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pimtirial
mmtm
Supplement
Quotation
Street Railway Supplement ^Mnany)
(Monthly)
liwestors Supplement (Quaneriy)
Ci^ Supplement (^mAmuaii^
State and
[Entered aooording to Act of Confess, In the year 1899, by the William B. Da.na Oohpant, In the
VOL
SATURDAY, AUGUST
69.
offloe of
the Librarian of Congress.]
NO. 1782.
19, 1899.
Week ending August
Clearings
I'B.
1899
at—
1899.
1398.
P. Gent.
1897.
1896.
PUBLISHED WEEKLY.
Terms of Subscription—Payable in Advance
$10 00
For One Year
6 00
For Six Months
12 00
European Subscription (Including postage)
7 00
Eoropean Subscription Six Months (including postage)....
Ajinnal Subscription In
London (Including postage)
<
903 780,544
82 051,870
24, 020,789
17, 343.608
New York
:
JI2 10s.
Philadelphia
Pittsburg.
Baltimore
Buffalo
5, ,138,012
Washington.....
Kochester
Syracuse
Soranton
2,.060,838
1 ,730,203
1 ,000,912
997,878
do.
do.
«1 10s.
do.
Wilmington
Above subscription Includes—
Bingham ton
Stbebt Railway Sctpplbment
The (Quotation Supplement
Total Middle..
State and Oitt Supplement
The Investors' Supplement
Boston
Providence
Terms of Advertising—(Per Incli Space.)
Hartford
Transient matter
$4 20 Three Months (13 times). .$29 00 New Haven
Six Months
(26 " ).. 50 00 Spriagfleld
ST andinq business CARDS.
" ).. 87 00 Worcester
(8 times).. 22 00 Twelve Months (52
Two Months
Six Mos.
,014,293
317,300
I
.1,039.456,237,
|
120,050,748
6,111.800;
2.504,904
1,872,330
I
|
London Agents:
Messrs. Edwards & Smith, 1 Drapers' Qardens, E. C, will take subscriptions and advertisements, and supply single copies of the paper
at Is. eaoh.
W^lI^IilAin B.
DANA OOnPAPIT,
1,145,164
1,438,5791
666,555!
580,000
399.777
136,286,142;
'
Detroit
Cleveland
Pine Street, Corner of Pearl Street,
NE'W YORK.
Post Office Box 958.
1,516.285!
Portland
Fall River
Lowell
New Bedford...
Total NewEng.
Chicago
Ciocinnati
Pabllsliera,
Milwaukee
Columbus
I
378 will be found the detailed returns by
States, of all the national banks, under the Comptroller's
call of June 30, 1899, kindly furnished us by the Comptroller.
The returns for April 5, 1899, were published In the Chronicle of July 29, 1899, page 223.
page
CLEARING HOUSE RETURNS.
The following
Grand Rapids
Dayton
Evansville
Youugstown
111
Lexington
Akron
Kalamazoo
Saginaw
Rockford
made up by
telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, Aug. 19, have
been $1,521,936,611, against |1,478,857,494 last week and
11,315,245,986 the corresponding week of last year.
table,
2,566,902
1,924,933
2,288,698
1.161.284
921,943
Peoria
Toledo
Springfield,
Springfield, Ohio...
Canton
Tot. Mid. West'n
San Francisco
Salt
,
Lake City
Portland
Los Angeles
Week Ending August
Spokane
19.
Tacoma
Helena
Rtturns by Telegraph.
New York
—
Orleans.
Seven cities, 5 days
Other cities, 5 days..
.
. . .
Total
All cities,
Total
The
all cities,
1
5 days.
day
all cities
Fargo
Sioux Falls
Total Pacific
Kansas City
Minneapolis
+14-5
86,470,735
72,604,733
14,734,962
98,447,514
24,611,133
5,788,092
Philadelphia.
Baltimore
Chicago
St. Louis
P. Cent.
$884,731,518
79,120,505
56,744,001
18,696,620
88,416,785
81,323,350
4,521,119
+19-4
+15-4
+27-9
*1,09«,«75,406
163,941,264
$941,606,898
140,017,491
+16-5
+17-1
for week.
,
Denver
Topeka
$7'54,018,237
Bc)3ton
New
1888.
1899.
+28-5
+161
$1,081,624,389
833,621,597
$1,260,916,670
261,019,941
$1,521,936,611
-f-21-9
1
+16-6
$l,'»15,945,P86
4-15-7
11-7
the week covered by the
above statement will be given next Saturday. We cannot,
of course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, Aug. 12, and the results for the corresponding
week in 1898, 1897 and 1896 are also given. In comparison
with the preceding week there is a decrease in the
aggregate
exchanges
of
one
hundred
and
fifty
million
dollars, the
loss
at
New York being one
hundred and twenty-six millions. Contrasted with the
week of 1898 the total for the whole oountry shows
an increase of 19*5 per cent.
Compared with the
week of 1897 the current returns record a gain of 25 8
per cent, and the excess over 1896 is 76*1 per cent.
Outside of New York the increase over 1898 is 25 2 per oent.
The excess over 1897 reaches 31-6 per oent, and making
compariaon with 1896 the gain is seen to be 54'5 per cent.
full details of clearings for
Omaha
St.
,
Paul
Joseph
Des Moines
Davenport
Sioux City
St.
Wichita
Fremont
Hastings
Tot. other West..
St. Louis
New Orleans
Louisville
Galveston
Houston
Savannah
Richmond
Memphis
Atlanta
Nashville
Norfolk
Augusta
Knoxville
Fort Worth
Birmingham
Macon
Little Bock
Chattanooga
Jacksonville
Total Southern..
Total all
Outside N. York.
Montreal
Toronto
Winnipeg
Halifax
Hamilton
St.
John
Victoria*
Vancouver*
Total Canada...
*
766,193
263.247
395,331
305.788
393.300
370,263
419,132
252.296
314.052
248,218
170,258,787
16,806,434
2,397.538
1.495,227
1,761,839
4,607.369
1,150,558
1,020,408
Seattle
Clearinqs.
115,108,242
13.015.550
10.610,568
9.890.473
5.042,484
4,000,000;
Indianapolis
— On
I
N»t ncluded ia
615,750
322.101
112,134
30,289.356
778,612.666
67,387.042
16,240,306
14,445.131
4,139,909
1,772,203
1,638,742
909,678
797,607
637.220
301,000
386,881,504
95,493,761
4.351.100
1.982,057
1,287,962
1,306,341
1,520,618
4-161
-21.8
-^7-9
--201
--241
--16-3
+5-6
-t-100
4-25-1
4-59.2
-I-5-4
1,243,641
577.613
660.093
409.298
108,832,484
89,692.376
11,046,200
9,514.903
7.133,460
4,445, l&S
3,391,400
2,551,727
1,310.632
1,664.877
920.851
729.475
583,967
205,353
325,^93
438,883
290,600
290,568
220,020
203,246
173.886
184.762
135,617.661
12.404,416
1,440,295
1,847,896
1,176,280
1,115.544
707.672
612,194
512,981
130,000
66,354
-i-25-2
-
-28-3
--17-8
--11-5
--38-6
-
-13-4
-17-6
-I-0-6
+46-8
--37-5
--26-2
--26-3
--31-2
--28-3
--21 -5
—30-3
-1-35 -3
--27-5
--90-5
--241
--81-1
4-34-7
-I-25-5
4-35-5
4-66-4
—19-0
-K9-7
-f-313-0
-I-62-6
--66-6
--20-0
-1-147-8
-f69-3
739,245.497
61,029,740
14,065,988
17,001.953
3.789,211
1,668,471
1,508,652
848,138
704.358
702.166
378.500
467.665.884
53.192,212
12,528,620
11.996,563
3,910,480
1,481,895
1.356,567
757.670
659,884
640,785
272,900
840,942.674
90,455,855
4.824,600
2,245,404
1,348,068
1,176,650
1,489,468
1,353,249
685,421
581,180
380,899
-
554,463,460
73.785,103
4,003.000
1,993,917
1,319,396
1,105.129
1,229,275
1,084.928
552,838
572,253
389,238
86,015.677
71,105,153
9,342,750
8,249 317
5,589.175
4,016.767
2.516.900
1.470,859
1,480,119
1.355,439
714.288
583,975
104.543,794
84,602,557
10,496,350
8,799.672
5,615.082
5.196.654
3.509.600
2,185,957
1,388,527
3,233,484
780.113
567.837
181.870
350,095
229.000
319.823
271.726
194.454
153.351
163,997
127,240,148
15,867,732
1.601,905
1,299.570
1,386,877
713,860
713,180
487,646
420.000
80,702
62,911
248.104
207.013
295.144
250,066
200,066
149.941
163,107
107,938,574
22,637,383
9,717,558
6.438,465
4,297,694
3,550,027
2.236,398
19.435,379
13,786,961
1.103,410
1,280,987
921,124
506,000
361.602
514,817
672.038
228.450
60,000
20,013,632
9,463,891
6,543,537
5,492,530
3,806,349
2,701,443
2,743,212
843,348
650,757
604,935
498,188
377,151
102,560
94,938
-t-51-3
-H-24-2
900,000
532.869
436.788
467,190
366,369
78.175
100,950
33,922,839
25,126.480
4,830.328
5,820,879
3,006.900
2,080,760
1,395,50
3.137.245
1,354,545
968,510
1,009.114
709,64
479,861
431,208
847,462
336.400
328,000
283,602
298,023
231,323
-fl8-9
4-23-4
4-17-9
4-23-8
30,369.167
24,478,443
5 677.-303
5,829,335
4
921.974
703,978
378.917
395.757
579,949
306,460
477.000
208,028
275,736
180,719
53,691,794
.478.857,494 1,237.959.914
4-181
50,381.351
4-19-5 1,176,114,417
45,468,740
839.929.661
575.076,950
11,928,646
7.872,391
1,931.996
1.452.860
713,622
737.469
741,037
1,014.377
459,347.248
13,650,366
6.426,834
-^35-2
372,36:?.778
-0-2
436,868,920
11.180,649
7.889.591
1,226,320
1.364,679
519,538
490.953
24,636,984
23,784,361
-h3-6
32,671.729
19,400.363
12,126,345
8.133.720
5,814,092
3,607,094
3.260,897
3,447,882
1.074,542
836.655
715,198
600.164
484.894
100,232
117.829
40,319,544
31,094,605
5,697.877
7,214.999
2 202.850
2.450.000
1.953.280
2.869 928
1 477,420
1.247.112
1.262.083
1.040,090
687.187
525,000
732,448
609,153
389,000
322,684
284,067
1 93,645
62.253,428
totals.
1.195.281
1,211,043
552.206
738.601
-I-28-1
4-24-3
-1-5-9
—5-3
4-20-7
4-25-7
-I-27-4
-)-28-6
4-18-3
-I-20-5
4-28-4
-2-3
—267
8,284.207
5.573,738
3.909.365
3.370.869
2,009,010
974,614
1, -246,684
659,237
577.023
329,801
515,347
300,835
48.911
75,475
26,608,432
21,290,480
6,639,357
1,8-25,150!
-fl7-3
2334,6491
-HOO
1,435,991
1,983,022
1.202,333
1,187,809
-8-5
4-9-1
-f28-,8
--251
--46-7
--43-4
--21
—13-6
4-81-2
4-18-6
-H3-8
-46-8
-16
-12-6
-I-23-3:
--51-6I
--19-9
- -39-3
i
4,553.791
1,859,700
2.475,692
1,236.179
1.676.652
1.057,119
1,062,342
719,966
762,901
479,945
352,350
874,539
268.886
198,402
210,725
249,714
9.796.712
6,045.797
985.944
1.340.574
609,081
622.255
THE CHRONICLK
358
[Vol. LXIX.
same time a fact to be remembered, one which has
THE FINANCIAL SITUATION
hitherto contributed to the safety of the situation
the past week has been
here, is that prices have risen in Europe as well as in
gain in reserve indi- America. Would not, therefore, a fall in values there
easier as a result of the decided
cated by the Clearing-House statement of last Satur- presage a drop in prices here or else a decrease in
In gathering our bank figures the previous day, shipments ?
day.
The money market
slightly
some of our
Smaller imports than in previous months was also
banking one of the conditions of the July exhibit. That total
leading institutions of a report current in
was to be largely in- reached over 70 million dollars ($70,161,000) in May
circles that the reserve
Friday,
we were
told by
bank
officers of
creased in the return to be made public the next 1899. The May result appears to be the maximum
day.
Our figures only showed what we pub- thus far under the present tariff. In June the coran increase only about responding figures were $61,757,000 and in July they
lished, which indicated
Stocks have as a rule were only $59,925,000. As a consequence of these
one-third of the actual.
been slightly stronger, and towards the close of the
week higher. This turn is in part in response to
easier money, but in large measure due to the weekly
increasing confidence which the industrial outlook
Otherwise the nature of the market has not
induces.
In the fore part of the week it
materially changed.
was strong and weak by turns. Quite violent fluctuations of individual properties were a frequent occurrence, but they were stocks of a more or less speculative
In railroad securities the changes were as
character.
a rule slight, some were higher while others were off a
trifle; but later such properties have by force of the
financial and commercial surroundings made a further
advance.
The truth is, it looks as if the better class
could not much longer resist the opportunity
smaller
net
and larger exports in July the
merchandise balance reported was
imports
favorable
$34,983,000,
a total never before equaled
in that
month; indeed, the nearest approach to it was in
1898, when the similar total was $21,541,000; in 1897 it
was $17,429,000, and in all recent years it was even less
than in 1897. Another interesting fact the statement
discloses is the gold movement for the month. We say
it is
interesting because
it
so clearly illustrates the
two-fold tidal action of the metal the whole of the
seven months of 1899 the flow having been both
—
ways, in and out, every
to say, while
million
New York
dollars
gold,
month
That is
of the year.
July exported about 2^
San Francisco and other
in
ports imported 2| million dollars, so that instead of
dividing there being a net export of the metal in that month
which continued large earnings presents of
If there was a net import of $308,000.
more of their income among their stockholders.
This double
they are thus about to accept the logic of events, it feature is, as we have said, typical of the year's move-
of roads
would not be surprising were investors who hare heretofore taken bonds alone (now forsooth so high as to
return only 3^ per cent, out of which 2^ per
cent taxes are claimed) should draw the line less
strictly.
ment, and almost seems to demonstrate some sort of
manipulation. We have on one hand a continuous
record, kept up through the seven months, of an outflow at Xew York for Europe, etc., reaching $30,141,000, and a concurrent record kept up of an inflow at
San Francisco, etc., from Australia, etc., of $26,283,-
Another remarkable trade exhibit has been made 000, resulting in a total net export of gold of only
The $3,858,000.
public this week by the Bureau of Statistics.
it in full with other
statement is for July, and we give
Another peculiarity of the present exhibit is that
months and years for comparison, on page 365. It indi- the net exports of silver the last three months have
cates the most notable movement of merchandise out reached only $1,646,000, against $6,968,000 the same
We should add, however, that
of the country (valued at $94,908,000) that has ever three months of 1898.
occurred in July. Indeed, the total is larare for any
month except those very few months every year when
the exports of our agricultural products are at their
maximum. In 1898 (hitherto the most remarkable
year of our foreign trade) the merchandise exports in
a net of about 4^ million dollars of silver was exported
in each of the first
two months of 1899,
so that the
net total exports of that metal for seven months
just about the
same
as for the
same months
is
of last year,
being $13,955,000 in 1899, against $13,936,000 in 1898.
July were only $72,525,000, showing an excess in July The net totals were larger in all previous years
It
may be asked, what becomes
1899 of $22,383,000. It is that material gain whijh since 1893.
so
significant.
makes
the statement
No one of the surplus production ? The surplus is no
needs to be told that every successive month in as large as many people may think. These export
the large figures are, we presume, commercial values. We are
exports in the corresponding month of the pre- only producing (commercial values) about $2,700,000
vious year adds encouragement to a belief in the per- of silver per month; expressed in coining values the
which
an
increase
is
established over
more comprehensive character of the product would be about $6,000,000 per month. For
articles included in the movement.
That is so, as the seven months the product would be in commercial
we have often shown, because the increase is a record values $18,900,000. Deduct from that, say, $14,000,
not of an enlarged shipment of agricultural staples, 000 exported for the seven months would leave for
but of general merchandise, in good part products of home consumption and in hands of producers only
the factory and foundry which have only in a small $4,900,000 (commercial values), or about $11,000,000
way contributed to our exports until recent years. So coining values. If from that be taken $7,000,000 for
long as this development continues to progress our manufacture there would be but $4,000,000 left, a part
A special of which has no doubt been minted.
financial condition must remain vigorous.
reason why the question of continuance becomes more
As those who read our article on the cmpany's anpromising with each succeeding favorable return, is
because the later record proves that the rise in the nual report last week must have surmised would b€
values of commodities here had not up to that date the case, the directors of the Chesapeake & Ohio met
interfered with the growth in the movement; at the this week and declared a dividend of 1 per cent upoi
manency
of the
August
THE CHRONICLE.
19, 1899.]
This is the first dividend made by
the company, and the event is one of more than ordinary significance. The surplus for the year was 1706,131
and the dividend will take $605,000 of the amount.
The company might have paid 1 per cent the year preceding, but preferred to apply the money in other ways.
That a property situated as the Chesapeake & Ohio
up to the dividend
is should have been brought
basis is an achievement of no mean order, and reflects
the greatest credit upon those who have managed its
affairs during the last ten years.
"We have often pointed out the problem that confronted the management when they took the enterprise
in their hands. The nature of the country traversed by
the line and the character of the traffic on which it
must rely were such that it was absolutely necessary
that it should be able to do business at very low average rates.
In other words, success depended entirely
upon the ability to make a profit on rates which on
other roads and under other conditions would mean
bankruptcy. How the problem was solved is shown in
the fact which we brought out last week, namely
that the company's average train-load for the twelve
months ending June 30 1899 reached the remarkable
figure of 425 tons.
Eailroad men alone know what
this means, and railroad men above all others speak
in the most glowing terms of Mr. Ingall's achievement.
A fact which should not be lost sight of, in considering what has been accomplished, is that the problem
to be met has been becoming each year an increasingly difficult one.
When Mr. Ingalls took hold,
average rates still ruled above half a cent a ton a mile,
which was then considered an inordinately low figure.
In the late year the average realized was only
3 "62 mills, and coal to tidewater had to be taken at
an average of but 2*21 mills. The dividend was
earned on the basis of these low rates. Imagine what
the return would be to the shareholders to-day if the
road could obtain the rate of 5 mills per ton mile
which prevailed but a few years ago. The Chesapeake & Ohio, of course, has certain advantages as to
grades which favor the making of records in the way
of heavy train-loads, but these advantages existed before, and jet the train-load then was but half what it
is now.
Mr. Ingalls had the backing of important
banting interests in carrying out the financial arrangements connected with the work of rehabilitating
the property, and it must be pleasing to them that
the company's stock.
their
it
faith in
the
enterprise
359
payable September 2, means that these shares are now
getting two per cent where previously they had ^been
The
getting only one per cent per year.
ferred stock of course has been for
first
some time
pre-
receiv-
but
dividends on the second preferred stock have not unThe first payment
til now been at any regular dates.
on these shares was made July 1898, the second diviing the full four per cent to which
it is
entitled,
one per cent did not come until March 3 1899.
The third dividend, now announced for September,
just six months after the March dividend, evidently
indicates that the stock is on a two per cent basis and
that one per cent is to be paid semi-annually in March
dend
of
and September.
The Iowa
Central, too, which last
March made its first dividend (H per cent) since 1892
has announced another dividend of the same amount
payable in September.
One
of the gratifying events of the
week has been
the termination of the strike of the ore smelters in
Colorado, which was begun on the 15th of last June.
was ended by the action of the men themselves.
Some of the strikers had been getting restive
under the enforced idleness, and at several of the
plants the applications of employes for re-instatement
were sufficiently numerous to warrant preparations
Acfor getting the smelters in running order again.
Smeltercordingly the executive committee of the
men's Union in Denver, at a meeting last Sunday,
recommended that the strike be abandoned,
and the Union, by a unanimous vote, adopted
ending
of
the
the
The
recommendation.
Mining
strike comes at a very opportune moment.
and smelting are such important industries in Colorado that the strike threatened, if prolonged, to have
The
strike
very serious results for
all
industrial interests, giving
Colorado a set-back at a time when all other States
were enjoying growing prosperity. Up to the present time the effects have been reflected to a
comparatively small extent in the returns
of
the transportation companies, since supplies of ore
from the mines kept coming forward, but latest accounts showed that the lines were fast becoming
blocked with cars filled with ore which could not be
disposed of, since the smelter establishments were not
open to take care of it. The strike must therefore
before long have resulted in a pretty general stoppage
of work, and then railroad revenues must have undergone very serious contraction. Happily such a situa-
and those managing tion has now been avoided.
has been so completely justified.
The market for money has been easier this week,
with the supply on call a little in excess of the demand, but without any pressure of offerings. This
For instance, the Southern condition of call loans has imparted an easier tone to
of an encouraging kind.
Kailway has declared one per cent on its preferred time loans on stock collateral, though rates have not
shares, payment to be made in October.
The stock materially changed. A better feeling is noticeable inreceived one per cent last January, too, and one per the market for commercial paper and one feature is
Besidei the dividend on Chesapeake & Ohio there
have been other dividend announcements this week
cent likewise in January 1898 and January 1897. But some inquiry from city buyers, most of whom have
these were simply annual dividends.
The payment recently been out of the market. Money on call,
now, out of the customary time, obviously foreshad- representing bankers' balances, has loaned at the
ows more frequent returns. We review the company's annual report on a subsequent page and show
that the results are most gratifying.
The company actually earned nearly 3^ per cent for the preferred shares.
The St. Louis & San Francisco is
Stock Exchange during the week at 3 per cent and
at 2 per cent, but as the majority of the loans have
been at the higher rate, and as comparatively small
amounts of money have been loaned at 2 per cent, the
average has been a fraction under 3 per cent, or about
another company that is making enlarged distribu- 2| per cent. On Monday the range was from 3 per
tions.
At least the dividend of one per cent an- cent to 2 per cent, with the bulk of the business at 3
nounced last week on the second preferred shares, per cent. On Tuesday, Wednesday and Thursday
.
THE CHKONICLK
360
[Vou LXLT.
loans were at 3 per cent and at 2^ per cent, with the of bills somewhat hastened the recovery.
Still anmajority at 3 per cent. On Friday the range was other reason assigned for the firm tone was the small
from 2| per cent to 2^ per cent, with the bulk of the supply of bills. The offerings of spot commercial
business at 2^ per cent.
quote 3 per cent as the
at
3^ per cent.
Time
Banks and trust companies
minimum, though some loan
contracts, as above noted,
have been easier in tone. The demand, especially
for long dates, has been good, while the offerings
have been fairly liberal. One loan on strictly firstclass collateral is reported to have been made at 4^
per cent for four months, and this transaction may
be regarded as an indication of the condition of the
market. Quotations are 4 per cent for sixty to ninety
5 per cent for four to six months, on
days and 4^
good mixed Stock Exchange collateral. Buying of commercial paper by banks in Western cities, which was a
noticeable feature last week, still continues, and
@
it
is
reported that
considerable
amounts
of
New
Another
inquiry from
York paper have thus been absorbed.
above noted, is an
Rates
are
buyers.
city
4i@4^ per cent for
sixty to ninety day endorsed bills receivable, 4^@5
per cent for prime and 5|@6 per cent for good four
There do not appear
to six months^ single names.
feature,
as
and bankers report that the bills
are chiefly those drawn against corn, oats and provisions.
On Thursday when it was announced that no
change had been made in the Bank of England minimum rate of discount the tone of the market grew
easier.
Bankers who are in a position pretty accurately to forecast the market conditions venture the
prophecy that there will be no gold exports, at least for
the next sixty days, and that there will be no withdrawals of gold from the Bank of England for shipment to
this country this year. Though some gold may be imported, the metal will probably be taken from the open
market in London.
Gold arrivals reported at the
New York Custom House this week were $29,867.
Nominal rates for exchange were 4 83^ for sixtyday and 4 87 for sight on Monday, but on the following day and thereafter the range for short was from
drafts are not liberal
4 87 to 4 87^, only one of the drawers, however, posting the higher figure.
Eates for actual business
opened on Monday unchanged compared with those
on Friday of last week, at 4 82^@4 82|to have been any unusual movements of money this for long, 4 86@4 86^ for short and 4 86|@4 87 for
Canadian bankers report that none of the cables. The tone was dull and steady, but on the
week.
gold which was shipped to Montreal during the re- following day it grew firmer, and rates for actual busicent flurry has as yet been returned, probably lor the ness advanced one-quarter of a cent, to 4 82|@4 S3
reason that money is now in good demand in Canada for long, 4 86i@4 86^ for short and 4 87@4 87i for
The Canadian banks have re cables. On Wednesday there was a further rise of
for crop purposes.
ceived only moderate amounts of bullion, not to ex- one- quarter of a cent in rates for actual business in
ceed 1100,000, and very little money from San Fran- long and short, to 4 83@4 83^ for the former and
cisco on account of the movement of Klondike gold. 4 86^@4 86f for the latter, while cables remained unNotwithstanding the Superintendent of the Mint at changed. On Thursday, as above noted, the market
San Francisco has an additional credit of 11,250,000 grew easier, and ra^tcs for actual business in long and
with the Assistant Treasurer at New York, no im- short were reduced one- quarter of a cent, to 4 82|@
portant drafts have been made against the credit. 4 83 for the former and 4 86i@4 86^ for the latter,
Banks having large correspondence note only a slight cables remaining unaltered. The tone was firm on
inquiry for money from the West and North West, and Friday and rates for actual business in long sterling
this is regarded as an indication that the cash reserves were advanced one quarter of a cent, those for short
and for cables remaining unchanged. The following
in the country banks are still ample for current needs.
shows daily posted rates for exchange by some of the
leading drawers.
The European political situation remains undis
turbed, though there is more or less excitement in
FBI.,
MON., tdes., Wkd.. Thcr.. Fri..
Aug, n. Aug. 14. .dUfl. 15. Aun. 16. Aug. 17. Aug. 18.
Paris and at Rennes in consequence of the Dreyfus
at the close
4 83}^
83 J^
83>^
«3^
83«
ma
England minimum rate of dis- Brown Bros
87
87
87
87
87
\f,^^y^- 4 87
K3«
(60 days.
Barinp,
H3\i
«3«
83«
count remains unchanged at 3^ per cent. The cable
H7>»
87
Magoun & Co.. Sight... 4 87
87>6
87J^
60 days. 4K^^
83 ^<
Back British
reports discounts of sixty to ninety-day bank bills in
^?^
^7^
America... Sight.... 4 87
No.
8l«
87
87
60 days. 4 83^
83^
83^
S3H
London, 3f per cent. The open-market rate at Paris Bank of
«1^
Sight.... 4 87
Sf^
87
87
Montreal
87
days, 4K!^
83><
is 2| per cent, and at Berlin and at Frankfort it is 4f Canadian Rank
83H
^•|«
87
87
of Commerce. (Sight.... 4 87
87
per cent. According to our special cable from London Heidelbach, Ick- 60 days. 4 8?«
83«
83^
mi
^?^
elheimer& Co. Sight.... 4 87
87
87
87
87
the Bank of England gained £678,939 bullion during LazardFreres...|«?j,^^,ay«; 4
83 Ji
83H
^?«
4 87
87
87
i^
87
the week and held £34, 196, 838 at the close of the week. Merchants' Bk. 60 days.
83^
^«
^?«
/Sight.... 4 8/
of Canada
87
87
Our correspondent further advises us that the gain was
The market closed steady on Friday, with rates
due to the export of £400,000 to the Cape, to receipts
of £258,000 net from the interior of Great Britain, and for actual business 4 83@4 83i for long, 4 86i@4 86^
Commercial
to imports of £821,000, of which £569,000 were bought for short and 4 87@4 87i for cables.
in the open market, £246,000 were from Germany and on banks 4 82^ @4 82f and documents for payment
4 82@4 83i.
Cotton for payment 4 82@4 82^, cot£6,000 from Portugul.
ton for acceptance 4 82^@482f and grain for payment
The foreign exchange market was firm early in the 4 83@4 83i.
week, influenced in part by some expectation that
The following statement gives the week's movement
there would be a rise in the Bank of England miniof money to and from the interior by the New York
mum rate of discount. The
trial.
The Bank
of
\
(
i
}
)
\
^
flO
.
(
(
8:{
^
5
chief influence, hpwever,
was a demand to cover bills previously sold, and also
an inquiry to renew speculative contracts. The market had had rather a sharp decline during the
previous fortnight, and when it began to react
the execution of deferred orders for the purchase
banks.
Week Efulitm Anijuit
IS, If 99.
Currency
Gold
Total gold and Irgal tenders
lieccivcd by
Shipped by
N. Y. Banks. N. Y. Banks.
»:^.723.000
$3,700,000
487,000
400,(KM)
(4,210,000
$4,100,000
Ntl Interior
Movement.
Gain.
(iain
Gain.
$23 000
87 000
$110,000
.
August
THE CHRONICLK
19, if99.j
With the Sub-Treasury operations the
reeult
is
as
361
management attended by favorable conditions
as to
Only last year the preferred
shares of this company, on which we now see 3^ per
Out 0/
Ntt Change in
Into
Wttk Eiuliii^ August 18. 18W.
cent was earned during the late twelve months, sold
Btmks.
Batik Holdinof.
Batiks.
Then the^^earning capacity
$110,000
Gain.
in this market below 24.
$4,100,000
Banks interior movement, ae above $4,210,000
600.000
22,800,000
Gain.
23,400,000
under new methods and new manageof the property
Gain.
$710,000
*26.900.000
|;27.m 0.000
Total gold and legal tenders
ment had not yet become manifest. With decidedly
The following table indicates the amount of bullion trying conditions the new management was producing
in the principal European banks.
most satisfactory results. But it needed a period of
prosperity to show what had really been accomplished.
August IS. 1898.
Augiut 17, 1699.
Bank of
The problems to meet were different from those in
Silver.
Total.
Gold.
Totah
saver.
GoUl.
the Chesapeake & Ohio case, but they were none the
£
£
£
£
34,<»84.867
34,196.8:>! 34,9t«, 867
less difficult nor none the less urgent.
The require:«,19«,838
England
818,8«t4 12.5.232.880
77.011,501 47,961,792 124,973,29:^ 75,413.,936
France
ments were as completely met in the one instance as
746,000 43,370.000
Germany* ... 27.Kil,000 14,337.000 42,168,000 28,624, 000
368,000 113,768.000
y4,:^58,000 5,221 .0(X) 99,579,000 109,400, 000
Russia
in the other.
Let no one imagine that the old Rich609.000 47,597.000
Aust.-Hunfry 36,597,000 12,719.000 49,316,000 34,988,,000
mond Terminal was simply a financial wreck. Physi.
245,000 15,656,(KK)
12,960,000 13,569.000 26,529,000: 10,411. 000
Spain
follows
trade and business.
:
I
14,958, (J00(2, 094,000
17.0,52,(KM)
4,280,,000
875,000
11,155,(HKI
2,925,,000
,462,000
4,:j87.(Hm
condition of some of the lines was such as to excite
Tot.tbis week 304.22S.;W9 10:te95792'407.824.131315,984,853 97,217,894 413.202.747
Tot. prev. w'k 304.13.3,472 103281757'407.41,).229 316,069,.554'97.029,475 413.0<.t9.02'.>
testimony were wanted on this point the
report submitted by the reorganizers when they presented their scheme of reorganization would furnish
the needed evidence.
But all this was quickly changed. Through the
means provided by the reorganization plan, reenforced by a liberal application of earnings to betterments, the standard was raised, and the property put
in condition to render transportation service satisfactorily and economically. To those who were watching the work of rehabilitation, it was evident two years
ago that with the growth and development of the
Southern country this vast system of roads must soon
make a gratifying record, and one which those with
limited powers of discernment would regard with surprise.
The company paid a first dividend of one
per cent on the preferred stock as early as 1897,
but this, while quite remarkable under the circumstances, did not encourage very extravagant expectations, since the surplus out of which it came was
a comparatively meagre one.
Really, however, it was
indicative of what was to come.
The property had
been put in condition to handle traffic with economy
and dispatch, and when trade activity furnished the
opportunity, the company was certain to show what it
was capable of under the new methods.
Trade
activity has come and the fruits appear in the report
15,,587,000
Italy
Netherlands..
Nat.Belg'm*.
2.281.000
17,868,000
2,744,000
6,036,000
8,780,000
2.i)4;S.000
1.471,000
4,414,000
SOUTHERN RAILWAY'S PROGRESS.
We
print to-day on subsequent pages the annual
Southern Railway Company for the
The report shows
fiscal year ending June 30 1899.
that in this period the company earned a surplus over
and above the cost of operations and all fixed charges
in exact figures
of more than two million dollars
This bare statement indicates better
12,0943519.
than anything else the character of the year's results
and the striking progress which the company has
made during the brief period of its existence, for the
present is only the fifth annual report made. A4
12,094,519 the surplus compares with a surplus of only
half that amount, namely $1,007,013, on the operations of the previous year, and with but $445,919 on
the operations of two years ago.
Perhaps to the security holders added significance
will be given to these results if we say that this surplus of 12,094,519 is equal to nearly 3^ per cent on
report of the
—
the
160,000,000
of
preferred
stock
outstanding.
Who
would have supposed in 1894 when this company
was evolved out of the wreck of the old Richmond &
AVest Point Terminal properties that in the fifth year
of its existence it would be able to make such a handsome return for the preferred shareholders. We venture to say tnatif such a suggestion had been seriously
made at that time, it would have been dismissed as
not deserving of any consideration.
There never
was a big system of roads so thoroughly discredited
as was the Richmond Terminal.
The future seemed
to be absolutely without hope.
Several attempts had
been made at reorganization, each without success.
Even after Drexel, Morgan & Co. were finally induced
to undertake the task (that being the one resource
left to the unfortunate security holders), the outlook
was far from assuring. The knife was applied unsparingly in the endeavor to restore vitality to the
moribund concern, but no one thought of such a
thing as dividends becoming assured in the immediate
future.
The most that any one dared hope was that
under the drastic treatment that had been resorted to
the new company might be able to earn its fixed
charges, as they gradually increased year by year
under the graded scale of interest payments provided
in the reorganization.
The outcome now
cally
it
was,
ridicule.
now
if
possible, even in a worse state.
The
If
before us.
A very large
addition was
made
to the mileage of
the system during the twelve months, the
new
lines
acquired footing up over seven hundred miles, raising
the system to nearly six thousand miles 5,958 miles.
The new acquisitions include the Mobile & Birmingham,
the South Carolina & Georgia, and several others.
—
They appear
all
to have been acquired
on favorable
terms, and to give strength and solidity to the system.
On
account of the increase in the extent of road
operated, comparisons as to earnings and operations
are in a measure disturbed.
On an average of 5,377
miles in 1898-9 as against 4,937 miles in 1897-8, gross
earnings increased over 4^ million dollars and net
earnings $1,403,000.
A
table
is
presented, however,
showing what the addition would be on the same basis
of mileage, from which it appears that even on this
basis there is an increase of $2,620,588 gross and of
$959,899 net.
The improvement is nearly evenly
divided between the passenger and the freight departments.
disclosed
serves to reveal the
It is worth noting, too, that the Southern obtains
sound railroad undertakings in the by no means high rates for its service; on a system of
United States under a progressive and far-sighted such dimensions, containing so large a proportion of
possibilities
of
THE CHRONICLE.
362
branches, a pretty high average would be not at
The
all
however, the Southern Road
some years been realizing less than a cent
a ton a mile, and in the late year suffered a further important decline, bringing the figures for
1898 9 down to only 897 thousandths of a cent,
^against 92-^ thousandths in 1897-8 and 936 thousandths in 1896-7. This relatively low average rate
(for a system of this kind) makes the fact that the
company should have been able to net a surplus of
over two million dollars all the more gratifying. The
report tells us, too, that the policy of charging to
•capital account only such expenditures as represent
"the cost of new and additional property has been rigstrange.
has
fact
is,
for
idly adhered to, that all betterments to properties pre-
viously
penses.
owned have been charged
We may point out that
to operating
ex-
the well-known firm of
[Vol,
LXIX.
Edwin
B. Gager before a committee of the Connecticut Legislature while it was considering a large num-
ber of bills with reference to franchises, transfers and
fares.
In this address Mr. Gager undertook to define
same time corrected a good
misinformation as to the value and profiitableand
a franchise,
deal of
at the
ness of the same.
so
He pointed out
much stress is
That
corporation.
common
to all
the
that
laid
is
franchise upon which
not the right to be a
which is a franchise, is
corporations, whether created undler
right,
the general law or by special act of the Legislature.
The franchise to which the public refers is the right
obtained from the legislature to lay down and operate a street railway in the streets and highways
without paying for such a right by way of purchase.
This right is claimed to be a free right of way thro-ugh
Corwin & Patterson, expert accountants, the streets, of great pecuniary value, given without
have examined the accounts of this company, as they compensation to the State or to the municipality.
did those of the Chesapeake & Ohio, and they certify What is the right thus conferred? asks Mr. Gager.
It is the right to operate vehicles or cars in the
that all entries and charges have been properly made.
These cars are the cheapest and most comThe year's surplus of two million dollars may be streets.
said to exist entirely in the shape of cash, the balance fortable means of local travel yet devised, which for
sheet showing $3,388,675 of actual cash in the com- most distances one can hire for one's personal
This right, therefore, is
The amount required use for five cents.
pany's possession on June 30.
to pay at other dividend of one per cent upon the pre- really a right which enables the people to travel
The
ferred stock has already been charged to profit and frequently, speedily, comfortably and cheaply.
loss as of June 30 1899, and yesterday the directors only thing about it rendering a franchise necessary is
met and declared the dividend, it being payable Oc- that in order to furnish such a service these vehicles
must run over a prepared surface or track. In no
tober 4.
As to the future, the great feature of strength is other respect does the street car differ from the orPatterson,
Any man may
the development of the iron industry in the South.
dinary 'bus.
On
we can do no better than quote President Spencer's terse and yet comprehensive remarks. He says " The development of manufacturing industries in the South and upon the Southern
Eailway Company's lines continues to be very marked
and encouraging. The greatest activity is in connection
in almost any State without a franchise and without
compensation for the use of the streets. No one
would think of imposing special burdens on him.
And he is not obliged to take care of a strip of road
nearly nine feet wide for a single track, at his own
expense, pay taxes besides, and then furnish the
with the iron industry, and in the manufacture of
textile fabrics, but there is also a steady growth in
diversified manufactures, including such articles as
wagons, furniture, agricultural implements, brick and
The most
tiles, glassware, canned goods, leather, etc.
important development of recent years, however, is
the inauguration on a large and substantial scale of
the manufacture of Southern iron into steel by the
With this industry
open-hearth or basic process.
firmly established, as it now promises to be, the market for the output of Southern furnaces will be greatly
widened, and the advantages of the South in the matter of cheap production of pig iron will be still further
emphasized, to the increased profit and benefit of
cheapest service in the world.
that point
:
establish a line of 'busses
Mr. Gager quotes approvingly from the remarks of
the Massachusetts Railway Commissioners in one of
their recent reports, in which they say that the street
railway is not to be regarded as an intruder, having
no legitimate place or right to be on the public street.
It is nothing more nor less than an improved method
The use of the highway by
of public highway travel.
one method of travel necessarily interferes to a greater
or less extent with the convenience and safety of its
There are well known inconuse by other methods.
veniences and dangers to other travelers attending the
Yet
use of the highway by travelers in street cars.
this, it must nevertheless be admitted that
conceding
that entire section of country, not only in the sale of there is no known method of conveyance by which
the steel itself, but in the creation of numerous col- such large numbers of persons can be transported
lateral manufactories for convex ting it into finished through the streets with so much convenience, expedition and safety to themselves and other travelers,
products."
with so little noise, confusion and dirt, and with so
VAL UE OF STREET RAIL WAY FRANCHISES.
Not only
in
New York
but in other States
much
being directed to the subject of street
railway franchises.
In this State the matter is of interest in connection with the new tax law, which has
created such a stir and whose provisions are yet to be
construed and applied. In the other States the subject comes up either in connection with proposals to
levy larger taxes or suggestions to reduce fares. Very
hazy ideas prevail as to what these franchises consist
of and what their value is.
This gives interest and
timeliness to a very instructive address delivered by
attention
is
little
obstruction and wear and
tt
ar of the street as by,
the electric railway.
Mr. Gager has a definition of a franchise which, it
seems to us, is the best that has yet been suggested.
He says a franchise, to have a financial value as such,
must be of such a nature that it will enable its owner
from its possession in excess
of a reasonable profit on his property investment.
That
For illustration a patent-right is a franchise.
to reap a financial profit
right, or
franchise,
is
of
value
when
it
enables
its
owner to gain a profit or reward beyond the normal'
return on the capital invested. If, for instance, a
August
THE CHRONICLE.
19, 1899.J
363
patented article sells for $2 00 where, if open to gen- Bat even there gold is much more in circulation than
Indeed, one of the difficuleral manufacture, it could be sold at $1 00 and at it was a little while ago.
the same time secure the normal return on the capi- ties of the Bank of England just now in replenishing
tal invested in its manufacture, then this extra dollar its gold reserve is the very great drain upon it for
The Bank, under its
represents the value of the franchise secured by the sovereigns and half-sovereigns.
new Governor, has departed from the unwise rules
patent. If a street railway company can, by the use of
its franchise to run in the highways, secure a return far laid down by his predecessor, and gold is now flowing
But even so, the efflux of
in excess of the normal return required by its invest- in in very large amounts.
ment and the
risks of
its
business, so that
its
prop-
worth largely in excess of what has been put
into it, such excess would represent the value, the
financial value, as an asset, of its franchise.
He then demonstrates that no such value exists,
citing the case of the Connecticut and Massachusetts
roads in support of his assertion. His remarks are of
*'The more we study the regeneral application.
ports,"' he says, *'and the more we learn about the
narrow margin of profit after paying all expenses of
operation, maintenance of track and roadway, and
erty
is
coin for the great manufacturing
harvesting
is
telling
districts
and
for
upon the Bank.
Moreover, the great
demand
for capital
on account
one of the causes of the
Bankers and
steady decline in the price of consols.
other great capitalists are selling their consols to employ
of the activity of
the proceeds
that
is
more
trade
is
profitably in financing trade.
For a great
only one of the causes.
years the
new money deposited
But
many
in the savings banks
has averaged from 8 to 10 millions sterling per annum,
and
far the greater part of
this
immense sum has
been invested in consols. A certain portion, it is
railways as furnishing any short and easy road to true, has been utilized for lending to the local auwealth. The cold fact is, taking them generally, that thorities ; but much the larger part has been inthus far the riding public and the local property own- vested in consols. One consequence was that the
Stockholders have in- price of consols, which bear only 2f per cent interest
ers have been the gainers.
vested on faith in ultimate results which have not and which in a short time will pay only 2| per cent,
The Chancellor of
yet been realized. The best of the roads have done was run up at one time to 115.
the Exchequer is unwilling to go on buying at this
no better than a fairly successful manufacturing or
mercantile business. If they are left to themselves high premium, and he is proposing now to lend
to conduct their business on ordinary business princi- largely out of the savings' banks' deposits to the
ples, without spasmodic, uncertain and almost surely Grown Colonies and even to India.
taxes, the less shall
we
feel inclined to look at street
The diversion of so immense a sum as the savings
banks' deposits from the consols market would necesbetter served and the just claims of those who have
sarily and naturally have brought about a great fall
invested their money better protected."
What is true of Connecticut roads Mr. Gager in the price under any circumstances. The fall
disastrous legislative interference, the public will be
now being accelerated by the demand for accomcitations from the reports of the Massachusetts modation made upon bankers by traders, and the
Commissioners bearing out that view. We do not willingness of bankers to get out of consols now that
repeat these citations, because we have in the past they see the Government is no longer a buyer.
finds
is
true of the Massachusetts roads, and he makes
is
For a time the steady fall in consols caused some
argument by saying that if this conclusion as to profits little apprehension in the country. It was thought to
is correct, then it follows that every proposed law imply that politics were less serene than they seemed.
based on the idea of valuable franchises and excessive N"ow, however, the matter has become more clearly
It is really a Cftse of diversion of capital
profits, and which must result directly or indirectly understood.
in diminishing these profits, must be rejected because into other channels.
the assumed conditions do not in fact exist.
There
is food for reflection in these thoughtful words.
The ITEMS ABOUT BANKS. BANKERS AND TRUST GO'S.
address was made some time ago, but we have not
—The sales of bank stocks at auction this week amount to
142 shares. Of trust companies' stocks 362 shares were dealt
previously had room to refer to it.
in.
No sales of either class of shares were made at the
frequently referred to them.
Mr. Gager clinches the
Stock Exchange.
BRITISH TRADE ACTIVITY AND THE
DECLINE IN CONSOLS*.
Never, perhaps, has trade in the United Kingdom
been more active or more prosperous than it is at
present, and it is drawing away very large amoiints
Every one inclined to work is sure of
of money.
Wages are high
employment.
prices have been
;
steadily
advanced for a year and a
requires very
it
now than
much more
half,
capital
and therefore
to carry on a
did 13 months ago.
There is an exceptional outflow of money in consequence from London to the interior, especially the out
business
it
Shares.
80
50
12
Banks— iVew
Following
is
Tork.
Broadway Bank, National
Fourth National Bank
Hanover National Bank
Thcst Companies— iV^ew Tork.
America, Trust Co. of
45
20CityTru8t
onr usual table:
Price.
247i8
191'8
755
Last previous taU,
July '99— 245
Auk. '99— 1P3%
July '99— 734
291-294ia Aug. '99— 298i4
385-385i4 Jnne'99- 402i«
375i«
Mch '99— 290
5 Continental Trust
25 Farmers' Loan & Trust
143=>
120 International Banking & Trust.... 160-161>fl
12 N. Y. Life Insurance & Trust
1500
^25J4
i^^&**t®j£"^*
100 United States Trust
1620''8
Ausj.
Aug.
July
July
Aug.
'99—
'99'99—
'99'99 -
1441
167i<»
1487
415>4
1620
—The Bank of
Pittsburg, Pa., capital |1, 165, 150 and surplus
1690,957, proposes to change from a State to a national institution.
call has been issned for a meeting of stockholder*
of the bank to be held September 27 to take action in the
A
matter of the contemplated change.
The reason assigned
therefor is that such change will enable the bank to act as a
In England, it will be recol- reserve depository for other institutions. The Bank of Pittalected, no bank-note of less than £5 can be issued, and burg is the oldest in that city, having been organized in 1810
consequently the sovereign and half-sovereign are in and incorporated in 1814. The President is Reuben Miller,
the Vice-President is William Rosebnrg, and the Cashier ig
great demand for paying wages.
In Ireland and in
William F. Bickel.
Scotland £1 notes are issued, and consequently gold is
—The Wisconsin National Bank of Milwaukee, Wis., annot so much used in those two countries as in England. nounces
flow of coin
'
is
very great.
Communicated by our Correspondent
at
London.
to its correspondents the death at Pine Lake, Waukesha County, Wis., on August 9, of Charles Best, the Vice-
THE CHRONICLR
364
Individual representatives of New York banks will be in
attendance upon the American Bankers' Association Convention, and some of these New York representatives will doubtless be willing, if so requested, to explain the New York
check collection system, and give evidence as to its effijient
operation. The conference, it may be noted, will be held
concurrently and not in connection with the convention of
Mr. Best was the Active Manager of
President of the bank.
the institution and he was highly respected by all who had
business relations with him.
—A controlling interest in the stock of the German- Ameri
can Bank of Brooklyn, a State institution, with a capital of
$100,000 and a surplus of about $20,000, has been obtained by
the purchase of $80,000 of the capital stock of the bank by a
the American Bankers' Association.
syndicate of capitalists who propose to reorganize the instituThe bank is located at 927 Broadway, corner of Meltion.
rose Street, in an active and growing business centre.
—
The correspondent of the "Journal of Commerce" notes
that it is the intention of the Mint Bureau to make a reduction in the Government charge for refining silver, and that
this will be done on the recommendation of Assistant Secretary Vanderlip as the result of his investigation of the mints
during his recent visit to the West. It is said to be the in-
— Group No.
held
10.
1 of the Kansas State Bankers' Association
annual convention at Kansas Uity, Kan., Aug.
At the meeting of the Kansas State Bankers" Association
its first
last year, the State
was divided
and Group
into four groups,
[Vol. LXIX.
No. 1 embraces banks in nineteen counties in Northeastern
Kansas and the cities of Kansas City and St. Joseph, Mo. In
this territory are about two hundred banks, nearly one hundred of which being represented in this group of the State
The President of the convention was J. P.
Association.
Moore, of the First National Bank |of Holton, Kan., and the
Secretary was C. L. Brokaw, Cashier of the Commercial
Bank of Kansas City, Kan. The most important action taken
by the convention was the adoption of resolutions pledging
the members of the association to use their influence to have
Kansas bankers keep their reserve funds in Western reserve
cities instead of in the reserve banks in the East; and also a
resolution declaring it necessary, for the convenience of
bankers, that a United States sub treasury be located in
Kansas City, Kan. Mr. J. R. Dominick, of the American
National Bank in Kansas City, Mo., in his remarks supporting the last-named resolution, said that it was a daily occurrence for Kansas City bankers to order currency from St.
Louis and minor coins from Philadelphia, and the delay was
annoying. Therefore he felt that Kansas City ought to have
a sut -treasury. The Group elected the following officers for
the ensuing year: C. C. K. Scoville, of Seneca, President)
and C. L. Brokaw, of Kansas City, Kan., Secretary.
tention to reduce the
Government charge
for refining to
about the charge made by private refiners.
—A new trust company has been organized in Utica, N. Y.
Company, with a capital of
The stock has been subscribed and as soon as
1200,000.
necessary preliminary details can be arranged the company
will be ready for business. The officers selected are: James
S. Sherman, President; William Cary Sanger, Vice-President.
There is only one other trust company in Utica, the Fort
Worth & Utica; capital, $63 678.
— Recently some of the customers of the New York banks
have received, in the regular course of business, checks drawn
upon Massachusetts banks outside of Boston, which checks
to be
known
as the Utica Trust
have been stamped " collectible through the Boston Clearing
House." In some cases the above-mentioned customers of the
New York banks have claimed that thestamping of the checks
as above noted made them payable at Boston, and, as Boston
is a discretionary point under the rules of the New York
Clearing House Association, checks so stamped were not
chargeable for collection. The banks in this city wherein
such checks have been deposited have ruled that checte
stamped " collectible through the Boston Clearing House "
were not entitled to free collection, and with a view to ob—An impression seems to prevail in some of the Western tain an official decision of this question the matter was subcities, notably Chicago, that at the annual convention of the
mitted to the New York Clearing House Committee, which
American Bankers' Association, to be held at Cleveland, O., on August 16 promulgated the following decision:
Sept. 5, an effort will be made to establish a General Clear
New York, August 16, 189!^.
ing House for the benefit of the banks of the United States
Dear Sir: Your attention is respectfully called to the foland for merchants, through which the credit and solvency of lowing decision, made by the Clearing House Committee at
patrons of banks and customers of merchants may be ascer- a meeting held August 8, 1899:
Items on banks not located at a discretionary point,
tained. The probable foundation for this impression which
stamped collectible through the Clearing House at a disimpression, it may he noted, is declared to be entirely cretionary point, are subject to the rules, and charges must
erroneous— is that among the papers to be read at the con- be made thereon. In order to permit the waiving of charges
vention will be one by William R, Trigg, President of William on such items, they must be made payable at a bank located
at a discretionarj point. By order of
R. Trigg Co., ship-- builders, Richmond, Va., entitled: "How
W. A. Nash, Chairman Clearing House Committee,
Can the United States Become the Clearing House of the
William Sherer, Manager.
—
World ?"
— The Treasury gold
— It
thus far received by the
Assistant Treasurer at New York have been distributed
among the city banks, and comparatively few are reported
to have been sent to the interior by the New York correspondents of country banks. The certificates sent to Chicago
direct
certificates
from Washington amounted
to $ 2,000,000.
There were
$1,710,500 sent to Baltimore, $706,800 to Philadelphia, $865,000 to St. Louis and a few to Boston and to Cincin-
A
supply was forwarded to San Francisco, where
there is a good demand for them, but the amount sent
to that point is not stated. The inquiry is decidedly more
urgent for certificates of small than for those of large
denomination, but it will be impossible to meet the demand
for $20 certificates until they are received from the Bureau
of E:;graving and Printing. These certificates have to a
considerable extent superseded ttie use of " yellow tickets"
or receipts for gold coin heretofore issued by the Assistant
Treasurer.
nati.
known
is
announced that a new
as the Federal Trust
financial institution to be
Company has been
organized,
with a capital of $1,000,000 and a surplus of $503,000. and
that it will be ready for business some time in October. A
unique feature of this organization is that among the principal stockholders are members of the Gould family, embracing Messrs. George J., Eiwin, Howard and Frank J. Gould,
and Mias Helen M. Gould. The youngest son, Edwin
Gould, was this week elected a director of the Trust
J
Company of America, which institution, it will be remembered, is one of the recent trust company organizations
in this city.
It is regarded by trust company officials, who
are qualified to express an opinion, that the object in organizing the Federal Trust Company is in large part to care for
the Gould estate funds, and also to conduct the business of
the railroad and other corporations in which the family of
Mr. Gould is largely interested. No doubt other business
will be sought for by the Federal Trust Co.
.
— A novel scheme for the procuring of new capital is the
column that dele- announcement by the directors of the Mississippi Valley
gates from eleven of the large Western clearing-house Trust Company of St. Louis. Impelled by what is claimed
associations will meet at the annual convention of the to be "'a popular demand that there be in the West financial
American Bankers' Association at Cleveland, September 5, institutions capable of taking care of the financial needs of
to consider a uniform system for collecting out-of-town the West," this plan has been devised for the increase of the
checks and other items. It has been suggested that a delega- capital, surplus and undivided profits of the company. It
galion be selected from the New York Clearing-House seems that the present capital stock of the Mississippi Valley
Association to attend this convention and participate in the Trust Company is divided into 30,000 shares of $100 each, but as
— Last week
discussion.
it
was announced
in this
This suggestion does not, however, appear to
meet with lavor, and
will be taken b\' the
tht-refore it is unlikely that
New
any action
York Clearing-House Association
•
oaly 50 per cent has been paid in. the actual capital is $1,500,The book value of this stock (surplus and undivided
OlO.
profits being $1,140,618) is $88 per share and the market
.
,
August
THE CHRONICLE
19, 1899.1
calculated at $130 per share. The recent quotation,
it may be noted, was 124 bid and 127 asked.
As a preliminary to the f xecution of the plan for increasing the capital,
&c., it is proposed that the stockholders shall transfer to the
treasury of the company one-half of their present holdings
value
'
,
I
I
365
Mbbchandibb.
is
Seven
Mas. Export*. InvpoTts.
~
%
$
Gold.
Excess
of
Ex-
%
1
Im-
Exports ports.
ports.
$
1899. 687,92: 448,80 33U55; 3«».l41
1S9J*. 604,067 377,245 316822 7,723
1897. 360.872 506.481 54,3!.l 30.559
1896. 513.330 431,76* 90.56f 54,923
1895. 443,407 464,62r 31,21i- 39.41:
1894. 456,864 397,681 59,1P3 SS.ni
36,281
95,23>-
Sllybb.
Excus
of
Ex-
Export t ports.
$
3.818
31
Imports.
Excest
of Export*.
i
»
1
123 17.168 13,0£6
•87,6U 39.483 15'4:
1
3,936
of stock, or 15,000 shares, leaving the same number of shares
7,167 33.39; 33,85P 17.741 15,118
outstanding, the book value of which would, therefore, be
37,613 37..31( 36.036 17.43!- 18 698
37,559 11,88 38.748 13.118 16.680
doubled. If the market value of the stock should likewise
13 370 71,901 37,112 0,64i 17,4';2
be doubled, the outstanding stock would be worth $260 per
• Excess of Imports.
share. After the transfer of the 15,000 shares of the stock to
Similar totals for the month of July make the folthe treasury it is proposed that the shares shall be sold at
lowing exhibit.
$260 per share, yielding $3,900,000. Present stockholders are
to have the privilege of subscribing at $260 per share for 25
Mbbchandisx.
SILTIB.
dOLD
per cent of the entire capital, or for one-half of the treasury
Exe»*i
BxctM
Mo. Bvport*. Imports. Excesi
holdings of stock, the remaining 25 per cent being offered to
ExIm- of Ex.
ExIm.
of
of
Export port*. port*. Bxpori ports port* vort*.
the public at the same price. Should this treasury stock be
%
t
<
t
t
t
«
*
e
sold, as proposed, the amount realized, $3,900,000, would be
•30^ 4,003
3,731
1,273
1899. 94,908 59.925 34,C83 3.687 3.895
added to the present capital, surplus and undivided profits, 1898. 73,525 50.P84 31,541 1.497 3,642 •1.146 4,885 3,654 3,831
which is I?, 640,618, making the total amount $6,540,618. 1897 71,1(4 53 675 17 429 3,463
939
4.52? 4,706 3,694 3,011
The 50 per cent unpaid on the original capital would then be 1896. 67,7i8 53.109 15,60 1 1 ,931 1,668 10,263 5.771 3.643 3,128
3.12J
743
4.814
1.727
3,087
1895 56,542 73,026 16,484 3.367
called and a dividend of an equal amount on the entire capital 1894. 53,614 65,302 13.668 14,210 1,488 13,752 3.228 1 827. 1,401
would be declared (payable out of thenewsurplus) with which
* Excess of Imports.
to meet the call. Adding this dividend to the present actual
In these tables of totals, gold and silver in ore for
capital of $1,500,000 would make ttie fully paid new capital
all years are given under the heads respectively of
$3,000,000, and leave the total surplus and undivided profits
gold and silver.
$3,510,618, or the total capitalization, as stated above, $6The following shows the merchandise balance for
540,618.
The officers of the Mississippi Valley Trust Co. are
Julius S. Walsh, President Breckenridge Jones, First Vice
each year back to 1875.
EXCESS OF MERCHANDISE IMPORTS OR EXPORTS.
Presideni Samuel E. Hoffman, Second Vice-President; De
1 month ending July 31—
7 months ending j u ly 31Lacy Chandler, Secretary James E. Brock, Assistant Secre. 1875
Imports. $3,677,266 1875
Imports .$25,472,478
Exports. 9,236,241 1876
tary, and Frederick Vierliag, Trust Officer. The directors 1876
Exports 59,300,<24
Imports. 2.416.070 1877
Exports. 35,480.343
1877
are Elmer B. Adams, Williamsen Bacon, James Campbeil, 1878
Exports. 10,662,7.M 1878
Exports. 166,517,286
;
;
;
David W. Caruth, Charles Clark, Harrison L. Drummond, 1879
1880
Auguste B. Ewing, David R. Francis, August Genner, 1881
1882
George H. Goddard, Henry Hitchcock, S. E. floffmar, 1883
Breckenridge Jones, Samuel M. Kennard, William F. Nolker, 1884
1385
William Turner, William D. Orthwein, Thomas O'Reilly, 1886
Charles H. Turner, Julius S.Walsh, Rolla Wells and Eugete 1887
1888
F. Williams.
— It was ann( unced in this column on July 29 that arrange-
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1809
Exports.
Exports.
Exports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Imports.
Exports.
Imports.
Imports,
Exports.
Exports.
Exports.
Experts.
9,644,349
13,710,587
10,610,936
11,187,337
4,096.848
513,032
3,362,624
2,855,086
7,197,314
14,157,356
19,.'528.719
23.114,472
4,373,142
7,268,263
5,927,790
12,687,8^0
1879
1880
1881...
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
Exports. 124,61-0,960
Exports. 44,874,081
Exports. 108,610,902
Impoifcs. 50,624,367
Exports. 41,986.173
Exports 10,242,803
Exports. 51,951,069
Imports. 3,833,824
Imports. 34,287,441
Imports. 75,732,756
Imports. 50,183,975
Imports. 41,835.835
Imports. 17,634,713
Exports. 40,157,149
Imports. 62,872,281
Exports. 59,182,':09
Imports. 21,219,092
Exports. 90,565,677
Exports. 54,391,108
Exports. 33 6,821,427
Exports. 239,557,094
ments had been nearly completed for the merger with the
Corn Exchange Bank of this city of the Queens County Bank
1(^,484,057
of Long Island City, a State institution, with a capital of
13,609,237
17,429,209
$100,000 and a surplus of $164,600. On August 21 meetings
21,540,668
of the stockholders of both the Corn Exchange Bank and the
34.983,340
Queens County Bank will be held to ratify the agreement of
merger of the two banks. After this ratification the Queens pt0ttjetat:ggCli;0tttmcrcialgtij9[Il5Tt?^etxrs
County Bank will be conriucted as a branch of the Corn ExFrom oar own oorresponaeni.i
change Bank.
It is expected that Mr. Walter E. Frew,
LoDON, Saturday, August 5.
President of the Queens County Bank, will be elected a ViceThe holiday season has set in and business upon the Stock
President of the Corn Exchange Bank.
Exchange here has in consequence become very quiet. The
weather of this country is exceedingly hot. Every one who
IMPOBTS
JULY.
can is leaving the city, and even those who are condemned
The Bureau of Statistics at Washington this to remain are getting away for a few days, because tc-day
week issued the statement of the country's foreign the Stock Exchange is closed and Monday next will be a bank
trade for July, and from it and from previous holiday.
The general public is not dealing in the Ameiican departatatements we have prepared the following interesting
ment. But there is a considerable speculation for profesBummaries.
sional operators. The great prosperity in the United States,
FOBBiON Tbadb Movement of thb United states.
the good earnings of the railways, and generally the imIn the f ollowlns tables tbree olpliers (000)
I
AND EXPORTS FOR
are in
1899.
.
Boeporu.
91ercli'dlae.
t
313.989
Jan.-March
8?*,7»5
9.1.841
April
Import*.
.
Exeets,
»
t
191.319 +l-2'i.6-0
e.5.20»
+3:<.587
70,161
+'.i3.f80
« 1.767 +34.'- .37
all
oases omitted.
1898.
.
Bxvortt.
«
315.965
99.315
]11.2^3
94.979
Imporii.
t
JBxeiu
I
165.465+150.500
55,^46 +43,369
53,585 +57,6t8
pression that the prosperity of the country is likely to
continue and to grow greater, are all attracting careful
observers. But for the moment the general public is doing
very little. Practically it is absent from all the markets.
59.925 4-34.983
July
7!i,Ba5
+!41,541 In the Western Australian department the rise that has been
«87,9»7 448.370+^39 557
Total..
694,067 377,246 +316,822 going on for some weeks has made further progress this
Gold and Gold In Ore.
week. It is a very much more limited market than the South
14. '29
Jan.-March.
3,488
-11,296
4,417
43 364 -38.947 African. It has not the great capitalists which the latter
April
1,163
'2,4(?a
-1,320
-3 .256
1,324
'.4.049
May
3.070
-1,021
109
13.322 -13.213 has and it is partly dependent upon colonial support.
But
!40.9f9
iJune
3.108
—•^.954
+ 17,8'>S
376
3,830
July
•.^,895
—308
-Z.^.Sr
—1,145 just now it is the only department in which speculators see
1.497
-JM2
Total
30.111
a6,«83
+3.858
7,723
95,238 -87,515 very much prospect of making considerable profits, and conSilver and Silver In Ore.
sequently the speculative portion of the public has been dealJan.-March.
14.768
r.082
+ 7.076
+4.960
ia,i68
7,198
April
l,8bO
4.083
i-'i.2HS
+'.*.0iS
4,100
'.i,C92
ing largely and up to the present very profitably. There
-May.
3.C10
4.436
+ 1,426
4,184
1,574
-t-'.i.610
1.H95
June
3 813
+1,948
+'^.127
4,lne
>/,029
have been some extraordinary rises, and apparently the
July..
'Z.TSl
4,003
+ 1,272
4.835
'i,«54
+ a,231
movement is destined to continue for some time longer ualess>
Total.
31,123
17,168 +13,955
15,647 +13,936
i£9,483
of course, money should suddenly become scarce and dear.
— Excess of Imports.
+ Uxcessof exDortS'
The Bank of England, under its new Governor, is pursusubjoin the totals for merchandise, gold and
ing a more far-sighted and a more successful policy than
silver for the seven months since Jan. 1 for six under his
predecessor. It is now obtaining a very consideryears.
able amount of gold, and so far, at all events, it has been
May
June
96.391
94.908
51.863
50.984
+43.7U
1
.
We
.
.
THE CHRONICLR
366
making its rate of discount effective. Most of
the gold coming from South Africa and Australia is going
into the Bank and a very considerable amount has been received from the Continent, about half a million sterling from
successful in
Germany alone.
That Germany should allow so much gold to be shipped
just when great stringency is expected has surprised most
observers. The explanation seems to be that for the moment
the Imperial Bank is helpless. Since the beginning of the
year the German and Prussian governments, the Saxon Gov-
[Vol. LXIX.
The quotations for bullion are reported as follows:
Gold.
Aug.
London Standard.
3.
d.
(.
Bar gold,
fine
oz.
Q.8. gold coln...oz.
Glerm'ii gold ooln.oz.
frenoh gold ooln.oz.
lapanese yen
oz.
July
27
Aug.
July
3
27.
d.
«.
d.
ft
Bar silver, fine. oz. 2734
5^ Bar Bllrer, oontaln'g
9
77
51s 76
6 76
eifl 76
5 76
77
76
76
76
76
Silver.
London Standard.
9
27lli8
. .
do 6 grs. gold.oz. 28 14
do 4 grs. gold.oz. 38li8 28
do 3 grs. gold.oz. 2778 i7i3ie
6
6i2
5
Cake silver
oz. 29ioif 2978
MAxInan dollars. oz 2738 2738
The following shows the imports of cereal produce into
ernment and three or four of the other minor governments khe United Kingdom during forty-eight weeks of the new
have raised considerable loans, the proceeds, or part of the season compared with previous seasons:
proceeds, of these various loans being now accumulated in
Berlin; and the Berlin bankers, with whom they are lodged,
are trying to employ the money at the best rate they can.
This has for the time being driven down rates almost to
the London level, and as Germany owes very considerable
amounts to this country, the fall in rates has been followed
by an outflow of gold. But as a matter of course the fall in
rates is very temporary, and any moment indeed the Im-
Bank may be expected to take strong measures to stop
the drain, and in any case the proceeds of the several loans
will soon be paid away and thus the supply in Berlin will
automatically decrease.
The India Council continues to sell its drafts wonderfully
well considering that the Indian money market is very easy
just now. The Council offered for tender on Wednesday 40
lacs, and the applications amounted to as much as 899 lacs.
The whole amount offered was disposed of in bills at prices
ranging from Is. 3 15 16d to Is. 3 31-32d. per rupee. Subsequently one lac of telegraphic transfers was sold at Is. 4 l-32d.
per rupee by special contract.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
fto., compared with the last three years:
perial
1898.
1899.
Aug.
£
Government
seourltleB
4S%
44H
Prop.reservetoliabllitles.p.ct.
Bankrate
percent.
OlearlnK-Honse returns
rates for
2^
Hi
3>«
106^-16
21HA.
Consols, 2?< per cent
BUver;
The
34,479,01)8
a7^d.
20H,135.C0]
113K
26^0.
146 428,uoO
money have been
27.8?0,736
6,188.896
65,8B6,655
14,956.995
28,569,097
86,122.418
47,148.147
58 9-16
2
113^
13,941,630
82,607.263
2^,872.293
London.
Bank
3 Months.
"
"
2H
8^
8^
7 3
July
"
14
21
Interest aUxnetd
for deposits by
Trade SUU,
6 Months. 3 Mos.
4 Moa.
2H
Joint IHa't BTi
Stock At 7-14
Banks
Call
Davt
29i
3?6(a3 7-16
4
4
112,939,755
Total
2
2M
2H
2
2H
2
2
2M
2
The Bank
rate of discount and open market rates at tke
chief Continental cities have been as follows:
July
July 21.
28.
July
14.
Bate* of
Bank
Frankfort.
.
Op«r.
Market
Rate.
Mark
.
.
Brussels
Vienna
PetersbufR
Madrid. ..
Copenbaoren
2 15-16
iH
4«
4«
..
Amsterdam.
Bt,
Bank
2
Paris
Berlin
HambnrK
Open
Rate.
Interest at
3 15-16
3 15-16
3
il4
m
m
3H
04
5«
3H
*H
6H
4X
4«
iH
3X
2%
3M
3^
SH
Bank
I
Open
Market
Rate
-^^
2%
iii
3H
iH
5^
prloe. season.. 26b.
The following shows
alEe afloat
3H
2d.
Wkeat
qrs--- ?o CQsi nnn5
r.wwr.equaltoqrs.... $''''*^^'"""<
1,030,000
are....
6>»
3H
3H
S
6
8
6
8
6^
6«
6^
5«
288.
8d.
1898-6.
8a.
Od.
238.
25a.
and
Kingdom:
This week.
Maize
1896-7.
288. lOd.
the quantities of wheat, flour
to the United
Last week.
2,390,000
295,000
745.000
1898.
1,790.000
190,000
660,000
1897.
625,000
19^,000
515.000
Bneliab Financial markets— Per Cable.
closing quotations for securities, etc., at London
•re reported bv cable as follows for the week ending Aug. 18.
The daily
LONDOK.
Silver,
per ounce
Sat.
Tues.
Wed.
27%
d.
Mon.
27%
27%
27%
new, 2^ p. ots. 1057,6 10558 10511,, 10578
106
For account
I059i« 1051*16 10579
9990
FVch rente8(in Paris)fr. 99-87ia 99-87^
5958
Spanish 4a
60
eoM
591a
2116
2158
2138
2108
Atoh. Top. & Santa Fe.
65i«
65ie
65 1«
Preferred
66
4938
4978
49ifl
49ifl
Baltimore & Ohio
74
Preferred
74
74
74
lOOifl
10038
Canadian Pacific
99
981s
5578
Central Pacific
65%
56
56
2»l4
28 14
29
Chesapeake <fe Ohio
28%
1.9618
135
136
Chic. Mil. & St. Paul.... 135i«
21B8
2138
2214
2208
Den. & Rio Gr. com
78ifl
78ifl
77
Do
do Preferred.. 7608
14
1378
Brie, common
13%
13%
Consols.,
38ifl
3858
II714
Central
Louisville & Nashville. 76=8
Mo. Kan. & Tex., com.. 13
S. Y. Cent'l & Hudson.. !142
N. Y. Ontario & Weet'n 27
Norfolk & West'n pref
74
5414
Northern Pacific, com.
Preferred
8014
117ifl
381a
1171a
77^8
78 14
13%
I318
1421a
lat preferred
Illinois
•Phila. ARead
•Phila.<feRead., Istpref.
'Phila.A Read.. 2d pref.
Southern Pacific
South'n Railway, com.
Preferred
Preferred
Wabash, preferred
143
2714
27
74%
74%
5479
7914
541a
69%
70 »4
1138
1138
3II4
1736
70V,
1138
307e
1718
!
Union Paoitio
Open
Market
31
!
1
1
I7ie
355g
1134
531a
45ie
7914
23 14
79 14
35%
11%
35%
54
46
79%
5418
4558
791a
231a
23
12
3858
1171a
78I3
13 14
142
?678
74 14
54
79
69%
llifl
3078
1678
3578
1178
53%
45 18
79 14
23 18
Thurs.
2713,6
1063i,
10638
100-00
59%
21^8
66 14
50%
74
98%
58 14
29ie
1351a
2238
781a
1378
38%
II713
8OI3
I314
1
1
1
:
142
2714
7358
5478
78%
69%
III4
3078
1678
3818
121a
5478
4579
1
:
79I4
231a
~~2«
'
4J4
3%
iH
5H
i}4
1897-8.
36a lid.
368. 5d.
1896-6.
Price per share.
3^
3H
4
6«
&
8
31i
*I4
m
4
Messrs. Pixley
Rate.
3J«
4
i^
5«
Ang. 3:
Gold— The Bank
Bank
..-
3
96,670,804
1898-9
4var.prlce wheat,week.25a. 2d.
Pennsylvania
Aug. 4
92,263,407 103,397,278
20,837.905
1
3«
3«®3^
63,994,910
18,433,540
14,242,354
home-grown. 32,500,000
!
2
2
2
35<@4
3)i®4
3^
28
Aug. 4 3
16],6l;!!,OG0
as follows:
BiUs.
4 Months.
31%<1.
146,686,000
Open Market Rates.
Imports of flour
Average
20,756,712
13,186.580
2.34^,760
2,965,912
39,915,070
18,433,540
1896-7
61,228,250
18,667,420
23,501,608
1897-8
60,428,610
18,781,470
13.053,327
898-9.
1
Vales of
1895-6
63 994,910
consumption (exclusive of stocks on
owt..'iS,601.850
5.
2
13,088.522
81,513,814
20,787,534
33,214.474
49,!S77,ti00
18,781,470
1896-7
61,228,250
20,312,900
16.842,680
3,085,645
2,535,280
54.649,660
18,667,420
1):
Wheat Imported,
£
28,465,385
7,.i68 138
41.246,477
18,783.4H0
28,548.326
24,290,923
85,988,308
4y 1-16
4.'i,l56,173
[Supplies available for
September
1897-8
60,428,610
19,2l7,304
13,969,290
2,211,145
2,246.450
1806.
Aug.
i.
£
?8,408,805
0,146,314
7,2Hfl,483
39,v;67.748
Other securities
Reserve of notes and coin
Coin Abulllon, both departm'ts
Aun.
i
29.227.U0
Olrcnlatlon
Public deposits
Other deposits
1897.
Aua.3.
2.
1MPOBT8.
1898-9
Im ports Ofwh6at,owt.59,601,850
liarley
21,928,543
14,070,120
Cats
2,194,lf)0
Peas
1,949,570
Beans
52,586,060
Indian corn
Flour
20,837.905
3H
3M
*^
6
5
S
6«
Abell write as follows under date of
England continues to receive all the arrivals o^
gold, and has purchased during the week £835,000, of which £526,C00
li in bara and £309,000 in German gold coin; £35,000 ha.s been withdrawn. Arrivals: South Africa, £673,000; Australia, £32,000; West
Indies, £34,000. Total, £739,000. Shipments
July 27— Bombay,
^ovxnxcxcml and ^isczXlmitons g^ctus
National Banks. —The following information regarding
is from the Treasury Department.
national banks
NATIONAL BANK ORGANIZED.
5213.— The City Xatlonal Bank of Lincoln, Nebraska. Capital, $100,000. W. T. Auld, President; J. H. Auld, Cashier. Certificate
issued August 11, 1899.
LIQUIDATION.
of
:
£52,000.
Silver— The market has been very quiet and steady. Supplies have
b^en small, with little pre.isu e to soil, and the closing quotation is
27\d., with none on offer. The Indian price is Rs. 70'8 per 100 tolahs.
A'-rivals: New York, £141,000; Australia, £13,000: West Indies
£25,000. Total, £179,000. Shipments: July 27— Bombay, £60,000;
Shanghai, £35,5O0. Total, £95.500.
Mexican Dollars— Of these coin a few have been placed for the East
recently. Shipments fco Straits aud China, £11,200.
3718.— The Central National Bank
of Springfield, Missouri, has gone
into voluntary liquidation by rosolution of its stockholders
dated July 28. 1-99, to take effect immediately.
4855.—The Franklin National Bank of New York, New York, has gone
into voluntary liciuidation by resolution of its stockholders
dated July 10, 1899, to take effect August 1, 1899.
CHANGE OF TITLE.
1985.—The Planters' National Bank of Danville, Virginia, to the
First National Bank of Danville, approved August 1, 1899.
IMPORTS AND EXPORTS FOR THE WEEK.
—The following are
the imports at New York for the week ending for dry goods
Aug. 10 and for the week ending for general merchandise
Aug. 11 also totals since beginning first week January.
;
August
THE CHKONICLE.
19, 1899.]
FOREIGN IMPORTS.
Flow.
at—
Htceipt*
367
Wheat.
Corn.
Oatt.
Barltv.
i.ve.
BbU.Weibi Buah.eo lb> Buih.&eibs Bush.32lb8 Bu$h.iSlbt Bu.ea
For week.
Dry Goods..
«2.492,19^
7.004,150
«l,166.473
5.457,277
*1,6?4,732
5,963,116
«1,902,804
7,683,848
Gen'l mer'dise
1896.
1897.
1898.
1899.
Milwaukee
Dnlutb
72,075
190,335
«
Dry Goods
*63,54S,942
254,820,888
Gen'l mer'dise
$6,623,750
7,597,848
9,586,652
$91,955,988
242.244,042
*58,698,836
211,354,286
*
9,496,349
.1>73,287,402
215.995,246
Total 32week8 $318, 366,8301*270,053,122 J334.2C0,030 *2!>9.282,e48
of dry goods for one week later •will be found
dry goods trade.
The following is a statement of the exports (exclusive of
Bpecie) from the port of New York to foreign ports for the
weekending Aug. 14, and from January 1 to date:
The imports
in our report of the
EXPORTS FROM NEW YORK FOR THE WEEK.
1898.
1897.
$9,156,608
295,286,591
J9.105.569
243,493,580
1899.
For the week..
4.7,888,861
Prev. reported
275.875.730
Week.
$9,02fi,000
$37,966
$3,295,969
2,887,938
1,127,226
794,511
170,862
413,651
53,282
"4,614
3,2.'i0,C00
West Indies
Mexico
South America
5,655,914
30,496
411,552
130,196
'i2,i25
$7,425 125,800,737
12,000
4,701,597
29,628.907
*54,705
1,084,817
344,934
$7,425
All other countries.
..
.
22,835
.
Peoria
14,000
Saniaa City
Exports.
Week:
Great Britain
France
Since Jan.
Week.
T.
...........
West Indies
Mexico
South America
"i'.i's'i
"v'oo
All other countries.
Total 1899
Total 1898
Total 1897
$34,020
$211,532
"1,915
708
9,742
13,041
6.987
$65,705
27,413,953
29,296.028
^,528
53,202
$2,355,H35
1,493,720
1.749,835
addition to the other tables given in this department, made
up from weekly returns, we give the following figures for
the full months, also issued by our New York Custom House.
The first statement covers the total imports and exports of
merchandise and the Customs receipts for the seven monthg
of the last two seasons.
MOWTH.
MKROHANDISK MOVBMKNT AT NUW YOKK, Customs Rkcxifts
AT Niw York.
Importt.
Exporti.
1899.
1888.
1899.
1898.
1899.
1?98
89.349,978
41,406,582
84.633.613
36.015,776
,-8,149,0»4
36.918.868
83.396.871
81,067.349
12,198.993
50,697.958
41.239.260
13.554,702
43,849.067
87,175.334
42,060,954
37.477.S54
«0,859,03l'
April
11.625.239
May
46,475,218
39.634,9it
38.405,506
37,189,835
88,238.131
45.3c 8.S63
1 1.683. 49C
232,760
31.824.944
40.824,221
47.215.880
11.895.469
,384.838
32.914,621
87, 93?. 046
31,662,651
11,683,484
299.417, 17tf 247,208.955 267.' 29.776 270,810,781
84.558,581
June
July
Total_
89.< 03.434
The imports and exports of gold and
months have been as follows
Import*.
1699.
S
Janaary..-
2.580,239
B'ebrnary..
March
Jsna
July.
Total...
%
1899.
$
1899
%
ExvorU.
IS 99.
$
3.162.080
1.484.074
2.602.183
1.232.710
939,92t-
2<>4.193
822,091
1,057,84«
26.868.69S
723,738
1,896.499
6.058.892
10.294.461
385,84 2
1.754,92'/
';91,444
492.809
T08.366
20.871
136.465
ee.ion
8,455.C55
70.eiP,U'-.
25,584.918
2.166,465
714,495
28.889.258
1,103,581
1.666.084
9,101.870
1.331.495
938,687
99,391
lP,8i«,888
8.151.22!>
4.643,9fl8
631854
4.089.': 96
964,546
3.714,622
2.036,456
4,08S,«72
1.008,371
8.672.716
1,608.6111
3.878,035
28,686,755
—
BreadatnflTs Flenrea Brongnt From Page 349. The
Statements below are prepared by us from the figures collected by the New York Produce Exchange.
The receipts at
Western lake and river ports for the week ending Aug. 12, and
since Aug, 1, for each of the last three years, have been:
1,200
82,656
159,367
373.981
57,000
71.69.^
4,928.774
5,416,376
6,102,354
182.501
844,635
541 9Zi
8.178.149
8,549,617
8.447,975
378,683
6.523.444
7,125,425
5.719,314
4£ 9.741
10.018.931
11,454,336
11.229,804
121,148
351.257
Oorn,
^V^eat,
buih.
buth,
719,200 1.319,176
91.282
587,032
44J,078
318,410
36,007 1.078.540
969,389
473.463
85.074
4.142
369.516
127,600
368.117
149.999
462.000
38,000
15,958
62.375
Blour,
bbls.
132,572
54.598
84.986
36.426
84,S66
Boston
Montreal
Philadelphia
Baltimore
Richmond
1.625
10.660
New Orleans*
Newport News
Nurfolk
UalTestOD
177,215
396,816
660.262
14.647
Me
18.635
Barltv,
bu$h.
Oatt,
biuh.
959.000
378,450
5,000
102,326
195,226
8,596
85.730
79,500
282,100
8^,847
29,464
Rv,
biUh'
44.850
500
iV.i'o'o
4.583
618
"l 0,000
82.276
315,411
433,421 2.278,052 5,447,294 1,904.103
64,951
Total week..
Week 1898
3a8,080 2,50:<,437 2,357,111 1.216,813
3.750
83,764
^Receipts do not laolude grain paatinR throaan New Orleans tor foreign
Ports on through bills of ladlna.
Total receipts at ports
follows for four years:
1899.
"ectipts of—
from Jan,
to
1
Aug. 12 compare as
1893.
11,492.971
1897.
10,201.665
1896.
8,559,157
bush. 69.556.224
65,108,485
118,008,080
50,5aO,601
3.642,869
3,941,447
flour
133.01^7,427
61.416,1-77
«.04«,B67
9,226,126
34,510.924
114,811,780
47,103,744
7,090,8H7
6,bl4,116
82,240,800
48.907.278
40,948,186
4,747,427
1,909,638
245,679.221
271.8S6.6S2
309.330.760
128.753.338
12.692.060
bbli
Oora
OatB
Barley
Rye
several seaboard ports for 'he week
ending Aug. 12, 1899. are shown in the annexed statement:
The exports from the
(Jew
York
Flour,
Oorn
Wheat.
Bxporti from- — bush.
Portland, Me.
Philadelphia..
Baltimore
Orleans..
c^orfolk
NewD'rt Newf
Montreal
GalTeston ....
1,
OaU,
bbli.
bush.
r56.277
202.154
82,275
l.OiO
80.000
bu$h.
666.8^3 1.810.802
385.088
15.858
62,376
48 000
766,051
664.3'<7
920,251
270,892
220,800
149,999
366.117
591,816
767.721
441,515
Boston
5,279,286
3,838,463
67.337
12.452
13,S35
28,151
60,331
2.732
14,647
tour.
23.086
30,573
275,587
270,009
714.012
861,728
120,163
116,343
26,288
69,252
175,379
Am. Colo's
Other countries..
