Full text of Commercial and Financial Chronicle : August 13, 1898, Vol. 67, No. 1729

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

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Q u o t a tio n S u p p l e m e n t (MontMj)

S t r e e t R a ilw a y S u p p l e m e n t (quanerf

Jn\®StOnS S u p p le m e n t (Quarterly)

S ta te an d C ity S u p p le m e n t

[Entered aooordlng to Act ol Congress, In tne year 1898, by the William B. Dana Company, in the offloe of the Librarian of Congreef.]

SATURDAY, AUGUST 13, 1898.

YOL, 67.

C D h r c n r ic le .
P U B LIS H E D

Clearings at—

W EEKLY.

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Above subscription lnoludes—
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of the 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 .
File covers holding six months’ issues or speolal file covers for Sup­
plements are sold at 50 oents eaoh; postage on the same is 18 cents.

Terms of Adrertising.—(Per Inch Space.)
Transient m a tte r.... ........

$3 50 I Three Months (13 times)..$25 00
Six Months
(26 “ ).. 43 00
(8 times).. 18 00 |Twelve Months (52 “ ).. 58 00

s t a n d in g b u s in e s s c a r d s .

Two Months

L o n d o n A scents:

P in e S tr e e t, C o rn e r o f P e a r l S tree t,

POST OITI0E BOX 958

NEW Y ORK.

C L E A R IN G H OU SE RETURN S.

Week ending August 6.
1868.
1890.
P. Oent.

1897.

New York............
Philadelphia.......
Pittsburg.............
Baltimore............
Buffalo................
W ashington......
Rochester............
Syracuse.............
Soranton..............
Wilmington........
Binghamton.......
Total Middle...

741.158+73 710,951,937
65,82a,572
50,376.734
18,741,693
15,736.813
16.040.62S
18,235,528
4,894,110
3,710,104
1,873,737
1,885,66/
1,838,213
1.629.031
1,014,060
1.018.031
800,447
723,904
664,870
788,709
850,3u0
387,000
852,051,547 824,128,073

Boston........ .
Proridenoe. ...
Hartford.............
Now Haven.........
Springfield.......... .
Worcester........... .
Portland............. .
Fall River..........
Lowell................
New Bedford......
Total New Bng.

102.103.640 102,715..447
4.444,800
4,65d,too
2,402,596
2,348,,928
1.427,931
1,609,,607
1.427,162
1.182,,015
1.637,410
1,495 ,004
1,633,451
1.457,.333
662,6 i?
774 ,811
67*..154
657,02 i
518.963
42d..400
116,615,602 117,828,465

Messrs. E d w a r d s & S m i t h , 1 Drapers' Gardens, E. C., will take sub­ Ohioago.................
scriptions and advertisements, and supply single ooples of the paper Cincinnati............
at Is. eaoh.
Detroit.............
W I L L I A M B . D A N A C O M P A N Y , P n b l ls n e r s ,

1898.

NO. 1729.

Cleveland.............
Milwaukee...........
Columbus............
Indianapolis........
Peoria...................
Toledo..................
Grand Rapids......
Dayton.......... .
Lexington............
Kalamazoo............
Akron.......... .........
Bay City................
R ock ford.............
Springfield, Ohio...
Canton..................
Youngstown......... .
Evansville*...........
Tot. Mid. West’n.

The following table, made up by telegraph, eto., indicates
that the total bank clearings of all the olearing houses of
the United States for the week ending to-day, August 13,
have been $1,224,172,830, against $1,217,849,449 last week and
|1,176 ,229,149 the corresponding week of last year.
Ban Francisco......

92.323.342
94.843,411
11,691 660
11 471,050
7,881,235
0.931,855
6,026,523
8,0*0.668
4.332,462
4,515.970
3,600.0. 0
3,398.1)0
2,740.120
2.38 ,952
1,462,955
1,011,240
1 99 L,3«8
2,193.800
874,310
826,734
746 498
588,085
483,982
300,727
263.534
300,246
443.41/0
231,000
197,275
192.391
147,883
137.904
183.425
162,331
167.772
182,6 j9
298,113
172,907
626,176
137,367,845 186,845,005

+04

114.390,999

120,652.429

11.584,740
1,208.810
1,075,044
1,084,786
519,168
554,328
575,000
472,682
160,450
55.774
17,261382

12.203,417
979,486
1,108,204
1,171,602
480,660
620,930
493.604
402,940'
144,970
49.896
17,656,935

8,760,527
5,629,313
4.199,130
4,711.670
2,177,848
721,290
937,009
715,709
337,122
359,775
378,728
508,497
62,605
79,617
29,500,812

10.270,218
5,375.703
8.401,680
8.976,401
2,495,000

—3-1
+33
-3-6
+362
-1 2 7
+20*9
+18*2
—22-7
-0 8
+10—3-4
+17-u
-t-4'3
+19-7
+13-2
4-101
4-14-3
+18-7
-30-4
+08

23.854.443
6,645,402
5,306.482
1,558 350
1.800,000
1,171.517
2,183,282
1,141,350
1,111.971
791,716
811,142
607.898
875,281
295,279
381.483
245,112
257.218
244.673

Salt Lake City.....
Portland................
Los Angeles..........
Per Oent Helena...................
1898.
1897.
T acom a...............
New York..............................
+5-0 Seattle...... ...........
$030,453,126
§601,439,575
Spokane.............
Boston....................................
79,313,051
73,625,767
+ 77 Fargo.....................
Philadelphia...........................
+11-4 Sioux Falls.......... .
55,007,274
50,247,300
Total Paoiflo....,
—10 6
Baltimore...............................
14,222,228
11,854,241
Chicago...................................
+5T Kansas City..........
70,150,015
72,438,373
+ 1 2 Minneapolis......... .
8t. Louis..................... ...........
21.000,592
21,407,716
.........
-10-2 Omaha.........
New Orleans..........................
4,741,209
4,257,931
St. P a u l....,.........
Denver..................
+5-5 Davenport.............
Seven cities, 5 days.........
§885,062,250
§839,122,294
+7-9 St. Joseph ...........
Other cities, 5 days...............
140,018 903
129,741,218
Des Moines.......... .
+ 5*9 Sioux City.............
§909.803,512
Total all cities, 5 days__
61,025,681,213
Lincoln...... ...........
-4 3
All cities, 1 day.....................
198,491,017
207,305,037
Wichita.................
Topeka..................
+4-1
Total all cities for week.. I1.2M.172.8S0
§1.170.229,149
Fremont................
.
The full details of clearings for the week covered by the Hastings..............
Tot. other West.

393.846
472,741
14.102
97,81-4
85,608,565

-3 0
14,279.202
1,619,753 +16 7
1,210,020 +28-0
+49
1,309,323
4 0,000 +30-3
439,082 4-59-2
875,000 +258
-1-0
769,520
72,173 +142-5
55,118 +78-8
+4'b
20,900,451
9,432,915 +13 0
-3 6
6,222.732
4.651+21 +245
2.979,716 4-20 3
+12-1
2 053,811
764,815 4-38 2
1.223.001 +127-7
-9 0
l.OJO.OOO
473.350 +28 0
-1-0-4
287,324
389,063
+11
+50
447,598
8* 639 —10-3
4-4-y
102,21
4-10-2
30,610,061

St. Louis................
New Orleans..........
Louisville..............
Galveston..............
Houston.................
Savannah..............
Richmond...........
Memphis................
Atlanta........... .
Nashville..- .........
Norfolk..................
Fort W orth .........
Augusta.................
Birmingham..........
Knoxville..............
Little Rook............
Jacksonville..........
Chattanooga..........
Macon....................
Total Southern..

24 363.458
6.401,215
7.004.192
2,692,400
2,007,867
1,792,953
2.097,120
1,142,417
1,080,760
1,230,711
823,940
674 898
442,446
354,919
462 153
242,546
202,506
860 251
839.000
54,272,168

25,267,*59
0,139,557
7,207,508
1,903,050
2,309,580
1,483,386
2.281.412.
1.218.10!*
1,031,101
1.112 056
853,078
674.536
424,28b
290,489
408.042
220.301
177,315
300.236
488,000
53,807,027

Clearings .
Returns by Telegraph.

|____

Week Ending Aug. 13.

above statement will be given next Saturday. W e cannot,
of course, furnish them to-day, bank clearings being made
up by the various olearing houses at noon on Saturday, and
henoe in the above the last twenty-four hours of the week
have to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the pre­
vious week, covering the returns for the period ending with
Saturday noon, Aug. 6, and the results for the corresponding
week in 1897,1896 and 1895 are also given. Contrasted with
he preceding week, there is an increase In the aggregate ex­
changes of about one-hundred and thirty seven and a-half
million dollars, and at New York alone the gain is ninety
seven millions. In comparison with the week of 1897
the total for the whole country shows an addition of 2 9 per
cent. Compared with the week of 1896 the current returns
record a gain of 35*9 per cent, and the excess over 1895 is 35.5
per cent. Oatside of New York the gain over 1897 is 2*1 per
cent. The excess over 1896 reaches 21’2 per cent, and making
comparison with 1895 the gain is seen to be 16*8 per cent.

13,855,013
1.808.814
1,557,442
1,373 995
545,132
700.000
1,100.852
757,^74
175.000
93,570
21.972.72J
10,654,161
6,997.242
6,674,42a
8,585 304
2,973.2 L4
1,056.315
2 78i,542
910.000
606,775
288,623

Total all............. 1.217.848.449 1,183,740,21
Outside N. York. 476,690,176 406,794,345
Montreal............
11,655,000
12.500 000
6 686.898
Toronto............. .
7.701,016
1 510+78
H alifax............ .
1,552.742
1,552,864
Winnipeg...........
1,550 415
068.409
Hamilton............
675,000
690,401'
684,845
g t .J o h n .................
24,607 167 ' 22.786.46dl
Total Canada .
* Not included la totals.

1896,

+3 4 502,877.383 490.280,370
+ 109
62 522,902
67.129 407
+0-03
13,560.673
13,776,124
—120
13,040,075
12.872,148
—15 6
4,383.874
4,654,047
-0-0
1.806,734
1,839.769
+14 7
1,854,325
1.403,080
—0-4
948,596
893.264
+100
767.065
t74,054
—15 8
655,298
£93,062
-9 5
318,200
314,700
+34 596,715,525 684,337,865
- 0 6 81,170.677
86,712.704
—24
4 260.200
4 999,900
+23
2,271,132
1,972+52
—100
1,445,779
1.336.174
+207
1,281 4S5
1.201,314
+ 2‘8
1,605 *20
1 365,402
+5*2
1,331.619
1,224+30
-2 7 4
484.870
088 145
—23
504,419
669 857
+ 21 7
369.413
424,700
-0 i
94.087,820 100,405,000
-2 7
76,940,000
79.512,173
+19
10,956,250
16 961.200
+6 5
8.399.357
6,342.681
+33 1
5,877.630
6.519,322
—4-1
3.720,624
4,023.484
-2-7
2.765,300
3.331 U0
4-14 8
1,871.644
1,850 500
-9 2
1,007.975
1 903,498
-9 2
1,285.931
1,927,385
+53
728,317
811,841
4-20-7
702.390
+27-1
382,760
287,926
—12 3
276.961
291,738
+9L-8
179,813
2*7.248
-2-5
218.774
880.497
+7*2
16U.135
171,644
+13 0
212,703
294 171
+8~
175,900
198,701
+7-2

1,147,0C0
180,000
374,076
245.602
338.457
816.149
61,579
00.367
28.906,192:
21,014,111*
0.152,010
6,097.283
1,694,3052 000,000
1,867,200
2+40,220
1,400.662965,158
905.303
850.5^3L
52o.0W
496.016
360,b08
238.588
274,777
243.536

47,631,665

40,026.765

896.164,203
+2-1 393,270,820
10,397,000
-1-7-2
0.151,711
+15-2
1,024.088
+1-7
1,305,607
-0-1
671.82b
+1*0
600,000
—1*7
+8'3 "20.809,029

898.463 198
408.198,828

+24

11 927 913
0,018,187
1,602.270
017,857
7a9,814
21.082.09A

290

THE

C H R O N IC L E .

THE F I N A N C I A L S IT U A TIO N .
Spain’s answer to America’s proposals was received
Tuesday. It contained an acceptance of the condi­
tions offered, but the acceptance*also included several
suggestions foreign to the arrangement in view and
such an^adroit management of the effect of the terms
offered oy the President as virtually^ to qualify or
explain away in part their logical meaning. Of course
such an acceptance was unsatisfactory. Consequently on
Wednesday a protocol, stripped of all extraneous words
and matter but embodying the terras proposed for the
negotiation of a treaty, was agreed upon between Sec­
retary Day and M. Cambon, the French Ambassador,
and submitted to the Spanish Governmeutffor its ap­
proval and for execution.
Thursday evening the
approval of the Spauish Ministry was cabled to M.
Cambon and also authority for him to sign the proto­
col in behalf of Spain. Yesterday (Friday) the pro­
tocol was executed by Secretary Day in behalf of the
United States and by M. Cambon in behalf of Spain.
We give its provisions on page 301.
How much of promise this settlement has in store
for business interests in the United States it would be
hard to express fully. We have not been in the pos­
session of such a peace as we have now in prospect
since the current decade began. Obviously actual
hostilities have been in progress only for a few
months; and yet so far as our industries are con­
cerned have we not been during the whole of the
period mentioned in very nearly]the same^position as if
war had prevailed— that is, in a state of almost con­
stant perturbation, attended with frequent alarms.
To be sure, now and then there have been short in­
tervals of relief.
In 1890, it may be claimed,
we had one such.
That year Congress passed a
silver bill Jwhicli 'was used by the silver producers to
stimulate an active speculation in that metal. The
large, unthinking crowd, assuming that the higher
values of silver secured were evidence of the efficacy
of the law, joined in and added to the excitement.
It took a little more than six months of skilful man­
agement in 1890 for the ri|se, and about three months,
in spite of the same kind of management, for the fall
— say about ten months in all sufficed to complete the
cycle, including the catastrophe. The end disclosed
what a mere bubble the speculation was, for after it
burst the price of the metal dropped lower than ever
before, leaving as its fruits a long trail of insolvencies
and general collapse. The multitude has never re­
gained confidence in the metal. If a statute that
required the United States Government to buy and so
take out of the market considerably more than all the
net production of the United States could not force a
permanent rise, or even 'stay the decline, what hope
could any other device for a similar purpose afford ?
That was the short but conclusive argument which
closed the debate in most men’s minds.
From that date to this our industries have never
been free to enjoy six continuous months of uninter­
rupted development. The silver advocates, by getting
possession of the Senate, have keptjthe country, and
particularly the enterprising and commercial classes,
in a state of constant unrest, by doing everything they
could to endanger o tr gold reserves and threaten the
basis of values. All other means failing, war it was
believed would force the Government to silver pay­
ments, the result sought, and this war about Cuba
was the latest move in that line of effort.
The

[VOL. LXVIL

silver advocates thought they had gained their
eud when they saw the conflict with Spain was inevit­
able, but were thwarted by a power higher than they
It so happenod that when hostilities became a neces­
sity the Ruler of events brought about a condition of
affairs throughout the world which turned the gold
current so strongly in favor of the United States that
the gold reserve became for the time being unassail­
able. And *now that peace has come, the one call of
the public is for sound money. The decision of
the people is as undoubted as if already recorded, to
wrest the Senate from the control of silver agitators;
to put in their place a safe majority for gold money;
and to have the declaration that coin means gold in
all our obligations fixed in our statute books by words
so plain as to be beyond future question. That is the
platform the public intends to stand on this fall, and
it will fight the battle to a finish.
Under these circumstances what does peace mean ?
It means a gold standard now and for all time. It
means a greatly enlarged intercourse with the world
of nations. It means foreign commerce way beyond
all former records. It means a development of our
industries never before realized. Those statements
may seem extravagant. We cannot believe they are
overdrawn in the least. Remember that this new
opening for enterprise comes after a good many years
of trial— a good many years of restricted operations.
This restriction has pervaded all trades, enterprise
and classes, because enforced by a lack of confidence
in our standard of values—an uncertainty which
endangered each man’s dollar however invested and
each laborer’s wage however earned. Consequently
every development that could wait has been made to
wait during these long years. Then, too, peace
comes after a marvelously successful war which
has advertised our capabilities and resources to the
ends of the earth. 0 ut of this we shall in time gather in
very many new customers. That war, too, has ended
in giving us new and rich possessions which are to be
open hereafter to our commerce and to the world’s
commerce, and to become through the liberty and
freedom given to the people by our Government new
centres of home activities and a decided help to our
own trade development.
Nothing has occurred the present week to modify
the favorable outlook for the growing crops previously
noted. The Agricultural Bureau has issued its A u­
gust report, and this fully confirms the encouraging
indications shown in Thoman’ s review last week. In­
deed— what is rather unusual—the Government makes
the prospect more auspicious even than this private
investigator. Take the corn crop for example. Thoman puts the average of this crop at 81*2, the Agricul­
tural Bureau figures it out 87'0, making a reduction
during the month of July of only 3 ’5 points. At this,
figure of 87'0 the condition of the crop is actuallj
better than at the corresponding date-in 1897, when the
average was reported only 8D 2. This is an important
fact to bear in mind, for the 189*7 crop, though not ?
full one, was of good size, reaching 1,902 million
bushels. The influence which tended to impaii
the outlook during the late month was of course
the drought experienced over large areas. This de­
teriorating agency has since the 1st of August been in
great part removed, rains having fallen. Thus the pros­
pect now is really very much better than it was at tlu
time the Agricultural Bureau and Thornan summar­
ized the results, both reports being of date August 1.

A ugust 13, 1898 J

THE

C H R O N IC L E .

In the case of wheat, too, the Washington estimate
is slightly higher than Thoman’ s. No new figures are
reported for winter wheat. For spring wheat the
average is given 96-5, Thoman making the average a
trifle smaller at 95'8. At 96-5 the spring-wheat pros­
pect is 1-5 points higher than last month, 9-8 points
above the average for August 1 1897, 17-6 points above
that for August 1 1896, and 13*5 points above the Aug­
ust average for the last ten years. While opinions may
diSer as to the precise extent of the crop, all reports
agree in saying that the yield will be of unprecedented
magnitude, since the averages are high in all the lead­
ing producing States. In Minnesota the condition is
reported 101, in North Dakota 95, in South Dakota 92,
in Nebraska 97 and in Iowa 94. Obviously the roads
in that part of the country are to have an exceptionally
large traffic in wheat. In the case of the oats crop the
Bureau works out an average of 84-2. This, while
8-6 points lower than for the previous month, is but
1‘8 points lower than at the same date in 1897, and
compares with 77’3 on August 1 1896 and 83-7 the
August average for the last ten years. The state of
the cotton crop in the South is put at 91 ‘2.
The fact that the semi-annual dividend on the com­
mon stock of the Canadian Pacific, just declared and
payable October 1, is only 2 per cent, while that de­
clared last April was 2£ per cent, has been construed
in some quarters as a reduction in the dividend rate.
But there is no basis for such an assumption.
The dividend now announced is specifically stated
to be for the half-year ended June 30 1898. That
paid last April was based on the earnings for the halfyear ending December 31 1897. The results for the
two half-years differ considerably, the December six
months being always much the better. Hence the
proper comparison would be with the dividend paid
in the first six months of the calendar year 1897.
For those six months the payment was only 14
per cent, as against the present 2 per cent, show­
ing an improvement rather than the reverse. And
this is what would be expected considering the charac­
ter of the company’s returns of earnings. For while
some of the recent weekly exhibits of the company
have shown a small falling off in receipts, for the halfyear both gross and net earnings are very much larger
than for the corresponding six months of 1897, the
increase in the gross being no less than $l,883,3to,
and in the net $486,483.
The most important feature in the foreign exchange
market this week has been the reversal of the pre­
vious ruling of the Commissioner of Internal Revenue regarding the tax upon checks drawn in, though
payable out of, the United States. On July 6 it was
discovered, as we announced in our issue of July 9,
that the City National Bank, acting under the advice
of counsel, had issued checks drawn upon its foreign
balances, stamping the checks with a two-cent stamp
as in the case of domestic bank checks. The atten­
tion of the Internal Revenue Department being called
to the practice, a ruling was mado that
“ orders drawn in the United States payable
in foreign countries, though in the form of
checks, are subject to a tax of four cents on
each $100, or fraction thereof, under the fifth para­
graph of Section A .” Thereafter the City National
Bank stamped its foreign checks in accordance with
this ruling. On Saturday of last week it was reported
by telegraph that the Commissioner of Internal Rev­
enue had, upon the advice of the Attorney-General,

291

reversed this ruling, holding that such foreign checks
are subject to the same tax as domestic checks. A
few drawers of exchange on Monday took advantage
of this new ruling, but the majority of the drawers,
after a conference, decided to await the receipt of
official advices from the Department. In the afternoon
of that day the text of the decision of the
Commissioner was received, fully confirming the
report received Saturday, and also deciding that
foreign checks issued in duplicate required only
a two cent stamp on each check. On Tuesday all
the drawers of exchange conformed to this ruling
and as a consequence rates for actual business in
sight sterling were reduced one-quarter of a cent.
It was claimed by some bankers that cable transfers
clearly come within the new ruling of the Revenue
Department and require only a two cent stamp; but
there being doubt in the minds of drawers regarding
this point the stamping of cable transfers as bills of
exchange continued. The Commissioner of Internal
Revenue is likewise reported to have ruled that
checks drawn in foreign countries on banks in
the United States are subject to a tax of only two
cents per check a3 in the case of checks drawn in the
United States upon banks in foreign countries.
Should it be decided that cable transfers require only
a two-cent stamp, the bills of exchange subject to an
ad valorem tax of four cents per $100 will be sixty
day bankers’ sterling and commercial bills. Sight
commercial bills drawn upon bankers are, according
to the opinion of some dealers, subject to a two-cent
stamp only; but until an official decision shall be
made upon this point such drafts will probably con­
tinue to be stamped as bills of exchange.
The feature of last week’s bank statement was the
large gain of $15,371,500 in deposits and of $12,733,100 in loans, the former due to the placing in the de­
pository banks of money received by the Treasury for
bonds. There was also a gain of $2,482,900 in specie.
The loans, at $619,499,800, are now the highest on
record. On February 19 they were $646,915,200, fall­
ing by April 30 to $570,198,100, thereafter steadily re­
covering. The deposits, at $757,051,600, are within
$1,016,400 of the total on July 9, the highest ever re­
ported, when they stood at $758,068,000. Some of
the banks, notably the City, report unprecedentedly
heavy deposits, and this institution showed $100,866,300 in Saturday’s statement. Eleven of the larger
banks have about $417,900,000 out of the average de­
posits, and about $346,400,000 out of the average loans
reported by all the banks in the association.
Money on call, representing bankers’ balances, was
early in the week without specially new feature, loan­
ing generally at 1^ per cent, with some moderately
large transactions at 1£ per cent and a few at 2 per
cent. On Thursday afternoon, just before the close,
money was bid up to 5 per cent, at which rate a small
sum was loaned, and later the rate fell to 2£ per
cent. On Friday loans were made at 1£ and at
2£, closing at 1£ per cent. The flurry on Thurs­
day was partly due to manipulation but there
has this week been a feeling among borrowers that
money ought to be fairly active because of the ab­
sorption of funds by the Treasury for bonds and also
for the reason that the demand for money is increas­
ing in consequence of the broader business in stocks
and bonds at the Exchange and also of improved gen­
eral trade conditions. The range for call loans dur­
ing the week was from 1£ to 5 per cent, and the aver

292

THE

C H R O N IC L E .

age was folly I f per cent. Banks and trust compan­
ies quote 11 per cent ns the minimum, though some
hare obtained 3 per cent.
Time contraots are a
shade firmer, in consequence of a better demand,
and q uotations are 24- per cent for sixty to ninety days,
3 per cent for four to five and 3@.3£ per cent for six
months or longer dates.
The np-town banks are
practically out of the commercial paper market. The
buying by the Jdown-town banks and the trust com­
panies is, however, good, and choice names meet with
ready sale. The supply is a little more liberal. Rates
are 3J@3J per cent for sixty to ninety day endorsed
bills receivable, 31@1 per cent for prime and 41(« 51
per cent for good four to six months' single names.
Though there may be occasional spasms of activity in
the call loan branch of the market as the result of the
bond settlements and of increasing speculation in
stocks and staples, following the ending of the
war,
bank officials are of
the opinion that
the tone will gradually grow easier. The banks
in the interior appear to be well supplied with
funds,
and
some
Chicago institutions
are
seeking
employment for
their
money in this
market. Those of the banks here which hold Govern­
ment deposits loan them generally on call, and the
pressure of this money will tend to keep this branch
of the market well supplied. Though bankers would
hail with satisfaction almost any degree of activity in
money, they regard it as improbable that much of an
.advance above recent average rates can be main­
tained— at least until late in the fall.
Since peace has become assured as the, necessary
outcome of the negotiations which have been in
progress the European financial situation has ceased
to be greatly influenced by the varying phases
the negotiations
have presented.
Spanish 4
per cents have consequently been less active.
The political situation shows some evidence of
tension because of the attitude of Russia in North
China, but this tension is only partially reflected in
the London market. The Bank of England mini­
mum rate of discount remains unchanged at 24 per
cent. The cable reports discounts of sixty to ninetyday .bank bills in London 1§@14 per cent. The open
market rate at Paris is l f @ l i per cent, and at Berlin
and Frankfort it is 3£@3§ per cent. According to
our special cable from London, the Bank of England
gained £33,995 bullion during the week, and held
£34,513,093 at the close of the week. Our correspond­
ent further advises us that the gain was due to re­
ceipts of £19,000 net from the interior of Great Brit­
ain and to the import of £15,000, of which £ 8,000
was from South America and £7,000 bought in the
open market.
As already stated, the reversal of the ruling of the
Commissioner of Internal Revenue regarding the tax
♦n checks drawn in the United States on foreign
countries, and vice versa, has had a teudency to
broaden the foreign exchange market this week. It
has enabled bankers to trade in each otheris bills, as
wa3 the case before the revenue law took eilect, and it lias
given employment to brokers in exchange, who can now,
as formerly, act as intermediaries in the negotiation
of bills between bankers. One feature of the market
has been a comparative scarcity of spot grain bills,
due to the light movement of wheat from the dis­
tributing centres. Some grain and cotton futures are
offered, but they are held at full prices. The de­
mand for remittance has been good. It is claimed

r v t u l x v ii.

that fairly large amounts of stocks, sold in London
for American account, will shortly arrive, and these
will have to be remitted for. The tone of the market
lias been firm, especially for long sterling, caused,
by easier discounts in London. Gold arrivals from
Europe this week have been §1,322,638 to Lazard
Freres. This makes §1,371,303 thus far in this move
merit, including §48,663 to the Bank of British North
America last week.
The range for nominal rates for exchange has been
from 4 84| to 4 85 for sixty day and from 4 86 to
4 864 for sight. Rates for actual business opened on
Monday unchanged compared with chose at the close
on Friday of last week, at 4 83£@ t 84 for long, 4 854@ 4 851 for short and 4 85f@ | 86 for cable transfers.
Though the decision of the Internal Revenue Depart­
ment in the matter of stamp duties on foreign checks
was then made public, the majority of the foreign
bankers decided to await the official announcement,
and therefore the market was unaffected and it was
dull and steady.
Oil the following day all the
bankers drew foreign checks, in accordance with the
decision, and the rate for sight sterling was reduced
one-quarter of a cent, to 4 85|-@4 85|-, but no change
was made either in long sterling or in cable transfers
and the tone was firm for the former, in consequence
of easier discounts in London, and steady for short
sterling and cables. On Wednesday the rate for long
sterling was advanced one-quarter of a cent, to 4 84@
4 844, but no change was made in short or in cables.
The tone was dull and steady on the following day
without alteration in . rates. On Friday short sterling
was advanced one-quarter of a cent. The following
shows daily posted rates for exchange by some of the
leading drawers.
DAILY POSTED KATES POK POKEIDX EXCHANGE.
FBI.,
Aug. o.
60 days.
Brown Bros,...... i: sight....
Baring,
60 days.
Magonn & Co.. [Sight....
Bank: British
! 60 days.
No. America.. [Sight....
Bank of
[ 60 days.
Montreal..... . [Sight....
Canadian Bank 160 days.
of Commerce., [Sight....
Heldelbach, Ick- (60 days.
elheimer & Co. [Sight....
60 days.
Lazard Freres... [Sight....
Merchants’ Bk. <60 day6.
1 Sight....
of Canada..

)\t*
86
85
86*
§4*
86
84*
86
84*
86
84*
86
81*
86
sm

86

Mon ., T ubs .. W5fr».. T h u s .. Fr i .,
Aug. 8. Aug. 9. Aug. 10. Aug. il. Aug. i2„
84*
86
65
86*
gm
86
m i

86
84*
86
g4*
86
84*
86
81*
80

84*
86
85
86*
84*
86
84*
80
84*
86
84*
86
34*
86
§<*
86

84*
86
85
86*
§1*
86
84*
86
84*
86
§4*
86
84*
86
84*
86

8t«
88
85
80*
84*
86
S4K
8tt
| i*
86
§ i*
86
84*
86
B5
80*

84*
80
85
86*
|4*
80
84*
86
84*
86
84*
86
84*
86
85
80*

The market closed firm on Friday with rates for
actual business 4 84@,4 84£ for long, 4 8 o i@ 4 8o f for
short and 4- 85#@4 86 for cable transfers.
Prime
commercial 4 83i@ 4 83| and documentary 4 82|-@
4 83-1;. Cotton for payment, 4 82|@4 83£; cotton for
acceptance, 4 83|@4 83f, and grain for payment,
4 82f@ 4 83L
Thefollowingstatement gives the week’s movement
of money to and from the interior by the New York
banks.
Week Ending Aug. 12,1898.

gold.................-...... ..........................
Total gold and legal tenders.___

Received by Shipped by
IV, T. Banks. N. Y. Banks.

Net Interior
Movement.

$5,839,000 ,$2,301,000 Gain.$3,538,000
908,000
1,152,000
244,000 Gain,
$6,991,000

$2,545,000 Galn.$4,44 6,000

Result with Snb-Treasury operations and gold imports.
Week Ending Aug. 12, 1898.

Int-o
Banks.

Out of
Banks.

Net Change in
Bank Holdings.

Ban kafInterior movement, as above $0,991,000 $2,545,000 Gain. $4,440,000
29,200,000 30.500,000 Loss. 7,300,000
Total gold and legal tenders...... $36,191,000 $39,045,000 L os8.$2,854,000

The following table indicates the amount of bullion
In the principal European banks this week and at the
oorrespm
1g date last year.

THE

A ugust 13, 1898. |

Aug. 12, 1897.

Aug. 11, 1898.
Bank of

France....
Germany. ..
Aust.-Hung’y
Spain...........
Italy............
Netherlands .
Nat. Belgium.

Gold.

Silver. | Total.

£
S
£
1
.........1 34,513,093
31,513,093
75,071.657 49,059,443 124,731,105
38,275,000 14,503,000 42,811,000
110.038,000 4,589,000 115,177,000
31,979,000 12,014,000 47,593,000
10,353,000 3,802.00D; 15.600,000
14,783,000 1.899.000, 13,082,000
4,334,000 0,879,000 11,163,000
3,031,000 1,515,000 4,540,000

C H R O N IC L E .

Gold.

| Silver.

£
£
35,019,330
81,860.112 49.005,244
23,000,000 14,733,000
93,078,000 j 4,053,000
37,613,000 12,599,000
9,012.000 10,430,000
15,230,000 2,727,000
2,032,000 6,895,000
2,865,333 1,432,667

2otal.
£
35,019,630
130,305,366
43,333,000
97,730,000
50,212.000
19.4t2.OCO
17,993,000
9,527,000
4,298,000

Tot.this week 315.932.750 90,973,448 412,900,198 306.015,975 102479911 403,525,886
Tot. prev. w’k 314,999,116 96,899,470 411,898,580 305,388,079 102748070 408.131.755

THE P E A C E N E GOTIA TION S.
The negotiations between the United States and the
French Minister, acting in behalf of Spain, have at
length been closed by the execution of the preliminary
papers and the cessation of hostilities. There has
been delay in reaching this result, as there always is
under suoh conditions. A defeated State necessarily
will make every effort for modification of its enemy’s
ultimatum; and after having exhausted all direct
means will also*as in this case, seek indirectly to change
the terms, and to avert in part the logical working out
of the conditions accepted by raising suggestions
inconsistent with the proposals. It may or may not,
in a given case, obtain such easier terms, but it must
make the effort; the disposition of both governments,
however, in the present instance, was so distinctly fa ­
vorable to a termination of the war that a positive
breach of the negotiations has at no moment seemed
possible.
Two facts have served to bring about Spain's applica­
tion for peace on the terms of the United States. In
a military sense she was completely disabled. It is
true that the American forces had actually reduced
and occupied neither Havana nor Manila, nor San
Juan in Porto Rico. But nobody of any intelligence
doubted that such occupation was easily possible with­
in a short space of time. Manila and Porto Rico were
on the point of falling, and Havana, even if able to
offer stubborn resistance to our army, wa3 at the
mercy of the fleet. With her navy destroyed, Spain
could not look for any opportunity of forwarding
either reinforcements or supplies to the beleaguered
cities.
All this was sufficiently obvious to any reader of
the current news despatches. What has not been so
openly visible was the situation of Spain in relation
to the European Powers.
Undoubtedly the Sagasta
Cabinet has rested some forlorn hopes on the chance
of a further European complication whereby, even if
Spain itself did not secure a formidable ally, the
activity of the United States might at all events be
diverted. On one or two occasions the despatches
seemed to indicate a remote possibility of such an
issue; but it very soon appeared that neither France
nor Germany entertained any idea of a move of this
character. None of the Continental Ministers has
endorsed or approved Lord Salisbury’s reference to
Spain as a dying nation, but all have been perfectly
conscious of the truth of the description. Active
alliances are not made by first-rate Powers with deeaying States unless the mere announcement of such
alliance could be depended on to produce the full
results desired. In the present case Spain was not
only dying in a political sense but in a military sense
she was virtually dead. Nations may put themselves
in a position to quarrel over the property loft be­
hind by the death or incapacity of their political

293

proprietor, but they are rarely disposed to pick a
quarrel for the sake of preserving to him and his heirs
what he has already. Therefore it is quite obvious
that the Spanish Government in each of its applica­
tions for the moral support of other Powers has been
met by the calm advice to lose no time in making
peace. Exactly the same thing happened in the later
days of the Franco-Prussian war, when in fact the
French Emperor had not only hopes of neutral aid
but pos tive promise of such aid in certain contingen­
cies. The conditions of such agreement did not
contemplate the absolute destruction of Napoleon
III.’s offensive and defensive armament. With the
Prussians unobstructed on the road to Paris, there
was only one note in the advice of France’s dis­
interested diplomatic friends, and that note was sub­
mission.
In the present situation, moreover, we cannot help
suspecting, from the manner in which the peace ne­
gotiations have come about, that France has been the
most urgent of all advisers in this direction. Acute
as the irritation of the French people may have been,
at the outbreak of the war, against the United States,
nothing could be more certainly predicted than the
ooolmg-off in their desire for intervention when the
manoeuvres of Germany in the Philippines became
visible. The shortest way of heading off any agree­
ment by Spain with Germany, as to the future distri­
bution of the Spanish colonies, was to convince the
Madrid Government that immediate peace on the best
terms obtainable was the only rational object of the
defeated State.
In the perplexities of the Spanish Cabinet, how­
ever, neither the influence of friendly Powers nor the
possibility of further effective resistance has been the
deciding factor. The Powers did their best to settle
the quarrel before it came to war, and the Madrid
Ministers were perfectly conscious last March that
their defeat in a contest with the United States was
inevitable. The gravest embarrassment was, how to
deal with the Spanish home constituency; how to
make peace and yet avoid a fatal reckoning with the
revolutionists, the Carlists, or the army. We have no
doubt that the way to an opening of negotiations was
paved by the consciousness of the Ministry that these
dangerous forces were at last under reasonably safe
control. The Carlist demonstration has collapsed; to
be sure it is rumored now that it is to be made after
peace is announced. But if any such design were
contemplated the movement would not be publicly
proclaimed. The earlier attempt failed entirely, even
the discontented citizens rejecting the alternative of
a royal claimant basing his title on a mediaeval
theory. The situation was too serious for such fool­
eries, and was, unconsciously perhaps, recognized as
such by the Spanish people.
The revolutionists, on the other hand, seem to have
failed to consolidate their forces. As simple rioters
they can be kept down with the Government’s present
preparations; as aspirants for control of government
they cannot agree among themselves, nor is it likely
that any one of them wishes to have the strain of fin­
ancial and military reconstruction imposed on him
individually. The reported attitude of Senor Robledo,
for instance, in demanding continuance of war, ap­
pears to mean nothing more than the habitual action
of an opposition whose own future political prospects
rest on its power to criticize all the acts of an admin­
istration. In reality the army was from the first the

294:

ITHE

C H R O N IC L E .

really formidable element of doubt, and it is
aow becoming evident that our own Government’s
policy with the surrendered troops at Santiago
was a stroke of exceptional sagacity and wisdom. Sen­
timent has much to do with political results at such
Important junctures; and the refusal of our officers
to allow a Cuban triumph over the captured city,
their humane treatment of the soldiers who had laid
down their arms, and the quite unexampled generos­
ity with which, instead of a Southern prison, free
transportation home was allowed to the Spanish pris­
oners, arc actions such as go far to reverse both prej­
udice and resentment. It would be strange if the
Spanish army, after the Santiago episode, were to go
home prepared to upset a government which made
terms with the United States.
Nor does it seem to us, in the light of history, that
the terms submitted by President McKinley to Minis­
ter Oambon are excessive. Withdrawal of Spain from
Cuba was of course an inevitable requirement. With­
drawal from Porto Rico followed logically, because
with Spanish sovereignty extinguished by foi’ce of
arms in a neighboring island, it was quite inconceiv­
able that the Porto Rican population would submit to
continuance of misrule from Madrid, and to remove
that island from the discussion would merely leave the
same annoying situation as had existed for half a cen­
tury in Cuba— a situation which could hardly fail, in
time, to involve the United States again in con­
troversy with the foreign masters of the island.
Having taken the irretraceable step of annexation
in Hawaii, no new step is involved by annexing Porto
Rico; that island being, indeed, an infinitely more
appropriate and natural dependency of this country
than the remote Pacific Ocean group. There has in fact
been from the beginning an element of the inevitable
in the conclusions regarding Porto Rico. Our Gov­
ernment has never from the first hesitated in pre­
paring for its annexation; the most persistent op­
ponents of Hawaii and Manila have scarcely argued
against it; Spain itself seems to have, taken the loss
for granted. By far most striking of all, the recep­
tion of our troops by the inhabitants has turned an
invasion into something much like a holiday pro­
cession.
The question of Manila has been the real crux of
the peace negotiations, as everyone saw it must be,
from the day of Admiral Dewey’s victory.
We
think, however, that our Government has taken the
most moderate action possible under the circum­
stances. The Ministry at Washington has to deal
with popular opinion quite as carefully as the Minis­
try at Madrid, and the drift of popular opinion has
been strongly in favor of retaining at least a foothold
in the Philippines. It must be remembered that our
Government has waived the usual claim to a money
indemnity; and, as we understand it, there is
no present purpose to acquire more than the
possession of Manila City.
That such an ar­
rangement will still leave behind it some
awkward problems is unfortunately a matter of cer­
tainty. We do not at the moment know whether the
Philippine insurgents may not become our active ene­
mies; they certainly do not figure as allies. So curious
a situation puts the seal of wisdom on the President’s
plan for a joint commission to discuss and settle the
details of arrangements in the Philippines. We think
this plan dou'oly a matter of sagacious statesmanship,
because by its terms it would exclude a repetition, as

fY0L. LXVII,

between the United and Spain, of the Berlin Confer­
ence of 1878. At least one step will have been taken
to avoid the pitfall of European diplomatic entangle­
ments in the East, if we begin by a frank and straight­
forward understanding between the two parties chiefly
interested, and respectfully hut firmly refuse to allow
the neutral Powers to interfere.

CHESAPEAKE & OHIO'S N O TEW O RTH Y
A GTTIE MENTS.
The record of the Chesapeake & Ohio in operating
results is becoming each year more remarkable. Se­
curity holders are apt to look only at the income ex­
hibit, paying littlo heed to anything else if that is
satisfactory. In the Chesapeake & Ohio case the in­
come returns, considered by themselves, give no idea
of what has been accomplished—against what tre­
mendous odds a favorable outcome has been reached,
and how brilliant has been the work of the manage­
ment in the operating and transportation departments,
on which success always so largely depends and in this
case pre-eminently depended. The results canuot he
characterized otherwise than as marvelous. Nor, in
noting the company’s achievements, must we omit
mention of tho promptitude with which its annual
report is issued. The fiscal year ends Juno 30. Ad­
vance proofs of the report were placed in our hands on
Tuesday of this week, August 9, so that the report
with all its statistics regarding traffic and operations
was compiled in the space of about five weeks. This
is not only quick work, but it shows how completely
things are systematized in all departments, since
otherwise such dispatch would be out of the question.
In the matter of rates, and in fact in all the par­
ticulars in which the road has been especially distin­
guished since the present management succeeded to
control, the company again surpasses all its previous
records. We have many times directed attention in
the past to the exceedingly low average rate realized
by the company on it.3 freight traffic.
It has seemed
almost incredible that a still lower figure could be
reached and bankruptcy be avoided, Yet now that j
we have the report for 1897-8 we find that there was J
a further decline of over 11 per cent in this one year,
bringing the average down from 4T9 mills to only
3-70 mills. In other words, in the twelve months
ending .1 une 30 1898 the company received an aver­
age of only 37 hundredths of a cent per ton per mile
on its entire freight tonnage, high class and low class- ;
It follows, therefore, that it was necessary to move
almost three tons of freight one mile in order to earn
a single cent in gross revenues. No comment is
necessary further than this hare statement to show to
what diminutive proportions the compensation ac­
corded the road for its transportation services has
been reduced.
We believe there is no other important system of
any considerable size which is obliged to move traffic
at such extremely small figures. The Philadelphia
& Erie (main liue) and the Beech Greek in their
latest years had averages almbst as low (the one 3'71
mills, the other 3-79 mills), but these are both small
pieces of road. The Norfolk & Western may possibly
approach very close to tho Chesapeake & Ohio,
though for the nine mouths to .June 30 1897 (the
latest period available), the average was 4-41 mills.
The Pennsylvania, which, like the Ohesakeake & Ohio,
has a very heavy tonnage in coal and other low-class
freights, reported for the calendar year 1897, an aver­

A ugust 13, 1898.j

THE

C H R O N IC L E .

age of 5-36 mills on tlie lines east of Pittsburg &
Erie, thi3 including the Philadelphia & Erie division,
for which the average was but 4-20 mills. In an article
on the New York Central in our issue of June 25 we
showed that that company had also suffered a severe
reduction in the late year; yet the average there, even
after that reduction, looks high alongside that of the
Chesapeake & Ohio. In brief, the Central got 6-1
mills, against the C. & O.’s 3'7 mills. On the Lake
Shore the average in the late calendar year was 5-45
mills, on the Erie in the year ending June 30 1897 it
wa3 5-96 mills— the figures for 1893 not yet being
available.
The Chesapeake & Ohio, a3 stated, has a very large
tonnage in coal.
But it must not be supposed
that its small average is to he explained wholly by that
circumstance. Even on the merchandise freight, by
which we mean the freight other than coal, the road
realizes a very’low rate—lower than that for most
other companies with coal included, the figures for
the late year having been but 4 ‘37 mills. Put in an­
other form, the compensation on this, the best class
of freight, is such that the company must move nearly
two and a half tons of freight one mile to produce a
gross income of one cent. As far as coal is concerned,
the price received for the transportation service has
reache 1 a point bordering on what certainly would
have been thought the impossible a few years ago.
We noted in 1896-7 some slight improvement in the
coal rates; in 1897 8 they are down again, and to un­
precedented figures. Briefly stated, on the coal car­
ried to the seaboard the company got an average
of only 2 59 mills; on that carried elsewhere than to
the seaboard it obtained an average of 3 ‘33 mills.
Such a performance dwarfs, of course, everything
else. It means that on the best paying branch of its
coal business it found itself obliged to move three
ton3 of freight one mile to produce in gross revenue
one cent, and on the poorest class it had to move nearly
four tons one mile to earn the gross amount of a cent.
The farther decline in the late year was, of course,
not unexpected. In the case of the coal traffic there
was excessive competition, while as to the other classes
of freight, rates in trunk line territory, as is known,
were utterly demoralized.
President Melville E.
Ingalls, who from his long experience certainly speaks
with authority, calls it “ a year of probably the greatest
demoralization of rates that has ever been known.”
lie notes that since the first of June various meeting.3
have been held to devise measures to secure the main­
tenance of rates, and he expresses the opinion that the
outlook for the coming year appears to be that while
there will be no great advance there will be a more
steady adherence to tariffs than for the year just
closod. It is to be hoped that this prospect will be
fulfilled.
It is obvious that when a company of the importance
and size of the Chesapeake & Ohio can earn its fixed
charges on rates which necessitate the moving of
three and four ton3 of freight a mile for the gross
compensation of one cent, the science of railroading
ha3 been brought to a high state of perfection. Ob­
viously, too, such an achievement was possible only
through the practice of systematic economy in opera­
tion. It has been the aim of the management from
the beginning (realizing that the problem of low rates
would have to be solved by bringing the cost of per­
forming the service down to a minimum) to effect a
very great reduction in the cost per unit of work.

295

The success attending this effort is shown by the
report of the train loads for the late year. All
past records are excelled, and the average of
the train load has reached a really remarkable figure.
In short, this train load for the twelve months ending
June 30 1898 attained the unprecedentedly high
average of 379 tons, being 27 tons better even than for
the year preceding. To appreciate the true signifi­
cance of this performance it is necessary to compare
with the records of other roads that hold a prominent
position in this respect. Hence we may note that
against the C. & O.’ s 379 tons, the train load on the
Lake Shore, which has always been distinguished for
its work in this line, was for the late calendar year
only 321 tons. Tne New York Central freight trains
in the year ending June 30 1897 (the data for 1898
are not yet at hand) averaged 270 and those of the
Erie 276 tons. On the Great Northern, where the
same problem has heen worked out (though of course
not under equally favorable conditions), the average
for 1896-7 was 281 tons.
In tabular form these com­
parisons stand.
A V E R A G -J T R A IN L O A D S.

Chesapeake & Ohio (year ending June 30 1898)........................ 379 tons
Lake Shore (year ending Decem ber 31 1897)............................. 321 tons
New Y ork Central (year ending June 30 1897)...........................270 tons
G eat Northern (year en d in g June 30 1 8 9 7 )............................... 281 tons
Erie (year ending -Tune 30 1 8 9 7 )..................................................... 276 tons

Thus the C. & 0 . managers have sought to make up
for the decline in rates by hauling an increased num­
ber of tons in the trains, and to show the progress in
that direction we may say that as recently as 1890 the
C. & O.’ s train load was only 225 tons. To haul these
increased loads the road had to be brought to a high
state of efficiency through improvements in road bed,
track, equipment and motive power.
One factor in the general advance of the property
should not be overlooked. We refer to the policy of
the management in making many additions and im­
provements and paying for them out of earnings, in­
stead of charging them to capital accouut. The wis­
dom of this policy cannot be gain id. In fact, any
other policy at a time of such a rapid decline in trans­
portation rates as has occurred must have proved
disastrous. For had the money not been provided out
of earnings, it must have been raised by the issue of
new loans, and this latter would have added very ma­
terially to interest charges, correspondingly weaken­
ing the position of the company.
In the late year the outlays in this way reached
unusual proportions. Very large amounts were spent
in various directions—for bridges, piers, trestles, side
tracks, double tracks, &c., &c.,—and yet the whole out­
lay was provided for out of earnings. The company
had no construction account, and spent, we are in­
formed, in adlition to the improvements of the prop­
erty, over $700,000, which was charged directly to
expenses.
It is a remarkable fact, demonstrat­
ing with what economy and efficiency the property is
being operated, that notwithstanding these very heavy
outlays the operating cost was not increased, standing
at 68 per cent for 1898, as it stood in 1897 and 1896.
The growth of the company’s traffic and revenues
has been no less wonderful than the other features
enumerated, but this growth has followed directly
from the company’s ability to move traffic at a steadily
diminishing cost. In the late year the increase in the
freight tonnage was 1,315,617 tons.
bile the bulk
of this was in coal, there wa3 really improvement in
every direction, only nine items of traffic out of thirtytwo showing a loss. The record of gross earnings,

296

THE

C H R O N IC L E .

iv o l ,

n x v r i,

One of the most striking conclusions stated in the
as follows, will furnish an idea of the steady expans­
non-official report is that in Central and Southern
ion which has been going on.
China there is no town of commercial importance
1808.
1887.
1806.
1895.
1894.
G r o ss...$11,783,557 $10,708,183 $10,221,131 $0,596,030 $9,0 14,108
which is not already accessible by means of cheap
In the net there has also been growth, though until water carriage. All the great importing, exporting
the last two years this growth was slow :
and distributing centres are served by river, lake or
1898.
1897.
1896.
1895.
1894.
N e t.......$3,806,250 $3,421,413 $3,257,978 $3,131,502 $3,016,980 canal, and such parts of the country as are not so
In the surplus remaining above expenses and served are really of little moment to the foreign trade
charges, the record is likewise one of much encour­ of Middle and Southern China. The native craft are
agement, especially if the conditions under which it admirably adapted to the varied nature of the water­
ways, so that “ wherever a log can be floated ” there is
was reached are considered.
water traffic. These may be greatly improved and
SURPLUS OVER ALL CHARGES.
1898......................................$618,509 1895....................................... $18,756 rescued from neglect by modern engineers, but the
1897...................................... 302,542 1891....................................... 14,060
non-official report does not encourage the hope that
1896...................................... 147,341
Thus against practically nothing in the earlier railways can, except perhaps in certain districts, do
years the surplus in 1898 was $618,509, equal to much to develop trade in competition with the exist­
about one per cent on the stock. It deserves to he ing water routes if only these are fully utilized. This
pointed out that this surplus remains not only after view is not supported, however, by Mr. Bourne, who
allowing for the heavy expenditures out of earnings expresses the opinion that in no part of the empire
for additions and improvements, but also after de­ would railways be of greater advantage than in the
ducting $48,669 for advances to the Chesapeake & province of Kwei-Chu, where “ there is no water
Ohio Steamship Company, 820,353 loss on account of traffic at all except on the eastern side and there it is
0. & 0 . S. grain elevator, and $44,421 of had debts very difficult.”
With strange perversity, however, the Chinese have
charged off, besides some other items.
The financial condition of the company is excellent. contrived largely to neutralize the enormous advant­
During the year $2,287,000 of maturing 6s were age of their water communications by the heavy exac­
exchanged for new os, while the sale of the $1,590,000 tions of the mandarins iipon both local and transit
41 per cents held in the treasury enabled the trade. The story is, of course, an old one, but few
company to pay oil the special loans of $500,000 ex­ people, it may well be believed, even amongst those
isting a year ago. The company now has no floating who in other respects are fully informed upon Chinese
debt except the ordinary current liabilities, amounting internal government, are aware of the enormity and
to $2,009,081, and against these it holds $2,338,096 of the variety of the “ squeezes ” boldly enforced by the
cash and cash assets. We notice, also, that the notes local authorities as set forth in these reports. The
of the Norfolk Terminal & Transportation Company “ transit pass ” system which, in accordance with a
treaty concluded forty-five years ago, was to get rid of
have been paid off and replaced with a bond issue.
these arbitrary imposts by regulated payments in one
sum, is still either openly disregarded or is evaded by the
THE BLA C K B U R N COMMERCIAL MISSION
most ingenious devices. For example, goods passing
TO CHINA *
into the inteiior under a pass are often allowed to reach
M a n c h e s t e r , August 3d, 1898. their destination without payment on the way, hut
The full report of the Commercial Mission sent to they are watched, and the buyer there is at once re­
China in August 1896 by the Blackburn Chamber of quired to pay an extra duty upon them from which
Commerce has now appeared in a handsome volume of other goods on which the likin has been paid at suc­
550 pages. The three members of the Mission, Mr. F. cessive stations are free.
S. A. Bourne of the British China Consular service, Mr.
You may thus get your merchandise to the point
Henry Neville and Mr. Henry Bell, reached Shanghai desired, but any advantage resulting from the transit
in October of that year, returning from Hong Kong in pass is completely wiped out by the final squeeze. The
July 1897. In the interval of nine months they trav­ two southernmost provinces of Kwang-Tung and
ersed the Yangtzi from its mouth to Chun-Khing, Kwang-Si have long had a bad pre-eminence for these
where they left the river, making a detour northward oppressive exactions, the Pekin Government having
through the province of Se-Ohuen, or Sze-Chuen, to never been able, even if it were desirous, of carrying
the Thibetan border, re-oros3ing’the Yangtzi, 150 miles out the treaty there. Of Kwang-Tung particularly
above Chun-Khing into Yun-Nan. Thence they passed the report says : “ To attain to one of the higher posts
through Kwei-Chu to the West River and down it to in the provincial or local administration is tantamount
Canton and Hong Kong.
to making one's fortune, so favorable are the chances
The official report of Mr. Bourne was published by of plunder, and so severe is the competition to gain
the Foreign Office several weeks’ ago, and it is now re­ such posts.” It is added that the Yarnens, from that
produced along with the larger one prepared by his of the viceroy of the province downward, have become
colleagues of the Mission. Both documents contain hot-beds of corruption, bribery and peculation. “ What
ample itineraries full of interesting information con­ do these men care about the expansion of trade, the
cerning the physical features of the country and the fostering of industries and the material prosperity of
resources, trade, habits and characteristics of the the people under them, so long as they are able to
people. But the most important topics connected retire at the end of their term of office with well-lined
with the objects of the mission are dealt with in sep­ pockets? A trade can be crushed out of existence by ex­
arate chapters, and these are, as might have been ex­ cessive taxation—as the tea trade has been [in Kwangpected, more freely handled by the non-official mem­ Tung]— and yet these official harpies would not, in or­
bers than by Mr. Bourne, whose report, however, is der to resuscitate it, relax their demands by one iota.”
from other points of view extremely valuable.
The French Government has recently been very act­
ive in insisting upon liberal compensation for arbi* Comm unicated b y our Special Correspondent in M anchester.

A ugust 13, 1898.]

THE

C H R O N IC L E .

irary exactions from, its citizens in Southern China.
An illustrative incident of this kind occurred while
the Mission was there. A small French steamer trad
ing between Hong Kong and Pakhoi, a port on the
aouth coast of Kwang-Si, was seized at the latter
place for some alleged breach of Customs regulations,
the real reason being that the running of the steamer
interfered with some business in which the local offi­
cials were interested. The French Consul took up
the matter vigorously and was successful in obtaining
from the Chinese government the sum of 8750,000 as
a solatium for detention and loss of trade. Still more
recently the Viceroy of Canton has awarded 8100,000
to a Frenchman “ upon a claim so flimsy that had it
been brought before an English Consul he would cer­
tainly have refused to entertain it.” Indeed Mr. Han■otaux, the late French Foreign Minister, stated in
the Chamber last February that French diplomacy
was incessantly active in China. At every port its
agents were working for the growth of French influ­
ence and within two years they had succeeded in se­
curing indemnities to the amount of 4,600,000 francs
for damage done to missions alone.
The opening to foreign trade in June 1897 of the
new treaty port of Wuchow on the West River, 2L8
miles above Canton, has served to arouse afresh the
hostility of the mandarins. They are resorting to
numerous expedients to evade the rights thus con­
ferred upon trades, and especially those attaching to
transit passes, particularly the device of placing a ter­
minal tax upon goods conveyed under passes. How
seriously the successive local squeezes crush out trade
may be inferred from a few figures. A table is given in
one of the reports showing the prices of certain cotton
goods at Shanghai and at Chun-Khing on the Upper
Yangtzi. I have worked out the differences and find
"that the increase at the latter port varies from 28 to 49
per cent upon the cost at Shanghai, and as there is
steamer carriage the whole of the distance between the
two points it is tolerably clear that these differences
are not accounted for by cost of transport: yet there
ought to b i no other charge except the merchants’
remuneration, since the goods are sent under transit
passes on the Yangtzi. But elsewhere the imposts are
much heavier. Between Chun-Khing and Cheng-tu in
Sze-Chuen, a distance of only 400 miles, a piece of cot­
ton shirting is taxed illegally to the extent of G-86d., or
more than 10 per cent of its price at Shanghai. Still
worse is this fraud on the West River, where on a
10-lb. shirting the successive local exactions amount
in the course of GOO miles to 2s., which is equivalent
to 25 per cent of its value at Shanghai or Canton.
Some years ago appearances seemed to indicate that
even in the Southern Provinces the transit-pass sys­
tem was in fair way of bacoming permanently estab­
lished. In 1891, by the united pressure of the foreign
consuls at Canton, the system was inaugurated suc­
cessfully in respect of imported cotton goods and
yarns. For a time the mandarins seemed to accept
the change, mainly because they were compensated
for their losses by the taxes received from a rapidlyincreasing trade in kerosene oil. This was carried
exclusively in native junks, and for that reason the
opposit on to the exactions was easily overcome. In
the course of the same year, however, steamers began
to bring the oil in large quantities, and those inter­
ested refused to pay the taxes. In order to meet the
competition of the steamer-borne oil, the mandarins
reduced their claims from 40 cents to 20 cents per

j

97

case. Still, more and more oil came by steamer under
transit passes. The device of a heavy terminal duty
was then adopted, and thus the attempt to carry out
the treaty provisions was defeated. The terminal
likin upon oil is now 30 cents per case —three times the
amount of the original Imperial Customs import duty.
Passing by many weighty topics discussed in the
report, space must be found to mention the interesting
question of the rapid growth of the imports of Amer­
ican cotton goods into China. The distribution of
these in Southern and Central China is not very great,
but in the North, particularly in Chihli and Manchu­
ria, it has reached most important dimensions, and is
still growing. The following table gives the quanti­
ties of each description of American piece goods im­
ported into China in the years 1892-96 inclusive.
1892,

1893,

1894,

1895,

1896,

P ie c e s .

P ie c e s .

P ie c e s .

P ie c e s .

P ie c e s .

D rills................ 621.882
S heetings......... 1,30?,69.5
Jeans................
18,000
T ota ls........... 1,942,577

422,190
720.084
903,335 1 ,2 87,3 -7
24,000
26,000
1,349,525

2,033,481

586,9^3 1,214,577
888,773 2,248,032
22,000
52,500
1,497,756

3.515,109

It i3 quite likely that a considerable proportion of
the recent increase in this trade is due to the slack­
ness of the United States home demand for cotton
goods and the consequent willingness of manufactur­
ers to'accept lower prices than they would have done
if their domestic trade had been more prosperous.
There can be no doubt, however, that very much of
the American trade with China is profitable, or at
least is as profitable as the home trade, and that it is
permanent and growing, so far at least as sheetings
and drills are concerned. It is stated, on credible
authority, that the mills in the Southern States can
profitably manufacture these China goods. If so, and
especially when they bear established trade-marks,
there is every prospect of an enlarging market for
these Southern fabrics in Northern China, at least so
long as the “ open door” is preserved.
R A IL R O A D GROSS E A R N IN G S FOR J U L Y .
As foreshadowed in our weekly returns, our compila­
tion of railroad gross earnings for July make3 a much
les3 favorable comparison than heretofore, and shows
the smallest gain recorded in any monthly exhibit in
considerably over a year. In the final result the im­
provement over July last year reaches only $723,467,
or l -78 per cent, while no less than 60 out "of the
132 roads contributing returns actually record losses.
The reasons for the changed character of the returns
are not hard to find. The month in the first place
contained one less business day than the correspond­
ing month of last year, July having had five Sundays
against only four in 1897. Then there was a great
contraction in the grain movement. Whether it was
on account of the exhaustion of old supplies, or be­
cause the prevailing low prices for cereals induced
farmers to hold back their grain, or whether the two
causes together operated to restrict the deliveries,
the movement in any event fell off, and the rail­
roads (speaking of them as a whole) suffered a ma­
terial reduction of their grain traffic. The falling off
in the movement extended to practically all the pri­
mary markets (barring one or two minor points), and
to all the different cereals. To this must be added also
a loss in the live-stock movement.
Furthermore there were some special disturbing cir­
cumstances affecting the comparisons, hor instance,
last year several of the trans-Continental lines, and
mftre particularly the Denver & Rio Grande, the Rio
Grande Western and the Northern Pacific, derived

THE

298

C H R O N IC L E .

important benefits from the holding of the Christian
Endeavor Convention at San Francisco, which was
well attended. This and the “ Mormon Fifty-Year
Jubilee" travel were both lost to the roads the present
year. Then also a few companies like the Norfolk &
Western, the Chesapeake & Ohio and the Chicago In­
dianapolis & Louisville gained important advantages
last year in July from the bituminous coal strike at
that time prevailing. It is not surprising to find that
these same roads the present year, with that stimu­
lating cause absent, have all suffered decreases.
Then it must not be forgotten that we are be­
ginning to compare with improved results last year.
July was by no means a .poor month in 1897. In­
deed, our tables then showed $2,205,410 gain, or
5T6 per cent, and this followed increases in both 1896
and 1895. The subjoined statement gives the com­
parisons back to 1894.
Mileage.

E arnings.

Y ear
Given.

T ea r
Preceding

Y ea r
Given.

July.
1894(128 road s).*...
1895 (122 road s).......
1896 (181 ro a d s ).___
1897 (127 roads).......
1S9S (132 ro a d s ).......

MUe*.
d S J il
98.483
97,351
100.859
95,583

M iles,
96,103
93,141
96,571
99,445
95,061

$
30,990.332
88,912,839
13,017,094
11,954,350
41.132,712

J a n . 1 to Ju ly 31.
1894 ‘, 124r o a d s )....
1895. U S to a d s )......
1S90 u s e roads).......
1897,125 r o a d s ).....
1898 (131 roads).-

99,001
97,811
95.070
100,303
95,501

95.491
210.770,718 288,353,24*
97.022 . 260,08*? 40 218,381,093
266,048, GO 250,3c 4,317
94.290
289,501,390 281,508,189
98.888
95,039
292,8-3.734 263.000,290

Year
P receding.
$
38,978,977
33,555,253
40,007,08
4 2,748,910
40,709,215

D ee.
In c.
In c.
In c.
In c.

Dec 47,582,530
fn-c. 11,7 05,5 53
In c. 16.293,813
In c. 4,9)9,201
Tnc. 20.823.141

Dealing now more specifically with the grain move­
ment, we find that for the four weeks ending July
30 the present year the receipts of wheat were about
three million bushels less than in the corresponding
four weeks of last year, the receipts of corn also about
three million bushels less, and the receipts of oats
nearly six million bushels less, while there was a con­
traction likewise in the receipts of the minor cereals.
Combining wheat, corn, oats, barley and rye, the re­
ceipts for the four weeks in 1898 aggregate 26,555,232
bushels, against 39,108,023 bushels in 1897. The flour
receipts also fell off, and altogether the loss amounted
to over 13,000,000 bushels, equal roughly to 325,000
tons of freight. We show the grain movement below
In our usual form.
BB 0EIPT8

or

FLOU R AND GRAIN FOR FOUR WEEKS ENDING JU LY 3 0
- AND SINCE JANUARY 1.

Flour.
(bbls.)
Chicago 1 wks. July, 1898
4 wks July. 1897
Since Jan.l, 189'
Milwaukre—
A wka. July, 1898
4 wk». July, 1897
Since Jan. l. 1898
Since Jan.l, 1897
Bt. Louis—
4 wks. July, 1868
4 Wks. July, 189'
Since Jan.l. 1SH8
Since Jan.l, 1897
Toltrto—
4 wks. July, 1808
1 wka July, 189?
Since Jan.l, 1898
Since Jan,l, 1897
Detroit—
4 wka July, 1898
4 wka July, 189
Since Jan.l. 1808
Since Jan.l, 1897
Cleveland—
4 wka July, 1818
4 wka. July, 189?
Since Jan.l, 1808
81nce Jan.l, 1897
Peoria—
4 wks July, 1898
i wks. July, 1897
Since Jan.l. 18P8
Since Jan.l, 1897
Duluth—
4 wks, July, 1898
4 wks. Joly, 1897
Since Jan.l, 1898
Since Jan.l. 1897
Minv'avolis—
4 wks. Julv, 1898
4 wka. Julv, 1897
Since Jan.l, 18P8
Since Jan.l. 1897

Wheat,
(bush.)

Corn,
{bush.)

182,004
970,62? 6,537.951
105.568
787,669 10.096,504
2.04 4.370 12,704,150 70,404.04/1
1,301,072 2,733,571 44,476,7/0

Oat*
(biush.)

Bariev,
(bush.)

Bye,
(bush.)

5,043,819 138,100
153,412
8,4»5,850
295,500
173.781
55,097,307 0,274,850 1.464,392
53,098,760 0,516,015 842,872

117,730
342,050
1,306,420
1,230,500

332,045
402,490
4,225,812
3.43fl,07w

604,000
177.100
40.800
70 3 )0 843.000
307.200
4,029,050 5331,000 4,101,510
550,388 5,041,600 4,122,7i5

70.095
83,8'0
72*685
683,711

1.100,877
1,2»5,028

3.750
2.2)2
58*004
173.J01

2,035
0.705
398. IH
243,731

708
706

16.601
3 <,970
190.0S 5
85.578

8,351487,130
809,012

11,641
23.246
234.065]
41,064

3Q\080
420 245
•400,265 745.060
16.991,465 5.896,8-0
3,UQ,6j 7 13,724,981 0,669,685

3.413
3,18i
26.249
26,182

2,i5P,01t1.000,258
8.245,269
2,341,050

344,712
34,550
580,3011
15,438
O.362.0:i6 1J12.1I.
7,620,893
341,960

12,350
30.H60
123.855
109,55t

372.917
108,157
1,008,522
643,807

130,702
147,050
1,304,242
870,5:0

3.445
58.098
30,417

271,979
120.567
1.714,03
72a,027

40O.S99 442.186
50.m
1*17.104
5,541,63i 3,345,542
610,28 1,291,3liJ

23.410
22.650
220,270
186,40'

91.84 4
303,35 A
850,673
509,570

53.460
447,100
f 91 550
21,00790.350 821.850
270.650 9,464,P(Ki 5,2 0,850
839,406 11,40M ?0 6,095,300

288,145
303,800
423.056 2,831,958
1,462.370 11.353.124
1,589.845 15,650,908
4.0’ ? 1.107*750
7.388 8.4 20,980
95.701 24.416,300
69.2 9 26, m 920

51,000
127,375
839,920

10,97
8,000
7.000
791.9V501,600

3.60C
1.20C
70,100
55,700

372.441
44.104
21.2'g
9,471
11.85*
735,824 245,783
13 .7 4
2.582.12 3.024,701
267.534 1,037,028
81,018 5,010,579 2,309,546
909,51 2

2H.O> (i 302 260
96,280 3,221.170
1,973,980 4,339,950
1.000.710 *150.730

Flour,
(bbls.)
ffaiwa# Otty—
i wks. July, 1898
4 wks, July, 1897
Since Jan.l, 18P8
Since Jan.l, 1897

17,810

20,000

60 40

36,480

:::: : : : :

Wheat,
(buth.)

Csm.
{bush.)

1.547.000
1,930.00'*
7.082.000
3.313,80"

496,0041 216 00 ’
249.000
483,000
7,984,300 2,063.001*
8,<'ll.950 2.006,500

Barley, [ Rye,
(bush.)
(bush.)

Oat*,
(bush.)

Total of all—
4 wka. July. 189S 70*404 *518.391 9.880.990 7,639,737
201.721
285.303
911.317 n.5 4,007 12,8' 3,099 13,365.79*
4 wks. July. 1897
844,00"
550,584
Since Jan.l, 1898 6.725.0 47 77 873,3*10 12 00.37H H7.79l.38l 12,506,044 4.235 599
Smoe Jan.l, iso 5.316.000 57,49\279 88.011 960 >8.788,1*02 14,598 070 2.911,562

As is usually the case, the greater part of the loss
occurred at Chicago and thus fell with especial severity
on the roads roads running to that point. For the
even month the receipts at Chicago were only 13,570,785 bushels in 1898, against 21,2.0,167 bushels in 1897
and 17,196,613 bushels in 1896. This last comparison
is very important, as it shows that the grain movement
was smaller not only than last year, but smaller than
the year before. Here is the Chicago statement in
detail,, including also the provisions movement.
RECEIPTS AT OI1IOAOO DURING JULY- AND SINCE JANUARY 1.

Increase
or
Decrease.
*
7,988,645
5,357,586
1,610,012
2,205,410
723,167

[V ol . L x v ir .

July.
1888.
Wheat.bush.
{Jorn.,.buah.
Dats.. bush.
iy e.. .bush.
Sarley.bush.

1897.

700,769
976.228
6,919,951 10,762,264
5,339.810 9,149,650
150,012
13*534
147,875
320,950

Since January 1.
1896.

1897.

1898.

1800.

2,583,256 12,691,150 2.794,977 0.403,628
7,930,39; 71,464.443 48,467,071 44,205,034
6,240,29 55.094,307 56,173,494 53,928,035
133.491 1.464,393
870.512
785,695
263,172 0,272,8:0 0,856 3 io 7,482,833

Total grain 13,570,785 21,210,167 17,190,618 140,990.103 112,968,019 112,811,120
flour., bbls.
190,352
200,311
211.502 2,044,379 1.432,108 1,346,410
P<?rk....bbls.
052
3
273
3,998
1,052
4,047
Outm’fcsJbs. 16,990,890 10,450,839 15,275,641 141.42*829 90,080,571 96,533,970
Lard...,.lba. 6,063,239 4,953,610 8,391,932 47,98*964 33,797.215 45,325.441
Live hogsNo
601,658
645,703
499,964 4.963 563 4,093,740 4.339,480

We have stated above that the live-stock movement
had recorded a contraction. Of live hogs it will be
observed from the foregoing the deliveries were much
heavier, being 645,768 head, against 601,658 in 1897,
and 499,964 head in 1896. Taking, however, the live­
stock movement a3 a whole the comparrison is differ­
ent ; there we find deliveries of 20,333 car loads in
1898, against 21,321 ear loads in 1897 and 21,339 in
1896.
The cotton movement in the South at this season of
the year is small, and plays an unimportant part in
the revenues of the roads. The gross shipments over­
land the last three years have been as fpllows: 1898,
37,192 bales; 1897, 28,553 bales; 1896, 13,403 bales.
The receipts at the Southern outports iu the same
three years were 34,858 bales, 8,603 bales and 20,712
bales respectively, as will be seen by the following.
RECEIPTS

OF COTTON AT SOUTHERN PORTS IN JU LY , AND
JANUARY 1 TO JU LY 31, IN 1S98 1897 AND 189S.

July.

Ports.
1898.
Galveston.............bales.
Sew Orleans...................
Mobile..............................
Savannah.............. .......
Brunswick, & c ............
Jharleaton................. ...
tfllmlngton.................
Washington,
..........
Norfolk............................
Newport Neva, &c......
Total....... . .............

7,331
37
12,705
720
1,732
1,939
476
094
3
80

1807.
1,981
4J52
137
1,112
115
144

8,62 s
515

084
823

34,858

8,603

FRO*

Since. January 1.
1893.

1893.

1.483 531,61"
506 43,039
13,073 1,147,210
91 135,340
..
61,227
3,102 327,2 \i
138,115
SSI 101,04 1
20W 20,14 '
62,24
45
..........
350
811 15*040
15,182
993

1897.

1890.

297,070
43,907
586,914
89,896
40,933
22l,\P7
43,770
81.076
20,753
29 490
109
111,073
7, i n

243,275
53,217
590,189
61,690
14,373
229,605
31,492
09,750
39,850
36,320
125
152,885
33,58)

20,712 2,7:8.785 1,013,331 1,558,375

Though there are 60 roads altogether that have
sustained decreases in earnings, the decreases are not
large in amount except in a very few instances. The
New York Central ha3 the largest loss, at 8334,033,
which we should ascribe to belli a smaller grain
movement and the unsatisfactory rate situation. The
company ha3 changed its method of reporting the
earnings ; income from investments and miscellaneous
sources are now excluded, but we do not understand
that this affects the comparisons, the figures for

THE CHRONICLE

A ugust 13 1898, J

$99

both years being presumably on the same basis. The
With the Pacific roads on the north, the absence of
Milwaukee & St. Paul reports a decrease ot $178,201 the Christian Endeavor travel the present year is a
and here obviously the falling o£E in the grain move­ factor in the comparisons, as already stated.
EAR N IN G S O F P A C IF IC R O A D S.
ment has been an important factor. We show below
all losses and also all gains above $30,000 in amount.
1898.
1897.
1896.
July.
1895.
1894.
1893.
P R IN C IP A L CHANGES IN

GROSS

lan ad ’ n Pacific,
'io r th ’n Pacific.
* to Gr. W e s t ’ n..

*
$
•$
2,024,000 2,107,C02 1,8'" 3,575
1,897,530 1,840,301 1,708,604
209,400
302,100
200,274

$
•1
1,543,544 1,517,009
1,495,375
765,514
208,674
143,049

$
1,863,207
1,620,822
197,918

T o ta l.................

4,180.938 4,249,463 3,718.453

3,217,593 2,431,172

3.682.C05

E A R N IN G S IN J D L Y ,

Increases.

Increases.

Col. Sandusky & H ock.
St. Louis Southwestern

$3%943
33,594

Southern R ailw ay......... $331,740
Florida C^nt <fe P en ---109,603
108,*72
W abash......................
T otal
(representing
Oregon HR. & N a v .......
93,6 '4
21 road s)..................$1,562,748
Cin. N. O. & Tex. P a c ..
8\33 l
Decreases.
Pitts. Bess. & L. E rie..
85,238
Central of Georgia.......
79,810 N. Y. Central ............... $334,0^3
178,' 01
Missouri P acific............
73.030 Chic. Mil. *fc St. P a u l...
131,744
Nashv. Chat. «fc 8t. L—
69,254 Grand Trunk ................
83,002
M exican Central..........
64,361 Canadian P acific..........
T exas.......
55,112
Northern P a c i f i c .........
47,175 Mo. Kan*.
4 9 ,6 15
Col. Hock. Val. & T o l..
46,530 N. Y. Ont. & W estern .
33,529
Tol. & Ohio C e n tra l....
44,685 Minn. St. P. &: 8. S M ..
32,700
Cleve. Cin. Chic. <feSt. L.
44.066 R io Grande W estern ...
, 30,157
M exican N a t io n a l.......
43,9.»5 Minn. & St. Louis..........
Chie. & Eastern I l l s ___
42,414
Total
(representing
W heeling & Lake E rie ..
4 l , 715
11 roads)................... $928,098
M obile & O hio...............
40,55 7
X an. C. Pitts & G u lf...
39,480

Among the East-and-West trunk lines, the Wabash
and the Big Four appear to have done better than the
rest.
EA R N IN G S O F T R U N K L IN E S.

1898.

July.
i. A O. 6.W
Oh.AMisi.
I.C.C.ASt.L
Peo.AEastL T.of Can.
Ch.&G.T...
D.G.H&M.
N.Y.C.AH.+
Vabash....

l
S

1897.

1
509,559

1
535,708

1,143.725
122,412

1,099,059
130,174

1896.
*
497,106

1,083,154!
136,402
I*1,587,013
1,992,828 \ 243,419
(
85,0091
3,632,250 3,485,488|
970,637 ' 1,045,499

1895.
*
519,221
1,162,134
162,990
1,533,875
221/65
91,916
3.545.498
1,074,023

1894.

1893.

$
493,508 (
'
921,562
127,453
1,404,140
141,375
79,871
3,158/08
763,001

»
214,297
S23.597
1,205,252
143,330
1,697,286
332.510
95,478
3,926,232
1,150,783

The Southern Railway leads for amount of improve­
\ 1,830,884
ment, having $33L,740 increase; we note also an in­
)
3.29S.217
crease of $109,603 by the Florida Central & Peninsular
1,079,209
and of $87,332 by the Cincinnati New Orleans & Total....... 8/14,036 8/61,110 8,148/8!)! 8,310,722 7/92,519 9/88,775
Texas Pacific. These are all Southern roads, and no t Includes Rome Watertown & Ogdensburg for all the years.
doubt the movement of U. S. troops has had much to
In the Middle and Middle West (apart from the
do with swelling their revenues. The following is a trunk lines) the exhibits are better as a rule because
six-year comparison for some of the Southern roads.
in that case the coal strike was more or less of an ad­
verse
influence a year ago.
EARNINGS OF SOUTHERN GROUP.

)
July.

1868.

1897.

1896.

1895.

1894.

EARNINGS OF MIDDLE AND MIDDLE WESTERN ROADS.

1895.

1890.
1893.
1897.
1894.
1895.
July.
1893.
t
s
t
1
1
<
133/83
13!,911
124.079
126,867
Alabama Gt. So
100,007 13!,027
1
«
$
*
1
*
056,143
957,700 810,053 780,041
103,806
ChRg. A Ohio......
609.452 855,114 Ann Arbor...........
97,481
104,182
82,219
99,20j
83,043
312,602
27*,741 321,945
Ctn.N.O. * Tex.P
399/31
2+3,000 33 ’,233 Buff.Roch. A Pitt
271,151
832,190 320,550
313,327
291,719
31.7,310
120,127
1C1,477
86.837
82,309
Georgia..............
93 058
80,89* Chicago A East 111.
316,290
21.8,094
273,876 309,231
312,576
368,035
a 84.501
aOJ.605
Kan.C.Mem.ABir
83,103
77,847
280,159
292,509 252,819
74,001
72,895 Chic lnd A Louisv
289,158 220,170
317/01
Louisv. A Nashv 1.81 «/50 1,795,457 1,027,631 1,652.943 1,428.903 1,087,209 Chic.A West Mich. alll.98
143,976 143,12*
122,792 148,291
al24,P78
339,700
299,143 268.259
202,516
208,276
Mobile A Ohio...
155,988
245,257
2:-8,148 220,540 303,008
209,080 250,835 Ool. H. V. A Tol..
84,457
519.531
1< 6,022
400,277
418,668 875,565
98,709
NashXhat.A St.L.
411,000 D e t .G .R a p .A W e s t . al04,425 092,071
350,074
98,730
95,739
90/37
62,574
98,8.4
Norfolk A West.I
830,925
4857,698 892,724
82,039
761,349 843,0.-2 80 J/09 Elgin Jol. A East..
63,838
70,754
109,500
88,728
Southern R y... £ 1.93P.4U 1,007,674 | 1,423,675 1,416/38 1,313,123 1,306,570 Bvansv.ATerre H.
90,400
93,244
116,762
180,505 225,992
217,390
215,367
204,721
211,451
Memphis Div. $
90,883
92,819 Flint A P. Marq....
91,126
86,073
203,397
247,407
220,340
219,599
245,833
Gr.
Rap.
A
lnd.......
*38,108
Total............. 7,160,8C8 6,611,544 8,130,817 0.038.715 5.564,363 6,031,810
Illinois Central+... *1.981.075 1,981,075 1,088,624 1,604/51 1,324,233 1/16/94
270,540 276,853 280,987
275/42
203,327
282,978
a Figures here for 1398 and 1897 are simply the totals of the earnings for the Lake Erie A West.
512/39
528,470
525,925 513,000 510,194
roar weeks o f the month as reported in the weekly returns; the mouth’s L-mg Island..........
532,583
•earalngs usually exeeed the weekly estimates quite considerably.
124,824 124,160 111,560
106/52
119/85
135,741
Lou.Krans.A St.L.
b IncludingScioto Valley A New England and Shenandoah Valley for all the *. Y. Out. & West.
407/86,
890,322
869,781
358,371
358,444
398,091
▼ears.
200,589
385,012 292.367 199/85
271/90
205,971
Plttsb’g A West’n.
i Figures arj approximate, same as for 1898; actual earnings were larger.
169,886
144,289
167,431 177/84
99/04
105,463
Tol. A Ohio Cent..
70,561
72/47
In the Northwest, earnings have on the whole been Tol. Peo. A W est.. 71,219 09,803 76/12 76,393
154,299 163,477
181,702
182/37
1*5,5 6 158,398
Tol. St. L. A K.C.
remarkably well maintained, bearing in mind the West. N. Y . A Pa.. 237,2i 0 278,226 275,979 309,300 309,050 802,315
99/59
133,983
113,16*3
71,451
120,539 134,155
Wheel. A L. Erie..
shrinkage in the grain movement.
T o ta l............ 6.129,003 6,232,274 0,321.654 6,125/45 5,339,436 6.649,461
EARNINGS OF NORTHWESTERN LINES.
+ Includes the operations of the St. Louis Alton & Terre Haute for all
the years but the Chesapeake Ohio & Southwestern for 1898 and 1897 and.
Chicago A Texas and Ohio Valley for 1898 only.
'July.
1898.
1897.
1890.
1895.
1893.
1894.
a Figures here for 1898 and 1897 are simply the totals of the earnings for the
four weeks of the month as reported in the weekly returns; the month's
earnings usually exceed the weekly estimates quite considerably.
1
1
1
1
$
•
* July, 1898, not reported; taken same as last year.
803.326
• urLCed.R.A No.
3 .0 170
316.184
292,857
275,071
221,802
Cnlo.Gt. West ...
38 '.199
334.08?
382,506
310,423
333,457
fiJSJfla
GROSS EARNING S A N D M ILE A G E IN JULY.
2 2 ',1 5 6
Cnlo. Mil. A 9t.P.. 2,535,191 2.713,302 2,546,227 2.289,241 1,779,226 2,593.355
Duluth 8.8.4 At!.
173.925
169.411
236,702
194,890
104,547
Mileage.
186,408
Gross Earnings.
Great Northern.. 1 ,7 8 9,0 1 1 1,778,820 1,700,711 1,421,417 1,301,567 1,809,822
Name o f R oad,
Increase or
I >wa Central---1 + .3 7 8
137,418
131,420
121,08*
123,495
120.748
1897.
1898.
Decrease. 1898. 1897.
Mlnn.A 8t. Louis.
149.329
140,025
179,48'!
187.038
152.460
112,332
St. Paul A Dulutb
151,841
125,083
120,183
132,180
123,012
139,880
$
$
310
-f-1,7721 310
13L911
133,683
Total.............. 5.597.081 6.8JO, 38 3 5.5^3.541 4.919,951 4.129,901 5,155.222 Alabama Gt.Soutk’n .
Ala.N.O.Tex.&Pac.—
195
195
+11,322
98,163
109,485
N. Orl. & No. E ast..
142
142
+4,740
39,136
The Southwestern roads, with few exceptions, make
43,876
Ala. & Vicksb........
189 ' 189
+5,605
44,790
39,185
Vicksb Shr.&Pac.292
292
+6,382
good comparisons, not only with last year but with Ann A rbor.................
97,484,
103,866
231
231
—340
24,55*1
24,218
Atlanta Knoxv.&No.
the previous years.
278
278
—1,277
43,77
9
42,502
Atlantic & DanviHe.
921
921
-2 6 ,2 0 9
535,768
509,559
Balt. & Ohio Southw.
22
22
+ 32
1,560
1.5S2
Birin’ham & Atlantic
EA R N IN Q S O F S O U T H W E S T E R N G R O U P .
340
339
+ 5,634j
326.556
332,190
Buff. R ocb. & P ittsb..
1,136
1,136
—12,844|
316,170
303,326
Burl. Ced. R. &. N o...
July. .
1893.
—83,002,! 6,568 6,476
1898.
1897. 1 1890.
1895.
1894.
Canadian Pacific....... 2,024,000 2,107.002
55
55
+ 3,512:
5,788
9,300
Carolina Midland ...
$
1
1
!
*
+79,840 1,524 1,524
«
359,149
433,989
Central of G eorgia..
105
478,891 Cbattan. S outhern...
087,000
105
Den. A RioGr.
678,100
022.437
043,599
438,801
—905|
6,808
5,903
o.v7f7nr.i
200,411 Chesaneaue <fe O h io..
—2 ,5 5 ? 1 360 1
InLAGt. No..
+210,141
+219,887
+230,235 205,556
203,61*
955.143
+42,414 ~648 ~ 648
273,876
316,290
353,333 Ohio. & East Illinois.
K.C.F.3.AM..
a2P5,?49 a322,L72
866,380
334,203
342,9 ;8
930
930
+ 692
382.506
383,198
753,594 Ohio. Great Western.
Mo. K. A Tex
746,891
752,806
807,918
807,009
750,27i
537
537
—6.350
292,509
286,159
Mo.P.AIr.Mt. 2,084,000 2,019,9701 1,801,355 1,744,455 1,497.811 1.800.614 Chic. Ind. & L ouisv..
Ohic. Mil. «k St. Paul. 2,535,191 2,713,392 —178,201 6,153 6,153
08 950 Ohic. Peo. & St. L ....
232
55/53
232
8t. Jos.AG.I..
78,150
84,87^1
53,471
43,2e5
.
—2,846
53,719
50,873
76
76
581,548 Chic. Term. Tr. R R ..
+ 11,808
St. L. A 8. Fr.
410,443
523,251
473,348
84,968
611.091
439.069
96,776
581
581
+
17,009
124,978
3'.’0,0I6
141,987
flt.L. Bouthw.
275.79!Ohic. <feWest M ich...
367,510
333,916
340,513 321,298
42
42
—89
5,577
5,438
471,390 Oin. Georg. & P orts..
Texas A Pac.
402,130
446,559
471,84?
412,174
400,538i
336
336
+ 87,332
312,602
399,934
271,601 Cin. N.O. & Tex. Pac.
U.PaC.D. A G.
164,104
372,827
236,075
262,711
284,047|
210
210
+ 17,428
42,330
59,758
Clev. Canton & S o ...
1,838
1,838
+
44,066
1,699,659
Tct»l..........
5,748,890 6,718.41b' 5,422,784 5,180,826 4,632,605 5,36 \414 Olev. Cin.Ch.&St. L .. 1,143,725
352
352
—7,732
130,174
122,442|
Peoria & Eastern ..
192
192
+29,777
87.571
117,318
Olev. Lorain AWheel.
+ Gal rest on Houston A Henderson not Included for these years,
350
350
—2,554
143.507
a Figures here for 18'** and 1897 are Mm pi/ the totals o f the earnings for the Colorado Midland ...
140,953,
346
346
four weeks of the month as reported in the weekly returns; the month’s earn­ Col. Hock. Yal. & Tol
+ 46,530
155,936
202,516!
ings usually exceed the weekly estimates quite considerably.

