fin a n cia l,

nm ntfrfl'Q u o t a t i o n S u p p l e m e n t ( « « ,% ) S t r e e t R a i l w a y S u p p l e m e n t (q^ 1

i n v e s t o r s S u p p l e m e n t (0 ^ ) S t a t e a n d C i t y S u p p l e m e n t{Enteral according to Act ol Congress, la the year 1397, by the William: B. Dana Company, In the office ol the Librarian of Congres*.

( 7

I N

Y O L . 65 , S A T U R D A Y , J U L Y 17 , 1 8 9 7 . NO. 1 ,673 .

argeCI-iLIhOIlt

trith-

3 H t e C P i c o m c l e .PUBLISHED WEEKLY.

Terms of Subscription—Payable in Advance :For One Year..................... .................................. *tn 1 0For Sis M o n t h s . ----*,*,** ***.«*«+**** 0 00Mw&pmn.&uh*n?iptimi ciaolnxlla po+xas**.......„__.* 12 ooEwtoge&n S»b*«rti*fct«>n. Sis; W^nm* pmtmmb- 7 ooA&onal SttbA&rfptlort la Loatlon citsetotte-sr -pottage). ....x2 10s,Six Mam. ikK do, do. ....£1 \m.

The IKYKhtmks* S0PFt,B'lE?rr wlH ha faraMo-l *+fAeu? extra eh. to every aaaaai suOsoriber of th* QoMawfioiACr aso Fin vCHRONIC LK.He Statu \*f* OtTf S0i’fc,£'!Kvr will al«o t*»i tar&laiii&S m etxtra charge to ©%*eey •eUMertber of tlvtt Cnuo^mtM.Tlie Bthbkt 8*ttf 4T soTrr.KveMr will Hfcnrw t»»*. ftirntoh*?4 nut extra charge %n ertjry milM&tihrt of the Chronic L£.Tlie tlcoTATmv SofTLRNSMf* IjwimssI m a Italy*. will »Uo i*e famishedwUhtintt extra ehnrge to every eubseriher of f its C*fRO!4tC!.l&.File ooven IioMIem? eiie *« l»«#n*a or flle cov**r4 far Sup­plement* Bm sold m 30 c(*m* *taolt; poataugg on thv *miw !*> IS «oats.

Terms of Advertising—(Per inch space).One tiifip ...... ...... ..... - i '50 TUr.; Mo-ftl,* (Vi u r n , §25 00One Meath ! :l, 00 I six M.mttt- (20 •* i.. « WTwoMoatlw if ** !•... 18 flft I T**ll#e Sfimthi* <52 *• .... 53 00(The above terau (ur on- naontb«t>4 upward am (or .• *<.(■> t

London Agents;Mr5*r,. El>w\n?** 8 Swifli. i t>r*j*«r,* Car lens. E. C.. wftt take nab

eeriptloiu and,«Irertisetaeat*. nod supply niugle uopieaof the paper it f». each.w i l i . h w n. n m c o n r i M , pubii

Pine street, Corner of Pearl street,Post Office Box 95“. s e w Yo r k ,

C L E A R I N G H O U S E R E T U R N S ,The following table, made up by telegraph, etc., indicates

that the total bank clearings of at! the clearing houses of the United States for the week ending to-day, July !7, have been agaitist |9Gd/l!,tilIast week ana1999,775,780 Abe corresponding week of Iasi year.

The fall details of clearings for the week covered by the above statement will be given next'Saturday. We cannot, of course, furnish them to-day, bank clearings being made up by the various clearing houses at noon on Saturday, and hence in the above the last twenty-four hours of the week have to be in ail oases estimated, as we go to press Friday n ight.

We present below our usual detailed figures for the pre­vious week, covering the returns for the period ending with Saturday noon, Joly 10, and the results for the corresponding week in 189*5, 1895 and 1891 are also given. Contrasted with the preceding week, there is a decrease in the aggregate exchanges of about three-hundred and fifiy million dollars, and at New York alone the loss is two-hundred and fifty- three millions. In comparison with the week of 1898 the total for the whole country shows a decrease of 15*2 per cent. Compared with the week of 1S95 the current returns record a decline of lt*S per cent, and the excess over 1894 is 8*6 per cent, Outside of New York the loss from 1898 is 12*8 per sent. The decrease from 1895 reaches 16*8 per cent, and making comparison with 1891 the loss ia seen to be DM per cent.

oimrim* at—

»•» foMu .»•»»*** Philadelphia.. Plttkfiarg,*....

ChllAMSttai MMurm by leUgr^h,

W‘mM Mndkn4 Julg 4$.tm i. 1888. PtrCmt.

Mew- York f408,T38,8SS ♦»S9,Hj 7,025 +8*fBmmo ..................... MMXMm 78,101,418 13*8m tm m m * 48,057,30'J 5 J. 429,820 -8*4Baltimore X2.980J77 It.887.084 +11*0OWe*xo __________... 71,470.431 71,210.057 +04St tool* ----------- ------- a m u s 20,083.364 +1-4Mim Orlean s. . 4,697.143 5.537,817 -n o

SNpren ciu<.\ 5 ‘lay# $ n 9 A m tn *091/104,342 ! +7*0Other cities, 5 day#....... . 137,930,141 128,017,012 +6*0

Tvrii all dt!<s«, S day* ... fi88 U 24,413 m dsm iM * +70XU eftlM, 1 day............... 180,211.723 170,083,778 +2STotal all eltiw foe .reek 11,061,'0*1,13-6 **328.775,730 +8*f

Baltimore.,.«***. *.* Waafeiogtoa*.*-** ...Synewe... *•«*..*■gemattm..... ...........Bingfeamtoc.

M i Middle....,Soitoa..,.. ,, .....Fro-rideace. ......Hartford...New Ifarea, .......gplii^geld, .......WomBcr-wiMM* rivfland.. •*.>*»*.*( fall m r a t . ........S*wCB*S fori i"'.'.. Tbul M«w M&g..:

.....A... ......,,theirod,fMVBtattAaa .... ....Mtlwaa taw........... •....lodlatiAUdii*.......gfprl*.....* ..... *#r*ad Bapldt... .DftriorK... •U isxlasrt'cm ,■fUifinaw...............KaIaouuiou.... . . . .A ktW'*'».......Bay City........ ..Rack ford....SprSBjfSfild* Ohio.. €natoo.... . . . . . ....Tot. Mid. W#t'r

%m WrmciMm..Salt Late# Oftt-......Poitlaad.l<o* AiiifOl##,«*.--•.3«ukttl<r...«.*.*»« ...........

Total Pacific.,,.K»n*a» C\ty...... .MMnmwli#...,....Omaha,,... ........fUFfthl.............Danker..............p m x t p o r t . .....St. Joseph ......... .De« Sfotoe*... **♦... Sioux City..........L f n e o l o , ...—Wichita...*........ -Topeka.,,.......... .Wrem&ni*...........Hit

Tot. other Wait.Sfelfcotiif..New Ort. cMki..*.....LoalavUle,0*1,tfeatom..*.. k..,.-. Hoast tt*. »«..*»,.........Richmond.,,,......Mereiphl*,,.,........Attoata..............Dallas,.,... . .. ......NashrHie.. — ... Norfolk..., . .......Ynrt%fnRh.Anku-ita...........Blrromeham.......FC no xy 111®.Little Hock.........Jackioaxine,,.,Chatter, oosra.......Total Sonthera..Total all,........Oatslde N. York.

Montreal,,..,.*.....TorontoHalifax,wtvai]MNi.«,»*s.....HamUtoh,,**.j|«.,Telus*,*..****.. **Total Canada.-..,

Week ending July W

mm. side P. Omt. IMS. 188*.m 203(3481 50 .$*4,933 15.434,722 13.173.275

w m sm1*381.680.b*7,3Sni» *stm>c'fA UOi

QI&M9 617.

k i t &U05.035I. It* 0,258m$M 8 7S1.418 313,10

04,780,593 4.95h,7*Xi| 2,735,5,0 1.8d8.f81l.ftrXtw1,457,213Lkd7.«0-flm*8028!t,7aii388.77i|138J 58, ! "

T8,7fi8,78f|U,OAftS lidl3.768.P453J00 teOf2.10 305i.0«,2O5|Lam,mw«TliD

288,?48|

mi,mil16® 3UP, 972,115710.775,713 i rau,mt> l,t 48,274 U 70,500 *87,;si M* 7

hLW«liMM.yr,

Tj 73a,liiS,u8«03,»ls3,rSl ».177;a»u*2,039,9241.1*0,224iXSl,«6f Ml^l 8O8.704

li<s,asC32488+8«3,iW0 u*.8At6,( a7,010,632~.i 41X24 1 314,8571*484,1.157*?3,7t5

*■■44.3**8 215,0001m,9*4»224,200} 314JM tlOs>0] 229, UH 280.410 133,8WU8U 747.933 LW0.501 1.202.UO 1.173 317m€0©ttMKKt (NIM ^0,‘iU 70,888 17,370.'09

45*-1*1TJil-23-1—4*4-9*7 +181 -8 2—17 3419 —r«

=S5— U 5 -lr? —485 -7 a - 22 e-32*0'

-17*0-10*4—8***6 —8*6 —lie -,30*4 -il-4 -14*0 *—0*6 -8T3 -2 2 +23 0 +14 8

7,865,105i i 19, Y08 2-800,871 1X117,003LiOt/8721350.000 <88.718 818,746 847,561 *14.412

WMi103,0:1520.079.9515,191 214 4.057/202! 1,647,850 2,171.89* 1429,6988 S 8 (1,1? 8.17«1,2A1,07*854,4701301,902638.1H2506.000 4 03,74$ 387.4'5.7 «83,798185,287250,4 64

47.1: 908-244,411399,980,763• a w sS.080,696L877.501708.372808.70528,080,315

0,042,5104.698 698 5,827,950 2,100,770 819,2*1 1,14 7.832 1,024.069 450,708 368. *«* 3-08,875 *35,301 69.82*5 70,722

M.m.45152,45 ,0588,888,3885.607,0<ii1,1/18.4601.638,488!,5G8.OTC»3.0S5.7742/278,8591,4*3.343

o$7,W>1,100,710«672.777357.000420.905497.22.12711.097s^st52,380.283

1,071.091.420455,881.800

-1*8X ?f—17’0—8 3 +38 0

XU- d+»?**=S4—5*4-32 1 -Je* -61 8 —10 1 -7*8 —0*6 —15*w +4-0 -10 7 +18*4 -4*8 +1611 4*7*0

i f i f l l1,842,1421,062,300847,320706.855405,200696,204,718102,031.028 5,780,700 3.128,738 1.845.167 1,529.800 1.473,754 1,324,218 704,674

m m442,4*2119,100,142m m .*

5,207.6213.907.0OO1.400,9111,975.39*

490,710 3+9,140 874,725 * 297J 80 350.067 812 051»

144.001,142612,512.703 1.222,1 - • l»a«8/L.1,282,809

mMM 58664 909

-10*4-24*4TfS?+7*4

-43*2- i l l+5*1J!+40*1-4*0—20*5-t i l-5*4

"=ia-15*8

-5 H

—2MAY,«7l “+Tf3

is.m.7svu tir «3,042,4044.791.0072,782.7571,216.000K30*1 7?l 322 056 70,708 01,881

81,814,20125.745.5S70.1 ‘»*■i&wti1+73.269

B F953,107 1.138.992 J .018.452 610.034 550.000 400/00 825,276290,827 825,H71 224,023

USsIjm1,003.508 166*89,602,198

24,322/587

5iO.U94,530" s s s a2,770 032 1.775.259 1,233.056 1.389,413 L295 781 772,019

601,219290,180248.072248,149821,689241,288143,211160.018

112,400.236

"13YIE248i fJ ,ill4.9? 0,06 4 3,379 602 2,451.5011.0*20.141w

379.143 206,221 327,089 93.428 98,400

29,415,038

»1,708,4 38fiW m >I m W

m

201,118

_ J g l i60 186,610

861.061,310~im.sn.0ifi

T H E ( H R O N K ’LE.86

T E E F I N A N C I A L S I T U A T I O N .

The feature of the week has been the New York Anti-Trust law decision by Justice Chester. It will be remembered that the proceeding under that statute, which the Attorney-General took almost as soon as the law had been, signed, was against the anthracite coal roads and companies. The decision now rendered has been made in that proceeding, and the opinion sug­gests about as many flaws in the new Anti-Trust legis­lative contrivance as it contains provisions. We have discussed the decision on a subsequent page. It is of special interest at this time in connection with another event which occurred on Tuesday in Philadelphia. That other event was a change in the officers aud directors of the Lehigh Valley Railroad Company—a transaction which places Messrs. J. P. Morgan & Co. and Prexel & Co. in control of the Lehigh Valley’s policy. In other words, at a moment when a machine that had been devised by our last Legislature for destructive purposes and fired up and set in operation against the coal companies went all to pieces, Mr. Morgan, who has done more to conserve and advance industrial interests in the United States than any other man, took control of one of these suffering coal companies to cultivate and build up its property and business by keeping its management in harmony with other roads similarly situated. That is a striking coincidence, for it presents remarkable con­trasts, while the decision taken together with the new direction in Lehigh Valley forms the record of a very substantial and encouraging movement towards in­dustrial progress.

The crop situation has in the main improved since July came in. Heavy rains the last few days in this and Eastern States are said to have done injury, but over a large section in the West, where hot, dry weather was beginning to make the farmers anxious, beneficial rains have fallen. Now it is said that both spring wheat and corn are in a very promising shape in all the large producing States; Texas reports in­jury to corn due to drought. It seems likewise to be pretty well established that there will be a good de­mand for wheat from Europe and Australia, and prob­ably from India, while this week there have been orders in our market even from Argentine for wheat for seeding purposes.

As bearing upon the crop outlook we may note that the Agricultural Bureau at Washington on Saturday of last week issued its usual monthly report on the con­dition of the crops, and that this on the whole makes the prospect quite encouraging. In the condition of winter wheat an improvement of 2-7 points is reported since last month, making the average now 81'2, or 5-6 points higher than in July of last year. In spring wheat an improvement of 1*6 points is shown, raising the average to 91-2, which, however, is 2T points lower than in July of last year. In the case of corn and oats the averages are also given as lower than a year ago. Thus the condition of corn is put at only 82-9 against 92-4 in July 1896, and the condition of oats 87'6 against 96-3. This at first sight would seem to indicate a much poorer prospect this year than last; but it should be remembered that these figures are of July 1 in both years, that last year after the 1st of July the’- f r o m great deterioration in the condition of all w ii.m a .m a! crops with the exception of corn, wh1' J6Hl p|ne wpar the weather conditions since thel8 ' t h e WALL 8#1V6' “ already 8tated> been ffuite

G ives valuable In formation*16 a year. DOW. JoNKBU

satisfactory. In the case of spring wheat the decline during the month of July last year was 14-4 points, in the case of oats 19 points and in the case of cotton 12-4 points, the condition of corn, however, advancing 3-6 points. It is evident, therefore, that with a continuation of good weather the comparison on the 1st of August will be in the case of most of the crops quite different from that now shown by the July figures. Our usual compara­tive tables, formerly given in this article, will be found on page 120.

The importance of this favorable crop prospect is for the time being in some measure obscured by the bituminous coal strike, which has continued without any very material change during the week. There have been reports of speedy settlement by ar­bitration from time to time, and the prevailing feeling seems to be that a settlement will be reached before the strike has lasted long enough to cause any widespread derangements through a scarcity of coal. The idea, we presume, is that after the old stocks of coal are used up and tariff legislation is completed, the coal trade will be in shape to raise wages; or if not then, general business will soon thereafter revive, and with better business, prices of commodities, and coal among them, will rise so as to warrant paying the miners a higher price and thus end the strike. Some such thought must be at the bottom of the com­paratively hopeful feeling which appears to exist re­specting the situation in the bituminous district.

The belief, too, is growing that it is only a matter of a few days before the tariff question will be settled. That the Conference Committee should take some lit­tle time in adjusting the differences between the two Houses seems perfectly natural. Even if the conferrees on the part of either the House or Senate were in­clined to yield on the material points in dispute, it would be bad policy to encourage the idea that a settlement had been easy. There is deep feeling in both the House and Senate regarding some of the pro­visions which are the subject of controversy, and if the belief should gain currency that either side had failed to take a sufficiently pronounced stand on its own ground the effect might be to jeopardize the work of the Conference. In other words, some show of opposition is necessary to force the recalcitrants into line. The rumors of disagreements, therefore, and a deadlock, which have been current this week, whether true or false, will in the end be found to have served a useful purpose in securing sup­port foe the Conference report when it comes. Every one now believes there has been a sharp tussle between the members of the two bodies, and thus the inclination will be to accept the Conference report as offering the most that either side can hope for. At least that is the view of the matter which has been generally taken, and this together with the other events noted will account for the renewed strength and activity of the stock market this week. The fail­ure on Tuesday of Decker, Howell & Co. had no effect on the market, as it was known to have been precipitated by the sharp rise in Sugar stock, in which the house was carrying a short account.

We referred last week to the fact that new or in­creased dividend distributions by our railroads were becoming a feature of the situation. We have had another illustration this week. The Great Northern Railway Company has increased its quarterly divi­dend from 1J per cent to 1| per cent. In other

[V ol. LXV.

July 17, 1897.] f H E C H R O N IC L F . 87

words, the stock has been raised from a 5 per cent basis per year to 6> per cent. The Great Northern is one of the most prominent and at the same time one of the best managed properties in the Northwest. The increase in the dividend seems to be fully warranted. On the operations for 1895-6 the income account showed a surplus of over a million dollars above the amount of the dividends at 5 per cent. For 1896-7 of course the results are not yet available. But we may say that the returns of the gross earnings for the twelve months to June 30 show a falling off of only $128,715, or less than one per cent, com­pared with the corresponding period last year. What makes this result particularly gratifying is that the spring-wheat crop of 1896 was much smaller than that of 1895. On the other hand, the outlook now is that the current year’s wheat yield will again be quite heavy, making the prospect for a large traffic and large earnings the current year very good.

The Louisville & Nashville has issued a preliminary report of its operations for the year ending June 30. It shows very little change in the gross earnings, but a falling off of $359,283 in the net (about 5 per cent), due to more liberal expenditures. There was also a small falling off in the income from investments The final result shows a surplus above charges of every description of $962,159 for 1896-7, this comparing with $1,377,503 for 1895-6. The $962,159 is equal to about 1} per cent on the company’s stock, but this, it should be remembered, is after spending very consid­erable amounts for betterments and improvements. The result, too. has been reached in a year of great depression in general business. The Louisville &

Nashville is very much dependent upon the condition of the iron trade, and should there he a revival in this trade the results for the current fiscal year would no j doubt show considerable improvement.

At present the iron trade still remains in a very quiet state, though the reports indicate that confidence ; is still strong as regards the ultimate outcome. The I "Iron Age” of this city has this week issued its usual | monthly statementshowing thccurrentpig-iron prod tic- j tion. and it again records a falling off—that is to say there was one less furnace in blast July 1 than on June I 1, the number being 145, against 146, and the capacity of these furnaces being 164,064 tons per week July 1, ! against 168,380 tons June 1. Since April 1 the num­ber of active furnaces has diminished from 153 to t45. j and the weekly production from 173,279 tons to 164.064 tons. As to the prospects for the immediate future, it is not possible to speak definitely, since the strike in the bituminous coal regions has introduced a J new disturbing element, the effects of which will d e -! pend upon fnture developments.

Money on call, representing bankers' balances, has I loaned more generally at 1 per cent, and the offerings are liberal. Some loans have been daily made at 1 ( and the average for the week has been about 11 per cent. Banks and trust companies accept the rates j current on the Stock Exchange. There is very little | business reported in t ime loans and scarcely any demand for short periods, the inquiry being mainly for four to j six months. Rates are still quoted at 2 per cent i for sivty to ninety days. 2| per cent for four and 3 per j cent for five to seven months on good Stock Exchange | •trilateral. There is a better supply of commercial! paper, with a fair demand, and rates are firmly held [ at per cent for sixty to ninety day endorsed I

bills receivable, 3-J@4 per cent for first class and 4@44 per cent for good four to six months’ single names. Banks report a lighter movement of money to the in ­terior this week in response to re-discounts. Corre­spondents, however, look for a better demand very soon. The only special feature shown by the bank statement of last week was a further increase in loans and in deposits, making a new high record for these items.

There have, as usual, been contradictory reports by cable regarding the European political situation, but the foreign financial markets have not been affected thereby. Early in the week it was said that Turkey had made a new treaty with Roumania, with a view to counteract possible warlike designs by Bulgaria, and it was also said that Turkey had sent an ulti­matum to Persia requiring the evacuation of Turkish territory occupied by Persian troops, but that Russia was supporting Peraia in her position and therefore that the latter would probably refuse to yield. Later there came a Con­stantinople cable stating that the Sultan had modified his demand for an indemnity from Greece, reducing it to £6,000,000. On Wednesday the Ambassadors requested the Turkish Minister of Foreign Affairs to announce definitely whether Turkey would resume peace negotiations on the basis of the proposals made by the Powers. On Thursday the Turkish Minister declared that the P^rte accepted the principle of a strategic frontier, and negotiations will be resumed on Saturday. The Bank of England minimum rate of discount remains unchanged at 2 percent. The cable reports discounts of sixty to ninety day bank bills in London 13-16@| of 1 per cent. The open market rate at Paris is 1 %(<t, 1}, at Berlin 2 f@ 2 f and at Frank­fort 2| per cent. According to our special cable from London the Bank of England gained £11,373 bullion during the week and held £36,731,125 at the dose of the week. Our correspondent further advises ns that the gain was the net result of imports of £64,000 from the Capo, exports of £40,000 to Malta and shipments of £13,000 to the interior of Great Britain.

The foreign exchange market has been quiet and firm this week and without new feature. The dulness during the middle of the week was mainly duo to the fact that there was no fast steamer until Saturday. There was a good inquiry early in the week to remit for sugar, and some demand was noted from other im­porters, which absorbed about all the bills offering, and the tone was quoted strong on Tuesday, when Brown Bros, advanced their posted sixty day rate to 4 87, leaving the sight figures un- diunged at 4 88, and thereafter rates by all drawers were uniform at these figures. Rates for actual busi­ness were entirely unchanged during the week at 4 86 @4 86| for long; 4 87@4 87J for short and 4 87£@ 4 87J for cable transfers. Bankers express the opin­ion, based upon offerings of demand sterling for delivery early next month, that the market will remain steady and without material change. It is reported that sales of long sterling havebeen made in anticipation of lower rates in September and October, when there is expected to be a good supply of grain and cotton bills. Futures against shipments af the last-named staple are offered at 4 83| for September and at 4 82£ for October and'Novcmber deliveries. There have been no gold engagements,-though it was reported early in the

8 8 T H E C H K O N I C L K [VOL. l x v .

week that some gold would be shipped to Europe be­fore Saturday. The report may have been based upon the fact that there was an unfilled order for gold on the market last week. The following shows the daily posted rates for exchange by some of the leading drawers.

DAILY POSTED BATES FOB FOBBIGN EXCHANGE.

Fill.. Mo n .. T o r s .. WED.. TnUR.. FKIJuly 0. July 12 July 18. July 14. July 16. July 10

Br0,ni Br0>-.......{s?BhL.’£0*£8

8 0 *88

8788

6768

8788

6788

Baring. f 80 days 87 87 87 87 87 87Magoun A Co.. ( Sights. 88 88 88 88 68 68

Bank British (60 days 87 67 87 87 87 87No. A m erica .. 1 Sight— 68 88 88 88 88 83

Bank o f J 60 days. 87 87 87 87 87 67M on trea l.........t S ight-. 88 88 88 88 88 88

Canadian Bank (60 days. 87 87 87 87 87 87o f Com m erce.. \ S ight.... 88 88 83 88 88 88

H eldelbach, Ick- 160 days 87 87 87 87 87 87elheim er <k Co. \ S ight.... 88 88 88 88 88 83

L&sard F reres... j 8768

8788

8788

8788

8788

8788

Merchants’ Bk. (60 days. Of Canada.___ 'S igh t...

87 87 87 87 87 67RS 88 88 88 88 88

The market closed steady on Friday with the posted rates at 4 87 for sixty-day and 4 88 for sight. Kates for actual business were 4 86@4 86£ for long. 4 87@ 4 87J for short and 4 S7J@4 874 for cable transfers. Prime commercial bills were 4 8o|@4 85f and docu­mentary 4 8o@4 8of. The Bureau of Statistics at Washington has this week issued the statement of the country’s foreign trade for June, and we give the figures below in our usual form.

F o r e ig n T r a d e M o v e m e n t o f t h e U n it e d s t a t e s .In the fo llow in g tables th ree olphers (000) are in all eases om itted.

--------------- 1896-7.---------------* .-------------- 1895-6.-------------

gold and silver; for the other years both are included in the merchandise figures.

The following statement gives the week’s movements of money to and from the interior by the New York banks.

Week Ending July 16, 1897. Received by N, Y . Banks.

Shipped by V. Y. Banks.

N et Interior Movement.

$4,703,000308,000

$2,789,000300,000

G ain .$1,914,000 Gain. 8,000G o ld . . . . . .....................................................

T ota l go ld and lega l te n d e rs . . . . $5,011,000 $3,089,000 G ain .$ l,922 ,000

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

W eek Ending July 18, 1897. IntoBanks.

Out o f B m ks.

N et Change in Bank Holdings.

Banks’ in terior m ovem ent,a s ab ove Sub-Treas. operat’ns and gold expts.

T otal gold and legal ten ders........

$5,011,00017,000,000

$3,089,00013,800,000

G ain .$ l,922,000 Gain. 3 ,200,000

$22,011,000 $16,889,000 G ain $5 ,122 ,000

Amount of bullion in principal European banks.

Bank ofJuly 15,1897. July 16, 1890.

Gold. | Silver. | Total. Gold. Silver. lotdL

England.......France........Germany..... Aust.-Hung’ySpain...........Netherlands. Nat.Belgium*Tot.this week Tot. prev.w’k

£ 1 £86,731.125| ..............80.517,683 49,010,41428.210.000 14,547,00036.619.000112.662.0008.036.000 10,740.0002.032.000 6,949,000 2,800,667 1,400,333

£30,731,125

129,528,09742.767.00049.181.00019.076.0009.531.0004.201.000

£48,187,00881,876,12829.472.00027.313.0008.400.0002.035.000 2,629,007

£

50,139.46414.H54.00012,887,00011,54.0.0000,920,0001,314,333

£48.187,008

182.015,59244.320.00040.200.00019.940.000 0,555,000 3.943,000

196,346,475 95.308.7471291,055.222 200,618,463 195,553,539 95,603,753 291,057.292 199,747,246

97,054,797 298.173,200 97,527,329 297,274,576

No t e .— W e r e c e iv e th e f o r e g o in g r e s u lts w e e k ly b y c a b le , a n d w h ile not a ll o f th e d a te g iv e n a t th e h e a d o f th e c o lu m n , t h e y a re th e re­turns is su e d n e a r e s t to th a t d a te —t h a t is , th e la t e s t r e p o r t e d f ig u re s .

Exports. Imports. Excess. Exports. Imports. Excess.ftlerch’ dise. 1 1 1 f 1 t

Joly-Sept... 221,450 152,434 +69,010 171.002 209.443 -38.381O ct.-D ec.... 339.781 159,490 +1*0,291 266.933 200,620 +66,307Jan.-March. 261,027 1 86.913 + 74.084 240,24 6 197,581 +42+65A p ril............ 77,072 101,323 -23.851 71.092 58,650 +12,142May........... 77,882 79,858 -1,470 66,568 57,261 +9,307J u n e ............ 74.175 84,824 -10,651 66,706 56,161 + 10.542

T o ta l ....... 1,0.11,987 761,374 +287.613 882,007 779.",2b +11)2,883G old-

July-Sept... 12,030 39.723 -27,037 37,958 2,855 +35.103O ct.-D ec.... 1,171 37,871 —36,700 31.415 3,699 +27,716Jan.-March. 1.281 1,983 —705 13,135 22,604 —9,409A pril............ 7,933 019 +7,314 3.782 1,120 +2 602M ay.............. 9.408 560 +8,905 19.104 604 +18.800June............ 7.624 050 + 6.974 6,915 838 +6.077

T ota l........ 40,113 81,412 -41,290 112,303 31,720 +80 589Sliver.

July-Sept... 16,513 2,510 +14.003 14,767 3,667 + 11,100O ct.-D ec.... 16,589 4,050 +12,589 15,109 3,307 +11,862Jan.-March. 13.674 2,121 + 11,453 15.280 3,8-3 +11,457April............ 4,931 5T9 +4,352 5,140 509 +4,571M ay.............. 4.337 700 +3,571 5.159 564 +4,505Jun e ......... 5.C87 955 +4.132 4,348 988 +3.360

T o ta l . . . . . 61,031 10,981 +50,050 59,833 12,918 +46 945G o ld In O r e .

July-Sept... 68 582 -524 8 475 —4t7O ct.-D ec___ 06 010 -514 37 652 —515Jan.-M arch 89 1,227 -1.138 30 358 —328April............ 3 353 -350 5 155 —160M ay ............ ., 1 380 -388 7 107 —100J u n e ........... ................ 441 —441 14 158 -141

T ota l___ 247 3.602 -3,355 101 1,805 -1,704Silver In Ore.

July- SepU. 228 4,392 -4,164 64 3.050 —2,986O ct.-D ec... 428 4.534 -4,106 278 3.969 -3,881Jam -M arch 247 4,994 —4.747 191 4,291 —4,ICOApril.......... . . . . 1,604 -1,604 14 1,574 -1,500M ay........ 13 1.DS5 -1,972 3? 1,380 —1,349J u n e ........ 2.044 -2.044 95 1,599 -1,504

T ota l....... . 910 19,553 -18,637 079 15 ,859 -15,180+ E xcess o f exnorts* — E xcess o f imports.

We subjoin the totals for merchandise, gold and Bilver for tho six months since January 1 for six years.

SixJtfos.

M b b c h a m d ib s . G o l d . Si l v e r .

Exports. Imports.Excess

Of E x ­ports.

Im ­ports.

Excessof

Exports

E x ­ports.

Im ­ports.

Excest of Ea port»

$ * * t i t i » *1807. 190.762 452 ,480 38.312 26,399 6,22« 20,171 28,189 1 5,04s' 13.1411896. 444 ,012 369 .050 74.956 42,992 25,944 1 7,048 30.204 14,794 15,4701805. 3 8 6 805 3 9 1 . f00 *4.735 35.549 26,810 8.733 23.933 1 O.390 13,5431891. 10 1,429 3 3 5.943 68.480 70.930 11,782 59,148 23,884 7.813 16,0711 8 9 3 . 388 ,397 •157.197 •68,800 7 3.71811 1,769 61.969 1 9,552 9,573 9,9791802 479 .163 •131.728 17.426 11.509 8.O30 33.533 14.790 8.105 6.685

• E xcess o f imports.

In the last table gold and silver in ore for 1895, 1896 and 1897 are given under the heads respectively of

T H E C O A L S T R I K E A N D T R U S T D E C I S I O N r

The anti-trust laws, which the last Legislature of this State passed, promise to have a very short life. They ought to have been entitled “ laws to reduce wages, to hoodwink labor and to prevent capital from earning any interest on its investments. ’ To-day the country is having this truth enforced by a sort of ob­ject lesson, and it would be greatly to its advantage if the people would study the picture closely ; it repre­sents in a graphic way an important, if not a startling, development of deep interest in connection with this decision.

What is at the moment more than all things else threatening business revival? No one hesitates in the answer ; it is the strike of the miners in the bituminous coal district, which may possibly extend until it in­cludes even the anthracite coal sections. Every in­dustry in the land is more or less disturbed by it, and every incipient enterprise suppressed. And yet that strike is the natural fruitage of just such kinds of legislation as that to which this New York law belongs. The effort to deprive the coal business and carriers of profit has compelled owners to reduce wages and hours of work until the poor miners can­not live on what they earn. Bear in mind that this situation we have described is true in every particu­lar and can be proved to the satisfaction of every one except those who, ostrioh-like, stick their heads in a rank undergrowth of deceptions which politicians have cultivated for the purpose of misleading wage- earners, making them their tools by keeping them in such surroundings that they cannot see their own in­terests.

For the present, at least, all hope of getting- out of this entanglement seems to be through the courts. How near confiscation they will permit legislation to- go under the guise of suppressing trusts is the problem.. The decision of the United States Supreme Court in the- Trans-Missouri Freight Association case, we need not

Jot/? 17, 1897.] T H E C H R O N H L E . 89say, was a great disappointment, and for a time and until leading lawyers thought they saw a narrower scope to its application than they at first feared, it was ex­tremely disquieting. Since then there have been some decisions which have inspired a hope that this kind of craze had culminated—or, perhaps better, was reach­ing its limit of audacity. The one this week referred to above has been of that character, and consequently has given great satisfaction in conservative circles. Justice Chester finds some decidedly faulty features in the New York trust laws of last winter, although the questions raised on the argument as to the constitu­tionality of the substantive provisions of the Act that make up the first and second sections were left unde-

ceeding, while the application itself leads to no judg­ment or determination of the Court. The Justice also cites very fully the law applicable to such a state of facts, and concludes “ that the duties imposed by the statute upon the Justices are therefore not judicial but are merely ancillary or auxiliary to the Attorney- General in the performance of his duties.” This being the case, he concludes that it is beyond the power of the Legislature to devolve those duties on the Justices of the Supreme Court.

The next weakness Justice Chester brings to light is of a different character and more general in its ap­plication. He shows that the procedure which the Act by its terms authorizes presents a case of serious

cided. What was decided, though, was substantial j infraction of the constitutional rights and privileges and throws outside the sphere of the legislator dan- of a witness charged with a crime. His argument is gerous powers the Act assumed he possessed. of considerable length and appears conclusive. The

The motion upon which the conclusions referred to | basis of this charge is Section 7th. That section provides were reached was a motion made to vacate a previous J that no person shall be excused from answering any order granted by Judge Chester on the applies-1 question that may be put to him on the ground that it tion of the Attorney-General in May last compel-' may tend to convict him of a violation of the provisions ling the presidents of the anthracite coal roads to | of the Act, notwithstanding Section 2 makes sueli viola- appear before a referee as witnesses in a proceeding J tion a misdemeanor and on conviction punishable by a begun for the purpose of determining whether an fine or imprisonment, or both. The Justicequotes largely action should be commenced against the said com- from opinions in various cases cited. Substantially they panies. The first two sections of the law described all agree in enforcing the same doctrine that “ these the kind of acts and agreements prohibited, claim- constitutional and statutory provisions have long been ing that they suppressed competition. en- regarded as safeguards of civil liberty quite as sacred hanced price and were consequently detrimental and important as the privileges of the writ of habeas to public interests. Those sections, as already corpus or any of the other fundamental guaranties stated, the Justice did not pass upon. The questions for the protection of personal rights. When a proper before him related primarily to the subsequent por- j case arises, they should be applied in a broad and lib- tions of the Act which have reference to procedure, ! eral spirit in order to secure to the citizen that immn- and hence it was not needful to examine and come to J nity from every species of self-accusation implied in a definite conclusion with reference to the main provi- j the brief but comprehensive language in which they sions of the law. His first finding was that the law 1 are expressed.” “ It seems that in such cases nothingimp<>aes upon the Justices of the Supreme Court non­judicial functions. The method it provides is that the Attorney-General may. for the purpose of determining whether an action or proceeding should be com­menced, present to any Justice of the Supreme Court an application for an order directing such persons as he may require to appear before the Justice or a ref­eree and answer all relevant and material questions put to them concerning any illegal contract, etc., in viola­tion of the Act. After the examination the testimony taken must be certified and delivered to the Attorney- General. If it appears to the satisfaction of the Jus­tice to whom the application for the order is made that such an order is necessary, then the order shall be granted.

Judge Chester says that these provisions very clearly show an attempt to impose upon the Justices of the Supreme Court non-judicial functions and cannot be sustained. His argument in substance is that the examination authorized is merely to aid the Attorney- General in determining as to whether or not he should commence an action. This, he says, is clearly an ad­ministrative function and one which simply aids the Attorney-General to determine a question relating wholly to the proper discharge by him of a public duty. The testimony is not required to be filed in Court; it is merely turned over to the Attorney- General for his information. Until an action or pro­ceeding is brought there is no controversy in Court, no issues and no parties. The Justice performs no func­tions except as described above. Moreover, there is no cross-examination of witnesses, and the testimony, if it can be called such, could not be used in any pro­

short of absolute immunity from prosecution can take the place of the privilege by which the law affords protection to the witness.”

In the case of the law under review the latter part of Section Seventh attempts to give immunity to the witness, but the section does not by any means afford complete immunity. The words providing relief are that “ the testimony given by the witness in a pro­ceeding or examination under this Act shall not be given in evidence against him in any criminal action or proceeding, nor shall any criminal action or pro­ceeding be brought against such witness on account of the testimony so given by him.” These words, as Justice Chester well says, come far short of affording absolute immunity to the witness from prosecu­tion. To be sure, no criminal action or proceed­ing could be brought against the witness on account of the testimony given. This, though, says the Justice, would not protect him from an indict­ment, prosecution or from punishment for a violation of the provisions of the Trust Act, which violation might be disclosed by facts or circumstances appear­ing in the testimony drawn from him under the com­pulsion of this examination and in relation to which the law expressly states that he shall not be excused from testifying. To be complete, the immunity should give entire exemption from prosecution to the witness for the crime which is sought to be discovered by the examination and which discovery is the chief purpose of the examination. It would be interesting to give more fully Justice Chester's views and the opinions he cites on this" point. We have not the space to-day. They seem to fully bear him out in his statement that

« 0 T H E C H R O N IC L E . [Vol. LXV.

••this discovery cannot be had (if constitutional safe­guards are to be regarded) from the mouths of the witnesses concerned in the alleged agreement.

The other defect Justice Chester mentions is the insufficiency of the petition. This may be considered by many a mere formality which can be easily rem­edied. It is a formality and can be remedied, but not bo very easily. The petition did not undertake to present any evidence affecting the questions at issue, except hearsays—that is assertions made on informa­tion and belief, many of them of course idle gossip. One of the provisions of the trust law is, “ that if it appears to the satisfaction of the Justice of the Supreme Court to whom the application for the order is made that such order is necessary, then such order Bhall be granted.” It is a well-settled rule, says Jus­tice Chester, that orders for preliminary examinations of witnesses or for the production of documents are in all cases discretionary. That it was the intention of the Legislature not to interfere with this salutary rule, but to require proof of the necessity for the hearing, is made entirely clear by the above quoted provision that such order shall be granted “ if it ap­pears to the satisfaction of the Justice” * * *“ that such order is necessary.”

The foregoing is a brief recital of Justice Chester’s conclusions with reference to practice and operations under the new anti-trust law. His restrictions will be seen to have a wide effect. Notice for illustration the character of the changes the Attorney-General will be called upon to make in his next petition if it con­forms to these findings. Positive declarations not rumors will need to be its substance. Sworn and de­tailed statements of facts—such evidence as unemo­tional courts of law admit— must be the form in which the charges contained in the application brought be­fore the Justice appear. These affidavits, too, will have to bo prepared with diligence and with care, for the Judge must be satisfied from the evidence that an order and a hearing are necessary, and that too after shaking out all the chaff which from the character of the subject seems naturally or necessarily to settle around and upon these anti-trust doings. His aim must be to get at the kernel of truth left and from that make up his mind.

B R E A D S T U F F S E X P O R T S A N D O U R F O R E I G N T R A D E .

W ith the promise the present year of another large yield of our leading grain crops, there is the prospect also of another year of large grain exports, especially as it seems likely that the outside world will have need for all the supplies we can furnish. A study therefore of the breadstuffs exports for the late fiscal year (end­ing June 30), when the movement was so full and free and played such an important part in the country’s foreign trade, will be both interesting and useful. We shall expect next week to review the full foreign trade results for the twelve months, but to-day shall con­fine ourselves entirely to the breadstuffs movement.

Perhaps the best way of showing the extent to which the breadstuffs exports contributed to the late year's favorable trade results is to say that in money value these breadstuffs exports increased over 56 million dollars as compared with the previous fiscal year and nearly 83 million dollars as compared with two years ago. The aggregate declared value of the shipments for the twelve months was close to 200 million dollars.

Of course we can not give exact figures yet, but based on complete returns for the eleven months and par­tial returns for June the total was $197,417,408. In 1895-6 the amount was only $141,356,993 ; in 1894-5 but $114,604,780.

There have been years when the breadstuffs exports have run even in excess of 200 million dollars—in one quite recent year they approached close to 300 million dollars—but that was when prices were very much higher and when the wheat shipments were extraordi­narily heavy and contributed in an unusual way to swell the total. In the late year the outward movement of wheat, as we shall presently see, was of hardly more than average proportions, and the distinctive feature of the breadstuffs exports was their varied character. In other words, not merely an increased outflow of one of the cereals but a general expansion in the export movement of the whole body of cereals accounts for the improved results. In the case of several of the cereals indeed, the late year’s exports break all pre­vious records, while on the other hand the year’s wheat and flour shipments have been many times ex­ceeded in the past.

Thus the character of the breadstuffs exports has broadened, and this is an essential fact to bear in mind. It shows that in calculating whether this branch of our export trade is to be large or small it is not sufficient to consider merely the position and pros­pects regarding wheat (though this remains important as before), but that the harvest outlook and condi­tions affecting the other cereals must also be taken into account. The bearing of this on the breadstuffs exports during the fiscal year which has just begun is obvious. The large exports of the various cereals during the late twelve months followed from the gen­erally favorably character of the harvest in 1896, added to a good demand for our surpluses by Europe. Indications point to a continued eager demand from Europe the current twelve months, while at the same time advices from the West encourage the belief that the present season’s harvest, like that of last year, will be generally abundant, insuring it would seem con­tinued large exports.

The growth in shipments to which we refer extends to barley, to rye and to oats, as well as to corn. The first three are usually considered minor cereals as far as their importance in the export trade is concerned, but in 1896-7 the value of the shipments of these three articles was in excess of $20,000,000. On the other hand, in 1895-6 the exports of the same articles was valued at only about $7,000,000. Here then we have an increase in simply these minor forms of breadstuffs of 13 million dollars. Of rye the ship­ments were over 84 million bushels, against less than a million bushels in the previous fiscal year. In this case it happens that the 1896-7 total has been once exceeded, the failure of the rye crop in Russia and other countries of Europe in 1891 having led to an unusual demand (at high prices) upon the United States in the fiscal year 1891-2. Of barley the exports in 1896-7 were over 19 million bushels, against only 7§ million bushels in 1895-6 and but 14 million bushels in 1894-5.

Still more striking has been the expansion in the exports of oats. Back in 1890 the oats exports for one year rose to 13§ million bushels, but this was followed by a decline to less than a million bushels the very next year ; after that the amounts varied considerably, and it is only during the last two years that the up-

July 17, 1887.] T H E C H R O N IC L E . 91

ward movement has been large and sustained. For 1894-5 the shipments were but little more than half a million bushels— in exact figures 589,977 bushels; when from this there was an increase to over thirteen million bushels (13,012,590 bushels) in 1895-6, it seemed to many as if there was little chance for fur­ther growth in the immediate future. But now we find that for 1896-7 the exports of oats were in excess of 35 million bushels— 35,090,000 bushels. In other words, in two years the oats exports have risen from practically nothing to over 35 million bush­els. And the price obtained, relatively speaking, was quite fair, the average being about 25 cents per bushel.

Noteworthy though these results are, it is when we come to corn that we see presented the most remarkable evidence of growth and expansion. The exports of that cereal in the late year reached the enormous total of 177 million bushels. This is 77 million bushels better than in the previous year and about 150 million bush­els in excess of the corn exports of two years ago. In brief, in two years the outward movement of this cereal has risen from 27 million bushels to 177 million bushels. The corn crop is by far the largest crop raised in this country, but we are accustomed to look npon it as important only in the sense that it is very essential for our home wants. The fact that it

’ has risen to such large dimensions as an export staple reveals a now phase of advantage. We doubt, too, whether many, even among those well informed, had any idea that the shipments of the cereal had reached such a really imposing amount. At 177 million bushels the total is 32 million bushels in excess even of the wheat exports, a very unusual occurrence. It has happened only once previously that the corn ex­ports have reached or exceeded 100 million bushels, namely 1885MH), when the shipments fell just a little short of 102 million bushels. The total for 1890-7 is over 70 per cent in excess of this previously unex­celled total.

OI course the corn went out at extraordinarily low prices, the average being only a little over 30 cents a bushel—30*6 cents. We print-further below the record for the last twenty-four years, and during that period the price has never previously been so low. In 1895-6 the average was 37*8 cents, in 1894-5 52*9 cents ; in 1889- 90. when the previous maximum of the exports was at­tained, the average was 41*8 cents. Doubtless the low price greatly stimulated the outflow, and with a con­tinuation of such low values we may be sure the ex­ports will be very large also the present year. The country produced 2,283 million bushels of corn in 1896 and 2,151 million bushels in 1895, and the promise is for another large crop the present year, unless in­deed the weather conditions in subsequent weeks should alter this prospect. Then also the reserves in farmers hands from the two previous crops are un­usually heavy. At the same time Europe is in posi­tion to take large amounts of our surplus, first be­cause the promise as to the world’s wheat crop is by no means such as to indicate full supplies of that prime cereal, and secondly because the corn crop also is short in some principal producing countries. As bearing out this latter remark, we may note that a dispatch from Buenos Ayres a short time since stated that the export surplus of the maize crop of Argentina was estimated at only 300,000 tons this year, in com­parison with over 1,000,000 tons in each of the two preceding seasons.

Even though only a little over 30 cents a bushel was realized on the corn exports of the late year, the large increase in the quantity shipped added greatly to the aggregate value of the shipments, making the total for 1896-7 154,083,349, against #37,836,862 for 1895-6. This is an increase of 16} million dollars, which, added to the 13 million dollars increase in oats, barley and rye, accounts for nearly 30 million dol­lars of the 56 million dollars increase in the bread- stuffs exports of all kinds in the late year. Of the remainder, the bulk was. supplied by the wheat exports.

The value of these wheat exports in the late year was. roughly , 116 million dollars. This compares with 91} million dollars in 1895-6 and 95} million dollars in 1894-5, but with 128f million dollars in 1893-4, 169 million dollars in 1892-3 and 236} million dollars in 1891-2. Thus, while the corn exports, the oats, the rye and the barley exports were in comparison with other years all of exceptional pro­portions, there was nothing out of the ordinary in the size of the wheat exports in value. Looking at the

j quantity shipped, we find that 145 million bushels went out (counting flour at its equivalent in wheat) in 1897, against 1264 million in 1886, 144} million in 1895, 164} million in 1894. 192 million bushels in 1893 and 225} million bushels in 1892. As compared with this

| last-mentioned year, which stands without a parallel in the country’s history, the decline is over 80 million bushels. In that year, too, exporters realized #1 02

| per bushel, while in the late year the average was only a trifle over 75 cents a bushel. In this mat­ter of price the result in 1896-7 has been a dis­tinct disappointment. The average is, indeed, bet­ter than the averages for the three previous years, which were respectively 65*5 cents. 57*6 cents and 67*2 cents, but with that exception it is the lowest on record.

As to the outlook for the current year, the winter- wheat yield will be a little better than that of last year, and the spring-wheat crop promises to be decidedly better. On the other hand, supplies and stocks are smaller than a year ago, the Produce Exchange re­porting a visible supply of only 16,609,000 bushels on .Inly 10 1897, against 47,220,000 bushels at the eorre- sjHjnding date of the preceding year. There can be no doubt that the world will be ublo to take all the wheat we shall havo to spare. India, Aus­tralia and Argentina are none of them in con­dition to furnish their customary supplies. In ad­dition the accounts from the Danubian Provinces, which are important contributors in supplying Europe’s food wants, have latterly been quite unfavorable, it being reported that rains and inundations had dam­aged the various crops from 20 to 40 percent. Besides this the French wheat crop is expected to prove de­ficient. though in this case the accounts are rather conflicting.

The indications thus point to a better range of values for wheat the present year. The shipments also, we have seen, are likely to be large. Further­more, the promise is for another year of full exports of corn, oats, rye and barley. Altogether, according to present indications the breadstuffs exports the current year seem likely to play as prominent a part in our foreign trade as they did in the year just closed. We annex the record of the breadstuffs ex­ports, both in quantity and value, for the last twenty four years.

T H E C H R O N I C L E , fVoL, LXV,92VALUES OF EXPORTS.

Fiscal Year ended

June 80.

Total Tot. W heat1 IVTlfaf. u'fcral Wheat A Com. Com

j Flour. Flour. A Flour.

t * » t $1874 ...............1875 ...............1878.........1877 ...............1878 ...............1879 ...............1880 ...............1881.........1883.........1883 ..............................1884 ...............1885 ...............1888.........1887 ...............1888 ...............1889 ...............1890 ...............1891 .........1802.........1898.........894 ...............895 ...............1896..........

I 897*.......

,101,421.459j59,607,863 68.382.899j

, 47,136,562 96,872.0161

.180,701.070j

. j l90,M0,305j

. 1167,098 A85‘

.lll2,C~. ,«i8j

. 1119,879,341L

. 75.026.078

. 50,202.715

29,258,094 130,679,663 23.712.440' 83,320.303 24,438,470! 92,810,309 21,668,947 , 08,799,609, 25,096,721 121,967,737 29,507,713 100,268,792! 35,333.197 225,879,602; 45,047,257 212,745,71236.376.055 149,304,773 54 .S24.450 174.703,800 51.139,690 126,106,374 52,140,330 125.079,433;38.442.056 88,705,670

Total all Br'dstuffs.

90,716,481 51,050,082 142,006.50356^41y4C8 54,777.710 111,019.17841,052,701 45,896,485 86,910,18045,876,000 57,030,168 102,312.074I51,420,272 54,706,016 100,125,888

101.399.13 J 75.362.28 i 230,76141593.534,570 75,404.347 109,029,31769,407,041 09,271,770 12- ,078,81143,805.063 51,651.028 95,157,69 ij39,709.808 52,035.217 91,735,OSS |59.920,1741 55.903.458 116.823.032

24,769.951 24,460.937 33.265,280 41,621,245 48.030.358 40,055,120 53.298,217 50,702,669 28.845,830 27,756.082 27,048,044 28,003,863 31,730,922 19,347.361 13,355,950 32*982.277 42,658,016 17,052.<$871 41.590,430 2 4.597,51l' 80,211,154 14,050,707 37,836,802 54.083.34w

107,777,240 111.458.265 126,081,640 131,181,555 110,420,75-l| 117,806,476 169,908,095 181,777,841 200,923,912 210,355,528 270,177,749 288,036.835 203,448,411 270,332.519 178.150,603' 182,670,528 '202,459,882'208.040,850 1153.814,418 162,544,715 153.083,296 100,370,821

! 120,436,5921125,816,558 102,018,9241105.768,662 124,375,128 127,191,687 110,931,463'123,876,061 j 144,970,089 154,925,927 123,778,575 128.121,656 278,351,876 299,363.117 103,616,828 200,312.054 158,889,9051160,777,229 110,106.3581114,604,780 129,571,947] 141,350,993 169.900.981 197,417,408

QUANTITIES EXPORTED.

tB A ev ssrUi Year ended

June 30.Wheat.

Av'geper

bush.Flour.

Av'oeperbbl.

Tot. Wheat and Flour.

Corn.Av’ge

perbush.

Bush. » Bbls. 1 Bush. Bush. *874.................... 71,039.928 1*428 4.094,094 7-140 89,463.351 34,434,000 •719

1875.................... 53,047,177 1*124 3,973,128 6-001 70,926,253 2S,858,420 •8471870.................... 55,073,122 1-242 3,935.512 0-208 72.7S2.920 49,493,572 •6721877.................... 40,325,011 1169 3,343,665 6-479 55,372,104 70,800,983 *5871878.................... 72.404.901 1-338 3,917.333 6-358 90,167,959 85,401,098 •5021879.................. 122,353,900 1-068 5,029,714 5252 147,687,649 86,296,252 •471880.................... 153,252,795 1-243 0,011,419 5-878 180.804,180 98,109,877 *543

1881.................... 150,505.477 1*118 7,945,786 5-060 186,321.514 91,908,175 •5521882.................... 95.271,802 1-185 5,915,686 0-149 121,892,389 43,184,915 •0081883.................... 106.385.828 1-127 9,205,661 5950 147,811,316 40,580.825 •084834.................... 70,349,012 1-006 9,152,260 5-588 111,534,182 45,247,490 •611

l a s s .................. 84,053,714 0-862 10,648,145 4-897 132,570,366 51,834,410 •5401886.................... 57.750,209 0-870 8.179,241 4-700 04,565,703 03,055,433 •4981887.................... 101.971,949 0-890 11,518,449 4-510 153,804,960 40,307,252 -4801888.................... 65,789,261 0*853 11,908,574 4-579 119,025,344 24,278,417 •5501889.................... 40.414.129 0-897 0.374,803 4-832 88,600,743 09,592,929 •4741890.................. 54,387,707 0*832 12,231,711 4-063 109,430,40* 101,973,717 •4181891.................... 55,131,948 0-033 11,344,304 4-822 106,181,310 30,768,213 *5741802 ................... 157,280,351 1-020 15,196,769 4-959 225.605.Mli 75,451,849 •5511893.................... 117.121,109 0-709 10.620,330 4-542 191,912,631 46,037,274 ■5341894.................... 88,415,230 0*672 16,859,533 4-10W 104,233,119 05,324,841 •4021895 ................. 70,102,704 0-576 15,268,892 3*383 144,714,14H 27,691,137 •5291890 ................. 60,e50,080 0-055 14.020,804 3-55b 126,443,968 99,992,83 j *3781897*................. 79,520,012 0 753 14.500.825 3 839 14 \ 0 ' 6,724 170,905.^94 *300

* Figures for 1897 are subject to slight corrections.

T H E F O R E I G N T R A D E O F I N D I A I N 18 96 -7 .\

AMERICAN VERSUS RUSSIAN PETROLEUM—INDIAN WHEAT—COTTON GOODS, IMPORTS

[AND EXPORTS.^Manchester, July 3.

Within the last few days I have received from Cal­cutta the official statistics of the external sea-borne trade of India during the year ended March 31 1897. Those referring to the much less important trade car­ried on over the long land boundaries, north and east of India, will be published later on.

In order to obtain a proper comparison of the aggre­gate amount of imports and exports of the past year with those of previous ones, it is desirable to take the figures as far back as 1889-90, because in the interval two great causes of disturbance have arisen—the clos­ing of the Indian mints to the coinage of silver on June 26 1893, and the re-imposition and subsequent re-arrangement of the import duties in 1894 and 1895. The values are given in rupees, but it is convenient, at least in a summary view of the whole trade, to state them iu tens of rupees. At the old par of exchange this denomination (Rx.) now commonly used was equivalent to the £ sterling, but at the current rate of exchange it is equal to only 12s. 4d., or almost ex­actly 3£ dollars.

Stated in Rx. and omitting the last three figures, the imports and exports of merchandise, gold and sil­ver in each of the last eight years, and the total for each year are shown in the annexed table. It should be explained that the imports made by the Indian Government are not included. They consist of mili­tary and other stores which, it is thought, can be most advantageously supplied by the India Office in Lon­don. As a rule, however, the Indian Government purchases such commodities as it requires in India, whether they are imported or produced in the country. The Government imports do not vary very greatly from an average of Rx. 3,500,000 per annum ; hut of course this amount must be added to the ordinary im­ports in any attempt to ascertain the “ balance of trade.”

Merchandise. Gold. Silver. Total.Imports— Rx. Rx. Rx. Rx.

1889-90...... .. 66,560,000 5,071,000 12,388,000 84,019,0001890-91...... .. 69,035,000 6,501,000 15,419,000 90,955,0001891-92...... .. 66,587,000 4,119,000 10,604,000 81,310,0001892-93...... .. 62,605,000 1,782,000 15,228,000 79,615,000i 893-94...... .. 73,957,000 3,147,000 15,279,000 92,383,0001894-95...... ' .. 70,167,000 1,756,000 7,803,000 79,736,0001895-96...... .. 69,316,000 5,029,000 8,330,000 82,675,0001896-97...... .. 71,954,000 4,491,000 8,584,000 85,029,000

Exports— 1889-90...... ..103,397,000 456,000 1,386,000 105,239,00 01890-91...... ..100,136,000 865,000 1,207,000 102,208,0001891-92...... ..108,036,000 1,705,000 1,433,000 111,179,0001892-93...... ..106,536,000 4,594,000 2,335,000 113,465,0001893-94...... -.106,448,000 2,505,000 1,519,000 110,472,0001894-95...... ..108,815,000 6,730,000 1,428,000 116,973,0001895-96...... ..114,263,000 2,503,000 1,729,000 118,495,0001896-97...... ..103,914,000 2,200,000 2,726,000 108,840,000

Perhaps the most striking conclusion to which these figures seem to point is that the inveterate power or disposition of India to absorb the precious metals has been very seriously weakened during the last three or four years. A summary of the figures of imports and exports of gold and silver here presented gives the following results, comparing the particulars of the first and the last four years with each other.

Gold.Years 1889-90 to 1892-93— Ttx.

Imports...........................................................17,473,000Exports.......................................................... 7,620,000

Silver.Rx.

53,63i,000 6,366,000

Excess or imports.............Total excess of imports...

Tears 1893-94 to 1896-97—Imports....................................Exports.....................................

. 9,853,000 47,273,000.................................. 57,126,000

. 14,423,000 39,996,00 0.13,938,000 7,402,000

Excess of imports................................ 485,000 32,594,000Total excess of imports........................................................ 33,079,000It thus appears that India took from the world’s

supply of the precious metals in the first four years R x . 57,126,000, and in the last four only Rx. 33,079,000. The difference is Rx. 24,047,000, or about $80,156,000 —more than $20,000,000 per annum. Still, even last year she absorbed of gold Rx. 2,291,000 and of silver Rx. 5,858,000, making altogether Rx. 8,149,000, or about $27,163,000.

Clearly enough, however, India has during the last four years taken no large quantity from the world’s supply of gold beyond the absorption of her own pro­duction, which is considerable. Yet she has contin­ued, notwithstanding the closure of the mints, to de­mand silver, of which she produces an inappreciable quantity, though in much diminished amount. It must he noticed, though, that during the famine the holders of silver ornaments and other forms in which the natives are accustomed to store their wealth have been much disappointed by the reduced number of rupees obtained for them in consequence of the closure of the mints, and it may be confidently anticipated that the net imports of silver into. India during the current year will show a considerable falling off.I Communloated by our Speolal Correspondent at Manchester.

July 17, 1897.] T H E C H R O N IC L E . 93

India continues to import, almost steadily, an in­creasing amount of petroleum, or as it is called in the official returns “ kerosine.” The American product is, however, steadily yielding to that of Russia. In 1893-4 a large speculative import from the United States created excessive stocks and prices fell consid­erably. After these were worked off the demand set in again with considerable force and prices rose. In the subsequent revival of the trade the Russian oil came especially into favor because of its cheapness, and it has now largely supplanted the American product, as the following statistics of the imports during the last three years conclusively show.

IMPOSTS OF KEEOMXE 011-1894-5. 1895-6. 1896-7.

Gallant. Gallant. Gallant.United States........................... 23.57S.631 22.493,638 18,201.557Russia........................................ 26.612.718 39,875,692 42.676,180Other countries....................... 173,275 943.092 4.285,516

Total.................................... 50.364,624 63,312,422 65,163.253The exports of wheat from India during 1896-7

were of course very small, owing mainly to the scanty production of the spring harvest of this and last year, wheat being in India mainly a winter-grown crop. But the falling off was partly due to the failure of the summer-grown crops of other grains in 1896, and the consequent necessity of using other kinds of indigenous food, where included, as substitutes for the summer-grown millets and other grain.

The following table gives the quantity of wheat ex­ported from India in each of the last eight years :

Exporrt or wheat. out. I CVtt

1869-90........................ 13.79o.224 ; 1893 94.......................... 12.156,5511890- 91..................... 14,320.496 1894-96............................. 6.8-7.7911891- 92..................... 30.303.425 ! 1895-96.......................... 10,002.9121892- 03.....................14,973,453 1696-9'............................. 1,910.553

It cannot for a moment be supposed that India, as a source of wheat supply for the rest of the world, is ah jut to be extinguished. On the contrary, with the return of favorable seasons, it may be anticipated with confidence that the countless number of wells and reservoirs which have been constructed or repaired during the last twelve months in the Northwest Provinces, the Punjanb and other parts of the north­ern part of the Dependency, embracing substantially the whole wheat-producing area, will go far toward ensuring in the future with a normal rainfall a much larger supply for export than that of the past vear.

The imports of cotton piece goods into India during the last three years have been greatly influenced by the changes in the import duty. The quantities im­ported, in yards, since 1889 are shown in tho annexed table.

no-oKTs o r co rro s piece oood*.Gray, JlUarJud, Calortd, Tola! o f PirrtYard i Tarda. Tarda, Gooda.Ynrrla

1889-00........1,257,901.000 339.098.000 400,949,000 1,997,018.0001990-91....... 1,280,540,000 373,149,000 360,335.000 2,011.024.0001691-02....... 1,173.176.000 301.393,000 348,117,000 1.892.699.0001892- 93.... 1.092,594,000 376,359,000 339,111,000 1.809.954.0001893- 94....1,311,039.000 393,130,000 422.320.000 2.129.488.0001891-95........1,352,271.000 497.332,000 408.072.000 2,257,675,00099596........1,066.146 000 333,754.000 311,679,000 1,714,879.000

1896-97........1.222,900.000 414.154.000 359.926,000 1,996,980.000The imports in 1894-5 were excessive, owing mainly

to antici|iation8 that the exemption of cotton fabrics from the 5 per cent import duty imposed in March 1894 on many other commodities would not be long continued. In December of that year the duty was extended to cotton goods, and of course the imports fell off. Subsequently, however, owing to a reduction of tbe duty to 3§ per cent and an imposition of an ex­cise duty of like amount upon piece goods produced in the Indian mills, the imports increased. There is, nevertheless, no indication in the returns just received

of an increase in the Indian consumption of imported cotton goods. This may be, and doubtless is, at­tributable to some extent to the famine and the plague which has afflicted Western India. Mainly, however, it must be ascribed to the scarcity of money consequent upon the closing of the mints, and the enlarged requirements of currency due to the advance in the prices of food grains throughout the country. At present the demand in Manchester for cotton goods for India, though somewhat more active than it was a month ago, is still far from being of normal amount, and a good many looms usually engaged in producing for India are still idle.

A N A T I O N A L S E A S I D E S A N I T A R I U M I N C H A R L E S T O N H A R B O R .

The people of South Carolina are engaged in a movement that deserves to succeed. They are seeking to have the National Government establish a sanita­rium at Castle Pinckney, in Charleston Harbor, South Carolina, for the use of disabled officers and enlisted men of the regular and volunteer army and navy of the United States.

