( Z v r i r t

^S3B>

Quotation Supplement (»m ^ Street KailwaySupplement (q«,^ investors Supplement M Stale and City Supplement

[Bnterea “0<,uraiag to Aot ot Con<tm3, la the yw r 1397, by the William B. Ddva Oox p a sy , In the oflloe of the Librarian of Oongree. )

VOL. 65. SATURDAY, AUG US L’ 14, 1897. NO. 1,677.

3£he (£hccfuicie.P U B L IS H E D W E E K L Y .

Term s o f S u b sc r ip t io n — P a ya b le in A d v a n ce :For One Y e a r . . . . . . ___ . . . . . ........... ................ „ B IO PQFor S ir M o n th * ............. . ...............„ ..........8 00Earopoati SinsoriptiGi# {lachillas? postal?©* . . . . 1 2 0 0Boropeaii Su b+'H ptioa B ix 3 f outlie {H ie M h j* iK»§ta#r©+ 7 0 0 A m um ! SulRfCpipMoiila L oadoa PadiftdJii$f IQ§.01 j : M cms* do. do. do. , . . . £ 1 lOb .do.

The Wvestors; 90Pf l.KME.vr yu i be ftiriil-tMol without extra charge r'UKOsIci.E ,lU'U *al’*0rlt' et 01 1,18 Ci>«*BSCWt A*» FfS.-CUI.

The STATE *si> Crrr buitlemen-t will also bo farni.inxl without extra charge to every *nb««ribar of the OnBoiiictB.

The 9TSEKT 9nm.Btir.XT will likewise be furnished with-**<**&« charge to every subaetiber of the OnraoxflGBK.

The i^t’oT aT io* -SoPFLEXBXr, issued m osth ly , will »l*o bo furnished without extra ehary to every subverttM>r o f too burntnot*.Fltoeorerg hoUlm^Blx moathM’ imom or a pee tut tile cover* for Sap-

plements ar» sold at 50 cent* eaob; postage on the aarao is is cent..T erm s or A d v e rtis in g —(P e r inch space).

One time........................ $3 50 1 Thr*v Month* 113 Umv>. *23 00One Month H tt o n ) . . U 00 Sir Month* r>0 - . . ' 1 3 #1Two Months (8 " 18 0 0 1 Twelve Month* (S3 •• 5s 00

(The above terms for one month and upward are for standing card.*.) London A g en ts :

Meapv. Ei>w veils 4 Suita. I Drapers' Darden*. E. C . will take sub ** ia !<e*eh*'1 *dvorti*«m»nts, and supply single copies of the paper

W IL L IA M II. DANA OO.VIPANY. P u b lish e rs ,P in e s tree t . C orn er o f P ea rl s tree t .

Post O rrice Bo* 958. N E W k h i k .

Clearing* at-W<4k ending August 7.

CLEARING HOUSE RETURNS.The following table, made up by holograph, etc,, indicate*

th at the total bank clearings of all the clearing houses of the United States for the week ending to-day, Aug. H.5S7iet S r 2 r 'V L ^ ' ’7‘ 5 *(W last week and$841,082,673 the oorresporuling week o f last year.

cmAum&m,B-eiurm bp tetegr pk.

Slew York.

wmwmphi* ._ .*** „„'Bs&timme ,...........Ghtesmgo *****.«»„*....St Leal* . . . . . . . . . . . . . .Hew 0fi«aai*. . . . . . ...

Bmm elite*, 5 day* Otlwr elites, s day*.,......*.

Total all fsinm, 5 day* .. Ali cities, 1 day ...............

T&$M m -emm for w«ek.

Wmk BnMm August H,mct. 1890 Per 1 ,ni

M0S.4» .57S“;n n ,7.i7#0,Z17.3«'5H.aui:.«aT2A1H,»732L407, ’l 84,741.309

*393,702.31?0X0*7.73041.574.43510,084.98300,830,78318.458,0155,575.200

+ i? i -f vt’a + 12-7 - 41*0 +19 1 + 10*0 —14*9

»8*9,l*l,S»l *304.345,353 *“ +40-9133,718.341 113,840,027 8-187**73.834,518 5705.995,379 +J7-8184.019,273 134,087,304 +37*2

*t.tS«.857.8M *241,082.87 ,i +237**3

New Yorth, .... Philadelphia, .. Plttahuric.,,.... Baltimore— Buffalo.... .....W ll» h l OiltOQ....R ochester.* .....,Syracuse.........Scranton. -««-»* *.. -W tlm tairtoa.....B ln ah am toa .. . .

Total Middle..B o s to n ... . . . .. .. .ProrUte&e*. ....Hartford*.* ,New Harea. ....0jprtts«C»ld. ....Worcester. ......Portland ........Fall Riser........ttrUssc::

Total Maw 8a#.,Chicago..........Claemnatl.......

t. . . . . . . . .Cleveland......Milwaukee, ColaEnhai.......IndleaapolU ....Peoria...... .....Toledo .............Grand Rapid*.,,D a y t o n .. . . . . . . . . .LerSnsrtOfi,..,.,.Saginaw.-..*,....KiUamMOO***. .*Akron.,

iseo. lays 1894.718 011.687 «MStt,784 18 7 <*.*13 1V235 Im

wS S i»->? wo a ^ 'lw

SOJ,715.535 "

llsf OUT............ttootford.... *ttrine9aiiS, Ohio. C a n to s ............. .

Tot. Mia. WMt’rSan PrutetMO....Sait ! ,* « . C ity....Portland............Lot Atutol*.,......Tsooms.... .......SMUl*.......... .Sfoksno.,.......... .Fareo. .. . . .. . . . . . .Stmix Falla.......

Total Pacific....

The full details o f clearings for the week covered bv the above statem ent will be given next Saturday. W e cannot, o f course, furnish them to d a y , bank clearings being made up by the various clearing houses at noon on Saturday, and henoe in the above the last tw enty*four hours o f the week have to be in all oases estim ated, as we go to press Friday night.

W e present below ou r usual detailed figures for the pre- vioua week, covering the returns for the period ending w ith Saturday’ noon, Aug, ?, and the results for the corresponding week in 1896, 1898 and 1894 are also given . Contrasted with th e preceding week, there is an Increase in th e aggregate exchanges o f nearly o> e haodrerd and fifty-six million dollars, and at New Y ork alone the gain is n inety-three m illions, in com parison with the week o f 18«« the total for the whole cou n try shows an increase o f 33 0 per cent, com pared with the week o f 1895 the current returns record a g u n o f 3 t '5 per cen t, and th e excess over 1894 is 65-3 per oent. Outside o f New Y ork the exoe-s over 1890 is 18-7 per cent. Tn» increase over 1895 reaches 13 9 per cen t, and m aking oom pansoo w ith i8 9 i the gain i* seen to be 33 0 per oent.

citr.M tlUUBHEKlUff..8tnp»aC**.‘.! Dourer...»... Da Yen port....

Jm ‘

Anmm.■riffiuu.

Topeka.Frena oat..n**ti nm..

Tot. other We*t.St, L oo!*...,Mew Orleaa*,.......Lon Irrill©..Gal Teuton...........H oaatoa.... . . . . . . . . .SnY annah.... . . . . . .Rlchtnond..........M era phi*......... .AUanfea..............Dal fas.........MaehrlUe..Norfolk............W a co ........ . . . . . . . .Fort Worth..........A a g o s ta .... . . . . . . . .B irm in g h a m ..... .. .Kri'ixvllle,.............untie R ock .,,.........Tack^onYllle,.., . . .Chatt-anootm............

Total Southern..Total all......Outside N. York.

M ou trea l,,......,,.Toronto.FlailA ...........Wlnnlreo..........Harolltou.,.,. .....Ft.Tohn..... .

TOUI Canada..,,

102.715 417i a 46.w*massUW7.3Mi 174.SU

872.454___ 459M(Mm jm A m

j lS m »»."IL 1 >

mi sr.\7.m*

iafl/jfts vioi m wl 64V.7W l.Sln Kin LAW.:,.* II3V.SS

Si}"

W )8a®#*

i.fso.mlo'bbolsw 11.8 -3.256

8Uto,a« m r +sa-s

VMSJ.SiO h t V i 100,496,001V0.#4fl,S0Oi-.y:,e.xto

f74».aea Lane i*}-607.8757m 2177m .m-182 7*0

+231-9-4*7

tS-1

650.517___ 841*400*08 053,607

1-212,608 l»?3 907

L210,701 624,275

_ja»80,770,841

WA

U544.7404 810 1.’ 76 4,1 1.0),7MW J * 6?s,<««4 tn,mt,

ISAEO ta .m

2S’ 97llU M*41,7.1-'-*47 <48

a f1SW, 101

.

723,028

359-522343,404236,800U lM l

___ 130,276110 817.831

17,075 278

25 407*050 d 180 667 7.267.506 L904.U50 2.860 6*0

1.218.168 1.081,5 04l.» 0*1.000yi inn

26* 457 625,000 424,288 2&A.iW408 643 220.861 177 .115 309,43ft

SI 607,018 L 181.301,108

U 655.600 0.08d.*0S 1.526 «7 i 1,662,354

66* #08 088 401

23.786.160

Ss:« t6v»*ft.484MM.850! 1-800.0 0 u n i si?2 m.28 i1,111.480

w781,710811.1422/2,907472.300376.281995.279381.483245.112257.218214,07.4

48.703,840 “ 89T.82l.567 _

^W usium '

10 397.000 0,151.711 1,621.0*3 1.305 5<<7

on, m080,000

~ 2 n4-81*6

—1*7- f i n

-tn —81*1 +34* 7

386^8274,-77__24 *,506

48.845,379000,500.781

2610,474

lioV.7651.001,603

i f019,700

sag28 800,777

21,798,377 6 630,437 5.158 845 1,529,873

l®m

849.000SB255,908

341,474187,376

45.451.543

702.022,887+ 18*7 410,2*0,804 373,043,0914-12‘l+8'7-H8*9-0 4+5*5

10. no. 153 #.789,497

t»a Vl.dB OPIl

252 THE CHRONICLE. [VOL. LXV.

THE FINANCIAL SITUATION.The salient features of the week have been the much

higher prices for wheat, higher rates for money, lower rates for foreign exchange, increasing railroad earn­ings and a strong stock market. These features ac­count for the buoyant feeling prevailing, and, with business on all sides becoming more active, show a sound basis for the belief that the present good cheer is not a transient sentiment but the effect of a real and substantial progress. There can be no doubt that the railroads this season will be taxed to their fullest capacity to carry the traffic which will be offered, and that there will be a free movement of freight, west bound as well as east bound. This latter statement is an assured inference because the crops are heavy, prices are high and the profits consequently are large, and large profits necessarily will be followed by large pur­chases of commodities by those who secure these good returns for their products. That is a reasonable con­clusion and an invariable result of conditions such as exist to-day, the more likely this year because of the severe economies of past seasons.

Wheat has advanced rapidly and materially. Under excitement the advance may be carried too far and be overdone; if so, the result would work harm to all interests affected. We have a large crop to sell. Piling it up in sight would be an unsafe expedient—one we have tried several times in the past and lost money at it every time. September wheat closed Wednesday at 88$ cents a bushel. Ou Thursday September sold at 90$, closing at 89$ cents. Yesterday the price for September closed at 88 cents. Cash wheat at the same time was quoted on Wednesday 94$ cents, on Thursday 96 cents, on Friday 94$ cents. It appears that reports of the shortage in Europe are in­terpreted as showing a larger deficiency in­stead of smaller than the early accounts made it. The latest information seems to put beyond question that Austro-Hungary and France instead of being in the ranks of exporters, this year will need to import a good deal of wheat, and that Russia’s contri­bution to Europe’s wants will be materially less than usual, while supplies from India and Argentina will be lacking. Crop news in the United States the current week is better all round—East as well as West. Even the reports with regard to corn are greatly improved. Our latest telegrams with refer­ence to the cotton condition would indicate that the situation is somewhat spotted, but on the whole more promising. It should be said, however, that at this period of the year it is always especially difficult to get exact information with reference to this staple. No doubt drought has done harm in parts of Texas and Arkansas and Oklahoma as well as in smaller sections elsewhere, though this week’s rains have relieved the situation somewhat.

The report of the Agricultural Bureau at Washing ton, issued on Tuesday, now makes the outlook for all the leading crops, with one exception, better than at the corresponding date last year. This is quite a change from the situation last month, but as noted in our issue of the 17th ultimo the weather in July last year was generally unfavorable for the crops, and as a consequence there was a large decline in condi­tion then, excepting only in the case of corn. This year the weather was much more propitious, and while in one or two instances the averages of condition have declined from the figures in July, the falling off

has been small as compared with that of last year during the same period. Thus spring wheat is reported 4'5 points lower than in July, making it 86-7 now, but this latter compares with only 78-9 in August 1896. The average for oats, too, has been lowered a little during the month, but stands nevertheless at 86, against 77-3 last year. For cotton the average has been raised a trifle, and at 86-9 compares with 80’1 in August 1896. The condition of corn, too, has improved somewhat, but in this case the average falls nearly a dozen points behind that of last year, being 84-2, against 96. There can be no doubt, however, that the crop—barring an early frost—will be a large one, even if it should fail to reach the exceptional proportions of the crops of 1896 and 1895. In the two States regarding which there has been the most talk of damage, namely Kansas and Nebraska, the condition is put respectively at 70 and at 84. This shows that the reports of damage were in both cases exaggerated, for even at 70 the promise is for a crop of considerable size in Kansas. A com­parison with previous years of the com averages for the leading producing states is printed on page 289 of to-day’s issue. With respect to wheat, in which interest so strongly centres at the moment, the Bureau’s figures are calculated to mean a total crop of winter and spring wheat of 450 million bushels. It is a striking commentary on the reliance placed on these Bureau indications of the yield that private estimates of well-informed parties fix the yield fully 100 million bushels larger. Be the yield what it may, the world will need every bushel of it.

The iron trade is not lagging behind other indus­tries in manifesting signs of a changed state of things. It may be questioned whether in the present revival wheat rather than iron has not been the true barometer of the industrial situation, but at all events the iron trade is giving evidence that it, too, is feeling the passing away of the low pressure area. Prices for iron and steel do not as yet show any considerable improvement, but the tone is getting to be quite confident and inquiries as well as purchases are on an increasing scale. The monthly record, too, of the “ Iron Age” of this city shows that iron production is again on the increase. The Age reports 152 furnaces in blast August 1 against only 145 July 1, and the ca­pacity of the active furnaces is now 165,378 gross tons per week against 164,064 tons a month ago. But the most satisfactory feature is that stocks of iron have at length begun to decline. The “ Age ” gives the amount of the stocks, sold and unsold, for August 1 only 933,958 tons, against 1,004,612 tons July 1 and 1,050,252 tons June 1.

Perhaps the best evidence of the improvement in the railroad situation which has occurred and the hopeful view of the future entertained by railroad managers is furnished in the way in which one company after another is finding it possible and prudent to enlarge its dividend distribution or to re-enter the dividend ranks. We have referred to a number of instances of this kind recently, and this week we have had another addition to the list. The Canadian Pacific, after having paid in October 1896 and in April 1897 semi-an­nual dividends of only 1 per cent, has now de­clared a dividend of 1$ per cent, payable next October. According to the company’s returns of earnings this increase in distribution is fully justified. On the operations of 1896 the company earned according to the rigid methods of accounting

A ugust 14, 1897. j THE CHEONICLE. 253now practiced by the management somewhat over two per cent for the stock. The present year earnings have been increasing very fast. For the six months to June 30 the addition to the gross has been $561,- 041, and the most striking feature connected with this growth in revenues is that it has been attended by an augmentation of only 82,785 in expenses, so that the improvement in the net has been almost as large in amount as in the gross, the exact figures of increase being $558,256. Moreover the gains are still going on, the statement of the gross for July showing an in­crease of $302,425: the result as to the net for this month will not, of course, be known for some time.

A word of cantion against indiscriminate buying of stocks on the Stock Exchange seems not out of place at the moment. Now that the better class of share properties have had a very substantial rise, the “ cats and dogs” are being trotted out, and the speculation is so broad and the feeling so confident that it seems possible to find a market for almost anything. The feature this week lias been the way a number of low- priced shares have been taken up, one after another, and their prices advanced in a few hours to two or three times the original quotation. Some of these stocks have heavy assessments hanging over them, others repre­sent properties in receivers’ hands where it can not even be knowu whether on reorganization the equity of the stock will be recognized, and still others have absolutely no value whatever. In illustration of this latter statement we may refer to the dealings in At­lantic A Pacific stock. This stock suddenly became active on Thursday, and in a short time the price rose from | to 1.1, the aggregate sales for the day reaching6,000 shares. The price subsequently dropped back to

but yesterday 2,125 more shares were disposed of at |@|. What attracts attention to this stock is that the property of the old Atlantic & Pacific (Western division) has been foreclosed and been acquired by the Atchison, which now operates it, and the equity of the stock in it has consequently been wiped out. The buyers of the stock, therefore, are buying a thing with­out value. And this should be a warning against pur­chasing stocks without first making an investigation as to their merits. The mere fact that a stock is still­ing at a low price is no evidence that it is a good purchase. It may, as in this instance, be valueless, and thus be dear at any price.

Money on call, representing bankers’ balances, has loaned generally at 1 to I) per cent at the Stock Ex­change this week, with rather larger transactions at J) than was the case last week, but the average has been about H per cent. Hanks and trust companies marked up their rate- to 1 |fn 14 per cent early in the week, and they have maintained thorn. The development of a better inquiry for time money early in the week re­sulted in an advance in rates on good Stock Exchange collateral to 2@24 per cent for sixty days, 2|<&,3 per cent for ninety days, 3 per cent for four and 34 per cent for five to six months. At these figures there was a fairly good business done, the foreign bankers placing comparatively large amounts, the proceeds of sixty to ninety day bills sold in anticipation of covering with grain or cotton drafts, or both. The advance in rates for money on time tended to make those for commercial paper firmer. Brokers reported thit while there was a slight increase in the offerings the demand was only moderate, and the principal business was done at 4 per cent as the lowest. Quotations are per cent for sixty to ninety day

endorsed bills receivable : 3 f@ 4 ) per cent for first class and 44@3 per cent for good four to six months single names. Banks having the largest correspon­dence with the interior repoid very encouraging busi­ness conditions in the South and "West, and a move­ment of money to those sections, some of which is in response to re-discounts, wdiile other amounts are sent directly for crop purposes. It is thought likely that this week’s statement will show a somewhat larger movement of currency to the interior.

The assassination of Canovas del Castillo, Prime Minister of Spain, which occurred on Sunday, had somewhat of a disturbing effect upon the European financial markets on Monday, but the excitement soon subsided. The London discount market was subse­quently influenced by prospects of gold exports to- New York later in the season, and this had some effect upon the security market. TheBank of England minimum rate of dis­count remains unchanged at 2 per cent. The cable reports discounts of sixty to ninety day bank bills in London 14 per cent. The ■ open market rate at Paris is 1$ per cent and at Berlin and Frankfort it is 2f per cent. According to our special cable from London the Bank of England lost £366,- 778 bullion during the week and held £35,619,530 at the close of the week. Our correspondent further ad­vises us that the loss was due to the export of £273,- 000 (of which £253,000 were bars sold in the open market and £20,000 shipped to Malta) and £168.000 net sent to the interior of Great Britain and £74,000 im­ported from Australia.

The foreign exchange market has been weak and declining, influenced by free deliveries of commercial bills on contract, by offerings of bankers’ sixty and ninety day sterling in anticipation of covering with grain or cotton bills, and by a comparatively light de­mand. Spot drafts against grain were reported somewhat scarce owing to the delay in shipping, and from other causes. The selling pressure relaxed on Wednesday, causing the market to close a trifle steadier for the first time since the decline began on August 2. Com­paring nominal rates ruling at the opening on that date with those of yesterday, August 13, there has been a decline of 24 cents in sixty day and o f 14 in sight, the adder difference betweenlong and short being partly accounted for by dearer discounts in London and partly by the relatively greater pressure of long bills. Com­paring rates for acta d business July 31 with those on August 13 there has been a fall of 2 f cents in long and of i-| cents in short and in cable transfers. On Thurs­day the movement was irregular, with some indications of still lower rates, especially for long sterling. Yes­terday the market continued weak at irregular de­clines for actual business. The range for nominal rates on Monday was from 4 851 to 4 80) for sixty day and from 4 87 to 4 874 for sight. On Tuesday the range was from 4 84) to 4 86) for the former and from 4 86) to 4 87) for the latter. On Wednesday and Thursday the range was from 4 84) to 4 85) for sixty-day and from 4 86) to 4 87 for sight. Yesterday the range was 4 84)@4 85 for sixty days and 4 86)@4 87 for sight. On Monday the market opened weak, with rates for actual business half a cent lower for long and short, compared with the close on Friday of last week, at 4 84)@J 84J for the former and 4 85|@4 86 for the latter, while cable transfers were off one-quarter of a cent at 4 86)@4 86). On

254 THE CHKONIOLE. JVOL. L X V

Tuesday there was a further decline of half a cent for long, to 4 84@4 841, and of a quarter of a cent for short and for cable transfers, to 4 85i@4 85J for the former and 4 86@4 861- for the latter. No change was made in rates for sterling on Wednesday, but francs and marks were lower. On Thursday the mar­ket closed easy in’ tone at unchanged rates for actual business. Yesterday there were further declines of one-half cent in long and one-quarter cent in cable transfers, making the rates 4 831@4 83f for long, 4 854@4 85J for short and 4 85f@4 80 for cable trans­fers. There has been some talk of gold imports from Europe based upon prospectively lower prices for sterling, but bankers regard such imports improbable until sight exchange falls to 4 83£@4 84. The fol lowing shows the daily posted rates for exchange by some of the leading drawers.

IAAILY I'OSTKD KATES FOB FOBEION EXCHANGE.

Fri Mo n .. TU£5.. w = - . . Taira., FBI..Aug. 6 Aug. 9. Aug. 10. Aug. 11. Aug. 12. Aug. 13.

Brown Bros........ 86 ? 6 * 84* 8 4* 84* 84 *Sight.. 87 87 8 6* 86* 86* 86*

Baring. 60 days. 8 0* 8 0 * 86* 85 85 85Magonn & Co.. Sight... 67* 8 7* 8 7 * 87 S7 87

Bank British 60 days. 86 8 6* 85 85 85 S i*No. America.. ! Sight.. . 87 87 8 6* 86* 86* 86*

Bank of 60 days. 66* 8 0* 8 5 * 85* 85* 85Montreal......... Sight- 87* 87 * 87 87 87 8 6*

Canadian Bank 60 day8. 86* 66 * 86 65* 85* 85of Commerce.. Sight.... 87* 87 * 87 87 87 8 6*

Heidelbach, Ick- 60 days 8 6 * 85* 85 85 85 8 4*elheimer A Co. • Sight.... 87 * 87 86 * 86* 86* 8 6*

Lazard Freres... i 60 days, f Sight....

86*8 7 *

So * 87

8686*

8580*

8586*

858 6*

Merchants’ Bk. S 60 days. 87 CG ’ 86 mri85* 85

of Canada.. 1 Sight.... 88 87 87 87 86 *

The market closed weak on Friday with the range for nominal rates 4 844 to 4 85 for sixty-day and 4 86£ to 4 87 for sight. Kates for actual business were 4 83£@4 83J for long; 4 85£@4 85f for short and 4 85f @ 4 86 for cable transfers. Prime commercial bills were 4 83@4 83£ and documentary 4 82£@4 82J.

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

W eek Ending August. 13, 1897. Received by V, T. Banks.

Skipped by NT. Y . Banks.

Net Interior Movement.

$3,569,000292,000

$2,619,000 Gain. $950,000 287,000 Gain. 5.000

Total gold and legal tenders___ $3,861,000 $2,906,000 Gain. $955,001

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

Week Ending August 13. 1897. IntoBanks.

Out of B mks.

N et Change in B ink Holdings.

Backs’ Interior *novemont,a8 aboveSub-Treasury operations....................

Total gold and legal tenders........

$3,861,00014,900.000

$2,906,000 Gain. - 955. <>0 16,000,000 Loss. 1,100.000

$18,761,000 $18,9u6,0()(): Loss. $145,OnO

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

Bank <rfAugust 12, 1897. Ausuet 13, 1896.

Sold. | Silver. | Total. Go Id. Silver. Total

Bn gland.........France--------Germany*. . . . AusL-Hung'ySpain...........Netherlands. Nat.Relglum*

£ | £85.619 63081.260 636 49.005 42528.600.000 14.783.t0037.013.000 12.55*0,0009.012.000 10,430,0002.632.000 6,895,000 2,805,383 1.132,667

£35.619.530

130.265,931 43.3J3.000 60,212.000 19,412,000 9,527,000 4,2 8 000

£47,138.60082,971.5*930,310,U0027.872.0008.406.0002.634.0002.701.000

£

50,093.122 15,3:i0.000 12 888.000 10.9 <0,0< 0 6 S31,0< 0 1.862,000

£47.138,60'

133,064,671 45,610,000 40,7*10,0* 0 10,398 0<K 9,515.0< i 4 056.0

Tot.tbls week W7.H02.3-B P5.O05 0«2 292,697.101 202.036.U9 Tot. prev.w-k 197.039.4B5 95.316.024 202.384.619 201,004,625

97.534.122 P8.187,011

299,570,271300.151.660

'T h e division (between Bold and silverl given in our table ofoolnand bullion In tbo Bank of Germany and the Bank of Belgium is made from tlio beat estimate we are able to obtain; in neither case is it •Claimed to be aoourate, as those banks make no disUnotl in in their •weekly returns, merely reporting the total gold and silver, hut wo be­lieve the division wo make is a olose approximation.

N o t e .—Wereoelve the foregoing results weekly by oable, and while not all of the date given at the head of the column, they are the re­sume Issued noarest to that date—that is, the latest reported iignres.

FALL IN SILVER AND ITS RELATION TO GOLD PRODUCTION.

Two changes, perhaps the most conspicuous affect­ing industrial affairs in action to-day, are the marked decline in the value of silver and the marvelous increase in the production of gold. One can hardly think of these movements without bringing them together as different parts of a single operation. It seems almost as if the two metals, by some natural law or some inherent power, were themselves active in working out a problem about which the inhabitants of the world have for years been at odds. The results at least we know; that in the course of events gold production is so rapidly increasing as to ensure for the uses of commerce double its old stock within a very few years, giving promise of an abundant supply for all cur­rency wants of all nations as year by year they shall range themselves under the gold standard as in the end they all inevitably will; this, we say, is inevitable, not only because of this enlarged body of gold ready for use, hut because silver is necessarily and notoriously becoming daily more and more unsuited to occupy that field other than for subsidiary purposes.

Japan, while doing for itself what was obviously its interest to do, unintentionally dealt the hardest blow to silver that metal ever received, by fixing attention upon certain misconceptions widely misleading. Its action was the voluntary action of one of those East­ern nations which we have been told were getting rich through their silver currency, and particularly out of the United States, and told this so long and so often that the public were almost made to believe it was true. Yet that wide-awake, jirogressive Eastern people threw to the winds these imaginary profits and at great cost enrolled itself among the gold nations of the earth. India’s suspension of coinage exerted much less moral influence because it was in reality the action of Great Britain. It did not take India out of the silver market or change the sentiment of the peo­ple towards that metal. On the other hand, Japan’s action, as we have said, was voluntary. Then again, what was of even greater* influence, it brought out clearly the situation of all the governments which have adopted the gold standard in recent years. It plainly fixed the fact upon public attention that Japan had silver to sell and clearly fixed the price at which it would sell it. So plainly did it say this that, the world’s market for silver at oneb took the hint and realized the exact situation the meial was in there and elsewhere . Japan established a ratio of 32-348 to one (equivalent to 29 3-1 Cd. for silver per ounce in London), at which six months after notice it would redeem its silver dol­lars ; in the meantime they were to remain a legal tender.

What did this action by Japan mean? It meant that Japan was going to realize on its silver currency. It was going to redeejn it, and as that country was not rich enough to hold so much floating capital idle it must recoup itself by selling its redeemed silver as bullion. What kind1 of evidence did the world give of the interpretation it put upon this action ? Most ob­vious and convincing evidence. On Saturday, the 27th of February, the quotation for silver in London was 29 ll-16d., just -£d. above Japan’s selling price; Monday, the first diy of March, on receipt by cable of the announcement of the adoption of the scheme by Japan the price at 6nce fell to 29§-d. and kept on de­clining day by day, reaching the upset price of Japan,

A ugust 14, 1897 J THE CHRONICLE 2ho29 3-l6d., on Thursday March 11th, and on Saturday, March 18, 29 1-1 fid., and on Tuesday, March 16th, it had gotten down to 28fd.; since then the market has merer, except temporarily, stopped the decline which began on that fatal Monday, bnt has Kept up the movement at a quickening pace, the quotation reach­ing last Friday, August 6th, 25§d., and this week, Tuesday. August 10, 25|d. Was there ever a com­mercial event that wrote its character upon the face of affairs more indelibly than this has done?

These facts and transactions are moreover a proph­ecy as well as an immediate depressing influence. Thev expose a weighty truth and foretell that the worst has not come yet. Silver is this time going low enough to materially stop production. .Japan’s action, as we have said, has opened the eyes of the world to the situation. It has been not exactly a disclosure, for the facts were already known but not heeded; it was an emphatic and therefore a startling announce­ment, the setting up of a danger signal which no ob­server could avoid noticing. It said plainly that nearly every nation in the world except Groat Britain had, just like Japan, an old stock of silver to sell, the only difference being that the others conld perhaps hold it longer because richer; but confidence iti the stability of the metal has now been so utterly de­stroyed that should the price go materially higher every one of them would be in the market as sellers. We have many times called attention to this threaten­ing and developing agency: the I860 experience of this country proved its character, and every new State that has since entered the ranks of the gold nations has added to its gravity. No one need- to urge ii now; the fact is patent to the whole world. France is holding a mass of silver, a very large stock of it in sight that cannot be kept in circulation, and must at some time get relief. In much the same shape are the other Latin nations; Germany has a considerable stock, which until sold is a harden ; Austria another : indeed the world is full of these old accumulated heaps out of use waiting to be converted.

The Eastern world, too, is getting restive. The late plague did more to remove the hallucination in India with reference to silver than any previous event has done. When the people, in their want, weighed down by famine and sickness, brought their silver trinkets for sale, they were startled to find how little they received for them. It has been stated that this revelation was one, and not the least, among the many influences which have caused the unrest that is now so promi­nent a feature among the people of India. Whether that be true or not India will not always remain in ignorance. A further notable fact is that China is taking almost no silver this year. The Chinese do not learn fast; but the action of so near a neighbor as Japan, one with whom China has just been at war and been impressed through the event of that war with the great advantages the adoption of Western ideas gave Japan—a nation, too, with which China’s commerce is at so many points in touch, the Japanese silver dollars having always been circulated in China in large num­ber-— the action of such a nation cannot hut be known, felt, and, sooner or later, followed. It is reasonable to believe that it is having an influence already.

We might go on suggesting other facts confirming the truth already brought out, that the use of silver as a standard for exchanges 1 v any nation cannot be continued much longer. Enough, though, has been said on that point—enough to show the peculiar

timeliness of the large increases in the production of gold and to make it evident that at this juncture every new producer of that metal is a harbinger of de­cided benefits to the world’s commerce. We have never been among the number who have claimed that there was an abundance of gold in sto.ck to supply a currency basis for all countries and carry on smoothly and comfortably the world’s exchanges. The larger stocks of the metal the banks hold, generally cited as proving abundance, are merely accumulations made to safeguard themselves and the trade centres they act. for against the added dangers and difficulties the new situation has introduced; that this is true the extreme nervousness they feel and show over the loss and even the mere prospect of the loss of a few pounds sterling, and the premium they put upon gold to stay its outflow or to draw it towards them are the best evidence; such conditions and acts are by no means indications of plenty but the clearest proof of scarcity and want. As we said on a former occasion, one might just as reasonably cite Joseph’s stores of wheat in Egypt collected through a fear of famine as a sign of profusion, as to cite in proof of that condi­tion these stocks of gold in bank, collected, retained and when possible increased, in response to the added strain the new condition of things lias put upon com­merce.

Under all these circumstances nothing conld be more gratifying than the large additions to the annual supplies of gold which the production of recent yearshas brought in sight. It is a very satisfactory fea­ture, too, just when silver was declining so rapidly, taking away every hope of any permanent use being made of that metal in any country except for subsid- diary coins, that Alaska, as a substantially new source of supply, should suddenly assume prominence, while all the old producers likewise should give fresh and undoubted evidence of an increased yield. A fact of interest and worth citing in connection with the discoveries in Alaska is that 1887 was the first, year any record was made of Africa’s production, and then it reached only 28,754 ounces; even in 1890 the total output of that source of supply was less than a half a million ounces. Only five years later, however, in 1895, the product had expanded to 2,115,138 ounces; in 1890 the devel­opment was curtailed for well-known reasons, and hence the increase was small, the total product aggre­gating only 2,155,384ounces. That was though merely a temporary set-back; the current year, if the same rate of progress is continued as has been made the first six months, the total output will be about 2,050,000 ounces or an increase over the previous year of about500,000 ounce- , or expressed in value $10,335,000, bring­ing the total of Africa’s product up to 854.775,000.

But leaving out of consideration any great addi­tional development in Alaska and taking as a guide the simple progress of recent years, and especially the large promise of this year from the old sources of sup­ply, even this gives a result which is truly surprising. The dimensions of the recent growth can be stitdied better if we consider the totals for the whole world, for the increased production which has yielded this larger supply has been shared in by almost every gold- producing country. It began, say, in 1891. In the previous year. 1.890, if we use the Mint report totals, the ounces were 5,749,30(5, valued at 8118,848,700 j in 1891 the ounces had risen to 0,320.194, valued at 8130,050,000; in 1895 the ounces were 0,694,640,

256 THK ' H R O M C L E [Vdl. uxv.

■valued at $200,406,000; while in L896 our own compila­tion made in January (the Mint figures are not out yet) gave the ounces at 10,101,497, valued at $210,118 ,849 ; If one were to attempt an estimate according to present promise for 1897, a much larger increase than in 1890 would Jje authorized; a fair total would, we think, be $250,000,000.

We need not say that these figures indicate a progress which is far beyond anticipation. Before 1891 there had been substantially no growth, and the public had settled down to a belief that there was to be none. Begin­ning with 1871 and ending with 1890, very little change is noticeable. Aggregating the production of those years into five-year cycles, the last of them, 1886 to 1890, both years inclusive, reached only about 27 million ounces for the five years (or an annual aver­age of 5.1 million ounces), and this compares with about 244 million ounces (or an annual average of about 5 million ounces) for the five years ending with 1885, and 25 million ounces (or an annual average of about 5 million ounces) for the five years ending with 1875; but coming down to the five years ending with 1895 the total of ounces has risen to over 39 million. In the following we give the ounces and values in dollars for each five-year period to 1890, inclusive, with the percentages of increase or de­crease, and following these add the subsequent years singly, with the same details. We add to the table imilar facts for the year 1897, reminding the reader

that they are of course estimates based, though, on considerable knowledge of the results for the first six months of the year.

.--------------- -------------------- Y ie ld . ------------------------------------ .A n n u a l P e r c e n t o f

T e a r s . O u n c e s . D o l l a r s . a v e r a g e . D ie . o r D ec .8 7 1 - 7 5 ................ 2 4 , 9 4 2 ,2 9 7 5 1 5 ,6 0 4 ,0 0 0 $ 1 0 3 ,1 2 0 ,8 0 0 ....................

1 8 7 6 8 0 ................... 2 6 , 7 0 0 ,8 5 2 5 5 1 ,9 5 5 ,6 0 0 1 1 0 ,3 9 1 ,1 2 0 I n c . 7 11 8 8 1 -8 5 ................. 2 4 ,6 9 9 ,1 5 7 5 1 0 ,5 7 6 ,9 0 0 1 0 2 ,1 1 5 ,3 8 0 D e c , 7 51 8 8 6 - 9 0 .................. 2 7 ,3 0 6 ,4 1 1 5 6 4 ,4 7 3 ,6 0 0 112,891,720 rn e . 10 51 8 9 1 ........... 6 ,3 2 0 ,1 9 4 1 3 0 ,6 5 0 ,0 0 0 1 3 0 ,6 5 0 .0 0 0 I n c . 9 91 8 9 2 ........... 7 ,0 9 4 ,2 6 6 1 4 6 ,6 5 1 ,5 0 0 1 4 6 ,6 5 1 ,5 0 0 I n c . 12-21 8 9 3 ......................... 7 ,6 1 8 ,8 1 1 1 5 7 ,4 9 1 ,8 0 0 1 5 7 ,4 9 4 ,8 0 0 I n c . 7 -41 8 9 4 ........... 8 ,7 8 3 ,3 4 2 1 8 1 ,5 6 7 ,8 0 0 1 8 1 ,5 6 7 ,8 0 0 I n c . 1 5 31 8 9 5 ........... 9 ,6 9 4 ,6 4 0 2 0 0 ,4 0 6 ,0 0 0 2 0 0 ,4 0 6 ,0 0 0 I n o . 1 0 41 8 9 6 ........... 1 0 , 1 6 4 ,4 9 7 2 1 0 ,1 1 8 ,3 4 9 ' 2 1 0 ,1 1 8 ,3 4 9 I n c . 4 -91 8 9 7 (eatm’d ) . 1 2 ,0 9 3 ,7 7 0 2 O.OOO.OQO 2 5 0 ,0 0 0 ,0 0 0 Inc. 18 9

N o t e —Percentages above are reckoner! on the previous year’s yield or during live-year periods on the annual average.

The foregoing statement shows highly gratifying con­ditions—especially gratifying to those who know and feel the benefits of a currency the world over based on the same standard. Even if there was to be no increase after 1897, four years of the production of that year would add to the world’s stock of gold one thousand millions of dollars, less the consumption. The Director of the Mint in his last statement made the world’s an­nual consumption a little over 58 million dollars. Con­sequently if we assume the annual increase in produc­tion hereafter will average only sufficient to take care of the consumption, for the four years the world would add to its old stock (heretofore estimated at four thousand million dollars) one-quarter of that amount. Does not that statement give the promise of solving many difficulties which, have vexed commercial classes ever since 1873. Yet the promise just now is that the annual increase in future years will be much larger than we have assumed.

CUBA AND THE DEATH OF CAHOY AS.The first and unanimous sentiment among those

-who received the news of last Sunday’s assassination of the Spanish Premier, Canovas del Castillo, was horror aud indignation at the deed. This murder was

I

similar, as respects its wanton wickedness, to the mur­der of President Carnot on June 24 1894. The as­sassin did not even, like the murderer of Alexander II ., pretend .to voice the protest of a portion of so­ciety against distinct wrongs and cruelties of the Government. As in the murder of the President of the French Republic, the act was nothing - ut a piece of desperate defiance of government itself.

But the assassination of a ruler never accomplishes the pretended purposes of the agitators. Usually it defeats them. If the murdered sovereign, president or minister is a wise and upright statesman, there is a considerable chance that the case of the aggrieved subjects under his successor will be worse. The Nihilists of 1881, for instance, might quite as well, so far as any actual advantage was con­cerned, have placed a bomb under their own organization • as under the carriage of Alexan­der II. Booth’s act postponed for many years the harmonious reconstruction of the South. As a rule, the policy of repression, if any such policy existed be­forehand, will be redoubled after such an act. Society, in short, draws together for the protection of its own existence, and is sometimes not over-particular as to the means employed to guarantee such protection. Probably this will be the result in Spain. Whether the home institutions which Canovas built up will be shaken by his sudden removal from the scene is perhaps worth a question; they will, however, certain­ly be less affected than if the Premier had died peace­fully. But it can hardly be doubted that his death foreshadows radical change in Spain’s colonial relations.

Canovas stood for the maintenance of the Spanish monarchy, for the retention of authority at Madrid, and hence for firm resistance to the demands of Span­ish provinces for a larger voice in legislation, and of the Spanish colonies for autonomy. In any other modern State than Spain, he would have properly been, styled a reactionist. It is open to question, however, whether he did not judge the Spanish character better even than his progressive countryman, Castelar. The republic was tried in Spain, and was a dismal failure ; it reduced the central Government to impotence, the provinces to guerrilla warfare and the colonies to in­surrection. It was abandoned in 1875 by the resto­ration of the young king, and its abandonment was greeted with a sigh of relief by all classes of law- abiding Spanish citizens. The Car list insurrection in the North was put down with a strong hand and Cuba was pacified.

Beyond the point, however, of maintaining royal authority, domestic peace, and the integrity of the Spanish dominions, Canovas as a statesman accom­plished very little. He d d not succeed in checkingthe tendency to public es ernment annual' expenses tween 1878 and 1886. in our times and apparen control of any eontempoi ovas cannot, perhaps, be

£>travagance; under his gov- increased ten per cent be-

This is a tendency so general ly so completely out of the ary public leader that Can- ndividually criticized. Some

economies were introduced in more recent years, while Canovas was out of office; hut the revenue fell with them, and the annual defitit of $8,000,000 to $10,000,000 was continued. Two years ago, such was the increase in the public debt 40 pel cent of the annual expendi - ture consisted of interea on this fund.

Whether Canovas wasjor was not responsible for th e continual shortage, he( was destined to suffer most heavily from its consequences. The problem of the

A ugust 14 1897.J THB (TETKONICLIi. 257exchequer wa? the oust serious of all perplexities when Canovas was called to office to meet the Cuban crisis in the spring of 1895. From the Spanish point of view he laced this crisis with great courage. Against the odds of an almost bankrupt exchequer, a guerrilla warfare in the colonic?, and the constant possibility of a diplomatic breach with the United States, he pursued an undeviating policy, and achieved in the loan market, in politics at Madrid and in diplo­macy at Washington, result? which had previously seemed impossible. But in the most important object of all—the pacification of Cuba—he failed, and it is his very obvious failure there which throws so great doubt over the possibilities in the way of his suc­cessor.

It cannot be denied that the Cuban policy counte­nanced, if not contrived, by Canovas, was a policy of little mercy, verging sometimes on barbarity. Gen­eral Weylers appointment to the Governor-General­ship over the head of the humane Martinez Campos was at once accept'd as reflecting the Madrid Minis­try's determination to starve out the island, to leave it a waste if necessary, but at any cost to sappre--- the rebellion. From a purely military point of view there were reasons for such policy. Oatupo? and Weyler had to deal, not with organized armies, but with guerrilla bands which would gather sud­denly in the mountains, make a dash into tin- enemy’s lines, then disperse into the wilderness before the royal troops could be fairly organized for battle. The kind of fighting which drove the Allies ant of Spain in 1? 12 and which upset the plans of some of Napolenn’ - best marshals a century later has been employed by these colonial Spaniards against the Spanish regulars themselves. It was impossible to defeat by force of arms and military tac­tics an antagonist who refused to grant a gen­eral engagement, who had neither an organized army nor a regular headquarters. The policy of starving the insurgent? into submission, of destroying all possible sources of sBpplies, of suppress­ing alt attempts to arm or victual the guerrilla troops, necessarily involved the policy of Waning productive agriculture on a great part of the island. It w h ?,

however, the only policy, short of a treaty of peace with the insurgent leaders, which had any reasonable prospect of success, and the proposals of the Spanish Government for peace on the basis of larger reforms in Cuban administration had already been rejected by the Cubans.

What may be called the siege of Cuba was therefore deliberately undertaken by Canovas. The policy was rigorously and consistently pursued, in the face of protest at homo against the enormous expense and of protest abroad against the harsh military administra­tion and against the ruin to Cuban trade. A year ago conservative financial critics estimated the cost of the Cuban war to Spain at $5,000,900 monthly; it has in­creased in cost since then. What this meant to an exchequer which has not been able during twenty year# of peace to make both ends meet may be im­agined .

It may therefore reasonably be doubted whether any Spanish statesman would be willing, at this time, to take on his shoulders thi enterprise which, even with the skilful and resolute support of the late Premier, was apparently approaching collapse. In fact, |f the Opposition are returned to power in the Cortes, they have already publicly taken a position of

disapproval of the extreme policy of Canovas and Wevler. The responsibility of office sometimes en­courages forgetfulness of criticism or promises made in opposition; but in the present case the consistent path seems also to be the only path possible.

It can hardly be supposed, however, that even the most pacific Spanish Ministry would begin by hinting at Cuban independence. Spanish national pride is too keen and the losses already suffered in the contest are too great, to make possible any other result than indig­nant rejection of such a plan by the Spanish legis­lators. IVhat is more probable is that the good offices of the United States—tendered both by the McKinley and Cleveland administrations and re­jected by the Canovas Ministry—will now be at least tentatively ae-opted. That Spain has pursued the policy of controlling the trade of its col­onies and exacting tribute, direct or indirect, is ad­mitted by mo?t unbiased critics as a prime source of the Cuban troubles. This, with the virtual exclusion of native Cubans from the administration of the col­ony's finances, was an unquestionable grievance. As the London “ Economist” has pointed out, it was this policy which lost Spain its American colonies on the mainland, early in the century, and it might be added that a similar policy, a century ago, cost Great Britain its American dependencies.

This policy, if it i- not to he entirely abandoned, must apparently be modified in a very radical degree, and the standing offer of the United States gives the opportunity. Our country ha? proved by its official ac ts that it occupies a proper attitude of neutrality, but it has twice warned Spain that there must be some limit to this war of devastation in our seas. Very few people in this country wish to see Cuba annexed to the United States, and the majority of thinking citizens would look wit h great misgiving on its creation into an independent State. But that a very large measure of home rule must be granted hv Spain to the dissatis­fied colony -••■•m-. under the circumstances, inevitable.

.O'1-1............ ........—------------------' m < At;o ,(■ VORTH WESTERN / V A YEAR

OF DEPRESSION.Peculiar interest attaches to the reports of our rail­

road? now coining to hand for the lute fiscal year—in the case of most companies the year ending June 30> in the case of the Chicago & North Western the year ending May 31. According to all accounts, the con­ditions in the new year will bo in marked contrast frith those which prevailed in the late year. In this latter period great depression was the ruling character­istic. Now the indications all point to a decided im­provement. But while in one sense the showing for the late year reflects entirely the past, in another sense it is indicative of the future, showing what bright,

• anticipations may reasonably bo entertained With re­gard to the ensuing twelve months. In other words, if a property has been able to do well under the trying experience? and circumstances which have beset the railroad industry in the immediate past, its future may be looked forward to with entire confidence.

And it is this fact— that so many of our railroads have been able to present quite satisfactory exhibits un­der such adverse conditions—that makes the outlook appear so hopeful for the roads now that the situ­ation has changed. Memories are short, and many of us have, no doubt, already forgotten what our carriers had to contend against during the late fiscal year. It is well to recall then that the twelve

2o8 THE CHR0N1 LE. [ V O L . L X V .

months ending May 31 cover the period of the silver campaign and Presidential election last year when all our industries were stagnant and business in certain lines almost came to a standstill. This of course means that there was a great con­traction in the volume of business, that the interchange of commodities between the different sections was greatly diminished, and that, as a result, railroad traffic and railroad earnings suffered a heavy shrinkage. With the triumph of the Sound-Money cause at the November elections, an immediate revival came, but this was disappointing in that it was not prolonged and that it did not assume the dimensions expected. Hence 1897 opened under rather gloomy surroundings. The tariff agitation in the later months did not tend to relieve the situation, and thus it can be truthfully declared that at no time during the period of twelve months which we are reviewing did the vol­ume of trade or business reach normal proportions.

As far as the roads in the section of country trav­ersed by the Chicago & North Western are concerned, there was one other depressing circumstance, namely a diminished wheat yield. We know that the grain crops as a whole in the United States were very good last year, as they had been the year before, but in the case of spring wheat there was a considerable shrink­age in the section referred to. The yield in 1895 had been phenomenal; in 1896 it was good,?but not up to the exceptional production of the year previous. The oats crop also fell behind that of 1895. The reduc­tion in the wheat yield was of moment, not so much because it involved a loss in the grain tonnage (for the difference was in part equalized by the large sup­plies still left out of the 1895 production) as because a smaller crop necessarily meant a diminished pur­chasing capacity on the part of many farmers.

The effects of these circumstances are clearly dis­cernible in the report of the Chicago & North Western. In his remarks President Marvin Hughitt says that a summary of the results for the year shows a decrease in gross earnings derived from traffic of 82,511,517, compared with the earnings of the previous year; pas­senger earnings fell off 844-5,249 and freight earnings decreased 82,118,010, with an increase in earnings from mail, express and miscellaneous sources of 851,741. The shrinkage in passenger business, Mr. Hughitt points out, was for the most part due to the decline in first- class travel, and evidenced the dulness and hesitation of business consequent upon the uncertainties of finan­cial and political affairs which characterized the agita­tion of the Presidential election during the greater part of the fiscal year. But the effects of these circum­stances were more disastrously felt in the reduction of freight earnings. The tonnage movement fell off 1,857,251 tons, or 10'87 per cent, in addition to which the reduction in rates (the average per ton per mile having declined from 1-03 cent per ton per mile to 0-99 cent) was equal to a loss of 8903,154 on the reduced traffic of the year.

An analysis of this falling off in tonnage furnishes an excellent illustration of the importance of general business prosperity or adversity in affecting the results on a large system of roads like the Chicago & North Western. The North Western is, of course, distinctively a grain-carrying road, and wheat (including its prod­uct. flour.) must constitute one of the largest items of this grain tonnage. We have stated above that the wheat crop in the road’s territory in 1896 fell much below the extraordinary crop of 1895. Hence if the

question were asked, what accounted for the great loss in freight tonnage noted above, amounting to 1,857,251 tons, it would be natural to get the reply that a decrease in the movement of wheat formed the principal item in'it. But what are the real facts? Of the total decline of 1,857,251 tons, 1.792,526 tons was in the transportation of iron ore and other ores, leaving the net loss in all the other items of ton­nage only 64,725 tons. This great contraction in the ore tonnage was due to the prostration of the iron industry following upon the general depression in business. The decrease in the wheat and flour ton­nage, it appears, amounted to only 5,404 tons, though besides this there was a decrease of 24,931 tons in the oats tonnage and 50.420 tons in the transportation of barley, making 80,755 tons in the three cereals to­gether. This is equal roughly to a loss of 3 to 4 million bushels, which is by no means a small item, and yet how insignificant it appears alongside the shrinkage of over I f million tons in the ore traffic. The corn and rye traffic, it is proper to say, increased 237,000 tons. The differences in all the various other items of freight netted a decrease of 29,749 tons.

With these facts before us, it is easy to venture a guess as to the prospects for the current year. A revival in trade and business such as now seems im­minent will mean an important addition to both traffic and revenues. In the first place, it will assure a large augmentation in the ore and mineral traffic, which on the Chicago & North Western, as we have seen, is a not insignificant item. At the same time, such a revival will also bring with it an increase in the merchandise freight and the general and mis­cellaneous items of freight. In addition, the passenger traffic will necessarily likewise expand. But there is another very encouraging factor operating in the same direction. The farmers, it is almost certain, will find themselves in better position than for many years past. The spring-wheat crop will be larger than that of last year, even if it does not equal that of 1895. This, of course, en­sures a large tonnage in that cereal, for there can be no doubt that the world will have need for every bushel of wheat that we can spare. Furthermore, the farmer will be able to realize excellent prices for these supplies (the price of wheat here in New York having this week touched 90f cents for the September option, with every indication that a high level of prices will continue to rule for months to come), so that his pur­chasing power will be vastly extended as compared with other recent years, and this in turn will mean great mercantile activity in that part of the country.

With such the outlook for the current twelve months, the results of operations on the Chicago & North Western for the past year are found to have been highly satisfactory. Though gross earnings fell off over 2£ million dollars as compared with the year- preceding, the company ns nevertheless able to show a surplus of 81,171,971 op the operations of the twelve- months over and above the amount required for fixed charges and the 5 per cqnt dividends on the common stock and the 7 per cerft dividends on the preferred stock. In the previous year the surplus on the same basis had been 81,851,0^4. The falling off is smaller than might have been expected, in view of the loss of 2£ million dollars in gross earnings. But the com­pany was able to offset pearly 1£ million dollars of this (in exact figures 81,496)313) by a decrease in expenses, and furthermore it deprived 8563,000 from its invest-

A ugust 14, lo»7,] THE UURON1CLE. 259ment in Omaha stock in 1896-7, against only $376,600 in 1895-6, and also derived a somewhat larger income from its other investments. The accounts never in­clude the operations of the trans-Missouri lines, the results of which are stated separately. These lines netted a loss on the years operations of $227,103— that, is, there was a deficit in that amount in meeting expenses, charges and rentals —hut the report states that nearly all of this is due to the extraordinary in­crease of 1204,521 in operating expenses, caused by damage and destruction to a large section of the road in the Black Hills country from a violent cloudburst.

The decrease of 14 million dollars in expenses will no doubt be closely scrutinized with the view to see­ing if it does not to some extent qualify the favorable showing made— that is, does not represent the deferring of outlays which should have been made in the late year. Bat analysis of the expense accounts furnishes no basis for a contention of that kind. The company was not so liberal in some o f its outlays as in the pre­vious year, yet the expenditures seem to have been up to the full requirements of the property for repairs and renewals. Of the total reduction in expenses of $1,496,313, $595,483 was in the cost of conducting transportation, and as bearing on the significance of this we may direct attention to one striking evi­dence of increased efficiency in the operation of the road which the report discloses. We refer to the in­crease in train load that has been established during the last two years. In 1894-5 the a v e r a g e train load was only 117 tons, in 1895-6 there was an increase to 141 tons, and now there has been a further increase to 151 tons. Besides the decrease in the cost of con­ducting transportation, there was a decrease of $1,071,- 781 in the expenditures for maintenance of equipment, but these expenditures in the previous year had in­cluded unusual amounts appropriated in the purchase of new ears; moreover, the falling off in the volume of traffic would necessarily tend to reduce the expendi­tures for repairs. On the road-bed a much larger amount was spent than in the previous year. Perhaps the best way to judge of the sufficiency of the main­tenance expenditures is to take the various items un­der these heads and compare them for a series of years. This we have done in the following:

CMateo * forth Wat trn Ity. im .Mil*-# of road ... ..... 4.031Repute: ami maeswaJ* o f- I

lAmmutUrm ................. . . . . .Fainwnm cart.................... %mM l

cars.. . . . . . . . . . . . . .U*23,40tRmMwakf at wack,mHa k umMM*. 16©

(ferta»ete.... ... i*-i,.»**$Tmrnm. road li& MBaiidlnas............................... 517.710

— —Fotri w . mm.turn.

i.-isctm mJjtmX»M*» 3«,<«0! .*80,873 SUSS2,*mjmm t M .t » 722,511 ISr.TM

Mn m. — ISM. tMl

U W . ’Stfcgmtw

as*, 477 SS%M . issywj

HMt.SSTS

*S.17S/SI

3S1.7 aL k s .i m z.m.nv, m « 3

i-r ,«7 2Sf3.no*

T n t*l.........................................W N J M v m jtt* 8,2SS,«S dJifM B l T,t»7,St3

ImlwPrt 4ttlJ*emOMWm pnr< mm4. . . . . .

** partially reb u ilt

i m *No. i m ,NnU

m

i mNo.

2 t o a t mm

tm .So.25 0 5

S o . Sn tie

*m

F n i t t f b t c u r t purchased . . . . . .** rebuilt .............

its*1 .1 0 7

1 3

tmu m

mmm8*3

6hij s s

7790 2

U M i jam sm m . 871The foregoing shows aggregate expenditures for

repairs and renewals of $6,701,192 in 1896-7, against $7,642,612 for 1895-6. but as against only $5,255,418 in 1894-5. We have added the figures for the two previous years ($6,792,491 in 1893-4 and $7,857,213 in 1892-3). but the comparison in this case is not strictly correct, as the classification of the expenses then was different. On the same basis of classification as at present the totals for those years would we think be $200,000 or $800,000 less. Bearing that in mind, and also remembering that cars, materials and supplies can all be bought cheaper now than a few years ago, the conclusion must be that the 1896-7 outlays have

been a full average. It will be noticed that no less than 1,180 new freight cars were included in the late year, which is larger than for any other year given, excepting only the year immediately preceding. Of course, even though the outlays have been adequate, it would not be surprising to see them expand again materially should present expectations of improving traffic he realized, for it is conservative to regulate the amount according to the prevailing conditions, making them large when revenues are abundant and decreasing them when revenues fall off.

RAILROAD GROSS EARNINGS FOR JULY.Railroad gross earnings for July are indicative of the

great change which has occurred in tire situation and prospects of the railroads. The compilation which we have prepared covering 127 roads with an operating length of 100,859 miles shows nearly 2 million dollars gain over the earnings of the same roads in the corres­ponding month last year. In exact figures the im­provement is $2,205,410, or 5T6 percent. In its gen­eral results this accords very closely with the showing for May, when the increase was $1,942,782, or 5*14 per cent. But in being slightly better than then it is the best exhibit made for any month of the present year. Nor can it be claimed that comparison is with diminished earnings last year, speaking of the roads as a whole. The results then were not ns satisfactory its could have been wished, and a good many of the separate roads re­corded losses, but in the final totals there was a gain of $1,610,012, or 4*0® per cent, and this followed a very heavy recovery in 1805. For the purpose of show­ing how the exhibits have run in July for a number ofyears we annex the following table. .

MVtatt. E arning.. Increaser « r T tar T tar F*Mtx or

o w n . Prrcedin# a itf 9VZ11. Preceding D ccrrau

S ul.. MU**. W«M. s 1 6t i» g ftS S r .« d » )____ PM 17 04.478 4 MOO, 46* 42,055.081 DtO. 1,705,5271*1* <128 road*)____ 28.76? 9*440 30,Ui».:Ut 34,078.977 Dec. 7,088,645184*5 ti2* road*).. m m m m 8R017,839 In c . 5,857,6fe6iw ft 'IS t road*)... 07,881 W1.571 41,017.094 40,007/8 l In c . 1 ,610,012W 7 127 road*)...

Jan. 1 toJunj U .100,850 09,116 ti.WU.840 42.7i8.0P>

1In c . 2,205.410

1*93 (185 ro»d«)u 96.873 94,234 w eu in .oe - **9,345,191 In e . s.Sff*,8«»ISM IU mrvSt).. m j O* 95.491 240,770.718 *288.363./I* Dtc n , ! » u a o1806-ltd toa d *).,.. m ji u 07,022 m . w i a w 2*«,881,098 Inc . 11,705,653I w i M n s i a i L , . » * j m 206,f«#.f0O 250.354.3 IT18071 US-mad*).. 100,802 2«»,fi0i^u0 284 608.189 In c . 4.008.201

What lends additional significance to the favorable showing for the month the present year is the fact that it was obtained in face of one unfavorable influence of large dimensions. We refer of course to the coal strike. Before dwelling, however, on that feature, it will be interesting to note thut in the closing week of the month the showing was yet better than for the full month. According to our usual weekly summary given on another page, the comparison for the fourth week of July on 84 roads indicates over a million dollars gain ($1,026,641), or 10-64 per cent. With reference to the coal strike, while it operated to the advantage of a few special roads, among which may be mentioned more particularly the Chicago Indianapolis & Louisville (formerly the Louisville New Albany & Chicago), the Norfolk & Western and the Chesapeake & Ohio, which had their coal shipments mate­rially increased in consequence of that event, to the roads as a whole the strike teas a distinctly unfavorable development. It did not ex­tend over the whole country as designed by its au­thors. but it was more or less general in Western Pennsylvania, and in Ohio, Indiana and Illinois. There

2 6 0 THE CHRONICLE. | Vox.. LXV.

it had a very depressing effect, very materially reduc­ing the coal traffic of many of the roads, while at the same time causing the closing-down of some manu­facturing establishments because of the lack of fuel, this latter of course operating to diminish the mer­chandise and general traffic of the roads. A few of the roads forming links in the trans-continental routes west of Chicago, and more particularly the Denver Ov Rio Grande, the Rio Grande Western and the Northern Pacific, derived important benefits the early part of the mouth from the holding of the Christian Endeavor Convention at San Francisco, hut this was an influence of extremely limited appli­cation both in point of duration and the number of roads benefited thereby.

Nor can it be said that the grain movement contrib­uted very largely to swell the revenues of the roads. We do not mean by this that none of the roads were materially favored in that way. Some of the roads obviously were. What we do mean is that the gains in certain cereals, and at certain points, were in large part offset by losses at other points and in other cereals, so that in the aggregate the expansion in the grain movement was comparatively small Taking the receipts at the Western primary markets, we find that for the five weeeks to July 31 the deliveries of corn increased 1$ million bushels as compared with last year, and the deliveries of oats 4 million bushels; but that on the other hand the deliveries of wheat fell off 4 million bushels. In this latter case there are only three points—namely Minneapolis, Kansas City and Cleveland—that do not show a decrease. Here is the record of the grain movement in our usual form.RECEIPTS OF FLOOR AND DRAIN FOR FITE WEEKS ENDING JOLT 31 AND

SINCE JANOART 1.

Flour Whea , | Corn, Oars, Barley, R v t(bblt.) (bus*.' | (bush.) (bush.) (bush.) (bush.)

Chicaoo—5 Tka. Julv, 1897 232,122 826,869 11.898,564 10,5*8,755 369,800 193,7845 irks. July, I89ff 233,623 2,680,23? 9.195.66) 7,597,934 305,657 149,791Since Jan.), J89? 1,428.220 2.772.771 46,278,770 55,243.005 0.3LO.315 8«2,87 1Since Jan.l, 1898 1,338,960 0,323.350 44,021,981 52,48-3.878 7,409,105 779,581

M ihoauhee—5 wfcs. July, 1897 186.900 592/90 92,950 1.033/00 43),400 138,4705 irks. July, 1896 257.880 593.902 92.025 1,261,000 135,380 59,40 V

S iace Jan.l, 189. 1. ‘81,660 3,500,179 561.03" 6,237.0 >0 4,2)9,911 707,120lnce Jan.l, 1890 1,741,330 4,020,234 1,310,725 6.478,000 4,527,195 693,4908t. Louis—

5 vrks. July, 1897 90.9 tv 1,271,2 ’O 542,13* 845,605 2,992 8,8055 wks. July, LS9 135.578 2,437.090 1,922.200 831,55 V 6,098 l i .0 19

lnce Jan.l, 1897 705.290 3,165,93- 11.870,772 0,07 ‘.230 679,454 245.831ince Jan.l, 1896 712,248 5,069,313 9,249,801 5,176,443 817,757 87,003Toledo—

5 irks. July, 1897 3,640 1,113,029 740 599 23,433 706 41,3585 irks. Julv, 1896 7.113 1,110,8 0 191,500 13,7o0 22,600 40.8 0S nee Jan.l, 1897 20.617 2,393,827 7,730,926 352.960 700 92.960Since Jan.l, 1896 34,423 2,501,90 2,272,600 65,300 21,3 0 01,80'

D etr o i t—wka. July. 1897 36,950 127,0 7 104,53 ■ 117,102 8,359 23,216irk*. July, 1896 13.250 848.U54 101.853 101,519 19,0 'O

Since Jan.l. 1897 115 HftO 603.327 83 ),13 583.325 309.042 41,684Since Jan.l, 1896 93.591 981,883 932,083 8J5.121 593,265O leveland—

5 -rks Julv. 1897 4.508 282,707 60 953 235,1375 wks. July, 1896 6.741 179,998 81,767 171,3^4S ice Jan.l. 1897 31 480 881,227 65d,299 1.3-9.255 10,972S' ice Jan.l, 1890 26/64 1.192,380 424.615 712,570 16,808

P eo r ia —5 * ks. July, 1897 215 0 27.000 1,147,750 1,022.550 11.2005 vks. July, 1896 23.850 293,300 1,158.750 1,17" 250 10,800Since Jan.l. 1897 193.300 .340,000 11,851.87 • 0/90,000 605,700Since Jan.l, 1896 177.500 921,050 11,281 OjO 9,222,400 999,300 84,050

D ulu th -5 srka. July. 1897 551,205 2.675,511 13.396 871.819 329.6915 *ks. July, 189i 6'*7.635 6,085,092 24.497 506.593 485.210Since Jan.l. 1897 1.717,006 15.994.469 82,501 5.152.621 2,387.454Since Jan.l, 1896 1.674,370 24,708.720 183,721 2,579,403 1,842.047 62M82

M lnn*anoli$—5 fks, Julv, 1897 8.874 4.133.480 102,830 1,474.760 17.810 23,6005 irks. Julv, 189)1 10,157 3.774,5-*0 81,470 774.880 5.500Since Jan.l. 1897 60. 15 25.833,4-0 1,006,609 8.101.380 i 60.110 30,48)Since Jan.l. 1896 6“,4h0 80,028,540 1.L22.184 1,399,8701 5.560

Kansas Gitv—6 irks. Julv. 1897 1.082,000 698,000 260.000 ............6 rk.H, Julv, IH9C 20 4,00c 755,0 0C 69.0D0 ............ * *Since Jan.l. 1897 3,89 «,8 K 8.120,9m; 2.020.500Since Jan.l, 1896 709,153 891.682 140,109

Total o f a l l -—----- — --------

6 irks. July. 1897 1.153.700 13.032.981 15,309.1)5 10 534,2!) 1.174,9586 wks. July, 189ii 1.195.-27 17,011,7.2 13.008.3.31 12,505.025Since Jan.l. 181) 5.56'/5 l 59.0il.255 91,107,981 1*1/50,479 )4,814,0'8Since Jan.l. 1*9» 5.870 -*>621 7H 490/85 71, -40.41 ' 82,O0“.2I l 10.24 1,3 \ 7 2.133 310

At Chicago the grain movement showed a very heavy increase (though even here the wheat deliveries fell off in a noteworthy way), the aggregate of the re­ceipts of wheat, corn, oats, rye and barley for the even month standing at 21,210,167 bushels in 1897, against 17,196,613 bushels in 1896. But Chicago is an excep­

tion to the rule. At some of the other points even the receipts of corn and oats fell off. Here is the com­parison for Chicago for the even month.

RECEIPTS AT CHICAGO DURING JULY AND SINCE JANUARY 1.

July. Since January 1.

1897. 1890. 1895. 1897. 1890. 1895.iHieat.bush. 796.769 2,588,250 750,466 2,794,977 6,408,628 3,374.782Join...bush. 10,702,20) 7,900,31-5 3,112 664 46,407,071 44,205,931 26,246,036‘ ats.. bush. 9,149 650 0,240,299 5,187,051 56,178.494 53,928,033 35,392.329lye., .bush. 180,534 138.491 63,944 870,552 785,085 838,302-l irley.bush. 320,950 203,172 106,293 0,050.325 7,182,838 4,213,231

I’otal grain 21,210,167 17,190.613 9,250,418 112,908,019 112,811,120 70,005,280• sour., bbls. 200,311 211,502 155,4 -0 1,432,108 1,346,410 1.558.035* irk....bbls. 3 271 936 1,052 4,047 6,767Intm’ts.lbs. 30.456,339 15,275,641 19,105,465 90,086,571 96,533,976 103,414.748jard....... lbs. 4,953,040 0,391,932 3,476,126 33,797.215 45,325,441 32,358,335•ive hogsNo 601,658 499,904 382,389 4/98,740 4,330.430 4,479,375

The foregoing also shows the provisions movement and the deliveries of hogs. These latter were much larger than in the years preceding, comprising 601,658 head in 1897 against 499,964 head in 1896 and 382,389 head in 1895; but on the other hand, if we take the live stock movement as a whole we discover that thechange between this year and last has been very slight, the 1897 aggregate being actually a trifle less, namely 21,321 car-loads, against 21,369 car-loads.

The cotton movement in the South is of course ofsmall dimensions at this season of the year. At the Southern outports the deliveries were only 8,603 bales in July 1897, against 20,712 bales in July 1896, while the gross shipments overland amounted to 28,553 bales, against 13,408 bales.RECEIPTS OF COTTON AT SOUTHERN PORTS IN JULY', AND FROM

JANUARY 1 TO JULY 31, IS 1817, L89 i AND l 195

July. Since JanuTry 1.Ports.1897. 1896. 1895. 1897. 1896. 1095.

lalveston................bales. 1,981 1.436 090 297,070 243.273 440,953506 82 43,907 53,217

flew Orleans....................... 4,152 13,07 4.590 5 8 * /l ) 590.189 922,603137 91 68

7Savannah............................. 1,112 3,402 631 221,197 229,60 255/14

31.492Charleston............. ............. 11 281 214 81 676 69,756 114,711

Port Royal, &c....... ... 269 13 20,753 39,8)6 81,841Wilmington........................ 144 45 85 29,49' 36,326 33,877Washington, &c......... 169 125 126

Norfolk................................. 034 611 339 143,073 152/85 1)9,576New ort News. & c ........... 32" 90S 434 7,417 32,580 97,559

Total ............................. 8.003 20/12 7,153 3,018,331 1,558,375 2,257,081

Altogether it is evident that a revival in business,especially towards the close of the month, must have pla yed an important part in adding to the revenues of the roads, and this view finds further confirmation when we study the results more in detail. Here, for iu stance, is our usual table showing all the roads

Warnings exceed $30,000. It the gain column contains 24

that way, the aggregate in­crease being $2,403,085, while the losses number only 5 roads for an aggregate of $286,402. The gains come not alone from the grain sections but from all parts of the country. On the other hand, the losses, without exception, com? from roads iu the Middle Western States and can all be referred to the influ­ence of the coal strike.

PRINCIPAL CHANGES IN ( t ll lO S S EARNINGS IN J P L Y .

whose gains or losses in will be observed that systems distinguished in

f i io r e a s c sCanadian Pacific ------Illinois Central...........N. Y. Central........ ...rh ic . M il & St. P a u l.. Louisville & Nashville Kan. C. Pitts & G ulf . Cliio. Rock I & Pacific Cues ipeake & Ohio . . .Missouri Pacific.............Rio G rand e'W estern ...M exican C entral.......... ..G reat N orthern..............Den er & Rio Grande Nash. Cliat <& St. LouisM exican N ational..........T e xas & Pacific...............Chic. Great W estern . . . Oregon RR. & N avig’ n. M exioan R ailw ay...........

In crea ses .U d. Pac. Denv. A G u lf. $ 4 5 ,8 1 3Chic. Ind. <fc LouDv .. 4 5 ,1 8 5Baltim ore & Ohio 8 .W .. 4 4 .6 3 0N orfolk & W estern . . . . 4 1 ,5 1 1Cin. N. Orl. & Tex. Pac. 3 3 ,0 2 8

To ta l (representing 26 roads)...................$ 2 ,4 0 3 ,0 8 5

D ecreases.W a b a sh ............................ $ 8 1 ,6 2 1Tol. & Ohio Central___ 6 1 ,7 8 7W heeling & Lake E rie. 5 5 ,0 8 8Col. H ock. Val. <fe Tol . 5 0 ,2 9 0Chic. & E a st Illin o is___ 3 7 ,6 1 6

Total (representing5 roads)................ $286,402

tu

Allans* 14. 1807 ] THE CHRONICLE, 261O b the whole. Southern roads and those in the

Northwest have done better than those of any other section. There are few losses in either group. Here is a six-year comparison for some of the leading North­western lines. It shows larger earnings in the aggre­gate for 1807 than in any of the other years given, though this follows largely from the steady and unin­terrupted gains made by the Great Northern.

rSARNiS.}* OF 31 JttTHWgsTfci&N LiXkLB

J uty. wm. 199& 1894L U - im*i f 1 « % *

Snr1.Ce4.RJfc No. 31*5,170 318.131 202,^7 223 MMfl! 315.055Cmc. Gt. West— 3£2,£U 384,007 333,457 223,156 3I«,428! 40*.7}30ttieJC!Ub8t.P. l

miw&n.* No. V %23%2ll XTVijBtoQU&M

Jfeic. R. L „i PAC. i, im/mi l 290,967 i&wsn j r.ii.i’ *1 MTS,4 47Daiatb S.3.tAtI. U».*U 461,54". fW:,7fC |Great Northern.. 1.7<k,7l0 1,431. I l l ’ L«I*«7 1,179,317Iowa Centra,]...,, IMK06 l;» ,m 120,74* i H3,». tMinnjfc Sfc. Louis, mtjsm 157,030 i n&m. i m » i 179,4-»8t.S*aui A Ouiutb V im.im im/m' 151.84! mzt4m

Total . 7.103 2m fijm -* 5# tkoskjs&o bimsmiThe .Southern group is distinguished in the same

way—that is, the 18',*? total is also larger than that ofany previous year, as will appear by the following,

saaariswa or •otrntaKX oaoer.

The same remarks also apply to the great east-and- wesfc trunk lines when grouped by themselves.

EAXXINQS OP TKCNK LINES.

July. 1867. 1866. 1S95. 1894. 1893. 1892.

t * * * * t3. & 0 . S.W Oh»&Mi*».

| 535,768 493,188 519,42! 160, SOS j 214,297 < 323,597

212,227$29,546

a c . c j f c s t j . 1,078,193 1,068,155 L1S11S1 021,502 1,205,252 1,286.750G .T .o f Can. 1,657,7 IS* 1,718,369 1,533,875 1,40 M id 1,697,26- 1,61 S, 025Cb.AO.T... assent 2lSti2* 221,0*35 111. 375 332,51 e 282,418D.G.H&M 7 ',S » S l.U S>I,91rt 79,87* 95,47 109,071

N.Y.C.& H.+ 3.637 75 < 3,495,4 >S 3,545,499 3,158,0 8,928,2:2 3,793,039Wabash.... M X sm 1,0*3, 1,074,023 763,303 1,150,783 1,115,302

T ota l.. . . . B/M7 ?, 131486 >,147.7 A; 6iVS$jD8t 8,815,44;. 8,747,108►Includes Home Watertown * G-idensban* for all the years.

Among the Pacific roads the No them Pacific shows the largest July earnings since 1892, and the Canadian Pacific has a larger total even than in that year.

tkESISOS OF PACIFIC BOADS.

Jidy. im . m ■ 1895. 1894. 1893. 1892,

Canad » Pacifici

2,100.000* *

1,803,875 j 1.513,51»f

1,517,609*

1,863,267t

1,796,025North’ll Pacific. 1,734.807 U W /M H j LWS5VS 78S.fdi 1,620,822 2,196,298Rio Gif. WesCn.. 302,100. » i ; 7 » j 118,0*9 191,916 249,708Total,.___ ... 4,142.707 s.atTsfw 2.43* .1*2 3,682.005 4,212,101

0 8 0 88 KARJU.N08 AND MILEAGE IN JULY.

</**%* j I»W7. J mm. MStft pi**.. 1 ill**, j1 s i I » f

CLm . * Ofclo....... 840,053 780,0-44 Hr»,.U5 it7,rvG»or*fs.............. mum. s WXM8MlC* W§m*& fit r. ■ nr»m 77C4T! 72.-U-:* 74*3fJLoai»f. A d « i» t . * ijm m tdtMOt I.-.--t.! TIMtmohi# ACfear.. 100,7071 88,873? 92^9.! 104.7-Mobile * flhln *15,25 7 209,050' : UW-<

4 SUL m M { l i l f e ! m s 0Sorf..-lt A Wwt.. j aid. nib 7fia.3*0: S&iMi- 1 #70,81*Soath'n U » ii» „ . I,4fi*»7A 1,3 lr.123 1,47 V* 71

Total........... (MMO,5 -&■In the Southwest, a few o f the roads lik e the St.