THE CHRONICLE.

300

Mileaut

O rott Earning*.
Name o f Road.

Col. San’k r. 6c. HookColusa A L a k e .........
Denw * R io G ran d e..
D. M oines No
West
Det- Gr.R&V>. A West.
Dot. & Lluiw N orlli..
D al. Bo. Shore & At!.
Elgin Joliet A E ast.
Evansv. +v Imltanap
Evausv. & T. Haute.
Flint 6c Pore Mnrq..
Fin. Cent. A Peuln..
Ft. Wortn A- D City.
Ft. Worth A Rio Gr.
Gad8dt*u A: Atl. Un..
Georgia .....................
Georgia A Alabama.
G»„ South. & Florida
Gr.Rapids & Indiana
O ln.R l0h .A F t . W.
T raverse O itv.. ..
Musk. Gr.R.A Ind.
Gr. Trunk o f Can... )
Chic. A Gr. T r’k .. ;■
Det. Gr.Hav. A M . >
Gt. No.—S.P . M. A M
Eastern o f M inn..
M ontana Central.
Gulf Beaum’ t A K. C.
G u lf 6c C hicago..........
Internat’l A Gt. No
Interoceanio iM ex.L '
Iow a Central..............
I r o n ............. ...............
Kanawha A M io h ___
Kan.C. Ft. S. A Mem
Kan. C. Mem. «fc B ir ..
Kan. City A N . W.......
Kan. City A Omaha..
Kan.U Flttsb. A Gulf.
Kan. City Sub. Belt
Keokuk & W estern...
LifkeErle A Western.
Lehigh 6c Hud. River.
Long Island H R ........
Los A ngelesT ertnT..
Louisv. Evans. ASt.L.
Louisv.Heud. A S t.L ..
Louisv. ct N aslivilie-.
M acon ABirm ing’m ..
M anistiaue.................
M exican C entral.......
M exican N ational..
M exican R ailw ay*...
M exican Southern*..
Minn. & St. L o u is ....
Minn. St.P.&S.Ste.M,
Mo. K an s.A T ex.sya..
Mo. Pac. <fc Iron M t..
Central B ranch—
M obile A Birrn’gham*
ftioD lleA O bio............
M ont. A M ex. Gulf ...
Nash. Chat. 6c St, L ..
N .Y .C en.A H ud.R iv..
N. Y . Ont. & W e s t....
N orfolk A W e ste r n ...
Northern P a citic.. . . .
Ohio R iver..................
Ohio R iver & C h a r...
Ohio Southern...........
Oregon R R . & N a v ...
Peo. Dec. <5c E v a n s v ..
Plttsb. Bess. & L. E ..
Pittsb. Lisb. A West.
Plttsb. A Western —
Pittsb. Clev. A Tol.
Pittsb. Pa. & F a ir ..
E lo Grande Soutk’ n.
R io Grande W estern.
Bt. Jos. & Gr. Island..
8t. L. Ohio. A St. P.
Bt. L. K ennett 6c So.St* Louis 6c S. F ran..
Bt. Louis Soutliwes’n
Bt. Paul & D u lu th___
Ban Fran. A No. Pac..
Bher. Sbrev.A S outh..
B ilverton.....................
Southern R ailw ay__
T exas C en tra ,'..........
T exas «fc Pacitic..........
Tex. Sab. Val. 6c N’w.
Tol. 6c Ohio Central.
ToL Peoria 6c West’ u.
Tol. St. L. A K. Cltv
U n.Pac. Den. 6c Gulf.
W abash..... .................
West. N. Y. 6c Penn.
Wheel. 6c Lake E rie..
W isconsin C entral...

Increase ot
Decrease. 1898.

1897.

1898

1897.

8
74.263
1.300
687,000
35.067
101.425
3 1 .' 01
173.925
98,814
27,379!
96,466
217,391
274,582
87.864
23,557
624
l r 0.147
8 9 ,2 8 ’
8^,591
195.852
36,762
3,813
11,480

$
+35,943
2713?,32 f
22
—85? |
2.15 ?
+ 8,90 - 1.66
678,100
15
—418!
35.4 85
451
92,671 . + l l , 7 5 . [
102
+7.1901
24,511
+
4
514
58?
169.411
19'
90,< 37
+ 8,777
—75
15t
28.131
—13 ,031
16*»
109,500
+2,023
65c
2L5.367
94(
161,979 + I t 9.603
—9,765*
469
H7,6:-3
146
21.002
+ 2 ,5 55
—9;
11
723
307
101,47
+18,05i
78.05
+11,231
458
+12.909
285
76,622
432
+ 16,588
178,764
9S
+ 3,57 .
33,181’
+ 485
26
3,328
+415
37
11,065

273
22
1,668
150
451
102
535
147
15
655
910
409
148
11
307
453
285
432
92
26
37

1,860,884

1,992,62?

—131,743

4,03t

4,036

1,410,375
213,346
165,290
17,944
2.819
216,141
164,800
137.418
3,064
44,06?
295,349
84,501
21,754
14,825
243,756
42,491
39,136
203,327
31,797
528,47(1
10,416
119,085
43,654
1,813,850
4,280
12,348
1,0(0,S67
486,940
231.160
39,720
149,329
291,283
752,806
1,985.000
99,000
14,304
339.700
103,700
549,531
3,298,217
358,371
830.925
1,837,530
76.772
12.923
45.22C
524,761
69,766
146.201
3,378
140,445
87,740
32.404
39,887
269,400
78,159
27,^98
6.677
523,251
307,51 0
125,683
85,491
18,814
1,400
1,939.411
13,182
471,847
1,198
141,289
71,219
181,702
272,827
1,079.209
257,200
113.161
406,79c

1,447,002
165,589
166,229
12.802
2.851
219,28“
146,280
134,420
2,237
49,645
322,172
69,605
25,77 r
16.665
204,276
31,857
44,623
270,540
36.632
525,925
11,419
124,S24
43,034
1,795,457
4,556
15,879
936,006
442,945
208,500
4 0,555
179,486
324,812
807,918
1,919,165
91,805
15,619
299,143
112,900
480.277
3,032.250
407.98b
857,688
1,840,36)
81,501
12.665
48,381
431,137
72,747
60,963
2.64?
150,814
82,801
37,978
29,779
302,100
84,379
22,659
6.126
511,091
233,916
126,183
87,684
17,115
6,054
1,607,674
13 018
466,53?
2,H6(
99,604
09,80?
182,937
284,047
970.637
278,221
71,451
429,405

—36,627
+.17,7n*i
—939
+5,142
—32
—3,1^6
+ 18,52<
+ 2,998
+827
—5,574
—26,92c
+14,890
—4,021
—1,841
+39,480
+ 10,634
—5.487
—7,213
—4,835
+2,54£
—1,003
—5,739
+620
+ 1 8 .39c
—27f
—3,531
+64,361
+ 43,995
+22.600
—835
—30,157
—33,529
— '■5,112
+ 65,835
+ 7,1 9 5
—1,315
+ 10,557
—4,200
+ 69,254
—334,033
—49,615
— 26,773
+ 47,175
—4,729
+ 258
—3,16i
+93,624
—2,981
+85,238
+ 730
—10,369
+4,936
—5,574
+ 10,108
—32,70(
—6,220
+5,339
+551
+12,160
+33,594
—FOG
—2,193
+ 1,699
+ 4.654
+331,740
+ 164
+5.S0D
+ 1,238
+ 44.6H?
+ l ,4 l (
—1,235
— 11,220
+108,572
—21,029
+ 41.715
—20,6 U

3,78(
71
25.
6c
6i
77.’
53
50!
2C
171
975
270
174
194
816
35
148
725
90
375
50
37*
166
2,985
97
44
1,956
1,219
321
227
370
1,189
2,197
4,938
388
149
879
390
905
2,395
481
1,570
4,455
224
202
266
1,065
331
22?
25
227
77
61
180
55<
251
111
20
1,201
1,225
244
165
155
22
5,256
170
1,499
38
371
248
451
974
1.936
651
247
937

3,780
72
. 256
65
62
775
531
508
20
172
-975
276
174
194
770
35
US
725
90
375
50
372
166
2,975
97
44
1,956
1,219
321
227
370
1,189
2.197
4,938
388
149
687
380
905
2,395
481
1,570
4,367
224
2 1!
2 66
1,065
331
183
25
227
77
61
180
550
251
111
20
1,162
1,223
248
165
153
22
5,256
176
1,499
38
371
248
451
974
1,936
651
247
937

T ota l (132 roads). . 41,432.715 40,709,245

+723.407 95 .586195.061

* F or tflree weeks only.
! Earnings o f G alvestJn H ouston A H enderson are exclu d ed t o r
both 189ft anil 1897.
GROSS EARNINGS FROM JA N U A R Y 1 TO JU L Y 31.
Nam e o f Road,
Alabam a Gt. Southern..
Ala. N. Q. A; T ex. P ac.—
N .O . & North oast’n ...
Alabama 6c V lcksb’ g ..
V icksburg Shr. 6c P ac.
A tl. K oox v . & North’n.
A tlantic 6c D a n v ille ___
Balt. 6c O. S ou th w est...
Bircningnam 6c. Atlantic
Buir. Koch. & Pittsburg.

1898.

1897,

Inert, a te.

&
970.15“

$
878,410

$
91,741

800,216
379,488
375,465
834,246
176,188
320.163
3,896,807
14,346
2,138,439

715.705
315,752
290,310
726.494
149,771
303,779
3,503,742
11,979
1,878,798

84.511
62,736
85,155
107,752
26,417
16,384
393,065
2,367
26976 41

Decrease
*
............

i f a me of Road.

[V o l . L X V IJ,
1898.

1897.

*
#
Burl. Ced. Ran. A N o...
2.231 So!
2.163,002
Canadian I'aolllo............ i 13,620,016 11.310.696
Oaroiinn Midland. .
33,549
30,233
Central o f Georgia
1 2,903,042; 2,739.6*4
Chattanooga Southern.
4",101
43,42?
6,6 31,5 91| 6.307.3 M
Chesapeake A O hio___
2.314.672
Ohio. A East'll Illinois.
2.193,770
Ohio. Great Western ..
2.'*77.76.
2 ,6 6 9 .4 1►
1,822.221
Ohio. tad. & Lots i *v___
1.69 ’ ,791
Ohio. Mihv. A St. l’ aul.
18,29 4.5731 16,461,876
4 66.918
Ohio. Peoria & St. Loui
458,716
Ohio, rortu’l T ru n fer..
659.6-8
60+991
1.001.378
Ohio. A W est Michigan
878,4832,414
33.427
Ola. Goorg. a Portsm 'tb
2,588,4U i 2,03 l.M? 9
Oln. N.O. A Texas Pae.
395,972
Cleveland Canton A So.
353.632
7,999,117
7,527.348
Olev. OId. Ohio. A St. L ..
927.901
Peoria A E astern____
1,036,45 4
839,240
694,224
Oleve. Lorain A W heel..
Colorado M idland.......
903,990
927,0 C
1 ,4 2 7 /6 5
1,271,101
Col. Hock. Val, A Pol..
452,235
Ool. Sau'ky A H o ck in g ..
403.404
9.85C
Colnsa A Lake..............
10.955
Denv. A Rio G ran de...
4,554.457
3,853.7? 5
294,686
228 4 '2
Des M oiuesN o.A West814,521
Det. Or. Rap. A W est...
693,476
239.202
124,75b
Dot. A Lima Northern..
1,023,791
862,002
Dill. So. Shore A A tl.. .
850,986
Elgin Joliet A Eastern
651.669
Evaosv. A Indianapolis
163.949
156,359
670,781
593.7C0
Evahsv. A Terre Haute.
Flint & Pere Marauetta.
1.645.730
1,533,306
1,788,478
1,364,272
Fla.Cent. A Peninsular.
728,884
590,256
Ft. Worth A Denv. City
252.010
161,658
Ft. Worth A Rio Gr'de..
4,26b
5.10b
Gadsden A Atalla U n..
Georgia...........................
853,405
828,637
682,690
574,69?
Georgia A Alabam a___
571,750
4+3,54
1,171,859
1,066,167
251,055
225,661
23,5
21,851
Traverse 01t y ............
62,104
Hup. G r, R. A In d ...
68,791
Grand Trunk...............
13,240,498 12,421,601
Ohio. A Gr. T ru n k ...
Det. Gr, H .A M U w ..
9,269,148
7,575.015
Great Nor. St. P. M.A M
930,222
835.554
Eastern o f Minnesota.
1 ,1 6 4 / 03
Montana C entral........
1,127,58*
98,256
71,413
Gulf Beaumont A K. O
£ 6 ,2 8 ’
23,548
Gulf A C h ica g o............
1,834,426
Int. A Great Northern.
1,765,357
1,811.000
1,490.4 4(
Interoceanio (Mex/J..
1,035,023
385,83t
loiva Central..................
28,806
20.25C
Iron Railw ay.................
312,642
293,272
Kanawha A M ichigan.
2,690,714
2,536,854
Kansas C. Ft. S.AMera..
647,201
843,285
191,66!
Kansas City A N. W___
181,08?
134,859
138,12$
Kansas City A Omaha.
1,799,354
1,088.181
267,371
201.155
306,375
302.575
Keokuk A W estern.
1,910.492
1,906.28£
210,094
200,547
2,366.012
2,2c7,798
Long Island R R ...— .
51,169
49,- 08
778,684
848.538
254,622
282,391
- 12,736,687 11,574,845
32,673
30,423
72,00 l
76,197
M auistique..............
7.739I66C
7,503,759
Mexican C entral...
3,441,969
3,522,038
Mexican N ational..
Mexican Railway L
2,3*4.300
2.088,000
375,282
401,186
Mexlcan Southern*
1,153,274
1,088,836
2.117,670
1,918,039
Mlnu. St. P .A S. Ste. M.
5,737.213
3,755,573
14,261, *14 12,539,312
749,354
570.496
Central Branch.
196.337
166,247
Mobile A B irm m gl
.
2,411,644
2,176,472
Mobile A Ohio.......
783,191
,870,889
.
3,285,25)
3,030,377
N, Y. Cent. A Hud. 1
. 25,470,640 21,973,926
.
2,087,646
2.175,682
N.Y. Ontario A Wes
5,977,799
.
6,284,897
Norfolk A W estern.
9,456,184
. 12,138.100
Northern P aoltlo...
503,845
500,09
Ohio R iver..............
99,326
112,971
Ohio Rlv. A Charles
359,052
360,183
Ohio Southern........
2,407,209
i
3,777,773
497,873
483,028
326,002
648736
l
25,476
25,4 8(
957,751
Pittsburg A W estern. .
1,006,516
606.005
460,437
184,614
194,886
205,321
257,291
.
1,831.158
1,4:6.09-1
587,50)
65),01 6
186.731
164.951
31.118
36,135
3.799.971
3,383,190
St. Louis A San Fran..
2,374,330
2,760,171
778,36<
.
811,567
St. Paul A Duluth.
4 2 2 ,3 1J
454,42;
145,269
141,370
, ! 12,088,957 10,848,5W
Southern Railw ay.
118,038
142,345
Texas C entral'......
.
3 ,9 9 3 ,12t
3.517,o i:
24,97.1
18,15*
Tex. 8a ’
925,285
1,017,475
.1
532,901
490,49
1,222,261
1.207,73?
2,089,451
1,868,248
0,363,36-.
7,461.102
Wabash....................
at541.86c
.
1,656,3
IF
West. N. Y. A Pa. .
803,727
563,862
Wheeling A Lake E
2,727,7 7C 2,354,992
WIsoonsin Central.

Increase,
*
64.937
1,900,323
8,31»
163.338
- T»•
327,210
120,90
301,311
129,43 - !
1,832,697
8,1955,698
125,8 i)
556,577
42,340
471,769
108,553
145, OD
156,558
48,831
700,702
66,234
121,015
114.449
161.789
199.317
7,589
76,821
111,924
42 + 2 06
138,628
90,432
24,76
107,905
8?,201
105,392
25,394
1.729
6,691

3 ,3 1 8

983

23,025
" i',1 0 5

83T

818,894
1,694,133
9-1,6’ 8
36,415
26,843
2,741
69,069
320,560
149,187
8,556
19,363
143.860
196.084
10,572
3,270
711.172
66,2 it
3,800
* 4,20)
9,547
158,214
69,854
27,769
1,161,842
235,901
80,069
236,30b
63.438
199.631
18,360
1,721,802
178,85&
30,090
235,172
87,69,
254,874
496,714
317,093
2,681,910
13,645
2,131
1,370,561

1,662

2,250
4,196

25,901

88,037
''3 ,7 5 0 -

14,345

322,734
4+ 7 87
130,5110,272
ft 1,971
355.364
63,515
21,788
5,017
416,481
385,819
33,207
32,110
3,899
1,238,370
24.305
476.115
6,817
92,190
42,111
221,201
1,100,830
94,447
242,865
372,784

. 292,583,734 263,0£0,29C 30,007,892
29.823,444
* For three weeks only in ,1uJy.
t To July 23.

D een a so

....... 10

14,526

184,448

*

A ugust 13, 18S8.1
THE PEACE

THE CHRONICLE.

PROTOCOL.

The following are the provisions of the peace protocol
agreed upon between the United States and SpaiD. The
protocol was signed yesterday afternoon by hi. Cambon, the
French Ambassador, on behalf of Spain, and by Secretary of
the State Day on behalf of the United States :
(t.) That Spain will relinquish all claim of sovereignty and
title to Cuba.
(2.) That ch>rfco Rico and other Spanish islands in the West
Indies and an island in the h air ones, to be selected by the
United States, shall be ceded to the latter.
(3.) That the United States will occupy and hold the city,
bay and harbor of Manila, pending the conclusion of a treaty
of peace, which shall determine the control, disposition and
government of the Philippines.
(4.) That Cubs, Porto Rico, and other Spanish islands in
the W est Indies shall be immediately evacuated, and that
commissioners, to be appointed within ten days, shall within
thirty days from the beginning of the protocol meet at
Havana and San Jnan, respectively, to arrange and execute
the details of the evacuation.
(5.) That the United States and Spain will each appoint not
more than five commissioners to negotiate and conclude a
treaty of peace. The commissioners are to meet at Paris not
later than the first of October.
(6.) On the signing of the protocol, hostilities will be sus­
pended, and notice to that effect will be given a3 soon as pos
sible by each Government to the commanders of its military
and naval forces.

301

regatta weak. His Royal Highness is, however, unable to
stand, but the official bulletins say that the pain in the knee
has now ceased and he will be able to lie in an invalid chair,
and take part, to a certain extent, in the festivities on board
his yacht-.
The stock markets this week, with the exception of the
temporary spurt in American railroad securities, to which I
have already referred, were dull. The greater part of the
week has been occupied by the fortnightly settlement, and
in addition we are now in the middle ot the holiday season.
The silver market is slightly easier, the price of bars clos­
ing at aii^d. There has been some demand from Bombay,
but taking the week as a whole the market has been a very
quiet one.
The Bank of Bengal and the Bank of Bombay on Thurs­
day reduced their official rate of dividend to 4 per cent,
which compares with 5 and 6 per cent respectively for the
corresponding date last year.
The continuous fall in the price of wheat, whiih has been
one of the features throughout Julv. is at last telling upon
the sales of India Council drafts. For the 25 lacs of rupees
offered for tender on Wednesday the total applications
amounted to 69 lacs, as against 230 last week and 120 at this
date last year. The prices obtained, however, were dis­
tinctly more satisfactory. The lowest tender accepted was
Is. 3Jgd. per rupee, as against an average price o f very
little over Is. 3d. twelve months ago. The total sales for the
year now exceed £6,400,00 >,
The following return snows the position of the Bank o f
England, the Bank rate of discount, the price of consols.
fcc., compared with the last three years:
1898
July 27.

p I o u c ta v ijfC o m iix c r c iiit g n o U s I t iX c iH s

[From our own correspondent.)
L ondon , Saturday, July 30, 1898.
Tho official announcement that the Spanish Government
has at last decided through the Frencn Ambassador to make
overtures of peace to the Government of the United States
has been received, not only in England, but all over Europe,
with the most marked satisfaction. From the beginning of
the war it was, of course, seen by every one capable of
forming an opinion that a country so rich and populous, and
having the immense resources at its command that tie
United States has, must inevitably beat a poor and backwaid
country like Spain. But very few even amongst those who had
some pretensi n to be considered as well informed had any
idea of the utterly hopeless condition of the naval and mili­
tary forces of Spain. From the moment the American and
Spanish fleets met, even the most ardent well wishers of Spain
saw at once that any attempt to prolong hostilities was hope­
less, and that the longer they were continued the more disas­
trous would the results be to Spain herself. A fortnight ago
when the fall of Santiago was telegraphed to Europe, every
one assumed that Spain would realize the hopelessness of the
struggle, and that the sooner she made peace the more likely
she was to obtain favorable conditions. Upon the Stock
Exchange there was a rapid rise in American railroad securi­
ties and some of the more sanguine imagined that we were
about to witness an American railway boom. But there is
not likely to be any great movement on this side in American
railroad securities until it becomes clear that the Spanish
Government earnestly desires peace and will accept the
American conditions.
The withdrawal of over £500,000 in gold, chiefly upon Con­
tinental account, from the Bank of England, and the sudden
fall in the American Exchange, caused for a day or so quite a
little scare in Lombard Street, and fears began to be enter­
tained that large gold exports to the States were imminent;
but a slight recovery in the Exchange has allayed the anxiety
for the moment. Still bankers are not eager competitors for
bills. The Bank return issued Thursday shows a decline in
the reserve of more than a million sterling, bringing that down
to very nearly 24 millions. But of the decrease in the re­
serve only fibout one half has really left the country, the
balance having gone into the provinces in satisfaction of harvestand holiday requirements, common at the end of July.
Opinion is very much divided as to whether there will be
large gold shipments from London to your side, it being
argued on the one band that our large purchases of food
stuffs and raw materials for manufactures at the very high
prices at which they recently ruled will necessitate very large
gold shipments to New York in order to meet the balance.
On the other hand it is contended that 'the purchases of the
better classes of bonds and shares of American railways upon
United States account added to the interest and dividend
payable from your side on European capital invested in the
United States will very nearly offset one another, and that if
the war is ended and there are, as it is expected there will
be, considerable purchases from your side of ships and war­
like material here in Europe, that the gold shipments would
in that case be quite trifling.
The Prince of Wales, who recently met with an accident
when visiting Baron Rothschild in Buckingham, has now so
far recovered that he will be able to go to Cowes for the

1897.
1896.
1895.
July 29.
July 23.
July 31,
£
£
£
27,965,905 27,422,475 26,331,600'
7,744,846
7,105,675
6,627,00
42,,4« 138 ’55,453,642 41,623,55®
13,736,857 14.930,281 14,890,370
23,673,033 28,43P,737 23,677,694
25,452,557 37,257,607 23,102,348
38.613,463 47,830,142 3 ,134,00850%
5m
2
2
2
112 15-16
113 5-16
107%.
26%d.
30J4d.
31%d.
118.344,000 124,709,000 173,737,000'

£
Circulation................................
Public deposits.........................
Other deposits..........................
Government securities.............
Other securities ......................
Reserve of notes and coin.......
Coin & bullion, both departm’ts
Prop, reserve to liabilities.p.ct.
Bank rate— ............. per cent.
Consols, 2% per cent................
Silver........................................
Clearing House returns..........

27,91(5.435
0,95(5,178
40,242,45)
13,791,030
33,356,333
24,160.564
85,2=3,046
45%
24

111
27W*.
123,732,000

The rates for money have been as follows :
Interest alloioed
for deposit* bv
London.
Trade Bills. Joint Dis’ Wse
Bank
B.Us.
£
Stock
3 Months. 4 Months. 6 Months. 3 Mas. 4 Mas. Banks Gall Days
1
1
14
15-lfi@l
1M@1^
m tm
July i
i%
1
H
4
2
“
P
14
14
m
1
H
1u
14
IV4
2 @2)4
14
“ If- 34 t^@ l 3-16
1
4
4
14
“ 22
2%
14
us
1
H
i H 194@3
4
9-10
•• 29 244
24
Open Market Rates.

The Bank rate of discount and open market rates at the
chief Continental cities have been as follows:
Rates of
Interest at
Paris...............
Berlin............
Hamburg . . . .
Frankfort ...
Amsterdam...
Brussels........
Vienna ...
St, Petersburg.
Madrid............
Copenhagen

July 22.

July 29.
Bank
Rate.

Oven
Marke

2

Bank
Rate
2

m
34
m
34
2H
24
3%

4
4
4
3

3

4
54
5
4

4
4
4

m
34
34
34

3

3

4
64
5
4

5
3W

24
34
4H
5
34

July 8.

July 15.

Open Bank Open
Market Rate. Marke
2

4
4
4
3
3

4
54
5
4

m
3H
34
34
24
2%
34
44
5
34

Bank Open
Rate. Market
2

4
4
4
8
8
4
64
5
4k»

m
3%
3%
24
SM
3%
5
. 5
44

The quotations for bullion are reported as follow s:
G o ld .
ondon Standard.
Jar gold, fin e___oz.
3ar gold, parting.oz.
J .S . gold ooin. ..oz.
3er urn gold ooin.oz.
/ran ch gold ooin.oz.
lapanese y e n ....o z .

July
28.
$.
77
77
76
76
76
76

July
21.

d. s.
11 77
11 *2 77
6 78
5 76
5 76
5 4 76

Sil v e r .
London Standard.

d.
10 Lt Bar silver, fin e.. .oz.
lO.^ Bar silver, contain’#
do 5 grs. gold.oz.
514
do 4 grs. gold.oz.
5
d o 3 grs. g old.oz.
5
5 4 Cake silver .. ..„.o z .
1 M exican dollars.oz.

July
28.

July
21.

d.
27 *8

a.
270,8

27 1,8
277 1g
271-1
2914
26*4

28%
2 7 78
27U j«
2911^9
26716

July 28 :
Gold.—The demand fo r Gold continues to be very keen, and besides
the amounts on offer In the open market £ 5 X7,000 lias been with­
drawn from the Bank o f England for the Continent. _Shipments.
Bombay, £20,000. Japan, £57,000. Total, £77,000 Arrivals; R iver
Plate £5,000; Australia, £174,000; Capetown, £22o,000; W est indies,
£ 10.000; Chili. £3 ,000 . Total. £152.000.
, , ,
„
Silver.—A renewal o f Spanish orders, follow ed, by heavy oojrer ng
purchases of spot silver, raised tho prion to 2 7 V h iih e market then
fell to 27Jed.. at which it closes steady on Indian buyin g. Indian p
Rs. 7 0 4 per 100 Tolalis Shipments to Bombay, £ 1 5 j 00. A rrivals,
New York, £91,000; W , at Indies, £3,000; Chill, £22,000. Total,
M exican D ollars.—Business in these ooin has been done at m ore than
one price, and the last quotation is 2 6 4 d.

fue following shows the imports of cereal produce into
the United Kingdom during the first forty-seven weeks ol
the season compared with previous seasons :

THE CHRONICLE.

302

[VOL. LXVII,

im po r ts .

1397-8.
1896-7.
1895-6.
HmporU o f wlieiUfcw t. 59.056,310 60,566,350 62,472.010
-Barley.................
19,147,501 20,069.500 20,413,012
O ats................................ 13,585.900 16,339.680 12,709,980
P eas................................ 2.162,755 3.025.435
2.323,450
2,937,* 12
B onn *............................ 2,240.270 2.497.180
.Indian c o r n ................. 4 *.570.600 53.134.260 31.085.370
F lour..............................18,476,170 18,363,120 18,042,200
S u p p lie s a v a i l a b l e f o r o o n s u m p t i o n ( e x c l u s i v e o f
^ S e p t e m b e r 1):
1897*8.
1896-7,
1895-6
W heat Im ported, o w t.59.056,310 60,383,850 62,172,010
iX m p orteof flour........ I S,476.170 18,363.120 13,042.200
Irakis o f h o m eg row n . 12,923,073 23,000,010 14,065,831

1894-5
68,977.513
23,403.374
13,776,597
2,112,289
3,937,162
23.197,304
17,756,020
s t o c k s on
1894-5
68,977,510
17.756.020
10,641,812

T ota l___________ 90,455,553 101,929,470 91,530,041 105,278,318
1397-8.
1896-7.
1895-6
1894-5.
249. 4,!.
Skver. prioewheat,w'Ak.33d. Id .
29s. Id.
24a. Od,
21-j.
Id .
A rerage price, s e a s in ..3 6 ., 5d.
28a. 81,
258. 01.
T h e f o l l o w i n g s h o w s t h e q u a n t it ie s o f w h e a t . f l o u r a n d
j n a i z e a fl o a t t o t h e U n i t e d K i n g d o m :
This week.
1896.
1897.
Last week.
1,478,000
645.000
Wheat...... ........qrs | 2,230,000
2,510,000
flou r, equal to qrs
242,060
195.000
610.000
620,000
610,000
iM a U e ............ qrs.
805,000
E i ; l t a f i Puft.it t i d a l ,?1 i r t e t i - P a r Cable.
T h e d a ily c lo s in g q n o ta tio n s f o r s a c u r it ie s , e t c ., a t L o n d o n
- i r e r e p o r t e d b y c a b le a s f o l l o w s f o r t h e w e e k e n d in g A u g , 13 :
L ondon

Sat.

Mon.

T ubs,

© liv e r , per out! ___ a.
C on sols., new, 2 \ p.cts.
F or a o c o u n t...............
i?r’ oh rentes On Paris) fr.
A toll. Top. & Santa Fe.
Do
do
prof.
Oanadian Paoifte..........
Chesapeake & Ohio.......
« h i c „ Mil. & St. P a u l...
D e n y . <fc R io Gr., p r o f..
Jlirie, c o m m o n ................
le t p re fe rr e d ..............
D ilnoia C entral..............

27%
1 1 0 ’,6
lio s *
03 52%
14
36
86%
23%
105 *4
52%
14
36%
in
20 Ug
56*4
66%
11%
1>2%
15%

27*16
110 %
HOG, e
103-45
14%
36%
86
23%
107
52%
14%
37%
112
2013s
57%
66%
U?B
123%
16
57%
31%
76hfc
60%
9%
22
10 %
9%
34
2014
81%
20%

27%
1109.6
11011,6
103-45
14
36%
So^s
24%
106%
52
1419
37%
11244
201is
56%
66 ^
n%
123 *4
16%
56%
32
76%
61
93s
22
10 %
9
33%
26
65%
20%

X on lsv llle & N ashville.
M exican Central, 4s ..
•Mo Kan. & T ex,, com ..
r s . Y . Cent’l & Hudson.
S. Y . Ontario * West’n
: Norfolk & W est'n, pref.
-Northern Pacific, c o m ..
P referre d .....................
“P enn sylvania.................
".phlla. <fe Read., per eh..
Phil. <fe Read., 1st pref.
-PhiL & Read., 2d p re f.
Ronth’ n R ailw ay, c o m .
P referred.....................
U n io n P aoific------ . . . . .
Do
new p re f..
"Wabash-, preferred . . .

32%
75%
60%
9%
213a
10 %
9
33%
26%
65
20%

TAttrs.

Wed.

F r..

275l8 2 7 -,0
27*,e
11011 IP l i o n , , 110l>,8
110%
U 0%
110%
103-50 03-52 % 03 --2%
14 %
14*13
14%
37%
37
36%
85%
88
36%
25
25%
25%
103%
10 % 108%
52
53%
53%
14%
14%
14%
37*3
37%
38%
1.12
1121-4 1 1 2 %
201*3 2011s
57%
58^4
57%
66%
66%
67
12
12%
1214
123%
123*4 133%
16%
16%
16%
56%
57%
57%
32
33
31
76%
75%
76^
61
61%
6114
9%
9%
22
22
22
11
11
11
9
9
9
33%
34%
34%
257*
26%
26%
66%
60
653a
20%
21
20%

#xr m sueuctal a a ti i\X tsccllaae o a s g t e urs
I m p o r t s a n d E x p o r t s f o r t h e W e e k .— T h e f o l l o w i a g a r e
t&he im p o r t s a t N e w Y o r k f o r t h e w e e k e n d in g f o r d r y s o o d g
- A u g . 4 a n d f o r th e w e e k e n d in g f o r g e n e r a l m e r c h a n d is e
- A u g . 5 a ls o to t a ls s u a e t h e b e g in n in g o f t h e fir s t w e e k
i n Jan u ary.
FOREIGN IMPORTS AT NEW TORS.
F or week.
!D ry g o o d s.......
'SEen’I m er’ dlse
T o t a l .........
Since Jan. 1.
25ry g oo d s.......
xaon’i m er’dise

1898.

1897.

$1,945,100
6,241,276

1895

1896.

$1,253,957
4.679,409

$2,201,044
4,206,454

$3,078,992
7,234,466

5,933,386

$6,410,498

$10,313,45S

*57,064,101' $90,789,515
205,391,170, 236,786.765

$70,795,203
203,991.096

$88,993,156
22 L,237,254

|
*8,186,376!

'T o ta l 31 weeks *262,455,274' $327,576,280 $279,780,293 $310,235,410
T n e f o l l o w i n g is a s ta t e m e n t o f t h e e x p o r t s ( e x c lu s iv e o f
s p e c i e ) f r o m th e p o r t o f N e w Y o r k t o f o r e i g n p o r t s f o r th e
W e e k e n d in g A n g . 8 a n d f r o m J a n u a r y 1 t o d a t e :
EXPORTS PROM NEW YORK FOR THE WEEK,

.$?or the week..
.P*rev. reported

1898.

1897.

1896.

1895.

$7,635,530
207,651,001

$7,438,614
236,001,936

*5.998,396
221,351,411

*6.111,812
195,540,519

3£?ot&] 31 weekBi$295t286,591 $243,493,580 $227,349,310 $201,652,431
‘T h e f o l l o w i n g t a b le s h o w s t h e e x p o r t s a n d i m p o r t s o f
s p e c i e a t th e p o r t o f N e w Y o r k f o r t h e w e e k e n d in g A u g . 6
a ad s in c e J a n a a r y 1, 1898, a n d f o r t h e c o r r e s p o n d in g p e r io d s
l a 1897 a n d 1896.
EXPORTS AND IMPORTS OF

SPECIE

Exports.
Gold.
«£reat B ritain..........

Week.

AT N EW Y O R K .

Im ports.

Since J a n .1.
$200
8,000

Week.

Since Jan. l .

S o u t h A m erica.......
A Y oth er oonn tries.

100,857
20,292

$43,665 $33,064,419
12,746,764
267,658 20,000,947
1,000
2,555,894
401
6 L,250
303,751
5,088
538,661
7,167

T ota l 1898........
T ota l 1897.........
Total 1896.........

$4,662,097
20,628,907
50,916,842

$329,979 $69,331,686
297.352
2,392,478
82,960 18,997,216

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

^Germany.................

4,532,748

757,900
20,050

Export*,
Silver.

Week.

3 re at B ritain...........
Prance......................

Im ports.

SinctJan.X.

Week.

3fii.ee Jan. 1.

SYeat I n d ie s ...........
M ex ico.....................
South A m erica.......
U1 other countries

$900,(U2 $25,400,676
38,850
670.350
2,610
310,599
• 14.159
180,518
1,750
■1,905

$3,615
53,020
2.848

$12,092
23.932
3.260
252,200
669.020
435.960
40,722

Total 1898........
Total 1897.........
Total 1890.........

$941,512 $26,583,^17
984,770 28,378,679
1,155,367 31,250,665

$60,083
60,218
107,277

$ 1 ,4 ’-7.192
1,096,633
1,656.730

F o r e i g n T r a d e o f N e w Y o r k — M o n t h l y S t a t e m e n t ,— I n
a d d itio n t o th e o t h e r t a b le s g iv e n in th is d ep a rtm e n t., m a d e
np f r o j i w e e k ly r e t u r n s , w e g iv e th e f o l l o w i n g fig u r e s f o r
th e f u l l m o n th s , a ls o is s u e d b y o u r N e w Y o r k C u s t o m H o u s e .
T h e firs t s ta t e m e n t c o v e r s th e to t a l im p o r t s a n l e x p o r t s o f
m e r c h a n d is e a n d th e C u s t o m s r e c e ip t s f o r th e s e v e n m o n t h s
o f th e la s t t w o s e a so n s .

Merchandise Movement a t New York. Customs R eceipts
Month

Imports.
1897,

1893.
Tami ary ..
February..
ttarcli......
April.,. ...
May.........
June.........
July.........

1
! 84.6 33.613
1 36,015,770
41,330,250
37,175,3 15
33,405,50".
81,824,941
82.914.521

at

Exports.
1898.

t
31,415,110
33,974,044
46,878,360
50,939,218
48,951,475
49,074,512
33,460,976

New Y ork .

1893.

1897.

1897.

f
*
t
36,918,858 33,467,691 10,484.000 7.705,400
3 if057,8491 30,318,791 10,602,73 i 8,359,760
40,1459.039 $4,532,480 10,578,090 17,579,035
39,233,131 31,412,30- 0,181,201; 17,711,363
45,3'8,358 34.950.30
8.232.700 9,092,270
47,215.880 33,792.9^8 9,384,8 i 8 14,728,789
31,662,^oi; S1,L42.800 9.960,201 12,299,574

Total... 247,203,955 ail. BBS,'•3L270.810.70 L'2 29.027,0’,4 08.360.8-I- 87, *70,809
T h e im p o r t s a n d e x p o r t s o f g o ld a n d s ilv e r f o r th e s e v e n
m on th s h a v e b o e n as f o l l o w s :
G ut,it M o v e m e n t a t N e w TOUR.
Mo n th .

1897.

1898.

Sil v e r - n e w r o a n .

E xp orts.

Im ports.

Jan uary. .. .
F ebru ary..
M a rch . . . . . .
April. .........
May..............
Tune............
July.------- -

t
3,102.080
939,92 h
20,808,092
26,829,258
9,101,8 0
99,391
1,754,927

f
261.329
280,162
600,351
299,034
307,050
339,^20
230,91*-

T >tal . ..

70,^10.148

2,331,270

J
2,602,183
922,091
492.809
7v8i356
20,87)
130.405
68,103

Im ports.

1897.

1898.

1898

E x p o rts.
1898.

*
302,281
323.131
507,587
0,567,002
9,453,197
7.313,203
4,551,13.

*
1,253,4S5
1,197,105
1,202,544
1,095,285
233,157
768,148
901,549

S
3.885,683
2,947,374
2,959,332
3,77 ,279
3,520,330
S,939,S3S
4.079,705

2, L06,455 29.018. >90

fi.708.6o 3

24,93^,607

N e w Y o r k C it y C l e a r i n g H o u s e B a n k s .— S t a te m e n t o f c o n
lit io n f o r th e w e e k e n d in g A u g u s t 6, b a s e d o n a v e r a g e s o f
d a ily r e s u lts . We omit two ciphers (0 0 ) in all cases.
BANKS.

Capital|S arpys Loans.

Bank of New York.. $2,000, 0
Manhattan Co.......... 2,050,
Merchants’ .............. 2,000,
2,000,
Mechanics*.......- —
America ........ -....... 1.500,
Phenix..................... 1,000,
1,000,
Dlty ................. .......
750,
Tradesmen's............
300,
Ohemicai................
600.
Merchants* Exoh’ge
3-allat-in. ................ 1,000,
300,
Batchers’ *fe Drov’rs’
Jieohanlcs’ cfc Trad's*
400,
200,
areonwiuh..............
600,
Leather MannfacTs
300,
Seventh.......... -........
State of Now Yont.. 1,200,
.1merman Exchange 5.000,
5.000,
Commerce......... .
Broadway.............. 1.000,
Mercantile.............. 1,000,
422,
Pacific ....................
1.500,
Republic........ ..
450,
Chatham......... .......
200,
People’s ................ .
700,
•tforth America......
1,000.
Hanover................
500,
Lrviug ....................
600.
Citizens’ .................
*oo:
Nassau ...................
900,
Market & Fulton..
1,000,
Shoe & Leather—
Dorn Exchange---1,000,
Continental............. 1,00QV
300.
Oriental ........ ........
iinportera*<fc Trad’ra 1.500,
2,000,
Park ............—...
250,
East R iv e r .......... .
Pourtil ............. .
3 ,200 ;
1,000,
Central .........
300,
Second....... .............
Ninth......................
750,
First ...... ....... ........
500,
300.
N. Y. Nat’i Exch'ge.
250;
Bower}'............... . ...
New York County.,
200;
750.
german American..
1,000,
tJhasa......... ..
100,
Fifth Avenue.. ..
German Exchange..
200,
200,
Oermania................
300,
Lincoln...................
Garfield...................
200,
200,
Fiftb................ ........
300,
Bank of the Metrop.
200.
West Side.................
500,
Seaboard...............
Sixth..................... .
200,
2,100
Western.................
300,
First Nat. B 'kiyn...
Nat. Union Bank... 1,200,
500,
Liberty....................
N. Y. Prod. Exch’ge. 1,000,
260,
Bk.of N. Amsterdam

$1,811,7 $14,373,
2,215,
1,037,
1,959
2,563;
226,
4,119,
130,
7 ,001 :
176,
1,702,

120.

170,
171,
475,
109
505
2,52 7.
3.464
1,609
938.
470.

868.

978,
252,
559
2,238,
357,
376.
267.
957,
161,
1,330,

600,

897,
5 ,5 6 b
3,204,
147,
2,016,
495,
711,
281
7,564i
67,
611,
443.
298,
1,116,
1,162,
570,
748,
711,
848,
323,
850,
346,
348,
348,
721,
937,

03 8

329,
353,
298,

Specie.

$2,5 0 9 .0
5.909.0
14.121,
3 .296 3
14,3 ;4,
2.559.0
10,233,
20,783,
4.2 2 3 .3
4,039.
801,0
72,497, 31.424,5
708.2
3,082,
4 .3 1 4 .0
24,766,
4.785,
991 .0
1.045.5
7,660,
344, i
996,
2,010,
292 .0
103.5
867,
1.130.5
3,933.
4 30,2
1,836.
3,531
765.0
3.0 3 2 .0
20,393.
29.617,
2,432.9
1.954.7
6,973,
10.190,
1.700.5
990.5
2,138,
15,552,
4.537.6
6,001,
9 78,1
1,700,
220.7
1.951.0
10,375,
33,198,
8.437.3
592,9
3,309,
6 03 .2
2,607,
2,554,
311.5
1,474 8
5,768,
8,201!
640.8
1.811.8
10,089
1.375.7
5,468.
1,832
223.0
5.199.0
23,490,
36,355, 10.124,0
234.4
1,292,
23,606,
3.016.0
3.618.0
10.260,
5.671,
1.595.0
918.2
3,085.
9 .783.8
27,751
1,287,
231.4
2,806.
487.0
3.171
586.8
2,982
' 428,1
9.850.2
20,750i
1.735.3
8,003,
2,142,
108.9
3.285,
565.8
0,500,
1,380.6
6,233,
1,282.5
1,792.
595.4
2.105.0
4,393,
. 281,0
2.186,
7,940,
1.407.0
1.786.
295 .0
5.846.9
28.307,
095.1
4,090,
12,519,
2.933.9
048.2
3.729.
4,080.
980.9
2,982,
685.1

L ega le. \DepusUs
$1,225.>.0 $ 1 4 ,7 5 8 ,0
2,244,1.01 19,250,0
1,008,
17.001,8
S64,
10,518.0
1,997,
24,1 7 5 ,3
322,
4,0 1 3 .0
■2,232, 0 100 .806 ,3
280 ~
3,074.0
2,804
2 5 .1 3 2 .7
405
5.424.7
825,
6.409.3
1.220.5
75
262
2.1 7 0 .0
174
8 02 ,3
333
4.2 8 8 .0
134,
2.262.8
180
3.1 3 2 .0
3,381
2 2 .2 1 5 .0
3,440
23.470.1
177
7,057,9
1,167
11.237.0
486
3,085,8
723
18.284.0
839
6.228.3
733
2.028.5
1,162,
12.225.0
2,390.
42,1*38,0
583
3.756.0
175
2.792.7
397
3.131.0
670
6.544.0
333
3.553.4
982.
11.113.1
297
6.00 s,0
1,821,1
343
770
23.480.0
3,065
51.294.0
182
1 .3 U .7
2,787
23.2 2 4 .0
1,160
14.674.0
406
6.871.0
3.05
J,4
277
1,074
' 3 L.172,2
110
1.203.5
455
3.400.0
293
3.063.5
2.9 1 0 .0
311
4,375.
88.2 7 5 .8
898,
9.438,4
718
3.028.3
4.179.0
3 31
7.414.0
tH4
0,219,1
332.
132.
2.231.4
529
0,231,2
2.351.0
358
1,453
10.00J.O
1.560.0
125.
3 3,325,2
2,573
1,905
6.004.0
362
13,4 0 4 ,5
4.525.1
294,
188,
3.911.8
194. i 3,313,5

T o t a l ....................... 59,0 2 2 ,7 75,292.3 649 ,499 .8 1689880 ~60J67. 9 7 5 7 ,0 5 1 ,0

THE

A ugust 13, 16S8.]

CHRONICLE

Reports of Non-Member Banks.—The following ia the
statement of condition of the non-member banka for the
week ending August 6, based on averages of the daily results.
We nmit two ciphers fOOj in alt cases.
BANKS.
(008 omitted.)

Capi­
tal

New Y ork Cit y .

$
250,0
100,0
300,0
100,0
100,0
200,0
200,0
200,0
500.0
100.0
200,0
250.0
200.0
100,0
100,0
100,0
100,0
200,0
100,0
200,0
100,0
300.0

Deposit, with
Leg 1.
Loans &
Net
De­
Sur­ Invest­ Specie. <k B'k Clear' Other
Notes. Agent. Bks.&c posits,
plus. ments.

Aster Nat’l Bank..
Brooklyn .
Bedford.................. 150.0
100.0
300.0
100,0
100,0
200,0
150,0
Manufact’rs’’ Nat’l 252.0
500.0
Mech’s’ «fc Tradr’s’ 100.0
Nassau National.. 300.0
300.0
100,0
100,0
Queens Co. (L.I.C.) 100,0
Schermerhorn...... 100,0
Seventeenth Ward 100,0
Spragne National.. 200,0
Twenty-sixth W ’d. 100,0
100,0
100,0

$
309,5
54,8
186,0
117,4
50,9
9,3
28,1
75,7
150,1
84,9
188,2
88,6
102,7
24,6
107,2
96,7
78,1
149,1
46,0
287,6
126,1
2,1

$
2,308,7
710,2
1.721,0
1,135.7
691,5
374,2
658,1
1,187,3
2,057.0
433.8
1,158.0
1,294,2
908,6
575,4
938,3
873,o‘
1,403,0
1.158,2
691,0
1,865.8
1,018,5
1.295.2

$
144.7
17,1
102,0
01,2
26,7
60.4
25,0
59,9
284,8
92,7
28,0
83.4
24.4
19,8
42,1
8,9
64,0
21,7
23,1
149,4
124,0
279,5

$
27,3
58.0
90.0
71.3
93.3
2,0
37,9
65.1
120,2
43.1
57,0
98,7
108,7
89.2
01.3
29,8
32.0
79,5
84.0
172,2
83,0
180,0

115,3
108,9
160,2
30,1
53,3
171,5
61,6
411,2
397,8
189,1
571.9
554.9
109,8
105,4
122,3
58,2
08,8
214,2
52,1
45,8
28,2

1.011.3
1,251,0
1.230,1
295,0
510,1
802,3
570.2
2,073,2
2,306,9
848,0
3.804.0
2.234.0
038,8
659,0
1.757.7
400.9
411.5
1.021.8
309.9
294.5
464,1

28.9
24.5
85,5
10,1
26,7
50,3
36,0
224,0
92,8
62,1
274.0
225.0
10,5
44.7
114.8
34.8
8,0
104.8
5,8
0,7
12,0

70,9
144,3
41,0
21,7
24,5

Other Cities .
1st Nat., Jer. City.
Hud. Co. Nat. J. C.
2d Nat., Jer. City..
3d N a t, Jer. City..
1st Nat., Hoboken.
2d Nat., Hoboken.
Bank of Staten Isl.
1st Nat.,Staten Isl.

742,5
516,9
380,3
179,0
402,2
85,6
43.3
67.4

4,237,1 122,4 217.3
1,926 2 108.8 67.5
1.397.6 67.0 48 4
611.9 30.4 07,»
1.598.7 98.9 35.5
854.1 39.5 33.5
19.1 30,0
390.3
508.2
19,7 26,7

Colonial..............
Eleventh Ward—
Fourteenth Street.
Franklin National.
Hamilton.............
Hide <fe Leath. Nat.
Hudson River......
Mount Morris......
Nineteenth Ward.
Twelfth Ward......
Twenty-third W’ d.

400.0
250.0
250.0
200.0
110,0
125.0
25,0
100.0

27,8
262,7
99.0
41.7
237.0
330.0
54.1
29.8
130.2
22.3
31.4
14.1
13 1
10.5
37.8

Flour,
bbls.

bush.
631,700
114,835
208,246
28 478
547.075
27,432
178,361
108,400
^__
153,000

31.1C6
3,275

Corn,
bush.
964,350
440,276
612,586
604,821
280.833
42,530
31,515
201,552

Oats,
bush.
8V4.300
83,664
127,615
42.679
58,907
8,900
35, ’ 80

Barley.
bush.
67,750

Bye.
bush.
105,k75.
9( fib

...........

83,24jQ>
56,WC
'
*■

2,0C0

7,000
$
9
Total week........ 408,970 1,992,527 3,180,463 1,188,305
193,8 155,0 2,401,1
97,750 195 42
Week
1897..............
383,901
2,722,122
3,503,392
1,290,288
47,821 U9.90
837,4
173|0 277,0 1,993,0
* Receipts do not include grain passing throrgn New Orleans for forelois
409.0
1,556,9 orts on through bills of lading.
150.0
866,8
Total receipts at ports from Jan. 1 to Aug. 6 compare as
84.8
410,0
25.9
19,8
495,5 follows for four years:
04.3
1,179 2
Receipts of—
1898.
1897.
1896.
1895.
163.4
1,037,0 F lou r.................... bbls 11,094,891
9,784,673
8,217,723
9,213,07^
94,1 29,3
570,8
90.0
1,050,0 Wheat................... bush. 62,005,048
30,476,004
30,835,853
19,318,901
93.3 131,2 1,598,5 Corn.......................
“ 130.780,316
110,200,221
46,231,381
24/94,309*
155,9
1,8
“
60,200,164
45,135.953
879,0 Oats .....................
£9,542,567
23,: 28,372V
104.5
9
3,044.917
7,002,789
4.505,952
1,445,52*.
764,3 Barley..................... "
324.0
9,142,362
5,453,897
1.749,963
217,31&
1,103,3 Rye.......................... "
71.7
645,7
23.0 148 0 1,575,0
Total grain....
265.722,807
198,268,814
122,865,716
69,101,417
90.4 124,9 1,435,2
The exports from the several seaboard ports for the week:
01.1
55,6
820,3
353.4
2,320 0 ending Aug. 6, 1898, are shown in the annexed statement:
103.4
73,1 1,191.0
Wheat, Corn’
Flow.
Oats,
Rye,
Barley *
253.0
1.540.2
Exports from—bush.
bush.
bbls.
bush.
bush.
bush.
York...... 887,229 707,923
72,412 694,P61
70,522
17,829
1,875*
104.0 85,0 1.123.2 New
Boston........... 57,936 322,420
28.353
16,181
239.0
1,504,7 Portland......................................
185.6 48,9 1,280.8 Philadelphia..
11,765
49,000
428,820
45,9
8,5
249,7 Baltimore...... 965,159 552,741
33,325
8,571
50.1
15,3
472,6 New Orleans.. 219,108
3,873
264
167.1
... .
804,8 Norfolk.......................................
3,275
91.1
....
554 0 Newo’rt News 108,400 201.532
31.106
457.0
—
2.003 9 Montreal ........ 109,281 492,480
39.431
89,859
49.254
164.0
1,848
2,270,8 Galveston.... 27,913 ..........
135.7
Charleston
..........
34.0C0
007.0
70.0 4,361 0
Total week..2,424,025 2,740,200 225,433 811,001 85,093
67,0-3
1,875.
353.0 108,0 2,787 0
218.8 600,0 1,34 ).0 Same time’97.1,719,032 3,963,731 238,363 984.0S9 355,997 127,380 138,96Q>
92.4 39,5
740,1
The
destination
of
thes9
exports
for
the
week
and
since
355.3 140,0
159,8
533.7 September 1, 1897, is as below.
85.5
303,0
,--------- Flour.--------- , ,--------Wheat.------- , ,---------- Corn.--------- 285.0
14*6 1,040,0
Exports for
Week Since Sept. Week Since Sept. Week Since. Sept,
82.8
375.5
1,2
week
and
since
Aug. 6.
1 ,1S97.
Aug. 6. 1, 1897.
Aug. 6.
1,1897.
31,3 40.0
245 3
Sept. 1 to—
bbls.
bbls.
bush.
bush.
bush.
bush.
167.4
031.8 Cnited Kingdom 166,714 9.260,103 902,976 65,821,373 1,389/93 88.s44.33r
83,8
Continent..........
14,387 1,3*1,809 1,512,642 53,556,053 1,311,225 93,7. 5,94 £
.....
871,297
l,3<>4
157.22&
S. & C. America.
16,764
919,013
497.2 14088 0 057,9 West Indies......
19,4f5
974,316
.....
1,375
15,934 1,466,150
217,9 245,4 1.900.5 Br. N. Am. Colo’s
a,775
234.374
.....
2,700
5,500
4‘'2,53*
451.3
1.375.5 3ther countries..
5,313
323,886
8,407 1,076,190
16,541 1,320,9S£
101.7 133.3
871 4
Total
............
225,433
13,093.304
2,424,025
121,328,993
2,740,200
18*
987,1.7#
153.8 23 0 1.387,8
62,4 126,2
757,3 ratal 1897.......... 238,368 11,312,583 1,719 032 57,476,941 3.963,731 163 9.s7,39«T
6(1,9
109,7
7
The visible supply of grain, comprising the stooks iie
124.9
525,8

Totals Aug. 6 __ 9,0/2,o 8.472.1 so,0/0,/ 3,7'7,4 3 .806.1 0,0313 4,261,8 66.0*3,4
Totals Jmy 30... 9,012,0 8.412.1 •>8.410,1 7,8/1,0 4.206.2 0,/6/,7^3,83O3 66,990,6
Total- Jnlv 23... 0,012,0 8.412.1 10.033.6 7.006 s * 312.7 0407,0 4,007,0 66,711,0

New York City, Boston and Philadelphia B inks.—Balow
we furnish a summary of the weekly returns of the ClearingHouse Banks of New York City, Boston ani Philalslphi*
The New York figures do not incluis results for the nonmember bank?.
Capital <xr
Ba s k s . Surplus.1 Loans.
N. Y.*
July .0
•• 23
« :0
Aug. 6
B om.*
July 23..
*• 30..
Aug. 0..
P h tln . *
Julv 23..
“ 30..
Aug. 0.

Receipts at—
New York.............
Boston..................
Montreal.............
Philadelphia.......
Baltimore............
Richmond............
New Orleans*......
Newport News— ..
Norfolk.................
Galveston.......... .

303

granary at the principal points of aooumulation at lake and*,
seaboard ports, Aug. 6, 1898, was as follows:

Buffalo..................... ..

432,000

Corn,
bush.
1,621,000
52,000
00,000
738,000

Chicago.................... .

806,000

0,822,666

791,000

160,666
2,000

8,000

Duluth.......................

702,066

2,601,000

29,000

fio.ooo

43»0UG

204,000

218,666

46,000

27,000

75,000

03.066

l.OCO

22,000

16l'.OOO

215,000

4,000

1,000

...........

14.000
17.000
54.000
31.000
2,0C0
456.000
202.000
352,000
Minneapolis. ........... 2,907,000
On Mississippi River.
On Lakes................... 825 000
On canal and river. ..
31,000
Total Aug. 6, 1898. 8.254,000
Total July 30, 1898. 9,093.000
Total Aug. 7. 1897.17,650,000
Total Aug. 8. 1896.46,429,000
Total Aug. 10, 1895 37,840,000

241,606

4.000
12,000
813.000
52.000
33.000
5.000
10.000
60,000
22.000

17,666

20.OC0

In store at—
New York.................

Wheat,
bush.
811,000

Rye.
bush.
9,000

Barievbush.
10.00 0

11,000

168,00©

50.000

Specie. Lsgas. Deposits.* Oirc’Vn Clear4»o
Toledo . . ........
9
9
9
,
$
9
'
$
•
,
134.064.0 639,853,5 1707004 02,046.0 757.780.3 14.538.8 720.893.1 Detroit......................
630.290.4
14,434.3
741,328,8
134.604.0 f 31,945,9 107F115 00,702 7
134,254,0! 030,760,711005051 00,819.4 741.080,1 14.391.9 041.523 3 Oswego.....................
134.315.0 649,499,8 1089880 00,107,9 757.051.0 14,273,8 741,158,3 8t. Louis...................
!
5 442,0 180.838.0 0,220,0 92 299 4
08.587.3 178,570,0 15,340.0
6.700.0 187.420.0 5.999.0 87 092 0
68.587.3 L73.832.0 15 333.0
08,587,3j 179,487,0 15,001,0 5.249.0 189.852.0 0,003,0 102 103,0 Montreal...................
130.150.0 5.900.0 00,388,5 Philadelphia.............
35.388.0 114,545.0
41,4 47.0
130.690.0 5.871.0 01,49 4 0 P eoria................ ...
35.388.0 115,239,0'
40.5 71.0
130.577.0 5,878 0 05 824,0 Kansas City............. .
3.V3H8.0lH5.P74.0i
4O.0 02.0

—The Richmond Locomotive & Machine Works have just
closed a contract with the Plant System for twelve locomo­
tives and with the Georgia & Alabama for four locomotives
—The Empire-State Idaho Mining & Developing Company
has declared its monthly di video 1, No. 3 of one per cent, on
the capital stock of the company, payable August 15.

Oats
bush.
156,000
1i 3.0C0
45,000
303,000

70,066
237.000
159.000
7,000
66,000
676.000
019.000
30.000
3,495,000
421.000
17.920.000
17.575.000
10.511.000
12.218.000
4,013,000

802,000
52,000
3.352.000
3.440.000
6.551.000
0 915,000
3.925.000

—

1,000

1,060

6,000
20,000
34,000

..........
15,000

85,000

7.000
20,000

437.000
305.000
1,642,000
1,626/00
254.000

2P8.000
343.000

831.0 a
039,0c a
44,0c a

* Last week's stocks; holiday Aug. 6._______ _____________________
BreadHtalTn F i g u r e * B r o u g h t F r o m P a g e 332.—Tee
tatements below are prepared by us from tUe figures col­
Auction Sales.—Among other securities the following, no t
lected by the New York Produce Exchange. The receipts at regularly dealt in at the Board, were recently sold at auction..
Western lake and river ports for the week ending Aug. 6, and
By Messrs. Adrian H. Muller & Son :
since Aug. I, for each of the last three years, have b ;en as
Shares.
Sh ares.
follows:
100 Celluloid C o..................... 651*,
100 Hampton Roads H otel
Receipts at—

Flour.

Wheat.

Corn.

Oats.

!

V■
Bu.56 Ibb.
74.940
31,700
81.8)0
0.400
82,408
955
........
13,023
28,803
1^

Tot.wk.’98.
Same wk.’97.
Same wk.’96.
Since Aug. 1.
1898..........
1897...........
1896.............

II

BbUAMlbs Bush.60lb8 Bush.aGlbs Bush.'mbs
62,322
5C8 318 2,3C6,0:S 1,958,248
01,525
101,000
181,300
f>5M0
113,100
107,958
4,240
22,250
1,000
421,040
48,240
76,970
55.300
1,101
662,069
30,765
Detroit.......
5,225
195,637
30,590
11,348
132,000
55,290
259,006
201,380
207,217
9t.Louis . ..
112,800
25.425
Peoria.......
157,050
11,500
153,(00
8,800
Kansas City.
603,000
53,000
59,00u

Chicago......
Milwaukee
Duluth......
Minneapolis.

Barley.

2,25
5,15 1

1,625
4,200

2,866,807
6,090,157
3,423.511

3,345 828
6,038,061
4,894,434

2,703.417
5,127,450
1,914 077

40.455
158,756
228,354

237.150
276,281
106,933

281,001 2,8:6/07
250,423 5,090,157
276.93? •3 493.5U

3,345.838
0,038,901
4/9-3 431

2,703,417
6,127,450
1.91 <.077

49,455
158,760
2*8.354

23 ',459
270,281
105,933

281.061
250,423
270,987

40 Colonial Trust C o........... 190's:
Co................................... $13 lot
Bonds.
4 Fourth Nat. Bank N. Y..176-4
3 Continental Nat. B ank,.12G 14 $7,000 Hanipt’n Roads H otel
Co. 1st 5s, Jau. 1, 1895,
3 Nat. car-k B ank............... 326
coupons attacked............... IT 4 Joliet & Chicago RR. Co 17 6%
_7_Continental Ins. Co.........451

IM atiiag

ixuSL

Spencer Trask & C o.,

BANKERS,

27 & 29 P IN E S T R E E T ,
.
.
.
65 Stale Street, Albany.

NEW YORK

________ IN V E S T M E N T S E C U R I T I E S ._______

G eorge B a r c l a y M o f f a t .

The receipts of flour and grain at the seaboard ports for the
woek ended Aug. 6, 1898, follow:

fin a n c ia l.

M _o f

f a t

A le x a n d e r M, W h ite , .1?»

& W

ba nk er s ,

No. 1 NASSAU S T R E E T ,

-

h i t e

,

N EW YO R K ».

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

THE CHRONICLE.

301

buying % discount, selling par : Charleston buying 1-16
discount, selling 110 premium: New Orleans, bank, §1 00
premium, commercial, par: Chicago, 20j. per $ l,000 dis­
count; St. Louis, parfalOo. premium.

J B a u k c r s ' (g a z e tte *
D I V I U K N D H .

S am e

P er
When
S ouks closed,
Oml. |Payable. | (D ays inclusive./

of Company.

t t u l lr o u d s ( s ii 'i ir n .)
B oston & A lbany (qunr.)..............
Canadian PnoU taeom ...................
do
do
p r o f - - ...............!
Clove. A- P ittsburg guar, dinar.).
Ft. Way « e & Ju nison p rel..........
M exican Nor thorn (q u a i.)...........
N orth Pi'ijuylvania (q n a r j.........
Street B a t l a - a y s .
T h ird Avenue, X . A'. (<ruar.).......
IMtueellaneous,
A m erican C o a l...............................
do
do
t e x t r a ).,.............
1’ . Lorlllurd com .............................
Standard O il(q u ar.)......................
do
do (extra)---------- ------

2
2
£
2%
1
2
o

to Sept.
Sopt. 3 0 ------Oct,
1 Sept. 10 to Oct.
1 Sept. 3 to Oct.
Oct.
11 to Sept.
jSept.
Sept.
l Aim. 10 to Sapt,
Sept.
2 AUg 2 i to SO [it
Aug. 25 Aug. 11 to Aug.
Allg.

30
2
2
1
1.
2
19

31 Aug. 20 to Aug, 31

1 Aug. 21 to Sept. 1
} Sept.
Aug. 15 Aug 11 to Aug. 14
15 Aug. IS to Sept. 15
} Sept.

i
2

W A L 1 , S T R E E T . F R I D A V. A U G . 12. 1 8 9 S . - 5 P. M .

The Money M arket and Financial S itu ation .—The
course of business in W a ll Street this week has been gov­
erned largely by prospects of an early cessation of hostilities
between this country and Spain, A s this prospect has
brightened day by day security values have become more
firmly established, and in many cases a substantial advance
in quotations has resulted. A feature of the week at the
Stock Exchange was the large transactions in Government
3 per cents, when issued, which aggregated nearly §7,000,000,
at a premium of from 4% to 5% per cent.
The market for railway securities has broadened during
the week, the volume of business in both the bond and share
departments being better distributed and covering a wider
range than usual. Activity in this class of securitiesisalso stim­
ulated by the favorable outlook for railway earnings during
the coming season. In this connection the attention of our
readers is called to the large number of railway issues, espec­
ially those of the better class, which have advanced from
twenty to thirty points since the low prices recorded in
March, as shown in tables of quotations on the following
pages. The Government crop report j ust issued is interest­
ing, confirming as it does previous reports of the excellent
condition of spring wheat, and showing the corn crop as
more hopeful than it has recently been.
The money market is a little firmer on a somewhat better
demand and the, prospect that this demand will increase.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 1% to 5 percent. To-day’s rates on call were 1}4 to %%
per cent. Prime commercial paper is quoted at 3 % to 4 per
cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £33,995, and the percentage
of reserve to liabilities was 45 42, against 44'59 last week; the
discount rate remains unchanged at 2j| per cent. The Bank
of France shows an increase of 1,125,000 francs in gold and
550,000 francs in silver.
The New York City Clearing-House banks in their state­
ment of Aug. 6 showed an increase in the reserve held of $1.831.400 and a surplus over the required reserve of 839,803,006,
against f41,9u4,475 the previous week.

Capital..................
S u rp lu s................
Loans <t dlsc’nts.
C ircu lation ..........
Net deposits........
B pecle...................
Legal tenders___
R eserve held.......
Legal reserve___
Surplus reserve

(VOL. U M l

1898.
Aug. 0.

Differen’sfr'm
P rev. week.

1397.
A ny. 7.

1898.
A ug. 8.

$
59,022,700
75,292,300
640,499,800
14,273,800
757,051,600
1 6 8 ,9 8 8 /0 0
60,167,910
229.155.900
189.262.900

$
Inc. 12733100
Dec. 118,100
Inc. 15371500
Ino. 2,482,900
Dec. 651,530
Inc. 1,831,400
Inc. 3,842,875

$
59.022.700
74,363,900
549.562.400
13.334.700
626,231,300
92,129,800
105.430.400
197,560.200
156,558,075

$
60,622,700
73,204.000
468,037.600
14,963,200
477,164,500
46,545.800
80,560,900
133,106,700
119,291,125

39.893,OOOlDec 2,011,475

41.002,125

13.815,575

The Clearing-House, on Oct. 30, 1897, also began issuing
weekly returns showing the condition of the non-member
banks which clear through the Clearing-House institutions.
The statement in full for the latest week will be found on
a preceding page.
Foreign Exchange.— The market for foreign exchange has
been generally steady on a limited volume of business.
Rates are practically unchanged.
To-day’s actual rates of exchange were as fo llow s; Bank­
ers’ sixty days’ sterling, 4 84@4 8 4 % ; demand, 4 85% @ 4 85 % ;
cables, 4 85% @ 4 88 ; prime commercial, sixty d a ys,'4 88% <S
4 88% ; documentary commercial, sixty days, 4 8 2 % @ 4 88% ;
grain for payment, 4 8 2 % @ 4 83% ; cotton for payment, 4 82%
@ 4 83% ; cotton for acceptance, 4 88% @ 4 83% .
Posted rates of leiding bankers follow :

U nited Statos Bonds.— Sales of Government bonds at the
Board include $(!,887,000 3s (When issued), at 104% to 105% ;
$1,000 4s, coup., 1925. at 187% : $2,000 4s. reg., 1925, at 127%
$10,500 4s, coup., 1907, at 112: §5,010 5s, coup., at I l l ' s , and
$2.00 i currency 6s, at 102%.
The following are the daily closing quotations ; for yearly

range see seventh page fo lowing.
Interest Aug.
Periods.] 6.
2s_____ ________ reg.
133,1918,10.20s.op,
is , 1 9 0 7 ............reg.
4s, 1 9 0 7 .......... coup.
is , 1 9 2 5 .......... reg.
Is, 1925.......... ooup.
5s. 1 9 0 4 ............ reg.
5s, 19 04.......... ooup.
6s, cur*ey,’ 9 9 .. .reg.
4s, (Cker.)1899.Teg.

G .-M ohJ* 97
Q. - F eb. 10-1%
Q. - J a n . * i 11 \
Q ,-J a n . ‘ 111%
Q .-F e b .i 127%
Q .- F eb. ‘*127%
< 1 -F eb. *312
Q .- Fell. .........
J. <fc J. *102!-i
M arch. 1*101

Aug.
8

Aug.
9.

* 97 * 97
104% 10-10*
*11115 ' l l l H
112
*127% * l ‘273i
1273i 127%
*112 *112
*112 *112
*102^ *102^
*101
*101

1
A ug. A ug.
10 . j l i .

Aug.
12.

• 97 1* 97
104=8 105
•111% *111%
•11101 *111%
' 127% *127%
*127^127*3
■112 '112
*112 *112
-1021* 102*4
'101 1*101

• 97
105
•1 1 1 %
*111%
■127%
12 7^
112
•1 1 2
'102*4
'101

•'Tills l« tins irtoe bid at the m iruine h o a rd : no *s.<« was -ria l ■>.
I D ah oils are In bonds "w hen issued” and represent transactions
In the Unlisted Departm ent ot the Exchange.

(Joins. -F ollow in g are the currem quotations in gold for
coins:
Sovereigns........... $4 86 @ $4 88
Fine silv er o a rs.. — 60 @ — 60%
Napoleons............ 3 86 @ 3 87
F ive Irancs...........— 93 @ — 96
X X Relohmarhs. 4 7-1 @ 4 78
M exican d o l l a r s ..— 46 @ — 46%
Peruvian sols . . . — 44 @ — 43
35 Pesetas............ 4 78 @ 4 81
English s ilv e r ... 4 S3 @ 4 86
Span. D oubloons.15 50 @ 15 60
Mex. D ou bloons.15 50 @ 15 60
U. S. trade d ollars — 55 @ — 65
Fine g old ba rs... p ar @ t i prein.
S t a t e & R a i l r o a d B o n d s .— S a le s o f S ta te b o n d s a t th e
B o a r d in c lu d e $115,0 10 V ir g in ia 6 3 t r u s t r e c e ip t s s t a m p e d a t
8 % t o 9, $19,060 V i r g i n i a fu n d , d e b t 3 -8 3 o f 1991 a t 7 2 % t o
74 a n d $401 A la b a m a C la ss A a t 105,
T r a n s a c t io n s in th e r a ilw a y b o n d m a r k e t h a v e b e e n la r g e ,
a v e r a g in g a b o u t $4,220,000, p a r v a lu e , p e r d a y , a n d w e r e
m o r e w i d e l y d is t r ib u t e d th a n u su a l. T h e r e a r e le s s c o n s p i c ­
u o u s fe a t u r e s th a n w e r e n o t e d la s t w e e k , b u t th e m a r k e t w a s
g e n e r a lly s tr o n g . C h e sa p e a k e & O h io g e n . 4 % s , M is s o u r i K a n ­
sas & T e x a s 2da, P e o r ia & E is t e r n le t s a n d W is c o n s in C e n tr a l
tr u s t r e c e ip t s a d v a n c e d f r o m 2 t o 2 % p o in ts , a n d M is s o u r i
K a n sa s & T e x a s Is ts , N o r f o l k & W e s t e r n c o n . 4s a n d St.
L o u ie & S a n F r a n c is c o . 4s a p o in t o r m o r e . I n a d d it io n t o
th e a b o v e th e a c t iv e lis t in c lu d e s th e A t c h is o n , C e n tr a l
G e o r g ia R a ilw a y , D e t r o it C it y G a s , E r ie , N o r t h e r n P a c ific ,
O r e g o n S n o r t L in e . R e a d io g , S t. L o u is S o u t h w e s t e r n , S a n
A n t o n io & A r a n s a s Pass, S o u th e r n R a ilw a y , T e x a s & P a c if ic ,
U n io n P a c if ic a n d U . P . D e n v e r & G u l f issu es.
S t o c k a n d B o n d S a le s . —T h e f o l l o w i n g s h o w s t h e v o lu m e
o f b u s in e s s in s t o c k s a n d b o n d s o n th e N e w Y o r k S t o c k
E x c h a n g e f o r th e p a st w e e k a n d s in c e J a n u a r y 1.
Sales
-— Week eliding Aug. 12— -------- Jan. 1 to Aug. 12
-a
N. F. Stock Exeh.
1898.
1897.
1898.
1897.
i Giivermnentbouds
$911,000
$344,150
$8,7159,350
$8,345,100
State bonds.........
184,400
0,000
1.004,500
1,090,500
KR* & mitsG.bonds.
£1,389,000 21,2-10,500
503,922,810
295,544,490
Total............... $22,405,000 $21,590,050 $513,786,060 $304,980,090
Stocks—No. shares 2,(520,415
3,5 0,111
61,017,065
37,612,192
Par value----$258,337,450 $334,382,950 $5,951,114,025 $3,585,302,750
Bank shares,par v&l.
$1,200
$11,300
$t24,150
$218,010

W e add the following record of the transactions for each
day of the week.
Week ending .---------- Stocks---------- , Railroad, etc. State
17. S.
Aug. 12,1898. Shares. P a r value.
Bonds.
Bonds.
Bontl*
Saturday...... .
250,055
$24,667,500 $2. '03,000
$51,000
Monday................. 512,703
50,201,300
4,099,000
$1,000 1SG.000
Tuesday................. 429,015
42,388 000
3.515,500
55,500
Wednesday.......... 451,940
44,703,600
3,604,500
13,400
89,100
Thursday.......
584,970
57,584,950
4,011,000
299,000
Friday.......... .
391,726
38,792,100
3,390,000
120,000 261,000
Total..............2,620,415 $258,837,450 $21,339,000 $134,400

$941,000

The sales on the Boston and Philadelphia Exchanges for
the week ending August 12, 1898, have been as follows :
, ----------- Boston.--------- — .
L isted Unlisted Bond
shares* shares.
sales.
Saturday. ,.11,298
3,055
$05,037
Monday ....29.229
8,339
89,010
Tuesday.... 19,120
9,491
95,150
Weduesd’y. 28,930
4,034
154,500
Thursday... 33,700
7,4 *.7
200,000
F riday...,..............................
...........
Total...................................

...........

,--------- P hiladelphia,--------L isted
Unlisted
Bond
shares, shares.
sales.
10,088
10,317
$1.30,3u0
22,821
14,247
864,125
23,271
9,508
243,000
26,04 0
8,035
196,988
23,495
11,729
264,880
15,983
6.962
218,100
121,698

01,298

1,417,393

Railroad and M iscellaneous Stocks.— The stock m ar­
ket has continued active and buoyant with a broadening
tendency through tbe week. W ith few exceptions prices
have steadily advanced, and in the railway list several new
high quotations have been made. The trang-Continental,
trunk line and granger shares have been most conspicuous,
but some of the 1 iw-priced and hitherto neglected stocks are
becoming more prominent features c f the market. On the
advance there were liberal sales for accrued profits, which
caused some recessions, hut such offerings were readily ab­
sorbed. Of the active list Manhattan Elevated is exceptional
A u g. 12.
Sixty days.
Demand
on a decline of 3 % points. A s is usually the case in such a
Prim e banker*’ sterling bills on L ondon. 4 84% @ 4 85
4 86@ 4 86 >a market the miscellaneous list slow s some wide fluctuations.
4 83 >2® 4 83 111
American Malting preferred covered a range of 7 points,
D ocum entary com m ercial.......................... 4 82% @4 83%
Paris bankers’ (francs)............................... 5 21 ijQ@213.fi 5 l 9 5,fi^ 19:*s Illinois Steel 6% points, New York Air Brake nearly 8
Amsterdam (guilders) bankers...............
40iias40b,B points, American Tobacco about 4 points and People’s Gas
40% s@ 40%
F rankfort or Bremen (rei eh marks) b ’kers 949.(i@94 bfj
95% ®953 ir
nearly as much. American Sugar. General Electric, Ten­
The following were the rates of domestic exchange on nessee Coal. Iron Sc Railway, United States Leather pre­
New York at the under-mentioned cities to-day: Savannah, ferred and W estern Union were active but relatively stead y.

A ugust 13, 1898.]

THE CHRONICLE—STOCK

PRICES (2 pages) P a g e 1.

SOS

New Toe'?: Stosk E solm ^ e— A. Diily, Weekly and Yearly Record.
Sales Range f o r year 1898. j Range f o r previ­
o f the On basis o f ioo-shyre lots t ous year (1897),
Week.
N. y . STOCK E XCH . Shares
Lowest.
Highest.
Lowest. Highest,

STOOLS—HIGHEST 1Y O LOWEST SLO E P R IC E ST.
A vg. 6 .

Aug. 8.

Tuesday,
Aug. 9.

STOCKS.

Wednesday
Aug. 11.
A ug 10.

Aug. 12

R a ilr o a d S to ck s.
\ lbany A Susquehanna..
§183 Jan 4 186 Feb 3 ;170 Feb
YV.nn Arbor............ ........
50 11 Apr 2
15 Feb 8
9 Jan.
2,190 34 Jan
Do
pref.
40%Feb 7 22%Apr 40 Aug
Atch. Topeka & Santa Fe 13,703 10%Apr 2 14%Aug 10
9^Apr 17 Sep,
Do
pref 103,704 22%Mar 11 36%Aug 11 i 17 Aur 35%Sep
552 12%Jan 2; 21%J’ne 17:
altimore
A
Ohio....
—
9
J’ly 21%Sep.
B alt. & O. South w., pref
500
5%Jan 1'.
7%Feb 3
2 J’ne 9%Sep.
Bost. & X. Y. Air L.. pref
§105 Mar S* §105 Mar 9| 102 Mar 106 Oct,
Brooklyn Rapid Transit... 155,105 35 Mar 11 04% Aug 11 18%Jan. 37%Dec
Buffalo Roch. A Pittsburg
25 Mar 11 30%Jan 0 10% May 31 Deo
Do
pref.
50 62 May t 67%Jan 3i 54%J’ly 06%Deo
Bari. Cedar Rapids & N o..
§05 Mar 1< 75 J’ly 1 68 Apr 70 Aug
P acific..........
1,300 72 Apr 2 90%Jan 20 46% Mar 82 Deo
Canadian
anada Southern...........
2,740 4 4% Mar 11 57%Feb 5 44%Jan. 02%Sep.
Capital Traction...............
02 Jan ■ 70 Jan 25 50%Oct. 63 Deo
2, L75 86%Mar 20 98%Jan 7 68%May 10 3%Jan.
*92
93 Central of New Jersey....
92
92% 92
921,
91
92
92% 92% 92% 93
793 11 Apr 2: 17%Aug 3
17
17
7%Apr 18 Sop.
17
*10
510% 17% *10
17% 17% 17% §17% 17% Central Pacific..................
24% 25% Chesapeake A Ohio........... 72,855 17%Mar 20 2 5% Aug 12 15%Mar 27%Aug
24% 25
24* 25
23
23% 23% 24% 24% 24*
Chicago & Alton...............
§150 Mar 14 §166%Janl4 147 J’ly 170 Mar
159
159 ....
*158
159% ........ *159%
•159%
Do
pref.
§160 Mar 24 §160 Mar 14 161%May 175%Nov
•170
170 .... *170
*172 ........ *172
•172
112 113% 112 113% 112% 113% 113% 114% 114 115% 113% 114% Chicago Burl. & Quincy... 100,701 85%Mar 20 115% Aug 11 69%Jan. 102%Sep„
1,900 49 Apr 19 60 J’ne 1 37%J’ne 01 Sep,
*58% 59 Chicago & East. Illinois...
58% 50
58% 58s* 58* 58% 58% 59
58
58
1,400 102 Jan 7 113%Feb 1 95 Jan. 103 Sep.
Do
pref.
107% 107% 107%107% 107% 107% 107% 107% 107%107% 107%107%
9%Feb 24 16%Jan 8
15% 15% U"% 15% Chicago Great Western... 23,370
3%J’ne 20%Aug
15* 15*
15% 15% 15% 15% 15% 15*
Do 4 p.c. debentures.
71%J’ly 15 71%J’ly 15 71%Oct. 75 Deo
72
72% *70
72% *70
74
•70
74
*71
•71
74% *71
1,994 28 Mar 15 41% Aug 3 rfl%Aug 43 Sep.
Do 5 p.c. pref. “ A ” ..
40* 40% 41% §40% 41%
41
41
40% 41% 40* 41% 40
Do
4
p.c.
pref.
“
B
”
..
41
20 Apr 21 30 Aug 3 19 Aug 33%Sep.
30
•28* 30
*29% 29% §28% 28%
•28% 29% 29
29% 30
1,191
7 Feb 24 11 J’ly 27
8 Oct. 13 Aug
9% 9% Chic. Indianap. & Louisv..
9% 9%
•9% 1U% •9% 10%
9 * 10*
9 * 10
741 23 Apr 16 38%J’ly 27 20 Nov 38%Sep.
Do
pref.
•33
36
30
35
§36% 36% *33
35
35
30% 31% 35
102%103% 103% 104% 103%103% 103%105% 105% 100% 105 105% Chicago Mllw. & St. Paul.. 236,415 83%Apr 21 106% Aug 11 09%Apr 102 Sep.
Do
pref.
1,132 140 Apr 25 154%Aug 12 130%May 140 Sep.
153% 153% 158%153% 154% 154%
153 153 §153 153% 153 L53
133% 134% 1 3 3 * 1 3 4 * 133% 134% 132% 133% Chicago & North Western. 10,304 113%Mar 12 135 Aug 8 101%Apr 132%Sex
134% 135% 132%135
45 163 Jan 3 175 Mar 7 153 Jan. 165%Sefc
Do
pref.
§175% 175%
•175 ....
102%103% 101% 1G3 Chicago Rock Isl. A Pac.. 142,100 80 Mar 25 108%J’ne 1 60%Apr 97%Sei100%102% 101 102% io 'iii 103
99% 101
84
85% 83% 81% Chic. St. P. Minn. & Om... 12,115 65 Mar 12 85%J’ly 11 47 Jan. 89%Sep.
84% 84% 84% 85% 84% 84% 84* 85*
140 §148 Jan
Do
pref.
§15S Aug 12 133%Jan. 150%Deo
•153 100 •155 100 §155 158
154 154 *155
•152 155
040
4%Jan
9%Mar 3
♦7% 8% Chic. Terminal Transfer..
*7% 8%
•7% 8
§7%
•7% 8
'7 * -.8*
245 22%Jan
Do
pref.
33 Feb 5
30
§29% 29%
•29
30
30
•27% 30
29% 29% 128* 20*
44* 45% 44% 45% 44% 45% Clev. Cin. Chic. A St. L — 38,034 25 Mar 12 46 Aug 9 21%J’ne 41%Sep
42
42% 42% 44% 44* 40
Do
pref.
200 77%Mar 9 88%J’ne 14 63 J’ne 86%Sep
80%
86
•84
87
2,502 ll%Mar 26 19%Jan 12
14% 14% 13% 14% Clev. Lorain & Wheeling.
14% 14% 14% 14% 14* 14V 14* 14*
Do
pref
45 May " 50%Feb 9 39 Nov 49%De<?
*40
49
•40
49
49
49
*40
•40
•........ 49
*40
49
92 170 J’ne
§174 Aug 8 161 Apr 168%Sep
§172 172 *168%....... Cleveland A PIttsb., guar.
•170 .... §174 174 ♦170
•168%
70 5%J’ne 23 5%J’ne 23
*5
0% Colorado Mid., vot. tr. ctfs.
5
*4
0%
§5
*5
0% •5% 0%
Do rref. vot. tr. ctfs.
47 14 J’ne 23 18 J’ne 7
•14
16
•15
17
15
•14
10% •15
•10* 17
100
*4% 5% Col. Hocking Val. & T ol...
l%Apr
4%J’ly 31 8%Feb 10
*4% 4%
'4 *
•4% 5% *47* 5%
o*
17 Jan ' 25 Feb 9 14 Aug
Do
_
pref
♦21% 24
*21% 24
*21% 24
•21% 24
•21% 24
728 103 J’ly 10 114%Feb 3 09%Apr
♦107% 109
108% 108% 108% 109 §109 109* §108% 10-»% §108 109 D elaware A Hudson.
250 144%Apr 21 159 Feb 5 140%May
el. Lack. A Western..
151% 151% L50 152 *150 152* §150% 151 §152% 152% •150 152%
1,400 10 Apr 20 13% Aug 12
9%Apr
*12
13 !
13% 13% 13% 13% Denver & Rio Grande—
13,331 40 Apr 21 52% Aug 11 30 Apr
Do
pref
50g S0% 50% 51% 5«'% 507* 50% 51% 51% 52% 51% 52%
8%Apr 21 20 J’ne 10
7,295
7 Apr
17
17% 17% 18% Des Moines A Ft. Dodge.
17* 18
17* 18
. 17% 17
Do
pref.
•80 .......
81 Apr
•80 100
*80 ...
*80 100
•80
*80
7%Feb
Dul. So. Shore A Atl.pref.
5 Apr
5 Dec
1,340 11 Apr 21 10%Feb 4 ll% Apr
*13% 14 E rie................................
13% 13% 13% 13% §13% 14
18* 13% 13% 14
Do
1st pref
7,022 29%Apr 22 43%Feb 11 27 Apr
35% 36%
-35% 30
30% 30% 36
30% 36
30* 30% 37
Do
2d pref.
300 15%Apr 22 21% Feb 11 15%May
19%
•17
IH
19
18% 18% •18
•17% 19
•18
19% *18
22 May 9 20 May 11 20 J’ne
•25% 26 Evansv. A Terre Haute .
•25% 20
•25% 26
•25% 26
•25* 26
•25% 23
Do
pref.
40 Jan 18 54 Aug
•52
55
28 Aug
•52
55
•52
55
•53
55
•50
57
•52
55
10 Mar 12 14%Feb 14
lint & Pere Marquette.
7 J’ne
14
14
F
43 Jan 28 30 Mar
Do
pref
300 30 Aug
30% 30%
30% 37%
21 Feb 8 28 Mar 5
*22
24 Ft. W. A Den. C., stamped.
•25
24
•22
24
7%J’ly
12 Nov
SOU 10 May 19 16%Jan 31
•12% 14 Ft. Worth & Rio Grande.
•10% 12% •10% 12% 12* 12* •12% 14* •13
14
1,805 +122 J’ly 1 180 J’ne 30 120 Jan
131% 131% 131% 131% 131 131
1 3 1 * 1 3 1 * 132 132% 130%131 G reat Northern, pref. ...
reen Bay A Western...
10 §30 Jan 7 32%Feb 24 27%Apr
130
30
Do debt certfs. “ A ” .
l 40%J’ne 23 49 Jan 27 50 Dec
44
44
Do debt certfs. “ B
3%Dec
75 3%J’ly 9 6%Jan 25
5
5%
10,038 90 Apr 21 11 l%J’ly 12 91%Apr
107% 108% 108 109% 108% 109 " 108%109% 109 109% 108%108% Illinois Central............
§94 Feb 18 97%Aug 4 88 Jan
Do leased line, 4 p. c .
•95 100
•96 100
•95 100
•95 100
•96 100
*90 100
0 Apr
43H 7%Mar 18 10 J’ne 11
9% 9% Iowa Central....................
*9*
•9% 9 *
9% 9%
•»% 9%
9% 9%
Do
pref
755 25 Apr 28 86%Aug 8 23 J’ne
•35% 37
37
30% 30% §37
•36
36% 36% 36% 35% 36%
6 Feb 2 6%Feb 2
4 J’ne
256
*5% 0%
•5% 6% K anawha & Michigan...
•5% «%
*5% 0%
0% 0% •5* « *
an. City Pitts. A Gulf..
1,850 15 Apr 26 24% Feb 10 17%Dec
17
10% 17
17
17
17% *10% 17%
13* 17*
10* 17
3 Jan 27 3%J’ne 11
2 Feb
124
*4
4% 4% Keokuk A Des Moines..
5
•4
•4
5
*4% 5
3
•4
5
Do
pref.
15 May 12 18% J’ne 14 12 Mar
•17
19
•17
19
•17
19
•17
19
•17
19
•17
19
30 J’ne 2 34 Jan 81 32 Feb
•29
32 Keokuk A Western.........
•29
32
•29
32
•29
32
•29
32
1 Aug
2 May 19 4% Aug 10
200
9% Kingston & Pembroke...
•4
4*
*4
9% •4
9*
4*
220 12%Mar 14 18%Feb 8 13 May
15 L ake Erie & Western —
•14
15
15
•14% 15% 14% 14% 15
§15% 15% •14
Do
pref.
1,705 60 Mar 14 70% Feb 8 58%Apr
73* 73 * 73* 72
72% 72 72%
71% 71% 72% 73% 73
245 170%Jan 4 198 Aug 4 152 Jan
196 190 Lake Sh. A Mich. South...
•190 ........ 190 200
198 106 •194
•194 200
Convert, ctfs. of deposit.
180%Apr 19 190 May 27
1,400 40 Jan 20 59% Aug 10 88 Dec 55 Jan
•55
60 Long Island.....................
§51
52
•56
62
59% 50% •50
55
59
00
54% 55% 55% 50% 54* 55* 55% 50% 50% 50% 54% 50% Louisville & Nashville... 55,890 44 Apr 21 00%Jan 31 40%Apr 63%Sep
107%108
107% 108V 100%107% 105%107
105 100% 103% 105 \ I"anhattan Elev., consol 00,405 91 Mar 26 120%Jan 14 81%May 113 Sep
6,823 125%Mar 20 171% Feb 14 99%Oct l33%Deo
15S 158
158 159
157)1 158* 158% 159% 158% 159% 157% 158% **i-etropolitan Street.. . .
0 Aug 9%J’ly
4%J’ne 15 6%.Ian 8
•5
5% Mexican Central..............
•5
*4% 5%
*5
5%
5
*
•4*
5
*
2% Aug
1 Nov
’
”
•%
.....
Mexican
Nat’l
.tr.
rects..
1 Feb 10 l%May 2
*% 1
l
*% 1
*% 1
•*
43>* 99% Mar 12 114%Feb 8 90 Jan lll% Sep
•108% 108% 109 109 •109 110
100 109
108%108% §108% 108% Michigan Central..............
50 24 Mar 11 30%Feb 15 10 May 31%Sep
•28% 29%
•28% 29% •28% 29% Mihneapolis & St. Louis...
29
•28* 29* *28
Do
1st pref
310 84 May 14 91 J’ne 27 77%Mar 90 Sep
89% 89%
•89% 90
*80% 90* •80% 90% §89% 90
Do
2d pref,
2,250 40 Mar 26 03 J’ne 8 40 Feb 62%Sep
01
01
59% 59%
§60
60
60
01
61
01
0 Deo
0 Dec
6%Mar 11 7 Mar 11
•0 ........ Minn. St. P. & S. S. Marie
•0 ........
•6
•0
*0
*0 ........
1,020 10 Apr 13 14%Jan 26 10 Apr 16%Sep
12 Mo. Kansas A T exas......
11% H% •11% 11% i i * i i * *11% 12
11% H% 12
Do
pref. 21,030 289£Mar 12 41 Jan 28 24%Apr 42 Sep
35% 35% 35% 35% 35 * 30* 30
30% 30% 37% 30% 37 Missouri
Pacific.
52,000 22 Mar 12 38% Aug 11 10 May 40%Sep
30% 37% 37% 38
37* 38* 37% 38% 37% 38% 37% 37%
400 24%Apr 19 82%Feb 7 18 J’ne 32 Aug
27
27
28
27% 27% 28
•27* 20* •27% 28% •27% 28%' Mobile A Ohio..
200 §107%Jan 4 §175 Jan 14 102%J’ne 173%Deo
•173 175
173 175 •173 17 5 •174 174 ♦170% 175 *■170% 175 Morris A Essex.,
ash.
Chat.
A
St.
Louis..
60 J’ne 1 60 J’ne 1 70 Jan 85 Sep
•00
75
•00
5
75
N Y. Central A Hudson.. 28,331 105
Mar 20 120%Aug 8 92%Feb 115%Sep
119% 120
119 120% 119%120
119% 120* 119% 120% 119% 120
1,100 1l%Mar 14 15%Jan 31 11 Feb 17%Sep
14
14 N. Y. Chicago & St. Louis.
•13
14
14
14
13% 13% •13
12* 12* •13
120
73
Feb
19 70 Jan 31 07%Apr 81%3ep
Do
1st
pref.
•00
80
•00
80
•00
78
•00
76
76
•05
80
80
Do
2d pref.
400 28 Mar 25 40%Jan 29 24 Feb 43%3ep
*35% 37%
•37
38
•30
•36
37
30 * 30* *30% 37
38
New York A Harlem........
§320 Jan 5 §350 J’ly 19 295 Feb 325 Deo
N. Y. Lack. A Western....
§120 Apr 20 §123% Feb 10 119 Jan 122 Mar
250 §178%Jan 7 §195%Feb 2 100 Feb 185%S$p
•190 192 ■100 192 *190 192 §194 195 §195% 195% 194 197 N. Y. New Haven & Hart.
N.
Y.
Ontario
A
Western..
13%Apr 25 18%Feb 2 12%Apr 20%Sep
12,964
15%
15%
15% 15% 15% 10
15%
16%
15%
10
13*
15*
05 Jan 28 05 Jan 28
•00
00 Norfolk A Southern.........
•00
00
•00
00
*00
06
•00
00
•00
00
9 Apr 17%Sep
110 11% Apr 21 17 Feb 7
*14% 10 Norfolk & Western...........
15
15
•14% 10
•14* 16
Do
pref. 11,422 42% Mar 12 56%Feb 7 22%May 48%DeO
55% 55% 51% 55%
54% 55%
51% .-j*
55
55
11
Apr 82%DeO
34%
Aug
12
Nor.
Pac.
Ry„
vot.
tr.
ctfs.
19
Feb
24
153,994
34%
32
33% 33
30% 31
32
3 0 * 3 l % 31
Do
pref. 55,843 50%Mar 12 74% Aug 8 32%Jan 6l%Deo
73% 73%
73% 74
73% 74% 74%
7 3 * 74* x 73 * 73 *
5% Nov 8% Deo
7 Mar 5
maha
A
St.
Louis.........
7
Mar
5
O r. R R. &N.Co. vot. tr. cf s. 2,500 35%Jau 7 54%Feb 1 10 Apr 41 Sep
53%
53% 53
53
52
52% 52% 53
53
53
53% 52
Do pref., vot. tr. ctfs.
2 494 05%Mar 29 74% Aug 11 37%Jao 73%Sep
74
74% •73% 75
73% 74
74
74
72% 72% 73
73
Oregon
Short Line..... ...
19%Jan 3 33% Feb 17 17%J’ly 23% Aug
*29
31
♦29% 31
•29
•28
31
31
31
•28
31 1 *29
§ Less than 100 shares.
t Ex dividend and rights.
* These are bid and asked prices; no sales on this day.