Total
.
Total 1888
..
.
13.443
14,722
5.042
1.965
WheeU.
,
.
Week
Au<j. 12.
1.158.641
1,382,888
1,162,016
1,234,861
1!34,«07
Week
Oorn.
Since Sept
Aug. 12
bush.
71.352,561
62.775.897
198.166
2,274,364
2.937,744
2.172
23.391
28.622
15,003
644.999
6,730
275,687 16.687.414
270.t09 13,363,813
,
1898,
btuh.
1.
,
407,811
>
Since Sept,
oush.
Onlted Kingdom 214,126 11,033,957
Continent
2,624,062
26,289
& G. America.
West Indies
week and since
below.
Week Since Sept.
and tine* Aug. 12.
1. 1893,
Sept. 1 to—
bblt.
bou.
Br. N.
hush.
119,906
124,900
3.212
68,294
of these exports for the
1898, is as
Barley
Peat,
bush.
79.500
12.836
Bxvortsfor
8.
Rye,
bush.
61.863
1:5.402
fteek
1, 1898.
bush.
79,582.746
69,972.928
176.992
1,014,896
343,650
1,342.568
2,648,169 124,971.823 6,279,286 172,433.774
?.3e9,854 123.718.847 3.838,463 192.825.637
The visible supply of grain, comprising the stocks in
granary at the principal points of aooumulation at lake and
seaboard ports, Aug. 12, 1889, was as follows:
Oorn,
buth.
bush.
724,000
6/7.0O0
Boston
Philadelphia
Baltimore
New Orleans
Galveston
Montreal
Toronto
85'',000
237.000
1.628 000
In store at—
Sew York
Do
afloat
1,833,000
743,000
Oatt,
bush.
465.000
47.000
297,000
157,000
226.000
340.000
4,300,OOO
91,000
Rvi,
bush.
143.000
Barley
bush.
98.000
53.000
64,000
45,000
161.000
91.000
1,300,000
414.000
148.000
133,000
203,000
657.000
110,000
62.000
2,169.000
5 12,6c 6
245,'66b
"iiiooo
401,000
ikVooo
'
'
6.926.0UO
1,971,600
58,000
"3,600"
Ft.Will'm&Pt. Arthur 1,70\000
Oolutn
3,798,000
244.000
eKobo
Oo
..
Do
* • • •
1,000
,000
13,000
14,000
62,000
afloat
Do
Do
ii.oc6
15,006
afloat
Chicago
165,000
21,000
"l.OCO
'ibVooo
86.0UU
'45,606
33,009
'22,606
14,000
1 600
"5.OCO
1.029.606
afloat
aflnat
DO
Kfloat
Minneapolis
St Louis
7.205,000
1.724.000
681,000
141,100
100,000
42,000
18.000
68,000
310,000
747.000
1899 !'6,256.00n
1899
37,042.000
1898 * «,^97,00i<
1897 *17,2,:6,0C0
Aug. 16. 1896 ,•45,876.000
Do
afloat
Kansas City
Peoria
Indianapolis
On Mississippi River
On Lakes
On canal and river.
Total
Total
Total
Total
fotal
1,152,000
afloat
Do
SIL7JB^NBW Y0B>.
3,013
8,750
185,539
Detroit
Impnrti.
1898.
19:).800
3,015,897
Bullalo
68.386,868
silver for the seven
Sxporta.
1898.
150.000
270,050
lS4,C0n
3,572.161
Milwaukee
MOKTH.
April
960,264
1
21,C00
10,718
245,458
3.779, f 85
Toledo
Gold Movbmknt at Nkw yoBK.
May
464.000
602,736
578,087
164,201
24.000
18.589
728.785
Wheat,
January.,
february.
March....
$
12.517,20
109.400
3,701.976
RtetipUat—
New York
September
New York—Monthly Statement. — In
17,889
5?.980
3,728,198
Of the above imports for the week in 1899, $200 were
Total week.. 2,548.169
American gold coin and |200 American silver coin. Of the Same time '98 2,»8y,854
exports during the same time $2,500 were American gold
The destination
coin.
Foreign Trade of
17.C00
209,318
New
».783,514 $29,378,401
895,493
917,349
514,49'
1.003,850
588,000
29.821
80,400
P,7J6
ib».
32,626
14,000
The receipts of flour and grain at the seaboard ports for the
reek ended Aug. 12, 1899. follow
3,249
4,9F3
1,543.686
235,720
482,391
9,600
70,664
8,604
9,000
1?3,440
180,177
63,460
2'9,5S0
45.933
1=6.873
2.666.637
Total drain..
Since Jan.l.
122 9C0
241.861
Since Aug. 1
189«...
1898
1=97
Imports.
$687,975 $27,027,736
1
*8,743,439
70,416,503
2,737,412
2,681,800
41.3,442
Tot.wk.'99
wk.'98
wk.'97
Same
Same
mieat
Total 1899
Total 1898
Total 1897
Germany
\Since Jan.l.
7,397,580
Germany
at. liouli
Portland,
Imports.'
Gold
Great Britain
France
Oleyeland
227,349,810
table shows the exports and imports of
specie at the port of New York for the week ending Aug. 12
and since January 1, 1899, and for the corresponding periods
in 1898 and 1897.
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
Sine* Jan. 1
5.600
7,510,488
The following
WeeJf.
13,630
Detroit
1896.
Total 32 weeks $283.764.."^ 91 $304,443,199*252,599.149 $234,860,298
Exports.
Toledo
1.739,677
603.090
970,683
126,871
90.234
46«,034
5,850
630,000
2,672
Minneapolli
Total
Since Jan.l.
380.695
133.700
4°3,991
82.346
OhloaRO
Aug.
Aug.
12.
Aug.
Aug.
13,
14,
5.
1,561.000
1.000
'
3.CC0
14,066
197,000
24,000
"'i.666
1.54«V666
26,000
478.006
257.000
25.000
62.000
10,185,000
10,343,000
3 837.000
4.511.000
3,C3I,000
6,680,000
7,279.000
572,000
368, 00
416.0>O
243,000
862,0C0
612.OC0
1H,|>17,000
18,507,000
13.750.000
5P.S.000
449.000
1.5Sa,000
1.596.000
• Exclusive of New Orleans. Galveston, ^t. William and Port Arthur, but
including Albany, oswego and Cincinnati, now omitted.
NOTE.— Beginning July 1. 1899. the New York Produce Exchange has changed
its Visible Supply Statement by inclu ing stocks at New Orleans. Galveston.
Ft. William and Pt. Arthur (previously omitted) a..d leaving out Albany
Oswego and Cincinnati, formerly included.
THE CHRONICLE.
368
[Vol. LXIX.
New York City, Boston and Philadelphia Banks.—Below
we furnish a summary of the weekly returns of the ClearingHouse Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the nonDepots
member banks.
New York City Clearing Hense Banks.—statement of
condition for the week ending August 12, based on average
of daily results. We omit ttoo eivhers fOO) in all cases.
Banes.
Oapiial Surpl'i
Loans.
Legals.
Specie.
Bftnk of New York
Huitaattan Oo
Merohuits'
$990,0 $15,940,0
20.396,0
$a,oooio $l,880i6 516,400,0 $3,250,0
2,060,0 2,266,0 17,768,0 4,105.0
2,000,0 1,067,6 13.940,0 3,720,0
2,000,0 2,001,6 13,027,0 2,673,0
ICeohaiUcs'
1,600,0 2.788,7 23,039,1 4,612,0
Amerloa
222,6
1,000,0
4,890,0
869,0
Phenlx... ..-.•••••
1,000,0 4,748,P 84,661,6 23.866,3
800,0 6,616,2 36,729,2 5.180 7
Obemioal
183,3
6,069,8 1,009,1
Kerohantt' Bxoh'ge
600,0
•• 1.000,0 1,716,0
.•
8,329,6 1 427,4
OallAtlii
72,6
1,134.7
277,7
800,0
Butobers'A Drov'rs
114,1
2,010,0
193,0
400,0
ICeohanlos'tft Trad's'
169,3
1,00U,3
116,3
200,0
Oreenwloh
3,S60.2
481,4
707,8
600,0
Leather Manofac'rs
164,2
733,1
3,156,0
800,0
SoTentli
614,3
333,6
4,380,7
Bute otiserw York.. 1,200,0
Amerloan Exchange 6,000,0 2,684,2 26,638,0 3,391,0
6,000,0 3,432,9 27,198,1 2,067,3
Oommeroe
6.973.2 1.283,8
1,000,0 1,661,0
Broadway
1,000,0 1,010.9 12,164,^ 2,667.8
Meroantue
3,ll!i,0
456,7
487.3
422,7
Paolflo
876,1 21,822,(1 6,348.4
1,600,0
RepnhUo
818,9
983,1
6,368,4
460,0
Chatham
294,7
290,4
2,297,6
200,0
People's
630,8 11,746,6 3,061,9
1,000,0
North America
38,494,3 10,598,1
1,000,0 2.631,6
Hanover
693,3
4,234,0
369,6
600,0
6137
3,048,3
366,2
600,0
Oltuene'
444,3
2,717,3
263,2
600,0
Nassau
963.1
6,479,8 1,493,2
900,0
Market A Folton.
861.6
3,681,6
166,0
Leather...
1,000,0
Bhoe<&
1,400,0 1,738,9 14,349,2 3,168,3
Corn Exchange...
6.290,6 1,210.3
603,0
1,000,0
Continental
14H.8
400,4
1,997,2
300,0
Oriental
6,648,2 34.184.0 6,297 J
Importers' & Trad'rs 1,600,0
f ftTK «•*•«*>>•••«••«• 2,000,0 3,208,2 46,881.0 12,966,0
281,1
149,9
1,444,7
260,0
JEastBlver
Ponrth............... 3,000.0 2,046.1 24,303,6 6.632,6
10,623,0 3,144,0
485,7
Central. ...•• .,..... 1,000,0
736,Ji
7,771.0 1.734,0
300,0
Second
494,0
3,111,6
166,6
760,0
Ninth
......
600,0 7,707,6 37,679,8 12,362.8
Plrat
2.284,0
227,0
63,7
N.Y.Nat'lExch'ge.
300,0
412,8
664,4
3.236,0
260,0
Bowerr
New York Oonnty.. 200,0 407,3 8,338.6 612,0
693,1
306,6
3,631,8
760,0
Serman American..
1,000,0 1,412,6 36.937,9 8,408,9
Qhaae.
1,176,0
8,283,5 2,064,0
100.0
Pttth Ayenue
661,2
266.7
2,426,8
200,0
0erman Exchange..
2,990,2
674.8
767,2
200,0
Sermanla
788,7
9,378,7 2,161.6
300,0
lalncoln
920,6
6,151,0 1.297,1
200,0
Oarfleld
829,2
2.216,3
631,4
200,0
Pitth
874,1
6,688,7 1.221.0
800,0
Bank of the Metrop
880,2
2,666,0
359,0
200,0
WestSlde
623,6 10,363,0 2.377,0
600,0
Beahoard
1,086.8 33,12 1,8 9,378,0
2,100,0
Western
607,6
4.329,0
466,0
300,0
First Nat. B'klyn..
1,200,0 1,206,7 16,180,2 4,372,4
Nat. Union Bank..
407.2
4,171,
1.014.9
600,0
Iilher^
341.1
3,726,8
098,8
N. Y. Prod. Exch'ge 1,000,0
2R0.(
3,649.4
344,9
834,6
Amsterdao
Bk.ot N.
163.0
3,738.^
741,3
360.0
Astor
1,626,0
1.345.1
817,0
2,069,7
220.0
4,202,8
2,362,8
469,9
684,4
97,7
184,0
270,7
282,3
266,2
330,3
2,^73.0
3.624,2
—
160
806 6
363,0
736,7
800,4
273.6
743,7
2,70 1,6
6a2,0
111.1
314,1
663.7
338,7
Imng
1719636
Total.
t
June
1,240.0
363.1
323.1
1,444,0
2,399.0
133,S
1.637.2
910
391,0
386.0
1.114,2
617,6
464,3
306,0
230.«
4,786.4
602.9
473,4
361.4
606,4
416,9
109.0
321,9
396,0
978,0
1,264,8
901,0
464.6
298.3
366,8
161,7
211.4
17.438.1
12,282,0
26,624,1
4,738,0
107,172,6
26,751,6
6,765,0
7,062,6
1,311,8
2,037,0
1,062.0
3,620,S
4,185,0
3.613,5
21,599,0
21,S04,9
6,414,1
12,963,7
3,445,0
24,390.4
6,464,6
2,745,6
13.888,9
49,638,3
4,624,0
3,151,4
2.936.0
7,317,1
4,354.6
16.469,7
6,340,0
1.920.0
24,713.0
66,917,0
1,427.2
26,82 J,l
14,141,0
8,863.0
3,330.0
43,281,9
2,697,9
8,603,0
3,866,0
3.682,6
47,60 J, S
9,641,1
8,104,5
4,461,5
10,864,6
7,241,7
2,444,2
6,234,3
2,938,0
12,716.0
40,64 ,2
4,821,0
18,063,0
6,289,4
3,430.1
3,974
4,000,0
64,911,4
24, 1899.
Reports of Non-Member Banks.—The following is the
statement of condition of the non-member banks for the
week ending Aug. 12, based on averages of the daily results
We omit tu>o ciphers fOO) in all cases.
Loansik
BANE'S.
Oapt-
8ur-
invent.-
(OOi omitted.)
toJ.
pliM.
ments.
S
«
«
100,0
300,0
100,0
100,0
200,0
200,0
600,0
100,0
250,0
200,0
100,0
100,0
100,0
100,0
200,0
100,0
200,0
100,0
86,6
207,3
124,2
67,1
19,6
97,6
230,3
87,8
87,6
117,8
32,9
130,7
107,3
134,4
112,4
64,7
311,5
160,3
971.6
2,147,0
1.350,0
26,9
86.0
1,123,0
18,8
121,7
132,3
163.8
37,3
67,2
60,3
428,6
406,2
197,4
660,0
644,9
107,0
121,4
62,6
70,7
2l«,3
66,0
1,164,3
1,369,3
1,223.9
37,7
24,6
63,6
313.7
692,4
777,1
4.8
Niw YoBK
Notu.
Columbia
Kleyentb Ward,...
Street.
Hamilton
Hide A Leath. Nat.
Home
Meant Morris
Mutual
Nineteenth Ward.
Flasa
Riverside
State
Twelfth Ward
Twenty-third W'd.
TTnion Square
Yorkvllle
LOMfU.
Brooklyn.
Broadway
Brooklyn
Eighth Ward...,
Avenne
Kings County...
Mann'act'rs'^Nari
Mechanics
<fc
Sp«««.
S
*
1736638
1694124
1666748
1719636
$
frTV".*
July 32.. 136,306,3 767,843,6
" 39. 136,306,3 760,609,1
Ang
136,306,3 763.080,6
6.
••
13, 136,306,3 746,685,3
Aug.
9
67.132,8
66,934.4
66,011,6
64,911.4
12.
Phlla.<
July 39.. 36,388,0 148,864.0
Aug. 6
••
47,684,0
47,344.0
86.388.0 149.087,0
.
Wt
*
$
443
OUar'Q Other
DeAgent. BksJte votity
736,1
t
9
62
109,8
207,0
373,9
196,2
70,0
62,1
90,4
38.6
93,0
6,2
14,3
60,0
76,0
137,4 249.0 110,4
687,4
61,6
40,9
74,8
1,896,6
60,8 107,7 110 9
1,172,0
27,6 114.3 174.2
872,6
37,6 130,3 160,1
1.893,0
80,0
79,0 221,0
864,9
46,2
77.9
18,9
140.0
71,0
70
2,186
1,123,3
18,6 136,2 140 7
9i7,7
39,7
81,6
8S.1
2.490,7
60,8 204,2 203,5
1,636,3 108,8
94,7
88,4
1,281,0
2.400,0
TradT's'
Nassau National..
National City
North Side
People's.
Bohermerhom
Seventeenth Ward
160,0
100,0
300,0
100,0
100,0
160,0
362,0
600,0
100,0
300,0
300,0
100,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
Bpragne National.
•Twenty-alxth W'd.
66,1
Union
37.4
Wallabont
BoR. OF Queens.
QueessOo. (L.I.C.) 100,0 164,6
Borough or
HICH.MOND.
3,803,0
2,689,0
678,0
896,9
663,9
31,1
4»,8
205.8
164,4
27,7
146,0
160,0
16,6
34,0
24,7
470,4
7,3
1,133.3
97,6
11,3
9,3
2.281.0
3.030,7
894,2
i
$
'6,0
63,0
7
63,0
183.9
125,3
162,0
81,9
70,1
36,0
1,042,7
2,113,0
1,687,8
1,330,0
676.1
1,357,0
1,823,0
637,9
2,227,2
1,366,9
1,316,3
2,031,0
866,3
2,514,0
l,b56,3
1,136.6
2,750,2
1,614.7
249,3
138,6
48,1
106,3
194,1
147,7
59,9
69,6
96,9
691.3
100,0
3'2,'2
18,3
37,4
1,320,5
1,493,8
1,213,9
332,9
571,0
792.4
7,0
37.6
24,0
34,4
6.0
23,0
10,4
42,3
60,0
149,4
908.1
4,006,0
3,111,0
616,2
923,3
573,9
413,4
1,126,0
681,3
304.7
677,8
1,081,0
113,2
166,6
626,0
117,6
467,8
664,6
16,4
19.7
19.6
28,0
67,'4
60,4
4,1
23,6
1.2
100,7
143,8
959,5
153.3
320,9
105,6
97,7
67,0
646,6
686,6
838,1
38,1
72,3
370,4
36,1
6,374.0
l,a2l.8
1,166,7
869,3
1.741,8
862,6
2,706,6 4.021,7 S,ieo,3 2,030,6 60.022.0
Totals Ang. 12. 7,S62 c
t>3.3<)7.' 2,7l8,g\3 ,70S,2 7,o33,S'3,e'()<$V>S^So.s
Totals Aug. 6.. 7,S62.o
Total July 29 so4t.q S,2S0.7 bs.yoS.b a,Stb 3050,0 7,120,1:2.824-5^68,124 J
.
5,610.0
5,636.0
6,671 .0
83,814,8
86,807,9
82,061.9
—The
and
1898.
STOCK EXCHAXOE CLEARING HOUSE TRANSACTIONS.
— Shares, both sides. —
1
Cleared. Total Value.
SOS-
January.. 2R,989.000
February. 28,143,100
2.064.200,000
2,245.100,000
33,5«2,700 2,692.800,000
20.241,100 I,rt91,fl00.0(0
30,190.100 2,451,100,000
32,3fl5,?00 2,502,400,000
15,731,900 1,273,500,000
March
April
May
June
July
7
mos
186,223 100 14,921.000,000
Sheets
—Balances, one side.-Shares. Value Shares. Cash. Cleared,
.
%
1.8P5,n00
2.302,900
3.562,600
2.330,800
2,468.800
2.eP8,000
1,430,900
6.653
7.881
6,730
7,13t
7,711
6,362
22,624,700 1,688.200,000 16,670.000
49,441
225,300,000
272,000.000
240,700.000
147.800,000
2f3.H00,000
885,900,000
153.200,000
3,211.700
3,752.900
3.587,000
2.07. .000
3.73«,400
4,142,«00
2,126,9u0
fl,«70
1899January.
75.000,300
February. 50,286,900
March
.
52.679,100
48,8* .SOO
44,720,400
33.65 '.320
.
April
26,423,>«00
.
May
.
June
July
6.413.800,000
4.114,700,000
4,926,700,000
4,487,121,000
4,211,010,000
3,242,100,000
2,448,500,000
7 mos.... 331,494.140 38,84 i,m,ooo
.
^Shares, both
761.100,000
568,100,000
681,200,000
618.700,000
637.900,000
436.700,000
336,100,000
10.629,800
7,149,200
8,330
6.860
8,323
7,720
7,979
7,948
6,526,000
5,994,700
7.057,000
6,478,«00
7,0.6,300
8.818,700
2,860,700
6,ti33
46,992,500 8,929,800,000 39,286,000
53.788
7,
568, POO
«,930,800
6,193,500
4,678,200
3,912,400
sides.—..
Cleared. Total Value.
Sheets
Balance, one side.
Shares. Value Shares. Cash. Cleared
.
1899.
Aug.
$
149,600,000
8. 1,005,600
92,700,000
9..
704,400 63,200,000
10.,
942,000 84,100,000
11. l,<-'43,000
88,300,000
7...1.690,100
Tot. wk. 5,385,10)
Wkl'tyr 9,066,600
Aug. 14. .1,225,700
" 15. .1,071,300
" 16.-1,734,800
" 17. .1,747,600
••
18. .1,873,200
477,900,000 814,100
674,700,000 1 ,239 300
103,300,000 183,100
91,400,000 173,100
153,900,000 246,100
148,000,000 203,300
156,100.000
256,200
"
"
370
350
319
331
341
20.500,000 164,500
13,500,000 82,200
9,500,000 61,300
11,300,000 74,100
13,600,000 67,000
239,100
156,600
115,800
135,100
167,500
"
449,100 1.711
613,800 1,841
357
106,200
350
78,700
374
250,800
376
166,900
372
237,200
68,400,000
90,600,000
14,600,000
15,500,000
21,900,000
18,500,000
21,800,000
Tot.wk. 7,652,600 652,700,000 1,066,800 72,300,000 839,800 1,829
Wkla8tyrll669400 867.300.000 1,616,000 108800.000 1031300 1,878
—
Auction Sales. Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. Adrian H. MuUer Son
:
Shnres.
Shares.
226I4
10 Home Ins. Co
12 Hanover Nat. Bank
755
20 City Trust Co
385 to SSSM
14 Bond & Mort. Guar. Co. 3O6I4
80 Nat Broadway Bank
247^8
120 International Banking &
Trust Co
160 to 1611a
3 > State Trust Co
42514
100 U.S Trust Co
162078
25 Farmers' Loan & Tr. Co. 1435
5 Continental Trust Co ...37512
12 N. Y. Life Ins. & Tr. Co.. 1500
igi^a
50 Fourth Nat. Bank
20 Title Guar. & Trust Co... 406
45 Trust Co. of Amer.. .291-29413
Bonds
$1,000 New Amsterdam Gas
Co.
&J
Spencer
2T
ic
29
consol.
lOl&int.
^itiaucial.
Trask &
BANKERS.
PINE STREET,
1948, J.
58,
$29,000 Atlantic & Pacifio
RR. ino. (West Div.) tr. rec. lifl
$26,000 Pecos Val. & Northeast. Ry. 1st 5s, 1948, J&J. 8214
$613 32 Span. Indem. scrip 30
ganMug and
-
.
Co.,
NEW YORK.
-
-
Transact a general banking business, act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies.
Execute
commission orders and deal in
INVESTMENT SECURITIES
Members
Branch
N. Y. Stock Exchange.
OBOROE Babclat Moffat.
Office. «i State St.
Wh t
BANKERS
1
Albany
Alexander M. White, Jb.
Moffat
No.
222,6
76,8
6S,9
29,6
116.9
51,6
4.944,0 133,776,3
6,000,0 126.608,8
6,079.0 120,060,7
and PhlladelDhlathe Item "due to other banks.'
to July, inclusive, in 1899
2,766,8
602,2
346,9
663,1
10298695
903,780,6
Stock Exchange Clearing House Transactions.
3239,0
98.7
35,0
164,0
234,0
287,0
65,9
980,471.9
876.946.1
subjoined statement includes the transactions of the Stock
Exchange Clearing-House from Aug. 7 down to and
including Friday, August 18; also the aggregate for January
2,799.7
193 7
68,9
691,0
285,0
46,9
42,0
66,6
67,9
300,0
96,7
39,7
69,7
26,0 60,4
l8tNat.,8tatenl8l. 100,0 7b, 6
Othxr Cities.
IstNat., Jer. City. 400,0 738,3 4,590,7
Hud. Co. Nat. J. C. 260,0 6:-i4,3 2,172,0
Id Wat., Jer. City 260,0 ^86 6 1.368,4
890,6
8d Nat., Jer. City.. 200,0 2(j8,9 1,764.3
Ist Nat., Hoboken 110,0 433.6
883 1
126,0
86,8
SdNat., Hobokeu,
Bankof Statenlsl.
64,2
97,2
43,4
39,4
»4.6
31,2
13,603,4
13,675.8
13.765.8
13,902,7
177,067,0
176,561,0
176,477.0
36,'?88.0 14M.640.0
47.949.0
omti two cipheri in all itiese flgv/re$.
13..
* Inolndlnn for Boston
t
874.882,0
862,143.7
849,903,2
849,918.6
7,817,0 241,661.0
7.419,0 238,335,0
7.236.0 237,066,0
68,687,3 310,192,0 20,070.0
68,687,3 207,808,0 19,112,0
6.
"
D«9o$iU.f Oirtl'n, CUaHnni.
-—
Bas.*
July 29.. 68,687,3 209,699,0 20,826,0
Borough op
Bedford
Mech'8'
<k
&
Oolenlal
Fifth
t
DepoBit. Vfith
City.
Borough of
Manhattan.
Ponrteenth
Oansevoort
Sptcie.
Uc.l
AH'k
japna
bavk*.
&
i
e,
NEW VORH
INVESTMENT SECURITIES
NASSAU STREET,
36
-
.
.
.
NASSAU STREET, NEW YORK.
FISK
& ROBINSON
BANKERS
INVESTMENT SECURITIES.
UARVBY HOWARD
FISK.
GEORGE
Member
H. ROBINSON,
N. T. Stock Exchange.
—
August
.
.
:
:
THE CHRONICLE.
19, 1899.]
PanTuers^
DI
35c.
^ia^jette.
369
per $1,000 discount; St. Louis, 25c. per $1,003 discount;
San Francisco. 10c. per $100 premium.
United States Bonds. Sales of Government bonds at the
Board include $2.<^00 4s, coup., 1925. at 1301^^ $500 4s, reg.,
$5,000 3s, coup., at 108J<(aiu83^ $700 ditto
1907. at 112%
(small bonds) at 108i^, and $10,000 5s, reg., at lll)^. The
following are daily closing quotations for yearltj ranje see
—
VIDSNDS
;
Per
Cent.
Name of Company
When
Payable.
Books closed.
{Days inclusive.)
Railroads (Steam).
Atlantic
&
Canadian
"
&
1
Paoiflo, common
"
prel
2
2
1
3
Bound Brook, guar,
Sept.
Oct.
Oct.
Oct.
Sept.
Sept.
lifl
2
(qu.)
Iowa
Central, pref
Pittsburg Junction, common
Southern, pref
West Va. Cent. & Pittiburg^....
lifi
2
I
I
—
Sept. 9
Sept. 2
25 Sept. 27
1 Aug. 20
to
to
to
to
to
seventh page follovring.
Oct.
2
Oct.
2
Oct. 24
Sept. 7
15 Aug. 19 to Aug. 27
— to
Aug. 21
1 Aug. 22 to Sept. 10
Sept.
1 A.ug. 25 to Aug. :n
Sept.
4 Sept. 12 to Sept. 2 L
Oct.
to
Oct.
7
—
Street Rall^vays.
Third Ave., N. Y. (quar.)
W
iniHcellaneoas.
American Co^l
4
"
" (extra)
Laclede Gas Light, common
National Biscuit, com (quar.)...
"
"
pref. (quar.)..
Aug.
Sept.
1
31 A.ug. 23 to Aug. 31
1
Aug. 22 to Sept.
1
15 Sent. 1 to Sept. 15
Oct 15 Oct. 6 to Oct. 15
Aug. .SI Aug. 22 to Aug. 31
Sept. l=i Aug. 25 to Sept. 15
Sept. 20 Aug. ^0 to i«pot. 21
Sept.
1
1%
1%
National Lead, pref. (quar.).
8t.
1'^
Joseph (Mo.) Gas
WALL. STREET. FRIDAY. AUG. 18, 1899.-5 P. M.
The Money Market and Financial Situation. Such fluc-
—
tuations as occurred in the security markets dtiring the
early part of the week were generally regarded as of very
little significance, but with the money market rapidly
approaching normal conditions, interest in Stock Exchange
transactions has increased as the week draws to a close.
The trading on Thursday and to-day was more substantial
in character than for some time past, due largely to the
fact tbat money is now easier than it has been since the
This condition, it is generally thought, is
first of July.
likely to continue, especially as the European markets are
also easier. Otherwise the general situation remains pracInvestors
tically imchanged and is decidedly hopeful.
generally have little or no uneasiness in regard to values,
and the tendency at the moment is towards even higher
prices than have recently prevailed.
Political affairs in France are becoming more acute and
the indications are that almost anything is likely to happen
there, but this fact has been well understood for some time
past, and any possible change there, it is thought, would
have little effect in Wall Street. The foreign exchange
market is without new significance. As mentioned above,
the money market is decidedly easier and rates are lower
than at any time since June.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2 to 3 per cent. To-day's rates on call were 21^ to 2%
per cent. Prime commercial paper quoted 4i^ to 5 per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £67^^,939, and the percentage
of reserve to liabilities was 46*34, against 44-78 last week: the
discount rate remains unchanged at 3)^ per cent. The Bank
of France shows an increase of 2,675,Ulid francs in gold and
a decrease of
The
ment
2, .550, 000
Interest
Periods.
2b,
3s,
New York
City Clearing-House banks, in their stateof Aug. 12, showed an increase in the reserve held of
$6,288,600 and a surplus over the required reserve of $14.395.875. against $-^,110,600 the previous week
Differ en' Mfr'm
Prev. week.
1898
Aug. 13.
9
9
9
58,922,700
Surplus
77,382,600
Loans & disc'nts. 746.685,300
13.902.700
Circulation
Net deposit*
849,918,500
Specie
171,963,600
L«gal tenders ... 54,911,400
226,875,000
Reserve held
Legal reserve
212,479,625
59,022,700 69,022.700
75,292,300 74,363,900
Deo'6",395,200 659,411.200 555,170,800
Inc. 146,900 14.231,100 13,185,500
Inc.
15,300 760.754,600 630,589.900
Inc. 6,388,800 166224,400 92,612,300
Deo. 100,200 57,076,100 103.917,900
Ino .6,588,630 223,303,500 196,530,200
Inc
3,825 190,188,650 157,647,475
Aug.
14.
15.
Aug.
16
Aug.
Aug.
17.
18.
coup. Q.-Feb.
108W'1081«
108^ 108\'*108>a
I
*108 *108 '108
108 iQ '108
'11254hll2 'II213 ni2i-2 '11218
ni3 '113 *11338 •113 l*113 1*113
*130 1*130 *130i4] '13014 '1301*
ooup.lQ.-Feb. '129^ '130 *130
48,1925
l.^OH *'3J»,*130i4
reg.iQ.-Feb. 11138 llli2*llli< * 111 i2*1115f 1*11109
58.1904
ooup.iQ.-Feb. ail38i*1111.2l*llll3 *nn3imisj.|*iiis8
58,1904
'This Is the Drloe bid at the morning board no sale was made.
;
Coins. —Following are the current quotations in gold for
coins and bullion:
Fine Silver bars.. — 60i4» — 60i«
Sovereigns
f4 85 -©$4 88
—93 ® — 96
Fivefranos
Napoleons
3 85 a 3 89
Mexican dollars.. — 48 •» — 49i«
X X Reichmarks. 4 73 ^ 4 80
— 42%®— 43ii
Peruvian sols
25 Pesetas
4 78 « 4 83
English sUver... 4 83 -9 4 88
Span. Doubloons. 15 50 -315 60
Mex. Doubloons. 15 50 al5 60
U.S. trade dollars —60
70
Fine gold bars. .. par'»i4Prem.
®—
—
State and Railroad Bonds No sales of State bonds have
been reported at the Board this week. The volume of business in railroad bonds has been larger this week than for some
time past, owing to unusually heavy transactions in a few
The tone of the market was strong, and an advance
more is noted in several cases. Kansas City
Pittsburg & Gulf firsts were by far the most active. They
sold on Tuesday ^^^ points above last week's closing price,
subsequently losing about half the gain. The transactions
issues.
of a point or
Southern Pacific collateral trust 4s. when issued, also
aggregate a large amount. Missouri Kansas & Texas issues
were especially strong features. The 2ds advanced nearly
2 points and the extension 5s 7 points
Northern Pacifies
were also strong. In addition to the above the active List
includes Colorado & Southern. Baltimore & Ohio. &c.
Stock and Bond Sales.—The following shows the volume
of business in stocks and bonds on the New York Stock Exchange for the past week and since Jan. 1
in
—Week end. Aug. IS.^
Sales at
K. Y. Stock Kxch.
$18,200
State bonds
RR. and misc. bonds
14615.000
Total
14.633.200
3.109.668
$296,749,700
Stocks— NO. shares
Par value
Bank
shares, par value
We add the
Weekending
Aug
18, 1899.
Saturday
''
uesd.>ty
Wednesday
Tbursday
Friday
Total
sales
$1,682,600
394.000
17.307,000
1,687.800
623,143.600
$19,884,100
3,476,141
$338,935,500
$1,560
632,111.420
116,723.067
$11,301,537,700
$317,950
Stocks.
Shares.
Par
202,137
463,974
615.620
587,558
608.378
632.001
$19.322,0.'5O
$10,451,950
1.488,500
521,730.310
$533,670,760
65.093,206
$6,290,049,525
2.662,000
3.109.668
$125,710
TT.
S.
Bonds.
$11,500
2.8(52.000
s.'5d6
59.2:?8.200
61.:}49.&50
2.215.500
1.880.500
4,272.500
$296,749,700
$14,615,000
$18,200
2.700
500
on the Boston and Philadelphia Exchanges were:
1.5,fi(U
Monday
43.571
32.884
26.614
37.548
Friday
-«
$722.5lX)
43,811.000
57.133.750
55.895.050
Saturday
Thursday
$7.280.0->()
Railroad, <£c. State
Bondx.
Bonds.
.
value.
-Boston.
Unlisted
shades,
shares,
Wednesday
—
1898.
following record of the daily transactions
Listed
Tuesday
Tan. 1 lo Aug. 18.
1899.
189S.
1899.
Government bonds.
1897
Aug. 14.
$
Aug.
12.
3s. 1918, small, reg. Q.-Feb.
3 s, 19 1 8 , small. .o'p.lQ-Feb. *108
reg. Q.- Jan. ni2J4
4s, 1907
coup. IQ.- Jan.
48, 1907
reg.'Q.-Feb. *129?i
4s, 1925
The
1899.
Aug. 12.
Aug.
reg. Q. -Moh. '1001^ 'lOOia *100ia 'lOOifi •lOOH'lOOifl
reg. Q.-Feb. aOSJ4l*108m*108»s
'lOSi^i'lOSia
,
1918
38,1918
Monday
francs in silver.
Capital
;
:
Danville, pref
Chesapeake & Ohio
Chicago & Alton, pref
Chic. Burl. & Quincy (quar.)
Del.
:
Bond
1.5.790
sales.
$18,500
142,500
79.797
90.500
15.101
-Philadelphia.
Listed TTnlisied
Btnd
shares. shares
sales.
23,:^50
4.962
4.685
6.294
5,739
11,832
6.690
10.087
10.940
16.752
Total
—
38.685
54,762
47.381
38.877
33.276
$l:«.000
228.200
303.300
415,300
412,600
572,100
62.040
Telegram not received.
25.4'<2
238.463
2.069,500
Railroad and Miscellaneons Stocks. Steadily increasing
has developed this week in the stock market.
Largely in the hands of professional traders, it was most
Surplus reserve 14,395,375 Inc.6,284,778 33,111,850 38.882,725 conspicuous in the miscellaneous list until Thursday, when
commission-house buying was in evidence and there was
Note— Returns ol separate banks appear on page 363.
Foreign Exchange. The market for foreign exchange was manifestly a broader interest, especially in railway shares.
generally firm during the early part of the week, but Some of the low-priced grangers were strong features,
owing chiefly to money market conditions has become including Chicago Great Western and Minneapolis & St.
Louis issues, which advanced from 3 to 5 points. Some of
ea<»ier in tone.
the Southern and Southwestern stocks felt the influence
To-dav's actual rates of exchange were as follows: Bankof an increasing demand.
Nashville adLouisville &
ers" sixty days' sterling, 4 83(34 83}>|; demand. 4 86 a4 86^^:
vanced 5 points. Southern Pacific and Central Pacific
cables, 4 87(34 87J^; prime cammercial, sixty days, 4 821.2®
4 82^: documentary commercial, sixty days. 4 82@4 83^4; about 41^ points each, Tennessee Coal Iron & Railgrain for payment, 4 83@4 833^: cotton for payment, 4 82 way 9^ points, Southern preferred 2 points, Missouri
Kansas & Texas preferred 2).2 points and Denver &
(34 823:^': cotton for acceptance. 4 82]4@4: 82%.
Rio Grande preferred about 1 pofot. The active issues, inPosted rates of leading bankers follow:
cluding trunk line, granger, anthracite coal and some of the
Pacific stocks, have generally been strong, and changes are
August 18
Demana.
Sixty days.
for the most part to higher quotations. The local traction
Prime bankers' sterling bills on London.
4 8314
4 87 ®4 87»« stocks were weak.
Prime commercial
4 82i2 3>4 82%
On the other hand the miscellaneous list has been erratic.
Dooomentary oommeroial...
4 S2 94 8314
Paris bankers' (francs)
5 21^8^213, g 5 1938»18iiie Consolidated Ice broke 20 points on the sale of 400 shares,
AmeriAmaterdam (guilders) bankers
39''8a3yi6i«
40»«»40;».B but subsequently recovered to former quotations.
Trankfortor Bremen (relchmark8)b'ker8
94i8»94Sie
94i5i«®95
can Smelting & Refining advanced on the ending of the
The following were the rates of domestic exchange on strike. American Tobacco moved up over 10 points and
New York at the under-mentioned cities to-day: Savannah, Continental Tobacco nearlv 5 points, both losing a part of
buying 1-16 discount, selling 75c. per $1,000 premium: the gain later. American Sugar Refining fluctuated over a
Charleston, buying par, selling ig premium; New Orleans, range of about 8 points. Consolidated Gas and New York
bank, 50c. premium; commercial, 75c. discount; Chicago, Air Brake a range of 6 points.
.
—
I
I
interest
370
J)iew
THE CHRONICLK-STOCK
York Stock Exchansce— A Daily,
prices
•18
•18
•40
19
41«
20%
19
43
20%
81
63
•48
•72
72^
113?^ 115
•38«
•74M
21
6394
649i
489<
98M
54H
118M
B4H 54H
87% 88 H
136!^ 137%
66J6 56%
^^H
•97!^
•187
1871^
U%
149^
9854 1031^
72}^ 7491
37
S79i
•9
10J4
40
43
181
•18
41
19
42
20% 21
63% 64
•18
•41
2096
6396
19
42
21k
6494
18
•41
2196
•74M
97
88%
136%
187
14%
101
76
95%
9694
5394 55
117% 118k
9596
73^
37%
10
40
43
160H 161
161
198
160
}193
161
193
160% 160% 160%
pref. 139,352
& Pittsburg
30O
20
.
132!^
§160)^
Banta Fe.
Ealt,40hio,vot.tr.cei tf 8.
33
76
32
•74
•9696
5394
96
Buffalo Rooh.
Do
pref.
Canadian
198
'193
195
195
Central of New Jersey.
Cent.Pao., Bpeyer&Co.ctft
. .
Chesapeake & Ohio
Chicago Burl. & Qulnoy.
Chicago Consol. Traction
Chicago & Bast. Illinois.
.
Chicago Great Western.
Do 4 P.O. debentures
Do 6p.o.pref. " A"..
Do 4p.c. pref. "B"..
Ohio. Indlanap. <k Lonlsy.
pref.
<k St.
168
168
Chioago
&
Paul.
pref
North Western.
8
11
41
6
17>^
49*
•16
HH
•46H 47
•17
11
40% 40k
18
123M 183^
m^ —
{177>^ 1-7H
•5
6
•89
•84
•21
6%
9
11
3794
37
•6
20
20
21
5k
13
14
13%
37% 37
85
90
39%
•85
30
57
14
3794
40
89
32
60
•17
37
5%
13
14
37
•39% 40
86
86
•82% 24
•83
84
16796 167% 167% 166
167% 16794 168
167
12%
13%
84
•10% 15
14%
14
13%
14
•8%
5
•17
•81% 21%
•68
7496
18
21% 21%
•78
•78%....
201%
67
•801% 810
73
81
210
71
1096
13%
•3%
•17
•81
78
201%
•67
1(96
14
5
18
4%
111
67
5111
65
9696
•23
•63
12%
4%
4%
67%
96% 97
21%
81
210
71
"6'7%
4%
67
9696
24>t
66
13
5k
47
18
17
84%
167%
12
•10%
1-^%
13
5
12
•3%
•21
8O94
801%
67
18
•3%
•17%
21% 21
81
810
71
80
5
5k
13%
Dul. So. Shore
88
67
24
2694
89%
18% 13%
38% 409*
6594
4%
4%
496
"67%
97% 97k
6694
6694
2596
6996
13
389i
2696
699*
15
•65
15
4%
11494
1494
59
•10%
129*
6
87
70
18%
18
•8%
71
49*
496
•111
72% 76
66% 70
97%
96
98
67
1294
86
68
68
1294
1294
39
40
Mexican Nat'l tr.
Michigan Central
44%
47%
544%
4894
4694
46
•183% 184% 183% 183%
184
182% 184
138% 139% 138% 13894 138" 138% 138 13f'96
45
•183
138
•13
•65
•31
4894
45
14
49
4896
44% 45%
14
15
65
1494
1494
14%
65
31
184
13996
4
St.
Do
Minn.
St.
182
139%
514% 14k
139
Jan
9
9
6
58%Mar 17
35 Mar 23
Oct
17%Mar 2696De«
85%Mar 185%De«
140
Apr 166%Dee
37%Ang
47%Aug
77%Mar 97 Dee
ll%Mar 19%Jan
43 Nov 68%Sep
22%Jan
25 Mar
6%J'ne
14
7
Aug
6
83
May
694 Nov
4396N0V
1494N0V
14,246
19,620
200
10,260
1,165
17
Louis..
P.
7
31
794Jan 13
7
Mar
May
Mar
16
32
16
9
2
7196Dee
88%Dee
8%Dee
Apr 33
16% Jan 19
Apr
Apr
29%Apr
15% Apr
23 May
Jan 84
45%Aug
89%Aug
32%May
65 May
Jan
18
18
16
19
5
Mar 38
Mar 13
Jan 86
60
16kAug 18
S9%Aug 15
16 Mar 33
48,470
37,490
pref.
Paclflo
10
10
81
3894J'ne
1
Morris 4 Bssez
Central 4 Hudson..
N.Y. Chic. 4 St. Louis.
NY.
1,740
18
ll%Dee
42%Deo
Apr
5%Oct
15 Apr
8
8
Jan
May
18% J'ne
J'ne
34
81%J'ly 38
5
Aug
11
Jan 84
Aug
98kAug
37%May
71 May
18
18
18
19
14%Jan 30
4 2% Apr
53% Apr
3
4
3 4994Apr 17
3 5185 Jne '
3 14494Mar 89
J'ne 89 1994 Jan 23
5%J'ne
75
75
34
•65
75
84
75
84
•66
•31
75
84
4% J'ne 7%Deo
%Deo l«May
99%Mar 118 Deo
24
46
Mar
Mar
8894Deo
10
Apr
14%Jan
78%Deo
6%Mar 7 Mar
2894Mar 41 Jan
22 Mar 46%Deo
24 Nov 33%Fel>
|167%Jan {180 Deo
105 Mar 124%Dee
1196Mar 1596Jan
73 Feb 76 Jan
28 Mar 40kJan
5320 Jan 5362 Oct
. .
OUTSIDE SECURITIES
Railway.
dtreet
NBW rOKK
Ful F— Stock.
7s 1900. J4J
'th Ave Stock.
Bieeck St
1st
Bid.
Ask.
CITY.
4
mon
.
.
36
ira
230
38
1(14
240
P'way 4
—
lltmor Ss 1904... J4D 105 110
tdmor 5s 1914.... J4J 108 111
Con 5i 1943— S«« Stock Bxcbl ist.
B'waySnr
8d
1st 5sgu. 1924
sslnt as rental. 1905
113
105
— Stock
350
{120
C in Pk N 4 E Rlv— Stocii
Oonsol
1902
J4D
100
109
Central Crv)sstown
IttM 6* 1922
7i>
M4N
118
106
370
(Given at foot of
Street Rallirays.
D B B 4 Bat— Stock
1st gold 5s 1933... J4D
Scrip 5s 1915
F4A
— Stock...
Blghth Avenue
Scrip 6s 1914
43d 4 Gr St Fer— Stock..
43d St Man 4 St N Ave.
1
165
119
385
108
400
84
400
1(15
430
88
1
18
92
89
Lex Av4 Pav F 5s-Se< Stk Kxch
Metropolitan— Sm Stock Bxohl
1
ill
Ist.
145
116
108
ist.
Ist.
paq^3).S1REB2 RAILWAYS,
Street Rallwayo.
I
175
l8tmort6s 1910.. M4S 117%
3d Income 6s 1915. J&J
consboutivb
Ask.
Bid.
Chn8t'p'r4 10th 3t-8tock 170
Col4 9th Ave 58-See Stock Bxoh
Dry
7
—
—
Bid.
Ninth Avenue Stock
Second Avenue Stock.
1st mort 5s 1909.. M&N
Consol. 5s, 1948...F4A
170
203
109
119
803
Stock
Sixth A venue—
Sou Boulev 5s 1945.. J4J 4118
.
Ask.
180
820
110
122
320
114
So Fer Ist 5s 1919.. A40 {110% 113%
Third Avenue See Stock Bxohl ist.
116
38th 4 29th 8ts 1st 5s. '96 {114
Twenty-Third St^Stock. 390 400
J4J 106 108
Deb 6s 1906
Union Railway— Stock... 199 805
110
Dnlon By 1st 6s •42.F4A 114
.
Jan
Oct 83%Aug
Oct 83 Aog
17094Jan 215 Deo
40 Jan 59%Aug
44 Apr 65%Deo
90 Oct 120%Jan
125%Mar 19494Deo
12
53
1st pref.
Do
65 Mar 7 79 Jan 83
"a 50 29%May 34 41 Jan 33
2d pref.
Do
32
34% 84% 34
5360 Jan 35 5390 Mar 14
New York 4 Harlem
139%Jan 87 ll38%Marll 5120 Apr
N Y. Lack. 4 Western.
160 5198 Jan 19 5322 Apr 20 5178%Jan
•815 818 214 218
214 218
216 216 •314 818 •814 218 N. Y. New Haven 4 Hart.
17,477 1896 Jan 3 28%Mar 87
139iApr
86% 36% 8696 2696 86% 86% 36
26% 26
8696 87% N. Y. Ontario 4 Western.
8696
-11% Apr
16,798 1796Mar 17 8396 Aug 18
31% 81% 21% 22k 22 83
21% 82% 28% 2396 Norfolk 4 Western
8194 22
42%Mar
11,640 6196Jan 6 7296Aug 18
pref.
Do
78% 7296 x7l
72%
71
71
7196
7094 71%
71% 7296 72
19 Feb
7 65%Feb 16
Pao. Ry., vot. tr. ctfs. 81,235 4396Jan
Nor.
5896 53k
53
58% 52% 5294 53
53
6394 55
539*
6396
56%Mar
77 77k 77% 77% 7694 77
7,595 73 J'ne 1 81%Jan 86
pref.
Do
77% 78
76% 77
7694 77%
S6%Jan
145 88 J'ne 3 68 Jan 83
r.RB.4N.Co.vot.tr.cfg.
•45% 46% •45%
48 46 543% 48%
46
4894 4594 546
66%Mar
356 6894 J'ne 16 77 J'ly 6
•75
O' Do pref., vot. tr. ctfs.
•75
76
•73
574
74
75
75
76
76
8494J'ne
43 44 •43 44
1,740 38 May 11 51 Jan 86
48
42
44
44
4494 Paclflo Coast Co
41%
4494
86 89 •86 89 86 89 86 4394 85 88% 85 90
84%Apr 18 90 Feb 30 79 Dec
Do 1st pref
89
67 Nov
68 63 •63 63
918 68%J'ly 5 6794Feb 31
Do 2d pref
61% 62
63%
62% 62% 63
63% 68
27,175 132%Jan 5 143 Jan 33 11094Mar
l.S5^ 1369* 135
136% 187
186
136% 137
185% 18696 136 18694 Pennsylvania
88%Jan
83
"496 75k
73
76
76
76% 77% Plttsb. Cln. Chlo. 4 St. L. 28,670 43 May 11 88 Jan
7094 73
7£96
75% 77
57 Mar
pref.
7,625 80 Feb 10 100 Aug 17
89 90
Do
94
91
93
98
98
92
90
92
9294 100
15%Mar
7,069 1996May 13 26 Jan 84
88
22
23
•21% 32
22% Reading, voting tr. ctfs.
81% 22% 33
2196
2196 2194
36 Mar
25,570 5194Jan 7 68%Apr 4
1st pref., vot. tr ctfs.
62
60
6094 61%
60% 61% 60% 61
60% 60% 60% 61
17940ct
4,4581 26%Jan
7 38kMar 22
3294 3394
32% 38% 3394 3294 3294 83
S.Sk
33
32% 3394 2d pref., voting tr ctfs..
Bid acd asked prices; no sales on this day. 5Less than 100 shares, t Ex dlv. ard rights. * Before payment of assmt. 1 All assessts paid.
75
35
Deo
85%Deo
15
30
38 Jan
100 176 Jan
17,669 iai94Jan
1,730
Apr 11696Dea
7kMar
26
5
13 116
6 76
30%May
96
1
J'ly
41,669 97 Jan 4 13396Apr 3
13,982 18794 Jan 11 269 Mar 38
6,440 13k Aug 14 14%J'ly 81
300 13%Aagl3 16%J'ne 14
44%May 5 58 J'ne 6
13,165
17%Apr 27
6 Jan
24
40 Jan 78%Dee
10 Mar I894N0T
36 Aug 49 Not
15 Nov 38 Mar
10 May l7%Dee
tl28 J'ly 180 J'ne
7%Deo
3%J'ly
5%Feb
18
5 308 Jan 84
5 85 Apr 4
6 81%Au<? 19
7
4396Feb
3l96Feb
4l96Dee
6
33%Jan 37
6
l6%Feb
Jan
18
9
Jan 16
4,586
1
Jan
35 113 Jan
11,380 35%Jan
3.450 73%Jan
1,526
894Jan
2,622 39 Feb
6,300 1194May
SHAng
5
11
Apr 87
Jan 85
196%Jan
56%Jan
61*. 470
63 Mar
Feb
8l%Deo
896Au«
33 Jan 85
1494J'ne
Oct 159
8%Apr
9
lOkMar
42%May
Nov ll4%Feb
9
8%Aug
89
J'ly
Dee
8
83%Jan
25
30
195
Feb
9
8094Dee
396Deo
6094Dea
80 Dee
J'ne
Apr
Apr
9,901 64%May 13 63%Ang18
4,428 110 J'ne 1 122 Jan 23
Moblle4 Ohio
46
184
Jan
Jan
143kJan
600
rects...
Do
8
Mar 88
3
2d pref.
40k
48% 49% Missouri
1494
1,670
3,32*6
200
Do
8994
48
39% 40%
47% 4896
13
14
14
200
pref
Island.
Minneapolis
98k
•24
6896
41
4894
38%
36
70
17
Keokuk 4 Des Moines
4 S. 8. Marie.
pref.
12% 12% Mo. Kansas 4 Texaa
•24% 27
18%
38
43
45
pref.
80% 80% 81k LoulsvUle 4 Nashville....
116% 116% 117 Manhattan Blev.,con80l
etropoUtan Street
806k 204% 30794
rights
Do
•15
15% Met. West Side Bl. (Cblc.)
16%
•56
Do
58
pref.
58
15% 15% 15k Mexican Central.
49*
11
43%Jan
Michigan...
an. City Pitts. 4 Gulf.
Long
9
23%Jan
8%Jan
28%Jan 30
.
73
10
14
. .
67
37
48
1,384
Kanawha 4
31
56%Mar
63%Apr
16%May
Illinois Ceulral.
owa Central.
c
Keokuk 4 Western.
1
794Jan 30
e'.iso
pref.
Do
18
176kAug
13%J'ne 33
33%J'ne 81
.
Do
1
Apr
DM
68%De«
79kDe«
35 Mar 78%Deo
35 Mar 84 Sep
68 May 76%8ep
73 Apr 90%Jan
44%Mar 68 De*
83kOct 99 Deo
88
166 Mar 89 llSkMar 143%De«
800 J'ne 37 163 Jan 191%N0T
i82%Jan 87 80 Mar 114%De«
114 Aug 5
65 Mar 94 Dee
183 J'ne 29 1148 Jan 170 Not
25%Mar 2
4%Jan
996Mar
800
31% Lake Brie 4 Western.
Do
pref.
80% 80k
301% 810 Lake Sh. 4 Mich. South.
•111
25
66
13
18
18
116k
15k
59k
5294
Feb
79%May 1 49 Apr 66 J'ne
126 Aug 2 108 Jan 113%Feb
8094Jan 33
9%Feb 18 Aug
103ky»ug 18 71kJ'ly 85 Dea
78%Aug 14 28 Mar 64 Dee
3996 Aug 17
80 Apr 32 Not
12%Apr 85
7 Feb 11 J'ly
49 Apr 17
23 Apr 88%J'ly
13396Aog 18 83kApr 18094De«
800
8,087
Do
pref.
W. 4 Den C, stamped
Worth & Rio Grande.
Do
6
14
ISkJ'ne
8
•24
85 Ft.
16896 168k (^ reat Northern, pref ...
^r'nB.&W.,debt cf8."B"
85% "869* TTocklng Valley
12
81
300
Atl
.
61% 63k
Feb
4kJ'ly 18
4194J'nel6
16 J'ne 2
Flint & Pere Marquette..
61%
114%
14%
58%
Feb 23
61%Apr 13
79%Jan 87
137 Apr 15
8,166 106%Jan
3 13594Apr 30
93
1,76 167 Jan
7 181
Aug 3 140
3,740 18kJan 7 2096Apr 37
10
10,373 68%Jan 11 80 Apr 87
40
389*
42
89
25
31%
&
4
15% J'ly
1.32!4
Do
pref
13% Erla
Do
1st pref
Do
2d pref.
45k Bvansv. & Terre Haute
Do
pref
89k
1394
•1396
8494
16794
201
§201
1,175
8,785
1,8C0
pref. vot. tr. ctfs.
Col. i Sou., listed May 24
Do
1st pref.
do
.
5k
13%
3
May
7
450
pref
227/6Mar
31 Oct
67
10 10394Jan 36
9 J'ly 6 1694Jan 26
83 46 Apr 26
87kJ'ne
Wheeling.
Do
3d pref. do
124k Delaware & Hudson
184
41k
88k
10%
17%
&
el. Lack. & Western.
176k J17896 1759*
31% 82
22k Denver & Rlo-Orande., ...
76
769*
Do
pref.
76%
81
Des Moines & Ft. Dodge.
20k 30
40
66
75% 7596 76
75% 76% 76
7796
8
117% 118% 117% 118% 115% 117% 11596116k 11694
809 809H 307 309k 206% 308
8OI94 805% 304
13% 1396 13k 18H
•15
13% 15
15% 15
15% 15
15% •15
•55
58
55% 57% 56 58 66 58 •66
16% 15% 1594 16
15% 15% 18% 159* 15%
496
5%
547
18
123
536%
25
•10% 15
Do
Do
18k
5k
46k
14
3694
85
21% 25
524
84% 84% 34
B0% 60% 60% 61
60% 61% 6096 60% 61
•ll4 115
114% 114% 1149*11496 114% 114% 114%
13
13
13
13
13% 15% 14
1494
14%
§54% 54% 54
55
65
57% 68
59k
57%
25
Cler. Lorain
40%reb
19%De«
7
42%Jan
94
16
10%Apr
24%Feb 23
30%Mar 34 35 Feb 4
69 May 9 78 Jan 14
8496Mar 15 99%May 31
50%Jne 3 70 Jan 33
100
Apr
Jan
9
7794Jan
Colorado Mid., vot.tr. ctf 8.
46% 46
18
17%
129% 128
176% 176%
31%
2196
76k 767%
20k
•4%
5% •494
•18%
•13%
II
41
•6
18%
•9
•89
11
41
Ft.
21
25
9
81
694
17k
•39% 40
40
90
11
41
18%
18% 19
5
596
5% 5%
5%
47
46
47
47k
47k
18
18% 18k 517%
123%
133k 124 1123 123
176
176
176
176% 177
8196
21k 22M 217^ 33
75% 6% 7696 76k 7594
17
21H
75%
•20
80H 20
•4«
S« •4%
•12>i 13H •13%
18« 139i •13k
37
37
87%
•8094
•9
•39
•5
J'ly 19
11
84
43%J'ne 88
67%J'ne31
2,8 1 ^
. .
•8
*3'!H
•5
18
43%May 38
84,270
11,8S1
5,360
6,096
.
•41
43
Do
132% 1339* Chioago MUw.
175%
Do
1639*
I
8
5994Jan
11294Jan
13 J'ne
8896Ja&
509iJan
28 J'ne 22
860
794Jan 6
4
81 Jan
64,915 120%Jan 8
880 166kJan 3
3,678 141kJan
4
1,930 188 Jan 19
25,735 107%May 18
820 91 Feb 8
170 Jan 16
9,106
7%Jan 7
3,406 36%Jan
3
pref
'174
Apr 39
400
.
Do
198
198
Lowest. Highest,
1,000
1,430
3,580 97 Jan
3 12394Apr 22
45,410 t4594May 9 115994 .\ug 18
26,888 3S94May 81 31MFeb 2
51,082 124%Jan 7 149kFeb 18
1,875 55 Aug 18 6896Apr 99
Paotflo
anada Southern
195% 198
Do
pref.
118>^U9M 118% 119k 117% 118% 117% 1189* 118% 11896 118% 1199* Chicago Rook Isl. & Pao.
•112 114
118 113
•110
110
111
114 110994 10994 112 118 Chic. St. P. Minn. & Om..
176 185
•170 185
170 186 •170 185 •170 185
Do
175 185
pref.
•14
14% 1494 Chlo. Terminal Transfer.
13« 14^ 15
18
14% 15% 1494 14
15k
45
45
46
46
Do
48
46
47
47% 45% 46% 44
pref.
46k
5796 58
Cley. Cln. Chic. & St L.
58
579^ 6796
5896 J5796 5796
57% 57k 57
5794
•98% 99
Do
•98% 99k
99
99% 99% 99% •98% 99%
pref.
•193
Highest,
86 May
17 May
6096Jan
32,250
23,918
223,598
33
41
41
•41% 43
43
43
131% 131% 131% 132k
13196132k 131% 1311
I174^174ji '173!^ 174k •173% 174k S174 174
17394 17394
&
Do
pref
10994 1119* BrooWyn Rapid Transit.
53
118
63
Lowest.
14
Do
65% 66k
68% 54
7394 74%
573%
Bange for year 1899.
Bangefor prewtF
On basis ofioo-sh're lots ous year fl89B),
pref.
225* Atoh. Topeka
73k
96
54%
53% 5394
'117
118
117% I18k 118 118%
57
55
6896
5496 5596
64k
58k 58% &;>**
289<
27% 289* 28% 28k 28% 2894
2794 28k
1367^ 1869*1379* xl36kl37k
136
137k 136% 137
55
56
56k
56%
66k 65% 56
77% 77k
76% 78
77
77
77k 77
127
•127
•127 137%
127k
la7k
187%
15% 1594
1594
15% 157^ 15% 1694
1696 159*
loan 101k 101k 101 101% 97
98k 96% 97
76% 77k
78k 7596 76k 76% 769* 7594 76
39
37% 377^ 3794 3896 38% 399* 38
3894
•9
10
994
10
9% 99*
9% 994
98
J53% 58%
117H
54H
83
•32
•74
74%
Ann Ajbor
Do
19
42
23
21%
64% 65k
of the
Week.
Shares
Railroad Stocks.
18
41
19
43
48
•32%
Sales
STOCKS.
W.Y. STOCK EXCH.
Friday,
Aug. IS.
Wednesday Thursday,
Aug. 16. Aug. 17.
48%
49% 50
53H
72% 72H i72
72% 73
73k 72% 74k
110% 112%
113M 114% 108% 113% 108% 111
48
*32>4
•64
1171^
Tuesday,
Aug. 15.
^vol. LXIX.
1.
Weekly and Yearly Record.
STOOKa—HIGHEST AyD LOWEST SALE PRICES.
Saturday, Monday.
Aug. 12. Aug. 14
Page
(2 pages)
Street Rallwaya.
5128 Not
801 Dee
19%Dee
1996Dee
68%Deo
44%Dee
79%S«B
ei%Ae«
78 Not
48%Bep
91
J'ne
69
Bep
ia3%Dee
63%De«
84%Dec
a896Jaa
6496De
89 Ja
(6c.
Bid.
Westchest Ist 5s '43. J4J {110
.
Ask.
114
BROOKLYN.
58..A40
A40
Con 5s g 1931
J4J
Impt 5s g 1934
B. B. 4W.B. 58 1933. A40
Brooklyn City— Stock
J4J
Consol 58 1941
{107
115
118
100
95
101
•••<
34&
346
117
BklynCro8stn58l908.J4J 105
BklnHgtslsl 68 1941 A40 104
i'kyn Q Co.4 Sub— See St Ck Ex list.
Atlan. Ave., 1st
•
Bklyn Rap.Tran.— Sea Stolok Mx. List
I
I
H
Aug.
...
..
.
THE CHRONICLE— STOCK
19, 1899.]
prices
aTOOKB-HIBHXBT AND LOWJBST 8ALM PRIOSa.
Saturday, Monday,
Aug. 12. Aug. 14
eSO
•76
•30
•5
•60
ll»i
88
17
88H
156
•100
88
S«
•5
•
1*96
73
88
•70
12
73
•11% 13
•68% 72%
17
•16)6
3894
1496
•11)4
IIH
38%
39?^
56
101
•54
100
195
80
40
75
44^
77X
77?^
7H
150
44^ 44%
77^ 7794
7% 7%
22« 2iH
lOH lOM
-'H
50
115
16Ji
2294
1096
56
2S
•49
8496
16ii
•1694
18
•113
17)4
6794
1896
67« 68%
67J4
42
195
30
40
44
4496
77)6
8
2394
10)^
77
•794
•8296
1096
•49
54
16)4
24%
115
18
39
•185
»2394
16)4
53% 54
54M
115
'113
17« 17M
43
•7%
•155^
•545i
54
•113
44
7694
•50
•24
84H 24%
•16
$^4
2194
195
30
40
1694
•30
•78
38%
•30
78
7S
m
•6
H4% 14%
•11%
•70
4496
7796
8
33
10%
54
8394
•185
115
•118
17
«8)4
6796
67%
65H
•17
eeji
41
64%
17
67
55)6
17
55«
517
17
6796
4594
5 494
17
•6694
66H
6796
ilH 43
44
4BH 44
89
91
89H 89« 92
9194
9294
6^
6
6
6
6
594
•25
•..'!f 30H
'39" 30H 127% 37%
38'
89
37
39)4
S9H 88
88
83
84« 82%
84« 83
eoM
58% 61% 58%
61)4 63)i
100
»e% 101
98% 98)6 98%
162 163% 1629* 16496 160)4 16394 15794
m
•120
•100
121
104
'120
'100
132
104
41% 42H
89X
S11994 11994 •130
•100
•99
103%
56%
20
40
67
Toledo
Do
&
Ohio Central.
Do
78
...pref.
Wabash
8
2394
Do
pref.
16%
6696
54%
17%
53
•1694
97
67
45
44%
4596
9194
91
S3
92
594
30
38
83%
59
99%
5%
6%
•27'
38
88%
84%
58% 59%
37%
8396
83
99
99
5794
99
15894
15696 160
•130
132
121)4 •120
102
•99
ilOl
101%
42
4294
4194 42%
89% 89
90
9094
162.>4
51M
nio
ie?i
53% 64% 63% 64% 5394
112^ 114)4 110 115
17
1796 1796
17% 16%
176
177H 176
1799i 175
525i
110
17«
179X 181
•39
41
90
45M 46H
94
94
94
94
'39
46%
93%
95
•39
•85
43
90
4796
96
4796
97
BOX 60H 60X
815< 82M
82« 83
•»23 124
124 184
67« 67H I67)i 68
1109
109
I117»< 117^
42>i
•78H 79
•14H 16
•SO
53)4
•74
77
57« 58
•96
•11
475^
99
32
48ii^
110
115
88
123
66%
79
16
•50
•74
79
16
53X
7«
679<
•95
•11
1113
•6
•50
•18
95
33
113
679i
100
20
48
48ii
33
3394
112% 118%
6
•5
6
60
20
56
99
•50
•10
49%
99%
61!^
8294
20
•
48%
17
176
39
90
6O94
99%
98
98% 99
69% 60%
83
83%
123
•183
67
113
117
z64
184
6494
51%
5294
61Ji
•110
18%
17% 18
177% I8O94 180
•37
37% 40
•86
47)6
9594
86
89
4996
4794
98
97%
97
98%
69% 69%
97
82
183% 184
•64), 65
6994
82%
82
•124%
64%
•106 113
•109
•114
117
ill6% 116% 114
41
41% 40
40%
41
78% 79
7896 7896
78% 78% 78
•16
11494 1494 •15
17% 16
16
•50
SO
63)4 •50
68% •50
53
•74
•74
•74
77
175
77
7994
138
68
67% 5794 •57
66
5794
•95
•96
•96
100
100
98
98
•11
•11
•11
•11
20
80
20
47
48
43
48% 47
4794 48
108)<i 108% 101
101
•101% 103
101%
38
33% 32% 3894 32% 3394 82%
118% 114
118% 113 1112 112% 113
108
114
43
110
115
4a« 42«
•lOOM 103^ 1102% 10294
32?i
43
90
96
I
5396
114%
60
20
•5
•50
•10
6694
•5
6
•10
60
30
50
•6
•50
•10
465i
9
47?<
119« 180H
59
69%
89
89H
15S 159^
•60« 61
•8«
8J
B%H 86
29« 3054
88X 88H
150
9
41%
Do
pref.
1796 International Silver
60
Knickerbocker Ice (Chic.)
77
Do
pref.
Laclede Gas
58
100
20
Do
87)6
8%
88% 98%
9294
30
30
83
88% 184% 84%
30
163
4^
5m
894
81
63
8%
88% 90%
1146
31
88
53
9
74% 75%
60% 50%
75%
•8%
•8%
8994
91%
145
32%
83%
154%
1096
74% 75%
"8194
83
63
163
pref.
Lead
pref.
Nat, Linseed Oil, tr. certfs
National Starch
6
Do
Do
00
30
l*p
Ontario Silver
..,.,
Paclflo Mall
eop'r8Qa8-L.ftC.(Chla)
Pressed Steel Car
9
48
12194
60
15S
61H
pref.
NewO«nt.Coal (new stock)
N. Y. Air Brake
North American Co
13
89J6
1st pref.
3d pref.
National Steel
40
199
Do
pref.
10%
7494
•61
50% 51
50
4996 60
50
•lie 116?^ "1596 11696 «119 116 •116 118 •115% 117
1189 200
•189 200
•189 800
•190
800
•186
200
128 1130
il38% 130 •123 131 •138 183
90
90
89
8994 90
8994
8794 89%
88
8896
• Bid and asked prices
no sales on this day. § Less than 100
;
OUTSIDE SECURITIES
Street Railways.
Bid.
Cai.Cenj Gr.&B'kynlst 68
Coney Island ft Brooklyn.
1st 6s 1904
JftJ
Ill
300
103
68 oertfs ludbtl910.J*J
108
B'kC.ftNew 58 '39.JftJ {114
Gf.St-ftNew lst58'06A&O 104
G p't ft Lorlmer St. Ist 68. 108
Kings Co. Blevat.— Stock
3
Incomes
Bondi
Nassau Elec pref
58 1944
lat 481^48
5
Ask.
113
103%
117
A&O U5
JftJ
96
50
8f>96
OTHER
97
...
. .
pref.
Do
pref.
Wapaer
Palace Car....
Fargo A Co
89)4 Western Union Telegraoh
shares,
58 1948.AftO
Stelnwaylst68l923.Jd^
pref.
United States Rubber
200
131
(Given at foot of
i
ells,
Bx
7
div. of
24
47
15
61
35
80
J'ly 20
J'ly 27
J'ly 36
J'ly
6
100
p. c. in
bonds.
75,685
50
12,845
2,215
355
I
Old stock,
t
Street Hal ware.
Ask.
107
116
11^94
Columbus (Ohio)— Stock.
Con 58 1932.— Se« Phila
110
30 o"
Kansas City El 68
118
Bonds 4s....
§ 88)6
Lake 8i (Chlc)Blev-8tock
16)4
deb 58 1928
JftJ
97%
Lonlsv St Ry — 5 p c bonds 119
36
102
108
Preferred
1C9)4
I-ynnftBo8-l8t5s'34.JftD {118% lie'
1
Brldgep Tr-lst 5s •23.JftJ J108
Buffalo Street By Stock. 100
1st consoi 58 1931. F&A 118%
M&N 109)4
Deb 68 1933
Chicago City RR— Stock.. 298
33
Citizens' St (Indiaoap.) ..
101
Cleveland City Ry
Cleve Clty-lat 5s '09. JftJ 107
Crosnf wn
119*"
Common
li
Bid.
1
Cleveland Electric
Con 58 1913
—
1
Ky
St 58.
18
Dm
88%Dm
78
Apr. 100
18
Apr
Apr
7
35
Dee
Dm
1094DM
35
«
Jan 30
3294May 13
17%Aug
8
55%J'ne 13
t97%Apr
33%Deo
15%Mar 153 Not
66 M*r 38 Aug
28 May 1180 Feb
§116 Jai 13994Ang
57%Aug
10
24
26
20
20
13
13
24 J'lj
76%J'ly
6%Jan
Mar
16
9096Ang
88
Dee
1596J'ne
4 194 Aug
107%Mar 146%Aug
Mar 116 Jan
§88 Mar § 98%Deo
103
8394Jan 15394 Sep
112%Mar 135%Ang
Mar 140%Deo
7%0ct 14 J'ne
106
%Apr
l%Oct
I94N0T
296Apr
Mar
32%Deo
17
65 Aug 90 Deo
994Deo
4%J'ly
164 Oct 805%J'n«
27%Mar 52 Sep
8394Apr 94 Dee
45 Apr
29 Oct
69940ct
76 Sep
6696Dec
67
52
Sep
97
Deo
Deo
85%Deo
72%DeO
SMMay
6%Apr
96,700
594J'ne 7 1094Aug 17
5394Mar 76%Deo
22,704 68 J'ne 1 78 Apr 4
14>2Mar 48%Ab«
8,860 4296Jan 6 57 Apr 5
60 Mar ]lS%Deo
123 111 Jan 8 120 Jan 9
181 J'ly 17
Jl'y 18
873 1125 Jan 10 §131 AuglS tll8%My ll31%De
83)4Mar 95%Aig
7.213 87%J'ne 1 98%Jan 84
105
Bid.
9%NoT
69%De«
85 Not
796DM
107%Dec l0996Deo
97 Jan 3 117%J»ly 13 §8794J'ne 9694Deo
67 Deo
86 May 13 68%Jan 23
48 Sep
76%J'ly 37 95 Jan 5
85 Sep 95 Deo
10 May 6 36 Feb 27
45 Apr 7 63% Feb 83
5494Dec 67 Deo
73 J'ne 34 84 Feb 17I 81 Deo 88%DeO
51 Mar 4 58 J'ly 28
37%Mar 5496Aug
95%J'ly 18 102%May 18 85 Mar 96%AU8
6)4Jan
3 Aug
6 Jan 25 39 Apr 25
4196May 16 62 Jan 21
3096Aug 68%Deo
97%J'ly 7 107%Jan 19 94%Aug 106 Deo
26%Mar 3996Aug
38 May 31 40% Jan 20
99 Apr 114%Deo
110)4J'ne 14 116 Jan 21
9%Deo
3 J'ly 13
8%Dec
8%Jan 12
9 Feb
394N0V
4%Mar 17
8% May 4
60 Mar 80 Jan
43 Apr 20 50 Mar 18
12%0ct 30 Jan
13 Mar 17 23 Feb 9
4894J'ne 3 63 Apr 24
65 May 15 9996Augll
37%Apr 14 42 Jan 25 40 Oct 43 Sep
14 Apr 130 Sep
113 Jan 3 330 J'ly 19
794Deo
4%Jan
6%Jan 6 1396Aug 8
6%Deo
3%Jan
6 Mar 33 10%Apr 87
31 Apr 46 Deo
43%Jan 4 55 Jan 30
86%Mar 113 Not
101 May 13 129%Apr 3
4494J'ne 1 61 Aug 14
78 May 25 90 Apr 13
156 Jan 30 164%Jan 4 1132 Nov 816 J'ly
60 Apr 21 65 Apr 28 56 May 60968ep
19)4Dec 8396N0T
12%J'ne 2 25%Jan 16
57%J'ne28 82%Jan 10 66%Nov 75 Not
8%Jan 10%Ang
7 J'ne 1 12 Jan 10
17 Mar 3894 Deo
36 Jan 14 9894Augl4
111 Jan 4 145 Mar 28 i 80 Aug 106 Deo
24 J'ne 1 45 Mar 28
76 May 31 89 Mar 29
88 Apr §68%DM
(46 J'ne 9 60 Jan 12
Ex 100
consecutive ^aq^%).— STREET
CITIES.
—
5
8
95
75
,
50
398
.
. .
pref.
Do
75)^
NYft Qu8 Co
106
RR
United States Express.
1096 United States Leather.
•116% 117
Street Rallwaya.
NewWmb'g4Fll8lex.4%8
ft
54
994
•186
1131
Do
Do
7494
39a
pref.
Twine
Union Bag ft Paper
32% 34
83% 84
1094
75)4
14,983
3,550
100
1,000
8,300
16
8,060
63,390
4,735
2,875
Pullman's Palace Car
Sliver Bullion CertUs. . .
tandard DistlLftDistrlb.
896 Standard Rope ft
92)6 "^Penn. Coal Iron
58
70 5
631
3,954
811
Do
113
i-
"32%
83
100
pref.
4',
N' Do
3396 Mational
8%
90%
9
150
178
1,676
Louis).
Do
•8%
894
835
atlonal Biscuit
4896
102
1294
•794
(St.
Manhattan Beach Co
56% 56)4
97% 97%
46% 46% 46
47%
47X 4694 47
138% 130 18396 130% 121% 180% 131% 121
60
61
60
60% J60% 60% 59
59% •59
8994 90
89% 90
89% 89)6 89% 89H 89%
159
•167%
S159
15796 16796 15896 15-96 158
-60%
•60% 61% •60% 61% •60%
61
60%
150
6,870
1,530
.....
International Paper
78
•10
9
47)4
•794
4696
180)6
50
9X JiU
74M 75
•794
9
§9
pref.
H.B.CTaflinCo
116
50
•37
191
pref.
Mfg
Spirits
13%May
ll%May
37%Jan
730
87%Jan
32,079
59 Apr
11,778
May 31 94%Apr
93S
694J'Iy 30 15%Mar
3u 89%J'ne 26 41%Mar
Reflning
Do
394Jan
J'na
83%J'ii«
64
.
•5
6
60
30
66)6 57)6
57% 55% 8994 66% 56%
98«
98
9896 9894
9896
97% 97% 97% 97%
•37
•37
39
39H 38« •37
89
40
•37
40
•193 199
195 195
189 193
189 189
191 195
18« 12?< 18)6 1294 13% 12% 12% 12% l-'i96 1894
•7«
21%J'ne23
Mar 22
Apr 17
14,745 84 May 24 41%May 3
39
American Steel Hoop
11,950 70 May 13 8494Aug 14
84%
Do
pref.
59% Amer. Steel 4 Wire (new) 97.445 45 Feb 8 78 May 4
7,74U 92%Feb 8 10694Mar 13
100
Do
pref.
161
American Sugar Reflning. 170,761 123%Jan 4 182 Mar 80
10 110 Jan 16 123 Mar 20
121)4
Do
pref.
20 §98 Jan
101
American Teleg. & Cable.
4 106 Apr 18
7.832 33 May 34 6294Apr 4
43% American Tin Plate
2,800 81 J'ne 1 99%Feb 8
91
Do
pref.
238,417 t88%J'ne 31 229%Apr 5
124% American Tobacco
100 132 Jan 4 150 Mar 6
144%
Do
pref.
8,820 42%Mar 22 70 Apr 26
Anaconda Copper
57%
225 135 J'ne 5 160 Mar 17
138
Urooklyn Union Gas
9,465
9%May 9 2096 Aug 14
19)4 Drnnsw. Dock AC.Imp't.
600
l%Jan 17
696Apr 21
3)6 Colorado Coal & I. Dev't
Do
2
»prl4
8 Apr 21
pref.
89iboo 30%Feb 8 65 Apr 21
Colorado Fuel ft Iron
5296
813 88 Jan 6 115 May 11
114%
Do
pref.
19' Col. ft Hook. Coal ft Iron.
7,935
6%Feb 15 19%Aucr 18
183 ConsoUdated Gas (N. Y.).. 13,860 163 J'ne 6 223%Mar 11
39 Consolidated Ice.
1,050 30 Aug 16 50%Jan 31
89
Do
87 J'ly 5 97 Mar 13
pref.
136*,560 36 J'ne 21 65%Apr 17
49 Continental Tobacco
31,904 78 J'ne 29 99%Aug 16
98%
Do
pref.
1,285 63 Jan
101
Detroit City Gas
4 101 Aug 18
85,290 4696Feb
60% Federal Steei
76 Apr 3
5,574 78%May 13 93%Apr 3
Do
8896
pref.
600 95%Jan 3 125%Aug 3
135 General Bleotrio
8,136 62%Apr 7 7694Mar 20
65 Glucose Sugar Reflning.
135 10694May 31 110 Jac 14
112
Do
pref.
43%
«
60
30
American
6
3094
6
•87
3094
42H 43X 43% 43% 41%
89%
90% 91
90M 91
117
120
124
181%
12396 123% 126
116J4 118M 118
•141
143
148
67
67X 68H
56% 67% 65% 5694 6696 57)4 57
58)4
•187 140
•136 140
•136 140
138
136M 139M
18« 18J< 1894 8096 19% "ioii 1994 1994 19
19%
1996
•896
3
•296
•8H
8M
3
3% •896 3
2% 3
•89
44% Amer.Smeltlng &
Do
1
J'ne 29
4894May 26
5,805
745
pref.
91% 91%
Jan 23
Jan 31
Jan 16
300 33 Jan 3 52%Mar
406 133 J'ne 19 §145 Jan
10%J'ly 80 13%J'ly 22
pref.
Do
52%Mar
22%Feb
68
87'
American Maltln«r
17
69
Mar
1
100 §103 Jan 3 §119 Feb26
5,944 15 J'ne 16 81%May 25
4,260 5696J'ne 16 68%Aug '
1,720 3394Mar 6 4396Aug
230 88)4Jan 5 95 May
pref.
Do
6494
17
•67
4396
8%J'ne
50
42
73
1,000
2,764
merican Car A Foundry
Do
Feb
Dec
8
Apr 28 2396Mar 4396De«
8%Mar 20%Defl
2596Mar 1
~
242 Feb 27 145 Oct l94%Feb
89 Apr 4 §12 Aug 25 Sep
976
Adams Bzpress
1794
6796
14
55
17)4Jan
167 Jan
20 Jan
35 Jan
38 Jan
118 Jan
3,325
127
.
.
106
44
98)6Jan
37 May
45
13
Aug 48 Oct
16% Jan 36%De«
141 Feb 24 107%Dec l07%Dee
43,095 38%J'De 20 5096Feb 21
16%Mar 4496Defl
9,395 72 J'ne 1 84%Jan 23
45%Mar 7496Dee
9^0
7%J'ne 19
6%Mar
9%Ang
8%Jan 24
5,100 19 May 24 25%Apr 5
14%Mar a4%Aug
City Rapid Transit.
Do
pref.
Union Paclflo Rr
45%
17
. .
pref.
Twin
113)4 113)4
6796
17
69
31
3
3
10%Jan
40%Jan
I
56
18
44%Jaa
276,716
33,747
72,427
10,400
Co
4094 Sonttaem Paclflo
43
42
41% 42
41% 41% 41% 43
American Cotton Oil
41H 42
•93
94
94
94
94
93
Do
pref.
J94M 941,4 •93% 94
•35
35
35
35
36
35
85
3S
American District Tel ....
•140 142
142" l2I^ §141 14296 •141 143 •141 143 1143 143 American Elzpress. ..,,...,
18« 12% 12«
11% 12% 112% 18% 112% 18% ni% 1194 American Liaseed
•83M 94
37M
5
4096Au)<
53 J'ly
10% Wheeling i L. B., new
§50
51
Do
Ist pref.
84% 24%
Do
2d pref.
19% 16)4 Wlscon.Cent, new(wh.ls.J
53% 54
Do
pref.(when iia.)
mscellan'a Stocks.
115
17
1794
6
18%Aug
105-8
64
67*6
75)4Jan
Jan
36 Jan
22%
2494
•113
17
13
694Jan
45)4
7796
8
16%
64
May
64
33%Jan
•64
66
64
8
780
,
1094
63
896 J an
Jan
Jan
17%Jan
14%Feb
2,810
15,470
126
100
39
18% 1294 South em, voting tr. otfg..
53% 54%
Do pref., vot. tr. otfii.
2196 21% Texas & Paolflo
185 195
bird Avenue (N. Y.).,^
44% 45%
76% 77%
•794
8%
22% 22%
10%
6
May 38 Aug
50%Mar 69%An«
5%Dec
894Feb
65
I
HighuU
28
J'ne
Ist pref.
2d pref.
39)4
30
40
67
•49
8494
203
300
80
Bange jor previous year (1898),
Lowest.
43%Feb
4
66 Jan 8
394J'ne24
38%May 24
9 J'ne
'394
3d pref.
Highest.
16% 179« St-Lonli South weatem...
39% 40
Do
pref.
•55
56% St. Panl& Dalath
'100
io\y,
Do
pref.
195
64
25%Jan
400
& S. Fr., rot. tr. ctf8.
L.
Lowest.
.
iBtpref.
Do
Do
72
3894
17%
39H
56%
1694
St.
On basisof no-sh're lots
Tot. tr. cts.
Isl.
Do
Do
1594
.
Range for year 1899.
of the
Week.
Shares
pref.
St.J. &G.
594
52
•70
38% 38%
3894
•51
Do
11% 11%
12
73
STOCKS.
STOCK EXCH.
38% Bio Grande & Weat«m.
•50
•15
§19% 49%
N, Y.
79
•5
100% 100% •100 101
35% 37
37% 391^
1196 18)4
12% 12%
53% 6396 53% 6496
21
2094 81)4
31%
ana
11%
52%
'185
38
16%
3894
101
21
694
6094
1494
38
38)6
17
39)4
58)^
34)6
1196
58)4
615<
44
5-%
50% 60%
58
15
SIM 21%
•85
38
78
78
•5
5094
•14)4
BiH 35H
IIM 11^
•185
•30
38
77% 77%
79
371
2.
Sales
Wednesday Thursday, Friday.