L ou is Southwestern, the Rio G rande Southern and the International & Great N orth ern , still run be­hind. D ealing with the leading roads, the aggregate is not up to that of 1892, hut is better than the totals for the years since then.

B»BXI!*0« OF AOCTIIWK-rTBKX OkOCF.

July. I807, um. 1805 im * IM* « « » • *

Den.4 UloGr, 678,100 aoKific M jm 438,801 473,891 770,57?tat, 4 Gt. No t m x m m jm •08*618 tws&K.C.F.S.A M. asmsn *3.17,85^ a*M « 842.01“ 333,363 391,20*?Mo. K. A Tax. 807,918 807,068 98QJ»1 7* 7S3J9*: 850.152Mo.P.Afr.Mt. LBn,s«o MBITS'. U t u a n w .A i 1 3 0 %«U %sm SitSt. JoA*a.i.. 78,700 m,m 43.20Sl.Ii. -3<mtt»w. m «o® m&sm 321.29* 273,79- sa!.o*rt* 854.602Taxa* A Pac- *60,707 413.17* 403, X90 *46.579 47lJ©oj 502,367

Total....__ 4,«!>,wtir » n n » •4 .►*>-/>>* 4J0 7 .f« 1 ___...The roads in the Middle and Middle W estern States

have fared poorest. The reason is plain enough. It is in those sections that the bituminous coal strike has had most serious effects, and besides this the winter wheat movement has been small.

* « * * » * « « r>* *»*D K»*AU*

July. 18V7. 1 «W . VSftS. j 188*. I M . I M .f 1 1 • • 1

A n a A r b o r . . . . . . . . . 97,48* m jn * B0.80S SS,0l> 88.SK9IBuff. R o ch .A Pitt. $18,455 m ?,M 7 291 719 •4*i.m 317,31 277.ICMSCStatoaiiro A t o s t . Hi. 271,618 n n j m 369,‘ $5 SS7.399Chic, tw l. A h . . , . . m m jm 247,m 288.15-9' 280.17* 817,00 284,257Chic. * W «.t Mif-rt m s 7 > 1 4.753 1»8.U3' 117,782 I* 8,21-1 161,0 8CM. tt. V. A T ot. m . m 206,276 aw.-4<! 2 »^ U I sae.w f 2T7.5'-'-'D ot. Gr» BaM eW e«. m ,m §8,92-3 8<*,-IS7 y% m . 102,019®T»;asy.4Te-rr# fit. m j m 6^736 76,75* 116.782 133.430f l i a t A P . M aro.... 217,567 20I.7 2 1 211,441* 180,50:-. 235.991 21*. 0 M# r. ftaaJt la fi . . . . . ■ 275,348 219,51/9 m j m 20-.387 m i * 8 277.231Illinois Central •. i s m m t i M i s n 1,844,733 1*010.094 L503.H77Lake Rrt» & W m t tasti-ts 270,8 i3 m®sm\ 37-.,in; a s w a •OovMMi£ 6B « l i t a n d . . . . . . . . 8070m &K&M M 0J9P 517,680 sai.a-ii S52.G07Lon.Bsans-% 84.1, \mfsm 124,100 111 30 lOOj'iS : 135,711 1 2 0 /UN. Y, Oat. A Wes? 309,781 308,i 0] *51,869Pfitsh'sE 4i- W est 'a . 277,717 29t.3-r- j ZM,9!1T oL A O A io .o n t 1-1.391 177#*l: IPO.S<« I#S,1«3 107,; os*01. P m , A W est 6 9 ,«4 78,918 l e . i n : to, ;# i 72.0*7 72, '.21Tot. 8L U A K. C 171,581 t- 5,500 1SS.SS- 151.280 103,477 Wt.B !«* « ( . N. V. A p « 257.8 0 375,979 wmMm BWMIW 908,316 805,831 !W S « i . a L. B ,l« 71,4S1 ispnjtSfSi 09,659 - L".lKs.' 129,716 j

T ota l .......... if>25. i n 5,^7-5,185 V043.6f*J 5,-176,852 6,583,023 O.isi.2 * !* ta#!*jde* th e fm *r-i8*oa« a t $£** g|, Loafs 4 lton & 'Terre H au te fo r a i

fck* f©»n», but- the Ch«**»r*?»ke Ohio It ?mithw«s ern for l*a*7 only.

Hanuof Road<****■»« tfsfetf Mileage.

1897. 1896. Jnxrtate or Decrease 1897 1896.

Atttlmma Ut.BOBtii'u*

130,1*1f

124,0!)s+ 0,001 31( 310

Ala.N.O.Tex,4ePa6.-~ N. Orl.& M*t. East.. ! 99,16 95.889 + 2.294 195 195Ala. A VicitfiD.. ,*,» 3»,»31 —795 14 142Vicksb Sbr.& P a e . 3'ViH' 36,788 +401 l Q9 1S9Inn Arbor................ 97,IS m.m$ —1,13-, 30 307Atlantic A Danville 43,77v 38.263 + 1,57*1 278 278

KalUninre &Ohfo__ 2,1.0,207 2,198,298 -8.001 2.095 2,005Sail. A; Ohio SoilUlw, N3S.70- 491,1.1* + 44.63- 921 1121Bfrtu'hara A Atlantn 1.5 1 1.43. + 162 2.. ; 22Bait Rohtia 7k Pitts It. 318,48 313.32 +5,12- 34* , 340Bari. Cert. R. A No... 3 0,17. 310,1-4 —14 1,136 1,130C.iilA.liAli i'Millt....... 2.100.001 1,41-3.57 + 30I.12.' 0.54; 6,444Oirollti* MS I and ., ,6,41# ".19 —2,07 55 55Central of Ueorvia 346 82' 362,650 —10,02 a 1,523 1,459•i!-,»ne.,«e A < »hlo. 1184,2 4 7 810,0.5- + 114.194 1.360 1,360Ohio. «fe East liilnoi* 271,01 309.281 - s o n - 54 545Oaio. Great W'e.tern 382,411 33 4.06- 4*4^,340 92s 928ClllC. iDil A LOOIOV.. 292,80 247.324 +45,18- 53 537Oiiio. Mil. A St. Paul 2,713392 2,546.226 + l«?.lE l 6,15! 6,161Chic, P*o,9 it.Iam.lj* 83,71- 0 - .2 1 - 15,521 22 222Ohio. E. las. A t’ae . 1,409,33 1,280,557 +128,795 3,37 3,571Chic. A We-t Mleh 12t.-»T!. 131,7.5 ■ -9 ,7 M 68 581Cln.N.O.ATei.Pae 3 1.77. 279,74 1 +33,<*2- 311 336CleV. Canton A So . 43,03 66/264 —23.23 21* 210C1*V. Cln.Ch.A St. L I,07h,S9^ 1,068,155 + 10.1 3 1,83- 1,838Olev, Lorain AWbnel 87, *8 82,36*- —24,494 192 192Colorado Midland 143.807 143.904 -397 350 350Col. UocS. Vai. A Toe 1-38.9-- 206.27 —50.290 31* 316Coitus A L A d . 2.153 1.79 • + 36* 22 22Denv. A RioUrand. 678.100 804,10 +73,700 1,66' 1,666D Mol nee No A W,*,t 3 4,83 36,17* —1,53 15 150D. Mo'ueaA Kan C.* 8.00 5.67 +2,3) 1 112 112Del. Ur. Rap. A We-t 92,87 98,92 —8,2 -iv 33i 334Dal. 80 . Shore A AU. 169.*1 194.8!*- —25,495 58* 583Klein Joliet A East. 90,0.17 95,35 -5,31s 189 189Bvanttv. A Indlanap 20.86 24,56a ■pii.l 0 156 150Kvansv a Riohtn’d a,«4 12,1184 - 3,9 + 102 102Evanav. A T. Hante 101.5 98.72- + 12,e-li 107 167Flint & Raw* Mara. 217,01 20t,72 + 12.84* 648 635Fla. flent A Panin >6 4,70' I3*.71.t +26,h94 040 940Ft. Worm A D (Jits'. 8-5,64 89,1 4- + 17,50 40 « 469Ft. Worth A itto Or.. 21,00 16.610 -f 4.302 140 146(SHMtftcfoB 4t All 0ii .. 7214 03 —207 11 11Qm ........ 103,90- 93/ 5- + 12,85* 307 307Ueoteia a Alabama, 78.03 > 7 t/mi +5,758 -158 3408 a South. A Florida 79,99.5 80.5H.1 -5 0 - 285 285Ur.Rapid, A Indiana 176,71 172,871 +5.8 0 43« 436

01 n. Rich. A Ft. W.. 32.9- r- 31, 4-1 + 1/--67 92 92era verse City........ 3,331 5.219 -1,8.).- 26 26Mask. Ur. R, A ind. 10,37i 9,937 +414 37 37

Ur. Trunk of Canada. 1.687,711* 1,713,360 -25,641 3,512 3,512Ohio. Sc Gr, Trunk.. 235,81 243,424 + 12,394 335 335Dot. Or.Hav. A Mil. 7°,-29 84,1 12 —5,283 189 189< ‘a. Sag, A Mack.. 9,295 10,109 —st-l 53 53Tol.Sae. A .Mt.sk «,0b0 7,730 +330 117 117

H. No.-S. P. M. A M 1,147,002 1,370,569 +76,433 3,720 3,720Eastern of Minn.. 165.58 1«>,916 +3,673 72 72Montana Central., 168,228 168,22.5 —1,997 25f 256

Unit Beanm’ t A K. C. 12,801 9,276 +3,525 65 65(Jnlf A Chleaeo_____ 2,883 +380 62 62illlnois Centra!!........ 1,892,628 1,638.021 + 244,001 3,586 3,130tnternat'l A at. No t 213,109 2 0.233 -17,128 775 775IntoroeeauiciMex.i n 190,012 174.636 +1S32 531 531towa Central............. 133,50- 120,9 1 + 14,557 509 497Iron Railwav............. 2,237 3,71- -1.479 20 20Kanawha A .Mleh.. 49,042 37,30. +12,13) 173 173Kan.C. Ft, H, A Mem . 321.17. 317,85- 4-4.31* 901 961Kan. c. Mem. A Blr.. 69,601 77,789 - 3.1 3 - 270 276Kan. City A N. w. ... 24,93 23,33-9 + 1,091 174 153Kan. iw A Omaha.. 15,825 7,7 3n + 8 ,0 8 - 19! 194Kan.C.Plttsl), AOulf. 201,273 71,250 + 133,013 044 339Kan. City Sub Belt 43,831 38,3 Ml 4*10,479 35 35Keokuk 4e Wmtmn*.. 21,5391 17,84» +3,890 148 148Lake Erie Ail. A 8 0 . 3,5 43 3.741 -1 9 - 61 61bfkke Erie A: Western. 289,011 270.953 —7,-0 - 725 725Lehigh A Mud. River. 3*5.01 l 32,679 43,335 90 no

........ 507,023 513,66*; —0,636 378 378Los AoKelea Tarm’l.. 11,419 9,149 +3,271 50 f 0U>a!»v. Evans. & st.L 123,336 124,160 -774 372 372r-onlsv.Uend A 8t.L.. Umisv, A Naehvllle..

4 4,06-! 43.348 + 1,679 166! 1661,780,3251 1,627,601 + 162.724 2,985 2.975

262 rHE CHRONICLE [Von. LXV

N a m e o f N o a v .

Macon A Birming’m.Manistioue.................Memp. A Charleston.Mexican Central.......Mexican National.. Mexican Railway, a Mexioan Southern*..'Minn. A St. Loins----Minn. St P.AS.Ste.M, Mo. Kaus.&Tex.sys. Mo. Pao. A Iron Mt..

Central Branch___Mo Dll e A Ohio............Nash. Chat. & 8t. L.. n. Y.Uen.A Hud.Riv.N. Y. Ont. & West-----Norfolk A Western.. Northern Pacific.. ..Ohio River................Ohio Southern............Oregon RR. A Nav.. Peo. Dec. A Evansv. Pittsb LJsb. A West. Pittsb. A Western..

Pittsb. Clev. A Tol. Pittsb. Pa A Fair..

Quin. Omaha A K. C .. Rio Grande South’n. Rio Grande Western. 8t. Jos. A Gr. Island. Bt. Louis Southwes’n8t. Paul A Duluth___!Ban Fran. A No.Pac.. Bher. 8hrev. A 3outh..Bilverton.....................Southern Railway..Texas Central...........Texas A Pacific.........Tol. A Ohio Central.. Tol.Peoria A West’ll. Tol. 8t. L. A K. City IJn.Pae. Den. A Gulf.Wabash........................West. N. Y. A Penn.. Wheel. A Lake Erie.. Wisconsin Central.

Total (127 roads).

G r o s s E a rn in g * .

1897. 1896.

4,384 lft," 79

109,70? 936,006 442,945 2by,455

40, lft 162,629 324,8'2 807,918

1,877.000 93.000

297.469 480.277!

3.657,753 386,38 851 s 98

1.7 34.607 77,45 • 43,948

425.327, 75.5711

2.475 151,462

82,771 38,i-35 27.440 29,779

302,100 78,700

332.600 125.554 87,725 17,115

6,021 1,45 ,436

17,221 460,767

99.601 6°,804

177,591 280.88® 963,888 257,800

71,451 429,405

n\

$3.850

13.533 93,765

849,959 336,3 4 242.976

38,739 157,633 303,747 807,068

1,800,421 60,934

268.259 418,668

3,485.438 396.322 816,1*7

1.708,604 81,250 61,973

377,473 72,231

3.442 164,804

66,552 46,371 25.391 37.562

201,7 30 58,471

3 H‘.500 I.i2,l30 73,173 16.067

6,532 1,423,67'“1

16,490 412,174 161,391 76,913

1x5,5- 6 235,075

1.045,509 275,97.^ 126,539! 426,120

In crea se or D ecrea se.

*4-534

+2 ,346 +15 ,912 + 8 6,047 + 5 t ,571 +46.479

+ 1.80C +4,991

+ 21 ,055 + 850

+76,579 + 34,066 + 29,210 4-61,609

+ 172,265 —9.936

+ 41,511 -t-26,003

—3,792 — 18,025 +47,854

+ 3,340 - 9 6 7

—13,342 + 16,219 —8,336 +2,049 —7,7^3

+ 100,370 +20,22

—7,900 —6,576

+1 4,552 + I,0i8

—n 1+26.761

-1-73) + 48,593 — 51,787,

—7.109 — 7,915!

+ 45,813, —81,621 -18.17*| —55,0881

+3,285

1897. 1896.

9744

330 1,956 1,219

321 227. 38 S |

1,168 2,1974.936

388 687 905

2,395481

1,5704,367

224226

1,059331

25227

776i

13918052c251

1,22324b165155

204,803

1761,499

371248451974

1.936 651 247 894

9744

330 1,861 1,219

321227370

1,1682.0604,930

388687902

2,395477

1,5704,367

2242*6

1,059331

25227

77 61

139 180 520 251

1,22 o 248 165 155

20 4,75

176 1,499

367 248 451 974

1,936 651 247 89 i

44,954,350,‘42,748,940 + 2,205 ,410 100,859 99,445" For three weeks only.t Includes St. Louis Alton A Terre Haute for both years, but Chesa­

peake Ohio A Southwestern for this year only.1 Earniugs of Galv. Hous. A Henuersoa are excluded for bath years, a For four weeks ended July 24.

g r o s s e a r n in g s f r o m Ja n u a r y i t o j u l y 3 1 .

N a m e o f R ou a .

Alabama Gt. Southern. Ala. N. 0. A Tex. Pac.—

N. O. A Nortbeast'n... Alabama A Vieksb’g .. VicksburgSlir. A Pac.

Ann Arbor.......................Atlantic A Danville___Baltimore A Ohio..........Balt. A O. Southwest... Birmingnam AAilantic Bull'. Roch. A Pittsburg. Burl. Ced Rap. A No...Canadian Pacific............Oaroliua Midlaud...........Central of Georgia. . . .Chesapeake A Ohio.......Chic. A East’n Illinois.. Chic. Great Western .. Chic. Milw. A St. Paul.. Chic. Peo. A St. Louis.. Chic. Rock Ini. A Pac... Chic. A West Michigan. Oin.N.O. A Texas Pac. Cleveland Canton A So.. Oiev. Cin. Chic. A St. L .. Cleve. Lorain A Wheel *Colorado Midland.......Col. Hock. Val. A Tol...Colusa A Lake . _____Denv A Rio Graude___Des Moines A Kan. City* Des Moines No. A West. Det. Gr. R ip. & West..Dul. So. Shore A Atl___Elgin Joliet A Eastern. Evansv. &• Indianapolis. Evansv. A Richmond. Evansv. A Terre Haute. Flint A Pere Marquette. Fla. Cent. A Peniusular. Ft. Worth A Deuv. City. Ft. Worth A Rio Gr’de. Gadsden A Atalla Un..Georgia............................Georgia A Alabama......Ga. South’ u A Florida.. Gr. Raimis A Indiana.

Cin. Rich.A Ft. WayneTraverse City.............Mus. Gr. R. A I ml. .

Gr. Trunk of Canada...Chic. A Gr. Trunk___Det, Gr. H. v Milw... Cin. Sag. A Mack. ... Toledo Bug A Musk.

Great Nor. 8t. P. M.A M Eastern of Minnesota.Moutana Ceutral........

Gulf Beaumont A ChicGulf a Chicago ___...Illinois Ceutralt.............Int, A Great Northern.. Interoceanic (Mex.)J...Iowa Central...................Iron Railway..................

1897. 1896.

$ $8 6,639 805,10-

710.117 725,057315,380 287,596290,304 292,883726,493 669,247304,023 i 307.4-8

14,224,294 13,610,9193,491,581 3.46 ',322

12,013 11,8391,870,69' -1,856.0782,163,003 2,428.870

11.818,694 10,955,22829,937 29.853

2,727,163 2,785,7696.30.+898 5,856.7162,189.004 2,1b 6,2532,659,309 2.626,610

16,461,874 17,100,330451.6o7 519,0 Lft

8,294.98- 8.,3».31t*78,488 809,671

2,031, 08 l / 12 9 ,127354,3 5 393,69*

7,501,997 7.390. *95663, 814 772,95093-.649 1,091,538

1,271,10H 1.425,84610,955

3.853.754 4.073.3 680,138 62,035

227,603 250, 73693,176 64 l,66*862,002 1.21),779651,667 75 3,320l->*.936 166.73040,690 66. 4o3

584.396 622,82-1,5 <5,464 1,542.1181,154,670 1,<12,477

578.270 49->.225158.991 104,55*

5.103 6,362833J 68 788,34857 4,69 4 ift,5224 8«,9 42 505.8V 4

1,068 616 1,142.24422),67h 2 40.4 7

21,810 28.65961.0 8* 73,10?

10,063,9 Ig 10,004.1531,694,339 1,83 4.571

537,737 515,05463,533 75,40659.053 40.857

7,575.01* 7,639,970835.556 917.47*

1,127.587 1,119.23270.643 49,56223,551 V 1,004

12,551,574 12,012,6721.767,* 30 1,654,0841,472,363 1,260.007

886,619 1,024.38420,250 28,041

In crea se . D ecrease.

$ $71,531

8,94027,781

2,57957,246

3,435613,375

31.259171

14,119265,967

863,46684

58,606447,182

2.75132,693

698,456. . . . . . . . 67,348

144.3598 817

10L,88l39,357

111,8 2109,106152,889154,710

3,264. . . . 219.53218,103

2 *,47048,308

352,7 77........ 101,053

............ 13.800

. . . . . . . . 19,6 338,432

___ 6.684142,1)380,045

5,567......... 1,25944,7 22

159,16 •............ 18,882. . . . . . . . 73,0 28

16,579 6.849

.......... 11,4*559,795

145,23222,6-3

11,87313,196

. . . . __ 6»,964

. . . . 81,9229,355

22,0 -( 2,5 47

538,90*

. . . . . . .

113,546212.356 ............

139,7657,791

N am e o f R oa a .

Kanawha A Michigan. . Kansas C. Ft. S.AMem . Kan. City Mem. A Bir..Kansas City AN. W .......Kansas City A Omaha . Kan. City Pitts. A Gulf. Kansas City Sub. Belt.Keokuk A Western*___L. Erie Alliance A So... Lake Erie A Western... Lehigh A Hudson RiverLong Island.......... ..........Los Angeles Terminal.. Loutsv. Evansv. A St. L Louisv. Hend. A St L .. Louisville A Nashville.. Macon A Birmingham..Manistique......................Memphis A Charleston.Mexican Central............Mexican National..........Mexican Railway t.........Mexican Southern*.......Minneapolis A St. Louis Minn. St. P.AS. Ste. M.. Missouri K. A Tex. sys. Mo. Pacific A Iron Mt..

Central Branch...........Mobile A Ohio.................:«ash. ' hatt- A 8t. L . . . N. Y. Cent. A Hud. Riv. ST. Y. Ontario A West’n..Norfolk A Western.........Northern Pacific ..........Ohio River................ ......Ohio Southern................Oregon Ry. A Nav’n ----Peoria Dec. A Evansv..Pitts. Lisb A W est.......Pittsburg A Western—

Pittsb. Cleve. A Tol.— Pittsb. Paines. F’nt

^nincv Omaha A K. C.. Rio Grande Southern... Rio Grande Western .. . St. Jos. A Grand Island. St Louis Southwestern.St Paul A Duluth..........San Fran. A No. Pacific Sherman Shreve. A So.. Sonrhern Railway . ...Texas Central................Texas A Pacific.............Toledo A Ohio Ceutral.. Toledo Peoria A West’n. Tol. St. L. A Kan. City.. Union Pac. Dod. A Gulf.Vabash.............................West N. Y. A Pa---------Wheeling A Lake Erie .. Wisconsin Central.........

Total (125 roads)___Net inorease..................

1897. 1896. I n c r e a s .. D eer a se

% * *293,279 267.530 25,749

2,536,8->2 2,398,-50! 138.496647,200 610,5 .8, 36,632186,200 148,095 38,105120,508 53,522 66,986

1,088,18*' 379,42ft 708,755255.895 189,855 66,0i0202,695 218.557) 15.862

37,852 34,281 3.5711.904,793 1.976.238 71,495

200,625 227,62 26,99 i2, L45.835 2,173,913 33,0 ,8

5 ,168 53;21»l 2,047798,609 858,318 59,709256,854 262,103 5,249

11,559,244 11,298,231 201,01332,501 31.980 52176,197 79,638 3,441

741,435 690,95* 50,4837,503,75? 5,635.716 1,818,0133 391,421 2.760,051 630,7702,097,992 1,690,574 407,4 * 8

400,661 2^0,051 110,6101,'*71,978 1,051,015 17.0031,918,039 1,988,656 68,0175,737,212 6,004,238 267,076

12,507,000 12,047,701 45 4,299572,000 400.2 8 171.742

2,174,7-^9 1.993 -*9 18 l. 093,030,378 2,857,565 172.813

24,846,178 24,622.053 224.1252,154,083 2,123,430 25,6535,977.799 6,480,4io 5 >2,6319,346.288 9,622,317 276,0*9

499,803 554,000 54,197358,237 435,973 77,736

2,401,8'4 2,307,633 94,18 i497,918 481.700 16.218

25,154 24,103 1.0519*5, 01 1,019,2-9 93,758470,247 466,904 3,343181,052 218.38' 37,335171.776 172,516 7i0205,317 257,221 51,90 a

1,476.095 l,310,Ob5 163,030581,824 346,676 235,14?

2,385,706 2,5-0,617 134,911761,772 757,666 4,106422,354 415.399 6,955141,368 138,563 2,805

10.69i.35C 10,252,063 439,28?121,576 126,310 4,734

3.510,001 3,256,801 253,2)6925,28c 1,03 4,102 108.819490,49c 555,924 65,431

1,209,8 *6 1,155,723 54,1331,865,08-' 1,697,357 167,7326,3o6,25; 6,874,759 518,5063,541,43n 1,641,49* 100,0;,6

567,203 788,714 2 1,5112,360,12(1 2,448,9 72 79,252

289,501,390 1284.503,18:.) 10,939,790 5,946,539....... .......... ................... 4,993,20

* For three weeks only in July.f Includes St. Louis Alton & Terre Haute for both years; beginning

with July 1 the Chesapeake Ohio A Southwestern is also included, but for this year only.

\ To July 2 4 . _______________________________

sro. k Ex c h a n g e jLEA.KiNG-id.ousk t r a n s a c t io n s . - T he gadjoined statement includes the transactions of the Stock ^xenange Clearing-House from Aug. 2 down to and including Friday, Aug. 13; also the aggregates for January to July inclusive in 1897 and I89n.

if'IJi -4 (O a 4.40 4 l«. a »0H« r K A. ?•<>«►-S h a d es , o o tn u d e s —. ---- • B a la n c e s o n e s i a e --------- S h e e t !

C l e a r e d !Po ta l V a lu e . •i h a r e s . V a lu e S h a r e s C a s h . C l e a r e d1S9H -January.. L5.29S.500 967,700,000 1,011,200 08.100,000 1,445,000 0,870February. 17,004,900 1.008,600.0)0 1.905,500 100,30' ,000 I,304,4rO 0,201rtarcb LM7>,C00 1,006.000,000 1.031,500 91,000.000 1,452,800 0.XL1

14.002.200 981.000.000 1.*89.100 99,-100.009 1,233,300 0,408May......... . 1'.291,000 750.800,000 1,1 *2.000 09. l« *0,000 92 <.*00 5.732lune ...... , 15,489,600 1,132.400.001) 1,5911O0 95.90u.000 1,3*5.500 0.307July ...... . 21,L. 8,300 1, i9S.500.o00 1.9* 8 600 107,500.000 1.800.2 <0 0,990

7 m os... 110,580.100 7.363,000,000 12,406,000 657,800,000 9.611.OoO 45,511* $ $

1 anuary.. . I2.0i0.700 778.000,000 1,425,500 74.900,000 1.008,900 5.900February. . IO,2?3.0OO 709.500,000 1.096,500 59.500,000 87 .4 00 6,248•l arch . 18 141,000 1.270,700,000 1.916,700 l'3.2)),0OO 1,553.20c 7,195April...... . 14 1-2.000 1,029.200,01)0 1.3)7,300 82.200,000 1,334,900 0,071May........ , lX.v 1.50.400 1*31,800.000 1.2 50,700 73,9*10,000 1,1-0 000 5.910June....... . 22.559, ■* 00 l,)37,5Sl),(fO0 2. jO 1,000 153.0*9,000 1,0-4,100 7,116July........ . 22,353,100 1,05 V OiJ,(|00 2,678,800 171,600,000 1,751.500 6,042

6 mos. 112,510,6 JO 8.109.78 ).(> *0 12.223,500 731.9 190 Ml 9.3-*4 0 '• 44,091S h a r e s , b o th sid es + -------- B a la n c e s , o n e s i d e . ------ v S h e e t s

C le a r e d . 1 o ta l Y a l a k S h a r e s . V a lu e S h a r e s . C a s h . C l e a r e d1 8 9 7 — $Auk. 2 1, U1.J00 73.800,0100

“ 3. . 1,8 ’ 4,0 ) ) 84.20),') )0“ 4. . 1,645 »0 ) 105,6 JO,000“ ft 1,6 9,2') ) 106,3 ) i.O90“ 6 1, ’ *4,200 L02,500,0 00

19+700 17 '.LOO

2 3 7 ,->00

Tor, w k ,.7 ,803,700 472.400.OOC 1,065.500 ^k!aatyr3 ,790,100 256,iOo,|)00 294,600 Aug. » 2.49 .500 W 7 .100000 373 .400

'• 1 0 ..2 .6 0 4 .8 -0 160,90MOOO 342.5 )011 '.9 0 1 .1 0 0 1 8,6001000 2 3 1 .2 )01 2 ..2 ,2 5 3 .2 00 122.300(000 298,90013 2 5 6 2 .9 )0 U 5 .10)1000 3 4 7 ,4 0 )

rrtl. w t . 12 ,2L3.500 7 24.001 W klastyi5 .517.000 327,401

The stocks cleared n< American Spirits coi common, American and preferred, Baltii peake & Ohio, Chicag,

$ $8,SOvLO 0 86.10) 347

1) 6 ) bO )0 96,90 ) 33<»13,100,000 166 80 ) 3 l713,M>O.O00 137, M ) 34912,900.00 > 128.800 35 5

58,900,0 » • 614,600 l 72-J17,500,000 290,200 1,4472 1,700.000 319.600 35820. <0 ,0 >0 24 4,3 10 357i 3,500, -0 » 16w,5O0 35215. U)0,000 199.-50 • 3 5 718,700,000 222,700 370

83,500,000 1,15!,600 1,7342 L,"'00.0 >0 692.100 *589

|w are American Cotton Oil common, non and preferred. American Sugar

_bacco common, Atchison common >re & Ohio, Central of N.. J.. Chesa- Bnriington & Quincy, C. C. C. & St.

A U G U S T j i l , THE CHRONICLE, *263Lpimss Chicago Gas, Chicago Great Western common, Chicago Milwaukee & St. Paul common, Chicago & North Western common, Chicago Bock Island & Pacific, Chicago S' Pam Mi-nenpolis ft O naha cummin. Del­aware & Hudson, Delaware Lackawanna & Western, Erie. General Electric. Lake Shore & Michigan South th , Louisville & Nashville, Manhattan. Missouri Kansas & Ter as preferred, Missouri Pacific, National Lead common. New York Cen'ral. New York Ontario & Western, New York Susquehanna & Western preferred. Northern Pacific pre­ferred, Pacific Mail, Beading common ard firs and -ec nd nr»f*rr-d, St, L mis ft Ban Francisco 3d jfi**ferred. Southern Bail wav common and preferred. Tennessee Goal ft Iron, Texas ft Pacific. Union Pacific, United States Leather com­mon and preferred, United States Robber common, Wabash common and preferred and Western Union.

I H a ' i c t a m i f l D o i n i r x e Y c i a l f i n a l i s t * f l e x u s

1 From our own correspondent. 1LONDON, Saturday, July 31, 1H97,

On Monday evening Mr, Chamberlain stated in th* Hons* of Commons that no prosecution is to be instituted against Mr.R i'xies, neither is his name to lie removed from the list of Privy Councillors, that the charter of the S <ut i Africii.lom- pany is not to he revoked, but tbst the control and super­vision of ’ he Crown ever the company is to be increased and that negi tiaiioos for that purpose are about to begin with ihe Chartered Compmy, in which i.egotiaiioca theOspe Govern* meat and Sir Alfred Milner are to take part. Sir. Cmuab- r- lain distirctly stated that all psrti-s in S >uth Africa preferred that the Chartered Company should Continue and that the ultimate intentio>* is to give Rhod-aia -el! go mroram-:, for which, of fours", it has not yet the nquifite white popula­tion.

The statement has been moat favorably rteaived, and there baa b»(fi a d-wid-d lm»>t*'n *n* i*w> th * S ■ wk Eto i tog • Naturally, the Chartered Compiiy'* share* were th» first to move, but, speaking broidlv. all mining s»» ire* h»v* rts -n, and, indeed, every department of the Stork Etching • has shared in the movemvn', Mr, Csatuberlaiu, in addition to the above statement, said that the repeal by the Tranavaai of the Aliens’ immigration Act and the promised repeal of other mcaaure* contravening the London Convention have re moved the tension between this country ami the Transvaal, and he hopes now for a gradual restoration of confidence between the two races there.

The information from South Africa privately receive 1 it to the same effect that the animositi-a and suspicions aroused by the raid are dying out, and that a batter spirit is springing up. Moreover, the clear demonstration now given that the im­perial Government ij regulating its policy in South Africa in connection with and with the approval of tbeSoutn African colonies has led to the conviction that President Kruger and his advisors feel that they are being Isolated,and that they have not now to deal with a distant Governmerr, but rather with the other States of South Africa. Hence the opinion is grow­ing stronger every day that large concessions will h • made to the mining industry, enabling the mining companies to reduce very materially the cost of working. Toe interest of the Transvaal itself strongly urges this course. The Trans­vaal has suffered very severely from th« failure of the crops through drought and from the rinderpest. Many of the farm­ers ere ruinf d, and the State is called upon to give them large relief. At the very same time, while the Government la asked for relief for the farmers, and is slending immense »ume upon public works of various kinds, the revenue is fall­ing off, mainly because of the depression in the mining market.

The passage of the Tariff Act has been signalized by a rise in thf* American Department, The real character of the Act is not understood here, but the fact that the discussion is at an end and that some kind of decision has been arrived at is felt to be a relief, Moreover, the favorable report* respect­ing the crops are encouraging Op ritors. As yet, however, the general public ia holding quite aloof. What business is being done is mainly due to professional operators. That is of course tni; more or I >ss of *vyry deptrtni uff. for W s « n just now at very quint. But it is more noticeable in the American than in any other depart ruen,,

The peace m g. tint ions have been checker! of late by Ger­many's insisting upon a European control of th>* Greek finan­ces being made part of the Treaty. The other Power* are op­posed to this, and even the Russian press complains of the ac­

tion of Germany. Probably Germany will give way in the end, but it is uof wtuoat s that needless delay shou’d be inter­posed, for the sufferings of Greece are very great and the distress of the Thessalian peasants is deplorable. Probably in the long run some kind of control of the Greek finances will have to be established, for it is not likely that the Turks will evacuate Thessaly without being forced to do eo until they have received the indemnity. It is quite clear that Greeee herself cannot borrow four millions sterling, and if the Powers guarantee the loan they will probably take some measures to see that the Greek finances are fairly well administered.

The general impression ia that as soon ss peace is concluded there will be an improvement on the Continental bourses, that the improvement which has already s-u in in London will thus be further stimulate i. and that we are about to witness avery considerable explosion 'of business. A* yet the public has not begun to buy largely. To-Lav the St icb Exchange is closed for-iructnrai repairs and Midday is a Stock Ex­change and bank holiday. Moreover 1 rge numbers of peo­ple have left toe city for trite an -nil b >li 1 tys, B tain ess is na urally, therefore, very alack. But if peace is immediately concluded th-re is little do ibt tbs' we sh ill **.■» a very con­siderable improvwn-tit in but ices* even during tin holiday time.

Money continue1* very abandon! an 1 cheap U present the Coe in-uifctl demand for gold is very slight, so is the Japanese d -mind, and the impr-siton appear* to be v -r - gen­eral here 11st not roach gold will be taken by the United State*. 0 mS Jence ad over Atuarici has revived, t h - supply of gold is aoundant, and although the United S a-es will beable to s 11 immense ipisotieiiss of grain a id .»th*r pr iducn, tt is thought hardly probable that ab* will t*ke payment to ■my comnd-fable extent i i gold. If She dots not, then money i* likely to remxlc v-wy cheap for mouths to cams. On the other hand, if there should be a cor side! able demand for gold for the United States or any other country, together with the usual demand that always siring up at harves time, that will probably s«pd the Btnk of E igtand rale to four per cent.

The stiver market is very demoratlz d, and the price has fallen to S’i'i'd-, th * lowest ever recorded. There has been no demand for China for a considerable time pa»% Japan ia ex­pected to a-II tather thin to buy silver. India bus been taking very tit-le, and for a week or two United States holders of silver hive been selling on a very I irg ■ scale, Sunnily, th sw sales on a weak market h«v« broken the price unprecedentedly, la the mean time ih» Inliaa Council is selling Ls draft- surprisingly well. On Wedt esday it offered for tender 35 lacs, a-id -old the whole amount at an av-rage price of Is 3 1-33 I. per rupee.

The rain* in India o n ion* favor-ibl*. Upon th'eastern side it is believed that the sib-ty of ’he growing crops is now assured. The news from the northwest province* find I ho Punjiui is also good. From Bombay the crops promise fairly well, th ugh the run is not so abundant a* in the East and in the North. 1- rh-> Madras Presidency there is still a deficiency of raw. Upon the whole, however; th<a worst of the distress seem- to be over, and we may hope to see very toon now a»te*dy fall in the price of food gr uns.

The *• Railway News” of Loud in reports the traffic rcoript* for the week cading July 2,3 of 55 ruiwsvs o r the United Kiogdom which make weekly returns at £1,834,440, against £1.737,330 in the corresponding week of last year, an increase of £37,K>1. For the four w-eka of to ■ current half-year re­ceipts w e r e £7,136,961. an increase of £174.375.

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

im i . 1800 1895. 1891|8. July 20. JulyV L Aw j, t.

JroQia-ion , , 2-06/1.^03 2?,422.475 26,831,fSm 26.707,430P a b n c 4 «p o * !t i ., . - . ....................... T.TU.Sirt 7,105,075 8,027.004 5.903.728l ib e r d eposit. ................... . U a m .i m 55. IV* M 2 41,022,559 37,828,243O cv«rtH nent*ecorltle»........ . n,7$e>M 7 u ,m o ,m 14.090.370 12.07n.088O tb orew n rm m ......... . 28*480.737 29,877.694 19.805,217o -«* r ro of note* amt o -In_____ 2'».43L157 37.257,007 28.102.34.8 26,371,005

Cola A- t>a!lioa, beta depart.ra’tn 47.880,142 38,134,008 88,301,757Prop .rR serretoU ab llltte*,.p . o. ;>«K 5»M A7M 0 * «Bank rat* ............... . ..o e r ca n t 2 n 2 2.0 n a o l* . a g per cen t ................ 11215-19 tl3 r,-M w % 101«s u re r ........... ................ ... 31»J . a o tt ii .. S T lf-iO d .OioftrituE<Hoane m tn m s 118.84 W O 124.700.000 178.787.000 188,092,00 0

M e*8 f8 , P i x t e y & A b e l l w r i t e a s f o l l o w * u n d e r date ofJuly 39:

(inld—All the recent nrrivais have been taken, a* h-fore, tor export to th" Continent. I’t.e il -inaml M em l'ly c intlm ios. T h - B t n k f Bug-l*uu hi* rvoelvwl dun g 'lie week, £, .6,0 J'J in Sir hreignArrival*! New *attl«w1, £ 7,004s Ahatrali*. *4rt4.«60i Cttln.i, S6.0UC: OAgtetowh, 7,1- / ' o ’ itg.ooj. Total, & 7 i)ix O ') . Shipment* !o Bombay,

S i iv e o —Slnen we, last w ro te , lie t r y - ties oauA ed a nerim is fa ll lit

Erw * . r e s in iln g in 28 %(t. b e tn g q u o te t y e s to r ila y . Even ut tills lo w >V«I N e w V o r k <*o!(| fnj. ly; lint {it'll,m ilu uttnil n topp >t (nnhnr tin [ e l ln e . an a to -d a y th e m a rk e t clon es s early a t 28r ,, ,< l , w lih no se ller* ,

Ttio quotation of 26 s- i. is th e inwo-t, tbat haa b een s o far r e c o rd e d .___ -

264 [Vol. LXV,TBE CHRONICLE.Arrivals: Now Yorkhlpmonts to Bombay

The Indian price is Rs. 71% per 100 T»laU>.£194,000; Oiiill, £68,000. Total, 4262,000.£91 500.

Mexican Dollars.—These ooln have been sold during the week at 26d.; the last price being 25%d. Shipments to Penang, £12,300.

Toe quotations for bullion are reported as follows:

G o l d .L o n d o n S ta n d a rd .

J u ly29.

J u ly22.

Sil v e r .L o n d o n S ta n d a rd .

J u ly29

J u ly22.

Bar gold, flne....oz. Bar gold,parting.oz.Spanish, old........ oz

New..................oz.U .8. gold coin...oz. Gerra'n goldcotn.oz. Frenob gold ooln.oz.

s. d.77 11%78 0 76 0% 76 1% 76 5% 76 3% 76 3%

d.7711% 77 11% 76 0% 76 1% 76 5% 76 3% 76 3%

Bar silver, flue... oz. Bar Bllver, oontain'g

do 5 grs. gold.oz. do 4 grs. gold.oz. do 3 grs. gold.oz,

Cake silver. ___oz.Mexican dollars.oz.

d.26’ is26151626%26»,e28%25%

d.27%27%27li1627%29%26%

The Bank rate of discount and open market rates at th e ohlef Continental cities have been as follows:

R a te* Of In teres t at

J u ly 30. J u ly 23. J u ly 10. J u ly 9.

B a n kR a te .

Open M ark el

B a n kR a te

OpenM arket

B a n kR a te .

OpenM arkei

BankR a te .

OpenM arkei

Part*... ......... 2 m 2 TH 2 IH 2 mBerlin............... 3 2% 3 2 H 3 2 « 3 2%Hamburg .. .. 3 2% 3 2% 3 1% 3 mFrankfort........ 3 2& 3 2% 3 2^ 3 2%Amsterdam.... 3 i « 8 3 2% 3Brussel*......... 3 2 3 2 3 2 3 2Vienna........... 4 4 3W 4 3% 4 SHat. Petersburg. 0 6 m 0 4% 6 O HMadrid........... 6 i 6 4 5 4 5 4OoDenhatren. 5 5 5 5 5 5 5 5

The rates for money have been as follows :

O pen M a rk et R a te* . In terest allowed f o r deposits by

B a n k B ill*. Trade B ill* . -Disc’* H ’st£ Thr< e , F ou r Six Three F o u r S ix Stock A t 7 to Ucq M onths] M onths M onth* M onths M onths M onths Banks. Call. D ayt

nly 2 2 13-10-% 15-10 l H 15* i% i%@i% H * H‘ 9 2 13-18 15-16(^1 154 V 4 % % H

“ 16 2 13-10 15 16<ai D6 1M 1%@1« % H H'* 23 2 13-10 1 15-10 ♦ 1®1% 1%@1W 1%@X% % % H“ 30 2 13-10 15-10&1 1*8 1 1M m m u K

• 1%®1 5-16.The following shows the imports of oereal produce into

the United Kingdom during the first forty-seven weeks of the season compared with previous seasons:

IMPORTS.1896-7. 1895-6. 1894-5. 1893-4.

62.472.010 68,877,516 60,160,424 20,413,042 23,408,374 28,858,167 12,709,->80 13,776,597 12,231,957

2,323,450 2,112.289 2,13',5202,937,612 3,937,162 4,835,675

31,9-5,370 23,487,304 33,982,74618.042.200 17,756,020 17,509,024

Supplies available for consumption (exclusive of stocks on September 1):

---------- 1895-6. 1894-5. 1893-462.472.010 68,877,516 60,160,42418.042.200 17,756,020 17,509,024 14,065,831 19,644,812 19,617,795

Importsol wheat,owt,60,566,350Barley.......................... 20,069,500Oats............................. 16,339,6^0Peas............................. 3,025,435Beans........................... 2,497,180Indian oorn................. 53,134,260Flour............................18,363,120

1896-7.Wheat Imported, owt.80,566.350 Imports of flour......18,363,120Bales of home-grown.23,000,000

Total.................... 101,929,470 94,580,041106,2:8,3481896 7. 1895 6. 1894-5.

Aver.prioewheat,week.28s. Id. 24s. Od. 24s. 4d.Average price, season..28s. 8d. 25s. Od 21s. Id.

The following shows the quantities of wheat, maize afloat to the United Kingdom :

T h is w eek . L a st w eek . 1896.Wheat............... qrs... ? Qin Ann < 650,000 1,178,000Flour, equal to qrs... $ 84u,oou £ 230,000 242,000Maize............... qrs... 640,000 710,000 803,000

97,217,243 1893-4.

24s. 6d. 25s. 6d.

flour and

1895.3,211,000

150.000697.000

English Financial Markets—Per Cable.The daily dosing quotations for securities, &c. at London

are reported by cable as follows for the week ending Aug. 13:

London. Sat. ! M on. Tues. W ed.

Bllver, permittee.......d. 26 25% 25% 2 5 %Jonaolfl., new, p.ote. 1131,8 111215,0 112**16 11213

For aooount............... 113*8 113 11213,8 1128,.Fr’oh rentesfin Paris) fr. 05-32% 105-45 105-35 05 321Atoh. Top. & Hanta Fe. 14 •-‘8 15% 15 15%

Do do pref. 29 Lj 29% 29% 313qCanadian Pacific.......... 74% 74^ 73% 7413Chesapeake A Ohio....... 22 L* 22% 22 2214Chic. Milw. A 8t. Paul 91 »4 j 95% 9 4 % 96%Deny. ,t Rio Gr., pref.. 48% ! 43% 48% 48%Erie, common............... 18 18% 17*3 18%

1st preferred.............. 42 4j 42% 42 4313Illinois Central.............. 109 |ll2% 110 112Lake Shore ........ 177 1178 178 178LonisvlUe & Nashville. 61% 61% 60% 613*Mexican Central, 4a .. 69 69 68 *4 67%Mo. Ks-v ~ Tex., com.. 15*2 i 15% 15% 15%N. Y. GeiA’l & Hudson. 109 111014 109 110N. Y. Ontario A Wes’i’n 17i0 [ 17% 1718 1714Norfolk vVest’n, pref. 34*2 34% 35No. Pac. p re ftr . recta. 48 , 48*3 48% 50'sPennsji.aiiin .............. 57% 1 5 7 % 56% 57PMla. A- Read., per «li. 135a ! 1 3 \ 13% 1 3 %South'., Railway, com.. n % 11% 11*4 11

Preferred................. 35*4 3 5 % 31% 353tUnion P^-ltlc............ . 9 i 9 % 9% 9 HWabash vvcforrol....... i r ^ 18% 13% 18%

25%112%

1112k!! 05-07 % I 16

32*2 : 73%

22*2 96%48%

I 18*243%

,109*2 ! 178 i 03*e

87*2I 16% 110

18*4 35%

I 51% 57 14*6 12

I 36% 13

i 19

25%112%U27,910500

16%3372%22%96%4818%43%

109

*63""""67%16*2

10918%36%52571411%36%1419%

©anxmevcial and 2#ttsceIIatie0tis IlettrsCo inag e b y U nited Sta te s Min ts .— The following state­

ment, kindly furnished us by the Director of the Mint, ah wg the coinage at the mints of the United States during the month of July and for the seven months of 1897.

D en o m in a tio n s .J u ly . S even M on th s 1897.

P ieces . V a lu e . P ieces . V a lu e

$

377,0001,884,973

668,181 618 275

»37,699,460

6.681,8103,091,375

*26.572

37,700

10,629'5ollars......................

Total gold............

Standard dollars....

37,700 377,000 3,182,0588,827,351

9 '5 ,3 9 2,863,168 3,531,728

47,499,2178,827,351

457,689715,792353,173

90,000544.000790.000

45.000 136.000

79.000Quarter dollars.......Dimes........................

1,424,000537.000700.000

260,000

26,8507,000

16,137,626

8,6°0,68121,769,293

10,354,005

434,034217,693

Total minor..........Total ooinaee___

1,237,000 33,850 30,449,974 651,7272,698,700 670,850 49,768,658 58,504,949

Changes in L e g a l Tenders a n d N a t io n a l Ba n k N otes t o August 1.—The Comptroller of the Currency has furnished us the following, showing the amounts of national bank notes July 1, together with the amounts outstanding August 1, and the increase or decrease during the month ; also the changes in legal tenders held for the redemption of Bank notes up to August 1.

n a t io n a l B a n k V otes—Amount outstanding July 1, 1897 .Amount issued during July..............Amount retired during J illy............

Amount outstanding August 1 ,1897*.. L eg a l T en d er N o tes—

Amount on deposit to redeem national banknotes July 1 ,1897 .....................................

Amount deposited during July...............Am’treissned and bank notes retired in July

Amount on deposit to redeem national bank notes August 1 ,1897.......

J51«,4671,115,657

$709,8301,115,879

$231,356,126

597,190

$230,758,936

$24,666,029406,049

$24,259,980♦Circulation ot National Gold Banks, not included in above. $85,320.According to the above the amount of legal tenders on

deposit Aug. 1 with the Treasurer of the United States to redeem national bank notes was $21,259,980. The portion of this deposit made (1) by banks becoming insolvent, (2) by banks going into voluntary liquidation, and (3) by banks reducing or retiring their circulation, was as follows on the irst of each of the last five months:D ep osits by— A p r . 1. M a y 1. J u n e 1. J u ly 1. A up. 1.

tnsolv’nt hks. Liquld’g hks. Red V g unde,

aot of 1874.

$1,184,2534,825,026

17,981,913

$1,129,3944,852,970

18,051,331

$1,341,479 4 858,243

18,448,049

$1,394,9625,216,306

18,054,761

$1,316,4325,285,606

17,657,942Total....... 23,941,192 24,033.695 24,650,77' 24.666,029 24,269,980

* Aot of June 20, 1s74, and July 12, 1882.National Banks.— The following information regardin

national banks is from the Treasury Department:NATIONAL BANKS ORGANIZED.

5082.—The National Exchange Rank o£ Springfield, Missouri (oaoita $100,000), James E Keet, President; Edward L. Sanford* Cashier.

5033.—The Vinita National Bank. Vinita, Indian Territory (cipltal $50,000); William Little, President; Davis Hill, Cashier.

CORPORATE EXISTENCE OF NATIONAL BANK EXTENDED,2366. —TheQuakertown National Bank, Quakertown, Pennsylvania

until June 25, 1917.2367. —The First National Baukof Eaton Rapids, Michigan, until July

3, 1917,IN LIQUIDATION.

1442.—TheTIanoock National Bank of Boston, Mass lohusetts, has gone into voluntary liquid ition, by resolution of ns stockholders dated May 20,1897.

2423.—The Fourth National Bank of Columbus. Ohio, has gone iuto voluntary liquidation, by resolution of its stocab alders dated June 15, 1897. to takeeffeot June 16, 1397.

3953.—The Natloual Bank of Hsppuer, Oregon, has gone into volun­tary liquidation, by resolution of its stockholders dated June 19, 1897, to take eft at on that day.

4893.—The South Milwaukee National Bank, South Milwaukee, Wis,, has gone into voluntary liquidation, by resolution of its stockholders dated May 12, i a 47. to takt effect Ju y l, 189 7.

3114.—Tile First National B^nk of Alamosa. Color ado. has gone into voluntary liquidation by resolution of its stockholders dated July 1,1897.

4464.—The Metropolitan National B ink of Kansas City, Missouri has gone into voluntaryliquidation by resolution of its stock- ho’ders dated Juno 30, IS97.

3503.—The Atlas National it ink of Chicago, Illinois, has gone into voluntary liquidation by resolution of its stookn tlders dated February In, 1397, -

3570.—Tile Farmers’ Naii mil Bank of Culpepper, Virginia, has "one into voluntary liquidation by resolution of its stockholders dated July 12, Isa7f

1 3 0 3 .-Tile Mercantile Natihnal Bank of Hartford, Conn , ha*> gone into voluntary liquidation by resolution of its stockholders dated July 20, 1397

3239.—The First National Bitnk of 9t. Louis, Michigan, has gone into voluntary 1 qttidatiim by resolntio of its stookho’ders dated July 1, 1897, to tai" effeot July 6,1897.

August 14, 1887.] THE CHRONICLE. 2653938 .—The Wellaborotnrb. National Bans. V'eUsboroueh, Pennsylvania,

haa gone into voluntary liquidation by resolution of its stock­holders dated August 5. L»97. to take effect August 8,1897.

IXSOI.VSST.535.—The Keystone National Bank of Erie, Pa., was on July 26,1897,

plac. d In the hand* of t n o t it. Hayes, receiver.1332.—The Merchants’ National 8 ink of Jacksonville. PI a., T. V.

Porter, appointed receiver in place of E. I . Shubriofc (re­signed), to take effect toga-t 2, 1897. _

4158 . - The First N dional Batik of anaoor e-, Wash., P. W Strader, appo utel receiver to place of F. W. Hawkins (resigned), to take effect July 28, 18 i7.

1813 —The Merchants A Miners’ National Bank of Phllipsburg, Mont.,W as on J u ly 29 . 1 3 9 7 , p ia c e d in th e h a n d s o f S a m u e l A. S w ig g e d , r e c e iv e r .

Im po sts and Ex po r ts fo r th e W eek .—The following are the imports at New York for the week ending for dry goods Aug. 5 and for the week ending for general merchandise Aug. 6 ; also totals since the beginning of the first week in January.

FO&BI05 IMPORTS AT SBW YOBS.

In our report of the dry goods trade will be found the im­port of dry g< ods for one week later,

The following is a statement of the exports (exclusive of specie) from the port of New York to foreign porta for the week ending Aug. 9 and from J tnuiry l to dute s

EXPORT* PROM SEW TORll FOE TUB WEEK.

1897. 1 8 9 6 . 1895. 1891.

For the tw k 97,183,811 *5.993.896 $6,111,892 fS ,210,367Prev. reported. 236.001,030 221,351.111 195.310,519 213^31,290Total 31 weeks *213,l!>3,590 $227.:i lu.HlO 8201.032.131 *222.171,603

The following table shows the exports and imports of specie at the oort of New York for th» week ending Aug. 7 aud since January l, 18k?, and for the corresponding periods in 1806 and 1895:

Kxroirrs a s o utroftT* of *ruci« at saw matt.

miter.

Great Britain..........F r a n c e ..........................Germany........... .West Indie*.............M exico............... .South America...., All other countries

Total 1897......... 8981,770 *29,378.679T o ta l 1 8 9 6 . . . . . . 1 ,1 5 5 ,3 6 7 3 1 ,2 5 0 ,6 8 5T o ta l 1 8 9 5 .......... 1 8 9 9 ,6 1 8 2 2 .1 6 0 .3 8 7 i

$60,218 $1,O'‘ 6.033 107.277 1.656.73068.250 1,169.531

Of the above imports for the week in 1697 $14,861 were American gold oo1n and $1,613 Am“rtcan silver cola. Of the exports during the same time $757,900 were American gold coin.

—Th« Hand-Book of Railroad Securities, issued from the Chronicle office in July, gives the monthly high and low prices for stock* and bonds for 1896 and to July J, 1897. It also gives the yearly range from 1891 to 1896 inclusive. Par­ti-s desiring a monthly range for a series of years will find it in our annual—The Financial Review, where the monthly range to given for five years. The 1897 issue includes 1892- 1896, Copies of the 1883, 1888 and 1893 issues can be had carrying the range back to 1378; price two dollars per copy,

—The Hecker Jones-Jewell Milling Company has declared a quarterly dividend of 3 per cent on preferred stock, pay­able September 1, The coupons on first mortgage bonds, due September 1 will be paid by the Franklin Trust Company, Brooklyn.

—A dividend of one and one-half per cent has been de­clared on the Central Trust Ceriificates of Deposit of the Chicago Oaa Company, payable August 25 at the Geo I rti Trust Company, New York.

— Attention is called to the list of bonds advertised in our Municipal Department by Messrs. Mason, Lewis & Co,, Bos­ton and Chicago,

—Messrs. Parson, Leach A Co. offer for sale $100,000 Syra­cuse. N. Y ,, 3l£a. Price on application at their office, 2 WallStreet,

F or ton T rade o f N ew Y o rk— Mon th ly Statem en t .— I a-. addition to the other tables given in this department, made up from weekly returns, we give the following figures for the full months, also issued by onr New York Custom House, The first statement covers the total imports and exports of merchandise and the Customs receipts for the seven months of the last two seasons.

For week. 1897, 1896. 1895. 1891,

Dry goon*.......Genl mer’dlae

Total........Since Jan. 1.

Dry good*.......Gen i tner’dlae

$1,253,9571,878,109

$2,201,0114,206,154

$3,076,9927,234,166

$1,903,1396,211,111

$5,933,366$90,789,515236,75 6,765

$6,110,198$70,796,203208,901,096

$10,313,155$88,998,156221,237,231

$8,117,830$40,839,212211,855.950

Total 31 week* $327,5763180 *279,786.299 $3X0,235,410 $261,695,162

0<M\Ereerh tm porit

Wmk, Week. Since Jan. 1.Great Britain.........

15,477,473 $750,000 11.780.000

2.500, 472.177 ........... 2,030

73 $112,68910

W*#t Indies........... $278,1237.-05

10,921130

lp56MSa91.387

South America......All other conntrlea.

5A00 167.067: ............ 750,200

153,2811173,105

Total 1«07......Total 1*!>0........Total 1895......

$757,000 $29,028,907 36.050 50.016,842

2.096.800 40,261,615$207,352

82,96040.631

$2,-92,478 18,997,216 21.732.800

Exporte. Import*.Week. Since Jan. 1.

$27,319701fe8,0005,750

231,701500

150,9211,983

Week. 1 Since Jan l.$981,310 ........... $51,601

123 1,143. . . ___ ! 2,321

$27,626 181,670 31,286' 869,169

350! 561,269 833 ' 28,600

4301 .. ................

MOXTH.

MSRCHA?r»ISa MOVEMENT AT NEW YORK. Cu sto m s R e c e ip t s , a t N e w Y o r k .Imports. Exports.

1897. 1808. 1807. 1806. 1897. 1896.

Jan uary....February...March........A pril,,,M a r .. . . . . .J a n e ,, ,. . . . J u l y , . . . . . . .

Total...

* %34,115,110 44,795,519 38,974.044 40.981.021403**8.300 42.285,571 59,939.218 37,918,059 43,851,475; 35.638.09149,074,612 30.507,351 33,400.976' 33*254,110

1553,407,09430,318,70131,532.48"31,112,556"34,959,80-33.792.9i-831,142,80?

*33,801,74227,377,90230,003.81529,929.85229,862.91830,822,09430,830,037

%7,705.4008,839,780

17*379.63317,711,3339.092,276

14,7-8,78012,309.57*4

$10,424,67510,077,4439,320,0147,584.0377,360,(597,213,8228,259,048

311,003*831 27! ,4559.73) 229,027.001 i 12.62-.4,'0 87.4-0.800 60,2Sa598

The imports and exports of gold and silver for the seven, months have been as follows:

Goto Movement at new took. S M .M B -N X W T o n s .MONTH. Importa

11Exports. Imports. Exports.

1897. 1896. ia#7. i s m ; 1897. 1897.S * * » * *

Jan earr.. 2*1,329 7,217,065 302.281 10,838,473! 950,934 3,421,008Fabrtiikry,« 286,102 9,792.44 0 185*181 1,609,! SO* 80O,58I 8,753,205Marefi. . . . . . 0O«,S51 289.107 807.58I 304.605 j 845,455 4,233,532A aril. . . . . . . 299,03* 708.781 0,567,602 3 ,27V 771 928,194 4,450,520M a y ... , , , . . . m j m ■ m .m 0,453*187 18,085.451 1,074,185 8,685,332J a n © .,.. . . , . 339.826 378,885 7.318,203 5,875.013 1*518,054 4.SQ9.637July.............. 230.018 359.047 4,551.13. S.99aS70j 1,004*900 3.812,615

T o ta l. . . 2,*312270 18,957,229 29,018,100 SI -1 11 _ 7,788,253 27,095,109

City Railroad Securities.— Brokers’ Quotations.

— -Bid. A»k.

Atlas. Are., is kirn—Com. 5*. g„ U f l AAO }103 Impt, S i r , 1831 JAJ 77

Bl’rek.St-AFal F - .“ IE.; 30 l»tw w .,?».l800 J.tJ nos

Il’wnr <St7th Are,Stock 209 l»tmon,.5», m u l i b 106 26 mart., «* , UM4. J A J S107 lrw afln t.5-.K U or.19H 4 1116 2d * « , t a t a» r e u t 'l . l905 101 OOBAol. 6 a «M 3 .J A J 120M «».8 t .R » . s « n .5 » , ’0S 1 .........

B rooklyn City—S lo e * . I 198 C m ol. 5«. 1 9 4 1 ..J A J f 111 Btflin.Cro*At'n »«.1B081 106 BkTBU'u* O o.A Sub. 1st 1<S

Bkl*n c .A X cw tN ra—S :k J605#, 1939 ................. 118

B rooklyn R apid T ran oit. ! 32a*, 1M4. ........A AO 1 86C’rntra1 Cron,town—Silt | jfi*

Bid. AskD, D. E .B .A B at’y - S t k . , 190

164 : l«t.go;<!,5*. l><82..J,tJ 115SO scrip.............. . ... J10133 E l j b ! ‘ i A v en u e—S to c k ... 320

108 Scrip, 6*. 1911...........| 100205USns108120*$104116108loa*.

ljLBHh

6040

119** 122 H 100

160

1*1 M ..6». 1922. M AN 4115 e « » . I’ k .X .A E R lr .— itk 171

Consol- 7s, 1002. , J 1 1 ) 113 C olum bus A- Bib A r e . 5*. I ! )■>■* ch rG t ’ p’ rA lOrb S t —Stk I 155

1st inert.. 1899. AS O : 102

Iff120!0<>104

12.1 A Or. s t .F e .--S tocks »2013.1 81 . Man. A at. S .A v . 35

1st m ore n s .1 9 lO .J I .ss j l l O 2 d ninrt Incom e6a..I.SJ

K ings CO Turn.—s t o c k ..Lev. A te ,A l‘ :,v l-*1' l y 5s M etropolitan T ractli « ... N assau E leo, f s , 1 9 4 1 ... N 'Y -A Q iuh-us Co. 194 8

' s t t -ln w a y l-t 6m.'33 JA J N inth A ton n e—s t o c k . . . Second A v e n u o —S tock .. 120

in tm ort.,5* ,190t* ,M *N 10.4 Dr bent u rots . 1909..IA J 102

Sixth Aveoce—Stock__ 190Third A venue—S t o c k . 1S4

U tm e r t .S s , 193 7 ..JA .) 122 T w enty-T h ird e t .— S tock 300

Jieb.5*. 11*03................... 103Union R v—S tock .........

1-1 5a, 1842........................ {108X V oslchc-t ’ r. l - t ,g u ..5 s flOO

ib T

4 And accrued Interest.Was Securities.— Brokers’ Quotations

CIAS C O M P A N IE S . : Bid.

B’klyn Onion Gas-Stock. 118Bond*-.________ ___ _

! rat. . , ...............Conan mer,' (Jersey City).Bonds.............. .Jersey City A Hoboken.,.M etropolitan—B on ds.........Mutual (X. v.)............X. V.A East ftlr. IstS*..

P re ferred ...........................Common..........................Consol. 5*....................

115205

71101185£2113

'U118

! A,k- GAS COMPANIES. hid . A»k

:120 |

M

People?# {Jersey City;...Wl let ......Felton Municipal Ga..—.Kqti*fable ... . ...........

B 0s, 1809............»U Paul. . . . . ....................

iSS10510350

170

i r52*a

28* !78 80

131 135114 ! 124 12990

118Western Oaa......... .........

Bonds, 5a...a.. . . . . . . . . . . .84 h

10185

102

Auction Sales.— Among other securities the following, not regularly dealt in at the Board, were recently sold at auction:

By Messrs. Adrian H. Muller & Son :B o n d !.Sh are*.

50 Cotmnonwoalth Ina. Co..105 10 A trier. Automatic Banjo

Co......$100 each...$6 per 8b,$6,000 Dry Dock E. B. A Bat.

KR. Co. 5 p. o. oert. of in-dibtedoees............................ lOll*

$5,000 Genesee A Wyoming Val. Ry.Co. Iet0»,’20. J&D 21

g i t l i n i n g i t m l f f t m t u c t a l

S p e n c e r T r a s k & C o . ,

BANKERS,27 & 29 P IN E S T B R E T , . . . N E W Y O R K .

- 6 5 Slate S treet, A lb a n y .I N V E S T M E N T S E C U R IT IE S .

Georoe Barci.at Moffat. A i.hxa.ntieh M. White, Ja

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 KIN V E S T M E N T S E C U R IT IE S .

26b THE CHHOMCLE. [Vol. LXV.

D I V I D E N D S .

N a m e o f C om p a n y .

Railroad** ( S te a m .)

pref.Mexican Northern (quar.).........

■Street R a i l w a y * .Third A> enue, N. Y. (quar.).......|

Mlaeellaneons.Adams Express (quar.) —American Coal....................Heck.-Joues-Jewell Mills pf. (qr.)

United States Oil.................Welsbacli Commercial prf. (qr.).

P e rC en t.

W hen B a y able.

3 Sept. 11%) 2 J Oot. 123j Sept. 11 Sept. 22 Aug. 252 Aug. 30o Sept. 14 Sept. l 12 Sept. 15 Aug. 15lkj Sept. 12 Sept 10

B o o k s c losed . (D a y s in c lu s iv e .)

19 to Sept. 121 to Sept. 2 12 to Aug. 19

15 to Aug. 30

14 to Sept. 120 to Sept. 122 to Sept. 21

toAug. 21 to Aug. 31 Sept. 1 to Sept. 10

W A L L STREET. F R ID A Y . AUG. 13. 1 S 9 7 -5 P. M.The Money Market and Financial Situation.—Business

in W all Street has this week assumed larger proportions in all departments and activity lias developed in all classes of railway securities, including many hitherto dormant issues. Values have continued to advance, with slight interruptions, and in this respect the expectations of the most sanguine optimists have been more than realized; notwithstanding the fact that London has continued bearish in sentiment and has taken very little interest in the movement in prog­ress here. Latest reports from the other side, however, are to the effect that .the sentiment there is changing, and it is quite possible that foreign buying of our securities may be­come prominent in the near future. There is no diminution of local interest at the moment and W all Street does not need any new stimulant.

Present conditions are due chiefly to the evidences on every- hand of new activity and returning prosperity, which has been so long delayed. The number of railways which are reporting substantially increased traffic is becoming larger each week, and from all quarters are coming reports of a revival of industrial enterprises.

The export demand for wheat shows no sign of diminu­tion and indeed promises to continue through the year. In response to this feature wheat has this week sold at the highest price quoted for it since 1891, and the benefits which seem to be assured to the country- from this source will be large and widespread.

The foreign exchange market is abundantly supplied with grain and cotton bills, and as the demand is limited rates have further declined. The London money market has be­come firmer and private discount rates have advanced. There is a better local demand for money and higher quota­tions are looked for.

The open market rates for call loans on the Stock Ex­change during the week on stock and bond collaterals have ranged from 1 to 1% per cent. To-day’s rates on call were 1 to 1% per cent. Prime commercial paper is quoted at 314 to 43d per cent.

The Bank of England weekly statement on Thursday showed a decrease in bullion of £366,778 and the percentage of reserve to liabilities was 51-22 against 49'93 last week; the discount rate remains unchanged at 2 per cent. The Bank of France shows an increase of 9,200,000 francs in gold and50,000 frvncs in silver.

The New York City Clearing-House banks in their state­ment of Aug. 7 showed a decrease in the reserve held of $3,921 .200 and a surplus over the required reserve of $41,- 002,125, against $45,720,150 the previous week.

Capital..................Surplus.................Loans <fe (liac’nts.Circulation..........Net deposits........Specie............ .Legal tenders___Reserve held.......Legal reserve....

Surpl u s reserve

1897. D ifftr e n ' s fY m A ug. 7. I 'rev . w eek .

1896. A ug. 8.

1895. A u g. 10.

$ $59.022.700 . . . . . .......74,363,900 ...............

549.562,100 Inc .6,566.20013.384.700 Dec. 46,400

626,232,300 Iuo.3,187,30092.129,800 Inc. 632,400

105,430,400! Dec.4,553,600 19?,560,200 Deo.3,921,200 156,558,075 Inc. 796,825

60,622,700 62,622,700 73,294,000 71.542.100

468,037.600 510,976.100 14,963,200 13,173,000

477,161,500,573,677,300 46,545,800 65,480,500 86,560,909; 116,879,600

133,106,700! 182,360,100 119,291,125 143,419,325

11,002,125 Deo.4.718,025 13,815,575 38,940,775

Foreign Exchange.— Except a slight tendency to firmness on Wednesday, the market for foreign exchange has been weak, especially for long bills, which are quoted at the lowest rates of the year. Grain hills are freely offered and some cotton bills have appeared. The demand is limited.

To-day’s actual rates of exchange were as follows: Bank­ers' sixty days’ sterling, 4 83%@4 8 3 ^ ; demand, 4 85340 4 85% ; cables, 4 85%@4 86. 73

Posted rates of leading bankers follow :

A u g u s t 13. S ix ty d a ys. D em an d.

4 84!s®4 85 4 86tfi@4 874 83 ri>i 83Q .......... .

Prime bankers’ sterling bills on London.Prime commercial..................................... _ __Documentary commercial......................... ,4 82%®4 82%Paris bankers’ (francs:. ........................ 5 20 @5195lti5 181^51816Amsterdam (guilders) bankers.................. 40 @40>i« '' 40h«@4OJ<iFrankfort or firemen (rolclunarks) b’kers 947e@94i5,n l 956,” ®95

Tbe following were the rates of domestic exchange on New York at the under-mentioned cities to-day; Savannah buying 1-16 discount, selling par; Charleston, buying par, selling 3ij premium; New Orleans, bank, $1 00 premium; commercial, 50c. discount; Chicago, 20c. per §1,000 pre­mium; St. Louis, 75@50c. per $1,00(1 premium.

United States Bonds.— Sales of Government bonds at the Board include §14,500 4s, coup., 1925. at 125% to 125%; §16,i 00 5s, coup., at 113% to 113%; §2,000 5s, reg., at 113%; $6,0 0 2s, reg., at 98%, and §1,150 4s, reg., 1907, at 112. The following are the closing quotations:

........................reg.1907 .............reg.1907...........coup.1925 ______ reg.1925...........coup.1904.............reg.1904...........coup.cur'cy, ’9 8 ...reg. eur’ey,’99-.-reg. (Cher.tl898.reg.! (Cher.)1899.regJ

In te re s t A u g . A u g . A u g . A u g . A u g . A u g .P er io d s . 7. 9. 10. 11. 12. 13.a -M eh . * 97% * 97 * 9713 * 97% 98% * 9719Q.-Jan. n n % *111% 112 *111% *11134 *11178U.- Jan. U2»a *112% *112 19 *112 112 *112Q.-Feb. *125% -1251a 125% 125% *12538 125%Q.-Feb.Q.-Feb.

*125% *125% 125% 1253s -1253s *12533*113% J1378 *113% *11338 *113% *113%

Q.-Feb. 113% 11378 *113% 113% 1133s *1133sj . & j . '102 *102 *102 *102 *102 *102j . & j . *105 *105 *105 *105 *105 *105March. *102% *102% *10214 *10214 *102% *10214March. *102% *102% *102% *102% *10214 *102%

- This Is the price bid at the morning board; no sa te was made.

United States Sub-Treasury,—Th^ f 'flowing table snows the daily receipts and payments at the Sub Treasury;

B a la n ce sDate.. R ec e ip ts . P a y m en ts .

Aug. 7 “ 9 “ 10 “ 11“ 12 “ 13

$2,579,9923,923,3322,049,7743,370,6602,953,1333,136,800

2,483,7324,164,1852,684,0602,987,9434,442,0513,886,569

Total.. 18,013,591 20,648,540

C oin . (Jot.it C ert's^

$148,996.489148,852,202148,794,390148,781,107148,667,754148,584,321

$1,947,1272,112,8961,706,8242,043,4061,872,3391,843,955

.................... 1

C u rr e n c y .

59,345,51659,083,16458,912,83758,972,25557,767,75757,129,806

Coins.—Following are the current quotations in gold for coins :Sovereigns........ $4 88 @$4 91Napoleons........ 3 88 @ 3 92X X Reicbmarks. 4 78 @ 4 8225 Pesetas......... 4 78 @ 4 81Snan. Doubloons.15 50 @15 70 Mex. Doubloons.15 50 @15 70

Fine Silver bars.. — 55%® — 57hiFive francs.......... — 90 @ — 96Mexican dollars.. — 42Q@ — 44^Peruvian sols___— 387a @ — 41 hiEnglish silver___ 4 86 @ 4 90U. S. trade dollars — 60 @ 75

Fine gold bars... par @11 prem.

State and Railroad Bonds.—Sales of State bonds at the Board are limited to §5,000 Tennessee settlement 3s at 85 and §1,000 Alabama class A at 107%.

The demand for railway- bonds has increased and on sev­eral days of this week the par value of transactions has exceeded four million dollars. Of course under such condi­tions higher quotations are the rule, notwithstanding some weakness to-day in sympathy with the stock market. This feature is most prominent in the Kansas Pacific 1st consols, which advanced 6% points. Several issues advanced 2 points or more, including Mobile & Ohio general 4s, San Antonio X Aransas Pass, Union Pacific Denver & Gulf, Brooklyn Elevated and Union Elevated bonds. A large list of quotations is higher than our last, including Atchison adjustment 4s, Chesapeake & Ohio general 4%s, Erie, Missouri Kansas & Texas 2ds, Northern Pacific general lien 3s, Oregon Short Line income As, Reading general 4s, Rio Grande Western, Southern Railway and Norfolk & Western, among others. Special activity is noted in the Atchison, Chesapeake & Ohio, Central of Georgia, Erie, Kansas Pacific, Missouri Kansas & Texas, Norfolk & Western, Northern Pacific, Oregon Short Line, Reading, San Antonio & Aran­sas Pass, South. Railway, Texas Pac. and Union Pac. bonds.

Railroad and Miscellaneous Stocks.— The activity which was noted last week in the stock market has continued with­out interruption and the volume of business has increased. Prices have advanced with some slight irregularity, the gene­ral tendency being upward, and the net gain for the active list averages several points. A feature of the present market is the demand for low-priced shares that have recently been neglected, the advance in which in many cases is large. The grangers continue in favor in anticipation of the heavy grain movement which seems to be assured for the remainder of the year. Burlington & Quincy advanced over 6 points, Chicago Great Western over 5 points, Atchison preferred 4 points and St. Paul 3% j points within the week. The an­thracite stocks are responding to the better conditions which are likely to prevail in the coal industry- by an advance of 5% points in Central of New Jersey and 6 points in Lacka­wanna. Baltimore & Ohio sold at 17 on Thursday, a gain of nearly 7 points, and earlier in the week Manhattan Elevated was in sharp demand, which carried the price up about 12 points to 107%. Sales to realize profits have been on a liberal scale to-day, and a decline of the active list averaging be­tween 1 and 2 points has resulted.

The miscellaneous list has been relatively steady and ex­cept an advance, averaging 3 points or more, in American Sugar, American Tobacco, Western Union, United States Rubber, Tennessee Coal, Iron & Railway and Colorado Fuel & Iron, some of which; has been lost to-day, changes are un­important.

August 14, lts9?.] THE CHRONICLE. 267NEW YORK STOCK EXCHANGE—ACTIVE .STOCKS fo r week en iin 7 A U J. I t , a n i rinee JAN. I , 1 S »7 ,

HIGHEST AND LOWEST PRICES.

21% 22

MS*98II

5099

«7% 68 •142% 144

32 32>

Monday,Aug. 9.

Tuesday, |Aug. 10. j

14% 14%; 28% 30

11% 12% 31 34

> . . . . . . . . . . . .55% 57

i 94% 97% . *10 10%

21% 21% 159% 159% 98% 96%

1 *40 50

14% 14%' 28% 30% 11% '2%31% 32%’

*71% 72% 54% 50 ! 95% 97%

*10% 11 | 21 21%

*156% 159 1 93% 95%

*46 50 * ___ 1009,;

16% 19% 17 19 >: 1 1 % 1 1%: 11 11%

33% 33% 32% 33 ; 98% 84 91% 93%

142% 142% §142% 142% j 119 120% 117% 119%

St 85% 83% 85 07% 09% 07% 08%

; 143% 143%:*144 14032 32% 31% 32%

32 33%72% 7355% 55%12 12

MS 50

119% 120 HO 120% 13Sm i!)% 158% 159% 159% 102% 161% 163

14 13 1347% 47% 47% 48 46% 47%17% 18% 17% 18 17 18%41 41% 41% 12% 40% 4223% 23% 21 24% 23% 24%

19 2011% 11%3-2 33%

119% 120%

315a 32i% 12% 17 32 32%

*71% 72%55% 55% 90% 98% 14% 14% 21% 22%

158 §158% 1«090% 98%

*46 50*97 100%19 20%

510% 10% 32 32%94 94%

142% 142% 120 120% 164 16585% 86% 68% 60%

143 14533% 34

84% 85%68% 69%

114% 141%32 33%75 75

119% 120%163 103% 163*12% 13%47 4718 18%42% 42%

4% 24%

STOCKS.