•190 220 •190 220
§10% 10%
•10
11
$35% 37% 37% 38
13% 13% 13% 13%
35% 35% 35% 35%
17
515% 15% 17
6% 6% *0
0%
105 108
*105 108
59% 00% «0% 01%
•27
29
•27
29
§00% 00%
*06
08
•75 ........
•75 ....
84
•83
84% •83
53% 54% 54% 54%

*190 220
*10
12
37% 37%
13% 13V,
34* 3a*
17
*15
*0
7
♦105 103
59* 01*
*27
20
*60
07
*75
83
83 k
5m 54%

•190 220
•10
12
38
38%
13* 14*
35
36 k
10
16
•3% 7
*103 108
01% 63
29
*27
♦06
07
•75
*82% 83*
54% 54*

OUTSIDE SECURITIES
Bid. Ask.
Street R a ilw a y .
NEW YORK CJTY.
Bleeck 8t A Ful F—Stock.
32
34
1st mort 7s 1900... J&J 101 104
B'way A 7th Ave—Stock. 210 220
1st mort 5s 1904...JAD $105 106
2d mort 5s 1914......J&J $110 112
Con 5s 1943—See Stock Exch 1 1st.
B’waySarf 1st 5s gu. 192 4 115 117
2d 5s i as rental. 1905 $104 105*
Central Crosstown—Stock 255
1st M 0s 1922...... MAN m « *
C*a Pk N A R Riv—Stock 180
Consol 7s 1902......JfcD $109 i i i %

(G

190 220
*10
12
*37% 38%
14
14%
35% 35%
*10
17
*0% 7
*105 108
02% 04
*27
29
•00
07
*75 ....
84% 84%
84% 85
54
54% 53% 53%

*10
37%
14%
35%
§L0%
0%
105
02%
*27
♦00

iv e

*

12
37%
14%
30%
10%
0%
103
04%
29
07

at

foot

of

S tr e e t Itallw nvw . | Bid.
i Christ’ p’r A 10th St^StocK 150
I 1st mort 1898......A AO 100%
j Col A 9th Ave 5&-See Stock Excn i
. D D E B A B att’y—Stock.. 170
1st gold 5s 1932...JAD 3115H
Scrip 5s 1915........FAA 101
I Eighth Avenue—Stock... 820
Scripts 1914................ 108
142d A Gr St Fer—Stock... 340
58
42d St Man A St N Ave..
1st mort 0s 1910..MAS 113
2d Income 0s 1015.JAJ 90
I Lex AvA Pav F 5s-See Stb

7

IP t-

c o n se c u t iv e

p a g e s ) .— S T R E E T

Street Itailwnyw.
Bid. Ask.
Ask.
Metropolitan—See Stock Exch 1 1st.
100
103% Ninth Avenue—Stock__ 170 180
Second Avenue—Stock... 178 181
1st.
1st mort 5s 1909. .MAN $107 109
190
Debenture 5s 1909.JAJ $105 108
116%
Consol. 5s, 1048...FAA 114* 115*
102
Sixth Avenue—Stock...... 200 225
So Fer 1st 5s 1919..AAO $113% 114
Third Avenue—See Stock Exch. list.
02
1st mort 5s 1037...JAJ 123 125
28th A 29th Sts 1st 5s. .’96 $110 112
110
Twenty-Third St—Stock. 330
95
Deb 5s 1900...........JAJ 103 MM.)
1st.

R A I L W A Y S , <£o.

Bid. Ask.
S treet R a ilw a y s.
Union Railway—Stock.. 175 200
114
$112%
1st 5s 1942........... FAA
Westchest 1st 5s ’43.. J AJ $109
BROOKLYN.
Atlan. Ave., B’klyn—
1st 5s 1909........... AAO $107
Con 5s g 1931.......AAO $108
Im pt5sg 1934...... J&J 95
B. B. &W.E. 5s 1033. AAO 90
Brooklyn City—Stock.... 213* 215
Consol 5s 1941.......J&J 1x4 117
RklynCrosstn5sl908. J AJ 105

THE CHRONICLE.—STOCK PRICES (2 pages) P a g e 2.

306

8 TQCK 8 —HIGHEST A S D LOWEST BALE PRICES.

S aturday,
A tig. 6.

Holiday,
Aug. $

Tuetday,
A uy. 0.

Wednesday Thursday,
Aug. 10. Aug. 11.

Friday,
A ug 12.

63H
5
7M
20«
83M
*
•12%
13
■P4 •2
*5

*»»
oafs
!>%
7%
zy?i :
93*
I'M
13
2M
6

25M 25M
OSM OSH
BM
m
m
‘1H
20)4 20U
03M 93)4
§2
IH
13
§13
§13%
SM 2M *2
*5
8
*5
m i
02%
m
7«
20
f)3M

25% 2574
UlM 6874
CM
4%
5754
7%
20)4 20
03M 93)4
2
*1H
13
*12%
*2

100 §106 100 §10354 106 §106 100
«7% 2 7 « 2 ? « 28M 27M 23M 2?M 2774
8 2 « 8 2 « 82% 82M S3M 82
«3 4
*2u
30
30
*25
30
30
*25
•1S5 140 1130 137 *133 130 *132 138
29?rf 29% 29% som 30
-2V«
B0
■^9
S 5 « SIM S3 H
SOM 83% 84
14% n «
13^ 14
ISM i m
13% 14
s;>H 3iM ssm 38
'3$
8034 3S
38
39
3»M S 9« •S7M S«M S7M 88
89% 80M 90
90
■m
SOM SO
«0M
138H 180% 139% 140% 137 139% 137% 139%
114% 114% 114% 114% U4M U4>.<
iitw
•95
97
98% 90% 90% •05M 00M §90
127^: 127% 127 N 12»56 128%129% 123% 129%
130 L32 *129 132
112?% 129% 131 131
99
9S
«8
0SJ4 08)4 ♦98
4
4%
2%
4
SM 3J4
127%127% §120% 127
127
L37
127% 127%
■12%
ISM 13
*12M 13
H
•M
•M
M
•1% ‘2% •1% 2%
21
2214 23M 22M 22%
»m
55
5
oM
bM *4
105* 5.99
190 199
199 200
199% 201%
•38
40
40
33
*38
•S3
38
39
§92
92
'A2
*90
92
*9h
92
*40
-*40
*40
*40
60
S 8 « 6t% *57M 60 , 58M 59
00
......
. ___ _
•ISO 135
132% 182% *131 133
•"'22
40% SOM 40M S9J4 41
40% 41H
AOH *094 40
-35
a.j
25M SoM 25-54 som 25M 26)4 26)4 27M
*54
•52
♦52
*54
*52
62
S58
58
02M 02M 84)4 64M 65M
59«
S3i4 54
6 3 « 54
54
04-W 5SM 5374 53% 54
96
•94
90
96
*95
90
*95
90
«flM ♦95
*3
*8
0
6
*3
0
*3
0
*3
6
52
•45
52
*45
•45
53
♦45
52
*45
52
V4H
23 0X
38M
3109%
*0
•70
•16
•37
m
•4
•325
100%
a s iM
•IN
*5
■mu
*5
n 44
m
«SJ4
40
^8%
•118
&3%

T w in City R apid T r a n s it ..

20kf [ T a l o n P a cific B y .............
...p r e f .
63)4 vJ D o
4^ Dn, P ac. D en. & G ., tr. rec.
7H ^ y n b o s h .
S"M
Do
p re f.
93)4 W est C hicago S tre e t.........
2 W h eel. & I>. E., S 2 a s s ’t p d .
13
Do
p re f. $3 do
27.1 W iscon. Cent., v o t. tr.ctfs .
8
Do
p ref.
do
V K s c c lla n ’ s S t o c k s .
A dams E x p re ss.................
*103 106 *103 100
2 7)4 28% 27)4 28% fjtn ie r ic a n C otton O il___
Do
p re f.
82M 88% 8374 83%
30 Am erican D istrict T e l . . . .
*25
*25
40
§131% 136 §133 133 Am erican E x p re ss.. . . . . . . .
SUM 80& 3074 80% American M a ltin g ............
Do
p r e f.
85% 8
84% 86
ISM 13% ISM IS 71 A m erican Spirits M fg ........
38
3S
*36)-$ 38
Do
p ref.
38
39
88% 38% A m erican Steel & W i r e . ..
92% 92% 92
92%
Do
p rof.
138% 140% 138 13971 A m erican Sugar R e fin in g .
114% 11-1% 114% 114-%
Do
p r e f.
97 A m erican T eleg. & C a b le ..
*95% 97M 97
129%131% 130%131U A m erican T o b a c c o ........... .
1130% 130% 129 129
Do
p r e f.
Do
divid en d scrip.
0874 9874 98% 99
ay State G a s ...................
3% 8U
3% S'M
127% 127% 128K 188)4 B rooklyn U nion G a s ........
12
12)4 12% 12M Bruusw. D o ck & C. Im pvt.
olora do Coal & I. B e v e l.
•H
M
2 14 C D o
p re f.
*1% 2%
2S)I 24
*23
24' C olorado Fuel & I r o n ,___ _
*4% 5% *4U 6*4 Cob & H ock . Coal & I r o n . .
199 20074 1989£ 1989s C onsolidated G as (N . Y .).,
39
89M 3974 3974 C onsolidated I c e . .................
*89
92
Do
pref.
81% *90
*40
C onsolidation C o a l........... .
*40
*57
00 D etroit G a s . . . . . ...................

25)4 25)4
83)4 63i>8
oM
'm
Sow 20 &
94
9!’.M
2
ISM ♦12%
2 >4
8

34,771
85,1301
0,910
1.200
10,42
1,000
, 1,683
135
50u

27 38 A u g l l
5 91 J ’ n e 28
0 i 6 0 %J *ne 27
12 la O ftF e b 7
2 % May 88
7
5% Feb 11
88
5 47% May 2
28 7 1 Feb
25 172% JT v 13
7 J ’ ne 17
11
20 23$6Jau 6
12 5 1% Feb 3
29 Jan 6
5185%8'Ty 27
89)4 A u g 5
08% A u g 1
1123 Jan
4
8% F eb 11
63 J ’ ne 11
23% .1'ne 11
8*%J’ne 8
6 0 % Aug 6
82% A u g 12
6% A u g 10
12% Aug 1 1
27 A u g 11
90 A u g 3
103 A u g 4
22 J a n 1 2
9% F e b 10
83%Aug 12
13% A u g 10
194% F eb 18
ilo
F eb 10
540 F eb 10
20 A p r 4
20% A u g 12
61% A u g 11
10% Feb 18
7% Jan 12
20% Aug 11
10 2% Jan 8
3% Jan 11
16 J a n 12
3% Jan 17
0 J’ ly 12

4,770
3,131

37 J ’lv 7
S S ftJ ’ly 29

4 3% J’ ly
02% JT y

154

78

M ar 14 100

S tr e e t R a ilw a y * .
Bid
B ’klyn Kiev, all atm tii pd. 24
BktuHgts 1«t 5« 1941A AO 103
53Q.nBCn.A8.—1»L Ss.lflil 5109
JJkJyn Rnp.Tran.—See Sto ok Ex.
SJal.Cem Gr.AB’kynlat 6e 110
CJoney Island &. Brooksvn.
1st 5s 3904............ J&J 1033
5s cert Is Sndbtl9.10.JAJ 101
3 ’k C.&NeiV 5s ’39.JAJ $112
i3r.8t.ANew l st5s’O0A&O 104
G’p t <StIyyrimer St. lst^s. 110
fClngs Co. Ele vat.—Stock
8
Bonds—See Stock Exch. List.

M A pr
2 J ’ne
17 M ar
4% J ’ly
0,794 107 M ar
010 27% M ar
15 8 3 % A p r

4,045
1U

E

L

U

S Less than 100 shares.

A«k. I S tre e t R a ilw a y s .
25 1Nunsau Eiec5» 1944. A&0
105 |NowWinb’gAFJlstex.4%3
MJUM NT& Qua Co 5h1940, AAO
List
8telnwayltit0al922.J&J

150 May1172%Aug

4 ft Aug 12 Sep
16% A p r 29% Sep
38% Apr 5 7ft Sep
22% Apr 85% Sep
175 O ct 185 Jau
14M J’ne 25% Sep
25 M ay 01% I)eo
116 M ar 122% D eo
9% Sep
3 7% J ’ne 5 4 % D ec
10% JTy 20% Sep
9 Aug
4 Apr
5»HDee
37 Jan
12 A pr 2 7% D ec
7 Aug
1 Apr
3% A p r I4 % 8 e p
80 Sep
20 Jan
8 7 % O ct
7 2 % J ’ly
114 J au 125 A u g
23% Sep
13% Jan
7 A p r l2 % S ep
22% A pr 38% Sep
8 A p r 15 A u g
140 May- 173 D ec
26% O ct
20 Sep
9% D ec

14%Deo

1 Apr
4 ftM a r

llftSep
9%Sep
24ftSep
112 Aug
0%Jan
29 Jan
4ftAug
8 Sep

11% Apr

100% Nov
% J ’ ue
2$£Apr

1

0

J ’ne
Sep

0
9

Aug

2

17,545
5%.Jau 23
2% M ar 21
1,035 100 M ar 26 128% A u g 12
2,200
9 J ’n e 8 14 J ’n e 6

Q
S

at foot of

883

143,072 lU7% M ur 20 145% J ’n e 0 109% M ar 159%Sep
1,215 103 M ar 25 110 Jan 6 100% Jan 121%Sep
300 888 M ar 20 197 A u g lt> 8 5% Jan 94 J’ne
47,96 83 % Jan 24 131% A u g 12 67% Feb 90ftAug
310 ll2 % M a r 11 132 A u g 8 100 F eb 115 Aug

P

* Theyij are bid anil asked prices; no sales on this day.

103% Jau 119 Bap
% J ’ne
5 Apr
11% Mar 39%Deo
4 4% J 'n e 70% O ct

100 *9 7% A p r 20 1180 F eb 10 147% F eb 105 Oct
9,730 15% M ar 25 2 8% A u g 4
9% M ay 20%Sep
4,410 6 0 M ar 14 84 A u g 3
5 2% Feb 80%Sep
2 1 % D ec 27 JTy
22 M ay 13 2 4% J ’ ne 80
8110 Jan 5 140 J ’ ly 20 109% Jan 119%N’ 0V
13,350 24 JT y 8 3 0 % A u g 12
14.013 7 6 % J ’ly 5 8 0% A u g 12
12,051
6% N ov 15%Aug
6 % Jan 20 15% J ’n e 9
2,883 1G M ar 20 40% J ’n e 27 15 D e c 36 Aug

% Jan 28
2% A p r S
12 26% Jan 11
7% Jan 13
25
20 2 0 5 % J’ n e 9
25 42% JTy 21
28 91 Feb 15
40 May 17 §45 F e b 14
500 45 Apr 20 0 3 % 1 ’ ly 5
OlftMay 20 60 M ar 11
astern E le v a to r ........... .
119 A p r 8 135 J a u 20
dison Elect, 111. (N . Y . ) .
*131 183
106%.J’n e 17 1 22 % J’lv IS
Edison E lect, 111. ( B ’k ly n ),
20,540 29% M ar 12 4 1 % A u g 11
ib% 41)4 G enera lE lectric
5,373 l o f t A p r 22 36% F eb 15
26 jg a w a n a u Com . & Sugar.
25
, B. Ciaflin Co
18 7 % J ’n e 2u 02% F eb 10
43 A p r 2 50 M ay 21
*52
H om estak e M in in g ...........
6274 64M Illinois S te e l............. ............ 11,254 4 4 % A p r 25 05% A u g 1 1
5,C o- 37% Mar 25 54% A u g 9
aclede G as (St. L o u is ) .
5374 63)1
200 85 M ar 12 9 0 % A u g 8
96
Do
pref.
*95
5% Jan 24
4 Jan 20
♦3
6 Y 'f anhattan B ea ch C o .. . .
45 M ar 28 §5 3 J ’ ne 10
52 ^M aryland Coal, p r e f .. . . .
*45
140 M ar 9 l4 5 % F e b 1 0
M ergeutbaler L in oty p e. ..
554 Jan 20 §54 Jan 29
M ichigan P eu ln. Car, p ref.
5,386 57 Jan 20 78 A u g l l
75M *74% 7SM 76M 77M 77
78
7774 17% M innesota I r o n ....................
74^' 74
8,430 30 % A u g 1 33% Aug 11
8 im SJH SIM SIM 3IJ< 32)4 S2M 38M 3274 SUM R a t i o n a l B iscu it
1,240 9 4% A u g 1 9 9 % A u g 9
§98
98
0SM 99 M 99
99
9 J.
98% 98%
p re f.
§99
7,24 1 26% M ar 20 3 8% A u g 1
37
3 0 « 37?S 36M 87M .36% 3?M 36% 37M 37% 37% N ational L e a d ........
059 09 A p r 22 112 % Aug 12
109% UOM a o % 110% 110% 111 111 ♦111 113
11274 11274
Do
p r e f.
943
4 J 'ly 26 2 l% M a y 23
6M «K
7
*7% 8M N ational L in seed O il.. . . . .
8
8
6*
■7%
7J4 7%
400
5 A p r 25
9 F e b 10
««
7
*6M 7
f'M *«M 7
7% *674 8 N ational S ta rch ....... ...........
100 00 M ar 25 80 Jan 18
*70
83
83
83
*70
83
♦73
Do
1st pref.
*70
73
83
330 15 J ’ne 29 30 Jan 27
30
*10
30
*16
30
Do
2d pref.
*10
27
30
30
25
*20
42
*35
42
42
41 A u g 4 4 1 A u g 4
•35
*35
42
*35
42 N ew Cent.Coal (new stock )
42
*35
75«
07M 73 «
72M 73
63% 60)4 e s « 69)4 69
7174 N. Y. A ir B rak e................... 13,240 14 A p r 5 7 5% A u g 6
4,700 4% Jan 15
7% JTy 7
7
OH
m
674
0'4
m
6«
«M 0% N orth A m erican C o ........ ..
*4.
3% Jan 4
5
*4
4 J 'n e l l
5
5
*4
5 O ntario Silver.
5
*4
5
33%
A u g 11
31%
21
A
p
r
21
32
acific
M
all...................
1
17,933
82)4
82}
{
3371
s m S 2« 32
S2M
33M
'
• C
- o a’ l.......... 1
1825 M ar 28 5350 F eb 25
•340 ..... . *340
•340
- .ennsylvanta
*340
*340
8 5 % Mar 26 l04% M u y 31
100% 100« 1 0 t« 100% 103% 102% 103% 101)4 108m xi00%10l-%
165 Mar 12 410 JTy 5
i 8 i « ^192 192
190 190M 190 190
190% 190%
189 190
200
2 % Jan
1% Aug 10
uicksilver M in in g .........
1% 2
*1K
*1M
(
8
*0
8
*5
5 J 'n e 2
8
*5% 8
6% J ’n e 18
Do
pref.
*5 %
5SM •ESM SUM •58M 6«M *08% COM •58% 69M ♦58M 6974 ilver B u llion C ertlfioV s. 10,000 5 0 % A p r 4 5 9 % A ug- 0
15
144
7 M ay 23
8 % Jan 8
tandurd R op e &■ T w in e .'
6
5% 5H *5
EM •3M 0
*5M 5%
S6J4 26 % 27
26% 27
SOM 88 *
27M 28M 27M 2874 rP e n n . Coal Iron & R R . . . 28,702 17 M ar 12 28% Jan 11
7 ft J 'n e b
L exas Pacific L a n d Trust
5 M ay 27
44
§43
*•10
44
43
182 88 A p r 14 45 F e b , 9
§48
nited States Express »,'
44
44
*41
4i
Hi
8
8% M ay 2
5 % A p r 25
n ite d S ta te s L ea th er '.A 23,0 45
8
SM
7M
*7% 7%
JM
»u
m
7% 8
8S4* 68
7 0 « 70M 72M 71
5 3m Ma r 26 7 2% A u g 9
Do
pref. 1115,194
72
09% 71% 09H v m
42
4 0 « 42
42
4 1% 42% 41% 43 % U nited States R u b b e r ........' 50,997 14% Mar 12 4 3% Aug 12
I P 4IM 40
Do
_
p r e f. 11,801 60 M ar 12 100% A u g 2
99% 08% 80W O^M W0M 99
HUM 98% 99 M 99 100M
120 *119
•1!0
S112%May = 124 J ’ ne 2
•119
ells, F a rgo & Co
*119
*119
94
04.^1 DSTi 9*M 94
estern U nion T e lo g ’ h.I 82,955 82%.vLxr 26 95 J ’ ne 24
am
9i% 9354 9174 9374 91

OUTSIDE SECURITIES (G iven

LXV11,

Range fo r preSalts ' Pdngt fa r near 1898.
o f the ; On basisof /oo-sh'rc lots lion s year (1897).
STOCKS.
Week.
N. Y. STOCK EXOH. Shares | Lowest.
Lowest. Highest.
Highest.

S5% 86
S5M 87
s e « S7M SOM 37
374* 38 " p a c ific Coast C o .............
37% 88
0.450! 8 4 ft J ’ne
*8 4
84
*84
S3
8S
68
§83
•65
183% 84
83
*- Do is ! p r o f......... .
00 84 A u g
59
58
.$55% 5!9«
58
58
58
57
Do 2d prof............
000 t 55% A u g
57% 57% 57
11S
118%
119
119%
llT T i U 7ii
18,832 LI Oft M at
n s S 119% 110 119% 116% U8W P e n n s y lv a n ia ....................
1H, •l
-•1
1% *1
1M *1
l.M *1
1% P o o . D eca tu r & E vauav.
ijd n n
l-M •1
0
6
•3
-*3
6
*4% 6
100
*3% 0
1 Feb
4*4 Peoria & East e r a .............
44% 41
•SUt 4 1^ 4 1% UM 44% 44% 4 4H *42vft 45 Plttab. Clin Clilc. & St. I,
1,950 8 8% Jan
60
00
H5% OEM OEM MM 00
60
1,493 57 M ar
06
Do
pni
00% 00
*171
•172
*172
•171*
*172
1168 F eb
Pitta. Ft. W . & C h .,gu u r
♦5
8
8
8
•»
*6
8
7 Plttab. .v W est., p r o f . . ..
*6
8
B ftJ'no
its*. 1S« 18% 18% ISM 18% 18% 18% 16% 18
318
18%
8,920 1516,Mar
eading, v o tin g tr. etfs
R
43
43%
43
42K
42% 43
1,790 30 M ar
4.')H -12H
42% 48% 4 2% 4J
1st prof., vot, tr. ctfa
am
21)4 SIM 21% 21 % 21|% 21 % 21H 2d pref., v o tin g tr. ctfs,
1,054
*u< 81^
•ISO
■•ISO
*180
*180
•180
•160
Rensselaer A S a ra to g a ..
30
295d •29
*80*0
SOM 2»H sum •28M 20% *28
SUM Rio G rande & W e s t e r n ,,
07% 07% •67% 68% 08% «SM •«7M 6SM US14
55'
Do
pref.
•123
•122
*123
♦122%
R om e W atertow n & O g d ..
*122%
•7% 8
•6
7%
8
18
•0% 7%
“ iTo
8
*6% 7% Q t . J. & G. Isl., v o t. tr. ets.
59% 6OH 01
850
•59
01
*59
*58
00 O D o
1st p rol .
01
•57.M" 01
20
20
sum *18% 20
**10% 20% 20
*18% 20
20
20
Do
2d p rof. 500
8
4,178
7«
7rK 7*\
7«
7H 7%
m
7% 8
■
SH St. L. & S. Fr., v o t. tr. c tfs
'H
60% #8M 00
*65
60
65
00
06
Do
1st pref.2,031
00% 60% 00
9,405
SIM 31% 8 i x 3-->m
Do
2d p re f,
s o w son 30% 30^ SOM aoj. ao)4 31
0
6
8
1,255
0
0 S t,L o u is S o u th w e s te rn ...
554 0
•m
6% •5)4 0%
12
12%; 12% 12% ism 12%
5,441
W 4 12% » 1 1U4 ISM 12
Dfi
pref
24
20% 25M S5M •25
1,310
28 St, Paul & D u lu th ...............
*25
2~m SUM 2 7
95
200
Do
p ro!.
169 102
1,250
’•CL62 183
101 101
162 102
102% 163 *161 103 St. Paul M inn. & M a n ........
8,000
21% SIM siM 21% 22
«o % 20% 21
21% SIM SIM 23 Southern P a cific C o ...........
9
6.510
9
•8H
9
sy,
9% Southern, v o tin g tr. c t fa ..
8% 9
JH
BJ4 874
33% S 3« 33
33
so)* 33
D o pref., v o t. tr. ctfs . 35,715
SSM 33% 83!i4 33
IS
1 2 * ISJt 1*54 ISM ISM
ISM 13M ism
1274 IS 4 ' T e x a s & P a cific................. 14,5^
155
•175 ISO •175 178 •175 180
179 179 1179 179
1 bird A v e n u e (N . T . ) . . . .
20
20 *
20 *
20 *__
2u T o le d o & O hio Central —
- — 20
*20
40
40
40
♦20
*20
40
40
40
*20
*20
Do
p re f.
®o% 25H
83-?4
-3% 5W
796
20%
-m
«S H 93%

[V ql ,

* Ex dividend of 100 per cent In bonds.

3%Oct 16%Aug
85 Jan 137 Sep
2 Aug

ftJ’iy

5 Sep
2 O ct.
15 % J ’ ne 27%Sep
7ftAug
3% J ’ ne
136% Jan. 841%Sep
28 N ov 41ftJTy
80 J ’ne 90%JTy
85 F eb 87%May
20 Jan. 00 Nov
101ft Jan. 132%Sep
07 Feb 115% Aug
28%May 41^Sep
81%J’ly
35 Mar
29%Apr
22 May
70% Mar
4 Aug
40 JTy

101% Oct
45%'Deo
50 Aug
4 9%Aug
90 Aug
7 J’ne
52 Deo

42 May
88 Apr

Sep
Aug
I,

2r%Feb
88j|Fob
10 May
3 May
5 l%Mar
8% Apr

44 Sep
10 9% Sep
23%Aug
13 Aug
90 Sep
45 Aug

22 Deo
8J%Apr
3%Nov
24 Jan.
330 Dec
91 Nov
152 Jan.
1%.1’ne
8 Apr
51%Aug
2% Dec
17 May
6 Apr
37 Feb
6%May
50 A pr
10 J'ne
50 JTy
97 Jan.
?5j%May

81%Aug
0%Aug
10%Jan
39% Sep
340 Mar
97^Dec
185 Sep
4%Aug
13 Aug
05%Jan
1 i-BJan
35%Sep
9 Aug
48 JTy
1.0%A u g

7*2 Sep
2 5%Jan
'76j^Jan
20 Dec
90%Sep

1 Fewest is ex dividend.

7 consecutive pages) . — S i l l E E T R A I L W A Y S , Sc.

Bid. Ask. |l S tr e e t R a ilw a y s . | Bid.
02%
105 107%! i Cleveland City R y ........
101 1033 1 Cievel Cab-lst 5a'09.J&J §100
60
........1 Cleveland Electric Ry—
Cou 5s 1913......... MAS §103
<511-4 110%
49
|i Columbus (Ohio)—Stock.
Con 5s 1932...........J&J 10 l
195
OTHER CITIES.
103%, Bal t Conaol—Stock —See Balt L iat ; 1 CrossC w o-1at5a’33,1it D 100
Conaol Tract’u (N J )~Se-i Bhila
103 i BrlflK6pTr-lnt0»,23.,r&J $100 105
79 H S0% Lake 81 (Chic)Kiev-Stock
Buffalo Street. Ry—Stock.
100
ft*
1st conaol 5a 1031.F&A §111 112% j I s t 5 s l9 2 8 ............ J&J
Crosatown 5a 1932.71.tN §108% 110 j Louisv St Ry—5 p c bonds §113
34
SM i Chicago City RR—Stock.. 271
96
Freforred
.............
i Cltltens’ St (Itid’nap)-Nfr Phila list.

Bid. Aak.
Aak.
S tr e e t R a ilw a y s .
Love Elect. True (C hic'...
03
Lynn& Boa-1 at 3a 24.J AD H04M 105*‘
102
3
0 l ! Metrop West Side (Chic).
1st 5s 19 42......... F&A « ‘ 08" ’ 55
100
Mi uncap St Ry-5s’ 19.J&J
50
102 , New Orleans Tr—Com..., " ' i j i ” 2 “
8%
101% ! P r e f e r r e d ...............
75
Notes 0s 1904 ....M AN
list.
13%| North Chicago—Stock— 212 213
1st 5b 1900*16........J&J §L04 105
12
No Shore Tr (Bost)-Com.
78
76
3ft
§ Buyer pays accrued interc »fc.
100 1

THE CHRONICLE—BOND

1898.]

BONDS.
W.Y. STOCK EXCH AN G E
W eek E nding A ug . 12.

If

kron & Chic Jnc. See B&O.
A labama
Cent. See Sou Ry.

Price
Friday,
Aug. 12.
Bid.

Week's
Range or
L ast Sale.

Range
from
Jan. 1.

PRICES (5 pages) 1' a s e L
BONDS.

Ask. Low. S igh. No. Low. Sigh

N.Y. STOCK EXCH AN G E
W e e k E nding A u g . 12.

1Interest
Period.

August 13,

Price
F rida y,
A ug 12.

Week's
Range
Range or
from
Last Sale. I s
Jan. 1 .
Bid. Ask. Low. S igh. No. Lout. HiffJs,
31-S 89% Sale
87
89% 865 73* 39*£
31-8
J -J 104 ........
105
09 105W,
J -J * 9 1 * ........ 90 Aug'98
90
94A
J -J
95% May’98
95
99*,
3 f- S
3 1 -S i ‘02 ...... 1*03% J’iy ’98
97% 104
Al-N
113% Apr.’98
112* nsur.
F- A
108 J ne 98
107 111
M-N *........108% 107 J’ly ’98
107 107
A- O

Ches A Ohio—(Con.)—
Gen gold 4%s.............. 1992
Registered................ 1992
R A A Div 1st con g 4s.l989
2d con g 4s.............. 1989
Craig Valley 1st g 5s. .1940
87 Aug’98
81
87
Warm Spr Val 1st g 58.1941
95%
96
85
90
Eliz Lex A B S gu g 5s.l902
894$ Mar *98
89* 89% Chic A Alton sink fd 0s. 1903
72
73%
53* 73% Lou. & Mo Riv 1st 7s..1900
2d 7s......................... 1900
Miss Riv B 1st sf g 0s..1912
Chic Burl A Nor. See C B & Q.
Chic Burl & Q—Con 7s..1903 J - J 115 115% 115% Aug’98
98
99 X
Sinking fund 5s.......... 1901 A -O 104%........ 103* 104%
Debenture 5s.............. 1913 M-N 108% 109 107^ 109
Convertible 5s............. 1903 M- S *........116
114% 117
Iowa Div sink fd 5s.. .1919 A- O
109% Feb.’98
114
114%
100 118%
4 s..............................1919 A -O 102 103 102 A uk’9S
118%
118%
99 ........ 99% J’ne’ 98
80 118%, Denv Div 4s................ 1922 F -A
4 s.................................1921 M -S 100 ........ 100
100
111% Aug’98
95 113%
Chic A Iowa Div 5s.... 1905 F -A
113%
113
90 118% Nebraska Exten 4s.... 192 31-N 100% Sale 100% 106%
91 117%
116% 117%
Registered................ 1927 3I-N
97 May’98
116% 110%
103 116%
Han. A St. Jos con 0s..1911 31 -S
120 J’ne’ 98
97 110%
116% 110%
Chic Bur A Nor 1st 5s.l926 A - O 109% 111 n o * n o *
100
101
84. 101 CtaicAE 111—1st sf cur 03.1907 J - D ...... .117^ 114% J’ly ’98
Small...........................1907 J - D
1st con g 0s..................1934 A-O *123 ........ 122 Apr.’98
104% Aug’98 •
99 104%
General con 1st 5 s.... 1937 M-N *........107* 108
108
Registered..............193' M- N
106% J’ne’98
105
105
1 105 105
ChicAIndCRy 1st 5s. 1936 J - J
102% J’ly ’ 98
5 100 105 Chicago A Erie. See Erie.
105
105
107% J’ly ’98
105% 107% Chic Ind A Louisville—
102% 102% * 15 98% 103
Louisv N A A Ch 1st 0s..’ 10 J - J *109 ........ 115% J’ne’98
BAOSW Rycong4%s 1993 J - J
69 J’ne’ 97
Chic Ind A L ref g 5s.. 1947 •J - J
91
91
1st Inc g 5s ser A ... .2043 Novt
27% J’ne’ 98
27
27% Refunding g 0s............1947 J - J 105 i*06 105% Aug’98
9 J’ne’ 98
Series B.................... 2043 Dect
8
8* Chic Milwaukee A St Paul—
B 4 0 S W Ter Co gu g 5s.’42 M-N
1st 7s 2 gold R D........1902 J - J 1 4 8 * ....... 147
147
Ohio & Miss 1st con 4s. 1947 J - J 104% 105 105%Jan.’9Mj .... 105%105%
1st 7s £ gold R D .... 1902 J - J
122% JTy’98! ... 120%122%
2d consol 7s............1911 A - 0 .................
1st Iowa A D 7s.......... 1899 J - J 148%........ 145 J’iy ’ 98
1(17
10*71^1
lU
107%!
1st Spr’gfleld Dlv 7s. 1905 M- N
102%107%
1st C A M 7s................ 1903 J - J 1 4 8 * ........ 141 Apr.’98
1st general 5s........... 1932 J - D
Chic Mil A St P con 78.1905 J - J 149 Sale 149
149
Beech Creek. SfeN YC&H .
1st I A D Exten 7 s.... 1908 J - J 1 4 8 * ........ 148
148
Bel A Car. See St L A A T H. j
117
117
1st Southwest Div 0s. 1909 J - J
Boonev Bridge. See M K A T.
1st La Crosse A D 5s.. 1919 J - J
110 Mar’98
Bway A 7th Av. See Met S Ry.
1st So Minn Div 0s. ...1910 J - ,T 117% 120 120
120
Bklyn City 1st con 5s 1916-41 J - J ...... 114
1st Hast A D Div 7s.. 1910 J - J 127 129 129* 129*
112 J’ly *98
112 113
73! 79
5g...........>.........
1910 .T - J
Bklyn El Tr Cocf Istg6sl924 ....... ........ 93
91
P3
93
86
90
Tr Co Ctfs 2d g 5s...... 1915;........
86 J’ne’98 .... 80
Chic*A Pac Div 0 s * 1910 J - J ........120
80
118% J’ly ’98
e5
90
68 May’98
Chic A P W lstg 5s....1921 J - J 117% Sale nflsf 117%
08
68
70% Dec’97
Chic A Mo Riv Div os. 1926 J - J 114% Sale 114* 1 14*
3d lnstal pd.
107 Mar’98
Mineral Point Dlv 5s..1910 J - J
150 80
91% Sale
90%
92
112 Apr.’98
92% Chic A L Su Div g 5s.. 1921 J - J
Bklyn Rap Tr g 5s......... 1945 A -O 104% Sale 104
104% 00 91 104% Wis A Minn DVv g 5s.. 1921 J - J * 1 1 3 * ........ 114 J’ne’ 98
Bklyn A Montauk. See L Isl.
113 J’ly ’98
Terminal gold 5s........1914 J - J
127% Jan.’9s
Bruns A West ls tg 4a.. 1938 J - J
Far A Sou assu g 0s... 1924 J - J
Buff N Y A Erie. See Erie.
Cont sink lund 5s...... 1910
Buff R A P gen g 5s...... 1937 M -S 107% .
100% I06%i
104% 106%: Dak A Gt So g 5s........1916 J - J * i i i ii4% 114 J’ne’98
Debenture 0s............ 1947 J - J ........
106
Gen gold 4s series A .. 1989 J-J§ 105% 106% 106
Roch A Pitts lstg 0s..1921 F -A ........
105% Feb.’08
127 lffar’98
Registered..............
127 127
0-J5
Consol 1st 6s...........1922'J - D *124%
122 J’ly '98
Mil A No 1st M L 0s.. 1910 J - D ♦........ 120 120 Mar’98
122 123
Cl A Mab 1st gu g 5s.. 1943 J - J * !2 l
103 Apr’ 97j
1st consol 0s..............1913 J - D *J 20% 122 121 Aug’98
Buff A Southwest. Set Erie.
Chic A Northw—Con 7s.l915 O- F 141%....... 142% J’ly ’98
Buff A Susq 1st gold 5s.. 1913 A-O ........
Gold 7s........................1902 .1- D 111% 115 114% 114%
Registered.................. 1913 A -O . . . . . .
Registered................ 1902 T-D *....... 115
11 1 * 114*
Bur C R AN 1st 5s........1906 J - I) 100% 107 107
123
Sinking fund 0s.. 1879-1929 A-O 120* ........ 122
107
1 104% 109
Con 1st A col tr g 5s... 1931 A -O 107 .... ! 107 J’ly *08 ---- 100 109
115 J’ly ’98
Registered...... 1879-1929 A-O
Registered................1084!A -O ........
Sinking fund 5s. 1879-1929 A i r 107%........ 108 J’ly ’98
‘
M A St L 1st gu g 7s.. 1927 J - I ) ........
107% J’l y ’08
Registered...... 1879-1929 A-O
C R I F A N W 1st g 0s..’2O|A -O ! ........
Sinking fund deb 5s... 1933 31-N 118 126 116% J’ne’ 98
108 D ec’9
1st gold 5s...................1921 A- O,*l05%
117 Mar ’98
Registered................ 1933 31-N
105 Jan.’98
105 105
South 1st 5s... 1903-J.1 103
109 108% 109
110
./Canada___________________
25-year debenture 5s.. 1909 « N 109 ........ 109
107%111%
2d 5s........................1913 >1-8 *
109% Mar’98
110 J’ly ’98
Registered .r ........... 1909 M-N
105 111
Registered...................1918 >1- S
100 Jan.’97i
30-year debenture 5s.. 1921 A - () 116 Sale 115% 110
117% Feb.’98
CarbAShawn. Se«StL A ATII.
Registered.............1921 A -O
Carthage A Ad. See NYC A H.
100
Extension 4s----1880-1920 F- A 100* 107* 106
C R la F AN. See B C R A N .
103 J’ne’08
Registered...... 1880-1926 F- A
Central Ohio. See Balt A O.—
Gen gold 3%s.............. 1987 M-N 103 Sale 102* 103
Cen RR A Bkg Co of Ga.—
Registered................1987
107% May’98
Collateral gold 5s........1937 >t-N ................... 92%J’ne’ 9 8 . . .
Escan A L Sup 1st 0s.. 1901 J - J
87
93%
........
Centof Ga Ry—lstg5s.. 1945:F-Ai 115 ........ I1 4 % j’ne’ 93
Des Mo A Minn 1st 7s. 1907 V- A
; 114 119%
Registered.............. 1945 F-At
Iowa Midland 1st 8s. ..1900
Consol gold 5s.............1945 M-N
90% Sale
00
90% 346 | 34% 92% Winona A St Pet 2d 7s. 1907
Registered.............. 1945 M-N
117 Jan.’98
Mil A Mad 1st 0s........1905 M- S
109 Mar’98
1st pref Income g 5s. ..1945 Oct.t 42% Sale 42
43
1 30
44% O ttC F A S tP 1st 5s..1909 31-8
105 Apr.’98
2d pref Income g 5s.... 1945 Oct.X 14 Sale
12%
14
10% 15% North Illinois 1st 5s... 1910 31-S
3d pref Income g 5s. ...1945 Oct.*
0
! 4% 8%i Mil L 8 A W lstg 0 s..1921 31-N 1 3 5 * ........ 135* 135%
5% 0%
M AN Dlv ls tg 5s... .1946 J - J •........ 91
Jan.’98
Convertible deb 5s. .1907
! 92
92 l
Mobile Dlv ls tg 5s....1946 J - J
Ext A Imp s f g 5s...1929 F -A *114%........ 113% J’ne’98
95% 99
J’ly ’98
Mid Ga A Atl Dlv 5 s..1947 J - J
Mich Dlv 1st gold 0s.l £24, J - J *130%........ 134 Mar’ 98
Cent of N J—1st con 7s. 1899 Q-Jt 102% .
Ashland Dlv lstg 0sl92c> 31-S *130%........ 133 May’98
103
103
■V103 104%
112 Apr.’98
1st convertible 7s...... 1902 M-N
Incomes................... 1911 31-N
113% Dec’97
Convertible deb 6s. ...1908:M-N
Chic
Rock I A Pac 0s....1917 J - J i30 Sale 129% JTy’ 98
110%
112%
112% J’ly ’98
130
General gold 5s...........1987.J - J.> 114 Sale 114
Registered ..........1 9 1 7 J - J 127 130 130
114
109% 115
Registered................ 1987r o~-JJt
t 112%114 112% Au*V
108% 114% Debenture 5s...............1921 M -S *107%....... 107 J’ly ’9S
Registered...............1921
Leh A WB C oonas 7s. 1900)|Q-M
“|| 100% 101 100% i l l
: 99% 103%
General gold 4s.......... 1988 J - J 105 Sale 104% 105%
5s..............................19125_M- N , ...............
90
93
91 J’ly ’98
10474 105
Am Dock A Imp Co Ss.1921 J - J ........115
Registered................1988 J - J
115 J’ne’98
1,110 110
Des M A Ft D 1st 4 s..1905 J -J * 9 0 % ........ 94 Aug’98
N J South Int guar 6s.. 1899 J - J
70 Feb.’98
GentraS Pacific—
1st 2%s.....................1905 J -J
Extension 4s........... 1905
Speyer A Co ctfs dp A.1898
103 103
103 Feb.’98
107 J’ly ’98
Keok A Des M 1st 5s.. 1923 A -O
Speyer A Co ctfs BCD. 1899
103 103
103 Feb.’ 98
Apr’97
Ext g 5s series E........1898 J - J
Small...............................
101% 103%
102 J’ly ’ 98
Speyer A Co ctfs dep E. 1900
Chic A St L. See At T A S F.
Chio St L A N O. See III Cent.
Speyer A Co ctf FGHJ.l 901
San Joaquin Br g 6s. ..1900 __
102%105 Chic St L A Pitts. See Pa Co.
102% J’ne’98
A -O_
Chic St P M AO con 0s. .1930 J - D ........137% 135* 135*
Guaranteed g 5s.........1939 A - O
135
Ch St P A Min 1st 6 s..1918 31-N 135 Sale 134
Speyer A Co eng cts........!........
Nor Wisconsin 1st 6s..1930
Land grant gold 5s — 19001A- O
100%102
102 Mar ’98
J’ly
’98
131
C A O Dlv ext g 5s....1918 *J - Jl ................ 101 Jan.’ 98
St
P
AS
City
ls
tg
0s.
1919
A
O
101 101
88*
68% Sale 88
Chic Ter Transfer g 4s . .1947 J - J
Western Pacific g 0s.. 1899 J - J ................ 104 J’ne’98
101 104
Ch A West I 1st s f g 08.1919
No of Cal 1st gn g 0s. .1907 J - J ................
120
Guaranteed gold 5s. 1938 A -O 103% Sale 103% 103%
100 103% General gold 0s........... 1932 0- n *119 120 120
40
40 Chic A West Mich Ry 5s. 1921 J - D
Cent Wash 1st g 0s tr ctfs 1933 ....... ................
40 Feb.’98
Coupons off..................1921
Charles A Sav 1st g 7s.. 1936 J - J ................
119 Oct.’97
101%101% lln H A D con s f 7 s ....1905 A -O
Ches A O—P Mfd gs 0s. 1898 J - J
..... ..........101% Jan. 98
118 120% 2d gold 4%s................. 1937
Gold 0s senes A ......... 1908 A-Ot *119 122%, 110
J 'ly ’98
n o ' Aug’98
Cin D A I 1st gu g 5s.. 1941 |3I-N
115%120%
Gold 6s.........................1911 A-OT
..... 123 120% Aug’98
U St L A C. See C C C A St L.
111 117
1st cons g 5s................ 1939 >I-N115% Sale
115%
115%
113 114% Jin SAC. See C C C A St L.
Registered............... 1039 >I-Ni .................. Ill4 Feb.’98

Alabama Mid 1st gu g ... 1928 M-N 1
Albany & Susq. See D & H.
Allegheny Val. See Penn Co.
Am Dock & I. See Cen of N J.
87 % ......
Ann Arbor 1st g 4s........ 1995
95% Sale
Atch T & S Fe gen g 4s .1995
Registered................ 1993'
2% Sale
Adjustment g 4s........ 1995 Novt
Registered................ 1995 NovtI
Equip tr ser A g 5s....1902 J - J;
Chic & St Louis 1st 0S.1915 >I-S
Atl Av Bklyn imp g 5s.. 1934 J - J
Atlan & Danv 1st g 5s. .1950 J - J
Atlanta & Char. See Sou Ry. i
Austin & N W. See So. Pac. ;
Creek & S. See Mich Cen I
B at
alt & O 1st 6s Pkbg Br.’ 19 A - 0
Gold 5s............1885-1925 F -A
Coupons off...................... .........
Registered...... 1885 1925 F -A
Eng certf o f deposit................. 113% Sale
Consol gold 5s.............1988 F -A 117% Sale
Registered................1988 F -A ........
f J P M & Co ctfs of dep............ 116%
Balt B’lt 1st g 5s intgu. 1990 M-N *........
W V a & P l» t g 5 s ......1990 A -O ; ........
Monon Riv 1st gug 5s.l919 F -A ........
Cen Ohio R Istcg4% sl930 M -S 104
Col&CinM Istext4%sl939 J - J
I A k& C Jlstintgug5s. 1930 M-N 105 Sale
1 0 2 * ........
Pitts & Con 1st g 4s.. .1948 J - J

91

Jan.’98

91

91

30T

113% 118
103%107
104%109
104% 117
109% 109%
98 104
101* .
8 99 lo o
1 95% i0 f5 £
.... 97
97*
,,,. 119 123
1 105 110%-;.
1 1 4*110 *,
8
2«
172
....

122 130
3 101% 108%,
101 100%,
100%109
10
....

112
80
90

3 140

n 5*i
91
lo r * ,
147

.... 137% 145
140 144
i 138 149*
10 139%14S
5 116 119%.
110 110
3 114V] 121
1 128^ 130*
118 121
14 111 117*.
3 110%117
107 110
112 n s * .
.... 111 115%.
111 115
127% 127%,
109 114
b 102 107
104« 105W,
120 132%,
117 123
138 145
113 110%
18 112* 110* ,
15 i m 123
114 115
106 111%.
.... 107* 10 7*,
111 118*
117 119
2 107* n o * .
109% 109*.
33 13 2 110*
.... 117% 117%,
J 104 107
103 103
51 99 103
...

106 1075&
.... ..... •••••»
117
109
105
6 132%

117
109
105
137

113*
133
133
112
127%
5 128
104%

117I£.
134
135
113
132
131%.
1-08

687 102* 105*1
70 103* 105
85 . 94
.... 09* 70*,
103

109

1 126% 138
2 128
95

120 132%
79% 88%;

15 117% 122%
......

...... ..

107* 111*,

* No price Friday; these are latest bid and asked this week, t Bonds due July. XBonds due Nov. ||Bonds due June. 7 Bonds due Jau. § Bonds due May.

OUTSIDE SECURITIES (G iven

at foot ok

Bid.
Ask. j
G a s S e c a r lfle s .
West JCud —See Heston Exch
100
15
Worcester
(Mass)Tr-Com
81
94%
Preferred..................
11*1
98*
NEW YORK.
107%: Central Union Gas—
1st 5s 1927............ J&J «104%
00
Con Gas (NY)—Stock—N YStk
20
Deb 5s 1908......... MAN 108
100
Un’d TrAElec(Prov)-3t’k 00
04
1st 5s 1°33
...... MAS 5105 107 i 1st Os 1899...........FAA § ibi
West Chicago o t..............
Con. 5s 1932......... MAS {111
93% 94%
Oon 1930 ............MAN
1 Mutual Gas...................... 325

S irep t R n flw ay n .
Prov A Pawt'cfc-lBtSs '33
Rlohm Ry&Eleo-lst 5s’20
Rochester Ry..................
Con 5s 1930......... AAO
Scranton Traction....... 50
0S.................................
Bo Side El (Ohio)—Stock.
Twin City ft Tr—Com....

Bid.
5105
{ 78
9
96%
t 11%
106%
59
10

7 consecutive pages).— G A S S E C U R IT IE S ,

Bid. Ask»G as S ecu rities.
BROOKLYN.
ock
31
31% Brooklyn U» Gas—N Y St Exch.E xch.
1st con 5s—N Y Stock
75
76
1st consol 5s................. {102% 102% Williamsburg Gas—1st 0* §101% 102%.
OTHER CITIES.
N Y & East River Gas—
Baltimore Consolidat—Sf e Balt. List.
1st 58 1944.............J&J 110% 112
Bay State Gas—N Y Stock Exch.
Consol 5s 1945...... J&J 105 107
104%
Exch Nor Un­
Boston UnltedGa8 Bonds- -Bostn iLti"
iat 5sl927............ M&N
90
111
Buffalo City Gas—Stock.. 2? * 23%
Standard Gas—
1st 5s 1947...........A&O { 96* 00%.
142 145
102%
Burlington (Ia)Gas—Stck
156
161
Do p refem id .............
110
{And interest. tPrW ner «>■
1st 5s 19.30......... M&N {110 113
335

Ask.
1st.
17
90

G as S e c u r itie s.
New Amsterdam Gas—

Bid.

308

THE CHRONICLE. —BOND
F rtct
F rida y,
A ug. 12.

Week's
Range or
L ast Sate.

■s-t
3.5

PKICES

(5 pages) Page 'l .

[v0L, t.tvti,

Range
from
Jan, 1 .

F rice
I Week*8
BONDS.
S’g
F riday,
R ange o r '§•£
N Y. 8TOCK EXC H AN G E » E A ug. 5. ! Last Sale.
W eek E nding A ug . 12 1i ; £
A kk. Low H igh, No. Low. High \
----- Bid
------ Bid.
Ask Low. High. No.
t)Uy A 8 Ry Balt 1st g 5*. 193 J - D ......
P un t A Pero M g 6«....lfi20 A -O I 115 117 117
117
Clcwrttiskt a, Mah. See Bli.tP.
j
t istconsol gold 5a.... 1930 M-N * ....
04 i 94 Aug’08
Ci Ak A C eq \ 3tl g rt»..lu30 K- A
j Pt Huron Dlv 1st g 5s. 1930 A -O ’ 94
: 68
93%
Cl A Can lei 5* tr reo... 1917 *1 - J ...............
70 J W 8 8 . I 69% 73% Flu Con A 1’on 1st g 5a.. 1918 J - JT 103
C C C A Si L—Geng4* .1993 J - L».♦........ 80
82 J’ue'OHi . J 82 82
♦100‘
| 1st land gr ext gold 5s. 1030 J - J •
Cairo Dlv 1st gold 4s.. 1939 .1 - J •........ 88
’M 88 90%
88
003<
Consol gold 5s............ 1943 J -J , 95 100 !.
8l L Dir 1st col trg 4s.l990 M-N 97% t*8‘
90% 98% Ft 8 A V 11 Bgo. See St LAS F.
96% J*ly' v*8 .
Bwbrtervd............,1990 M-N! ................
9C Mur’98 • J 90 93
Fort St U D Co 1st g 4%s 1941 J -J 105 ....... 105 Mar’98
BprACo) D»T 1st If -is. 1940 M -S
74
75%
i Ft W A I) C—1st g 4-09.1921 J - D
73 Sale
W W Val Dlv 1st a 49.1940 J - J ........
80
88% Ft W A Rio Gr 1st g 3-4s.l926 J - J ........ 62% 62%
85 J ’ne'98
0*
Cln W A XLDi v 1at g 49.1991 \J - J !♦........ 92
89
90
90
90
Fulton Llev. See K ings Co El.
Cln I St L & C Ut 8 4s,l93ftjQ~F1 100%
98% 101
99% May‘98
r ia l liar A 8 A. See S P Co.
Registered.............. 1980 Q-Kti
94 Sale
93%
04
vXul HAH ot ’8* 1st SiUiHS A - 0
COQBOl 0s.. . . . . . . . . . . 1930 M-KI
Qa A Ala Ry 1st pf g 5s. 1945 A -O
103 Aug’0
Cln $ A Cl con 1st g 5$.192S J ■*J 1
111 Oct *07
Ga Car A No 1st gu g 5s.l929 J - J
92 J’ly '98
Ind B1 A \V 1st pf 7s..l900 J - J
107% Feb *97
Georgia Paeltld. See So Ry.
O Ind A W 1st pf 5s... 198810- Jl!
Grand Rap A Ind. See Pa Co.
“Peo A
* -East -let con 4s.
‘ 1940i A - 0
70%
78%
70
79
A St. J. S eeC B & Q
H an
Income 4a,............... 1990! A p r * 10
14
19
10% J*ly '98
10
ousatonlc. See NYNU&1L
01 CC A Ind le ts f 7 s...1899 M -N ,*.... 104 103% J'lv ’98
102 105% Iloust E & W T 1st g 5s, 1933 M-N
93%
04
Consol 7a................ ...191‘S J - D ....
181%137
135% J‘ly ’98
Rous A Tex Cen. Sec So P Co.
Consol sinking fd 7e.. .1914 J - Dj ..
109%
.
llinois
Cent
ls
tg
4s...
1951
109%
109%
I
J
General cons >1gold6s. 1934 J - J ....
(127% i*27%| I Registered,... ........ 1051 J - J ■100% .
127% May*98
109% J’ly ’98
Registered.............. 1934 J -.J ....
let gold 3%s.................1951 J - J
105 Miur’08
CAS 1st M C C C A 179.1901 A -O ....
107% Oct.'0
Registered............. 1951 .! - J
102% Apr.’98
Ol Lor A Wh con 1st 5s.1938 A- O *100
1st gold 3s sterling,... 1951 M -S
103 May‘98
Olev A Marietta. See Fa Rtl.l
Registered................ 1951 M -S
Clev A Mahon Val g 5s.. 1938(J - J
Coll Trust, gold 4s...... 1952 A - 0 ’101 ...
102% J’ly *98
Registered ...............1933 Qu-J
Registered................ 1952 A -O
103 Apr.’ O*
d e v A Pitts. See Penn Co. j
L N O A Tex gold 4s. .1953 M-N i o i ” 102% 101% 101%
58
Col Midl’d—1st g 9-3-48.1947 J - J 56
Registered...... ........ 1953 M-N
56
65
101 Mar *09
Coll tr 2-10 gold 4s.... 1904 J - J
ls t g 4s......... ........... *1947[J - J
90 Sep.’9
Col A 9th Av. Sea Met St By.
Registered............... 1004 .1 - .1
Coltun & Greenv. See So Ry.
Western Line ls t g 4s.l951 K- A *103 ........ 103% 103%
Col H V A Tol—Con g 5s. 1931 M- S
75 O ct’S'
Registered...............1951 F-A
J P M A Co eng cfs $65 p d.;.......
80%
81
Louisville l)iv g 3%a .1953 J - J
70% 82
94.% *94%
9m
General gold 6s....... ,.1904 J - D
54
61
Registered ............... 1953 J - .J
61 Feb.’ 9$
St Louis Div g 3s...... 1951 J - J
Generallien gold 4s... 1096 .1* - J
79
Si
Registered...... .....1951 J - J
Registered...............1996 J - J
Col A Cln lid. See B A O.
Gold 3%s..........
1051 J - J ’ Vs
03%
94%
Col Conn A Term. See N&W
Registered...... . 19 5 1 J - J
Conn A Pas Rlvs 1st g 4s.*43 A - 0
Cairo Bridge gold 4s.,1950 J -D
ak A Gt So. See C M A StP.
Registered ............. 1950 J - l )
D alias
A Waco. See M K&T.
Middle Div reg 5s...... 1921 F -A
Dal Lack A Western 7s.. 1907 M- S
Spring Div ls t g 3%s. 1051 J - J
122 Apr. *98
122 128
Syr Bing A N Y 1st 7s.l906 A - O 126
125%126
Registered.............. 1951 J - J
126 J ’l y ’ 98
Morris A Essex 1st 7s. 1914 M-N
123
123
140 J’ly ’98
Chic St L A N O g 5s.. 19o l J - D
137%144
109 Nov’9
7 s . ................
Registered ............... 1951 J - D
1900 J‘ -J“
118% Apr ’07
7 b................,..1871-1901 A.- O
Gold 3%s— ............ 1951 J - D
110% j ’ne’OS
107 113%
let con guar 7 s........ 1915 J - D
139 J’ne’ 08
130 142%
Registered...........1951 J - D
Registered. ... .,, .1915 J - D
Mem Dlv 1st g 4 s... .1951 J - D
108% Jan.’0«
136% J 'ly ’OS
Registered— ..... 1051 J - D
N T Lack A W 1st 6 s.. 1921 J - J
136% 188%
118% Nov’97
Bellev & Car 1st 6 s.... 1928 J - D n o .
Construction 5s...... 1923 P- A
Warren 2d 7s..............1900 A -0
St L Sou 1st gu g -Is... 1931 M -S * 94 .
108 108
108 Aug*98
90 Nov’9*
143 145
145
145
Del A Hod 1st PaDiv7s.l91 M -S
Garb AS 1st g 4s........1932 M -S * 01 .
Regisl *red................ 1917 M- S
143 May’9
Ind B1 & W. See C C C A St L.
Alb A S *8 Istcongu7sl906 A - 0 * 121% .
123
123
120%125% Ind Dec A W 1st g 5 s.. ..1935 J - J n o i% .
101% 102
Registered..............1906 A -O *120 .
Ind 111 A la 1st gold 4s. .1939 J-D * 88 .
86 Jan.*08
115 J’ne’98
Gold 6s....................1906 A - 0
1st ext gold 5s,........... 1948 M -S
110 118%
Registered............. 1906 A - 0 115% .
Int & Qfc No 1st gold 08.1910 M-N 420% 122 121 Aug’98
117 117
117 Feb.*98
90. Sale
2d gold 5a.. . . . . . . . . . . . . 1909 M -S
Bens A Sar 1st 7a....... 1921 M-N *142% .
148% Aug’9
00
90%
8d gold 4s.....................1921 M -8
Registered
1921 M-N *140 .
141 145
58%
58%
141 May’98
58% Bale
Iowa Central 1st gold 5s. 1938 J - D 104 Bale 103% 104
Del Riv HR Bge. Sec Pa KR.
Den Con Tr Co lstg 5s..1983 A -O
Iowa Midland. See Ch A N W.
Den Tram Co con g 6s. 1910 J - J
JefferaonRR. See Erie.
Met Ry Co 1st gn g 6s. 1911 J -J
a lA A G R . See L SA M 8.
Den A RGr 1st gold 7s..1900 M-K *110%...... 111
108 111% K an A Mich. See Tol A O C.
111%
1stcong 4 8 ...............1936 J -J
97% Sale
87% 97U K C A MRAB Istgug5s.l929 A -O
96%
97*i
04%
94%
Improvement gold 5s.1928 J - D
94% Sale
76%
70% Sale 74%
85% 94% K C P A G 1st A col g 5s.l923 A - 0
Kan C A Pac. See M K A T.
Des M A Ft D. See C R A 1 P.
Des M A Minn. See Ch A N W.
Kansas Mid. See St L A S F
Des M tin Ry 1st g 5s.. ,1917 M-N ‘100
99% J‘ne’08
Kentucky Cent. See LAN,
07 100
Keok A Des M. See C R I A P.
Det MATol. SeeL S A M So.
Kings Co K1 ser A 1st g 5s ’ 23 J - J
Det A Mack 1st lien g 4s. 1995 J - D
60
57
5
J
D
Ful El 1st gu g 5s ser A . ’29 M -S
Gold 4g......... ..............1995
55
49 J ’ly *98
Dul A Iron Range 1st 5s. 1937 A -O 106% .
100 J’ly ’ 98
104 110% Knoxville A Ohio. See So Ry.
Registered................... 1937 A -O
Erie A W 1st g 5s.1937 J - J 115 ....... 116 May’ 98
L ake
2d gold 5 s...............1941 J - J 102% Sale 101% 102%
2d ilenmortgage 6 s ...1916 J -J
Dal Red W A 8 1st g 5s. 1928 J -J
North Ohio 1st gu 5s.. 1945 A-O ........103% 102 J’ne’98
92% Feb.’98
02% 02%
Dnl 8o Shore A At g 5s. 1937 -J 107% .
Lake Shore A Mich South—
107 J’ne’98
101 107
o f Minn. See StPM AM,
Det Mon A Tol 1st 7s. 1906 F -A
121 Apr.’ 98
E ast
Lake Shore divid 7 s... 1890 A - 0
astT V a& G a. See.SoRy,
. 104% 104% 104.%
Consol 1st 7 s,. . . . . . ,1900 J - J
Mils Lex A B 8. See C A O.
105% Aug’08
Kim Cort A No. SeeLeh ANY.
Registered ........1 9 0 0
105% J’ly ’98
Krle 1st ext g 4 s............1947 M-N 118
112 116
Consol 2d 7s............. 1903 U ! 11 fi Sale 116
110
113 J’ly ’98
M -S 118
2d ext gold 5s....... .i » i y
119% Aug’98
Registered............. 1903 J - D ♦117 . . . . . 115% J ’ne’ 98
116% 110%
8d ext gold 4%a..........1923 M -S 112
Gold 3%s.................1997 J -D 105% Sale 105% 105%
111% J’ne’98
108 111%
4th ext gold 5 s . .......1920 A -O
Registered.............1997 J -D
117 J’ne’98
118 118
108 Mar’wa
5th ext gold 4s,.......1 9 2 8 J - D '102
104% J’ne’98
CinASp lstguLSAM 87s 01 A - 0
L04%105
108% Dec’01
1st consol gold 7 s ...., 1920 M -S
KA AG R lst.guc5s.1938 J -J
143 J ’ly ’98
138 147%
140 May’98
1st consol gold fd 7s.. 1920 M- S
Mahon Coal RR lst5s.*34 J - J
140 143
125 Deo’O'!
Leh Val (Pa) coil g 5s .109 M-N ♦102% 104% 104
1.33% 139
Long Dock con gold «»„ 1935 A -O ..........
137 J ‘ly ’98
104
Bull N Y A Erie 1at. 7s. 1916 J - D ..........
Registered .................. 1997 M-N
133 J’ne’98
138 183
Leh V N Y 1stgug4%s.. 1940 J - J 102 Sale
Buff & S W gold 6s.... 1908 J - J ..........
Registered .................. 1940 J - J
Small.............................. J - J ..........
Leh VTerRy lstgu g5sl941 A-O
Jeff RR 1st gu gold 5s.l909 A -O )*104 .
LOO 100
106 Feb.’ 98
111
112
Registered .................. 1041 A-O
Chic A Erie 1st g 5s.. .1982 M-N *112% .
109% J’ly ’9
113
118%
108 118%
L Y Coal Co 1st gu g 5s.. 1933 J - J
Coal A KR 1st c gu 6s. 1922 M-N
92% Mar ’08
Registered..................
1033
Dock A Imp 1st curOa.1918 J - J
J -.1
N Y & Green L gug Os.1946 M-N 107
Leh A N Y lstgu g 4s.. .194 5 M- S
105% Oct.’07
91
Registered...... ............ 1945 M- S
Small.......................... ........ 1........
Brie 1st con g 4b pr bds.1096 J - J 94% Sale
K1 C A N 1st g 1st pf 08.1314 A - 0
84% 04%
93*..............
01%
Registered.,............. 1996 J - .1
Gold guar 5 s ............1014 A - 0
101 Sep/97
1st eon gen lien g 4»— leoo .1 - J 74% Sale
Leh A WUkeab. See Cent NJ .
66
76
74% *76 *"
Registered................ 1996 J - J
Leroy ACaneyVal. See Mo P.
105 J’Iy’98
N Y S A W—1st ref 5b. 1937 J - J 105
99 1089* Lex Av A P F. See MetStRy.
Lltch Car A W lstg Oh. . 1916 J - J
2d gold 4 % s.............1937 F -A
92 J’ly ’98
84% 92
89% 90
Little RAMem lstg 5o 1937 >
General g 5s.............1940 F- A
83
98
89%
90
109% J’ly *98
Trust Co certls.................J
Terminal 1st u 5s— 1943 M-N
109%111%
Long Dock. See Erie.
Regis 35,000 ouch, 1948 M-N
WUJtAFas 1at g u g 5a194 2 J - D
99%
93% 101% Long Island—
99%
Mid KRofNJ 1st g 6H910 A - O
1st con g 5s.. . . . . . . . . . . 1031 Q-JS
114%121
120 119% J’no’98
■20U 120%
1at con g 4s ................ lfi$l
Macau A L Sup. See C A N W.
65 Nov’97
Mureka Springs 1st g 6s. 1933 F -A * #0
General gold 4s......... 1938 J -1)
90 J’ne’98
114 J’ly ’98 .... 112 I lf'
Ferry 1st gold 4%s. ... 1922 M -8
fcv A T U 1st cones...... 1921 J - J *113
'“
86% Apr.’ Ob
1st general gold 5s....1942 A - 0
Gold 4g........................ 1932 .1 - D
85
85
2 ' 82
86%
Debenture gold 5s......1034 J - D
Mt Vernon 1st 6a........1923 A -O
N Y A R B 1st g 5s... .1927 M- S
Bull CoRr’ch Istg5s..l93 * A - 0
100 May’91
EvAIndlst conga g 6».. IWtfO J - J
2d Income................ 1927
92
77% Feb.’98 ....I 77% 78
W i t t m n !><■>.i 'Y fw.
A* ‘v;
V«rvr. *nu v *•'**•**
i’rvfU DecV«7| ...,|

BONOS.

H. Y. STOCK EXCH AN G E
WKJ5K ENDING AUG. 12.

-a

Range
from
Jan. 1.
Low. High
n o ii7 %
85
95
S3
93%

105 105
65
75%
54% 64
88% 04
02

92

88

04

109% 115
108% 109%
105 105
101 102%
100 104
103 103
97%102%
101 101
101

105

'92% “ 04%
92% 04%

115% 123%
103% l i f t

07
86

104
88

116
78
44
97

123%
90%
00
104

65

81%

40
85

59

115
05
100

117%
104%
102

49

121 121
104% 106%
105%110
105% 109%
115% 120%
115% 119%
102 106%
tOS 105
104

104

*9*9** i ‘04%
L07

112%

92% *92%
V i” ” 02’"'

117

ISO
90
00

No j.r.t. v Friday; these are latest bid and asked tills week. + Bends due August. %Bonds due April, n Bends due January. § Bands due J uly.

O U TSID E SE C U R IT IE S
K im *4ecu ritlm i,
j Bid, jA»a.
C mriesfoii (S C )^ aa...25 t ........j 18
C'hartiera \ auty Gun......
Chicago Consumers 1st 0t> ........104
Chicago Gas—See N Y Sto Ck Ex XU,
Cloero Gas Co 1st 0s...... . ........1. .... . j
Cincinnati Gas A Coke... . . . . . . 194%
w'lty Gas (N orfolkY a)..., 36
88
1st 6s...... ....................
98 [105 !
Columbus (O) Gas—Stock 84% 86%
1st 5s 1982............ JAJ } P9 102
Con soli dnt Gas (Balt) See Balt L 1st. 1
Consolld Gas (N J )—Stck 18
21 1
i*t
io o «
»
an I gg I

(G i v e n

a t foot of

7

oonseocttcve p a g e s ) . — O A S

S E C U R IT IE S ,

Bid. Ask. 11
(5 i« s« ciirltlen .
1 15 139
Ooiibuiu
u t y i 'e t n
7o
New Urieulirt Geie J jig llt..
106
1st 08 102 0..............M AN 105
1st 6b................... .MAN 100 l ( l l «
O hio & Indiana—S t o c k ...
Jersey City Gas L ight.,,. 190
1st 68 1920 ............. J&D
Detroit Gas—
N Y 810c k List.
P eo p le s Gas A C ok e—N Y
Conaol 5a 1918—See N. Y. Ex. List. Laclede Gas—N Y Stock Exch.
78
95 | Lafayette (Ind!) Gas—Stk 75
Income 5s
, 90
P h iladelph ia C o . . . , . ...5 0
1)1
1st 0s 1924........... M&N 88
Denver Consolidated G is
P ittsbu rg G a s ,. . . . . . . . . . 5 0
Loganspt & Wab Yal—Stk 53
53
New 6 s ..........................
Fort Wayne (Ind)—Stci ;k 78
72
74
1st 6s 1925 ..............J&D
1st Os 1925.............JotJ 86
Portland (Me) Gas L ...50
88
Louisville Gas Light......
90
Grand Rapids—Stock......
St J osep h ( M o ) ......... .
70
80
65
1st 5s 1915........... F&A { 00^ 101J3, Madison (Y/is) Gas—Sick ’06
58 19 3 7 .......................J&J
45
1st 0a 19 >9....... ...AAO i 98H 100% St P aul G as—S t o c k .. . . . . .
Hartford (Ct) G asL ...25 t 42
56 I Memphis Gas.........
Indiana Nat&Ill Gas—Stk 54
C on sol 5* 1944 ___ M AS
0a 1910....M&8 §103 105
$ A n d in terest,. f P r l o e
Iftt. fts 1908 . . . . . . MAN 71
78 I Minn
t in « “ (•(Ml - i He*.
Indianapolis Gas—Stuck.

£c
Bid. Ask.
105% 110%
54
57
09
72
Stock E x ch

+135
105
106
90
+ 85
34
88
90
92
44
50
81
i 73
Der ah are.

August 13, 1898.]
BON DS
|g l
H.Y. STOCK EXC H AN G E « £
W e e k E nding A ug . 12.

THE CHRONICLE.—BOND PRICES (5 pages)
P rice
F riday,
A ug. 12 .

.

Week's
Range or 1 2
Last Sale.

Range
from
Jan. 1.

3-8
BONDS.
*-.2
N.Y. STOCK EXCH AN G E 4 f t
si
W e e k E nding A ug . 12

P age

Price
Friday,
Aug. 12.

3.

309

Wcek ’ 8
Range or
Last Sale.

5o

Range Q
from
Jan. 1.

