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Quotation Supplement
inhesions Supplement
.Street Railway Supplement
State and City Supplement (§&&*$
( 0^
( moh^
$
fBnterod according to Act of Congress, in the year 1898, by the W illiam B. D ana Company , In the offioe of the Librarian of Oongreat.]
^ c= =
•
...............
VOL. 67.
% h z
(Tuaringe a t—
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s t a n d in g b u s in e s s
Two Months
W IL L IA M
B . B A N A C O U P A N Y , P u b l f Miters,
P in e S tr e e t, C o rn e r o f P e a r l S tree t,
POST OFFICE BOX 9 5 8
NEW
1897.
N ew Y o rk ................
P h ila d e lp h ia ...........
P ittsb u rg ..................
B a ltim o re.................
B u ffalo.......................
W a s h in g t o n .... . ..
R o ch e s te r.................
S y ra cu se...................
S c r a n t o n ................
W ilm in g to n .............
B in g h a m to n ............
T o ta l M id d le .......
778.M2.68fl
67,3S7.0)<
10,240,3 -t
14,445,13
4,139,9i 9
2,00)000
1,688,7)2
909,078
797,007
6 J7,220
801,0 0
887,109,301
t
739,245,497
01.029,740
14.005,988
17,001,95i
8.759,211
1,668,47]
1.50',652
8*8.13f
704,358
702,100
878.500
810,M a,6I)
+5 1
+ 10i
+ 15 £
—16 C
+9-2
+ 1 9 ‘i
+8
+7 *
i
+ 13
—9 2
-2 0 5
+5 5
l.)81,895
1,356.56"
757,07(
059.88*
010,785
272,90!
551,403,403
691,248,268
B o s to n .......................
P r o v id e n o e . . . . . . . .
H a r t f o r d ... . . . . . . . .
N ew H a v e n ..............
S pringfield. . . . . . . . .
W o rce ste r.................
P o r tla n d ...................
Fall R iv e r ................
95.493,701
4,351,100
1,982.057
1.287,902
1.3 0,341
1.620,«lb
1,2*3.0»1
577,013
600.093
409,2'J
8
108,832,484
90.455.855
4,'H4,6lL
2,246.404
1.343,005
1,170,05 J
1.489,408
1,353,249
085,421
581.180
380.S99
104,643,794
+56
-9 i
-in
-4 5
+11 c
+2 1
-8 G
-15*8
+13 C
+7 6
+ 4*1
73.785,103
4 003,O C
O
1.993,917
1.319.39C
l.u 5 r «
1.229,275
1.084,926
532.83t
572,253
889,238
86,015,077
464.777
97,728.802
89.092.370
11 04i 20,
9,614.9 3
7,133,4 00
4.4*5.183
3,391,40-'
8,661,727
1.8 0.082
1 0-54.87 7
920,851
729,4 ?o
43-.bb2
290,53-4
2d0,d*<0
192.498
303.240
173,88 .
181,702
205,853
683,007
134,380,879
84.002.557
10,490.350
8.799.072
5,016,O->3
5,191.054
3,509,000
2.185.95?
1,383,52 /
2.23 *.48»
780,113
607,837
350,095
319.833
229.U00
177,049
191 454
163.351
103,9 >7
<
181,870
+6 0
-t-5 2
+8 1
+27*0
—14-5
71.103,163
9.3*2.750
8,249,817
5.588,176
1.016.767
2.516.900
1.470,859
1.180.119
1.355,439
714.288
583,975
249,104
295,144
207,013
191,181
200,000
149,941
163,107
127,145.471
+6*7
107,879.089
120,146,120
12,404,410
1.440.29L
1,817.890
1,170.280
512+81
012,194
1,115.544
70? 072
130,000
0d,35l
20,013.632
15,8-7.73.
1.001.906
1,*99,570
1,380,877
430,000
487,046
713,8-30
7L3.1M)
80.703
02.911
22,037,388
-2 1 .8
-1 0 2
-t-42 0
-1 5 1
+221
-t-25‘0
+ 503
-0 -8
+ 61*1
+5*5
—11-0
13.780 961
1,103,410
1,290,987
921,124
072,028
514 817
500,000
301,602
229,460
6J.OOO
19,435,379
11.365,949
1,196,058
975.951
1,129,081
637,117
537,585
400,009
840,7 L2
130.793
01.206
19,741,112'
9.403,891
0.643,637
6,492,130
8.800 3*9
2,701,44,'!
050.757
2.713,212
1.056,000
004 936
329,024
877,151
41*8.180
102.500
94,9334,403.515
9,717,558
6,438,405
4.2i 7.094
8,660.02.
2 23 .398
532.809
1.24 6 084
9 0.000
430.788
3a2,443
300,309
407,190
78.176
100.960
30,721,010
-2 0
+ 18
+27-8
-4*7*8
+22 1
+22*2
+120*0
8.204,207
6 673.738
3,909.365
3,870 809
2,009,010
677,023
974,014
*059,237
329.801
234,096
^00,835
515.347
48,911
75,475
20.843,128
10,098.352
6,789.825
8,101,304
4,070,327
2,478,045
25,120,480
4,830.328
6,820 879
3,006,000
2.080.700
1.395 507
3.137.245
1,354,545
908.510
1,000.11*
709,64-1
847.402
479,801
330,400
431,2 8
283+02
231,323
298.023
83 8.000
52,091.794
.24.478,443
5.077.203
6,829 33i
1.825,150
2,334.049
1.435,991
1.982.022
1,202 333
1,187.809
921.974
708,' 78
579.949
378.917
300.460
+2*0
-1 4 9
-0*04
4-617
—10 »
-2 * 8
4-67-3
+12-6
-1 8 4
+95
+ 06
4-ia-i
4"20 6
4-9-8
-4-9*0
4-36 8
4-28-0
+8 1
—29 1
+4*0
46,468.740
40 608,900
+6*2
840.106.472
904.303.887
TFo
872,430,680
406 948,900
+22 0
-1 8 4
—11*8
-2*5
+0*3
+60*4
450
9.790,712
6.0)5.797
1.340.674
985,914
11 412,320
19.400,303
19.170,078.
New B e d fo r d ..........
T o ta l N ew Bing...
C h icago......................
C in cin n a ti................
D e tr o it ...............
C le v e la n d .................
M ilw au k ee...............
I n d ia n a p o lis ...........
YO RK .
The follow ing table, made up by telegraph, etc., indicates
that the total bank clearings o f all the clearing houses of
the United States for the week ending to-day, August 20,
have been $1,284,840,521, against $1,237,491,605 last week and
11,083,500,158 the corresponding week of last year,
W eek Ending Aug. 20.
1898.
1897.
Bay C ity ...................
T o t. M id. W e .t ’ o.
dan F r a n cis c o ........
Balt L ake C l t r ........
P e r Cent
N e w O rlean s...............................
$ 3 i4 ,7 8 1 ,5 1 8
79,120,505
5 0,744,0)1
12,090,020
82,410,783
21 323,350
4,024,119
•545,290,849
76,152,554
49,437.090
13,171,521
73,309.013
21,802,538
4,533,390
+ 25*0
+-8*9
+ 1 4 -7
-3 6
-f-12'4
—2 5
-0 * 7
Seven cities, 5 days. ........
Other c ities , 5 days..................
•941,800,098
135.222,207
•733,839,581
125,016,243
+20 1
+82
T o ta l all cities, 5 days----All o itles, 1 d ay.........................
• 1,070,329,105
203,011.410
•908,355.826
174.044.332
+ 18-5
+ 19-1
T o ta l all o itle s f o r w e e k ..
•1.284.840.521
• 1.083.500,158
+18 0
N e w Y o r k ....................................
B o s t o n ............................................
P h ila d elp h ia ................................
B a ltim ore......................................
C h ic a g o ..........................................
The full details of olearings for the week oovered by the
above statement will be given next Saturday. W e oannot,
of oourse, furnish them to-day, bank olearings being made
np by the various clearing houses at noon on Saturday, and
henoe in the above the last twenty-four hours of the week
have to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the pre
vious week, oovering the returns for the period ending with
Saturday noon, Aug. 13, and the results for the corresponding
week in 1897,1896 and 1895 are also given. In comparison
with the preceding week, there is an increase in the
aggregate exchanges o f nearly twenty million dollarsi
but at New York alone the gain is over thirtyiseven millions. Contrasted with the week o f 1897 the
total for the whole oountry shows an addition of 5'2 per
cent. Compared with the week o f 1896 the current returns
record a gain of 47'3 per cent, and the excess over 1895 is 32'9
percent. Outside of New York the gain over 1897 is 5’0 per
nt. The excess over 1896 reaches 23’2 per cent, and making
mparison with 1895 the gain is seen to be 13’D per cent.
e
1898.
P . Cent
1898,
CLEARING HOUSE RETURNS.
Cl e a r i n g s .
R etu rn s by Telegraph.
= — --
NO. 1780.
W e ek ending A u gu st 13.
(fitte r w id e .
PUBLISHED W EEK LY.
o f th e C o m m e r c ia l
...... ....... ■
SATU R D AY, AUGUST 20, 1898.
T otal P a o lflo.......
M in n e a p o lis............
St. P a u l...................
H a s tin g s ...................
T o t. o t h e r W e s t.
S t. L o a l» ...................
New O rleans............
L o u is v ille .................
G a lve sto n .................
H o u s t o n ....................
S a v a n n a h .................
R i c h m o n d . .. . .........
Fort W o r th ..............
B irm in gh am ............
T o t a l S o u th e r n ..
208,020
180,719
275,730
477,000
50.381,251
T o t a l a ll................ 1,257,491,005 1,175,372,188
O u tsid e N. Y o r k . 468,878,939 187,128,686
M o n tre a l..................
Tc r o n t o .....................
Flail fa. .......................
W ln n lp e s ..................
H am ilton ....... .......
T o ta l C anada
..
18 050+06
0,4Q 824
6
1,211,043
1,195.221
562,206
78W.G01
23 784,201
♦ N ot In clu d e d in to ta ls .
11,180,049
7.8 9 691
1.364+79
1,226 320
519.638
490.952
22.071.729
4-167
-5 0
-2 5 5
+18 0
4*2d*5
+254
—9 1
+20 9
+8 7
+134
+ 12 7
+12*9
4-38 6
—0 0
+2 9
+0 0
4-312
-0 0
+12*2
1890.
$
53.193.212
12,528.6201
11,996.663
21.290.480
6,639,867
4,553.791
1,859,700
2,476.01*2
1,236,179
1,076,052
1,057,119
1,002,312
719 086
762.901
874,639
479.045
208.886
362.350
198,402
249,714
210,726
1896.
t
69 525 472
12 691 624
10,970 5i4
1,381,118
1.857,590
82l|443
817,284
309,477
320 152
398,810
204,800
160.875
148 241
1,067,000
77 5.000
394,831
316,204
820,015
847.917
50.700
09 927
28,836,17321,213,8400.315,013
6,608 4M .
1,644,24?/
2 060,000
1,519,928
2,198 421
1,190 985
993,485
894.002
800,845085,000
810,000
370,690
202 583
252,815
232.979
1,139 054
768 633
342
l'H E
C H R O N IC L E .
[VOL. LXVII.
to regret their neglect. Of course the change, if
made, cannot take effect at the next session. The
Affairs are slowly adjusting themselves to the new result, though, whichever way it be, will influence
conditions which peace has established. It could not action at that session, making the Silver party arrogant
be expected that industrial development, if healthy, or tractable according as its lease of power is length
would be in any way but gradual. So far as it is sud ened or cut short. A thorough reform of our cur
den it is usually sentimental and disappointing. An rency is dependent upon the change; industrial peace,
illustration of the disappointing sentimental kind wo and such confidence as permits the full, free action of
had last year when tariff legislation was finished. Cot capital is impossible without it; moreover, if the
ton and some other kinds of manufactures were rushed sound money party wills to have it done, the revolu
when the demand had only very partially revived. The tion is within reach. Consider the alternative—in
result was a piling-up of cumbersome stocks of goods, the one case a blessed relief for all time from these
under the burden of which trade has labored ever disturbers of the peace and their subversive theories
since. There has been one occasion in our history and ideas, in the other the breaking out again after
when sentiment was a true forerunner. That was in a short cycle of prosperity of the old agitation, and
January 1879, at the time gold payments were estab as soon as the balance of trade becomes adverse caus
lished; for about three years we enjoyed a term of ing financial weakness, solicitude among capitalists
great prosperity, then the deleterious influence of sil and despondency in business circles.
Admiral Dewey was fortunate in securing the first
ver-coinage began to be felt, and it has never from
that date ceased to be the skeleton at the feast, pro victory in the war and in having a large part in the
dueiug anxiety and depression at every promising last. So far as his branch of the service is concerned,
both victories have been attained without the loss of the
start of industrial activity.
Peace means that the incubus of war is removed, life of a single man and without harm to any vessel. So
and so far as that is concerned the door to enterprise far, likewise, as appearances go— that is so far as the
is opened. Through that open door what do we see facts arc public—no officer has come out of the war
to encourage and to hinder? Many, very many condi with so great gain as he. We are aware that is claim
tions to encourage. The purchase of silver bullion ing much, very much, for our naval commanders have
has been discontinued, so that though the coinage all of them proved themselves a ‘ •'peculiar people
evil exists it is not an increasing one. The gold zealous of good works.” It is true, though, not only
reserve, through the weakness of which so many^hap- of his fighting record, which is simply superb, but like
penings of incipient prosperity have been arrested, wise of the dignity, composure, modesty and adminis
has at length been fortified as never before—fortified trative ability shown during the months he has
by largo gold accumulations in the country and Treas awaited reinforcements to consummate his earlier
We are glad to know that the war
ury and by most favorable trade conditions, explained conquest.
more fully below. We have the prospect likewise of did not close, where he was stationed, until
-immense crops. So far as breadstuffs are concerned Manila had been taken.
It seemed a neces
out
Admiral
Dewey's
they will secure lower prices than the previous season, sary event to round
hut the promise is of a fair market. We have an iron war services. It makes, too, the war itself more
industry of unequaled proportions, which is showing complete. No doubt the trend of opinion is strongly
Having already
wonderful vitality, for it is built upon a very low cost towards retaining those islands.
of manufacture, that permits of exports of iron, o;: claimed and secured Honolulu, The Ladrones and
machinery and all others of its products. Foreign E^orto Rico, it was easy for public sentiment to include
Tnarkets are open to us as never beEore, and so far ag Manila. After our old traditions had been thrown to
we can turn out not only iron and its allied manufao. the winds, what was there to restrain our people?
tures, but any raw material or product, in competition Senator Hoar did not do justice to -his usually good
with other countries who are our rivals in trade; judgment when he said in the Senate in substance
great expansion is possible. In the meantime, how just before casting his vote for Honolulu that he
ever, we have a home demand to supply which has would not so vote if he supposed other islands were to
been materially restricted during recent years, and be annexed. Having violated our principles in scaling
which as enterprise develops will also develop, and the garden wall to pick off the poorest apple on the
ought of itself for a year or more to^keepjjour machin tree and found it good, why should we not hold up our
hands to catch the more luscious fruit ready to fall
ery busy.
Besides all this we possess an abundance of floating into them.
The strength of the foreign trade situation and the
capital, idle and eager for investment, of which sub.
stautial evidence i3 to bo found in the activity and consequent safety of our gold reserves, referred to
buoyancy in Wall Street the current week, and above, find new illustration in the issue this week of
especially in the largo absorption of bonds for almost a the July trade statement by Mr. 0 . P. Austin, Chief
month. Indeed, there is only one agency in the of the Bureau of Statistics. We give our usual sum
make-up of the situation which has power to obstruct mary in a subsequent column, with previous months
or check the cycle of prosperity that is certain to added for comparison. It seems that the favorable
have a run now; that agency is the presence in the merchandise balance was the largest for any July
United States Senate of a majority of its members in in our monthly trade record, which runs back
favor of “ doing something for silver” and will to 1875. This result was due both to exports
ing to use any means to attain their object. being unusually full for that month ($72,486,853)
We spoke of this matter last week and we speak and to imports (§50,674,366) being the smallest
Taking into account the whole
of it again because the people have it in their hands of the year.
to alter the complexion of that body at the coming trade for the seven months from January 1 1898, to
all elections, and because, if it is not done, industrial August 1 ($317,132,861 net merchandise exports
classes will see the day when they will have new cause + $13,558,549 net silver exports—§87,487,321 net gold
THE F I HANOI A L SITUATION.
Atjgust 20, 1S98.J
THE
C H 110N IC L E .
348
imports), the favorable balance on the first day of the quarterly payment was made 1J per cent, raising the
current month is found to be $243,204,089. That stock to a 5 per cent basis, and in June the payment
total represents the condition of the foreign trade was the same. Now the stockholders are to get 1-J
record for the seven months immediately preceding per cent, or 6 per cent per annum.
The Oregon Short Line also affords evidence of the
the season of the current year, when our largest ex
port movement (cotton, breadstuifs, &c.,) opens. great change which has taken place iu the condition
But even those figures do not disclose the of the railroads. The property was reorganized only
full strength of the situation.
Almost always about a year and a-half ago and the old stockholders
there is a period in each twelve months when then were obliged to pay an assessment of twelve dol
the trade balance is adverse; in such cases lars a share. The reorganized company has two series
the adverse balance in some measure offsets the favor of income bonds, the payment of interest on which is
able balance. There has been nothing of that kind dependent entirely upon earnings. The Series “ A ”
on this occasion. Bor the six months from July 1 bonds, amounting to $7,185,000, last year in Septem
Now
1897 to Jan. 1 1898 the favorable trade balance, made ber received a payment of 4 per cent.
up in form like the above, was $314,015,700. That is the announcement comes that the present year
to say, this condition has continued ever since July 1 in September the “ A ” bonds will get the full
1897, thirteen months, without interruption, and 5 per cent to which they are entitled and
reaches an aggregate on August 1 1898 of $557,- that in addition 3 per cent will be paid on the
219,789. These results are full of interest. T h ej $14,841,000 of “ B ” bonds. The Oregon Short Line
stand as the country’s gold reserve, a fund to lies in the extreme western part of the country, in
be drawn upon so far as needful; they safeguard the Pacific coast section, where many circumstances
our bank and Treasury holdings, and they ensure for combined to produce a period of prosperity. The
a considerable time our gold standard and gold values. company furnishes monthly returns of earnings, and
How long this will be so no one can tell; presumably from these it appears that for the twelve months end
until our foreign trade becomes persistently adverse ing June 30 1898 gross receipts increased $590,810
again. The length of the period is not important. over the twelve months preceding and net earnings
While we are strong and have a season of restand pros increased $481,729. In connection with the dividend
perity is the time to rehabilitate our finances. We announcements on the “ B” bonds a statement is pub
shall have provided the coming fall the opportunity lished showing that after paying the dividends de
for making a decided advance towards the full at clared there will be a surplus of $158,994 on the
tainment of that object, as already explained. We operations of the twelve months.
The renewed activity in the iron trade, to which allu
cannot afford to let the occasion pass unimproved.
The increase this week in the dividend of the sion is made above, has the present week resulted in
Chicago Burlington & Quincy furnishes perhaps the higher prices for iron and steel. This is a distinctly new
best evidence we have yet had of the great improve development, for hitherto to say that there was activity
ment which has occurred during the]la3t twelve months was simply to say that sales were large without bring
in the position and prospects of the Western railroads ing any advance in prices. Indeed, for some years the
as the result of the large crops raised, the excellent tendency ha3 been almost constantly in the other
prices obtained for the same, and the consequent direction, and producers have been forced to turn out
prosperity of the farming interests. Returns of rail their prodacts at a steadily lowering cost. But this
way earnings are being rather closely scrutinized at week there has been a moderate enhancement in
present for indications of further gains. As a price, embracing not merely the raw materials
matter of fact the increases during the last but nearly all the finished forms of iron and
year have been
so hea^y that even should steel. In the ease of steel billets the appre
they not be followed by additional expansion the re ciation in one instance amounts to as much
sult should be exceedingly gratifying to the secur as a dollar a ton. Aside from the greatly increased
ity holders. The raising of the Quincy dividend as demand which has suddenly arisen, particularly in the
sumes especial importance because of the prominence Central West, production has in some instances been
of the road—its large mileage, and the fact that the temporarily on a reduced basis. This i3 particularly
stock being over $82,000,000 every one per cent in true of the production of pig iron. According to the
crease in the dividend calls for an additional $820,000 records compiled by the “ Iron Age” of this city, there
of net revenue. This means of course that a very was during the late month a further falling off in the
decided enlargement of the revenues of the system output of iron, bringing the capacity per week: on Aug
must occur before an increased dividend distribution ust 1 of the active furnaces down to only 206,777 tons,
can be undertaken. We need hardly say that in the against 216,311 ton3 July 1, 225,398 tons June 1, and
Quincy case the expansion in revenues has been ex 234,430 tons March 1, which latter was the maximum
ceedingly heavy and far in excess of the extra amount figure reached in the history of the country. N ot
required to pay the higher rate. In the gross earn withstanding the lower output, there were two more
ings the increase for the twelve months ending furnaces in operation August 1 than July 1, and th e ’
June 30 (the Quincy’s fiscal year now ends with June) “ Age ” points out that in a good many cases the prod
reached over 7 i million dollars— $7,273,976. Ex uct of the furnaces latterly has not been up to their
penses increased in amount of over five million dollars usual average—an experience which, it says, is not un
($5,068,302), still leaving, however, an improvement of common in midsummer.
The feeling which was noticeable last week, that
nearly 2\ million dollars— $2,205,674— in the net.
This shows how well prepared the company is to make money ought to rule at higher rates, has been even
the higher distribution.
We may add that the more observable this week. The business on the
management has been increasing the dividends grad Stock Exchange has been quite large, and conse
ually. In 1897 the road,was still on a 4 per cent basis, quently commission house borrowing has increased;
paying 1 per cent quarterly. In March 1898 the this has been reflected both in the call-loan branch of
*311
THE
C H R O N IC L E .
[VOL. L X Y II
the market and in the better inquiry for timo loans. more business is doing in it. Rates are firmer at 2$
Some of the banks in the iatorior have made req iisi- per cent, for sixty days, 3 per cent for ninety days
tions upon t'.nir eorrespeadents fer currency this to four months and 34 per cent for six months or
week, and this indicates the beginning of the demand longer dates.
The offerings of commercial paper,
lor the crop movement. The yield of wheat will bo though good, are not large, but at the same time the
unprecedentedly large, while that of cotton most demand is only fair and it is confined chiefly to the
likely will be heavy, and therefore the requirements down-town hanks and trust companies; the other
for these crops are expected to be at least in excess of banks remaining out of tlie market as buyers, the com
those of last ye ar. 1 >,v tn aoh of this demand for money mercial banks employing their funds for the accommo
L
can be supplied by institutions in the immediate lo dation of their customers. Rates are a shade firmer at
cality or by the Western and Southwestern reserve cen 31 per cent for sixty to ninety d ty endorsed bills re
tres, it is difficult to say. Reports from so me sectiousof ceivable, 3 }@ 4 i for prime and 44@54 for good four
the country show that the banka are well supplied with to six months Binglc names.
funds and that money is ruling at comparatively low
The political tension in Europe resulting from the
rates. Doubtless, in the principal Western cities the aggressive attitude of Russia toward English interests
specially designated depository banks have funds in China has been somewhat relaxed this week, there
which are. available for loans for short periods and having been an interchange of views between the two
these banks may be able largely to meet the early in governments which has resulted in negotiations being
quiry in their locality for crop purposes. The fact conducted in a conciliatory spirit. Russia is said to
that neither the Treasury nor the New York banks have declared that she has no interest, financial or
are sufficiently well supplied with currency to respond otherwise, in the Pekin-Hankow Railway, or any desire
to the demand for notes may have an important influ to acquire any such interest. Political affairs in
ence upon the movement this season. The Treasury Spain are without change and the surrender of Manila
will not make transfers of currency in exchange for seems to have been accepted as a foregone conclusion
gold deposited, for the stock of notes, though slowly The incident of the harboring of Captain Genera
increasing, is only large enough for current needs. Augustin by the commander of the German war ship
The New York banks have an average of only about Kaiseriu Augusta seems to have been satisfactorily
$57,000,000 of notes and these mast be carefully r explained.
husbanded. Though arrangements were made some
The Bank of England minimum rate of discount re
time ago by New York and other banks to take mains unchanged at 2.( per Cent. The cable reports
out new circulation, the distribution of
the discounts of sixty to ninety-day bank bills in London
new 3 per cent bonds has been so slow, only L§@ IT per cent. The open market rate at Paris is
$40,269,740 having been delivered up to August I f per cent and at Berlin and Frankfort it is 3 f@ 3 f
17, that banks have not been able to obtain many of per cent. According to our special cable from Loudon
the bonds for deposit against new notes, and the sup the Bank of England gained £171,774 bullion during
ply of bonds that has been distributed has, to some tlie week and held £34,981,867 at the close of the
extent, been drawn upon for the purpose of enabling week Our correspondent farther advises us that the
depository banks to qualify for the reception of Gov gain was due to imports of £184,000 (of which £115,ernment funds. It seems probable, therefore, that 000 were from Australia, £48,000 from the Cape and
many of the New Y ork banks, when called upon for £21,000 from South America), to receipts of £304,000
money by their correspondents, will be obliged to re net from the interior of Great Britain and to £46,000
spond with gold coin, which will have to be shipped sold in the open market.
at bankers’ rates by express, and this will make the
The foreign exchange market was quiet and firm
movement so expensive as greatly to restrict it. until Wednesday, and about the only feature was some
Though Treasury disbursements are large they are selling of long sterling, in anticipation of lower rates
unequally distributed ; they are much greater here later on, the sellers at the same time purchasing
than elsewhere in the country, and while these pay commercial futures against grain. The tone grew
ments tend partially to relieve the situation in New easier after Wednesday, influenced by a lighter de
Y ork they do not have much influence in that direc mand for remittance and also by offerings of bills
tion elsewhere.
against stocks bought for European account, these
Money on call, representing bankers’ balances, loaned purchases having been quite large daily since the
at IT and at 2 per cent early in the week, with the beginning of the week. The market was also some
bulk of the business at I f per cent, and there was a what sentimentally affected by prospects of dearer
good demand, stimulated by the active trading on the money here. Spot grain bills were not numerous,
Stock Exchange; the tone was likewise influenced by though there was a fairly large movement of the staple
the reduced reserves shown by last week’s bank state for export. At the same time flour and provision bills
ment. On Thursday offerings were more liberal and seemed to be in good supply. There were more liberal
the inquiry was somewhat lighter in consequence of offerings of cotton futures on and after Thursday in
liquidation of speculative accounts on the Exchange, anticipation of the early movement of the crop. Gold
and loam were made at I f and at I f per cent. Fri imports from Europe for the week, $1,484,270. Pre
day the market was a little stronger, the range being viously reported $1,37.1,303, making $2,855,573 since
I f to 2 per cent. The range for the week lias been the beginning of this movement. Heidelbach, Ickelfrom I f to 2 per cent and the average about I f per heinier & Co. received £830,000 gold on Friday in
*
oent. Banks have generally marked up their loans transit.
The range for nominal rates for exchange was
to 2 per cent, while some of the larger trust compa
nies have loaned at 1£ per cent as the minimum, and until Friday from 4 844 to 4 85 for sixty day and
Then a reduction
a few have offered money liberally at this rate, though from 4 86 to 4 864 for sight.
the majority have loaned at 2 per cent. Time by Brown Bros, made the range for sixty day from
money appears to be in a little better demand and 4 84 to 4 85. The market was firm on Monday, hut the
THE
A ugust 20, 1< .]
398
C H R O N IC L E .
•only change in ratea for actual business was an ad
vance of one-quarter of a cent for cable transfers,
compared with those at the close on Friday of last
week, to 4 86@ 4 86^, long and short sterling remain
ing unaltered at 4 84 @ 4 84^ for the former and
4 85^@4 85f for the latter. There was no change on
the following day, the market remaining firm, but on
Wednesday the tone grew easier in consequence of a
lighter demand and more liberal offerings of security
and of commercial bills, and rates for actual business
fell off one-quarter of a cent, to 4 83f@ 4 84 for long,
4 85i@ 4 85J for short and 4 85f@ 4 86 for cable trans
fe r .
The market was ea3y though not quotably
lower on Thursday, and it was unchanged on Friday.
The following shows daily posted rates for exchange
by some of the leading drawers.
OAILV POSTED RATES FOR FOREIGN EXCHANGE.
ViON..
W l i . . . i'u i/R
F r i ..
Fr i .
TUBS
Aug. 12 Aug. 15. A u g. 16 dug. 17. Aug. 19. Aug. IP
Brown B r o s -
.j
64*
^6
86
86*
___
86
M agoun Jt C o . 1 Sight..
Bunk British
\60 days
No. A m e r ic a .. Sight..
Bank o f
{*40 days
M o n t r e a l..
* Sight..
Canadian Bank ■00 days
o f C om m erce.. 1 S igh t....
H eldelbach , Ick - J 60 days.
elh eim er < Co. < Sight—
fc
^5
*J*
S5
66*
^4*
36
►
6
-4 *
96
84*
86
15
sew
j 60 da y s.
) S ig h t ....
S4U
fe w
95
^e*
65
86
SR
86*
34*
86
8)
se w
86
L*zanl V r e r e ,...
M erch an ts’ Bk.
o f C anada..
64*
se
84*
sew
95
S8*
94*
6
S4H
86
81*
C0
95
sew
84*
86
65
s*W
sew
°4 *
86
84*
96
85
2)6*
84*
86
85
sew
84*
se w ■
96
ew
84*
66
s»w
36
91*
36
65
96*
84*
86
5
8c*
id
86
*5
sew
84*
36
94*
86
84*
86
85
sew
84*
86
96
sew
The market closed easy on Friday, with rates for
actual business 4 83f@ 4 84 for long, 4 8 ol@ 4 854 for
short and 4 85f@ 4 86 for cable transfers.
Prime
commercial 4 834@4 83$ and documentary 4
4 834. Cotton for payment, 4 82 f @ 4 834; cotton for
acceptance, 4 834@4 834, and gra^fi for payment,
4 83@4 834.
The following statement gives the week’s movement
of money to and from the interior by the New York
banks.
W eek E n din g Aug. 19. 1898.
Received by I Shipped b y
y. r. Rank*.! y . r. Rank*.
N et Interior
M ovement.
..........................................................
5 5 ,508,000
8 33 .000
$3,588,000 G ain .$1,920,000
495,000
338 ,000 G ain.
T ota l g o ld an d le g a l te n d e r s ........
$ 6 ,3 4 1 ,0 0 0
$3,926,000 G a in .$2,415,000
S o ld
Result with Sub-Treasury operations and gold imports.
W eek E n d in g Aug. 19, 1898.
In to
Banks.
B a n k s’ In terior m ov em en t, a s a b o v e
$6,341,000
27,300,000
Out o f
Banks.
N et Change 4»»
! B i n * Holdings.
$3,926,000 G a ln .$ 2 ,415,000
3 3 ,300.000 L o s s . 0,000,000
T o ta l g o ld an d le g a l t e n d e r s ........ $33 ,041 ,00 0 $37 ,2 2 6 ,0 0 0 L o s e *3,585,000
The following table indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last vear.
Aug. 19 1897.
A u g. 18. 1898.
B ank o f
E n g la n d .........
F r a n c e ..........
G erm any •...
f t u s a ia .........
A u s t.-H u n g ’y
S p a in ...............
Ita ly .............
N etherland* .
Nat. Belgium *
Gold.
S
31,9? 4,867
75.411.552
28,025,000
109,400.000
a L t-s s w o
10 411,006
14.V53,000
4.230.00*
2,925,000
Silver. |
Total.
Gold.
Silver.
£
2
1
Z
z
i
.......... ! 34,934,807 33.053.708
49.318.540 125,233,028 81,485,203 49.047,851
14,745.000 43.370.000 23.830.000 14.9P7.00C'
4,3*3.000 113,708.000 93.377.fOv 4,721.000
12.609,000 47/97,001 37,935,00 > 12.5- 8.000
5,245,00!) 16.650,000
9.022,000 10/90.000
2,094.000 17,052,000 16,210,000 2.727,000
2.632 "00 6.3J5.000
6.875.000 11,165.00*
1,402.000
4.3S7.00C
2 772,000 1,386,000
lo ta
c
36,058,708
130/83.119
43,8l3.0b0
98/-98.000
50,523,000
19,612.01 0
17.993.000
9,617.001
4,158,0< 0
T ot.th ls week 315.986,419 97,216.540 13,202,905 307,433.970 10JH51861 410.335.827
T o t . prev. w’ k 415 938.760 00.973,449 117.906.19>! 300.015 975 l >2479911 401.625,se e
•The division (between gold and silver) given in our table of coin
and bullion iti the Bank of German/ and tho Bank of Belgium is made
from the best estimate vre are able to obtain; in neither ease is it
olaimed to be accurate, as chose banks make no distinotiou in their
weekly returns, merely reporting the total gold and silver, but we be Heve the division we make is a olo«e approximation.
N o t e . — W e r e c e iv e t h e f o r e g o i n g r e s u l t s w e e k ly b y caole. a n d w h ile
n o t a ll o f t h e d a t e g i v e n a t th e h e a d o f t h e column, t h e y a r e t h e re
turns I s s a e d n e a r e s t t o t h a t d a t e —t h a t Is t h e l a t e s t r e p o r t e d figures.
345
LETTERS IN FLU EN CE ON THE PRICE OF
WHEA T.
There is something strangely incongruous—we
might also say ludicrous—in the proposition started
in the West urging contributions from farmers to re
imburse Leiter for his losses in his great wheat specu
lation, which resulted so disastrously all around.
The proposition has taken various forms. At first
it was suggested that to express appreciation of
Leiter's efforts each farmer should set aside one or
two cents a bushel out of the receipts for his present
year’s crop and donate the resulting sum to the re
doubtable Leiter. Now it is suggested that the
proper way to show “ gratitude” to the fallen wheat
king would be to set iu motion an endless chain
arrangement. Indeed, according to the newspaper
accounts, this has actually been done, a farmer in
Sedgwick Co., Kan., having started the ball rolling
by a contribution of fifty cents, accompanying the act
by four letters to other farmers urging them to make
a similar small contribution and likewise write four
letters, and, thus keep the operation up.
We have no idea how widely the notions embodied
iu the suggestions here outlined are entertained among
our wheat raisers in the West. But just a little study
and reflection should convince the zealous spirits back
of the movement that they are engaged iu a very
foolish undertaking. Iu the first place, such proceed
ings, besides endorsing the doctrine that speculation
per se is wise and praiseworthy— to be commended and
encouraged—involve a surprising misconception as to
Leiter’s own conduct and motives in his speculative
manipulations. They proceed on the assumption that
Leiter went into his ventures because of a desire to
benefit the farming interest. As a matter of fact he
went into them for the sole purpose of making money
and making it on a very large scale. lie had millions
at his command and he thought he could make other
millions by the simple process of market manipula
tion, instead of applying the money in a legitimate
way in reproductive industry, which latter method
seemed altogether too slow.
Of course the idea underlying the propositions noted
is that the operator in question has proven himself a
public benefactor, at least so far as the farmers are
concerned, iu establishing a permanently higher range
of values for wheat. The proposition that such a
thing is possible— that the price of an article or com
modity can be permanently enhanced in value through
artificial means—Is such an utterly vicious one, so
thoroughly opposed to all experience, and so com
pletely refuted by the facts in the present case, that
it seems desirable to stop long enough to show how
seriously the farmers are deceiving themselves if they
think that Leiter’s manipulations of the market have
operated to their advantage. So far from having been
beneficial there is the clearest evidence that these
operations have been just the reverse.
The figure at which wheat is now selling-in our
'markets furnishes convincing proof of the loss which
our agricultural classes are sustaining by reason of
Leiter’s folly. Suppose the farmer wants to sell his
wheat now for delivery next month, what can he get
for it? Current quotations for the September option
furnish the answer. In New York September con
tracts closed last night at 69f cents, in Chicago at 65
cents, At the corresponding date last year the price
was 99J cents in New York and .93 cents in Chicago.
846
THE
C H R O N IC L E .
[V o l , L X V II,
Here is a difference against the present year of 2S@
The important point which this table brings out is
30 cents, and careful consideration of all the facts will that with the world's stock 49 million bushels less
convince any one that this difference must be ascribed than in 1896, 81 million bushels less than in 1895 and
mainly if not wholly to the operations of Loiter.
105 million bushels less than in 1894, wheat here in
It will no doubt be urged that last year in August New York commands only 69§ cents a bushel, in Chi
prices were up to high figures, that now wo have the cago but 65 cents and on the farm of course very much
promise of greatly enlarged crops both here and in less. The price now is hut little better than it was in
Europe, and that accordingly a lower range of values 1895, when United States visible stocks were nearly
this year is natural and should be looked for. Fur thirty million bushels larger than at present and the
thermore, that in all the years immediately preceding world's supply was 81 million bushels larger. Such
the last, prices were no higher than at present, rang comparisons bring out in a striking way the utter
ing here in New Y ork between G and 70 cents. But anomaly of the existing situation as far as prices are
O
while there is a basis of truth in all this, it does not concerned.
take into account one very important fact, namely
IIow is the lack of response to the controlling facts
the situation as to visible and reserve stocks. It seems of the situation to be accounted for ? Is there any
to be beyond question that the crop in the United plausible or rational explanation other than that the
States the present season will be materially larger than Leiter operations have had the effect of completely
that of last season. It may also be admitted that ac disorganizing the wheat trade for the time being "
cording to present indications the crops in Europe and We all know how these attempted corners have
the rest of the world will likewise be much better than worked iu the past, and the experience in this case
they were in 1897, though no one can tell at this date has been no different from that in the other cases.
what the amount of the addition will be, whether it The first, the immediate, effect of establishing an ab
normally high basis of values, such as was reached
will be large or small.