Aug. 16. Aug. 17. Aug. 18
Tuesday,
Aug. 15.
Page
(2 pages)
94
106
101
MftS
.
Ask.
96
107
108
list.
108
51%
p. c.
stock dividend.
RAILWAYS,
Bid. Ask.
Street Sltallways.
Metrop W. S.lChio).— ;!<« St.. Ex. Llsu
HI
Mlnneap St Ry-os 1 9.JftJ {110
'
24
24%
Orleans City Ry
97
97%
Preferred
841
North Chicago— Stock..
JAJ {105%
Ist 5b 1906-1«
36
86%
North Jersey St.—Stock.
91
OS
Beads
16
16
No Shore Tr (Bost)-Com.
85
87
Preferred
•rov ft Pawt'ck-l8t Ss '33 {113% 11694
75
80
llohm Ky*Elec-l8t58'20
Inter est.
{ Buyer pays accrued
New
.
89%
17)4
55
die
THE CHRONICLE-BOND
372
BONDS.
Price
1
Week's
Range
Friday
Avg. 18.
I-8
N.Y.STOCK exchange! S-2
Week Endikg Aug. 18. 1 (§
AiabamH Cent. See Sou By.
labama Mki Ist kUg.l928MAlbany &Sneq. SeeD&H.
Range or
since
Last'Sale. \K^^
Ask Low. High. No.
Bid.
Jan.
1.
jLOiv.
101
J'ne'99
102k
Allegheny Val. See Penn Co.
Ann Art or Istg 48
1995 Q-Jt
Atch T & S Fe gen g 4s. 1 995 A-O
95
102
.
199.5
A-O
1995 Novt
1995 Novt
Registered
1902 J -J
Equip trser Ag 5s
Chic & St Lou istPs..l9'! .n-s
Atl Av Bklyn imp s 5s.. 1934 j-j
Atlan & Uanv 1st g 5s. .1950 j-j
Atlanta & Char. See Sou Ry.
Austin &NW. See. SoPac.
Bat Creek & S. See M ich Cen
&
<)
prior
1
g 3.^3.1925 J
96
Sale
101}^
86%
96%
Gold 4s
Registered
95%
Sale
Series
B
1911
IstSpr'gfleldDiv 7s.l«05
1932
1st gei era' 5s
Beech Creek. Sec N Y C 4 H.
Bel & Car. See Illinois Cent..
Boonev Bridge. See
K &T
Bway & 7th Av. Sf e Met S R>
103?^
102k
Dec'" 98
87
107^
108
94
J'ne'99
J ly'98
108k 112
Mar'99
111
107% 111
32}^^
12
Dect
Feb '99
1T2
A-O
M-N
J-D
93%
Jan.'99
Jan.'99
32k
10% 13^
108M 112
123 130M
Jan. "99
128^ May'90
103M Aug'9a
Feb
89
94
32}^
103
89
'99
106
89
A-O
J-J
M-N
F-A
Bklyii &M<ntauk. See LI si
Bruns & West 1 st g 4s. 1 988 J-J
Buff N Y & Kiie. See Erie.
1937 M-S
Buff R & P gen g 5s
1 947 J-J
Debenture 6s
Roch&Pittslstg6s. 1921 F-A
Ifc22 J-D
Consol 1st 6
lie
Cl&Mahlstgug5s...l943 J -J
130
RapTrgSs
1945
BkCitylstcon 58.1916. '41
Bk Q Co A S con gu g 5s. .'4
Bklyn Un Bi Istg 4-5sl5'50
.
13 108
115
Sale
107k
100J4 Sale
115V*
117}^ Apr '99
107i« Aug'9»
10 ]4
100^
116
117k llTk
105.% 108k
34 100k 104H
W
110
110
Sale
127
107>^ 111
110
127H' 129
129
130H
J'ne'99
1303^ J'ly'99
...,
103
Apr '97
105
May'99
...,
129
FA
A-O
.
128
130k
101k 103
U P Istg 4s. 1948 J-D
Central Ohio. See Bait & O.
CenRR & B of Ga— Col g 59'3 3I-N
Cent of Ga Ry— 1st g 5s. 1945 F-At
Registered
1945 F-At
Consol gold 5s
1945 M-N
Registered
1945 M-N
1945 Oct.*
Ist pref income g 5s
2d pref income g 5s. ..1945 Oct.*
Sd pref income g 5s.. .1945 Oct.J
1946 J -J
& N Div Istg 5s
Mobile Div Istg 5s.. .1946 J -J
Mid Ga& Atl Div 5s.. 194 J-J
Centof N J-lst conv 7s.l902 M-N
Convertible deb 6s.... 1908 M-N
Geneial gold 5s
1987 J -J
Registered
1987 Q-J+
lllM
112
110
fd 6s.. 1
1st 7s ..1900
Bid.
18
98
90
98
92
13i2%
U2
Weit Chicago
116!4
M4N
Worcester (MssR)Tr-Com
.
.
.
112>^ 125JS
Apr'99
Apr'99
107
112
121%
Jan. '98
J'ne'99
12014 122>4
1041-^
Apr'99
103
J'ly'99
109^,^
Dec '98
112
105k
108% 109k
116M 119k
118k 123
Aug'99
Aug'99
123
104
99
108M
i.02U
109
104
100
95
100
lOlM
101
101% 104
110%
107k
106% 106%
lO'.Ji
108
104
'99
'99
t Bonds
NEW
98
due July,
Bid.
Ask.
FORK.
Gas—
Central Union
iBt 58
183M
1C4
Bqntt Gas
1st 6s 1899
Con. Ss 1932
{106% 108
116
F4A }101
M48 #112%
Mutual Gas
34
107%
N.
270
Amsterdam Gas, Com.
Pref
Ist consol
5fl
107
101% 105
100
105
105
105
105% 113%
111% 111%
120
124
105% 108
116%
114
134
138
109% ll'^
107
107
A-O
A-O
171%
I6I14
Aug'99
170k Aug'99
160% I'O
160 171%
170
161
171
J'ly'99
J'ly'9«
112% 122%
120
Sale
Aug'99
120
J'ne'99
J'ly'99
•121
121
J'ly '99
*125
125
121% 123%
118% 124%
118% 125%
110 112%
122% 122%
May'99
122k
120%
118M
137k
106k
115k
112k
105k
120
118% 123%
199 132%
120k 120k
120k 129k
109k Dec'98
123
122
123
112
J'ly'99
122
Aug'99
Aug'99
119
115
J'ly'99
May
•
120
109"
•
122
•• ••
9^
112% 118%
108% 114%
J"ly '«P
Aug'99
Feb '98
125
113
116
116
J'ly'99
J'ne'99
J'ly'99
108
109k Mar'98
118
121
106
jry'99
109
106% 106%.
102% 110%
106% Feb '99
110
103
111%
117% 118
J'ly'99
117% Feb '98
109
114
120
116
106% 110%
105% 109
121% 123
J'ly'99
110
•
126
142% 145%
111% 115
105% Mar'99
122% Aug'99
119^ Dec'98
123
121
*
118
116
109
123
118%
187k 137%
May'99
143^ 144' 143k Aug'99
112k
112k 112k
112k a'e 114 Apr'99
J'iy'99
Nov'98
107% May'98
108
124
117k
111
Oet.'98
J'ne'99
B'eb'99
Jan. '99
124
140
126
1453
111
113
189% 143
111
113
Apr'99
141k Aug'99
105k Feb '97
124
138
146
Dec'98
98k Apr'99
98
85
86
J'ly
146
86
83
'QV)
J'n6'99
98k 98%
109k 114
138
Aug'99
136
134k
J'ne'99
114
114
140
132
fc9% 99
106
122
123
.
140
114% 114%
131% 136%
132 134%
130 104% 110%
105% 107%
98%
98
98k May'99
99
112'
il7% 125%
J'ly'99
J'ly'99
J'ne'99
J'ly '99
J'ne'99
124
117% 117%
113
Chic Ter Transfer g 4s.. 1947 J-J
Cb &^VestI Istsf g6s..l919 M-N
1932
General gold 6s
D 121
Chic & West Mich Ry 5s.l921 ?:
1921
Couv ons off.
1905 A-O *iao
Cin H & D con s f 7s
1937 J-J
2dgo'd4ks
ClnD&Il8tgug58...1941
111
M-S
.>1-N
114%
134
J-J 133%
J-J
133k
J-J 106% Sale 106% 107%
J-J
107% Apr'99
J-J
J-J
J-J
A-O
A-O
114% 118%
92 108%
104 119%
Aug'99
140
131
Mar'99
182
99
1
93%
30
J'ne'97
J'ly
99%
141
134% 138
140
139J,
102^1
120% 123
99
99% 99%
J'ne'99
120
120
M-N ii5k
120
103k
*
Aug99
Oct.'P'
112" 113"
113
May'99
& Can Ist 5s trrec .191
C C C & St L— Gen g 48. 19&3
CI
Cairo Div let gold 48.1939
etL Div
Ist col trg 4s. 1990
1 990
Registered
Spr&Col Div Istg 48.1940
Val Div Istg 4s. 194C
WW
t Due Nov.
I
Due June.
V
J-J
J-D
J -J
M-N
M-N
M-S
J-J
Due
94%
Sale
'103%;;;;;
Jan.
9 IH Aug'99
95
94%
97 J'ne'89
103 J'ly'99
99% 103%
n
These are option
38
57
118
102%
113
390
S4
59
»100% 101%
Bid. Ask.
Gas Securltlea.
Gas Securities.
OTHKK OITIKB.
N Y Klec Lt Ht & Pow 48. 9!« 91%
U6% 107% Baltimore Consoildat— Se
Gold 58
East River Gas—
Bay State Gas—
NY&
J4J
1st 5b 1944
J&J
Consol 58 1945
Nor Un iBt 5b 1927. .M4N
Standard Gas— Common.
Do preferred
1st 5s
1930
BROOKLYN.
MAN
110
109
94
112
138
118
118
96
iia
143
116% 118
Brooklyn Un Gas— N Y St ook B xoh
1st con 58— N Y Stock Bxoh.
103
Wtlllamsbarg Gas— 1st 6s {100
09
99
Aug'98
87
Due May.
08
97
S-7H
May'99
99
S
0%
9E%
156
(Given at foot of 7 coifSBCuxivB pages).— G'^/S' SECURITIES,
t?aa Securities.
18%
151%
116%
121%
ChicStPM&Ocon6s..l980 J-D 138
ChStP& Wlnl8t68..1918 iM-N 134k
Nor Wisconsin 1 st 6s. 1 930 J-J
132
St P & S City 1st g 6s. 1919 A-O
.
J'ne'99
Feb
106% Feb
Ask.
J-b
J-D
Q-F
J-D
J-D
A-O
A-O
A-O
A-O
M-N
M-N
M-N
M-N
100
lOlM Apr'99
103
.....
J -.1
J-J§ '111k
Q-J§
J-J5
J-J§
Aug'99
115
95V^ May'98
'108
117li
105
113
1171^ 121
J'ne'99
104
100
10
CIStL&C. SeeCCC&StL
Cin S & C. See C C C & St L.
116k 119
90% 97% City & S Ry Bait Istg 5s 1922 J-D
92% 92% Clearfield & Mah. See BR&P.
104 108
ClAk&Ceq&2dg6s...l930 F-A
97M
97k
92% J8n.'99
Sale
105
170
J-J "20k
J-J »113
J-J
J-J
J'ne'99
117
97H
1.
170k J'ly'£9
.
119}i J'ne'99
'1185
1106% 107
S3
106
Ashland Div Istg 6s 1925
1911
Incomes
Chic Rock I & Pac Os. .1917
1917
Reii ist ered
1988
General gold 48
1988
Regis- ered
Des M & Ii"t D l8t 48. 1 905
1905
lst2ks
1905
Extension 4s
1st 5s.. 1928
Keok&DesM
Small
1923
107k
105M 108k Chic & St L. SeeAtT&SI'\
1125^ 113M Chic St L & N O. See 111 Cent.
120H 120% Chic St L & Pitts. See Pa Co,
110k
100
.
101
118
12"
J'ne'99
lie% Aug'99
.
103
99
113%
104%
109M
125k
115%
105
110
Sale
F-A 106k
F-A
1987 M-N
Gen Gold 8k8
,....1987 Q-N
Registered
Escan & L Sup Ist 68.. 1901 J -J
DesMo&IV)innlst78.1907 F-A
Iowa Midland Ist 8s. .. 1 900 A-O
Will ona& St Pet 2d 7s 1907 M-N
1905 M-S
Mil& WadlstOs
Ott C F & St P 1st 5s .1909 M-S 113
58.. .1910 M-S 114
North Illinois 1st
MilLS&W Istg 68... 1921 M-N
Convertible deb 5s. .1907 F-A
Ext&Impsfg5s...l929 F-A
Mich Liv Istgold 6s 1924 J-J
.
107
112
120
1H3H
103k 104k
103M 109
102k
87?i
97% 98% Con Oaa (NY)— Stock— YStK Bxoh
Deb 5b 1908
8fk 81
M4N 106 110
Un'd Tr&Elec(Prov)-8t'k
Preferred
114
these are latest bid and asked this week,
ion*
1902
1231^ J'ly'H9
OUTSIDE SECURITIES
Coil
99
1129^J'ne'99
F-A
1900 M- N
Railway.
7b. 19
108%
Eliz
oL
Aug'P9
Mar'99
-
MS
Lex &BSgug5s.l902 MS
902 .M-N
Chic & Alton sink
ript
I12kl21k
.
Roohester Ry
l>eh tig 1911
M&S
J&D
2dS8 1933
Bo Side Bl (Chio)— Stock.
Union Trac (Chic) Subs.
United Rys iSt L)—Ctm.
Preferred
.
120M Mar'99
.
MS
Subst
112k 112k
113H 122k
Mar'99
108>^ Mar'99
Guaranteed gold 5s.. 1938 A-O
& Sav st g 7s. 1 936 J-J
Ches & O— Gold 6s ser A. 1 908 A-Ot
Gold 68
1911 A-OH
1 8t con g 58
1 93v M-N
isteri-d
1939 M-N
Ret
Gen gold 4^s
1992 M-S
Registered
1992
R & A Di V ) st con g 4s 1 989 J-J
U8l J-J
2d con g 48
Craig Valley Istg 5s.. 1940 J-J
Warm Spr Val 1st g 5s 1 94
Street
11
1031.^
,
;
.
.
A-O
Guaranteed g 5s
1939 A-O
Speyer & Co eng cts
Land gran' gold 5s.... 1900 A-d
Speyer & Co ctfs....,
C&01)ive.Tte 5s
1918 J-J
Speyer & Co ctfs
Western Pacific g 6s.. 1891 J-J
No price Friday
102
109k 112
Mar'99
106% Aug'99
Speyer&CoctfFGHI.lOOl
San Joaquin Br g Os. 1 900
Speyfr&Coctfs
•
7k
102
10'6]4
.
Lou & Mo Riv
2d7s
6V4
116>^ Aug'99
.
.
15
11
6
J'ly'98
J'ne'99
J'ne'99
99
South int guar 6s.. 1899 J-J
Cen Pacific— Ctfs dp A. 1898
Speyer & Co ctf s BCD 1 899
Spey er & Co ctf s dep E 1900
l
44H
Dec '98
166" ibok 100
NJ
Charles
91%100H
38
121M 121«
121^ J ly «k<
Am Dock & Imp Co 58.1921 J-J
Spfyer & Co ctfs
Noof Cal l8tgug68...1907 J
32
112)^ Mar'99
121
96
116k 120
Aug'99
6]4
93?^
95
Apr'99
95
96
102
110
1912 M-N
Rgen gug5s.'2 J-J
.
89
J'ly'99
41
6
W B C con as 7s.l 900 Q-M]
1924
1916
Cont sink fund 5s
1916
Dak&.GtSog5s
Gen gold 4s series A. 1 989
1989
Registered
Gen gold 8ks series B. 1989
1989
Registered
Mil & No 1st M L 6s... 1910
1913
Ist consol 68
6s
105
Jan. '99
108^
108J<
lliii lll)i Aug'99
106 Jan.'97
97
litO
...1914
105
108
109
105
.
Le*Hud
£s..l921
llOJi
12
116%
.
Wis&Minn Divg
110k
41
UPVi
&PW
190:
Registered
Sinkiiigfuud 6s.lf79-l9'/t
....1879-1 92*.
Registered
Sinking f ULd 5s..l 87 9-1 929
Registered ....1879-1929
Sinking fund deb 5s... 1938
1933
Registered
25-year debeni ure 5s .. 1 909
1909
Registered
30-year debenture 5b.. 1921
1921
Regis ered
Extension 48. .1886-1926
Registered. ...1886-1926
98^
1.S8
Ulk
1910 J -J *112
1910 J-.i •121M
Chic & Pac Div 6s
1910 J-J •121k
Chic
Istg 5s... 1921 J-J 121%
Chic & Mo Riv Div 58. 1926 J-J 127
Mineral Point Div 5s.. 1910 J -J 112'^
Chic ic L Su Div g 58. 1921 J-J 110
1101^ Feb '99
Sale
113%
113%
Mar'99
111k Aug'99
138 J'lj'f9
II414
7s...
Gold 78
1171^ Aug'99
M
58
&D Div
117k
41
12
113%
103H
Jan.
High. No. Low. High
As/c.\Loic.
.
110
9691 Sale
A-O
J-J
A-O
M-N
M-S
A-O
A O
F-A
M-S
F-A
since
0-5
Last Sale.
.
.
111
96
Bid.
J-J •116
J-J 100
J-J Ill
M
J-J 170
J-J 170
l8tC&M7s
1908 J-J 170
Chic Mil & St P con 7s.l905 J-J *170
1st I & D Exten 7s
1908 J-J 170
1st Southwest Div bs..l90i- J-J *120
Ist La Crosse & D 5s. 1919 J-J 120
Ist So Minn Div 6s.
.1910 J-J 120k
106
89
Week's
Range or
Chic Ind & Louisville—
L/OUisvN A&Chl8t6s..'10
Chic Ind &Lrefg 5s.. 1947
Refuudingg 6s
1947
Chic Milwaukee & 8t Paul—
& St P— 1 st 7s $ g R D.'02
1st 7s i£ gold RD.... 1902
Aug'9P
108
Cen Branch
.
91
lieV)^ J'ly'99
109
CRIaF&N. SeeBCR&N.
Leh &
... 1
Range
Price
Friday
Avg. 18.
See Erie.
Ch'c4^o^thw-Con
Carb & Shawn. See Hi Cen.
Car Cent. See Seab & Roan.
Carthage & Ad. SeeNYC&H
.
Erie.
Far&Souassug
A-O
1906 J-D
Bur C R & N 1 St 5s
....
Con 1st & col trg 5s.... 1934 A-O lie
Registered
1934 A-O
M&StLlstgug7s....lS-2 J-D
CRIF&NWlstg5s.l921 A-O 109>^
Canada South 1 st 5s. 1 90*- J-J 108H
2d 5s
1913 MS
1913 M-S
Registered
.
1918
1903
Terminal gold 5s
.
Buff & Southwest. See En e.
Buff St M & S
Istg 5S..1927
Buff&Snsq Istgold 58..1918
1918
Registered
Convertible 5s
Iowa Div sink fd 5s
48
Denv Div 4s
1st Hast
5s
M
Bklyn
Debenture 5s
Chicago*
B & O S WTer Co gu K 5!»."42 >I-N
Ohio & Miss 1st con 4s. 1947 J -J
2d conso's 7s
i'o'i"
ibs"
1990 A-O
WVa&PlstgSs
Monon Riv Istfcug 5s.l91i FCen Ohio R Ist eg 41^3 193( M-S
Piits& Con Istg4s...l94(i J-J
B&OSWlstgug4>^s.l«9( J-J
B & O SWRy cong 4i^sl998 J-J
204f Novt
iBtincg 5sser A
204.M
97
loo'vi
M-N
Ba'tB'Jt 1st g5sintgu. 198(1
Jan. '99
lOCli Aug'99
1001^
99%
96H
[Vol. LXIX.
1.
107 J ly'. 9
1919
106%
S-i%
10a
1922
102k 102k
Southwestern Div 4s.. 1921
100 Apr'99
Chic & Iowa Div 5s. ... 1 905
105 Aug'99
108 110
Nebraska Exten 4s
1927 3I-N 118% ..
113% Aug'99
Registered
1927 I>t-N
111% J'ne'99
100k 102
Han & St Jos con 6s. .. 1 9 1 M-S 123
124 J'ly'99
Chic Bir & Nor 1st 5s. 1926 A-O 106%,
106% Aug'99
Chic&EIll. I3t8fcur6s.l907 J-D 115
114k Aug'99
435 955^100%
Small
1907 J-D
1st con g fs
1984 .\-o 137 13»H 137 Ji J'ly'99
314 98 1025
Gen con 1st 5s
114
1937 M- N 114 115
115
Registered
1937 M-N
103kNoV98
Cbic & Ind C Ry 1st 5s 1936 J-J 108
107
107
Feb '99
110
87Ji
100
364 78
83
87
83
-0
484
102
Mar'99
85^
Sale
1925 J-J
194h A-Ot Idi" Sale
194b A-Ot
Registered
Aug^i-
96
101
Adjustment g4s
alt
—
CUlu A. AllOi. (.Cul.
Miss Riv B Istsfg 6s.. 1912
Chic Bur & Nor. See C B .t Q.
Chic Bur & Q— Con 7s. .1903
Sinking fund 5s
1901
.
AinDo(k&I. SfeCenofNJ.
Registered
BONDS.
STOCK EXCHANGE
Week Ending Aug. 1 8.
)
lOOM
Page
(5 pages)
N. Y.
High
98
prices
sales.
dec.
Bid.
Ask._
< Bait.
List
2J<
2%
Incomes
BoBton UnltedGas Bonds- -Bosto nLlst
S% 9
Buffalo City Gae Stock.
84
J 83
Ist Cb Bonds
—
Chicago
Gas— S«« N Y
Sto Ok Bx Ob.
103
184
186
45
50
«10l
t Price par th
Gas Co 1st 6s
'tnclnnati Gas A Coke.
City Gai Norfolk Va)
Cloero
. . .
>
lit 6a
J
And
.
Interest
i
•
AUG.
THE CHRONICLK-BOND
19, 1899.]
81
Wbidk Endihc Aug. 18.
Pnet
5«
N.T.BTOOK EXOHANGE
C CC&
Week's
Range
Friday,
Range or
tiiice
Aug. 18.
BONDS.
Last Sale.
Atk.
Bid.
L (Con.)
96
01nW&MDlTlitg4s.l991 j-j
Oln I 8t L A C lltg 41.1936 Q-F1 104
Low
Jan
1.
Gal nar ASA.
Se« S P Co.
al
of '82 Ist 58.1913
AlaRy Ist pf g5s.l94S
Ist coDSol g 5s
1945
Ga Car A No Ist gn g 58.1929
St
1936
HeKlitered
1920
Coiuol 68
Oln 8 * CI oon Igtg 58.1988
l8t pf 7i. .1900
Ind B1 &
lit pf 58. 1938
O Ind &
P*o & Baat lit oon 48. 1940
1990
Income 48
OlOC A Ind coniol 7»..1914
Ooniol sinking fd 7i...l9l4
S«neraloon801golde8.1934
19.:t4
Registered
OABlitMC CCA 178.19 1
01 Lor A Wh oon Ist 5g.l933
Cn«T A Marietta. See Pa RH.
Olar A Mahon V al g 58. 1 938
1938
Beglitered
01«T A PltU. 8m Penn Co.
Ool Mldl'd— lBtg3-3-4s.l947
1947
litg 48
1929
Col A Sou Ist g 48
Ool A 9th At. Se«MetStK7.
Oolnm A Oreenv. See So Hy.
Col & n Yal. See Hock Val.
Ool A Cln Md. See B A O.
Ool Conn A Term. See
Oonn APaaRlvi Ist g48.'43
W
W
.
Apr '99
Aug'99
95
103
118H
J'ne'99
118)<
96}^
97
104
QaA
Q-Ft
M-N
J -J
J -J
115
85X
29H
J-D
J-D
J -J
J -J
85?i
Sale
135
29
29!^
188>4 J'ly'99
82«
Gila
Hock Val
133Hi
137
134H J'ly'99
108« 108H
J -J
gn-J
108
128
l84JiJ'ne'99
Col
62
62?^
71
86
(
Dal Lack A Western 7b..1907
Byr Blng A N Y Isl 78.1906
IforrlsABisex Ist 78. 1914
1900
7i
1871-1901
7i
1915
lltoonguar 78
1915
Registered
M-S
A-O
M-N
J-J
A-O
J-D
J-D
Ist 68. .1931
1923
Construction Ss
1923
Term & Impt 4s
Warren 2d 78
1900
Sale
63
55
127
Illinois Cent lit g 48.
71
87
U3
8
70
J'ne'99
124!^ J'ne'99
142
*i08
139
119
108
146
143
M-N
M-N
A-O
150
;!'.!!!
142^
118W
108)1^
108J^
Aag'98
120^ 180U
122
1I6H
116X
115
141
117?i
Jan.'99
M-N
105J< May'99
99«
J
100
100
18
100
109^ Aug-99
J -J
J-D
105
SMHAMlnn. SMChANW.
SMMUnRy Ist g 58... 1917 M-N
BatMATol. SmLSAMSo.
DatAMaok Ist Hen g 48.1995 J-D
Gold 4s
1995 J-D
Dal A Iron Range I8t9i.l937 A-O
Registered
1937 A-O
Bale
92
'
\05yi 109
104
99
10&«
Apr'99
11 '274
102)2
105
105
108
'
70
70
112
109^
W
68
106
A B Ist g 5s... 1941 M-N 109^ 111
SUs Lex A B S. ;S«« C A O
Hljn Cort A No. SeeLehANY.
1947 M-N
rte Ist ext g 48
131
1105^ J'ly'99
104K 111
Elgin Jol
J'ly'99
121
M-8 121
M-8 116
A-O 120
Athextgold 4s
J-D *106
litconsolgold 7s.. ..1920 M-S
Istoonsolgold fd 78.. 1920 M-S
Iiong Dock oon gold 68. 1 935 A-O
BnfTN Y A Brie Ist 78.1916 J-D
Bnir A 8 W gold 6s. ...1908 -J
Small
1908 J-J
Jeff HU Ist ga gold 58.1909 A-UI
Chic A Brie iBt g 58...1982 M-N 116?i
Coal A RR Ist c gn 68.1922 M-N
1919
1923
1933
1928
May'99
il5H183)i
121
131
116H Aug'99
IIH^ 116«
121
121
121
106)4 106)i
142)6 145J<
J'ne'99
106X Apr'99
143H Aug'99
143 Dec '98
i41)i
Aug9P
140
Feb
139X141)4
'99
140
140
Small
1946 M-N
oon g 4s pr bds 1 996 J -J
Registered
1996 J-J
Isteon genlleng 48. ..1996 J -J
Registered
1996 J-J
^ Y 8A
1st ref 6s.l93 J -J
.
W—
Feb '99
lieM
106
Sale
116M
106
109
eSH
"Vaji
Sale
91?^
Oct.'98
92«
35
93M May'99
72^
72k 72
.
*
No price
Friday
M-N
A-O
105
80
J-J
i'lo"
100
133
106
"67
J'ly'''99
Gas Secnrltlea.
H A L (F stona) 61.
Col Gas L A Heat-Com..
Preferred
lit 5b
lit 5s 19bt)
J)—Stck
JAJ
Oonsol Gas (Pitts)
Pref
Bonds 5i
Oonsnm Gas
Ist 6s
(J
106
79
«5
64
Bid.
*
Ask.
94
64
95
93
93^
70H 77
16 95*' 102)4
111)4 111)4
3d gold Ss
1909
8d gold 4s.
1931
Iowa Central Istgold 58.1938
Iowa Midland. SwChANW.
Jefferson RR. Bee Erie.
81
87
31
24
89
83
58)4
113)4
City)— Stk
MAN
On«— 8m N T Bxo
Biiex & HadBon Gas.
Detroit
.
93
96
108)4 110
h.ll8U
41
48
108H
107
102
107M
J'Iy'99
104)4
104)4
97)4 104)4
107K116H
113)4 J'ly'99
112X Nov'HM
J'ne'99
t02)4Apr.-9t>
108)4 loin
103)4 108)4
106)4 J'ne'99
10491 Jan.'99
104^107
10494 10494
103
107
Aug'99
Mar'H-
105
101
100)4 8ep.'98
111
104'
114H
93« 105M
81
92«
114)i J'ne'99
103?g
92
1951 J-J
Registered
1951 I-J
Cairo Bridge gold 48.. 1950 J-D
Reglsttired
1950 J-D
Middle Dlvreg Ss
1921 F-A
Spring Dlv Istg 3)48.1951 J -J
Registered
1951 J -J
Chic St
Og 5s.. 1951 J-D
Registered
1951 J-D
Gold 3)48
1951 J-D
Registered
1951 J-D
Mem Dlv l8tg48... .1951 I-D
Registered
1951 I-D
Bellev A Car 1st 88. .. .1923 J-D
102^ Aug'99
91^ Aug'99
103)4 103)4 103)4 J'ly'99
103)9 Apr'99
94
May'99
123
188
128
128
126"
i28J4
123
100
8ep.'98
100
100
123
188^
Apr'99
IC6)4
120
106
111
M-8
M-8
J-D
J'ly '99
.•j7
107
125
95
66
115
124)4
Sale
181
Not'98
104
Sale
Bale
131
94^ Dec '98
9u
95
68
115
104)4 106)4
106)4
Feb 99
121
105)4
93
65?4
115
102H 106)4
25 104)4 108
10 123
126
8
97
91
23 60
66
17 107
115
KalAAGR. SmLSAMS.
58.192'
73)4 Sale
MKAT
Registered 53
1997
LehVN Y Ist gng4)4i.. 1940
Registered
1940
Leh V Ter Ry Istgu g 581941
Registered
1941
L V Coal Co lit gn g 5i. 1933
.
RegUtered
Leh A N Y
74«
71
2-iSO
5894
75
S««
S«« St
lit
1933
gn g
4i. ..1945
Reglitered
1945
Bl C A N lit g Ist pf68.1914
Gold guar 5s
1914
R. SeeCenof N J..
A Wllkesb. See Cent NJ
Leroy A Caney Vai. S«eMoP.
Lex Ay A P F.
L
105
104
M-N
J
I
-J
-J
116)4181)4
120)4
120)4
111
J'ly'99
03)4 J'ly'99
ll3)i
103)4 111
109
100
Ang'98
losi^ ni)4
107)4 107)4
•109)4 110)4 109»4 Ang'99
107)4
107)4
113)4
114)^
114)6
A-O
A-O
J-J
J -J
M-S
M-8
A-O
US
'09HJ'ly'«7
Aug'99
101
98
91)4
A
Feb
96
91)4
'99
114)^
101
93
9994 10 Ik
ioi" Aug'99
See
Met
St Ry.
RAM Istg Ss 1937 Trotfs.
1st con g 48
1931
General gold 48
1938
Ferry 1st gold 4)48. ...1922
Gold 4s
1932
Debenture gold Ss.
1934
M
120
108)4
122
mU
181)4
18 100)4 106)4
103$i
180)4 184
10
lOOH 107
100 110
101
101
Mar '98
SO
49
Aug'99
77
87)4
02
(Given at foot op
tiaa Secnrltlea.
Wayne (Ind)— 8to;k
1st 68 1925
JjfcJ
Bid
Fort
76
108
1st 5s 1915
FAA 104
Hartford (Ct) GaaL...25 t 43
Indiana Nat A 111 Gas— Stk
48
I8t6sl908
MAN 68
Indianapolis Gas Stock. 107
1st 6b 1920
MAN 105
Jersey City Gas Light
208
Laclede Gas— N Y Stock Bxch.
Lafayette (Ind) Gas— Stk
—
lit 6i
1924
MAN
'W
7
Ask.
65
79
108
106
62
73
115
107
312
65
88
J'ly '99
98"
ioa**
J'ly'99
99
101
100
Jan.'99
100
100
107*' JaDl'99
107"
1*07'
100)4 Apr'99
100)4 100)4
119)4
M-S
110
95
La
General gold 48
1943
Lou A Nash—Cece) Br 7sl907
M-8
M-e
^
58
63
•
9
5
107
Istg 6r ..,.1930 J -J •129
8d gold 6s
1930 J -J •118
....
BHANash Istg 6*... 1919 J-D 113)4 ....
General gold 6s
1980 J-D 116)4 117«
Pensaoola dlv gold 6i.l920 M-S 113
BtL dlv Istg 6b
1921 M-8 128
SdgSs
1980 M-S
65
KaihADeolst78
1900 J-J
Slnkfd(8AA)g 6i....l910 A-O
OAN Aoongng58....1936 F-A •107)4100
Gold 5
1937 M-N 109
Unified g48
1940 J-J
99^ 8ale
«eg)!.terpd
1940 J J
99
NOAM
98
87)4
184)4
97)4
100
Nor Shb Isteon ggn5i..'33
N Y Bay Ex R 1 st gu g 58'43
Montank Ex gn g Bs. ..1945 J -J
A Mo RIv. See Chi A Alt
LBAStLConongSs Tr certs
33
120
100
101
t%
1911
37)4 Aug'99
124)4 J'ly '99
40
36
124
104
• 98
•101
J5
N YARBlstg68....1927 M-8
2d Income
1927
N Y B A M B cong 5S..1935
Bklyn A Mon lit g 6s. 1911 M-S
1st 6s
98M
Grand Rapids— Stock
88
JAJ «105)4
1932
Oonsolld Gas (N
91)4
i'oi" il2)i
J'ly'99
182V4 Aug'99
106
1059^
107)4 J'ly'99
101 Mar'99
Sale
OUTSIDE SECURITIES
mty
106
M-S
M-8
A-O
A-O
M-N
M-N
these are lattst bid and asked this week, t Bonds due August. tDuaApTil. IDueJanuary.
;
100" ios"
106
. . . .
iioU
rAInllstoongng 6s.. 1926 J -J
Fargo A So. SMChMAStP..
Flint A Pere M g Os. ..1920 A-O 188
106)4
20 101
lOlJi
'07)-4'
- J
.1
Lou« Dock. 8e«Brle.
Long isl'd— Ist con g 5i.l931 g-
1937
1940
Terminal Ist g 5s.... 1943
Regis 95,000 eaoh .1943
W
W
106
111)4 iie?i
F-A
92M Aag"..>8
F-A V8]^ Sale 98H
98^
M-N U2H
lllJi J'ly'99
M-N
WllkABa8l8tgag5Bl943 J-D 106
106H Aug'99
Mid RRofNJ Istg 6b1910 A-O
124
182 J'ly'99
BflOanALSnp. SmCANW.
Bnreka Springs Istg 68.1933 F-A
65 NOT'97
con
tATH Ist gold6s.. ...1921 J-J 103^ 124^ 135?< J'ne'99
123
general
5s.... 1942 A-O
lit
Sale 102>i
103)4
1923 A-O
Mt Vernon 1st 6s
BanU CoBr'ch lBtg58..1930 A-O
adgoid4UB
General gSB
May'99
99H
ijeh
108
.
Pt 8 A V B Bge. See StLASF.
Port St U DCo Istg 4^81941
Ft
A D C— 1st g 4-68. 1921
Ft
A Rio Or Ist g 3-48.1928
102
103
104
Gold 3)4s
Leh A Hud
-J
M-N
Istoonsolgold 5b
1939
Pt Huron DIT Istg 58.1939
ria Cen A Pen 1st g 5s. .1918
1st land gr ext gold 5f.l930
1943
Consol gold 5s
101
SeeNYCent.
LehVal(Pa) ooUgSs .1997 >I-N
1
lErle 1 It
T-J
(-J
A-O
M-N
L8AM8.
121
Aug'99
Dec 98
101
W
lilM116
J
105
106
Kansas Mid.
LA8f
Kentucky Cent. SmLAN.
Keok A Des M. Se« C H I A P.
KnoxTille A Ohio. See 80 Ky.
Lake.ErleA
1st gSs. 1937 J -J
2d gold Ss
1941 J -J
North Ohio 1st gn 5s.. 1945 A-O
92M Feb.'e9
114H J'ly'9P
Dock A Imp iBt oar68.1913
H Y AOreenLgtig58.1946
1951
KCPAG IstAcolg
70
112
116
>d ext gold 4U8
4th ext gold 5s
A-O
A-O
J-J7
J-J
Lo¥).Eiah
an A Mioh. See Tol A O C.
KCAMRABl8tgng5s.l929
I07ii 108
Aub'99
Aug'99
WeeJ^s
A$k. Low. High.
Bid.
Registered
1951
Trust gold 48
1952
Registered
1952
L N A Tex gold 48 1953
Registered
.1953
Colltr 2-10 gold 48. ...1904 J -J
Registered
1904 J -J
Western Line Istg 4s.l951 F-A
Registered
1951 F-A
Louisville DIv g 3)48 .1953 J-J
Registered
1953 J-J
8t Louis Div g 38
1951 J-J
Registered
1951 J-J
Kan C A Paa
90
68
110
Sd lien mortgage 6b. ..1916 J -J
Snl Red
A S Ist g 5s. 1928 J -J
Dal 8o Shore A At g 5b. 1937 J -J
Minn. SeeStPMAM.
Eaatof
aatTYaAOa. SM.SoRy.
tdextgold 58
Jan.l
.
90
J -J
J -J
J
Last Sale.
StLSou I8tgug4i...l931 M-S
Carb A 8 litg 48
1932 M-8 100
IndBlAW. S««CCCA8tL.
Ind Deo A W 1st g 5s. ..1935 J-J 104
Ind DIA la Ist ref g 58.. 1948 K-O
Int AGt No 1st gold 68.1919 M-N •124
May'98
92
182
114^ 117H
150^ 153
180H May'99
Aicg. 18.
LAN
8ep.'98
11 6>» J'ne'99
'
146H
138
117
J'ne'99
111
143
May'97
124« laOX Apr'99
ii5Ji iieji
144
108)ii
121H 118H Apr'99
108^ 108!^ J'ne'99
123
M-8
A-O
A-O
A-O
A-O
12im34!^
143J4 J'ly'99
140
Ocl.'9^
133 J'ly'99
Range
ainm
.1951
1951
Coll
126«126i<
126!,4
D*lAHDdl8tPaDlv7s.l917 M-S 145
1917
11) A Sislstcongn 781906
Registered
1906
eold 68
1906
1906
Registered
BensASar lst78
1921
Registered
1921
D $\ Rlr RR Bge. See Pa RR.
DjnConTr Co I8tg5g..l933
Den Tram Co con g 68. 1 9 1
Met Ry Co Ist ga g 6b.1911
lt«n A ROr Ist gold 7s. .1900
Istcong 4b
1936
Ist con g4^8
1936
ImproTemeut gold 5s. 1928
!>«• M A Ft D. Sm C R A 1 P.
.
Registered
69
76
90
85H
Range or
-J
-J
.....1951 J -J
Registered
1st gold 3>4s
134M
142 J'ne'99
107
8ep.'98
108ii J'ne'99
124
F-A
M-N
A-O
Reglst«red
W
HonsATexCen. SwSoPCo.
loeji
62
7C
86M 86M
J -J
HTLack AW
HV
Houst E A
A-O
DakAOtSo. S««CMA8tP.
alias A Waco. See M K&T.
.t
con g 4)^8.1999
1999
Ist ext g 48.1948
T 1st g 58.1933
lit gold Ss sterling. ...1951
J-J
- J
F-A
Price
Friday,
Sec 80 Pac Co.
See Pa Co.
let
Registered
I3i}i 1371.^
108MFeb'99
108^ J'ly'99
106
VG&. Nor.
Sm C B A Q
Han A St J. See NYNH&H.
oneatonlc.
33
135H
Su 80 Ry.
Paclflo.
373
2.
Grand Rap A Ind.
88)i
33
108)^110
A-0
A-O
N4W
8SM
85
7
16
HAH
Georgia
118H
103H 103H
103)4 Apr'99
n*
Apr
.
.
104
Page
(5 pages)
BONDS.
W.Y. STOCK EXCHANGE
Week Ending Aug. 18. 4«
Low. High
nigh.
PEICES
Due
50
106
Not'97
131), Aug'99
181)4 J'ly'W9
..
113
J'ly'99
..
lix
109
185
Aug'99
..
J ly '99
..
Dee'98
10
..
18994 133)4
6794 J'ly '99
••
Nov'98
117
113
116
107
6794
188
118)4
121
109
6794
..
107
106)4 109)4
107)4 110)4
45
941P4 100)4
108)4 Aug'99
J'ly'99
9996
99J4
109
October. IDueJuly.
a Optional.
consecutive vaqes).—QAS
SECURITIES,
Gaa Secnrltlea.
Bid. Ask.
Loganspt A Wab Val— Stk
48
52
lst6« 1926 ..
JAD 67
70
Madison (Wis) Gas— Stck
83
78
1st 6s 1936
AAO no7 111
Ohio A Indiana— Stock...
48
52
1st 6b 1926
70
JAD 67
Peoples Gas A Coke— N Y Stock Bxch
Philadelphia Co See Bos ton L 1st.
8t Joseph (Mo)
48
49
Ss 1937
93
95
JAJ
St Paul Gas— Stock
66
68
Consol Ss 1944
91
.MAS i 88
Syraense Ga*— Stock
6
18
Gaa
. . .
73
6
J'ly'99
6
Secnrltlea.
Syr'seGaa
i»l at
'46,J*J
dtc
Bid.
Aik.
80
lOOX
100
Western Gas Mil W)
58— Sm N Y St Ex list.
Teles, dt Teleph.
American Di»i Tele— NY Stock Bxob
(
American Tel A Cab— NY Stock Hzeh
116
Antral A South Amer.... 118
77)4 79
3hes A Poto Teleph— 8U
104
.•.««t
Bond Ss
18«
184
Commercial Cable
118
'ommer Union Tel (NT).
78
80
Bmplre ABay State Tel..
{And
Interest.
tPrloe Dsr sh ti»
THE CHRONICLE -BONJ
374
Wbek Ending Aug.
^Q
A-O
100
noM
Atl lst«tig68.1921 F1931 M-N
L&N&M&Mlstg 4^8-1945 M-S
..1937 F1987 J-J
LOln&Lexg 4i^8....193l M-N
KAJeffBgeCo gag4g.l945 M-S
L N A A C. SeeCl&lj.
LonU Ry Co Istoon g5s.l930 J-J
MahonCoal. SeeLS&MS.
anhattan Ry oon 4s. 1990 A-0
MetTopol Bl 1st g 6i. .1908 J-J
adds
1899 M-N
Man 8 W Colonli g 5s. 1934 J-D
Market StCRy lBtges.1913 J -J
MoK'ptiBV. SeePMoK&Y
Metropolitan El. SeeManRj.
Met 8t Ry gen c tr g 58. 1997 F-A
NFla&SlstgngSs
.
18.
Last Sale.
Low. High.
.
Jan.
1.
97^
. .
112
111
108
108
Aug'99
106>i
91
llOH
QIH
96}^
98M
98
109!.^
H8
123
.
101
113
110
108
98
95
116
Aug'99
102M lOij^J'iy'sa
11294
1215^
lOOJfi
1091^
102%
. .
.
Registered
120% Aug'99
•120J< 121
135J4
1943
Mex Oentoon gold 4f... 1911 J-J
1st oon income g3s...l939
Id oon income g Si
193i
qnipAoollg Ss
Mex Intematlston g
Mex Nat Ist gold 6s
^r.
4g.'T7
1927
78
21M
12«
J'lyt
, , , ,
A-O
M-S
J-D
bl%
13
78K
21«
12^
78«
Sale
875<
1235i 127
124
%1%
79
22
8d Ino 68 A Op etmpd. 1917 M-8t
8d Income gold 6s B..1917 An.*
Ist gold 6s.. 1910 J-D
Registered
1910 J-D
MlohCent. SeeNYCent.
1
145
18M 409
67
97
127%
68M 78«
16^ 25H
m
145i
84H
889i
li" "14"
Apr '99
Feb '97
14
Mex North
of N J. Se«NYSus&W
MU El Ry 4 L SO-yr g 5s 1926
L B & W. See Chic 4 N
.
W
Mil 4 Mad. See Chic & N W
MU & North. See Ch M & St P
MU A St P. See Ch M & St P
Mln & 8t L gn. Sm B C R &
Minn & 8t L— Istg 7s ..1927
.
'
Paoiflo ex 1st gold 6s .1921
Ist CODS gold Ss
1934
Ist and refund. 4s.... 1949
1st 58st 4siiitgu..'36
M &P
M88M&A
Istg 4slntga.'26
MStPASSM oong 4s intga'38
Minn StRy 1st oong 58.1919
Minn Un. See St P M & M.
F-A
Mo Kan & Tex— Istg 4s. 1990
Sd gold 4s
1990
1st exten gold Ss
1944
MK&Tof Tl8tgng5s.'42
KO &Pac Istg 48.... 1990
Dal&Wa Istgng 58.1940
BooneTBdf^Cogag 78. .'06
Tebr Neosho Ist 7s. 1903
MoKsE Istgng 5s... 194^
Mo Pao— lit oong 6i...l920
8d7i
19ue
-==
Truitg 3i
103% 105%
106M Feb.'99
R of Mo
J-D 150
J-D
J-D
A-0
M-N 115^
M-S 99
J-J
Genoonry AldgrtgSs'Sl
Qenconstampgtdg 58'31
MiiiRivBdge. See Chic & Alt
MobABirm
SmaU
1945
Mob & Ohio new gold
68. .'27
lit extension gold 6s. 1927
General gold 4s
1 938
See
Apr'99
M-S
2d 6s
litcongold 5s
1901
1928
Jlit6BT&Pb
1917
lit68McMMW4A1.1917
lit gold 68 Jasper Boh.1923
Nash Flor & Shef. SeeL&N
Deo '98
U6
88«
2
116
99
45
99%
96^
107
Sale
100% 116
95%
lOOJ^ Sale
96H lie
107% Aug'99
113H 111% J*ly'99
111
106
127
106%
113%
111%
'
129!4
86%
Saie
J'ly'99
J'ly'99
114
J'ly'99
88
87%
8tP
106% 106%
107%
105
S3 105
110
125
117
18
J'ly'99
col g Siia.lOOS
Registered
*
No prloe Friday;
1998
Auk'99
106X Not'97
•••<
••••
183% 188
128%
•
••••««
Apr'99
Aug'98
118
118
123
183
J'ly'99
133
183
1209^
183
••
1
123 133
10894 lO'Ji
10394 106%
J'ne'99
10394 Aug'99
10S9i J'ly'99
118 J'ly'99
114% J'ne'99
1099i
10994
•114^
114% 117%
114^116%
14
118^
106
106
111
J -J
A-O
J-J
107%
107%
105%
Mar'99
115
115
108
J -J
*1079i
•106
107%
107% 1C6%
M-N
M-N
J -J
J-J
110
109%
1034
Sep.'97
J'ne'99
111
1001^ Sale
104HFeb.'99
108 Aug'9«
102H Aug'99
110% 110?
112% Apr '9
100%
999^
100
Bid. Ask.
Boato nList
49
50
118%
116
New River
1931
Ist g 68.... 1932
"67%
t
MUUng
Co....
Ask.
93
95
Stock Bxch
8
96
119
May'99
J'ly '99
90
113
110% 108%
J'ly'99
107% 108%
J'ne'99
130
185
136
132% 138
Nov'98
17% Aug'98
101
Feb '97
100
Aug'99
1
gug5s....l922 J -J
El8tgug4B.1989 M-N •100
Ry Istoong 4i. 1996 A-O 95% Sale
9494
96% 101
96
8ft%
38
«5%
95%
A-O
A-O
J'ne'99
J
D
A
103
103
95% 96%
Jan.'98
82% so" Ang'99
119% Aug'99
10194 8ale
*
113
96
77
101
114
100% 106
128 183%
121 181
10194
130
129
129
121 Mar'99
loa May'97
113% 113
113%
93
96%
9BVJ
Sale
77
104%104lfl 104%
39 108 116
97
86
6
93 66% 77
T
•114
Due May.
Electric CompaniesBast End Electric Light.
Electro- Pneumatic Trans
Fort Wayne Biec. Co.. 36
178
46
20
15
Bxoh
Hxob
13
A
1159f J'ly'99
11394 Mar'99
103
...
118
.,
,
Nov'98
J'ly'99
J'ne'99
113%
,
113
107
114%
1%
8%
40.
8o.
—
96
186
117
100
H8
114
119
Nov'98
Deo '98
sales.
J ELEGTRIGy
Electrle 0« >«• lea.
cLtOo.
To'-onto(0«n
Th )m HoustV^ t> .Tji Co.
D nic^ Kiec Lt A P Co f ref
Bondd,,,..,
Woonsooket ;R
Bid.
18
I
T^
dko
148
>
General Eleotrio Oc— N Y Stock Exoh
Do pref. See Boston L ist.
138
Hartford (Ct) ElecLt Co. 138
8
Hartfd(Ct) Lt&PowCo26 t 6
28
Electric
86
Mo Bdtaon
69
Do preferred. .,....,,... 67
Narragau. (ProvlEICo.SO
New Hav (Ct) Eleo Lt Co
Rhode Island Bleo Pro Co.
114% 118
113« 116%
Due Nor. a Tbese are option
Ask.
108
••••t ••ttflt
Due June,
i
103
10494
•105
J-J
J-J
M-S
O 117%
A-O •U7%
M-N 113
M-N 107
11
85
65
110
124
1921
Otd3%sooltrustreg.l937
P O A St L oon gu g 4%b—
SerieiA
1940
Series Bgnar
1942
1942
Series Cgnar
SerieiD 4b guar
1945
Due Jan.
Electric Companlea.
BdlsoD Ore
10196 106J4
4 102
103%
66%
67% 268 66% 70
65% 66%
J'ne'99
66%
Sale:
Is
ef8ubsidyg6s
Peon Co gu 1st g 4%i... 1931
108
t Dm* Jan.
NY—
132
132
J'ly'99
10396 141
95
M-N
A-0
J-D
A-O
1910 M-N
99% 103
Electric Mfg C0..25 t 13%
Edison Bl III Co
N Y Stock
Edison Bl 111 Co Brk— N Y Stock
103V
103%
VAN
Series
Eddy
132
"
Saie
112
116%
ImprvmtAext g6i...l934 F-A
OC AT
114% 180
131% 131%
W
111% 118%
Allegheny Co Light Co... 168
Brush lilectric Co
44
Br'dgprt (Ct) Bl Lt Co.25 t 47
Consol Electric Storage..
10
106'^
118
J'ly'99
134% 131% May'99
M
A Cal. See 80 Pao Co.
OreRyANavlitifg 68.1909
Ore RR A Nav oon g 4i. 1946
Bonds
90
Hudson River Telephone 114 il6
Intematlon Ocean
116
....
215 820
Mexican Tel egraph
Mexican Telephone— See Bosto nllst.
Kew Bng Telep— See Boat on list
Northwestern Telegraph. 116
NY
J Telephone.... 194
68 1920
MAN 113 115
80
Paoiflo A Atlantic...
75
108
118
OIndAW. SeeOCCAStL.
hlo A Miss. Set B&O SW.
Ohio River RR 1st g 5s..l936
-D
General gold Ss.
1937 -0
iom Om AStL Istg 4s
1901 -J
17 110% 113%
Y
116
119% Apr'99
133
Q-F
Q-J 103%
.
Registered
Bid.
181%
113
16
191
184
133
11794
133
106% 10694
101% Nov'9»
1069^
(GivEif at poot op 7 oonsboutive pages).— r.^^.
Teleir- <fe Trtlrph.
Southern A Atlantic
WOBt'n Dnlon Teleg— N
178
179
133
Apr'99
1329^
107?^
1029i 10894
98
106%
;-Si
General lien g Ss
Registered
130% Noifolk A Western—
Oen g 68
123
103
Aug'99
113
J -J
1931 J -J
.
103% 106
"62
106% 106%
11794 J'ly '99
113 J'ly'99
11794
:-8i
Oiwego A Rome. See N Y C
117% O O F A St P. See C A N
117% PaoCoastCo— Ist g 58.1946
so of Missouri. See Mo Pao
107% 118M
118% 118% Pinama Istsfg 4%8....1917
Aug'99
118%Jan.'09
184
133
RRALGif gei.'31
112
112
J'ne'99
10594 108
108
J'ly'99
104% O0t.'9'?
187% Aug'99
.
Ang'99
Jan.'98
8494
...
189
Ore Short Line Istg 6i. 1922
Utah A Nor lit 7i
1908
J
Gold Ss
1926 J-J
ShL— Istoong 68...1946 J-J
Ore
Non-oum ino A Ss
1946 8ep.#
Non-ou ino B A col tr. .1946 Oct.t
112
112
109
108
126% Jan.'98
Ore
-J »114
-J *114
118%
109
103
106%Feb.'98
-J
3047
Ft
8047 Q-Ft
11496
Wash Cent 1st g 4b. 1948
111%
Nor Pao Ter Co 1st g 68.1933
-J
Nor Ry Cal. See Cent Pao.
Nor Wis. SeeCStPMAO.
Nor A South Istg 6s.... 1941 M-N
82% 88%
106 108%
131
131
OUTSIDE SECURITIES
AN
Jl
I D
•
113
107
• • •
AN P gen g 6s... 1923 F-A
NAW
these are latest bid and aikedthla week,
Telear. ds Trinph.
Brie Teleg A Telep.— ice
Franklin
eold A Stock
Ist
Registered ctfs
1923
Prior lien r A 1 g g 4i..l997
Registered
1997
Solo
N Y B & Man Boh. See L I.
N Y Bay Biten RR. See L I.
M Y Cent &HR— Ist 7i.l903 J -J
Registered
1903 J -J 112
Debenture Ssof .1884-1904 M-S 109
Registered ... .1884-1904 M-S 106«
Reg deb Ss of ...1889-1904 M-S 106^
Debenture g4i.. 1890-1905 J-D •102i4
Registered
1890-1905 J-D 102
Debt oerts ext g 4i....l905 M-N 102
Regiitered
1905 M-N •102
Lake Shore
J'ly'98
NW
Registered
109
111% 115
J'ly'99
12194 J'ne'99
86%
Gen
106
127%
108^
-J 180^
J-J
J-J
F-A
F-A
J'ne'98
128%
Illinois. SeeOhl A
North Ohio. See L Brie A W.
9S% Northern Paoiflo—
NIO &N B prior lien g 68. 1915 A-01
1997
1997
1931
1940
1940
Registered
1996
Small
1996
Nor A Mont. SeeN.Y.Cent.
J
110% 11794
IISM
1099i
J-D
Gold 3%8
j-r •io99i iioM
111 Apr'99
Regiitered
J-D
Cin&SlitgL8&MS7i'01 A-0
108% Deo'97
KA&OR Ist go 58.1938 J-J
Mahon C'l RR 1st 5s.l934 J-J 128%
121 Oct.'98
Mich Centrist oon 7sl902 M-N 110%,
1109g Aug'99
lit oon 5i
103 May'99
1902 M-N
61
123 Feb.'98
1909 M-g
ei
121% J'ne'98
1931 M-f •120
Registered
91% 100% North
NewiCinBdge. SeePennCo
Registered
188%
NYANB. SeeNYNHAH
NswH&D. SeeNYNH&H
N J June RR. See N Y Cent.
N J Southern. See Cent N J.
Q3Hs
1900
1903
1903
1997
1997
Registered
Con80l2d7i
150
185
127
B&
Mont Cent. See St P M <k M.
Montaok Bxt. See Long Is.
Morgan's La &T. SeeSPCo.
Morris & Essex. SeeDelL&W
NaihChat&8tLlit7i.'13
10
114%
Aug'99
Nov'98
•
N Y & Put Istcongu g 48.'93 A-O
N Y&North Istg Ss.. 1927 A-O
BatC&8tlstgug3g.'89 J-D
N Y Chic & StL litg 41.1937 A-O
Regiitered
1937 A-O
N Y A Qreenw Lake. See Brie
NY&Har. SeeNYOAHud.
110% 116
98
99% N Y Lack AW. See D L A W
N Y L E A W. See Erie.
146
131
127
J'ly'99
Jan.'99
-J
-J
-J
MontgomDlv Istg 5s. 1947 F-A
6tL& Cairo gug 48.. 1931 J -J
Mohawk & Mai. See N Y O & B
Mouongahela Riv.
,
Sale
A-0 Il39i8ale
A-O n3H
D
Q-J*
106%
103
May'97
95
Lake Shore & Mich South—
Det Mon & Tol 1st 7sl906 F-A
Lake Shore con Ist7sl900 -J
.
prior lteng58.'4S
Income gold 4s
10394 108
104
J'ne'99
114
108
106
.
ex g 4s. '38
Sd extended noli Ss. 1938
Verd V I A
iBtg 58.. '26
May'99
114% 114%
.
Registered
150
121
127
128
-J
Ist
102%
97% 100
98
100
100
104
104
103
Oswe & R 2d gu g 5s. 1916 F-A! •111
UticaA BlkRlvgug 48. '22 J-J
Moh A Mai Ist gu g48.1991 M-8
Cart* Ad Istgu g 4s. 1981 J-D
NYNHAHart l8treg48.'03
J-J
Convert deb certs $1,000
J-J
Small certfsflOO
61
Honsatonlc R con g Ss. 1 93*7
J-D 94 Sale 93
94
91M 96
847 6SW 71
N H A Derby con Si. .1918
F-Ali
70
68M Sale 68-%
296
NYANBlit7i
M-N 95 Sale 89
95
1905
82
96
lit 6i
M-S 94^ Sale 91% 9iH SS 86 9iH
1905
F-A 76
80
79 J'ly'99 "
75% 82 N Y A North. See N Y O A H.
8
M-N eSH Sale 95
86
95%
96% N T O A W. Bef lit g 4il992
RegU 96,000 only... 1992
M-N
N Y A Put. See N T C A H.
J-D
A-O 105ii Sale 105% 1053;^ 3 101% 107% N Y A R B. See Long liL
M-N llS^Sale 118
118M 85 10854 1319, N Y 8 A W. See Brie.
N Y Tex A M. See 80 Pao Co.
M-N 115
lie J'ly'99
114
117
F-A
J-J
W
M-S
Iieroy&CVALl8tg6s'26 J-J
Btii « I Mt 1 it ext g 4^8.'47 F-AS
Sdextg 6s
1947 M-N
Pao
100% 100
104
104
Bltum Coal Corp
Istsf lntgug48 8erA.'40 J-J
Small bonds series B. .'40 J-J
Qfluv St Oswe Ist gu g 58.'42 J-D
&Ogcon l8text5s.'22 A-0«
Nor & Mont Ist gu g 58.'16 A-O
Regiitered
1917 M-3t
1917 M-8t
1920 F-A
1920 F-A
Registered
lit ooll gold 6s
Registered
Low.HigK,
Clearfield
*•
J
Atk Low. High
.
isi
Iowa ex 1st gold 7s... 1909
South West ei 1 at g 78 1
eiviee
1.
Jan.
,
Mid
M
Registered
1998 F-A
1st 7i
1900 M->'
Registered
1900 M-N
N J June B gu lit 4i 1 986 F-A
Registered
198fi F-A
West Shore Ist 4s gu. 2361 J -J
Registered
2361 J-.1
Beech Crk Ist gu g 4i.l936 J-J
Registered
1936 J-J
2d gu gold 5i
1936 J-J
Registered
1986 J-J
R W&OTRl8tgug58.18 M-N
118!m24
tai
Latt Sale.
Bai%ge
(Con.)
RW
J-D •122%
122^
1229i
J-D
OoI&9UiATlitgug3i.l993 M-g 126M
J'ly'99
126>i
Registered
1993 M-S
LexAT&PFlstgng5s.'93 M-S 126^ i27H \iY% J'iy"'99
Registered
M-S
Bway&7thATlsto g 5s. 1943
Aug. 18.
Harlem
Mar'98
109
Week's
Range or
Mich Cent ooU g 3%8..1998 F-A •100
100
Aug'P9
J'ly'99
Jan.'99
Jan.'98
97?i J')y'99
110
Pnet
Bid.
N YCent
[Vol. LXIX.
3.
Friday,
Loto.High.
100
113
108
108
98« 98
103
Page
(5 pages)
BONDS.
21
N.Y. STOCK EXCHANGE
Week Ending Aug. 18.
108^
Sale
108}4 110
trust g 58
JSentaoky Cent g 4i
since
A.tk.
Bid.
(Con.)
Col tr 5-20 g 4s ....1903-lH
Pen8&
Range
18.
Lou & Nash
OoU
Week't
Range or
Price
Fridav.
BONDS
P.r.8TO0K EXCHANGE
PEICES
96M
Ei Co..
Brooklyn Ferry-Stock
Bonds
..
58
I
N J A N Y Ferrv— Stock.
IstSs 1948
lAna
interest.
18
97%
104
106
38
96
108
110
Kerry Companlea.
Metropolitan Ferry— 6s..
Ask.
144
100
39
96%
JAJ {lis" 116
tPrtce per Bb are
I
Aug.
19,
1899
THE CHRONICLE -BOND
]
BONDS.
Price
Friday,
Aug. 18.
M.T.BTOOK EXCHANGE ST
Wbbs Bndimq
Range or
Ltul Sale.
>-.2
AUG.
Ft
Jan.
1.
105?< Apr'99
Mar'99
A-O
A-O
108
121
108
121
112« Apr'97
M-N
108
Apr '99
J -J
121
J'ly'99
13W
J'ne'99
102
May'97
99V<
94H
20
Apr'99
100«
J'ly'99
137
98H
Deo '98
126
loaji
99
99ii
J'ly'99
reor Hen g 4-Ss.l938
Registered
1938
AtaCenR Istg 68. ...1918
Atl 4 Ch Air Line Inc. 1900
Col 4 Greeny let 6-68.1916
101
97
Noy'97
Pitts ClnA St L. SeePennCo
P
& St L. Su Penn Co.
PlttfCleviTol 1st g68.. 1922 A-O
PlttsiOonnellsv. See B 4 0.
PlttfFtWACh. See Penn Oo
1922 J-J
Pltti Janolstgds
Pitts* L Brie— 2d g 5s .1928 A-01
Pitts MoK & To— Istgu 68.'32 J-J 143^1$
126
100
J-J
J-J
J-J
A-O
J-J
J-J
J P M & Co certfs
PltU Y & Ashlstoon58l927 M-N
Reading Co gen g 4s... 1997 J -J
Registered
1997 J -J
Rensselaer A r-ar. See D * U.
Bloh A Dan. See Sonth Ry.
Bio Or West 1st g 48. .1939 J-J
lOOJ-J
Nov'98
121
90
118
98
J'ne'99
90
113
J'ly '99
99H
83)^ 202
J'iy'9w
98
88
J'ne'99
104
May'99
(00
88!^ Sale
98
931^
16
98^
8314
83}i
90
116
8
86>2
89>«
..1906
114
114
114
1906
1906
0..1919
1931
1931
1987
100
M-N
95
S5i^
J'ly'99
10
82
98
J-J
F-A 119
1917 A-O 113
8d6s
1968 J-D
99^
Ist CO K 4s
etPanlM 4M 2d 6s. ...1909 A-O »121J«
121
Dakota ext gold 68.... 1910 M-N
G-naranteed gold Ss...l9d7
tPaal 4 Dulnth 1st 6s.l931
1938
1933
Reduced to gold 4 !^s 1933
Registered
1933
Wont Ext lstgold4a..l937
1987
Registered
Minn Union lat g Sa. .. 1 922
UontC Istgug 6s.... 1937
R«£rl!t9red
1937
1987
1st sSar gold 5a
1937
Beglatered
EMlatdlylatg5a.,.1908
Reglatered
1908
Nor dly 1st g 4s
1940
Registered
1940
lit oonsol gold 6a
Registered
J-J
J-J
J-J
J-J
J-D
J-D
849<
l;J3i^
...,
...,
Aug'99
108
120
115
Sale
Feb '99
J'ly'99
120
113
99
121
122
nSJ^
99M
122
122
142
99^
J'ne'«9
Aug'99
138H
137H
1
lOeHMar'98
•1045il06
105
105
10 lOV>i
104^ 104 Jan.'99
122^ Jan.'98
•
137
117H
J'ne'99
J'ly'99
W
N B.
111
2dg7s
No price
68.1910
109
Bonds
5s of 1932.
Hoboken— Stock
1st 68
Con. 5s
Bid.
M4N
«
65
98
68
112
94
\129ill2H.
lllHll***
104
4.5%
May'99
56
53% 56«
J'ly'99
125% 13^56
107H
Aug'99
104
106
Dec '98
80
78
92
99
99
88
J'ly'99
115%
14
99
20
105
104)^ Aug'99
Sale
139
105
104^6
106
J'ly'99
1041,4'
106
109% 116%
99
llJ
J-J
J-J
A-O
StChasBrldge Istg6s.l908
Warren RH. See Del L 4
122H Wash 04 W. See Southern
112
W
WestN Y4P»-lStg5s.l937
115
102
116^
116?i 11«
10(%
Sale lOO^i
75
75
Sale
38
Sale
3CM
110
lOU J'ly'99
110 May'99
lOCM
75
88
109
109
l8tgSsDet4ChBxt..l941 J-J
89
88
120
lOOH
104^
102% 109
1045t 10856
21
99
Jan.'99
Apr'99
116
l13
5
75
33
fl<
118
IfS
75
»»%
105H 111
109^113^
108% 118
Deo '97
113
O
32
29
Aug'99
Aug'99
Aug'99
113
68
-J
0«n g3-4s
1943
Income 5a.... April, 1943 Not,
124}^
125k West No Car. Bit South Ry.
64
70%
14M 2«H
146!^
13794
108H
104
W Va 4 Pitts. See B 4 O.
W VaCent&P Istg 68.1911
llOJi llSJi
1079s Aug'99
120
Winona 4 8t P. See 4 N W
Wis Cent Co 1st trg 5s ..1937
no
11 OH Sale
96
110^
Apr'9tf
113
29 104
96
118
58
78
11014
98H
92H Mar*98
J-J
76
25
GAS 4 BLBCTRIC LIGHT BON
J -D
J-J
M-N
ChGL4CCo. SeePG4CCo
Columbus Gas Istg Ss.. 1932 J-J
Con Gas Co. SeePG4CCo.
34
76
Sale
6M
30
Nov'97
76}4
48
3
J'ne'99
lOM
DS.
G L Co 1^ g 5s.l947
Bos U Gas tr ctf s rf g 58 '39
Bklvn U Gas 1st cong5s..'45
1079i
95
lOOJi Oot.'97
Oot.'97
130^ 104H
112
91J6 Oot.*98
Mar'99
112
185V1
11";
100
Detroit City Gas g Ss . , 1 923
Det Gas Co con 1st g Ss. 1918
El El 111 I8tconvg5s..l910
1st con g 5s
1995
BrookTyn Ist g 5s
1940
.
,
104M Feb.'98
Sale
98%
100
101
J'ne'99
112%
120% 124
May'99
111
111
lllH
,
124
111
121
111>6,
A-O
Kings Co El L&Pg58.'37 A-O
Purchase mon 6s. 1997 A-O
9Sii 10256
3
193
95
110
989i Aug'99
112H
116^130
118H Aug'99
119
.
112«
Registered
•108
113Ji J'ne'99
113M tl4
110
110
110
Friday; latest bid and asked this week,
Ferry— Stock.
90
J'ne'99
115
81
.
1905
Ferry Companleg.
117M 120H
J'ly'99
1151.6
.
OUTSIDE SECURITIES
NY4 BR
Feb.'99
J'ly'99
Atlanta
See Nor 4
1926 J-J
Seab 4 Roa 1st 5s
Car Cent lat con g 4b. 1949 J-J
Sod Bay 4 30 1st g 68... 1924 J -J
So Car & Ga. See Southern
Southern Pacific Co—
OalHar4SAl8tg
Aug'99
102« 111«
no 116H
113H 115
68
88
Engraved trust oertlfloates.
Inoome 5b.
1937 A-6t
120
110
Aug'99
South Ry,
Debenture aerlea A.. .1939
SerieaB
1939
97
,
1934
W 1st con g 6s. 1934
104)^
115>4 113
5354
66
55J< 36.
128
127»<
106
108
10691 1 02
Wheeling 4 L B Ist g 5s.l926
Wheel Dly 1st gold 5s.l928
134« 137«
Exten 4 Imp gold 6b. .1930
Wilkes 4 East. Se«NYS4W
iiaji il7J<
WU 4 Sioux F. See St P M 4 M
Apr'97
lllH
1199i
A-O 111«
A-O
A-O
A-O
WU14SFlstg 5s. ...1938 J-D
Registered
1938 J-D
BtP4NorPao. SeeNorPao
t P* S'x Olty. See StP M40
B Fe Pres 4 Ph iBt g 5s.l942 M-S •107
B A 4 A P. See So Pao. Co.
BP4NPlstsf g5s...l919
104
137!^ J'ne'99
116
106
1129< J'ne'99
114^6 May'99
Oot.'9<
Western Pao. See Cent Pac.
W Chlc8t40-yrlstcur58.'28
40-year con g 6s
1936
112i,4ll9H
West Shore. Se« N Y Cent.
142
1379< Feb '99
iiej^ 17
Aug'99
J-J
J-J
J-J
J-J
J-J
J'ne'99
119
103
116
RRCo Istg
Wab2d gold 6a 68.. 1939 M-N
1939 F-A
89
102
40^ 66%
488
66
U2
.
»142
95M 203
64^
too
ise
12656
100
124^ May'99
I'MH J'«e'99
100 Mar'99
125
120
126^ Utah Central. See Rio O W
iian UUh 4 North. See Ore 8 L.
lOOJi 105H Utloa 4 Black R. See NY Cent
Ver Val Ind 4 W. See Mo P.
O0l.'97
95
Sale
Sale
65^
l;iO
109
1081^ 108M 109
116
n5<4
115
115
90
118
A-O 107
J-J 105
J-J
.
W lstg48bdof8.1989
Sdg4slno bond otf 8.. 1989 J-J5
t Paul City Cab. og 58.1937 J-J
104M 105%
114H 118«
122
83 107
Irglnla Mid. See
i-O
.
115
1
1
.
BOttthw Dly let g 5s. 1947
Bt L So. See Illinois Cent.
118«
il9M 124J<
J-D
Iatg68tr.l916
OnlNJRR4CCo. SeePaRR
86^
117
120
A-O 113«
F-A
A-O
1129i 115
124>6 128?i AuK'99
Sale 109H
'-09!^
101 J'ne'99
105
110
J-D
nBl(Chlo) Ist g68..1945
llfciilUH Un Pao— RR 4 g g 4b. 1947
1947
Registered
112^ 115
J'ly'99
J'ly'99
J'ly'99
106
J'ly '99
:30
Ham & Buff sty 43 1946 J-Dt
UlBt«r4Del 1st og 5s. 1928 J-D
Tor
104H 105ii
103^ 112^
106)i 106^
107H 110^
116H 116^
n9>6 Aug-99
Terre Haute Eleo Ry g 6s.'14 Q-J*
Tex 4 N O. See So Pao Co.
91
102M Tex4P Ry B dlv Istg 6s. 1905 M-S
1st gold 5b
2000 J-D
87^ 88H
2d gold Inc. 6b, Deo... 2000 Mch
102^ 104H
Eug trust Co ctf 8
72
74!^
Third Ay lat gold Sa
1 937 J-J
Tol4 0C Istg 5s
1935 J-J
Weet'ndlv 1st g 5a.. ..1935 A-O
General gold Ss
1935 J-D
79M 84^
Kan 4 M Ist gu g 4a. ..1990 A-O
latgold 48.1917 J-J
TolPeo4
TStL4KC
'""2
J-J
LM Bge Tergug 58.1930
St
1091^ 252
N.
W
M-N
M-N
M-N
lit g 6s Pieroe C 4
F-A
e«nera1 gold 68
J-J 124
a«neralgold 5s
J-J 109H
1st trust gold Ss
A-O
rt84VBBdglstg6s.l910 A-O
Kansas Mid ist g 4s. .1937 J-D
BtL48FRRg48....1996 J-J 85
Boloto Val 4
L4
101
1189i J'ne'99
105% J'ne'w9
,
W
See
122
106H 108^
108W
106
90
115
9856,
1927 A-O
So Car 4 Ga Istg 5s.. 1919 M-N
Virginia Mid gen 6s ... 1 936 ;»l-N
Gtd stamped
1936 M-N
1st cy gu 48.1924 F-A
O4
West N C Ist con g 6s.l914 J-J
4 N Ala.
112
6
21
116
-J
stamped
5s
Spok Fall84Nor Istg 68.1939
Stat Isl Ry Ist gu g 4^8.1943
Snnb 4 Lew— See Penn RR,
98 100
98« lOOH Syra Blng 4 N Y. See DL4W.
'Per A of StL Istg 4^8. '39
85M 91« 1- lat congold 58.1894-1944
J'ly'97
J'ne'99
Auic'99
87%
88H
99«
L AST H. See Illinois Cent.
L 4 CaL See Mob 4 Ohio.
L 4 Iron Mount. See M P.
L E C 4 N. See Wabash.
Bt L M Br. See 1' RR A of StL
Bar F 4
lstg5s
J
4 Dan con
W
Bt
8t
Bt
Bt
ItLS
1900
1930
1956
.
102 108M
1O0M116
112)< Aug'97
g 6s .1915 J -J •133
Bquipsinxlundg 58.1909 M-S
Rich
Oct.'98
Deb
Utah Cent Ist gu g 48.1917 A-OH
£10 Or Juno Ist gu g 6s. 1939 J-O 104^
74
1940 J-J
Bio Or So l8tg3-4s
Booh & Pitts. 5ee B R & P.
Borne Wat. 4 Og See NY Cent.
SaltLakeClstgsf 68. '03-13
tJ0&QIl8tg2-3-48..1947
.
. .
100
77H 86
S% Nov'9«
I08H)
110
J-J
Con lat g58
M-N
OaPaoRy 1st g 6b.. ..1922 J -J
Eqox 4 Ohio Ist g 68 1926 J-J
1st 7s.
Divisional g 6s
44
104H 105M Aug'99
Sale
189
36
21
Apr'9«
1O8H
tfO
9?
IISJ^
107M 10-1^
9794 J'ly'99
.
107«
116
.
122
107
112
87^
138
104
i06HMar'9M
lOSJi
108M
J -J
K T Va 4 Ga
.
1934
Sdgnar Os
MoKee A a V 1st g es.l918
1916
PlttsP&Flst gSs
Pitts Sb&L B Ist g 5s.. 1940
1943
1st oonsol gold 58
PltUiWest 1st g 48... 1917
103V^
112?i
1 1
M-8
M-S
J-J
A-O
126
79^
Dec '98
10«M Noy'97
97X
109^
1.
118W
107
111
39
Mar'99
105
79
116
4s..
B Ten
99}^ Sale
9rfH
111
111!^
Ill
May'99
88
88%
IZO^Feb.'b''
J'ly '99
140h, 138
99?< 102
79>i Sale
1937 J-J
8 Pacof N Mex l8tg68.'ll J -.1
Gila VG&N Istgug 58 1924 M-N
South Ry— 1st con g 6s. .1994 J -J
Registered
1994 J-J
Mem Dlv Istg 4-4>^-6sl996 J-J
Registered
1996 J-J
tinee
Jan.
40 100^ 108
'7
....
MN
A4N W lstgugSs.1941 J-J
SP Coast Istgug
115MFeb.'99
10356
Saie
1st 78
1905 F-A
104
Sabine diT lat g 6a. .1912 M-S
1943 J -J 102^ 104
Con gSs
SoPof Argu lstg6s.'09-10 J-Ji; 1131^ Sale
SPof Cal Istg 6s. '05-12 A-O •ll(.'H
Ist con guar g 68.. 1937 M-N
no7M
Stamped
1905-37
113M113M
NoT'97
108
Feb., 1921
Sdg4Ma
Pine Creek reg guar 6a.. 1932
BdgoldOs ClassB
td gold 6s Class
1921
Tei4N0
1
103%
88?6 Sale
Oeng48 Intgtd
Range
|3
If
Ask. Low. High. No. Lov.Hiok,
A-O
Morgan'sLa4Tlstg6s.'20 J -J
1918 A-O
let 7s
N Y T 4 Meigu l8tg48.'12 A-O
Ore4Cal Istgtdg 5s. 1927 J-J
S A 4 A Pass Ist gu g 4s. '43 J -J
Cong6slntgtd
133
lllH
1937
1912 A-O 113^
Istg 5slnt gtd
140^ 140^
135
. .
BtL4SF8dg68ClA
Week't
I039i Sale
1389< 141
J'ne'99
.
.
Lcut Bale.
IVI-N
J -J
J -J
Hons 4 T Cist W 4 N 7s.'03
135
A-O
J-J
J-J
J-J
M-8
J-J
M-N
J-J
Q-M1
1919 M-S
Cong 5i
1919
Registered
1943 M-N
Cong 48
01 & Mar Ist gn g 4W8.1 935 M-N
nNJRR4CauKen4s.l944 M-8
DR RR& Bge Istga 48 g.'36 F-A
San & Lewis Ist g 48. 1936 J-J
Ftnaaoola & At. SuLi Nash
rtoDeo&R l8tg68trreo.'20 J -J
Brans Dlv lstg68trreo.'20 M-S
2d g 6s tr reo Ist pd..l926 M-N
P«o ASast. See C O C A St L
1921
l>«0 A Pek Cn litg 68
.
aH&SAM4PlstgSs'31
105^ XQiyi
140^ May'99
141
1912 A-0*
Oengag4^sser'iA.1942
1942
Series B
lie i Pitt ga g S^s B.1940
1940
SenesC
arR&Iezlstgag4^B.1941
1942
AUegh Val Ken gag Is.
N&C Edge gen gug4^B.'45
PaniiRR lit real es g 4s.l9dS
1905
Oonsterhngg Ss
Con oorrenof 6i reg.. .1905
Aug. 18.
Bid.
109M Apr'97
J
W * O lit 7i. 1912 J-J
1912
1932
Itogittered
OfiT A Pitts con s 178.1900
Range or
So P*ciflc Co. (Con.)
A
A
8d7i
C BtL & P Istoon g 51.1932
375
4.
Price
Friday,
3-e
Ask. Low. High. yo. Low. High
Bid.
8(17i
=5
Page
(5 pages)
BONDS.
W.Y. STOCK EXCHANGE
Week Ending Aug. 18.
Hinee
18.
Pennsyl. Co. (Co .)
Plttt Oln & 8t L lit 71.1900
1900
BeglBtered
Pitts
Range
Week't
prices
Feb '99
t
Bonds due June,
t
Due
(Given at foot of
Ask.
70
100
Amalgam'dCopDer(w.
114
96
80
Preferred
fcmer Air Pow of N Y.lOO
Amerlc'n Axe 4 Tool. 100
Amer Bank Note Co... 50
94
M Y 4 S B Trans 4 Ferry 26
91
Bonds 5s of 1906. M4N { 87
10th 4 23d Sts Ferry
70
76
106
1st mort Ss 1919.. .J4D «106
45
47
Union Ferry- Stock
M4N {101% 103
lat 5b 1920
{Buyer pays accrued intere st.
t Price per share.
114
Bid.
— See
Amer. Caramel— Common
Due March.
I1
Due
Jan.
§
74
Due Nov. a These
pages).— J^j^i2i2F
Ask.
Bid.
A8k.
Km Soda Foun —Com .100
Ist preferred
100
47
52
2d preferred
100
9
11
imer Smelt 4 Refl'g— See Stk B xltst.
&.mer Steel Doop See St o ckBx. List.
i^merlcan Surety
50 216
225
Am Typefo'rs- Stock.lOO 60
96
Amer sitrawboard....lOO 2956 30%
i!8%
65
20
48
80
SO
71
StkBx
list
54
98
60
100
100
200
t
Preferred
Press Assoo'n. .100
250
1939 J -J
27
Amer
Amerlaan Screw
1
4s
7 coifSECuTiVB
78% 79H
American Beet Sugar....
Am
July.
cong
96H 97%
1.)
Am Agrlcultur Ctaemica'.
Preferred
Car 4 Foundry
.
Ist
t
81
50
31
81%
?
8
—
Bonds 68
F4A
Amer. Woolen— Com....
Preferred
Amer Wringer
Pref
com... 100
102%
S8
84
104
117
89
85
106
<6
are option sales.
MISCELUS.
Mlecellaneouw. Par.
4.mer Graphophone....io
10
Preferred
\nderson (John) Tob. 100
Asphalt of America
Automatic Vending... 10
100
Barney 4 8m Car
100
Preferred
t
9>i
14
t
2%
22
81
4 Eng Br— See
Phi
14
'!«
16
4
84
84
107
109%
Durh Tob. 25
Company—Com.. 30
t
17
r
of%
50
t
63
8
Preferred
Aak
14%
LllBt.
Ist 68
Blackwell
Bliss
18%
13%
J4J 106
68 1942
Bergn
Bid.
t
10
60)6
66
J
3
.
t
..
.
.
THE CHRONICLE-BOND
376
r'ru:t,
BONDS.
P.Y. STOCK EXCHANGE
WBE& Ending Aug. 18
ig
t
Week's
Friday,
Range or
Aug.
18.
'^^
qG8sLNYlstcong58..'32 M-8
O & Fuel. Se« P O & C Co.
Range
Jan.
109
1.
I20>i
SelnndlnggSs
Registered
108
110
M->
108
Trenton G & El 1 st g 5s. 1949.
Wtitn Gas Co ool tr g 58...'3S
Week Ending Aug.
18.
13')^
106
111
13
131
107
101
131
Deo '98
1099< 118
107i^
lOa^ 1071^
J'ly'99
iim
Aug'99
105
107
104M
m Cot
AjnDk&Imp58. See Can N J
let g 6s. 1916 M-^
Am Spirits iMig Istg 68.1942 J-J 93
3 Car Co
Bar
k'nW&WHl8tg5s.l945 F-A
CahCoalMin. SeeTCI&R.
hlo Jo & StYd col g 58.1915 J-J
107^ 107
105
104H
1875-1900
1884-1900
Registered
Debenture
7s..
.
1884- 1 900
Registered
Ool trust cur 58
1938
MutUnTelsf'd 6s... 1911
Northwestern Tel 78. .'04
Mar'98
87H
107
1
35M 94H
J'ly"'9'j
109KFeb'97
SeeNYCill
OolCA I 1st con g 6s... 1900 F-A
Ool C & I Dev Co gu g 58. 1909 J-J
99H
99
99ii
U
99>^ 10 i
D
.
