The sun. [volume], July 05, 1897, Page 7, Image 7

About The sun. [volume] (New York [N.Y.]) 1833-1916

Image provided by: The New York Public Library, Astor, Lenox and Tilden Foundation

                
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' TUB BXRLTX XJLXXAOJLB XJUA
I A controversy wbloh Is extremely Interestlne
to all bolder of itock In railroad companies
whopropertleftrs leased to other rallrod com
panics, has arisen between the New York Gen
trel Railroad Company and the Now York and
Harlem IUUroart Company over the construction
o certain provisions In tho leaao of tho Harlem
road to the Central company. In April, 1873, the
Bulcm company mode to the Contra! company
a leaie for a term of 4.01 yean of to much of the
Ilarleni road ai Ilea north of Forty-iocond street.
Including: the Grand Central Depot. Aa rental
the Central agreed to pay the Harlem stockhold
n dividends on their $10,000,000 of (took of 8
per cent, per annum, and to pay, moreoTor, all
taxes, assessments, and Interost for which the
property leased from the Harlem company was
liable. Then followed these provisions:
rmn-Ths said party of the Art I part (Harlem
eevmants mil agree that It will not, anrlns the con
tlnaano of thl contract, authorise, create, or lata
any stock or bonds additional to the amounts thereof
respeottvtly, bow authorized or outstanding, at hsra
rabefor stated, exoapt at the request or upon the da
mud of the tsM party of the second part Central, aa
wrlaatter set forth.
SixTB-The said party of the second part (Central
covenant and agrees that It will pay the principal of
til the bonds described In said schedule A," other
than the bonds thereto detorlbed at Consolidated
Kong!." dne May 1, 1000, as they shall respectively
mature aod be presented for payment, and that It
will, tt the maturity thereof, pay the principal or the
tald " Consolidated Mortgage" bonds If and la cast tt
should not bt paid by the tald party of the drat
put rnultm.
In rase of the payment thereof or of tome or any
part thereof by the tald party of the first part liar
tarn), then and In that event the tald party of the
second part Central shall thereafter pay to the said
. party of the nrst part Barltm aml-annally on the
' days when Interest would become due ud payable
on In said bonds. If the time thereof had been ex
tended, an amount equal to aueh Interest on said
bonds or on such part of them as may hare been paid
by the said party of the nrst part Harlem so at
fairly to adjust the obllf atlon of the said party of the
second part Central herein contained aa to the an
naalrent on the said railroad and property herein
dnml.cd
In case, however, the said " Consolidated Mortgage "
bonds shall be paid by the tald party of the second
part Central, the tald party of the first part Harlem
tire at that It will, whenever requested by the said
party of Mm second part Central so to do. Issue la
Ilea thereof new bonds bearing a similar rata of
Interest or suoh other rata aa may be agreed upon,
with, to far at may bo required, proper coupons or
Interest warrants therefor appended, and secured by
a suitable mortgage upon the railroad property and
franchise hereby demised, tuch bondt to be payable
at such time or times and to tuch person or per
sons as may be prescribed by the said party of the
second part Central, and will deliver such new
bonds to the said party of the second part Central,
to be sold or disposed of at its discretion. In which
cae the obligation of the said party of the second
part Central herein contained, with regard to the
payment of interest on the tald "Consolidated Mort
gage bonds, shall be deemed and held to apply to
interest on such new bonds.
The obvious meaning of the sixth clause here
cited Is, that tho Harlem company may, If tt so
elects, pay oft the Consolidated Mortgage) bonds
at their maturity on May 1, 10OO, and that, in
case it does so. the Central will thereof tcr pay
to it the Interest -which It now pays to the hold
en of these bonds. The Consolidated Mortgago
Is for $12,000,000, and tho Interest it calls for Is
7 per cent., or $840,000 per annum In all. Tho
Harlem company has made arrangements to
borrow, on a new mortgage of Its property, at
83 per cent, for 100 years, tho $12,000,000
needed, and proposes with the money to pay off
the "Consolidated Mortgage,' eo as to entitle It
self to receive from the Central the $840,000 in
terest thereon now paid by the Central. As 39
per cent, on tho new $12,000,000 mortgage Is
only $420,000, the Harlem company would thus
havo $840,000 a year out of which to pay It,
lea-ring a surplus of $420,000 to divide among
its stockholders. In addition to the 8 per cent,
now paid by tho Central.
To this construction of the covenants of tho
lease, and to tho measures which the Harlem
company proposes to take In pursuance of It,
the New York Central objects, and it has re
tained eminent counsel to secure for itself
the entire $420,000 por nTniTn reduction of
Interest whlch.it is conceded by both parties,
can be made by such a new mortgage as
the Harlem company contemplates. It has
brought an action in the Supreme Court of
this State to enjoin the Harlem company from
making for Its own benefit any new mort
gage, and to compel it to moke a similar mort
gage for the benefit of the Central. The result
of the suit will determine, therefore, which of
the two companies will hare after May 1, 1000,
$420,000 a year more net Income applicable
to dividends than it bos now. In the course of
100 yean the sum at stake would amount to
$42,000,000, which is 42 per cent, on the $100,
000,000 capital of the Central and 420 per cent,
on the $10,000,000 capital of the Harlem.
Precisely upon what legal grounds the Central
company Is proceeding it is not easy to dis
cern. The Harlem company docs not threaten
to create bonds" additional "to thoso outstand
ing, but, on the contrary, to substitute for old
I bonds an equal amount of new ones at half the
rate of interest. The substitution, therefore,
does not come within the fifth clause of tho lease
prohibiting the issue of "additional" bonds or
stock. Tho demand that the court shall order
the Harlem company at this time to make a new
mortgage bond issue to a specified amount and
on specified terms has no support In the
lease. According to Its agreement the
Central must first pay off tho present Con
solidated Mortgage before It can demand any
i thing, and not until it has paid the mortgage
can the dotalls of the new ono be " agreed upon "
between the two companies. For a court to fix
Its terms at the request of ono company against
the consent of the other, would be under present
circumstances an exercise of Judicial authority
altogether without precedent. Only after the
Central has paid off the Consolidated Mortgage,
which it cannot do until May 1, 1000,
has It a right to ask for the execution of a
new one, and the court cannot oven then In
terfere except upon evidenco showing that the
Harlem company refuses to act reasonably In
the matter. That the Central has not absolute
confidence In its case is apparent from one of tho
requests which It makes to tho court. It asks
that, If the contract, as It stands, does not Justify
the view it takes of Its meaning, " that the said
contract bo reformed and be adjudged and
deemed to be so reformed, and to express such
meaning and intent." That Is to say, after the
laptt of twenty-four yean, when all the wit
nesses are dead, the contract Is to be changed
from what it la to what the Central thinks It
ought to be.
Morally, as well as legally, tbo Central com
P'ny Is without Justification In Us attempt
to escape the obligations of Its contract with
Q the Harlem company, Tho rental of $1,040,000
year which It is now paying for tho Har
lem property will not be Increased by what
the Harlem company proposes to do, and If
that rental, when It was fixed in 1873, was a
fair one, it is now much less than the property
It worth. Tho Central Is not in danger of losing
"hat It ought not to lose, nor does the Harlem
seek to gain what It ought not to gain. It Is
truo that when the contract was made neither
party to It foresaw the low rato of Interest for
railroad bonds which now prevails and, there
fore, the Uncut to tho Hurl em company Is un
xpectcd. Novcrtholiw, the Harlem Is Justly
entitled to this bonellt, and It Is unjust toseek
to deprive it of It,
It hat been suggested, and tbero Is ground for
believing-, that tho directors of tho Central com
pany have brought the present suit not with
tho hope of succeeding in It, but merely to
protect themselves against complaints from
elr constituents that they have neglectod
weir duty. Of theso dlrectora seven, namely,
Chsuncoy M. Dopow, Cornelius Vanuerbilt,
William K. VauUcrhllt, Frederick W. Vander
bllt, Snniticl F, llarger, Charles C. Clarke, and
wuel 1), Jlubcock, aro directors also of the
!y,r'CUI company and constitute a majority of
both boards. It Is also generally understood
thnt the Vanderbllt family own a much larger
"noun of Harlem stock than thoy do of Ccntrul
', and it mny bo that the members of that
tanilly on the two boards of directors are tin
Willing to scciu to uao their power arbitrarily
' i
ft tfcU ottb beam t tfeo exptMM ot the Get
trrU stockholder.
AlestohariUMormppotlUonU that tho trait
ba been brought in order to afford ground for a
compromlso by which the Harlem company
hall concede something to tho Central and thus
divide with it the taring to be effected by a re
duction of the Interest on the Consolidated Mort
gage, Satisfactory as this might bo to tho stock
holdenoftheOentral.lt would be equally un
satisfactory to those of the Harlem company,
who, If they aro entltlod to anything, are en
titled to the whole $420,000 a year.