Two main factors always enter into the question of here in May, was to draw the last remnant
price. The size of the new crops, the extent of the of wheat from all parts of the world, while
old supplies. Granting that the present year (so far at the same time consumption was materially
The reader will remember the bread
as our knowledge goe3 at this date) the outlook is for reduced.
an increase under the first head, the fact that old sup riots that occurred in Italy, in Spain, and in other
plies have been drawn down to an extraordinarily low parts of Europe last spring on the great advance in
figure must be considered as counting as a full offset wheat. That seemed at the time an indication of
so far as the effect on price for the immediate present the success of the daring speculator's scheme. In
is concerned. We use the expression ‘ f extraordinarily reality, as events proved, it was just the reverse. It
low ” advisedly, for these supplies have been reduced was the forerunner of the defeat of his schemes. For
almost to the point of exhaustion, and it is this cir the fact that prices were so high that riots resulted
cumstance that makes the existing low range of evidenced that the people could not- buy the “ staff of
values so remarkable and so wholly out of accord life,” but would have to satisfy their demands with
apparently with the situation. Take the visible sup other foodstuffs.
As to the effect in drawing out supplies from every
ply in the United States. The total of the same has
been steadily declining for a long time past, and last nook and corner of the globe, we gave some illustra
Saturday was reported (according to the figures of tions in our issue of June IS, in discussing the
the Produce Exchange) at only 6,897,000 bushels. causes of the collapse of the Leiter specula
Taking
only the first two weeks of
This, be it remembered, is the aggregate for all the tion.
principal points of accumulation east of the Rocky June, we found that the shipments in these two
Mountains. Let [the reader ponder well the signifi weeks from the principal exporting countries had been
cance of the statement that there was less than seven no less than 25,723,000 bushels in 1898 against only
million bushels in sight east of the Rockies. At the 12,000,000 bushels in the corresponding two weeks of
corresponding date in 1897, when stocks had already 1897. While the United States contributed almost
got down to low figures, the total Was 17,226,000 ten million bushels of this total of 25f million bushels,
bushels, in 1896 it was 45,876,000 bushels, in 1894 Russia, which was supposed to have had a short crop
last season, sent forward over Sf million bushels, and
63.901.000 bushels.
Nor is it merely the stocks in"the United States that India 5^ million bushels iu those two weeks. The
are so greatly exhausted. Iu a measure the situation latter country had just harvested a new crop, but it is
here is typical of that in the whole world. “ Brad- also known that a good deal of wheat had been specu
street's” undertakes to give figures once a month com latively held for some time in India, and doubtless the
bining the European holdings (including afloat) with speculators of that country, shrewder than our own,
the American, and its statement for August 1 re took advantage of the opportunity to get rid of
ported the world's stock of wheat “ the smallest held their loads. That the movement from both India
on that date that there is any reeord o f.” It found and Russia at that time was largely forced is
that the aggregate of the European and American evident from the small amounts that are now being
holdings was less than sixty million bushels—59,533,- sent from those countries under the prevailing low
000 bushels, agaiust 64,040,000 bushels in 1897, 108,- prices. The United States is still shipping wheat at
nearly the old rate, the exports for the week ending
331.000 bushels in 1896, 140,417,000 bushels in 1895,
while iu 1894 we figure the aggregate was fully 165,- last Saturday having been 4,386,535 bushels. On the
000,000 bushels. We annex the following interesting other hand, the exports from Russia for the same week
table comparing prices, visible supply and stocks for were only 1,006,000 bushels and from India but 176,000 bushels, while nothing at all was sent out from
the last five years.
1807.
either Argentina or the Dauubirn Provinces.
IB9S.
15.
80
3835.
1694.
03
W
mt
New York price A uk. 20. C 6
am
59%
In their after effects the Leiter operations were no
T.revio p week’s U. P.
vislbl? supply...............
000 17,226,000 46,876,000 16,308,000 68,901,000
less harmful. The fact that he was-carrying large
q l o c k e whole w o r l d
_____ A
,000 105.000.000
*-Avt*. ! ............................59,583,000 64,010.000 108,381,000 140,11
A ugust 20. 1898.]
THE
C H R O N IC L E .
amounts of wheat at the time of his failure of course
acted as a damper on the market. These holdings
had to be disposed of, and so long as any portion of
them still hung over the market no recovery was
possible. The farmers might withhold supplies from
the new crop from market, as they actually did, but
values could not move upward when everybody knew
that some of the Leiter wheat still remained for sale.
The same circumstances no doubt also explain the
continued large exports, notwithstanding our farmers
have not been selling at all freely.
These export
shipments we must suppose are made up very largely
of Leiter wheat. In addition to all this, the failure
o f a “ deal” of the dimensions of that of the Chicago
speculator necessarily remains a depressing influence
for a long time afterward. The market naturally
continues unsettled, confidence in values is de
stroyed, and a3 sentiment plays such an im
portant part in operations on the Exchanges, the
pendulum is very apt to, swing from the extreme
of abnormally high prices to the other extreme of
abnormally low prices. It is easy to see, too, the
influence of favorable crop reports at such a juncture.
Suppose now that Leiter's operations had not come
in to disturb the whole course of things, what then
would be the situation. What has been said above
shows that except for these operations the demand
upon this country would have been heavily increased
—and in a double way. In the first place the wheat
from other countries, which only the abnormal prices
of last May could coax from its hiding places, would
not have come out, and it would have remained for us
to fill the position which these shipments occupied.
In the second place consumption in both Europe and
America would have continued normal, instead of
being, for the time being, heavily reduced, making an
added call on U3 on that account.
The effect of such extra demands on stocks is not
difficult to discern.
We have seen that even as it is
supplies are down to the lowest figures on record. In
the contingency mentioned they must have been com
pletely exhausted, and drafts upon the new crop, to a
large extent, become an absolute necessity.
The
probable result upon prices is perfectly obvious. In
view of all the circumstances of the case, therefore,
does it seem any exaggeration to say that, except for
the Chicago operator’s folly, prices would now cer
tainly be ranging 15 to 25 cents a bushel above the
current level of values, and might not unlikely be
ruling at a higher point than any touched except when
Leiter was engineering hi3 ‘ 'corner.” Obviously, too,
a 650-million crop, already largely drawn upon, would
in that event have no terrors for the future.
But perhaps some will be inclined to claim that
Leiter is to be credited with having created the
relatively high prices which ruled prior to the final
manipulation and collapse in May and June. The
farmer certainly did get during the twelve months to
June 30 a better return for his wheat than ho had
been receiving for many a long year. But to give
credit to Leiter for this is to assume that he had a
hand in bringing about the crop shortages in Europe,
in Asia and in Australasia.
It was the condi
tions that brought about the rise in prices, and
the operator in question merely took ad vantage
of these conditions.
We showed in oar issue
of May 14, 1898 (page 927), that the wheat
crop of the world in 1897 aggregated only 2,214 million
bushels, against 2,430 million bushels in 1896 and
347
2,546 million bushels in 1895. This is what furnished
the foundation for the great advance in prices. A
similar combination of favoring circumstances in 1891
and 1892 brought an even higher level of values with
out the aid of Leiter. Indeed, the dealings of this
speculator must be sa:d to have had a distinctly ad
verse effect upon values, even before his final effort
and collapse.
All through the winter months it was an open secret
that he was carrying a heavy load, and though cir
cumstances seemed to favor him, his position in
the market at this time was certainly not a
stimulating influence. Nor could prices have been
put up to the absurdly high figures touched
in May except for the outbreak of the war. This last
occurrence produced a veritable panic among con
sumers. As it was known that the world’s crops had
been short for two successive years, and as it was also
known that supplies were down to a very low figure,
there was a simultaneous scare throughout the world,
and everybody wanted to buy at the same time, with
the result of sending prices up by leaps and bounds.
If the daring Chicago speculator had been a far-seeing
man, he would have unloaded the wheat which had
proved a burden to him so long, and closed his deal
there and then. Instead of that, he added fuel to the
flame, and invited his certain doom. The extreme
prices then reached of course were of no advantage to
the farmer, as the latter had already disposed o€ the
bulk or the whole of his holdings, and the wheat then
remaining in the country was mostly in second hands.
It is thus evident that the farmers, so far from owing
the Chicago speculator a debt of gratitude, have been
distinctly losers through his operations. They are to
day forced to accept a much lower price for their
wheat than if Leiter had never appeared on the scene,
And this is an extremely important lesson to learn,
for it repeats the experience which has attended every
one of the attempts in recent years to corner the
market and establish abnormally high prices. They
have one and all proved flat failures, and have done in
calculable injury to the producer. The Western
farmer, instead of encouraging such schemes, should
\isit them all with his disapproval and condemnation.
PROGRESS OF SOUTHERN R A IL W A Y .
The annual reports of the leading railways of the
country for the year ending June 30 are now follow
ing each other in quick succession. Last week we
commented upon the promptitude with which the
Chesapeake & Ohio issued its report; the present
week we have the annual statement of the Southern
Railway for the same twelve months. In this case
the celerity displayed in getting out the document at
tracts no less attention. The Southern Railway of
course is a much larger system than the Chesapeake
& Ohio—it comprises nearly four times as much
mileage and covers a much wider expanse of territory.
The previous year the report did not come until Octo
ber, and it is quite unexpected to get it so early this
time—say only a month and a half after the close of
the period to which it relates. The achievement ap
pears all the more noteworthy when it is remembered
that the report is a very elaborate one, of folio size,
and in the financial and operating details as minute as
could be wished.
As to the character of the showing for the twelve
months, there is every reason to feel satisfied. It wa
348
THE
C H R O N IC L E ,
evident from the weekly and monthly returns, issued
during the progress of the year, that the outcome
would be better than for the preceding twelve months.
The final result now to hand is distinctly a surprise in
showing a much larger balance over and above charges
than security holders and the public had generally
looked for. In brief, for 1896-7 the surplus on the op
erations of the twelve months was $445,920; for 1897-8
the surplus is in excess of a million dollars—stated in
exact figures, $1,007,013. Put in another way, while
the company in 1896-7 earned not quite one per cent
on its 57 millions of preferred stock, in 1897-8 it
earned almost two per cent on these preferred shares.
Several circumstances go to emphasize the favorable
nature of this exhibit. In the first place the year was
not one of more than ordinarily satisfactory condi
tions. The report speaks of the general improvement
in business throughout the country being reflected in
the revenues of the road, and so it is; but the expres
sion is to be taken in a relative sense, and the reader is
not to infer that the term of twelve months included
in the report covers a period of full or marked pros
perity. The most that can be said is that the situa
tion was better than it had been in the years imme
diately preceding. Being in the South, the Southern
Railway was not in any event in a position to profit to a
great extent from the conditions which proved so poten
tial in advancing the welfare of the Western roads.
The principal agency in this advance was the heavy
grain movement, and the great prosperity of the farm
ing classes resulting from the coincident high price
which they received for their product. In the South
these favoring factors cut only a small figure in the
results, for the very obvious reason that the South,
unlike the West, does not raise a large surplus of
grain for the outside market.
On the other hand, there were some distinctly un
favorable influences and conditions. The cotton crop,
the chief staple of the South, was large beyond prece
dent : but unfortunately the price received was very
low. offsetting the advantage arising from a heavy
yield. In this the position of the Southern planter
was just the reverse of that of the Western
farmer. Then also the existence of yellow fever
in certain portions of the South, with the quaran
tine restrictions imposed by the various State, county
and municipal health officers, proved a serious inter
ruption to business. The first quarantine notice, the
report informs us, was served by the city of Meridian,
Miss., September 15, and the quarantine was not
raised until November 17. President Samuel Spen
cer, referring to this disturbing influence, says that
tlie traffic npon the company's lines was somewhat
affected at all points, and was practically stopped in
certain portions of Alabama and Mississippi by the
fever. Towards the close of the year the movement
of United States troops in connection with tlie war
with Spain added considerably to the passenger traf
fic for the time being, though the troops were trans
ported at low rates.
That the year was only ordinarily favorable, and
not extraordinarily so, is also attested by tlie relatively
small improvement reflected by the passenger and
freight statistics. Comparison with 1896-7 is some
what disturbed by the fact that during the last four
months the operations of the Memphis & Charles
ton were included in 1897-8, while in 1896-7
they were not included at all. But the report
presents tables to show the comparison on an even
[VOIi. LX VII;
basis of mileage for the two years—that is with
the figures of the Memphis & Charleston eliminated
—and from these we see that the freight earnings
record an increase of only 8*21 per cent, the tons moved
also 8 21 per cent, and the tons moved one mile,
8*51 per cent, This, be it remembered, is in com
parison with a year of indifferent results in 1896-7.
In the recent report of the, Chicago & North Western
for the twelve months ending May 31, the increase in
the freight traffic (tons and tons one mile) was found
to be respectively 29*35 per cent and 34*45 per cent.
Even in the passenger traffic, notwithstanding the
advantage tderived from the movement of United
States troops, the Southern's ratio of gain has been
relatively small. In the number of passengers car
ried the increase was only 3*52 per cent, in the num
ber one mile 11*21 per cent, in the passenger earn
ings 8*86 per cent.
We are thus particular in emphasizing the fact that
the year was not one of full or unalloyed prosperity, be
cause it makes the income showing for the 12 months
all the more insignificant on that account. In other
words, if in a year of only moderately auspicious con
ditions the company can earn two per cent on its pre
ferred shares, obviously the conclusion would seem
warranted that if hereafter the country as a whole,
and the South in particular, should be blessed with
a period of complete prosperity, the prospect for a
higher return will be correspondingly brighter.
Another fact should not escape notice. The sur
plus of $1,007,013 for the late year remaius on the
basis of the maximum of fixed charges provided under
the reorganization plan. This reorganization, it will
he remembered, was undertaken on a conservative
basis— that is to say, some of the bonds issued iu ex
change for the old securities bore a graded rate of
interest, beginning at a low figure and then gradually
rising till the maximum was reached. In the late
year the full interest charges on these issues of bonds
had to be provided, and thus the year’s results are not
subject to the qualification which had to be made in
previous years, that interest was still to an extent on
a partial basis.
Lastly, the fact that the Southern should be able todo so well is full of encouragement as regards thefuture of all reorganized properties. It shows what
tremendous possibilities lie ahead for all American
properties where they are on a secure and solvent
basis and their opportunities for development are
earnestly and persistently availed of in accordance
with sound principles. If ever there was a system of
railroad lines that seemed hopelessly beyond redemp
tion, it was the old Richmond Terminal combina
tion. Both physically and financially these lines
were a complete wreck. They had been allowed
to run down so far and so long, and their finances
were so inextricably involved, that even the most san
guine could scarcely see a ray of hope ahead. Yet by
degrees order was restored out of chaos, and the prop
erties put on a new and improved basis. The result
is that now with the system extended again to pretty
nearly its old dimensions, the Southern Railway in the
fourth year of its existence (the annual report is only
the fourth one) is able to show a fair dividend earned
on its preferred shares, with apparently still better
prospects, as already indicated, in store for the
future.
The acquisition of the Memphis & Charleston dur
ing the year involved changes In several of the items
A ugust 20, 1898.]
THE
C H R O N IC L E .
in the balance sheet, and these are all carefully ex
plained in the report. There is no floating debt, in
the strict sense of the word, and there has been none
since the organization of the company. The ordinary
current liabilities for supplies, pay rolls, etc.,
amounted to $4,345,638 June 30 1898, and against
these there were offsets in the shape of cash and cash
assets on the same date to the amount of $4,597,'177.
The company is privileged under the provisions of the
consolidated mortgage to withdraw from the trustee
$2,000,000 of bonds in each calendar year for new
and additional property.
This privilege was not
availed of at all in 1897.
The present year only
$1,000,000 has been withdrawn thus far, and the re
port states that it is not intended to make any
further withdrawals in 1898.
The expenditures on capital account during the
year are enumerated at length, and examination of
the items shows that they were for the acquisition or
construction of distinctly new property.
As indicat
ing the efficiency with which the road is being ad
ministered, a table in the report shows that while the
tonnage movement one mile increased 9’37 per cent
and the passenger movement one mile 1 1 L per cent,
the cost of conducting transportation increased but
4 ’95 per cent.
On the other hand, the ex
penses for repair of equipment per engine mile
and per car mile were much in excess of previous
years, indicating the extent to which this work has
been carried. The expense per locomotive per mile
was 5-58 cents in 1897 8, against 4 -39 cents in 1896-7
and 4-19 cents in 1894-5; per freight car per mile
0-53, 0 -47 and 0-47 cents, and per passenger car per
mile 1-07 cents, 0-85 and 0 ’83 cents respectively.
President Spencer points out that during the year
over 200 new manufacturing establishments of var
ious kinds were wholly or partly constructed at points
upon the company’s lines, and that the outlay on this
account must have been at least $4,000,000. These
new plants, he says, include thirteen cotton mills
which, together with additions during the twelve
months to previously existing mills, will contain 258,000 spindles and about 2,200 looms.
RAILWAYS IN JAPAN*
T o k io , J u l y 26, 1898.
The early history of railways in Japan is closely
connected with the life of that interesting personage,
Vice-Coant Mownye, who once made his escape from
his country in order to receive an education in Eng
land. The presence of formidable foreign ships in Yo
kohama harbor, and the imposing air of Englishmen,
with their far-reaching experiences, with whom the
Vice-Count came in contact as early as 1860, incident
ally made a deep impression upon him and inspired him
with his desires. He grew enthusiastic about going to
England to learn of foreign countries and especially to
try to discover the secret of their greatness and
wealth. But then Japan was ruled by the tyrannical
Shogunnate who prohibited his subjects from going
abroad under the penalty of capital punishment.
The law was rigorously enforced, and many who
attempted to violate it were beheaded. The severity
of the law did not, however, in the least discourage
the Vice-Count. He was privately assisted by a ben
evolent Englishman and was put quietly on board of
an English vessel. In England he studied mechanics
* Communicated by our Correspondent at Tokio.
349
and civil engineering, the knowledge of which be
came soon afterward very useful in Japan.
Meantime the Shogunnate surrendered his political
autonomy to the Mikado, who, at the time of his
accession to the throne, declared his adherence to the
new policy of democratic principle. He repealed
many wanton and malignant laws which were in force
under the Government of Shogunnate. Especially
did he remove the rule prohibiting Japanese from
going abroad. It was after removal of this rule that
the Vice-Count returned home and was received
warmly by his fellow-countrymen. His knowledge of
Western countries, and especially of modern techno
logical arts was a most precious thing for his country.
He was at once appointed Director of Mint. While
occupying that position he wrote his famous memo
rial urging his Government to adopt a railway system.
It was in the year 1868, only a year after the accession
of the present Mikado, a year before the removal o f
the Capital from Kioto to Tokio, and it was the time
when the country was undergoing violent changes,
both in her political and social status. For then the
feudal system which had ruled Japan for several cen
turies was falling to the ground, and the prefecture
system was coming to be adopted.
In those days the Japanese people knew little of
Western countries, and had not the faintest idea of
railway transportation.
Fortunately, however, the
memorial of the Vice-Count was received both with
curiosity and enthusiasm by the Government. The
Mikado’s Government immediately proceeded to carry
out the plan suggested by the Vice-Count, and ap
pointed him Director of Railway Department, while
ho, in turn, chartered a staff of English engineers.
Mr. R. Vicars Boyle was made Engineer in Chief, Mr.
J. England Deputy Engineer in Chief and Mr. W.
W. Cargill Secretary. Mr. Boyle, accompanied by his
foreign assistants and Japanese students, made a com
plete survey between Tokio and Kobe, and in 1876 he
submitted the result of his work to the Government,
urging the latter to select the Nakaseudo route and
discard the Tokaido line. The reason for preferring
the former to the latter was that the Nakaseudo route
would open up the interior of the country, while the
Tokaido route, being along the Pacific Coast, would
not bring as effective a result as the other in the pro
duction of wealth in the country.
The Nakaseudo route covers nearly four hundred
miles, and the expense required for construction was
estimated at six million pounds sterling. The Gov
ernment not being prepared to furnish this sum, post
poned the scheme indefinitely. When the Govern
ment finally became ready to make the necessary ap
propriation for the through line between Tokio and
Kobe, they chose the Tokaido line and rejected the
Nakaseudo route, for the simple reason of a cheaper
expense. After the Chino Japanese war the Military
Department announced their view regarding the To
kaido route and argued that the route being along the
Pacific coast is exposed to the danger of naval attack;
and in that case the military communication in the
main island might be cut up at any moment. The
matter was warmly discussed in the House of Repre
sentatives, which voted for the Nakaseudo line.
Thus the route which was selected and warmly reconimeuded by Mr. R. Vicar Boyle, some twenty years
ago, is now in progress of construction.
Going back to the earlier date, we find that in 1872
a short line between Tokio and Yokohama was fin-
850
THE
C H R O N IC L E .
[Y ol. LX TO.
In order to encourage people to start railway enter
prises, the Government in 1887 issued the law regu
p
li
lating private railway corporations. Recording to the
law
li a franchise may he granted by the Minister of In
terior to those applicants consisting of more than five
t
persons who are capable of contributing more than
p
twenty per cent of the capital required. An applica
t
tion is subject to careful examination by the Railway
t
Council, the body consisting of officials of Military
(
Department, of Bureau of Public Works in Depart
1
ment of Interior, of Department, of Agriculture and
t
Commerce, and of officials of Treasury Department,
“ A passenger shall purchase a ticket at the ticket window, 1
shall show it to a ticket examiner before entering his car- of professors of the Imperial University of Tokio, of
c
riage, and when he arrives at his destination he shall deliver bankers, and of eminent business men. Besides, the
\
his ticket to a ticket examiner in that station,"
j
law reserves a considerable right of supervision to the
In spite of the inconvenience of the foreign Ian- (
Government.
It demands that the route granted
guage, those native officials of the Department (whom should be constructed in a limited time, and that
=
I have called Japanese students above) mauaged to 1
bridge, tunnel and embankment shall be constructed
learn their new business quickly. The two short lines so as to meet the approval of the Railway Commissioner
t
above mentioned served them as splendid schools of or his agents.
<
railway technics. There they learned not only how
In time of war a private railway company is bound
to operate the railway but how to construct it.
In a i serve for military transport at half the rate of the
to
few years the Euglishmeu left the country at the end ordinary fee. Even in the time of peam the com
i
of their term of employment, while on the other hand pany is not allowed to charge the full rate, either for
•
there were many Japanese young men who wore edu- military or postal services. The maximum rate of
:
cated in various engineering courses by English pro- : for third-class passengers is fixed at one and onefee
fessors in the Imperial University of Tokio. Some of 1
half sens per mile, but this rate could not be charged
these turned out to form a splendid staff of civil en without permission from the Government. In prac
gineers.
tice, as the Government route charges only one sen
The Tokaido Railroad was completed in 1887. It per mile, private companies are restrained from charg
covers four hundred and forty miles, and forms the ing any rate higher than that of the Government line.
through line from Kobe to Tokio. It is the best pay
A similar rule is adopted for the freight service.
ing line that exists in Japan at present. It yields a Although in freight there is no maximum rate fixed,
net profit of four or five million yen per annum, or every railway company is requested not to charge any
more or less than ten thousand yen per mile. The more than the Government route does. Beside these
route has become very popular. It widened the mar there are two more important, rights reserved for the
ket for local products and encouraged business in Government. (1.) The Government may withdraw a
general. On these accounts the Japanese Govern franchise at any moment when such a step shall be
ment decided to extend the line as far as possible, and imperative for the sake of peace and the existence of the
at the same time they encouraged private railways. country. (2.) After twenty years of operation of any
Thus in 1888 the Government route was increased to particular route, the property of private railway cor
six hundred miles and in 1896 to eight hundred and poration relating to that particular route may be
seventy miles.
purchased by the Government at the average price
According to the report of 1897 the Government of stock quoted in markets for ten years pre
owned one hundred and eighty-three locomotives, vious to the official declaration of the inten
seven hundred and ninety-six carriages and two thou tion to purchase. This last provision would pave
sand three hundred and twenty-eight wagons, yielding the way for State ownership of railways— a proposi
au annual net gain of four million and four hundred tion which even now many people are urging and
thousand yen, the mileage receipts being nine thousand seeking the public to endorse.
According to the ad
and five hundred yen, while the mileage expenses for vocates of State ownership, the purchase of privateoperation were four thousand four hundred yen, and railways by the Government at this juncture is imper
the same for construction, seventy thousand yen.
ative, because those railways, so they say, might fall
The success of the Government railways had made into the complete control of foreign capitalists as soon
a number of peers enthusiastic about starting a new as freedom of trade in the interior of Japan is granted
line running northward from the Capital, and in 1880 to foreigners under the revised treaty, which will be
they obtained a franchise from the Government. In put in force on July 1 1899. But such a view as this
the following year they formed a strong corporation, is purely imaginary and it scarcely deserves our fu r
with a capital of twenty million yen, under the name ther attention.
of .Japan Railroad Company. In 1883 a section covering
Referring again to the law regulating private rail
sixty-three miles was opened, and in that year the way corporations, we may say that in three years
company declared its dividend of ten per cent. Grad after its promulgation there were 23 companies,
ually the company rose in prosperity. Now it has a with a total capital of 77 million yen, and in
capital of 66,000,000 yen and a surplus of 76,000 yen. 1896 there were 53 companies with a total capi
Its mileage includes several branch lines and aggre tal of 160 million yen, and with rqutes in operation
gates 784 miles; its semi-annual receipts, according to covering 2,163 miles; by adding to this the Governthe semi-annual account of 1897, amount to 3,862,000' ruent railways, we find 3,034. miles in operation at the
yen; its stock commands fifty per cent above the facei end of 1896. The following table will give a cursory
value, and the'company owns 160 locomotives, 796: view of the progress of railways in Japan and also o f
their present condition.
earriages and 2,328 wagons.
ished aud in 1.^74 its sister line between Kobe and
K ioto was opened. For the first several years the rail*
road business on these routes was operated almost exclusively by Englishmen, admitting little by little
some competent Japanese students to take their
places. The pedagogical attitude of Englishmen was
applied to every line of railroad management. Thus
even the early railway regulations, which were as a
rule drafted by (he English Secretary, bear their pedagogioal tenor. Eor instance, the first article in one of
the railroad regnlations runs as follows:
THE
A ugust 20, 1898, J
C H R O N IC L E .
D E V E L O P M E N T O F R A I L W A Y S IN J A P A N .
Called
capital.
Y en.
P a id
capital.
Yen.
. 133
9.972,075
9,972,075
1.990.499
.. 133
. 625
' 9,972,075
?2,760,840
77,590,000
110,350,840
36,103,2-2
75,79 -,200
111.890,452
40.391,454
86,693,200
127.(84.054
43,703,046
121,138,000
164,841,040
48,980,989
160,420.000
209,400,989
9.972,075
32,760,840
39,035,917
71,796,757
1.290.499
3,305,442
1,970,972
6,270,414
3,977,097
645
3,417,680
045
7,494,773
4,295,838
4,333.877
8,034,715
5,952,583
5,844,070
11,790,653
0,448,610
7,277,550
13,728,172
Miles.
Passenger
receipts.
Yen.
Surplus.
Y en.
G o v e rn m e n t...
S
i
P r i v a t e .........
T o t a l s ..........
G overn m en t
P r iv a te .........
18fl0 < Private.
..1,545
. 712
.1,524
.2,230
.. 757
..1.823
( G overn m en t.. . 792
, 2.002
.2,794
,. 870
2,104
.3,034
S
IS
T ota ls.............................
( G overn m en t. 259,450
1880 < P r iv a t e ..........................
( T o t a ls ............ 259,450
l G overn m en t. 707,907
1890( P r iv a t e ......... 918,847
LT o ta ls ............1,680,814
( G overn m en t.1,300,390
1893 ! P riva te..........2,270,074
LT otal s............ 3,570,470
f Governm ent.1.430,530
1394 ! P r iv a t e .......... 3.080,010
[T o t a ls .............4,510,540
f G ov ern m en t.1.921,354
1895 { P r i v a t e .........3,899,158
[fT o t a ls .............5,820,512
Government.1,681,281
1890 P r iv a t e ......... 4,250.087
. ...0 ,9 3 7,308
1.000.
1.000.
40,391,454
60.677,682
101,009,130
43,703,040
72,120,301
116,829,347
48,980,989
87,945.597
130,920,580
Total
receipts.
Yen.
174,930
I reight
receipts.
Yen.
G ov ern m en t................
P riva te ........................
512.845
512.845
E xpense.
Yen.
174,930
1,555,797
1.302.033
1.302.033
1,001,203
1,001,293
1.487,794
1.4*7.794
----- P e r mile
Expenses ConstrueB eceiots. o f running. tio n cost.
Yen.
1 ev.
Yen.
113.404
608,224
008,224
1,555,797
4.213,804 2,001,273 6,742
4,300,478 1,560,077 4,740
8,574,282 3,507,950
5,741
5,384.455 1,942,376
7,502
4,057
------------- 3,034,967
7;097,193 4,977,343
12,4*1,048 2,149,089 7,070
8 711,115 3.S8 6,490 4,778
5,810,490
14,521,005 5,830,179 0,227
'
................................................
8,004.233 2,951,501 10,100
11.518,199 4,712,005 5,758
7,932
19,523,432 7,003,500 ------8,273,052 8,815,063 9.509
13,662,177 5,505.452 0,205
3.552,177
21,825,829 9 ,3 o l.llo
7.887
01
,1 0
3,202
1,705
50.56S
2,454
2,728
1,991
2.300
2.708
2,0 ?2
2.335
3,727
2.400
3,007
4,380
9,573
3.479
N o o f C a r r i a g e s p e r M ile .
18*0.
0-9
0*5
2-7
1*
1*
0-8
0-4
1*4
0 2
0988
1897.
0-9
0-8
2-7
1*
1*4
10-5
2*
0-2
1-166
1815.
2-8
22*3
21
1-2
2*7
31
0-9
3 1
2*244
18972*9
35
23
2*9
2*3
39
74
1*5
31
3 311
Thus the number of various cars per mile was uni
formly increased, but the railway traffic was increased
much faster. Consequently, passengers were always
packed in the narrow and uncomfortable carriage,
and freights were piled up in warehouses, frequently
causing much annoyance to the owner of goods by
making considerable delay of delivery. In order to
prove my statement, I think it is best to give the fol.
lowing table, indicating the increasing earnings of pas
senger and freight traffics per mile of each car.
-— P a s s e n g e r t r a file — %
E a r n i n g s o f ea c h
c a r r i a g e p e r m ite .
1893.
Y en
1895.
1897.
Y en .
Y en .
.7,000
Hankai
Sanyo
Kansai
Kobu
K iu sh in
■8a n ^ ii
Tanio
8,351
8,226
5,946
6,454
460
1,332
4,785
5,432
.2,305 3,091
2,884
5,795
7,548
8.930 11,640
..1,116 3,770
3,808
2,555
5,940
Average........................ 3,720
4,853
5,918
-— F r e i g h t ( r a f f l e —*
E a r n in g s o fe a e h
w a g o n p e r m ile .
1893.
Y en .
680
1,008
45
361
617
619
346
123
475
AN N U AL D IV ID E N D S D E C L A R E D
B Y V A R IO U S C O M P A N IE S.
1893.
1894.
1895.
P .G t.
1896.
P .O t .
1897.
P .O t .
P .O t.
P .O t.
Nippon RR. Co............... ...........
Sanyo RR. Co................. ..........
Kaueai RR- Co............... ..........
Kiushiu RR. Co.............. ...........
Sanvu RR. Co.................
Tanko RR. Co...........— ...........
10
4.1*
3I-n
5 'l0
7%
10
6 i3
5*0
7‘ 3
413
12
Average................... ...........
61l0
10*3
10710
6*5
9
10
12
7*3
11
7*5
3 i3
845
11*2
121S
101*
8i*
5H
10
12*3
I ll s
9!l0
10ia
P A ID V A L U E S O F STOC KS AN D T H E I R M A R K E T P R IC E S .
N o . o f W a g o n s p e r M ile ■
1893.
2-7
1*8
1-8
2-5
1*2
2-5
2*5
03
2*4
1-966
Thus accordingly the earnings of the railway compan
ies have kept increasing year after year, but on the
other hand the running expense was (as I have already
shown) increased nearly in the same proportion. Con
seqnently the net profit of every company for the last
term was almost the same as it was three years ago.
Meanwhile the rate of interest has been steadily rising For instance, the market rate in Tokio was quoted at
six per cent five years ago but now is eleven per cent.
On this account the prices of stocks in general have
fallen year after year, as one may notice in the fo l
lowing table:
04,70 L
38,049
.— 1893.— ,
51,375
P a id . P rice.
Yen.
Yen.
05.980
39,542 Nippon RR C o . 5 0
103
52,701 Sanyo
31ia
27
“
5535
07,703 Kansai
“
47
42,390
40
Kiusliiu “
38
55,035 Sanvo
•
*
100
50
70,630 Tanko
50
'
77Y.0
44.906
57,708
Average...... ---- 43 ‘- 1 67*9 o
A few words are required to explain the mileage re
ceipts and expenses. During the last few years gen
eral prices in Japan have been constantly rising, and
therefore one need not be surprised at the fact that
the mileage expense has increased in average from
two thousand and four hundred yen in 1890 to three
thousand four hundred yen in 1898, and that for the
same reason the mileage expense for construction was
increased from fifty-one thousand yen in 1891 to fiftyseven thousand yen in 1898. Meantime economic ac
tivity grew year by year and railway traffic was in
creased considerably. On the Government route the
mileage receipt was increased from sixty-seven hun
dred yen in 1890 to ninety-five hundred yen in 1896.
In order to meet the increasing traffic 1both the
Government and private routes have enlarged the
number of carriages and wagons. The following table
shows the increase of these cars per mile.
1893.
Government route.0-8
Nippon RR. Co. .. . 0 4
Hankai
...2 6
Sanyo
“
Kaneai
“
....1 *
Kobu
“
___1*
Kiuahlu
“
....0 4
Sangu
“
---- 1*3
Tanko
“
....0 -2
Average............ ....0 -9 6 6
351
189 “. 1897.
>
T en .
866
Y en
1,201
61
847
672
671
463
214
610
705
1,010
126
528
462
702
652
360
1,186
623
637
/— 1895.—
Paid. P rice.
Y en.
Y'en.
50
30
47
41
50
50
116
6 3i5
76
70
90
10215
44-’ a 86?3o
— 1896.— .
Paid.
Y en.
50
30
50
41
50
50
P rice.
Y en.
99
59
58
85
86>*
451 6 7113] 5
.— 1897.— ,
P a id .
Yen.
50
40
50
40
50
50
Yen.
76
43ia
50
48
80
9 215
4623 651-20
Having given an outline of the history of Japanese
railways, some remarks ou their present condition
may be interesting. There are several particulars in
which improvement is possible. As we have already
seen, the Japanese railways have been built by Eng
lishmen and their Japanese pupils. Ilonce it is not
surprising to find the clumsy English carriages and
four-wheeled wagons universally in use here. Not
only are the carriages and wagons made after
English models, but the locomotives are also
English, with much inferior speed and capacity to the American locomotives. Moreover,
engineers
began with the
as the English
narrow gauge, all our railways are still of this
gauge, which system is a decided bar against improve
ments. It ha3 been often proposed to open the sleep
ing-car service. But as our system of narrow gauge
prevents us from using large passenger cars like the
Americans, and our present carriage can hold only
eight berths, the sleeping car system could not be ad
vantageously operated here in Japan. At present pas
sengers are obliged to lie down upon their seats or
else leave the train and spend the night at a hotel.
Carriages and wagons, too, are of very small capacity.
The wagon can carry an average of but five tons,
while passenger cars can carry between twenty and
fifty persons, according to the grade of carriages. In
the third-class carriages seats are made very small and
passengers sit by pushing to each other, but in the
second and first-class, seats are made much larger and
more comfortable, with the result, however, that
these carriages hold much smaller numbers of passen
gers. The worst of all is the small locomotive, -with
limited capacity and speed.
It runs only twenty
miles an hour. Under.these circumstances it is abso
lutely impossible to transport heavy materials and
large bodies of troops in limited time.
Our Military Department has proposed frequently
to replace the existing system of narrow gauge by the
broad one, but the Railway Department objected to
the proposition on the ground that since our routes
consist mostly of single track the process of broaden
ing would, of necessity, interfere with the daily
352
THE
CHRONICLT
ojil-l■ation of the roads. Thus we are apparently un
to reconstruct our railways but obliged to bo
C O D t ented with the present unsatisfactory systoin.
At present our Railroad Department is laying down
an additional track on the Takaido line. This is cer
tainly a splendid opportunity for paving the way to
the adoption of the broad gauge; for the new track
could be made to be fitted for broad gauge, or at least
it could be so constructed that it might be turned into
the broad gauge at any time. But the Department
lacks courage and has no determination to carry out
this plan, thus putting olf indefinitely the much needed
railway reformation.
i4lonct;n-uf(Conimevcinl gngUsIiJJjeius
a b le
IMPORTS A N D EXPO RTS FOR JULY.
The Bureau of Statistics at Washington has this
week issued the statement of the country's foreign
trade for July, and from it and from previous state
ments we have prepared the following interesting
summaries. The tables are the same as those hereto
fore given by us in our article on the financial Situ
ation.
Fob ugh T rade movem ent of the U nited states
in the following tani*** three olphera (000) are In all oases omltt
E xport*.
Slerch’ dise. 1
Jau.-Mnrcb. 3 16.«'»o4
99.2U
Mny..........
1 1 1.-57
9 1.981
June..........
7*2,467
July...... ...
Im ports.
Exert a.
»
185.U1 +130.613
55.08* *44.1*7
5 1,4*8 + 56,'03
A*
■*4 3-73 L
50,071 + 21 ,? 13
Total....... 694.US9 37 6,893 +317.133
Gold and Gold iu Ore.
Jan.-March.
4 3.333 —38.916
4.41*
1.323
3*2.012 —31 ,2.-9
April— ..
13,3*2 -13.213
109
May..........
—*2.954
June.. .....
370
3.380
July.........