Bid. Ask. Low. High,. No. Low. High.
Bid. Ask. Low. High. No. Low.High.
Jjong Island (Con.)
I
_
viontauk Ext. See Long Is.
Bklyn A Mon 1st g 03.1911 >1- a
Morgan's La AT. See SPCo.
1st 5s........................1011 M -S
dorris 4 Essex. See Del L&W
Nor Shb lstcon gga5s..’32 Q -O
Yfash Chat A St L 1st 7s.’ 13 J - J
129 Aug’98
128 131%
N Y Bay Ex It lstgu g5s’43 J - J
kI
2d 0s ......................1901 J - J ........106
105% Nov’97
Montauk Ex gu g 5s...1945 J - J
1st con gold 5s........... 1928 A - 0 102%103% 103
103%
*1*0*6*' 105**
La A Mo Rtv. See Chi A Alt.
1st 0s T & P b ............. 1917 J - J
■LE A St L Con eng 5s. 1939. J !
1st 0s McM MWAA1.1917 J - J
45
38
40
32
40
Tr Co certs...................... )
1st gold 0s Jasper Bch.1928 J - J
9% Aug’0
General gold 4s.......... 1943 M - S
Nash Flor 4 Shef. See L AN
Lou ANash—CecelBr7sl907 M -S 100 ........ 100 Nov’97 i
NewH&D. See N YN H &H
122%i
120% 124% N J June RR. See N Y Cent.
N O & M 1st g 03.........1930 J - J 122% Sale 122
100 108
2d gold 0s.................1930 J - J 'lU0 ........ 108 Aug’9 8
N J Southern. See Cent N J.
113 117
£ H & Nash lstg 0s...1919 J - D ...... . 110 113% J’ne’ 9a
NewACinBdge. See Penn Co
General gold 0s........... 1930 J - D ’ ...... l l » « 118% 118%
110% 120% N O & N E prior lien g 0s. 1915 A-0 7
103% Sep.'97;
Pensacola aiv gold 0s. 1920 >1-1* '........108
N Y B i Man Bch. See L I.
121 J’ly ’97
B tLdlv 1st g 08..........1921 M -S
N Y Bay Exten RR. See L I.
2d gold 3s.................1980 I I N Y Cent & Hud R—
105 J’ly ’9Sj •
105 105
Nash & Dec 1st 7s...... 1900 J - J
1st 7s.......................... 1903 J - J
113%119%
........ 116% Aug’98
Sinkfd (SAA) g 0s....1910 A-D|
Registered..............1903 J - J 115% ....... 115% J'ne’ 98
113%119
94 101
8 4; N A con gu g 5s.... 1930 t - A ....................100% J’ly ’ 98| ....
Debenture 5s of .1884-1904 M- ft 110% ....... 110% J’ne’98
100 112
Gold 5s........................1937 M-N| .................... 101 J’ly ’ 98 ------ 100%104%
Registered----1884-1904 M- ft 1 1 0 % ......... 110% J’ly ’98
100 111%
91% Sale
91
91% 74 83 91%
Unified g 4s................. 1940 J - J
Reg deb 5s o f .. .1889-1904 M -S 110% ....... 109% Sep.’97
Registered................1940 J - J
Debenture g 4s.. 1890-1905 J - D 104% ....... 105
105
102 105
, 103% Aug’PS .. •• 90% 109
Pens A Atl 1stgu g 0s. 1921 F- A
Registered...... 1890-1905 J - D 104 ........ 104% Feb.’98
104% 104%
104% Aug’ 98 .. •• 101% 108% Debt certs ext g 4s----1905 M-N 104% ....... 104% J’ly »98
Coll trust g 5s............. 1931 M-N
100%105%
lO 0 % J iy ’98 .. •• 108 109%
LANAMAMlstg 4%s.l945 M-ft
Registered................ 1905 M-N 104%....... 104% J’ne’ 98
104 105
98 J’ly ’98
N Fla & 8 1st gu g 5s ..1937 . F- A:
87% 99
G 3%s.......................... 199“ J - J 104 ........ 105% J’ly ’98
105% 107
1/ n*>* .* 1- n C
nnf g
/v 4s...
Aa
1
91
Kentucky
Cent
1987' .1J - J 91
* 85
91
Registered...... .........1997 J - J 104 ....... 104% J’ly ’98
104% 104%
I 91
L Cln & Lexg 4% s....1931 M-N *110
103 Jan.’98
.. 103 103
90
95% Sale 95%
Lake Shore col g 3%s.l998 F -A
94
00%
L<k Jeff Bge Co gu g 4s.l945 >1-8 ......
Registered...............1998 F -A
94
94
94
95
Mich Cent coll g 3%s.. 1998 F -A
94%
95
94% 8ale
1 N A & C . See C 1 & L.
91% 95
Louis Ry Co 1st con g 5s. 1930 J - J 112 ........ 109 Mar’98 ... 103 109
Registered...............199S F -A
107%
.
ahon
Coal.
SeeL8&MS.
Harlem
1st
7s.............
1900
M-N
107% 109%
107% J’ne’98
M anhattan Ry con 4s. 1990 A -O 90 97% 90% 97 50 90 98%
Registered............... 1900 M-N 107% .
107%109%
107% J’ne’98
5 114% 119%
Metropol El 1st g 0s.. .1908 J - J 110% Sale L10% 110%
N J June R gu 1st 4s .1986 F -A
103 May’97
2d 0 s ...................... 1899 M-N '102% 103% 103% 103% 13 101 105
Registered............... 1980 F -A
110
Man 3 W Colmilsg 5s... 1934 J - D ....................... .*..
West Shore 1st 4s gu.2361 J -J 109 Sale 109
102%110%
Registered...............2301 J - J 108% 110 109% Aug’P8
Market St C Rr 1st g 0S.1918 J - J .........................
101%110
108% Nov’97
Beech Crk 1st gu g 4s. 1930 J - J
McK’pt & B Y. See P McKAY.
Registered............... 1930 J - J
Metropolitan El. See Man Ry.
100 100
100 J’ne’98
S3 108% 110%'
Met St Ry gen o tr g 5s. .1997 F - A 113% Sale 113% 114
2d gu gold 5s............1936 J - J
20% Aug’9* ....] 114% 122%
BwayA7thAvlst :g5s. 1943 1 - D
Registered................ 1930 J - J
Registered . ... ....... 1943 J - D
Clearfield Bitum Coal Corp
ColA9thAv 1st gug 5s. 1993 M- ft !! !! !! iV£% i a i % a ug-bs . 1” 1*10............
123%:
95
95
95 J’ly ’98
ls t s f iutgug 4sser A .’40: J - J
Registered............ 1993 M -ft ....................:......................
Small bonds series B. .’40|J - J
Lex A v & P F 1st gu g 5s.’93 M- ft .................. 120 J’ly ’98
117 123%; Gouv 4 Oswe 1st gu g 5s.’42 J - D
Registered...................... M- ft
............ j..................... ::::
119%124%
R W AOgcon lstext5s.’22 A-O* 124% Sale 124% 124%
03
00%
Nor 4 Mont 1st gu g 5s.*16 A - O
Mex Cent con gold 4 s... 1911; J - J .................. I 03 Apr.’98 •
lstcon Income g 8s. ..1939 J’lyt; .................. ...................... •
R W A O T R lstgu g 5s. 18i M-N
2d con Income g 3 s.... 1939 J’lyt: .................. |.........................
Oswe 4 R 2d gu g 5s..1915 F-AS
107% J’ne’97
Equip & coll g 5s........1917 A -O j .......................................... .
Utica 4 Blk Rivgu g 4s.’ 22 J - J
Mex Internat lstcon g 4s.’77 M- ft 77% Sale 77
77%
70% 77%
Moh 4 Mai 1st gu g 4s. 1991 M- ft
Mex Nat 1st gold fts.... 1927 J - D .................... !.........................
Cart 4 Ad lstg u g 4s.1981 J - D
N Y 4 Put lstcongug4s.’93 A -O
2d Inc 0s ACp stmpd.1917 M-S: .................. ..................
.
123 120
2d income gold Os B ..1917 An.i ...................... 18 J’l y ’97 .
N Y ANorth lstg 5s.. 1927 A -O
“ *124 127 123 J’ne’98
100 107%
Mex North 1st gold 0s.. 1910J -i> * 97
97
Feb *97.
107
N Y Chic 4 St L lstg 4s.l937 A -O *100 100% 100
104 104
104 Apr.’98
Registered..................1937 A -O
Registered................. 1910 J - D ................... ..........................
Mich Cent—lstcon 7s.. 1902 tl-N ........12J 114% J’ly '98| .
110 115% N Y 4 Greenw Lake. See Erie
102% 100% N Y A Har. S ««N Y C A Hud.
lstcon 5s.......................1902M-N 107
102%May’98
0s................................1909 M- ft ................... 192 Feb.*98 ....I 122 123
N Y Lack 4 W. Se«DL& W
5s................................1931 M-8| ................... 13 1% J’ne’98 ....! 121 127
N Y L E 4 W. See Erie.
Registered..................1931Q-M ................... 125% Jan.‘ 98 .... 125% 125% N Y A Man Bch. See Long Is.
i s ................................1940 J - J, .................. 100 "Feb.’98 ....I 100 100
N Y 4 N E . See N Y N H A H
104% Oct.’97
Registered..............19 40 J - J, ...................108
Jan.’98 ....1 0 8 108
N Y N H A Hart lstreg 4s.’08 J - D
145 150%
159% 159%
Convert deb certs $1,000 .. A - 0
Bat C & Stur 1st gu g 3s ’89 J - D :
145 153
153 J’ne’98
Mid of N J. See N Y 8us A W
8mall certfs $100...........
125% Feb’97
‘Mil £1 Ry 4 L 80-yr g 5s. 1920 F -A
Housatonlc R con g 5s. 1937 M-N
M L 8 4 W. See Chic A N W
N H 4 Derby con 5s.. .1918 M-N
119 119%
Mil 4 Mad. See Chic 4 N W
N Y A N B 1st 7s........1905 J - J 119% Sale 119% 119%
113% H3%
MU 4 North. See Ch M 4 St P
1st 0s.......................1905 J - J *119%...... 113% J’ly ’98
MU 4 8t P. See Ch M 4 St P
N Y A North. See N Y C A H.
100 109
Min 4 St L gu. See B C R 4 N
N Y O A W con 1st g 5s. 1939 J - D 106 107 100% 100%
90 102%
Minn 4 8t L—1st g 7s . .1927 J - D 140
143
J ’ l y ’ 97
Refunding ls tg 4s.... 1992 M-SI 101% Sale 100% 101%
100% 108%
1st cons gold 5s......... 1934.M-N
........... 130% J’ly ’98
Regis $5,000 only... 1992 M-SI
N Y A Put. See N Y C A H.
Iowa ex 1st gold 7»...1909 J-D |*........137
1 *7
N o t '9 7
N Y A R B. See Long Isl.
South West ex 1st g 7s.’ 10 J - D
Pacific ex 1st gold 0s .1931 A -O , ........130
181% Aug’97
N Y S 4 W. See Erie.
N Y Tex 4 M. See So Pac Co.
J - J .............
M 4 P 1stt 5s st 4s intgu..’80
tut gu.
M SSMAA 1st g 4s lnt gu.’20 J - J
North Illinois. SeeChl 4 NW.
North Ohio. See L Erie 4 W.
M8tP4SSMcong4slntgu'38 J - J
Northern Pacific—
Minn 8t Ry lstcon g 5s. 1919 J - J
118 119%
*118 113 112% J’ly ’98
Gen 1st RR A L G sf g0s.’21
Minn Un. See St P M 4 M.
118 119
Registered.........
1921
.... 114% 110 J’ne’98
92% 251 82% 92%
91% Sale 90%
'H o Kan 4 Tex—lstg 4s. 1990 J - D
124 120
124 J’ne’98
07%
Bt P 4 N P gen g 0 s.. .1923
80%i 993 57
9d gold 4s................... 1990 F-AJ 05% Sale 03%
124% 127
127 J’ly ’ 98
83% 88
87
88
1st exten gold 5s........1944 M-N
Registered ctfs........1923
S3
89
100% Sale 100% 100% 409 90% 100%
80% Prior lien r 4 1 g g 4s. .1997
80
M K A T o rT lstgag5a.’42 M- ft 86% 8 lie
86%
85%
03
97
93% May’9^
70 |
71
Registered................ 1997
K C 4 Pac lstg 4 s.... 1990 F-A ........ 75% 74
70
05%
05 Sale
84% General lien g Ss........2047
75
Dal A Wa lstgu g 5s. 1940 M-X
85 X io n 67
80 May’98
Registered ...............2047
Sooner BdgCogu g 7s. .’00 M-N
104 113%
*112
112 J’ly ’98
Nor Pac Ter Co 1st g 08.1933
Tebo 4 Neosho 1st 7s. 1903 J -D
•Mo K A E 1st gu g 5 s ...1942 A - O 100% Sale
99% 100% 25 93% 100% Nor Ry Cai. See Cent Pac.
Mo Pao—lstcon g 6s. ..1920 M-N 100 Sale 1 0 5 % 100% 109 93 100% Nor Wls. S w C S tF M A O .
102 105
108 J’ne’98
4 103%112
Nor A South 1st g 5s... .1941 M-N 108
8d7s........................... 1806 M-N 110 ...... . 111
112
130 125%
129
124 122
Trust g 5s................... 1917 M-St 80 Sale
84%
80% 171 05% 80% Nor 4 West gen g 0s. ...1931 M-N
118 124
124
124
New River lstg 0 s.... 1932 A - 0
Registered.............. 1917 M-St
117 11944
Feb.’08
117
78%
00
F
-A
105
Imprvmt
4
ext
g
0s...
1934
1st ooll gold 5s............1920 F-A
76%
78% Sale
H
101 Feb’97
C O A T lstgu g 5s.... 1922 J - J *102
Registered.............. 1920 F- A
82
00%
89
90^
100 100
Scto VAN Elstgug4s.l989 M-N 00% Sale
103% Aug’98
Pao R o f Mo 1st ex g4s.’3*s F -A
74% 87%
87^
80
105%109
N 4 W Ry lstcoug 4s. 1990 A- O 80% Sale
2d extended gold 5s. 1938 J - J ..................100% J’ly ’98
Raglstered...............1996 A -O
Verd V I 4 W 1st g 5s..’20 M-S
8 nail........................1990 A-O
Leroy 4 C V A L 1st g 5s ’26 J - J
107%110% Nor 4 Mont. See N.Y.Cent.
8tL 41 Mt lstextg4%s.*4? F-Ai ..................108 May’98
102% 107%
g 4 L Ch 1st con 0s..1920 A - 0
2d ext g 5s............... 1917 M-N .................. 107% J’ly ’98
O
102 108
Income................... 1920 A - 0
Ark Branch extg 5s. 1935 J - D ..................105% J’ly ’ 98
80 100%
Income small.................... A - 0
GenconryA ldgrtg5s’3I A - 0 100 Sale 99
100%
80 100
O Ind & W. See C C C & St L.
100
100 100
Genconstampgtdg5s’31 A - 0
Ohio A Miss. See B40 SW.
MlssRIrBdge. See Chic A Alt
LOS 102
, 104 102 Jan.*98
Ohio River RR 1st g 5s..l936 J - D
Mob A Birm prior lien g 5s.’45 J - J ................
General gold 5s............1937 A - 0
Small............................... J - J ..................
85%
sa
83
85%
92
Ohio Southern 1st g 0s..1921 J - D * 87
Income gold 4s...........1945 J - J .................
15
n
14% Feb.’ 98
General gold 4s.......... 1921 M-N *........ 10
Small............................... ......... .................
14%
10
10 J’ne’98
*........ 10
118% 123
Eng Tr Co certfs.............
Mob 4 Ohio new gold 0 s..’27 J -D 121 — . 121% J’l y ’ 98
82
75
75
75
*
08
78
J
J
Om
4
St
L
ls
tg
4s........1901
119
Dec
’9
7
1st extension gold 0s.1927 Q-Ji *........118
70
8 L Ore 4 Cal. See So Pac Co.
80
81
General gold 4s..........1938 vi- ft 80% Sale
111 116
112 Aug’98
97% 100
OreRyANav Lstsf g 08.1909 J - J
100
Montgom Dlv 1st g 5s.l947 F -A *100 ...... 100
Ore RR 4 Nav con g 4s.. 1940 J - D 100 Sale 98% 100 228 89 100
St L 4 Cairo gu g 4s .. 1931 J - J ............. ..
62 118 128
Ore Short Line ls t g 08.1922 F -A 127 Sale 126% 127
M >hawk4 Mai. Sm N YCAH ,
121 121
Utah 4 Nor 1st 7s...... 1908 J - J '115 ...... 121 J’ne’93
M)nongahela Rlr. See B A G
Gold 5s.....................1920 !.r " '100 ...... 102 May’97
Mont Cent Sm St. P M 4 M.l
I
• No price Friday; these are latest bid and asked this week, t Bonis due Jau. i Bonds due J uly. ||Bonds due June. 2 Bond3 due May. 1 Bonds due Nov.

OUTSIDE SECURITIES
Bid.
G as ftecnrlrl***.
16*
Syracuse Gas—Stock......
1st 5s 1046............. 14.1 85
Western Gas(Milw)—9tck List.
5s—See N Y Stock Excb
T ele® . At T e le p h .
American Dlst Tele—NY Stock
American Tel 4 Cab—NY Stock
Central A South Amer... 101
Ches 4 Poto Telepb—Stk 4rf
Bond 5s....................... 103
Commercial Cable.......... ISO
Commer Union Tel (NY). 112
JCmnlra 8r
State Tel . 70

(G iv e n

at

f

6 ot o f 7 c o n s e c u t iv e

pag es).—

Ask.
T e le g . Ac T H e p h . | Bid. Ask. | T e l e g . A c T e l e p l i .
70 | Southern & Atlantic........
18 1 Erie Teieg & Telephone.. 09
Weat’n Union Teleg—N Y
Franklin.......................... 40
87
Gold 4 Stock................... 112 115**
90
E le c t r ic C o m p a n ie s .
Bonds............... .
7S
Allegheny Co Light Co...
Hudson River Telephone 75
Brush Electric Co...........
Exch Internation Ocean.......... 107 110
Br’dgprt (Ct) El Lt Co.25
Kxch Mexican Telegraph......... 105 200
-75
Consol Electric Storage..
105* Mexican Telephone....10
Eddy Electric Mfg Co..25
New Eng Telep—See Boat ;s Its!
Edison El 111 Co NY—N Y
Northwestern Telegraph. 110 115
100
185 | N Y A N J Telephone— I 149 150% Edison El 111 Co Brk—N Y
Edison Ore Milling Co.
5s 1920 .................... J&JI 110
115
Edison Storage Co......
78 1 Pacific 4 Atlantic.......... I 73

TE L. & E L E C T R IC , &c.

Bid. Ask.
90
85
Stock Exch

E le c tr ic

C o m p a n ie s

East End Electric Light..

1*
4
2
Series A ..........
General Electric Co—N Y S to ck Exoh
130 140
Do pref.—See Boston L ist.
45
35
Hartford (Ct) ElecLt Co. 115 125
t 40
7
Hartf’d(Ct)
LtAPowCo25 t 4
20
18
15
18
Mo Edison Electric.. .... .
t ........ 13
45
Do preferred................ 43
Stock Exch Narragan.
87
(Prov)El Co.50 t 81
Stock Exch
New Hav (Ct) Bleo Lt Co 100 170
14
11
f-Price rer share.
23
21
E le c t r o -P n e u m a t ic ....... ....
Fort Wayne Elec. C o..2d t

310
BONDS.

TH E

|||

K .T . STOCK E XCH AN G E i C
l Weik Esdikq Abo. 12.

P rice
F riday,
Aug. VI.

C H R O N I C L K — BOND
TFeeA’s
■S*^!
Range or S |
Last Sale.

Bid
Ask. Lo\e. High, No.
19
108
Or® Sh L—1st oon g 5*... 1048 J - J 10S ....... 108
60
80% 154
Non-cum !uc A 5s...,,1948 Sop.l 80% Sale
02
Non-cu Inc B A col tx..l946 Oot.* 57 Sale
bom
as
Otwego A Horn®. See N Y 0
0 O Y A St P. Set C A N W
Coast Co—1st g 5a. 1940 J -D 108% Sale 108% 10374
P ac
ac of Missouri. Set Mo Pad
Panamas f subsidy g 08.1910 SC-Ji
Pennsylvania Co—
113% J’ly ’08
Peuu Co gu 1st g 4%s.l921 J - J i 'u a
110 J’ly *98
* Registered................ 1921 J - J . ...
GtdS%»col trust r$g. 1987 |M-S 99
Z P C C i S t L oon gu g 4%s—
110J4 J’ ne'98
Series A ..................... 1940 A -O ♦111
111 J*ne’98
* Series B guar.......... 1042 A - O
Series Cgnar....... ... 1942 M-N
102 Oct/97
Series D 4s guar....... 1046 M-N
108 J’ne’ 98
1 Pitts Cln A St L 1st 78.1000 F- A
100% Apr'97
Registered................ 1000 F- A
140 May‘98
‘ Pitts Ft W & C 1st 7s. 10121J - J
140 May'98
L. “ 2d 7s...................... ,.1912 j - j
8d 7ft.........................1012 A-O*
112% A pr'9'
C 8t L & P 1st oon g 5s. 1082 A- O
Registered........... 1932 A- O
1 Cler A Pitts cons f 78.1900 M-N 107%109% 107 * May’ 98
Gen gug4%sser’8 A.1942 J - J
Series B.................19 421A- O
Gr RAI ex 1st gug4%8.1941 ;■J - J
102 Nov‘97
~ Allegh Yalgengu g 4s. 1942, III- S
NACBdgegengug4%s.’45 J - J
Penn RR Co—
108 May’ 97
, 1st reel estate g 4s.... 1928 :11-N
Con sterling g 0s........1905 J - J
' Con currency 0s reg...l906 Q-Mt
Cong 5s......................3910 M -S
W Registered................ 1919 Q -S
Cong 4s...................... 1948 M -■N
i C! A Mar 1st gu R 4%s.l935 M-N
115% Feb/98
D N J RR & Can gen 48.1944 M -S
D RRRABge latgu4sg/30 F- A
Pensacola A At, Set L A Nash
101%
Peo Dec & E 1st g 6s tr rec/20 J -J 101% Sale 101
90 J ’ne’98
Evans Dir lstg6strrec.’ 20 M -S '9 3 ......
18% J’ne'98
2d g 5s tr rec 1st pd.,1920 M-N 1........ 20
Peo A East- Set C C C & StL
120 May'98
Peo A P ekU nlstg 6 s... 1921 Q -F
85% May’98
2d g 4%s............ Feb., 1921 M-N
137 Not’97
Pine Creek reg guar 0s.. 1932 J - D
Pitts Cln A St L. Set Penn Co.
P C C & St L. See Penn Co.
Pitts Clev A Tol 1 st g 0s.. 1922 A -O
Pitta A Connellsv. See B & O.
Pitta Ft W A Cb. See Penn Co.
Pitta June 1st g 6 s.. . . . . 1922 J - J
Pitts A L Erie—2d g 5s .. 1928 A-O?
Pitta McK A Yo—lstg n 09/32 J - J
2d guar 8s............ ... .1934 J - J
McKee & B V ls t g 0s. 19IB J - J
Pitts P & F 1st g 5 s ..... 1918 J - J
108% Aug'98
Pitta Sh & Xj E 1st g 5a..1940 A -O
98 J’l y ’ 97
1st consol gold 5s...... 1943 J - J
93
2’.
9254 Sale 92
Pitta A West 1st g 4s... 1917 J - J
50
10!
49%
50
Gold 5s.............1891-1941 M-N 4 3
Pitts Y A Ash 1st con 5s 1927. M-N
33%
84 308
.1 - J 83% Bale
eading
Co
gen
g
4s...
1997
R Registered---------- 1997 J -J
Rensselaer & Sar. See D A H
Bleb A Dan. Set South Ry.
90 Sale
89%
90%
Rio Gr West le t g 4a... ,1939 J - J
91 J’ne’ 98
Rto Gr Juno 1st gu g 58.1939 J - D
06 J‘ne’98
RtoGr So 1 st * 3 -48.^ ,1 940 J - J
Roch A Pitts. Set B R A P .
Rome Wat A Og. See N YDeni
Lake C lstg sf 08/03-13
S alt
30% Sale
80%
80%
t Jo AG 1 3at g 2-3 4s.. 1947
BtLA&TH. See Illinois Cent.
Bt L A Cat. Set Mob A Ohio.
8t L A Iron Mount. See M P.
St L K C A N. See Wabash.
Bt L M Br. See T RR A of StL
Bt Louis A San Francisco—
114 J’l y ’98
2d gold 0s Class A ----1900 M-N
113% J’l y ’98
■ I d g o l d 6 b C l a s s B .. ., , 1900 M-N
114 J’he’ 98
— 2d gold 8s C l a s s C ...,. 1900 M-N
«*lst g 63 Pierce C A O..1019 F- A
11SM120 116% 120
r G eneral g old 0s. .., ..,,1 9 3 1 J - J
“ "General gold 5s.........,1931 J - J 100 Sale 105% 106%
100 J’l y ’98
let trust gold 5a. . . . . . . 1987 A -O
105 Oct/97
Ft S A V B Bdg 1Star6s. 1910 A -O
Kansas Mid 1st g 4a...1937 J - D
79% Sale
79% 248
St L A S F RR « 4s.., ,1900 J - J
06%
97% 23
Southw Div 1st* 5s...1947 A -O
Bt L So. See Illinois Cent.
80% 13
8t L S W 1st g 4s bdefa, 1989 M-N 80% Sale 79%
32%
S3 144
2d g 4s lno bond ctfa.. 1989 J -J i 33® Sale
DO Nov’97
8t Paul City Cab. c g 5s. 1937 J - J
Guaranteed gold 5 s ...1937 J - J
Bt Paul A Duluth 1st 5s, 1931 F -A 112% 118% 117 Mar’98
106% J’ly ‘08
2d 5s............................1917 A -O 100 ...
Bt Paul M A M 2d 0s.. .,1909 A -O 123 124% 121% J’ly ’ 98
122
Dakota ext gold 6 s.,.. 1910 M-N 122 Sale 122
lstconaol gold 6s...... 1933 J - J 180 ...... 130% Aug’98
Registered...............1983 J - J
108% J’ly ’08
J 108%
Reduced to gold 4%s 1938
106% Mar’98
Registered............. 1938 J - J
101
101
Mont Ext 1st gold 4s.. 1937 J - D 100** I
1 Feb/98
J -D
Registered...... ..1987
122% Jan.'08
Minn Union 1at g 6a... 1922 J - J
127% J’ly ’98
Mont C Ifttgu g 0 s.... 1937 “ J
115 A pr’97
J
Registered...... .....1987
100% May*98
lat guar gold 5s...... 1037 J - J n o
Registered..........s /’ iSSZ J - J
110 J’l y ’98
EMinn Istdiv lat g 5s. 1908 A -O 109%.
Registered............... 1908 A -O
i l i " NoV’97
Will A S F latg 5 a ....1988 J - D
Registered................1938 J - D
Bt P A Nor Pac. See Nor Pac
BtP A S’x City. See C StP MAO
B A A A P . Set 8o Pac. Co.
100% Oct/97
0 F A N P lat 8 t g 5s...1919 J - J 100%.

P R IC E S (5 pages) P a g e 4.

Range.
/r o m
Jan. 1.

[V ol . LKVil,

t g-jj
Price
Week's
BONDS.
£ .§
Friday,
Range, or
N.Y. STOCK EXCHANGE * c
A vij. 12
L ast Sale.
W ee k E nding a c g . 12.
L ow . High
-— -B id . A tk. Low. High.
90 10S
104% Oct/97
58
81%
lat g 5s.......................1934 A - O
39
OS* Scioto Yal 1N E , See Nor A W
Scab A Ho* let 5 a ....... 1920;J - J
104% Feb/98
Sea A B Bdge. Set Bklyn El/'
102 104
Sod Bay A So let g 5»... 1924 J - J
So Car A Ga 1st g 5a., .. 19 IP M-Nt
98
97
9
Southern Pactflo C o Gal liar A SA 1st g 08.1910 F - A
107 Jan/98
108 114
2d g 7s..................... 1905 J -D , 105 ...... 100 J'Jy‘08
no no
Mex A Pac dlv 1st g 5 s/3 1 M-N 97% Sale
00%
07%
H ousA TC lat W A N7e/0H J - J
1st g 5s Int gtd........ 1037 ;J - J 111 Sale 111
111
109%113
Con g 0s tut g td ...... 1912 A- O 109 Sale 109
109
108 113
Geng4a lntgtd.....1021 A -O S3 Sale
81
83
Morgnn’sLa AT lstgO s/20 J - J *115
120%Feb/98
1st 7s.................. ...191 St A -O .................. 127 Apr/98
N Y T A Meicgu ls tg 4 s /1 2 A -O i .................
106%108
Ore A Cal 1st gldg 58.1927 J - J ................
75 Jan/98
140 140%
8 A A A Pass 1st gug 4s/43 J - J j 09*6 Sale
69
70
140 140
Tex & N O 1st 7s........1905 F- A
110 Mar’08
Sabin©dlv 1st g 6s.. 1912 M -8
100% Nov’97
Con g 5s . . . . . . . . . . . . 10431J - J
100
100%
S oP of Argu 1stg 08/09-10 J -Jk
108
108%
S P of Cai lstgO s/05-12 A -O 100
110% 110%
1st con guar g 5 s.. 1937 M-N
101% 101%
A A N W 1st gu g 5s. 1941 J - J
83
83
S P Coast 1st gu g 4s. .1037 J - J
S Pac of N Mex 1st g 0s.* 11 J - J 108% 110% 108% 109
South Ry—1st oon g 5s.. 1994 J J
97% Sale j 97%
98%
R e g is te r e d ...................1004 J

115%115%
95
96
15

101%
90
18%

120 120
85% 86%

104

109

76% 94
39
53
77% 87%
78% 90%
91
94%
54
66
08% 80%

111 110%
111%110%
113 116%
114 120%
98% 106%
92% 100
7m
97%

90

80%
83
115 117
105 109
120 122%
118%123
128 180%
105% 108%
93% 101
96
96
122%122%
118% 132
107

109%

105%110

-5 v

Range
frt
' om
Jan
on. 1.

Aro

Low. High*
104%104%
92

08

107
100
92

107
105%
97%

107%111%
105 n o
70% 83
120% 120%
127 127
232

75
75
55% 71

S3 105% 110%
321 87
08%.

Mem Div 1st g 4-4%-5sl990 J
103 J’ly ’ 98 . . . .
Registered...............1990 ’
2
E Teh reor lien g 4-5s.l938
100 Sale 100
100
.......
Registered............... 1938
AlaCen R l s t g 0a....1018
.................. .
Atl A Ch Air Line Inc. 1900
119
ColAGreenv 1st 5-0s.l^l6
'1 0 5 ^ m
E T Ya A Ga 1st 7s.,. .1900
105% J’ly ’98 . . . .
Divisional g 5s.,. .. ,1930
114 J’ly 98 . . ..
♦ ili . . . . . iU H UTS. 16
Con 1st g 5s,. . . . . . . . 1950
Ga Pac Ry 1st g 5-0s. .1922 J 119 .r iv ’ oa
Knox A Ohio 1st g 0a ,1925 J 116 J'ly '98
7
♦121 125 122M
Rich A Dan con g 6s. .1915
.....
101 Nov’^7
Equip sink fund* 5s. 1900
.....
Deb os stamped.----1927
90 J’ne’98
2
107 108 107% 107^
Virginia Mid gen 5s... 1936
107 10S 107 J’ne’98
Gtd stamped......... 1930
87% J’ly-'98
W O & W 1st cy gu 4s. 1924
i
West N C 1st con g 6s.1914
113
113
S A N Ala. See L & N.
Bpokr FalisANor lstg 0S.1939
.................. .
Statlsl Ry 1st gu g 4%s.l043 J .....................
Snnb A Lewlstii 1st g 4s.l936 J Syra Bing A N Y. Set DL&W
111% Sale l l l K
12
rPer A of St L 1st. g 4%s/S9 AL 1st oon gold 5s.l894-1944 F -A •107^ 100 n o J’lv ’98
Sfc L M Bge Ter gu g 5s.l 030 A- (
108 Oct./ IL . . ..
Terre Haute Elec Ry g 0s.’ 14 Q-J
Tex A N O. See So Pac Co.
TexAP Ry E dlv lstg 0S.19O6
112 110% J’ne’ OS
107 107)4 107
1st gold 5s.................. 2000
107% 30
43 Sale
43
2d gold inc. 5s, D eo...2000 Mch,
44 800
122% J'ne’ 98
Third Av 1st gold 5s__ 1937 J - J
5
103
Tol A O C 1st g 5s....... 1935 J - J ♦103
103
West’n div Lst g os... .1935 A -O 104 ids 104 J’ly ’ 98 . . . .
General gold 5s...........1935' J
81
1
Kan A M 1st gn g 4s. ..1990 A -O
80
80
70
To! Peo A W 1st gold 4s.l917 J - J
72 May’98 . . . .
2
90
90
T St L A K C 1st g 6s tr.1916 J - D * 89
03 i o i
5
A Del 1st cg 5s. 1928
too^ lOO^s
Lflster
1nlon Kiev. See Bkiyn Elev
Un El (Chic) 1st g5s. ...1945 A-O
Un Pac—RR A 1 g g 4s. 1947 J - J ‘ W % Sale ’ ' 9sii
99 1214
Registered.,..,., .....1941 I - J
59
59 J’ly ’98
TrCo ctfs g 4%s....... 1916 M-N ♦
75% Sale
D P DAG 1st c g 5s tr rc/39
75«
7 6 « 745
UniN J RR AC Co. See Pa RR
Utah A North. See Ore S L.
Utica A Black R. See N Y Com
Yal Ind A W. Set Mo P
V er
IrglnlaMld. SeeSouthRy.
\ tfa b R R C o lstg 5s.. 1939 3ML-N 112% Sale 111% 1 1 % 40
6 ’.
VV 2d gold 5s...... . 1930 F -A
89% Sale
90
89%
Debenture series A .... 193!' J - J
29 Sale
29
Series B......... ...........1931' J - J
2951 145
103
1
lst g 5s Det A Cb Ext, .1941 J - J ♦103 104 103
StChas Bridge lstg0s.l0O5 A -O n o ........ n o J’ne’98 . . . .
Mirren RR. See Del L A W
Wash OA W. See Southern
West N Y A P a -lstg 5 s. 1OB'! J - J *
108% J’ly ’ 98
71
Gen g 3-4s.............
.1943 A -O
00
58
59
21
10
Income 5b....A pril, 1943 Nor. * 1 5 «
16
West No Car.
South Ry.
Western Pac. See. Cent Pac.
W Chic St40-yr 1st cur 5a .’28 JI-N
99
40*year con g 5s.......... 1936 M-N
West Shore. See N Y Cent.
W Ya A Pitts. Set B A O.
W YaCentA P ls t g 6s. 1911 J - J
Wheeling A L E 1st g 58.1920 A -O
101% Mar’98 . . . .
Trust Co certlflcates..........
108
20
Wheel Dlv lat gold 5S.1928 - J
108
92% Mar’08
Exten A Imp gold 5s. .1030 F -A
Consol gold 4 a . 19IL J - J ♦ 38
35 J’ly ’98
Wilke? A East, See N Y S A W
Wil A Sioux F. See St P M A M
Winona A St P. See C A N W
34 Nov’97
Wls Cent Co lat tr g 5s . .1937 J - J
52 Sale
53 1809
Engraved truflt certificates.
50
5
6
Income 5s.. . . . . . . . . . . . . 1937 A-O*
6«
G*£
*........
MISCELLANEOUS BONDS.
24
Ex—Col trg4s.l948 M -S 102 Sale 101
102
A dams
m Cot Oil deb g 8b. . .1900 Q u-F
108 109 J’ly ’98 . . . .
Am Dk A Imp 5s. Srr CenNJ
Am Spirit® Mfg 1st g 6a. 1915 M-N ♦
1
85
85
85
Atlanta G L Co ls t g 5a. 1947 J-D*
J -J
ar
AS
Car
Co
1st
g
0s.
1942
Bos U Gas tr ctfa s t a 5a/39 J - J
90% Jam’ 98 . . . .

103

103

96

100

106% ids
112%115
H07 111%.
118 123
112 U7%
118 125%
95
90
100 108
102 107
S7SH 87ft
110ft 118ft

109 n i f t
105% 110%.
......
109 110%
96ft107ft
28
44ft
117% 124
102 105
103 104
70
09
85%
08

89ft
72%
90
104

88ft e »?i
44
59M
48ft 77

104ft112ft
74ft 91ft
21
30
97 105ft
108% 110
103 n o
47% 59
16
10

looft io if t
103
90 ICS
90ft 99ft
35
35

38ft
4

55
7ft

98% 102
102%109
64

86

901,

81

I > No price Friday; these are latest bid and asked this week, t Bonds due June. * Bonds due July. II Bonds due March. HBonds duo'Jan. {Bonds due Nov

OUTSIDE SECURITIES (Giyek
E le c tr ic C’ om pnnlra.J Bid.
Rhode Island Elec Pro CoJ n o
Toronto f Can) Elec Lt Co. 135ft
Thom-Houat Welding Co.
United Elec Ll AP Co pref 12
83
Bonds..........................
W ‘onaocket (R I) El Co.. 100
F erry CenipnnleH.
B’ k yn A N Y Ferry-Subs 110%
Nov stock.........
3Jft
$ 97
B on d s................. .
90
Hoho’cm Ferry—Stock..
1st 6 11940........... MAN {100
Metropolitan Ferry-—3s., n o

at

eoot

F e rry C om p an ies.
Aak. !
N J A N Y Ferry—Stock..
iao
lat 5s 1948............JAJ
I36fc
N Y A E R Ferry-Stock.
100
Honda 5s of 1932.........
18
N Y A 8 B Trans A Ferry
85
Bonds. Ga, o f 1900......
no
10th A 23d Sts Ferry......
1st mortGs 1019... J AD
M ft Union Ferry—Stock........
lat 5a 1020,......... MAN
97ft:
*
Rn 1
1roads.
91
Ate Col A P Iat 0a tr co eta
108
t n 1 At .TC A W 1st Oa tr co pis

of

7

{ 97

25
{ 00
72
$ 98
43
{100
68
08

pages

).—

Bid.
K nl 1roa d s.
101
Ate TA 9 Fe gu fd 6s notes 101
io i
73
At.rtaA Ch Air L 1?t 7s *07 117
All AP eta of dop gu 4s st’d
0
100
80 i B A O 8%s, when Issued.. * 95
Do 4s
95
* 91%
00ft
Do pref
“
“
80
Boat ANY Air Line—Cum
101
Preferred—See N Y Sto ck Ex
44
California Pacific 1st 4%n 98
101
Do
2dmortguar
05
Ch Mil A St P Dub Div ’29 $120
72
Da
fl'ls Vol dir 8s '20 fl2 0
72

Bid. Auk.
*100
70

c o n s e c u t iv e

F E R R Y & R A IL R O A D S •
"lO. Ask.
R a il ran da.
ChANWlRt7aMnd ext’ l 1 §130
Do Menominee e x t’ 11 §180
ClilcATomahlet 0sl9O5 §109
North wUn. 1st 7s 1917. §132
KremELk&MoVal lst‘ 33 §130
95%
0714
Do
unstamped §129
Wln&StP 1st ext 7s ’ 16 §130 142
61

Ask.

ch.
,IIY, .
.......

Cln&Spgf 2d 7 bgu C OCAI
Jack LA Sag l«tex t5 s’0]
Kingston & Pemh IstM.
L N A A Ch. 1st 0s 0 &I Div
§And Interest.
fPrice

104
103
113
per sh are.

THE CHRONICLE.— BOND

A ugust 13, 1898.]

BONDS.

! P?

H .Y . STOCK E X C H A N G E ’ i t
W ee k E vd ix g A ug 12. |

P rice
F rida y.
Aug. 12.

Bid. Ash.
B’klyn U Gas 1st con g 5s. .’4 5 M-N
91
92
Br’k’n W A W H lstg 5s.l945,F -A
Coal Min. See T C I& R .!
C ah
G L & C Co. See P G A C Co.
Chic Jc A St Yd colg 5s..1915 J - J
Clearf Bit Coal. See N YC & H
Col C & I 1st con g 0 s... 1900;F - A *........100%
ColC A I Dev Co gug 5s.. 1909 J - J
Col Fuel Co gen gold 0s. 1919 M-N
Col F A I Co gen s f g 5s. 1948, F - A
Columbus Gas 1st g 5s. .1932 J - J
Com Cable Co 1st g 4s.. .2397 (Q - J
Registered.................. 2397 (Q - J
Con Gas Co. See P G & C C o.i
eBardel CAI. Sm TC& I.
D el
& H Can. See RR bonds:
Detroit City Gas g 5 s.... 1923 J - J 91 Sale
93
D ;t Gas Co con lstg 5s.. 1918 F -A ►92
* 18
20

Ed

Week’s
R ange or
L ast Sale.

Range
from
Jan. 1.

BONDS.

Low. High. Vo. Low High
64 109k 115
115
115
92
92
10 92 100k
109% Feb’ 97
100

100

104
80

Jan.’ 98
May’98

109k 109k
11

101% Apr.’98
104 Feb.’ 9S

95

102

10*6
80

104
84

PRICES (5 pages) P a g e 5.

101% 105%
104 104

92%
95 •217 89
95%
in 90 103
94
94
77 10% 19
17%
1*
111 J’ly ’98
108 112%
114%119
* 1 1 7 * ........ 117% Aug’9S
113% J’ne’97

N. Y. STOCK EXCH ANG E
W e e k E nding A ug . 12.

v 3

fc, §

Price
F rida yf
Aug. 12.

Bid. Ask.
c*eoria Wat Co g 6 s.. 1889-19 M-N
PI Valley Coal 1st g 6s. .1920 M-N
Procter & Gamb 1st g 6s. .’40 J - J
St L Ter Cupples Station &
Prop Co lstg 4%s 5-20 yr’ 17 J - D
S Yuba Wat Co con g 6s. .’23 J - J
Sp Val Wat Works 1st 6s.’06 M -S
Stan Rope & T 1st g 8s.. 1946 F -A ....... 63%
Income g 5s............... 1946
15% Sale
Sun Ck Coal 1st g s f 0s..1912 J - D
Tenn Coal TDiv lstg 6s. 1917 A-OI 8 2 % ......
Birm Div 1st con0s.. .1917 J - J 88 Sale
Cah C M Co 1st gu g 6s..’22 J - D
De Bar C & I Co gu g 6s.’ 10 F -A
80
U S Leath Co s f deb g 0 s.’ 13 M-N ■116
Vt Marble 1st s f 5s...... 1910 J - D
West Union deb 7s. .1875-00 M-N
Registered......... 1875-1900 M-N
Debenture 7s.. . 1884-1900 M-N
Registered...... 1884-1900 M-N
Col trust cur 5s..........1938 J - J '111 112
Mut Un Tel s f ’d 0 s ...1911, M-N
Northwestern Tel 7 s ....’04 J - J
Westn Gas Co col tr g 5s...’33 M-N
W h L E & P C C o 1st g 5s.’ 19 J - J
Whitebrst F gen s f 6s. .1908 J - D

311

Week’s
Range or
Last Sale.

Range
from
Jan. 1.

Low. High. No. Low High
113

113

6S Aug’98
14%
15%

51
11

72
17

84 Aug’98 ....
80%
»8% 31

79
79

80
89

101

83
116

Feb’97

Jan.’9S; .... 83
83
116
0 111%110

105% Feb.’9S .... 105% 105fc
105 Mar’98| ... 105 105^

OUTSIDE SECURITIES (G iven

at foot of

CT'

CO
K

111% 111% 10 105 111%
ig £
111 Mar’98! .... 111 111
Registered.......................... A98% Mar ’98
ErieT A T co ltr g s f 5s. ..1926 J 98:4 9Sk
101 Mar’98
101 101
Eq Gas LN Y l8 tcon g 5 s..’32;M-S
Eq G A
. Fuel. See P G A C Co.
43 96 t08
108
108 Sale 100
/^ e n
95% Jan.’97
U. S. GOV. SECURITIES. (For daily record nee seventh ya ge y
U rI
97 . . ... . 98 Apr.’98;
U S 2s registered— Optional 0-M
Gr Rap G L Co ls t g 5s. 1915 F - A
U
S 4s registered...........1907 Q-Jt 111% 112% 111 Aug’98
ack
W
reor
1st
g
5s..
1926
J
H end B Co 1st s f g 08.1931 M111 Aug’97
U S 4s coupon................ 1901- Q-Jt 111% 112% 112
112 |
1925 [Q- F 127% 128% 12 7% 127%
U S 4s registered.
111 Steel Co deb 5s......... 1910 J - J : : : : : : : :::: :
70 A pr’97
Non-conv deben 5s
1913 A - O
U S 4s coupon.............. 1925 Q- F 127% 127% 127% 127%!
Iron Steamboat Co 0s... 1901 .1 - J
U S 5s registered......... 1904 Q -F 112 113 110% May’98
107 May’97
Jeff A Clear C&I lstg5s 1920 J - D
U S 5s coupon.............. 1904 Q -F 112 113 113%£vJ’ly ’9S
80 May’97
2d g 5s......................... 1928 J - D
U S 0s currency........... 1899 J - J 10 2% .... 102% 102%
U S 4s registered certs
K C Mo Gas Co 1st g 5s. 1922 A - O : : : : : : : : : : : :
J.
105
46 100 105%
101
Lac Gas-L Co of StL 1stg 5s’ 19jO-Fi I 105 Sale 104
of indebt (Cherokee)
Small bonds....................... Qu-F
I
102
J’ly
’97
Mad Sq Garden lstg 5s. 1919 M- N
STATE SECURITIES. I
Alabama—Class A 4 to 5.19061 J - J 108 .
Met T & T 1st s f g 5s... 1918 M-N
109 May’98
108% 109
105
105
Small................................... ' ........ 108 .
Registered.................. 1918 II-N
105 108
85 J’ne’97
104% J’l y ’97
Mich Pen Car Co 1st g 5s.’42 M- S
Class B 5s....................1900; J - J 100 .
Class C 4s.................... 1906 J - J 100 .
Mut Fuel Gas Co See PeopGas
98 Aug’ 98
Currency funding 4s...1920! J - J 90 .
Mut Un Tel Co. Se« Wn Un.(
........ 107% J’ly ’98
1105 108
110 J’ly ’98
Nat Starch Mfg Co 1st g 0s *20 M-N 1*107
‘
Dist of Columbia—3*65s.l924j F- A 110% .
115 116
Louisiana—New con 4s..1914 J - J 102% .
104 J’ly ’9S
Nwpt News S A D D 5s.. 1990 J -J§
100 104
N Y 4 N J Tel gen g 5 sc y .’20 M-N
Small................................... ..
N T & O ntLandlstgSiJ910|F -A !
Missouri—Funding. ..1894-95: J - J
NoWestnTeleg. See West.Un.
North Car—Consol 4s... 1910;J - J 103% ........ 10 i Jan.’98
i o i io i
111 Nov’ 97
Peo Gas A C 1st gug 08.1904 M -.
Small................................... J - J
102 109
107% J’ly ’98
2d gtd g 0s.................. 1904 J - D
6s.................................1919 A -O 125 ........ 128 Feb.’ 98
128 i*2*8
| ........120
So Carolina—4%s 20-40.1983 J - J 103 ........
120 J’ly ’98 . . . . 115 120
92 ........ 91% J’ly ’98
Refunding g 5s........... 1947 MTenn—Newsettlem’t 3s. 1913 J - J
87
92%
Small...................................J - J
Registered...............1947 M
88 J’ne’98
87
88
e 102 100% Virginia fund debt 2-3s.l991 J - J
Ch G-L ACke 1st gug 5s’37 .1 - J | .................. 105%* 105%
72%
74 " 0 65
74 Sale
74
101 106
104 J’ly ’98
Registered..........................J - J
Con G Co of Chlstgug 5s’ 38 J - D
Eq G & F Ch lstg u g 0 s.’O5 J - J I .................. 102% J’ly ’08
102 108
0s deferred bonds.......................
Trust receipts stamped----1........
Mu Fuel Gas 1st gu g 5.1947 M- X
llf
8% Sale
4k
9
* No price Friday; these are latest bid and asked this week.
t Bonds due July.
i Bonds due May.
§ Bonds due April.
1 Bonds due January.'

7 consecutive pages).— HRs., B A N E S , M ISC E L.

I Bid. Ask.
Bid. Ask
M isce lla n e o u s.
Ask.
Bid Ask
R a ilr o a d s .
M isce lla n e o u s.
M iscella n eou s.
N Y El deb 5s gu Man R y .; 98 I........ Fidelity A Dep (Balt).. 50 110 145
55
Schwarzchild A Sulzb.luu 40
50
Texas A Pacific Coal. 100 50
Semet-Solvay deb 5s...... 101 103
1st 6s 1908.......... AAO 102
No Pacific Mo Div 1st 6s. 105% ........ Galveston Wharf—1st 5s. 99 100
Title Guar A Trust...100 280 296
Pittsb & Connellsv 1st 7s 105 ........ Genesee Fruit...........100
Simmons H’rdw-Com.100 105
10
Trenton Pott—Com.. 100
Preferred................ 100 110 120
30
5
Do con 0s gu by B & O 115 !........ German Am Real Est.100 23
25
35
Preferred............... 100
Singer Mfg Co...........100
420
Bt P East & Gr Tr 1st 0s. .................. Glucose Sug Ref-Com.100 59% 00
Trow Directory-New. 100 35
45
gu by Mllw L S A West. ..................
Preferred................ 100 109 109k Standard Oil...............100
418
07
Tenn C l& Ry con 0s 1901 .................. Goodyear Shoe Mach. .25 3?H SS?4 Stan. Dist. A Dis.—Com..
16% Union Switch A Signal.50 65
115
Preferred.....................
Preferred.................50 n o
90
7 5): 76
Do So Pittsb 1st 1902.. ........ ...... Gorham Mfg Co-Com.100
8
11
Union Typewr—Com. 100
Stand Und’rg’dCable.100 111
Preferred................ 100 110 114
Yicksb & Meridian 1st 0s 103 ; 100
100 105
M isce lla n e o u s. Par.
SlossIASlst 6s 1917.FAA 88
Great Falls Ice........... 100 110 125
94
89
2d preferred...........100
Acker Merrali & Con. 100 98% 101
Hartford Carpet Co. .100
Southern Cotton Oil.. .50 8 )
83k
26
U S Glass—Common.. 100 25
Am Air Power of N Y .l 00 ...... I 20 I Heck-Jones-J Mill-Pf.100 55
57% Stat Isl R T 1st 0s’ 13AAO 108
90
Americ’n Axe & Tool. 100 13%
__ _ 27%
70
1st 0s 1922........... MAS 95 100 j 2d 5s 1920.............. JAJ 75
100
Amer Bank Note C o ...50 -f 38% 40% Her’g-Hall-Mar-Coui. 100
80
US Projectile Co...... 100
a
k Stillw-Bierce A Sm-V.100 70
Swift A Co..................100 96
American Brake Co. .100, 90
Wagner Palace Car. ..100 170 170k
93 ! Preferred................ 100
8
6
98
1st 6s........................... §100
Westingh Air Brake.. .50 x300
Amer. Caramel—Com ...
45
50 ! Hoboken Land A Imp’t . . j 100
Preferred..................... I 97
Willimantic Lmen Co.. 25
Susq Coal 0s 1911__ JAJ 115
100 I 5 s .................................. 105
no
Term Wareh—Stock.. 100
Wool Exch’ge of N Y.100
80
Amer Groc—1st pref.100 ........
International Elevat.100' 75
10
9
28
1st 0s............................
Worth’t’n P’mp-Com.100 24
70
Amer Malt’g Co—Com—S ee Stk Exl’t International Navig. .100
52k
92
Preferred...............
100
S8
70
Preferred—See Stock E xch. 11 st.
Debenture
0s................
International Paper.. 100 36
Silk
Am Pneumat Tool Co. 10
Preferred................ 100 82% 83k
Amer Press Assoc’n. .100 100 110
10»k 108
Ask.
B an ks.
B anka, j Bid. Ask.
B anka.
American Screw........250 115 140
International Pulp... 100
3
Am Smokeless Powd.100
Iron Steamboat......... 100, t 1
Kings Co*
107
N. Y. CITY. I
■Mercantile
Am Soda Foun—Com. 100
00 j America*....
4
8 1 0s 1901...................JAJ 50
Manufact’rs. 250
352
. I Merchants’ .. 150
1st preferred............100 47
John B Stetson—Com. 100 45
53
Mechanics*.. 225
Am Excli.... 170
. jMerch Exch. 116
21 preferred........... 100 15
Preferred................ 100 100 110 | A
25
Mech A Tra*. 245 255
stor..........
.Metropolis*.. 390
22
Amer Steel A Wire. )
Journeay
A
Burnham.
100
Nassau ..
200
E
xl’t
St’ck
Astor
Place*
230
.
Mt
Morris*
74
Preferred............ J bee
Preferred................100 08
Bowery*......
385 345
Nat City
Mutual*---295
American Surety........50 100 170
Knickerbocker Ice .... 100 87
North Side*.. 160 175
228 235
Nassau*..— 150
Am T /pefo’rs—Stock. 100 40
96 101 i Broadway__
43
Bonds 5s.......................
People’s* .
190 195
Butch’sADr..
. 'New Arust.*.. 245
Amer Sewing Machine. .5 t 2
Lawyers’ Surety........100 100 n o | Central.......
Scherm’rh’n* 140 150
168
72% iNew York.... 235
Amer Strawboard....100
26k 27k Lawyers’ Title Ins.... 100 150 160
17th Ward*. 100 105
205
......I'NewYork Co. 1000
Amer Wringer com... 100 104
Lori Hard (P)—Pref.. .100 114 lie ; Chase..........
215
Sprague ....
...... N Y Nat Ex.
Pref......... ..................... 114
Madison Sq G—Stock. 100
5 ! Chatham .... 290
26th Ward*. 135 145
35 ! Chemical...... 3700 ......! Ninth..........
Amer Grapbophone----10 125 130
2d 0s 1919........... MAN 25
100
Union*........
Citizens’ ...... 125 135 : 19th Ward*.
Preferred................ .10 132k 187k Maine S S..................... 50: 40
Wallabout*..
C ity............. 1000
North Amer. 130
Anderson (John) Tob.100 10
12k Merch A Miners’ S S— 50 120
IOriental* .... 140
15 i Colonial*.... 185
Automatic Vending... 10 25
Mech’nical Rub-Com.100 10
T ru st Cos.
Pacific*........ 180 190
40 i Columbia*...
BarneyASm Car-Com.100
Preferred................ 100 30
12k
N. Y. CITY.
310
Park............
203
Preferred................100
55
Mergenthaler Linot—See] Bosto n list 1 Commerce...
Am Dep. A L.
iPeoples’* .... 200
60 , Continental . 124
0s 1942 ................. JAJ
Meriden Britannia Co..25 55
100
Atlantic
T r.. 135
85
Corn
Exch*..
jPhemx......
.
275
9
13 ! East River.. 130
Mich-Pen Car—Com.. 100[
1. list.
Central Tr’st. 1350
. .1 Plaza*.......... 270
105 110
Preferred—See N Y Stoc k Exc h.
191
Colonial.
110
11th Ward*. 225
..
[Prod
Exch*..
91
!
87
1st
5s
1942...........
MAS
23
t 10
Continental . 187
ifth ........... 220
. . Republic .... 155%
Bliss Company—Com..50 85 100
Minneapolis Brew 1st 7s. 101% 103 | F
Consolidat’d.
Fifth Ave*.. 2000
.. I[Riverside*... 190
105 1 First............
Preferred................. 50 102k n o
Mosler Safe Co......... 100
Farm Ln ATr 900
220
..[Seaboard.... 175
Bond & Mort Guar... 100 190
Monongahela Water...25 85 .......
Fifth Ave Tr 340
..II Second........ 450
First (8t Isl) 130
Carter-Crume—Pref. . 100! 55
Nat Biscuit—See N Y Stoick Ex ch.
Guaranty Tr 423
.. [Seventh....... 115
172%
Celluloid Co................ 100; 04
j Fourth........
08
Preferred—See N Y Sto ck Ex ch.
Knick’rb’ck’r 225
|Shoe A Le’th 93
so : 14th Street*.
Cent America Tr'nslt. 100
National Casket C o ...100 00
k
Manhattan 160
300
Franklin......
..S i x t h ......
25
Cent Firew’rks—Com. 100
2
National Saw—Pref. .100
Mercantile 400
.. |State* ....
202 11 Gallatin...... 300
Preferred................ 100 . 40
National 8urety........100
42
Metropolitan 300
Gansevoort*.
I!State
Of
NY*
75
40
Chateangay OreA Ir 6s ’ 15
National Wall Paper.100 05
N Y L I A Tr 1175
Garfield........
..
I
i
Tradesmen’s
950
50 ......
Ches A 0 Grain El—Inc.. 10
17k N Y Loan & Imp........100
N Y Sec A Tr 300
Am* 112
..h 12th Ward*.. 125
4s......................
67
63
N Y Biscuit 0s 1911.MAS 114 U5k German
North Amer.
Ex*. 200
.. 28d Ward*... 100
Chesebrough Mfg Co. 100 350 370
New Jer Zinc A Iron.. 100 100 ...... German
Produce Ex.
225
..
Union...........
365
Germania*...
Claflin (II B )-lst pref.100 90
05
N Y Air Brake—See N Y S lock E xch. [ Greenwich*.. 105
Real Est Tr’t 200
.. Union Sq*.... 175
2d preferred...........100
Nicholson File Co........50
4*k ...... 1! Hamilton*... 105
88k 90
State
Trust..
150
..W
estern
......
5
9 ! Hanover......
Nicaragua Construct. 100
Exch.
Union Trust. 1030
275
West
Side*.,
380
Peck, Stow A W ilcox..25 t 18
75
US Mtg A Tr. 285
175
80
Hide
A
L’ath
j
Yorkville*..
.......
Collins Co..................100! 113
Pegamoid (£1 shares)....
Unit. States.. 1170
Home*.........
Pennsylvania Salt Mrg.50 102 104
Comstock Tun—1st inc...
2
4
Washington. 225
| BR’KLYN.
Hudson Riv* 140
Consolid Car Heating. 100 82
BR’ KLYN.
30k Peun. Steel 5s 1917.MAN
215
■Bedford*....
480
Imp
A
Trad.
12
10
405
10
Penn. Water—C om ....50
Consol Flrew'ks-Com.100
[Broadway*.. 190 200 Brooklyn Tr. 390
Irving......... 147%
Preferred.............. 100
225 215
Phil A Wll Steamboat.50 132 140
40
45
Franklin......
132%
Brooklyn*
...
Leath erMfr. 180
235
3
Con Kan C Smelt A Ref.25
Pneumatic Gun Car’ge. 10
85
m
95 Hamilton....
18th
Ward*...
Liberty
.......
150
8
:
4
Consol Rolling Stock. 100' 17
Pratt A Whitn—Com.. 100
20
Kings Co..... 280
5th Ave*.... 104 107
Lincoln........ 750
50
Cramps’ e»h A Er. Bldg. 100 70
Preferred................100 45
75
Isl L A Tr. 220
(First............ 380 390 L
Manhattan*. j210
Procter A Gamble.... 100 225 ........ Market
Diamond Match Co.. .1001 180% 140
180 200 Manufact’rs. 237
Fulton*........
225
A
Ful
165
Easley Land....................
Preferred...... ........ 100 100
100 Nassau........ 159 101
90
'Ger
Amer*..
175
Mechanics’
.
.
10
R.I. Perkins Horse Sh.100
People’s — 250 253
75
Eppens Sm A Wlem ..100
!Hamilton*... 105
Mech A Tra* 100
40
Preferred ................100 80
95 100
tPrice per shaie
Russell A Erwin........... 25
ke 1 with an asterisk (*) are State banks.
05
80
*
Banks
mar
Fidelity A Casualty.'.. 10<> 25>
Safety Car Heat A Lt. 100 *90" ioo "II $ Purchaser al*o pays accrued interest.

THE CHRONICLE.

312
3

ost3 n, F>tilidalphia and Baltimora Stock Exchanges—A Daily and Yearly Record.

T ^* S h are P rice# —Not P er C e n tu m P ric e s .
Saturday,
A ug. 6.

Monday, ' Tuesday,
Aug. S. j Aug. i).

71
71 [ *70% ..... J •70%
71
71
33% 22%| 23% 33% 22% 22% a a «
22% 234
32%
210
• iil 227% 3374 228 , 235 250
9*0 313
06% 06% 004 0041 00%
66 % 66% 06% 67
•23* . . . . . . ♦224 225 i 2344 325 ♦225 ........j •225
165 165
104 liU
65 » 165
165
•L64 165
118% ll4%i 111%
119% U3% 118% U3%| I 12% US
122%133 124 194% 12314 124^1 18*54 125 125
130 120 | 120 120 1 110 120 ' 120 120
180«
102% 1C3M 104 104%| 1034 1034- 10316 105% 105%
«
U
24% 21% 24% 24.4 2454! 2446
4 4 24
344
4 0 4 41
39%
ss>!» *1
404 404 40%
49% 30 H
504 524
51W
100
1054 1054 •104
105
•108%
1 1 0 3 4 1 05
•30
10 | *39
40
394 39%l
•88
90
00
*88
89%
*8 8 4 ' 0 1 *' •00
•884 90
*66
68
08
•00
08 I
*00
*60
2 0 %»
094| 80% 814 804 904 204 2 14 20%
5
•4% 5 :
5
iH
5 1
•44 " ’ ■m
•80%

81 81

314 304 314
31
30% 31
744 744 1734 744
73% 74
1034194
•193 * 195 | 193 193

278
139
1144
2074
26
•570
044

279
139%
L144
2094
2054
580
644

2784 2794
139% 1404
115 115
2094 2094

254 25

•575 . . . . . .
•544 65
224
2
2
5
4
344 224
35
35
33
4 1 4 414
394 41
71 71
694 71
g »4 594 594 62
22 •21 22
22
37
37
374 374
54
54 1365%136574
*135
274
204 ’264 26
204 304 204 2 0 4
1 2 1 4 124
1194 120
•144 144
144 144
51
51 5 24 524
•1 1 4 27
•1
14
4 30
♦27
55
55
• Bid and asked prices;

INACTIVE STOCKS
RAILROADS.—P rices
At Top AS Fe..(Bost)100
Atl A Charlotte (Balt) 100
Balt A Ohio.... 14 100
Bos A Maine pf.(Boat) 10C
Boston A Prov. “ 100
Catawissa........(Phil) 50
1st pref......... 14
50
Central Moss...(Bost) 100
P ref............. 44 100
Central Ohio... (Balt) 50
Chic A W Mich. (Bost) 100
Ctt’ sS tof IndsT(Plul) 100
City A Suburb. .(Balt) 50
Conn A Passum(Bost)100
Conn R iver.... 44 100
Flint A Pere M. “ 100
Pref................. 44 100
G'rmant’n Pass(Phil) 50
Hestonv M A T 44
50
P r e f ...........
50
Hunt A Broad T 44
50
P ref................ “ 50
K C Ft S AM ..(Bost) 100
P r e f ............ 44 100
Little Scbuylk.(Phll) 50
Maine Central.(Boat) 100
Metropol Stt...(Phil) 100
MlnotullASH. 44
50
NeHcjuehon’g V. “
50
New England..(Bost) 100
P r e f............ “ 100
North Penn----(Phil) 50
No A W Branch “
50
Penn & NAV... “
50
Phil A Erie...... 44
50
Phil Germ A N , “
50
United N J...... 44 100
United Tr o f P. 44
50
P ref................ “ 50
West End pref.(Boat) 50
West Jer A S 3.(Phil) 50
West N V A Pa. 44
50
Wlscon Central (Boat) 100
P ref................ “ 100
Wor Nash A R. “ 100
MISCELLANEOUS.
Alloaez Mtulng(Boat) 25
Am Ry El Lt.T. (Phil) ....
Anaconda Min.(Best) 25
Anniston Land. 44 100
Arnold Mining. 44
25
Ash Bod Mm’g. 44
25
Atlantic Mln’g. 44
25
Baltic Mining.. 44
25
Balt WarehofB6(BftIt) 20
Bay State GasT. f Bost) 50
BergAEng Br'w(Pbli) 100
P r e f ............‘ 44 100
Boston Elec LL(Bost)100
Boston L and... 44
10
Boylston St L’d 44
15
Cambria Iron,. (Phil) 50
Canton Co., , . . , ( Balt) 100
Centen Mining,(Bost) 25
Central Trans.. ( Phil) 38
Do min Coal pf. (Bost) 100
Edison El III... 44 100
Ft Wayne ElecT 44
25
Franklin Mln’g. 44
25
French Bay Ld. 44
5
General Elect., 44 100
P ref----- -------- 44 100

279 2794
1374 1894
115 115
2094 210

704

02
•21

374
04

274 27T*
20
204
123 1234

•52
144 52
144
n
29
56

1h
30
56

n o sale was

80%
o r i*
21
5

2804 281
138% 140%
•114% 114%
210 212 4
20
204
580 580
64% 654
224 224 23

404
71
624
024
22
*2 14
374 374
54 5%

71

53
105

279% 280
137% 139%
114% 114%
210 2104
25% 26
580 580
04% 04%

254580
264
644 644
224 224
224
334 41
344 334 334
39

575

105
115%
125
ia 0 H
1004
3»,

294 294
594 59%
93% 94%
9 3-10 9%
21 9-10 21%
10 13-10'
25% 25%
63% 64
20% 204
87% 87%

59
594 59 4 594
9 t h 984 924 934
9.4 9 3-10 9 1-10 S-10
9
%
94
81% 21 9-10! 214 U-10
214 214
10 9 16
10 11-16
25% 254 254 254 25 25
634 03% 684 631* 63
634
19 « 2 0 4
194 194 194 194 87
87
884 804
8 6 4 804

U t il r<m<! S lo ck * .
70 06 Jan.
Baltimore City Passenger... (Balt.) ... 25
i 75% Feb, 11
2.08rt 21% Apr. 20 24% Fob. 14
Baltimore Consolidated.......
324 21% Mar. 12 21% Feb. 23
Baltimore Consolidated?.... (Phila.) ...
339 2174 Mar. 29 250 Aug. 9
Boston & Albany................ (Boston)... .100
.100
1,109 52% Mar. 20 07% July 12
66
;4 004 Boston Klovated......... ..... “
52 215 Apr. 2 225 Jon. 23
Bostou & Lowell...................
.100
Boston & Mnine.......................
. 100
**
153 t0O Mar. 12 171% Jon. 7
.100 17,4731 85% Mar. 26 115% Aug. 1 1
1134 II-1 4 ,Chic. Burl. & Quincy............
125 125 Chic. Juno. & Un. Stock Yds.
"
•100; 2,125 102 Mar. 14; 125 Aug. 10
121 121 I Preferred........................
121 105 Mar. 12 121 Aug. 12.
“ .iooi
105 IO5 4 !Chic. Milwaukee & Si. Paul. (PhilnD ... .100
5,915 884 Apr, 211
Aug. 11
244 2 1 -4 Choctaw Oklahoma & G ulf.. “ ... . 50 8, l flu! 9 Feb. 25 106%
24% Aug. 8
404 404 Preferred...............................
44 ... . 501 9 ,
27% y99j
Jan. 4 •11 Aug. a
51:4 514 Consol. Tructlon of X. J.7... ** — .100 5,735| 37 Jan. 3 53 Aug. 11
801 98 Mar. 28, 100 Aug. 9
Fitchburg, prei'.....................(Boston)...,.100
100 27% May 9 39% Aug. 10
Go. Soutiiorn & Florida....... (Balt.) .... .100
1st preferred....................
44— .100
81 31ay 25 89% Aug. 11
07
07
75 55 May 3 07 Aug. 12
2d preferred........................
" — ,100
1,170 19% July 22 20% Jan. 3
20% 21 Lehigh Valley....................... (P hila.).... . 50
Mexican Central................... (Boston) — ,100
425
4% Apr. 6 0% Jan. 12
•804 81 Northern Central............. (Balt.) .... , 50
10 704 Jan. 14 83 June 30
.100 L2.016 19 Feb. 24 344 Aug. 12334 344 Northern Pacifio...................(Philo.)
73% 73% Preferred...............................
.100
4,118 57% Mar. 20 74% Aug. 8
i(
19 185% Mar. 16 195 July 9
Old Colony......................
(Boston)______
.100
15 18 Jan.
Oregon Short Line...... .
“
— .100
4 38% Feb. 17
077 55% Mar. 12 60% Feb. 7
59% 59% Pennsylvania. .... . . . . . . . ___ (Phila.) ,.., . 50
93% 944 Philadelphia T ra ction .......
306 77 Mar. 25 91% Aug. 11
44
.... , 50
9 1-16 8-10 Reading Company..............
919 7 13-16 Miu-25 11% Janl 6
44
.... , 50
21% 21 7-10 1st preferred......... .
923 18% Mar. 26 27 1-10 Feb. 3
44
.... , 50
10% 104 2d preferred........................
348
“ .... , 50
9 4 31ar. 25 14 9-10 Feb. 5
056 16% Mar. 25 25% Aug. S
25% 25% Union Pacific......... ........... .(Boston) — ,100
03% 03% Preferred.............................
039 47 Mar. 251 01 Aug. 11
44 __ ,100
740 12% Jan. 3 20% Aug. 11
2 0 % 2 0 4 Union Traction......... ........... (Phila.).... . 50
87% 874 W est End Street.. . . . . . . . . . . . (Boston)..., . 50
273 78 Mar. 25 87% Aug. 11
dllftcellitneouH b ro c k s.
280% 28 L American Bell Telephone... (Boston),... .100
1,007 238 Mar. 12 281 Jnly 27
American Sugar Refining 7..
44
.... ,100 22,739 107% 31ar. 20 145 J une 6
Preferred 7..........................
“ .... ,100
123 103 31ar. 25 110 Jan. 6
2124 2184 Boston& Montana..................
“ .... , 25
6,385 1404 Jan. 4 2 1 3 4 Aug.
20% 20% Butte & Boston*.....................
44 .... , 25
4,505 18% Mar. 12 28% Feb. 2
Calumet X Heela .....................
44 — , 25
20 480 Jan. ■’ 580 Aug. 9
030 52% Jan.
Consolidated Gas................. (Balt.) .... ,100
654 Aug. 11
Dominion Coal.....................(Boston) — 100
284
22%
1,870 14 Mar.
244 Juno 8
3,987 18% Mar.
37% Aug. 2'
334 33% Electric Storage Battery T .. (P hila.).,.,,100
40
Preferred 7 ....................
44—100
40
42% Aug. 2
1,445 21 Mar.
72r' Jan. 5
73
72 Erie Telephone.................... (Bostdn)___ 100
1,070 59 4 Mar.
65
“ .... ,100
05: Aug. 11
1,743 4-1% Mar.
65% Illinois Steel.............................
50 20 Mar. 12 234 June 8
Lamson Store Service.........
44
.... 50
•374 37% Lehigh Coal X Navigation.., (Phila.) ..., . 50
43% Jan. 7
136 37 July
44
1,262 5 May
,100
5% 5% Marsden Company 7................
11% Jan. 11
14 2 Aug. 11
149 120 Mar.
Now England Telephone... ..(Boston)... 100
8,522 21 4 Jan.
Old Dominion Copper 7...........
41 ..., , 2a
32% Mar. 2
2 0 % 2 0 4 Pa. Mfg. Light X Power7 ... (Phila.).... , 50 83,216
20% Aug. 5
0 Apr.
“
.... , 50 12,153 97 4 Feb.
121%122 United Gas Improvement7..
IS* Aug. 8United States Oil..................(Boston)
, 25
15% June 30
60 10% Feb.
62% Jnly 5
400 334 Feb.
504 51 Welsbach Light7 ................ (Phila.).... , 5
West End Land....................(Boston) — 25
1 Jan.
100
1% Jan. 3
Westingh. Electric X M /g...
44
.... 50
801 20% Apr.
314 Aug. 11
58% Aug. IO
Preferred........................
“ 50
.... 50 Apr.
347
Instal paid. f Tr. recta. 7 Ex rights, ii Lowest is ex divi dend.
•71

23
22%
245
00%

Si
334
73 H 73t^
195
*193

58% 58%
914 93

404
714
714 71%
654
64% 65
22
•2 14 224
374 •37 . . . . . .
5%
54
54
142 142
274 27% 274 27%
20% 204 20% 20%
122%128% 121% 122%
*14% 14% 14% 14%
52
52
50
50
1
1
H
1%
30
30% 304 314
58
58
574 584
m ade, t Tr. receipts: all

824 I P
•224

Bid.
S T O C K S -B O N D S
Aug, 12.
M1SCEL L,—Concluded.
10
14% 14% IntB utH A S M “
3
114
Marsden prefY (Phil) 100
185"
154 104
50
162 165
280
P re f................ 44 1
53
Osceola Mining(Bost)
53
10
Parrott Stl&Cop “
Pennsyl Salt... (Phil) 50 104
Pennsyl SteelT.
44 100
30%
Pref 1.............. 44 100
Phil’delphia Co(Bost) 50 84
------■
■
~
100 IS 9«
Pullman's Pal
25 115
Quincy Mining.
153
10
Reece Buttonh.
Santa Ysabel G
5
m
Tamarack Min.
25 163
United El Sec..
50
100
P ref..............
100
Water Power..
Welsbach Com?(Phil) 100 - 1.11
10
Pref 7 ..................... 4410071
Westm'rel Coal(PhlJ) 50 50
384
Wolverine Mln.(Bost) 25 2-H4
Wollaston L’d. “
5
B id . I A s k .

131
157
50

158

98
95

ioo*

*54*

25
10
18
1554
256 257
12% 13
45
105 1054
54
8% 8%

4%
2%

S“

174
3
284
19

17%
3%
274
19%

w " » ’
.... 70
140 149
4 4 ......
46
724
70
17% 17%
110 111
1834 185
1
14%
4I
99

41%

of^the Range o f Sales in 1898.
Week. !
|S h a res i Lu west.
Highest.

A C T IV E S T O C K S .
H Indicates unlisted.

Wednesday T h n rs d a y .
A ug. 10. . A tig. u .

*70% . .... .

•SO'4....

[V ol. LXVH.

Ask.

B ON DS
B oston—C on cluded.

s | O gd A L C c o n 6s.’ 20 A A O

Bid. A s k .
93

W e s t xNC co n B s.1914 J&J
W e s t VaC A P 1st6g. ’ 11J A J
W ilC o lA A u g 03.1910 JA D
W il & W e ld 5s., 1935 JAJ

1 In com e 0s........ .. .. 1 9 2 0

180 j Rutland 1st 8s. .’ 02 M&N
2 d 5s....... . .. .1 8 9 8 F A A

152 ' W e s t End St 5 s , . ‘ 02 M&N U05
5*H| 4 % s ................ 1914 M&S
G old 4 s ......... 1910 M&N
4 s ..................... L917 F & A $......
18
Bonds—B a l t i m o r e .
33
A t l & Ch 1st 7s. 1907 J&J 119
30
..... . AtlGK LIghtlstos 1917J AD
B alt B elt 1st 5s. 1990M &N
994
BaltCPas Lst 5.9.1911M&N 115
10
B alt F u ndg 5s.l91t3 M&N
5
105 | E xch ange 3 4 s . 1930J&J
Balt& O bio 4s g. 1935 A&O 117

PittsA C on 5 g .l9 2 5 F & A
Stat Isl 2 d 5 g. 1920 JA J
R eceivers ce r tif 0S.J&D
D o M aryland Con str 5s.
Do Pittsb & Con 5s,J&J
D o Main L in e 5s..
B& O SW 1s t 4 4 g. 1990J&J
Balt& PlstG sm 1 1011A& O
1st 0s tunnel 1911..J&J
B ond*—Boat on.
Bal True 1st 5S.1929M &N
Am Beil Tel 7s. 1898 FA A { 101M
E x t & Im p 0S.19O1M&S
A T A 8 F g on g 4s.’95 A AO 5 94
N o B altD lv 5 s . l 9 12J A D
Adjustment g 4s.. 1095 { 72M 78
C on v'rtib le 5si906M & N
B A M 3d is 7s.’02-07M&N
CapeF& Ysr A 0g. 1916 J & D
Boston Terra’l 3 4 s .. 1941
1st 0s sor B.. 1 9 16 tr rec
Bos UnGas lst5 s.’39 JAJ 4 93
1st 0s ser C ..1910 tr rec
2d M 5s.......... 1039 JAJ 5 70
Cent O hio 4 4 s g . ’ SO M AS
BurA Mo Riv ex’pt 6s. JAJ $118
Central R y 0 s . . . 1912 JAJ
Non-exempt 0s.’ 18 JAJ $........ 109
Consol 5 s . . . . 1932 M AN
Plain 4s.......... 1910 JAJ $ 95
E x t & l r a p 5s. 1932M AS
109
Ch BurA N lstos.’2G A&O
CharlCA A ext5s. 1910J AJ
2d M 6s ...... .1918 .TAD
Ch Bur A Q 4s. 1922 FAA J100 ..... . Chesap Gas 0 b.. 1900 JA D
Clty& Sub 1at5s. 1922JA D
Iowa Div 49.1910 A&O $ 98
C ofA G ruvlstS-G . 1917.JAJ
Chicago June 5s.l915 JAJ $115 in i
Consol Gas 6s. .1 9 1 0 JA D
60
Ch A No M go 5s. ’31 MAN $ 58
5s......................1930 JA D
Chi A W M gen 5a.*21 JAD $ 70
G a & A ia ls t p f5 s l9 4 5 A AO
Con. o f Verrn’ t 5s.’ 13 JAJ * 73
75
G aC arA N lst5» g. 1929.1AJ
Curr’t Riv 1st 5s.’27 A&O
80
D G R A W 1st. 4s.’46 A&O j aau 80 | G eorgiaP lat5-0s 1022J&J
(JaSo A FI a 1at 5 s. 19 4 5J A T
DominCo&l IstOs.’ lSM&S $100
Lake RE1 1stgu 5s‘ 4 2 M&S
East’n IstM flsg.’ QO M&S ^118% 120
M acAN 1st 4% s. 19 90 MAS
Fr ElkAM V 1st 0s ’ 83 end $137
M etSt( W ash) 1at 5s‘ 25F A
Unst’ p’d 1st 0s.’38 AAO $137
Illln Steel conv Ss.'lO J.tJ « 935< 04^ N ew Orl Gas 1st 5 s . . . Var
Debenture 5s. 1913 A AO { «0
91% N orthC ent 4 4 s. 1925A AO
0s 190 0..................... AAO
KCCA Slst59g.*25 A&O $ 75
85
6s gold 1900 .............1AJ
K C Ft SAG 1st 7».’ 08 JA d |5115
0s 1 9 0 1 .........
...J A J
K C F 8&Mcon 0s.,28MAN $L08 104
Series A 5? 1926....J A J
KOMAB 1st 4s..'34 MAS $ 80
Series B 5s 192 0 ...... l&J
Income 5s..................... $ 34
35
K CA M RyAB 5.h.'20 A&O $102 108 ; O h ioA M lst7S D l9G 5 M A N
PittsA C on 1st 7s 1898J& J
K C St Jo AC B 7s.’07 JAJ ?118>i
P itt Un T ra c 5s. 1997 JAJ
Lams'n St'ro S 0s.’ O9 MAS $........
Potom V al 1st 5s. 1941 JAJ
L RockAFS 1st 7s.*05 JAJ $........
Seo A vTn { P11ts) 5 s’ 34 J & D
L BAStL lsfc6Rg.*20 AAO *
V
Seab A R oan 5s. 1920 J&J
2d M 5-6 g,..,l930 AAO
Virg Mid 1s t 0s. 1906 M AS
Mar El A Ont 6s...'25 AAO $110
Mox Central 5s. 1917 AAO $........ . . . . . I 2 d series 0s. .1911 M AS
3d series 6 s .. 1910 M AS
4s g............... 1911 JAJ $ 68
4th scr 3-4-5s. 1921 MAS
1st con lno 3s g non-cum 12%
5th series 5s. 1920 MAS|
2d con Inc 3s hon-cura..
V a (State) 3s n ew .’ 32JAJ
New Eng Tele 6s.‘ 99 A&O 3 ......
Fund dobt-2-3s. 1901 JA J
0 s................1907 A&O 1 ......
V aA T en u 2d 5s. 1900 JA J i
N VAN Eng 1st7s.'05 JAJ 5118%
8 s........ .............. 1900 .J&J 1
Istmort 0a„ ,.1905tT&.l m 3

20
75
- ■- - 1r
25

101%
103%
115%
70
41

109
115
1104 117%
117
110

118

B id .

95

119

il2*
103
117
117
1004 107%
108
104% 104%
111
103% 104%
lit
117%
114%
96
105
78 • 80
73%
100 105

A tl City 1st 5s g .,’ 10 M A N
Buffalo R y c o n 1st 5 s . . ’31
Cataw issa M 7s. 1900 FA A
ChesA D C a u lstS s.’ lG JA J
C h oc O kla & G p rior lie n 0s
G eneral 5 s . , . . 1919 J&J
C it’s ’St R v (ln d ) c o n 5s.’ 83
C o lu m S t R y 1st c o n 5sJ32
Colum O C r o s s t ls t S s ./S S
C on T r a c o f N J 1st 5s..’ 33
Del & B Bk l s t 7 s . ’ 05 F& A
E ast& A 1st M 5s.’ 20 M&N
E d iso n E le c 5s stk tr etfs.
E le c A P e o p ’ s T r stk t.r c tfs
El m A W il m 1 st 0 s. ’ 10 J&J
In c o m e 5 s ... ,2 8 0 2 A&O
Eq 111 G as-L 1st g 5s. 1928
H e s to n v M A F co n 5 s .’ 24
H A B T o p co n 5s.’ 25 A xO
In te rn e t N av 0 s ........1900
K C Sub B 1st 6s..’ 20 JA D
K C P A G 1st 5 s ..’ 28 A A O
L eh igh N av 4 4 a . .'1 4 Q -J
R R 4s g . , . . . . .19 1 4 Q -F
C on sol 7s....... 1911 J&D
G en M 4 4 s g . . 1024 Q -F
Leh V C ’ l 1st 5 s g .’ 33 J&J
L e h Val e x t 4b.. 1948 JA D
2d 7 s ............. 191 0 M&S
C on sol 08.......1923 J&D
A n n u ity 0s...............J&D
N ew ark Pass c o n 5s. 1930
N Y P h & N o rl8 t0 s.’ 23 J&J
N o P en n 1st 4 s ..’ 30 M&N
G en M 7 s ..........1903 J&J

Penn gen 0s r... 1910 Var
Consol 6s c . . . . 1905 Var
Consol 5s r .... 1919 Var
CollatTr 4 4 s g.’ 13 J&D
Pa & N Y Can 7s..'00 J&D

A sk.

115
108
1L5%

B on d s— P h ila d e lp h ia

*79*

120
104%
im

BONDS
B a ltim o r e —Conciu’d.

109

100
704

1094
94% 95
1054
107 107%
114
1044 105* *
100 1 6 2 4
764
110
1024

95%

iVi% 112
115%
123
112
113

Cons 5 s , ____ 1939 A&O
Cons 4 s ..........1939 A&O
P en n Steel lst-Ss.’ l ? M&N
P e o p le 's T r tr certs 4s.’ 43 104 •
P erk iom ls t s e r 5 s .’ 18 Q-J 101
P h ila IQloc g o ld tru s t c tfs 1034 104
P h & E r gen M 5g.’ 20 A&O
G en M 4s g t .1 9 2 0 A X O
P h & Read 2d 5 s .'3 3 A&O
Consol. M 7 s .. 1911 J&D 131% 131%
Con M 6s g . .. 1911 J&D
E x t Im p M 4s g .’ 47 A & O 103%
Con M o f ’ 82 4s.’ 37 J&J 103
1 0 - y r s f 5s g.1 9 0 2 F & A
T erm in al 5s g.1 9 4 1 Q -F
P W il & Bal14s. 1 0 17 A & 0
107%
C ollat trust 4a, 1921 J&J
P itts C& StL 7s. 19(10 F A A 105
83% 84
R ead Co ge n 4s, 1 997 J&J
R o c h e s te r R y c o n 5 s .l 9 3 0
S ch R E S id e lstS s g ’ SS.J&D
U nion T e rm ’ l lB tSs.ir& A
U nited N J 4 s . . 1044 M&S
U A T racP itts g e n 5 s ’ 97J&J 103%
SAnd accru e d interest.
T Unii sted*
•Price in clu d es o v e r d u e c o u p o ns.

THE

A ugust 13, ISOS.J

CHRONICLE.
R oads .

jm r e s tm c ix t
1KD

f j a i t o a d

in t e llig e n c e .

R A IL R O A D

E A R N IN G S.

The follow in g table shows the gross earnings of every
3TEAM railroad from w hich regular weekly or m onthly returns
oan be obtained. The first tw o colum ns o f figures give the
gross earnings for the latest week or m onth, and the last two
oolumns the earnings for the period from January 1 to and
including such latest week or month.
The retu rn s o f the street railw a ys a re brou gh t togeth er
a ra tely on a subsequent page.

R oads

Latest Gross Earnings.
WeekorMo

A diron dack...... M ay............
Ala. Gt. South., lstw kA ug.
Ala. M idland.... A p ril........
Ala. N. O. Tex. & Pao. J n n c .
N Orl. & N. E Ju ly ..........
Ala. <k Vioksb. Ju ly ..........
Vicks. S h.& P . J u ly ..........
Allegheny V al.. J u n e ....... .
Ann A rbor.........IstwkAug.
A rk .M id lan d ... May

1898.
16,567
32,023
61,697

sep­

Jan. 1 to Latest Dale.

1697.

1898.

$
15,993
31,095
I 44,144

95,916
1,002,181
257,645

1897.
*
87,098
909,505
229,914

800,216
98.163
109,485
715,705
39,136
378,488
43,876
315,752
44,790
39,185,
375,465
290,310
221,764 219.887 1,268.622 1,151,734
23,827
22,7631 858.073
7*9,257
7,511
7,586
4 9 .H 8
36,163
3,000,500 2,718,021 18,788,338 16,081,000
Atch.T. AS.Fe.e June .
668,297
Atlanta & Char. M ay.......... . 124,590 121,425
682,954
24,218
24,558
176,188
A tl.K n ox .& N o. July
149,771
41,554
39,283!
Atlanta & W. P. May
233,638
226,276
9,790
9,612!
329,953|
Atlan. <fe Danv. .Istw kA ug
313,391
9,542
10,914
52,380
75,211
Austin A N ’ west May
Balt. & O h io .... J u n e ........ 2,328,015 2,208.798 13,548,023 12,068.769
Bal. & O. Sou’ w. IstwkAug. 125,925, 128,041 4,022,732 3,631,783
Bath <feHam’nda J u n e .........|
1,459
1,586
10,037|
10,181
Blr. & A tlantic. Ju ly ..........
1,592
1,560
14,346
11,979
Brunsw’k&Weatj A p ril........
45,950,
44,606
189,533
177,718
Buff.Roch.«fePitt IstwkAug.
78,69 > 66,082 2,217,129 1,944,880
B uffalo& 8u sq.. J u n e .........
52,716
48,867
*268,802
270,009
Bur.O. Rap.& N. 4thwkJuly
105,702 107.961 2,231,839 2,163,002
12,306,'96
OanadlanPaciflc IstwkAug. 468.0c0 487.000
‘"
'14,088,019
*~~
~~
-----'
1-----1
9,300!
~
Car.
M idland....
J u ly .
5,788!
33.549
30,233
Cent.of Georgia 4thwkJulv! 149,524 121,356, 2,903,042 2,739,684
Central of N. J .. J u n e ......... 1,054,068 1,026,083! 5,747,817 5,526,598
Central Pacific. M ay.......... 1,474,335 1,044,817 6,062,410 4.728,357
Uharlest’n&Sav A p ril.........
52,226
48,074
265,482
240,141
Chas’n &, W.Car. Maroh.......
87,529
79,564
260,457
241,183
Chattan’ga 8 o .. 4tliwkJuly
2,276
2,459
40,107
43,425
Ches. & Ohio— IstwkAug. 204,782 224,146 6,839,373 6,531,497
Chic. Bur. & Q.tf June ____ 3,192,949 3,022.133 19,851,751 16,941,347
Chic. A E ast-Ill. IstwkAug.
86,508
64,408 2,401,130 2,258,178
Chic. Gt. West’n IstwkAug.I 105,175
93,882 3,082,937 2,765,300
Ohio. Ind. A L . IstwkAug.
64,973;
60,495 1,887,194 1,753,285
Chio.M il.ASt.P. IstwkAug. 624,759 600,472 18,919,332 17,062,348
Chic. A N ’thw’n. J u n e......... 2,995,884 2,914,527 16,994,655 14,336,809
Ohio.Peo.&St.L. Ju ly ..........
50,873
53,719
466,908
458,716
Chlo.R’ k I. A P.. J u n e ......... 1,576,70911.385,015 9,352,636 7,862,376
Chlo.8t.P.M.AO. J u n e ........
614,141' 635,5881 3,724,546 3,446,865
Chio.Ter.Tr.RR. IstwkAug.
24,316
625,530
684,004
21,540!
Chic. A W. Mich. 4thwkJuly
878,487
44,526
40,862 1,004,378;
Choc.Ok.&Gulf, June
98,429
477,445
739,873
60,846,
Cin.G.APorts’ th July.
5,488
33,427
32,444;
5,577
Cin.N.O. A T .P . July.
399,934 312,602 2,583,416 2,031,839
52,283
Cin.Ports.A Vir. March....... i
22J16
19,4121
61,403
Q7o!
353,632
Clev.Can. A S o.. ithw kJuly
21,487
14,638
Cl.Cin.Ch.A8t.L 4thwkJuly 376,038 338,357! 7 ,999)1 17j 7.527,318
Peo. A E a st’n. 4th wk July
41,006
927,901
40,0531 1,036,451
01. Lor. A Wheel. IstwkAug.
___
711,912
868,674|
29,434
17,688
Col. Midland___J u ly ............ 140,953 143,507
927,015
903,990)
Col. H. V. A T o l. Ju ly ..........
202,516 155,986 1,427,665| 1,271,106
410,915
Col. 8and’y A H. IstwkAug.
21,074
473,309'
7,511
10,955
Colusa A L ake.. Ju ly ..........
*1,300
9,850
2,155
Crystal............... J u n e ..........
5,658
7,166
1,2151
868
360,226
Cnm bTd Valley J u n e ........
76,411
388,721
92.797i
Denv. A Rio Gr. IstwkAug. 157,400 139,800 4,711,857 3,993,555
37,248
4,433
DesM . A K a n C . IthwkM ch
41,212
4,536,
228,452
Dee M. N. A W. 'Ju ly ..........
294,686
35,067
35,485
693,476
Det.G.Rap.AW . tthwk.July
814,521
29,839
29,366
130,715
Det. A Lima No. IstwkAug.
248,832
5,962:
9,630
213,840
Det. A Mackinac M ay..........
232,011
51,747
42,180i
862,002
Duluth 8.8. AAtl UhwkJuly
58,002
59.989' 1,023,791
651,669
E lglnJoL A E ast-July..........
98,814
850,986
90,037
■Tie................... . | M a y 2,826)328 2,716)875 12,766)698; 11,989,311
28,798
Eureka S prin gs.'June..........
25,924
4,338
4,676[
163,503
170,849
Evans. AInd’plls Istw kA ug-!
6,901
7,144
616,163
Kvansv. A T. H. IstwkAug.
21,506
692,087
22,403
Fitchburg..........M ay............ ! 615,928
608,853 2,327,949 2,681,922
Flint & P.Marq. IstwkAug.
53,385
46,138 1,699.115 1,579,944
Fla.Cent.A Pen. 14thwkJuly
77.596
44,633 1,788,478 1,364,272
590,256
Ft. W’thADen.C.;IthwkJuly
728,384
23,444
26,378
161,658
Ft. W. A Rio Gr. Jthwkjuly
252,090
8,488
9,087
5,103
Gads. & Att. U July..........
4,266
624
723
828,637
Georgia BK.......MthwkJuly
853,402
36.516
32,655
592,243
710,084
GeortOa & Ala..'IstwkAug.
27,394
17,548
427,609
Ga. C'ar'la A No. June_____
403,494
52,919
57,533
483,549
Geo. So. A Fla.. July..........
571,750
89,531
76,622
Gr.Bap. A Ind..'IstwkAug.
48,155
42,036 1,220,014 1,108,503
233,787
259,972
Cin.R. A Ft. W.[ IstwkAug.
8,917
8,126
22,806
24,437
Traverse City.[IstwkAug.
849
947
64,>r79
Mus. G. R. AI.[IstwkAug.
71,291
2,497
2,775
Tot alllines, iIstwkAug,
53,884 1,575,713 1,429,971
60,418
Gr.Tr'nk Syst’rn; IstwkAug. 427,393 444,333 13,667,891 12,865,942
Chic. A Gr. Tr. 13d wk July
62,876
55,747 2,043,926 1,615,766
512,619
475,375
Bet.Gr.H.AM.:3d wk July
15,856
16,829
Great North’D—i
8t. P. M. A M. July.......... 1,410,375 1,447,002 9,269,148 7,575,015
835,554
930,222
East of Minn.[July..........
213,346 1G5.589
Montana Cent1July..........
165,290 166,229 1,164,003 1,127,588
9,538,157
Tot. system . July.......... 1,789,011 1,778,820 11,363,373
71,413
98,256
12,802
17,944
G’lfB'mntAK.C. July..........
23,548
26,289
Gulf AChlcago JJuly..........
2,851
2,819
24,399
24,400
6,054
Hoos.Tun.AWll. June........
4,764
1,102,773
178,339 179,227 1,108,857
Hous.ATex.CcnMay.........
Illinois Central 1;J une......... 12065303 1793454 113158238 t 10701694
137,484
140,363
Ind. Deo.AWest. April........
32,218
85,750
393,072
414,483
52,509
Ind. HI. A Iowa. June........
58,253
1,818,847
53,490 1,882,141
Iu.AGt.North’n. IstwkAug.
47,715
51,100 1,811,000 1,490,440
53,300
llnteroo. (Mex.)lWk July 23
920,031
34,195 1.072,479
Iowa Central.. . 'IstwkAug.
37,456

Latest Gross Earnings.
Week or Mo 1898.
18y7

313
J an. 1 to Lat st Date*
1898.

1897.