The project is in every way meritorious, and must appeal both to the patriotic and humanitarian senti­ments of the people of the whole nation. In the first place the site proposed is excellently suited for such a purpose. In the second place there seems need for such a home in the South proper, Hampton, Va. being the nearest point at present providing anything of the kind. In the third place, such an undertaking would go far to remove the last vestige of sectional feeling and animosity between the North and South. It has been well said that no more appropriate spot could have been selected than the point where Major Robert Anderson, the gallant Union officer of 1861, first drew his sword in defense of his country; for Castle Pinckney, the proposed site, stands within the shadow of Fort Sumter. If the proposition to com­memorate this important event in this way had come from the people of the North, possibly it might be con­sidered offensive to Southern pride. But it originated with the people of the South, and it is they who are so enthusiastic and zealous in its behalf. They are advocating it, too, on the distinct ground that it would be a monument to the heroic Anderson and promote conciliation and reconciliation between the North and South.

The movement was started only a short time ago. but already has made great prog­ress. A bill providing for the establishment of the Sanitarium has been introduced in both Houses of Congress. Accompanying the bill was a petition which shows better than anything else how unanimous is sentiment in South Carolina iii favor of the project. The petition was signed by the Governor of South Carolina and all the State officers, by the members of the State Supreme Court, the Judges of the United States Courts, the Mayor and ex-Mayors of Charles­ton, the Roman Catholic Bishop of Charleston, the Episcopal Bishop and the Methodist Bishop of South Carolina, the president of the Cincinnati Society of South Carolina, the pastors of all the churches in Charleston, the presidents of all tho banks in the city, tho presidents and managers of the railroad com­panies, the editors of the newspapers, the presidents of the commercial bodies, the officers of the local mil­itary establishments, the General commanding the South Carolina Division of the United Confederate

T H E C H R O N IC L E [V'ot. uxv.5HVeterans, the commandants of the several local camps of Confederate Veterans, the local post of the Grand Army of the Republic, and various other persons of influence and prominence in Charleston and South Carolina. Since then the proposal has received the endorsement of the Department of Georgia G. A. R. and other bodies, and there seems no doubt that it will receive the approval of the Grand Army Encamp­ment at Buffalo the latter part of August.

The project is conceived in 3uch a lofty spirit, is so benign in purpose, so beneficent and benevolent in its aim. that absolutely nothing can be urged against it. Wo suppose it would be expecting too much to ask Congress to give consideration to a measure of this kind at the present extra session, but at the regular sessiou nothing should stand in the way of its enact­ment. The prime mover in the undertaking has been Col. A. C. Kaufman of Charleston, and he deserves great credit for his untiring efforts and the unselfish way in which he is seeking to make the movement a success. It has been suggested by the Grand Army post at Charleston that the proposed home be known as “ The Major Robert Anderson Sanitarium for the United States Army and Navy.” The suggestion is an excellent one, and is in keeping with the character and purpose of the movement. By all means let Con­gress take early occasion to provide for the transfor­mation of Castle Pinckney into a sanitarium as pro­posed, thus giving effect to the wishes of both Con­federate and Union veterans.

R A I L R O A D N E T E A R N I N G S F O R M A Y .

Our compilation of the gross and net earnings of United States railroads for the month of May makes on the whole a very satisfactory showing. In the gross the increase is §1,904,504, or 3‘22 per cent; in the net the result is even better (reflecting in this the con­tinued practice of economy in the expense accounts), the increase reaching $2,261,697, or 14-93 per cent. The comparison is the best of any month this year. In part this is due to the large and free movement of grain, in part it follows from the fact that we are com­paring with results last year which were not as good as in the months preceding. . Unfortunately the re­turns which have come in since the close of May do not permit us to indulge the hope of any sustained or general improvement as yet. The following are the totals for May and the five months.

May.(186 roads. )

January 1 to May 31 (131 roads, i

1897. 1896. Inc. or Dec. 1897. 1896. Inc orDee.

Gross earn’s Oper. exp ...

N etea rn ’g

t61,077.156 48.607.10317,410 847

459 172.952 44,024,302

1-+1,904,504

-857.193

?296,378.361204.133,921

*287.C00.69U209,362.217

*—822,338

-5.228,2v6+4,605,9?8ln.14S.650 4 2.261.697 82,24 4.440 77,638,482

We have stated that comparison is with a month in 1896 which did not show particularly good results. This is evident from the fact that the gain in the gross then was but $271,001, or only about one-half of one per cent, while in the net there was actually a loss of $1,106,871, or 7-13 per cent. The following carries the comparisons back for a series of years.F«ar and nu'i.ber

o f road*.

Qrnsa E/i minus S it klt'llilljalen t

Given.Vent

Dre-tiUim1 Hr reuse or.

Decrease jYear

Given.Year

Preceding.Increas- ;.r

DecreaseMay.

189 2 (131 .1893 1131 1991 (141* 1495 (132* 1396 (125) 1907 a 35)

e0 /0 i,59 i 65,018.71: 4 9.226.912 53.511,262 53.754.704 61.077.456

*58,377.793 60.314.9 >2 61,182,74 . 50.051 3 '8 53.483.713 59.172.952

1+2,123.793! +4 7 3.7*5

—11,935,834 +8.476.87*'

+27 *,001 4-1,804.504

*17.239.00019,278.12712.253.18715.700.68014,400.62517.410.347

118,122,79410,097.98118.51 8.5612.890.71515,513.49615,148.050

1-833.785

+ 2 5*0,143 —6,253.373 +2.809,965 -1,100,871 +2.-261,697

Fear and number of roads.

Gross Earnings.

YearGiven.

Jan. 1 to I $May 31. I

18U2 UU i 29B.69fl.OW IS9.9 (1211 2*9, n3,1,'9t8P4 (140 240.9.17.18°1895 (1271 262.130,752 1898 (122 264.200.2*3 1897 (131lla-6.iyM.34t

YearPreceding

279.584.5T 28 ’.893,6 1 288.501,0 8 243.908,09'> <553.1^2,130 247.000, flGU

Increase or Decrease.

4-19,995,492 +8,819.48'

—47,623,2*4 +8,222.65

+11,038.153 —622.331

Net Earnings

Year Fear Increase or0 Iren. Preceding Decrease.

f * f

85,042,483 81.371,8 S +3,371.22582,357,120 82.6S3.429 —326,30?63,243.443 79,506.703 —10.203,260

; 70,785,530 64.72l.4Pl +8,064,0*91 74,193.671 71,212.42 +2,’.'81,244' 82.244,440 77.838,418 +4,808.068

As indicating the generally favorable character of the showing for May, we may say that when ar­ranged in groups only two of the nine groups record a loss in gross and only one of the groups a loss in net. The anthracite coal group is the one showing a loss in both gross and net, while the Trunk Line group has a loss in gross with an increase in net. Among the sep­arate roads there are few with large decreases outside of those in the Middle and Middle Western States, in­cluding the anthracite coal roads—the sections where manufacturing industries abound—while on the other hand the gains for large amounts come from nearly all sections of the country. In the gross the Reading, with the .Coal & Iron Company, has fallen $351,948 be­hind, the Pennsylvania $303,900 behind, the Lehigh Valley with the Goal Company $194,270 behind, while the Colorado Midland has lost $68,874, the Wisconsin Central $56,478, the Norfolk & Western $42,367, the Chicago & Grand Trunk $37,862, the Western New York & Pennsylvania $35,400, the Wabash $33,969 and the Denver & Rio Grande $33,643. It will be ob­served that the roads here enumerated come mostly from the territory referred to, hut that in addi­tion the Colorado roads are rather prominent in the list. In the net the Reading with $92,858 decrease, the Colorado Midland with $42,088 decrease and the Western New York & Pennsylvania with $41,134 de­crease, are the only ones that have fallen behind as much as $30,000, besides the Baltimore & Ohio, which, with $20,942 increase in gross, has $85,907 decrease in net. The fact that the number of losses in the net is so much smaller than the number in thegross indicates the extent to which reductions in theexpense accounts operated as offsets to the losses in gross. The Wabash is a conspicuous instance of this type of roads, its loss of $33,969 in gross having been attended by a reduction of $122,251 in expenses, thus producing a gain of $88,282 in thenet. Following is a full list of all gains and also all losses in excess of $30,000 :

PRINCIPAL CHANGES IN G R O S S EARNINGS IN M A Y .In c r e a s e s .

Chic. Burl. & Q ilncy... $354,443Mexican Central.......... 294,490Souiliern Pacific........... 265,283

anadian Pncinc........ 255.426Arch. Top. & S. Fe........ 238,090Uni «n Pacific................ 197,161Illinois Central............. 190 320Kan. C Pitts. & Gulf... 126.954Mexican National........ 110.9368outh-*rn Railway 109,84 4Chic. Mil. <fcSt. Paul ... 101,720Louisv. & Nashville___ 82,021Erie ....................... 78,115St. Louis & an Fran... 57,034Nashv. Chat. & 8t L . 51,534Kau. Cit.v Ft 8. & Mem. 48,612Oregon Short i ine........ 37,742St. Jos & G ’dIslaud.. 36,967

D e c r e a s e s .Phil. & Read, and .& I. $351,948Pennsylvania................ 303,900L.Val. RR.and L.V. Coal 194.270Colorado Midland......... 63.874Wisconsin Central....... 56,478Norfolk & Veatern. .. 4 '.367

hie. & G and Trunk.. 37,*62West V. Y. & Penn . . . . 35,400W a b a s h .................. 3 3 ,9 6 9Denver <fe Rio Grande.. 33,64 3

Total (representing 16roads)........ ...$1,153,711

Total (representing 25 roads)...............$2,636,691

PRINCIPAL CHANGES IN N E T EARNINGS IN M A Y .\ m rtjases.

Southern Pac’tic........... $291,309Chie. R ul & Q iiucy ... 209,509Canadi n Pacflo......... 188.080Illinois ContraL __ 175,779Chic Mil & St. Paul... 118,496Pennsylvania. ............. 1 >,7<>oWabash ...................... 89,282Mexioan National........ 76,622Southern Rai.way ...... 73,610Oregon Short L in e___ 65.078Louisv & Nashv............ 64,245Union Pacific............... 58,272Grand Trunk.......... ... 5«.^63Kan. C. Pitts <fc G ulf... 56.178Pbil. Wllm & Balt __ 5 2,500Cin. N. O. & Tex. Pac.. 49,370

I a c r e a s e s .N o r fo lk & W e s te rn ___ $ 1 7 ,3 3 0Oregon Iiupvt Co 41,712Nashv. 'i i t t & Sc L . 4 ',881Sc. Louis oc Sau Fran... 35.529

Total (representing 3 i roads)_______ .$1,902,745

D e c re a se s .Phil & Read a-idO.&I $9 2,858Btlmiore Ohio........ 85.907Colorado Midland ...... 42,“ 88West. N. Y. & Penn...... 41.134

Total (representing 5 roads)................ $261,937

JtTLT 17, 1897. J THE CHRONICLE. 95T h e in crea ses , it w ill b e seen , are w id e ly d is t r ib ­

u te d . A m o n g th e m o re c o n s p ic u o u s on e s w e m ay m e n tio n th e B u r lin g to n & Q u in c y , w ith $ 3 5 4 ,4 4 3 g a in in g ro ss a n d $ 2 0 9 ,5 0 9 g a in in n e t ; th e M e x ic a n C en tra l w ith $ 2 9 4 ,4 9 0 g a in in g ross , b u t o n ly $ 2 1 ,8 3 0 g a in in n e t ; th e S o u th e r n P a c if ic w ith $ 2 0 5 ,2 8 3 g a in in g ross a n d $ 2 9 1 ,3 0 9 g a in in n e t ; th e C a n a d ia n P a c if ic w ith $ 2 5 5 ,4 3 6 . g a in in g ross a n d $ 1 8 8 ,0 8 0 g a in in n e t : th e I l l in o is C e n tra l w ith $ 1 9 0 ,3 2 0 g a in in g ro ss a n d $ 1 7 5 ,- 779 g a in in n e t ; th e U n io n P a c if ic w ith $197 ,1 0 1 g a in in g ro ss a n d $ 5 8 ,2 7 2 g a in in n e t ; th e M e x ic a u N a tio n a l w ith $ 1 1 0 ,9 3 0 g a in in g ross a n d $ 7 0 ,8 2 2 g a in in n e t ; th e S o u th e r n R a ilw a y w ith $ 1 0 9 ,8 4 3 g a in in g ro ss a n d $ 7 3 ,0 1 0 g a in in n e t , a n d th e M ilw a u k e e & S t. Paul w ith $ 1 0 1 ,7 2 0 g a in in g ross a n d $118 ,4 9 6 g a in in n et. T h e A t c h is o n , w ith $ 2 3 8 ,0 9 0 in crea se in g ro s s , has $ 1 7 ,3 8 9 d e cre a se in n e t.

A s it h a p p en s, th e ra tios o f g a in in th e n e t f o r th e d if fe r e n t g r o u p s are in n early a ll ca ses q u ite h eav y . T h u s fo r th e M id d le W e ste rn g r o u p th e in cre a se is 2 2 -49 p e r c e n t , fo r th e N o r th w e s te r n g r o u p 21-85 p e r c e n t , f o r th e P a c if ic g r o u p 3 6 -9 0 p e r c e n t , fo r th e S o u th e r n 21-85 p e r c e n t , f o r th e M e x ica n 13-97 p e r c e n t , an d fo r th e S o u th w e ste rn 1 1 -0 0 p e r ce n t . In th e N o r th w e s te r n g r o u p o n ly 1 o u t o f 9 roa d s has su sta in e d a c o n tr a c t io n o f its n e t re v e n u e s , in thS o u th w e ste rn o n ly 4 o u t o f 10, in th e S o u th e r n 10 ou o f 36 an d in th e P a c if ic g r o u p o n ly 1 o u t o f 17.

m m s t ir »* oaoci-s.

B arrios oa O roa a £wnm$t. S a t A i nm iu .G aocp . IflWT. U N . i m n . ism . I n c . a * H a t

M«|». t 1 • 1 1 P. CTrunk t1u«uaU lisM M iP l«.77«*.4Br» 4.ran *77 I.M7.II* 7-WM.4AI 41BAntftnb. caul.>9 ?.A»7,I»3 7,**1,P2» LUV.UOI —» W !i■»#•- A Mm <13 X A 1 4 .Z 2 4#7sM» 541MM. W gstlu !► 9 .(6 8 3 + » I M * + m ,» t t 4*■ortbwmc'B.t* 6 M B.OCM.F2 { 11 t*•oa*.bi*Mt,n.iir i . W L i t i 0 .0 .1 0 i i.rt-.&fl- I.IMsA** A 171.704 H «PftdflcfV>«#|(|? t41VUM *,lv7.7(** S J R flR S.564I12 yk OSoatlMtni ...ire 7 .M S U 1.177.«Ai U A 'A P + .1S#L» S ' 2 *4-04Musioftn..-. (4 1 /flM N LS»>4J#7 414.41* AM.I4I UV7

Tot.. fU ir tJ# nu.KT.I&C A*LlT«.f»Vi U M f M - l4.I4fl.»JJ. Tlijdt.flOT le wJ a n . 1 Cft M ty 51Trunk IId m .iISi 7fl.bb.ixif B0.7Nb.V( 2i.rn .tJ- JO, TVS..* - i 6iAnthris. a itt . t » S7JAX9*sl 7,151.4 i 7,<HA.7Ur» ♦ m.Bbv 1*44■ft#.*. A MldUl It ?.4*SfiiO 7.471MI7 ?U»A. 40 l,«*48 N4 - • 841M<d. w««*nj is l C t t l t l 1A.7IJM9 ' i^ u .b k M M .M I * * m id" 9 45■ortAu»«t'ft » XI. 145 12. SI.#11. Ilf + 0I* o r fl+4ioatii«r«#t’u< U 22.4*w,5$7j «,01»*Ma7 4»SDJ.t»» I'MPftet 8«* f*oftatt 17 • U'flM.i ti 14.117 2V I f.777.741 * W 1 (86»atb«*-r.. »A' 3D. <*#.?(9 II,»7I»«At I0,f®2 M* ♦’L0»SO*#1 9 L * lM a x i c m t i .......44 > \ i 9 4 s m t . * * ‘M *1 rCO'sDbH X7'4I

T ot.IU IrM # T**MT8Artl 2<7j04O,m>ip flfJCA4.44* 77 4Afl 4# *wsf o l io * m * i t » iUt o f lb# r o t d i in e iu d id u odor n o q crou p :

fnm* hfui.B$Ulmor« A f h u » . cut*. « in. Cftie. A. 8t. L.

AIn$Orstid Trunk.

Cate, k (M Trunk fM%. tid. I fa*, k MU.

PUOlMf I*. K*x< o f r , $ E o f k Krlu.iPhiladoipbift k Krt«.

Pfcuo. O b. f 'tt . k M . L. Put*. YV>ait«s. k A aft f tb u h

ObmlC»ntrmi "f Smw Lohlffti Y#I|*y lift. IVulksy Com Co.* R . Y Om*rt. A Wm i W. Y. A W o t.

M ftoidlai,Cttii k lrt»n

jltm utt HfftCfftvm rod a M id d le .Adfr'm.t*. *.

AiiusUAOf Vallot.Bath A HsRmi'indspart-* Korn • Pitta Buflklo k ^iM n«bsnnA CsAM rlsod Vaiisf,Phil. H#*d k S e w Ku Phil Ulim. « B«i( t

Cl. k *tm M t , Want J* «« a ****9b‘ * Y m run*

York & o lbo 'n .Chic. A w « r Mien0#t. CJd. Hop A pairr.lt A M*4k'n«4t. fHnt A Uarq.prand a f n<3.llllnoi* * antrmi Indiana llltnofs A 1 own. Iron Hallway Kanawda A M lo k lm .

Aftd.il* IfcAini —4 ),(a t* Kr»a a h . $ Aosta. U l « Kri# A Waal.Put* L4ao>«o a W m t . PiftAbunr A W#w»*rn S o a t o l i * r « n A E w u r o . Pnifdo A d u n i m airm . T t u . Paorta A W .

.Vorthwolrfn.B a r i . r#.iar »Ut< a Nor. i > o , Bart, a s j m n a r n *> e . hill A UN Pan' Chicago A Vnrth. Pad. !»** dolna* M. A d , |..w* f lin iii Mtr»n. A eML Lmuu.Bln a. flt. p*«i A H. >t. M WNuoaum c«otrsi.Ark«n«*« Midland AMP*. Tn«. A ^anta f kCUoa. Ok la. AOuif.

otorudo Mid I And. Crystal.•»#«»« % Riodr.Korea a {fprlrur*.Ft. Hrorto iT lti) , city, dan Pt. 4. A MAm K «r,.C Pin*. A H|t» rand* Bn'*ta#fi.9t Jnmph k fM 1*1 nd. #* boon A Ha«> Fr «n. San Ant. A Aran. Pm * fin. Pac. IfcsriT a tiulf. W«c-* A 5f>»'w«M4ar«<,Atlantic A P**M8c.*>» t .dtan PveiBc.S a r a la OftUtfat. Uor$n«r*. P«n8c. OfUna laprnfflm w t, Or«$f *n ttioit Mr.*.Hin Orand- Wa*t*rn. nan. Tran. A North. Pa# So, PtOKlc.-

(*•>. liar, % H. a .Lou to. Waatarn. Korean ■ Ia . A T.

PusiMc r G W ) .So. PftC.—iO*ft 1—

0. r r»a A Mas Tata# A Naw urlssa*. Pacific iv it s *

Onion PwriSe— fj. P. By. Cantrmi flranon. Ac.

Afeh’n COI. A Pac. AnMArrs

AUNttua *2r*a> a ulb‘nA huaa* Midland,A?tan a A Wa* P lot. Allan*to a Uaovilla. IttroiM.rfbarn k Atlantic. Brunawrea a Wa* aru TsnHiiu A to tan. t t Centra* of (ia»n<n, I'hurlMton A Aa*»ijnah. C l - M » e i l s <«. O h io .(3a. N. q a T*«. Pan. MwdAdfu a AU$1* On. flaenrta.O w fifii A Aidkaoi*.*ta. float^ar«* a f i *♦full A Ctunam . nan. i ’ll? Mem. A Bir•IxisMf, Hand. A **t- L. I*»r«ts*llla k tashV.lis Macon A Birmlotf bam.Memphis A (Jh«rlMton. Mobile A lltnninttham.M *t*U« A Ohl-».Maaa. uinw. a at, I* a *N >rfnlk A MTsuturn.

j, O h i o l i i v e r .■hire.

ittoh. Fred. A PoL tiieh % P e te rs o u r<t h*t . Fla. A WfeArerrv SI**. Ape*, ttcaia A Gulf, “umtharu H*ti*ay Weate-ri n t Alabama West Va Cent. A Pitta. Wrwbt**. a Teunlli..

Mej'ftusn H o * tu Mestean Central. M-*ican international. Mexican National.Max lean Northern.

IMPORTS AND E X PO R T S FOR JUNE.The Bureau of Sta istica has issued a detailed statement of

the foreign commerce of the country for the month of June, 1897 and 1896, and for the twelve months ending June 30 in 1896-97 and 1895-96, as follows :

MERCHANDISE.June. 12 mos. end. June 30

196-97.—Exports—Domestio............$72.*66.93iForeign__

fcxeea* o f e xp orts ...................ceesa o f import*.................95-96.—Exports—Dotneat

Foreign...................

1695-96.-

OOLD COIN AMD BULLION.1896-97.—E xports............. ......................... *7.62 3,978

Im ports ............................................. 650,343

ftxeees o f e x p o r ts ....................................... *6 .973 .535Exoeea o f Im p o r ts .................................... .............1895- 96.—Exports............... * 6,915,066

Im ports.............. 8 i7,*i69

Excess o f ex p o r t* .......................... $6 ,077 ,397GOLD IN ORE.

1896- 97.—E xp orts .................................. *130im ports............... 440,640

$L,032,OD8.88018 .9 88 ,2 1 1

$ 1 ,0 5 1 ,9 8 “ 091

.......... 43,672,847$3*1 93 ’ .6 0 1

3 8 h .l t l .3 0 2

........ $S4,826,11 > $76-1,3 3 ,905

$287 ,613 ,186

........$ 6 (,9 2 « ,4 4 7........ 1 .777,424

$867,2011.48719.406,451

$982 ,606 ,938

.......... 31.033 .342$36 *,757.470

409 ,967 .204

$ 77 9 ,’. 24,674

$102 ,^ 82 ,284

Excess of imports . 1895-96- Exports..

Imports.......Excess o f Im ports .

....................... *410 ,510................................. $13 ,470....................... 1 .7 .3 3 7

............................. 0149,967SILVER COIN AND BULLION.

1896-97.—E xp orts----- . . . ......................... #5 ,066 .863Imports.

Excess o f e x p o r ts .....................1895-96.—Ex ports.......................... ....

Im ports ......... .................................

964.-*82

Excess o f e x p o r ts ............ .............. . . . $3,360,119SILVER IN ORE.

1896*97.- E xp orts ....................Im ports . . . . . . . . . . . . . . . . .*,041.013

Excess of imports ............................. . $2."41.0131695-94 -E x p o rts .................................. f ♦s,363

............ .............. 1,599,533E xo

Im ports .

» o f I m p o r t s . .^ . . . . , . . . ........ ... f 1.50 L 1 70

$40 ,112 ,922 81 ,411 ,533

$41 ,298 ,611 $112,309,136

31, 20,487$'*0,586,619

$246,3583,40*2,042

#3,355,194$100,8111,804.578

$1,703,767

461,031,0 6 10,98t»,7*-5

$50,050,301 $59,809,9 6

1*2,9 7, -*5#$ 4 6 ,9 (4 .9 9 8

$915,61219,552,522

*18, 36.8oO $678,714

15.350,223$15 ,180 ,514

I M P O R T 8 A S D E X P O R T S O P 0 0 L I ) A N D S I L V E R A t S A N F R A N C I S C O .

We huv>‘ rec**ivwl thn w,M>k from the Collector of Customs st San Francisco the details of imports and exports of gold and silver through that port for the month of June, and they »re presented below, together with the figures for the pre­c e d in g months, thus completing the resulls for the fiscal year ISifti 97. The imports of gold were small, the amount received reaching only 173,1-42, of which $72,408 was in bullion, and of silver there came in $140,212. of winch $103,313 was bullion. There has been received during i he twelve months a total of $9,572,372 gold and $3.13-t 033 stiver, which compares with $1,(43,' l l gold and $2,039,482 Sliver in 1895-9(1, The shipments of gold during June were $1 8,534 all com, and the exports of silver have b e e n $3JO,3*7 coin and $107,84> bullion For the twelve months the exports of gold have lieen $1 083.943, against $833,334 in 1893 90 an 1 $9,439,133 silver nu* been sent out, against $11,701,419 in 1893 96. The exhibit for Juue and the twelve months is a- follows :

r a n i K T s o r u o t . o * s o s i l v s h a t s a w r K A S C i s c o .

MONTH*.OOLO. SILVER.

Coin. H u U w n t o t a l . C o i n . B u l l i o n . T o t a l

1896-97July.........Autrukt..Bcptcm berf><-r..f»s*rNovem ber.U#Mui)ier.Jftnil«ry .F«hriiftry..MatoIi . ___April........Muy...........

♦ #6 ,72r* 70,680 6 ,23 " 11.O ' 9

2 ,072.409 112,100 2..J?9*28m ^1,441 1 , *<2.!#H4 12% I h 1,946.29 > 13« ,«5 6

7 .980 35,73 1,* 9 " 57,796

31.23* 9I.HM 5,904 80,789 2,430 4 .2 4 1, 3f* 72,403

$79,403 47,3 8

2.184.50 .4 <0,70-*

2,300,09 -.007,9.51

4 1*2 58,0 ’* i

123,18)W2.H-944,6-**2 7 ,442

f19,007

4 ,2«4 1* .*4513.90*2 70,511

127,694A* ,8 93,48*2 3.099

28,* M 33,46o 36,^30

$20-*,231

0. *29 118,01*9 2 3 ? ,o 9 1*2 .029 177.658225.1 * r 100,741 133,0777 ,5 2 7

174.01 1103.51.1

$229.098

01.293 12 V 34 2 JO,941 2* 0,1 0 305,352 2 ‘ 6 044 112.2 3 1.40,906 106.1782 ’7 ,4 7 1140,343

Tot. 12 mos 8.647.601 924.971 9.572,572 369,534 1,768,519 2,138,063

96 THE CHRONICLE. fVoL. LXV.

■ipobts o r oold abd silvks fbom sab fkabcisoo.

MONTHS.GOLD. SILVER.

Coin. Bull'it Total. Coin. Bullion. Total.

1806-97.July.........AUtfUAt.. .

'•or... Nuvnubor. Deceuil»<r January . February.. March....April......

........Juno.......

20?, 10ft 259,315

8,28o 58,036 55,886

215,521 105.252

2,940 6,995

51,390 5,015

106,554

$

1,400150332

675100

2oS,105259,315

9,68058,18655,885

215,853105.252

2,9407.670

51,4905,015

106,554

13?,866 103,291 57,560

187,131 382,835

1,578,550 198,490 391,938 108,616 49,012 36,720

300,387

48?,620 274,371 734,080 267,002 324,980 751,350 512,540 542,910 587,300 372,644 608,100 467,810

$621,486377,662791,640451,133707,815

2,329,900711,030934,848695,916421,656644.620768.227

fot 12 mot* 1.081,288 2,657 1,083,945 3.328,30b 5,930,737 9,459.133

J Xouctavvii ® omraerctal % ugUsfcHeir sLondon, Saturday, July 3, 1897.

[From our own correspondent. 1Although the public jubilee celebrations ended with the

naval review on Saturday last, the city still wears a holiday appearance as before. Day and night the royal and colonial visitors are beiDg entertained in one way or another, and socially the celebrations continue. As a consequence the attendance of merchants is small and business is very re­stricted.

Just for a day or two, owing partly to the scarcity of money and partly to the absence of so many operators, there was a weakness upon the Stock Exchange, but a recovery has quickly come, and, fpeaking generally, there is an exceed­ingly confident and firm tone in all markets. The jubilee celebrations were so universal that it is not odd to find a de­cided falling off in the railway traffic returns this week. No doubt the railway companies, especially the companies hav­ing termini in London, restricted their freight traffic accom­modation ; but it would seem that attention was turned away from business, and trade to a considerable extent was re stricted all over the country.

That, however, was a very temporary circumstance. Never before has the country been more prosperous than it is at present. Lancashire, no doubt, has felt the consequences of the famine in India, and Bradford and Belfast have suffered from the new United States tariff bill. But with a few excep­tions, owing to special causes, the country is fairly busy, wages are high, and everyone is saDguine as regards the future.

The crops are looking exceedingly well, though it appears that in some districts much more damage was done by bail and thunder storms last week than anybody believed at the time. For our climate the heat of Tuesday, Wednesday and Thursday of last week was almost unprecedented, and thun. der storms occurred on Thursday in most parts of the coun­try. In Essex the storm was accompanied by high wind and extraordinary hail stones, described to be as big as hens’ eggs. At all events, over a district of Essex not much short of a hundred square miles unprecedented damage has been done to all kinds of crops. Essex had suffered severely from the long agricultural depression, but signs were appearing of recovery. This unfortunate thunder storm will throw the county back once more, and preparations are being made to give relief to the farmers. With the exception, however, of a few districts damaged in this way, the crops everywhere are looking well.

It is remarkable evidence of the extraordinary prosperity of the country that the revenue returns for the quarter ended with June show an increase over the corresponding period of last year of over £800,000. It will be recollected that the revenue was wonderfully productive last year, and probably some readers will remember that the Chancellor of the Exchequer estimated for the whole twelve months a decline of about a million sterling.

Since the Jubilee celebrations begans carcely any attention has been given here to foreign politics, but the impression remains that the peaoe negotiations will very soon terminate now, and there are signs that the Powers are growing weary of the various devices of the Turkish Government for putting off a decision. As to the settlement of the indemnity, Eng­land and France from the beginning refused to agree to more than four millions sterling. Italy at once supported them, Russia and Austria-Hungary are now ranged with them like­wise, but Germany has suggested, as a compromise, four and a half millions sterling. There seems little doubt, however, that the four millions will be accepted. But the question is

How is the money to be raised If the Powers are willing to guarantee the loan, there will be no difficulty, of course; but if they are not willing, Greece certainly cannot borrow anything like four millions sterling.

No settlement with the Transvaal has yet been arrived at, but everything looks hopeful. The news likewise is good from Australia, where rain continues to fall. And the re­ports from India too are more favorable as the monsoon rains continue.

As already said, business has been greatly restricted for the past couple of weeks and continues so still. There is not much investment goiDg on, nor is there much speculation. The most active market is that for gold shares. There was a decline on Monday, Tuesday and Wednesday, but on Wednes­day afternoon some good crushing reports from the mines led to a recovery.

There is a fair amount of business going on for a holiday time in tbe American department, but it is almost entirely professional, the investing public doing little. There is abso­lutely nothing doing in the international market and British railway stocks have given way.

There has been a rather wild speculation in British railway stocks of all kinds, and prices have been driven up to an ab­surdly high level. Some operators are now taking their profitsand others are beginning to calculate that money will probably rule higher in the second half of the year than in the first, and in any case the working expenses are sure to be arger.

As usually happens at the close of the half-year money has been scarce and in exceedingly strong demand this week, more particularly in the first part of it. The total borrowings from the Bank of England at 2 per cent per annum for seven days have not fallen much short of 6% millions sterling, which is more than the interest on the national debt, which will be paid out of the Bank at tbe beginning of next week. The demand, however, is very temporary and exceedingly little of the money leaves London. Already it is returning and it seems reasonably certain that rates will remain low, at all events during the present month.

The gold demand for the Continent and for Japan has de­cidedly declined, and is not likely to spring up again, at least not until the demand for money for moving the crops makes itself felt in all the great Continental banking centres.

The silver market is weak, and the India Council has not been as successful this week as for some weeks previously in disposing of its drafts. It offered for tender on Wednesday 30 lacs, and the applications amounted to very little over 17 lacs. All the applications were allotted, at Is.2 25 32d. per rupee. It is curious, as illustrating the diffL culty of estimating what the Indian demand will be from week to week, to contrast the applications of last week, when they were over six crores, with those of this week, when they barely exceeded 17 lacs. In other words, they were nearly 40 times as large last week as they were this week. Of course the applications last week were to a large extent fictitious, as every one who. desired to get a good allotment sent in appli­cations for more than he required, and often sent in four or five different applications at different rates.

The sudden change is due partly to the easiDg of the Indian money market and partly to the belief that there will not be a sterling loan in London, at all events for several months, and consequently that the India Council will continue to sell its drafts.

Little importance is attached here to the attacks upon Brit­ish officers in the neighborhood of Bombay and Poona, and the rioting in Calcutta, except, of course, as evidence of local feeling. While the plague raged in Bombay the Gov­ernment was compelled to visit and inspect houses and carry out sanitary regulations. This was regarded by tbe very ignorant aud fanatical portion of the natives as a violation of their caste, and has excited in certain classes much indigna­tion. Fortunately, the more educated, whether Mussulmans or Hindoos, are on the side of tbe Government and are exer­cising their influence to allay native feeling.

As illustrating Oriental ways of looking at such matters it may be worth while here to quote a remark made the other day to the writer by one of the most distinguished of our Indian officials. Some time ago he held a high office in the North West Provinces, and he set going relief works, upon which several native chiefs remonstrated with him, saying : You English are flying in the face of God. It is evidently

JULY 17, 1897,] THE CHRONICLE, 97God's will to thin the population by fam ine and disease, but you , instead o f bow ing to G od’s w ill, fly in his face and try to keep the people alive in spite o f hint. In som e such w ay, no doubt, the m ore ignorant o f the Bom bay and Calcutta natives look upon official attempts to save the people from the plague.

The “ Bail way News” o f London reports the traffic receipts fo r the week ending June 87 o f 55 railw ays o f the United K ingdom w hich make w eekly returns at £1,683,215, against £1.669,2 9 in the corresponding week o f last year, a decrease o f £7,004 F or th« tw enty s is weeks o f the current half- year receipts w ere £41,101.593, an increase o f £1,233,753,

The Bank rate o f d iscount and open m arket rates a t th e ch ie f C ontinental cities have been as fo llow s:

Rate* of Interest at

July 2. Ju ne 25. J une IS. Jime u .

BankMate,

OpenMarket

BankRate

OpenMarket

RinkMate.

OpenMarket

BankRate.

‘OpenMarket

Part*.............. 2 m % 2 IH 2 i%~BerUn_........... 1 SH 3 m 3 2H 3 294Ham bar?...... 3 Vn S 2H 3 m 3 294SYaalcfoft. 3 ■m 3 2 « 3 m fAjQQjtordam.,., 3 2% i 2 8 SH a 2Brasa-eto....*** 3 2 3 2 3 2 3 2Vienna......... . i 3H k M4 4 354 i 33-ia8t. Peters bar?. « m 9 M4 6 SH 6 6HMadrid. ....... £ 8Ooo«s*»ljiuran , 5 5 5 5 «4 ‘ X iU m

The fo llow in g return show s the position o f the E ngland, the Bank rate o f d iscou nt, the price o f & c., com pared w ith the last three years :

1*4*8. -Tula 1.ts»7.

JumW.escalation ------- 28,183.230Psblio depoaiu ... . .. ........... UJ>7X®UOther deeo»!t* .. ............ U.UB.W8

trnm-m £ sees ri tie* ISM8,356Qtoaremmrlitm 8M7M&R of notm and eHn.. .. S3*Utt£73 Coin & ottIHoa, both dep&rtm’t* MjS&l&M Crop, rm&rret to liabilities,. p. e.B«e» rate .per cent,oneols, %U per cent ... .....I!’?#** , ,

Cleanatf lloase rstanu. ... 16d.9u2.000 213,:l«0.000

aori2?>; 2,745 10,775.966 57,72?,701 15.236391m m , m3?. 322.51148,485,256

Jw£|i,m jm sm9,7 68,498

37,881,242 14,481,17724,612.70628324.01837.9S3.838

Bank o f consols,

1804. Jut |4.86,400.85010.P42.16334.918.10413,121.3*8 fl,337.«:86 29 300,50 7 38,901.357

64 7-16 Wy%2 * % 3

m iw 8 m turn It? *3*18 HUMi f $49& mrn.

171,744.000 163,707,000The rates for m on ey have been as fo l lo w s i

Jmm * * u ” lb!

« rm

Open Market MMm*

Bank am .

T h ruMmt'bi

ifrttmt!. i-w i« • 15-16 \ l 11 M"

l-i i-ia .13-16-14' 15-16

I W | Six

IHm

trad* BUI*.

Thru fowr ! S4m !JtaaUu|M<mtA<|

1% it*IH IH•

IH l%Ai% 1***%,U4 1%

I n t e r u t i*Um m 4 f a r d m * u * H

J o in tD u c 't B ’m

m e ek A t 5 ( o Uj B a nk* .~ * r

o m . j D ***.

H l ~H %; HH % %H % HH 3 «

Memm* Pixhsy & Abell w rite m follow s uader date of J u lf l ?

Oold—Th« price bid for recent arrival# 1# hardly *o high m that ruling a week ago, but there l» still au d«fHe«lty to Maori off open aiar- ket BUppli'*.. The Bank 1>m reeelvvd durths the w»«*k AillJ.ow, while Mir,,u •> i a* men taken fo*«*port. Arrival*: Capetown.'a^dt.ouo: A m tl* a , M:ays,, <)«; China, Bptiilutj-, * *,0Ws total, *680,000.

Silver—un :fi?ie'*'o*t covering order* to complete end June del*vcr- Io*. silver again hardened and rvacbcd 27%d. The flrarac*.* did not )*** mu Ilia market ha* alrioo fallen to 57* *t which it clou.- flat. The Indiani iirltc to-4** 1* Kn.76% per KM) Tolob*. Arrivals: New J..rk, i t,OOo: Chill, i 33.000: total, *197,into. Shipment*: To Bom­bay, ill ©5,400.

^oxleao Dollar*,—The n eu tit price o f these coin is now 5C”,d. Shipment* to Penang, 42,400,

The quotations for bullion are reported m fo llow s:

OOI.0.London Standard.

Juts Jmte24

Spanish. r>i*l___ nt.New.. ... . . . . ox.

V .a , g o ld c o i n . . o i , ( I s r a a 'n g d U t c o l a , o xFrench gold coln.o*.i78

0% 76 0% 1*9 76 i% 5*9178 5*9, 3 k 78 '3%:76

T he fo llow in g show s the im ports o f cerea l produce in to he U nited K ingdom during the first forty-three weeks of he season com pared w ith previous sea son s:

IM PO STS.. . 1806-7 1835-8,Importantwhe4t,owt.58,822,35G ‘ ■ 'B arley ...,...................18.813.590r'-v* .........................5 :Fe»a ................. 3,821.045B«anJ...................... . 3,377.8 OIndian corn....... . . . . . 49.4111,940Fleur . . . --------------- 17.136,160

1894-5. 1893-i.58.11.1.510 59,886,298 5 3 .6 W 9 4 19.398.830 21,885.114 20.822,878 11.*' 28,080 12.400.077 10.901.851

2,181,980 1,95,8,9-29 1.999,8942.805,4 2 3.708,152 1,368.851

36.280,170 2 l,s l 1,904 29,889,48518.777.870 16,258,470 10,993,907

Supplies avatlaoie for con su m p tion iexeiu sive o f stocks onSeptem ber 11:

1895-0, 1004-5, 1893-4,56.113.510 5 *,088,298 53,889,99416.777.870 18,25 6.470 15.983,1)87 13,397,090 18.088,288 18,927,015

1806*7Wheat Imported, owt. 58,822.350 Import# nt flour.....,17.158,m o i»te* of home-grown.22,058,73 )

1896-7.Aver.prieewheat,weeS,27a, Od. Average price, season, ,28s. 9d,

1895-6. 1894-5. 1893-4,24s. 10d. 26s. 54. 23s. 11«.258. ia 20g. 84. 25s. 8d,

The fo llow in g show s the quantities o f w heat, flour a n d m aize a float to the U n ited K in gd om :

This week. Last week. 1896. 1895.Wheat..............qrs... 795,000 910.000 1,811,000 3,449,000Floor, equaltoqra... 185,000 155,000 244,000 212,000Maisa............... qra... 420 000 465,000 535,000 483,000

E n g lish F in a n c ia l m a rk e ts— P e r C able .The da ily closing quotations for securities, & c. a t L on don

are reported by cable as fo llow s fo r the w eek ending July 16:

L o n d o n .

Stiver, per ounce.......4,Oonsols., new, 2% p.cts.

For account...............Fr’ch. rentes (In Paris) fr. Atoll. Top. A Santa Fe.

Do do pref,Canadian Pacific........Chesapeake & OMo__Ohio. Milw. * St. Paul Denv. & Rio Qr., pret.,Erie, common.............

1st preferred............JQllr.ols Central.......... .Lake Shore........Louisville & Nashville Mexican Central, 4b . . Mo. Kan * Tex., com. N. Y. Cet.t’1 & Hudson N. Y. Ontario & West’ ll Norfolk & Weat'n, pref. No. Pac. pref., tr. recta.Pennsylvania...............Phlla. A Read., per sh.. Sonth'n Railway, oom..

Preferred.,...............Onion Paolflo................Wahaah. preferred......

Sat, Mon. Tttes. Wed. Thurs.2711] „ 27%

112%279,e

112%27916

112% m i l ? ,i'oi:io

112%04-421*

112ulf04-37^

1121310104-40

112%01-42%‘ 12% 12% 12% 12%24% 2*1% 2514 25%

& 87% 07% 67% 67%a 17% 17% 17% 17=8m 83% 85% 87% 87%s 43% 43% 44 43%S 14% 14 4 14% 14%3

3499 i 18 34%

9934

100O 176% 170% 176% x 174» 51% 50% 51% 61%o 71% 71% 72 71%B 13 13 13% 13%

105 10-1% 105% x 104s 15% 15% 15% 16%9 29 29 29% 29%41% 41% 41% 4254% 54 64% 54%10% 11% 11% 11%% 9 8% 9% 9%

fit 29% 29% 29% 29%H 0% 0 6% 6%a l i 7a 14% 14% 14%

27%112%112%04-47%

12%25%67%17%8743%14%34

100

52%13

10415%29%41%54%11%9%

29%6%

14%

© o m m c T c l a l i w f t r ^ U s c c U i m e o x t s l i l c t D S

Imports and E xpo rts for th e W e e k .—T he fo llow in g ars the im ports at N ew Y o rk for the w eek ending for d ry good s J u ly ? and for the w e e k e n d in g for general m erchandise J uly 9 ; also totals since the beginning o f the first week in January,

FOkktON im p o r t * a t n e w YORK.

Silver.London Standard,

Julyl.

June24.

! d.Bar Oliver, flue...ox. 27%(i B*r*Hver, «mt*in%

do 5 gr». gold .01 281,*: do 4 gm, gold o*. 27%; do 3 gr«. gold.ox. 27 %« «Ak® silver.' . . . .0 /. 29H Mo iIcao dollars c*.!2<i%

d.27*1820) ,8 27% 27 l,« 29% 27%

Total. .96,037.240 80,288.478 94,831,034 88,582,976

For teerk. 1897. 1896. 1895. 1894.Dry good*------Q#ol meFdl»e

T ota l........Since Jan, 1.

Dry good*.......Gcn'J lueFdlM.Total 27 week*

$4,429,3078,372.074

$1,628,9566,550,211 $2,044,741

9,968,367$1,480,9217,308,611

$12,802,281$82,723,3191X4,902,250

$8,171,170 $12,918,111$01,770,102', $76,610,001 187.902.078 194,553,707

$8,795,632$42,652,435180,544,666

$297,585,569 $-249,672,180 $271,163,771 $223,197,101In our r,-p<}rt o f the dry goods trade w ill be found the im ­

ports o f dry goods for one week later.The follow ing is a statement o f the exports (exclusive o f

specie) from the port o f N *w Y ork to foreign ports for the week ending July 13 and from J a n u iry 1 to date :

exports from new ronit FOR THE week.1897. 1890. 1895. 1894.

For tiw -wvA. * Frev. mpo’rt^i,

$0,07:1.195 805,023,180

-------- — ‘ ——*0,871.273

194,179.172$8,510,034

170,738.561$6,298,305

186,743,761Total 27 week* f t 11,696,375 $201,050,445 $177,279,195 8193,042,129

The* fo llow ing tab!" shows the exports and im port* o f specie at the i o n o f N -w Y ork for the week ending July 10 and (since January 1, 1887, and for the corresponding periods in 1686 and 1805:

kxfoni* AND IMPORTS OF SPBCIB AT NEW TORE.

(Wti

Great Britain,......France....................Germany................West Indies.......... .Mexico ................. .South America__All other countries

Total 1807......Total 1896........I t: ; - - ........

Erparts.Week, Stnee Jan. 1.

........ I

9,302

$979,060 11,409,988 10,330,000

407,227 30

157,307750,200

$9,302 $24,354,422 215,762 42,344.473 259,100 34,830,612

Import*.Week.

$13,5222,505

15,4786,101

$37,06625,44515,736

Since Jan. I ,$112,016

101,220,935

74,350364,913170,041

Sitter.

Great Britain..........France.....................Germany................West Indies............M exico....................South America.......Ail other countries.

Export*.Week, Since J an ■ 1

Total 1897. Total 1896. Total 1895.,

9,305444

$803,170 $28,607,075 638,000

5,750 193,223

500 134,9*17

1,541$372,918 $24,581,030 1,403,402 26,791,683

708,300 18,829,302

Import*.

Week, Since Jan. 1.

1,170523

43,340,4,393

$51,0011.3202.321

137,552 719,299 509,90320,190

$49,431 $1,448,308 35,001 1,348,79276,491 993,563

Of the above im ports for the w eek in 1897 $25,050 were A m erican gold coin and $1,382 A m erican silver coin . Of tbs exports during the same tim e $9,302 were A m erican gold coin,

98 I'HE CHRONICLE [V ol . LXV.

U r « > U a l u O 'a K l g u r r . H r . m i - l i t F r o m P a * eBtHtoiuentH Inflow are prepared by us from the figures of tne New York Produce Exchange. The receipts at Western lake and river ports for the we-k ending July 10, and since Aug. 1, for each of the last three years, have been as follows:

R e c e ip ts a t -

Chicago ......MilwaukeeDuluth...... .Iflnnea pollsToledo....... .Detroit.......Cleveland ... St. Louis v ..Peoria.........Kansas City-

Tot wk.’07. Same wh.'wd. gauie wk.'Uft. S in e * A ug. 11896-07.......1895-06... .. 1894 96........

F lo u r . Wu.it, Com. O a ts . ; B a r le y . R y e .

m j 106lb » R u s h n o lbs R u s h .-M b s B u t h . m b t ' B u a h 48I5< B u .56 lb s .

42.601 30.100 2.116,550 2,157,083 85.701 28,950S8.HO 180.8 6 13,000 2U,0«o| 110,8(0 31 .«< 078,600 330,884 136.^38: 56,101 8,280

1,175 740,700 13,850 8H.72F ...........692 18,873 137.000 2.500 ........... 1,000

5.50 17,331 12.758 28,0251 ........... 2,516936 13,000 3.169 30.450 ...........

18.375 168,601 73.4*0 145,890 ...........4,r.<* 2.40. 202,k60 128,8501 4,900 1,200

78,000 40,5- 0 97,000 .........190.68 1,537,734 2.613,166 2.960,265 j 292,501 103,7162.W.26V 3.U0.749 2,632.8 * 3.050,432 202.11* 100,073167.356 1,033,952 1.164.800 2.087.131 31,729 14,9)1

11,1(44981

16*,07P,128 167.035.811 170,3*6.988 88,744,990 7.124.3J810,612,652 190.258,662 1 '6,438.23< I18.774.376i 39,108,981 *,053,6061 l,575.73e 112,403,652 78.224,757 06.730.4371 31.305,713 2.621,116

The receipts of flour and grain at the seaboard ports week ended July 10, i8i7, follows :

for the

Com. bush. 109.475 208.3*1 234.574 15'\03O 080,* 0 20 fllO 47,125 51,428

113.550

O a ts , h u s h .

1,141,200 174.070220,-39 102,707 00,24 4 23.826 52.810

Barley.bush.128.4757,850

R y e .b u sh .130,125450

2,870

3,417

Flour, 1 Vhea\R t c r iv t a at - w>l*. p M * ; .S e . York................. l'S,S7l UA,U0

Boston...................... #6,005 "6,41*Mont m. I ............... St,t7# m.OUPaUadetpHl............ OT.MtSlUltlmoro .... .... >H ‘ 1 J” Trf——•*.............. I.#'# li.ti.tsNevOrleans*.......... #.*H S.12*KSrtolk .................... ..........Newport News........ 1..000 ..................Qalveston................ .........— ___________________ _

Total week .. . SS7.I61 '52,255 2.512.87S 1,781,365 137.177 184,192Week Isiti . . . . . . . 312.I0J 1,816.946 l,3i4,7bl 2,534 576 137.325 139,991

•Receipts do not include Brain passing through New Orleans for foreisn porta on tbroush bills o f lading.

Total receipts at ports from Jan. 1 to July 10 compare as follows for four years :

fi'retpf, o f—Flour....................... bbla.W heat..................... bushCorn.................. MOats.......................... “Barter..................B ye............................ “

—The “ Audit Company'' has been organized and is now in position to examine and repart upon t ie accounts and finan­cial condition of corporations of every sort. The aims of the company are set forth in the advertisement published in another column. The names of the officers and dtr»ctors are Wi 11 known in tne tiuaucisl world.

— Ih ‘ Merchants’ Bank of Canada. The president of this hank is Andtew Allan, E-q., of the well-kuo vn firm of ship­owners M-ssrs. II & A. A lla n , of tti- Allan Line. In the re­port of ilie liank, piihlished on pag 15 of the current volume of ihe t HHONIOIB, Mr. Allan’s name w n in iorrtctly printed.

— Mr. Edwin R Lincaster, who up to July Is: inst. was connected with the firm of R. A. Lancaster & Co., hasopened an office at No. 15 Wall Street, where he is prepared to deal in investment securities an 1 execute commission orders for bonds and sti cks.

—Messrf. Redmond, Kerr & Co. buy and sell the Metropoli­tan Stree Ry. Co. general mortgage and coll iteral trust five p r cet t gold bortrs, also the underlying issues. Their adver­tisement to this e f f e c t w i l l be found ou page vid.

—Messrs. Pfaelz’r. Walker & C > , of Boston, specialists in steam railroad bonds, and members of th>- Bistort Stock Ex­change. will open a branch office in New York at 18 Broad Street next Monday.

—Attention is called to the list of bonds offered bv Messrs. Reed & Flagg. The advertisement will be found on page vui.

City Railroad Securities.— Brokers’ Quotations.

1897. 18 Hi. 1895. 189*.8.442.478 0.750.833 8/*70,074 10.211,642

22,261.767 24.204.1*4 15,604/5* 16,540,540 |02.442.473 30.830,007 20,198,0 8 30.275.613 130.627,809 82,639.012 10.748,801 18.21«,9 <20.54-.w02 4.219,037 1,41 \ 109 1,604,569 14.367,738 L33I.668 175* 86 114.456

171,249.739 102.228.578 67,071.968 66,811.040Total grain....The exports from the several seaboard ports for the week

ending July 10, 1897, are shown in the annexed statement:W h e a l. Com, H o u r (J a n R y e . Pea s. B a r le yhush. h u sh. bu »> b u s ! b u sh .

302.4.'9 799,195 99.966 1,120,120 r8.490 9,7*6 143,860258,271 166.351 95.077 205,599

Portland......... ..........Philadelphia.. 4 0.566 549.805 10.73* 73,970Baltimore. .. 153.587 880.191 02,062 17,1*2

13** 27o 496 600Norfolk.......... 61,428 ..........Newp’rt News 17,000

272.707 380.239 13,sl2 3*53.884 29,707 49,218 86,280Galveston .. . . 113.650

Total Wk... 1.027.590 8,071,392 306.047 1,857,179 115.438 58,964 170,1*0Same time '90.1.037,392 952,003 210.975 8->7.828 86.009 51,752

The destination of these exports for the week and since September 1, 1896, is as below.

E x p o r t s fo r w eek a n d wince

S e p t. 1 to­rn tad Kingdomonttnem............ St C. America..Wott Indies... ..

Bril. N. A. Cot’s. Other countries..

TotalI 1806.96.

W ee k S in c e S ept. J u l y 10. 1,1896.

bbtw. 233.792 23.778 2 ,414 23.167

1,450 446

306 047 210.975

bbls.7,331.969

862.773 920.923 9 <5,268 245.289 216,035

-Wheat.- W eek S in c e S 'v t . J u l y 10. 1, 1896.

b u s h .718,890234.P8178,769

b u s h .40,803,3*210.964.739

146,946

1,124,225

- C o m . - W eek S in ce S ept.

J u l y 10. 1,1896.b u s h . b u s h .

2,327.980 75,059,990 704.072 74,245.660

750 106,6*722.216 1,075,08315,010 4<>6 4651,334 1,848,398

' Bid. Ask. Bid. AskAllan. Ave., B’klyn— D. D. E . B. & Bat’y—Stk. 153 100

Con. 5b, g., 1931 A&O §103 104 1st. go d, 5s, 1932 .J&J 115 117Tinpt. 5s. g.. 1934 J&J 77 80 s c r ip ............................... §101 103

Bl’eck. S t.* Pul F —stk. 30 38 Eight-; Avenue—Stock.. 320 325latm or .,7a, 1900.J&J §100 108 Scrip, 6a, 1914.. ........ 100 105

B’ way&7tii Ave.—Stock 202 203 42d & Or. -»t. Fe .— 8took 320 340l-tm ort.,5*. 1H04.J.SD §106 109 42d St. Man. & St. N. A v. 35 452d mort.. oh, I914.J v j §109 112 lat mort. 0s, 19L0.M&S §11G 118B ’ way lst.5-.guar. 1924 §116 118 2d mort. income 6s J&J 66 o92d 5a. int. as rent’ l . 1905 §104 108 Kings Co Trac.—Stock.. 43 45Consol. 5s, 1943...J&J 120 Lex. Ave.& Pav.Fe»ry5a 119*4

Brooklyn Cite—Stock. . 188 1«9 Metropolitan Tracti n . .. 110 111*4C*m ol. 5h, 1941.. J&J 115*9 117 Nassau E 'ee, 58, 1944...

N. Y.&QueensCo.5s,194693 95

Bklyn.Cro.sHt’ n oh. 1908 106 108Bkl’nQ’ua Co.&Sub. 1st 1 2 103 4 Stein way 1st 6s ’22 J&J 113 115

Bkl’u C.& Newt’ wu—S. k 160 .... Ninth Avenue—S tock ... 160 1705 8 ,1 0 3 9 .. §110 112 Second Avenue—Stock.. 130 133

Brooklyn Rapid Transit. 5s, 1945................ A&O 30*8 31 1st mort.,5s, 1909.M&N 108 109

87 Debeuture5’s,1909.1 & J 102 105Centra Croastown—Stk. 198 Sixth A ven::e—Stock---- 187 192

1st M ..6n, 1922 .MAN §115 Third Avenue—Stock .. . 150 151Ceil. Pk.N.& E.Riv.—stk 172 173 1st mort .5s, 1937 ..J & J 122 124

Consol. 7h, 1902...J&D 113 115 Twenty-Third St.—Stock 300Col imbua & 9tli Ave 5s. ChrlHt’p’r& 10th St.—Stk

119 *3155

120 103160 Union R y—Stock.......... 103

1st mort., 1898... A&O101

104 1st 58, 942......... .......W estchest’ r, lat, gu.,5s

§106§100 . . . . . .

$ And accrued interest.

Was Securities —Brokers’ Quotations.

GAS COMPANIES. Bid. ' Ask. GAS COMPANIES. Bid. Ask.B’klyn Union Gas—Stock. 112 112*2

112*2....... People’s (Jersey City)— 160102*9 170

210 ....... 10%Consumers’ (Jersey City). 75 80 Equ-table __ ! .............. 228 230

101 103 B nds 68, 1899 .......... 103 105Jersey City & Hoboken. . 185 195 St- Paul .1...................... 45 52

105 70 77Mutual (N. Y.) 242 247 Stan ard pref ................. 118 121N. V. & hast Riv. lat 5a.. 114 1118 Common........................ 1 0 111

Preferred....... ........ 111*2 112*2 Western Gas.. ____ 70 72Common ...... ....... 89 1 HO Bonds, 5 s ....... ............ 99 100Con-ol. 5<................ 105*2 107

Auction Sales —Among other s-curi ies the following, not regularly deal: in at th - B i ird were reosatly sjl 1 a! auction:

By Messrs. R. V. Harnett & Co.:10,614.2 *7 1,027,590 63,039.252 3.071,392 153,726.143 10.401.279 1,031.392 41.531,945 952.003 51,900.191

The visible supply of grain, comprising the stocks in granary at the principal points of accumulation at lake and seaboard ports, July 10, 1897, was as follows:

Shares.898Henry Seiberr & Bro.Co.,

$25 each .$3 75 to $4 per sh.Bonds.

$1,000 New Paltz Turnpike Road Co. 1st 6sf 1 9 1 3 ....... 85

Wheat. C o r n , O a ts , R ye B a r le yI n s ta rt a t b u s h . b u sh b u she * Y ork ............... 1.555,000 1.770,000 *30.000 72.000

Do afloat.. 15,000 103.000 17.000 10,000Albany.................... 5,000 00.000Buffalo . ................ HH 3,000 817,000 518.000 120,000 2* 1 .bob

Uo afloat......Cfiicaao .............. 3,830.000 7,740.000 1,724.000 411,000 8.000

DO afloat....M «*n I«H .............. 106,000 3,000 1.000 130,000 08,000

DoD Haifa ................. 937,000 17.000 334,000 367,000 2*5.000Do afloat —T 1900 ........ .. 220, (MM 381.000 25,000 07, OOi*

_Do afloat........Detroit ...... 28 000 29.000 10,000 10,000 3,000

.................. 98.000 43,000H T/O0t«........ 74.000 337,0 X- 30,000 4.000Clno'miat'................. 1.000 3.000 9.000 1.000a - ••ton...................... . 20*.001 1,105,00r -107.000 1,000T-.runto..................... 87 000 40.000 0.000H'*n trawl................... 156.000 34.0<)C *11,000 35,000Philadelphia ........... 18.000 1*2 non 1101,000Peoria. ......... 1 ooo 2W.000Indianapolis............. 41,000S u m s* City......... . Ml, 000 172.000 120.000 8,000Bsltlmore................. 507.000 6»«,000 142.000 11,000Minneapolis.......... 8,050.000 83.000 101,000 16.000 10,OreOn Mississippi River................. 80.000 45.000On l.aies.................. 427.000 1,693.01 0 1,078.600 221.000 53.000On ennal urn) river. 158,000 400,000 70.000 233.000 48,000

Total July 10. 1897.16.609.000 15,425.000 6.P4 0.000 2,097,000Total July S 1HW7 17 5MA000 15.007.000 8.218.000 2.260, *’00Total July 11, 1800 47.2VO 000 0.1 MM 000 8.228.000 1.455.000Total July 13. 1095 41,858 000 6,880,000 5/132,000 132,000Total July 14. 1894.5J. 155,000 3,934,000 1,746.000 100,000 00/00

By Messrs. Adrian H. Muller & Son.:Shares.

75 Waguer Paiace Car Co.. 153 500 Premium Reserve Co.$I p. sh.

17 Leather Mfre. Nat. B’k .170**100 N. Y. Biscuit Co.............. 50500 Horn Silver \fin’gC o.$l 50p. a.

Bonds.$10,000 Jersey City 7a Water

Stock, 1002 AtkO . . 1 1 2 *4 &int.

Bonds.$3,000 Coubourg Eleo. Light

& Power Co.t Canada, 8a.\ 904-1905................. . ..$600

$5,500 Appleton City WaterWorks 1st 5s .......................... 15

$ 7,000 Adrian Water Works le ts . ....................................... 11

Ranking and Ifiuancial Spencer Trask & Co.,

BANKERS,27 A 29 P IN E S T R E E T , - N E W Y O U R .

65 State Street, Albany.I N V E S T M E N T S E C U R I T I E S .

George Barclay Moffat. Alexander M. White, J r .M o f f a t & W h i t e ,

BANKERS,N o. 1 NASSAU S T R E E T , - N E W Y O R K .

I N V E S T M E N T S E C U R I T I E S .

JULY 17, 1597. J THE CHRONICLE.

tifcjetfce.D I V I D E N D S .

Xante o f Company, PerCent.

WhenPayable.

Books closed. (Days inclusive.}

(railroad.*, (S team .)July 21 to Alls. 2Great Non her 11 pref. (quar.)...... Aug, 2

Hunt. & ll'.t T. Mt BU A Goal ptd. 2% AUg. 2 July 21 to Aug. 1XasbvUie Chat. A st. I................. 1 Aug. 2 July 25 to Aug. 2

s tre e t R a ilw a y s ,v \Albany By. iquar.)........................ Aug. 2 July 23 to Aug. 1

f'oluinbu-* (O.) Str-rt (quar.).... i A OK. 21 —~ -~™- £0 ..... .......WorcvU'-r(Mass.) Traction pref. 3 AUg. 1 July 22 to July 31

F ir m -u r a u e e .1065

On dem.5 On deni.

On deni.---------- to —~ ---- -

WiUlaiu-tmrg City....................... 10 ---------- * to — ---JliwuuUaiicou#.

Consolidate*! lee pref........ 6 Aug. 14 Aug. ! to Aug. 14He«dewoa Briilgf;. _____ _ — ....... 2*s Alfa. 2 July 23 to Aug. 2Hudson Hirer Telephone (quar.) 1 Aug. 2 Julv 21 to Aug. 2qmm j Mining..............................Street By*- & ill. Prop. pref.—

$i Aug. 18 July 23 to Aug. 13 Aug. 2 ---------- to — ------

W A L L STREET, F R ID A Y , .1 ('E Y IB, 1H»? - 5 f . BI.T he M 'D n M rfcet it ml P ln * t c l t l S itu a tion ,— Several

factors have had an in fluence in stim ulating new a ctiv ity in W all Street a fter the dulness w hich w as noted last week- Reporta early in the week o f a speedy passage o f the tariff bill w ith its sugar schedule supposed to be- favorable to the sugar refining business had an im portant e ffe ct in stim olat. in g a rise m A m erican Sugar s tock , w hich in turn favorablv atfeoted th e w hole m arket.

A n increased dem and for an thracite coa l occasioned by the-bitum inous coa l m in e rs 's tr ik e , the Judicial docW ou as to the uneom stitntionality o f the a iiti-tfnst la w- and the e le c ­tion o f a new m anagem ent fo r the Leh igh V alley Railroad ca lled attention to the securities o f the anthracite coa l eom -

and the result is notab ly higher e|UOt«tion».T h « o fferin g o f tw o m illion M etropolitan T raction bonds

is report*-! to have brought ou t b ids am ou nting to fifty m illions, and show * that the in vestm ent dem and fo r first- class bauds is largely In excess o f the supply. The e ffect in th e Street o f these various factors is set forth som ew hat in deta il in our review o f the bond arid stock m arkets.