1.107
—1.116
‘ .013
2
7,723
95,210
Total.. ...
Silver and Silver in Ore.
1*2.157
6,917
Jan -March.
4.100
*2.373
April . __
M ar.........
1.571
4,18 i
2.038
June.........
4.15*
4.880
3.036
July..........
Total......
*29.478
15.919
+ Excess of exports-
V.
.»
E x p o rts.
Im ports.
1
t
?
‘ « 1 ,055 186.943 +74.112
2
7 7.6*9 KM .34*. —*2 i M 3
7 7.-71
—1 .*87
79,3 8
85,183 —» 1.990
73.1*3
53,675 + 17,129
71,104
500,872
t ,370
6.632
9,4rtM
7,626
5,463
506,481
+54,391
3,213
972
950
1,093
939
-1.813
+5,660
+8,518
+6,533
+4+21
—>7.187
3 0,559
7,iar
+23.392
+ 5,240
+ 1.727
—
2.'4 2
+*2.126
+ 1+51
13,822
a ,*'b7
4,349
5."S3
4,7' 5
7,116
*2,183
*2.750
‘2.993
2.B91
+6+06
+*2,7 4
+ 1,599
W2.CS8
+*2,oil
+ 13+59
32.859
17,741
+ 15,318
— Excess of imports.
We subjoin the totals for merchandise, gold and
silver for the seven months since Jan. 1 for six
years.
M e r c h a n d is e
S even
M o s.
1898.
1897
1896.
1895
1801.
1893.
E x p o r ts . I m p o r ts .
?
?
694,029 3 7 6 6 9 6
560.872 506.481
5 I *2,3 iO 4*21,761
143.107 464,626
156,681 397,681
4 5 7 .S U 5*20,383
GOLD.
E xcess
of
E x p o r ts
SILVER.
E x
p o rts.
Im
p o r ts .
E xcess
E x
of
E xports p o rts.
Im
p orts.
$
*
3 1 ? 131
7,72*
30.55P
5 1.92*
39.417
-*5.170
73.892
*
95,210
7,167
‘2 7.613
*27.559
13.270
17.710
$
t
*8 7 ,4 '7 29.47 b
*23.392 3*2,831
‘2 7,810 36.036
1 1 .851 ‘ 8.74b
*2
7 1 + 0 27,11?
56182*24,57;
15.919
S7.713
1 7.43b
I *2,11+
9 610
10,520
54,891
90.566
**21.219
5 9 188
♦62.872
*
E xcess
oj E x
p orts.
§
13,559
15,118
18,598
16,030
1 7,172
13+87
• E x c e s s o f im p o r t B .
In this table of totals gold and silver in ore for
all years except 1893 are given under the heads respec
tively of gold and silver \ for IS93 both are included
n the merchandise figures.
The following shows the merchandise balance for
each year back to 1875.
E X C E S S O P M E R C H A N D IS E IM P O R T S O R E X P O R T S .
1 m o n t h e n d i n g J u l y 31 —
7 m o n t h s e n d i n g J u l y 31—
1875
...... TrnjiortB. $3,077,260 1875 ........... Imports. $25,172,478
...... Exports. 9,236,241 1 8 7 6 ...............E x p o r t s . 5 9 , 3 0 0 , 0 2 4
1876
1877
.......Imports. 2.116,070 l h77.............. Exports. 35,480,343
1 S 7 & . ............... Exports. 10,002,751 1 8 7 8 ....................E x p o r t s . 1 6 0 , 5 1 7 , 2 8 6
1879
...... ExportH. 9,614,340 1 8 7 0 .................... E x p o r t s . 1 2 1 , 6 9 0 , 9 6 0
...... Exports. 13.710.5S7 1880 .......... Exports. I t , 871,081
1880
1881
...... Exports. 10,610,030 1881 ............. .Exports, li >6,610,902
1 8 8 3 ..
. . . . . . . •Imports.11,187,3371882 .......... Imports. 50,621,367
1883................. Imports. 4,098,810 1 8 8 3 . . ; ........ E x p o r t s . 4 1 , 9 8 6 . 1 7 3
1881.................Imports.
513,032 1 8 8 1 .................... E x p o r t s . 1 0 , 2 1 2 , 8 0 3
1885 ..............Imports. 3,362,621 1 5 8 . ) .................... E x p o r t s . 5 1 , 9 5 1 , 0 0 9
1880........
Imports. 2,855,686 1 8 8 0 .................... 1 m p o r t a , 3 , 8 3 3 , 6 2 4
1887
...... Imports. 7,11) ,31 ■ 1 8 8 7 .................... I m p o r t s 3 4 , 2 8 7 ,4 41
>
1888
...... Imports. 11,157,350 I 1 8 8 8 .................... I m p o r t s . 7 6 . 7 0 2 , V -O
1889
...... Imports, 19.52 8,711) 1 8 8 9 ...............I m p o r t s , 5 0 , 1 8 3 , 9 7 5
1890
......Imports. 2 3,1 1 1 ,172 1 8 9 0 ................. I m p o r t s . 4 1 , 8 3 5 , 8 3 5
1891
... ..Imports. 4,373,112 1891 .......... Imports. 17,631,713
1892
...... Imports. 7.268,263 1 8 9 2 .... ......... E x p o r t s . 1 0 , 1 5 7 , 1 1 9
180
. . ......I m
1 8 9 3 ..
........................................Ex ports.3 . . 5,927.790p o r t s . 0 2 , 8 7 2 , 2 3 1
1891................. Imports, 12,087,890 1 8 9 4 ............... E x p o r t s . 5 9 , 1 8 2 , 7 0 0
1895................. Imports. 16.484,057 1 8 9 5 ...............I m p o r t s . 2 1 , 2 1 9 , 0 9 2
1 8 9 0 ..
. . . . . . . .Exports.15,009,2371896 ........... Ex ports. 90,565,677
1897.................Exports. 17,129,209 1 8 9 7 ...............E x p o r t s . 5 1 , 8 9 1 , 1 0 8
189 9 ............ ...Exports, 21,812,187 1 8 9 8 ...............E x p o r t s . 3 1 7 , 1 3 2 , 8 6 1
lYen.. LXV1J.
[ From onr own correapondent.]
I
L ondon, Sttnrday, A uguste, 1898.
During the past duy or two there has been a decided recoveryin prices , more particularly in tHe American, the Spanish
the South African and the West Australian markets. There
is exceedingly little doing iu any department in this coun
try. The general public indeed is holding aloof almost
altogether from the Stock Exchange. The holiday season has
fully set in. Every one who can is getting away from the
city, and yet prices move up,
With regard to the American department the recovery is
clearly due to the belief that peace will now be soon con
cluded ; that the American harvests, like the European, will
be good ; and that we are about to see a long period of pros
perity in the United States.
With regard to Spanish finances, there is a rumor that the
great banks iu Paris, which have been so wonderfully suc
cessful in'preventing bankruptcy in Spain, are actually ar
ranging for a loan to that country as soon as the war is over.
It seems difficult to believe that they will with their eyes open
throw good money after bad. For if Spain has to assume
the Caban debt, it seems safe to say that she will be unable
to bear the burden. Even before the Caban insurrection broke
out there was always alarge deficit, ranging from a million to
three millions sterling per annum in the Spanish budget.
What the deficit will be this year nobody can say, and how
the finances are to be pat in order is a problem that will tax
the highest skill there may be in Spain. In any case the
Paris Bourse is undoubtedly running up Spanish bonds, and
is declaring with a light heart that those bonds will again be
raised to 60 before very long.
The recovery in the Western Australian market is due to
colonial buying, and to good reports of the prospects oE the
mining industry : while the recovery io the South African
market is due partly to Paris buying and partlyr to the sup
port of the great houses. The negotiations which have been
going on for a considerable time in London, Paris and Berlin,
for a loan to the Transvaal Government appear to have
broken down. Some still assert that the negotiations are
going on and that the money will be raised. But the beat
authorities say that President Kruger is at last convinced
that he cannot have the money without making very consid
erable concessions to the mining industry. The belief is
spreading that he will have to make those concessions.
Meanwhile, as already said, there is exceedingly little do
ing in London. In the first place people are waiting for the
actual end of the war. In the second place there is a fear
even yet that Spain may collapse. A few weeks ago the
fear was very intense. It was almost everywhere appre
hended that the Carlists would rise in the North and the
Republicans in the South, that the dynasty would be Over
thrown, and that there would be universal anarchy. The
fear is very much less now. But still there is a good deal of
uneasiness, and especially there is the grave doubt how
Spain can bear the enormous financial burden that is now
placed upon her.
Another reason why the public is unwilling to incur risks
is found in the action of France and Russia, bat particularly
Russia, in China and Persia. Natives of almost every Euro
pean country are endeavoring to obtain concessions from
the Chinese Government and a loan has actually been
arranged by Hong Kong and Shaugai Bitik for the construc
tion of a railway in China. The Russian Government is
earnestly endeavoring to prevent concessions being granted
to British subjects, and among other devices the Russian
Minister at Pekin has threatened the Chinese Government if
it sanctions the Hong Kong and Shanghai Bank loan. This
has induced Lord Salisbury to instruct the British Ambassador
in China to assure the Chinese Government that this country
will support China if she is attacked by any other power be
cause she has granted concessions to British subjects The
assurance is undoubtedly a very grave mattdr, for it puts it in
the power of the Chinese Government to involve ns in a war
with Russia and France, if the Chinese Gwermnent has the
courage to do so, and if Russia and France are rash enough
to provoke a conflict on so small a matter.
At other times the assurance would probably have caused
considerable alarm in the city, but now it has passed almost
A vgust 20, 1698.]
THE
C H R O N IC L E .
without remark, partly because there is no speculation, but
largely because everybody believes that China will not dare
to fight either Russia or France, and that Russia and France
on "their side will not provoke a world-wide war. One other
incident illustrates the antagonism of Russia and this couutry
just now. The Persian Government endeavored to borrow
1J-4 millions sterling in London. Certain capitalists here
agreed to make the advance, the terms were practically
settled, and indeed the loan was virtually underwritten, when
the Russian Government, having found out how far matters
had gone, put pressure upon the Shah and frightened him into
dropping the negotiations. It should be added that the loan
was to be secured on the Customs of the southern ports of
Persia, and the Russian Government argued that practically
that meant a British administration of the Persian Customs
revenue.
Money here continues very abundant and cheap. From
time to time an attempt is made to raise rates, for in fact
every one believes that rates are altogether too low. But the
attempt has uniformly failed up to the present, the truth of
course being that the low rates have been brought about by
the Japanese Government, and so long as the Japanese
Government pursues its present policy it is very difficult to
counteract its action. In the meantime it looks as if the
European money markets would before long be considerably
tightened. In the first place there has been a great deal of
speculation in Germany, and the Berlin market for some time
past has, in consequence, been in rather an agitated state.
Moreover, both Russia and Austria have withdrawn consider
able amounts of gold from Berlin. The result is that the
official bank rate in Berlin at present is i% while it is only 2 % i
in London. A considerable amount o f gold has of late been
going to Berlin, and the fear is i he demand will grow stronger.
The moving of the crops begins earlier in Germany than in
this country. Usually the tightest time is October in Ger
many and November in this country. Consequently the strain
is felt in Berlin about a month sooner than in London. It
seems reasonable to assume that if the Imperial Bank has to
keep its rate at the beginning of Augustas high as
it will
have to put it up between now and October at least to o% and
possibly to 6^. Furthermore, it seems reasonable to assume
that some gold will be shipped—and possibly a good amount
—from London to New York. The depend for moving the
crops will now begin to be felt, and as there is undoubtedly a
balance due to New York, the reasonable probability seems to
be that gold will go. There may be a demand for other
countries too, like Russia, Argentina, Chili and Japan. For
all these reasons there is a very general expectation here that
rates will have to be put up before long.
In spite of that, however, as already said, the market is
exceedingly easy. It is easy generally all over Europe except
in Germany. And it has now become easy in India. In the
slack season business in India is usually very quiet and pro-b
ably rates will remain a3 they are now until November,when
we may expect to see a return of stringency. Bat while
business is very quiet and the money market is easy, there is
great scarcitv of uctuil coin and consequently the India
Council continues to sell its drafts very well. It offered for
tender on Wednesday 25 lacs and sold the whole amount at a
trifle over Is. 3Jgd. per rupee. As illustrating the scarcity of
rupees, brought about by the closing o f the mints, a story is
current to the effect that in some parts of the Punjaub the
bankers are refusing to take native deposits because the
natives pay in their deposits in Government notes and then
almost immediately begin to withdraw, demanding rupees.
It should be explained that the notes—though held by bankers
and by great merchants—are very little current amongst the
general public, a a l consequently the bankers are afraid of
increasing their holdings of not63 lest they should run com
pletely short of rupees and thus be involved iu serious
embarrassments.
The folio wing return s h o w s the p o s i t i o n o f the Bank of
England, the Bank rats of disc j u n t , fcll-3 p r i c e o f oonsols,
&c., compared with the last thre e y e a r s :
1«P8
A uq. 3,
a
38.404305
0,120,114
45.151.174
i3.tf4l.8b0
32,80 7.313
2J.87S, 204
31,179.048
C ircu lation ......................................
P u b lic d e p o s i t s ............................
O ther d e p o s i t s ................... ..........
G overn m en t secu rities ........ ...
O ther s e c u r it i e s ...........................
R eserve o f n otes and c o in ........
Coin it b u llion , b oth d epa rtm 'ts
P rop, reserve to lia b ilitie s . p.ct.
Bank rate .....................p e r c e n t .
3*
Con sols, 2% per c e n t ...................
111
S ll r e r ................................................
27*1.
Clearing H o a s e r e t u r n s .. . . . . . . 113,434,000
* A turns t 8.
1807.
4 u j . 4.
sr
28.405,385
7.381.133
41.345. *77
14.784 440
28.518.3 id
3l.W 0.tliJ
35.334.3 3
44 1-10
3
113*
2<3*d.
140.137,000
18*6
1190.
Aug. 7
Aug. 5.
s
M
23.750.(40
57,820,735
5,491.93 1
1.184.8 1
12.877.80S
35,315,455
14,795,125
14,9-5(3.943
28.53 ).0tf7
21,505.178
28.131.414
3 4 ,1:?2.412
47.l43.tA7 . 8•',090,03 4
58 9-14
2
2
1 14 *
3 l% d .
llJ.Oi.'.OOO
107 1-13
3 J * d .*
124.418,000
358
The Bank rate of discount and open market rates at thechief Continental cities have been as follows:
Aug. 5
Hates o f
Interest at
J uly 29
B ank
B a te .
Open
M arket
B ank
R a te .
3
4
4
4
3
3
4
5«
-5
4
m
■■u
3H
2
4
4
4
3
8
4
P a ris............. .
B e r lin ..........
H am burg .
F ra n k fo rt ..
A m sterdam ,
Brussels..........
Vienna
St, Petersburg.
M adrid............
C openhagen.
2H
2k
3H
m
5
3*
J uly 22
Opcu
Mark
B in k
B a te
3*
2M
z\i
3%
4*
5
3*
5*
5
4
Open
Market
B ank
B a te .
3'4
3k
SM
2%
2H
3H
m
5
3X
2
4
4
4
3
3
4
5k
5
4
2
4
4
4
8
3
4
5*
5
4
m
3H
July 15
M arke
m
3*
3k
3H
m
2k
m
m
5
2*
The rates for money have been as follows :
Interest allowed
f o r deposit* by
Open M arket R ates.
London. •i
S
=8
Bank Bills.
3 M onths.
Trade Bills.
4 M onths.
Ju ly 8 m
“
15 i k 1 * @ 1 3-10
“
22 2 k
“
29 IH l * @ l 9-13 1 m
A ug. 6 H i l 7 - 1 0 @ l*
0 M onths.
3 Mas.
2
2 @ 2k
2H
2k
2k
i*
iu
ik
m
ik
ik
m m *
ik
4 Mas.
m
ik
Joint ZJis’fc W se
Stock A t 7-14
Banks (a ll Days
1
k
1
k
1
*
1
k
*<&% It
H
H
H
H
1
The quotations for bullion are reported as follows:
A ug.
4
GOLD.
L o n d o n S ta n d a r d .
J u ly
28
S lh v s a .
L o n d o n S la n t
S d
tf. d.
3 a r g o l d , flu e — o i 7 7 10i*2 7 7 11
B a r g o l d .p a r t i u g .o z . 7 7 10% 7 7 I l k
76 6
CJ.S. c o l d o o t n . . . o * . 7 6 6
3-erm vn v o i d o o l n .o z . 7 6 5
76 s
JTrenoh g o l d c o ln .o z . 7 6 5
76 5
J ap an ese y e n .. . .o z .,7 6 6 * 7 6 5 k
The
fo llo w in g
sh ow s
th e
; A ug.
1 4
d
B a r s ilv e r , t in e ...0 2 2 7 *
B a r s i l v e r , c o n t a i n ’ ?]
do
5 g r s . g o l d . o z . 2 7 i 3 u.
d o 4 g r s . g o ld .o z .j2 7 3 ,6
d o 3 grs. g o ld .o z .,2 7 *
C a k e s i l v e r . ..........o z . 29*3
1 M e x ic a n d o lla r s o z 1 2 6 *
im o r c s o f
cereal
prod i n
J u ly
23.
d.
27J
s
2 7 > l t6
2 7 7 ,8
2 7k
20*
26*
in to
the United Kingdom during the first forty-eight weeks of
the season compared with previous seasons :
IM P O E TS.
1897-8.
1890-7.
1895-6.
I m p o r t 8 0 f w l i e a t , o w t . 6 0 , i 2 3 ,6 1 0 61,228.250 63.991,910
3arley........................... 19.217,304 20.312,900 20.75s,712
>*t»................................ 13.969.209 16.812.0 SO 13.183.580
?e»8.................... .......... 2.211,l» 5
3.035.615 2.3i8.760
Beam.....................
2.210.150
2,535.280 2.955,912
fndtauooru.......... ...1 9 57 7,600 51.019.600 30.915 070
flour...............................13,731,170 13.057,120 13,133.510
1891-5.
70,825,858
23,767,331
14,001.217
2.157,739
3.935,962
24,074,401
13,052,330
Supplies a vailaole for ooasumptioa (exclusive of stocks on
September 11:
•
1897-8.
1898-7.
Wheat imported, owc.60.423.610 61,228,250
Imports of flour.........18.731,470 18,367.120
ales of home-growu. 13,033,627 23,501,603
1895-6
1891-5.
63.991.910 70,825,856
18.H 3.510 18.052,330
14.212,351 19.884,812
Total____ _______92,263,107 103,307,273
189 7-3
1398-7.
aver, price w
. i-x.3 !. I l l
23* 111
onoi. seas #u .36* 51
23t 8 1
93.070,801 103,742,993
1395-6
1391-5.
23. 3d,- 219. 2d25. 01.
218. 21.
dour and
T h e fo llo w in g
sh sw s
tin
J U V i r .i G H l
a ze l i c i t to tu s ( J a it il K in g lo m
r\>.i >o-us>c
L .78 LOGO
19 >.0 >0
6 6 0 , JO #
.............it s
i* l x, » q r s .
..
,.q r s
E i 'l l *
i
*
0 ut
2 .0 5,0>.>
2 ) > 0 >0
6 1 0 . OJ »
1 1 1 .1* 1
d
1847
6 2 5 ,0 ) J
1 9 5 .0 0 0
5 1 5 .0 JO
1390
C a b le .
I’m daily Costug { ntations for securities, etc., at Bouden
are reported by cable as follows for the week ending Aug, 19 :
L.OKPOS
lllv ,r. per ouo >9_ d.
_
oniols., n e w , i \ p.ots.
ti'or acoount...............
Fr- lb renteaOnParlsl fr.
Spanish 4s......................
A ua. top. & Santa Fe.
Do
do
pref.
?*aadlan Pacific..........
^saneake < Ohio.......
fc
Ctilo. Mil. & St. Paul....
‘iuv. <l Rio Or., prel..
x
E ie, common...............
1st preferred..............
dlnois Central.............
S a t.
27*
110UU
110%
103 50
■ k
1
14 k
36*
86*
25%
103 k
53*
14*
37k
111%
‘201 *
57
•onlsvlUe * Nashville
lexloan Central, 4 s .. 67
to Ran. 4c Tex., own.. 1 2 *
1 V Ccnt’l d Hudson 1 2 3 *
c
f V. Ontario A West’ n 1 6 *
( irfolk A West'n, p r e f. 57
orthern Pswiitlo. com.. 33%
Preferred.................... 75^8
‘Annsylvania ... ___ _ 6 1 *
930
Mila. A. Read., per sh.
?hll. 4c Read., 1st pref. 22
?IU1. * Read., 2d pref. 11
lonthM Railway, com.
93q
Preferred..................... 3 4 *
(J n lo n P a c l i i o ...................
27
Do
new pref..
20%
Vabash, preferrs i
M on .
27*
U O ‘ »i«
1107,
103-50
42*
14%
37
86*
25%
109%
53k
14-78
3.8*
112
•202
570a
67
12*
123*
16*
55*
347
q
75%
61*
9*
21*
11
9k
35
27%
65%
20*
T ucm.
W ed.
27*
27k
11011 6 1 1 0 = 8
1107a 110 1 ,
0 3 -5 2 *
42*
4178
14’ a
14=8
37 k
37
86 k
86=8
26*
26*
111%
111=8
55*
54 k
1434
14k
39
39
1 1 4 * 1 1 :-k
202
202
59*
5 8k
67
67*
12*
12*
123% 123k
16*
16*
56*
56*
3>t*
37*
73 k
73 k
e l*
6 1k
9k
9*
22
22*
11
11
Ok
Ok
35k
28*
66 34
21*
35*
29
67*
21 *
T h u rs.
F ri.
27*
27k
110'k « 110k.,
110*
110=8
03*52* 0 3 -5 2 *
40*8
40*
14*
14%
37
3 6k
87=8
87 k
25%
56*
1127r
113
54k
55k
14%
15
38%
39
115
115k
200*
58%
59*
67%
67
12*
12k
122
123*
16*
167
8
55*
56
36*
38k
7/ *
78*
6i *
61k
10
23*
11*
11*
9*
9=8
3o
35%
28*
29
67
22k
6 5 '8
3 54
THE
C H R O N IC L E .
New York City Clearing House Banks.—Statement of oon
ditioa for the week ending August 13, bused on averages of
dally results. It's omtf tw o c ip h er * COO) t s all cases.
O a p it a i S u r p l't
Ba sk s.
-1
B a -A o t S « w Y o r k . . *3,000.0 $ M U .
M a n h a tta n C « ........ ... 3.050.0 2.316,
3.000. 1,037,
0
M e return I#'
M e c h A n ie s '...... ......... 3,tH>0,0 1,950,
A m e r i c a . . . . . . . . a—.. 1.500.0 2,503,
236,
P h w i l x — 1.000.0
1 . 000 ,0 4,119,
O i l y . ........................
130,'
750.0
Trade-em eu’ # . . . . . . . .
7.001,-4
300.0
C h e m ic a l * — . . . . . . .
176,
M erchant#* K x c h ’ ge
1,702,
^ Ik lU tiB __ . ..
300.0
B a t c h e r * 'B r o r ^ r a ’
170.
■400,0
M eohanlc-e’ A T r a d 'e ’
171.1
300.0
G r e e n w ic h ..................
475.1
L ea th er M a u n fa r r #
10L»,
300.0
S e v e n th -----505,
fttate o t J s e w Y o r k .. 1.300.0
2,527.
0
A m e n e » n K xch & u se 5.000.
3,404.
0
C o m m e r c e . . . . . . . . . . . 5.000.
1.009.
B r o a d w a y ..................
M e r c a n t il e ...........
475,
423 ,7
P a c l U o ... . . . . . . . . . . .
808,
1.500.0
B e p n b i io . . . . . . . . . .
978,
450.0
C h a t h a m ..- ..............
252,
200.0
P o o p le* a........ .
650,
700.0
N o rth A m e r i c a ......
2,238,
H a n o v e r ....................
867,
600.0
i m u f . . . . . . ...............
370,
600,0
d tia c n a ’ . . . . . . . . . . . .
267,
600,0
N a s s a u ....- ............
957,
900.0
M a r k e t A F u lt o n ..
161,
Bhoe<fe l e a t h e r . . . .
1,330,
C orn E x c h a n g e . .- ..
600,
C on tin en tal
SB7]
300.0
O r ie n t a l. . . —
Im porters* <£ Tr& d'r* 1.500.0 6,561,
3,204,
P a r k ............
147.
250.0
B a s t R iver3.200.0 2,016,
F o u r t h .,.--.
405.
C e n t r a l . .. .
711
300.0
S e c o n d .----281
750.0
N i n t h ----- ...
500.0 7,564
F ir s t .. . . . . .
67,
300.0
N . Y .N a t fl E x c h ’ g e .
611,
250.0
B ow err.
443
200.0
N e w Y o r k C o u n t y ..
298,
750.0
G erm a n A m e r ic a n ..
1,000,0
Q h M 2 ...._____
100.0 1,162,
F ifth A v e n n e .
570.
G erm an E x c h a n g e ..
200,0
748,
200,0
G erm an ia
711,
300.0
L in c o ln ..
848.
200.0
G a r fie ld ..
323,
200,0
F l f t h ......
850,
300.0
B a n k o f th e M e tro p .
346,
W e s t S i d e ..........
348,
500.0
S e a b o a r d ,...........
848,
200.0
S i x t h . . .........
721,
W e s t e r n .......
937.
300.0
F ir s t N a t. B ’ k l y n . ..
938,
N a t. U n io n B a n k ..
329,
500.0
L i b e r t y . . ...........
353
1.000,0
N . Y . F r e d . E x o h ’ ge
298i
250.0
B k .o f N . A m s terd a m
L o a n s.
S p e c ie .
Leg ate.
D e p o s it s
34.805.0 5,007,0
1,113,1
4,894,
730.7
7,633,
338.3
974,1
826.0
3.003.1
87,6
806,
7
3,918,;
034 .0
1.611.1
3.073,
1.068,0
30,173,
3.220.7
29,135,1
1.883.0
0.965.
1.778.0
9,959,
942.4
2,163,
4.843.3
10,158,
079.2
5,988,
218.8
1,800,
1.893.7
10,943,
8.033.8
34,635,
680,8
3,383,
430.1
2,008,
326.3
2,616,
1,111,5
5,882,
3,185,
010.3
1.815.4
9,741,
1.254.8
5,195,
187.1
1,840.
5.337.0
23,919,
80.169, 16,165,0
210.3
1,297,
4.395.0
23,730,
4.134.0
10,294,
1.535.0
5.753,
784.3
3,156.
8.206.3
28,973,
207.4
1,320.
454.0
2,860,
604.2
3,219.
480,7
2,900,
28,501, 10,041,3
8,007,,3; 1.531,2
170,5
2,134 .8'
556.6
3,230,
1.814.0
0,505,
5,274,
580.3
1,793,
1.704.0
4,587,
2,153,
353.0
1.282.0
8,348,
1,828,
257 .0
6.202.4
29,353,
1,130.8
4.499,
11,821,
3,813.
828 .7
4,209,
802 .3
782.3
2,839,
$1,000,0 $14,989,0
1.910.01 19.80d,0
1,006,5 17.101,0
8 52 ,0' 10,539,0
1.824.1 23.310,6
2 8 7 ,0 1 4,040.0
1.S44.9 103.438 9
3.030 6
285.4
2.719.7 25.072.0
6.058.8
410.4
5.979.0
719.0
1,203,2
09,1
2.203.0
239 .0
783.3
179.4
4.033.8
203,9
2.235.4
139.1
3.155.5
239.0
8.302.0 20.404.0
3.428.7 22,000,0
6.963.1
169.2
1.151.2 10.993.1
3.086.5
490.1
090.2 19.185.8
5.986.8
891.8
2.508.5
021.7
963.6 12.533.0
2.004.3 42.705,4
3.830.0
547.2
2.753.2
187.4
2.994.4
408.9
0,370,5
672.8
3.527.9
319.4
8 27 .0 10.909.9
6.349.9
424 .5
1.816.0
342.7
732.0 23.089.0
2.817.0 50.980.0
1.265.6
104,4
2.091.0 25.959.0
927.0 15.020.0
0,866,0
410.0
3.577.0
269.6
1.105.1 30.888.9
1,234,8
128.8
3.370.0
501.0
3.740.5
351.6
2.870.6
283.9
4,408.5; 40,237,1
9,344,9
O iy.oi
3.02 L,4
709.0
4.2U1.2
435,3!
7.081,4
580.2
0.177,9
35 L,7
2.293,7
164.S
0.035,4
474.2
2,381,0
348.0
1,407,0 10.190,0
134.0
1,550,0
2,445.5; 34,035.9
1,777,51
6.141,0
339.5 12,792,5
319.0
4,517,8
166,5; 3,836,9
203,2
3,280,1
T o t a l ........ .................. 59.0 2 2 .7 75,292.3 859 ,411 .2 1602244
New York City, Boston and Philadelphia Banks.—B elow
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 non
member banks.
57,076,1 760,754,6
I
000.0
1,000.0
120.
000.0
1.000.
1,000,0
0
088,'
1,000,0
1,000,0
1,000,0
1,000.0
2,000,0
1,000,0
1,110,
200.0
2.100.0
1,200,0
I OH
S .i
1.211.1
Reports o f NonOleuiber Banks.—The following is tho
statement of condition of the non-member banks for the
week ending August 13, based on averages of the daily results.
W e o m i t tw o c ip h er s fO O j in all ca ses.
BAN KS.
(00a om itted .)
Capi
tal.
N e w Y o r k Cit y .
Ast-or P la c e ___ . . . .
C o lo n ia l. . . ----------C o l u m b i a . .. ............
E le v e n t h W a r d ., . .
F o u rte e n th S treet .
F r a n k lin N ation a l.
G a n u e v o o r t .............
H a m ilt o n .------ ------H id e A L e a th , N at.
H o m e ...... ...................
H u d s o n R i v e r ........
M ou n t M o r r is .....
M u t u a l . . . . . . ............
N in e te e n th W a r d .
P l f t s a ......... ...............
R iv e r s id e .............
S ta te ......................
T w e lft h W a r d ........
T w e n t y -th ir d W ’ d.
U n ion S q u a r e ..........
Y o r k v U l e . ................
A s to r N a t 'l B a n k ..
S u rpJtw.
%
250.0
Brooklyn.
B e d fo r d .............
B r o a d w a y ......... .......
B r o o k ly n ...........
E ig h t h W a r d ..........
F ifth A v e n u e ..........
F u lt o n .......................
R i n g s C o u n t y ..___
M a n n fa c t ’rs* N a t ’l
M e c h a n ic s ................
M ech 's* A T r a d r V
N a s s a u N a t io n a l..
N a tio n a l C it y ..........
N o r t h H i d e ............
P e o p le 's ................. .
Q u een s Co. (L .I.G ,)
S c h e r m e r h o m ........
S e v e n te e n th W ard
S p ra g u e N ational...
T w e n ty -a ix th W ’ d.
U n io n ...- . . .........
W a lla b o u t ___ _— .
Ot h e r C i t i e s .
1 s t N a t,, J e r . C ity .
H u d . C o. N at. J .C ,
2 d N a t , J er, C it y ..
3d N a t., J e r . C i t y l e t N a t., H o b o k e n .
2d N a t.. H o b o k e n .
B a n k o f S ta ten I s l .
1 s t N a t.,S ta ten IsL
D eposit, w ith
N it
Leg 1.
Loans &
DeInvest Specie; <kB*k Olear'o Other
ments.
Notes. Agent. Bks.&c posits,
$
$
150.7
15.6
123.0
355.5
60.7
300.0 183.9
100.0 117,2
50.8
0,0
31.5
200,0
81,2
200,0
500.0 157.0
83,7
200,0 189,7
91.6
250.0
200.0 111.1
25.0
100,0
100,0 108.9
100,0 102.5
73.6
100,0
200,0 146.0
48.7
100,0
200 ,0 296.1
100,0 123.1
4,2
300.0
2,371.6
090.4
1.722.0
1.111.3
057.1
450.0
667.2
1.215.5
2.050.4
429.5
1.154.0
1.277.2
919.8
501.5
913 .5
071.0
1.438.0
1.178.2
680.3
1.905.1
1.014.9
1.371.3
107.2
112,0
157.6
33.4
50.9
200,0 171.7
59.1
150.0
252.0 414.4
500.0 387.5
100.0 191,0
300.0 550.7
300.0 540.7
100.0 109.8
108.5
123.5
69.9
100,0 71.2
200,0 205,4
50.0
40.1
100,0
29,6
100,0
100,0
29.4
1.021.6
25.0
1.254.9
82.0
1.217.0
11,0
294.9
23.8
502,8
57.9
844.5
38,2
584.3
2.071.2 220,5
2.430.9
93.1
03.5
850.1
3.800.0 2 75 .0
2.219.0 230.0
12.2
042.7
00f>,3
44.2
1.716.9 114.1
522.3
31.1
400.4
8,9
1,018,7 108.1
7.0
871.7
294.4
9.1
14,4
469.7
705.1
520.6
370.2
185.6
110.0 414.3
81,3
125.0
44,1
25,0
70,7
100.0
4,204,3
1,910 8
1,407,0
821.7
1,680,9
033 ,2
410,4
500.8
100.0
100,0
200,0
100.0
150.0
100.0
300.0
100.0
100.0
100,0
100,0
100,0
400.0
250.0
250.0
2 r10,0
01,1
19.0
65.0
25.5
57.0
279.1
95.7
29.0
07.5
17.7
10.9
38.7
8 ,7
69.0
20.0
21.4
153.7
130.0
302.1
111,7
105.1
00,0
31.9
108,9
47.9
18.2
$
29.4
59 .7
97 .0
73.0
97.7
25.0
43.1
72.4
103.6
49.4
68,0
138,5
110.9
95.4
74.8
40.6
35.0
73.9
92.7
174.9
83.0
265.7
77.9
148,2
36.9
244.0
168,8
138.0
410.3
102.3
95.0
48.0
99.0
142.5
113.5
134.0
113.3
117.1
106.1
348,2
104.1
41 .0
102.5
75.8
304.2
131.4
222.5
109.3
-
207.8
41.2
38.3
38.5 172.1
28.9 104.0
270 .8 348.8
109.4 141.2
53.0 137.2
225.0 564.0
333.0 452.0
51.8 219.1
29.8 106.1
132.4 387.8
19, S
99.0
98.8
32,3
14.0 375.0
78.8
22.5
31,2
39.8 132.1
20.0
21.8
12.0
213,3
03.0
50.4
61,8
20.4
31.1
30,9
21,8 29.2
155 .0
260.0
27,9
185,1
1,8
9
133.0
138,4
89,7
109,6
85.0
$
2,545,1
845.4
1.957.0
1.539.4
849.0
410.0
476.4
1.254.7
1.575.7
598.2
1.113.0
1.053.1
857.8
774.0
1.180.1
681.5
1,621,0
1.489.0
872.6
2.333.4
1.225.7
1,694,2
1.147.0
1.585.8
45,7 1.337.7
12.0
31,3
36,6
85,0
143.0
252.4
409.8
796.4
584.3
2.501.0
2.309.8
930.5
4.274 0
2.878.0
600.0 1.340.5
50.9
134,8
14,0
3,0
43,3
112,5
ban ks.
N . Y .*
J u ly S3,
" 30.,
A u g. fl..
”
13..
B o a .*
J u ly 30.
Aug. ti„
“
13.,
P h lla . *
Julv 30.,
Aug. 0,
“
13-
3u rp,u*.
Loan*.
S
131.034,6 634,645,9
134.251.0 030.700.7
134,315.0- 640,409,0
134.315.0 659,411,2
$
Lrfpau, DspotittA Oirt’Vn.
Sptoit.
$
00,702.7
00,819.4
60,107.9
57,076.1
$
1070115
1005051
1089880
1002244
$
741,328,8
741.080,1
757.051.0
700.754.0
U.4^4.3
14.391.0
14.273,8
14.231.1
6.700.0 187.420.0 5.999.0
6.249.0 189.852.0 0.003,0
5.315.0 191.702.0 0,011,0
68.587.3 178,832.0 15 339.0
68.587.3 179.487.0 15.001.0
08.587.3 182.028,0 15.155.0
130.690.0 5.871.0
130.577.0 5.878.0
132.118.0 5.879.0
40, 71.0
35.388.01
115.239.0
40.t
35.388.0
116.974.0 02.0
40,1 15,0
35,388.0! 117,414,0
® g n x m c v c ta l a n d Iffits c c ila n c o w . ^ e w
s .
I mports a n d e x p o r t s f o r t h e W e e k . —The
follow ing are
the imports at New York for the week ending for dry *oods
Aug. 11 and, for the week ending for general merchandise
Aug. 12 also totals si.ice the beginning of the first week
In January.
FORKtGN IMPORTS AT S B W T O R K .
For week..
1896.
1897.
1898.
1895.
$1,634,732
5,963,116
$1,166,473
5,457,277
T otal.........
$7,597,848
Stare Jan. 1.
Dry goods....... $58,698,838
Jen’T mer’cUee 211,354,286
6,623,750
$9,496,349
$11,287,710
$91,955,988
242,241,042
$73,237,402
215,995,246
$92,077,949
229,445,171
Dry goods.......
ien’l mer-dlse
$2,492,199
7,004,150
$3,079,793
8,207,710
Cotal 32 weeks $-270,053,122 $334,200,030 $289,282,643 $321,523,120
The following is a statement of the exports (exclusive of
pecie) from the port of New York to foreign ports for the
week ending Ang. 15 and from January 1 to date:
E X P O R T S P RO M N E W Y O R K F O R T H E W E E K .
1893.
for the week..
?rev. reported
1897.
1896.
1895.
?9,156,60S
295,236,591
$9,105,569
243,493,580
$7,510,488
227,349,810
$5,223,765
201,652,431
Total 32 weeks $304,443,199 $252,599,149 $234,860,298 $206,876,196
The following table snows tne exports and imports o f
jp jele at the port o f New York for the week ending Aug. 13
and since January 1, 1898, and for the corresponding periods
:n 1897 and 1896.