A ctiv e H It . s to ck * .15% 16 Atchison Topeka & Santa Pe. 30,956 31% 32 Co prat. 157,18114% 1 8 % Baltimore A Ohio................... 15,34?31% 32 Brooklyn Rapid Transit........ 13,268701% 7 0 % Canadian Pari llo................... 76053% 55% Canada Southern.................... 14,16995% 9 7 % central of New Jersey............ 4",0-814 14 Central Paoitle........................ 1,53021?8 2 2 % Chesapeake <k Ohio................ 55,019

.................. Chicago % Alton...................... 682 <,147 July 2295% 9 7% Chicago Burlington it Quincy 214,326 — -

‘ 50 52 Chicago At Eastern Illinois........... l»OH Do pret,

18% 19% Chicago Great Western........10% 10% Chic. Indianapolis & Louise.31 32% D„ pret.93 % 91% Chicago Milwaukee A St. Paul

143 143% Do pref119 % 120a, Chicago & Northwestern.104 164 ; Do pref.84 % 86%, Chisago Rook Island A Pad tie 68 08% " '

*14 4 14533 31

122% 122% 121% 123% 5124 124 *120 125

120% 121% HO 119%tat 1 le t 102%

13 13 13% 13%♦46% 47% 46% 48 8,17% 18V 17% 19% E rie ....42% 43 - 42% 43 i Do25 25% 21% 25 i Do

- • j Great >

Chicago St, Paul Minn. A Orn. „ Do pref.Clove, CiaelB, Ohio. A St. L...

Do pref.Delaware A Hudson...............Delaware LaekawaunaA West Denver A Rio Grande Do pref.

124% 126 | 129% 131 ;Great Northern, pref1st pref. 2d pret.

108% 110k xJOd 109 ' 104% 106%; 106% 107% 106% 107% 106% 107%LlUlnoi*Oentrai........................m . .»»,( «*. «'». ■' <%.»-. r»*._i a . •«». % » *ti.! tAo 1 -m .IYaw* Ab.«*««1pref

59%

9% !'% 9% 9% 9% 9% 9% 10%33% 34%; 33 4 31 33% 33% 33% 3118 18‘4 18% 1 8% *17% 18% 18% 18%

§73 71% 71 74 73% r.\h *72 74174 175 :* ...... 17 .% * m 174%' 171 174%47 47 ! 17 47 |48 4.8 ; 45% 45%59% 59%; 59% 60% 59 5;»% 59% 61%

102% 108 103 1 07'% 103%H>*.% ;<H%1O0119 118 >118 119% 118% 120%> 120% 121%103% 106 I 103% 105% ................... , 106 to6 %21% 24% | 21% 23 24% 24% 2 3 28%87 87 j §87 87 : >87 .97 ! 87 89%56% 59% -% 58% 56% 57% 58% 59%15 15%; 15% 157, 15 % 15% 15% 111 . . ------ . . . . .35% 38%; 3,5% 30% 31% 35%; 35% 36 36% 37 35% 3 *7*1 Do26% 27 28% 29% *26% 28 277* 2 8 %; 28% 29% 2 8 % 20%lMli«,;<uri Paolflo...

“ ■ ............ ■“ -•* ’44% 24%' — * M *** — •*■*•

Sales of the

Week, Shares.

11 n % ; 107, u%)low*Central....34% *35 35% 35% Do18% 19 ; 18% 19 Lake Erie A Weatern.............73% 73%! 73 73% Do pref.......171% 173% 173% UkeShore AMloh-Sonthern I .......« « 46 ‘ 44 50 ■•Dong Island............................. 895

<a% 1 - * '>51- - .;> s .,.v > ;if ...........li.'V .’ st*

207,571 3,191 5,166

290,901 1,242

19,95 * 300

106,614 19,485

200 13,160

109 6,919

12,213 400

8,957 33,159 14,162 7,111 1.760

42,782 6,690 2,68 « 2,430 1,025 1.791

‘ 2* 24% 24 % 24% 24 24%14% 14%

........ 7« >*35 37 1178 18" !167s 17 .10% 16V 38 38%;12% 12%

H% 14% 15*74

15 V 76

15% 1675 *0

105% 104 105 Manhattan Ek>vated,consol.. 61,773122%; 121 123%;Metropolitan T r a c t i o n . 16,255106% $105 100% MlchlKanCentral...................1 1,05-26% 24% 25% Mlnaeapoils A St-Iemla........ 9,59089 ; }Ss% 88%' Do letpref.i Sis58 > 56% 57 I Do 2d pref. 3,"If.1 0 %' 15% 16%;MUsonriitaanne A Texas.......• 14,307

pret : 27,688..................................... 53,000

2 4% 30 29 31 Modle A Ohio.......................... 6.189107 106% 106% 10 3% 106% t o * 107% in s I 107% 107% 10 1% 107% Sew y o rk C e n tra l 'A H a d io m 33 ,07s

IS * I V 46% 47 | 2--« 2-% *•6% 66% 22 24%17% 18% 58 60

5322

53%32%

50 515% 8%

44 t ‘ %14 14 '

■50% 60 «% <1%

54% 50

30%. 38% 39 i 30 40 3 9 %5179% 179% §179 1 7 9 %:- 178% 170% §178

1 0% 17%, 16% 16% 17 17% 17%>16 10 i 10% 10V 10% 17% 1738 39 V 37% 38 V 38% 39 3013 13 *12 13 13% 11% 1434% 34 % 33% 33%, §31% 35 3515% 1« 15 *» 10 - 10% 18% 10%47 48%. 47% 48%, m% 50%29 29 : ”2% 29 ' •2 0 % 29 *2008% 66% *05% 67 §05% 05% 64%22% 23 21% 22% 22% 23 2118 1.8% 17% 18% 29% S"%5«% 0 0 %; s»% 59% 80 lil) 60%25% 27% 25 % 2li% 2 1% 27% 20%52% 54 % 52% 53% 55 54%32% S3 . 32 32% 33 83% 3521, 21 | . . . . . . *21 22 2251. 52 1 31 51% 51 m *51

5 % ■W 5% 5%. 5% 5 % 5%

15% l«*75 78

15% 10 [New TorkChicago A St. Louis; 2,785*70 SO*38% 39%

DoDo

let ptaf.’■tE&i

2175,300

Range for year 1897.[On basis of loo-thart lots,]

Lowest.

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

18% Jan. 7 46% Mar. 29 44% Jan. 13 68% May 24

7% Apr. 20 15% Slav. 2969% Jan. 5 37% June 7

595 Jan. 9 3% June 23 9% July 30

26% July 30 69% Apr. 19

130% May 6 101% Apr. 19 153 Jan. 12 60% Apr. 19 47 Jan. 2

133% Jan. 182 1 % June 163 June Ifl 99% Apr. 1

146% May 209% Apr. 20

38 Apr. 20 11% Apr. 19 27 Apr. 10 15% May 24

120 Jan. 16 91% Apr. 1"

6 Apr. 1523 June - 13 May 11 58% Apr. 1

152 Jan. 2 40 June 10 40*8 Apr. 19 31% May 6 99% May 3 90 Jan. 28 10 May 11 77% Mar. 18 46 Feh. 26 10 Apr. 19 24% Apr. 1910 May 6 19 June 92% Feb. 1811 Feb, 11 67% Apr, 1524 Fd>. 10

Highest.

_________, 229 iao Feb. 217% 17%,New York Ontario A Western.; 22,752] 1 2% Apr. 19

17% 1«% 10% Sew YorkBuwi..* West,,new. 4,920 ** *' "39% 36% 37%: Do pref.! 14,80514%' 13% 13% Norm!* A Western............. ...j 2,98235% 35 3 4 % Do pref. 2,73117 4. 17 17% Nor. Pacific Ky,voting tr.ctfa. 51,41 i* ’ * 49 50% Do pret. 170,064

29 Or. RR.A N»y.Oo.vot.tr.ct>f9,03 . Do pref,, vot, irusLeUa.23 .Oregon Short Line

44% 43% 13% §44 44 44% 4t%; *2%14 *13% 13%i 13 1-4 13 13 13%60 ....... *59 m *59 *3 1 *59

7 ’ 6% 7 < 6% 7H 7 9 | 7%60 <1%

85 58%; 54V 55%; 54% 56 10% 10% 19% 20 j 19% 19% 10% 20%

23%

3*53

8

*2883222088

20% PutehurgCinn.Gala ASt. L. 19,12058 Do

4.920 0 % May 28* 18% May 20

9 Apr. 19 22% Mav 5 11 Apr. 19 32% Jan. 5 10 June 8 37% Jan. $ 17% July a 11% Mar. 29

70S900

4,120

88,28254% i-’ piv.., ■>*■!, ' --.MAI

32% 33% 2d prof., voting tr. eertif*. 22,07052 52 Do

-00

pret; 8,110 44% Juno251 16% Apr. 19 138% Apr. 19 122% Apr. 19

11 % .1 uno 6pref. 1.266 §25 May 26

5% 6 St. Jtw. A 1 Id. I*i,, vot.tr.etf8. 5,505; 3% June 14•' 1st pref. 1,048. 37% June 10DoDo 2d pref. 1,276 10% July 28

60 ~L LouliiA.lt. A T. H.,tr.reots 200 00 Aug. 9Q I v. 44 15 1-11 ' . , . _ v/l

5% 5%12% 13%

' ------- 27*......... 8.1 !* 120 125

20 2 1 :

5% 5%13 13%.2677 77 |*

ISO 125 21 22

53% 57%21 22%;

5% 5% 3% 5% 5% 5%OS. .YOU 13 SO l 19SL

56 56%;21% 2 1%'

8 'St, L. A San Fr.. rot. Lr. otf». 19,171 4 Apr. 19DoDo

12% 13% 13*23 13%

7S120 125 120 12521 21%. 20% 20%

13% 13% *23 27*75 70

5 % 0% st. Lout* Southwestern.13% 13%. Do

*23 27 St. Paul A D o lu th ...„ ..78 Do pref.

lot pref. 8,472; 37 Jan. 292d pref. 10.180 12 Apr. 15

120 125 §120% 120% St. Paul Minn. A Manitoba..., ___40% 21 20% 211% Southern PaeUio Oo................. 4,830 13% Jan. 13

10,507 1 Apr. 1 pret. 10,52 8% Apr. 1

200 20 Jan. 4 100 472% July 16 50 114 Jan. 28

3% 8%*7% 7%17% 18% 1% 1%

56% 6%

3% 3%7% 7%

18% 19 1% 1% 6% 0%

3% 3% 3% 4%,7% 7%. 7% 7%

1* 19% 19% 191% 1%' 1% 1%

§6 6 1 0 % 6%

1 Apr. 24 1,7 3 4 %, Mar. 29

20,9104% 7%; 0 6% I'nloo Pacific Denver AGulf7% 8 8 8% Wabash _____ ____ _______ ., .

19 19 V 18% 10% Do prof. 10,466 11% Apr. 191% 2% ■' “ .............................. ......... ' '7 10%

1971

19%71

1971

19% 18 19% 19 19%71 % 69% 70% 70% 71

2% 3 Wheeling A Lake K n « ..„9% 10% Do pret.

j K U ru ilan eoa ii 8 to c a „.19% ii*% 19 19-% American Cotton » M 't o ........

. .. ......................... .... , 70% 70% 70% 70% D<> pref.15% lS% 1*V 15%, 12% 14%: l* 14% 13% 14% 13% 14 lAmerlcfan-pirn* Mfg. <\. . . .35% 35% 34 35% 33 31%. 3 4 34 3.1 ' 3 4 32% 33 Do pref

444% 145%; 148 146% 143% 445 1*4% 14*i , 145% 148% 145 S M*% American Sugar Beduing <to113 11* 115 110*1 115 115 % 118% 116% 116% 117% 116% 116% Do pref.93% 94% 94% 98% 04 95% 94 95% 93% 93% 92 93% American Tobacco Co______

HV% 111% 1 !*% 1 !5 115 US §11* H ‘ H I H4*g 113 H3 ! Do pref,15’ 1 10% 13% 16% 138 15%; I tV 15% 14% HA li% 14% Bay State D u -.........................

101% 102 5, K>I»% 102% 400% 102 101% 101% 102 103% 10*2 103% Chicago Has Co., cert*. Ufdep.489 190% 182 187 (83 189% 188% 190% 187 188 . 18* 189 Onnaoltdapol Gan ( ompanv

....................... * "* ** *37% 88 . *37 38% 430% 89 Consolidated Ice Co............. .85% 86% 83 80% 80% 86%; Do prof37 37% 37 37-H 36% 37% General Electric Co . . . . . ....3 6 % 86 V 36% 30% 355i 8«%;»* «on »l Lead Co.........

105 105 ; 105 103 104% 105 ! Do pref.31% 32 : 31% 33%, 32% 34%;paolfle Mail.........................

................... ....... ............................. jSUvar Bullion CertlHcatea..8% 9% 8% 3% 7 % 8%,Standard Rope A Twluo

23 29% 28% 29 Tennessee Coal Iron A HR..9% 9% 9 9%; United States Leather Oo.. ...

67 67% 00% 67% Do pref17% 18% 17% 18 United States Rubber Co. ....

61% 63% 64% 65 ~* **

21,7174,753

‘•1 Juno 1 2*a Apr. 15

3* 33 ' m 39 1 '37 3835 85 85 85 .95 8537% 37% 36% 38 i 34% 37% 3S% m 35% 39 1 85% 38%

§101% 10.1%, 104% 109 1*404% 105% 31% 32 31 32% 31 % 32

...................i 56 58 ........... ..,7% 8 i 8 8%

29 29% 29% 30%8% 9% S% 9%

««% 67k 65% 6j%16% Hi% 1 0% 17%61 61% 61% 6299 f>i%. 90% 03%

7% 8%29 29% 29% 30

8% 8V 9 9%«5% 67%' 67 67%10% 17%, 18% 1761% 614 **** 61% 85 Do90 V 92%; "9% 93% 93 93% 92% 93 % Western Union Televrapfi

pret.

5,875 9% May 281,937 52% Feb. 10

31,441 9% Apr. 234.505; 20 .1 an. 5

100,942; 109 % Mar. 29 6.271 100% Jan. 7

100,979 07% Fob. 15 1,981 10O Feb. 11

21.270 7% Apr. 1772,280 73% Jail, ft 0,800 130%.I an. 2

48 30 Jmtu lb 1,700 80 Juno 10 90% July 29

16 Aug. 13 32% Aug. 1218 Jan. 833% July 23 74 Aug. 3 57 Aug. 9

103% Jan. 1915 Jan. 5 22% Aug. 12

>170 Mar. 1 98% Aug. 12 45 Mar. 13

101 June 26 20% Aug. 12 1 2 % Aug. 4 33% Aug. 6 94% Aug. 12

143% Aug. 13 120% Aug. 11 165 July 13 86% Aug, 12 69% Aug. 9

148 July 20 31 AUg. 12 SO May 6

121% Jan. 6 164 Aug. 12

13% Aug. 13 48% Aug. 13 18% Aug. 11 43% Aug. 12 -25% Aug. 12

131 Aug. 13 110% AUg, 7

11% Aug. 12 35% Aug. 1319 Aug. 12 74% Aug. 5

175 June 22 55 Jan. 8 62% Aug. 12

108 Aug. 7 124% Aug. 11 10-;% Aug. 11 26% Aug. 12 89% Aug. 11 58% Aug. 11 10% AUg. 12 37 Aug. 12 2"% AUg. 13 31 Aug. 13

10-% Aug. 916 Aug. 11 76 Aug. 9 to Aug. 11

§179%Aug. 9 IS Aug. 12 17% AUg. 11 39% Aug. 9 14% Mar. 11 35% Aug. 1217 % Aug. 1 3 51% Aug. 12 29 Aug, 9 06% Aug. 5 23% Aug. 12 22% Aug. 12 00% Aug. 12 27% AUg. 12 50 Aug. 12 34 Aug. 12 23% July 14 54 July 12

0 Aug. 12 44% Aug. 7 14% Aug. 13 62 .May 20

9 Aug. 12 57% Aug. 12 22% Aug. 12

0 % Aug. 13 13% Aug. 12 27% Aug. 4

§87 Fell. 3 125 Aug. 0 22 Aug. 9 11% Aug. 12 35% Aug. 12 11%) Aug. 12 14% Aug. 12 7% AUg. 12 8 % Aug. 13

19% Aug. 12 6% Jan. 2

29 Jan, 519% Aug. 9 71% Aug. 5 15% Aug. 030 Aug. 6

148% Aug. 12 119 July 1990% Aug. 9

115 Aug. 6 10% Aug. 7

103% Aug. 4 190% Aug. 4

41% July 1923,40.’ 28% May 17 20,727; 21% Fell. 10

1,3111 88% Feb. 13 ;38,276 24 Jan. 9

200 56 Aug. 9 3,989 3% June29

31.220 17 May 20 14,780 0% May 2227,915 50 Apr. 22 . . _

0.386 10 June 3 25% Jan. 18 4,2641 50 July 20- 70%,I an. 5

123,578 75% May 7* 93% Ang. 12

38% Aug, 4 30% Aug. 12

105 Aug. 0 31% Aug. 13 05% Jan. 27 11% Jan. 19 31 Jau. 18

9 % Jan. 19 6H% Aug. 9

"These are hid and asked: no nal* made, § Lees than 100 eharee. t Range dates from listing on Bkouango. April 8, R ?" F o r In a c t iv e S to ck s , sec fo llow in g ; page.

2 6 8 THE CHRONICLE. [VOL. L X V

NE*V SOHK 4 TOOK fiKOHVNUE PRICES ( Conti nw<\.\—IN ACTIVE STOOKS. (% Indicates actual sales.j

IHAOTIVB STOOKF.% Indicates unlisted.

a m ir u id s to c k s .Albany & Susquehanna____ . —100Ami Arbor.................................... 100

Preferred.................. 100Atlantic & Paoifle ................... 100Boston & si. Y. Air lin e pref..lut But!alo Rochester & Pittsburg.lot

Preferred....... .................... lotBurl !tidar Rapltla & Nor........10<Oler. Lorain & Wheel, pref.......100Cleveland * Ptttsbnrc ............ noCol. flock Vail y & T o l............100

Preferred----------- —10Das Mi.!.-.. & Ft. Dodge..........100

preferred............................... - l o .Duluth So. Shore & AtlantloU .100

Preferred 11 ------- . . . . . . . . . . .1 0 *Evansville & Terre Haute..___ 50

Preferred...................... . . ........ 50Hint & Fere Marquette............. 100

i're e. e . . . . ------- . . . . . . . — .100Green B a y * Western...............ion

Deb- certfs. A ........................ 1000Deb. oertfs. B ........................ 1000

Keokuk .* Des Moinrs................100Preferred............... — ----------- loo

Mexican Central----------. . . . . . . 100Mexican National tr. otfs....... . 100Morris * Essex .......... ...... . . . . 50Nash. Chatt.. & St. Louis.......... 100N. V. & Harlem................ doN. Y. Laos. & Western......... ...1 0 0Peoria Decatur & Evansville. 100 Peoria e Eastern . . . -...1 0 0Pitts. Ft. W. & Ohio, guar.........100Rensselaer I* rtariTO-gn- ------ ..100Rome Watertown & OgdeBS. .100Toledo & Ohio Central-------------100

Preferred........ 1001Wise mein Pent. v»t. tr. otfs-..10nl

A n y . 13. R a n g e d a le s ) in 1897.

Bid. Aek. L ow est. H igh est.

175 170 Feb. 177% Apr.115 9 Jau. 15% A u g .{36** 38 22% Apr. 40 Aug.

7b % Apr. 1% Aug.105 107 102 Mar. 105 Jan.\2 2 H 16% May 20% Jan.ie ■ 54% July 60 Aug.75 68 Apr. 75 Autr.

40 Feb. 40^ Mar.169 161 Apr. I 68I4 Jan-

H h 6 % Us Apr. 18 Jan.15 25 14 Aug. 46 Jau.

113 13^9 7 Apr. 144, July70 60 Ju y 65 June

4 4% 3 Apr. 4% Au g.6 % May 10% Aug.

12,4 20 June 29 Aug.J42 42is 28 Aug. 42% Aug.

7 June 1 1 % Mar,30 Mar. 37 Jan.

39 41 27% Apr. 40 Aug......

4 Apr. 7 Aug.14% 2 Feb. 4^ Aug.18 20 12 Mar. 28% Jau.

6 Aug. 9% July12 2 % 1 H Mar, 2% Aug.

170 171 1621s June 170 Aug,70 Jan.

295 Feb,71 June

324 Maynr. 119 Jan. 122 Mar.

t2 «a 3% % June 3% Aug.56 3% Feb. 6% Aug.

168 150 May 172% Aug.182- 186 177 May 185 Jan.118 116 Mar. 120 Ju:y

25 ___ ....40 70 ___ _*4 Jig 1 .Tuue 4% Aug.

Inactive Stocks. f Indicates unlisted.

m iscellaneous! S tocks.Adams Express....... ................. ..ICOAmerican Bank Note Co U . . .American Coal................. . . . . 25American Express............. 1 OoAiner. Telegraph & Cable.........100Brooklyn Union Gas................... 100Chic. Juno. Ry. & Stook Yards.100Colorado Fuel & Iron................ 100

Preferred............................ 100Col. A Hock. Coaltr.rcts.allpd.100Commercial Cable....... ............-1 0 0Consol. Coal of Maryland_____100Deli’oit Gas......................... 50Edison Elec. 111. of N. Y ... . . . . .1 0 0Edison Elec. 111. of Brooklyn..100 Erie Telegraph &Telepione ..100Illinois Steel................................. 100Laclede Gas............................. ...100

Preferred.................. 100Maryland Coal, pref..................100Michigan-Peninsular Car Co. . . 100

Preferred............. 100Minnesota I r o n ......................... 100National Linseed Oil Co............100National Starch Mfg. Co........... 100New Central Coal........ 100N. Y. 05 Bast River Gas 1[......... 100

Pi eferredTT................................. 100Noith American Co....................100Ontario Silver Mining..............100Pennsylvania Coal..................... 50Pu’lm-n Pa’aoe Car Co......... ..ICOQuicksilver Mining..................... 10O

Preferred....................................100Standard Gas, pref.if........... 100Tennessee Coal & Iron, pref...100 Texas Pacific Land T ru st....-.100U. 8. Express............................. 1<M>Walls Farve Express ..............,100

A u g 13. R a n g e ( s a le s ) i n 1897.

Bid. Ask. L o w e s t . H ig h es t

U54 156 147% Feb. 156 A ug„42% 43% 42% July 43% July

123 130 113 Apr. 125 Jan]115 116 109% Jau. 116 July

192% 85% Jan. 94 June1117% 85 Jan. 122% Aug.

102% May20 15% June 27 Jan.

85 xMay17% '3% June 7% Aug.

170 162% May 162% May38 35 Feb. 37% Jan

123 125 101% Jan. 125% Aug.115 116 97 Feb. 115% Aug.

66 63 % Apr. 67% Aug.112 43 29% Apr. 45% Aug.{38 38% 22 May 41 Aug.192 70 H Mar. 95 Aug.4 7 60 40 J uly 50 May

_____ 10 July 12 Jan.52 Feb.

5 7 % 58 38 Apr. £8% Aug.{20 23% 10 May 23% Aug.

8% 3 May 9 Aug.5 9 4% May 5% June

88% 90 60% jfn e 93 July115 117 98 May 117% Aug..

{6 6% 3% Apr. 6% Aug.& 7 6 July 104. Jan.

330 3 75 340 Mar. 340 Mar.175 176 152 Jao. 176 Aug,

13 3% 1% June 3% Aug.110% 11 8 Apr. 11% Jan.

{9 6 Apr. 9 Aug,47 48 37 Feb. 48 Ji-ly

M B * No Price Friday latest price this week. J Aotual sales,

N E W Y O R K STOCK E XC H AN G E P R IC E S .— S T A T E B O N D S A U G U S T 1 3 .

SECURITIES.

Alabama—Class A, 4 to 5___ 1906Class B, 5«...............................1906Class C, 4s............................. .1906Currency funding 4 s . . . . . . . .1920

Arkansas—t>s,funu, Hoi.1899-1900Non Holford...................................7s, Arkansas Central RR______

Loulsiana^-7s, ecus................1914Stamped 4s.......... .........................New consols. 4 s . . . ................1914

Bid.

107%104

9898

96

Ask SECURITIES.

Missouri—Fund..............1894-1895North Carolina— 6s, old....... . ..J&J

Funding act........................... 1900New bonds, J&J........ 1892-1898Chatham RR.............................Special tax, Class I ..................Consolidated 4s.....................19106s............ ................................. 1919

South Carolina—4%s, 20-40..1933 6s. nou-fund______ ...... ........1888

Bid.

103%126103

Ask. SECURITIES.

Tennessee—6s, old.........1892-18986s, w bonds.......... 1892-8-1900

Do New series___1914Compromise, 3-4-5-6s...........1912New settlement 3s................ 1913Redemption 4s.......................1907

Do 4%s.......................1913Penitentiary 4%s...................1913

Virginia funded debt, 2-3s___ 19916s. deferred t ’st rec’ts, stamped.

Bid.

85

65%4

87

New l o r k City lianh. Slu lom oul for the week endingAug. 7, 1897. Tre o m i t t w o c i p h e r s ( 0 0 ) i n a l l e a s e s .

Ha s k s .(008 omitted.)

Bank of New York.Manhattan Co.........Merchants’ .............Mechanics*..............America................Phenix......... ..........Oity...... ........ - ........Tradesmen’s...........Chemical...............Merchants’ Exch’ge Gallatin.,,.. . . . . .—Batchers’ <& Drov’rs’ Me hanids* & Trad’s Greenwich.....Leather M anuf ac’rs, Seventh..— .. . . . . . .State of New York. American ExchangeCommerce.........Broadway.............Mercantile..—. . —Pacific...... ..........Republic...............Chatham................Peoples’. ... . . . . . North America—Hanover................Irving . . . . . . . . . . . . .Citizens’Nassau..................Market & Fulton.Shoe & Leather__Corn Exchange.----Continental....Oriental..........Importers’& Trad’rsPark....... ........_......East River..............Fourth........ *...........Central......... ...........Second..—...............Ninth..................First....... ............N. Y. NaVl Exch’ge.Bowery....................New York County.. German AmericanChase.................Fifth Avenue..........Gennaii Exchange.. Germania..—., United States. LincolnGarfield...........Fifth ......... .Bank of the Metrop.West Side......Seaboard,......... —...Sixth.........Western................First Nat. B’klyu... Nat, Union Bank... Liberty Nat. Bank N Y Prod.Exch’ge Bk, of N. Amsterdam

C a p ita l S u rp l’ i

Total..

$2,000,0 $1,2.050.0, 2,2.000. 0; 1, 2,000,0! 21.500.0 2 1,000,0 1,000,0

750.0300.0600.0

1,000,0300.0400.0200.0600,0300.0

l,20 u ,05.000. 05.000. 01.000. 0 1,000,0

422,71.500.0

450.0200.0700.0

1,000,0600.0 000,0500.0900.0

1,000,0 1,000,0 1,000,0

300.01.500.0 2.000,0

250.03.200.0 1,000,0

300.0750.0500.0300.0250.0200.0750.0500.0100.0 200,0 200,0500.0300.0200.0 200,0300.0200.0500.0200.0

2.100.0300.0

1,200,0500.0

1,000.0250.0

Z o a n s .

,8? 9,1 ,152,5 ,008,9 ,021,1 ,582,7 245,9 ,701,7

99,4 ,497,9176.0 ,679,1165.2 228,6 164;6492.8

97,2490.1 ,510,6 ,472,4 ,670,3971.2491.9829.0978.5242.5558.7 ,111,4342.0389.8 270,4 ,003,4136.7

,313,2216.0406.0 ,519,9 ,189,4141.8

,025,8509.2677.0291.1 ,105,1

62,1620.3420.9298.9

,511,6 ,119,0546.1693.8638.1618.6776.9307.6 808,8334.7288.4339.0 520,6932.3730.8271.1320.8253.3

S p ecie .

$14,430,014.520.0 11,' 57,3

9.633.0 21 ,*6 h,7

4.038.042.670.3

2.990.123.694.1

4.475.17.219.11.205.72.090.0

905,03.112.11.739.73.097.4

23.765.025.268.0

5,970,<8.061.52.372.7

12.852.05.834.81.898.27.324.2

21,083,72.979.0 2,485,7 2,4<>2,25.805.13.307.2 9,437,45.290.91.756.0

23.103.025.933.5

1.265.323.753.0

8.810.05.008.03.325.6

23.405.31.297.12.751.02.714.42.707.9

16.102.6 0,1+97,52.216.33.149.26.263.96.383.64.667.11.669.14.713.02.267.07.472.01.745.0

10.430.04.803.0

14.134.22.722.64.124.62.024.4

L eg a ls . I D eposits.

52.020.02.729.03.351.1 l;186,02.537.1

184.0 . 8,652,1

228.14.297.5

860,2966.2155.2250.0

• 104,5370.3299.2 168,6

2,116,02,626.9

709.2737.0435.7

2.525.1649.4185.8

1.126.56.540.1

334.8522.7156.7642.0457.3

1,467,8676.0127.5

3.315.0 10.772,0

166.6 3,415,41.558.0

885.0471.1

3.660.1159.8413.0565.9294.7

4.522.11.209.7

249.5675.7

1.087.1 987,9*871.8243.7892.7224.0932.0202.0867.3

1.030.8 1.943,7

323.2572.5321.9

59.022,7 74.368,9 549 562,4 92.129,8 105,430.4 620.232,3

$2,250,04.245.0 1,082,71.972.06.436.61.026.07,?30,5

505.23.980.21.094.11.321.1

166,0316.0304.5

1.037.3305.7959.6

6,122,02.685.2

770.02.315.5

587.21.732.0

958 .3631.8

1.388.24.547.2

412.5427.1557.0

1.377.9467.1

1,4*3.0943.9326.2

4.579.03.119.2

128.53.203.71.565.01.311.0

659.33.288.0

140.5530.0282.4553.0

0,098,41.430.2

533.5405.8

1.104.6 1,533,5

443.9339.5

1.037.1394.0

1,535.0220.0

4.434.9 794, V

2.241.4 459,4 326,3 290,0'

$15,190,018.403.014.972.0

9.387.028.047.6

3j996,054.338.3

2,9 *2,724.128.0

5.678.86.593.81.132.22.210.02,028,03.349.42.188.82.759.7

22.201.019.932.7

5,540,99.084.22.868.4

14.649.15.846.8 2,622,08.460.2

28.616.83.003.02.913.42.870.86.367.23.511.4

10.956.16.324.41.660.7

25.256.035.622.4 • 1,145.025.451.211.083.0

0,3-9,03.826.1

23.636.81.158.83.106.03.260.12.673.7

24.729.98.420.5 2.924,44.020.77.306.37.702.95.226.6

’ 1,947,46.014.72.381.09918.01.506.0

18.472.55.312.0

15.849.02.902.23.676.82.142.3

Mew lorfc City, Boston and Philadelphia Baakst

BANES

N. Y>~ July 17.,

“ 24..“ 31 .

A u g . 7., B o s .*

J uly 2 4 .“ 31..

Aug. 7.. Phila, * July 24.,

“ 31..Aug. 7...

Surplus. Loam . Specie. Legals. Deposits.* Oirc’Vn Clear toys

$133,853,6$

534,154,4$

91,231,2 $108,122,5

$613,267,2 $13.641,2

$605 777;

133,853,6 540,074,6 91,377,9 111,615,1 622,525,7 13,534,6 644,835,8-133,853,6 542,996,2 91,497,4 109,984.0 623.045,0 13.431,3 623-533,1133,386,6 549,562,4 92,129,8 105,430,4 626,232,3 13,384,7 716,951,963,393,8 180.969,0 10,913.0 9,392,0 182,170,0 7,904.0 97.379,263,393,8 J 81,*83,0 10.580,0 9,808.0 178.895,n 7,929,0 87,077,963,393,8 182,991,0 10,571,0 9,436,0 180,653,0 7,953,0 102,715,435,388,0 112*944,0 35,791,0 118,484,0 6,897,0 59.558,485,388,0 112,426,0 36,014,0 117,981,0 6,865,0 50,654,5-35,388,0 112,434,0 35,393,0 117,093,0 6,845,0 59,376,7.

♦ W e omit tw o ciphers in all these figures. , ,,t Including tor Boston and Philadelphia the item “due to other banks” .M iscellaneous and U n listed B o n d s :

Miscellaneous Bonds, Ch. Jun. &S. Yds.—Col.t.g.,5s Colorado C. <fc 1.1st cons. 6s,g. Colorado Fuel & I.—Gen. 5s.(. olumbus Gas—1st, g., 5s__Co i mereial Cable—1st g. 4s. Cons.Gas Co.,Chic,—1st gti,5s De Bardeleben C. & I g . 6s.Det. Gas con. 1st 5................Edison Eleo. 111. Co.—1st 5s..

Do of Bklyn,, 1st 5s.. Equit, G.-L, N. Y.,cons,g, 5s.Equitable G. <fc F.—1st os__Erie Teleg, & Telep, 5s, g... Galveston Wharf Co,—1st 5s. Henderson Bridge—1st g, 6s.Illinois Steel deb. 5s.............

Non-conv. deb. 5s..............

*100 a.*'9614b. 106%b. 100 b.83 *b

112 %a. 111*80

108 "a, * 99 b

97%b.

Miscellaneous Bondst Jeff. <fe Clear. O. & 1 .1st g.5s

2d g. 5s ...............................Manhat. Beach H. & L. g. 4s. Metropol. TeL & TeL 1st 5s..Mich.-Penin. Car 1 st 5s ......Mutual Union Teleg.—68, g - Nat. Starch Mfg. 1st 6s— , N. Y. & N. J. Telep. gen. 58.. Northwestern Telegraph—7s People’s Gas & C. < 1st g. 6s,

Co., Chicago...... $ 2d g, 6s.1st coos, g, 6s.............. -—

South Yuba Water—Con. 6s. Standard Rope & T.—Inc, 5s. Sunday Creek Coal 1st g. 6s. Western Union Teleg.—7s.,.Western Gas coll. tr. 5a........

* Latest price this

86%ba

108 %b

Note.—“5”indicatesprloe bid ; “a” price asked.B ank S to c k L ist— Latest prices. * N o t L isted .

*114 b. i l5 ’ a. "18* b»

ioT^b

week~~

BANKS.America......Am, Exch... Astor Place* Bowery*-----Broadway*— Butch.&Dr.. Central,. .Chase..........Chatham......Chemical — City— —Citizens*.----Columbia----Commerce... Continental. Corn Exch... East River- 11 rh Ward. Fif’ h Ave.—Fifth*....... .First..........First N., S, I 14th Street.,Fourth........ .Gallatinivanaevoort*

328108220300220

Bid.

175

1604002854100550-1251652041302S513520030002502500110

240100

168310

Ask.

3004500

210295*

150175330102

BANKS.Garfield..— German Am German Ex,* Germania.— Greenwich— Hanover— . Hide & L ,*.. Hud. River.. Im.t&Trad’raIrving..........Leather Mfs’ Liberty*.... Lincoln. ——. Manhattan,.. Markets Ful Mechanics . M’chs’ .<&Trs* Mercantile,,. Merchant.? ,. Merch’t, Ex. Metropol’S— Mt. Morris.. Nassau N. Ams’dam. New Y'ork... N. Y. Co’nty,

Bid,50011030032016033085

150525140170130750215189110160140110400159200230600

Ask.

96550150

230240197 3125

102170

BANKS. Bid.N.Y.Nat.Ex Ninth...........

8097

100130170175255205102

19th Ward.. N. America. Oriental.....Park,___....People’s ..... Phenix.......Prod. Ex.*...Republio...Seaboard....

114 150 3 70 425 100 91

108 20

10120l‘ "i l170114275'

Seventh. Shoe & Le’th Stateof N.Y.Tradesm’n’a. 12th Ward*.Union...__Union Sq,*.. Un’d States. Yorkville*.,. Western..... West Side...

100

185265110185121160

70130iST*

AUGUST 14 1897, J THE CHRONICLE. 2H9BOSTON, PHILADELPHIA AND BALTIMORE STOCK EXCHANGE#,

Active Stocks.1? indicates unlisted.

^ Share P rice* — n ot P er C en tu m P rice*.Saturday,Aug. 7.

itell. T. A 8. B e .(B o s to n ) .1 0 0 U h l i* BAtlantic A Pad. “ 10 0 37%e. 37%c.Baltimore * Ohio ( B a i t . ) . l o o . . . . . . . . . . .Ba t. City Pass’ger •' 25 65 63Baltimore Traction “ 25B atttaoreT raoW m i,). 25 Boston A Albany (Heston).100

Monday,Aug. 9.

IPs37 bo.

*11** *651*

Aug. 10

213% 213% •31* 215160 160 •10 1192%91%

9%

9*92%9*

91% 91% 33 32%

119 1196% 7

70•as•72 15% 15%*7 *7%

192 56 56%74% 74% 13% 13*1,

Boston & Lowell " 100Boston 4 Maine. *• 100Ceatral of Maas.. •* 100

Preferred......... " 100Chic. Bur. A Quin, *' 100Colo.MILA 8t, P. {PAU.).loO Ohoc.OAO. vot.t.c - *• 50a t , 8 t.By.0f ItnV “ 100Fitchburg pref.-fJBMtonl.100 Lehigh Vafiey (P h .U a ,). SO MetrdpoPnTrae.iT “ 100Mexican Cent'i (B o s to n ). 100 New England.... “ 100

Preferred . . . . . . “ 100Northern Central ( B a t . ) . 50Northern Pacidc (P h i ia .) 10Or sferred " 100

Colony. . . . ( P o t i o n ) , 100 ‘ Pennsylvania . . . (P h U a .) . 50 Philadelph. Trac, " 50Heading Co......... *• 50Colon Psctao.-.fBostoni.lOO Colon Traction. . (P h i i a . ) . 50 (HlsceUaneons Stock*.

Am.Sug’r KeflnJf Boston;----Preferred......... “

Bell Telephone.. « 100Boat. A Montana. •* 25Butte A Boston J “ 25Calumet A Heeia “ 25Canton C o .......... (Ball.). 100C'iinsolldated <>»* " 100 60Kleo.Htor. Bat'yf (P h iia ,) . 100 27%

Preferred t " 100 30%Erie Telephone. <£»( ton;. 100 *65 Oenerai Electric, “ 100 '37%

Preferred . . . . 100 80(UinolsSteel. . . . “ loo 43%La-nsoc StoreSer '■ 50 *18Dehi'bOoatANa v.(ThUa., 50 13% 43%N. E.Telephone f Boston;. 100 ’ 117 111P.,Hee!,I,.APnw/P<u.-a.;....... 15 15%OnitMOaelmp.1 •• 50 79 79%Wetsbach Light5 « 5 48 45We*t End Land .fBwton; *---- - i%i

* Bid and asked price,; no sale wae m

911% 11%

144% 145 115% 115% 237% *37% 135% 140

24% 25% 400 *00

60%3431%37%6046

14% 14%37 %c. .......

...... 1265 %! *65

18213

*213160

11%5693%92%

9%91% 3 ’ %

118% 5%

14%126618

18 ! .......211% 213% 213% - . . . *214%161 ;*160 11% 11 56 I *56 96%; 93%93%' 91%

11

66*71%15%*7%

132%5674%138%

11%143%115234139%

25400

60%27%31%6537%804518%41%

1181579%49

ade.

9% 9%........ 20%92 9232 31%

119% 118% 6% 5%

67

Te%48%;

192*. j 50% 74%

Mgiel9%11V

95%939%

20%92%31%

1205%

146%116%238%14026 %

40060%283i%05%3981*618%13%

11815SO48%1%

1

*65*72157,477,

H 2%55%73%127,8%

11%143%11623613824%

400

"So"27%31%6538%

*794*7,

*1844%U>«79’ ,49

701649

182%557,174%

117,

Wednesday.Aug. 11.147a 15%

*64% 65

1 3 " i s "2 > 5 215215 215161 1621* 11

*56 5795% 9S **93% 94l4

9% 9 'b92"' "92%31=8 31%

121% 1245 5%

*65 70*7216% 16%49% 50%

*142% . a...55% 56 74% 74% 13% 13%9

U 7,1212

1447, 145 146116 115% 116%237% 236% 2S7

139% 141 25 26%

400% 419139

25400%

i

80%2,31%65%37%814543%

118 It7, 9t> 48 %

1%

Thursday, Aug. 12

15% 15% 50c. 10014% 17 65% 65%

*177, ia18 13

215 215215% 215% 162 162

11 11%*56 ........967, 97% 94% 94%

9% 9%

Range of sales In 1897.

60% 60% 27% 27% 31% 81% 65% 66 37% 37% 80 82 42 43%19% 19% 41 44%

118 118 15% 15% 79% 7»-« *8 % 4 * %

------- I %

49% 50% 183 183%55% 557, 73% 737,' 13% 13»Xa 12% 14% 117S 12 1

116% 148 i i i a % i i7 1236 237 ;140% 141% 26% 27% 410 412 j*63 7060 60%' 27% 27% 30% 30%f 66 60 37 37%80 60 43 4319% 19% 44% 14%

■U8 12015% 15% 79% 70% 49 49*1% 1%

13,56815,169

9917,663

4,n2048,64049,8109,400

38,7491,206

11,93367,790

2552*l*0»3,882 1,176

590 1,507 1.042 1,520

112 620 1 <«.'

2,680 6,021 1,319

t Trust

Lowest.9% Apr. 20

15o, Feb. 17 9 Aug. 2

59% Jan. 13 17 Jan. 12 17% Jan. 7

209 Jan. 4 205 Jan. 2 157 June 2

9 Apr. 2256 Mar. 26 69% Jan. a 69% Apr. 19

6 May 7 16 Apr. 12 89% July 17 20% Pen. IS 99% May 3

5 Aug. 11 IS Apr. 657 Feb. 15 67% Jan. 27 107, Apr. 30 33% Jan. 15

176% May 26 51% May 3 66% Jan. 5 89,« Apr. 19 5 Apr. 12 8% Apr. 29

Highest.

l5 Te Aug. 13 1-00 Aug, 12 17% Jan. 8 66 Apr. 17 207e Apr. 2 2 078 Apr. 2

217 Mar. 4 215% Aug. 12 166 Jan. IS

11% Aug. 4 58 Mar. 3 97% Aug. 12 94% Aug. 12

97, Aug. 11 25% Jan. 20 95 June 4 32% July 22

124 Aug. 11 9% Jan. 30

37% Jan. 19 74 June 25 73% June 15 17% Aug. 12 51% Aug. 12

183% Aug. 13 ,66% Aug. 6 -74% Aug. 6

| 13% Aug. 12 114% Aug. 12 13% Mar. 3

109% Mar. 29 100% Jan. 0 205% Jan, 4

94% Jan. 2 6 Jan. 11

326 Jau, 2 60 Jan. 8 55 June 2 15% Apr. 22 17% Apr. 30 63% Apr. 1 28% May 17 60 May 18 29% Apr. 21 15% Juue21 37% May 26

101 Apr. 5 13 Apr. 30 707s May 3 38% Apr. 6

1% July 7 rao„all metal,

148%117238%141%

27%418

67%62%313367%38%824623%44%

125168040%

27apaid.

Aug. 12 Aug. 5 Aug. 9 Aug. 12 Aug, 12 Aug. 11 Pen. 6 Jan. 15 Feb. 1 Jan. 29 Feb. 24 Aug. 4 Aug. 12 Aug. 7 Feb. 1 Aug. 13 July 30 Mar. 18 Aug. 9 Aug. 4 Feb. 9

Bid. Ask.

97205 266

. . . . .30%23% 24%16 17

145 150250 26023% 29

...• 18210 1332 3580

12% ’ *’***44 44%17 2045 3051% 51

122 12655% 5635

5%*»»«. 90

22% S3T o ” .......

******

93 98%100 100%

Inactive Stock*.Prises of August 13.

Atlanta * Charlotte (Balt.).100 Boston A Providence (Boston).! OO Ca nden A Atlantic pf, (Philo.). 60Catawlesa........ ............ ** 50

1st preferred. . . . . . . “ 50Ceatral Ohio ............. (BalL) 50Chicago A West Mich.tBoston). 100 Connecticut A Pas*.. *‘ 100Connecticut River.... « 100Coosol. Tractof N.J.DIPAUmMOO DeiawareABoundBr. •« 100Flint A Pere Man)... (Boston). 100

Preferred .................. •• 100HfestonvfUe Paeeeng, (P h i ia .) . 50

Prete-redl................ *• 60Hunt. A Broad Top... “ 80

Preferred.................... ** 50Kan. C*yFV8. A Mem,(Boston).100

Preferred ................. « 100Little Schuylkill....... . IP h U a.). 50Maine Central.........1 Bottom 100Mine Hill A U.Haven.ffViiO*./ 50 Nesquehoalng V al.. . " 50North American Co . " 100North Pennsylvania. ** 50Or.Sh.Line all aret.pdf Boston;. 100 Pennsylvania A N, w. (Philo.). 80P illadel. A Erie........ « 80Rutland ............. ....(Boston). 100

Preferred......... . « 100Southern..................... (Ball.) .100

Preferred.................... ** 100Weat E nd..................(Boston). 50

Preferred.................. “ 60United Cos. of S. J .. ffAUa.;, 100 West Jersey A Be* Sh, 80Western W.Y. A Penn " 100Wisconsin Central...(Bostom.WO

Preferred........ ......... •• lo tWoro’st-Saeh.ABoch. “ IGOi

kiftOkUAMKOCS.A loae* Min'g,a**tpdfBe»ton>. 28:AUi-r. By. EL Light.. (Phiia,)...... IAtlantic Mining. . . . . . (Boston). 26Bay State <J*«f. . . . . . *• 51B sston Laud................ *' itCuuennlal Mining... ” itF o r t W a y n e E le C L l ,, < 1 2 *¥-ankltn M ining..... *' 2 fF •enehm's’e Bay L*d. " t

Bonds. Bid. Aak. Bonds. Bid. *sk

10 0 % 10 1

49 2%4 ] .,%7 ! 7%

113 120

Boston Unitedo»«,2d m. 5 * ..l <a«Burl.A Mo, River Ere npt 6», IAJ

Non-exempt 8*____1918, JAJPlain ................. ...1910, JAJ

Ohio. Burl. A N o t. 1*7 5,1026, A AO24 mart. 6 . .............. ..1918, JADDebenture 0 e ............ 1896, JAD

Ohio. Burl A Qtslnoy *s„ 1922, FAAI n n Division 4*.......1919, AAG

i 1921, JA1>;Consol, of Vermont, 8s. 1913, JAJ’Current River. 1st, 6s.. 19217, AAOi ...Deter,Rap.A w ,n t ih.1910.a a o 71fetuiter;; 1st snort 6 g. 1906, MAH. ?12l

ifree,Elk.AM.V., 1st,6s, 1933, end.’ 133! 0«*l*m i»d, 1st, 6», 1933*......... »i 133jK.UC.A Spring., 1st, 5g.,1925,AAO 60 X Cl P.8. A M. eon,6s, 1928, MAN! 05 ,K.C.Mem,A Blr.,t-t,2*,1927, MAB; 71K. C. Ht. Jo. A O. B-, 79.. 1907, J A J i f i 2 1L, Rock A Pt 8 , let,7*..1905, JAJ } 93 Louis.. Ev.A«t.L., 1st, 6g.l926,A AO

2m., 8—6 g . . . . -------- 1936, AAOMar. B . A Out,, 8s.....1925, AAO Mexican Central,*g...l911,JAJ

1st consol.Incomes, 3 g, nongsutn.2d consol. Incomes. 3«, no»-m "

N. T. A X.Eug,, let, 78,1905, JAJf 4119% 120 lstm o rt.es .................1906, JAJ 4U3 113%

Ogden. AL.O , Con.es.,.1920,A *0 5 87 I UOIn o .e a .................................1920}........ . 1.6

Hu Wand, l*t,6*.......... 1902,MAN,‘ 105 107Sd, 6*. .............1898 .P A A -------- * M

Buffalo Rj. 000, m , 5 s ,...,,*1 9 3i

mtm m’HinmM. ** $£

Pdlimma Palace Car. ** icK„F satmflTl&i* ., (Phiin,). IOC

**' ' \fMQ MlfiJr-sf. 2-■ mmMwm&k ** 5#■1 aM? Fflfwer. , ** \Q4

4k ** hiPpsf„ oamulatlve. ** hi

At. «o y. m H, F> gm&ml f , 4«, %&9h Jkti| I !i#. I.fl0 $ *■*. .»

Sewtsift @4* l#t h*, ,

*50 1-00oh

49% L.ataw!«'3 | C h m , O kiu

General • CiUmoPBt Colomb. St f’oltimli. O. CottooL Tr

24%4 |8%1

16H\

W f 37

257%Hi%

Ik . e.\KsmJ

116107

19%

U6136

|86%-50%

1176 s, ao

S I "s 1

26; 83%

86% 807* 92 I

M.,7s......1900, FAAA Gulf, prior Hen 6»..-...................1919, JAJRr.of I ud..con.5*. 193o Ry„ 1st, con. 5a,. 1932

‘Ttissfown. lst,5s,t«33 ................3t. of N. J., 1st,5s,1033»el. A B'd Br'k, 1 7S.1905,FAA

n A Am. 1 M.,58.1820,MAN A People's I'rar. stock, tr,« tf*. A Wfltn., 1st, 6s.1910, JAJ. nvtUfj M, * con. 8s.,18J.,A 8r*d Top,Co .1 , I,, ,.s » r ,

Huh.Bi ll Li! 1920. JAD 104V Pitts,A d lM5s.1923.AA01 78 go Hat. i ...... 1»U , u ... U 3a*,gold...... .......... 1887, j a i i u>i% . . . . .

bmA, rnori.4%.. <-1924.0—-Fi ...................diVaJ.CoolL' 5s.g.l933,.1 A.T; 9B% 86%gV. Valley, l*t 8s.-.1898, JAD 103% ........7s...............................1910, MAS 136% 137J»,d. V . . . . . . . . . . . . ..1923, JAD 117% .....trk Pfwsciigcr, oon. 8S...1930 109 110a Penn. 1st, 4 «....1939t » « N 112%'........a. M. 7s........... .1903, JAJ 118% ...............rev.,nla gen,8s,r„ 1910, Var 133 «*>).«*,• ........1005 , Vat 118

)i. 5r,r..................... ...1919, Vatt -Tr n. >.........tuts rareConCell

P k v V. Canal, * ... >, ' ADCon. 8a .......................193 , AAO

Pc .pie's Tree, trust certs. 4s..1943 PerWomen, 1st set.,8s. 1918, Q—J »hlla.AKrlegen.M.8g., 1920, AAO

Oen. m orL ,4g..........1920, AAOPilla A Head. 2d, 5s... 1933, AAO

Consol. mort»7s........ 1911, JADConsol, mart. 6 g---- ..1911, JADImprovement,M.6 g,, 1897. AAO Con. M.of 1882, 4 s ....1987, JAJ Tenuinal 5a, g ....„1 9 4 1 , Q .-F .

Poll. Wilm. A Balt., 4s. 1917, A AOPffttS. C. A at. X*. 7g__.1900, FAAReading Co, gen. 4s.....1997, JAJ Rochester Hallway, con. 5s ..1930 Bchnyl.lLE.S1de,1st5 g.1935, JADUnion Terminal 1st 5a..........FAA

Bond*,—Baltim ore. „ . AtlantaACharl., lot va, i»07, JAJ BaUlmore Belt, 1st, 5s. 1990, MAN Bait. C. Pass. 1st 8a....1911, MAN Bait. Traction, let 5a.. 1929,'MAN

Ex ten. A Inapt. 6 s .... 1901, MASNo. Bait. Dlv., 5s.......1942, JAD

Baltimore A Ohio 4 it., 1935, AAO Pitts. A Conn., 5 g— 1925, FAA BtateD Island, 2d. 5 g.1926, JAJ Receivers' oertlttoatos, 6s..JAD Do. Maryland Construe., 5s ......Do, Plitab. A Connells., 5». .JAJDo. Main Line5a.,............. . ...!

BaLAOhio8.W,.let,4%g.l990,JAJ| C*peF.AYad.,B«r A.,0g,1916, JAD

___ Cent. Ohio,*%g...........1930, MAS1........ i......... Cent. Pass., 1st 5s.......1932, MAN-106 I . . . . . . . City A Bob., 1st 5s-------1822, JAD........ I l l kjharl. Ool. AAug.oxt.5s.1910, JAJ!84 ........ UoL A Orw-m.. let 5-6S.X917, JAJ

........ 75 ijeonrtaAAla.,lstpf.5s.l945,AAO

................... ia.Csr. A Nor. Ut 5 g-1929, JAJ__ ............. I Georgia Pae., let 5-6s...lS)22, JAJ947* 95 !G«or, 8o. * FIs., 1st 5s..1945, JAJ

121%:........ iI North. Lett, 6 -...............1900, JAJ107% 107% 6s.................— ........... 1904, JAJ73%; 73% Series A, 5s................ 1926, JAJ

n s I ..._ 4%, ............. 1925, AAO. . . . ijPltts. A Connells. Ist7e. 1898, JAJ

Southern, lot 5h----- .*..1994, JAJ<; ' VirginiaMid,, t o <>...1.906, MA-

........... ,,cn ; MA;!l 3d Series, 6b, . . . . .......I 9 i j MA-i: »U. Series, 3-4-f.s___1921, MA: 5th Bertas, 5s............ 1046, MA-’West Va C.A ■■ ts.t,6g .l91 l,JA - TLu;„ C,ii. ,4 Aug,, t ' . J L C JAD

KISOBM-ANiOOK.. Baltimore Water 5S...19I6, MAN

Fundihg 5r........ ........1916, MANj; Exchange 3% e........1,980, JAJ' Virginiaintatel3f ,new.l;»f2, JAJ

Funded debt, 2-3:........i - i>1, JAJlOheeapeaaeOas 08 ..... WOO, J AD Consol.eas.6c.......... .1910, JAD

105 ........93%: 99

n s107125132120101%

118108 84% 85 02%; 95

101*1

........I ll

106 ! 79 114

....

102

118%80 80%

115113106114 114%102 ........

___,102 103100102100% 100%98 10005 . . . . .

. . . . . . . . . . . .113 . . . . . .11310?

113%114% ■---«•102 10388 88%

11699% 99%

107112114 _„T„UO102

94*2114US —114 ___ r

97% .. . . . .104%108116% 117%122 123104% 105%74 . . . . . .OS’ s 66%

104115 :. . . . . .107% . . . . . .

*f 1 9o\iDon 1 UnliateO, \ 4aff acoraed latereat,

THE CHRONICLE. [VOL. LXV.!7 U

NEW YOKE STOCK EXCHANGE PRICES (Continued)— ACTIVE BONDS AUG. 13 AND FOR YEAR 1 3 9 7 .

R a il r o a d a n d Miscellaneous Bonds.

. . . . I C lo s in g R a n g e (sa le s ) in 1897-I n ty tJ P rice"\ — ------------- . —

l e r to d A u g 1 3 \ -L o w e s t

107 b. 106 Feb. 85% I 70 Apr. 84% 74% Jan.87% I 78*8 Apr.

A «& Ol 88 J & J H 4 F «& A 103%b.M At 8 J At J M At 8 F & A M At NQ-JM At N

J At J Q -M

M & N J & J J At J J At J A At O A At O

10 1 b. I l l

"103 b.n :i%94

10 0 b.

M At N M Ac S

ii3%b.100 b.

80 b.113 b.102100 b.120 b.12 L %b. 110%

82103 %a. 97 92%aJ 86

117 b. 115 102%bJ 93

______ 108%F & A! 97^a.M Ac N 94 b.MAc 8

"113 b. *126 10

70 May 105% Jan.

91% Mar. 95% Mar.

108 Jan. 104% Mar. 112% Feb.

8 6% Jane 106% Apr. 113% June 106 May 90 Apr. 75% May

113 Aug. 100 Jan. 99% Jan.

119 Jan. 118% Jan. 10/ % J an. 72 Mar.

Jan. Jan. Jan. Feb.

99% Mar. 93 Feb. 87% Jan.

118 Mar. 114 Apr.

b.|l24 Apr. 98% Feb.

' 1 1 1 14 b. 108*4 May

Amer. Cotton Oil, deb., Sg.1900 O -F Ainer. spirit Mfg., lBt, t8Ann Arbor.—1st,4s, g------199oj Q—JAt T 8.F.—New gen. 48.1995 A <Sc

Aul..atment4s . . ...........1995 Nov. 56*4 41% Apr.B>w»V*7thAv -iVtoon.g.5fl'43 J & D 120%b. 116*4 Jan. BrooklynElev 1st, 6g . . . 192-1 A & O 1 82% 70 Fob.

uSlonlE leyIw d-6g::::i937 M & N,t 82 b.l 68 Feb. Bklyn Hap. Trans., 5 g— 1945 Bkl Vn.Uu. Gas, lst.eon.5g. 1945 B’klynWhrf&W.H-1st,5s,g. 45 Buff. R. <fe P.—Gen. g. 58.1937 Canada Southern.—1st,5s,1908

2d, 5a..................................1913Cent, of Gft.—1st, g., 5a... 1945

Cons., 5s, g ......................1945Central of N. J.—Cons.,7s,1899

Consol.. 7s........................ 1902General mortgage, 5g. . 1987 Leh.tt W.B.,con..7s,as’d.l900

** mortgage5s.l912Am. Dock Ac Imp., 5a---- 1921

Central Paoitlo.—Gold, 6s. 1898Exten. 5 g........................ 1898

Ches. A Ohio. -Ser.A, 6g.-1908Mortgage, 6 g . . . .............. 19111st oonsol.,5g....... ......... 19 3 9 ! At At NGeneral 4%s, g .......- ........1992 M At SR.<fc A.Dlv., lBtoon., 4g.l989 J Ac J

** 2d con.,4g..1989 J At JChic. Burl. & Q.—Con.7s. 1903 J <fc J

Debenture, 5s.................. 1913Convertible 5s.................1903Denver Division 4s.........1922Nebraska Extension, 4s. 1927 Han. Ac 8t. Jos.—Cons.6s.1911

Chic. <fe E. 111.—1st,a. f. 68.1907 J Ac DConsoL 6g...................... ..19341A At OGeneral consol.. 1st 5s.. 1937 M «fe N

Chicago Ac Erie.—1st. 5g..l982|M Ac N Chic. Gas L. Ac C.—1st,5g. .1937 J <fc J Ch. Ind. & L.—Ref.. g.,5s.l947|J At J Chic. Mil.A: 8t. P.—Con.7s.l905 J & J

1st,SouthwestDiv., 6s.. 1909 .1 J1st. 1 o, Minn. Dlv., 6s ..1910 J Afc J ls’ ,ChuAtPao.W.Div.5s..l921 J A .J Cbio.«fc .10. Rlv.Dlv.,5s..l926 J Ac Wiso Minn.,Div ,5g...l921Terminal, 5g.....................1914Gen. M., 4g., serlesA....1989 Mil. <fe Nor.—1st,con.,6s. 1913

Chlo. Ac N. W.—Consol., 7b. 1915Coupon, gold, 7s.............. 1902Sinking fund, 6s.............. 1929Sinking f und, 5s.............. 1929Sinking fund, deben., Sa.1933 25-year debenture, 5s ... 1909Extension, 4s................... 1926Mil. L. Sh. Ac W., 1st, Og. 1921

Exten. Ac Imp., 5g____1929Chic. R.l. Ac Pae.—6s, coup. 1917

Extension and ool., 5s ... 1934 30-year debenture, 5s ...1921

Chic. St. P. M. Ac O.—6b. . . 1930 Cliio. Ter. Trans., ctfs. of prop.Clev. Lor. Ac WheeL—5S...1933 aC.C.AcI.—Consol.7g ...1914

General, consol., 6 g___1934aC.C&8t.L.-8t.L.Dlv.,4s.l990

Peoria A Eastern, 4s.. . . 1840 Col. Ac 9th Ave. gu. 5s, g ..l993 Col. H.'V al. A ToL—Com, 5g. 1931

General. 6g.......................1904Denv. A RioGr.—1st,7s,g.1900

1st consol., 4 g.......... ....1936Dul. A Iron R’ge -1st, 58.1937 Dul. So. 8h, Ac Atl.—5g ....l9 3 7 Edison El.111.—lst,con.g.5s.’95Erie—4, g, prior bonds___1996

General, 3-4, g................ 1996Erie Ry.—1st, con., 7g..l920

L’g Dock, consol., 6 g. 1935 Ft. W. A Den. City.—4-6 g.1921 G&LB.A8an.An*M.AP.D.l8t,5g God. Eiectric.deb. 5 s ,g ...1922 Hons. A T. Cent. gen.4s,g.l921Illinois CentraL—4s,g.......1953

Western Lines, 1st, 4s, g.1951 Int-AGreatNor.—1st,6s,g 1919

2d, 4%-5s...........................1909Iowa CentraL—1st,5g___1938Kings Co. Elev.—lst,5g.. 1925 Laclede Gas.—1st, 5 s ,g ...1919 Lake Erie A West.—5g___1937

H igh est.

L. Shore.—Con,op., 1st, 7s. 1900 Consol, coup., 2d, 7s.......1903Gold, 3%s..........................1997

Leh.Val.Ter.—1st, gu., 5s. 1941 Lex. Av. APav.F.gu. 5s,g 1993 Long Island.—1st con.,og.1931

General mortgage,4g... 1938 Louis. <& Nash.—Cons. 7s.. 1898

N.O A Mobile, l8 t ,6 g ...1930 M “ 2d. 6g._ 1930

General, 6g....... .............. 1930Unified, 4g........................1940 J & J

IiOnis.N. A. AfeCff—lst,6s.l910 J <fc J

Acr At j r At j r At d Q -F

J At D A At O A At O M At. N M & N F A A M A N F A A J A J J A J M & 8 J A D

10482

137 %b. 117 b.117 b. 115%

J *111 b. j r i l l% b .

11 2 b. 103118 b 143% 117% 117%b. 113%a. 117% 109%

133 b. 124%b. 95% 78%

119 %b. 7455 b.

88% 102 %b. T01%a. 112 %b.92%72%

116%a.132 b.105%104% a.131 %b.

44%A A O J A D J A J M A N A A O M A 8 M & S J A D M A N T A J A A O J A J J A J J A J J A J M A S A A O J A D M A N J A D A A O M A N F A A M A N M A S J A D J A J Q -F

J A J J A J J A D,J A D 103%AAO |*110 b. 100 Apr. M A 8 119%1». 115% Mar. G— J *118%a. 113 Jan.

J A D * 87 b. 76% Jan. A A O 104%a. 102% Apr. J A J *119 %b. 116 Jan. J A .J “103 b. 98% Jan. J A D 116 b. 115% Jan.

84% 78% Jan.______111 Jan.

67%91%

100r 70 b. T01%b. 10 2 b. 120 b.

84%b. 97 53%

101116 a. 109 %b.

93 Jan. 80 July

128 Jan. 115% Jan. 115% Jan. 112 Jan. 106% Jan. 110% Jan. 110% Jan. 96 Jan.

118 Jan. 140 Jan.116 Jan. 114 Jan. 108% Apr. 110% Jan. 106 Jan. 10 1 Jan. 131 May 112 Mar. 128% Jam 1 0 1 % Jan.

93 Jan. 128 J an. 42% July 98 May

130 June 123% Jan. 92% Jan. 68 June

115% Mar. 63 Feb. 49% Feb.

109% May 87% July 97% June 99% Jan.

104% Jan. 88% May 62 May

139% Mar. 133% Jan. 53 J an.

, 83 May ] 90% Jan.

65% Apr. 99% Jan.

100% Feb.117 May 73 Jan. 88 Apr. 44 Feb. 93% Jan.

113% Jan. 109% July119 Jan. 103% July

109 Jan.85% Aug.84 % Aug. 87% Aug. 57% Aug.

120% May 183% Aug. t83 Aug. 90% July

115 Aug.101 Jan. 100 Aug. 113% Juue 109 Aug. U 5% July94% Aug.

108% Mar. 115 Mar.118 Feb. 104% Feb.90 Feb.

116% Feb. 104% Juue 103% June 121% June 12 % July 112 Apr.82% Aug.

104% Mar. j 91 Juue 120% June [101% Aug.109 Aug. 97% Juno

| 94% July 122% July 1115 Apr. 127% July 102% Aug.112 Jan.105 June S3 Aug.

139% June 120% June 120% June 117% June113 Juue 115 June 115 June 103% June 118% Feb. 147 July 121% May119 Mar.113 July 117% July110 Apr.106 July 135% Aug.117 July 134 J une 108 June 104% Aug. 133% May

45% Aug.102 Jan. 134% May 127% May96% Apr. 78% Aug.

120 July 88% Jan. 87 Jan.

113% Apr. 90 June

103% Aug. 104 June 114% June

95% Feb. 72% Aug.

144 J uly 136 Mar.

68 Aug. 91% Feb.

100% Aug. 72% Aug.

103 Jan. 105% May 120% July85 Aug. 97% Jan. 53% Aug.

103% Aug.118 Juue114 June 124% Mar.104 June 111% Mar. 120 July119 May

88% Mar.106% Mar. 123 Juno 103% Mar. 118% May | 84% Aug. 115% June

Railroad and Miscellaneous Bonds.

L. N. A. &Ch.—Con. 6 g.tr.rs. 1916Manhattan consol. 4s....... 1990Metro. Elevated.- 1st, 6g.l908i

2d.6e .............. ......... ........ 1899Mex. Internat’l—1st, 4, g.1942 Mich. Cent.—1st,cons., 7s .1902

Consol., 5s........................1902Mlnn.<feSt.L.—1st oon.58,g.1934 Mo. K. <fc E.—1st 5s, g., gcl.194 2M. K. <fo Texas.—1st, 4s, g. 1990

2d,-is, g ........ ....................19^0Mo. Pac.—1st,con.,6g.-... 19'. 0

3d, 7s....................... ! ........19061Pao. of Mo.—1st, ex.,4g-19?8

2d ext. 5s............. ,.. . . .1 9 3 8 !St. L.&Ir.Mt.Ark. B.,5s.l935{

1st ext., g., 4%s........... 1947!Gen. R’y dtland gr.,5g.l931j

Mobile & Ohio—New 6g ...192^1 General mortgage, 4s. 1938

Nash. Oh. &St.L.—1st, 7s.. 1913 Consol., 5g........................ 1928

N. Y. Central—Dobtext.4s. 1901st, coupon, 7s.................190Deben., 5s, coup., 1884.. 190 i N. Y. & Harlem, 7s, reg,.190(> R.W & Ogd., consols, 5a. 1922 West Shore, guah, 4s._-.236l

N. Y. Ohio. & St. L.—4 g_..1937 N. Y. Lack. <fe W.—1st, 6s.. 1921

Construction, 5s.............. 1923N.Y. N. H. & H.—Con. deb. ctf< N.Y. Out. <fe W.—Ref. 4a, g.l992l

Consol., 1st, 5s, g.............1939N.Y.Sus.<te W.l8tref.,5s, g.1937

Gen. 5 g ........ ....................1940Midland of N. J., 6s, g ...l910

Nor. <fe W. Ry.—1st, oons.,4g.’96 No. Paoitlo—1st, coup. 6g.l923 1

Prior lien, ry. & l.g. 4, g.1997General lien 3 g...............2047

No. Paoitlo Ter. Co—6g.._.1938 Ohio & Miss.—Con.8.f., 7s. 1898 Okio Southern—let, 6 g .. . 1921

General mortgage, 4 g .. 1921 Oregon I mpr. Co.—1st 6g.. 1910

Consol., 5 g .......................1939Ore.R.&Nav. Co.—1st, 6g. 1909

RR. & Nav. consol., 4 g.1946 Oreg. Sh. Line—1st,6s,g ..1922

1st, con. 5s, g.......... .........1946Non-ciunul. ine. A, 5s...1946

Penn. Co.--4%g, ooup....... 1921Peo. Deo. & Evansv.—6 g.l92o

Evans. Division, 6 g ....... 19202d mortage, 5 g................ 1926

Pitts. Sh. & L. E ., 1st, 5 g.1940 Pittsburg & Western-^4g.l917 Reading Co.—Gen., g. 4s .1997 Rio Gr. Western—1st 4 g.,1939 St. Jo. <fe Gr. Isl.—2-3-4s.. 1947 St. L. &San Fr.—6g, Cl. B.190^

General mortgage, 6 g.,1931General, 5 g............ 193iRailroad, 4 g .................... 199^

St. L. & So. W.—1st, 4s, g.19892d, 4s, g.. income............ 1989

St.P.M.&M.—Dak.Ex.,6g.l9)01st consol., 6 g................. 1933

“ reduced to 4% g.. Montana extension, 4 g.1937

San.Ant.& A.P.—lst^g.jgu.^S So. Car. <fe Ga.—1st, 5 g ... 1919 So. Paoilio, Ariz.—6 g ... 1909-10 So. Paoilio, Cal.—6 g ... 1905-1

1st consol., gold, 5 g .......1937So. Paoilio, N. M.—6 g....... 1911Southern—1st cons. g. 5s. 1994

E. Tenn. reorg. lieu 4-5s. 1938 E.T. V. <feG.—1st,7 g._..1900

Con.5 g .............. . . . . . . .1 9 5 6Georgia Pao. Ist5-6s, g.,1922 Knoxv.A Ohio 1st6s,g.. 1925 Rioh. ADanv. con. 6s, g.. 191 West.No.Carl8toon.68,gl914

Standard RopeAT..lst,6g.l946 Tenn. 0 .1. & Ry—Ten. D.lst, 6g

Birmingham Dlv., 6 g ... 1917 Texas A Paoitlo—1st, 5g..2000

2d, income, 5 g - . . . . . , . . .2 0 0 0 Toledo A Ohio Cent. 5 g .. 1935 Tol. St. L. AKan. O.—6 g.,.1916Union Paoilio—6 g ....... .,..1 8 98

Ext. sinking fund, 8 . . . . . 1899Collateral trust, 4%........1918Collat. tr. 6s, g. notes... 190 j Kan. Pao.~Den.Div., 6 g. 1899

IstoonsoL, 6 g .............. 1919U.P.Den. A Gull,con.,5 g. 193;♦

U. S. Leather—S. F.deo.6g. 1913 Virginia Mid.—Gen.M., 5s. 1936Wabash—1st, 5 g . ..... 1939

2d mortgage, 5 g ... . . . . . ,1 9 3 9WestN. Y. A Pa.—1st, 6g .l937

Gen. 2-3-4s, go ld .......,1 9 43West.Un.Tel.—Col. tr. 5s .. 193S Wiso. Cent. Go. 1st 5 s ,g ... 1937

In t 's tP er io d

C los in g P r ic e

A u g . 13.

116107%b. 105 b.95% 86% 63% 92 b.

1 1 0 a.100 b. 10 2 %b. 104 b. 105%b.

86 b. '12 0 b.

74% 129 b.1 0 1 %a. 104 %b. 117%b. l l l% b lll% b . 121 108% 107

>138%b.

139% 97 b.

1 1 0 %a.

8 6 %b.*119%b.

77118%b.

9158%

10610 2 %a,

A A Ort97%a. A & O 97 b. J A J*117%b.m a n 10 5 %b.

IM A S M A N M A N M A N A A O J A D F A A M A N M A N F A A J A J J A D IF A A A A O J A D M A S J A J A A O M A N J A J M A S M A N A A O J A J A A O J A J F A A A A O M A S . T A D J A J F A A A A O A A O J A J

Q -J Q -F

J A J J A J J A D M A N J A D A A O J A J J A 1)F A A J A J Sept.

J A J J A J M A S xM A N A A <J A %J A r J A J J A J M A N J A .1 J A J J A J M A N J A J M A N J A J J A J J A D J A J M A N J A J A A O M A N J A J J A J M A S J A J M A N J A J J A J J A J J A J F A A A A O J A J J A D March J A J J A D J A J M A S M A N F A A M A N M A N J A D M A NM A N .........M A N 106%

R a n g e ( s a le s ) i n 1 8 9 7

L ow est. | H igh est,

15 b. 1100 a.

29 112 88%

118% 92 58

112%a. 101 a. 100 b.

t 17 a. 108 73 b. 94% 80% 66%b.

115 b.116 b I01%b

73737«

* 30 b.

*106 a.* 95 b.

62%91»s

* 99 b.‘ 108 b.

90 b.103 b.94 91%

108 b. 112119%a.

122 a. *114 b.

68% 82 b. 86% 95% 31%

*103 b. 1 77% 101 b.

tl08% t 53 101% 119%

\ 90% 44%

113 b.

F A A J A J A A O J A J

75%*T06%b.

49108 b

J A J t 38

t81 May 91% Apr.

116% Jan. 104% June 69 Mar.

116 May 105% Juno 100 Jan. 88% May 82 Jan. 54% May 68 May 98 Mar.

100 Apr. 100 Apr.103 Apr.104 June

67% May116% June65 Apr.

127% Jan.98% June ;

101% Jan. 117% Jan. 106 Mar. j 110 May 117% Jan.105 Jan. 103% Apr. ! 136 Mar. 116% Mar. 132% Feb.

88% Jail. 108% Feb.100 Jan. 68 June

116% Apr.67% Apr.

113 Jan. 85% Jan. 51% Apr. 97%’May

102% July ;83% Feb. j

t 8% Apr.1 84% June

15 Feb. 110 Jan.80 Jan.

t l l l% Jan. 86 J uly 44 J uly

109% Ja*i. 92 May 91 June

110 May 95 Jan.66 June 80% Apr. 70% Mar. 6 2% June

112 Jan. 108% Jan. 94% Jan. 62% Jan. 59% Apr. 15 Apr.

116% Jan. 123 Jan. 102% Jan. 87% Jan. 54% Jan. 87% Feb. 90 Feb.

106 May85 Feb.

102 Jan.87% Mar.86 May

107% Jam107 Jan. 107% Jam 112 Jam 117% Jam 111% Jan.

60 June 79 June 79 Apr. 85% Jan. 18 Apr.

102 Mar. r 66% May 101% Juiy 85 Jam

149% Jan.101 May 113% Jam |67 Jan.33 Apr.

110 May 100 Jan. 101% June

63% Apr. 104% Jan.

43 May 106% Jan. t28 May

192% July 97%. Aug.

121 June 107% Apr. 73 Jam

119 Apr. 108 Mar. 105% Aug.

95% Jan. 87 Aug. 64% July 92% Aug.

105 J an.103 J ul v 103% Jam 107 Aug. 104% Aug.

85% Aug. 121 May 75 % Aug.