Conpon off
Ool Fnel Co gen gold 68.1918
M-N
F-A
Q-J
Q-J
F&ICogen sf g58.194S
Oom Cable Co Ist g 4s:..2397
2397
Beglstered
DeBardelC&I. SeeTC&I
Ool
94
93
93
•
105
105
J'ly'99
94M
122
95
86
ICS
V3
Hack Wat Reor
1914
Non-conv deben 58. .. 1 9
Iron Steamboat Co 68... 1901
Int'l Paper Co lit con g 6s.' If^
Jsff & Clear C & II 8t g 58 1 926
1926
adg58
Knlck Ice (Chic) Istg 5s. 1928
Gard Istg Es...l919
Mad Sq
Man Bch H & L gen g 4s. 1 94
T AT IstBf g 58.1918
191^
Registered
Mloh Pen Car Co Ist g 5s. '42
1
FA
J-U
J-D
A-O
M-X
M-N
20
80
110 Jan.'99
95V6Jan.'97
10
17^
110
23Jt
110
I09>j Sale
97"
98'
Aug'97
99
70
Wn
Nat
NT AN J Telgen»r58cy.'20
l6tg63.1910
Jan.'99
99
80
98
99
Apr '97
100
May'97
Aug'99
Carter-Crume— Pref. .100
100
Celluloid Co
Cent America Tr'nsltlOO
Firew'rks—Com.lOO
Cent
65
88
100
57
33
V4
14
lU
70
340
100
100
Common— See St. Ex. list
75
Clark Mile Knd Thr'd.lOU
48
Oonsolld Car Heatlng.lOO
10
Consol Firew'ka-Com.lOO
100
65
Preferred
Smelt & Ref.25 t 27)4
Oon Kan C
20
Consol Rolling Stock. 100
Cont. Tobac. Co— See Stoc k Ex.
81
Oraiups' ah & En Bldg. 100
Diamond Match Co. .100 188
20
Distill. Co. ot Amtrlca..
.
Prtf
59?4
27
45
103
118
Electric Boat
Preferred
Electric Vehicle
Preferred
,
Bppeue t=m & Wlem..l00
Eastman Kodak Co... 100
•
> • *
105
&
W..6teru Trans. 50 t 37)4
Fidelity & Casualty.. .100 250
Fidelity & Dep (Bait).. 50 t207
33
General Carriage Co..
German Am Real Est. 100 3i
Erie
Goodyear 8hoe Machine x49)4
Gorham Mfg Co-Com.lOO
Preterred
100
100
il8H
Great Falls Ice
Havana Commercial..
Preferred
Heck-Joues-J Mill-Pf.lOO
Ist 6s 1922
MAS
170
30
69
Her'g-Hall-Mar(a98t p'd).
Preferred (asst p'd) 100
Hoboken Laud & Imp't
8
15
58
Iliinds Tram
International Elevat.lOO
International Navlg..lOO
Intemat. Paper- Se« St'li
Bonde— See Stock Excb.
Intemat'l Pump Cora
Preferred
—
.
.
Interuat Silver- See Stk.
Do
Do
do
do
Iron Steamboat.
pref.
95
110
lOS
:02
101
Feb '99
103
Aug'99
100
Bxch
lltt.
25
73
Bxcb.
62
bonds. ilOl
5
6i 1901
J4J
John B Stetson— Com.lOO
100
60
75
120
Jonmeay 4 Burnham.100
3
100
25
Preferred
Kent}
9^
1 1
9U
116
102H May'99
102h 108)4
1151^ Aug'99
112U 119
103!4 107J<
110
Jne'99
110
108H 109
108^4 109
coupon
113
recedino.")
coupon
registered
coupon
coupon
111
114
112)4
13014 J'ly'99
13->4
130V<
\SOM 131
1301^ 131
1115i 112H
128
13S
n4)<
130K
lllfS^
U2H
109
lliH
112%
III
Bos
190e
C 48
190(1
100
100
117
106
Currency funding 4s. ..1920
Dislof Columbia— 3-658.1924
Louisiana— New con 48..1914
Small
Missouri— Funding.. .1694-95
Nortn Car— Consol 4b... 1910
Small
68
1919
80 Carolina— 4^s 20-40. 1933
"a
10
111;^
J'ly'90
118
110
lUH
Nov'9>
Apr'9v
108
1089* 110
109)4 109)4
Feb.'9
....
96
108
108
Apr '9.
128
123
104^
113
110
109« Feb.9
101
131
111)4 113>4
113)4
ll25iJ'ne'99
105 Aug'9>108 8ep.'9>
104 Nov'9^
'100
.
109M
108»j
Aug'99
1181^ Aug'99
114
113
Q-F
Q-F
1904
1904
registered
1C8!^
lOlU
99
1C9W
"5 106H
lOdM
108M Aua'96
112>,<
98
91
97
96)4
99
Feb'w
95
J'ly'9P
82)4
95
87
86^
85« 87
"5"'
J'ly'9f-
95
1
!'.".!'.
6
Atch Col A Pac «s tr ctfs.
Atch J Co & West 68 tr ctfs
103
J'ly
Dlstllrs (lWar< ase
Preferred
Knickerb'r Ice(Chlc)-See St Ex
LawyerB' Surety
100 102
63
63
.
W
div Si^s (w. 1.).
B & O So
Cen.P.io.M.3!^8 (when iss'd)
1st mtg (when issued)
104
6
9
62
63
'9i<
StLIM&Sjnew30y4s
8ou.Pac.col.tr. 48
115
ll3!^J'ly'Pi
..
71
64
Mlscellaneona. Par.
Bid
100 145
'so
100
• •
91
100
1
Lorillard (P)— Pref... 100 iie'
16
Madison Square Garden100
Stock
62)4
43
M&N 25
2d 68 1919
14
50
Maine SS
20
75
Merch A Miners' S 3.. 50 t 60
343
Mich-P Car Ist 38'43M&S 105
Minneapolis Brew 1st 78. 105
IOC
Mosler Safe Co
Mouongahela Water. ..25 t 42«
7flH Nat Biscuit— See Stock Ex List.
53
National Casket Co.. .100
Nat'l Gramophone.... 100
36
National Saw— Pref.. 100
National Salt
47
•• ••
Preferred
74
list.
100 150
National Surety
83
National Wall Paper. 100
70
N. E. Elec. Veh.Traus.
9)4
100
30)4
N Y Loan* Imp
50
6n
Biscuit 68 1911.M&8 116
29
New Jer Zinc & Iron. 100 124
47
N Y Air Brake— See N Y S tockE
107
24
N. Y. El.Veh. Transp.lOO
123
50 t 27
Nicholson File Co
76
Nicaragua Construct. 100
5
Otis Elevator Com...
33)^
38^1
93
Preferred
Peck, Stow A Wilcox.. 25 t 33
210
100
Pegamoid, pref
38
37
50 360
Pennsylvania Coal
Penn. Water—Com.... 50 t 5
50
Phil A Wil Steamboat. 50 t 66
100
Pneumatic GunCar'ge.lO t -23
Pratt A Whitn— Com..lOO
180
Preferred
100
50
8CM Pressed Steel Car— See St OCkEx
70
Preferred— See Stock E xch. li
50
Procter A Gamble. ... 1 00 375
99
Preferred
100 IWO
Republic Iron A Steel.
23?*
20
Preferred
73s
R.I. Perkins Horse Sh. 1 00
35
Preferred
100
71
Roy Bak Pow pf
99
5\i
9b
Rubber Goods Mfg....
31)4
105
Preferred
8»»l
list.
Russell A Brwiu
25 t 66
Safety Car Heat A Lt. 1 00 162
26
Schwarzchlld A Sulzb.lOO
39
74
Semet-Solvay deb 58...
101
list.
Simmons U'rdw-Com.lOO 175
Preferred
100 140
67X
102
Singer Mfg Co
100 510
Standard Oil
6)4
100 x464
70
Stan.Dlst. ADis.- See Sto ok Ex.
Stand Und'rg'd Cable. 100 215
SlossIASlst68 1917.FAA 104
Southern Cotton Oil.. .50 t 63
85
Stat Isl R T 1st 68'13AAO 107
2d 5s 1926
JAJ
96
Stiilw-Bierce A Sm-V.lOO
96
List.
Swift A Co
100 108)4
108
iBt 68
1109
, . .
7 coifSECUTivE
ABk
163
• * •
.
117
5
38
105
.
I
I
—
,
,
AAO
Ist 68 1908
Title Guar A Trust.. 100
Preferred
Banka.
'
NY
'Tennessee Copper
Term Wareh— 8tock..l00
Ist 68
Texas A Pacitio Coal. 100
Trenton Pott^Com. .100
Preferred
100
Trow Directory-New. 100
Union Steel A Chain
.
•
.JAJ
90
25
48
75
80
9H
iVs"
130
xcb.
24)4
28
10
35
95
"40'
Bid.
Qu
Broiler »'
Ask.
28
8
55
list.
St.
Hi
uco
23>4
74
"m
H914
32
90)6
156*
42
103
180
145
530
467
List.
98
105
Broadway
109)4
247)4
306
X
. . .
Chemical
4100
Citizens'
147
City
Colonial*
240
2050
45
55
29
69
3100
First
First (St Isl)
14th Street*. 1V5'
191%
Fourth
69)4
Banka.
100
Ist preferred
100
2d preferred
8 Glass- Common..lOO
t
Franklin
Ask.
95
205'
Paclflo*
190
170
Park
500
525"
...
Phenix
Plaza*
Prod Bxch*.
iOO
100
Gansevoort*.
93
1560
115
276'
240
375
160
125
t756
115
130
Garfield
German Am"
German Ex*.
Qermanla*. ..
Greenwich*..
Hamilton*...
Hanover
Hide A L'ath
Home*
Imp A Trad.
5.S6
155
Leather Mf r 210
220
Liberty
730
Lincoln
Manhattan* 246
Market A Ful 2^0
MechanlCB'.. 804
Mecb A Tra*
190
Mercantile
Irving
.
210
800
Qu
otati
270
276)4
\90
Scherm'rh'n* 140
17ih Ward* 105
200
Sprague
26th Ward*.. 140
120
Union*
Wallabout* .. 105
Trust Cos.
N. Y. CITY.
....
Am Dep A L,
Atlantic Tr..
Central Tr'st.
City Trust.
Colonial
Continental
170
196
150
115
i'45"
116
225
200
1980 2016
t386 3S5)4
415
Fifth
Riverside*..
190
Guaranty Tr 650
Int'l.Bkg&Tr tl60
Seaboard
Second
Seventh
Shoe A Le'th
320
Knlck'rO'OK'r 350
350
160
108
230
Manhattan
850
Mercantile
44
Metropolitan 4 20
N Y L I A Tr 1500
N Y Sec A Tr 600
North Amer. 170
Produce Ex. 200 810
Republic
. .
NY* 123
12th Ward*.. 125
23d Ward*... 100
385
Union.
Union Sq*.... 210
West Side*.. 300
335
Western
Yorkvllle*.. 300
130
Broadway*
.
215
190
100
Brooklyn* ...
8th Ward*...
5th Ave*.... 104
330
First
Ger Amer*.. 90
Hamilton*... 106
Kings Co*.... 100
Manufact'rs. 250
Mechanics*.. 218
Mecb A Tra*. 245
>
• I •
Real Est Tr't 300
• •
•
StandardTr't 225
•
t
State Trust.. 425)4
Tr.Co.of Am. :291 294)4
Union Trust. 1400
U 8 Mtg A Tr. 520
«
230
BR'KLFN.
Bedford*
161)4
.
.
110
• • •
Unit. States.. 1820-4
800
130
95
107
360
100
Washington 300
BR'KLYN.
Brooklyn Tr.
Franklin
Hamilton...
Kings Co....
LIsi L ATr.
410
310
261
350
'^52
Manatact'rs. 300
260
Nassau
966'
90
People's...
Willi imsb'iih 290
asterisk (•) are State banks.
Purchaser also pays accrued Interest.
6ale at Stock Exchange or at auction this week.
Banks marked with a
Aik.
375H
Farm Ln ATr 1435
Ave Tr 390
450
130
190
.
325
Brokers
People's*
135
150
New Amst.*. 415
New York Co. 1600
N Y Nat Ex.. 80
New York.., 256
.
%
%
Bid.
.
Mutual*
Nassau*
19th Ward*
85
Ninth
North Amer. 175
Banka.
Nassau
Nat City
North Side*.
175
410
State* .
State of
Gallatin
100
Pal. Car— A'.e fl'k Bxch. list.
Westlngh Air Brake... 50 t217i4 218)^
WisconCentral 48— See St ockBx list.
Bid.
. .
165
6'3)4
26
117
115
123
120
3S)4 34
105
95
lOi
90
24?<
Wagner
29X
Aik.
40
Bid.
gnal-.'iO t
fiO t
Preferred
60
60
Peoples'*
83
100
S Projectile Co
U.S. Pneum.Uor8eColi..l t
.
88
87
f4V4
820
U
11
Oriental*
Columbia*... 160
Commerce... 260
Continental 128
Corn Exch*. 340
East River.. 130
11th Ward*. 160
Fifth Ave*.. 2750 3150
220
Fifth
t
U
Merchants'.
400
Chise
i
Preferred
i'l'o'
7
96H
9^
Union Typewr— Com.lOO
Mt Morns*., 240
Butch'sADr.. 85
180
Central
•
70
75
70
{107«
Metropolis*.
.
6
70)4
20)4
12
7
89)4
lOSM
MISCELUiS
Merch Bxcn. 110
America* .... 440
Am Bxch.... 185
400
Astor
285
Bowery*
Chatham
dc
Brokers^ Qu. otatio ns.
otati
N. Y. CIT f
r4%
Union Switch A S
180
20
395
85k 216
WH
93)4
e5V4
99)4
Mlaoellanpoua* Par.
As
Bid.
96V.
16
84>^
83J^
paq^8).— BANKS
Mlacellaneous. Par.
Susq Coal 68 19U.
45
'42
9d!4 9'H
94H
Due August. aThese are option salei.
T
|
93^
96^
9'»ii
Sale
Sale
93'/^ Sale
iss.
Apr'9i
851^ Aug'9^
iiO)»
9'iA
85M
84^
(wl)
113^130
WiscCea Ist 48 (wl)
* Due May. I Due April.
Bonds due January.
(Given at foot of
Lawyers' Title Ins.
Liberty Silk Mills
Preferred
(when
98
J'ly '91
93^
931^ Sale
85}^ 8aH
100>^ Sale
MetrWSBI(Chlc> ist43l938
,
90
102
100
Preferred
11
119 Aug'99
103)4 J'ne'99
105
Mar'»8
(For daily record »e« seventh vn oe p
100^ ... 101^ J'Iy'99
Virginia fund debt 2-38.1991
Registered
68 deferred certfs
"98" ioi
M-N
MIecellaneoua. Par. Bid. iBk
Bond & Mori Guar... 100 aooM
4i
ma
108
UNLISTED BONDS.
OUTSIDE SECURITIES
Chesebrough Mfg Co. 100
(HB)-lstpref.lOO
1 Oo
2d preferred
I§«
13 101
1
103
50
96
103
109
106^
109
M-N
M-N
M-N
J -J 115«
M-N
J-J
J-J
1918
1918
1907 Q-J1
1907 Q-J+
1925 a- F
1925 Q-F
registered
•No price Friday; these are latest bid and asked this week. TDueJuly
Claflln
108
...
.
Optional Q-
registered
registered
28
38
3s
48
48
48
48
3 58
S 58
10S%113X Tenn— New settlem't 3s
SmaU
109«
lC8li
107
May'«7
103
F-A
N T & OutLand
NoWestu Teleg. See West.Uii.
Peoria Wat Co g 68.. 1889-19 M-N
Procter & Gamb Igt g 68. .'40 J -J
Ohateaugay Ore& Ir 68 '15
Oaes & O Grain Bl— Inc..
108
106
83
22
10l%110«
105J^ J'ly'99
110
111
Sale
1 1 1
27k
M-N
M-N
M-H
Un
Tel Co. See
StarchMf g Col 8tg68'2<t M-N
wpt News S&D D 58.1990 J-J5
Preferred
....
Low E%ih
20
«5
8.5
354
,
111
J-J
Met
Mut Un
20
J-J
M-S
M-N
J -J
A-O
1910
ill Steel Co deb 5s
GOV. SECURITIES.
8.
Class
Class
& H Can. See RR bond.'
M4M Id gr 31^8 8 A.19n A-O
rleT&Tcoltrgsf59...192e J-J
&r Rlv Coal &C Istg 6s. 1919 A-O
HendBCo Ist sf g 68.. .1931
191C
Hoboken L & 1 g 5b
106«
83
Sale
Sale
Small
el
1926
2e^
STATE SECURITIES.
Alabama— Class A 4 to 5. 1 906 J-J
10391 Noy'98
104 Feb.'98
Det
let g 58.
E4
1.
107K
U8
U8
84X 92H US
US
U8
U3
U3
91^
Non-cum. Incomes 58.1907 J -J
Olearf Bit Coal.
10414
13 1C4>< 108M
91H
"89Ji
.
WhLB&PCCo Istg 58.'19
U.
93
?!
Feb '97
101
J-J
J-D
since
Jan.
Ask Low. High. yo
Bid.
De BarC & ICogug 68. '10 F-A
US BnvelCo Ist 8fg6s 1918 J -J
D SLeath Co s f deb g6s.'13 M-N
West Union deb 7s. .1875-00 .M-N
107^
D8.
Col trg 48.194& M-S
Adams Bx—debg8s...l90C Qu-F
Oil
it
Nil
Blrm Dlv Ist con 68... 1917
Cah C M Co 1st gu g 6s.. '22
.
BaSCBIiLANHOUa BON
Last Sale.
IF
lll« Apr'H9
105M May'99
108
t09M
I07H 107H
183
Range
Week's
5s' 946
St L Ter Cuppies Station &
PropCo Istg 4J<s 5-20 yr'l?
S Yuba Wat Co con g 6s '23 J-J
8p Val Wat Works Ist 68. '06 M-SS
10914
107^ Feb '99
LXIX.
Range or
Aug. 18.
M-N
J-D
..
,
[Vol.
Price
Stan Rope &T Istg 68.. 1946 F-A
Income g 5s
1946
Sun Ck Coal 1st g 8 f 68..1912 j-b
106« 111
108
109>^ Apr'99
131
M-N
MS
M-N
gug5.1947
1st
5.
Friday,
TennCoalTDiv I8tg6s.l917 A-0
Oh G-L&CJce Istgug 5s'37 JOonG Co of Chlstgng 5s'36 J-D
* FCh IstgugBs.'OE J-J
qG Gas
Mu Fuel
.
. .
1904 J-D
1948 A-0
1947 M-S1947 M-.*
lit consol g 69
.
,
Page
(5 pages)
N. Y. STOCK EXCHANGE
1919 Q-F*
Small bonds
Mnt Fuel Gas Co See PeopGas
8d gtd g6g
.
.
,
BONDS.
since
Low High
118^ 118M Aug'99
LacGas-LCoof 8tLl8tg68'19 Q-Ft
Peo GaB&Cl8tgug68..1904
prices
W
8
Rooh&PitC&Ipurm
F-A
A-0
.
Last Sale.
Ask. Low. High. Ifo
Bid.
q Bleo Co deb gSs... 1922 J-D
6«n
ar Kap G L Co l8t g 58. 1915
KTMo Gas Co Ist a 58. 1922
Kings Co El L &B. See Edison.
12
1^
.
-.80
285
t Prto* p«r ihar*.
.
August
THE CHRONICLE.
19, 1899.]
Boston, Philadelohia and Baltimore Stock Exchanges
Share Prices— Not Per Oentiini Prices.
Saturday,
MoTiday,
Aug.
Aug.
12.
14.
1
.
Tredne««tav Thursday,
iug. 17.
Am^. 16.
Tuesday
Aug. 15.
,
377
—A
Daily and Yearly Record.
Sales
Friday.
Aug.
H Indloatea anllsted.
18.
„
^ „
,„«,»
.
,
of the Sange of Sales xn 1899.
Week.
Shares
Lowest.
Highest.
ACTIVE STOCKS.
Railroad Stocks.
255
108
255
108
•840
355
255
'108
'340
109
• •
195
187
144
144
188
138
181i<181J« 132 132
•42^ 43
42M i2H
•48
49^ iSH
48)4
6«H 66M
119
65« 55«
27
2-M
15% 16
15J4
5iH 53H
....
108
t
489<
•48
48
48
84)4
84)«
48)4
120
35
53^
•77
•306
535^
77>4
194
13894 187)4
143)4 144
187)4
133
133
131« 131H
43^
•119
•30
355
108
354
108
•840
194
119
120
93
'
55H
55
3HH 27
15)^ 15H
77
•76?4
'206
•55
289<
15)4
2894
1594
5294
•769i
5294
2694
15V4
•9194
53)4
77
•77
'
. .
15)4
5494
^T'A
9\i]4
11
SOii
»m
*U%
44H
77
*IH
w%
17H
17H
37
95
•9*H 95
9BH
2iH
'i'ih
54^ 56
17)4
95
95
•343
164?^ 181
345
1694
4494
77?4
41)4
169«
45)4
77)4
4194
'37)4
37
95M
•62^ 63^
55
150
55H
150
•62«
83H
54M 54^
343
15-10
30 5-18
37H
17^
179i
37
343
00%
95
95)4
95
345
63)^
63^
54
5494;
345
160
^20)4
23
6394
53!ii
155
345
"95
60)i
87ii
60)«
35
35
43
43
43W
16
16
•
140
37^
88
38
46H
im
159i
16
••••
38
170
47
47!^
53
S3
53
M>6
59%
98)4
61
35
35
43?i
439<
15^
\5H
•140
28% 29M
170
53
85
>189H
88
47>i
*S7hi
97
"exM
IH
37« 3794
27M 28%
16Pi^ 16fl)4
47
4794
62
53)4
*\%
98)4
5994
•38
•4394
15%(
98)4
830
23
61
2294
•83!^
5394
150
•4394
15)4
1594
140
140
37)4 37)4
27% 2994
189
189
47
5194
60)4
'
28
169
47H 47H
51^ 51)4
18MU
47)i
47:)^
51
5.
July 11
Feb. 14
3t
10,58^
102
124
221
3,990
27
....100
(Phlla.)
...
35
50
3 100)4
Jan.
Feb. 8 74)4
3 45
Jan.
3 45^
Jan.
694 Jan. 12 2894
133 Jan. 4 154
34)4 June
53)4
2194 May 2' 3394
i 175
127)4 Jan.
38 Jan.
3 53
36)4 Feb. 180Vi
f
Jan.
IH
4
39 Jan.
5294
55 May 31 68)i
7894
4694
23)4
3994
141
1,18
80--
I
90,09'
1 7\E
3,547
1,111
.
.
.
.
*
Bid and aakedprloes
NACTIVE STOCKS
no
sale
Bid.
RAILROADS.— Prices Aug.
22
A.t Top & 8 Fe. (Bo8t)100
4.U & Charlotte(Balt) 100 127
3os & Maine pf.(Bost)10C
"
.
100
Boston AProv.
Osfwisaalitpf (PhU) 50
Ma88...(Bost)100
Central
"
100
Pref
(Antral Ohio. (Bait) 50
Mich. (Bost) 100
ChloA
Olt'iStof Ind8l(Phil)100
W
.
68
wa* made.
Ask.
STOCKS BONDS
18.
33)4
MISCBLL.— Concluded.
300
70
.
Conn & Pa88um(Bost)100 168
Conn Rivrr.... " 100 271
33>,4
Consol Tr PittsT ( Phil ) 50
Pref 7
...
"
50
rilnt 4 Pere M. (Bost) 100
"
100
Pref
a'nnant'n Pas8(Phll) 50
50
Hestonv
50
Pref
50
aunt 4 Broad T "
"
50
Pref
MAT"
CO
64H
154
45
75
33
53
'•
100
Little 8ohuylk.(PhU) SO
Maine Central. (Bo8t)100 160
59
jllnehill ASH. (Phil) 50
50
Nstqnehon'g V. "
(Bost) 100
Hew England..
"
100
Pref
Rorth Penn. .(Phil) 50 103
50
PhUiKre... "
50 iso'
Phil(Jerm&N. "
"
100 376
United N J
50
OnltedTrofP.
Pref
50
W^est End pref.(BoBt) 60
60
8 8.(Phil) 50
West Jer4
7
50
WestNY&Pa. "
Wis Cent, new.(Bost)100
"
100
Pref
Wor Nash 4 B. " 100
Pref
58)4
165
30
153
47%
113
7M
AmBysH
(Phil)
.,
7
9)4
.
10
"
35
Iale>BoyaleY....
Marsden prefl (Phil) 100
Mergenthaler .. (Bost) 100
10
Mex Telephone "
"
10
NoAmQUredg
51)4
51)4
Bonds— Boston.
J4J
A T&S F gen g 48. '95 A&O
Adjustment g 48.. 1995
B 4 M 3d is 78.'02-07 M4N
3)48.
805
4
84
34)4
.
8
37)4
28H
4494
3
1194
13
46
47)4
I
8694
1947 }116
1910 J4J |lOO
A40 |l05
jlOO
}101
{100
1918 J4D
Ch Bur & Q 48 1 922 F4A
Iowa Div 48.1919 A40
Chicago June 5S.1915J4J
Ch 4 No M gu 5s. '31 M4N
103
100)4
80%
116)4
108
102
M
«
Debenture 5S.1913A40 {1C2
K C C& S 1st 5s g.'25 A40
K C Ft S&G
Ist 78.'08
J4D
7u
{114
«
K C F S&Mcon 68.'28M&N i 99)4
K C M * B iBt 48.. '34 M&S i 91
Income 58
i 43
K C4 M Ry4B 5s.'29 A40 {100
K C St Jo 4 C B 7s.'07 J4J {130
Lams'n St're S 88.'09 M48 *
L Rock4F S Ist 78.'05 J4J no5
L E4St L Ist 88 g.'26 A40 110
2d M 5-6g....l938 A40 i
Mar H 4 Ont 6s...'25 A40 S114
Mex Cent
15
Rutland Ist 6s.. '03 M4N {108
2d 5s
1898 F4A i
Torrington Ist 58 1918.. 1107)4 108
West End St 5s. .'02 M4N 5104)4 108
1914 M4S
4^8
Gold 4s
1918 M&N
4s
1917 F4A i
Bait Beit Ist 58.1990M4N
BaltCPaslat 58.191 1M4N
Ba;t Fundg 58.1916 M&N
Exchange 3)48.1930J4J
Balt40hlo 48 g. 1935 A40
Stat Isl 2d 3 g. 1 928 J &J
Ba!t4Pl8t63ml 1911A40
il3H 114
4s g..l911 J4J 8 75)4
31
con Ino Ss g non-cum
13
2d con Ino 8s non-cum..
New Bng Tele 68.'99 A40 {100
1907 A*0 {
6s
103
75
9994
44"'
Series
Series
A
76
83
13%
Va
116H
lil)4
101)4
131)4
108)4
107)4
107)4
110
104)4 105
103
103)t
108
(State) 3s
new.'32JAJ
VaATennSd 5s.l900JAJ
Hn
lann.T^j
118
106
107
89
86)*
105X
112
lst68.'10
03. ..
.2882
JAJ
AAO
113
101% 108X
108
111
191
11
U8)4
109)^
• •
90
•••
100
114
106
JAD
3d 7s
1910 MAS
1923 JAD
Annuity 63
JAD
New'k Con Gas 3s '48 JAD
118
126)4
Newark Pass con 58.1930
No Penn 1st 4s.. '38 M&N 118
GenM7s
1903JAJ 114
Penn gen 63 r...l910 Var 131
Consol 680. .,.1905 Vai
Consol 5s r
1919 Var
Pa 4 N Y Can
78..'06
JAD
116
187
I8194
A&O
AAO
Penn Steel lst58.'17 MAN
108*
People's Tr tr oerts 4s.'43
Perkiom l8taer58.'18 Q-J
PhUa Bleo gold trust ctfs
101
MAS no
MAS 120)4
Fund debt3-88.1991JAJ
Edison Elec Ss stk tr ctf 8.
ElecA Peop's Tr stk tr ctfs
Consol 6s
103)»
8avFla4We8t5s'34AA0 no
Seab A Roan 5s. 1926 JAJ 10994 llOH
United Ry A Eiec income.
7494 74%
Ist 68.1908
Bs.. 1911
39
Gen M4)4sg.. 1924 Q-F
Leh V C'l l8t58g.'33 JAJ 100)4 101
Leh Val ext 48.. 1948 JAD 113
:07
3djeries 88.. 1918 MAS
4th ser 3-4-58.1921MAS
5th series 58.1928 MAS
M 58.'20 M&N
K C P A G Ist 5s..'23 AAO
Lehigh Nav 4)48. .'14 Q^
RR4sg
1914 Q-F
119
2d series
102X
lst78.'05FAA
l8t
Gas-L l3tg58.1928
M A F con 5s.'34
HA B Top con 58.'25 A tQ
Internal Nav 6a
1906
KG Sub B l8t8a..'30JAD
B 5s 1928.... J AJ 120
Ohlo4Ml8t7SD1905MAN 103M
Pitt Un Trac 58.1997 JAJ 111
118
VirgMid
108
107)4
Consol 7s
PotomVal l8t58.1941JAJ
SeoAvTu(Pltt8)38'34JAD
Ask.
113)4
100)4
1C6%
Hestonv
118
118
58 1926....JAJ
8
A.ug.
Clfs'St Ry(Ind)con 33.'33
Income
KnoxvTrac l8t5s '28 AAO 107
Lake R El lst«u5s'42MA8 118
MetSt( Wash) 1st 5s'25FA 125H
Gas 1st 5s...Var
Norfolk St l8t 58 •44.JAJ
NorthCent 4)48. 1 925 AAO
68 1900
A40
88 gold 1900
J4J
6s 1904
J4J
Catawlsaa M 7s.l900 FAA
ChesAD Canlst38.'16 JAJ
Choc Okla A G prior lien 8(.
General Ss..,. 1919 JAJ
Eq
133
.
Orl
Feb. 18
June 13
Bonds— Philadelphia
ElmAWllm
IstOsser C..1916 tr rec
Cent Ohio 4)48 g.'30 M4S
New
Feb. 33
Apr. 35
Apr. 6
Apr. 6
Mar. 30
Apr. 8
Bid.
AtlCitylst3sg..'19M4N
Balls Ter Ist 5s. 1928 JAD
BBoroGa8lst58.'38M&>
Cambria Iron 6s. 191 7 JAJ
EastAA
Ext A Imp 5s.7 932MAS
Chas City Rylst Ss '23J AJ
CharlCAA ext5s.l»iOJ4J 107
Chesap Gas 8s. 1900 J4D 10194
CltyASub lst58.1922JAD 11594
ColAGrnvl8t5-6.1917J4J 115
Consol Gas 6s. 1910 J4D 115)4
5s
1930 J4D lU
Ga 4Aial8tpf5al945A40 103
GaCarANl8t58g.i929JAJ 101
GeorgiaPlst5-68 1932JAJ 13U94
Ga3o4Flal8t58.1945J&J 108
8
Mar. 3»
Apr.
West N C con 68.1914 JAJ 118)4
West VaCAPl8t6g.'l 1 JAJ 112
WU 4 Weld 5s.. 1935 JAJ 119
Del&BBk
11394
Ext 4 Imp 88.1901M&S
NoBaltDiv 58.1942J4D 130
Con v'rtlble 58 1 906M4N 101)4
Central Ry88...1912J4J
Consol 58. ..,1932 MAN
Apr.
Colum St Ry lat con 5s.'3i
Con Trac of N J lat 5s.. '3t
118)4 120)4
AtlG-Lightl8t58l917J4D
.
{115)4 118)4
92
{ 90
Chi4WMgen5s.'21 J4D { 99)4 100)4
93
Con. of Verm't 38.'13 J&J I 94
70
Curr't Riv Ist 58.'27 A40
DGR4Wl8t48.'48 A40 {"9 6' 98)4
110
Domln Coal l8t88.'13M4S i
East'n Ist
6s g.'06 M4S <117H 118
Fr Elk4M V Ist 88 '33 end {140)4
Unst'p'd Ist 68.'33 A40 {138
min Steel oonv 58.'10 J4J
117
l«tmort68.. ..1905 J4J {113)4
Ogd 4 L C con 68.'20 A40 105
Income 68
1920
Bonds— Baltimore.
Atl 4 Ch Ist 78.1907 J4J
June 37
May 83
Baltimore— Couclu'a.
lat 6s ser B..1918 tr rec
}102
IlOo
Ist 58.'26
68
N Y4NEngl8t78.'05J4J
BONDS
Ask.
CapeF4YsrA6g.l9l8J4D
B08UnGa8l8t58.'39J4J I 87
2dM58
1939 J4J i 60
Bur& Mo Ri V ex'pt 68.J4J |125
Non-exempt 88. '18 J4J 3lC6}4
Plain 4s
Bid.
1st 68 tunnel 1911..J4J
Bal Trac 1st 5s.l929M4N
65
52
Coal "
50
Winona Mining(Bo8t) 83
"
Wolverine Mln.
85
WoUaston L'd. "
5
1st
804
44H
Westm rel
.
8
9)4
1494
9)4
89)4
3
37
26
Utah Mmlng...
Water Power.. "
....
Welsbach ComT(PhU)100
"
100
PrefT
2dM
15)4
Arnold Mining. (Bost) 35
35
Ash Bed Min'g. "
194
"
85
27)4
Atlantic Mlu'g.
"
36
35
Baltic Mining..
Bay State Ga8T.( Bost) 50
B«rg4Engisr'w(Phli) 100
"
100
Pref
Boston EleoLt. (Bost) 100 170
"
10
Boston Laud...
OH
45
Cambria Iron.. (Phil) 50
84^ 85H
(Bait) 1 00
Canton Co
Centen Mining. (Bost) 25
3594 36)4
17)4
Con. Lak Sup. (PhU) 50
"
50
Dayligut Prism.
3194
Domln CoaipI.(Bost)100 117)4
BdUonBl 111... " 100
Hlec Co of Amir.(PhU) 50 "2694 30%
"
100
Blect Vehloleir.
"20'
rranklln Min'g. (Bost) 35 '1994
-100 12394 124)4
Ssneral Elect.
142
"
Pref
100 140
Sen E)Auto-Mt (Phil) 50
lBtBntH4 8M(Bost)
Un Cop L & M'g
Un Shoe Mach..
Ch Bur4 N
MISCELLANEOUS.
Allouez Mining (Bost) 35
9
89
Palmetto Co.... (PhU) 35
394
52%
ParrottSll&Cop(Bost) 10
16
Penn ElecVehT( PhU) 50
"
PrelH
50
6)^
Pennsyl Salt... "
50 114
"
PennsylSteelT.
....
"
PrefT
100
PuUman's Pal.. (Bost) 100 les
160
158
Quincy Mining
14
18
Reece Buttonh.
7
8
Rhode Isl Mln.
13
13)4
Santa Ysabel G
825 228
Tamarack Mln.
31
33
Torrington "A"
31
30
Pref
Boston Term'l
"
•
Old col Mining. (Bost) 35
35
Osceola Mining. "
Am Bed Tel 48. .1908
. .
Ask
Boston— Concluded.
Pref
10
FtS4M..(BO8t)100
Bid.
a
BONDS
30
>Iar.
Mar. 30
Apr. 35
85 June 1 108 Apr. 38
633 Jan. e 895 Feb. 81
7
1194 Jan.
2494 Mar. 83
60 May 17 71)4 Mar. 18
Apr. S
33 Jan.
3 63
Apr. 6
58)4 Jan. 10 194
4 193
Apr. 38
6494 Jan.
520
"
..,.100
(Boston). ..100
"
Old Dominion Copper IF...., ,
.... 25
Pa. Mfg. Light & PowerU
(Phlla.) ... 50
United Oas Improvement T.
"
.... 50
United States Oil
(Boston)
35
VVelsbach LightH
(Phila.)....
.3
West Bud Land
(Boston).... 35
"
Westingh. Electric* Mfg..
.... 50
Preferred
"
.... 50
15-18
a 10 15-18
. .
•194
•196
.
17
IP
3
Jan.
98
90
3,001
....
May
May
Jan. 33
4494 Apr. 30
2394 Feb. 81
43
Feb. 31
81
3 380
Jan.
38,1411 13394 Jan.
4 188
8W 110)4 Jan. 16 123
25 362 Jan. 7 398
100
100
100
"
May
Aug. 5
Aug. 18
Aug. 1
July 6
87)4 lug. 3
123 Mar. 38
38
Feb. 1
95)4 Jan. 33
70 Jan. 37
30
Mar. 9
17)4 Apr. 37
95 Feb. a
55X Feb, 15
81)4 Jan. 36
312 May 17
46)4 Jan. 33
70 Jan. 33
100)4 June 30
1294 Jan. 34
34
Mar. 33
18% Mar. 33
50)4 Feb. 31
153 273
100
...
"
.
1694
36)4
in
50
(Boston)
60)4 Federal Steel
Lam son Store Service
2694
994
1
5,132 25 13-16Jan.
738 13 7-18Jan. 6
1,440 3894 June 30
767 72^ June 1
4,312 3194 Jan.
7
137
.
14
Jan. 21
7
4294 Jan.
8,931
100
.... 35
.... 35
35
(Phlla.)
"
31
90
(Boston).... 100
.
.
PreferredT
Brie Telephone
159i
1594
7
3,0 IH
(Bait.)
43H Lehigh Coal & Navigation.
15% Marsden Company 1
New Bnglaud Telephone
43!I4
141
141
37)^ .S7^
3794 29)4
169!.4 169)4
47H
5194
60
35
Consolidated Gas
5194 Dominion Coal
Electric Storage Battery ^
150
160
98)4
80
35
98)4
5994
38)4
"
Preferred!
Boston & Montana.
"
"
Butte & Boston
,
"
Calumet & Heel a
Cambria Steel ($1-50 paid) (Phlla.)
1
5% Jan.
30 75)4 June
38 198 Jan.
4094 Mar.
789 61 Jan.
642 94% Jan.
. .
365
23>iJune
s'.soV
.
355"
May
55% Aug.
1,910
May 18
138
133)4
43
49
869
lUiscellaneous Stocks.
American Bell Telephone. (Boston) .... 100
"
American Sugar Refining T.
....100
316
'150
97«
60M
Ist preferred
154)4
Jan.
June2t'
31
91
100
50
"
50
"
.... 50
,
"
.... 50
"
.... 50
(Boston)
100
"
....100
(Phlla.).... 50
18H 1P54 2d preferred
45M i5% Union Pacific
7794 7794
Preferred
41)4 41% Union Traction
1794 1794 United Kv & Eleo. Co.(w. i.) (Bait.)
"
•37M 37H Preferred (when Issued)..
WestBnd Street.
(Boston)
830
355
77
•6394
53)4
155
3'
May 1
July 14
July 26
149)4 Feb. 18
341
204
May
57
107
June 37
11694
85
(Phlla.)
Reading Company
a
80 1-16
880
Mar.
8094 Jan.
327 Jan.
170 Jan.
134i4 Jan.
139^ Jan.
124 Jan.
120)4 Jan.
39% Jan.
4394 Jan.
41)
"
68)4 Pennsylvania
99)4 Philadelphia Traction
99H
10%
34E
16394 158)4 16294 167
120 120
120
131
122
130)4
•355 357
355
366
356 857
78
77
78
^^H
830 830
885 •820 840
32^ 33
22%
32Vi 28
22K 23
843
163»t 163
130^ 130^ •120
•355
•355 300
•75
78
77M
830
•830 840
345
345
63
17«
37
68
67i4
35
aoh
157
14^
120
"
.... 50
Preferred
"
....100
Consol. Traction of N.J.T...
( Boston) .... 1 00
Fltchburg, pref
35 Ga. Southern & Florida.
(Bait.) ....100
95
"
100
Ist preferred
80
"
....100
2d preferred
27 Lehigh Valley
(Phlla.) .... 50
(Boston) .... 1 00
15)4 Mexican Central
93
Northern Central
(Bait.) .... 50
55 Northern Pacitlo
(Phlla.) ....100
"
....100
77% Preferred
Old Colony
(Boston).... 100
•92
67)4
99)4
68k 68^4
9PM 99H
n 11^
88M
365
48)4
•30
•90
•56
2894
5314
77)4
45
9,799
66
Oregon Short Line
•88
68M 67*4 67&<
991^ 99H
9994 ^^H
V\)H
10 15-18 11 10 15-16 li
llHi
30 5-16
30M 30 5-18 30)4 3094
18 7-16
17
16M 16^ •18M lfi\i
44^
44H 44ii 44M 44^ 44)4 449i
77
77
77
7794
77« 77« 77«
43
4194 41%
42
43M 41V 43
68
570
—
306
306
•306
2694
15)4
345
(Boston).... 100
Boston & Albany
"
....100
Boston Elevated
"
....100
Boston & Lowell
100
"
Boston & Maine.
"
....100
13694 13794 Chic. Burl. & Qulncy
"
....100
143)4 143)4 Chic. Juno. & On. Stock Yds.
"
....100
Preferred
133)4 133)4 Chic. Milwaukee & St. Paul. (Phila.^ ....100
"
•4294 43)s Choctaw Oklahoma & Oulf
.... 50
43% 43%
48M 48)4 •48
65
118% 119
4294
93
27H
15«
•306
119
•30
•90
•i7
355
'240
•840
• •
195 195
195
195
137H 136J6 13694 136X18654
144
•I43H 144^6 148 144M
•187
138
138
13'i'M
H8H
255
108
255
108
195*
300
iseM
•
355
108
1C8
M 7s. .1911 JAD
184
10814
132
Cons 58
Cons 48
1939
1939
94
105)^
100
10 1)4
Ph&Er gen M 3g.'20 AAO 1^2
Gen M 4s g.. 1920 A4O 110
Ph A Read 2d 58.'33 AAJ 127
Consol
Con M 8s g... 1911 JAD 123
Bxt Imp M48 g.'47 A&O 108 106X
Con .Mof '82 48.'37 jA.i 103)4
Terminal 5a g. 1941 Q-F 131H
P Wil A Bait 48.1917 AAO
CoUat trust 48.1921 JAJ iV6'
CASt L 78. 1900 FAA H8
Read Co gen 48, 1997 JAJ
Rocheater Rycon 58.1930 lt9X
8chaK8ldel8t58g'35JAD 111)» 118
Pitts
Scran Trac 8168
1
'32MAN
Ist 58.FAA
J 48.. 1944
Union Term'i
90
86)4
United N
MAS 120
nnTracPltt8gen5s'97J4Ji 113%
And Interest.
t91'5u paid.
•Price includes overdue ooupo na.
I
.
.
THE CHRONICLE.
378
ABSTRACT
FRO.tl
f
Vermont
Boston
» Mass., other
5f
..
* Rhode
Island.
1? Connecticut...
l
Total Div.No.l
f
New York City
a Albany
2 N. York, other
2 New Jersey...
S
Philadelphia..
^Pittsburg
H
[
Penna., other
Total Div.No.2
f
Delaware
*
2
2
2
g
19
DlBt. Col., oth.
Virginia
I
954,455
4,693,975
1,777,500
1,320,000
150,000
2,668.450
2,133,985
11,888,260
3,806,700
48
2,775,000
']
252,000
4,591,000
36
3,551,000
34
170 28,997,945
West Virginia.
Total Div.No.3
North Carolina
South Carolina
Savannah
29
16
Georgia, oth...
Florida
25
Alabama
(
26
15
....
12
Louisiana, oth.
13
7
B Houston
5 Texas,
5
192
7
other..
Arkansas
..
8
Kentucky, oth.
Tennessee
67
Louisville
.
f
1
S
3
2
S
*
..
47
471
Total Div.No.4
Cleveland .. ..
Ohio, other ...
226
4
111
Indianapolis..
Indiana
Chicago
Total Div.No.5
f
Des Moines...
4
Iowa, other...
St. Paul
Minneapolis
Minnesota, oth
M St. Louis
167
1
2,806,863
559,000
569,500
4,000,000
994.800
4,490,000
2,101,500
9,400,000
640,000
2,300,000
108.500
350,000
782,588
3,565,000
1,343.721
8,262, 10(;
362,500
3,750,000
16,000
300,000
1.088,297
5.565,000
196,500
1,450,000
273,073
1,460,000
61,932,100 12,048.842
58
6
5
2
5C
100
j
C Kansas City..
3 St. Joseph
oth'i
9 Omaha
&
2
Lincoln
Nebraska, oth.
North Dakota.
South Dakota.
Total Div.No.6
Nevada
89
23
25
550
a2,ooc
6,000,000
4,825,000
1,100,000
1,320,000
3,360,000
16,687,000
1
i San Francisco,
4
31
CaUfomia,oth.
^ Portland
4
« Oregon, other,
24
Washington...
Total Div.No.7
31
95
fti
'
f
5
9
.
«
5
1
C
T
6
36
Montana
Oklahoma
.
Indian ler
Utah
Wyoming
Alaska
TotalDlv.No.8
ital for n. s
.^.58;^
In milioni.
B'ds,8t'kg,&c
Duefr.banks
* Specie
3 Notes & Ctf 8.
9 Nat.bk notes
« Cl'r'g H.exch
Y
I
(
590 :3 4
103 47
60
3h 6X
X&t,
6
40
1
1
1()
139
4
H
— Duetodep'rs 162
*§ Due to banks
Ml
\
Tnt,Bl«
.
.3
s
5
1
»'Z J» 10 i
30 14 10 2-8
39 13 9 61
16
6 4 2-5
1-2
7
3
Silver
Silver.
certificates. iertiAcates.
overdrafts.)
Lea.tend'ra
Treasury
8. cl'la
df.posit.
<t TT.
'.erti1Wf4'jt
$354,750
489,319
349.522
300,0:^0
20.910
16,184.511 5,634.015
12,000,207 2,039,985
2,873,624 1,034,340
621,328
3,601,370
9,269,350 2,511,9 .i9
44,229,08 11,86:^,507
358',29i
148,245
472,536
549,603
1.528.675
4,137
1,273,833
2,000,314
20,730,025
1,263,054
9,011,290
814,145
2,137,361
2,873,762
2,259,011
44,685
42,467.480
19,080
"13,800
377.880
1.153,396
76,318
192,610
565,733
2,180,565
222,340
126,723
4,245,382
189,462
937.675
46,895
76,748
1,034,528
210,71^
14,170
7,154,63
15,316
36,414
27,996
31,66c
69,902
181,294
16,9u6
31,912
177,348
16.676
73,644
18,886
33,421
52,601
21,537
1,119
443,050
"9,430
91,560
8C
5,000
""50b
100
106.670
c-
4U2
77,553
207,499
37,793
70,591
143,833
541,406
345,00'0
<![
192',508
7,586
77,503
51,814
33,111
119,009
289,425
62,920
116,842
2,008,262
64,426
537,853
45,681
66,260
24,224
59.735
3.970
2.990,173
is'ooo
181.163
18,598
8,815
29,765
18,496
44,053
2,376
710
318,97.
• • • •
3
6
3
3
13
.
1 i'i'i
109 7ii
la 12
9 3
2;
35
12-6
•2-6
36
•3
-5
4-b 1-8
1-4 7
•1
.
>>
1
•4
•1
8
8
18-9
•1
-7
•9
8
•3
165
31
7-2 J.Tl
'3-5
2-9
4-0
1.42211.086 2,508
272! 38« 652
3
15
-1
•5
-1
5
•s
6
1 1
10
2 1-3
•2
•6
•4
-6
8
•7
2
1-2
16
2 6 •3 2 1-J 2
21-0 247 •267 37I 8^ 43^ 91 48-7 3U'2 32^ 10-3
6-4 23-0 6:|-0 39^
11 3 8 7-7 99 2-1 18 33 30 -8 7-8 9 26 4-1 60 1-1
6 •2 11 2
•2
»
-6
•7
2-8
•6
•2-7
i
2-(i
9
•7
•8
2
•2
•7
-6
•1
•1
2 1
i
1
3
l-l
•3
3
•1
•2
•2
e
9
5
1
I'i
1-6 4-0
14
3 TO
36 9-5 28-2 31 5 12 7 106 12 8 23-2 2-4 23 6 42 20-2 l'2-9 16V 5«
•8
7-9 19-2 12d 3-4 109 8-8 SO 4-2 116 34 23 7 lie 67 •J.-i
198
5
67
80
•1
•1
•8
-5
1
-2
•3
9
-1
•1
•2
6
-6
1-J
-2
....
-a
3
—
•fl
•.i
•1
-1
fZ
48 2 4-3 128 16-2
10 48 3« 3-3
16 136 88 61
7 •2-8 1-8 61
95
•5
-2
1-8
2
3-0
9-9
3-2
-I
-6
1-3
7 9
48
27 17 2 5
1-4
•e
15
24
348
83
40
2
«-3
»-5
9
3-7
5-2
Total
272
2-0
i43^
14-ft 21 4 4-4
34
14
Total
03
05
3311
.
•8
-7
130
^5
l-l
20 2
2-6
*-3
s
^
Total
l-S)
11
•1
3
MM)
5
7-3
3-9
6-6
2-0
7-9 25-8 36-8
6-4 18
39
3-9 13-7 13-P
:?
1
1
•8
a-8
•1
1
•1
3
, ,
States.
United
Reserve
Other
•7
1-0
1-7
CUiet.
is
If
2-
•1
•9
'i
5
11
4
61 38
40 13
1
7;
•3
-1
^1
i
i
1-3
'>£
• • • t
>
i
a
1-.43
a?
7
1094 43I •437
48 '.*» 19
43 33 IS
•7
3
in
•9
6
14
579 a6-e 131
378 8« 63
•J
>
13
30» 1091 13
s
s
1
!43
.S Circulation..
.
4
1'
a-4
14
si
S
•2
» Dndl. profits
liab^B
Z-i
1-5
i£l
309
40
Totals
Oapltal
Other
mj8
181
18
Oth.res'ces..
^ Barplus fund
Jj
II
a;
Loans
Qold
Treasury
30, 1899.
604.865,327 248.146.168 3.522, 1.'>7..'S09 76,313.391 2.!i07,954,9h0i286185618 23. 15-2.390 14.90S,4uO 32573630 134927935
1
S
2,153,026
2,892,166
39,888,378
3,077,523
11,317,951
1,217,602
1,804,144
4,223,422
2,872,062
67.004
69.513,278
2,483,608
^
Cities, &c.
61,212,99('
55,450
129,750
975,536
195,400
374,500
30,500
215,655
391,467
115,350
5
TOTALS FOR
RBSEHVK
'
30i,088
499,573
4,346,260
TROLIiBR JUNE
COITIP
$22,478,832 ^1,084,134
$10,290 $125,12f 1148,632 $416,430
94,277
11,391,531
2,600
131,710
513,601
295.704
85.700
12.097,424
559,072
23,530
61,934
230,736
2i7,954 1,976,391 6,582,532
3,675,433 181.318,578 16,961,339 1,395,590
611,073 912,407 2,489,228
2,031,360 112,3^2,232 3,789.798
165,320
100.487
124,717 231,080
101,980
35,838,691
756,331
715.344
257,746 606.951
1,317,748
355,630
47.992,515 1,981,633
923.637
8,318,619 423. .509. 80 H 25,645,911 2,044,940 1,526,.587 t,06»,lu,T 11,653,611
664,433 6,119, »at> 40,161,246
24,487,162 590.17s,t)36 139374993 12,203,030
90,698 451,047
276,249
155,000
11.941. 6i0
662,112
903,892
73,517
253,045
11,453.312
476.108
330,750
52.120
604,702
718,583 732,426 2,943,201
1,909.562
96.892,545 3.967,377
450,390
393,816 987,311 2,354,450
1.033.112
246,570
58,357,945 1,943,316
481,037 3,127,457 7,248,229
3,243,61H 122,529,423 11,803,285
156.060
300.762 1,480,092 3,330,673
1,034.875
62,289.530 4,130,354
419,480
2,709,047
122.097,594 6,716.477
401,840 1,046,608 1,747.846 4,401,955
34,946.671 1,075,740,00- 168974022 14,363.120 3,773,954 14698195 61,948,348
62,l0i>
50,COO
16,150
5,655,772
124,391
176.792
122,796
143,247 1.205.720 2,496,940
293,500
2,707,979
39,418,219 2.301.592
89.871 157,197
252,500
16.300
11,606,052
425,995
392,548
39,530 795,367 1,234,056
497,180
545.210
10,442,940 1.079.217
5,874
42.000
659,122
160,052
38,579
4,520
187,892 161,305
2,042,651
17,238,110
9,170
754,307
808,432
77,515 129.720
41.490
482,790
9,916,060
569,951
463,683
606,082 2,664,680 5,521,^75
94,936,2t<ft 5,415.495
6,033,100
963,820
198,867
324.997
3''8,635
1.000
7,900,977
94,004
291. eyi
166,203
253,490
5,641,450
80
72,05y
237,663
224,394
43,600
118,651
4,000
33,284
1,298,998
1.500
55,000
232,826 217.867
391,885
770
8,025,752
363,234
573,155
159,536
266,774
59,945
3,580.937
154.078
334,293
46',960
136,394 103,883
6,772.825
194,500
385,992
488,576
2,P25,103
72,303
83.254
18,707
168,334
116,895 504,559 1,129.981
293,238
12,599,883
604,816
126,050
112,589
3,303,-60
50,737
76,067
151,935
46,534 213,744
2,510,6b3
137.040
321,141
693,262
970,382 498,753 2,179,136
688',20i
45,030,218 2,110.298
59,770
47,111
2,425,447
54,027
60.842
97.249
5,870
119,711
61,783
1,725,227
7,869,127 1,022,422
25,590
5,000
769,281
136,263 101,228
1,484,402
929,396
21,970
17,880,966
465,621
320,244 291,2-21 1.134,654
363,769
21,541,258
969,674
70,550
473,060 2,871,530 2,364,938 8,779,024
6,155.966 149,222,334 7,720,089
94,196 423,-27z 2,632,818
25,814,115 1,207,976
302,200
2,767,416
173,563 212,750 1,995,693
36,768,759 1,845,213
274,000
161,359
681,767 440,637 3,819,773
74,021,709 3,931,121
137,260
1,379,864
120,698 137,208
7,268,797 1,702,510
50,700
1,811,669
590,900
400,466 393,816 1,523,539
30,346,677 2,526,227
119,610
654,402
575,518 1,845,466 14,983,151
860,002 130,323,022 21,989,993 2,836,830
536,302 412,330 1,930,387
56,523,181 2,977,022
261,600
1,195,639
171,320 110,026
14,553,680 1,356,407
28,340
673.079
612,471
233,674 181,925
31,446,126 1,652,094
33,300
682,500
939,840
134,586 138.048 1,409,991
21,355,234 2,243,460
738,860
210.548 202,617
'3i',6o6
25,720,660 1.479,309
549,753
749,168
11,474,54a 454,141,910 42,911,332 4,074.840 3,332,63- 4,498,094 31,177,731
21,51B
l.'V7.758
4,383.462
6,310
25,»t)4
286,500
260,089
315,730 321,106 1,207,214
38,626,2s7 1,735.554
99.930
728,614
127,676 101,016
10,333,883 2,016,675
5,000
512,987
251,954
95,866
805,432
13,818,264
9,000
38,500
238,203
619,434
120,550
17,113,042
960,711
14.970
82,259
97,500
357,759
4,H58,812
77,488 1,987,250 6,043,629
48,167,961
464,820
1,440,128
216,786 563,907
22,033,479 1,681,153
55,000
707.202
871,000
20,500 109,533
2,287,568!
130,822
13,520
97,066
188,921
109,850
444,682
8,848,597
8,310
77,773
555,479
257.690 181,227
22,212,858 1,150,822
26,450
435,732
827,561
215,127 185,625
l,280,29v;
11,633,748
39,340
875.858
584,974
84,460
39,186
1,163,294
57,000
48,467
'74,672
130,035
14,643,8181
682,;^32
"i',320
385,264
26,632
201,249
4,696,416
1,360
12,861
187,262
36,514
198,4*62
3,745.426!
310,970
22,263
2,730
178,641
748,ObO 1,810,103 3,783,»o6 12,567,648
5.675,2.i2
223,708,101 16,501.624
430,482
16,544,746
15,403,189
5,156,602
6,203,454
17.474,517
2,000
2,300,000
1,054,599
186,000
400,000
600.000
4,147,000
550,000
9
21
2,305,000
350,000
7
15
857,000
11
1,650,000
11
860.000
1
50,000
122 11,769,000
A.n».ona
New
Mexico..
^ Colorado
• Idaho
1
65,080,115
12,164,097
34,545,942
24,496,657
32,659, iittl
465,980,129
12.440,00(
3.800,000
5
6
.
sa
930,000
3,57a,31i
2,137,394
37,778,798
11,872,852
10,980.909
19,996,850
40,322,9 76
17,020,9^5
2,333.648
10,818,456
23,855,205
10,345,764
1,614,175
16,640,292
4,819,674
5,104,957
215,642,948
4
i.
t
25.417,359
31.291,813
83.457,166
10,907,284
40,838,469
2,675.000
2,560,000
7,9S7,694
20fc.000
74
^ Milwaukee
P Wi8Consin,oth.
f
3,805,614
40,959,342
2,785.776
7,771,255
16,758,262
20,764,540
150,832,671
800,000
t
1
3,0ii3,2,i8
6,710,00(1
74
743 116,329,317
Detroit
5 Michig'n.other
M
I
399,700
585,000
4,695.488
278,000
632,500
2,148,045
1,759,620
17,474,307
105,121,96(1
201
1
2,535,001.
9,369,900
6,653,898
607,000
2,552,188
582,000
1.719,993
39,220,98b
Ifc
Illinois, other.
• Missouri,
• Kansas
7,205,443
4,920,216
756,707
7,937,193
5,895,655
9,255,254
2,962,468
16,161,718
830,713
754,298
225,000
1,072,670
508,275
632,373
417,626
7,700,000
9.900,000
27,426,117
2,100,000
12,177,200
18,450.000
17,271,000
3,300.000
8,345,000
2,950,000
13
14
Cincinnati
5,635,972
35,094,964
11,787,172
18,406,271
1,501.650
18,245,302
11,429,991
102.101.322
977,872
12,542,252
2,981,000
1,923,000
750,000
3,006,000
1,150,000
3,105,000
951,165
2,300,000
960,000
I.ICO.OOO
17,819,700
1,070,000
3,200,000
8,125,900
7,360,000
55,801,765
2
b Mississippi....
M New Orleans..
«*
$18.980,10<
10,740,449
10,225.136
158,650,861
95,161,173
23,396,052
44,752.028
361,905, SOa
$2,733,530
1.355,597
1,487,439
14,180,636
14.802.431
4.561,961
7,991.225
47,112,819
21
Baltimore .. ..
Maryland, oth.
Wasilngton...
1
Other.
45 47,900,000 43.441,000 554,445,405
17,584,373
1,900,000
1,352,000
5
8,564,819
1,372,000
1,5.50,000
6
27! 31,192.840 10.989,868 104,300,203
67,204,992
8,442,550
105 14,545,000
37 19.555,000 14,895,000 127,491,390
59,914,911
9,177,000
30 12,050,000
364 41,174,^90 22,699,679 155,462,215
863 169,319,230 112,917.097 1,094,968,368
Brooklsm
'
Individual.
TO THB
iTEAOB
Loans <£ dis- Qold and
"Munts. (IncVg gold O.H.
Surplus.
Capital.
82 no,971,000
5,490,000
52
6.860,000
49
41 39,600,000
209 41,377,500
57 18,899,400
79 20,831.070
569 144,028,970
Maine
« N.Hampshire.
St
Deposits.
»5
II
1899.
REPORTS OP THB NATIONAIi BANKS
LXIX.
[Vol.
«
4
23
1-0
•9
t<
ft3-a
597
•1
1
•1
•1
...
•2
t\-n •i47 •H-' |'»-4 sol 4.16
..
•1
....
Wl 4«-7 30
2
•.<,670
687
357
135
20
203
147
2,039 4,709
41
386
130
53
50
149
605
248
94
199
1.3 "?9 1.20!»
2,598
219
118
99
13
932
33
3«-7 10-8 i.H7ii 1.03ft
4,709
—
....
833
20
.
.
.
.
August
THE CHRONICLE.
19, 1899.J
379
Latest Gross JSamings,
BOADS.
Inxrjestntjcnt
K.C.F.Soott&M IstwkAug.
K.O.Mem.<feBir IstwkAug.
Kan. C.N. W.... July
Kan. City &Om 4thwkJuly
^ailrxrad Iwt^IipjtJDe*
RAILROAD EARNINGS.
WeekorMo
Eamingt.
1899.
1898.
Jan. 1
to
Latest Dat$.
1899.
June
Ala. Gt.Soatli.. letwkAug.
Adirondack
la. Midland... May
13,355
36,173
68,168
1898.
S
9
13,145
32,824
80,652
91,196
1,086,711
320,878
109,061
1,003,155
338,296
Ala.N.O. JiTex Pao. Jnno.
922,059
800,216
133,506 109.485
» on. & N. E July
396,012
378,488
51,854
43,876
Ala. & Vlokst). July
363,568
375,465
46,671
44,790
Vloks.Sh.&P. July
265,713 221,764 1,444,16^ 1,268,622
Allegheny Val. June
2H,522
951,400
874,5^0
24,752
2dwk Aug.
Ann Arbor
55,068
60,938
7,485
5,950
Ark. Midland... June
3,219.913 3,000,500 19,425,866 18,788,33t
Atch.T.&S.Fe.. June
712.420
543,708
158,1^9 119,58>«
Atlanta & Char. April
214,133
176,462
Atl.Knox.&No. July
34.286
24,219
273,127
45,499
297,676
39,490
Atlanta&W. P. June
159,214
162,687
159,214 162,687
Atl.CetLlneS.C January.
218,568
203,195
Atlan.&Danv.. IstwkMay
16,634
11,117
53,094
52,380
11,004
9.542
Austin &N''we8t May
2,628.849 2,305.991 16.282,361 15,934,369
Bait. & Ohio.... July
130,313
132,768 3,992,203 4,155,500
Bal. &O.Son'w 2dwk Aug.
.
Bath&Ham'nde June
BlY.
A Atlantic.
1.659
1,315
53,313
June
BnuiBw'kAWest May
Bnff.Rooh.&Pltt
Buffalo & SasQ
Bnr.C. Rap.&N.
OanadlanPaolflc
Oent.of Georgia
Central K. E...
Oentralof N. J..
Central Paoltio
.
Otaarlest'n<&8av
2dwkAug.
May
IstwkAug.
2dwkAug.
91,724
64,752
81,871
567,00u
97,278
64,508
1,459
1.585
47,207
79,432
43,497
86,390
484,000
92,4^4
58,347
IstwkAug.
June
1,250.656 1.054,067
June
May
May
1,410,139 1,474,335
70.916
58.795
Cbae'n&W.Car. January.
70,787
72.098
Ohattan'ga So.. 4thwkJuly
2,333
2.276
Ohes. AOhlo.... IstwkAug.
230,60t>
231,178
OhlcBnr. &Q... June
3.761.825 3,192,949
.
Ohlo.&Ka8t.IU. 2dwk Aug.
Ohio. Gt. West'D 2dwk Aug.
Ohio. Ind. & L. IstwkAug.
Ohlo.MU.A 8t.P 2d wkAug.
Ohlc&N'thw'n. June
93,100
116,368
78,130
729,271
81,300
104.027
64,973
623,207
2,995,883
61,330
1,580,826
614,141
25,315
35,463
*80,000
5,670
400,539
3,635.304
72.712
Ohlo.R'kl.&P.. June
1,772,529
OWo.8t.P.M.&0. June
860.08 V
OMcTer.Tr.RR. IstwkAug.
23.397
Chlo. <&W.Mloh. 1 siwkAug.
43,816
Ohoo.Ok.&Gulf. July
*102,000
01n.G.&Port8'tL July
6.557
01n.N.O.&T.P. July
397,663
Oin.Port8.&Vlr. July
28.369
24,9i;2
Clev. Ak. & Col. 3d wk May
18.58t
18,690
dev.Gan.&So.. June
58,839
61,661
01.Ctn.Ch.&8t.L IstwkAug.
290,220 291,033
Peo. & East'u July
165.460 122.386
OLLor. &Wheel 2dwk Aug.
38.136
29.666
OoL Midland.... July
147.811 140,953
Colorado &8o.. IstwkAug.
75,340
OoL Sand'y A
IstwkAug.
17.174
21,075
OrystaL
May
1.201
1.422
Oumb'l'd Valley June
86.887
79.129
Denv. A Rio ar 2dwk Aug. 193,400 165,200
DetG.Rap.
IstwkAug.
28,209
24,144
Det.& Mackinac June
66,573
49,509
Dolath S.S.&AtI IsiwkAug.
52,077
39.690
SlglnJol.&Eaat. July
153,657
98,795
ife
May
2,992,759 2,826,328
Jloreka Springs. June
4,880
4,338
Evans. AInd'plle 2d wkAug.
7,125
7,105
KvansT.ifeT.H. 2d wkAug.
28,7t)8
27,484
Find. Ft.W.&W. June
10,260
7.260
FUnt&P.Marq 2d wkAug.
64,860
55,626
Fla.Cent.& Pen. IstwkAug.
52,019
62,170
Ft.W'th&Den.C IstwkAujg.
2C,107
29,239
Ft.W.&Rlo Gr. IstwkAug.
7,700
6,783
eadB. A Att. U. July
1,0»7
624
eeorglaRR
IstwkAug.
26,005
25,038
Qeorgla & Ala. July
91,235
89.286
eeo.So. &Fla July
90,955
88.432
Gila Val. G.&N. June
34,468
ttr.iiap. Alnd.. Istwk J'ne
43,839
34.300
01n.R.&Ft.W. Istwk J'ne
9,284
7,331
Traverse Olty. istwk J'ne
798
675
MnB.G.R. &I. Istwk J'ne
2,910
2,318
Tot amines. Istwk J'ne
56,831
44,624
Gr.Tr'nkSyst'm IstwkAug. 513,625 427,393
Chlc.&Gr.Tr. 4thwkJuly
87.570
84,280
Det.Gr.H.&M. 4thwkJuly
28,927
27,178
Ohlc.Peo.&St.li. July
H
&W
Great North'n—
St. P. M. & M.
Eaatof Minn.
Montana Cent
Tot. system
eKlfB'mnt&K.C
enlf & Chicago.
10.90S
10,136
251,157
2,227,680
294,«59
2,641,248
16,141,363
3,128,843
339,851
6,771.459
6,364.917
330,82"
70,787
43,222
7.032,424
20,077.230
2,797.858
3,585,989
2,117,608
22,856,327
18,499,373
497,963
9,602,052
4,595,863
740.892
1,245,136
930.401
37,2>4
2,618,145
168,923
341,807
327,174
8.478,487
10,038
12,880
236,739
2,301,355
216,085
2,315,091
14,599,382
3,006,173
304,631
5,747,815
6,062,410
324,277
72,098
40,109
6,933,557
19,851,751
2,488,030
3.194,894
1,887,195
19,542,639
16,994,655
476.546
9,617,072
3,724,546
692,537
1,039,841
819,875
33,063
2,588,781
151,796
317,150
333,158
8,336,340
l,0'j9,471 1,053.193
902,249
1,044,769
931.830
910,168
2,173,727
473,061
473,057
6.296
5,347
400,080
408.527
5,433,869 4,877,0.='8
909,257
838,664
281,523
360,563
1,326,297 1,063,480
856,297
1,016,319
13,157.727 12,766,698
27,108
25,923
1S9,403
185,254
800,032
753,451
39,308
48,804
1,982,371 1.757.509
1,640,909 1,809,301
769,864
866,116
260,341
271,008
4,269
5,384
874.158
910,909
682.689
675.055
55-', 189
570,649
216,129
845,285
971,765
200,348
184,674
16,981
19,985
49,182
49,925
1,241,278 1,096,864
14,630,023 13,667,891
2,220,402 2,133,203
502.563
532,401
July
1,819,263 1,469,456 10.315,387
July
274,245 213,346 1,379,717
July
172,522 165,290 1,082,747
July
2,266,030 1.848.092 12,777,851
July
17,944
23,315
163,202
July
3,788
3,008;
Hocking Valley. 2d wkAug.
84,756
59,634 1,894,437
HooB.Tmi.&Wll. December.
3,309
4,137
54.507
HoTiB.&Tex.CeD May
271,476 208.808 1,448,684
Illinois Central. July
2,352,407 2,052,074 16,067,342
Ind.Deo.&West. March
41,370
36,287
118,585
Iiid.Ill.&Iowa. June
58.253
75,911
501,031
In.AOt.North'n. 2dwk Aug.
48,851 2,063,186
59,358
Unteroo. (Mex.) Wk July29
50,930 2,240,900
65,200
Iowa Central... IstwkAug.
43,244
37,456 1,249,925
Iron Railway... July
5,403
3,064
33,006
Jack. T. A K. \it Si arch
33.498
34.193
100.109
KanaWa&Mloti 2dwk Aug.
11,368
8.348
386,517
97,733
23.635
28,814
6,212
4thwkMay
K. O.Pitts.
Kan.C.Sub.Belt l.stwkAug.
L.Erie & West 2dwk Aug.
96,33.=
AG
The following cable shows the gross earnings of every
ITEAM railroad from which regixlar weekly or monthly returns
S»n be obtained. The first two columns of figures give the
gross earnings for the latest week or month, and the last two
columns the earnings for the period from January 1 to and
Inoluding such latest week or month.
Uie returns of the street railways are brought together separately on a subsequent page.
Latest Qro$a
1899.
9
AND
Bo ADS.
WeekorMo
9,328,230
930,224
1,164,003
11,422,457
98,256
1,566.662
54,689
1,305,137
15,282,593
115,525
444.482
1,975,768
1,870.470
1,071,642
28,805
95.944
329,798
LehlKhA Hud.. July
Lehigh Val. RR. June
Leh. V. Coal Co. June
Lex'gton&East. June
LonglslandRR July
Long Is. System July
Los Ang. Term. July
Loul8.Ev.&St.L 2d wkAug.
Lou.H. &St. L.. IstwkAug.
Loulsv.&Nashv IstwkAug.
Macon &Binn.. July
Manlstlque
July
tMexloan Cent. 2dwK Aug.
tMex.Cuern<&P. July
Mexican Inter*! June
JMex. National
Mex. Northern.
2dwkAug.
M.8tP.&S.St.M.
Mo. Kan. & Tex.
Mo.Pac.&IronRi
Central Br' ch
IstwkAutf.
May
IMexloanR'way Wk July29
Mexican So.... 4thwkJuly
Midland Term'l. May
Mlaneap.& St.L. 2dwk Aug.
2dwk Aug.
2dwk Aug.
2dwk Aug.
2dwk Aug.
Total
Mobile ABlrm. June
Mobile & Ohio. July
Mont.<feMex.G'f
June
Nash.Ch.&St.L. June
NevadaCentral May...
N. Y. C. & H. R. July...
N.Y.Ont.&W. 2dwk Aug,
N. Y.Susq. &W May
Norfolk & West IstwkAug
North'n Ala.Ry April
Northes'n (Ga.) May
North'n oentral June
North'n Paoiflo IstwkAug.
Ohio River
IstwkAug.
Ohio Southern. January..
Om.Kan. C.&is July
Omaha & St. L. July
Oreg.RR.&Nav IstwkAug.
Oreg. Sh. Une.. June
Pao. Coast Co. May
Paoiflo Mall
June
June
PeorlaDecAEv 2d wkAug.
Pennflylvanla^.
May
May
Coal & It. Co May
Tot. both Co'8 May
PhlL Wllm. & B Jane
Phlla.& Erie..
Phila.AiRead...
Pitts.C.C.&St.L June
Pitts.Li8b.<feWr July
Pitts. Bes. ALE. 2dwk Aug.
Pitts. AWes'n..
Pitts. CI. &Toi
IstwkAug.
letwkAug.
&F. IstwkAug.
Total system IstwkAug.
Pitt8.Pa.
PlttBb.Yo.&A.. January...
Rlch.Fr'Ksb&l' June
Rio Grande Jet May
RioGrande So'd IstwkAug.
RloGr'de West. 2dwk Aug.
Sag. Tusc. & H. June
St.JoB.&Gr.I... 2dwkAug.
8t.L.Chi.&St.P.' July
St.L.Ken'et&So July
Bt.L.&8anFran, IstwkAug.
St. L. Southwest. IstwkAug.
8t.Paul<feDQl.. July
San.Ajit.&A.P May
San Fran. &N.P July
S. FePres.&Ph. IstwkAug.
Sav.Fla.&West. May
Sher.Shrev.&So 4thwkJuly
Sil.
A G. May
April
Haven & E. June
Sprs. O.
Sioux
C.
& Nor
So.
So. Paotao Co.-
May
May
Morgan'sL&T May
N.Y.T. &Mex May
Tex. AN. Orl. May
Atl. Prop'tes.a May
So. Pao. of Cal May
So.Pac.ofAriz May
So.PacofN.M May
Paolllc system May
Total of all. 6 May
Gal.Har.&S.A
Louls'a. West
9.552
83.54?
Jan. 1
1898.
to
Latest Date
1899.
S
1898.
9
75.207
19,230
21,98C
3,908
81,638
10,761
68.650
31.077
40,607
1,868,316 1,492.659
1,541,660 1,129,933
17,737
22,477
535,999
563,542
626,017
646,149
10,415
17,241
29,552
34,449
8,39J
11,645
395,29.490,015
4,148
4,307
12,163
9,974
244,874 243,^76
25,000
271,929
381,458
128.930 111,886
44,352
66,586
82,20t
78.300
20,33
17,295
37,303
53,37
48.957
39,993
82,150
68,637
23",356
176,342
507,000 474,00C
24,00*
27,000
534.001
498,000
23,405^
27,321
341, 14(
478,505
118,058
92.400
452,530 422,286
6,164
1.699
2,785.958 2,808,001
840,82(
870,62T
195.407'
178,974
135,117
138,651
1,498,659 1,304,218
317,605
278.13S
2,212,971 2.044.304
276,793
209,462
9,319,595 8,429,586
7,850,054 6.414,923
113,683
105,801
2,461,246 2,373,541
2,656,387 2,563,001
65,216
49,506
1,010,092
911.509
340,328
282,755
14,491,281 13,145,799
34,9b2
30,449
71,si7
52,255
9,282,757 8,223,294
253,671
2,27.-=>,792
4,265,191
355.059
2,642,800
454.218
1,665,973
3,740,904
228,793
2,402,600
399,326
1,579,414 1,227,056
2,381,950 2.186,307
6.407.735 6,111.539
15,660,551 15,258,614
687,377
807,262
16,347,928 16,065,876
178.883
182,033
2.952,205 2,413,363
609,816
756,673
2,894,171 2,735,720
8,792
20,340
4,435,407 3,420,74J- 26,987,436 25,181,890
87,333 2,819,620 2,248,596
102,699
186.44i
932,0(
183.647
863.827
270,086 215,392 7,144,938 6,510,284
13,722
71.565
17,366
64,819
4.294
29.733
4.991
28,921
507,302 3,148,194 3,012,494
584,502
541,235 483,092 14,392,301 13,421,446
22,780
612,439
28,689
535,552
62,32S
75.258
75.258
62,323
26.64^
28.801
39,716
35,514
144,690 3,872,318 3,925,860
152,841
601,303 3,604,863 3,053,452
711,18;;
435.952 432.06C 1,929,471 2.292,512
1,815,303 2,156,959
296,113 406,40
5,766.735 5,248,435 33.148,911 31.363,311
17,491
499,852
472,879
19,701
454,476 391,611 1.658,271 1,515.004
1,899,702 l,697,o4t 8.989,929 8,280,407
9,087,150 7,931,567
1,449,570 1,802.85(
3,349,272 3,500,396 18,077,079 16,211,974
945,817 900,817 4,995,011 4,667,011
1,457,389 1,176,630 8,116,260 7,539.284
25,634
3,527
25,622
3.539
962,628
42,253
728,608
53,358
33,536 1,111,784 1,029,946
37,679
557,528
625,495
21,982
19,407
238,258
9,597
216,498
7,848
65,115 1,913,666 1,878,2: 9
64,934
76.676
82.372
82,372
76,676
482,175
8H,669
445,088
104,059
136,297
33.159
138,497
37,964
267.079
9,324
265,317
9,771
58,60(
2,097,943 1,934,659
76,000
62.288
54.057
11,356
13,574
800,521
704,347
26.332
29,259
195,072
27,765
186,506
30,946
48,727
6,677
36,135
8,337
121,992 4,179,091 3,921,967
138,7t7
91,600 3,147,701 2,867,448
99,800
126.460
957,313
814,057
161,573
129.210
662,036
761,583
136,508
512,766
454.424
85,492
99,644
13,710
529,574
471,525
17,953
323,074 426,269 1,565,247 1,.579,076
176,570
145,067
6,998
9,156
104.625
133.219
42,130
29,033
78.586
102,031
18,587
19,400
16.25fc
12,456
3,099
4,500
560,168
114,622
570,536
20,524
164.485
1,445,342
1,270,436
301,696
177,927
3,487,651
4.932,993
Southern Ky.c. IstwkAug.
512,375
Stonya.&C.Mt. June
4,807
474,441
99,832
490,331
23,341
2,350.257 2,249,970
506,972
607,930
2,815,317 2,524.572
102.669
126,362
798,059
657.848
6,786,010 6,177,969
5,903,128 5,433,006
1,454,499 1,470,630
734,378
824,502
15,843,617 15,599,082
22.702,852 21.777.052
15,055,573 13,764.410
11,233
9,794
157,071
152,407
4,553,279 4,214,824
133.264
1,235,370
1,287,185
288,322
161.699
3,568.474
4,803,845
448,213
4,137
Texas Central.. IstwkAug.
4,954
6.695
Texas &Paciflc. 2dwk Aug.
104,208
125,757
Tex.8.V.&N.W. May
2,700
5.000
34,565 1,133,016 1,087,150
T01.& Ohio Cent. 2d wkAug.
39,943
533,471
545,216
Tol.P. AWest.. 4thwkJu]y
20,598
26,418
47,947 1,148.275 1,237,326
Tol.8t.L.AK.C. 2dwk Aug.
41.360
Union Pao. BR.. June
1,757,752 1.514,980 9,207,552 8,386,653
Wabash
2d wkAug. 318,339 282,504 8,881,754 8,021,886
W.Jersey&Sea'e June
294,124 229,924 1,224.152 1,058,752
473,756
515,992
95,986
116.357
W.V.Cen.&Pitte May
150,558
129,520
31,307
33.310
WeBtVa.& Pitts. May
303.207
323,292
43,476
Western of Ala. June
49,633
68,10« 2.007,298 1,724,536
77,300
West.N.Y.&Pa. IstwkAug.
870,981
978,703
36,087'
32,923
Wheel. & L. Erie 2dwkAug.
96,744 3,193,581 2,927,229
Wisconsin Cent. 2dwk Aug.
114,078
41,069
62,579
5,364
Wrightsv.&Ten. June
10,827
35,28ff
37,200.
5,786
York Southern. June
6,415
a Includes earnings from ferries, etc., not given separately. 6 Includes the Paoiflo system and the Atlantic properties, but not the Houston A Texas Central system, c After May 1 Includes South Carolina A
Georgia for both years. * Figures for July are for the railroad only.
Valley and Chicago
t Includes Chesapeake A Ohio So' western, Ohio
and Texas for both years. Results on Yazoo Branch excluded in
§ Cov1899 but included in 1898 untU July 1.
t Mexican currency.
ers results of Jlnes directly operated east of Pittsburg.
THE CHRONICLE.
380
Latest Gross Earnings by Weeks.—The latest weekly earnlags in the foregoing are separately summed up as follows
For the second week of August our preliminaiy statement
covers 33 roads and shows 14 59 per cent increase in the aggregate over the same week last year.
:
2d week of Augns{.
1899.
Ann Arbor
Bait. & Jhio Sonthwfe?
Buflalo Roob. A F Ittsb'g.
.
Canadian
&
Ciloasro
Clilc.
Pacific
East. iIIIdoi"
Great Western
O ilcapo Milw.
Paul
Oiev. Lorain & Wheel'g..
Denver* Rio Grande..
8t.
& Indianapolis.
& Terre Haute.
SvuiBv.
liranBV.
Jf'Unt
<fe
& Pere Marquette
Hoohing
Intem'l
Valle.v
&
Gt. Xortb'ii
.
.
& Western
Evansv. & St. L.
I<a^e Erie
Jboulsv.
Mexican Central
Mexican National
Minneapolis
&
Louis
St.
Mo, Kansas* Texas
Mo. Paoitic, Iron Mc. ..
Central Br anoU
N Y, Ontario & Western
ForiaDeo. & Evansv...
Pitts. Bess.
&
L. Erie
...
Bio Grande Western
Bt. Joseph & Gd. Islanu.
Texas* Pacific
Toledo & Ohio Central...
& Kan. City.
Wabash
Wheeling & Lake Erie..
Xol. St. L,
Wisconsin Central.......
Total (33 roads)
1898.
S
84,7)6
59,358
83.545
34.44S
244,874
128,930
4-1,957
230,356
50 \000
27.000
102 699
19,704
53,358
76.000
29,259
125.757
39,913
41,d60
318,339
36,087
114 07d
579,406
1,087,708
173,473
277,474
146,912
271,966
June 30
2.'iO,518
447,449
228.970
410,366
93,500
158,277
75,266
114,200
922,504
1,804,160
110.679
418.914
827,584
18,853
130,824
324,291
666,234
13,925
141,308
509 780
421,702
863,545
60.267
330.921
10,315
77,900
215,719
18,097
137,269
350,460
72,328
613,363
2.670
20
« .
>
• •••
..••
2 1.549
104,208
34,565
47.947
282.504
32,923
96,744
.......
6a.
$
Previously rep'd (33 r'dsi
Joabama Qt. soutbern
Bait. & Oblo Southwest..
Burl. Ced. Rap. & North.
Central of Georcrla
Ohio. Great Western
&
Chic. Ind'plls
St. L. ..
Chicago Term'l Trans
Cuioago & WestMiobigai
.
fili»\
Col.
Cln. Chic.
Sandusky
&
St.
)....
& Hock'g.
Det. Gd. P.apids
<t
West.
Shore & At..
& Penln
Worth & Denver City
Duluth
So.
Fla. Cent.
Ft.
Pt.Worth <fe Rio Grande.
Georgia
Grand Trunk...
)
Chicago AGr'd TrunK }
Det. Gr.Hav. & Milw. 3
Kan. City l-^t. S. AMem
Kan, C. Mem. & Blrm....
Kan. City Sub Belt
LouisvlUe Evan8.& St. L.
.
liOnisvlUe
Hend.A
St. L..
LoalsvlUe & Nashville.
Minn. St. P. & 8. Ste. M.
Horfolk & Western.
Northern Pacific
Ohio River
Oreg. RR. & Nav
Pittsburg & Western
Rio Grande Western
8t. Louis & San Fran
.
Santa Fe Pr. <St Pbcenlx..
Boutnem Railway
Texas Central
Toledo
&
Ohio Central..
West N. Y.
<fe
Penn
Total i71 roads)
BTet increase (14-13 p.o.).
1898.
$
3,830,318
32,824
$
591,163
3,349
125,9iJ5
86,390
92,494
105,176
64,973
2. ,315
35,463
291,033
21,075
24,144
39.690
62,170
29.^39
43.m6
290.220
17,174
28.209
52.077
52,019
2^107
7,/ 00
Decrease.
9
6,522
4,784
Newb. Dutchess & Conn,—
Apr. 1 to June 30
Jan. 1 to June 30
N. Y. Chic.
813
3,901
...
10,151
3,132
•»*
2i,005
25.038
513,625
427.393
8S.232
97,739
23,635
9 552
75,207
19.230
10,761
29.058
8,391
395.295
68.637
215.392
483,092
22.780
144,690
65,115
44,600
22.532
4,405
34,t>56
^
11.645
490.015
82.150
270,036
541.2 ?5
28,689
152,841
64,934
60.800
138.767
17,953
512.375
6,695
35.327
77,300
7,599,770
217
9.200
Roads.
-Net Earnings.
1899.
1898.