The C onference C om m ittee w h ich still has the tariff bill under consideration finds som e d ifficu lty , it fa said, in agree­in g upon the w ool and sugar schedules. It is understood that practica lly all other m utters are settled bo far as the C om iaitt .' fa con cerned , and as both bodies represented are in favor o f a bill, doubtless som e agreem ent w ill noon be reached.

The foreign exchange m arket has con tin ued du ll, w ithout special in fluence in other departm ents, and there seem s to h - no im m ediate prospect o f a renew al o f gold exports.

The open m arket rates for ca ll loans on the S tock E x ­change during the week on stock and bond coUatem fa have ranged from l to 1 '4* per cen t. T o-day V rates on ca l! w ere 1 to l*d per cen t. Prim e com m ercia l paper is quoted a t ;}},« to 4 per cen t.

The Bank o f England w eek ly statem ent on Thursday show ed an increase in bullion o f £11,878 ami the percentage o f reserve to liabilities was 48*88 against 40*87 last w eek: the discount rate rem ains unchanged at 2 per cen t. The Bank o f France show s a decrease o f 3,050,000 franca in gold and3.050,000 francs in silver.

The New Y ork C ity O u arin g-House banks in their state­m ent o f Ju lv 10 show ed an increase in the reserve held o f m t ,300 and a surplus over the required reserve of $41,-38! .375, against j41.3$4tfl75 the- previous week.

! -97. 1 206, 1635.July to. f r t t . traOt. July i t . [ July 10.

♦ a i sG ttM M *....__ — $9,022,700 .......... . 00,622,700 85,623,700- - i« ____ ,, . .. - >U)*M A dliS-'irta. 5331706.600 tov.l,05.*4,700 *77,t»2,»«0 511,03 :,3oOCirculation.......... 13,7N2,90O ln« i.TOO 1-1,595,6* 0 13.17S.300N* t .ItspnaBs........ i;t>7 ,(>42.500 to e .2,«OS,»0O 504.486.100 507,970,000Specie ............. 00,505.SOO lno. 4.0OO' 61.ii50.koo; il4.2iu.oooLeya! tender*.... J02,776,m>O the. U4‘*.«o0 80,158,500 111. 132,900R eserveM d.......193-.282.QOO Itte, 05X.200 146,UW,3oo: 175,397,800Loyal reserve----151.H20.fi25 l»o . 074,700 125.872,025 141,992.500

Surplus reserve 41,301,375 Dec. 23.500 32.237.275 33.403.3QO

F a re lr a E xch an ge.—The m arket for foreign exchange was du ll ond generally firm during- the early part o f the w eek , but i» easier tow ards the close.

To-day 's actual rates o f exch ange w ere as fo llow s: B ank­e ts ' sixty days' sterling, 4 Sfkjj-t 88 b f ; dem and, 4 8?<# 4 8714'; cables, 4 8 7 a 4 (n % .

Footed rales o f leading bankers fo l lo w :

July 16. Bixhj days. Demand.

Prime bwBmtt bitla on London. Ptime oomm.^ro%i ........... . . . . . l 87

4 85hi*H 85%185 <f l 85»is d a ie%

11)1*41(15,8D5r.*n95q

4 88OoeamMitary cotiimercial........................Parn biinfecrv rfrauwi..... ......................Anjatetdam fault,!«»sl haakers.......... .FranMortor Bremen tretdlinarta) bkere

5 l-tii-V/is 15 ayii.&iOTfs W5»»»95!it«

The fo llow in g w ere th e rates o f dom estic exch ange on S e w Y ork at fcho tinder-m entioned cities to -day : Savannah,

99*bu y in g 1-16 discount, selling par; Charleston, bu y in g par, selling ig prem ium : N ew Orleans, bank, $100 prem ium ; com m ercia l, SI 00 discount; C hicago, 40c. per $1,000 pre­m ium ; St. Louis, 40e. per $1,000 prem ium .

U nite ’ St t s Bonds.—Sales o f G overnm ent bonds at the Board include $24,000 4s, coup., 1925, a t 134% to 125; $300 4s. reg .. 1925, a t 124yj: $14,000 4s. coup .. 1907, at 112 to 112?4; SL000 4s, reg .. 1907, at U l% ; $3,000 5s, coup., at. 114*2 <» 114sg. and $2,000 5s, reg., at 114®£. The fo llow in g are the c los in g quotations:

InterestPeriods.

July10.

July12.

July13.

July14,

July15.

July16.

2s,..................... reg,4s, 1907........... reg.4s. 1907..........coup.4s. 1925 . . . . . reg.4 s, 1925..------cout*.5s, 1904..........reg.5a, 1904..........coop.Gs. cur’ey, '98 ...reg. 6s, our'oy, *99 .reg. 4s, (Cher.U898.ree. 4s, (Cher,>4899,reg.

Q -M cb. Q.-Jan. i*.- Jaa y .-F eb . Q .-Feb. Q.-lWb. Q.-IV.b. J. A- J. J. & J. March. March.

* 97m m112)%

*124%*124%*114%114h3

*101Xj•KUts*101%*101%

* 96*111 ia *112*12.17e125• m u*11413* 101 %”104%U0l4i*101%

* 96hs m ia g *112 *1241* 124-s 114M U 4 :v

*101*0 *V04!a *101% *101%

* 96% 1115* 112*12473

*124*114%*114%*10Ua*104h**102*102

* 96*3 *U15s *112 -\-23A *124 7(3‘ xlSbs *1145- -1011., *104% •10 3 *102

* 98 *1115s 112%

*1237g124ts

-113%'114%*101%*104«*102*102

- This Is the price bid at the moruiug board; no sate was made.U nited Hiatt's S ob -T ren -n ry . —Tin* fo llow in g table shows

th*- daily r-ceipts and payments nr the Sun-Treasury :

Dal*. Meceiplg. Payments.Balances

Coin. t mn Certs. Currency.

July 10: 12 33 14

“ m ** 16

s2,544,874 2,592.166 2 .1 --.. -3.870,741 •J.a-ta.iHM5,553.17.1

$3,243.0)9 3,065),! 26 3,132,433 5 37-..;;3,991.8684,062,485

$138,425.224 33,4 64.839

153.4*5,294 152,979,151 152.937,807 152.840,713

$2,015,9001.925.6902.009,5571,-22,8521.793,9342.150,560

37,955,000 57,55 -.00158,949,17905,899,12154,221,07454,840,281

Total.. 19.091,-04 23.472.579Co< 11“ . - Follow ing are the current quotations in gold for

coinsankjmlgni...........8 t * « a $ i 01Napoleons..............3 8.2 3 92X X Relebmarks 4 78 1 8225 Peseta-........... 4 76 as 4 SOM*MU. Doubloon,». 15 50 * t;» 70 M> x. Doutdooue 15 50 W 70 Kin*! gold bar- ... par S ’-sprwu.

Fine Silver bars.. — 85% <t- — 61%Five francs........ : — 94 «l — 96Mexican dollars.. —17i,s s — 48*3 Peruvian sole.... — 12*9®— 43*s Eugihli silver.... 4 86 a 4 90 U. 8. trade dollars — 60 » 7ft

State and R a ilr o v i Knud-*.—Sales o f State bonds a t th e Board Include* $5t).000 V irgin ia 6s d eferred trust receipts, stam ped,at 4. $10,000 V irgin ia fund , d eb t 8-8s o f 1091 at 6414 , $4,000 Tennessee settlement 8s at 8 8 S4 and $2,000 Alabama class A at 1051* to 10tt*4.

The volum e o f business in the m arket for railw ay bonds has increased day by day, O regon Short L in e issues have been the specia l feature, the new incom e M having ad­vanced nearly .7 points and the 1st consol. 5s 3 point* w ithin the w eek. Standard Rope & Tw ine 6s are 3 points higher and an advance o f from 1 to 2 per cen t is noted in the A tch ison i,s-u.es, Port W orth & R io G rande, Central o f G eorgia consol. 5s, B urlington & Q uincy, Nebraska Extension i-. Oregon Improvement consol, as, Missouri Kansas & Texas 2*1* C olum bus & Ninth A venue, Brooklyn Rapid Transit and L ex ington A venue & P avouia Kerry issues o f the active list, w h ich includes also Central o f New Jer><-y, Chesapeake & O hio, Rock Island, C olorado M idland, Erie, L ouisville & Nashville, M ilwaukee & St, Paul, New York Su- aiehaana «& W estern , Northern P acific , Oregon Railroad & N avigation, Reading, Rio G rande W est­ern, St. Louis 4fc San Francisco, San A n ton io & Aransas Pass, Texas Sc Pacific, U nion P acific and W abash bonds.

R a ilroad and M iscellaneous Stocks.-—The stock m arket lias been m ore active than last week and considerable enthusiasm Jias developed. A m erican Sugar w as the prom i­nent feature during the early part o f the w eek, selling at y m £ on Tuesday, an advance o f over 13 points since July 1st. This s tock was in dem and by purchasers w h o thought they cou ld foresee that large benefits w ould accrue to the A m eri­can Sugar Refining Com pany bv the adoption o f the tariff bill and b y speculators w ho were short o f the stock. On W ednes­day it bad dropped & points to M 21,; and closes at 184?£. The rise in Sugar caused a sym path etic advance in all d irec­tions, especially in the m iscellaneous list. A m erican T obacco gained 6 point.-’ , U nited States L eather preferred 31* points, C hicago Gas, G eneral E lectric and W estern U nion a point or m ore each.

O f the railw ay list the anthracite coa l shares have been conspicuous hi an advan ce averagin g nearly 3 per cen t, stim ulated by the strike o f the bitum inous coa l m inors and by the ju d ic ia l decision rendered on M onday declaring the anti-trust law , under w hich an aotlStt was recen tly begun against the coal com panies, unconstitutional. The grangers have continued strong. St. Paul sold a t 854$ on W ednes­day. the highest prion quoted tor th is s to ck s ince 18W. New Y ork Susquehanna & W estern has been a prom inent fea­ture, the com m on and preferred h av ing advanced over 3 and 5 points respectively on rum ors o f a change in the co n ­trolling interest o f the property. The a ctiv ity noted last week in M inneapolis & St. Louis, C hicago G reat w estern and B es Moines & Fort D odge has con tinued , and these stocks, together w ith Rib G rande W estern , B rooklyn Rapid

,Transit. .Metropolitan T raction and A m erican T obacco have ad vanced to the h ighest quotations o f the year.

100 THE CHRONICLE [VOL. LXV.NEW YOKE 8T0CK EXCHANGE— ACTIVE STOCKS fo r week ending JULY 16, and ainoe JAN. 1, 1897.

(Saturday,July 10.

HIGHEST AND LOWEST PRICES.inlay, Tuesday, Wednesday, Thursday, ly 12. July 13. July 14. July 15.

Friday, July 10.

STOCKS.

A etlve K R . S tock s .Atchison Topeka & Santa Fe. _ profBaltimore A Ohio.................. .Brooklyn Rapid Transit........Canadian Paoitio..................Canada Southern..................Central of New Jersey.......... .Central Pacific....................... .Chesapeake & Ohio................Chicago A Alton.....................Chicago Burlington A Quincy Chicago A Eastern Illinois... ™ r •t)0 pref.Chicago Great Western........Chicago Milwaukee A St. Paul

Bo pref.Chicago A Northwestern___Chicago Rock Island A Pacific Chicago St. Paul Minn. A Om. _ Bo pref.Cleve. Olncin. Ohio. & St! L... _ , Do prel.Delaware A Hudson..............DelawareLaokawanna&WestDenver A Rio Grande...........

Bo pref.Des Moines A Ft. Dodge . . . .Erie .D.°.........................f™*/

Do 1st pref._ Do 2d prefGreat Northern, pref.............Ili lnole Central. . .Iowa Central....... ............

Do .................Lake Erie <Kj Western

ho prefLake Shore A Midi.SouthernLong Island............LouieviHe A NaBhyiUe.. Manhattan Elevated,consol' Metropolitan Traction . Michigan Central. . Minneapolis A S t L o o is I " "

Do 1st pref.(„ Do 2d prefMlssonrlKansas & Texas....

Do nrefMissouri Paoiflo...Mobile A Ohio . ...........New York Central A Hudson'. New Y ork Chicago A St. Louis

Do let pref.si ,P 0. „ 2d Pref.NewTorkNewHaven A Hart. New York Ontario A Western. New York Susq. A West*.new.

Do orerNorioik A Western. . . . . . ___'

Do prefNor. Pacific Ry. voting tr.otfs.

Do ore!Or. BE. A Nav.Co.vot.tr.ctfs!

Do pref., vo t trust.otfs. Oregon Short Line Pittsburg Oinn, Ohio. A St." L

Sales of j Range for year 1897.the [On basis o f 100-thare lots.V

Week, 1Shares.

5,53018,373

46035,482

1,250910

19,892200

3,05557,377

11537,148

141,044601

8,043205

34,81820,8504,8008,545

530920

8,310100303425

Lowest. Highest.

pref.

DoReading, voting tr. certits

1st pref., voting tr. certifs. 2d prel., voting tr. certifs

Bio Grande Western..........Do prer.

St. Jos. <fc Gd. Isl., vot.tr.ctfs. Do 1st prefDo 2d pref.

St. Louis Alt. & T. B.,tr.loots St. L. A San Fr., vot. tr. otfs.

Do 1st pref.Do 2d pref.

St. Louis Southwestern..........Do pref

St. Paul A D u lu th .......... . . .Do pref.

St. Paul Minn. A Manitoba.Southern Paoiflo Co............. .Southern,voting trust, cert'lf!

Do pref., voting trust, oertTexas A Paoiflo................Union Paomo trust receipts" Union Pacific Denver A Gulf. WabaBh.. . . . . . . . . . . _________

Do prel.Wheeling A Lake Erie___Do pref.

M isce lla n eou s S tock s ,American Cotton Oil Co........

Do pref.Ainerioan Spirits Mfg. Co__

Do prefAmerican Sugar Refining Co

Do prefAmerican Tobaooo Co...........

Do prefBay State G as........................Chicago Gas Co., oerts. of dep. Consolidated Gas CompanyConsolidated Ioe Co.............

Do pref.General Electrio Oo..... ...........National Lead Co...................

Do prefPaoiflo Mail.............................Silver Bullion Certificates__St andard Rope A Twine........teunesBoe Coal Iron A RR...United States Leather Co......

Do prefUnited States Rubber Co.......

Do pref.Western Union Televrapb___

r t t e n,B.re 51?*°,1 D,° 8ale made- 5 Less than 100 shares.^ o r I n a c l l Y e S t o c k s ^ s e e f o l l o w i n g ; p a g e .

1502,810

20250220110

27,115 10,00-

2,370 42

3,445 214

1,7; 0 742

2,5b0 0,125

100 5,493

112'Too

185 10,2 67 15,990 37,343

1321,140

17,942300410

5,6302,210

80262,82030,360

3,7141,5001,235

611600172

1,8125,334

41020

50012

2,2401,6236,8045,1151,475

200515

1,320490160

9% ADr. 19 17 Apr. 19 9 July 10

18% Jan. 7 46i9 Mar. 29 44ieJa.iL 13 6814 May 24

7% Apr. 20 150ft Mar. 29

$150 May 24 693ft Jan. 5 37% June 7

$95 Jan. 8 30p Juno 23

69% Apr. 19 1301- May 6 1013* Apr. 19 153 Jan. 12 60% Apr. 19 47 Jan. 2

1331* Jan. is 21i* June 1 63 June 16 99op Apr. 1

1461* May 20 9% Apr. 20

36 Apr. 20 7 Apr. 5

60 July 13 H i* Apr. 19 27 Apr. 19 15i* May 24

120 Jan. 16 91i* Apr. 19

6 Apr. 1523 June 8 13 May 11 5314 Apr. 1

152 Jan. 2 40 June 10 40ifi Apr. 19 313* May 6 99% May .3 90 Jan. 28 16 May 14 773* Mar. 18 46 Feb. 26 10 Apr. 19 24% Apr. 1910 May 6 18 June 8 921* Feb. 1811 Feb. 11 675ft Apr. 1524 Feb. 10

160 Feb. 2123* Apr. 19 fii* May 28

18% May 20 9 Apr. 19

22% May 5 11 Apr. 19 32% Jan. 516 June 8 3r. % Jan. S17 % July 9 11% Mar. 29 44% June 25 16% Apr. 19

*38% Apr. 19 122% Apr. 19 1 i % .1 une 6

$25 May 26 3% June 14

37% June 1011 June 10

§60% May 114 Ax>r. 19

37 Jan. 2912 Apr. 15 1 Apr. 1 3% Apr. 1

20 J an. 4 §72% July 16 §87 114 Jan. 28 11813% Jan. 137 Apr. 19 i

22% Apr 198 Apr. 1 4% Apr. 19. 1 Apr. 24! 4»ft Mar. 29!

11% Apr. 19 %June 1

20ft Apr. 15.

13 June 28 25% Jan. 30 18 Jan. 831% July Iff 660ft July 14 51% Mai*. 17

103% Jan. 19 15 Jan. 5 18% Mar. 15

$170 Mar. 1 8 s* June 29 45 Mar. 13

101 June 26 9% July 14

85% July 14 140% July 15 118% June 25 165 July 13- 76% June 28 65% July 15

145 June 25 330ft Mar. 17 80 May 6

121% Jan. 6 158% July 2

12% Jan. 19 43’ * Feb. 1 14% July 10 65 June 30 15% Jan. 18 35% Jan. 18* 21 Jan. 15

123 July m 98% June 29

8% June 18 29 June 23 18% Jan. 18 70% Jan. 20

175 June 22 55 Jan. 8 52% Jan. 19 93 Mar. 2

111% July 1 6 101 June 29 25 July 14 84 July 7 54% July 14 14% Jan. 18 32% Mar. 18 24% Jan. 18 22% Jan. 12

103% June 28 14% Mar. 15 75 Mar. 17 34% Mar. 17

§178 Jan. 4 15% Julv 14 13% July 15 35% July 15 14% Mar. 11 30% June 11 16% Feb. 1 43% June 14 21% June 23 56% June 9 20% July 14 14% July Iff 52 July 16 23% July 15 48% July 15 28% June 29 23% July 14 54 July 12 3% July 15

41% June 18 12% June 24 62 May 20

6 June 14 50% June 18 17% June 15 4% Jan. 18

11% Jan. 18 22% June 16

“ Feb. 3 Mar. 3

450 9% May 281,217 52% Feb. 16 3,688! 9% Apr. 231,690 26 Jan. 5

280.891 109% Mar. 29 3,110 100% Jan.

101,40s 200

4,71 ‘t 39,946

7,5*1 4,375 1,599 10,671 6,475 1,170

18,3152,036 4,211

912 11,983

1,9 L8 1,181

11.203

07% Feb. 15 100 Feb. 11

7% Apr. 17 73% Jan. 5

136% Jan. 2 30 June lb 80 June 10 23% May 17 21% Feb. 16 88% Feb. 13 24 Jan. 0 60 J une 9

3 % J une 29 17 May 20 6% May 22

50 Apr. 2 10 June 3 52 July l v 75% May 7

t Range dated from Hating on Exchanges April 3,

16% July 14 10 Jam 16 30% June 29 11% July 15 10 J an. 5 2% Jan. 0 7% Jam 16

17% Jam 18 6% Jam 2

29 Jam 5 I

15 June 15 64 July 1 14% Jan 9 34% Mar. 1

13 •% July 13 109% July 13 80% July 15

109% July 12 15% June 25 90% June 2d

169% July 15 41% July 13 89 July 14 36% Feu. 2 31% June 29 w9% June3(> 32% July I2 65% Jan. 27 11% Jan. I9 31 Jan. lg

o%Jan. I9 64 J an. I9 25% Jan. lg 76% Jan.

Mar. 1 rj*<>•

J uly 17, 1897. J THE CHRONICLE. 101NEW YOKE! STOCK EXCHLIVUE PRICES (Contiaaed)— INACTIVE STOCKS. {% Indicates actualsales.)

ikactiyb Stocks, f Indicates unlisted.

.100

July 16. Range (sales) »» 1897.Bid.

1759

;27105

63

R a ilr o a d S tock s .Albany & Susquehanna------Ann Arbor......................... 100

Preferred.............. -................. 100Atlantic A PaelUc......................100Boston ,tH. Y. Air lin e pref ..100Biitlaio Rochester & Plttsonrg.100

Preferred................................. 100Bari, tied AT HapMs A Hot. . . —,100Olev. Lor&ln & Wheel, pref......100Ci.-v.-. and * Pittsbure...........— 50Col. Koclt Valley A To!...........100

Preferred................................100Duluth So. Shore & Atlantic 1i .100

Preferred 9 ------- ---- ----------100£vai;srll!c&Terre Haute..— 5<>

Preferred...............................- 80Flint tt Per® Marquette...........100

Preferred................................10>Greco Bay & Western......... ...100

Deb. ecrtfs. A........................ 1000Deb. (serifs. B....................... 1000

Keokuk <k Des Moines.......— .10*Pref erred................................100

Keokuk A Western................. 100Mexican Central.................... ...100Mexican National tr. ©its------- 100Morris* Essex.......................... 50Nash. Chau, a 86. Louis .......ICONew Ena land..............................100S. Y. ,<c Uarletn — ............. . SoN. Y. Lack. * Western............ .100Peorta Decatur A EvanstlliePeoria & Eastern..............Pitts. Ft. w. A Chic. K.-iar ....Beueeelaer A Saratoga..............100 ;182Bouse Watertown & Ciders, 100i|120Toledo & Ohio Central............ 100; ------

Preferred.................................. lOOj *0Wisconsin Cent. rot. tr. ctfs...UWl lk

107206075

165:3%

fO4U

4kS%u3%i s

166

.. »o ;

..100 ..100 „100 ..100 ism- ■

310f r ­it

167

11

Lowest. Highest.

3k6k

10504k4

15 kOk2

170

2k8

2570

170 Feb.. 9 Jan.

22% Apr.% Apr.

102 Alar. 18k May 55 Feb. 6S Apr. 40 Feb.

161 Apr. 1% Apr.

40 Jan.3 Apr.6 k May

20 Jure 30 June

7 June 30 Mar. 27k Apr.

4 Apr. 2 Feb.

12 Mar.32 Feb, 7 k Apr. I k Mar.

162% June 70 Jaa. 44 M»r.

295 Feb. 119 Juts.

k June i 3 k Feb. 150 May 177 May 116 Mar.

177% Apr. 10% Jan.29 June

% Jan 105 Jan. 20k Jan. 55 Feb. 72 Feb. 40k Mar.

168 k Jan. 13 Jan. 46 Jan.

Feb. 8 Jan.

24% Feb. 40% Jan. 11% Mar. 37 Jan. 35 Jane

5 ja s , 3 Jan.

28% Jan. 32 Feb.

9% July1 % June

167 Jan.71 June 44 Mar.

324 May 122 Mar.

2 k Feb. 5 Apr.

169% Mar. 185 Jan. 120 July

Inactive Stocks.f Indicates unlisted.

42^3120113592

5110k;i7%" 3 %16538

i i i7105

1 June 2% Jan.

m isce lla n eou s S tock s .Adams Express.......... ........... ..ICO {152American Bank Note O o f _______American Coal.......... ....... — 25American Express........... ......1 0 0Amer. Telegraph & Cable........ 100Brooklyn Union Gas.................. 100Ohio. Juno. By. & Stock Yards. 100Colorado Fuel & Iron______ ,.100

Preferred__________. . . . ____100Col. * Hook. Coal tr.rets.ail pd.100Commercial C able............... ..100Consot. Coal o f Maryland........ 100Detroit Gas— ....................... -.100Edison Elec. 111. of N. Y........... 100Eiilson Eleo. 111. of Brooklyn..100 Erie Telegraph Ac Telephone ..100Illinois Steel............................... 100Laclede Gas..... .........................100

Preferred..... ........... 100Maryland Coal, pref...................100Michigan-Peninsular Car C o...100

Preferred................... 100Minnesota Iron...........................100National Linseed Oil Co............ 100National Starch Mfg. Co........... 100New Central Coal.......... ......... 100X. Y. A East Hirer Gas *T.........100

Preferred 7 ............................ ..100North American Co...................100Ontario Silver Mining________ 100Pennsylvania Coal............. 50P it'm m P ease Car Co.............1(0

[Quicksilver Mining................. ..100Preferred............................... ..100 7

Standard Gas, nref.il................. 100 118Tennessee Coal * Iron, y re f...100 ........Texas Paolrte Land Trust...___100 6%0 .8 . Express...............................100 42Wells. Farso Express.............. 100 11Oft

July 16.Bid.

45130115112

13552S8045

5513%44

537%5111%

3%325

5170 1

SO4k

118108

8260

Range (sales) in 1897.Lowest. Highest.

147% Feb.113 "A pr. 109% Jan. 85% Jan. 85 Jan.

102% May 15k June 75 Feb. 3k June

162% May 35 Feb. 20 Jim.

101k Jan. 97 Fob. 63% Apr. 29% Apr. 22 May 70% Mar. 40 July

5815

5893 !

113%' 4%

10

12423810

3

Jan. May Apr. May May

4 k May60k June 98 May 3% Apr, 6% J uae

340 Mar. 152 Jan.

2%; l%June 3 1 8 Apr,

120 102 Jan......... 1 65 Apr.

8 1 6 Apr.45 s 37 Feb.

........1 07 Jan.

155 Jan.125 ‘ Tan 115 July 94 June

112 July 105% Apr.27 Jan. 85 May

4k Mar 162% May 37% Jan. 25 Jan.

118 July 109% June

67 Jaru42 Jan,28 July 83% May 50 May 12 Jan. 52 Feb. 57 July 15 Jan,5 k June 5% June

93 July 113% July

5 Jan, 10k Jan.

340 Mar, 169% June

l k Jan. I l k Jan.

118% July 70 Jan.

7% June43 Ju y

107 Jane* No price Friday latest price this week. S Actual sales.

NEW YORK STOCK EXCH ANGE PR IC E S. - S T A T E BONDS J U L Y 1 6 .

SECURITIES. Bid. Ask i SECURITIES. Bid.f

A8k.; SECURITIES. Bid, | x * .Alabama—Class A, 4 to ft ... 1900 106% Missouri—Fund. ..........18B4-1895 Tewtessee—6*, old........ 1892-1898Class R. 8a .......................... 1006. lo t North ( «rollti:i-fl‘ , o ld___ _ .J A f 6#, & vr bond«........ .1302-3-1 BOO

01Mm. C. 4s................. . 1006 98•iiwT

FcHSilmg a c t . . , ..... ........a. . 1900 Do New series.... 1014 Compromise, 3-4-5*63. . . . . . . 1012OmrtWBf Ittndlng 4s.. . . . . . . 1920 08

Arkansas—8«,tuiid,Uol.l8#9-l900 ........New bonds, JA J...... .1892-1888I'bsiiuiin Kit................................. 83Non Hoilord.. . . . . . . . . . . . . . . . . . . . . . . . . . . «j»*cuvi tax, etas. 1.................. .' "usultdatid l . ................. ioi(i«*».......- ...................................till!) 102"

128103

' liedemption 4a.**............1007Do 4%a......... 10137s. Arkansas Central RR.......................

Loutalaoa—7s, eons.............. 10.4 ......... ****** Penitentiary 1 %«................ 19 U;VirKliila funded debt, 2-3s__ 1991i ns, defermt t's* rivets, stamped.

Stamped t i .......... ................ ..................New mnml*, 4a. — ,♦****•.. 1014 oil

fkmtk Cam!inn-- -% 20*40-1083 E*. iHkp-fnnd. . 64%4 04>a

July 10, 1897. % om it two cipher* ( 00) in all cases.ending

Basks, (00s omitted.) Capital SurpCs Loans, S/wete. Legal*. [Deposits.

Bank of Now York. *2,000.0 *1,«4 1.8 *13,000.0 *2,010.0 *2.600.0 *13,940,0 fv* ....... u r . i i ■■ i v 1 \ t* ora „ o ,, ,, itManhattan Co— Xutefaants’— Mechanics’ ....A s e r i e s ......... .Fbenii..........City-............. -Tradesmen's.. -Q'htmicad. ... . . Merchant-** Exch’g*imSSnr*’ ’A'hro^m’tf* hauled <& TnfcT* SlUfflflflL. .-%***..«jUmthm M*a«£iitfw.8 ll£ ? 5 New*York! jAmmustm Mmmm&bi Cemmer&r. B fw lw % y ... ... ._ ....,Pacific....... ••Republic-......-.Cfefttfeam...*....Peopl*#*'....... .Morth A is erica Hanover.......frrteft...........Giftaero*...ItaSkat Hi Wuium.Shorn &Corn Bxtitaftg*. ....ChmtteaiiUkl.... .......Oriental...............Itapovt«r«*ATT*d*n%m\ Mtm. Pottstb..*,. Csutrai.,...aksooad..- . Ninth.....- ritis........ . . .k .Bowery...............Mow York Comity MBHttm Amtotimm*, m *m ......*PifCs Air«nne.........#«#ina*E Kmhsmg^, fileroiaafA..... . .. . . . .CulledIsi&COtSX . ... . . .. . . . . .Fifth

%0m ,0 2.152,5 %QWJ) 1,054,2 2,000*0 2.089,9 i.500,0‘ %m%i1.000. 0 %m,$’1.000. 0! 3.805.0150,0. 100,4

300,01 800,0

1*000,0S m

os » s 000.0?1,2 OO.0:

5,000.0 5,000,0

.1,640,2 185,9 2m, ft 184.8i u : i408,1 j2.443,2'.

■ H I,.. ?J m 0i .m m 1,610,71

I3.07M 15,40130.477.04,157.0-

37,40:4,0% w .m

7,380,9104,3: 4,708,1;

L ..1,500.0450.0, 200. O': 700,0

401,91 mm* 5972,2242.51501,81

M S I1,090,0:1,000.7f ; ! w i3,342,6;

.23,797,9:9.700.012MZM11.714,1;y r n ^ i

1*000,0 2.100,b4 ml$270, t

1,009.7/ 130,2}

1.318,20)6. o:

5®, , -2,982.052.075.0 2,497,75.883.1 3,019.0: 0,100,7;

-

2,725,0 M M ,3 l,15S$r0 2,550.1;

imM8,532,3:s i m i 4,2354!9733;9234!18231%mM105,4

2,608.41i b439,5;

2,482,4849*8!2043|1,082,3*

0,820.0; 20,484,0 1,007. tf 15380,01.594.0 MOM 5398.3, 34,580.31.380.01 4,264.0

8,884,0 ..... ..4230,5! 9,469.71

' i w i 5193; 1933; 844,5 443,0;.

1*447.8! 075.0; 148.0 3,260,0

41.0,9. 4,04 O.ii- 578,5: 1,451,9'

1 OMj 815*0iSmM875,4

450,9; 4,908,0!3'iiS:3

1,442.2708,7;

h m t -

. . .

.3»akal 15* Mmmp,

R jiiH al. B’llyti...Umimt BmM

w m rtj Nuts Bag,It.Bit. gf N. A8Mt«r«larn

1,500,0 5,055,7; 23321,0; ..........3*000,0 3.210,3 25,;* *0,7 10,133,1:

250,0: 144,4 t im &8,200,0! 2,108,3 23,471,9; 8,4*22,4 1*000,0 **1 " || * *“*'*

W O !750,0;5003:300.0*250,0.2.ooto ;7mM

620*8! 6813! 280,31 7,0373,

88.8 620,3; 498,9 i

500,01 1*502,8 100.0 1,119.0 546,1

S»296.0!5*026,03,3443;28,575,11

•$mfy

13763;899,01460,2;33673;

tm A428*01 609*1289,0!

m5003180O3I200,9 : EO

m€m600.0wmM

9.100,0}im M

1.. 3003| 50031.000. 0! 26031

030,7;821*2751,1.314,0334.7299.8 348.41

2, ___2377,3!M89*9l «wJ(i 18321,3 4,455,2! 7,5673 f.244,4 2,221,4 ' "3,3083 6.362,8;6,153,2

47,180*02.588.8 2439035.533.46.551.41.104.3 23503 1,000,44.112.72.125.99.659.8

20.798.0 10,708,25.412.49.397.12.058.813.288.06*918.1 23993 .*»* 7,976,14,802,Si 28394.4

5513! 3.157,0871*6 3380*8818,3 8*176,0**'“*'■* 6*797.0

3.834.8 10,24336.720.2 1,701*020.2853

'M8,232. i 25,129,5 2,493,0: 11,688,0 1,100.0* 8.2713

406,5} 3,695*1 1,109,41 21,041,6 1973i 1,240,3621,0 3*164,0

7 8 4 ,9 ;

i j l f l

4, 0 0 0 ,4 1*0 4 1 .7 4 ,7 J 3 /J; 2 .3 0 7 ,0 ; 0 t7 9 9 *O| 1, 8 0 2 .0 ;

6OL6 15.81*3,4 949.81 4 ,0 0 4 3 !885,8 11*333,9 2033* 23<> 1,2, 3 2 0 .x ; 4 ,0 0 3 ,02 5 3 ,3 “ *3,1423]

34831,010,5!

974.O!-

974.3234.0780.0804.5 785.. 2 j

1,8153 980*4} 659/2829.1

I43134,873,51*849,0!■0*7.2244.1 648.5:•

1/247,84783276*8

4f t l1,642,03,111:1

00239063306*3383.1 410,0

3,410*92,768328,90438,80033382,4pl:Il i p1.848.8 pjib&.a2,520,11s.sao.o1.803.0

18,812,19.334.0 11,533.3,807,’.8.801.8 2,413,8

Total...... . 89.033,7j74330,flj683,788.8 80,505.3^03,770^ 807,682.5

Now York L ily , K ostou a ml P b ila d o lp & ia R anks:iCapUaVs'Banka Switue.

rLoans, Specif. LeatOt.

S. Y.June 19.,•* 20

July ■■ 10.{ I n , *

3wy 3.M 10..

Fhilx, *iuiy 3,..

“ IQ.

|l36tflM 81 , 560 ,«:»0.(fj0.2,108,472.H US, 111,6163 (.881 ,«■-80.400.3.10S.US.rt 1:13,MS I.-1 632,707,9 80,498.811113,134,2 133 J53.B 633.760,0 00,505,2 102,778,8

! 05,3(13,8 175,553,0 11,153,0;! « i I I I . 171.15.’ II in 6 74.0; «,a9,s,a i tilsto.o, 10 .470.0

7,047.(17,034,0

Dimtit#.' 0<reTr.

892,las.* 18.1*2,7507.064*6804.988*7007,602,5

13.870.1)18,781,218,782,9

! ® : o °182,112,0 7,94il,U118.230.0117.621.0 6,808,0

0,794,0117,079,0 «, 862,0

0!&irtng§,

000 129,0

5Q%20S,0

i u m94,780,857,810,070,871,8

30.398.0 111,5b t.i> 38,484,0r - h u i m s i m i 3 4 ,3 9 3 ,035.380.0 H3.I.3S.II: 34.893.0

* Wt omit iuei-ituher* in all thee* ,%l»rrJ.♦ iBoladln* tor lie*t-, 11 sod Pnibulelphla the Item "due to other banks” .ttiscellaneoua and Unlisted Bonds:

MisceHnneoas lionds. ,Cb.Jnn.Aa. Vil«.-(SJ.t.*.,5»!-UI8%l> Colorado®, A I. Istcorus, » 93 u. Gttlotado .Poe! A I.—Geo. 5») 81 a,rail. & Hock. Coat A I.-lie, *. .......Commercial Cablis-lai is . 108 », CosaGm / 7e,CWc,—1 «tbg.5* 100 b.i.’e BsrtieU-b<'n o. A t f—g, tis. ____Dei. Gas con. 1st 5................ 83%b.Edison Kloe. IU. Co.—ltt S»,. 113 b.

1)0 of ftkljrtt., l*t 5s.. n o bEijait. i7,-l., N. ) ,fosi.« . ------EaoltaWo 0. & I-l-lst ft .. 104 bdidTMton’Wb«rt%.5t»?5s. 100 bS a f t 1’/ ! :ifga-cejav. 5a.

MI*e«?-Hiia©ow » Bomla. Jeer, -t Ciaar. 0. & 1 .1st g, 5s 2d g. 5a .......................... .Maatyif. Beaeh H. & L. g*4«,

Metropol. T«L & M 1st 5a.. MieL l*@aSa. Car 1st 5a......Matoal Ui.ion Teleg.—0»,g..Nm. starch Mig. 1st 0».......N. Y <k K. J. Tciep. gen. 5s.. Northwextctn Tclegra.|>li—7s p€‘Ople’ft Gm & 0. (1st g. 0s.

Co., Chicago..... |2d g, 6s. 1st ooita. g, 0s.South Yuba Water—Con. 0a, Standard Rope T.—Inc. 5s.

Sunday Creek Coal 1st g. 0s. Western Union Taleg,—17a;*,, Western Gm coll. tr. 5s......

*100 b. 85 h.

110 h* 101 h

>108 b, 115 a17

wNot* —"i,":ii,!lc-»te» price 641: " >” price aekea. * Latest price this weekRank S tock L ist— Latest prices, ( {N e w sto ck . *N ot L isted -

BANKS.America.___Am. Exoh.. Astor f'Uw* Bowery*..,.. Brottatrsy... Butch.Al)r. Ooutral f . ...Chase..... .Chatham— Oheiniofti...

Bid. j a sit,S5o~ ! ~ i m \m 220 1

BANES,

Ciw.____ .....Colomhia..,. Cammmrti.., Continental. Cora Exeh... Baat River., nth Ward.. Filth A m ... Fifth'....,..First.........First N.. S. 1. 14th Street. Fourth**-**-,aaliatlis.... ilanseroofiv

00 .....]225 1250 100 f130 1130 185

[400\2®Q ’300 4000 r125 j!40....... 170;2(H 210

[130 1136 12-95 300 125 i......8000:.......1250 \.......| ! i r [1*0"Ji¥o"810

(larSeiil......German Am German Ex.4 Germania.... areenwteli-...Hanover......

I! H id© iSi Li* - • |Hud. Elver..|lm. A Trad'rHIrving,...... ..Heather Mis’Liberty*----Lincoln.... ..Manhattan... Markets Fill Meohanles’. M'chs' it-Tra* Mercantile... Mereliftnt.' Merch't. Ex. Meiropol’H... Mt. Morris.Nassau........ Affis'darn, ew York...

jjN. Y, Co'nty

Bide.

105800froIS180515180WO1:30700

190116105140112440140*mm 5

Ask, BANKS. Bid. Ask.

330

88mo

2 4 020012515 O' 120

N.Y.Nat.ExN1IS1&..........19th Ward.. N. America.

. Oriental.....Pacific......Park...... ., People's....,

Phenlx__ _. Piara .......

■ B B £Second....t Seventh Shoe&Le'th ;Sjftteo£ N.Y.

!,Third........Tradesm'n’B. 12th Ward*.

. iCnlon.

97«a100135170

if14513042091

f s100

240700

, Jn’d States. lYorkville*... {Western..,., i West Side...-

175175in730

172

t2o“

1 0 2 THE CHRONICLE [Y ol. jukv

BOSTON, rH lL A D K L P H IA AN1> B A L TIM O R E STOCK E X C H A N G E *.

Active Block*.% Indicates unlisted

Atlantic A Pao. “ Ba.timore A Ohio (Balt.). Ka.t. City Pass’ger 44 Haiti more Traction “ Haiti more Trao’nll (Phil.).

Bouton A Maine. Oentr»; of Mass..

Preferred.........Chic.Bur.A gum. Chlo.Mll.<ft 8t. P. ( Gh»*\OAG.yot.t.e a t . 8t.Ry.of Indli Fitchburg n e t .(B Lehigh Valley, (h Metro pol’n Trao.il Mexican CentT (B New England....

P re fen ed ........

f erredOld Colony. .. (Boston) 100 Pennsylvania...(Phila.). 50 P&iladelph. Trao. “ 50Reading Co........ “ 50Union Pacific.. . (Boston). 100 Union Traction..(Phila.). 50 T1 Intel Janeous S tock s .

Ain.bug’r Re tin. 11 f Boston) —Preferred........ “ ...

Bell Telephone.. " 100Boat. & Montana “ 25Butte & Boston J “ 25Calumet A Heola " 25Canton C o ...... . (Ball.). 100Consolidated Gas “ 100E«ec.8tor. Bat'yH(PAi/o.).100

Preferred H •• 100Erie Telephone. rBoffoni. 100 General Electric. *' 100

Preferred. . . . . IOCIllinois Steel__ “ 100La:; *on StoreBer 44 50Lehl’h Coal&Kav. (Phila.: 50 N. E. Telephone (Boston).100Pa. H eat,L. APow (Phila.)___Unit’d Gaslmp. 11 " 50

' sh a re Pride* > u o i P er Ceutunai Prices*.

DP.1!Weisbacli Light 1i V West End Land.. (Boston)

* B1 • and asked prloes: no

barnrdav, Monday, Tuesday, Wednesday,July 10. July 12. July 13. July 14.

12% 12% 12% 12% 12% 128p l2hj 12%

•8 10*63 *63% 61*s

*lS*s *18% *18hi1 213 2 ’ 3 213 213% 213), 213*4 213% 2141213 213 213 213 * 213% * 214•159% l«o 160 160 159 A 159A 160 16j

1058

9%•55%

9%58

•9*55%

10 *9*56 58 •55 . . . . . .82% 82 % 82% h27s 83 83% 83% 84A83% fi8% 83% 83% 83hi 845s 84% 85%7% 7% *7% 8 7 A 7A 7A 7 A

92% 92% 92% 92% 92% 92% 92% 92%28% 29% 29*% 30*a 30 30% 30 30%

n oS%

1108% *8% b®s 8 hi 8h> 8A SA

30 30*65 71 71 *70 70 70

... . . . 72 72•18% 14 14 14 13% ISA 14 14%40% 40* 40 40«h 40% 40s 407g 41%

18o% 180% 180 IMO^ 180% 180% 181 181%52 % 53 62% 53 527b 53 52% 53

•72% 72% 72% 72% 72% 72% 721% 72 A10%l0l3,„ 10i-V u > „ 11% 11%•6 6 m *5% 6)s 6 6 6 6l l Te l l ’ s 11% 11A h a 11% 11»8 11.5s

1283* 129% 129*8 134% 134 137% 133% 135%*107% 108 108 lv«\ 109 109 w 108% 109%228 22919 228% 22ft % 228 228% 22^% 22sv134 134 134 134% 134 136% 135 I ’7*,23% 23% 235s 24% 237s 24% 24% 215s

395 395 390 390 *390 395 390 390.57% 57% * . 5730 *57 58 56 % 57 k20 20 20 20 19%

22I97e2221%

64%21%64 ‘■0

21%64%

2265 65 61% 6% 6

34% 34*s 34% 34% 34% 34%*___ _ 77 75 75 *9 *75 77 *75 77*32 * 341, 38 % 34 84 *34 36*17 17% *16% 17-4 16A 17 *16% 17

42 •41 41 % *105

41% 41%106

41%106*104 % 105% 105 105

14 14 14 1473M 73ti 7 3 a 73 %

45 45%•13* *1% 1*4 1*8 1*4 *i% 1*4sale was m ade.

Thursday, July 1512% 12%*9 9%

*63% ...1830 18%

214 214213 213i60 160

-9 10*56 5883% 81 84% 85% 8 8%

92% 92% 30% 30%

103% 110 *48% 8%

*71% .... *13% 14 40% 41%

181 181 53 53%72% 72% 1!% 11% *6 6% 11% 11%

132%134% 108 109229 229%134 135%

23% • 243g 390 390r........ 70

55% 56% 19% 19%

Friday, July i612% 13

*% 1 *9 10

*63

65 6534% 34% 74% 75%

*34 3617 1741% 41%

105% 105% 14 1473% 73%

*18% 18% 18 L 18%

213% 214 *2 3 214159% 160

*9 10*55 57 I83% 84 i 84% 8=>%

8% 8%*15 ........92% 92% 30% 30%

111 11’ *8% 8%

*30 35•70 72'71% 72 * 13% 13-% 40% 40%

180 180 53 53%72% 72% 11% 11%

5% 5%11% 12

133 134%108% 109 229 229%133% 135

23% 24 390 390

Bales of the Week,

Shares.2,792

120328

112432050

10.6-38,9153,377

Kauif*'of Hiti** ir. 1* 7

*1% 1%

56 % 19%

*22 65 34 75

*34 *17 41

*105 14 73% 45

1%

56%19%22%6>34%753717%41

105%14%73 7y 45

1%

43 * 13,656

29 1,310

10 2 11

904 3,559

152 1,669

584 29,816

2 >0 4,654

54,73^2~9297

8,44762,752

43"305 615

562 71

1,119 65 50

165 48 47,

1,396 802 155 550

1 Trust

Lowest.9% Apr. 20

15 Fob. 17 10 July 7 59% Jau. 1317 Jan. 1 17% Jau. 7

209 Jaa. 4 205 Jan. 2157 June 2

9 Apr. 2256 Mar. 26 69% Jan. 5 69% Apr. 196 May 7

16 Apr. 12 9i Jan. 14 20% Fen. 18 99% May 37% Jan. 12

18 Apr. ■57 Feb. 15 67% Jan. 27 1078 Apr. 30 33% Jau. 15

176% May 26 51 % May 3 66% Jan. 5 8®ih Apr. 195 Apr. 12 8% Apr. 29

109% Mar. 29 100^ JaD. 6 205% Jan. 4

94% Jan. 26 Jan. 11

326 Jan. 260 Jan, 8 55 June 2 15 • Apr. 2217 % Apr 30 63% Apr. 1 28% May 17 66 May 18 29% Apr. 21 15% Jm e 21 37 % May 26

101 Apr. 5 13 Apr. 30 70% May 3 38% Apr. 6

1% J uly 7 rec.,all instal.

Hlgii13 June 28

•37% Jan. 1 17%Jan. 866 Apr. 17 20% Apr. 2 2078 Apr. 2

217 Mar. 4 214 Apr. 7 166 Jan. I'*

11 Jan. 20 58 Mar. 3 84% June 29 85% July 14

8% July 16 25% Jan. 20 95 June 4 30 7g Jan 2

111 July 16 9^ Jau. 3 0

37% Jan. 19 74 J u n e 2 5 73% June 15 16 * Feb. 1 4-*% June 14

181 4 Fuly 1 4 53% June 29 74 Mar. 4 11% July 15 9 Jan. 7

13% Mar. 3137% 109* 236 137%

24 % 39 > 67% 62% 31 33 67% 36% 78 41% 23% 42

107%167549%

2%paid.

July 13 July 14 M*y 13 July 14 July 14 Jure 15 Feb. 6 Jan. 15 Feb. 1 Jan. 29 Feb. 24 Feb. 2 Jau. 20 Jau 18 Feb. 1 Jan. 14 May 18 Mar. 18 June 16 June 21 Feb. 9

Inactive Stocks.Prices of July 16.

Atlanta & Charlotte (Ball.). 100 Boston A Providence (Boston). 100 Camden A Atlanticpf. (Phila.). 50Catawlssa.................... “ 50

1 at preferred.......... “ 50Central Ohio................ (Balt.) 50Chicago A West Mich.(Boston). 100 Connecticut & Pass.. “ 100;Connecticut River__ 100,Cousol. Tract.of N.J.H(PAUa.).100 Del aware A Bound Br. ** 100,Flint A Pere Marq...<Boston). 100

Preferred ............... " 100llestopvtUe PaBseng. (Phila.). 50»

Preferred If_________ 44 50Hu ut. A Broad Top... “ 50

Preferred................... “ 50Kan. C’yFt.8. A Mem.lito*f<m).100

^referred... ________ “ 100Little 8obuvlkili........ (Phila.). 50Maine Central...... (Boston).100Mine Hill A 8.BaveD.CPArta.)_ 50 Naauueboning Val ... “ 50North American Co.. 44 100North Pennsylvania. 41 50Or.Bh. Line all asst.pdf Boston).100 Pennsylvania AN. w. (Phila.). 50Phllaiel. A Erie........ “ 50Rutland...... ...... . . . . (Bosio7i).\00

Preferred................... “ 100bo nth era..................... (Balt.) .100

^referred................... “ 100West End. . . . . . . . . . . . .(Be

Preferred ...............United Coe. of N. ,T.. (F West Jersey A Bea 8k.Western N.Y, A Penn Wi soon sin Central...flic

Preferred ...............Woro,at,Nasn.<vRocb.

M ISC E L L A > K O r S A doner M In V. asst pdf Ponton).

Bay State O ast!......Boston Land...__ _Centennial Mining... Fort Wayne Elect.1..Franklin Mining......Frenchman's Bav Ud. Kearsarge Mining....Osceola Mining.........Pullman Palace Car. Penns* Ivania bteei..

Preferred 1,.._.

94%2t5

Bonds.

95267

50% 52 24% ........

6 j 8148 1149 240 250

28%'........10246044%113051

1215355

"9”19

"19“

122650

154552

123

Eastern 1st mort 6 g. 1906,MAS.. I ree.Elk. &M.V.,l.st, 6s,1933, ena.

Unstamped, 1st, 6s, 1933..

19%

2m.,

514 2iM 26 44 IO C

(Phila.).I Oi IOC

. 50 91% 925C 99% 99 A■ lot 24650 49% 50

100i 2 2 A.10c 1*9 210c 2 4100 118 120

. 25 •50 1*00•1A 5

. 25 22 22%50 6 6%10 4 4%30 7 7A26 % 12f 15 15%

Quincy Mining.. . . . . . (Boston). 2femarack Mining..., “ 2.*ater Power............. *• xc<

Westlngh. Elec. AM,. '* 54Prer., cumulative. •• 5<B on d s-B otton .At.Top. A 8. F. genera] g. 4h, 1997

Adjustment g. 4s, 1995..............Boston United Gas l 5s.

% 19 35%

169

119%130

%2149%

fcf-5%{50%‘ 91%

2d consol, iuoomes. 3s, non-onm N. Y. A N.Eng,, 1st, 78,1905, J&J-

2d, 5s_,

19%35%

169%

.............. 1898, F&A. _ _

Buffalo Hy. 0011. let, Ss..........1931Catawisaa, M.,7s........1900, FAA

,0 1 1 0 c . O k ia . * ( l u l l , p r i o r lin n 6 ?General 5s.................. 1919, J&J

Citizens’ 8t.Ky.ol Inrt.,eon.58.1933 Column. 8t. Ky„ 1st, con. 5s..1932 .Column. O. Crosstown, lst,5s.l933 Consol. Tract, of N. J., Ist,5s.l933 [Del. A B'd Br'k,1st, 78.1905,F&A [Easton*Am. lst.M.,5e. 1920,MAN Ueo. A People’sTrac. stock, tr. ctfs Elmir. A Wfim.,let,6s.l910, JAJ Hestonville M. A K., con. 58..1924 tnnt. A Br’d Ton. Con.5s.'95,A AO K. C. Bun. Belt 1st (is... 1920, JAD

•It Kan.C. Puts. A G. 1st 5s. 1923, A AO

120131

121 *, 5085%61*»92

Lehigh Nav. 4*116......... 1914, (j—J2d 6e, gold.................1897, JADGeneral aiort.4AB, K.1924,0—F

Lehigh Val. Coal 1st 5a,g. 1933,'A J Lehigh Valley, 1st 6e...l898, J&I

2d 7a .................... 1910, MAhConsol ...................... .. JAD

Newark Passenger, eon, 5a...1930 North Penn, let, 1«....1936, Mi.vh

Gen. M. 7 s .................1903, JAJPaterson Hallway, consol, 68........Pennsylvania gen .6a, r.,1910, Var

Consol. 60,0 ...........1905, V»i.......... 1010a'FtlceInolndea overdue oonnon. f Unllatad. » And aooru d interest.

Bid Asfc} 7iH 75$119 119%

■ f 107 108} 97 19

1 fie 4 104%fio o &........

101§ 96 98

' $ 98 10015 57 585 56 58$ (to 70i 70 72$121 123§132§132 ____§ 6<> 70f 91 93* 71 72§121 122§ 89 91§100 103S ft 5 87§110 111§ 70 71

20 218 8A

§119% 120 i§113 113%4 85 88*........ 155105 107u o o 102

112109%82

........70 <<

‘ 92%___92%

124105% 106%'72*, 72%

ii510 4 ........190 91

113* 14~*101% L015g103 L0495 96 ’

103% ........ i132 1___115 1 ...... 11 08% 109112%118 ...... J133 . C118 119 C=1120 1

Bonds.Penn. —Onllat Tr. 4t* . . 13, J&)Pa. « K. Y. Canal, ’ s .. , t AJ.

Con. 5a.......................19’ *<People’s Trao. truatuerte. 4s..l94o Perkiomen, let ser., 5s.l916, Q—J Phila. A Erie.tten.M. 5 k., 1920, A AO

Gen. naort.,4tt_____ 1920, AAOPhila A Read. 2d, 5s... 1933, AAO

Consol, mort. 7a........ 1911, JADConaol. mort. 6 g____ 1911, JADDartrevpToent V(. ,,i( i.qcc'/ A ADCon. M.of 1882, 4s ...1937, J&J Terminal 5s, g . . . . . . 1941, u ,—F.

Phil. Wilm. A Balt., 48.1917. AAOPitts. O. A 8t. L., 7a___1900'. F*>Heading Co. gen. 4s___ 1997, J&J

Union Terminal 1st 5a...... ..FAABonds,—Baltimore.Atlanta A Char;., Ist7a, 1907, Jit.

Baltimore Belt, 1st, 5s.1990, MAh Balt. C. Pass. 1st 5 s ... 1911, MAS Salt. Traotion, 1st 5s.. 1929. MASExten. A impt. 6s___1901, MASNo. Balt. Div., 5s___ 1942, JAE

Receivers’ eertttloatea, 6a..Jd Do. Maryland Oonatruo.,5s...

CapeF.AYad.,8er.A.,6s.l916, JAJ

Pie109K W .. . 100’s 10111 8 106 125 130lO iL j........102 eg ........110** ........I l l 82t8 83*8 8H*« 91

Ob&rl.Col.AAug.ext.5fi.l910. JAJ

9a. Car. A Nor. 1 at 5 g . .1929, JAJ Georgia Pao., 1st 5-6s...11*22, JAJ ueor 80. A Fla., 1st 5b..1945, JAJNorth. Oatt. 6a........... 1900, JAJ

6s.................. .. ............ 1904, JAJSeries A, 5s.. . . . . . ___1926, JAJ4»s8 .........................1925 , AAO

Pitts. A Connells. 1st 7s. 1898, JAJSoathern, 1st 5s.......... . 1994, JAJVirginia Mid., 1st 6e... 1906, MA8

2d Series, 6s................1911 MAS3d Series, 6s..... .........191 J, MAS4th Series, 3-4-5a......1921, MAS5th Series, 5 s ... . ...... 1926, MAS

West Va, C.A v . 1st, 6 g. 1911, JAJ Wilm, Col. A Aug., 6s..1910, JAD

MISCELI.ASEOUS.Baltimore Water o s ...1916, MAh

Funding 5 s . ._ _ .......1916, MAhExchange S**8..........1930, JAJ

Virginia (State) 3s,new.1932, JA.Funded debt, 2-3s..... 1991, ja j

Chesapeake Gas 6s___ 1803, JAIO on eol.G ao,6o....„....1910, JAT

103% ........

118To 80

113% 11411 2 !........1< 6 106 A1125s I127.

: 102: ........i

102% 103100 101

i '93 9^"

! 11365

111% 111 A108 .......112 113102% lo381% 61A

115 .......947e 95

106110114llu102% 103yo 90%

114118 120114%95

104%106 107115122 123121% 122%105% 105%73%€4% 64A104

115107A 108 *a

JCTLY 17 18i»T.J THE CHRONICLE. 1 0 3

N E W Y O K E S T O C K E X C H A N G E P R IC E S ( C o n t l n u e d ) - A C T /F £ B O S D S J U L Y 1 6 A N D F O B Y E A R 1 8 9 7 ,

- 9mi R a n g e ( ta l e s ) in 1S97I n r s t P rx e t ____________________

] * * * > * J u ly 16.RAILROAD A*D

Mibcrllanbogs Bonda. L o w e s t

Amer.8plrtt.MfK.. 1st, 6g .l915 M A s 77 a 70 Apr.Atm Arbor.—let,4s, k. ..1 99 o 78^b. 74% Ja uAt-T. 4 4 P .- N 6 * Ken. 4s .l99o A * u «0% i .8*9 Apr.

A d)astm ent4s...!...........1995 «<>* 51*8 41% Apr.B* way«*r7tliAv.-lBtsCon.g.56,43 J A f l 2 - , r iS * 4 J an*Brooklyn Elev. let, e g . . . . l9 2 4 £ * 2 { '.® £«'>■Union E lev au »d .-0g ....1937 * N ' ,4 b. u3 Fob.Bklyn Kap. Trane.. 5 * .. ..1 9 1 5 ® A G 70 MayBklrn.Un.Oae.let.eon.5K.1945 7, ® J 105% Jan.BklT n. u u. vtso,B’ XljrnW hrfAW.H-lst,5s.g. 45 * « ABuff. R. A P.—G eu g. Ss.1937 " “ =Canada Southern.—let.5e.1908 ", * •Cent, o f Ga.—let, g., 58...1945 A

Cons., 5». k .....................1915; .Central o f N. J.—Cons.,76,1899 -}2 J

ConsoL, 7s........................1902 f * "General mortgage, 5k. . . 1987 ,, , ,Leh.A W.B..00n..7s,asM.1900 $ ~ M

“ mortgages* 1912 * «Am. Dock A Imp., 5s___1921 , “ ■

Central PaoW o.-G old .6e. 1898 « * •}Exten 5 g ...................... 189s J. *CheA A O h lo .-S er.A . 0 g ..l9 0e f A O . . . ------Mortvage,6 g ...................1911 m £ 2 } r } ^ b'let consol., 5 g ...................1 9 3 9 ? }® ? . I l l a ,| i07% JauGeneral 4 % e ,g ............... 19921“ ®

if »p AesL

99 91% Mar.98 %b. 95% Mar.

110%b. 109 Jau. 107% 101% Mar.111% 112% Feb.

91% 80% June10«%b. 100% Apr.113 b 113% June 115112% a.lO 0 H - —98% 90 f t79 b. 75% May

112 %b. 113% July 101 %b. 100 Jau. 100%0. 99% Jail.121 b. 119 Jan.

a 77w o u e r w iv ,* . . . . . ----- l . ,K. A A. D ir., letoon., 4g 1999 •} ® , l <>4%

“ 2deoo.,4g. 1989 % * J ,92%b.Jkie. Bnrl. * Q.—Oon.7e.l9o3i“ 3 117 bDebenture. 5a__________ 1913 ?! * 102%b.

0 U & _______ __ __ __________ _ .Debenture, 5*...................1913 “ * * 102 %b.Convertible 5e..................1903 5 ® ° . 1W> »•Denver Division 4e.........1922 *, * J *9 Mb'Nebraska Extension, 4S.I927 ?} ® ? . 94% Hen. «8 t . Jos.—Cons.0s.1911 , ® »

One. A E. 111.—1st, a f. Oe. 19079 A D ConsoL 8g ...................... 193 a A ® °( i m i p r n ! n n n u v l 1 <r *,+

729766

11593

Mar.Jau.Jau.Jau.Feb.

1937 ?* * **

l»t» SouthwestDir., 6«..190*j 1*1, 8o. Minn. Dir., 6s . 1910 * IaLCIl A Pa^ W.Dlr.ft* . .1921 * Chlo. A Mo. R ir.D ir.,5*.. 1926 *

Gen. M.f lie., B«rle«A ....1969 J. A Mtl. * Nor.—i*t,con.,«*. 1913 • 4 1 1

CiUo. * S . Pan., 1st, 5 « .. . . 1940 * A *J OWo. A » . W.-4»niH>L,7*.191.5

Coupon, gold, 7*..............1902*1 “ yBlnking fund. 6* ....... I92i# ~ * CSinking?and, 5*.............1929 A « ’J - — *Slaking fund,do^oo..So. 1933;J} ^ H 7%9-Vyoar4o6ontartt, .5*...1»0*J!" * 'E i t*u*ioo, *« ................193B J, £MU. L SU. A W . l*t. « x . m i Jf A

E xten ..« Imp., 5g ..M.192^ » A Ot&lo. K.l.et Poo.—6*.ooup.1917 J

£xt«u*tonantlool.. 5«...19.<i • *30-jre*r <toboalOYO,5*... 1921 -!1 «

OU& St. P. M. 4 O .-B * . .. 1930 J A U Clor. lx»r. A WlMOt.—A0...1933 A A °CL CL C. A 1.—COfMOl.7g ...1914 ^ D

iioorral, oonm>t., 6 g . . . . 1934 •* •* J a 0 . f » 9 * .L - 8 t .U 1(1 v .te. 1990 M A N

Peoria , Eastern. 4*. . 19401® A oCol. .noth Are, gu. 5«, g .. 1993 M A 8 Ool.H V ai.A rol.—Oon.,5g,lB31|M A 8

General, Ug____________ 1904;* A i<Denv.A K loG r.-let.7A g .190 ') M A N

1st consol., t g..... ...........19 0 ,3 A JDui. A Iron K’ge—1 »t. 5s 1937 A A U

99% Mar. 93 Pot..

. * • , 87% Jan. 122 %b. 118 Mar. 113 b. l i t Apr. 128 b. 124 Apr. 101% | 98% Feb. I09%b. 108% May 102-eU. 93 Jau. 13e% 0.128 Jau. l i«% b . 115% Jan.

■j l l«% b . 115% Jan. Jl 115% I).U 2 Jan. J 1008ib io«l% Jan. J 111 %6. 110% Jan.

W f i f i10 £ \ 96 J au.1 1 H b UH Jets.

4 2 * * 40 Jau.145 *b. 110 Jail117* 116 Jan.117*0. 114 J au.112 b. ^iOS* Apr.117* 110* Jau.109 b. 106 J au.105 b. 101 Jau.134 b. 131 May115 b. 112 H er .131 b. 126* Jau.105*t, i 101 *i Jau.IOO* 93 Jau.1.11 *'*. 124 Jan.lo o b. 94 H e f132 b. 130 J HU A127*b. 123* Jau.WA*b. 9 2 * J au.73 64 Jane

109 Jan. 81 % Feb. 80% Feb. 86% July 51% July

120% May 79 % Apr. 79 % Apr. 87% July

113 June101 Jan. 99 Feb.

113% June 108 Feb.114 N July 92% Apr.

108% Mar. Mar.

May 118 Feb. Apr. 104*2 Feb.

90 Feb.110 Feb. 10 i Ki June10 *l4 June 1213* June 12 July 112 Apr.77 V* June

10414 Mar.91 June

1204 June l o J 4 June 1 0 * July9 7 ‘e June 91U inly

122 *4 J illy115 Apr. 12714 July102 J uqo112 Jan.105 June 139% June 120*9 J one 120*4 June 117* June11 J June 115 Jane 115 June103 ‘4 j 11 ne 11 1* Feb.• 44 Jan.1 *0 >* J une 121*4 May 119 Mar.113 July U 7% J uly HO Apr.106 July 134 Apr. 11 5* June 131 J mte 10s June101 * July 133 *1 May102 Jan.