133% June 102% Mar. 105 July 121% Apr. 111% Aug. 114 Mar. 121%.July 110% June107 Aug.139 Aug. 118% Aug.140 Mar.

97% Aug.I l l May105 June

87 July120% July

77% Aug. 120% June

91 Aug. 59% Aug.

110 Mar.106 June90 Jam

t 15 Jam 106 Aug.131 Aug. 114 Apr.

39% Aug. 121 July

93% Aug. 58 Aug.

113% May104 Feb 106 Feb.

27% Jan108 Aug.75 Aug. 85% Aug. 80% Aug. 66% Aug.

115% Feb 116%June 101% Aug.

73 Aug. 74% Aug. 31% Aug.

122% July 129 June 107% June

94% May 63 Aug. 94% Aug.

100% Aug. 108% July

92 Aug. 106% June

94% Aug.91 % Aug.

111 June112 Aug. 119 June 116% June 124% June 116% June79% Jam 88% Mar. 89 Mar. 9 5% Aug. 31 %Aug.

108 Feb. t73%June105 Feb.1109%A’g. 153 Aug. 103 July 119%Aug. t 92 Aug.

4 5% Aug. 114 Feb. 103% Mar. 107% Jan.

76 Aug. 109% June50 Feb.

109 June 140 Mar.

Note.—“ b,f indicates price b id ; “a” price a s k e d ; the range Is made up from actual sales only. * Latest prioe this week, t Trust receipts.

NEW YOBK STOCK EXCHANGE PRICES—(ConMuned),— INACTIVE BONDS—A U 3. IS .

BLUUKITILO.

Kail road Bonds.(S to ck E x ch a n g e P r ic e s .)

AJahninaMid.—lst.g.. guar.. 1928 Atch. Topeka A San Frau.—

Chicago dr St. Lon.—let. 6a. 1915 Allan. Danv.—1st, g , 5s... 1950 AU. A Fac.—

Western Division Income.. 1910

Bid

92%

%

Ask.,, —

l*sl

SEUIJK1XIES.

IBait. ifcOlito 1st,6a, Park B.ISIS ga. gold.................................. ..Cons, rnort., K0ld, 5s.. ..1988W Va. & Pitta.—’ at.g., 5s..1990 B .& 0 .8 W.,let, g . ;i4 9...1990 Monon. River, lst.g., k. 5a 1919 Cent’l Ohio Reo .-la t ,4 i^ :i9 3 a Ak^CluJuno.— 1 et,g,5s,gu.l96i

Brooklyn Eleva ed—2d, 5s 19'5 Seaside tfeB.B.—lst.g.Ss.gn.l '42.

Bid. Ask. SECURITIES.107 ......... Brunswick * W’n—1st, g., 4s.1938

Bnff.R.& Pitta.—R.& P. 1st,6S.1921 Rooh. Pitta.—Cons.lst.6s.1922

*80*95

Clear.& Mab.—1st,gu.,g ,5s.l943 Butt'. & Susqueh.—1st, 5s, §..1913 Burl. Ced.Rap. & No. 1st, 58.1906

95

*97*9 .........Minn. & St. L .—1st, 7s, gn.. 1927 Ced. Rap. I. F. & N„ 1st, 6s. 1920

1st, 5s...................................192143

Bid. AbH,

*122%!....... .120 !.......

i o f ’ J ioa ' *106 . . . . .

A ugust 14, 1897.j THE CHRONICLE 271NEW" fOELH STOCK EXCHANGE PBICBS.-/-VAO riP£ BQXrDS-CUjnHiiM i) - i i m . 13 .

SROOBITIBa. Bid. As*.!!

a ......... *••.•••n%-t. C5o 1.|c*59>X93/ »mrnmm 93 jCent. By. of G».~

1 « , prof. Income, g., 5 s -----1945 *38%2d, prof, income, g„ 5 s ------ 19453d, pref. income.g., 5s.........1945Mae. A Nor. Dlv.. let, g„ 5* 1946

" 1 215 f

Mobile Dlv., 1st, g .. 5s . . . 1946m %!-iOsat. of N. J.—Coiiv.deb., 6e.1008

8BCUBITEE8.

Kzt <e. 5s, serte« A B 0 D „1S98*‘ 109%Gold 5s, senes E ............~ 1898*106%3an Josanln Be,,#*Mart. cold 5 « ........Land grant, Ss, g .

Bid. ; ASK.

‘ 87

1C2

'107 1 ......'106105*70

110

%i— •IS?% .. .137%138118

1*3010*3 110

*i'oi%121

*ita%,*105

U» l* ® v* MIV** o* » * * *- 5 2W«rffc PsetOe—Bood».6s. ...1899 do Railway IGV.V—1st,68.1907;

50-year 5s.......— ............. 1938jO w t Washington—U*. 6s,lO->*(Tbits. A S»v.—1st. H., 7*........1038Dae*. & u ,—Par. .**. fnud,«s.lS98

Jtalg VU tey~U t,g.. 5a...tlM O '•-rir «:.r. V»;.. fat, g. 5«.. 1941

KtU. L.4 Big Sandy—G. 58.1902- 102%fliw -O .« SO.West.—lat 8a,g.l91! .......

tt, St............. .....................19.111 .........Id. V. -H«n.00B. 1st.gu.g.5». 1938. . . . . . .

i a ' t,. id, '*.....,19o3 .. ..i, iols. is Mo. River—let, 7*.190y '106%

11,78 ...................... ........ 1900*102- - i; . -: !. 7 ' - •

-1- ts.R, Bridg*-l*t,S.f.,6*.t91Si ------Obli* Bur! t Nor.—Ur. As----1926; 105**'..iai®. Ssuacts. * H,—5s,». f..I901i . . . . . . :

It, u Oiv.~Sink. rand,5«..1.919;lint ..•rood.d*........... 191° D>0%

*! mo. « « ....... 192! *92-Gsrtcsao A tow# MV,—5»...190Sj — ,

Cite. * Indians C oa l-le : 5-.1936 *U«i>Cal. *0. * St. P.-l«.94,P.D .189S U‘3%

21. 7 H « . P. D .................. 1898 13“US, 7s, Ssg„ 1 1 .0 ....,...........1902,lit, 1 t ■>., 7« ................... 1899:1 « ,C . . M 7*.................... 1993)l 2 D, Cli-iP— 7s.. . 1 ! 1.* C. A D*V., 5 * ..... . 1919Ut. it .A D „7 s ....................19101st. ft, A I*.. 5 s .................. 19100 tleago A Pafilttc 0iv.,8#..19io;Mineral Point Dlv. 5s..........1910a * L. Sup. 01).. 5*............1921Psrgo A Booth.. 6s, A*sn...l024hn. • »!iv. stoic. fum l.M__ 1916 1- 7 . ___U .xou A G t, South., 5 a . . . 1918 *10S%[. . . . .COLA Nor. main Un«—6 » ...1910

O ihtANorw.—30-yew 4eb,3s.' 921 , itcanaba A h. 8, 1st, (is....1001* )-e M, A Minn.—lit. 7»...,1907 lo r* Midland-let, 8s......1900Cilo. A Milwaukee—lit ,7 « . 1898Min. A St. P.—2d, 7*............1907<il. * Mad.—let. 6«............ 1905

o n . C. F, A at. P,—lit , 5s. 1909Northern I1L—1st, 5s........,1910Mil. L. 8,AW,—Cou.de!>.,5s. 190?

Mich. Div., lit, 6».............1928Aebland Division-1 s t , da 1925

Otu R. LAP-D.M. A F. D. 1 *t 4*. 1803lit , 2%s............................1905Extension, 4* ............... ...1905

Keokug A lies M .-lit , 5s.. 1923 Chic. 9 t P. A Minn.—1st,«•.. 1918

« . Paul AS. 0 . - l i t ,6 e .......1019 ...OH" AW ’ ud,—1st. 8. L. 6#.1919 *108

Geo. fc .e s .............. 1932Ohio. A West. Miob.—5s........ 1921O'. I, Ham. A D.—Con, s. f», 7s. 1905

Id. sold, 4%*........... 1937**•»> r> AT''*-—liter®. 5*.it.i'»8l

City A 8ab. IBaB.)—lit , g., 5*1922 Ciev.Ax. A Uoi.-Eq. * 2d 89.1930 Otev.ACan.—Tr.ctfs.forUt&s. 1917 0.0. C. A at. L.—Gen., %. 8*.. 1993

Cairo division,4 * . . ..............1939rpring.ACol.Dlv.—Ut.g. 8*. 1940 » fciteW. VAl-Biv,—Ut,g. 4a. 1940 Qln.Wab.AM.DlV,—Ut,g.4».1991 in. !.«t. L. AC.—lst.g.,4-,1936

Consol ,6 * .............................1920In. Ban. ACS.—Oon. l st.g. 5a, 1928

rlo—f C«n.;—15.800., g..Pd.7g _____ 1920

B. *7. T. A E.—1st, 7b ...... 1918Bril. A 8. W.—Wortg. 6s. 1908("demon—1st. go. <£ 5 *__ 1909’ •V a-RR, ~S«.....................1922’>ooi,: A In, pt., 1 -•, 7b, r, ,rTv. 1913 " >->•- A 1’. R.— ' * '. cons., ,t,.1 921

>t, " \ 5 * .............. 1947•<t.T*-;->n lst«s .................>923

----- ia'. Co. R- let, g.. 5a_________ 1930........ . FUhis, ATnilan —let. eons..1926...... ITOnt A P. ’. f a r ■Mart., 6s... 1920---- i lit , <>OD. gold. 5».................1939.... Pt. Huron Dlv. - l e t ,5 s . . ..1988

........ Cep A Pen,—l>t,g. g6___191f-. . . . . . i l r ‘ ,i. x-:. e. ,5s, . ........... 3 5)30; ------- -------........ 1st .’■* ... i’ , 5 s .......................1943; ............. Ft, St, Cu. Dep.—1st, g., 4iflS .1941 *105%! -----. . . . Gal. Har. A Han Ant.—let, « s .19101 ........ ..........

3d»oort.,7s ............. ..........)905! ......... ........103% Ofc A Ala,, 1st, prof.. «. 5* ...1945 ........ . . . . . ........ .d*a.Cai-. ANor.—lit , gn.5",g.l929j ------

iHotieasoaie—Cupa. gold V __ 1937 ...IT. Haven A Derby, Cons. is. .1918! —

........ Hous. A Tex. C.—WafoAS.7».1903 125----- lstg .,5* <!nt. gtd i.............1937;*. — 11 Con*, s. 6s (lot. gtd •__ ___ 1912;*106

Deber.t. 6*, priu. A U.( gtd.1397;* 100 Oebent. 4 s, prin. A im, vtd.1897 “ “

mine!* Central—

112 1L16 '7 6 % ::: : ::

112

*99l i t . g .. 4* ................... 1951;1st. gold, «%•........................ 1951Gold 8» ....................... 1952!

HI K., U ...........................I KU* ‘ * • t aRA

104%

*3810u*i

Indiana S. A W,—lit pf.7i.1900 Ohio 1 ad. A W.— 1 itpref. 5*.. 1933 Peor. * East.— Income 4a ..1990

a cw can. a ind.—i»t, 7*,».ti«9»Co»«o* s)hit. land, 7*.......... 1914<Jin.**pr.—lattC.C.C.AI.7*.1901

cieve. loraln A W .i.-U t, 5*.1933 (Jiave A M»h. V.—Gold. «*...109stCol. MM. H g., 6*, M»t4___1936

Tr. elf*., eon.. 4s................. n u oOr.;. , * ( l . A W.—•

Mort 7s........ ........ ...............1907

Cairo l i r ; -!■-......... 1950Sortnrf. B it. -C o ir . Os....18981 M Idle Du.--Rev,, 5* ....... 1921'0, 8 t L. A S. O. -V'.r , 7s.1407;

i lsAoon*oi,7s................... 1997Gold, 5*. >.(* n .............. 1951:Memp. liiv., let g. As___ 1951;

BoOv.ASn. Hi., gu., g.. 4<2S.1897i lod. Dee. a ft*.-l«t, K-. 5s....1935;Ind. Ill* A lo w * .- 1st, v. -ia..l939

let, e x t -g . 9h. . . . . . . . . . ___1948tlet. A rt. jCn, -3d, l>, g ____1921;: K lag* Co. - F. P :., U , 5, c. , A. 1029;I.hsso Erie A West.—3d g,, 5»., 1941;‘

Korll,-it Onto—l-d. git. g. 5s.1945 ‘■'L. 8 .* M.H.Hi, H — N’ .'W7b.*981

1.8-I. '-r, A ,' - »-. 7 -............1906'I Loke abort-ii.v . Sxiad s, 7a. 1899!

;! Kal. All. AG. S.—1st «u .54.1939!»>. . -j . . . . . Mabon’g Cua! i4k.-lrt.5e.t934 ___118 i------ >-EoiU*bV..S.y.-i«t gn,g.4%A.19A0 *10O114 115 !/sbl*lt V'y I Vial —let 5»,gu.c.l988

. . . . . A if,Y e -lit , git. 2, 48.1945KIiulruC.A N, Hcg. litpf.Oi. 1914

Gasr., gold. 5s................. 1914Utobi. Oar.A West—lit Si. *.1916 Little Book A M .- l- i , 5s, *..1937 tong Island—

lit, 7*....................................1898Perry. Ut. 4 % s ............ 1922.Gold A*................. 1932;

; S. Y. A R*w»y B —lit ,g , 5*.1927;24 njortg., loo..................19271

S.Y.B.A-M. 8,—liteon.5e,g. 1935! Brookl'nAMotrtauJt—lst,0s.l911 j

j lit , 5 * .. . ............. .............19111,v v i i No. Shore Hr.—1st c®n.58,g,1932|132*8 Loot*.Evan*.A Ht. L.—Oon.Sa.1939;

Loals. ASsab,—-OselL Rr. 7s,. 1907 E. H, A Sail*.—1st Si, g. . . .19191■Fsatsoom Division, 6a........ 1920.8fc Deals Division, let, 6s.. .1921

2d, 3«............. - ................1980; ... .Haahv, A Decatur—1st,7a..1900; 1071 . t..6».-a. A S. Ala............1910! .......50-year 5s. g.........................1937; 97%Pena. A A t.- 1st, 6«, gold. ..1921 j 99

70105%

119

109

*67

i l l107104%

*109%

*•*

......... i

........|

1810485

35

106%30

105

*105

1

46%80

102

42%

86Collst. trust, 5s, g ..........1 9 3 1 ; 101%UAH. A M.AM.- • i»t,g.,4%*1945 NMh.Flor.AS.—1st, gu., 5a.1937 8o,.A No. Ala., oon. g t i , 5* ,1 9 36 Keotneky Central—Is, g.,.1987 L. AS.-lx)U .C.AI--g.4% t.l931

l 0 2 %|IXe>0 AJed.Rrtgero.—On.g.4e.l945 . . . leinUv-lile Hy—let, oou.,* .S&19301 ... Meaipnia A Chart.—Si, gold..1924 . . . Mexican Cent. Consol.—!*, g .l9 U ‘

25

1058591

’87

lat, oon*. Income 3», g— ..1931)!Mexican National—1st, g., 6a.1927!

8 m , Bing, A » . T.—1st, 7*,«K»6i . . . . .Montt A Baser—l*t, 7*. .. .I9 i4 «i43

donas. 7 a . . . . . . . . . . . .........Idew ....... .7s of 1871........ .................1901 ........lit , son,, g n » ., 7 * . . . . . . . .191C .......i.

Warren 2d, 7a ................. lutio . . . . . ,O A ll.f'sa. — f'AfflV.,flonp,7i.l917i *14*5%!.

4 thmv * »u «l —1st,gsis,7»j.pm',*124 1.t»t„done., «n»r.,tts-------.18061*118%!.

Revs. A 8Mt. 1st. i.D*vv.Tramway—' iotukm,g. i n n . . . . . . ; .

’KettOT'di. Ry.—' g.6«»19T!! __D»nv A R. G.—Imt*., *..$*. ..1921,: ____0«4,M .« M .-t . g.3%s,«er.A.If»ir *19 !.Pel. A rt*. dt.-U< !:et). 4-,g. 1995 ...... j.

4e, gold - .. -* .,....,..1995 ! . . . . . . . . . . . tjM s —1st, ext. g. 4# ...... ........ 1947 *111 .. . . .. I!

2d, sswsoed, •«................ . ll»l» ........ : ____ |Sd, e*t»nded, *%*,.......... ...1923: ........ . . . . . . i:till, extended, . . . . . . 1920;* 120'■ * .* )v.ndKi,A.--, ..loss;*!® * I ”

2d,Income, 6e. "A ” .............1917I2d, Income, 6a, ” B ..1917,

. . . . . . MMiigur. Central—___ 6* ......................................... 19091 ......... i Co«p<m,5*..............................I»ai!*i2299 Mortgage A*.........................1440’ 1066% Bat.i..,5,8trgts.—I»t,3«,g.gn.l989

Minn.A t. U - ls t , g. 7e........1927 140. . . . ! I i .v ,■ ) ( ' l l ' !.7 l----- l UOd

I Soatbweat Ei-..—let, 7b...... 1910___ Pscitto E xt—lot, 6 « ........ ..1921___ Ko.K.A Tex. —1st, -it.. 5s, * 19441 6U%.. . . ; Mo.K.AT.dITe*.li?.*t'.5a.g.l942i *84 ... ;- Ksasos City A P,, l«t,4a,g..l990; 64__ 1 Dal. Wan— If ',, 58, *U....l04O *....... , Ml — iiurl Paoidc —Tniat- 5*...18171 05

o t c in.. ■*>». g ................... . . m o ! ......M.iijlieA OWo—letext., 6a,..1927| ......

3!. U * -Cairo—ii.rn ar.......1931; . . .

648584*

— !

forgo; •» La. A T.—lat. 6s....1920,-.',7*...........- ......................1918r.j.y.. ---!■! he..1.001

W. O. A. No. It.—Pr. I„ g., Sa .1915 H. V, Central.—l>eh. g, 4a..,.1905

B» J. Jane—Goar. 1st. 4s. ..188b 'h I.'; — !; -1 ;. v<.. u>;;;;

Oaw. A Rome—2d. 5*. g.,ga,1915 lltloa A Bl. Klv.—4a, *., go.1022 n . Y, * Pat.—let, *., 4«. ga. 1993 . 7 . ?t. tJ. A H.—let. tag in. 1303

•111*« # . . .».. .1 1 2

104

SECLfRITiEs.N. Y. A Northern—Ut. g. 5s..1927N. Y. Huso. A West —2d, 4%a.19SV

Terminal, 1st, 5 s ............1010Wllk.A Eanr —l8t,sul.,g.53.1942

Northern PaoUc.—St.Pani AN. P.—Gen., Re..1923

Norfolk A 8outh’ c—1st, 5b.* .194’ Norfolk& West—General, 6s. 1931

New River lat fia................19S2Imp. A Ext.. 6s........ . .. . ..190*t’nl. Cdt.D-.VT'T.. 1 Sl.i'u. g.5-' .1922 SolotoY.AS.E.—lst.gu.g.45.1989

Ohio A Miss.—Consol. 7B___ 18982d conaol. 7s........ .............. 1911Bpring.Div.—Isr 7s..............1905General 5s............................ 1937

Ohio River BR.—1st, 5s.........103t'Gen. g.,5»............................ 193*

Orr.aha & St, I.mii».—Ut. 4s.. 1937 ‘ kCa --.-1st. 5s, g

[Oregon Short Line—I [ Utah A North— Ut. 7g........190«

Gold. 5s...... ............... — 1920Penn-P.C.C.ASt.L.Cn.g.4%8 U ° <

Do do s«ri«« R 1942! Do do Series 0 1942

Do do Series D, 4a, 194"»P.C.AS.n-lst.e.,/o.............. ’.o*iPitta. Ft. W. A O— Ut, « - .1 9 i ;

2 -............................. 191-v3d, 7s..................................1912

Oh.8t.L,AP.—1st,oon.5s,g...1982 oiev. A !* —Cons-.i, fd.. 78.1900

Gen. 4%i, g„ “ A .............1947Do do Series B 1942

. ! St. LtV.AT.H.—lst.6s.,7».lH92d; guar,, 7 s . . . . ................ iso

!: Gd.R.AI.8xt.—lst,4%s,o,<*. 1941 .;! AHeg.V.tl.—lUn.. gn., 4*,g.l942 . ; X. A < ’in.Bdg„ g>'ll.,*l|.4%8.g. 191 > . Pemi.ftR. —1st real eat g. 4a. 1923

<fie.A MM'M—lal.gu.g.4>a". 1 ;i.nD, Klv.BK.ABdg-ist.gu.g.4s.’36

. Peoria A Pelt.Union—1st,««.u>2!|! 2d aaortg., 4%s......................1921Pitts. Clove A Toi.-U *. 6s...192-. Pitt*. A L. Mr.-2 d g. 5(1 ,**A".192rPitt*. Me. K* A Y. —lit 6*.......1935Pitts, Palnsv. A F.—Ut. Sn... 191* Pilii. 8 hen. AIiF. lsteon.5.1.1‘113

; Pitts. A* West.—M. 5*,g.l891-1941 PfrM.Y’gst’aAA.—1st, 5».onn.l927 Rio Grande 80 .—lat, g , 3-48.1941

, Hr, I.. A. A T. H,—Term. S8..1914Bellev. a Cat -U t , 6*>......... 1923Oht. 81. L. A Pad.—Ist.gd. g. 5 8 1917 8 t. I/iul* 80 .—lat, gd. g. 4s. 1931

do 2rt Income ,5s.103!0*r. A Sbawt—Ut g. 4s---- 1932

■ et. L. A 8. F. —2d 6s,*., Ol. A. 190«2d, 68, OlttflS C ................ 19961st, trust, gold 5s.............. 1987Ft. 8. AV. B. B g.-lst. 6a...19D’

, 8t.L.Kan.*8. W.-1st, g.,68.1916: Bt. Paul City Ry.oon. 5s, g. .1937. Gold 5s, guar....................... 1937

St. Paul A Duluth—U t,5s 1931! 24 mortgage 5s..................... 19178t. Paul 5ftmi A M.—2d M, 68.1909

MInneap. Union—1st 6s__ 1922Mont, (kin.—1st, guar., (is.. 1937

1st guar. g. 5s....................1937East, Minn,, 1st dlv. 1st 58.1908

! W"n arAHIouxF,—1st, g,5».193“ 8an Fran. A N. P— 1st, g„ 5M919 84V.Ft.AWe»t* -1st, oon. g.6s.l934 S aboard A Roanoke—1st, 58.1926 ;Seat.L.S.AK»st.,Ut«s,a8it.jKU931 Southern—Ala. Gout., 1st 8s.1918

All. A Chsr.—Income, 6s...1900 CoJmn. A Green.—1st, 5-6s.l916E. retm.V. A Ga.-Divla.5s 1930 Rich. A Dan.—Bq. s. l. g. o».1909

Deben. 5s, stamped........ 1927Vir’a Slid.—Serial aer-A, 6e. 1906

Series B ,6s.........................1911Series C, 6s.........................1916Series D, 4-58....................1921Series K, 5 s . .....................1026series F, 5*.........................1031Gen,, os, guar., stamped .1936

WaslnO.AW.—1st our.gn.4s.l92.> Suabury A Lovrt«.-l»t, g .,48.1036 Ter. Afl’u of St. L.—lat, 4%a.lS»3B

l8t, con, g. 5s............ .1804-1944St.L.Mer.i3r,Term.,g.6s,gu.,1930

Texas A New Orleans— Ut.7s. 1905Banlne Division, l*t, 6b...... 1912Consul. 5b. g ..........................1943

Tex. A Par., E. D.—1st. g. 08.1905 Third Avenue (N.Y).—1st 6e, 1937 T.AO.O.—Kan.AM., Mort, is.1990 Tot. P«o. A West.—1st, g„ 48.1917 tnster A Del.—1st, 000.,6.,5s. 1928Onion PaeMo—1st, Cs............1806

1st, 0“. ......... ........................ 18971st, Cs...................................1898Collateral Trust, 69. . . . .......1006Oolisural Trust, 5b.............1907Kansas Pacillo—1st 6s, «...189o

1st, 6S, g - . . - . . . . . . . . . . . . . . . 1.O. Br.TI V —P. 0., 7a..........LAtch. Col. A Pao.—1st. os ...1! tr. P. Lin. (Vd.-UI,g„r,i;. 1016

w*>bush—Debenture, Her. A ..J93i-Debenture, Serlei B ........... 1939Dot. A Ohio. Ext. 1st, 5s, g . 194'Ht L.K.C.AN*... Hr.c.Rilgufcr. 190-

Wr,*t N.Y.A Pa.—Income 58..1043 West. Va. 0. •*; Pitt*.—1st. 08.101 WhW.AUR.-1 St. 5s, gold . ">2*

Wheollng Dlv., 1st, 5h, g ...l928Exlonslon A Imp, 5s......W.a

Wts. Cent. Snootoe 5sr J *137

Bltt ABK

*82*107

107

*92%’102

118100

137%137

11480

10*138

1"S%87

11296%

103

62

108%

140

83

20

*105"n o T *

*9j . . . . . .

02115 __115xoT ’ — —. . . . . . 95

*108"104 105

*122*1X7% 120*105 106*107% __...

107%

V95" l o o "37% 40

•%*#**

115 . . . . . .

*95" . . . . . .. . . . . . . . . . . .. . . . . .

........ —

*83%

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

*93107 ’

*122*2 123%'74 . . . . . .67 68%

102101 . . . . . .3 01 . . . . . .101

*101 ___*83% .mmmmm111

*115% . . . . . .50

34*30 . . . . .A

27% *28**98% 99

85 .......75

"*7" J0J* a* * , . * Eli *r; thn.e are t .latest quotations made Dili week Pot* .Wlseellaneoas Bond*—8eo 3d page preoodtng.

272 TH K HRONl LE (V o l . L X V .

Juxuestm ettt^ L a tes t G ross E a rn it ig s . | J a n . 1 to L a te s t Dat% .

\ w eekorM o\ 1897. 1896. | 1897. 1896.

AJTD 1 * $ j $ sR a i l r o a d In te llig e n c e .

Ind. Deo. «fc West.; 3d wk J une 7,2251Ind. 111. <fe Iowa. I June........ 52,509

RAILROAD EARNINGS.The following table shows the gross earnings of every

s t e a m 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 •oolumns 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 ■ i - , u .y on a subsequent page. _____

R o ad s .P a les t d r o s s E a rn in g s .

W eek o r Mo 1897.

Adirondack.......May............Ala. Gt. South., lstwk AugAla. Midland .. . May..........Ala. N. O.Tex. & Pac. June.,

N Orl.& N. E. 4th wk July Ala. & Vioksb. 4tliwbJuly Vicks. 8h. & P. 4tliwkJuly

Allegheny Val.. June........Ann Arbor........ lstwk AugArk. Midland... May..........Atoh. T. A 8. Pe. June . . . . . .Atlanta & Char May.......... !Atlanta A W. P June..........Atlan. &Danv.. lstwk AugAtlantic & Pac May..........Austin AN’ west May..........Balc.Ch©8.A Ati. April........Balt. & Ohio---- July............Bal. AO. Sou’ w lstwk AugBangor AAroost March.......Bath A Ham'nds June........Bir. A Atlantic.*July.......... |Brunsw’kAWest May..........Buff. Koch. A Pm lstwk AugBuffalo A Susq. J une........Bur.C. Ban. AN 41hwkjuly OanadianPaoificI lstwk AugCar. Midland... July..........Cent, of Georgia 4tli wk JulyCentral of N. J . June.........Central Pacific.[May..........■Charleston*8av. May

1896.

$15,994 31,112 55.5681

40.00017.00019.000

219,88622,762

7,5111 2,442,052 2,

121,424' 37,759

9,611 347,646

10.914 32,700

2,180.20712, 12?,041,

J a n . 1 to L a tes t D a te .

1897.

13,781 87,09925,4:0 907,75145,665i 285,483

38.00018.000 20,( Oi

197,353 22,031

6,1 7 ,148,774 104,784

34 745 10,746

329,663 18,913 35.553

,188,298 117,545

Char. A W. Car. March___Clies. A Ohio... lstwk AugChic. Bur. A Q.f/ June....... ...........Ohio. A East. 111. lstwk Aug Chic. Gt. West’u . stwk Aug Chic. Ind. A L .. lstwk Aug Okic.Mil. ASt.P lstwk AugCl.ic. AN’thw’n. June........Cnle.ANo. Pac. May..........Chio.Peo.AHt.L. July..........Chlc.K’Kl. AP. July..........Chlo.St.P.M.AO. June........Clilo. A W. Mich. 4th wk JulyChoc. Ok.A Gulf June........Oin.Ga. & Ports. March.......Cln.Jack.A Mac lstwk May d n .N .O .& T .P . JulyClev.Can. A 80 .. ;4thwb July CLCin.Ck. A St.l 4th wk J uly

Peo. AEast’n May..........CL Lor. * Wheel, lstwk AugCol. Midland___July.Col. H. V. A Tol. July.Col.ARedMount June Col. Sand’y A H.|3 wks June Colusa A Lake.. July.Crystal.............[May.Cnmb’l'd Vallej [June____Denv. A Rio Gr lstwk Aug Des M. A Kan.C 3d wk JulyDee.M.N. A W.. July..........Det-G.Rap.AW 4tbwkJuly Det. A Lima No. lstwk AugDet. A Mackinai J une.......DulnthS.S.AAtl.j lstwk Aug Elgin Jol.AEaet. July.Erie....................[JuueEureka Springs May..........Evans.AInd’plls lstwk Aug Evans. & Rich.. j 4th wk July Sv&nsv.* T. 11. lstwk AugFitchburg........ J une........Flint. A P.Marq. 4tliwkJuly Fla.Cent. APen. 4th wk July! Ft,W’thAl)en.C. 4th WkJulyFt. W. A Rio G r ................1Gads. & Att. U

1,586 1,594

47.192 75.810: 48,867

107,^64 487,00

5,418 116,924

1,026,083 1 1,044,817

53,356 7 9,564

240,527 3,022,133 2.

63,022 95,88 60,495

600,4 72 2,914,527

68.919 53,719

1,409,351 635,588

40,863 60,846

4,156 12,084

311,772 14.815

390,998 145.342

17,20.1 143.507 155,986

8.989 46,964

2,1551,471

82,796139,800

2,79834,63529,366

5,96150.41959,98990,037

2,906,7994.989 5,970 2,911

20,850 5^9,003

65,114 44.363 23.35

1,433 1.432

52,748 67,o56 39, 33

106,702 42<,00

7,493 119,547 ,041,23* 929,145

50,886 73,421

198,290 724.578

74,978 87,574 52.922

550,248 .932,2. ,2

64.342 69,241

,28’ ,557 630,405

44,734 62,439

4,721 11,278

278,744 21,088

356,051 140,716

22,525 143,904 206,276

49,8261,791

74178.431

142,0001,890

36,17032,409

716,117 315,380 290,304

1,151,734 749.255

36,165 14,434.0(10

682,954 264,033 313,634

1,625,389 75,211

108,505 11,224,294 3.619.622

194,968 10,181 12,013

224,91 <• 1,946,507

270,009 2,163,003

12,305,694 29,937

2,727,163 5,526,598 4.72*,357

293,497 241,188

6,544,425 16,941,848 2,252,026 2,755,191

1896.

17,062,346 li,336,809

319,014 451p 67

8,294,989 3,446,866

878,48- 481,941

12,049 233,360

2,031,008 354.335

7,501,997 668.341

.

938,649 1,271,106

6 (,995 348,874

10,955 4,443

360.225 3,993,554

80,138 227,603 693,476

Gr. Rap. A Ind. Cin.R. A Ft.W Traverse City. Mum. G. K A I

Tot. all line* Grand Trunk..

Chic. A <. r Tr Det. Gr. H AM Cin.8ag.AMat ToLS. A Musk

Great North’n St. P.M. A to East Oi Minn. MontanaCont,

Tot. system. GTfB’mntAK.C. Gulf A Chicago

Illinois

,4thwkjuly 9,0*7.July.......... 7234tliwk.J uly 37,0864th wkJuly 20,749June........ 57,5 3J uly.......... 79,995lstwk Aug 40,403lstwk Aug 7,871lstwk Aug 868lstwk Aug 2.698lstwk Aug 51,S4vithwk July 664.6024 tliwkj uly 78,631itliwk July 25,HIitliwk J uly 3,185

j 4 tli wkJuly 3,150July.......... 1,447,002•July.......... 165,589July.......... 106,22*J uly.......... l,778,«li*July.......... 12,801July.......... 2,853June........ 5.054May.......... 179,227July.......... 11892625

38,607 58.328 95,355

,663,491 5,007 6.713 5.250

22,271 628,001

62,774 38,781 19,4151

5,683 93tl

32.198 19,412 48,369 80.^63 39,431

8,029 1,0*5 2,574

51,119 632,268

71,330 28,194

3,552

74,979830,578254,460

725,057287,596292.883

1,151,055691,278

35,79913,590.232

594.271 241.017 318,204

1,562,886 9-,434

112,777 13,6 0,91 9 3,577,867

169.272 10,391 11,834

239,775 1,923,134

230,507 2,428,870

11,378,228 29,853

2,785,769 5,742,595 4,569,197

273,914 V 34,317

6,055,006 15,592,118 2,261,231 2,714,184

1',710,578 15,493,167

332,570 519,015

8,439,348 3,486,933

869,671 493,742

13,580 239,468

1,929,127 393,692

7,340,195 718,977

1,088,7541,425,840

264,289862,002 651,667

14,896,109 24,13-

158,906 46,690

605,246 3,338,968 1,535,464 1,454,670

57s/270 158,991

5,103 833,068 574,691 436,524 486,922

1,109,019 229.752

22,578 64,380

1,427,829 10,163.948 1,694,3391

537,737 63,533 59,053

342,9097,6915,187

390,5984,215,316

62,035250,073644,668258,402

1,214,779753,320

14,731,00324,493

173,44966,363

645,0993,521,8071,542,1481,312,477

498,225164,558

6,3627.-8,346415,522368.804505.804

1,181,675248,486

29,74475,681

1,535,58610,004,1531,839,571

515,05475,40640,857

1,370,569 7,575,012 161, ) 6 | 835, >56168.225 1,127,587

L,700,710j 9,538,155 9,276 70,U432,407 23,5514,945 j 24,30

7,639,976 917,478

1,118,232 9,675.6-6

48,562 21,004

17£70§! l.UsilGTi l.lls lo '-l1638624 112551574 112012672

In.AGt.North’D le'wk Aug' tlnteroo. (Mex.) Wk. J’ly 24 Iowa Central... lstwk Aug Iron Railway. . . J uly.Jack. T. & K. W. Juno Kanawha* Mich K.C.F.Scott AM.K.C.Mem. A Bir.Kan. C.N. W ....Kan.City A Ora.K. C.Pitts. AG ..Kan.C. Sub. Belt Keokuk A WestL. Erie All A So.L. Erie A West.Lehigh A Hud..Leliigh Val. RR.Leh. V. Coal Co. Lex’gtODAEast.Long Island___Los Ang. Term. Louis.Ev.ASt.L Lou. H. A St. L.Louis v. ANasliv.Macon A Birin..Manistique.......Memphis AChas {Mexican Cent,.Mexican Inter’l.{Mex. National.Mex. Northern.[Mexican R’wayMexican So.......Minneap.ASt. L.M. StP.AS.St.M,Mo. Kan. A Tex. Mo.Pao.AIronM

Central Br’ch.Total............

Mobile* Birm..Mobile A Ohio..Mont. A Mex.Gif Nash.Ch.ASt. l..NeL. A Ft. Sh’p’o Nevada Central.N. Y.C. A H . R..N. Y. Out. A W ..N. Y.Susq. A W..Norfolk A West. Northes’n(Ga.).Nortlies’n (S. C.)North’n Ceutrai North’n Pacific Oconee A West.Ohio River.........Ohio Riv. AChas Ohio Southern..Oregon Imp. Co.Oreg. KR,*Nav.Oreg. Sh. Line..Pacilic Mail___Pennsylvania. $. PeonaDeo.AEv.Petersburg........Pliila. A Erie,...Phila. A Read...

Coal A Ir.Co..Tot. both Co’s.

Ph. Read. AN.E.Phil. Wilin. A B. Pitts.C.C.ASt.L. Pitts.Lisb.AW’n Pitts.Bes.AL.E.Pittsb. A Wes’n.

Pitts. Cl.ATol.Pitts. Pa. A F .Total system..

Pitt.Young. A A.Quincy O.A K.C.Rich.Fr’ksb AP. Rich.&Petersb.Rio Gr. Soutli’n.Rio Gr’deWest.St. Jos. A Gr. I...St.L. Oil. A St. P. St.L.Ken’etASo.St.L ASanFran.[June.........St.L. Southwest J lstwk AugSt. Paul A Dul.. j July.........San Ant. A A. P .1 May.........SanFran.AN.P. J u ly ......Sav. Fla.AWest. May..........Seab’rd Air Line■ April.......Slier. Slirev.ASo.1 4th wkJulySil. Sprs. O. A G. May..........Silverton..........July............So.HavenAEast June.........So. Pacific Co. - ,

Gal.Har.A 8.A May..........Louis’a. West.[May..........Morgan’sLAT. May..........N.Y.T. A Mex. May..........Tex. A N. Orl.. j May..........AtL Prop’tes.O May..........Pacific system! May..........

Total of all./ May..........So. Pac. of Cal. May..........So.Pac.ofAriz. May..........So.Pao.ofN.M. May..........Northern Ry.. May..........

Southern R y....! lstwk AugSpok.F'ls A Nor. J une.........Stony 01. AC.Mt.iJune.........Summit Branch. May..........

Ly k. V al. Coal. May..........Tot’l both Co’s May..........

Texas Central.. 4tliwlrJuly Texas A Pacifio. lstwk Aug Tex. S.V.A N.W. May.......

lstwk Aug Itli wk July ithwkJulyJuly..........Itliwk J uly lstwk Aug lstwk Aug 3d wkJulyJuly..........lstwk Aug July.June June Juue July.July lstwk Aug 4thwkJ uly lstwk Aug July July itliwk July lstwk AugMay..........lstwk AugMay..........Wk. J’ly 24 3d wk J uly lstwk Aug 1 stwk Aug lstwk Aug lstwk Aug lstwk Aug lstwk Aug lstwk JulyJuly..........J une.........July..........J uue........May..........July..........lstwk Aug.June.........lstwk Aug May... March, June .. 4thwk J ulyJune........4th wkJulyJune........July..........June........July..........J une.........

une........J une.........lstwk AugJ une.........June.........June.........June.........June........June........June.........June.........July..........June........lstwk Aug Lstwk Aug lstwk Aug lstwk Aug June July.June June lstwk Aug lstwk Aug lstwk AugMay..........June

Tol. A Ohio Cent. Tol. P. A West.. Tol. St. L. A K.C. Union Pacific-

Union P. RR..

lstwk Aug! 4th wkJuly' lstvyk Aug

51.449 49,300 34,194

2,23723,63311,821

110,03023,83124.932

5,10254,64012,682

6.9413,543

69,68636,014

1,418,1861,233,520

18.849507,028

11.41926,78515,540

404,3104,384

15,87947,390

239.705240.864105,70048,71570.000 13,550 34,861 72,774

212,091461,006

20.0048 1,00<

4,983 297,469 102,048 480,277

14.37S 3,777

3,657,753 86,812

182,^3 ti 219,356

3,S3 65,016

472,276 641,952

2,834 20,835 12,046 43 948

311,908425.327 586,479 393.132

5,185,335 19,352 52.149

373,555 1,678,800 1,879/290 3 558,090

56 851 756,517

1,188,613 2,475

53.450 29,732 16,161

7,565 53,458

195,072 27.440 66,182 31,254

7 293 39,6 JO 22,200 22,057

4,855 468,489

76,990 125.554 144,858

87.725 278,243303.328

5,84122,915

6.0212,535

337,937 70,941

390,161 23 34)

118.957 944,566

2,651.238 3,807 307

789/271 212,838 126,870 172.722 341,125

57,621 3,789

66,319 67,049

133,368 4,203

104.857 2,085

21,704 20,250 51,903

7,69952.86347,32644,65029,536

3,716 23,714

8.470 106,308

26,686 23,8 >8

2.851 16,607

7,976 5.8*0 3,741

62.092 32,679

1,446,9211,432,055

19,655513.666

8.14831,64613,925

342.4953.850

13,53338,410

192,544252,858

82,53960,94959,50013.092 34,976 62,548

199, *57407.0 j

14,001421.001

5,118268,259

97,544418,668

3,019 3,485,4s8

86,115 182,009 226,811

3,313 54,082

494,563 508,005

2,605 20/-68 11,119 61,9 73

273,816 377,473 498.305 392,054

5,105,599 i 7,283 48,919

369,198 1,778,293 2 057 5»9 3,835 882

61,786 7o2,417

1,198,235 3,442

54,320 32,444 13,641

7,966 54,051

173,142 25.391 74,067 29,888

8,090 37,300 21,8u0 22,036

104,8122,145.835

51,168825,393256,854

11,963,55432,5017«,U*7

741,4357.743,4641,283,1293,497,121

271,7492,097,902

400,6611,106,8391.990.813 5,94o,3u3

12,968,000 592.00

13,560,00) 155,610

2,174,799 682,069

3,03 ,378 72,307 13,043

24,R46,178 2,240,895 1,009,20u 6,197,155

23,803 179,305

3,02 ,391 9,346,288

17,133 499,803

89,810 358,237

1,608,5972.401.814 2,7u6,0u5 2,289.123

29.589,483 517,270 311.712

1,864,107 9,427,257 9.065,651

18,49-908 2s7,857

524,549 74,653

132,130 127.632 73,173

288,133 270,816|

5, 58 24,504

6.532 2,657'

6,789,666 25,313

265,4 99 955,233 486,408 188.6L7

1,635,924 605.194 171,776 37 a 347 178,519 212.609

1,5 15,695 604,024 117,8L8

24,987 2.87^,398 2,462.796

761,772 777,253 422,354

l,40s,321

107,1662,178,913

53,215889,963262,103

11,640,72631,98079,638

690,9525.878/2901,186,7262,843,190

347,6791,690,574

290,0511,089,8912,049,2046,204,245

12,454,701414,258

12,868,959136,133

1,993,490574,429

2,857,565

12,309 24,622,053

2/214,545 1,031.9456.707.241

25,183168,919

2,95 ,628 9,022,317

• 16.767 554,000

89,110 435,973

1.587.241 2,307,633 2,558,632 1.990,168

30.305,275 498,983 302/265

1,917,873 9.816,805

10,375,993 20,192,798

327,801

7,250,39724,050

301,9771,051,703

480,545226,353

1,764.190693,168172,516386,683178,388265,310

1,347,365868.476114,219

141 368 86,925

10,7871,810,574

410,502 2.106,867

116.751 634.285

5.128,067 2,429,267 12.220 807 3,542,024 18,368.924

789,522 3,753.937 180,021 1,062,817 90,743 576,005

161.861 787,761307.676 11,032,475

37S/77L60,905

335,851'16,94d!97.408

895.159

41.7524,156

79,28266,881

I46,ln35.171

94,5462,564

25,37921,63644,654

316.044 9 813

333.862 3 JO,649 661.511 121,576

3,614,858 13,LOO

916,987 490.49J

1,261,759

Jure.........11,259,188 1,128,094 6,723,255

2.918,656 2.595.370

757,666 679/251 415 399

1,441,976

138 503 96,215

'9,3752.045,534

378.876 1,981.743

81031 540,746

5,088.895 12.268, (-31 18,323,064 4,076,518 1 007,433

501,671 787,415

10,559,739 187,800

11,459 404.815 370.627 775,442 126,310

3.351,347 12.620

1,059,481 555.924

1,200,377

6,161,069

Acocst 14, 189?.] THE CHBOMCLE, 273Roads,

Latest Grots Earnings. Jan. 1 to Laletl Date.Week or Mo 1897. 1896. 1897. 1896.

Tin P a r • (C ou .i Acb.ODl.4k P. t Aob.J.C.&W! Gent. Branch a Cen.Br.AtML

Gr'fl t o ta l, ‘ t C n .P .B e n .A G .,Wabash.............WaeoANorthw. W.Jersey&Sea’e W.r.Ceu APJtb WestVa.A Pitts. Western of Ala. West. N .y .iP a . Wheel. A I.. Erie Wit. Col. A Awe Wisconsin Cent Wrieht*v.«fcTen. York Southern

June........Istwk Aug; J u n e ..;...June........1th wk JtyIstwk Aug:Stay___. . .June........Slay..........May.........June........UhwkJsily istwk AugMarch.......latwk AugJune---- -J une........

t f32,146!20,000-70.864;

1,155.847: 66,541

247,0 7: 14,451

225,285 93,2*7 33.824 43,434 91.400 15,307 56,180! 93,624

5,626! 5,231

$25,217 14,000 57,443

1,296,264 54,574

213,974 13,350

246. i 4 2. 9.3,155: 36,388 39,710 91,900! 22,911 52,869

10 . 82 5,01- 5,529

ilk week of July,

$209,799 592,000 478,690

8,001.492 1,865,089 6,603,8-0

85,383 1,027,128

455,772 151,766 300,653!

1.3 41,430 5*2,51 •* 186,696

2,463.344 38,935! 31,05

$145,642 414,324 339,323

7,130,585 1,697,357 7,118,733

91,290 1,060,192

472,875 156,750 257,247

1,641,492 h 11,424 ISO, 184

2,350,35-1 14,768 30,375

let week of A ugutt. 1397.

I • IAlabama (H. Southern.. 31,112Aim Arbor------------------- 82,70VAtlantic A Danville...... 9,811?Bait. A OtuoSoathwMt 128,041;Bit dale Ri'u-h. A f itwb's 75,81’Canadian PaelUc............ *87.000Cfcearpeake* Ohio....... i aio.vrfjh*- a... -* East Illinois 63,022i h o Great Western........ { 98,882Chte. Ind*/*n»p A Loulsv 00,495Ohlrawo Mil*. A st. Paul- 600,472-Clei. imraiti * Wheel'*.- 17,2".Denver & Bio Grande .. 139,800:Evans? A Ind iana polls, 5.87bBrawn* A Terre Haute.*! 20.85’Grand Rapids ,-v Indiana ! 40.4 J

< to K k i & Pt. Worth, r 7,874!T ’ »»i t*ei HJ...----- ! 9 siMu*k (it R .p V rod. 2,0. *

Internalional w:0jfc8o»,i 51,4*9;towa Central __ . . . . 34.19*Kanawn* A Mlchlcnn... 11.83.Kan. City -Mi tab. * Galt 54.*.4Kan. City Bab B elt...,,. 12,00-Lake Ene A W eater*...... 69,64Loalsv. Eraser, A at. L 20,7831Lonlevllis A Nashville..- 404.3 u*Mexican 'eotra l.............. 239,705:Mexican National ......... 10s,7o*MinueaptiH* A at, Loui*.: 34.881!Mitts. 8t. t . A ate. S. M 78,77*Mu Satis*** tas ... 212,09.Mo. PaclHc A Ir * Mt. 461,060

Central Branch ............ 20 00*.N, Y Ontario* Weston 86.812Norfolk A W eston......... 2,8,356Peoria Dec a Kvrnsv.. 19.352PHtatranr * IV — tern.. .. 58,44s •P.io Grand* Southern...-t 7,293Rto flraooe Western___ 39,608t, Joseph A 0*1. Inland, 22,-iMnBA Loot* Southwestern. 76 »»>.*.Souther*, Railway........ , 341,125Texas A Paelfle ......... 104.457Toledo A Ohio Central.. 21,704!Tol. St. L 4 Kan. City. 5 1.903Wabash............................... 347,6 7Whwdlne A Lake Erie... 15,307Wisconsin Central.......... 93,624

Total <49 roads)........... jSet Increase (Ui 09 p.o.l.i

1896.8

25,470 •22,031 10,7 »<*

117,54'.07.056

42 *,OOt 198,890

74.97*87.57 • 53,922

550.it

Inertoee. J Decrease.

5,64731

10,4968.754

61,00042.2378,3C 8 7,5 Li

50,2.4

5,263,30*.

Ui,00M5.322%2W

ft*? 13 74333,271 1*421

9728, 29 . . . . . . . 155) 2172,57* 12*

47,32* 4,12129,53 4,65s8,110 3.4- 1 r ^ _ __ _

16 0u7 3-.1.3 , , , , ,mmm7.97H I.Tftft

«2,o»'2 7.514B i 4,881

3.2,49. 5192,544 47.16192,5,11* 23,1613 4,97 u . . . . . . . . 11567,548 10,276

199.95; 12.* n407, 0*- 54.000

1 t.l>» 6,<*O089.115 697

226.9 U . . . . . . . . 7 155li. it51 0 ,1 593

S.iKI ) , 79737,30** 2,30 > __^

21,900 400 . . . . . . . .74,653 2,337 . ________

307,076 33,44994,546 10,311

3,67525,278 ___T _ _

*4,034 7,749 . . . . . . . .243,974 3,65322,9 l i 7,007

101,382 . . . . . . . . 7,7581,780,828 538,478 56,010

492,478 . . . . . . . .

$

1,135

Tl',95G

For the fourth week of July our final statement covers 84 road*, and shows HP6-1 per cent increase in the aggregate over the same week last year.

M week of July. 1897. 1890.

Previously rop'd<16 r'*l*. Ala. No, A Tex Par.—

New Ore * No. East..Ala. A Vicksburg........Vicks. Sh. A I',.*--........

Bari. Ce*l. Rat*. A North. Chicago A W«s* MMilvai Ctov Canton A Sxrath'n.. i Clev. Ctn. Chlo, A 8f. L .. Let CM. Rapid--. A West. Duluth *o. Shore A Atl ! Flint A Pare Marquette. Fla (>ot A Peninsular ! PtWortb A Denver City P t Worth # Rio f>, and** !Georgia .........- ........... . . . . !Grand Sapid** Indiana

Cincinnati R, A Pt. W. ;Traverse *lty........... . . .Mask. Or, Rap, A Ind -:

$ «7,346,367 6,635,167

40.00017.00019,000'

107.964 10,363 1 1,915

390,992 29.36« 59,989 65,114, *4,363 23,33!*!

9,08737,03*560,07911.2171,154:3,416

38.00018.00020,00*

106, 02 44.731 21,098

336,051 32,4*6* 58.323 02,774 38,791 19,415 5.693

32,198 55,202 10,381 1,465 3.160

Increase. j Decrease.S

709,7332,000

1,262

'34,9*7

57,033

1 ,6012,340! ; i l f3,40*4 ,9 8 84,7*7

966

1,0001,000

*8,8710,273

*8,043

230311

* Future- given do not Include Oregon By, A Nav., Ua. Pan. Denver A Gulf, Denver Leadvllle A Gunnison, Montana Oolou and Leavenworth Topeka A south western, a Those figures include resultoon lease.* li oes.

b Include* earnings from ferries, etc., not given separately, f Mexi­can currency, e Include only half o f lines la which Union Pacific has a half interest,

tl Include# operations of the Chic. Burlington & Northern In both years.

; Covers results of lines directly operated east ot Pittsburg, f Include* S t Lento Alton A Terre Haute for all periods; beginning

with July, Chesapeake Ohio A Southwestern la also Included, but for this year only.

Latest (r’-o-H Earning* by VFeeks —The latest we kly earn­ings in the foregoing are separately summei up as follows:

For the firs* week of Vagus our preliminary statem-nt covers 43 r ia&s, and shows 10'09 per cent increase in the aggregate over the same week last year.

Grand Trank of Canada Chicago A Gr'o Trank. Det. Gr. Hav. A Jfilw..Cln Sag. A M *ck.........ToL Sag & Musk...........

Interooeanio (Mex.). . .. Kan. City Ft. 8. A Mem., Kan. City Mom. A Btrcn. LonlavUia Hend.A St. L.. Uemnnls A Charleston.Mexican Rallwav ..........Stinn. St, P. a S. Ste. .M.Norfolk A western........Northern Pacific...........Kio Grande ‘vV, stem ... ShermanShreve. A So..Texas Central.......Toledo Peoria A Weet’n .Un, PaO. Den. A tjalf__Western N. Y. a Penn...

1897. 1896. /tie rears Decrease.$ $ 3 $661,602 632,268 32,33478,631 71,330 7,30125,111 26,194 3 / 83*-3,185 3,552 3673,150

49.3002,782

44,650 3684,650110,080 106,308 9.77223,831 26,636 2,85515,5 iO 13,925 1,61547,390 38,410 8,98070.000 59,500 10,5 010 ,759 93,031 8,728 '

211,983 199,-6/ 15.116641.952 5)8,005 133,947100.100 79,200 27,9005,641 5,358 483 ........ **4,203 5,171 9 820,250 21,636 1,33660,541 54.574 11,96-91.400 91,900 50010,670,616 9,649,975 1,108.331 81,690

. . . . . . . . . . . . . . . . 1,026,641

Net Earnings Hoothly to Latest Dates.-The table follow­ing shows the gross a d net earnings of Steam railroads reported this week. A full detailed statement, including all road* from which monthly returns can be obtained, is given once a month in these columns, and the latest statement of this kind will be found in the Chronicle of July 17, 1897, The next will appear in the issue of August 21, 1897.

-Unite Marnings. 1*97. 1996.8

. f i t E a rn in g s . ■

584,674 430,054 340,417

1,846.933 135,760 753.609 103,176 600.805

50,449 264.299 406,699

05,688 488,996 162,453

1,391,220

. . . K

Roads.Bost. Rt’V. B. A Lynn -

Apr, 1 to June 30___Jito. I to June JO__

Burl. Ced. R. AMo. n.JuueJan. I to tuue JO___

Ohio. A West Mich -JuneJan, l to June -iO----

Det. Gd. Uap.A V.a. JuneJan. 1 u> Jd..« in . ..

Detroit A Hack'd.*.Juno Jan. 1 to June JO....July l to June 3 o .„ „

Ed.EL Hi. Oo„ Bkiyu.JulyJan. 1 pi July Jt.......

B*li»imEUI.Oo„N.y .July Jan. I to July 31 ...,

E*ll*ou El.ILCo.St, L .JulyJan. i » Jaiy 31..........................

Fltchbury.b—Apr, * to June 3 0 .... 1.773,403 Jan. 1 to June 30 ..., 3.338,968

Georgia A Atop a.».Jnno 76,132Jau. 1 to June 30__ 198.641July t to June JO__ l,02i,9J4

HJUtouCantrw.a. June 1,714,284

Lake Erie A WMt b June 293,179 Jau. 1 to June 60 . . . 1,636,749

Mexican Telephone.June 10,656M ,r. 1 1 June 30___ 42,114

N. Y. CMc. A 81. tob—Apr. I to June .>0.... 1,214,253 Jan. I to June 30 . . . 2,5*5,237

Y.Ont. A Went.a.Juno 3*9,673 Jan. I to June 30 . .. 1,7 ,7,097 July 1 to Juuc 30 . . . 3,894,103

Norfolk A Weat'a *..Juaa 8i2,3ol

1897, 1996.

Jan. 1 to June 30 . . . Oct, 1 to June 30 ...

Ohio River.b .........JunoJau. I to June 30 . . .

Oregon R8. A Nav .June Jan. 1 to Juno 30 July l to June 30

5,120,101 7,910,075

75,867 422,343 417,222

1,970.487 4,031,978

Oregon Short Line b.June 586,179 Jan. 1 to June JO ... 2,706,005 Mar. 16 to June JO.,. 1,720,737

PeonaDeo. A Ev....Apr, 61.197Jan. 1 to Apr, 3 0 ---- 278,906

Pblla. A E rie .......b.June 373,555Jan. 1 to Juno Jo . . . 1,864,107

Teh Peoria A Weat.b.July 69,804Jan. 1 to July J1...... 490,193

Ulster A Delaware -Apr. 1 to fune30---- 101,808Jan. 1 to Juno JO___ lo8,53S

Onion Pactflo—Onion Pan, Ry.b..Juno 1,259,188

Jau. 1 to Jnfla JO.. 0,723,-55Cent. Branch b June 39,718

Jan. t to June *>0.. 208,891A t% 2:& £w :i 32*14C

Jan. t to J un# 30 209,7 99Grand total........b .June 1,455,847

Jau. I to Juue 30.. 8,001,492 On. P. O, A Gulf b . Juuo 270,584

Jaa, 1 to June 30___ 1,584,201Western Gas Co.— ft MilwaukeeGas-L.Co. July . . . . . . . .

Jan. 1 to July 31 . . . . . . . . . . .a Net earnlmts hero alvon arc after deducting taxes.b Net earnings hura given are before daduetlun taxes.5 Includes an exceptional amount of'Bllaoellaaecma inooine reocivedioterest, Elm rges uml Sarplun,—The fo llow in g roads, in

addition to their gross and net earnings given in the fore­going, also report charges t *r interest, Xo., w ith t he surplus or deficit above or below those charges,

$ $ $

03,800 539,147 10,490> 111,640 40,i 51 13,073

351,857 88,536 87,1182,112.688 588,347 604,198

' 127,932 17,361 12,305734,918 134 914 101,073

94,939 42,068 31,050545,745 137,465 86.642

36,607 10,081 1-1,99225s,402 71.412 9 i,208431,570 96,908 142,731

57,828 26,765 22.746-151,811 219,213 194.653

1 150,6'*1 59,035 57,2711,262,796 63 ,749 541,80-1

17,848 20,734......... 183,035 188,731

1,815,787 390,188 456,2423,521,607 834,463 825,072

72,437 12,578 11,364343,230 104.246 89,445623,018 284,053 Ib 2 ,» j4

1,090,115 219,874 384,68410,374, 4S 2,955,400 2,834,32122,002,842 0,375,053 7,040,56 6

290,078 111,846 119,9331,690.435 637,896 718,433

! HI 0,066 4,132 2,1071 10,596 15,571 10,509

1.311,023 246,139 243,9002,765, .14 459,215 442,779

363.377 92,288 117,6401,732,1. 8 417,389 423,7323,770,336 1,113,907 1,080,778

945,114 201,943 189,1585,6 4,243 1,308,935 1,116,3218,409,193 2,141,281 1,75J,«U8

85,760 27,480 28,961473,750 139,310 143,393371,113 166,833 125,768

1,930,160 643,518. . . . . . . . 1,94-*,436498,305 354,661 245,715

2,558,012 1,355,305 1,250,1271,610,307 970,570 822,879

64,093 1,- 88 11,481282,040 55,9 24 81,280369,198 94,384 77,870

1,917,873 477,496 468,00676,913 13.832 16,676

555,924 127,0/9 140,162

98,522 27,751 22,967171,467 39,679 29,310

1,128,094 429,970 408,9786,161,069 2,2oB,l65 2,069,284

32.326 10,681 13,950193,081 115,514 78,131

25,217 def.2,295 de£,5,001145,042 15,770 ilef.24,539

1,296,261 456,818 423,1657,130,585 2,608,227 2,220,632

264.842 3L.909 43,3831,402,282 403,379 248,308

28,073 24,514259,004 226,082

274 THE CHRONICLE, [VOL. LXV- In i . ,r e n ta l s , etc1897.

*1396.

*

. - B e d . o t K et E a rn ’ s . - 1897. 1396.

$ *34,103 34.091 i:lef.l7,048 del 21,78 J

207,095 203,204*401.71,363* df. 101,063

121,134 120,340 118,683 tdef.34,16660,228 57.594 51,618 62,339

359,014 347,095 278,852 371,35822,373 21,973 def.8,741 def.5,297

R oads.Ohio. AW. Mich. . Jane

Jan. 1 to Juoe 30—Dot. Gd.Rap.A West.—

Jan. l to .Tuna 30___L. Brio & SYast'o. ..June

Jan. 1 to June 30—Tol. Peoria & West., July

• AJiar allowmar for other income reoaivail.t After allowing (or interest, received, amounting to $1,352.

Alter allowing tor interest paid, amounting to $468.

S I'HEKT RAILWAYS AND TRACHd S COdIPAVlESThe following table shows iln gro s earnings for the latest

period of all street railways from which we are able to ob­tain weekly or monthly returns. The arrangement of the table is the same as that for the steam roads—that is, the tirst two columns of figures give the gross earnings for the latest week or month, and the last two columns the earnings for the calendar year from January 1 to and including such latest week or month.

STREET RAILWAYS AND T 8ACTION COMPANIES.

GrossEarnings.

Akron Bedf d & Clev. June . Amsterdam St. Ry_ May. Anderson EL St. Ry.. May.Atlanta Railway____ June.Baltimoje Traction.. June .B.tth St. Ky. (Maine). June .Bay Cities Consol.... June. Binuhamton St. Ry... June . Bridgeport Traction. July.. Brockton Con. St. Ry. June . Br’klyn Rap. Tr. Co.—

Brooklyn Heights... July. Br'ldynQ.u’ns&Sub, July

Total for system.. July Buffalo Railway.. ... June Chester Traction {Pa ) March.City Elec. (Rotne.Ga.) June Cleveland Electric... Jane Cleve. Painsv & E. June Columbus St Ry. (O.) lstwk Aug Coney Island & Bhyn. June Danv. Gas El. Light &

Street Ry.Denver Con. Tramw..Detroit Citi’ns’ St.Ry.Detroit Elec. Ry Duluth St. Ry...Erie Elec Motor Co Galveston City Ry...Herkimer Mohawk II

ion A Effort El. Ry.HooaiekRv.......... .Houston Elec. St. Ry,Interstate Consol, of

IS orth Attleboro June .Kiogsion City Ry----- June .Lehigh Traction — . June. London8t, Ry. (Can.). June . Lowell Law. & Hav..'June Metrop. (Kansas City) lstwk Aug Metro. W, Side (Chic.)!J uue ... Montgomery St. Ky.Jjune ... Montreal S r.reet Ry:.. July. . . Nassau Elec. (B’klyn);Juiy.... Newburgh Electric... "June New England S t— I

Wi nChester Ave . . . | March.. Piym’th & Kingston March.

Total. . . . — „..«March. New London St. Ry..outre-. New OrleausTraction July... North Shore Traction July... Ogdensburg St. liy ... 'June ..Paterson Ry...............June ..Pitteb.Ft.Sub. El.Ry. June . . . . . .Potkeepsie & Wapp.F. May .Rox >'h Ch.H & Nor'n June Schuylkill Tractton.. May.

' Schuylkill VaL Trac. jMay. :Scrant«>n & Carboncl’e April

Latest G ross E a rn in g s ,

W eek o r H o 1897. 1896.

June . . . June - lstwk Aug July.... May— June . . . March..

June. June. June.

9,354 4,2’ 9 4,362 8,896

121,820 1,704 6,554

12,776 31,741 29,872

9,2584,3858,749

121,3991,9818,696

12,98735,74129,836

421,291 433.190 2, 68,231 69,253

489,522 502,443 3.

J an . 1 to L a test D a te .

1897.

42.25118,26821,18940,999

610.3228,717

1896.

41,06418,860

42,159593.894

iM41

13,5192.541

139,6168,093

11,87934,441

8,20662,85422,97134,46715,83212,73714,559

13,7311,906

140,577

12,75634,786!

!7,736

64,878 24,o88 38,140 19,651 13,694 13,528

179.290 151,283

647.7442; 422,900 070,644 3 638,254

38,340. 10,8431

779,696 3 -,2LB’

347,639 152,744j

50,831339,417640,109234,364

74,32263,28344,175

185,299142,066,632,460410,0534)42,5138*0,50938,683

9,883795,509

2,798; 3.509 20,392671 835 3,360

17,347 17,838 92,595

Scranton & PUtstom Scran ton Railway.. . . Second Ave. (Pi&frb.)Syra case E’st-SideRy. Syracuse Rap. Tr. Ry.Terre Haute Ei’c. Ry. May Third Avenue (N.Y.). June

April..JuneMay... J une. June..

10,6494,5788,5129,966

41,d5436,09866,485

5,466129,243217,779

8,342

14,3952,14>

17,0375,236

102,253157,201

1,65830,804

3,2127,7817,4247,1135,0962,8524,662

28,48785,434

2,74034,93912,683

10,891’4,9349,4538,865

39,32337,230

5,215118,372203,279

7,976

14,3882,062

16,4505,129

114,245172,100

2,36727,951

1,2988,4549,1148,8565,250

J u ly .......June........June........

Toronto R y ...Twin City Rap. Tran.Union (N. Bedford)..United Tract. (Prov.J June . . . . .Unit. Trac. (Reading);June . . . . .Wakefield & Stone.... j June . . . . .Water bury Tr a ction.. July.. Wheeling Railway. . . May. . . . . .Wilkeab. & Wy. valley'June.......

105,381 159,460

18,738 146,94 i 20,006

5,309 23,949 13,610 3 9,0.43

29,27589,173

3,43736,95513,777

86,560 170,470

20,391 150,307

18,054 5,649

21,699 16,180 43,101

57,91324,66448,93043,920

192,8701,054,578

27,048768,323

1,059,38934,363

42,0766,040

48,11619,985

756,820786,174

7,366153,256

16,34229,82334,11134.744 20,235

18,384 162,845

*294,550 15,795

202,464 58,424

1,256,493 577,038 920,599 101.535 806,663

' 85,74024.744

142 ,1 7 062,641

! 227,710

384,277158,64348,795

349,508611,148250,246

85,35371,46039,845

21,6544,011

95,403

56,35525,12557,43338,782

186,3621,050,149

’’i 6,512 721,109. 745,464

36,385

42,6816,096

48,77720,494

795,975808,378

8,019155,739

8,05231,04131,07538,525

1.61,778 ■297,224

18.374 212,007

60,951 ,292,916 551,477 960.164 102,767 -827,824

87,752 24,857

136,501 66,941

236,431" Includes results on North Side Traction Company, which was leased

February, 1896, to the Second Ave. Traction Co.

Street Hallway Net Kamings.—'The following table gives the returns of STEEET'raH way gross and netearningsreceived this week. I u reporting these net earnings for the street rail­ways, we adopt the sime plan as that for the steam roads— that is, we print each week all the returns received that week, but once a mouth (on the third or the fourth Saturday) we bring together ail the roads furnishing returns, and the latest statement of this kind will he found in the Chronicle of July 17,1897, The next will appear in the issue of August 91, 1897.

- G ross E a rn in g s .-1897,

144,602269,959

315,178 638,254

R oads.Albany (N. Y.)—

Apr, 1 to June 30___Jan, 1 to Juno 3 0 .. . .

Buffalo (N. Y.) —Apr, 1 to June 8 0 . . . .Jan. 1 to June 3 0 .. . .

Crosstown Si. Ry. (Buffalo)—Apr. 1 to June 30___ 114,862Jan. 1 to June 30 ___ 221,625

Columbus (O.) St. Rv Julv 51,735 Jam 1 to July 3 1 .. . . 335,760

Detroit Citizens’St, Ry.July 106,914 Jan. 1 to July 3 1 .. . . 617,138

Detroit Electric Ry., July 34,467Jan. 1 to July 3 1 ..... 234,364

Herkimer Mohawk Ilion & Frank. EL Ky.,., June

Jan, 1 to June 30..*.Manhattan EL (N.Y.)—

Apr. 1 to .June 30___ 2,332,748Jan. 1 to June 30___ 4,720,252

Second Ave. (N. Y,)—Apr. 1 to June 3 0 ....Jan. 1 to June 3 0 .. . .

Waterbury Trac,Co.. July Jam 1 to July 3 i . . . .

Wen t Chicago Sr. RR.—Jam 1 to May 31....... 3,511,233 1,651,643 587,707 586,615

Interest Charges aud Surplus— The following Street railways, in addition to their gross and net earnings given in the foregoing, also report charges for interest, &o., with the surplus or deficit above or below those charges.

I n i . R en ta ls , die. — . B a l. o f W et E a rrJ g s .—, 1897. 1896 1897. 1896<g g <g

3,110 5,240 6,668 4,22921,612 25,168 38,745 37,834

2,79820,397

174,085313.57923,949

142.170

1896.$

144,510264,331

345,355680,509

120,312 226,351

56,112 371,-21 100,542 586 560

38,140 250,246

3,50921,654

2,321,8134,684,6*4

223,447 39s,470 21,6-49

136,501

-N e t E a r n in g s . -1897.

67,23898,699

158,251308,864

44,r’0974,92226,433

174,96157,554

296,56510,93974,761

1.2619,936

976,2242,024,737

36,2185,383

9,77860,357

1896.

50,60984,607

167,503329,219

33,79064,51029,914

188.80543.368

236,91912,18775,279

1,73511,190

935,8981,830,997

59,35285,4189,469

61,002

R oads. Waterbury Tract'm.July

Jam 1 to July 31___

A N N U A L R E P O R T S .

Annual Keporfcs.—The following is an index to ail annual reports of steam railroads, savet railways and miscellaneous companies wmch have been published since the last editions of the Investors’ and Street Railw ay Supplements,

This index does not include reports m to-day’s Chronicle. Railroads and Mliscel. Co.1 V olu m e 65— R age.

B oston & Albany (advan ce).......... 193Buffalo Roeh. & P itts (a d v a n ce ),.. 232Calumet & H ecla M ining................ . 233Erie R R . (a d v a n ce ).. ....... .............. 232M exican In tern a tion a l.......... .149, 156Mobile & Ohio (advance) .. ------ 23*

Railroads and Misc£L.Co’s(CJo?& j V o lu m e 65— P a g e

Ry. Equip, o f M innesota............ ... .. 150R io Grande Southern. ................ 233San Francisco & N orth Pacific....... 193

ST KELT Railways. Schenectady Rail way. . . . . . . .. . . . . 233U nion Ky. (N, Y . C ity ).. . . . . . . . . . . . . 193

Chicago k Sorth Western Railw ay.( Report for the -year eirting May SI, 18.97 J

The r imams of President HagaLoc via o; found oa subse­quent pa^es,

L’he o imperative tables for four yews, coinoUed f n- the Chronicle, are as follows, including since Sept. 1, 1891, the Mil. L. S. & West.

OPERATIONS ASD FISCAL RESULTS. 1896-97. 1895-id. 1894-95. 1 6 9 3 -9 4 .

5 ,0 3 LMiles op. May 31 5,031 5,031 5,011O p era tio n s 1

Passengers car­ried . ........... 13,821,065 15,241,910 15,117,198

Passenger mile­a g e ................. 311,103,833 361,600,370 340,377,973 4*1.140,833

Eateper passen­ger per mile. 2-04 ots. 2-05 cts. 2-07 ets.

Freight (tons)moved*........... 15,225,138 17,032,389 13,82-2,906

Freight (tons)mileage*____2251,027,285 2372,355,433 1713,655,941 1939,355,695

Rate per ton

1 7 ,1 8 2 ,4 0 >

1-95 ets.

12,949,182

per mile*.......E a r n in g s —

Passenger.........Freight.......—M.aii,«xs>’-as,&o,

0*99 ets.$

6.963,57822,216,6121,777,053

1 03 cts.$

7,408,82724,354,6221,725,312

1*14 ots.$

7,044,69119,4^4,4151,679,268

1*07 ots,$

9,226,16? 21,284,929 1,47 4,786

Tot. earns. 30,977,213 33,488,761 28,108,374 31,986,187E x p en ses—

Maimof way.&e 4,143,0 L7 4,014,144 3,278,722Maiut. of equip. 3,033,188 4,104,969 2,414,170 > 19,367,828Cond’n tr’nsp’u 11,001,471 11,596,954 11,165,137General,........... 699,413 657,336 645.588T axes.............. .1,061,732 1,075,569 1,007,8 Li 1,010,302

Total.......... 19,938,821 21,418,971 18,511,728 20,9 J7,930Net earnings.. 11,038,42 J 12,039,790 9,598,616 11,073,252P.o.ex. to earn. 64-37 84*05 65-86 65-37

* Including construction materia!.IHCOME ACCOUNT.

R eceip ts— Net earnings.. Investm’ts, Ac.

1896-97.a>

11,038,422964,310

1895-96.$

12,039,790671,633

1894-95.$

9,596,616652,274

1893-91.IB

11,078,252431,673

Total.......... 12,002,732 12,711,128D isb u rsem en ts

Inter, on dent!..Dividends........Rate of divid’nd

on common...Kate of divid’nd

on preferred.Sinking fund...

10,248,920 11,509,925

7,115,7013,518,650

5 p. e.

7 p. c. 196,413

7,122.3563,517,057

5 p. c,

7 p. o. 220,990

Total disb’ts. 10,330,764 10,880,403Balance............ ar.1,171,968 sr.1,851,025

7,071,1353,125,546

4 p. c.

7 p. e. 325,830

10,522,511 df. 273,591

6,875,2323,906,594

6 p. c.

7 p. c. 327,150

11,108,976sr.400,949

August 14, 1897,] THE CHRONICLE. 275SEXEBU, BAX, ASCS SHEET MiY 31.

1897. 1896. 1S95. 1894.Asset#— $ $ $ $

Road and eu'ilpm't.171,955,855 170.233,859 180,795,191 189,209,711B’ds and st’ks and

I’d gr. in vest....... 38,911,215 36,737,805 37,619,716 33,636,746Bills and accounts

receivable...... ... 1,739.317Material*, fuel, Ac., 2,165,971Cash on baud ........ 2,223,468Trustees of sinking

fu n d . 7,994,050

1,777.1432,164,1952,716,312

1,111,6191,886,1332,311,461

1,700.0081,777,2142,309,6.7

7,590,930 7,201.571 6,817,106Total.................. 222,921,909 221,333,547 231,216,056 231,510,132

Liabilities.Stock, common....... 41,113,866 11.102.888 11,387,808 41.387.8S6Slock, preferred . .. 22,367,155 22,353,155 22,338,155 22,338,155Stocks of pronriet'ry

roads. A o . . . ................................ . . . 519,510 519,510Bonded debt............131,367,500 131,528,500131,661,500 130,113,500Bonds on band from

pur.of M.L. AW. R'y 8,407,000 8,417,000 8.508,000 8,550,000Dividend declared,

not due . . . . 1,368,331 1,367,739 976,019 1,532,135Sink's f d* paid and

secretions thereto. 7,994.050 7,590.938 7,201,571 6,817.100Securities for capit'l

stock Issued.................................................... 2,331,287 2 331,267Securities re t i r e d

from Income.......... .............................. . 1,136,000 890,000Current bill*, pay­

rolls. Ac........ . 1,871,982 1,972,118 1,387.912 1.802,23217 a e o il e uted cou­

pons, A c................ 132,709 147,895 1*5,6 1 175,748Due to road* in Iowa .. . .. ............ ........... 1,110,077CooeoIMaf'o Coal Co 15,101 11,77:9 178,41 J H 4,569Accrued and accru­

ing Inter, *t.......... 1,830,025 1.818,015 1,319 131 1.346,336MisoelUneotw ...... . . . . . 253,403 107.5r*Lib 1 income aO’et . 2,073,271 1,805,663 3.342,181 3,121.34*Ballr-d ibOSine acc’ t 4,038,501 *4851,533 7,492.821 7,766,111

Total..................222,921.909 221,333, .17 231,216,056 231,510.132FREMONT ELKHOBN A MISSOURI VALLK5',

Tin* earnings and ine rn-j ncsonntg of tste r -vi h tv<* been compiled for four year* for the CaaoxtCLB as oelow:

iUKMHs m u BXFKMSKS.