$
80,652
338,296
697.781
10,912
15,547
106.606
27,363
63,330
134.110
& Maine la—
5,S38,567
Apr. 1 to June 30
Jan. 1 to June 30.... 9,5i4.774
53,313
Brunswick AWest.b.May
251,157
Jtn. 1 to May 31
571,824
July 1 to May 31...
70,916
Char. & Savannah. b. May
330,827
Jan. 1 to May 31
604,907
July 1 to May 31....
119,308
Chlo Teim.Transf.b.June
617,241
Jan. 1 to June SO
July 1 to June 30.... 1,221.107
4,787,917
9,087,003
47,207
236.739
543,539
58,795
324,277
574.895
97,067
568,422
1,119,261
1,623,748
2,813,056
14,650
47,007
129,432
23,432
93.043
106,709
81.033
387,828
756,597
1.490,^79
2.597,712
6.741
41.003
153,858
9,331
88,766
99,154
57,844
368.956
May
May
31....
31...,
120,910
1,529,303
3,162,868
1,412.847
2,982,206
328,835
641,127
251,772
507,611
15,771
27,045
95.226
488,478
9,«89
13,831
80,733
430,745
2,294
5.801
38,687
171.265
1.988
33,465
111.103
91,052
84,293
20,182
18,632
106,924
104.059
482.175
898,261
106,683
88,669
445,088
770.726
5,473
32,211
11,131
172,130
302,047
3,470
33,056
16,942
146,850
169,918
414.253
852,268
33,175
61,433
101.476
1 to
724
May 31....
May 31 ...
June 30...,
29
176.773
326.058
3,417
29,033
133,219
272,625
42,130
101.625
195,286
16,762
161,407
64,842
300,765
817,441
19,960
82,496
163.622
200,464
346,570
158,395
316,173
95,135
139,867
66.410
130,512
108,045
180,013
97,510
173,835
30,319
41,867
13,683
34.241
33,537
273,762
30,070
259,450
^
here given are after deducting taxes
b Net earnings here given are before deducting taxes.
a Net earnings
1899.
Roads.
Boston
68,168
320,H78
755.381
Jaa. 1 to
July 1 to
1 to
Staten tsl. Rap. Tr.b—
Apr. 1 to June 30....
Jan. 1 to June 30....
Ulster & Delaware-
36,242
,
Alabama Midland. bMay.
1.132,556
3.864,849
interest Charges and Surplus.—The following roads, in
iddition to their gross and net earnings given in the foregoing, also report charges for interest, &c., with the surplus
OT deficit above or below those charges
^Bal. of Net Earns. —s
-Int., rentals, <8c.-
—
1898
$
844,493
1,912,249
888,321
1,902,912
177,982
1,259,045
3,917,506
6.396
13,300
Western Gas Co.—
Milw'ee Gas-L. Co. July
Jan. 1 to July 31
Net £arning8 Monthly to Latest Dates. The table folloTting shows the gross and net earnings of Steam 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 column and the latest statement of
this kind will be found In the Chronicle of July 22,
1899. The next will appear in the issue of August 26, 1899.
1899.
12,449
5,766
9,204
323,074
426,269
Sav, Fla. AWest.b.May
Jan. 1 to May 31.... 1,S65.247 1,579,076
July 1 to May 31.... 3,617,102 3,280,728
ApL
1,741
1,113.761
1,077.519
2.S,795
29.470
57.510
Joseph Gas L. Co. July
Jan. 1 to July 31
8t. Paul Gas-Lt. Co.., July
Jan. 1 to July 31
Jan. 1 to June 30....
181
716,451
33,587
65.173
St.
Julv 1 to
16,200
16,775
4,243
64.162
127.2.'i4
Louis-
&
Jan.
1,209
12i,ii92
-Gross Earnings.-
St.
Sllv.Sp.Ooala&G.bMay
5,598
3.25 J
94,720
13,513
54.694
58,143
5.909
8,151
13,710
448,213
4,951
35,110
68,100
8 677,289
Omaha &
1,918
4,065
8.684
84,238
267,296
17,009
105,452
308,609
& Pennsylvania—
Apr. 1 to June 30
Jan. 1 to June 30
Oalo River. b
June
Jan. 1 to June 30
Omaha K.C. & EasternJan. 1 to Mar. 31...
Jan. 1 to Mar. 31...
917
967
6,78
30...
30...
tloh. Fred.
Pot.. .June
Jan. 1 to June 30 ...
July 1 to June 30 ...
Baa
348,325
& 8t. L.b—
Apr. 1 to June
Jan. 1 to June
Y'.
942,7 JO
64,676
2.819
27.519
12,373
Jan. 1 to 'une 30.... 5.082.839 5,002,764
July 1 to Juoe 30. ...11,930,334 12,017,237
3.896
13.157
12 337
1,736,959
3,378,024
234,466
1,428,340
30,362
230.001
512,188
87,999
593.403
1,226,386
252.167
1,648.781
Manhattan Elevated b—
Apr. 1 to Tune 30 ... 2,231,471 2,186816
Jan. 1 to June 30
4.574.185 4,616,117
665,721
770.846
Mo. Kan. & Texas. a June
9,042
4,519
8,353
710,093
Jan. 1 to July 31
Apr. 1 to July 31
..
4930
4,414,959
36.173
130,8 55
81,871
97.278
101,280
78,130
23.397
Increase.
June 30....
1 to
& Alabama. a.. June
1 to June 30...
L Erie&West'n.b..June
Jan. 1 to June 30
Madison Gas & Eleo. July
N.
1899.
June 30
Jan. 1 to June 30
For the first week of August our final statement covers 71
roads, and shows 14*18 per cent increase in the aggregate
over the same week last year.
1st week of August.
1,889,254
3,661,184
269,019
1,595,513
27,195
234.677
556,413
88,519
583,820
1,271,629
320,298
1,719,810
July
6,587
581,186
57 i.l44
Fitobburff b Apr. 1 to June 30
Jan. 1 to June 30....
July
.
35,8 3"5
3,164
17,334
3,922,251
& Susq b -
Jan, 1 to
5,378
p. o.^
1 10
F:int& Pere Marq.a.June
Jan. 1 to June 30....
Ft. Worth & Rio Gr. June
{98
17.044
8.964
54,014
33,000
3.000
15,366
2,213
11,105
17,400
2.927
Apr
Albany
1
1,284
9.234
25,122
10,507
14,895
4,896
&
Renns. & Saratoga b—
Apr. 1 to June 30
Jan. 1 to June 30
N. Y. & Canada b-
..a.
12.341
106,06
8.470
28,200
17,491
42,253
58,60a
26.332
4,494,393
Pet increase (14-59
600,703
1,103,235
Apr. 1 to June 30
1.055,830
Jan. 1 to June 30 ... 2,029,454
Oet.Gr.Rap.&West.a June 127,350
Jan. 1 to June 30....
755,023
...
9
142.677
862,391
24,031
125,298
270,384
2,455
104.027
623.207
29,666
165,200
7.105
27.484
55,626
59,634
48,851
68.650
29.552
243,876
111,8S6
39,993
176,342
474,000
24.000
87,333
-Net Earnings.
1899.
1898.
»
»
20,723
1.744
198,102
151,499
4,402
8,560
32,764
16,152
47,719
72,369
Roads.
$
W. Mloh
.Tune
173,2-10
Jan. 1 to June 30
1,032,139
Cin. Ports. &Va b June
25,557
Jaii.l to June 30
139,171
July 1 to June 30 ...
293,714
Delaware & Hudson Canal
Ohio.
9
12 292
83,000
11,800
81300
64860
-Gross Eamings.1899.
1898.
LXIX.
Jan. 1 to June 30
*
3.770
$
24,752
132.768
79.432
484,000
28,522
130,313
91,724
567,000
93.100
116,S68
729.271
38.136
1J3,400
7.125
28.768
Decrease,
Inerttise.
[Vol.
Boston
741,210
1898.
1899.
1898.
$
& Maine-
'446,871
*400,703
Apr. 1 to June 30.... 1,404,384 1,364.422
33.294 deM3,147 def 31.550
33,870
Ohio. & West Mich.. June
206,240 def.9,816 def.54,741
207,918
Jan, 1 to June 30
5,037
558
13,367
13,816
Gr. Rap. & W. June
Det.
29.00 J
96,545
44,763
101,824
Jan. 1 to June 30...,
Fitchburg 113,290
19,638
402,064
396,490
Apr. 1 to June 30
11,758
6,537
52.917
63,730
Flint <t Pere Marq. June
30,652
321,176
9,745
317,673
Jan. 1 to June 30...,
Ft Worth & Rio Gr.—
168,717
116,167
99.552
98.579
July 1 to June 30
61,992
12,041
60,287
65.262
Lake Erie & West... June
325,253
252.286
391.201
361.077
Jan. 1 to June 30
285,539 df. 108,858 dM64,629
286,840
Mo. Kan. & Texas.. June
487.095
437,679
3,430,411 3,427,170
July 1 to June 30 .
After allowing for other income received.
.
STREET RAILWAYS AND TRACTION COMPANIES.
The following tal)le shows the gross earnings tor the latest
period of all street railways from which we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the
ttrst two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including: such
latest week or month.
—
.. .
.
August
19.
-
.
.
.
—
.
THE CHRONICLE
1899.]
Latest Qrots Earnings.
OSOBS
WeekorJIo
Interest Chargies and Sarplas. The following Street
railways, in addition to their gross and net earnings given In
the foregoing, also report charges for interest, &o., with the
surplus or deficit above or below those charges
Int., rentals, etc.
^Bal. ol Net Eam's.s
1898
1899
1898.
1899.
Boads
$
S
S
$
July
23,907
22,173
24,918
14,160
Toledo Traction
ran.l toLateitDale
1899.
1898.
1899.
381
—
STREET RAILWAYS AND TRAOnON COMPANIES.
Earnings.
)
.
1898.
—
—
.
Albany Railway
Amsterdam St. Ry..
Atlanta Ry. & Power.
Bay Cities Consol
Binghamton St. Ry. .
Bridgeport Traction.
Br'klyn Rap. Tr. Co.Brooklyn Heights..
July..
July.
June
June
Total
Citi.
July
& Miami Val..
Newp. & Gov
..
City Eleo. (Rome.Qa.)
Cleveland Electric...
Oleve. Painsv. «Si E.
Columbus St. Ry. (O.)
Denver City Tram...
Detroit Citi'ns' St.Ry.
Detroit Eleo. Ry
Detroit Ft. Wayne &
BeUe
9.916
14,62^
3j,019
May
June
July.
...
June
June
....
49,5>»9
71,578
162,276
3526.562
J,325.'^06
2,741
141,738
8,987
15,417
819,580
50,6 iS
432,358
ANNUAL REPORTS.
Annual Reports.— The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
aompanies which have been published since the last editions
1,233.086
889,27 m
1,189,720 ',226,62 2
5,949,368 5,4tl,4' 6
49.219
37,984
60.199
107.097
June
let wk July 36,992 26,148
7,487
9,065
IstwkJuly
July
325,.S92
651,869
215,596
This index does not include reports in to-day's Chronicle.
Railroads & Miscell. Co.virAxiES. RAILROADS & Miscell. Co.'s— (Con.)
41.3 i7
Volume 6P—
.\tcli.
5'80',i22
Boston Electric Light
Buffalo Rochester & PittsburR..
281
28 >
226
rsi,
33"
Cnicaso Burl. & Qulncy
Chicago & Eastern Illinois
Chicago Edison
(bicago & North Western... 279,
Cleveland Cin. Chic. & St. Louis.
Denver & Rio Grande
Frank Jones Brewing Co.. L'td..
Hawaiian Com. & Sugar Co
280
28
227
287
280
28'
227
2-1
281
281
281
331
114 325
Erie Electric Motor.. March
Galveston CityRy... April
Harrisburg Traction. June
'24,3l'i
140, 2 3*5
118,772
lon&F'kfortEl. Ry. June
Eonston Elec. St. Ry. June
3,404
18.697
2.868
17,151
20,954
102,868
19.459
89.155
July...
July...
July...
16.132
9,440
13.876
11046
June
Juoe
4 740
a.0i2
9.143
3,610
9,791
9.433
8,364
493,867
134,407
i43,9i7
4,761
8,031
6,060
111,113
1,754
33,059
13,699
8.892
4,459
2,743
4.593
34,330
15,783
84,626
37,615
59,445
22,445
38.660
51,407
77,008
75,951
33.635
53,676
18.113
47.414
36,913
48,477
Interstate Consol. ol
North Attleboro....
SOngston City Ry. . .
Lehigh Traction
Lima Railway (Ohio)
London St. Ry.(Can.)
Lorain <fe Cleve
Los Angeles Tract...
Mass. Elec. Co.'s ..
Milw. Elec. Ry. & Lt.
Montreal Street Ry
Muscatine St. Ry
St.
Hew London
Ry
St.
..
11.468
12,87i
551.359
150,263
L54 018
4,655
8,996
6,774
120 871
1,931
37.841
16,847
10,729
4.564
2,783
4,900
38.027
18,869
July...
June
...
July...
April..
July. .
. .
Newburg
..
June
June
Ry.. June
,.
..
..
NewOrleans City
July...
Ogdensburg St. Ky... June ..
Paterson Ry
June ..
Richmond Traction.. June ..
itoxh'hCh.H.&Nor'n May. ..
Bohuylkill Val. Trac
March.
doranton & Carbond'e April
Boranton & Pittston April
Boranton Railway
'July
Staten Island Elec.lMay
Syracuse Rap. Tr. Ry.' June
Toledo Traction
July
Toronto Ry
iJuly
Twin City Rap. Tran.ljune
I
Union
(N. Bedford)..
U'tdRys.Elec.(Balt.)
United Tract. (Pitts.)
United Tract. (Prov.>
Ualt. Trac. (Reading)
Waketield& Stone....
West Chicago St. Ry
Wilkes &Wy. Val....
1
*
t
9,2sJ0
91,417
31,170
602',447*
7,7.^9
34,i5i
12,349
213,341
64,743
221,141
1899.
Soads
$
Bay Cities Con.St.Ry.. July
Jan. 1 to July 31
City Elec. (Rome.Ga).. July
Jan. 1 to July 31
.
Cleveland Eleo. a... June
Jan. 1 to June jO
Columbus (0.)8t.Ry..July
Jan. 1 to July 31
InterSt Con.St.Ry.
No. Attleb, Mass. July
Jan. 1 to July 31
Oct. 1 to July 31
July
Lehigh Traction
Jan. 1 to July 31..,.
Lorain & Cleve. Ry.July..
9,407
49,589
9
1996-7.
1:95-6.
4,827
4,654
640
525
638
524
19,457
275
—
EarninjS—
$
$
$
$
16,099,293 13,6 9,164 12,38(5,902
5,394,518
4,832,848
7,083,253
1,261,422
1,909,294
1,110,063
428,560
445,033
505,469
367,830
321,127
404,249
Freight
Passenger
Mail
Express
Miscellaneous
Total
12,055,240
5,287,914
934,052
377,334
427,707
25,353,636
21,095,839
19,079,500
19,082,247
8,298,428
3,597,261
3,79 .',304
1,670,361
7,263,724
3,031,171
2,751,824
1,455,145
6,'745.999
6,798,082
3,388.699
2,093,985
1,170,681
Way
and structures.
Mdint. of equipment
General and taxes..
2,920,190
2,250,766
1,316,201
17,356,355 14,501,864 13,233,156 13,451,447
7,997,331
6,593,975
5,846,314
5,630,800
63-74
69-35
63-45
P. c. of exp. to earn.
7049
* (OOO's) omitted.
t Not including company's freight.
on the following averages of miles
TI The operations are reported
op rated for the year in 189 i-9, 5,254 in 1897-8, 5,254 in 1896-7,
Total
Net earnings
;
:
4,806,
and in 1895-6,
;
4,574.
INCOME ACCOUNT.
Ae< Xarmngs.
185^8
1899.
S
S
4,234
4,07
13,289
15, all
•
209,920
11^,550
6,593.973
149,481
198,897
5,846,344
152,910
133,9^3
1895-96
$
5,630,800
113,631
74,876
8,325,801
6,942,351
6,133,177
5,819,307
Miscellaneous
6,207,253
24,028
5,862,768
72,571
5,612,234
75,022
5,218,370
44,458
Total
Balance, surplus*..
6,231,281
2,094,520
5,935,339
1,007,012
5,687,256
445,921
5,262,828
1898-99.
1897-98.
1896-97.
$
Net earnings
7,997,331
Inc.frominvestm'ts.
Miscellaneous Inc..
938
686
15.417
*83,387
819,580
9.916
48,625
2,741
13,835
141,738
830,911
3,417
* 10,693
321,417
2.165
50,726
311,.=^91
75.849
4S2.358
60,199
388,241
46.246
212,086
30,349
201,439
16,132
84,626
120,546
11,046
59,445
11,468
51,407
12,873
77,008
120,871
805,164
13,876
75.951
107,735
9,143
53.676
9,433
36,913
8,334
48,477
111,113
783,288
91
5.563
11,981
3,983
20,691
7,825
28,085
2.56)
15.398
47,454
3J0,012
5,332
17,301
22,359
4,889
19,618
6.080
19,229
2,447
14,093
305,8^3
139,156
381,770
34.330
213.341
78,122
163,494
20,227
109,900
68,936
141,455
18,424
104,042
581.103
1,165,719
85,055
286,510
476,921
48,826
323,817
528,355
36,339
Due from
132,743
248,813
60,833
111,262
67,429
107,908
$
Due from Reorgan-
'2,847
Jan. 1 to July 31
Los Angeles Tract. June
Jan. 1 to June 30...
Hew Orleans City. .July
Jan. 1 to July 31
Rochester Ry. fa206.185
Apr, l to June 30 ...
Jan. 1 to June 30....
412,138
38,027
Boranton Rail way... July
Jan. 1 to July 31. ...
226,875
Third Ave. RR. (N. Y.) to—
Apr. 1 to June 30
535.062
Jan. 1 to June 30.... 1,027,837
July
Toledo Traction
99.030
Iroy City RR.b—
146,216
Apr. 1 to June 30..
Jan. 1 to June 30....
275.118
.
'Strike in Oleveland
1898.
Page,
24
332
281
23,912
21,162
19,118
Freight cars
367
304
446
service cars...
89
9
6
Tug8,b'rge8<fe stmrs.
5
OptralionsX
4,057,327
4,536,254
5,118,011
4,139,473
Passengers carried
Pass, car'd 1 miie... 311,020,836 243,420,784 203,763,405 250,205,340
2-372 cts.
2 113 cts.
2 321 cts.
Ritep.pass.p.mile. 2-2Uct8.
9,646,226
7,904,706
Fr'ght (tons) car'd t 10,220,200
7,941,980
Freight (tons) car* 1,587,69 4
*1,324,015 "1,239,686
*1,771,925
ried 1 inilet
0-922 cts.
0-936 cts.
0-972 cts.
89 ^ cts.
R ite per ton p. mile.
Expenses —
Conducting trans'n.
Street Rallwa; Net Earningrs.— The following table gives
ihe returns of Street railway gross and net earnings received
this week. In reporting these net earnings for the street railways, we adopt the same plan as that for the steam roads
that Is, we print each week all the returns received that
week, but once a month (on the third or the fourth Saturday,
we bring together all the roads furnishing returns, and the
latest statement of this kind will be found in the Chronicle
of July 22, 1899.
The next will appear in the issue of
— erqtt MarntngM.—-.
686
593
Locomotives
Passenger cars
99,OiO 85,055
116,924 104,302
201,967 171,505 1,151,353 1,005,035
June
20,413 15,782 100.599
87,268
April
.J4l,340 313.038
June
143,182 132,621 784,052 728',345
June
175,617 148,964
917,730 817.«8i
July
27,001 22,876 121,845
110,701
Miy
5,204
4,861
19,531
19.157
3dwk J'ne 88,739 80,696 1,885,100 1,"'84.064
Mav
47,463 42.421
204,840 194.745
26, 1899.
1897-8.
5,232
764
6H2
Equipment—
Road
226.875
67.016
244,018
.
Pittsburg & Birmingham Trac.
Rochester Street Ry
1898-9.
5,959
Miles ooer. June jo
These figures include results on Bridge Divlsioi.
Strike in June, 1899.
Strike in June, 1899, from 10th to 25th.
August
Street Railways.
Volum' 69—
Milwaukee Elec. Rv. & Light..
:
172,001
36,855
11,624
.
Southern Railway.
27,103
35,011
21.104
789 238
8 8j7
.
Volume 69—
Pagt.
S31
Mex. Cuern &,'P&c.. official state..
Mex. NHt. Ry. Depositary Co ...
226
Mobile & Ohio
332
New York Ontario & Weste^-n.
.'iSl
Norfolk A, Western
280
St Louis & San Francisco
28
San' a Fe Prescott & Phoenix....
281
Toledo &• Ohio Central
331
Wagner Palace Car
332
Western N. Y. & Penn
332
(For the year ending June 30, 1899.)
The report in full of Mr. Simuel Spencer, President, and
extracts from the report of the General Manager, together
with the Balance Sheet, Income Account, and several other
The comparative
tables, are published on pages 3S9 to 39.5.
tables below, compiled for the Chronicle, show the results
of operations of the company for four years
OPEKATIONS, EABNISGS AND EXPENSES.
8,^8,9 {8
191,130
'^t•0
Iniernational Paper
Kan. Citv Ft. Scott & Memphis
Kan. CilV Memph. & Birmingh.
Louisville & Nashville
530,248
9^9.647
28,431
36,383
21,931
805.164
Topeka & Santa Fe
("alumet & Hecia Mining
C.iesapeake & Ohio
201,174
10D,321
123,a00
35,102
Herkimer Mohawk II
Page.
388,241
3,739
17.796
10,081
IstwkJuly
July
and Street Railway Supplements.
of the Investors'
303,50'
13,835
830,911
4,778
21.801
9,822
18,739
31,752
Isle
Dnlath St.Ry
.
48'.625
72.798
164,80j
560,434
137,628
237,412
935,474
11.097
56,855
533.284
178,439
174,152
885,875
12,633
63,141
2,847
{83,y87
11,224
75,849
105,938
July
U
*
299.142
20,182
259,125
32,939
. .
22,2
4.4i>9
16 488
.
Brooklyn Elev.t.... July
Nassau Electric.
July
Cln.
56,555
61,921
4,827
45.9 .)8
9.407
Tune
May..
«
338.453
from Juie 10
34,-223
Total
Dedtict
—
Fixed charges and
rentals
*
There was paid on preferred stock 1 per cent in Jan., 1S97 ($543,and 1 per cent ($572,901) in
-will be paid in October, 1899.
000), 1 percent Jan., 1893 (8543,900),
Jan., 1899; also 1 per cent ($600,000)
GEKEHAL BALANCE SHEET JUNE
1899.
1898.
30.
1897.
1896.
$
$
$
$
273,350,974 263,580,832 254,133,245 251,671,030
Assets-—-
Cost of road
Cost of equipment.. 13,597,128
Securties pledg'd or
held for control ... 21,49 3,277
Securities owned... 3,056,9 52
Materi'ls&suppli's.
1,193.373
BiUsrec, deferred..
179,191
Ins. paid,notaocr'd.
3,516
Sinking fund
130,515
12,275,338
11,467,454
16,068,201
14,712,«»73; 15,126,898
1,99 -(,061
1,078,539
173,311
18,521
104,272
1,382,593.
957,9iO
412,495
19,896
52,689
11,323,401
1,743,524
18,467
10,698
Cash in hands and
intransit
ag'ts, etc.
"
"
"
U.S. Gov.
" OOD. lines.
" indiv.&co's
Bills rec'ble, curr't.
to 25.
556,479
ization
Com
Total assets
3,338,676
507,456
332,948
556,017
1,013,508
66,530
2,566,496
396,598
321,014
718,732
532,359
62,079
2,410,848
436,589
2-2,322
54-2,779
291,833
210,972
2,436,067
361,406
242,724
394,663
427,793
76,363
1,064,645
318,903,571 299,894,853 287,324,643 284,897,679
THE CHRONICLE.
382
Liabilities
1S96.
1897.
1898.
$
$
$
$
120,000,000 120,000,000 120,000,000 120,000.000
54,;i00,000
60,000,000 57,290,400 54,300,000
103,932,300 101,236,000 £0,660,500 79,314,500
1899.
—
Common
stock
Preferred stock
Funded debt
Outstanding secur'a
25,711,000
279,770
24,147,500
577,528
287,822
620,376
249,896
472,356
300,818
240,096
120,883
249,053
597,465
524,430
508,117
502,554
of leasehold esta'e 21,508,000
239,992
Equipment notes...
2,950.000
Certs.of Inrt'bt'neBs.
K.C.G.&L.Ry.purcli
Reserve funds
Taxes acc'd.not due.
Int. and rental accrued, not due
Int. and rental due
and unpaid
Foreign ffrtil.claims
Audited voucliers..
Pay
June
rolls,
Due connecl'g lines.
DueindiT'ls&co.'s.
Miscellaneous accts.
Profit
and
loss
202,818
1,000,000
1,536187 2
.
Reserv.fordiv.No.4.
12,850,00')
[Vol. LXIX.
Iowa Central Railway.
Statement for the year ending June 30,, 1899. J
C
The results for the late fiscal year compare as follows:
1898-9.
Gross earnings
Operating expenses
1896-7.
18f.7-8.
$2,135,550
1,495,679
$1,571,992
1,100,161
$639,871
451,690
(3%)172,850
Net earnings
Fixed charges
Dividends on prof, stock
$1,880,126
1,330,808
$543,318
437,840
$471,831
$15,331
$105,478
.$33,155
Balance, surplus for year..
43:i,276
-V. 68, p. 282.
1,829,790
1,654,727
1,632,846
1,07'7V2'78
830,947
1,165^?'47
728,551
422,970
230,197
177,196
1,454,951
1,909,532
30,113
1,252,971
600,000
&57,993
398,217
292,i37
149,495
2,366,564
672,011
326.470
106,634
115,368
623,595
143,362
440,755
197,231
1,452,225
Ulster & Delaware RR.
C Report for the year ending June 30, 1899. J
Earnings, etc., have been as follows:
EARNINGS, EXPENSES AND CHAHGE8.
189S-9.
1897-8.
1896-7.
GroES earnings
Operating expenses
$417,192
291,417
$405,267
2h9,202
$400,756
2o9,699
Net earnings
Other income
1,139,831
$125,776
10,900
$lie,065
10,000
$111,057
16,700
$136,676
io« ^nQ
126,609
$126,065
119,956
$127,757
5 98,766
( 20,322
$126,609
$10,067
$119,956
$6,109
$119,088
$8,663
Total liabilitie8.318,903,571 299,894,853 287,324,643 284,897,679
*
Includes $1,394,000 Southern Ry. consols, in treasury.
—V.
69. p. 28.
Total
Oregon RR. & Nayiffation Co.
(Sta\ anient for the year ending June 30, 1899.)
Interest, etc
Taxes....
1898-9.
1897-?.
Earnings from operation, rail lines
Earnings from operation, water lines
$6,258,282
747,697
$5,992,471
902,923
Total operating earnings
Operating expenses, rail lines
Operating expenses, water lines
$7,005,979
$3,387,225
742,080
$6,895,398
$3,186,878
766,542
Total operating expenses
Net earnings from operations
Miscellaneous income
$4,129,305
$2,876,674
73,107
$3,953,420
$2,941,973
77,866
$2,949,781
$3,019,839
Total
Charges against net earnings were
Improvements and new equipment
Depreciation of water line equipment
:
$35,997
94,610
830,356
163,110
165,888
Interest on funded debt
First mortgage sinking fund
Taxes
Discount and interest
Dividend on preferred stock
Dividend on common stock
6,993
(5)
$1,736,954
$1,212,827
Total charges
Balance, surplus, for year
—V.
440,000
(4)
$89,350
865,492
154,230
156,296
616
550,000
240,000
$2,055,984
$963,855
69, p. 187.
I
Total
Balance, surplus
GENERAL BALANCE SHEET JCNE
Assets.
Total..
-V. 67, p.
$3,917,506
3,430,411
$3,864,84 9
3,427,170
Inc.
Inc.
$52,657
3,241
$487,096
$437,679
Inc.
$49,416
Net earnings
Fixed charges
Balance, surplus for year.
68, p. 977.
Mexican Central Railway
Co. (Limited.)
C Statement for the six months ending June 30, 1S99.J
The following is an official statement for thej first half of
1899 compared with the same period of 1898
. .
Miscellaneous
Profit
and
73,045
450,548
surp
loss,
Total
$4,573,965
Manhattan (£leTated) Railway.
CStatement for year ending Jane 30, 1899. J
The results for four years have been as below given
1898-99.
1897-98.
1896-97.
:
1895-96.
$
$
$
£
Gross earnings...
Oper. expenses.
8,719,495
5.149,487
9.183,542
5.326,657
9,163,740
5,30;,:,351
9,256,931
5,530,958
Net earnings
Other income
3,570,008
340,600
3,856,885
211,715
3,861,389
180,276
3,725,973
232,520
3,910,608
2,678,414
4,068,600
2,645,324
4,041 ,665
3,958,493
2,840,397
.
.
.
.
2,707,016
1,232,194
1,423,276
1,334,649
1,118.096
(4)1,558,971 (4)l,200,00y (5)1,500,000 (6)1,800,000
Result.
Dec. $116,902
Dec. 169 560
$1,794,600
Funded debt
1,997,300
Int. due and accrued.
12,472
Loans and bills payable 246,000
.$4,573,965
Balance
Dividends
1897-8
$12,047,237
8,182,388
Capital stock
1:78.
Fixed charges
1898-9
$11,930,334
Operafgexpenses and taxes. 8,012,828
Gross earnings
30. IS 99.
Liabitilies.
Cost of road and equipment
$3,606,647
Stocks of other cos
740,000
30,054
Supplies on hand
72,696
Open accounts, etc
124,558
Cash on hand
Total
Missouri Kansas & Texas Railyray.
('Statement for the year ending June 30, 1899.
The results for the late fiscal year compare as follows:
-V.
>
.
def.
326,777 sur. 223,276 def. 165,351
GENERAL BALANCE SHEET JUNE
def.
681,904
30.
Assets.
1899.
Cost of road and equipment
$62,608,639
Cost of leases
14,014,000
Other permanent investments, real estate.. 3,031,995
Supplies on hand, etc
222,152
Due on account of traffic
9,807
Due bv companies and individuals
104.868
Cdshonhand
993,699
Loans on collateral
13,149,220
Jay Gould suretyship
300,000
Redemp. N. Y. E. RR. 1st 7s and int. thereon.
8,H23
Sundries
143,908
1898.
$60,477,147
14,014,000
2,592.045
242.401
8,679
6,408
106,958
140,000
300,000
8,622
108,625
:
1898-9.
Ine or Dee.
Inc. $630,140
Inc. 387,608
1897-S.
Gross earnings (Mexican cur'j-)$7,369,4 34
Operating exp. (Mexican cur'y) 4,965,661
$6,739,294
4,57 8,053
Net earn'gs (Mexican cur'y)$2, 4 03,773
Ave. rate rec'd. for Mex. dollars. 4892c.
Net earns., equiv. in U. 8. cur.. $1,176,005
deduct 7,866
Miscellaneous items
$2,161,241
46 -040.
$995,051
adds
Balance for fixed charges. $1,168, 139
1,2J; 4,530
Fixed charges
1,250,757
$86,391
$255,703
Inc. $242,532
Inc.
2-88C.
Inc. $180,954
Dec.
7,8t9
Deficit
$995,054 Inc. $173,085
Inc.
3,773
Dec. $169,312
The deficit from the operation of the railway, as above, was
But the net income of the subsidy trust fund for the
first 6 months of 1899 was
$86,391
20,000
Totalassets
$94,587,111
$78,004,885
Liabilities.
Consolidated capital stock
Subscriptions to increased capital stock
Funded debt
Loans and bills payable
Interest on funded debt due and accrued
Dividends unpaid
$47,950,568 $30,000,000
49,4 32
39,547,000
39,546,000
1,425,000
292,910
357,250
7,374
57,374
355.719
436,881
1,482.758
1,033,347
74,027
73,172
44.035
45,035
300.000
300,000
^1,503
9,554
4,461,785
4,721,272
Due for wages and supplies, etc
Taxes in litigation
Due companies and individuals
Convertible bond certidcates
Manhattan Ry. 4 per cent bonds, special
Sundries
Profit
and
loss (surplus)
Total liabilities
$94,587,111
$78,004,885
-V. 69, p. 131.
Making the net deficit
The balance of the subsidy
And
$66,391
trust fund on July 1, 1899, was. $2,091,926
the investment in the $5,5 97,000 of priority bonds was 6,122,646
Making
a total security July 1, 1699, for
Interest on mortgage bonds of
-V. 69, p. 283.
payment
of
$8,214,572
previous years:
Boston & Albany Railroad.
fFor the year ending June 30, 1899. J
The annual report
will
show
1897-8.
$
Passenger
EARNINGS, EXPENSES, ETC.
1898-9.
$
3,761,190
>
>9,325,035 4,291,525
'1,188,853
)
1896-7.
$
1895-6.
1897-8.
1896-7.
$
results as follows:
1898-9.
Boston & Maine Railroad.
(Statement for the year ending June 30, 1899. J
In advance of the pamphlet report, the statement of results for 1898-99 has been issued, which we compare with
$
$
19.742,946
19,556.687
13,556,214
20,460.(92
14,507,18a
19,890,607
Gross earnings
Operating expense8.*13.705,977
13,68(.'.790
$
3,814,025
4,124,320
1,176,279
4,100,816
4,134,198
1,115,618
1895-6.
ifi
Total
Expenses
Net
Deduct—
Rental
Interest on debt
Dividends (8 per
Total
Surplus
—V.
69, p. 333,
Net earnings
Other income
6,1^4,e30
656,553
6,062,156
697,320
6,000.473
638,509
5,952,909
644,452^
Totalnet
Fixed charges
6,841,184
5,493,939
6,759,475
5,426,272
6,638,982
5,301,086
6,597,361
5,219,259
1,347,244
Freight
Mails, etc
;
67,8:t9
1,333,203
69,779
1.337,896
68,601
1,378,102
72,633
1,279,415
1,234,002
1,263,424
1,234,002
1,269,295
1,234.002
1,305,469
1,234,002
45,413
29,422
35,293
71,467
9,325,035
6,677,662
9,241,568
6,795,002
9,114,625
6,658,075
9.350,632
6,911,865
2,647.373
2,446,566
2,456,549
2,438,767
Sinking fund..
78,000
78,000
337,980
337,980
2,000,000 2,000,000
78,000
337,980
2,000,000
Balance
Dividends
78,000
337,980
cent).... 2,000,000
2.415,980 2,415,980 2,415,980 2,415,980
231,393
30,587
40,569
22,787
Surplus.
* Includes in 1898-9
-V. 69, p. 129,
$489,714 for equipment and automatic couplers,
:
August
—
.
—
J
THE CHRONICLE.
19, 1899.]
383
BR
and the Troy City Railway Co., as also, it is understood, the
Troy & West Troy Bridge Co. and the Union Bridge Co.
^Earnings for the year ending June SO, 1899. J
The details of the proposed union are still under consideraThe earnings for the late fiscal year of the old company re- tion, but it is thought the Albany shareholders may receive
cently foreclosed, the Railway Company having been incor- 3^ shares of the consolidated stock for one of Albany and
porated as successor on July !<!9 last, as announced on August the Troy stockholders 1 4-5 for each of their shares. It is
further claimed that eventually the Trov & New England
5, page 284, have been compiled, and compare with previous
and perhaps other lines may be acquired by the new comyears as follows
Staten Island Rapid Transit
Years end. June 30Gross earnings
Operating expenses
1899.
1898.
1897.
$693,597
401,858
$680,284
375,653
$648,414
392,323
$291,739
$304,631
$256,091
$238,635
33,338
82,595
$220,455
24,576
82,164
$220,227
26,119
$354,568
$327,195
$328,447
def.$22,564
BALANCE SHEET JUNE 30, 1899.
def. $72,356
Net earnings
Deduct —
Interest
Taxes
Rentals, etc
Total
Balance
82,101
def.$62,829
GENEKAL
Liabililies
Total
Total
$10,180,900
$10,180,900
69, p. 284.
The statements
to the
as follows:
New York
Railroad Commissioners
1898-9.
1897-8.
$2,140,213
1,251,883
$?,506,861
1,419,206
1896-7.
$2,59 >,473
1,440,767
$888,334
420,405
$1,087,655
104,030
$1,149,706
45,441
$1,308,735
366,373
Gross earnings
Operating expenses
$1,191,685
371.763
(8%)800,000
$1,195,147
367.283
(8%)875.000
$19,922
def.$47,136
Net earnings
Other income
Total income
Charges
Dividends
(7i4)830,000
Surplus
$112,362
GENERAL BALANCE SHEET JUNE
Cost of road & equip.. .$17,042,947
Stocks and bonds of
other cos
9,769,632
Other perm, invest's.. 1,425,318
2,1x7,093
Open accounts
Cash on hand
324,051
30, 1899.
Liabilities
Capital stock, com, ...$12,000,000
—
Funded debt
?, 000,000
Loans & bills payable 13,385,122
on fd. debt due
and accrued
Mortgages
Profit and loss surp..
125,000
91000
147,919
Total
.$30,749,041
Total
$30,749,041
-V. 69, p. 334.
GENERAL INVESTMENT NEWS.
of many subscribers we change the aroar lavestment News.
Hereafter it will
into
Under
two classes or departments.
"Railroads, including Street Roads" we group everything
relating to the railroads, whether steam roads, street railways or traction companies. Under "Industrial, Gas and
Miscellaneous" we give the news regarding all other companies of whatever kind gas, electric light, industrial and
At the request
of
—
miscellaneous.
R.— Large
Sale of Preferred Stock.
Keorg-anizations, Etc.— Latest Data as to Defaults, Reoi -
—
Railroads &
Railroads & Miscell. Co.'s— (Co/i.)
Amer.
Volume ti9—
Page.
286
Senaca Falls (N. Y.) Water.rec'c.
2rf4
Sioux City Termina!
sale.
Southwestern Arkansa* & Ind.
MiscellL. Companies.
Voluinf 6iPagi
Elec. Heating
default.
»35
Bait. Belt. notice to bondtwlderi.
2J7
B. & O. Southwest. .successor co.
282
Bklyn & Brigbtoa Beach. rec'ship.
228
Butte Gen. Electric. .iTor!/. plan.
228
Central Pacific Ry ...successor co.
282
Cleve. Cant. & So
pay't on deposited C. <k C. Isl 5s
333
Col. Sand & Tiock .)ud. proceed'gs.
22S
Colorado & Sout&ern
decision.
283
Gadsden Land & Imp't. ..receiter
283
Illinois Fuel & Power
receiver.
229
K. C. Pitts. & G.rec'rs certs., ctc.283, 333
Lexington (Mass.) Gaslight. sa!e
Aug. 5
229
2K8
L. Rock Hot Sp. & T.successor co.
Lou. Ev. & ht. L. Con.rec'rs ceHs,
229
—
.
.
Memphis & Charleston
suit to
a^ide foreclosure
N. V. Breweries
pending reorg.
Pitts. Painsv. & Fairport.. notice
to bondholders
Pdttsv. Ir. & Steel. sn!f confirmed.
s t
J ohn.de fault.
333
336
Ry
Ter.
Staten
Isl.
Tol. St. L.
Rap.
& K,
C. further delay.
.
.receiver.
default.
Street Railways.
Volume 69—
City El. Ry. (Decatur,
231
i'S*
314
284
233
Page.
111.).. .sale
Sfirf.rt
33:?
Columbus
283
2S3
283
(O.) Cent'l Ry. .decree.
E. 8. Ry. (Portl'd. Or.).. .fnreclos.
Hartford & West Hartford.. '"irf.
Highland Ave. & Belt RR. (Birsold.
mingham, Ala
Oxford Lake Line (Anniston,
Ala.)
sale.
Phoenix (Ariz.)
230
281
230
sale Oct. UK
Tr... successor co.
Velasco Terminal RR.
Wiscasset & yuebec
Roanoke
do
Albany City Ry. — Troy City Ry
— Central Trust Company interests
St. Ry... fortc(os.
(Va.) St.
do
Ry
—
day. Tkie purchase was by a syndicate formed by some of
the strongest and most influential insiders. The stock was
transferred and paid for yesterday. "New York News
—
Bureau," Aug. 18.— V.
Baltimore
69, p. 333.
& Ohio Southwestern RR.— lior/grage.— The
new company has filed a mortgage for
Farmers' Loan & Trust Co. and W. H. H.
$45,000,000 to the
Miller as trustees.
The 31^ per cent bonds secured by this mortgage, it is understood, will be deposited as security for the bonds which the
Baltimore
Ohio will create under its Southwestern Division
mortgage for a like aggregate amount see page 16 of Investors' Supplement.— V. 69, p. 282,
—
Boston & Albany.— ^warfeWy.— Earnings for the quarter
ending June 30 have been reported as follows:
"imos.
ending
June 30 —
1899
1898
The
Net
earnings.
Gross
earnings.
Dividends.
Interest,
taxes, etc.
Balance,
surplus.
$2,404,523 $775,632 $117,800 $500,000 $1.=>7,832
2,208,379
700,834
108,131
500,000
92,703
figures for the fiscal year ending June 30 are given on
a preceding page under "Annual Reports."
Boston & 'HL'AvLQ. — Quarterly.
ending June 30 were
— Earnings
—V. 69, p. 333.
for the quarter
:
3 mos. end.
June 30 —
18^9
1898
The
Oross
earnings.
$5.238, iS67
4,787,917
Net
earnings.
Other
income.
Interest,
taxes, etc.
Balance,
surplus.
$227,507 $l,40i,384 $446,871
l,36i,422
274,747
400,704
figures for the fiscal year ending June 30 are given on
$1,623,748
1,490,378
a preceding page under
"Annual Reports." — V.
69, p. 129.
—
Bulfalo Rochester & Pittsburg Ry. Allegheny & Western Hj. New Line to Pittsburg to Oe Opened Sept. 4. Announcement is made that through passenger train service
between Bulfalo and Pittsburg via the new Allegheny &
Western will begin Sept. 4, the 283 miles to be covered in
about eight hours.
The Allegheny & Western extends
from Punxsutawney to Butler, Pa., about 61 miles, and
will be operated by the Buffalo Rochester & Pittsburg Ry.
Co. under a lease guaranteeing 4 per cent on $2,000,000 bonds
and 6 per cent on $2,000,000 stock. The Pittsburg & Western
will be used from Butler to New Castle and Pittsburg under
a trackage arrangement, making Allegheny & Western mileage about 140 miles.— V. 69, p. 2t0; V. 67, p. 1355,
—
—
—
Canadian Pacific Railway Dividends. A dividend of 2
for the half-year ended June 30, 1899, has been declared,
on the common stock, payable Oct. 2. The semi annual dividends from the earnings of the calendar year 1898,
were at the same rate, viz., 4 per cent, 2 per cent of
this being paid in October, lb98, and the remainder in April,
p. c.
1899.
?unization Plans, Payment of Overdue Coupons, Etc. All
acts of this nature appearing since the publication of the last
issues of the Investors' and the Street Railway Supplements may be readily found by means of the following index:
This index does not include matter in to-day's Chroniclf,
and a few additional companies are mentioned in V. 69, p. 282.
St.
R.
From
the earnings of the calendar year 1897, also, the
was the same, but in this case 1}4 per cent of the
amount was distributed in October, 1897, and 2}>^ per cent in
April, 1898, making the dividends paid in the calendar year,
rate paid
RAILROADS, INCLUDING STREET ROADS.
Quebec & Lake
& Ohio
We uoderstand that a purchase of 148,000 shares of Baltimore & Ohio preferred stock, at 73, was completed yester-
Int.
.
rangement
be divided
mission to issue a mortgage for $1,200,000 for the purpose of
construction. The company was chartered Nov. 15, 1895, to
build a road from Albany over the Helderberg Mountains to
Middleburg and Schoharie, with a branch to Clarksville,
making altogether 45 miles.
&
Third Avenue Railroad, New York.
{'Statement for year ending June 30, 1899.
ompare
—
Baltimore
—
Cost of road and eqiiip. $8, 801,037 Capital stock, common. $500,000
8,<»00,000
Funded debt
Stocks and bonas of
814,' 07
other companies
487,253 Loans and bills payable
Interest on funded debt
Other permanent in204,270
due and accrued
vestments
5,000
.,
Supplies on hand
45,681 Rentals due and ac31,735
crued
Due by agents, account
83,521
102,219 Due for wages
of tratflc
384,ti67
Due by open accounts.
459,901 Due on open accounts..
162,000
Oasbonhand
57,194 Real estate mortgages.
Prolit aud loss, deficit.
222,563
—V.
pany.—V. 67, p. 951, 954.
Albany Helderberg & Schoharie Electric Railway.— Proposed Jlforfgape /or 5i, ^'0(9,000. The company has filed with
the New York Eailroad Commissioners a petition for per-
sold.
reorg.
283
283
334
284
336
Consolidation Pending.
are perfecting arrangements for the consolidation of the Albany City Railway Co.
1898, to
in 1899,
aggregate 43^ per cent, contrasting with 4 per cent
an apparent decrease only. V. 69, p. 178.
—
—
Carolina & Northwestern B,j.— Purchase Dejiied. The reported purchase of this property by or in the interest of the
Seaboard Air Line is officially declared to be without foundation in fact.— V. 69, p. 333.
—
Chesapealce & Oliio 'Ry.— First Dividend. The first dividend, viz., 1 per cent, has been declared on the stock of the
company, payable Oct. 25, 1899, to stockholders of recorci
Sept. 26, 1899.
The report for the year ended June 30, 1899,
was given in the Chronicle last week, showing a surplus
available for distribution to stockholders, from the operations of the year, of $706,130. The dividend payment calls for
$606,264, leaving a credit balance of $99,866.
Bonds for $3,000,000 to Build Greenbrier Ry.— The stockholders of the Chesapeake & Ohio Railway Co. will vote Oct.
24, 1899, " upon such measures as may be presented, designed
to aid the Greenbrier Railway Co. in the construction of its
railroad, including a contemplated issue by the Chesapeake
& Ohio Railway Co. of its bonds for not more than the principal sum of $3,000,01 0, to bear interest at 4 per cent per annum, the principal to be payable on Dec. 1, 1999, and both
principal and interest to be payable in gold coin of the
United States of the present standard of weight and fineness,
and without deduction from either principal or interest for
any taxes, assessments or stamp duties which the railway
—
THE CHRONICLE
384
company may be required to pay or to retain therefrom by
any present or future law; such bonds to be secured by a
mortgage on the franchises and railway of the said Greenbrier Railway Co.
Listed.— The New York Stock Exchange has listed §3,000,COO additional 'general mortgage 4% percent bonds of 11:92,
making the total amount listed to date $26,055,000. Of these
additional bonds, $1,500, COO will be used to provide for consecond
struction and acquisitions now in progress viz.
grain elevator, an additional ocean pier and an additional
coal pier at Newport News, a branch of about 18 miles to develop additional coal territory in West Virginia, and an elevated viaduct through Richmond also some ocean tugs and
barges for coal transportation. As nearly as can now be
stated, it will take about $2,500,000 to do all this work and to
acquire the property indicated, but the most important item
(the Richmond viaduct) will not be completed for a year or
more to come.'' The remaining $500,000 will be used to defray the actual cost of second-tracking now in progress, but
in no event at a rate in excess of an average of $25,000 per
:
"A
:
mile for such second track. The double-tracking work is
mostly at points which have not yet been double-tracked between Clifton Forge and Hinton, where train movement at
present
—
—
is
much
congested.
— V. 69,
p. 331, 337.
—
[Vol. LXIX.
—
Detroit Street Kail ways. -i^are*. The Common Council
on Aug. 11 adopted the amendment to the ordinances governing the Detroit Citizens' and Detroit Fort
Wayne & Belle Isle street railway companies, so as to compel
the selling of eight tickets for 25 cents. [The Detroit Electric Ry. Co. by its charter was alreaay compelled to sell
at Detroit
good until eight o'clock at night.] An
order was then issued that transfers should be issued only to
passengers paying caeh fares. Yesterday the Detroit Citizens'
Company brought suit for an injunction to restrain the enforcement of the eight- fares- for- a- quarter ordinance.— V. 69.
tickets at this rate,
p. 179.
& Pere Marquette RR.— Detroit & Pere Marquette
Payment of Bonds. — The principal and interest of
$104,000 Port Huron & Northwestern Railway first mortgage
7 per cent bonds, maturing Oct. 1, 1899, will be paid when
Flint
RR.
due by Fahnestock
&
New
Co., 2 Wall St.,
York, who will
also anticipate the cash payment at a rebate of 4 per cent.
V. 68, p. 1225; V. 69, p. 283.
—
Grand Trunk Rj.— Semi- Annual Dividends.— The company for the
first half of the current calendar year has declared the usual 2 p. c. on the guaranteed and 1 per cent on the
first preference stock.
Dividends on the latter stock were
resumed last April, when 3 per cent was paid from the surplus earnings of the entire year 1898.— V. 68, p. 1076.
Chicago & Alton B-B..— Dividend on Preferred, A dividend of 8 per cent on the preferred stock of this company has
Illinois Central RR.— Proposed New Line.— The Canton
been declared, payable at the office of Cuyler, Morgan & Co.,
44 Pine St., New York, on and after Sept. 1, 1899. The rate Aberdeen & Nashville RR., which will be a branch of the
has recently been 7 per cent per annum, and the last dividend Illinois Central, has been surveyed from West Point, Miss.,
was 1% per cent (quarterly) on March 1. Only an insignifi- to Winfield, Ala., about 60 miles, and it is stated that concant amount of the preferred stock (the entire issue of pref. tracts will be let within a few weeks. "Railway Age." V.
69, p. 333.
is only $3,479, 50f) is not owned by the Harriman syndicate.
—V. 69, p. 228.
Semi-Annual Dividend.
Iowa Central Railway.
The
—
—
—
company has declared
second semi-annual dividend ot \%
Chicago & Milwaukee Electric Ry.— Completion of Line. per cent on the preferred stock for the current calendar year.
Chicago advices eay that tc-morrow, or withm a few dajs The dividend is payable
Sept. 1 to stockholders of record
thereafter, the entire line between Ch'.cago and Waukegan
Aug. 21. The only dividend prior to 1899 was 1 per cent
The company's road extends from paid in
will be put in operation.
The statement for
ending June
Waukegan to Evanston, 111., a distance of 28 miles, and 1899, is 1892. tinder the heading the year Reports."— V. 30,
given
"Annual
68,
with the Chicago Milwaukee & St. Paul
under agreement
p. 283.
Ry. through cars will be run from Waukegan to the Union
Kansas City Pittsburg & Gulf RR.— Kansas City SuburDepot in Chicago, a total distance of about 38 miles, which,
ban Beit RR.— Port Arthur Channel & Deck Qo.—Re^rit IS said, will be traversed in about ninety minutes as soon
as the line is in running order. "Chicago Inter-Ocean " sajs: ganization Plan, The committee, William F. Harrity,
The road runs parallel with the Chicago & North Western north of Chairman, has prepared a plan of reorganization which proEvanston and between the railroad and the Lake, passing through all vides for the formation of a new company that shall acquire
the suburban towns on the north shore. Arrangements have been all the property of the existing Kansas City Pittsburg &
made with the Chicago Milwaukee & 8t. Paul road whereby twentyGulf RR. Co., and the whole, or at least a majority, of the
flve-ride commutation tickets will be issued between Chicago and
Waukegan for $11 50. This will be 46 cents for a single ride, which stocks of the Kansas City Suburban Belt RR Co, and the
will be much lees than the fares now charged by the steam roade. Port Arthur Channel & Dock Co., thus bringing the whole
Between Evanston and Waukegan single-fare rides will be 35 cents,
system under one ownership and management.
the distance being divided into seven 6-ceni distances.
The road has been built most of the way over private property and
The new company will issue the following securities
Half of the distance from Evanston to High,
is not a street railway.
land Park is double track. The rolling stock will consist of 38 heavy First mortgage fifty-year 4 per cent gold bonds, to be secured upon all the property now of the Kansas City
motor cars of the Inierurban type, weighing 30,000 pounds each
Pittsburg & Gulf RK. Co. and the stocks of the KanThey are equipped with lOO-horse-pow er motors and air brakes. The
sas City Suburban Belt RR. Oo. and the Port Arthur
central station is at Highwcod, wheie a compound condensing Corliss
Channel & Dock Co
$30,000,000
engine and three General Electric generators supply the power. A.
its
—
—
:
current of 5,; 00 vo!t8 is carried on high potential wires to the substations at Wlnnetka and North Chicago, where, by means of transformers and rotary converters, it is reduced to 600 volts.
A map of the road will
Supplement."— V.
be found in our "Street Railway
69, p. 178.
Of which for the conversion of the existing first
raorteage bonds of the Kansas City Pittsburg &
Gulf RR. Co. at the rate of $750 in new bonds for
$l,CCOof present bonds
To be sold for cash requirements of new company.
These bonds have been underwritten at 85 ptr
cent
Chicago & Western Indiana RR. Called Bonds.— Ninetynine bonds ($99,010) issued under the trust deed dated Nov. 1,
1879, have been drawn and will be redeemed by the sinking
fund on Nov. 1 next, at the office of J. P. Morgan & Co.,
New York, at 105. -V. 68, p. 1178.
Chicago Union Traction Co.— Chicago Edison Co.— Fossi-
—
Press despatches say that a proposition
to consolidate the Chicago Edison Co. and the Commonwealth Electric Co. with the Chicago Union Traction Co. is
under consideration.- V. 69, p. 228; V. G8, p. 1180.
hle Consolidation.
Wallas Fort Worth
& Gulf Ry.— Chicago Rock
Island
&
Pacific Ry.—JVot ^cgMjred.— Before printing the curreLt report that the property of the Dallas Fort Worth
Gulf RR.
was sold on Julj 27 to the Chicago Rock Island & Pacific Ry.
Co., we addressed a letter of irquiry to President Purdy of
the latter company. In his absence from Chicago, Secretary
George H. Crosby replies, saying the report " is without any
foundation in fact."— V. 67, p. 1356; V. 68, p. 1129, 1135.
&
—
Delaware & Hudson— Albany & Susquehanna New York
& Canada— Rensselaer & Saratoga.— Earnings of the D. &
H. leased lines in New York State for the six mouths ending
June 30 were
:
,
Alb.& Susq.—.-^
— N. Y.& Can. —
,
.
.
Ttens.
<fc
Siii:——^
C months.
1899.
ISyS.
1-99.
1899.
ISHf.
1898.
$2,(29,454 $l.M04.16n §<?47,449 §410,366 $1,103,2-5 81.187,^08
Gross
6e(i,2:« 168,27?
>-27,584
114,199
Net
277,474
271.966
58.5,858
600,955 177,285 176,572
Charges
595,564
593,3*4
241,726
6{i,278df.l9,0i8df.62.373 af.318,C 90 df. 321.309
Balance, surplus....
V. 69, p. 26; V. 6!?, p. 976.
—
De'aware Lackawanna & Western
Tili.— Quarterly.
Earnings of the company's leased lines for the quarter and
the six months ending June 30 were
:
3
iros.
ending
June 30—
1899
1898
6 months —
1899
1898
—V.
68, p.
Qross
earnings.
.$1,851,21)8
1,640,488
3,340,577
3,062,884
976.
Net
eornings.
$947,161
535,264
$619,249
619,249
1,671,017
1,040,090
1.238,498
1,238,498
Interest,
taxes, etc.
Balance,
sur.ordef,
sur.$327,912
def.
83,984
sur.
def,
33?,519
198.406
18,000,000
3,000,000
To be reserved for future requirfcments of new company
Preferred stock, 4 per cent non-cumulative (to be in
9,000,OCO
voting trust for live years)
20,000,000
Of which to holders of present mortgage bonds at
rate of $400 for each $1,000 of said bonds
9,600,000
For acquisition of the capital stock of the Kansas
City Huburban Belt Co at 7 5 percent of new stock
for each share of exlstin£ stock
3,562,500
To participating stockholders, or the sj ndicate who
may pay $10 with or upon each share of the pres2,4CO,'^00
ent Kansas City Pittsburg & Gulf RR. Co. stock..
Reserved for future requirements.
4,43/, 500
Common Stock (to be in voting trust for live years)
30,000,000
Of which to participating shareholders, or those
24,000,000
who may pay $10 per share as above
For acquisition of the capital stock of the Kansas
1,187,500
City Suburban Belt RR Co. at 25 per cent
4,812,500
Reserved for future requirements
A voting trust, to continue five years, to better secure an
independent administration of the property, has been provided for, and stock trust certificates will be issued for preferred and common stock, as above mentioned.
Exchange, The basis of exchange is as follows:
—
Will receive.
,
Old
tectirities.
(Per '^1,000 bond, %l(iO s(ocK).
& G. Ist 58 ($24,000,000)
K. C. P.
Faying
assess.
none
$10
note
M. Pref.
stoctf.
4%.
$750 $100
....
10
75
1st
«
Com.
stock.
$100
25
Terminal Properties.— The committee has arranged for the
control of a majority of the capital stock of the Port Arthur
Dock Co., and it is intended to retire the bonds
Chanrel
secured upon the terminal properties by the issue of a 3}^ per
cent terminal bond, secured upon said terminals, and guaranSuch new
teed, if fcund desirable, by the new company.
bonds will be based upon and restricted to the earnings of
said terminal properties as they may be ascertained upon
future operation.
do.
stock i$24,000.000)
K.C. Subui ban Belt stock ($4,750,000).
&
Flan Underivritten.-The hands to be sold and payments
for new stock have been underwritten; and the sum of |4,950,000 thus provided is believed to be amply sufficient for
the cash reciuirements of the plan.
—
—
August
—
IHE CHRONICLE.
19. 1899.]
—
Deposits. The plan, copies of which can be optaiaed at the
Trust Co., Philadelphia; Seaoffice of the Provident Life
board National Bank of New York, and the Guardian Trust
Co. of Chicago, has been prepared with the approval and
co-operation of the holders of large amounts of the seAll holders may become parties to
curities atfected.
the reorganization by depositing their securities in either of
said trust companies on or before Sept. 20, 1899, after which
date no deposits will be received except upon such terms as
the committee may impose.— V. 69, p. 333; V. 68, p. 524, 430
&
LeavenTTorth Topeka & Southwestern Ry.—-S'a?eOcf. n.—
foreclosure sale has been again postponed until Oct. 12.—
V. 69, p. 130.
The
Lebanon Springs Railway.-
property was
-S^oZd.—This
sold at foreclosare sale on Aug. 17 for $100,025 to John Delehanty of Albany, representing W. C. Roberts of New York,
who recently bought a large amount of the tax claims
against the company. V. 68, p. 1226.
—
& Nashville BE.— Atlantic Coast Line Co.—
Georgia UU.—Half Interest in Lease.— The report is conLoniSTille
firmed that the Atlantic Coast Line Co. will acquire from
the Lcnisville & Nashville RR. a half interest in its lease of
the Georgia RR.— V. 69, p. 331; V. 68, p. 979, 722.
Manhattan Ry. Quarterly.— ^Simmga for
ending June 30 were
the
quarter
:
Zmos. ending
Other
income,
Net
Qross
June 30— earnings
$2,231,471
1899
earnings.
Interest,
taxes, etc.
Balnnce,
surplus.
$197,300 $663,760 $421,861
624,313
283,979
63,799
2,186,816
1898
Dividends of 1 per cent call for $480,000 quarterly. The
earniugs for the fiscal year ending June 30 last will be found
on a preceding page under Annual Reports. V. 69, p. 131.
$888,321
844,493
—
Milwaukee Electric Railway & Light 0,0.—New Pro}.osition to City. The company on Aug. 14 made substantially
the following proposition to the Common Council of Mil
waukee looking to an enduring settlement:
The principal franchises of this company do not expire until July 1,
1924, and several not until a later date, with the right thereunder io
charge a 5-cent fare without transfers, and we should uot be expected
to reduce the earnings of the property unless the city is willing to
make reasonable concession which will contribute to the security of
our investment. The concessions which we aie disposed to consider
—
favorably are as follows:
First— A gradual and increasing reduction in the rates of fare, until
a 4-cent rate is eecui ed by the sale of commutation tickets.
Second— A permanent transfer system.
Third—The extension of the railway lines to the city limits at points
necessary for the convenience of the people.
Fourth— In case the olty desires, and has the power to purchase the
railways and physical property of the company within the city, to
grant an option to purchase on terms to be agreed upon or to be
determined by arbitration.
For these concessions the city is asked to grant to the company: (a) Franchises tipon certain streets which will enable
the service to the public to be improved, and the railway
system perfected (b) an extension of the railway franchises
for ten (10) years.- V. 69, p. 24.
:
Mohawk &
3Ialone By.— Interest on Incomes.— Interest at
the rate of 3 per cent per annum on the income bonds from
the net earnicgs for the year ending June 30, 1899, will be
paid Sept. 1.— V. 63, p. 311.
Nashville Florence & Sheffield RR.— Louisville & NashRR. Judgment. At Nashville on Aug. 15 the Louisville & Nashville RR. filed: a bill in equity in the United
States Circuit Court against the Nashville Florence & Sheffield RR,, seeking to sell the latter road to satisfy a judgment for $873,680 87 and $36 costs, which was secured at the
last term of Court.— V. 69, p 331.
ville
:
—
New York & North Shore RR.— lease. -The
stockholders
&
have authorized the taking
of a lease of the Whitestone
College Point RR. for S99 years. The rental, it is said, will
be $4,500 for the first year and anominalsum thereafter. The
&
385
Northern Paciflc Ry.— Oregon RR. & Navigation Co.—
Dispute in Abeyance.— K H. Harriman, who returned Monday from a trip to Alaska and the Northwest, says, regarding
the Clearwater situation: "There has been no actual move
towards an agreement. All reports to this effect are untrue.
There is an understanding between the Northern Pacific and
the Oregon Navigation Company that the matter shall rest
absolutely for six months, and nothing shall be done in the
matter until that time has elapsed."
Pacific Terminals and Relations with other Lines.— President Mellen is quoted in Tacoma as follows:
"Independent of the proposed union passenger depot the
Northern Pacific will go ahead with its own plans for termiThe latter will be large enough, too, to accommodate
nals.
all the lines here in case at a later date an agreement might
be perfected. We have no quarrel with Mr. Hill. There is
no fight for terminal facilities between the Great Northern
and the Northern Pacific in Seattle, and there will be none.
I
I never said that Mr. Hill would not build to Tacoma.
could not presume to speak for him or the Great Northern.
Mr. Hill represents a large interest in Northern Pacific he
would not, I t)elieve, attack a property in which he held an
interest, as he would by building his road into Tacoma. That
It seems to me that it will only be a
is all there is to it.
short time when the Union Pacific will want to reach the
Sound. Our line from Portland can handle all the traffic of
both roads, and a joint arrangement would be cheaper, 1
should think, for the Union Pacific, than for it to build
another line."
Sale of Lands Completed.— Specia.1 Master Cary has completed the sale of the lands east of the Missouri River. As a
result the general creditors of the Northern Pacific RR., it is
stated, will receive about 23>< per cent on their claims.
The above sale realized $1,563,050 and about §1,000,000 is
available from lands sold by the recei^^rs. The largest
creditor is the Northern Pacific Railway Co which has a
claim amounting, with interest, to about $90,000,000 of the
$100,000,000 due the general creditors.— V. 69, p. 334, 181.
—
,
—
Northwest Raihvay of Oregon.— Receirer. T. B, A. Price
of Portland, Ore,, has been appointed receiver cf this road,
which was under construction from Nagle, Ore., to the Seven
Devils mines,
City & Eastern RR.— Omaha & St. Louis
Poor Physical Condition.— The Missouri Railroad Commissioners having completed an inspection of the road from
West Qaincy to the Missouri and Iowa State lines report
Omaha Kansas
RR.
:
We find the roadbed from
West Quincy
Trenton in very bad con
dltion. The sides are badly washed, all outs, save a few recently
opened, are badly filled, and in many places, by virtue of decayed and
broken ties, the rails are almost hidden from sight. From Trenton to
Pattonsburg the same conditions practically exist. From Pattonsburg
to the Iowa State line the conditions are about the same. The ties
generally in the lines are old and rotten and fully one-third of them
is worthless, except between Trenton and Pattonsburg, where they
are new and reasonably safe. Rails on the curves are badly worn and
with heavy traffic cannot be operated with reasonable safety
The board has ordered the companies to make the necessary repairs, V. 68, p. 773.
to
—
—
Oregon RR.
Navigation Co.— Stocks Listed. The New
York Stock Exchange has admitted to dealings the com«fe
pany's 8^4,000,000 common and $11,000,000 preferred stock
in place of the voting trustee's certificates.
The Stock Exchange has also listed $153,000 additional
consolidated mortgage 4 per cent gold bonds of 1946, making
total consols listed $19,634,000.
The additional bonds were
issued to retire first mortgage 6s of 1879, the amount of
which outstanding has been reduced from $691,000 to $569,000.— V, 69, p, 181.
Pennsylvania Traction Co. of Lancaster, Pa.— Foreclosure Sale Ntv. 15.- The Provident Life
Trust Co, of
Philadelphia, trustee under the mortgage of Jan. 5, 1894, advertises the foreclosure sale of the system to take place Nov.
15 at Lancaster, Pa.
The property to be sold includes all the
electric railways, with their equipment, etc. in the County of
Lancaster, Pa., contained in tne completed system of passenger railways owned or to be owned in the following companies, of whose capital stocks also the amounts named are
to be offered for sale
Lancaster Traction Co , 10,674 shares; Columbia & Ironvllle Street
Pass. Ry., 1,514 shares; Columbia & Donegal Ry 1,500 shares; Lancaster &. Lititz Electric Ry., 280 sbaree; Lancaster & New Holland
Ry., 320 shaxes; Lancaster & Terre Hill Street Ry., 720 shares.— V. 69,
&
College Point road is described
franchise of the Whitestone
as a perpetual one, authorizing the building of either a single
or a double track from Thirteenth St. and Third Ave., ColTtie
lege Point, through Whitestone to Willets Point,
North Shore RR, have also
stock b old ers of the New York
authorized the issuing of bonds for the construction of the
road, and have directed the General Manager to begin its
construction as soon as the extecs'on from Flushing to
Jamaica is completed. General Manager Beetem says:
p. 131.
I expect to have cars running to Willets Point before cold weather
Pittshnrg & Western Ry.— Baltimore & Ohio RR. -/mWe will complete the Jamaica extension within another
sets in.
Western the Pittsmonth, and then we will Immediately begin work on the Whitestone j)roremenfs.— Regarding the Pittsburg
road. We are not going to stop until we have our lines extended to burg Commercial Gazette says:
"To put the main line in
Bay Side, Little Neck and Great Neck.
first-class condition will require an expenditure of about
Among the stockholders of the New York
North Shore $3,500,000, From Allegheny to New Castle the road is now
RR. are said to be W. H, Shelmerdine and E, J. Matthews of practically a double-track system, and some of the work to
Philadelphia and R. T. McCabe of New York.— V. 64, p. 567. make it so is nearing completion now. Its only drawback
The
is the Bakerstown grade, which is 90 feet to the mile.
New York Chicago & St. Louis.— ^uaWerZw.— Earnings for improvement here will change the line and reduce curvature.
the quarter and the six months ending June 30 were
For
It will reduce the grades to 34 and 36 feet to the mile.
Net
Qross
Other
Interest,
Balance,
Zmos. eliding
this work about 8 miles will have to be reconstructed, exearnings, earnings, income.
June 30—
taxes, etc.
sur.ordef.
tending from Bryant, 16 miles from Allegheny, to Valencia.
1899
$1,529,302 $328,835
$2,431
$302,060 8ur.$29.206 The new line will
be shorter and will require the construc251,772
1898..
1,412,847
1,284
302,715 def. 49,659
tion of important bridges.
West of New Castle the road
6 months.
will hardly be materially altered as far as Newton Falls, but
641,126
1899
3,162,868
3,538
602.377 sur, 42,287
1898
507,610
2,982,205
2,509
602,516 def. 92,397 bejond this latter point to Akron Junction, a distance of 24
—V. 68, p. 978.
miles, the present grades, running to about 50 feet to th©
,
&
,
&
&
:
THE CHRONICLE.
356
mile, v?ill be cut down to about 18 feet to the mile and the
curvature reduced."— V. 69, p. 181, 333.
Pittsburg
filed its
Colonial Trust Co. of
mortgage for $12,000,000 to the
New York
as trustee.
—
Preliminary Bond Offering. Henry Marquand & Co. in a
circular offering for sale a limited amount of the new first
mortgage gold 5s, at 101 and interest, say:
The road is a consolidation and extension of several contiguous
lines in Western Pennsylvania and New York, forming the shortest
route from the bituminous coal fields to New Jilngland and the Lake
markets. In addition to its oal properties in Elk County, the company has acquired additional coal fields in Jefferson County, and it is
the purpose of the management later to extend the line southward to
these tields in Jefferson Couuty, and northward from Wayland to a
connection with the New York Central at Macedon, forming a line,
when completed, 350 miles in length. Upon the line as now operated
between !*hawmut and Wayland, there has been placed a mortgage of
$6,000,000, which after Sept. 1. 1899, will be the only mortgage upon
,
these i>roperties, including all the railroads, lands, stores, houses,
franchises, etc., of the various companies, and 9,814 acres of coal
lands in Elk County, Pennsylvania. The mortgage also covers the
entire capital stock of the mining companies operating the mines.
The report of William Barclay Parsons, C. E., shows that thn
Elk County C'>al lands alone contain upwards of 1'20.000,000 tons of
coal of excellent quality. The famous "Shawmut Coal," owned exclusively by this company, is extensively used by railways tn New
England, the Grand Trunk and Michigan Central and other railways,
and was selected by the City of Buffalo for its water works after a
thorough competitive test. The output of the mines for the last few
years has been about 600,000 tons per annum, and the sales have
always been considerably beyond the producing capacity of the
mines. New and improved electrical machinery has been ordered,
which will ensure an output of approximately l,000,OuO tons the
present year, and, say, 1,50 >,000 tons the next year.
In addition to the coal tributary to this railroad, and which
absolutely controlled by the railroad company, there has
Is
been secured a large tonnage of lumber, tire-brick and other freight.
Factories for the manufacture of various articles are already in operation along the line. A conservative estimate places the net earnings
for the present year at $450,000, and the lines as at present operated
are earning with, a liberal margin the interest on all bonds lo be
Issued. A large proportion of the securities has been taken in payment for the properties acquired, and the bonds have been sold to
Institutions and individuals for investment. The funded debt is only
$26,000 per mile of road, including the large acreage of coal.
Application will be made to list the securities on the New
York Stock Exchange as soon as practicable. See also V.
—
69, p. 284,
St. Louis & San Francisco BH.— Semi- Annual Dividend on
Second Preferred. A dividend of 1 per cent has been declared on the second preferred stock, payable on Sept. 2, 1899,
to holders of the voting trustees' certificates of record on
Aug. 21, 1899. The first dividend on this stock (total issue
$16,0u'0,0:0) was 1 per cent, in 1898.
This year 1 per cent
—
in March and now 1 per cent is declared, payable
in September, making in all 2 per cent for the year and calling for 1320,000. The annual statement for the late fiscal
year was in the Chronicle of Aug. 5, page 280. Deducting
this additional dividend on the second preferred, there re
mains a surplus of $64,800, which, however, will be increased
by the amount of the dividend on the portion of the preferred
stock in the treasury, a credit item for the half-year of, say,
was paid
$17,279.— V.
69, p. 334.
& San
—
Railway & Navigation
Northern Pacific U&ilw -dj.— Agreement.— Stahl & Straub
make this announcement: " The Northern Pacific Railway
Seattle
Staten Island Rapid Transit RR.—^warferZ^.— Earnings
June 30 were:
for the quarter ending
3 mos. endOross
Shawmat & Northern "RR.— Mortgage Filed.— ingJuneZO—
The company has
Francisco
has joined the Seattle
&
[Vol. LXIX.
Xet
earninys.
1899
1898
15^,393
Interest,
taxes, etc.
$95,135
66,410
earnings.
.$2ro,464
$92,615
83,514
Balance,
sur, or def,
sur. $2,520
def. 17,104
The earnings for the fiscal year ending June 30 will be
found onapreceding page under "Annual Reports." V. 69,
—
p. 284.
Texas &
New
Acquisitions.
Orleans
HH.— Meeting
to Authorize Neio
—The stockholders will vote Sept. 5 to authorize:
a. The construction of a railroad connection between the Sabine &
East Texas Railway and the Texas Trunk RR.
6. The purchase of the Texas Trunk BR. exterding from Dallas to
Cedar Station, in Kaufman County, with franchises and appurten-
ances.
c. The purchase of the Louisiana Western Extension RB., extending
from Orange to the Sabine River, in Orange County, Texas, with fran-
chises
and appurtenances. — V.
68, p. 1026.
Third Avenue RR.- Quarterly.— 'EaxningB for the quarter
ending June 30 were
:
3 mos.
ending
June 30—
Oross
earnings.
Net
earnings.
Other
income.
Interest,
taxes, etc.
Balance,
surplus.
$427,9.=i9
$286,510
$233,290
$91,840
$535,062
328, S17
20,059
92.941
581,103
255,923
Loans and bills payable, $13,385,122, against $9,693,348 on
June 30, 1898. The earnings for the year ending June 30
will be found on a preceding page under "Anuual Reports."
1899
1898
V.
69, p. 334.
West Virginia Central & Pittsburg Ry.— Davis Coal &
Coke Co. Possible Consoliaation. At the annual meetings
this week it is stated that the question of consolidating
the companies was discussed. The belief is expressed that
the two companies, in which the same persons are interested,
will be united.
The coal company is capitalized, it is stated,
—
at $3,000,000.— V. 67, p. 802.
Wheeling & Lake Erie RR. Cleveland & Canton Taken
— The Cleveland Canton & Southern R3'. was turned
over to the Wheeling & Lake Erie RR. Co. on Aug. 14.
Over.
V. 69,
p. 29.
INDUSTRIAL, GAS AND MISCELLANEOUS.
—
New Industrial Companies.— Indeaj. The leading items
heretofore published regarding new industrial companies,
mostly organized or floated since the July issue of the Investors' Supplement, are indicated by the following index
:
Page.
Alabama Coiisol. Coal& Iron.227,
American Hide &. Leather
Americau Ice
American Bicycle
Amercan Iron & Steel Mfg
American Liuseed
American Prismatic Li trht
American Smelting & Refining..
Amer. Sterilized Air & Trans...
American Switch
American Window Glass
Asphalt Co. of America
Baltimore Brick
22S,
Bethlehem Steel
BioominKton (111.) Gasl't & Elec.
Buchanan & Lvall Tobacco
33.5
335
335
288
227
835
284
335
335
227
3:i5
335
3?5
28l
228
b35
28i
228
Great Northern Paper
Haverhill ^Mass.) Gas Securities
Co
International Steam
Pump
Lancaster Motor Co
Locomotive Smoke Prevent. Co.
Manhattan Typewriter <^o. ..230,
Mason Heating * Lighting
Met. Dredging Co. of N. Y. City.
Monongahela River Coal & Coke
National Tube
National S tee!
National Strawboard
N. J. Elec. Veh. Transportatia.
Northwestern Power & Trans...
Republic Iron & Steel
..
Paat.
^85
229
285
336
229
B36
Z30
285
336
285
285
285
a;'6
339
San Francisco in building the sec- California bruit Canners' Ass'n.
231
Royal Salt & Chemical
tion of the latter's road, extending from Palmer through the Central foundry
Rubber Goods Manufacturing...
231
286
i»3d
Shelby Steel Tube
Consolidated Lalce Sunerlor Co.
coal property to Auburn, and the line will be operated jointly
286
335 Slos.s-Sheffield Steel & Iron
Consolidated Rubber Tire
by the two companies under a perpetual traffic agreement. Continental Cotton Oil
228 Snsquehanna Iron & Steel
339
33rt
385 Tennessee Phosphate
Diamond State Steel
The cost will be approximately divided, an arrangement which Distilling Co. of America
/86
285 Union Gas-L. C" of San Fran...
has saved the Seattle & San Francisco an outlay of over Electric VeUicle
286
228 Union Steel <S Chain
339
Empire Steel & Iron
285 U.S. Bobbin & Shuttle
286,
$300,000, a sum it would have been obliged to expend in con- Federal Steel
3H9
228 United States Worsted
structing a through line to its mines. " President Mellen, of Fulier Round Bale Co
339
33(i
Universal Fuel
336
Great Lakes Towing
the Northern Pacific, when at Tacoma recently, was quoted
as follows regarding the new liae here mentioned: "The
American District Telegraph Co. of Brooklsn.— Capital
Northern Pacific and the Seattle & San Francisco will divide Reduced. The company has filed at Albany a certificate
the cost, or approximately so. The Northern Pacific will reducing its capital stock from $200,000 to $100,000. The
control, but will give a lease in perpetuity to the coal road. total amount of debts and liabilities is $1,000.
This has been practically settled."
A Philadelphia paper says:
American Ice Co.— Consolidated Ice.—New Acquisitions.—
The Northern Pacific has built the section of the road extending The company is said to have acquired control of the Union Ice
from Palmer, through the 1,931 acres of ricU coal land 25 miles south- Co. of this city, the Crystal Lake Ice Co. of this city and
east of Seattle, to a point near Black River junction, connecting with
the tracks of the Seattle & 'Frisco Company, through which it reaches Washington, and the Great Falls Ice Co. of the latter city.
—
terminal in Seattle. The importance of using the Seattle company's tracks in Seatte has been recognii^ed by the Northern Pacific
and a perpetual joint traflic agreement has been made by the two
companies.
Its
The
price of the bonds of the Seattle
vanced to 90.— V.
68, p. 929;
V. 69,
company has been
p. 182;
V.
ad-
69, p. 334.
Southern By.— Dividend.- The company has declared a
1 per cent on its preferred stock, payable Oct.
The last previous dividend was 1 per cent, paid last
4.
January. In 1897 and 1898 only one per cent was paid in
each year. The company's annual report will be found on
pages 381 and 389 to 395 of to-day's Chronicle.— V. 69, p. 28.
dividend of
The circular sent to the stockholders of the Consolidated
Ice Co. of New York City, by J. T. SprouU, Treasurer of the
American Ice Co., says:
On behalf of the American Ice Co.. a corporation recently organized under the laws of the State of New Jersey, I am authorized to
offer in exchange for the shares of the Consolidated Ice Co. owned by
you, both common and preferred, the same amount of the shares of
the American Ice Co., share for share, Ineaoh class: that Is, one share
of preferred for one share of preferred and one share of common for
one share of common. A large proportion of the shareholders of your
company, represeuti'ig over two-thirds shares of tae common stock,
have already agreed to accept this proposal aod the exchangein accordance therewith is now being made. The preferred stock of the American Ice Co. is 6 per cent cumulative stock, and the common will be
entitled to the net earnings over and above the amount of dividends
on the preferred stock. The American Ice Co. is prepared to exchange
its engraved certillcates, in accordance with the above offer, on receipt of year certiflcates of the Consolidated Ice Co., properly en-
Staten Island Electric ItH.— Default— Bondholders' ComDeposits, — Defa.u\t having been made in the payment of the interest coupon due May 1, 1899, on the first dorsed.
mortgage 5 per cent bonds, the owners of a majority of said
An opposition company to be known as the Columbia Ice
bonds have requested William L. Bull, R. Somers Hayes and Co. ie reported in process of organization, with f 3,000,000
John Greenough, acting as a committee, to take proceedings capital stock, to unite several ice companies on the Hudson
for the protection of such of the bonds as may join with River.— V. 69, p. 335.
them on or before Sept. 15. The Guaranty Trust Co., No.
30 Nassau Street, New York City, will act as depositary and
American Steel & Wire Co.— Application to Stock Exwill issue negotiable receipts to depositors. V. 65, p. 1322.
change.— The company has filed application for the listing of
mittee
—
—
I
—
:
—
THE CHKONICLE.
.
.
August
19, 1899.]
secnrities on the New York Stock Exchange.
lowing balance sheet is given:
The
its
fol-
Liabilities.
&c
$75,440,614
Outside real estate ..
6,019
Stocks, investm'ts, &c.
5,348,242
Casli
1,435,£02
Bills receivable
253,189
Accounts receivable
7,229,283
Inventory
7,5J*7,445
Furnituie & fixtures.
55,000
Plants,
!..
.
Capital stock
Bonos and mortgages.
$90,000,000
130,656
Accts. payable, since
3,032,990
paid
4,192,048
$97,355,694
Total
company began business on
of AmeTica.— Collateral Oold Cer—This company was incorporated under the laws of
Asphalt Company
tificates
New
Jersey July 6, 1899, Sidney F. Tyler being President.
Its capital stock is $30,000,000, consisting of 600,000 shares,
par $50, paid in $5 cash per share. Transfer agent, Girard
Trust Co., Philadelphia; registrar. Land Title & Tiust Co.
The "Asphalt Company of America Collateral Gold Certificates' are issued by the Land Title & Trust Co., Philadelphia, under the terms of a trust agreement dated July
They are of a total issue of $30,000,000, in denomi15, 1899.
nations of $1,000 and $100; interest 5 per cent per annum,
payable Ist April and October; principal collectible and redeemable April 1, 1949. The certificates were issued in payment for the purchase, by the Asphalt Company of America, of
the stock of the various asphalt companies, all of which stock
is deposited with the Land Title & Trust Co., trustee, to secure performance of the trust agreement, by which the
Asphalt Company of America agrees (inter alia)
To pay to the trustee " out of the income derived by the company
from the deposited shares and securities, if that income shall be sufiicient for the purpose, and out of its other funds if such income shall
be insufficient," all funds necessary to enable the trustee to mail to
the holders of certificates semi-annual payments, viz.: on the first day
of October and April in each >ear, $25 to the holder of each $1,000
certificate, and $2 50 to the holder of each «100 certificate.
Farther, to pay to the trustee on April 1, 1949, $1,000 for each
outstanding certificate of that denomination and $100 for each certificate of that denomination, which the holders may have previously
notified the trustee in writing that they elected to sell to the company
on that date, all such payments to be in gold coin of the present
standard of weight and fineness or the equivalent thereof the trustee
immediately to pay such principal sums to such holders of certificates
upon delivery thereof duly assigned.
;
Sinking Fund.
—The
company agrees
to
pay to the trustee
sum not less than $25,000 and not exceeding $100,000 per
annum for the purchase and cancellation of said outstanding
a
&
certificates of the Land Title
110 per cent, or, if certificates
387
mental patents covering a system for refrigerating cars by
utilizing the electric current generated from the car axle.
p. IcO.
700,000
or about Jan. 15, the
balance sheet covers approximately six months; for this
period there is an apparent profit of $4,892,448. The 7 per
cent preferred stock ($40,000,000) calls for $1.400,0C0 half
yearly. The common stock is |50,000,000.— V. 69, p. 25.
the
—
—
—
Only $5 per
000, divided into 250,000 shares of $100 each.
share has been paid, the next instalment of $5 being due in
February, 1900. Besides the aseets of the National Electric
Car Lighting Co., the company, it is stated, owns fundaV. 69,
$4,892,448
Profit
Lessdiv....