E X P O R T S AN D IM P O R T S O F S P E C IE A T N E W T O R K .
Exports.
Im p o rts.
Gold.
W eek,
■treat Britain..........
Prance......................
(Jermany.................
West Indies............
Mexico.....................
8,000
12,000
4,572,248
1 0 0 ,8 5 7
20,292
12,000
10,800
S ince J a n . 1.
$1,054,980 $31,119,399
12,746,764
20,060,947
2,673,621
17,727
2,824
61,074
9,286
313,037
538,661
$200
4J1 other countries.
Total 1898........
Total 1897.........
Total 1896........
W eek.
S in c e J a n .l.
South America
........
$4,701,597 $1,084,817 $70,416,503
2,737,412
344,934
29,628,907
50,927,64‘2
28,450 19,025,666
E x p o rts.
Im p o r ts.
S ilver,
W eek.
9-reat Britain...........
Prance......................
Bermany.................]
West Indies............. !
Mexioo.....................
3oath America.......
Ill other oonntsrtes
S ince J a n . 1.
W eek.
$895,243 $26,036,195
778,350
2,610
250
395,066
14,159
180,518
7,055
S in ce J a n . 1.
$3,839
2,689
$12,092
23,932
3,260
252,206
672,859
488,649
40,722
493,720
Total 1898........
$895,493 $27,413,953
$6,528
749,835
53,202
917,349 29,296,028
Total 1897.........
234.573
32,296.510
1 ,0 4 5 .8 4 5
891.303
Total 1896.........
X o t e — $27,500 added to t h e total exports ot gout sluoe Jan. 1 .
1898, and $65,357 deducted from total exports of silver sinoe Jau. 1,
1898, as correction of figures for week ending July 16.
Auction Sales.—Among other securities the following, no
regularly dealt in at the Board, were recently sold at auction.
By Messrs. R. V, Harnett <r Co:
S
Bond#.
$2,000 Certificates of Indebtedness Storm King Club, 1902.......... $28
By Messrs. Adrian H. Muller & Son :
S hares.
S hares.
250 Goshen & Decker town
R R ................................... 76
25 Mount Morris Bank....... 100
772.0
2.280.5
523.2
374.8
1.090.0
387.6
248.5
032.3
556,5 841.2 5.753,6
214,8 261,4 1,802,4
( V ol. L X V II,
jB a a M a g
5 The Camden Thread Co. 10
5 NatT Park Bank..............338
a « A
f i n a n c i a l .
Spencer Trask &
B A N K ER S,
IT & 29 PINE S T R E E T ,
.
.
.
C o .,
NEW N O B S .
65 State Street, A lbany. 1
96,9 133.3
___________
INVESTM ENT SECURITIES. ___________
_
77,0
Georg* B arclay M o f f a t .
391,1
151,3
97,5
150,0
1.327.1
867 ,4
46,9 1.395.2
148,0
770.0
X
507,7
657.1
Totals A u g . 3 3 ... Q,°*s ,° 8,438,5 S9*3°h4 3*7So*5 4, r 34,8 0,753.8 3,9*7,7 6 7 , 2 (30 ,2
T o t a ls A uk - 0...... Q,o/2 fo 8 , 472,7 50,o io ,j \3*in>4 3*806,I O ,03l.j 4 .363,8 6 6 ,0 23 4
206.2 0 , 4 6 1,7 3 . 8 30 .3 66.000 8
T o ta ls J n iy 3 0 .-. 0 ,012,0 8 ,472 . *8 47Q-7 I.Sdr,,0 4*
Mo ffat
N o .l
A lexan der M. W hite , Jr
& W
hite,
BA N K ERS,
NASSAU STRE ET,
.
.
.
NEW T O R E ,
INVESTMENT SECU RITIES
THE
A ugust 20, 1898, J
C H R O N IC L E .
B ankers' (Gazette.
O I V I P E N D 3.
P er
C e n t.
N am e o f C om pany.
R a i l r o a d o ( S t e a m . -)
1
A t l a n t i c & D a n v i ll e , p r e f .............
1R
C h ic . B u r l . & Q u in c y ( q u a r . ) ........
S treet lta ilw a y s .
1
B u ff. & N i a g a r a F . E l e c . ( q u a r ,).
1R
M e t r o p o l i t a n 8 t ., N . Y . ( q u a r . ) . .
M is c e lla n e o u s .
A m e r i c a n F i s h e r i e s , p r e f ..............
1R
L a c l e d e G a s L i g l it , c o m ..................
1%
N a t io n a l B i s c u i t , p r e f . ( q u a r . ) . . .
1R
N a t io n a l L e a d , p r e f . ( q u a r . ) .........
2
S t r e e t R y . & 111. P r o p e r t i e s , c o m .
2
W e ls b a c U C o m m ’l , p r e f . ( q u a r . ) .
* S e m i -a n n u a l , a t r a t e o f 7 p e r c e n t p e r
W h en
P a y a b le.
B o o k s c lo s e d .
( B a y s i n c l u s i v e .)
S e p t.
S ep t.
1 ------------- t o ------------15 A u g . 2 0 to A u g . 28
S ep t.
O ct.
1 5 S ep t.
15 S e p t .
S ep t.
S ep t.
Aug.
S ep t.
A ils ’.
S ep t.
1
15
31
15
19
9
A ug.
Aug.
Aug.
A ug.
A ug.
S ep t.
2 t o S e p t. 15
1 t o S ep t. 11
23
30
24
20
17
1
to
to
to
to
to
to
S ep t.
S e p t.
Aug.
S e p t.
Aug.
S ep t.
1
15
31
15
18
9
annum .
W A L L . S T R E E T , F R I I t A V . A U G . 19 . 1 S 9 S .- 5
P. M .
The Money Market and Financial Situation —The
general prosperous conditions which are expected to follow
the declaration of peace were foreshadowed on the floor of
the Stock Exchange this week. This expectation is more
than local, or even national; it is evidently shared by invest
ors in the principal financial centers of Europe, where senti
ment in regard to the futare of American interests has under
gone a great change. This is shown by the operations for
foreign account, which form a considerable part of the’ activitv in the security markets during the week.
’The share market responded vigorously to the favorable
traffic reports made by the St. Paul company and to the in
crease in Burlington & Quincy’s dividend rate. A feature of
the week was the execution of commission-house orders in
large volume, which covered a wide range o f securities, in
eluding many low-priced issues that have recently been
neglected, some of which are likelv to advance under the
better conditions now prevailing. Doubtless a considerable
part of the activity is speculative in character, but the move
ment of high-grade securities seems to be limited chiefly by
the paucity of offerings. W e referred last week to the large
transactions in Government new 3 per cent bonds. This
movement has continued in more moderate volume, and the
premium advanced to 5% per cent.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 1% to 2 percent. To-day’s rates on call were 11 to 2
per cent. Prime commercial paper quoted 3% to 1% per cent.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £471,774, and the percentage
of reserve to liabilities was 47-21, against 45-42 last week; the
discount rate remains unchanged at 2% per cent. The Bank
of France shows an increase of 5.150,000 francs in gold and
2,575,000 francs in silver.
The New York City Clearing-House banks in their state
ment of Aug. 13 showed a decrease in the reserve held of $5,855,400 and a surplus over the required reserve of $33,111,850,
against $39,893,000 the previous week.
1898.
A u g . 13.
D i f fe r i n 't f -P m
P rev . w eek .
1896.
A u g . 15.
1897.
A u g . 14
$
$
9
*
59.022.700 60,622.700
59,022.700
C a p it a l .....................
75,292.300
S u r p l u s ...................
74.363.900 73.294.000
L o a n s < d l s o ’ n t s . 659,411,100 Inc‘<L911,400 555.170,300 464,918.200
fc
Circulation..........
14.231.100 Dec
42,700
13.185,500
15,789,800
N e t d e p o s i t s ......... 760,754,600 Iuo 3.703,0i*o 630.5 49.900 467,39 L700
S p e c i e ...................... 166,224,400 Deo 2,763,600 92.612,300 46.363.00 )
L e g a l t e n d e r s ___
57.076.100 Dec. 3.091,800 103,917,900 79,385.6(0
855
United States Bonds.—Sales of Government bonds at the
Board include $1,930,600 3s (when issued), at 105 to 105%;
$25,000 4s, coup., 1925, at 127 to 127%; $1,000 4s, reg., 1925, at
127% and $5,000 4s, reg., 1907, at 111%.
The following are the daily closing quotations ; f o r y e a r l y
ra n g e see s ev e n th p a g e fo l lo w i n g . ___________________________
In terest
P e r io d s .
A ug.
15.
A ug.
13.
A ug.
16 .
A ug.
17.
A uq.
18.
A ug.
19.
* 97
* 97
* 97
* 97
2 s , ............................r e g . Q. - M c h . * 9 7
* 97
10 5 3 4 10 5 1 4 10 5 3 4 10 5 % 1 0 5 R
( 3 3 , 1 9 1 8 ,1 0 -2 0 8 .e p . Q . - F e b . 1 0 5
4 s , 1 9 0 7 .............. r e g . Q . - J a n . * 1 1 1 % * 1 1 1 % * 1 1 1 % * 1 1 1 % * 1 1 1 % 1 1 1 3 ,
4 s , 1 9 0 7 .............c o u p . Q . - J a n . -1 1 1 R * 1 1 1 3 , * 1 1 1 % * 1 1 1 % * 1 1 1 % * 1 1 1 %
4 s , 1 9 2 5 .............r e g . Q . - F e b . -1 2 7 3 4 *12734 * 1 2 7 % 1 2 7 % * 1 2 7 % " 1 2 7 %
* 1 2 7 % 1 27 3s * 1 2 7 %
4 s , 1 9 2 5 ............ c o u p . Q „ - F e b . * 1 2 7 % * 1 2 7 % 1 2 7
*112
*112
*112
*112
112
5 s , 1 9 0 4 .............. r e g . Q „ - F e b . * 1 1 2
*112
*112
*112
*112
*112
5 s , 1 9 0 4 ............ c o u p . Q . - F e b . * 1 1 2
6 s , o u r ’ c y , ’ 9 9 . . .r e g . J . & J . * 1 0 2 % * 1 0 2 % * 1 0 2 % * 1 0 2 % " 1 0 2 % * 1 0 2 %
*101
*101
*101
*101
*101
4 8 , (C lie r .) 1 8 9 9 . r e g . M a r c h . * 1 0 1
- T h i s is t h e o r ie e h id a t t h e m o r n in g b o a r d : n o sale, w a s m a d e .
) D ? a l i n g s a r e i n b o n d s “ w h e n i s s u e d " a n d r e p r e s e n t t r a n s a c t io n s
i n t h e U n li s t e d D e p a r t m e n t o t t h e E x c h a n g e .
C o in s .—
Following are the current quotations in gold for
corns:
S o v e r e i g n s ..............$ 4 8 6
N a p o le o n s .............. 3 8 6
X X R e ie h m a r k s . 4 7 4
2 5 P e s e t a s .............. 4 7 8
S p a n . D o u b l o o n 8 .1 5 5 0
M ex. D o u b lo o n s .15 5 0
F in e g o ld b a r s ... p a r
•®$4 8 8
® 3 87
® 4 78
® 4 81
-3115 6 0
® 15 60
p rem .
F in e S ilv e r b a r s .. — 5 9 R ® — 6 0 1 i
F i v e f r a n c s .............— 9 3 ® — 9 6
M e x i c a n d o l l a r s . . — 4 6 ® — 46^ 3
P e r u v i a n s o l s ___ — 4 2 @ — 4 3
E n g li s h s i l v e r . . .
4 83 ® 4 86
U . S. t r a d e d o l l a r s — 5 5 ® — 6 5
State & Railroad Bonds.—Sales of State bonds at the
Board include $41,000 Tennessee settlement 3s at 92% to 93%;
$311,000 Virginia 6s deferred trust receipts at 8 to 9, and
$2.00) Alabama Class B at 105%.
The railway- bond market has been freer from sensational
features than the market for stocks. The volume of business
was not exceptionally large, fluctuating between $3,300,000
and$3,900,000, and averaging about $3,500,000 par value per
day. Prices are generally higher than last week, but in
most cases the advance is fractional. In the active list there
are a few exceptions, including Fort Worth & Denver City,
Burlington & Quincy convertible 5s. Kansas City Pittsburg
& Gulf. Oregon Short Line income B., Texas & Pacific 2ds
and Union Pacific Denver & Gulf issues, which advanced
from 1 to 4 points. In addition to the above there was notable
activity in Atchison Chesapeake & Ohio, Central Georgia
Railway. Missouri Kansas & Texas, Northern Pacific, Read
ing, St.’ Louis Southwestern, Texas & Pacific, Union Pacific,
Wabash and Wisconsin Central bonds.
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 January 1.
S a le s
.— W e ek e n d i n g A u g . 1 9 — . .-----------J a n . 1 to A u g . 1 9 -------- .
IV. T. S to c k E a ch .
1898.
1897.
1898.
1897.
G overn m en t bon d s
* 1 .6 1 2 ,6 0 0
* 4 3 ,0 0 0
* 1 0 ,4 6 1 ,9 5 0
*8,3 8 8 ,1 0 0
State bonds............
3 9 4 .0 0 0
2 8,500
1,488,500
1,119,000
B B . & m isc. bond s.
17,807,600 10,666,500
6 2 1 ,780 ,31 0
306 ,210 ,99 0
T otal.................. *1 9 ,8 8 4 ,1 0 0 * 1 0 ,7 8 8 ,0 0 0
*53 3 ,6 7 0 ,7 0 0
*31 5 ,7 1 8 ,0 9 0
s to ck s —N o. shares
8,476,141
2 ,3 08,020
85,093,206
3 9 ,820,212
Par v a l u e . .. . * 3 3 8 ,9 3 5 ,6 0 0 *2 1 0 ,6 5 8 ,6 5 0 * 6 ,2 9 0 .0 4 9 .6 2 6 * 3 ,7 9 5 ,9 6 1 ,4 0 0
Bank shares, par val.
$1,560
$ 1,800
$ 1 2 5,71 0
$ 2 2 0 ,4 1 0
We add tne following record of the transactions for each
day of the week.
W eek e n d i n g
,------------ S to ck s-------------* R a ilr o a d , die.
A u g. 1 9 , 1 8 9 8 . S h a r e s .
P a r v a lu e .
P on ds.
S aturday................ 178,000
$ 1 7 ,258 ,50 0
*051 ,500
M on d ay.................. 553.551
58.89 5.KO0
8 ,2 58,500
T u esd ay.................. 6 86 ,242
6 7 .332,2u«i
3.29 4.000
W ed n esd a y ............ 8 87 ,028
8 5 ,941.350
3,927.000
T h ursday................ 096 ,524
6 7 .841,900
8 393,500
Friday...................... 474 ,694
4 6 ,065,650
2.783,000
T o ta l.................3,476.141
$33 8 ,9 3 5 ,5 0 0
S ta le
U. S.
Ponds
Ponds
$15,4)00
$ 54 ,400
151,000
465 ,000
21,000
131,700
117,000
18,500
689 .500
90,000
........
323 .500
$ 1 7 ,807 ,50 0 $ 39 4,00 0 $1,682,600
The sales on the Boston and Philadelphia Exchanges for
223,300,500 Dco.5,855,400 196.530.200 126.248,600 the week ending August 19, 1898, have been as follows :
R e s e r v e h e l d ........
L e g a l r e s e r v e ___ 190,183,650 Inc.
S u r p lu s r e s e r v e
925,75i 157.647.475 110,844,425
33,111.850 Dec 6,781,150
3-i.882.725
9.400,175
The Clearing-House, on Oct. 30. 1897, also began issuing
weekly returns showing the condition of the non-member
banks which clear through the Clearing-House institutions.
The statement in full for the latest week will be found on
a preceding page.
Foreign Exchange.—The foreign exchange market was
firm during the early part of the week, becoming easy on
Wednesday and weak on Thursday and to-day. Rates have
declined.
To-day’s actual rates of exchange were as follows : Bank
ers’ sixty days’ sterling, 4 83%@4 84; demand, 4 85% @4 85%;
cables, 4 85%@4 86 ; prime commercial, sixty days, 4 83% d
4 83% ; documentary commercial, sixty days, 4 82%®4 83%;
grain for payment, 4 83@4 88% ; cotton for payment, 4 82%
@4 83% ; cotton for acceptance. 4 83% @4 83%.
Posted rates of leading bankers folio v :
A u g . 19
S ix ty d a y s .
P r i m e b a n k e r s ’ s t e r li n g b i ll s o n L o n d o n .
4 8 4 &4 85
4 8 3 4 i® 4 8 3 %
D o c u m e n t a r y c o m m e r c i a l ............................... 4 8 2 * 0 4 8 3 1*
P a r is b u n k e r s ’ ( f r a n c s ) . . ................................. 5 2 1 % 0 2 1 3 , „
A m s t e r d a m ( g u i ld e r s ) H a n k e r s ....................
40*e 0 4 0
F r a n k fo r t o r B rem en (re lc h ita r k s ) b ’ k e rs
9 4 * -a t t 9 4 °s
D em a n d .
4 86® 4 86R
5 20 0 5 1 9 5 ,6
4 0 % 0 4 ' 5,g
9 5 % 0 9 5 3 ,0
The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying 1-18 discount, selling par: Charleston buying par,
selling % premium: New Orleans, bank, $1 00 premium,
commercial, par; Chicago, 30c. per $l,00J discount; St.
Louis, par.
. ---- --- — P o s to n .- ----------------s
R ond
lis te d
U n lis te d
sh a res.
s a le s .
sh a rrs.
Saturday . .18. *263
3.014
$12 8,00 0
11.302
M onday .. ..3 S .8 7 3
273,000
T u e s d a y .. ..4 5 .4 4 7
8,413
112,350
124.300
W edfiesd’ y .S 1,280
20,903
Thursday. . .8 5 .2 40
24,330
125, *00
F riday. . . .
8,700
05,000
T o t a l . .. . 207.109
71.782
829 ,850
/----------- P h il a d e l p h i a l.-----------V
L is ted
U n lis te d
B ond
sh ares.
s a les .
sh a res.
$79 ,500
7,024
8,868
157,290
22,398
8,618
24,079
4,752
2 5 4 ,0 5 0
38,379
12 772
220 ,500
60,785
27,589
7,496
8 6,900
18,401
6,720
137,870
44,232
85 ,0 2 5
Railroad and Miscellaneous Stocks.—Rarely during
recent years has the stock market experienced such a pro
nounced boom as ths record of this week shotvs. Transac
tions increased from about 553,000 shares on Monday to 887,000 on Wednesday, when the climax of the movement was
reached, both in volume of business and prices. On that day
Burlington & Quincy dividend rate was advanced from 5 to
0 per cent and the shares advanced nearly 5 points in the
market. In sympathy with this advance St. Paul was bid
up over 3 points during the day, Illinois Central 3,Jtock
Island 2% points, and new high quotations were recorded in
many cai-s. These induced liberal sales to realize profits and
a moderate reaction followed. Manhattan Elevated was the
weak fea'nre, having steadily declined to below par, and re
covered to 100%.
The miscellaneous list was decidedly err atic. led by a sen
sational advance of 20 points in New York A 'r Brake, 14%
points in Americas Tooacco. 9% points in United States
Rnbb'-r preferred and over 7 points in American Malting
share-: all these stocks have siDce declined. Tbe iron stocks,
including Illinois Steel, Minneesota Iron and Tennessee Coal,
Iron and Railway have held strong on the favorable condi
tion of the iron industry. People’s Gas was unusually active
and fluctuated over a range of about 6 points, with a net
gain of nearly 2 points,
_
"'H E
356
0 H E O N I C L E —STOCK PRICES (2 pages) P ag e
1.
[You LXVII.
New York Stock Exchange—A Daily, Weekly and Yearly Record.
8 T O Q Z S —& J Q 8 s s r A V D
S a tu r d a y ,
A U ij. 13 .
ito n d « y .
A u g. \ t.
130 *190
180
•100
*10
12 1 1.**
•18
•37
* 3 7 * 37% •37_k
U
14*j 1 1 * U H
14k
3 5 ft 3 5 * . 3 5 * 30 *
36
17
1 5 * 10% *16
Uii
7 I
„
6?i
*103
OS *105
*105
08 |
6 Ift!
39
*47
67
*68
*75
84
*83*
54*
54
83*
•37
•06
•8SK
54*
8 7 ft
20
67
6hi
54 %
07 k
*87
*00
•75
•83
54
0 2 * 0 2 ft
V os* 0 3 *
0Hi
1 7 * 1 7 * •i
17ft*
*'<*
25
23%
25 is
21H 25
*150
*130
•159
*170
*170
*170
1 1 4 * 115
114
liS M tu -M
* 5 8 * 5 9 * • »? K 60
* 1 0 7 * 1 0 8 * •107
108 V 108
S
14ft 15
15
ISM
15^
72
*70
72
•70
*70
‘ 10
41
40
41
29%
* 2 8 * 3 9 * • ** u
20 k
10
V
94
ISO
30
*38
36
•33
105*106
108
1065s 100
*104
L35
155
ISSM 158
183
1 3 3 * 13854 13444 131
.....
103
1 0 3 ^ l'o’ i f t 104%
io ®
S 3X 84
8 3 ft
b l%
*154
160
*151
LOO •154
17*
*7%
7*
8%
•7%
S*t h 271* *28
30
29k
4 4 * 4 4 ft
44
45k '
45*
ST
S7
69
14* 14*
14% 14 f t
14k
•40
50
40
540
*40
*169
•100
*109
*5
0*
•15
16*
*454
•434
=M
24
23
*24)4 24
♦108
109
108 108% 108
§152% 1 5 2 * 150 150
150
14
•13
1 3 ft
1 3 '*
5 3 ft
51M 5 2 *
524* 5 IH
i s % ISM
18M l.Vl,
18^
•30
•SO
ifK
36
•18
•25%
•52
14
39*
19*
26
55
•12
14
•130% 132
14)4
37
•IS
*25«
•52
14%
37%
19^
26
55
• lo w
1 i
13144 132
*o\ rs rr S A L S
T u esd a y,
A u g . 10
*14*
3 7 ft
*18%
•35)4
152
14
131
P R IC E S .
STOCKS.
W ed n e s tin g T h u r s d a y , j F r iiU i y ,
Aug
17.
A u g. IS . | A u g . 19.
N. Y . S T O C K E X O H .
R a n g e f o r y e a r 1 8 9 8 . j R a n g e f o r p r e v i
S a irs
o f th e O n b a s is o f to o -s h 'r c lo ts o u s y e a r (A 8 9 7 J .
if'crA*.
S h a r e s j L o w e s t.
H ig h e s t , 1 L o w e s t . H i g h e s t
K a il r o a d S to ck s *
•190 290
V Ihany X SusQnehauiiA.. I
*190
ia o
•190 S20
1183 Jan
nn A r b o r .. . . . . . . . . . . . . .
13)4 113
13% *12
!SM
190 11 A p r
i S k ! ♦12
37
30
Do
p r e f. |
38%
38
38 j 537
320! 34 Jan
14 1■itch. Topefat .t Shuts r o . 1 1,980 lO M A p r
U
1 4 4 14%
! 4k
36k
30% 30%
I)o
p r o ! ,! 9 2 ,127 22% M u r
35% 3 6 k i 3 5 )j 3B!<|
17
383! I 2 f t ja n
110% h i m ; 110% 10% •10% 17 1 l ^ a l U m o r o i O h i o . . . . . . . .
0 ft
0
05bi
0
6 |
905
5% Jan
Oft
8M JAnlt. & 0 . Southw ., p ro f.
08
•105
08 i *105 108
♦103 108 1Boat. S X. V. A ir I,.. p ro f.l
......... 1105 Mar
08 k 1
63k
07
00%
85
54%
*6 l
54
9®i*
i7 -k
25%
93
*159
*170
lid
11 4 k
59%
50 M
;08
108%
15%
16%!
72
•70
41
1
30%
30%
9
9k
30
*8.8
LW
O
107%
Lott 5159%
1 3 5 k 134
09k
30 1
BUM
31
06
83
54
S5
55%
Bl'M
3 0%
00
*73
j 83
5 lk
14*
37*
19 k
20
52
14
131
5%
5k
• 21k 24
108
110
150
150
13%
5 3 k 54%
1 8 k 19 ft
•75
90
1434
37^4
*23*
•52*
09
31
07
1Brooklyn It:»p*d T r a n s it... 171,150! 35 M a r l 2
BuflWo b o o h , A P itts b u r g .1
075J 25 M ar 12
Do
p r o f. |
730 62 M a r 6
Burl. Ce-livr R apids A N o ..(
14 405 M a r lO
200! 72 A p r 21
85M n .iiiiidlan P a cific...............
54ft| V^anada S ou th ern ............. 10,090 4 4%Mur 12
07%
*00
*75
*85
5(M
14%
88
26
55
15
15
13114 13IJ4
53°
51%
b sm
18)4
*75
»1<M 37
* .,....
*2ok
*52%
12W
15
132
UM
37%
1 9ft
23
55
12M
15%
1 8 8 ft
54
l»k
90
Do
pref.
Des M oines A Ft. D o d g e ..
17,892
2, L50
Dul. So. Shore A A tl.p re f.
14 M i m U r i e ........................................
1st p re f.
S7.M 3734 J-4 D o
518% 18%
Evansv. A Terre H a u te ..
•28M 20
Do
pref.
*52% 55
12M i « M
*194
*60
isa
5S'4
34
73*
S3 *
•73*
5 0 * •50
00
55 9 k
5 5 * SUM
56k
SW4
103*1 101
104 k 100%
158
158 m 159 % 158 m
5%
•5
5 k i *5
i
1
*M
•M
1 0 9 * 109
109
'1 0 9
2 »X 'M M
W'A •28
8 0 ft SUM *8 9 k
88*
01
60*
oo.M 00)4
*0
*6
12 i 12
12*
xaM
30 1 3554 8 » *
36
38 1 3 7 * 3 8 k
37*
2 8 * ! *28
28 k | 28
*17014 175
*1701/
175
16
*13
132% 135
Ft. W orth A R io G r a n d e . .
/” * reat N orthern, p r o f . . . .
57
57
59*
•5 7
5 6 ft
58*
57k 5 8 «
102% 100W 10114
99%
1 5 9 k 159
159% 157%
5%
*5
5k
1
1
♦k
109
109 k 109
• 108ft
20*
29 k »UM
90
90% 90% §90ft
61
61
01%
0 ‘JM
*6
12W 124^
12*
18 M
36% 37
30
30%
38%
S 'M
31M s a w
28%
2 3 k ♦28
28k
174
•170 U 1 75 ♦170%
.....
120
1 2 0 * 1 1 9 k 120
119% 120
1 1 8 ft
14M 14% 114%
* 1 4 * 15
n «
MM
•60
80 1 *70
80
78
•08
•08
36
30
•35
38
•35
38
*35%
*55
60
59
58
58M 5 7 ft
1 0 0 ft
9 0 % 101 ft
1591% 157% 159%
5 ft
l'
*%
*108% 109
109
2 3 ft 2 8 ft
ddii 590
00
01^ *01
02
.........
•0
12)4 12%
is m
37
. 30% 37
>
S7M S <
88^
28% •28
28%
175
30
7
Apr
Apr
oOM Aus
! 4 « J 'l 7
5 Apr
11 A p r
20% Apr
1 5% A p r
22 M ay
40 Jan
55
54% A u g 16
20 J ’n e 10;
7% F e b 5;
10% F eb 4
48JftFeb 11
2 1 ft F eb 11
26 M ay 11
54 A u g 5
5 D ec
ll% A p r
27 A p r
15% M ay
2 0 ' “j ’ ne
28 Aug
lO ftA u ?
19 Sep
46ftS ep
2 5 ft Aug
84 'S o p
48 Sep
700 10 M ay 19 16 ftJ a n 31
12 N ov 20% Sep
8,395 +122 J ’ ly 1 180 J ’n e 30] 120 Jan 141 Sep
130 Jah 7 3 2% Feb 24
27% A n r
50 D ec 50 D eo
31,143 96 A p r
10 §94 F e b
1.220
7% Mar
1,88';- 25 A p r
6 Feb
1,150 15 A p r
3 Jan
100 15 M ay
30 J ’ ne
100
2 M ay
18,760 12% M ar
10,700 66 M ar
1 7 0 ft Jan
L on g Isla nd...............
3 30 40 Jan
L ou isville A N a s h v ille .. . . 73,02(1 44 A p r
\yf anhattan K iev.,con sol. 107,092 01 M ar
iTJLetropolitan S tre e t.......
10,8 I f 1 3 5 % M ar
aOC
M exican N at’ l .t r ir e e ls ...
1 F eb
M ichigan C en tral.................
89 d 99% M ar
M inneapolis A St. L o u is ,..
70C 24 M ar
Do
1st pref.
778 84 M ay
Do
2d pref.
800 40 M ar
Mo. Kansas A T e x a s .........
Do
pref.
M issouri P a cific........... —
M obile A O hio........... .........
4
21
22
22
9
18
2.18!)
1 6 ,0 1£
28,857
50C
21 113% A u g 17
18 97M A u g *
18 10% A u g 19
26 3 7 ft A u g 10
2
6)ftl?eti 2
26 24 % Feb 10
27
5% J ’n e 1J
12 15% J 'n e 14
2 34 Jan 81
19
14 2 3 ft A u g 19
14 83 A u g 19
4
20 59% A u g
21 60% Jan
20 120% Jan
26 171% F eb
10
31
14
14
10
l% M a y 2
12 114 ftF e b 8
11 s o jftl’ eb 15
14 91 J ’ne 27
21 03 J ’n e 8
10 A p r 13
2 8 ft Mar 12
22 M a r l 2
2 4 ft A p r 19
S167%Jan 4
14% Jau 20
41 Jan 28
3 8 ft A u g 11
32% Fob 7
1 1 8 % 1 1 9 ft D Y. Central A H u d son ..
14% 14% N. Y. Chicago A St. L ou is
Do
1st pref.
*68
80
Do
2d p ref.
8 5ft 30
11,490 105 Mar
llft M a r
6U
73 F ob
000 28 M ar
§320 Jan
107
19 5 m u k 1 0 1 % *195
*195
197
1190% 190%
I5?i
151* 10
10
1 6ft
ISM 10
1«M
00
*00
00
15% 1 5 k •15
10
M 5W 10
*15% 10
15*
55V, *53?1 5 JH
54
54
5 4ft
51)4 54M
5 ik
35
30% 3 *k
36-8.
3 5ft 37
3 5% 36%
84*
7 Sft 75%
7SM TDM
75M 76%
7m
7«
73*
N. Y. New H a ve n A H art.
195
195
10% IBM N. Y. Ontario A W e s te rn ..
127 §178% Jan 7 §190% A u 18
20,248 1 3 ftA p r 25 1 8 ft Feb 2
5 3 ft
73%
55%
ssk
7ft 1 7 5 ) ,
08
75W
58
59%
75%
58%
*75
58%
5854
70 1 *75%
* T h e se are bid and naked p r ic e .'; n o Balea on tills day.
OUTSIDE S E C U R IT IE S
S tre e t B a B w n v iN E W Y O R K C IT Y .
B eeck 8 t A Fill F—S tock.
la t m ort 7a 19 0 o , , . J &J
B way A 7 tb A v e —S tock,
l » t m ort 5 s 109 l . .. J A O
3d in ert 0# 1914 — J&J
C on 5s 1 9 4 3 —See Stock
B ' f f t f S u rf 1st 5s z n . ?024
8 d 5 3 a a% rental. 1900
Cantral G foastow n—Stock
1 ft M 6* 1 9 2 2 ....... MAN
Con Pit N k K R iv —Stock
C ou iol 7* 1908....... J A n
Bid.
Ask.
(O rv e x
•15%
53 ft
3 5 ft
74«
at
S t r e e t E a U w B 'r * .
i C h rist’p’ r
urns oi -)? wuk
32
31
1st m ort 1 8 9 8 ........AAO
101
10 1 , C olX 9 1h A vs 5fl-S«s Stock
210
220
D D E S k H atF y—S t o c k ..
100
Lit gold 5- 1932. . . JAD
$105
Scrip 5s 1 9 1 5 ..........F&A
>110
11!
E xob 1 lift.
Eighth A v e n u e —S t o c k ...
Scrip 0 » 1 9 1 4 ...................
1 15
117
105%
(2d & G r St F o r—S t o c k ...
5104
12d St Man Sc St N A v o ..
255
1st m o rt fig 1 0 1 0 ..MAS
m sx
180
2d Incom e 03 1 9 1 0 ..TAJ
iii
1 L ex A v A P av F 5»-Sse Stk
$110
38 D ec 55 Jan
4 0)4 A p r OSftSep
8 1 ft May 118 Sep
9 9 ft O ct 133% D eo
O ftJ'ly
2 ftA u g
l N ov
90 Jan lU J i S e p
16 M ay 31% Sep
? 7 ftM a r 90 Sep
46 Feb
02ftS ep
0 D ec
10 A p r 1 BXSop
42 Sep
2 4 «A p r
10 M ay 40% sep
18 J ’ ne 32 A n j
1 6 2 % J ’ ne 178% D eo
i 60 F e b l8 5 % S e p
1 2 ft A p r 20% Sep
N orfolk A W e s t e r n . , . . . .
800
10
7,262
5 4 ft
Do
pref.
37% Nor. Pac. H\\, v o t. t r .c t fs . 21 7,839
Do
p rof. L21,599
70
17 F eb 7
56% F eb 7
37% A u g 16
7 0 ft A u g 10
9 A pr
22«M u j
11 A p r
3 2 ft Jan
17H80P
48% D ea
2 2 ft Deo
O lftD e o
60% V-/ r. Hit. A N .C o.vot.tr.efs.
Do prof., vot. t.v I'M**
75%
00 % A u g 10
75 % Auir ! 6
10 " A p r
87W.Tan
41 Sep
73% S*
§ L e s s th an 100 shares.
foot
20 120% A u g
H
15 ftJ a n
I t 70 Jan
25 40 % Jan
5 §350 J ’ ly
91% A p r 1 iO ftA u g
97 A u g
88 Jan
0 A p r 18% Sep
23 J ’ne 41 f t Sep
4 J ’ne
9?|A us
17% D ec 29ftS0P
2 Feb
4 ft A u g
12 Mar 28% Jan
32 F eb 80% O ct
2 Aug
1 Au*
18 M ay 2 2% Sep
o 8 % A p r 7 9 ft Sep
1 8 1 Sep
92% F eb 115%Sep
8
17ftSep
11 F eb
31
6 7 ftA p r 81% Sep
31
24 Feb 4 8% Sep
29
19 295 Feb 325 Deo
120
14%
75
38
83*
75
3 7 ft D eo
31 Deo
0 0 ft D eo
70 Aug
83 D eo
ea^ sap.
40 A p r 21
8 ft A p r 21
3,030
9,572
10
..
1 1 9 * 120
W * !<•>(
•60
75
•36
SB *
18 ftJ an.
1 0 ft May
5 4 % J ’ !y
68 A p r
40% Mar
■IDSJiin.;
Control o f N ow J e r s e y . . ..
93% 9 8 ft |
7
103% Jan.
04k
5,315 86% M ar 26 98% Jan
17% 1 7 % [Central P a cific.....................
7 ftA p r
525 11 A p r 23 1 7 ft A u g 17
18 8ep.
17?S
C
25%
47,533 17% M ar 26 21 A u g 17
IS ftM a r 2 7 ftA u g
21% 2 5 ft 1 hesapeake A O h io ,, . . . . . .
....... C h ic a g o x A lto n ................. ..1
......... *159
5150 Mar 11 Id 0 ftJ a n .14 147 J 'ly 170 Mar
►170
5106 M ar 11 I filk M a v 175%N0V
6 9 ft Jan. 102% Sep.
120 1 l t T t t U S f t Chicago, Burl. & Q u in cy . . . 170,788 8 5 ftM a r 26 120 A u g IS
X
*59% 60% Chicago & EasE Illinois ..
2,000 49 A p r 19 06 J 'n e 1 8 7 jf.r n e 61 Sep.
00
Do
p rof.
108. 1 108 103
800 102 Jan 7 118% F ob 1 95 Jan. 103 sep.
B ftJ’ ne 2 0 ft A lie
9% Feb 24 174ftAug IS
IBM 1 7 ft Chicago Groat W e « t e r n .... 72,590
1 7 ft
72
71 % Oct, 75 Doo
*70
D o 4 p. c, dob out n res .
71 % J 'lv 15 71
15
73
4 1ft 4 tft
12
D o 5 p.c, p r o f . " A " , .
3 l% A u g 48 8ep.
030 28 M ar 15 4 2 A u g IS
D o 4 p.c. pref. “ 8
.
*29% 30
1,300 20 A p r 21 3 0 ft A u g 18| 10 A u g SSWSep.
30
8 O ct. 18 A n s
9
9 Chic. ludianap. & L ou Iht. ,
1,330
7 Feb 24 11 J ’ ly 27!
9%
Do
prof.
•34
36
36
1 23 A p r 16 38 % J ’ ly 371 20 N ov 38% Sep.
69% A pr 102 Sep.
110ft 109% 112% C hicago Mtlw. & St. P a u l.. 366 ,200 8 3 % A p r 21 1 1 2 % A u g 18
Do
p re f.
158
.58
159
1,095 140 A p r 251159 A u g 18 130% May 146 Sep.
135% 133 ft 134% C hicago & N orth W estern . 17,872 llS W M a r 12 13 5 % A u g 10 1 0 1ft A pr i s 2 « s o r
Do
p r e f.
163 Jan
31175 M ar 7 158 Jan. 105% S ej
104% 100
1 0 4 f t 106% Chicago H ock Isi. & P a o .. 1 8 8 ,5 8 ? 80 M ar 25 1 0 8 ft J ’ n e 1 60 % Apr 97)^861
47 Jan. 89% Sep,
85
36k
84 m SUM Chic. St. P. MItoou & O iu.. - 11,905 05 M ar 12 87 A u g 17
.54
Do
pref.