Miles operated . ... Mornings /earn-

Ptm-mmgei*.-------Freight ...............

1998-97. 1895-96. 1894 95... 1,301 1,101 1,301

* * «, 484.004 *04,707 510,144.2.253,415 2,094,919 1.810,4-5. 3 J 1.943 361,783 34U.213.3.<m,9S2 * 2,666.042.2,2(9,143 2.050,769 1,973.8 >9. 793,939 893,070 093.0341,007,101 1,0042)50 1,011,5)1

. 14540 13.513

.1,020.941 1,022,469 1,025,023

with the power break, a sufficient nurnier to meat the require­ments of the service.

The Improvement and Ware River funds have received $51,730, dividends and interest from the securities hdd by the trustees, an 1 they now stand charged with $3 378,000.

The op •rations, earnings, oaarg-s, etc., for four years were as below given:

OPRRA7IOSS AND FISCAL RESULTS.1896-97. 1895-96. 1894-95 1893-91.

Passengers eirrled. 11.233,337 12,783,327 12,151,670 12.152,100 Passenger mileage .211,657,453 231,29.3.423 212,832,031 215,414,317 Freight Itmi-I car’d. 1,130.955 4,122,112 3,994,310 3,900,772Freight (two 1 mile.449,059,917 433,975,620 427,095,496 128,596,758 Eimingg — $ $ $ sgPassengers.............. 3.814,025 4. M0,816 3,909,358 3,902.721FreUli*............. 4,124.320 4.134,198 4,138,405 4 043 900Man, express, «to... l , t 76,23 > 1,115,618 1.135,105 1,240.852

Total eamiogs,- Operatini; Expenses

Mai at. of wuv. <Sso .Mai lit. of -quHwi't,.Tran-p. ttiwniei...General and tax.es,.

Tot. (inel. tares)Net earnings ..........

Net earn losi..........Disbursements ■

Rent*!* paid ...........Tnterisltuo debt ....Dividends ( i p c.i .

Total d is burst’s.Balance, surplie . . .

IIAt.AXC* SHSHT .ICSK 3),1397. 18911. 1895,

$ 3 *27,511.113 27.5U .H 8 2L 5U .U 7

475,434 475 4-15 47,4.44*1,911,276 1.937.27.1 1,931,278

122.375 340.340 111,310751,995 881.23 3 751.216

9,114,825 9,3)0,631 9.130,836 9,190,2761,751,5*3 1.315,853 1,551,875

621.117 9 4L.JU 832.35 t 617,90.03.367. It 2 3,3 H,8 » t 3, '**5,2 5 9 4,346.284*<*7,23 r? S8^,»7 X 816,131 174.3206,9*8,075 8,911.965 o.sio.aii 6,720,2892.436,850 2,435,767 2,551,505 2,163,983

IKCOME ACCOUNT.1896-97. 1995-96. 1994-95, 1893-94.

$ # $ S2,451,5 ,0 2,43 1,767 2,551.505 2,139,988

78,000 78*009 78,010 73,000337,**83 3 17.180 453.15 » 381,110

2.HJI.0 JU 2,0 ’0.00) *2,000,000 2,000,0032,41*,980 2,415,990 3,531,150 2,45),410

40,570 *22.797 20,355 10,578

Assets-(toad tx in*lSpai*!U., H ad to a lit v. 11 r Id g*> * Other perm Inv’. r . Maloti *D jc . ipplimDae from e*>t£i!»,uj*ea

and twiteiiiuaia...N ores r-cei vaide....BMi estate..............Special eq*iipaj»a4 .luipruveineat fa ,4.Ca-Ii . ............. .. . ..

1.317.71 4 627, 00

2,323,274816,787

1,123,298 62 7.000

2. 261,370 8 31,00 >

1891,*

27,511,118 175.485

1,981,27 1 544,009752.*86•292,040

1,078,039 627.0 .0

2,040.992 2,738,207

Set earulBgi...Den a rt—Interest............. . .ReutaiB, C, A P. Hit,

1,0,19,347Balance . . .. . ...dof. 227,102 daf. 129,7*9 dot 332,195 «ur. 05,511 -V . fc5, p. 235.

Boston & Alhiny Eli. Company./Report f o r the year ending June SO, 1897.J

The report says in substance :General Rem'U —Eire trie R tilway Competition, —Tne gross

receipts of tne year decreased $2U§*IW7, about percent, the pru.cipsl loss bring in passenger earning*. This loss was partly due to depression in business and partly to the competition of electric railway* [ fhs nuab»r o! pisiengers carried one mile, it will ba noticed, d- crease 1 for the year *t5.iiU,97,'), or abou 7 p.-r cent.—Eb | The freight earnings were substantially the aime as in ltjflfS, altli .ugh the tonnage was sotnewnat Urger, Exp -0.403 decreased 8A53.79X

All the expenditures of the year have been mot by current receipts. There has been no charge to construction and there is no floating debt.

Removal o f Grade Grottinge.—As far back as 1983 i: b=- cam** the settled p>iicy of tbs company to remove the grade crossings on the main line as soon a* was practicable, and uo to 1880 33 grade crossings were abolished at a coitof $149,919, On the passage of t >e gradc-ert-stog law in 1890 better prog­ress was made, and up to the present time 05 grade crotsings have been remove 1 under this Aetata cost of -$3,083,345. making a totU cost of $3,533,301 for98 ero.-wiogs, There now remain do (to mala W#e in d iu sC ta d U 47 level crossings. At ili * present rate of progress m wt of them will probib y 00 abolished in four years.

In the State of New York last winter a grade-crossing Act was passed somewhat similar to the MMsacnuietts law, which will enable the oaoipiuy to abolish without much delay the grade crossings, 82 in number, now remaining on the maiu line between the State Line and Albany.

The W'.rk of depressing the road at Newton was begun .July lit, 1996, and on July 11, 1897, two track* in the new road-bed were completed and in opera’.ion, and it is expected tint the four tracks will be in use by November. As far a* audited! the amount pud by the city of Newton is $*293,993, miking the total co*t of this Improvement. $1,695,511, The charge for aholitioa of gride crossings at ail palate for the year is $1.- 278,387, but tbs Commonwealth has p*M fo r the cities and towns interest sd $387,085, making a net Charge tor (he year of $1,041,201.

Other Improvement*. —Fonrt sen thousand on-i hundred and fifty tons of eiandard rail have been purch is.'d and charged into the operating expense* of the year, although all of theta were not 1 tid on Juno 30, 1897, The miin line from Boston to Albany will t>e laid with rail of the heavy section by Sept, 1.

The fr ight cars of the company are now equipped with t he vertical plane coupler and 6) per cent of them are furnished

25 034,0 0 7,19 i, >44

25,00 ),0 JO 7,111.004

1 17.500•25.040.000

9,475,004•190,500

85.095 120,405

T ta* .**-, *. . . . 5 ,i,.> 1 9 .0 4 3 3 6 , 2 8 ‘,7 43 3 > ,9 3 8 ,3 >U 3 7 ,0 9 0 ,7 * 0Liabilities—

8 look o,mi/u,aFiir,11.1 debs ____,,.Note* p»jrj*)>:. .......lutore* and rants

<1i- *»d *<<nt 1 .UnoSalm'il divlil'nd*

i«i.l interest — ...Ledger balances ...Improve man* fond.Sinking ruud A mi.R e n e w a l g r a d e

»ra»*tng*. .............Profit and loss. .. . . .

25.0 >0.0 >0 7,485,004

125,045501,767 781,895

1,021, !Ut 156,085

89,9055 44,073 034,649

1,970.165 148.015

501,129 488,787

1,921.O10 176,930

561,738323,117

1,614,139264,057

300,000215.407

300,040204,936 182,049 161,693

Total UiWiill,.*. 36,618,003 36,290,743 35,999,810 37,999,740 —V. 85, i>. 193.

New fork Ontario ,fc Western By./Statement fo r year ending June SO, 1897,J

The following statement of earnings and expenses for the late iiscil year lias b;en compiled for the Chronicle :

1896-7, 1895-8. 1891-5.Gross '• iral, .........................f3.8H4.402 *3.779,335 $3,683,113Operating cxpei)-. ;s and taxes. 2,780,495 2,098,553 2,842,412

Other luooine .

Interest and rentals

$1,113,907 $1,080,777 91,026,70182,900 81,465 75,090

.$1,190,707 $1,102,241 $1,101,791. 706,797 7*6.673 775,407. $399,910 $375,569 $328,334

OENRKAt. BALANCE SHEET JUNK 30, 1837.Anmiw— $

0piti &t roAil ami ea*iip.63,S80,9 i5 Sfefk i 4 b’d# of ociiorco*. 3,250,100 Bupp Je* ou tiauii. 219,20 J Acoruwl inlerAst........ 20,315Due by iv-at-, neeouut

oftraffl- 412,675

i Liabilities— $ Capital stock,oominon.58,113,982

1 Capita,! stock, iiro f----- 5,000Pnu led debt..................13,375,000boaua and bills* payable. 25o,000 Int, On til. debt dae aads.

Due by open acc;s., e:c. 961.4 IS OasUonb*nd. . . . . . ... ioa,52^ hum • a ad to ills recaiv,. 1,030,107 Ffcf, redQu»i>. faad. 5.000 Oa m u ride r lease___ __ 101,707

Dec for Wiigaa and sub. 301,991 Duo nil ope u aoeouuts., 219,00 7 Wharton Val. Ry. o n . 54,205 H40. * Fa. BR coll . . . 117,326 Bal. u iider oar tr. agree. 101.703 Prolit A loss, surplus... 2,381,090

Total........................ 75,901,359To ral........................75,901,359-V . 64, r>. 954,

Saa Francisco A North Pacillc Hallway Co./Report fo r the year ending June SO, 1897,.)

Toe iac >au* account for the late iircal year was published in the Chronicles of July 3i, page 193. Tne pamphlet report now at hand contains no balauoe sheet, but furnishes thi fol­lowing information.

“ Ail expenditures, including work of a betterment nature,# have as usual been charged to operating expenses, in whicn is moludrd $3,110 pud in settlement of suits incurred prior to beginning of fiscal year. The physical condition of the prop­erty baa neon carefully maintained and about .$9,000 in addi­tion expended in new sidings, ^freight, baggage and tranafo ,

276 THE CHRONICLE, [Vol. LXV

oars, steam steering gear for steamer Ukiah and additions to

“ During the year 10 tons of 56-pound Bteel rails and 115 tons of iroD rails have been re-laid in main track, 85 tons of iron rails and 3 tons of steel rails have been used for constructing siding-, 13,786 new cross ties laid in main line and 987 new ties laid in hidings. New sidirgs have been laid and old sid- ing8‘fxtended, making a total of 2,790 feet of new Bidlngs con­structed. . _ , A

“ The equipment of the road has had special attention andis in first class condition. . ,

“The continued general depression of business during the past year has affected the gross earnings, but the policy main­tain* d during past years of keeping up the physical condition of the property has enabled the company this year to materi­ally reduce its* operating expenses.”—V. 65, p. 198,

Western New York & Pennsylvania Railway.( Earnings fo r year ending June 80, 1897J

The earnings of this company for the late fiscal year have been compiled, and compare as follows with previous years. The inter* st on ihe new general mortgage bonds from April 1 to Jure 30, 1896, three months only, is included in the charges of tint year ; interest on these bonds previous to April 1,1896, was provided for out of aesessmei ts on stock at the lime of reorganization in March, 1895. For the fiscal year 1896-97 interest amounting to $225,000 on these bonds has been charged against income.

plus for the year $108,146, For depreciation, $87,264 was charged, making the total surplus Jure 30, 1897, $352,087.

BALANCE SHEET JUNE 30, 1897.D ebtor.

Plant accounts............ $1,837,457Real estate. Underground conduits Underground cables . . . Supplies, materials and

tools..............................Cash................................Accounts and notes re­

ceivable........................

Total............................ $3,506,101

656,913336,051315,120

69.527131,253

159,780

C red itor.Capital stook..................$1,700,000First mort*ag* s . . . . *293,000Consol, first ratge 5s 957,000Notes aud accounts pay­

able ___ . ....... 204,013Balance to oredit of

profit and lo ss ........... 352,038

Total.......... ................. $3,506,101

Second Avenue RR. (New York Ci y >.( Earnings fo r the year ending June SO, 1897.)

Earnings fer the quarter and the fiscal year ending June 30 have been reported as follows:

1896-97. 1895-96. 1894-95.* ¥ $

.2,954,772 8,186,028 3,282,010

.2,042,946 2,233,910 2,292,836

. 911,826 952 118 989,174

. 55,651 74,613 29,600

. 867,477 1,026,731 1,0! 8,774

. 873,442 705,893 685.914

. 94,035 320,838 332,860Surplus for year------ ------------- 94,035GENERAL BALANCE SHEET JUNE 30.

A ssets— 1897.Rond and equipment................... ........ . . . . $51,423,993Stoefcs and bonds owned.Materials and supplies........................ .Due from agents................................. .Due frem individuals and cos............ .Cash on hand.............................- .........Ui accrued interest on equip, notes..Union Terminal RR— ......................Miscellaneous........................................

686,261 155,'80 103,988 411,336 22f>,890

26,452 200,620

5,969

Total as set 8..............................................$53,240,289L ia b il it ie s—

Stock............................ $20,000,000Bonds (see Supplement) . . . ...................... 29,99o,C00

1896.$51,424,067

686,261 180,167 95,5*6

496,842 85,Hi 8 36,506

200,620 6,910

$53,212,777

$20,006,0C0 29,990.000

188,252 30 ,550 289,798 393, SOo

57,000 62,720

1,929,0*9 128

$53,212,777

Equipnier t notes (incl interest)............... 133,985Interest on 1st mortgage bonds............... 337,127Real»state mortgages.................... 289,798Wages and supplies, etc.............................. 4* 9.184Kfnssua Valley RK. warrants.................... 57,000Bills payable.......................... —............................. .........Profit and loss............................................... 2,023,068Miscellaneous........................................ 127

Total liabilities.............................. . . . . $53,240,289- V . 64, p. 903.

Ohio F alls Car M anufacturing.( Balance sheet fo r year ending June 30 )

The balance sheets June 30, 1896 and 1897, as audited by Barrow, W ade, Guthrie & Co., are as follows:

BALANCE SHEET JUNE 30.A sse ts—I 1897. 1896.

Real estate, bolld'gi, tools, mack’ry & fixtures.$l,2t*4,293 $1,294,299Stock of in tertais on hand, as por inventory... 231,98 2 238.936Bonds purchased (or redemption............. 50,000 21,000Bills receivable (net value)...................... 24,8,144 309,189Accounts receivable..................................... 120,776 126,292Bonds and securities of other companies......... 66,375 5i,0i9Cash on band and In banks........................ 12,442 23,999Insurance premiums paid in advanoe.... 3,368 4,8:t0Freight, paid in advance___ . — ................. 2,737 837Interest aocrucd and paid in advance............. 2,069 2,284

Total ................................................. ..$2,032,192 $2,072,775L ia b ilit ie s—

Preferred capital stock............................... 800,000Common capital » 00k......... 400,000Flr.t mortgage bonds........................................ 5(1 ',001)Bills payable........................................................... 102,624Account? payable.Unpaid labor...................... .Accrued lntere.ton bonds.. Acorued Interest on loans..Aoorued taxes........................Freights due.................. . . . .Reserve acoount..

19.074 4,544 7,500 2,139 3,443 1.062

87.798Undivided profits................................................... 104,007

Total....................................................................$2,032,192—V. 63, p. 188.

Boston Electric Light Company.f Report for year ending June SO, 1897. J

800,000 400,0"0 52 ,000 185,661

44,072 1,058 7,800

2,750

87.79823,636

$2,072,775

following

1894-91, $610,265

411,45c

$198.81f 31,84

$166,96:Adding the premium, of *7,743 from bond sales and de­

ducting the dividends amounting to $110,500 makes ilie sur

showing :

Income.....................Expenses................

1896-97. 1895-96.$660,973

420,641Net........ ..............

Charges.............................. $274,145 $240,332

50,319Balance.............................$210,903 $190,013

3 m on th s end. G ross N et O therJ u n e 30. e a rn in g s . ea rn in g s . in com e.

1897.............. .$i74,t»85 $36,218 $1,5861896____ . 223,447 59,352 625189 **___ 252,168 58,254 625

12 m o n th s -1896-97 ....... .$700,021 $96,016 $4,0071895-96........ . 893,189 215.279 2,500189*95 ........ . 954,963 221,048 2,500

In te re s t , ta xes , etc. $ 3, 00

25,541 25,3 tl

$122,213 124,575 13 ',428

B a la n ce f o r d ies .

Def. #4,304 34,436 33,538

Def. $22,190 93,204 93,120'

GENERAL BALANCE SHEET JUNE 30, 18b7.L ia b il it ie s —A sse ts —

Cost of road and equip­ment ....................$3,870,437

Supplies on hand............................. 24,324Cash on hand................ 41.8 9Open accounts.............. 72,674New construction------------------------ 5,768Profit & loss, deficiency 49,566

Total..........................$4,064,598

—Y. 64, p, 955.

Capital stock, com’n .. .$1,862,OOOFunded debt................... 1,960,000Loans and bills payable 215,000 Int on fun dr d debt due

and accrued.............. 13,833Due for wages and sup­

plies.............................. 8,373Due on open accounts. 5,392

Total.................. $4,064,598

Buffalo Railway.( Earnings for tfie year ending June 80, 1897. J

Earnings for the quarter and the fiscal year ending June 30'have been reported as follows, the Crosttown Street Ry.:3 m os. en d . G ross N et O ther In teres tJ u n e 30— e a rn in g s . e a rn in g s . in com e. ta xes , etc.1897........ . $315,178 $158,251 $5,317 $108,1971896........ . 345,355 167,5 3 6,171 103,0721895........ 340,398 181,079 6,049 104,538

12 m os.1896-97....$1,326 972 $658,118 $23,910 $427,1221895-96.... 1,370,522 690,480 24,464 4 17 /4 81894-95.. . 1,274,763 61^,639 24,322 403,517

These figures do not include

B a la n ce , s u r p lu s . $55,971

70,602 82,540

$254,906.297.796240,444,

GENERAL BALANCE SHEET JUNE 30, 1897.L ia b il it ie s —A ssets_

Cost of road & equip $11,819,042Stocks aDd bonds of

other companies____ 368,554Supt lies on hand........... 22,781Due by ageuts..... 4,935Due by open accounts 298,5.53Cash on hand....... 11,156

Capital stock,com..... $5,370,500Funded debt ........... 6,167,131Loans & bills payable.. 50,000Int. on funded debt

due and accrued....... 99,792Duef’rwag* sA supp’s. 31,599Due od open acco nts 120,164Profit &I0888U1 pi us... 685,835

Total....................... $12,525,021- Y . 64, p. 951.

Total....................... $12,525,023-

G E N E R A L I N V E S T M E N T N E W S .

Reorganizations, Etc. -L a test Data as to Defaults, Reor­ganization Plans, Payment o f Overdue Coupons, E tc .—All facts of this nature appearing since the publication ot the last issues of the I nvestors ’ and the Str eet R a il w a y Su p p l e ­ments may be readily found by means of the following index. This mdex does not include matter in fco-dav’s Ch r o n ic le . See index in Chr o n icle of June 19, page 1179, for additional small companies.

Note.—Under street railways, the full faced figures refer to Volum e 65; plain type to Volum e 64.

Railroads and Miscel. Co.’s.V olu m e 65. P a g e.

American Publishers’ Corpo.reevr. 283 Do do committees. 233

Balt. & Ohio. . .L o a n o f l88 .d el 194. 234 Do Pitts. & Con. con sol*., cow. 234

Colum. H. V. & Tol............ deposits. 151Colorado Midland........... sat*.194, 235Edison Ilium, of St. Louis......sale. 194Madison Square Garden....... reorg. 195Ogdens.& Lake Champ.......coupon. 152Ohio Southern...............foreclosure. 152Penn. Midland........................Com. 152Peoria Dec. & Ev. Evans.D lv J o n cl. 195Rich. N. I. & B — ....... upset pi ice. 236Summit Branch RR.......... s< le. 112, 152Terre H. & Logans..sale. 152; coups. 236Traverse City.....................coupon. 236Union Pacific ... coupons. 196

Do ....... ... .................. for eel. 196Do coil. tr. Q s.vart p a y 'to f vri/n. 236

Bal 1 im ore & Ohio R R .— E a r n i n g s o f P i t t s b u r g & C o n n e l l s - v i l l e D i v i s i o n .— Reference was made last week to a statement sent to holders of Pittsburg & Connellsville codsoIs by J. S. Morgan & C o., showing the earnings of the Pittsburg & Con- nell&ville division for the fifteen months ending May 31, 1897. This statement is now at band. It covers, besides the P. & C. proper, the Somerset & Cambria R R ., Berlin RR. and Ohio & Ba’timore Short Line. In substance it is as follows:STATEMENT 15 MONTHS TO MAY 31, 1897 (MAY, 1897, APPROXIMATED).Gross earnings..................................................................................$3,702,«58Operating expenses...................................................................... 3.026.753

Net earnings.............. $676,105

Street Railways. V olu m es 14 a n d 65— P a g e .

Ashury Park & Belmar................... sale. 1223Baltimore Traction......... ) rn/nsn1 n ortCity & Suburban.............$ consol. 1180Belle City (Racine.Wi8.).reory.68,1-11

Do do ....... sold. 150-Brooklyn Elevated---- deposits. 1137Capital Ry., Frankfort, Ky sold.1180Knelewood & Chicago Elec. sale. 194 4thSt.& arsenal St.L.h.sold.69, 111 Kings County Elevated . .reorg. 1002 No. Wes t ’n El.( Ch i c.).Const Co.int. 1112 Omaha&Coun. B. Ry.&Br-.status. 2 3 6 People’s Ry. (St. Louis), sale. 1041; 69Pittsburg St. Rys consolidation. 1181Saginaw Consol. St...............refvr.1043Union St. Ry. (Saginaw)......recw.1043

Acersr 14 isv*7.. THE CHRONICLE. 277Oh irg e s p a id -

.............................................. ............... ....................—Keatals for . tie year of Pittsburg property that is subject

to -i. & O. ter »> i Q-it mortgage....................................... . ...........Inr.on $2.5:1-,000 Istm extended 4sfor6 mas. to Jan , 1897

Do £1,373,00 consol. 6a for one y en to Jan., 1897- .. Di. §!• ,00 />00 bond* of 1885, for one year to Feb., 1397

$41,133

70.001 50,760

39 4.89 4 500.000

Batancs, deficit.................... ....................... ....................... . 8384,681The following charges not having beea paid prior to Miy

31 ate not inoluied tbive:Interest doe July 1.1393, on 81,030,000 1st mortgage 7s

| This Interest, and at-oattlater 3% per cam coupons of this loan were oarehtutil by Vermllye Se Co., ami are aoh itge against the r tad.— E n d ................................ . . . . 8140,000

Interest on I st mortgage due Jan. 1,1397 [the balance due I) It, a date the property being charged w th Interest st the full 7 percent rate on all tiis §4 000, >00 bonds, the loan not malaria* till July 1,1398, although. as seated, aportion of the loan baa already been extended— Ed ] 89,240

First-nortg >ge. Interest accrued, not <4ne...............— .. ... 116.667Consol, mortgage do do do ........................— 1«6.206Bonds of 1835 do dn do ................ .......... 166,661Rental of Pittsburg property, due June 1, 1817........ ......... 35,010

Totil charges not piid .......................................... ...... $713,779Total cntlr deficit........ .......... . ......... .. ................ ..........$1,093,461Deficit, If property were charged with only 4 per cent in-

S!«ad of the fail 7 per cent as abrve stated, on the8l.ii0.000 first mortgage bonds ............ .— ......................... - $973,481- V . 65, p. 233.Canadian Pacific By —Dividend —T to company h»a de­

clared a 3“mi-annusl dividend of l ‘ ,> p»r cent on the common stock, payable Oct. 1. The two semi-annual dividends jusr preceding were only 1 per cent each, t^e present dividend being, therefore, an increase of per cent, —V. 04, p. 1180.

Clere! Mid Omtnn & Hontbern RR.—Cro**b;ll A'tacking FVi/idtfv o f Cleveland <t- Canton 11 mds o f 1S87— In t ie United States Cr-nrt at C dumbos O., the Knickerbocker Tru*' Com »Dy, as trustee f jr the consolidated mortgage of 1892. has filed a cr<>»s-btU in the foreclosure suit under toe fi-M m >r-- gage of 1887, attacking the validity of the $3,000,000 first mortgage bonds. It & alleged that when the bonds were issu 'd in 1347 tip- authoriz'd stock of the railroad company was only $200,000. Consequently as the law of Oht > forbid* th- Issue of bond* to a greater extent than th cioital «-ock, it is claimed the $3,000,000 issue is invalid.— V. i!4, p. 510.

Chicago 6a»— People’s fias Light St Colte. —N m Companyin Pouesxion.—The Consolidation Committee on Thu ■-day transferred the bus ness of the Chicago Oa« companies to the directors of the People's Gas T ight & t ’oke 0 '. of Chicago. The committee then ceased to exist,—V. $5, p. 385.

I'lncinna'i Inclined Plane Ry,—Bondhohler* meeting Aug. IS.—There will be a meeting of the owners of the first mortgage bonds at the banking h use of 8, Kuhn & Sods, io Cincinnati, on Wednesday, Aug. 1$, 1807, at 2:8) P. M. It is said to be important that all bond* be represented.

Coup m Payment.— fudge 'Mage, in the If 8 Court, Aug. 5, made an order in the case of the Louisville Trust Co. agaiu-t the rosd directing Receiver Brent Arnold to pay over t > the Louisv He Trust Co. $11,350, to be applied in making one eou poo payment on the mortgage held on the road by the payee. Receiver Arnold haul on hand in cash $! 8,438. Coupons for July. ls»(5, and for January and July. IS67, went 1 1 default. The $1 741 which R-civer Arnold got as purchase tn-irev fora part of the Court Htr et track sold to the Consolidated he was or dr red to pay to Trustee W n. A, Goodman. —V. 64. p. 799.

Columbus Hooking Valley A Toledo Ry —Depoiit* Sub fe e t to Penalty—Maturity o f General Mortgage K* D poxite.d with J. P, Morgan dr Co.—The period lor deposit o' bonds wiihout penal v under the agreement with J, P. Morgan & Co. expires to-day. A* announced July 24 further deposits wilt be subject to such penalties as shall be affixed. It is officially announced that the firm now repre-eDts, besides other bonds, more than a majority of the general mortgage 0?. There is every reason to believe thst practically the entire loan will soon be in their control. Of the $8,900,000 issue of consol, fives thAeograved certificate of the firm for $7,357,000 are listed on the Xew York Stock Exchange.—V. 87, p. 23.7,

Columbus k Hocking Coal a Iron.—Change o f Receiver Di nieti —Judge B dger in the Franklin Con trCwrt. at Coin n bu-, o do, ot August IO, d-»ni*d the motion of the Central Treat Co. trustee undtr the mortgage to discharge the re­ceivership for the purpose of permitting the appointment of a receiver in 'he Federal Court, where foreclosure proceed­ings «r* pee ding. An appeal will be taken from Judge Badger's decision.—V. 04, p. 1041.

ilooKoHd vted T f actios Fftm puiy of Now ,T srsey. -R ou te from New irk to (Janey 14 inti Direct.— The G tissolid tied Tran ton Oompeay has arruajpd to mad passengers from Newark fo M tnba 'tin Beach and ruck for (if v c u r- , 'h-* single trip to take an hour and a ha lf. Th • tr-db*/ cars w ill coanect at P issue w ith a steamer for R ty Rrdgn, and from tb we th" L»ug I ( m 1 Ei I!road will tfT»r| trintnom i n to M 4 Itr 't «n Bsicn and C m»r I-land. Tnree tr ip i d r ily w ill !>•• rt -d it th- -»u! rsf,— V, fit, p. 810.

DfiLtware Lackit vaitui n I fe tlu ra RR •—f>t a r t e r t i/ . —E i rnittgr# o f h ■ d r, f t V f . le i " -1 lines io N.-w Y f t k S - it#f o r tlio qu - rt >r and the siix i M t t 'a ending Juot? 80 b a ts b ’ -Q:® f*m . frmUmm 0m m X *l h V rrm t, m U n m *

ettw tt Inx*', % su r . o r .{- f% m r .«1^76.^38 f i t 0 * 0 1 $ * * * , * & MUf< f i , '^0

. . . . . . . . . .i m*>m&"<—*■

. t .M l. m 3 05 2,163 620,7 49 ftljf. 8JJ,4i614,17 ............... , l.;.7>U >7

J ,547,491 1,24:,497fl-'f. 174.312

1813..................-V . 81, p. 952,

sur. 3:»B,?97

Einin-ttsbarg U R .— Jo Be Sold S pt. 11. —This shore road expending from Emmettsburg to Rocky Rid-gs in M iryland, a distance of 7 310 miles, will be sold under decree of court Sept. 11, 1897.

FHchliarg Railroad.—Quart rly. —E .rningsfor the quarterand the twelve months ending June 80 have been:3 mos. e n d in g Gross Net Interest, B a la n ce ,

J u n e 30— earning*. earning*. tares, etc. sur. or det.1397...................... 31,773,463 $396,138 $396,344 def. $6561.393...................... 1,815,787 456,242 382,157 sur. 74,085

12 m onths—1*93-7........ 7.t55,767 2,175,938 1.542.639 aur. 633,2991895 6 ................. 7,603,764 2,144 443 1,511,721 sur. 632,727-V . 64, f>. 952.

low i Central Ry.— Agreement as to Proxies.—A c 'mpro- nii-e having been eu -cerd bet ween the opp sing factions in the management A. M. Kidder & Co , S rong. S urgis & C i., Ciarke, D >dge & Co., Taintor & H ilt and R. J. Kimball & Go., who in June last advis *d the stockholders not to send their proxies 'or the annual meeting Sept, 3 to Russell Sage, E. C. SI. R»nd and Eiward H Prrkin3, Jr., have sent out another circular requesting signatures to proxies beari ig the names of Russell Sage, E. EL Perkins. Jr., Edward E. Cnase, William E. Strong and H irace J. Morse. Mr. 51 was is a member of the firm of A. M. K ddar & Co. and Mr. Strong of Strong, Sturgis & C-o. It is understood that Mr. Sage will re­tire fr >m active management, but will continue a director of the company.—V. 84, p. 1181.

Kansas City (Mo.) Has Co. —Bonds Sold. —The United Gas Improvement Co. of Philadelphia has sold to J. & W. Selig- rnan & Co. $3.7.3 *.000of first mortgage 5 per cent tweo'v-five year gold bonds. Thomas Dolan, President of the United G is Improvement Company of Philadelphia, which owns the majority of the stock of the Kansas Cry, Miss ruri. G « Co., givis the following information concerning the prop -r'y :

This enmpany L« aeonsnlldatlon nf the Kansas CltvQasOo and the Missouri (« i t r:i" eunitai :1 5.' o '.non. a mnjorl'y nf whlohI* ovrijed by the United l i e Improvement Co. at Philadelphia. The total aiithortx.il Issue of first mortgage 5 (ier cent gold Ponds Is S'.OOO.CSW. The hotel* bear dice April 1. 1397, »nd are due on April 1, 1922. Of thl- st linnet there have been Issued $3,750,009, and the re- m ilnlBg *l,25<i,O0» ran only be tunned at par to th" extent of 9o per cent of the etnal cost of future extensions or betterments or real estate acquired.

The rate charged 'or gas Is one dollar per thousand outdo f et. This price Is regulated by ordinance, and continues during the term of the franchise, and is to the nature of a contract, itw ooropa iy prying to the city 2 per Cent of Its gross receipts. On June 1. 13 *7. the number of active meters In servin' was 19,105, of cooking and It attng appll- anc“« 84.491 and of street lamp* >,647. On lie basis of consumption for the tint' seven month" of ibis year, the nnt namings, after all do- ductions other than Interest on the bonds, forthe year ending April 20, 18"8. being preotlenity the first year of the now eompany. should not b« Jet* th m *400.900. The amount noeessary to meet the Interest on outstanding bonds Is 81 -7..700.

The cost of reproducing the plant of the company na a going concern. Irrespective "f franchise, would to day bo not loss than *4,509,000. The franchise* run for thirty years from 1305, and have, therefore, •hunt 27% year" still to run. Although the city reserve* to Itself the right to iMinhs-e the work* at any time after twelve years from the date of the franchises, the bond* are a continuing obligation of the Kansas City. Missouri, On* Company until maturity.

King* County Elevated Uy — Reorganization and Pro- pomd New .Beeeirer. — A eomtnittee consisting of August Bel­mont, Chairman. Walter G. Oakman and William A R ‘ad h is sent out <-ircularH asking the oo operation of the first mortgage Ih.ndbobl-rti in bringing aoiut forecLisu"o and ra- O'gar ixiiion a*d for the appoiDtni'nt as receiver of Jam -s EL FrothinghHm, Treasurer of the c unpaoy, in place of President Jourdan. i he circular says in substance:

Much hs* bee i re-eeiapllshe I slaoe the tppolntment of th" reoelver In the din e Inn nf the rehabilitation of the property. Thetixesfor tw oyoars have been paid. n»v c mneetloo* hive be n totd«. from which a mater),I towo c of bnslnesa I* a ready being resitted, aud M-gotiai loo - are now pending lookl >g to tho M anlngof the omnpanv's car* aero** the Hr loklyn Bridge and a change of motive power on tha entire system. Until th so neertUtlons are couolnded a d o'her pending arrangement * are perfected, it b>« been d ea n ‘4 nowise to forinuUie any plau of re»rganlsatl'>». Much p'ellmlnary w irk, how­ever, in the direction or the forninUtlou of such a plan h m been done and the plan will be published a* soon as th" eomtnittee appointed to protect lli» Interest* of the holders of the first mortgage deem It wise to do so,

No "ticep*-fnl roorgau!/, 1 (ion I* possible except In connection with the *nle of the mortgaged property under the ftr*t mortgage audit Is necessary for the proteciI e not only of th" holders of the bonds «tv cured thereby, but also the bolder-' of th" other securities of tho rail­way enmpaui, that an action to foreclose tbl* mortgage sh mid be be. nn ns soon :is ;-o**iblc

Owlug to U:e pr< - tiroof other business eng cr -licnrs General Jonr- rt»n find, biniselt nnnbie to eontlnne t-. net ns r-roiyer. Ho recom­mends a* his sure -or Jiiraei H, Frothingham. the T easitrer of the company. We cnusMer It very ,p *|raWe ih it Mr. Froni'tightm should be spi ointed ut ft-. it iv a date ns possible We, ther»Tore. rhflpceifoily nab von to *tgo utid retqM to n> at y.otr early eouveuleoce the In- elosrd power of attort ey —V. US, p. I Di.

Lfiipolp Strpe: R«H «ny. M<-.-ting Any ?o to Art on Reor­ganisation.—The i.pjtlers' tif eertlfleaies of deposit repre- stn fjpg ttr-t rnortK»ff'’ b tide dopo-it *4 ti dor th > ngre in -n t •*f Jun. 85. 1895, will iriee' lit- 8 p. if Thursity, ill .' 28, at toe office r.f t 'p N-'W York S curity & Trust G •, 44 Wall iirr-1, New Y >rk, to take nction on > pf to for r.<Or£ra"izriion, oppr-ved sinr] su’ mi ted te th" CommiUe" of which JloscaL. Moulder t* f ’-hhirruat-.

Reorganization Plan—The plan of r- or p»nlz4$iou provide* for ibc'js-U '. r.f $109,000 first iuortfra-9' 30-year 5 per centovr-ris, $790,.... . pre 'orm l stock 5 per cetit,'cumulative, andI80.3.0' (l common ‘ t - k.

The old ft -1 niortf.'tci- bonds nr< to receive prv-ferr- <1 stock for their face v.'duc anti have the privileg of BubaCfi ing at par for the new bonds with a bonus of SO per cent iu new prt ferred. Old consols get 25 p»r cent in new comm in st 'ck

278 THE CHRONICLE. [VOL. LXV,

and the old preferred gets the same on paving 87 a share. The old common gets 10 per cent in new common on paying |10 a sharp. , . , . . . .

The plan will provide about 8113,000 in cash, which will be used for improvements and reorganization expanses.—V. 83, p. 364.

LonUville & Nashville Terminal Co.—Louisville & Nash­ville KK.— Nashville I'liattanooga & St. Coals RR. —New Terminals and Mortgage Authorized.—An extensive tar ninal property has been a q n ired in the city of Nashville by the Lmiaviile & Nashville Cerminal Co., organized for the pur­pose. The company has leased thn property to the Louisville6 Nashville and the Na-hville Chattanooga & St. Louis for 99 years. The Terminal Co will issue 82.000 000 of its 50-vear 4 tier cent bonds, the proceeds from the sale of which will ha us d for the pavruent and improvement of the property.—V. 65, p. 110; V. 64, p. 330.

Mull-mu Squire Garden.— Notice to Bondholders.—Hold­ers of second mrtgage bonds are r qu-ted by a c immittee consisting of Isidor Wormser, Charles T. Harbeck aci John S. Tilney t ' deposit their bo ids with I & S. Wormser, Mills Bnildioe, New York, with a view to the protectio i of their interns s in the proposed re irgnizitioo. A pavmj nt of oae per cert at time of deposit is required for necessary expenses. —V. 65, p. 195.

Manhattan (Elevated) Ky., N. Y. City.— Quarterly— Earn­ings for the quarter and the twelve months ending Jane 30 have been reported as follows :3 /nos. e n d in g G ross N et O ther In teres t , B a la n ee,

Jw»«30— ea rn in g s , e a rn in g s , in com e, taxes , etc fo r d ies.1897.................. $2,332,748 $976,224 $41,583 $630,“50 $389,9571896 ....................2,321,813 935,898 42,500 616,799 361,599

12 m onths—7 r90-7.............. 9,103,740 3,861,389 180,276 2.707,016 1,331,6191895-6................ 9,256,931 3,725,973 232,520 2,840,397 1,L18,09S

Dividends for the 12 months of 1896-7 (5 d . c.) cad for $1,500,000, against (5% p, c.) $1,650,000 in 1895-6.—V, 64, p. 953.

Metropolitan Street, Ry. — Work Begun on Underground Electric Rond for Fourth Avenue.—In the Bowery work was begun Wednesday for tne underground electric road to Harlem by way of fourth Ave. President Vreelaud hopes to have th° uew service in op 'radon by January. 1898. Part of the lice may be ready before October Meantim * south bound passengers are transferred to the Broadway cable at Ast >r place.—V. 65, p. 112.

Metmpo'itau Traction Company of Chicago.— Mortgage f o r $2.000,000—This Chicago comoany has tiled a mortgage t s secure $2,000,000 of 5 per cert thirty-year gold bonds, the Equitable Trust Company being trustee and the State Trust Company co-trustee. The money secured will be us=d in building and equipping various trolley roads.—V. 65.p. 27.

hew York Chicago & St-Louis H R —Quarterly.—Earnings for the quarter and the Bix months ending June 30 have been reported as follows :3 m on th s e n d in g G ross N et O ther In teres t , B a la n ce ,

J u n e 30. ea rn in g s , ea rn in g s , in com e, taxes , etc. deficit.1897..................... $1,244,253 $246,139 $1,997 $3"5,730 $57,694189 6 ... . .......... 1,311,022 243,900 984 300,400 55,516

6 m on th s—1897..................... 2,555,237 459,215 3,303 611,638 149,1201896 ..................... 2,765,513 442,779 6,674 591,071 141,618- V . 64, p. 888.

New York Ontario * Western Ry.—Quarterly.—Earnings for the quarter ending June 30 have been reported as follows. Figures lor the fiscal year will be found ou a previous page.3 m on th s e n d in g G ross N et O ther

J u n e 30. ea rn in g s , ea rn in g s , in e im e .189? .................. $948,968 $266,909 $20,7221896..................... 968,227 306,621 21,375—V. 64, p. 954.

In teres t, B a la n ce , taxes , the. su rp lu s. $232,209 $55,422

228,713 99,283

Northern Pacific RR.—Appointment o f New President and Vice-President.—The directors at their meeting on Thurs­day accepted the resignation of President Edwin W. Winter, which was tendered several months ago, and appointed Chas. 8. Mellen to be his successor. The office of Vice-President, heretofore vacant, was tilled by the election of Daniel S. La­ment. Both of the new officers will enter on the discharge of their duties Sept. 1.

Mr. Mellen is considered one of the best equipped and most experienced railroad men in the United States. He was born at Lowell, Mass., forty-six years ago, and was eighteen years old when he entered the railroad service as clerk in the cashiei’s office of the Noithern New Hampshire RR, Passing from one road to another and being s'eadtly promoted he be­came in 1881 Auditor of the Boston & Lowell, and afterward Superintendent and General Superintended, In 1888 he was General Purchasing Agent for the Union Pacific system, and afterward its Assistant General Manager and General Traffic Manager. In 1892 he went to the New York & New England Railroad as General Manager, and the same year was chosen to his last position, Second Vice-President of the New York New Haven & Hanford RR Co.

Col. Lamont was Secretary of War under President Cleve- and and is a man of recognized ability.

• Mr. Coster, of the firm of J. P. Morgan & Co., in speaking of the new officers, snid that while the friendly relations which exist with the Great Northern will be continued and strengthened in every way, the Northern Pacific will in the future, as in the past, be run as an absolutely independent property. While the Great Northern and Northern Pacific have some stockholders in common, all parties in interest in

either company recognize that each property mast be allowed to stand on its own merits, and none of them wishes to see any other policy followed.—V. 65, p. 27.

Oswego Street Ry.^-Lake Ontario & Riverside Ry —Re­organization Plan — A committee consisting of Robert Maclay, C. Sidney Shepard and Max B. Rtchardson have pre­pared a plan of reorganization which provides for foreclosure sale of the property and the issuance by a new company of the following securities: Capital stock, $300,0(10, of which $100,000 4 per cant non-cumulative preferred stock; first mortgage thirty-year 5 per cent gold bonds, $100,000; and second mortgage thirty-year 3 per cent gold bond-, $200,000. Holders of the $125,000 old Oswego Sireet Rv. bonds will re­ceive 100 per cent in the new second mortgage bonds, 50 per cent in the new preferred stock, and 25 par c mt in rhe new common. The new Brst m ertgage h >nds will be available for improvements, floating deot, etc,—V. 63, p. 652.

Reading Company.— E x t e n s i o n C o n t r a c t . — One stamped 4s of 1882 were extended tinder the following coairaet : “ By and in consideration of ibis con rac; and coupon sheer, made by the Pulad-dpbia & Reaiiag Rtilwi.v Company and attached to the accotnp toying bond No. —— giv-m nr its predec-ss u-, the Philadelphia & Rjading Railroad Com­pany, dated 28oh of August, 1883, aod th ir acceptance by the holler, the Philadelphia & Reading Rdl-vay Company and The Philadelphia & Reading C iat & Iron Company (which j bned in the mortgage to secure said bond), and the R'ading Company (the owner of the capital stock of the said Railway Comyany and of the Coal & Iron Company), and. tha holder of this bond, agree that the principal of said bond shall not be pay­able, nor shall payment thereof b - required before ihe firs , of March, 1937, unless d fault be made in the oaymmt of the in­terest at the rate of four per cent p°r annum, after presenta­tion of the several prop -r semi-annual coup ms for $30 each, which couoons the said Poiladelohia & Reading Railway Company, the Philadelohia & Reading Coal & Iron C impany • and the Reading Company, j intly and severally, promise to pay on presentauon at tne office of the Rail way Companv ; but on any such default said principal, at ihe op ion of the holder, wili thereupon forthwith become and be due and payable.

“ This extension a1- ihe reduced rats of interest is made and accepted upon condiiion that payment of the principal and interest of such bond, as extended, shall he made io United States gold coin of the present standard weight nd fineness, without deduction of any taxes imposed by the Uaite I States or the State of Pennsylvania, which the c ompany may law­fully be required to retain therefrom ; and, for the further se­curity of the holder hereop. the Philadelphia & Reading Coal & Iron Company and the Reading Company, jointly and sev­erally covenant that such payment of princioal shall be made upon March 1, 1937. The security of said bond remains un­impaired, and no part of this contract shall be coistrued to effect its priority or validity, or the rights and powers of the trustee.

“ In witness whereof, the said companies have caused their respective corporate seals to be hereunto affixed, duly attested the first day of March, 1897.”—V. 65, p. 152.

Rio Grande Western Railway.—Preferred Stock fo rS250,000 Listed.—The preferred stock to the amount of $250,- 000 recently distributed as dividend on thp preferred shares has been listed on the New York Stock Exchange, making the amount lipted to date $6,500,000. The results for the late fiscal year (June estimated) are stated as follows ;Tea r . G ross. N et. In teres t . T a xes, etc. B a l., su r .1896-97 ............$2,469,276 $864,267 $608,000 $124,838 $131,429

Surplus June 30, 1893, $86,153 ; addi'ions since (June, 1897, estimated), $337,449 ; total, $433,602.—V. 65. p. 70.

Sacramento Eleetrio Has& Railway —Coupons Unpaid.— Coupons due June 1 on the Central Electric Railway bonds were not paid at maturity, the company being uaable at that time to sell the bonds necessary to recoup itself for various extraordinary expenditures. It is bel'eved, however, the payment will be made before Dec. 1 In expectation of this N. W. Harris & C '. are cashing the coupons on presentation at their office, No. 31 Nassau St,, New York.—V. 63, p. 190.

Spreckels Sagar C9.—New Company.—Tats cimpaay has filed articles of incorpora io i in California proooung to pro­duce beets and manufacture sugar ta-rHfo m and, incident­ally, to engare in agrioultur*, budi, equip and manage fac­tories and refineries, deal in real e tice, ems ruot railroads, huild shins and do alt otb-r things necessary > the successfu1 development of thesugar-makiug business Tm c p: al stock is $5,000 000, J. D Sprockets A B. Spreokels. A F. Morrison,M. II. Weed and W , D, K. Gibson each subscribing $L.000,000.

Union Pacific Ry. — First Instalment o f Assessment on Stock Must Be Paid by Aug 26.— "he for-e1 isur- sale having been ordered by decrees of the United States circud courts in all the Stat-s through which the road runs, the Reorgan­ization Committee has called u on hfilers of certificates issued for shares deposited uud r i s olauof reorganization to pay on or before Thursday, Aug. 25th, 1897, th - first in­stalment of 5 per cent of the nominal or par value of such certificates, being one-third of the contribution to be made by said holders. Payment in New York must be made to the Mercantile Trust Company, 121) Broadway, and must be ac­companied by presentation of the certificates of deposit for endorsement of such pavment.—V. 65. p 236. TS^TnSrTniieFTnvegtmenrTtomsdioe- paaoliSii) “ ‘

.August u , 1897,] THE CHRONICLE. 279

R e p o r t s a w t l d o c u m e n t s .

CHICAGO & NORTH WESTERN RAILWAY COMPANY.

ANNUAL REPORT FOR THE THIRTY-EIGHTH FISCAL YEAR ENDING M AY 81st, 1887.

The following report of the operations of the Chicago & North Western Railway Company for its thirty-eighth fiscal year ending May 31st, 1897, is respectfully submitted :

A vera ge TlUeasre O perated , 3 ,0 3 0 '7 8 Title*.SUMMARY OF THE YEAR'S BUSINESS.

Gross earning*........................................................... ..............$30,977,243 48All charges.............................................................................. 26.623,412 64Net earnlnss from trailics

Income from ihveatnienta-----........ #4,353,830 84........ : 136,790 00

Total net Income........................ ................................... #4,690,020 84Dividend* on Preferred and Comiunu Stock.................... 3.518,630 00

Surplus............................................................................. $1,171,970 84Transactions in detail:

GROSS EARNINGS.From Passenger*....................................# 6,663,578 31

•• Freight..................................... . 22,236.612 19" JBxpro**, Mali and Miscellaneous. 1,777.052 98

- #30,977,243 43OPERATING EXPENSES AND CHARGES.

Operat'sr Expense* <60 01-100 i»jroenti.#l*,877,08i> IS Taxes(343 lot) per ce n t),..,.................. 1,061,731 91

19.933,821 06Net E arnlnc'................................................................ $11,038,422 42

Deotjor—Interest on bond*...................................... #7,115,700 95

l .' t t O m lii* .F o r m -a t tat. k Exchange $ 61.521 37

•• divid'd* oil Omaha *Uck. 5*53,000 00---------_ 627.521 87

Net Is tercet ebarsc*.............Sinking Fund*..................................

#0,483,170 OS 490,412 50

------------------- 0,661.59158Net result# from trafllu . . .Add Income from Inresfanent*.

................ 14.35.1.330 34

...................... 386,790 00Total net Income for the year........ .......................... #4,690,620 84

DfviOksn*—7 , ou Preferred Stock................. ............ ...#1,564.1*55a% m Common Stork.......... ................... 1,053,695

— ------------- 3,51 8,650 00Sarpln* lor the year............................................. #1.171,0,*0 34

COMPARATIVE STATEMENT, m e a t Tran Ksioso mat 31m , 1897. coMrakBO wm t 1396.

for U97. far 1806.Ammgtmllrt, I rerage miut,

5.030 73. 5,030*76.Pa*#enKer Kanjfotpb- A>;.i»«3,.vrn 31 *7,403,827 15 height EarntBR*.,:. . . . 22,236,612 19 24,354.621 96 Express, Mail and

MiwwUaneutoa E»ni-ln«»............................. 1,777,052 08 1.725,31199

laerm tt orl>rrr< -r*r.

Cl. #445.358 Si I).2.118,006 77

1,51,740 99

Seermux’ . *2,.M 1,517 63

Decrease.. #1,496,313 33

Decrease.. #13,830 93

Totals,...............,*30,977,243 4-3 #33,138.761 10 1>.«2.5U,517 62( f r o u E a rn in g *.—

1397..................................#30,977,243 4*1S#6................................ 33.488,761 10Operating i l t e m e . -1807........................... *18,877.089 151896.......... ...... . ... 20,373,tOl 48fait*.1897. .............................. *1,061.731 911896 . :,075,56# #9

I n ’ e r t m o n R a n d * . ' »» O r e d t i * , —1397 ............................. #6.483,179 081890................................ 6.703,620 45

Sighing Eunrt*,—1897 ................................. #166.412 »01896 ................................ 220,900 00

Income from Investment*.—1897. .............................. #336,790 001896 ......... ............... - 257,903 00Total Set Ineome.—1»H ......................... *4*90,880 84I860........................ 5,368,082 28

Decrease..

Decrease..

Increase .

#220,447 37

#24,577 50

$73,381 00

#077.401 44Decrease .MILES OF RAILROAD OPERATED.

The miles of railroad operated were the same a- at the close ol the fiscal year ending May 31st. 1898—5,030-78 miles —as follows:Chicago A North Western Railway ..................... ....... 3.732-29 miles.

Pkomuktabt L item Owned.Winona 4. St. Peter Railway .......................... 448- laDakota Centra! Railway- .............................. 723 !)::Princeton A Western Railway ..................... i<i-00 1.138-47 "

LB4»Ki< Roto.8t Patti Eastern Grand Trtink Rallwut taken with

th.. M, L. S. A- W. Railw ay ...................................... 60-02 miles.Total miles contatahd In the system........................ 5,030-78

Thr .amount of track laid with steel on May 31st, 1897. was 4,748-07 mil**, equal to 91 4-10 per cent of the total mileage,

Besides the above the Company has 442 82-100 miles of second main track constructed and in operation on various important parts of its several lines, all of which is laid with steel rails.

CAPITAL STOCK.Capital stock was increased §38,000 during the year ; this

increase being §14,000 of preferred stock and §14,000 of com­mon stock issued for the conversion of §38,00) of first mort­gage 7 per cent bonds of the Peninsula RR, of Michigan.

Totals of Capital Stock.Preferred stock and scrip outstanding

May 31st, 1897................................... ...$22,363,660 00Preferred stock and scrip ownel by the

Company May 31st, 1897...................... 3,794 56$22,367,454 56

Common stock and scrip outstandingMay 31st. 1897................................... .*39,083,257 92

Common stock and scrip owned by the Company May 31st. 1897..................... 2,333,603 05

#41,416,865 97Total capital stock May 31st, 1397................................*63,784,320 53Total capital stock May 3Ut, 1896................................ 63.756,320 53Increa-e............................................................................ $28,000 00

FUNDED DEBT.The net changes in funded debt amounted to a reduction of

$141,000, as follows:BONUS RETIRED ASH CANCELED.

Peninsula RU Mlchta-ait First Mortgage Bonds............... $28,000 00Chicago .v North Western R'y 6 per cent Sinking Fond

Bonds of 1879................................. .......................... 1........... 63,000 00Obit MM ii North Western R'y 5 per cent Sinking Fund

Bonds of 1879........ ................... .............................. ........... 78,000 00Total bonds canceled............. ..........................................$169,000 00

BONUS ISSttKI.,Chicago A North Western R'y Oo. Consolidated Sinking

Fund Currency Bonds of 1015, i,sited under the mort­gage in -ubstlt ition of other bonds canceled.................... 28,000 00Net decrease In fouled debt.......................... .......................$141,000 00The total of funded debt os shown in the table of funded

debt, inclusive of bonds on band and live bonds in sinking funds, was. on May 31st, 1)897, $181.3.87,500, and the same oh Mav 31st, 1.8'jti, was $131,520,500. Decrease for the year, $141,000.

PASSENGER EARNINGS.Compared with the v.-ar ending May Hist. 1800, there was

a decrease in vrro-s earnings from passenger# of §445,348 84, equal to 6 0 1 !iid per e,»nt. The total revenue from this source amounted to §6,063.578 81 and contributed 23 48-100 per rent to t he entire gross earnings of the year derived from :i11 traffic: the decline in passenger earning# was oc­casioned by a d. crease of §104,401 70, or 7 81-100 per cent, in revenue from first -class passengers: $i.8«4 84, or 15 73-100 per cent, from w'oondosla**; $82,788 34, or 5 39-100 per cent, from commntat ion: §7 r,i :ts. or 2 11-10® per cent, from parlor cars, and an increase of $27,600 28, or 2 65-100 per cent, from round trip and excursion passenger*.

the aggregate number of passengers of all classes carried was 13,821.065, against the number of 15,241,010 carried in the preceding year, being a decrease of 1,420.845 passengers or 9 32-100 per dent; there was a decrease of 587,928 in iirst- ola*s passengers, or 10 01-100 per cent; a decrease in second- class of 1,007 passengers, or 20 62-100 per cent; a decrease in commutation pas- ngers of s34,Ml9, or 10 52-100 per cent, and an increa- of 3.129 in round trip and excursion passengers, or 22-100 re r cent.

The total passenger movement one mile amounted to 341,- 108,884 against 38i.600.170 in preceding year, a decrease of 80,491,787, equal to 5 67-100 per cent, and the average rate received per pa-ssenger per mile was 2 04-100 cents, against 2 05-100 cents in previous year, being a decrease of 01-100 of a cent per puss .tiger per mile, or 49-100 of one per cent. The decrease in revenue to the company caused by this small fraction of rate amounted to $25,393 13 for the year.

The average number of miles traveled by each passenger was 31 68-100. a cmiparati ve increase of 96-100 of one mile, or 4 04-100 per cent: the average number of passengers carried in each train per mile run was 34 37-100; the average num­ber carried in each car per mite run was 10 70-100,a decrease Of 90-100 or 7 76-100 per cent, and the average rate at which each passenger was carried was 50 cents against 49 cents in preceding year, a small increase of 2 4-100 per cent.

FREIGHT EARNINGS.The earnings from freight were 823,336,812 19, and for the

preceding year thev were $24,354,821 96. showing a compara­tive loss of $2,118,009 77, equal to 8 70-100 per cent.

The whole number of tons of freight carried was 15,235,- 138, beirig a decrease of 1,857, 51 tons or 10 87-100 per cent, inclusive of construction material, which amounted to 247.- 337 toils: the total movement amounted to 2,254,027,285 tons carried one mile, being a decrease from the preceding year of 118,438,198 tons, equal to 4 90-100 per cent. The average rate received per ton carried was $1 48, against $1 43 in pre­ceding year, an increase of 3 cents, or 2 10-10 > per cent, and the average rate received per ton per mile was 99-100 of a cent, being a decrease of 4-100 of one cent or 3 R-*-100 per cent anil the average distance that each ton was carried was i IS 5-1(10 miles as against 138 38-100 miles, an increase of 9 17 100 miles, or 6 80-100 per cent. The decrease in the rate received per ton per mile on the gross tonnage carried is equivalent to a loss in gross earnings of $903,153 92 for the year.

280 THE CHRONICLE, fVoL, LXY.

The number of miles run by freight trains was 14,871,28(1, a decrease of 1,988,007 miles or 11 53-100 per cent, and the average miles run by each train was 71 91-100, a decrease of 3 35-100 miles or 4 i 5-109 per oent; the average number ot tons carried per train per mile run was 151 57-100, an increase of 7 40-100 per cent, and the average number ot tons carriea per loaded car per mile mn was 10 30-100, against 10 40-100 in the preceding year.

LOCOMOTIVE SERVICE.The number of locomotive engines employed in the ser­

vice during the year was 1.010.The work done shows a total of 83.091,,>22 miles run by

locomotives, against 34,307,596 in the preceding year, a de­crease of 1,216,074 miles, or 8 54-100 per cent; this decrease was made wholly in the freight service, there being a corn- parative decrease of 1,238,085 miles, or 7 37-100 per cent, in freight mileage, and 527,880 miles, or 7 >3-100 per cent, in switching mileage. In passenger service there was an in­crease of mileage amounting to 292,529 miles, or 3 1-100 per cent, and there was an increase also ol' 257,362 miles, or 32 95-100 per cent iu the run of working trains and gravel train mileage, the latter increase being largely on account of work in the construction of second track.

The total expenditure incurred for the entire service was $5,297,780 64, of which sum $2,415,735 98 was paid for wages of enginemen. liremen and wipers, etc.; the amount for fuel was $1,913,840 46; for lubricants, etc., $66,508 18, and the amount for repairs and supplies to locomotives was $901,- 698 02. Compared with the preceding year there was a de­crease of 116.431 10. or 4 60-100 per cent, in the amount paid for labor; $164,467 13. or 7 91-100 per cent, in the cost of fuel: $14,237 80, or 17 63-100 per cent, in the amount paid for lubricants, etc., and $524,076 67, or 36 70-100 per cent, in the amount paid for repairs and supplies.

The average cost per mile run by locomotives in all service was as follows: For wages of enginemen, tiremen, wipers, etc.. 7 30-100 cents; for fuel, 5 78-100 cents; for lubricants, etc., 20-l( 0 of a cent, and for repairs and supplies, 2 73-100 cents, making a combined total cost of 16 01-100 cents per mile run, against 17 83-100 cents in the preceding year, a reduction of 1 82-100 cents, or 10 21-100 per cent.

The average cost per mile run by locomotives in all service was as follows: For wages of enginemen, firemen, wipers, etc., 7 30-100 cents; for fuel, 5 78-100 cents; for lubricants, etc., 20-100 of a cent, and for repairs and supplies, 2 73-100 cents, making a combined total cost of 16 1-100 cents per mile run, against 17 83-100 cents in the preceding year, a re­duction of 1 82-100 cents, or 10 21-100 per cent.

The quantity of fuel consumed by locomotives consisted of 1,268,718 tons of coal, the same being 58,250 tons, or 4 39-100 per oent, less than was consumed in the previous year, and the quantity of wood was 11,(44 cords, a decrease of 4,510 cords, or 29 per cent; the average cost per ton of coal was $1 49, against $1 54 in the previous year, a reduction of 5 cents per ton, or 3 24-100 per cent, and the average cost of wood was $2 17 per cord, a reduction of 11 cents per cord, or 4 82-100 per cent.

The engine performance shows the average of 25 86-100 miles run to one ton of coal or cord of wood; 19 44 100 miles to one pint of oil and 177 24-100 miles to a pound of waste, as against 25 56-100 miles, 17 95-100 miles and 183 59-100 miles performed with like supplies in the preceding year.

only changes being one officers’ car rebuilt as a combinatio11 car and two refrigerator cars rebuilt as box cars.

In addition to ordinary repairs and maintenance of mo­tive power in the locomotive department there were 429 en­gines taken up in the Company’s shops, partly rebuilt and put in good condition for continued service: 110 of these were repaired at an expenditure exceeding $1,800 each and 319 at a cost between $800 and $1,800 each. The net amount paid for this work was $869,922 06, divided into the sums of $301,070 57 expended for materials and §568,851 49 for labor.

Important renewals and improvements were made in the oar equipment during the year by the substitution of a large number of new freight cars of various classes and increased capacity, in replacement of a like number of old cars dis­used, retired or destroyed. By these changes 1,180 new freight cars, consisting of 1,000 box cars, 167 stock cars and 13 refrigerator cars were supplied to the freight equipment at a cost of $596,150 43 and charged to operating expenses; the sum of $145,877 64 was also charged for the application to freight equipment of air brakes and automatic couplers during the year.

For general car repairs made at the Company’s shops and for fitting up of passenger cars with appliances for heating and lighting, the net sum of $328,023 88 was expended; for gen­eral repairs of freight cars the net sum of $581,374 42, and for repairs of work cars the net sum of $36,261 37—making the total net ciiarge to operating expenses for new cars, for replacements and for general repairs and improvement of car equipment $1,687,087 74.

On the 81st of May, 1897, there were equipped with au­tomatic couplers 26,917 freight cars, or 76 per cent of the freight equipment, and with air brakes 21,876 freight cars, or 62 per cent of the total number of cars in freight service.

GENERAL REMARKS.A summary of the general results of the year shows a de­

crease in gross earnings derived from traffic of $2,511,517 62, compared with the earnings of the previous year; passenger earnings fell off $445,248 84, and freight earnings decreased $2,118,009 77, with an increase in earnings from mail, ex­press and miscellaneous of $51,740 99. The shrinkage in passenger business was, for the most part, due to the de­cline in first-class travel, and evidenced the dulness and hesitation of business consequent upon the uncertainties of financial and political affairs which characterized the agi­tation of the Presidential election during the greater part of the fiscal year.

These effects were more disastrously felt in reduction of freight earnings. The tonnage movement fell off 1,857,251 tons, or 10 87-100 per cent, and the reduction in rates was equal to a loss of $903,153 9a on the reduced traffic of the year. The principal decline in tonnage was in the trans­portation of iron ore and other ores, which fell off 1,792.526 tons, leaving the total comparative loss in tonnage of other articles which made up the year’s movement at t>4,725 tons; there was a decline in lumber of 191,221 tons; in wheat and flour 5,404 tons, in oats 24,931 tons, in barley 50,420 tons, and an increase in corn and rye of 237,000 tons; the balance of the tonnage was made up of miscellaneous articles as com­pared with the same articles transported in the preceding year, the decrease in the movement of which amounted to 29,749 tons.

CLASSIFICATION OF OPERATING EXPENSES.REPAIRS AND RENEWALS OF ROADWAY AND TRACK.

The roadway and track were fully maintained, with an improved general condition at the close of the year. A larger sum was expended for renewals and repairs than during the preceding year. The gross outlay was $3,383,- 085 81, against which there was a bene'it of credits for value of old rails taken up of $304,248 22, and for old track mate­rials $52,678 38, leaving the net expenditure at §3,026,- 159 21—the corresponding expenditure in the preceding year being $2,732,394 44. The quantity of rails laid down was *29,550 tons, of which 29,428 tons were steel and 122 tons iron rails, and the number ol’ cross-ties laid in the track was 1,511,942, showing an increase of 4,010 tons of rails and 227,287 cross-ties laid during the year.

The net cost was, of rails, $447,225 06; of crossties, $508,- 684 14, and the expense for track materials, including angle bars, bolts, spikes, plates, fastenings, switches, frogs, tools, etc.. $214,471 78, making the total net cost of materials used $1,170,380 98, equal to 38% per cent of the whole, and the amount paid for wages was $1,855,775 28, equal to 01% per cent.

Other considerable amounts were expended in mainten­ance of roadway; repairs of bridges and culverts required the sum of $484,591 75, and the cost of fencing, crossing signs, cattle guards, gates, etc., amounted to $151,382 87, to­gether making the total sum of $635,974 02 expended for these purposes, including $324,927 70 as the cost of mate­rials and $311,046 92 paid for labor.

The whole net expenditure for the year for renewals and repairs of track and roadway, as above shown, was $3,662 - 133 83, of which $1,495,308 68 was paid for materials and $2,166,825 15 disbursed for labor.

EQUIPMENT.The schedule of equipment in the table accompanying

this report shows the same number of locomotives and cart on May 81st, 1897, as was shown in the corresponding sched­ule on May 31st. 1896, as follows: Number of locomotives, 1,010, and number of cars of all descriptions, 35,911, the

Maint. ot Way and Structures

Maint. of Equ’mt Conduct’gTrans. Gen’l Expenses.

1896-7.

$4,143,017 39 3,033,187 90

11,001,471 22 699,412 64

1895-6.

$4,014,143 89 4,104,968 90

11,596,954 10 657,335 59

In c . o r D ec .

Ino, *128,873 50 Dec.1,071,781 00

Dee.595,482 88 Inc.42,077 05

Totals............$18,877,089 15 $20,373,402 48 Dec.$l,496,313 33The comparative results per mile of road were as follows:

1897. 1896. D ec .Gross earnings.....................................$6,157 54 $6.656 77 $499 23Operating expenses and taxes......... 3,963 37 4,263 55 300 18

Net earnings...................................$2,194 17 $2,393 2i $199 05

Operating expenses were 60 94-100 per cent of gross earn­ings, and including taxes were 64 37-100 per cent; the cor­responding percentages in the previous year were 60 84-100 per cent and 64 5-100 per cent respectively.

The transactions of the land department for the year en d- ing May 31st, 1897,,are shown in the accompanying report of the Land Commissioner. The quantity of land sold from the different grants amounted to 12,237 17-100 acres and 337 lots, and the consideration received was $141,215 23, payable in the usual manner of cash on contract purchase and in time installments. The number of acres sold was. from the Minnesota Grant, 5.611 24-100, at an average of $10 95 per acre; from the Michigan Grant, 5,147 92-100 acres, at an average of $4 30 per acre; from the Wisconsin Grant. 1,107 26-100 acres, at an average of $5 55 per acre, and from the Ashland Division. 370 75-100 acres, at an average of $2 88 per acre.

The total gross receipts from sales and from advance and deferred payments, interest, trespass and stumpage was $383,017 53, exclusive of sundry miscellaneous lands sold, not required by the Company, amounting to $13,872 31, the proceeds from which were credited to construction account.

The net land income, not including miscellaneous land re­ceipts, was $295,608 11 credited Land Income Account.

The total acreage held under the several grants on May 31st, 1897, was 876,168 87-100 acres, of which 132,212 80-100.

August 14, I8fl7.j fHE CHRONK’Lfc'. 2 8 1

acres were under contracts of sale and 693,926 7-100 acres were unsold lands.

Construction charges for the year include the cost of per­manent works of improvement of exceptional importance to the future operations of the railway in respect to their ben­eficial eS i it upon the e frriency and safety of the property and the enlargement of its earning facilities.

The first of these improvements was the construction of a section of 36 46-161) miles of second main track oa the Madi­son Division in Wisconsin. over the heavy divides and coun­try between the Wisconsin and Bamboo rivers, where traffic was crowded during the busy season in the movement of numerous trains working over heavy grades and curvature on single truck, and delays were frequent and perplexing; the construct ton of the new track afforded opportunity which was availed of to rectify the alignment of the origi­nal track, reduce its grades, eliminate a number of bridges and change or lions of the old location to conform to the better location an 1 grade of the new track. The work was begun in February, 1896, ami was prosecuted with entire success without interruption of the regular business of the line, and was complete I and opened to traffic in December of the same year. ‘ I ho amount expended upon this work during the year was $662,030 71.

Another work of nnjiort&ne* contributing to the facilities and economy of operation was the completion of the second main track' and changes in line from Watkins to Lu- z.-rne in Iowa, a distance of 10 35 100 miles, and the sum ex­pended on account of this work was 8161.029 36.

The expensive and progressive work of re-arranging and elevating the? Company's main tracks in the City of Chicago upon tie? Milwaukee and Catena divisions was vigorously prosecuted, and a targe amount of material and labor were used and employed ut this heavy re-construction of roadway and track during the year, and the sum expended in carry­ing forward hue* work was $330,383 68.

Additional real estate was ac paired for depot grounds, right of way and depot facilities at various points and local ties, anil the amount expended therefor was $110,- m 33.

Tin- miles of new railroad laid as side tracks on the various divisions of the road during the year were 31 76-100 at a cost of $150,194 77. For sundry items of miscellaneous construc­tion, including a large addition to the dock freight him.. ■ in Milwaukee, a hew passenger station at Carroll and balance of cost of a commodious joint passenger station at Cedar Rapids, Iowa, and various other station buildings and im­provements. shop machinery and tools, docks and wharves, permanent bridges, block signals, interlocking switches, etc., the net sum of #314. list 27 was expended.

The total amount expended for construction during the year was $1,772.25- 49.

The usual accounts, tables and statistics relating to thebusiness of the year nnd the condition of the affairs of t he Company on May Slut. 1897, will be found in the avcom- uanjring pagan tpamphlet report}. together with the ft j«rt of the Land ommissioner and the Report of the FremontElkhom St Missouri Valley Railroad Company.

MARVIN HUOHITT,P re* id e> * t .

Office of theC htcacki & North W estern R a il w a y Co m p a n y ,

July 81st, 1807.

WEST CHICAGO STREET RAILROAD CO.

APPLICATION TO LIST SECURITIES ON NEW YORK STOCK EXCHANGE.

New Y ork, June 20, 1807.Application is hereby made by the West Chicago Street

Railroad Company an organization duly chartered under the laws of the State of Illinois July Hi, 1887,) fur the listing of #43,189,000 stock of the par value of #100 per share, which is the total Issue out of #20,000.000 authorized.

Application is also made for the listing of #3,969.000 out­standing First Mortgage Five per Cent Bonds of the de­nomination of #1,000 each issued by this company. Said bonds bear date of May 1, 1888, and are due Say I, 1928, Interest payable May I and November 1. I he Illinois Trust & Savings Hank of Chicago is the Trustee. Total author­ized issue #4.190,000, of which amount #131,000 has been canceled, leaving amount now outstanding #3.069.000. included in Nos, t to 4,100. Numbers of canceled bonds art' on file in office of Secretary of New York Stock Ex­change.

Application is also made for the listing of $6,031,000 Con Miniated Mortgage Five Per Cent Gold Bonds, Nos. 8,970 to19,000 inclusive. Said bonds bear date of November 1, 1690, and are due November J, 1036. and are payable in gold at the office of the company in New York or Chicago, interest payable May ! and November 1, The Central Trust Corn- Company of New York and George Sherman, both of the City of New York, are Trustees. The issue is limited to #12.500,006.

This company was incorporated under the laws of the State of Illinois July 10. 1887, The first act of the company

was to secure control of a majority of the stock of the Chi­cago West Division Railway Company, amounting to 6,351 shares of §100 each. This stock was purchased at the rate, of §813 per share. The property of the Chicago West Divi- sio i Railway Company was then leased to the West Chicago Street Railroad Company. Aftewards a mortgage was made—a copy of which we herewith submit—mortgaging all the property of the West Chicago Street Railway Company then owned or which might be acquired in the future. With the mortgage was deposited with the Illinois Trust Company the 6,251 shares of Chicago West Division Railway stock, to be held by the Trust Company as trustee for the bondholders. A contract was then made between the West Chicago Street Railway Company and the United States Construction Company, by which it was provided that cer­tain tracks belonging to the Chicago West Division Railway Company should be cabled, that land should be purchased, power houses built thereon and equipped with machinery, that car* should be purchased, and, in fact, the whole para­phernalia of equipping a cable road should be supplied by the Construction onipany. For this property the Construc­tion Company was to receive §10,000,000 of stock of the new company." After the work was completed and the road in operation, the new company started with a capital stock of #10,000,000 and a first mortgage bonded indebtedness of §4,100,000.

Following the leasing by the new company of the old company'-, property, a lea** was made between the new company and the Chicago Passenger Railway Company, by the terms of whioh the new company took’ control of the property of the latter company. At the time of making the lease the in*w company controlled 7,300 share* of the stock of the Chicago Passenger Railway- Company, out of a total capitalization of 19,000 share*. Since t he organization of the new company, there has been laid and equipped 76*59 mile* of track. 1 refer you more particularly to a state­ment, filed with your committee, showing the amount of real estate, power houses and plants of the company, giving the figures therein in detail. As you will notice by yie term* of the lease, the new company is to be reimbursed for all expenditure* made on the Uses of the leased companies at the time of the expiration of the lenses.

I furnish you with a copy of tin* leases to each of the lines, in- in substance as follows:

The lea,so of the West Division Railway Company to the West Chicago Street Railway Company is tidied October 20, 1887. and i* for nine hundred and ninety-nine years, and provides a* follows: That the leasee shall take possession of the property of the West Division and operate the same for the above-mentioned term o f years. That tit the end of that time the lessee is requited to return the property in as good condition a* at the time of tin* lease being made. The per­sonal property of the company is appraised and the amount

the appraisement must lie paid in place of.thfc delivery of the rolling stock and other matters making up the personal property. The less-e has the right to sell any of the property of the lessor which is not useful in the operat ion of the road, and to invest the proceeds thereof in other property for the benefit of the lessor. The i,•.<*,•« is required to pay as rental a sum equal to 33 per cent per annum on the capital stock of the lessor company, said stock amounting to §1,250,000, this interest to be paid quarterly. The lessee is also required to pay the interest on § 1,040,01M) bonds of the lessor company. At the time this lease, was made this amount was represented by 6 p«*r cent certificates of indebtedness. Since that hese certificate* have been funded into a 1}» per cunt loan. There was also a note of #87,506 which had been issued by the lessor company which the lessee company was required to pay. With the property of the lessor came 7,300 shares of the stock of the Chicago Passenger Railway Company which it is agreed shall not be disposed of or mortgaged by the lessee. Said company has the control of this 7,800 shares of stock.

The lease between the Chicago Passenger Railway Com­pany and the West Chicago Street Railroad Company is sub­stantially as follows:

An agreement was made on the 16th day of November, t#88, which never went into effect but was supplanted by an agreement made tie* I5th day of March, 1889, whioh is as follows * The term of the agreement was fifteen years; this wa* extended two months ago for fifty years. It was pro­vided that, the lessee should equip the several lines of the lessor company, using the present equipment or its proceeds, or both. a» far"as might be deemed expedient; also should construct a cable system on certain of the lines of the lessor company. The lessor company was to issue bonds bearing interest at a rate not to exceed’ 6 per cent, to pay off any in­debtedness which might have accrued, and which was a floating debt then standing against the lessor company, and also for improvement* and extensions which might be made by the lessor company. The lessee company was to take charge of the running of the cars over the tracks of the lessor company, pay all the expenses thereof and take the receipts. All of the personal property, conisting of rolling stock, horse*, wagons, vehicles, harness and all appurten­ances, should be taken possession of by the lessee, the same to he appraised and accounted for in accordance with such appraisement when the lease should expire.