In whatever light It Is vlowed. however, the
coune taken by the Now York Central ltallroad
Company In retpoct of this leaso Is alarming to
the investing public. The Central, like all the
othor railroad companies with which tho
Vanderbllt family and the Vanderbllt name
are Identified, has, for many yean, enjoyed
an enviable reputation for tho honorable por
formance of Its contracts, even when they
were not legally binding, and It Is a new
thing In Its history for It now to adopt a
different course. Tho Harlem lease Is not the
only ono made by It, nor the only one the terms
of which may, In tho coune of time, become moro
beneficial to the lessees than was expocted
when It was made. If the stipulated rental
of the Harlem can bo roduccd $420,000 a year
on the ground that the Central dirocton when
they agreed to pay It did not know what they
were doing, and did not calculate upon the re
duction of interest for the use of money which
has since occurred, then tho rentals of the West
Bhoro, of the Homo, Wntortown and Ogdons
burg, of tho Mohawk and Malone roads, and of
the half doson other properties leased by the
Control may, a hundred years hence, be cut
down on the ground that tho lessees are receiv
ing an unconscionable Income and ono which
was not contemplated by their contracts when
they were mode. Matthew Marsiiall.
rrsAsoiAii axd comxehoiaj,.
Ken York stork Kxchange Aalea and Tlanxeor
Prices an All Hm-urltle Dealt In During the
Week Kndlng July 0. laoT.
UNITED STATES AMD STATU BONDS (IN $1,0008).
Open- Iligh- Lour- C7oa-
Bate. Kama. ing. ttt. tit. Ing.
8000UB4t.cl907.llS llBlia U8t
1000Tja4t,r.l8B.126 IBS' 1251 126
lS000na4s.cl8S.125H 125". 125U ISO1
fl000nS6a.o 114a 114. 114Hi 1 1-1 Si
1000Tenn8et8,s. 80 80 80 80
8000 Term Set 3s... 63 83 83 83
80000 VardS-8s of
l 00 00 60 00
RAILROAD AMD OTIIEIl BONDS (IN $1,0003).
Open- JJloa Low Clot
Sate. Anna. ing. (it, tit. ing.
474 Atchison adj 4s.. 60a 01 CO1 COS
407 Atchison gnl 4t 84'a 80 84 Bi
lAmerBHe 77 77 77 77
e8AmerTobtcrip.. 73 73-s 71 71s
11 Ann Alberts..... 80a 80s 70 70t
0 AmDkImpCs.H3'i 113j 113a 113
3 0 Austin AN Wist 84T 84Tt '83 83
83Dy;7thATcn0sllO 110". 110 110t
1 0 Halt O Da, 1885 82-a B2 62a 823
8Our.OBaMltt.106 107 106t 107
lB,onftM,ot0t.lOC9 106 105 100-a
2 Buff E new 104S 104" 104H 10-ls
013 Brooklyn RTBt. 80-1 84'a 804 84
10 Brook W Wot. 073 08 073 08
lOB'klynEllst.tr. 74H 74t 731 73S
62 Brook Un Oat ot.1123 112Is 1124 112-s
6ChIndCoallstl00a 100-t 100-a 100-t
ICh a Wind gnl.. 110" 110 1104 110
1 Ch,8tLPlst..l00 100 100 100
10Ch.40cn &..... HI", 111-3 1111 111
lOOChtftOgnl 4M. 77" 77 771 77
1 ch a o. n a a
lit en is 104 104 104 104
lChtaoist.serA.120 120. 1203 120-.
3Chtao.PUr...l02 102- 102 102-
10 chs a o, it a a
Sdenat 04 04 02 02
10.BNCt 100 100 105 105
1 C. DftQ enTB..104-a 1043 1043 1043
41 C,naQ,Nx. 03 02a 02 02
HCDAQTS H7 117 117 117
6C.DAQ4t,IdlT.100a 100. 100 100-1
240,BACj debot..l02'i 102 102 102.
SOConOatofChBt. 00 003 00 00-
22 Clove, LWhl at. 100 100 100 100
17 0,0,01 1.t. ...100 100-a 106- 100"s
3 0.C.0AICS.....134 134 1334 133.
1 Can So lit .110. 110a 110-a 110-j
lCanSoSd 108 103 108 108
3CoiaethATlst.ll8H 118-1 118-t 118.
831 CHAMP lst.tr. 42 43-s 42S 434
27 Cen Pao gold. 8810 IS 101S 101S 101-.
3CenPaoexB....103- 103- 103V 103
HCoEIllcn 120 1274 120 1274
24ChAEnignlB.101S 102 1014 1014
80 CommerCahle 41004 1004 108 108
1 Ch. St L ft N O
en 7 1024 1024 1024 1024
lCh,8tL NO T
1.7s 1024 1024 1024 1024
102ColMIdl.t,tr... 61 044 61 634
110Col7-Ildts.tr.... 6 0 0 0
aOOOLacCo 1st. 1044 100 "101 101
3C,I.8tr,aCh4s.l014 1014 1014 1014
10ChlaAKrllst...H0 110 100T. 110
B7CenaaIVwivl.tll.lU 11 .1 4 lli, 1141.
166CenaaRycn Bs. 80 01 804 80S
02CenaaRylstIna 324 344 324 33'
44 Cen Oa Ry 2d Ino 104 114 104 114
4 Cen Oa Ry 8d Ino 4 4 4 4
4 Den a Rio O en,. . 00 00 874 874
22 Dul 4 Iron II 1st. 1014 1024 1014 1024
5 Del, lUtUIt.... 104 104 104 104
14 Detroit Qm os... 80 824 80 824
1 DnlSSAtlO..101 101 101 101
3EUs.LaBSlst-.1014 1014 100S 100S
88 Erie 1st ex 1124 1124 112 1124
68 Erie prior Ms.... 02 03 'SOS 00
21 Erie gnl Hen 8-4. 67 67 66S 00S
SETennD. 1004 100S 1004 100S
40ETennRUen4-5t 884 00 884 SOS
18EdltonEIlst....H3 113S113 113S
lEdUonEIcnBs.112 112 112 112
70 Ft Worth 1st 00 074 00 07
01 FtWaROlst.. 62S 634024 624
42 Q.H'g AS A Ml'Ss 804 804 604 804
20aPaolst D-et..H0 HO 116 110
13 0a Ala 1st 102 102 102 102
40noclcValCs.tr.. 75 764 70 764
3 M ft Tex O en C.. 106 100 100 100
3 U ft TO debts... 00S 100 DOS 100
SOn AT Cent gnl U 084 OSS 084 084
38 Iron lit 5s 804 804 80 804
0111 Cent. WL.. 105 1064 106 1064
3IntftatNlst....llOS 110S 110S 110S
31 IntftOtN d.. 81 814 81 814
21 Ind.D Wist.. .1024 1024 1024 1024
16 Iowa Cent 1st.... 034 034 03 03
170 Kan Pao con, tr. 76 70 73S 73S
178 Ktn A Tex 4s.... 84 844 84 844
147 Kan ft Tex 2d.... 624 024 01S 61S
6 Knox ft Ohio 1st. 11 OS 1164 1164 1104
lKanawhaaSM. 744 744 744 744
40Z.arede0aslst..l00 1004 100 1004
3LexATaPFlstH84 1184 1184 1184
7LWBcna.. 07 07 07 07
OLEftWl.l 1164 1104 1104 1104
SOLEAWSd 00S 00S 00S DOS
6I-ako8nst,r....lOOS 1004 100S 1004