$
$
Iron R ail w a y ... July ___
3,064
2,237
28,806
20,250
Jack. T. & K. W J u n e ....
30,653
23,633
188,036
165,311
Kanaw'aAM ten lstwkAu.
9,901
11.821
322,543
305,100
K. C. F. Sobtt A M. tUiwkJ uly
94,471 116,080 2,680,714 2,536.854
K.C.M em .ABir. Jthw kjuly
24,592
23,831
843,285
6 47,201
Kan. C. N. IV— July.
21,764
25,775
191,661
181,689
Kan. City & Om. Athwkjuly
3,981
5,410
138,129
134,859
K. C. Pitts. A G. IstwkAug.
67.231
54,640 1,866,585 1,142,822
Kan.C.Sub.Belt. IstwkAug.
10,761
8,504
278,132
209,659
KeokukAWest.c 4tk w k ju ly
12,958
13.733
306,375
302,575
L. Erie A West. lstwkAu
63,328
69,686 1,973,820 1,975,974
Lehigh & H u d.. Ju ly .......
31,797
36,632
210,094
200,547
Lehigh Val. RR . J u n e ___
1,492,659 1,418,186 8.429,587 8,142,523
Leh. V. Coal Co. J u n e ___
1,155,950 1,233,520 6,491,127 6,378,075
L ex’gton&East. M ay.......
19,026
20.307
88,065
85,962
Long IslaudRK. J u ly .......
528,47(
525,925 2,366,012 2,207,798
Long Is. System. J u n e ___
481,799 472.635 1,936,982 1,794,740
L osA ng. Term.. July
10,416
11,419
49,506
51,168
Louis.Ev.ASt.L. Ithw kJuly
41,612
47,071
818,538
778,684
Lou. H. A St. L .. 4tlxwk J uly
14,791
15,540
282,391
254,622
Louisv.ANasliv. lstwkAus
387,630 405,942 13,124,317 11,980.787
Macon A B irm .. Ju ly....... !
4,280
4,556
30,423
32,673
M anlstique....... J u ly ..........
12,348
15,879
72,001
76,197
tM exican Cent.. lstw kA m
239,756 239,705 7,979,416 7,743,464
M exican Xnter’l. J u n e ___‘
271,929 236,829 1,665,972 1,542,766
tMex. National Istw kA ug. 106,980 105.700 3,629,018 3,547,669
Mex. Northern . M ay..........
44,352
48,715
228,793
271,749
tM exlcan R’ way W kJuly23
81,500
70.000 2,324,300 2,088,000
M exloan So.......3d wk July
12,600
13.554
375,282
401,186
Minneap.A St.L. IstwkAug.
41,530
39,706 1,193,804 1,128,542
M.
St.P.AS.St.M. 4th w kju
ly
97,554
106,759 2,117,670 1,918,039
Mo. K an JA T ex IstwkAug. 179,625 212,090 5,935,198 5,949,303
M o.Pao.AIronM IstwkAug. 460.000 481.000 14,721,114 13,020,312
CentralB r’oh. IstwkAug.
22.000
20.000
771,354
590,496
T otal.......... . IstwkAug. 482.00
501.000 15,492.468 13,610,808
M obile & B irin.. 3d wk July
4,282
5,187
196,337
166,247
M obile A O hio.. Ju ly..........
339.700 299,143 2,411,644 2,176,472
M ont-AM ex.G’f. Ju ly ..........
108.700 112,900
870,889
783,190
Nash.Oh.A St.L. July.
549,531 480,277 3,285,251 3,030,377
NevadaCentral. April
3,004
2,035
14,175
9.865
N. Y .C .A H .R ,, Ju ly.......... 3,298,217 3,632,250 25,470,640 24,973.926
N. Y. Out. A W . . IstwkAug.
79,322
86,812 2,166,968 2,262,495
N. Y .S u sq .A W . M ay....... .
185,850 181,922
863,250
826,663
Norfolk A West. IstwkAug. 215,3^2 219,356 6,510,284 6,197,155
Northes’n (G a.). April.
3,980
24,630
3,565
19,971
Northe’s’n(S.C.) Maroh
45,870
50,230
162,676
160,159
North’nCentral. June .
507.302 472,276 3.012,494 3,026,391
North’n Paciflo. Ith w k ju ly 661,158 680,433 12,138,100 9,456,184
Ohio R iver.........IstwkAug.
23,153
526,$99
19,728
519,824
OliioRi v.AChas. Ju ly.
12,923
112,971
12,665
99,326
Ohio R iv .A L .E . May.
2,800
12,255
1,901
10,809
Ohio Southern.. July
360,183
48,381
45,220
338,052
Om.Kan. C .A E . 2d wkMch.
158,552
11,533
14,246
114,754
Oreg.R R .A Nav. Ith w k ju ly 114,017
99,794 3,777,773 2,406,421
Oreg. Sh. L in e.. June
601.303 586,479 3,053,453 2,706,005
Pao. Coast Co..|May.
432,060 309,600 2,292,512 1,296,687
Pacific Mall.......J une
406,409 393,132
5,248,435 5,185,335 31,363,511 29,589,511
PeonaDeo. a "^v . |IstwkAug.
20,013
17,893
500,919
517,886
P etersbu rg....... 'June ...
343.937
52,149
60,427
311,713
Phila. A E r ie ... June ...
368,218 373,555 1,883,222 1,864,107
Phila. A R ead... M ay___
1,697,546 1,613,102 8,280,405 7,719,901
Coal A Ir. Co. [May___
1,802,851 1,637,609 7,931,568 7,186,362
Tot. both Co’s. IMay
3,500,397 3,250,711 16,211,973 14,906,263
56,852
304,632
287,859
58.343
Phil. R. A N. E .lJ u n e . .1.
PhlL Wilm. A B .'June .......
896,717 752,417 4,641,183 4,276,083
Pltts.C.C. ASt. L, IJ u n e ......... 1,176,630 1,188,613 7,539,281 6,789,667
Pitts.Lisb.A Wn July
25,476
2,648
25,486
3,378
326,002
60,963
146.201
P ltts.B es.A L .E .'July
648,736
Pitts. A W es'n .. IthwkJuly
957,759
46,405 1,006,546
46,596
606,005
469,487
25,478
31,737
Pitts. Cl. A T ol. k th w k ju ly
Pitts. Pa. A F. jt h w k ju ly
184,614
11,686
194,886
12,846
58,691 1,873,104 1,676,266
Total system .'Istw kA ug.
58,781
Plttsb. Yo. A A . . j.j u n e ......... 148,885 182,520
583.313
714,387
Rich.Fr’usbA P. M ay..........
76,474
356,418
306,165
100,561
204,124
178,520
31,354
37.774
Rich. A Petersb. J u n e .........
R io Grande Jot. May
•104,850
22,196
138,497
33,159
266,615
212,613
7,293
RioG rande So’ d IstwkAug.
9,324
Rio (Jr'de West. IlstwkAug.
39,600 1,876,058 1,515,694
44,600
•t. J os. A Gr. I . .. IstwkAug.
674,602
609,604
22.103
23.5S6
SC. L.Clii. A St. P. J u ly ........ .
186,739
164,951
22,659
27,998
31,118
St.L.Keu’etA So J u ly _____
36,135
6,126
6,677
St.L.ASanFran. IstwkAug. 121,993 122,423 3,921,964 3,505,913
78.104 2,850,374 2,452,434
90,195
St.L.8outhwest. IstwkAug.
St-Paul A D n l.. July
a
778,360
811,567
125,683 126,183
777,254
761,582
8 a n .A n t.A A .P May .) ) ." ) 129,209 144,858
San Fran. A N .P .1July
422.313
454,423
87,684
85,491
368,626
422,448
13,220
15,072
S. F e Pres. A Ph. 2d w k July
Sav.Fla. A West. 'April
271,810 257.937 1,152,807 1,130,077
141,370
145,269
5,842
Sher.Shrev.ASo. 4thw kjuly
6,998
64,010
SO. Sprs. O. A G. AprU.
62,494
23,305
18,239
SU verton.......... J u ly ..
6,054
1,400
Sioux C. A Nor. June .
111',98 L
100,871
20,763
16,955
12,454
10,788
2.535
3,100
So.HaveuAEast J u n e .

So. Paolilc Co.
Gal.Har.AS.A M ay.......... 474,441 337.937
70,941
Louls’a. West. M ay..........
99,832
Morgan’sLAT. M ay.......... 490,330 383,273
23,341
N.Y.T. A Mex. M ay..........
22.495
Tex. AN. Orl.. M ay.......... 133,264 1 18,957
Atl. Prop'tes.o M ay.......... 1,235,370 944,565
So. Pao. of Cal. M ay.......... 945,835 789,270
So.Pao.ofAriz. M ay.......... 288,323 212.838
So.Pac.ofN.M. M ay.......... 161,699 126,870
Northern By.. M ay.......... 202.800 172.722
Pacific system M ay.......... 3,511,7372,651,238
Total of all.y M ay.......... 4,955,915 3,807,307
Southern Ry.g.. IstwkAug. 407,566 377,055
31,455
Memphis Dlv. 4thwkJ’ne
32,175
2,019
1,860
StonyCl. AC.Mt. M ay..........
3.846
Texas Central.. 3d wk July
4,912
Texas APacific. IstwkAug. 106,464 108 547
2,960
Tex. 8. V. A N.W. J u ly ..........
4,198
21,704
35,111
Toi.AOhioCent. IstwkAug.
20,247
20,513
Tol.P. A West.. 4thwk.July
50,903
48,153
Tol. St. L. AK.O. IstwkAug.
Union Pac. RR.. J u n e ......... '1,385,445 1,260,931
67,288
65,382
Un.P.Den.AG.. 4th wk July
Wabash............ IstwkAug. 265,788 247,627
14451
10,511
Waoo ANorthw. May.
229,924 225,285
W.JerseyASea’e June
M8,239
95,572
W.V.Cen.APitts May.
33,823
31,307
WestVa.A Pitts. May.
46,214
48,166
Westorn of Ala May.
96,300
88,200
West.N.Y.APa. Ith w k ju ly
15,307
31.331
Wheel. A L. Erie IstwkAug.

2.249.969 1,810,574
406,340
506.952
2,524,572 2,076,954
116.751
125,516'
634,285
657.848
6.177.969 5.128,068
4,532,029 3,753,936
1,470,631 1,062,817
576.007
734,378
787,761
884,268
15,487,934 12,220,807
22,971,098 18,609,936
12.494,523 11,225,642
631,292
738,194
6,025
5,657!
118,038
142,343'
4,099.608j 3,625,558
18,154
24,971!
946,989
1,052,586
490,491
532.902
1,255.888 1,273,164
7,670,579 6,736,832
21089.452 1,868,248
7,729,980 6,610,989
85,382
69.530
1,058,751 1,027,123
151,765
150.559
257,170
259,731
1,656,313, 1,561,866
579,169
838.0581

THE

314
Latest Grose E a m in ffi.
BO ADS.

W llkeab.A East.
WILCoL *fc Aug.
WlBOoaainOont.
Wrikrhtjiv,ATen.
Y ork Southern

CHRONICLE

/a n . 1 to Latest Dale.

Week o r Mo

1398.

1897.

1898.

1897.

A p ril........
M arch.......
latw kA ng
M a y ....* ..
J u n e .........

31,197
69.270
90,609
5,710
5,786

27.433
56,180
9 ,624
5,373
5,231

s

*

$

205,002
2,8 18,3-5
35,709
35,285

186,357
2,458,816
33,103
31,037

a These Ugaree Include results on leased lines. 0 Includes earnings
Irom ferries, etc., uot given separately.
e Includes Dos M oines A
KansasC ity for all periods.
d i n dudes operations o f tile Ohio. Bur­
lington * S’ ortiiern In botn years.
e Includes results on A. T. A S.
Fe, G all Ool. * s. Fe, S. Fe Paellio old Atlantic A Paotttoi and 80.
Oal. Ry.
f Includes the Pacific system , tile Atlantic properties and
the H ouston A- Texas Central system. Beginning Ju ly, earnings o f
Memphis D ivision and M lddlesborough & Aiken branches are Included
lo r both years,
t In clu d e , Chesapeake A Ohio 3o'w estern, Ohio V alley and Ohleago
»n d Texas for 1393 but not for 1397
} Me i l i a n ourreney.
\ Out ers res uts o f lines direotly operated east o f Pittsburg.

Lvtest fcfrois Earnings by W eeks—The latest weekly earn­
ings in the foregoing are separately summed up as follows:
For the first week of August our preliminary statement
covers 57 roads and shows 1-70 per cent increase in the
aggregate over the same week last year.
1398.

1897.

*
32,023
23,827
9,790
125,925
78,690
468.000
20 4.782
86,508
105,175
61.973
6 14.7 59
24,316
29,434
21,074
157,400
9,630
6,901
21,506
53.385
27,394

s
31,095
22,763
9,612
12-5,041
66,082
4*7,00U
224.146
64,408
95,332
60,495
609,472
21,540
17.63 <
7,511
139.8JO
5,932
7,114
22,403
46,138
17,518

427,393

444,338

W heeling A Lake E r ie ...
W isconsin Central..........

46,155
8,917
849
2,437
47,715
37,453
9,901
67,231
10,7 i l
63 328
387,630
239,756
106,980
4 1,530
179,625
460,000
22.000
79,322
215,392
19,728
17,393
58,781
9,324
44,600
407.566
23.586
121,993
90,195
106,464
33,111
48,153
265.783
31,331
90,609

4 17,036
8,126
917
2.775
53,490
34,195
11.821
54,640
8.504
69.686
405^942
239,705
105,^00
39,706
212,090
481.000
2 0 ,0 0 )
86,812
219,356
23,153
20,0 13
58,691
7,293
39,600
377,055
22,10 J
122,423
73,101
108,547
21,704
50,90 1
217,627
15,307
93,624

Total (57 r o a d s)______
K itln orea se (1’70 D. o.)..

6,003,052
...........

1 sl week o f A ug ist.
Alabam a Gt. Southern...
Anu A r b o r .................
A tlantic A D anville------Balt. A Ohio Southw est..
Buff. Roch. <fe P itts.........
Canadian P aolfio.. . . . —
Chesapeake A O h io .... .
Chloago A East. Illinois
Ohio- Great Western.......
Cliie.Iadian’iis A Loulav.
Chicago Milw. A St. PaiE
Chic. Term. T ransfer__
Clev. Lorain & Wheel’# ..
Col. Sandusky A H ock’g.
D enver & Rio G ran de...
Evansv. A Indianapolis..
Evansv. A Terre H aute,.
Flint A Pere Marquette .
G eorgia A A labam a.........
Grand Truuk..................)
Chioaeo &Gr’d Trims: >
Det. Gr.H av. A M ilw . )
Grand Rapids & Indiana
Cm. Rich. <fc Ft. Wayne
Musk. Gr. Rap. <k Lnd.,
International A Gt. N o..
Iow a C entral-------------Kanawha A M ichigan—
Kan. City Plttsb. A G olf
K a n .C ity S a b ,B e lt ...
Louisville A N ash ville-..
M exican Central..............
M inneapolis & St. Lonis.
Mo. P acific & IronM C...,.
S . Y. Ontario A Western
N orfolk A Western..........
P eoria Dec. A E v a n s v ...
Klo Grande Southern___
Southern R ailw ay___ . . .
St. Joseph & Gd. Island.
St. Louis & San Fran___
8t. Louis S outhw estern..
Texas A P acific. ............
Toledo A Ohio C entral...
Toledo 8t. L. A Kan. City

5,902,746

Increase.

Decrease.
8

s

923
1,064
178

12,602
___
___ _
22.100
9,293
4,478
24 287
2,776
11.746
i L5 rs
17,600
3,668
___ ___
7,247
9,848

....
___ ...
2.116
__
19,000
14.361

243
897
___ __r
16,945

6,119
791
.
3,261
11.591
2,257
______

98
27,
5 ,7 /5
__
1,920
__ _ ___
""6,358
18,312

51
1,280
1,821
............
2,000
............
90
2,031
5,000
30.511
1,433
___ __
12,091
______
13,497
i s .i e ’ i
16,024
270,35-1
100,306

32,465
2 L,0 JO
7,490
3,964
3.425
2,120

........
430
2,033
___
2,750
3,015
170,043

For the fourth week of Jaly our final statement covers
83 roads, and shows (M l per ceut increase in the aggregate
over the same week last rear. ______________________________
4th week o f Jaly.
P reviously rep ’d (47 r’ ds)
Chattanooga S outhern...
O hio.Indianan.* Louiav.
Chlo. Term. Transfer___
Chicago a West Michigan
Clev. Canton A S outh'll..
Olev. Uin. Ohio; & 8t. L ..
Det, Gd. Rapids A West.
Dulath So. Shore «fc AtJ...
Flint A Pere Marquette.,
F la Cent. A Peninsular.
F l Worth A Denver City
Ft. Worth & Rio Gr&ndo
Grand Rapids A Indiana.
Cincinnati K. & Ft. W ..
Mask. Gr. Rap. A la d .
Grand T ru n k ..,............ )
Chic. A Grand Trank >
Det, Oil. H. A M........ >
Kan. City F t. 8. A Mem.
Kan. C. -Mem. & Birin___
Kaasae City A Omaha ...
Keokuk & W estern.. . . . . .

1898.

1897.

IS
S
7,733.634 7,665,642
321,356
119,524
2,459
2.276
99,140
93,11*'
21,149
28,540
40.862
41,526
11,633
21,481
3 68,357
3 :6 .0 1 8
41,006
4 ),053
29,366
29,839
58,002
59,989
65,743
05,115
41,633
77,5 UG
23.414
26,378
9,087
8,48*
32,65 >
86,516
60,090
60,132
11,524
11,310
1,11!)
1,099
3,639
3,830
587,25)

6 5 5 ,7 0 :

94,471
2 4,592
3.9 y
12,95 3

116,0 10
23,831
5.410
13.733

Increase.
IS
410,503
28,168
4,391
3.664
6,819
37,681
953
473
628
32,96 3
3,861
72
184

Decrease.
$
3 42,516
183
6,023

. . . . ...
1,987

........

2,93 4
599

.... ....
60

24 i

68,452
21,609

731

....

1,429
775

1!h week o f July.
Lonlsv Evauev. & St. 1/.
Loulav. Hand. <!: St. L ...
Minn. St. P. & S. Ste. M
northern Pact tin_______
Pittsburg A W astern......
Rio Grande W estern___
Sherman Shrove. & S o ...
Coledo P oorla A W a s 'n ..
On. l’ ao. D m . A G u lf__
Vastern N. Y. A P enn...

[VOL. LXVII.
1898.
*
41,612
97.55 i
661.158
91,179
101,100
6.998
20.513
65,382
' 83,209

1897.
*
47,071
15,540
106,759
680,433
8 r,*69
103.10H
5.841
20.247
67 2 -58
96,3 !0

Total (83 r o a d s )_____ , 10,' 7 8 1 1 7 3 10,734,017
_______
N it Increase iO-l t p. o.l..
............

Increase.

Decrease.

$

s

7.610
1,154
•268

5.459
749
9,205
19,275
2,000
1,906
8,100

510.4 29
47,168

493,263
.... ...

Met Earnings Monthly to Latest Dates.—The table follow­
ing shows the gross and net earnings of S t e a m railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the C hronicle of Jaly 23, 1398.
The nest will appear in the issue of August 20, 1898,
Bros) E a rn in g ).—Ael E arnings —
1898
1897.
1897.
1898.
s
.Roads.
$
Ann Arbor.................June
113,480
100,911
27,108
36 501
Jan. 1 to June 3 0 ___
730,380
629,010
183,191
209,947
Boston A A lban y.!)—
Apr. 1 to June 3 0 ___ 2,208,380 2,375,253
656,291
700.834
Jan. 1 to June 3 0 .... 1,381,460 4,403,974 1,502.016 1,120,930
Boston A M a in e .b —
Apr. 1 to June 3 0 ___ 4,787,917 4,904,670 1.490,378 1.495,910
Jan. 1 to June 30__ 9,087,003 9,143,411 2,597,710 2,760,904
142.676
135,760
Ch e. A West M ich .. Tune
1,743
17,361
862,391
Jan. 1 to June 30 . . .
151,499
753,509
134,914
98,429
60,846
CJaoctaw O il. A G .b J une
28,233
12,013
739.873
477,445
Jan, 1 to June 3 0 ....
10 7,581
246.593
N o v .l to June 3 0 ___ 1,058,077
739,666
351,600
200,033
103,175
Dat. G d .R ap .A W .a.June
110.6S0
13,925
18,447
162,118
600,805
Jan. 1 to Jane 3 0 __
710,0J6
137,466
Fitchburg.b—
421,702
Apr. 1 to June 3 0 .... 1.736,959 1,773,464
396,189
878,134
Jan. 1 to June 3 0 ___ 3,392.613 ' ;3,306,969
834,161
60,267
56,883
216,320
Flint & Fere Marq.a. June 234,466
330,921
1,318,439
315,989
Jan. 1 to J une 3 9 . . . . 1,428,340
83,004
14,119
26,214
Ft W. A Den. City b June
98,390
641,020
85,274
211,342
492,623
Jan. 1 to June 3 0 ___
5,95*1
8,208
G:*d Rap. Gas-L. Co. July
71,102
68,751
Jan. 1 to July 3 1 ----Gull Biauin’ o A K. I l ­
ia n . 1 to July 3 1 ___
93,256
31,661
71,413
47,095
44 366
134,717
157,850
Iowa Central. b ___ June
41,835
751,416
897,605
255,423
Jan. 1 to June 3 0 ___
214,554
Ju ly 1 to J ano 30___ 1,874,410 1,565,423
470,264
599,661
1,374
Jaokson Gas-1,. C o ...J u ly
............
1,456
13,561
11,443
Jan. 1 to July 3 1 ....................... .
7.299
8,933
Mar. 1 to July 31................ ..........
496,867
521,407
Louisv. A N ashv.b. June 1,830.359 1,630,650
Jan. 1 to June 30 ...1 0 ,9 2 2 ,8 3 7 9,770,388 3,264,535 2,991.835
July 1 to June 3 0 ....2 1 ,9 9 6 ,6 5 2 20,372,307 7,074,922 6,523,089
4,805
4,133
Mexican Telephone..Tune
11,320
10,656
25,010
66,975
62,987
21,787
Jan. 1 to J une 3 0 ___
15,572
44,949
17,078
42,115
Mar. 1 to June 3 0 ___
N, y . Ont. A W est.b —
876,833
266,910
948,869
Apr. 1 to June 3 0 ....
218,983
July 1 to Juue 3 0 ___ 3,914,635 3,811,403 1,225,058 1,238,514
N. Y. A Ruck. B each—
40,257
Apr. 1 to June 3 0 ....
44.628
4,102 def.1,026
56,330 dej.5.,751 d ef.21,757
Jan. 1 to Juno 3 0 ___
51,603
417,222
549,807
164,330
234,581
Oregon RR. A N av .. June
Jan. 1 to June 3 0 ___ 3,253,012 1.976,072 1,164,149
653,848
July 1 to June 3 0 .... 6,895,392 4,689,624 2,905,017 1,957,414
333,132
403,400
103.201
Pacific Mail. ....... ...June
60,506
751,316
200,209
189,232
731,806
'H av 1 to June 30 . . .
85,436
373,555
94,384
Phila. A E r le .b .........J une
363,218
Jan. 1 to June 30 . . . 1,883,222 1,864,107
413,297
477,496
Prosp. F k.A Coney Isl.—
3,044
Apr. 1 to June 30 . . .
33,609
44,431
4,305
Jan. 1 to June 3 0 ___
44,772
56,538
942
def. 1,859
57,884
Un. P. D. A G u lf.b..J u n e
282,888
270,594
31,970
564,012
Jan. 1 to Juue 3 0 .... 1,816,625 1,584,201
403,379
W a b a sh .b ................ June 1,081,160
918,910
297.160
267,78 3
Jan. 1 to June 3 0 .... 6,384,983 5,392.725 1,660,269 1,646,886
July 1 to Juno 3 0 ....1 3 ,1 9 8 .4 5 0 11,526,785 3,893,680 3,517,626
9,794
31,307
33,823
15.761
W.Vtrginla A PlttsbbM ay
150,559
61,575
67,551
Jan. 1 to M ay 31 —
151,765
166,524
359,117
350,901
Ju ly 1 to M ay 3 1 ----176,118
Western Gas Co.—
30,291
MHw’keeGaa L.Co..July
28,671
Jan. 1 to July 31 —
259,596
259,781
81,250
Wast.N. Y .A Penn, b . J une
250,181
228.273
51,788
365,406
Jan. 1 to June 30 . . . 1,399,113 1,283,637
279,627
July 1 to June 3 0 .... 3,245,937 2,954,774 1,100,134
911,828
a Not earnings here given are after dedu cting taxes,
b Net earnings here given are before deduoting taxes.

In terest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the fore­
going, also report charges for interest, &o., with the surplus
or defioit above or below those charges.
—Dal. o f Net E arn’gn.—.
,---- lnl., Rentals, <£c.— . <

1898.
1897,
1898.
1897.
tg
$
SB
$
Road).
33,590
M
f.
31,551
33,291
*71516,229
Ohio. & W. M ich___June
207,093 'O f.54,741 df.71,363
201,756
Jan. 1 to June 30 . . .
19,000
8,233 def. 6,987
20,000
Choc. Okla. A Gull..June
132,000
158,000
223,600
48,053
Nov. 1 to June 3 0 ___
11,3S1
‘ 2,556
,
"558
13,367
Det. Gd.Rap.AW est.June
121,134
*41,764
*18,684
124,322
Jan. 1 to Juue 30 . . .
Fitchburg 19,638
def. 656
402,061
396,815
A pr 1 to .Tune 3 0 ___
791,073
386,563
47,901
83,061
Jan. 1 to June 3 0 ....
53,453
3,130
53.730
6,537
Flint A Pere M arq.. Juue
9,744 def 3,000
319,009
321.177
Jan. 1 to Juno 30 . . .
* A fter allow ing for other incom e.

THE

A ugust 13, 1898.1

CHRONLOLE.

315

antEGT tCllLWAYS A.ND TRACTION COMPANIES
Interest Charges auil Surplus,— The follow ing Street
The following table shows the gross earnings for the latest railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &c7, w ith the
period of all s t r e e t railways from which we are able to ob­ surplus
or deficit above or below those charges.
tain weekly or monthly returns. The arrangement of the
------ - B a L ° t Wet E a m ’ s . s
table is the same as that for the steam roads—that is, the
Roads.
18i*8'
189J 18? 8'
1897.
first two columns of figures give tbe gross earnings for the
3,307
3,110
latest week or month, and the last two columns the earnings Waterbury Tract’n . July
8,303
6,663
Oot. 1 to July 3 1 ....
35,243
37,002
63,212
for the calendar year from January 1 to and including such
53,903
latest week or month.
ANNUAL REPORTS.
STREET R A IL W A Y S AN D TRACTION COMPANIES.
GR08S
E arnings .

Latest Gross Earnings.
Week or Mb| 1898. | 1897.

Jan. 1 to Latest Date.
1898.

1897.

S
1 * 1 *
S
354
J u n e .........'
8,334
39,725
42,251
,431
J u n e .........1 54,233,
170|
25,101
J u n e .........I 4,918,
22,441
45,042
.897i
J u n e .........
9,37l|
40.930
June .......'224,923 217, 979 1, 113,717 1, 086.423
7,541!
,721
M ay...........
1,9321
7,013
33,403,
J u n e .........I 7.242,
,551
3^,638
71.576
,776
J u n e .........I 14.625!
65,343
June ....... 33,019;
,746 162.0871 147,941
,872 155,£13 151,281
J u n e .........! 31 507|
J u ly .......... 143,000 120, ,000

Akron B ed f d & Clev.
A lban y R ailw ay........
Amsterdam St. R y ...
Atlanta Railway —
Baltimore Con. R y.*...
Bath 6t. Ry. (Maine) B ay Cities Consol—
Binghamton St. R y ...
Bridgeport Traction.
Brockton Con. St. Ry.
Brooklyn E lev ated ..
B P klyr Rap. Tr. Co.—
Brooklyn Heights >
B klynQ ’ns&Sub. 5 J u ly .......... 572,116 489,463 3,4o9,471 3,070,518
Charleston City R y .. 1J u ly .......... 17,513 15,827 101.6721
Cin. & Miami Val.. .. J u n e ......... 11,295
Citizens’ 8t.Ry.,Indp. A p ril .. . . . 79,902 68,031 315.395 283,626
26,745
5,327
'*2,872
Cltlz ns’ (M uncieInd.) M ay..........
5,671
2,541
11,091
10,*41
2.572
City Eleo. (Rome.Qa.) J u n e .........
Cleveland E le ctric... [J u n e......... 141,161 139,616 823,160 779,696
41.367
8,093
36f2i»3
Cleve. Painsv. & E. 'J u n e ........... I 8,987
Columbus St. Ry. (O.) 'J u ly .............j 60,193 51,735 384.587 33 4.635
Consoll’d Trac. (N. J.) 'A p r il......... 252,290 2o8,813 965,245 883,540
Danv. Gas El. Light &
8,206
53,008
50,831
Street R y ................. J u n e ........... I 8.139
D enver Con. Trarnw.. J u n e ......... 68,773 62.854 351,637 339,417
D etri it Citi’ns’ 8t.Ry. . d w k J u ly . 24,972 24,422 629,868 5 *>4,067
J u n e ........... 132.123 33, 9 i 193,635 199,890
Detroit Eleo. Ry.
89,552
94,622
|June......... 11.803 15,232
Duluth 8t. R y ...
19,374
9,116
21,089
Erie Eleo. M otor C o .. Febraary.. 10,103
Ft. Wayne & Belle
15,140 13,967
87,677
Island (D etroit)___ J u n e ...
80,310
15,668 14,559
Galveston City R y ... March.
24,311 20.207 118,773 102,2*44
Harrisburg Traction Juno ...
Herkimer Mohawk 11
19,458
20,435
2.799
ion & F’kfort El. Ry. J u n e .........
2,863
74,470
71,707
Houston Elec. St. Ry. M ay.......... 16,658 17,281
Interstate Consol, o;
26,843
9,523
27,801
North A ttle b o ro .... March....... 10.,297
24,818
4,736
29,377
Kingston City R y .... J u n e .........
8,,73s
8,512
44,533
48,936
6,,738
Lehigh Traction . . . . J u n e .........
33,952
7,714
London St. Ry. (Can.). M ay..........
7,,894
37,624
Lowell Law. <fe H a v.. J u n e ......... 43. 312 41.553 200,25 6 192,869
Metrop.(Kansas City; IstwkAug. 40,,2b 1 36,093
Metro. W. Side (Chtc.r J u n e ......... 97,,8 9
612,413
5*478
M ontgomery 8t. Ry. M ay...........
22.73-)
21,582
5, f 00
Montreal Street Ry.. June
133. 165 130,677 £91.954 639,092
27,102
M uscatine St. R y ___ June
1 I,,761
Nassau Eleo. (B’fclyn J u n e .......... 216 325 191,615 9 c 9,207 846:465
8 342
35,011
Newburg St. R y ........ J u n e .......... | 8t,031
34,082
19,371
5,201
21,101
New London St. R y.. J u n e .......... | 8,,059
New Orleans Traction' J u n e ...........I l l , ,420 111.483 690,152 651,569
63,077
77,152
Norfolk 8t. R y ........... J u n e .......... I 16,,274 13,522
North Chic. 8t. R y ... J u ly ........... >263,,003 258.483 1,670,946 1 ,584,639
North Shore Traotloi IJune _____ 137, ,161 130,2*8, 619,951 833,584
Ogdensburg St. K y... M ay..........
5,707
1,547
6 0i>5
1 ,639
Paterson R y ............... J u n e ......... 33,,039 30,804 172,003 155.256
56,897
70,076
Richm ond T raction.. J a n e ......... 13,,699 13.116
34,112
R ox b’h Ch.H.A Nor'n J u n e ......... 11, 257
9,115
15,633
5,337
25,368
Schuylkill Val. Trac. J u n e .........
28 ,0)3
5, 859
3,146
16,680
Scranton & Carbond’e J u n e .........
2,,938
28,159
Scranton & Pittston. J u n e .........
5,,049
Boranton Railway___ J u n e ......... 31,,856 28*4*8*6 179,009 162,847
Byracuse R ap.Tr. Ry. J u n e ......... 38,,163 34,939 221,144 202,465
Toronto R y .. . . . . . . . . . J u n e ......... 93,,709 92.01B 531,383 172,386
Twin City Rap. Tran. June .
171,,505 161,337 1,005,034 930,129
87,267 102,609
Union (N. B edford).. J u n e .........1 15,,782 18,728
729,116
United Tract. (Pitts.) J u n e .......... 132 321
United Tract. (Prov.j J u n e ...........148, ,904 146,943 817,774 806,957
85,712
92,771
Unit. Trao. (Reading) J u n e ......... 24,,473 20,007
21.706
25,063
5,269
Wakefield A S ton e.... J u n e .........I 5, ,911
Waterbary Traotion. J u ly .......... 26,,518 23,949 155,403 142,170
West Chicago St. Ry Wk Aag. 7| 78,,918 78,028 2,315,785 ,255,245
36,532
39,276
Wheeling R ailw ay... M arch....... 12,,450 12,444
Wilkeab. A Wy. Valley J u n e .........I 39, .309 39.0431 234,056! 227,7)1
* Includes Baltimore Traotion and City * Suburban lo r both years.

Annual Reports.—The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the I nvestors’ and Street R a il w a y S upplements
This index does n o t include reports in to-day’s C hronicle .
Full-face figures indicate Volume 67.
R ailroad and M iscel . Co ’ s
Volume 67—
Page.
Atchison Topeka k Santa Fe....... 2 H
Boston Electric Light................... 2 7 2
Calumet A Hecla.............
240
Chicago Burlington A Quincy.......17 \
Chicago Great Western................ 2 1 9
Chicago A North Western. .2 19, 2 U
Denver & Rio Grande...................27 I
Georgia & Alabama.......... ............‘<572
Glucose Sugar Refining (10}^mos.)272
Long Island ................................. 2 7 2

R ailroads & Mis. Co’s—(Oon.)
Volume 67—
Pane
Mobile & Ohio............................. 2 7 2
Norfolk A Western......................2 7 2
Pacitic Mail 3S. C o .......................2 1 9
St. Louis A San Francisco .......... 2 7 I
Welsbach Light............................ 2 2 0
Street R a il w a y s .
Volumes 66 and 67—
Page.
Milwaukee Elec. Ry. .4 Light. USB, 12.11
Union Tract. Co. of Philadelphia. 175

Chesapeake & Ohio Kailway.
( R e p o rt f o r y ea r en d irg J u n e SO, 1898. J

The remarks of President Ingalls at length, together with
the balance sheet and income account in detail, are published
on pages 331 to 333.
The statistical tables for four years, compiled in the usual
complete form for the C hronicle , are given below :
OPERATIONS AND FISCAL RESULTS.
1897-98.
1896-97.
1895-96.
1891-95.
Miles oper. June 30.
1,360
1,360
1,360
1,360
Equipment—
Locom otives. ..........
355
355
355
212
Passenger cars.........
212
212
212
Freight, «feo., o a r s ...
114,745
13,803
13,803
13,803
Operations—
Passengers carrie 1. 1,925,502
1,793,122
1,957,954
1,813,379
Pass carried one 10.100,592.3*3 93.313 903 99,361,173 93,263 067
Rate p?r pass, per m. 1 943 cts.
1-930 cts. 1-952 ots.
1-980 cts.
Frelght(tons) carr’ d. 7,806,911
6,491,297
6,514,835
5,671,200
Frt ightiton-O onein. *2,513,221
2.000,094 *1,836,024 *1,720,788
Rate per ton per in . . 0 ‘370 cts.
0-419 ots.
0-4 26 ots.
0-425 cts.
Burnings—
$
P assen g ers..............
1,857,898
1,949,790
1,347,143
Freight..................
3,389.374
7,810.598
7,304,816
M iscellaneous..........
80,952
94,938
93,593
E xpress................
113,325
115,710
113,853
M ail............................
266,631
250,09 J
236,616
Total ___
Exp- uses—

. . . 11,788,557

10,708,183

10,221,131

9,596.031

and structures . . .
Maint. of equipiu’ ut
Conduct’g transpor..
General and tax es..
Traffic expenses.......
Newp.NewsAfeN.Ter.
Cov. & Cin. B ridge..

1,403,-05
1,593,703
3,412,199
514,739
299.268
598,919
156,743

1,366,185
1,177,269
3,048,176
51^,343
277,830
439,934
158,931

1,396,341
1,427,691
2,939,505
46*,592
252,193
317,663
161,163

1,195,903
1,327,173
2,7x5,753
468,012
230,203
295,984
161,497

Total expenses..
Net earnings............
P. o of exp. to earns.

7,982,307
3,806,250
80

7,286,769
3,421,414
68

6,963,153
3,257,978
68

6,464,528
3,131,503
67

*Three ciphers (000) om itted, t Also 1 passenger steamer, 2 car
do .ts, 3 ferry boats, 4 tags, 6 barges.
INCOME ACCOUNT.
1895-96.
1396-97.
1897-98.
1894-95.
$
$
$
$
3,257,978
3,421,414
3,131,503
Net earnings..........
3,806,250
Other in com e..........
23,547
79,326
71,817
11,445
Net Louisville lin e..
11,811
T o ta l...................
Deduct—
Interest on bon d s...
R entals.....................
Loss on elev a tor___
Discount, exch., <fcc.
Cost of o p e n i n g
Louisville line___

3,889,878

3, *00,740

3,148,772)
20,352 / 3,233,638 -j
10 2,244)

3,281,525

3,142,948

3,120,140

3,098,118
5,914
13,077
7,132

935
7,110

129,196
Street Railwaj Net Earnings.—The following table gives
the returns o f Street railway gross and netearnings received
3,362,834
3,124,241
Total....................
3,134,185
3,271,363
this week. In reporting these net earnings for the street rail­ S u r p lu s ....................
137,906
147,340
618,510
18,707
ways, we adopt the same plan as that for the steam roads—
*
Balance
at
credit
of
incom
e
account
June
30,
1893.
that is, we print each week all the returns received that —V. 66. p. 234.
week, but onoe a month (on the third or the fourth Saturday)
Chicago & North Western Kailway.
we bring together all the roads furnishing returns, and the
( R ep o rt f o r the y e a r ending M ay 81, 1898.J
latest statement of this kind will be found in the C h r o n ic l e
of July 23, 1893. The next will appear in the issue of
In the Chronicle of July 30, on page 319, was published
August 20, 1898.
a comparative statement of the “ operations and fiscal
-N et Earnings.results” and the “ income account,” aid on pages 334 to 333,
- Orose E a rn ings.1897.
1898.
1897.
1898.
President Hughitt’s remarks in full. From the pampblet re­
Eoads.
$
$
$
port received this week we obtain the balance sheet and other
Brooklyn Heights—
513,066 statements given below :
547.295
Apr. 1 t o Jane 3 0 .... 1,345,710 1,179,552
Jan. 1 to June 3 0 ___ 2,403,879 2,139,255
B'klyn Qneens Co. A Sub.
195,199
203,210
Apr. I to June 30 . . .
350,126
365,873
Jan. 1 to Juno 3 0 ___
15,827
17,513
Charleston City R y .. July
101,67 2
Jan. 1 to July 31.......
51,733
f 0,198
Colnm bnstOjat. Ry. July
334,635
394,5&7
Jan. 1 to July 3 1 ....
20,513
23,919
Waterbary Trac. Co.. July
142,170
155,403
Jan. 1 to July 3 1 ___
224,526
206,501
Oot. I to July 3 1 ....
39,043
39,309
Wllkesh. A Wy.V.Tr. Tune
227,711
234,056
Jan. 1 to June 30 . . .

907,751

827,321

103,125
161,199
8,685
32,561
30,343
197,783
11,610
67,210
93,460
19,435
128,248

94,076
111,583
7,752

GENERAL BALANCE S n E E T MAY 31.
1898.
1897.
1896.
1895.
4 sscis~ ■
®
jc
^
Jp
Road and equtpm't 175,493,009 171,855,855 170,283,850 180,795,491
B’ds and at'ks and
landgrant invest.. 23,185,640 36,941,245 36,767,605 37,619,746
and accounts
26,433 Bills
1,421,649
1,777,148
1,739,317
receivable.............. 2,136,794
173,83 = Materials, fuel, & c.. 1,818,171
1,866,138
2,164,195
2,165,974
2,311,461
2,746,812
9.778 Cash on hand_____ _ 4,205,227
2,225,468
60,357 Trusiees of sinking
7,994,050
7,590,936
7,201,571
90,910
funds......................
8,590,352
21,643
.220,434,494 222,921,909 221,330,547 231,216,056
Total..
121,323

31 o

l 'H E

[ vol. l x v h .

C H R O N IC L E .

1895.
1898.
1887.
1896.
$
L ia bilities —
S tock , co m m o n ---- - 41,420,365 41,418,866 4 1 .1 0 ’ ,866 41,387,866
Stock, p re ferred ..,.. 22 ,370 ,955 22,867,455 22,388,458 22,389,455
Stocks o f p rop riT ry
roads, «&0 . . . . . .... .
.... ........
519,510
B onded d e b t........ ... 133,045,000 131,387,500 131,528,500 131,664,500
B onds on hand from
pur of ALL itW .R ’ v
............
8.508.000
8,407,000
8,447,000
D ividen d declared,
not d u e .... . . . . . . .
1,368,532
976.648
1,368,384
1,367,789
SSnk*g f ’da p aid and
:tcore lions thereto S.590,352
7,2 01,5 71
7,991,050
7,590,938
Securities f rciip it’ i
stock issu e d ...—
........
2,334,267
S ecurities r e t i r e d
1.136.000
from incom e. — .
........
Current; bills, p ay­
1,387,942
2,674,899
rolls. & q..........
1,972,118
1,874,982
V u c o l l e oted cou ­
pons, iVc.................
137,001
155,614
132,708
147,895
D ue to roads in Iow a
............
178,440
1M 64
C o’ sTidation Coal Co.
16,169
14,778
A ccrued and accru­
ing interest— . . . .
1,785,551
1,8 <9,134
1,856,025
1,848,015
M i s c e l la n e o u s ............
..............
252,803
3,832,494
L and incom e a c c t... 2,374,*17
2,078,271
1,805,663
7.492,821
4,023,501
Kailr*d incom e acct. 6.051,153
2,851,533

EARNINGS, EXPENSE!

1B97-93.
$
Gross earnings.................. 3,706,10 !
Operating expen ses..........2,366,115

AND CHARGES.
1896-97.
1395-96.
$
3,347,276 3,179,776
2,253,454 2,200,716

Net earnings.................1,339,689 1,093.822
Fixed charges and t a x e s .. 854,515
842,851
Net inoorno...

1S94-95.
$
3,066,440
2,172 -i 28

979,060
810,863

894,012
812,212

. . 185,171
. 132,853

250,971
20.031

138,197
20,553

81.800
39,132

P rotit.............................. 352,321
2 p er cent on prof, s t o c k .. 120.000

210,837

117,641

42,668

S u rp lu s.........................
—V. 07, p. 273,

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

Extraordinary ex

232,321

Wabash Railroad.
( R e p o r t f o r y e a r en d in g J u n e SO, 1898.)

A preliminary statement for the year 1897 93 shows results
as below:
1897-98.

1896-97.
$
11,526,787
7,979,159

1895-96.

1394-95.

Gross earnin gs......... 13,207.862
Operating expenses. 9,304,779

12.807,143
9.2 12,604

11.959,839
8,921,030

Net eafn iu gs....... 3,903.083
Other in com e.............
180,655

3,547,628
113,304

3 ,5 6 1,539
140,710

3,038,809
130,395

Tbe earnings and income accounts of this road have been
compiled for four years for the C h r o n i c l e as below:

Total Incom e....... 4,0-13,738
499,436
T a x es.........................

3,660,932
529.970

3,701,279
519.678

3,168,204
507,793

EARNINGS AND EXPENSES.

B a la n ce... . . . . . . 3 3,584,252
488,21 L
Joint tr’k rentals,&o

3,130,962
408,084

3,183.601
417/254

2,661.411
365,776

B alance ......... .. 3,096.041
Int. on bonds, etc.*.. 2.694.545

2,722,873
2.694,545

2,768,347
2,736,545

2,295.035
2,838,542

401,496

28.333

T o t a l.

........ 220,434,494 2 .2 ,9 2 1 ,9 0 9 221,330,547 231,216,056
FREM ON T KLKUOUN & M ISSOURI V A LL E Y .

1897-98.
M ilos op era ted ...
. 1,363
learnings
from
W arnings fr
om —
if
Passengers.'................... 551,826
F r o ig b i........................... 2,9 -5 ,0 4 7
M ail, express, ere....... 344,467

1896-97.
1,363
$
4 6 1 .6 0 1
2,255,415
331,963

1895-96.
1,301
$
504,707
2,084.949
360,783

Surplus................

Total e a rn in g s....3 ,8 8 1 ,3 4 0
Oper. exp. & taxes-----2,643,392

3,051,982
2,258,143

2,950,439
2,016,769

2,668,642
1,973,808

N et earnings.......... 1,237,948
Deduct—
In te r e st..............
1,007,368
R en tals S .O .& P .R R ,.
13.540

793,839

893,670

692,834

1,007,401
13,540

1,608,956
13,513

1,011,531
13,498

T otal d isb u rsem ...1,020,908
1,020,941
1,022,469
1,025,029
B alan ce.......................su r.217,040 det. 227,102 def. 128,799 del. 332,195
—V . 67, p. 219, 224.

Western New York & Pennsylvania Railway.
( P relim in a ry sta tem en t f o r y e a r en d in g J u n e 30, 1S9S.J

31,802 def. 542,907

' Includes rent o f E el R iver R E . - ’V. 67, p. 179.

Boston & Albany Railroad.
( F o r the y e a r en d in g J u n e 30, 18 98 .)

The annual report will show results as follows:
1897-98.
1896-97.
E arnings—
$
$
Passenger............... ....... ...3 ,7 6 1 ,1 9 0 3,814,025
F re ig h t........................... ...4 ,2 9 1 ,5 2 5 4,124,320
Mails, e t c ...................... ...1 ,1 8 8 ,3 5 3 1,176,279

1895-96.
$
4,100,816
4,134,198
l,llo ,6 l8

1891-95
$
3,809,356
4,136,405
1,185,105

T otal.......... ............... ...9 ,2 4 1 ,5 6 8
E xpen ses.......................

9.114,625
6,658,075

9,350,632
6,911,865

9,130,866
6,579,361

N et............................ ....2 ,4 4 6 ,5 6 6

2,450,519

2,438,707

2,551,505

President De Coursey is quoted as saying: “ If the aver­ R eDneduct—
ta l..........................
78,000
78.000
78,000
age rates that prevailed during 1897 had obtained in 1898 Interest on d eb t..........
337,930
337,980
453,150
there would have been a good increase in the net receipts, as Dividends (8 per cent). ...2 ,0 0 0 ,0 0 0 2,000,000 2,000,000 2,000,000
there was a larger tonnage, and it would have given the
T otal.........................
,4 1 5 ,9 8 0 2,415,980 2,415.980 2,531,150
company about $200,000 to add to its net earnings. Con­ Surplus............................ ....2
....
30,587
40,569
22,787
20,355
sidering* the condition of aSlairs the business for 1897-1898 —V. 66, p. 952.
has been good.”
Louisville & Nashville Railroad.
During tbe year there was, it is said, an increase in all
(R e v ise d S ta tem en t f o ~ i e a r end ing J u n e 30, 1898.)
kinds of freight moved of 631,461 tons, of which amount
about one-half was bituminous coal. In the year 1895-97 the
The actual results for the late fiscal year, amending the
tons hauled aggregated 3,618,853, of which 1,421,410 was statement already published (see p. 122), compare as follows:
bituminous coal.
1897-8.
1896-7.
1895-6.
1894-5.
EARNINGS, EXPENSES ANJ) CHARGES.

1897-98.
1896-97.
1895-36.
1894-95.
$
$
$
$
G ross earnings...................3,183,172 2,954,772 3,186,028 3 ,2 8 2 ,0 'o
Operating expen ses......... 2,010,040 2,042,946 2,233,910 2,292,836
Net earnings.......... .. .1,103,132
18,021
O th e r in com e..... ......... . . . .

91 1,«2S
55,651

952,118
74,613

9 8 9 ,174
29,600

T o ta l......................... ....1 ,1 2 1 ,1 5 3
Interest, taxes, eto___ . . . . 927.146

967,477
873,442

1,026,131
70 \ 8 9 3

1,018,174
6>5,914

Surplus fo r y ear.......... 194,007
91,035
320,838
332,860
GENEEAL BALANCE SHEET JUNE 30.
1897.
1898.
Assets—
$
$
Road and equipm ent........................................... $51,398,935 $51,424,067
684,475
Stocks and bonds ow ned........................................
‘,oa
686,261
208,318
M aterials and s u p p lie s ..................................
186,16?
95.586
94,609
Due from a gen ts...............................................
606,914
490,842
Due from Individuals aud com pan ies.........
229,901
C a s h o u l u n i t ................................................................
85,818
36,506
Unaecrued interest on equipm ent notes. ..
20,562
221,623
200,420
Uuion Term inal B i t ........................................
M iscellaneous............................................ - ___
6,910
5.479
Total assets...................................................... $>3,471,936 $ 5 3,21 2,7‘ 7
L ia O U itics—

S tock ............................
$20,000,000 $20,000,000
B onds isos S upplem ent ) .................................. 29,990,000
29,990,000
102,193
18 4,252
Equipm ent notes (including interest) ..
I m erest on first m ortgage bon ds............
344,790
302,550
Real estate m ortgages................................
28»,798
289,798
Wages and supplies, etc.
.....................
432,322
393,300
Klnzua V alley KH. w arran ts...................
57,000
57,000
Bills p a y a b le ................................................
38,632
62,720
2,217,0 4
1,929,029
Profit and lo s s ..................................... ........
M iscellaneous................................................
127
128
Total liabilities.............................................. $53,471,936 $53,212,777
—V . 66, r . 906.

Buffalo Rochester & Pittsburg Railway.
("R eport f o r the y ea r en d in g J u n e 30, 1898.J

Gross earnings...........21,996,652 20,372.307 20,390,711 19,275,994
Operating ex p en ses.14,921,730 13,849/218 13,505,206 12,277,773
Net earnings . . . . 7,074,922
P .c . of exp. to earns.. (67-84)
Incom e fr. invest ,&c. 590,776

6,523.089
(67-98)
427,063

6,885,505
(66-23)
434,371

6,99 4,221
(6 3 (9 )
363/273

Total net incom e. 7,665,693
Disbursem ents—
Interest....................... 4,815,993
R en ts..........................
156,59 L
T a x e s........ ........... ......
610,252
162,620
Georgia RR, los-*.......
Loss other r oa d s.. . . .
12,4 80
Sinking fu n d .............
162.003
Unfunded d isco u n t.
26,375
8 ,& N . A . R R ..........
56,472

6,950,152

7,319,876

7,361,491

4,826,232 >
155.761 \ 4 ,9 -3,0 95
589,515
579,961
25,439
37,870
49,975
89,989
191,662
186,5 48
20,9 *7
14,727
108,441
* 0,18 3

5,913,738
569,3 26
108,264
90,025
175,000
6,887
697,669

5,970,972
979,180

6,660,909
700,585

Tot. disbnreom ’ ts 6,012,797
Surplus....................... 1,632,901
—V. 67, p. 222.

5,942.373
1,377,503

Oregon Railroad & Navigation Company.
(A d v a n c e sta tem en t f o r the y e a r en d in g J u n e 30, 1898.)

The following advance statement is issued:
1896-7.
Gross earnings................................................ $4,691,078
Operating e xpen ses....................................... 2,793,101
Net earnings........................ .................... $1,898,877
M iscellaneous in com e.........................................................

1897-8.
$6,895,393
3,953,420
$2,941,973
77,860

Total net incom e........................................................................ $3,019,839
Deduct—
Interest on bonds ............................................................................ $865,491
First m ortgage sinking fu n d .......................... i..............................
154,230
Depreciation water line equipm ent.............................................
89,350
T ax es....................
156,296
Discount and interest p a id ............................................................
616
Dividends (5 per cent) on prof, s t o c k ..............................
550,000 ,
Dividends ( l por Cent) on com m on s to c k ..................................
240,000
Total d eductions........................................................................ $2,055,983
Balance, surplus................................................................................ $933,8.56

Included in tbe extraordinary expenses below for the year —V. 66, p. 1141,
ending June 30 last are $101,384, cost of a new viaduct on the
Brooklyn Rapid Transit Company.
Buffalo Division. The surplus, after payment of 2 per cent
(E a r n in g s f o r y ea r en d in g J u n e SO, 1898.)
dividend on the preferred stock, has bsen applied to the pay­
The earnings of the Brooklyn Heights RR. and Brooklyn,
ment of $94,000 car trusts which matured in the year and to
expenditures for reducing the grades aud improving the lines Queens County & Suburban RR., which companies operate
of the company.
the lines of the Rapid Transit System, are shown below.

THE

A ugust IB, 1898.J

CHRONICLE

The Brooklyn Rapid Transit Co. owns the capital stock of
the Brooklyn'Heights and the Suburban companies, aud has
outstanding bonds of $6.39S.OO). leaving $302,000 still in the
treasury, as against $1,489,000 in the treasury in .July, 1897.
The Brooklyn Heights Co. contributes a certain amount
a year towards meeting the interest on these bonds, this
amount being the interest on the construction advances to
the Heights Company from the Rapid Transit Company, and
being included in the Heights Company’s fixed charges In
addition the Rapid Transit Company receives over $100,000
a year in interest upon securities held and funds invested,
and is entitled to all the surplus profits of the two operating
companies.

GENERAL

3L7
IN V E S T M E N T

NEWS.

Reorganizations. Etc.— Latest, D ata as to D ifa u lts, R eor­
ga n iza tion P h n s , P a y m in t o f O verdue C oupons, f?fc.—A.ll
f acts of this nature appearing sin ie the publication of the last
issues of the I xvestoss’ and th9 SraEEr R ailw ay S upple­
ments may be readily found by means of the following index.
This index does n ot include matter in to-day’s Chronicle,
Full-face figures indicate Volume 67.

Mis. Co.’ s.
R ailroads and Mrsn. C o’s—{Con.)
Volumes 66 and 67—
Page.
66 a n d 67—
P a g e .
Wheel. & L. E— vlan. LU2; forecl. I *.4^
do
2d instal. of a mss. 1239, 1 7 9
Appleton (Wis.) Water .......r cv .2 2 1
do
stock deposited.2 7 6
Balt. & Ohio.coupo w.850,859, 1043, '2,7
.............. p i a. ,i.l2 io Wise. Cent. Co.rc-'sho. uro.’s >mier
do
do
B R O O K LYN H EIGH TS R A ILR O A D .
R Ft. mort. of 1879.*476
do
do
reorg. ina trr>».10-S8,
do
do Objection to foreclo.
1235, * 2 7 , *2 2 1
( E a rn i igs f o r the y ea r en d in g J a n e 3 0 ,1 8 9 3 .)
—dep isits called for.'2 7 6
do
do
p^an ope rati or.2 7 £
S treet R ail w a y s .
do
do suit of pr f. shareThis is the operating comptny of the Brooklyn Rapid
hold rs fil'd .1 7 3
Volumes 66 and 67—
Page.
Transit and leases the B ookiyn City RR lines, whose earn­ Central Br., U. P . . . .sold.953,1013;
Bloom. & Normal St. Rv..soZt. 1.088,1187
, 1139, 7*2 Br’klyn ISl.no deposits after July 11.123 $
ings are included below. Etrnings for the late fiscal year Central Vermont— int.■plan
payment.*471
do
.......... Brid ie contract.2 7
Cent. VVasbinsrtoa.r«ori/. 8>6: via t. 953
do
Rockawau tr tins. I ‘2 I, 1 7 5
Chic. Ft. Madison & Dss Moine3...
Buffalo Kenmore & Tonawanda
1894-95.
1896-97.
1895-91.
IS 17-0 3.
rcor . 2 2 *
Electric...............reevr. 1013,1235, 2 7
$
$
Cincin. & Mask. Val.. successor c>.2 22 Calais <&Baring....................... sale.q 24
$
S
4.272,39 2 4J)52.189 Col. San.&Hock.reory. plans. 1 7 0 , '22 2 Delaware (O.) Elec. St.Ry. ...sold.2 7 4
.4,726.142
4,392,298
G ro5s earnings..
H
u
d
son
Tunnel
R
y—
forecl>sare.'&22
2,503.226
Dolgeville (N. Y.) H3i. L. x P ..recur. 2 8
2,859,803
2,617,738
.2,8 73 804
O perating expe
do
do
.............. reorg.'27 4 D lluth Street R y................. reevr. 7 3
& Black H ills.......... s ite. t-'2 i Ft. Wayne (ini.) Consolidated Ry.
1,769.166
1,7 74,560
1, 92,383 Kearney
_1.S5 2.33S
Kmgtield & Daad River......... saU.-2 l 2
foreclosure degree. 1 2 5
232,600
238,298
2 20,8 5 Kingston & Pembroke ....... vlao . 2 7 4 Lewiston & Auburn
!. 249,561
.........sate. 1*40
Newark (N. Y.) Water Works..*aZe.*475 Lynchburg (Ya.)Elec. Ry.& Light..
2,001.766
1.413,25 8 N. Y. Phila. & Norfolk.depostt* till
.2,101,899
2,012,958
reorga nized co. •274
Aug.
5.-275
Nassau Electric— teadju tm en tof
1,900,365
2,044,975
2,075,865
1,917.992
Ohio River & Charleston....... sold.'275
capitalization. 2 9
O hio S o u th e rn .dtposits rill A a j. 10.2 2 3 Newburg Elec. Ry.............default 1050
Balance for y e a r.........sur.l83,9>7 su r.l 12,493 def.43,109 def.662,607 Peoria Dec. & E vans vl lie. J o '•ectos.-4 7 . 5 N.O.Trae.ptan.‘4.9;
reorg.postoon,d .l2 G
Ricnmond Nicn. Irv. «fc B ;attvsP-ic Ry .stockholders ass°ssei 63 d c.1 2 7
GENERAL BALANCE SHEET JUNE 30.
ville ...................... sale Se >t. 6 . 2 1 1
Sandusky (O.) Street Ry.soZZ.JO, 1*27
1897.
1896.
1898.
Staten Isl. Rap.Tr.Hia/ of Zdsdepos. *75 Suburban Trac.(Orange, N.J.).s >ld. 7 5
do
do
penalty
after
A
>17.22.-27
5
$
Union Trac. of N. J . .(UpositsAQZQ 1142
$
Assets—
$
465,410
do
do
__oi.ans.V2 7, 5275
468,353 Tacomx Land Co........... ...... reGvr.275
Cost of road an 1 equipm ent................. 463,190
West Troy Water............... r e c o r . 2 7 t i
Wilkesbarre & Northern— reorg 1190
143,119
Construction suspense.............................................
Brooklyn C.ty RR. Co. construe, aoc’ t.4,125,356 3,277,592 2,821,704
American Caramel Co.— New C om p 'm y—Stocik O ffered .—
109,985
155,203
Betterm ents................................
275,369
109.36 3
244,907 C. I. Hudson & Co. in their advertisement oq another page
Supplies o q h a n d .......................
121,062
201,770
90,753
Open accoun ts.......................................... 112,765
909
2,898 offer for sale a block of this company's preferred stock. The
Insurance, etc., paid (oot earned).........................
Caramel Company i3 anew Pennsylvania corporation, which
315,846
Cash on hand............................................ 318,047
238,016 on March 28, 1898. purchased the property, good will, etc., of
M iscellaneous........ .................................
6,883
Profit and loss deficit................................................
the P. C. Weist C l of York, Pa , and the Breisch-Hine Co.
T ota l.................................................... 5,453,072 4,623,997 4,369,622
Liabilities —
200,000
200.000
Capital stock............................................ 200,000
250.000
210,000
Funded d ebt.........................
250,000
B. R.T.Co.’s equity in B. C. construe H .4,010,120 3,2 48,065 2,757,653
M ortgage indebtedness.........................
19,000
19,000
365,546
Loans and bills p ayable....................
100,000
68,945
3,446
Interest due and a c c r u e d .....................
3,477
37,476
Interest annuities.....................................................
259,123
233,580
D ue on open accounts, e t c .................... 347,922
134,769
20 4,055
Taxes accrued (not d u o ........................ 179.566
303,896
313,581
R entals accrued (not d u e).................... 307,196
124,479
Profit and loss, surplus......................... *18,391
5,455,672

Total

4,623,997 4,369,622

1T Payable by Brooklvn City RR. at term ination o f the lease.
* Surplus June 30, 1897, $124,479 ; surplus for 1897-8, $183,907 ;
tota l surplus. $308,386; deduct $200,00 ) to B. R. T. Co. and $90,000
dam age claims charged o ff—$2 90,0 00; surplus June 30, 1893,
318,386.
BROOKLYN QUEENS COUNTY & 8UBURBAN RR.

( E a rn in g s f o r y e a r en d in g J u n e 3 0 ,189 8 J

R

a il r o a d s &

V o lu m e s

of Pniladelphia, which companies, it is stated, practically
controlled the American export business in caramels. Tae
new company has no bonded debt and its capital stock con­
sists of $1,000,000 common and $500,000 8 per cent cumula­
tive preferred stock, dividends payable J-J. The net earn­
ings for the year ending February 1898 are reported as $31,000
and for the four months ending June 30 1893 as $87,000.
The trial balance July 1, 1898, is as follows:
L IA B IL IT IE S .
RESOURCES.
M erchandise...................
$48,068 Capital stock, com m on.$1,000,000
C isli accoun t.................
500,030
26,404 Capital stock, p fd .........
Stocks aud bon ds..........
325 Undivided p r o fit ..........
42,86 )
Equip. & machinery___
73,584 A ccounts payable.........
9,241
Furniture & fix tu res...
6,849
R olling stock .................
603
Real estate......................
50,184
Bills receivable........
590
Franchise........................ 1,289,404
A ccounts receivable___
56,105

T otal............................. $1,552,101

T otal.............................$1,552,101

Tue directors are Messrs. D. F. Lafean, G 9 0 . W . Williams,
Gao. F. Breisch, Walter S. Hina aud Harry R. Jones.

This road belongs to the Brooklyn Rapid Transit; system,
but its earnings are reported separately. Earnings for the
American Electric R e n t in g — R eorga n iza tion P robab ly to
late fiscal year have been compiled, and compare with pre­
be D eferred .— A Boston piper says :
vious years as follows:

The proposed reorganization whereby the $40,000,00) capital was
to be sealed to $i ,000,000 will probably not be attem pted this year.
The bondholders are al30 tlie largest stockholders and they will p rob­
ably be content to go without their interest and effect no radical
reorganization at present, in the hope or better things to come. The
N et earnings.............................$343,834 $292 774 $233,817 $174,182 large owners of this com pany believe that there are great possibilities
Incom e from other so u rce s.. 24,059
9,382
18,017
36,129 in the electric-heating field, b it they realize that electric heating is in
its infanoy, and it is not anticipated that the use of electric-heating
Gross Incom e.......................... $367,893 $302,156 $251,834 $210,311
apparatus will com e into general use until lower rates are obtainable
Taxes and interest................ 364,941
357,272
3 4 i,501
339,0 38 for electricity. The interests m ost prom inently identified with the
American Electric Heating C orporation were among the pioneers in
Balance, deficit..............surp. $2,952
$55,116
$93,727£$128,757 the American Bell Telephone Co. They say that for the first five
years after the orgaoiz ition of the Bell Co. it was one of the greatest
G E N E R A L BALANCE SHEET JUNE 30.
o f disappointments a n l did n it begin to offir the opportunities of the
1*97.
Assets—
1898.
1S'.>7. I Liabilities—
1998.
$2,000,000
American
Heating Electric Co.—V. 65, p. 1113.
Road and equip.. .$8,5t>5,045 $8 880,99> Capita! stock....... $2,00 >,000
Treasury bonds..................
250,ooc| Fun led dent . .. 6,574,000 6.490,000
Open accounts...
0,000
Int. on bonds dua
American
Fisheries Co.— American Sardine Co.— F ish
114 333
Supplies on hand.
1,539
1,539 and accrued.......
17.1LC
Oil <& G uan o C o. — Status.— A m m l M eetin g .— Tae Fish Oil
48,400
Betterments......................
10.313 |Coupon account...................
395.000 & Guano Co. was registered in Great Britain two yaars ago
Sundries.............
3,108
4.210 ,
Loans............
205,000
64,642
Cash on hand......
t*",607
70,574Miscell. accounts.
71,764
as auscegsor of a syndicate ia the same business. The com­
Profit & loss, def.
3 >3.636
3t6.635 I

1397-8.
1896-7.
1895-6.
1894-5.
U ross earnings.........................$756,141 $730,276 $684,946 $589,403
Operating expen ses............... 412,307
437,502
451,129
415,226

pany is largely interested in the American Fisheries Co.,
which was floated last sprine. and in its subsidiary organiza­
tion, the American Sardine Co., which was -incorporated in
Pittsburg & Birmingham Traction.
April last. A t the annual meeting of the Fish Oil & Guano
( R e p o rt f o r the y ea r en d in g J u n e 30, 1898. J
Co. in Dublin on July 23 a letter was read from John E,
The new Brownville Avenue line, 7 miles in length, seems Searles which, under data of July 5, makes the following in­
to have added materially to the company’s prosperity, the teresting statements regarding both these companies :
number of passengers carried by the system during the year
The fishing season has opened v ery satisfactorily. The cateh on
the coast o f Maine, where thd season com m en ce! during June, has
having reached 8,612,027.
been very large. W e seat up some of our b >ats fcom this section or
The statement of income for the late year is as follows :
the coast, so that we had fifteen steamers constantly em ployed there.
Total........ . . . . f 9,"30.960 19.112.375 1
- V. 60. p. 953.

Earnings—
Railways and Inclines___$115,210
D ividends on stocks—
Pitts. A Birm. Pass. R R . 11,904
Mt. O livet Incline R y ..
4.044
Advertising, mail, e tc
5,044

Total..............$J,03),S80

$>,112,375

Expenses, etc.—
Operating ex pen ses........ $202,879
I m erest and discount—
1
T a x e s .................................. 18.390

The fish are now running both off Rhode Island a n l Delaware
coast, and this week we shall com m ence to catch them in the neignborhood o f Promised Land. A ll indications at the time of writing are g
m ost favorable for a good season’ s business.
.
.__
ir we are successful also in getting control o f the sardine business,
Total exp. and t a x e s ...$ 2 2 i,702 wo shall make the comm on stock a desirable Investment. 4 h jv e nau
my confidential agent with throe attorneys in M im e for the past
,$243,500 three weeks, aud Mr. Gifford has spent the last ten days there trying
Total gross receipts___$436,202 Net earnings.
the various
.$117,43G to p erfect the title to the properties an l the contracts
Interest on bonds...........................................
3 4,59 L vendors. Tli *re has been an unfortuaate hitch through the refusal o i
Rental ($12,000) and bridge tolls ($2 2,591)
, 30,000 some of the larger packers to carry out their signed agreements, but
Dividend paid April 1, 1899 (1 per c e n t )...
7,833 we are hoping to get them all into line during the present week.
Betterments, new equipment, e t c .................
Meanwhile the Am erican Sardine Co. lias baen incorporated, a n l we
are all ready to organize the business within twenty-four hours when
$23,635
Balance, surplus for year.
these dlfii >ulties are overoome.
—V. 63, r . 794.

318

THE

CHRONICLE.

Lord Lurgan, Chairman of the meeting, added :
It appear* that options upon 51—virtually all the fa ctories In the
sardine luOUistry—have been secured, aud the com p an y's represcuta
lives have been engaged la exam ining Into the titles o f the properties
in uuesiion, accounts, valuations, et ■. The net earnings o f ihe com ­
bined factories, eveu during the period when they were lighting and
com peting with each other, it Is represented to ns,were o v e r £00,00 0 a
vear, whereas, by the consolidation o f their Interests aud as the result
o f pending contracts, Mr. Searles advises us that when the different
factories tire iu prop er w orking order the incom e from them w ill be
about £ 2 0 0 ,0 0 0 per annum. 1!ndor all the circum stances I can only
sav that the affairs ot the American Fisheries Co. are prom ising very
satisfactorily considering the short time it has been organized.

It was expected the shares of the American Fisheries Co.
would have been listed before this on the New York Stock
Exchange, bat there has been delay, owing in part to the
fact that the shares are £t each instead of £30, as the Ex­
change desires they should be.—V. 66, p. 286, 809.
American Thread Co.—English Sewing Cotton Co.—
F en d in g Issue in London and 1Veto Y o rk . —As to the floating
of the new securities of the American Thread Co., the
“ Money Market Review" of London says:
"The prospectus of this important "combine" may he ex­
pected soon after the holidays. The total capital of the com­
pany is $18,000,000, thus divided: $6,000,000 four per cent
gold debenture bonds, $6,000,000 six per cant preference
stock and $6,000,000 ordinary shares. It is stated that $3,000,000 of the capital has been subscribed by the United
States thread-makers, and that the English Sawing Cotton
Company will, when the remainder of the capital has been
secured, subscribe $1,601,000. There will thus remain to be
taken up only $6,000,000 of the gross capital, half in 4 per
cent gold debenture bonds and half in 6 per cent preference
stock) All the ordinary shares will he held by the English
Sewing Cotton Co. and the makers in the United States,
leaving for the public the debenture and preference stocks.
It is stated that the promoters are working in harmony with
J. & P. Coats, Limited."—V. 68, p. S99.

[YOL, LXVII,

lien on the entire property, estimated “ as well worth $4C0,000.” None of the bonds lias yet been issued.
The old bonds fared as follows:
" T h e tirst m ortgage bonds $100,000 and interest w ere paid in fu ll
The 60.0011(1 nibrtgnge bonds, $73,000 ami lute-eat, received about 90
per cent. The third m ortgage bonds. $227,000. received about. $15,OOO. The stock Is worthless. The Court costs, am ounting to about
325,000, including solictor's fees, w ore all paid from th e proceeds of
the sale."

None of the officers, directors or stockholders of the Bloom­
ington City Railway have any connection with or interest in
the new corporation, the Bloomington & Normal Railway,
whosa officers are: President, A. E. De Mange; Secretary,
Willis E. Gray: Treasurer, J. F. Evans.— V. 66, p. 1187.
Boston & Albany.— R u m ors .—The price of the company’s
shares has advanced in Boston this week about 25 points, to
250, giving rise to rumors that either the New York New
Haven & Hartford or the New York Central is seeking con­
trol of the property. Official confirmation of a deal is lack­
ing, indeed the report has been denied.
Q uarterly . — Earnings for the quarter ending Jane 30 have
been reported as follows:
3 m onths endGross
in g June 3 0— earn ings,
1 8 0 3 ............. $2,203,379
18 07................ 2,375,257

Net
earnings.

.

056,291

Interest, Dividends B alance
s u r p lu s .
taxes, etc.
$108,131 $500,01 0 $92,703
106,994
500,000
49,297

The figures f r the fiscal year ending Jane 80 are given on
a preceding page under annual reports.—V. 66, p, 952.
Boston Elevated Ry.— P ir n s A p p r o v e d . —The Massachu­
setts Railroad Commissioners have* approved the company's
plans as to the stations and approaches thereto, the track
system with walls and hand rails, also the contact rail and
guard. The cars are to be run with electricity by the “ third
rail” system, but the contact rail instead of being in the
center of the track is placed outside, elevated slightly above
the track rail.—Y. 67, p. 221.
Boston & Maine RR.— Q u a rterly. —Earnings for the quarter
Augusta Southern RR.— South Carolina & Georgia R R.— and the twelve months ending June 3) were as follows:
G r o ss
.Ve t
O th e r
I n t e r e s t,
B a la n c e ,
E ffo rt to B rea k L ea se. —James U. Jackson, the President of 3 mos. e n d .

the Augusta Southern, has been made temporary receiver of
the road pending an application to annul the lease to the
South Carolina & Georgia. It is claimed that the latter
company has violated the terms of the lease and allowed the
property to deteriorate.—Y. 64, p. 468; Y. 66, p. 901.
Baltimore & Ohio RR,—Y ear's E a rn in g s. —The following
comes from an official source : “ The gross earnings from the
operations of the roads for the fiscal year ending Jane 80,
1898, reached the large sum of $27,612,483, an increase of
$2,060,810 over the similar period of 1897. The receivers,
after they were appointed and had examined the situation
carefully, were confident that if their policy was carried out
the earnings of the railroad would he very greatly aug­
mented, and, as is well known, they began a series of im­
provements that, while not yet completed, have progressed
sufficiently to demor statute beyond question that the B. & O,
has an earning capacity that will place it in the ranks of the
profitable railroads in the country within a few years. The
two million dollars increase in gross was made only with an
increase of $281,391 in expenses, giving a net increase of
$1,778,919, the approximate net earnings from the roads alone
for the year being $7,348,947, or largely in excess of what
the fixed charges will he under the plan of reorganization.
In addition to these earnings there is a miscellaneous net
income from various sources of about §900,f 00.” [The re­
organization plan, in V. 66, p. 1236, in estimating the position
of the reorganized company deducts from the other income
for the year 1897 93 the sum of $251,000, as representing the
income from securities, Western Union Stock, etc., since
sold. Making this same deduction from the total net income
($8,248,947) as above, would appear to leave as the net avail­
able income for the reorganized company $7,997,947, contrast­
ing with $7,724,785 as shown in the estimate furnished by the
plan. The fixed charges of the new company will be about
$6,253,000.—Ed.]
“It mnst be remembered that daring last July and August
there were coal strikes in Ohio, Pennsylvania and West Vir­
ginia, which in two months cost the B. & O. more than half
a million dollars and that never in the history of the country
have rates been so low.
“ The following is a statement of the gross earnings since
1862, two months of 1898 being approximate :
1 S 9 3 ....,.$ 2 6 1214,F 07 I 1895....... .$22,817,182 I 1897........ $25,582,122
1 3 9 4 _____ 22,502,682 11 8 9 6 ....... 23,914,781 |1893......... 27,642,432

B a ltim o re B ell Bonds D ep osited . —It is announced that 90
per cent of the Baltimore Belt RR. 5 per cent first mortgage
gold bonds has been deposited under th9 plan of reorganiza­
tion, Brown Brothers & Co. here, in Philadelphia and Bos­
ton, and Alexander Brown & Sons, in Baltimore, will con­
tinue to accept deposits until and including Aug. 15,—V. 67,
p. 273.
Bloomington (111.) ,fc Normal Street Ry.—New S ecu ri­
ties . —P a y m e n t s o n Old B on d s. —The Bloomington & Normal
Street Ry., as successor of the Bloomington City Ry., fore­
closed, has made a mortgage to the Illinois Trust & Savings
Bank of Chicago, as trustee, to secure an issue of 3350,000
first mortgage 5 per cent gold bonds dated July 1, 1898, aud
due July 1, 1933, but subject to call at par on thirty days’
notice ten, fifteen or twenty years from date. The interest
on this loan is payable either in Chicago at office of trustee
or in New York at Chase National B ink. The loan is a first

30. e a r n i n g s ,
e a r n in g s .
1898....... $4,787,917 $1,490,378
1897.........
4,904,670 1,495,610
12 ni' s
1897-8...$19,742,943 $6,062,156
1896 7 ... 19.553,687
6,000,473
—V. 66, p. S99.
J u n e

in c o m e .

ta x e s ,

J e

s u r p lu s .

$274,747
236,242

$1,3( 4,4 ' 2
1,348,750

$400,703
383,402

$697,320
633,509

$5,426,272 $1,333,201
5,301,086 1,337,896

Brooklyn Heights RR.—Brooklyn (Jtieens County &

Suburban RR,—Q u a r ' c l y ,—’fhoge 'companies operate the

lines of the Brooklyn Rapil Transit system. Earnings for
the quarter ending Jane 3D have baea reported.
Brooklyn neionrs jhh.umd .
3

m o n th s

e n d -

G r o s s

t u g l i m e 30— e a r n i n g s ,
1893.................$1,345,710
1897
...... 1,179,552

N e t

O th e r

e a r n in g s ,

in c o m e

$547,295
513,066

$63,989
57,932

I n te r e s t,
ta x e s ,

e tc .

B a la n c e ,
s i r s in s .

$483,794 $ 1 32,4 90
463,590
107,408

BROOKLYN QUBEXS COUNTY * SUBURB I X RR.

3 months—
1898.................
1897.................

$203,210
195,199

$103,125
94 073

$5,187
2,625

$92,835
8 <,382

$15,477
7,819

Brooklyn Heights loans aul bills payable Jane 3D, 1893,
were $100,000, against $251,000 on Jane 30, 1897, and for
Queens County $285,000 against $395,000. The figures for the
twelve months ending Jane 30, 1898, will be found under an­
nual reports on a preceding page.— V. 66, p. 858, 953,
Brooklyn [Rapid Transit— Nassau Electric R R.—N ego­
tia tio n s .— Plans looking to a nnion more or less complete of
the street railway companies of Brooklyn it is known have
long been mooted, but the claim is now made that “ negotia­
tions for the consolidation of Brooklyn Rapid Transit and the
Nassau Electric systems are progressing rapidly.”
In crea sed F a cilities W an ted . —The Brooklyn trolley com ­
panies have met Bridge Commissioner Shea’s request for
higher tolls with a. request for additional terminal facilities.
The plans presented include four additional trolley loops in
the Manhattan terminal to the east of the present loops, as
well ae permission to build an inclined plane leading to the
bridge structure from Washington Street. This latter would
enable a portion of the cars to reach the bridge without cross­
ing the tracks at Sands Street. The companies intimate that
they are willing to enter into a new agreement and pay higher
tolls if they are granted the additional terminal accommoda­
tion.—V. 66, p. 1139; V. 67, p. 274,
Buffalo Traction Co.— Buffalo Street Ry.— F ree T rans ~
fe n s in P la ce o f F o u r-C en t F a r es .— M a y o r Diehl, of Buffalo,
has approved the resolution of the Common Council amend­
ing the grant of the Buffalo Traction Co, so as to revoke the
rebate check and four-cent fare provision and to permit a
five-cent fare. This change was made on condition that a
system of transfers should be established among all lines in
the city. The Buffalo Traction Co. was Recently reported to
have passed into [the control of the Street Railway interests
and the establishment of a universal transfer system natur­
ally follows from the change in ownership.—V. 66, p. 1139,
Canadian Pacific R j . —D ivid en d In crea sed . —The dividend
payable on the common stock Oct. 1 has been declared, and
is 2 per cent, contrasting with V~/2 per cent last October.
This payment will make
per cent distributed on the
$65,000,000 ordinary stock in the calendar year 1898 as against
per cent in 1897.— V. 67, p. 125,
Central Pacific RR .— G overnm en t F oreclosu re S u it.— A t­
torney-General Griggs is quoted as saying : “ I am prepar­
ing a bill to foreclose the debt, and it is completed save for
the insertion of a few facts about which nobody seems to be

A ugust 13 1898.J

THE

CHRONICLE.

certain. Unless there shall be soon an indication of some
substantial movement to meet the expectation of Congress
in the -way of a proposition to extend the debt the bill will
be filed somewhere along the line of the .property involved.”
A telegram from London, it is said, has been received in
Washington saying that Sir William Harriott, Chairman of
an organization of British stockholders, will sail for the
United States this month for the purpose of submitting a
bid for the property.—V. 67, p. 124.
Chicago Rock Island & Pacific Ry . —8923.000 G eneral
M ortgage 4s L isle 1.— The New York Stock Exchange has

319

Denver Leadville & Gunnison RR.—Union Pacific RR
— F oreclosu re — At Denver on August 6 Judge Rlues in the
United States Court entered a final decree of foreclosure in
the suit of the American Loan & Trust Company against the
Denver Loadville & Gunnison RR., whose bonds were pledged
as collateral to secure the Union Pacifi.3
per cents for
$2,308,000 due Nov. 1, 1918.—Y . 62, p. 139; V. 67, p. 179,
Denver & Rio Grande RR .— B on d C onversion R ate~ A A v a n c e l. —Kuhn, Loeb & Co. and Speyer &Co. announce that

on and after September 1 the terms upon which the first
mortgage7 per cent bonds due Nov. 1,1900, can be converted
listed $933,000 additional general mertgage 4s, making total into 4 % per cent first consols will be changed so that the
amount listeI $45,923,000, all issued in accordance with the price to he paid for the 4}£ per cent bonds issued will be at
provisions of the mortgage, and to retire bonds as follows :
the rate of 104 per cent instead of 103 per cent.—V. 67, p.
To retire $10,712,000 o f first m ortgage extension and co l­
lateral 5s at 105.......... ................ ........................ - ..................$12,747,000
To retire $2,541,000 30 year deoenture 5s, out o f an issue
of $1,500,000, called f >r payment Sept. 1. 1893................ 2,676,000
Issued under Section IV ., A rticle I. o f the general gold
bond m ortgage.........- .................................................................
500,000
Total am nint o f 4 p. c. gen. M. gold bonds ou tstan d in g .?! 5,923,000
—V. 67, p. 125.

Cleveland Cincinnati Chieato & St. Louis Ry.— Chicago
Indianapolis & Louisville.—Cincinnati Hamilton & Daytop H j . —Talk as to A cq u isitio n s.—'W ith reference to the re­
peated reports that control of one or more companies has been
or is about to he acquired by or in the interest of the Cleveland
Cincinnati Chicago & St. Louis, General Samuel Tnomas on
Thursday said that he did not know of the completion of any
such deal, though he admitted that there had been consulta
tions in the boards of several Western railroads in regard to
possible combinations or absorptions. He believes that the
formation of a system including the Cleveland C.ncinnati
Chicago & St. Louis, the Chicago Indianapolis & Louisville,
the Cincinnati Hamilton & Dayton and the Chesapeake &
Ohio railroads would be entirely feasible andjthat it would
be a good step for the railroads themselves and would prove
a large factor in preserving through rates.—V. 67, p. 27, 273;
Y . 66, p. 1043.

Electro-Pneumatic Transit.— R estora tion o f C h a rter.—
The company’s charter which was declared forfeited on May
4, 1897, by the Attorney-Gsneral of New Jersey, for failure
to pay taxes, was restored last week thro ugh the efforts of
the Reorganization Committee, which secured the payment
of the amount due, viz., $11,50). It is proposed next to bring
suits to recover various patents belonging to the company
which are said to be valuable, but the revenue from which is
now enjoyed by others.—Y . 63, p. 384.