It was also provided that the lessee should pay the interest on the funded debt of the lessor company, said funded debt amounting to #1,000,000, and also five per cent on the capi­tal stock of the lessor, said stock amounting to $1,000,000.

282 THE CHRONICLE. [Vol. LXV.

At a meeting of the stockholders of the Chicago Passenger Railway Company, held March 3, 1896, a resolution was passed increasing the capital to $2,000,000,being an increase of $1,000,000. Of this amount $116,300 of stock has been issued. Under said resolution the proceeds of the sale of said stock is to be used for improvement and extensions made upon the lines and property of the Chicago Passenger Railway Company. On the 8th of April following, at a meeting of the directors of the West Chicago Street Railroad Company held that day, the action of the stockholders of the Chicago Passenger Railway Company, increasing their capital stock, was approved, and it was agreed that the West Chicago Street Railroad Com­pany would pay the interest on the increased capital of that company. The action of the board was confirmed at a meeting of the stockholders of the West Chicago Street Railroad Company.

The stock and bonds outstanding of the leased lines are as follows:Chicago West Division Railway Company, capital stock ...$1,250,000 Chicago West Division Railway Company first mortgage

bonds, 4 ‘a per cent duo July 1, 1932...................................... 4,070,000Chicago Passenger Railway Company, capital Block............ 1,116,300Chicago Passenger Railway Company, first mortgage bonds

6 per cent, due August 1,1903................................................. 400,000Chicago Passenger Railway Company, con. mortgage bonds,

6 per cent, due June 1, 1920...................................................... 600,000In regard to sinking fund—there is no sinking fund,

except relating to the first mortgage of the West Chicago Street Railroad Company. For the bonds of this mortgage retired an equal amount of consolidated bonds can be issued.

In regard to the privilege of the company to increase the amount of consolidated mortgage bonds to be issued, these bonds will be certified to by the Central Trust Company, and issued only after an expenditure has been made by the railroad company for improvements, and then only to the amount of 75 per cent of said expenditures.

The amount of debenture bonds still outstanding, and which cannot be called until the year 1900, is $767,000. There is at this date in the Central Trust Company, for the payment of these bonds, about $250,000. The bonds are not due until 1914, but may be paid at the option of the company any time after 1899. They are 5-20 bonds.

I also hand you a certificate of the Illinois Trust Company, stating that they hold the 6,251 shares of stock of the Chicago West Division Railway Company, as trustees for the first mortgage bonds of the West Chicago Street Railroad Company.

The property of the company is located in the city of Chicago, county of Cook, State of Illinois, and consists of 201 miles of single track, owned and leased, laid with steel rails weighing 85 and 90 pounds. The gauge of the track is 4 feet 8li inches. Of the trackage 166-78 miles of single track are operated by electricity, 30-42 miles of single track by cable and 5-50 miles of single track by horse power.

The route of the company, as per map. covers the territory west of the Chicago River, with entrance on all of the lead­ing thoroughfares to the business district of the city. It also covers all of the available bridges connecting the west and south divisions of the city. A. full description has been filed with the Stock List Committee.

The equipment consists of 2,000 cars, about 300 horses, 83 miles of double track of electrical construction, and the fol­lowing power houses: Cable power house Washington and Jeffelson Streets, 2,400 horse power; cable power house Van Buren and Jefferson streets, 3,000 horse power; cable power house Blue Island Avenue and Twelfth Street, 1,500 horse power; cable power house Milwaukee Avenue and Cleaver Street, 1,500 horsepower; cable power house Madison and Rockwell streets, 1,500 horse power; cable power house DesplainesStreet,between Washington and Randolph streets,1.000 horse power; electric power house Western Avenue and Washington Boulevard, 9,000 horse power.

ANNUAL REPORT YEAR ENDING DECEMBER 31, 1896.Gross earnings..........................................................................$4,018,948 45Operating expenses................................................................. 2,138,378 55

Net earnings...............................................................................$1,880,569 90Fixed charges..................................................................................$1,016,114 18Applicable to dividends (6-55 per cent)................................... 864,455 72Dividends paid............................................................................... 791,340 00

Balance carried to income account. $73,115 72Comparative Statement of the Receipts and Expenses of the

West Chicago Street Raii.road Company Five Months of 1896 anii 1897 Ending May 31.

R e c t ip ts ~Passengers..............Advertising............Rents.......................United States mail Chartered cars___

1896.$1,627,931 36

10,000 00 13,71116

1897.$1,485,767 42

10,000 00 13,878 82

1,580 60 6 00

Total........................................................ $1,651,642 52O p era tin g E x p en ses— 1896.

Conducting transportation........................ $551,517 20Maintenance of way............................ 52,442 73Motivepower— .................................... 233,371 20Maintenance of cars................................... 74,-146 27Maintenance of property................. . 5,115 98Miscellaneous expenses___.................. 90,310 64Aocldents............................... 57,824 08

$1,511,232 84 1897.

$417,989 79 66,062 99

165,664 94 92.966 94

1,531 94 111,440 36 67,869 36

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

Profit from operating$1,065,028 10

$586,614 42$923,526 32 $587,706 52

General Balance Sheet of W est Chicago Street Railw ay Co., June. 1897.

|Asscte.Cost of road, equipment,right of way and construction.$16,331,184 52Real estate................................................................................. 1,5 80,202 65Treasury stocks and bonds..................................................... 5,210,264 00Sinking fund.............................................................................. 11,000 00Material on hand...................................................................... 169,874 75Bills receivable......................................................................... 86,969 98Aocounts receivable.................................................................. 31,073 84Central Trust Co., trustee, (consolidated mortgage

bonds held to retire equal amount of 1st mortgagebonds)...,................................................................................ 3,969,000 00

Ogden Street Railway Co....................................................... 266,294 32Cicero & Proviso Street Railway Co............................. 127,195 07Chicago Passenger Railway Co............................................. 90,667 98West Chicago Street RR. Tunnel Co...................... 78,774 49Chicago & Jefferson Urban Trans. Co.................................. 6,012 14Suspense...................................................................................... 3,405 48Cash on hand and in banks................................................... 1,805,052 87

$29,766,972 09L ia b i l it i e s .

Capital stock.................................................................................... $13,189,000 00W. C. St. R. R. Co. 1st mortgage bonds 5s............................... 3,969,000 00W. C. St. R. R. Co. consolidated mortgage bonds 5s___ 10,000,000 00Debenture bonds, due 1914......................................................... 767,000 00Floating debt, not due................................................................... 1,056,500 00Unclaimed wages, dividends, etc............................................... 11,531 78Accounts payable............................................................................ 15,430 00Chicago Passenger.Railway Co. stock subscription....... 87,225 00Cieero &|Proviso Street Railway Co. operating.............. 3,873 36Ogden Street Railway Co. operating........................................ 5.122 89Income accounts............................................................................. 662,289 06

$29,766,972 09Item in balance sheet showing treasury stock and bonds,

amounting to $5,210,264, is made up of the following securi­ties :Chicago West Division Ry. Co., 6,251 shares capital

stock, cost..................................................................................$5,100,000 00West Chicago St. RR. Co. capital stock................................ 22,264 00West Chicago St. RR. Co. consolidated mortgage bonds.. 30,000 00 Chicago <fc Jefferson Urban Tr. Co. 1st mortgage bonds.. 58,000 00

Fixed charges are as follows :Rental of leased roads: Cliii ago West Div. Railway Co. $440,000 00

Chicago Passenger Railway Co. 53,407 50 Coupon int. of leased roads: Chicago West Div. Ry. Co. 181,800 00

Chicago Passenger Ry. Co. 60,000 00 Interest account West Chicago Street Railroad Co.......... 280,906 68

$1,016,114 18The dividends which have been paid by the West Chicago

Street Railroad Company are as follows :1888, 1889, 1890....................5% I 1893, 1894........................................9%1891 ...........................................6% 1895,1896 and one half of 1897.6%1892 .........................................614% 1

The Directors of the Company are : Charles T. Yerkes,P. A. B. Widener, William L. Elkins, Harvey T. Weeks, S. W . Rawson, F. H. Winston, John M. Roach.

The Officers of the company are: Charles T. Yerkes, President; J. M. Roach. First Vice-President*, George A. Yuille, Second Vice-President ; L. S. Owsley, Secretary and Treasurer ; W . S. Bell, Assistant Secretary and Treasurer.

The general offices of the company are located at 89 W . Washington Street, which is also the transfer office in Chicago. The registrar in Chicago is the Illinois Trust & Savings Bank, corner of Jacksou and La Salle streets. Transfer office in New York is at 54 Wall Street. The regis­trar in New York City is the Central Trust Company of New York, 54 Wall Street.

CHARLES T. YERKES, President. The Committee recommended that the above-described

$3,969,000 First Mortgage Forty-year 5 per Cent Currency Bonds, included in Nos. 1 to 4,100, $6,031,000 ; Consolidated Mortgage Forty-year o per Cent Gold Bonds, Nos. 3,970 to10,000 inclusive, and $13,189,000 Capital Stock, be admitted to the list.

Adopted by Governing Committee, Aug. 12, 1897.

Southern Iron — Buffalo Iron.—Right to ExchangeExpires Sept 1 —Stockholders of the Southern Iron Co. are reminded tba- the right io exchange their securities for Buffalo Iron Co securi ies on the basis heretofore adopted expires on Sept. 1. 1897. Until that date the exchange will be made at the office of the Buffalo Iron Co., Nashville. Tenn.

West Chicago Street RR. —Securities Listed on New York Stock Exchange.—Official Statement as to P roperty—This company’s securities were listed tnis wr-ek on the New York Stock Exchange, including $3,969,000 fiist mortgage bonds, $6,031,000 consolidated mortgage bimds and $13,189,000 capi­tal stock. The very clear and comprehensive statem-nt made to the Exchange by President Yerkes in com ection with the listing is given at length on pages 281 and 232 of to­day’s Chronicle, where it will be read with interest and re­main '-vailanle for future reference. A fea ure of thir state­ment is the general halance sheet of June 1, 1897, and the gross and net earnings f -r the five months ending May 31, 1896 and 1897.—V. 65, p 235.

Western N. ¥. * Pennsylvania R y .— Quarterly — E unings for the quarter ending Juu- 30 have been reported as f.ilio vs. Figures for the fiscal year will be found on a previous page.

3 m ot. e n d in g d r o s s N et O llier In le r e s '. B a la n ce J u n e 30. ea rn in g s , e a rn in g s , in com e, taxes, <ec. s u - . o r d e l .

1897......................$669,440 $168,102 . . . . . . . $257,076 (ler.$sS,U7l1896..................... 736,601 237,504 ,$1,172 211,161 sur. 77,515-V . 64, p. 903.

August 14 189T.J THE CHRONICLE. 283

% \ x e C o m m m i a l g i r o e s .

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 , A ugust 13, 1597.There has betn a fair amount of activity t i business in

nearly all seasonable lints of merchandise, and merchants have continued to speak encouragingly of the future pros­pects for trade. The c ntirued upward tendency to wheat values has atlrart-d widespread attention. The fact that Europe will be dependent upon ibis country this seas on for an unusually large supply < f grain as a consequence of the partial failure of her crops, which means tatter prices to the American fainter for bis products, and a consequent im­proved financial condition among the agricultural classes, is having much to do with the general cheerful tone noticeable throughout mercantile circles. There has been an unusually large attendance of out-of-town merchants in this market the past week, but ibis, in a measure, has been the result of the benefits received bv them a« regards the railroad passer- ger rates through the efforts of the Merchants’ Association.

Lard on the spot ba* been in fairly active demand and pTicea have advanced, closing firm at 4'70(g4 *.‘3c, for prime Western and 4 30c. for prune City. The demand for refined lard has been only limited, bur prices have advanced, and to the Conticei t the price was quoted at 3c, Tnere ba* been no trading in the It cal n arket tor futures, out at the W ist the speculation has been fait ly active, as the more active cash de­mand and higher pric-s for swine have stimulated buying for investment account and ptices have advanced. The clone was firm.

daily closing eaices or lard rvrvttes.Sat. Man. Toes. Wed. Thurt. Fri.

Oct.............................. . . .c. 4-70 4-63 4 07 4 03 4 0, . 4'80Pork has had a moderate sale and prtc** have advanced,

closing at $8 QQfctH 50 for old m-»», $9 00'39 75 for new races, $9 5(1(310 50 for family and $9/311 50 for short clear. Cut meats have been in onlv limited demand, hut price* have held firm, clcsirg at fi)£®7c. for pickled bellies, 12010 lbs. average, 8f?3*ic. for pickled smoulders and 8J£@8e, for pickled ban».«. Beef has been firm but quiet, closing at $7 30®8 i 0 for mess; 98<d9 W> f< r packet; $$ 5< rg'.i 50 for fam­ily and 112 5* (314 5o for extra India mess. Be* f hams have th-en fi<m at t2$@29. Tallow has been qubt but sttady at 4;t|c. Oteo stearin® has had only a limited sale, bu' values have held steady at 4Jj|i35c. Lard stearioe ha# been firm hut quiet at 5?4'c for City. Cottonseed oil has been unchanged and firm at 25}^®2t!^c, for prime yellow. Buster has bo-n in fair demand lor choice and firmer, closing at 11a 15c for creamery. Cheise has had a moderate »aie at steady prices, closing at for State factory, full cream. Ff< sh eggshave be»n In light »up! ty and higher, closing at 14c. for choice Wt stern.

The Brazil giad*# of coffee were steadier early in the week, but at the clove large receip*# end lower firm offers {vaulted in a decline, closing at 7tgc, for Rfo No. 7. Mild grades have had a fair sale, and for higb grad-s prices have held steady. closing at 13 . f i r g o d Cucute and 24c. for star dard Java. There baa been slightly increased activity to the tradi g in the market for contracts, but the changes in prtc<a have been unimportant. The close was easy under a heavy crop movr- menr. Following were final asking prices.Ang.................. 6-70o. I Nov...................4 90c. 1 .. ....................... .......Pept.................. 6-90C. Dec................. 7 00c. ; March..............7*16e.Get................... 6-SOc. i Jan................ 7-1 Oc.! May................. 7-20C.

The market for raw sugars has been firm but quiet, closing at S?^c. for centrifugal 9fi*d>g, test arid 3}£c. for muscovado 88 deg. Usi. Refined sugar* have bad a moderate sale and a few of the soft grades have been advanced l-16c.: granulated bi s been unchanged st 5c. Teas have been steady. Molas­ses and s> rups have teen fairly actjv- and firm.

Keitucky t-ibacc > ha* b*er. in more active demand for ex­port, and firm; mice 250 hbds. Heed leaf tobacco h-s been firm but quiet. Sabs for ihe week wire SM50cases, as follows: 160 cases j885 crop, Ztmmets. 15<dICc.; 200 cases 1895 crop, Per n * 'lvania Havana. 12c.; 125 cases 1885 crop, New Eng­land Hi vans. )9®88c.: 200 cases 1893 crop. G» 'hards, lie : 125 Cares 1893 crr.p. Wi»e< rain Havana, ll@)l>£c , and 133 casts sundries, 7® ’ 5c.; also 90 bales Havana at two. to f l m bond and 240 bale* Sumatra at. 95c to $2 15 io bond.

There h»» to n < nlv a hmiud demand for S rai s tin. but prices have adva ceo m rtpponse to foreign advices, closing firm at 14c. h got copper bat* bad a fairly large sale and at firm prices, eh'■mg at Ilj*<llll^c. for Lak*-. ie*nd was in bette r demand > t the close and sit adier at 3 -8<'@S'85c for d« - me sue. Sp» It# t has been qui-1 but steady at 4*80c.@4'if5c. for domes'ic Pig iron has in d ' nly a limited sale but valuta have held steady at *9 '•VifH'J 23 for do no aiic.

Refined peirr-leufn has b. en steady, closing a' 5 75c in bhls.,8 25c. io t'ulk nod fi-2 c. io css s ; naphtha quiet a< 5 59c. Crude certificates have been negiec ed ; credit, bal­ance a have hem unchanged at Tie, Bpiri's turpentine has been in teller d* mand and higher, closing firm at 28c.(«28J4c- Busies have been dull and easier, closing at $145@159 lor common and good # raio* d Wool baa been firmly held but only a limit'd amount of feaalaes# has been transacted. Hop# have been quiet and easy,

C O T T O N .Fr id a y N ig h t , August 13, 1897.

The Movement op th e Cr o p , as indicated bv our telegrams from the South to-night, is given below. For the week ending this evening the total receipts have reached 7,396 bales, against 4,‘ 53 bales last week and 3,307 bales the previous week, making the total receipts since the 1st of Sept.. 1896, 0,892.404 bales, against 3,282.388 bales for the same period of 1895-6, showing an increase since Sep 1,1896. of 1,460,166 bales.

R ece ip ts a t— Sat. M on . T oes. W ed , 'T h u rs . P H . lo c a l.

Galveston......... 74 106 555 51 720 930 2,436Tex. City. Ac, ......... . . . . . .

New Orleans... 112 977 1,186 159 484 459 3,377Mobile............ . 12 4 1 2 3 22Florida........ . . . . . . . . . . . .Savannah........ 7 20 14 401 8 6 95

Brnosw'k.Ao. . . . . . . ........ . . . . . . . . . . . . .........Charleston,..., 3 7 lj 2 6 19

Pt. Royal,Ac.Wilmington— 8 “ 4 12

Wash’ton, Ac. . . . . . . . . . . . . . . . . . . ...___ . . . . . . ........Norfolk............ . . . . . . 5 1 5 ............. 15 26N’p’t News, Ac, . . . . . . .........; ......... 79 79New York....... . . . . . . . . . . . . . . . . . .Boston.............. 141 51 75 23, 140 30 460Baltimore. . . . . . . . . . . . . . . . . . . . __1 ___ _PUiladaL*a. <k«L. 1 97 239 533 870Tot. this week 342 1.175 1.842 377 1.599 2.061 7,396

The following shows t he week s total receipts,the total since Sept 1,1896, anti the stock to-night, com pared with last year:

R eceip ts to A u g . 13.

1896-97. 1895-96. S tock.T h is $ ln c e Sep, w eek . 1, 1896.

Thisw eek .

S in ce Sep, 1,1895. 1897. 1896.

Galveston... 2,436 1.344365 4.335 931,440 5,068 9.517Tex. C.,Ae. . . . . . 112,751 328 113,650

New Orterci- 3,377 2,030.192 9.V84 1,770,006 11.415! 22,114Mobile........ 22 291,435 133 195,927 1,378 3,039Florida-....... .........| 88,525 . . . . . . 33,894 .........ISavannah... 95 840,617 1,222 755,881 6,763 6,426Br'wtok.Ac. ......... 177,260 115,381 1,317- 550

Charleston.. 19 398,460 113 280,370 1.200 10,434P.Royal,Ac. ......... 73,595 77,513 . . . . . . I

Wilmington. 12 284,625 6 170,991 429, 2,097tVasb’n, Ac. ......... 857 ... . . . . 787Norfolk....... 20 701,330 489 333,241 450 2,267N’ port N.. Ao 79 19,121 284 170,903 .........I 50New York... ......... 48.695 53,119 47,119 67,743Boston........ 460 161,734 133 127,088 3.500j 4,000

. . . . . . 03,376 19 48,901 1.219 4,197Philadel. Ac, 870 51,900 24 45,128 2,2701. 1 „ 5,012

Total*....... 7,396 6,692,404 16,370 5,232.23' 82,167! 137,436In order that comparison may be made with other years,

we give below the totals at leading ports for six seasons.I te e e ip tt at— 1897. 1696. 1805. 1894. 1893. 1802.Hatves’n.Ac. 2,436 4.663 283 1.483! 1,455 1.273New Orleans 3,377 9,234 550: 3,742 4,479 2,627Mobile......... 22 133 14« 24 179 55Savannah ., 05 1,222 107 103 1,840 504Chas'ton, Ac. 10 113 l l 1 10 519 157w Urn’ton, «fe«0 12 e; 0 i 15 23 52Norfolk....... 2t> 4891 80 188! 210 246N. News, Ao. 79 284 30 53 855 123All others... 1,330 170- 510J 1,587! 2,876 606Tot. this wk. 7,396 16,170 1,749) 7,213 12,248 5,703Since Sept, t Odi.y.SOi SS.^.^H 7800.576:5931.7Wj:»OT2J»8F'7119.131

The exports for the week ending this evening reach a total of 4.1K4 bales, of which 1,982 were to Great Britain, 401 fai France and 1,751 to the rest of the Continent. Below are the export* for the week and since Sept. 1, 1896.

Exportsfrom —

__Tex. City. k e .. New Orleans..Mobile........P en sa co la .....Savannah—..,Brunswick__Charleston... Port Royal.,.. Wilmington,. Norfolk...,,.,. N’port N„ kc..Now Vork......Boston......Baltimore.... Philadelphia.. San Fran.. &e.

T o ta l............Total, 1895-00,

W ttk Enrhnp Alto. 1® E xported to—

IW7. J

Great BrU'n, Frame Cont i-

nrnt.' Total | Week. |

! 1.821 041 cons;

I .V... .. . . . .

| l»'" 401 l.ltS l.OiiF

2 22n . .... . 228

...1,882 401 1.751

' t3,«0t 1.254 0,132 21,050

G nat \ Britain

Export r-d fa— Conti-FrancA

:L nent.

. 13.1897.

Total.

711.291,201,591 285.7*29...........,j | 21.798846,780 43e»«97 092,152348,412 ....... | 37.12060,732 5,61848t207i 15.334 372.543

103,347 . . . . . . 21,78978.322 1913307 1 ,000; ...................... .95.431, ......... 111,3^

4,184 3,012,401 095.705 2,225,621 21.050 S b ,918 407,713 1304 ,634

1,228.0)8 21.708

1.905,229 180,532 72,350

430.140 125,130 270,211

71,000 206,794 200.275

10,881 060,079 232.690 172,741

12.878 69,792

5.933,090£591.265

284 THE CHRONICLE. [VOL, LXV.

In addition to above exports, onr telegrams to-night also give us the following amounts of cotton on shipboard, not cleared, at the ports named. We add similar figures for New York, which are prepared for our special use by Messrs. Lambert & Barrows. Pro luce Exchange Building.__________

A u g . 13 at

ON SHIPBOARD, NOT CLEARED FOR—L e a v in g

stock .G reatB r ita in F ra n ce

O therF oreign

Coast­w ise . Total.

New Orleans.. None. l.bU 3.930 40 5,311 6,134Galveston....... None. None. None. 893 893 4,>75

None. None. None. None. None. 6,763Charleston___ None. None. None. 60 60 1,140Mobile............. None. None. None, None. None. 1,3 78Norfolk............ None. None. None. Noi e. None. 459New York....... 200 1,000 None. 1,700 45,419Other ports... 50 None. 100 None. 150 8,585

Total 1897.. 550 1,541 5,030 993 8,114 74,053

Total 1896.. .! 7,702 365 3,955 200 12,’ 22 125,214Total 1895.. 8,912 50 5,693 941 15,596 294,857

There has been a narrow and uninteresting market for contracts. Speculation has been quiet, as there has been practically no outside interest shown, the trading being confined to operations by professional dealers. The crop prospects have been the principal feature in the market, and the fact that a moderate downfall of rain was reported in Texas during the latter part of the week had a depressing influence upon values. On Tuesday the monthly report by Ihe Government's Agricultural Bureau was issued, and it showed a slightly better average condition of the crop than was generally expected. It was offset in a measure, however, by the weekly report issued by the Government's Weather Bureau, which was a less favorable statement than anticipated and the decline in prices was only slight. Advices received from the dry goods trade stated that there was a fairly good demand for print cloths for fall delivery at advaneing,prices, and this, together with an estimate on the probable yield of the crop in Texas, which made a smaller total than was generally expected, had a favorable influence upon the market and also served to prevent any pronounced weakness being shown in prices. To-day there was a quiet market a d prices declined under selling both for Liverpool and New Orleans account, prompted by further fall of rains in Central and Southern Texas. The close was steady, with prices 6 to 8 points lower for the day. August closed 3 points Higher on buying by shorts to cover contracts. Cotton on the spot has sold slowly, but prices have been unchanged. To-day the mar­ket was more active and steady, closing at 8c. for middling uplands.

The total sales for forward delivery for the week are 3M.200 bales. For immediate delivery the total sales foot up this week 6,7.9 bales, including 744 for export, 3,0“5 for consumption, — for speculation and 3,000 on contract. The following are the official quotations for each day of the past week—August 7 to August 13.

Rates on and off middling, as established Nov. 33,1893, and revised Dec. 11, 1895, by the Revision Committee at which grades other than middling may be delivered on contract:Fair................................Middling Fair..............Strict Good Middling.Good Middling............Strict Low Middling..Low Middling.......Strict Good Ordinary.

,C. 1>4 on.... 7Q on... L* on.-• °16 on.

oil.-. % off.

off.

Good Ordinary ............c. 1 off.Good Middling Tinged... Even. Strict Middling Stained . 7sa off.Middling Stained............. % off.Strict Low Mid. Stained. an.j., off. Low Middling Stained... I t , " off.

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

UPLANDS. Sat. c Tues W ed T il. Fri.Good Ordinary...........................Low Middling.............................Middling......................................Good Middling........................ ..Middling Fair.............................

77=688= e87n

77=8815’=87e

77*8885 6 87«

77=88g»1687»

77=8885i87b

77=888=!,87e

GULF. Sat. -lion T u es W ed T il. Fri.Good Ordinary...........................Low Middling.............................Mi. Idling......................

71,77a8 49>fl

7M7 7bS’,&*\91s

74,7788*49%

7*47788 ’,8 inSi's

74,778 wi 78

Good Middling............................Middling Fair.............................

89in0 ’s

8'\ 6Shi

STAINED. Sat. H o n T u es W ed T li. Fri.Low Middling................... .........Middling .....................................Strict Middling..........................Goo 1 Middling Tinged..............

6\7=88 31

7 %72&a-8

63,7=672= ,4 8

63,7=8

T *

63,7=8

r *

65,7=8r _ 2

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 clo ;ed on same days.

I SALES OF SPOT AND CONTRACT.SPOT MARKET

CLOSED. E x ­p o r t .

C on - ' Spec- su m p . ul'C n

C o n ­tract.

---------- Sales o fTotal, i F u t* r e s -

Sat’day..Monday.TuesdayWed’dayTli’day..Friday..

Quiet..................Quiet..................Easy..................Uasy...................v^uiet..................Steady...............

374370

184 . . . . 569 . . . . 338 . . . . 193 . . . . 577 . . . .

1,144 . . . . ■

3,000

::::: : : .

184 39,200 3,569 45,200

33SL 63,400 1931 92,400 951 80,400

1,514 74,700TotaL. 744 3,005: . . . . 3.000 6,749 395,200

Th e Sa l e s a n d Prices o f F u tu r e s at New York, are shown in the following comprehensive tab'e.

* Includes sales in September, for September, 15,100: September" Ootober, for October, 384,800; September-November, for November* 372,000; September-Deeember, for December, 2,290,000; September' January,for January. 7,114,100; Septeraber-Fobruary, for February* 446,900; September March, for March, 6.268,200; September-April* for April, 335,800; September-May, for May, 4,913,000; September- June, for June, 799,900; September-July, for July, 998,800.

KW For exchanges see page 386.Th e V isible S u p p l y of Cotton to-night, as made up by

cable and telegraph is as follows. The Continental stocks, well as as those for Great Britain and the afloat are this week’s returns and consequently all the European figures are brought down to Thursday evening. But to make the totals the complete figures for to-night (Aug. 13», we add the item of exports from the United States, including in it the exports of Friday only: ___£ ...J

August 14 T H E r H R O N I C L E

1897.h took at L iv e rp o o l........ b a le s . 616,000- lo ck a t L on d on ........ . .......... . . 8 ,000

T otal Great Britain sto ck . 622 ,000S tock at H a m b u rg .................... . '14,000S tock a t B rem en ...... .................. 99,000S tock a t A m sterd a m ___ _____ 2 ,000S tock at R o tte rd a m . 200S tock at A ntw erp . 3 .000

,000Stoek at H avre............................ 112.'S tock at M arseilles.................... 5 ,000Stock at B a rce lo n a .................. 70,000S tock a t G en oa ........................... 35,000Stock at T rieste .......................... 19,000

Total Continental stocks.._ 369,200 T ota l European stocks..

India co tton afloat fo r E urope

1896 . 1895. 1894582.000 1,384,000 1 ,112,000

10.000 11,000 15,000532.000 1 ,345,000 1 ,127,00031.000 33,000 33,000

1X5.000 222.000 120.0007 .000 14,000 12.000

200 200 1008 .000 20,000 19,000

170.000 380 ,000 351 .0008.000 4 .000 6 ,000

68.000 60,000 73.00039.000 4 4 ,000 16,00040.000 38.000 36.000

481 ,200 915 ,200 866,100

A m er.eotton afloat fo r E urope Egypt-B raslLA c. .artt-for E’ pe S tock (n C atted State* ports . S tock in I j, S. in terior tow ns.. Unite*! S tates exporta to-daj-.

L iverpool s to c k .. _____bales.C ontinental s to ck s ............. . . . »Am erican afloat fo r E u ro p e ..U nited State* s t o c k ............United States Interior s tock s. U nited States export# t o -d a y .

419 .000 1 ,198,000359 .000 712 ,000

52,000 23.000137.139 310,153

76 .5*7 41,711990 463

933.000439.000

42,000193,4 36

56,939 1.113

179,00015.000

177,10011.00017,000

991,200 1,074,200 2 ,180,200 1,703.10022.000 31,000 3 4,000 41,00017.000 6 2 ,000 23,000 42,00013.000 11,000 17,000 17,00082,137 137,436 310 ,453 193,12631,064 7 3 .5 4? 41,714 56,939

_______________ . _____ 4 3 0 990 4S3 1,118T ota l v is ib le s n o p ly ........... 1 ,131,861 1,338,173 2 .604,830 2 ,144.393

O f tbe above , tota ls or A m ertoan and o tn er description# are as follow a: A m erican -

.502,000 233,000

17.00082.167 31,06*

430Total A m erican ........... . 920.661 1,074,073 2 ,2 5 3 ,63 0 1,715,483

Mast In d ia * , B rasil, Ac -L iverpoo l s to c k .......................... lll.O O C 133,000L ondon s tock .. . . . ...................... « ,« 0 0 '.<>.000C ontinental stock s--------- ------- 81 .200 123,200India a float fo r E u rop e........... 22 ,000 ii,.W OE gypt, Braitt, See,, a flo a t ., . . . 1,8,000 11 .000

T ota l East rndla, A c .......... 2 41 .20 0 3 »1 .2 00T ota l A m ertoan.................. 0 2 0 .6 3 ! 1 ,074,973 2 ,283 ,030 1,715,483T ota l visible s u p p ly ......... l , l « ! , 9 d i f ,3 « 'd ,l7 3 A < S 4 .I 0 2 ,1 1 4 ,5 9 3

M iddling U pland, L iverpool.. V A i> , fl. 3* ..4. 3*»; •.M iddling Upland, S ew f o r k . 8c •*. ,.a . 7 “ „ c , 7cE gy p t G ood Brow n, L iverpool 5*i<yt 8 d . i t 0*i#d, 4>*;«dP erov .R ough G ood , L iverpool 8t*d. « M , 5*i«d- S4»i«d.Broach Fine, L iverpoo l........... 4 'v .d t e d . 3 -rw d. 3 »* i.dTtnnereU y G ood ..L iverp oo l., 4 r i rA * * ,,d . 3ri|*d- 3 S f

t 3 T T h e im p o r t s in t o C o n t in e n t a l p o m t h e p a s t w e e k have b e e n 2 1 ,0 00 b a le s .

T h e a b o v e f ig u r e s in d ic a t e a d w r e a s t in th e c o t t o n in s ighs t o -n ig h t o f 224 ,312 b a le s as c o m p a r e d w it h t h e s a m e date o f 1866, a fa l l in g o f f o f 1 ,412,9 >9 b a lm f r o m t h e c o r r e s p o n d in g d a te o f 1865 a n d a d e c r e a s e o f 9 *2 .7 22 bab -s f r o m 1894.

A t t h e I n t e r i o r T o w n s t h e m o v e m e n t — t h a t is t h e r e c e ip t s f o r t h e w e e k a n d s in e # S e p t e m b e r i , t h e s h ip m e n ts f o r thr w e e k a n d t h e s t o c k s t o -n ig h t , a n d t h e s a m e ite m s f o r th e c o r r e s p o n d in g p e r io d o f 1885-96—-is s e t o u t in d e t a i l b e lo w .

138.00011,000

103.200 *2 .0 0 0 17,000

321 .200 429*,Yob

T h e a b o v e t o t a l s s h o w t h a t t h e in t e r io r s t o c k s have in c r e a s e d l u r i n g t h e w e e k 2 ,424 b a le s a n d a r e n o w 15,483 b a le s l e s t th a n a t s a m e p e r io d la s t y e a r . T h e r e c e ip t s a t a l l th e t o w n s h a v e b e e n 3 ,1 7 ? b a le s te w th a n sa u te w e e k la s t y e a r a n d s in c e S e p t . l t h e y a r e 818 ,909 b a le s m o re t h a n f o r s a m e t im e in 1895-6 .

Q u o t a t io n s f o r M i d d l i n g C o t t o n a t O t h e r M a r k e t s .-

Tfcefc end ing A ug. 13.

G a lveston . , N ew OrleansM o b ile .........S a v a n n a h .. C harleston .. W ilm ington.N o rfo lk ........B o sto n .........B altim ore ,..PhiladelphiaA u g u sta ... ..Memphis___St, L ou is___H ou ston -----C in cinnati.. Louisville. -.

CLOSING QUOTATIONS FOB MIDDLING COTTON ON-

Batur.

7*87U ,a< ’ a

7-44

1%S

mf i lm

8%8

Mon.

7- 5*

f t? 3481%

8- 48 >4

Zi!>a

? 54 lfl8%3

Tuet.

7 %2*%e7%7%73*8

S*8 ’-*91*8 «7 1 b s7 l3 l87%8%

Wednes. Ttmrs.

7 5gj j * is7%7%7%88%8

R7<s,«

?£*r s

7%73*187%

7%

r34*84*8%71318

*T1Br

S n

75s 7u e 7% 7%

T 888 ’-4 84*

7 i l M

ST h e c lo s in g q u o t a t io n s t o - d a y (F r id a y ) a t o t h e r i m p o r t a r t

S o u th e r n m a r k e t s w e r e a s f o l l o w s .Athens............... 8 b * i OaloialnubM iseA tla n ta ............. 7=8 E ufaula .......C h a rlotte ......... 3 ‘i I L ittle R o ck ____Colum bus. G a . 7% i M on tgom ery ...

7 4 7 It

"7 -4

N a sh v ille .......... r %N a tch e r ............. 7ksR a le ig h ............. S.l*S hreveport........ ? s J6

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2 ,— T h a t a l t h o u g h th e r e c e ip t s a t th e o u t p o r t s t h e p a st w e e k w e r e 7 ,396 b a le s , t h e a c t u a l m o v e m e n t f r o m p lan ta tion !-, w a s o n ly 9 ,820 b a le s , the b a la n c e b e in g ta k e n f r o m th e s to c k ? a t

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O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S in c e S e p t , 1 ,— W e g iv e b e lo w a s t a t e m e n t s h o w in g t h e o v e r la n d m o v e m e n t f o i th e w e e k a n d s in c e S e p t e m b e r 1. A s t h e r e t u r n s r e a c h u s b y t e le g r a p h la te F r id a y n ig h t i t is im p o s s ib le t o e n t e r so la rg e ly in t o d e t a i l a s in o u r r e g u la r m o n t h l y r e p o r t , b u t a ll tn e p r in c ip a l m a t t e r s o f in t e r e s t a r e g i v e n . T h is w e e k ly p u b lic a t io n is o f c o u r s e s u p p le m e n t a r y t o t h e m o r e e x t e n d e d m o n t h ly s ta t e m e n ts . T h e r e s u lt s f o r th e w e e k e n d in g A u g . 18 a n d s in c e S e p t . 1 in t h e la s t t w o y e a r s a r e a s f o l l o w s .

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d u r in g th e w e e k 24,410 b a le s , a g a in s t 27,485 b a le s f o r th e s a m e w e e k o l 1896 , a n d that, t h e in c r e a s e in a m o u n t in s ig h t t o -n ig h t a s c m p a r e d w i t i la s t y e a r is 1 ,385,884 b a le s .

2 8 K T H E C H R O N I C L E . [VOL. LXV.

W e a t h e r Reports b y T r l e g k a p h . — R e p o r t s t o u s b y t e le g r a p h t h is e v e n in g f r o m t h e S o u t h in d i c a t e t h a t r a in h a s fa l le n in m o s t s e c t io n s d u r in g t h e w e e k a n d c o t t o n h a s b e e n b e n e f i t e d t h e r e b y . I n T e x a s , h o w e v e r , t h e p r e c ip i t a t i o n h a s , a s a r u le , b e e n l i g h t , a n d m o r e m o is t u r e is s a id t o b e n e e d e d in a n u m b e r o f d is t r i c t s . P i c k i n g is p r o g r e s s in g r a p id ly in th e S o u t h w e s t a n d is g e t t i n g u n d e r w a y e ls e w h e r e .

G a lv e s to n , T e x a s .— W e h a v e h a d l i g h t r a in o n t w o d a y s d u r in g th e w e e k , t h e r a in fa l l b e i n g s ix h u n d r e d t h s o f a n in c h . T h e t h e r m o m e t e r h a s r a n g e d f r o m 70 t o 97, a v e r a g ­i n g 84.

P a le s t in e . T e x a s .— 1T h e r e h a s b e e n l i g h t r a in o n o n e d a y o f t h e w e e k , th e r a in fa l l r e a c h in g f o u r h u n d r e d t h s o f a n in c h . R a in is n e e d e d . A v e r a g e t h e r m o m e t e r 84, h ig h e s t 98, l o w ­e s t 70.

H u n ts v il le , T e x a s .— W e h a v e h a d r a in o n o n e d a y d u r in g t h e w e e k , th e p r e c ip i t a t io n r e a c h in g t h ir t y - t h r e e h u n d r e d t h s o f a n in c h . M o re ra in is n e e d e d . T h e t h e r m o m e t e r h a s a v e r a g e d b7, t h e h ig h e s t b e i n g 102 a n d t h e lo w e s t 72.

D a lla s , T e x a s .— W e h a v e h a d g o o d s h o w e r s o n t h r e e d a y s o f t h e p a s t w e e k , t h e r a in f a l l b e in g o n e i n c h a n d t h r e e h u n d r e d t h s . M o re r a in w o u ld b e b e n e f i c ia l . T h e t h e r m o m ­e t e r h a s a v e r a g e d 86, r a n g in g f r o m 70 t o 103.

oare A n t o n io , T ex u s . T h e r e h a s b e e n l i g h t r a in o n o n e d a y d u r in g t h e w e e k , t o t h e e x t e n t o f t w o h u n d r e d t h s o f a n in c h . T h e d r o u g h t is s e v e r e .

L u t in g T e x a s .— W e h a v e h a d r a in o n t w o d a y s d u r in g t h e w e e k , t h e p r e c ip i t a t i o n b e i n g n in e t e e n h u n d r e d t h s o f a n in c h . M o r e r a in is n e e d e d A v e r a g e t h e r m o m e t e r 87, h i g h ­e s t 100, lo w e s t 74.

C o lu m b ia . T e x a s .— W e h a v e h a d v e r y b e n e f i c ia l r a in o n o n e d a y o f t h e w e e k , t h e r a in f a l l b e in g o n e i n c h a d t w e n t y - s ix h u n d r e d t h s . T h e t h e r m o m e t e r h a s a v e r a g e d 84, t h e h ig h e s t b e in g 96 a n d th e lo w e s t 71.

C u e r o . J e x a s .— T h e w e a t h e r h a s b e e n d r y a l l t h e w e e k a n d fa v o r a b le f o r c o t t o n p i c k in g , w h ic h is p r o g r e s s in g r a p id ly , b u t r a in is n e e d e d . T h e t h e r m o m e t e r h a s a v e r a g e d 86, r a n g in g f r o m 75 t o 98.

B r e u h a m , T e x a s .— W e h a v e h a d g o o d s h o w e r s o n th r e e d a y s d u r in g th e w e e k t o t h e e x t e n t o f o n e i n c h a n d t h ir t e e n h u n d r e d t h s . T h e r a in w a s v e r y b e n e f i c ia l , b u t n o t a s g e n ­e r a l a s n e e d e d . T h e t h e r m o m e t e r h a s r a n g e d f r o m 72 t o 100, a v e r a g in g 86.

H o u s to n . T e x a s .— T h e r e h a v e b e e n g o o d s h o w e r s o n t h r e e d a y s d u r in g t h e w e e k , j u s t a s n e e d e d . T h e r a in fa l l r e a c h e d o n e i n c h a n d t h i r t y - f o u r h u n d r e d t h s . T h e t h e r m o m e t e r h a s a v e r a g e d 86, t h e h ig h e s t b e in g 98 a n d t h e lo w e s t 73.

•v e n t to -r fo r d , T e x u s .— T h e r e h a s b e e n l ig h t r a in o n t w o d a y s d u r in g t h e w e e k t o t h e e x t e n t o f t h i r t y - t w o h u n d r e d th s o f a n in c h . C o t t o n n e e d s m o r e r a in . T h e t h e r m o m e te r h a s a v e r a g e d 86, r a n g i n g f r o m 70 t o 103.

N e w O r lea n s . L o u is ia n a .— W e h a v e h a d r a in o n t w o d a y s o f t h e w e e k , t h e r a in f a l l r e a c h in g o n e i n c h a n d t w e lv e h u n ­d r e d t h s . A v e r a g e t h e r m o m e t e r 83.

S h r e v e p o r t , L o u is ia n a .— T h e r e h a s b e e n r a in o n t h r e e d a y s o f t h e p a s t w e e k , t h e p r e c i p i t a t i o n r e a c h in g s e v e n t y -o n e h u n d r e d t h s o f a n in c h . T h e t h e r m o m e t e r lia s r a n g e d f r o m 72 t o 100, a v e r a g in g 85.

C o lu m b u s . M is s is s ip p i .— C ro p s a r e v e r y p r o m is in g . T h e r e h a s b e e n ra in o n f iv e d a y s o f t h e w e e k , t o t h e e x t e n t o f f o u r in c h e s a n d t h r e e h u n d r e d t h s . T h e t h e r m o m e t e r h a s a v e r ­a g e d 83, t h e h ig h e s t b e in g 105 a n d t h e lo w e s t 64.

L ela n cl, M is s is s ip p i .— T h e w e e k ’s r a in f a l l h a s b e e n o n e i n c h a n d f i f t y - t w o h u n d r e d t h s , f h e t h e r m o m e t e r a v e r a g e d 79 6, r a n g in g f r o m 64 t o 94.

V ick sb u rg , M is s is s ip p i.— T e le g r a m n o t r e c e iv e d .L it t l e R o c k . A / k a n s s .— T h e r e h a s b e e n r a in o n fiv e d a y s

o f t h e p a s t w e e k , t h e r a in fa l l r e a c h in g t h r e e in ch e s a n d n in e t y h u n d r e d t h s . A v e r a g e t h e r m o m e t e r 79, h ig h e s t 92 l o w e s t 66.

H e le n a , A r k a n s a s .— C ro p s lo o k f in e ; w o r m s a re s ca r c e . T h e r e h a v e b e e n s h o w e r s o n f o u r d a y s o f t h e w e e k , t o th e e x t e n t o f s e v e n t y -e ig h t h u n d r e d t h s o f a n in c h . T h e t h e r ­m o m e t e r h a s a v e r a g e d 75\5, t h e h ig h e s t b e in g 86 a n d th e lo w e s t 62.

M e m p h is , T en n essee — T h e r e h a s b e e n r a in o n t w o d a y s d u r in g t h e w e e k , t o t h e e x t e n t o f s ix t y - e ig h t h u n rd re d th s o f a n in c h . T h e t h e r m o m e t e r h a s a v e r a g e d 7 8 '2 . r a n g in g f r o m 66 t o 90 ’2 . b 8

N a sh v il le , T en n es s ee .— R a in h a s f a l l e n d u r in g t h e w e e k t o t h e e x t e n t o f o n e i n c h a n d f i f t y - t h r e e h u n d r e d t h s . T h e t h e r m o m e t e r lia s r a n g e d f r o m 64 t o 89, a v e r a g in g 76.

M o b ile , A la b a m a .— H e a v y r a in s h a v e o c c u r r e d in m o s t s e c t io n s t h is w e e k . C r o p a c c o u n t s a re s p o t t e d , g o o d a n d b a d b e in g a b o u t e q u a l ly d iv id e d . W e h a v e h a d ra in h e re o n f o u r d a y s o f th e w e e k , t h e r a in fa l l r e a c h in g o n e in c h a n d n in e t y h u n d r e d t h s . A v e r a g e t h e r m o m e t e r 81, h ig h e s t 93 a n d lo w e s t 72.

M o n tg o m e r y . A la b a m a .— T h e r e h a s b e e n r a in o n fo u r d a v s o f th e w e e k , t o t h e e x t e n t o f o n e in c h a n d s e v e n t y h u n ­d r e d t h s . T h e t h e r m o m e t e r h a s a v e r a g e d 80, th e h ig h e s t b e ­i n g 88 a n d t h e lo w e s t 72.

S elm a , A la b a m a — W o r m s h a v e a p p e a r e d in t h e w e s te rn p o r t io n o f th e c o u n t y , b u t n o d a m a g e h a s r e s u lt e d as v e t I t h a s r a in e d o n f o u r d a y s o f th e w e e k , th e p r e c ip ita t io n r e a c h in g o n e in c h a n d t h ir t y -n in e h u n d r e d t h s . T h e th e r ­m o m e t e r h a s a v e r a g e d 80, r a n g in g f r o m 65 t o 92.

M a d is o n F lo r id a — T h e r e h a s b e e n r a in o n t w o d a y s o f t h e w e e k , th e p r e c ip i t a t io n r e a c h in g t w o in c h e s a n d sixtv h u n d r e d t h s . T h e t h e r m o m e t e r h a s r a n g e d f r o m 74 t o 95 a v e r a g in g 86. ’

S a v a n n a h , G e o r g i a .— T h e w e e k ’s r a i n f a l l h a s b e e n e i g h t y - n in e h u n d r e d t h s o f a n i n c h o n f o u r d a y s . T h e t h e r m o m e t e r h a s a v e r a g e d 80, t h e h ig h e s t b e i n g 94 a n d t h e l o w e s t 68.

A u g u s t a , G e o r g i a .— I t h a s r a in e d o n t w o d a y s d u r i n g t h e w e e k , t o t h e e x t e n t o f f o u r in c h e s a n d e i g h t y - f o u r h u n ­d r e d t h s . T h e t h e r m o m e t e r h a s a v e r a g e d 78, r a n g i n g f r o m 66 t o 94.

S ta te b u r g ,S o u th C a r o l in a .— I t h a s r a in e d o n f o u r d a y s o f t h e w e e k , t o t h e e x t e n t o f o n e i n c h a n d s ix t e e n h u n d r e d t h s T h e r a in w a s v e r y b e n e f i c ia l t o c r o p s . T h e t h e r m o m e t e r h a s a v e r a g e d 7 6 ’ 3, t h e h ig h e s t b e in g 88 a n d t h e lo w e s t 63.

W ils o n , N o r th C a r o l in a .— W e h a v e h a d r a in o n o n e d a y d u r in g t h e w e e k , t o t h e e x t e n t o f f o r t y - t w o h u n d r e d t h s o f a n in c h . T h e t h e r m o m e t e r h a s a v e r a g e d 79, r a n g i n g f r o m 68 t o 88.

C h a r le s to n . S o u th C a r o l in a .— W e h a v e h a d r a in o n s ix d a y s d u r in g t h e w e e k , w i t h a p r e c ip i t a t i o n o f t w o in c h e s a n d t h i r t y - s ix h u n d r e d t h s . T h e t h e r m o m e t e r h a s r a n g e d f r o m 71 t o 89. a v e r a g in g 80.

G r e e n w o o d , S o u th C a r o l in a .— T e le g r a m n o t r e c e iv e d .T h e f o l l o w i n g s t a t e m e n t w e h a v e a ls o r e c e iv e d b y t e le g r a p h ,

s h o w in g t h e h e ig h t o f t h e r iv e r s a t t h e p o in t s n a m e d a t 8 o ’c l o c k A u g u s t 12. 1897, a n d A u g u s t 13, 1896.

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592.000791.000546.000878.000

9.0008.0009.0008.000

1.603.0002.130.0001.518.0001.780.000.......Shipments f o r the week. Shipm ents sin ce Sept. 1.Great

Britain.Conti­nent. Total. Great

B ritain . Continent. Total.

Calcutta—j.396-97... 1,000 3,000 4,000 8,000 72,000 80,0001895-96... __ 3,000 3,000 11,000 92,000 103,000Madras—

....... 2,000 2,000 8,000 18,000 26.0001 *95-96.. 1,000 1*000 11,000 9,000 20,000All others—g 896-97.. 1,000 6,000 7,000 29,000 128,000 157.0001895-96.. 2,000 6,000 8,000 22.000 106,000 128,000

Total all— 1896-97. 2,000 11.000 13,000 45,000 218,000 263,0001895-96. 3,000 9.000 12,000 44,000 207,000 251,000

EXPORTS TO EUROPE FROM A. INDIA.

Shipm ents 1896-97. 1895-96 1894-95.to all Europe

from — Thisweek.

Since Sept. 1. This

week.S in -

Sept.This

week.Since

Sept. 1.Bombay........Allother ports 13,000

592.000263.000 1,000

12,000791.000251.000

2.0006,000

546.000189.000

Total. 13.000 855,000 13,000 1,042,000 8,000 735,000ALEXANDRIA RECEIPTS AND SHIPMENTS.

A lexandria , Egypt, A ugust l i . 1896-97. 1895-96. 1894-95

Receipts (oantars*)__This week................8inee Sept. 1............ 1,0005,793,000 5,205,000 4,538,000

Thisweek.

2,0009,000

Since Sept. 1. This

week.Since

Sept. 1.This

week.Since

8ept. 1.Exports (bales)—

To Liverpool To Continent!.

Total Europe

336.000399.000 1,000

5,000 336.000338.000 3,000

274.000350.000

11.000 735,000 6,000 674,000 3,000 624,000* A eantarls 98 pounds.I or which to Amerioa in 1396-97, 50.931 bales; in 1895-96, 59,108 bales: in 1894-95. 44,420 bales.

*50 pd. to excb. 500 Deo. for Aug ‘48 pd. to exch. 200 Jan. for Aug. •20 pd. to exoh. 100 Dec. for Sept. •04 ad. to exoh. 400 Dec. for Jan. •52 pd. to exoh. 100 Jan., for Aug •01 pd. tojexch. 100 Oct. for Jau. •06 pd. to exoh. 2,000 Jan. f -r Moll. -57 pd. to exoh. 100 Jan. for Aug. •02 pd. to exoh. 100 Nov. for Dec. 04 pd. to exoh. 500 Deo. for Jau.

A l g d st 14, 1897. J T H E C H R O N I C L E 2 8 7

M a n c h e s t e r M a r s s t .— O u r r e p o r t r e c e i v e d b y c a b l e t o - n i g h t fr o m M a n c h e s t e r s ta t e s th a t th e m a r k e t is s t - a l f f o r b o t h y a r n s a n d m ir t r o g s , in c o n s e q u e n c e o f L i v e r p jJ l n e w s <•?* g i v e th e p r ic e s f r t o - d a y b e lo -v a m le a v e t a o s e f o r p r e v io u s w e e k s o f th is a n d la s t r e a r f o r c o m p a r is o n .

1897. 1896.

32s Oop. Twist.

3 ’-a lbs. Shirt- inns, com m on

to fin est.

Ootl’ nSlid.

Vplds3 2 s Oop,

Twist.8% 16*. Shirt- inys, common

to fin est.

OotPr.ilid .Uptd

Ju ly 9« IS “ 23 “ 30

d. d. * 7 %

8% ® 7%f 1!* *X Ilr6.1S ® 7tls 6hi * 7 i , « 67!5 » 7 'l 6

8. ll 8. d- 4 lh i® 6 7H 4 2 « 6 7% 1 3 * 8 7h» 4 2 » 6 8 4 i t s ® 6 8 4 2 > e »6 8

i?IaT*f

4*sI»334732

d. d.63,e® 7%6; ie n c ■'!*6>taif6is,a6H » 7 » l6 o m -A T H ffl lie 775s

s. d. s. d. 4 4 9 6 8*s 1 3 * 8 7 4 3 » 6 7 4 3 % * 6 8 4 4 h s*6 9 4 6 9 6 10%

d.4357.1325.2 32%a4 V*41S3o

S e a I s l a n d C o t t o n M o v e m e n t .— W e h a v e r e c e iv e d t h is F r id a y ) e v e n in g b y t e le g r a p h f r o m t h e v a r io u s p o r t s th e

d e ta i ls o f t h e S e a I s la n d c o t t o n m o v e m e n t f o r t h e w e e k . T h e r e c e ip t s f o r th e w e e k e n d in g t o -n ig h t (A u g . 13} a n c s i n e e S e p t . 1 ,1 8 9 6 , th e s t o c k s t o - n ig b t , a n d th e s a m e i t e m s i o i th e ■ co rre s p o n d in g p e r i o d s o f 1895-96, a r e a s f o l l o w s .

R eceipts to A up. 13.1896-97. 1895-96. SlOCk

This i Sincew eek. Sept, 1.

TAuweek.

SinceSept. t . 1897. 1816

Savannah .................. .C harleston, A c ............... ..F lorida , A c ........... ..............

15 83,917 5. 10,402

. . . . 6.733

71

77.20310,6644,783

6,639S63131

2 ,! 65 647 405

3,217T ota l...........................— 2 0 1 0 1 ,0 5 3 8 92,650 7,632

T h e e x p o r t s f o r th e w e a k e n d in g t h is e v e n in g r e a c h a t o t a l 0 f .— h a le s , o f w h ic h — b a le s w e r e t o G r e a t B r ita in , — t o F r a n c e a n d — t o R e v i l . a n d th e a m o u n t f o r w a r d e d t o N o r th e rn m il ls haa b e e n 165 b a le s . B e lo w a r e t h e e x p o r t s f o r th e w e e k a n d s in c e S e p t e m b e r 1 in 1896-97 a n d 1895-96.

iSnporllJT«« I n d ia § .1 up. 13. Since Sept. 1 ,1 8 9 6 . 'N orth'* St, s.

S r t o I B rii’n .

S*vana*b. A c c t i f i r a o F lorida, * o . N ew Y ork ..B o s to n ____?h U * ., A c ..

T o ta l. . . . .

F r’ net4c . Total. O rta! Tr>ntc\

Bril'n ! 4 c . Totat-

T ota l 1895-6 130

......... 15.0291 3,176

..........| 2 ,933, ...........

......... 11,793 7 ,305......... 13,840 . . . . . .......... 3,8371 102

47,421,70,843

330 42.350 7 ,372

Week. i Sine Sept.1

18.204, 165 30.5392,933, ........... 2 ,256......... ......... 6,733

19,158. ....................13.840 .................... .

3A 29

105,39,528

......... 40,090T h e A tM ictJL T C R A L D e p a r t m e n t ' s A c g c s t R e p o r t . — T he

f o l l o w i t g s t a t -m e n t , s h o w in g th e c o n d i t io n o f c o t t o n , w a s t e u e d b y th e D e p a r tm e n t o f A g r ic u ltu r e o n A u g . 10 ;

T he return* far cotton »» the D epartm ent o f Atrrlcaiture tndt<*»te an average uonniltiott o f 8 6 9 on A eg . 1 « * com pared s nil 8 - 0 on July I , an S e r* »* e o f v (oe- tenth* Of ohe point. The uverA*wODOdlti»B Ang 1, 1696, w as 80-1 , and the average eondttivn on A ug, 1 for the last ten year* 1* ie -1 .

T h en ha- been * dr elded im provem ent in G eorgia , N orth Carolina j and S on in t 'o rrH n a . w here ihe condition* b « v * o i i w e - i ten. - w o 1 a n d » l* T>o*w»* In: the lo w e r Y srtiv the im -1provem en l Is m uch le*» m arket, ami In T exas then la a decline o f b np oto W, The average*, o f the M ate* a re m foil *w- ■ V irgin**.» » ; N orth C arolina, it ; so u th C arolina, 92 ; (teorgla , o f ; F lorid*. 8 ? : Alabama,, 88| M ississippi, 8ft; 1 ouM an a. 9< : T exas, 7 - : Atk*h*i>», i(T; ream;-*- M e, M : M b .- io i fh e f ; IndD n T erritory . 94 ; O klahom a, 86.

1897. 189(4. 1804.States. 1

zZh ,

" i ■a*SS

%■1 s

*8* ,3S '

4as.s H

mm %4

% *% •*» *ht mm *■% %

Virginia .. 87 m 91 h i m 6" HO h\ 97.

8? 96No. 84 90 97 mt i m m 61 74 a 81 91 mSo. f nn.Un* .97 m »2 97 m 8* 72 §4 81 m m 95

» : : : :94 **» 95 94 02 m g$ 8» 76 71 >5SB 80 88 85 m m m IK 9*Z 0*2 03 93

AhiXmmn. . . . 83 85 s - ion m 88 95 m Hi 88 37 fitMississippi. 79 m BB 104 n « lh m M3 91 8** 97Louisian*. 5 m 90 m I'M 7i> -ft 7- 7 1 95 04 96Texns.. . . . &’ m 7?s 80 69 79 70 71 ill 90 15A tk axp tm .. m m 90 i n D t m m 08 80 9 ‘ 9? mT v n n .. c « , . 77 BO 94 119 107 8P 97 92 if) 78 73 94M issouri. ,. 99 95 . Kft 1n %0 80 . . . 86 Ofl 81 96O k la h o m a . Indian T e r ..

7 1 85

m93

81< .

92

S i

19 ... 100 96 93

A v e ra g e .. 83 5

!i1IS

97 -2 *0*1 91 -Os82*3 7 7 -P 89*3 SO-fi !U*8

T h e A u g u s t 1st a v e ra g e s in e a r lie r y e a r s f o r a l l th e S ta te s w e r e , a c c o r d in g so t h e A g r ic u lt u r a l I )a p a r t m e n t , as f o l l o w s : 80*4 in 1893; « 2 A in 1892; 88 y m 1891; 89*5 in 1890; 89*3 in 1 8 8 8 ; 87*3 in 1888: 93*3 in 1887 ; 81*3 in 1836 a n d 96*5 in 1885,

G o v e r n m e n t W e e k l y C o t t o n R e p o r t , — M r. W . L , M o o r e , C h ie f o f th e W e a th e r B u re a u o f t lw A g r ic u ltu r a l D e p a r tm e n t , m a d e p u b l i c o n T u esd a y th e f o l l o w in g t e le g r a p h ic r e p o r ts o n t h e c r o p in th e S o u th e r n S ta te s f o r th e w e e k e n d in g A u g , 9 :

ViROtsiA.—The pint week v a « too dry In tidew ater cou n ties : in the ■middle >nd great valley coim tie* show ers have im proved all crops : rain and hail n orm a on lh « 5th caused oooeM erable dam age to co l Ism.

No r t h < a a otn iA .— som e dam age by drought, hut all crops reDeabnd and im prove,! by rains at end o f w e e k : oniton flow, very heavily fru ited , *ome shedding, h o t plants free from disease and insects, few bolls open in g in ex trem e southern p o t io n .

Uo c t ii *:» s o i l A.—First o f week too hot and dry for cotton , causing e xcess ive shedding, la tter portion favorable, p ick ing begun in cast, pettier,,

( .• o r o u K te c—i> • heat gad dry weather first h a lf o f week injnrl- 08* PitUi * fOSs espeet •ily O'utori, tMusihg ft to shed form s and yo D ig fru it: : im)

FLttRrtoa.—E xcess o f heat, with goiiBfailf m m lw ate show ers, oh ir- veterf?*"; w eek; • ••ttoti shO ddiog,}though ' o a the w hole the crop 10

g o o d ; Staple open ing free ly on uplands; first bale o f new ootton marketed.

Alab am a .— Cotton op en in g rapid ly , p foking started, and severa l ilJ'.'t Im e- ,, -i :■ ■ ■ 'i lc i itu ivi-,-k ; , msiii c ra n!c c,ntv ,1 ;d , 11 of shedd in g, wM ch may be clun k ed b y fa irly general ram s o f last few days.

M i*.Hi**u*pL - W eather gens rally fa vora b le ; slight iooat dam age b y heavy ra w s and wind : cotton opening fast and p ick ing becom ing m ore general, tew reports o f shedding, rust and w o rm s ; first, baies o f ootton bring received a d m arketed

Lm iraivx.*.—H ot, d ry week, w iili on ly scattered show ers; crops n -ed rain over greater portion o f S ta te ; co tton be in g injured by la ck o f ruins, i lik in g becom in g m ore gen era l; som e shedding and rust north , but orop g >od south.

T a x vs.—1 om inuous drought, w ith high tem peratures, in juring agri- cult, tr >! interests in »U p ortion s ; cotton very irregular in size and ........ . ..............ing f d rh well rm too torn iand, bur. sutteiiug seri­

ously cm n piand; pi -nt- h a s Stopped grow ing generally and Is shedding laav. s, form s and holla, and ov er southern por ion bolls opening pre- m aturely : pivkii z progressing rapidly over southern and cen tral por- lio s an t crop com m enced open ing o v u n o r ih ir o poriion.

A rk an sas ,—Gw d m in s fel in m ost portions o f State, though aome lo ca iiiW r> (reived n o n e ; w li-re no rain fe ll all crops are so S eein g; ootton has Im proved genera1 It and prom ises a fa ir orop, e x c e p t in localities on upland, where shedding con tinues; co tton op eu iog aud first, bales ns n tren d ; cotton worm s reported in Jefferson C ounty, but no d m age yet.

T k n m ;s- e k .—Good ruins iu eastern and m iddle sections, w ith high temperature, prom oted grow th , but m ore rain needed in central basin to develop c »ro and other crops; in southern counties o f western aeo- t io « drought, w ith cX '.u --ive heat, D bee intng ruinous, som e crops beyond recovery and ,-ott o shedding squares rapldlj and you n g bolls opening prem aturely; elsew here eruo go. d.

Ok l a b o r * .—Dry w eather has caused early ootton to shed in som e counties o f m ot hern i i iln n , but generally tile crop is in due con di­tion, plants h -a v ily laden with bods, which have beg in to op-»n.

Mtssottkt D rought continues in som e southwestern and in a few eastern and northern c ,u n ties ; elsew here good show ers; ootton doing well.

These report* are sum m arized a* fo llow s;E xcept ov er p o ttto u a e l N orth Carolina, F lorida, Tennessee. A rkan­

sas, 511-smirl and Oklahom a, where cotton has m ade fa ir progress, the post week has not been favorab le to tilts staple Omnpl tim e o f gilfld- dlnv are general over the southern portion o f the belt, w hile worm s ami rn*t ar<* reported ftwin sonic sections. In Texas. Louisiana and A ikantaa co tton on up laods is sufiering seriously from drought. P ick­ing is b,-com ing general over s utile u and antral northing o f iho oot- ton M-gioo a d first bale* were m At killed durin g the Week in A labam a, MisolfSippi, Arkansas anil Florida.

S t a t e W e e k l y C o t t o n R e p o r t s .— 'W e g iv e b e lo w s u m ­m a r ie s o f th e re p o r ts f o r th e w e e k e n d in g A u g u s t 9 issu ed b y th e va r i us S tn t a u n d e r th e a u s p ic e s o f th e W e a th e r B u re a u o f th e U n ite d S ta te s D e p a r t m e n t o f A g r i c u l t u r e s o fa r a s t h e y a p p ly t o c o t t o n .

Vi8<H.viA.--R*-pnrt* fo r th« past week indicate a general tiood o f rain hml a poor crop grow th o v e r tho tlbow atarou an ite* . but ooaiston& l ihow cr* in tile Middle and (Treat V alley oountius have Im proved ail crop*, especia lly ootton .

North C a r olin a .—’The w eek wa* warm and general!}* dry up to the 6 th ,a fter which fin« rain* fe ll ov r the entire Sluts. wl*h » d folded f ill to tem perature, file rainfall was greatest over tun southern half o f the » iu*h, averaging anout 1*515 toebev. Som s d*m i n «r«» osAa-nt b y the drought ov e r limited ~-att"U*. bu t on ip* are now revtvsd and doing very well C otion i* very heavily fruited; som e boils are open in Rich­m ond C unty.

Ho l t h I!a * « H * a .—The first o f tlia week w a i too h ot and d ry fo r cotton , which hwt eouditino, dite to e x iSMlVS shedding o f loaves, «qu»rs», and in a few lisA'ikui'UA o f voting b ills . Pro u >tu o m n iu s » * « also rep otted » hat till* was largely oheoked by m « tim ely rains and <-t olar. c lou d y vn aihor I’ t.-kiug has n,:,gu a ctive ly tu tne e x ­trem e e s s ie ro con , U*«. bu t w ll not be general o v e r tii-i Scat • fo r M»tn« tim e to com e in Edgefield County bxick spots nave ippnared. on the holt*, ti tying the appearance o f rot and iff,so luz the unt aud seed*. Tim disease la new • > her-rai >n. nod in ns yet, not v try preva­lent. There, are m any report* o ' o s s n * » ir « “ weed** w ithout • aorrs- n p o iid in g p ro p o r ilo a o l fra it, while -o t*u co iteu U generally naaylly friilicii,

< s> ■ ikoea.—D uring *h« past seven day* the general weather oondlU ons hnvo i,~ n less f vorah 'o to fanners. The tem uerature and «un*hlue were iitiov., uorm t . a tide the ntiiim t o f raiur'i 1 w n s ta tll, nud as a con* queuco th- effect* on c r o p - were som nw het detrim ental Ootton m il G in y good, i.'ii ha - m ad " but lu te im provem ent, aud in som a section* ho* received a deebted s e tb a ck There i* sonss rust on pine land 001100- The twits a m op en in g p.Mni«tiiraty i , a good t» »oV iooal- Hies. T iea lu g has coam ici-cet! in som e o f the southeru eoun iies and ttMBftcrt'teo ba» been sold

F t o i t i i o ...An i o f heat, w ith gen era lly m oderate show ers,characterised the wee*. C otton shedding, though on the Who e the crop w g o o d ; first ba n o f new cotton m a rk eted ; staple open ing freely on npia . d*.

ALa b a M i .—Tem perature* eon tinned qu ite high with a m ole sanshlna over tin* lion during the v e i l , ' part o f 111, week and Drops were p -cm atu rei, advanced th ercby .h u t cooter weather With f i l r ly general rains during the last t wo day * were beneficial, to the a o n o ,ro por- I for, o f the S t i f f crop* .re re o f ted »* to ex cm L oyally prom ts n s con ­dition. Cotton i- h avl y (ratted , but in c-n tra l anil s o u 'b e a odon­tic* there is a general contentin', o f Shed ting and print** ire op e d ig an d sotte lU tIn r ii.it ; pb king h is startcil lo the southern t u l f o f tbs S ta te and several " f ir s t" bain* have Item already (u-irkated.

M ississii-pi —W eather generally favorab le . Cotton opening fast and piektog hecouiing m ore general. i*ir*t bales eortoii being receive ,! and m arketed. Few report* o f *li dditig, rust and worms.

XhVteiAitA—Som e e tfon i , reimrhMl o p eu iog oreoiaturft!v by reaston o f the hot and dry weather, » o d som e dam age from shedding and rnat h i , a lready been sustained by the orop over the drough portion o f North Lonbdana, In tlie southern parishes tUeurop i* imioh batter, good yield* being e xp ected Picking o f the staple w ill be f airly gen­eral during the current week. The orop on iow laud* tu north Louisiana is genera lly uitioh better than on hill Dnd*.

T b x a s .—I’oiiHnuous drought with high tem peratures in ju iin g agrl- cnH "ral interests m a), portions. C otton vary lrrogul*r in «iza and condition ; crop doing fa ir ly w ell o i hottem lauds, But suffering je t i- onsly on uplands: plant, stopped grow ing generally nod sheading leaves, form * and boll*, and ov e r *outhern portion hulls open ing preina- turnly; picking priigresaing rapidly over southern and central portions, and crop com m -n o -d open ing over northern portion.

TgxsKssv.K —G ood rains fe ll generally throughout the E istera and Middle -notions during the week, and, fo llow in g t in warm son-ditue, quite an im petus was given to the grow th o f young orop*. and i ln de- velopm outnr »h »o j morn advanced tow ard m aturity , f n the Central Busin o f th. Middle SectionTlte tains w ere m ore o f a ion* o h ir utter, nod, n« a rem it, the e nro still som e looallUe* that have nit been blessed with snfiieient m oisture, b u t there has been a gr* it i uprove- menc in condition* , eerie all over the State, eveept. iu the soutliera tier o f counties, rsp reU ily those o f the western seotl *n, where the ftevern drought v o ,, '.Itlue, iinlirckmi, and com bined With coo iu teose heat o f the w o-k Im * bSnome po«itivoly ruinous, and tom e crops are eotte bnvond redainp, ion. C otion lit this region i* shedding sq tw os teal tuily. nod young boils are o o to i ig prom ituroly; iu other po.-Moas o f this *“ ction , and in tin* m iddle section , the orop i* ta fair ooodiclon and reported fru iting well.

T H E C H R O N H L E [VOL. L A V .* 8 8

Akkakfas.—Though abundant rains have fallen in most localities yet tlif re art* some where very little has fallen and whore it is much needed. Cotton ha-* improved generally, though tome shedding is still reported on the uplands. Cott n w. rms reported Id Jefferson County, but have done no damage as yet. Cotton is fruiting well and opening, two tales ha iDg been marketed at Hope during the week, the lirst 01 the seasonOklahoma and Indian Territory.—Cotton throughout old Okla­homa, the eastern and western sections, is in the very best condition. The stalks are large ard well branched and heavily ladened with bolls from top to bottom. The first bolls formed ate alreadv opening and the outlook is flatteiing for a large orop. No boll worms have yet ap­peared, nor has any eh*dding-been reported. Iu the southern section the early cotton In many places Is reported not to have done so well during the past week, having been almost at a standstill, or showing but little growth. Some shedding Is also ieported, and fears are enter­tained that much more will shed. „

Mibsoi Hi. -Cotton Is reported doing finely iu Stoddard and Pemisoot Counties.

E u r o p e a n C o t t o n C o n s u m p t io n t o A u g u s t 1 .— W e h ave r e c e iv e d t o -d a y (F r id a y ) b y c a b le M r. E llis o n 's f ig u re s b r o u g h t d o w n to A u g u s t 1. W e h a v e a lso r e c e iv e d t h e r e v ise d to ta ls f o r la st y e a r a n d g iv e th e m f o r c o m p a r is o n . T h e s p in n e r s ’ t a k in g s in a c t u a l b a le s a n d p o u n d s h a v e b e e n as f o l l o w s :

October 1 to A ug. 1. Great B ritain. Continent. Total.

F or 1896-97.Takings by spinners...bales Average weight o f bales.lbs Takings In pounds.............

2,835,000198

1,411,830,000

4,017,000477

1,916,109,000

6,852,00. 485 7

3,327,939,001F or 1895-96.

Takings by spiuners...bales Average weight o f balea.lbs. Takings In pounds...... ....... .

2,855,000497

1,419.218.000

3.672,000471

1,729,775,000

6,527,00 482-5

3,148,993,0 0A c c o r d in g t o th e a b o v e , t h e a v e r a g e w e ig h t o f th e d e l iv e r ! * s

in G r e a t B r ita in is 493 p o u n d s p e r b a le th is s e a so n , a g a in s t 497 p o u n d s d u r in g th e s a m e t im e la s t s e a so n . T h e O oacm etD a l d e l iv e r ie s a v e r a g e 477 p o u n d s , a g a in s t 471 p o u n d s la st y e a r , a n d f o r th e w h o le o f E u r o p e th e d e l iv e r ie s a v e r a g e 485■7 p o u n d s p e r b a le a g a in s t 4 83 '5 p o u n d s la s t s e a so n . O u r d is p a tch a lso g iv e s t h e fu l l m o v e m e n t f o r th is y e a r a n i lat t year in bales o f 500 p o u n d s .

Oct. 1 to A ug. 1. Bales o f 500 lbs. each,

000s omitted.

1896-97. 1895-96.Great

BritainConti­nent. Total.

GreatBritain

Conti­nent. T ot.

Spinners’ stock Oot. 1 24, 277. 301 67 535 602Takings to Aug. 1__ 2,824 3,832 6,656 2,838 3,460 6,298Supply..................... 2.818. 4,109. 6,957 2,905 3,995 6.900.Oonsumpt’n,43 week* 2,731. 3,526, 6,257 2,752, 3,432 6.184Spinners’ stock Aug. 1 117, 583 700 153 563. 716Weekly Consumption,

00 s omitted.In October............ 64,0 82,0 146,0 64.0 79,0 143,0In November......... 64,0 82 0 146, > 64,0 79,0 143 0In Deoember......... 64,0 82,0 146,0 64,0 79,0 143,0In January............ 64,0 82,0 146,0 64,0 79,0 143,0In February........... 64,0 82.0 143,0 64,0 80,0 144,0In March............... 64.0 82,0 146,0 -64,0 80,0 144,0In April.................. 64,0 82,0 146,0 64,0 80,0 144,0In May................... 64,0 82,0 146,0 64,0 81,0 115,0In June.................. *64,0 82,0 146,0 64,0 81,0 145,0In July.................. 64.0 82,0 14 V> 64.0 81,0 145,0•Aver ge weekly consumption is as given oy dr. Blilson; deduoiion

from mouth’s total bsiug made on account of holidays.Bhipping News.— T h e e x p o r t s o f c o t t o n f r o m t h e U n ite d

S ta te s t h e p a s t w e e k , a s p e r la t e s t m a i l r e t u r n s , h a v e r e a c h e d 3 ,195 b a le s . S o fa r as t h e S o u t h e r n p o r t s a r e c o n c e r n e d th e se a r e t h e s a m e e x p o r t s r e p o r t e d b y t e le g r a p h a n d p u b lis h e d in t h e Chronicle la s t F r id a y . W i t h r e g a r d t o N e w Y o r k w e in c lu d e t h e m a n ife s t s o f a l l v e s s e ls c le a r e d u p t o T h u rs d a y

New York—To Liverpool, per steamer Nomadlo, 28 .......___ 28To Hull, rer steamer Buffalo, 400 ....................................... 400To Manchester, net steamer Flaxman, 2 ............................ 2To Havre, per steamer La Champagne, 401......................... 401To Bremen, per steamer Bremen. 2 0 0 _ ................. 2 0 0

■ To Genoa, per steameis Erne. 568 .. Pocasset, 350 ........... gigNew Orleans To Liverpool, per steamer Astronomer, 668 668

To Hamburg, per steamer Markomannla, 138.................... 138To Antwerp, per steamer Cayo Romano, 50. ...................... 5 o

Nobfoi k -T o Hamburg, per steamer Ounla, 100.................... * iooPhiladelphia—To Liverpool, per steamer Indiana, 300 .......1 300

Total ........ . 3,195C o t t o n f r e ig h t s a t N e w Y o r k t h e p a s t w e e k h a v e b een

a s f o l l o w s .