Ra il r o a d an d Miscella n eo u s Bo n d *.

In f tt Period

CUosinnP r ic e

J u ly 16.96

117*b. 105 *4 b.

,M*r. 63 Feb. 49* Feb.

lo w * May » r * Jui

Dui. MO. 66 . A A lL—5 r ___ 19.;? J A JIrlbMin El. ill.l*t,«H >(i.g.‘>*.*9* J 4 J Erie—4, g, prtur bou<l« . . . 1996 \ ♦ J

Lleoeral, . _...1996;J A JErie Ry.—la I, eon., 7g . iWJo'M a *1

JL’g lAiok, oenaol.. B g 1935 A A u Ft. W. A Deo. Oltlf.—4-B g. 1921 J A 1»Oal.ri.a«Han.An M .AP.D.l«t,5g M A %Den. Electric. Beb. 5a, g . , 1922' J A i * Uoaa. .% T . O o t gen. 4a, g. 1921 A A o CUluoleCeutraL—4a,g. ...1953IM A S

WaateruUnee.lat, 4a, g. lw.M F A A laLJUireaC 4ar — U M K * 1919 M A H

24, 4 * - 5 a ...................... . 1909 M AIowa Central.- 1 it ,5 g ___193i J A D|King* Co. Eler.—l»t, 5g . 1925 J A J LaelMe fJ*A—lat, 5 a ,g ...i9 1 * <J-F Lake Erie A West.— 5g ...1937 J A J L Bkore. -Oim.ep., l*t,7*. 1900 J A J

^*>naol. coup .,2d, 7a . . . . 1903 J A f>O o M .d * . ....................... 1997 J A D

L n . V alTar,—1st. gu.« .5*. 1941 A A oLex. A f. A PaV.F.gu. 5a,g 1993 M A #] 129%Long latand.—latooD .,5g .l93l tg—J

General mortgage.4c . 1 m « J A L> Loaia. A NaalL—Cona.7*..lH96 A A Q

9 . 0 A Mobile. la t,B g ... 19*30 J A J “ ’* 24, Bg. 1930 J A J

General, 6g . . . ................. 1930 J A DU n in e4.4g .................. ..1 9 4 0 J A J

Loula N. A. A Oil.—let,Be. 1910 J A J Qoa., Bg, tr. r*. ....... ...... m int a A o ♦

119 %b. in .» 72 6.

52 b.•110 b

* 7 * b 100* b

'101MB. ■ ■111 Hb. 104* Jan.

(44 * M k>' 62 May

139* '! ». 1.13 * Jau. 53 Jaa. 94 May 9*1* Jan 6 5 * Apr. 9 9 * Jau.

lOO* Feb. 117 May 73 Jau. 96 Apr. 41 Feb. 93 * J an.

11 l* b . 113* Jan. 109 ab. iO-ir* July

■■119 J au. 103* June 106 Apr. 11 5* Mar. 113 Jan.

7 6 * Jan. 101 Vb. 102* Apr. 119 b. 116 Jan. 100 b. 9 4 * Jan.1 16*b. 11 5 * Jan.

61 7 6 * Jan.112 b 111 Jan.9 »81 Mav

1127* May 9 4 * Apr.

■ 75 Jan. ,120 July

4 8 * Jan. 87 Jan.

113* Apr. 9 1 Juue

8»B5

143136 66 *«.89 b.94 b. 6 9 *

101 *14. 105 b. 120 *b 81 b.9545 b

100*b

103*1 »0 al l7 * a . § V*b.

9 7 * J Liue 10 J * July 9 9 * Jan. 10 4 Juue

' “ j l l t s j u n e9 5 * Feb. 67 June

144 Juiy 134 Mar. 6 7 * Juno 9 1 * Feb.

IOO June 7 0 * J uly

103 Jan. 105* May 120* J ulyHI * July 97 * Jan. 5 0 * Mar.

IOO >9 July118 June 114 June 12 4 * Mar.104 J • lie I I I * Mar. 120 July119 May

88 * Mar.106* Mar. j 123 June 103* Mar. 118* May 82 * June ii

11 5* June j 192 * J 11 y I

Manhattan consol. 4a....... 1990 A A 0Metro. E levated .-1 st, 6g. 1908 * J

Sd,6l ................................ 1899 K* A. NMex. Interuat’l—1st. 4, g. 1942 J* « 8 . ..Mlob,Cent.—l8t,oon8.,78.190J|M A N 116*b.

Consol., 5e .............. . . . . .1 9 0 2 Nj'lObSgb.Mlnn.A8t .L . - l 0toon.58,g .l934 ^ A N 10 4*Mo K. AE . —18t58,g.,giL.1942 A. A O gl^gb.M. K. A Texas.—1st, 4a,g.l990i J A D 84

2d ,as, g . . . .....................19 9 ' F A A, b l *Mo. Pao.—1st,con .,6g.......1920jM A N 83 b.

3d, 7 a ................................ i 9o^|M A N; 101 b.Pao. o f Mo.—1st, ex., 4 g .193- ? A A 103*b .

2d ext. 5 e ................. ..193^ J A JSt. L.A tr.Mt.Ark. B.,5s.iu35 J A D

1st ext., g.. 4 *a ........ 1947 F A AGen. R*y A land gr..5g .l93 i A A 0

MobUe A Ohio-N e w 6g ...1927 J A D General mortgage, 4s 193- M « 9

Nash.Ch. dcSt.L.—let .7 e .. 1918 J * J Consol., 5g ........................lit 2s A & G

N. Y.C’ea tr il—I>ebt6xt_ l* .l ;)0 M * N1st, ooupon, 7s.................190 ; J ® JDeben.,5e.ooap.. 1 8 9 t . .l9 0 l ?J * 8 N. Y. A Harlem,7s, reg ..190(1 M A NR.W. A O gd.,eousols,5e .l9-2.’ A A 0West Shore, guar., 4s__ 2361-} ® J

N. Y. Ohio. A St. L . - l g . . . 1937 A A O N .Y .L a ek .A W .—le t ,§ s . . l9 2 l ;J * J

Construction, 5 a ............ 1923 F ® *N. Y. N. H. A H.—Con. deb. otf- ? A O N.Y.OuL A V V .-K ef.ls, K.199 J M ® ,8

Coneot., let, 5e. g. ....... 1939 S * 0N .Y .Sus.AW .l»tref.,5s, g .l937,£, * ■>Gen. 5 g ....... .............. i 9 t . F A A

Midland o f N. J., 0e, S...1910 A A J Nor.AW , Rjr.—lat,oona.,4g.'90 A * °No. PaotBo—let, coup. 8g. 1921 * J

Prior lien. r y . A l.g. 4. g. 199*General lien 3 g ............ 201 . %—F

No. Paolflo Ter. Oo—6g 193 - J ® JOhio A Miss. —Corns, f., 7 «. 189 - ■} ® J Ohio Stiufhern—1st, 8 g . . . i a , ‘ ' A I)

R a n g e ( r n ie t j in 1897L ow est.

103%b. 105 b. 79

120 69%

130 U. 100%b. 104% 117%b. I l l b. I l l b. 121 a. 109%

General mortgage, 4 g.,1921 * ® ? ! 9 t 8Onsgonlmor. Co.—Ie t6 g ..l9 1 0 J ® G 100 a. i g .

Consol.,5 g ......................1939 A A Oj» 22% 15Or».R.A Nav. Co.—let, S g .l» 0;> * J 111 b .jiu )

RR. A Nav. ooneol., 4 g. 19ID J * I)Oreg 8b. Line— 1st,0s.g.. 1922 F A A

1st. . on Vs. g. ...............1940 J A iNou cn.mil, me. A. 5s.. .1910 kept.

Penn. Co. -4% g,ooup____I9 2 l! } ® JPeo. Deo. A Evansv.—6 g. 1921 J * J

Evans. Division. 6 g ____192 1 M A 82d mortage, 5 g ................I92t; M A N

Pitts. 8it. A U E „ let, 5 g.1940 A A U Pittsburg A vv.sitern—4g.l917oJ A J Rwaling <'«>.—Geu.. g. ts 199* 0 A J Rio Gr. Western—1st 4 g.. 1939 J A J 8t. Jo. A Or, fsl — .. 1917 j A J 8t L. A San Fr.—0g.OL B.190'. *• A N

General mortgage. 0 g . . 1931 'J A ■>General, 5 g . . . . . . . . . 1931U A Jl 9s r% 1 94% .1 suRailroad, 4 g . . . . . .......19981J A Jl 67%b. 02%Jaiu

8U U A »o . W. — let, 4a, g.193 M A N ' 08 b.| 59A Anr. 2d. is , g.j Income . . . . . .1 9 s ,i J A

91% Apr.116% Jan.101% J uue 69 Mar.

116 May 10s% June 100 Jab.

88% May 82 Jati.54% May 68 May 98 Mar.

100 Apr.100 Apr.103 Apr.104 June 67% May

116% June 65 Apr.

127% Jan.98% Juue

101% Jan.117% Jau.106 .Mar.110 Mav 117% Jaii.103% Apr.137%b. jiag ,Mar.

11. b. 116% Mar.139 a. 132% Feb.to o . , f 88% Jan.109%b. ios% Feb.105 %b. 100 Jau.81% | 68 June

119% 110% Apr.,! j* A M 07% Apr.117 %b. 113 Jau.

89% | 85% Jan.56% s i % Apr.

104 97% stay102%b. 102% July

8 3 * Feb.8* A.pr.

8 4 * Juue 100 July Feb. it 2 2 * July

— Jan. 111*4 Apr. HO Jan. ! 66 Mav

12oa»b. t i l l * J a u . 1 2 0 * July BO «(j July j 8 * July40 ! 44 July 4 9 * July

l l l * b . iu 9 * J a u . 11 3* May 36 0 94 Mav 104 Feb.W b.i 91 June 1106 Feb.

t 15 b. 1 10 May I 2 7 * Jan 105* b . } 93 Jan. j lii.V* J uly 73 •* 06 June 7 4 * Jan6 3 * 8 0 * Apr. I 84*Juno#6 7 0 * Mar. I 78*JuueBO j 6 2 * Juue! 00 Juue

« i }1 J 1»- 112 Jan. 115* Feu.J 113 b.;io8*Jan.J| wh*

85

H ig h es t

96 July 121 June 107* Apr.73 Jan.

119 Apr. 10S Mar. 105 J uly 95* Jan. 85 Mar. 63 Jan* 87* Jan.

105 Jan. 10 < J uly103* Jan.104 May104*June 8 0 * July

1-1 Mav 69* July

I33*june 102* Mar. 104* Mar. 121* Apr. I l l J-fly 114 Mar. 121*.l uly 110*Juue 106* Mar. 139* May 118 Jan. 140 Mar. 96 * July

111 May105 Juue

8 l * J uly119* Jan. 74 * Mar.

120* Juno 90 * Juue 57 * Juue

110 Mar.106 Juue ‘.to Jan.

* 15 Jan.

6625 59* Apr.

15 Apr.0t-P.M.AM— D»k.E *.,0'g . l 9 i.) M A N 6 j l l 6% Jin .

»-.0 g ................ 193.1 M A J| 126% 1123 Jlstooueul.,

«Ion«nn»exteneluu ,4 g . l . i t i iJ A ul 8*n.Ant.A A .P .-U l.4 g .,g n .% j!J * J! So. (her A Gn.—let, 5 g . ,.1 9 1 . M A N 80. Pnelllo, Arts.—0g...1909-1.) J A Jl8o. Psolno. 0*1—0 g__1905-1 _ A A Oj

letooneol..gold , 5 g ... . ,1 9 3 , A A Gi 8o. Peoldo, « . M .- -0 g . . . . . l9 1 1 J ® Jl tfoatbarn—let oone. ( , 5s. 199 i J A J

E. I'sno.re-irg Uoa4-5e. 193 , 3 4 8; K.T. V. A U .- le t ,7 X ....19 0 ) J * JGou. 1 g .....................„ i u . i M A .VGeorgU p*0. l«t > -'ls ,g ,,lu j. J A Jl Knoxr A Onto lstds.g . l u j . J Rloh. A b e e f . oou. 0e. g.. 191 JWest.No.Oerlsioou.Oe.g 19U J LsmlsrU KoiH-jtr .l.t.OK. 19*<j|P8 lei

, - ------ .SU.lO.t b 102%J*tL 93 b.i ,7 % Jau. 59 ■ 5A % J au.90 b.i 87% Pen. 94% 90 Fob.

1 0 7 b.i 106 May90% 85 Fell.

103 b. 102 Jau. 90% 87% Mar90 a i so May

108 107% Jau. I09%b. lo7 Jau.

•114 b. 197% Jau. •113%D. 112 Jau. 122%u 117% Jau . . . . . . . 1111% Jau. 06 b.| 00 Juue 80 b.| 79 Juue 80 b.| 79 Apr. 93 85% Jau27% i i s Apr

103 %s. 102 Mar. Dll 76 ji00% May

10J% b.!lol% Mar.

A J A J A J

Yean O l. A tty-T en . b . le t .6 . A A >Birmingham Dlv., 8 g .. .191 7 J A J

Texas A Paoino—let, 5 g . .20o i J A D '2d, laoome, 5 g . . . _ . „ 2 o o -darou

TmelM kOaloUsat 5 g .. l « J > J A J Tol. 8t. Ls A lien .O .—0 g ,..1 9 lo J A Union I'aoiao—« g . . .^ . . . I S J s J A

Ext. sluxlug fund, 8....... 189 ) VI A o f 92% 85 JauCollateral trust, 4%.___191 s vt A < 'ISO a. I 19% Jau.Count, tr. 0a, g. autos... 1902 r A A 102% lo t May Kan. P ao .-D eo .D lv .,0g .l89 < vt A a 118 b U J% Jau.

leteooeoL, « g . . . . . . . .1 9 1 9 M A a !| 7t% 107 Jau.O».0.U AOfhN .—O un.,5gl9l9 A A u _______103% Jau.U.P.l>en.AGuU,oon.,5 g.1939 J A D 38% 33 Apr.

U. 8. Leatuer—.8 P dob .6g.10U d A N 112 t>. 110 May Virginia d id .—Gou..VI., 5a 1930 vt A > 101%b. 100 Jau W abaeh -u t, 5 g . _ . . .„ 1 9 3 9 M A N 104 % 101 Si J i w 107% J a u

2d mortgage, 5 g. . .H. . .,1939 F A A 69 03% Apr. 7 3 . JanWest N. Y. A Pa-—let, 5 g .l9 3 7 J A J 106 a. 104% J a u 1 0 9 -.Juue

u e u 2-3-4S, g o ld . ... ...1 943 A A O • 48 a. 43 May 50 Feb. Wost-UuTei.—Col. tr. 5e ..l9 38 J A J 107 %b. 100% J a u 100 June V C l 1st 5 g ...1937 J A J l 33 128 May 140 Mar

110 8i June lOla-June

70% Juue 70 J a u 28 Ja u

122 Apr. 129 Juue 107-VJ une

94% May 60%Juue 93 Apr. 90% May

108 Jan. 9'>%Juue

106 %J une I 93%Juno | 89% Jau.111 June 109% Apr.

I l l • Juue ;110 %Juue 124 %J uue llil'eJuua79% Jau 88% Mar. 89 Mar,

[ 93 July i 2s VJ une 108 Feu

It 78%Juue 105 Fen, 95 Feh.

150 J a u 102% July 117% May 178 J a u 196 >»Juue 39% July

114 Feb. 103% Mar.

N ora, —" b " indicates price b id ; “ a” price a*ked\ tbe range Is made up from actual sales only. * Latest price this week. I Trust receipts.

¥ YtIU K S T O C K B X C H iN t t E l* K I C E S - (C o n t l i iB e i l\ , ~ I N A 0 T 1 V E B O N D S - J U L Y l « .

SK u u aiT llse

K a li roa d K om is.( ftloek K jeeh an gt P r ic e* .)

▲i*bft<ri» Mid. —Ist.kL. xnar . 192H: Atoh. T o p A Ban Fran —

^Iwwro A St. Lou -1 B«.1B15;AUan. A Dbbv.—1st, k , <W»..alB50 A el. A P i f l , -

Wtmtsm Id vision Income.. 19101

Bid. A«fc ; HEUUR1TIE8. Bid. Aik.Sa.t. A Ohio let, 6s. Park B. 19l<>

5s, gold ..................................1925Cons, raort., gold, 5 s . . . ... . .1 9 8 8W Va. A Pitts.— s t ,g „ Se.,1990 B. A 0 .0 . W .le t , g.,4%a .1990 Monoo. River, 1 s t , g. 5s.. 191 j Oent'l Ohio Reo .—lit , 4*8 .193 j A k.VTh.Juno. — 18t,g.Mygu.l9 *•

Brooklyn Eleva e<i—2d. Be.. .19 "lea-lde A B.B — lit.ir.Sft.gTi.l m 2

105*60

106%

J

9 7 *

w r

.......

SECURITIES.Bmnnwtok A W*n—l«t, g . ,4«.lW3H Buff. R.Ar Plttn.—R. A P.l*t,6»..1921

IbKsh. A Pitt*.—OonA.lnt.rt* 1922 Clt!ttr.tV MAh.—lkt.iru..g ,58.1943

Bull. A Siisquoh.—1st, 5sf g . . l 9 l3 Burl. C*d.Rap. A No. 181, 58.1906

Consol. <ft oollat. trust, .5s.. 1934 Minn. A St. L.—1st, 7s, g a ..l9 2 7 Oed. Rap. I. F. A N „ 1st, 68.1920

1st. 5s.................... ...1921

Bid.

1 2 5 *119 121

107* 10S 105

104

104 THE CHRONICLE. I VOL, L X V .

fOBK STOCK EXCHANGE FBICES.-INAOTIVE BOXDS-fOontinmdJ -JU LY 16.______________

SECURITIES, Bid. Ask

OOhlo-Ool. * an.M.lst,4%s.l931i Osnt. RR. A Bank.—Ool.g.5«. 193v Cent. Ry. of Ga.—

1st. pref. Income. *., 5» —2d. pref. Income. K-, 5 s ------194S3d. prof. Income.g., 5s.........1945Mao. dt Nor. Dlv.. 1st. g., 5s 1946 Mobile Dlv., 1st, g., 5 s . . . . . 1946

Oent. of N. J.—Oonv,deb.,6s.190b^ 1 ^ 3 8 , Merles A B C D ..1898

Gold 5s, series E ............... - 18989an Joaquin Br., 6s........• ,22};Mort. gold 5s......................... 1939Laud grant, 5s, g........ —-— 1990CaL AO. Dlv., ext., g. 5s .-.1918 West. Paclttc—Bonds. 6s....1899 So. Railway (Ca’.l—1st, 68.1907

50-year 5s...................... --19 3 8Oent. Washington—1st. g., 6b.1931; Chas. A Sav.—1st, g., 7 s . . . . . -1936 Oies. A O.—Par. M. fond, 6S.1898

Craig Valley—1st, g., 5s.--.1940 Warm 8pr. Val„ 1st, g. 5 s ..1941 Blit. L.A Big Sandy-U. 5s 1902

Oh as. O. A 8o. West.—1st 6s, g.191111 6s....... ............................... 1911Oh. V.-Gen. oo n.lst,go.g,56.1938

Ohloago A Alton—8 . F., 6 s . . . .1903 Lonls. A Mo. River—1st, 78,1900

2d, 78....................................1900St L. Jacks. A Chto.-2d, 7s.l898 Mlss.R. Bridge—1st, s. f., 6a.l912

Ohio Burl. A Nor.—1st, 5s-----1926Ohio. Barling. A Q.—5s, s. f-1901

Iowa Dlv.—Sink, fond, 5s.. 1919Sint—g fund,4s............ 1919

Plain, 4 s . . . . . . . . ----- 1921Chicago A Iowa Dlv.—5s...1905

Cnlc. A Indiana Coal—1st 5b.1936 Chi. Mil. A St. P.—1st,8s,P.D.1898

2d, 7 3-lOs, P. D ...................18981st, 7s, $ g., R. D ................... 19021st, 1. A D .,7s...................... 18991st ,C. A M ..7S...................... 19031st, I. A D. Extension, 7 s ...19081st, La C. A Dav., 5s.......... 19191st, H A D .,7s .....................19101st, H. A D .,5s................. -.1910Ohloago A Pacific Dlv., 6s .. 1910Mineral Point Dlv. 5s.......... 19100. A L. 8np. Dlv., 5 s . . . .___ 1921f argo A 8onth., 6s, Assn...1924 lao. oonv. Btnk. fond, 5s....1916 Dakota A Gt. South., 5 s . . . .1916 MIL A Nor. mainline—6s...1910

Ohio. ANorw.—30-year deb.5a.1921 Ksoanaba A L. 8. 1st, 6s.—.1901 DesM. A Minn.—1st, 7S....1907Iowa Midland—1st, 8s.........1900Chlo. A Milwaukee—let, 7s.1898Win. A St. P —2d,7s.............1907MU. A Mad.—1st. 6s............1905Ott. O. F. A St. P-—1st, 5a. 1909northern I1L—1st, 5s..........1910MILL. 8.AW.—Con.deb.,5s. 1907

Mich. Dlv., 1st, 6s..............1924Ashland Division—1st, 6s 1925

Oh.R.LAP—D.M.AF.D.lst4s.l905let, 2*48...................... .....19 0 5Extension, 4s.....................1905

Keokuk A Des M.—1st,5s.. 1923 Chlo. 8t. P. A Minn.—1st, 6s .. 1918

gt. Paul A 8. C.—1st, 6s.......1919Ohio. A W. Ind.—1st, s. f., 6s.1919

Gen. g., 6s ...............................1932Chlo. A West. Mloh.—5s.........1921Otn Ham. A D.—Con. s. f., 78.1905

*d, gold, 4*48..........................1937Oln. D. A Ir’n—lst.gn. 5B,g.l941

City A Sub. (Balt.)—1st, g„ 5s.1922 Clev.Ak, A Col.—Eq. A 2d 6S.1930 Olev.ACan.—Tr.etfs.forl8t5s.1917 a C .O .A 8t. L.—Gen., g. 4s ..1993

Cairo division, 4s..................1939Spring. ACoLDlv.—1st,g. 4s. 1940 WhiteW.VaLDlv.—lst,g. 4s. 1940 01n.Wab.AM.Dlv.—Ist,g.4s.l991 Oln. I. St. L. A 0.—Ist,g.,4e.l936Consol, 6s............... - ............ 1920Cln.Ban. ACL—Con.lst,g.5s, 1928 Indiana B. A W.—1st pf.7s.1900 Ohio Ind.AW.-lBtpref.5s..1938 Poor. A East.—Income 4s ..1990

C. Col Cln. A Ind.—1st. 7a,s.f.l899Consol, sink, fund, 7s.......... 1914Oln.ASpr.—1st, C.C.C.AI.7s. 1901

Cleve. Lorain A Wh.—1st, 5b.1933 Cleve A Mah. V.—Gold. as...1938Col, Mid. 1st, g., 6s, asstd___1936

Tr. otfs., con., 4s................... 1940Dei. Lack. AW.—

Mort. 7s.................................. 19078yra. Bing. A N. V.—1st, 78.1906Morris A Essex—1st, 7s___1914

Bonds, 7s.............................1900Teof 1871.......................... 1901let, oon., gnar., 7s.............1915

Warren—2d, 7 s ............ .....19 0 0D. AH.Can.—Pa.Dlv.,ooap.7s.l917

Albany A Busq — let,gn.,7s.l9061st, cons., guar., 6a.......... 1906

Bens. A 8ar. 1st 3onp.,7s.l921 Denv. Tramway—Cons, 68, g.1910

MetropoL Ry.-lst.gu. g.6s.l91l Denv. A R. G,—Imp.,g., 5 s ... 1928 Det.M. AM.—L. g. 3%s,ser.A,1911 Det. A Mack.—lBt lien, 4e,g.. 1995

4s, gold....................................1995Erie—let, ext. g. 4 s ................ 1947

2d, extended, 5 s ............ ....19198d, extended, 4%s.................19234th, extended, 58...... 19205th. extended, 4s.......... .........1928

10><

94 >4 •105100*100*1G2%

102101

87

102%

101*

113113

105%102s110100%

i05 %

107%'138136 135% 135*137 111

107%i04%110lo7105110%118113

108108i'29'131%'84

102131131%108119

1C8

67%

91*8885

T01%

T07104%

92

96112

£9

SECURITIES.

101*110

114114112

i'oT

100

140137137137140

129110%120

115

127%

1349070

132*

104 89

7086

102%

1065s12

109%100

*G3

130T25143109113143

T09146*124%118

■146

*8418

120%114%120103*

12303%

7132129144%

143%

120

85

112%

Erie—(Oon.)—• st, oon., g„ fd , 7s ............. 1920B. *4. V. A E.—1st, 7b..........1916Bid. AB. W.—Mortg. 6s....1908 'edsrson—1st, go, g 5s ....1909i n i A RR. —6a............... : — >???(look Almph.lst 6s, our’oy.1913

S ~*ns. A T.H.—1st, cons., 68.19211 st, general, g., 5a............... 1942Wt Vernon 1st 6s...................19233uL Co. Br. 1st, g.. 5s..........1930

Evans. A Indian.—1st, oons.,1926 Flint A P. Mara—Mort., 6s...1920

1st, oon. gold, 5s..................1939Pt. Huron D lv .-lst,5s — -193S

ria. Cen A Pen.—1st g. 5s..-.19181st, 1. g.. ext. g., 5s............... 19301st oon. g., 5 s ............. ----..1343

Ft. St. Un. Dep.-lst, g., 4%s .1941 Hal. Har. A San Ant—1st, 08.1910

2d mort., ...............................1905Ga. A Ala., 1st, pref., g. 5s... 1945 Ga. Car. A N or.-lst, ga. 5s, g.1929 Hoasatonlo—Cons, gold 5s— 1937

N. HavenADerby, Cons.5s-.1918 Hous. ATex. G —WacoAN.7s. 1903

1st g., 5s Out. gtd)...............1937Cons. g. 6s (Int. gtd)..........1912Debent. 6s, prin. A int. gtd.1897 Debent. 4s, prin. A int. gtd.1897

Hllnois Central— ____let, g., 4s ..............................19511st. gold, 3%s.......................1951Gold 4s.................... ..............19522-10 g„ ..................................1904Cairo Bridge—4s..................19o08pringf. Div.—Coup.,6s-----1893Middle Div.-Reg., 5s..........1921O. 8t. L. AN. O.—Ten 1.,78.1897

1st, oonsol., 7s....................1897Gold, 5s, coupon................1951Memp, Dlv., lstg. 4s.......1951

Betlv.A So. 111., gu., g„ 4%s.l897 Ind. Deo. A W.—1st, g., os....1935 Ind. Ills. A Iowa.—1st, g, 4s..1939

1st, ext., g. 5s........ .............. 1943Int. A G. ST’n.—3d, 4s, g ........1921Kings Co.-F.El.,lst,5,g.,gu. A. 1929 Lake Erie A West.—2d g., 58.1941

North’n Ohio—1st, gu. g, 5s.1945 L. 8. A M.Sou.—B. AE.—New 7s.’98

Det. M. AT.—lBt,7s............1906Lake Shore—Dlv. bonds, 7s.1899 Kal. All. A G. R.—1st gu. 58.1938 Mahon’g Coal R R .-lst, 5s.1934

Lehigh V..N.Y.—1st gn.g.4%s.l940 Lehigh V’y Coal—Ist5s,gu.g.l933 Lehigh A N.Y.—1st, gu. g. 48.1945

ElmlraC. AN.,lst.g.lstpf.68.1914Guar., gold, 5s...................1914

Lltchf. Car.A West.—1st 6s. g.1916 Little Rook A M.—1st, 5s, g ..l937 Long Island—

1st, 7s .....................................1898Ferry, 1st, g., 4%s................1922Gold 4s................................... 1932N. Y. A R’way B .- le t ,g. 5s. 1927

2d mortg., ino.................... 1927N.Y.B. AM.B.—1st eon. 5s,g.l935 Brookl’nAMontauk—1st,68.1911

1st, 5 s ................................. 1911No. Shore Br.—lstcon.5s,g,1932

Lonls. Evans. A 8t. L.—Con. 5s .1939 Lonls. ANash.—Cecil. Br. 7S..1907

E. H. ANash.—1st 6s, g ....l91 9Pensaooia Division, 6s.........1920St. Louis Division, 1st, 6s. ..1921

2d, 3s................................... 1980Nashv. A Decatur—1st,7s-.19008. f„6s.—8. A N. Ala.............191050-year 5s, g.......................... 1937Pens. A A t - 1st, 6s, gold...1921Collat. trust, 5s, g ................1931L.AN. A M.AM.—lst,g.,4%sl945 Nash.Flor.A8,—1st, gu., 5a. 1937 So. A No. Ala., oon. gu. g., 58.1936 Kentucky Central—4s, g . . .1987 L. AN.—Lou.C.AL.—g. 4%s.l931

Lou.AJeft.BdgeCo.—Gu,g,4s.l945 Lou.N.Alb.ACh.—Gen. m.g.58.1940 Memphis A Chari.—6s, gold. .1924 Mexican Cent. Consol.—4s, g.1911

1st, oons. Income 3s, g .....,1939 Mexlean National— 1st, g., 6s 1927

2d, Income, 6s, “ A” ..............19172d, lnoorne, 6s, “ B ” ............ 1917

Michigan Central—6s............................................. 1909Coupon, 5s..............................1931Mortgage 4s...........................1940BatO.AStrgis.—Ist,3s,g.gu.l989

Minn. A fct. L.—1st, g. 7s.........1927Iowa Extension, 1st,7s.......1909Southwest Ext.—1st, 7s.......1910Paoiflo Ext.—1st, 6b ....... 1921

Mo.K.ATex.—let, ext., 5s, g.1944

Dal. A Waoo—1st 5s, gu ..,’ l940 Missouri Paoiflo— Trust 5s. 1917

1st 00U., 5s, g....................... 1920Mobile A Ohio—1st ext., 6s. ..1927

8t. L. A Cairo—4s, guar.......1931Morgan’s La. A T.—1st, 6s..., * " " "

Bid.

132100106%

io T

143

*70

105*108

103

120%

125109%10310099

108’102%

*101%102%

123

103

40*3799

104*

119118

99%

90

103%*85

Ask.

109

114

73

103

103125

10590

100101

100

94

35■105%

*30105

Nash. Chat. A 8t. L.—2d, 6s "l901 N. O. A. No. E.—Pr. 1., g., 6s..1915 N. Y. Central.-Deb. g. 4 s ....1905

N. J. Juno—Guar. 1st, 4 s ...1986 Beeoh Creek—1st, gold, 4s .. 1936 Osw. A Rome—2d,5s,g.,gn.l915 Utloa A Bl. Riv,—4s, g., gu.1922 N. Y. A Put.—1st, g. 4s fu.1993

N. Y. N. H. AH .—1st,rev.4s" 1903

105*120

107%

96*98104%

*90*87%108

*45

119105

143127L»123

*125*1251** 89

80*77‘ 66*77

58

115%

*114

*124

104102108

.........110

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

42%107%

125

i'oT*

SECURITIES.N. Y. A Northern—1st, g. 5s.. 1927 N. Y. Susq. * West,—2d, 4% s.1937

Terminal, 1st, v. 5 s ............1943Wilk.A East—1st,gtd.,g.5s. 1942

Northern Paoiflo—St.Paul A N. P.—Gen., 6s ..1923

Norfolk A South’n—1st, 5s,g.l94i Norfolk A West—General, 6s. 1931

New River 1st 6s..................1932Imp. A E x t. 6 s . . . . . ...............1934Col. Conn. ATer.. 1 s t.gu.g. 5s. 1922

Ohio A Miss.—Consol. 7s....... 18982d oonsol. 7s .......................... 1911Spring.Div.—Ist7s............... 1905General 5s.............. 1932

Ohio River RR.—1st, 5e...........193<Gen, g .,5s ............................... 1937

Omaha A 8t. Louis.—1st 4s..1937 Oregon A Oalilor.—1st, 5a, g.1927Ore. Short Line—1st, g. 6s___1922

Utah A North.—1st, 7s____ 1908Gold, 5s................................ 1926

Penn-P.C.C.AStL.Cn.g.4%sA194' Do do Series B 1942Do do Series C 1942Do do Series D, 4s, 1945

P.C.A8.L.-lsto.,7s................ 190Pitts. Ft. W. A C.—1st, 7s... 1912

2d, 7 s ....... ...........................19123d, 7s.................................... 1912

Oh.St.L. AP.—lst,oon.5s,g.. .1932 Olev. A P.—Cons., s. fd., 78.1900

Gen. 4%s, g., “ A .............1941Do do Series B 1942

St. L.V. A T. H.—1st,6s., 7s. 1892d, gnar., 7s...... ............... ..1898

Gd.R.AI.Ext—1st,4%s,G.g. 1941 Alleg.Val.—Gen., gu., 4s, g.1942N. A0ln.Bdg.,gen.gu.4%s,g.l945

Penn.RR.—1st real, est g. 4S.1923Cle.A Mar’ta—1st,gu.g.4%s. 1935D. Rlv.R R. ABdg—lst,gu.g.4s.’36

Peoria A Pek. Union—1st, 68.19212d mortg., 4%s.......................1921

Pitts. Cleve. A Tol.—1st, 6s... 1922 Pitts. A L. Er.—2dg. 5s ,“ A” .1928Pitts. Me. K. A Y .—1st 6s.......1932Pitts. Painsv. A F.—1st, 5 s . . .1916 Pitts. Shen. AL.E.—lstoon.5s.1943 Pitts. A West.—M. 5s, g.1891-1941 Pitts.Y’gst’nAA.—1st, 5s,oon. 1927 Rio Grande So.—1st, g., 3-4S.1940 St. L. A. A T. H.—Term. 5s.. 1914

Bellev. A Car.—1st, 6 s .___ .1923Chi.Bt.L.APad.—1st,gd.g.5s 1917 St. Louis So.—1st, gd. g. 48.1931

do 2d income,5s.1931Oar. A Shawt.—1st g. 4s___1932

St. L. A 8. F.—2d 6s, g., 01. A .19062d, 6s, g., olas8 C .................19061st, trust, gold .5s..................1987Ft. S. A V. B. Bg. -1st, 6 s .. .1910 St.L.Kan.A 8.W.—1st, g.,68.1916

St. Paul City Ry, oon. 5s, g .. .1937Gold 5s, guar...... ............... ..1937

St. Paul A Duluth—1st, 5s___19312d mortgage 5s.......................1917

St. Paul Sunn A SL—2d M, 6S.1909Minneap. Union—1st 6s___1922Mont. Cen.—1st, guar., 6S..1937

1st guar. g. 5s..................... 1937East. Minn., 1st dlv. 1st 5s. 1908 Wbrr ar ASiouxF.—1st, g,5s.l938

San Fran. A N. P.—1st, g., os.1919 Sav.FLAWest.—1st, con. g.6s.l934 S aboard A Roanoke—lBt, 5s.1926 8eat.L.S.AEaet.,lst6s,aS3t,pdl931 Southern—Ala. Cent., 1st 6s.1918

Atl. A Char.—Inoome, 6 s ... 1900 Colum. A Green.—1st, 5-68.1916E. Tenn.V. A Ga.—Divls.5s 1930 Rich.A Dan.—Eq. s. f. g. 58.1909

Deben. 5s, stamped.........1927Vlr’a Slid.—Serial ser.A, 6s.1906

Series B, 6s.......................... 1911Series 0 ,6 s .......................... 1916Series D, 4-5s . . . . . _______ 1921Series E, 5 s .........................1926Series F, 5 s . . . .______ 1931Gen., 5s, guar., stamped .1936

Wash. O. AW.—1st cur.gu.4s. 1924 Sunbury A Lewis.—1st, g.,4s,1936 Ter. As’n of St. L.—1st, 4%s.l939

1st, oon. g. 5s...............1894-1944St.L.Mer. Br. Term,,g. 5 s,gu.. 1930

Texas ANew Orleans—lst.7s, 1905Saoine Division, 1st, 6s....... 1912Oonsol. 5 s ,g .......... . . . . — ....1943

Tex. A Pac., E. D.—1st, g. 68.1905 Third Avenue (N.Y).—1st 5s, 1937 T. AO. 0.—Kan, AM., Mort. 48.1990 Tol.Peo. A West.—1st, g., 4S.1917 Ulster A Del.—1st, oon.,6.,5s. 1928 Union Paoiflo—

1st, 6 s .......... ...........................18961st, 6s.......................................18971st, 6s......................................1899Collateral Trust, 6s.............. 1908Collateral Trust, 5s.......... 1907Kansas Paoiflo—1st 6s, g . . 1895

1st, 6s, g . .................. 1896O. Br. U P, -F . 0., 7s.......... 1895Atoll. Col. A Pao.—1st, 6s ...1905 U. P. Lin. A Col.—1st,g„ 5s. 1918

Wabash—Debenture, Ser. A . 1939Debenture, Ser es B ............1939Det. A Chlo. Ext. 1st, 5s, g .1940 St L.K.O.AN.—St.C.Bdge6e.l908

WestN.Y.A Pa.—Inoome 5s. .1943 West Va. O. A Pitts.—1st, 6s.1911 Wheel.AL.E.—1st. 5s, gold... 1926

Wheeling Div., 1st, 5s, g .,.1928Extension A Imp, g., 5s___.1930

Wls. Cent. Inoome 5s________ 1937

Bid. Ask,

123 12480 85

10791 93

129 133107% 10912314 - - - - -118

•102% 1024

*ioi% lO'i

5674

120% 121116103% 106 110% 110% . 107 100 111% : 137%137 132 115 111%

*101%

112

No prioe Friday; these in tie latest quotations made this weak. For 'I l f ie lU iie o a o itixids-R eo 3d page preceding

*115*79 .........

*141

*99*

143%

100“

105

*105*90

11511518 115%

110103

*122*12011713

1051231251191*

108%*98

—

‘ 98 .........

*ioiiJdr " ¥ I "

*iio%107%105

i'10%

106

93

1211*74

123%

65100%

103%103%104%

9876

111115

102%

.........

*26*20

22%*i n **

23100

13

87

"n o"

9089

JULY IT, 1897, J THE CHKONICLE. 105Latest Gross Earnings.

---- ' . --- ,,yJan. 1 to Latest Datt~

Week or Mo 1897, 1896. 1897, 1896.ItmestmjeutASO>

R a i l r o a d Q u M l i g m c z .

R A IL R O A D E A R N IN G S .The following table shows the gross earnings of every

steam railroad from which regular weekly or monthly returns can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two columns the earnings for the period from January 1 to and including such latest week or month.

The returns o f the street railways are brought together sep- a~ut y on a subsequent page.

Hoads.Latest Gross Earnings. Jan. 1 to latest Pate.

Wtekorito' 1897. 1898.815.994

96,54855,888

1897. : 1896.

Adirondack..... May..........Ala. Gt. South..-lstwk JulyAla. Midland ... May........Ala. H. G.Tex. *■ Par. June

S Orl.AN. E.-4thwk J'ne Ala.A Vlotab. 4tbwkJ*ne VU*s.8h. A P Uhwk J’ne

Allegheny VaL. May........Ana Arbor....... lstwk JulyArk. Midland... May........AtoAT.A 8. Fe. May........Atlanta A Char. April___ , .Atlanta A W. P May........ 39,283Allan, Al>anr..ilat*k July 10/01Atlantis A Pao.. May........ 347,846A n tln ilS 'w ! May-------i 10 914BaltCbea.A Ati. April....... 32.700

*13,76125,55945,66539.00014.000 19,MX"198,71822,970e,t"7!

36.00016.000 18,000

200,1682t/ i i ; I ..2,506.000 2,2«H,91o: 11,902,009 11,441,458 122,607 104,402 661,530 489.487

3 187,099771,139286,483,617,954 278,244 251,119 931,84 8 647 372 36,165

»74,979706.588254,460829,188247,665254.098953,702592,44835,799

HO ADA

Ind. 111. A Iowa. May.........In.AGt.North'n lstwk July

Wk.J’ »e2tt 4thwkJ’ne June Aprillst wk July lstwk July latwk Jvxlj-Juue.......lstwk July lstwk July lstwk July AtliwkJ’ne Junelstwk July June May

ilnteroo. (Meat.)Iowa Central...Iron Railway. .Jack. T. A K W, KanawhaAMieli It. O.F. Scott AM.K.C.Metn. A Bir.Kan. C. N. W__Kan. City A Om.K. C.Pitta. AG..Kan.C. Sub. Belt Keokuk & West,I- Erie All A So.L. Erie A West Lehigh & Hud. .Lex’irtonSEaat,.... ........Long Wand__ j urie........

33 858 ».< 03 329.663 18,913 35,553

a.-- ;2703821,625.380:76,21.1

108,505

208,272 275,560 1,562,788 9-,434 112,777Balt. A Ohio.... June....... 2,1*1.115 2,189,891 12,044.0*7 11.422.62!Bal. A O. Sou'w lstwk JulyBangor AAroosi March___

BakhA Basa'ndt May........Bir. A Atlantic. June___In u u m V M t May........Bud. Koch. A Pm 1 itwfc July Boifalo A so**), May.......Bar.**. Sai>. A N* lstwk July Canadian Pacts!, lstwk JulyCar. Midland,. June.......Cent. «f Georgia; latwk JulyCentral of N. J .Mar........Central patllic ;May......Cbarleat’oABav May.......Char. A W. Car March. . Obefl.A owo__ latwk Jmy

110,194 113,7791,866:

I 1,619. 47,192 59.516 49,287 71.772 473,00- 2,600 75,4.24 978,371

1,044,817: 53356

1,5741,51552,718

7o,75144,35272,392371,0"2,93881,03'.

3.0*0.733194,06810.416 224,910 1.010,252

221,143 1,019,603: 10,184,117

24,510____ 2,4.3,10698S,.j*i 4,500,315 929.145 4,72*,337 5o,98a 293.49773.421 241,188168,126 5,515.17

3,080,003180,27210,407

239,775 1,813,501 190,774

2,1*5,078 9,52 j, 853 22,380 2*404.148

4,701,357 4/69,197 . 3,914 *.*34,317

5,184,789

Los Aug. Term. June......Louis.Ev.&St.L lstwkJr.lv Lon. H. A St. L,. ithwk J'ne Lonlsv.ANashv. lstwk July Jtarou &■ Binu.. JuneManiatique......JuneMatnphlsAChas 1-twkJulv t.Mextern Cent, latwk JulyMexican Inter*! May.......'IMex, National lstwk JulyMe*. Northern May .......{Mexican R’way Wk.J*u>-26 .Mexican So..... liitlwk June

}9tw£*!u!}M.St. t .«i,S.SL.M.: istwfc J til vMo. Kau, A Tex.'lstwk July!Mo.Pac. AlrunM lstwk J uiy

Central Brieh.-latwk JulyTotal.. ...... Utws JulyMobUeAr Blrtn.. 11 stwk July.Mobile*Ohio.,(June____l 285,504Moot.A Mex.Glf May........ 120,126Naah.Ch.ASt.L. June____Nel. A Ft. 8h*p*o 'April,__ _Nevada Central. Mayt v n it l. . . *

$64,84244,98752.400 41,2772.483 28,2*3 S 8,746 02,857 14,426 21.901 3.158 38,98512.400 8.831 4,46656,680 29,c90

20.307 402,501

8.100 23.331 12,566 370,825 3,768 15.800 19,180 239,109 240.864

100,224 48,715 73,537 12,' 60 35,124 62,580

146,108 350,000 13,00' 363.0O< 4,983

463.242 12,085 3,'. 77

85.902 54.022 44.7.0 40,977 3,822 29,549 8.103 65,364 16,883 18.706 1.742 17,522 9,980 9,422 3.7*8

66,101 33,100 18.440 395,655 7.54-: 26,889 12,690 377.195 3,840 13,It8 17,422

192,372 252,858 80,074 60,949 51,598 8,253 36.420 72,027 105,974 350,0th 10.00* 360,00* 5,118 258,380

90,818 385,1273,019

340,5631,899,5081,282.351751.94918,013115,760

249.588 2,277,337592,022 162,392 107,841 922,891 2 - 9,476 180.871 34.408 1,688,877

164,611 85.963 1,638,807 39,750 674,115

213,268 10,139,744 28,213 60,316

650,908 6.903,158 1,283,129 3,048.700 271.749 1,808,537 339,84

918,898 1,017,374 5,075,402 10,080,000 49ii.u0. 11,470.00*

155.588 1,881,267582,467 2,550,101 43,771 1.1,643

884 9,101 1,477,871 1,* 05,321 903,432 24,325119.479 238,8902,14SC62. 549,712 124,256

47,525 325,097161.479 200,91730,541

1,765,536 194,942 87,511 1,665.247 45,067

734,158 219,715 10,047,8*25 28, ISO- 66,104

614,609 5,<-27,033 1,186,726 2,455,251 347,079 1,447,598 241,237 933,090 1,739,111 5,363,194 10,597,280

349,324 10,940,004 130,133

h W * ;i U2,430,89712,309

79, '-*,4. __ ____ , .......... 167,455.

Chic. Bur. A U.tPMay__ ...CWn. A Hast. lU Utw-kJuty Chir. Ot West's tat «k July *7,9(51 75,103 2,804,854 2,307,040CWt. [fill. A L litwkJuly 58.741 60..-65 ..... ... ....Ohio.MU. A St.P lstwk July 023,862 012,702 14,372,343 15.220,806Ohio. AN’thw’ n. May ....... 2,537,439-2,87IIS , 11.422.282 12,500,935Gkle.ANo. Pae.,M»y....... 68,019 04,3*2CWe.Pee.ASt. L.JUUwk Jue 13.447 14,-.13Chin, (V*. 1, A P, Julie....... 1,233/00 1,22- .402CWc.it.P.M.AO 'May .......' 674/10- 390,971CWo. AW. Mich, lstwk July 28.208 31.308~ ~ ----------- 57,707 - —'

4.15*.12,084*298,910:1 1,484 221,927 143.342 25.039

.N.k.C.AH. R.. June. .. . 3,741.462 8,735,1 7 21,1 *8,-126 21,1 0,666N.Y.Oiit.AW-iUtwkJuly 75,206 ....................................... ~“N.TMuau.A It . .May........ 181,922’Norfolk A West; lstwk July 184,015;Nortbea'aitia.) April.........* 3.565Sorthea'u *3. C.): March....... f 0.%oiti'Nortli’n Central; Slay.......... I 491,5 2-N'orlh’l) Pitalflt utiiwbJ*,,.. ai0 653|

2.670 18.935 IV." 10 47 53s.

309,000

Chot).Ok.A CHttfiMa?____Cls.Ga. A Porto,:; Marsh___can.Jack.A Mae lstwk MarOln.S.o, AT.P.:June.......(Ber.Caa.Ahe. lstwk July <XCta.Cli.A8t.l-: lstwk JulyPee. A S»a;'it May........Cl-Lor. a Wheel latwk J u!>Col. Midland__June....... ‘.. I47-/74

213,057 0,679

40,904; 1,5*8- 1,471

Oat. H. V .4W . J ....Cot ARedMouat; April..... .C " L a tit Id wkajmsc Ouluaa A Lake. June......Crystal.......... Slay........................Csxnb'i’0 Valiev May....... 50,699Dent. A P.lo *,r lstwk July 160,900 Oea M. A Ka».C 4th wfe J*ue; 0M.M.N.AIF.. Jane.. .. Dwt.f4.8ap.AW tstark JulyD«t. A Mac kina*- SI ay ..... ’DulttthSAAAt: lstwk July NiklnJoi.AEaal. SI-v*.Erie..

3,378 36.4! 0 23,074 42.10032.353

. . 79.109 . . . . ..... . .„ . t......May-........ 2,710ps75'3 638,700,11^89,310:13,067,812Jarekaiprlag* -May........ *,s*0:> ' 5,007 24.13. 24,493*ran*.Afn,rpU» lstwk July 5,375•vans. A Rich.. 4tb«kJ'ue 3,444Xra&sa.AT. U. lstwk July lfl,*80Ktonburg........ May........ . 021.720-

56,7174,72111.278;278,73214.200

237,308140,716;27.*.m<153/6-8lao.vsti;'48/120

i,i*K>;74102/189,04933,557

24.1344.3.85247,00090/80;

349,014- 31(7,04- 0,"»5,<i48 2,811.27a 771,084* 421,01.5

12.049 233/00 1,718,812 3*2,707;

6/45.731 068/41; 031,8*2 783.50-

1,115.12" *2,191 348,874 b.aoo 4.443

277.420 3,322.838 72/30

192,0.*» 1 019/8® 213,840 724.944 458.855

332/70 449,774 7,158,791 2/56/28

757/77 431,303 13/80

230.408 1,050,383 341,0-8 0/59.408 710.077 717,633 l*i-s -So 1,219/70313.9005.900

6,187312/678,083,36950,300213/0456.-i.481

219,7951,007,488543,345

75,155 190,983 198,740

3,447 54,082 498,3. 3

588,148 2.8 1

20.908 11,118 63,135 2S2.660 371.113

456.1' 0 *60.8*8

.NVrth’u PiietHi; i ItSiWk J*ue OoMae * W«w.|»av ,Ohio Hirer...— lstwk JulyOhio tttv.A t ha, June ____Ohio Southern. j j „ tl0...... ;

. 2/o.i.ot.l 2.451 '-13 U.Mlf.71 I 12,-67.510 ' ia -U,.e f c ' .....i* m s i b m m S S ttr a l T ; g g ::r .:r

Pennsylvania., Slay .........5,006.567 5,173.0"?Persia Dec. Afcv ..utwkJuiy U.»3l ,5,-02Petersburg----- Slay....... - 02 808 58.633PW1A A Lrlt May ........ 351.718, 301/63Pttila. A Head. M.;,y....... 1,013,102 1 019 75s

Coal A Ir.Co. , May-------4.037 009 1,05* 901Tot. both Co's May , ... 3,250,711 3.8- 2.050Ph.Kcad.AN.fc May........ 51 *01 86.381PhlL Whim. A B. Stay........ 824,758 So ,058Pltt*.C.C.A BLL *Juu«___ 1.1-8,813 1,198,235FU'L».Lislfc.tW’n Jiim. '4 *4 .1'i,fPlH«,LI«h.AWu-,Juius, Plttk.Ite-.AL.fc. Jutie

plttwh. A Wca'iiajstw-k July' Puts. Cl.ATuL lstwk July PlUe, P», AF.'IstwkJulv' Total system..TstwkJuly;

3.4t)»i 63 480: 33,724 18,232* 8,0*3 j 60,979

Pilot. A P',Mar*j. lstwk July 53.3301Pls.esiit, A Pea, i*twk J’oe! 52,507Pt. W*U( ADen.C. lstwk lit] y 10.003Pt- W. A Bio Or. June....... 17.7*5OaAs. A A lt c . June........ s.lVOeorklaHK.......lstwk July 21.456Oeor/a « Ala.. 4thwk>t»y;- 23,304Od.Car'la ANoVMay,....... 0O.--08Owo. 8o. A PI*. J mot...... * doji itOr. Rap. A iml.,, lstwk July 33*,<WOOn. ft. A FLW. lstwk July; 7/01

Traverse City. l*t«kjui;, 828Mils. 0, K. A I. latwk J uiy 3,21 * Tot all lines lstwk July 49,003-

Orand Trank.. IstwkJulv 853,060:catc, A Or. Tr ; tthwk J'ai- 73,104!D*rt.Or.H.AM. itfewkj'ue!* 22,713Clxi.i»g.A; Slsc: Atixwk J’n- 3,107Tnl.8.AMiisk i4thwkJhie’ 3,110:Great North'n-

4/00 2.0U-

19.302 017.659, 61/07; 41.02- 17,850' 10/5 4 1/581 21/34*19,000 49/05 67.3 *4! 40.781 7/57 1.770 2,403

5 J.3-1 851,474 03,Bell" 22,080 3,003 2,895

131,04538,0411

501,713 2.73V.-J0J 1 /7 .233 l,0«0.7n0 507,132 137,0-9

4/80; 747/75 417,711 37-/91 406/27* 831,830, 178.064;

19/36 58,865 1,204,495 0,780,205! 1,430/33 458.90s;

54,238 50/93

140/78 53.729 503.402 2,893.806

1/86,89* 968,750 417,628 147/48 5.432 710,-22 200,192 320,435 425,241 1/10,134 210,27*2 20.180 05,603

1/1.7,240 0 042,287 1/96.147 430/42 05,297 33,127

Bt. P.M. A M. June--------1,148/46 1,381/03 0,1*28,010 , 6,209/07HMtefMthO.. Jouts....... 149,610 '145/95 (109,907 708/08M.-atanaCeti:. June....... 184,218 17-1,819 901,359 950,007Tut, sysis.ru June....... 1/80,271 1,601/21 7.750.330 7/74.970G'lfB'nmtAK.f June....... 10,127 7/72 57,812 39.237

OultAChi.-torr. Ju ...... 2,470 2,131 20,695 18/37Bo66.Tun.AWtl.. May........ 5,483 8,34! 1 9 /f- 21,172IlmwATer-Ceti May........ 179,2*27- 176.70:3 1,148,10. 1,125.0-3Bttuala Central* June....... 11748520 1109011541000310! (10374048IN .lW .A fei. JrtwkJuna 7.225 7.691# 104.792 212/39

Ptn.T6UBg.AA. May ....... 133,855Wutucj O.A K.* . Jin,..-. . . . . . i *— •*••*’KlelhPr’ksSi AP. M.iy.........Itiob.A Petnrsh. SI uj........ :RIO Ur. South'll, latwk July:Wo Gride West. U wi July it. J os. A Ur. 1.,.: 1st wk J u iyStL Ch.A HL P. May ......it.L.Ken'etA5u. June ....,.*Bt-LASan Prat). Slu> ........-8t.L (southwest, lstwk JulySt Paul A o m . . „ .......Ban AULA A. P. Star .......SaaPran. A N.i*. j anBar. P1».A West.,3l»v____Scab r-1 Air Line .1 pt 11.......6her.ihrHV.ABa.) ttawk Jhu- SU,tjpt».0. * « . Slaysiivemn__.-a.ilttvon&East So, Psalttc Co.

GaLilar.A i.A Louis’s. West. Montstt'sLAT. N.Y.T. A >J.;j Tex. * N. Orl.. AtL Prophet*, e Pst-Hb' system

Total of ail./ So. Pao. of Cal Ho,l’ ,4»-.*)fAri.-. So.Pac.ofN. M. Northern Ky. Southern Sr..,.

Bpok.rteANor StonyCl.AC.Mt. Huiumlt Brsneli. Lyk. V si. coal. TotT both Co'* Texas Central.. Texas* Paeitki. T*x. 8.V.A N.W. ToLA-GhioCeiit. ToLP. A Weal.. Tel.SI. L.&K.C U n i on Paciilc— Union p. Kit.. A'-h-C'.il. v P. , Aoll.J.C.A W)

Cent.Branch a

Juno......June.......Slay....... .May........May........M ap

20 010 76.476; 35,007 0 2*20

81.0O0: 15,*00 2*2,0571 4.855 511/70

73,400 138.892 144,858!71.093 27 H,243 303/28 8,84.2 22,915 5,800

2,5a5337,937 70.941 390.104 23 341

3/9454,32030,02414,79010,30.)01,719

100,80224.030 76 :>!».! 31.0218.083

38/3" 11,7. 022.030

1.88' ,020 828/04 5,209,848

19/70 179/0 2.554,110 7,011,«81 14.2--0

439/89 -9.810 314,289 1,2»«,089 1/08,420

2,119/20 1,-9. ,981 24.404.176 480.769 159,503 1,400/52; 7,749.4 .7 7,100/01

1,807,20*3 849/30 5,780,-02 21,870 10-/19 2,401/65 7/13,713 14,102

49.,,718 89,110 374j.u0 1/13,425

1,930,100 2.0UU.327 1,198,114

26.199.070 •424/71 253/46 1.548.075 8.038.512 8/18,40414/84.818-18,350,910 231,000 200,018

May........ 118/57May........ ; 9*4/60May*........2.0.M 2May........ 3/07 307May........ I 788.271May.......... I 212.838Slay........ i 120/70May ....... 172,722UtwkJuiy 314/74

54,168 2 / HI 00,319 07,049

April..Slap........Stay........May........May..... 133,308Ithwk J'nc lstwk JulyMay........lstwk July lstwk July lstwk JulyMay........stay........lstwk July

4,201 90/02 2,0-5 24/69 17,548 89/32

1,210,53035,14013.000

454.342 75,00u 125.254

127.032 70,862.

288,133. 270/10 4,020 24,50-1 4 631 2/67

378,77100,005

0,788/00 22/79 205,4 09 807,7t>3 •105,708 161,040

1/70,177 417/16 144/30 300,105 147,205 160,538 1,253.307 51O.O20 117,818 24/87 2,403/00 2,120,500

030,218 777,253 334/29 1,508/21

7,250/97 20 001 301/77 801,079 415,142

182,821 1,494 131 520,027 147,125312 610 148,500 227.253

1,140,022 299/04 114,219

335/51 2.100,86710/45 97,40-9 895,159 2,428,20i 3.542.024

7 8 0 /2 2 180,021 90,743

161,801 3i0 044 20,890 2,411 711.2-2 00,881

146.K-3 4,453 88,050 2,504 39,424 10,610 40,241

1,109/14 23,398 1 0 /0 0

124.25380/2510/787

1,810,574410,502110,751 634.285 5.128,007 12.220 807

18,3«8/24 3,753/37 1,082,817 570,005 787,7»1 0 /32/45 201/76 0,024 333/62 330.849 004/11 104,3. 5

3,135,581 13.190 843,720 437,74b 1,071/975,404,06

177,064490,000

2.394,107 2 256 017 0*25.530 679,251 342 220

1,441/76122 406 90,215

9,3752,045,534 378 876 l/bl.743

81 031 640.740 5,088.095

12.200.1 31 18,323,064 4/70,518 1 007,433

501/71 787.415 0,140,4:* 3 110/64 7/03 404.015 370 027 775.442 100,820 2,932/77

12,020 907.731 498/26 1,010,458

5,032/75120,125340,324.

t h e c h r o n ic l e [VOL. LX Vl OB

Roads.Latest Gross Earnings.

WeekorMo 1897. | 1896.

Un.Pao.—(Oon.)Cen.Br.&L’dL

Or*d total.Un.P.Den.AO..Wabash. ..........Waco A North w.W. JerseyASetPe W.V.Cen.&Pitts WestVa.de Pitts.Western of Ala.West. V.V.&Pa.Wheel. & L. Erie Wll. Col. A Aug.Wisconsin Cent.Wrightav.&Ten.

Southern. . _______________________ ____________________________• Figures given do notiueludo Oregon Ry. & Nav., Un. Pao. Denver &

Qulf Denver Leadville A Gunnison, Montana Union and Leavenworth Topeka A South western, a These figures i no hide results on leased lines.

b Includes earnings from ferries,©to., not given separately, t Mexi­can currency, c Iucluds only half of lines in which Union Pacific has

ft J/’ hiofudes operations of the Chic. Burlington & Northern in both

$ Covers results of lines directly operated east ot Pittsburg, t Includes St. Louis Alton At Terre Haute for all periods.

May.......... ,ithwk J’ne letwk JulyMay..........May..........May..........April........May..........Istwk July j letwk July March----- 1ithwk J’ne M ay..........May

79,381.,455,140

60.618193,786

14,451194,38398,24734.54746,21454,70021,59356,180

1 13 .W5,3725,700

52,961 1,257,979

58,009 230,788

13,850 204,392

98,155 34,706 38,177 59.900 31,520 52,869

117,190 5,771 6,031

Jan. 1 to Latest Date.

1897.

$407,826

6,545.6441,580,7755,580,150

85,383801,843455,772117,942257,169

1.337,764517,345180,096

1,940,31533,10925,826

1896.

$281,880

5,831,320 1,462,282 6,060,631

91,290 823,050 472,875 119,862 217,537

1,42 _'.413 693,095 180. fc84

2,022,852 39,723 24.846

At/i week of June 1897 1896 Increa' Deer •/*«*•

* * * 9Chic. Peoria Ac 8t. Louis. 13.447 14.37 <

20,4791.426

01»*ve. Canton & South’ ll. 18.170 2,303Dos Moines «fe Kan. City. 3,378 3.049 329[nteroceanio (Mex.)........ 52.400 44,720 7.630Kan. City Ft. 8. A Mem.. 84,431 86,03 t 1,603Kan. City Mem. A Btrm. 19.8 30 20.374 494Keokuk -te ........ 8.811 9.422

1,380Memimis A Charleston. 38.53) 39.911Mexican Railway.......... 73.537 51,593 21,939Mobile At Birmingham... 6.319 5,556 763Northern Pacific. . . . __ 518.655 589.148 69.493Sherman Shreve. At So... 3,843 4.0 36 183

4,261 4,453 192Toledo Peoria & West’n . 17.807 20,996 3,189Un. Pao. Deri. & Half___ 60.618 54.009 2,609Western N. Y. & Penn. . 71,100 77,10 > 6,00 >

Total (85 roads*..........Net increase (1*39 p. o.)

9,018,308 8,8 :i0.342 520.717167,966

352,751

Net S ir ni ncs *1 on till/ to j a test Dates.—The following shows the gross and net earnings to latest dates of all Stsam railroads furnishing monthly statements. The compilation include? every road from which we can get returns of this character and in that form is given once a mouth. Early re

Latest Gross Earnings by Weeks.—The latest we kly earn­ings in the foregoing are separately summed up as follows :

For the first week of July our preliminary statement covers 66 roads, and shows 1*27 per cent increase in theaggregate over the same week last year.

lei week of July. 1897. | 1896. r [ Increase. Decrease.