Erie & Central New York t l x — New P resid en t , E tc .—
Charles O. Scull of Baltimore has been elected President and
director, succeeding Stewart Browne of New York, re­
signed.
The United States Fidelity & Guaranty Co. of
Baltimore, it is stated, controls about $250,000 out of the
$300,000 bonds, and will take care of the small amount of
outstanding contractors’ obligations. Tne road runs from
Cortlandt, N. Y ., south to Cmcinnatus, 20 miles. The in­
terest on the bonds was not to begin until the completion of
the road, which has ju3t been accomplished. Of the com­
pany's first mortgage gold 6s, $75,000 were offered for sale
this week at auction, with Feb. 1, 1893, coupon attached.—
Y . 66, p. 857.
Fitchburg RR .— Q uarU rlg —Earnings for the quarter and
Cleveland Medina & Southern Electric Ry.— New M ort­ the 12 months ending June 30 have been reported:
3 mos. end.
Gross
Net
Balance,
g a g e .—T ne company has made a mortgage to the Cleveland
Jane 3 0 — earnings.
earnings.
Charges.
sur. or def.
Trdst Co., as trustee, to secure $500,000 of 5 per cent $500 18 98 ................... $1,736,959
$121,702
$102,064
sur.$19,638
twenty-year bonds, dated July 1, 1808. The company's auth­ 1897.................... 1,773,462
396,189
396,845
def.
656
12 m onths—
orized capital stock is $750,000. and its line of road will extend
$7,359,470
$2,275,899
$1,567,640 sur.$’ 08.259
from Cleveland southerly to Wooster, on the B. & O. RR., a 1897-8................
1896-7................ 7,042,454
2,185,73d
1,552,137 sur.633,299
distance of 52 miles. The company informs ns that about 30
Dividends on preferred (4 p. c. per annum) are paid semi­
miles have been graded and bridged and that the contract
annually, calling for about $151,000 quarterly.—Y. 66, p. 900.
for overhead construction has been let. Joseph W . Roof of
Cleveland is connected with the enterprise.
Gas Companies and War Tax.—N ot T axable as P ip e L in es.
—Internal Revenue Commissioner Scott has ruled that gas
Commonwealth ElectricCo. of Chicago—Chicago Edison
companies are not subject to the war tax on pipe lines.
Co.— 'Stock In crea sed .—The Commonwealth Electric Co. hae
certified to the Secretary of State at Springfield, HI., an in­
General Electric .— M eeting A d jou rn ed One W e e k .—Over
crease in its capital stock from $500,000 to $5,000,000. The 95 per cent of the stock was repre ented at the special meet­
company was formed in accordance with the plan in the ing on Wednesday to vote on the proposition to re­
C h r o n i c l e of May 28, page 1043, and has taken over, or will duce the capital stock 60 per cent, hut there were so many
take over, says the “ Chicago Economist” all the important proxies that it was 6 o'clock before the credential committee
electric lighting and power business in the territory west of was ready to report, and it was decided not to vote on the
Ashland Avenue, south of Thirty-ninth Street and North of question till Aug. 17.
S u it F iled .—The preferred stockholders’ committee (see V.
North Avenue. The consolidation was effected by Samuel
Instill, President of the Chicago Edison Company, and the 67, p. 222) has filed suit in the United States Court to restrain
management of the Commonwealth and E iison companies the company from decreasing the amount of the preferred
will be harmonious; but the bonds to be issued by the Com­ stock.—V . 67, p. 222.
monwealth Co. will not be guaranteed by the Edison Co.
Glucose Sugar Refining.— Com pany's P o licy .—The daily
New M o rtg a g e .—The new mortgage, it is understood, is papers quote one of the directors (one of the Messrs. Mathiesdated June 1, 1898, and is made to the Northern Trust Co., as sen) as saying:
trustee, to secure an issue of 5 par cent bonds. These bonds
We are operating on tlio p olicy that t.lie absolute bod-rock basis for
will mature in 1943 without option of earlier redemption. Of tbe successful conduot of an industrial oompany sueb as ours is to be
able
to soil its product at a prioe which, while reudering a profit, is
the loan $2,000,000 will be issued at once to the syndicate,
unprofitable to com oetitors. We are doing ju st that thing. Tbe
$150,000 will he reserved to retire underlying bonds of com­ still
fact is, there is not at this timo a bushel o f corn being ground by any
panies absorbed and $350,000 will be issuable hereafter for concern except those in our com pany. We organized, taking in live
extensions. In excess of $2,500,000 the bonds can be issued plants, only one of which was profitable. We are now operating
at a profit.
only to the extent of 75 per cent of the actual cost of exten­ them
We are in business for a long pull. On a ten-year run we might
sions and improvements. For the first live years the surplus have raised prices, made $ >,000,000 the first year, $2,500,000 the
earnings are to be expended for betterments and thereafter a next, $1,000,000 the n ex t and down to nothing at the end of ten years.
It is better business to bo moderate and earn $2,001,000 a year for
sum equal to $17,000 for each $1,000,000 bonds issued is to be ten
years, which w ould bo $ 10,010,001 in profits, against a loss of
applied yearly to a depreciation reserve account.—V. 68, p. $10,000,000 the other way. W e did fo r a very short tim e make the
1043; V. 67, p. 273.
mistake in the beginning of putting the price too high, but it did not
last long. W e have abolished the rebate system and are doing a

Consolidated Street Ry. of Grand Rapids.—S ta tu s.— straight, clean business on the m erits of our product and price, and,
C ou pon s. — Messrs. B'.odget, Merritt & Co. of Boston, to best of all, we have on this basis cleaned up all com petitors.
whom we wrote concerning the Grand Rapids Street Ry.
first mortgage 6s, say: “ There is nothing new for publi­
cation regarding this property or the status of the bonds,
except that the interest his been piid within six menth3 of
the time of default in each case, together with interest on
the deferred payment at 6 per cent, six months being the
pdriod of defan't fixed by the mortgtge before foreclosure
can be enf oreed.”—V. 65, p. 307.
Covington (K.v.) Gas Light—Suburban Electric.—Pend ­
in g P u rch ise .—The arbitrators to whom has been submitted
the question of the proposed purchase of the Covington Gas
Light Co.’s plant by the Suburban Electric Co., under an
option bought from the city of Covington, consists of Judge
Humphreys, of Louisville, and John D. Hearne representing
the gas company, and Julge O Rear, of Mo. S te r lin g , and
James K, Stone, of Newport, representing tbe electric com
pany, anl Samuel H. Stone, State Auditor of Kentucky, as
tbe fifth arbitrator. These five will fix the value of the
plant. Tney will hold t h n e x t meeting about Ootohjr 10,
when their report will be male known,

As to tbe dividend on the com m on stock, w e will begin the pay­
ment o f 1 >s per oent quarterly the first o f next September. There will
bo no occasion fo r charging off next year $600,000 fo r betterments.

R ubber fr o m C orn Oil .—Regarding the company’s attempt
to utilize waste corn oil in the manufacture of a rubber sub­
stitute, the “ Chicago Tribune” says :
From tbo waste of ordinary yellow oorn com bined with Para rubber
iu the proportion of half and half tbe com pany’s chemists have pro­
duced a rubber that will beud and stretch, and that has all tbe resil­
iency o f tbe best Para caoutchouc. Experts say this new rubber will
cheapen the oust o f rubber goods at least 25 per cent Corn rubber
has almost exactly tbe appearance o f the ordinary reddisli brown iudia-rubbor. The process of manufacture is not perfect enough to make it
resist beat as well as india-rubber, a id the ohemiats are n >w working
to remedy this defect. Rubber made from oil of oorn, however, doss
not oxidize readily as does ordinary india-rubber. A rJoles manufac­
tured from it will always remain pliable and not; crack.
Contrary to reports, this corn rubber lias not boon put on tbo market
and will not be for some t:me, officials of th > company say. Tne
company intends to go on with its experiments till the success o f the
new substance is sure, and then to patent the process and to go into
the manufacture on an immense scale. The corn rn bor, it is said,
will lie adapted to nearly all the uses that ordinary rubber is capable
of—from bicycle tires to linoleum. TUe more refined uses to wliiou the
rubber Is put, however, will still b o a olosed field, for tbe com position

T H E

320

C H R O N IC L E .

ot com rubber will [ircvom. lu sumttuuou for iallarubbar for
scientific a sis its in me.llclan amt surgery. —V. 87, p. 272,

Henderson Bridge 00.—C alled. —Bonds numbered:
S3T Kin ass 42 e#2 sw wo* jot7 i u usi u»?
losti
an era su jsa cos sit iosj u n
nsi iso., i-va
have been drawn by lot and will be paid by the Central Trust
Co. on Sept. 1, 1898, at 105 per cent.— V. 61, p. 334.
Hudson Electric Light Co. —C o n tro l P u rcha sed .—Control
of thi« company, which supplies Hoboken. West Hoboken,
Weehuwken and other towns north of the Delaware Lacka*
wanna & Western RR. with light aud power, has been pur­
chased by Newark and Jersey City men, including, it is
stated, B. M. Stanley, B, F. O. Young, Miles Tierney and
others. The company’s capital stock is $400,000 and it has
outst nding $100,000 of 6 per cent gold bonds due July 1,
1923, but subject to call at 103. Tne company on Jan. 1,
1893, had in use 8,217 incandescent lamps, 66G arc lights and
169 horse power motors. Its earnings in 1897 were, gross,
$196,296; net, $89,724; interest charge, $31,288; balance, sur­
plus for year, $58,646.
Illinois Central RE.—Canton Aberdeen & Nashville
RE.— P ro p o sed E x te n s io n . — President Stuyvesant Fish and
General Manager J. T. Harahan, of the Illinois Central R R .,
and others, have applied to the Secretary of State at Birming
ham, Ala,, for a charter for the Canton Aberdeen & Nashville
Railroad, capital stock $1,000,000. The road will be 65 miles
long, running from West Point, Miss., through Fayette, La­
mar aud Marion counties, Ala., to an 11,000-acre tract of coal
land bought and operated by the Mississippi Valley Coal Co,,
near Winfield, Marion County, last fall. Winfield is a station
on the Kansas City Memphis & Birmingham RR. The new
line is that mentioned in onr issue of March 5. page 47 L. It
may eventually he extended further north.—V. 67, p. 274.
Little Rock Hot Springs & Texas RR.— P r iv a te B id s
to be R eceiv ed U ntil Oct. 1.—-No bid was received on
July 9 (the date set by the Court for the sale of the prop­
erty) as high as $50,000. the upset price, and the sale was ad­
journed till Aug. 9. On July 23, however. Judge Williams,
at Little Rock, issued an order authorizing the receiver to
receive private bids until Oct. 1, the property to be advertised
for sale in case any bid of at least $50,000 is received accom­
panied by a deposit of $3,000,— V. 65, p. 69,
Long Island RR.— Qi/jtkterly.-^-Earhings for the quarter
ending June 30 have been reported.
3 months endGross
Net
Other
Interest. Balance,
ing rune 30. earnings,
earnings, income, taxes, etc. surplus
18 98..................$1,129,829
1897................. 1 0 55,1 66

$380,501. $32,608
351,1125
40,950

$310,078 $103,091
3 1 6 ,9 5 1 ,
75,921

Loans and bills payable June 30, 1898, $1,579,000, against
$1,600,000 on June 30, 1897, The figures for the IPcal year
ending June 30, 1S98, were given last week under annual
reports on page 372.—Vol. 67, p. 272.
Louisville & Nashville Terminal Co.— New B o n d s .— We
understand this company will issue $2,000,000 of 50-year 4
per cent bonds to meet the cost of the property and for im­
provements.—V. 67, p. 222.
Manhattan Steamship Co.— N ew S team ship L in t to M aine
B eg in s O p era tion s .—This company, incorporated last Janu­
ary, on Thursday began a regular steamer service from this
port to Maine. It is intended to have two steamers a week,
one on Mondays and one on Thursdays, sail for Rockland,
Camden. Belfast, Bucksport aud Bangor, and on Saturdays
one for Eastport direct. The oompany also expects later to
operate a line to Portland aud another to Yarmouth, N. S.
The present steamers, the Pentagoet and the Philadelphia,
are small freight boats, but three new passenger and freight
steamers are to be built. The vessels will use pier No. 6,
North River. The local office is in the Bowling Green Build­
ing.— V. 66, p. 237.
Metropolitan Street Ry .— In crea se o f Stock A u th o r iz e d .—
The stockholders this week duly authorized the proposed in­
crease in the capital stock from $30,000,000 to $45,000,000.
Of the new stock $5,000,000 will be held in reserve in the
treasury. The other $10,000,000 will be distributed among
the present stockholders at par in proportion to their present
holdings.
EJLast November there were issued to the stockholders of
the Metropolitan Traction Co. as a 20 per cent dividend $8, 000,000 debenture certificates. These obligations were
created subject to the following agreement:
“ W henever the capital stock ot said M etropolitan Street R ailw ayO o.
shall he Increased to the extent- ot $ 6,000,000, such additional stock
shall ho offered at par, fo r cash, to the stockholders ot said M etro­
politan Street Railw ay Co. ot record at the time ot such increase, lu
the proportion o f their holdings; and the said obligations shall he re­
ceivable. in lieu o f cash, by the .Metropolitan Street Railw ay C >. from
Its stockholders in the proportion o f their holdings at par and accrued
interest in paym ent for such additional stock.
And In ease of
such issue and offer o f stock and after a reasonable time fo r action
thereon, all o f said obligations w hich sliall remain outstanding m ay
be retired at the option o f the M etropolitan Street R ailw ay Oo. by tlic
paym ent o f par and accrued Interest, or by the exchange ot stock of
the said Street R ailw ay Co, therefor at par.”

®

[VOL. LXTVII.

time wo got the system in good working order the com pan y will have
expended fully $15,000,000. W ork Is now being pushed along as
rapidly us possible, and t cx-.iccl to be able tu t- HI the vice trio cars
down to the lower o o d o f Sixth Avenue by Out 1 at the latest. W e
are anxious to relieve the pressure ou Broadway ju st as soon as possi­
ble. The capacity or that line is now strained to tho utmost limit-.

T ro'ley to R eplace Cable .— Whan the Sixth and Eighth
Avenue lines are in operation as electric roads, it is under­
stood tlis work of changing the motive power of the Broad­
way and Columbus Avenue lines from cable to underground
trolley will begin. Plans for this change are already, it is
said, under consideration by the board of directors. As
showing the advantage to the c-ompxny of bung able to use
the electric cars on Broadway as well as on the parallel ave­
nue, President Vreeland said:
In the m orning, when bustness men are o arer to got down tow n, we
will run a large number ot ears quickly and directly into the business
section from every pot-it. up town, Cars from Second Avenue, L exin g­
ton, Madison, Sixth. Eighth, Columbus and Amsterdam avenues will
all turn Into Broadway at convenient points. Early in the evening,
when the business man wants to get home, he oau take a ear dow n
tow n that will carry him without change w herever lie wants to go on
any * f the up tow n avenues. W e shall also be aide to provide sys­
tem atically tor the convenience o f the shoppers in tho afternoon. A t
certain hours u large proportion o f the r a n 00 the up-town lines w ill
be run direct to the sh ippin g district. Cars from Am sterdam . Colum­
bus, Eighth, Madison aud Lexington Avenues will be run through
Fifty-ninth Street and dow n Sixth Avenue aud hack again. During
the evening, w-lien people, want to get to the theatres, all o f our up­
tow n Hues will converge into Broadway.—V. 67, p. 178.

Newark lias. —Nam e o f P u rch a ser .— United States Senator
James Smith, it is stated, admits that he is the real purchaser
of the Newark Gas Company. He denies that any other person
except Thomas Nevins is interested with him.— V. 67, p. 223,
New England Telephone & Te 1egra1*U—R.-770,700 New
S tock .—The directors have ordered that 5.707 shares of the
capital stock now in the treasury be offered to stockholders
for cash, at par, in proportion to their respective holdings.
Each stockholder on reoord at the close of business Saturday, Aug.
20, 1898, will be entitled to take, at $100 per share, ehax-os o f the
stock to ho sold in the proportion of one share for every tw en ty shares
then held. This right to subscribe w ill expire at l o ’clock Sept. 24,
1H9S. Payment for the shares suoscrlbecl must he made to the T reas­
urer Nov. 16,1898. No Interest w :! 1 be allow ed upon sums paid in
advance. Certificates w ill bo ready for delivery ou the date named
for payment.—V. 67, p. 74.

New Haven Street Ry.— Cons lid a tion .— A special des­
patch to the “ New York Commercial” says: “ A meeting of the
stockholders has been called for Aug, 15 to takeactiou ou the
proposed purchase of the East Haven River Electric RR. The
latter road is capitalized for $150,000, aud the transfer will
be made by an issue of New Haven Street Ry. bonds to the
extent of $150,000 or $3:0,000. It is ru nored that after the
New Haven Street Railway has secured the East Haven road,
the whole will be turned over to the Fairhaveu & Westville
road.”
New Orleans & Western RR.— R eceivers' O ert'J icites .— An
issue of $400,000 receivers' certificates has been authorized
and $50,oOO of the loan is offered for sale at par and interest
by a Philadelphia house. These certificates are due July 1,
1900; interest January and July 1, payable at the State Trust
Co., New York.
They are described as an absolute first lien
ahead of $3,000,000 first mortgage 5s aud $1,000,000 second
mortgage 4s on property costing over two million dollars in
cash, They are partially issued for the purpose of building
additional cotton warehouses, for which there is- a demand,
and in which cotton can be stored aud handled without much
additional expense. This increased business is expected to
improve the net earnings of the company considerably. The
present financial troubles and receivership of the company
are due to the fact that the plant cost more than was ex­
pected, aud that no provision for interest payment was made
while its business was in a state of development.”— V\ 66, p.
1046.
New York Breweries Cos.— P la n N ot A d o p te d ,—A t the ad­
journed extraordinary general meeting held July 27 in Lon­
don, to receive the result of the poll on the resolutions sub­
mitted on July 13th with reference to the proposed reduction
of capital, the Chairman announced that the scheme was
carried at the extraordinary general meeting and at the
separate meeting of ordinary shareholders, but that the ma­
jority of the preference shareholders (9,16G) in favor of the
resolutions not being large enough, the scheme fell through.
The proposition was to reduce the ordinary stock from €300,000 to €100,000, and then to convert this €100,000 and the
£300,000 of 8 per cent cumulative preferred stock into
like amounts, respectively, of new stock, ail of one denom­
ination. Had the plan gone through the preferred share­
holders would have received a dividend of 5 per ceut in cash
in settlement of all dividends, and one-half of the surplus
profit in excess of 6 per cent yearly on the new shares would
have been applicable to the sinking fund for the company’s
£48,092 of 5 uer cent debentures. There Is also €380,000 of 6
per cent debentures outstanding.
The company was organized Aug. 15, 1888. to unite the H.
Clausen & Son Brewing Co. and Flanagan, Nay & Co., both
of New York City. The proposal to reduce the capital had for
its object the placing of the company on a sound financial
basis and the meeting of losses which the company has sus­
tained, A circular issued by preference shareholders opposed
to the scheme gives the following regarding the company :

01 the $10,000,000 stock, therefore, first to be issued, $6,00000 0 w i l l he required for the redemption of the debenture C( rtificates, and the remaining $4,000,000 will be used to meet the
cost of the extensive construction work now under way.
C ost o f C on stru ction .— President Vreeland was asked
For the past fou r years the n et earnings o f the com pany liave been
whether the new stock as authorized would supply all the
sufficient to pay the p referen ce dividend, amt f o r a portion of
money needed to complete the rebuilding and equipment of barely
that, period the preference shareholders, with a view to providing
the system for operation with electricity. He replied ;
additional working capital, consented to receive their dividends in
I think so. O f course a large am ount o f m oney has already been
spent in establishing plants and In the w ork o f preparation. B y the

debenture stock instead o f cash, and under this arrangem ent those
shareholders have left no less a sum than £48,092 o f their cash profits

THE

A ugust IB, 1888,j

CHRONICLE.

in the business. For tlie year ending 31st August, 18?7, tlie n e t p r o fits
-were a little over £41,000, leaving, after paym ent o f d e b e n t u r e in t e r ­
est, £17,000 only available lo r dividend, out o f tlie £24,000 w iiie li
-the preference sliareliold rs were entitled to receive. A ccording to
inform ation received from the directors it is not likely that the profits
for the current year w ill exceed £17.000.

New York & Harlem B.K.—New York Central & Hudson
Hirer HR.—B on d R efu n d in g D ispu te S e ttl'd .— The question
as to which of these companies should get the benefit from the
saving of 8420,000 annually in fixed charges to be secured by
the refunding at 3 ^ per cent interest of the $13,001,000 Har­
lem 7 per cent bonds due May 1, 19 )0, was settled this week
by a joint committee of directors representing the two com
panies. It was resolved to allow the New YTork Central the
benefit of $220,000 of the saving and the Harlem Road
$200,000. Tttese terms will be submitted to the stockholders
of each company, and, if ratified, application will he made to
the Court to have the injunction suit dismissed. The joint
committee included from the New York Central board J.
Pierpont Morgan, H. McK. Twombly and President S. R.
Callaway, and from the Harlem board Alfred VanS tntvoord,
John B. Dntcher and Francis P. Freeman—V. 67, p. 233.
New York Ontario & Western B y .— Q u a rterly .— Earnings
for the quarter and the 12 months ending J une 30 were:
3 months end.
Gross
June 30.
earnings,
1 8 9 8 ................. $876,833
1897.................
918,869
12 months.
1 8 9 7 -8 .............$3,914,635
1896-7............... 3,894,403
— 'V. 66, p. 955,

Net
Other
earnings, income
$ 18.983 $17,515
266,910
20,722
$1,225,058 $82,950
1,238.544
82,800

Interest,
taxes, etc.
$221,489
232,203

Balance
surplus.
$15,009
55,424

$905,558 $402,450
921,432 399,912

321

d e p a r ts

a u d

H o c itm e tx ts .

C H E S A P E A K E & OHIO R A I L W A Y CO.
ANNUAL REPORT FOR THE FISCAL YEAR ENDING
JUNE 30, 1898.
To t h e S t o c k h o l d e r s :
Pursuant to the By-Laws, the Annual Report is submitted
as follows :
EARXTNG3

AND EXPENSES.

The gross earnings and expenses of the Company and the
mileage operated during the year ending June 30, 1898,
compare with the four previous years as follows :
Y ea r endin']
■lun ■30.
M iles o p e r a t e !
G ross Earnings
O p.E xo.,M aint.
a n !T a x e s ...
N et......................
F ix ’d C h’g ’s.&c
less S e t inc.
o th e r Sources
Surplus o v e r
all Ch arges...

189!.

1895.

1836.

j

1897.

+1278*1
*1275*9
+1275*9 | »1275*9
$
'
§
S
*
9,044,103 41 9,596,030 61 10,721,131 42 10,70S, 182 8
6,027,127 91
67*

6,464,527 81 6,96\153 69i 7,283,76916
67%
S%
j
Gl%

6

1898.
*12 5*9
$
11,788,557 05
7,982,306 67
■*%

6

3,016,980 5 ’ 3,131,50 « 80 3,257,^78 73 3,421,413 63 3 ,80125 )38
3,002,920 17 3.112,796 52 3,110,647 68 3,118,87188 3,187,711 09

11,060 33

18,708 33

147,34105

302,54175

618,509 29

* A ls o 84*5 m iles betw een Orange an d W ashington, o p e r a t e ! under trackage
People’s Gas Light & Coke.— Q u arterly R etu rn .— The
en t.
company’s report to the city of gross receipts from the sale agreem
T h e a b o v e d o e s n o t c o v e r L ou isville D ivision , f o r w hich see below .
of gas (to private consumers) for the quarter ending July 1,
The Company earned from its line between Lexington and
1898, shows a small increase over the same quarter in 1897. Louisville, operated under trackage contract, $304,244 51, at
The following is the comparative statement of gross receipts an expense, including rents, interest, etc., of $293,433 73,
from sales of gas for the quarter and the half-year :
leaving a net profit from this line of §11,810 73. The opera­
,------- Second Quarter.--------,
.------ First S ali-yea r-------tions of the last year on this line have demonstrated the
1898.
1897.
1893.
18)7.
$1,181,462
$1,694,035
$2,617,683
$2,523,207 judgment of your directors that it would be a profitable
The increase for the half-year was $94,482. or 3 7 per cent. contract for the Company. Hereafter these earnings and
Of course the above does not show the gross receipts of the expenses will be included in the general statements of the
company as now constituted. The sales of gas to the city Company.
The gross earnings of the Company for the year just ended
are provided for iu another way—that is, the city gets a cer­
tain price per lamp instead of a percentage of receipts. Th-n are the greatest in its history, exceeding by more than a
the People’s Company now includes the Mutual Fuel Gas million dollars the largest previous earnings. All classes of
Co. of Hyde Park, which was not subject to the 3)£ per cent traffic show an increase, but that of freight is the most.
The passenger earnings show a slight increase received
arrangement. The statement indicates, however, a small
increase in the output of gas so far this year. —‘ 'Chicago from each passenger per mile, but there is an increase in
the number of passengers, and the passenger trains show a
Economist.”—V. 67, p. 223.
Rockford (111.) Ry. Light & Power. —Rockford Traction. gratifying gain in the earnings per mile, being for the
—S tatus. —In reply to a letter of inquiry M ssrs. Farson, year just ended 93 5 cents, as against 87‘7 cents the previous
Leach & Co. of Chicago write: “ W e understand that the year.
The tons of freight carried one mile show the very large
■name of the Rockford City Railway Co. has been changed
recently to the Rockford Railway Light & Power Co. There increase of 25 per cen t; the rate per ton per mile, however,
has been no change in the Rockford Traction Co. other than decreased from 4’ 19 mills to 8’70 mills, a remarkably low
that the President is Mr. C. H. Moore, Jr. There is a move­ average, due to the increase in the lower class of freights
ment on foot to consolidate the two plants, but it has not as and to the excessive competition in the coal traffic; the
seaboard rate per ton per mile oa the latter traRc dropping
yet taken place. The deal may be consummated within the
to 2'59 mills, from 2'97 mills last year.
next three months.”—Y.67, p 127.
It is also gratifying to state that all expenditures made
Saco (Me.) Electric RR.—S ta tu s .—Treasurer F. A. Hobart during the past year, incluling those for additions and bet­
writes us as follows touching this new enterprise :
terments, have been charged to operating expenses, and no

Line to ran from Saco to Bonncy Eagle, in Stanfiish Co., Mo. Popula­
tion on the line estimated to be about 10,-010. Chart red for both pas­
sengers and freight. Bonds at $200,000, 30-year. 5 p c . , g o d Massa­
chusetts Loan <fc T. ust Co., -O State St.. Bos on, Trustee, Officer-. E. B.
Loring, President. Boston: F. A Hobart. Treasurer, Boston. Office or
Company. 4,3 O Trem ont Building. F. A Hobart, trustee, has the con­
tract to bu id and equip the road, and desires to receive proposals
from contr .ctors so as to have the road in operation ready for tlie
season o f 1899.—V. t6 , r . 710.

Schenectady (N. Y.) Ry.—Schenectady Illuminating—
General Electric.— P u r c h a s e d . -T n e General Electric Co.
has purchased the plants of the Schenectady Street Car
Co. and the Schenectady Illuminating Co., and will here
after operate both plants with its own power, soon to be
obtained from the Hudson River at Mechanicville.—V. 65,
p. 233; V. 67, p. 222.
Seattle Traction C o .—C on solid ation N ot Yet Effected .—
Treasurer Allen B. Fotbes (with N. W . Hirris & C l , Chi­
cago,) writes: “ Replying to your letter of the 2d instant, I
would say that the negotiations which you refer to as pend­
ing in Jane, 1898, for the consolidation of the Seattle street
railways have not as yet resulted in anything, and so far as
we can see there is no definite prospect of an early culmina­
tion.”—Y . 66, p. 1141.
Spring Talley Water Works of San Francisco.—Ns*"
M ortgage f o r S i,000,000 .— The stockholders, on August 4,
duly authorized the proposed third mortgage to secure
$4,000,000 4 per oent gold bonds due Sept. 1, 1906. Tne pur­
pose of the new loan is to meet the expense of erecting
pumping works and for extensions and improvements as re
quired. The company’s outstanding capital stock is $14,0ffi',000, while $2,000,00) additional remains in the treasury. The
present bonded debt is $9,975,000.— V. 67, p. 30.
Swift & Co.— Issue o f T reasury Stoclc. —Tne directors, it is
understood, have decided to offer the stock held in the treas
ury to stockholders at par, each stockholder to be entitled to
subscribe for an amount prorating with his present holding.
The authorized issue is $15,000,000, of which $13,767,30) u
•outstanding and the remainder, $1,232,700, in the treasury.
—V. 66, p. 809.__________________________ ___________________
V9

For ot he r In v e st m e n t Ite m s see p a i r s 3 2 3 ami 3 2 4 .

ad d ition s have been m id e to con stru ction a ccou n t d arin g
th is period .

Allusion was male in the last annual report to the
destruction bv tire of our piers at Newport News. The piers
have been completed this year, as stated therein, at an
extra cost of $101,932 80 over and above the insurance re­
ceived : also an additional pier for the handling of lumber
and coarse freights was built at a cost of $35,395 82, all of
which has been charged to operating expenses. In addition
to this, §58,394 40 was expended by this Company for im­
provements to the elevator and the rebuilding of its con­
veyors. which were also injured by the fire that destroyed
the piers. The Company’s plant at Newport News is now in
first-class condition and will only require additions from
time to time as the business increases.
Three and three tenths miles of double track through the
city of Maysville and six tenths of a mile at Dunlop
have been opened during the year at a cost of $33.27§ 87,
and charged to operating expenses. With the increased
number of loaded cars hauled per train, it was found that
the sidings on many of the divisions were of insufficient
length, a n l additions have been made and new sidings built
for the passing of trains ; in all. twenty-six and nine-tenths
miles of track have been added to the Company’s system
for such purposes, at a cost of §99,423'17, all of which*was
charged to operating expenses. A t the same time certain
sidings on the old line, which were not needed, have been
taken up and a credit for the rails passed to this account,
making the net cost of such increase of sidings that has
entered into operating expenses $39,255-57.
9,169 tons of 70-pound, 75-pound and 109-pound steel rails
have been laid during the year ; the cost of this, after de­
ducting the old rail sold, being but §92,801 93, owing to the
very low rate at which the new rails were contracted tor in
the previous year. The old line between Gordonsville and
Charlottesville, over which our fast passenger trains run,
has been liable in previous years to overflow and washouts,
and it was thought ’vise to raise the grade and replacesome
of the wooden trestles with permanent work; $35,391 (' has
been spent on this work, which is practically completed

Q22

THE

CHRONICLE.

and TOO feet of wooden openings having been replaced by
stone and iron and solid embankment . A bridge, at a cost
of §21,014 00, has been built over Smith’s creek, Clifton
Forge, in order to carry the highway under the track and
connect our yards. This lias made a great improvement in
the handling of our business, and is also a great accommo­
dation to the public. The usual renewal of ties and ballast
and bridges has been carried on, and the condition of the
property fully maintained.
Some three years since the directors decided to aid in
the construction of a hospital for the use of the employes
of the Company.
An organization among the employes
was effected this year and the management, was called
npon to provide suitable quarters. After carefully going
over the situation, it was thought best to turn over
to the Hospital Association the Gladys Inn, at Clifton
Forge, which was admirably suited for the purpose, and
build for the Company’s use a new hotel and station
nearer the centre of the town. $511,688 78 was spent for this
purpose and a substantial improvement completed, all of
which was charged to repairs of stations.
The expenses during the year for equipment have been
large. Twelve heavy consolidated engines were purchased,
at a cost of §130,200, and charged to operating expenses, to
take the place of twelve light engines, which were too small
for the economical handling of the Company’s traffic. A
large sum of money has been spent at the Company's shops in
placing automatic couplers and air-brakes upon the freight
equipment and in rebuilding cars to replace those worn out.
It was thought wise to make contracts for new heavy cars
to replace some of the lighter equipment upon the road,
upon which, under the law of Congress, large sums would,
have to be expended for automatic couplers, and it seemed
wiser to destroy these lighter cars and purchase heavier
ones. A contract was made for 1,000 box cars last August
at a very low price, payable 10 per cent in cash and the bal­
ance in thirty-six monthly payments with 5 per cent inter­
est. This 10 per cent and all the monthly payments, as paid,
have been charged to tbe repairs of freight cars; the total
sum so charged up during the year for new freight cars
being §184,321 23 equivalent to 484 new cars. The other
equipment and shops have been fully maintained.
A list of the new work and additions and cost, in detail,
will be found in the report of the General Manager annexed.
The output and distribution of coal for the past year, as
compared with the previous year, have been as follows :
Co m pa h ativk Stat em en t of T o ta l O u tput and D istribution ' of
Co a l and C o k e f o r Y e ars ending 30 th J une , in 1897 and 1898.
1896 7.
1897-8.
Tons Gross, Totis Gross,
KIND OF COAL.
17,022
C annul........................
..
20,339
433,402
G a s .............................
.. 507.989
.. 577,312
Splint and Bloc's:___
650,550
N ew River, A c .........
..1,969,648
3,006,378
.. 322,693
367,138
Colte...........................
T otal....................................................................... 3,393
3,393 O
Oilil
DISTRIBUTION OF ABOVE.
Fuel tor u-e o f C om p an y...................... ................. 533,180
Delivered Cincinnati D ivision and K. & M ......... 1,014,503
Delivered on line o f B. 8. A L ex. D iv isio n s____
83,008
Delivered on line o f C. & O. R y , e x cep t R ich­
m ond ....................................... ...........................
338,446
Delivered at Clifton Forge to Jam es R iver Div.
fo r all points ex cept R ichm ond.......................... 107,291
GO, 3 45
Delivered at Charlottesville to connecting line.
Delivered at R. F A- P: June, to R F, & P. RR.
25,42 L
eluding Tugs, Dredges, A-c.
delivered at New port News
consu m p tion..........................
T otal.

4,474,790
618,716
1,340,923
119,527
269,858
129,225
36,095
27,695

119,072

125,660

72,561
1,034,134

8S.208
1,718,333

3,398,011

4,474,790

This shows a very gratifying increase in this class of traffic.
The Chesapeake & Ohio Steamship Company has been
successfully operated during the year, and this company has
been called upon to make no advances except for the pur­
chase and cancellation of 843,669 56 of bonds, which under
the contract have been purchased and canceled. This adds
to the value of the company’s stock in the steamship
company, but it was thought best to deduct this amount
from the earnings of this Company during the year and not
carry any portion to investment account.
$•2,287,000 of the 67 bonds of the Company fell due (luring
the year, for which the Company had a right to issue a%
bonds, and a contract was made for the exchange at 10;f
premium, this premium being credited to discount on bonds.
The Company also sold in January §1,590,000 of P 0 (Treas
ury) bonds which it had received at various periods, under
the terms of the General Mortgage, to reimburse it for pay­
ments made for bonds and equipment notes paid, at such a
price as enabled it to pay off all of its loans and accounts
and provide a cash surplus for working capital.
A few years ago the Company undertoot, through a subcompany called the Norfolk Terminal & Transportation
Company, to secure terminal facilities in the city of Norfolk,
and notes amounting to §577,304 53 and interest for the
purchase of land were given and guaranteed by this Com­
pany. During the year just closed the Terminal Company
has sold §500,000 of li% 50-year bonds at par less
com­
mission, this Company guaranteeing the principal and
interest on said bonds, and with the proceeds have retired
all of the notes that are outstanding. This secures to your
Company very valuable terminals in the growing city of

[VOL. LXVIL

Norfolk at a m i lerat i price. In addition to this the Com­
pany reserved a large amount of Land not needed for rail­
road purposes on one of the principal streets in Nor­
folk, which it can plat and sell for a very large sum, its
estimated value being §150,000. This will reduce the ad­
vances to that Company and.add to the cash resources of
this Company.
The interest charges for the coming fiscal year, 1898-’90
(including interest on the 4*4'f bonds now in the treasury),
will be as follows:
Statement of I n terest C harges f o r th e y e a r ending 30 th J une
1899 (including I nterest on the 4 is”;, B onds
now in th e T r e a s u r y .)
4 m ou n t o f
Security.
Character o f Security.
Rate.
Interest.
$25,S58.000.. 1st Consolidated M ortgage B onds___ 5 % §1,292,900
24,013.000.. General
••
“
... 4 « s "
1,081,935
2.000. 000 .1903 A
"
«* . . . .
6
“
120,000
2.000. 000 1911
“
“ ....
0
“
120,000
142,0 >0.. 1922
“
"
6
“
8,520
6.000. 000 .K. & A. 1st
M ortgage ** . . . . 4 •'
240,000
1.000. 0 0 0 .. *‘
21
*i
“
.... 1 “
40,000
65 0.00 0. .Craig Valley Branoti 1st " “
.. . 5 “
32,500
8 1 ,2 0 0 ..M anchester
" ,...8 < fe 5 “
5,416
400.000. W arm S trin gs Valley
“
5
“
20,000
3.007.000. .E L. A B. S R R .
‘ .... 5 “
150,350
37 0.00 0. . Greenbrier & New R iver R R . “
_ 5 “
18,500
$65,551,200
T otal.......... ...................................................... $3,130,121
W e are pleased to note th a t, a fte r th e various ch an ges
alluded to ab ove, the in terest charges o f the C o m pa n y for
the co m in g year w ill be decreased instead o f increased.
A s w ill be seen b y th e balan ce sheet o f th e C o m pa n y
hereto ann exed, th e financial con dition o f the C o m pa n y is
very sa tisfa c to iy .
U n d e r th e plan heretofore established §9,613 94 o f bo n d
discount has been w ritte n off to profit and loss.
I t is very g r a tify in g to be ab le to show th a t, after e n te r­
in g up e v e ry charge ag ain st th e C om pany, ch a rg in g oif loss
on the g ra in elevator o f §20,353 91 an a §44,420 60 o f bad
debts, there is still a n et profit to ca rry to profit and loss o f
8518,509 29: th is, to o, in a y e ar o f p robably the greatest
dem oralization o f rates th a t has ever been k n o w n .
Since the first o f Ja n e various m e etin gs have been h eld to
devise m easures to secure th e m aintenance o f tariffs and the
outlook for th e co m in g ye ar appears to be th a t w hile there
w ill he no great advance there w ill be a m ore steady adher­
ence to tariffs th a n for the y e a r ju s t closed. A v ery sligh t
increase upon th e im m e n s e 'to n n a g e carried b y yo u r C o m ­
pany w ill produce m arvelous n et results.
Y o u r directors have co ntinued th e sy stem in a ugurated
last year o f h a v in g the accou n ts o f th e C o m pa n y exam in ed
and verified b y M essrs. P atterson & Corw in, certifts i p u blic
accoun tants o f N e w Y o r k C ity, w ho are especially fam ilia
w ith such w ork.
D uring the year yo u r C om pan y h as lost the in valu able
services o f M r. W illia m P. A n de rson , w h o had been a di­
rector o f th e C om pany fr o m its inception. It w as also ca lled
upon to m ourn the loss o f Mr. W illia m P. W a lk e r , J r .,
Freight Traffic M an ager, w ho h ad been w ith the C o m pa n y
for m a n y years, and for the last six years in charge o f the
freight traffic and also as the representative o f th is C om ­
pany upon the Board o f M anagers o f the Joint Traffic Asso­
ciation in N e w Y ork C ity. M r. F . M . W h ita k e r, w ho has
been th e assistant w as appointed to fill his place and th e
line o f prom otion w as follow ed in th e service.
The traffic departm ents o f th e C om pany are to be c o m ­
m ended for th e earnest and successful work th a t th e y have
done in increasing the business o f the C om pan y and -m a in ­
taining its revenues as a g a in st the v io len t co m p etitio n o f
tb s past year.
It is w ith pleasure th a t the m a n a g e m e n t on ce m ore co m ­
m ents upon th e continued rem arkab le success o f the trans­
portation d ep artm en t d uring th e ye ar as eviden ced by fu r­
th er increase o f train loads as w ell as b y th e re g u la rity of
trains and freedom fro m acciden ts, and th e th a n k s o f the
Com pany are again given to a ll officers and em ployes for
their fa ith fu l arid efficient w ork.
By order o f the Board o f D irectors.
M . E . IN G A L L S ,

P resid en t .
Cin c in n a t i , O ., J u ly 2 9 ,1 8 9 8 .

*

STATEMENT OF PRO FIT AN D LOSS ACCOUNT FOR YK \ It
ENDING 30 T H JU N E , 1898.
Bidance in A ccou n t 1st July, 3 897......................................
$822,939 96
Gross Earnings from O perations.........-..$11,788,557 0 '
Less Expenses and T a x es....................
7.932,306 6 /
Net E arn)nes from O p era tion ...................
Income from other sou rces.........................

3,806,250 38
71,817 07
----------i___ _____
3,878,067 45
Not Earnings L ouisville L in e ....................
11,810 78

Total In com e............................................
From which deduct:
It terest on Funded D ebt.............................
Interest, Discount and E xch an ge............
Loss on C. & O. Grain E levator.................
Annual pro-rata P roportion o l D iscount
on B o n d s .....................................................
Sundry A counts w ritten off......................

3,889,878 23
3,148,771 62
4 8.209 87
20,35? 91
9,613 94
44,420 60

Total D eductions.................................... 3,271,368 9 1
Net Profit after deducting all charges..................................

618,509 29

Balance to Credit 30th June, 1898....................................... $1,441,449 25
L. F. SULLIVAN, Comptroller.
R ichmond , V a ., July 27th, 1898.

THE

A ugust 13, 1898.]

CHRONICLE

353

C O M PARATIVE STATEMENT OF EARNINGS AND EXPENSES.
Y ears E nding J cne 30.
E arnings .
F reigh t............................................
P assen ger......................................
M ail................................................
E x p r e s s .........................................
M iscellaneous ..............................

1892.
$7,98 4 ,3 ;.6
2,144,'*69
148,348
109, U 8
197,292

1893.

|

1894.

18 $7.57.?,651 6 1 *6.630,201
53
2,3 6,',8SH 71 2,011,977
9i
207,146 89|
236,178
75
11-^.737 45
100,753
6L
SO,337 40
64,997

189 3.
47 $^,304.81 5
3H 1,847.14S
56
236,616
113,852
62
3'
93,597

1896.
71
04
40
96
50

$7,810,597
3,9 49,789
250,0 5
115,710
94,938

1897.

1898.

78 $8,389,373 9"> $9,262,998 13
56
1,857,897 85
1,954,863 55
8*
266,634 49
321,958 52
30
113,324 78
133,883 94
00
SO,951 74
114,852 91

$9,*81,t i e 05 $10,349,76 5 06 $9,04J,108 11 $9,596,030 61 $10,221,131 42 $10,708,182 81 $11,788,557 05
E xpenses .
M aintenance o f W ay..........................
4
“ E quipm ent..............
C onducting T ra n sp o rta tio n ............
General Expenses and T axes..........
Traffic
“
...............................
N ewport News & N orfolk Terminal.
Covington & Cincinnati B ridge.......

$1,704,769
1,518.439
3,°46,015
399 476
220,413
357.706
197,669

74 $1,439,778 29 $1,129,095
87
1.460.014 74, 1,181,890
90
3,039,580 24 2,577,0 8
51
143.325 461
482,066
09
2 ,6 ,1 7 3 47
217,7-5
12
355,172 08,
292,076
74182,786 99]
147,185

72 SI.195,903 22 $1,396,34L 50 $1,3^6,185 42 $1,406,704 86
34 1.327,173 04
1.427,694 42
1,477,268 91
1,593,703 21
17 2,785.756 14
2,939,505 04
3,048.176 27
3,412,199 32
45
*68,011 85
468,592 21
5L8.343 13
514,738 75
230,202 77
22
252.192 59
277,880 38
299,267 86
295,984 27
75
317,663 4S
439,933 98
598,949 27
2c161,4 f6 52
161,163 45
158,981 09
156,743 40

Total E xpen ses........................... .

$7,444 490 97 *7,116,831 27-$6,027,127 91 $6,464,527 81

$3,993,152 69

$7,286,769 18

$7,982,306 67

Net E a r n in g s .............................

$ 2 ,4 :9 ,9 2 5 08

$3,202,933 79J$3,016,980 50 $3,131,502 80

$3 257,978 73

$3,421,413 63

$3,806,250 38

68%

68%

P roportion Expenses to Earnings.

75%
CONDENSED

69% '
BALANCE

1

67%

67%

SHEET SOTH JUNE,

i

68%

1898.

L IA B IL IT IE S .
ASSETS.
Capital Stock: First Preferred............
, $23,300 00
Cost of Road and Equipm ent,including
“
Second P referred........
26,000 00
francnises and ownership i i Mays“
Com m on........................
60,498,100 00
vilie A Big Sandy R R Co.,Covington
$60,547,400 00
A Cincinnati Bridge Co., Elizabeth­
Funded Debt:
tow n Lexington A B ig 8andy RR.
5% 1st Con. M. Gold Bonds,due 1939 25.858.000 00
Co., Ohio & B ig Sandy RR. Co., aud
4 ^ % Gen. M. Gold Bonds, due 1992 24.043.000 00
Kentucky A South Atlantic Ry. C o..$12?P738,888 17
6% Series A Gold Bonds, due 1918.
2,000,000 00
Richm ond Im provements......................
202,456 70
6%
Ser. B and Scrip) B’ds, due 19 8
13,354 17
K inniconnick A Freestone RR. 1st
Six p.-ct. Gold Bonds, due 1911___
2,000,0 '0 00
M ortgage B o n d s..................................
109,000 00
8ix
p.
ct.
Gold
B
mds,
due
1922___
142.000
00
Richm ond E lev a tor................................
27,970 35
Four p. ct. 1st Mtge. Gold Bonds,
------------------------- $124,° 69,315 22
R.
A
A.
D
iv.,
due
1989....................
6,000,000
00
D iscount on 4 ^ % Bonds sold, pro
F our p. ct. 2d Mtge. Gold Bonds, R.
rata proportion o f w deli 19 charge­
1,000,000 00
A A. Div., due 1989........................
able annually to Pro at and Loss
Five p. ct. 1st Mtge. Gold Bonds, E.
until maturity o f Bonds...................................................
894,097 06
L.
A
B.
S..
due
1902.........................
3,007,000 00
Oo*t o f Greenbrier A New R iver R R ..
400,000 00
Five p. ct. 1st Mtge. Gold Bonds, C.
3 J,501 70
Sundry Construction A ccou n ts..........
650.000 00
V.
Branch,
due
1940......................
N orfolk Terminal Property (he’ d as
Five p. ct. 1st Mtge. Gold Bonds,
security for advances to N. T. A
W.
S.
Branch,
due
1941.................
400,009 00
T. C o.)....................................................
143,062 93
Five p. ct. 1st Mtge. Bonds, G. A N.
---------------------------------------------- 573.564
63
370.000 00
R. K R „ due 1942.............................
43,200 00
Eight p. ct. Ma C h e ste r B onds.........
•Cost o f C. A O. Steamship Securities.
706,332 57
36,000 00
Five p. ct. M anchester Bonds..........
“
Sundry Sec irities in Treasury
755,04 5 10
--------------------65,564,554 17
C. A O. 4b2% Bonds in Treasury.........
13.000 00
------------------------1,479.375
Total Capital and Funded D ebt.................................$126,111,954 17
K inniconnick A Freestone R R ..........................................
23.052
Balance due ou purchase of 1,000 B ox
M aterial and Supplies..........................................................
184,983
Cars, pavable iu 36 monthly pay’ ts.............................
353,914 50
Unpaid C -upons, including Coupons
Toral Invested A ssets.....................................................$127,224,388
due 1st July. 1898 ............................
229,902 99
C ost of 1,000 B ox Cars, less amount
Audited V ouchers..................................
424,500 86
paid and charged io O per.Expenses.............................
3.3,914
Pay rolls, mouth o f Juue, 1898..........
378,103 44
Cash lu hands or Treasurer..................
439,196 32
Due to R lilways, Current Balances
143,802 17
Special Cash deposit to pay matured
Due to Individuals and Com panies..
33,638 84
C oupons..........................
228.330 49
Sundry A eoouuts....................................
77,883 05
Duo from Agents and C onductors___
3**7,422 32
Interest on Funded Debt, accrued,
Due from Coal A gencies........................
378.690 27
721,260 22
n ot d ue...................................................
Due-from Railways, Current Balances
374,633 11
Due from Individuals and Companies.
479,280 28
..................................
2,009,081 57
Total Current Liabilities.
1,441,449 25
Due from U. S. Govt. P. O. Dept.........
2.585 21
Protit and L oss........................
Bills R eceivable......................................
67,903 62
T ota l................................................................................. $129,916,399 49
Total Current A ssets.....................................................
2,338,096 65
N ote .—This Company is also liable as guarantor o f the N orfolk T er­
minal A Transportation Co. 1st Mortgage, $500,000, and ol’ the C. & O.
Grain E levator 1st Mortgage, $830,000.
Total..............................................................................$129,916,399
L. F. SU LLIV A N * Comptroller.
N ote —T he Cost o f Road, etc., is increased in the s im o f $1,195'
R ichmond , V a ., July 27th, 1398.
fo r old securities purchased.

Standard Distilling: & Distributing Co.—American Spir­
its Manufacturing— United States Spirits Association.—
D istrib u tin g A g e n c y . —The United States Spirits Association
was organized at Cincinnati last week to distribute the coun­
try's entire output of alcohol and spirits, all of the distributers
of the Uuitel States, it is stated, being m3inoir3. Tae nev
association is not an incorporated concern, but is simply a
voluntary body. I : will take the product a n l sell it to the
wholesaler, who will in turn distribute it to the retailer.
Tne directors (and officers) are:
W. X. Hobart (Chairman), Cincinnati: J. W alter Freiberg (Secretary),
Cincinnati; F. T. Corning (Treasurer). Peoria. 111.; P. J. Hennessey,
Chicago; Samuel W oolner, New York; Frank Curtiss, New York; Clias.
A . Webb, New York.

Practically all of the distilleries of the United States, it is
claimed, are now owned by the American Spirits Manufac­
turing Co. and the Standard Distilling & Distributing Co.
The new Association is expected to effect ‘ ’great economies
in the cost of distribution and a consequent saving in price
and uniformity in business methods which cannot but prove
advantageous to the consumer, the middle man and to the
producer.”— V. 67, p. 30; Y . 64, p. 81.

stock is transferred for which no certificate has been issu e!, and the
evidence of transfer is sh >wn only by the books o f the com pany, the
stamps shall be placed on such books. Wnere the change of ow ner­
ship is by the transfer o f a certificate and the certificate contains a
blank form of assignment on the back, which is filled in by the inser­
tion o f the name of the person to whom the stock is transferred, the
stamp sh.ill be placed upon nhe certificate.
In case o f an agreement to sell, or where the transfer is by the
delivery o f the certificate, signed in blank, the name of the trans­
feree or vendee to be filled in afterwards, there shall be made and
delivered by the seller to the buyer a bill or memorandum of sale, to
which the stamp should be affixed.
W here certificates of stock are sold and the tax has been paid and
stamps affixed in the manner stated when the transfer is made on the
books of the com pany from the n lin e o f the party selling to the name
o f the purchaser, n o stamps are required on the new certificates issued
in lieu o f those canceled.

Terre Haute Electric Railway.— Bondholders' C om m ittee.
— D eposit o f B on is o f 1802 A sk ed .— At a meeting on August

5 of the bondholders of the Terre Haute Street Ry. Co. (first
m >rtgage loan of 1SJ3), there being represented $372,00 Jbonds
out of the issue of $400,000. the following protective commit­
tee was appointed : M -. Wm. H. Henkle, Secy. Illinois Trust
6 Savings Bank, Cinirmaa; Moses L. Seadder, 33 Liberty
S t , New York and Dennis Deming, President 1st National
B nk, Terre Haute, Indiana. The bondholders are requested
Stockton & Tuolumne County RIt.— M ortgage f o r $ 1,000,- to deposit their holdings with the mortgage trustee, the
000 P ro p o sed . —The stockholders were to vote in S an Fran­ Illinois Trust & Savings Bank of Chicagounder an agreement
cisco on Aug. 8 on a proposition to create a bonded indebted­ copies of which can be obtained from Mr. M. L Sjudder, 33
ness for $1,000,0 0. The line is projected to run from Lioerty Street, New York.—Y . 63, p. 9 6.
Stockton, Cal., to Summerville, via Sonora, 65 miles, travers­
United Breweries Co.— Chicago Brewery Consolidation.
ing ‘ *a rich mining district and extending to the entrance ot New Com p m y In c tr p o r a te d —Tne United Breweries Co. has
the timber country.” President, Mrs. Annie Kline Rikert; been incorporated in New Jersey to acquire thirteen lager
Secretary, Robert S. Clarke; Chief Engineer, Henry A. b 3er brewing companies of Chicago. This is the consolida­
Brainerd, with offices at Grand Hotel, San Francisco, Cal.
tion which the Cnicago papers have been discussing for
several months past. Harry Rubens of Chicago, counsel to
Tax on Stock Certificates.— R u lin g by the Com missioner
The Commissioner of Internal Revenue has made the follow­ the company, says:
“ The company is organized for the purpose of taking over
ing ruling in regard to the tax on certificates of stock:
the property and business of thirteen of the leading brew­
The intention o f the law was to tax original issues o f certificates of
Stock and to impose a tax upon every change o f ownership, wuen eries of Chicago. The stock of the corporation will be almost

321

THE

CHRONICLE.

entirely owned by the owners of the companies taken over,
Tbe directors of the new company will betaken from the
directors of the old cotnpmies. The corporation has been
authorised to issue capital to the extent of $5,600,000, subject
to a first mortgage ll per cent bond issue of not exceeding
$3,500,000, but- it is certain that neither that amount of stock
nor the authorized amount of bonds will be issued.
The properties K'niitred are the fo llo w in g : Bine Island Brow n s
Co., Chicago Brewing Co., C itizens' Browing Co . O orper B rew in g .x
M alting Co.. Keeker Krawlns C o , ilotm * <iahler B rew ing Co.. Mon­
arch Brew ing Co , Phtenlx Browing Co., N orthwestern B rew ing Co,,
South Chicago Brewing C o , Star Brewing Co., li until Brew ing Co.
and M ichael Sit-In:a.

“ The management of the new corporation will remain
with the proprietors of the old companies. The output of
this corporation will fie one oE the largest of any brewing
company in the United States, and the organization has been
ritieipally effected for the purpose of giving to the stockolders the advantage of the economies and benefits of a
large ontput without any increase ia tbe price. Tbe output
of the company will be between 599,000 and 600,000 barrels
per annum.”
Kessler & Co. of this city are the bankers at the head of
the underwriting syndicate. The main office of the company
will be in the Stock Exchange Building, Chicago. The
mortgage trustee is the Continental Trust Co. of New York,
West End Street Car Co.

of San Antonio, Tex,— ife-

c eiv ir A p p lied F or.—On August 8 John H. Clark was ap­

pointed receiver. The interest on the bonds fell due on July
1 and remains unpaid.
Westinghouse Electric & Manufacturing.—$3,000,000 De­
b en tu re C ertificates Sold .— The following official announce­
ment was made on Thursday:
“ The directors have authorized the issue of $3,500,000 fif­
teen-year 5 per cent gold debenture certificates, and yester­
day sold §3,' 00,000 of such issue. Coupons mature January
and July. The Mercantile Trust Co. is trustee. The com
pany has placed these certificates without creating any mort­
gage upon its assets, the company simply covenanting that it
will not hereafter create any lien upon its property.
“ The proceeds of the sale will retire outstanding floating
and bonded indebtedness of the company, returning to its
treasury as available assets stocks and bonds in various light­
ing and power companies yielding an aunual income exceed­
ing one-half of the interest charge of the debenture certifi­
cates. The saving in interest to the company will be im­
portant, but inconsequential as compared with the strong
position the company will hereafter occupy in the rapidly
increasing electrical trade, to care for which the company
will have ample resources.”
W e are iniormed that the $590,000 collateral trust os. of
1£90 and the United States Electric Light Co. bonds, of
which recently $590,(00 were outstanding, either have all
been paid off or are about to be with the proceeds of the
new loan, leaving outstanding besides the company's capital
stock only the $194,560 old scrip issued for dividends and the
new debentures.—V. 65, p. 1127.
Wheeling & Lake Erie Railway.— Second In sta lm en t
C alled. —The reorganization committ e gives notice that it
lias called the second instalment of $1 00 per share common
stock and $2 00 per share of preferred stock, payable at the
Central Trust Co. on or before Aug. 29. This is the second
instalment called by the committee and, including the $1 00
per share paid to the stockholders’ committee, is the third
payment.
F o reclosu re U nder F ir s t M ortg a g e. — At Cleveland on Mon­
day a foreclosure suit was commenced by the Mercantile
Trust Co., as mortgage trustee under the first mortgage for
$3,000,000 on the Lake Erie Division,—V. 67, p. 276.
Williamsport (P a.) Gas Co.— P ro p erty P u rch a sed ,— This
property has been boaght by Wilson & Stephens, 41 Wall
Street, New York, after negodations extending over a con­
siderable period. Plans for the development of the business
contemplate the laying of more than 10 miles of new mains,
the erection of a 500,( 00-foot holder, and the installation of a
coal-gas apparatus, all of which will be undertaken at once.
The control of the company for many years has been in the
estate of John G-. Reading, and the charter under which it
operates was granted by the Legislature in 1854.
Winchester & Potomac - C om m ittee .—Judge W m . A.
Fisher, Wm. Frick and Charles Nitze, of Baltimore, Md.;
John T. Gibson, of Charlestown, W . Va,, and .lodge Wm. A.
Atkinson. S. H. Hansbaugh and W . H. Baker, of W in­
chester, V a., compose the committee which is negotiating
with the Reorganization Committee of the Baltimore &
Ohio concerning the future disposition of the W . & P. The
road runs from Harper’s Firry, Va., to Winchester. 33 miles,
and was leased in 1667 to the B. & Q. for $37,000 yearly.
The interest on the $360,000 bonds has been paid in full,
but dividends, formerly 7 % per cent on the $140,000 stock, it
is stated, have not been paid for a year past.
Zanesville Street R R —Zanesville Railway & Electric
Co.— R eo rg a n iza tio n < om m itiee — D eposits Called F o r .— A
committee consisting of John M. Graham, William M. Crapo
and Thomas T. Robinson has been requested to reorganize
the property, and holders of bonds who have not already
done so are requested to sign the bondholders’ agreement
and deposit their bonds with the International Trust Co.,
Trustee, 45 Milk st., Boston, Mass., within thirty days from
August 1.— V. 65, p. 1127.

g li e

[V ol. LXV11

C & o m w e c c ia l

C O M M E R C I A L

ji n x e s .

E P I T O M E .

F r id a y N igh t , A u g , 13, 1398.
H ealthy business conditions have been apparent in m o st
lines of trade.
m ation

A s the fa ll season approaches increased ani­

on the part o f buyers is perceptible,

T h e progress

towards a settlem ent o f the existing w ar has continued to be
a topic of general interest, and the fa c t that Spain

has-

agreed to the protocol is the im p ortant event o f the week_
The prospects fo r the grow in g crops have been gen e ra lly
favorable, and the

m onthly report

by

the

G o v e rn m e n t's

A gricu ltu ral Bureau show ed even m ore favorable conditions
than had been generally expected.

T he fa c t th at business in

pig iron has been steadily im proving la tte rly is also looked
upon as reflecting generally im proved trade conditions.
Lard on the spot has had a m oderate sale, as both the hometrade and exporters have done som e b a y in g ; prices h av e ad­
vanced, although at the close nearly a ll o f the im p ro vem en t
w as lost under increased pressure to sell, closing a t 5'GOc. f o r
prim e W estern and 5'05o. for prim e C ity.

Refined lard h as

been in fa ir dem and and steady, closing a t 5 '80c, for refined
for theOontinent. Speculation in lard for fu tu re d eliv ery has
been m oderately active, and earl}’ in the week prices ad­
vanced on general baying.
T h e close w as easier u n d er real­
izing sales.
DAILY CLOSING PRICKS OP IARD FUTURSS.
September delivery___o.

Sat*

5 65

Mon,
&’52

Tats.
5*50

WeA.
5*62

Tfiurs.
5 67

Fri.

5*57

Pork has had only a lim ited sale, bu t prices have been u n ­
changed and steady at $9 5Q@10 00 for m ess, $11 50@ L 3 00 fo r
fam ily, and $11 5 0@ 1 3 00 for short clear. C a t m eats have had
a fair sale, particularly pickled bellies, and at stead y prices,
closing at 64£@6J4C. for pickled bellies, 11 @ 1 0 lbs. average,
4 @ 4 l^ c . for p ickled ham s and 7 ( i @ 7 3^c. for p ickled shoul­
ders. Beef has been quiet and e a s y a t $ 9 @ L 0 for packet,
$ L 0 @ ll for fa m ily a n d $ 1 4 @ 1 3 for extra India mess. B eef ham s
have been steadv at $23. T allow has advanced s lig h tly , closing
firm at 3 5 -1 6 @ 3 % c . O leo stearine has been steady at 4Jg@ 5c.
L ard stearine has been quiet a t 6 '4'c. C otton seed oil has
been dull but steady at 23J^@34c. for p rim e yellow . B utter
has been iu fair dem and and steady at 1444@19c. fo r cream ery.
Chees9 has had a fair sale a t steady prices, closing at 6)4 ®
7;i^c. for State fa c to r y , f u ll cream . " Fresh eggs have been in
fair dem and and firm at 14}£c, for choice W estern .
Brazil grades o f coffee have been firmer. There has been a
fairly active distributing business, and trading in invoices
has been fairly large.
H ig h er prices have been paid, in clu d ­
in g 6 J4 C. for R io N o . 7 on the spot and Santos N o s. 3 and 4
at 7 ’30c.. c o s’ and freigh t, closin g at 6 '4'c . fo r R io N o . 7.
M ild grades have been in activ e dem and and firmer, closing
at 9'<[c. fo r good C acnta.
E ast India grow ths have been
quiet but steady at 2 4 % @ 2 5 c . fo r standard Java, Specula^
tion in th e m arket for contracts has been m oderately active,
and prices have advanced on the very m oderate crop m ove­
m ent and reports o f dam age to the g row in g crop by d ro u tn .
F ollow in g are final ask ing p rices:
Aug..................... 5-65o. I N ov................... 5-70o. I M ar....... ........... 6-05o.
Sept.....................5'S5o. |D eo.................. 5-S5o. I A p ril.................. 6-10o.
O ut...................... 5 70o. 1J a n ...................5 ‘95c. I M a y ..................... 6 ‘15c.
R aw sugars have been in active dem and and higher, clos­
in g at 4 } 4 c . hid for centrifugal, 96-deg. test, and 3*£c. bid for
muscovado, 89 deg. test. Refined sugar has had a fa irly
large sale and prices w ere advanced l-1 6 e . for N os. 1, 2 and
3 ; granulated w as unchanged a t 5J£e,
T h e gu a ra n ty o f
prices has been w ithdraw n. Teas have been d u ll. R ice in
demand for export. Spice3 firm b u t quiet.
K entuck y tobacco has been quiet but steady. Seed le a f
tobacco has had only a lim ited sale, bu t values have held
about steady. Sales for tbe week w ere 1.325 cases, as
follow s: 300 cases 1897 crop, N e w E ngland H a v a n a , 6 % to
8c .; 300 cases 897 crop, W isco n sin H avana, 9c; 250 cases 1895
crop, W isconsin H avana, 11 to 13c.; 200 cases 1895 6 crops,
Pennsylvania seed lea f. 12}£ to lS J ^ c .; 75 cases 1896 crop, N e w
E ngland seed lea f, 28 to 3 7 c .; 50 cases 1893 crop, N e w E n g­
land H avana, 16 to 40c., and 150 cases sundries, 6 to 16c.,
also 220 bales H avana, at 70c. to $L 05, in bond, and 150 ba le s
Sum atra, at 75c. to $1 80, in bond.
Straits tin has continu d to m eet w ith a fair sale and prices
have again advanced, closing steady at 16-30® 10-35c, In got
copper has had a fa ir ly large sale for export and prices have
advanced, closing firm at llp ^ c. for Lake.
L ead has been in
moderate dem and and firm er at 4 @ 4-10c. fo r dom estic.
Spelter has been quiet, closing at 4'4 0@ 4 -4 5 c. for dom estic.
P ig iron has had a fair sale at steady prices, closing a t
9 '7 5 @ l l ’50c. fo r domestic.
Refined petroleum has been unchanged, closing at G’40_\ in
bbls., 3'90o. in bulk and 7'05c. in cases; naphtha unchanged
at 60. Crude certificates have been firm , closing at 96o.;
credit balances steady at 96c. Spirits turpentine has a d ­
vanced in response to stronger advices from the .South, c lo s­
in g at 29,kj(«lO/^c. Rosins have been d u ll and low er at
$1 82J^@1 35 for com m on and good strained. W o o l has been
quiet but steady. H ops have had a m oderate sale at steady

press.

THE

A ugust 13, 18S8.J

CHRONICLE.

325

C O T T O N .

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. W e add similar figures for
T h e M o v e m e n t o f t h e C r o p , as indicated by our telegrams
New York, which are prepared for our special use by Messrs,
f r o m the South to-night, is given below. For the week ending
Lambert & Barrows, Produce Exchange Building.
this evening the total receipts have reached 3,837 bales,
ON S H IP B O A R D , NO T C L E A R E D F O R —
against 10,534 bales last week and 9,723 bales the previous
Leaving
week, making the total receipts since the 1st of Sept., 1897,
, Great
Aug. 12 at
Other
Coast­
stoek.
Total.
8,319,326 bales, against 6,893,401 bales for the same period of
Britain. France. Foreign wise.
1896-7, showing an increase since Sep. 1,1897, of 1,926,933 bales.
F r i d a y N i g h t , August 12, 1898.

Receipts at—

36

15

82

18

161

C harleston.......

377
34
......
3
......
98

27
197
......
207
......

241
2
......
8
......

139
11
......
1
......

505
29
......
12
......
52

1,329
276

New Y o r k .......
Other ports___
T otal 1 8 9 8 ...

9.840

236
......
405

Total 1 8 9 7 ...
Total 1 8 9 6 ...

550
7,70 2

4

......
1

1

4

1L

140
......

14
......

131
......

10
......

317
......

619

98

6?

71

40

.........

75

......
171

23
87

195

.........

690

770

785

283

5
1.052

.........
40
3
......
5
......

Pt. R oyal, Ac.
W ilm ington___

.........
1

N orfolk ............
N’p 't News, &c.

Tot. this week

287

Wed.

Thurs.

Fri.

total.

......

7
........

7
300
87
436
3.867

The following shows the week’s total receipts,the total since
Sept. 1,1897, and the stock to-night, compared with last year.
Receipts to
Aug. 12.
G alveston...

1896-97.

1897-98.
This
week.

Since Sep.
1 ,1 897 .

This
week.

Stock.

Since Sep.
1, 1896.

N o r fo lk .......
N’portN .,& c
New Y ork...
B o sto n ........
B altim ore. .
Philadel, Ao.

16111,911,813
.........!
98,068
1,32912,680,612
276 362,921
......... 118,133
236^1,188,080
____
269.720
405 471,089
75,877
323,703
11
1,280
619 586,116
25,602
7 121,201
300 224,103
87
76,463
81,212
436

2,436 1,3 41,365
112,751
3,377 2,080,192
22 291,435
88,525
95 810,617
177,266
19 398.460
73,595
12 234,625
857
26 704,330
19,121
79
48,695
460 161,731
63,37b
51,960
870

T otals.......

3.867 i8,619.326

7.396 6.642,404

New Orleans
M o b ile ........
Savannah...
B r’ wick,<fec.
Charleston..
P.Royal,&c.
Wilmington.

1898.

1897.

13,652

5,068

74,630
3,199

11,445
1.373

8,552
3,581

6,763
1,317
1,200

5,949

429

12,980

459

80,615
5,100
8,850
11,035
228.143

47,119
3,50 >
1,219
2,270
82.167

In o r d e r that comparison may b e made with other years,

we give below tho totals at leading ports for six seasons.
Receipts at —

1898.

1896.

1897.

Galvea’n, Ac.
New Orleans
M obile.........
Savannah...
Chas’ton, &c.
W ilm’ton, Ac
N orfolk ........
V. News, Ac.
A ll o th ers...

161
1,329
278
236
403
11
619

Tot. this wk.

1895.

830

2.436
3,377
22
95
19
12
26
79
1,330

4,663
9,234
133
1,222
113
6
489
281
176

3,867

7,393

18.370

1894.

28 ■>
550
143
167
11
6
39
30
510
1,749

1893.

1,433
3,742
24
105
16
15
188
53
1,587

1,455
4,479
179
1,646
519
23
216
855
2,876

7,213

12,243

Blnce Sept. 1 8819.326 6692.40ll5232.23S 7869.576 5931,783 5032,958

The exports for the week en ling this evening reach a total
of 16,091 bales, of which 3,137 were to Great Britain, —
t o France and 13,957 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1897.
Exports
Stomr—

if eek Ending Aug. 1 2 1 8 9 8 . From Sept. 1 , 1 8 9 7 , to A ng 1 2 , 1 8 9 8 .
Exported to—
Exported to—
Great France Conti­ Total Great Franc* Conti­
Total.
nent.
Bril'n.
nent. Week. Britain.
1 ,2 7 5

Tex. City. Ac..
New Orleans..
Mobile...........
Pensacola......
Savannah.......
Brunswick__
Charleston__
Port Royal....
Wilmington...
Norfolk..........
N:port N., 4c..
New York......
Boston..........
Baltimore___
Philadelphia..
Ban Fran.. 4c.
Total..........
Total. ISOe.pv.

2 .5 0 J

7 ,9 8 5

1 0 ,1 8 1

100

100

.......

513
22

2 ,9 9 1
..

608

03

3 ,1 8 7 1
1 .0 « 2

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

1 2 .9 5 ?

401

1 751

3 ,5 0 7
22

? tl

2 9 9 ,3 0 2
9 ,3 5 9
1 ,1 2 1 .8 0 1 1 2 2 ,7 5 1
1 5 4 ,1 0 1
7 3 ,9 8 8
7 3 ,7 4 0 3 2 ,5 1 7
1 5 7 ,2 6 :*
8 4 ,1 2 3
5 7 ,8 3 1
1 1 7 ,6 8 9
6 0 ,0 5 1
20<
1 3 ,7 0 *
3 6 2 . 9 0 0 5 3 ,2 7 ?
3 0 4 ,7 0 8
5 ,0 20
0 3 ,6 0 ?
1 6 ,7 0 1
0 ,5 3 1

1 8 ,0 0 4 3 ,4 9 1 ,7 1 4 8 1 3 , 1 6 0
765
1 1 3 1 4.0It? 401

4.622
None.
None.
None.
None.
5,700
900
500

None.
None.
None.
250
None.
1,500
None.
None.

7,362
None.
None.
250
None.
7,200
7,100
1,500

67,268
13,652
8,5*2:
3,331
3,199
5,780
73,515
29,434

100

11,722

1.750

23,412

204,73L

5,030
3,955

903
2 ’0

8,114
12,222

74.053
125,214

There has been slightly increased activity to the specula tioa in the market for contracts, but the tone has been un
settled. Advices received from sections of the cotton bel
east of the Mississippi have reported excessive rainfall, affec ting unfavorably the condition of the growing crop, and ha 3
stimulated a demand from shorts to cover contracts. The
report published ou Wednesday by the Government A gri­
cultural Bureau showing that there had been no deteriora­
tion in the condition of the crop during the month of July
was a much better statement than had been generally ex­
pected and prompted liquidation by longs, under which
prices weakened. The demand for actual cotton has shown
latterly some improvement, as the Continent has been a
limited buyer, and home spinners have made some pur­
chases.
Saturday and Monday there were dull mar­
kets and prices eased off a few
points in the
absence of buyers and under limited offerings by
the South and Liverpool.
Tuesday the market was
firmer, as shor. s were buying to cover contracts, stimu­
lated by the reports that the continued wet weather in the
Atlantic and Gulf States was damaging the growing crop
and also on the general expectation that the Government
report would be less favorable than the one published in
July, closing at a net advance for the day of 3 to 4 points.
Wednesday the market opened slightly higher on foreign
advices and limited foreign buying, Immediately, however,
following the receipt of the Government report, the market
turned weaker and prices declined sharply under liquida­
tion by longs. At the lower prices shorts and the Continent
were the principal buyers, closing at 8 to 10 points lower
for the day. Thursday there was a steadier market, as the
foreigu markets failed to fully reflect the decline in the local
market Wednesday and the fact that the demand for actual
cotton had improved slightly also had a favorable influence
upon values. To-day the market was lower under liquida­
tion by tired longs and clearing weather in the cotton belt
east of the Mississippi River; prices showed a decline of 4 to
7 points for the day. The spot market has been moderately
active; prices advanced l-16a. Tuesday aud declined l-16c.
Wednesday, closing unchanged at 8 l-16c. for middling
uplands.
On the basis of the rates on and off middling as established
by the Revision Committee, the prices for a few of the
grades would be as follows:
UPLANDS.

S a t.

M iddling......................................
Good M iddling............................
Middling Fair"............................
GULF.

STAINED.
M iddling..... .................................
Strict M iddling...........................
Good M iddling T inged..............

M on T ue* W ed

T il.

F r l.

413lf
5°s
Glia
6%8
6%

6%a

6\

6%

M o il T u e s W e d

T il.

F r i.

5 7s

'5 V
5 78

«»ia
7

•iha
7

Th.

F r i.

5%
5^32
6V

4 716
5%
52 %2
6 li«

413ie 4islt
553
5*8
*5l18 «}16
6°t« 6 aie
6%
6%
S a t.

M iddling..................................... .
Good M iddling............................
Middling F air.............................

bl 16

4%
5 hr
6%
6%
643, f.

5% .
578
6% s
«%6
7

5*8
51%,
6%
65s
71, R

5>is
5 78
6 5is
6 >ie
7

6 5L8

S a t.

M o n T a les W e d

7

550
5^0
5*739 5273
61 *
6lia

4*2
51%,
52%'.
618

55g
52%
61 «

4l3lf
5=8

The quotations for middling upland at New York on
Aug. 12 for each of the past 32 years have been as follows.

4 3 9 ,3 7 7 1 ,5 0 6 ,« 3 9
3 1 ,7 5 3
2 4 ,8 9 5
8 1 0 ,8 4 6 2 ,3 5 8 ,4 0 1
7 3 ,5 7 4 2 3 7 . 9 : 5
3 9 ,5 3 5 1 1 3 ,4 2 3
6 3 7 ,7 2 1 7 3 1 ,0 0 3
8 4 ,7 5 3 2 4 7 ,0 .7
2 3 6 ,6 1 3 3 2 1 .7 3 0
6 5 ,8 3 4
8 ,0 J 0
1 8 0 ,3 6 7 2 9 8 ,0 5 6
3 3 ,2 7 4 1 0 5 ,3 2 5
2 0 ,0 3 0
6 ,1 7 5
3 1 6 .6 3 8 7 3 2 .9 1 5
3
1
0 ,3 9 2
5 ,6 8 4
1 2 3 ,8 8 1 2 3 2 ,5 1 0
1 8 ,3 5 1
1 ,6 6 0
1 3 8 ,2 5 3 1 4 7 ,7 8 7
3 ,1 5 0 ,-2 1 1 7 , 1 8 i , U 5

S aturday..
M onday..
T u esd ay...
Wednesday
Thursday..
F rid a y .......

5 2 4 6 .9 3 3 3 0 0

T otal.......

■i 9 ,v5

None.
None.
None.
None.
None.
None.
100
None.

IfiCC
*—
<

10
T ex. City, &c.
N ew O rleans...
M o b ile ..............
F lorida..............
Savannah.........
Brunsw’k.&c.

B altim ore........
Philadel’a, Ae..

New O rleans...
G alveston.........

2.740
None.
None.
None.
None.
None.
6,LOJ
1,000

Vues.

Mon.

Sat.

1 8 9 8 ....e .
1897........
1396.........
1895.........
1894.........
1893
1892
1391

6 i 16
8
8
79,0
61513
7H i

714
8110

1883. ...c -.1 3
1 8 9 0 ... . 0 .12 h
188 L. ....1 2
1 8 8 9 ...
1880.
. . . . 11916
1 8 8 8 ... -.11016
1879. . . . . U * 1 8
1 8 8 7 ... . . 9%
1878. ....1 2
1S8G...
1877. . . . . 1 1 * 9
1 8 8 5 .... ..1012
1876 . . . . 13 ''6
1 8 8 4 .... ..1 0 %
1875- ....1 4 %
1 8 8 3 ... ..lO H
MARKET AND SALES.

S pot M a r k e t
C l o se d .

F utures
M arket
C l o se d .

Dull aud easy..
Dull.....................
Steady at V ad.
Easy at V dec.
S tea d y ...............
Q u iet..................

Q uiet...........

Dali. ............

S tea d v ........
B’rlY steady.
Quiet A st’dy
Quiet A st’dy

Sales

Ex­
port.

of

1 8 7 4 ....e .1 7
1873.........197s
18 72........ 31%
1871.........19
1870.........19%
1869.........13%
1863.........!9%
18 67.........33%

Sp o t & C o n t r a c t .

Con­
sump. tract.
0 on-

100
616
57
320
238
2,672
52 H 1,135
716
1,902
350
1,000
7,033

2,626

1,900
100

Total.
716
2,277
3,010
1,663
2,643
1,350

2,000 11,664

THE

326

CHRONICLE

F u t u r e s .— T he h igh est, low est an d clo sin g prices
F u tu res at N e w Y o r k are saow n in th e fo llo w in g table.
in*
*TJ
Soc
*
C
£
>
0 “"
2 ? $ 2 2 r 3 9 55?
!T£
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m
o
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x t r: f- r T
x - 95 l a» ♦ as ; ■n- >x • - n ■ X •* 0

.

?! If rt

of

A t the I nterior T owns the movement—that Is the receipt*
for the week and since September 1, the shipments for th«
week and the stocks to-night, and the same Items for the
corresponding period of 1898-97—is set out in detail below.

III P I

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A m e r ic a n —

789,000 502,000 419,000 1L,196,000
431.000 233,000 3 .59,000 712,000
52,000
73.000
17,000
23,000
Amerloan attoat for Europe..
82,167 137,436 310,453
, 228,113
76,547
31,081
41,714
United States interior stocks . 115.541
1,001
-130
990
433
United States exports to-day.
Total American........
1,640,635 920,661 1.,074,973 21,283,630
Kast Indian, liraeil, <te.
86,000 111.000 133,000 138,000
Liverpool stock.................
5,000
10.000
11.000
London stook.......................
6,000
123,200
67.300
81.200
103,200
Continental stocks.............
31,000
52,000
50.000
22.000
India attoat for Europe....
28.000
11,000
18.000
17,000
221,3 )0 241/200 311,200 321,2 >0
1,640,635 910,831 1,074,973 5!.283,630
Total visible supply.........1,866,935 1,161.881 l,3 38 .t7 3 2,004.830
Middling Upland, Liverpool..
3>aS
473<,d.
4'»rl21.
3ssS2d.
Middling Upland, New York.
OiicO
8<J,
8H9o. 7»18s.
47,-d.
57,nd.
65lBd.
6bfl<i.
Egypt Good Brown, Liverpool
Peruv.Rough Good, Liverpool
6 7ed.
6m .
6%d.
59, ad.
3®,«d.
45„,ad,
4181.
377,2'f.
Broach Fine, Liverpool..........
36, id,
42 733d,
4 l 19d,
3 U ,8d.
Tinnevelly Good, Liverpool..
------ bales. .

' The im ports into Continental ports th e past w eek
been 43,000 bales.
The above figures in d icate an i n c r e a s e in th e c o tto n in
to -n ig h t o f 705,124 bales as com pared w ith th e sam e
of 1807, a gain of 480,812 bales over th e corresponding
of 1896 and a decrease of 737,833 bales fro m 1895.

© o i ; < J 05 <1

^ wo»otto©‘-*©totoo*oi(x.at^otwo

T h e V is ib l e S u p p l y o f C o tto n to n ig h t, as m ade up by
cable and telegraph is as follow s. C on tin en tal sto ck s, as w< 11
a3 those for G rea t Britain and the afloat are th is w eek's r e ­
turns and consequently all E arop ea n figures are brought d ow n
to T hursd ay evening. B i t to m ik e th e to ta l th e com p lete
figures for to n ig h t (A u g , 13), we ad d th e item o f exports from
the U n ite d States in clu d in g in it the exports o f F rid a y o n ly .
1396
1895.
1898
1897
8 :00k at Liverpool____ bales.
871,000 616,000 582,0001,384,000
8 .ook at London.......................
10.000
11,000
5,000
6,000
Total Great Britain stook. 8 *0,000 622,000 592,000 1,315,000
Btook at Hamburg._______
31,000
20.000
24,000
33,000
Stock at Bremen....................
187,000
99.000 115,000 222,000
Stock at Amsterdam.............
7,000
14,000
1,000
2,000
Stock at Rotterdam................
200
200
200
300
Btook at Antwerp....... ............
20,000
8 000
5,000
8,000
Stock at Havre.................... ..
112.000
380.000
165,000
170,000
5.000
6,000
Btook at Marseilles..................
4,000
4.000
66,000
60,000
Btook at Baroelona..................
62,000
70.000
Btook at Genoa..........................
39,000
41,000
28,000
35,000
38.000
40,000
19,000
19,000
Btook at Trieste........................
Total Continental stocks.. 491,3 JO 369.200 4 *2,200 815,200
Total Earopean steoks___1,3 71,300
911,200 1,071.200 2,100.200
34.000
22.000
52.000
IndiaoottonanoatforEurope
50,000
23.000
52.000
17.000
Arner.ootton afloat for Europe
73,000
------- ----------- --- - —
23,000
17.000
11.000
13.000
•Egypt,Brazil,&o.,aflt.for
E'ps
Block la United States porta
82,137 13 7,430 310,453
223,113
41,714
31.0 II 76,547
Btook In U. S. Interior towns.. 115.511
163
990
430
1.001
United States exportB to-day.
Total visible attDplj.......... 1,306,935 1,131,861 1,336,173 2,601,830
Of tie above, totals of Amarloan and other desorlptlons are as follows:
Liverpool stock.

02

; e 3 • i 5; ; ; : ; : g

a © ©©
>_4p-S ©H
©©
1S 13
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13

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66
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9 J ©©
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a -4

[V ol l x v h

ha ve
sight
date
date

wLast year's figures are for Columbia, 8. 0.
The above totals show th a t the interior stock s have
d e c r e a s e d d uring the week 4,316 bales, and are to -n ig h t 84,477
bales m o r e th a n at the sam e period last year. T a g receipts at,
all the tow ns have been 9,371 bales l e s s th a n th e sam e
week last year, and since Sept. 1 th ey are 1,610,814 bales m o r e
than fo r the sam e tim e in 1896 97.
O v e r l a n d M o v e m e n t f o b t h e W e e k a n d S in c e S e p t . 1 .—
W e give below a sta te m e n t sh ow in g th e overland m o vem en t
for the week and since Sept. 1, as m ade up from, telegraphic
reports F rid a y n ig h t.
The results for the week ending
A u g. 12 and since S ep t. 1 in the last tw o years are as follow s.
1897-98.
A u g u s t 12.

Fee*.

S in ce
S ept. 1.

1896-97.
W eek,

-Since

Sept. 1.

Shipped—

Via 8t, Lonls..................................
Via Cairo.......................................
VIA Rock I sla n d .................... .

Via Louisville...............................
Via Cincinnati..............................
Via other routes, &o....................
Total gross overland................
Q educl s h ip m en ts—

2,t70
1,234
19
17
2,061

869,605
394,476
32,681
46,941
132,811
154,781
198,558

5,501 1,829,853

328
140
150
160
107
133

560,665
273,679
23,237
13,951
137,010
151.100
106,165

1,018 1,265,807

Overland to N. Y ., Boston, &o..
Between Interior towns..............
Inland, &o., from South..............

830
397
913

505,979
40,385
56,688

1,330
85
1,977

325,765
5,138
72,298

Total to be deducted................

2,140

603,052

3,392

403,201

Leaving total net overland*..
3,361 1,226,801 12,374 862,606
* fnoludlng movement by rail to Canada,
i Deductions greater tliau overland.
The foreg oin g sh ow s th a t th e w eek ’s n et overland m o v e m en t
this year has been 3,331 bales, a g a in st ------ - bales for the
week in 1897, and th a t for the season to date th e a g g reg ate net
jverland ex h ib its a n excess over a year ag o o f 384,195 bales.
1897-98,
I n Bigh t a n d S p in n ers'
T a k in g s .

W eek.

Since
Sept. 1.

1896-97.
W eek.

S ince
Sept. 1.

Rsoelpts at ports to Aug. 12.........
Set overland to Aug. 12...............
!oatbern consumption to Ang. 12

3,867 8,619,326
3,361 1,226,801
21,000 1,077,000

7,39b 6,692,404
}2,374 862,606
13,000 924,000

Total marketed...........
interior stooks In sxoess.

28,228 10923127
*4,316
70,465

18,022 8,479,010
189,530
2,424

23,912

20,416

Came Into sight, daring week.
Total in sight Ang. 1 2 ..............

10993592

9,065
2,184,356
N irth’n spinners tak’gsto Aug.12
________
__
* Deorease daring week,
t Loss than Sent. 1.
t Deductions greater than overland.

8,389,480

8,932 1,752,894

THE CHRONICLE.

A ugust 13, 1898,]

It will be seen by the above that there has come into sigl t
during the week 23,912 bales, against 20,446 bales for the
same week of 1897, and that the increase in amount in sight
to-night as ccmpared with last year is 2,604,112 baler.

Quotations fob Middling Cotton at O t h e b M a r k e t s .—
Below are closing quotations of middling ootton at Southern
and other principal ootton markets for each day of the week.
OhOSINO QUOTATIONS f o b m idd l in g ootton on —

W e e k e n d in g

Aug. 12.

Satur.

Mon.

rue*.

Wednei.

Thurt.

Galveston..
NewOrleans
Mobile.......
Bavannah. .
Charleston..
Wilmington.
Norfolk......
Boston.......
Baltimore...
Philadelphia
Augusta.....
Memphis__
St. Louis__
Houston__
Cincinnati..
Louisville...

511,6

511-16

5=8
5=8

5” is
5=8
5=8

511,6
511,6
5=8
5=8

511,6
511,6
5=8
5=8

511,6
511,6
5=8
5=8

511,6*
511,6
5=8
5=8

5=8
5 7a
6 116
63e
6°18
6 ' is
5=8
5%
5=8
6
6

5=8
5 78
61,6
6=8
6%
6 'l8
5=8
5%
511,6
6
6

5
578
618
6=8
6=18
61,6
5=8
544
5 «16
6
6

5k,
5 78
61,0
630
6°,0
6 l ,a
5=8
511.6
511,6
6
6

5125 78
^ le
63a
65,6
6361,6
5=8
•511,6
511,6
6
6

5=8
5 7s

She

6%
6hs
6 1iq
5=8
5%
5=8
6
6

Fri.

The closing quotations to-day (Friday) at other important
Southern markets were as follows.

Athens...........
Atlanta........
Charlotte.......
Columbus. Ga.

6
57s
51*

Columbus, Miss
Eufaula....__
Little Rook....
Montgomery...

5is
5=8
5H
5kj

Nashville......
Natohez........
Raleigh....... .
Shreveport.....

5k,
5^
5'8
5=,6

R e c e i p t s p r o m t h e P l a n t a t i o n s . — The following tab'e
Indicates theactual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statem ent of the weekly
movement from the plantations of that part of the crop which
finally reaches the market through the outports.
W eek

Ending—

July

9......

•*
*
“

15......
22 . . . .

29.....

Aug. 5......

12___

R e ceip ts a t th e P o r ts .

1808. | 1897. | 1896.
9,9991
9124
7,c62
P,728
10,534
8.867 ■

4.983
4,415
2,447
3,207
4,052
7,3961

S t 'k a t I n t e r i o r T o v m s . R e c ’ p t s f r o m P l a n t 1n t .

1898.

4,497 150.394
3.896 145.765
8,808^32,384
5,5391131,674
4.930! 119.83*.
16.3701115,541

1897.