3Lake8h8d.r....l204 1204 1204 1204
6Lake8h2d, 0....1204 1204 1204 1204
17 Le Sh 84s 103S 103S 103S 103S
13 Lou ft N en 104 104 104 104
3LonNg4 824 824 B2S 824
lLouftNgnl 1164 1104 1104 1164
lLouftNfis 100 100 100 100
6 Long Wand 6. ..1184 1184 1184 1184
0 Long Isl 4 87 87 B7 87
OL.NAftChcn,tr 01 014 01 014
OL.MAftCbgnl.tr 46 40 46 46
CO LehVofNY ltt.1004 101 00 004
14LehralTCs 110 110 110 110
lOLehValTSi, r,..1004 1004 1004 1004
01 Mo.KftJt 1st.... 03 02 01 01
10 JflnnASlLrn 6.1034 1034 1034 1034
3Mo, KftTofTC. 80 60 80 80
76 Man llwiy 4a.... 064 00 064 06S
11 UetElSd 1064 1004 1004 1064
eaUobftOhlo gnl.. OSS 08S 684 684
81IlchCent7t 1104 117 1104 11US
2M!chOB,l008..1O7 107 107 107
1 1 Mo I'o en 83 83S 83 83S
6 Jill ft LB 1st 1334 1334 1334 1334
lllllft LBIn 1104 1104 1104 1104
4MUftL8exo.llC4 1164 1104 1164
OMorPuTer ltt.,104 104 104 104
OMorl'aalst,o..120S 120S 1104 117
16Noraolst,r....ll7 117 1104 1104
173 Nor Pao prior 4s. 00 004 "BBS 884
204 Nor I'm gnl 3s... 60S COS 604 60S
CONorf A WcnJ8... 734 734 73 73
1 NJIldltndlst..llBS UBS UBS UBS
0NYftUlstrSs10C 106 '1024 1024
32NYftfJgul 78 70 77 70
37 N J Cen gnl BS...U3S U3S 1134 1134
6NYCeulst,r....U7S U7S U7S 117S
0NYCcntex4s...l03S 103S 103S 103S
1 NYCentdib fis.UOS 110S UOS UOS
9NYCcutdebC,rll04 UOS UOS UOS
yw otp titer
Bain. Itam, fn art. ail, fa
lSrTahaCnacn.,100 100 00S BBS
63Kr,ChaBL4t106S 100S 100S 1004
13KY.DaMBlst.100S 100S 105 1004
ONWtfBs HI HI Ul HI
l3NWgold,e U7S 1174 U7S 117S
8MWdtbBs,80yrliaS 1124 1124 1104
laMY.OAWrai,. 00 00 00 DO
8OAUicn,if.106S 100S 100S 100S
lBOhloftMlstspdlOlS 1014 101S 1014
30rItaNlst 114 114 114 114
60 0rRftN4t 80 80S 80 80S
820RBenB,wl 874 874 80S 80S
610nB,tnea,wl 46S 40 40 46
640reton8LOMr.lia 110 118 110
66 Or 0 Luncn.tr. 60 BOS 80 80S
10rslrapltt,tr.. 00 00 00 00
2 Ore Imp 6 20 20 20 80
lOGOralmpBs.lstlp 104 28 IDS 88
3 OmftStL ttt.tr 67 07 07 07
SPaoof MoSd 108S 1024'IOOS 100S
8P.DaElst.Ed. 00 00 00 00
U Foo.DaE8d.tr 10S 104 104 10S
4 Teo ft But 1st... 73 73 70 70
8Penna44t HIS 1114 1U4 HIS
UritUAWnlst... 78 78 71S 78
8 P. O, O ft St L
44s, ser A UOS UOS UOS UOS
UF.OftOlstcnoslUS 1114 1114 1114
10P,OftO8d0t...l07 107 107 107
10P.O01stOt..U3 113 113 113
4P.Cft8tL ltt.1114 U14 1114 1114
14P.6ALE ltt..,.104S 1004 104S 1064
2H,WAOexBs...l21S 1214 1814 1214
04RookIslexB....107S 108 100S 100S
10 Bock 1.1 ex Pr.. 103 100 103 100
27RookI.ldebo...1014 101S 101 101
10RhftDnvdbB,sl00 100 100 IOC
300 Read gnl 4 84 844 88 88
840 Rio O Wist 77S 78S '70S 774
10StPAHInncn...l32S 138S 1384 132S
42 So Pao or Cal en. 00 004 00 004
428ol'aoofNUlstl004 1004 103 103
10 Bo Pao of Arts 1st 04 04 08 02
CStPft B0 1st....l31 1314 131 1314
18tPaM,MC8sH74 1174 1174 1174
4BtpaMAMex4a 034 034 034 034
80 6tPaMacn44t-107S 107S104S IOCS
206tLftSFgnlSt..U0 110 110 UOS
47StLa8FgnlB..101S 101S DBS 00
24StLABF4 70S 704 '084 684
10SP1.18. 1004 1004 1004 1004
lOBtPgold 1304 1304 1304 1304
lOBtPgnt 4 1034 1034'IOIS 101S
36PHt,nftD7sl28 188 128 128
0 8tPlst,Oftlt...l36S 136S 130S 130S
80 St Peon 130S 130SM30S 136S
1 St ! terra. U0 116 110 116
2 Bl P 1st, 0 ft P.
Wd U7S 117S U7S U7S
0 Btrt.t, I ftDexl304 1304 1304 1304
3 8tPlst.SWdlv.1204 12041164 1164
3 St P 1st, 8 Md... 1204 1204117 117
18tPlst,WftilfisU0 110 110 116
128tL8Wl.t 08S 684 074 074
CBtLSWCd 20 26 25 85
82 8tandRaT0s... 604 004 00 03
2Q8tand RaTln... 134 134 10 11
323 8anAaAPlst4s 60S 00S 08S 684
23BOftOalst 02S 02S 014 01S
401 8outh Railway B. 024 034 004 004
21 8t J a Q I a-3-4. 00 00 04S 04S
OOTexaPaelstBt. 01S D2S 01S 02S
801TexPac8dIn.. 264 28S 86S 27
10TRRAof8tLcnBtl084 1084 1084 108S
3ToLPaWnlsl.. 67S 70 67S 70
1 Tola O Cent 1st. 103S 103S 1034 1034
28TexaMOcnS.. DOS 004 03S 034
6TOIno.,Blrd 85 86 84 84
16T.StLftKClit.tr 77 77 77 77
1 Union Pao 90s,.. 103S 103S 103S 103S
1 Union Pao 8TS....103S 103S 103S 103S
2UnlonPaoSs....l03S 103S 103S 103S
iOUnPaogfls.OTM.101S 1014 1014 1014
7 Union Pao sf.tr. 024 024 024 024
33UnPac.Daoit 384 30 384 30
10UtahaNorlst...HO 11041164 1164
1 UUtaDellstBs.lOOS 100S 100S 100S
13 US Let the. H2 U2 112 112
6 Va Midland gnLslO IS 101S 1014 101S
11 YaUldland gnl.. 1014 1014 101 101
03 Wabash 1st 1044 104S 104S 104S
04 Wabash 2d 71 72 71 714
6 Wab deb. sera.. 234 234 234 23S
3 WetUneolB...107 107 107 107
84 Wet 8bor .... 11 04 11041084 100
08WetShore4.r..lO7S 100 107S 109
UWnOosBs 08 00 08 08S
1 WnMCarlstO-HO 116 116 116
8 WhaLElst,.... 01 01 80 80
lOWNYaPagnl.. 47S 48 47S 48
6 Wis Cent 1st 33 33 33 33
U Wis Cent 1st, tr- 33 33 324 324
Ex Interest.
Total sales of railway bonds cparTalne, 80,581,000.
BAILWAY AMD OTHErt SHAKES.
Open- Utah- Lou- Clot
Sate: yam. ing. ett. est. ing.
10SAd.rn.Ex 162 163 162 163
6720Am8ugRef....l2flS 130 126S 127S
S711 AmSugRefpM07S 1084 1074 1074
12e8AmSpMfg US 124 11 11
SSoAmSpJ!'ipf.. 30 3 IS 204 204
85903 AmerTob 784 704 734 744
90AmerTobpt...l06S IOCS IOCS IOCS
94 Amer Express.. 114 114 1134 114
IOCS Amer Cot Oil.. 144 14S 14 14
865 Amer Cot Oil pf 03 04 03 634
13017 Atcb.T ft SFe.. 12S 13 124 124
44141 Atch.TABFpf 244 264 244 244
..n . . bWa, k o o L. n o i noL. o a L.