S * $ $Alabama Gt. Southern... 26,540 25,559 987 ___ -Ann Arbor ----- 22,404 22,970

1,498566

Atlantic & Danville...... . 10.^61 9,063 ............Balt. & Ohio Southwest . 110,194 113.779i 3,5*5Buffalo Roi'li * F Ittsb’K 59,516 70,751 11,235Burl. Perl. Ban. A- North. 71,772 72.' 92 . . . . 620Canadian Paeiffe............. 473,000 371,000 Ir 2,000 ..........Central of Georgia.......... 7 5,424 e l,036 ............ 5,612Chesapeake Ac O hio...... 167,455 168,126, 671Chicago A East. Illinois. 69,539 80,802 11,263Chic. A* Great Western.. 87,961 75,103 12,855Chic. JndiHDap A I......... 58,741 60,365 1,621Chicago Milw. Ac St. Paul 623,862 612,702 11,160OhioagoA West Michigan 28,268 31.369 3,101

2,776Clev. Canton Ac South’n.. 11,48 i 14,260CJlev. Cin. Chio. At St. L.. 221,9^7 237.86S 15,441

1,410Clev. go rain At Wheel's.. 25,639 27,049Denver A Rio Grande^.. 166,' 00 133,900 33, OODet. Gd. Rapids A West. 2 .',07 4 24,134 1,0. oDuluth So. Shore A Atl 32,353 47,600 15,247Evansv. A Indianapolis.. 5,375 4,806 569Evansv. & Terre Haute.. 18,886 19,362 476Flint, ffr Pere Marquette.. 53,336 51,267 2,069Ft. Worth & Denver City. 19,603 17,550 2,053Georgia.............. ............. 21,456 21,534 78Grand Rapids & Indiana 38.090 40,761 2,671

Cincinnati R. <fe Ft. W . 7,561 7,357 2041 770

Musk. Gr. Rap. A Iud .. 3,2 4 353,056

2A93 721Grand Trunk of Canada. 351,474 1,582Intern’l A Gt. North’n ... 44,987

8,74654,022

8,1839,035

Kanawha At Michigan---- 583Kan. City Ft. 8. Ac Mem. 62,657 65,364 2,707Kan. C. Mem. Ac Birm___ 14,426 16,983 2,457Kan. City fdttsb. a Gulf 38,985 17,522 21,46)Kan. City Sub, B e lt...... 12.400 9,980 2,420Kansas City A: Omaha. .. 3,15* 1,742 1,416

56,68023,331

66,10126,889

9,4213,558Lnulsv. Evansv. Ar St. L

Louisville At Nashville... 370,825 377,195 6,370MenuhisAt Charleston.. 19,180 -17,422 1,758Mexican Central.............. 239,109

100,224192,372

80,97446,737

Mexican National ........ 191250Minneapolis Ac St. Louis. 35 124 36,420 1,296Minn. St. P. At S. Ste. M.. 62,580 72,027 9,447Mo Kansas & T-rcas....... 146.10* 165,974

350,00010,000

5,118

19.866Mo Pacific & Iro \ M t... 350,000Central Branch............. 13.000 3,000

Mobile & Birmingham... 4,983 135N Y. Outario Ac Western 75,206 75,155 51Norfolk At Western.......... 184,615

18,93514,434

198,740 20,968 15,5.*2

14,1252,0331,068

Ohio River....._................Peoiia Deo. & Evansv...Pittsburg Ar western...... 59,97 9

6.22061,719 i;?40

1,863Rio Grande Southern___ 6,083Rto Grande Western*-.-. 81,000 38,330 42.67d8t. Joseph At Gd. Island.. 15,4U0 11,700 3,700ht. Louis South western.. 73,400 75,900 2,500Southern Railway.......... 314,074 320,044 5,970Texas & Paciho .......... 96,462 88,050 8,412Toledo At Ohio Central... 24,663 39,424 14,755Toledo Peoria At Weet'n.. 17,518 19,516 1,968iol. St. L. At Kan. City... 39,432

193,78654,700

40,241236,788

69,900809

43,0025,200w*«t n . Y. At Pennsylv

Wheeling & Lake Erie... 21,593 31,520 9i927Total (66 roads) .......... 5,785,981 5,713,450 320,161 247,630

Net increase (1*27 p. c,).. 72,531'* Earning are large this year on account of heavy travel to Chris­

tian Endeavor convention in 8au Francisco.lo r the fourth week of June our final statement covers

85 roads, and shows 1*89 per cent increase in the aggregate over the same week last year.

Alh xoeek of June. 1897. 1896. Increase. Decrease.

Previously rep'd(66 r’ds) Ala. No. A Tex Pao.—

New Ore. & No. East...Ala. & Vicksburg........Vicks. Sh, A P ao........

$7,953,094

36.00016.000 18,000

$7,729,594

39.00014.00019.000

$485,397

$261,897

3,0002,000

1.000

turns ar published from week to week, as soon as issued, but for the convenience of our readers all the roads making re­turns aie brought together here in the week in which we pub­lish out monthly article on net earnings—say on or about the 20th of the month.

The returns of the street railways ive give by themselves under a separate head at the extreme end o f these tabulations

■see paqe 109.. Gross Earmngs. *.— Xet Earnings.--

1897.$

1896.$

1897$

LS96.$Roads.

Adirondack............. MayJan. I to May 31.......

Alabama Gt.Soutli.a.MayJan. 1 to May 3 1.......July 1 to May 31....... '

Alabama Midland__ MayJan. 1 to May 31.......July l to May 31.......

Allegheny Val'ey MayJan. 1 to May 31.......

Ann Arbor..................MayJan. 1 to May 31.......

Arkansas Midland.. . MayJan. 1 ro May 31.......

Atch. Top. & S. Fe.b.May 2,503,000Jan. L to Mav 31____11,992,003 1July 1 to May 31. ...28 ,179 ,L77 26,830,323 t7,354.383 16,500.133

15,994 13,781 2,38 ) 1,9358 7,099 74,979 33.312 27,9 *7

118,455 111,214 14,769 10,878620,*77 563,60-1 13 *,417 110.995

,479,923 1,521,667 471,276 437.28155,568 45,665 11,862 3,497

285,483 254,460 42,475 31.8 -1621,702 574,507 10 i. 3 26 86,133206,163 198,718 83,641 74,738931,848 953,702 341,001 317,459100,200 92,744 30,935523.098 465.532 173.44 i ______

7,511 6,197 2,070 def.2,33836,165 35,799 def. i,o 15 def. 1,160

!,503,000 2,269,910 1463,933 1431,^27,992.003 11,441,45 3 2.367.784 2,954.622

Atlanta & W. Point.. 4 ay 39,233 33,653Jail. 1 to May 3L....... 2 46,274 206,272July 1 to May 31.......... 5L6.637 4 9 ‘,369

Atlantic & Danv’e.a. May 43,251 45,507Jan. I to May 3 1.......... 213,030 227,045July 1 to May 31.......... 495,164 523,863

Atlautio A Paciho....May 347,640 329,063Jan. 1 to May 31....... 1,625,389 1,502,886July 1 to May 31....... 3.272,433 3.339,463

Austin & Northw’n. May 10,914 18,913Jan. 1 to May 31....... 75,211 9S,434

Baltimore Ac Ohio.b.May 2,027,328 2,006,386Jan. 1 to May 31....... 9,859,972 9,232,730July 1 to May 31___ 23,373.321 21,965,740

Balt. & Ohio Southw.Apr. 491,275 486,938Jan. 1 to Apr. 30....... 1,930,065July 1 to Apr. 30....... 5,076,104

1,994,154 5,444,950

Bath A Hammonds..May 1,666 1,574Birin. & Atlantic.b..May 1,752 1,679

Jan. 1 to May 3 1....... 8,797 8,89 2July 1 to May 31....... 22,155 23,902

Brunswick & West. May 47,192 52,748Jan. 1 to May 3 L....... 224.910 239,775July 1 to May 31....... 520,319 528,253

Butt. Roeh.A Pitts.b..May 295.890 269,140Jan. 1 to May 31....... 1,293,814 1,256,792July 1 to May 31....... 3,088.849 2,893,817

Buflalo & Susqueh.a.May 49,287 44,352Jan. 1 to May 31........ 221,142 190,774July 1 to May 31....... 530,931 448,112

Burl.Ced.R. & No.a..May 317,081 316,057Jan. 1 to May 31....... 1,506.416 1,760.829

Canadian Paoitlc.a.. May 1,980,295 1,724,869Jan. 1 to May 31....... 7,712,117 7,484,432

Carolina Midland— May 2,454 2,609Cent, of Georgia, a..May 332,328 314,223

Jan. 1 to May 31....... 2,048,779 2,096,741July 1 to May 3 l ....... 4,943,938 5,042,336

Cent, of N. Jersey.a.May 976,376 988,384Jan. 1 to May 3 1 ;.... 4,500,515 4,701,357

Central Pacific..........May 1,044,817 929,145Jan. 1 to May 31....... 4,728,357 4,569,197

Char. <fe Savannail ..May 53,356 50,886Jan. 1 to May 31....... 293,497 273,914July 1 to May 31....... 520,133 493,435

Ohes. At Ohio.a.........May 854,582 837,975Jan. 1 to May 31....... 4,438,124 4,190,518July 1 to lUav 31....... 9,846,053 9,400,982

Chic. Burl.&Quin.bl. May 2,800,061 2,451,018Jan. 1 to May 31........13,919,714 12,867,510

Ohio. M. A St. P .a...M ay 2,359,640 2,257,920 Jan. 1 to May 31........11,029,923 12,009,165July 1 to May 31....... 27,763,208 30,076,889 10,815',446 11.992; 135

Chicago & No. Pao...May 63,919 64,342 44,806 41,778Jan. 1 to May 31....... 349,014 332,570 267,604 225,654

Chic. & West Mich...May 127,111 117,034 20,471 13,985Jan. 1 to May 31....... 617,749 606.936 117,553 88,768

10.473 -5,521

267,928 10,3 53,264

126,0 5 102,961 375,189 750.884

1,132 18,575

303,935 1,682,673 5,067.435

126.477 513,414

1,503,025 131

13 958

5,300 17,783 65,224

177.782 80,582

411.529 1,020,806

25,416 102, •'<54 273,262

79,530 499,811 875,570

2,731,066 def.234 62,2(6

630.744 1,757,234

341,146 1,435,065

410,620 1,641,8 12

18,736 101,863 143,193 255,458

1,290,603 3,16 L,275

838,662 5,327,334

789,627 4,030,568

10,143 7 6,204

20 J,918 9.481

4 9 .3 »i 1 26 152

85,725 29L.238 456,757

5.661 26,140

389,342 2.176.031 6,230,986

131,167 566,936

1,822,387 def.273 def.143

del 1,3 2 6 1,104

18,265 68,683

139,666 91,294

383.238 882,170

21,292 73,458

200,241 74,509

577,080 637,490

2,484,933 del 12 34,530

584,742 1,695,332

313,956 1,463,890

279,237 1,430,6 L6

11,806 77,654 98.849

271,947 1,260,690 2,986,706

629,153 4,139,859

671.131 4,089,540

JCI.Y 17, 1897. J THE CHRONICLE. 107 -Gross Earninga.- Nct Earnings. -

Roads.Choctaw Okta. A G. May

Jaa. 1 to May 31......No?. 1 to May 31.......

Oin. Jack. A Mack.b. Mar. • Jan. lto.M»r. 31. . . . Ctn-N.Orl.A rex.P.a May

Cleve. Canton A So..May Jan. 1 to May 31. .M

Peoria A Kaat'n a.. May Jan. L to M »y 31. .. .July l to May 31.......

Cler. Lor. A Wheel... Apr.Jao. 1 to Apr. 30.July 1 to Apr. 30.

Colorado Midland.. .May Jao. 1 to May 31.

Oolumb. A R*d Me . Apr.Jan. 1 to Apr. 30.......

Col. 8an. A Hocking. Mar.Gryatai.......... . .. . May

Jan. I to May 31.......Cumbrian 1 Valley .May

Jan. 1 to May 31. ...Den. A K Granue.b. May

Jan. 1 to May 31 ...July 1 to May 31....... 6,323.239

Dee Moines A K. C..Apr. 11.440 Jan. 1 to A p r . 30 ..... 48,6**

De* Moinee No.AW, M »y 28.585 Jau. 1 to May 3i. .. 157.215

Det. Gd. Hap. A W.a.May 1 >3/# ?7Jan. i to .May 3 1....... 497.02 #

Detroit A Mack*o.a..May 42,1*QJan. 1 to May 31...... 313.840July l to May 31. . . . 350.2 0

Elgin Joliet A £.a . Apr. 101,*73 Jan. I to Apr. 30. . . . 379,6*0July 1 to Apr. 30, . . . 3 >9.514

fine ........................May 2.710,875

§57.767

421.0*5678.820

$56,717 4 51.303 6 44. M7

$9.0 a 100.014133,011

$0.702

82.20 > 125,52 5

58.436162.730

59,371103.473

5.32*11,470

6.79417.910

804.818 1.119, ‘02 3,111.174

294.4581.371.0513,407.132

109.229 498.001 992,92 4

59,859333,438968,553

57,363 255.02 4 632,280

63,5 16 2 12.9 W 612.339

11.460 33.6*9

104.55 415.917 53,537

140.9 50I, 087.48* 1,051.579 5.310.000 5,151/(58

I I, 999,4*8 12,533.552215,537

1.337,0063,015,142

2U..-.23 1.205.220 3,162,537

141.342 668.3 41

1.501.718140,716 7W.977

1.751,13 120.470

130,147 310, #23

25.200164.591425.503

. 112.88 5 371,902 970,394

120.922 *u7,ol9

1.3 *3,94935,700

120,948298,212

40.496104.9513*7.894

115,446 637.63 4

179,320791,292

>9.4 38 118.60 7

61,5.6 2 ji.ulu

0,07942,191

def.2.32 l. , . . . . 9, #Ol . . . . . . . .

56,337 57.464 5,911 6.6041.4714,143

74'5,1*7

i3d2.10*

def 510 def.38#

56,539277,149

63.510312,167

10,10003.408

11,01783,420

558,0192,550.83*

591.0*22.912.709

23 4.071 1.055,89 •

217,131.0*9.175

0.095.039 10.931 37.100 34.145

100.3 45 94.39 T

450.810 43.052

219,7115 395.9 -9 102.431 440.750

1.000.197 2.030,70 J

Jau 1 to May 3i___.11.909.310 12.007.512July l to May 31. ...20,590,232 20,901.990

Eureka Springs........May 4,989Jan. 1 to May 31. . . . 24,132

Flint A PereMarq.a May 200.58*Jan. 1 to May 31....... 1.102,119

Ft. W. A Dear. Cuy..May 87.819Jan. 1 to May 31....... 40 #.018

Gadsden A Att. Un June 837Jao. i to Juuo 30 . . . 4.380

Georgia.a ........... M %y 100.149Jau. 1 to May 11 ....,July 1 to May 31.......

029.907 1.493,486

79,262 420.509 945.702

69.617 400,927 803, >4 2 189,811 955,4 >5

5.0/7 21,49 1

204.617 1.127,164

70,708 30 >, 455

1 /50 5,4*2

84.210 008,**00

1,393,310 65.158

270.793 550.011

67.354 425,241869. as197,598

1,051, *>.3 1.459.177 0,806,390

204.724 1,340.464

70.322 350,054

3.026 10,380

4.365 15.831

174,798 1,125.083 1,044.454 6.883.933

Georgia A Alab a.a.&MayJan. 1 to Mar 31......July l to May i 1.......

Ga 8 uth. A Fla.a. Jane Jan. 1 to June 3o ...July 1 to June 30 . . .

Gd. Rapid* A Ind. May Jan. I to May 31 .....

Gr.Trunk of Canada.May 1.450,247 Jan. I Ui M iy 31. .. 0,41^.012

Ghic. A Gr. Trunk. May 220.000 Jan. 1 to May 31 .. I,l9o.8o0

t Det. Or. H. A Mil. May 78,558Jan. 1 to May 31....... 344,164

Gulf A Chicago.b .. May 3,494Jan. 1 to May 31....... 18.225

Hoo*aeTun.A Wilui. Apr. 3.350Jan. 1 to Apr. 30----- 13.912

out. A Tea. Cent. .May 179,227Jan. 1 to May 31...... 1.140,107

Illinois Central* ; May 1.834.77 4Jan. 1 to May 31 ..... 8.944.665 . . . _July 1 to May 31...... 20.3.00,053 20,312.727

nd. Deo. A West. b.. Feb. 37,454 . 35,414Jau. I to Feb. 2o....... 74,408 00,142July l to Feb. 24....... 318.212 337,867

Indiana 111. A Iowa May 6 4.642 65.902Jan. 1 to May 31....... 34»).->63 349.10!July 1 to May 31....... 685.781 733.271

Iowa Central. b ......May 132,220 127.243Jan. 1 to May 3 t ._ 0l6/»25 770.0-8July 1 to May 31..... 1,430,706 1,717.290

Iron Railway b........May 3.022 3.789Jan. 1 to May 81....... 15,530 20.503/a ly l to May 31...... 35,354 44.648

Jack. Tam. A K .’V . Apr. 28.224 29.549Jan. 1 to Apr. 30. ... 115,76# 119,479

Kanawha A Mleb b..May 44,646 36.858Jan. 1 to May 31....... 2>#l.4*i 195.428July 1 to May 31----- 439,427 439,377

Kan. C. Ft. 8. A M.a . May 301.283 332,671Jan. I to May 31...... 1,903,264 1.411.054July 1 to May 31....... 4,248,403 4,203.149

Kan. C. Mem. A B.a.May 96,831 81.011Jan. 1 to M«y 31 ..... 501.549 460.807July 1 to May 31. . . . 1.158.603 1,112,162

Kan. City Pitta. AG.M iy 193.515 63.561Keokuk A Weai’ii b .Apr. 28,9 -2 33,627

Jao. 1 to Apr. 30....... 121,9 93 138.336L. Erie AIL A 80.a...May 4.199 3,784

Jan. 1 to May 31..... 29.937 20.752Lake Erie A West t» Mar 279.38 4 283,783

Jan. 1 to May 31----- 1,342,509 1.104.457Lehigh Valley HR...May Dee. 92,930

Jan. lto M ty J l...... l#eo, 226,915Deo. 1 to May 31. Dee. 354,580

2.592,389 def 776

11,013 def 5.233

23.5 J 7 20.771 95.3 J 7

4.203 61.351 80,847 40.4#5

141.10# 310,027 710/435

2/432.4 O 7.318,. 09

der. 13 1 M.381

41,271 251,100

8.018 71,125

352 1,063 7,210

152,1*4'# 1C 410,798

17,44391.00 "4

271,47515.202

116,515 272,434

42.612 241,656 552.106

1,921.835 42.159

137,203 le.991 02.822

der. 136 2.834 1.514 9.32 4

der. 401 182,712526.230

2,735.53*2 0,155,179

14.05428.040

109,43316.000

118.705 189,50339.037

171.0 46 423.429

603 4,143 7,818 7.372

21,161 12,151 42.634

106,083 d ll 5.743

544.705 1.352.754

16.570104.230 311.90568.932

35,631def.1,177

4.47891.986

526.050Dec.I110.Inn.

2.925.1*0 4.708

14.670 10.4 41 01,909 11,215 54,992 11,864 79,2 i b

127,739 36 103

|A k.rl < # 373.5*08 640,844

*2,04 t,i IS 7,207.93 >

1,521 11,541 44,225

273.756 376

25,966 459

3.792 6.734

15*2.4 *4 K 125,954

14.366 77,581

151,070 477

76.115258.7 *730.730

190.489493.8 43

14070,45046.529

124,421 0.170

15,179 606

2,624 1.189 3.528

def 849 150,219 350,451

2.449,637 0.055.882

12.227 32. -36

113,01214.730

112.838224.838

30,025276.357 048.190

801 1.738 2.578 6.919 7,924 7,599

47.083 101,128 106,4 46 5 11,920

1,300 469 15.843 83,288

223,118 12,754 12,937 58,433

def. 25 2 1.912

102,256 598.520

21,831 108.555

14,700

Roads.Lehigh Val Coal Co.May

Jan. I to May 31......Deo. 1 to May 31. . . .

Lexington A East’n..May Jan. 1 to May 31... .

Lc2l»r.Hend. A St. L. May Jan. 1 to May 31....... 1

■Gross Earnings.— 1497. 1890.$ $ Dec 111,440 Deo. 530.9 M

Deo. 414,091 20.307 85,963 34,985

—Net Earnings.-----1897. 1896.$ $

Inc. 38.579 [no. 260,44 )Inc. 310,117

3.267Louisv. A Nash v.h.. May 1.664.035

Jan. 1 to Mar 31... . 8,118.739 July l to fay 31 ...18,714,057

Macon A Binning .May 4.141 Jau. 1 to M tv* 31. ..I 24, 11 •July l to May 3l. .. 54.2 *9

ManielHiue........ ..May 9.528Jau. l to M iy 31 .. . 44.516

Memphis A Cbaa’n. May 110.787 Jau. 1 to May 3*. . . . 524.842July 1 to Ma* 31....... 1.254.154

Mexican Central......May 1.090,340Jan. 1 to May 31...... 5.4 60.9 48

Mex. International.. May 210,86 4Jan. I to day 31...... 1,2*3.129

Mexican National .May 5 >6.211 Jan. 1 to May 31. ... 2,519.375

Mexican Northern. .May 44,715Jan. 1 to May 31_ 271.749July 1 to May 31. 544,044

Minn. A 8t. Louie..]*. May 153,673 Jan. I to May II ... . 71 4 612July t to May 61. . . . 1,811.994

Minn.8t P.A8.8te M May 304,231 •Un. I to Mar 3 1. . . . 1,280,544

Mobile A Ririu‘<rn itn. M ay 21,626 Ian. I to M ay 31. .. 147,870

Mobile A Ohio ......M ay 32 *,2 47Jan. I t*» M»v 31. ... 1.575.74*July 1 to May il ... 3,544.2*1

Monterey A M ar. 143.42 *Jan. 1 to Mar. 31....... 358.44’

Nanu.Ch. A St. L.b.June 409,242Jan 1 u>.|i»U"* i>#__ 2.530,101July l to Juue 30 .. J .lH .u s

Vela m A Ft Ipr. 12.065Jan- I to Apr. JO. 43.771

Nevada Central.... . .. May 3.777Jan. 1 to May 31. ... 13.043

N Y .O lt A West.a M ay 29 4, hvi Jan, l to M ay 3 * . . . . 1,41 */>25fuiy l to Msy 31. ... 3.Vi4.73 >

N. Y. 8ua. A Weal b May 181.922 Jan. I to May 31. . .. 624.44 4July l to May 31....... 2,000.287

Norfolk A Weai'u a .May 897.771 Jao. 1 to May 31. . . . 4.277.800 Oct 1 to May 31. . . . 7.007.774

North©.**tern of Ga Apr. 3.585 Jan. 1 to Apr. 30. . . . 19.970

Northern Central, b. May 491,502 Jau. 1 to May 31. . . . 2,554.115

Northern Pacific......May 1.470,014Jan. 1 to May 3l . . . 0.0**.vjl Sept. 1 to May 31 ...13,550.070

Ohio Ktver b ........ May 78.31*2Jan. 1 to May 31. . . . 344.4 79

Oregon HR A !ta*..M*y 37 #.566J an. t to May 31 . . . 1.554. 103 July t to day 31 . . . 4,271,754

Oregon Short Ltoe b. May 493.842Jan. I to May 31....... 2,119.520

Pennsylvania—Lines directly operated—

Eaafof Plt*» *E.,May 5,0*5,567 5.171.647 Jau. IV) May 3l. .24.4*1.17024.101.670

18,410 9.053 4,14087,511 28,993 31,19138,050 5.079 3,651

130.752 31,267 23,6781.602,014 531.163 408.9238,022.24 2 2,494.963 2,5 2 2.552

18.742,324 6.020.222 6.408.9933.996 def.fi 022 rtef.64824/290 (lef.7,394 (lef, 3,6 35

60.8*2 def 14.46 • def. 5,13910,515 2,135 6.52852,930 9.506 26/23980.902 20.940 def.2,517504.1 U 2 91.8 82 62.976

1.256,845 313,9)1 275,239795.890 311,053 319.828

4.098,837 1,8 75.701 1,459.790252.858 81,016 87.271

1,183.72* 488,780 333,329395,275 c250.430 c 171.308

2,010.620 <1.217.477 C397.5516 1.949 2 7.63 1 95,710

347,6/9 151.777 181.257614.110 300.56 4 374,199142.-70 45,7*9 41.738"’ 37.09 » 219.00* 248.0 21

1,828.712 742.053 759.018280,700 106,859 99.765

1,331,490 4 49 480 471.8*721.1 14 2.543 344

112,251 19.6 ift f ,l4 l315.029 91.19*2 101,971

t,t**.*5l 42*. »li# 47*.* 723,3 *0.0 n 1.1*3, *51 1.461.289

104.017 7 *,733 19.* *2J J i.07l 177.1 *3 95,5 #83 <5.127 179.990 129.556

2,4 18.197 9 >1.0 U . 826.40*5.0 4,025 1.911.147 1,910.275

<0,679 . . . . . . . .

3.019 12,309

M3.7I9 1.308,7.11 2,410,95*

19*1.9 43 8 49,936

2,018.103 940,138

4.719,129 7,544.079

3.447 21,070

498,303 2,461.005

81.9903 8 0 .9 7 13 1 1 .5 4 *

1,559.017

456,1002.060,327

25.033 1,201 2.11*

61.552 315,111

1,021,518 86.6 44

30 4.40 4 929,558 2 M B 8

1.10 1,992 1.919.430

1,084 4.9*8

11*934 729,090 424.867

1.000.0*26 5.230.307

29.010 111,800 119.224 470.915

1,77 J.*0.4 287,272

1.020,644

80 1 893

8 5.070 306 *02 903.137

87,512 301,715 873,802 162.002 92 i, 0 03

1,564.140 def.673

6,523 94,748

577,810

20,627114.442

232,1941.004.412

Weal of Pitts %E May fan. I to May 34...

Peoria Dec. A Kv__ Mar.Jan. 1 to Mar. 31......

Petersburg.... . . . . . MayJau 1 to May 31......July 1 to May 31. ..

Phi la. A Erl© . . . . b May Jan. 1 to May 31. . . .

Phila. A Heading ...May Jan. I to May 31. . . . Dec. I to May 31. ...

Deo. 215.801 1.160,260

1.000,2*77,100.235

Deo.Deo.

1,424,497 6 5 24.825HU.100

177,81072,194

217,953 58.513

2 53.146 53 5,277 311,561

1,548.075 1.049,758 8,018,512 9.876,414

18,92 2 09.799 27.2 40

111,028 236.7,32 127.115 390.390 640,650

3.218,705 8,084,121

1.952.901 • • * *0 10 lef 57.820 8.318,404 df.524.59rt df.332,561

11.546 5 4,830 35,282

128*00 5 235,704 95.385

383,112 580,261

3.120,417 3.912,204

0 7 .5 2 *217.409 62,800

25’0.501 507,143 354.710

1.4*0,552 1,013,1027.7 4 a, t %7 9.459,143

Goal A Iron no ....May 1,627.011Jan. 1 to May 31. ... 7.1S0.181 ■ ■Deo. I to May 31. .. 8.957.000 lU.534.702 df-600,1*9 df. 509',53 3

Total both W s ...M*y 3.240.711 1.002.059 427.901 590.839Jao. I to May 31.... 14,934.818 16.356.910 2.603,621 Dec 1 to May 31. .. 18,410,203 2C.411.176 3,300,075

Reading Gomoany. May Dec. I to May 31. ..

Total all Com nan’s M *y Dec. 1 to Mar 31. ...

PhU. Bead A N.Eng . May Jan. i to May 31. . . .

Phils. Wtlra A 'i hit. vf *y Nov. I to May 31 . . l

Pitts. C. O. A L June )Jan. 1 to June 3 i . . . t

Puts. Lis. A West__MayJan. I to Mar 31. ...

Pittsburg A Western May Jan. 1 to May 31. . .. :

Pitts. Youngs. A K ... MayJan. 1 to May 31.......

Rloh. Fred. A Pot . .MayJan. 1 to M i>y 31......July l to May 31. . ..

Rich. A Pntersberg.. MayJan. 1 to May 31......July 1 to May 31__ _

3 C.958 150,90* 512,937

3,461,013

2.880.1443,414,588

34,956156,9*8625,795

3,571,55651,401 55,381 19,079 16,316

231 ,CO0 260,015 70,771 71,7918 44,7 W 801,658 256.787 201,387.*93.537 5,037.137 1.22*,025 1,112,625.108,013 1,19*,235 438.800 339,853.789.060 7,250.397 1,700,01*2 1.633,876

3.429 3,3*6 711 (ler.46219.211 17,107 6.252 (lof.S.lOO

20 4.055 270,2*3 8l,0«7 95,291,038. *24 1,1/7.028 275,590 339,895133.855 160,802 62,005 68,178417.010 520,027 12 #.897 160,076

70,474 75,590 30,155 29,733„306,165 312.010 110.J51 108,6 U l614.578 005,302 227,009 212,748

35,067 34,021 14.104 9,753147/265 148.500 51,157 42,175300,951 32 4.417 93,00 4 97,156

103 TflE CHRONICLE. [VOL. LXV.

Roads.Rio Gr*nde Month..b..May

Jan. 1 to May 31. . . .July l to May 31.......

Rio Grande Weat.b .May

St. Joa. A Gd. Isl.b .MayJan. 1 to May 31.......

SL Loots A *an Fr ..May

Ban Ant. A Aran. P..Mav

Ban Fr. A N. Pao. .MayJuly 1 to May 31......

Bar. Fla. A West. b . MayJan. 1 to May 31.......July 1 to May 31. . . .

Seaboard Air-Line....Apr. July 1 to Apr. 30. . . .

S ilv e r Pp. O ca la A G ..M %yJan. 1 to M »y 31.......July l to May 31.......

South Haven A East May Jan. 1 to May 3 1 .....

Southern PacificGad. H. A 3 \nt b.May

Jan. I to May 3L . . .Louisiana West b .May

Jan. 1 to May 31 . . .MVan’sLa. ATex. b May

Jan. 1 to May 31 . . . .N. Y. Tex. A M b May

Jan. 1 to M ty 31 ..Texas A N. Orl.b..M ay

Jan. 1 to May o l . . . .Atlantio System. b|| May

•32,665

131.855368,514

*37,789

177,1)6446.692

s14.42452.769

159.717201.444918.467

2.212.973

209,129900,792

2.249.812

82,0943J8.S29749,288

81.195437,476

44.228241,554

22 455 183.834

511.3762,403,9095,524.846

454.3422.334.1075,637,506

192,551959.500

2,370,896144.858777,253

2,079,456

127,632679,251

1,766,1529,528

124,759665,955

69,*98 263,536 666.002

68.941271.374720,109

24.44453.025

209,061278,213

1.406,3213,060.337

288.1331,411,9763,111,036

88.935 38 -.848 812,977

30 *,328 3,3 2,189

270,8163,127,708

73,259973,272

22,91586,925

164,77624,50490,215

170,774

15,22049.85885.390

1.5468.252

1,5366.718

def. 153 def. 1,501

337.9371,810.574

378,7712,015,534

48,949359,151

70,941 4 10. >02

60,305 378,8 6

25,878173,212

390,1642,103.867

335,6511,981,743

60,796556,950

23,341116,751

16,94581,031

8,88840,648

113,957634.285

97,408540,746

33,488221,347

944,5665,123.067

895,1595,088,895

180,4161,344,396

2,651,238 2,429,207 1,009,875Jan. l .io May 31 ...1 2 ,2 ;0 .8 0 ' 12,.68,031

Total all.fc I ...M ay 3,807.307 3.54J.024 Jan. 1 to M«y 31 .. lk,3 »8.^24 18,3 S ',064

4,073,173 1,195,920 5.576.397

July l to May 31 ....45,102,385 46,012,101 16,080,984So. Pao. o f Cal.b May 789.271

Jan. 1 to May 31 . . . 3,753,937 So. Pao. ot Artz.b.May 212,838

Jan. 1 10 Mav 31 . . . . 1,062.817 So. Pac. o f N. M b.M ay 126,370

Jan. 1 to May 3 l . . . . 576.005Northern Rv.b ...M ay 172,722

Jan 1 to May 3 1 . . . . 787.761Southern Railway a.May 1,474,518

Jan. 1 to May 31....... 7,8<>7.080

"89,5224.0 6,518

180,0211.0 J7,433

96,743501,671 161,861 787,415

1,364.675 7,46',478

July 1 to May 31.......17,646,565 17,883,641Spokane FallsANo.a.Apr.

Jan. 1 to Apr. 30..54,163

201 375July 1 to Apr. 30...... 453.314

Stony Cl. AC. M..b .May 2.019Jan. 1 to Mty 31...... 6,014July l to May 31___ 34.538

Summit Branch©.. May 66 319 Jan. 1 to May 31 ... 313,362

Lykeurt Val. Coal e.M iy 67,049 Jan. I to May 41 .. . 330,649

Total b >th i*o.’s ©..May 13 4,363 Jan. 1 to May 31 .. . 664,511

Texas Central...........Apr. 16,978Jan. 1 to Apr. 30. . . . 70,903

Toledo AO hlo Cent. b.May 142.319 Jau. 1 to May 31. . . . 673,379July l to May 3 1....... 1.593,768

Tol. Peoria A West.b. May 74.062Jan. 1 to May <1___; 349,570July l to May 31...... 817,763

Union Paclflo—Union Pao. Ry. ...May 1,240,536

Jan 1 to May 31... 5.464,067Cent. Branch ....... May 44.232

Jau. 1 to May 31... 230,172Atob. C. A Pac. ( « _ n .i.QAt.Jew.c. A W. { -* -Mdy 35,149

Jan. I to May 31. 177,654Un. Paolfl i dys.bf May 1.455 140

Jan 1 to May 31... 6.515,644 Ua. P. D. A Gulf b .May 2*4,723

Jau. 1 to May 31...... 1,313,607Wabash.b..................May 911,178

Jan. * to May 31...... 4,143,78 3

29,896 11 *.964 278,959

2,411 7.3 *3

37.8J9 79,232

4*4,815 66,*81

3 70,62 7 146.163 775,442

16.509 77,360

127,706 72 4,860

1,796,651 .76,400

400,630 931,940

1,109,914 5,032,975

29,563 1 6 1,455

23,398120,425

1,257,979 5,834,320

275.934 V 97,439

965,147 4,8 49,695

Net -?arninfg9~ 9

11.076 67.365

219,674 77,230

399,613 834.220

def 2,935 35,9 75

157,022 887, *98

2,251.619 10,798

130,850 520,036

24.437 42,850

203.010 70,578

316.921 791,981

59.152 945.47*

15,314 57,075 84,593

d«f.593 def.2,835

115,035 644,122

18,723 14 4,265

19,579 375,565

3,700 17,949 24,768

163,816 227.613

1,394,367 669,150

3,680,235 904,620

5,147,057 15,867,399

234,144 1,32 J,1 >9

32,215 301,564

32,26 4 184,383 3 *,563

2.'9,9 >3 2 40,281

1,89 3,57.3 5,431,075

12,586 61,334

166,983 69

def.3,661 11,535

def. 25.031 def. 57.48 2

def. 92o 25.371

def.25,951 def. 32,111

414 11,433 28,533

221.052 530,204

18,556 103, *>32 242,634

July 1 to May 31.......10,577,846 11,327.687Waco A Northw’n... .May

Jan. 1 to Mar 31. ...W. Jersey A Seash’e .May

Jan. 1 to May 31......West’n of Alabama..May

Jan. 1 to May 31 ... . __,,.WJJuly 1 to May 31__ _ 593.050

West Va. Cent. A 1’ . .M ay Jan. I to May 31. . . .July 1 to May 31......

W. Virginia A Plttsb..Apr.Jan. 1 to Apr. 3o .. . .July 1 to Apr. 30......

We»t.N. Y.A Penn. b..MayJan. 1 to May 31......July l to May 31......

W1 toons in Central. b.May Jau. I to May 31. ...July 1 to May 31. ... 3!S05,991

Wrights v. A Tetin. .May 5,372Jan. 1 to May 31...... 33.109July l to May Jl . .. 81.304

York Southern.........May 5,7* oJan. 1 to May 31. . . . 25,826

14.45185,>33

194,383 801,843

4 1,214 257,163

99,247 455,772

1,043,051 34,547

117,942 317,073 225.563

1,055,364 2,726,591

32 >,209 1,571.394

13,859 91,290

204,39 3 821,050

38,177 217,537 540.094

98,155 472.975

1,089,929 34,706

119,862 328.468 257.963

1,108,982 2,929,493

335,687 1.621,393 3.996.3 2 4

5,771 39,723 87,133

6,031 24.846

316,2061,353,060

71,624328,455

67,614291.973 4 4,031

176,289 313.891

2,2 11,911 5 541,265

18,767 112.205 259,698

def. 1,060 def. 2.544

12.071 2 090

def. 9, 05 def 60 14,381

2,02 ) 4.676 1,262 6,0 14

3 4,258 189,902 42 i .280

24 0?3 93.940

210,796

403.2931,833.195

19,530104,833

def. 1,97718.072

441,2222, I d 1.409

62,362 371,440 294,94 4

1.349, ’ 27 3,250.466

4,273 29,757 36 000

126. J5215.973

102.350 2 44.945

27,343 137,122 33 4,932

15.234 51.792

160,339 54,903

227,839 869,040 85,190

472.426 1,272,212

509 8.722

33.000 1.996 7,768

399.798 1.660,306

9,48 4 64,181

def.8.364def. 19,539

332.950 1,803,376

40,726 204,924 206,662

1.232.406 3,359,672

3,529 36,257 37,631 8 *,486 10,929 65,92 2

197.734 30 .912

154.469 373,e95

16,817 61,827

187,243 96,042

321,770 844,607 61,334

403,502 1,279,632

1,603 19,2 30 35,907

1.8'»« 5,677

a Net earnings here given are after deducting taxes, b Net earnings here given are befo-e deducting taxes, c Deducting other expenditures for re pairs,replacements and general

exoenses, net Income applicable to Interest on bonds In May was *129.887. against $ *0,703 last year, and from Jaauary 1 to May 31 *967,670, against *503,146. This is the result in Mexioan dollars created (according to the company’s method o f keeping its aooounta) as equivalent to 30 oents in United States money—that is. all depreci­ation bevoud 20 oer cent has already neen allowed for

d Heavy expenses for May due to increased expenditures on equip­ment in antieioatlon o f looteased fall business,

e Results o f coal mining operations only.f Figures are given exclusive o f results on Oregon Railway A

Navigation, Oregon 8h rt Line A Utah N.irth’ n, 8t. Jos. A Gr. Island, Union Pacific Denver A Gulf, Fort Worth A Denver City, Leavenworth Topeka A Southwestern. Montana Union and Kansas City Guiana.

S After allowing for other income received total net from July l r 1896. to May 31, 1397. was *53 *,5o-<, agatust * 43s,706.

I Includes besides Atlantic System the HouitOQ A rexas Central, Austin A Northwestern. Central Texas A Northwestern aud Ft. Worth A New Orleaus.

1 Includes .hioago Burlington A Northern for both years t For May, 1897, taxes and renta s amounted to *170.973, against

*157.467, and from July 1 to May 31, 1397, *1.742 3 0 ’ , agatast *1,773,64 9. after deducting whioh net for May, 1897, was *292,965, against *323.36 >, aud from July I to May 31, 1897, *5,612,076, against *4.726.490.

I St. Louis Alton A Terre Haute included in all periods, except that for the ihree mo iths fro a July 1 to September 30 that road’s results are not included for 1895.

§ Re.su tsou vibtny Florid 4 A Northern are iaoludod only for Ju ly and August, 1895.

U Including income from ferries. Ao.

M iscellaneous Com panies.Gross Earnings.---- -------Net Earnings.-----

1897.$

66,083359,363172,861

1,228,767

1896.61.473

336.159159.068

1.105,905

Ed. El. m. Oo., Bklyn.May Jan. 1 to May 3L. . . .

Edison El.n.Co.,N. Y. June Jan. I to June 3 0 .. . .

Edison El.II.Co.St. L . Mar.Jan. I to Mar. 31. . . .

Grand Rap. Gas uOo. May Jan. 1 to May 31. . . .

Laclede Gas- L. )o. . . J u ne Jan. 1 to June 3o . . .

Mexioan Telephone..May Mur. 1 t j May 31. . . .

Oregon Imp. Co.a....MayTan. I to May 31.......Deo. 1 to May 31____

Paoifio Mail............... MayJan. 1 to May 3L. ..

Tenn. Coal I A RR .MayJan. l to M iy 31____

Western Gas Co.—Milwaukee Gas-L.Co.. May

Jan. 1 to May 31. . . .

Interest Claries anil Surplus.—The following roads, in addition to their gross and ae; earnings given in the fore­going, also report charges f >r interest, So., with tne surplus or dedcit above or below those charges.

------Inf., rentals, e t c * —Bal. ot Net Earn’s .s

10,649 31,4o9

309,601 1,296 639 1,533,o35

336,37 5 1,395.991

9,970 30,530

282,569 1,313.4 ’ 5 1,553,753

280,838 1,598,414

1897.27.794

167,29L 63,205

571,715 23,899 87,982

8,472 54,502 52,203

401,241 3,509

11,439 70,579

16 .047 202,794 116,226 448,415

33,792 228,4^4

32,643200,672

1896.*

25.152 149,848

57,412 434,533

23,961 103,335

7,107 50.493 48.908

364,022 3,014 8,401

23.367 79.773“ 75,265 18,180

2 44,140 74.103

383.142

27.214176.843

189 7. 1896.Roads. $ * * iBuffalo A Su9q leh’a May 12.668 12.987 12,748 8,305July 1 to May 31....... 139,796 133,911 133,466 66,330Jhio. Burl. A Qutnoy .May 890,000 881,107 def 51,338 df.25 4,9 54

Jan. 1 to day 31. . . . 4,450,000 4,403,53 > 877,331 df.215,676.Ohio. A W. Mich........May 34,375 31.848 def. 11.104 def 19.363

Jan. 1 to d ay 31....... 172,636 169.UO def. 55,133 def.80,342'ahoo Okl. & Gulf.. ..M ay 19.000 def.9,909

Nov. 1 to May 31. . . . 133. >00 55,041Olev.Oin. Ch. A St. L..May 246,475 239,324 def.933 2,199*July i to May 31. . . . 2,534.803 2,602,348 330,330 560,489

Peoria A Eastern. .May 36,802 36,802 der. 16,332 def. 4 4.542July 1 to May 3L....... 404,8 LS 404.813 def. 9 4,795 20,085

D inver A Rio GrMe..May 201,063 202,724 33,003 15,210July l to May 31. . . . 2,164. .65 2,163,977 427.904 734,423

Det. Gd.Rap.A West. May 15,827 4,944Jan. 1 to May 31— . 79.270 .. . . .n 16,127

Flint A Pere Marq...Muy 52,745 51,330 daf 9,475 def.3,105Jan. 1 to May 31. . . . 265,556 255,839 def 6,450 47,94 7Kanawha A M ioh... May 10,030 10,030 *2,123 *def.2.431

July 1 to May 3L. . . . 112,526 112,202 •def.o.843 •def.3,074Kan. C. Ft. 9. A M ...M ay 121,098 120,045 d ef.5 ,355 def.l3,5v*9

July 1 to May 31. . . . 1,234.444 1,272,9 73 68,310 27,896Kan. 0. Mem. A Sir..May 16,507 16,917 63 def. 4.004

July 1 to May 3 1 . . . . 174,306 159,203 137,599 03,9 LOL. Erie A West’ ll.. ..M ay 60,398 57,764 31,588 44,492

Jan. 1 to M iy 31....... 238,316 283.501 227,234 300,019Nashv.Chat. A St.L.Juae 126.280 124,377 53,620 5,479

July l to Juue 30 . . . 1,503,132 1,498,432 403,015 444,796Philadelphia A R ead in g -

All coinpaaies. . . .d a y 775,000 8 )3,2 49 df.242.063 df. 480.4.54Dec. l to May 31 . . . 4,05 ). *00 4,3 2 7, t93d. 1,136.95 7d. t, 255, #4 3

Pitts. C. C. A St. L..June 229.907 255.16 J 208.893 83,690Jan. l to Juue 3 0 ... . 1,016,182 1,660.I l l 141,430 def. 26.265

Rio Grande South ...May 14,16 *» 14,007 259 def. 3,0 JlJuly 1 to May 31. . . . 154.937 154.638 4,73 0 05,000

San Fran. A No. Pao .May 19,101 19,212 5,310 5,225-July 1 to May 31....... 210,145 211,33 4 def 1,084 def.8,324

Tenn. Coal I. A RR..M ay 47,777 47,884 def 13.935 26,224.Jan. 1 to May 31. . . . 238,385 239,420 def. 40,431 143,722

Toledo A O. Cent.......May 42,169 41,174 ■def.7,53 4 *df. 42,265July 1 to May 31. . . 427.145 430,864 *2.43 7 •459,564

Toledo Peo. A West..May 22,673 21,901 1,40) def.3,345July 1 to May 31. . . . , 252,375 231,738 def.4 4,579 10 ,896

* After allowing for other Income reoeired.

ST R E E T R A IL W A Y S AND T R A C T lO i C O M P A N IE S .The follow ing table shows th « gro s earnings for the latest

period of all street railways from which we are able to ob-

J U L Y 17, 1 89 7 . ] THE CHRONICLE. 109tain weekly or m onthly returns. The arrangement of the table is the same as that for the steam roads—that is, the first two columns of figures give the gross earnings for the latest week or m onth, and the last tw o oolumns the earnings for the calendar year from January 1 to and including such latest week or m onth.

STREET RAILWAYS AND TRACTION COMPANIES.Latent Gross Earnings, Jan. 1 to Latest Dale.

GrossEarximgs. I Week or Mo

- ! -----Akron BedfM A Clev. Amsterdam 8t Ry.

May.Atlanta Railway .Baltimore Traciion.Balh 8t Ry. (Maine). June......Bay Cities Consol .. June.......Binghamton St. Ry... May........Bridgeport Traction. May........Brockton Con. St. Ry. May........Br”kly n Rap. Tr.Co.—

Cleve. Palnav A E.

Banr.Gas El. L!|<ht A Street Ry................May.

Detroit Elec. Ry........May.Erie Eleo. Motor Co . June Galveston City Ry... March.... Herkimer Mohawk II-Booslck By................June .Interstate Consol, of

North Attleboro__ June .Kingston City R y.... June.l.clilali Traction .......June .London St. Ry. (Can ). June . Lowell Law. A U » . . May..

Montreal Sireet Ry

New England St—Winchester Ave.... March....

Total.............. ... March.......NewOrleOgden.burg 81. Ry... June .Paterson Ry . . . ....... June.Plttsb.pt.Sub. El. Ry May.. PoTteepste A Wapp F May., echuylklll Traction May.. ■Schuylkill Vsl. Inc M ay........Scranton A Carbond'e April. Scranton A Plttston Aorll. Scranton Railway__ June.Syracuse E’st-sideRy. June.. . . .Terre Haute Kl’e. Ry. May___ _Third Avenue iN.Y.). June.......Toronto By.... ...... June.........Twin city Rap. Tran. April.......Union {S. Bedford) June.......

WakeSeJd A Stone__ June........ .Waterbary Traction. June........Wheeling Railway. ..IMay..........Wllkeeb, A Wy.v^lcy May.........

o 1897. 1896. 1897. | 1896.

* 8 8. P.47S 9,67; ! 32,897 31,9064,2 5* 4.385 18,26* 18,8604,36 21,1 Si. 8.4SJ 9.605 32,103 33,410. 115,25< 119,167 486..'02 472.495

1,70-1 1.981 8,717 9,2410,55-1 8,69c

. 12,065 12,72528,633 30,01 • 120,195 119.839. 26,764 26,698 121,411 112,230

. 427,313 107,49b 2.226,453 2,199,2"0

. 09,185 65,023 354.669 340.800495,49c 472,519 2,581,122 2,540.070

323,076 335 15413,5lv 13,731 38^340 38.6832,541 1,906 10,8*3 9,883139,817 140,5:8 779,696 795.5107.562 28.125

5U.93- 56.288! 284.025 315,40934,-*41 34,786 152,744 158,6437,792 7,672 47,625 41,05962.243 62,7 H 27«, 563 284,831

26.158 22,951 536,381 509,96931.171 38.407 160,104 174,01215,923 17.56 4 58,490 65.70712,73 13,694 63.286 71,46014,359 13,528 44,175 39,8453.4 47 3.806

671 835 3,360 4,01 i17,281 18,133 75,247 77.57010,649 10,891 57,913 56.3554.378 4,934 24,664 25,125v.512 9,453 4*.936 57,4339,96* 8,865 43,920 38,782

36.865 36,651 1M.316 147,039157,483 158,701 849 406 850,213fc4.4'*H3,478 5,427 21,582 21,237

130,677 116.429 639,092 603,752192,181 173,765 841.610; 542,185

6,980 8,544| 26,021 28,40914,993 14,386 42,078 42.6812.142 2.062 6.040! 6.09617,037 16,4.50 49.116) 4S.7773,733 4,736 14.749 15,365

121,409 123,03V 513,0841 568.16641,431 42,760 626.999 633.985

1,654 2.367 7.366 8.01930,804 27,951 158.256 155.7393.141 1,319 13,630 6.7547.781 8,454 29.923 31,Oil7.1 J 3 *,85* 34,744 38,5255,096 5,250 20.2352,6524,662 18.384

! 28.487 29,275 162,945 101,77865,434 89.173 *294,'*50 •297,2242.740 3,487 15,795 18.374

; 34,939 36,955 202,464 212,00712,683 13,777 58.424 60,951! ........... 1.256,493 1,292,91691.533 84,709 471,656 464,917

153.811 161,070 603,183 619.58618,738 20,391 101.535 102,7*7

147,207 152.877 659,720 677,51718,203 19.480 65,734 69,6983,309 5,649 2 4,711 24.85723,2* 3 20.148 119,221 114,80213,610 16.180 62,641 66,941♦ 1.301 43,625 188.667 193,330

" Includes result* on North Stde Traction Company, which was leased February, 1890, to the Second Arc. Traction Co.

1897.•Roads. $Cleveland Electric... Apr. 128,817

Jan. I to Apr. 30...... 500,779Clev.Palnesv.A E . May 7,562

Jan. 1 to May 3 1 ___ 28,125Columbus (O.) 8t. Ry. June 50,938

Jan. 1 to June 30___ 284.025Danv.Gaa KL-LA8t.Ry.May 7,792

Jan. 1 to May 31....... 42,625DenverCon.Train w.. May 62,243

Jan. 1 to May 3 1 ___ 276,563Detroit Cltlzens’St Ry. June 95.627

Jan. 1 to June SO . . . 510,223Detroit Eleotrlc Ry..May 34,171

Jan. 1 to May 31....... 166,101

Gross Earnings.-1896.

■ATe< Earmnps.-1897, 1896.

Duluth Street Ry___Apr.Galveston City Ry...Mar.

Jan. 1 to Mar. 31......Herkimer Mohawk Illon

A Frank. El.Ky....May Inter-State Consol. Street

Ry. (No. Attleb ) ..JuneJan. 1 to June 30___

Lehigh Traction......JuneJan. 1 to June 30___July 1 to June 30___

London 8t-Ry.(0an.l June Jan. 1 to June 30 .. .

Lowell L wr'ueAH.-May Jan. I to May 31 . . . .

Melr W.81deEl .Chlc.MsyMar. 1 to May 31___

Metrop'n 9t.Ry„KC..MayJan. 1 to May 31 __June 1 to May 31___

Montgomery St. Ry. MayJan. 1 to May 31.......

Newburg Elec. Ry...MayJan. I to May 31......July 1 to May 31.......

New London St. By..MayJsn. 1 to May 3 1 ___

New Orleans Tract. MayJan. 1 to May 3 1 ___

North Shore fraot'u May Paterson Ret'way. June

Jan. 1 to June 30___Pltts.Fr.A3ub.El. Ry.Mny

Jsn. 1 to May 3 1 ___Pough.CltyAW, Palls. May

Jan. 1 to May 31.......Rochester Railway—

Jau. 1 to Mar. 3 1 .... Schuylkill Traction.May

Jan. 1 to May 31.......Get. 1 to May 31.......

Schuylkill Val. Trae. Apr.Jan. 1 to Apr. 30___

Scranton Railway...lane Jan. 1 to June 30 .... July 1 to Jone 30 ....

Scranton A Carbon.. Apr. Scranton A Pll stOD. Apr.

Jan. 1 to Apr. 30......July 1 to Apr. 30.......

Third Ave. RR. <N. Y .) -Apr. 1 to Jane 30___Jan. 1 to June 30 ....

Twin City Rapid Tr.. Apr.Jan. 1 to Apr. 30 .,...

Waterbary Tracl‘n..Jane Jan. 1 to June 30 ....

WlIkrsb.AWy.Vy.Tr.May Jan. 1 to May 3 1 ___

15,92314.55944,175

$131,509504,175

$38,931

170,8394,243

11,94627,118

148,528

40.785160,928

56,288315,409 30,705

158,8917,672

41,0593,537

19,7733,417

62,713284,831

27,272116,038

25,211109,960

91,846486,018

48,317239,010 38.708

193,58138,407

174,81211,30852,658

12,16850,853

17,564 7,328 8 70113.52839,345

3,71812,587

3,76510,472

3,447 3.6C6 1,473 1,97010,64957,913

10,8 U 56,355

2,057 8,7 45

2,4087,916

8,51248.936

112,5669,453

57,433123,017

3,41917,06049,531

4,64824,29155,985

9,96643,920

8,865 38,7 82

4,32615,484

4,47213,829

36,865151,316

36.651147,039

14.99955,266

17,05449,681

64,498 23,236S2,9b784,550

296,536771,206

211.826165,071691.923

1,774,892160,348692,012

1,783,479"6,819

276,172747,661

5.47821,582

*,42721,297

2,5479.9:8

3,01910,210

6,98026,02175,328

8,54423.40987,246

3,2078,478

31,2704,4459,711

33,4453.733

14,7494.736

15,365997

2,0151,6952,844

121,4(8543.084

125,699568,166

42,627191,174

55,258256,657

119,910 126,014 46,653 53,51130,804

158,25627,051

155,73014,12069,096

12,09565,320

3,14113,630

1,3196,754

2,0408,602

1073,150

7,78129,823

8,45431,041

3,92311,175

4,98211,086

197,078 210,775 64,351 57,9957,113

31.74460,135

8,85639.52562,518

t2,014 HI .399 122.725

14,127(16.682126,520

4,30615,139

4,287 461tlef.852

28.487162>45354,472

29,275161,778330,310

14,39276,743

165,97915,11378,723

166,2812.8524.662

— 1.7471.747 6,67018.384

54.448 22,362

199,909385,764

699,3701,256,493

708,3751,292,916

219,394449,729

153,811603,183

101,070619,586

80,815303,046

89.013330.140

23,203119,221

20,148 114,802

10,53350,579

10,40453,533

41,301188,667

43,625193,330

23.844100,474

23,091100,074

a Net earnings here given are after deducting taxes, b Net earnings here given are before deducting taxes.• Method of reporting expenses changed; each month row

charged with Us full proportion of ail expenses.> N, t earnings are after deducting taxes and Are and accident instir

being

Street Railw ay Net Earnings.— la the following we show both the gross and the net earnings to latest dates of all Str eet railways from which we have been able to procure monthly returns. A s in the case of the steam roads, the returns of the different roads are published by as each week as soon as re­ceived, ami once a month (on the third or the fourth Satur­day of the month) we bring all the roads reporting together, as is done to-day.

----- (Jm$i Karn1897.

l«W.— * J-1*96.

——Net RomlnQ$.-----1897. 1896.Honda. * 4 -9 £Akron Bed A Clev.. May 9,478 9.675 3,505 4,405

Jsn. 1 to May 31 . . . . 32.897 31,800 9,069Ani*t**r-lar» Hi* Ry.. May 4.209 4,385 i .u i 889

Jan. 1 to Mty 31....... 18,208 18.860 2.987 2,491▲odermna jEiec |Xod.i May 4,362 2,261Jan. 1 to May 31...... 21,189 10,499Atlanta Railway......Hay

Jan. 1 to Hay 31......8,485 9*605 2,619 3.18*

32,103 33,410 7,041 8,452Bath St. Ry. (MatreiJune l."04 1,981 767 849

Jan. 1 to June 30___ 8.717 9,241 2.238 2,018Bay CltJe* Con.8t.Ky Jana 6.554 8,096 508 4,398Binghamton 8t. Ry..Hay 12.065 12,725 4,773 6.1C6Bridgeport Traet’n. .May

Jan. 1 to May 31.......28,633 30,013 12,753 14.644

1*0.195 119,839 41,537 50,481BrocfctonOon.4H.Ry .Hay 26.784 26.698 6,406 11,425

Jan. 1 to Mat 31 .. . . 121,411 112,230 31,079 43,088Che.tor (Pa.) Track...Mar. 13.519 13,731 '5,834 *4,930

Jan. 1 to M tr. 31....... 38,310 38,083 •11,171 -12,7c 0City Elec. (R<rme,G». a Jane 2, *41 1,906 964 501

Jan. 1 to June 30 .... 10,843 9.883 2,607 2,381

asce.

Interest Charge* and S n rp ln *,— The following Street railways, 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.

:to. % c- Hot. o f Eel Earn'os —.1897. 1890. 1897. 1896

RrtOg/f. * * * $Atlanta R'way........May 1,250 1.250 1,369 1,936DenverCon.Tram w.. May 18 797 17,878 8,475 7,333

Jan. 1 to May 31 . . . . 92,872 89,306 23,106 20,654Sehaylktll Traction. Hay 2,083 2.083 <lef 89 2,014

Oct. 1 to May 31...... 16,667 16,667 6,058 9.853Waterbury Trac. Co.. Juno 2.991 3.048 7,542 6.756

Jan. i to Jane 30 .... 18.502 19,923 32,077 33,605

A N N U A L R E P O R T S .

Annnal It port*.—The following is an index to all annual reports of steam railroads, sireet railways and miscellaneous compaiiies which have been published since the last editu na of the INVESTORS’ AND STRKBT RAILWAY SUPPLEMENTS.

This index does not include reporta in to-day’s CHRONICLE, N ote.—Full faced figures refer 'o Volume 65; plain type to

Volume 64. *

110 THE CHRONICLE. IV o l * L X V .

R*lLK f>*D » AND MlBCBL. CO. 8. Volumes 64 and 65.

AilenhiRiy ........... 797

R a il r o a d a n d M is c r l . Co’s (Con.) Volumes 64 and 65. 1 a9£:

'.anfson t'onsoi. Store Service......V&lAmerican Bell telephone............. <«< . ...... 886American T obacco . .. ■••••■«*“ MexIcAn Cenfral ............... S27, 839, 816llurllniO'.n I ei'ar Ua,i. A N or.......J g }> « lc a n t^ n tr a l .^ ..........................l.madu soutnoru. ..................... ....................................... 9”^Cmw<1» ..........................................Canadian Pnolflc......................... <“S ! . Buri?4 Q u in c ,: : :7 s ;^ :^j'hlr Hock 1 saI i*iiC 1009,1(^6,1^,H ' ■ - — - -

..........tm

Michigan Central.................................----- otMM inoiiKtthela R iver....................049, 998New EuKland Teleg & Teleo......... 049New V ork Chicago & St. Louis.......__________________________________ 99?( )regon Short Line U R............. *• • y (i‘*I‘«icitic Mail Steamship............1040, Z 9Pennsylvania Company .. * *Peoria Decatur & E vansville.. . 103M Philadelphia Company (G as).v --- Pitt. ('in. CMc & St. L 77b, 796, t»01 Pittsburg Ft. W ayne & Chicago.... -*•»P. Lorillard Co....... • • • • .............. rP.St. Joseph & G and Island................ »4 lSouthern Cotton O il.........................Southern Pacific ...........Sunday Creek Coal................Union Pacific...........................United States R u b b er .... W estm ghouse Elec. & Mfg. W ilm ington & Northern.......

871, 889 . .. 797...... 840

.. 998......1222919, 998

Chicago & s orth W estern................1JJ80C h icago* West M ich igan .............( Idea go Edison C o............•••••.••**Cincinnati A Muskmgum \ a lloy .. '9*Cleveland & M arietta..............t*iyu"fSS8Consolidated Ice . . . . ■ ■ • • • I t? .Cramp! Wm. i.vNonaMilp& B. Bld..l3r3Denver A H lo Grand©........................E lectric Storage »•*t rie Telegraph A Teiep..8S7, 900. 960F lin t* Fere M arquette..................Fort W orth It D enver C ity .......General E leotrloC o.................... “ 11,Georgia A Alabama.....;......••••■• ‘48Grand RAnldsA Indiana.. ..H 80 ,Jacksonville Tampa S K .W .............1 - - -tteokuk A W estern. .........................J0b7Lake Erie A W estern ....... ..............

Louisville & Nashville Railroad.( Advance statement for year ending June 30, 1897.)

The operations for the year ended June 30,1897, compared with previous years are shown below, the earnings for June, 1897, being estimated.

1896-97 (esl.) 1895-96.$

G ross e a r n in g s ............ 2 0 ,3 6 1 ,6 5 6O p e ra t in g e x p e n s e s . 1 3 ,8 3 5 ,4 3 4

Net earnings....... 6,526.222P. o of exp. to earns. (67*95)Income f r. iuvee., eto. 422.173

Total net inoome. 6,948,395 Disb- rsen tents—

In te re s t a n d r e n t s .. .Taxes... ...............Georgia RR. lo ss ----L o s s o th e r r o a d s ........^ In k in g fu n d m e t ) . . .U n fu n d ed d is co u n t . fcl. di N A . a d v a n c e s ..

1894-95. 1893-94.

4,98*1.272585,76031,68050,258

194.66220.947

118.677

$20,390,71113,505,206

$19,2 •’5,994 12,277,773

$18,971,33711,863,785

6,88=1.505 (66 23) 434,371

6,9911.221(63-69)363,273

7.110,552(62*53)272.288

7,3 L9,376 7,361,494 7,382,840

4,983,095 579,96 L 3 ',870 89,989

186,548 14,727 50.183

5 ,013,733 569.326 108,264

90,025 175.000

6.8«7 697,669

5,065,277600.35924,784

139,930

5,942,3731.377.503

6,660,909700,585

5,830,3501,552,490

See index in Chronicle of June 19, page 1179, for additiona- small compauies.

Note,—Full faced figures refer to Volume 65; plain type to Volume 64.

R a il r o a d s a n d M i*o e l .C o ’ s ( flora.)V olu m es 64 and 65 — Pape.

Omaha & St. Louis inters t on ctfs. 2 7 Oregon im-.rov0uTt..reory.8OO,8l3, 90 i

Do Do ..coup -ns.*001,1041P ecos Valley ................. .ream. 122JPeoria Dec. * E v ..reory.ptrm .l0i2 L• 37

Do Do Jtrst mtge com. 1089,1187D o D o ........c up.-pawn* n t. 1225D o Do ..'iuw 2d mtge. con . Z 7

St. Jos. & G r Isl .listing n tw secar.1139 St. L. Vandalia i T . U . . . coup. -43San Diego Land & T erm ...........sold 11-1sum m ii Br...«dr.75.ti; deposits. 955, 1002 T erre H aute & L ogansport..c m s 043 UnionPac.co/.tr.(5» ’ t iSvldepos.758, 9^2

Do coll. tr. o f l8*l.coUttt.844, 902Do coll, tr, 58, o f 1881................. 902D o coll, t r ('-s o f 1879................. 902Do Kansas C e n tra l.___forecl. 799Do equip, bonds. & int paid. 1»02D o ..................plan operutu e. 1228D o ..............................coupons. 7 O

Utah Central.......................sold. 95S 1227W heeling & h a k e TZ.dev os its o f J sts. 955

Do D o ___re* vrs' ctfs. 1182D o Do Lake JE. Div.Com 1^28

W ilm . Newbern & N o r lo lk — sole 1228 W isconsin C en tra l coupons.644, 903

Total diebursem’ts. 5,986,236Surplus................. .... 962,159— Vi 64, p. 517.