22 S148 Jan 5 H 05 A u g 17 133% Jan. ISO ftD ea
*155
......... 5154
7 ft
7 ft
848
9 ft Mar 8
29
29M
Do
p re f.
♦28'
30
495 2 2% J a r
3 33 Feb 5
45% 45M Ciev. Clu. Chic. A St. E ___ 2 8 ,010 25 M a r ia 47)£ A u g 16
2 i% .i‘ n e 41% Sep
45
46k
90
86% 8ep
1 4 ft 14 ft
Do
pref.
•40
5u *
10 45' M ay 2 5 0 )(F e b 9 ‘ 39 N o v 49% D eo
*40
50
Cleveland A P lttsb., guar.
170 J ’n e 7 5174 A u g 8] 101 A p r 168% Sep
•109
......... ♦109
5 % J ’ ue 23
5 % J’ n e 23.
.........
•5%
I f t J ’lv 30
560
8 % F e b 1 0 1 i ^ A p r 18 Ja i
5% Col. H ock in g Y a l. A T o L ..
♦21
Do
pref.
23
14 A u g 46 Jan
700 17 Jan 7 25 F eb 9
23
23
9 9 ftA p r 123 Sep
108% 108% 7 D elaw are A H u d s o n .......
3,155 103 J ’ly 10 114% Feb 3
109
109
A A el. Lack.
W e s t e r n ...
151
LSI
1,420 !4 4 % A p r 21 159 F e b 5; 1 46 % M ay 104 Ang
151
151
1 0 8 * losi-i. 109
n o w 110 % n iw
I t d k 1 1 3 k 111 1 1 2 ft 1 U M U S M Illin o is C e n t r a l................
*06
100
*96
*96
10 0
100
100
A- D o leased line, 4 p. c.
*90
597
97
*90
100
9%
10
m
*9 H
u*
9M
« « HO
094 l OX Iow a Central.................... .
m
• 3 5 * 87
37* 8 iM
Do
p re f.
37
3 7 ft
37
37
3 7 « S7H
3»J i 37
•m
•SM
6*
««
• 5k
*®w
*5M
0S
•SM
«M
««
6M XT’ anawha A M ich ig a n ...
*1?
13
18
iV a n . City Pitts. A G u lf.,
17 *
IS
18
18
17«
15
15M ♦17
n u
*4
5
*4
5
*4
5
*1
K eokuk & D es M o in e s .., . .
5
*4
5
5 , *4
•16
19
*16
10
18
*10
Do
pref.
10
16
*15% 17
'I S M 17
•20
32
•29
32
32
•29
ECeokuk A W e s te rn .. . . . . . .
*29
32
*29
*29
82
32
•4
•4
■
*4
*4
•H
,>
•4
*4
Oft
m
9ft K ingston A P e m b r o k e .. ..
#«
0*
15*
18
19
19
18
19
U3)| r uke Erie & W e s te rn . . . .
IBM 1 0 k
ISM 1594
7.
Aa d o
pref.
7£«
75% 76
7 3 * 73%
73M 75
S3
73 M
im
*192
108
*193
*193
198
♦193 198
*192%
153
55
103
153
♦5
. . *w
1109*
*asj4
80*
*00
•6
• U j»
855«
87*
•28
•170*
69% A u g 1 7 1
|
81 A u g 18
OTftJan 3
75 J ’ ly
1
0O%Jah 20
5 7 ft Feb 5
90 i 93%
1 7% 1174s
20
24*^
•139
‘170
U 994 118
60 k
00
108k
10%
ISM
73
*70
4!k
■11%
aoMj *29%
It.) !
ok
36
•34
L10% 109
L
59%j 157
i a s « 133%
103% 10 4% L06%
85)4 87
88k
100 5105
L05
7k
8k
7k
3SM 527% 27%
48)4 47%
47*
90k
14%
14%
I lk
5 0 * •40 ” 50 "
*169
SM
23
103
150
13%
54k
is w
90
i
4 180 F e b 8 170 Feb 7 7 U A p
9 Jan. 1 5 g A u s
21 15 Feb 8
4 40% F ob 7 2 2 % A p r 40 Ang
9 % A p r 17 Sep.
21 14% A u g 10]
12| 30 f t A u g 111 17 A p r 85% Sep
9 J ’ly
25 2 1 % j ’ n e 17;
21«S op .
7 f t Feb 8
3 J ’ rie
OftSep.
10
9
105 M ar 9 102 Mar 106 O ct,
of
7
t 15x d iv id e n d an d rights.
o o n 'SECPT i t e
Bid. A r t . '
101.1
150
100% 103%
E xob I 1st. ”
170
190
1 18
m o
101
102
320
108
340
360
58
12
113
110 |
90
95 r
Ks&h 1 Imt. 1
1 l% A p r 21
42% Mar 12
10 F eb 2'l
DOft Mar 12
7 Mar 0
10,193 8 5% Jan 7
80 ( 05% \Du> 29
pages)
S t r e e t R n ll w f i v H ,
Mritropoln.au —Ncc- s to c k
Ntilth A v e n u e —S t o c k .. . .
Second A v e n u e —S t o c k ...
Let tnorf 5s 1009 . M AN
D ebenture 5s 1009 .J&J
Consol. 5 k, 1 9 4 8 ...F & A
Sixth A v e n u e —S to ck .......
St) Fer 1st 5a 1 9 1 9 ..A & 0
T h ird A v e n u e —See Stock
1st m art 5s 193 7 .. ,J&J
28th & 20th Sts 1st 5s. . ’ 96
T w en ty-T h ird 8 t —S tock.
Dab 5» 1B0B............. T&J
—
STREET RAILWAYS, Ac
Ask.
S t r e e t R u ilw ix y s .
Bill
E x oh 1 1st.
L u to n R ailw ay—St^etc
1st 5« 1 9 4 2 .. ....... .F A A
170
180
vv e 9token 1 1st 5 s L y .. J&J
178
181
109
4107
il0 5
108
BROOKLYN.
A lla n . A v o ., B 'k ly n —
115
U 5K
225
200
1st 5s 1 0 0 9 ............. A AO
Con 5s g 1 9 3 1 ........A& O
i 11 3 « l 1 4
i m p t O s g 1 0 8 4 .. . . . J&.T
JHJxch. list. |
123
125 i U. B . A W .F . 5s 1 9 3 8 .A A 0
112 | B ro o k ly n C ity —S t o c k ....
4U 0
C on sol 5 h L 9 4 1 .........J&J
330
<kl y n Cr o sstn 5s 19 08. J &J
103
Bid.
175
H iS
HOW
4107
4108
05
90
S IS K
114
105
Aflk.
200
U
4H
211
11?
THE
A ugust 20, 1S98.]
C H R O N I C L E — STOCK PRICES (2 p a g e s ) P a g e 2 .
R a n ge fo r pre
viou s y e a r (1 89 7 ).
8 T O O K S —H I G H E S T A N D L O W E S T S A L E P R I C E S .
M onday,
A u g . 15
S a tu r d a y ,
A u g. 13.
•29
31
38
38
•83
88
♦57
50
118% 118%
•1
IX.
«4
T h u rsd a y,
A u g . 18 .
34% 35%
31
34M
35
31H 3 9 x
39%
39% 40%
§83
83*
84
83% 83%
SUM
60
01
58
01
1 1 9 % 1 1 9 % 119% 119%
•1
*1
n
i%
IX
5%
*5
*5
6
bW
45
45
44%
41)4 45
06
60
00
*0 5 X 00%
'172
*172
•172
•5
7
18
18)4
18%
18)4 18%
43%
43
4S X
42M 43)4
21%
21% *1)4
31% 21%
180
.......... I1S4
*180
29
*28
29
*23
•28
08
68
08
08
168
*123
*123
■123
•0
7%
7%
7%
7X
00
00
60% 60% ! 60%
20
•19
20
21%
21 %
8%
8%
8%
8%
8%
67
00
80%
67%
67
33% 31% : 3 3%
32% 33%
STOCKS.
F r id a y ,
857
N. Y . ST O C K E X C E L
35%
43
86 :
04
O regon Short L i n e .. . . . . . .
acific Coast Co.................
Do 1st p r e f...................
D o 2d p r e f...................
P en n sylva n ia ........................
P eo. D ecatu r & E v a n s v . . .
P eoria & E a stern .................
P ittsb. Cm. Chic. A St. L . .
07
*06
Do
Pref.
*172
P itts. Ft. W . A Ch., g u a r ..
*
Pittsb. A W e st., p r e f .........
18
T> eading, votin g tr. c t f s . .
18*
-LV 1st pref., vot. tr. ctfs .
1 * X 42)1
21% *1)4
2 d p re f., vo tin g tr. c t fs ..
•180
R ensselaer A S a r a to g a ....
•27
29
R io G rande A W e s t e r n .. . .
*07
08
Do
p re f.
•123
R o m e W atertow n A O g d ..
56)4
t. J. A G. I si., v o t. tr. cts.
5«
7«
7X ,
7X
158* 5 8 *
Do
1st pref.
61% i 60)4 BOX
18
§18
21%i 21)4 * 2 -H 22
Do
2 d p re f.
22
8%
St. L. A S. F t., v o t. tr. c t fs .
8%
8%
8)4
8)4
67%
*85% 67
Do
1st p re f.
67
31% 32
Do
2d pref.
3454 3454
34% 1 33M 3 4 X
j
St. L o u is S o u th w e s te rn ...
*5%
6X
Do
p ref.
18)4 12 H
I2M 12 H
12)4 13 1 13
14X
27
•28
•25
27
27
27
•25
♦25
it*
2 7 * St. Paul A D u lu th ...............
*25
27
*
*
*80
02
90
90
93
92
90
92
92
Do
p re f.
1 0 2 % 1 0 * % 161
L63 •101 103
*101
103
103
-63% I162J4 18244 St. P a u l M inn. A M a n ........
22
*2)4
21 % 22
22
22%
2 1 1 4 21)4 Southern Pacific C o ...........
»1J4 22
22)4 22%
9%
9%
9%
9%
9%
9%
S9«
954 Southern, vo tin g tr. c t fs ..
9*
33% 33%
33% 33%
33 % 34%
3314 3454
34% 34% : 34
D o pref-, v o t. tr. c tfs .
34X
13% 13%
13
13%
13% 14
14?4 15 rP e x a s & P a cific ................
14% 15 1 14)4 laW
*177 180
•177 180
177 180
*175 178
JL hird A v e n u e (N . Y . ) , . ..
*175
L78 •170 178
*
1......... 20
20
20 ►
..............
20
T o le d o & O hio C en tral. . . .
20
•20
40
•20
40
•20
40
•20
40
•20
40
Do
p re f.
*20
40
Tw in City Rapid T r a n s it ..
26% 20%
20% 27%
nion P a cific R y .............
1 27)4 *8)4
03
03%
03% 04%
Do
... p r e f .
i
63)4 6 i>X
4%
454
4%
47%
4H
43 >
1*1
414 Un. P ac. D en. & G., tr. re c.
4)4
4W
*7%
7%
7%
7%
yyabash .
7%
8} i
8X
8)4
20
20%
2 0 % 20 %
20% 22
Do
p re f.
21
*24
93% 93%
9 3% 93%
93% 93!
W e st C hicago Street.
92% »*W
W h eel. & L . E., S 2 a s s ’t pd.
* i%
1%
1%
1%
•154
2
*1%
V i|
IX
1)4
•12% 13
§13
13
•12% 13
Do
pref. §3 do
*1254 1 244
•2
2
2
W isc o n . Cent., v o t. t r .c tfs
*1
•5
8
•0
Do
pref.
do
.
*0
8
m is c c lla n ’ s S lo c k * .
105 §105% 105% 105% 1 1 0 5 % 1 0 0
dams E x p re ss.......
$97 % A pr 29
4 5100)4 106W 1100% 106§<
23 % 28%
28% 29%
29
29%
15% M ar 25
30
32?
3 3 % 35
m erican C o tto n O il.. . .
34
33
82% 83
83
83%
83% 84%
84% S5%
68 M ar 14
8 4% 85J 41 84)4 85)4
Do
pref.
•25
30
•25
40
•25
40
22 M ay 13
•25
40
•25
40
A m erican D istrict T el . . . .
•25
40
§134 135
•138 138
1134 130
*135 130
§116 Jan
5
*133
135
Am erican E x press...............
§133
133
30 % 31%
31% 35
35
3 8 i 34 % 30* 4
34
35
24 J ’ly 8
Am erican M a lt in g ...........
33
35X
86
80%
86
80%
85 % 87%
8 4 % 86
84
84%
64
Do
pref. 13,4391 7 6 % J ’ly 5
85
13
13%
13
13%
13% 14?*
0% Jan 20
13% 14 ! 18)4 14 X
13% 14
A m erican Spirits M fg s . . . . 13,255
37
87
37% 37%
38
39
2,307 i o M ar 20
38% 39
38
38
Do
p re f.
38
38
38% 38%
87 % 39
38
38
2,799. 3 7 J ’ ly 7
37% 37] 4[ 37)4 3 7 X
37
37
A m erican Steel A W i r e . ..
92% 92%
02
92
9 2 % 92%
•92
92! 4
2,3041 8 8 % J ’ly 29
01
01%
92
Do
p ref.
01
1 3 8 % 1 3 9 % 137% 139% 188 139% 138% 142' i 1 3 8 % 1 4 2
138% 141% A m erican Sugar R efining. 184,222 107% M ar 20
•114 114% 114% 114% 114% 115
114% 115 j 115
*114% 114%
Do
p re f.
1,196 103 M ar 25
115
§97% 97% x 93% $90% •95
190
90
98
*95% 98
A m erican T eleg. A C a ble. . |
158 §88 Mar 29
• »»% 98
1 8 1 % 1 3 3 % 134 133% 138% 143
135% 145
A m erica n T o b a c c o ............. 115,025
83% Jan 24
1 3 7 « 141 X 138% 141
1129 130% 1129 129
130% 132% 133 134
985 112 j-4 Mar 11
*134% 135%
134
134
Do
p re f.
198
99%
99
99
99
09
77 78 M ar 14
99% 09^ 1 *09
Do
divid en d scrip.
99=H
99% 99%
3%
3%
3%
3%
3%
3j ■
3,730
ay State Gas.
2 % Mar 2 1
8%
3%
»
344
3)4
4127 127
•127 129
•127 129
128
128
885 100 M ar 20
127
127
r < ................
rooklyn U nion G a s ........
4128
128
•11 % 12 % •11% 13
12 % 12 %
900
Brunsw. D ock A C. Im pvt.
13
11% 12
9 J ’ ne 3
12% 13! * *12
*%
%
200
•%
%
% A pr
o lora d o Coal A I . D e v e l. i
%
X
•1%
2%
• 1%
2%
•1%
2%
2 J ’ ne 6
•1%
2 v .................. .
Do
p re f. I
254
%
%
23% 23%
23 % 25
3,303 17 M ar 12
*24% 24) i ......................
2354 2554 C o lo ra d o Fuel A Iro n .........
•......... 75
*.......... 75
•.......... 75
100 75 A u g 19
•......... 75
75
.0
Do
p r e f.,
•4 %
5%
*4%
5%
4%
5
1,140
5%
5; 41 *5)4
0
6 Col. A H ock . Coal A I r o n . .
4% J’ ly 25
0
1 9 9 % 1 9 9 % 1 9 9 % 1 9 9 % 199% 199% 198 199
5,381 107 M ar 26
192
195 C on solidated Gas (N. Y .)..
103
198
•38
39% •38
40
•38
40
3,490 27% M ar 25
138
38
3344 4 1 X
40)4 4134 C on solidated Ic e ..................
•90
94
190
90
•89
94
185 8 3 % A pr 28
•90
95
•89
05
Do
pref.
9154 9144
•40 . . . .
•40 . . . .
•40 .......... •40
•10 .... C on solidation C oal.............
40 M ay 17
•58
00
•57
00
•59
00
000 45 A p r 20
*60
D etroit Gas
80
60
•00
61
•......... 80
• ..... 00
, 60 *
00
astern E le v a to r ..
01% M ay 20
•131 133
182% 133
133
133 *133
400 119 A p r 8
133
*133% 133% 13254 134)4
dison E lect. 111. <N. Y .).
1
25 106% J ’ ne 17
Edison E lect. 111. (B ’ k ly n ).
1125 125
41
41
4 1 % 41%
41% 4 i% ; 41
9,570 29% M ar 12
G enera E le c tr ic ...................
40% 42
10«
25
25%
25% 25% •25% 20 I 26
265 H awaiian Com . A S u g a r ...
2,905 1 5% A p r 2 2
■
i
20
26
63
05% 07
00 % «7% i 08%
62%
08' ] lllnols S te e l........................ 15,255 4 4 % A p r 25
00
4, 66)4 66)4
40% 55
52
in t e r n a t io n a l P a p e r ....... 12,870 40 A u g 18
89
Do
p r e f.
4,122 8 8 % A u g 18
»1 %
U1X
53 % 53%
53%
53
52% 53
52%
52% 52%
aclede Gas (St. L o u is ). | 3,744 37% Mar 25
»
52)4 53
•94
90
97
•94
90
•94
105
00
•94
•94
00
Do
p r e f.
HI
85 M ar 12
•45
52
*52% 52% •47
52 1 •47
52
•47
A Taryland Coal, p r e f........|
•47
52
10 45 M ar 28
7 7 % 78%
78% 79%
79% 80 ! 80%
62% 88 % -T L lan esota Iron..........
27.909 57 Jan 20
Ir o n
V 81% 83
32 % 33%
33% 30
33% 35% ' 34
33% 33% R a t i o n a l B iscu it.
10,570 30% Aug
4
32)4 33)4
•98
99
99
99%
99
•97
5 0 " 94% A u g
99
08
•08
99
p re f.
37
37
37% 37% ’ 37% 39
38
37% 37% N ational L e a d .................... . 21,770 20% M ar 20
39
37)4 38
•112 114
[)n
itHK 99 A p r 22
113
113
113% 113% 1113 114
000
§113% 1 14
I I I 3% 114%
Do
p r e f.
4 J ’ly 28
—
-7%
7%
7%
7%
7%| *7
7%
8
2.208
7
7
0%
7 N ational Linseed O il.........
7%
8
•7%
8% ;
*7%
8
TOO
•7
8 N ational S ta rch ...................
5 A p r 25
8
•7)4
83
•73
s i * •75
83
*73
77
•73
77
•73
71
00 Mar 25
Do
1st p ref.
*27
30
•27
30
•26
29 i *25
20
•27
29
*27
29
Do
2d pref.
15 J ’ ue 29
•35
42
43
•35
•35
42
*35
48
•35
43
•35
43
N ew Cent.Coal (new sto ck )
u
Aug 4 4 1 Aug
74% 77%
79% 85%
83
8 4 % ; 8 5%
95% 100
17,028 14 A pr 5 100 A u g
100
4, 87
10%
0%
1,150
■n<Jan 15
4
6«
0%
~
7% J ’ ly
•4
5
4 * ...!..
4 “
4 *
0 , Ontario S ilver..
•4
3 ) [Jan 4
i
.....
4 J ’ ue
32% 38
3 *% 33%
33% 84
34
34% 35
................
17,50b 21 A p r 21 35 A u g
34
84)4
•340 . . . .
•340
..........1*330
......... *330
♦330 ......... L eunsylvanla Coal
§325 Mar 23 §350 Feb
101% 102% 102% 100
104
101,227 86% Mar 20 lO B X A u g
( 100% 106%
190
190
189
189 ;• 190
192
188
1,218 105 Mar 12 210 J ’ ly
l 188)4 188)4 189 189
Pullm an’s P alace C ar........
•1H ..........
1 % ......... CA utcksllver M in in g.........
.........
1)4 A u g 10
2% Jan
•5% . . . .
• 5 % .........
* 5 % ..........
’ <}*
......
•0
8
8 ^
Do
pref.
5 J no 2
6% J’ ne
ilver Bullion C ertifloV s
50'>i .Apr 4 5 0% A u g
•5%
«
0%
0% ..........
................ .
*5
300
5%
tandard R op e A T w in e.
7 May
«%
3X Jan 3
2 7 % 23%
28
28%
*9)4 80)4
3 1 X 33
3 3 % 'rP e n n . Coal Iron A R79,088 17 Mar 12 33 % A u g
R ...
31%
31)4 32)4
...................... SSO
80
180
80
-L D o
p r e f.
§80
80
105 §80 A u g 17 §80 A u g
9% T exa s P acific L a n d Trust..
2,45'*
5 May 27
6%
•
7)4
9)4 A u g
8X
143% 43% *44
44
14 4
44 ; 143
•42
44
F T n ited States Express ..
44
340 38 A p r 14 $45 Feb
[
41
7%
7%
8
8%; vJ nited States L eath er ..
8
7)4
8W
0,111
8% M ay
JH
4
8
RX
SU A pr 25
09% 70%
6 9 ^ 70%
72% 73%;
69 %
Do
pref. 88,82:-i 63% Mar 20 7 3% A u g
72% 73)4
43
44%
44% 45%
4 4 .* 46-H
.
45% 4 7U
14J* Mar 12 48^ A u g
03,405
1 0 0 % 1 0 2 % 103 106
106 109 1 1071 1
■H
Do
pref. 2 3 ,4 1( 00 M ar 12 109H Aug
4 105)4 108)4 105% 105%
• 119
......... , n i 9
119
..........I lg O ), i
'U S
122
YIT'ells, Fargo A C o .
i §120
120
101 §112 6 May
124 J ’ ue
W
93 % * 94 %! 93% *94 % 1 93
~|
94141 9444
95
95%l
.
estern U nion Teli
4
91)4 95%
68,906 82V >Jar 26 9 8)4 Aug
35% S5)4 •33
43
45%
46
185
86
88
04
64J4
06%
1 1 8 % 1 1 9 % 11944
*1
1%
IX
*1
•4J4
0
6
•1 M
15%
46
45)4 4 6 X
05)4
66
65)4
‘ 172
*172
7 *
20
19%
i»)4
40
45% : « x
2 2 %, * 2 «
23
184
*180
*27
29
*06
07X
34X
4744
86
6744
11944
144
6
40J4
65)4
...
P
1 x 15
9 94
44 44
14 54
2> 25
24 24
185 187
28 28
*8 4 0 5
0 4 74
74
4
6 4 64
0 4 04
84 8
5 )4
6 5 65
7 1 74
S
12% 12%
*........
.........
20
.....
2
1
27«
65
34
84
4
25
14
91
24
22
24
8
654
8«
U
21
14
»2Ti
%
A
*3% 3%
122
•a %
22
B
C
n8
E
L
100%
100%
*1%.....
*1%....... *1%
•0
• T h ese are bid and asked p r ic e s ; n o sales o u this day.
OUTSIDE S E C U R IT IE S
8 t r « f t R n llw n y t i,
B ’ klyn E lev, all ass’ts pd.
B k ln H g ts lst5 s 1941A AO
BQ nsCo.AS.— 1st 5s. 1941
Bklyn Rap.T ran.—See Sto
Cal.Cem G r.& B’ k y n ls t 0s
Coney Island A B rooklyn.
1st 5s 10 0 4 ..............J AJ
C scertfs ln d b tl9 lO .J A J
B ’ k C .A N e w 5s *89.JA J
G r.8t.A N ew lat5*’ O0AAO
G’ p’ t A L orim er St. 1st
K ings Co. E levat.—Stock
B on ds—See Stock Exch.
Bid
25
104
$109
ck Ex.
110
200
103
101
$t 12
104
110
0
List.
(G
iv e n
S
§ L ess than 100 shares.
at
toot
of
Ask. 1
Bid.
H tre ct R a ilw a y s .
20
Nassau E lec 5s 1044. AA O 105
106
NewVVmb’g A F Ils te x .4 % s 101
100)4 N Y A Q u s C o S s 1046. A A O
Stein way ls t0 s 1922. JAJ ?114
O T H E R CIT IE S.
103% B alt C on sol—Stock —See
103 j B rldgep T r - l8 t 5s ’ 23.JAJ
Buffalo Street R y—S tock.
100
1st con sol 5a 1931 .F A A
Crosstow n 5s 1932M AN
8
C h icago City R R —Stock..
C itizen s’ 3 t (In d ’ nap)-See
B a lt L
9100
70
1113
*110%
275
P h ila
7
Ask.
107%
103
115%
1st
105
80
115
111%
list.
$ E x divid en d o f 100 per ce n t in bonds.
c o n s e c u t iv e
pages) .—
S tr e e t U a llw a v a .
Bid.
C leveland City R y .............
02%
C lerol Cub-lab 8 , 'Ofl.JAJ $100
Cleveland E lectric R v . . . .
00
Con 5a 1 9 1 3 ........... MAS $103
50
Colum bus (O h io )—Stock.
Con 5a 1 9 8 2 .............. TAJ 101
Crosst’ w n -l8 t5 s ’ 33J AD 100
Consol T ract’ n (N J ) —See P hila
Lake St (C h lc)E lev -S tock
1st 5s 19 2 8 ...............JAJ
70
L o u isv St R y—5 p c bonds $113
30
Preferred
................
98
109% M ar 159% Sep
100% Jan 121% Sep
94 J ’ ne
85% Jan
6 7% Feb 90 % A u g
100 Feb 115 A u g
10% Aug?
3% O ct
85 Jan 137 Sepi
2 Augr
% J ’ ly
5 Sep
2 Oct.
15% J’ ne 27%Sep.
70 N ov 85 M ar
3% J’ ne a 7 % A u g
180% Jan. 241% Sep
28 N ov 4 1% J’ ly
80 J ’ ne 9 0% J’ ly
35 Feb 37% M ay
20 Jan. 00 N ov
101% Jan. 132% Sep
97 Feb 115% A u g
28% M ay 41% Sep
20% A p r
50
Aug
22 M ay
70% M ar
40 J ’ly
38 A p r
49 % A u g
90 A u g
52 D eo
00 A u g
21% F eb 44 8ep
8 8% Feb l0 9 % S e p
10 May 23% A u g
3 May 13 A u g
51% M ar 90 Sep
8% A p r 45 A u g
4
18
22 D ec 31% A u g
7
6% A u g
3% A pr
11
10% Jan
3 % N ov
17
24 Jan. 39% Sep
25 330 D ec 340 Mar
17
91 N ov 97% D eo
5 152 JAn. 185 Sep
4% A u g
7
l % J ’ ne
18
8 A p r 13 A u g
0 51% A u g 05% Jan
2H
2% Dec l l% J a n
19
17 May 35% 8ep
05 A p r 80 J ’ ly
18
9 Aug
0 Apr
10
48 J ’ ly
37 Feb
0
10% A u g
2
0%Ma>
18
50 A pr .7 2 Sep
10 J ’ ne 2 5% Jan
17
70% Jan
50 J ’ ly
17
20 D e c
97 Jan
2
17 1 75%Ma> 06% Sep
3 L o w e st Is e x d iv id e n d .
STREET RAILWAYS, Sc,
Bid.
.S t r e e t R a t l w a y w .
L o v e E lect T rac (Chic),
L y n n A B o s -ls tS s ’21.JA D 9104%
M etrop W est Side (C h ic ).
100 | 1st 5s 194 2.............FA A $ 53
50% M lnneap St U y -5 s ’ 19.JAJ
N ew Orleans T r—C o m .. . .
102
P referred .........................
%
N otes 0s 1904 ....M A N
list.. ;
i3% ; N orth C hicago—S t o c k .. . . 213
1st 5s 1900-16........ JAJ 9104
11
N o Shore T r (B o s t)-C o m .
79
P referred ..........................
3 Buyer pays accrued lntere
Ask.
03
102
01
101
A sk.
105
3
55
•««M
2
8
75
215
105
18
80
at.
358
BONDS.
■ • Y .S T O C K E X C H A N G E i I
W u e n E N iu s a a b b . 1 9 .
THE
C H R O N IC L E .—BOND PRICES (5 pages) i AGB 1,
P
W e ek 's
Rrtees
R ange or
F r id a y ,
L a s t S a lt.
Aug. 19.
—
—— — —
B id .
A#A . L o w . H ig h . N o .
kron A C b ic J n c . S it BAO.
iabjuua C « fit St* Sou I lf .
Ab»b*xua A ilj l » t t u if. - 10*6 i l - N ft l * 03
Aibau*y X 8u*q. x * I) A 11A lle g h e n y VaL See P en n Qo*
A m D ock A L S it C « a o f N J .
A n n A t £■
>
,10 0 a
tu rn
35U
06%
A tch T X S « *en 2 4 « . 1005
x~ o
K rw1»U'
N o v!
i Bale
70 %
73%
A41U*Uliimi ft A t . . . .
,1H XOTt
I
*
Ho*fl»tufwS.
ft J - J
E quip tr » o r A « 5 s . . .1
Chle A St L ou is 1st 6 .1015 M - 8
t J - J
A t l A t B k lyn im p g 5*
90% A u g ’ 98 ..
J - J
A t i « A U au r 1st u 5*
C
A tla n ta A 1 har. See SA u stin A >; VV. See S' l
U a iC rtxd ; A S , SeeU\<
A -0 '
114%
114 k
-kJalt A O l « t 6* Pkbg
118% A uii’ 98
F -A
G old
...... ...1881
C oupons oft..
i n % A u g ’98 •
..1 8 8 5 1025 F - A
Eng
rtf o f d e p o s i t . . . . , . ..
118% Sale 113%
1|3%!
117% AUg’ 98 •
C on sol g«»ld 5 s
........108L F - A
115%
115%
R e g is tered ..................1988 F - A
110% A u g ’ 93; •
J r M A C o c l fs o f d o p ,............. * U 7 %
!ioo
100 1
P a ltB ’ Ii l s t g f a t a l g u .1 9 9 0 M -N
W V » A P 1st g 5s....... 1990 A - 0
M on on R iv 1 st g u g S s .1 9 1 9 F - A
104% A u g '9 8 •
Can O bio R 1st c g 4% »1 9 3 0 51- 8 104
Col A Cln M 1 st e x t 4%»19M9 J - J
......................
A u g ’ OSi .
A k A CJ 1st i n t g u g 6 s .l9 8 0 M -N .............. . . . ,105
.. 102% . . . . . . ■:105 A u g ’ 98! .
C ou pons o f t .................
P itts A C on 1st g 4 a . . . 1 9 4 0 J - J
.................... 107% J ’ ly '9 3 ■
102 1
B A G 8 W 1 s tg u g 4 % 8 .1990 J - J *101% 102% 10a
00 J ’n e '0 7 •
B A O SW R y c o n g 4% s 1993 J - J
.....................
27% J*ne*98 *
1 st Inc g 5s 8t*r A . . . .2 0 4 3 N ovt
15 ! 9 J ‘n o ’ 98 *
Series B
...............204 8 D ectj*
B A G S W T e r C o gu g 5s.’ 4 : M -N
O hio A M iss ls tc o u 4 s ,1 9 4 ■ J - J *
ib’i j i
i os
2d co n s o l 7s.............. .1911 A - O
108
108 |
1st Spr’gUeld D iv 7s. 190 5 M - S *106%
1st general 5 s............ 1982 J - D . . . . . .
B eech Creek. See N Y C A H .
B el A Car. See St L A A T II.
B o o n e v B ridge, See M K A T.
B w ay A 7th A v . See M et S Ry.
112 J ’l y ’ 98
B k lyn City 1st c o n 59 1910-41 J - J *
41
92
92
92%
B k lyn El T r C o c f I & t g 6 s l9 2 4 ........
86 J ’n e’ 98 . . . .
T r Co c t fs 2d g 5 s ........1 9 1 5 .........
68 M ay’ 98 ....
3d instill p d ............... .
..
8 A B B T C o c fs 1st gu g 5 s ’ 4 2 ........
70 % D e o ’ 97
3d instal p d .....................................
66
Un E l T r C o o f 81 stgu g 6 s ’ 3 7 ........
93 Sale
91%
93
38
105%
B k lyn R ap T r g 5s........... 19451 A - O 105% Sale 104%
B k lyn A M ontauk. See L Isl. |
B runs A W est 1st g 4 s .. 1938 J - J
....................
B u ff N Y A Erie. See Erie.
B u ff R A P gen g 5 s ........1937 M - S 108 Sale
108
D ebenture Os...............19-17 J - J iM 2 4 % . . . . .
127 M a r’ 98
R och A P itts 1st b 0 s ..1921 F - A 128
122 J ’ly ’98
Conaoi 1st 6 s ............. 1922 J - D 1 1 2 4 ^ •
.
Ci A Mah 1st gu g 5 s . . 1043! J - J n o
103 A p r ' 9 ”
B u ff A Southw est. See E rie. 1
B u ff A Susq 1st g old 5S..1013 A - O
R e g is t e r e d ..... . . . . . . . . 1 0 13|A- o
B ur C R A N 1st, 5 s..........190 0 J - D
107
.
Con 1st A c o l tr - 5 s ... 1934 , A -0\ 107% .
g
107 J ’ l y ’ 08
R e g is te r e d .................. 1934 A - O
-----M A St L 1st g u g - S ..1 9 2 7 J - D
7
1 .
.
C R I f i N W l s t g 0 s. . ’ 2O !A - O
108 D e c *9
1s t g old 5 s. . . . . . . . . . . . . 1021 A - O 105% . . . . . 105 J a n .’ OS
anada Sou th 1st 5 s . .. l 0 O 8 J - J 10S
........ 109% 109%
2d 5s............................ 1918 M - S 110 Sale n o
no
R eg istered .......................101S M - S
106 J a n .’ 97
CarbAShawn. S w S tL A A T H .
Carthage A A d .
N YC A II.
C R l a F AN . See. B C It A N.
Central O hio. See B a lt A O.-—
Oen R It A B kg Co o f G a.—
92
C ollateral g old 5 s . . . . . . 1937 M -N
92% J ’ n e’ 98
Cen t o f Ga R y—I a t g 5 s ..l9 4 5 F -A *
114% J ’ n e ’ 98
R e g is t e r e d ............. .. 1945 F-A 1
C on sol g o ld 5a...............1945
90 Sale
90
90% 228
R e g is t e r e d ..................194 5IM -N
l i t p rof in c o m e g 5 a ...1945 Oct.4
41%
42%
4 2% Sale
2d p ref Incom e g 5 s ....1 9 4 5 !O c t .i
14
14%
14
Sale
8d p r e f in com e g 5a. ...1 9 4 5 !Oct.*
5% 8ule
M A N D lv 1st g 5 s . ., .1 0 4 0 J - J
02 J a n .’ 98
M obile D lv l s t g 5 a .... 10401J _ j
96 J ’ l y ’ 08
MJd Ga A A ll D lv 5 s . . 1047 J - J
Cen t o f N J—1st c o n 7s. 1890 Q -J1 1 0 2 k ■
103 A u g ’ OS
1 at c o n v e rtib le 7 s . . . . . 1002 M -N
118% D e c ’ 97
C on vertib le deb 0S ....10O 8JM -N
X 12% J ’ l y ’ 08
G eneral gold 5 s . . , . . . . , 1 9 8 7 'j - J 114
Sale 113%
114
R eg istered —
........1 0 8 7 'Q - Jti 113% 114% 113%
118%
101
io r
L eh A W B C con a a Ta.IOOO Q-M l
5 a . . . . ............................1912 M -N . . . .
91 J ’l y ’ t
A m D ock A Im p Co 58.1921: J - J *113
118% 113%
N J South in t g u a r 8s. 1 8 0 9 ;J - J . . . .
C entral Pacitlc—
Speyer A Co c t fs dp A .1 8 9 S . . . . . *102
103 Feb.'98
Speyer & Co c t fs B C D .180 9 .. ...1 *1 0 2
103 Feb.
E xt g 5s series E ..........1 8 9 8 |J - J; . . . .
102 J’ly’98
B p o y e r A C o c t fs d o p E .190 0 ........ 1*102
8 p eyer A C o c t f I - f G H L iO O l........ |Mu2
San Joaq u in Br g 6a. ..1 9 0 0 I A -O ; . . . . .
102% J ’ n e‘ 98
G uaranteed g 5 s ...........1939 A - 0 ........
Speyer A Co eng c t s ......... ...........i . . . . .
L a n d g ran t g old 5 a .. . .1 9 0 0 ' A - O . . , . .
102 M a r ’ 98
C A O D lv ext g 5 s . . .,1 9 1 8 ! J - J;
101 Jan .’ 98
W estern P n cillc g 0s. .1 8 9 9 .1 - J 1
104 J 'n o ’ OB
V o o f Cr»l iBt gu g O s ..1907; J - J
G uaranteed gold 5a. 1988 A - O 108% Bale 103% 103%
80
Cent W ash l a t g d a t r c t f s i o y s . . . ..!• 70
40 F o b .’ Ob
Charles A Sav 1st g 7 a ..l0 3 0 !.I - J!
Chen A G—P M fd ga 6*. 1808 J - J
101% Jan. 98
G old 0s none* A ........... 1008 A -O f 118% 121
119 J ’l y '9 8
122% 120% A u g ’ 98
G old 0a.............................1011 A-OV 119
1st cona g 5 s , . . . . . . . . . . 1 0 3 9 M -N 115%
115%
115%
R eg U te r o d .................. 1989 j M -N
1114 ” e’b .’ 98. .
F
** '
‘ ybi
A
SbH nr'l**
M
K *red
tv»sH -
:i*2H J’lyW! ■
106k 100%
C
5% Q
H
1 1 102
0
' H o price Friday; thuao Are latest bid and asked tb ls woeJc,
OUTSIDE S E C U R IT IE S
(G
i v e n
R rict
j
iree/r'ii
*3 a j R a n g e
F r id a y ,
R ange or
||
f r<m .
A u g 19.
L a * l S a lt. cq - : J a n . 1.
------------— 1 W e e k E n d i n g A u g . 1 9 .
1
,------------------------------A sk . Low .
L o w . H ig h !|
-----------------------— — — ----------------- j - — - : R i d .