.A AWU A..W1 V... ,a .U ,U4 U
86BostonALpf-.105 100 100 106
800 Barneys Carp 474 474 474 474
808 Bait ft Ohio.... 10S 10S 104 104
80755 Bsy State On.. 144 144 10S US
BJ91I Brook RT 27 30S 27 30S
lS5SBrookUnOt-.100 1104 100 110
4V65 Can Southern.. 614 614 40S 60
37S Can Pacific 04 64 64 64
11007 Consol Ice 38 41S 38 40S
1815 Conwl Ice pt 80 88 80 88
827 Central Pao.,.. 104 104 04 OS
6150 Che. ft Ohio.... 18 184 174 17S
SOOChftEIll 44 44 43 43
0COChftEIllpf....lOl 101 084 084
101910 ChlctgoOas.... 02S 00S 02S 04S
4009C, C, CftStL.. 244 26 24 24S
280 C, C, OftStLp 65 66 66 66
83180 ChlcaNW....U7S U7S U6S 1104
188293C,Baq 84S 86 824 834
847931 C,M8t P.... 82 84 81S 834
1450C,3Ift8tPpf..l30S 130S 1304 130S
72000C. niftl' 70 70S 734 74
1735 Col Fuel 164 184 164 184
B Col Fuel pf 76 76 76 70
tClsveft Pitts. .100 160 100 160
770Col.lIVftT.. 3 3S 3 3
BCleve.LftWpf 38 38 38 38
88BBCon.olOaCo..l60 1084 100 1074
7032DelftHudson..lODS UOS 100S 100S
1880 Del, Lack aw. 168 1684 1074 1074
800 Denver ft RO 11 114 11 11
1607 Den ft 110 pf.. 43 434 424 43
SOODesM ft FtD.. OOOO
107De Mfti-tDp 06 05 65 06
4880 Erie It II 10 104 144 144
827 Erie II R 1st pf. 33S 344 33S 34S
100ErteRR2dpf. 104 104 104 104
100 Erie Tel ft TeL. [phone]S
828EdlonEI UBS U6S U6S UOS
1900 East River Ota 734 764 73S 76
4B0EatRtrOpt..lO84 1114 108S 1114
1B9 Evans ft Til... 20 20 20 20
128 Ft W ft D 0, .. 04 04 OS 04
70uirortnpr....iiH no lib lib
12340 Oen Electric... 33S 30 33S 33S
1990 Illinois Cent.... 07S 00 07S 08
808 Illinois Steel... 36 364 34 34
10 Iowa Central.. 84 84 84 84
884 Iowa Cent pf.. 28S 20 28S 20
060 L Eft West 16 16 14S 14S
CSOLEftWestpf. 60S 60S OB 68
ULakoShor 174S 1744 1744 1744
800 Long Island.,.. 44 44 44 44
8020 Laclede Oas,... 24 26 23S 24S
020 Laclede Oas pf. 81 B2 81 83
lOOLetdvilleX 13 .13 .13 .13
802U7LouaNasb.... 614 024 60S 60S
8890 Unnnattan Con 80S OSS 884 01S
BO U inhat Beach, 6 6 0 6
BOO Hex Natl cU... 14 14 14 14
lBCOlIetTrao 110 U0410bS 1004
8BMlchCentrtl...lOO 101 07 07
lBOOlIInnaBtL.,.. 204 214 204 214
lB4MftttL.litpf 814 814 70S 70S
24Uh 31 ft Ht L, 2d pf 63 63 CO. 014
1B7UB Mo Paolflo 10S 20S 104 104
SOOOMo, KJ.TDT... 134 13H 124 13S
14460 Wo, KtTexpf 32 324 SOS 80S
70 Mall Btaroh 1 p 60 67 60 67
400 Natl L Oil 14 16 14 144
100 New Cent CoaL 64 64 64 64
828SJJN 1 Central.,.. 844 60 834 844
164B3NYCentral..1034 10341014 101S
240B7NatLead 204 31S 204 20S
1391 Nst Lead pr.... 074 004 074 004
193 North Amer.... 44 44 44 44
HSNY&NII 1734 1734 173 1734
lOoBNY.UfttitL.. 13S 134 13 1US
aoNy.oftsiLip 70 70 op ou
ZB0NY,OftBIL2 33 33 8CS 33
leoSNY.B AW,... OS 10S OS 104
7190MY,SWpf. 274 284 27 2B
813i.orfft Wet... U4 US U 11 i
Cttftv Btgff tent- Ctei-
Balu. Kami. fno. $tU ttt. ing.
89NortJiWpf..w 80S SOS SOS 80S
6818 Mot raoinc.... 14V 14S 14 14
81788 Nor Paelflept. 41S 42S SOS 40S
ItSB Ontario AW... 16S 10S IS 10
1400OregonBL.tr. 10 10S 10 IDS
eiOOreltftM SO BIS 80 81
8087OrnaNpf... 04 60S 64 66
1089B Oregon BL.wt 104 17S 104 17S
SBeeracino Hell.... 80S 804 BOS 80S
8S0Teo. O'ftE S S S S
6sp.rtwfto....ioo 100 100s iocs
1847FullPalCarColOO 1004 108 108S
8870F,O,0ft8tL 13 13S 13 1SS
COOP.OOftStLp, 40 484 40 48S
TOOPhenlxM 04 .04 .04 .04
et80Readlng 884 234 81S 28
817B9 Reading lttpf. 474 48 404 404
B7B0 Reading 8dpf.. 274 28S 87S 27S
8710nioOWst.... 10 SOS 10 80S
8887 Rio O West pf. 30 48 30 48
800RensBar.,...18O 180 180 180
lS88tLaSF 6 OS 0 0
8021 EtLftBF 1st p 404 40S 40S 40S
8t08tLA8F Sdp 10S 10S 10 104
7BB8tLBW 3S 3S 3S 8S
lEOOBtLS Wpf.... OS OS 8S 8S
CBStPftDuI 88 88S 88 22S
88830 BtP ft Omaha.. 03 00 02S 034
IB Standard 0 pf.U84 UBS 1184 1184
8087 Stand R AT.... 6S 6S 34 4S
8800 South Faclflo.. 104 IBS 10 10S
84BB South R'wey... OS OS 0 0
894188outbR'waypf 80S 30S 20 20
SOOBtJftOI 34 34 34 34
760SUoftOIlslp 40 40 38S SOS
HBSUoftOISdp U 124 104 US
S81B7TennOftI 244 20S 824 28S
100ThIrdAvnn..l48 148 148 148
BBO Tex Pao Land.. 7 7S 7 7S
7120 Texu Pacific. 10S 11 104 104
8908 Union Paolflo.. OS 7 OS OS
800 Un Par. D ft 0. 84 24 8 84
IVBUSKxpro. .. 404 404 404 404
824 U B Rubber.... 12S 12S 18 124
1170UBRuliberpf. 01 01 'COS 6B
B87UBLether.... 74 7S 74 7S
18347 TJBLeatharpf. 604 61 684 004
840 Wabash 0 0 6S 6S
8817 Wabash pt 14S 16S 14S 14S
60Wu-FTBxp.lO6 106 103 108
87876 WetUn Tel, .. 844 86 84 844
BIB Wheal ft LE... S S S S
800 Wheel LE pi 34 8S 84 34
800 WnUn Beef,... 8 8 8 8
Xx dlvldenL
Total sale. 1,731.311 sham.
BANK STOCKS.
Open- tttgh- Vow- Clot-
Salt. Kam. ing. ttt. tit. ing.
BBankotRepnhlIe,,..100 150 160 160
8tmDAY, July 4,
Tbo Treasury balance at the cloto of business
on 8aturday waa S238,44B,710, of whicb f5141,
278,787 was gold.
The imports of general merchandise. Includ
ing dry goods, at the port of New York last
week were $11,211,480, against S0.7D4.0S0 the
previous weok and ?9, 180, 183 for tho corro
tpoudlng woek of last year. The Imports of
specie for tho week wore ($150,105, of which
f 03,477 was gold, making total speclo imported
since Jan. 1, (3,220,273. Exports of specie were:
Gold, none, and stiver, ($783,033, a total of
($783,083, against $3,870,070 the previous week.
Tho exports of speclo since Jan. 1 have been:
Gold. 923.628,852, and silver. $24,411,933, a
total of $48,040,787.
Tho weekly statement of averages of tbo Clear
ing llouso banks shows:
June 20. July 8. Change.
Loans.... 381,811,800 8382,707,900 Ino.811.026.800
Deposits. 097,094,000 004,983,700 Ino. 7.889,100
Clr'latt'n 18,870,900 1U.781.S00 IIn, 89,700
L'g'lt'r. 108,112.600 102.134,200 Ino. 6.078,400
Bpecl.. .. 90,400,200 90,496.000 Ino. 00,400
Re've.198,B12.H00 tlOi.e3O.H00 Ino. (6,882,000
Ra-varM 149.378,630 101,245,938 Ino. 1.973,270
B'rpln 849,230.160 (41.384,875 Dee. (7,834.870
The surplus a year atro was $20,328,270, and
two years ago 832.173.70C.
efittancial.
mCHiRiTirHMNFTT & CO.
REGULAR AUCTION SALE
STOCKS AND BONDS,
TUESDAY, July 6, at 12:30 P. M.,
at the Real Estate Exchange & Auo-
tion Room. 59 to 65 Liberty St.
(By order of lUrrta O. Mewton, Executor of the
tat of Henry 3. Newton, deoeasedj.
BO ahare Forbes Flbra Co , (100 each.
18 .hare. Lake Q'orKO Camp Assoelttlon. (30 each.
100 share. Patent Paprr Cigar Box Co.. (100 each.
BOO share American Unat and LlKht Co.. (100 each.
700 share Segmentary Paper llarrel and 1'acXage Co.,
(100 each.
IB shares Consumer.' Benefit Coil Co, (10 eaoX
B8 shares New Church 1'ublt.hlng Co . (5 each.
100 share Safeguard Insurance Co., (50 each.
25 .hares Montauk Iron and 8teel Co., SIOO eaoh.
18,000 shares Vandetvater Oold and Silver Mlnnig
Co., (10 each.
8 J.OOO 0 per cent. Pond, of the Vandewatar Oold and
Sliver Sllnlna Co. (due 1880).
40 shares ConwlMated Electric Light Co, (100 each.
8,000 ahra Zaragoa Mining Co., (10 each.
(For account of whom tt may concern.)
60 .hares National Dank of Commerce, (1 00 eaoh.
80 shares Third Avenue It. H. Co., (100 each.
List at Auctioneers', 71 and 78 Liberty st,
DOUGLAS & JONES,
Members New York Stock Exchange,
ESTABLISHED 1886.
24 Broad Street, Now York City.
The attention of the public Is called to our
"ODD LOT" DEPARTMENT.
fractional lots of alt the aotlv stock boutht and
sold on the
NEW YORK STOCK EXCHANGE
at tb "market prico' of 100 bar lota, etthfir for
oaib or on marxl-a- Corrwpoadtnc InrlteX
ROME II
BROADWAY AND CEDAR ST.