The H. B. Claliiu Company.(For the half-year ending June SO, 1S97.)

This industrial corporation makes its report for the first half of 1897. Mr. John Ctaflin, the President, remarks:

"The general business outlook seems now more promising than at any pievioiia time since the mtnio of 1893. ihe so-called anti-trust bills, to which we called the attention of our stockholders in Apiil, •weresi mew h-t modi tied before en ettnent Dy the New Y<*rk L^mla- tuie. and in their present form may or may not prove se i uisiy ob­structive to trade. < oueeryative piaus have been matured which will enable this corporation, if at any time advisable, to avail i sel: of the liberal a d stable laws of New Jersey without detriment to the business.°

The results for the half-year and the balance sheet June 30 were as follows:

EARNINGS FOR SIX MONTHS ENDING JUNE 30.1897. 1896.

$ $Net earnings, after paying

all taxes, salaries and ex­penses of every kind forthe half year........ 209,605 158,114

Inlet eat on 1st and 2d pref.142, i25 142,125

Remainder for com. stock. 67,48') 15,989Twoquar.divs.UH p.o each)114.873 114,873Balance........ .................... ..def.47.393 def.98,884sur. re.**e?ve carried forward!23,410 375,889Surplus reset ve for common----------- -----------------

stock June 3u...................... 76,017 277,005BALANCE SHEET JUNE 30.

Assets.

Cash dividends paid on accountof spring profits............ ........

Bill* receivable. ......... ..............Open accounts receivable..........

1895. 1894.$ $

254,697 242.878142.126 142, 26

112,571 100,752114,873 114,873-

def.2,302 del. 14,121275,916 30 i,60I

273,614 287,480

b table___. Horses, trucks.

1897. 1896. 1895.* $ *

1,043,813 1,209,943 1,209,035152,187 152,186 152,186

1.322,766 2,9t 3,174

1,246,012 1,166,3904,564.626 3.961,9915,448,927 5.369.572

2,739,181 2,739.18 1 2,739,18'27,197 27,197 27.19714,622 14,622 14,622

13,829.588abilities.

15,402,698 14,640,1779,000, 00 9,000,000 9,000 0004,123,855 5,r 01,11 4

26/,5794,5 5.427

372,. 18 584,136123,410 375,889 2 5 9162o9,605 15•, 114 254,6 16

13,329,588 15,402,698 14,640,177

wagons, etc.......Total......................................

LiCapital............. ...............................Open accounts payable...............Porr igu excuange and loan acoLSurplus re erve..............................Profit on spring business............

Total............... .........................—V. 64. p. 132.

G E N E R A L I N V E S T M E N T N E W S .

Reorganizations, Etc. -Latest Data as to Defaults, Reor­ganization Plans, Payment o f Overdue Coupons, Etc.— All facte of this nature appearing; since the publication of the last t-suea of the Investoks’ and me Sthket Railway Supple­ments may l>e readily found Dy means of tne following index. This index does not include matter in to-day’s CHRO.Nlci.Et

Railroads and Miscel. Co ’s.Volumes 64 and 65— Pape.

Am. Grocery.....recriv. denied.887,118 )Allantic Coast Hues consol. '*8?Balto. & Ohio... coupons.Sll, 1 0 ; 68

Do Patterson & Corwin report. 999 Calgary & Edmonton . int. paym’t. 'Hi Cape Fear&Yad. Vai.saU <io a whole. 12*2: i arolina Tennessee & Ohio . .#0'd. L00 Centralia & Chester receiver. 1137Central Pacific.protective measures. 1041

Do __ extensi n of Ists.ilS'iDo — ...... Committee. 1223

Chicago & Alton ......dir. - educed. 887Chic. Ik No. P..plan m f*di.8B8. 898, 9 1

Do new com panu. 100O, *2 oChic. & Nor. VV est..ref unding. 69Chicago & West Michigan . coup.Cm. Jackson & Mackinaw . reory. 842 Colorado Midland../ recl.8 8: r«*»ro.ll8i

Do reortj. plan.1224, 1226Columbus & Hock. Coal & L.reory.1000

Do Do reevrs. ctfs. 041Colum. H. V. & Tol. .consol, deposits. 754

Do Do ......coupons. 842 jDo gen. mtoe. 0S.1O41; C<*m. 224 |

Col. Sandusky & Hock rfcor.1088. 1137 'Illinois Central. . bond issue 952 Jacksonv.Tampa & K. W ...forclos b83 Kansas Central — sak-.1041.lIM, Z7Lexington (Ga.) Terminal__ told. 1225 STREET RAILWAYS.Little Rock & Memphis..........ale. 1181 Asbury Park & Belmar............ sale. 1223LouiBV. Ev. & St.L.E. R.& E. coni. t»9 Baltimore Traction— ..Marshall Coal Co........ c--m -ittee. 6J) City & Suburoan _____ ) cMemphis & Charleston.forecl.stau 799 I Belle City St. (Racine, WisJ.reoro. 6 8

Do .......... interest payme-1.1225 Brooklyn Elevated__ d posits 1137N. Y. Cent. & H. R...... refund 75b, 'Z7 Ca-ital Ry., Frankfort. Kv— -oid.1180N, Y.& Harlem.refund.15b.9bS, 1001, %z 7 Fourth St. & Arsenal St.L.)- sold. 69 Northeastern ItK. of Ga..r«-cvf.843, 95» Kings County Elevated . .re. >’<, 1002

Do Do safr.LOOl; 7Wf*Mf#.122ft I People’s Ry. (St. Louis). .sale.lOil; 69 Northern Pacific Term. ..int. paid. Z7 Pittsburg St Rys ...consolidation.1181Og lens ,k Lake Champ int. to be p'dl 8 * j Saginaw Consol. St................rw-vr.i0i3Ohio Valley........... sale. 954.1137; 69 1 Union St. Ry. (Saginaw)........recyr.1043

AutnracU n * mil oinpauiFN— viiti-T ru st Lawn.— CoalRoad P residen ts Need N ot l e s t i fy .— A t A lbany on July 12 Justice Aldeu Chester vacated the ordeis granted by him in June last upon the application of the Attorney General compelling the presidents of the various anthracite coal roads to appear before a referee as witnesses in a proetdure under the new anti trust laws. Justice Chester granted m e first orders under the new laws upon request of the A iorney Gen­eral, and without reference to the m eri's of the applica ion.

The motion upon wnich the decision is now given was argued before Justice Chester on June 8 after the service upon the piesideLts of the various roads of ordeis for them to appear before Referee Waiter E . W ard, of Albany. The motion wrs on behalf of tba various roads concerned, including tbe Delaware & H u d ­son, the Delaware Lackawanna & W estern, New York Ontario & W es ern arm tbe Jersey CemraJ, and ask d for a vacation of the orders so granted on the grounds that the anti­trust laws were uncous itutioual, that tbe Legiaiaiure e x ­ceeded its powers in passing thnn. aud that the p iwnrs given lo the Supreme Court Justice by the provisions of those laws exceeded tbe judicial fu n cion s allow id by tbe Consii u ion.

The points on which Judge Chester rests bis d cisiou grant­ing tbe motion are reviewed in an ar icle in our - duerial col­umns to-day (pages 88 to 9o), to which we would refer the reader.

An appeal will be taken from the above d-cision to the Appellate Division of ihe Supreme Court, but that oiviaion does not si , until Snpt, 7. and should an appeal then be taken to tbe Court of Appeals, thi-re can be no final conclusion much before the last of the year.— V . 64, p. 1040.

A lbany R ailw ay .— E xtra D ividend .— Tbe regular quarterly dividena of 1^2 P^1 cent and an exira d iv id -n d o f 1 oer cent have been declared, payable August 2 .— V . 64, p It 87.

Baltim ore ite Ohio R K .—Certificates A uthorized. -J u dges Goff and Morns, in the U died States Circuit, Court a- Balti­more on July 10, authorized tbe receives to issue $680,000 of receiver’s certificates to pay for 40,000 tons of steel rails. Judge Guff announced the decision, wbioh was in pait as follows :

those who object to the granting of The order asked for do so with­out denying a single a leg lion of llie petition; d > so with .ut denying Ihe faots set forth iu the petitio ; do so wi'bonG coin reverting the lads charged, tlint, at least quite a number ,f points in the road theie is absolute necessity for he laying of n-w rails-in other winds, they do not seem io object to the nurch-ise of the rads but'to llie manner in wnich they sh .il be paid for, and say that liiey should be paid for out of the current earuiugs aud not by receivers’ oeciiti- cales.”

The Court reaches tbe conclusion that the necessity for tbe putchase of the rails has heen clearly proven, and savs :

“ I go funher^aod say that counsel admitted in the argument that the necessity exists for the ourch .se if not allot the steel rails, at least for a laige pan iheieof, and therefore it resolves itself into the ques­tion as to how they shut be paid for.”

Referring to statements (which have been published from tirue to time) ihat the iudebtedn.ss of the road had been in­creased over $11),tOO,000 by the issue of receivers’ certificates, Judge Goff says :

” [ think it is a misconoeption, or rather a misstatemont, in the history 01 ibis case, io state that the evidences of indebted ness issued under the orders of Court increase the liability of the Baltimore* Ohio Bailroad to the extent thereof, in idund numbers say over $ 10,000,000. In my judgment that 19 not a correct statement! of the facts. 1 may state in coat oouneotio 1 also tha' all of these receivers’ oeitiHcates or evidences of indebtedness In e been ts.su d wi hihe assent of the par tea to this controversy. The first amount of $5,000,- uOO all part'es admitted m open court, and 0 • the record was an nb-to- lute necessity- at that time, owing to the unfortuunte eircumstauoes then surrounding the company, that these certificates should be issued. The situaiioo was uuusual; it was phenomenal, unfortunate, pitiable. At that time ihe repott male by the leceiv. rs aud ac­quiesced iu by all parties iu interest demonstrated that there was an

J o l y 17, 1897. J THE CHRONICLE 111Indebtedness of over *3.500.0 Hty bat In equity. at leaat, was a oriorlien to rhe moritr+*res ou the property of the Baltimore * Ohio Railro $d Comoauj. f he i sutui? of ihn receivers’ certificate* was a mere takiag up of that la teoce l .ea-t, a of one mano^r of debt for'au-otber. it did not increase a dollar toe indeb edness of the company.

• Tde lssu'- or me tuiili qs of dolla's for wined rollm^ -scook was pu»chase i aUo done with the a*»ear »f the p trties to this o »atro- versy, and under such elreu astances *h»t the bon Ihahler* readated th*t it was beyond al quest ion to their interest that it should hi done; and without deacrlblnir that indebted new. the tn tuner to which it was inadt*. and the mo m iu which it was to be paid. 1C is sufficient to B*y that it wi l uot deprive the boodhold-rt of one dollar of the money that would iso in the chaonei to p *T mail off to them.

•The certifloates that were issued re *tlveto the Indebtedness of the Mar j and C*»netraetloa Company did not increase the li dull ties of the railroad company; it was a dent th *t existed at the ti ne, aud wissim pH the »<itwi italic i of ooe kind of debt for aaoch ir T ie snoi rein irk may b m tie relative t • the o-rtiflcaies of the Pltiwurr <fe Oanneils- vili- R >im*ad l uiiy say iher* was a controversy the***, in the befciu- nl£. but it wsa conceded ultimately by all partita in iutere-t to be for the mutual Interest of ail parties to the controversy and (boss inter­est <i In the ultimate redemption of the Baltimore Jt Ohio R tllroad. that ih • xpeuditure should be made.”

[The previous U-uea of oert*flc itez referred to above were stated in the CHRONICLE of June 5, p 1Us7.]

As to the claim that the money for the purchase of rails should re taken from current income or gross receip s, the Judge states :

'•The originalities was to prevent the disruption of the system, to prevent tUc default of loterest. and to prevent the necessity of an linroe lia't* forec'os ire. if the money Is \6 b e used oiw for th it pu r­pose. ,»' d if, as h is been said, the interest is to oe -W ulto I. It amine the dUrap'i io *»f th * eystsin »n I »b* fared s ire of tu*» *101?. and th it before the indebtedness authorized by the Court can possibly have matu*ed or be provided for

••The statement that the bondhol tors h ive* right to determine as to l ettermeats or is to the improvement of (hero id. and not tits Court. ui«j b** s » in a general sense, but then the Court, with the a-3-nt of the bondholders, has been committed to a line of p»Ucy under the receivership, and cauuot be arbitrarily uierferei with, in my fudgment.”

1 col elusion the Court makes the folio viag remarks :"Therefore. I say. talcing all the facta and clreumsttnces of this

cairn together, th** uae of policy Inaugurated in the b-gioulng. wirh the eoDsenfi of alt t>*riM» to the controversy, u seem* lo ru* Hat U would be an sot on the part of tn» Court that would show great deroiloil u «»f duty to a>l those wcio ar*» lutereated tu this g-eat prope ty if It would take any «cu >u that would tend to cripple or d**«tror the earning

wer of toe ti tltiiu »re A Ohio Railroad Company : and It la be a use I U-ve it I* e**«*utlai to the earning power of this corporation, by

virtue of which only it can recover from the unfortunate position in which it is fou. «l today, that I think this petition should t*e granted, and f hall • rdcr the preparation of a decree to (hat effect "

Preferrtd Stock Suit, E tc .— It was expected that an opinion would be handed down in the suit of the trustees of J hns Hopkins ULiversityr to compel the receivers to pay dividends on the pr»ferred eiock, tu t none was forthcoming up to the time Court adjourned ( July 10) for the day. It is understood that the matter is under consideratiuD, however, aud the opinion may be tiled tofon* the present bearing is concluded.

The application o f the Union Trust Company to be made a party to (he receivership proceedings upon the ground that it ia trustee ior *10 .000,000 Pittsburg & Coonellsvill- bonds upon which default ha# been made and f t perraiMIun to sue the receivers in Ohio. Pennsylvania and Illinois * u granted without obj. e iioo.

New A pplication fo r C ertificates.— Before adjournment (July lb) an application was present'd in which the receiver* aaktd I. r permission to ent»r into contracts to equip the road with more rolling stock, costing nearly $8,000,000. O b j.c ion was made, and the matter will come up later.— V . 85, p. 88.

B elle C l l j Street R j . (Racine, f f t» ,)—Reorganization. — It ia now retorted that Receiv. r Smith has Hied a peii ion to be allowed to tell the road at public auction, claiming that it WOtlid be for the best interests of the Stockholders. The se­curity holders ree« m ly reached an sure, inent which it was thought wtuld avoid the rec»e«i'y for forecloeare. The bonded indebt.dness of the company is $300,000 and Ibe float­ing debt is said to amount to 133,000.— V. 83, p. 88.

lio-tou Elevated Itti,— A pplication to /siue Stock.— Presi­dent Gaston has petitioned the R.ilroad Comaes»toners for consent to an usue of $15,100,000 stock to provide means i f constructing its road upon a rou e o f n>>t las) than seveu miles in length. A bearing on the application will be given July 21 — V . 64, p. 1137.

F hat tan non: a Rome A Southern KK. — Incorporatim i. —This company bas been incorporated in Georgia as successor to the Cnattanooga Route <£ Columbus, which was sold in foreclosure in January last. The capital stock is $3,300,000 and the incorporates are : Simon Borg, Leon Speier, C. B. WVlburo, Char. 8 . Pruden, W . M. uarby, A lex. Bonnyinan and John C. Dell — V . 64, p. 733.

Chicago Sc North Western R y .— Special M eeting.— A special meeting of the stockholders will be held at Chicago on Sept. 23 to vote on the proposed issue of $160,000,000 refunding b< nds. The official notice will be found in our advertising columns.— V. 65. p. 69.

Duluth— S n p-rin r B ridge.— Com pleted.— O a Tuesday the big steel bridge uniting Superior and Duluth was opened for traffic. The total length of the bridge is 1,091 feet between approach s, a ’ d a dear w a te rv sv o f 201 feet is op“ned on eiiher rid- t f the draw. Tbs structure is llfty-eight feet wide, arranged for two rail wav 'rack*. >»sid-s street railway, wagon and fo it pstsenger war s, and cost about $1,000,000. Tber- I- a first m<>r gage for $300,000 and a seem d m d ig ig e for $6 0.0*8', hoib to the CeD tnl Trust C o., New York, as trustee,- V . 63, p. 504.

Equitable Gas Light— New Vork A E iat River Ga<—Proponed Consolidation .— The Cen'ral Trust Co. has issued the following circular to the stockholders of these companies :

“ In view of the repeat legists'! in providing for the reduc­tion of the price of gas in thecity of New Y irk. it has se-m ed to many stockholders advisable to unite the propsrti-s and interests o f tne two companies. Such an association of inter- tsc will enable the management to introduce m '.ny economies and tocom p-te more effec ivelr with the larger gas com - paui s. It will alsi enable better service to be rendered to the punlic. Ic is therefore proposed t i fo rm a new o >ro iration, aud to exchange the shares of the present companies for new securities as m vv be hereafter de erm in e!. T ie undersigned will act as deonsitary of tne s ’o ik of bnth com pin i-s, c irciti- cites for which must be endorsed in blank anddeposited with it and certiflcites of deposit will be issued.

“ If more than two thirds of the shares of the r-sp 'otive companies are deposited with tne undersigned before Sep- ternner 1, 189f, or other date limited by the undersigned.it has been agree i that a plan of reorganization shall b* f >nnu- Lted and published within thirty days thereafter. If two- thirds of the shares of bnth co npanies are not so depoiited, the snare certitic it-*s are to oe returned to d ‘post’-ors. Ic has furiher been agreed that any denositing shir-holds.- dissatis­fied with the allotment of n -w securities under surh plan, wh-n published, will be entitled, at his option, to be paid in cash as follows:

I for each shard (par $101) of the Equitable G ts Light Company, $23J in cash.

2. For each sharp (par $100) of the preferred stock of the N»*w York & East River Ga< )o npany, $115 in cash.

3 For each shar-(pnr of the c numoa stock of ths New York & E»st River G is Company, $80 in cash.

•“ A syndicate has been formed to provide the funds neces­sary to pay for the stock of depositing sharehold rs who may not assent to the plan.

“ If hold-rs of cert'lltates issued by undersigned do not within f <ur weeks after the first publication of notice of the plan l<uch publication to be in the New York • Times’ and New Vork * Tribune’ , or in anv two papers of general circula­tion published in the city of New York) notify the under­signed of their tlection to sell for ca-h as above they will then be deemed to have ass silted to all the terras and pro­visions of the plan and of the agreement of reorganization as fully as if signing the same, and the undersigned will then deposit eaid certificate* under »uch plan and a tr ism m t.”

Ihe capital stock of the Equitable is $4,109,000; East River common stock is $5,ij01 (KHl and the preferre i $2,000,00). — V. 64, p. 1009; V . 02, p. 949.

Erie R lt .— Northern RK. o f New Jersey. — Purchase.— It isannouncid that the controlling ,np rest in the Northern Railroad, wbioh was recently sold, was purchased by the Erie Rtilroad, which is n >w in-rating the Northern under lease.— V. 64. p. 1041; V . 85, p. 69.

Evansville « T erre H ants K it.— L istin g .— On the New York Stock Exchange this week were listed $137,000 first general mortgage fives, making the total listed $2,223,000.

Of the $127,000 bonds just lisp'd $97,01)0 were issued for retiring old obligations and $30,000 for new equipment.— V . 84, r- 88fl.

Fonda Johns'ow n A G lo re rsr llle R R .— New Bond*.— Of the §700.000 of l 1 p -r cent bunds recently autliotized, $600 olH) are to be issued to refund the ohl Us and 7s, and ♦ 100.000 have Oeoo s.-I | to p iy f,,r new equipment and for b-tu mien is . The E iward C. Jones C o .. New Y ork, have purchased the rtfunding issue.— V. 65, p. 26.

Fourth St. * Arsenal Ry (S t . L o u is) .— Objections to Conjiim ition o f 3 M e— Objections to the confirmation of the -ale ut ibis n a I on June gi) have been tiled by the attorneys of the road. The nbj -oiim s set forth that the purchaser de­terred perion* from holding by proclaiming that the sale was irregular and would lie attacked. The di-crpe of sale is said lo be defective. The sale, it is alleged, resulted in a sacrifice of ibe property and an nrd-r is asked to annul the sale and rt-sell the property.— V . 85, p. 69.

Galveston Lit Forte & Houston R y .— B onds — A dispatch from Austin. Texas, to the Si. Louis “ Republic" states that on July 12 “ the Railrosd Commission gave iis prrmis- sion io the La Porte Galveston & Houston Railroad lo issue $969,000 worth of bonds under condition that it would liquidate all outstanding rec-iv-rs’ claims as passed upoo by ibe Fed-ral Court when the road was ia the hands of a leceiver, W ith this issue the total bonded indebtedness of the road will be $1,369,( 09,— V . 84, p. 1041.

Great 'o r tn e r n Ry.— D ividend Increased.— The directors have declared a quarterly dividend of 1}£ per cent on the $25 G00,0:M) of preferred stock, payable A u gu sts . The com ­pany has issued r,o common stock, Uivid sods since ISO) have been 1% per cent quarterly, so that the stock is now mcrea-ed from ia 5 per cent to a 6 tor cent basis.— V . 64, p. 610.

II nnttngdoii A Broad Tup Hi. KR. A Coal Co.— No Com­mon Stock D ioidew i in A ugust. — The directors nave declared a tenn annual dividend of 2 ^ per cent on the preferred stock payable in August and pass-d the dividend on the c 'mtnoa stock. The last dividend on the preferred stock was 8}<£ par cent in February and 1 percent was paid on the common at the same tim e.—V . 64, p. 826.

till so ls Central R R .— Ohio Valley R y.— Ohio Valley Pur- Chasid.— The O h io Valley, formerly a branch of the Chesa­peake Ohio & Southwestern, was purchased in the interest of the Illinois Central at foreclosure sale on Wednesday at the up«et price of $1,060,000.— V . 85, p. 27, 69.

112 THE CHRONICLE [V O L . L X V .

John Hood Machine A Cordage.— Receiver Applied F or.— Aprlication w u nude on Wednesday, on behalf of the North- aide Bank of Brooklyn, for a receiver for this company on a judgm ent, it is reported, of $10,000.

Lehigh Valley KK.— JVeir President.— At a meeting of the board of directors on Tuesday the resignation of President Elisha P. W ilbur was accepted and Alfred W alter, President of the Delaware Susquehauna & Schuylkill and Manager of Coxe Bros.’ coal properties, was elected to succeed him.

The resignations of W illiam L Conyngham, Charles U. Skeer aDd George H. Myers as directors of the company were accepted and their places were filled by the selection of b I- ward T. Stotesbury of Philadelphia, C. H . Coster of New York, and the retiring President, Mr. Wilbur. Messrs. Stotes­bury and Coster are members of the banking firms of Drerel & Co. of Philadelphia and J. P. Morgan & Co. of New York.

The finance committee of the company was reorgantz d to stand as follow s: Alfred Walter, Edward T. Stotesbury, Charles H. Coster, E. P. Wilbur and Joseph Wharton.

Mr. W ilbur has been a director of the Lehigh Valley since 1879, and was elected President in 1884. In presenting his resignation as President Mr. W ilbur said that it had long been his desire, on account of his other large interests and trusts, to be relieved of the active charge of the Lehigh V al­ley affairs, and that at various times he had so stated to members of the board, and expressed the opinion that the time had now come when he could consistently place his resignation as President before the board.— Vol. 61, p. 1225.

M etropolitan Street Ry. (Kansas City) —E arnings— For the fiscal year ending May 81, 1897, the earnings on the 114 miles of this road, excluding results on the 20 miles of the Kansas City Elevated, were as follows :Tear ending 1897. 1896.

May 31— $ $Grose earns...1,624.796 1,622,475 Op. expenses.. 926,316 934,815

N e t . . . ......... 696,480 687,660Other income. 3,680 ............

Tot.i Dcome. —V. 64, p. 567.

7C0.160

1897.Charges— $

Interest, etc............ .445,32150 Corrigan 8t. Ry. bonds. 52,050 Transferred to oonstruct’n. 56,535 Dividends paid (2^ %) ...139,670

Total charges...................693,576Balanoe, surplus for year.. 6,584

M etropolitan Street Ry. (N ew Y ork).— New Bonds.— The new general mortgage and collateral trust 100-year gold fives were offered for subscription on Thursday by the Central Trust C o., Verm ilye (Sr Co. and the Guaranty Trust Co. The total issue is $12,500,000. but $10,500,000 having been disposed of at private sale only $2,000,000 were offered to the public, at 105 flat ex-August coupon.

Upon the closing of the subscription books it was founl that bids reached the total of $50,000,000, or twenty five times the amount offered. It is thought that this may have been due in part to the fact that many houses wanting bonds bid for amounts much in excess of what they hoped to secure, knowing that there would be an over-subscription, as the syn­dicate had been very successful in placing the balance of $10,-500,000 at private sale.

The following fr ets are from a letter of President H. H. Vreeland of the Metropolitan Street Ry. to the companies above mentioned :

" The Metropolitan Street Ry. Oo. is a consolidated oompany. which now owns all the franchises and property formerly owned by the following companies:Houston West St. A Pav'ia Ferry. I Lexington Ave. A Pavonla Ferry, Chambers St A Grand St. Ferry, | Columbus A Ninth Ave.,South Ferry RR., j Broadway Ry (formerly theMetropolitan C1 oss-Town, | Broadway Surface RR.).

The entire capital stock of th» Metropolitan Street Railway Co. of New York, amounting to $30,0(10,000. is owned by the Metropolitan Traction Co.

The proposed Issue of bonds Is secured by a mortgage on practically all tbe property of the o mpany The bonds will be secured by a first mortgage on the property of the Houston West St A Pav. Fer. RR. Co . commonly called tbe Ave. C Hue, as soon as the $500,000 bonds of that company which have been called for payment on July 1st (1897) shall have been retired. They will also be secured by a first lien on tbe Chambers St A Grand St. Ferry RR.. on tbe Fort Lee extension, and on the new electric power-house ?o be ereoted at 96th St. and First Avenue (for wbleb (lie ground has already been purchased), to cost i i the neighborhood of *2,000,000. It Is proposed that all the lines of the Metropolitan Street Ry. north of 42d Street shall be operated from this power-bouse. The mortgage will also cover as a first lien various pieces of real estate scattered throughout tbe oity, with an estimated value of $500,000.

The leases of ibe following companies are pledged for the further security of tbe mortgage, viz :Broadway A Seventh Avenue, I Eighth Avenue Railroad,23d Street Railway. | Fourth Avenue Railroad,Bleeoker Street A Fulton Ferry, I 42<1 Street A Grand Street Ferrv. Sixth Avenue Railroad, I Ninth Aveoue Railroad,

Central Park North A East River.The surplus earnings acorulng to the Metropolitan Street Railway

Co. from these leasee will be applicable to the payment of interest on these bonds.u ! .c.oU5,eral srourtty to the mortgage there have been deposit* with the Trustees the following stocks:

14.0C0 shares out of a total authorised issue of 21,600 shares of t , „ „„ Broadway A 7th Ave. 10 per oent guaranteed stock.4.000 shares out of a total authorised Issue of 7,500 shares of the 4

St. A Grand 8t. Ferry 18 per cent guaranteed stock.3.000 shares out of a total authorised Issue of 18,000 shares of ta ooo ,Pa,r* North A East River 9 per oeot guaranteed sto<9,900 shares out of a total authorized issue of 10,000 shares of t

34th Bt. Crosstown Railway stook.coaiV*nT haa exPen<led In acquiring the stocks above nam

and in making improvements not heretofore capitalized io anv f ,raa“ “ ' “.r .Y "" , fl 00,0’0?0- _W.000.000 of (he proceeds of th bonds will be plaoed In tbe bands of Trustee* to retire prior liens to be paid out as further expenditures are made and duly certified 1fSjL* of the oompany for this fiscal year (ending June :it*!?7 *a,l?r °f a operating expenses, taxes, rentals a

« « « ' charge, $1*87,953 U . It I* expected that the Irnpro" ments to be made with the proceeds of these bonds will very large

increase tbe surplus earnings, which will be applicable to the payment of interest on them —V. 65, p. 27.

New York A East R iver G as—Central U nion G ib , New Y ork.— New C om pany.—On W ednesday the Central U nion Gas Company was incorporated at A lbany to m anufac­ture and supply gas and electricity in the counties of New York, Kings, Q leens, Westchester and Richmond. The capital stock is $3,500,010 ; shares $100 each. The directors for the first year are Richard N. Y oung, James E Tolfee, Charles L . Horton and Ed vard Canfield of New Y'ork City, and Thomas S. Smith of Brooklyn. H adquarters of the company are to be in New York City.

The incorporation of the Central U aion Gas is the result of the purchase of control of the Central Gas L ight Com pany in the interest of the East River Gas. The Central Gas L igh t had a capital of $500,000, and until 1995 paid 4 per cent div­idends; since then dividends have been 8 per cent. The com ­pany expanded its plant and fully equipped its district north of the Harlem River, where it had practically no competition. Its plant is at the foot of East One Hundred and Thirty- eighth Street.

It is reported that the Northern Gas L ’ ght Com pany, oper­ating in the 24th W ard , with a capital stock of $125,000, m ay be brought into the consolidation.

The East River and Central Union companies will be oper­ated in harmony, and it is possible that all the gas w ill be supplied from the East River works at Ravenswood, Long Island. It is also proposed to cons didate the East River and Equitable gas companies.— V . 62, p. 949.

New York Sasqnehanna A W estern R R .—Rumored Change o f Control..— Reports have been current this week that J. P. Morgan & Co. had purchased control of the New York Sus­quehanna & W estern. Controlling interests in the Btock of the company deny that they have sold their holdings, and Mr. Coster, of J. P. Morgan & Co., say s : “ W e have not bought a share of the stock.” The “ Evening P ^st” says :

“ The Susquehanna and the Erie are bidding for the Dela­ware & Hudson’s coal-carrying contract (which expires expires Jan. 1, 1898,) which for ten years has been worth about $1,000,000 a year to the Erie. The Morgan interests are endeavoring to protect the Erie, and for that reason have considered buying control of the Susquehanna. The great amount of stock per mile of road in that company, however, makes it a most expensive purchase.”— V . 65, p, 69.

N orthw estern E levated (Chicago).— Colum bia Construc­tion Co. In terest.— Interest due July 1 on the debts of the Con­struction Company is being paid in scrip; the January inter­est was also in scrip. The Construction Company’s statement of Sept. 1, 1896, was given in V . 63, p. 503, showing $431,800 capital stock i n the treasury subject to sale, but it is under­stood no stock has since been disposed of and no material cbaDge hag taken place in the condition of the com pany.— Y . 64, p. 1089.

Norwich A W o rc ester R R .— Yetc B onds — The Maine Rail­road Commissioners have authorized the issue of $280,000 4 per cent 2 '-year bonds to pay off the floating debt of the Nor­wich & New York Transportation Company, which is con­trolled. The company asked permiseion to issue $800,000 of bonds.— V . 65, p . 27.

Oregon R R . A N avigation Co.— M eetings.— In accordance with the provisions of the voting trust agreement, a meeting of the holders of certificates representing preferred stock will be held at the cffice of said company, No. 27 W illiam

Street, New York City, on Thursday, Aug 19, 1897, at 11 a m , for the purpose of nom inating ten directors, at least five of whom shall be residents of the State of Oregon, and a meeting cf holders of certificates' representing common stock will be held at 2 P. M. on that date to nominate five directors, of whom three residents of Oregon, to be elected at the annual m eet­ing of the company at Portland, Oregon, on Sspt. 2. Transfer books will close July 20.— V . 64, p. 1137.

P ittsb u rg Ft. W ayne A Chicago R y .—A dd ition a l S tock .— Additional “ guaranteed special im provem ent” stock to the amount of $283,691 has been issued to the Pennsylvania R R . for improvements, making the total am ount outstanding $19,167,148.— V . 65, p. 25.

Su m m it E ra tc li R R .— Sold.— This coal road was sold in foreclosure on Tuesday to the reorganization committee for $50,000. The reoigacization plan w asgiven in tbe Chronicle, V . 63, p 1065, and in V . 64, p. 708, some modifications were noted.— V . 64, p. 1002.

U nited States Car.— D eposits o f N on-Assenting Securities Colled F or .— Security holders wfco have not asserted to the p lm of reorgarizaticn are requested by an advertisement in another column to send their names and addresses to A . O. Slaughter & Co., Chicago, or Price, McCormick & Co., New Y ork .— V . 64, p. 1181.

U nited Traction (P it ts b n r g )— P. A . & M. Traction A c ­quired .— In accordance with the pi in of consolidation the Pittsburg Allegheny & Manchester Traction Co. passed into the control of the United Traction on July 10.

Bonds Sold.— Brown Bros. & Co., N . Y . , and Alexander Brown & Sons, Ballim oie, have purchased $4,000,000 of the general mortgage 5s (see V . 64, p. 1181) and the proceeds will be used to pay in part for several roads acquired.— Y . 65, p. 27,

W ilm in g to n Newliern A N orfolk R y.— Sold.— This road was sold in foreclosure on Thursday to interests identified with the A llantic Coast Line Co.— V . 64, p. 1228,

J t 'L Y 17, 1897. J THE CHRONICLE 113

JJhe C o m m e rcia l JJimes.C O M M E R C I A L E P I T O M E .

Fr id a y N ig h t , July 16, 1S97.f Recent dev*. lopments have been of a slightly disturbing nature to the general business world. The labor troubles have caused more or less uneasiness, although thus far they have not been of a nature to create especial anxiety. The advices received from Washington indicate that progress in the tariff legislation is being delayed by a seeming disa­greement between the House of R-presentatives and the Sen­ate conferrees over the ;Ugar schedule, and this, too, had been a source of some anxiety to merchants, as they fear as a con­sequence a further delay in the passige of the tariff bill. Exctunve of drought reports from tbe Southwest, crop news, particularly for grain, has been of a favorable nature. A fairly sharp advance, however, has occurred in wheat values, based on the unfavorable nature of the foreign cron accounts. The action of the Senate Committee on Foreign Relations in agreeing to report a resolution for the ad >ption of the Ha­waiian annexation treaty without amendment has attracted some attention.

Lard on the soot hss had only a limited sale and as there have been moderate offerings prices have weakened slightly, d o in g at 4 07)fc. for prime Western, 3'7dc. for prime City and 4 40c. for refined for the Continent. There has been no trading in the local market for lard futures, but at the West, under moderate off-rings prompted by an increase in the receipts of swine, the tone of the market has weakened and values have eased off slightly. The close was quiet.

DA It. T CLOSrXO PRICES OF LARD FCTCRES.Sal. JIon. Yurt. Wed. Thun. Fri.

Sept................................ 0. 4-20 4 20 4 15 4 15 4 20 420Busin. 84 in tbe market for pork has been quiet, and as

there have been fair offerings prices have declined to $8 00 @8 50 for mess, <8 50®10 50 for short clear and $9-1)9 75 for family. Cut meats have sold slowly and prices have de­clined, closing at for pickled bellies, 12® 10 lb*,average. 5®5tf'\ for pickled shoulders and 8}f®9o. for pickled ham». Beef hss b-en quiet and unchanged, closing at $7 50 @8 f 0 for mess, $3®9 50 for picket, $9 afl0 for family and $124)13 50 for extra India mess. Beef barns have been easier at $234)23 50. Tallow has been quiet but steady at 3‘ fc . Oleo stearine has had only a limited sale, but prices have held firm at c. Lard stearine has been dull but steady at5}fc. Cotton seed oil has bad a fair call and prioes have ad­vanced to 24*f®J5c. for prime yellow. Butter has had a mod­erate sale and pries have improved slightly, closing firm at ll® 16^c. for creamery. Cheese has had only a limited call, and values have weakened slightly to 8®7*fc. for State fac­tory, full cream. Fresh eggs have been in fair demand and firm for choice, closing at lt?f®13a. for choice Western.

The Brazil growths of coffee nave had only a limited de­mand, but there has been leas pressure to sell. The close was steady, with Rio No. 7 at 7tfc. Mild grades have been Ireely offered, and as the demand has been quiet prices have been lowered to 18c. for good Cucuta and IKiJfc. for standard Java. Tbe speculation in the market for contracts has been quiet, but in response to stronger foreign advices and some buying for European account, price* have advanced slightly. The close was steady. The following were tbe final asking prices:July................... 6-75a. I Oct.................. . 7-OOc. I Jan......................715e.Aug .................. 0sOe. Nov..................7 05e. . Fet....................... 7-J0e.*«Pt................. 8 00c. | Doc................ 7'lOe. | March............. 7 25c.

Raw sugars have been fairly Active and higher, closing Arm but quiet at 84fn. for centrifugals, 96 deg. teat, and 8 tfc . for muscovado, B9 deg. teat. Refined sugar hail a fair sale early in the week, but ch sed quiet with granulated at 4 Jjc. At the auction, teas sold lower, but the cloee was steadier. A large business has been transacted in foreign molasses.

Only a limited volume of business has been transacted in Kentucky tobacco, but the offerings have been small and price* have held firm. Sales 150 hhds. Seed leaf tobacco has sold slowly but price* have been firmly maintained. Sales for the week were 995 oases, as follows: 400 cases 1895 ■crop, Zimmers, 15® 16c.: 100 cases 1895 crop. New England ,H*v%na. 15 321c ; 100 cases 1895 crop, Pennsylvania Havana, 18J4c.j 150 cases 1894 crop, Wisconsin Havana. 9c.; 45 cases 1893 crop. Wisconsin Havana, p. t„ and 201 cases sundries, 4®i5c.; also 175 bales Havana at 70c. to $1 10 in bond and 225 bales Sumatra at 90o. to $2 15 in bond.

There has been a fair amount of business transacted in the market for Straps tin, and although offerings have been large prices bave held about steady, closing at 13 91® 13 95c. Ingot copper has had a fair export demand, closing steady at ■H ® 11 !fe. for Lake. Lead has been quiet, and as there was some pressure to sell at the close, prices were weaker, closing at 3 85c. for domestic. Spelter has been quiet but steady, at 4'30@4‘35c. for domestic. Pig iron bas been quiet and un­changed at $9 25® 12 00 for domestic.

Refined petrol-um has beeo lower, closing at 5-85c. in bbl*.,8 85c in talk and 6-3')c. in ois-** ; naphtha quiet at 9'50e. Crude certificates have been neglected ; credit balances have been lower at 77c. Spirits turpentine has been quiet but steady at 26®2«}fo. R wins have declined, dosing at $1 659 $1 67If for common and good strained. Wool hss been in­differently offered and prices have held firm. Hops have been quiet but steady, ^

C O T T O N .Fr id a y N ig h t , Ju ly 16, 1897.

T he Movem ent of th e Cr o p , as indicated b y our telegrams from the South to-night, is given below. For the week ending this evening the total receipts have readied 4,415 bales, against 4,953 bales last week and 3,856 bales the previous week, making the total receipts since the 1st of Sept., 1896, 6,670,832 bales, against 5,198,591 bales for the same period of 18ii5-6. showing an increase since Sep 1,1896. of 1,172.2H bales.

R ece ip ts a t— Sat. M on . 1 Tues. W ed. T h u rs. F r i .

Galveston........ 37 7 209 101 11 63 423Tex. City, Ac. . . . . . . ( . . . . . . jj . . . . . . . . . . . . . . . . . . . . . . . .

New Orleans... 69 130 223 7' 40$ 24 861M obile.............. 3 1 5 6 2 17Florida............. . . . . . . . . . . . i . . . . . . 1 . . . . . .Savannah......... 4 10 237 15 5 28 299

Brunsw'k.Ae. . . . . . . . . . . . . ......... i . . . . . . . . . . . .Charleston.......

Pt. Koyal,Ac.5 3 51 4 63

Wilmington— Wa&h’ton.&e.

110 11

13 93 202 11247

319247N"p’ t News, Ac.

New Y ork....... . . . . . . 1 . . . . . . i85 102 75 50 51j

75!363

75Baltim ore........ . . . . . .Philadid’a, A c .. 216 301 121 503 317 214 1,732

j Tot. this week 414 4541 911 863 1.044 729* 4.415The following shows the week's total receipts, the total since

Sept 1, 1996, and the stock to-night, compared with last year.

Receipts to July 16.

189(1-97. 1895 90. Stock.This

week.Since Sep. 1. 1896.

Thisweek.

Since Sep. 1, 1895. ' 1897. 1896.

Galveston... 1 423 1.340,779 266 927,063 4,228 8,261Tex C.,Ac. 112,751 229 112,825

NewOrtean* 861 2,070.043 2,226 1,751,742' 16,81s' 49,932Mobile...... 17 291,351 54 195,898' 2,174 3,289Florida.... . <48,525 33,7453!Haras nah...| 299 910,294 009 752,140 10,250j 7,988Hr* wick, Ac. . . . . . . ! 177,266 116.23 1,317 1,416

Charleston. . ! 63 398.376 C4 290,100 14,321 11,073P. Royal. Ac. 73,595 7 (018Wilmington. n| 231.477 2 170,931 l,84o! 4,550Wash’s. Ac - 767Norfolk...... 319,, 703,882 « 8; 337,501 1,852! 4,263N'port N.Ac 2*7, 18,85b 329 169,846 50New York.. . . . . . . ’ 18,575 53,147 F0.473 101,800Boston____ 303 160,117 263 126.272 6,000 6,800Baltimore . . 75 63,021 45 48,8531 3.154 7,851Phlla-lcl. Ac. 1,732 43,072 82* 44,013! 5,934' 6,780

Totals.......i 4,41ft 6.670,332 3.896 5,198.591 148,366 213,553In order that comparison may be made with other years,

we give below the totals at leading ports for six seasons.Receipts a t- 1897. 1896. 1 1895. 1894. 1893. 1892.Oalres'n.Ac. 428 49 Ij 133 523 985 447New Orleans 801 2,22s 630 1.28. 4,879 4,541Mobile . . . . 17 54 ft 24 23 100Savannah... 289 269 140 725 1,829 1,002Chae'ton, Ac. 03 64 97 300 21V 95Wllm'ton. Ac 11 2| 1 8 41 67Norfolk___ 319 68 5 195 849 119N. Nows, Ac 247 329 118 59 325 77All other* . 2,170 390 1,488 635 1,948 5,561Tot. this wk. 4,415 3,896 2,070 3,812 11,091 12,075Since Sept. 1 6*170,831 •M:*-.V*1 7s53,4!»2 5903*498 5040,549 7090,448

The exports for the week ending this evening reach a total of 15,701 bales, of which 6,210 were to Great Britain. 288 to France and 9,262 to the rest of the Continent. Below

j are the exports for the week and since Sept. 1, 1896.

Erportefrom —

tFeck Ending J t ly IdExported to—

. 1897. Pf«>'h SeVr. 1. IKJfl, to July 1»J. IM1»7.E xported to—

GreatBril'n.

France C<mf4-nmi.

TotalWeek

Conti­nent. Total.

Galreaton . IjMO i j tk i 741,201 2* *1,601 286,720 1,228.008Tes. City. Ac.. .................... 21.798 21,798New Orleans.. 4.000 1,301 6.301 843,077 426,024 085,660 1,966,665-Mobile.......... .. . . . . . . . . 143,412. ....... 37.120 180,632Pensacola ... . . . . . ........ 00,732 ......... 5,018 72,350Savannah....... .. . 48.20.1 16,334 372.543 430,140Brunswick ... ........ ........ ........ 103,347 ...... 21,789 126,130Charleston .. ........ :8.32a .......... 101,889 270,211Port Royal . ....... 71,000 ....... 71,000Wilmington.. 06,431 i ....... 111,303 200,704Norfolk..... 101 1.1 148,320 6,2(0 40.06'- 200,176N’port S „ Ac.. 9,6631 ...... 1,178 10,831New York.... ijsei im 3.90? 5.8H 32i,,675j 37.913 280,(88 048,206Boeton........ 518 IK* 14* 228.874! ...... 8,72* 232.600Baltimore..., 12 1.3W l.*2» 80,717 8,798 82.1*0 171,985Philadelphia.. 1*4 ....... 124 21,139 ....... 460 11.682San Fran.. Ac . . . . . 3,6011 ...... 66.731 69.292

Total...------- 6.C40 & s 9.JW2 16,701' 3,0Ot,3O7<K>t,*8S 2,204,140 6.003,841Total. 1856JMI. 9.471 . . .7 . 6.410 16.884 2,208,189 ,05.780 1,831,014 4.606.980

114 THE CHRONICLE. [VOL. LXV.

In addition to above exports, our telegrams to-night also give us the following amouhts of cotton on shipboard, not cleared, at the ports named. We add similar figures for New York, wliicn are prepared for our special use by Messrs.

ON SHIPBOARD, NOT CLEARED FOR— LeavingJuly 16 at (treat

Britain. France. OtherForeign

Coast-wise. Total.

stock.

New Orleans...Ga1. eston.......Savannnh......Charleston......Mobile ............Norfolk............New York........Other ports —

Total 1897...

618None.None.None.None.None.1.400

500

1.397 None. None. None. None. None.None.

1.040 None. None. None. None. None. 5, 00

800

751333

None.100

None.530

None.None.

3,806333

None.100

None.530

7,1001,300

13,012 3,895

10,250 14.221 2,1 "4 1,322

73,378 16,945

2,518 1,397 7,540 1,714 13,169 135,197

Total 1896... Total 1895...

12.10«8.550

1,503None

20,3446,258

1,2961,997

35,28916,805

178.264365,544

and the course of prices has been somewhat irregular. Operators, owing to the uncertainty surrounding the crop situation, have shown a disposition to hold off and await developments, although as day after dav passes with the dry spell in the Southwest practically unbroken, the senti­ment of local traders appears to be growing more bullish. However, as no serious damage has resulted as yet to thefrowing crop in Texas and Arkansas from the drouth, they

ave been reluctant to go “ long"’ of the market in the face of the favorable crop prospects in other sections of the cot­ton belt. Early in the week there was a slightly weaker turn to values as showers were reported in the Southwest on Saturday and Sunday ; still there was no general rains and the selling was only scattered; then followed a fairly sharp advance on a demand from shorts to cover contracts the operators being somewhat nervous over the continued dry weather reports. Wednesday, there was a slight reaction in values, due largely to realizing sales by local longs, al­though there was some selling for foreign and Southern ac­count. Thursday there was an advance in prices early in the day, in response to unexpectedly stronger foreign ad­vices. ” Subsequently, however, predictions of showers in Arkansas prompted some selling, and part of the early im­provement was lost. To-day there was a further advance of (i to 8 points in prices on moderate buying, induced by better foreign advices than expected and the continued dry weather reports from the Southwest. Cotton on the spot has con­tinued to have a fair sale both to spinners and exporters, and prices have been firm. To-day the market was l-16c. higher, closing firm at 8c. for middling ujflands.

The total sales for forward delivery for the week are 516,■'>00 bales. For immediate delivery the total sales foot up this week 12,98£ bales, including 4,“87 for export, S,615 for consumption, — for speculation and 2.E00 on contract. The following are the official quotations for each day of the past week—July U) to July J6.

Rates on and off middling, as established Nov. 22,1893. and revised Dec. 11, 1895. by the Revision Committee at which rales other than middling may be delivered on contract:

T he Sa les and P rices o p F utures a t N ew Y ork , are shown in th e fo llo w in g com prehensive table.

Fair................. ............. ..C. 1*4 on.Middling Fair.............. . . . 78 on.Strict Good Middling.. ... *2 on.Good Middling.............Strict Low Middling...

on.off.

Low Middling.............. . . . 3S off.Strict Good Ordinary.. — U16off.

Good Middling Tinged...Strict Middling Stained .Middling Stained............. %Strict Low Mid. Stained. 25.Low Middling Stained... 14,

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

1 Off.Even.

i-i-i off.% off.2o32 off.

1>4 off’.

U P L A N D S . S a t . M o i l T o e s W e d T i l . F r I .

G o o d O r d i n a r y .....................................L o w M i d d l i n g ........................................M i d d l i n g ......... ...........................................G o o d M i d d l i n g ......................................M i d d l i n g F a i r .........................................

6 1 5 , (7 » «7 1 5 , 6 S H81 -1 i b

613 , ,7*187 lDj ,8 4 ,8 ' 3 ,

615 0 7 - .« 7 5 ,, 8 4 , 8 ' 3„

6 1 5 ,,7 -167 1 5 .68 4 ,813 ,

6 5 , f7 2 16 7 1 5 , „ 8 4 , 813 ,

77»88 _8 5 ,68 78

G U L F . S a t . i n o n T u g s W e d T h . F r i .

G o o d O r d i n a r y .....................................L o w M i d d l i n g ........................................M i d d l i n g ..................................................G o o d M i d d l i n g ......................................M i d d l i n g F a i r ........................................

7 3 l« 7 ‘ « i

§ • >8 ^9 1 -jo

7 3 R

8 3 |k

8 »s

7 h 6 71 -1 8 3 6 8 4 , 9 1 , -

7 3 „ 71 , , t 8 3 , 6 812 9 >-|

7 1 .6

S h i 68 i s91 6

7 4 ,7 i 98 M8 3 .«9 %

S T A I N E D . S a t . M o n T u g s W e d T i t . F r i .

L o w M i d d l i n g ........................................M i d d l i n g ..............................................S t r i c t M i d d l i n g .....................................G o o 1 M i d d l i n g T i n g e d ....... ..........

6 > l,e7 »,«7 2 3 , 7 1 5 , fi

6 n , f7 9 n723 ...7 <bv

g “ i« 7 »,.. 7 2 . , . 7 1 5 , „

® ^ 1 6 723 s 715 , „

t S i 1 *

7 2 - 4716 p

63 t7^87 36328

MARKET AND SALES.The total sales of cotton on the spot and for future delivery

each day during the week are indicated in the following statement. For the convenience of the reader we also add a column which shows at a glance how the market closed

SALES OF SPOT AND CONTRACT.Sales of Futures.CLOSED. Ex­

port.Con-

sump.Snec-uVVn

Con­tract. Total.

Sat'day.. Monday. Tuesday Wcd'day Tli'day.. Friday..

Total..

Steady.............8toady ..............Firm..................Firm..................Firm................ynlei at i,8 adv.

677846

1,170566600208

299844

1,6612,495

543773

....

600900900

976 2,290 3,*31 3,961 1,143

981

66.500 71,600 74 40095.500

129,8008.1,700

4,067 6,615 2,300 12,982 519,500

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a

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MO©© I @

2 i

> fx ► ►\ 1 i. I l i. i 1 1 1 i. 1 1 ^ 1 1CT3 cr? cr? cr;1 9 : ® i 9 : ® 1 9 : ® 1 9 ; ® 1 9; ? 1 9 : ®11 11 1 1 11

► ► > t* >1 i A 1 1 i. 1 1 1 1 i. 1 1 1 1 I i.cr; cr? cr? cr? OR? cr?1 9 ; ® 1 1 : |

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"M•includes sales in September, tor Sentember, 15,100: September-

Ootober, tor October. 381,800; Septeraher-November, for November, 372.000; September-Deoember, tor December, 2.290,000; September- January, for January, 7.114,100; September-February. for February, 146,900; September-March, for March. 6.288,200; September-April, for April, 335,800; September-May, for May, 4,913,000; September- June, for June, 799,900.

tW " For exchanges see page 117.T he V isible S u p p ly of Cotton to-night, as made up by

cable and telegraph is as follows. The Continental stooks, well as as those for Great Britain and the afloat are this week’s returns and consequently all the European figures are brought down to Thursday evening. But to make the totals the complete figures for to-night (July I6i. we add the item of exports from the United States, including in it the exports of Friday only:

July 17, 1887,j THE (JSKONH’LE. 1151897. 1896. 1895. 1894

Stock at Liverpool.......bales. 832.000 739.000 1,131.000 1,297,000. . . . . , " . .. .. .•«Wk at London............. e.ooo 6,000 9,000 7,000Total Great Britain stock. 838,000 745,000 l ,490,000 1,294.000

stock at Hamburg.................. 23,000 30,000 29,000 35,000e t o c k at Bremen..................... l ii.OOO 166.000 261.000 1-17,000Stock at Amsterdam.............. 3,000 7,000 15.000 13,000Stock at Rotterdam............... 200 200 200 *200Stock at Antwerp................... 11,000 12.000 11.000 13.0U0Stock at Havre....................... 133.000 207,000 427,000 381,000Stock at Marseilles................. 6,000 6,000 5,000 7,000Stock at Barcelona................. 82,000 79,000 94,000 78,000Stock at Genoa........................ 39,000 61.000 63.000 17.000Stock at Trieste...................... 18.000 39,000 35,000 34.000

Total Continental stocks.. 476,200 60,',200 943,200 723,200Total European stocks— 1,316.200 1,352.200 2.4S3.200 2,023,200

India wmon afloat tor Europe 52,000 61.000 124,000 75,000Ainer.eotten afloat for Europe 36,000 49.000 49,000 60,000Egypt, Braill, A o. ,at! c.for E*po 15.000 10,000 15,000 22.000Stock to United States ports . 148,368 213,353 332.319 26 5,541Block In U. S. Interior towns.. 34,937 87,925 56.304 73.105United States exports to-day. 0.376 862 6,337 2,033

Total visible supply......... 1,003,879 1,777,540 3,065,210 2.519,879Of tbeabove, totals or American and other descriptions are as follows:

Liverpool stock......... ..bales. 703,000Continental stocks............. 3American afloat for Europe - 36.000United State* stock................ 149.3(56United States Interior stocks. 34,917United States exports to-day. 8,370 _

Total American............... 1,31s,679 1H ast I n d i a n , J S r a iil, d e .—

Liverpool stock...................... 127.00cLondon stock........................... 8.000Continental stock#................. 90,200India afloat for Europe,.. . . . . 52,000Vgypt., Brazil, &e„ afloat......._ 15,000

Total East India, Ac........ " 290.200Total American ........X.S19X170 lTotal risible supply........1,004 47o 1

Middling Upland, Liverpool.. V-j-.riMiddling Upland, Sew York. «o.Egypt GoodBrown, Liverpool S'i#X Berov. EoilkitGood, Liverpool (Seel.Broach Fine, Liverpool.......... *' d.Ttnnevelly Good, Liverpool.. Allied.

t W The im ports into Gojitm anfa! boon 50,000 bales.

591.000 1,355,000 1.083,000471.000 8*0.000 351,(10049.000 49.000 (SO.OOO

213,553 3 82,34 ( 265,54187,923 50.304 73.105

80S (1,357 2,033,1X3,340 2,(Ss9cOTo 2,034,679148.000 128,000 204,000

ti.OOO 9,000 7,000138.200 103,200 177,20064.000 133.000 73.00010.000 15,000 22,000

381.200 376,200 485,200,413,340 2,899,010 2.034.879 ,777.540 3,065.810 2,519 879

327 d 3U,*d. 3<'-lart.7*ao. 7 a. 7i)flo,«%J. «\d . 5d.

6‘ .v-J. 5*ts<L 5»',«.l 3-'L.4, 3 a... d. trt.

3%L 3«w,-.d.ports the pae! week have

The above tiguren indicate a deereane in the cotton in right to night o f 08.361 bales as com pared with the same date o f 1886, a failing off o f 1,451,38! bales from the corresponding date o f 1885 and a decrease o f 811.000 bales from 1894.

a t THE Interio r Tow ns the m ovem ent— that la the receipt*for the week and since Septem ber 1, the shipm ents for the week and the stocks to-n ight, and the sam e item * for the corresponding period o f 1885-96— ta set ou t in detail below .

The above totals show that the interior stocks have decreased lu rin g the week 6, (16 bales and are now 51.8-8 bales less than at same period last year. The receipts a t all the tow ns have been 3*776 ba l-- more than an me weak last year and since 8er»4.1 they are 320,758 bales more than for same time in 1895-6.

(^dotation s fo r Mid d lin g Cotton a t Oth e r Ma r k e t s .— below are closing quotations of middling cotton at Southern and other principal cotton markets for each day of the week.

CLOSING UO irvTIONS COS MIDDLING COTTON Of —July 16. Satur. Mmi. Tues. Wednes. Thurs. Fri.

(ralreston.. 7ri,« 7u ia 7H!g 7UU. 7‘ 1ib 7 '1,eNew Orleans 7ri1() 7H,S 7 ‘ hs 7% 7% 7%Mobile........ 7»2 7h 7h 7h 7% 7=sSavannah. . 7 hi 74 7h 7’J,e 7» 8Charleston.. 7% 7% 7% 7% 7% 7%Wilmington. 7% 7-s 7~b 7% 8 sNorfolk....... 3 8 8 8*6 S% SisBoston........ 7**18 71*16 71*18 7*ha 713,6 71518Baltimore... 8% 81s 8% 8 h 8MPhiladelphia S;m She She She 8ha 8*4Augusta----- 7ra 77s 7% H 8 bMemphis__ 7\ 7% 7% 7% 73i 7%Sr. Louis___ 7\ 74i 71* 7-3,6 713 6 71*!,Houston---- 7i',a 7 u ta 7Cia 711(6 711,6 711,6Cincinnati,. 8 8 S & 8 3Louisville... 7»4 7\ 7% 8 8 8

The closing quotations to-day (Friday) a t other im portant Southern market* were as follow s.Athens............. 8 Columbus, Ml** 7h Nashville........ 7*aAtlanta-------- 7*9 Kufaula........... 7M Natobe*.......... 7»15Charlotte....... 8*4 Little Rook.... 6 “9 Rnlelgh........ 8Columbus. Ga. 7\ Montgomery... 7*s Shreveport.___ 7M

Receipts from th r P lan tatio n s .— The fo llow ing table in iii ales the actual m ovem enteach week from the plantations.i he figures d o not include overland receipts c o r Southernoasum ption: they are sim ply a statem ent o f the w eekly Movement from the plantations o f that part o f the crop w hich dually reaches the m arket through the outports.

******Sndinth-

Receipt* at («# Part*. St* at Interior Town*. Rec’vUfrmn PlanVm1 vm , \ im . |vm . 1W,. [ 1898. ism. 18»7, 18«i. |1866.

Janeii, ,j SJU»i UMS77| 15,525 saAiajuojes 76,165 16 6,261u ! '.711 U,«P| i&Mi n.f=» 7,446 11.257

** SK...6 j H.0U: x 8.S24 I0i,W b «7,e78 85 2,196July t.*,. | Q.mt\ MW* 3.7U6 m.mA mM* m .m 595 649

“■ 0 .... 4A,U\ *1, :4 PSjte* 68.768 140“ 18 1 * jm tmn 87.025 5tt,30i .......• 219The above statem ent show s: l , —That the total receip ts

from the plantations since Sept. 1,1896, are 0,585,175 bales: in 1890-98 were 5,233,816 bales; in 1894-93 were 7,852.461 bales.

2 .—That a lthough the receipts a t the outports the past week were 4.1,3 bales, the actual m ovem ent from plantations waso n ly ------ bales, the balance being taken from the stocks atthe interior tow ns. Last year the receipts from the plantationsfor the wvek w e r e ------ bales and for 1895 they were318 bales.

O v e r la n d Movem en t fo r t h e W eek and S ince Se p t , 1,— We give below a statem ent show ing the overland m ovem ent fot in * week and since Septem ber 1, As the returns reach ub oy telegraph late Friday n ight it is im possible to enter so largely in to detail as in our regular m onthly report, but all toe principal m atters o f interest, are given . This w eekly publication is o f com ae supplem entary to the m ore extended monthly statem ents. The results for the week ending July 16 and sine*- Kept. l in she last tw o vaars are a* follow s.

July lfl.1896-97.

Wttk* Bmt* 8tVL \

&kxppm*~V!» dt, LoftlA......................... .Vi» Cairo........ . . . . . . . . . . . . . . . . .VI* P«tflttsr . . . . . . . . . . . . .

0.8 tl673*to

554,134271,984

22,677Via Kvantn-Jlle... . . . . . . . . . . . . .Via IkOuUrilht..., . . . . . . .... ....

2,tk*»S138*842

Via 'hnolnnatl...........................Vi* other route*. Ac..............’...

1,(120220

149,460 117,028

Total inn.* overland.............Deduct thipment*

Overland to N. Y., Boaton, Ac.Between Interior town*...........Inland, Ac,, from Boutl,.............

6,8132,170

iy843

1,25-1.578819.785

4.70V52,510

Total to 0© clortaotiNl.. . . . . . . . . 3,026 377.003Leaving total net overland*-. 2,797 877.575

* including movement hr rail to Canada.

! 1895-96.

ir«k . Since SejiL 1,

1 905 1,074

549,832 *24, ,105

18.751! 75

556 171

1,681138,1511*20.27092,121

*2,781 1,165,501390*278053

27*2.2904.329

55,0821,319 331,7011,462 833,800

The foregoing show s that the w eek's net overland m ovem ent this year has been 2,787 bales, against 1.462 bales for the week" in 1898, and that for the season to date the aggregate net overland exhibits an increase over a year ago o f 43.775 bales.

f » Sight and Spinner*' Takings.

Receipts at ports to July 18.. —Net overland to July 18................lontbern consumption to July 16

Tota marketed..........nterior stocks In exeen*.

1896-97.

Caine Into (debt during week. Total In sight July 16___

NnrtlVn spinnerstak'gato July id!

1895-96

Week. Since Sept. 1 Week. since

Sept. 1.4,4152.7*7

15,0008,670.832

877,575867,000

3,8961,402

13,0005,198,591

833,800842,000

22,202’ 6,410

8,415.407*85,657

18.358 * 5,983

6,874,39155,225

15,7688.329,750

12,3756,929,016

15,339 1,715,116 1,881 1,588,885Lea* than Sept. 1.Decrease during week.

It will be seen by the above that there ha* come Into sight during the week 15,786 bales, against 12,876 bales tor the same week of 1896, and that the increase in amount in sight to-night aa compared with last year is 1,400.134 bales.

116 fHE CHRONICLE. [ V o l . L X V .

W eath er Reports by T e leg ra ph .—Our telegraphic re­ports from the South this evening indicate that there have been beneficial rains along the Atlantic and in the Eastern Gulf States during the week, and that in consequence the crop is improving. Else where in the cotton belt where rain has fallen the precipitation has been light, and from Texas, Arkansas and Tennessee there are complaints that moisture is needed. In Texas hot, dry weather is causing bolls to open rapidly, anil some picking is being done in the southwesternportion of the State.

Galveston, Texan.—The light showers of the past week, where they occurred, were beneficial to cotton, but the crop is needing a good general rain throughout the State. Hot and dry weather is causing bolls to open rapidly, and some picking is going on over Southwest Texas. Early cotton is shedding leaves, forms and squares in several sections. We have had rain on one (lay of the week, the rainfall reaching six hundredths of an inch. The thermometer has rangec from 77 to 93, averaging 85.

Palestine, Texas.—We have had no rain the past week. Average thermometer 84, highest 100, lowest 6 8 .

Huntsville, Texas.—It has been dry all the week. The thermometer has averaged 84, the highest being 102 and the lowest 6 6 .

Dallas, Texas.—Rain has fallen on one day during the week, the rainfall reaching thirty-three hundredths of an inch. The thermometer lias averaged 82 and has ranged from 61 to 104.

San Antonio, Texas. — We have had only a trace of rain during the week. The thermometer has ranged from 68 to 100, averaging 84.