H ig h . N o . ! iL o w . H i g h
id le s X O hio—(C o n .)—
*105 73>* 90
Gen gold 4 % s ................ 109ft i l l - 8
8 9% Sale 1 80
00
91
1*2 % !
R e g is t e r * !,..............., 1 0 0 2 M - S , .......... ....................................
j R A A Dtv U t o o n g ls.l98S»|J - .) i .......... 100
105
105 j 11
99
105k
11
‘i d con a 4 s
.1 9 8 0 [J -J
Oft 9 7 % 190
Aug'UBl ...| 90
94
I
Cmtif Valley 1st
5 a .. lu -lo J - J !* 95
| 95% M ay’ bA •** I 95
90%
W arm Sj>r Val l»t g 5». 1 94 i M > £ — .............J ..........................
89
81
85
96V
Kll* l.ux A B 8 gu g 5 s . 190ft M - 0 ] ! 1O8tt 105 | l0 3 % J * ly ;9 8 . . . '9 7 % 104**
8 9 « 8 9 h IChlO A A lton aiulc fd Os. 1908 M -N ♦......... 118% 113% A p r.’ 98 •**
:
118%
3% 7 3 k
T ou , A '* o T ‘ ~ ’1st " ..1900 F - A 1 0 5 ^ ......... 1108
»
lin o
* * - - '« * '
J ’ne'US . . . 107 111
L ''** *- M BIT - 7S *<*««■!»
2d 7 « .................... ...... 190M M - N 108 •108% 107 J ’ly ’ 9 8 1 . . . 1 0 7
107
1 0 8 % ........
Miss lliv B 1st kf g 8s.. 1 9 1ft A - O
Ohio Burl A N or. See C B A QJ
115%
115%
7 113% 118%
Chic Hurl A g —C on 7 s .. 1906 J - J
Sinking fu n d 5n.........1 9 0 1 A - O 1 0 4 % .............. 104% A u g ’98 ••-I 103% 107
95
99%
D ebenture 5 s .................1913 M -N j 10 9 % 110% 10 8
1U9%I
711104% 109%
----------- . . . Os.............. 1903 M - 8 ! ISO Sale ! 117
||||j“
| f
120%' *35 104% 120%
Con vertible ..........! 109% F e b .’ w*
. . . 109% 109
Iow a Dlv siuk fd 5 s . .. 1910 A - O 107
100 118%
9 6 ‘H 101% 102 A u g ’ 98! . . .
98 104
4 s .................................. 1919 A - O
100%
101%
80
118%
D env Dtv 4 b .
F -A | * 0»?n
107
4 s . . . , ........... ...................1021 M
100 A u g ’ 08 . . .
99
100
107
95
11394
Chic A Io w a D lv 5 a .. . . 1005 F ■ A r
00 U 3 k N ebraska E xten 4 s . . . . 1 9 2 7 .M -N
05 % 100%
1 0 1 k 100% A u g ’ 98
07
07
97%
07
M a y 'lh : : : :
H7%|
R egistered..................1927 M-N| ............... ..
12 0
J 'n o ’ 98
103
119
128
H an. A 8t. J ob co n 0H..1UU M - S *122% 121
now
,105
110%
110%
110% A u g ’ 98
97
Chic Bur A N or ltd 5s. 19261 A - O ..................
il
114% J ’ly '98
114% 116%
84
101 CblcAK111— 1st »f cur 0s. 19071J - I)
::::
Small , , , . . . . , , , . . . . . . . . 1 0 0 7 J - I>
12 2
12 2
130
A p r.‘ 98
l s t c o n g t i s .................... 1984 A -C l l » 0 k .
13 1 0 1 % 108%
Sale 1U7U
99 104%
108
General co n 1st 5 s , . . . 19 3 7 M - N 103
106% J ’ n e '9 8 . . . . 1 0 1
106%
Registered ................. 1937 M -N —
i 100% 109
103
103
105 105
Chic A Ind C Fty 1st 5a. 1930 J - J
103
100 105 , Chicago A Erie. See Erie.
105% 107%i C hic lnd A L ou tsvillo —
115% J ’ ne'ftH
112
9 8 % 1 0 3 | L ou isv N A A Ch 1 s t6s..* 1 0 IJ - J
U SM
91
91
A u g ’ 98 ...V SO
Chic in d A L r e f g 5 s . . 1047 J - J ♦ 01
2
106
27%
106
lu o
96
R efu n d in g g 6 s ............. 19471J - J *106
27
8
0% C’l lo M ilw aukee A St P aul—
147
A u g ’ 98
140 147
1 St 7s $ g o ld R D ......... 1902 J - J 150
104k 105%
1st 7a £ g o ld It D . . . . 1002 J - J,
145 J ’ly ’ 98
137% 145
1st Io w a A D 7s............ 1890 J - J ICO
........ 141
150
140
144
A p r.’ OR
102% 108 I 1st C A M 7 s ...................1903 J - J
;o 138 154 %
154%
Chic Mil A St P c o n 7s. 1905 J - J 154% Sale 404M
150 ........ 148
A u g ’ 98
139% 148
1st 1 A D E x ten 7 s . . . . 1908! J
117
........ 117 A u g ’ 98 . . . . 116
hum
1st S outhw est D iv 6s. 1900 J - J
no
no
M ar ‘98 . . . . n o
1st La C rosse A D 5s. .1910 J - J
117% 120
12 0
A u g ’98 . . . . 114% 121
lsfc 80 M inn D lv 6s . ..,1 0 1 0 J - J
3 126 ISOM
128
128
1st H ast A D D lv 7 s ... 1910 J - J ..........129
|112 113
LOO O ct.’ 97
5 s .................................1910 J - J, ......... . . . . .
93
i 70
8fl
C h ic A P ac D lv 6 s ........J 9 1 0 ij - J ♦...........120
86
117% A u g ’ 98
Chic & P W l s t g 5 s ....1921 J - J|*116% . . . .
! 68
68
114% A u g ’ 98
Chic A M o R iv D lv 5 3.1926 J - J 1 ..................
107 M a r ’ 98
M ineral P o in t D lv 5 s ..1910 J - J | ..................
112 A p r.’ flS
80
Chic A L Su D iv g 5s. .1021 J - J
93
114= J ’ n e’ 98
W is * M inn Illv K 5 s . . 1921 ,7 - .1 113% .
io s m
1 yl
118 J ’lv *08
Term inal gold 5 h......... 1914 J - J
127% J a n .’ 9S
Far A Sou ussu g 6s . . .1 9 2 4 1J - J
106% M ay’ 97
Cent sink lu n d 5 s ........1916 J - J
114
111
111
Dak A Gt So g 5 s . . . . . . 1910 J - J I l l
104% 108
Gen gold 4 b series A . .19 8 9 .1 -.15 10 6 % Sale 105 % 106%
105% F e b .’ Do
R egistered.........
1989 O -Jg
127 127
120 M a r ’ OR
Mil A N o 1st M L 6 s . . 3910 J - D * ............. 120
122 123
121 A u g ’ 98
1st eonsol 6s................ 1913 J - D 3 2 0 % 1 2 2
142%
C h ic A N o r t h w —C on 7 s .l9 1 5 G - F *141% 143% 142%
315
G old 7 s ............................ 1902 J - I > 11 5 gale 115
R e g iste re d ....................1902 J - D *114% . . . . . 114% A u g ’ OS
123 A u g ’ 98
B thkingfun d 6 s.. 1879-1929 A - O *120
104% 109
115 J ’l y ’ 98
R e g is te r e d .....1 8 7 9 -1 9 2 0 A - O
100 109
110
111
Sinking fu n d 5 s . 1870-1929 A - 0 I l l
...
107% J ’l y ’ 98
R e g iste re d ........1879-1029 A - 0
Stoking fu n d deb 5 s . . .19 3 3 M -N ’ V lS ” 120% 116% J ’n e’ 98
117 M ar ’ 98
R e g iste re d ................... 1933 M -N
105 105
109
100
25-year deben tu re 5 s . . 3909 » - N *L09 110
107% I11%J
109% M a r ’ 98
R e g is t e r e d ..................1909 M -N
105 111
”
30-year d eben tu re 5s.. 1921 A - O . ” ” 116* 116 A u g !9S
117% F e b .’ 9 8
R e g iste re d ................... 1921 A - O
106 A u g ’ 98
E xten sion 4 s . ,1 8 8 6 -1 9 2 6 F - A -104% 106
103 J ’n e’ 98
R e g is t e r e d ..... 1 88 6-1 026 F - A
103%
Gen gold 8% s ................. 1987 M -N 103% Sale 103
R eg istered.................. 1987 Q - N
107% M ay’ 98 . . . . 106 107%
Escan A L Sup 1st 6s.. 1901 J - J
87
93%
D os M o A M inu 1st 7 s .l9 0 7 F - A
114 119%
Io w a M idland 1st 8 s . . .1900 A - O
W in o n a A St P e t 2d 7s. 190 M -N
84% 92%
117 117
117 J a n .’ 98
MU A Mad 1st 6 s ......... 1005 M - S
109 109
109 M a r ’ 98
O tt C F A St P 1st 5 s ..1909 M - S
86
44%
105 105
105 A p r .’ OH
N orth Illinois 1st 5 s ... 1910 M - S
10% 15%
132% 137
135% A u g ’ 98
MU L 8 A W 1 s t g 6 s .. 1921 M -N 1 3 5 % .
8%
105% F e b ’ 97
C on vertible deb 5 s . .1 9 0 7 F - A
92
92
113% 117 %
113% J ’n e ’ 98
E x t A Im p s f g 5s. ..1 9 2 9 F - A 114% .
95% 99
134
133
134 M a r ’ 98
M ich D iv la t g b ld O s.1021 J - J
135
i M a y ’ 98
138
A sh lan d D iv lB tg 6 s l9 2 5 M - S
103 104%
112 113
i Apr.*98
In com es ....................... 1911 M -N
127% 133
l
131
110% 112% Chic R o c k 1 A P a c 6 s .. . . 1017 J - J 129% . . . .
128 131%
) A u g ’98
R egistered . . , . , , . . . . 1 9 1 7 J - J 130 133
109% 115
104% 108
1 J ’ ly ’98
D ebenture 5 s ................. 1921 M - S 1 0 7 % ........
108% 114%
R e g is t e r e d ........... .,.1 9 2 1 M - S *107% . . . . .
99% 103%
102 % 10SK
105
105 Sale 105
G eneral g o ld 4 s . . . ........ 198 8 J - J
90
93
103%
105%
105%
R e g iste re d ....... .......... 1988 J - J
T IO
116
94
85
04
92% 94% 94
D es M A F t D 1st 4 b . .1 9 0 5 J - J
69* 70*
70 F e b .’ 9 8
1st 2 % s......................... 1905 J - J
83
M a r’97
E x te n sio n 4 s ..............1905 J - J
108 103
10S 109
107 J ’ly ’ 98
K eok A D es M 1st 5a.. 1923 A - O
103 103
100 A p r *9'
Sm all. . . . . . . . . . . . . , . . . . . . . . A - O
101% 103%
Chic A St Jj. See A t T A S F.
Chic St L A N Q. See III Cent.
Chic St L A P itts. Sec P a Co.
102% 105
120U 138
137% 130
136
Chic St P M A O co n 6 s .. 1930 J - D
la s
134
134 A u g ’ 98
Ch St P A M in 1 B <3a.. 1018 M -N
t.
N or W isconsin I » t 0 a ..l 9 3 0 J - J
100% 102
m
is a «
132
S t P & 8 City l s t g 6 8 .1019 A - 0 131% 133% 182
101
101
7 9 « 8 d ii
8 8%
89%
Chic T e r T ra n sfe r g 4 b . .1 9 4 7 J - J
8 9% Sale
101 104
106 J ’ n e ’
Ch A W est I 1st 8 f g 08.1919 M - N
G eneral gold 6 ».............19 32 Q - I) 119%...... 120 A u g ’ 98
117* m x
103%
Chic A W e st M ich R y 5s. 1921 J - 1)
40
40
C oupons o f f . ...................1921 ...........
119 O ct.’ 97
1 0 1 % 1 0 1 % Oin H A D con a f 7 a .., .19 0 5 A - O 108% .
103% Oct.*97
2d gold 4 % s ....................1937 .1 - j
118 120%
107H H I M
Cln D A I 1st gu g 5 a .. 1941 M -N
110 A u g ’ OS
115% 120%
0 I g t L A C. See C C C A S tL .
111
117
113 114% Olu S A C . See C C C A St L. |
/™ m 4 !i
Ja n .
^ C
1 , 9^ 101%
8
1 0 122%
2 -k
!
....
100
e o o t
B id, | ak.
A
8 tr e e f R a ilw a y # .
C » « h Hc c u r l t i e w .
P r o v A P a w t'c k -ls tS B '33 $105
106
W e s t Eud - S e e B e a t o n
B lchm R y A K le o -lfit 5 b’20 $ 7 8 I 81
W orceater (M aaajTr-C om
P r e fe r r e d ..................
9
U%
Con 5* 1 9 3 0 , . . . . . .A A O
S cranton T ra ction . , .. .50 t n % ........V
NEW YORK,
106% 107%: i Central O nion G as—
59 1 00
1st 5 b 1 9 2 7 ...............JAJ
Bo Side El fC h lo)—S tock .
10 | 20
j Con Gas (N Y )—Stock —N
T w in C ity R T r—C om . . . .
I
.......1 0 0
D eb 5* lOOS......... M AN
60
64
j E q u it G aa............................
tJn’ d T r A E le c (P r o v )-S t ’ k
1at 5s l <*33
....... MAS $108
109
1 1st 0s 18 9 0 ........... F A A
93%| 04% jj„ C o n . 5s 193 2....... ..M A S
.C on 1SI38........... .. M A N
i MuttuU G as....................... .
bonds.
N -Y . S T O C K E X C H A N G E
1.
t Boada duo Ju ly.
a t
[You LXVI1.
o f
7
Bid. AskExoh 1st.
15
17
03
96
5104% 104%
Y Stk E x ch
108
ill
$ io i
$ iii
325
116
335
4 Bonda duo N o t .
c o n s e c u t iv e
| B ouda d u o J u a o.
[
p a g e s
G um S e c u r i t i e s .
New A m ste rd a m G as—
).—
Bid.
20
71
5102%
N Y & East R iver Gas 1st 5 b 1 9 4 4 ......... ...J A J
Consol 5s 1 9 4 5 . , , . .J&J
N or Dn—
1st 58 192 7...............M AN
Standard Gas—
Aak30%
110% 118
105
1 B on d s d u o Jan.
b .Bonds d u e Aiay.
GAS SECURITIES, &c.
107
90
95
143
150
3et 5s 1 9 3 0 ............ M AN H 1 0
146
161
113
G a n H ry cM rltlc* .
BROOKLYN.
B ro o k ly n Um G as—N Y St
1 st co n 5 b—N Y Stock
W illia m sb u rg G as—1st 6s
O T H E R CIT IE S.
B altim ore C o n s o lid a t e Sc
B ay State Gas— N Y Stock
I n c o m e s .............................
B id.
Aak.
ook E xch .
E xch .
ilO lii 1 0 3 «
e Balt. L ist,
E x ch .
B oston U nltedG aa B o u d s - -I3oBto nLlsfc
B uffalo City Gas—S t o c k ..
2n>4 *4)4
1 s t 5 s 1 9 4 7 ...............A AO { 9 0 ^
eo«
B u rlington (la )G a s —Stck
$A nd Interest. tP r lce per ah ar
A ugust
20, 1898 ]
BONDS.
N .T . S T O C K E X C H A N G E
THE
If
F riee
F rid a y ,
A u g . 19.
W e e k E n d in g A u g . 19.
B id .
A sk.
O ity A 8 R y B a lt 1st g 58.1922 J - D
Clearfield A M ad. See BRJfcP. t,
01 A k & C eq & 2d g 6 s ..1930 F - A
70
Sale
C1& Can 1st 5s t r r e c . ,. 1 9 1 7 J - J
80
83
C C C A St L —G e n g 4 s ..1993 J - D
Cairo 11 iv 1st g o ld 4a. .1939 J - J
9 8% Sale
S t I .D l v l a t c o l t r g 4 s .1 9 9 0 M -N
R e g is te r e d ................... 1990 M -N
Spr & Col D iv l s t g 4 a .l9 4 0 M - S
W W V a l D lv 1st g 4a. 1940 J - J
91%
C i n W & M D l v l a t g 4 s .l 9 9 1 J - J
Cin I St D & C l s t g 48.1936 Q-F1
R eg istered ..................1936 Q -F t
C on sol 6 s ..................... 1920 M -N
Cin 8 & Cl c o n l s t g 58.1928 J - J
In d B1 A W 1st p i 7s. .1900 J - J
O I n d A W 1st p i 5 s ...1938 Q -J * *.......... 92
79 Sale
P e o A E ast 1st co n 4s. 1940 A - O
20 Sale
In com e 4s..................... 1990 A p r
Cl C C A In d I s t s f 7 s . . . l 8 9 9 M -N
C onsol 7 s ........................19 1 4 J - D
C onsol sinking f d 7 s . . .1914 J - D
G eneral con sol g o ld 0s. 1934 J - J
R e g is t e r e d ................. 1934 J - J
C A S 1st M C C C & I 7 s .l9 0 1 A - O
Cl L o r A W b con 1st 5s. 1933 A - O
Clev A M arietta. See P a R R .
Clev & M ahon Y a l g 5s.. 1938 J - J
R e g is t e r e d ................. 1938 Q u-J
C lev A P itts. See P en n Co.
Col M id l'd— 1st g 2-3-4s. 1947 J - J
l s t g 4 s .. .. .. . . . . . . . . . . 1 9 4 7 J - J
Col St 9th A v. See M et St Ry.
Colnm St G reen v. See So Ry.
Col H V A T o l —C o n g 5s. 1931 M - S
82 Sale
J P M St Co eng c fs $05 p d . ........
05
G eneral g old 0 s ............ 1904 J - D
35
G eneral lien g o ld 4a. . . 1990 J - J
R e g is t e r e d ................. 1990 J - J
Col & Cin M d. See B St O.
Col Conn St Term . See N 4 W
C on n St Pas R ivs 1st g 4 s .’ 43 A - O
ak St G t So. See C M & 8t P.
alias & W a co. See M K AT.
D el L a ck St W estern 7s.. 1907 M - S
Syr B ing St N Y lBt 7s.l9O 0 A - O 120
M orris & E ssex 1st 7s . 1 9 1 4 1M -N
7 s ....................................1900 J - J
107
7 s .........................187 1-1 901 A - O 112
1st con gnar 7 s......... 1915 J - D
R e g is t e r e d ...............1915 J - D
N Y L a ck A W 1st 0 s . . 1921 J - J
114
118
W arren 2d 7 s ................. 1900 A - O
D el A H p d l s t P a D i y 78.1917 M - S *145
R eg is’ ir e d ................... 1917 M - 8
A lb & 8 .s 1 s tc o n g n 7 s l9 0 6 A - O
R eg istered .................. 1900 A - O
G old 0 s .........................1900 A - O U 5 % .
R e g is tered ................1906 A - 0 '115% .
145 .
B en s & Sar 1st 7 s .........1921 M -N
.
R e g is t e r e d ................. 1921 {M -N 141
D el R iv K R Bge. Sm P s R R .
D en Con T r Co l s t g 5s .. 1933)A - O
D en Tram Co co n g 08.19101 J - J
M et R y Co lBt ga g 0s. 1911 J - J
D en A R G r 1st g o ld 7 s . . 1900 M -N 111% .......
l s t c o n g 4 s .................... 19361J - J
98% Sale
94
95
Im p rovem en t gold 5 s . 1928 J - D
D es M A F t D. See C R St I P. I
D es M St M inn. See Ch * N W .
D es M Un Ry 1st g 5 s . .. 1917 M -N 102
D et M AToL See L S St M So. j
80
D e t A M ack l s t l l e n g 4s.l995| J - D
50
G old 4 s ............................1095 J - D
D ul St Iron Range 1st 5s. 1937] A - O
. 100 %
R eg is te re d ...................... 1937 A - O
2d lien m ortgage 0 s . .. 1910 J - J
D al R ed W A S 1st g 5s. 1928 J - J
D a l So Shore & A t g 5s. 1937 J - J
ast o f M inn. See St PM AM .
ast T V a A Ga. See. So Ry.
M lz L ex A B 8. See C A O.
Blm C ort A N o. Sw L e h AN Y.
E rie 1st e x t g 4 s ...............1947 M -N
2d e x t g old 5s................ 1010 M - S
112 120
m 3d e x t g old 4 % s ........... 19231M - S
1 4 t h e x t g o l d 5 s ............. 1920 A - O
5th e x t g o ld 4 s ............. 192*1 J - D
• 1st consol gold 7 s ....... 1920 M - 8
| lis t con sol gold fd 7 s .. 1920 M - S
1 1Long D ock co n g old 0s. 1935 A - O
£ B u ff N Y A Erie 1st 7S.1010 J - D
Bu ff A S W g old 0 S ....1 9 O 8 J - J
Sm all .................................... J - J
Jeff R K 1st gu g old 58.1909‘ A -O ’
Chic A E rie 1st g 5 s . .. 1 0 8 2 'M -N 112% .
.
Coal & R R 1st c gu 0s. 1922 M -N 100
D ock A Im p 1st c u r 0 s .l9 1 3 .J - J 112
.
N Y A G reen L g u g 5s. 1946 M -N 107
Sm all.....................................................
E rie 1st co n g 4s pr bds. 1990 J - J
04% Sale
R eg istered .................. 1090 jJ - J
1st eon g e n l i e n g 4 s — 1990 .1 - J
74% Sale
R eg istered .................. 1990 J - J
N Y 8 A W —1st r e f 5 s .l9 3 7 J - J 105
2d g old 4 % s................ 1 9 3 7 | F -A
r G eneral g 5 s ...............1940 F - A
v_ Term inal l s t g 5 s . .. . 1 9 4 3 ;M -N
Regia $ 5 ,0 0 0 ea ch . 1943 M -N
W ilk A E a s ls t gu g 5s 1912 J - D
M id R R o fN J l s t g 0sl01O A - O
Esoan A L Sup. See C A N W .;
60
E urek a Springs 1st g 0s. 1033 F - A
114
i v A T H 1st con 8s........1921 .J - J
85
1st general gold 5 s . . . . 1942 A - O
M t V ernon 1 s t 0 s ......... 1923 A - O
Bull C o B r ’eh 1st g 5s.. 1930; A - O
80
K v A I n d ls t con gu g 0 s . . 1920 J - J
Fargo A So. See Ch M A S t P .l
80
D
• 2 %.
12
'121% .
C H R O N IC L E .—BOND PRICES (5 pages) Page a.
W eek ’s
B ange or
L a s t S a le.
R ange
fro m
J a n . 1.
B O N D S.
N. Y. STOCK EXCHANGE
t. o
P rice
F rid a y ,
A u g . 19.
H ig h .
L o w . H ig h
70
70
82 J ’ n e ’ 98
90%
90%
9 8%
99
9C M a r’ 98
69%
82
88
90%
90
80 J ’ ne'
90 A u g ’ 98
99% M ay’ 98
80
88%
89
90
98% 101
73%
82
90%
99
93
G
114
O ct.’ 97
107% F e b ’ 97
77%
80
17
20
103% J ’ l v ’ 98
135% J ’ l y ’ 98
70
80
14
20
102 105%
131% 137
127% M ay’ 98
100
H
I
127% 127%
107% O ct.’ 97
103 M ay’ 98
05
O ct.’ 97
82
F e b .’ 08
103
Aug*98
75
81
61
7 0%
54
122
120
140
109
110%
139
A p r.’ 98
J ’ l y ’ 98
140
N o v ’ 97
J ’ n e ’ 98
J ’ n e ’ 98
186%
118%
108
145
143
123
J ’ l y ’ 98
N o v ’ 97
A u g ’ 98
A u g ’ 98
M ay’ 07
A u g ’ 98
115
117
148%
141
J ’ n e ’ 98
F e b .’ 98
A ug’071
M ay’ 98!
■
82
01
122 128
125% 120
l j 137% 144
107
,130
113%
142%
130% 138%,
108
143
108
145
:
120% 125%
:n o
117
141
90% J ’ n e ’ 93
145
105%
--------
97
5 104
100
110%
.... 02% 02% j
92% F e b .’98
107 J ’ n e’ 98 . .. .1 1 0 1
“92%:::
....
n8%
117
J-J 110% .
J-J
111
A u g ’ 98 . . . . 1 0 8
111% ;
97%
08% 82
87% 08%
94%
01% : 12
85% 04%
105%
B id .
A sk.
lin t A P ere M g 0 s . . . .1920 A - O 115
.........
1 st consol g o ld 5 s . . . . 1939 M -N
P t H u ro n D iv l s t g 5s. 1939 A - O
95% Sale
Fla Cen A P e n 1st g 5s. .19 1 8 J - J
1st land gr e x t g o ld 5s. 1930 J - J
05
Consol g o ld 5 s ...............1948 J - J
F t S A V B B ge. See StLA SF.
F o r t St U D C o I s t g 4 % s l 9 4 1 J - J
78% Sale
F t W A D C— 1st g 4 -0 s . 1921 J - D
F t W A R io Gr 1st g 3 -4 s . 1928 J - J
02% Sale
F u lton E lev. See K in gs Co El.
al H ar A S A . See S P Co.
al H A H o f ’ 82 1st 5S.1918 A - O
9 5% Sale
03
.........
Ga A A la R y 1st p f g 5s. 1945 A - O
Ga Car A N o 1st gu g 5 s .l9 2 9 J - J
90
.........
G eorgia Pacific. See So R y.
G rand Rap A Ind. See P a Co.
an A St J. See C B A Q
ousatonlc. See N Y N H A H .
H o u s t E A W T 1st g 5 s .l9M3
3 -N
9 4 * Sale
H o u s A T e x Cen. See So P Co.
llinois Cent 1st g 4 s . . .1951
R e g iste re d ..................1951 J - J 109% .
1st g o ld 3 % s...................1951 J - J
R e g iste re d ...................1951 J - J
. 110 %
1st go ld 3s s t e r lin g ... .1951 M -S
R e g iste re d ...................1951 M -S
Coll T rust g o ld 4 s ........1952 A - O 102 105
R e g iste re d ...................1952 A - O
L N O A T e x g o ld 4 s .. 1953 M -N 102
Sale
R e g iste re d ...................1958 M -N
Coll tr 2-10 g o ld 4 s . . . . 1904 J - J
R e g iste re d ...................1904 J - J
W estern L in e 1st g 4s. 1951 F - A 103 104%
R e g is t e r e d .................1951 F - A
L o u isville D iv g 3% s .1953 J - J
R e g is t e r e d ................. 1953
St L ou is D iv g 3 s ........1951 J - J
R e g is t e r e d .................1951 J - J
G old 3 % s.................... 1951 J - J
92% •
R e g is t e r e d ............. 1951 ( J - J
Cairo B ridge g o ld 4 s . . 1950 J - D
R e g is t e r e d .................1950 J - D
M iddle D iv reg 5 s ........1921 I F - A
Spring D iv l s t g 3% s. 1951 J - J
R e g is t e r e d .................1951 J - J
Chic St L A N O g 5 s .. 1951 J - D
R e g is t e r e d .................1951 J - D
G old 8 % s .................... 1951 J - D
R e g is t e r e d ............. 1951 J - D
Mem D iv 1st g 4 s . . ..1 9 5 1 J - D
R egistered...............1951 J - D
110
B ellev A Car 1st 0 s . ...1 9 2 3 J - D
94
St L Sou 1st gu g 4 8 .. .1931 IM- S
Carb A S l s t g 4 s ..........1932 M -S
01
Ind B1 A W . See C C C A 3 t L.
Ind D ec A W 1st g 5 s . . ..103 5 |j - J 101% 103
Ind 111 A la 1st g o ld 4 s . . l 9 3 9 ;J - D 1 88
1st e x t gold 5 s .............. 19431 M - S
In t A G t N o 1st g o ld 0 8 .1919 M -N 120% Sale
2d gold 3s........................ 1909 I M -S
91
92
3d gold 4s........................1921 M - S
57
59
104 100
Iow a Central l s t g o l d 5 s .l 9 8 8 J - D
Io w a M idland. See Ch St N W .
Jefferson R R . See Erie.
a l A A G R . Sm L S A M S .
an A M ich. See T ol A O C.
K C A M R A B 1st g u g Ss.1929 A - O
K C P A G 1st A co l g 5 s .l9 2 3 A - O
Sale
Kan C A Pac. See M K A T.
K ansas Mid. See St L A S F
K entucky Cent. See L A N.
K eok A Des M. See C R I A P.
K ings Co El ser A 1st g 5s ’ 25 J - J
59
Ful El 1st gu g 5s ser A . ’ 29 M - S
45
K n o x v ille A O hio. See So R y.
ake Erie A W l s t g 5s. 1937 !j - j
Sale
2d gold 5s.................. 3941 j - j
Sale
N orth O hio 1st gu 5 s .. 1945 A - O
103*
Lake Shore A M ich S ou th —
D et M on A T o l 1st 7s. 1900 If - a
L ake Shore divid 7 s . . .1899 A - O 1 0 4 % ........
Consol 1st 7 s ............1 9 0 0
1 0 5 % ........
R e g is t e r e d .............. 1900
1 0 5 % ........
Consol 2d 7 s ................ 1903
1 1 5 % ........
R eg istered................1903 J - D
1 1 5 % ........
G old 3 % s..................... 1997 J - D
100 Sale
R egistered................1997 J - D
ClnASp lBt gu L S A M 8 7s 01 A - O
K A A G R 1st gu c5 s . 1938 J - J
M ahon Coal R R l s t 5 s . ’ 34 J - J
L eh Val (P a ) coll g 5s .1997 M -N
R e g is t e r e d ..................... 1997 M -N
L eh V N Y 1st gu g 4 % s .. 1940 J - J
R e g is t e r e d ..................... 1940 J - J
L eh V T e r R y ls tg u g 5 sl9 4 1 A - O
R e g is t e r e d ..................... 1941 A - O
112
L V Coal Co 1 st gu g 5 s .. 1938 J - J
R eg istered....................... 1033 J - J
L eh A N Y 1st gu g 4s. ..194 5 M - S
R e g iste re d ....................... 1945 M - S
El C A N l s t g 1 s t p f0 s .l9 1 4 A - O
G old guar 5 s ................ 1914 A - O
L eh A W llkesb. See C en t NJ.
L eroy A Caney Val. See M o P.
L e x A v A P F. See M et 8t Ry.
L ltch Car A W l s t g 0 s .. 1910
L ittle RAMern l s t g 5s 1937 )
T ru st C o c e r tf a..........
L on g D ock. See Erie.
L on g Island—
1st c o n g 5s.................... 1931
1st con g 4 s ...................1931
•101
G eneral gold 4g........... 1938 f - D
F erry 1st gold 4 % s .. .. l 9 2 2 M -S
G old 4 s ............................ 1932 J - D
D ebenture go ld 5s....... 1934 J - D
N Y A R B l s t g 5 s . . . . 1927 M - S
2d in c o m e ....................1927 S e p
N Y B A M B c o n g 5 s ..19351 A -O
F
107
100
113
J ’ l y ’ 98
A u g ’ 98
J ’n e ’ 98
J ’n e ’ 98
J ’ n e’ 08
145
M ay’98
J ’ l y ’ 98
J ’ n e’ 98
112
110
...1 0 8
111%
...-1 1 8
118 ;
i ...I 104% 105
3 138 147%
. . . . 140 143
133% 180
133 138
F e b .’ 98 . . . . ' 1 0 6
A u g ’ 98 . . . . ■
108
106
113%
105% O ct.’ 97
‘ 93%
'9 4 %
*74%
*75** 104
105
84%
04%
00
70
105 J ’l y ’ 98
02 J ’ly ’ 08
89%
80%
109% J’’llj ‘ 98
---------- y
09 108%
84% 92
83
98
10 9 % 1 1 1 %
100
93% 101%
114% 121
100
120% A u g ’ 98
65
114
85
80
N o v ’ 97
J ’ l y ’ 98 . . . . 112
0, 82
85
88
’ N o p rice Friday; th ese are latest bid and asked this w eek,
1
....110% 110%
15
77%
118
80%
88
Range
fro m
J a n . 1.
Low. H igh
L o w . H ig h . N o .
117 A u g ’ 98 . . . .
94 A u g ’ 98
94
------
75 %
02
94
103
92
92*
110
85
83
L05 105
05
79%
54% 04
79% 405
46
02%
95%
A u g ’ 97
J ’ l y ’ 98
9m
1 17 %
95
95%
20
88%
92
88
19
95%
92
94%
A u g ’ 98
J ’l y ’ 08
M a r ’ 98
A p r .’ 98
109% 115
108% 109%
105 105
101 102 %
102% J’l y ’ 98
103 A p r .’ 98
100 104
103 103
97% 102%
100%
109%
105
102%
102
102
101
J
M a r ’ 98
Sep.’ 97
101 101
101
103% A u g ’ 98
105
*94% A u g ’ 9*S
92%
94%
94 %
9 2%
94%
94%
123
123
118% A p r ’ 97
115% 123%
108% J a n .’ 98
103% 103%
*9*6" N ov’* *
U7
101% A u g ’ 98
80 J a n .’ 98
97
80
120%
120%
91
92
58% A u g ’ 9S
104
105
110
78
44
97
104
88
123%
92
00 a
105
L
t B on d s duo A u gu st.
til
Q
-J1
X B onds d u o A pril.
| B on ds due Jan uary.
|
70*
81%
78*
57*
57*
40
J ’l y ’ 98
117
102
101
117
103
101
121
104%
105%
105%
110
115%
105%
105%
108%
A p r.’ 98
104%
105%
J ’l y ’ 98
A u g ’98
J ’ n e ’ 98
100
105%
D e c ’ 07
125
104
D e c ’ 97
A u g ’ 98
104
102
A u g ’ 08
09
11i " Aug’Vs
*1*07* 112%
109% J ’ l y ’ 07
92% M a r ’ 98
91
92%
98%
*0*i" * *9*2**
A u g ’ 98
101
104
104%
Sep.’ 97
117
119% J ’ n e ’ 98
100
120
*85% **9*6’ *
80% 90
90 J ’ n e’ 98
8 6 % A p r .’ 98
M a y ’ 97
107% Dec*’* *
97
$ B on ds due July.
OU TSIDE SE C U R IT IE S (G ivejt at foot of 7 con3eouti7e pages).— GAS SECURITIES,
Bid.
G n « S e c u r it ie s .
Charleston (8 C) Gas. .25 t .........
Ch anters V alley Gas
C h icago Consum ers 1st 5s
C hicago Gas— See N Y 8to c k E x
C icero Gas Co 1st 0 s .........
Cincinnati Gas * C o k e ...
30
J l t f Gas (N orfolk V a ) . . . .
98
l i t 0S..............................
84*
A 09
1st 5s 1932...........
C on sol id A t G as (B a .
Balt L
C on solld Gas (N J )—Stck
18
80
l i t s* 1 9 3 0 .............. JAT
B id. Ask. .
(4 a s S e e n T i t le s .
(in s S e c u r it ie s .
B id.
78 I Indianapolis Gas—S tock. 115
Cons urn Gas (J C ity)—Stk
75
II 1st 0 s .........................M AN 101
103
1st 6s 192 0............. MAN 105
Jersey City Gas L i g h t .. . . 190
N Y S to c k List.
, D e tro it Gas—
C onsol 5s 1918— See N. Y . Ex. L ist. ' L a cle d e Gas—N Y Stock E x ch .
!
05 I L a fa y e tte (In d ) G as—Stk
75
In co m e 5 s .................... .
90
1st 0s 1 9 2 4 ..............MAN
89
1 9 4 * D en ver C on solidated G A . . . . . .
F o r t W ayne (In d )—Sto ,'k
73
L oganspt A W a b V a l—Stk
53
38
lBt 0s 1925 ..............JA D
1st 0s 102 5............... Ji*J
80
105
72
80
L o u isville Gas L i g h t ........
70
3 6 * G rand Rapids—S to c k ........
M adison (W ts) G as—Stck
1st 5s 1 9 1 5 ............. FA A j 99%
102
H a rtfo rd (C t) G a s L . .. 2 5 , t 42
1st 0s 10 Vt»..............A A O « 98%
Ut.
M em phis G a s ......................
21 | Indiana N atA 111 Gas—Stk j 54
|
M in n G a s 0s 1 0 1 0... . M A S 3103
88 II lit. 0s 1908 ..........M ANl 71
A sk . [|
18
104
on.
;s I
W
j
K
J-J
113
119%
111%
117
104%
144
140
137
133
359
W eek ’s
R ange or
L a s t S a le .
W e e k E n d in g A u g . 19 .
Low
E
.
=
0
A sk.
125
100
Gas Securities,
N ew Orleans Gas L ig h t ..
O hio A Indiana—S t o c k ...
1st 0s 1920 ............. JA D
P eop les Gas A Coke—N Y
P h iladelphia C o ............ 50
78
I P ittsburg G as.................50
92
New 5 s .......................
55
! P ortland (M e) Gas L ...5 0
74
l St Joseph ( M o ) ......... .
90
5s 193 7...................... JAJ
65 i
100 % | St P a u l Gas—S to ck ...........
Consol 58 1944 . .. .M AS
3 And interest. t Price
i o i" l
’ ****
06
Bid.
105*
54
09
8tock
t .........
fl3 5
105
\ 85
34
90
44
§ 80
per sh
Ask.
n o*
57
72
E xch
100
90
38
02
50
83
are
860
THE
C H R O N IC L E . —BOND PRICES (5 pages) Page 3.
*
P ricir
b o n d s
t I
J 'Y u h ty,
IT. Y . STOCK EXCHANGE
■ it
J « s 7. 1 9 .
W e e k E n d in g a d o . 1 9 .
— - B id .
A tk .
L o n ,- 1tumid (C an.)