UTTERS OF CREDIT,
N. W. HARRIS & CO.,
31 NASSAU ST.
(Bank or Coinmerco nulldlnsV
Government and
Municipal Bonds.
OKKItlt
Stat of Haas. Oold OHs. Brooklyn ts.
State of N. York uold ann. Canibrfilae, Mass., 4s,
New York City Uold 8m. Cbicaao Uold 4s.
Mewhurgh. N.Y- Sh.1. Oleveranil, Ohio. Ba
IIANKINO IIOnSK 07
HENRY CLEWS & CO.,
11, 10, IS IT Uroad St.
alombcrsi
N. Y, (took Kzebangt, K, y, Cotton Eichans.
V. Y. I'roduoe Exohang, Chloago Hoard ot Trad.
Orders ezocuted at any of the above Exchanges for
Investment or ou margin. Intercut allowed cm de
po.lt amount., subject to check at sight. Act at yiacal
Agent for Corporation..
( oa KIKTn AVE., oor. 2Sth St.
nr.nnh nmcM J '" BllOADWAY, Silk V.x'n Illdg.
Branoh Ofllce a7 nUD80N BT;, Mrrcanul8 ,
( 80 COUHT ST., Ilrooklyn.
W.CUACNCEY FLOYD-JONES, 1 ,, N. y
WILUAM ROI1ISOK, J BM Exchange.
FLOYD-JONES &R0BIS0N,
18 WALL ST,
Stocks, Bonds and Investments.
LOCOMOTIVES.
nirtimond Locomotive and Machine Works,
RICHMOND, VIRGINIA.
BIMI'I.i: Oil COMl'OUNI) IXJCOJIOTIVKS TO TIIEin
OWH DES1UWS OH TO BrECinCATIUNH.
Moderulr equipped shop.
AuuiimI capacity BOO laeomotlrea,
ATenaa undo aalltrwcturj,
Corre.poudencs (elicited.
nSamKkSWSmSkSBSnXnylm.i - ...J
(fflKXWrtHl
lssaiiNis.sasiJwaSsssai tjaaatsassasssssis siihi,.
Transacts a General Trust Buslncw.
Takes Entire Charge of Real Estate.
Loans Money on Bond and Mortgato.
Issues First Mortgage Oold Bonds.
Interest oa Deposits Subject to Check.
oFTtccna
Genres JV. Young ,.. President
l.ather Kounire ... v.ylce-Pro dent
Jams Tjmpiion,. .......'Jd Vlcp-rrcaiilrnt
Arusnr Tnrnbijll.. Trenanrer
WllTjam P, Tillott..... . 1rcremry
(Hark WMIIp.'j!....,... ,.,.. A.st, Trrn.urer
Ulohard al, Ilurd.., At. Becretary.
. . KXKCUTIVB COMMtTTKE.
rtlchard A. Mccurdy, Gu.tar K. Klesel,
Charles D. Illoltey, Jr., l.ulli.r Kountre,
Charles It. Uendewon, James Tlmpson,
DiiiECTona
gamnel D. Dahcock, Oustav K. Rlsnl.
Duiimnt Ulatk. I.uther Kountre,
Ctiarlc!) Dickey, Jr., Charlton T, iitwls,
William P. Dixon, Iwlt May, '
pavld Dows, Jr., Theodore llorford.
Uobrt A, arunnls, Illchard A. llcoirdy,
p. O. Hven, Jr.. ltobert Olyrliant,
Charles n. Henderson, Lliarle. II, Pratt,
James J, um, JamesTlmp'On.
Oarllrmr u. Hnbbard, Oeorga W. Young,
Jlortgage Investors
can Bccuro cholco niortgagca and absoluto
safety of principal and Interest by purchas
ing tbo guarantor mortgages of this com
pany. A largo numbor always on band for
Immodlato gale, Bavins Investors loss of In
terest by do) ay.
P0).Df0RT(iA(iE (jtlAipTEE (0'
( 140 Broadway, N. T.
Offlccs:- N. E. uor.DBth St.&7th At., N. T.
I 175 Rcmncn St., Brooklyn.
CAPITAL & SURPLUS, $1,300,000.
uuiitCTonai
Oeorge O. Williams. William II, Ingraham,
Alexander E. Orr, John J. 1 uokpr,
Jacob II. 8chlIT. William I.umnila,
John W. Sti'rllng. JaneD.Ljni-h.
Charles H. Henderson, Benjamin U. Illaka,
Charles H. Drown, Jullen T, Davtes,
Frederick Potter, Felix Campbell,
Bamuel T. Froeman, W. .ley C. lluih,
EIIUD. WUUaras.
WILLIAM a ISHAM, HArtTIN JOOST.
President. VIo,-Presldent.
CLAHENCE H. KKLSET. (d Vice-President.
mANE DAILEY, IIABTIH WELLES.
Bacretary. Treasurer.
WHEELING & LAKE ERIE
BAILWAY COMPANY.
FIRST MTGE. (Lake Erie Division) GOLD BOHDS
Due October 1. lOQO.
JLt tho requettof the huldenof m majority of tho
aborer mentioned bondi the undenlgued hTe con
ented to act aa a Committee for the purpose of pro
tecting the common Interests of such of the bondhold
ers as shall deposit their bonds under a Bondholders
Agreement with the GUARANTY TRUST COMPANY.
aa Depositary, at Its office, No. 05 Codar Street. New
York, N. Y The Committee rfpresenta bo Inter
cats In the property, except the nboro bonds.
Bondholders are lnrltcd to make prompt deposit of
their bonds In exchange for negotiable Certificates of
Deposit Application will be made to list suoh Cert 111
cates on the New York Stock Exchange. Copies of
the Bondholders' Agreement may be obtained upon
application to the Depositary.
MEW YORK, June 83d. 1807.
GKOROB COPFKXU
BmrArtD .v. aniM,
rni:Di.mc cnomvBiJU
JOEL D. EIUlAItDT,
Committee.
YICTOIl 1XORAWETZ, Counsel.
Purchasers of Real Estate
who dcslro a loan to complete tholr pur
chase can savo money by applying to
Title guarantbe
akd TRUST COMPANY
f 140 Ilroadway, N. Y.
nm J 17f" Hcmscn St., Ilrooklyn.
Offices, N.E.ror.08thSt.anil7th Avc.N.T.
I ICO West 123th St., X. Y.
CAPITAL,. ....... $2,500,000.
SURPLUS, 52,000,000.
Baltimore &, Ohio Railroad Go.
Sfl GOLD BONDS, DUE 1925.
A majority of the abore Donds hare been deposited
with us under the agreement of April 10, 18U8, and
our enRraTed Certificates of Deposit therefor bare
been listed on tbo New York Stock Exchange.
We will bur, under the terms of this agreement, the
Coupons and Interest Installment, maturing August
1,1 H07, on Coupon or Registered Bonds deposited
beforo July 13, 1S07, In case the Baltimore and Ohio
Railroad Company should make default In paying the
amo when due.
All Bondholders who hare not yet deposited their
Bonds aro urged to do so at once, so as to enable us to
more effectually protect their Interest.
SPEYER& CO.,
ao Uroad street,
N.w York. June 2, 1807.
NarfffAttDcrtiraa
100 iinoAnwAY. nkw yoilh, an4
coanr-HHAM st., london, n. g
CAPITAL $1,000,000.
SAMUnr, IT. JAIXVIH, Presldenli
ROLAND IX. t'ONKLIN, Vlce-Presld.al
8. I.. CONK.I.IN. Recretarri
1'. C. I'KIT. Alslat Hroretarri
B. II. II A IllliniT, I.onilon Pecrelarrt
E. J. ClIAl'rin.L., Iiondou Treasurer.
acJ 8c pendleton
BANKERS,
45 llroniUvay, N, Y,
BRANCH OFFICES, j 0O FIFTII A KS fK.
Stook, Cotton, Dond & Grain Brokers,
Member, of tho HEW YORK STOCK,
Cotton, l'roducn & CnfTcn Kauhuugcs.
Irlvto Wlro to Chicago.
Daily Slarbet letter on Application.
WB MAItK a arFriAi.TT o
BANK & TRUST CO.
STOCKS.
P. J. COODHART & CO.,
JllltMUiaU . 1. KTUC'K ICXrUAMiB.
38 WALL STREET
HOLMBaSt&CO
OI HIIIMIIWIY. SEW VIIIIU,
Meiubrr. nr.V-n .orb Rlerb KxrUiiase.
Riuclve account, oiul ilenoilts of nrius. ludlrldaala,
Ao , auj allur lutirr" uutlallj lialanco..
Uuy anil .ell for cauli nr carry un margin at lowest
fatcuof Inlirr.ton IUe New Vork. rhlladrlphla,
tun, awl Cliluasu Uluok Kxohange. Htuoks, Uonds,
Oram, Cottnu, o.
Uraiu'b OUlic tirand Unloa Metrl, Bnratoaa.