Luting Texas —Rain has fallen on one day of the week, the rainfall reaching forty-two hundredths of an inch. Average thermometer 84, highest 102, lowest 67.

Columbia. Texas.—There has been rain on one day of the week, the rainfall reaching fifteen hundredths of an inch. The thermometer has averaged 82, the highest being 97 and the lowest 67,

Cuero, Texas.—There has been one shower during the week, the precipitation being two hundredths of an inch. The thermometer has averaged 84, ranging from 67 to 101.

Brenham, Texas.—There has been rain on two days of the week, the rainfall being fifty-two hundredths of an inch. The thermometer has ranged from 69 to 104, averaging 8 6 .

Fort Worth, Texas.—We have had rain during the week to the extent of twelve hundredths of an inch on one day. The thermometer has averaged 82, the highest being 104 ani the lowest 61.

Weatherford, Texas.—Dry weather has prevailed all the week. The thermometer has averaged 82, ranging from 60 to 103.

New Orleans. Louisiana .—It has rained on two days of the week, the precipitation being fifty-three hundredths of an inch. Average thermometer 83.

Shreveport, Louisiana.—We have had a trace of rain on one day during the week. The thermometer has ranged from 6 6 to 97, averaging 83.

Columbus, Mississippi.—We have had rain on three days during the week, the precipitation being sixty five hun­dredths of an inch. The thermometer has averaged 81 ranging from 63 to 105.

Leland, Mississippi.—It has rained on two days of the week to the extent of twenty-three hundredths of an inch. Average thermometer 77-6, highest 92, lowest 58.

Little Rock, Arkansas.—We have had rain on one day of the week, the precipitation being three-hundredths of an inch Average thermometer 82, highest 99 and lowest 63.

Helena, Arkansas.—Cotton is doing well except in some parts of tin's vicinity, where there has been no rain since April. There lias been light rain here on two days during the week, the rainfall reaching thirty-three hundredths of an inch. The thermometer lias averaged 74, the highest being 94 and the lowest 58. 6

Memphis, Tennessee.—The early part of the week was ex- treinely hot, with rain on Sunday, the precipitation reach­ing thirty-nine hundredths of an inch. Moisture has been unevenly distributed, in some sections being excessive whereas in others there has been none. Crops are pro­gressing well where rains were sufficient. The tliermom eter has ranged from 62 5 to 97, averaging 79'2.

Nashville, Tennessee.—Telegram, not received’., . 1 -Alabama.—Reports from most sections indicatethat the crop is improving. We have had good rains on four days in the early part of the week, the rainfall being three inches and seventy-one hundredths. Average ther­mometer 80, highest 92, lowest 65.

Montgomery, Alabama.—There has been rain on two days of the week, the precipitation reaching eighty-two hun­dredths of an inch. The thermometer has averaged 84, the highest being 91 and the lowest 71.f r n h ~ ? ott° n , continues to improve and is fruitmg well. Rain has fallen on two days, to the extent of two inches and sixty-two hundredths. The thermometer has averaged 1 6 , ranging from 63 to 96.

Madison, Florida.—The week’s rainfall has been four inches and thirty-five hundredths, on four days. The ther­mometer has ranged from 6 6 to 9 4 , averaging 78.

Savannah, Georgia.—There has been rakTon five days of the week, to the extent of two inches and forty-three hun­

dredths. The thermometer has averaged 80, the highest being 92 and the lowest 67.

Augusta, Georgia.—We have had rain on three days of the week, the precipitation being ninety-one hundredths of an inch. The thermometer has averaged 78, ranging from 62 to 91.

Charleston, South Carolina.—We have had rain on five days of the week, the rainfall reaching two inches and forty-five hundredths. Average thermometer 80, highest 8 8 and lowest 71.

Stateburg, South Carolina.—Crops are flourishing, but some fields are grassy. We have had rain on four days of the week, the rainfall being one inch and ninety-six hun- dreths of an inch. The thermometer has averaged 76-5, ranging from 64 to 87.

Greenwood, South Carolina.—It has rained on one day of the week, the precipitation reaching one inch and twenty- three hundredths. The thermometer has ranged from 67 to 8 8 ,averaging 77.

Wilson, North Carolina.—We have had rain on two days of the week, the rainfall reaching three inches and twenty- two hundredths. Average thermometer 80, highest 90, low­est 6 6 .

The folio wing statement we have also received by telegraph, showing the height of the rivers at the points named at 8 o’clock July 15, 1897, and July 16, 1896.

July 15, ’97. July 16, ’96.

New Orleans.......Feet.

6-6Feet.

5*8vlemphls............. 15-7 14-8Nashville............. 4-2 15 78hreveport.......... 3 9 0 0Vicksburg............ 22-8 21*7

J ute B utts, B a g g in g , Ac.—Jute bagging has bpen in fairly good demand during the week under review at un­changed prices. The quotations this evening are oj^c. for

lbs., 5%c. for 2 lbs, and 6 %c. for standard grades. Car­load lots of standard brands are quoted at oj^c. for 1% lbs., 5%c. for 2 lbs. and 6 %c. for 2J lbs. f. o. b. at New York. Jure butts continue in fair demand at l'02c. for paperquality, 1 25c. for mixing and l%o. for bagging, all to arrive.

In d ia Cotton Movem en t F rom a l l P o r ts .—The receipts and shipments of cotton at Bombay have been as follows for the week and year, bringing the figures down to July 15.

BOMBAY BECBIPTS AND SHIPMENTS FOB FOUB TEAKS.Shipments this iceek. Shipments since Sept. 1. Receipts.

Year GreatBriVn.

Conti­nent. Total. Great

BritainConti­nent. Total. This

Week.Since

Sept. 1.96-7

’95-694-593-4 i ’ ooo

4,000 4,000

i ’ ooo

30.00071.00026.000 47,000

535.000708.000509.000744.000

565.000779.000535.000791.000

13.00012.000 10,000 14,000

1.556.0002.095.0001.481.0001.759.000

Shipments for the week. Shipments since Sept. 1.Great

Britain.Conti­nent. Total. Great

Britain. Continent. Total.

Calcutta—1896-97... , 3,000 3,000 6,000 69,000 75,0001895-96... ___ 4,000 4,000 11,000 81,000 92,000

Madras—1896-97... 8,000 16,000 24,0001895-96... 10,000 9,000 19,000

All others—1896-97... 3,000 8,000 11,000 28,000 108,000 136,0001895-96... 3,000 3,000 19,000 90,000 109,000

Total all— 235,0001896-97... 3,000 11,000 14,000 42,000 193,0001895-96... 7,000 7,000 40,000 180,000 220,000

EXPORTS TO EUROPE FROM AL INDIA.

Shipments to all Europe

from—

1896-97. 1895-96 1894-95.This

week.Since

Sept. 1.Thisweek.

Sine Sept, l

Thisweek.

Since Sept. 1.

Bombay.........All other ports

4,00014,000

565.000235.000 7,000

779.000220.000 4,000

535.000158.000

Total....... 18,000 800,000 7,000 999,000 4,000 693,000A le x a n d r ia R eceipts an d Sh ipm en ts .— Through arrange*

ments we have made with Messrs. Davies, Benachi & Co., o f Liverpool and Alexandria, we now receive a weekly cable c f the movements of cotton at Alexandria, Egypt. The following are the receipts and shipments for the past week and for the corresponding week of the previous two years.

Alexandria, Egypt, July 14. 1896-97. 1895-96. 1894-95.

Receipts (oantars*)__This week........ „ .....SlnoeSept. 1...........

2,0005,784,000 5,205,000 4,538,000

Thisweek.

Since Sept. 1.

Thisweek.

Since Sept. 1.

Thisweek.

Since Sept. 1.

Exports (bales)—To Liverpool. . . . . . .To Continent!.........

oo

oo

oo 328.000

381.0001,0002,000

331.000328.000

2,0004,000

272.000343.000

Total Europe....... 8,000 709,000 3,000 659,000 6,000 615,000* A cantar is 98 pounds.t OI which to America in 1896-97, 48,941 bales; in 1895-96,58,251

bales; In 1891-95. 43,260 bales.This statement shows that the receipts for the week ending

July 14 were 2,00C can tars and the shipments to all Europe 8 ,0 0 0 bales.

Jcly 17, 18V7.J THE CHRONICLE 117Manchester Ma r k e t ,— O ur report rece iv ed b y ca b le

to-n ight from M anchester states that the m arket is 'flrm for both y a m s and shirtings, ia consequence o f L iverpool news. W e give the prices for to-day below and leave those fo r previous weeks o f this and last year fo r com parison .

1897. 1896.

32s Cop, Twist.

S% to*. Shirt­ing*, common

to finest.

CotrnMid.Vptds

82* Oop. ■Twist.

8% 16*. Shirt­ings, common

lo finest.Ootl’nMid.Vpld.

J'e 11 “ 18 « 25

July 2 - 9 “ 16

d, a.8 :9 87*1. BH »7% 05tg ®7% 6*8 975g 6% 157% 6% 97%

«. d. * . 4 .4 0>a«e 6%4 1 96 7 4 1%98 7 4 1«9»6 7 3 4 11*96 7%4 2 96 7L,

d.*6S,4%4%

4«32

a, a. eq, ®7H 6% 97%2SSA

». a. s. a.4 4 96 8h 4 4 3 6 S a 4 4 9 6 3*9 4 4 38 8% 4 4 36 S*a 4 3 96 7

a,32*3231*18

4327ss

S ea Isla n d Cotton Movem en t .— W e have received this Friday) even ing by telegraph from the various ports the

details o f the 3ea Island cotton m ovem ent for the w eek. The receipts fo r the w eek ending to-n ight (July 1®) and since Sept. 1 ,1898, the stocks to-n ight, and the sam e item s for the corresponding periods o f 1893-96, are as fo llow s.

Receipts to July 10.1896-97. 1895-96. Slock

fAi*week.

Since Sept. 1.

TAt*week.

SinceSept. 1. 1897. 1896

8»ranisali........................Oharleston, 4<J................Horlfia. &e........... ..........

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

7 83,87110,397

8,7336 77,186; 7,202, 2.357

10.556 1,027 540 4,783! 200, 432

7 101,001 6 92,5251 8.429; 3.338The exports for the w eek ending this even ing reach a tota l

o f 242 bales, o f w hich 341 bales were to Great Britain, 1 to France and — to B eval, and the am ount forw arded to Northern m ills has been — bales. B elow are the exports for the week and since Septem ber 1 in 1896-97 and 1895-96,

Reportsfrom—

*________ __

Wux finding July 16. Since Sept. 1,1896. IfortA'n MU t.Sr eat

Rrit’n.fir'ru*

fit. Total. Or tat Fr‘ nee Bril’ *, eke. Total. Week. Ant

Sept.:»*<rtuia'lx, Ac Charifn.Ac fftoxMm, &«. New York..Boston.......PbU».. Ac...

Total.......

22714

.......i14

15,029 3,176 2,938;

1 i'.-VJ-i 7,30513,840............3.B27 102- ........! ...

18,2042,993

18,95413.9403.929 : : : : : :

29,0032,1580,733

373*84241 1 242 47*21*7? 10,@43 57,860Total 1895-0 . . . . . . ........ 42,260 7,242 49,502 540,070

a cuumuerame portion or m e ssea island co tton shipped to foreign porta goes via New Y ork , and som e sm all am ounts via Boston and Baltim ore. Instead o f in clu d in g th is cotton for the w eek in w hich it leaves the Southern out port*, we follow the same plan as So ou r regu lar table o f in clud ing it when actually exported from New Y ork , &<„*. T he details o f th* ahtpments o f Sea Island cotton for the w eek w ill be found underth© head “ Shipping N ew s,” on a subsequent page,

Quotations Ju ly 16 at Savannah, for F loridas, com m on , 8c,; medium fine, 10c.; choice*. 13Js£c,

Charleston, Carolina*, m edium ' fine. llffllT c .: fine, 18c.: fu lly fine, 19<820c ; extra fine. 2*<§3Jc,

T ub AosaccLTTRAL Departm ent ’ s J p l y Report . - T he follow ing statement show ing the condition o f cotton was is- tned by the Departm ent o f A griculture J u ly 10:. The Jaly return* far -prion to the Department of Acrteattere loffl- tn m u a f I f ?.$* *,J0> ** ■ omparrd with 83-5 S» Juos. a;.

m WJWMW twB-tiUon July 1, i| S § w,,» 92 a. The averages at the Btete* ere a* follow*: vtrxloia, 57*. North Caro-

S»; <J*or/rt», 84: Florida. 8to Alabama, 05;Te*as, 88; Arkansas, Mb T«e»v>iee, 80: MUsoori, 94: O i ahoma, 81; Mlwlwlpti!, 61, atil Indian Territory, 93.

The June and Ju ly averages, com pared with the June and July figures o f previous years, are as follow s :

Statu.

Tlf glaSm Ho* OmpoUsmi Bo. CsrotiuftBmrmm____FloridaJkX&h9m&,MimimlppU.Terns,.. . . . . i Atk mmm .. I

. . :Mkeoarl. , j Oklahoma ..! Iad t o Ter.. ;

i4 if

W;I 93

Aversigf:

: 1896. 1895. 1891. 1893. 1092.( i 3 i ; » i 3k S' a* 5 a*! 3 3 s e e a £ a a! -* *3 s Hf 91 87 67* (00 07 37 95 93 79 85: m too 61 74 81 fit 83 HI m 91I 97 98 72 94 83; 08 88 83 01 91i ®5 94 92 99 76, 7h s : #6 87 881 90 5*2 93 92' 93 08 96 89 86103 98 95 33 89 H7 82 80 91 90! 104 10t< 88 SB 91 80 #6 80 91 8594 100 8 5, 77 95 94 07 84 82 8492 30 7»| 76 94 99 S2 84 SI 87i 102 100 89! 93, 97! 97 so 80 75 77; US 107 87 92 78 73 92 85 90 870* 90 89. . . . 86 81

*■ 92 70 . . . . 100 96

97*2 92*5;0i-oS02*3,f8*3'39-6 85*6 82*7 <5*9 GO «b

The average given above tor all the States is the average as given by the Department.

B x ct lanubm. — The fo llow in g exchanges have been made during the w eek:*36 pd. to exeh. 2,000 Oet for Ante.■39 pd. to exch, 1 .SCO Mot. tor Ane.*34 pd. toexeh. 2,00® Dec. for An*?,•IPPd. to ext;ft, l.iOugept.for Ane.*t7 pd, to oxr-11 soft Or!, for Sept.*0f pd. toexefi. 900 Dee, for Job.*1S pd. to cxeli. 1,800 Nov.for Mch.

*38 pd, to exch. 100 Die. for Aug. 01 pd. to At oh. 100 Dec. for Dot.*1B pd. to exoli. 400 Nor. for Sent. *lf» pd. to exoh. BOO net. tor Mob. •35 pd, to oxtsb, too Dec for Auk, •02 pd, to «xcb. 100 Oct. for Jan.

G overnment W e e k l y Cotton R epo rt .— Mr. W , L, Moore, Chief of the Weather Bureau of the Agricultural Department, made public on Tuesday the following telegraphic reports on the crop in the Southern States for the w eek ending July 12 :

Virginia. - T oo dry in tidewater counties, but in middle and west era ajraot-.es oeotuonal showers and warm weather have been very beneficial to all crops, which have improved. *v

North Carolina.—Very favorable, warm week, with beneficial local miss anu abundant suiishlne, but drought continues over portions of seventeen Counties; cotton fruiting wail, promises Hus 0r0p”

SOI TII Carolina,—Normal temperature, with -requeue but uuevenlY distributed showers, leavmr small areas needinr rain; marked im­provement la o rn; cotton grew rapidly and fruited heavily fields somewhat grassy, but no harm done as yet, condition very promising I

Gkosgia —showers general, except in a few southwestern counties1 and more seasonable temperature; crops improving; eottou making go* d growth and frnuiag well. *

Florida.—Week favorable over large section of we tern and north­ern distn- M ami gvn. ro <y so through counties of central and south­ern districts; cotton improved,

ALABAMA.—Very favorable week; temperature about normal, and rains general, covering sections when- most needed; cotton improved decidedly, is well fruited and growing rapidly. F

M m tsstm —Generous showers latter part of week benefited all erops over the greater portion of State; cotton is fruiting well and with U*<- frost average crop Is promised to many sections,

UnusiAN**.—week generally favorable for crop growth, the hot snn- a lne ami showers favoring cane greatly; portions of Southwest and North Louisiana need more rain for rice, cotton, and late corn; cotton fruiting well.

Texas— Local showers hut not sufficient for crops; cotton standing drought fairly well, continues grow n . aud fruiting generally, except In scattered localities the plant Is shedding leaves and forms, luxe the crop needs rain generally; picking has commenced in southwest por­tion.

ARKANSAS.-Very hot sunshine and insufficient moisture have been Injurious to ah erops; corn has miff-rod greatly, onion slightly, but is nearing a criitoa! -luge when rain is absolutely neoessary; cotton olWMuitig at to>* top ami some complaint of shedding; a general soak­ing ruin oeedo.1 for everything. ~

rxHNEsaBK.—Kxocpt in writers section and portions of middle sec- tloo. where drought conttane* tartan*. good showers have greatly im- proveil conditions, but high b-mperainre damaged vouug crops, ex­cept cotton, which, though small. Is healthy.

MiMiu isi— In central and northern »eeq«u8 uffietent moisture for presold needs and high tempoattire oiuse l all crops to make rapid growth, bm tu southern counties corn, cotton, gardens, p ,trues aud pastures »re suffering tor rain.

Oki.a non v— Droughty conditions prevail, broken only by light local shower* over small area* Saturday nigh!; ootton doing finely; other crops at a AtaadsttU.

These reports are .summarized a« follow * :Over th- ceatrai am! eastern portions of tin* ootton belt them has

hern a general Improvement hi tic* condition of cotton. In Missouri. Arkansas and Texas, however. !h« crop is suffering from drought. In 1 *?,**. * « “ •■* #**•»#* h 19 begun, it 1# witfatomHae the dr.uglit fairly wall, but in Arkaoiiis It Is reselling a critical stage, and unless rata toil* soon the crop In that St,,!.- will be short.

Sta te W eek ly Cotton R eports.— W e give below sum m a­ries o f the reports for the week ending Ju ly 12 issued b y the various State* under the auspices o f the W eather Bureau o f the United State** Department o f A griculture so far as they apply to cotton,

of th© mrrmmviMnU o f the Virginia Oil mat© aryl « r-4* ^ rv im for lim p A*t week In lleato ftcavoltr of rata over the tidewater zmmU'*. mid mmmv'mn- poor crop growth, and oeoasional ■wit to m w s #.fc«wer« In the middle and v&U*/ counties, causing an im ia crop conditions,

Nauru ijARousA,—The weather during the week has generally laronihle for the growth of crops Over portions of 17 out

f* m eoithtSes of the State drought hat ecmtimied. seriously Injur­ing crept, hut over the remainder of the State local rains wore fro- qumit, with plenty of and warm, hat not excessively hot,wcai her, « otlon has ten proved remarkabiy ; some tieida are whit© with, bloom* ; it H boiling wetL

8us.'th' fTsaoi*ii»a.—Cotton oontinnes to improve in moat sections. It miide rapid growth and fruited ho ivfly during the week, Half-grown hoilft ».rc aomerott# m the eastern coaatie«. E1«UU arc beginning to show ap grassy la p aces and some will be laid by In &ml condition*

out on ha* atf** «dy b on laid by. The conditi *rs of the plant ia verj promts tog over the entire State, and ia portions of Orang burg «4 hoe as ever seen. Bm Island cotton U growing vigorously, fruiting heavily, and no adverse conditions whatever not »d.

A la h he week was a most favorable on© over the greaterportion of Alabama. The heat was not so excessive as during the pro* Cd ung wririk, and showers were q»l © general over the entire state, being fe lt in 8«m« local ties where the drouth had been so prolonged, altuongb.there arc still a few bc Uterod portions of the central and western where the drouth remains unbroken, Ootton con-

clean and headhy and is fruiting well,Okokoia.—While fhe prevalent weather conditions over the State

nut:!Jig the past weak have, been favorable to growing crops, there arc qnffe a number or sections where no rain has fallen and crops are suf* feritig from riroughb Cotton has improved where rain has fallen and Is now doing well. In a few sections there are com plaints of llo© on the cotton and some la aheddfng, but m a rule, though the plant is*. smaiu It Is doing nicely and fruiting, With good seasonable rains the crop» will comimte to Improve and cotton will soon catch up.

r r.owoA,--Week favorable over large section of western ana northern districts, and generally*© through counties of central and southern districts. Cotton late.

Mississippi' For the week the temperature was above the normal, Shu the rainfall wm about the average in the central portion of the mate. Hen metis showers the latter part of the week benefited all eropa over tlh- fireater portion of the State, bat too late In some sec­tions to Improve corn and gardens. Cotton is fruiting well, and an average crop will oe made in man) sections with a late frost.

LAUthiANA.—Crop© show a general improvement where visited by shower# .and sti ee this are* embraces tb© greater portion of the State, nw week tusy be considered to have been more favorable than other­wise to ©rap growth. Cotton oontttiuvs sonaewhat backward, but ia

• Jroiting well. There is only one complaint of sheddlug and square flies, Th crop on lands that wore overflowed ta doing well, aed prom­ises to make a good crop.

Texas. - T he light #catb-red shower# were beneficial where tbev oc­curred tmt a general rain ia needed throughout the agricultural por­tions of the Sutf'. Cotton has not been materially injured by the dry weather yet, but it is a consensus of opinion among the correspond­ents that rain would b© of great benefit to the crop. The plant con- ^jbues growing and fruiting nicely, but early cotron has commenced sheading Ymrm, bolls and squares in many sections, and the crop will soon suffer if dry weather continues. Late cotton is doing fairly well considering the dry weather, but is beginning to-need rain badly In some localities, some Cotton picked during the week over Bourn

118 THE CHRONICLE, rvcwu. l x v .

■west Texas, and many report bolls opening nicely over the southern portion of the 8tite, while the plant is blooming well over Jjortti Tex*,. A ceueral rain is needed for the crop,

ABK»NSA8.—Th rainfall was In the fonu of liitlit local showers very unevenly distributed, some localities receiving an exoessof rain, while in others no rain fell. This deficient rainfall with bright sunshiny days and very high temperature have been detrimental to all crops. Co ton b»s held It s own Talrly well, bm Is now beiUoning to show toe eflVota « f Insufficientmoisture and abundant high temperature. The plant is blooming at the top and tbe>e Is some complaint of shedding.

TennksskB.—Good looal showers fell throughont the greater portion of the eastern and middle sections, and where they felt, greatly im­proved the condition of the young and growl g crops. In the western section light scattered showers are reported—not stifli lent to arrest the rapid decline In conditions, and in that section the prospects are anything but Muttering for growing orops. Cotton alone has. thus far, held Its own under adverse "conditions, but even this orop is beginning to show the effects of the severe drouth lu some plao«s by shsddiug forms. The crop has been well cultivated, and a good rain is only needed to restore tile crop to a healthy oondltion fgrowth Whore rains have fallen elsewherein the State a murked improvement In all growing crops is noted.MissonRt.—The past week, up to Saturday evening, was extremelv waim In all sections, and over a considerable portion of the State there was an almost total absence of rainfall. Cotton is doing Well hut needs rain.Oklahoma and Indian Territory.—The weather continued gener­al y hot and dry until Saturday, when the wind changed to thsnerth, bringing milch oooler weather and looal showers. With the exception of the Western sections, where comparatively heavy rains occurred during the (Irat of the week, droittliy conditions generally prevailed. Colton is making a fine growth, showing improvement daily.

Domestic blsports of Cotton Manufactures .— W e give below a statement showing the exports of domestic cotton manufactures for May and for the eleven months ended May 31, 1S97, and for purposes of comparison like figures for the corresponding periods of the previous year are al-ti presented:

<*i*f * t itie so f Manufactures o f Cot­ton (colored and uncolored)

exported to—U nited K ingdom .......................yard*Germany .....................................France...........................................Other countries in E urope—British N orth A m erica ...........M exico ..........................................Central Am erican States and

British H onduras..................Cuba.............................................Puerto R ico ............ ......... ........Ban to D om ingo..........................Other West indies...................Argentine R epublic..................Brazil ...........................................United States o f C olom bia ... Other countries in S. Am erica■China................................. .......Brit. Posses’ nsin AustralasiaBritish East Indies..................Other countries m Asia and

O oeanica...................................A frloa ........................................

C th er countries..........................

Total yards of above.. Total values of above.,

Value per yard.............. ,Values o f other M anufactures oj

Cotton exported to—United K ingdom .................: . .G erm any......................................F ran ce .........................................Other countries in E u rop e ...British N orth A m erica .........M exico ......................................... ...........Central Am erican States & British

H onduras...........................................O uba.........................................................Puerto R ico ...........................................dan to D om ingo....................................Other W est Ladies................ . ..Argentine R epublic...........................Brazil.................... ..............................United 8tates o f Colom bia..............Other countries in So. A m erica___China........................................................British Australasia.............................British East In d ie s .........................Other countries In Asia and

O oeanica......................................... .A flic a ......... .........................................Other cou n tries..................................

I Otal value o f other m anufaotures o f ...........................................

Aggregate value o f all ootton goods

Month ending May 3 1.

1897. 1890.

61*2.442 550,37970.311 43,200

423.63677,8 <4 45,285

1,631,116 2,065,527705,005 909,060

614,395 092,87827,310 0.500

3,616 51,54069.692 145,062

809,141 869,20033,722 132,926

022,286 890,5+1545.338 689,9 2

1,^10,555 2,362,09628,298.050 8.727.M6

53,811816,433 31,240

899,550 011,2253,101,604 1,788,98 »

14.760 796,56341,117.4’ 5 21.7 0'.331$2,053,32u $1,222,309

$•0499 $'0561

$43,603 $29,00427 485 7,154

2,21 J 7264.25 i 10,621

133.009 135,0 '924,52o 24,58117,234 11,5052,118 3,053

54 341,960 2.4 84.421 7,9131,107 4,7274,847 0,1024,576 3.7422,647 6.2231.59+ 30.305

13 9-1 5,598113 721

35,413 27,83312.72- 1.053

830 2,123

$338,510 $320,290$2,391,830 $1,542,079

1177103.ending May* 1.1896-97.

10.258,2131,571,545

025.3*6651,864

28,flr.5,»;445,171,777

10,045 577 279,113 107.298

1.722,313 12.605.806 3,1»3.*11 7,646.372 6,123,060

24.836,607 1 2 ;,7 42,199 584.633

3,513,14329,572.19914,242,077

68,701

1895-96

$ 0556

$443,210 202 948

9,760 46,200

1,2 <8,745 323,260215,53640,657

4,48429,96476,15757,40564,69+47,13548,09811.21=

168,3263,615

.341,19783.17 910,376

$3,444,143

European Cotton Consumption to J u l y 1.—W e have teceived to-day (Friday) by cable Mr. Ellison’s figures brought down to July 1. We have also received the revised totals for last year and give them for comparis >a. The spinners’ takings in actual bales and pounds have been as follo ws:

October 1 to July 1. Great Britain Continent. Total.F o r 1898-97 .

Takings by spinners... bales Average weight of bales.lbs Takings In pounds..............

2,614,000500

1,307.000,0 >0

3,697, >oo 479

6,311,0 '• •87-7

3,077,863.001F o r 1 8 95-96 .

Takings by spinners...bales Average weight of bales.lbs. Takings In pounds................

2,621,000498

1,305,447,000

3.364,00"475

1,597,900,000

5,959 0 485 2

2,903.347,0 -0

. A-Ccordinr to the above, the average weight of the delivers s mOre+t Britain is 500 pounds per hale this - easo i, against 498 pounds during tin same time last season Tuo J j mu* • ti deliveries averu<e 47 ) pom l», against 17 > p + in L t.-n ysir, aud for the whole of Eurooe the deliveries average 487*7 pounis per bale against 485*3 pounds last seasou. Our dispatch also gives tne full movement for this year an l la+t year in bales of 500 pounds.

Oct. 1 to July 1. Rales of 500 lbs. eaeh,

000s omitted.

1896-97. 1895-96.Great

BritainConti­nent. Total. Great

BritainContinen1 Toll

Ipinners’ etook Got. 1 24, 277. 301. 67 535 602'akinics to July ] ...... 2,814 3,542 6,156 2,611 3,196 5,807,tnpply........................ 2.638. 3,819 6,157 2,678 3,731 6.409.’onRuiiipt’DjSS weeks 2,475 3,198, 5,673 2,496 3,112 5.606,

t pinners' stock July I 163, 621, 734 182 619, 801,Weekly Consumption,

00* omittedIn October............. 64,0 82,o 146,0 6 4,0 79,0 143,0In November.......... 64,0 82 0 146, » 64,0 79,0 143 0Cn December_____ 64,0 82,0 146,0 64,0 79,d) 143,0In January___„___ 64,0 82,0 146,0 64,0 79,0 143,0In February........... 64.0 82 0 146,0 64,0 80, 141,0In March ............... 64,0 82,0 146,0 64,0 80,1 144,0In April................... 64,0 82,0 146,0 61,0 80,0 144.0In May..................... 64,0 82,0 146,0 6 4,0 81,0 115,0In .Tune................... *64,0 82,0 146.0 61.0 8 l.'i 14r*,0

6,885 671 1,953,937

154 958 1,187,289

17.143 d50 6,716,961

10,794,445 217,324 446,772

1,952,514 12,176,524

2,824.586 11,530,873 6,668.135

25 621.196 57,415,319

732,655 2,171,4364,904,637

13.545,493 7,83 .',*95

289,415,3 vr 191,912,018$16, 98 39a $11,175,048

'582

$313,711 155.783

16 488 51,646

1,635,0 U 295,093169.099 34.6 <4 5.376 8,363

82,107 36,096 65,255 29 430 51.943

165,5 2 107,913

4,381250,013 43 933 14,093

* Aver go weekly consumption is as given oy 4r. Ellison; deduction from month’s total being made on account of holidays.

Sh ippin g Ne w s .— T he exports o f co tton from the U nited States the past w eek, as per latest m ail returns, have reach* d 13.381 bales. So far as the Southern ports are concerned these are the same exports reported by telegraph and published in the Ch r o n icle last Friday. W ith regard to New Y ork we include tne m anifests o f all vessels cleared up to Thursday.

Total bales.New York—To Liverpool, per steamer Georgio, 332 up’and

and 50 S^a Island............ ........ ......................................... 382To Hull, per s 'earner Ohio, 943 ........ - ..................................... 943To Manchester, per steamer Moz+rt, 59 upland and 177 Sea

Island.................. ........................................ ....................... 236To Havre, per steamer La Bretigne, 237 upland an i 1 Sea

Island ................... ....................... ................... ................... 288To Bremen, per steamers Frlederick der Grosse, 1,169....

8aale, l ................ ....... ....... . . . ....................................... 1,170To H unburg, per steamer Prussia, 43 .................................... 48To Autwerp, per steamer Southwark:, 200 ............................. 200To Genoa, per steamers Fulda, 337 ...Oregon, 1,537.......... 1,874To Japan, per steamer Lady Furness, 700.......... ............ 700

New OBLQANb—To Liverpool, persream«is Co*ta Rioan, 2,170Navigator, 763 . .. Canapioau, 1,489 .............................. 4,422

To Bremen, per steamer Africa. 1,633 .................................... 1,633To Hamburg', per wteamer B )livia. 383.................................... 388

Baltimore— To Liverpool, per steamer Vedamore, 3 .................. 3To Bremen, per steamer Aachen, 335....................................... 835

Philadelphia—To Liverpool, per steamer Pennlaud, 259 ....... 259Total ........ .................. ............................... ........... ..................... 13,381L'he particulars o f these shipm ents, arranged in our usual

form , are as follow s.Hull dc Bremen

Liver- Man- <£ Mam- Ant-p'>ol. cheater. Havre, bmg. wtrp Genoa. Japan. Tota .

New York. 38 2 1,179 288 1,218 200 1,874 700 5,841N. Orleans. 4,42 2 ...................... 2,021 6,443Baltimore.. 3 ......... 835 838Phtladel’a.. 259 ........ ..................... ........ .................... 259

Total.... 5.08S 1 179 238 4,074 200 1,874 700 13.381Below we a id the clearances this week o f vessels carry in g

cotton from U nited States ports, bringing our data dow n to the latest dates:Galveston—To Hamburg-July 15-Steamer Polaria. 1.360.New Orleans i*o Liverpool—Jul7 14-Sceainer Legislator, 2,100__

July 15—Steame'Travell <r. 1, «Od.To BarOril m a -July 15—Steamer J Jover Serr.a, 1,301.

Norfolk — L’o Hamburg—July 15—Steamer Glenvecli, 101.Boston—To Ldverco d — July 6— Steamer Armenian, 453 upland and

78 Sea rsland....July 12-Steamer Oauibrom.au. 7.B iLTiaiOBE— To Live po >l— luly 14 — sceaine Ikoal, 12.

To Bremen—July 15 -Steamer Dresden, 1,80b.Philadelphia To Liverpool—July 9 —Steamer Bsigenland, 124.

Cotton freights at N ew Y ork the past w eek have beey as follow s.

$3,568 501 $14,741,609

Satur. Mon. Tues. Wednes Thun. f rLiverpool, asked. d. 12t 12t 121 12t 121 12tHavre................ 211 21t 2 lt 211 211 211Bremen............. 21t 211 211 211 21* 21tHamburg.......... 241 24t 241 241 241 24tAmsterdam....... 251 251 251 25- 251 25tBeval, v. Harnb .d. 381 38 i 381 38T 381 381

Do v. Hull.. ,d. 33t 33t 33t 331 33t 33iBarcelona......... .d. . .. . . ...Genoa............... .d. 221 221 22t 221 221 221Trieste............... 28®30t 28&30f 28®30t 28®30t 28 3*301 28®30tAntwerp........... .d. % % *8 *8Ghent, v.Antw’p.d. 532 5 89 532 582 5*r, 5 S3

* Cents net per 100 lbs.LiYERPOOL.^-By cab le from L iv erp oo l w e have the fo llow ­

in g statem ent o f the w eek ’s sales, stock s, & c., at that port.

i June 25.Sales of tlie week..........bales.

Of which exporters took ... Of which speculators took.

Sales American.......................Actual export..........................Forwarded...............................Total stock—Estimated..........

Of which American—Estin’dTotal import of the week.__

Of which American.............Amount afloat.........................

Of which American.............

49.000 6,000

40044.000

6,00051.000

1,000,000“851,000

22.00013.00037.00025.000

July 2. July 9. J uly 16.66,000 62,000 55,000

8,300 2,200 4,4 00800 900 1,000

58,000 54,000 48,00017,000 15,000 12,00057,000 5s,000 58,000

941,000 886.000 83 ',000810.000 757,000 705.000

18,000 15,000 16,00011,000 7,000 6,00032,000 24,000 18,00020,000 15,000 12,000

Jcly 17, 1887.] THE CHRONICLE. 119The tone o f the L iverpool m arket fo r spots and fu tu re s

each d a y o f the w eek en d in g J u ly IB and the daily c lo s in gTini'flC A# arvr’tt- AAff An Un tm T i.,£ ? .- .T T

Spot Sat'dai/. i Mmtlay.:Tuesday. Wed'day.

. -Thund-y Friday.

Market, ( ; in tnyera': Moderate 1:40 P. M. v faror. demand. Moderatedemand. Haxdea' . Harden's . teadenej. ^ ad y .Mid. Upi’tls. d93* d3DSales........... 7,000 8.000Spec. & exp. SCO | soo

s.ooo1,000

10,0001,000

8,000500

8,0001,000

Futures.( j iQ «V. M.S cilne. deeiine. Stead? Steady at S-'H ad­

vance.Steady a!e m steaur-

Market, \ Qni«t but _4. r. x . \: Ateady. Msy- Quiet. Quiet. Quiet.

*•*«* ju w a ui iu im i-5 <u. ijiverpooi ror eacu nay are given below . P rices are on the basis o f U plands, L ow M iddling clause, unless otherw ise stated._ y3P, price* are giwen in pence anil 64ths. Thus: 3 63 menu 3 03-6-M,, anti 4 01 means 1 l-64tf.

July 10 to July 18.

Nat. Mot*. : W ed . f <3!rt*ctr$» F r i.12% 1 1:45 4 P.M. P. M. F. M. P. M,

1:45 V. M. 4 1:45 4 ,1:45

T.M. I'.M. I .M. P.W.4

P.M.l:%3! 4 P. M. P. M.

July.............Jnly-Aug.... Aag.-Scpt... WHErOcl. ..Oot.-N'ov___Nov.-Dee___Dee.-Jan__Jam-Feb___Feb.-Mch.... Meh.-April.. April-Slay... May-June...

<1. d. d. d. d. d. d. d. d.4 09 4 10 4 08% 08 4 09 4 09 4 12% 12 4 13 4 07 4 09 4 08% 07 4 0% 4 08 4 11% 11 i 12 4 04% 05% 04 4 03 4 04% 04% 07 4 07% 09 3 #2 3 63 3 81 3 61 3 01 3 01 1 01 4 01% 03 3 58 3 59 3 58-3 55.3 68.3 56'3 59:3 60 3 81 3 85S3 56-3 94:3 53 3 54-3 53'3 5713 67,3 59 3 54 3 53 3 52 3 51 3 52 3 52 3 55 3 56 3 57 3 54.3 55:3 52>3 51 3 52 '3 52i3 55 3 56 3 57 3 58;3 55 3 53 3 52 3 53 3 52 i3 50 3 57 3 38 3 55 3 5«;3 54 3 52 3 53 3 53:3 56 3 57 3 59 3 37 3 57 3 54 3 53.3 54 3 54!3 57 3 59 3 60

d. d. d.4 13 4 13 * 13 4 12 4 12 4 12 4 00 4 09 4 0® 4 02 4 02 4 03 3 61 3 8 1 3 8 2 3 59 3 59 3 39 3 58 3 57 3 57 3 57 3 57 3 57 3 5 8 3 5 9 3 5 8 3 50 3 39 3 59 3 80‘ 3 BO 3 60

B R E A D S T U F F S .F r id a y , July 18, 1887,

Only a lim ife i volum e o f business has been transacted in the market for wheat flour, buyers lim iting their pu rch ase to sm all orders to supply current want®, and the export demand has been alow. The tone o f the market, however, has held Ann in sym pathy with the advance in wheat and at the close m ills w ere holding for higher prices. City mills have bad a limited sale at full values. R ye flour ha* been quiet and offerings have been targe. There ha* been an easy tone to the market. Corn meal has had a slow sale and prices have weakened about 5e. per barrel, closing quiet.

There has been a fair am ount o f activity to the speculative dealings in the market for wheat fu m e s and prices have eoored a considerable advance, ow ing to unfavorable cron account* from abroad At the advance in prices, however, the export business has been less active, as the rise in oostsh, as PV' Pr,cf* above shippers’ limits, Saturday there was sslightly easier turn to the market and price* sh o w e ) frac tional tosses under realizing sales by longs. Monday the market opened easier, re fla tin g weaker foreign advices, but later in the day recovered and closed at a slight ad- ! “ 5 £ t ‘ here was a fairly active and highermarket, fore ign advice* were stronger and were a c­com panied by buying orders; this siimulated buying fcv

«* d dw pde the fact that there were fairly free offerings from the Northwest, prompted by the

f i S ” * * fh ow ed a net advance for theK W ,,dnM ‘U r ,here w« ® further advanc- during early Change m response to foreign advices. Subee-

tpteptl r, how ever, realizing sale*, prom pted by the favorable m ip advices from the W est, caused a reaction, and at the close prices showed a slight decline for the day. Thursday there was a firm and higher market. Crop new* frora ern Europe was unfavorable ; foreign advices were stronger and h nh igbt buying orders, and local operators bought, ?ha

& Z F at * ? of lo t the day. Thel y was active au i prices further advanced

S3 j@ 1?40-oa general buying, stimulated by stronger foreign ^ n C ' ,Th‘‘ "P °t uiRtket has advanc-d with futures, but only* ''f® 1i^ d ^ h lu m e o f business has been transacted at the ad- I™ n / . i . i f cltC , " a8 8! ® wa The sales included No. 1 North­men* UU{h & " :,'34C‘ ’ c n f ' Buffalo, Septem ber-October ship

OAttr c u m m rmtem o r s o , 2 assn w im bu w m ur.

July delivery...............| & W * ' « % 7*& ri “ r'- L rlSeptemberdeltvevr......e. ~n\ tjig ?2>f yl*? -2 SlJjD e ce m b e r d e liv ery -........72 k 7 3 a , 7 4 ^ 7 5 -y, ~ j h

,5,'8lf K3 lhe m arket for Indian com in ' 1 J b*wn m oderately active, Im m ediately fo llow -

'* f ” J 88t reP ° f hf ™’*rk“ t declined under realizing sales by longs, prom pted f y the m ore favorable crop accounts. Siibsequen tly ho we w r, the m arket turned stronger in sym - K i!?y 1 u- Vhe adTarce >n wheat. T -d a y the m arket was , a i J " * her in tm POBsm to foreign advices and a demandi, rf . ^ orU to c<f t r contracte- In th ? *P >* market only a

Umm.i volum e of bu-inesa was transacted during the week,

b,u t,at, the close exporters were good buyers. The sales in ­cluded No. 3 m ixed at 3 lc . in elevator and 82(333^0. f o h afloat; also No. 3 yellow at 84^ o . f, o, b. afloat. ’ *

DAILY CLOSING PRICES OF NO, 2 MIXED CORN,r , , ,, Mon, Tues. Wed. Thurs. FriJuly delivery.................. c. 29% 30% 30% 30% 30 30August delivery.............e. 30% 30% 31 30% 30% 31September delivery....c. 31% 31% 31% 31% 31% 31%

Oats for future delivery have continued duU, and despite the advance m other grains the tone o f the m arket has ruled easy and for the weak prices show a slight decline, due to the favorable crop prospects, w hich have prom pted free offering* from the W est, To-day the m arket was quiet but steady! In the spot m arket a m oderate volum e o f business has been transacted, the m arket closing steady w ith sales o f No. 2 m ixed at 23c, in elevator and N o . 2 white at 25c. in elevator.

BAIMT Closure PRICKS OF NO. 2 MIXED OATS., , . „ Sat. Son, Tues. Wed. Thar*. FriJuly delivery ........ c. 22% 22% 22% 22% 22September delivery......o, 22 22 22% 22 21% 22

R ye and barley have been in fairly good dem and and at stronger prices.

The fo llow ing are closing quotations;

.......$2 25

....... 2 40

....... a 75

....... 3 15

3 95

F.V.1PR.32 853 3 00 ■S3 35 S 3 65 # 3 90 *4 15

7JSC*' S*“ “ » r — . „ “ 130 Brandywine....... i[ft heat flour In sacks sells at prices below those for barrels.]CRAIN

Patent, Winter..... $425 34 50City mills, extras . 4 60 a% ?o P.yeflour,superfine 195 32 35Buckwheat flour............. aCorn meal—

Western, etc....... 150 ®1801 85

v heat— c, c,Spruiii, per bush ......77 »84%Red Winter, No 2 ___70 S78%Red Winter.................. 74 »S2Northern, So l .........8%%384%

'ats—Mixed, per bush.. 21 »2 4WTilte. ................ 2 t% »3»J ,ho. 2 mixed..................22 »23SO. 2 -White---------------25 ®20

Corn, per bush— e. u.Western mixed...........30 ®33No. 2 mixed............... 31 332%Western Yellow......... 31%®34%Western White....’ ” ” 31

Ryg—Western, per bash ....38 State and Jersey ......3 9

Barley—Western........ ,42Feeding.................... 29

®33342*42®45®33

Ex p o r ts o f B r b a d st o f f s , P r o v is io n s . C otton an Petro leu m .—T he exports o f these articles du rin g the m on th of June, and the tw elve m onths, fo r the past three years have been as fo llow s ;

a-sporu tfS«S-#7. isoi-os.Mm a. 8. Sum- JWMvntlw Jum, 1* Month, June. It Month,.Qtta nUtls*,

>OMh,WtnuT...bhlM,

UU.TiSa49,m

| w o n1 lM0t,9S5

e.tm.mLooe.osi

60,300,350 U. 468.210

4.533.0451.072,325

7S.S31.8S8D.0»2,fM7

Wheel... .ha. Oorn...ha»h. 9,9m.4M

Dt.lge.x5e17S.4MAM

10.tWg.W80,578,058

126,371,470 0,350.407S,t7 4.621

US.078.SS0-35,007,758

Tet.ha»h.. 17jH8,m m .su A t' 17.404,501 ■tzs.vn.tl.'. 10.031.025 109.681.S03trainee.

Wh-t* Ooar. Oorn* a u l »7« ............

I4,761.077a.m.715

>us.us.eetts.ees.icu*.WC!.MS

t7,82a. 785 2,466, <m

166,008

%01,062,15137,871.430

*45,061

t7,058.®0 1.783,Ttrr

I08,300,158iMto.ias

0»t» 4 meet.tester...... .

I .ora jaa fio i jm

9,8*1.741f,s*o»«»a

i.*S8.esim jm

13,068.048

77,61030.063

754.909788,887

8r-a«a9.....ProrUlotu «.Ootton....... .P.troI*m,As,

ixm jsmis.add.otB

a.es5,7»s

tS#,:SS9Jt»16E.I7MU»9.7t7,iasei.7ai.etii

i i m ,m14.3HO.1806.311.001

m M 9 sis

01,474,701

8,059,308 l l j 34,867 6.674gI81 4 ,W,e5d

110,807,758160.162,585204,892,377*6.867,911

Tot. ▼ala#. S3,lM.i» 044,40!, Hi OAO0S.su 547.0h1.41S 80,607,362 520.690.03*a'1 hovrta .timentSi «n* y»*r>.

NrtT*.—Allthesbitve flgtire. are based on the monthly prellminarv ^ tS to ta J exportl” o f Statistics, end cover snout 93 per cent

Au r ic c ltd k a l D epartm ent 's Report o s C e r e a l Cro ps J uly 1.—The A gricultural Department issued on the 10th in*t. its report on the cereal crops for the mintb of June, asfollow s:

th," « * » « * * » e* the Department of AgrlouJ turs indicate ths fellawtn* average ccadltlsns:Corn .. . ------------ ------------ 82-gft'lntcr wheat................ . . . . <u-2sprints wheat........ .............yi 2Combined sjrg & w’Vrwheat. 84-9 Oats............ . . . . . . . ----- ------- 1,7-5

Winter rye............................... 95-0Sprlatt rye ............................. 90’0B-*riry ........................ 88*5Tobacco .. ............................. 78-5fri«h potatoes....................... 87-8

M aine.... . . . . «7New H ainp.. *7Vermont...... 93M.reeao’sett* 92 Rhode 1st..,. s« Connecticut. 97 New York... 94 New Jercey.. as PennB’lv'nf*. 95 Delaware ... 98 Maryland.,.. 99 Virginia. . . . ■* N Carolina..8. Carolina.. „ ,Ceoryia....... 98Florida...... 98

909897

Acre- Con Kansas-------K?2 %0

The report on ths acrea*« of ooro. which ri preliminary, show, a de “ft®*'* 7 >,* l " r *® compared with that of last year. This repra-

L of -7 -I t I.U0 *.000 acres. (Uln da. Missouri, Kansas, c******** m iw‘* fawreAnt oorn-ypodiioinif Btalesnh>w an fttere«*M i»crm m , hut ibis is m>rm than offset by the shrink-

In,,u” *‘, u h ,7 K -»"ieky, Tonors-ce and other States. L , ' * ” e“ 'rininp of corn Is only ®2 9. or 9-5 points lower than

are as^roflowj ' C>' r' T le acrta*b a» r-l condition percentages by States* tec- Cm- Acre- Cm-

. i i 'l3f- M ‘n-59 Alabama..... 9,s gu70 Mississippi..Xbl 80 75 Louisiana ...108 1018 0 T e x a s . ........... 1 1 5 10185 Arkansas....101 9680 Tennessee... 97 9074 W. Virginia. 96 8380 Kentucky.... 07 8774 Ohio............ 94 7875 Michigan.,,. 94 80■88 Indiana....... 98 S380 Illinois........ 102 8288 Wisconsin... 97 8088 Minnesota... 89 70«2 lows. ____ 92 7590 Missouri..... 101 92

Nebraska.... lo tH. Dakota.. . S3 N\ Dakota... 90Montana...... »0Wyoming. .. 95 Colorado.... 99New Mexico. 101Utah............. 98ft’aSUlngton. 85Oregon ....... 98California. ..102

827270609596 99 04 90 92 95

Total....98-8 82-9

^!Se't,r17u ° f •'nusrwhe.st. 81% 1,2-7 po)nM bteher than last a t i ’\8 1 a?e'!1 ‘,nlr of hl3t T,,ar* That of Hpriagwiieat.* 91 i , is 16 poiDtw higher thsti last month, bat 2*1 poin ts lower

120 THE CHRONICLE. IV O L . L X V .

than in July of lost year. The arornce condition of Bpriog and winter ^heat oombin ed? 841b I. 1-5 points higher than4ha,. of the' correepond- lng period last year. The percentage of the wheat orop or 18»0 re

^ e ^ e m g e condition of whiter rye.tu July of last year, but that of spring rye, 90*0. is 8 b points tower than it was at that time. . „ .The condition of barley is improving, having advanoed 1 l points daring the mouth and is now slightly better than at this time last year.

The tobacco acreage shows a falling off of over 2a Psresnt as com- pared with last year, and the condition, 78*5, is less by 13 points than^TherMs (Tdoorease in the acreage of Irish potatoes of ® ''^.ajjioom pared with that of last year. This shrinkage Is 8f°en^Nebraska being the only State with any considerable Mrt»*e devoted to*&l» crop that shows an lnorease. In point of condition also the orop>at this time compares unfavorably with that of last year, the figuresbeing 87-8 and 99-0 respectively. __ . . . „ „The wool report iodloates 5-8 pounds as the average weight perfleeoe, as compared with 5*7 laBt year aod 5*6 in 1895. ;

The European agent of the Department reports that the weather during Jnne was generally favorable to growing orops, except in Rus­sia and parts of Germany and Italy, hut, the wheat orop will be below the average in Great Britain, France and Anstrfa-Hungary.

A consular report from Winnipeg, Manitoba, indicates good orops of wheat, oats anil barley on au Increased aoreage in that province.

titles, but no business for next spring of any moment re­corded yet. Flannels and blankets quiet and unaltered.

Domestic Cotton Q-oods— The exports of cotton goods from this port for the week ending July 12 were 1,172 packages, valued at $61,053, their destination being to the points specified in the tables below:

New Y ork to J uly 12.1897. 1896.

Week. Since Jan. 1. Week. Since Jan. 1.Great Britain.. . . . . . . ______ 75 2,883 66 1,373Other European.................. 9 2,110 17 1,871Ohlna . . . . . . ________ . . . . ___ 72,482 975 63,478India................ ..................... 10 3,897 250 3,509Arabia................................ — 15,049 1,695 12,511Africa..................................... 12,242 668 11,112Vest Indies...._________ ... 140 7,752 314 6,690Mexico................................. 109 1,808 29 1,644Oentrai Amerloa................ 338 4,319 106 4,812South Am erica.................. 483 27,751 1,618 26,455Otner Countries.................. 8 2,493 6 2,112

Total..... ....................... 1,172 152,756 5,744 135,567Ohlna, via Vancouver*... 3,050 12,300 3,020 18,570

Total................................ 4,222 165,056 8,764 154,137ACEEAOE AND CONDITION OF COHN ON JUDY 1.

St a t e s .

1897. 1880. 1895. 1894. 1893.

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Iow a........................... 75 7,6*9 04 8,240 105 8.604 100 5,422 98 7,429Illinois. .................... 62 7,16? 98 7,026 92 6,822 99 5.872 92 6,247Iflssouri................... 82 6,612 81 6,547 109 6,613 101 5,273 92 5,670Indiana................... 63 3,660, 111 3,813 95 3,702 90 3,353 90 3,456O h io ........................... 7(1 2.S3S 100 3,017 91 2,840 93 2,737 93 2,710K an sas...................... 80 9,025] 102 8,848 tot 8,420 96 3,732 93 6,547Nebraska................... 82 8.043 103 7,963 05 7,807 96 2,309 94 6,241W isconsin ................. 80 1,010 102 1,051 90 1,041 98 767 95 972M ichigan................... 60 991 100 1,054 90 994 93 938 94 919M in n esota .............. 70 08 j 9f> 1,129 97 1,152 100 1,029 97 887T ex a s ......................... 1C1 3,9(1 ' SO 3.302, 118 4,067 94 3,649 69 3,476Tennessee............... 90 3,032i 00 3.1261 98 3-325 80 3,108 92 2,988K en tu ck y ................. 87 ’A 803 97 2,890 96 3,01-1 90 2,952 90 2,894Pennsylvania.......... 74 1,216} 98 1,312 67 1,299 82 1,273 88 1,273Oth. States & T er’ s. 21,147| 21,610| .. 22,437 20,148 20,227

T ota l .......... 82‘9 IS0,054 92-4 81,027 99V 82,076 95*0 62,582 93*2 72,036P er cent o f inc. or

dec. in acreage.... -1*2 | -1-3 +31*1 - -13*1 -f 2*0t3P Three ciphers (,000) omitted from aoreage figures.

CONDITION OF CROrS JULY 1.1897. 1896. 1895. 1894. 1893. 1832. 1891.

Com................. 924 99*3 950 93*2 81-1 92*8Winter wheat...,...81*2 75*6 65*8 83*9 77*7 89*6 96*2Bpring wheat... 93*3 102*2 63*4 74*1 90'9 94*1Oats................... 96*3 83*1 77*7 88*8 87*2 87*6Rye.................... 83*8 80*7 . 87*0 85'3 92*8 93*9Barley............... ...88*5 88*1 91*9 76*8 88*8 9*2*0 90*9Potatoes......... . ....87*8 99*0 .91*5 92*3 94*8 9(P0 95*3Cotton................ . . .8 6 * 0 92*5 82*3 89*6 82*7 86*9 88*6T obacco......... ...78*5 9*1-5 85*9 81*0 93*0 92*7 91*1

WT F or other tables usually given here see pagei 9Sf

T H E D R Y G O O D S T R A D E .Ne w Y o r k , Fr id a y , P. M., July 16, 1867.

The market for both cotton and woolen goods has Bhown rather more business passing this week than last, but in neither division has there been any development of moment in the merchandising situation. The question of curtailment of production of the more staple lines of cotton goods has, however, assumed a more tangible shape under the announce­ment by such an important concern as Goddard Bros, of Providence, that their mills will be closed Dext week and may be for a longer period. Other Eastern manufacturers are re­ported contemplating a similar movement, while there is in the South a gradual enforced cut-down of output as mills run out of cotton on hand. Even if buyers were willing to place orders for forward deliveries to any extent at current prices, there are few manufacturers willing to commit themselves far ahead under prevailing eondilions, and the outlook is cer­tainly in favor of a firm market on staple lines. In the woolen goods division the few lines of new spring-weights now open show advances over last spring of from 5 to 10 per cent, but the general business is held back by the still uncer­tain disposition of the woolen schedules of the tariff.

W oolen G oods.—Although the majority of new lines of woolen and worsted trouserings and suitings are ready to be shown for next spring, there have been few opened aB yet in either plain or fancy goods, an odd line or two of low-grade serges and of low-priced fancy all wool cheviots and caesimeres practically cover­ing the display up to date. These are, of course, insufficient to give character to the spring situation, but it is not with­out significance that they show advances in quotations of from 5 to 10 per cent over last spring. Reorders for heavy-weights have been on a fair scale in a firm market. The demand for overcoatings has again been disappointing and quiet for cloakings. Satinets are in somewhat better re­quest. Dress goods for fall are reordered in moderate quan-

* From New England mill points direotThe value of the New York exports for the year to date has

been $5,951,764 in 1897 against $6,013,505 in 1896.In heavy-weight brown sheetings and drills business has

been quite moderate, and as before mainly for quick deliv­ery. The tone is steady for spot goods and distinctly firm for goods to be made. Light-weights are firm throughout. Bleached cottons are not selling any more freely, but the under­tone is steadier in face of pending curtailment of production. Wide sheetings are inactive at previous prices. Cotton flan­nels and blankets dull and featureless. Denims have sold fairly at firm prices. Ticks and checks and stripes in indiffer­ent request. Cheviots and plaids in quiet demand. Prices without quotable change. Kid-finished cambrics inactive. Prints, both staple lines and fancies, have ruled quiet and un­altered in prices. Staple ginghams sell moderately. Dress styles dull. Print cloths have ruled firm on the basis of 2^c. for extras, contracts, with a light business doing.

1897. 1896 1895.Stock o f Print Olothi— July 10, July 11. July 13.

At Providence, 64 squares. 478,000 325,000 182,000At Fall River, 64 squares. | 986 000 1,008,000 55,000At Fall River, odd sizes. 655,000 99,000

1894. July 14. 302,0< 0 542,0(0 228,000

Total stock (Dleoes).... 1,464,000 1,988,000 336,000 1,072,000Foreign G oods.— Reorders for fall goods have been mod­

erate throughout; market generally steady. Business for next spring still interfered with by the tariff situation, but transactions in woolen and worsted fabrics occasionally re­ported at advances on last spring.Im p o r ta t io n s a n d W a re h o u se W it h d r a w a ls o f D ry G o o d s .

The importations and warehouse withdrawals of dry gores at this port for the week ending July 15, 1897, and siD < e January 1, 1897, and for the corresponding periods of a t year are as follows:

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July 17, 1897. [ THE CHKOmCLE. 121

State and City D£?mktm£nt.TERMS OF SU BSCRIPTION ,

The Ixtebtubs* S upplem ent w ill be furnished w ithout ev ir a chary? to every annual subscriber o f th e COMMERCIAL a s ® F in an cial C hron icle .

The State and C ity S upplem ent w ill also be furnished without extra charge to every subscriber o f the Ch ro n icle .

The Street Ra il w a y S upplement w ill likew ise: be fu r ­nished without ex.tea charge to every subscriber o f the C h r o n i c l e , ,

The Quotation S upplem ent , issued* m onth ly, w ill also be furnished w ithout extra charge to every subscriber o f the C h ro n icle .

TERMS for the Chron icle w ith the four Supplem ents above nam ed are Ten Dollars w ith in the U nited States and T w elve Dollars in Europe, w h ich in both cases in cludes postage.

T erm s o f A d v ertis in g —(P e r ineh sp a ce .)One t im e ............................ $ 3 5 0 i T h re e M o n th s (1 3 t im e . , ! , . .*23 0 0One Month (4 lime*).. i l 00 Six months (20 times).. -13 00Tiro Month* (Stones),. IS 00 | Twelve Month- (53 times), 58 00

The above term* lor one month uiel upward* are for standing card*.

B o n d P r o p o s a l s a n d N e g o t i a t i o n s th is w e e k h ave b een as fo llo w s .

A lbany . N, t . —Som iu A uthorized.—On Ju ly 18, 1897, the C ity B oard <>t Finance authorized th e iscn&nce o f bonds to the am ount o f iftSS.OWjl divided a» fo llow s :

.14:80,COO o f 4 per cent water botd s , t o be issued aa re­quired ; in ceres t to be payable semi-anrnaUy and the princi­pal to m aiure annually on the 1st day o f May at the rate o f S per cent o f the am ount m u ed.

.$50,009 o f 4 per cent K n ox Street V iaduct h ood ' ; interest to be payable jojBii-ae.ttt.ally in the city o f .Sew York and principal to mature in, from on* to ten years.

135,000 o f A per cen t Beaver Perk bonds ; interest to be pay­able sem i annually in Albany and principal to mature in from one to tw enty yearn*.

A n derson , to d .— Bos*/ Sate.—7 he city o f Anderson has awarded to Cam pbell, W ild & Co., o f Indianapolis, the fo l­low in g bond*: #4,000 o f 5 per cen t funding band*, dated May I . 1807, inyeress payable tHtmi-udoatiy' oa tb*» first days of May end N ovem ber at the Fourth Nation a) Bank o f New Y o rk ami the principal to m ature in 1907; $5,000 o f 5 per cent refunding watt r works bonds, dated Ju ly 1, 1897, internal payable arms annually on the first days o f January and July at the Fourth National Bank o f N ew 18pr k and the principal to mature in 1607.

A rre ra e by-liie S M . N. f . —B ond Sate Legal?—The Appel late Division o f the Suprem e Court has declared legal the #113,000 twite o f h ighw ay and sewer hoods sol i Jun e IS. 1807, to W , B. R Srudb.

Bay Side, X. V.— tom.t Election —The r itir. n* o f Bay Side will on August 9, 1897, vote upon the propose I D .u -o f $3 J,0 K)school-house bond.*,

B eatrice , 'Seh.—T k n d .Vein.—The “ Omaha Bee” o f July 8, 1807, say a: "T h e Northwestern Mutual L 'fe lofurarcw Com ­pany has cwnatnencc'd suit in the Federal Court ag« Inst the c ity o f Beatrice for #6,WU, alleged to be due aa interest on $50,000 o f bond* batted by the c ity to the K<io«a* City A Beatrice Railw ay Com pany, The am ount autd f« r represent# tw o ytara* interest tut the bond#, flic petition filed in the oase ia a n r y bulky docum ent, covering 128 type-written page*, each interest coupon form ing n separate cause at action ."

B ecker C ounty {M inn,} S ch ool D istr ict No. > .-B om d O fferin g .- Proposals will be received until 8 o c lo ck l*. M., July 17, 1897. by L. A lbertson. Clerk o f the District, for the pore liana of i' 1,800 o f 7 per cent, ich ool bond*. The securities w ill he dated August 9, IS'flt; interest will be payable annually and the principal will nunure ligh t yeara from date o f issue, A certified ch eek o f 5 per cent o f the am ount bid for must accom pany each proposal.

B lan che-ter. O h io —Bonds D fm te d .—On July 10, 1897, the citizens o f Blanche* ter voted against the proposed issue o f 14,000 o f reservoir bond*. W e are advised that they will vote again upon this q ix s tloo .

B k on ia b a rg , P a ,— Bands A uthorised .— The citizens of B loom -burg have voted in favor of issuing $15,000 o f lunding bond*.

B oscobel, W i s .—Bond* A uthorized .— The citiz *ns o f the tow n o f B iscobel have voted in favor o f the proposed issue o f $10,OW o f scb:0< l house bonds.

B rookhaTen. Mis*. -Bonds Authorized,—On July 6, 1897, the C h y Council pissed an order for the issuance o f 840,000 o f water works and electricdight bonds. These securities will be issued as the m oney m ay be needed for the proposed im proyerntni*,

B rook ly n . N. ¥,— lo a n P rop osed —The Board o f Aider- men ha* authorized the City Com ptroller to issue $100,000 of water-works im provem ent bond*. It is reported that Com ptroller Palm er says that he will not sanction the pro­posed lot a.