$97,355,694
Total
As
——
:
Trust Co. at not exceeding
cannot be so purchased, the
Electric Storage Battery Co. Ne^v President.— Oa Thursday I'aac L. Rice resigned the presidency of the company
and First Vice-President George H. Day was elected his sucMr. Rice explains that he has found it impossible to
cessor.
devote the necessary time to the details of the business. He
remains, however, a member of the board, and retains his
large holdings in the company. He continues, also. President of the Electric Vehicle Co., the business of which in its
rapidly growing development demands a much larger
amount of his time than formerly. V. 69, p. 76.
—
General Aristo Co.— Kodak Co. Limited.— The General
Aristo Co. was incorporated at Albany on Aug. 5 with a
capital stock of $5,000,000 (half of this being 7 per cent
cumulative preferred) to carry out the consolidation of manufacturers of photographic supplies, as arranged by George
Eastman, of the Eastman Kodak Co., Rochester, N. Y.
About 90 per cent of all the gelatine and collodion photographic papers used in this country, it is claimed, is produced
by the following six concerns, henceforth to be operated by
the General Aristo Co., viz.:
Eastman Kodak Co. (real estate and machinery not to be purchased*
but its printing paper plant to be operated by the General Aristo Co.),
Rochester, N. Y.; American Aristotype Co., Jamestown, N. Y.; Kirkland Lithium Paper Co., Denver, Col.; Nepera Chemical Co., Nepera
Park, N. Y.; New Jersey Aristotype Co., Bloomfield, N. J.; Photo
Materials Co., Rochester, N. Y.
The trade-marks controlled include Velox, Solio, Aristo,
Aristo Junior. Platino, Kloro, Eastman's Bromide, Aristo,
Blue Label, Rex, Lithium, Azo, Albuma, Dekko, Platinoid
:
Bromide.
All the capital stock will be issued subject to the right of
the Kodak Co., Limited, London, at any time within three
years after the organization of the General Aristo Co. to
exchange its shares for shares of a similar kind in the
,
Rochester company.
The prospectus indicates profits sufficient to pay 7 per cent
on the preferred stock and 10 per cent on the common. The
company has secured for a term of years the exclusive agency
for this country, Mexico and Canada of the raw papers of
the General Paper Co. of Brussels, which markets the whole
output of a German and a French company. The foreign
paper mills, it is stated, have manufactured nearly all the
photographic paper used in the last forty years.
The officers are George Eastman, President; Walter S.
fund to be invested otherwise for the benefit of the sinking Hubbell, Vice-President; Albert O. Finn, Treasurer; Charles
S. Abbott. Secretary.
The directors are: George Eastman,
fund.
The agreement contains provisions for enforcirg the secur- Henry A. Strong, Walter S. Hubbell, Albert O. Fern, Charles
H. Palmer and George Wilder, of Rochester, and Charles L.
ity in case of default.— V. 69, p. 335.
Abbott, of Jamestown. The Eastman Co. will act as the
Carnegie Steel Co.— New Furnaces. The company has distributing agent, and the general office of the new comfinished the last of its six open-hearth fifty ton furnaces, and, pany will be in Rochester.— V. 67, p. 1207.
:
—
said, will build four additional furnaces of the
tern at once.— V. 69, p. 178, 181.
it is
same
pat-
—
Chester (Pa.) Tube Mill Co.— Incorporated, This comin Pennsylvania with $1,000,000
stock. It is said that the company will erect an extensive
plant at Chester, Pa,, at which wrought iron pipe will be
made.
pany has been incorporated
Telephone & Telegraph Co.— Securities Authorhave authorized an increase in the
stock from $250,000, from $5,000,000, and the making
Illinois
ized.
—The stockholders
capital
of an issue of $5,000,000 4^4 per cent 30-year gold bonds.
officials claim that construction will begin by Sept. 20.
Tha
—V.
69, p. 285.
Louisville Bridge Co. No Dividend.— The August diviElevator Co. of St. Louis.- SaZe. —The dend will not be paid this year as usual. President Gibson
property of the old St. Louis Elevator Co. is advertised for says: "This dividend will be passed because the Court of
sale on Sept. 5 by Henry C. Haarstick, trustee for the bond- Appeals recently affirmed a judgment in favor of the L. &
holders. Interest was defaulted August I on the $180,000 of N. RR. Co. against the Louisville Bridge Company for a
these underlying bonds. There are also unpaid taxes amount- very large amount. The case is now pending on a petition
for rehearing, which cannot be acted on until the fall term
ing to $8,000 on the property.— V. 69, p. 181.
Consolidated
Continental Telephone Telegraph & Cable Co Incorporated. This company, with office at 1 Montgomery Street,
Jersey City, N. J., has been incorporated at Trenton, N. J.
Capital $1,000,000. Incorporators: Henry C. Lucas, Philadelphia. Pa.; Frederick T. Ealand, New Brighton, N. Y.; J.
H. Potts, Jersey City, N. J.
—
Continental Tobacco Co.— Buchanan & Lyall Tobacco
Absorbed. A director of the last-named company (see
V. 69, p. 335) confirms the reported acquisition of the Buchanan & Lyall property by the Continental Tobacco Co., and
—
Co.
says
The deal has gone through. In some respects it is analagous to that
by which the Union Tobacco Co. acquired the Liggett & Myers concern of St. Louis. William Buchanan was the sole owner of the old
concern, and he dealt directly with James B. Duke, President of the
Continental Tobacco Co. The details will remain, I expect, private
for some time, if they are ever made public. The price, I assume, was
in the neighborhood of the capital ol the Incorporation, $4,000,000.
" The Continental secures a very old and profitable business and plant, which of course in a measure helps along
the American Tobacco Co. The deal annuls the plans of alliance with outside interests." V. 68, p. 926.
—
& Power Co.— Trading
in Stockdealt in on the curb for the first
time on Tuesday, selling at 6. An officially revised statement regarding the enterprise was in the Chronicle of July
As there stated, the capital stock is $25,000,15, page 130.
Electric Axle Light
Instalments. The stock
—
was
of the Court. Unless the judgment is materially modified it
will require all of the available cash of the Bridge Company
to settle it."— V. 69, p. 80.
—
Natioaal Biscuit Co. Dividend on Common Stock. The
and 3 L^nion Square on Tuesday, declared thefirst regular quarterly dividend of 1 per cent on the common
stock, payable Oct. 15. The quarterly dividend of 1^ per
cent on the preferred stock is payable, as usual, Aug. 31.
V. 68, p. 327.
directors, at 1
New Amsterdam Gas
Co. of New York.— LegaZ Proceeding
an Increase in Price of Oas, — On Wednesday, in the
Supreme Court, before Justice McAdam, application was
made by Gen. J. Frederick Pierson, owner of seventy-five
to Effect
shares of stock, for a writ of peremptory mandamus requir
ing the company to produce all its books, contracts, etc., for
examination. The application says the company is selling
gas at such a low rate, 50 cents a thousand, that it cannot
be earning its fixed charges. John C. Tomlinson, counsel
for the New Amsterdam Gas Co., read an affidavit of
the Secretarj', denying the company is making any longterm contracts at the fifty cent rate. On May 1 tne
Consolidated Gas Co. reduced the price of gas from $1 10 to
65 cents.
This necessitated a reduction by the New Amsterdam in order to hold the customers.— V. 69, p. 230.
New Brunswick
(N. J.) Gas Light Co.— Extra Dividend.
company has declared an extra dividend of 10,^ beSome weehs ago
its usual semi-annual dividend of 5%.
—The
sides
—
—
A
.
—
THE CHROmCLK
38S
New York syndicate offered the stockholders $81 each for
the $20 shares of stock, but for some reason, it appears, the
a
sale fell
—
through.— V.
68, p. 673.
New York Air Brake Co.—5focfc /^creased.— The stockholders on Wednesday authorized the proposed increase in
the capital stock from $5,000,000 to $10,000,000. Only $1,250,000 new stock is to ba i-saed at present. (See Vol. 69, p. 181).
An advertisement says this $1,250,000 stock will be issued
at par to stockholders of record of Sept. 1, 1899, in the ratio
of one share to each four shares of their holdings. Rights
to subscribe will be issued Sept. 1, and will be good and assignable until and including Sept. 11.— V. 69, p. 181.
[Vol. LXIX.
amount
to $1,500,000, and that the operations of the companies independently assure a businegs of $1,000,000 a year
from the start. Of the assets, $500,000 is real estate. The
Union Trust Co. of Pittsburg will attend to the transferring
of the properties
Application for the charter will be filed
at Harrisburg, Pa., on Aug. 31.
—
—
Print Cloth Consolidation. Proi^osii tons. —Barrow, Wade
Guthrie & Co., of New York, representing, it is said, an English syndicate, have sent a letter to the treasurers of most
of the print cloth mills of Fall River, asking an option on
the controlling interest in the companies' shares until Dec.
1, 1899, at prices said to be $15 to $25 per share above the
Another syndicate in which New
last quoted market price.
Tool Works Consolidation
Niles-Bement-Pond Co.
York men are interested is said to ba planning a still larger
This company was incorporated at Trenton, N. J.. Aug. 11, consolidation, which shall unite not only the print cloth
with $8,000,000 of authorized capital stock. Of this amount mills but all the leading cotton mills of the country,
$3,000,000 is 6 per cent cumulative preferred stock (subject
Rappahannock Electric Light & Power Co. of Frederto call in 1911 at 105) of which §1,000.000 remains in the
treasury to acquire the minority interests in the Nlles Tool icksburg, Va. Sold. The company's plant was sold at pub"Works Co. The new company is organized to merge the lic auction Aug. 15 for $2,025 to G, W, Shepherd, representNiles Tool Works Co. (capitalization: Common paying 6 p. c. ing the bondholders.
$1,000,000 preferred 6 p. c. $1,000,000), of Hamilton, Ohio;
Scott-Janney Electric Co.— New Enterprise. This comBement, Miles & Co. of Pniladelphia, the Pond Machine
pany has been incorporated at Trenton, N. J., with authorTool Co. of Plainfield, N. J., and the Philadelphia EogineerThe company has no bonds or debts of any ized' capital stock of $30,000,000. The stock is divided into
ing Works.
kind outstanding, the properties having been acquired free 600,000 shares of $50 each, of which one-half is. preferred 7
per cent non-cumulative. The incorporators are Frank R.
from encumbrances.
Gordon T. Hughes, of Lawrence & Hughes, of 120 Hansen, Wm. F. Eidell and George H. B. Martin, all of
—
—
—
;
Broadway, who was the organizer of the consolidated Camden.
The company is organized to succeed to the property and
company, speaks as follows: "The four companies conpatents of the Scott & Janney Electric & Manufacturing Co.,
machine
trade of the
the
heavy
cerned
control
country.
Thev employ upwards of 3,000 men, and the incorporated November, 1895, under the Laws of West Virplant of the Niles Tool Works Co. alone has 15 acres ginia, and which has been experimenting on the lines of the
under roofs. The consolidation has not been effected on the Union Traction Co. of Philadelphia with a new motor which
usual lines. There have been no promoters and no promot- it is claimed will reduce the cost of power to street railways
All the stock has been subscribed for by the about half. The Scott & Janney Electric & Manufacturing
ers' fees.
members of the constituent concerns, though it is intended Co, has authorized $5,000,000 of capital stock, only part of
to list the stock next winter. The management will remain which has been issued.
practically the same as at present. The registrar of the stock
This comSloss Sheffield Steel & Iroa Co.— Incorporated
is the Colonial Trust Co and the Corporation Trust Co. of
pany was incorporated in N. J., on Aug. 16, with an
Jersey is the transfer agent."
—
New
The
officers elected
on Tuesday are
:
Directors: Alexander Gordon, President of tbe Niles Tool Works Co.;
Charles A. Moore, of Manning, Maxwell & Moore; Clarence 8. Bemeni
and Frederick B. Miles of Bement, Miles & Co Gordon Shillito,
Tliomas T. Gaff and Daniel H. Holmes of Cincinnati, Frederick W.
Gordon of Philadelphia, George T. Reiss ana James K. CuUen of the
Niles Tool Worts Co., E. C, Burke of Cleveland, Ohio; Walter L. Clark
of the Niles Tool Works Co., A, C. Stebblns of the Pond Machine Tool
Co., W. 8. McKinney of Pittsburg and Robert C. McKinney.
Officers: President. R. C. McKinney; Firc-t Vice-President. James K.
CuUen; Second Vice-President, A. C. Stebbins; Tdlrd Vice-President,
Walter L. Clark; Treasurer, Charles L. Cornell; Secretary, E. M. C.
Davis. Chairman of the board of directors is Alexandt-r Gordon. All
these officers except Mr. Stebbins (Manager of the Pond Machine Co.)
were formerly connected with ttie Niles Tool Works Co.
;
The
office is at 136
Liberty
St.,
N. Y. City.
Pacific Postal Telegraph Cable Co.— Capital Reduced.—
reducing the capital stock of the Pacific Postal
Telegraph Cable Co, from $1,000,000 to $100,000 was filed on
Saturday at Albany, Liabilities are less than $5,000.
certificate
authorized capital of $20,000,000 (half being 7 per cent noncamulative preferred) to carry out the consolidation plan,
fully described in the Chroxicle of Aug. 5, pae,e 286.
Yesterday the subscriptions were reported as offered in Wall
Street at 1-25 and as bid for at 105,— V. 69, p. 286.
Union Gas & Electric Co. of Bloom ington, III.— Bonds
Co., of Chicago offer at 101^
Offered.— A. O. Slaughter
and interest $200,000 of the company's first mortgage 5 per
cent 20 year gold bonds; total authorized issue, $400,000, of
which $75,000 reserved for extension. The Northern Trust
Co. of Chicago is mortgage trustee. These bonds are dated
Aug. 1, 1899; due Aug. 1, 1919. Interest payable semi-annually, Feb. 1 and Aug. 1. Both principal and interest are
payable in gold coin of the United States of the present
standard of weight and fineness at the Northern Trust Co.,
Chicago, 111 denomination, $1,000, See Bloomington Gas
& Electric Co., V, 69, p. 228.
&
;
Virginia Iron, Coal & Coke Co. Additional Proptrties
Acquired— Official Statement — A description of the various
Peoples Gas Light & Coke Co. of Chicago.— Parc/iase of properties embraced in the original consolidation last spring
Pullman Compamfs Oas Plant. The Peoples company has was given in the Chronicle of April
The follow8, p, 675.
purchased the gas plant of the Pullman Palace Car Co. at Pulling named properties have since been acquired by purchase:
man, 111, Tbe consideration is said to be the supplying of
Embreeville & Carnegie property, Tenn'^ssee, 2 modern blast furgas to the Pullman Company for a definite period at a fixed naces and 65,000 acres ore and timber lands.
The Pallman Company is reported as having conrate.
Watts property, Middlesboro, Ky., 2 modern blast furnaces and 1
—
sumed
last year about 17,000,000 cubic feet of gas.
Hereafter its gas, as also that of the town of Pullman, will be
supplied, report says, direct from the mains of the Peoples
plant, the old gas works being dismantled. The chief im
portance of the purchase, it is explained, consists in the extension of the field of operations of the People's Company
Coke Co,
into a new district, where the Cook County Gis
has been planning to locate. V. 6S, p. 1182,
—
&
People's Telephone Corporation of New York City—
Meeting. After the meeting this week Secretary Frank S.
Gardner declared the corporation to be in as good condition as could be expected. He also denied the reports that
Eastern
the company proposes to absorb the New York
Telephone & Telegraph Co, or to merge with the Bell sysare not seeking consolidation," he said, " but intem. "
dependent organization and competition." The company's
plans are thought by some to be held in abeyance by the difficulty of getting subway privileges for its wires, Darwin
—
&
We
R. James
is
President.—V.
Pittsburg Stove
67, p, 789.
& Range
—
large steel plant.
Looney Creek Coal Mines, in Virginia, consisting of 1,500 acres.
Knoxville Car Wheel WorKs property and plant. In Carter County,
Tenn., consisting of a small blast furnace and 27,000 acres ore land.
Pjtts Creek Iron Ore property, of West Virginia, containing about
50.000 acres of Oriskany ore lands.
Radford Pipe Works, Radford, Va., capacity 60 tons cast-iron pipe
per day.
The lands now owned and controlled are as follows:
Acres.
Ore and Timber Lands—
Embreeville District (owned)
65.000
Doe Mountain and Doe Valley (owned)
22,000
Knoxville Car Wheel Works (owned)
27,0
Creek, Va., and New River ore fields (owned)
Cripple
30,000
Potts Creek, ore rights on
50,000
Sevei-al smaller properties in Tennessee and Virginia aggreabout
gate
15,000
Total ore and timber lands
Coal lands owned
209,000
132,000
Total acreage
341,000
blast furnaces and
six small charcoal furnaces, with a total capacity of pig iron
of from 700,000 to 900,000 tons per annum, besides its steel
plant, horse-shoe works and cast-iron pipe works, and claims
The company
to control the iron ore of that entire district.
has outstanding $8,425,000 stock (all common) and $8,435,000
The company now has fourteen modern
Co, Consolidation. This is a
being organized with $3,000,000 capital stock (one-half being 7 per cent cumulative preferred) to
consolidate nine stove foundries and manufactories in Pitts
first mortgage bonds.— V, 68, p. 675,
burg and Allegheny, Pa. The nine companies are A.
Western Electric Co.— Increase of Stock. The company
Bradley & Co., Graff & Co., Bissell & Co. and Baldwin &
Graham, of Pittsburg; Anshbutz, Bradberry & Co., De has been granted permission by the Secretary of State at
Haven & Co., Crea, Graham & Co., and Voegtly & Co., of Springfield, III., to increase its capital stock from $3,500,000
to $8,000,000,
Allegheny; and Walters Stove & Range Co., Sharpsburg.
The manufacturers claim that there has been no money in
the stove manufacturing business for some time. The recent
"Mexico as a Field for Investment" is the title of an
rise in the raw material hastened the consolidation.
C. P.
Walker, of Walker & Wainwright, who arranged the deal, interesting pamphlet just issued by Messrs. Spencer Trask
is quoted as saying that the assets of the constituent interests «& Co,, 27 Pine St.
new company which
is
:
—
—
August
,
:
:
19,
THE CHROM(^LE.
1S99.]
389
Rental of the Jlobile & Birmingham Railroad for four
months, March 1 to June 30. 1899
$26,000 00
F ental of the South Ca rolina & Georgi a and Augusta Southern railroads for two months, May 1 to June 30, 899...
47,083 33
Rental of Richmond & Mecklenburg Railroad for eight
months, November 1, 1898, to June 30, 1899
8,400 00
Sundry small increases
639 94
f^cpoxts atxd Mocumtnts.
1
SOUTHERN RAILWAY CO.
FIFTH
ANNUAL REPORT-FOR THE FISCAL YEAR
ENDING JUNE
30, 1899.
Total increases
$353,3-9 08
Miscellaneous decreases, due to retirement of Eichmond
<k Danville and Georgia Pacific Equipment Sinking
Fund Bonds.
8,844 17
New
York, August 18, 1899.
To the Stockholders of the Southern Railway Company
The President acd Board of Directors submit the following report of the operations of the
ended June
Company
for the year
Net increase
The increase
way
$344,484 91
of $50,000 in interest
upon Southern
To the fact that $1,000,000 of bonds which bore interest for only six months of the fiscal year 1898 carried
interest for entire year 1899, involving an increase of. . $25,000
(b) To the sale during the year of $1,000,000 of bonds,
bearing interest from January 1, IS 99, six months
25,000
(a)
30, 1899:
INCOME ACCOUNT.
1B99.
1898.
Inc. or Dec.
GrossEarnsfr'mOper. $25,353,686 07 $21,095,838 75 J.$4,257,847 32
Oper. Expens. & Taxes 17,356,355 37 14,501,864 44 1.2,851,490 93
Net Earns, from Oper.. $7,997,330 70 $6,593,974 31 /.$1,403,356 39
Inc. fr'm Other Sources
D. 19,908 27
328,469 81
348,378 08
$8,325,800 51
$6,942,352 39 7.$1,383,448 12
Interest and Rentals... $6,2f 7,252 80
Other Deduct, fr'm Inc.
24,028 23
$5,862,767 89
$6,23] ,281 03
$5,935,339 30
/.
72,57141
$34 4,484 91
48,543 18
J*.
7.
$295,941 73
Bal'n'e carried to Credit
ofProfltandLossAc't $2,094,519 48
$1,007,013 09 7.$1,087,506 39
For details see Table 2, page 394.
This account for 1899 includes the results of operation of
Memphis
Rail-
Consolidated Bonds was due:
CO
00
$50,000 00
Consolidated bonds reserved in the hands of the Trustee
for future improvements amounted, at the close of the year,
to $13,900,000, issuable only for expenditures for new and
additional property under the limitations specified in the
mortgage, and at a rate not exceeding $2,000,000 in any
one calendar year.
$1,000,000 have been withdrawn during the year 1899, as
stated below. It is not expected that further withdrawals
will be made this year.
Memphis Division First Mortgage Bonds similarly reserved
improvements upon the Memphis Division amount to
for
$1,417,' 00, to
be issued at a rate not exceeding $100,000 per
for the entire year as against four
months' operations of that property in the previous year.
It also includes the results of operation of the several
properties added to the system during the year 1899, as fol-
annum; and
lows:
withdrawn from the Trustee.
the
Di-vision
Mobile & Birmingham Railroad, March 1 to June 30, 1899.
South Carolina & Georgia Railroad and Augusta Southern
Railroad, May 1 to June 30, 1899.
Carolina Midland Railway and Seivern & Knoxville Railroad, May 21 to June 30, 1899.
Atlantic & Yadkin Railway, April 1 to June 30, 1899.
The Gross and Net Earnings shown above are the results
of the operation of an average of 5,377 50 miles for the entire year in 1899 as compared with an average of 4,937-43
miles in 1898.
The mileage operated at the close of the year was 5,958-68
miles, as against 5,231-67 miles at the close of the year previous, an increase of 7:i701 miles, as follows:
Miles.
Mobile & Birmingham RR
South Carolina <fe Georgia RR. and Augusta Southern
Carolina Midland Ry. and Seivern «kKnoxviile RR
148-55
RR
32320
71-68
Yadkin Ry
166-22
Aiken Branch (formerly Carolina & Cumberland Gap Ry.)
23-58
Ni rth Carolina Midland Ry.— Extension from Mocksvllle to
Atlantic
<&
MooresTille
27-47
Sundry small additions
".
72701
An
analysis of the Earnings and Expenses in detail in
comparison with those of substantially the same properties
in the previous year will be found in the report of the General
Manager, page
The net increase
391.
of $344,484 91 in " Interest
There are also reserved in the hands of the Trustee $1,Memphis Div. Second Mort. Bonds, issuable for
improvements on the Memphis Division at a rate not
exceeding $100,000 per annum. None of the reserved bonds
of this issue have as yet been withdrawn from the Trustee.
000,000 of
DIVIDENDS AND PROFIT AND LOSS ACCOUNT.
A dividend
of one per cent upon the then outstanding Prewas paid on January 20, 1899
The amount required for an additional dividend of one
per cent upon the Preferred Stock has been charged to
Profit and Loss as of June 30, 1899, and the amount has
been reserved to pay such dividend in October next.
ferred Stock
The balance standing at credit of Profit and Loss on
June 30, 1893, was
$1,454,95172
The balance standing at the credit of that account on
June to, 1899, after deducting dividends, as above,
was
2,366,563 88
For further details of profit and loss account see Table 3,
page 395.
557
766-17
o9 16
Less lines discontinued
in addition thereto $1,500,000 of these bonds
are reserved solely for the construction, if determined upon,
of a line of railway between Stevenson and Chattanooga.
None of the reserved bonds of this issue have as yet been
and Rentals
''
FINANCIAL CONDITION.
financial condition of the Company at the close of
year is shown in the comparative balance sheet
The
the
(Table
1)
The Company has no
since
its
liabilities of this
RR
Co
company.
Capital Stock:
$50,OCOOO
Increase in interest upon Southern Railway East Tennessee Reorganization Bonds, due to increase in rate, on
March 1, 1898, from four per cent to five per cent
30,000 00
Increase in interest upon Memphis Division First Mortgage Four Per Cent Bonds, paid for twelve months in
1899, as against six months in the previous year
101,660 00
Increase in interest upon Columbia & Greenville First
Mortgage Bonds, due to increase in rate on January 1,
1898, from live per cent to six per cent
10,000 00
Increase in interest upon Georgia Pacific First Moitgage
Bonds, due to increase in rate on January 1, 1898, from
five per cent to six per cent
28,000 00
Net increase in interest on Southern Railway Co. Certificates of Indebtedness issued in Dec, 1897. for account
of the purchase of Memphis Division, of which $600,000
out of the orf«inai ispue of $1,200,000 were outstanding
June 30, 1899, interest having been paid for twelve
months in 1899 as against six months of the previous
year
15,399 P9
Interest for twelve ironths ended June 30, 1899, on
Aiken Branch First Mortgage Four Per Cent Bonds, issued for the purchase of the Carolina & Cumberland Gap
Railway
6,C00 00
Interest April 1, 1899, to June 30, 1899, on $1,500,000
Atlantic & Yadkin Railway Company First Mortgage
Four Per CeLt Bonds
Interest from May 15 to June 30, 1899, on $2,000,000
Southern Railway Company Certificates of Indebtedness
issuf d and sold to provide, in part, for the purchase of
South Carolina & Georgia Railroad stock and Northern
Alabama Railway bonds and stock, and from May 19 to
June 30, 1899, on $3f 0,0( Southern Railway Company
Certificates of Indebtedness issued and sold to provide,
in part, for the purchase of bonds and stock of the Carolina Midland Railway Co. and Seivern & Knoxville
and has had none
The liabilities of every character of all subordinate companies operated as a part of the system, whether leased or
owned, are shown in the balance sheet, and are treated as
consists of
Increase in interest upon Southern Railway Consolidated
Bonds
floating debt
organization.
15,00000
amount of $2,709,600, par value,
sold during the year to provide, in part, for
the purchase of Capital Stock of the South Carolina
Preferred Stock to the
was
issued
and
ferred Stock.
of
There has been no change during the year in the amount
Common Stock outstanding.
Funded Debt, Outstanding Securities of Leasehold Estates,
AHD Equipment Notes:
As stated in the last annual report, there were outstanding on June 30, 1898:
(including $94,=^,000 Southern Railway
Coneolidatert Bonds tree in Treasury and $1,500,-
Funded Debt
000 Memphis Division Second Mortgage Bonds
owned by the Company)
Outstanding Securities of Leasehold Estates
Fquipment Notes
Total
$101,236,000 00
12,850,000 00
202,817 76
$114,288,817 76
On Jime 30, 1809, as shown by the balance sheet (Table 1)
there were outstanding:
Funded Debt (including $1,394,000 Southern Railway
Consolidated Bonds free in Treasury and $1,500,Ol
Memphis Division Second Mortgage Bonds owned
$103.932,.300 OO
by the Company)
21,508,000 00
Outstanding Securities of Leasehold Estates
239,991 63
Equipment Notes
Total
15,145 82
&
Georgia Railroad Company.
This completes the authorized issue of $60,000,000 of Pre-
Net Increase during the year in these three accounts
$ 125,680.:: 91 6S
$11,391.473 87
THE CHRONICLE.
390
This net increase of $11,391,473 87 represents:
ADDITrONS DURING YEAR:
(A) New Issues:
$1,229,000 00
Southern Railway Co. Consolidated Bonds
lasued as follows:
Upon retirement of an equal amount
of Equipment Bends, and Equipment Trust obligations of the old
Companies and of their Receivers.. $216,000 00
Upon the retirement of an equal
amount of Prior Lien Bonds re-
deemed,
Rapidan First
«&
13,000 00
Issued during the year for account of
the acquisition of new property
1,000,000 00
Mortgage Bonds
Charges to Capital Account.
For New Construction and Real Estate
Expenditures for new Construction and Real Estate
charged to capital account during the year have been (see
Balance Sheet. Table 1, "Current New Construction, Year
(a)
$99,800 00
Real Estate at Birmingham, Ala
20,934 25
Real Estate at Washington, D. C
26,,505 17
Real Estate at Louisville, Ky
10,502 35
Real Estate at R me, Ga
9,750 00
Real Estate at Columbia, S. C
3,500 00
Real Estate at Lynchburg, Va
4,852 63
Real Estate— Miscellaneous
Termiaal Improvements at Pinner's P'nt,Va. 28,983 30
14,931 11
Terminal Improvements at Brunswick, Ga
13,470 51
Term. Tracks and Property at Louisv., Ky
For completion of construction of branch
railroad from Leeds, Ala. (near Birming14,600 64
ham) to iron ore mines
For account of construction of Chattanooga5,065 00
Stevenson line
Additional Passing Tracks and
.
.
g'1.229.000 00
Southern Railway Company, Aiken Branch,
First Mortgage 4 Per Cent Bonds, issued for
the purchase of the carolina & cumberland
Gap Railroad
Atlantic & Yadkin Railway First Mortgage 4
Per Cent Bonds, issued April 15, 1899, guaranteed, PRINCIPAL AND INTEREST, BY SOUTHERN
Railway Co.
(B) Securities of Leasehold Estates:
Bonds of South Carolina & Georgia and Augusta
Southern Railroad Companies:
8. C.
&G
150,000 00
1,500,000 00
Tracks to Industrial Plants,
$140,38476
210,091 feet
Less amount charged to Operating Expenses, representing 49,751 feet of
35,284 26
Track taken up
$357,995 46
5,650,000 00
Richmond & Mecklenburg RR. Co. First Mort. 4
Per Cent Bonds, dated November 1, 1898
Equipment Trust Notes of South Carolina
Georgia and Augusta Southern Railroad
303,000 00
from Construction Account and charged to
Operating Expenses
Less amount transferred
<fe
&G RR
$114,478 14
9,307 78
RR
123,7'35 92
Securities of Mobile & Birmingham Railroad Co
Prior Lien Bonds. 5 Per Cent
$600,000 00
First Mortgage Bonds, 4 Per Cent. 1,200,000 00
900,000 00
Preferred Stock
:
.
Total Additions
REDUCTIONS DURING YEAR.
Richmond & Danville Equipment Sinking
Fund 5 Per Cent Bonds, retired
$91,000 00
Oeorgia Pacific Equipment Sinking Fund
5 Per Cent Bonds, retired
75,000 00
Charlottesville & Rapidan First Mortgage 6 Per Cent Bonds, retired
13,700 00
Equipment Notes Paid (for details ses
:
Equipment purchased or
Net increase in these three accounts as above..
.
1 Steamer,
$11,391,473 87
in securities outstanding, as shovrn above, is
fully represented either by the amount of prior lien securities retired, or by the cost of new property acquired, or by
securities outstanding upon newly-acquired properties.
Certificates of Indebtedness.
Of the Certificates of Indebtedness issued in Dec, 1897,
on account of the Memphis Division, §400,000 were paid
during the year, leaving outstanding at the close of the
year the sum of $600,000.
There were issued during the year, to provide in part for
the purchase of stock of the South Carolina
Georgia Railroad Company and of the Seivern
Knoxville Railroad
Company, and of stock and bonds of the Northern Alabama
Railway Company and of the Carolina Midland Railway
Company, Certificates of Indebtedness in the sum of $3,85 ,000, bearing interest at the rate of five per cent per annum.
$2,000,<iOO of these certificates are payable in eight (8)
semi-annual instalments and $350,000 in three (3) semi-annual instalments, with the right to the Company in respect
to each of these issues to pay all or any part thereof upon
the due date of any one Certificate.
These Certificates were issued to avoid the creation of
floating debt, and to fund for short periods the amounts expended for the properties named, with a view to permanent
funding at lower rates of interest at or before maturity of
&
the Lertificates.
Equipment Trust and Equipment Sinking Fund Payments.
Equipment Trust Notes have been paid during the year, as
follows
Richmond & Danville Car Trust Notes
$8,20000
East Tennessee Virginia & Georgia Car Trust Notes
&. Charleston Car Trust Notes
South Carolina & Georgia Car Trust Notes
Augusta Southern Car Trust Notes
Memphis
37,500
24,479
14,249
2,lb3
00
04
57
44
$36,fil2 0T
Total
$175,771 00
costing
7 Passenger Cars,
67 Freight Cars,
The increase
&
built,
viz.:
$269,312 05
Total Reductions.,
$349,995 46
The policy has been rigidly adhered to of charging to Capital Account only such expenditures as represent the cost of
new and additional property.
All betterments to properties previously owned have been
charged to Operating Expenses.
For New and Additional Equipment
(5)
2,700,000 00
Expenditures for new and additional equipment, charged
to Capital Account, during the year (as shown by the Bal$11,660,785 92
ance Sheet, Table 1. "New and Additional Equipment, Year
1898-99"), have been $485,299 38, representing the cost of
88,612 05
below)
8,000 CO
Total for Canstruction and Real Estate
Companies:
S. C.
105,100 50
feet of additional track
400.000 00
Augusta Southern
.
Balance representing cost of 160,340
First Mtge. 5 Per Cent.... $5,250,000 00
Southern First Mortgage
Augusta
5 Percent
LXIX
1898-99"):
viz.:
Charlotteville
[Vol.
Outstanding Equipment Trust Notes at the close of the
year, after making the above payments, amount to $239,991 63, as follows
East Tennessee Virginia & Georgia Car Trust Notes
$100,000 00
Memphis & Charleston Car Trust Notes
3-',^^38 72
Souta Carolina & Georgia Car Trust Notes
100,228 57
Augusta Southern Car Trust Notes
7,124 34
50 B irges.
Air-brake and automatic-coupler equip309,528 38
ment, costing
for cars not previously so equipped, viz.:
Air brakes for 4,9 ^5 Freight Care,
Automatic couplers for 1,506 Freight Cars.
$485,299 33
Total for equipment
Tital Charges to-Capital Account during the year for
$835,294 84
Construction, Real Estate and Equipment
EQUIPMENT ON HAND JUNE
30, 1899.
in Table 21, the equipment of all lines at the
close of the year consisted of
23,912 Cars, Freight Equipment,
764 Locomotives.
446 Cars, Road-Service Equip
682 Cars, Passenger Equipm't,
Floating equipment owned by the Company at the dose of the year
consisted of two Steam Tugs, one Towboat, 57 Barges, 28 Coal
Boats and one Pump Boat.
As shown
1
|
This includes equipment received with the Carolina
Cumberland Gap Railway, viz.:
2 LocomotlTcs,
2 Cars, Passenger Equipment,
with the Mobile
1
10 Cars, Freight Equipment
|
& Birmingham
13 Locomotives,
13 Cars, Passenger Equipment,
with South Carolina
&
I
1
Railroad, viz.:
33 i Oars, Freight Equipment,
13 Cars, Road-Service Equipm
Georgia Railroad,
44 Locomotives.
52 Cars, Passenger Equipmeut,
&
1
|
t;
viz.:
1,142 Cars, Freight Equipment,
22 Cars, Road-Service Equip.;
with Carolina Midland Railway,
viz.:
3 Locomotives,
Oars, Freight Equipment;
I
4 Cars, Passenger Equipment,
and with the Atlantic
&
2
i
I
Yadkin Railway,
14 Locomotives,
11 Cars, Passenger Equipment,
1
|
viz.:
296 Cars, Freight Equipment,
3 Cars, Road-Service Equipment.
costing $797,329 76 has been purchased
during the year and charged to operating expenses, viz.:
New equipment
15 Locomotives,
6 Passenger Cars,
I
1,288 Freight Cars.
|
The new equipment thus charged to "Operating Expenses " has fully provided for the replacement of all equipment retired, and for all depreciation in equipment during
the year.
ADDITIONAL PROPERTIES ACQUIRED.
SOUTH Carolina & Georgia Railroad.
:
$239,991 63
Total
In April, 1899, the Southern Railway Company acquired,
by purchase, a large majority of the capital stock of the
South Carolina & Georgia Railroad Company, and leased
the property of that Company for a term of thirty years,
effective April 29, 1899.
The Southern Railway Company makes no guaranties
Sinking Fund payments during the year, on account of under the terms of the lease, but agrees to pay to the shareEquipment Bonds, have been
holders of the South Carolina & Georgia Railroad Company
Richmond & Danville 5 Per Cent Equipment Sinking Fund. $98,555 00 the net income from the operations of the property, after
Georgia Paciflc 5 Per Cent Equipm.mt Sinking Fdud
luO,645 00 deducting operating expenses and taxes, expenses for betBonds, and
Total
$199,200 00 terments, interest on South Carolina & Georgia
rental of Augusta Southern Railroad.
:
August
The
of
THE CHRONICLE.
19, 1899.]
results of operation under said lease for the months
June, 1899, are included in those of the Southern
May and
391
value, of the Preferred Stock, and $300,000, par value, of the
Common Stock, the remaining one-half interest having
been, at the same time, purchased by the Louisville &
Nashville Railroad Company.
Railway Company.
Northern Alabama Railway.
The property of the Birmingham Southern Railroad ComIn April, 1899, the Southern Railway Company acquired,
by purchase, a large majority of both the bonds and capital pany comprises all of tbe yards, sidings and other railroad
properties formerly owned by the Tennessee Coal, Iron &
stock of the North rn Alabama Railway Company.
The Northern Alabama Railway consists of a line 95-56 miles Railroad Company in and near Birmingham, Ala., embracin length, from Sheffield, Alabama (where it connects with ing necessary real estate, rights of wav and about 70
the Memphis Division of the Southern Railway Company), miles of track.
This property will be operated separately by its own ofto Parrish. Alabama (where it connects with this Company's Birmingham-Greenville line), and of branches aggre- ficers, under an agreement between the two above-named
proprietary Companies.
gating 22-18 miles in length.
Norfolk & Portsmouth Belt Line Railroad:
This property is operated under its own officers separately
from the Southern Railway System, and the results from its
The Norfolk & Portsmouth Belt Line Railroad, a terminal
operation are not included in those of the Southern Railway line extending from Pinner's Point, Virginia, through Ports
Company.
mouth and Norfolk, to a connection with the Norfolk &
ATLANTIC & Yadkin Railway.
Western Railway, in Berkley, Virginia, was completed and
The purchasers at the foreclosure sale of Ihe property of opened for business in September, 1898. The Southern Railthe Cape Fear & Yadkin Valley Railway Company reor- way Company owns one-eighth of the capital stock of the
ganized that property in February, 1899, under the name of Norfolk & Portsmouth Belt Line Company, the other seventhe "Atlantic & Yadkin Railway Company." Subsequently eighths being owned equally by the other Railroad Comthat Company sold to the Wilmington & Weldon Railroad panies having terminals on the Elizabeth River. The propCompany that portion of the railroad thus acquired situated erty is operated independently for the interchange of traffic
east and south of Sanford, N. C, together with one-half of between the railroads centering at Norfolk. This connection
the equipment acquired at said sale. In May, 1899, the enables the Southern Railway to reach the City of Norfolk by
Southern Railway Company acquired, by purchase, all of rail, and has materially increased the facilities for the interthe securities of the Atlantic & Yadkin Railway Company, change of cars by the several Railroad Companies interested.
consisting of Sl.500,000 First Mortgage Four Per Cent Bonds,
NEW INDUSTRIES.
and $1,(00,000, par value, capital stock. The $1,500,000 of
The development of manufacturing industries in the
bonds were thereupon guaranteed, principal and interest, by South, and upon the Southern Railway Company's lines,
the Southern Railway Company, and were sold in May, continues
to be very marked and encouraging. The greatest
1899, to reimburse the Company, in part, for the cost of said activity is in
connection with the iron industry and in the
securities, leaving all of the capital stock of the Atlantic &
manufacture of textile fabrics, but there is also a steady
Yadkin Railway Company in the treasury of this Company. growth in diversified manufactures, including such articles
The Atlantic & Yadkin Railway consists of about 131 as wagons, furniture, agricultural implements, brick and
miles of main line between Sanford, N. C, and Mt. Airy, N. tiles, glassware,
canned goods, leather, etc.
C, and about 35 miles of branch lines connecting thereThe most important development of recent years, howwith.
ever, is the inauguration on a large and sub^^tantial scale of
The income from this property is included in that of the the manufacture of Southern iron into steel, by the openSouthern Railway Company from April 1 to .lune 30, 1899.
hearth or basic process.
Carolina Midland Railway and Seivern & Knoxville Railroad.
With this industry firmly established, as it now promises
In May, 1899, the Southern Railway Company, acquired by to be, the market for the output of Southern furnaces will
purchase, substantially all of the securities of the Carolina be greatly widened, and the advantages of the South in the
Midland Railway Company and the Seivern & Knoxville matter of cheap production of pig iron will be still further
Railroad Company. The property of these Companies con- emphasized, to the increased profit and benefit of that ensists of 71-58 miles of railroad between Batesburg, S. C. tire section of country, not only in the sale of the steel it(where it forms a junction with the Columbia- Augusta line self, but in the creation of numerous collateral manufactoof the Southern Railway), and Allendale, S. C. (where it ries for converting it into finished products.
connects with the Charleston & Western Carolina Railway).
Pursuant to the policy adopted in 1897, the accounts of
The results of operation of these properties are included
in those of the Southern Railway Co. from May 81 to June the Company have been examined by certified public accountants, and the certificate of Messrs. Patterson, Cor30, 1899.
Carolina & Cumberland Gap Railway.
win & Patterson, as the result of the examination, is atThe property of the Carolina & Cumberland Gap Railway, tached to this report.
which, as stated in the last Annual Report, was leased on
Fspecial attention is directed to the General Manager's
July 1, ]89'<, was, on September 1, 1898, purchased by the
and there were issued on report for statistics, details of earnings and expenses, maSouthern Railway Company:
account of said purchase $150,000 of Southern Railway terials used, betterments made and economies accomplished
Company, Aiken Branch, First Mortgage Four Per Cent in the operation of the property.
Bonds. The interest on these bonds is substantially the
The acknowledgments of the Board are due to all officers
same in amount as the rental under the lease.
and employes for the faithful and efficient discharge of
Lease of Mobile & Birmingham Railroad:
their duties during the year.
The property of the Mobile & Birmingham Railroad Com
Respectfully submitted by order of the Board.
pany was leased on March 1, 1899, to the Southern Railway
SAMUEL SPENCER. President.
Company for 99 years, at an annual rental equal in amount
to the interest upon the outstanding bonds of the Mobile &
Birmingham Railroad Company — viz.: $600,000 Prior Lien EXTRACTS FROM THE REPORT OF THE GENERAL
MANAGER.
5^ Bonds and $1.20 '.000 General Mortgage 4=% Bonds and
dividends on the $9i'0,000 of outstanding Preferred Stock of
that Company at the rate of one per cent for the year ended
Washington, D. C, August 12, 1899.
June 30, 19 0, two per cent in the year ended June 30, 1901, Mr. Samuel Spencer, President. New York:
Dear Sir Below please find report of the operations
three per cent in the year ended June 30, 19 2, and four
per cent per annum thereafter. The amount of rental for and physical condition of the Southern Railway properties
the year ending June 30, 1900, will be $87,000, and will in- for the year ended June 30, 1899:
—
—
crease for three years thereafter at the rate of $9,000 per
of $114,000 per annum
in the year ending June 30. 1903.
The Mobile & Birmingham Railroad extends from Mobile,
Ala to a junction point with the Southern Railway at
Marion Junction, Ala a distance of 148-55 miles. The resultsof operation under the lease for the period from March
1 to June 30. 1899, are included in those of the Southern
annum, reaching the maximum rental
,
MILES OF ROAD OPERATED.
The number of miles
The number of miles
An
:
:
June
June
30, 189*^, was. 5,231-67
30, 1899, was. 5,958-68
727-01
increase of
A detailed
,
Railway Company.
Richmond & Mecklenburg Railroad Company
The Richmond & Mecklenburg Railroad, which had previously been operated under a traffic contract dated June
3), 1894, was leased, on November 1, 1898, for a period of
fifty years at an annual rental equal to four per cent upon tbe
maximum amount of $315,000 of Richmond & Mecklenburg
First Mortgage Bonds, substantially all of the holders of
the $315,000 of Richmond & Mecklenburg First Mortgage
Six Per Cent Bonds agreeing to exchange their bonds for
new four per cent bonds in consideration of the making of
the lease by the Southern Railway Company.
Birmingham Southern Railroad
In June, 1399, the Southern Railway Company acquired,
by purchase, from the Tennessee Coal, Iron & Railroad
Company, one- half of the entire capital stock of the Birmingham Southern Railroad Company— viz., $300,000, par
of road operated on
of road operated oa
1899,
tails
statement of the roads operated on June 30,
is given in Table No. 19 in pamphlet report.
The deof the increase in miles operated are as follows:
Additions.
Miles. Miles.
23-68
Aiken Branch - Edgefield to Aiken, 8. C
Castleman Branch— CaetlemanJuction to Castleman, Ala. 3'63
North Carolina Midland RR. Extension— Mocksvllle to
Mooreyille Junction, N.
27-47
C
South Carolina & Georgia RR. and Augusta Southern
RR.— Augusta, Ga., to Charleston, S. C; Augusta, Ga.,
to Tennille, Ga.;
Columbia
to Branchville, 8.
C, and
Branches
Atlantic
& Yadkin Ry.— Sanford to
Mt. Airy, N.
32320
C, and
166-22
Branches
54-14
Carolina Midland Ry.— Allendale to Seivern, S. C
17-44
Seivern & Knoxville RR. - Seivern to Batesburg, S. C.
Mobile & Birmingham RR.— Marion June, to Mobile, Ala.148-55
Mobile, Ala., L. & N. Trackage Lipscomb St. to Union
'75
Passenger Station
764-98
-50
Addi'n by re-measurement— Asheville & Spartanburg RR.
"
"
69
RoBweil Branch
1-19
—
766-17
THE CHRONICLE
392
Redcctions.
The number of miles run by
1899 was
The number of miles run by
1898 was
Part of HPinry-EUon Branch taken up
219
13'77
Lauderdale Branch taken up
Discontinuation of trackage over Alabama Great Southern RR. between Mobile Junction and Blocton, Ala... 2'?*20
The
lines of road are located as follows:
Miles.
1,317*14
Tennessee
291*77
6 47 -19
896 44
Virginia
North Carolina
South Carolina
Kentucky
13475
70f'-71
Georgia
Misslsilppi
963-76
Total
5,958-68
The average number
of miles rim
in 1899 was...
The number of miles run
in 1898was
An
An
Company
in the year 1898-9, including acquired roads shown
in foregoing table under head of "Additions," was 5,377-50,
as compared with 4,937-43 miles in the previous year. For
purposes of proper comparison, however, the following statistics relating to earnings and expenses cover only the
operations of 5,254 miles of road which were included in
the Southern Railway System during the entire year ended
June 30, 1899, as compared with the operations of the same
lines for the entire year preceding.
1899.
From
"
"
"
1898.
Inc. or Dec.
$
$
15,901,845 41 14,632,376 95 i. 1,269.468
5,650,766 87 /.1,329,787
1,244,167 43
/.6,635
Express
500.395 86
462,705 82
7.37,690
MisceUaneous.
395,3^192
418,384 31
i>.22,9^2
46 8-68
57 23-54
-53
10
04 8-15
39 5-50
6,951,304 24
68-39%
22,333,345
1.912,934 or 8*57%
of tons carried per
187*58
of tons carried per
174*51
1307 or 7*49%
increase of
41*22
cts.
42-03
"
-Hi
"
orl-92%
5*25 per cent.
The average cost of conducting tran.sportation per
train mile decreased 1*92 per cent.
The number of passengers carried increased 12*82 per
cent.
The number of passengers carried one mile increased
27-77 per cent.
The number of tons carried (including Company's
material) increased 4*97 per cent.
The number of tons carried one mile (including Company's material) increased 11 43 per cent.
The average number of tons per train increased 7 "49
per cent.
The number of miles run by all trains increased 7-34
per cent.
Net earnings from
7,911,203 68
24,246,279
by locomotives
To summarize
The gross earnings increai-ed 11*69 per cent.
The expense for conducting transportation increased
Total Expenses. .17,117,786 48 15,4-57,097 14 7.1,660,689 34 10-74
operation
by locomotives
In the above computations the mileage of mixed trains is
considered as one-fourth passenger service and three-fourths
Total earnings... 25,028,990 16 22,408.401 38 7.2,620,588 78 11-69
Expenses—
ForCond'gTrans'n.. 8,174,138 93 7,766,15143 7407,987 50 5-26
For Malnt. of Way
and Structures.... 3,.'>45,530 02 3,204.0.59 33 7.341.470 69 10-66
For Maint. of equip. 3,757,601 88 2,906,873 01 7850,728 87 2927
For General Exp'n'a
and Taxes
1,640,515 65 1,580,013 37
7.60,502 28 3'83
68-98%
Ratio of expenses to
earnings
18,^75,206
Arftcreaseof
Vent.
Passengers.... 6,980,554 44
Mail
1,250,802 5^
"
19,831,021
The average cost of conducting transportation per train mile in 1899 was
The average cost of conducting transportation per train mile in 1898 was
Per
$
Freight
trains in
freight
EARNINGS AND EXPENSES.
Earnings—
all
increase of
The average number
train in 1899 was
The average number
train in It 98 was
by the
of miles of road operated
trains in
1,355,815 or 7-34%
The number
996«5
227 Alabama
District of Columbia
all
An increase of
3916
727*01
Net increase
[Vol. LXIX.
7.959,899 44 13 81
Decrease,
MAINTENANCE OF PROPERTY.
-59
Way and btructures
The increase of $341,470 69, or 10-66 per cent in expenses
Freight Tkaffic.
for maintenance of way and structures is represented by a
The freight earnings increased $1,269,468 46. or 8
per considerable improvement during the year in the condition
cent.
The number of tons of freight carried increased 573,974 of the roadway and structures.
tons, or 5 95 per cent.
(5) Maifitenance of Equipment
Th« number of tons of freight carried one mile increased
The increase of $S50,738 87, or 29 27 per cent in expenses
184,231,315 tons, or 11-6 per cent
for maintenance of equipment is represented by a continued
The average length of haul of freight per ton was 173-37 and marked improvement in the condition of the Rolling
miles in 1899 and 164-59 miles in 1898, an increase of 5 33 Stock.
per cent.
The average expense for repairs to each class of equipThe average rate per ton per mile was -897 of a cent in ment per engine per mile, and per car per mile during the
1899, as compared with 922 of a cent in the previous year, a five years of the Company's operations has been as follows
decrease of 271 per cent
1894-='. 1895-6.
1898-9.
1896-7.
1897-8.
The average earnings of freight trains per mile run were Locomotives per mile. .4*19 cts. 4- 12 cts. 4-89 cts. 5-68 cts. 569 ots.
"
"
047 " 0-48 "
47
53
077 "
$1 -450 in 1899, compared with $1 382 in 1898, an increase of Freight Cars
0-85 "
..OSS "
0-S4 "
107 " 116 "
Cars "
(a)
COMPARISON OF STATISFICS.
Maitdenance of
)
:
'•
.
Passenger
4 90 per cent.
Passenger Traffic.
The passenger earnings increased
ACCOUNTANTS' CERTIFICATE.
$1,329,787 57, or 23*54
per cent.
The number
of passengers carried increased 581,757, or
12-82 per cent.
The number of passengers carried one mile increased
67,-
A.
Hamilton
STUAKT Patterson.
SruART H. Patterson.
Certified Public Account.ants,
30
The average rate per passenger per mile was 2 244 cents,
as compared with 2-321 cents in the previous year, a de-
were
$1-072 in 1899.
compared with
$')-999
in
1898.
an
in-
crease of 7'28 per cent.
tonnage
company's freight)
The total tonnage
total
Compaoy '8
An
$107,987 or 5-25%
moved
(including
in 1899 was....
moved (including
freight in 1898
increase ol
11,707,677
was
11 ,153, 561
554.T16 tons, or 4-97%
The total number of tons carried one mile
(includiug Company's fieightj in 1899
„"wa8
The
total
2,057,571,910
number
of tons carried one mi e
(Including Company's freight) in lr98
was
1.846,565,211
2il.006,699 or 11-43%
Auincreaseot
The number
of miles run by passenger
trains in 189^) was
The number of miles run by passenger
trains in 1898 was
An increase of
The number
of miles
run
trains in 1899 was
of miles run
trains In 1898 was
Anincrease of
The number
1054%
by freight
10,969,005
by freight
"
10,581. 318
387.H.'S7 or
New
York, Aug.
17, 1899.
correct.
further certify that the condensed balance sheet,
published herewith, correctly sets forth the financial condition of the Company as of the date June 30, 1899.
Iq the course of our investigation we examined the
records of the departtnents of traffic receipts and disbursements to prove the entries of revenue and expenses on the
general books, and verified the asset and liability balances
by examination of the various auxiliary books and records,
and by certificates of proper parties where necessary.
All "important items and entries received careful attention, and were tested and proved by tracing to original
authorized sources. All charges against plant, construction and equipment accounts were especially
investigated, and found to be correct.
The cash balances were
8,277,352
7,487,770
789,^82 or
Street.
We
The
The
Broad
To the Bondhollers and Stockholde s of the
Southern Raihvay Company.
We have critically examined the books and accounts of
your Company, and hereby certify that the statements of
income and profit and loss accounts for the fi.scal year ended
June 3i>, 1899, published herewith, agree with the books,
and are
COKDUCTIKG TRAXSPORTATION.
total expenses for "Conducting
TransportatioL" increased
Corwin.
PATTERSON, CORWIN & PATTERSON,
600,052, or 27-77 per cent.
crease of 3-32 per cent.
The average distance traveled by passengers was 60 77
miles, as compared with 53-66 miles in the previous vear, an
increase of 13-25 per cent.
The average earnings of passenger trains per mile run
S.
3-66%
verified
and
critically
by comparison with the
pass-books, statements or receipts of the various banks and
other custodians, and by actual count of the cash in the
Treasurer's office.
The securities and bills receivable owned by the company
and held in the treasury, or deposited in trust, were also
located and verified
PATTERSON, CORWIN & PATTERSON,
Certified Public Accountants.
.
.
August
THE CHRONICLE.
19, 1899.]
TABIiE: I.— COMPARATIVE BALANCE SHEET JUNE
393
30, 1899,
AND JUNE
30, 1898.
JUNE
ASSETS.
J ONE 30, 1898.
30, 1899.
Cost of Road—
Southern RaUway Properties
Viz.: Total to June 30,1898
$251,105,986 93
$252,877,040 02
93
09
00
46
& Yadkin Ry
Alben Branch
Current New Construction Year 1898-9
$251,105,986
1,367,366
142,250
349,995
Less net credit by Sundry Ad.justmenta
$252,965,598 48
88,558 46
Atlantic
$252,877,040 02
12,474,845 00
Leasehold Estates.
$263,580,831 93
$10,038,072 07
{Per contra " Outatandlnj? Securities ")
20,473,934 38
Total Cost of Road.
Cost of Equipment.
Eouipment Owned
iz.: Total to June 30, 1898
Y
$273,350,974 40
10,881,556 95
$10,038,072
Tr. Equip, finally paid for and released from Trust
228,960
Received with Atlantic & Yadkin Ky.
119,743
"
"
Aiken Branch
7.375
"
Car. Mid. RR. and S. A K. RR...
10,490
New and Additional Equipment, Year 1898-9.
485,299
07
00
OO:
OO;
00
38
$10,889,939 4!>
8,382 50
Less net credit by Sundry Adjustmenta.
$10,881,556 95
Trial Equipment
tquipment Leasehold Estates. (Per contra "Outstanding Securities ")...
Viz.: North Carolina RR
$105.000 00
Atlanta <fe Charlotte Air Line Ry
194,005 00
1,854,711 00
375,155 00
Georgia Midland Ry
South Carolina & Ge rgia RR
Augusta Southern RR
Mobile & Birmingham RR
Richmond & Mecklenburg RR
1.625,751 00
1,086,179 86
76.150 00,
479.462 64'
37,485 22
191.240 00
2,837 00,
$1,086,179 86
Equipment Other Lints.
7,400 00
12,275,338 07
3,640 00
(Per contra).
Total Cost of Eqcipmext
13,597,127 81
Total Cost op Road and Equipment.
$275,856,170 00
Cost of Securities Pledged or Held for Control.
$286,948,102 21
Mortgage (3ee Table 6)
Pledged under
Pledged under Memphis Division First Mortgage
Pledged to secure Southern Ry. Certificates of Indebtedness
U. S. Government Bonds deposited under North Carolina RR. Lease
Seo'sln Treas. unpl'd, heldforoontroUrasmun. of title, etc. (See Table 7)
$13,121,504 82
700,000 00
$13,433,214 06
700,000 00
6,224,50132
182,750 00
955,808 34
First Consolidated
1,500,00 00
175,000 00
I
56S.695 82
16,068,200 64
21,496,276 72
$291,924,370 64
Total Cost of Road, Equip, and Securities
1,u78,53h 72 Material and Supplies on Hand
$293,002,909
945,000
988,759
64,301
173,3'1
18,521
101,272
36
00
70
90
12
13
36
$2,275,222
291,2-3
396597
321,013
718,732
532,859
62,078
4,597,777 51
Held for Control..
$308,444,378 93
1,193,872 73
Total Capital Assets
Southern Ry. Co Consolidated Mortgage Bonds in Treasurt
Miscellaneous Securities Owned, in Treasury unpledged
$309,638,251 66
1,394.000 00
1,647,9-^2 42
15.000 00
179.190 79
3,515 86
130,514 81
Securities Owned— dt^posited under contract
Bills Receivable— deferred but secured
Insurance Paid, Not Accrued
Sinking Funds— Uninvested Balances in hands of Trustees
Current Assets —Cash in hands of Treas and in hands of Fin'l Agents.
Cash In transit from agencies
Due from Agents and Conductors
Due from United States Post OlBce Department
Due from Connecting Lines
Due from Individuals anA Companies
Bills Receivable —current
$2,982,352 26
406,323 40
.=^07,456
332,948
556,017
1,043.508
66,530
79
02
32
20
14
Total Curreut Assets.
5,895.136 13
$318,903,571 67
$299.894.8.''3 09
June
June
LIABILITIES.
30, 1898.
Capital Stock.— Common
$120,000,000 00
57,290.400 00
Preferred
$177,290.400 00
101,236,000 00 Funded
t
Total
Debt
$8,200 00
137,500 00
57,117 76
(see
page 395, Table
5)
,
Richmond & Mecklenburg RR
Total
Equipment Notes.—Richmond & Danville
00
00
00
00
00
2,700,0t
00
308,000 00
$7,200,000
4,000,000
1,650.000
5,250.000
400,000
21,508,000 00
RR
& Georgia Ry
Charleston RR
Memphis <&
arolina & Georgia RR
South
Augusta Southern RR
100,000 00
East Tennessee Virginia
32,63'< 72i
1
202,817 76
$180,000.000 00
103,932,300 00
(see
Atlanta & Charlotte Air Line Ry
North Carolina RR
Georgia Midland Ry
South Carolina & Georgia RR
Augusta Southern RR
Mobile & Birmingham RR
12,850,000 00
$120,000,000 00
60,000,000 00
,
page 395, Table 4)
Outstanding Securities of Leasehold Estates
$7,200,000 00
4,000.000 00
1,650,000 00
30, 1899.
,
100,228 571
7,124 34!
Total
239,991 63
Certificates of Indebtedness.
Aoo'C pur. Memphis Division
"
So. Car. & Ga. RR. stock and Nor Ala. Ry. bonds and stock,.
"
Carolina Midland and Seivern & Knoxville bonds and stock.
$1 .000,000 00
1,000,000 00
$50,000 00
Total
Mortgages on Real Estate.— Norfolk, Va
2.950,000 CO
$50,0'
Total
$292,636,617 76
1,077,278
.'^6.852
3,610 00
Total Capital, Fuuded aud L,ien Liabilities
Reserves.— For Maintenance of Way
For Maintenance of Equipment
1$308,691,931 63
$301,335 78
546.452 t9
683,083 95
Total
Sundry Accounts
55 Interest and Rentals Accrued, Not Due..
07 Taxhs Aocrued, Not Due
Reserve for Div. No. 4, 1%, on preferred stock, payable in Oct. 1899..
Current Liabilities.
Interest and Rentals Due and Unpaid, including amount due July 1 1899.
Audited Vouchers (including new construrtion and new equipment)
42
69
36
67
600,000 00
27
1,530.872
22,208
597,465
287,821
71
,
Foreign Freight Claims; Authorities Issued
Pay Rolls (June)
728.!i51
422,969
2 0,196
$3,640 oo;
MisoeU aneous
620,376
62,943
524,429
249,896
$l,8^9.7fl0
58,000 00
Equipment other Lines.- Roswell RR
Richmond & Mecklenburg RR.
7,4CO0O
Total
$232,774 00
211, 8?4 38
1 '5,777 89
00
8,000 00'
Washington, D. C
50,000 00
$3,«40 00
3.760 00
$600,000 00
2,000,000 00
350,000 oo;
Wages Uncalled for
Due Connecting Lines
Due Individuals and Companies
4.345,638 00
Total Current L.labllitles.
1,454,951 72 Profit and Loss (see Tables 2 and 3)
|$299,094.8S3 08
68
80
28
66
6.5,645 51
398,217 24
2f 2,236 85
$1,919,531
1,252,970
3 ,113
857,992
4,806,709 02
2,366.563 88
$318,903,571 67
THE CHRONICLE.
394
TABLE
2.—INCOME ACCOUNT FOB
YEAR ENDED JUNE
COMPARED WITH YEAR ENDED JUNE
SO, 1899,
DEBIT.
1898.
LXIX.
[Vol.
30. 1898.
1899.
Lines
Exclusive of
Lines Added Added DurDuring Year. ing Tear.*
$3,031,170
2,751.324
7,263,724
1,455,144
To OPERATiJfG Expenses and Taxes:
Maintenance of way and structures.
85
32
37
90
Maintenance of equipment
Condi; otinK transportation
General expenses and taxes
i
$14,501,864 44
$3,545,530
3,757,601
8,174,138
1,640,515
02
88
93
65
35 $3,597,261 37
28 3,T92,304 16
52 8,296,428 45
74 1,670,36139
51,731
34,702
122,289
29,945
$17,356,355 37
$17,117,786 48 $238,568 89
To Fixed Charges, including Rentals:
So. Ry. iFt Cons.
Mtge.—
12 mos., $1,381,950,5%
b mos
25,000,5%
$27,639,000
1,000,000
$1,356,950 00
195,000 00, 12 moa
101,660 00, 6 "
E
,
Reorganization Mtge
Memphis Division Ist "
Iv mos.,
1st Mtge
Certifloates of IndebtednessAccount of Memphis Dlv
Aiken Branch
36,6C0 01.6m.7d8.
359,820
168,400
45.425
41,000
20,000
00,
00,
00.
00,
00,
2?, 500 00,
9,000 00,
151,860 00,
99,b75 00,
35,105 00,
110,000 00,
218,610 00,
155,300 00,
638,500 00,
( 0,
60,0(
120,000 00,
311,6f'0 00,
2.^,737 50,
96,000 00,
114,000 00,
66,000 00,
38,000 00,
88,7£0 00,
65,500 00,
242,9' 00,
35,30(1 00,
266,000 00,
20,000 00,
12
12
12
12
12
12
12
12
32
12
12
12
12
12
12
12
12
12
12
12
13
12
12
12
12
12
12
12
297,500 Of>, 12
45,000 CO, 12
102,000 00, 12
4,000 0(1, 12
40,000 00, 12
1,050 00. 12
mos.
"
"
"
"
"
"
&
R.
Account purchase 8. C. & G.
and No. Ala. Securities
Account purchase Car. Mid.
and S. & K. SecurUles
Mtge
D. Ist Cons.
"
Debenture
Eq.
w.
R.
S.
"
F.
o & W. Ist
Y. R. & C. 1st
'•
"
"
2d
"
A. T. & O. 1st
W. N. C. Ist Cons.
C. C. & A. Ist Ext.
"
"
"
"
"
"
"
"
"
"
"
2d
"
"
"
C. & G. Ist
E. T. V. & G. Ist
Ist
Cons.
Cent. Ist
Ala.
'•
•'
"
"
"
"
"
"
"
B
D
E
"
"
"
"
"
"
"
"
F
"
General
C. & R. RR. Rental
North Carolina RR. Rental
"
"
"
& C.
A.
"
Ist
"
"
U.
S.
"
Mtge
Income.
Stock
Organization
"
"
"
A. L. 1st Mtge., Prof
"
& Cist Mtge
Exp
Athens Belt Line Rental
Wilmington & Weldon RR. and Norfolk
Trackage and Real Estate Rental
Georgia Midland Ry. 1st Mtge...
Rich. & Meek. RR. Rental
South Carolina & Ga. RR. Rental
Atlantic & Yadkin Ist Mtge
Mobile & Birmingham RR. Rental
68,275 38, 12
49,500 00, 12
.12 mos.,
1
m. 17
ds..
Im. 13 ds..
12 mos
12 mos.,
12 mos.,
&
00
00
00
00
52,000 00
13,055 55
2,090 27
12 mo8.,
12 mos.,
12 mos.,
500,000. 4i«%
12 mos.,
150.000,6%
12 mos., 2,531,000, 6%
12 moB., 1,997,500, 5%
12 mrs.,
500.000,7%
12 mos.. 2,000,000, 6%
3,12ir,0f 0, 7%
12 mos.,
12 mos
3,106,000, 5%
12 mos., 12,770,000, 5%
12 mos., l.OOO.HOO, 6%
12 mos., 2.000,000, 6%
12 mos., 5,660,000, 6%
12 mos.,
402,000, %
12 mos.,
600,000, 6%
12 mos., 1.900,000, 6%
12 mos., 1,100,000,6%
12 mos.,
950,000, 4%
12 mos.,
1, 77.^^,000, 5%
12 mos.,
1,310,000, 5%
12 mos., 4.859,000, 5%
12 mos.,
12 mos..
5^0,000,4%
12 mos.,
.12 mos.,
4,250,000, 7%
12 mos.,
750,000, 6%
12 mos., 1,700,000, 6%
12 mos..
12 mos., 1,000,000, 4%
12 moB.,
Carolina RR
12 mos.,
12 mos.. 1,650,000, 3%
8 mos..
2 mos.,
3 mos..
1,500,000, 4 %
4 mos..
.'
••
C
'•
12 mos.,
,
"
K. & O. Ist
Ga. Pae. Ist
Eq. 8. F.
Va. Mid. Serial A
"
$1,406,950
225,000
203,320
6,000
5%
5,083,000, 4%
150,000, 4%
6%
6%
5%
5,997,000, 6%
3,368.000, 5%
802,000, 5%
1,025,000, 4%
400,000, 5%
12 mos., $4,500,000,
T.
359,820
168,400
41,683
41,00O
20,000
22,500
OOi
001
331
OOi
(>0
00
9,000 00
151,860 001
99,87.^ 00]
35,000 OOl
120,000 00218,610 001
155,300 CO'
638,500 00
4 0,000 00
120,000 00
339,600 00|
20,740(01
36,000 0'
114,000 00,
66,000 00|
38,000 00
88,750 001
65,50« 001
242.950 00
8^,300 00
266,000 00
20,000 00
197,500 00
45,000 00
102,000 00
4,000 00
40.000 00
}
,050 00
68.915
49,500
8,400
47,083
15,000
26,000
S2
00
00
38
00
00
6,207,252 80
6,862,767 89
To Other Deductions from Income:
2 88
5,539 84, 12 mos.
3,873 77, 12 "
5,436 15, 12 '•
$21,982 62
1,500 93
Miscellaneous Interest and Commissions
R. &M. RR. Traffic Contract
$57.0."=
"
I
668 77
I
Net
"
Net Earnings
Deficit B. C. & R. Steamboat
Co
Miscellaneous
544 68
,
24,028 23
2,094,519 48
72,571 41
1,007,013 09 Balance Carried to Credit of Profit and Loss for the Year.
'
J
$25,682,155 88
$21,444,216 83
Includes operating expenses and taxes of— South Carolina & Georgia and Augusta Southern railroads, May 1 to June 30; Mobile & Birmingham RR., March 1 to June 30; Car. Midland and Selvern & Knoxville RRs., May 21 to June 30; Atlantic & Yadkin Ry., June 1 to June 30.
The profits from operation of the Baltimore Chesapeake & Richmond Steamboat Co. for the year 1899 were not transferred to the Southern
Ry. Co., but were reserved in the Treasury of the Steamboat Co.
ORFDIT.
1898.
1899.
Lines
Exchisive of
Lines Added
Added Dur-
During Year.
ing Year.
*
By Gross Earnings
$5,394,518 05
13,679,164 16
1,209,294 33
44.'s,032 51
367,829 70
Passenger
$6,980,554
15,901,845
1,250,802
500,395
395,391
Freight
Mail
Express
Miscellaneous
44
41
53
86
92
$25,02?,990 16
$21,095,838 75
$102,698 70 $7,083,2.'i3 14
197,447 87 16,099,293 28
'
10,619 0* 1,261,421 57
505,469 11
5,073 25
404,24* 97
8,857 05
$25,353,686 07
$324,695 91
By Income from
Investments:
& Lenoir Bonds
Dividends on Alabama Great Southern Stock
Dividends on Norfolk & Carolina Stock
Dividends on Georgia Southern & Florida Stock.
Interest on U. S. Government Bonds
Interest on Atlantic & Yadkin Ry. Bonds
Interest on Northern Alabama Ry. Bonds
Miscellaneous
00
97,282 52
15,000 00
28,630 00
Interest on Chester
$6,12.=>
,
2,443 77
149,48129
By Miscellaneous
Incosie
$6,125
97.298
54,164
32,620
2.550
8.166
7,050
1,944
00
62
50
0(1
00
67
41
80
209,920 00
from Other Sources:
26,104 42
Net Income from Compreshes and Other Property
Earnings from Shepherd's Ferry, Alexandria, Va
Net amount received In adjustment of earnings of Atlantic & Yadkin
Ry. accruing prior to date of purchase and delivery of the property.
Net Income K. C. G. & L. Ry. Co
47,286 66
(The results of the operation of this property for /.Jw are included
above in the Gross Earn, and Oper. Expenses of the System.)
Cash received from Receivers of Memiihis & Charleston RR. for account of Interest accrued prior to March 1. 1898. on securities issued
by Southern Ry. Co. for the purchase of Memphis & Charleston RE...
$118,506,33
7,999 38
$100,055 191
4,283 39i
14,211 23
198,896 79
118,549 81
$21,444,216 83
$25,682,155 88
Includes Gross Earnings of— South Carolina <fe Ga RR., May 1 to Juue 30 Atlantic A- Yadkin Ry., June 1 to June 30; Mobile
RR., March 1 to June 30; Carolina Midland and Seivern & Knoxville railroads. May 21 to June 30.
;
& Birmingham
August
VABLE
THE CHRONICLE.
19, 1899.]
3.—PROFIT
ANO LOSS ACCOUNT FOR YEAR ENDED
JUNE 30, 1899.
$1,454,951 72
Balance at credit of this account June 30,1898
Credits
Credltbal. of income acc't for year ended June 30, 1899. 2,091,519 48
Net credit resulting from final settlement of this Company's claim against the Bait. & O. RR. Co. and its
Keceivers on account of the abrogation of that Com16,116 15
pany's lease of the Harrisonburg Branch
$3,565,587 35
Debits:
Dividend No. 3 on Preferred Stock, 1%
$572,90400
paid on Jan. 20, 1899
Amount reserved for Dividend No. 4 on
Preferred Stock, 1%, payable in Oot.,'99. 600,000 00
26,119 47
Miscellaneous Debits
1,199.023 47
$2,366,563 88
Credit Balance carried forward June 30, 1899
TABLIi: 4.— FUNDED DEBT JUNE 30, 1899.
Amount Outstanding.
Interest.
Principal
Olaeses of Bonds.
Due. Due.
Southern Ry.:
1st Consol Mort
1994
"East Tenn." Reorg. M.. 1938
Memphis Div. 1st IVf ort. 1996
Memphis Div. Jd Mort.
(Owned by Ho Ry. Co 1996
Aiheo Branch Ist Mort.. 1998
-
M-
A
-
5
J
-
4
1915 J 1927 A
Gold
Debenture Mortgage
(Jonsol. Mort.
6
1st
Mortgage
1924
Chesapeake
l.~t Mortgage
2d Mortgage
RR
1st
150,000
150,000
-
6
2,531,000
2,531,000
1909 J 1902 A-
5
7
1,997,500
1,997,500
500,000
500,000
2,000,000
2,000,000
1916
1900 J 1930 J Consolidated Mortgage.. 1956 M-
7
1st
Mortgage
3,123,000 3,123,000
3,106.000 3,106,000
12,770,000 12,770,000
5
5
Alabama Central RR.:
1918 J - J
Ist
Mortgage
1922 J
1st
Mortgage
Spartanb. Un.
1
St
Var.
& Col,
Mortgage
1935 J
-
6
1911 M-
6
5
600,000
1,900,000
1,100,000
950,000
1,775,000
1,310,000
4,859,000
600,000
1,900,000
1,100,000
950,000
1,775,000
1,310,000
4,859,000
6
340,800
C*"" 1916
"
*t
tt
tt
1921
J)
M
M
6
4
5
1926 M1931 tf-
5
1936 M-
Charlottesville <fe Rapldan BR. 1st Mort
1913 J
Yadkin Ry.:
-
&
.'
1949 A-
4
103,932,300 101236000
5.— SECURITIES OF LEASEHOLD ESTATES.
Interest
cipal
Due. Due. Rate.
P. Ot.
M-
Stock
North Carolina RR.:
Stock
Georgia Midland Ry.:
1st Mortgi-ge Bonds
So. Carolina & Georgia RR.:
1st Mortgage Bonds
Augusta Southern RR.:
1 .St Mortgage Bonds
,
&
Birmingham RR.:
Prior Lien Bonds
Ist Mortgage Bonds
Preferred Stock
Richm. & Mecklenburg RR.:
Ist Mortgage Bonds
June
S
30,
June
30,
1899.
18»8.
$
4
7
4,250,'
6
6
00
750,000
$
500,000
4,250,000
750,000
1,700,000
1,700,000
500,000
7,200,0001 7,200.000
J - J
4,000,000
4,000,000
1,650,000
A-O
11919 M-N
3
l,650,C0O
5
5,250,000
-D
5
400,000
1945 J - J
1915 J - J
J -D
5
600,000
4
1,200,000
1946
1924 J
& Yadkin
$65,5C0 00
Ry. Co
1,000,000 00
1,047,981 83
66,700 00
Ashevllle* Spartanburg RR. Co
Augusta & Summervllle RR. Co
400 00
Cincinnati New Orleans & Texas Pacific Ry. Co
Central Railway Transfer & Storage Co
40,000 00
Danville & Western Ry. Co
368,600 00
Danville MocksvlUe & Southwestern KR. Co
50,200 00
Elberton Air Line Ry. Co
89,860 00
Georgia Midland Ry. Co
1,000.000 00
Hartwell Rv. Co
20,000 00
High Point Randleman Asheboro & Southern RB. Co...
212,500 00
Knoxville & Ohio RR. Co
6,000 00
75 00
Lawrenceville Branch RR. Co
Mobile & Birmingham RR. Co.-Common
866,700 00
North Carolina Midland RR. Co
787,600 00
Northern Alabama Ry Co
58,600 00
Richmond A' Mecklenburg RR. Co
300,000 00
South Carolina & Georgia RR. Co
320,300 00
Southern Ry. Co., In Kentucky
1,800 00
State University RR. Co
16,800 00
Spartanburg Union & Columbia RR. Co
1,000,000 00
Yadkin RR. Co
462,750 00
,
$7,782,356 83
Total Stock
Other
Securities.
$1,750
100,00
25,500
16,600
25,000
32,333
S'ock
Machine Works
Machine Works
1st Mtge.
6% Bonds
•
Stock
Stock
Stock
1948
M-N
308,000
-21.508,000 12,850,000
IstMtge. 5%
IstMtge. 6%
1st Mtge.
IstMtge.
4%
6%
$8,604,040 16
Book valuation, as per Balance Sheet
The
$955,808 34
Louis Breweries, Limited.
("Report for the year ending Sept. SO, 1898.
Directors' report is cited as follows
:
The sales
of beer for the year were 669,986 barrels, showing a decrease durqgihe past year of 5.563 barrels, as compared with the correspoadlng twelve
months to September, 1897. in which year there was a d»orease of 43,377 barters. This decrease had beeu incurred almost entirely in the last four months,
»s up to the end of May the sales showed ao increase of 10,739 barrels. The
decreaie mu;t be prinoipally attributed to the smaller consumption of beer
consequent on the Increased price necessitated by the Imposition of the war
tax of tl per barrel, rtie new opposition brewery referred to in thelat»lrw«
reports has affected the sales very sligtitly, though the competition has naturally somewhat increased selling expenses.
The
results for three year* past
compare as follows
:
report of ENGLISH COMPANT.
1897-98.
1896-97.
18»5-96.
£104,460
Beeeipts—
Dividends received
Dsductions —
£130,575
£135,7»i
Bspenses (less credits)
*,1S2
2,739
8,907
Dividend on preferrel stock.. (8%) 72,000 (8%) 72,000 (8^)7^,000
Dividends on common stock... (4%) 36,000 (6%) 54,000 (6%) 54,000
Balance, surplus, for year.
def.
£1,893
£6,279
Dismantlement, etc
Interest on bonds
Dividend to English Co
1897-8
$1,038,410
143,994
46,423
abt. 297,696
508,862
Balanee for year
sur.
Net profits
Railroad Bonds.
Par Value.
Alabama Central RR. Co
Income Bonds and Scrip $1,355,275 00
Danville & Western Ry. Co
1st Mtge. 5%
1,051,00000
Elberton Air Line RR. Co
Ist Mtge. 7%
150,000 00
High Point R A. & So. RR. Co
Mtge. 6%
402,000 00
1st
No. Carolina Midland RR. Co
801,000 00
1st Mtge. 6%
Piedmont RR. Co
50 ),000 00
IstMtge. 6%
Piedmont RR. Co
2d Mtge. 6%
500,000 00
80. Ry. Co. In Kentucky
1st Mtge. 5%
3,000,000 00
Western North Carolina RR. Co
Washington Ohio & Western RR. Co
Yadkin RR. Co
Total Bonds, Stocks and Other Securities
£6,891
REPORT OF AJIERICAN COMPANT.
OWNED BY SOUTH
ERN RAILWAY CO. AND BY IT PLEDGED UNDER
ITS FIRST CON.SOLIDATED MORl'GAGE
DEED-JUNE 30, 1899.
June 30, I^QQ.
So. Ry. Co. in Mississippi
$201,183 33
Total other Securities
St.
00
00
00
00
00
33
KoTa.—Addina previous surplus there remained Sept. 80. 1898, t» carry forward, a surplus of £7.492. The amounts to be carried forward in England and
America to;retber amount to £1'<.120. The company's caoitalizatlon is: Coramon stock. £900,000. preferred, 8 p. c. cumulative. £^00,000. The $4,961,000 of
•utstandlng 6 oer cent bonds are obligations of the American company, which
provides for their coupons.
6.— STATEMENT OF SECURITIES
Total Bonds
$620,500 00
Total Bonds.:
900,000
Total, as per Balance Sheet
TABLE
Amoinit Outstanding.
Charl'te Air L. Ry.
Mortgage Pref. Bonds.. 1907 A-O
Mortgage Bonds
1907 J - J
Income Mortgage Bonds
1900 A-O
l8t
Ist
Mivbile
HartwellRR. Co
Lawrenceville Branch RR. Co
1,500,000
B alance S heet
Prin-
&
Blue Ridge RR. Co
Franklin & Pittsylvania RR. Co
854,500
<f
n
Atlanta
June 30, 1899.
Par value.
Mtge. Loan 7% $496,000 00
IstMtge. 5%
74,500 00
IstMtge. S'/o
20,000 00
IstMtge. 7%
30,000 00
Railroad Bonds.
Miscellaneous
«
n
TABLE
7.— STATEMENT OF "SECURITIES IN TREASURY
UNPLEDGED," HELD FOR CONTROL OR AS
MUNIMENTS OF TITLE, ETC., JUNE 30, 1899.
Southwestern Construction Co
South Atlantic Export Co
6
<«
Mortgage
TABLE
2,000,000
2,000,000
1906 M-
i«
Total as per
$18,994,825 00
.$13,433,214 06
Book Valuation, as per Balance Sheet
Sheffield
Sheffield
1,000,000
-Q
Atlantic
Total Bonds, Stocks and Other Securities
East Tennessee Telegraph Co
1,000,000
(<
"F**"**
$iOO,000 00
Total other Securities
5,660,000
477,000
4
*«
-pi
$250,000 00
250,000 00
Rich. Steamboat Co.. Certs, of Indebt.
"
"
" ..Capital Stock....
5,660,000
402,000
6
5
-
it
n
tt
n
General Mortgage
Other Securities.
&
Bait. Ches'ke
"
"
1,000,000
RR.:
Virginia Midland Ry.:
Serial Mort., Series A
1st
-
F-
1925 J
$8,374,550 00
1,000,000
Georgia Pacific Ry.:
Equip. Sinking Fund M.
Knoxville & Ohio RR.:
Total Stocks
Atlantic
6
1st Extended Mort
2d Mortgage
Colambia &. Greeuv. RR.:
1st Mortgage
East Tenn. Va. & Ga. Ry.:
1st Mortgage
Ist Mortgage
998,200 00
5.997,000
3,368,0
896,000
1,025.000 1,025,000
A
1,111,300 00
Railroad Stocks.
Alabama Great Southern Ry. Co., Ltd— Class "B"
400,000
500,000
1913
"A" $l,725,r00 00
"B" 4,540,050 00
Knoxville & Ohio RR. Co
Southern Ry. Co. in Kentucky
1,500,C«0
400,000
500,000
Mortgage
Class
Class
"
30,
5
4ia
West. No. Carolina RR.
Ist Consolidated Mort.... 1914 J
Charlotte Col. d- Aug. RB.:
"
"
1896.
:
Atlantic Tenn. &OhloRR.:
"
5,997,000
3,368,000
802,000
F-A
1910 J 1910 M-
Railroad Stocks.
So. Ry. Co., Limited
Alabama Great
1,500,000
150,000
5
5
Equip. Sinking Fund M.. Var. MWasu. Ohio & West RR.:
Richmond York River &
June
$
5
30,0^3,000 28,804,000
5
4,500,« 00 4,500,000
4-412-5
5,083,000 5,083,000
-
& Danville RR.:
30,
1899.
$
J
)
Richmond
J
June
Rate.
P. Ct.
395
200,<t00 00
1,325,000 00
221,' 00 00
615,000 O'J
$10,120,275 00
(less repairs)
Depreolaiion
Sales of beer in
1,000 barrels.
—The
\
i
1890 '91
814 842
$41,435
1896-7
$1,117,699
153,012
53,586
297,698
636,078
def.
22,707
1895-6
$1,29»,916
175,180
111,207
297,696
6«1,521
sur.
54.312
'92
'93
'94
'95
'96
'97
'»8
798
784 695
687
719
«75
670
Central National Bank, whose card appears regu-
larly on the first page of the Chronicle, is a representative
institution in the mercantile section of the down-town business part of
York. It offers particularly to this line of
New
trade superior facilities for collecting exchange on other
cities, and solicits business in that line, as well as banking
business in general from mercantile firms, individuals, banks
and corporations. The Central is particularly well located
for houses situated in or near the dry-goods district.
THE CHRONICLE.