UNION TYPEWRITER CO. STOCK.
nil. wiixu ihkiiiiii.u
41V iToduc KicIjsji,.
' ' -
JSUKMiaL
fi' iT mm i'i'aai"M-ifr -m"wi ir'artJ'Ti-aj-Lj-iirLi-urij-i,
TO THB nOtBIM OF THB
Ohio & Mississippi Railway Go.
Consolidated Mortgage Bonds,
MATURING JANUARY 1st, 1808.
TITE BALTMOnB A OHIO B0UTHWE8Tr.rtN
RAIMVAY COMPANY bars arranged with iu for
he extension of tho
0,5H5,OOOHrtCon.ollitntrd niortease Par
rent. Ctirrrnry Hand, and
flO.OOO First Con.olldntMl Irinrtaaaa O Per
Cent, aterllni Uold Honda,
maturing January 1st, 1BU8, of tho OHIO A
MisaiNiippi itAlLrtoAU conPA.w, for
a term of fifty years, fram January 1st, 1897, to
January 1st, 17, with Interest at tho rato of 4
per cent, per annum, payable July 1st and January
1st of each yoar, both principal and lntorc.t of tho
said extended bouds to bo pnynble In gold loin of
the United States ot the present sundurd or
weight and fineness, without deduction from said
principal or interest for any tar or taxes, now or
hereafter Impoiod thereon, by the laws of tho
Unltod States, or any Stato thereof, which tho
Ilallroad Company may bo rouulred by said laws
todrduct or retain therefrom.
UNTIL AND l.NCLUDINO JULr 1BTII NHXT, wa
offer to tho holders of tho above bonds tho prlTllego
of extension, upon the payment of 15 per bond of
1,000, as follons:
The 7 per cent, bondholders to receive a s.1,000
bond, extendod for fifty years from January 1, 1807,
at 4 per cent, and $16 In caih, representing tho differ
enoo In Interest between 4 per cent, and 7 por cent.
upon coupon due July 1, 1HH7 S10
upon coupon due Jan. 1, 18US is
(8peroeut.
$10 1 per bond.)
Less payment for extension. 15
Oash payment , il3
Tbo 0 per cent, bondholders to rrcclre a fl.OOO
bond, extended for fifty year from Janusry I, 1887,
at 4 per cent., and SS In cash, representing tho differ
enee In Interest between 4 per cent, and 0 por cent.
upon coupon du. July 1, 1807 flu
upon coupon due Jan. 1, lb9 10
J (8 percent.
SA'Otper bond.)
Less paymont for extension IS
Cash payment $5
Tho existing 7 per cent, and 0 per cent. Coupons,
for Interest due July 1st, 1807, and January 1st,
18R, will bo detached from the bonds (new sheets
of coupons of Interest, at tbo rate of 4 por cent, per
annum for the full term of the extension, and the
Extension Agreement being attached)! and such cou
pons, to the extent of 115 and S10 each, respectively,
will bo held by the undersigned, ender tholr agree
ment with the ltallroad Company, uncollected. If re
quired, until January 1st, 1BUS.
We aro prepared to purchase, at par and Interest
(less discount at the rato of 8 per cent, per annum) to
January 1st, 1808, the bonds ot any holders, with
coupons of July 1st, 1807, and January 1st, 1808, at
tached, who may dcslro to sell rather than to extend,
provided tho bonds are presented on or before July
IStb, 1807.
The form of the Extenslca Agreement can be In
spected at our office.
Brown Brothers & Company,
NO. SO IVAI.L 8THEKT, KBIT l'OHK.
Juno 10th, 1807.
TO HOLDHna OI' ItCCEIPTS
OF THE
Central Trust Company of Hen York
issued roit THIS
Preferred and Common Stock
UfTnE
Louisville. New Albany & Chicago
Railway Company.
Notice Is hereby given that on and after July 8,
1807, this Company will be prepared to deliver to the
holders of tht above-mentioned receipts, with all pay
menu of suUcrlptlons to stock Indorsed thereon,
stock of the now corporation to which they are en
titled. Certificates mutt bo Indorsed In blank when sur
rendered to tho Trut Company.
CEkTItAa. TtttlST CO. OP H. Y.
TO TUB IIOLDEItS OP CERTIFICATES OP
THE CEXTTttl. TIIUHT COTIPAT OP XEVT
Tonii, hh'bd roit itnwns op the loci.
villi:, .EVALUA'V AM CHICAGO HAIL.
WAV COJIPiVVl
Notice Is hereby given thst on and after July 8,
1807, new REFUNDING BONDS of the CHICAGO, IN
DIANArOLIS AND LOUISVILLE RAILWAY COM
PANY will be delivered by the CENTRAL TRUST
COMPANY of New York. 64 Wall Street. In exchange
for the abovo certificates. In accordance with the
Agreement of Bondholders, dated Octobor 10, 1800,
and modification thereof, dated November 19, 1800.
I New York, June 0, 1807.
P, P. OLCOTT. Chairman,
IIKMIY IV. POOR,
UKMtV C. IIOl.lt,
Uondbolders' Committee,
- . .
Guaranty TrustCo.
of New York.
Mutual l.lfb Uulldlna,
KAS3AU, COIC'EIl CEDAR STTtEET. "
LONDON BRANCH. 33 LOMBARD ST,
CAPITAL, ..... 82,000,000
6U11FI.US, .... S'J.000,000
ACTS AB TPrSTErS FOR CORPORATIONS,
FIRMS. AND INDIVIDUALS, AS GUARDIAN,
EXECUTOR, AND ADMINISTRATOR, TAKES
EN II HI! CIIAUUU 01' HEAL AND PER
SONAL ESTATLS.
IKTIiRlMT ALLOWED OH DEPOSITS
subject to check or on certificate.
STP.ULIKO DRAI'Tt ON ALLPABTSOlr
GREAT BRITAIN BOUOUT AND BOLD.
COLLECTIONS MADR.
TRAVELERS' LETTERS OP CREDIT AVAIL
ABLE IN ALL PARTS Or THE WORLD, AND
COMMERCIAL LETTERS OF CREDIT ISSjUED.
vTALTEn O. OAKMAN, President.
ADRIAN IHEI.1N, Jn., Vlre-Presldent,
Gl'.OlUllJn. 1UHNBULI, 2d Vice-President,
HENRY A. MURRAY, "Irons ond Sec
J. NELSON BORLAND. AM. Trcas. and 6c
JOHN OAULT. U nacer rorolgn Dcpt.
DIREUIORS.
Bamuel D, Jlubcock, Charles R. Henderson,
Oeorga F. l"Uer, Adrian Itclln, Jr.,
GeorcoH. Bondoln, AugiiMus D. Jullllard,
August Belmont, Janir N, Jarvle,
Frederic Cromwell, Blchard A. 3U Curdy,
Waller R. Ollleti. Alexander K. Orr,
Tlobcn Ooelet, Waller O. Oakman,
O. O. Tlaven, Jlenry II, Roger,
Oliver Harrlman, II. McK, Tnonibly,
XL Somers Hayes, Frederick W. Vanderbllt,
William C, Wbllucy.
THE STATE TRUST CO.,
IOO llroadnay,
Capital and Surplus, $1,000,000.
Acts a Tru.trr, Ilral.trur, Tmu.rrr and Pis
cnl Asent or Curporalluii., nntl si Cseciitur,
AdinliiUlrntor, Tru.tee, (luarrilun and t'omtult
ten or K.lates, Leaul Itepo.llorj Tor t'ourt and
Trust tuitds. Takes Full f hnrae or llrnl mid
Personal tetalm. Intrreat Allutictl on Deposit.
FRANCIS S. HANGS, I'reildent.
W'i' NlA"C"''',iV.oe.p,e..denta.
MAUIIIl'h H.' DEOkTIl. Secretary.
II M. FHASCls, irtM-urir.
II. U. lll.ltRV, Trut unicur.
TRUSTEUS.
Willis R. Talus, Henry Stun,
Honry II. Uouk, Uvntta- iJulntard,
Charles It. I'llnt, Forn it II Parkir,
W. L. Treuholtn, Churles Sfili ner,
William U. K ndall, C'harlol rinnny,
Wallers. Juhn.ua, (liurnU title,
Ju.epbN Ilallook, l'irclial Kiuiuth,
K.Uwln A. MuAlpIn, Krancl. h. i:iik,
Andrew Mill., Fram 1. I i leMetsoa,
William A. Nash, .liumaA M lutyre,
Oeorgo JTudlerl'eabody, Ldtturdl J'inr,
J, D. 1'roUt, A 11.011 G. M i ook,
MwinrsToiiT
Member yew York tituch lljtrlinnyt.
1 Nassau Street, Cor Wall.
Karalu Areuuiit. Imc.tiiieui Heriirltle.
Telephone. Wo.. S1S7 aud 8104 CortlauJl.
I
t
. v.-e-fWJ ri v vs"i.K. -n-
eflnnntla,. - M, CffMB
mlj0mitmitumtlM Vfl H iSfi flrBsssBBs!