Batur. Mon. Tues. Wednes. Thurs. Fri.Liverpool,asked.<1.Havre................ e.Bremen............. d.Hamburg.......... d.Amsterdam....... e.Beval, v. Hamb..d.

Do v. Hull.-.d.Rotterdam....... d.Genoa...............d.Trieste...............d.Antwerp............d.Ghent.v. A ntw'p.rf.

12t301-21*24135136133*30124*

28330**8

5„„

12*30®35t

24125*35)40*13M35*25130*S33V

12130985f

24t25135t40113643512513015328i«

12t30»35t

241 251 351 40t 138435t25t3015323i«

12t309351

24*25135t40113s«35t25*30tBss

12130®35t

24*25*35*40t13e<35*25*30!5S3

Cents net per ICO lbs.

L iverpool.— B y c a b le f r o m L iv e r p o o l w e h a v e t h e f o l l o w ­i n g s t a t e m e n t o f t h e w e e k ’s s a le s , s t o c k s , & c . , a t t h a t p o r t .

J u ly 23. J u ly 30. A ug. 6. Aug. 13.Sales of the week.........bales.

Of which exporters took... Of which speculators took.

60.000 56,000 5,600, 2,900

600 1,80054.000 51,000 11,000, 11,00053.000 51,000

774.000 721,000653.000 604,000

5,000 9,000 2,000| 5,000

21.000 19,00014.0001 12,000

47.000 55,000 3,300 4,700 1,400 600

42.000 48,00012.000 8,00045.000 52,000

670.000 616,000554.000 502,000 11,000, 5,0007.000 1,000

11.000 10,0006.000 6,000

Forwarded.............................Total stock—Estimated.........

Of which American—Estm’d Total import of the week___

Of which American............T h e t o n e o f t h e L iv e r p o o l m a r k e t f o r s p o t s a n d fu t u r e s

e a c h d a y o f t h e w e e k e n d i n g A u g . Id a n d t h e d a i ly c l o s in g p r i c e s o f s p o t c o t t o n , h a v e b e e n a s f o l l o w s .

Spot. Sat. day. M onday. Tuesday. W ed'day. Thursday F riday.

Market, ) 1:45 p. m. C Harden’g. In buyers’ favor. Quiet. In buyers' favor. Quiet. Easier.

Mid. Upl’ds. 4°ie 4932 4982 4932 4"32 4?32-7,000

50010,0001,000

8,0001,000

10,000 8,000500 8,009

500Spec. & exp. 1,500Futures. Market, (

1:45 P. M. (Steady at at Dart'lly 1-64 adv.

Quiet at 1-H4 (3> 2-64 decline. Quiet. Easy at partially L-0 1 dec.Easy at 1 64 ,u 2-64 decline.

Weak at 1-64 de­cline.Market, } 4. P. M. )

Quiet but steady. Quiet but steady. Quiet. Quiet. Steady. Steady.

T h e p r i c e s o f fu t u r e s a t L iv e r p o o l f o r e a c h d a y a r e g i v e n b e lo w . P r i c e s a r e o n t h e b a s is o f U p la n d s , L o w M id d l in g c la u s e , u n le s s o t h e r w is e s ta t e d .

A u g . 7 to Aug. 13.

Sat. M on. Tues. W ed. T liurs, F ri.1212 1 1:45 4 1:45 4 1:45 4 1:45 4 1:45 4P. M. P. M. P.M. P.M. P. M. P.M. P. M. P.M. P.M. P.M. P.M. P .M ,

d. d. d. d. d. d. d. a. d. d. d. d.August....... 4 14 4 14 4 13 4 13 4 12 4 12 4 12 4 11 4 09 4 09 4 07 4 07Aug.-Sept... 4 10 4 10 4 08 4 09 4 08 4 07 4 06 4 06 4 04 4 04 4 02 4 02Sept.-Oct. .. 4 03 4 03 4 01 4 01 4 00 4 00 3 63 3 63 3 61 3 61 3 59 3 59Oot.-Nov__ 3 61 3 61 3 59 3 59 3 58 3 58 3 57 3 57 3 54 3 51 3 53 3 53Nov.-Dee__ 3 58 3 58 3 56 3 56 3 55 3 55 3 54 3 53 i 51 3 52 3 50 3 51Deo.-Jan__ 3 57 3 57 3 55 3 55 3 54 3 54 3 53 3 52 3 50 3 50 3 49 3 49Jan.-Feb__ 3 57 3 57 < 55 3 55 3 54 3 54 8 58 3 52 3 50 3 50 3 49 3 50Feb.-Mch.... 3 57 3 57 3 55 3 56 3 54 3 54 3 53 * 53|3 51 3 51 3 49 3 50Mch.-April.. 4pril-May...

3 58 3 58 3 56 3 56 3 55 3 55 3 54 3 53 3 51 3 51 H 50 3 503 5« 3 59 3 57 3 57 3 56 3 56 3 55 3 54 3 52 3 51 3 51 3 51May-J une... 3 60 3 60 3 58 3 58 3 57 3 56 3 55 3 55 3 53 3 53 3 52 3 52June-July... . . . . . .... . . . .

B R E A D S T U F F S .Fr iday , A u g u s t 13, 1897.

T h e r e h a s c o n t in u e d a fir m m a r k e t f o r w h e a t f l >ur a n d p r ic e s h a v e fu r th e r a d v a n c e d . E a r ly in t h e w e e k o n ly a v e r y m o d e r a te v o lu m e o f b u s in e ss w a s t r a n s a c te d ; s u b s e q u e n t ly , h o w e v e r , th e d e m a n d b e c a m e m o r e a c t iv e , a s b ltd th e h o m e tra d e a n d s h ip p e r s s h o w e d m o r e a n x ie t y t o a c q u ir e s u p p lie s a n d p r ic e s a d v a n c e d 1 0 c . to 2 0c . p e r b a r re l , s p r in g p a te n ts s e ll ­in g u p t o $5. C it y m ills h a v e b a d a fa ir ly g o o d s a le a n d p r ic e s h a v e im p r o v e d . T h e r e h a s b e e n a fa ir ly g o o d d e m a n d fo r r y e f lo u r a n d v a lu e s h a v e a g a in a d v a n c e d . O n ly a l i m ­ite d v o lu m e o f b u s in e ss h a s b e e n t r a n s a c te d in th e m a r k e t f o r c o r n m e a l, b u t p r ic e s h a v e b e e n u n c h a n g e d a n d A rm ,

T h e r e h a s b een a n a c t iv e s p e c u la t io n in th e m a r k e t f o r w h e a t fu tu r e s a n d th e re h a s b e e n a fu r th e r s h a rp a d v a n c e in p r ic e s , th e s t r e n g t h o f th e s itu a t io n b e in g b a se d o n th e p r o s ­p e c t iv e s h o r ta g e o f s u p p lie s f o r th e E u r o p e a n m a r k e ts . E a r ly in th e w e e k th e re w a s a s l ig h t ly w e a k e r d r i f t t o v a lu e s , as c a b le a d v ic e s c a m e a tr if le w e a k e r a n d th e re w a s a t e m p o r ­a r y lu l l iu th e e x p o r t d e m a n d , w h ic h p r o m p te d r e a l iz in g s a l-s b y lo n g s , T u e s d a y , h o w e v e r , th e m a r k e t t u r n e d s tr o n g a n d p r ic e s a d v a n c e d s h a r p ly a c c o m p a n ie d b y a n a c t iv e s p e c u la t io n , as th e re w a s fr e e b u y in g s t im u la te d b y c r o p d a m - a g e re p o r ts b o th f r o m F r a n c e a n d th e N o r t a w e s t , s t r o n g e r ca b le a d v ic e s a n d re p o r ts o f a la r g e e x p o r t b u s in e ss t ra n s a c te d h ere a n d a t o u t p o i t s . T h e c lo s e s h o w e d p r ic e s 1 % 323*jC. h ig h e r f o r t h e d a y . W e d n e s d a y th e r e w a s s o m e e x ­c it e m e n t t o th e t r a d in g a n d a fu r t h e r s h a rp a d ­v a n c e o c c u r r e d in p r ic e s . C a b le a d v ic e s a g a in c a m e d e c id e d ly h ig h e r a n d b r o u g h t b u y in g o rd e rs f r o m th e U n it e d K in g d o m , a n d th e W e s t w a s a f r e e b u v e r . T h e C o n t in e n t , h o w e v e r , w a s r e p o r te d as a la rg e s e lle r ; p r ic e s f o r th e d a y s h o w e d a n a d v a n c e o f l% @ 3 J ^ c , T h u r s d a y th e re c o n t in u e d an a c t iv e m a r k e t a n d p r ic e s fu r th e r a d v a n c e d in re s p o n s e t o s t r o n g e r f o r e ig n a n d W e s te r n a d v ic e s , m o r e p a r t ic u la r ly th e la t t e r , w h e r e sh o r ts f o r S e p te m b e r d e l iv e r y w e r e fr e e b u y e r s t o c o v e r c o n tr a c ts . T h e c lo s e w a s f ir m , w ith p r ic e s h ig h e r f o r th e d a y , T o -d a y t h e m a r k e t o p e n e d fa ir ly a c t iv e a n d h ig h e r in r e s p o n s e t o s t r o n g e r f o r e ig n a d v ic e s a n d fu r t h e r b u y in g b y s h o r t s t o c o v e r c o n t r a c t s .

S u b s e q u e n t ly , h o w e v e r , th e re w a s f r e e s e ll in g b y lo n g s t o r e a liz e p r o f i t s a n d t h e m a r k e t w e a k e n e d , c lo s in g lo w e r f o r t h e d a y . T h e r e h a s b e e n a n a o t iv e b u s in e ss in th e s p o t m a r k e t , as s h ip p e r s h a v e b een la r g e b u y e r s . T o d a y th e m a r k e t w a s a c t iv e . T h e sa les in c lu d e d N o . 2 re d w in t e r a t 92c. f . o . b . a f lo a t . N o . 1 N . Y . N o r t h e r n w a s q u o t e d a t 9 4 c . f . o . b . a f lo a t a n d N o . 1 D u lu th N o r t h e r n a t 9 4 V c . f . o . b . a f lo a t .

T H E C H R O N I C L E . 2 8 9AUGUST 14 XS»7,]

DAILY CLOSING FHIOBS OJ? SO. 2 BED WINTER WHEAT.Sat. Mon. Tims, Wed. Ik u rs . F ri.

A ugust d e livery .................c ........... 85 87*9 91% 9 1% 90Septem ber d e liv ery .........e. 83*8 81% 88% 88% 8 9% 88O ctob er d e livery .............C............. 83% . . . . . ----- 88% 87%D ecem ber d e liv ery ......... c. 83 84 85% 87% 8 s % 86%

T h e r e h a s b e e n o n ly a l im it e d a m o u n t o f t r a d in g in th e m a r k e t f o r I n d ia n c o r n fu t u r e s , b u t p r ic e s h a v e a d v a n c e d in s y m p a t h y w it h th e s t r e n g t h o f t h e w h e a t m a r k e t a n d in re s p o n s e t o s t r o n g e r f o r e ig n a d v ic e s . C r o p p r o s p e c t s h a v e b e e n g e n e r a l ly f a v o r a b le , a n d a t th e c lo s e p r ic e s e a s e d o f f a f r a c t io n u n d e r r e a l iz in g sa les b y lo n g s . In th e s p o t m a r k e t th e re h a s b e e n a f a ir ly la r g e v o lu m e o f b u s in e ss t r a n s a c t e d , a s e x p o r te r s h a v e b e e n b u y e r s a n d p r ic e s h a v e a d v a n c e d w it h fu t u r e s . T o - d a y th e re w a s o n ly a l im ite d d e m a n d . T h e s a le s in o lu d e d N o . 3 m ix e d a t 34.' f o . f , o . b . a f lo a t . N o . 3 m ix e d in e le v a t o r w a s q u o t e d a t 3 2 % c .

PALLY CLOSIN''} PRICES O f SO. 2 MIXED CORN,

A ugust delivery .. S eptem ber dellvi

S a t Mon. Tues. Wed. th u rs . F ri.31% 31% 31% 31 ’ a 32% 32%

c. 31% 31% 33% 32% 33% 32%©. 3*-*% . . . . ___

*e. 33% 33% 34% 36% 33% 35%

O a ts f o r fu t u r e d e l iv e r y h a v e b e e n q u ie t a n d , d e s p it e th e fa v o r a b le c r o p p r o s p te t s a n d th e in d ic a t io n s o f a la r g e r y ie ld , p r ic e s h a v e m a d e f r a c t io n a l g a in s in s y m p a t h y w i t h t h e a d ­v a n c e in o t h e r g r a in s . T o -d a y p r ic e s e a s e d o f f a t r i f le , fo l lo w * iD g th e r e a c t io n in w h e a t a n d c o r n . T h e s p o t m a r k e t h a s b e e n f a i r l y a c t iv e , as s h ip p e r s h a v e b e e n b u y e r s a n d p r ic e s h a v e r u le d s te a d y . T o -d a y th e re w a s a f a ir ly a c t iv e m a r k e t . T h e sa les in c lu d e d N o . 3 m ix e d a t 3 3 ,t fc . in e le v a t o r a n d N o . 2 w h ite a t 2 4?4 '® 3 3 c. in e le v a to r .

DAILY CLOSI1IO PRICES O f SO. 2 MIXED OAT*.Sat. Mon. T uft. We4. Thurt. Fri.

S eptem berdelivery....... o. 21% 20% 21% 21% 22 21%O ctober d e l iv e r y ... .___c, — 21% 21% ......................................

R y e h a s b e e n in d e m a n d f o r e x p o r t a n d h ig h e r . B a r le y h a s b een fa ir ly a c t iv e a n d f irm e r .

T h e f o l l o w in g a r e c lo s in g q u o t a t io n s :

The condition o f spring wheat, 86-7, is 4 5 paints low er than last m onth, but 7 8 points h igher than on A ugust 1, 1896, and 1-5 p o in ts . higher than the A ugust average fo r the last ten years. There is a decline o f eight points in M innesota, eleven, in South D akota , five In N orth Dakota a i d on e in Nebraska.

The average condition o f spring ry e is 89 8, as oom pared w ith 90 last m onth, 88 on A ugust 1. ts 3 6 , and 86-8 fo r th e last ten years.

The average con dition o f oats is 86 , as com pared w ith 87-5 last m onth and 77 '3 on An,"ust 1. 1893. The o m soiidated returns indi­cate that about ten per cent o f the oats crop o f last yea r Is still on hand .

The average condition o f barley is 87-5, as against 88-5 on July 1 , and 82-9 on August 1 ,1 8 9 6 .

The area In buckw heat 18 1-8 per cen t less than hist year, and th econdition Is 91-9, as oom pared w ith 96 at the corresp on d in g p eriod

*T he average condition c f potatoes has fa llen du rin g J u ly from 87-8

to 77-9, w hich latter tigure Is 10-9 points low er than on Aug. 1. 1896.The condition o f tob a cco , tak in g the cou n try as a w hole, is prac­

t ica lly unchanged, the con solid ated returns ind ica tin g 78-7 per cent o f a full c r o p , as com pared w ith 78*5 per cent last m onth and -6*5 per cent oo A us. 1 ,1 8 96 . K en tu ck y show s a d eclin e o f three points, b u t V irg in !* and N orth C arolina have im proved their con dition seven and s ix points respectively .

The total area o f the hay crop is 1*9 per cen t less than last year. N ew York. Pennsylvania. Ohio. M ich igan, Indiana and W isconsin show a slight in crease , but th is Is m ore than offset b y the deorease in Illinois, Iow a, M issouri, Kansas, N ebraska, the tw o Dakotas and Cali­fornia,

The condition o f the rice crop o f L ouisiana is 84, of. that o f South Carolina 77. o f G eorgia «2 .

The ocn d b lo o or the apple crop Is in the m ain very un favorable . Ohio and M ichigan have Utile m ore than one-third o f a fu ll o top , Penn svivania sligh tly un der and New York slightly ov er half a c r o p , and V irg in ia a id K entucky each about tw o-th ird ,. R eports from severa l points In Canada indicate a short crop o l the larger fru its, p articu larly apples, both lu Ontario aod the m aritim e prov in ces .

There are few sections o f the cou n try that do n ot rep ort a fa ilu re , m ore or less m arked, to the pouch orop.

T he average con d ition o f pasture* is very high, an average e x e t c l in g or closely a p proach ing 100 being reported from three-fourths o f the States.

E x p o e t s o f B k e a d s t o f f s , P r o v i s i o n s , C o t t o n a n d P e t r o l e u m . — T h e e x p o r t s o f t h e s e a r t ic le s d u r i n g t h e m o n t ho f J u ly , a n d t h e s e v e n m o n t h s , f o r t h e p a s t t h r e e y e a r s , h a v e b e e n a s f o l l o w s :

P in o ............................$2 25Superfine.................. 2 4 0E xtra , No, 2 . . ........ 2 75Extra,, No. 1 ........... 3 15C le a t* ........................ 3 75Straight*....... .......... 4 05Patent, S p r in g ... . 4 60

S’LOUR.if 2 85 it 3 0O its 35 * 3 75 * 4 05 -a l 50

(W heat flour iu sack* *ell* a t price* below those fo r b arre l* .) OKA IN

Patent, W inter....... $4 50 M 00C ity m ills, ex tra s . $ 0 0 # 5 10 R ye ISour, superfine 2 50 » 2 90B uckw heat d o u r ............... *» . . . .C ora m e* !—

W estern , e t c ......... 1 6 3 * 1 9 5B aml> wine . . . . 2 00

C « » . per hush— c. c.W estern m ix ed .............3 l% * 3 4 %N o. 2 m ix e d ...................32 «3 3 %W estern Y ellow ........... 32 <*35W estern W h ite .. . . . . . .3 * 3 * 3 5

R y e —W estern, per bu*h .. .4 8 % A 4 9 State and Jersey . . . . . 4 4 0 49%

B a rley—W e ste rn ........... 47 i t 19F e e d in g ..........................3 6 % » 3 7

A o b i c u l t v r a l D e p a r t m e n t ' s a u g u s t R e p o r t .— T h e re­p o r t o f th e D e p a r tm e n t o f A g r i c u l t u r e f o r A u g u s t l r e s p e c t ­i n g c e r e a l c r o p s w a s issu ed o n A u g u s t 10 a s fo l l o w s ;

Wheat— e. e.Spring, per bu*h . . . . 86 * 9 5 Pood W inter, No. 2 ....88% S s92Red W inter........... . 85 # 9 3N orthern, Vo 1 ..........9 1 * 9 4 %

O af*—M ixed, per bnsth. .2 i*»s»23%W h it e ............... ..............2 3 # 30N o. 2 m ixed ...................2 2 % » 2 3 %S o , 2 w h it e . . . . .............24% -»2S

Bxporttfrom 0 . S.

QuantUOt. W baat.bo»h F lo or ...b b l».W h«»U ..bo.Ooro...bt»»h

T o t. both .

PolUM,W h’tA fioa r . lo r n * m «»la r e .. . ..........h t i i t m l . karley,. . . . . .ar'dituff*.... Provisions•Cotton. ......P itrol’m.Ao

1687,

July, ] 7 Julii.

S.CB7.UIS t8.ISC.39} l'.OOa,«W IU.A2.01#l 171.4} I 7.078.133 1.318.7 U

7 Month*

MWUOO».273.«.u sa .m ,m \ u . i ;#,**>.•>

I2.40}.4(V, llt.800.WS>: 5,CI*,7St

M W M S: 1} <39.1*0 a,is«.4w M StA it

M.rrs.tHt s.6<i,333

41,878,NH7 l78.S78.l4f 17,7«>.C4«t

T.ssa.ass 8 .M »,n 5 S4.l98.iU-; i .m .o s s

9*0,181 2,175.493 107,3741,530 374 4.SW.SJI 4,809.1

S10392 8 ,W 5>H 4K.OS9

96,779AS* 98,39-*,I2l at/m .t-i) SAISAIS*

12.5jt .a f813.-9l.7473.801.343i.ttO .U l

74,876,44954,055,812

155.7112,071

t52,181.07* 23,053,407

152.171 4,944,095 2.213,709

63,958.15994,819.0819S.8r.53035,121,517

1896.J Big. 7 McntHl.

i.SH.SU8S&67S

8,788,8593,894,857

10.080,016 2.081 510

126 138.8(W 100,628

8,500.016 14,020,88“ 1.018070 4,900,065-

38,680.2127,630,042

72.031,40123,488,04600,420,040

$50,704,37212,900,174

350018,071407,188

04,580,10489,847,82403,930.24929.867,698

C orn............................ .................... HI 1 B arley..........................................-.87 -5Spring w heat............................... ..8 6 -7 B uckw heat..................................... 04%Spring r y e ........................................ 80-8 T o b a c c o .................. 78*7O ats.................................................... -8 -0 Irish potatoes ................................77%

T h e c o n d t lo n o f th e v a r io u s c r o p s o n A u g u s t 1 f o r a nerieao f y e a r s is an f o l l o w s :

1397. 1896. 1395. 1891. 1893. 1892. 1891.C orn .................... -----34*2 06 0 102*5 « ' l 8 7-0 82*5 90*8Spring w h eat... ...85*7 78*9 95-9 67*1 07*0 87*3 95*5Spring ry e ........ 88*0 84*0 79*8 73 5 89*8 89*6Oats. . . . . . . . . . . . . 77*3 84*5 76*5 73*3 98*2 89*5B a r le y ............... .....87*5 82-9 87*2 09*3 84 0 01*1 93*8P otatoes............. 94% 87-7 74*0 86*0 9'-1*8 96*5C otton____ . . . . . ....8 6 *8 80*1 77*9 91*8 8<)-l 82*3 88*9T obaoeo 86*3 82*7 74*9 32*4 88*8 88*5B u ck w h e a t...... 9 6 0 8**3 «2*3 83*3 92 9 97*3

The con dition o f corn , 84-2, i* 1*3 point* higher than last m onth, b a t 11*8 point* low er than on August 1 .1 8 0 6 , moil 3 p d ot* low er than the A ugust average f« r the l**» ten year* The principal State .» er-gea are »■* fo llow - 1 Oht . 8 » ; M ichigan. 85: I n d ia n ,,92: UllnuH. 03; Iow a. 7N: Mi -ou rl, s7 ; K * n s« -, 70. a drop o f 20 points <1111118 the m onth; Nebraska, 8 4 ; texa * , 83, a d ecile# o f IS point*: te ttse*s««. 90; K en­tucky, 92

T h « condition o f e.*.i n on Ju ly i and August l in each o f the last live years I* shown in the fo llo w in g :

CONDITION Or COHS.

1897. 1.996. 1895. 1 8 "4 . 1893.State*. #4 -4. -5 W4 A W*

> £ > 3f>at z * at 1 S a ■ 3

-1 H -0 s sn thiols-. S3 82 106 98 106 02 75 99 81 92Io w a . . . 73 73 103 04 107 105 45 100 102 98Missouri „ 87 92 95 91 n s 109 82 101 95 92K arans.. 70 90 109 102 90 101 m 96 82 93Indiana 92 S3 105 I U 100 95 88 08 79 96H efa ask * .. 34 82 108 103 78 85 33 96 84 94O h io . . . . . . ; st> 76 105 106 89 91 79 92 85 93M ichigan. 85 80 m 100 75 90 75 93 91 94W isconsin 90 80 101 102 97 90 68 98 98 95M lonee’ ta 77 70 a? 95 95 97 73 100 101 97T e x a s . . . S3 101 S3 39 113 118 83 94 75 89Tennessee m 90 96 90 110 99 UK) 89 86 92Kentucky 82 97 102 97 113 96 90 00 86 90Pennsyly. 82 74 104 98 90 87 83 82 81 88

A V g e V.B 84*2 82*9 il6*0 92 4 102 99'% 69-1 95*0 87*0 93*2

Tot. value sn.945.97s 3S0.957.076 Xi.646.S4a Ii09.Hll.99i 99,446,840 877,576,835• r-MMMtn« < i» « « io s l l m ouths anil yaars.N0T8.—A ll the a bove figure* are bused ou the m onth ly prelim in ary

rcturnslsc.ied b y the B ureau o f Utatlstlas, am i co v e r a bout 93 per cen t o f th e to ta l exp ort* .

T h e m o v e m e n t o f b ra & d s tu ffs t o m a r k e t a s in d ic a t e d in t h e s ta t e m e n ts b e l o w is p r e p a r e d by* u s f r o m th e f ig u r e s o f t h e N e w Y o r k P r o d u c e E x c h a n g e . T h e r e c e ip t s a t W e s t e r n la k e a n d r iv e r p o r ta fo r t h e we**k e n d i n g A n *. 7 , a n d s in c e A u g . 7 , f o r e a c h o f t h e la s t t h r e e y e a r s . n a v e b e e n a s f o l l o w s :

Receipts a t— Flour. Wheat. Cam. Oars. Barley. Bye.

m,iM itw ih. Bush MU>* B m h M lb s Bu»AJ2t6f B ush .m bs Bu m lbs.C h ica g o ------ 0»\42S 710.100 4,700,876 S.708.319 07,78(1 101,0*3Milwaukee 89.100 218,400 62,460 175,000 10,200 44,400D u lu th ........ 120,400 013,241] *43.134 175.006 70,130 53,184Minneapolis. m b 820,320 25,£K0 270,060 ,» *•*.T o le d o .. . . . . . 781 035,088 861,481 01,230 50,284D etro it .........C levelan d .. .

0,320700

118,86810.316

51,78123,170

11.34331.826

15,523

St. IsOUlS . 24.0«0 680,187 437,670 275,180 240 4,997P eor ia ....... .Kansas City.

4,050 11,400] 188,860 1,272,000; 184.0CO

325,60008.000

1.400

T ot wk.*07. ‘4?*0,1 5.' t>0,!57 6.088,*.% 1 5,147,450 158,750 27S.2S1Same w » .> l. 278,087 8,423,611 4.898.481 1.914*077 228,364 105,0338am® wk.,9S. 130, OSU 2.281,513 1,706.536 2,206,195 29,550 76,988Since A ug. 1.1807,............ 230,123 6,000,157 0,038.001 .5,127,450 158,756 270,2811 8 0 6 .... ,....... 270,087 3,423,511 4,898,184 1,914,677 228,354 105,933183b,........ . 805.440 4,573,780 3,3« 1,4 20 4,503.388 63,091 151,203

T h e r e c e ip t s o f f lo u r a n d g r a in a t t h e s e a b o a r d p o r t s f o r th e w e e k e n d e d A u g , 7 , 1897, f o l l o w s :

& .Flour,

Receipt. a t - t,l,h.Now Y ork................... 12I’.I>|2Boston........................ ».*!.M70Montreal................. 55,076Ph iladelph ia.........(W.x.lBaltimore ............... 70,487Richm ond. . . ......... , . 3,771New Orleans*..,.... 18,749GMBMMtoa...... .... ,M obile. . . . . . . . . . 25N ewport N e w s ... .. . 10,000

Total w eek ,.......H S i S 'IWeek 1806................. 374,020

Wheat,busk,

HI,440105.812142,665078,857

0,514226.000

Com , bush. 608.600 400,700 535,200 410,421 83],457

24,600 142,507 142,737

123 000 131,0002,722.122 3,503,0021,46&,486 1,847,171

Oats, bush. 705,800 277,4581.34.88503,22340,574

1,29«W81,689,371

40,8001,1815,845

1,021 * 44,799

47,831 189,00084,840 120:094

* Receipts do not !delude jrraln passing through New Orleans for foreign ports on through bills o f lading.

2 9 0 T H E C H R O N I C L E , ( V o i . LXV

T o t a l r e c e ip t s a t p o r t s f r o m J a n , f o l l o w s f o r f o u r y e a r s :

1 t o A u g . 7 c o m p a r e as

Receipts of— F lour . . . . — . —

1807. 1896.8,2517,723

1895.9,213,073

1894.11,437,833

*,bU8h. 30,476,QIU 30,83b .853 19,318,901 26,9^7,363** n 0,200 a s i 46,281.381 24.3w4.309 31,317,011•* 45,135,1*58 39,642,667 23,728,371 21,191.119“ ?, < 4,M o,«B2 1,415,524 l.CnS.iUi

E y e ....................... .. *’ 5,ic3,8h7 1,740,963 217.312 102,0:9

T ota l gram .. .. “ 198.20S.SU 123,885,710 09,104,417 81.290,766T h e e x p o r t s f r o m t h e s e v e r a l s e a b o a r d p o r t s f o r t h e w e e k

e n d in g A u g . 7, 1897, a r e s h o w n in t h e a n n e x e d s ta t e m e n t :

E xports f rom- Hew \ or* . ..Bo*ton. ....M obile........Philadelphia..Baltimore.New Orleans..N ewp’rt Ne M ontreal..G a lv eston .

(7or«, Flour, Oat'S, R ye, Peas. Marie Vb bis bush. bnih. bush. bu8h.^

602,49° 651.761 102,887 689,597 300,597 6, >75 107,62354,513 480.U3O 21,405 131,892

25 . ..50.090 733,348 16.937

735 72 * 1,136 350 51,817 8,571156.751 202.462 13.681 445I23,0i0 131,000 10,000

*29,33771,323 5 0.043 21,710 2*12,157 46,829 121,005142,737 . . . .

1,719 J 32 3,903,731 283,30s 984,089 355,997 127.380 136,9001,842,04- 1,309,82 263. i22 775,761 114,539 28,874

T h e d e s t in a t io n o f th e s e e x p o r t s f o r t h e w e e k a n d s in c e S e p t e m b e r 1, 1890, is a s b e lo w .

Uajpprts for Weekleeck and since Aug. ‘

Sept. I to— bb>*.U nited Kingdom 148,0U

- I lour,-

Contlnent.8 & (X Am erica.. W est Indies.. . B flt. v A . Col’s. Other countries ..

TotalT ota l 10W5-96..

a.%484 2?,ln3 17,434 . 4,280 7.983

Sim* Sept. 1,1898.

i) bis.7.817 883

<>2.773 1.001.88U 1,008.860

207,661 234.023

r-~----- W heat.--------- >Week Since S*vt. A m . 7. 1, 1896.

,------------Com .----------■>W eek Since Sept.A ug. 7. 1.1896.bush. bush.

770,0 L2 48,391.406 2,295,031 81,822 824.613 12.583,506 1,615 981 78.504 410

85,400 302,687

33,007 1,199,842

3,379 206,05938,632 1,171,285

9,500 4211951,208 1,861,752

23^.908 11,31 >.583 1,719,032 57,478.941 3,9«3,731 103.937,397 263.222 11,477.914 1,342.9*7 46,619,390 1,309,826 87,148,000

T h e v is ib le s u p p ly o f g r a in , c o m p r is in g t h e s to c k s in g r a n a r y a t t h e p r in c ip a l p o in t s o f a c c u m u la t i o n a t la k e a n d s e a b o a r d p o r t s , A u g . 7 , 1897, w a s a s f o l l o w s :

Wheat. Com , Oats, Rye. BarleyIn store at— bush. bush bush bush. bush.

-N e w lo r k ................. ... 705.000 1,210,000 1113,000 497,000 59,000Do a floa t.,.. 7,000

A lbany .................... 25,000 35.00*6Buffalo .- ........ 1,112,000 726,000 51.000 215.000

Oo a flo a t ....Cbloago . . . . . . . . . 3,225.000 8,853,000 1,882,000 223 000 10,000

Do a f lo a t .. .. __M ilw aukee------- - 43000 15,000 13,000 44,000 75,666

D o a floa t . . . .D o lflt i ................... 81 ,boo 281,666 384,000 232,000

D o a flo a t . . .T o le d o .,. . . . . . . . . . .. 630.000 320,000 91,000 110,000

D o afloat.......D e tr o it ..................... 79,000 12,000 12,660 30,000 13,000

Do afloat.......O sw e g o .................. 65,000 17,000 33,000lit . L o u ie ... .............. ... 3*9,000 71,000 16,000 6.000

D o a f lo a t.... rr-' - - 1 1C in c in n a t i .. .. . .. .. .. 4,000 8 000 2,000B oston. .. . . . . . . . . . . 87,000 940,000 19,000T oronto..................... 3-1,000 13,000 3,000Montreal _____ ___ , 234,000 78,000 434,000 28,000 34,000•Philadelphia........... 186.000 605.000 76,000 ........Peoria . ..........Indianapolis.............Kansas City..............B a lt im o r e . . . . . . . . . . . . .Minneapolis..............UnMliBlssippl Biver.On Lake*............ ...On canal and river...

Total A ug. 7 1897 17,650,000 Total July 31,18*7 17 314,000 Total A ug. 8. 1890 46.429,000 Total A u g. 10, 1395 37 840,000 T ota l A u g .il , 1894 62.321,000

275.000131.000

1.332.0006.482.000

52,0001.950.000

125.000

9.00045.000

184.000633.000

37.0008.000

1*061,0* 0512.000

16.511.00015.698.00012.218.000

4.013.0003.105.000

25.0003,000

118,00083.000

160.000 10,0001 224.000

137.000■0,551.0006.528.0006.945.000 3,>5,0U02.855.000

6.00052.000

1.00024.00069.000

117.0003.042.000 l,772.ti001.620.000

254.000 230,UU0

6,000*30,00069,00<

831.r00 825 ^00 639,00044.00087.000

T H E D R Y G O O D S T R A D E ,N e w Y o b s , F r i d a y , P , M , , A u g u s t 18, 1897.

T h e r e h a s b e e n a n e x t r o r d in a r y in f lu x o f b u y e r s th is w e e k , th e fir s t f r u it s o f th e M e r ch a n ts ’ A s s o c ia t io n e x c u r s io n ra tes a r r a n g e m e n t , a n d th e j o b b i n g h o u se s h a v e b e e n b u s ier th a n f o r a v e r y lo n g t im e p a s t , In t h e p r im a r y m a r k e t th e re has b e e n m u c h le s s e v id e n c e o f th e ir p r e s e n c e , bub n e v e rth le ss b u s in e ss at f irs t h a n d s h a s c o n t in u e d g o o d in a ll d e p a rtm e n ts . T h e im p r o v e m e n t o f th e p a st f e w w e e k s is o f a v e r y ta n g ib le c h a r a c te r b u t th e r e is s o m e d is p o s it io n t o o v e r s ta te it . A s a m a t te r o f f a c t s e lle rs in c o t t o n g o o d s h a v e a v a ile d th e m se lv e s o f t h e m o r e g e n e r o u s d is p o s it io n o f b u y e r s to g e t r id o f som e h e a v y s to c k s b e fo r e p u t t in g p r ic e s u p , b u t t h e y h a v e at th e s a m e t im e r ig o r o u s ly h e ld f o r s o m e a d v a n c e w h e r e .g o o d s b a d t o be m a d e . T he m a r k e t is fa s t w o r k in g it t o a d e c id e d ly c le a n c o n d it io n , w h e n s e lle r s w i l l b e in a p osh io n t o d e m a n d s till h ig h e r p r ic e s . T h e p r in t c l o t h s itu a t io n is s tr o n g e r u n ­d e r th e c o m b in e d in f lu e n c e o f a n a c t iv e d e m a n d a n d m a te ­r ia l c u r ia i lm e n t o f p r o d u c t io n . B u s in e s s in w o o le n s a n d w o r s te d s c o n 'in u e s g o o d a n d th e .to n e is d e c id e d ly s tr o n g .

W o o l e n G io d s ,— T h e re h a s b e e n a c o n t in u e d la r g e d e ­m a n d f o r m e n ’s w e a r w o o le n a n d w o r s t e d fa b r ic s , b u t the a g g r e g a t e b u s in ess s h o w s s o m e fa l l in g o i l in v o lu m e , th e d e ­c r e a s e b e in g c o n f in e d t o lo w -g r a d e g o o d s , o f w h ic h so m a n y h a v e b een s o l i , a n d to C la y w o r s te d s , o n w h ic h p r ice s h a v e b e e n ra ise d to , f o r th e t im e b e in g , a p ro h ib it iv e h e ig h t . A l l th e le a d in g l in e s o f OiayB h a v e b e e n a d v a n c e d s in ce the o p e n in g q u o ta t io n s w e r e n a m e d , a l th o u g h th e la tte r w e re h ig h e r th a n g e n e r a l ly e x p e c te d . S e rg e s a re s t i l l s e ll in g w e ll, a s a re fa n c y c h e v io t s a n d ca ss itn eres . S e lle rs a re w it h d r a w ­in g s a r n p b s fr o n th e m a r k e t t o a n u n u s u a l e x t e n t f o r th is t im e o f th e y e a r , a n d t h e t o n e t h r o u g h o u t is v e r y s tr o n g . O v e r c o a t in g s in g o o d r e o r d e r d e m a n d , a n d te n d in g u p w a r d s ! C lo a k in g s s e l l in g m o w fr e e ly . D re ss g o o d s a re in g o o d s u p ­p le m e n ta r y re q u e s t a n d v e r y f irm . F la n n e ls o c c a s io n a lly 10 p e r c e n t d e a re r . B la n k e ts f irm .

D o m e s t i c C o t t o n G o o d s — T h e e x p o r t s o f c o t t o n g o o d s f r o m th is p o r t f o r th e w e e k e n d in g A u g u s t 9 w e r e 2 ,5 9 4 p a c k a g e s , v a lu e d a t $ 99 ,649 , t h e ir d e s t in a t io n b e in g t o th e p o in t s s p e c i f ie d in t h e ta b le s b e lo w :

Ne w Y o r k to A n o . 9.

Great B rita in .........Other E u rop ea n ...............Jhlna ...................................Ind ia______ ____________Arabia.................................A lr lo a .,...............................West In d ies ................. .....M ex ico ............... .Central A m erica ............. .lo a th A m e r i c a . . . . . . . . . .O tner C ou n tries ............

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

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

1897.

Week. Since Jan . 1.

5232

550505150383342

5773

41139

2 ,594

2,594

2 ,982 2,241

89,822 5 .060

16,199 13 479

8,928 2,021 5 ,140

30,951 2,821

179,64412,300

191,944

1890 .

Week.

246

1,356

638121

14130737186

3 ,210

3 ,210

Since Jan , 1.

2 ,042 1,935

68,904 3 ,526

17,144 13,235

7,301 1.773 5 ,549

29 319 2 ,397

153,12522,302

175,427* Prom v « w E n clan d m ill p o in ts d ire c t

T h e v a lu e o f th e N e w Y o r k e x p o r t s f o r t h e y e a r t o d a t e h a s b e e n $6,957 ,090 in 1897 a g a in s t $6 ,7 54 ,5 5 3 in 1898.

B r o w n s h e e t in g s a n d d r i l ls h a v e b e e n in s te a d y r e q u e s t o f c o n s id e r a b le v o lu m e in a d e c id e d ly fir tn m a r k e t , a n d v a r i o u s a d v a n c e s o f L jc . t o 3 A - Pe r y a r d h a v e b e e n r e c o r d e d . B r o w n d o c k s a n d o s n a b u r g s a lso f i r m a n d o c c a s io n a lly d e a r e r . B le a c h e d c o t t o n s h a v e a d v a n c e d s lig h t ly Sd le a d in g 4 -4 m a k e s aD d a r e g e n e r a l ly i^ c . t o J^c. d e a r e r in l o w g r a d e s ; t h e d e ­m a n d is c o n s id e r a b le b u t n o t a t a ll a c t iv e . W i d e s h e e t in g s a re t e n d in g u p w a r d s , as a re c o t t o n fla n n e ls a n d b la n k e ts . D e n im s s c a r c e a n d veT y f ir m . T ic k s o c c a s io n a lly J ^ c . h ig h e r . P la id s te n d a g a in s t b u y e r s . C h e c k s a n d s tr ip e s , c h e v io t s a n d c o t - to n a d e s ' f irm . K id - f in is h e d c a m b r ic s f i r m ; a f e w m a k e s a d ­v a n c e d i/gC. p e r y a r d , P r in ts h a v e b e e n in m o r e a c t iv e r e ­q u e s t f o r b o :h f a n c ie s a n d s ta p le s , a n d s o m e o f t h e la t t e r s h o w a h a r d e n in g t e n d e n c y . S ta p le g in g h a m s in b e t t e r d e m a n d a n d f irm . D re ss s ty le s d u ll . P r in t c lo t h s w ith a n a c 'i v e d e m a n d h a v e a d v a n c e d t o 2 % c . f o r e x t r a s , s e lle r s r e ­fu s in g b id s a t t h e c lo s e .

1897.A ug. 7.515.000956 .000 \

1896. A ug, 8. 3 « ,000940 .000676 .000

Stock o f P r in t O lotht—A t P rov id en ce , 64 squ ares.A t P all R iv er , 64 squares >At F a ll E lv e r , od d s iz e s .. )

T ota l s to c k (n ie c e s ) . . . . 1 ,471,000 2 ,0 1 3 ,00 0 260 ,000 1 ,169 ,000F o r e i g n D r y G o o d s .— T h e r e h as b e e n a f a i r ly a c t iv e

m a r k e t in fo r e ig n m e r c h a n d is e . S e a s o n a b le g o o d s a r e g e n e r ­a l ly w e ll c l e m e d u p . I d m e n ’s -w e a r f a b r ic s , C la y w o r s te d s a re f r e q u e n t ly 5 c . p e r y a r d h ig h e r f o r s p r in g w e ig h t s . D r e ss g o o d s f o r s p r in g s o m e w h a t ir r e g u la r , b u t a lw a y s h ig h e r t h a n la st s e a so n o n g o o d lin e s .Im portations and W arehouse W ith d ra w a ls o f D ry G oods.

T h e im p o r ta t io n s a n d w a r e h o u s e w i t h d r a w a ls o f d r y g o o d s a t t h is p o r t f o r t h e w e e k e n d in g A u g u s t 12, 1897 , a n d s in c e J a n u a r y 1 , 1897 , a n d f o r t h e c o r r e s p o n d in g p e r i o d s o f la s t y e a r a r e a s f o l l o w s :

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T h e I n v e s t o r s ' S u p p l e m e n t w i l l b e f u r n is h e d w it h o u t e c t r a c h a r g e t o e v e r y a n n u a l s u b s c r ib e r o f t h e C o m m e r c i a l a n d F i n a n c i a l C h r o n i c l e .

T h e S t a t e a n d C i t y S u p p l e m e n t w i l l a l s o b e fu r n i s h e d w ith o u t e x t r a c h a r g e t o e v e r y s u b s c r ib e r o f t h e C h r o n i c l e .

T h e S t r e e t R a i l w a y S u p p l e m e n t w i l l l ik e w is e b e f u r ­n is h e d w ith o u t e x t r a c h a r g e t o e v e r y s u b s c r ib e r o f t h e C h r o n i c l e .

T h e Q u o t a t io n S u p p l e m e n t , i s s u e d m o n t h l y , w i l l a ls o b e fu r n is h e d w ith o u t e x t r a c h a r g e t o e v e r y s u b s c r ib e r o f t h e C h r o n i c l e .

T E R M S f o r t h e C h r o n ic l e w i t h t h e f o u r S u p p le m e n t s a b o v e n a m e d a r e T e n D o l la r s w i t h in t h e U n i t e d S ta t e s a n d T w e lv e D o lla r s in E u r o p e , w h ic h in b o t h c a s e s in c lu d e s p o s t a g e .

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T e x a s .— P r o p o s e d C o n s t i t u t io n a l A m e n d m e n ts D e.fe i t e d .— T h e s u b m is s io n o f th e C o n s t itu t to n a l a n w n d m •» s to t h e c it iz e n s o f T e x a s o n A u g u s t 3 , 1897, r e s u lt e d in o n e o f th e l ig h te s t v o t e s e v e r c a s t in th a t S 'a t e . T h e a m e n d m e n ts as d e s c r ib e d in th e C h r o n i c l e o n J u ly 8 1 ,1 * 9 7 , a r e a s f o l l o w s :

A m e n d in g A r t ic le 8 o f th e C o n s t i t u t io n o f T e x a s s o as t o p e r m it th e fo r m a t io n o f ir r ig a t io n d is r io t s in W e s t T e x a s .

A m e n d in g A r t i c le t l o f t h e U o i.s t itu t io n v a l id a t in g b o n d s h e ld b y t h e S ta te as a n in v e s t m e t t f o r th e p e r m a n e n t s c h o o l f u n d

A m e n d in g S e c t io n 8 o f A r t ic le 11 o f th e C o n s t itu t io n o f T e x a * a u t h o r iz in g a i l c o u n t ie s in t h e g r a te ly in g s .> u ih c f th e c o u n t ie s o f J e f f D a v is , R e e v e s , W a r d , E c t o r , M id la n d , G la s s c o c k , S t e r l in g , C o k e a n d R u n n e l* , a n d s o u t h a n d w >et o f tb e C o lo r a d o R iv e r ; a lso a il th o s e c o u n t ie s w . at o f H a rd e ­m a n , K n o x a n d H a s k e ll a n d n o r th o f F is h e r , S c u r r y , B u rd e n , D a w s o n a n d G a in e s ; a ls » t h e c o u n t ie s o f M a ta g o r d a at 4 B ra ­z o r ia , t o g iv e a id in th e c o n s t r u c t io n o f ra i lr o a d * b y th e issu ­a n ce o f b o n d s o r o t h e r e v i d - n e , * o f in d e b te d n e s s , w i i - a a u ­th o r iz e d th e r e to b y a m a jo r i t y o f a a v s u e t c o u n t y .

F r o m th e u n o f f ic ia l r e tu r n s o f th e S ta te i t a p p e a r s t h a t th e m a jo r i t y a g a in s t th e ir r ig a t io n a m e n d m e n t w i l l b e o v e r30,000, a g a in * : t h e v a l id a t in g o f b o n d s o v e r 12,000 a n d * g a in s t tb e ra ilr o a d b o n d s o v e r 42 ,000 . T h e to ta l v o le w i l l be b u t l i t t le o v e r 1)0,000.

Bond Proposals and Negotiations thisweek have been m follows.

A d a ir C o u n t y , t in .— B o n d i A u t h o r iz e d . — O n A u g u s t 3, 1897, t h e c it iz e n * o f A d a ir C o u n t y v o te d io f a v o r o f I—tu in g b o n d s to th e a m o u n t o f $59 .000 fo r th e p u rp o s e o f b u i ld in g a n e w c o u i t h o u se . T h e v o te w a s 2 ,999 f o r t b * issu e a n 1 64 ') a g a in s t ,

A s t o r ia , I I I .— B o w ls P r o p o - d , — T h e v i l la g e o f A s t o r ia h a s u n d e r c o n s id e r a t io n t h e is s u in g o f b o n d * f o r th e p u rp use o f b u i ld in g a w a t e r w o r k s .

A s t o r i a , O r e .— B o n d N in e s — A s p e c ia l d is p a t c h f r o n A s ­t o r ia to th<' “ O r e g o n ia n " o f P o r t la n d t in d e r d a t e o f A u g u s t 4 , s a y s : “ T h e n e w issu e o f $99 ,000 8 p e r c e n t b o n d s w a s s ig n e d , se a le d a n d p la c e d to th e h a n d * o f ( M v T re a s u re r C o n n t o -d a y . T b e b o n d s w ill b e d e l iv e r e d to M o r r is ® W h ite h e a d , t h e p u r c h a -v r s . a s s o o n a* t h e y tu rn In c i t y w a rr a r ts , f o r w h ic h th e h o o d s a r e t o be e x c h a n g e d a t p a r v a lu e , w ith a c ­c r u e d in te re s t . T h e b o n d s w il l ta k e u p a ll o u t s t a n d in g w a r ­ra n to p r io r t o th e issu e o f A o r i l 1, 1897. T h is issu e w a s re ­c e n t ly d e c la r e d le g a l b y t h e S u p r e m e C o u r t .”

A u r o r a , d o . — B o n d S a l e .— t h e c i t y o f A u r o r a baa gold $12 ,000 o f r e fu n d in g b o n d s t o a n I l lin o is c o m p a n y , w h o to o k th e m a t 5 p e r c e n t in te re s t. J o h n D , P o r t e r o f S p r in g f ie ld o f fe r e d to ta k e th e b on d * to b e a r in te re s t a t h % p e r c e n t . T h e s e c u r it ie s a re t o r e fu n d th e p re s e n t in d e b te d n e s s o f th e c i t y , w h ic h h a s b een d r a w in g 8 m r c e n t in te re s t . T h e lo a n w ifi m a t u r e in t w e n t y y e a rs f r o m d a te o f issu e , b u t w ill b e p a y a b le at th e o p t io n o f th e c i t y a f t e r l iv e y e a rs .

B a n c r o f t , N e b .— B o n d S a le .— T h e c i t y o f B a n c r o f t has a w a r d e d i o O . C . T r o x e l l o f O m a h a , $3,o<J0 o f 6 p e r c e n t w a te r b o n d s . A b id w a s a lso r e c e iv e d f r o m R . C . P e t - r s o f O m a h a .

B a r n e s v i t l e , O h io .— B o n d S a le .— T h e F ir s t N a tio n a l B a n k o ! B a rn e a v ille h a s b een a v a r d e d 1 18 ,09 0 o f p e r c e n t y e a r (a v e r a g e ) b o n d s a t 107*5561.

I la y O i ly lU c h .— B o n d N ew s.— T h® W a y s a n d M e a n s 'C o m ­m it te e o f th e C o u n c i l o f B *y C ity a re c o n s id e r in g t h e r e c ­o m m e n d a t io n o f C ity C o m p t r o l le r A m oro*** t o a w a r d t,o D ie tz , D - a f o o o & P r io r , t h e th ir d h ig h e s t b id d e r , t h e r e c e n t im m o f P V W 6 o f 4 p e r c e n t c i t y h a ll b o n d s . A s r e p o r t e d in th e C h r o n ic l e o n J u ly 8, 1897, th e se b o n d s w e r e a w a r d e d t o C . H . W a it s & C o . o f N e w Y o r k , b u t th is h o u s e , i t is s ta te d , n o w r e fu s e s t o ta k e th e m o n th e g r o u n d th a t t h e y c a n n o t b e issu e d as o r ig in a l ly a u th o r iz id . T h e L l t n p r e c h t B ro s . G o . ,

t o e s e c o n d h ig b e s c b id d e r , is a ls o , i t is c la im e d , u a w id m g " to * ta k e th e b o n d s . T h e C it v C o m p t r o l le r h a s c a s h e d th e c e r t i ­fied c h e c k f o r 8-500 o f C . H W a i t e & C o .

B1 lO tn s b a rg , P a .— B o n d S a le .— Che f o l l o w i n g Is a c o m ­p le te l is t o f b id s r e c e iv e d f o r ib e 815 .000 o f 4 p e r c e n t 20 y e a r t o w n b o n d s . A s r e p o r te d in 'h e C h r o n ic l b o f la s t w e e k , th e se b o n d s w e re a w a r d e d t o t b e E d w a r d O J o n - s C o . o f N - tv Y ir k :Edw. C. Jones Co.. New York. ...I0*®» I Dick Bros. A Co.. Philadelphia... ltB-*9 | Heyl A- Major, Phlladoiohla........ I

Sailer A Steohamon. Phlta. W . J* Hayes & Son, Cleveland,

B o u r n e , M a ss .— B o n d O ffe r in g . — S e a le d p ro p o s a ls w i l l b e r e c e iv e d u n til 12 o 'c l o c k n o o n A u g u s t 14. 1397, o y O r d e llo R . S w i f t , T re a s u re r o f th e t o w n o f B iu ru e , f o r t h e p u rc h a s e o f $32,000 o f 4 p er c e n t S h o r e R o a d n o te s . T h e lo a n is a u t h o r iz e d oy v o te o f th e t o w n a n d b y C h a p te r 139 o f th e A c t s o f 1896; a lso C h a p te r 495 o f th e A c ts o f 1897. I t w ill b e in t h e f o r m o f n o te s , d a te d A n g u - t 1, 1897. la t e r e s t w il l b e p a y a b le s e m i ­a n n u a lly o n th e fir s t d a y s o f F e b r u a r y a n d A u g u s t , a n d th e p r in ip a l w il l m a tu r e a t th e ra te o f $ 1 ,6 0 0 a n n u a l ly f r o m A u g ­ust 1 , 1898, t o A u g u s t 1 , 1917, in c lu s iv e . P r in c ip a l a n d in ­te re s t w il l be p a y a b le a t th e T h ir d N a t io n a l B in k , B o s to n , Mags.

B r o o k l y n , N . ¥ .— B o n d O ffe r in g .— P r o p o s a ls w i l l b * r e c e iv e d u t d 12 o 'c l o c k n o o n , A u g u s t 30, 1897, b y th e C tm d r >ll*r of t h e c i t y of B r o o k ly n f o r t h e p u rc h a s e o f $190 I'OO o f 3V£ p er c e n t regist e r e d W a U io o u t o o n d s . T h e s e s e c u r it es w i l l b e d a te d A u g u s t 34. 1897, a n t a r e issu ed u n d e r C h a p te r 529 o f th e L a w * o f 1897. T h e b o n d s a re e x e m p t fr o m a l l t a x ir io n , e x c e p t f o r S ta te p u rp o s e s , a s p r o v id e d f o r in C h i n t e r 648 of th e L a w s of 1895. I h e in te re s t w i l l b s p a y a b le s - r n i - m lu a l ly o n th e fir s t d a y s o f J a n u a r y a n d J u ly a u d tn e p r in c ip a l w il l m a tu r e J a n u a r y 1, 1 9 .6 ,

T e m p o r a r y L o a n s .— P ro p teals w i l l b e r e c e iv e d a t t h e s a m e tith e a u d p la c e as a b o v e fo r i l ia f o l l o w i n g lo a n s :

S L 08 0 ,o0 0 o f 4 p e r o u t c e r t i f ic a te * o f i o d -b t s d n e s s , is s u e d in a n t ic ip a t io n o f t a x e s t o b e le v ie d in 1837, as p r o v id e d fo r in S e c t io n 3 o f O b a p t - r 183 o f th e L a w s o f 1896, a u d a re s o lu ­t io n o* th e C o m m o n C o u n c i l p a ssed J u ly 19. 1897.

$1,000 000 o f 4 p er c e n t t a x oertific .it-** . T i l ls lo a n is is s u e d u n d e r th e p r o v is io n s o f B e o tia n SO o f l i t le 2 o f C h a p te r 588 o f th e L a w * o f 1888, a n d a r e s o lu t io n o f th e C o m m o n C o u n c i l passed J u n e 7 , 1897. T h e r e s o lu t io n a u th o r iz e s t n e lo a n in a n t i ip a tto n o f th e c a l l c t i o n o f ta x e s le v ie d in th e y e a r 1398.

T h e a b o v e c e r t i f ic a te s w ill b e in d e n o m in a t io n * o f $1 ,000 e a c h , d a t 'd A u g u s t 24, 1897. a u d m a y b e e itn e r r - g ia t - r e d o r m a d e p a y a b le t o b e a re r . T h e in ter.-a t w i l l be p a r a b le a t m a ­tu r ity a n d th e p r in c ip a l w i l l m a tu r e in e ig h t m o n th * f r o m d a te o f if* u e .

B o n d s P r o p o s e d — T b e M i y o r a n d C o m ; t r o l le r o f th e c i t y o f B r o o k ly n h a v e d e c id e d t o issu e $100 ,000 o f b o n d s f o r th e p u rp o s e o f p a v in g v a r io u s s tree t* in t ne T w e n t y - s ix t h W a r d , The b o n d s , w h e n is s u e d , w il l m a tu r e i o f iv e y e a r * f r o m tb e d a te t d th e lo a n .

B u f f a lo , N . V.— T e m p o r a r y L o a n .— t h e c i t y o f B u f fa lo has a w a r d e d a t e m p o r a r y lo a n b o n d o f $5 )1 11 to th e C o m p t r o l le r , a t p a r , in t ru s t f o r t he r e d e m p t io n b o n d s in k in g fu n d . T h e b o n d t* d a te d J u ly 12, 1897, a n d w il l b e a r in te re s t at t h e ra te o f 8 p e r c e n t , p a y a b le th e first d a y s o f J a n u a r y a n d J u ly , T h e p r in c ip a l w ill m a tu r e J u l y J, 1898.

C an t lit l i lg e , H a s * — B o n d O ffe r in g .— P ro p o s a ls w ill b e re ­c e iv e d n n r il 12 o 'c l o c k n o o n , A u g . 17, 1897, o y C itv T re a s u re r W . W . D d l in g e r , f o r th e p u r c h a s e o f $100 ,000 o f p e r c e n t “ G a u ib r i -L e W a te r L o a n ” r e g is te re d b o n d s , in d e n o m in a - liorw o f $ 10 ,000 , if a n y m u lt ip le o f t n is a u r n , a n d d a te d J u lv 1, 1897. I n t e r .- ' , w il l b e p a y a b le s e m i -a n n u i l ly , a u d th e p r in c ip a l w il l m a tu r e in t w e n t y y e a r* f r o m d a te o f is s u e . T h e b o n d * a re t o b e i-x u e d u n d e r a u t h o r it y c o n fe r r e d b y C h a p te r 100 o f th e A c ts o f IS it .

i u n io n , S . B o n d s D e f e a t e d ,— O n A u g u st , 3 , 1897, th ec it ize n * o f C a n to n v o t e d a g a r n - t th e is s u in g o f $ 2 ,0 00 o f s c h o o l - h o u se L in d - , T h e v o t e a g a in s t th e p r o p o s it io n w a s a t th e ra te o f 2 to 1.

C in c in n a t i ( O h io ) S c h o o l D i s t r i c t .— B o n d O ffe r in g .— P r o ­p osa ls w ill b e r e c e iv e d u n t il 12 o 'c l o c k n o o n S e p t e m b e r 13, 1897. b y th e B o a r d o f E d u c a t io n , c a r e o f G e o r g e R. G r if f ith s , C le r k , fu r th e p u r c h a s e o f $50 ,090 o f 4 p e r c e n t b o n d s . T h e -••curitK - a re issued in a c c o r d a n c e w ith an a c t o f tb e G e n e r a l A ss e m b ly o f th e S ta te o f O h io , p a ssed M a rc h 29, 1896, a n d w ith a r e s o lu t io n o f th e B o a r d o f E d u c a t io n p a ss e 1 A u g u s t 3 , 1897. T h e b o n d s a re i o d e n o m in a t io n * o f $500, d a te d S e p te m ­b er 1, 1896. T h e in te r e t, w ill he p a y a b le s e t n i a n n u a lly a t th e A m e r ic a n E x c h a n g e N a tio n a l B a n k o f N ew ' Y o r k C ity , T h e p r in c ip a l w ill m a t u r e S e p te m b e r 1 , 1936, b u t is r e d e e m a b le a t th e o p t io n o f th e B o a r d o f E d u c a t io n a f t e r S e p te m b e r 1 , 1906. N o b id w il l be r e c e iv e d f o r lees th a n p a r, a n d a c c r u e d in te r e s t t o d a te o f t r a n s fe r w i l l b o a d d e d t o th e p r ic e . A l l p ro p o s a ls m u st b e a c c o m p a n ie d b y a c e r t i f ie d c h e c k , p a y a b le to th e o r ­d e r o f th e B ia rd o f E d u c a t io n , f o r 5 p e r c e n t o f t h e g r o s s a m o u n t o f th e b o n d s hid fo r .

C le v e la n d , () . - B o n d O ffe r in g .— P ro p o s a l* w i l l b e r e c e iv e d u n t il 12 o ’ c l o c k n o o n S e p t . 2 , 1897, b y H . L . R o sa ite r , C it y A u d ito r o f C le v e la n d , f o r th e p u r c h a s e o f $250 ,900 o f 5 p e r c e n t P u b l i c L ib r a r y c o u p o n b o n d * . T h e « » cu r it ie 3 a re in d e n o m in a t io n * o f $1 ,600 , d a te d O c to b e r 1, 1897 , w ith in teres t p a y a b le s e m i-a n n u a lly . T h e p r in c ip a l w ill m a t u r e O c to b e r 1, 1917. b o th p r in c ip a l a n d in te re s t b e in g p r y t ib le a t th e A m e r ic a n E x c h a n g e N a tio n a l B in k o f N e w Y o r k C ity .

N o b id * fo r less th a n p a r a n d a c c r u e d in te re s t t o d a y o f d e ­l iv e r y w ill b e a c c e p t e d . A c e r t i f ie d c h e c k d r a w n o n a N a tio n a l B a n k f o r 5 p e r c e n t o f t h e a m o u n t o f b o n d * b id fo r , a n d p a y ­a b le t o th e o r d e r o f t h e C it y T re a s u re r , m u c h a c c o m p a n y e a c h b id .

2 9 2 T H E C H R O N I C L E , [V o l . L X V ,

T b e a b o v e E erurities a re is tu td u n d e r a u th o r ity o f s e c t io n s 11 a n d 12 o f Bn A c t o f G e n e ra l A s s e m b ly o f t h e S ta t e o f O h io , p a sse d A p r i l 22, 1696, a n d a r e s o lu t io n o f tb e P u b l ic L ib r a r y B o a r d o f i b e c i t y o f C le v e la n d p a ssed A u g u s t 2 , 1897. T b ep r c c e s --------ML - - _ .in g th e r e o n b u i ld in e o r b u ild in g s f o r a P u b l i c L ib ra ry ,

C o l l e g e P o i n t , N . Y . — B on d . S a le .— O n A u g u s t 9, 1897, th e v i l la g e o f C o lle g e P o in t a w a r d e d th e $25 ,000 o f 4 p e r c e n t w a t e r - t o w e r b o n d s to N . W . H a rr is & C o . a t 110 '819 . T h e b o n d s a re o f th e d e n o m in a t io n o f $1,000, a n d th e p r in c ip a l w i l l m a tu r e in f o r t y y e a rs fr o m d a te o f issue.

T b e f o l l o w in g is a c o m p le te lis t o f b id s :N. W . Harris * Co.. Sew Y ork . 110'810 ‘ ------Isaac W . Sherrill. P o ’keepsie....JOV> 72 W ilson A Stephens. Now York..1<H< 02Georjio M. Hahn. New York.......109*30C. 11. W hite A Co.. New Y ork ... 100*314L. W . Morrison. New Y ork .........109*085Roberts & Co., New Y o r k .........109*06Rudolph K leybolte A Co., N. Y..109 03 The Lampret-ht Urns. Co. Clev’d lO* 875 Bert run a Storm New York — 108*72 .

B o n d s A u t h o r i z e d .— O n a u g u s t 11, 1897, t b e c it ize n s o f C o l le g e P o in t , b y a v o t e o f 161 t o 52, d e c id e d u p o n issu in g b o n d s t o tb e a m o u n t o f $115,000 f o r th e p u rp o s e o f m a c a d a m ­iz in g a n d im p r o v in g th e v i l la g e s tr e e ts a n d s id e w a lk s . N o n e b u t p r o p t r t y o w n e r s w e r e a l lo w e d t o v o t e , in a c c o r d a n c e w i t h a la w o f th e la st L e g is la tu r e , w h ic h p r o v id e s th a t only- fr e e h o ld e r s a re e n t it le d t o v o t e o n p u b l ic im p r o v e m e n ts .

C o lo r a d o .— B o n d S a le .— T h e S t w e h a s a w a r d e d t h e $200,- 000 o f C o lo r a d o r io t b o n d s t o th e f o l l o w in g f irm s :

d s o f t b e lo a n w i l l b e u se d in o b ta in in g la n d a n d e re o t -

I E. D. Shepard & Co., New York. 108*69 W hann A Schlessineer, N. Y. .108*51

I Parson. Leach A Co., New York. 107*63 I E. B. Underhill. Jr.. New Y ork .. 107*01 | Edw. C. Jones Co , New York.. .,106*27 ; Street, W ykes A Co.. New York. 106*00 J. A W. Selitrcnan &Co., N. Y — 105*09

j Ben well A Everitt, New York... 105*02 Dan’I A. Moran A Co.. N. Y ........102*06

Geo. D. Cook Co., Chicago........... 112*552 I Rudolph K leybolte & Co., Cin-Farson, Leach & Co.. Chicago. ...112*5111 ciunati................. ..........................112 508

C o lu m b ia C o u n t y ( W a s h . ) S c h o o l D i s t r i c t N o. 31.— B o n d S a le .— T h is s c h o o l d is t r ic t s o m e t im e a g o s o ld b on d s t o th e a m o u n t o f $4,200 t o H . C . B a r r o l l & C o . o f S p o k a n e f o r $4 ,110 , th e p u rc h a se r t o p a y a ll e x p e n s e o f p r in t in g b on d s, e t c . T h e s e cu r it ie s w il l b e a r in te re s t a t t b e ra te o f 7 p e r c e n t , p a y a b le a n n u a lly a t D a y to D . W a s h .

C o lu m b u s , M is s .— B o n d N ew s.— R e fe r r in g to th e re c e n t d e ­f e a t o f a p r o p o s e d b o n d issu e o f $20 ,000 f o r im p r o v e m e n t o f th e w a te r w o r k s , w e a re a d v is e d b y M r. H . M . L a n ie r , C it y M a rsh a l, th a t th e c i t iz ?ns a re d is c u s s in g a n e w e le c t io n , b u t t h a t it is h a r d ly l ik e ly th a t a n y t h in g w il l be a c c o m p lis h e d v e r y s o o n .

C r o w le y , L a .— B o n d Is su e . —T h e c i t y o f C r o w le y h a s p r o ­v id e d f o r a n issu e o f b o n d s t o b e u sed in p a rt p a y m e n t f o r th e w o r k d o n e in e r e c t in g a s y s te m o f w a te r -w o r k s a n d e le c ­t r i c l ig h t in g . T h e c o n t r a c t p r ic e f o r th e w o r k w i l l be p a id a b o u t $5,000 in ca s h a n d th e b a la n c e in b o n d s o f v a r io u s a m o u n t s , p a y a b le y e a r ly a n d r u n n in g th r o u g h a p e r io d o f n o t m o r e th a n 20 y e a r s , a n d w i l l b e a r in te re s t a t a ra te n o t e x c e e d in g 6 p e r c e n t . T h e c o n t r a c t w i l l p r o b a b ly b e a w a rd e d A u g u s t 31, 1897.

D e le v a n , M in n .— B o n d O ffe r in g .— P ro p o s a ls w ill be re c e iv e d u n t i l A u g u s t 21, 1897, b y O . J . L ie n , V i l la g e R e c o r d e r , f o r th e p u rc h a se o f $5,000 o f 6 p er c e n t w a te r b o n d s . T h e se cu rit ie s w i l l b e in th e f o r m o f c o u p o n b o n d s o f $500 e a ch a n d w il l b ea r t h e d a te o f th e a c c e p ta n c e o f th e b id s T h e in te re s t w il l be p a y a b le a n n u a lly a t th e o f f ic e o f th e V il la g e T rea su rer , o r in N e w Y o r k e x c h a n g e . T h e p r in c ip a l w i l l m a tu r e in t w e n t y y e a r s f r o m d a te o f issu e , b u t is p a y a b le a t th e o p t io n o f tb e v i l la g e a f te r ten yea rs .

E a s t I s l i p (N . Y .) S c h o o l D i s t r i c t , N o . 3 — B o n d s A u t h o r ­iz e d .— A t a s p e c ia l m e e t in g o f th e ta x p a y e r s o f th is d is tr ic t o n A u g u s t 10, 1897, t h e is s u a n ce o f $7,000 o f b o n d s w a s a u ­t h o r iz e d , th e s e cu r it ie s t o b e p a id in y e a r ly in s ta lm e n ts o f $1 000 e a ch .

E d in a h a m , 111.— B o n d O ffe r in g .— P ro p o s a ls w i l l be r e c e iv e d u n til 7 :30 o c lo c k p . m . , A u g u s t 26, 1897, by tb e F in a n ce C o m ­m it te e o f th e C it y C o u n c il o f E ff in g h a m , f o r th e p u rch a se o f $8,000 o f 5 p e r c e n t s tr e e t - im p r o v e m e n t b on d s as a u th o r ­iz e d b y o r d in a n c e N o . 40. T b e in te re s t o n t h fs e secu rit ies w i l l b e p a y a b le a n n u a lly in c u r r e n c y a t th e o ff ic e o f th e C ity T re a s u re r , a n d th e p r in c ip a l w ill m a tu r e a t th e ra te o f on e b o n d o f $1,000 a n n u a lly b e g in n in g J u ly 1, 1905.

E U s w o r ih , l a .— B o n d s A u t h o r i z e d .— A t a s p e c ia l e le c t io n th e c it iz e n s o f E lls w o r t h v o t e d in f a v o r o f is s u in g b o n d s fo r s c h o o l-h o u s e im p r o v e m e n ts .

E m e r y C o u n ty , U ta h .— B o n d S a le .— O n J u ly 23, 1897, the c o u n t y so ld to th e S ta te L a n d C o m m is s io n e rs o f U ta h $8,500 o f 6 p er c e n t r e fu n d in g b o n d s . T h e in te re s t u p o n th e s e ’ se­cu r it ie s w ill b e p a y a b le s e m i-a n n u a lly o n th e first d a y s o f J u n e a n d D e c e m b e r .

E s t t l l C o u n t y , K y .— A tt e m p te d R e p u d ia t i o n .— A. s p e c ia l d is p a tch to th e “ L o u is v i l le C o m m e r c ia l” f r o m F ra n k fo r t , d a te d A u g u s t 7, 1897, s a y s : “ J u d g e W . M . B e c k n e r o f W in ­c h e s te r a n d a t t o r n e y s W h it e a n d W e s t .o f I r v in e w e r e here t o -d a y a n d file d a p e t it io n f o r r e -h e a r in g in th e C o u r t o f A p p e a ls in th e ca s e o f E s t ill C o u n t y a g a in s t B e n n e tt H . Y o u n g . T h is ca s e h a s b e e n d e c id e d t * i c e in fa v o r o f C o) . Y o u n g , a n d is o n e in w h ic h th e c o u n t y s o u g h t t o rep u d ia te its b o n d s , a n u u n t in g t o $50,000, w h ic h w e re v o te d f o r th e b u i ld in g o f th e R ic h . N ic b o la s v il le I r v in e & B e a tty v ille R R ’•

F in d la y , O h io .— B o n d S a l e .— T h e C ity C o u n c il o f F in d la y h a s a w a r d e d $17 ,00 0 o f r e fu n d in g w a te r b o n d s t o th e G as T ru s te e s . T h e $17 ,000 is to r e fu n d th e b a la n c e o f the $25 000 o f b o n d s fa l l in g d u e S e p te m b e r 1, 1897, w h ic h th e W a te r W o r k s D e p a r tm e n t w il l he u n a b le t o m e e t a n d w i l l be ca rr ied b y th e G aa T ru stees u n til l i f te d b y th e T ru stees o f th e w a ter w o r k s .

F lu s h in g , N . Y .— B o n d S a le .— T h e F lu s h in g $50,000 o f 4 p e r c e n t g o ld r o a d b o n d s w e r e a w a r d e d to L e la n d , T o w le & C o . o f B o s to n a t 105-17. T h e p r in c ip a l w i l l m a tn r e in fr o m t h r e e t o J lw e D ty -tw o y ea rs .

T l e f o l l o w in g is a c o m p le t e l is t o f b id s r e c e iv e d :Leland, Tow le & Co., B oston .,,.105*17Roberta & Co., New Y«.rk----------101*91W ilson & Stephens. New York .104*87Farson, Leach & Co., N. Y ...........101*79Seym our Bros. A Co.. N. Y ..104*67 N. YV. H arris A Co., New York.. 101 *56Street, W ykes & Co., N. Y ........ 104*.viYYalter Stanton A Co., N. Y ........ 103*9n5Bertron A Storrs, New Y ork ....103*95R. L . Day & Co., New York.........103*89L. W . M orrison, New Y ork .........103*87

Isaac W . Sherrill, Pou£rhkeepsiel03*85 C. H. W hite A C N «w York. ..103*71G eo. M Ilahn, New Y ork ........... 103*69Rudolph K leybolte A Co., N. Y..10Y61S. A. Kean Chicago ................103*60The Lam irecbt Bros. C ». Clev .103*51 Edw. C. Junes Cj.. -»ew York 103*279 E. B. Underhill. Jr.. New York 103*276 Benwell & Everitt, N ew Y ork ...103*18 J. & YV. Selimn » A Co.. N. Y . . . .1 0 c l0 W hann & Schlessinger, N. Y . . . . 103*03

F u l l e r t o n , C a l .— B o n d S a l e .— B onds t o th e a m m a t o f $20,000 h a v e b e e n s o ld b y th e W a t e r B ia r d o f F u lle r o n .

F r e m o n t , N e w a y g o C o u n t y , M ic h .— B o n d O ffe r in g .— P r o ­p o sa ls w ill be r e c e iv e d u n t i l A u g u s t 20, 1897, b y C. D . F o r e ­m a n , V i l l a g e C le r k , f o r th e p u r c h a s e o f $10 ,000 o f 5 p er c e n t e le c t r ic - l ig h t b o n d s . T h e s e cu r it ie s a re in d e n o m in a t io n s o f $1,000 e a c h , d a te d S e p te m b e r 1 ,1 8 9 7 T h e in te re s t w il l be p a y a b le a n n u a lly a t J . T . R e y n o ld s & C o . o f F r e m o n t . T h e p r in c ip a l w i l l m a tu r e a t th e r a t e o f $ 1 ,0 00 a n n u a lly , b e g in n in g S e p te m b e r 1. 1900.

G n l i i p o l i s , O h io .— B o n d S a le . — O n A u g u t 10, 1897, th e c i t y o f G a lb p o lis a w a r d e d $10,500 o f 5 p e r c e n t r e i e m j ' i o n b o n d s to R u d o lp h K le y b o l t e & C o ., C in c in n a t i , O b i \ , f o r §1 1 ,4 55 50. T h e f o l l o w i n g is a c o m p le t e l is t o f th e b id s r e c e iv e d :Rudolph K leybolte A Co.. Cincinnati..........Atlas National Bank, Cincinnati.................Seasongood A Mayer. Cincinnati..................N. Y\r. H arris & Sons. C h icago.....................Centreville National Bank. Thurman.........W . J. H ayes & Sons. Cleveland...................A . T . Sutherland, Agent, Gallipolis, Ohio,S. A . Kean, Chicago ........................................Trow bridge A C Chicago ...........................Farson, Leacn A Co., Chicago.....................

.$11,455 50

. 11.450 00 . 11,418 75 .. 11.268 00 . 11.188 CO . 11,090 00 . 11.080 00 . 10,893 75 . 10,605 00 . . 10,050 00

T h e s e cu r it ie s a re o f t h e d e n o m in a t io n o f $506, d a t e d A u g . 25, 1897; in te re s t is p a y a b le s e m i-a n n u a l ly a t t h e o f f i c e o f t b e C ity T re a s u re r a n d th e p r in c ip a l w i l l m a tu r e 20 y e a r s f r o m d a te o f issu e .

n i b s o n b a r g , O h io — B o n d O ffe r in g .— P r o p o « a 's w i l l b e r e ­c e iv e d u n t i l S e p t . 1, 1897, b y th e v i l l a g e o f G ib s o n b u r g , f o r th e p u rc h a se o f $ 10 ,000 ,o f 6 p e r c e n t s tr e e t im p r o v e m e n t b o n d s .

G ly n n C o u n t y , G a .— B o n d E le c t i o n .— A n e le c t io n w i l l b e h e ld in G ly n n C o u n ty o n A u g . 27, 1897, t o d e c id e tb e q u e s t io n o f is s u in e b o n d s t o p a y t b e c o s t o f a n e w c o u r t h ou se .