396
[Vol. LXIX.
COTTON. August
Fbiday Night,
18
1899.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week endirg
Friday Night, August
18,
Healthy conditions have continued to be experienced
evening the total receipts have reached 15,00G bales,
agamst 8,065 bales last week and 7,031 bales the previous
tills
18ii9.
in
week, making the total receipts since the 1st of Sept., 1898,
In anticipation of a
8,420,217 bales, against 8,628,198 bales for the same period of
good fall and winter trade buyers are beginning to open
showing a decrease since Sept.l, 1898, of 207,981 bales.
active negotiations for supplies, and fair gales are being 1897-3.
Receipts at—
M07l.
Total.
Sat.
Tuet.
Wed. Thurt.
Fri.
made at full values. This increased demand has been
especially pronounced in the leather trade, and reports from
Galveston
113
654 2,353 1,817
6,671
280 1,454
the hardware trade and dry goods circles have been of a deTex. City, &o
cidedly encouraging rature. Crop prospects, in the main,
443
284 1,326
643
3,734
599
439
have continued favorable, although threshing returns from New Orleans.
20
203
Mobile
5
142
30
3
3
the Northwest have been barely up to expectations. The
1,575
1,575
export demand for the coarser graits has continued active, Pensacola, &o.
140
407
19
32
19
109
88
and wheat has had a better sale; crop accounts from Russia eiavannah
Brunsw'k,<S!C
and India have been less favorable. The Dreyfus court
24
1
5
5
9
2
7
martial and the political situation in France have re- Charleston....
Pt. Royal, &o
ceived considerable attention the past week, as has also the
1
1
political situation in the Transvaal.
An order has been Wilmington...
Wash'ton.&o
issued by the War Department directing that ten additional
107
44
11
28
Norfolk
9
6
9
regiments be organized for service in the Philippines.
Lard on the spot has had only a small sale, as exporters N'p't News, Ac
have been slow buyers and the demand from refiners has New York
.•>>
382
46
31
been light. There has been, however, no pronounced pressure Boston
47
81
177
1,803
to sell and values have held fairly steady, closing at 5-55c. Baltimore...
1,803
99
for prime Western, and 5'20c. for prime City. Refined lard Phlladel'a, &o.
46
53
has continued quiet, but prices have been fairly well mainTot. this week
478 2,354 3,253 2,505 1,026 5,390 15,006
tained, closing steady at 5'^Oc. for refined for the Continent.
Speculation in lard for future delivery has been quiet. Early
The following shows the week's total receipts,the total sin (
in the week prices weakened slightly, under selling by pack- Sept, 1, 1898, and the stock to-night, compared with last year.
ers, but closed steadier on smaller receipts of swine.
Stock.
1898-99.
1897-98.
DAILY CLOSING PRICES OF LARD FUTURES.
Receipts to
This Since Sep.
This Since Sep.
Sat.
Mon.
Tues.
Wed. Thurt.
FH.
1899.
1898.
Aug. 18
week.
week.
1, 1898.
1, 1897.
5-55
5-55
August
5-1
5-55
5*50
550
Pork has been in moderately active demand, and prices Galveston.
16,336
17,761
6,671 2,306,439
2,958 1,914,801
have held steady, closing at |8 75@9 50 for mess, $11@11 75
76,370
Tex. C.,&c
98,068
for family and $10ca 11 75 for short clear. Cut meats have New Orleanf
69,222
129,760
3.734 2,213,685
3,442 2,684,054
sold slowly, and the tendency of prices has been in bayers' Mobile
5,6&7
2,882
203 250,226
137 363,061
favor, closing quiet at 5^^4@6c. for pickled shouloers, 10@ P'sacola.&o.
245,152
1,575
*>>>•
118,433
lO^c. for pickled hams and 6@7c. for pickl d bellies, 14@10 Savannah..
8,244
10,654
407 1,086,838
390 1,188,470
lbs. average.
Beef has been quiet, but values have held to Br'wlok.&o
274,429
269,720
a steady basis, doing at $9 for mess, $9 50@10 00 for packet, Charleston.
5,311
3,729
24 371,213
352 471,441
$10 00@10 50 for family and $13 50@14 00 for extra India mess
23,424
75,877
P.Royal.&c
in tcp. Tallow has had only a limited sale, but values have
5.947
9,174
1
291.694
10 323,713
Wilmington
held steady at 4f8C' for prime City. Lard stearine has been
1,351
1,280
.....
Wash'n, Ac
dull at 6i^(a6?^c. Oleo-stearine has been quiet and easy,
21,066
6,523
107 686,337
832 586,948
closing at 7c. Cotton-seed oil has been quiet, and prices Norfolk....
practically all lines of merchandise.
have weakened
prime
Butter has advanced. The close, however, was
quiet, as the higher prices checked the demand, closing at
17@21c. for creamery. Cheese has been in only moderate
supply, and prices have advanced slightly, closing at SjglOc.
for State factory, full cream. Fresh eggs have further advanced. At the close, however, receipts were increasing,
and there was less tone to values, closing at 16)^0. for choice
Western.
Brazil grades of coffee have had only a small sale, as
buyers have been indifferent, but as there has been no
pressure to sell, values have held to a steady basis, closing at
5^c. for Rio No. 7. The crop movement has continued
fairly heavy, and supplies in sight are large.
West Icdia
growths have had a limited sale at unchanged prices, closing
steady at l%c.@8l4c. for good Cucuta. East India growths
have been dull and unchanged. Speculation in the market
for contracts has been quiet, and as neither buyers nor sellers
have been aggressive, changes in prices have been unimslightly, closing
at
26@:it)i^c.
for
yellow.
portant.
Following are the
Aug
4400.
I
Nov
final
asking prices
4-50C. March
:
510c.
Dec
4-90o. May
5-20c.
Oct
5-300.
Jan
4-95c. July
Raw sugars have been quiet and in sympathy with easier
foreign advices prices have weakened slightly. The close,
Sept
4-400.
4-500.
I
however, was firmer at 4 9- 6j. for centrifugals 96 deg. test
and 4c. for muscovado, 89 deg. test. Refined sugar has been
demand and firm, closing at SJ^c. for granuhave been fairly active, and higner for pepper.
Teas have been steady.
Kentucky tobacco has had only a limited sale, but values
have held to a steady basis. Seed-leaf tobacco has been in
good demand and firm. Sales for the week about 3,500 Cc-ses.
Only a limited volume of business has been transacted in
the market for Straits tin, buyers keeping their purchases
clo?e to immediate wants. Foreign advices have been easier
and prices have weakened sightly, closing at 30'75@31c. Ingot copper has continued in tairly brisk demand and values
have been well maintained, closing firm at 183^^c. for Lalie.
Lead has had only a limited sale and prices have weakened
slightly, closing at 4"573^(g4-60c. Spelter has been quiet and
Pig iron has been in active demand
easier, closing at 5-65c.
and higher, closing at $17 50@22.
Refined petroleum has been steady, closing at 7 80c. in
bbls., 5'30c. in bulk and 9 05c. in cases.
Napbtha steady at
10c.
Crude certificates have been steady; credit balances
have been unchanged at $1 27. Spirits turpentine has fur-
in fairly active
lated.
l^pices
ther advanced, but the close was quiet at 52@.52i^c. Rosins
have been in limited demand and steady at !?1 30 for common and good strained. Hops have had only a very moder
ate sale but va'ues have held fbiily steady.
Wool has been
firmly held, but demand has been less active.
34,724
120,487
316,988
68,398
52,462
N'portN.,<Si(
New York.
Boston
Baltimore
144,048
4,300
4,380
6,558
66,880
5,000
6,244
11,379
8,872 8,628,198 358,7C9
bales added as correction of receipts at
Savannah
382
1.80a
.
25,602
121,201
224,573
76,4', 8
84,478
99
Phlladel.&o.
470
15
266
202,386
15.C 06 8,420,217
Totals
Note.— 4,959
since Sept.
1.
In order that comparison may be made with other yearp,
wegive below the totals at leading ports for six seasons.
Receipts at-
1898.
1899.
15,087
10,657
6,671
3,734
2,958
3,442
5,849
11,463
203
407
24
37
340
107
137
390
352
10
832
N. News, Ac
All others..
3,859
wk
15,C06
Galves'n,&c
New
Orleans-
Mobile
Savannah..
Ohas'ton, &o.
Wllm'ton, Ac
Norfolk
Tot. this
1895.
1896.
1897.
518
751
17
271
37
965
8,872
1
7.031
2,300
181
701
127
341
19,060
36,961
81
716
665
30
579
41
1894.
6,484
5,473
569
93
637
40
14
801
26
554
2,715
14,122
15
100
Stnoe Sept. 1 8420,217 8628,198 6712,960 5269.199 7872.291 5945
910
The exports for the week ending this evening reach a total
of 24,167 bales, of which 11,547 were to Great Britain, 321
Below
to France and 12,299 to the rest of the Continent.
are the exports for the week and since Sept. 1, 1898.
ifeek Endint Aun 18. 1899. Prom Sept. 1, 1898, to Awj IS. 1899.
from—
Exported to—
Export td to—
Mxportt
Great
Conti- 2otol
Great
France
Byance
Brtfn.
nent. Week. Britain.
QaWeston...
Tex. City, 4c.
New Orleani
Mobile
3.282
Pensacola..
Savannah...
1.576
Bmnswlck
....
Charleston..
Port Royal.
Wllmlnt'ton.
...
1,165
6,177
3,282 1,050,283 398,416
18,685
843,251 320,921
7,332
138,120
3.U2
4,i;3
99,100
61,766
166,284
78,930
21,210
118,002
49,998
25.£98
311,033
1,575
.
.
,,
....
...
.
Norfolk..
N'port N., &c
New York.
UO
321
Boston
1,684
1^)9
2,123
3,111
1,932
5.0i3
129,812
....
33,093
3fr7,317
Baltimore.
rhlladeipbla.
16,149
32,-216
U,243
639
San Fran., &c..
Total
Total, 1897-98.
639
11,068
1.055
Oonti.
nent.
lotal.
649,249 1,997.918
13.625
32,310
743,689 1,907,864
29.274
167,394
114,740 229,-289
541,575
885,557
86,118 :W1,402
157,210
836,140
....
81.810
142.567
860,669
80.799
80,797
9.956
36.651
298,610
642,768
7.070
404,387
2&8,418
127.575
14,248
..
137,438
151,500
. .
n,E47
821
12,239
21,167 3.527,001 800,850 2.989,521 7,317.875
9.387
?84
14,977
24,6H8 3.501.041 ai3.f44 .S.r4 2l3 7.488.F0S
a
«
August
»
.
.
.
THE CHRONICLE
19, 1899.]
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
add similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by Messrs.
Lunbertft Barrows. Produce Exchange Buildine.
FuTtTHES.
— rhe
g
C^
<-
and closing prices
in the following table.
lowest
highest,
New York are shown
Futures at
We
397
h,
March—
Closing Range
Range
Closing
Closing
Range
JANDART—
February—
A.UGOST—
Closing
OloHing Range
Range
December—
3» a»
OM SHIPBOABI} NOT CLEARED FOR—
,
Aug. 18
New
Other
Britain. France. Foreign
05.
Range
October—
ClosingRange
Closing Range
Sbptbhbbr—
200
None.
5,111
5,697
700
None.
None.
7,500
3.150
2,600
140,8S8
21,812
10,308
6,251
22,448
326.261
5,232
None.
None.
None.
None.
None.
50
None.
776
4,666
New York
1,223
."00
Other ports
Total 1899...
414
637
None.
200
None.
None.
1.173
1.900
Charleston
Mobile
Norfolk
Total.
122,175
16.348
10,654
766
None.
None.
None.
None.
1,500
Savannah
None.
None.
None.
7,585
1,413
5.000
1,000
2,«00
02 0j
03 *k
1
Total 1898.
Total 1897...
None.
501
10,001
1,322
.
5,809
1.702
486
Strict Middling
Stained
Middling Stained
Sieoflf Strict Low Mid. Stained...
^leoff Low Middling Stained
'sa ofl
'is oA
ofl
1
Low Middling
Middling
l%ofl
Strict GK)0d Ordinarv
%off
On this basis the official prices for a few of the grades for
Che past week Aug. 12 to Aug. 18 would be as follows.
Low
—
—
UPI^ANDS.
raon Taeit l»ed Tb. Fri
Sat.
Good Ordinary.
I
5"l6
55,
61,
Low Middling..
5i6]e
Middling
638
<3k)0d Middling.
6%
738
Middling Fair..,
GULF.
7S,«
63 18
Midditog
6%
6B8
OoodMIddling.
71s
75p
7
Middling Fair..
STAINED.
Sat.
63,«
69 16
71 p
51s
5%
63irt
69i«
7l,«
69iu
71.6
Tli.
Fri.
5ifl
Siiie
6°ie
Middling..
5ie
5%
Mod Tne« Wed
Sat.
Oood Ordinary.
5i«
5\
514
5'8
65ia
6111,
714
536
838
533
eifl
6
6
6
67,.
67,6
7*,
6l3i8
7B,e
69i(i
6i5ie
77,,
712
Iflon
613i6
75,p
Tues "Wed
^
5ifl
5
4l5j8
Middling
Strict Middling
Oood Middling Tinsred.
6I16
6»3.
61^
5i5ie
6os2
s'^s
Tli.
5%
6 '32
53130
fiSg
65,
Fri
4i3ie
4i3ie
5%
531 ,.
63 18
63,/
413; 6
5^
53I32
6^13
middling upland at New York on
Aug. 18 for each of the past 32 years have been as follows.
63x4
5'.j
3
87ie
79,8
7
75j«
73i8
for
1891
....0. 715,0
1890
1889
1115x8
1138
im
1888
1887
1886
1885
1884
911,6
93,e
1038
lO's
1883. ...0.103,8
1882
131,6
1881
I214
1158
1880
1158
1879
12
1878
Ilia
1877
1236
1876
MARKET AND
Spot Market
Closed.
Market
Closed.
Saturday.. Quiet
Steady
Monday.- Quiet at i^ dec. B'rly steady.
Tuesday ...tvuiei at iiedec. Steady
Wednesday Quiet at ^ dec Easy
Thursday.. Quiet
Hteady
Friday
|Qulei
Steady
. .
1875. ...0.1438
16'8
1874
1873
1872
1871
1870
1869
1868
19^-j
2134
18%
191-2
34
30
SALES.
Futures
Sales of Spot
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The V isiBLE bUPPLY OF COTTON to-night, as made up by
cable and telegraph, is as follows. Continental stocks, as well
as those for Great Britain and the afloat, are this week's returns, and consequently all European figures are brought down
to Thursday evening.
But to make the total the complete
figures for to-night (Aug. 18), we add the item of exports from
the United States, including in it the exports of Friday only.
1899
1897
1896
1898
Stock at Liverpool
bales. 970.000
843,000 572,000 549,000
Stock at London
9,000
5,000
10,000
5,000
_
Total Great Britain stock." 979,000
848,000 577,000 o5a,000
Stock at Hamburg
2i>,000
32,000
24,000
31,000
Stock at Bremen
200,009 177,000
91,000
104,000
Stock at Amsterdam
3.000
1,000
1,000
7,000
Stock at Rotterdam
200
1^00
200
300
Stock at Antwerp
4,000
6,000
3,000
7,000
Stock at Havre
172,000 158,000 103,000
160,000
Stock at Marseilles
4,000
6,000
5,000
6,000
Stock at Barcelona
87,000
57,000
60,000
61,000
Stock at Genoa
V8,000
36,000
36,000
39,000
Stock at Trieste
25,000
19.000
17,000
38,000
Total Continental stocks
565,200 470,300 339,200 453,200
Tetal European stocks -.1,54-1,200 1,31>',300
916,200 1,012,200
India ootton afloat for Europe
39,000
41 ,000
23,000
29,000
Amer. cotton afloat for E'rope.
6' ,000
17,000
68,000
49,000
Egypt,BrazU,&o.,aflt.forE'pe
17,000
18,000
22,000
6,000
Stock In United States ports.
79,640 154. S75
338,709 202,386
Stock in U. S. interior towns.
3a,284
225,769 108.858
89,793
United States exports to-day..
7,206
2,140
172
866
Total visible supply
2,25i<,834 1,767,634 1,'j94,296 1,341,834
Of the above, totals of American and other descriptions are as follows:
American—
Low Middling
The quotations
OSOJ
7®
©© a© ©© ©© ©© <7>V WW
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Strict
cnw
OiOS
»3C0
;
^on
S
03 05
to to
1
183.976
7S.629
Soeculation in cotton for fnture delivery has been fairly
but the tendency of prices during the week has been
towards a lower basis. An estimate that the yield of the
present crop would be an unprecedentedly large one had a
depressing influence, particularly upon the foreign markets,
and also has had a tendency to check the demand from Manchester spinners for actual cotton. The drought in the Southwest was broken by rains still, at the close it was claimed
that the rainfall was not sufficiently heavy to effectually
break the drought. There also has been some talk to the
effect that the demand for cotton goods was waning, it
being claimed that the export demand from the Far
off.
As a result of the developEast is falling
ments above cited, recent buyers have been sellers to
liquidate their accounts, and there also has been moderate
Thursday afterselling for foreign and Southern account.
noon, however, there developed a steadier tone, and some recovery in prices followed on buying, principally by shorts to
cover contracts, stimulated by the receipt of numerous advices from the South reporting damage to the crop by shedding and rust, and also that the rains in Texas had been insufficient to fully break the drought.
Today there was an
unsettled market. The opening was higher on stronger foreign advices and continued dry weather; then came a reaction under the receipt of private advices from Texas say
ing that indications were favorable for rain within the next
few days. Subsequently, however, the market again turned
stronger on buying by local operators, and the close was
steady, with prices 2 to 3 points higher for the day. Cotton
on the spot has been easier; prices declined }^c. on Monday,
To day the
l-16c. on Tuesday and i^c. on Wednesday.
market was steady, closing at 6 3 16c. for middling uplands.
The rates on and off middling, as established Nov. 16, 189S,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
.......o. l^^on Good Ordinary
Fair
o-l^s ofl
Middling Fair
Even
''son Good Middling Tinged
Good Middling
Good Middling
1
a>a>
«0(33
active,
Strict
©
1
13,5Gt)
18,410
4.011
2,600
d
MU
03 01
1
Total.
0>0>
Closing
NOVKMBBR—
Pal
Btock
Ooattwise.
ereat
Orlejuns...
1899. ...0.
1898
1897
1896
1895
1894
1893
1892
Doi
Leavin,
at
Galveston
Low
Of
Oon-
&
Contract)
OonI
suinp.i tract.
.
Total.
30
....
75|
200
30
275
1,600
1,60«>
600
1,085
4851
450
450
1. '*•'>'
2,l''0
3.440
Liverpool stock
Oontineatal stocks
bales.
American afloat for Europe.
United States stock
United States interior stocks.
United States exports to-day..
.
892,000
494,000
68,000
35"<,70iJ
225,769
7,206
761,000
409,000
67,000
202 386
103.858
2,140
458,000 419,000
260,000 335,000
17,000
49,000
79,640 154,«75
36,234
89,793
172
866
851,0^6 l,04s,634
Total American
2,045,tt»4 I,5o0,a84
East Indian, Brazil, <tc.—
Liverpool stock
78.000
82,000
114,000 130,000
Londonstock
.'^,000
9,000
5,000
10,000
Continental stocks
79.V00 118,200
71,200
61.300
India afloat for Europe
39,000
41,000
23,000
29,000
Egypt, Brazil, Ac, afloat.
l«,000
1^.000
22.000
6,000
Total East India, Ac
214.200 2O7,s00 243,200 2d3,'^00
Total American
2,045,684 1,550.384 851,096 1,048,634
Total visible supply
2,259.884 1,757, •>&4 l,09i,29ti 1,341,834
Middling Upland, Liverpool..
4»32(1.
42.32d.
37, gd
338d.
Middling Upland. New York.
ft»80.
6 <i , c.
5'ac.
7''fiC.
Egypt Good Brown, Liverpool
5isd.
5»6d.
438d.
65, ed.
Peruv. Rough Good, Liverpool
6 tied.
(J^d.
e^sd.
GHA.
Broach Fine, Liverpool
41S32d.
Sigd.
4l,ftd.
3>ad.
Tinnevelly Good, Liverpool...
3i4d.
4Hd.
4l33id.
33,fid.
[^
The imports into Continental porta the past week have
been 34,000 bales.
The above figures indicate an increase in the cotton in
sight to-night of 502,200 bales as compared with the same
date of 1898, a gain of 1,165,5S? bales over the corresponding
date of 1897 and an excess of 918 050 bales over 1896.
—
i
.
. .
THE CHRONICLK
3^8
—
—
At the Interior Towns
Quotations for Middling Cotton at Other Markets.
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
the movement that is the receipts
since September 1, the shipmente for the
week and the stocks to-night, and the same items for the
corresponding period of 1897-98— is set out in detail below.
or the
week and
OLOSINO QDOTATION8 FOB MIDDLING OOTTON
Week ending
Aug. 18
a
5 '8
(^
2
r
57;"
Wilmington.
Norfolk
Boston
Baltimore .
Philadelphia
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at
•
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;
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cHh-;
ts(o
1
CO
«>
*k
;
00
05
•
,
;
^
w
05-
coco
tOtOMt300^05l(^aoa3aOCCUit~3
33
V
05
M
a
©
CO
^
to
I
_f-
or 01 (0 «<
00
;
;
50
wwMX
JO ^S to to 'Xl to 00 1^ 00
_to_05_-g <i 03
<i CO
CB
w
uioowa3»'pf^'iu"cclo
W
hCJi
MM
;
1
•
CO;
CD'
to;
to-
to
;
JO
;
ifrCJi05
©©toaDWi^~q*»©»w>-©-
I
'"';
;
•
;
•
'^ tOKoVl;
OoeOOSOOto;
»J|^.M(C»0'
•
1
6
Colnmbus.Mlss
Eufaula
e^e
5^,8
11
1899.
84,763
16,615
jdm
©
o*totoil^05
i^«q!OICnMCOiP.(C.-»OC5rf^COC»<I*>©--H'W03
0'.
*-'tO(>oooc
cbI^ 05 cb en
ifc
6
Little Rook....
5ia
Montgomery...
i-jg?.
1898.
week.
August 18.
Week.
1.
»
'
S*
i"
Total cross overland
Deduct thipmenti—
Overland to N. Y., Boston,
Between Interior towns.
Inland. &o f rom Sonth
—
1,214
545
"922
48
1,146
9*4.555
408,109
42",967
211.372
179,872
241,333
3.875 2.028,208
Ac.
2,284
558,335
....
....
497
852
.'.1,429
Total to be deducted..........
3,633
Leaving
total net overland*.
Week.
1899.
872 079
396,205
"614
32,681
46,941
133,425
155,542
199,284
9.421
7.862
P.788
..
7.031
10.534
3,207 237.436 121,674
4,052 230.613 119.857
..
8.065
15,006
3,867
8.872
7.386 287,402 115.641
19,060 226,765 108,868
.
18
hundredths of an inch.
715,624
1,902
604,954
40,791
57,433
Beoelpts at ports to Aug. 18
15,106 8.420,217
Week.
Total marketed
.........
Came Into sight during week.
Total In sight Aug. 18
Since
Sept.
1.
8,872 8.628.198
27,591
11 16445
4.854
13.373
2,189
181
3,94»
9,820
24,28»
— That the
reports
The thermometer has averaged
80,
—
41,218 11042801 34,274 10957401
*1,633
63,782
121,650 •6,883
39.615
8.717
—
4,402 1.231,203
242 1.312.584
Netoverland to Aug. 18...
Southern consumption to Aug.l8 26,00U 1,310,000 2i,ooy 1,098,000
Interior stocks In excess .... ...
208
28,743
28,640
81.064
38,284
1897.
We
1897-98.
1.
4.795
— We
4,402 1,231,203
In Sight and Spinner t'
Since
1899.
12.682
2.986
—
6.304 1,836,157
105,860
Sept.
1898.
1897.
34,937
31,769
the highest being 91 and the lowest 70.
Brenham, Texas. There has been rain on one day of the
week, to the extent of five hundredths of an inch. The thermometer has averaged S6, ranging from 72 to 100.
Columbia, Ttxas.—V^e have had raia on one day of the
week, the precipitation reaching fifty-one hundredths of an
inch. The thermometer has ranged from 70 to 94, averaging 82
Corpus Christi, Texas.— There has been no rain the past
week. Average thermometer 85, highest 92, lowest 78.
have had rain on one day of the past
Cuero, Texas.
week, to the extent of twenty-three hundredths of an inch.
The thermometer has averaged 84, the highest being 98 and
the lowest 70.
have had rain on one day of the past
Dallas, Texas.—
weak, to the extent of five hundredths of an inch. The thermometer has averaged 88, ranging from 71 to 105.
Euntsville, Texas. There has been rain on one day of the
week, the rainfall reaching eighteen hundredths of an inch,
and there has been a trace of rain on two other days. The
thermometer has ranged from 72 to 97, averaging 85.
Lvlin{,, Texas.— There has been a trace of rain on one day
Average thermometer 86, highest 103 and
of the week.
lowest 71.
Palestine, Texas. There has been rain here on two days
of the week, the rainfall reaching forty-six hundredths of
The thermometer has averaged 83, the highest
an inch.
being 96 and the lowest 70.
have had no rain during the
San Antonio, Texas.—
movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 242 bales, against 4 402 bales for the
week in 1898, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 81, 3"^! bales.
Wetk.
1898.
Towm. Rec'vttfrom Plant' n»
Galveston, Texas.— It is generally believed here that the
cotton crop condition over the State is not good. Late and
scattered showers have not been sufficient to do good and
rain is needed. Reports of shedding are pretty general.
Picking is under way at most p:)ints. There has been light
rain on one day the past week, to the extent of forty-nine
Including
Takings.
following table
crop prospects.
1.
2,474
1,729
761
726
—The
6
from the South indicate that as a rule the
light during the week, and in Texas
moisture is needed. Picking is general in the Southwest,
and is making good progress, and is getting under way elsewhere. Rust and shedding are complained of in portions of
Texas, Alabama and Tennessee. Further rains in the Atlantic States and at a few points along the Gulf have improved
506.730
1898-99.
55ie
Weather Reports by Telegraph. — Telegraphic
Since
Sept.
751
406
745
242 1.312,584
Shreveport....
to us this evening
rainfall has been
Shipped^
via St. Louis...... ..............
Via Cairo
Via Parker
Via Rock Island.......
......
Via Louisville
Via Cincinnati
Via other routes, Ac... ........
588
—
(^
1897-98.
Since
Sept.
534
Natohes.
Raleigh
total receipts
The above statement shows:
from the plantations since Sep. 1, 1898, are 8,541,867 bales; in
p 1897-98 were 8.691,930 bales; in 1896-97 were 6,628,650 bales.
2.
That although the receipts at the outports the past week
were 15.006 bales, the actual movement from plantations was
to
OD
13,373 bales, the balance being taken from stocks at interior
towns. Last year receipts from the plantations for the week
were 2,189 bales and for 1897 they were 24,280 bales.
This Shipm'ti
totals
1898-99.
importan t
Nashville
4.416 261,340 145,765
2,447 248.'10 132.384
1.
show that the interior stocks have deweek 1,633 bales, and are to-night 116,911
same period last year. The receipts at all
towns have been 7,823 bales more than same week last year.
Overland Movement for the Week and Since Sept. 1.
We give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Aug. 18 and since Sept. 1 in the last two years are as follows.
The above
at other
6
538
5^8
57i8
7.372
28
"
©^
<)©• t0C0C;iM©Oi»l©<Jl0t0OltO^t0*'*»h0V©O
5^
6
5^
Receivti at the Port* St'k at Interior
21
"
cot*
;
05ll^;
51518
578
579
6
Aug. 4
0>'
0<'
MtOiuI
lo'
ODOl©; M|^; fbOOO; M*',
^cooa0505W- o>oo-
cjim;
6J4«3^
5%
6
'•
creased during the
bales more than at
•
5%
July 14
[
a
WtOtOr05<105<I©ODCOOODOD05lO 1
« © pop oip w_to *> H" <i » « to a a M M
«W V MCO kO"
iB.OlQD-^h-OlWl-'O.
6
515,8
578
>-••,
w"tDVs<io*toww'>-M*kM'aDCn»*tooibiVol^
J-"
tOQOO
f"
6
515l8
5i5ie
s
•
Ti'
67,8
579
Ending—
1
00
01
00
*^
;
tOQCU' — t0©in~Jt0t0O*k|^CO©-.O<It0lJkaD00t0t0©t0t0<I-^^b3©
«ew©tOOi|i-tOOCWi»4»a — ^*^0505QD^3•qo^W^in^w-O^OOOOIO^U^
;
64
69i8
5%
Wttlt
.
'i-'
^iVlH-05bOOO
W M
O
'
00
05MOO; l^tf>'(ObC>] 1 tOtOl
Oi
OS
COOSOOifkl-'WlUW;
COMOi' tOO0Mt;» ~3MCtO00M. tS#k«CO MC0y>kOl^-a' Oif»"
:
1
vr
as
J3 if'OS-acO w
-J^O WOlOlO'l^O'lCO — tOtOM 03tcC5005CO
M
6
63,6
638
67i«
indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor
Southern consumption; they are simply a btatement of the
weekly movement from the plantations of that part of the
crop which finally reaches the market through the outports.
c;>ac;<
coto^OM- oo>' ooa<ioobotoo^MMOo*>if>-tot3t-'«oo'
to
6
638
6I3
Receipts from the Pla.ntations.
'-'
«-"-•
W^*"-!-'!-'
>-'t005«J
to
5'7;"
5%
Atlanta
Charlotte
Ooliunbus. Ga.
50^
;
*3:
;
loM
03I-'
»q
J
579"
6
Athens
it'
l^»JtOC3tOif»fOtJ<tOOtCifc0505-J05tO(0005CTtOOaO<JWWODtO'-'CO
<-'QoeouioD»aooboocj3CO"-oD>-'OD05to»"totoocO'-'i^03c;'ai»4to~a
00
Qc
5B8
513
6i«
578"'
6l8
The closing quotations to-day (Friday)
!-•
c;>
5%
5%
558
558
Southern markets were as follows.
>-'
I-'
3" 1^ <i 05
Fri.
6
5»8
Cincinnati
LoulsvUle...
M CO «-"to 05 O M
tsf
M
w o> Ob to w <i CO to 03 00 03
if'lf'WOOO'-'Ol^l-'tO^OtOWMi-Oii-'aD W Wp__-J Oj-J p O M 05 03 <i
MM WW'wOO V'll^ 00 aD'o'l-"'aD"--''03''^"o5"to'tO woo C W 00 00 V 00 O -J '"
00 -J 00 tc tc oo
Louis...
Thurs.
5%
5%
578
5?»
578
Houston
;
t-"
l-i-'«JOo;
0I-'
»1 1-" *>• <
r- *» tO
(-•
6i«
6»«
658
668
638
515i8
5i5,8
638
57«
615,8
Memphis
8t.
57;"
6^
658
6\
Augusta
•
578
6ie
Charleston.
SB
os-
6
5%
578
Wednes.
Tues.
61,6
579
s\
Mobile
Savannah...
O
MOH.
Satur.
Galveston. .
New Orleans
i'||?i»:riwi»- o
o
B
2
LXIX.
[Vol.
11021183
1.227 2,240,799 13,293 2.197.649
North'n spinners tak'gs to Aug. 18
* Decrease during week.
It will be seen by the above that there has come into sight
during the week 39,615 bales, against 27,591 bales for the
same week of 1898, and that the increase in amount in eight
to-night as compared with laat year is 143,268 bales.
We
week. Minimum temperature 74.
Weatherford, Texas.— We have had a trace of rain on two
days the vast week. Average thermometer 88, highest 104,
lowest
New
•
72.
Orleans, Louisiana.— There has been no rain during
the week.
The thermometer has averaged
84.
.
August
THE CHRONICLE.
19, 1899.]
Columbus, Mississippi.— B,a,\n has fallen on three days of
the week, to the extent of twenty- five hundredths of an
inch.
The crop is failing rapidly. The thermometer has
ranged from 74 to 102, averaging 87.
Little Rock, Arkansas.— There has been rain on one day of
the past week, the rainfall being nine hundredths of an inch.
The thermometer has ranged from 71 to 98, averaging 82.
are having rather too much rain.
Helena. Arkansas.—
Cotton has a large stalk and little fruit. Corn is fine. There
have been local showers on three days during the week, the
rainfall being seventy-one hundredths of an inch. Sprinkling
this morning. Average thermometer 82, highest 96, lowest TO.
Memphis, Tennessee.— There are some complaints of rust
and shedding, but generally the crop is doing well. Five
new bales have been received. Rain has fallen on two days
during the week, the precipitation being seventy-two hundredths of an inch. The thermometer has averaged 84, the
highest bping 97 and the lowest 72.
Nashville, Tennessee.— There has been rain on one day of
the week, the precipitation reaching four hundredths of an
inch. The thermometer has averaged 83 and ranged from
70 to 96.
Mobile, Alabama.— Reports indicate good and general rains
in the Mobile district, but there are many complaints of rust
and shedding. Picking has commenced in most sections.
It has rained on five days of the week, the rainfall being one
The thermometer has
inch and twenty six hundredths.
We
ranged from 68 to 97, averaging 82.
Montgomery, Alabama. Prospects are improving. Picking is progressing. There has been rain on two days of the
week, doing good, the rainfall reaching one inch and fiftyfour hundredths. Average thermometer 82, highest 99 and
lowest 71.
Selma, Alabama. Farmers claim that the damage from
the recent hot spell and rust and shedding will reach twenty
to twenty-five per cent. We have had rain on four days during the week, to the extent of sixty hundredths of an inch.
The thermometer has averaged 87, the highest being 101 and
—
—
399
According to the foregoing, Bombay aj^ears to show an
increase compared with last year in the week's receipts of
Exports from all India ports record a loss
15,000 bales.
of 2,000 bales during the week and since September 1 show
an excess of 87.000 bales.
Alexandria Receipts and Shipments op Cotton.—
Through arrangements we made with Messrs. Davis, Benachi
& Co., of Liverpool and Alexandria, we now receive a weekly
oable of the movements of cotton at Alexandria, Egypt. The
following are the receipts and shipments for the past week
and for the corresponding week of the previous two years.
Alexandria, Egypt,
1
Receipts (cantars*)...
This week
Since Sept. 1
—
—
—
—
3 o'clock
August
17, 1899.
and August
18, 1898.
5,580.000
il
Since
2,000
5.795.000
2,000
6.516.000
;
This
week.
This
week.
i
Sept. 1.
Since
\
Sept. 1.
i
This
week.
Since
Sept. 1.
Exports (bales)—
5,000 340.000
7,000 384,000
To Liverpool
ToContlnentt
Total Europe
*
1,000 347.000
4.000 479.000|
a cantar Is 98
2,000 338.0f0
7.000 406,000
5,000 826,000
i
12 000 724,000'
9,000 744,000
pounds.
Of which to America in 1898-99, 51,018 bales; In 1897-98, 53,288
bales; in 1896-97, 50,781 bales.
Manchester Market. — Our reporr received by cable
from Manchester states that the market is firm for
both yarns and shirtings. The market does not respond to
the movement in Liverpool. We give the prices for to-day
below and leave those for previous weeks of this and last
year for comparison.
to-night
1899.
8H
Twist.
d.
d.
1898.
lbs. Shirt-
32« Cop. inys,
s.
d.
s.
3ia®7
3is®7
" 28 5l3,e-6ii„ 4 3is®7
J'lyl4 5i3,6-6iiie 4
" 21 5i3,b-6ii,e 4
Aug.4
" 11 5^8
" 18 5'8
»6%
96%
4
4
4
CotUn
d.
lifl
4 ®7
4ifl®7
2
2
2
419®?
d.
d.
Shirt- Ootrn
lbs.
ings,
Twist.
Uplds
l^a
lia
SH
32s Cop.
common Mid.
to finest.
the lowest 69.
Madison, Ftorida.— Picking has commenced but is not
general as yet. We have had rain on four days during the
week, to the extent of two inches and ten hundredths. The
thermometer has averaged 85, ranging from 74 to 96.
Savannah, Georgia.— It has rained on four days of the
week, the rainfall being ninety-two hundredths of an inch.
The thermometer has ranged from 68 to 95, averaging 81.
Augusta, Georgia. Rain has fallen on two days of the
week to the extent of two inches and five hundredths. Average thermometer 81, highest 95 and lowest 68.
Charleston, South Carolina. It has rained on three days
of the week, the rainfall being one inch and fifty hundredths.
The thermometer has averaged 82, the highest being 94 and
the lowest 70.
Stateburg, South Carolina. Rain has fallen on four days
of the week, to the extent of one inch and sixty hundredths.
The rain has been very beneficial, but is too late to fully
repair the damage of the past dry, hot spell. The thermometer has averaged 79-5, ranging from 65 to 95.
Oreenicood, South Carolina. There has been no rain during the week. The thermometer has ranged from 68 to 94,
averaging 81.
The following statement we have also received by telegraph,
«hov7ing the height of the rivers at the points named at
1896-97.
1897-98.
1898-99.
August 16
common Mid.
Uplds
to finest.
d.
s.
558 ®69,6
338
59i6 ®67,^
33s
59^g ®67,g
SSg ®6"i6
338
31530 5lii6®6ifl
37,. 59i« 3-638
d.
4
1
d.
8.
•ab
d.
8
31532
31330
3)53,
31530
313
33e
oi^ae 7ifl
oi^ae 71a
4 0ia®6 1\
4
4
®6
4
1
4
0ifl«6
7I1
7
We
Sea Island Cotton Movement.—
have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week.
The
receipts for the week ending to-night (Aug. 18) and since
Sept. 1, 1898. the stocks to-night, and the same items for the
corresponding periods of 1897-98, are as follows.
189 7-98.
1898-99.
Receipts to Aug. 18
Since
This
toeek.
Savannah
3
Charlestoii, &o.
Florida, &c
Sept.
1.
53,590
5,642
This
Since,
week. Sept. 1. 1899.
3
67.393
1898
163
59,237
9.985
6,706
75
255
6,297
1,529
6
50
166
7=i.928
336
7,876
3
8,161
Total
Slock.
—
The exports for the week ending this evening reach a tota 1
of 200 bales, of which 2C0 bales were to Great Britain,
to France and
to Reval, and the amount forwarded to
Northern mills has been 10 bales.
Below are the exports
for the week and since September 1 in 1898-99 and 1897-98.
—
Feet.
New Orleans
MempMs
Above zero of ganere.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge
Nashville
Shreveport
Vloksburg
5-9
Week Ending Aug. 18 Since
16-3
12 6
from—
Week.
Bombay.
1897-98.
Since
Week.
Sept. 1.
21,000 2.062.000
Since
Sept. 1.
6,000 1,793,000
For the Week.
1
1896-97.
Week.
Since
Sept. 1.
7,000 1.610,000
Since September
1.
Exports
from—
Oreat
Britain.
Oonlinent.
Total.
Oreat
Britain.
Continent.
Total
Bombay—
1898-99..
1897-98..
1896-97..
2,000
3.000
3,000
2,000
3.000
3,000
15,000
14.000
32,000
530,000
445,000
563,000
545. 00(
31,000
33,000
7i{,000
37,000
31,000
2,0C0
2,000
2,000
2,000
8,000
17,000
5,000
20,000
19,000
7,000
28,000
000
4000
1,000
2,000
6,000
3,000
7,000
10,000
16,000
30,000
122.000
126,000
134,000
132,000
142,000
164,000
1,000
1,000
6,000
7.000
12.000
6,000
8,000
13,000
32,000
36,000
78.000
700,000
609,000
790,000
732,000
G 45,000
2.000
1,000
Madras—
4
1000
Total all—
•
Iforth'n Mills.
Great
Total. BHl'n.
Fr'nce
<£c.
Total.
Savannah...
4,949
1,542
Charl't'n.&c
Florida. &c.
Total
Total 1897-8
10
29,676
1,621
7,9a4
200
200
200
6,014 20,82^
1,986
2,954
200
200 26,445
9,005 35,450
10 39,281
146'32,860
8,777 41,637
251 33,501
York..
Boston
(fee
7,940
1,542
14,814
1,986
200 2,954
New
Bait.,
2,991
Since
Week. Sept.l.
1-25
21
A considerable portion of the Sea
foreign ports goes via
New York,
Island cotton shipped to
and some small amounts via
Boston and Baltimore.
Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, &c. The details of the
shipments of Sea Island cotton for the week will be found
under the head "Shipping News," on a subsequent page.
Quotations Aug. 18 at Savannah, for Floridas, common,
9c.; medium fine, 10c. choice, 13c., all nominal.
;
1898-99..
1897-98..
1896-97..
1898-99..
1897-98..
1896-97..
t£c.
36,00<J
2.000
1,000
5,000
4,000
8,000
459,000
595,000
Calcutta—
1898-99..
1897-98..
1896-97..
All others—
1898-99..
1897-98..
1896-97..
Fr'nce
20-3
for the week ending Aug. 17, and for the season from Sept.
to Aug. 17 for three years have been as follows:
Receipts at-
Great
Brit'n.
6-5
India Cotton Movement from all Forts. — The receipts
of cotton at Bombay and the shipments from all India ports
1898-99.
Sept. 1, 1898.
Exports
8(>«,000
Memphis First Bale,
— Oar
correspondent at
Memphis
advises us that two bales of new cotton, first of the crop of
1899 1900, were received at that point on August 12, or five
days earlier than last year and six days earlier than the average year. One bale was received by Godfrey Frank
Co.
from J. H. Stafford, Perthshire, Bolivar Co., Miss., classed
strict middling, IV^ bender staple, weighed 472 pounds, and
sold at auction to B. B. Harvey
Co. at V'^i cents. The
other bale was received 20 minutes later by Sledge
Norfleet from C. C. Crews, Crews, Tunica Co., Miss., classed
strict middling. IJg bender staple, weighed 525 pounds, and
sold to Porter, Deming
Co. at IO3-4 cents.
&
&
&
&
.
THE CHRONICLE.
400
Gmop Estimate.— Mr. Henry M.
Neill, of
New
Orleans,
We give
publiehes a forecast of the cotton crop this year.
an extract from bis circular below. His conclusions appear
to be remarkably positive, especially when one takes into
the account the
many
risks cotton is subject to after this
Neills estimate we give the report of
[Vol.
LXIX.
—
Egyptian Crop. Telegraphic reports from Cairo, of date
August 16, indicate that in consequence of the extreme lowness of the Nile the cotton crop is threatened, and the natives have been warned to sow early. The upper highlands,
it is said, will suffer
the most.
—
East India Crops. Cable advices from Bombay Aug. 15
Department as to the indicate that rain has fallen in many districts of the Island
of Bombay, but the crop prospects are unsatisfactory. In
flood in Texas. It will be noticed that the Department dif- the Deccan moisture is badly wanted, and the outlook there
Guzerat and Kathiawar have received pracfers from Mr. Neill as to extent of this damage, stating that is not good.
"& conservative estimate of the actual destruction includes tically no rain. On the other hand Bengal has had an excessive rain, and a break in the drought has occurred in the
about 227,000 bales of cotton," Ac. Mr. Neill says the damNorthwest provinces. In the Punjab crops are doing well,
age "will hardly reach 100,000 bales."
but rain is wanted to prevent the damage in the affected
" For the present crop I am satisfied that, on the average, area spreading to the Central Provinces. The damage is not
the promise per acre is fully equal, if not superior, to that of irreparable if rain comes speedily.
date.
Following Mr.
the Statistician
of the Agricultural
year at this date. The temperature has been perfect,
European Cotton Consumption to Aug. 1.— We have
and the rainfall generally sufficient and most opportune, received
to-day (Friday) by cable Mr. Ellison's figures brought
now very
with alternations of fine weather, so that the crop is
and so heavily fruited that, with ordinary down to Aug. 1. We have also received the revised totals
far advanced
for last year and give them for comparison. The spinners
weather, a large crop is assured in every State. Texas, with
takings in actual bales and pounds have been as follows:
loss in the Brazos Valley (which will
the exception of the
hardly reach 100,000 bales), has been peculiarly favored with
October 1 to Aug. 1.
Great Britain.
Continent.
Total.
alternate rain and sunshine, and now promises the best crop
to the acre ever known.
For 1898-99.
"The rapidity with which the crop has advanced over the raJrings by spinners... bales
2,994,000
4,358.000
7,352,000
whole country, and the enormous fruitage, will soon make it Average weight of bales.lbs
514
484
4962
independent of future weather, and make a great crop cer- Takings in pounds
1,538.916,000 2,109.372,000 3,648,288,000
We shall
tain, no matter how early a frost should come.
For 1897-98.
doubtless hear of much shedding; the fruitage is so immense
2,957,000
4,351,000
7.308,000
that no plant could ever carry it all to maturity. It must be Takings by spinners. .bales
508
496-7
489
borne in mind that while the past crop (1898-99) will sum Average weight of bales.lbs
1.502.577,000 2.127.702.000 3,630.279.000
up the largest on record, its possibilities but for the dread- Takings in pounds
ful weather of December. January and February were vastly
According to the above the average weight of the delivener*
greater than the crop realized, and it is from tbis vast possi- in Great Britain is 514 pounds per bale this season, against
bility, which now exists for this year also, that any trifling 508 pounds during the same time last season.
The Coacmen>al
loss from decreased acreage or any subsequent deterioration deliveries average 484 pounds, against 489 pounds last year,
must be deducted."
and for the whole of Europe the deliveries average 496"i
bale,
Flood Damage in Texas.— Statistician Hyde, of the De- pounds per gives against 496*7 pounds last season. Our
the full movement for thin year an 1 lat-t
of a dispatch also
partment of Agriculture, has made public a summary
year in bales of 500 pounds.
special report on the agricultural situation in the recentlysubmerged district in Texas, prepared by E. S. Holmes, Jr.,
1898-99.
1897-98.
Oct. 1 to Aug. 1.
as follows: The report states that the greatest damage was
in McLennan, Falls, Milam, Robertson, Brazos. Burleson, Bales of 500 lbs. each,
Great
ContiGreat
Conti- Tolat,
Grimes, Washington, Waller, Austin, Fort Bend and BraTotal.
000« omitted.
Britain. nent,
Britain. nent.
zoria counties. The cumber of farms submerged is estimated at 8,100, with a total area of about 1,380,000 acres. Of Spinners' stock Cell.
56,
441,
497,
31,
183,
214,
this area at the time of the flood there were about 503,000
511.
238,
Takings In October... 273,
245,
239,
484,
acres under cultivation, 389,000 acres, or about 67 per ceat of
329,
679.
1,008
422.
276,
Total supply
698.
the cultivated area, being in cotton, 124,400 acres, or about
364,
640,
264,
348,
612,
25 per cent, in corn, 10,800 acres in sugar cane, and 28,600 Gonsnmp. Oct., 4 wks. 276,
acres in other crops, with a total production in sight equiva368.
53,
316,
12.
74
Spinners' stock Nov. 1
86,
lent to about $7,950,COO. The value of the land itself is estiNovember. 325,
373,
698,
318,
377.
695,
of the buildings and other improve- Takings in
mated at 116,322,000, that
last
.
at 13,678,000, that of implements and machinery at
$364,000, that of live stock at $2,955,000, and that of corn on
hand at $127,000, a total of $'.^3,446,000, exclusive of growing
Although nearly 90 per cent of the total loss occrops.
curred in the destruction of or injury to growirg crops, the
damage to farm property and the losses of live stock, etc.,
amount to the large sum of |844,000. The land itself is
damaged by washing and gullying to the extent of over |200,OCO, but of this loss about one-half is estimated as offset by
ments
the increased future productiveness resulting from the alluvial deposit left by the flood.
The precise effect of the flood upon this year's crops is diffi
cult to estimate. While the crops over a large area were
practically destroyed, the effect of the rains on the upland
crops will be highly beneficial and should result in a large
increase in yield throughout the entire central part of the
State and so much of the western part as is under cultivation.
A conservative estimate of the actual destruction includes about 227,000 bales of cotton, representing, at an
average price of 4^ cents per pound, about .$5,100,000; 4,400,000 bushels of corn, worth at 20 cents per bushel $830,000;
sugar cane to the value of $355,000, and other crops estimated
at $235,0(0; a total loss to standing crops of $6,570,000. The
addition to this amount of the loss to farm property raises
the total to $7,414,000, or about $71 00 per capita of the
population of the district, which is estimated at 100,000,
negroes largely predominating.
The amount of land that will be replanted this season is
It is, however, safe to say that not
difficult to estimate.
more than 50 per cent of the total devastated crop area will
be replanted, and but little of that in cotton. What replanting is done will be mainly in qnick-yielding food and forage
crops.
Cotton Crop Circclar —Our Annual Cotton Crop Review
Total supply
Spinners' stock Deo.
1
takings In December.
Total supply
Oonsnmp. Dec, 6 wks.
•pinners' stock Jan.
Takings
m
378,
276,
688,
364,
1,066.
102,
442,
324.
600,
426.
1,042,
372,
544,
345.
924.
1.468,
438
455.
800.
199,
334,
4^59.
668.
466.
533,
276,
935
330,
26i,
451
1
January..
Total supply
Oonsump. Jan., 4 wks.
Spinners' stock Feb. 1
Takings In February
Total supply
Consump. Feb., 4 wks.
Spinners' stock Mch.l
Takings in March
Total supply
348.
781,
612,
103,
684.
956.
330,
687.
435,
1.125,
765,
108.
322.
252.
503,
360,
800
1,468,
649,
430,
268.
758.
356.
1,185,
372.
257,
315,
563.
454.
820,
769,
162,
302,
399.
453,
561,
755,
572,
270,
1.017,
1,589,
643.
464.
268,
852.
356.
1,316,
372.
296,
333.
645,
556.
941.
888,
196.
442,
496,
495,
692,
937.
t)29.
Consnmp. Nov., 4 wks.
640
66,
169,
825,
624.
624,
345.
1,200,
465,
1,829.
810,
638,
335,
991,
445.
1,629,
Consump. Mar., 5 wke
Spinners' stock Apr.
284,
240,
735,
410.
1,019,
650,
303,
271,
646.
425,
849,
696,
524.
276,
1.145.
1,669.
652.
574.
272,
971,
360.
1,545,
376,
248,
319,
769,
406,
1,017,
302.
299,
611.
524,
91J,
725,
567,
345,
1,175,
470,
1,742,
815.
601,
340,
1,135,
1,736,
4£0.
790,
222,
273.
705,
406,
927,
679,
261.
220,
635.
377.
946,
897.
495.
276,
l.lll.
1,606.
652,
481,
272,
1.062,
360,
1,543,
376.
219,
2J4.
735.
311.
954,
tSo.
209,
214.
702,
278,
911.
492,
1
Takings In April
Total supply
Consump. Apr., 4 wks
Spinners' stock
Takings in
May
1
May
Total supply
Cousnmp. May, 5 wkp
Spinners' stock June
1
Takings in June
w.ll be ready in circular form about Thursday, September 7.
Parties desiring the circular in quantities, with their business
card printed thereon, should send in their orders as soon as
Jonsump. June, 4 wks
possible, to ensure early delivery.
Spinners' stock July
JrTE Butts, Bagging, Etc.— The demand for jute bagging
has been very good during the week under review at unchanged prices, viz.: 5,s^@5Xc. for \% lbs. and 6;»^@6i4C.
for 2 lbs., standard grades. Jute butts continue very firm at
l'05c. for paper quality and If^c. for mixing to arrive.
Takings in July
Total supply
1
Total supply
780,
632,
823,
632,
44J,
1,046.
1,489,
276.
376,
652,
423,
272.
980,
360.
1,403,
Consump. July, 4 wks
pinners' stock Ahk-
167,
670,
837,
151,
620,
771
•
1
632,
1
1
AworsT
THE CHRONICLE.
19, 1899.]
The compariBon with last year is made more striking by
bringing together the above totals and adding the average
weekly consumption up to this time for the two jexn*.
Oct. 1 to
Aug.
1898-99.
1.
Balu of 500 Utt.
eocA.
000» omitted.
Oreat
Oonti
Britati
neni.
56,
441
epionere' stock Ootl.
Takings to Aug.
1897-98.
Total
497
Great
Oonti
Britatt
nent
Tote
183
31.
~214.
7,260,
Supply
3,078,
4.219,
7,297.
3,005
4,255
3,134,
1....
4,660.
3.990,
7.794
3,036
2,885
4,438, 7.474.
3,818. 6,703,
Con8umpt'ii,43 weeks 2,967.
6,957.
pany, Chace, Cornell, Conanicut, Davol, Durfee, Fall River
Manufactory, Flint, Granite, King Philip, Lamrel Lake,
Merchants' Manufacturing Company, Mechanics' Metacomet Manufacturing Company, Narragansett, Osborne,
Pocasset Manufacturing Company, Richard Borden Manufactnring Company, Sagamore Manufacturing Company,
Seaconnet, Shove, Stafford, Tecnmseh.Troy C. and W. Manufactory, Union Cotton Manufacturing Company, Wampanoag, Weetamoe. Those not included are the Fall River Iron
Work Mills, Park, Robeson, Slade and Hargraves companies.
Fall River despatch to the "Boston Journal " remarks
A
a-s
Spinners' stock Aug.l
In December
In January ........
In February
InMarob...
InAprll
In May
In June
In July
837
670
69,0
69,0
69,0
69,0
69,0
69,0
69,0
69,0
69.0
69.0
Weekly Oontumptior,
00« omitted.
In October
In November
167
91,0
91,0
91,0
93,0
93,0
93,0
94,0
94,0
94,0
94,0
160,0
160,'
160,0
162,0
162,0
162,0
163,0
163.0
163,0
163.0
151
771,
620,
87.0
87,0
87,0
89,0
153,t
153,v
89
89
156,0
90,0
90,0
90,0
90,0
66,0
66,0
66,0
67,0
67,0
67,0
68,0
68,0
68,0
68.0
153,0
158.0
158,0
153,t
156,1
156,i-
158,'
The foregoing shows that the weekly consumption continues
at 163,000 bales of 500 pounds each, against 158,000 bales of like
weights at the corresponding time last year.
i;xpoKTS OF Cotton Goods fkom Ubeat Britain.— Beiov»
<ive the exports of cotton varn, goods, &c., from Oreat
Britain for the month of July and since October 1 in
1898-99 and 1897-98, as compiled by us from the British Boarc
of Trade returns. It will be noticed that we have reduced
the movement all to pounds.
we
TarnAThreaa
lotal of AU.
Oloth.
OOOs omUtfii.
1898-99 1897-9»-
1898-99
1897-98 1898-99 1897-98
I
1898-99
1897-98
tbi.
24,263
24.234
22,325
27,95<:
427,823
432,146
December
28,474
25.96-
499,56
418.220
79,919
117,864
105.886
Tot.ist quar
70,052
78,153 l.374,28a 1,240,910
837,131
329,718
315,284
January
February
20,846
23.841
23.363
453.653
434.194
March
22,75<
27,454
467,754
449,974
410,715
496,295
85.021
20,407
106.603
102,1^6
111.172
108,862
100.686
121,287
64,003
74,678 1.355.601 1,366.984
856,397
320.2 C
331,076
134,055 152.881 2,729,884 8,597.699 515,923 493,52-
649.97»'
646,359
93.047
Tot. 2d quar,
mo8
Total 6
Tdt.
Td».
390,644
446,891'
Lb$.
84,440
Lb$.
74.631
I
>
80,836
94,390
77.60'>
93,773
1
April..
19.926
23,335
431,6601
May
19,78t
22,029
431,007
June..
18,911^
83,187
452,305
cs.esi
368,949
390,603
408,352
88,581
Lb$.
108.693
103,161
98.885
110,533
81,600
69,712
101.626
81.474
85,502
73,80.1
101,260
96.432
77,157
104,421
100,344
69,151 1,314.97* 1,167,904 848,676 220,672
307,207
289,823
Total 9 mo8.. 192.6W 221,982 6,044,85fl 3.766.803 764.499 714,200
957,185
936,182
110,869
104,497
Tot.
quar.
3cl
July....
19,8!6
19,016
4fil,622
449,231
91,044
81,881
Stockines and socks.
Sundry
665
Total erporta of cotton manufactures.
702
21,413
articles
20,589
1.090,132 1,061970
The foregoing shows that there has been exported from the
United Kingdom during the ten months 1,090,133,000 lbs.
manufactured cotton, against 1,061,970,000 lbs. last year, or
an increase of 28,163,000 lbs.
A further matter of interest is the destination of these
exports, and we have therefore prepared the following
statements, shovdng the amounts taken by the principal
countries during July and since October 1 in each of the
of
last three years:
EXrOBTS OF PIECE GOODS AND TARNS TO FBIHCXPAL COOMIBIEC
JULY AMD FBOH OCTOBEK 1 TO JULY 31.
July.
Piece 6ood»~Tard$.
(000* omitted.)
1899.
Mt Indies and Africa..
Turkey, Bgypt
1898.
Oct.
1897.
lfc98-99
Ito Julu
lb97-98
IN
31.
It 96-97
All other countries
218,7*9 108.429 140,368 2.101.353 1,96.S,015 1.621,r.l7
67it,«6»
62.815 6li,b8i 72,486
669,09672.573
6».18» 62,lfi2 59,0S.1
489,076
460,709
498,161
23,fc0« 20,t<ll' 21,027
21f.,.=)75
238,P4B
249,881
51,6^3 61,426 4t,73a
404,HdO
445.131
400,764
27.327 17.366 20.34.'.
24fl,2>S5
226,428
184.147
11,021 38,358 40,888
326,a84
328,963
281.664
Total yards.
Total yalne.
481.621 419.231 106.800 4.526,478 4,215.7.';3 3,689,668
£4.533 JE4.184 13,918 £41.697 i38.fc68 i39.00u
China and Japan
orope
(except Turkey)....
Booth America
North America
Government Weekly Cotton Report. — Mr. James Berry
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday tha following telegraphic
reports on the crops in the Southern States for the week
ending Aug. 14:
Virginia.— Weather continues favorable.
North Carolina.— Week very favorable, with sufficient rainfall except over few western localities; deterioration of cotton checked; It is
opening; slowly and still shedding.
South Carolina.— still dry in places, but generally sufficient rainfall, and excessive in two counties; cotton opening last, picking begun, somewhat less shedding, but rust increasing.
Georgia.— Dry and warm most of week, with occasional scattered
showers; cotton opening rapidly and is shedding and rusting; picking
Florida.— Warm and generally favorable; cotton opening rapidly
on uplands, and picking quite general; much complaint of ahedding
and rust.
ALABAMA.— Warm and dry. except scattered showers; cotton opening rapidly; picking progressing in central and southern counties;
prospective yield fair to good; top crop rather light; rust and shedding decreasing.
Mississippi.- The dry, abnormally hot weather has improved cotton, which is opening in nearly every section of the State, and Is being
picked iu many places; some has been marketed; reports of shedding
continue, but conditiOH is not serious.
LonsiAXA.- Fore part of week dry and hot; latter part good showers, well distributed; cotton opened rapidly, but suffered from shedding; diought and heat; some picking done.
Texas,— Warm and dry generally, with local hot winds in north
portion; no rain in many localities or central portion for more than
four weeks; drought causing cotton to shed leaves, squares and young
bolls generally, and, where prospects were excellent two weeks ago,
only a lair crop now expected, except in scattered localities, where
showers have occurred; cotton opening rapidly; picking rushed in
southern portion and commencing in northern portion.
Arkansas.— Abniirmally high temperatures and general absence of
rain during the week in all sections; rain is needed for cotton; some
beginning to wilt and shed.
TENXEgsEE.-Rain early in the week, followed by warm sunshine,
induced good growth and development of crops except iu southern
portions of western section, where drought prevails; cotton rapidly
shortening, rusting badly and shedding forms.
Missouri.— Cotton doing well.
Oklahoma.— Continued hot and dry; late crops need rain.
These reports on cotton are summarized by the Depart-
ment
as follows:
In nearly all sections cotton is opening rapidly, and piioking is in
general progress. While complaints of shedding continue general,
they are somewhat less numerous than in the previous week over the
eastern half of the cotton belt. Rust 's, however, still prevalent, and
In the north cenis Increasing in the central and eastern districts.
tral and western portions of the cotton belt the condition of cotton is
decidedly less promising than at the close of the previous week.
—
Norfolk's First Bale. The first bale of new cotton at
Norfolk, Va., arrived Monday, Aug. 14th, or six days earlier
than last year. The bale graded strict middling, came from
Marlboro County, South Carolina, to Messrs. Eure, Gregory
& Co., and sold at 8 5-16c. to Messrs. Rodgers, McCabe &Co.
—
Shippiho News. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 34,167 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
New Tokk—To Liverpool,
Total bales.
per steameis Cymric,
1
Servia,
440
To Havre, per steamers Cape Comorin, 175
Holland
2,0P4
Oermany
8,fiSi2
0th. Europe (except Turkey
Bast Indies
2,9-3
3.10!
China and Japan
2,061
Turkey and Kgypt
Total lbs
Total Talae.
indications in local mill circles point to the formation of a
cotton mill combine, with its financial end in New Yorlc, which will
absorb $35,000,000 worth of Fall River manufacturing property. The
trust movement appears to be spontaneous in its origin. It has been
felt here for weeks, and even months, and promoters seem almost
ready to tell all about it. A short time ago it was believed that the
Brayton interests were being drawn more closely together, and these
interests control a third of the local cotton industry. There was talk
that the balance would be consolidated. Now it is the understanding
that all the Fall River mills are to be brought under one general management. This would eflfect a saving, it is thought, of ll, 000,000 a
year. This sum is quite an item in view of the growing Southern competition. What adds strength to belief In the existence of an immediate deal is that much mUl stock has changed hands recently at
figures which seem surprising on business grounds. In event of a
combine of the mills, the prices to be paid for the stock will be based
upon the earning capacity of each miU, per spindle. A mill trust will
be welcomed by many and deprecated by some, but middle men will
view it with distrust until its selling agencies are fixed upon."
439.
Tam$—Lbi.
(000( omitted.)
All other countries
follows on the combination.
"The
in progress.
Lbi
Lb$.
October
November...
.
401
2,791
3,232
3,217
35.262
48,725
19.281
.^0.0 15
30.ni4
34,833
37,454
38.115
24,0l8
22,024
15,35U
26,6 5
21.«9fl
23,682
3f> 1"4
31.094
."7,261
3l»,^01
1,935
1,604
Z.bbb
2.111
2.081
1,111
3,132
3,88
4.390
3 10(1
2,028
1,479
17,206
17,593
21,047
187,973
1671
JEflSO
£843
£a,Hl.'
3,7(19
84.31.".
•<!
14,703
14,5:8
il8,878
8.086
801,018
1
£8,U5
—
Proposfd Print-Cloth-Mill Combination.
Advices
from Fall River indicate that on Thursday offers were made
for tbe stock of nearly all of the print cloth mills located in
that city with the view of forming a great print-cloth combination. The corporations for which offers are reported to
have been made include the American Linen Company, Arkwrighfc, Barnard Manufacturing
Company, Border City
Manufacturing Company, Barnaby Manufacturing Com-
La Cham321
pagne, 146
To Bremen, per steamer Friedrich der Grosse, 2,201
To Hamburg, per steamer Patria, lOO
To Antwerp, per steamer St. Cuthbert, 129
To Flume, per steamer Pocasset, 100
To Oenoa, per steamer AUer, 101
To Naples, per steamer Aller, 590
To Trieste, per steamer Pocasset, 100
To Venice, per steamer Pocasset, 91
New Orleans—To Liverpool— Aug. 12—Steamer Astronomer,
100
129
1"0
101
590
100
91
1,155
1.155
To Barcelona- Aug. 12—Steamer Pio IX., 3, 246.... Aug. 15
-BteamerQran Antilla, 2 931
GALVBgroN— To Liverpool— Aug. 15— Steamer Governor, 3,282
Pensacola—To Liverpool— Aug. 12—Steamer Leonora, 1,212
....Aug. 18— Steamer Serra, 363
BOBTOH—To Uverpool— Aug. 14-8teamer Sachem. 1... -Vug.
Aug. 16— Steamer Der15-Steamer Armenian, 1,377
byshire. 6C 6
ToSt. John- Aug. 12-Steamer
2,201
6,177
3,282
1,'75
1,984,
St. Croix,
139
13»
.
.
THE CHRONICLE.
402
Total bales.
Baltimore—To Liverpool— Auk. 9— Steamer Quernmore, 2.9 H
3,111
1,557
upland and 200 Sea Island
ToBremen—Auk. 16-Steamer
Willehad. 1.557
To Antwerp—Aug. 4—Steamer Cambrian King. 375..
375
639
Seattle—To Japan— Aug. 12— Steamer Riojun Maru, «39
Total
24,167
-.
The particulars of the foregoing shipments, arranged
tn
our usual form, are as follows.
Qer- ^Oth.BTrope-^ Mexico,
Great Prenc^
Brii'n.
many. North. South.
982
129
2,301
ports,
"'
321
Sew Yerk.
440
N. Orleans.
Galveston.
Pensacola.
1,155
Ot^9^
XfO/9
>>• •••
Boston
Ajt7c)4
••••
Baltimore.
3,111
Japan.
cSc.
4,173
7,332
3,282
1,575
2,123
5,043
...>«••
139
B*a*a>
1,557
375
3,858
504
639
63a
639
24.167
Seattle
321
11.547
Total....
Total,
139
7,159
To Japan since September 1 shipments have been 136,378
bales from Pacific Coast, 15,073 bales from New Orleans,
13,960 bales from Galveston and 3,099 bales from New York.
Cotton freights at New York the past week have been
is
follows.
Satur.
Mon.
Fri
Wedne$. Thurt.
Tuet.
20
Liverpool
c.
20
20
20
20
Havre
c.
25*
25*
25*
25*
25*
20
25
20
25
20
25
20
25
20
25
27I2
27Ja
27>3
271a
2712
271a
27J«
27ifl
£7ia
30
30
30
40
32
30
30
30
40
32
30
30
30
40
32
30
30
30
40
32
30
30
30
40
32
Is
^
^
^
the only demand from shippers being for the South American and West Indian trade. The tone of the market has
held fairly firm, as there has been no pronounced pressure to
sell, stocks on hand not being excessive.
Rye flour has had
a fairly good sale and there has been a slight improvement
in values. Corn meal has been in moderately active demand
and
fairly steady.
Specnlation in wheat for future delivery has been fairly
active, but the tone has been somewhat unsettled. Early in
the wf ek prices advanced on moderate buying, stimulated by
stronger foreign advices, a further falling off in the receipts
at primary points and disappointing threshing returns from
the spring-wheat district. Tuesday, however, the market
turned weaker, more than losing the advance of the previous
day.
Weaker advices from abroad, uneasiness over the
political situation in France and more favorable reports
form the Northwest prompted selling for both long
and short
account, under
which
prices
declined
l/^@l/8fWednesday
and
Thursday
the
market
again showed a stronger tone. The advices received from
the foreign markets were of a more encouraging nature.
Crop damage reports were received from Southwestern Russia; drought was reported in India, and there was an improvement in the export demand.
Business in the spot
market was quiet early in the week. Subsequently, however,
there developed a fairly active demand from exporters, and
prices advanced with futures. To-day the market was firmer
on unfavorable weather conditions in the Northwest and the
improved export demand.
The spot market was fairly acttive and firmer. The sales for export to-day here and at
outports were 280,0l0 bushels.
DAILY CLOSING PRICES OF NO. 2 RED WINTER IN
¥ORK.
Sat.
Mon. Tues.
Wed. Thurs.
Fri.
78I4
'/7
Cash wheat f. o. b
7714
765(5
78
781a
76I4
76'78
in elev
7714
Sept. delivery
76
7558
77
i«
Bremen, Aug
...c.
Hamburg, Aug
Amsterdam
Rotterdam
Beval,
Do
Do
V.
.c.
e.
c.
Hamb..c.
V. Hull...c.
V. Copen..c.
Genoa
c.
Trieste, direct... c.
Antwerp
d.
271a
[Vol. LXIX.
NEW
78ia
Bl^e
Dec. delivery in elev
May delirery in elev
7934
77^8
8212
80%
DAILY CLOSING PRICES OF NO. 2 SPRING IN
78^
81%
7914
8218
791a
8238
CHICAGO.
Sat.
Mon.
Tues.
Wed.
70''8
71''8
70%
Thurs.
7138
7338
76^8
741*
77>«
7014
7238
7314
76I2
73%
Fri.
63!
^32
^32
Ghent,v.Antw'p.<i.
^32
°32
Quotations are cents per 100 lbs. unless otherwise stated.
* And 5 per cent.
Sept. delivery in elev
Dee. delivery In elev
May delivery in elev.
Liverpool. By cable from Liverpool we have the foUov
Ing statement of the week's sales, stocks, &o., at that port,
Indian corn futures have been moderately active, but
there has been no decided changes in prices. Early in the
week sympathy with the advance in wheat, light offerings
from the country and a good cash trade held prices steady in
the face of decidedly favorable crop prospects then came a
slight weakening in prices under freer offerings, but on
Thursday the market again turned strongtr. Offerings
were smaller, and sympathy with the advance in wheat bad
a favorable influence. Business in the spot market has been
active, as exporters have continued good buyers, and prices
have advanced slightly. To-day the market was steady.
The epot market was fairly active and higher the sales
for export to-day here and at outports were 600,000 bushels.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN
YORK.
Sal.
Tues.
Man.
Wed. Thurs.
Fri.
:-8
Cash corn, f. o. b
38
38^4
3838
40
ST's
3-i6
Sept. delivery in elev. .. 36%
3638
3658
36%
37
—
Aug. 4
July 28.
Aug.
11.
week
40,000
59,000
58,000
7,000
4,000
2,000
Of which
60t
1,000
Of which speculators took.
37,000
56,000
55,000
Sales American
11,000
6,000
13,000
Actual export
44,000
57,000
53,000
Forwarded
1,097,000 1,047,000 1,016,000
Total stock— Estimated
Of which American— Est'd. 1,018,000 972,000 935,000
26,000
27,000
13,000
Total import of the week
11,000
15,000
13,000
Of which American
21,000
17,000
27,000
Amount afloat
21,000
17,000
12,000
Of which American
Sales of tbe
bales.
exporters took...
Aug. 18
43,000
2.000
1,000
39,000
8,000
48,000
970,000
fc92.000
10,000
7,000
23,000
18,000
The tone of the Liverpool market for spots and futures
each day of the week ending Aug. 18 and the daily closing
prices of spot cotton, have been as follows.
Sat'day.
Spot.
Market
Monday. Tuesday. Wed'day. Thursd'y Friday.
Moderate
demand.
M
strong.
Mid. Upl'ds.
31930
39l6
7,000
10,000
500
500
1:45
P,
Sales
Spec.
& exp.
Moderate Moderate
demand. demand.
Dull.
Firmer.
31332
37,6
7,000
6,000
7,000
6,000
500
500
500
500
Futures.
Irreg. at Br'ly Bt'dy
2-64
1-64 ad- 1-64:
decline.
vance.
Market,
1:45
P.
Market
Market,
4 p. M.
Irreg. at
4-64 de-
a
M.
Irreaular
i
)
and
Quiet.
unsettled.
cline.
Quiet but
8tead>
Barely Br'ly st'dy Steady at
1-64 adsteady at
at 2-64
vance.
:i-64 dec.
decline
Steady.
Quiet.
Steady.
of futures at Liverpool for each day are givfn
below, Prices are on the basis of Uplands, Low Middlir g
clause, unless otherwise stated.
The prices are given in pence and S^ths. Thus : 2 63 mear s
2 63-64d.. and 3 01 means 3 l-64(i.
The prices
D^
Sat.
men.
Taes.
\red.
Tliars.
Frl.
Aug. 12 (o
Aug. 18. 121a 1 1:45 4 1:45 4 1:45 4 1:45 4 1:45 4
P.M P.M, P M PH. P.M. P.M P.M. P.M. P.M. P.M. P.M. P.M.
August
Aug.-Sept.
8ept.-Oct. ..
Got.-Nov. . .
Nov.-Deo...
Dec-Jan....
Jan. -Feb
Feb.-Mch...
Mch.- April.
April- ^lay..
May- June..
June-July..
d
a
d
d
3 34 3 34 3 33 3 31
3 33 3 33 3 31 3 29
3 31 3 31 3 29 3 28
3 30 3 30 3 28 3 27
3 29 3 29 3 27 3 25
3 28 3 28 3 27 3 25
3 28 3 28 3 27 3 25
3 29 3 29 3 27 3 26
3 30 3 30 3 28 3 26
3 30 3 30 3 29 3 27
3 31 331 3 29 3 28
3 32 3 32I 3 30 3 29
d.
d.
d.
d.
25 3 23
24 3 22
23 3 21
21 3 19
20 3 18
20 S 18
20 3 18
21 3 18
21 3 19
3 23 3 24 3 22 3 20
3 24 3 25 3 23 3 20
3 25 3 25 3 23 3 21
3 27 3 27 3
3 25 3 26 3
3 24 3 25 3
3 23 3 24 3
3 22 3 22 3
3 21 3 22 3
3 21 3 22 3
3 22 3 23 3
3 23 3 23 3
d.
3
3
3
3
d.
d
21 3 21 3 24
20 3 20 3 23
18 3 18 3 21
17
17 3 20
16
16 3 19
16 16 3 19
16
16 8 19
16
16 3 19
17
17 3'iO
18
18 3 21
18
18 3 21
19
19 3 22
d.
3
23
18
19
3 19
320
NEW
28I3
Dec. delivery in elev
delivery in elev
The demand for wheat flour has been of only very moderate proportions, as the wants of the home trade have been
limited, jobbers as a rule confining their purchases to current
wants, and the export business has been limited, practically
341a
341^
34'^8
34%
3513
3478
3513
2838
2938
29 la
281a
'^814
if9i6
2914
28ia
2953
281a
2913
Oats for future delivery at the Western market have been
quiet and prices have barely changed throughout the week.
The tone of the market has held steady, as a good cash trade
has had a tendency to offset a fairly heavy crop movement
and fairly free offerings. Locally the spot market has been
fairly active, as both shippers and the home trade have been
buyers; prices have held to a steady basis. To-day the market was steady. The sales in the local spot market for export to-day were 110,000 bushels.
DAILY CLOSING PRICES OF OATS IN
YORK.
Wed. Thurs.
Sat.
Mon. Tues.
Fri.
26ia
26ia
No. 2 mixed in elev
27
27
27
261a
28ia
28ia
28
28
28
28
No. 2 white in elev
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Wed. Thurs.
Fri.
Sat.
Mon. Tues.
NEW
Sept. delivery in elev...
Deo. delivery In elev
May delivery in elev
19%
1^^
19%
19-8
1953
2138
19^8
1953
2114
I9ia
21i8
1958
2114
19%
19%
2138
2iai8
19"8
Rye has been dull, and with moderate offerings the market
Barley has been neglected and nominal
has lacked tone.
quotations have been unchanged.
Following are the closing quotations
:
Fine.
$2 10
2 35
2 15
2 70
2 90
3 10
-
Superfine
Extra, No 2
Extra, No. 1
Bakers" extra
Straights
Patent, spring.
(Wheat
...
'a>2
FLOUR.
25
Patent, winter.... $3 60
City mills, patent.. 4 05
40
55
Ryeflour.superflne 2 95
®2
@2
®^ 85
@3 30
®3 50
385 @4 55
®3 95
@4
®3
Buckwheat flour
Corn meal-
15
35
-s ....
Western, etc
2 10
Brandy wine
2 20
@2 15
®2 25
below those for barrels.)
GRAIN.
Corn, per bush—
c.
flour in sacks sells at prices
H<irdDulntti,No.l
N'th'nDuUUli.No.l
18, 1899.
34%
35
DAILY CLOSING PRICKS OF NO. 2 MIXED CORN IN CHICAGO.
Thurs.
Sat.
Mon. Tues.
Wed.
Fri.
30I3
30 !«
Sept. delivery in elev... 30%
3058
31
30%
Wheat, per bush.—
Friday, Aug.
34%
Dec. delivery in elev
delivery in elev
May
3 21
BREADSTU FFS.
76'78
;
3 21
3 20
3 18
17
17
17
75%
;
May
31032
31a
..
7109
75^8
76^8
Red winter. No. 2.
N'tlJOrnN. Y. No.l
Oat8-Mix'd,perbsh.
White
No 2 mixed
No. 2 white
c.
c.
82 ®><:-i%
7834®8034
7n%®79
77%®"9i3
26 a)2»
26 '5)34
26i3®27ia
28 a>29
Western mixed
No. 2 mixed
Western yellow
Western white
c.
37 ®40
37i4»40
38i4®40
38i3®40i4
Rye, per bush-
®60ia
Western
.56
State and Jersey
55 @59
42 ®50
37ia®40ia
Barley— Western
Feeding
:
.
August
1899
19,
.
THE CHRONICLE.
J
403
Government Weekly Gbain Report. Mr. James Berry, Satinets inactive. Overcoatings are firm with fair sales.
Chief of the Climate and Crop Division of the United States Cloakings dull; prices unchanged. Flannels are advancing.
Blankets firm but quiet.
Weather Bureau, made public on Tuesday the telegraphic
Domestic Cotton Goods. The exports of cotton roods
reports on the grain crops in the various States for the week
from this port for the week ending Aug. 14 were 10,288
ending August 14, as follows
packages, valued at |392,00.5, their destination being ti the
Weather.— Very favorable weather conditione prevailed during the points specified in the tables below
week in the Ohio Valley and generally in the Middle, South Atlantic
and East Gulf States, throughout the Central and Southern Rocky
1899.
1898
Mountain districts and on the Paolflc Coast. Drought prevails in the
New Yobk to Aug. 14.
lake region. Northern New England and portions of the Cenlower
Week. Since Jan. 1. Week. Since Jan. 1
tral and West Gulf States, while the lower Missouri, Bed River of the
North and Central Mississippi valleys have suffered from excessive Great Britain...... ...... ....
21
49
2,?54
1,378
rains, severe and destructive hall storms occurring In Wisconsin, Other Enronean
..
...
16
9
780
663
Minnesota and North Dakota. Rainfalls amounting to from one-half China
115,991
6,401
166,092
7.810
to more than one inch, remarkable for the season, occurred in Wash8 911
India
1,656
"250
ington and Oregon, and, although retarding harvesting In Oregon, Arabia
22,462
i'230
31.110
., ..................
and causing some damage to oats in Washington, were generally Africa
136
48
7.803
10.808
beneficial.
......
602
143
West Indies
..
20,036
8,894
Corn.— This has been another very favorable week for corn. Ex- Mexico
73
85
2,713
2.783
cept over Southern Missouri, Central Kansas and In Central and Central America.
127
122
4.544
6,977
Western Nebraska, where it needs rain, the crop has generally made South America.............. 1,496
474
30.407
31,527
—
:
decided advancement. It Is estimated that early corn In the princi- Other Countries
158
281
12.714
5.446
....
pal corn States of the central valleys will be safe from frost by September 15. and the late crop by September 30.
10,288
9,243
218,593
Total
277.356
Spring WHKAx.-Stacking and threshing of spring wheat has been
9,723
19,334
China, via Vancouver*...
generally delayed by rains, and violent hail storms in the Red River
Valley have caused a loss estimated at 2,000,000 bushels in North Da10.288
258,316
Total
296,690
9,243
kota.and about £0 per cent of the expected yield of 50,000 acres in
' From New un^iana mill points direct.
Minnesota, while high winds have lodged and shelled considerable
ripe grain In the first-named State.
York exports for the year to date
The value of the
Oats.—Oats in shock have sustained some damage from moisture In has been |9,936,593 in 1899, against |7,63 1,268 in 1898.
Missouri. Harvesting of this crop is now practically complete.
Although the export demand daring the week has been
Tobacco. The reports concerning tobacco continue favorable in
nearly all lobacco States. The crop has. however, sustained some quieter than for some time past, export grades of heavy
damaje from storms in New York and from too much rain in Southern cottons are tending upwards, occasional advances of i^c. to
Indiana, and has suffered from drought in Pennsylvania. Cutting is In
Four- yard sheetings
progress in the Ohio Valley and Middle Atlantic States, and will be J^c. being reported in Eastern makes.
general during the coming week in New York.
in good request by home trade and igC. higher. Fine yarn grey
Plowing.- Under the favorable conditions of the past month plow- goods are strong— l-16c. t^ igC. up. Ducks firm and frequently
ing for fall seedingis exceptionally well advanced.
In bleached cottons a good business has
5 per cent dearer.
Exports of Breadstuffs, Trovisions, Cotton and been done; low grades advanced igc. Wide sbeetiogs 5 per
PgTROLEDM. The exports of these articles during the month cent higher in mabes not recently advanced and scarce. Cotof July, and the seven months, for the past three years ton flannels and blankets firm but quiet. Denims well sold
have been as follows:
up and advanced %c. in some leading makes. Ticks firm
with more doing and other coarse colored cottons in average
1888.
1899.
1897.
demand at full prices. Business in fancy prints has been moderM»vort»
ate and fair in more staple varieties; prices steady. All styles
3.
from a.
7 Montht
July.
July,
July.
7 Montll*.
7 lionxht.
of ginghams are firm with unusually small stocks. There has
QuantitUt.
been no demand for regular print cloths; price firm at 2^40.
Wheat.bush. 9.108,613 60,645.103 7.618,401 69,735.577 8.887,49i 28,162,750 Odds freely bought and 1-1 6c. to
The Fall
Jgc. dearer.
867,«0
8,5!j9,896
1.363.279 10.886,704
1,177,878
Flour. ..bbl».
7.088,5t6
River print cloth mills have been asked by a syndicate for opWheat.... bu. ie.2SS,893 109,310,271 11,478,951 108,380.109 9,287,916 eo.0 61,387 tions up to Dec. 1 on their stocks at prices averaging about
Oorn...bash. 17,484,892 107,310,736 10,881,701 132.414,36- 12,360,850 116.418,200 $20 per share over current mill stock quotations.
New
—
Tot.bQBh.
32.723.285 216,621.007 22,360,658 240,8J4,477
VaXut*.
fh'tAflonr.
Corn* meal.
Bye
OatiA meal.
t
86,859,706
7.101.438
44,867.992
t
t
10,647.630 lll.7Ce.18fi
t
7.850,638
62,851.085
t
4,217,264
50,335.809
3.950.529
35,468,081
.
2.454.41:
459.475
6.C0?,63f
290,181
2.135.495
l,6«tf.6e8
6,630,53'
l,8e2,569
18.108,90r
1,530 668
5.960,b59
1,250,81
1,6-3,S61
810,8-<2
3,185,964
21.0R4.i:6 142,063,461
Br'dstnffs
125.t74
612,107
Barler
ProTlalons
I
11,875.704
21,648,266 176,469,587
16,737,158 182.818.400
13,932,801
99,111,533
17,761,686 114.10e,2>
12.895,p01 114,266,628
16,080.028 100,654,737
2,439,516 92,088,470
80,28
Ootton
C,443,()9c
89.026,760
2,828,669 109,867.480
Petrol'm.&o.
6,24&,519
32.717,50';
4,722.098
Tot value.
29,427,860
49.534.618 377.912.996 37.183,721 436,369,2fl3
'Includlni; cattle aad honsin all
moathsand
5,132.815
—
Foreign Dry Goods. Moderate demand in dress goods
and silks for fall; few orders received so far for next spring,
Ribbons irregular. Linens firm with moderate sales. Burlaps strong and generally J^c. dearer.