JULY INVESTMENTS. M 119
$100,000 County of Richmond, N.Y.,iold4a it 1 WWM
100,000 Town of Jamaica, N.Y., Gold 4s. ''I i Si' &9
100,000 VIIIoqo of Jamaica, N.Y.,Gold48. fiil'?iffli
35,000 Villaao of Flushing, N.Y..Gold4a. A lilWKM
15,000 City of Alloona, 4s. u l I fllfffl
00,000 City of Macon, Ga 4 l-2. 1 : iP'IgfHB
25,000 Township of South Orange,N.J.,rj ';: Mv
J V h ' 'imSKm
Prices and full particulars on application. V..-E. - Jf .3BH
E. D. SHEPARD & CO., JJflll
I ) w. Jaw
Bankers. ; IfH
3 I NASSAU ST., NEW YORKt 'f 118
K TRUSTCO M S
23t nrrn avi: oor. .sttii st. t V yUsflsss.
BRA.SCU, CO nltOADWAY. W( ii, fSefJjl
CAPITAI Sl,000,0W.Js. , ! 4 ' SNssssssi
l,i:(lAIi DKI'OSITOItY Li1 Jsassssssi
For Stntc, City, and Court Money). ,, i j j'iH
LETTERS OF CREDIT FURNISHED.'-'' j i M':WM
Intrrcnt Allovrnl on Time Dcpoaltst. 4iHsssssl
Checks p(nsd thrnuith N. T, clearlnr-Oousei ft j jp.ifllMB
AetsnaCxeeiitnr.Oiisnllan.orAdralnlstratorQf Ess k A VIRlsssH
tstrs.snd ss Receiver, Resl.trsr.Trsnsfersnd Flnen A .1. Si' i tJBH
clal Auent fnr Hlntes. Ilsllniail". and CorporatlcmS, ,' W t
Bennrnte pensrlment with t SSI M (QH
Sin-olul h'nclllllpa (or Lndlea. ,, ,;J )f, i gpj
nom:ilT m acl y. President. , , UvSyi sUM
ClIAtll.lsH T. II n.SRY, Vice-President. ' a' it lil assH
JOSKI'M T. BROWN. 2d Vice-President, t. ilSl'lS Vsssssl
FllUIVK L. Ill.tiRinnR. BeereUry. . , -.. ft S 3tu ?J
J. I1UN11Y TDW.SBUNP, Ass't QccreUry. S Jl WM
Union Pacific Railway Go. il
5?o CollateraJTrust Bonds." ffJplH
rourovs ntiE jiii.v i, ihdt, ,', 'li'l M 1H
Of nliuvo-named bonds will bo pal( 'rf'i?tl;f it lU
on und nftor i, i'-l? : 4 nHssl
TUESDAY, July 6, 1897, mHiH
AT TUB OPSIC'R OsT - 1 A l'KlH
The New England Trust Company 'if fl
85 Devonshire) St.. Boston, Mas. IsSo WWw
" 4 ft f ssssfl
fl U'tdcnrt nnd SnUxttu lllliljflil
tiir ue. Kit a mo in.nE it, n. co. "& -V,! !1 H
NKW VORK, June 2Sth, 18UT. 'i KBrtS B
Tbo Board of Directors has this dav declared adjvt. -i Ifelf;
dend of O.Ni: 1'LK CLNT. on tho Preferred Capita) v- flViK MM
Block of thn Com pany, out of tbo net earnings, par. 1 vlrAVr' Bssl
alileJuly ID. 1BU7. -" 5kIJk S
Thn trantfer books of tho Preferred Stook will do; Mii,'i! ?i SH
at U o'cliK't I. 31., Jul is, and reopen on the morns 3 Gr'v sbbssi
Iol ot July 16. .4 SJJtWi Iksssssl
OEORGE COPPEIX. UmliS SSSSSsl
Chairman ot tbe Board. g ftK H SJJH
AMIIFtlI.lt Jt BO! TIIRIt.'l It. It. CO. ''( sfKI T, iBSBsl
74 BllOADWAY. NEW YOHK. Jun 81, 1887. V) Hff-i'- dsslH
uitnir.vii .. m. v Hw-.IH iVfl
A quarterly dlvMcnd of ONE PEIl CENT, upon th 'p 3 st iR9
capital .took of this company baa teen declared, pay. iK 1SK ?V ffinH
nblo July Id, 1H07, at tho omco of tbs Atlantlo Trust 9ff i WM
Company, !)u William st , to stockboiacrs of record of f jsBjVj'i' )
Juno :. lhu7. Transfer books will bo closed Jus -Z TasMtl'i' IsaH
80, lhUT. and reopened July IB, 1897. By order of TT ;TsW:fi.VJsW
tbe Hoard of Directors. M IsmKS flHssl
M. W. DOMINICS. Treasnrrr. . BM Mfl
I.or.11 lI.Llt. IIEI)RIU. AMD BTT. IXJl'IS LbsVI Hl
lian.tVAV CO. fasssssasStsiMiBsl
l.t Mtic n per rem. Gold Ilonda. 1BsBHilB9l
The coupons of tho above bond., due July 1, 1807. FbbbbuIHH
win 1 paid on that data at the ofllce of the Hallway ' WJsiK7'9bH
Co.. No. 40 Wall bt. WsiHB.wnH
EDWIN M. POST. Secretary. JrsssPJflBSsVJ
Iteiv Ynrk IlVitlna Parblna Co., I.tmlted.' JissssWVssBssssl
SS I'AUK PLACE, NEW YOHK. June Si. 1807. 'bB9Ssbss1
Coupon duo July 1, 1HU7. on the A per cent. Mort- .fljsssrc TSSSSS
gage Debenture ltonds of this Company will be pal& 'H'Hisbbv 'fIHssbI
upon i re. cutatlon on and after that date attbeofflcaj 4191 fsssBBa
of the Knickerbocker Trust Co.. 00 Droadway. JSTVsV : .? I BSBSSi
WM. T. BAIRD. S cretary, a 1 SM ' : vl
gulilic Kotitts. '''ifflm si
pOST OFFICE NOTICE. V 't" Bl
(Should bo read DAILY by all Interested, as chans to sBI '' flssl
may occur at any time.) ?ftSro& sssa
Vorelgn mall, for the weekending July 10th, 1807, i'il'JJssl .'rt WU
will close (l'UOBl'TLY in all oases) at the General HiBI 'i Ksfl
PostOSlceasfollowsi -HI ft HU
TRANSATLAKTIO HAILS. .iift'-B XssVI
TUESDAY.-At 0:3U A. XL for IRELAND (letters only), tUIB : gsssl
p.r steamship Servla. via Qneen.town (letter to HaJH ialassssi
other pans of Europe must be directed "per Ser- iisusssVvuslssssl
via") i at 0:30 A. M. for EaitOPE. per steamship 'B?JbbssS
Havel, via Plymouth and Bremen (letters for It- jtKBBBBn'1BBBBBi
land must be directed "per navel ''). ,rtfJliBasssBtSBSSSSsl
WEDNESDAY At 7 A. 11. (supplementary 0 A. M.l .VSDHislBSsl
forEUItOPE. per steamship 61. Paul', via Routb- ''iTHH&flH
araptoniatUA.il. (supplementary 10:30A.lL)fov lassasnnBBBV
EUltOPE. per steamship Germanic, via Queens J irllBBBBVlraBBBB
town: at 10 A. M. for BELGIUM direct, per itssm S?!M4sssP''-U,lsss1
ship Westernland. via Antwerp (letters must Jbs IjaBsTQ'SBBV
directed "tier Westernland.') TfcsaTS ffi flasl
TBUU&DAY At 4 A. II. for EUKOPE. per stearnahip iinVi :Mfl
Columbia, via Plymouth, Cherbourg and nam- 'flV.I'dilsl 'MljJsBsl
burg. . ;'SjHl staksssl
BATUKDAT. At 7 A. M. for rBANCE, SW1TZEB ffitlWt '
LAND. ITALY. XPAIN. PORTCOAL, THRKBT, 'U iVVSH
EUYPT, and IIRITISII BMDIA. per steamship La, 'fe'Jl? 'SiiJsasl
Bretasue, via Uavro (letter for other part of "..-ili ..-aVisssal
Europe must be directed "per LaBratagu")! 'ntV&.fSBBsl
8 A. 11. for NETBEHLANDS dlreot, per steamship ItliaaT, WilasW
Obd.in, via Rotterdam (letters must bo dtractaa 'MjV ,sbbb1
"perObdam"); at B A.M. for OENOA. per tean WSmS'. ' JtlfH
ship Fulda (letters must liedlrected "perrulda")! raS?" t-i-B
at 10 A. U. for SCOTLAND direct, per steamship lUi hjrWM
Anchorla, via Glasgow (letters must be dlreetaa i$V Jvbbs
"per Anehorla"): at 10 A. JI. (supplementary irf ' V-m9
11:30 A. M.) for EDHOPE. per steamship Etrana. !i. ,fj)
via Queen.town. j AsaBl
PmNrl:i)MATTEIl.o. Oena.n.teamerssalllnsoa lM1J Xil'asfl
Tuesdays take Printed Matter. Ac. for Oermany. f-:.X M'atM
and hpeclally Addreascd Printed Matter, Ac, (of ; tK3fl
other ports of Europe. Amertoan and whit Btat t ' tasBB
steamers on Wednesdays, Oerman steamer 09) 'lt tsssl
Thursdays, and Cuuard, French, and Qermaa !iiiJ' iii"JJJJJI
teamen on Saturdays take Printed Matter, AeY -J' if.SJJSsI
or all countries for which thoy ar advarttsed to l;rh I 'WhU
oarry malL ijBi i !