G r a f t o n , VY. Y a .— B o n d O ffe r in g .— P ro p o s a ls w i l l b e r e ­c e iv e d u n u l 12 o ’ c l o c k n o o n , S e p t e m b e r 1, 1897, b y A . R . W a r d e n , C h a irm a n o f th e F in a n c e C o m m it te e o f G r a f t o n , f o r th e p u rc h a s e o f $10,000 o f 5 p e r c e n t w a te r w o r k s e x t e n s io n b o n d s . T b e s e cu r it ie s a re in d e n o m in a t io n s o f $500 ; in te r e s t p a y a b le a n n u a l ly o n S e p te m b e r 1, a t th e F irs t N a tio n a l B a n k o f G r a fto n . T h e b o n d s w ill be d a te d S e p te m b e r 1, 1897, a n d t h e p r in c ip a l w ill m a tu r e S e p te m b e r 1, 1917 , w ith a n o p t io n o f c a l l t e n y e a rs fr o m d a te o f issu e . T h e b o n d s a re iss u e d p u rs u a n t w it h C h a p te r 141 o f tb e A c t s o f 1872 a n d 1873 o f th e L -g is la t u r e o f W e s t V ir g in ia , a n d w it h o r d in a n c e s p a ss e d b y t b e C o u n c il o f th e t o w n a n d ra t if ie d b y th e v o te r s t h e r e o f .

G r e e n f i e ld (M a ss ) F ir e D i s t r i c t N o . 1 — L o a n A u t h o r i z e d . — T h e d is t r ic t h a s a u t h o r iz ’ d a lo a n o f $3 000 f o r t b e use o f th e F ire D e p a itm e n t . T h e lo a n w i l l b e a r ia te r e s t a t t b e ra te o f 4 p e r ca n t , p a y a b le a t G r e e n f ie ld in c u r r e n c y , a n d w i l l m a tu r e $1,000 a n n u a lly , b e g in n in g O c to b e r 15, 1898. T h e d a te o f s a le h a s n o t y e t b een d e te r m in e d u p o n .

G r e e n T o w n s h ip , O h io .— R o a d b o n d s t o t t e a m o u n t o f $10,000 h a v e b een s o ld b y t b e T o w n s h ip C o m m it te e .

G r e e n w o o d , S . 0 . — B o n d E le c t i o n .— I t is r e p o r te d t h a t th e C o m m o n C o u n c il o f G r e e n w o o d w i l l b e p e t it io n e d to o r d e r a n e le c t io n to v > te o n is s u in g b o n d s f o r w a te r w o r k s a n d a n e l e c ­t r ic - l ig h t p la n t.

H e a ld s b u r g , C a l .— B o n d s P r o p o s e d — A p r o p i s i t i o n t o issu e f r o m $60 ,000 to §75,000 o f b o n d s f o r th e c o n s t r u c t io n o f a w a te r s y s te m w i l l b e s u b m it te d a t t b e n e x t m e e t in g o f th e B o a r d o f T ru ste e s o f t h e c i t y o f H e a ld s b u r g .

H e m p s te a d (N . Y .) U n io n F r e e S c h o o l D i s t r i c t N o. 23.— B o n d S a le . O n A u g u s t 12, 1897, th e S c h o o l d is t r ic t a w a r d e d t o W a lt e r S t in t o n & C o . $80 ,00 0 o f 5 p e r c e n t s c h o o l b o n d s . T h e f o l l o w i n g f irm s a ls o b id f o r t h e b o n d s , b u t th e P r e s id e n t o f th e B o a r d o f E d u c a t io n d e c l in e d t o s ta te th e a m c u n t s b id :W ilson A Stephens, New York. Farson, Leach A Co., New v ork. Seym our Bros. & Co., New York. Bertron A Storrs, New York.I. W . Sherrill A Co.. Poughkeepsie. S. A . Kean, Chicago.

I Edw. C. Jones Co., New York.E. IJ. U nderhill Jr., New Y ork .

I C. H . YVhite A Co., N ew York.| E. D. Shepard & Co., N ew York.

Leland, T ow le A Co., Boston.

H o l l y S p r i n g s , M is s .— B o n d s A u t h o r i z e d ,— A t th e e le c t io n h e ld in H o l ly S p r in g s o n A u g u s t 9 , 1897, th e p e o p le v o t e d o v e r w h e lm in g ly in fa v o r o f t b e is s u a n ce o f $43 ,000 o f b o n d s f o r t b e c o n s t r u c t io n o f w a te r w o r k s a n d a n e le c t r i c l ig h t p la n t .

I L a n t g v il le , T e x a s .— B o n d O ffe r in g .— R e fe r r in g t o t h e o f fe r in g in t b e C h r o n i c l e o f J u ly 31, 1897, s o l i c i t in g b id s f o r $12 ,590 o f 6 p e r c e n t w a te r -w o r k s b o n d s , w e a re n o w a d v is e d ih a t p ro p o s a ls w ilt be r e c e iv e d u n t i l S e p t e m b e r 7, 1897, b y J . G . A s h fo r d , M a y o r o f H u n ts v i l le . T h e s e cu r it ie s w i l l be in th e f o r m o f c o u p o n b o n d s o f $509 e a c h , d a te d J u ly 1, 1897, w it h in te re s t p a y a b le s e m i-a n n u a lly o n th e first d a y s o f J a n ­u a r y a n d J u ly a t th e H a n o v e r N a tio n a l B a n k o f N e w Y o r k C ity . T h e p r in c ip a l w i l l m a tu r e J u ly 1 , 1937, r e d e e m a b le a f t e r te n y e a r s f r o m d a te o f is s u e . P r o v is io n is m a d e in th e t a x le v y f o r a s in k in g fu n d o f 2 p e r c e n t . A H p ro p o s a ls m u s t b e a c c o m p a n ie d b y a c e r t i f ie d c h e c k f o r $250.

I p a r a , 111. - B o n d N e w s .— R e g a r d in g a r e p o r t th a t h a s b e e n c u r r e n t th a t t h e v i l la g e o f I p a v a h a s a u t h o r iz ’ d a n issu e o f b o n d s , w e a re a d v is e d b y M r. B . E . F le m in g , V i l la g e T r e a s ­u r e r , th a t th e r e p o r t is w i t h o u t fo u n d a t io n a n d th a t th e v i l ­la g e d o e s n o t e x p e c t to issu e a n y b o n d s at p resen t.

J a m a ic a (N . Y .) U n io n F r e e S c h o o l D i s t r i c t N o 7 .— B o n d O ff e r in g .— S e a le d p ro p o s a ls w i l l b e r e c e iv e d u n t i l 8 o ’ c l o c k P .

A cgcst 14, I897.J T H E C H R O N l t 'L E . 2 9 3

M,, A u g . 14. 1837, b y t h e B o a r d o f E iu c a t i o n , U n iv e r s i t y P la c e a n d R o c k a w a y P la n k R o a d , W o o d h a v e n , f o r th e p u r ­c h a s e o f $ 88 .0 0 o f 5 p e r c e n t r e g is te r e d c o u p o n b o n d s , T h e s e c u r it ie s a re in d e n o m in a t io n s o f $1 ,000 e a c h , w i t h in te r e s t p a y a b le s e m i-a n n u a lly o n th e f i f te e n th o f Fd o r n a r y a a d A u ­g u s t , e x c e p t th a t th e in te re s t f o r th e firs t y e a r w i l l b e a n n u a l a n d p a id A u g . 15, 1898. T n e p r in c ip a l w il l m a tu r e a t th e ra ce o f $2 ,000 a n n u a lly , b e g in n in g w ith th e y e a r 1910,

E a c h b id m u s t b e a c c o m p a n ie d b y a c e r t i f ie d c h e c k f o r $ 1 ,0 00 , p a y a b le t o th e o r d e r o f F r a n k lin H . C o r w in , T re a s u re r , a n d d r a w n u p o n a S ta te o r n a t io n a l b a n k .

L a n c a s t e r , O h io .— B o n d O ffe r in g .— S e a le d p ro p o s a ls w i l l b e r e o i v e d u n t i l 13 o ’ c l o c k n o o n , A u g u s t 17, 1897, b y H . T . M e c h l io g , C le r k o f th e c i t y o f L a n c a - t - r , f o r th e p u r c h a s e o f $10 ,000 o f 6 p e r c e n t b o n d s . T h e s e c u r it ie s a r e in d e n o m in a ­t io n s o f $1 ,000 , d a t -d A u g u s t 1, 1891, a n d a re t h e f o u r th s e r ie s , r e d e e m a b le fiv e y e a rs f r o m d a te o f issu e . T h e b o n d s a r e issu ed f o r t h e p u rp o s e o f e r e c t in g a n e w c i t y h a ll, p orsu a n t w i t h s e c t io n s 3883 , 3837 a n d 9 83 9 o f th e K m s e d S ta tu te s o f O h io , p a ssed J u n e 8 , 1*89*5. In te re s t w i l l b e p a y a b le se m i a n n u a lly . B o n d s w ill be p a y a b le a t th e o f f i c e o f th e C ity T re a s u re r a n d w ill be s o ld f >r n o t leas t b s a p a r a n d a c c r u e d in te re s t , A c e r t i f ie d c h e e k f o r th e s u m o f $20® m u s t a c c o t n p a n y e a ch p r o p o s a l.

L e e c h b u r g , P a .— B a n d fk tle .— Q a A u g u s t 11, 1897, th is m u n ic ip a l it y a w a r d e d $21 ,800 o f 5 p e r c u n t b o n d s to th e D o l la r S a v in g s B a n k o f P i t t ib u r g a t IOS'36.

L e w t - t o n , H e .— B o n d O ffe r in g ,— P ro p o s a ls w il l b e r e c e iv e d u n t i l 7 o 'c l o c k P. M ., S e p t e m b e r 8 , 1897, b y th e c i t y o f L s w ia - t o n , f o r th e p u rc h a s e o f $ i0 0 ,0 t0 o f 4 p e r c e n t r e fu n d in g b o n d s . T h e s e cu r it ie s a re t o b e iss u e d t o r e fu n d w a te r b o n d s m a t u r ir g O c to b e r 1 , 1897. In te re s t w ill b e p a y a b le s e m i­a n n u a lly in A p r i l a n d O c to b e r , a t B o s t o n , M a ss ., o"r L e w is to n , M e ., a n d th e p r in c ip a l w ill m a t u r e in th ir t y y e a r s t r o m d i t e o f issu e . P r in c ip a l a n d ia te r e a : w ill b e p a y a b le in g o ld .

L o s A n g e le s , I ’a t .— J M i P r o p o s e d .— T o e C ity C o u n c il o f L o # A n g e l . - - h a s u n d e r c o n s id e r a t io n a p ro p o s it io n to p u t t a v o t e o f th e p e o p le th e q u e s t io n o f is s u in g b o n d s f o r th e c o n s t r u c t io n o f a s y s te m o t w a te r w o r k s . T he c o s t is e i t i m a t e d a t $335,000.

L o w e d , h a an,— B o n d S a le ,— T h e L o w e l l I n s t itu t io n f o r S a v ­in g s w a s a w a r d e d th e $ 43 ,00 0 o f 4 p e r c e n t s c h o o l-h o u s e b o n d s . T h e a m o u n t p a id f o r th e s e cu r it ie s « 103 73 a n d $29 p r e m iu m . T h e p r in c ip a l w ill m a tu r e in f r o m o n e t o ten y e a rs .

M a h a tm y C l i y , Pa,—R o n d S a le ,— P ro p o s a ls w e r e r e c e iv e d b y th e b o r o u g h o f M a h u a o y C it y or. A u g u s t 10, 1897, f o r th e p u r c h a s e o f $17 ,000 o f 4 p er c e n t 1 0 -2 5 -yea r (o p t io n a l) p a v in g b o n d s . M r . E w S . R e in h o ld , B ore u g h S e c r e t a r y , w r it e s th a t t h e b o n d s w e r e o n ly c o n d i t io n a l ly a w a r d 'd , a n d t h a t a list o f th e b id * » ill d < t o e a v a ila b le f o r p u b l ic a t io n u n t i l th e sate h a s b e e n f u l l y c o n s u m m a te d .

M a n h a t t a n . K a n .— B a n d S a le .— T h e B o a r d o f E d u c a t io n o f th e c i t y o f M a n h a tta n h a s s o ld t o th e S ta te S c h o o l F u a d O o tn in ir r lo n e rs « t p a r $3 ,100 o f 3 p e r c e n t s c h o o l b o n d s . T h e s e c u r it ie s a r e in d e n o m in a t io n s o f $1 ,000 e a c h , w ith In terest p a y a b le s e m i-a n n u a l ly . T h e p r in c ip a l w il l m a tu r e a t t h e ra te o f $1 ,001 a u n u n lly , b e g in n in g J u ly 1, 1902.

M a n s l le l i i , Oh in . - B o n d O ffe r in g .— M r. J . P . H e n r y , M a yor , g iv e s n o t ic e i h » t p ro p o s a ls w il l b e r e c e iv e d u n til 2 o ’c l o c k P. M ., A u g u s t S3, 1897. f o r th e p u r c h a s e o f th e f o l l o w in g 0 p e r c e n t »tr»et-a .—e w -m -n t b o n d s :„ .. ¥ c»f im tli'® DiBpose o f wB^roftUtf W<N*t Second g

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C o o k h a v e a u th o r iz e d th e is s u a n ce o f b o n d s t o t u e a m o u n t o f |10 ,000 t o a id E e d w i l i o w C o u n t y in b u i ld in g a n e w c o u r t -

M a r io n C o u n t y . O h io ,— B o n d S a le .— S e a a o n g o o d & M a y e r , C in c in n a t i . O ., h a v e b e e n a w a r d e d $12 ,413 o f 1 p e r c e n t 4 y e a r a n d 7 m o n th s (a v e r a g e ) p a v in g b o n d s o f M a r io n C o u n ty a t 104-438.

M a r q u e t t e , M ie it ,— B o n d O ffe r in g . — S e a le d p ro p o s a ls w ill b e r e c e iv e d u n t i l 12 o 'c l o c k n o o n , A u g . 80, 1897, b y F ra n k P e n d il l , S e c r e t a r y o f th e L ig h t a n d P o w e r C o m m is s io n o f th e

c i t y o f M a rq u e tte , f o r th e p u rc h a s e o t $25 ,000 o f 5 p e r c a n t b o n d s f o r th e p u rp o s e o f in c r e a s in g t h e c a p a c i t y o f th e l ig h t a n d p o w e r p la n t. T h e s e cu r it ie s w ill b e d a te d .Sept. 1, ls9 7 , w it h in te re s t p a y a b le s e m i-a n n u a lly . T h e p r in c ip a l w i l l m a tu r e S e p t . 1 , 1913, a n d w ill b e p a y a b le a t th e o f f i c e o f th e C it y T re a s u re r .

M a r t in s F e r r y , O h io . — B o n d S a le .— T h e t o w n r e c e n t ly a w a r d e d t o S p it z e r & C o , , o f B o s t o n , a t p a r , $22 ,198 o f 5 p e r c e n t I f ' ( y e a r (a v e ra g e ) fu n d in g b o n d s a n d $6,879 o f 5 p e r t* ® * *1 > e -*r (a v e ra g e ) * t r e a t - im p r o v e m e n t b o n d s ,

B o n d O ffe r in g ,— S e a le d p ro p o s a ls w il l b e r e c e iv e d u n t i l 12 o c l o c k n o o n ( c e n tr a l s ta n d a rd t im e ) , A u g u s t 28, 1897, b y R ic h a r d F . I le n d e r , C r y C le r k , f o r t h e p u rc h a se o f th e f o l ­l o w in g b o n d s :

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T h e firs t b o n d o f e a c h o f th e a b o v e se r ie s w i l l b e p a y a b le o u t o f th e fu n d s o f t h e r e s p e c t iv e d is t r ic t s o n th e firs t d a y o f M a r c h , 1899, a n d o n e b o n d e a c h y e a r t h e r e a f t e r u n t i l a l l a re p a id .

T h e in te re s t w i l l b e a t th e ra te o f 9 p e r c e n t , p a y a b le s e m i­a n n u a l ly o n t h e firs t d a y s o f M a r c h a n d S e p te m b e r , T h e s e cu r it ie s a r e issu e d u n d e r a n d p u rs u a n t t o th e p r o v is io n s o f S e c t io n 27u4 o f che R e v is e d S ta tu te s o f O h io a n d a n o r d in a n c e o f th e c i t y o f M a rtin s F e r r y p a ss e d J u ly 17, 1897. N o b id s w ill b e r e c e iv e d f o r le ss th a n p a r ,

M e m p h is , M o .— B o n d I s s u e rD e fe a t e d .— O w in g t o t h e la te n e ss o f th e s e a s o n th e C it y C o u n c il o f M e m p h is h a s d e ­c id e d l o d e fe r ta k in g a D y a c t io n u p o n th e p r o p o s e d issu e o f $ 2 ,(0 0 o f w a t e r -w o r k s b o n d s . T h e q u e s t io n w i l l be b r o u g h t u p a g a in e a r ly n e x t y e a r .

M e m p h is , T e a m — T en d ers o f B o n d s W a n te d — S ea led p r o ­p o sa ls w ill lie r e c e iv e d b y W . L . C la p p , M a y o r o f M e m p h is u n til 12 o ’ c l o c k n o o n , A u g u s t 26, 1897, f o r th e sa le t o th e c i t y o f M e m p h is o f $20 ,000 in b o n d s , o f e ith e r th e T a x in g D is tr ic t o r i h e e i i y o f M e m p h is . A d e s c r ip t io n o f th e b o n d s o f fe r e d m u s t a c c o m p a n y e a ch p r o p o s a l a n d th e b o n d s s o o f f e r e d m u s t h a v e th e J a n u a r y , 1898, a n d a ll s u b s e q u e n t c o u p o ns a t ta o h e d .

U l lw n u k e e , IV’ l -— B o n d s P r o p o s e d .— ta n C o m m o n C o u n ­c i l o f th e c i t y o f M ilw a u k e e h a s u n d e r c o r s id e -ra tion a n o r ­d in a n c e p r o v id in g f o r th e i s s u a n c e o f s c h o o l b u d s t o th e a m o u n t o f $120 ,000 .

M is s o u r i V a l l e y ( l a . ) S c h o o l D i s t r i c t — B o n d N ate.— T h e s c b o .d d i f t r i c t a w a r d e d t o th e F irs t N a lio n a l B a n k o f C h ic a g o at p a r §8.i op o f 5 p e r c e n t b o n d s . B id s w e r e a ls o r e c e iv e d f r o m N . W , H a rr is & C o . o t C h ic a g o a n d o t h e r s . - T h e r e w a s

n o p u b lic s a le .M L H e a lt h y , O h io . — B a n d O ffe r in g .— P r o p o s a ls w i l l b e r e ­

c e iv e d u n til 12 o 'c l o c k d o o d , S e p te m b e r 8 , 1897, b y A . B . D o n a m , V il la g e C le r k , f o r th e p u r c h a s e o f $5 ,000 o f 6 p e r c e n t b o n d s . T h e s e cu r it ie s a re 1 3 d e f r a y th e v i l la g e ’s h a l f o f th e e x p e n s e o f im p r o v in g th e s id e w a lk s , a n d a re issu ed p u r ­s u a n t w ith a e c t im s 3 3 3 1 1.3 3 8 4 b a n d 2 3 1 4 :, O h io R '.vised S ta tu te s , a n d b y a u t h o r it y o f a n o r d in a n c e o f th e C o u n c i l p a ssed J u ly 19. 1897.

T h e b o n d s w i l l b e in d e n o m in a t io n s o f #500 e a c h , d a te d S e p te m b e r 1, 1897; in te re s t w i l l b e p a v a b le s e m i-a n n u a l ly a n d th e p r in c ip a l w ill m a tu r e $500 a n n u a l ly , b e g in n in g S e p - te tn b e r 1, 1898. B o t h p r in c ip a l a n d in te re s t w ill be p ty a b le a t th e F o u r th N a lio n a l B a n k o f C in c in n a t i . N o b id w il l be r e o iv e d ( o r leas th a n p a r , a n d b id d e r m u s t a ls o p a y a c c r u e d in te re s t,

M t. M o r r i s X , V .— B o n d s I lc -a v : t r u e d ,— W e a re in fo r m e d th a t t h e M t. M o r r is s c h o o l b o n d s h a v e b een re -a w a r d e d to P e te r D r p u y , o f N u o d a , o n th e b asis o f b o i d s b e a r in g p e r c< n t li t iT c s t at p a r . W . J . H ay* s & S o n s ra ise d th e o b je c t i o n th a t t h e iq t c ia l i c h o o l m t e t in g s h o u ld t a v c b e e n a d v e r t is e d

f o u r w t i k s , w h ile th e t c h c o l d is t r i c t is w o r k in g u n d e r a sp e c ia l c h a r te r w h ic h g iv e s t h e B o a rd o f E d u c a t io n tun p o w e r to c a l l s s p e c ia l m e e t in g f o r a n y a n d a ll p u rp o s e s o n t w o w e e k s ' n o t ic e . T h e B o a r d o f E d u c a t io n b r in g in im m in e n t n e e d o f th e m o n e y d e e m e d it f o r th e b e st in te r e s t o f th e d is ' r ice to r e -a w a r d t h e b o n d s to P e t e r D e p u y , as h e l iv e s w it h in a f e w m ile s o f th e p la c e , a n d a sa le a n d d e l iv e r y w a s a m a tte r o f hut a f e w h o u rs .

M t. V i-r n o u , N . ¥ ,— B o n d S a l e .— O n A u g u s t 9 , 1897. th ec i t y o f M t. V e r n o n a w a r d e d t o E . B . U n d e r h il l o f N e w Y o r k a t H S -2 j th e $ 50 ,00 0 o f 5 p er c e n t d y - a r a ss e ss m e n t b o n d s .

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N e « h . - r n , T e r m .— B o n d O f f e r in g .— P ro p o s a ls w ill b s r e ­c e iv e d u n til 2 o 'c l o c k i*. M. A u g u s t 2 1 ,1 -9 7 , b y J . S . M c C o r k le , M a y o r o f N e w h e r n , fu r t h e p u r c h a s e o f $15 ,000 o f 9 p e r c e n t t o w n b o n d s . T h e s e cu r it ie s w i l l b e d a te d S e p te m b e r 1, 1897, a n d a re u e d p u r s u a n t t o th e p r o v is io n s o f a n a c t o f th e D e n e ra l A s s e m b ly , a p p r o v e d A p r i l 29, i807 . T h e in te re s t w il l b e p i y a b le s e m i-a n n u a l ly o n th e firs t d a y s o f M arcn a n d S e p ­te m b e r « t th e o f f i c e o f th e M a y o r , T h e p r in c ip a l w ill m a tu r e S e p te m b e r 1 ,1 9 1 7 . A H S ia t e t a x w ill b e p a id b y th e t o w n , P ro p o s a ls m u st b e a c c o m p a n ie d b v a c - r t in i -d oh« c k f o r $250,

N t-w H a v e n , C o n n — B o n d s A u t h o r i z e d — O n J u ly 8 0 ,1 8 9 7 , th e G u n c i lr o e n o f N e w H a v e n c o n c u m d w i ih th e A ld e r m e n in a u t h o r iz in g th e : s u in g o f $ t9 5 ,0 0 0 o f b r id g e b o n d s t o b e u sed o n b o th th e in te n d e d C h a p e l S tr e e t b r id g e s .

N ew R o c h e l l e , N, ¥ .— B o n d s A u t h o r i z e d . — A t th e e le c t io n h e ld in N e w R o c h e l le o n A u g u s t 8 ,1 8 9 7 , th e $25 ,000 o f s tr e e t- im p r o v e m e n t b o n d s w e r e a u th o r iz e d .

N e w t o n , M a ss .— C h a r ie r E l e c t i o n .— A t t h e r e g u la r S ta te e le c t io n t o b e h e ld in N o v e m b e r , th e c it iz e n s o f N e w t o n w i l l v o te o n th e a d o p l i o n o f th e n e w c i t y c h a r te r w h ic h w a s p a ssed b y t b e la s t L e g is la tu r e .

N o r r i s i o w n , P a . B o n d O ffe r in g .— S e a le d p ro p o s a ls w i l l b e r e c e iv e d u n t i l 7 :3 0 v M ,, A u g u s t 29, 1897, b y F r a n k L . S m i t h , C h a ir m a n o f th e F in a n c e C o m m it te e , P o w e l l a n d F o r n a n c e S tre e ts , N o r r is to w n , P a . , f o r t h e p u rc h a s e o f t h e w h o le o r a n y p a r t o f a lo a n o f t h e b o r o u g h o f N o r r E t o w n to th e a m o u n t o f $200,000, T h e lo a n is to be iss u e d b y o r d in a n c e d u ly e n a c te d a n d a p p r o v e d a n d w it h t h e c o n s e n t o f t h e e l e c ­to rs o f th e b o r o u g h , o b ta in e d a t a s p s c ia l e le c t io n . T h e se­cu r it ie s w i l l b e r e g i s t e r 'd an ti d a te d O c to b e r 1, 1807 . T h e y w if i b e e x e m p t f r o m S ta te ta x a t io n . In te re s t a t th e r a te o f 3% p e r c e n t w il l be p a y a b le s e m i- a n n u a l ly a t th e o f f i c e o f th e B o r o u g h T re a s u re r o r b y c h e q u e m a ile d t o th e re g is te re d h o ld e r o f th e b o n d s . T w e n t y th o u s a n d d o lla r s o f th e lo a n w ill b e o f t b e d e n o m in a t io n o f $500 a n d th e b a la n o e o f s u c h

T H E C H R O N I C L E . IV o l . L X V .2 9 4

■ d en om in a tion as th e p u rc h a s e r m a y d es ire . T h e p r i c e p a l w i l l m a 'u r e O c t o b e r ! , 1927, s u b j - o t t o c a l l a f t e r O c to b e r 1, 1902. E »ch b id m u s t be a c c o m p a n ie d b y a c e r t i f ie d c h e c k fo r 2 p e r ce i t o f t b e a m o u n t b id , p a y a b le to t h e o r d e r o f S im o n P a g e l , B o r o u g h T re a s u re r . T h e p re s e n t b o n d e d d e b t o f th e b o r o u g h is r .p r e s e n t e d b y o u t s ta n d in g b o n d s a g g r e g a t in g $170 ,4 ' 5 . T b e a sse s -e d v a lu a t io n fo r 1897 a g g re g a te s $ 9 ,- 278 ,690 ; tb e to ta l tatc (p e r $1 ,000) is $12 50. a n d tb e p o p u la t io n in 1896 w a s e s t im a te d at 22,000.

O h io S ta t e U n iv e r s i t y — B o n d S a le .— T h e f o l l o w in g is a c o m p le t e lis t o f b id s r e c e iv e d A u g u s t 4 , 1897, f o r $100,000 o f 4 14 p er c e n t c e r t i f ic a te s o f in d e h 'e d n e -s o f th e O n io S ta te U m v e is i y . A s r e p o r t d in th e C h r o n i c l e o f la st w e e k , th e lo a n w a s a w a r d e d to E . H . G a y & C o .:E. H . Gay & Co., Boston............First Nat. Bank, Columbus. . . . The Lam orecht Bro*. Co..Clev.Street. W ykes & Co., JL Y .......Seasoniroo 1 k Mayer. Cin.........N. W. HarMs k Co., C h icago.. . N. Y. Security & Trust C o.........

+ Flat. ♦ Bid irregular.

101*310 | E. D. Shepard & Co.. N. Y ....... 103-3501 4*')5l Mason. Lewis & C>., Chicago.. 10 *110 103*870 I Dietz. Denison k Prior, Clev. . I"3*li010 i'8 0 Tro-vbridge <&• Co.. Chicago....... 103-070l'»3'42ft | Farson Leach & Co , X. V.. 104-077103-417 I Clinton Nat. Hank. Colum bus.. 1>2- »26 103*300 K udoloh K leybolte A Co.. C in ..+104*939

| S. A. Kean. Chicago.......... .........$lo2’50J

O s w e g o , V. X. — B o n d s P r o p o s e d .— W e a re in fo r m e d b y M r. A . H . F a ilin g , C h a m b e r la in o f th e c i t y o f O s w e g o , th a t th e issu e o f $15,000 o f s c h o o l b u i ld in g b o n d s is s t i l l u n d e r c o n s id e r a t io n b y th e C o m m o n C o u n c i l . I f issu ed th e s e b o n d s w il l b e a r u t e r i s t a t th e ra te o f 3 % p e r c e n t a n d w ill m atu re in f r o m o n e t > f iv e y e a rs .

OW ' 890, M ic h — B o n d s A u t h o r i z e d .— T h e C o m m o n C o u n c il o f O w isso h as p a ssed a r e s o lu t io n a u t h o r iz in g th e is s u in g o f $35 ,000 o f p a v in g b o n d s . T h e c i t iz e n s v o te d fa v o r a b ly o n tb e p r o p s - d issu e J u ly 7, 1897.

O y s t e r B y , N. V.— B o n d N e w s .— A r e p o r t h a s b een p u b ­lish e d th a t N . W H a n i s & C o . h a v e l e lu s e d t o a c c e p t tb e $50,000 < f O v s te r B a y b o n d s a w a r d e d t o t h e m J u ly 31, 1897, a t 108-27. W e a r e in fo r m e d b y th e fir m ih a t th is r e p o r t is w it h o u t fo u n d a t io n , th a t th e y h a v e n o t r e fu s e d th e b on d s, a n d a t tb e p re s e n t w r it in g th e re is n o l ik e l ih o o d o f th e ir d o in g so .

Passaic, N . J. — B o n d S a l e .— O i A u g u s t 6, 1897, th e c i t y o f P a s s a ic a w a r d e d th e $50 O R) o f 4 )^ p -r c e n t b o n d s t o N , W H a r r is & C >. o f N e w Y o r k a t l n 9 ’069. T h e f o l l o w in g is a c o m p le t e lis t o f b id s :N. W . H arrls & C o„ New Vark....109-069 I Benwell & Evcritt, New York 108-16P ater-on SavlnKs Inst ........... 108-00 M acully & P aterson ........................10 i-09V r. 1-------107-615 I Parson. Leach & Co.. N. Y .................................................... 106-03E .C Jones Co., New Y ork .......... . . . _ .3. & W Heiigman & Co. X . Y ___j 07-25W alter Sian-on & Co., N. Y .. .. 107*15 W . E. Smith Xew Y ork ..............100*60

I W ilson & Stephens. Xew York. .105*82 Rudolph K ieybolteA Co.. N. Y ..105*75

l Paterson Dep. & Trust C o .........105*66

T h e lo a n is in th e f o r m o f c o u p o n b o n d s o f $1,000 e a ch , w it h p r iv i le g e o f r e g is t r a t io n , at d d a te d J u ly 1, 1897. T h e in t e n s i w ill b e p a y a b le s e m i-a n n u a lly , a n d ib e p r in c ip a l w ill m a tu r e as f o l l o w s : $5,000 J u ly 1 ,1 9 1 3 ; $5,000 J u ly 1 m p $10,000 J u ly 1, 1915; $15 ,00 0 J u ly 1, 1916, a n d $15,000 J u ly 1, 1917. B a h p r in c ip a l a n d in te re s t w il l b e p a y a b le a t the P a ss a ic N a t io n a l B a n k .

P a t e r s o n , N. J .— B o n d O f f e r i n g .— P ro p o s a ls w i l l b e r e ­c e iv e d u n t i l A u g u s t 8 l , 1897, b y t h e c i t y o f P a te r so n fo r the p u rc h a s e o f $64,i>00 o f 5 p e r cen t, b o n d s , t o b e issu e d fo r t b e p u rp o s e o f n b u i ld in g th e W e s t S tr e e t b r id g e .

P e r t h A m b u y , M id d le s e x c o u n t y , N. J .— B o n d O ffer ­in g .— S e a le d p ro p o s a ls w ill b e r e c e iv e d u n til 8 o ’c lo c k P . M . A u g u s t 23, 1897, by G a rr e t B r o d h e a d , C it y T re a su re r o f P erth A m b o y , f o r th e p u rc h a se o f th e w h o le o f $18,900 o f p er c e n t g o ld c o u p o n b o n d s . T h e b o n d s a re issu ed fo r th e p u r­c h a s e o f g r o u n d a n d th e c o n s t r u c t io n o f a s c h o o l b u ild in g . T Qntc u , ’ tl<:s k e *u d e n o m in a t io n s o f $1,000, d a ted J u ly 1, 1897; t h e in te re s t w il l be p a y a b le s e m i-a n n u a lly o n th e first d a y s o f J a n u a ry a n d J u ly a t th e M id d le s e x C o u n ty B a n k o f P e r th A m b o v , a t w h ic h p ia c e th e p r in c ip a l w il l a lso be p a y ­a b le J u ly 1, 19t7 . T h e b o n d s a re issu e d u n d e r t h e L a w s o f N e w J e r s e y o f M a rc h 22, 1895.

P i t t s b u r g (P a ), P e e b l e s S u b -S c h o o l D i s t r i c t — B o n d S ale — S o m e l im e a g o ib is e c h o o l d is t r ic t t o ld a n issu e o f b o n d s t o tb e a m o u n t o f 820,000.

P i t t s f i e ld , M u s s .— N o t e i A u t h o r i z e d .— T h e c i t y o f P itts fie ld r e c e n t ly a u th o r iz e d the is s u in g o f tb e f o l l o w in g n o te s : I

S5.0D0 fo r w a te r e x te n s io n .§5 ,0 0 0 fu r s e w e rs . *

? ' ? ' K e D L td y , C ity T re a s u re r , a d v ises us th a t h e is n e t l ik e ly to b o r r o w o n th ese n o t s f o r s o m e t im e to c o m e

P o l k C o u n t y , M in n .— B o n d S a le .— P o lk County aW ard^d last m o n t h th e $36,090 o f 5 }£ p e r c e n t d it c h b o n d s t o F , R F u lto n & C o . o f G r a n d F o r k s , N . D . , a t par. T h e s- cu r it ie s a re in d e n o m in a t io n s o f $500 e a ch , d a te d J u ly 15, 1897* in terB a n t 'l o f bV >ay:f B.a D llu » I|y 0D J u ly 15 a t th e C h a se N a tio n a l B a n k o f N e w Y o r k , a n d th e p r in c ip a l w i l l m a tu r e in ten y e a r s f r o m d a te o f issu e .

t P u e b l o C o u n t y (C o l . ) S c h o o l D i s t r i c t N o , 1 . - B o n d O fferiw ?A _ .P r o .p0u a l'^ w i 11 b e r t c m v e d u n til 3 o ’c lo c k p. 51 S ep t ,8 1 8 9 1, by J o h n C L a ts b a w , S e c r e t a r y o f th e D is tr ic t , for^ ib e p u r c h a s e o f $140,010 o f 5 p er c e n t g o ld r e fu n d in g b on d s T he s e c u r it ie s w ill be m d e n o m in a t io n s o f $1,000, d a te d O c t . 15 1897. In te re s t w il l be p a y a b le se m i a n n u a lly a t th e F ir s t N a ­t io n a l B a n k o f N e w Y o r k C it y o r a t th e o f f ic e o f the C o u n tv T r e a t -u n r . T h e p r in c ip a l w ill m a tu re O c to b e r 15, 1917 but th e bor d s w ill b e r e d e e m a b le a fte r 19 7. T h e loa n is issuert tm d e r S e c t io n 4 ,066 , M ills ’ A n n o ta te d S t i 'u t e s (as a m e n d e d b y th e A c t o f A p r i l 8 , 1897,) a n d S e c t io n s 4 ,067, 4 ,068 and 4 969

2 : i ® 3a -»M K r$198 ,000 , a n d th e fi o a t iD ^ e b t ,* $44?’ G S ^ T h e 'T s s - V e d ^ a l u v

t io n f o r 1897 is $6 ,429 ,022 a n d th e re a l v a lu a t io n a b o u t $ 22 ,- 000 .000 . T h e p o p u la t io n o f th e d is t r ic t is a b o u t 18 ,000 .

(J u een a C o a n t y , N. X .— L o a n A u t h o r i z e d .— C o u n t y T re a s ­u re r C h a r le s J . P u ip p s h a s b e e n a u th o r iz e d t a b o r r o w $ 3 0 ,0 0 0 f o r 4 m o n th s , t o be u se d in p a y in g b ills n o w d u e a n d s o o n t o a c c r u e .

(J u in n » s e c , M ic h .— B o n d S a l e .— T h e t o w n o f Q u in n e s e c h a s s o ld th e $5 ,000 o f s c h o o l h o u s e b o n d s r e c e n t ly a u t h o r iz e d a t a s p e c ia l e le c t io n .

R o c k l a n d , H e — T e m p o r a r y L o a n .— R e g a r d in g a r e p o r t th a t h a s b een c u r re n t t h a t t b e c i t y o f R o c k la n d h a d n e g o t ia t e d a la rg e lo a n w it h F . S . M o s e ly & C o ., w e a re in fo r m e d b y M r. E v e r e t t A . J o n e s , C ity T re a s u re r , th a t th is is in c o r r e c t . O n A u g u s t 3 , 1897, h o w e v e r , th e N a t io n a l B a n k o f t h e R e p u b l i c o f N e w Y o r k lo a n e d th e c i t y a s m a ll s u m to m a tu r e in th re e m o n th s .

R u t h e r f o r d , N . J . — B o n d s P r o p o s e d .— T h e B o r o u g h C o u n c il o f R u t h e r fo r d has u n d e r c o n s id e r a t io n th e q u -s c io n o f is s u in g $60 ,990 o f b o n d s t o p a y t h e c o s t o f m a c a d a m iz in g a n d g r a d ­in g th e s tre e ts o f th e b o r o u g h .

S a g in a w , M i d i .— B o n d S a l e . - O n J u ly 26 , 1897, t h e c i t y o f S a g in a w a w a r d e d t o th e S a g in a w C o u n t y S a v in g s B a n k $3,000 o f 5 p e r c e n t s e w e r b o n d s . T h e f o l l o w i n g is a lis t o f th e b id s r e c e iv e d :

SaainawCo. Savings Bank........lot-18351 G eo.L. B u rrow s*C o ., Savinaw..t00-00East Saginaw Savings Bank ...lutMO I Forest L air Tr. Co.. Saginaw.. 100-00

T h e s e cu r it ie s a re iu d e n o m in a t io n s o f $3 )0 e a c h a n d d a te d A u g u s t 1, 1897. T h e in te re s t w il l b e p a y a b le s e m i a n n u a l l y a n d th e p r in c ip a l w il l m a tu r e a t th e r a t » o f $300 a n n u a l ly f r o m A u g u s t 1, 1893, t o A u g u s t 1, 1907 B o h p r in c ip a l a n d in te re s t w ill be p a y a b le a t th e o f f ic e o f t b e C it y T re a s u re r o r a t th e c u r r e n t o f f ic ia l b a n k in N o w Y o r k C h y . T h e b o n d s a r e issu ed u n d e r auth - r i t y o f th e c i t y c h a r te r , p u rs u a n t t o a r e s o ­lu t io n o f t h e C o m m o n C o u n c il p a sse d J u n e 2 1 .1 89 7 .

S t. C h a r le s (111.) S c h o o l D i s t r i c t .— B o n d s A u t h o r i z e d .— T h e S t . C h a rles T o w n s h ip S c h o o l D is t r ic t h a s a u i h o n z -d t h e is s u in g o f $L5,000 o f 5 p er c e n t b o n d s fo r th e p u r p o s e o f b u i ld ­in g a n e w h ig h -s c h o o l . T h e s e cu r it ie s w i l l m a tu r e a t th e ra te o f $1,900 a n n u a l ly , b e g in n in g 1899.

S a in t C lo u d , M ia n — B o n d S a le .— T h e F in a n c e C o m m it te e o n A u g u s t 3 , 1897, s o ld t o th e F ir e m a n ’s R - l i e f A s s o c id fi o a a b o n d f o r $1 ,000 , t o b e a r in te re s t a t 6 p e r c e n t a n d t o m a tu r e o n e y e a r f r o m d a te o f issu e . T h e b a n k s w i l l ta k e t h e r e m a in ­in g $4,000 o f t h is issu e .

S a le m , O h io — B o n d S a l e — O n A u g u s t 10, 1897 , th e c i t y o f S a le m a w a r d e d th e $6,590 o f s e w e r b o n d s t o W J . H a y e s & S o n s , o f C le v e la n d a t 101-64. B id s w e r e a ls o r e c e iv e d f r o m T b e L a m p r e c h t B ro s . C o . o f C le v e la n d a t 101-195 a n d f r o m R* V. H a m p s o n o f^ S a le m a t p a r . T h e a e c u r ii ie s a r e in d e - n o m in a t io n s o f $650, p a y a b le o n e b o n d a n n u a l ly . I n te r e s t w il l be a t t h e r a te o f 6 p e r c e n t , p a y a b le a n n u a lly .

B o n d O ffe r in g ,— S e a le d p ro p o s a ls w i l l be r e c e iv e d u n t i l 12 o c l o c k n o o n , A u g 23. 3897, b y F . W . A l l i s o n , c i t y c l e r k , f o r the. p u r c h a s e o f $8,700 o f 6 p e r c e n t s e w e r b o n d s . T h e- s e cu r it ie s a re to b - issu ed f o r th e c o n s t r u c i i o n o f a s e w e r in Earn M a in S tr e e t , p u rs u a n t to t h e s ta tu te s o f O h io a n d o f a n o r d in a n c e o f th e c i t y p assed J u n e 1, 1897. T h e y w il l b e d a te d A u g . 23, 1 9 9 1. In te r e s t w i l l b e D a v a b le a n n u a lly a n d t h e p r in c ip a l w i l l m a tu r e a t th e r a te o f $870 a n n u a lly .

S e a le d b id s w ill a ls o be r e c e iv e d u n 'i l 12 o ’ c l o c k n o o n . S e p t . 11, 1897, b y F . W , A l l i s o n , c le r k o f th e c i t y o f S a le m , f o r th e p u rc h a se o f $2 ,143 50 o f 6 p e r c e n t b o n d s , t o b e issu e d f o r th e c o n s t r u c t io n o f a s e w e r in N o r th U n io n S tr e e t , a n d f o r $3 ,000 o f 6 p er c e n t b o n d s f o r p a v in g C h e s tn u t S tr e e t . B o th o f th e s e lo a n s a re t o b e iss u e d p u r s u a n t to th e s ta tu te s o f O h io a n d o r d in a n c e s o f th e c i t y p a sse d J u lv 6, 1897. B o t h issu es w i l l be d a te d S e p t . 11, 1897. In te r e s t w i l l b e p a y a b le

™ ^ rst m e n t io n e d lo a n w i l l m a tu r e a t th e r a t eo t § 4 7 0 p e r a n n u m a n d th e o th e r a t t h e ra te o f $500 p e r a n n u m .

S a n d s t o n e M in n . B o n d S o le ,— U n d e r an a c t o f th e L e g is ­la tu re , a u t h o r iz in g th e loa n in g : o f S ta te fu n d s t o v i l la g e s ,

a n S C.h ° 01 th e t o w n o f SandvStone h a s s o ld to>th e b ta t e §8 ,000 b o n d s f o r th e p u rp o s e o f p r o v id in g f u n d s f o r th e b u ild in g o f b r id g e s .

S a n F r a n c is c o , C a l. — B o n d N e w s .— M a y o r P h e la n , in r e ­s p o n se t o a n in q u ir y , s ta tes th a t th e re a re n o le g a l o b s ta c le sin th e w a y o f S a n F r a n c is c o is s u in g b o n d s t o p r o v id e f o r a w a te r s u p p ly . T h e S p r in g V a l ie v C o . h a s n o e x c lu s iv e r ig h t s , b u t th e is s u in g o f b o n d s m u s t be d e c id e d b v a p o p u la r v o c e .

S i ia l t S te . M a r ie , M ich . —B o n d S a le .— T n e f o l l o w in g is a c o m p le te lis t o f b id s r e c e iv e d A u g u s t 5. 1897, f o r $30 ,000 o f 5 pur c e n t s t r e e t - im p r o v e m e n t b o n d s :

W . J. H ayes & Son8.Cleveland.l07*09 I S. A . Kean Chicago mvoftas.Dietz, Denison & Prior, Cieve..L05-63 | Farson, L each &(?o., Chicago.’ .103*40

T h e b o n d s w e r e a w a r d e d t o W . J . H a y e s & S o n s . T h e se - « sTaf e >n d e n o m in a t io n s o f $1 ,030 a n d d a te d A u g u s t 1,

' v , in t e r e s t w il l b e p a y a b le s e m i a n n u a l ly o n th e fir s t d a y s o f F e b ru a ry a n d A u g u s t , a n d tb e p r in c ip a l w ill m a tu r e A u g -USC 4, L o l l ,

S lia r o n , P a _— B o n d N e w s .— R e fe r r in g t o a r e p o r t t h a t b a s i b e e n c u r r e n t t h a t th e b o r o u g h o f S h a ro n h a s s o ld b o n d s f o r th e p u rp o s e o f b u ild in g w a te r w o r k s , w e a r e in fo r m e d b y M e . R w t u g , B o r o u g h S e c r e ta r y , th a t th is is in c o r r e c t .

S ln ir p s v i l l e , P a .— B o n d S a le .— T h e t o w n h a s s o ld $28 ,500 > o f 4 ^ p e r c e n t w a te r b o n d s tn tb e L a m p r e c h t B ro s . C o .

S h ip p e u s b u r g , D a . B o n d s D e fe a t e d .— A t a n e le c t io n h e ld - «iVo T,nn c i t iz e n s o f S h ip p e n s b u r g , th e p r o p o s it io n to issu e §10 ,000 o f e le c t r i c - l ig h t p la n t b o n d s w a s d e fe a te d b v a la rg e r m a j .r it y . “

A ugust 14, 1897,] T H E C H R O N I C L E . 2 9 5

S o u t h B e n d (O h io ) S c h o o l D i s t r i c t N o , 4 — B o n d O ffer in g . — P rop osa l-; w i l l b e r e c e iv e d u n t il 13 o ’ c l o c k n o o n , A u g . 2 3 ,1 8 9 1 , b y J o u o W . G r im s le y , T re a s u re r o f t h e S o u t h B ^ n d S c h o o l B o a r d , D e lh i T o w n s h ip , H a m ilt o n C o u n t y , a t h is o f f lo e , 319 E a st S e c o n d S tr e e t . C in c in n a t i , f o r th e p u r c h a s a o f $ 3 ,5 00 o f 5 p e r c e n t b o n d s . T h e s e c u r it ie s w il l be in d e n o m in a t io n s o f $500 e a c h , w ith th e in te re s t p a y a b le s e m i-a n n u a lly . T h e p r in c ip a l w il l m a tu r e a t th e r a t e o f 5500 a n n u a l ly , b e g in n in g o n e y e a r f r o m d a te o f issu e . N o b id w il l b e r e c e iv e d f o r le s s th a n p a r a n d a c c r u e d in te re s t to d a te o f t r a n s fe r .

S p r i n g v i l l e , N\ Y .— B o n d s D e fe a t e d — O n A u g . 3 , 1S97, th e c it iz e n s o f S p r in g v i l le v o te d a g a in s t th e p ro p o se .) issu e o f $6 ,000 o f b e n d s t o p a y th e c o s t o f a n e le c t r i c - l ig h t p la n t .

S t e v e n s C o u n t y : W a s h .l S c h o o l D i s t r i c t N o . 5 2 . — B o n d S a le .— O n J u lv 31, 1897. th e s c h o o l d is t r ic t s o ld t o C h a s . A lle n o f S p o k a n e $2 ,5 00 o f 10 20 y e a r (o p t io n a l , s c h o o l b o n d s a t p a r . T h e s e c u r it is e b e a r in te r e s t a t th e r a t e o f 8 p e r c j n t , p a y a b le a t a p la c e t o b e d e s ig n a te d b y th e p u r c h a s e r .

S t o c k t o n , N . J .— B o n d s A u t h o r i z e d .— O a J u l v 2 7 , 1897, th e C o m m o n C o u n c i l o f S t o c k t o n p a rse d a n o r d in a n c e a u t h o r i z ­in g th e is s u in g o f $36 ,000 o f s tr e e t im p r o v e m e n t b o n d s .

S y r a c u s e . N . Y .— B o n d S a le .— O a A u g u s t 9, 1897 . th e c i t y o f S y r a c u s e r e c e iv e d th e f o l l o w in g b id s f o r tn e p u r c h a s e o f $100 ,000 o f 4 p e r c e n t s c h o o l b o n d s :Faison. heath a Co:-. N. V ...... 10TMV '( Onondaga C». Saving* Bank,tUak* Bp * . * Co.. New T o * . Pm -sht Syracuse Savin** Bank, 3y Bertri.n A Storm, New ¥*<rk.. .I'K-ri’iK. L. Day A Cit., Now fo rk .... .1*3*1 vn N. W. Harcta A Co.. N«w York.. ».« tr.kn V Air Vr.-tr IlHAI

, .ac«*** . . . 10S1>f Wilson. & Stephana, New Y ork /W SW

Syrac. fit son It Stephens.. New Y o t . .

da*, w . L o w p n r^ t It Co.

M. Haim. New York-.. KMhQS Rd w. a J*mm Co-. » ew York.. 103Ufltf> Joaeph E. Gavin. BaffiUo.....

f C. HL White A Co,. New York. J0TS3T I ModtaK* Merritt* Ox, Boston

T h e Lwjgnprecht Bra*. Co.. Cl«v.K»t*&S Prank J. W ebb. Syracuse. . . . . 101*4073 "* ' . . . . . . . lo to3. A, Reap* Chicago ........ ioi^ow

T h e b e a d s w e re a w a r d e d t o F a ra on . L*?aeh Sc C o . T h e ae- c u r i t ie s a t e in d e n o m in a t io n s o f $10 ,000 , d a te d J u ly 1, 1897; in te re s t w i l l b e p a y a b le s .-m i-a n n u a tly o n th e firs t d a y s o f J a n u a r y a n d J u ly at th e U n io n T r u s t C o . o f N e w Y o r k C it y , a n d th e p r in c ip a l w i l l m a tu r e a t t h e ra te o f $21 ,000 a n n u a lly , b e g in n in g w ith 1901.

T i f f in , O h io .— B o n d O ffe r in g . — 'T be F in a n c e C o m m it t e e o f th e C it y C o u n c il w ill o f fe r f o r sa le a t t h e C i t y C le r k 's o i l i c e a t 2 o ’ c l o c k J». M.. S e p te m b e r 6 . 1897, gist b e a d s o f $100 e a c h , a g - | g r a n t i n g $4,100 . T h e s e c u r it ie s w il l b e a r in te re s t a t th e ra te j o f 6 p e r c e n t , p a y a b le s e m i-a n n u a lly . T h e lo a n w i l l b e d a te d j S e p te m b e r 1, 1897, a n d w il l m a tu r e a t t h e ra t# o f o n e b o n d 1

a n n u a lly . T h e b o n d s a re iss u e d f o r th e p u rp o s e o f im p r o v in g ' c e r ta in a lle y s , p u rs u a n t w it h s e c t io n s 2 ,704 a n d 2 ,705 o f t h e R e v ise d S ta tu te s o f O h io , a n d a n o r d in a n c e p a sse d b y th e C it y C o u n c il A u g u s t 2 , 1897. N o b id s w i l l b e r e c e iv e d f o r less th a n p a r .

T i v e r t o n , R . 1 . —B o n d O ffe r in g .— P ro p o s a ls w i l l b e r e ­c e iv e d u n t i l 13 o ’ c l o c k n o o n , A u g u s t 27 , 1897, b y A , L in c o ln H a m b iy . T re a s u re r o f t h e t o w n , c a r e o f th e M a ssa so it N a ­t io n a l B in k , F a ll R iv e r , f o r t h e p u rc h a s e o f $35 ,000 o f 4 p e r c e n t g o ld b o n d s . The s e cu r it ie s w e r e a u t h o r iz e d a t a s p e o ia l e le c t io n h e ld A p r i l 38, 1897, a n d a re in d e n o m in a t io n s o f $1,000 e a c h , d a te d S e p t e m b e r 1, 1897. T h e in te re s t w i l l be p a y a b le s e m i-a n n u a l ly in M a rc h a n d S e p te m b e r a n d th e p r iu - c io a i w i l l m a tu r e $1 ,000 a n n u a l ly , b e g in n in g S e p te m b e r 1, 1893. B o th p r in c ip a l a n d in te re s t w ill b e p a y a b le in g o ld a t th e M assas l it N a t io n a l B a n k o f F a ll R iv e r o r a t th e o f f ic e o f th e T o w n T re a s u re r , P r o c e e d s o f th e a b o v e i s ju o w i l l ba u s e d in r e t ir in g o u t s t a n d in g n o te s .

T h e a ssessed v a lu a t io n in M a y , 1897, w a s a s f o l l o w s : B a a l , $ 1 ,712 ,191 ; p e r s o n a l . $357 ,300 : t o t U. * 3 ,5 6 9 ,4 9 1 . T o t a l l i a b i l - it ie s . $24,341 53 , in c lu d in g $22 ,690 o f o u t s ta n d in g n o te s a n d $1,741 52 d u e th e s c h o o l fu n d .

T o t t e n t i l l s ( 8 , I . ) , N . Y .— B o n d N ew s.— M essrs. N . W . H a rr is & C o . h a v e r e fu s e d t o a c c e p t th e $35 ,000 o f 5 p e r c e n t w a t e r b o n d s a w a r d e d t o t h e m b y th e v i l la g e o f T o t te n v iia o n

J u ly 28, 1897.U t ic a , N. Y .— B o m ls A u t h o r iz e d . —O a A u g u s t 6 , 1397, t h e

C o m m o n C o u n c i l o f t h e c i t y o f U t it n a u th o r iz e d t h e is s u a n ce o f th e fo l l o w in g c o r p o r a t e b o n d s : P o l i c e a n d fire fu n d , $ 7 ,0 00 ; s tr e e t l ig h t in g fu n d . $ 4 ,0 00 ; r e p a ir fu n d , $ 1 ,0 0 4 ; B o a r d o f H e a lth fu n d , $1 ,000 ; b r id g e fu n d , $ 1 ,0 0 0 ; a t o ta l o f $14,000.

V ie n n a , M i c h .— B o n d .Veins.— A r e p o r t h a s b e e n c u r r e n t th a t th e t o w n o f V ie n n a h a d s o ld $4 ,000 o f 5 p e r c e n t s c h o o l b o n d s . U p o n in q u ir y M r . A lie n B r ile y , T re a s u re r o f th e .S ch oo l B m rd , in fo r m s u s th a t t h is is in c o r r e c t , as n e it h e r th e S c h o o l B o a rd n o r th e t o w n hna s o ld a n y h o o d s .

W a d e n a , J l ln n .— B o n d S alt , — O n A u g u s t 9, 1897, t h e c i t y o f W a d e n a a w a r d e d $12 ,000 o f 5 p e r c a n t b o n d s t o C h a r le s P e f fe r a t 106-666. T h e s e c u r it ie s a r e issu ed t o c o v e r th e e x ­p en ses o f th e w a te r w o r k s a n d t h e p u r c h a s e o f a n e le o tr io - l ig h t p la n t . T h e p r in c ip a l a n d in te re s t o n th e s e b o n d s w i l l b e p a y a b le in g o ld a t th e C it y T r e a s u r e r ’s o f f i c e , a n d t h e

N E W L O A N S . N E W L O A N S .

< 1 0 0 , 0 0 0

B O R O U G H O F G L E N R I D G E , N E W J E R S E Y , P A S S A I C C O U N T Y , N . J.,R O A D I M P R O V E M E N T B O N D S . 5 R E B U I L D I N G B O N D S .

Sealed b ids will be rece iv ed ,it tint Connell room * at Ginn R idge, N. J „ until 8 F M. on M onday, August ltitb , 1897, fo r the purobaee o f the S treet Im provem ent Bond* o f the Borougho f G len R idge, E ssex C ount;.. N 4.

A m ount o f bonds IMO.OOO.D enom ination $1,000. C oupon o r registered , a cco rd in g t o preference* o f jmreluuu-r*.Internet l p e r ren t, lem i-aanua l, from A ugu st 1st, 1897, p ayab le February 1st and

A ugust 1st.Principal and interest payable at the Bank o f M on tcla ir, f*. J.Date o f m aturity -$ 2 ,0 0 0 m ature F ebruary 1 . 1002 , and $ 2 ,0 00 each year thereafter to and

in clu d in g F ebruary 1 ,1 9 1 8 , and $ 3 ,000 m ature F ebruary l , 1917, and $3,000 each year there­a fter to and including F ebruary 1 .1 9 2 9 . The bond - are to be redeem ed In the order o f tholr num bers.

A ssessed valuation o f Real Estate in 1896. ♦1,311,000.T he B orough baa no other bonded d eb t.The proceeds o f the bonds are to b « d evoted to Im proving street* and roads within the

Borough.Bond# w ere voted at pop u lar e lection .June 2 5 ,1 6 0 7 , In accordance with Section 39, Chapter

161, o f the Laws fo r 1897.T he bids will be opened at the B orough C ouncil Room *. G len Ridge, S . J .. at the hour and

p lace a b ov e nam ed.T he C ouncil reserve the right to re je ct any and all bids.B id s to I>e sealed and m arked " Bids for S treet Im provem ent B on d s” , and a ccom p a n ied by

a certlrted check ror 5 per cen t o f the am ou nt bid.N ATH A N RUSSELL,

Gt.rst B id o b , S . J. B orough Clerk.

$ 2 0 0 , 0 0 0

P H I L A D E L P H I A 3 1 s ,And Other D esirable Securities,

E d w a r d C . J o n e s C o ,

N e w Y o r k S a v in g s B o n k I n v e s t m e n t .

$ 3 0 0 ,0 0 0C I T Y OF P O R T L A N D , M E ,,

G O L D 4 s .tM w I July L \W7t Owe July 1,1912. Registered or

Coupon. Fries on application.

\ 88A L K I* PR O PO SALS will be received by tbe; Board o f Chosen Freeholder* o f the County o f Pas- | ante, P a te iw n , N. J „ b y Its Com m ittee on Finance, j *m T t PSD A Y, AU G UST SiST,, at 2 o 'clock P. M„ at i the office o f I he Clerk, Saving* Institution Building | Hoorn No# S, neeoisd floor, corner o f Main and Market

street.*, PaU'O 'jn. N. J., and then and there publicly | opened fo r the purchase o f not less than par o f bonds

m am ount i f l l.OOOt for the purpose o f Rebuilding j W est Street Hridge.! T h e bond* are o f the denom ination Of *1,000 each } and may be either coupon or registered, j Interest a per cent, payable sem i-annually on the

First day o f March and the First day o f September. ( Bond* fail due and are payable. *24,000 Septem be I l it , !9«C*,a»d 110,(00 Septem ber 1st, 1000.

A certified check for 2 per cen t o f the tissue made | payable to the order o f P . H . Shield*, Collector, a* j security that tbe bidder to whom the bonds are I awarded will accept the award, must accom pany

each bid.T h e bonds will be ready for delivery on Septem ber

tut.These bonds are issue*! under and by the authority

o f an act o f tb e Legislature o f the State o f New Jersey, entitled ** An A ct to authorize the Issue o f bonds for rebuilding bridges in counties o f the second class.” Passed Feb. 24, 1891.

Proposals to be addressed to .John Blauvelt, Chair­man, and endorsed ** Proposals fo r Rebuilding Bonds.”

T h e Com m ittee reserves the right t o re ject any and ail bids i f they deem it in the interest o f the County so to do.

Additional inform ation, i f required, can be o b ­tained from A rthur B. Pearce, Clerk, Havings Insti­tution Building, Paterson, N. J.

JO H N B L A U V E L T , Chairman.ARTHUR B. PXAJUJK, Clerk.

I N&mmi .Street, New fork .4*1 Chestnut Street, Philadelphia,

M U N I C I P A L B O N D S .

E. C. S tanwcoo &, Co.,M A S K E R * .

121 D e v o n s h i r e S t r e e t ,

B O S T O N .L IS T S S R R T liF O N A F F L IC A T IO M .

E . H , R O L L I N S & S O N S ,19 M ilk S tre e t . B oston . B l n . -

S A F E I N V K S T i E N T S . “

8 E K 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 ,D I E T Z , D E N I S O N & P R I O R ,

3 3 e n S G U K S S S T R E E T , - B O S T O N . 1 0 9 S « » e r l o r S tr e e t , C le v e le n d O.

8178,500 City of Hedalin, Mo............... 4M«20.000 County of Lake, Ind ........... 5*18.000 County ol Vlissnuln, Mont... 6»

8,500 Cook County. 111., Park....... 5#9,000 Little Fall*. Minn (ScireuD. -lMs

37.000 ChttTle.ton, i l l ..............5# dfc 4H *200,000 South Side Klevnted ............ *H »

(Chicago First Mtge.)

M A S O N , L E W I S & C O . ,B A N K E R S ,

BOSTONt Worthington Bldg., 31 State St.CHICAGOt 171 La Salle St.

2 9 6 T H E C H R O N I C L E . [VOL. LXV.

p r in c ip a l w il l m a tu r e a t th e ra te o f $ 1 ,000 a n n u a lly , b e g in ­ning ; th re e y e a rs f r o m d a ta o f issu e .

W a r r e u , O h i o .— B o n d S a le .— T h e f o l l o w i n g is a c o m p le te lis t o f b id s r e c e iv e d o n A u g u s t o , 1807, b y th e c i t y o f W a r r e nf o r $8 ,400 o f 5 p e r c e n t b o n d s : Atlas National Bank. Clncln. .$8.702 40 Seasoneood k Mayer, C lncin .. s .662*00 W .J . Hayes & Sons.Cleveland. 8,051*00

W arren Savings Bank. W arren.$8,583*10W estern R eserve Nat’l Bank,

W arren........................................ §,o0;?*73itiidofphItlVyboite A'Cu-.Cin.! iwiiiVao j 8. A. Kean. C h ic a g o . . . . . . . . . . . 8 .«0 "t0

T h e b o n d s w e r e a w a r d e d t o th e A t la s N a tio n a l B a n k , I n e s e cu r it ie s w e r e fu l ly d e s c r ib e d in th e C h b o n ic l e o f J u ly 17.

W a s h in g t o n C o u n ly , 61a.— B o n d N e w s — W e a re in fo r m e d th a t W a s h in g t o n C ju u i y has d e te r m in e d n o t to issu e b o n d s , as lo c a l ca p ita l is ts h a v e o f fe r e d t h e c o u n ly a l l th e m o n e y n e e d e d a t a re a s o n a b le ra te w it h o u t b o n d s .

W a t e r t o w n , W a n .— B o i d S i l e .— O n A u g u i t I t , 1897, th e t o w n o f W a t e r t o w n a w a r d e d t b s $31 ,090 o f 4 per c e a t c o u p o n n o te s t o J o s e , P a r k e r & C o . o f B o s to n .

T h e f o l l o w in g is a c o m p e t e lis t o f b id s :.lose, Parker & Co., B oston .........103'825 N. W . Harris & Co., B oston ....... 10V38Adams 4 Co.. B oston ....................103-683 S. T. S h a rp .... .. . . . . . . . ...............10J15Jas. W. Loonstreet & Co., Bos. .103-673 Geo. A . Fern rid & Co., Boston. .103-133R, I,. D iv 4 Coh B 'Ston .............103-559 Frederick B a n cro ft .......................102' i ; §B lodaeC M erritt & Co., B oston .. 103-53 IS. H. Rollins & Sons, B oston. ..102-818Kstabrook & C j.. Boston ...........103'40 Blake Bros. & Co., Boston.. ........102-.ll

T n e s e cu r it ie s w i l l m a tu r e in 1997, a n d w ill be in d e n o m in a ­t io n s o f $1,000 o r la rg e r , as th e p u r c h a s e r sh a ll e le c t .

W a u w a t o s a , W l s .— B o n d S a le .— O n A u g u s t 10, 1897, th e c i t y o f W a u w a t o s a a w a r d e d t o a lo c a l in v e s to r a t 104-596 $40,000 o f 5 p ° r c e n t b o n d s , is s u e d f o r th e p u r p o s e o f c o n ­s tr u c t in g , o p e r a t in g a n d m a n a g in g a w t t e r -w o r k s s y s te m . T n e s e cu r it ie s a re in d e n o m in a t io n s o f S I ,009, d a te d A u g u s t2, 1897, a n d th e p r in c ip a l w i l l m a tu r e a t th e ra te o f $3,000 a n ­n u a lly , b e g in n in g 'A u g u s t 2 , 1898, T h e in te re s t w i l l b e p a y ­a b le s e m i-a n n u a lly on th e s e c o n d d a y s o f F e b r u a r y a n d A u g ­u s t , a t th e C e r t r a l N a t io n a l B a n k o f M ilw a u k e e , in la w fu l m o n e y o f th e U n it e d S ta te s . T h e b o n d s a re issu e d p u rs u a n t t o th e p r o v is io n s o f a r e s o lu t io n o f th e V il la g e B rard , p a ssed S e p te m b e r 27, 1895, a n d d u ly ra t if ie d a t a s p e c ia l e le c t io n he d O c to b e r 15, 1895, a n d in a c c o r d a n c e w it h a n o r d in a n c e o f th e C o m m o n C o u n c i l p a ssed J u ly 20, 1897. F o r th e p a y - m t r t o f th e p r in c ip a l a n d in te re s t u p o n t h e s e b o n d s th e re h a s b een p r o v id e d a t a x u p o n a ll t h e t a x a b le p r o p e r t y , re a l a n d p e rs o n a l, in th e c i t y o f W a u w a t o s a . T h e c i t y has n o in d e b t ­e d n e s s e x c e p t $7 ,000 d u e th e S ta te f o r s c h o o l p u rp o se s a n d a i-i r i» s o f w a t - r -w o r k s b o n d s . A ss e ss e d v a lu a t io n is $1,575 ,062 .

W e s t B a y C it y , M ic h . — B o n d S a le .— T h e c i t y o r A u g u s t 9 a w a r d e d t o T h e L a m p r e c h t B r o s . C o . o f C le v e la n d a t 104-625 th e $ 20 ,00 0 o f 5 p e r c e n t e le c t r i c - l ig h t b o n d s . T h e in te re s t o n th e lo a n w il l b e p a y a b le in N e w Y o r k C it y in la w fu l m o n e y , a n d th e p r in c ip a l w il l m a tu r e in 1917.

W e s t S u p e r i o r , W i s .— B o n d N e w s .— k d is p a t c h to th e “ P o s t ” o f R o c h e s te r , M in n ., d a ta d A u g u s t 6 , 1897 , s a y s : " B u s in e s s m e n a r e a ll s t ir r e d u p o v e r th e p la n o f th e a d m in ­is t ra t io n t o r e fu n d th e c i t y ’s b o n d e d in d e b te d n e s s a n d issu e n e w t w e n t y -y e a r b o n d s . T h e id e a is t o p a y u p b o n d s f o r w h ic h fu n d s c a n b e s c r a p e d t o g e t h e r a n d r e fu n d t h e re s t as a ‘ l ie n o n p o s t e r i t ? . ’ M a n y t a x p a y e r s c o n s t r u e it as a n a t­t e m p t t o m a k e th e m p t y i l le g a l b o n d s . M a n y c i t y b o n d s , i f th is p r o je c t d o e s n o t c a r r y , a re l ik e ly t o b e r e p u d ia t e d b y re a s o n o f t e c h n ic a l w r o n g s in t h e ir is s u a n ce , s a v in g h u n d r e d s o f th o u s a n d s t o t h e t a x p a y e r s ”

W h e e l i n g , W . V a ,— B o n d N e w s .— C it y R e c e iv e r F o r g e y , o f W h e e l in g , is e n g a g e d in t h e w o r k o f c o m p i l in g th e in fo r m a - t io n r e c e iv e d f r o m v a r io u s c i i ie s l o o k in g t o w a r d th e r e f u n d ­in g o f t h e c i t y o f W h e e l in g ’ s d e b ts . T h e R e c e iv e r b e l ie v e s th a t th e c i t y w ill h a v e n o t r o u b le in r e fu n d in g th e p re se n t b o n d e d in d e b te d n e s s o f $750 ,000 o n a 4 p e r c e n t basis. T h e a v e r a g e r a te n a id a t p re s e n t is 5 -96 p e r c e n t , a n d i f r e fu n d e d a t 4 p e r c e n t a s a v in g o f a b o u t $15 ,000 a y e a r w o u ld b e e f fe c te d .

W h it e S u l p h u r S p r i n g s , M o n t .— B o n d A u c t i o n .— T h e t o w n o f W h it e S u lp h u r S p r in g s , M e a g h e r C o u n t y , w il l s e ll a t p u b ­l ic a u c t io n a t 12 o ’ c l o c k n o o n , S e p t e m b e r 11, 1897 , a t th e o f f i c e o f th e T o w n C le r k , $39 ,000 o f 6 p e r c e n t o f m u n ic ip a l w a te r b o n d s . T h e s e cu r it ie s w ill b e in d e n o m in a t io n s o f e ith e r $100 o r $ 1 ,000 e a c h , w i t h in te r e s t p a y a b le s e m i a n n u a l ly : T h e p r in c ip a l w i l l m a t u r e t w e n t y y e a r s f r o m d t t s o f is s u e , b u t r e d e e m a b le a f t e r te n y e a rs . N o b id f o r le ss t h a n p a r w i l l b e e n te r ta in e d .

Y o r k C o u n t y , N e b .— B o n d s R e d e e m e d .— O n A u g u s t 2 .1 8 9 7 , the C o u n t y r e d e e m e d th e la s t o f th e b o n d s is s u e d in 1877 a t the t im e o f th e b u i ld in g o f th e B u r l in g t o n R a i lr o a d to t h is p o in t . T h e b o n d s a m o u n t e d t o $ 4 3 ,5 0 0 a n d b o r e in te r e s t a t th e ra te o f 10 p e r c e n t .

Y o u n g s t o w n , O h io .— B o n d s A u t h o r i z e d . — A n o r d in a n c e p r o v id in g f o r tn e is s u a n ce o f $560 o f b o n d s f o r t h e p u rp o s e o f t r a d in g S c o t t a n d H e n r y s tr e e ts h a s b e e n p a ss e d b y t h e C ity C o u n c i l .

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 .

S T . L O U IS , M IS S O U R I,

B O N D C A L L .

Mayor’ * office, iSt . L o u is , A u gu st 7th, 189?. 5

TO W HOM IT M A Y CO N CERN :N otice i» hereby given that the bonds o f the City

o f St. Louis, issued under authority o f Ordinance No. 13,061, numbered from ninety-eight hundred nnd e ighty -four (9884) to ten thousand five hundred and three (10,603) both inclusive, will be redeem ed on the second day o f February, eighteen hundred and ninety-eight, pursuant to the terms o f said Ordinance No. 13,OM, and the terms expressed in said bonds, and that said bouds will cease to hear interest on said second day o f February, 1898. Said bonds are dated February 2d, 1885, are payable Feb ruary 2d. 1905, and are redeemable at the option o f the city o f St. Louis at any time a fter ten years from their date.

Each o f said bonds, when presented for redemp tion , must have the fourteen unearned semi-annua interest coupons, num bered from tw enty-seven to forty , inclusive, attached.

These bonds are cailed In for the purpose o f per­m anent retirement.

: L. 8.

Attest:HY. BESCH.

H E Y . ZIEG EN H EIN ,M ayor.

ISAAC H . STURGEON.Comptroller.

Register.

G o v e r n m e n t a n d

M u n i c i p a l B o n d s

BOUGHT AND SOLD.A P PR A ISE M E N T S M A D E O R QUO TATION S

FU RN ISH ED FO R T H E PU RC H ASE , SA L E OR EXC H A N G E OF A B O V E SE CU RITIES.

LISTS ON APPLICATION.

N . W . H A R R I S & C O . ,B A N K E R S ,

1 NASSAU ST. (Bank o f Commerce Bldg.),

Blodget, Merritt & Co.,B A N K E R S ,

•6 Congress Street. Boston.

S T A T E , C I T Y & R A I L R O A D B O N D S -

N E W L O A N .

# 1 0 0 , 0 0 0

S Y R A C U S E , N . Y . , 3 i s .

TRICE ON APPLICATION.

F a r s o n , L e a c h & C o . ,

CHICAGO, NEW YORK,10(1 Dearborn 8t. ‘t Wall St.

I n v e s t m e n t B o n d s

FOR

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 .LISTS SENT UPON APPLICATION

M EM BERS OF BOSTON A N D N EW >’ O P * STOCK EXCH AN G ES.

R . L . D A Y & C O . ,

40 Water Street, Boston.7 Naanau Street, New York.

HIGH-GRADEState, Municipal, County, School

B O N D S .Legal Investm ents fo r Savings Banks in N ew York

and all New England.

R u d o lp h K ley b o lte & Co.,B A N K E R S ,

N. W. Cor. 3d & Walnut Sts., Cincinnati, Ohio.

41 and 43 Wnil St. au.1 47 Exchange Place, N. Y. Cily.

LISTS MAILED UPON APPLICATION.

C H R O N IC L E V O L U M E S1874-ISS7-!2S VOLUMES.

Bound In full muroeco. Offer wanted for the Bet, Address WILLIAM B. DANA COMPANY.

76Jf Pine Street, New York.

G reater N e w Y o r k B onds.$100,000 Jamaica 1017-36, Gold.........*3,000 Queens 1927-76, Gold........gg*136,o00 Arverne 1920-25, Gold.........50.000 Westfield 19*2, Gold........... fi%75.000 North field 1927, Gold.......... 5*22,500 Middletown 1S9S-1917, t.old j*

U nder th e new charter the above bonds are a d irect obligation o f G R E A T E R N E W Y O R K , and may be converted a fter January 1,1898, into R E G - I S T E R E D S T O C lL o f the new citv o f New York.

Prices and fu ll partiiiilars on application.

E. D. SHEPARD & CO.,Bank of Commerce Building,

31 NASSAU STREET, NEW YORK.

C . H . W H I T E & C O . ,

B A N K E R S ,31 NASSAU ST., NEW YORK.

$200,000 Grand Rapids, Mick.................5s35.000 Bay City, Mick.................. 4s21.000 Saginaw, Micli........................... 4s75.000 Fall River, Mass....................... 4s70.000 Chelsea, Mass.......................... ,.4s75.000 Danbury, Conn........................... 4s35.000 Far Rockaway, N. Y ................. 5s

7.000 Rockland Co., N. Y ....................5s10.000 Waterford, N. Y .........................4s25.000 Berkley, Va..... ...........................6s

5.000 Topeka, K a n ............................ 5s10.000 Spokane, Wash..........................5s

6.000 Des Moines, Iowa...................... 6s15.000 North Western Union Ry.........7s10.000 Hereford Ry (Maine Cent.)..... 4s25.000 Rapid Transit Ferry.................5s

200,000 Detroit Railway....................... 5sList With Prices on Application.

W H A U U & S C H L E S IN G E E ,

M U N I C I P A L

B O N D S .

‘I WALL STREET, NEW YORK.

Edward I. Rosenfeld,M UNICIPAL SECURITIES.

High-Grade Warrants a SpecialtyWrite for List.

N o . 6 6 B r o a d w a y , N e w Y o r k .