Importations and Warehouse Withdrawals of Dry Goods
The importations and warehouse withdrawals of drj goods
at this port for the week ending August 17, 1899, and since
January 1, 1899, and for the corresponding periods of last
year are as follows:
38.725,128
37,564,160 325.574,868
H
s>
^5
a
s
^ Sg
s
s
-gccQ^^g
years.
9
5
S
•
NoTB.— All the above
etarnslssued by
figures are based on the monthly preliminary
the Bureau of Statistics, and cover about 98 per cent
of the total exports.
JE^ For other tables usually g^veii here sec page 367.
B
Si
•
•0
'
0',
%
THE DRY GOODS TRADE.
New
York, Friday, P. M., August 18, 1899
The market has been well attended this week and a good
general business is reported in both the primary market and
jobbing circles. In the former sales of cotton goods could
have been still larger if business had not been to some extent
checked by lack of ready supplies in a number of directions.
This scarcity of merchandise is marked in all leading makes
of staple cottons, and there are no indications of near relief.
Production is so well under control of orders booked that the
probabilities are rather in favor of the difficulties in the way
of buyers securing all the goods they need for their fall busi
ness increasing, irrespective of th^ course of prices. There
have been changes in the latter during the week, all advances, as noted below, and the tendency is still upwards.
The renewed decline in raw cotton and the large crop esti
mate issued by Mr. Neill have had no effect upon goods.
The woolen-goods division of the market is also strong, on an
active demand for men's- wear fancies beicg the chief feature
of the week.
Ont-of-town reports continue encouraging, a
liberal distribution of all descriptions of merchandise being
in progress.
Woolen Goods. — There
has been an active demand for
men's-wear woolen and worsted fabrics this week. Worsted
fancies have sold extensively and a good business has been
done in woolen fancies. The American Woolen Co. opened up
their fancies this week, releasing a demand which had been
awaiting that action. Their prices show advances of 5 to
7>^ per cent in the worsteds, but the woolens are barely
higher than last season, Staple worsteds are very strong, and
a number of lines are withdrawn from sale. Piece-dyed woolens
i n fair demand.
Cotton-warp cassimeres without change.
•of
00
m
W
M
b
fO
w
0<i
U>OD
1
i
,^i
:
:
:
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:
:
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:
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oocococ;!
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coc;'Mto-j
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50^
c;i:^cdi^oo
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CO 00 CO 10 »J
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(T
THE CHRONICLE.
404
gTilTE
m^
CiTY B^f/^iPTWrEWT,
^^^^V^'^'W^^
LXIX.
heard at Richmond last spring, the decision only just being
handed down. Coler & Co., it is stated, will probably appeal
to the Supreme Court of the United States.
TERMS OF SUBSCRIPTION.
The Investors' Supplement
[Vol.
Bond
Calls and Redemptions.
famished loithout
Chicago (III.) Sanitary Jiistrict,— Warrant CaW.— Joseph
extra charge to every annual subscriber of the Commebcial F. Haas, Clerk, called for payment August
15, 1899. warAND Financial Chronicle.
rants Nos. 595 to 691, inclusive, issued against the tax levy
The State and City Supplement will al&o be furnished of 189S. Payment will be made at the Chicago National Bank.
without extra charge to every subscriber of the Chronicle.
Clearfield County, Pa.— Bond Call. The Board of County
The Street Railway Supplement will likewise be fur- Commissioners called for payment August 10, 1899, at the
nished ivithout extra charge to every subscriber of the office of tne County Treasurer $12,000 bonds issued Sept. 2,
1899.
Chronicle.
to 329, inclusive.
The Quotation Supplement, issued monthly, will also be $100 bonds Nos. 289 to 19S, inclusive. $500 bonds Nos. 2l6 to 248, inclusive.
500 bonds Nos. 188
300 bonds Nos. 173 to 175, Inclusive.
of the
furnished loithout extra charge to every subscriber
Colorado Springs, Col. Bond Call. Moses T. Hale, City
Chronicle.
Treasurer, has called for payment Sept. 10, 1899, at the
TERMS for the Chronicle with the four Supplements Chemical National Bank, New York City, or at the office of
above named are Ten Dollars per year within the United the City Treasurer, eighty-five $1,000 Q% bonds, Nos. 1 to 85,
States and Twelve Dollars in Europe, which in both cases inclusive. These bonds, issued for water- works purposes on
includes postage.
March 1, 1889, mature March 1, 1904, but are now subject to
will be
—
I
I
—
call.
Terms
Multnomah County, Ore.— Warrant Call.— Ralph
of Advertising— (Per Inch Space.)
W.
Hoyt, County Treasurer, has called for payment county war1 3 times)
.$29 GO
Transient matter (each time) $4 20 Three Months
times)
STANDING BUSINESS CARDS.
Months
50 00 rants, classes 35 and 86, drawn upon the general fund, that
Six
(26
Two Months (8 times)
87 00 were presented and indorsed "Not paid for want of funds
$22 00 Twelve Months (52 times)
from June 1, 1898, to July 10, 1898, both dates inclusive. Interest on these warrants ceased on August 7, 1899.
Grossdale (Tillage), Cook County, \\\.—Bond Litigation.
Otoe County, 'Seh.—Bond Call.— The county has decided to
The Chicago " Record " states tnat on August 1*, 1899, call for payment $22,000 of the $50,000 bonds issued April 1,
mandamus proceedings were begun in the Circuit Court in 1889. This reduces the county's debt to $463,000.
the name of Arthur J. Stanford, T. P. Phillips and the MortUpshur County, W. Ya.—Bond Call.— J. J. Morgan, Coungage & Debenture Company (Limited), holders of bonds ag- ty Clerk, has called for payment Sept. 1, 1899, at the Buckgregating $57,000 issued by the village of Grossdale in 1895 bannon Bank, bonds Nos. 89 to 102, inclusive, issued in aid
to provide for the improvement of the village streets, to com- of the Buckhannon & West Fork Railroad.
pel the village board to levy special assessments against the
property owners of the village for the payment of the bonds.
Proposals
Negotiations this
Nassau County, N. Y. Injunction Discontinued. —On Aug.
14, 1899, Justice Stover, in the Supreme Court, denied a mo- week have been as follows
tion to continue the temporary injunction recently obtained
Angels School District, Calaveras County, Cal. Bond
by S. F. Hewitt, a taxpayer, to restrain the county oflacials
from delivering to Seymour Bros. & Co., New York, the Sale.— This district sold on July 25, 1899, $10,000 1% 1-5-year
$100,000 court-house bonds recently awarded to that firm. (serial) bonds to John A. Pirtle & Co., Los Angeles, at
108*75.
Following are the bids
No opinion was handed down with the decision.
104-63
E. D. Shepard & Co.. N. Y
suit has been instituted against the Board of Jno. A. Pirtle&Co., Los Ange. 108-76
Another
100-85
103-20
Isaac Springer, Pasadena
H. A. Conger, Los Angeles.
Supervisors by William H. Hamilton to prevent the delivery Oakland Bank of'Savings
106-76
of these bonds, the former suit having been discontinued on
Securities are in denomination of $500, dated Sept. 1, 1899.
account of a technicality.
Interest will be payable yearly at the office of the County
New York City. Queens County Zn^eres^— Treasurer Treasurer.
Phippsof Queens County has mailed checks amounting to
Arkansas, Bonds Re-issued, The Little Rock "Q-azette"
$97,044 62 for deferred interest on Queens County bonds and on August 9, 1899, stated that $1,085,200 State bonds and inone for $15,000 to pay principal of bond now matured. The terest coupons had been exchanged for a like amount of i%
apportionment of interest as agreed upon between Comp- bonds under the funding Act passed by the last Legislature.
troller Coler, Treasurer Phipps of Queens County and Treas- The bonds taken up were as follows
490 Loughborough
urer Eastman of Nassau County was based on the decision of bonds for $1,000 each, $490,000; interest (less $42,810, which
Ex- Justice Charles F. Brown, as given in the Chronicle July is to be paid), $301,440; 129 6 per cent funding bonds of the
15, 1899, and makes Nassau County's share about $23,500 issue of 1869 and 1870 for $1,000 each, $129,000; interest,
and Queens County's share about $88,500, with interest.
The bonds were held in the
$164,760: total, $1,085,200.
Interest Payment by Checks. City Comptroller Coler has State School Funds,
decided to mail checks for interest when due to the holders
Augusta, Gra.— Bond Offering. Proposals will be received
of the bonds or their duly authorized representatives, in- at any time by the Chairman of the Finance Committee for
stead of payment being made at the City Chamberlain's $66,000 Z%% refunding bonds. Securities are in denominaoffice.
tion of $1,000 and mature Nov. 1, 1929.
Oxford, N. C. Bond Litigation. An "Associated Press"
Augusta, Me.— Bond Sale.— Oa August 14, 1899, the $40,dispatch from Richmond, Va., states that on August 11, 000 3^^ 25-year funding bonds were awarded to the Augusta
1899, Judge Goff, in the United States Circuit Court of Ap- Savings Bank, Augusta, at 107 835.
Following are the bids:
peals, filed an opinion in the case of the Board of Commis- Augusta Savings Bank
105-635
107-835 N. W. Harris &. Co., Boston
.107-72
Blodget. Merritt & Co.. Boston. 101-81
sioners of Oxford, N. C, vs. The Union Bank of Richmond, Jose, Parker* Co., Boston.
107-27
103-20
Adams & Co., Boston
Denison, Prior & Co., Cleve
Va., reversing and remanding the case, with instructions to Swan, Barrett & Co., Portland.. 105-71 E. H. Rollins A Sons, Boston... 103- 150
set aside the order awarding a writ of mandamus and then
For description ot bonds see Chronicle August 12. 1899,
dismiss the complainants' bill.
p. 35 D.
A history of this case was given in the Chronicle Nov. 26, Baker County (Ore.) School District No. b.—Bond Offer1898. The bonds were issued in 1892, and two years later ing.— Yxxrthex details of the $15,000 h% bonds offered for sale
their legality was questioned on the ground that the election August 20, 1899, are at hand. Proposals for these bonds
was held without authority of law, as the Act of the Legis- will be received until 12 M. on that day by A. C. McClellature authorizing the election was passed irregularly. The land County Treasurer. They will be in denomination of
State Supreme Court in 1895 declared the bonds invalid, $1,0.^0, dated August 20, 1899. Interest will be payable
which decision was reversed in the Uniteti States District semi-annually at the office of the County Treasurer. PrinCourt in 1898.
cipal will mature 20 years from date of issue, subject to call
Portland, Ore.— Warrant Litigation. The "Oregonian" after 10 yeare. A certified check for S150, payable to the Dison August 9, 1899, contained the following statement relative trict Clerk, will be required. The total indebtedness of the
to warrants issued some time ago for street improvements
The assessed valdistrict, including this issue, is $35,000.
holders of warrants issued by the city for ttie Improvement of Sixth uation is about $1,000,000 and the population 700.
The
Street are about to beKin suit against the city to recover on their warrants.
Ballston Spa (Village), Saratoga County, N. T. Bond
After the street was Improved a number of the property owners interested,
Proposals will be receeived until 12 m. Oct. 1,
assessments amounting to some f20,00u, brought suit to enjoin Offering.
representing
the city from Issuing or paying the warrants, alleging that the city had not 1899, by C. O. McCreedy, Jr., Village Treasurer, for $50,000
acquired jurisdiction In the matter of improving the stieet. This case is now
Securities will be issued under Chapter 414,
berore the Supreme Court. As six years will soon have elapsed since the war- water bonds.
rants were issued, the holders thereof are afraid they may become outlawed
Section 129, Laws of 1897. They are in denomination of
before the case in the Supreme Court is decided, and so will begin suit to Iteep
$5U0, dated Nov. 1, 1899. Principal will mature $2,000 yearly
their claim valid. If the Supreme Court should decide that tiie city had not
acquired jurisdiction in regard to the improvement of the street, then it had on November 1 from 19C4 to 1928, inclusive.
Bonds will be
no right to issue the warrants, and the outlook for the holders thereof will be
sold to the person or persons who will take them at the lowest
a gloomy one.
not exceeding b%. A deposit of \Q% of the
Decision Reversed.— A dispatch to rate of interest,
Stanlj County, N.
purchase price will be required immediately upon receipt of
the Raleigh "News and Observer," dated August 11, 1899,
notice of award.
states that the case of the Commissioners of Stanly County
Bellefontaiue, OMo.—Bond Sale.— On August 15, 1899,
against Coler & Co. was reversed and remanded with direc$1,213 20 6^ 110-year (aerial) street-improvement bonds were
tions to dismiss the bill. Coler & Co. (see Chronicle Dec.
awarded to Seasongood & Mayer, Cincinnati, at 105 01. Fol25, 1897, and Jan. 22, 1898,) filed a bill inequity before Judge
lowing are the bids
Simonton to enjoin Stanly County from repudiating its in- Seasongood * Mayer, Cincin..*l,274 00 Lamprecht Bros. Co. Cleve... f 1,247 28
debtedness on the county bonds. Judge Simonton decided in Pejple's Nt.B'k, Btellefont'ne 1,200 07
favor of Coler & Co. The county appealedjthe case and was
Bonds are dated August 1, 1899.
(
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—
Bond
and
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August
19,
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:
THE CHRONICLE.
1899.]
405
Belvidere, lU.— Bond Sale— On Angust 1, 1899, the|9.000
6^ fire station bonds were awarded to the People's Bank of
Belvidere at 105-277. Bonds mature $1,800 yearly on May 1
from 1900 to 1904, inclnsive.
Cbatfleld (Minn.) School District.— Bond Sale.—
are
advised that the $4,500
school-house bonds mentioned in
last week's Chronicle have been sold to the State.
Chicago, III -Bond Sale.— On August 17, 1899, the $228,000 d}/^% 20- year gold refunding bonds were awarded to the
Merchants' Loan «fe Trust Co., Chicago, at 10612. Following bide were received
Grainger County, Tenn.— Bonds Defeated.— At the election held August 10, 1899, this county voted against the issuance of $50,000 bonds in aid of the Knoxville
Bristol Railroad.
Grant's Pass, Ore.— Bonds Proposed.- petition is being
circulated requesting the City Council to issue $5,000 sewer,
water and light bonds.
Greene Connty (P. 0. Bloomfleld), Ind.— Bowd Offering.—
Proposals will be received until Sept. 5, 1899, by C. C. Ballard, County Treasurer, for $32,000 4}4^% 20- year gravel-road
MerchantB' L'n & Tr.Co., Chic. 106-12
First Nat. Bank, Chicago
10580
FarsoD, Leach & Co.. Chicago.. .I05*i0
Greene Connty, Va.— Bond .Etecfton.— An election will be
held on August 22, 1899, to vote on the question of issuing
$15,000 5^ 30- year bonds in aid of the Rockingham & West
Virginia Railway, Mining
Manufacturing Co.
are
advised that the bonds (if voted) will not be issued until the
road is completed and that they will then probably be turned
over to the company for disposal.
Greenspring, Ohio. Bond Offering.— FronoBals will be
received until 7 p. m. August 28, 1899, by Harry W. Robinson, Village Clerk, for $15,000 5% street-improvement bonds.
Securities are issued under authority of sections 2705 and
2835, Revised Statutes of Ohio.
They are in denomination
of $l,f 00, dated August 1, 1899. Interest will be payable
annually at the Commercial Bank of Greenspring and the
We
H
:
Mason, Lewis
&
105'173
Chicago
m. Tr. & Sav. Bank. Chicago. .10616
104-48
State Bank of Chicago
Co.,
For description of bonds see Chronicle July
15, 1899, p.
Cleveland, Ohio. Date of SaZe.— Proposals will be received until 12 M. Sept. 6, 1899, by Chas. P. Salen, City Auditor, for the $291,000 4% sewer, funding and bridge bonds, a
description of which was given in the Chronicle Augu&t
12, 1899.
Colnmbns, Ohio. Bond Issue.— The Sinking Fund Trustees
have taken the $6,500 A% 4-10-year (optional) Neil Street improvement bonds which were recently authorized by the
City Council.
&
A
bonds.
&
We
Coqnille City, Ore.— Bond Sale.— We are advised that the principal will mature one bond yearly. A certified check on
20-year water-works bonds mentioned in the Chron- the Commercial Bank of Greenspring for $200 will be reicle July 22 have been sold.
quired with bids.
Davenport, Wash.—Bond SaZe.— The $14,450 6% 20 year
Greenville. Ohio.— Bond Offering.— It is stated that progold water-works botds mentioned in the Chronicle July posals will be received until September 14, 1899, for $66,000
22 have been awarded to Roberts Bros., Spokane, at 106 92.
4% 15-year street improvement bonds.
Denver, Col.— Bond Sale.- On August 10, 1899, but two
Harrison, N. 3.— Bonds to ie Be-advertised.-At a meetbids were received for the $400,000 4% 10-15 year (optional) ing of the Common Council held August 15, 1899, a resoluauditorium bonds, as follows
tion was passed (upon the advice of Counsellor Barrett) diW.J. Hayes* Sons, Cleve
103442 E. H. Rollins & Sons. Denver... 10101 recting the return to W. J. Hayes & Sons, Cleveland, of
For description of bonds see Chronicle July 29, p. 245.
$5,000— the amount of the certified check accompanying
Detroit, Mich.— Bonds Authorized.— The Water Board has their bid for the $300,000 refunding bonds awarded to them on
passed a resolution providing for the issuance of $100,000 4^ July 18, 1699. The firm had two bids in. one from the Cleve30 year refunding bonds.
land house and one from the Philadelphia house, and they
Dodge County, Neb.— Bond Sate.— This county on August therefore refused to take the bonds, claiming that the bids
conflicted.
9, 1899, sold to Mason, Lewis & Co., Chicago, $44,000 4% reSee Chronicle July 22, 1899. Bonds will be refunding Fremont Precinct bonds and $26,000 4% refunding advertised.
court- house bonds at 100'74. Securities are in denomination
Hawkins Connty, Tenn. Bonds Voted.-Thia county has
of $1,000 and mature Sept. 1, 1919, subject to call after Sept. voted in favor of $100,000 4% bonds in aid of the Knoxville &
The bonds to be retired amount to $50,000 for each Bristol Railroad. Bonds will be issued when road is com1, 1909.
issue, the difference ($30,000) being paid out of the sinking pleted.
funds.
Hebron, Thayer County, Neb.— Bond Ojfmngr.— Proposals
Elmwood Place, Ohio.— Bond Sate.— On August 9, 1899, will be received until August 22, 1899, by B. A. Young, City
the $5,000 4% 10-year refunding bonds were awarded to Briggs, Clerk, for $24,000 4% 5-20 year (optional) refunding waterTodd & Co., Cincinrati, at 104-85. The following bids were works bonds. Bonds are dated Oct. 1, 1899.
received
Hibbing, Minn.— Bond Sate.— On August 8, 1899, the $12,000 15-year gold bonds were awarded to the State of MinneBriggs, Todd* Co., Cincin
104 85
R. Kleybolte & Co., Cincinnati.. 102-10
German Nat. Bank, Cincin
104-26
sota, they agreeing to take a 4% bond which shall be subject
For description of bonds see Chronicle July 15, 1899, p, to call $2,000 yearly after five years. Following are the bids
$5,0<iO
:
|
:
143.
received for 5% bonds, as advertised
Faribault, Minn.— Bonds ^M^/iort^ed— The City Council
has authorized the issuance of $5,000 4% refundine railroadaid bonds. It is stated that 100-76 has been offered for the
bonds.
Freeport, 111.— Bond Sate.— The German Insurance Co. of
Freeport has purchased $22,500 4% 8 12-year bonds at 104*50.
Gallatin, Tenn. Bond Election. The election to vote on
the question of issuing $5,C00 water- works bonds will be held
Kane&
—
Duluth Trustee. Duluth. ... $12,2^0 00
E. D. Shepard ft Co., N. Y.... 12,120 00
Trowbridge, MacDonald
Niver Co.. Chicago
S. A. Hean, Chicago
Denison, Prior
Minneapolis
&
W.J. Hayes* Sons,
12,319 00
12,300 00
:
First Nat. Bank. Chillicothe.. 1.16,921 00 Lamprecht Bros. Co.. Clev.. .|15,000 00
Beasongood A Mayer, Cincin 15,.- 15 30 S. Kubn « Sons, Cincinnati.. 14,978 00
.
Briggs.
Todd &
Co., Cincin.
Denlson, Prior & Co.. Cleve .
Feder, Holzman A Co.. Cin. ..
W. J. Hayes & Sons. Cleve.
New Ist Wat. Bk., Columhus..
.
.
For description
of
.
15,-.i25
R. Kleybolte & Co.. Cincin.
14,8H0 00
Ohio Valley Bank, Gallipolis, 14,700 00
W. Harris 4 Co., Chicago. 14,BC1 00
00
.
16,?18 On
16,187 90
16,05'
.
N.
The Claude Ashbrooke
00
]5,u22 80
Co..
Cincinnati (for 4% bonds).
bonds see Chronicle
May
.
13,455 0«
20, 1899, p.
988.
Glenvllle, Ohio.— Bond O^ering.— Proposals will be received xmtil 12 M. August 80, 1899, by Ira C. Farley, Village
Clerk for the $21,000 5% 20 year water bonds which were authorized on July 15. 1899, by a vote of 158 to 44. Secarities
are in denomination of $500, dated Oct. 1, 1899. Interest
will be payable semi-annually.
Goshen Township School District^ Tuscarawas County,
Ohio.— Bond OiTmni/.— Proposals will be received until 12
M. August 21, 1899, by A. A. Stermer, Township Clerk (P. O.
New
Philadelphia), for $8,000 5% bonds. Securities are in
denonoination of $500. Interest wiU be payable annually.
Principal will mature one bond each six months, beginning
March
1, 1903.
(serial)
bonds were awarded to Denison, Prior
Follow ing are the bids
land, at 106-45.
&
Co., Cleve-
n«nlaon. Prior ft Co., Cleve
10«-46
John D. Kreritt ACo., N.
Bertron & Storrs, New Yorh....iC6-«76 8. A. Kean, Chicago.
r«nn«rs' A Mech.B'k.Lockpot. 106-26
I
'
I
T
KO-26
100-26
I
00
Claude Ashbrooke Co., ancin.. 104-26
Mason, Lewis & Co.. Chicago. 10266
10000
S. A. Kean, Chicago
.
.
I
.
.
Jackson County, Miss.— Bonds Authorized.-On August
10, 1899, the Board of
$8,000 jail bonds.
Supervisors authorized the issuance of
Jefferson (Tillage), Ohio.— Bond OJTeringf.—Proposals
will be received until 1 p. m. Sept. 11, 1899, by D. L. Crosby,
Village Clerk, for $4,500 5^ building bonds. Securities are
Interest
in d-nomination of $500, dated September 4, 1899.
will be payable March 4 and September 4. Principal will
mature $500 yearly on Sept. 4 from 1901 to 1909, inclusive.
All bids must be unconditional, and a deposit of $500 or
a certified check for that amount will be required with each
proposal.
Kennett Square (Pa.) School District— Bond Jssne.—The
Philadelphia "Public Ledger
reports that the School
Board has made arrangements to refund $10,000 4i;^^ bonds
with a like amount of 3J^ per cents.
Lac qui Parle Countj (P. 0. Madison), Minn.— Bond Sale.
—On August 8, 1899, the $30,000 d}4i court-house bonds were
awarded to G. Eliason, Montevideo, at 100'766. Following
are the bids
'
:
G. Eliason, Montevideo
Minn. Loan ft Tr. Co.. Minn..
Chas. H. Coffln, Chicago
And
•$80,230
*80,225
30,076
I
Uenison. Prior
.
ft
Co., Cleve.... 'tSO,©*©
I
Kane 4 Co.. Minneapoll.s
W. J. Haves * Son*. Cleve
I
.
Dulnth Trntt
I
Co.,
Duluth
'SS-SSx
28.700
87.(100
blank bonds.
Bonds mature $15,000 on August
8,
thereafter.
For full description of
July 29, 1899. p. 246.
— Propoeals
Andrew
and $3,000 yearly
bonds see Chronicle
1904,
Putnam County, Ohio.—Bond Offering.
will be received until 12 M. Sept. 5, 1899, by
A. Kober, Village Clerk, for |7,000 6% street-im-
Leipsic (Village),
:
106-41
•10404
And blank bonds.
*
Gowanda (N. T.) Union Free School District No. 1.—
Bond Sole.— On August 14, 1899, the $6,000 4% 15-20-year
Cleve... 12,020 00
Co., Cleve.. 11.760
ft
For description of bonds see Chronicle July 22, p. 196.
Ionia, Mich.- Bond Sate.— On August 11, 1899, the $30,000
S^% 10-20 year (optional) refunding water- worhs bonds were
awarded to Denison, Prior & Co., Cleveland, at 100- 16. For
description of bonds see Chronicle August 12, p. 352.
Ironwood (Mich.) School District.— Bond Sate.— On Aug.
10, 1899. the $10,000 4li% 10-year bonds were awarded to
Rudolph Kleybolte & Co., Cincinnati, at 106-41. Following
on August 24, 1899.
Gallia County, Ohio.— Description of Bonds.— The $60,000
turnpike bonds (which we stated in the Chronicle on Aug.
5 had been sold at 105) bear 5% interest, payable semi-annually at the office of the County Treasurer. Bonds are in de- are the bids
nomination of $500, dated July 28, 1899, the date of sale. R. Kleybolte 4 Co., CinclD
W. J. Hayes & Sons, Cleve
Principal will mature July 28, 1919.
Gallipolis, Ohio.—Bond Sate.— On August 10, 1899, the
highest bid received for the $13,000 5^ 20-year bonds was
that of the First National Bank, Chillicothe, at 122-47. Following are the bids
:
113,260 00
G. M. Brinkerhoff. Spr'gfleld.. 1-^506 60
Co..
THE CHRONICLE.
406
[Vol. LXIX.
As stated August 5, 1899, The Carson National Bank got
provement bonds. Securities are issued pursuant with sections 2272, 2704 and 2705 and amendments thereto of the the bonds.
Revised Statutes of Ohio. They are in denomination of $700,
New Orleans, La.— /Sez^jerage Amendment Passes Senate.
dated August 15, 1899. Principal will mature |700 yearly on On August 11, 1899, the State Senate passed unanimously the
August 15 from 1910 to 1919, inclusive. With each bid will proposed amendment to the State Constitution permitting
be required a deposit of $5C0 in cash or a certified check for New Orleans to incur indebtedness for water, sewers and
drainage purposes.
that amount.
North Arlington, N. J.— Bond SaZe. —The sale of $5,000
Liberty Township (P. 0. Goodrich), Linn County, Kan.Bond Sale.— This township has issued through Helley Foote street improvement bonds is reported.
& Co. of Topeka $25,000 5^ refunding railroad bonds. Bonds North Carolina.— Bond Sale.— On August 16, 1899, the
are in denomination of $1,000 and mature yearly on January $60,000 4% bonds were awarded to the Wachovia Loan &
las follows: $1,000 from 1905 to 1915 and $2,000 from 1916 Trust Co., Winston, at 108"7o. Following are the bids re-
—
to 1922, inclusive.
ceived
Wacbovia Ln. &
:
Lima, Ohio— Bond Sale— On August 7, 1899, the $76,000
4:% paving bonds were awarded to the German National Bnnk,
Cincinnati. Bids for these bonds were received on July 31,
A
1899, but the award was not made until the above date.
full description of the bonds will be found in the Chronicle
July 15, 1899, p. 144.
McMullen County, Texas. Bond Sale. The county has
sold to the State School Fund at 102 the §3,500 brUge bonds
recently approved by the Attorney-General. Bonds are in
denomination of $700 and mature in 1939, subject to call
D. Y. Cooper,
A. S.Worth.Buena Vista (f500).105-00
J. N. Williamson, Blon College
Tr.Co.,Wins'n.l08'75
Henderson
(for
If 8-425
$10,0001
Raleigh Savings Bank
Denison, Prior & Co., Cleve
C.H. Coffin, Chicago
107-60
105-60
105-00
($2,100)
H. N. Grandin
S.
New York
New York
F. Gascoigne,
Lamprecht Bros.
105-00
lOi-85
101-65
Co., Cleve... .104-eO
Bonds mature January 1, 1900. For description of same
see Chronicle July 22, 1897, p. 197.
Norwalk, Ohio.— Bond iSale.— On August 8, 1899, the
$9,787 5% 1-10-year (serial) street-improvement bonds were
awarded to Denison, Prior & Co., Cleveland, at 106'55. The
only other unconditional bid received was one for $10,351
after 1904.
from the Huron Banking Co., Norwalk. Conditional bids
Manslleld, Ohio. Bond Offering. Proposals will be re- were received from the following
Rudolph Kleybolte &
ceived between the hours of 10 a. m. and 2 p. m. August 81, Co., Cincinnati,
$10,479; The Lamprecht Bros. Co., Cleve1899, by F. M. Remy, City Clerk, for $550 6^ 1 and 2-year land, ."^10,474, and
For
S. A. Kean, Chicago. $10,288 50.
street-assessment bonds. Securities will be in denomina- description of bonds see Chronicle July
22, p. 197.
tions of from $50 to $300, and interest will be payable annuOberlin, Ohio. Bond Offering. Proposals will be really.
Each proposal must be accompanied by a certified ceived until 2 p. M. Sept. 5, 1899, at the office of the Mayor,
check for $50. Bonds are issued pursuant to sectiono 2703 or $200 5% sewer bonds. Securities are in denomination of
to 2707 and 2709, Revised Statutes of Ohio.
$1C0, dated Sept. 5. 1899, and will mature one bond in three
Martin's Fei-ry, Ohio.— Bonds Re-awarded.— The $10,000 and one in six years from date of issue. Interest will be
4^ sewer, $3,51 b% fire department and $8,65u 5^ sewer bonds, payable semi-annually.
awarded last month to The Lamprecht Bros. Co. Cleveland,
Orange County, Ind Bond Sale. The Second National
have been awarded to the National Exchange Bank of Steu- Bank of New Albany has purchased $11,000 5% 10-year bonds,
—
—
:
—
•
—
,
benville at 100-44,
Massillon, Ohio.— -Bond Oj^eringf.— Proposals will be received until 12 M. Sept. 10, 1899 (so in advertisement), by Thos.
H. Seaman, City Clerk, for $7,000 4.}4t 1-5-year (serial) West
Tremont Street improvement bonds, to be issued in denomination of not less than $400.
Interest will be payable
March 10 and Sept. 10 at the office of the City Treasurer.
Mattoon Township, 111. Description of Bends.— We
stated last week that an election would be held on August
22, 1899, to vote on the question of issuing refunding railroad-aid bonds. These bonds, if voted, will be $50,000 in
amount and will bear 4% interest, payable semi-aniiually.
They will be in denomination of $1,000, maturing 20 years
from date of issue. A. Y. Hart is Town Clerk.
Melrose, Wis.— Bowd Election.— An election will be held
August 26, 1899, to vote on the question of issuing $9,500 5%
bonds as a subscription to the stock of the La Crosse Black
River Falls & Peillsville Electric Railway Co. Bonds, if
authorized, will be in denomination of $500 and will mature
January 1, 1915, subject to call at any time. Interest will be
payable annually at the Batavian Bank of La Crosse.
Milwaukee, Wis. Bond Oj^enn.a.— Proposals will be received until 10 A. M. August 25, 1899, by the Commissioners
of the Public Debt, care of John R. Wolf, Comptroller, for
$160,000 S}4% 1-20- year street-improvement bonds. Securities are in denomination of $1,000, dated July 1, 1899.
Interest will be payable January 1 and July 1.
Mount Morris, N. Y.—Pro&a6?2/ No Bond Jsswe— We are
advised by C. W. Bingham, Town Treasurer, that indications now are that the $30,000 bonds (recently authorized
for the building of a new power dam) will not be issued, as
an outside corporation proposes to construct the dam.
Mount Vernon, N. Y.—Bond Sale.- Following are the bids
received on August 14, 1899, for the $40,OCO 5% 6-year assessment bonds and $4,000 6^ 6-year redemption bonds, dated
August
1,
1899
:
D. Bveritt 4 Co., N. V
..106-71
109-no
Walter Stanton & Co., V. Y
Farson. Leacb & Co., New York.l09-6'<!6 R. Kleybolte & j (f or $40,000)... 109-00
Allen, Sand & Co., New York.... 109'56
Co.. N.Y.. ..((for $1,000)... lO-^-SO
N. W. Harris & Co., New York. 109-27
Bertron & Storrs, New York.... 108-78
John
I
—
according to reports.
Orland Special School District, Glenn County, Cal.—
Bond Offering.— Proposals will be received until Sept. 4,
1899, by the County Treasurer for $1,200 Q% gold 1-6-year
(serial) school building repair bonds.
Securities are in denomination of $100, dated Sept. 1, 1899.
Perth Amboy, N. S.— Bonds Awarded.— The $40,000 4% 10vear tax-arrearage bonds have been awarded to Rudolph
Kleybolte & Co., New York, at 101-25, the bid of 104-25 by
Briggs, Todd & Co., Cincinnati, having been withdrawn.
Pleasanton, Cal. Bonds Proposed. This place is consid
ering the issuance of $20, COO water- works bonds.
Raton (N. Mex.) School Dislrltt.— Bond Issue. This district has contracted for the sale of $15,000 Q% 20-year school
bonds, which were voted on July 18, 1899.
Red Jacket (Village), Houghton County, Mich.— Bond
Proposals will be received until 10 a. m, August
Ojffering.
26, 1899, by W. W. Ellis, Village Clerk, for $24,000 4}4i bonds.
Securities are in denomination of $500; interest will be payable semi annually at the National Bank of the Republic,
New York City. Principal will mature $8,000 yearly on
July 1 from 1903 to 1905.
Richland County, Ohio. Bonds Authorized.— The County
Commissioners have authorized the issuance of $20,000
bridge bonds. Securities will be offered for sale in the early
part of September.
Ridley Park (Borough), Pa.— Bond Election.-This borough will vote at the November election on the question of
issuing $14,000 bonds.
Rochester, N. Y.— Bonds Authorized —The Council has
authorized the issuance of $500,000 Z]/^% bonds to fund outstanding notes and acceptances issued for local improvements.
Rockford, 111.— Bond Sa/e This city (not Rockport, as
some papers have it,) sold on August 2, 1899, |5,0004$g refunding bonds to a local investor at 102 40. Securities are dated
—
—
—
«
August
1,
1899,
—
and mature August
1,
1907.
Interest will be
payable semi-annually.
St. Joseph (Mo.) School District.— Bond -BZecfion.— An
Edw. r. Jones & Co., New York l('9-265 G. M. Hahn, New York
lo8-6rt
election will be held to day (August 19, 1899,) to vote on the
Seymour Bros. & Co., N. Y
109-07
E. H. Gay & Co., New York
lOl'OO
W. J. Hay es & Sons. Cleve
109*00
question of issuing $10,000 school- house addition bonds. As
bonds,
Bonds were awarded to John D. Everitt
Co., New York the money is nteded at once, we are advised that the
if authorized, will probably be sold at private sale.
City.
St. Peter, Minn.— Bond O^ering.— Proposals will be re^ Mower County (P. 0. Le Roy, Minn.,) School District No.
•5.
Bond Ojjering Bond Safe.— Proposals will be received ceived until 8 P. M. August 24, 1899, by Henry N. Benson,
until 8 p. M. Sept. 1, 1899, by the Board of Education for City Clerk, for $7,000 5^ bonds. Interest will be payable
$7,500 4% lO-year bonds. Securities are part of an issue cf semi-annually at the Chase National Bank, New York City.
$13,500, of which $6,000 have been purchased by the State of Principal will mature $2,C00 Sept. 1, 1900, and $5,000 Sept.
Minnesota. They are issued under authority of Section 3806, 1, 1912.
San Justo School District, San Benito County, Cal.—
Ijaws of 1894, and Chapter 103, Laws of 1899, and were
authorized at an election by a vote of 152 to 4. Bonds are Bonds Defeated.— AX &n election held last month this district
dated Sept. 15, 1899. Interest will be payable January 1 and voted against the issuance of bonds.
Sardis, Miss.— Bend Offering.— Proposals will be received
July 1
The district has no other debt. The assessed valuauntil 7:30 p. M. Sept. 5, 1899, by C. W. Duval, Town Clerk,
tion is $183,000 and the population 1,000.
Nassau County, N. Y.—Loan Authorized. The County for $12,000 5% 20 year water- works bonds. Interest will be
Board has authorized a loan of $24,000 for the purpose of payable annually.
Shawnee (Okla.) School District.— Bond SaZe.— This dispaying Nassau County's share of the interest on the bonds of
trict has sold tlie $4,000 20-year bonds, mention of which
Queens County.
Nemaha County, Neb. Bids.— Following are the bids re- was made in the Chronicle August 5, 1899, at 112'60.
Sullivan, 111.— Bond Sale. This city bas sold at par to
ceived July 31, 1899, for the $40,000 4]4% 2 5-year (serial)
W. A. Steele, Cashier First National Bank, Bement, $7,000
court house bonds
4^ water bonds. Secutities will mature 15 years from date
Carson Nat. Bank, Auburn.. ^12,200 00 Spitzer & Co., Toledo
?40,H06 00
of issue, subject to call one- tenth yearly after 1904
41,500 00 Lamprecht Bros. Co., Cleve.. 40,588 00
First Nat. Bank, Auburn
First Nat. Bauk, Omaha
40,825 00 Trowbridge, MacDonaldiSNiver
Susanville School District, Lassen County, Cal. Bond
Co.. Chicago
W. J. Hayes & Sons, aeve... 40,680 on
40,388 00
Sate.— On August 5, 1899, $12,000 Q% 1 20 year bonds were
Security InvestmeDt Co
40,650 00 N. W. Harris & Co., Chicago. 40,000 00
1
|
I
|
&
—
.
—
—
—
— — ——
August
—
THE CHRONICLE.
19, 1899.]
awarded to W.
J.
&
Hayes
Sons, Cleveland, at 116'31.
lowing are the bids
W. J. Hayes & Sons, Cleve...tl3,957
Fol-
:
00 John J. Wells. Red Bluff... .112.760 00
13,6C1 00 Washoe County Bank. Reno. 12,475 00
Oakland Bank of Savings
Union Savings B'k, Oakland. 13.508 00 Frances W. Fratt. Sac'mento. J2.121 Oo
12.9b0 00| F. M. McKay, Chicago
12,045 00
8. A. Kean. Chicago
Bonds are in denominations of $100 and $500, dated July 8,
1899.
Interest will be payable semi-annually at the County
Treasurei's office. Principal will mature $600 yearly. The
district has ro other debt than the above.
are adTerrjville, Conn. No Bonds to be Issued.
vised that this town will not i8sue{J'4,000 improvement bonds,
as some of the papers have it, but will pay cash for the im-
407
on August 8, 1899, for the $117,000 water and sewer bonds
and $133,000 general municipal bonds:
-Premium.
I
.
$133,000 Gen/.
Imp. Bonds.
$7,3»0
5.eeo
|
I
— We
provements contemplated.
Trenton, 111.— Bowd Election. An election will be held on
August 31, 1899, to vote on the question of issuing $5,000
water- works boi ds.
Uvalde Conntj, Texas. Bonds Approved.— The AttorneyGeneral has approved an issue of $11,000 bridge bonds of
—
this county.
Tictoria,
Texas.— .Boncfs Approved.
—The
Attorney Gen-
approved the issuance of $7,000 city hall and $7,000
street-improvement bonds.
Wakefield, Neb.— Bond Sale— On August 1, 1899, the
$7,000 4^ 10-20-year (optional) refunding water-works bonds
were awarded to Charles H. Coffin, Chicago, at 100'157. Followiag are the bids
eral has
:
Chas. H. CofiHn, Chicago
$7,011 00
W. J. Hayes & Sons, Uleve.... 7,u00 CO
Third Nat. Bank. Rookford... 16,806 00
I
8.
|
A. Kean (forJJi^ bonds)....
For description of bonds see Chronicle July
248.
bonds
00
29, 1899, p.
—
Bond
Walker, Minn.
ceived August
7,1)00
Following are tne bids reSale
the $6,000 Q% 10-year water-works
14, 1899, for
:
A. Kean, Chicago
$6,510 Meyer & Kiser. IndlanaooUs
Uuluth Trust Co., Duluth
t(,240 Jefferson & Kason, St. Paul
C.C. Gowran & Co., Gr'd Forks.. 6,025
$«,025
6,000
8.
We are advised that on account of former trouble with
Eastern buyers, the Council rejected all sealed bids and
awarded the bonds to C. C. Gowran & Co. of Grand Forks
at their bid of 100-416, a representative of that firm attending tbe sale.
Walla Walla, Wash. Bids Rejected .—Bond O^ering.—
Following are the bids received (all of which were rejected)
NEW
Wilmington, Delaware,
SINKING FUND ^% LOAN.
Proposals for 824,000 SinltinK Fund 4%
Loan, \% iliiiinKton, Delavfare, will be received until 12 o'clock noon, August 24th, 1899.
Bonds issued for refunding purposes. Interest payable April and October 1st. Bonds will mature
October 1st, 1913. The successful bidder will be
required to settle for the bonds at or before 12
o'clock noon, September 1st, 1899. Address bids in
sealed envelopes to William L. Hamann, City Treasurer, marked " Proposals for Sinking Fund Loan."
The right to reject any or all bids is reserved.
L.
—
Co.. New York
Harris & Co.. Chicago
Hayes A Sone, Cleveland
E.Bell. Spokane
Briggs, Todd & Co.. Cincinnati
D. 8. Baker Estate, Walla Walla
Seymour Bros &
N.
W.
W.
W.
Mason, Lewis
Boston Terminal Co
N. I. Central
&
H. R.
Chicago Rock Island
Baltimore
West End
West End
& Ohio
Ry
St.
St.
RR
&
Pacific
Ist .titge
Ry
Perry, Coffin
&
Burr,
60 State Street, Boston.
Railroad
Co.
bonds must accompany proposals.
Willlamsport, Pa.— Loan Bills Defeated.— hX a meeting
of the Common Council held August 7, 1899, the ordinances
providing for the issuance of $95,000 3}^^ improvement bonds
and $50,000 electric-light bonds were defeated, the former by
a vote of 16 yeas and 10 nays and the latter by 12 yeas to 13
nays, a two-thirds vote being necessary to authorize,
Wilmington, Del.— Bond O^eringr.— Proposals will be received until 12 M. August 24, 1899, by Wm. L. Hamann,
City Treasurer, for $24,000 A.% sinking fund bonds issued for
refunding purposes. Securities will be in denominations of
INVESTMENTS.
1,
edwd.
IN
BONDS.
New
and 31 State Streets
MASON, LEWIS &
CHICAGO,
State,
County,
School,
City,
MUNICIPAL
RAILROAD
CORPORATION
TODD
8l
LIST ON APPLICATION.
CO.,
CIBjOINNATI, OHIO.
MUNICIPAL BONDS.
Seenrities Netting from 3J^ to
Ctroular.
DUKE M. FARSON.
IMti
Whann & Schlesinger,
DEALERS
MUNICIPAL
Dearborn Stre«i
71
BROADWAY
13 Wall Street,
New
•
NEW YORK.
MacDonald
&
NiVER Co.
MUNICIPAL BONDS,
Reference, First National Bank, Ohieago.
C.
R.GOODE&CO.
ut
Nat.
Bank Bldg.
WE DEAL
CHICAGO
IN
HIGH-GRADE WARRANTS SOUTHERN ANO WESTERN
SECURITIES.
Nettinia;
York.
STATE, CITY & RAILROAD BOND
solicited.
RAILROAD
trowbridge,
Co.,
Building, Chicaga
and
SECURITIES.
Banker.
CmCAGO.
Correspondence
IN
6)J
ALWAYS ON HAND.
Ut National Bank
Congress Street, Boston.
BONDS.
^^^'*^^»
Street Railway and Gas Companies.
INVESTMENT BANKERS,
16
St.
Choice Issues.
Bonds.
BRIGGS,
BOSTON,
60 DeYonshire
171 L.a Salle 8t.
ROLLINS & SONS, John Nuveen &
19 AlILK STREET, BOSTON.
BANKERS
CO.,
BANKERS
munici pal bonds.
Co.,
1 Nassau Street.
421 Cnestnut St.
York,
Philadelphia,
of Boston Stook Bxohange.l
E. H.
&
jones & cc,
Niunicipal, Railroad,
Street Railway and Cas
BOSTON.
1941.
Blodget, Merritt
c.
DEALERS IN
INVESTMENT BONDE.
Maniolpal Bonds.
JUIiY
—
—
First Mortgage 4l%% Gold Bonds,
DUE
Par
+ 6^.
Bonds Authorized. The Borough
Council has authorized the issuance of $15,000 highway-improvement bonds.
West Unity, Ohio. Bond O^erinfir.- Proposals will be received until 12 M. Aujtust 30, 1899, by Chas. L. Arnold,
Clerk of the Board of Education, for $8,000 A%% 1-12-year
A certified check for 2% of par value of
(serial) bonds.
DBALBR8
Mo. 7 Congress
+
V4% and
Bank at 103.
West Chester, Pa.
BANKERS/
Member!
*
were taken by N. W. Harris & Co., Chicago, at 102-08.
Wellsburg TW. Ta.) School District.- Bond Sale.— Orx
August 15, 1899, the $20,000 4^ 10-34 year (optional) schoolbuilding bonds were awarded to the Wellsburg National
Send for our Investment
Rutland
Par.
on i]4% bonds except
sold)
City Treasurer. Wilmington, Delaware.
Ss
4s
4s
3J^s
3>^8
4s
4s
48
4>^s
..
•Par less $872
Bids will again be received on August 24, 1899.
Washington.— Bond /sswe.— The State has issued $20,000
bonds in favor of the Permanent School Fund. These bonis
bear 8^ interest and mature in 20 years or less, at the State's
option. They are issued to take up outstanding warrants.
Waterloo (Iowa) School District —Bond Sale.— The $18,000 i% refunding bonds (which we stated last week had been
ADAMS & COMPANY
HAMANN,
State of Massachusetts
City of Newton, Mass
City of Maiden, Mass
b.if-H
& Co., Chicago
All above bids were based
$117,000
Water Bondn.
4,100
3,»c4
2,800
2,750
2.000
J.
INVESTMENTS.
LOANS.
WM.
Rudolph Kleybolte k Co., Cincinnati
J. & W. Sellgman & Co. New York.
—
15
from 4 to
§^.
WALL STREET NEW YORK.
LIVERMORE,
ROSENBERG FR & Investments),
(Spec alists in Texas
FORTY WALL STREET, NEW VORK.
:
THE CHRONJCLE.
408
$50 or multiples thereof. Interest will be payable April
October 1. Principal will mature Oct. 1, 1913.
1
and
of this bond offering will be found among
the advertisements elsewhere in this Department.
Tonkers, N. Y.—Bond Sale.— On August 16, 1899. the
$8,500 4% aesessment bonds were awarded to Kudolph Kleybolte
Co., Cincinnati, at 101'60.
Following are the bids:
B. Kleybolte & Co.. Cincm
101*60
100-77
Jose. Parker* Co.. Boaton
Geo. M. Hahn. New York
ini-56
100-38
John D. Kveritt & Co.. N. Y
People's Sav. Bank. Vonkers.... 101-56
Allen. Sand & Co., New York ...100-28
Bonds mature Feb. 1, 1902.
Toungrstown. Ohio.— fiond Sales.— On August 14, 1899.
$250 5% Grove Street grading bonds were awarded to the
Croghan Bank of Fremont at 102-50 and $830 5% Hilker Street
sewer bonds to the Mahoning National Bank. Youngstown,
at 102-41. Following are the bids
&
:
$afo
$250
Sewer Wx.
G-rading Bonih.
_. „
The Croghan „
Bank Fremont
,
$256 25
256 00
-^55 25
1849 60
Mahonlne National Bank, Youngstown
8SO0O
Robert McCurdy. Younestown
947 6
Securities are dated August 21, 1899. Interest will be payable semi-annually. Principal will mature yearly on October 1, the grading bonds, $50 in 1900 and $100 in 1901 and
1902, and the sewer bonds $230 in 1900 and $300 in 1901 and
1902.
•
Offering.
Proposals will be received until 2 p. M.,
September 11, 1899, by F. C. Brown, City Clerk, for the fol-
lowing bonds
$8,832 5% storm water sewer bonds, maturing yearly on October 1, $2,233 in 1900
and ¥ 2,000 in 1901, 1902 and 1903.
8,600 5% street opening bonds, maturing yearly on October 1, S1,000 in 1900
and IHOl and gaoo in lW)i.
1,400 5^ grading bonds, maturing yearly on October 1. $'J00 in 1901 and ^300 in
1902, 1«03, 1904 and 1905.
All the above bonds are dated September 18, 1899. Interest will be payable semi-annually at the office of the City
Treasurer. Bids must be made for each block of bonds separately.
St.
imn. (special)..
. .
Cottage
Cnmberland County,
N.
J.—William
AsYLu.M Bonds—
J&J,;$75,000.Jan.l,'02to '16
4Js.s,
Jaii,
4««8,
4ias,
F&A,
1,
INTEREST is payable at County Collector's offioe.
TAX FREE.—Bonds are all tax exempt.
Hallowell, Me.-O. A. Saflford, Mayor; C. K.
Treasurer.
LOANS—
This city is in Kennebec County.
When Due. Total debt Mar. 1, 1899
School Bonds—
4s.
M&N,
Nov.
$5,000
1903
1907
1,
1,
($1,000 due yearly) to Nov.
Refunding 1893—
M&N, $15.000.Nov., 1908 to '22
Water Bonds-
4s,
J&J,
g.,
$50,000... Jan.
1918
1,
Miami County, Ohio
LOANS-
TT/ieji I>ue.
68
$175.000
1899 to 1907
5s,
$7,500
23,000
1899 to 1900
1899 to 1903
Ditch Bonds—
68
Bridge Bonds-
July 1, 1899
J&J, $38,000
($2,000every 6mo8.) to July 1,'08
Pike Bonds—
,
$1,900
Perth Amboy, N.
NEW YORK
J.
—James L.
S
i
Farson,
3-5
Leach
&
Company,
8
CLEVELANO, OHIO.
IN
A
A
L
I
S AND N
BONDS.
The American Man'f'g
65 ITAI^Ii
WILSON & STEPHENS,
Robert R. Lockett,
AVSTEN, TEXAS,
ATTORNKY-AT-LAir.
Does s, eeaeral practice In all the higher Courts Of
Texas, and before the different departments of the
S ate Government. Bond, Insarance and Corporattoa
Utlt^tion, barters and Corporate Permits secured
County and Municipal Bonds examined. Irreiralar
s Issues adjusted. Law correspondents In everf
cityand town in Texas. Trivial business not soUolIted.
BANKERS,
41
Information given and aaotattons famished conaerning all classes of stocks and bonds that have •
Cleveland market.
WALX.
ST.,
NEUr YORK,
Dealers In Bonds of Railroad, Glas and
Other Pnblic Corporations.
READE & BOWLER,
Manufacturing Properties.
We buy and sell manufacturing plants and act
Co.,
CLEVELAND, OHIO.
a. Bbadb.
Issaes of Approred
Securities Negotiated.
Loans on and
CHICAGO.
F. R.
FULTON & CO.,
Municipal Bonds,
171
la salle street)
CHICACO.
Gio. H.
Fred.
70
MUNICIPAL BONDS.
Balldlns,
Investments.
l>ater8on, N. J., to net 3*10%
C!leveland, Ohio, to net 3*05%
lltiea, IV. Y. (odd) to net 3*10%
JULY LIST OF BONDS WILL BK SENT ON
APPLICATION.
W.
J.
HAYES 8l SONS,
BANKERS,
111 Congresfi Street, BoNton.
313 .Superior St., Cleveland, O.
Makes a
Bowlbr
M. Smith,
SOUTH STREET,
AUBURN,
New York Savings Bank
»«
Agents for bankers in selling this class of property.
Appraisals and expert opinions.
liHi-'il7 American Trust Buildintr,
Wh.
Bank
Co.
STREET,
<
UPON REQUEST,
First National
SPECIALTIES.
A
BANKERS,
Devonshire Street.
MUNICIPAL, RAILROAD,
STREET RAILWAY & CORPORATION
&
H
O
Id
I
MUNICIPAL BONDS.
E. O. STANWOOD Sb Co.
BOSTON.
Tremble
in Middlesex County.
CORDAGE
NEW YORK.
NASSAU STREET,
Lamprecht Bros. Co.
Devitt,
Compton, Mayor; Garret
is
TRANSMISSIOiy ROPE.
CITY
M
m
THE
LISTS SHNT
.
This city
IVO^-TAXABLE
121
DEALBR3
Interest payable at Treas. office.
Total debt May 1, '99... $245,400
Tax valuation, real
15,148,470
Tax valuat'n, personal. 6,721,506
Total valuation 1898. .21,869,976
Assessment is ^ actual value.
$2-84
State tax (per $1,000)
County tax (per $1,000) '98.. 6-70
Population in 1890 was
39,754
Population in 1897 (est.).. 45,000
^EW YORK.
IndlTidnal Accounts received sabjeci
to check at sight in London
and Paris. Cable Transfers.
Balldlnff,
County
July 1, 1900
Charing Cross, JLondon.
Centary
.
T. Bartmess, Auditor.
Court House Bonds-
SEND FOR CIRCULAR.
Ltd.,
.
INVESTMENTS.
BANKERS,
AyorO-AXXMICAK BAKK,
$70,000
Sinking fund
500
Net debt Mar. 1,1899....
69,500
Tax valuation 1898
1,485,201
Assessment same as actual value.
Total tax (per $1,000 )'98.. $18-00
Population 1890 was
3,181
Population 1898 (est.)
3,500
$50,000.
seat is Troy.
CO.,
AGENTS FOR THH
Tilden,
The city owns property valued at
INTEREST on the $5,000 4 per cent school bonds and refunding
bonds Is i>ayable in Boston and Hallowell
JNVESTiyiJNT^
BROADWAY. NEW YORK.
Assessed valuation '99 17,001,393
!t!l2,000.Feb.l'00to'03
Brodhead, Treasurer.
»1
O. Garrison, County
Assessment abt. 66% actual value.
County tax rate (per M) '99 .$4-99
1906 Population in 1899 was.... 45,438
Population in 1899 (est.) ...49,000
Bonks —
M&N, $15,000.. Nov.
Bkidge Bonds—
Ashland, Ohio.— H. A. Thomas, Mayor: E. B, Westover,
This village is the county seat of Ashland County.
WHITE &
.
Bridgeton is the county seat.
When Due. Bond' d debt June 20,' 99. $102,000
LOANS-
68
C. H.
.
Collector.
STATE AND CITY DEBT CHANGES.
GOVERNMENT, MUNICIPAL
AND RAILROAD BONDS
1, '99.
impt. (special) 13,000
St.
58,
Clerk.
$87,000
1,000
Assessed yaluation '98 1,275,000
Real value about
2,500.000
Population in 1890 was
3,566
Population in 1899 (est.)
4,000
2,000
4,500
3,500
ClaremontAve.lmpt (sp'i.)
Res. & water- works ext.
Main 8t. imp, (special, .... 2ft,000
4s,
—
Bond
When Due. Bonded debt May
LOANSWater works con8truot'n..$39,000 Floating debt
„,
Center
Tfie official notice
[Vol. LXIX.
IVE1¥
specialty of selling
YORK,
kinds of Secarlttes
by AUCTION. Stocks and Bonds thoroughly adTerttsed will bring buyers when it Is known toe
><tKhek;. bidder is the fortunate buyer.
Chronicle
all
Numbers Wanted.
Issues of Jan. 21. 88, Feb. 18 and S6. 1899.
Investors' Supplement, Jan., 1899.
W
II
I
pay 26 cents a copy for the above.
WILLIAM
B.
DANA C0MPAN7,
79M P(B« StTMt.
.
AwousT
19.
THE CHRONirLE.
18W.1
LOANS-
School Bonds—
49. g., M&S, $25,000..Sept.
Paving Bonds—
Bonded debt Mar. 1, '99. $573,300
131,362
Sink fund and cash
1918 Water debt (included) .... 307,000
I
1,
Tax valuation,
3,425,600
224,850
Total valuation 1899.... 3,650,450
Rkfundino Water Bonds4i««, $17,000
Jan., 1929 Total tax (per $1,000) '99... .$24 -90
9,512
$54,000 Population in 1890 waa
flohool bonds
185,300 PopiUation in 1897 (est.) .15,000
Agaessment bond9, etc.
real
1908 Tax valuation, personal.
$2,000
49, g,
Mayor; Wm. D. Latahaw,
Pueblo is situated in Pueblo County. The city of
Bessemer was annexed to Pueblo in January, 1894.
^^^n Due.
When DueLOANS—
LOANS—
' Rbfond. Water Bds.— (Con.)
Building BondsFaeblo,
. .
I
Portsmouth, Ta.— Geo. A. Tabb,
6s,
is
69
63
the connty seat of Norfolk County.
When Due
When Due.
LOANS—
LOANS—
Paving Bonds— (Con.)
Atlanta & Danville RR., 1890—
Jan. 1, 1920 69, J&D, $12,000. ..June 1, 1901
5s, J&J, $150,000
13,500.... June 1, 190-.
63. J&D,
Bdilding Bonds.
24,000. ...Sept. 1, 1904
Sept. 1, 1924 5s, M&S,
53, M&8, $35,000
20,000.... Dec. 1,1906
58, J&D,
Cemetery BondsRedemption Bonds—
Apr. 1,1912
58, A&O, $15,000
Julv 1, 1918
69, J&J, $82,800
Subject to call at any time.
June 1,1922
5s, A.&O, $5,000. Apr. 1, 1913 & 15 59, J&D, 14,500
.
M&N,
May 1, 1924
Junel, 1926
Junel, 1928
65,000
Subject to call at any time.
City Bonds—
7-39, J&J, $141,400... Jan. 1, 1900
59,
59,
58,
July 1, 1927
J&J, $25,000
Floating Debt, Jail & Street.
June 1.1922
5s. J<fcD, $43,000
Paving Bonds *—
69, J&D, $26,000.... June 1, 1899
15,000.... June 1, 1900
69, J&D,
58,
58,
F&A, $10.000
Aug.
J&J,
Jan. 1,1928
53,
59,
M&S. $100,000 .. .Sept. 1, 1924
J&D,
15,000. ..Dec. 1.1926
J&D, 22,000
J&D, 29,000
School Bonds —
Ferry Bonds-
69,
3,000
Sewer Bonds—
2,
1927
• A special tax amounting to 23 the cost of the work ig levied on property ben«fltted by paving, and the money thug collected is set aside for
the redemption of the paving bond9.
INTEREST 18 payable in Portsmouth.
TAX FREE—All bonds i99ued by this city are exempt from city tax
DEBT LIMITATION.—The city's debt is limited by law to 17 per
cent of the real estate valuation and 15 per cent of the personal.
CITY PROPERTY—The city owned property valued on July 1,
1898, at $106,475.
TOTAL DEBT, ETC.—The bonded debt on July 1, 1898, wag $846,100; floating debt. $21,000; total debt, $367,100; sinking fund and
oash, $9,968; net debt, $857,032.
TAX VALUATION in 1898 of real estate was $5,550,940; personal property, $1,080,278; *ot»l, $6,631,218; estimated real valuation
$9,003,167. The total tax rate for 1898 (per $1,000) was $2150, iuOluding State tax, $400, city tax, $15-50, and school tax, $200
POPULATION »n 1890 waa 13.268 in 1880 was 11,390. In 1898
the population waa 18,544.
;
June
$35,000
$31,000
50,000
10,000
Bridge Bonds—
.
This city
Treagurer.
CoL— J. B Orman,
Auditor.
I
.
409
1,
Dec, 1906 Bonded debt Apr.
Sept., 1907 Floating debt
$266,000
135,275
Total debt
401,275
Deficiency Bonds
June, 1906 Sinking fund
5,223
$80,000
69,
Net debt Apr. 1, 1899... 396.052
Lbvee Bonds—
June, 1902 Park bonds, additional..
70,000
$10,000
69,
Waterdebt
358,000
Park Bonds—
7,980,327
59, g., J&J. $70,000g..Jan. 1, 1912 Tax valuation 1898
Assessment about ^ actual value.
Sewer Bonds—
June, 1902 Tax rate (per $1,000) 1897—
$11.000
69
Northside
June, 1904
$1200
34,000
69
Southside
Oct., 1904
6080
36,000
68
" Water Works Bonds—
Bessemer
5490
24,558
4»39.g, J&J, $113,000. Jan. 2, 1914 Population In 1890 wag
* REFaNDINQ W.\^TER BONDSPopulation 1898 (local egt.). 36,000
"Issued by Board of Water Works
4>«9,g,J&J, $42.000. Jan. 2, 1914
(Subject to call after •04,'05 &'06.) Trustees and not incl'd in city debt
59,
—
States
LOANS—
Life
INTEREST
l3
WITHOUT
DI9.
as soon as satisfactory proofs have
Death Claims paid
COUNT
been received.
Aeivae and Sueeetsful Agents, uritMng to repreBent this Company, may communicate ufith
RICHARDS. C0CHBAN,3d Vice-President,
at the Home Office, abi Broadway,
Victoria County, Texas.— C. A. Leuschner, Treasurer.
is the county seat.
Victoria
LOANS—
.-.$67,000
1936
Bonded debtFeb. 13,'fl9. $91,050
1913&1914 Tax valuation 1898
6,474,000
Jan., 1936 County tax (per $1,000) •97..$5-25
Population In 1890 was
8,737
5s,.
Aug., 1901
,$2,000
4,050
12,000
79,
69
59
Jail
58
J. L.
KBNWAY
WILLIAM T. 8TANDBN
ARTHUR C.PBRRY
/OHNP. MtJNN
OHIO.
Q.WILLIAMS
JOHN J. TUCKER
B. H. PBREIM S, JB
JAMBS R. PLUM
. .
Presldeni
Acuarj
Cashlei
Medlcii.; Director
:
Pres.Cbem. Nat. Ban*
BoUdei
.
Pres. Imp.
ft
Traders' Nat.
B
k
Leath
Fred. H. Smith,
NO. 8 BROAD STREET, NE^V YORK.
STOCKS AND BONDS.
MARGIN A000TTNT8 SOLICITED
INTEREST ALLOWED ON BALANCES.
Market Letter ou
Equitable Building,
Acting President,
AUGUST BBLMOiNT.
Manager,
THOMAS
L.
Bonds,$5,000
March. 1936
Application. Correspoadenct
Inrlted. Established 1868.
All classes of Unlisted Securities and Traction
Vice-President.
A. NASH,
Chief Consultinjr Auditor,
STEPHEN LITTLE.
F. S. PEARSON.
WM. BARCLAY PARSONS
FORD, BACON & DAVIS.
Secretary and Treasurer,
EDWARD
T.
Investment Bonds
R.
(est.)
. .
.12.000
LANCASTER,
INVESTMENT SECURITIES,
Boutbora Soeorlits* a Spoelalty
IS WALL. HTaSBV. HEW YORK..
Sons,
BANKERS,
No. 10
WALL. STREET,
DBALHU
IM
(NYE8TMENT and MISCELLANEOUS
SECURITIES.
4oattaern Securities a Specialty.
f.G.ZACHRY,BONDS
S3 WALL. STREET.
DIRECTORS:
A. J. Cajsatt.
Marcellus Hartley,
Charles R. Flint,
August Belmont.
&
R. A. Lancaster
NEW YORK.
InvestmentSecurities
PERINE.
GeorKC Coppell,
G.B.M. Harvey.
John I. Waterbury,
George G. Havec,
George W. Young.
William A. Nash,
Joseph S. Auerbach
Max
b.
BROKER
40
Loans.
Borg,
BONDS.
IN
INVESTMENT SECURITIES.
BXCHANOE
NEW YORK.
PLA'^K.
ADVISORY COMMITTEE OF STOCKHOLDERS.
W. Bayard Cutting
Walter G. Oakman
T. Jefferson CooUdge, Jr.,
Charles 8. Fairchild,
Gustav. E. Kissel,
Isaao N. Seligman,
A. D. Juilliard,
Henry W. Poor,
Louis Fitzgerald,
E. R.
CHRONICLE VOLUMES
Chapman.
FOR SALE,
The Audit Company examines and
reports on the
accounts and financial condition of corporations,
copartnerships, and individuals, aud examines and
reports upon the ohysical conditioD of railroad, mannfacturlng and other properties.
Its services are of value to investprs, financial inttltutions, borrowers of money, directors of corporations, merchants, firms, and purchasers of properties
SOUTHERN INYESTMENTS.
NEW OR SECOND HAND,
FROM 1866 TO DATE.
WIL,LIA9I B.
r6« Pine
ExchangeBanking&TrustOo.
CHARLESTON,
Cable Address,
Stephen C. MMIett,
36 wall street.
Broadway.
120
Consultine Engineers,
Stocks BoaKht aad Sold.
EDWIN
Population in 1895
NEW YORK.
WILLIAM
GREENE,
James StUlmaa,
Vloe-President
2(J Vice-President
3d Vice-President
Secreiarj
Assistant aecreiarj
yiMANOS COMMITTKH
CouRT-HousE Bonds—
WTien Due.
Bridge Bonds-
The AuDir Company
Frederic P. Olcott,
New York,
orriOBBs:
SfBORGE H. BURFORD
Ha G. WILLIAMS
C.P. FRALKIGH
BICH ARD E. COCHRAN
A. WHBKLWRIGHT
Total
Total
Total
Total
payable in Boston, Mass.
OF NEW YORK*
THE CITY OF NEW YORK.
All Follclea noiv Issued by this Compan)
•ontain the folIowInK clauses
"After one rear from the date ot Issue, th*
liability of the Company under this polley
hall not be disputed."
During 1898 the Company made material
Increase In Income, assteta and surplnsi and
can thus claim a substantial gain In the
most important elements ol safety and prog*
'^11'
debt AprU 1, 1899.. .$85,000
valuation 1895
507,683
valuation 1898
133.000
tax 1896 (per $1,000) .$32-66
Population In 1890 was
1,689
Population in 1899 (est.)
500
Wft«n Due.
Electric-Light and Water—
July 1, 1912
63, J&J. $35,000
Bonded debt AprU 1, 1899. $35,000
17,500
Water debt (included)
20,000
Floating debt
MISCELLANEOUS.
Insurance Co.
IM
1, '99..
OPTIONAL.— All bonds are subject to calL
Spragae, Wash. — M. Clinton, Treasurer. Sprague is in
Lincoln County. The reduction in the assessed valuation
and population of this town is on account of the destruction
of the Northern Pacific RR. shops. Instead of re-building
in Sprague the new shops were located at Spokane.
IS 99
The United
4i«9,s:,A&0, $l50,000.Apr. 1, 1914
(Subject to call part y'rly aft. '06.)
Interest payable in New York.
June, 1902
_jyMSCEU-ANEO^^
1850.
1902
"EIBATCO, CHABLKSTON."
CAPITAL PAID
UP,
-
-
S. C.
Code Used,
"A. B. C."
-
Depeslts Subject to Check
St..
» kNA
CO.,
NewYork.
SECURE BANK VAULTS.
$100.000 00
300,«00 00
Offers its services to investors for the pur-
chasing of sound, dividend-paying Municipal,
Indostrial and other good Bonds and Stocks.
Also Farming and Tinnber LandSf Mill
Water Powers, Hotel Sites, Residences, Building Lots, etc., 'a the Southern
Sites,
States.
GEO.
B.
R. B.
Correspondence invited.
EDWARDS
W.
President.
Secretary
MUCKBNFUS
K.
McDOWELL
Cashier.
and Treasurer.
GENUINE
WELDED CHROME STEEL AND IRON
Flat Bars and &-ply Plates and Angiea
*c.
Canntt be Sawed. Cut, or drilled, and posltlTetf
Burglar Proof.
Bound and
FOR SAFES. VAULTS.
CHROME
STEEL,
WORKS,
Kent Ave. Keap and Hooper Sts.,
BROOKLYN. N.Y.
Sole Maa'f era in the U. S.
,
THE CHRONICLE
410
LXIX.
[Vol.
'fxnst (^ompmixts.
Union Trust Company United
NEW YORK.
OF
New
80 Broadway,
CJlPITAL,,
-
BVMPruS,
.
.
-
.
York.
$1,000,000
$5,700,000
.
-
-
Executor, Administrator, Guardian
Receiver or Trustee
AND
IS
A LEGAL DEPOSITARY FOR MONET.
ACTS AS TRUSTEE OF MORTGAGES OF
CORPORATIONS and accepts the transfer aeency
and registry of stocks.
ALLOWS INTEREST ON DEPOSITS, which may
be
paid into Court,
which may be made at any time and withdrawn after
five days' notice, and will be entitled to interest at
such rates as may be agreed upon.
Executors, Administrators, or Trustees of Estates,
Religious and Benevolent Institutions, and individuals, will And this Company a convenient depository
for money.
JOHN A. STEWART. President.
D. WILLIS JAMES, Vic«-Pre»i<l«nt.
JAMES S. CLARK, SecondVice-Presldent.
HENRY
with the company.
For the convenience of depositors this company
CURRENT ACCOUNTS,
subject. In acto check at sight, and allows
Interest upon the resulting daily balances. Such
checks pass through the Clearing House.
Attend specially to the
its rules,
JUANA QEMENT OF REAL ESTATE
and to the collection and remittance of
It makes ample provision in its
rents.
BURGLAR AND FIRE PROOF TATTLTS
for the s fe-keeping of securities placed in its cus"
t^Mly
on which
it
collects
EDWARD
and remits income.
KING.
President.
CORNELIUS D. WOOD,
Vice-Presidents.
JAMES H. OGILVIE,
}
AUGUSTUS W. KELLEY,
J. V. B. THAYER, Secretary.
L.
LOUIS
at any time, and withdrawn on five days'
notice, with interest for the whole tune they remain
cordance with
is a
and is
INTEREST ALLOWED ON DEPOSITS.
made
also opens
legai depository for moneys
authorized to act as Guardian,
This Company
Trustee or Executor.
AtJTHORIZKD TO ACT AS
,
States Trust Co.
48 AND 47 WALL STRBBT.
CAPITAL. AND SURPLUS,
$12,000,000
THORNELL, Secretary.
HAMPTON, AitUt.
G.
Sec'v
TRUSTEES:
Charles 8. Smith, W. Wald. Astor,
D.Willis James, Wm. Rockefeller, James Stillman,
John A.Stewart, Alexanders. Orr, John Claflin,
Wm. H. Macy, Jr., John J. Phelps,
J. H. Rhoades,
Anson P. Stokes, Wm. D. Sloane, John S.Kennedy,
John C. Brown, G. H. Schwab,
D.O. Mills,
LewisCI/ertvard,
Edward Cooper, Frank Lyman,
George F. Vietor, Marshall Field.
W.B. Cutting,
OLD COLONY
TRUST COMPANY.
$1,000,000
1,500,000
Transacts a General Banking Business.
SURI»L.rs,
ALLOWS INTEREST ON DAILY BALANCES SUBJECT
TO CHECK.
TRUSTEE UNDER MORTGAGES, TRANSFER
E. R.
C. C.
MERRITT, Assistant Secretary.
RAWLINGS, Trust Officer.
New York
&
Security
Trust Company,
4« TTALIi
STREET, NEIF YORK.
Capital and Surplus
CHARLES
WM,
L.
FAIRCHILD,
S.
STRONG,
83,000,000
.
President.
Ist Vlce-Pres.
ABRAM M. HYATT, 2d Vlce-Pres.
OSBORN W. BRIGHT, Secretary.
ZHLAH VAN LOAN, Asst. Secretary.
Authorized to act as executor, trustee, administraguardian, agent and receiver.
Receives deposits subject to sight drafts, allowing
tor,
Interest.
A legal depository for oonrt and truil
funds.
A designated depository for the reserve of State
banks. Accounts of banks and bankers solicited.
TRUSTEES.
C. 8. Falrchlld,
W. H.
Wm.
W.
M.
Appleton, B.
L. Strong,
F. Buckley,
8. G. Nelson,
Edward Uhl,
B. D. Randolph.
Rhode
James A.
C. D. Borden,
Aymar
James
Blair,
Sands, J.G.McCullough.
H. Hoagland,
J.Hill,
E. N. Gibbs,
F. H. Coudert,
James Stillman,
J.
F.
AldaceF.Walker
Sterling,
H. Walter Webb,
John A McCall,
W. Steams,
Island
W.
Hospital
BOARD OF DIRECTORS
T.
Geo.
Jefferson Coolidge, Jr.,
I
Boyal
DIRECTORS,
John W.
C. Taft,
Danielson,
Herbert J. Wells,
Robert. H. I. Goddard,
Geo. W. R.Matteson,
WlUiam
John
C.
Lyman
D. Ely,
Robert I. Ganimell,
William Binney,
William B. Weeden.
Pegram.
B. Gofl,
George Gordon King,
Rowland G. Hazard,
Lucian Sharpe,
Nelson \V. Aldrich.
Samuel R. Dorraace,
Edward D. Pearce,
Robert Knight,
Howard
O. Sturges,
^^?-^]^^'^ ^- WELLS. President.
®4^^.."^^<^'^?A'^f'5, Vice-President.
S. CLARK, Secretary.
WILLIAM A. G
Astt't Sec'v.
EDWARD
AMWELL.
Capital and Surplus
Francis R. Hart. Vice-President»
E. A. Phippen, Secretary and Ass't Treoi.
F. G. PdUSLAND. Ass t Treas.
Joseph
Stearns, Ass't Secretary.
E. Elmer Fote, Ass't Secretary.
Julius R. Wakefield, 7'ru«f Offi»er~
G
President,
Vice-Pres't
Sd Vice-Pres't.
Secretary.
Treasurer.
GORDON M ACDONALD
WILLARD V. KING
HENRY E. DABOLL
by the Supreme Court as a
Depositary lor Court Moneys.
Interest allovved on Deposits.
Executes all Trusts.
Dealffnated
TRUSTEES
715-717-719
CHESTNUT StrKET,
PHILADELPHIA, PA.
Incorporated
1882.
Capital,
8300,000
Surplu«, 8'^.%0.000
Undivided Proflla, 8l!il,475 59.
I
Transacts a General Trust and Safe Deposit lousiness.
Acts as Transfer Agent, Ke^jistrar and Trustees
under corporation mortgHges.
Collects and Remits Income at Reasonable Rates.
Accounts ot Bankers and others.
Interest Allowed on Deposits.
Solicits
President,
J.
SIMPSON AFRICA,
Vice-President,
THOMA« R. PATTON
2d Vice-President, GEORGE A. FLH^TCHER.
Treasurer and Sect eiary,
Trust Officer,
WILLIAM
J.
CLARK.
PERCY B. METZGER
DIRECTORS:
Wm. B. Irvine, W. Fred Monroe,
!.&. Africa,
k.dward bailey,
Joseph I. Keefe, Thos. R. Patton,
Wm. J. Clark,
Chas. A. Lapen,
Edw. L. Perkins
Peo. A. Fletcher, „„„„ . .».iv«.«t.. Wm.C. Stoever
John P.McGrath,
J liOVUS* <J- Hood Oscar R. Meyers,
BOSTON MASS.
Si. 000,000
-
-
OTTO T. BANNARD
WILLIAM ALEXANDER SMITH.. 1st
C.4PITAIi,
A legal Depository of moneys paid into Court
for Administrators, Executors, Guardians
Trustees.
Rudolf K. F. Flinsch,
Robert S. Holt,
Oliver Harrimau, Jr..
Wm. Alexander Smith,
INTEREST ALLOWED ON DEPOSITS.
Registrars of Stock.
BOARD OF DIRECTORS
A. Lanfear Norrie.
William F. Cochran,
Walter Jennings.
William A. Hazard,
W. Seward Webb,
Henry
8.
THE STATE TRUST
COMPANY,
100 BROADIS^AY.
$1,800,000
Capital and Surplus,
Acts as Trustee, Realstrar, Transfer and
Fiscal Aiteut of Corporations, and as Executor, Administrator, Trustee, Guardian
and Committee of Estntex. l.,eKal Depository for Court nnd Trust Funds. Takesfull
charge at Real and Persoi al Estates. Interest allowed on deposits.
WALTER S. JOHNSTON, President.
Vice-Presidents.
HENRY h'. cook,
H. M. FRANCIS, Secretary and Treasurer.
H. B. BBRRY, Trust Officer.
Geo. Foster Peabody,
Forrest H. Parker,
Willis S. Paine,
Joel B. Erhardt,
Joseph N. Hallock,
Walti-r S. Johnston,
Thomas
Andrew Mills,
Edwin A. McAlpin,
Thomao A. Mclntyre,
Anson G. McCook,
William A. Nasi),
F.
Ryan,
Elihu Root,
R. A.C.Smith,
H. H. Vr. eland,
William C. Whitney.
William A. Wiieelock.
P. A. B. Widener.
Mississippi Valley Trust
Company,
N. W. cor. 4th & Pine Sts., St. Louis, Mo.
Capital and Surplus
84,000,000
8ti00,000 deposited with Stat* officer to
protect trust llahllltles.
A GENERAL TRUST COMPANY BU8IN«a(<.
Allows Interest on Deposits.
Authorized to act as Exec utor. Guardian, Reoe ver.
Trustee, &c. Manages Est ttes. Collects Rents.
Becomes Surety on all kinds of Court Bondi.
Has Safety Deposit Vaults a Savings Departmeit
;
INVESTMENT SECURITIES A SPECIALTY
DIRECTORS
Charles Clark,
Chas. H. Turner,
Wm. F. Nolker,
T. 0'Reilly,M.D.,
E. F. Williams,
James Campbell,
H. 1. Drummond, August Gehner
Julius 8. Walfh
S.E.Hoffman,
D.
W.
Caruth,
Albert A. Pope,
N. W. Rice,
R. E. Bobbins,
S.
E.
PEABODY. President.
W. JORDAN, Vice-President and Actuary.^
K. A. COFFIN, Treasurer.
C. H. BOWEN, Secretary.
G. W. AURYANSKN, Asst. Secretary
N.
Maryland Trust Co.,
CORNER SOUTH AND GERMAN ST0
BALTIMORE.
CAPITAL, 81,300,000.
SURPLUS, 81,300,000.
A LEGAL DEPOSITORY FOR COURT AND
TRUST FUNDS.
Acts as Financial Agent for States, Cities, Towns,
Railroads and other Corporations. Transacts a genLends money on approved seeral trust business.
curity. Allows interest on special deposits. Acts as
Trustee under Mortgages, Assignments and Deed!
of Trust, as Agent for the Transfer or Registratloa
of Stocks and Bonds, and for the payment of coupon!,
interest
and dividends.
WILLCOX BROWN, President.
LLOYD L. JACKSON, First Vice-President.
J.
TRUSTEES.
Henry H. Cook,
Edward H. Clark,
Samuel Carr,
F. Gordon Dexter,
Kerr,
Myles Tierney,
Otto T. Bannard,
Oswald Sanderson,
Robert W. DeForest,
Joseph Walker. Jr.
;
Chas. i<Tanci8 ivaams, 2d, David P. Kimball,
Oakes A. Ames.
Samuel Little,
Ednin F. Atkina,
S. E. Peabody.
Isaac T. Burr
Francis Peabody
Gordon Macdonald,
Gordon Norrle,
Robert Olyphant,
and
and
Trustees under Mortgages, Transfer Agents ani
Frederic B. Jennings,
William Jay,
Alfred M. Hoyt,
$1,000,000
500,000
SURPLUS,
:
UNDER STATE SUPERVISION
The Union Trust Co.
President.
C. S. TUCKEHMAN, Vice-Preg't and Treat.
P. Gardner, Gordon Abbott,
CONTINENTAL
TRUST COMPANY AMERICAN LOAN
—ANDOF THE CITY OF NEW YORK,
TRUST COMPANY,
30 BROAD STREET.
>
Capital. ..81,000,000 Surplus... .8900,000
:
JeBerson Coolidge, Jr., President
Oliver Ames.
Walter HunnewelL
C. W. Amory,
W. Powell Mason,
Samuel Carr,
Geo. V. L Meyer,
B. P. Cheney.
I^aurence Minot,
T. Jefferson Coolidge.
Richard OIney,
Chas E. Cotting,
Henry R. Reed,
Geo. F. Fabyan,
Nathaniel Thnyer,
Geo. P. Gardner,
Stephen M. Weld,
Henry S. Howe.
Henry C. Weston.
T.
Samuel Sloan,
'
Trust Company,
PROVIDENCE, R. I.
A<3EN-T
REGISTRAR.
i
f
...
...
BOSTON. MASS.
CAPITAL,,
Willlams'n Bacor,
Breckinr'gtJonea
Sam.M.Kennaid, D. R. Francis,
Aug. B. Ewing
Wm.D.Orthwein, Ilenrv Hitchcock
Elmer B. Adams, Geo. H. Goddard, KoUa Wells.
OFFICERS.
JCLnrs S. Walsh, President.
Bbcoeinbidoe Jones, Ist V.-P. and Counisl.
BAMtrKL E. UoPFMAN, Second Vloe-Prei.
Db Lact Chandler, Secretary.
JAUKS E. Bhook, Asst. Secretary.
Khcdebick Viebling. TrnitOfflcei
.
1
HENRY J. BOWDOIN, Second Vice-Presidentl
J. BERNARD SCOTT, Secy. & Treas.
DIRECIORS:
Wm, A
Marburg,
Alex. Hrown,
H.J. Bowdoin,
Leopold Strouse.
Basil B. Gordon,
.
Henry Walters,
H. A. Parr,
James Bond,
Clayton C. Hall,
J.
D. Baker,
J.WillcoiBrown, G.A.von Llngen
B. N. Baker,
Fred'k W. Wood,
Andrew D.Jones,
Jos. E. Willard,
J.
8.
A. Tompkins,
Mandelbaum,
W.B. Brooks, Jr., W.H. Baldwin, Jr Jubu Pleasants.
LloydL. Jackson, Joshua Leverin»
Guardian Trust Co.
7th and Wyandotte Sts., Kansas City , Mo
1 Nassau St., N. Y., 400Chestnut St., PiiDgi
194 WasliinKton St., Boston.
Slnsel 238, Amsterdam, Hollani}.
Dorotlieen-strasse 54 Berlin, Germanr
31 Lombard Street, London, Ensland.
Sandthorqual tj," Uambarg, Ger.
13 Rue du Louvre, Paris, France.
»'^, 500,000
Capital
Surplus and undivided Profits.. 1,300,000
ARTHUR
E. STII-WELL, President.
Vice-Presidents: J. McD. Trimble. E. L. Martin.
Jacques T. Nolthenius. J. J. Cairnes.
A. C. Robinson, Secretary; Wm. S. Taylor. Treasurer; Frank B. Wilcox, Assistant Treasurer; Ira C.
Hubbell, Assistant Secretary; E. S. Mosher. Asst.
Secretary; Nath'l Norton. Ass't Secretary; Trliikhl*
& Braley, General Attorneys.
Executes aseneral Trust Business.
Acts as Trustee, Transfer Agent or Refflab
trar for Corporations.
Acts as Executor, Administrator, Guardian
or TruHtee of Estates.
Collects Western mortsages.
Taltes charge of properties, eolleotlnv
Rents, payins taxes, etc., tor
Eastern Investors.
@FedFRASER