After the closing of the Supplementary TransatUntla '4K.' jl
Malls named above, additional supplementary t RI 'jdB
malls are opened on the piers of the Amertoan, t 33 " i'J?fl
Enxltsb. French and aerman steamers, and remain) tfg 3t1H
open until within Ten Minute of th hour of sail ( yf?, 1 ,fnS
Ing of steamer. ifttl.-l Wst.U
HAILS FOlt bOUTIl AND CENTRAL AMEMOA, rVfl i -JiVM
WEST lNDrES. Ao. tMS f ?tlM
MONDAY. At IS T.M for BEUZE, PCZRTOCOBTU i 5 UhM
and GUATEMALA, per st amerfrom NewOrUaos. rile vrvfS
TUESDAY At 13 1'. M. for COSTA RICA, perstaantai ?& ')((
from New Orleauti at U P. M. for JAMAICA, pa I fist i tl,'
teamer from llo'ton. ' , H i f HHJB
WEDNLbDAY.-At 11 A. M. for NEWTIUlfDLAin), t i ff 'jB
steamship Tortlai at I P. M for CUBA, per steam- ''iff! ,TS
ship Cliy of Washlniton. via Ilavanat at 1 P. lL iv'lt; .!
(iipplomentary 1:U0 P M ) for BT. DOMINGO aa4 f If! JM
TUltK'SLSLANP, per steam.hlpNw York. !,K
TBUltSDAY. At V:8u A II for PORT ANTONIO, p 'R efllifl
steamer from l'hllsdelphlat at 18:80 P. 11. (sup. XU 'litsal
plemetitary 1 P. M ) for ST. THOMAS, BT. OBOIX. l K S ',(
U.I. WARD aud WINDWARD ISLANDS, persteanw !-' H- fV-i'JJl
ship Madlanadettrrs for Grenada, Trtnldad, and nji M". 'AiH
Toiago niu.t be directed "per uadlina")! alt 3?VJR $ jiJsl
P 11. for TRIMDAD and CtUDAD DOLTVla 0 4', It tiMi
rect, per.toauishlpCuracaoiat 8 P. M. for WORTa S;5T -
BRAZIL, per steamship Cearence, via Para. Ma tvvW' 91
ranliam, and Cearai at 7 P. M. for NEWFOUND lA'ji-' t'llH
LAND, per steamship Siberian, from Philadelphia, Iff!
Friday. At u P. l. for PORTO iuco airsot, p4 f) i Jm
.team.hlp Arkadla. j! &tvM
BATUHDAY. At 10 A. 11. (supplemsntarr IOiSO A. if, ' 3: -Am
M) for FORTl'NK IhLAND, JAMAICA, BATA . iff I'M
KII.LA and GRI'.YTOWN, per steamship Alleghany J.J? ' 5 SJ
(letturs for Co.ta Rica must bedlreoted "per A ',:t ' j
leghany")ist 10 A. M. (sunplementsrr 10:80 A. lit) .' ,j
M J forCAPK UA1TL GONaIVES, PETIT OOATK 111. ' , Vlw
ADX-CAYtH and JACMF.L. per sUamahS lfrE-1 ' i'B
Kilt j-1 at 10 A. M. (aupplementary 11 A ' kih I S '
11.) for CENTRAL AlIERldA (except Oostl j 5?i I
lllcn) aud SOUTH I'ACIFIO PORTS, psrsteamihio $M ,.' (
Alllnuca. via Colon (letters for Guatemala mask -lk ' ,H
be illn-ctid"ier Alllanca")! at lOiuO A. M. tat ).,;. . .Ii.
OAMI'ECIIE, CHIAPAS, TADASCO. and YUOi 'If? S5
IAN, er .teamshlp Vlgtlancla (latum for oth :IS 3 5
part, of Mozlco ud for Cuba must be directed JfiEg.'?' tl 9
"per Vlllanela")i at 11 A. M. for MEXICO, wl Wwi 'ih
stosmship llatiana, via Protrreso and Vra Crua ..t'k yJ f
(letters itiunt be directed "per nabana') at 8:80 i,' hT. $ 'o' i
P. II. for ST. PIKBIIE-MIQUELON. per Iteamss iji J l
from North Sydney. -tw f t
Mails for Newfoundland, by rail toIUUfax, andtheno i'l ; ;
l,i meauier. close at this office dally at 8:80 P, 1L ',W j i
alalia for Sllqunlon, by rail to Boston, and thenca i f.v I i
bi steamer, i loin at this omr dally at 8:80 P. U. ,M ,.. ,
Mall, for Cuba close at this offloe dally al 7:00 A. fi I ',
11,, for furwsrdlng by ateamrrs sailing (Mondays) J.s ! (,
and Thursday) rrom Port Tampa. Kla. Mali fof Mifi '
HhxIcii city, overland, unless specially addressed i& 1
fur despav h by steamer, olos at this otflo dally iSi
at V1IUA M and 2:U0 P. 11. UUgUUrtd mafl , 1 W 'i -
Uoicu at 0:ii0 I'. M oravlous day. 'I flj ' A
TR.VNS PAl IF10 MAILS. 1
Mall, for China and Japan (.peetally addressed only), , p, ,y j ,
per . team.hlp Kinprcu of Cliln (from Vanood ! K i ,'
er), cloio here dally up to July II at 0.80 r.M. i f 1 '.
Mull, for Hawaii, per steamship Australia (front I ft -'
San Kraueboo), close her dally up to July el t
7 ut H HO V. M. Ma!U ttt Chlu. Japan, ft,
aud Hawaii, per sieamsbls City of Peklny ' W '
(from ban Francisco), olos her dally np . j, 1
to July 11 at 11.10 P. M. Balls for AuJ- , t i y
tralla (except tliuie for Will Au.tralla, wbloa A (J ,
aro forwaruoi) via Kunpe, K'tw Zealaud. Us , yKf 9 -
Mall, P1JI and Bamoan I. laud., per suamsbip 4s. 4
lloaui (from Sun Francisco), close here dally up . ft 1 M
to July 117 at 7 30 A M., 11 A. M., aud 0:8u P. Af i p
11. (nr on arrhnl at Now York of steamship I lt
Winbrla Hllh llrlilsh malls for Australia). Mall ,E!
for China And Japau, nr steamship Vlotorl hi 1
(from Tacnma), tlnso hern dally up to July 118 I S. ,
al 11:30 I'. M Malls for the Hu'lety Islands, per t i
ship Lit; of I'aiHllI (from Snn lrsnclsco),cloM 'tB '
luro dally up to July S3 at 0.30 P. 11. Halls for J' j
Au.trau (exiept wcit Auslmlla), Hawaii, and . T 1 ,
1IJI Islauils, por steamship Mlnwera (from Van I f If
ruuveri, close here dally uftor July 117 and up "ly J '
luAUB 1 at flMH P. M fjj a 5 '
culiNKMl'fl VAN COTT. PostmasUr. J,1 f
Post Oniie. New York, H. Y . July a, 1HH7. J $
IT HAMNli IlKl'OMh Nl.tK.S-,ARY to provide suit. !fc, ,1 I
abletittb'LS for thu seeral branches of the Oily t I
Goveriiiiitiit now ot-ciMiyiUK tho brown.tone bulla i r 1 'i
lint In the Illy Hull 1'jrk, U., IliflrShcrlir's omce. the 1 J, 'I
Flrfct Jii'llelalDUIrkl Court and Hie Deparnnent of S ) (
htreet CleiuliiK, the uiidrr.Unid, aCiiminlttenof tha -lr 1
ConimlfihloiiHrs of tho stnkluK Fund, request that pro pi J
tiucnU fur le-lug.ii, i oniu. Ju tho vl lulty of the ' f 1
City Hall Ih, iraiKinilt dtu tne Comptroller at hi ' II '
oftlte, No tffo llrrimlvMiy The aiuouiit nf space ro- B
culr"d may ho uiiproxiinati'ty ac rlaltied by rxmn ', ,
liiutlon of thoulll, .. iiuw In u.e In the brownstou t
bultdllJ, J
A'.IIIIKI. P. HT II. Comptroller. 5 I I
ASx'S ( SI, i OOK, Ubainberlaln. , ' 1 i
J..HN T. OAKLfcY. , ' ft
Chairman CommltUuouFluouco.Uuard of Alaarsaasj. , i
hi i
fc , ., .