1896.

41,353
34,937
31,769
28,743
28,64'*
31,064

93,908
87,925
82,1 80
79,164
76,890
76.547

1898.
1,825
4,795
8,717

1897.

1896.
146

1,863
723
181
3.949 3,050
9.820 10,087

The above statement shows: 1.— That the total receip's
from the plantations since Sept. 1, 1897, are 8,6S9,791 bales; Id
1896 97 were 6,602,374 bales; in 1895-96 were 5,276,085 bales.
2.— That although the receipts at the outports the past week
were 3,837 bales, the actual movement from plantations was
------ bales, the balance being taken from stocks at Interior
towns. Last year receipts from the plantations for the week
were 9,820 bales and for 1896 they wire 16,027 bales.

W eather R eports by T elegraph. — Reports to us by
telegraph this evening from the South are of a less favorable
tenor. Rain has been general daring the week, and at some
points along the G a lf the precipitation has been excessive
Damage from rust and shedding is complained of in Alabama
and Florida. Advices from Texas are in the main favorable
bnt in a few districts it is stated that boll worms, weevil and
sharpshooters are doing injury to the plant. Along the At
lantic the rainfall has a3 a rule been light.
Galveston, Texas.— Rain has fallen on three days of the
week, to the extent of one inch and forty six hundredthsThe thermometer has ranged from 76 to 96, averaging 83,
Palestine, Texas.— W e have had rain on one day of the
week, the precipitation reaching twenty eight hundredths of
an inch. Average thermometer 81, highest 94 and lowest 68.
Huntsville, Texas.—There has been a heavy rainfall on one
day of the week— one inch and seventy hundredths. The
thermometer has averaged 85, the highest being 94 and the
lowest 69.
Dallas, Texas.— The plant is doing well and prospects are
very promising. W e have had rain on one day during the
week, to the extent of one hundrelth of an inch. The ther­
mometer has averaged 76, ranging from 64 to 98.
San Antonio, Texas.— Plant is said to have been badly in­
jured in this vicinity by boll weevils and sharpshooters. W e
have had rain on one day during the week, to the extent of
eighty-eight hundredths of an inch. Minimum tempera­
ture, 70.
Luling, Texas.— There has been one shower the past week,
the rainfall being seven hundredths of an inch. Average
thermometer 85, highest 99, lowest 70.
Columbia, Texas.—It has rained on three days of the wet k,
the precipitation being ninety-two hundredths of an inch.
The thermometer has averaged 80, the highest being ninety
and the lowest 70.
Cuero, Texas.—The marketing of cotton has commenced.
It is claimed that boll-worms are doing much damage. Ram
has fallen on two days of toe week, to the extent of twentyfour hundredths of an inch. The thermometer has averaged
85, ranging from 73 to 96.
Brenhum, Texas.— There has been heavy rain on two days
during the week, the rainfall being two inches and twentyone hundredths. The thermometer has ranged from 71 to 95,
veraging 83.

327

Corpus Christi, Texas.—W e have had no rain during the
week. Moisture is badly needed. Average thermometer 81
highest 89, lowest 73.
’
Weatherford, Texas.—W e have had showers on three days
the past week, the precepitation being twenty-seven hun­
dredths of an inch. The thermometer has averaged 78
ranging from 61 to 94.
’
New Orleans, Louisiana.—The week’s rainfall has been three
inches and sixty seven hundredths on six days. Average
thermometer 79.
Shreveport, Louisiana.—There has been rain on three day s
during the week, the rainfall reaching eighty-six hundredth s
of an inch. The thermometer has ranged from 69 to 94, a v ­
eraging 81.
Columbus, Mississippi.—There is considerable complaint of
too much moisture. It has rained on four days of the week,
the precipitation being forty hundredths of an inch. Ther­
mometer has averaged 82, the highest being 93 and the low­
est 70.
Little Rock, Arkansas.— W e have had rain on four days of
the week, the rainfall being two inches and fifty hundredths.
Average thermometer 75, highest 91 and lowest 60.
Helena, Arkansas.— Crops are in good condition. Few
complaints are heard. Rain has fallen on two days of the
week, on one of which heavily, the rainfall being one inch
and forty-nine hundredths.
The thermometer has averaged
74-5, the highest being 85 and the lowest 62.
Memphis, Tennessee.— Too much moisture is causing rank
growth and lack of fruit, placing the crop in a critical con­
dition if early frost comes. There has been rain on two days
of the past week, to the extent of one inch and twenty-nine
hundredths. The thermometer has averaged 77-6, ranging
from 66'2 to 90.
Nashville, Tennessee.— W e have had rain during the week,
to the extent of five inches and ninety four hundredths. The
thermometer has ranged from 63 to 90, averaging 76.
Mobile, Alabama.— Crop reports are unfavorable. There
are complaints of excessive moisture, rust, shedding and
worms. Serious damage is apprehended. The first ne .v bale
arrived here August 6, from Wilcox County, Alabama. It
classed strict middling and sold for seven and a-half cents
per pound. Rain has fallen on seven days of the week to
the extent of seven inches and ten hundredths. Average
thermometer 78, highest 87 and lowest 72.
Montgomery, Alabama.—W e have had continuous damaging
rains since the first of August. Rust, shedding and rotten
bolls are reported. The falling off in condition is variously
estimated as fully one-fourth. The rainfall here reached one
inch and feventy-eight hundredths, but in the interior it has
been heavier. The thermometer has averaged 78, the highest
being 88 and the lowest 71.
Selma, Alabama.— Cotton is being damaged by continuous
rains. It is m akingtoo rapid growth and rust and shedding
have appeared on blacklands. W e have had rain on six days
of the past week, the rainfall being two inches and seventy
hundredths.
The thermometer has averaged 83, ranging
from 70 to 94.
Madison, Florida.— Excessive moisture is causing some
shedding. There has been rain on six days the past week,
the rainfall being two inches and fifty hundredths. The
thermometer has ranged from 74 to 91, averaging 82.
Savannah, Georgia. - There has been rain on three days
during the week, the rainfall being sixty five hundredths of
an inch. The thermometer has averaged 81, the highest
being 92 and the lowest 72.
Augusta, Georgia.— There has been rain on three days of
the past week, to the extent of twenty-eight hundredths of an
inch.
First bale of new cotton reached here on Monday,
The thermometer has averaged 80, ranging from 70 to 91.
Charleston, South Carolina.— There has been rain on six
days of the week, the rainfall reaching two inches and sixtythree hundredths. The thermometer has ranged from 74 to
90, averaging 82.
Stateburg, South Carolina.— W e have had rain on four
days of the week, and more is now threatened. The rainfall
reached one inch and one hundredth. Average thermometer
80, highest 90 and lowest 69.
Greenwood, South Carolina.— It has rained on two days of
the week, the precipitation being twenty-five hundredths of
an inch. The thermometer has averaged 80, the highest
being 91 and the lowest 70.
Wilson, North Carolina.— Rain has fallen on three days of
the week, to the extent of thirty five hundredths of an inch.
The thermometer has averaged S4, ranging from 76 to 92.
The folio wing state meat we have also received by telegraph,
showing the height of the rivers at the points named at
3 o’clock August 11, 1898, and August 12, 1897.
Aug,

n , ’98

Feet.
iwOrleans......................... Above zero ofgauge.4-9
11-7
imphls...............................Above zero ofgauge.

24-4
.shvllle...............................Above zero ofgauge.
reveport............................ Above zero ofgauge.6-7
17-6
eksburg,..................A bov e zero o f gauge

Aug.

12, '97

Feet.
5-5

111

5-0
1-4
19 3

J ute Butts, B agging, & c.—Jute bagging has been in fairly
tive demand the past week at 6c. for 1% lbs. and 63^c. for s, of standard grades. Car-load lots o f standard brands are
loted at 6c. for
lbs. and 6J^c. for 2 lbs., f. o. b. at New
irk. The market for jute butt3 continues dul'. Quota)ns are nominally *80c. for paper quality and l% c . tor
ixing.

r

THE CHRONICLE.

328

[VOL. LXYII.

I ndia Cotton Movement from j i .i, P orts.—The receipts
S ea Island C otton Movement ,— W e have received th is
of ootton at Bombay and the shipments from all India port8 (Friday) evening by telegraph from the various ports the
details
of the Saa Island cotton movement for the week. The
for the week ending Aug. 11. ami for the season from Sept. 1
receipts for the week ending to-night (Aog. 1.2) and since
to Au<. II for three years have been as follows:
8ept, 1 , 1897, the stocks to-night, and the same item s for the
1895-96.
1896-97.
1897-98.
corresponding aeriodsof 1890-97, are as follow s.
S ee e ip U at—

Bombay........

IVesA-.

Since
Sept. 1*

5.000ll,787,000

W eek,

Since
Sept !.

'

9,oool 1,603.000
Since S ep tem ber

F o r the W eek,

E xp orts
fr o m —

, I
j

Since
Sept. 1.

W eek.

—-------------------- -—
G reat j C ontiTotal.
!B r ita in , nettle

Oreat
B ritain.

Contincnt.

0

1.
Total.

--

Bombay— i

1897*98. J
1896*97.. |
1895- 96. J

6.000

6.030

i '. o o o

i ',0 06 I

1897-98..
18969 71,000
.. I
1895- 9 6 ..;

4.000 1 4,000
3.000 4,000 !
3.000
3,0J0 I

1S97-98..'
j
18969 7 ..!
1895- 9 6 .. |1,00 )

2,0 jO

Calcutta— j
Madras—

1,000

1,001 I
2,000

1.000 j
A.U others—
| 3.000
5.000 I
18979 82,000
..
| 6.000 | 7.000
18969 71,000
..

R e c e i p t 1 to " A u g . 12

1897-98.

1896-97.

S to c k .

S in c e
T h is
t c e c k . S ep t. 1 .

S in c e
T h is
w e e k . S e p t . 1.

1898. 1897.

Savannah .....................
Charleston. &o..............
Florida, <60....................
Total,......................

59,234
9,822
6,706
51 75,762
1

50

15 33,917 6,614 6,638
5 10,402 1,347
863
172
131
...a 6,733
20 101,052 8,133 7,632

14.000 442,000 456,000
Tneexports for the week ending this evening reach a to ts
32.000 560,000 j 592,000
73.000 1 718,000 791,000 o f — bales, of which — bales were to Great Britain, —
35.000 to France and — to Reval, and the amount forwarded to
4.000 I 31,000
80.000 Northern mills has been 92 bales Below are the export*
8.000
72,000
11,000 i 92,000 103.000 for the weak and lince September 1 in 1897-98 and 1896-97.
5.000
18,000
9.000

2,000
8,000 |
11,000

7,000
26,000
20,000

W eek E n d i n g A u g .
E x p o rtt
fro m —

G r e a t F r 'n c e
dkc.
B r iV n .

139.000
128,000 157.000 Savannah... .......
103,000 128.000 Oharl't'iL&o
2.000 I 6,000
22.000
1895 9 6 ..
8.000
Florida, <feo. .......
Total all— j
»ew York..
1897-98.. 2.000 14,000 16.000
35.000 602.000 637.000 Boston......
77.000 778,000 815.000 Balt., &o—
1890-97 . 2.000 | 11,000 13,000
1895-96.. I 3.000 i 10.000, 13.000, 117,000 1 925,000 1.042,000
Total...... .......
According to the foregoing Bombay appears to show a
decrease compared with last year in the week's receipts o f Total 1896-7
15.000
29.000

121.000

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

12

S in c e S e p t. 1

G r e a t F r 'n c e
T o ta l. B r iV n .
dkc.

, 1897.

B o r t h 'n M itis .

T o ta l.

S in c e
W e e k . S ep t. 1 .

3,234 15,389
24,655
....... 12,155
92 2,089
64 4,593
4,529
6,506
2,275
2,275
....... 7,948 5,233 13,181
3,448
3,443
•***“
2,354
225 2,579 .......
92 33,250
....... 32,709 8,756 41,465
....... 47,421 10,643 58,084
165)39,528

4,000 bales.
Exports from all India ports record a gain
of 3,000 bales during ths weak and since September 1 show
a decrease of 218,000 bales.

A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some sm all amounts via
Boston and Baltimore. Instead o f including this cotton for
A lexandria R eceipts and Shipments op Cotton,— the week in which it leaves the Southern outports. we follow
Through arrangements we made with Messrs. Davis, Banachi tfhe same plan as in our regular table o f including it when
& Co., of Liverpool and Alexandria, we now receive a weekly actually exported from New Y o rk , & c. The details of the
oable of the movements of cotton at Alexandria, Egypt. The shipments of Ssa Island cotton for the week will be fonnd
following are the receipts aud shipments for ths past week under the head “ Shipping News,” on a subsequent page.
and for the corresponding week of the previous two years.
Quotations A u ? 12 at Savannah, fox Florida®. common,
8}£c.; medium fine, 9}£c.; choice. J3c , all nominal.
A lexandria, E g y p t ,
1895-96.
1897-98.
1896-97.
Oiarleaton, Oarolinas. medium line, 1.1@15j,: line, 17@18c.;
August io .
fullv fine. 19 to 20c.; extra fine, 23 330c.
Receipts ( cantars*)....
1,000
N ew E ngland C otton Mill Situation.— The Everett cot­
5,793,000
5,2 )5,0UU ton mills at Lawrence, Mass., will shut down August 13. to
Since Sept. 1...........
6,5 14,000
S in c e j T h is
S in c e 1 T h is
T h is
S in c e
remain closed three weeks. The F all River Cotton Manuw e e k . Sept. 1 .
w e e k . S ept. 1 .
w e e k . S ep t. 1 ,
faiturers’ Aiaociation at a meeting held August 6 voted to
abandon the attempt to agree upon a general curtailment
exports (bales)—
To Liverpool----.... 2,000 346,000' 2.000 336.000 1.000 338.000 policy. It is expected, ho weyer, that some of the mills m ay
To Oonttnenti...... . 16,000 475,000 9,00* 399.000 5,000 338.000 atop independently for a time.

TotalEnropa....... 18,000 821,000 111,000 735,000 6,000 671,000
G overnment W eekly Cotton R eport.— M r.W . L. Moore,
1A.o»nt»rls 98 pounds.
Chief of the W eataer Bureau of the Agricultural Depart­
t OLvhlohto A nerlcain 1397-93,51,763 bales ln.1896-97, 50,495 ment, made public on Tuesday the following telegraphic
bales; in 1895-96, 59,103 bales.
«(
This statement shows that the receipts for the week ending
A u g . 10 were ------ cantars and the shipments to all Europe
18,000 bales.

M anchester M arket. —Our report received by cable
to-night from Manchester states '.hit the market is firm for
both yarns and s.uirtings, in cousegaenoe of Liverpool news.
W e give the prices for to-day below a n i leave thoiejj for
previous weeks of this and last year for comparison.;
,,

TvaH.

1893.
3*4 I b t.

1897.

S h ir t-]O o tl’ n
\ in g t, c o m m o n ] i f id .

tofinest.

. »6*1
...
- 15. 5®8
8 4 1 -96.

*“ !«*•

lbs. Shirt­ Voter,
ings, common Mid.
to finest.
Vpid:

d. s <i
d.
3 l,s 6% ® 7%
li * ©6 7>a £ * 1
8
316,a fgS © 7%
2 ©8 7*s 4M
:«
2 ©6 7*3 414
7h] 81*s»|67xa » 7 V .
7 >2 315^67,, I*'7,*
2 ©6 8
2 hi©6 8
7*s| 3ia:!. 6 <a »7 7]t
4*83
7>2 Shi '67i , ©77j
2 I3 S16 9
478‘3
Ex m a v i s —Cotton T rade A dver

d.
d. is. d. s. d.
JalvSlSSs © 67is;4 1 ©6 8
*• 22 ■•»*„ 967|al4 m.., »d

! TJplds

0 °P -

d.

d.

d.

e.
4
4
4
4
4
4

*• 29 5»,g <t6 7,< 4 0 -j *6
AOg.S SA, ®6 7j ,;4 0>2 »6
12■5ll1<a 6 i9 4 1 © 6
N ew Y ork Cotton
TisiNO.—The B iard of M ia n e r a of the New York C ittcn
Exchange have incorporated in ths rules coverin ' causes for
suspension the follow ing'■ For tbs publishing or purm lulng to ho published in tils own n uua,
o r that o f Ills ttr,o. in new spaper,. Circular* or orUorwiao. any adver­
tisem ent wlilch contains any misstatem ent o f facts or Is other Vl to cal­
culated. whether h r direct or implied mlarepresentall m or unfair conc -almcnt o f facts, to mislead the public, o r w hich contains a request
fo r m oney to be seut a , margin for operating on discretionary orders,
or any othor m atter wilt ill, shall tend to brim.' discredit upon the busi­
ness o f dealers Or brokers in n itton or upon the Exchange, or which
shall ba se been Unapproved o f by a m ajority o f the Board o f M an­
agers, aftor an opportunity t > tho member to be heard.”

A farther amendment adpptid by ths M aiagers reals as
follow s:

“ When there arc no sales o r whoa tfc-oro are very few for any tn inth,
th e com m ittee Is fixing tin a v sra g - price o f said month for settle
m oots shall taito intu consideration the flnctnatlou, during tho day in
other m inths a n ! m ik e the average p rioo In accordance with and
rela tiv ely the sam e."
L ouisiana' s F irst B ale.—The first bale of new cotton
raised in Louisiana was received at Shreveport or Saturday,
August 6, from Bossier Parish. It classed strict middling,
weighed 686 pounds, anti sold at 7c, per pound. L ist year the
earliest arrival was on .July 31, in 1896 on Jn'y 23 and in 1893
on August 12, all at New Orleans.

reports on the crop in the Southern States
ending Aug. 8:

for the week

Virginia.—Week warm, with'fairly well distributed showers; all
work abrea t of season.
North Carolina.—Flourishing condition of all crops maintained by
warm, sliowery weather; too much rain and some damage by wind tn
few western counties; cotton improving, less shedding', some bolls
ripe.
S outh Carolina.—E xcessive rains d am aged low lan d crop s in lo c a l­

ities; cotton large o f stalk, well fruited but vast and shedding increas­
ing, Helds grassy, boll opening slow ly, nseding d ry weather and sun­
shine.
GkOHGIa.—Continuous wet, cloudy weather lias been injurious to

cotton, will oh is making stalk rapidly, fruiting poorly, and rusting
aud shedding; some cotton opening and picking begun in several
counties.

F lg urt> v,—13vee.pfclng lim ited sections, rainfall adequate, in som e
counties am ount excessive; 111favorable reports o f co tto n co atlnue.
Alabam a.—T oo much rain for ootton, w hic i is opening slow ly, mak­
ing too much “ weed.” and rust and shedding b e c o uiog gene al; crops
injured considerably by wind storms in southeast counties on 3d .
Mississippi.—Ooutinuod showers; boll and array worms, shedding,

rust, grass aud overgrowth seriously injured ootton; some very favo rab e reports of cotton received, however, mostly from the northern
emuties, where rains were moderate; first baLe received at Meridian
on MU,

Locust ana, - Showery weather during w eek w ith h ea v y lo ca l rains
over northern aud soothe astern portions; cotton lias m ade rank
growth, but is not fruiting well in localities, while in in m y places it ia
shedding fruit; crop gras-ty, boll worm has appeared in north portion.
T e x a s .—W eek o f show ery weather, but rain too light, to benefit
orops except in scattered districts; ootton in g ood state o f cultivation ,
fruiting nicely, plant looks well generally but som e shedding where
rain is needed, m uch damage reported from M exican boll w eevil in
localities; early cotton opening in interior and spine p ick in g has been
done; late cotton im proved by rain in north portion; early crop good
aud som e picked.
A rk vxs vs.—General rains have benefited all grow in g crops; cotton
prospects still flue, but needs dry weather now to p reven t rank grow th
and shedding,
I'knnessee.—Warm, rainy weather induced abnorm al grow th , detri­
mental to m aturing crops ; cotton generally has to o much stalk
growth and is shedding forms.
‘ O k l a h o m a —H eavy rains over both territories; cotton m aking rank

growth.
MMSormi.—A. little too much rain for ootton, aud some too rank but
it is fruiting well.
These reports on cotton are summarized by the Depart­
ment as follows:

Frequent and heavy rains over tile greater part of the ootton belt
have not been favorable to cotton, can dag too rapid growth of stalk,
rist and shedding to continue. Boll worms are also reported as
numerous in the central and western portions I q Texas the crop is
in a good state of cultivation, an < the plant, as a rule, looks well.
Cotton ia opening slowly generally throughout the central and eastern
portions of the cotton region.

THE CHRONICLE,

N e w A l a b a m a C o t t o n . — The first bale of new Alabama

cotton was received, at Mobile from W ilcox County, Alaba aia,
on Saturday, August 6. It classed strict middling and sold at
7J£c. per lb. Last year the first bale reached Mobile July 31,
or eight days earlier, in 1896 the earliest arrival was on July 28,
and in 1895 on August 14. In 1894 the first arrival was at Selma
on August 10. In 1893 Ozark received the first bale on August
2 and in 1892 the first arrival was at Dothan on August 3.

329

The comparison with last year is made more striking b y
bringing together the above totals and adding the average
weekly consumption up to this time for the two years.
Oct. 1 to Aug. 1.
Bales o f 500 lbs. each,
000s omitted.

1897-98.
Great
Britaiyi

Spinners’ stock O ct.l.
31,
Takings to Aug. 1 ----- 3,005,

N e w M i s s i s s i p p i C o t t o n . — The first bale of new cotton
Supply.......................... 3,036,
raised in Mississippi was received at Meridian on Friday, Consumpt’ n,43 weeks 2,812
Aug. 5, from Shubuta, Clarke County. Last year the first ^
Spinners’ stock A u g .l
224,
bale reached Meridian Aug. 4; in 1896 the earliest arriva
Weekly Consumption,
was at Vicksburg on July 22, and in 1895Jthe first bale
008 omitted.
reached New Orleans on A u g. 24.
In O ctober...............
64,0
E u b 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 have

received to-day (Friday) by cable Mr. Ellison’s figures brought
down to A u g / 1. W e have also received the revised totals
for last year and give them for comparison. The spinners’
takings in actual bales and pounds have been as follows:
Oreat Britain.

October 1 to Aug. 1.
F o r 1 8 9 7 -9 8 .
Takings by spinners...bales
A verage weight o f bales lbs

Continent.

Total.

4,351,000
2.957,000
7,308,000
489
508
496-7
1,502,356,000 2,127,639,000 3,629,995,000

F o r 1 8 9 0 -9 7 .
2,835,000
4,017,000
Takings by spinners...bales
6,852,000
A verage weight o f bale&.lbs
498
477
485-8
Takings in pounds................ 1,412 059.0O0 1,916.299,000 3,328,358,000

According to the above, the average weight of the deliverie s
in Great Britain is 508 pounds per bale this season, a g a in s t
498 pounds during the same time last season. The Coatineu'.a 1
deliveries average 489 pounds, against 477 pounds last y ear,
and for the whole of Eurooe the deliveries average 496’7
pounds per bale against 485'3 pounds last season.
Our
dispatch also gives the full movement for this year and last
year in bales of 500 pounds.
Oct. 1 to Aug. 1.
Bales o f 500 lbs. each,
000s omitted.

1897-93.

1896-97.

Great
Britain.

Conti­
nent.

Total.

Great
Britain.

Spinners’ stock O o t l.
Takings in O cto b e r...

31,
245,

256,
239,

287,
484,

24,
249,

277.
240.

301,
4S9,

Total snpply.........
C m s ump. Oot., 4 wks.

276,
256,

495,
336,

771,
592,

273,
1 256,

517,
328,

790,
584

Spinners’ stock Nov. 1
Takings In November.

20,
318,

159,
377,

179,
695,

17,
300,

189,
407,

206,
707,

Conti­ Total.
nent.

Total supply.........
Cons ump. N ov., 4 wks.

333,
256,

536,
336.

874,
592,

317,
256,

596
328.

913,
534,

Spinners’ stock Dec. 1
Takings in December.

82,
372,

200.
584,

282.
956,

61,
1 381,

268,
513,

329
894,

Total snpply.........
Goneump. Dec., 5 wks.

454,
320,

784,
420.

1,238,
740,

412,
320,

781,
410,

1,223,
730

Spinners’ stock Jan. 1
Takings In January..

134,
322,

364,
503,

498.
825.

1 122,
301,

371,
380,

493,
631.

Total supply.........
Cons ump. Jan., 4 wks.

456,
264,

867.
348,

1,323,
012,

423.
250,

731,
340,

Spinners’ stock Feb. 1
Takings In February.

192,
302,

519,
453,

711,
755,

167,
279,

391,
417,

538.
698,

Total snpply.........
Consump. Feb., 4 wks.

494,
204,

972,
348,

1,466.
612,

446,
256,

808
340,

1,254,
590,

8pinners’ stock M ck.l
Takings in M arch.......

230,
442,

624,
495,

854,
937,

190,
396,

468,
408,

659,
804

Total supply........
Consump. Mar., 5 wks

072,
330,

1,119,
435,

1,791,
765,

586,
320,

870,
425.

1.46 2,
745,

Spinners’ stock Apr. 1
Takings in A p ril........

342,
271,

6S4,
371,

1,026,
612,

26*3,
| 243,

451,
413,

717,
661,

Total su p p ly .......
Consump. A pr.,4 wks.

613,
264,

1,055,
348,

1,663,
612.

514,
249,

864,
340,

1,378.
583,

8pinners’ stock May I
Takings in M ay..........

349,
299,

707,
578,

1,056,
877,

1 266,
245,

524,
441,

790,
636,

Total supply.........
Consump. May, 5 wks

648,
330,

1,285,
435,

1,933,
765,

511,
310,

965,
425,

1,476
735,

I

1,154
596

Bplnners’ stock June 1
Takings in June.........

318,
220,

850,
377,

1,168,
597,

201,
215,

540,
343,

741.
558,

Total supply.........
Consump. June, 4 wks

538,
204,

1.227,
348,

1,765,
612,

416,
232,

883,
340,

1,299,
572,

Bpinners’ stock July 1
Takings in J u ly..........

274,
214,

879,
278,

1,153,
492,

184,
210,

543,
290,

727,
500,

Total supply........
Consump. July, 4 wks

488,
264.

1,157,
348.

1,645,
612,

394,
248.

833,
345,

1,227,
593,

Spinners' stock Aug. 1

224,

809,

1.038,

146,

488.

G34,

In N ovem ber...........
In D ecem b er....... .
In J a n u a ry..............
In February ............
In M aroh..................
In A pril.....................
In M ay......................
In J u n e ....................
In J u ly......................

1896-97.
Total.

Great
Britain

Conti­
nent.

256,
4,255.

287,
7,260.

24.
2,824

277.
301,
3,832, 6,656,

4,511,
3,702,

7,547,
6,514

2,848.
2,702

4,109 6,957,
3,621, 6,323>

809.

1,033

146

Conti­
nent.

84,0
84,0
84,0
87,0
87,0
87,0
87,0
87,0
87,0
87,0

64,0
64,0
66,0
66,0
66,0
66,0
66,0
66,0
66.0

634,

488,

64,0
64,0
64,0
64,0
64,0
64,0
64,0
64,0
64,0
64,0

148,0
148,0
148,0
153,0
153,0
153,0
153,0
153,0
153,0
153,0

Total.

82,0
82,0
82,0
85,0
85,0
85,0
85,0
85,0
85,0
85,0

146,0
140,0
146,0
149,0
149,0
149,0
149,0
149,0
149,0
149,0

The foregoing shows that the weekly consumption is now
153,000 bales of 500 pounds each, against 149,000 bales of like
weights at the corresponding time last year.
The total
spinners’ stocks in Great Britain and on the Continent have
decreased 120,000 bales during the month, and are now 399,000
bales more than at the same date last season.
T h e A g r i c u l t u 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 .— The
following statement, showing the condition of cotton, was
issued by the Department of Agriculture on A u g. 10:
Taking the entire cotton-producing leg ion as a unit, the condition o f
the orop on A ugust 1 was exaotly the same a s on’ ,!uly 1, namely, 91-2.
This is 4*3 points higher than on A ugust 1, 1897, l l ’ l points higher
than on August 1, 1896. and 5 ’8 points higher than the August aver­
age fo r the last ten years.
During July there was an im provem ent o f one p oint in Georgia,
three points in N orth Carolina, lour p oints in Alabam a, live points in
Tennessee and Indian T erritory and six points in Oklahoma. On the
other hand, there was a deoline o f one p oint in T exas aud South Caro­
lina and of six points in M ississippi, the deoline in the last-named
State being the result o f excessive rains. In the condition figures fo r
Louisiana and Arkansas there has been no okange.
The averages fo r the States are as follow s: Virginia, 94; North Caro­
lina. 90; South Carolina, 89; Georgia, 91; Florida, 87; Alabama, 95;
Mississippi, 88; Louisiana, 90; T exas, 91; Arkansas, 93; Tennessee,
9 7 ; Missouri, 90; Oklahoma, 98; Indian Territory, 91.

The June, July and August averages, compared with the
June, July and August figures of previous years, are as
fo llo w s:
1897.

1398.
States.

2

V

A

•5
V irg in ia ___
No. Carolina
8o. Carollua
G eorgia.......
F lorid a.......
Alabama___
Mississippi..
Louisiana..
Texas...........
Arkansas ...
Tennessee...
M issouri___
Oklahoma ..
Indian T er..

86
86
85
89
76
89
91
891
89
90
90
96
82
80(

93
87
90
90
83
91
94
90
92
93
92
87
92
89

94
90
89
91
87
95
88
90
91
93
97
90
98
94

87
84
87
84
90
81
76
84
87
83
77
90
72
85

87
90
80
85
80
85
81
89
88

88

80
95
82
93

1895.

1896
0

_=S>

•S*

99 91 87
97 99 100
92 97 98
95 95 94
88 85 90
88 103 98
85 104 100
90 91 100
7H 92 80
100
90
84 118 107
85 92 90
86
92
. 94

102

C3>
2

June.

A ugust 13, 1898.]

86
93
88
92
81
93
78
70
69
65
89

67 100
61 74
72 84
82 88
92 93
85 83
88 86
85 77
79 76
89 93
87 92
89
70

....

Average .. 39-0 91-2 91-2 83 5 86*0 86*9 97*2 92*5 80-1

5ft

5*
81
74
81
87
92
81
83
71
71
80
89
86

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

8io 32-3 77-9

The August first averages in earlier years for all the States
were, according to the Agricultural Department, as follows :
91-8 in 1894; 80-4 in 1893; 82 3 in 1892; 83’9 in 1891; 89’5 in
1890; 89’3 in 1889; 87-3 iu 1888; 93’3 in 1887; 81 ’3 in 1886 and
98-5 in 1885.
C h a r l e s t o n ’ s F i r s t B a l e . — The first bale of new cotton
raised in South Carolina reached Charleston on Wednesday,
August 10, or seven days later than in 1897. It graded fully
good middling and came from Bamberg. In 1897 the earl­
iest arrival at Charleston was on August 3, in 1896 on July
30, in 1895 on August 21 and in 1894 on August 15.
J u t e C r o p o f B e n g a l f o r 1898.— Under date of Calcutta,
June 30, the Director of Land Records and Agriculture of
Bengal issued the first forecast of the ju te crop as follows:
The present report em braces returns from 26 districts iu whioh ju te
form s an im portant orop. Jute is also grow n elsewhere, but to suoh
a smalt exten t that the area cultivated outside these 26 distriots m ay
be left out o f consideration. In January-the rainfall in most o f the
jute-growing districts was in excess of the norm al. In February rain
was soanty in all lute distriots, except In parts o f North Bengal and in
Maid a. In March and April the rainfall was generally dellcleut, and
iu May it was a little below the norm al in most parts o f the pio\ ince.
During the first half o f June ralu was m ore or less general
over the province.
Aeeorillng to the t e a s e d estimates the
total uormal area under jute amounts to 2 ,^ 4 ,3 0 0
1 no
total area sown witli ju te during the current season appears to
amount to 1,670,100 acres, against 2,117,400 acres sown in 1897.
The decrease iu area, amounting to 477,300 acres (22 per oent), is lu e
partially to the deficiency of rain during the sow ing season, and parti­
ally to tile low prices of.jute last year and to the hl8h prices o f p M d y
which have Induced many cultivators to grow the latter crop in pref-

330

THE CHRONICLE.

eroneo to Jute. Tbia reduotiOQ in a m i is com m on to all the m ore linportant jutC’ growiQfi ulutrlcts. the aamo cauuus Loins; rasI^ uluI by the
e o U e ^ o ii o f ID Ujo«^ distrlciis. I t la doubtful, perliApa, whether the
natural oxpanslou o f ju te cultivation baa not to smac exten t counterb-U-uicod the dt4ouura>;cmoiit osiueU by the low prices o f last year; but
a* far ** eoii
at prcacut there hat been a oonsldoraible eoutraction to area, which tbouid canto a marked reitnoilou in out*
turn in the prr>ant jo u r. The prospect* o f the crop do not a p ­
pear ao far u» be at favorable as those o f last year.
It
m ay bo roughly estim ated that the outturn will prove 90 per
cent o f 4 normal crop Tue outturn last year w a- estimated by thla
department at 100 per cent, ov e r a larger area, H shout l bo noted,
how ever, that the present rains are doing umou good to ths standing
lute, and Jf the weather continues favorable far the next two months
and floods do no? dam age the crop, there m ay be some improvement in
the outturn. T aking into Consideratlou the estimates o f area nod out­
turn a« now fu m h iiotl, and assuming 1 .2 j0 lh», per acre to bo tboe&tl
mate of norm al outturn, that b , o f a 100 nor cent cron, the gross o u t­
turn of the
^Ca-'Oip* crop m a y b e o -ti liratea nt 43 lakhs o f
bales. It w m be u n derstool that tills b a rough estimate based on
the inform ation available to this department, and, If. as stated above,
the frcasoa continues favorable, the outturn m ay exceed this amount.
It m ay be also stated that from reports received-from district ollioera
it would appear that a fa irly large quantity o f Jute Is left In the d U
txiete from urn crop o f 1397.

Tae

f o l l o w in g a u e

Q

the

bobs

R

e c e ip t s

of

C otton a

N jw Y ork, Baaton, Philadelphia and B a ltim o re fo r the pas
week, \ n l since Septem ber 1, 1807,
H lW YORK.
Receipt*
from—
K. Orleans-.
T exas.........
6 at aim'll Ac
Mobile .......
F lorid a -....
Go. Carolina
No. Carolina
Virginia.. ..]
Worth, purta
Tuna.. Ac...
Foreign..—
T o ta l......
L a *t rear....

BOSTON.

Thit
Nine#
Thit Since
U4*k. Sept. 1. vet* . S tp t.l.
1.465
553

PBILADILPH'A
Thit
*>«*.

Since
Thit
Sept. 1. U lll.

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

581.582
320.681
280,1 Id

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

70,773 ........
115,250, .....

......
5,010
8SS 57.130 ........
...... .
16.177
7S.485|
4,569(
esa
7 121,201
386
223
861
21,011]

...........
83.113
105,190
176,054
223.803
51,909

2.197 1,283,8011 2,143| 835,881
3,aC0 1,*70.680 2.741 593,424

Baltim ors .
Since
Sept. 1.

...... .
. . ... .
201

63,883
.....

. .... ...
641
6.707
83.776
1,600

.......
175
1,891

92,787
68,231

1,500

179,089

163

76,376

........!
3,8 >6 319,949
278 272.70<}

Thermyrrutvr
Average*

N. Ca b l in g
1898.........

1898
1897 (fu ll).
1 8 9 0 (g o o d '
1895 (good)
1894 (fa ll)..
1893 (g ood *

A lab am a .
1897 ( fu ll!)
1 3 9 0 (good)
1895 (good)
i m i (fu iic .
1893 (good )

LOUISIANA.

1898

1897 (fulJ).
1896 (good)
1 8 9 5 (good)
1894 i full;..
18*3 (good )

MISSISSIPPI

1
43*2
43*2
48*2
41*8
38*4
41*9

Julu.
«• • A 1
■s 1 K
in 1 4

<6

e-oi

.‘ | 2*87
10
3 76
11
j 1*61
0
.
6 36 ' 13
.
1*98
8
174
0 1

4*32
2 08
5*04
3U5
4*37
444

10
a
13
li
11
lb

! 379
• 350
1 5*70
314
2*03
5*57

10
13
16
10
9
12

4*63
0
3*59 1 9
143
0
11
593
1*44 ■ 7
1*08
; B
4*10
0
10
4*03
1*60
7
0
5*12
1*01
0
2*40
6

1*02
1-50
2*30
5*02
2*38
3 85

4
a
0
10
11
11

3*25
4*70
-PT8
1 3*30
2*72
9*60

9
12
13
8
9
15

ir89
5*09
320

11

0 90
1*22
2*91
3*42
8*10
3 69

2*74
S'19
8-86
4*81
4‘0H
0*35

8
13
17
10
8
12

8*48
6*31
7*31
5*03
9*10
3*51

10
12
16
12

1 3*27
5*36
! 10*48
5*41
4*00
«*54

9
13
17
10
13
14

8*36
5*48
8*83
8*73

9*36
4*08

17
13
17
19
.
14

5*50
5*66

15
9

11
12
10

9*86

15
13

6 98

7*15

11
9
19

1*34
6*9)
i-CKi
4-H
1*2S
2*86

6
10
3
10
5
4

1*22
3-21
2-23
3-88
286
8 74

3*28
5*13
3*48
3*28
3*58
3*73

7
l'J
0
S
8
8

0*78
2*40
2-51
2-73
308
6*87

3
4
7
n
8
11

3-22
2*61
4*96
6*96
2*58
4*75

9
7
12
12'
9
14

307
8-34
4*45
1*65
4*15
3*39

7
7
4
3
8
4

1*41
2*12
2*74
5-93
2*02
5*10

4
6
5
11
5
10

7*16
4*06
4*53
8*03
3*03
0*05

10
9
0
10
9
10

4*20
2*57

8*32
2*44
340
2*13
3*80
4*07

0
7
4
0
0
0

1*58
1*67
2*29
309
3-16
8*27

4
4
0
8
6
8

6*15
2*23
512
6*09
2*50
5*30

11
4
9
12

14

7

5*30
5*35
2 04
3*9$
5-77
838

2*99
4*63
8*56
1*06
5*82
8*24

11
It
7
8
10
0

6*37
2)1
8*14
3*19
3*07
10-34

8
6
8
11
10
11

2*71
3*37
2*17
6 40
0*01
0*08

9
9
8
14
4
1J

3*60
2*37
2*06
6*90
5*02
3*37

10

8*04
5*84
3*42
2*64
5*01
5*14

9
13
10
9
7
11

8*95
2*11
3*28
0*93
3*18
9*38

s
8
10
7
0
12

3*48
2*02
2*35
1*73
2*98
3*04

10
9
10

4*78
4*65
5*00
7*00
4*33
3*22

2*50
1-98
1*07
1*52
3*42
2 59

5
7
ft
0
8
4

2*64
4*22
2*01
8*31
2*43
5*07

4
9
4
11
5
8

5*31
2*85
1*78
5*37
3*65
410

12
0
5
11
7
7

Florida.

1898___ ..... ....
1897 (full).........
1890(good).......
1885 (good).......
189*1 (tall).......
1803 (good).__ ,
A labam a ,
1398......... ........
189? <ruin ........
1890 (gjod)........
1895 (good).
1894 (fall) .........
L ) HI HIANA,

1898......... ........

1895 (
1894
.... " {&__ : : : :
1893 (good)..
M is siss ip p i ,
1898...................
1897 (fall).........
1893 (good)..__
1895 (good)......
1804 (full),........
1803 (good),..,,.
A rk an sas .
1808....... ...........
1897 (fa ll)......
1893 (good), ....
1895 (good).......
1894 (fall).........
1893(good).......
1898 .................
1897 (fu ll).......
189d (good)........
1895 (good)...,..
1894 (fu ll)........
1893 (good)......

17
14
15

0 97
5-40
5*49
3*96

5
i
10
12
0
»
4
6
8
13
8
»

.|

1690(good).......
1895 (g.iod).......
1891 (full).......
1-93 .good).......

T ennessee,

4 ’o 9

I

7-69

4*8L
4*50

$*70

2*77
5*70

5*27
2*50

15

S

10
12
12
15

12
10
9
12
11
11

8
4
11
8
7

50*6
Oil’S
62 8
6n
59*2
63*0

77*7
78*6
78-1
76 0
78*3
73*7

60*ft
62*6
64*)
63*4
59*5
65*8

orop for the year was full orizood.
7V8
80*2
T he E xpobts of Cotton f r o m N e w Y o r k t h is w e e k s h o w a
8i*y
796 d ecrease c o m p a r e d w i t h l a s t w e e k , t h e t o t a l r e a c h i n g 3 ,5 0 7
7 r*o
B e lo w w e g i v e cur
84*6 b a le s, a g a i n s t 11,7 9 0 b a le s l a s t w e e k .

03*8
08*8
«t.<!
900
08*5
92*S

60*8180*4 97*2
50*4 7 re 10 >*6
58*0 79*1 07*0
57*0 78*4 9VH
5l*o 77*2 91*6
61*3 70*0 90*8

30*3
41*7
89-0
39*4
40*8
44*0

59*7
631
6 7*0
63*6
01-4
01*7

97*9
01*7
03*8
91-6
91-2
910

43*2
48*7
57*6:
•19 (
43 0
51*3

74*3
70*5
77*1
70-0
71*4
69*0

93*.
0y*O
w;*a
91*1
96*2
01*5

65*0
60*3
59*0
6 *3
56*U
62*0

87*8 44*H 69*3
........................

04*3
90-5
01*3
89 8
OL-o
930

52*8
53*0
56*5
573
48*3
568

78*7 04*0 61*5 80*4
73*0 06 3 680 81*0
77*1 03*3 s o 7 pi
?)*«
74*8 04 S
7 *’ I 98*2 6i"4 77*0
74*8 93*3 66-8 79*4

T exas.

1898
.......
1897 (full)..........
1896 (good)........
1895 (go id),.....,
1894 (fa ll)........
1893 (good).........

7
7

2*54

1*25

8* ;</
2*'5
2*75

> 0*99

moan tout; the aggregate

u su a l t a b le , s h o w i n g t h e e x p o r t s o f c o t t o n f r o m N e w Y o r k ,

79*8 97 3 59*5 79*9
80*7 K«yo 6/7 82*7 an d t h e l i r e c t i o n , f o r e a c h o f t h e l a s t f o u r w e e k s ; a l s o th e
76‘i 09 ) 6 /8 80*8 to ta l i x p o r t s a n d l i r e c t i o n s i n c e S e p t . 1 , 1 8 9 7 , a n d i n t h e la st
70*1 04*4 60*7 81.3 c o lu m n t h e m e a l f o r t h e s a m e p e r i o d o f t h e p r e v i o u s y e a r .
7V5 tm*3 62’ 4 7V7
77*6 0*3 . 69 1 82*9
e x p o r t s o e o o t t o n ( b a l b s ) r a o u s a w i o k k s in c e s e p t , i , 1897 .
93“7
W3"H
04*H
9 4*8
0.*o
06*0

6V7
68*0
66*0
6 f*7
69- j
63*d

80*7
81 8
80*6
80*3
70 7
8.’*0

85*2
8VH
83*0
37*6
88*6

47*5
Wz
49*0
49*8
50*6

09*1
70 8
67*1
69 8
7i*6

81*0
85*0
SH-i!
fi.H*n
88*6
83*7

32*0
382
wro
40*0
41*2
453

60 8 01 4 40*6 74*0
03*6 89*8 45*0 6 <T6
69*0 03*8 5v»5 76 4
63*ti 91*5 46 H 7u*6
00*2 92-7 46-3 72*8
68*2 928 600 72 8

95*8
100*0
94*2
08*4
93*2
98*1

81*4
60-0
50 ^
64 6
66*0
61 3

80*4 0VO 01*8 80*0
8l*a 90*2 6j*1 81*6
77"! 90-8 0tj*6 81*2
79*u 05*0 86*3 860
73*8 01*0 60*0 70*8
7S*j 1)1*5 68*5 85*0

74 9
71 8
77 U
71-1
71*0
73-3

04*8
iu*3
07*8
04.3
OHl
95*8

67*8
6.-0
60*6
64.1
5V2
64*6

80-3 09*0 58*0 81*8
70*0 09*6 6 /3 83*3
79*6 100*5 61-3 83*5
7u-l 97*8 68*0 8V5
77*1 1 0-6 62*.n 800
70*4 u;*a 67*8 83*0

66*4
63*0
00*2
08 3
70 1

ra in .

94*8
95*;
9 *f
9i*e
Old:
06*8,

74*7
76 )
733
75*2
74*1
73*J

48*0 TUI
45*r ( 69*6
52*2 77-4
43*4 69*4
42*3 71*2
47*9 70*2

4 *3
4 4*0
4T2
400

fa ll.

58*7
58*8
57(1
54*0
•17*0
b8.i

99*7
ura
9 VO
U3-3
91*3
92*3

8* *8
87*5
&'*«
ft8\£
8i-*j

Rain­ Days

Dayt
rain.

89*7
94*c
91*4
07*4
94*8
Sr 6

582
02*5
eo a
01*6
02*7
07 2

47*4
513
6J*5
5)*0
4V4
53*2

1898.............
1897 (full).
1890 (good)...
1305 (good)...
1894 (full).....
1893 (good)...
G gORGXA.
1898
..

Rain- /At Vi !; Rain- Dayt
fail. rain. | fall. rain. j faU.

es-8
66*2
74-8
64*8
68-2
660

34*0
5tt)h
8?‘H
36*8
HH*0
41*0

03*8
89*6
0V4
0801*8
01-8

180? (full), ..
1396 (good)...
1805 (good)..
1894 (full).-,.
1893 (good)...

July.

June,

Ma*

g
**5

550 i 91*4
58*5 ! 8rg
62*7 ove
57*9 1 91*6
57*1 90*S
625 B8‘0

..................
81*5 33*0 63*1

1393.............

.

*
£
tu

g

30*6
81*8
32*8
HlTi
3l*tt
36*6

82*0
*4*2
90*4
1895 tgood) 81*2
18fH (fu ll). 81*2
1393 lg.>od) 87*0
&, Ca r ' lina
83*1
IS 88..........
1897 (fu ll), «5*H
1396 (g o o d ) Bj'0
■BtSiS (g o o d ) 83-H
184* (fall).. *8*5
1383 (good) 830
G xobgia .
83*3
1 8 9 7 'f a il).‘ 8 .*7
1896 (e o o d i 90*7
81*3
(good)
1894 (full).. 87*6
1883(good ) 87*3
1*97 (fu ll)..
1896 (g o o d )

FLORIDA.

s
&3

Jane.

1
1

April.
R a ( n fa ll A v e r a g a

1890 (go4d) .....

175

May.

The rainfall averages are as follows

1897 (full)......

........

A Y 2 3 a i s s OF l'EiiFKRXTURE a \td R XINFA.LL,— A s o f L nterest
i n c o n n e c t io n w it h o u r m o n t h ly w e a t h e r r e c o r d , w e l u v e
p re p a r e d th e s u b jo in e d ta b le , w h ic h s h o w * th e S :a t e a v e r a g e s
o f t h e r m o m e te r a n d ra in fa ll in A p r i l , M a y J u n e a n d J u l y ,
f o r s ix y e a r s , 1893 to 1898.
April.
•
7>
s
23
•3

[V ol . LXU 1,

8 VO 33'fJ 60 7 04*0 46*1 71*5 s i s 68*3 8)4 07-0 64-5 80 9
1897 (fa li)! 87 0 39 0 o r? 8-J*8 40*4) 69 5 w; k 5V5 HO-4 liX>*7 6J-8 82*y
1896 (g ood i 88*5 38 7 682 01*2 58*. 76*3 08 8 58*0 787 102-5 6/7 82*8
88*0 63*0 9i*0 43 8 69*7 07*2 6) ii 78 8 9 I’O 65*0 80*6
18£>5 (good)
01*4 91 0 42*7 t>r~ 09*;. 42*7 76'6 tuirr, 69*3 70 t
1894 (fu iR . ss-it
1893 (good ) 80*7 40*5 0J*4 02*0 47*7 71*4 08*8 60*1 7 7*1 00*1 oyji 81 3
Am avsas.
71*3 935 63-8 78*1 05 5 59*0 70*1
vm .......... 8>2 a r i 58*6 B1-* 45*6 G7‘5
93*0 6.$*4 77 O' 99 6 57*6 81*6
82*0 38*0 00*4 80 A 45*8
1897 (fll l)
0 *«» 54*4 7 7-4! 102*6 5 -**0 83*3
1896 (good ;! 88*2 3i*4 ftV.i 04*0 64>
7 ro 0 ?*V 62-2 78*8
1 8 9 5 ;g o o d i 50*4 85*0 02*0 01*8 426 67 0 05*0
18H-I ffa ll).. 88*0 38*2 08V 0 j*2 41*8 8»*w 1 ‘On 4 V0 77U 1 12*0 57*6 7a 3
1893 (g ood ) 89*0 3 j*»J 0*'C 88*6 48*8 Oi’ jj 03*fe 51*6 7i*l! Utta 646 80*5
Tl.V.VCSf.'UE.
1893....... sro 82*7 560 89*3 42*3 80 4' 93*7 0«>7 77'«! 0J*7 oo-'ll 78*1
1897 ( f a l l ) , 837 40 3 006 87*0 48*0 67*1 93*0 65*0 77‘4 99*0 O n 81*3
1696 (gOOd l 80*3 8i#'3 6.V2. oro 5 >*7 7V2. 93*0 5 i*6 77-l! 07*6 6 V0 HiJ'H
o n 68-0 77-0 94*8 63*3 WO
1895 (good , 8;*0 35*0 64*2] 0V5 469
80*0 60*4 H0 0 11*3 0"2 07*H )5‘i 7-VO 05*6 81 0 76 1
1894(1011)..
1893 (good ) 86*5 31*3 62*5 89*0 45*8 80’5 88-9 56‘8 74*0 96 6 05 2 8/6
T ax a s.
1898 ..... ; «7-6 40*9 65*7 03*3 4V0 74 :» 94*3 06*6 80*4 09*6 851 82*3
1897 ( fu ll). 87 0 42*7 00-3. 0 .*4 51*8 73*3 looo 6H*6 80*3 102*1 05-0 85*1
40-1 6W1 0 /7 5 9 ' 770 09*0 070 HI 2 90 4 60*1 H4*2
1896 (g ood
60 1 72 7, 04*4 61*8 79 6 »;*9 67 1 83 l
1195 (good.1 57*8 89*7 00*0
1891
91*Cr 47*1 70*2 01*2 52C 75*0 07*0 50 i 79*3 1 ■»*« 04 0 81*1
_ 1.893 (g o o d ) i'1'5 13*1 70*9 i 0i‘4 49*1 73 9 07 1 61*0 797 W7(* 7*»3 85" J
* and #*good” follow ing — „ — ~ 0 — ____ __ ^
L ^ “ f tie words
m a n s l u p t y t h a t t h e aggregjite crop for the year named was full or

TFerte E n d in g —
E xp orted to—

Total
tin ce
Sept. 1.

Same
p eried
p revicu s
year.

July
22.

J u ly
29.

A ug.
5.

L iv e r p o o l...................
Other B ritish p o rts ..

103
1,872

6,612
270

6,556
200

512
1

279,4801 221.473
83,420 112,197

T o t . to G t . B b it ’ n ,

1,775

6,882

6,756

513

362,900

333,670

50

969

100
.........

50,327
2,950

3ft 1.9 s
*350

53,277

38,545

110,724
28,357
40,237

82 5S7
30,239
38,961

Other F renoh p o rts..
T o t a l F r e n c h ___

Other p orts.................

so

969

103

1,132
'600

4,202
232

1,188
300
605

1,732

4,434

2,093

179,313

151,787

..... ......

103,159
34,161

137.892
4,185

.........

T o t . to N o .E u r o pe
Spain, Ita ly , & o.........
\U o t h e r .....................

S03
15

832
614

T o t a l S p a in , &c ..

31S

1,446

Gra n d T o t a l —

Aug.
12.

500

901

500

901

137,320

142,077

2.143 11.029 11,790

3,507

732,815

666,079

S hipping News .—A s shown on a previous page, the
exports of cotton from the United States t he past week have
reached 16,094 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
Total bale>.

Ne w Y o r k —'To Liverpool, per steam er Nom adic, 512.................
T o Manchester, per steam er l-laxman, 1 ..............................
T o B rem en,por.steam ersK oenigen I.uiso, 7 0 0 ___Lalm, 488
T o Hamburg, por steamer Hlspanla, 3 0 0 .................................
T o A ntwerp, per steam ers Nasm yth, 50 5___Westeruland,
100...................................................................................................
T o G uoa, per steamer Alter, 801...............................................
T o Naples, per steam er Auer, 100................................... .-------Ne w O rleans —T o L iverpool—Aug. 1 1 —Steamers Barbadian,
1 0 0 ___Vesta, 2 ,4 0 4 ,.-,.................................................................
To Hamburg—A ug. 5—Steamer Trongatc, 150........................
To Genoa -Aug. 5 -S team er Ctttu di Palermo, 7,8 35............

012
1
1,188
300
605
801
100

2,504
150
7,835

THE CHRONICLE.

A ugust 13, I8«s |

331

Total bales.

prices have ruled in favor of the buyer. Sales made h a re
been almost exclusively of peddling lots as the home trade
has confined its purchases close to actual requirements and
Aug. 6—Steamer Norseman. 11................................................
22 the export demand has been flat. Bye flour has been in m od­
B a l t im o r e — To L iverpool—Aug. 1 0 -S team er Ikbal. 9 3 ............
98
To B re m e n -A u g . L0-Steam er Maria Rickmers, 603............
603 erate demand at steady prices. Corn meal has bad only a
limited sale but supplies have been offered sparingly and
T o ta l................................................................................................... 16.094 values have held to a steady basis.
Speculation in the market for wheat futures has been on a
The particulars of the foregoing shipments, arranged in
very modera'e scale, and prices have gradually weakened.
our usual form, are as follows.
The sentiment of traders generally has appeared to be bearish,
Great French Ger- ^-Oth.TTrope—. M exico,
BriVn. ports, mang. Worth. South.
<£c. Japan. Total. dne to the now practical assurances of a large yield from the
901
605
N ew Y ork .
513 ......... 1,488
3,507 present crop. The movement of winter wheat from farmers’
7,935
N. Orleans. 2,504 .........
150
10,139
hands, however, has continued very moderate, as they gener­
...................... 1,275
G alveston.
1,275
100
Savannah.. .....................
100 ally have been slow in marketing their crops at ruling values.
B oston . . . .
22 .....................
22 The monthly report by the Government’s Agricultural Bu­
B altim ore.
93 .........
603
701 reau was slightly better than had been generally expected.
Saturday there was a moderately active market and prices
T o t a l.... 3,137 ......... 3,616
605 8,736 ...................... 16,031
** To Japan since September 1 shipments have been 131,519 advanced l @ l l4"c. on the continued light movement of the
bales from Pacific Coast, 8,700 from New Orleans, 36,029 bales crop, a good cash demand and strong foreign advices.
Monday the market was easier under free offerings,
from Galveston. 7,100 biles from Pensacola, 4,500 bales from
prompted by talk of indications of a freer movement
Mobile and 29,024 bales from N aw York.
of the crop and the favorable crop prospects, closing
Cotton freights at New York the past week have been
1 @ 1JijC.
lower for the day.
Tuesday prices were
as follows.
again lower in response to weaker foreign advices and ag­
gressive selling by bear operators. Toward the close there
Satur.
Mon.
Tuet. Wednes. Thurt.
Fri.
was a partial recovery, due to an active export business,
151
151
closing at a net loss for the day of %o. Wednesday prices
L iv erp o o l............ c.
15t
151
15t
151
further declined
Early in the day there was a firmer
H a vre...................c.
%
%
%
%
%
%
221
22t
22t
tone in response to stronger foreign advices and the contin­
221
22t
B rem en............... c.
22t
ued small crop movement. Subsequently, however, there
25t
251
25t
251
25t
H am bu rg............ c.
251
developed increased pressure to sell and prices declined.
301
301
30t
A m sterdam .........c.
30*
30t
30t
After 'Change the Government report was mad9 public;
....
....
....
....
R eval, v. H am b..c.
....
....
it was better than expected and on the “ curb” prices weak­
....
D o v.B rem ’n.c.
....
....
....
....
....
ened slightly. Thursday there was moderate buying by
33t
33f
D o v . H u ll...c .
33t
33t
331
331
shorts to cover contracts and the tone of the market held
301
30t
30t
301
301
301
R otterdam .......... e.
steady, prices for the day being %c. lower to }£c. higher.
30t
301
30t
301
G e n o a ................. d.
30t
30
To-day the market was firmer on limited buying prompted by
321
321
32t
32t
32t
32t
Trieste.................d.
stronger foreign advices and the continued limited movement
A ntw erp............. d.
%
%
%
%
%
of the crop, closing at an advance of J^@lJ^c. The spot
5oa
Ghent,v. A n tw ’p.d.
532
532
S33
532
market was moderately active and firmer. The sales for
t Cents net per 100 lbs.
export here and at ontports were about 300,000 bushels,
L i v e r p o o l .— B y c a b le f r o m L iv e r p o o l w e h a v e t h e f o l l o w ­
principally N o.',2 red winter.
G a l v e s t o n — To Hamburg—Aug. 10— Steamer Loch Tay, 1,275
8 a v a n n a h — To H am burg—Aug. 1—Steamer V ictoria, 100.........
B o sto n — To Liverpool—Aug. 2—Steamer Lancastrian, 11___

1,275

100

i n g s t a t e m e n t o f th 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.

July 22.
8ales o f the w eek.......... bales.
Of w hich exporters t o o k ...
Of w hich speculators took.
8a es A m e rica n .............. h
A otua e x p o r t.................
F orw arded.......................
Total stock—Estimated..........
Of which A m erican—Estm’d
Total im port o f tlie w eek....... I
Of which A m e rica n ...
A m ount afloat.................
Of which A m erican ...

July 29.

51.000
2,700
100
49.000
5,000
60.000
995.000
910.000
19.000
13.000
24.000
17.000

A ug. 5.

54.000
1,600
100
50.000
6,000
51.000
9 49,000
866,000
10.000
6,000
28,000
13,000

43.000
1,200
500
40.000
5.000
44.000
909.000
825.000
9.000
3.000
45.000
40.000

A ug. 12
58.000
900
900
54.000
3,000
55.000
975.000
789.000
24.000
14.000
33.000
29.000

The tone of the Liverpool market for spots and futures
each day of the week ending Aug. 12 and the daily closing
prices of spbt cotton, have been as follows.
Spot.

Sat'day. Monday. Tuesday. Wed'day. Thursd'y Friday.

Market, ) Qaiet bat
steady.

1 :4 5 P. M. J

Steady.

Quiet ant
Arm.

Fair
business
doing.

Easier.

3%

31733

31Taa

10,000
500

12,000
1,000

Mid. TJpl’ ds.

315*2

81*32

Bpee. <&exp.

8,000
500

10,000
500

Quiet.

Quiet.

3teady al
1-64 de­
cline.

Steady.

Quiet.

Quiet but
steady.

Quiet.

Barely
steady.

Futures.
M arket, {
p. m. (

1 :4 5

M arket, ?
4. P. M. j

8.000
500

Br’ly st’dy
decline.

Easier.
3%
10.000
1,090

Steady.

Quiet.

Easy.

The prices o f futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
p a r The prices a re given in pence and QAths.
3 6 3 -6 4 d., and 4 01 m eans 4 l-64<2.
Aug. 6 to
A ug. 12.

A ugust........
A ug.-S ep t...
8ept.-O ot....
O oL-N ov—
N ov-.D eo. ..
P eo.-Jan___
J a n .-F e b ....
Feb.-March,
M oh.-April..
A p ril-M a y ..
May-J une...
Jnne-Tnlv .

S a t.

U lo n .

T h u s:

T a e». I W ed.

3 63 mean s
F r l.

T h a r is ,

121* 1 1 :45 f 4 1 :45 4 1 :4 5 1 4 1:45 4 1:45 4
P.M. P. M. P.M. P.M. P .M . P.M. P. M. P .M . P .M . P .M . P .M . P .M

d.
3 24
3 23
3 21
3 21
3 20
3 20
3 20
3 21
3 21
3 22
3 23

d.
d.
d.
3 24 3 25 3 26
3 23 13 23 3 24
3 21 Q
3 fJI
21 3 22
3 21 3 21 3 21
3 20 3 20 3 21
3 2 0 13 20 3 21
3 20| 3 2013 21
3 21 ,3 21 3 21
3 21 3 21j3 22
3 221 3 22'3 22
3 23: 3 23 3 21

d.
3 25
3 24
3 22
3 21
3 20
3 20
3 20
3 21
3 21
3 22
3 23

d.
3 26
3 24
3 22
3 21
3 20
3 20
3 20
3 21
3 22
3 23
3 23

d. I d.
3 27 3 26
3 26 3 25
3 24 3 24
3 23 3 22
3 22 3 21
3 22 3 21
3 22 3 21
3 22 3 22
3 23 3 23
3 24 3 24
3 25 3 24

d.
3 25
3 24
3 22
3 20
3 19
3 19
3 19
3 20
3 21
3 22
3 22

<f.

3 25
3 23
3 21
3 20
3 19
3 19
3 19
3 20
3 21
3 21
3 22

d.

3
3
3
3
3
3
3
3
3
3
3

25
23
21
20
19
19
19
20
20
21
22

ti.

3 23
3 22
3 19
3 18
3 17
3 17
3 17
3 18
3 18
3 19
3 20

DAILY CLOSING PRICES OP NO. 2
Sat.
Won.
71%
September delivery___ o. 73%
December delivery........e. 71%
70*2

RED WINTER WHEAT.
Tuet. Wed.
Thurt.
7 1% 70%
71
70%
69%
69%

Fri.
72%
63%

There has been only a limited amount of speculative inter­
est shown in the market for1 Indian corn futures and prices
have gradually weakened. Crop prospects as a rule have
been of a fairly favorable nature and the Government report
published Wednesday afternoon was more favorable than
expected, indicating a larger yield than had been generally
estimated.
A t the lower prices, however, exporters have
been fairly large buyers, and this has served to hold the decline
in check to some extent. To-day the market was steadier, in
sympathy with the advance in wheat. The spot market wag
less active. Sales for export here and at ontports were
150,000 bushels.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
Sat.
Won. Tuet.
Wed. Thurt.
September d e liv e r y ....0. 37% 37%
37%
37%
37%
December d elivery______ o. 38% 38%
38%
377s
37%

F ri.
37%
37%

Oais for future delivery have been dull, and following the
course of values for other grains prices have gradually
weakened. A n increased movement of the crop has also had
its effect against values, as did the fact that the cash trade
has been only moderate. The Government report was about
as expected
To-day the market was dull but steady. The
spot market was fairly active and sales for export were
125,0.0 bushels.
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
Sat.
Won. Tuet. Wed.
Thurt.
September d elivery _____ o. 26% 26
25%
25%
25%

Fri.
25%

Rye has been quiet and prices have weakened slightly.
Barley has been dull but about steady.
The following are closing quotations:
FLOUR.
Fine ........................ $2 30 ■92 50
Patent, w in te r____$ 1 1 0
Superflne...................... 250® 2 70
C ity mills, ex tr a s.. 5 00
Extra, No. 2 ................ 2 70* 3 00
R ye flour, superfine 2 50
Extra, No. 1 ................ 2 85» 3 25
Buckwheat flour.................
C lears......................
325 ® 3 65
Corn meal—
Straights................... 365 ® 1 35
Western, e t o ...... 2 15
.
Patent,. Spring.......
______ 1 1 0 ®5 10
________
B ra n d y w
in e....... 2 30
[Wheat flour in sacks sells at prloes below those fo r barrels.]

« 1 50

® -----® 3 00

® 2 25
® 2 32 %

GRAIN,

C om , per bush—
o.
o.
Western m ixed ....... 7..36% ® 39
No. 2 m ixed ................ 37% ® 39
Western Y ellow .......... 37% ® 39%
W estern W hite............ 37% ® 39%
R yeWestern, per bu sh ....1 9 ® 51%
State and Jersey........ 16 ® 52
Barley—W estern .......... 46 ® 53
F e ed in g . . . .
...3 5 ® 37
A g r ic u l t u r a l D e p a r t m e n t 's R e p o r t o n C e r e a l C r o p s ,

Wheat—
Hard Duluth, No. 1.
Red W inter, No. 2..
Hard Han., No. 1 ..
Northern, No. 1 . . .
Oats—M ix’d, per bah.
W h ite ......................
No. 2 m ixed ............
No. 2 w hite.......... ...

o.
o.
79% ® 80%
72% ® 81%
Nominal.
7 6 % a 77%
27% ® 30
32
® 38
28
® 30
33 ® 31%

BREADSTUFFS.

&c., August 1.— The Agricultural Department issued on the
10th inst. its report on the cereal crops for the month of July,
as follows:

F r i d a y , Aug. 12, 1898.
Business in the market for wheat flour has been quiet and
Yalnes have shown some irregularity. Desirable grades
of old wheat flour have been in limited supply and have been
well held. New flonr has been freely offer* d to arrive, and

The August report o f the Statistician o f the Department of A gri­
culture shows the follow in g average conditions on A ugust 1:
Corn.............................................87’0 I Spring wheat................................ 96-5
Spring r y e ..................................93 7 |Oats.................................................84’ 2
Barley......................................... 79'3 I B uckwheat.................................... 87’2
Irl.-h potatoes............................83’9 I

THE CHRONICLE

332

[ vol.

lxvtl

average from 1% to 10 per cent higher than a year ago, but
does not present a very firm appearance thereat. There has
1697. 1896. 1895. 1994. 1893. 1892. been a moderate call for overcoatings, chiefly in kerseys.
87*0
8
-*5
102*5
09*1
96*0
Hi*2
Cloaking have ruled quiet throughout. Flannels are steady,
87*3
67*0
79*8
95*9
67* i
86*7
7H*5
89*8 with tue market practically bare of blue goods. Blankets
84*0
79 8
89*9
88*0
86*2 are scarce in most makes and very firm. Dress goods are
78*3
76*5
860
77 3
84*5
84*6
01*1 still quiet and disappointing.
82*9
69 8
87*5
87*2
80*8
86*0
94*8
74 0
77*9
97*7
D o m e s t ic C o t t o n G o o d s . — The exports of cotton goods
62*3
80 4
80*1
77*0
91*6
864)
8 h*8 from this port for the week ending August 8 were 8,168
82-2
74*9
86 5
83*7
78*7
92*9
96*0
85*2
82*3
88 8
94*0
packages, valued at $128,4-3, their destination being to the
87*0, In 3*5 points lower than last month, 2*3 points specified in the tables below :

The condition of the various crops on A n gost 1 for a senes
o f years is as follows :
IS9B.
Spring w h«*t---- ...9 6*5
Spriujt r y e . . . —
o « u .......... . ........ ...H i *2
B a r le y ___ . . . . . .
RoiAloOd* , ...........
Oat t o o ............ . ...91*2

B uckw heat,, .. . __ 87*2
T he co million of co m ,
point* hiither than on August 1, 1897, hut 9 points low er than on
A ugust i, 18^8, anil jUx-u*«th* o f one point below the A ugust average
fo r the last u?n year*. The principal Btate average's are a - fo llo w s:
Ohio. 89, Indiana, 80; Illinois, 72; Iowa, 92; M issouri, 86; Kansas, 69,
ami Nebraska, 85.

N e w Y o r k to A c o . 8.

1898.

1897.

Week. Since Jan. 1.

Week. Since Jan. 1

912
900
85
420
•13
233
474
34

2.255
777
108,681
9.656
22.962
8,798
9,114
2,078
■1,494
31,295
12,538

52
32
550
505
150
388
342
57
73
411
39

2,982
2,241
89,822
5,060
16,199
13,479
8.928
2,021
8,140
30,951
2,821

T otal..................................
China, via V a n cou v er'___

3.163
3,346

213,248
9,523

2,594

179,614
12,300

T ota l..................................

6.509

222,771

2,594

191,944

Thu condition of corn on July la u d August 1 in each of
the last five years is shown iu the follow ing:

Great Britain.................... .
Other Europeati....................

*14
18

CONDITION OF CORK.

In d ia........................................
Arabia......................................
A frica.......................................
West Indies.............................
M exico.....................................
Central America....................
South A m erica .....................
Other Countries....................

1898.

1S97.

Stale*.
•2*
*?

d
*■<

83
100
78
83
94
90
90
94
99
95
103
96
95
89

93
78
87
70
92
84
85
85
90
77
83
90
92
82

d
7°
I llin o is..
Io w a . ..
92
M issou ri.. 86
Kansas-*
69
Iudiaua . 86
Nebraska. 85
O h io ........
89
Michigan
83
Wisconsin 96
Minnes'ta 102
T e x a s ___ 104
Tennessee 93
Kentucky
97
Petmsylv. 82

1800.

ri
-2*
82
75
92
90
83
82
70
80
SO
70
101
90
87
74

d
*<

•3*
*?

106
103
85
109
105
108
105
96
101
95
88
96
102
104

98
94
81
102
IU
103
106
100
102
95
39
90
97
98

1894.

1895.
iH
d

*£?

iH
d

106
107
115
90
100
76
39
75
87
95
113
110
113
90

92
105
109
101
95
95
91
90
96
97
118
9S
96
87

75
45
82
49
88
33
79
75
68
73
83
100
80
83

•?
99
100
101
96
90
98
92
93
93
100
91
89
90
82

• From New Kiujiaua mill points dlreot.

The value of the N ew Y erk exports for the year to dale
has been $7,456,638 in 1898 against $6,957,090 in 1897.
The market is stiff on leading makes of heavy browa cot­
tons, most of the mills being covered by existing contracts
well into October. The demand i9 moderate at the moment.
Light-weight coarse yarn goods quiet and easy to bay.
Ducks and
osnaburgs
unchanged.
More doing in
bleached cottons at previous prices. W ide sheetings firm
and occasionally tending upwards. Cotton flannels and
blankets firm.
Seamless
graiu
bags
scarce
and
strong. Denims quietly steady; ticks slow and easy.
A v 'c c 0 .8 87*0 90*5 84*2 82*9 96*0 92-4 102*5 99*3 69*1 9 5 0
Plaids in fair request; checks and stripes and chev­
The eomtiUon o f spring wheat, 96*5. is 1*5 points high r than last iots dull and unchanged.
Kid-finished cambrics slow
mouth, 9*8 points above, the average on A ugust 1 ,1 8 9 7 , 17*6 points and barely steady. Dark fancy prints have sold well at fa ll
above that ror August I, 1896. and 13 5 x>oints ab ove the August ave­
rage for the last ten years. The conditions in the principal States are prices; in other prints business has been above recent average
a* follow s: M innesota, 101; North Dakota. 95; South Dakota, 92; in volume, but tbe demand is still readily met. A ll ginghams
Nebraska, 97, and Iow a , 94.
of any character are in good shape in both staples and dress
The average condition o f spring rye is 93*7, which is 3*2 points
low er than last mouth but 3*9 points higher than on August 1, 1>97, styles. A fair business has been done in print cloths, the
5 '7 points higher than o n August 1 ,1 8 9 6 , and 6*4 points above the market continuing steady on the basis of 2c. for regulars.
A ugust average fo r the last ten years.
F oreign D ry G oods.—The market is dull for both fall and
The average eonditton o f oats is 84*2, as com pared with 92*8 on July
1, 86*0 on August 1 ,1 897 , 77*3 on August 1, 1896, and 83*7, the A u­ new spring lines. The demand for the former is for small
gust average for the last ten years. The proportion o f the oats orop of quantities only and is slow in opening up for the latter.
iast year still in the hands o f farm ers is estim ated at 6*4 per oent, as Prices without material change.
com pared w ith 10*1 per cent o f the crop o f 1896 in farmers’ hands

one year ago.
The average condition o f barley is 79*3. as com pared with 85*7 on
July 1, w ith 87*5 on August 1, 1897, with 82*9 on A ugust 1, 1896, and
86*0 the August average for the last ten years.
Prelim inary returns indicate a reduction o f 5*5 per cent in the acre­
age in buck wheat as com pared with last year. The condition o f buck­
wheat is >7*2, against 94*9 on August 1, 1897, 96*0 on A ugust 1 ,1 896 ,
and 90*2 the A ugust average for the last ten years.
The average condition o f Irish potatoes is 83*9, against 95*5 last
month, 77*9 bn August 1, 1897, 94*8 on A ugust 1, 1896, and 87*1 the
August average fo r the last ten years.
There has been a general and som ewhat serious decline in the con­
dition o f pastures.
The reports, as to the apple crop are increasingly unfavorable. Some
of the leading apple-growing States report a practical failure, while
others report from one-third to two-thirds o f an a verage orop.
The condition o f Tim othy hay, 99*3, is alm ost unprecedentedly high.
W T p ® r other tables usually given here «ee page 303.

THE

DRY

GOODS TRADE.

N e w Y o r k , F r i d a y , P, M „ A u g . 12, 1898.

Farther progress in development of general demands has
been noted this week, both in the way of spot business and
mail orders at first hands, and the jobbing trade here report
a very marked increase in their sales. The attendance of
buyers has been excellent, although the large houses in the
trade have not been nearly so well represented as the
smaller ones.
Reports made by the visitors are all
highly encouraging. Crop prospects are good. There is
an active distribution of merchandise from second hands
and the outlook is fully as cheerful as before.
Sellers
in the primary market are not yet fully satisfied with the ex­
tent of business doing by them in the cotton goods division,
but there is no more pressure to sell than before nor any giv­
ing way in prices, as they look forward to a farther and con­
siderable expansion of business in the near future. Sellers
of woolens, both in raen’sw e a r fabrics and in dress goods,
are disappointed with current results, buyers still operating
in very conservative fashion. Collections reported fairly
satisfactory. The Full River manufacturers have abandoned
the effort to bring about curtailment of production, but it is
probable that some of the mills m ay resort to short-time
before long,
W oolen G oods.— W ith the new lines opened this week
in the better grades of men's-wear woolen and worsted fab­
rics, the buyers have now the market fully at their disposal
so far as making selections are concerned. They have not
made much use of their opportunities, and the outcome of
the week's business has been by no means satisfactory iu
either plain or fancy lines. The demand has been irreg­
ular and cautions, and it has been exceptional to find
a seller reporting sales of fair extent. The market will

Im p o r ta tio n s a n d W a r e h o u s e W ith d r a w a ls o f D r y G o o d s

The importations and warehouse withdrawals of dry goods
at this port for the week ending Aug. 11, 1898, and since
January 1, 1898, and for the corresponding periods of last
year are as follows :

THE CHRONICLE,

August 13, lBfeb.)
> t a t £

ytflp

C ity

TERMS

OF

D s f A i m m i T ,

SUBSCRIPTION.

The 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 i s h e d without

extra charge
and

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
F in a n c ia l C h r o n ic l e .

The S t a t e

and

Cit y

without extra charge t o

S u p p l e m e n t w i l l a ls o b e f u r n i s h e d
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 .

333

Philadelphia, P a .—Tax Taluation.— The Board of R e­
vision of Taxes sent to the Mayor and Comptroller this week
a statement of the amount of taxable property of the City of
Philadelphia, from which the Comptroller’s estimates of the
revenues for 1899 will be made up. The valuations are as
follows:
Real estate (eitv rate)........................................................................... $791,653,4A5
Real estate (suburban rate)................................................................. 16,16',000
Real estate (farm rate)........................................................................ 21,980,325
Horses, cattle, etc.................................................................................
1,711,365

The total valuation amounts to $864,516,045, an increase on
last year's figures of over $22,000,000.
St. Clair County, Mo.— Litigation .— On July 19, 1898, the
C h r o n ic l e .
Kansas City “ Star” said: “ A new mixture has appeared in
The Q u o t a t i o n S u p p l e m e n t , is s u e d m o n t h l y , w i l l a ls o b e the much-fought St. Clair County Railroad bond case. Just
f a m i s h e d without extra charge to e v e r y s u b s c r ib e r o f th e before they were brought to Kansas City as United States
prisoners for contempt of a United States Court in refusing
C h r o n ic l e .
TERMS for the C h r o n i c l e w ith the four Supplements to act toward paying what they claim is a ‘grab,’ in that the
above named are Ten Dollars within the U nited States and bonds in the case were issued for a railroad that was never
Twelve Dollars in Europe, which in both cases includes built, the members of the St. Clair County Court held a meet­
ing between midnight and morning while waiting for the
postage.
___________
train to Kansas City, and made the annual levy of taxes for
State and county purposes.
Now , John A . Gilbrath, an
Term s o f A d vertisin g —(P e r inch space.)
attorney at Appleton City, has filed a suit to enjoin the St.
Transient m atter (each time) $3 50 I Three M onths (13 t im e s )..$25 00
Clair
County
collectors
from
collecting
the taxes.
standing business CARDS.
S ix m onths
(26 tim es).. 43 00
“ ‘Gilbrath is in the pay of the bondholders,’ said Judge
T w o months (8 tim es).......... 18 00 I T w elve M onths (52 tim es)._ *58 00
Gill, one of the judicial prisoners, to-day in speaking of the
B altim ore, M d .— Debt Statement.— W e have received from suit, ‘It is their plan to tie the county hand and foot in any
J. Frank Supplee, City Register, a statement showing that way they can so that it can’t do any business at all as a county
the indebtedness of Baltimore is within the 1%limit of assess­ till their claim of 1J^ million dollars is satisfied. They’ll find
able property beyond which, in certain States, investment of it won’t work.’ Suits were also filed against the County
Clerk to prevent him from turning over the tax books to the
trust estates is forbidden. Following is the statement:
Assessed valuation for purposes o f taxation...................................... $367,500,000 colleotor, but they had already been turned over.”
Total bonded indebtedness.................................................................. 37,212,176
Salina. K an.—Ronds Valid.— W e learn from the “ Repub­
Water bonds (included in above)....................... .................17,707,500
8inkina fund (applicable to payment o f debt).................... 1,719,147 —12,456,647 lican” of Salina that Judge Foster of the United States Cir­
Floating debt.........................................................................................
None. cuit Court has decided that the $44,000 of Rock Island bonds
Thus the net debt is only $24,735,529, while ~i%on the $362,- are valid obligations in the hands of the present holders, and
500,000 of assessed valuation would b e $25,375,000. The city the city must pay them.
retired in 1894 $4,000,000 of 5% water bonds. There is on d e­
Spartanburg, S. C.—Bond Litigation .— The following dis­
posit in sundry banks to the credit of the city cash amount­ patch from Spartanburg, dated July 26,1898, appeared in the
Charleston “ News and Courier” :
ing to $1,400,971,
“ Judge Townsend yesterday granted a preliminary injunc­
Bay St. Lonis, M iss .—Bond Litigation .— Suit has been
brought in the Chancery Court to prevent the proposed issu­ tion against the City Council of Spartanburg to prevent them
from issuing bonds for the Ohio River & Charleston Railway.
ance of $40,000 improvement bonds.
B irm ingham , A la .—Increase in Tax Rate Voted. —On About sixteen years ago, or perhaps longer, the city voted
August 1, 1898, the city voted to increase the maximum tax $25,000 to build a railway to some point in Rutherford County.
rate to 1% of the assessed valuation instead of
as pre­ There was some special Act afterwards, giving the Council
viously prevailed. The election was held under an amend­ enlarged powers as to that subscription. The Council in­
ment to the Constitution of Alabama, which permitted the vestigated the matter, and concluded that they had a right to
increase. The former tax rate, %%, was not sufficient to pay use this subscription in extending the Ohio River & Charles­
the interest on outstanding bonds in full, and the city has ton from Gaffney to this place. Major Hart of Yorkville,
been paying interest each alternate year, issuing 5-year cer­ and C. P. Sanders of this city asked for the injunction in be­
tificates for that which remained unpaid
half of the tax-payers, or plaintiffs. The injunction when
It is said that although the proposition received a large argued and decided will settle the validity of the bonds. A s
majority' of the votes cast, opposition to the plan has mani­ the matter now stands there is considerable doubt as to the
fested itself, and the matter will probably be carried to the right claimed by the City Council to issue said bonds. The
courts.
date has not been fixed for argument on the motion.”
Buckner (M o.) School D istrict .—Bond Litigation.— Argu­
Superior, W is .—Injunction Continued .— W e take the fol­
ment has been heard before Judge Gates in the Circuit Court lowing dispatch from W est Superior, dated July 30,1898, from
in the suit filed against the School Directors asking that they the “ E vening W isconsin” of Mi 1w aukee: “ Judge James O’Neill
he enjoined from issuing $6,000 school bonds. Judge Gates of the Seventeenth Judicial Circuit handed down a decision
has the case under advisement.
in the case of the Endion Improvement Company vs. The City
The injunction
H am ilton County, K an .—Bond Litigation . — Blair & Co., of Superior, J. H. Cnlrer et al., to-day.
New York, several months ago brought suit against the formerly granted by Judge ViDje, restraining the city from
county officials to compel payment of interest on a series of carrying out the contract entered into between the city and
bonds issued in 1887. Interest was paid until January 1, J. H. Culver, is continued, and the city is enjoined from pay­
1897, when payment was discontinued. On July' 21, 1898, the ing any of the bonds issued after the statutory limit of 5% was
defendants filed their answer, in which they allege that the reached.” The bonds, it is stated, are held in New York and
bonds were issued to refund about $45,000 county' warrants, other cities throughout the United States.
that the question was never voted upon at an election, and
Tacoma, W ash. — Warrant Litigation. — The Tacoma
that the bonds were therefore illegal. It is farther claimed “ News” on July 16, 1898, said that the city had filed an an­
that Hamilton County was not legally organized at the time swer to the warrant suits of the New York Security & Trust
the bonds were issued.
Company and Shelbourne Falls National Bank, stoutly de­
Louisville, K y .—New Manufacturing Enterprises Exempt nying the claims that the warrants are a valid obligation of
from Taxation — Mr. James F. Buckner, Jr., Secretary Louis­ the city. The answers were filed July 16, 1898.
It is claimed by the city that the warrants were all once
ville Board of Trade, directs our attention to the fact that at
the recent session of the Kentucky Legislature authority' was paid by ex-Treasnrer Boggs oat of moneys belonging to the
given the city of Louisville to pass an ordinance exempting city and afterwards reissued to certain warrant brokers who
new manufacturing plants and concerns from municipal paid the Treasurer a commission for his services. The answer
taxation for a period of five years, as an inducement to their recites that it is sometimes claimed that the warrant brokers
location there, and that accordingly the General Council of paid the city cash for its warrants and that the city received
the city of Louisville on Friday, July 29, passed an ordinance the benefit of its use. Thi3 is denied, and a statement is
granting such exemption. Under thi3 law all new factories made to the effect that the citv lost nearly $3,000,010 by the
and manufacturing establishments of every kind are exempt various warrant transactions of the former Treasurer.
See C h r o n i c l e May 14, 1898, March 12, 1898, and Feb­
for five years from the date on which they commence active
ruary 26, 1898.
manufacturing business.
V irgin ia .— Movement to Effect a Settlement o f Deferred
This tax exemption, Mr. Buckner well says, taken in con­
nection with Louisville’s many other advantages as a place Certificates.— A t the request of holders of a large amount of
for successful manufacturing, must certainly attract the at­ the Virginia deferred certificates (representing the debt
allotted to W est Virginia on the creation of that State),
tention of manufacturers looking for suitable locations.
New Vork C it y —Outlying Bonds Declared Legal.— On John Crosby Brown, George Coppell, J. Kennedy Tod and
Thursday, the 10th inst., the Corporation Counsel sent to the Clarence Cary have agreed to act as a committee, and in
Comptroller the following list of bonds of outlying districts conjunction with R. P. Chew, of W est Virginia, Virginias
which have been approved by the special counsel and whose Newton, of Virginia, and other citizens of the tsvo States,
to make an effort to obtain a compromise and settlement of
recognition is recommended:
) Olftge of Far Rockaway, $35,000 5%ftesrer bonrta. Series G, dated March 11,1897 this inter-State debt. Mr. Brown is Chairman and Robert Lu
Lonif [aland City. $7h,oou park award bond*, dated December, 1897,
Harrison Secretary, and Cary & Whitridge are counsel f o '— r
School Olatrtct No. 11, Town of Jamaica, $7,000. dated June 15.1S95.
Union free School Diatrtct No. 1, Town of Flashing. $3,000. dated Dec. 15, 1807. the committee. Several attempts have been made ia
Union I ree School Dlatrlct No. 8. Town o f SouthHeld, $2,000, dated Dec. 8.1897. the past to secure a settlement with West Virginia
L is ts of th e bonds p r e v io u s ly a p p r o v e d w i l l b e fo u n d in the but although in the hands of persons of high stand­
C h r o n i c l e of A u g u s t 6, 1898, p a g e 284, a n d J u n e 11, 1898, ing the work has been futile.
One reason for the failure
p a g e 1151,
i* said to relate to some personal questions raised in
The S t r e e t R a i l w a y S u p p l e m e n t w i l l lik e w is e b e f u r ­
nished without extra charge to e v e r y s u b s c r ib e r o f th e

334

THE CHK0N1CLE.

W est Virginia.
The new movement is in the hands of
persons who have been connected with the former at­
tempts. They have taken np the project at the request of
some influential citizens of Virginia and W est Virginia who
have not been associated with the other movements, and they
have received reasonable assurances that it will go through.
Holders of certificates
who desire to take
part in
the movement
should deposit tlieir
certificates
or
trust receipts representing them with Brown Brothers & Co.,
so that- arrangements may be made in time to submit a prop­
osition to the next Legislature of W est Virginia. The agree­
ment under which deposits are invited provides that when a
majority of them has been secured, the committee shall
formulate a practicable plan of settlement and submit it to
an Advisory Board, consisting of Thomas F. Bayard, W illiam
Pinkney W hite, Edward J. Phelps and George G. Williams.
I f this board recommends the plan, it will be published for
thirty days, and if accepted by a majority in value of the
deposited certificates, it will be presented to the Legislature.
The cost of the settlement, if effected, is to be assessed on the
bonds that are received, and is not to exceed a$ on the par
value of the certificates originally deposited.
A n advertisement concerning this movement will be found

their here in this Department.