B uffalo, N, Y. -B o n d Sate.— The fo llow ing bids were re­ceived on July 12, 1897, by the c ity o f Buffalo for the $350,- 000 o f 8Jj per cent one-year registered park bonds and the

$13,000 o f 3!^ per cant 30-year registered South Buffalo flood bonds:

Pari: Bonds... .. R. Gavin, Buffalo ............................................................ 100-1887StrflO*, Wykus & Co., -Vow York..... ............................ ..................ESrie County Savinss Ilaafc, Bultak,.................................. lOO'lOOOJos. B. Savin, Buffalo .......................................................100*1 Flood -Bon*.

3-116103-116iotoso101-870

B ta loans were awarded to Jos. E. Gavin.Tem porary L oan .—The city o f Buffalo has awarded to

I he Sinking Fund Commissioners at par the $13,330 o f 3 p> r cent one-year bonds.

C am bridge, M ass.—Bond S a le— The $100,000 of 3M per cent ecbool-bouse bonds w ere awarded July 15, 1897. to Blodget, Merritt & Co. o f Boston at 108186, The fo llow ­ing is a com plete list o f the bids received:

Jas. W. Eongsireet & Co., Bos. 102*435 Geo. A. Fern aid A Co., Boston., 102*420Faridrson & Burr. Boston........ 102*351Jose. Parker & Co.. Boston........102-339

Bitwiset, Merritt & Co., Boston.,103*180a dams & Co.. Boston . ..........103 i : 1Estabrook vt Co.. Boston ...... 10NM15Bowery Saving* Bank. N. V----- l«>2*U«5F arson, Leach & Co.. -V. Y ...... .102-755 Junscom b &

k k W ib & Jemiison, K. Y . ., ,102-240' .. ........................ 102*102

A Sons, Boston,.,.101*779E. I>. Day a; Co., Boston........ .102*059N. W. Harris A Co.. Boston...... 102*230

The loan is issued in form o f registered bonds o f $10,(00 each, dated July 1, 1897; interest is payable semi-annually at the National Bank o f Redem ption o f Boston, and principal will mature tw enty years from date o f issue.

Cam den, N. J .— Bond Neicn.— A report lias been current that the city o f Camden was about to issue $13,000 o f w ater­works bonds, W e have been officially in form ed by Mr, G o. G. Felton, C iiy Treasurer, that this ia incorrect.

Bandit Proposed .—Sreet im provem ent bonds to the am ount o f $100,000 are under consideration.

C hicago, 111.— Bonds A uthorized .— The Council o f the city o f Chicago has authorized the issue o f #1,000.000 water cer­tificates.

Con o ellsy I lle , P a .—B on d Sews,— Isaac W , Rutter, Borough Treasurer, reports to the C h ron icle that the Council has de­cided n ot to hold the election to vote on issu ing. the proposed S! 17,000 o f funding bonds, and that nothing w ill be done in the matter at present.

Douirliw County, N eb,— Sand! E lection .— W e are advised byGeo. Him rod. County Treasurer, that the citizens of Douglas < Yiiiiity w ill vot-- this com ing fa ll upon the proposed sale o f $100,COf) in bonds to aM the Tr,an#-Mifsissippi Exposition,

ih m a g la c , M id i.—R.-.ad Offering.— Proposals will be re ­ceived until 8 o 'c lo ck P, it ., Angus' 2.1897, by D. E, Coo nine, City Clerk, for the purchase o f $30,000 o f 5 p e rce n t refund Ing bond*. The interest upon the securities will be payable semi-annually and the principal w ill mature at the rate o f §39 ill per annum , com m en d ig 1900,

T ie financial statem ent, e-nmdere to date, o f the city o f Dow tgivc is u* follow*-. Floating bonds. $30,000; w ater-w orks bond*. #40,000: electric-light bonds, $4,000; assessed valuation, $1,917,915; population 1897. 4.000.

F lu sh in g , N, — B ond Election. — Mr. Thomas Carroll,Town Clerk at Flushing, has called a special election to be held July 111, l$97» for ti *• voters o f that tow n to .-decide upon the proposed i>sue o f #50,000 of road-iuiDroveraent bonds.

( j f i l l p o l b . O hio.— Bond, O ffering .— Proposals wilt be re­ceived until 1 o 'c lock p, m.. August 10, 1807, by T, E, Brad­bury, City Cii-i k , for the pu chase o f $10,500 o f 5 per cent re- dc tip'.Hm bonds, The securities will lie (if the denom ination of AV O, dated August 27, 1807; interest wilt be payable sem i­annually -at the office o f the City Treasurer and the principal W ill Bird ore 20.years, front date o f issue.

The ti-tsl bonded indeiicpdoess o f t.i dlipolis on April 1,1897. was 8225,5 >0, includitig #87,000 o f water bonds. The assessed

$713,-,519; total, >1,781.0 0 The tax rale per $1,000 is $29 40 and the population O.sxj.

G ardn er, M m ?.—Band O ffering?—Proposals w ill be received until 13 o 'clock noon. July 31, 1897, by Jahu D. Eslgell, Tow n 1 '/easurer, for $55,900* o f 1 per cent school- hou.HM bonds. The mterst will tie payable -jm i-annually on t tie first day a o f January and July, principal and interest being payable at the First National Bank, Gardner, Maas. These > ecuriues will mature at the rate o f $3,500 per annum from July 1, 1903 to July 1, 1934, inclusive.

Glen R id ge , N, J ,— Bond Sate.— On July 13. 1897, the fo l- low ing bids were received by the borough o f Glen Rtdga for the #60,000 o f street-im provem ent bonds, bearing interest at 1% per cent, both principal and interest being payable in leuat tender o f the United State*:

Prem ium.W J Hove.-I A Sod*, Clevelonti.......*061Fn-rSin, Leaeji A .Co., Sew York— 010

iW‘9101 -ht.-i for ■!« per emit xold lioads.The loans were aw arded to W ilson & Stephens,The securities will be o f the denom ination o f $1,000 each,

dated August 1, 1807; interest w ill be payable sem i-annually on the first days of February and August, and the principal will mature a* follow s: $30,000 at the rate o f $3,000 per ant um from February 1,1903 to 1.916, inclusive, and $80,000 at the rate o f $8,000 per annum from February 1, 1017 to 1926, Inclusive.

GHonceater, Mms. —Tem porary Loan ,— The fo llow ing were the bids received for the $23,000 seven months loan:

Wlison A Stephen*. N't-w York, 706*118 Tim M jnteiWrSav. B u t Mont. H w Be«»»rli A Bvorttt, Seri York -------

RaUofCrocker, Bouton..........

XiiWm.Mi & Toltnait, Bam* Merritt k Co.. Boston...

H ate o f Discoun t."Boati & Goortwrn. Boston........Ourti» & M otley. B oston .. BtekaBroB, M B o sto n ..

Boston............ . 8*10' . 8*15

* A nd t§ premium.The loan was awarded to Edgerly & Crocker, fireene County, Inti.—Bond Sale. — Greene County has

awarded N. W , Harris & Co. o f Chicago the $165,000 o f gravel-road bonds.

122 THE CHRONICLE, [V o l . L X V ,

Hollister, Cal.—Sale Postponed.—We are advised by Mr.J. H. Shaw, Town Clerk of Hollister, that the sale of $35,000 of 6 per cent sewer bonds advertised to take place last month has been postponed until some future date.

Homestead (Cal.) School District. - Bond Offenng.- School bonds to the amount of $15,000, bearing interest at 6 per cent, are about to be offered for sale by this district. The interest upon the securities will be payable semi annually and the principal will mature in from one to ten years, both principal and interest being payable in gold at the office of the County Treasurer, Stockton, Cal.

flnntingdon, veats,—Bond Election.—The election to be held in Huntingdon to decide the question of issuing $16,000 of water-works and electrio-light bonds will take plaee onAugust 7, 1897. , .

Iron ton. Ohio.—Bond Offering — Proposals will be received until 13 o'clock noon, Wednesday, July 28, 1897, by Geo. H. Davies, Clerk of the city of Irontoo, Ohio, for the purchase of $943'80 of 6 per cent sewer bonds. The securities will be of the denomination of $31*46, dated July 1st, 1897; interest will be payable Bemi annually at the office of the City Treasurer and the principal will mature at the rate of $31'46 every six months, beginning January 1, 1898.

Jackson, Miss.—Bond Sale.— The city of Jackson has sold $20,000 of 5 per cent bonds to the First and Second National banks of Jackson at a premium of $318 75.

Jackson, Tenn.—Bond Sale.— School bonds to the amount of $20,000 bearing interest at 5 per cent were sold on July 1, 1897, by the city of Jackson. The bonds will be dated August 1, 1897, and will be of the denomination of $500; the interest will be payable semi-annually on the first days of February and August at the People’s savings Bank of Jackson and the principal will mature August 1, 1917, subject to call after August 1,1907.

Jamaica. N. Y.—Bond Sale.—The 8200,000 road-improve­ment bonds voted upon on July 12, 1897, by the citizens of Jamaica have been sold to George D. Beattys of New Yorkat 102.

Bond Election.—It is reported that on July 26, 1897, the cit­izens will vote upon a proposed issue of $100,000 school-house bonds.

Attempt to Have Bonds Declared Illegal.—Action has been brought by a certain taxpayer of Jamaica to have the $50,000 of park bonds recently voted and sold declared illegal.

It is claimed that at the special election held to decide upon the issuance of the bonds various persons voted who were not entitltd to do so according to the law, and that on this ac­count it is impossible to tell whether the bonds were author­ized or not.

KansaB. —Bond Sale.—On July 1, 1897, the State of Kansas sold to the State School Fund Commissioners $150,010 of 4 per cent refunding school bonds, maturing in five years.

Kansas City. Mo.— Bond Sale.—Kansas City has sold about $878,000 of park-fund certificates, series B and C, to the Travelers’ Insurance Company of Hartford, Conn. These bonds are issued on account of special assessments which are a lien upon the real estate of the park district; they bear 7 per cent interest, but the holder is entitled to all interest and penalties collected on the assessment.

Kentucky.—Bond Sale.—The $500,000 of 4 per cent ten- year funding bonds were awarded on July 15,1897, to a Louis­ville syndicate composed of the Bank of Kentucky, the Fidel­ity Trust & Safety Vault Co., the German Bank and the Ger­man Insurance Bank at 107‘47.

Lafayette, Ind.—Bonds Authorized,— It is reported that the Legislature of Indiana has authorized the city of Lafayette to issue $88,000 of water-works and electric-light bonds.

Lafayette, La.—Bonds Authorized.—It is reported that the city has been granted permission by the Supreme Court to issue bonds for the construction of water-works and an elec­trio-light plant.

Lake C ity, Fla.—Bond Offering.—Proposals will be received by Lake City for the loan ot $2,000 of 8 per cent school-house bonds, to mature in from three to seven years from date of issue. This is part of an authorized loan of $3,000 voted upon by the citizens August 3, 1896, $1,000 of which has been placed with local investors.

Leominster, Mass.—Bond Safe.—Ou July 1, 1897, the city of Leominster awarded to Jose, Parker & Co., of Boston, at 101-959, the $41,000 of 4 per cent school bonds. The interest is payable semi-annually and the principal will mature at the rate of $7,000 per annum from 1900 to 1903, inclusive; 87,000 in 1905 and $8,000 in 1907. These securities have not yet been delivered; the interest will probably be made payable at the Boston Safe Deposit & Trust Co. of Boston.

Lima, Ohio.—Bond Sale.—The following are the bids re­ceived by the city of Lima July 12, 1897, for the $90,700 of 5 per cent street-improvement bonds;

117,000 17,20N . Main St. Harrison A

166,500 IF. Market St.

T, T. Mitchell A Sons, Lima. ................... .C. D. Crjtea. Limn ........................................ *67,660 00Mansfield S a v in g Bank. Mansfield......... 67,467 00New York Security A Trust Co., N. Y . . . . 67,103noAtlas National Bank. Cincinnati.............. 67,116 00Goldsmith A Kolb. L im a............................. 67.085 00Fred. T . B lister. Mansfield......................... 60,978 ooFirst National Bank, L im a........................ Par.

The awards have not yet been made, owing: to the quest of contracts for street pavements being tabled for one we The securities are to be dated Julv 1, 1897; interest to b» p able semi-annually at the office of the City Treasurer of Lit The issue of $66,500 of West Market Street paving bonds of the denomination of $500 and $1,000, and will mature

Bonds.*17,374 00

17,160 00 17.087 60 17,093 00 17,061 00 17,06600 17.057 00

Par.

Mind*7.50

7.3107,3137,2-07.2777.2717,214

follows: $4,500 January 1, 1898; $3,000 every six months from July 1, 1898 to July 1, 1907, and $5,000 January 1, 1908. The $17,000 of North Main Street paving bonds are of the denom­ination of $500 and $1,000 and will mature as follows: $2,500 January 1, 1898; $1,500 every six months from July 1, 1898 to July 1, 1902, and $1,000 January 1, 1903. The $7,200 of Har­rison Avenue paving bonds are of the denomination of $100 and $300 and will mature as follows: $500 January 1, 1898; $300 every six months from July 1, 1898, to July 1, 1907, and $1,000 January 1, 1908.

Bonds Authorized.—School bonds to the amount of $12,000 have been authorized by the Board of Education of Lima.

Lodi, Cal. —Bonds Defeated.—The citizens of Lodi, on July 3, 1897, voted against the proposed issue of $5,000 of 8 per cent high-school bonds.

Malden, Mass.—Temporary Loan.—The following are the bids received by the city of Malden for the 5 months $100,000 temporary loan:

Rate o f Discount.+F. S. M oseley & Co., B oston .......... 2*58*Chus. W ell & Co.. B oston ............... 2*07Curtis & M otley, B oston ..................2*67

R ate o f D iscount.G eo. M ixter, B oston ............ ............... 2*09Bond & G oodwin. B oston ............... 2*83Blodeet, M erritt & Co., B oston ....... 2*84Blake Bros. & Co., B qston ..................2*85

+ And *175 premium. * A nd *1 00 prem ium.

F. S. Moseley & Co. were awarded the loan.Mexico, Mo.—Bond News. —We are informed by Mr. T. M ,

Gill, City Clerk of Mexico, that the issue of $20,000 of street- improvement bonds has been indefinitely postponed.

Milwaukee, Wis.—Bond Offering.—Proposals will be re­ceived until 10 o’clock A .M ., Aug. 2,1897, by W. J. Fiebrantz, City Comptroller, for the purchase of the following 5 per cent coupon bonds:

$120,000 of flushing-tunnel bonds, $120,000 of library and museum bonds, $100,000 of public park bonds, $30,000 of street improvement bonds, $60,000 of west sewerage bonds, $20,000 of east sewerage bonds and $20,000 of south sewer­age bonds.

The above securities will be of the denominations of $1,000 each, dated July 1, 1897, interest will be payable semi-annu­ally on the first days of January and July, and the principal will mature at the rate of 5 per cent of each issue per annum, payable at the City Treasurer’s office or the city’s agency in New York City.

Mobile, Ala.—Bond Election.—The citizens of the city of Mobile will vote on August 2,1897, on the proposition to issue bonds for the acquisition of a water works to cost not exceed­ing $500,000 and a sewerage system at a cost not exceed­ing $250,000.

Monroe, N. C.—Bond Election.—A proposition to issu9 $30,000 of bonds for the construction of water works will be put to a vote of the citizens of Monroe on August 26, 1897.

Montpelier, Vt. —Bond Offering.—Proposals will be re­ceived until July 20, 1897, by Geo. H. Guernsey, Mayor, for the following loans:

$17,000 of 5-20-year bridge construction bonds.$17,500 of 5-20-year funding bonds.$15,000 of 10-20-year street-improvement bonds.The above securities will be in denominations of $500 or

$1,000, as purchaser may desire, and will bear interest at 4 per cent, payable semi-annuallv in January and July at the Manufacturers’ National Bank, Boston, Mass.

Neptune Township (N. JO School District.—Bond Sale.— Tbe following bids were received on July 10, 1897, by the Board of Education of Neptune Township, N. J., for the $56,300 of 5 per cent 20-year schorl bonds:Benwell & Everitt, New York— 107*27 I H eyl & M ajor. P h ila d e lp h ia ....... 105*05E. D. Shepard & Co., New Y ork .. .107*15 Farson. Leach A Co.. N ew Y ork.. .104*26A. Robertson, A sbury P ark ......106*50 | A sbury ParkA Ocean G ro v e B ’nkl03*00

The hoods were awarded to Benwell & Everitt. The se­curities will be of the denomination of $500 each, except one bond for $300; they will be dated August 1, 1897; interest will be payable semi annually on the first days of February and August and the principal will mature as follows: $25,000 at the rate of $2,500 per annum from August 1, 1907 to 1916, in­clusive; $24,000 at the rate of $3,000 per annum from August 1, 1917 to 1924, inclusive; $3 300 August 1, 1925, and $4,000 August 1, 1926. The bonds will be payable at the Asbury Park and Ocean Grove Bank of Asbury Park, N. J., or in New York City,

Newburyport, Mass.— Bonds Authorized.—The city of New- buryport has authorized an issue of $375,000 of water bonds.

New Philadelphia, Ohio.—Bond Sale—New Philadelphiahas sold $7,621 of 6 per cent paving bonds to Seasongood & Mayer, of Cincinnati, at a premium of $425 Interest on the sscurities is payable at the Citizens’ National Bank, New Philadelphia, and the principal will m iture in seven years from date of issue.

Newport, Ind.—Bond Safe.—Campbell, Wild & Co., of Indianapolis, have been awarded $4 500 of 6 per cent school bonds of tbe city of Newport at 11 8 and accrued interest. Interesr on the securities is payable semi annually on the first days of Ju lb and December at Newport, and the principal will mature in from one to nine years from date of issue.

New Rochelle, N. Y.—Bonds Authorized—The citizens of New Rochelle voud in favor of the proposed issue of $65,000 sewer Ponds on July 7, 1897.

Newton, N. C.—Bonds Authorized —The ci iz ms of Newton have authorized the issuance of the $3,000 of electric-light bonds.

Newtown, N. Y.—Bonds Declared Legal.— On July 12,1897, Judge Gavnor of the Su; retne Court declared legal the issue of $620,000 of 4}4 per cent.road-improvement bonds of New-t*W D ,

J uly 17, lc97.] THE CHRONICLE. 123New Tort City.—Bond Offering.—Proposals will be re­

ceived until 2 o’clock p. M., July 29, 1897, by Aahbel P. Fitch, City Comptroller, for the purchase of the following 3}£ per cent bonds and stocks of the City of New York, amounting in the aggregate to $10,053,017 27 :*1 ,750,000 00 of consolidated stcck, known as additional water

stock, to mature October 1,1916.$9,209 00 of sanitary improvement school-house bonds, to

become due November 1, 1916.$150,000 00 of consolidated stock, for the purchase of new

stock or plant for the Department of Street Cleaning, to mature November 1, 1916,

$1,018,029 47 of school-house bonds, to mature November 1, 1916.

$400,00000 of consolidated stock, for the acquisition of land required for the Harlem River bridge, to mature November 1, 1918.

$350,000 00 of consolidated stock, for the Department of Pub­lic Charities, to mature November 1, 1918.

$250,000 00 of consolidated stock, for the Department of Correction, to mature November 1 ,1918.

$500,000 00 of consolidated stock, for the repaving of various streets, to mature November 1,1919.

$4( 0,000 00 of consolidated stock, for the laying of water mains, lo mature November 1, 1918.

$20,000 00 of Police Department bonds, to mature Novem­ber 1, 1918.

$949,(36 82 of consolidated stock, for the opening of streets and parks, to mature November 1, 1913.

•$867,810 08 of Fort Washington Park consolidated stock, to mature November 1, 1918.

$389,431 90 of consolidated stock, for the acquisition of court­house site for the Appellate Division of the Su­preme Court, to mature November 1, 1918.

$3,000,000 00 of dock bonds, to mature November 1, 1927.The above loams will be exempt from local taxation, and

will be payable, both principal and interest, in gold at the office of the Comptrolltr of the Ci'y of New York.

Each proposal must be accompanied by a certified check for 2 per cent of the amount bid for.

The official notice o f this bond offering will be found among the advertisement* in this Department.

North field, N. T —Bond Hale.—The town of Northfield has awarded to Leland, Towle & Co. of Boaton the $150,1/00 of 5 per cent 25-year gold road-improvement bonds at 119

Oswego, N. T.—Bond Offering.—Proposals will be received until July 26. 1897, by A. H. Failing, City Chamberlain, for the purchase of $11,736 80 of 4 per cent improvement bonds. The securities will be dated August 1.1997; interest will be paya/le semi annually on the first days of April and October, and the principal will mature at the rate of $1,467 10 per annum from August 1, 1898, until 1905, inclusive.

Bonds sggrt gating about $50,(00 and similar to the above will be issued during the ntxt 60 dsys, and bids are invited for the same.

Peirce City (Mo.) School District.—Bowl Sale.—Peirce City has sold $3,000 of 5 per cent bnilding bonds to the Noel- Young Bond & Stock Co. of St. Louis at par and cost of pro­viding blank bonds. The securities will be dated August 1, 1897. and will mature in 1907, subject to call in 1902.

Philadelphia, Pa.—Loan Authorized.—The ordinance re­cently passed by the City Councils authorizing a temporary loan of $1,075,000 for general improvements has been signed by Mayor Warwick.

Pittsburg. P s Bond* Proposed.—The Finance Committee of the City C uncil of Pittsburg has under consideration the advisability of an issue of from one to three millions of dol­lars of funding bonds. It is stated that the citizens will likely be called upon, at a special election early in September, to act upon the proposed issue.

Port Richmond (M.Y.) Union Free School District No. 6.— Bond Sale.—The following were the bids received on July 12, 1897, by the Board of Education of this district for the pur­chase of $43,000 of 5 per cent school bonds.

Price.II. L. I»ay 4 Co., Boston.............104.V19Roberta 4 Co, N.T.-..............104J25Farvon. Leach 4 Co.,New York. 10o*7 The Lamprecht Bros. Co.. Q o v . *f 1,128

* And accrued interest. ♦ Net premium.The loan was awarded to Daniel A. Moran & Co. The se­

curities are of the denomination of $1,000 each, dated June 23, 1897; interest is payable annually on the 23d day of June, anil the principal will mature at the rate of $2,000 per annum from June 23, 1901 until 1923, when $1,000 will be payable.

Raleigh, N. C.—Bond Election.—On .September 7, 1897, the citizens of Raleigh will vote upon the proposed issue of $50,000 of street-improvement bonds.

Ridgefield, Conn,—Bond Offering.— Proposals will be re­ceived until 12 o’clock, noon, July 81, 1897, by John Bropby,

Ptirt,Dm " A- Moran A Co., If. T.. ..•106*1® E4 w. C. Jonas Co.. New York. ,.104*88Whann 4 Schleeiiiger. N. Y......104*79W alter Stanton 4 Co., N. T . ...104*7®

ment bonds. $12,344 40

12,878 CO 12,381 60 12,300 00 12,817 00 12,851 0012.219 60* 12,330 00 12.314 04

Selectman, Ridgefield, for the purchase of $60,000 of 3% per cent gold funding txmds. The securiues will be coupon bonds of the denomination of $1,000, secured by sinking fund ; they will be dated August 1, 1897 ; interest will be payable semi­annually on the l8t days of February and August at the Mer­chants’ Exchange National Bank, New York City. The prin­cipal will mature August 1, 1927, subject to call after AugustI, 1917.

Each proposal must be accompanied by a certified check for two per cent of the amount bid.

The official notice o f this bond offering will be found among the advertisements elsewhere in this Department.

Bock away Beach, N. Y.—Bonds Authorized.—On July 18, i 1897, the citizens of the village of Rockaway voted in favor

of the proposed issue of $57,000 of street-improvement bonds,Saginaw, Mich.—Bond Sale.—The following bids were re­

ceived on July 6, 1897, by the City of Saginaw for the $31,000 | of 4 per cent refunding sewer bonds, and $12,000 of 5 percent

street improvement bonds :I S turr refund- Strett improvt-

inc bond*.C. H- whit« 4 Co.. New York............................... $21,669 90Blake Bros. 4 Co., B oston ............................................. 21.034 20Jas. W. Loruianwt Co.. Boston............................ 21,620 85

i W . J. H are* 4 Sou*. C leveland ................................... 21,581 00Mason. Lewis 4 Co„ Chicago................................. 21,557 00Farson. Loach 4 Co.. Chicago...................................... 21.555 00Eatabrook 4 C o - Boston ................................ 21,583 19The Lamprecht Bros. C o„ Cleveland....................... 21,464 10Blodirot. M erritt 4 Co- B oeton ................................... 21,464 10R. L. Dar 4 Co. Boeton.................................................. 21.401 37

The refunding sewer bonds were awarded to C. H. White & O ., New York, and the street improvement bonds to Jas. W. Longstreet & Co., Boeton.

The refunding aewer bonds are of the denomination of $1,000 each, dated July 15, 1897; interest is payable semi­annually, and the principal will mature as follows : $15,000 at the rate of $5,000 per annum from August 1,1909 to 1911,inclu- sive, and $6,000 August 1, 1912. Both principal and interest will be payable at the office of the Treasurer of the city of Saginaw, or at its current official bank in New York City.

The aireet improvement bonds are of the denomination of $400 and $1,000, dated July 15. 1897 ; interest is piyable semi­annually, and the principal will mature at the rate of $2,400 per annum from July 15, 1898 to 1902, inclusive, both princi­pal and interest being payable at the Chemical National Bank of New York City.

St. Alban*. Yl.— Bond Xews.—A report was current a short time ago that the town of St. Albans had been authorized to issue a temporary loan to the amount of $3,500. On inquiry Mr. B. D. II ipkins. Town Treasurer, informs us that this re port is without foundation.

Sandusky, Ohio. —Temporary Loan.—The city of Sandusky has negotiated a temporary loan for $30,000.

Scranton, Vs.—Bonds Proposed —The city of Scranton has under consideration a propoeiiion to issue bonds to pay the c *t of waterworks and an electric light plant.

Shnqualak. M is*—Bond Offering. — Proposals will be re­ceived until 2 o’clock P. Jt., August 21, 1897, by Jno, L. F it ore, Mayor, for the purchase of $5,000 of 6 per cent artinan well bonds of the denomination of $1,000. The in­terest will be payable annually and the principal will mature at the rate of $1,000 per annum, commencing one year from date of issue. All bills must be accompanied by a certified check for $250,

Sol ray, N. Y.—Bond Sale.—The $32,000 of 5 per cent 20- year Solvay sewer bond* have been awarded to J. F. Webb of Syracuse, who bid 118*47. The securities are of the denomi­nation of $1,000 eacn, dated June 25, 1897; interest will be pay able semi-annually at the First National Bank of Syracuse.

Somerswurth, N. II. — Temporary Loan.—The to/vn of Somersworth has negotiated a loan of $117,700 for 6 months, bearing interest at the rate of 4 per cent, with the Somers- worth Savings Bank.

South Bend, Ind.—Bonds Proposed.—It is reported that the Common Council has voted in favor of issuing $5,000 of bonds for the purpose of laying new water mains.

Southfield, N. ¥.—Bond Sale.—The $140,000 of 5 per cent gold road bonds were awarded July 15, 1897, to the Edw. C. Jones Co. of New Y'ork at 125 277. The following is the list of the bids :Edw.C. Jones Co.. New York — 126*277J. 4 W . *5iltfnian A ( o.. N. Y— 12.V150 E. Beckman t mlerhlll. Jr.. S . Y.124'650Robert* 4 Co.. New York.......... 124*510C. H. White 4 Co.. New York .. .123*790 Walter Stanton 4 Co.. N. Y....MWKOB. D. Shamir,1A Co., N. V ...... ItTSSOBertron Sc Storra, Now York .. I t fn e li Far»on. beach A Co., !*. Y ........m-634

* For its.>)00 and an option on balance at same price.The securities are of the denomination of $1,000, dated July

15, 1SB7; interest is payable semi-annually and principal will mature in thirty years from date of issue.

Springfield, Muss.— Bond Offering.—Proposals will be re­ceived until 12 o'clock noon, July 27, 1897, by E, T. Title, City Treasurer, for the purchase of $35,000 of 3)4 Per cent ten' year gold improvement bonds. The securities will be in the form of registered certificates of $1,000 each, dated August 1, 1897; interest will be payable semi-annually on 'the first days of February and August, both principal and interest l>elng payable at the office of the City Treasurer.

Springlleld, Tenn.—Bond Sale,—School bonds to the amount of $10,000 were ricently sold by the town of Spring- field.

Rudolph KleTboIte A C o. N. Y. .122-250 Whann A Schlealtuter. in. Y.. ..1*8X110Oeo. M. Halm. New York........... 1*1-760Henwcll A Kverltt. New York...1*0-000 R. I,. liar A C o. New York ....11(7300Wilson A Stevens........................ 118125(i. M. Houston .............................116*125I>an*l A. Moran 4 Co„ N. Y .......115*006-

1 2 4 THE CHRONICLE, [V o l . L X V ,

Stonewall County, Tex.—Bonds Legal— The issue of $32,000 of Stonewall’ County bridge and court-house bonds has been approved by the Attornev-General.

Tottenvtlle (S. I.), N. Y —Bonds Authorized,.— On July 6. 1891, the citizens of Tottenviile voted in favor of the proposed issue of $30,000 of water- works bonds.

Tnscalooea Connty, Ala—Bond Sale.—The $12,000 of 6 per cent gold bonds offered by Tuscaloosa County on July 1, 1897, have been awarded to Fenton Robinson, of Columbus, Miss,, at a premium of $665. The securities are of the denomina­tion of $100 each : interest is payable semi annually on the first days of January and July, and the principal will mature at the rate of $1,000 per annum, beginning with July 1, 1898.

Van Wert, Ohio.—Boml Offering.—Proposals will be re­ceived by C, M. Sutphen, Mayor, at 7:30 P. M., August 2,1897, for the purchase of the following street improvement bonds:

$7,980 of 5 per cent bonds, bearing date August 14, 1897, and due in from two to eight years from date of issue. Toe securities will be of the denomination of $1,140 each, and in­terest will be payable semi-annually.

$7,560 of 5 per cent bonds, bearing date August 14,1897, and due in from two to eight years. The denomination will be $1,080, and the interest will be payable semi-annuallv.

$3,400 of 5 per cent bonds, bearing date August 14,1897, and due in from two to sixteen years. Tbe denomination will be $160, and the interest will be payable semi-annually.

One certificate of indebtedness of the denomination of $300, bearing date August 14, 1897, and due in one year, with in­terest at 6 per cent.

All bids upon above issues must be unconditional, and no bid will be received for less than par.

Wadena, 311nn.—Bonds Authorized.—The citizens of Wa­dena on July 3, 1897, voted in favor of issuing bonds to tbe amount of $30,000 to cover expenses of water-works and the purchase of an electric-light plant.

Waltham, Mass.— Bids Rejected.—The city of Waltham received five bids for the six months loan of $50,000, ranging from 2-74 to 2'95 per cent. All were rejected and new bids called for.

Ware, Mass.—Bonds Authorized.—At a town meeting July 13, 1897, the citizens of Ware instructed the Town Treasurer to issue $12,000 of school house and road-improvement bonds, to

bear interest at a rate not exceeding 4 per cent and to mature within eight years.

Warreu Connty, N. J.—Bond Sale.—Warren County has awarded to Cornish & Co. of Washington $25,100 of 4 per cent 3M-5*,£-year bonds for $25,206 50. The interest on the bonds will be payable semi-annually at the Warren County National Bank, Bslvidere. N. J.

Warren, Ohio.—Bond Offering.—Proposals will be received until 12 o’clock noon, August 5, 1897, by Albert E. Andrews, City Clerk, for the following loans, dated August 15, 1897:

$1,200 of 5 per cent assessment bonds in denomination of $300 each and maturing $600, August 15, 1898, and $600, Aus- gust 15, 1899.

$1,200 of 5 per cent sewer bonds in denomination of $3)0 each and maturing August 15, 1935.

$3,000 of 5 per cent street improvement bonds in denomi­nation of $5J0 each and maturing $1,000 August 15, 1904, and $2,000 August 15, 1905, with interest payable semi-annu- nually on 15th days of February and August,

$3,000 of 5 per cent special asse.-sment bonds in denomina­tion of $500 each and maturing as follows: $500 August 15, 1898; $1,003 August 15, 1899; $500 August 15, 1900; $1,000 August 15, 1901; with interest payable semi-annually on the 15th days of February and August.

Waterloo, N. Y.—Bond Sale.—The village of Waterloo has sold $10,000 of refunding bonds to the State Comptroller at 102-28.

Westfield, Staten Island, N. Y.—Bond Sale Legal.—Mr. Hubbard R. .Yetman, Supervisor of tbe town of Westfield, writes to the Chronicle that the sale of $80,000 of 5 per cent town road bonds has not been declared void. He says that the purchaser of the bonds claimed that the proceedings should be rescinded and renewed in a slightly different form. This has been done, and the bonds will be ready for delivery within a few days.

Woonsocket, K. I .—Temporary Loan.—'The following is the full list of bids received for the $90,000 four months loan of Woonsocket which was awarded to Edgerly & Crocker:

Rate o f Discount. I R ate o f D iscou n t .Edgerly & Crocker, B oston .*2’60 | W m . O. Gay & Co., B oston ___________ 2*74Blodget, Merritt & Co., B oston .......... 2'69 I Rogers, Newman & Tolm an, B ost. 2*74Blake Bros. & Co., B oston................ 2*711 Curtis & M otley, B oston ................. 2*94

* A nd $1 prem ium.

N E W LO A N S. N E W LO AN S. N E W L O A N S .

P R O P O S A L S FO R

8 1 0 , 0 5 3 , 0 1 7 2 7

O F

3J % B O N D S A N D S T O C K

O F T U E

C i t y o f N e w Y o r k .

Exem pt from taxation by the City and County o f New York.

Principal and Interest payable in Gold.

EXECUTORS, AD M IN ISTRA TO RS. G U A R D I­AN S AN D OTH ERS H OLDIN G TR U ST FUNDS' ARK A U TH O R IZE D B Y AN A C T OF T H E L E G ISL A T U R E PASSED M ARCH 14, 1889, TO IN V EST IN TH ESE BONDS A N D STOCK.

SE ALED PROPOSALS W IL L BE RECEIVED by the Comptroller o f the City o f New York, at his

office. No. 280 Broadway, In the City o f New York, until

Thursday, the 29th day o f Jnly, 1897,A T l O ’ 0I ,O C K P . H I.,

when they will be publicly opened, as provided by law for the whole or part o f the follow ing-described Coupons or registered Bonds and Stock o f the City o f New York, bearing interest at three and one-half per cent per annum, to * w it := * 1 ,7 3 0 ,0 0 0 OO CO N SOLIDATED STOCK OP

T H E 'T T Y OF N EW YORK,

• KNOW V AS -A D D IT IO N A 1,W A T E R .STOCK OF TH E

CITY OF NEW Y u R K .” Prin­cipal parable Oct . 1. 10l«.

9 / 2 0 9 OO CONSOLIDATED STOCK OF T H E CITY OF NEW YORK, KNOWN AS "S A N IT A R Y IM- I*U' > V E M E N T S C H O O L - HOUSE BONDS.” Principal payable Nov. 1,1016.

§150,000 00

1,018,0*29 47

400.000 00

350.000 00

250.000 00

500.000 00

400.000 00

20,000 00

949,036 82

867,310 OS

389,431 90

3,000.000 00

CONSOLIDATED STOCK OF TH E CITY OF N EW YO RK FOR T H E PU R C H A SE OF NEW STOCK OR P L A N l’ FOR TH E D E P A R T M E N T < »FSTRE ET CLEANIN G. Princi­pal payable Nov. 1 ,19L6. CONSOLIDATED STOCK OF TH »: CITY OF N EW Y >RK, KNOWN AS * SCHOOL1IOUSE BONDS." Principal p ayable Nov. 1,1910.CONSOLIDATED STOCK OF TH E C IT Y OF N EW YORK, FOR ACQUIRING LA N D RE­QUIRED FOR T H E BR ID G E OV ER I H E H A R LE M R IV E R A T T H IR D A V E N U E , AND TH E A P P R O A C H E S T H E R E ­TO. Principal payable N ov. 1, 39 is,CONSOLIDATED STOCK OF TH E C IT Y OF N EW YORK, FOR N EW BU ILDINGS. ETC.. FOR T H E D E PA R T M E N T OF PUBLIC CH A R ITIE S. Princi­pal payable Nov. 1,1918. CONSOLIDATED STOCK OF TH E CITY OF N EW YORK, FOR N EW BU ILD ING S. ETC.. FOR T H E D EPA RTM E N T1 OF CORRECTION. Principal pay­able Nov. J, 1918. CONSOLIDATED STOCK OF TH E C IT Y OF N EW YORK. FOR R E P A V IN G S B E E T S AND AVEN U ES. Principal pay­able Nov. 1,1918. CO N SOLIDATED STOCK OF TH E CITY OF N EW YORK, FOR LA Y IN G W A T E R M AI NS. Principal payable N ov. 1, 1918. CONSOLIDATED STOCK OF TH E C IT Y OF N E W YORK, KNOW N AS "P O L IC E DE­PA RTM E N T BON DS.” Prin­cipal payable N ov. 1. iw i«. CONSOLIDATED STOCK OF TH E CITY OF N EW YO RK , STRE ET AN D P A R K O P E N ­ING FUND STOCK. Principal puyable Nov. 1,1918. CONSOLIDATED STOCK OF TH E CITY OF |NEW YO RK . FOR T H E RE D E M PTIO N OF R E VE N U E BOND ISSUED FOR T H E P A Y M E N T OF A W A R D S, E T C . IN T H E FO R I1 W ASH IN G TO N P A R K PROCEEDING. Principal pay­able Nov. 1. 1U18. CONSOLIDATED STOCK OF TH E CITY HF N E W YORK, FOR T H E RE D E M PTIO N OF R E VE N U E BONDS ISSUED FOR T H E PA Y M E N T OF JUDGMENTS FOR T H E A W A R D S , ETC., IN T H E M A T T E R OF ACQU IRIN G T H E SITE FOR A COU RT­HOUSE FO R T H E A P P E L ­L A T E D IV ISION OF T H E SU PREM E COURT. Principal payable Nov. 1, 1918. CO N SOLIDATED STOCK OF TH E C IT Y OF N EW YORK, KNOW N AS ” DOCK BONDS.’ 7 Principal payable N ov. 1, 1927

by the M ayor O ctober 2,1881, and Section 137 o f th e New Y ork City C onsolidation A ct o f 18-H.

T H E P R IN C IP A L OF A N D T H E IN T E R E ST ON T H E A B O V E -D E SC R IB E D BONDS A N D STOCK A R E P A Y A B L E IN GOLD COIN O F T H E U N IT E D ST A T E S OF A M E R IC A , OF T H E PR E SE N T S T A N D A R D OF W E IG H T AN D FIN E­NESS, A T T H E OFFICE OF T H E C O M PT R O LL­E R OF T H E C IT Y OF N E W Y O R K .

CON DITIONSprovided by Section 118 o f the New Y ork City Con­solidation A ct o f 1-82, as am ended by Chapter 103o f the Laws o f 1897 :

No proposal fo r bonds or stock will be accepted fo r less than the par value o f th e same.

Each bidder m ust deposit w ith the C )m ptroller in m oney, or by certified check draw n to the order o f the said Com ptroller upon a State or National Bank o f the City o f New Y ork , TW O P E R C E N T o f the am ount o f the proposal, including premium. No pro­posal will be received or considered w hich is n ot ac­com panied by such deposit. A ll such deposits w ill be returned by the C om ptroller to the persons mak­ing the same within three days a fter decision as to the highest bidder or bidders has been made, except the deposit or deposits m ade by such h ighest bidder or bidders. I f said h ighest b idder o r bidders shall refu se or n eg lect within five days a fter th e service o f w ritten n otice o f the award to him or them to pay to the Cham ber- lain o f the City o f New York the am ount o f the stock or bonds awarded to him or them at th eir par value, together with the premium thereon, i f any. less the am ount deposited by him o r them , the am ount o f such d ep ositor deposits shall be fo rfe ited to and be retam ed by the City o f New York as liquidated damages lo r such refusal or neglect.

The C om ptroller, with the approval o f the Com­missioners o f the Sinking Fund, shall determ ine what, i f an y , part o f said proposals shall he accepted and upon paym ent into the City Treasury o f th e amounts due by the persons whose bids are accepted, respectively, certificates th ereo f shall be issued to them as authorized by law.

The proposals, together with the security deposits * should be inclosed iu a sealed envelope, indorsed '* Proposals fo r Bonds o f the Corporation o f the City o f New Y ork ” , and then inclosed in a second en ­velope, addressed to the C om ptroller o f th e City o f New York.

For fu ll in form ation see City R ecord .

A S H B E L P. F IT C H ,Comptroller.

The resolutions o f the Commissioners o f th e Sink­ing Fund, exem pting said Bonds and Stock from local taxation were adopted pursuant to the author­ity o f an ordinance o f the Com m on Council approved

C IT Y OF N E W Y O R K ,FIN AN CE D E P A R T M E N T -C O M P T R O L L E R ’S

• OFFICE.JU L Y 15, 1S97.

Jolt 17, «$ ? .] THE CHRONICLE 125Worcester, Mass .—Bowl Sale.—The following are the bids

received for the $200,000 of 4 per cent Worcester bonds, dueApril 1927 ;

lOJt & Co.. Boston......... Ill OR? I X. W.Harris*Co,.Boston......US-530

Boston........U3'8!3: Horaces. Humeri Co.. BostcmUis-snr______ ion * Barr, li > *o o .......U r ;? I i C. H. White * Co. New Yom... .11*700Blake Bros. A Co, Boston....... 113-SSO!

The securities were awarded to Estabrook & Co.:Temporary Loan.—The following ia a full list of the bids

received for the $100,000 Worcester three months’ loan :Rat* o/ XHicmtnt. I Rule of ItOcnunt -

K i m frmler A Co.. Boston.•*.<*! » ' ! » * * A Alien.. . .. ....SwageMuter. H. »lon. ......... 2*37 Old Col Wjvnst Boston.. ... i-50■; . ... Br .. X B ,1 *2-411 3. .v II •■*!..n. . 3 :oF. 3. Moseley * Co.. 8-o.ton...... ril Itsfrt Nerotu * Warn ii ,,gatrertjACwwfcer. Boston....... r»'* SnsnscmaB A Jennison, N. 1. rysCorns A Motley. Boston- ...............213 Blodset. Merritt A Co.. Boston.... u i----- Ctuw. Watl* Co.. Boston..-,,...... 20,t* Faratde In Now Yotfc, - } U SS ttrrmmto and *:■<' torerejt.

The loan was awarded to F. S, Moseley & Jo.Youngstown. Unto.— Bond Oflerinff,—Proposals will be re­

ceived until 3 o’clock P. U„ August % 1897, by F. C. Brown, City- Clerk, for the purchase of $1,900 of Phelps Street and §1,100 of Hazel Street paving bonds. The securities will bear interest at the rate of 5 per cent, payable semi-annually, both principal and interest being payable at the office of the City- Treasurer. The Phelps Street bonds will mature as follows; $1,900 at the rate of $500 per annum from October 1, 1898 to 1900, inclusive, and $400 October 1. lu ll. The H izei Street bonds will become due as follows; $900 at the rate of $300 per annum from October 1 ,1898 to 1900, inclusive, and $300 Oct­ober 1, 1901.

S T A T E AN D C IT Y D E B T C H A N G E S .We subjoin reports as to municipal debts received aince

the last publication o f our STATE AND CITY SUPPLEMENT, j S om e o f these reports are w h o lly n ew a n d others cover item * o f in form ation additional to those g iv en in tn e S u p p l e m e n t

and of interest to investors.Ih'CHtnr, Ala.—ft. t\ Bakery Mayor. The following finan­

cial statem ent of the eity of D - -atur has been corrected up to I

June 1,1897, by means of a special report to the Chroniclefrom J. B, Hinds, City Clerk.

D.catur is situated in Morgan County,LOANS— When Due.

STltfXT and S a.nmm.b y —6s, Jan,, 810,000 ....... May 3, 1907

tnterest -paviiMe In New York. Bonded debt June 1, '97 . ..$40 ,000Floating debt................ 4,000Total debt June 1. 1 8 9 7 ... 44 .000 Water debt (additional,... 3.000

Tax valuation, real........§5 ,500 ,000Tax valuation, person’ !. 3,000,000 Total valuation 1 8 9 6 ... S .500,000 Assessment about % actual value.Tax rate (per 8 1 0 0 0 ! ........... §18 00Population in 1890 was..........2,765Population In 1897 (eat.)___ 3,500

Galveston, Tex.—A. W . Fly, Mayor. The following finan­cial statement of the city of Galveston, has been corrected up to June 1, 1897, by oflicial report to the Chronicle fromTbeo. K. Thompson, City Auditor,

Galveston is the county seat of Galv, ston County and is advertising for sale, A u g u st 1, 1897, $300,000 of 5 per cent29 40-year funding bonds.

L O A N S - WAm Due.FUSDIKd BOSIiS-58. M AN ,$300.000......... 19O.V1015

Lim ited D ebt B o sim 1 8 8 1 -S i , . . . $1,300,04X1......... 1921 -1927

lim ited Deist Bonds im n —5a..........$1 ,195 ,000.......... 1931-1936

LOANS- When Due.Pencil ASK BLOCK 321 -

8s. M&s, $17 ,500 .. .Mar. >98 to '02 ($3,500 due each year.)Water Works bonds—

5s, . . . . , $ 800 ,000 ....... ..1928 -19305s.......... 5 0 ,0 8 0 .......................1936

PAR V ALU E O F BO N D S.—The limited debt bonds are $100 and multiples thereof.

INTEREST is payable In New York and Galveston. A ll coupons are tax receivable.

T O T A L D E B T , E T C .—The subjoined statement shows Galveston’ s total bonded debt. Including the water Uobt, the floating debt and thenet debt, on each of the dates named.

June 1,<97, Dec. 1, '96. Ocl. 2S.'95. June 1, >94. Total bonded d e b t .. . .$3,488,500 $3,126,000 $3,132,700 $2,202,700Floating debt fiyecniedinterest, eh’.,i ....... 293,906 336,729 299,518 150,488

Total debt .........$3,716,408 $8,'762,729 $3,422,218 $&802,138Sinking wod, AC....... 793.240 633,551 349,874 515,469Set debt................... $2 ,923 ,18e $2,920,175 $2,873,140 81.848,009

N E W L O A N S . N E W L O A N S I N V E S T M E N T S .

f 4 ( H ) , 0 0 0 8 * * ^ 0 0 , 0 0 0

V s PER CENT GOLD BONDSOP T H E

T ow n o f R id g e fie ld , Conn,Prop -“ml* will i*» feuet'V#f hr ifc* M the

T r - w m c . f o n » t mm®« SATt'KHAY.JCLY tom, it* th* pmmhtm. m «r)*oi« <*r In pmn o f

9 6 0 .0 0 0 of *h* a*UI ife-nd* of (be T - a of Hidgfg«M,Timm will t* t«*wMto takp up mm 4 ms *■

ffeatiu# tBtimbUtfttimm to tfeat mmuuut, and are jj*f »- Mu te $*jki of t fee Csifetd State# of if#- ptwgg&s-* ftaeritard &f weight and $oy#s#g#, on t&# firat day AufiMt. I W , or, «t lb« option of **td Tt»wa, at mar Its# aft#.? it# Srwt Any of Jkag®st* IS’IT, t2kt*t#*€ at tile rat* of ifere** **«d ojs#-half per #*nt. pay*t*l# in mM* February 1st and An$cmt i*t» mi the Mmch&mm&x.cimt3gts Natirm*? Bank. ?»:*w TojfIe dty,

Tlse Will £m» ®«l Ofl AagjtsM Sfii,,#tf. til# Mtrc&ant*' ¥,tchmmu Bkiik.York CUy, wb«n th# pile# bl«!,wub **;*m*il inler**tsatiat b* to lb# T'r*«%a.r*f' «f it** Town fey tfe#:

PT??p«fsiI* »Umn b® *«*l*®l #0MJ ■lOBM MUrjpt'i'b', #1 Cnnsmarkoii ** Prop*i#la for Boa*2» M, ««<) mast l$e mcc*'tm-pBSrtM »y % eteik fear ttt p«r o*nt ofitsai iiiaoast,

Tfi* rtgbt lo-t«i#ct any muff #il hi4m N S:&kiyi# turn! prowl#** for at mmtutHf.It Is propo***! to l**ue coupon bonds of the 4eiv:*m-

l&mikm &g $ 1,000.Tlie Brmil* are tifa#d aod#? 9**tion

Sf*lut€s of C«n*ie*tlcai. 1S8B »84 by t i t M t f of a Town heM July 34, l$&7.War turt&mr putitalifs mdiimm

sEUteTHB* o r nw ftt'vim j).

I n v e s t m e n t B o n d sFOB

N e w Y o r k S a v i n g s B a n k s a n d T r u s t e e s .

L IN T S s e n t U P O N A P P L I C A T I O N

f f l l g t e or tiomowt Ann S i t ^of.. stook mxcUAMQm&.

R . L . D A Y 8 o C O .,4B W a te r Str##*# S a c t e i ,

Y Sir##** K#«t Vorlt*

C I T Y o f G A L V E S T O N , T E X ,5 FUNDING BON DS,

t * At T« XA« » 4niy tsf, 1667*M4m will by nm Mmrur w*4

rtsumm of ttu» i.Tity uf c.ailT***t4i», mutt)fnr»AU, on S’lrwLiy. Angn*i At, for tu# ptuhvlimw for tmU of 6 00.11110 Bsc p*r 0#Bt tWCnfjk-fortf ImietitPHin.-- - Ftistditik Bond* of Iwj? «>f ill# Oty of flrnttv+um.Bids for l«w than pur will not be considered. Eachbt4 unm% fee- s j#8p*aie4 fey m check for

mm m jfoajrmity of im&tfa* and ebecii will fee mtmmmi if M4 m not uzmptmL The right to reject any or all hid* is hereby re-Ultfei iheold fee adflfe-ssed to the GQMlelllpiid and

mtAaramt ** BWi for tleneral In4efete4n*«a fandlaiFor fort he? parti crtilari address

TH KO. K. THOM.JPHO ,Crtr Amnsmu

Galreat ton, Tex.HIGH-GRADE

Stitt*', Municipal. County, Schooll i o r s i »ss .

I.esral iBrestroertts for Savin#* Books in New Yorkand ah New England.

R u d o b h K lev b o lte & Oo,,H A If It EHSj

> , Wm Cor. 34 A- W nlttoi 8 m .f CinciflOadr Ohio.

4 1 n ntl 13 W tilI Ht , a n d 47 Exchange I* I ace, N, V. City.

USTH VIA ICED CP«N APPLICATION.

$ 1 5 5 ,0 0 0

T err itory o f N ew M ex ico 5s,Lilted umim m«S e<f»itroW|,d fey act. of tte tlniiod < a«gre«», Poimlnlton Aa«eatodvalue, Hefet !**»* ihan per oeni. W#retard- od«#4ly *U*tott os bonds ef t'ho Cfe>vc«fliMao.t,

I)I*K 1 0«£O A NOjdO-30 YEA liH,Price and partlealara apfen afepiicatton.

fyiASUNp LEW IS (fe C O ,,RANKERS,

BOSTON) Wortlilaglon Illdg , 31 State Rt.C il lC A O O t 171 l.n S a lle S t

C , H . W H I T E & C O .,B A N K i : R S ,

31 NASS-%1: ST.. NEW VOItK.i i O i l . O r n b r a n d U n h id * . H i e h ................... .5®

3*1.«M»R H a y C it y , l i l c h .............................. . . . . l a* il * 6 0 6 H -g li i a w , M ic h ................... ................4 «7 3 . 0 0 0 P a l l 11 I v o r , t fn a a . . . . . . . . . . , . , . . . , , , 4 #7 0 .0 0 0 Che I ten, slid***.,. , . . .4 #7S,IMHI IliMihnrr* Conn .......... .4*

Pimp E ockn w ay, N«7 ,0 0 0 Hochiaad Co., N. V .............5 *

I 0 . 0(10 at* r l o r d , N. Y . » * 4 #3 4 * 0 0 0 B e r k l e y , V o . .. . . 0 *3.(100 Topeka. 14n n ......... ...5#1 0 ,0 0 * * ^ p o k o m * . VVash ..................................5 a

0 ,0 0 0 Din j(o ln i% Town ..................... . . .6 #1 5 .0 O ft N o r th W e s t e r n t 'n lo u U y . . . . . . . . 7 »1 0 .0 0 1 * »*r r c f o r d R y i A ln iu # C e n t . ) ........la•gr5 . 0 0 0 I ft tp id T r a n s i t F e r r y . . . . . . ...........5 a

‘4 0 0 ,1 1 0 0 i k t r o l t R a i l w a y , . , , . ............... .5 *I3«i W ith Prieen on Application.

$650 ,000P H I L A D E L P H I A , P A . ,

3 V , REFUNDING BONDS.l)n'<v! July 1 ,1697. D u i Id to SB ytiar^

Legal for N ew Y ork Savings Buaka,

E D W A R D C . J O N E S C O .1 Naasan Street, New York.

421 Chestnut Street, Philadelphia.

Tow nsend W helen & C o.,009 Walnut Street, Philadelphia.SAFE INYES'I’I e NTS.

S E N D F O B L I S T

C i t y a n d C o u n t y B o n d s .DIETZ, DENISON & PRIOR,

3 5 C J N i m K S S H T ltK E T , - B O H T O N . 0 » » 6«U»«rlor S trss i, O lsvtland 0*

B l o d g e t , M e r r i t t & C o . ,B A N K E R S .

16 Congress Street, Boston.

STATE CITY & ItAILROAl) BONDS

THE CHRONICLE, | voi. LXV,1 2 6

In addition to the sinking fund, as givon above tlie city owned in 1897 $528,870 of wharf company stock and $10,000 of City Railroads stook (the income of both pledged to sooure its limited debt 5 percent bonds), a water works plant valued at about $1,500,000, an ■electric-light plant, etc., etc., the total value of Its publio property being $3,124,853.

The sinking fund reoeives yearly an amount equal to 2 per cent of the outstanding bond3. The ordinance respecting the limited debt bonds provided that their sinking fund income should be invested in bonds of the State of Texas, bonds of the United States or bonds of the city of Galveston.

D E B T L IM IT A T IO N .—The c ity can issue bonds on ly with leg is la ­tive authority and is forbidden to m ake loans fo r railroad aid.

ASSESSED V A L U A T IO N .—The c ity ’s assessed valuation "a b o u t 45 p er cen t actual value,” and tax rate have been as fo llo w s :

Personal Total Ass’d City TaxTears. Peal Estate. Properly. Valuation, per $1,0001897 (est.)...................................................................... $28,500,000 •1 8 9 6 ................................................................................. 25,146,928 .........1895............................... $19,848,056 $5,543,496 25,391,552 $15 001891 ,............................... 19,496,983 5,290,036 24,787,019 15-001 8 9 3 ................................. 18,066,860 5,007,486 23,074,346 15-001890 ................................ 15,970,935 5,062,899 21,033,834 15 001881....................................................... 17,625,862 .........

POPULATION in 1890 was 29 ,084 ; in 1880 it was 22.248; in 1870 it was 13,818. Population in 1897 about 50,000.

Gunnison County, Col.—The following financial statement of Gunnison County has been received by special repert to the

Ironton, Ohio.—Jno. M. Corns, Mayor. Tne following financial statement of the city of Ironton has been correctedup to June 29, 1897, by means of an official report to theC h r o n i c l e from Geo. H. Davies, City Clerk.

LOANS— When Due.C e m e t e r y L a n d —

5s, JAD, $3 ,000......... 1897 to 1898M e m o r ia e H a l l .

5s. A&O, $20 ,000.......May 1 ,1 9 1 05s, MAN, 3 ,500 .........May 1 ,1 9 1 4

R e f u n d in g B o n d s—5s, MAS, $30 ,000 ........Sept. 1 ,1 9 1 5

S e w e r s , E t c .—5s, JAD, $25 ,000 ........June 1 ,1912

St r e e t B o n d s—5s, JAD, $25 ,000........June 1 ,1912

Wa t e r B o n d s .5s, JAJ, $90 ,000 ........Jan. 1 ,1 9 0 65s, MAS, 18,000........Mar. 1, 19114s, JAJ, 4 7 ,0 0 0 .. . .July 1 ,1 9 0 6

LOANS— When Due.W h a r f B o n d —

6s, JAJ, $8 ,0 0 0 ....J u ly 11 ,1898 St r e e t I m p r o v e m e n t .Payable by special assessment.

6s.............$33 ,600 ..............1897-1904T e m p o r a r y L o a n B o n d s -

68, .........., $27 ,850 .......... 1897-1898Boudeddebt June 29, ’97.$330,950 Water debt (included). . . 155,000 Spec. asst, debt (add’n’l) 33,600 Temporary loan (add’n’l) 27,850Tax valuation 1896..........3 ,387,000City tax (per $1,('00)___ 12-30Population in 1890 was. 10,939 Population 1897 (estim’d) 12,500

INTEREST on the wharf bonds, on the special assessment bonds, and on the temporary loan bonds, is payable at the City Treasury; on all other bonds at the National Park Bank, N. Y . City.

Ridgefield, Conn.—The following is the financial statementof the town of Ridgefield received by official report to theC h r o n i c l e .

Ridgefield is in Fairfield County.Has no bonded debt.

Floating debt July, ’97 . $67,215Tax valuation 1897....... 1 ,604,429Total tax (per$l,000)’96 12-00

Population 1897 (est.)............ 2 ,500Population 1890.........................2,235Population 188 0 .........................2,028

Chronicle from J. E. Brothers, County Treasurer. South Bend, Ind.—The following financial statement of the city of South Bend has been corrected by means of an official report to the C h r o n i c l e .

This is the county seat of St. Joseph County.LOANS— When Due.

C o u r t H o u s e b o n d s —10s, April, $8,500........Oot. 1, 1901lut. payable at Co. Treas. office. “Bondeadebt July 1 , ’97 $8,500Floating debt (nboat). . 2,000

Total debt July 1,1897. $10,500Assessed valuation........ 2,212,000Assessment about % actual value.Total tax (per $1,000).........$36 00Population in 1890 was........ 4,359Population In 1897 (est.).......5,500

Total debt July 1, ’9 7 . $261,000Water debt (incl.)........ 221,000Sinking iu nd ................. 20,800Net debt July 1 ,1 8 9 7 . 240,200City’s proportion of

county debt................. 90,000

Assessed valuation___ $14,020,760True valuation (est.).. 25,000,000Population 1897 (est.).......... 30,000Population 1 8 9 0 . . . . .............. 21,819Population 1880....................... 13,280Population 1870...................... 7 ,206

* This does not lnolude $169,700 funding bonds issued In 1883, the legality of which is now being tested In U. S. Courts.

IN V E S T M E N T S . IN V E S T M E N T S M IS C E L L A N E O U S .

A D A M S & C O M P A N Y ,BANKERS'D E A L E R S IN

I N V E S T M E N T B O N D S ,•Members o f Boston Stock E xchange.'

No. 7 Congress and 31 State Streets,

B O STO N .

G o v e r n m e n t and

M u n i c i p a l B o n d sBOUGHT AND SOLD.

A P PR A ISE M E N T S M AD E OR QUOTATIONS F U R N ISH E D FO R T H E PU RCH ASE. SA L E . OR EXC H A N G E OF A B O V E SECU RITIES.

L I S T S O N A P P L I C A T I O N .

N . W . H A R R I S & C O . ,BANKERS.

3 1 N A S S A U S T . ( B a n k o f C o m m e r c e B id s :.) .

NEW LOAN.f t 1 0 0 , 0 0 0

C I T Y O F

A L L E G H E N Y , P E N N ., 4s.P R I C E O N A P P L I C A T I O N .

F a r s o n , L e a c h & C o . ,CHICAGO. NEW YORK,

100 Dearborn St. 2 Wall St.

MUNICIPAL BONDS.E . C . S t a n w o o d & C o . -

BANKERS,

21 Devonshire Street, BOSTON.

LISTS SENT UPON APPLICATION.

New York Savings Bank Investment.

$ 3 0 0 ,0 0 0C I T Y OF P O R T L A N D , M E ,

GOLD 4s.Dated July 1,1897, D ue July 1,1912. Registered or

Coupon. Price on application.

E. H. ROLLINS & SONS,1 9 M ilk S t r e e t . B o s t o n . M a s s .

W H A N N & S C H L E S IN G E R

M U N I C I P A L

1850. 1897.

T h e U n i t e d S ta te s L i f e

I n s u r a n c e C o .IN THE CITY OF NEW YORK.

All policies now issued by this Company contain tbe following clauses :

“ After one year from the date of issue* the liability of the Company under this policy shall not be disputed.”

This policy contains no restriction whatever upon the insured, in respect either of travel, residence or occupation.”

All Death Claims paid WITHOUT DIS­COUNT as soon as satisfactory proofs have been received.Active and Successful Agents, ivlshing to represent this Company, may communi­cate with the President, at the Home Office, 261 Broadway, New York.

B O N D S .

I WALE STREET, NEW YORK.

W . J . H a y e s & S o n s ,B A N K E R S ,

DEALERS IN MUNICIPAL BONDS,Street Railway Bonds, and other high-grade in ­

vestm ents.BOSTON, MASS., Cleveland, Ohio,

7 Exchange Place. 311-313 Superior St.cable Address. “ K E N N E T H .”

E d w a r d I . R o s e n f e l d ,m u n i c i p a l s e c u r i t i e s .

High-Grade Warrants a SpecialtyW rite fo r List.

No. GO Broadway, New York.

W M . F R A N K L IN H A L L , A c c o u n t a n t

w?4u ltBreit[!,n • BOSTON, MASS.Books audited. Examinations and investigation*

conducted with the utmost care and efficiency.

o f f i c e r s :

GEORGE H. BURFORD............... PresidentC. P. FR A LE IG H ............... SecretaryA. W H E E L W R IG H T ...................Assistant SecretaryW IL L IA M T. ST A N D E N ....................................A ctuaryA R T H U R C. P E R R Y ............................................CashierJOHN P. M U N N ................................... M edical D irector

F I N A N C E C O M M I T T E E :

GEO. G. -W ILLIAM S..............Pres. Cbem. Nat. BankJO H N J. T U C K E R ...............................................BuilderE. H . PERK INS, J k.. Pres. Imp. & Traders’ Nat. Bk JA M E S R. PL U M ................................................. Leather

E n g i n e e r s .

F . J . P i c a r d ,C O N S U L T I N G E N G I N E E R

COLUM BUS, O H IO .Examinations and Reports Made for

Bankers and Investors of Railroad, Coal Mining, Oil and Electric Properties.

REFEREN CES SENT.

J o s . O . O s g o o d ,M. A M . SOC. C. E.,

120 BROADWAY, NEW YORK. REPORTS ON INVESTMENT PROPERTIES.

Railroad Location and Construction.

FOR SALE.

c h r o n i c l e ”’ v o l u m e s .W ILLIA M B. D A N A CO M PAN Y. 76^ Pine St., N .Y