B-ki vti A M on l* t k (Is, 10 U ,>!■ 8 .........
l i t ?-*.......
1911 11 8 ..........
N o r S h b 1st c o n g gu5#..*32 O - O .........
K Y
E x U 1st g a g S s ’ td j . j
................
i lo a u u K K i p i f 3 * . ..1 9 4 5 J - J
It» A M o itiv. J i« Ubi A Alt.
I t E je S t L C o a c n g fit-1939. {
T r C o u r t s . . . . . . .........
t
H - S .........
■
16c
£*>n A N M n»CooDil B r 7 »1 8 0 7
121
N O it M U t * rt*......... 1980 J - J
icia
•■a gold 0 * ................ .iU 3u J - J
Srda
115
K 11 £ Nash 1*1 g
1910 j - n
120
G eneral g old fl*.. . . . .1 W J - l ) U 8
it
> 1-8 iuS
PWUftQOUl d ir g old 6 s -102
1 1 - 8 .........
lit I .d iv I s t g
1 1 - 8 .........
i d gold 3 » . .................. iws
I fs s b A R oc l * i 7 *........190 I J - J
A - O .................
Blak f d (8 A A ) g 6 s . .. .l 9 1
........
S A N A co n gu g O s.. . . I M O F - A
H
104%
G otd 5 *.............................1937 11 -N
90
Unified g 4 s .....................1940 J - J
91%
R e g is tered ........., . , . . 19 4u
P en * A A ll 1st gu g fl* -1 9 2 1 F ' A 108
C oll trust g 5 s ................ 1931 M -N n o s
LANA MAM 1 s tg 4% * 104 5 M ’ S . . . .
K H a A b l s l gu g 5s ..15137 F- A *......... 07
02'-.
K entucky Cen t g 4 * . . . 1087 J - J
L C l n A L ex g 4 % s ....l 9 3 1 M -N *110%
L A J e ff Bge Co gu g 4s. 1045 1 1 -8
L N A A C. Set 0 1 A 1*.
L o u is R y C o 1st co n g 5s. 1930 J - J
118
ah on Coni. Set L S A M 5s
anh&tt&n Ry c o n 4a
A -O
9 * Sale
j - j
no
M etro (Mil El 1 s t » 6s.,
M -N 103
ltd
8d 6 s ...........................
M an S W C olO Q llg 5 s .. .1934 . 1 - 0 .........
J .! .....................
M a r te l S t C Ity 1st g 6*
M cK ’ pt A B V. See P Mi
M etrop olitan El. See Man By.
M et St R y gen e tr g 5 s .. 190 7 F - A ’ . . . . 114
J - D i 120». Sale
J - !» . . . . . .
R eg istered .
! m - s$ * ......... 122%
R e g is t e r e d .................190B 51- S .........
..........
L ex A y A P K 1st gu g 5s.*0.': M - S 120
R egistered .............. ........... M S ......................
......................
M ex C en t con gold 4 s . .. 1911 J - J
1st co n Incom e g 3s. ..1 9 3 J ’ ivt ......................
i d con in com e g 3a, ...1 9 3
J'lyJ; ..........
A - u .........
E q u ip A coll ft 5 s ..........101
M ex In tern al 1st co n g 4s.*7 11- Ss! .................. .
M ex Nat 1st g old 6 s ....... 1927 J - 1) .....................
i d Inc 0s A C p stin pd. 191 M S : ......................
i d Incom e g old 6s B ..1 9 1
M ex N orth 1st g old 6 s .. 1919 J 1) * 97
R e g is t e r e d ..................... 1910 J - D
.........
M ich Cent— 1st c o n 7 s .. 1902 11-N 115 Sale
1st eon 5 s ........................ 3902 31-N *107
6 s .......................................1909 M -S .........
6 s .......................
1931 1 1 - s .........
R e g is t e r e d ............. ..193 1 0 -1 1 .........
4 s .................................... ..1 9 4 0 J - j ..........
.........
R e g is t e r e d ..................1940 J - J
B at C A S tar 1st gu g 3s ’89 J I> ....................
MSd o f N J. Sw N Y Sus A W
M il El R y A L S O - y r g 5s. 1926 F - A ......................
M L 6 4 W . See C h ic A N \Y
MU A M ad. See C hic A N W
M il A Nort h. See Ch M A .St P
M il A St P
See Ch M A St P
M in A St L gu. See B C K i f i
M um A St L — 1st g 7s .. 1 927 j
r>' u n
1st con s g old 5 s ........... 1934 M -N *107
109
Iow a e x 1st gold 7a. . . 1909 J - D * ......... 127
S ou th W e s t e x 1st g 7a. ’ 10 j - i ) .........
P acific e x 1st g old 6s .1921 A - O .......... 130
M A P 1st 5s st 4a in t g u . ’ SB J - J .........
M 8SM A A 1st g 4s lo t g u . *26 J - J
.....................
M StPA SSM c o n g 4 s l n t g u ’ 38 j . j ......................
M ian 8 t R y 1st c o n g 5s. 1919 J - J
.....................
M inn U u. See St P M A Al.
M o K an A T e x — l s t g 4s. I09i J - D
01% Sale
i d g old 4 s .....................1 9 9 0 F-A .:! 05% Sale
1st exteii g old 5 s ..........1944 M X ' ......... 90
M K A T o f T l& tg u g 5a ,"4v M - S
87% Sale
75
Sale
K O A P a c 1st g 4 a . .. . 1990 F - A
Dal A W a 1st gu g 5s. 1940 M -N *
B o o n e v B d g C o g u g 7 a ..’ 06 31-N .........
T e b o A N eosh o 1at 7s. 1903 J - U .....................
M o K A E 1st gn g 5 s , ..1 9 4 2 A - l > 101%
M o P a c— 1st con g 0s. ..1 9 2 0 M -N 190:i; Ba!*’
3d 7a............................... 1906| M -N ! HO
112
Trust e 5a........4........... ,1 9 1 7 M -St * 80
89
R egister e u .................. 1917 M -S t .........
l e t coll gold 5 s .............. 1920 F - A * 77
78%
R e g is t e r e d ........... ...1 0 2 0 F - A
.........
Pac R o l M o 1st ex g 4 s . *36 F - A *100% 105%
2d exten ded gold 5s. 1936
.........
Verd V I a \V la i g 5s. *26 11 - • .........
L eroy A C V A L l«r u fta *2‘ 1 - J 1 . . . . . .
.........
B l L & l M t 1st e x t g 4% s.’ 4 7 F -A t
i d e x t g 5a.................1 9 1 7 VI-N .........
A rk B ran ch e x t g 5s. 1935 J - ( 1 .........
G eo c o n ry A Idgri g 6 b 31 \ » 1“ 0 Sale
G en con stam p gtd g 5s *81 A - O * 09% t o o k
M ;r* Rlv lid g e, Nee C h ic A Alt
.........
M o b A B lrm p r io r l i e o g 5 s /4 5 J - J
.........
Small..... .................... J - J . . . . . .
lr com e gold 4 « , ........19 t- J - J
..................
IFe^A* *
R ange or
L a s t S a te.
L ow .
.......... ........
YO.
H ig h . j
40
A UK*98
0 % A u g 117
IOC N ov *97
122-H A u g ’U
-S
108 A u g ’ 98
115
115
118%
UU
103% S ep.’ UT
121 J ’ ly *97
105
130%
1 0 f%
91
B id. Ask,
( * n s H e c u r it ie w .
17%
1
1st 5a 3 9 4 0 . . . . . . . . .JA-T
80 ] 88
W estern G aa(M lJw)—Stck L ist,
5a—See N V - lo ck TCxchj
T e lo g . A: T e le p h
A m erican I.)lat T e le —N\ S ock E xch
A m erica n T el A Cab—N Y Stock Kxch
C entral x S ou th A m e r .. .. I 5 00 1 107
Ches A P o t o TeScph—Stkl 51 i
B on d 5 s ......................... .. r 1 ) 3 i io n 1
C om m ercial C a b le....... .... J 100
185
C om m er U n ion T el (N Y ). 1 1 2
115
12TrrTllr<» A n ** «»*>'/• 'P/yl I
I
j
|
!
5
5
13
10 %
104%
01%
103%
104%
109%
9S
91
103
A u g'98
A u g ’ 98 .
J By *98
J ’ly *08
Aug* 08
J a u .’ Ub
109
M a r ’ 98 . . . .
05%
u «k
103
1139t
130^
lU G . 19
11
0
111
120
J ’ ly *98
03
A p r. *98
iio
105%
122
1213-4
125%
106
108
B u i.
A u k. Low .
38
77*(
J 'ly *97
F e b *97
7
i •n
.
2
105%
F eb .’ 9 8 . . . .
J*ne’ 98
Jau.*98
F e b .*98 . . . .
J a n .'98
J ’ ly *97
108
N o v ’ 97
2
....
121% A u g ’07 ” ”
813
91%
92
414
05
00
88 A u g 1 8 . . . .
9
87%
88
/
20
78
75
84
84
2
100%
100%
16
100%
100% 107
l I l A u g ’ 08
18
85«
7tS«
89
S'l
103M A uk '9 8
106% J ’ ly *98
108
107%
105%
100
100
M ay *98 . . . .
J ’ ly ’ 98 . . . .
J ’ ly *08
100%
59
A u g ’ 98
..........................
8«k
Sale 102
.........
80k
102
38]
5
1
(G
i v e x
J -J
131
Sale 130%
131
2d 6a ......................... 1901 J - J
’ 1 0 5 ^ N o v ‘ 97
A 03%
103%
1st con g o ld 5 s ............. 1928 A - U
U t 6a T A P b ............... 1917 J - J
1st 6s MoM M W A A L 3917 .1 - J ’ 106 .
33
40
U t gold 0a Jasper B o h .1923 .1 -J| 110 .
........* . . . . . | Nash Pier A S hef. See L A N
|.....
.
New JI a It. See N V N U A HI
1204*J 124% N J June H it See N Y Cent.
100 108
N J Southern. See C en t N J.
113 117
Now A Cln B dgo. S r r P e u n C
l u a x i » o « N Ot.N ’ E prior Ben g 6*. 191, A -O V
N Y B A Slau llch . See L L
N Y Bay K xten It It. Set L Li
N \ Cen t A H ud R —
*
j 10*5 105
1st 7 s ..................
1003 J * J
R e g is te r e d .................1 9 0 3 *1 - JI 1 1 5 % ......... U 0 « J W 8 8
94
101
lll
D ebenture 5s o f . 1884*1904 M - 8 U 0% ......... 111
10 0 k io * h
......... 1 1 0 ^ J ’ ly ’98
Registered . . . . 1884*1004 M - S 108
......... 1 1 0 0 k S e p .’ 07
S3
01%
R e g dob 5s o f . . .1889-1904 iM - S* 108
D ebenture g 4 s . . 1600-1905 .1 -1> 1 0 4 % ......... 105 Aug* OS
90% i o » "
R eg istered ........1800*1905 .1 - D
10-154 . . . . . . 10454 F e b ,’ 9 s
,101% 108%
; 10446 J ’ ly ’ 9 8
D ebt corts e x t g 4s — 1905 11-N
108
100%
]1 0 4 ^ J ’n e*9 8
R e g iste re d ................. 19 0 5 Lll.-N j 10 >% .
87U H8
G 3 % S ............................. 199*
10 6 k Bale
85
91
1104% J ’ ly '9 8
R e g iste re d .............
1997 .1 - J
954.1 Sale
103 103
90 H
96
Lake Shore col g 3% s 1998 F - A
04
Bale ! 9 4
94
R e g is t e r e d .................1998 F - A
9454 Sale
94-%
95
M ich Cent c o ll g 3 % s .. i 90S F - A
103 109
R e g is t e r e d .................1996, F - A
H arlem 1st 7 a . . . , ........1900 ,\I-N i o j k
i ‘0 7 k J ‘ n e '9 8
107
........ 1 0 7 k
90
98%
107%
R egistered .. ............. 1900 M -N
114% 119%
N J June K gu 1st 4s .1986 F - A
1103 M ay*9i
R e g is te r e d ................. 1986 F - A
101
105
109% 109%
W e s t S hore 1st 4a g u .2 3 6 1 ,J - J ...........n o
R e g is te r e d ......... . ...2 3 0 1 .1 - .1 10 8 % n o
108%
100
B eech Crlc l s t g u g 4a. 1936 .J - J ......... 10 9 k 1 0 8 % N o v ’ 9
R e g is te r e d ..................1 9 8 0 1J - J
100 J ’ n e'08
2d gu gold 5 s___ .1930 J - J
108% 110%
114% 122%
R e g is te re d ........ ........ 1036 .J - «I
Clearfield B ltum Coal Corp
116 123%
l a t ,s f ln t g n g 4 s s e r A .* 4 0 i J - J
95 J’ ly ’ .OS
Small bonds series B . ."40 .1 - J
G ouv & O sw e l s t g u g 5a.,42 J - D,
117 123%
R W A O g co n l a t e s t 5s.’ 22 A - O ; 124-14......... 124% A u g ’ 08
63
00%
N or A M on t 1st gu g 5 s .’ 16 A - t>| . . . . . . . . . . . .
R W i O T R l s t g u g 5a. IS U -N
Oswe A it 2d g u g 5 a . . l 9 l 5 ; F - A i
U tica & B lk K ir g u g ‘I s .’ SS.J - J .* 1 0 6 ^ .
107
107
M oh A M ai l a t gu g 4 a. 199 11M - S .
7 0 « 77iH
Cart A A d la t gu g 4 b . 1981 J - 1>
N Y A P u t I s t c o n g u g 4 a .’ 93 A -O i
127
N Y A N orth l a t g 5 s .. 192
123 J ’ n e ’ 98
- O ’ 124
10
N Y C hic A St L 1st g 4s. 1987 A - O 107 Sale 107
104 Apr.*9,S
1 R e g is te r e d ..................... 1037 A - O j 107
In ""
110 115% N Y A G reen w Lake. See Erie
102 k 1 0 f l« lN Y & lia r . See N Y C A H ud.
122 123 ' IN Y L a ck & W . See D L & W
i N Y L E A W . See Erie.
121
127
1 2 5 % 1 2 5 % N Y A Man B ch. See L on g la.
IN Y & N E. Sec N Y N 11 A H
100 108
N Y N H & H art ls tr e y 4 s .’ 03 J - D
108 108
104% O c l.’ U?
100
100
C on vert deb co rts $ 1 ,000 .. A
Sm all c e r tfs $ 1 0 0 ..................
153 J 'n e ’ 98
H ou saton io R con g 5s. 1937 M -N
125% F e b ’ 97
N H A D erb y c o n 5 s . . .1918 M -N
N Y A N E la t 7 s ......... 1905 J - J 1 20% Sale
114
114
1st Cb ............................1905 J - J
N Y A N orth. See N Y C A I I .
107
N Y O A W con 1st g 5s. 1939 .1 - D 106.51107% 100%
101%
R efu n d in g l s t g 4 g .,..1 9 0 2 M-S| 1 0 1 % ......... 101
R egis $ 5 ,0 0 0 o n l y . .. 1992 M-SI
100% 108%
N Y A P u t. Sea N Y O A H.
N Y A R B. See L o n g ltd.
. . . . . . . . . . . . N Y S A W . See E ric.
N Y T e x A M. See So Pa c Co. I
North Illinois. See Chi A N W .
North O hio. See L E rie A W.
N orthern P a c i f ic Gen 1 s t R R & L G s f g 6 s . ’21 J - J U 3 k
U4
114
R eg istered................... 1921 J - J
11044 1I1W 1 1 0
8 2 « 82M
J ’ nb’ 98
St P A N P ge n g 6 s . . .19 2 3 F - A 129
Sale 129
57
67%
1 2 S!«
R egistered c t f s ......... 1923 Q - F
...... ...... 337 J ’ly ’ 98
88M 88
P rio r lien r A 1 g g 4a.. 1097 o - J 1 0 1 Sale 1.005M 1 0 1
80
38
R e g iste re d ................... 1097 Q - J
71
78
100% Sale 10 0
10 0 ^ 1
00
G eneral lie n g 3a......... 2047 o - F t
75
84%
Sale
05
00
R e g is t e r e d ......... . . . . 2 0 4 7 u - F f
* 112
N or P a c T e r C o 1st g 6 s. 1933 J 114
l l 2 J ’ly *98
9 3 % 1 0 0 % Nor Ry Cai. See C en t P ac.
03
106% N or W is. See C St P M A O,
Nor A South 1st g 5 s . .. .1941 31-N 10 2
103% 112
10 2
J 'n e '9 8
12 2
A ug’98
e s k 8 7 k Nor A W est gen g 6s . . . . 1931 M -N M 2 1
New R iv e r 1st g 0 a . . . . 103 2 A - O 1 2 2
3 25
124
A u g ’98
Im p rvm t A e x t g 6a . .. 1934 F - A * 31 0
117 I’ eb.'U f
00
80
C O A T l s t g u g 5 s . . . .1922 J - J *105
10 1
Scio VA N K 1st gu g4s.l98W M - N * » 0 k
1*00 106
91
91«
87
N A W Ry la t co n g 4s. 1998 A - O
Sale
105% 100
87
80
U e g la te r o d .........
1 9 9 6 1 - <>
A
S m a ll............................199 01 - O
A
107 % 1 1 0 % Nor A M ont, See N .Y .C onL
90
g A L Cb 1at ce n 0 s .. 1920 A - O
05
102% 107%
..... ......
I n c o m e . . . . . . . . ........192o A - O
102
]0 8
n com e amiLll
A- O
86
100% '
80
100 | O In d A W . S eeC C C A St L.
O hio A Mias. Sec B&Q SW .
..................... I Ohio R iv e r R U 1 st g 5a.. 1036 J - D ♦ 10 0
104
10 2
G eneral gold f>a., ........1987 A - O * 76
88
O hio Southern 1 st g 0 ».. 1 9 2 1 J - 1)
85 % A uk ’ 98
9
! ! ! ! ! ! ! ! ! ! ” ] G eneral g o ld 4 s . ...........102 i M -N * 0
8
8
♦ 3
7
30 J ‘n o ’ 98
Eug T r C o cert f s ..............
U 8 « ISO |
80
Oiu A St L 1 st \ 4 s ......... 1901 J - J
t
Sale
il
80
70
81 i Ore & Cal. See So Pac Co.
112
Ore Ry A Nav I s t s f g 0U.19O9 J - .1 114
112
97% 102
10 0 %
...................... Ore H R A Nav con g 4 s .. 1946 J - I ) 10 0 & Sale 10 0
128
Sale 127
Ore Short Line 1st g 0s. 1922 F - A
128
Utah A N or la t 7 s ........1008 3 - J ..... . ...... 1 2 1
J ’n e’ 98
.19 2 0 J - J
G old 5 s . . . .
M ay *97
......... 1 0 2
;
3-
L28
f o o t
o e
7
t B t a l i d a e J .i l / .
c o n s e c u t iv e
il B m l* d o J a 1 ?
llfl
113% 119%
113% 119
1 0 112
0
tO0
p a g e s
).—
1115%
102
1 05
104% 104%
100% 105%
104
1 05
105% 107
104% 104%
94
96%
94
95
9 1% 05
i'0 7 % 1*0*9%
107% 109%
2 102M
1
110%
14
101% 310
100
100
95
95
119% 124%
128
14 :100
104
145
145
120% 120%
B > i l i i.l a j M iy .
181%
Vi too** iob"
120
107%
104
100
153
119 120%
113% 114
100
96
1
109
102%
112
112
12 4
119
is u k
127
90% 10 1
10 0 %
93
0b
57
3
....
i. i 0
25
7 5U
104
uak
10 2
12 0
118
117
105
126*
124
11 w
a*
91%
87%
82
7J-H
17
130
......
O
t B on d i due Jan.
a t
R ange
fro m
J a n . 1.
■ 7*
3 '
B
H igh ,. A’ o -
dontauk Ext, See l^»ng U.
*4u rg tut *s L a A T. See S l* C o ,
d o r m .v Essex. See Del L a AY
■iim ....
143
138
127
W e e k 's
R ange or
L a s : S a le .
|
took 106k
1 3 1 k A i4 VB8 . . . .
13
97
O
L ow . H ig h .
P rict
F rid a y ,
A u g 19.
104*;.....
4
16
17
19
96%
u m
103%
77 %
5 -3
k C
BON DS.
tin ..... 110
J ’ ly *08
’ N o price Friday; th ose are la te st bid and a * k o i th is w o k .
o j 1 neuce Gn»—S tock .. . . .
1
0
......... 121% J ’ly ’ 08 . . . .
OUTSIDE S E C U R IT IE S
R ange
fro m
J a n . X.
. . ..
M
M ob A ObtO new gold 6 a . . ’27 T- 13 121
1st ex ten sion g o ld 6s. 1027
G eneral gold 4a............198*. M - S ' 77
M on tg om D lv i at g 6 s . 1947 F - A
102
St L A C airo g v g 4a . . 103 • J - J * 82
M ohaw k A M aL See N V C A III
M oi longs he la itlr . See B A O
M ont Cent
See Jtl 1 *» A MJ
*
*3 V
I
8 c
[Vol. LXVH
10 2
1 Oii
80
8
10
To
15
1454
82
3 lll
303
89
35 118
121
110
lOO^f
128
12 1
5
22
ti Ban l i d u e N ov
TEL. & ELECTRIC, &c.
T e l e g . f!k.. T r l c p l i . j Bid.
T e l e g - «.V T o d e p h »
r
| B i d . j Aak. jl ,E l e c t r i c C o m p a n i e s 90
85
! least End E le ctric L igh t..
Erie 1 e»og A T elep h on e..
71
I Son th e m A A tla n tic ..........
72
F r a n k l i n . .. ., ........... .......... ! 40
W est’ n Uniou T e lo g —N Y Stock E xch Elect ro -P n e u m a tic... . . . . .
F ori W a yn e E lec. C o . . 25
G old A S to ck ....................... l i 0
i S e n e s A . . . . . ....................
E le c t r ic C om p n tilei*.
B o n d * ........... ...................
90
110
i G eneral E le ctric Co—N Y
A llegheny C o L ig h t C o ... 130
H u d son R iv e r T elep h on e
7 5 I 7S
45
35
D o p re f.— See B o s to n I.
Brush E le ctric C o .............
In tern ation O ce a n ...............: 1 0 7
1 10
37
H a rtfo rd i.Ct) E le c I A Co.
TlrMgprt (C t) K) L t Co.25 t !)S
M exican T elegrap h ............. 1 200
205
20
18
|H a r t f d { C t ) Lt,AP ow C o25
Consol E le ctric S to r a g e ..
M exica n T e le p h o n e ...* 1 0 j
,
•75
M o E d ison E lectfrtc.. . . . . .
Eddy E lectric M fg C o ..25 t ....... . 13
New Eug T o le p —See B obt o s list
Edison El III Co N Y —N Y Stock E xch I D o p re fe rr e d .............. .
N orth W fltern T elegraph-! 1 1 0
115
N Y A N J T e le p h o n e ___ ! 1 10 % 150% E dison El 111 Co B rk—N Y Stock E x ch N arragan. (P r o v lE lC o .5 0
14
11
N ew l ia v (C t) E le c h i Co
EdiBOP Ore M illing C o ....
5« 3 920 .................... JAJ H O
23
21
___ t P rice 1 o r share.
E dison Storage C o .............
p acific A A tla n tic............. .1 70
t
1
2
1%
4
Stock K xch
1st.
125
115
t
4
7
22
14
42
44
87
t
170
180
AUGUST
20, 1898.]
T H E C H R O N IC LE.—BOND PRICES (5 pages)
P rice
F rid a y .
A u g . 19 .
BONDS
QH.y . S T O C K E X C H A N G E
W e e k E n d in g A u g . 19
W e ek 's
R ange or
L a s t S a le .
B id
A s k . L oro. H ig h .
108
Ore Sh L —1st co n g 5 s... 1940, J - J 1 0 7 * Sale 1 0 7 *
80*
91*
81 % Sale
N on-cum Luc A 5 s ....... 1940 Sep.i
5 8 * Sale
57
58*
N on-cu inc B A c o l t r ..l9 4 0 O ct.t
O sw ego A R om e. See N Y C
O C F i S t P. See C A N W
100% Sale 1 0 3 *
100*
a c C oa st Co—1st g 5s. 1940 J - D
a c o f M issouri. See M o Pac
Panam a s f subsidy g 0 s . 1910 M -N
P en nsylvania C o—
113
Penn C o gu 1st g 4 * s . 1921 J - J 1 1 2 « ......... 113
110 J ’ l y ’ 98
R eg istered ....................1921 J - J
.........
(ltd 3 * s c o l tru streg . 1937 M - 5* 99
P C C & St L con gu g 4 * s —
112 114
1 1 0 * J ’ n e’ 98
Series A ......................... 1940
112
.......... 111 J ’ n e’ 98
S en es B g u a r.............. 1942
Series C g u a r.............. 1942 M -N
8 ertea D 4s g u a r ........1945
........ .......... 102 O c t /9 7
108 J ’n e ’ 08
Pitts Gin A S t L 1st 7s. 1900 F - A
1 0 9 * A p r ’ 97
R eg istered ................... 1900 F - A
140 M av’ 98
Pitts Ft W A C 1st 7 8.1912 J - J
140
149
2d 7 s .............................. 1912 J - .1
3d 7 s .............................. 1912 A-O*
0 8 t L A P l s t c o n g 5s. 1932 A - O 1 1 7 * ......... 1 1 2 * A p r ’ 97
......................
R e g is te r e d ................. 1932 A - O
Ciov a P itts c o n s f 7s. 1900! M -N 1 0 7 % 1 0 9 * 107 M ay’ 98
Gen g u g 4 % s se r ’9 A . 1942 .1 - J
Series B..................... 1942 A - O
Gr R A I e x 1st g u g 4 * s . 1941 J - J
102 N o v ’ 97
A llegh Val g e n g u g 4 s . 1942 M -S
& C B d g e g e n g n g 4 * s .’45 J - J
.........................
? e n n R R C o—
108 M ay’ 97
1st real estate g 4 s -----1923 M -N
C on sterlin g g 6 s ......... 1905 J - J
Con currency 6 s r e g .. .1905
Con g 5 s ........................... 1919 M R eg istered ....................1919
Con g 4 s ........................... 1943 & -N !
.........................
Cl & Mar 1st gu g 4 * 3 .1 9 3 5 M -N
1 1 5 * F e b .’ 98
U N J R R & Can gen 4s. 19 4 4 M - S
D R B R A B ge ls t g u 4s g.'3 0 F- A
? s n 3acola & A t. See 1. A Nash
90
1 0 1 * 1 0 1 ^ Aug*9S
^ e o D ec A K 1 st g 0s tr rec.’ 20 J - J
......... 90 J ’n e'98
K raus D iv l s t g 6 s t r r e c . ’ 20 M - S • 93
........
1 8 * J ’ n e’ 98
2 d g os tr rec 1 st pd.. 1920 M -N * 1 2
Peo & East. See C C C A St L
120 M ay’ 98
? e o Sc P ek Un l s t g 0 s . . .1921 Q - F
2 d g 4 * s ............... F eb., 1921 M - N
8 5 * M ay’ 98
1S7 N o v ’ 97
Pine Creek reg guar Os. .1932 J - D
F itts Cin Sc St L. See Penn Co.
P C C A 8t L. See P enn Co.
*105
......... .........................
Pitts Clev & T o l 1st g 0 s .. 1922
Pitts S C on n ellsv. See B A O.
c
P itts Ft W S Ch. See Penn Co.
c
• 120
.......... .........................
Pitts June l s t g 0 s ......... 1922
*108
..........
P itts A L Erie—2d g 5s .. 1928
* 120
..........
Pitts M eK A Yo— l s t g u 6 s ., 32
2d guar 0 s ....................... 1934 J - J
M cK ee A B V l s t g 0s. 1918 J - J
*811
.........
P itts P & F 1st g 5 s ........1910
109 Sale 109
100*
P itts Sh Sc L E 1st g 5 s . . 1940
98 J ’ l y ’ 97
1 st co n s o l g old 5 s........1943; J - J
91
03
Pitts A W est l s t g 4 s . .. 1917 I - J
Z IP
* 50
5 2 * 50
50
G old 5 s .................. 1891-1941
* 112
..........
P itts Y S Ash ls t c o u 5 s l9 2 7 .
c
8 4% Sale
38 y ,
34«
T r e a d in g C o gen g 4 a ... 1997 J - J
U
R e g is t e r e d ................1997 J - J
R en sselaer A 3ar. See D 4 H .
R ich A Dan. See South Ry.
IJIr. p«1 »♦ a
. 1.930!
,,
•n
R io Q t J az-e 1 ft 1 1 C 5 .. 191 1 \ 7
B lc GI 80 l s t g l i- 4 i .. . - 1 « 1 3 i i
111
B o< h A P its, I • 3 R fe P.
<
S o a i e W a 'A C * &t< N t C i t i
»> '
LSait Lak« C l «l a »!
DIMS i •J
O t J o A G I l s t g 2-3 4a .IB 17 i • j
<
,
i.i
8 t L A A T 'I . See Hi mot iCo:»t.
6 t L A Cat. See M 3b .1 O hio.
Bt L A Iron M ot nt. Si i M P.
8 t L K C S N. See W soash .
c
S t L M B r . See T U R A o f StL
Qt Louts A San F ran cisco—
2d gold 6 s Class A ------1900 M -N • 1 1 4 * ......... 114 J ’ l y ’ 98
114
114%
3d gold 0s Class B .........1900 M -N ......... 1 1 0
114
2 d g old 0s Class C .........1900 M - N • 1 1 4 « U 4 « 114
1st g 0s P ierce C A 0 ..1 9 1 9 F- A
ISO Sale l 19%
G eneral gold 0 s ..............1931! J - J
12 0
! 00%
G eneral gold 5 s ..............1931 J - .1 1 0 « * Sale 106
100 J ’ l y ’ 98
1 st tru st gold 5 s ............ 1987 A - O - 9 7 * 100
......... 105 O ct.’ 9 7
F t 8 A V B B d g l s t g 0 s . 1910 A - O *105
_
K ansas M id 1st g 4 a ... 1937 J - D * 59
8294
82% Sale , 79a*
8 t L A 8 F R R g 4 s . ...1 9 9 6 J - J
97%
Southw D l» 1st g 5 s ... 1947 A - O ;
. 97*
Qt L 8 0. See Illinois Cent.
80
8*
C t L 8 W l s t g 4s b d e fa . 1989 M -N ! 8 0 * Sale
34*
2d g 4s Inc bond c t f s . . 1989 j - j i ; 8 4 * Sale | 8 2 *
90
N o v ’ 97
Qt Paul City Cab. c g 5s. 1937 J - J
G uaranteed g old 5 s . .. 1937 J - J ; ’
117 M a r’ 98
flt Paul A D uluth 1st 5«. 1931 F - A
2d 5 s ..................................1917 A - O
1 0 6 * J ’ ly *98
124* 12 2 *
Qt Paul M S M 2d 0 s . . . . 1909 A - O 123
c
12 2 *
12 2
A u g ’ 98
D akota e x t g old 6 s — 1910 M -N * 128
1 3 0 * A u g ’ 98
1 s t con sol gold 0 s ........1938 J - J 131
Registered ..................1933 J - J
Reduced to gold 4 * s 1933 J - J * 1 0 8 *
108*
108<
1 0 0 * M a r’ 98
R eg istered ................ 1933 J - J
M on t E xt 1st gold 4s. .1937 j - n *ibo* :
10 0 *
10 1*
R eg istered ....................1937 J - D
96 F eb .'98
M inn U nion 1st g 0 s ... 1922 J - J
1 2 2 * Jan .’ 96
1 2 7 * J ’ ly ’ 98
M o n t C l st gu u Os-----1937 j - . j 1 128
115
A p r'9 7
R e g is t e r e d .................. 1937;I J - . i l
1st guar gold 5 s ........1937 J - J * i i o "
1 0 9 * M ay’98
R e g is t e r e d ...................193 7!J - J
3 Minn ls t d t v l s t g 5 s . 1908 A - O 4 1 1 0 * .
now
n o ),
R e g is t e r e d ...................1908 A - O
W ill A S F l s t g 5 a . .. . 1938 J - D 4 iiiS •
111
N o v ’ 97
R e g is t e r e d ...................1938 J - D i
Qt P Sc N or Pac. See Nor Pac
Q tP A S’ x City. See C 8 t P M AO I
8 A A A P. See So Pac. Co.
1 0 0 * O ct.’ 97
S F A N P l s t s f g 5 s . .. 1919 .1 - J *103
F
• N o p rice F riday; these are latest bid aud asked this week,
OUTSIDE S E C U R IT IE S
K lr c t r lc C o m o n n lm .
R h od e Island E lec Pro Co.
T o r o n to (Can) E lecL t.C o.
T n om -H ou st W eld in g Co.
United Elec L tA P Co pref
W o o n s o c k e t ( R I) El C o..
F e r r y C o m p a n ie s .
3 'k ly n A N Y F erry-Subs.
B id.
Ask.
no 120
185)4 1 30 *
100
12
18
;
83
85 i
I
100
no
112
3 7 * 38
« 90* 07*
91
90
H obok en Ferry—S to c k . ..
1st 5s 1946............. MAN *106
108
t>trr pnlltan Ferrr^—5 s .. n o
111 il
(G
i v e n
a t
a* .
| 1
| R ange.
\ fro m
i Jan. 1 .
P age
P rice
F r id a y ,
A v g . 19
BONDS.
N .Y . S T O C K E X C H A N G E ) .§ '£
W e e k E n d in g A u g . 19 .
N o . L o w . H ig h
B id .
A sk.
.........
Sav F A VY 1st c o n g 0s. 1934 A - O 118
2 1 \ 96
108
1 2 0 i 58
1st g 5 s ............................ 1934 A - O 107 ..........
81*
262
39
5 8 * Scioto Yal & N E. See Nor & W
103*.
Seab A R o a 1st 5 s ........... 1920 J - J
Sea A B Bdge. See B k lyn El.
150 1 0 2
J
95
1 0 6 * Sod Bay A So 1st g 5 s . .. 1 9 2 4 1 - J
So Car A G a 1st g 5 s . . . .1919 M -N I* 9 8 * * 0 0 *
Southern Pacitlc C o Gal H ar A S A l s t g 03.1910 F - A *104
................
2 108 114
2d g 7 s......................... 1905 J - D *105
M ex A P a c d lv 1st g os .’ S 1 M -N
n o
n o
H ou s A T C 1st W A N 7 s .’ 03 J - J
H I * ........
1st g 5s in t g t d ......... 1937 J - J
C on g 0s in t g t d ........1912 A - O 1 0 8 * ........
.... 100*113
G en g 4s in t g t d ........1921 A - O * 8 2 * 83
108
113
M organ’ s La A T l s t g 6 s . ’ 20 J - J
1st 7 s ........................... 1 9 1 8 'A - O
N Y T A M ex gu l s t g 4 s . '1 2 A - O
io ijj io s "
Ore A Cal 1st gtd g 5s. 1927 J - J
S A A A Pass 1st gu g 4 s . *48 J - J
140 1 4 0 *
T e x A N O 1st 7 s ......... 1905 F - A
’ i 140 140
Sabine d iv 1st g 0 s .. 1912 M - S
4
Con g 5s .................... 1948|J - J
So P o f A r g u l s t g 0s.’ O9-lO J -JB 1 0 9 * Sale
. . . . 107 109
S P o f Cai 1st g 0 s .’ 05-12 A - O
1st co n guar g 5s. .1 9 3 7 1 -N
M
A A N W 1st g u g 5s. 1941 J - J
S P C oast 1st gu g 4s.. 1937 J - J
S P a c o f N M ex 1st g 0 s . ’ 11 J - J
97 Sale
South Ry— 1st co n g 5 s . . 1994 J - J
R e g is te r e d ................. 1994 J - ,J
M em D iv 1st g 4 - 4 * - 5 s l9 9 0 J - J
R e g is t e r e d ................ 1 9 9 3 J - J
E T en reor lien g 4 - 5 s .l9 3 8 [M -S
.....................
R e g is te r e d ................. 1938 M - S
A la C en R 1st g 0 s ---- 1918 J - J T 10
A tl A Ch A ir L in e in c. 1900 A - O ‘ 102
Col A G reen v 1st 5-08.1910 J - J
1 0 5 % .........
E T Ya A G a l s t 7 s . .. . 1900 J - J
iis « ii5 «
D ivisional g 5 s ..........1980 J - J 1 1 4 * Sale
C on 1st g 5 s ...............1950 M - N 113 Sale
Ga Pac R y l s t g 5-0 8 .. 19 2 2 jJ - J
95 1 0 1 *
96
90
K n o x A O hio 1st g 0s .1 9 2 5 J - J * 1 1 5 * 1 1 0 *
125
R ich A Dan c o n g 0 s . .19 1 5 J - J *122
15
1W
Equip sink fu n d g 5s. 1909 M - S *100
12 0
120 j
Deb 5s s ta m p e d ....... 1927 A - O *103 108
V irginia M id ge n 5 s . .. 1930 .M-N 107 108
85* 80*
108
Gtd stam ped...........1930 M -N 107
80
.........
W O A W 1st cy gu 43.1924 F - A
W est N C 1st co n g 08.1014 J - J
8 A N Ala. See L A N.
Spok FallsA N or l s t g 0s. 1939 J - J ■ 98
Stat Isl Ry l s t g u g 4 * 8 .1 9 4 3 J - D ‘ 100
Sunb A Lew lstn 1st g 4s. 1936 J - J >100
Syra Bing A N Y. See D LA W.
'P e r A o f St L 1st g 4 * s . 'S 9 A - O 1 1 1 * 113
J- 1st co n gold 5s. 18 9 4 -194 4 F - A
St L M Bge T e r gu g 5s. 1030 A - O
T erre H aute E lec R y g 0 s .'1 4 Q - J*
13 104 1 0 9 * T e x A N O. See So P a c Co.