Bond Calls and Redemptions.
Grand Island, Neb.— Bond Call.— The city called for
payment on August 9, 1898, at Kountze Bros,, the Nebraska
Fiscal Agency in New York City, the following bonds:
$25,000«»; City Hall and Jail bonds, Nos. 1 to 35. Bonds are dated July 1,1880,
and mature July 1. 1POO.
30,000 0* water
bonds,
1 to 30. Bonds are dated January 1.1888,
and mature January 1.19t 8.
Securities mentioned above are now subject to call, and
interest ceased on August 9, 1898.
Green County, Mo.— Bond Call.—School District No. 4,
Township 31, Range 29, of this county, has called for payment
on September 1, 1398, at the Merchants7 Laclede Bank in St.
Louis, one $1C0 bond.
Helena, Mont.— Bond Call.— City Treasurer H . F. Tiltcn
has given notice that $11 ,500 1% funding bonds, dated Oct-o
her 1, 1884, numbered 57 to 79, inclusive, denomination of
$500, and 840,000 6;; sewer bonds, dated December 1,1888,
numbered 1 to 40, inclusive, denomination of $1,000, will be
paid or exchanged for new refunding bonds on and after Aug,
25,1898, by E. H. Gay & Co., Fiscal Agents for the city.

The offleial advertisement o f this bond ca ll will be found
elsewhere in Ihis Department.
Henry County (M o.) School District No. 6.— Bond Coll.—
This district, situated in towrships Nos. 43 and 44, Range
27 and 28, has called for payment September 1, 1898, at the
N oel-Young Bond & Stock Co., St. Louis, 61 bonds Nos. 5, 6,
7 and 8, issued September 1, 1890.
Kentucky.— Warrant Call.—State Treasurer George W .
Long has called for payment $50,000 of old warrants of the
State Lunatic asylums. $28,000 will be paid now and the.
rest in the near future, $42,000 more will "be called shortly;
altogether $28,010 of Eastern Kentucky, $22,000 of Western
Ken ncky and $42,000 of Central Kentucky Asylum warrants
will be paid,
Lathrop City (M o.) School D istrict.— Bond Coll.—The
district has called for payment August 20, 1898, $500 Bond
N o. 11. dated May 1, 1879.
LeMars, Iow a.— Bonds Redeemed.— On July 18, 1898, this
city paid off the $10,000 of 62 building bonds which came due
on that date.
New Orleans, La.— Proposals for Liquidation o f Claims.—
Proposals were invited until August 9, 1898, by the Board of
Liquidation of the City Debt for the sale of claims evidenced
by financial ordinances and judgments against the city for
debts incurred between 1879 and 1895, inclusive.
These
claims are to be paid at the option of tiie Board of Liquida­
tion, either in cash or 4% 50 year bonds. Each proposal was
to state the lowest price at which the claim or judgment
would be sold by its owner.
Omaha, Neb.— Warrant Call.—The City Treasurer has
called for payment $30,000 outstanding school warrants.
I’ aducah, K y.— Bond Call.—The city has called for pay­
ment on August 25, 1898, at the City Treasurer's office, $45,000 0# municipal bonds dated July 1, 1883.
Peoria, III .—Bonds Redeemed.—On July 18, 1898, Comp­
troller Meisser paid off $12,000 bonds issued for various
improvements.
P ilo t Grove Township. Cooper County, Mo.— Bond Re­
demption.—This township lias called for redemption at the
National Bank of Commerce in St, Louis, or at the office of
the County Treasurer in Boonville, on September 15, 1898,
refunding bond No. 184, bearing date of January 15, 1890.
Polk County, Mo.— Bond Coll. School District No. 5
Township 32, Range 22, of this county, has called for payment
on September 1 , 1S9S, at the office of the County Treasurer,
Bolivar, one $100 8f bond dated September 1, 1896.
Reil Oak Junction, Iowa.— B o n a Call.—C. A , Hough, City
Treasurer, has called for payment August 15, 1898, at the
Chemical National Bank, New Y o rk City, $16,000 bonds, dated
15, 1891, and subject to call after June 15, 1886.
~ S n lein , Y a .— Bond Call — John H. Palmer, Town Treas­
urer, has called for paytrent Public School Bonds Nos. 1, 2
and 6. Interest ceased July 13, 1898.

[Voi. LX VI I,

Salt l ake City, I ’ tah.- -Bond Redemption.— The Salt Lake
City “ News” states that the City Council has authorized the
purchase of four $1,000 water-works bonds hold by New
York parties at 5f premium.
Ftali.— Bond Call—State Treasurer James Chipman has
called for payment on September 1, 1898, 130 negotiable cou­
pon bonds of the Territory of Utah. Secuiities are dated
July 1, 1888, and mature July 1, 1908, subject to call after
July 1, 1893. Said bonds are numbered from I to 150, in­
clusive, and are in denomination of $1,000. Interest will
cease September 1, 1898.
Warm Springs, Ga.— Bond Call.— Chas. L . Davis has called
for payment at the Columbus Savings Bank improvement
bonds Nos. 1 to 12, inclusive, in denomination of $500.
^W ashington.— Itii rrant Call.— State warrants No. 26,301 to
No. 26,030, inclusive, on the general fund, and Nos. 2296 to
2343, inclusive, on the military fund, have been called for
payment. Amount of call, $43,261 76.
W indsor (T ow n). 111.— Bond Call.— On October 1,1898, at
the office of the State Treasurer, Springfield, 111., E. A .
Moberley, Town Clerk, will pay the follow ing 6£ bonds
amounting to $52,000, denomination $1,000: Forty bonds,
numbered from 11 to 50 inclusive, dated July 1, 1882; five
bonds, numbered from 51 to 55 inclusive, dated November 2,
1885; and seven bonds, numbered from 6 to 12 inclusive,
dated January 1, 1886. A ll of these securities are due 20
years from their date, redeemable after 5 years. Interest on
the bonds will cease on October 1, 1898.

The offleial advertisement o f this bond call will be found
elsewhere in this Department.

Bond Proposals and Negotiations this
week have been as follows:
Albany, N. Y .— Bonds Authorized.—la compliance with a
resolution passed by the Common Council on June 20, 1898,
and pursuant to Chapter 17 of the Laws of 1898, the Board of
Finance have authorized the issuance of $50,000 Broadway
widening bonds (depot site). Securities will bear 344i inter­
est, payable semi- annually in the city of Albany. The city
Sinking Fund Commissioners will be allowed to take as many
of these bonds as they may desire, at par, as provided by
Chapter 242, Laws of 1887. Bonds are to be paid in ten an­
nual instalments. The Board of Finance also authorized the
issuance of $15 OCO
Beaver Park bonds (4th series), which
had been previously passed upon by the Common Council,
pursuant to Chapter 528, Laws of 1898. Principal is to be re­
paid in twenty annual instalments.
Amsterdam, N. Y.— Bond Sale,— The Board of Education
has recently sold $10,000 of bonds to Benwell & Everitt of
New York at 104'559.
Auglaize County, Ohio.—Bond! Offering.—Proposals were
asked until 12 it." yesterday (August 13, 1898). by G . A .
Orphal, County Auditor, at the Court House in Wapakoneta,
for $18,( 00 5 ; county' bridge bonds. Securities are in denom­
ination of $1,000, dated July 1, 1898; interest w ill be payable
January 1 and July 1 at the office of the County Treasurer,
Wapakoneta. Principal will mature $1,000 yearly' from July
1, 1899, to July 1, 1916. Each bid must be accompanied by
a deposit of §250. Securities are issued in accordance with
Sections 871 and 872 of the Revised Statutes of Ohio as
amended, and by authority of a resolution adopted by the
Commissioners of said county on the 9th day of Julv, 1898.
These -are the same bonds that were awarded to Farson,
Leach & Co., Chicago, on June 29,1898, but owing to a slight
irregularity in the advertisement a new sale was made neces­
sary. A t the time of goiDg to press result of sale was not
known.
Beloit, W Is.— Proposed Election.—The question as towhether the city shall buy the plant of the water-works com­
pany for $210,000 is being actively discussed, and will soon bo
submitted to a vote of the people.
B illin gs Connty, N. Dak.— Bond Sale.— On August 1 , 1898r
the $13,000 of 5ty:f 10 20-year funding bonds of this county
were sold to F. K, Fulton & Co. of Grand Forks at par. T h e
only other bid received was from Denison, Prior & Co.,
Cleveland, Ohio. A lull description of this issue will be
found in the Chronicle of July 23, 1898, p. 189.
Blakely (B orough), I’ a.— Bond Sale.— On August 1, 1898,
$16.0( 0 of 8jg 8-year bonds were sold to N . W . Harris & Co.,
of New York, at 105-33. A full description of these bonds
and details of debt and valuation will be found in the
Chronicle of July 30, 1898, page 239.
Bloomslmrg, Pa .—Bond Sale.— W e are advised that the
.$8,000 bonds which were recently authorized have all been
sold.
Brnttlehoro, V t.— Bond Sale.—Oa August 0, 1898, the
$15,000 4% 20-year bridge bonds were awarded to the People’s
National Bank, Brattleboro, at 109-333. Following are the
bida :
People’s Nat. Bk.. BraUleboro.109'333
Estnbrook A Co., Boston....... 106*03
Blodimt, Merritt & Co., Boston.lt'8 80
Eee. HliZtnnson & Co.. Boston,. 108*88
E. ii. BoUlns & 8on». Boston. ..108*6376
N. VV. Harris & Co.. Boston— 108*375
Cushman,Fisher <fc Phelps,Bos. 10S*197
Adams & Co., Boston ............ 107*65

it. h. Day & Co., Boston ______ 107*329'
C. A. Harris, Brattleboro....... ,.107*20
R L. Stedman, rtnston.......... ..107*17.3
W. J. Hayes .t Sons, Boston ...107*071
Blake Bros. & Co.. Boston.........106*57
W. H. Carey, Boston............. 106*33
S. A. Kean, UhieasrO...................103 60

Piincipal will mature July 1, 1918. For further descrip­
tion of bonds Bee Chronicle July 23, 1893, p. 190,

THE CHRONICLE

August 13, 1898.J

B ottineau, N. D ak.— Bonds Voted.—This piace has athorized the issuance of § l0,009 bonds for a new school-house.
B risto l County (P . 0 . Taunton), Mass.— Bond Offering —
Proposals will be received by Edward Mott, Chairman Coun­
ty Commissioners, until 12 m . August 18, 1898, for the fol­
lowing notes :

335

W. J. Hayes & Son*. Cleveland..$8,730 I Robinson Bros., Pittsburg....... $8,610
Real Estate Sa v. Bank, PittsbTg. 8,67') Mercantile Trust Co., Pittsb’rg.56 of 1%
Wm. M. Bell & Co., Pittsburg— 8,620 I

Securities are in denomination fof $500; interest will be
payable semi-annually, and the principal w ill mature $500
yearly from 1899 to 1915, inclusive.
Everett, Mass.— Bonds Authorized.— On August 5, 1898,
$10,000 456, dated August 19.189S; interest payable February 19 and August 19; the Board of Aldermen voted to issue §10,000 of water bonds.
principal matures August L9,1899.
• 20,000 4%, dated August 19,1898; interest payable February 19 and August 19;
Freebnrg (V illa g e ), 111.— Bonds Authorized.— The Village
principal matures August 1», 1900. •
20,000 4%, dated August 19.1*98; interest payable February 19 and August 19; Board has authorized the issuance of $800 of water bonds.
princiaal matures August 19.19ol.
*
Securities are to be in denomination of $100, to be numbered
20 090 4*. dated August 19. 1898; interest payable February 19 and August 19;
from 46 to 53, inclusive, and are to bear 5% interest.
principal matures August 19,1902.
Freeport, 111.— Bond Sale.— On August 3, 1898, the $35,000
Notes are issned pursuant to authority con tained in Chap­
5f 20-year City Hall bondsjwere awarded to the German In­
ter 297, Acts of 1897, and Chapter 479, Acts of 1898.
Brookfield, Mo.— Bond Election.— Tnis city will hold an surance Co., Freeport.
G allipolis, Ohio.— Bond Sale.— On August 1 0 ,1893, the
election on September 6, 1898, to vote on the proposition to
issue $14,000 sewer bonds. Securities will bear 6f interest, $7,000 o f 20-year redemption bonds were awarded to the So­
payable semi annually at Brookfield, and will mature in 20 ciety for Savings, Cleveland, at 112 -837. Following are the
years, subject to.call after 10 years. Date of sale has not bids:
Society for Savings, Cleve......$7,903 00 I TheLamprechtBros.Co., Clev.$7,775 00
y « been determined upon,
Briggs. Smith & Co.. Cinn....... 7,865 0o W. J. Hayes & Sons, Cleveland 7,765 00
Buffalo, N. T .— Bonds Authorized aud Awarded.— On A u ­ Fir-t Nat’ l Bank,Gallipolis— 7,852 00 1Hollis C. Johnston, Att*y. GalNational Bank, Cinn— 7,859 00 1 lipolis.................................... 7,620 00
gust 8,1898, at a meeting of the Board of Aldermen, a resolu­ Atlas
Seasongood & Mayer, Cinn— 7,823 80 |
tion was passed authorizing a bond issue of $50,00 J, for the
For description of bonds see C hronicle July 23, 1898,
purpose of redeeming water bonds to that amount which
p. 190.
mature September 2, 1898. The new bonds w ill bear 3 % f
Greenfield, Mass.— Temporary Loan.— W e are advised
interest, principal payable one-twentieth annually, and were
that the loan of $6,000 which was recently authorized will,
awarded to the Comptroller of the City of Buffalo in -trust
if made at all, only be a temporary loan. The city m ay not
for the Park Bond Redemption Sinking Fund.
be obliged to borrow the money.
B urlington, V t.— Loan Authorized.— Tne Treasurer o f this
H am ilton County, Ohio.— Bond Sale.— On August 10,1898,
city has recently been authorized to borrow $10,000.
the $107,000 i f bridge bonds were awarded to R. Kleybolte
Caldw ell County, M o.— Bond Offering.— Proposals will be
& Co., the Western German Bank and the Atlas National
received until 2 p. m . September 5, 1898, by Joab Houghton,
Bank of Cincinnati at 110-57. Bids were also received from
County Treasurer, Kingston, for $18,000 6f court house
S. Kuhn & Sons, $117,914; Briggs, Smith & Co., $116,032;
bonds. Securities will be in denomination of $500, dated
Seasongood &
Mayer, $117,717, and German National
May 2, 1898: interest will be payable May 2 and November 2.
Bank, §117,756. Principal will mature August 10,1918. For
Principal will mature $4,500 on May 2 in the years 19C0, 1901
description of bonds see Chronicle, July 9, 1898, p. 86.
and 1902. Bonds will be delivered Nov. 2, 1898, with first
Hammond (I n d .) School D istrict.— Bonds Val.d.— The
interest coupons detached from each bond. A ll bids must
Chicago “ Tribune.” of August 10, 1898, states that the $15,be accompanied by a certified check for of of amount of bid.
000 worth of improvement bonds sold several months ago to
Caney, K an.— Bond News.—W e are informed by O. B.
the banking house of Spitzer & Co. of Toledo by the Board
Hinkle, City Clerk, that the $10,000 bonds for the construc­
of Education of Hammond were declared to be valid by
tion of the Kansas Oklahoma & South Western Railway Co.,
Judge Tnthill in the Lake County Superior Court at Ham ­
which were recently authorized, will not be issned until the
mond on August 9, 1898, and the work of erecting a new
road is in operation. Securities will bear 6t interest and
mature in 20 years from date of issue. Principal and interest school building will be begun at once.
Hasbrouck H eights (B orou gh ), N. J .—Bond Offering.—
will be payable at the Kansas fiscal agency in New York.
Bonds when issued will be delivered direct to the railroad Proposals will be received by G. H . Ramsden, Borough Clerk,
company.
until September 6, 1898, for from $12,000 to $15,000 i f bonds.
Cattaraugus, N. T.— Bonds Not Sold.— W e are advised
that, owing to a change in the State law, the Board of Securities will be in denomination of $1,000, dated September
Water Commissioners found that a village cannot sell 20-year 1, 1898; interest will be payable semi-annually. Principal
straight bonds, so the $7,000 i f water bonds for which pro­ will mature September 1, 1916, to September 1, 1928. Each
posals were asked until 1 p. si. August 4 , 1393, will have to be bid must be accompanied by a certified check for $300, to be
re-advertised, and securities will be payable in instalments.
The date of the new sale has not yet been determined upon. drawn to the order of the Mayor and Council of the borough.
Crafton (B orou gh), Pa.— Bond Offering.—Proposals will
be received until 6 p, m . August 23, 1898, by this borough for
$16,000 i f coupon funding bonds and $3,501 i f coupon sewer
bonds. Securities will be in denomination of $500, dated
September 1,1898, and are free of tax: interest will be pay­
able March 1 and September 1 at the Freehold Bank of Pitts­
burg, Pa. Principal will mature $2,000 on September 1 in
tne years 1901, 1904, 1907, 1910, 1913, 1916, 1919, 1922, 1925
and $1,500 on September 1, 1928. A certified check made
payable to the order o f H . O. Cameron, Borough Treasurer,
for of of the par value^ofjjtne |amonnt bid must accompany
each^proposal.
D anville (P a .) School D istrict.— Bonds Refunded.—$7,000
of school bonds of this district which matured August 1,1898,
have been refunded by an issue of 5-year bonds.
D ublin (T exa s) School D istrict.— Bonds Not Approved.—
Owing to the fact that the $20,0C0 of school bonds which were
voted at the election held March 1, 1898, were not approved
by the State Department, this District will not build a new
schoo'-house at present.
Eastlianiptou, Mass.— Loan Paid.— The temporary i f loan
of $20,000 which this town negotiated in April last with E. C.
-Stanwood & Co., Boston, was paid on August 6 by the Town
Treasurer.
Eastport (M e.) School D istrict.— Bonds Not Vet Issued. —
W e are advised that no action has yet been taken in regard to
the issuance of the $20,000 i f 20-year gold school-house build­
ing bonds. The city will borrow the money from local banks
to pay the contractors, and issue the bonds after the work is
completed.
Essex County, N. J .— Bond Sale.— On August 10, 1898, the
§500,100 of i f gold park bonds were awarded to Mason, Lewis
& Co. and the Illinois Trust &J3aving Bank at 112119, about
a 3'12t basis. Following are the bids received :

The official notice o f this bond offering will be found among
the advertisements elsewhere in this Department.
H averh ill, Mass.— Bond Offering.— Proposals will be re­

ceived until 10 a . M., to-day, by John A . Glines, City Treas­
urer, for $34,500 i f coupon city bonds as follows: $22,000
street-improvement, §10,500 school-house and §2,000 sewer
bonds. Securities are in denomination of $1,000 (except one
school-house bond for $500), dated April 1, 1398; interest will
be payable April 1 and October 1 at the National Bank of
Redemption, Boston, Mass. Payment of bonds is provided
for by sinking fund.
Highland Park, M ich.— Bonds Sold.— The $60,000 sewer
bonds which have been in litigation for some time past and
were recently decided by '.the Supreme Court to have been
properly authorized have .been sold to a local investor at
108-25.
H olly Springs, M iss.— Bond Sale.— On August 2, 1898,
$43,000 of 6f 5 20-year water and light bonds were awarded to
F. R, Fulton & Co., Chicago, 111., for $43,200 and accrued in­
terest. A fall description of these bonds will be found in the
Chronicle of July 2, 1898, page 41.
Houston, Texas.— Proposed Election.—The city officials
have under consideration the calling of an election to submit
to the people a proposition to issue $500,000 street paving
sewerage and school bonds
Hudson County, N. 3.—Bond Offering.— Proposals will be
received until 4 P. M , August 19, 1898, by the Board of
Chosen Freeholders at the Hudson County Ceurt House, Jer­
sey City, for $26,000 i f new bridge bonds. Securities are in
denomination of $2,000, dated August 1, 1898; interest will
be payable JJanuary 1 and July 1. Principal will mature
$‘2,000 yearly from January 1, 1900, to January 1, 1912, in­
clusive. Each bid or proposal must be accompanied by a
Mason. Lewis * Co. i
! Verroilye & Co. (*500,000)
107 176 certified check, payable to the order of Hugh Dugan, County
111. Trust st Ssr.B k.! l*» *> .«»).IIS laa Prov f nst for Say. ($300 .000).
Collector, for 2f of the par value of the bonds bid for. Ed­
Howard Sav. Inst. ($500,000)....
111*52
............
... , D. A. Moran & Co. ($200.0001.. .105-806 ward W . Woolley is the County Clerk. These are the same
E. c : Jones Co. ($ oo.ooo).........m*3o
Franklin Sav. ln*t. ($100 ,000 ). ...Io5‘00
Lampreuht Bros. Co. ($500,00 J).110*879 |Warren N.Truesdell ($560,000./. 105*00
oonds that were advertised for sale on August 4, 1898.
Hun cornbi&.'Jennison 5500.000) 110*56 i or 1*25,000......100 50 , $25,000.. ..107 50
Independence, K an.—B on d s A u th oriz ed .— A t the election
J. t W.86llginan a C » (*5u0,000). 110*337
25.00)......109"00 1 25.0- 0 ,... 107*0>
held on August 2, 1893, the issuance of $13,000 railroad-aid
Blair * Co. ($5 j0.00O) .............108*318 I
25.0 >0 .... 108*50 25,000 . . .1' 0*5 ’
N. W. Harris & Co. ($600.000)...107*413 l
26.000.... 10800 | 25.000.... 106 00
bonds (iu aid of the construction of the Kansas Oklahoma
Bin well \ Everltt ($600,0u0) .. 107*37
. Zweldlnger, Newark ($3,500),104*00
Parson, Loach A Co. ($5o0,0oO) .10.*30 |
Central & Southwestern Railroad), was authorized by a vote
A fall d e 3 c r ip tio n o f th is issu e w ill b e fo u n d in the Chron­ )f 4 to 1.
ic l e o f August 6, 1898, p . 285.
Jefferson City, M o.—Bond Sale—On July 25, 1893, the
E n s worth ( B orou gh ), School D istrict, Pa.— Bond Sale.— . $6,000 5f street improvement bonds were a warded to the
On June 30, 1898, this district sold $8,5.0 5# coupon bonds to , Donaldson Bond & S:ock Company of St. Louis, Mo., for
the Real Estate’ Savings Bsnk, Pittsburg, at 102. Following ' >6,216 80 and accrued interest.“ The followingjare the bids
ai e the bids :
received:

..,.loa

......

336

(Vol, LXVII.

THE CHRONICLE.

INnialdjion Bond k Stout Cj..
i Noel-Young Bend A Stock©o..
st i»>uu
...... ........... 10 .2 *0 $) si. Louts....... ................. to,i?i oo
\V. J. Itaye* .t S'-nt. Clive . . 0,'.'v)7oo I Otmtson, Prior ,k Co,%C1oto... G.FdOO
X. W. Horn* \ Oo.. Chicago. . f»,20t500 f L V. 8t«pben*. JM!or»on City. 0.160 00
Mivti. Lewi* £ Co.. Cbleoxu.. 0,1*7 SO Richnope lit.. Jeffersm City.. 6 .18 6 00
S A Kean. lUitcvo ......... O.lSO&o J. S. Sullivan. Jeffers..a Cltv.. 0.1*0 73
CoQoxrau !^»*n A Treat Co,.
1Gaylord, Blotting A Co.. St. L. 6.000 00
Kafc»s> City.................... 6,180001 Kano A Co, Minneapolis...... 6.00000
Principal will mature July l, 1913, subject to call after
J n ly l, IMS. For further description of bonds see Chron­
ic !.-: July 16, 1898, p. 138,
Johnston (Town). It. I .— D e f a u l t i n I n t e r e s t .- This town
was unable to pay the interest on its bonds which fell due on
August 1, 1898, owing to the fact that about fire-sevenths of
the valuation of the town of Johnston was annexed to the city
of Providence June 1 of the present year, A commission has
been appointed to adjust the debt between the two places,
and as soon as this work is completed the interest will be
paid. We are a 1vised bv Herbert C. Calef, Town Treasurer,
that the Commissioners are meeting about every other day at
present, and it now looks as If they would get the work com­
pleted about September 1.
Kendrick (Idaho). School District No. 24 .— B o n d S a l e .—
The $4,000 of school bonds of this district were awarded July
JO, 1893, to W. E. Bell o f Spokane, Wash., who offered a
premium of $93 for 61 bonds. A description of the issue will
be found in the Chronicle o f July 9, 1898, page 87.
Kingwood, IV. Yu . — B o n d O f f e r i n g P o s t p o n e J.—We are
advised by J. Slidell Brown, Town Recorder, that, owing to
some misunderstanding among persons desiring to bid on the
municipal bonds of the town on the 5th inst., and to some
confusion arising from bids submitted, proposals will be re­
ceived until August 18,1898, for the same securities, viz.,
$10,000 Si side-walk and electric-light-plaut bonds. For de­
scription of bonds see Chronicle July 30, 1898, p. 241.
La llarpe School District No. 4, Hancock County, 111.—
B o n d S a l e .—On August 5, 1895, the $9,500 6 1 coupon bonds of
this district, were awarded to Hungate, Ward & Co., La
Harpe, at par for 4,t£s, they to fam ish all bond blanks and
their own attorney fees. Following are the bids:
Hungatc. Ward A On . La Harpe ($8,500).... ....................................
Mn*<hi. Lewis & Co., Chicago($i*.03l 86)
........................................ 0%
W. J. Hay05 Sc Sons, Cleveland ($9.51?) ...... ......... ..................................... tt*
F. M. McKay. Chicago ($0 ,661))...... ................................................. 6*
Trowbridge, MacDonald & NlrerCo.* Chicago ($9,441)..,....................... 0%
S. A. Kean,Chicago {$9/481)................. ...
.............................. 6*
WilliamC Utile & Bro. Inv. Co., 8t. Louis ($9,16785)............. ............
.......-................................. 6jC
Noel-Young Bond &Stock Co.. 9t. Louis ($9,031).,.............................. 0$
Mason, Lewis k Co., Chicago (fS.iVH 17)....... — ............................... .
Trowbridge. MacDonald ANivor Co., Chicago ($8,381)........................... 5|t
German-American Bunk. Fort Madison ($8.060)
...... ............... 0%
Sharpe, Berry Bros.. Carthage $5,«0O)
........... ............... 04
Trowbridge. MacDonald & Nivor Co , Chicago ($8,5il).........................
Mason, Lewis A Co., Chicago ($-1,660)........ - ........ ............ ............. 4%
Principal will mature $500 yearly on August 1 from 19)1 to
1917, inclusive. For further description of bonds see Chron­
icle July 30, 1898, page 241.
Laurium, Mich .— B o n d s V o t e d .—At a recent election held
in this village the issuance of $35,000 sewer bonds and $15,000
water works bonds was authorized.
Leipsic (T illage), Putnam Co., Ohio.—Rond O f f e r i n g .—
Proposals will be received until IS m ., September 1, 1898, by
A. A . Kober, Village Clerk, for 10 6,1 bonds not to exceed
$1.000 each, dated Ssptember 1, 1898. Interest will be pay­
able March 1 and September 1, until September 1, 1908, and
from September 1, 1908, said bonds, together with the interest
thereon, to be paid one bond yearly on September 1 from
1909 to 1918, inclusive. Securities are to be known as Eastom,
Pearl and Belmore Street improvement bonds, and are issued
pursuant to Sections 2270, 2272, 2704, 2705, and the amend­
ments thereto of the Revised Statutes of Ohio, aud Ordinance
No, 197 of said Village passed on July 18, 1898, authorizing
their issue.
A t the same time and place proposals will be received for
10 61 bonds not to exceed $30) each, dated September 1, 1893.
Interest will be payable March 1 and September 1, until Sep­
tember 1, 1908, ami from September 1, 1908, said bonds, to­
gether with interest thereon, to be paid one bond yearly on
September 1, from 1909 to 1918, inclusive. Securities are to
be known as “ East Defiance Street Extension Improvement
Bonds,’ ’ and are issued pursuant to Sections 2270, 2272, 2704,
2705, and amendments thereto of the Revised Statutes of
Ohio, and Ordinance No. 199 of the Village of Leipsic, passed
on the 18th of J uly, 1898, authorizing their issue.
Lexington, Miss.— B o n d -Yews.—W e are advised by W. K.
Durden, City Treasurer, that the newspaper report of a sale
last week ol $20,000 refunding bonds was incorrect. The city
will not refund its debt before next spring.
Lima, Ohio.—Rond S a l e .—On August 8, 1898, the follow­
ing bids were received for the bonds offered on that date,
which were awarded to R. Kleybolte & C o ,:

Bond Sale.— The Sinking Fnn l Commissioners have been
awarded a $35,000 1-10-year Lundbsrg St. Bridge loan as 3 '.;
per cent bonds.
Manchester, N. II.—Temporary Loan .— Oa Friday evening,
August 5, 1898, at a special meeting of the Common Council,
au order for a temporary loan of $100,009, in anticipation of
taxes, was passed by a unanimous vote.
Marquette, Micli.— Bids.— Following are tbe bids received
July 35,1898, for the $10,000 5;: 15-year light and power im ­
provement bonds:

W. 1 i > V ".\ 8<m». d ev a..,. $U,07 7 CM)f IliMlU 11, Prior & Co,, Clove.. 10,871) 00U. Kleybolte 4 ri,.,iinolu
ii.o n in I.,in ;ir,'-‘hi Bre». Co.. Ciavo.. 10.8718.1
S» i«Oat- •)<! X Mm.—. Cm«ln 10,',' l l 00 s A. Ko«i.ClUoaso............... 10.80001)
N. W. Harris x < i .t hi
. 1O.07S '> |Enrsou. Lsavti x Co., Cltlo&so 10,700 00 Mason, Lewis A Oo., cniamo. w,M& oo I
As stated in the C h r o n i c l e of July 3), 1898, these bonds

were awarded to W . J. Hayes & Sens, Cleveland, at 110'77,
These securities are the unissued remainder of $35,000 of
bonds voted at the election held July 33,1897, under A c t of
the Legislature, approved May 15,1897. Interest will be pay­
able semi-annually at the office of the City Treasurer, The
bonds are issued in denomination of $500.
W e are informed by Mr. Franklin E. Bay, the Comptroller,
that the improvements inaugurated last fall have been suc­
cessfully completed, and the Light and Power Commission
now have a surplus of power which they will donate to any
manufacturing enterprise that may decide to locate in the city.
Massillon, Ohio.— Bond Ordinance Passed.— On A ugust 3,
1898, the City Council passed an ordinance providing for the
issuance of $4,000 public library bonds, as authorized by an
A c t of the Legislature.
Maynard, M inn.— Bond Sale.— On August 8,1898, the $2,600
Of 10-year water-works bonds were awarded to Gustav Eliason, Montevideo, at 101-153. Bids were also received from
the Yellow Medicine County Bank, Granite Falls, and S. E.
Kean, Chicago. Several other bids came in, but too late for
consideration.
Mercer County, Ky.— Bond News.— Refunding bonds to the
amount of §145,000, bearing interest at 4$, payable semi-an­
nually, and maturing 30 years from date of issne, will shortly
be issued by this county.
M illrale (B orou gh), Pa.— Bond Election.— At the general
election to be held in November it is expected the people w ill
vote on the proposition to issne the following bonds: $10,800
Town Hall, $5,000 for a pump to be placed in the borough
water-works, and $9,200 for the floating indebtedness of the
borough. The Borough Council has not yei passed the nec­
essary ordinance to this effect, but the Borough Solicitor has
been directed to prepare it, and favorable action on it will be
taken at the next meeting of the Council.
Minnesota.— Loans Authorized.— The St. Paul “ PioneerPress” states that the loans considered by the State Invest­
ment Board oa Saturday, August 6, 1898, have all hsen
passed upon and approved'as follows:
Dist. No.
County—
Murray................ ........ 70
Mcrrison.........._.
MiheLacs........... ......... 14
W ilkin........... . ...... 00
.......
1
Pope..............
Wright.,.......
........ 104
Todd............... — ....... 126
Grant.................... ____ 129
Polk..................
Becker — ..........
Marshall.......... . .......
77
Cottonwood........ .......
26
Kittson.................
Blue Earth........... ........ 53
Murray.................
Rice ...................
24
Todd..................... .......
Washington........
Polk____ ______
Le Sueur.............
Marshall,.............
LacQut Parle ....
20
Jackson................ .......
6S
Stevens.............. .......
Wadena....... .—

i m ’l.
$300
425
200
000
550
2,000
450
700
S50
800
650
200
600
800
2,000
500
650
800
450
1.000
600
800
700
350
270

County—
Dut. No. Am't.
Polk..................... .
560
Watonwan,., .....
000
Todd........ .
•100
...... 48
Pine...................... ......
6
600
Anoka............. .
600
3)0
P olk....... .
1,200
Norman .... . . . . . . . . . ...... 88
300
T raverse............. ....
9
565
300
R ice...................... ...... 20
Lincoln ....... .
•100
L y on ......................
400
Red Lake....... .
.....
1
250
Martin....... .
800
Todd......................
400
Norman.. . . . . . . . . . .
400
400
Chippewa. ............
390
Chippewa . . . . . . __ .... . 53
409
Fillmore........ .
Becker....................
500
McLeod....... .
600
The township loans were;
$509
Greenleat. Meeker County......
Spriug Prairie, Clay County...... 1,500

Missouri.—Ronds Registered,.— On August 9, 1898, the State
Auditor registered $599 bonds each of School Districts Nos.
53, 73 and 35 of Platt County. These securities were issued
on August 1,1893, for building purposes, aud are to bear 1%
interest.
Moultrie, Ga.— Bond Offering.—Proposals w ill be received
until 6 p . m September 1, 1898, by the M iy or, Clerk a n d
Treasurer, for $6,00) Of gold water-works and electric-light
bonds. Securities will be"in denomination of $t,030. P rin ­
cipal will mature in 1918. J, G. Culpepper is the Mayor.
Muskegou, Mich.— Bonds Refunded.—A 6£ Apple Street
improvement bond of this city was recently redeem sd by is­
suing a new bond for $3,000 at 5% and paying the balance in
cash.
Newark, N. I .—Temporary Loan Authorized .— The Comp­
MdtnStreet S. mini St. St. Fund 8pic.St.Im troller has been authorized to issue temporary loan bonds to
150,000
5-1,200
>20,000 $20,000
paving0%. Pmnw r-t, BmtU. BotuU.
the amount of $600,000 in anticipation of the collection of
K, Kieyboit.' &co., cmeuuiAti.. . $>3.0 000 0 $3 ,3 :0 0 0 $2 mho 00 $21,48 00 0 taxes and special paving and sewer assessments.
Denison. Prior A *o.. Clovalumi..* 62.010 10 3,154 85 21,(00 60
21,45850
Farson. Leach A Co.. Chicago. . . 62,0 )'. 09 3.10685 21.130 00
21,43000 Bond Sale.— The $100,003 school bond, the issuance of
Seasongood k Mayer. Cincinnati. - 62,81750 8,153 25 21,402 25
21.87725
The Lahibrectat Bro* Co., Clove - 52.670 00 .3,164 88 21,368 00
21,368<jQwhich was recently recommended by the Finance Committee,
W, .1. Have* k SOU*. Cleveland.... 62,04600 3.160 O') 21,35900
21,35900 was authorized by the Common Council on August 5, 1898.
8. A. Baxter &Son*. Limn ........ 82.012 00 8,16800 21,327 00
21,82700 The bonds were immediately sold, being taken by the Sink­
American National Bank, Lttnv.. 62.00000 3,146 00 21,202 60
21,30360
Citizens’ Sav.ALoaoCo.,MtusllTO. 62,490 00 3,150 00 21,212 00
21,21200
First National Bank, Lima ....... 62,00000 ........
........
........ ing Fund Commissioners at par on a basis of 4% interest.
New First Nut. Bank, Columbus.. 61.876 00 8,11200
........
20,970 00 The Comptroller decided not to wait to have a bond en­
r*t For description of bonds see C hronick July 30,1808, p 341. graved, and so had one engrossed with pen and ink.
New Kensington, Pa.—Bond Election .— The Borongh
Lowell. Mass. — T e m p o r a r y L o a n A w a r d e d —On August 8,
18 98, a $76,000 three-months' loan in anticipation of taxes Council has passed an ordinance providing for an election
was awarded to the Lowell institution for Savings at 2 % per to be held August 3), 1898 (not August 13, as reported), to
cent interest. Ten other bids were received, in some cases vote on the question of issuiug $15,000 sewer bonds aud $15,with the request that the amount o f bid should not be pub­ 000 street paving and curbing bonds. The bonds will prob­
lished. After the award the amount of the loan was in ­ ably bear 4 or 4%% interest, and mature in 30 years from
date, redeemable after 15 years.” ■fjOB
creased to $100,000 at the same rate of interest. ,j

A ugust 13, 169?.]

THE CHRONICLE.

387

New Rochelle, N. Y .—Bond Election.— A n election will be office, for $4,000 8# street-improvement bonds. Securities will
be held on August 30, 11:98, to vote on the question of issuing be in denomination of $500, dated August 15, 1898; interest
will be payable February 15 and August 15 at the Citizens’
$150,000 of road-improvement bonds.
New York City. N. Y . - B i d s — Ou August 8, 1898, Comp­ National Bank, Oberlin. Principal will mature ou August
troller Coler opened bid3 for $13,686,992 36
gold corpo­ 15, $500 in 1899, $500 in $1900, $1,000 in 190L, $500 in 1902,
$1,000 in 1903 aud $500 in 1904. Said bonds are issued under
rate stock of New Y ork City as follows:
Newburg Savings Bank—
Vermilye A Co.and Kuhn,Loeb & C o .sections Nos. 2704, 2705 and 2708 of Revised Statutes of Ohio,
Any issue 19J7, $50,000...........105*75
All or none
........................... 105 os
in anticipation of the collection of a special assessment.
(Subject to approval o f counsel as to Anv issue 1917, 50,000........... 106*12
Any issue 1917. 50,000
106*50
legality )
A t the same time and place proposals will be received for
Blake Bros. A Co. and Harvey Fisk or any issue 192a, 50,000...........109*e0
$1,900 6% sewer and drainage bonds. Securities will be in
or auy issue 1928, 50,000.......... 108*i0
A Sons A llo m o n e ................................ 104*79 or any issue 1928, 50,000...........108*90
denomination
of $100, dated August 15, 1898; interest will be
Relief Fund, Fire Dept., N. Y. C.—
(Subject to approval *'f counsel as to
payable August 15. Principal will mature on August 15,
Public bath bonds, $£0.000.
106*00
legality.)
Hospital bonds.
£0,000......106 00
Produce Exchange Trust C o .$300 yearly from 1899 to 1903, inclusive, and $400 on Aug. 15,
C. E. Lambert—
All or none ......
................ 101*94
.................... ...... $100.000......100*00
1904. Securities are issued in Sewer District No. 2. or Spring
Whann & Scblesinger—
Geo. G. DeWitt, Excr. Ogden Goe'et — Street District, pursuant to sections Nos. 2704, 2705 and 2708
Bonds of 19-8, $1,010,000, or any part,
109*00
f $25,000... 108*80
Docks and ferries, j 25,000.. ,107*85
of Revised Statutes of Ohio, in anticipation of the collection
Farmers’ Loan & Trust Co.—
Aqueduct bonds, $1,000,000.......1( 7*78 or East Riv.Bridge I 25,000... 106*25
of a special assessment and pursuant to an ordinance of said
{ 25,000... 105*85
Aqueduct bonds, >,000,000...... 107*987
Schermerhorn Bank, Brooklyn —
Park bonds,
1,000,900...... 108*194
village passed July 13, 1898, authorizing the issue of said
Aqueduct bonds, $100,000........10S*00
or for anv bon^s of 19J8.
bonds.
Henry Clews A Co.—
Ladenburg, Thaltnann A Co.—
$100,000..........100*00
Bonds of 192**. $500,000.......... 104*896 Any issue,
Orleans Levee D istrict, La .—Bond Offering.— Proposals
5,000 ..........101*00
Bonds of 1928. 500,000 ...........106*02 Any issue 192s*.
(Queens Co. Bank, Long Island City— will be received until 12 M. August 25, 1898, at the office of
Bonds of 1928, 500,000.......... 106*92
Bonds of 1928, 235,000. ...........107*03 Any issue 192S, $.00,000............ 102*00
the Board of Commissioners of this district, Room No. 14,
Sprague National Bank, BrooklynZimmerman A Forshay—
Masonic Temple, N ew Orleans, for $325,000 (or any part
Museum Natural Hist., $50°,000.107*30 Aqueduct bonds lwl7, $100,000. .105*00
or any issue 1928,
100,000.. 105*50
East River Bridge,
500.000.107*56
thereof) of 5% Levee District bonds. Securities will be in de­
Portchester Savings BankPeople’s Trust Co., Brooklyn—
nomination of $1,000; coupons attached payable March 1 and
.................................$1,000,000..1C1*00 Bonds o f l>2a $io,0o0..............l r7*07
Bonds
of
1928,
10,000.............
106*05
Merchants’ National B ankSeptember 1. Each proposal must be accompanied by a cer­
Aqueduct bonds,
$250,000.106*35
Bonds o f 1928, 10,000............. 105*82
tified check representing
of the amount bid. Bonds are
.1(6*97
Docks A ferries bonds. 250,coo.l03*60 Kitchen & Co., 5,000.......
Kitchen A Co., 5,000............ 106*93
Importers’ A Traders’ B ankauthorized by A c t 116 of the Legislature of 1898. T. J. DngKitchen A Co., 5,000..............106*89
Bonds of 19*'8. $50 \0u0.......... 106*00
gan is Secretary of the district.
Kitchen & Co., 5,000.............. 106*22
Brooklyn Trust Company—
Watermain bonds 1917,f 300,000.107*251 L. Napoleon Levy, $25,000 ...... 102*00
Oshkosh, IVis .—Bonds Sold. — The $91,000 4;4 20 year semi­
or school bonds 19*28, 300,000.109*851 Florence G. Joseph, $5,000...... 102*40
annual funding bonds and the $15,000 4# 20-year (optional)
or any issue 1928.
30«',000.109*851 Jacob Sternberg, $5.000...........103*40
L. A. La wrenceile. $5.000........ 103*05
Hamilton Trust Co.. Brooklyn—
annual school bonds have been sold to Seymour Bros. & Co.,
Aqueduct bonds. $200,000........105*75
JohanDa W. Binsse, $5,000........ 102*00
New York, at 103-125.
Tbomas H. Ham. $4,000......... 103*00
Nassau Trust Co., Brooklyn—
Any issue 1928 bonds. $ 00.«h0 .102*34 Darnel Eichner, $1,000..............101*06VT
Ottawa County (P . 0 . P ort C linton), Ohio.— Bond Sale.—
H. L. Parker. $1,000 ................ lOu’125
Manufacturers’ National BankAqueduct bonds. $200,000........103*50
Allen Carruthera (1928) $500... 103*875 On August 8, 1893, the $15,000 6£ coupon bonds were awarded
Hugo Scheller, $300.................100*00
Manufacturers’ Trust C o .to R. Kleybolte & Co., Cincinnati, at 121 673. Following
East Riv. Bdge. bonds, $150,000,107*78
On account of the conditions attached to the two highest are the bids :
bids, it was claimed that those bids were irregular, and that
•onsequently the bonds should be awarded to the next highest
bidder, and on Wednesday, counsel for Zimmerman & For­
shay sent a protest to the Comptroller against the acceptance
of any of the three highest bids, claiming that the awarding
of the bonds to either one of them would be against the in­
terests of the city.
On Thursday Assistant Corporation
Counsel Connoly sent to the Comptroller his opinion on the
legality of the joint bid of Vermilye & Co. and Kuhn, Loeb
& Co., as follows:
Silt: I am in receipt o f vour communication bearing date August 9, stating
that at the opening o f bids for $12,688,992 36 of
bonds, on the 8th. the bids
which you inclose were received—one from Vermilye A Co. and Kuhn, Loeb A
Co. at 105*03, subject to the approval o f the legality o f the issues by their coun­
sel. and the other from the Produce Exchange Trust Company and others at
104*0). without qualifications.
You also transmit two protests against awarding these bonds on the bid of
Vermilye A Co. and Kuhn. Loeb A Co.—one from the President o f the Produce
Exchange Trust Company and the other from the Secretary o f the Hamilton
Trust Company.
I have also received a further communication from you bearing date August
10. inclosing two letters, one from Vermilye A Co. and Kuhn. Loeb A Co., the
contents o f which will t»e noticed later ou, and a letter from T. A. Beale, Esq.,
Vice-President of the Produce Exchange Trust Company, which informs you
that the company has conferred with its attorneys. Dillon A Hubbard; that said
attorneys will be able to furnish to the company an opinion on the matters in
question not later thau 12 o’clock on the lltli Inst., which opinion the company
will transmit to you on its receipt.
It is stated in the bid o f Vermilye A Co. and Kuhn, Loeb A Co.:
“ Our bid is made subject to the approval o f the legality o f the issues by onr
counsel.”
The bids of the Produce Exchange Trust Company and Hamilton Trust Com­
pany are unconditional.
1 have given to this matter an amount o f consideration appropriate to its im­
portance ana in my opinion* you can accept the bid of Vermilye A Co.and
Kupn, Loeb & Co., lor the following reasons.
It is, of course, true, that if the clause in the bid In reference to obtaining the
approval of counsel is to be literally construed, the bid Is bad. for the reason
that it places the private counselor the bidder In the position o f arbitrator
between the city aud the bidder.
This, 1 need not say. is a position not to be tolerated, and If^the bid Is to be
construed as remitting the entire matter to the opinion o f the private counsel
In question, the Did tiled by these gentlemen Is really not a bid at all.
But, however, this Is not the real situation arising upon the making o f the
bid by \ ermilye A Co. ana Kuhn, Loeb A Co.
J have no doubt that under the decisions o f the Courts (see the case of
Nought vs. \\ iliiams, 120 New York. 253. and cases there cited), the meaning of
this bid is simply tnat the bidder will take the bonds If they are valid, which is
in no way dinerent from the condition annexed by the law to the sale, and I do
not think any Court will construe the bid in a different way.
The Court will hold, in my opinion, upon the presentation o f the question,
thut if the bonds are in fact valid, as they uudoabtedly are, then an opinion of
counsel disapproving them would not relieve the bidder from the obligation
to take the bonds, because if In fact the bonds are valid counsel would have
no right to disapprove.
I by no means commend this form o f bidding, which is new in this city,
though much used, as you doubtless know, on the sale o f bonds in other locallties, because it forms a bad precedent, inasmuch as it annexes apparent couditlong to a bid that should be absolute, and to prevent any repetition of the
dimculty which has now arisen 1 would recommend in all future sales of bonds
in tue terms of sale a clause reciting that no bid other than an unconditional
and absolute one will be received.
It appears from the letter o f Vermilye A Co., already referred to,'bearing date
August 10, that what 1 have before indicated as being the legal effect of their
bid is exactly the eflect which they intend to give to it.
or course their understanding of the legal effect of their bid Is not conclus­
ive, nor even controlling, but I decide the matter not upon the letter of Verrnilye & Co . but upon the bid Itself.
As, however, under their letter they announce themselves as ready anl will­
ing to carry out their bid absolutely, I would suggest that you promptly notify
them to do so and so set in running the time within which they must comply
with the terms and conditions o f sale.
1 may state that I have had opportunity o f consulting the Corporation Coun8
0
and that he concurs with the views hereinbefore expressed.

On it riday the Produce Exchange Trust Company, whose
bid of 104'94 for the eDtire issue was without conditions, ob­
tained from Judge Dngro of the Supreme Court an order re­
quiring the Comptroller to show cause why the entire issue
of bonds should not be awarded to that company. A s the
order does not come up for hearing until Wednesday, the 17th
inst., no action will be taken until that date. The order does
not act as a stay, but Comptroller Coler, not wishing to be
discourteous to the Court, will await its decision before pro­
ceeding further.
Oberlin (V illage), Ohio.—Bond Offering.— Proposals will
be received until 2 p . m . August 15, 1898, at the Mayor’s

R. Kleybolte A Co.. Cincin....$18,251 00 I Lamprecht Bros. Co., Cleve. .$17,869 00
Farson, Leach A Co., N. Y .. >
Briggs, Smith A Co.. Cincin.. 17,860 25
Mason. Lewis A Co., Chic... ( 18,067 50 |Spitzer A Co., Toledo .......... 17,793 75
Geo. F. Penhale for W. J.
, Seasongood A Mayer, Cincin. 17,700 00
Hayes A Sons. Cleveland. . l a,046 50 German-Am.Bk.,Port Clint’n 17,475 00
Denison, Prior A Co . Cleve.. 18,040 50 I New First Nat. Bk..Columbus. 16.850 00

Principal will mature $500 yearly on August 15 from 1904
to 1918, inclusive. For description of bonds see C h r o n i c l e
July 30. 1898, p. 242.
Pacific County, W ash .— Bond Neics.—In the C h r o n i c l e
July 23, 1898, we stated that an offer had been received by
the city for $37,000
funding bonds. W e are in receipt
of a letter from Mr. A . P. Leonard, County Auditor, stating
that bonds have not yet been issued, but that they would
most likely issue some the latter part of this year.
Pitcairn (B orou gh ), Pa.— Rond Sale.— This borough the
latter part of June sold $8,000 5% school bonds to W illiam
Bell & Co., Pittsburg. N o other bids were received. Mr.
Bell paid for the printing of bonds. Securities are in de­
nomination of $1,000, and principal will mature $1,000 yearly
from 1909 to 1916, inclusive,
Pocomoke City, Md.— Bond Offering.— This city will re­
ceive proposals at any time for $30,000 (or less) water-works
and sewer bonds, recently authorized by the Mayor and City
Council. Interest will not exceed 5%, and will be payable at
Pocomoke City semi-annually.
Principal will mature 30
years from date of issue. If bonds are not sold privately
the city will advertise for sealed bids
Pomona Township (111.) School D istrict No. 1.— Bonds
Proposed.— This district has under consideration the issuance
of bonds for a new school building.
Proviso (Tow nship), 111.— Bond Sale.— On August 1, 1898,
$15,000 6% road improvement bonds of this township were
sold to the Trowbridge, MacDonald & Niver Co., Chicago, at
102. Securities are dated June 1, 1898. Principal will mature
June 1, 1899, to June 1, 1903, inclusive.
Ramsey County, M inn.— Bond Offering.— Proposals will be
received until August 20, 1898, by D. M. Sullivan, County
Auditor, or A . R. Kiefer, Mayor of St. Paul, M inn., for $50,000 of Ramsey County bonds. The securities will be dated
September 2, 1893 ; interest at
will be payable semi-an­
nually at the office of the County Treasurer, or at the finan­
cial agency in New York City, and the principal will mature
September 2, 1908. The denomination of the bonds will be
$100, and in awarding the bonds preference will be given to
small bids from citizens.
Roanoke, Y a .—Bonds Retired.— According to local report,
the City Council has voted to retire $15,000 6£ bonds from the
surplus of the sinking fund.
Rochester, N. Y .—Bond Offering.— Proposals will be re­
ceived until 11 a . m . , August 1 5 ,1898, by Samuel B. W illiam s,
City Treasurer, for $200,000 (or less)
registered water­
shed bonds, dated August 1, 1898. Interest will be payable
February 1 and August 1 at the Union Trust Company of
New York. Principal will mature August 1, 1918. Securi­
ties are issued pursuant to Chapter 1018 of the Laws of 1895.
Purchaser may be required to deposit with the City Treasurer
2% of the amount awarded to him within forty-eight hours
after such award. Bonds are to be in denomination of $5,000
each.
Sandusky, Ohio.— Bonds Authorized.—A t a recent meet­
ing of the Finance Committee resolutions were passed pro­
viding for the issuance of $17,000 of general refunding bonds,
$3,000 to mature in 14 years and $9,000 in 7 years, interest
to be at 4 1
payable semi annually. These new bonds are
issued to refund an equal amount of outstanding bonds which

THK CHRONICLE.

3-: 8

fVOL. vx\ II.

■were 5>sneJ about five years ago to pay for paving Columbus issued to take up a similar amount of Gs and 7s. Securities
Avenue anti for sewers on Shelby, Meigs aim Mivlison streets have been sold at a premium of l* pt.
and for Tyler Street opening.
Towner County. N. Bilk.—Bills Rejected.— W e are in­
Sharon (Tow nship), P. 0 . Shelby, IMcblaiul Co., Ohio.— formed by the Auditor that on July 5, 1898, all bids for the
Bond Stile.—Township bonds to the amount of $2-5,100 were $20,(00 of -I gold court-house bonds were rejected. The
recently awarded to Seas on good & Mayer, of Cincinnati, at bonds will probably be again offered for sale in the near
future, but no definite action has as yet been taken. A
109 006, The securities bear interest at Of.
description of the bond , will be found in the C hronicle of
South Hadley Fails, Mass,—Aeon Authorized.— At the
June 11, 1896. page 1157.
special town meeting held on August t, 1898, the Town
Trenton, N. J .—Bond Sale.— On August 5, 1898, the $72,000
Treasurer was authorized to borrow $5,000 at not exceeding
■i! refunding bonds were awarded to lllodget, Merritt & Co.,
tw interest, and the loan to mature in one year or less. W e
Boston, at 106 278, Following are the bids:
are advised by the Town Clerk that the loan may not be ne­ BifMljjvt, Mprrttt X CV, BO'ion IOCS'S I W. K. II. Smith,New Tnrtt..... K1V705
MhiMTiu,
.. lotVi& * Bertrou & Srorrs, New Vork...m-7&
gotiated at all, as it is likely the State will furnish the money
Gen. M. Hahn, ’•mv York
. . W " - :. \w. .1. Hayes & Sons. Boston... 104**5
when needed for the construction of the State highway,
Benwell ,V Evertri. N'cv York.,. H'4*015 |alinn A Band, Now York........ 101:72
Sutherland (Io w a ) School D istrict.— Bond Sale.— On Whann N>'.-li!>"*it: ,*. r. N. V..... to: v.d I N, W. Harris- &Co , New York. t"1*073
Adam* Sc Cm. Hostou............. iOI>*57 1R, KlovboHe A Co.. Cincinnati.L<H-(55l>
August 10, 1898, the $2,C00 5 school bonds were awarded to Street, Wvkrs ,v (V... N..U York.l05*v-1 R It. R ollin s & Sons, B •«tom .lOP5tHF
V; -v Vi*rk .. 105*190 I Walter Stan ton Sc Co,. N. Y .„ . 105*70
the First National Bank, Barnesville, Ohio, at 101*15. Prin­ Kdw, c. j«u&>
Principal will mature September 5, 1908. For description
cipal will mature >5C0 yearly on December 1 from 1901 to
19ft inclusive. For description of bonds see C hrosiclr , of bonds see C hronicle August R, 1898, page 288.
Two Harbors, Minn.— Bonds Voted.— On August 2, 1898,
July SO, 1898, p. 248.
Sycamore ( 111.) School D istrict,— Bond Offering.— Propo­ , the village authorized the issuance of $8,000 electric light
sals will he received until 12 m August 31. 1898, by the Board bonds by a vote of 194 to 37. Principal will mature $2,000
of Education, for $15,000 1’ .yt school-building bonds. Securi­ yearly from 1900 to 1903, inclusive. Date of sale and other
ties will be in denomination of $1,070; interest will be pay­ details of this issue have not yet been determined upon.
able April 1 at the office of the School Treasurer in Sycamore.
W alla W a lla Comity School D istrict No. t. W ash .—Bond
Principal will mature $1,000 yearly from April 1 , 189D, to Offering.—Proposals will be received by M. H. Paxton, Coun­
ty Treasurer, until 10 a . m . August 15,1898, for $30,603 school
April 1, 1913, inclusive.
bonds. Securities will be in denomination of $500. Interest
Syracuse. N. Y.— Temporary Loans.— The city on July 26,
1898, placed a loan of $125,000 with the Metropolitan Trust will be payable semi-annually at the office of the County
Co. of New York at !>>, payable November 25, 1898. The Treasurer or such other place as the bidder may designate,
city also negotiated a loan’ of $107,000 with Blake Bros, on bidders to name the price and rate of interest at which they
August 8, 1698, at 3-20>, payable December 3, 1898.
will purchase such bonds or any part thereof. Principal will
Tiffin, Ohio.— Bonds Defeated.—A t the special election mature ten years from date of issue. These bonds were
held on August 8, 1698, the proposition to issue $10,(00 6£ authorized at the election held July 9, 189$, in accordance
with Chapter 7, sections 117, 118, 119, &e., School Code,
Fire Department bonds was defeated.
Topeka, Kan.— Proposed Ela tion.— A special election will State of Washington. Total debt of this district, including
he held in the near future for the purpose of submitting to this issue, is $79,120 40; assessed valuation, $3,122,035; popu­
the people the question of issuing water-works bonds with lation, 12,000.
W arren (B orou gh), P a.— Bond News.— W e are advised by
which either to purchase the plant of the present company or
to build a new plant.
John Masterson, Borough President, that the $50,060 water­
Bt nets Registered and Sold.— On August 4, 1898, the State works bonds which were voted on July 13, 1898, will not be
Auditor registered $125,000 5? refunding bonds which were issued until the decision of the Court is rendered in the m at-

N E W LOANS.

N E W LOANS.

s ;o o ,o o o

TO T H E H O L D E R S O F

V irginia Deferred Certificates M O B I L E ,
Theundersigned. at the reaueet o f holders o f a large
amount o f the Certtllcates, have agreed to act as a
committee, and. In conjunction with Col R P. Chew
of West. Virginia. Virgin Ius Newton of Virginia, and
other eminent citizens o f the two States, to make an
effort to obtain a compromise and settlement of this
inter State debt.
The Certificates (or Trust Receipts representing
them) should be promptly deposited with B R O W N
B R O T H E R S A- COM PAN V. 5 9 W A L L
S T R E E T , New York City, so that arrangements
may be imde in time to submit a proposition to the
next Legislature.
Deposits will be made under an Agreement pro­
viding, among other things:
1st. That as soon us a majority o f the Certificates
are assembled the Committee shall formulate a
practicable plan o f settlement and submit it to an
Advisory Board, consisting o f HON. THOS F.
BAYARD. Hon. WILLIAM PINKNEY WHYTE.
Hon. EDWARD J. PHELPS and GEORGE G.
WILLIAMS. Esq.
I f said plan be recommended by the Board it shall
be published and submitted to the depositing tred •
itors for thirty days. If said plan be accepted by
holders o f a majority In value o f the deposited cer
tiikates. it shall bo binding on all, and shall be pre­
sented to the Legislature to be curried Into effect by
appropriate legislation.
2d. The bonds, when received In settlement, shall
be fu-i*eased by the Committee to,pny the cost of
settlement, but such assessment shall not exceed
five per cent in cash cm par o f the Certificates
originally deposited with the Committee.
If the Committee find that a satisfactory settle­
ment cannot bo promptly concluded, they may assess
holders so much of twenty cents per $100 o f Oertificate# I# will rolmbur-e their expense1' Incurred in
this b«•half.
It l# proposed to duplicate for the creditors of West
Virgtr la the mxlerU king by which the Virginia debt
was ri•eently com proraised.
.Xec<>tiablo Receip » will be Issued for Certificates
representing them.
or for the Trust Roc
A co py of tfcc Agr*jement will be mailed to any nd
diess given tbo Secretary.
JO H N C 'R O S n V B R O W N , C hairm an*
GEORGE COPPELL.
J . K E N N E D Y T O IL
1 C om m ittee.
CLARENCE CAR Y. J
ROBERT L. HARRISON, Secretary.
CARY & WHITUIDGK. Counsel, 50 Wall Street.

W ater-W orks and Sewerage Bonds.
Mobile , Ala., Aug. 5th, 1898.
Sealed proposals for the purchase o f $750,000
Water Works and Sewerage Bonds of the city of
Mobile, or any rortion of said issue, will be received
by the undersigned until twelve o’clock, noon, on
September l'tb , 1898, at whl h time they will he
publicly opened and read.
These coupon bonds will in in the sum of one
thousand dollars each, to the amount of $700,000.
and one hundred dollars each to the amount of
$50,000. and will be dated Novemberl*t, IS S, pay­
able November 1st, 1938, with interest at four and
one-half per cent, payable semi annually on the first
days of May and November In ea«-h year. Prim ipnl
and interest will be paid in lawful currency of the
United States of America at the Chase National
Bank, in New Y- rk City, and at the First National
Bank of Mobile, Alabama.
The issuance o f these bonds is authorized by Sec­
tion 21 o f the Charter of the City of Mobile (Acts of
Alabama, 1896-7, pages 5H 30) by a vote of the peo­
ple of Mobile at a special election held on August. 2d.
1897, and by resolution of the General Council of the
City of Mobile, approved May '■7th. 18' 8.
All bids must be accompanied by certified checks
for 2 per cent o f the amounts bid for.
The rightis reserved to reject any and all bids,
JOHN CRAFT,
A, g. LYONS,
Finance Committee of the General Council of the
City of Mobile Alabama.

*$ i » ,< > o o Jto sB l r>a >v>o
•1 S T R E E T IM P R O V E M E N T BONDS,
B O R O U G H O F H A S B R O t C K H E IG H T S ,

N. .!.

SEALED PROPOSALS will be received at the of­
fice Of tbo BOROUGH CL13HK until TUESDAY,
SEPTEMBER 0,1898. for the purchase of $12,000 to
f 15,000 4 percent 18to HO year bonds denomination
>t.,eoo. Bonds will bear date September 1. 1898; in­
tercut payable semi annually.
Each bid must. be accompanied by a certified check
for $300, to be drawn to ihe order of the Major and
Council, Borough of Hasbrouck Heights. Deposits
will be returned to unsuccessful bidders.
All bids must be sealed and marked "Bond Bid.”
enclosed in a second envelope, addressed to the

C H R O N IC L E V O L U M E S F O R S A L E .
w il l ia m

b. d a n a c o m p a n v .- bh

ALABAMA,

p in e s' ..x.r. 1

Bonds awarded must be taken immediately after
notice that they are ready for delivery.
Circular containing full information upon nppiiTho right is reserved to reject nnv and nil bid*.
G. If. R A M S DEN,
Borough C’erk.

NEW

LOANS.

CITY OF HELENA BONDS
N O T IC E O F C A L L .
H elen a , M on tan a , J u ly 25* 1898*
N otice is h e re b y g iv e n th a t the C ity of
H e le n a . M ontana* w ill p a y the fo llo w in g
Bonds on and a ft e r A u g u st 2 5 , 1 8 9 8 . I n t ­
erest c e a sin g a t th a t date* sa id B on d s bein g
n o w su bject to red em p tion .
H . F , T IL T O N , C ity T r e a s u r e r .
E D W A R D H O R A R Y , C ity C le r k .
FUNDING B O N D S -F irst Issue.
7 Per Cent Bonds Nos. 57 to 79
inclusive, dated Oct. 1, 1884, of
*500 each, a g g r e g a t in g .............$11,500
SEW ER B O N D S -F irst Series,
6 Per Cent Bonds, Nos. 1 to 40
inclusive, dated Dec. 1, 1888, of
$1,000 each, aa gregatin g . . . .
40,000
TOTAL FIR ST C A L L .............$51,50 0
T h e a b o v e B on d s, p rin c ip a l and in te r e s t,
w ill he paid upon p re s e n ta tio n , on and a ft e r
A u g u st 25* 1 8 9 8 , a t the offices o f E. B .G A Y
i t CO., w lio h a v e p u rch a sed a n d a r e p r e ­
p ared to e x c h a n g e the n ew issu e o f refu n d *
ing bonds upon fa v o r a b le term s.

E. H. GAY

BOSTON,

&

C0 „ Fiscal Agents,
NEW Y O R K ,

131 D e v o n s h ir e 8 t .
1 N a ssa u S t.
P H I L VDE L P H I A , 421 C he stiiu t St.

BOND CALL.
TOWN of WINDSOR, ILL.
June HOlh, 1898.
On the first day of October, IS98. at the State
Treasurer’s Office, Springfield. Ill,, I will pay the fo l­
low ing six per cent (6:%) bonds, namely:
Fifty-two (52) bonds of one Thousand (81.990) Dol­
lars each, issued by the Town o f Windsor, Illinois.
Forty (1.0) of said bonds, numbered from eleven;
(11) to fifty (50) both inclusive, dated the first
day of July, 1>82, and five (5) of said bonds, num­
bered from tlfly-one (61) to flf y five (55) both inclu­
sive, dated the 2nd day of November, 1885, and
Seven (7) of said bonds numbered from six (0) to
twelve (12) both inclusive, dated the 1st day of Jan"
uary, 1880. All o f said bonds due In twenty year3
from their dale, with option of payment after five
years from their date, payable to bearer at the State
Treasurer’s Olficc, Springfield, Illinois. All interest
on the above-described bonds, aggregating Fifty-t wo
IMiousand ($52,000) Dollars, wifi cease on said date.
E. A. MOBERLEY,
Town Clerk of Town of W dsor, 111.

THE CHRONICLE.

A ugust 13, 1898.]

ter of the injunction which the old water company has ob­
tained restraining the Board from erecting a water plant.
W ebster Groves, Mo.— Bonds Authorized—The issuance
of bonds for water works has been authorized. W e are ad­
vised that the bonds may be offered for sale some time this fall.
W est G irdner, Mass."— Temporary L a n —This place has
negotiated a temporary loan of $3,0^0 with the Gardner S a v ­
ings Bank for school purposes.
W est Salem, Ohio.— Bond S ale—On August 3, 1898, there
were awarded to the Savings & Loan Association of Mans
field, Ohio, §5,000 of 6% general revenue bonds. A descrip­
tion of the issue will be found in the Chronicle of July 23,
1898, page 194.
W ilc o x Township School D istrict No. 1, Newaygo
County, Mich.— Bond Sale.— On August 1, 1898, the §2,500
school bonds were awarded to The People’s Savings Bank
of Grand Rapids, Mich., at 102. Other bidders were M e­
chanics’ Bank, Detroit, and Webber & Hatch, Neway’ go, who
bid 100. Principal will mature §500 yearly, beginning March
1, 1900. For description of bonds see Chronicle July 30,
1898, page 244.
W ilk esbarre School D istrict, Pa.— Bond Sale.— This dis­
trict recently sold §35,000 fourteen years six and a half
months average oi school bonds to an Eastern firm at 112-32.
W ilm in gto n . N. C.— Bond Exchanged.— The Board of
Aldermen “ recently adopted a resolution authorizing the
Mayor, Clerk and Treasurer to issue certificates of indebted­
ness in exchange for §24,100 of city bonds held by the Com­
missioner of the Sinking Fund, the bonds then to be burned.
W'inona (M in n .) School D istrict.— Bonds Authorized.—
The issuance of §L7,C01 bonds for the school building now in
process of construction has been authorized.
W orcester County, Mass.— Tempor >rp Loan.— The County
Commissioners have negotiated a loan of §40,010 with a Bos­
ton bank at 3 33<{ for payment of work on the new court­
house.
W yandotte (M ich .) School D istrict.— Bond Sale.—On July
29, 1893, §3,000 5% school bonds were sold to N . W . Harris &
Co., Chicago, at 107-575. Followiog are the bids :
N. W. Harris & Co , Chicago.. .$8,606 00 i The Trowbridge. MacDonald
Farson, Leach A Co., Caicago. >*,603 Oo
& Niver Co., Chicago
......1^.541 00
Denison. Prior & Co., cleve... 8,591 Oo I W. J. Hayes & Sons, Cleve ... 8.495 CO
M&son, Lewis & Co., Chicago . 8,589 801 Lamprecht Bros. Co., Cleve... KILL 60
I Rudolph Kleybolte A Co., Cln. 8.440 00

Interest will be payable semi-annually.
Principal will
mature §500 yearly March 1, 1923, to March 1,1906, inclusive,
and $1,000 yearly from March 1, 1907, to March 1, 1912, in­
clusive.
(P .
—D a t e o f Sale .—
are advised that the $15,000 5%
bonds of this township, the offering of which we gave in the
Chronicle of last week, p. 238, w ill be sold at public auction
August 18, 1898, at 1 P. M.

York (Township), Belmont County
Ohio.
We

STATE AND CITY DEBT CHANGES.

Council. This bor­
ough, which is in Allegheny County, was formed in 1894 by
the consolidation of the boroughs of Cbartiers and Mansfield.
LO A N S—
When Due.
C iiartiers B orough B onds —
SIS,000.............................1890-1910
M ansfield B orough B dnds —
$15,500............................ 1899-1910
Carnegie B j NDS—

$22,000........................1911-1921

E

s t a t e c a p it o l bonds
§ 50,000 due July 1, 1903.
§ 100,000 due July 1, 1901.
I 'R I C E

OX A P P L IC A T IO N .

FOR SALE BY

Elyria School District, Ohio.—J. C. H ill, President.

LOANS—
When Due. I Assessed v a lu a tion ’97.$2,907,262
6s, J&J. $10,000........ Ju ly 1, 1899 I Assessm ent about L, actual value.
($500 due yearly) to July 1 ,1 9 1 8 I Total tax (per $1,000) 1897,$28’00
Bonded debt July 1, 1893.$92,636 |P opulation in 1898 (e st.)___9,000

Evanston School District No. 1, 111.— H .

Rudolph Kleybolte & Co,,
BAN KERS.
35 X a ssa u S treet. N ew Y o rk
T h ir d a n d W a ln u t S t s .. C in c in n a t i. O h io .

R.

L.
40

LO A N S—
When Due.
R efunding B onds—
4s.............$30,000............ 1899-1911
($4,500 yearly on A p ril 1 to 1903,
$2,000 in 1909, $4,500 in 1910
and $1,000 in 1911.)
S chool B onds —
4 s...........,$ 3 1 ,0 0 0 ....A p r . 1 ,1 9 1 2
($1,500 yearly to 1917, $4,000
A p ril 1, 1918.

0 ? M ilk S tr e e t, B o s to n ,
1 7 1 L a S a lle S tr e e t, C h ic a g o ,

OFFER FOR SALE :
S t a t e o t illa s n a c b iiH e t iH .....................................3 ^ 8
E a s t c h e s t e r . X , Y .................................................. <1*
441 a * to n bn r y , C o n n ....... ....................................... 4 i
S t o w e . V t ............ .......................................................... ) «
R e n o C o u n t y . K a n s a s ........................................ 4H*
L a k e C o u n t y . I n d .................................................. 3 s
M o m e u c e , 111 .......................................................... 5 s

And Other Desirable Securities.

$17 5 , 0 0 0

Los Angeles Ti action Co,
l 8 t m o r t g a g e 6% 2 0 - y e a r G o l d B o n d s .
T ota l Issue $250,000.
First M ortgage at $14,000 p e r mile.
Net earnings fo r 28 m on th s o f opt ration . $69,983 91
equivalent t o 12j6 on the total Issue o f bond s.
P op ula tion o f L os An geles 103,079.
Send fo r fu ll descrip tion o f property.

E. H. ROLLINS & SONS,
1 9 M i l k S t r e e t . B o s t o n , t>Iaan.

STATES

AND

DAY

SOLD.

8c CO.,

71 BROADWAY, NEW YORK,

Clearfield & Mahoning RR. 1st 6s, 1913.
Staten Island Ry. 1st 4>£s, 1943.
Hereford Ry. 1st 4s, 1930.
Detroit Railway 1st 5s, 1924.
Denver, Col., 6s, 1915.
Topeka, Kan., 5s, 1912.
Berkley, Va., 6s, 1928.
Douglas Co., Ga„ 6s, 1913-1918.
PRICES ON APPLICATION.

1 B roa d S treet. N ew Y o r k .

C. H. W H I T E
WILSON & STEPHENS,
41 W A L L ST., N. Y., B U Y
A N D S E L L O U T R I G H T OR
ON CO MMISSIO N S T A N ­
DARD RAILROAD AN D
MUNICIPALBONDS. UN­
DERLYING AN D SH O R TT I M E B O N D S FO R B A N K S
A N D INSTITUTIONS A
SPECIALTY.
LISTS O F
OFFE R IN GS ON AP P L I­
CATION.

GOOD

INVESTMENTS

N E T T IN G 5 TO 8 P E R C E N T.
W a s h in g to n W a r r a n t s . B o n d s a n d S e cu t I
t ie s o f a ll k in d s B o u g h t a n d S o ld .

CALVIN PHILIPS,

& CO.,

BANKERS,
31 N ASSAU S T .. NE

YORK.

W. Hampton Wade,
ATTORXE Y-AT-LA W,
SAVANNAH,

G E O R G IA .

Nine jears practice in Alabama.
Six years in Georgia.
C o r p o r a tio n

Whann & Schlesinger,
BONDS,

IN V E S TM E N TS .

W a te r S treet, B oston .

307-8-9 CALIFORNIA BUILDING,
TACOM A,
W A S H IN G T O N .

M UNICIPAL

School B onds —(Con.)
4s.............$ 4 ,0 0 0 ........ A pril 1, 1911
Bonded debt A p ril 1, ’ 98. $90,000
A ssessed valuation ’ 97 .-2,3 66,4 74
Assessment abt. 12% actu al value.
P opulation in 1898 (ea t.)... 10,500

Foxborougli, Mass.—Edw. M. Phelps, Treasurer. This
town is in Norfolk County.

MASON, LEWIS & CO.,
BAN KERS.

H . Kingsley,

Secretary Board of Education.

3 % Bonds
BOUGHT

Bonded debt Mar. 1, ’ 98. $60,300
Floating d eb t...................
5,765
Total debt Mar. 1, 1S9S.
66,065
Assessed valuation ’97 ..2,9 47,6 20
Assessm ent about % actual value.
Tax rate (per $1,000) 1897,$16’50
P opulation in 1893 (est.)...1 0 ,0 0 0

I mprovement B onds 4 !« s—
$75,000.............................1906-1928
T A X E X E M P T .—Bonds are free of tax.

•§150 ,0 0 0

UNITED

0. Powhatan),

Carnegie, Pa.—R. J. Hardy, Clerk of

IN VE S TM E N TS .

IN V E S TM E N TS .

M I N N E S O T A

339

Law

.

a S p e c ia lty .

F. R . F U L T O N & C O .,
M u n ic ip a l
171

LA

B onds,

SALLE

STREET

______ C H I C A G O .

____

W . J. Hayes & Sons,
Blodget, Merritt & C o.,

BAN KERS,

BANK ERS,

DEALERS IN MUNICIPAL B O ND S

16 Congress Street, Boston.

-STATE, CITY

&

RAILROAD BONDS

Street Railway Bonds, and other high-grade In­
vestments.
BOSTON, MASS.,
C lev ela n d , O h io,
7 Exchange Place.
3 1 1 -3 1 3 S u p e r io r St*
Cable Address, " KENNETH

THE CHRONICLE.

340

F loatin g d e b t................... $15,000
T otal debt June 21, ’ 9 8 ..
48,200
Debt o f w ater dlst. (add’ l)
90.000
STKEKT LNi .nsTRCi -I HiN BOSIIS— Assessed valuation, real 1,618,255
As. MA S . $ 1 ,2 0 0 .....................1 8 9 8 Assessed valuation, ner'l 341.232
T otal valuation 1897
1,959,-187
St'iiooi. Horst: Bonus—
Assessment about actual value.
A*, A&O, $17.00 0........... 1 9 0 0 1 9 0 2
T ax rate (per *1,000) '97. ..$16-30
T o w n B on d s—
LOANS—

When Due.

K k it s h is i . B onus­
es . A&O, $10,000.......... 1898-1899

A», S ept . $.">.000....................... 1 898

Population In 1890 was........ 2,933

Bonded debt J u n e 24,'98 $33,200 |Population In 1898 (est.)— 3,200
IN T E R E S T l» p ay able In B oston.

Prank li n. Ky.— .T, F. Tar ploy, Treasurer,
county seat of Simpson County.

T h is c it y is t h e

llo r n e lls r ille , N. Y,— Sidney Osso3kl, City Clerk.
city is in Steuben County.

When Dm.

LOANS—

($10,000 yearly on May 29.)

P a r k B o n d s—

4s, an., $ 5 0 ,0 0 0 ......... Ju ly 1 .1 9 1 1
P a v in g B on d s-

Os , .......... $ 3 .5 0 0 ....A u g, 2 5 .1 8 9 3
6 s , .......... 9 .3 7 4 ............1898-1900
($3,000 yearly o n N o v , 20.)

This

Bonded debt M ay 23,’98. $162,87-1
Assessed valuation,real .3,987,750
Assessed valuation p e r ! 416,353
T ota l valuation 1897
4,404,103
Assessment about actual '-aluo
T ax rate (per $1,000) 1997.$22-25
P opulation in 1890 was ...1 0 ,9 9 6
P opulation In 1>>S (out.)...1 3 ,0 0 0

L ivin gston County, N. Y.— Foster W . W alker, Treasurer.
Geneseo is the county seat.
Court-Horse Bonds—

311.000....... P eh. l ,

1900

($5,000 due yearly) to Fob. ] . 1905
B onded debt July 1, iS 98.$iO ,00 0

Monongahela, Pa.— Monongaheht is in Washington County.
LOAN SIfAru D m . Tax valuation, personal. $134,145
Total valuation 1897...... 1,455,522
5s, MAS, $41,500..........Sent.. 19.12 Assessment about % actual value.
(Subject to call after 1897.)
Total ta x (per $1,000) '97 .$24-00
5s, FAA. $19,500......... Aug., 1914 Population in 1890 w a s___ 4,096
Bond, debt June 1 .18 98. $60,000 Population in 1880 w a s___ 2 ,9 0 1
T an valuation, r e a l...
1,321,377 Population in 1898 (esf.)... 5,500
The city 's bonds becom e due part yearly, the entire am ount being
payable within tw enty years from date o f issue. They are subject to
Slate ta x if owned by residents o f Pennsylvania.

North Providence, R . I .—John Ogden, Treasurer.
town is iu Providence County.
LOAN SWhen Due.
4 s , ..........$ 5 0 ,0 0 0 ....D ec. 15, 1912
Bonded debt May 1 0 , 1S98.$50,000
Floating d e b t ...................... 50,000
Total debt M ay t o , 1898.-100.000
Sinking fu n d ........................ 6,242
Net debt M ay 1 0 ,1 8 9 8 .... 93,758

LOAN SWhen Due.
4s............... $8,000...... Jan. 1 ,1 8 9 9
($1,000 due v’rlv) to Jan. 1 ,1 9 0 6
3>ss...........,$20,000.. July 13, 1900
($1,000 duo y’ rly to Ju ly 13 ,191 9

5s.............. $2,500..... Aug. 1,1898

($500 due yearly) to Aug. 1 ,1 9 0 2
os...............$ 6 ,000___ M ay 1 ,1 9 0 4
5 s , . . . . . . . 4,5 00....... May 1, 1906

This city is

IFTim Due.

IN V E S TM E N TS

PUBLIC SECURITIES

Leach & Co.

CHICAGO,
100 Dearborn St.

NEW YO R K
35 Nassau St.

ADAMS & COMPANY,
BANKERS
DEALERS IN

M IS C E L LA N E O U S .

CHOICE MUNICIPAL BONDS

E D W A R D C. J O N E S C O . from SOUTHERN & WESTERN States,
DEALERS IS

yielding 4 <o 5%<?,

M u n i c i p a l , Rail road,
S t r e e t R a i l w a y and G a s

SAVIN G S BANK A N D T R U S T
FUNDS.

Farson,

Bonded debt June 14,'98. $41,000
Assessed valuation, real. 1,465,300
Assessed valuation, p er’l 218,200
Total valuation 1897___1,683,500
Total valuation '98 (est,)3,367,000
Population in 1890 w a s........ 6,272
P opulation in 1898 (est.)
8,000

LOANS—
ITAeit Due.. I Assessm ent abt. 60% actual value
R kfunding B onds —
B onds are free from taxation.
4s, ,J&.D, $19,200------June 1, 1928 I T a x rate (per $1,000) 1897.$18-50
Bonded debt. Juno 1 , 1S98.$19,‘2 00 1Population in 1890 w a s........ 1,815
Assessed valuation 1897. .999,310 1P opu lation in 1898 (est.) ....2 ,8 0 0 .
IN T E R E S T is payable at the H om e N ational Bank, R oyersford.

IN VE STM E N TS .

SUITABLE FOB

LISTS MAILED ON APPLICATION.

Assessed vul'tion, r e a l,$] ,236,555
Assessed v al’tiou. per'l.
293,560
T otal valuation 1897... 1,530,055
Assessment about art mil value.
Total tax (p e r $1,000) '9 7 ...$ 1 0 50
Population Iu 1890 was .......2,084
P opulation in 1898 (cst.) . . 3,000

1'oyersford, P a .— W . II. Buck waiter, Burgess; R . E.
Springer, Clerk. This borough is in Montgomery County.

Net debt .I min 22, 1898.. $41, =60
A ssessed valuation ’9 7 .. 1,469,910
5s, .TAD, $ 2 9 ,0 0 0 ....June 1, 1938 Assessm ent about % actual value.
(Subject to call after June 1, 1918) City ta x rate (per $ 1 ,0 0 0 )..$ 1 0 '0 0
B onded debt June 22, '98_$42,700 P opu lation iu 1890 w a s ........2,489
Sinking fund ................... .
5,000
840 P opu lation In 1898 (eet.)
IN T E R E S T on w ater bonds p ayable at N ational B ank o f R epublic,
New- York.
LOANS-

This

Oneonla, N. Y.— John W . Brewer. President; B. W . Hoye
Clerk. This village is in Otsego County.

Assessed val’ tlon.p er'l 2,000,000
Total valuation 1897. - 26,348,000
P opu lation in 1890 w a s ....3 7 ,8 0 1
P o p u la tio n iu 1898 (e st.)...3 8 ,0 0 0

M cKinney, T exas.— J, M. Pearson, Mayor.
the county seat of Collin County.
W ater Bonds—

This city is in

LOANS—
lt'Aen Due. i Floating debt...................... $5,000
RErtntDlNO BONDS—
I Total debt July 1. 1 8 9 8 ... 28,000'
5s.............$10,000......................1908 I Assessed valuation 18 07..2 00,0 00
(Subject to call after 1908.)
Assessm ent about ; actual value
5 s , .......... $1 3,00 0..................... 1913 I Tax rate (p er$1,000) 1897.$55-00
(Subject to call after 1908.)
|P opulation In 1890 w as.........1,207
Bonded debt July 1 , 189s $23,000 I P opulation in 1898 te s t.).... 1,000

TUmi Dm. Assessed v al'lion , real.$ 2 -t,34 8,000

LOANS—

4U -. a n .. $

M illbau k, S. link.— J, E. Truen, Auditor.
Grant County.

S e w e r A 8 t . I m p . B o n d s ,'9 2 &• 4:

$618,016
LOANS—
HAea Dae. Total valuation 1897,
W a t c h -W o r k s B o n d s
Assessm ent a bt. 49% aetiml value.
T ax rate (per *1,0001 1997.$15-25
5s, F& A. $2 1.00 0.........1899 1919
P opulation In 1890 w as.........2,320
($1,000 vearlv on Feb. l.l
Bonded debt May 1 ,1 8 9 8 .9 2 1 ,0 0 0 P opulation in 1898 test.) — 3,004

S k w t it Bonds —
4s, M a n . $ i o ,o o o ..........1 9 1 7 1926

[Lxvir.

BONDS.

ROSEN BERGER

&

F o r t y W a ll S ri'eet,

LIYERMORE,
-

N ew Y ork*.

W i l l i a m E . N i c h o ls ,

S y ra cu se , N. Y ., R a p id T ra n sit R ’ w a y 5 s.
NEW YORK,
1 NASSAU STREET.
PHILADELPHIA - 421 CHESTNUT ST.

15 W A I.1 , S T R E E T ,

-

NEW Y O R K

M U N IC IPAL W A R R A N T S .
SEND FOB LISTS

Gov er nment and
W M . FR A N K LIN H A LL,
Municipal Bonds
Accountant,
B O U G H T A N D SOLD.

APPRAISEMENTS MADE OR QUOTATIONS
FURNISHED FOR THE PURCHASE. SALE, OB
EXCHANGE OP ABOVE SECURITIES.
L IS T S ON A P P L IC A T IO N .

Exchange Building,
53 State Street

t> n « T ftb iw t« e
BOSTON, M ASS.

Books audited. Examinations and investiga­
tions conducted with the utmost care
and efficiency.

I N V E S T M E N T BONDS, N. W . H A R R I S & GO.,
BANKERS,

Members o f Boston Stock Exchange.

No. 7 Congress and 31 State Streets,
BOSTON

31 N A S S A U S T . ( B a n k o f C o m m e r c e B l d a : . )

M.

A.

D evitt

&

Now Ready.

C o .,

M U N IC IP A L BONDS.
H IG H -G R A D E

F i r s t N a t i o n a l B a n k B u i l d i n g ;,

C o u n t y —-City— School

C H IC AG O .

BONDS
BOU GHT AND

SOLD.

B R I G G S , S M I T H Sc C O .
3 5 En*t T h ird S tr e e t, - C in cin n a ti, O h io.

M a c D onald
&

M U N IC IP A L

S P E C IA L

M U N IC IP A L BONDS,
Securities Netting from V A to G%
ALWAYS ON HAND.
Send for our Investment Circular.

D U K E M. F A R S O N , Ba nker .
Municipal Bonds.

T r o w b r id g e ,
N iver C o .

BONDS,

1st Nat. Bank Bldg. - - CHICAGO

Hand-hook of RE,, Securities,

1S 2 D e a rb o rn S treet
C H IC A G O .

M U N IC IP AL

BONDS.

E. C . S T A N W O O D & C o .
BAN KERS,

121 D e v o n s h i r e Street,
BOSTON.

Yearly

FEATURE

Range

of

Prices

From 1S02 to July 1, 1S9S.
I
P rice In U a h t L e a t h e r C o v e r ,,
T o S u b scr ib e r s o f th e C h ro n icle ,

-

S I 00
75

SPECIAL KATES FOR QUANTITIES.

W IL L IA M . B . D A N A C O M P A N Y

76% P I N E S T . , N . Y .