T e x A P R y E d iv l s t g 08.1005 M - S 1 0 7 * 110
3 7 6 * 94
1st gold 5 s ......................2000 J - D
......... 106%
25
2d gold Inc. 5s, D e c .. .20 0 0 Mch.
4 5 * Sale
30
53
T h ird A v 1st gold 5 s -----1937 .1 - J
324
i o s ” Sale
7754 8 7 « T o l A O C l s t g 5 s ...........1035 J - J
W e st’ n d iv l s t g 5s — 1935 A - i) 105 Sale
.........
G eneral gold 5 s ............ 193 5 J - D ■ 80
K an A M 1st gu g 4s. ..1 9 9 0 A - O ’......... 81
77 Sale
r
?z\
t W 1st g o ld 4r.lW l 7 J - J
7 e ;* o»
m
•4 H J i t L A K C l s t g 0s tr.19 10 J - D
98
100*
I r .st*r A Del 1st e g 5s. 1928 J - D
. ..
5<
III
" ) n l«n K1» t . See Bklyn Elev
Un El (C hi3) l i t g 5 a . . . . 1045 A - O
99
Sale
Un P t o —R R A 1 g g 4 8 .1947 J - J
IS
Heart stare d ..................... 1947 J - J
1
H
P r Oo ctfa x 4 * s ......... 1918 M -N
77
Sale
U P DAG 1st c g 5s t r r c . ’3 0 ........
Uni N J R R AC Co. S s e P a R R
Utah A N orth. See Ore S L.
U tica A Black R. See N Y Cent
e r Val Ind A W . See M o P.
lrgtnia M id. See South Ry.
111
ab R R Co l s t g 5 s .. 1939 M -N I I I * 1 1 2 *
H 1 1 1 % ll« H
1 113
8 0 * Sale
2d gold 5 s ..............1930, F - A
116*
D ebenture series A ....1 9 3 9 J - J
48 114
30 Sale
12 0 *
Series B........................ 1039 J - J
24
106
l s t g 5 s Det A C h E x t .. 1041 J - J 1 0 4
9 8 * 106*
.........
StC has Bridge I s t g 6 s .l 9 0 8 A - O 110
9 2 * 100
W arren RR . See Del L A W|
W ash OA VV. See Southern
8 2 * W est N Y A Pa— l s t g 5s. 1037 J - J ......... 109
129 09
60
5' 90
97*
Gen g 3-4s.......................1043 A - O
Incom e 5 s-----A pril, 1943| N ov.
16% Sale
152;; 70
81 ! W est N o Car. See South Ry.
420 , 25
34*
W estern Pac. See Cent Pac.
W C hic S t4 0 -yr l s t c u r 5 s . ’ 2S M -N
•— .....................
40-year con g 5 s ............1930 M - N
W est Shore. See N Y Cent.
115 117
W Va A Pitts. S r s B A O .
H 05 100
,1 2 0
1 2 2 * W Va Cent A P 1st g 0s. 1911 J - J
W heelin g A L E 1st g 5s. 1920 A - O
' 118*123
1
Trust Co certlflcatos........................
128 1 8 0 *
W h eel Div 1st g o ld 5 s . l 0 28 J - J
90
E xten A Im p gold 5 s .. 1030 F - A
2 105*108*
80
Consol gold 4 s............... 10^- J - J
38
9 3 * i o i % W ilkes A East. See N Y S A W|
40
90
00
Wll A Sioux F. See St P M A M
1 2 2 * 1 2 2 * W inona S St P. See C A N W ;
c
W ls Cent Co 1st tr g 5s .. 10871J - J
:::: 118*132
53% Sale
Engraved tru st c e r titic n te * .........
Incom e 5 s ........................1937, A -0 4
107 1 0 9 *
4.
361
W eek's
R ange or
L a s t Sale.
SP
R a n ge
fr o m
J a n . 1.
L oro. H ig h . No. L ow .H igh ,
1 0 4 * O ct.’ 97
1 0 4 * F e b .’ 98
3
104*104*
99*
92
99*
107 J a n .’ 98
105 J ’ l y ’ 98
"7 *
97*
107
100
92
107
105*
97*
111
109
83
120*
127
A u g ’98
Aug* 98
83*
F e b .’ 98
A p r .’ 98
107*111*
105 110
75
69
110
100*
100*
109
110*
101*
84
75
J a n .’ 98
328
70
55*
M a r ’ 98
N o v ’ 07
io n *
90*
109*
100*
106*
A u g ’ 98
A u g ’ 98
92*
S4
81*
109*
"7
120 * 120 *
127 127
109*
08
J ’l y ’ 98
103
100
A u g ’ 98
00
V
W
1
105W n o w
dam s Ex—Col tr g 4 s .lU 4 S ,M - S 102
m C ot Oil d e b g 8 s . . . l » 0 0 i y u - F ■105
A m Dk A Im p 5s. S eeC en N Ji
Am Spirits M fg 1st g 0s. 1915 M -N
Atlanta G L Co 1st. g 5a. 1947 J -D
ar A S Car Co 1st g 08.1942 J - J
os P Gas tr ctfs s f g 5 s .’ 391J - J
A
...
B
t B ou ds due Jun e.
f o o t
K e r r y < :o m p n n lc w .
N J A N Y Ferry—S to c k ..
I s t 5 s 194 8................ JAJ
N Y A E R Ferry—S tock.
B onds 5s o f 1 9 3 2 ...........
N Y A S B Trans A Ferry
Bonds, 5s, o f 1 9 0 0 .,...
10th A 23d Sts F e rry........
1st m ort 5s 1 0 1 0 ...JA D
U nion Ferry—S to ck .........
1st 5s 1920............. MAN
ftn llr n n d s .
A te Col A P l s t 6 s t r c o c t s
A t J C A W 1st 0s t r c o cts
Bid.
7
o f
Ask.
1100
70
l 97
25
5 00
72
5 08
43
U 01
101
73
08
08
72
72
100
30
95
80
101
44
103
i Bon ds due July.
c o n s e c u t iv e
B on d s d u e M arch.
p a g e s
).
103
" ibo*
1 1 2 * A u g ’ 97
119
105*
114*
112
119
110
122*
101
90
107*
07
87*
113
112 *
110
103
D e c ’ 97
J ’ l y ’ 9S
114*
113
J ’l y ’ 98
J ’ l y ’ 98
A u g ’ 98
N o v ’ 97
J ’n e’ 98
A u g ’ 98
J ’n e’ 98
J ’l y ’ 98
A u g ’ 98
!1 0 5 *
111 2*
107
118
112
118
108
115
113
123
117%
125*
95
90
100
108
102 107
87* 87*
110*110*
11 2 *
109 1 1 2 *
105* 110*
J ’ l y ’ 98
O ct.’ 0»
1 107* 110*
107*
107*
9 9 0* 107*
107
107%
28
45 *
43
4 5 * 1741
117*124
1 2 2 * J ’n e ’ 98
102 105
104
105
103 105
105
105
70
82%
09
78
8 5 * 90
08 104
80 A u g ’ 08
77
78
90
90
1 0 0 * A u g ’ 98
98*
99% 018
59* ‘ J ’ l y ’ 98
75*
7S
n m
80
n m
89*
88*
99%
44
48*
59*
78
104*112*
74* 91*
21
30*
2 9%
3 0 * 033
1 97 1 0 5 *
104*
104*
1 0 8 * 110
110 J ’n e ’ 98
1 0 8 * J ’l y ’ 98
58*
58%
16
10%
99
D e o ’ 9'3
101*
1 00
108
92*
35
M a r’ 98
M a r ’ 98
A u g ’ 98
M a r ’ viH
J ’l y ’98
103 110
4 7 * 59
10
uh
34
N o v ’ 97
52
54*
5 * Aug1
98
102
109
84*
A u g’ 98
J ’ l y ’ 98
85
9 0 * Ja n .*98
T B ou ds due Jau.
10 0 * 1 0 1 *
100
108
00
118
92* 92*
35
35
33*
4
55
7*
9 8 * 102
102*109
64
80
9 0 * *91
$B onds duo N o v .
F E R R Y & RAILROADS.
Knllrondn.
A tc h A P ik e ’s Peak 1st 0s 101
A te T A S Fe gu fd 0s notes 101
A tl’ ta& Ch A i r L 1 s t 7 s '07 117
A t l A P c t s o f d e p g u I s s t'd
0
B A O 8 * s , w hen Issued.. 5 95
D o 4s
*
•
“
§ 91%
D o p re f
“
"
BOW
103
108
100*
109*
110*
101*
87*
105* 110*
87
98*
nor YYY 103
YY
.....
75
71
05*
u vw
01
P referred—See N Y Sto ck K x ch.
98
C aliforn ia P acific l s t 4 * s
Do
2d m ort guar
95
] C h M ll& S t P D ub D iv '20 {1 2 0
Do
W ls Val div 0 s ’ 20 {1 2 0
Bid. Ask.
K n il m a d e .
ChJfcNWlet 7s Mad e x t ’ l 1 *130
Do M enom ineo e x t ’ 11 $130
C h icA T o m a h l8 t 081905 {1 0 9
N orth w Un. 1st 7s 1917. {1 3 2
FremBIIk&MoVal ls t'S S {130
Do
unstam ped {1 2 9
142
W ln A S tP 1st e x t 7s ’ 16 {1 3 0
Ch & Bust 1 1 Hlnlc frt co l t.r
1
Cln&SPKf
7s KU 0 C C&I 104
Tack L A Sag l s t e x t 5 s ’ 01 103
K ingston A P em b I s t M . .
L N A & Ch 1st 0s C &I D iv 113
$A nd interest.
tP rlce per sh are.
THE
362
BONDS.
!N
H .Y . S T O C K E X C H A N G E 4 c
W k k k K x d in o A o o . 1 9 . • ?£
i¥ i»
FV-itfay,
A u g . I i).
C H R O N IC L E .—BOND PltlCES (5 pages) P age 5.
R ange
W e e k ’s
Ra n geor
L a s t S a le.
• ®;
v
81 1 0 9 * 1 1 5 *
V 91*100*
C
D
E
S
H
» ,No p rice Friday; these are latest bid and asked th is w eek.
(G
iv e s
at
188
*15
4
5
....
0
" "
....
4
Peoria W at C o g 6 s . . 1689*19
PI V a lley Coal 1 st g 6a.. 1920
P rocter & G am b le t g fis. .*40
St L T e r Cupples S tation A
T O 0 « 109^
P ro p C o 1st g 4 * s 6*20 yr* 17
S Y u ba W at Co eo n g O s ,.*28
' 95
102
Sp V a l W at W ork s 1st fls.'OO
Stan R op e A T 1st g 6s.. 1940
i'o o
104
In com e g 5 s ......... . . .. .1 0 4 6
84 | Sun Ok Coal 3*t g 8 1 6s.. 1912
80
Term Coal T 1)1v 1st g 6». 1917
101* 105*
Blrm D lv 1st o o n 6 s . .. 1917
104 104
Cab C M Co 1st gu g 0s..*22
B e liar C k 1 Co gu g 0s. *10
U S L oa th Co s f dob g 0 s .' 18
V t M arble le t s f fla........1910
! 89
9 5 * W est Union d eb 7e. .1875*00
90
103 | R eg istered........... 1875-1900
1 6 * 19 1 D ebenture 7 s .. . 1884-1900
108 112*1
R egistered........1884-19001
1 1 4 * 1 1 9 1 Col trust, cu r 5 s ............1988!
M ut U n T e U f ’d 6 s . .. 1911
N ortbw estern T el 7 a . . . , ’ 04i
9 8 * 9 8 * W es Mi Gaa Co c o l tr g 5s... ’ 33
W h L E & P C Co 1st g 5a.' 19
W h lte b rst F gen s f 6 s .. 1908
96
108
U. 8. GOV. SE C U R IT IE S.
U S 2s registered. .. .O ptional
U 8 4s r e g is te r e d .,. .........1907
X S 4 s c o u p o n ...................1907
j
U S 4s reg iste re d ............. 1925
U S 4s c o u p o n ....................1925
U 8 5s reg iste re d ............. 1904
U S 5s c o u p o n ....................1904
! ...................... U S 6s cu rren cy ................ 1899
U 8 4s registered certs
100 105*1
o f lndobt (C h erokee) 1899
105
102
115
^ 1
102
101
102
S T A T E SE C U R IT IE S.
A labam a—Class A 4 t o 5.1906
Sm all..................
Class B 5s....................... 1006
Class C 4s.........„. ..........1906
Currency fu n d in g 4 s ... 1020
108
B ist o f Colum bia—8 65s. 1924
L ouisiana— N ew c o n 4s.. 1914
Sm all........................ , ................
M issouri—F u n d in g. ..1894-95
N orth Car—C onsol 4 s . .. 1910
Sm all..........................................
109
6 s .......................................1919
120
So Carolina—4 * s 2 0 -4 0 .1 9 3 3
T en n—Ne w settlem ’t 3 s . 1013
Sm all.................... .....................
3.06*1' V irgin ia fu n d d e b t 2 -3 s .l9 9 1
106
R e g is te r e d ...............................
108 !
6s d eferred bonds
T rust receipts stam ped
t B on d s d u e Ju ly.
toot
oe
Bid Ask
Ill f a c e li f t a o o n it .
145
F id elity A D ep (B a lt). .50 140
G alveston W h a r f—1st 5s.
100
105&
99
G enesee F r u it............. 100
105
23
SO
G erm an A m R ea l EsLIOO
115
00
G lu co se Sug R ef-C om .100
P r e fe r r e d ................... 100 1 0 9 * 109%
G o o d y e a r S hoe M ach . .25
S7H
G orh am M fg C o-C oin. 100
90
P r e fe r r e d ................... 100 110
114
108
106
G reat Falls le e ..............100 110
125
M i s c e l l a n e o u s . P a r.
H a r tfo r d Carpet C o , . 100
101
98
A c k e r M e rrall A C o n . 100
H eck -Jon es-J M ill-P f.1 0 0
20
18
A m A i r P o w e r o f N Y . 100
1st 6s 1 0 2 2 ..............MAS
is w
A m e rlo ’n A x e A T o o l. 100
4 1 * H e r'g -H a ll-M a r-C o m . 100
A m e r B a n k N o te C o .. .50 - 41
U
P r e f e r r e d .,......... ,,.1 0 0
93
00
A m e ric a n B ra k e C o ,. 100
H o b o k e n L a n d A Im p ’ t .. 100
45
50
A m er. C a ra m e l—C o m . . . .
5s ............... ....................... 105
P r e f e r r e d ........................
97 * 1 1 0 0
Intern ation al E le v a t. 100
80
75
.1 "
A m e r G roo— 1st p re f.lO o :
A m e r S ta lt’g Co—C o m —S\e* 8 tk E x F t Internation al N a v ig .,1 0 0
52X
In te rn a tio n a l P a p e r 100 ? See St oek
P re fe rre d — See S to c k E x c h . ii st.
B x ch list.
P re fe rre d . . . . . . . . 1 0 0 )
A m P n e u m a t T o o l C o . 10 . . . . . .
B on d s 6a ................
110
109
110
A m e r P re ss A 9 so c’n . . l0 0 l 100
140
Intern ation al P u lp ... 100
A m erica n S crew ......... 250, 115
A m Sm o k e le ss P o w d . 100, .........
Iron S tea m b oa t.......... 100 t
1
55
Bs 1 9 0 1 ....................... JAJ
8
A m S o d a F o u n —C om . 100:
4
45
J o h n B Stetson—Com . 100
53
1st p re fe rre d ......... ..1 0 0
47
P r e f e r r e d .. . .............. 100 100
25
110
2d p re fe rre d ..............100
15
J o n rn e a y A Burnham . 100
22
E x l 't
P r e fe r r e d ................... 100
74
68
* • «*
170
87
K n ick e rb o ck e r l e e . , , , 100
A m erica n S u r e t y .. . . . . 50 100
43
96
B on d s 5 a ,............ ...........
40
i'oT
A m T y p e fo ’ rs—S tock . 100
L a w yers' S u re ty ......... 100 100
110
A m e r Sew ing M ach in e. .5 t
2
L a w y e rs' T itle I n s . . . . 100 153
160
A m e r S tr a w b o a r d ..,.1 0 0
29 X
L o rllla rd ( P ) —P r e f ... 100 115
118
A m e r W rin ger c o m .. .100 104
M adison Sq G— Stock. 100
5
P r e f ..................................... 114
2d 6s 19 1 9 ............. MAN
130
25
35
A m e r G ra p h op h on e— 10 125
137
40
M aine 8 S..........................50
P r e fe r r e d ...................JK> 130
10
1 2 * M orch A M in ers' S S__ 50 120
A n d e r s o n (J o h n ) T ob .1 0 0
M ech’ nical R u b-C orn . 100
10
A u to m a tic V e n d in g ... 10
15
25
P r e f e r r e d ................... 10Q
40
30
Barney&Sro C ar-C om .100
M ergouthaler L ln o t—See B osto n list
P r e fe r r e d ....... . . . . . . 1 0 0
55
M eriden B ritannia C o.. 25
97
60
0s 1 9 4 2 .......... ........JkJ
9
M ich -P e n Cur—C o m .. 100
13
B ergn A E n g Br—Set Phi 1. list.
no
P re fe rre d —Set N Y Sfcoc k E x c h.
105
lat- 6 s . . . ................. .
1 s t 5 b 1 0 4 2 ............. MAS
23
90
92
B la ck w ell's D urh T o b .2 5 1 16
102
M in neapolis Brew 1st ?8
125
Bliss Com pany—C om . . 50 no
H o s ie r S a fe C o ........... 100
105
P referred . . . . . . . . . . . .5 0 1 0 2 * 110
M on on gah ela W a te r .. ,20 *87
38
B on d A M o r i G u a r .. . 100 190
N at B iscuit—See N Y Sfco ck E x ch.
55
Carter-Grum e— P rof. .1 0 0
P r e fe rre d —See N Y Sto ck E x ch.
C ellu loid C o....................100! 64
N ational Casket C o . . . 100
Cent A m erica T r'n slt. 1OOj
80
N ational Saw—P r o f . .100
25
2
Cent Flrow 'rks—Com . 100
N ational S u re ty ......... 100
40
202
P r e fe r r e d ...................100
40
N ational W all P aper. 100
65
75
Chnteangay O re A Ir 6a *15
10
50
Chen A 6 Grain El—In c .
17W N Y L oa n A Im p ......... 100
N Y B iscu it 6a 1 9 1 1 .MAS 114
03
07
4 s . . . . * . . , .................... .
115^
370
N ew J e r Z in c A Iro n .. 100 100
C h esobrotieh M fg C o. 100 350
00
N Y A ir Brake— See N Y 8 took E
06
CJaflin (J J B ) - ls t pref, 100
N ich o lso n File Co......... 50
8Si 4
2d p r e fe rr e d ............ 100
48^
N icaragua C on stru ct. 100
C om m on—See N Y Stock K xoh.
P e ck , Stow A W ilc o x . .25 t 18
lark M ild E n d T h r'd .1 0 0 , 75
P ega m oid (All share#)
C ollin s C o . ....................100} 118
P e n n sy lv a n ia Salt M fg .50 i b V 104
2 ■ 4
C om stock T u n —1 s t Sue..,
32
C onsol 11 Oar H eating. 100
s>y>c Pen n, Steel 5« 1 9 1 7 .M AN
10
P en n . W ater—C o m . . . . 50 *10* " i & "
C onsol Firew ‘ ks-Com . 100
P h il A W ll S te a m b o a t.50 182
40
142
P r e fe r r e d ..................3 00
P n eu m atic G un Car’g o .l 0
85
Con K an C Sm elt A R e f.2 5
8
17
20
P ra tt A W illtn —C om .. 100
C onsol R oilin g S tock . 100
8
P r e f e r r e d ...................100
70
75
Cram p»’ Sb A Bh) Bldg. 100
45
50
P r o c te r A G a m b le ... .100 225
D ia m on d M atch C o . . .1 00 U O K 141
P r a fc r r e d ..................100 160
20c.
105
E n s ley L a n d ........................
R .I.I'e rk lu * H o r s e Sh.100
75
K ppens Sin A W i e t n ..l0 0
10
P r e fe r r e d .................. 100
95 1100
30
E a stm an K od a k C o.. .100
40
R ussell A E r w in ........... 25!
80
E rie A W estern T r a n s .50
S afety Car H eat A Lt. 1001 96 |102
F id elity A Casunlty.. .100 250
R a ilr o a d s
B id.
BONDS.
N. Y .S T O C K E X C H A N G E
from
Jan. 1.
W e e k E n d i n g A u g . 19 .
BUI.
A * k . L o w . H ig h .
115*
B'kJru O G m ls t e o n g J * . .'4 5 J I-N • 1 1 4 * ........ 115
01N Sale j 0 1 *
B r ’ k h iW A W l i l a t g S s-1045 F - A
01*
ah Coal M in. ^ T C l A R.
G L A C Co. St* P G A C Co.
109H F eb *97
C hic J c A St Yd c o l g 5*.. I d 1 5 J - J
C lea rf Bit Goal. St* N V C A H
TOO A u g ’ 98
C o l C A l U t « m g f li.,.1 0 O O P - A
O o i C A i I > « v c < » g u g 5 * ..i9 0 u j - j
104 Jan. *98
Ool F u el Co gen g old 6 a . l 0 1 0 ’U~N
30 M fiy’ 08
Col F A 1 Co gen * f g 5s, 1943 F - A
O olum bua Gas 1st g 5 » . . 1988 J - J
......... | 101* Apr.'OS
Coin Cable Co 1st g 4 s . .. 239 7 G - J
..........104 Feb. *98
B « l i * t « r a d ................. .. .2397 Q - J
O on Gas Co. S t f P G A C C o . ;
e Bard el C A L S*4 T C A 1.
el A 0 Can. Set H R bond*
93*
04
D etroit City Gas g 3 s . , . . 1923 J - J
04 Sale
94 A u g ’ 98
D e i Gas Co eon 1st g 5s.. 1918 F - A
IS *
IS *
D ot M AM Id g r 3 * s B A .1 9 1 1 A - I ) • 18
19
112
d El III l a t c o u v g 5s, 1910 I I - S 112 Sale 1 1 1 *
117*
1st eon g 5 $ . . . . . — . 1995 J - J * l*.7*ii.......... 1 1 7 *
11 3 * J 'n e ’ 97
B d K1 111 B ’ klyn l a t g 5 s .194 0 A - O
R e g is te r e d ................................ A - O
K r ie T A T e o l t r g s f 5 s ... 192 0 J - J ...................... 0 8 * M ar *08
K<2 Gas L N Y 1 sc c o n g 5 s . .*82 .11- S
G A F u el. See P G A 0 Co.
106
6ii E lec C o dob g 5 s . . 1 9 2 2 1 - D *103
J
......... 108
9 6 * J a n .’ 97
r R lv Coal A C l s t g 8 s ..* 1 9 A - O
G r R ap G L Co 1at g fis. J 916 F - A ......................
ack W r o o r 1st a 5s.. 1926 J - J
111
Aug* 9 7
end B Co 1st s t g fls.1931 M - S
HI Steel Co dob 5#........... 1910 .1 - J
70 A p r ’ 97
N on -con v deben 5 s . . . . 191 8 A - O
I r o n S team boat C o 8s. ..1 9 0 1 -J - J
......... 107 M ny’ 97
J e f f k C lear C & I I s t g 5 s l 9 2 6 J - I )
80 M a y '9 7
3d g 5 s ..............................1920 J - D
K C M o G as C o 1st g 5s. 1922 A - O
105
305
L a c G as-L C o o f S t L l stg 5s’ l 9 0 -F 4 104 i i 105
8m ali b o n d s ................. ...........Q u-F
102 J ’ l y ’ 97
M ad Sq G arden l s t g 8 s. 1919 M -N
M et T A T 1st a f g 5 s .. ,1 0 1 S ;M -N
R e g is t e r e d ..................... 1 91 S I1I-N
85 J ’n e ’ 97
M lcb P en Car C o 1st g 5 s .’ 42 M - S
M ut F u el Gas Co See PeopG as
M ut Un T el Co. See W n Un.
Nat. Starch M fg C o 1st g 6s "20 M -N 1 0 7 X . . . . . . 1 0 7 * J 'J y '9 8
N w pt N ew s S i D D 5 s . .1900 j - J i
N Y 4 N J T el gen g 5soy.*20|I>I-N
N Y & Ont L a n d le t g f if i j 910; F - A
N o W e stn T el eg. See W est-U u.
P e o G as & C 1st gu g 6s. 1904 M -N
107i<; J ’ l y ’ 08
2d g td g 0 s ....................... 1904 J - D
120 ' J 'ly '9 8
1st co n s o l g 6s................ 1943 A - O
R efu n d in g g 5s........... ..1 9 4 7 M - S?
R e g is tered ....................1947 M -!*
l05->4 A u g ’ 98
Ch G -L A C k e 1st g u g o s ’87 .1 - .1 ......... lOfi
........103
104 J ’ l y ’ 98
C on G C o o f C M e tg u g 5s*30 J - D
1 0 2 * J*ly *98
E g G A V Ch 1st g u g 6s. *05 J - .1 ......... 105
..............
M u Fuel Gas 1st. gu g 5.194 7 'M- N
OU TSIDE SE C U R ITIE S
[Voii. LX VII.
A sk.
N Y E l deb 5s g u M an I l y .
N o P a c ific M o D lv 1 st 6s.
P it t s b & C o n n e lls v 1 st 7s
D o con 6s g u b y B A Oj
g t P E a s t X G r T r 1st 6s.
gu bv M ilw L S A W est.
T e u n C I A B y c o u 6 s 1901
D o So P itts b 1st 1 9 0 2 ..
V ic k s b A M erid ia n 1st 6s
A?£ 5 S ft* w''* d a- l
IV*
100
6
7
i B on ds due M ay.
c o n s e c u t iv e
i B on d s d u e A p ril.
pages).
llIlMcelliinso ti s
Schwarzehild x Sulkb. 100
Sem et-Solvay d eb 5 s ..
Siim nons H ’ rdw -C om .100
P r e f e r r e d ............... 100
Singer M fg C o ............. 100
Standard O il........... .. .100
Stan. Diet. A Die.—C om ..
P r e fe r r e d ..........................
Stand U nd’ rg’d Cable.3 00
S lo ssIA S lstO s 193 7.FAA.
Southern C otton O il.. .50
Stat 1*1 R T 1st Os’ lSA & O
2d 5s 1 9 2 6 .......... .. .. J A J
Stillw -B ierce A Sxn-V.lOO
Swift. A C o ..................... 100
1st 6 s .................... .
Susq Coal 6s 1911.......J&J
T erm W areh —S tock .. 100
1st 6 s......... .......................
D ebenture fla...................
Banka.
B id.
A sk .
J B o n d s d u e January.
— RRs., BANES, MISGEL.
1 Bid
45
101
105
116
410 415
25%
75
111
88
8o
107
02
70
100
1100
115
A sk .
60
103
120
425
417
26
77
n e
85
70
80
101
10
70
70
B anka.
N . Y . C IT Y .
|
l Y I i s c c i l n n o o i i H . __
I T e x a s & P a cific C oa i.1 0 0
1st 6s 1 9 0 8 ............. A AO
T itle G uar A T r u s t ... 1 0 0 j
T r e n to n P o t t —Com ..100,;
P r e f e r r e d ................... LOO
T row D ire cto ry -N e w . 100
U n ion S w itch A S ignal.50
P r e f e r r e d ..................... 50
U n io n T y p e w r—C om . 100
1st p r e fe r r e d ........... 100
2d p re fe rr e d ............. 10 0
U S G lass—C om m on .. 100
P r e fe r r e d ......... , . . . , 1 0 0
U S P r o je c tile C o . . . . , 100
W a gn er P a la ce Cur.. .100
Wesfcixigh A ir B r a k e .. .50
W illim a n tic L in e n G o ..25
W o o l B x c h ’g e o f N Y .1 0 0
W o r th ’t ’n P ’ m p-C om .1 00
P r e fe r r e d ................... 100
B id.
A sk .
B anks.
167
150
116
352
170
50
55
102
2S5
295
5
10
35
25
35
45
65
07
110
115
8
11
99
102
00
92
27 V. 28
70
80
100
i 7&M 1 7 « V
300
24
90
B id.
300
240
85
175
250
225
130
80
110
135
140
185
Pacific*......... 180
P a rk ....... .... 310
350
200
00
270
P rod B x c h * .. 110
117
155*
180 *
170
450
115
02
250
155
206
800
170
160
800
105
102
118
12th W a r d * .. 125
23d W o r d * ... 100
220
175
W e s t S id e * .. 275
V o rk v llle * .. 170
83
155
j
140
480
147*
BR’KLYN.
B e d fo r d * . . . . 215
190
8tli W a r d * ...
750
240
235
170
M eeh A Tra* 100
3 00
80
F ir s t ..............
F irst (St Ial)
050
112
200
360
165
255
260
N at C i t y ...., 335
N orth S id e*.. 160
P e o p le ’ s* — [90
M u t u a l* ,...., 100
N assau*......... 150
N ew Am st.*.. 250
235
1000
N in th .............
! 19th W ard* .
I
104
380
180
G er A m e r * .. 90
H a m ilto n * ... 105
A sk .
101
400
220
B o w e r y " ..,..
B r o a d w a y .... 225
B u tch ’sAD r.. 60
170
265
290
8700
125
1000
187
C olum bia*. . .
C o m m e rce ... 202
1 25
275
130
11th W ard*. 225
F ifth ............ 220
110
28
93
95
345
175
[195
150
105
215
145
100
W a lla b o u t* .. 103
T ru st C os.
N. Y. C IT Y .
135
1350
C o lo n ia l,.,.,. 190
187
196
900
950
340
420
240
280
165
400
800
N Y L 1 A T r 1200
N Y Sec & T r 370
200
Real E s t T r ’ t 200 .
193
205
1030
U 8 M tg A T r. 2 8 7 * 2 9 7 *
1170
W a sh in gton . 225
B lt’ K L Y K .
390
200
405
132*
235
225
05
235
107
280
390
L Lai L A T r. 220
225
237
200
100
101
N a s s a u ......... 159
P e o p le ’s ........ 250
253
.....
155
.....
* Banks m arked w ith an asterisk (*) are State banka.
$ P u rch a ser also pays a ccru e d intereBt.
I P r ic e p e r a b a te
A ugust
20, 1898.]
THE
C H R O N IC L E .
363
Boston, Philadelphia and Baltimore Stock Exchanges—A Daily and Yearly Record.
^
S h a re P r ic e s —N ot P e r C e n tu m
S a tu r d a y ,
A u g . 13.
M onday,
A u g. 15.
•71
22*
•71
71*
23* 23*
23
23
240 240
6 6*
66 %
225 225
'1 6 5 . . . .
115 116
124 1 2 4 *
121*123*
106*109
24* 24*
40* 40*
71*
23*
23*
240
66*
225
166
115
125
123
108*
24*
40*
P r ic e s .
A C T IV E
T u esd a y,
A u g . lfi.
71*
23*
71*
23*
23*
240*
67
225
166
115*
125
123
109
25*
40*
285 235
138*139*
1 1 4 * 115
221
239*
26
26*
600
600
65* 66*
23* 23«
81
34
73
67
22
37 «
5*
27*
27*
20 * 2 0 * |
122
122*
14* 14*
-------
1 2 2 * 123
1 4* 14*
------ 50K
I
1
•1
1*
3 0 * 3 0 * • 3 0 * 31
58
•57*
58
• Bid and asked prices;
75
67
22
37*
5«
2HH 29
2 0 * 20W
1 2 2 * 123
H H 10W
•i
:h
31
30*
58
53 ,
n o sale was!
R a ilr o a d S to ck s.
B a ltim ore City P a s s e n g e r... (B a lt.) .. . 25
. 25
B altim ore C on solidated.........
“
B altim ore C o n s o lid a te d ? .. . . (P h ila .) .. . 25
B o sto n & A lb a n y ..................... ( B o s t o n ) .. .100
.100
B oston E le v a te d ..........................
“
.100
B o sto n & L o w e ll..........................
“
.100
. B o sto n & M aine............................
“
.100
1 1 8 * 1 1 9 * x 1 1 7 * 1 1 8 * Chic. Burl. A Q uin cy...............
.100
Chic. June. & U n. S tock Yd's.
“
P r e f e r r e d ...........................
“ .100
Chic. M ilw aukee & St. P a u l. (P h ila .' .. .100
. 50
C h octaw O klahom a & G u lf ..
“
. 50
..
P re fe rre d ...................................
“
.100
•51
5 1 * C onsol. T ra ctio n o f N. J .7 . . .
“
1 0 4 * 1 0 4 * Fitchburg, p r e f..........................(B o s t o n ).. .100
Ga. Southern A F lo rid a ......... (B a lt.) .. .100
.100
1st p referred ..........................
“
.100
2d p r e f e r r e d . . .. . .................
“
; L eh igh V a lle y ............................ (P h ila .) .. . 50
i M exican Central.......................(B o s t o n ) .. .100
N orthern C en tral...................... (B a lt.) .. . 50
N orthern P a c ific ................... (P h ila .) .. .100
.100
P referred .................................
“
, Old C olony..................................(B o s t o n ).. .100
.100
i O regon S hort L in e ...................
“
; P e n n sylva n ia..............................(P h ila .).. . 50
. 50
; Philadelphia T r a c t io n ...........
“
. 50
> Heading C om pa n y...................
“
1st p re fe rre d ..........................
“
. 50
. 50
2d p re fe rr e d ..........................
“
U nion P a cific.............................(B o s t o n ) .. .100
.100
P r e fe r r e d ................................
“
j Union T r a c tio n ......................... ( P h ila .).. . 50
. W est End Street.......................( B o s t o n ).. . 50
M is c e lla n e o u s S t o c k s .
282 2 8 2 * Am erican B ell T e le p h o n e ... (B o s t o n ).. .100
.100
138*141
Am erican Sugar R efining 7..
“
.100
115 115
P r e fe r r e d ? ...............................
“
. 25
2 2 3 * 2 2 6 * 223 2 * 7 * B oston A M ontana....................
“
. 25
2 4 * 2 5 * , 2 4 * 2 5 * B utte & B o sto n * .......................
“
. 25
Calum et & H e c l a .....................
“
[ C onsolidated GaS.......................... (B a lt.) .. .100
D om inion C o a l......................... (B o s t o n ).. .100
E lectric S torage B a ttery ? .. ( P h ila .) .. .100
.100
P r e fe r r e d ? .............................
“
; Erie T elep h on e......................... (B o s t o n ) .. .100
.1 0 0
i Illinois Steel...............................
“
Lam son S tore S e r v ic e ............
“
. 50
Lehigh Coal & N a v ig a tio n ... (P h ila .) .. . 50
.1 0 0
5 * M arsden Com pany ?..
•135
. .....| N e w England T e le p h o n e ....... (B o s t o n )., .1 0 0
. 25
Old D om in ion C opper 7 ..............
“
Pa. M fg. L igh t & P o w e r? . . . ( P h ila .) .. . 50
. 50
U nited Gas Im p ro v e m e n t 7..
“
U nited States O il.................... (B o s t o n ) .. . 25
W e is bach L i g h t ? ...................... (P h ila .) .. . 5
W est End L a n d .......................(B o s t o n ).. . 25
W estingh. E lectric & M f g . ..
“
. 50
“ . 50
P r e fe r re d ............................
t T r. rects. 7 Ex rights.
;
i
.
i
I N A C T I V E S T O C K S B id . A sk .I
STOCKS
B O N D S i B id . A s k .
M l SC E L L .—C on cluded .
R A I L R O A D S .—P r i c e s A u g .
In tB u tH A S M
“
10
14
2
A t T o p & S F e ..(B o s t )1 0 0
UK
........ M arsden p re f? (P h il) 1 0 0 j 35
,.3..
Atl A C h a rlotte(B a lt) 100 114
185
M e rge n th a le r.. ( B ost) 100 183
17
B alt A O h io
100
50
M orris C a n a l...(P h il) 100
B os A M aine p f.(B ost)10C
“ 100
P r e f ...................
2 7 5 '■
B o ston A P r o v .
“
100 270
O sceola M in ln g (B o s t) 25
56
56*
C a ta w issa ......... ( P h il) 50
124
P a rrott SflACop “
10
23
53
1st p r e f...........
“
50
P en nsyl S a l t .. .(P h il) 50 104
8
10
Central M a s s ...(B o s t) 100
P en nsyl S te e l?. “
100
1 7 * i 18
54
P r e f....................
“ 100
37 | 38
P r e f ? .................
“ 100
30«
Central O h io .. .(B a lt) 50
36 I 37
P h ll'd e lp h la C o (B o st) 50
C hic A W M ich. (B ost) 100
11
15
~ u llm an ’s P a- l..
100 189 1190
P
Ctt’ s St o f I n d s ? ( P h il) 100
O uin cy M ining.
25 118 ,1 1 8 *
City A S u b u rb .. (B a lt) 50
R eece B u ttonh .
155
Conn A Paasum ( B ost) 100 153
11 * 12
10
200
Santa Y sabel G
C on n R i v e r . .. .
“
100 255
5 , 5*
5
Tam arack Min.
14
25 166 j 167
11
F lin t A P ere M. “
100
U nited El S e c ..
40
50
38
P r e f....................
“ 100
135
P r e f .................
100
G ’ rm an t’ n P a as(P hil) 50
40
100
W a te r P o w e r ..
H e s to n v M A T
“
50
*
l
W elsb ach C o m ?(P h ll)1 0 0
. . . 20
P r e f .................
50
68W
10
P r e f ? .............
“
100
H u n t A Broad T “
50
30
W e stm ’ rel C o a l(P h il) 50
P r e f ...................
“
50
10
15
K C Ft 8 A M ..( B o s t ) 100
W o lv e rin e M in .(B o st) 25 . 2 6
26*
50
W o lla s to n L ’ d . “
5
1*
P r e f ...................
“ 100
54
L ittle S c h u y lk .(P h ll) 50
132
B o n d * —B o a t o n .
M aine C en tra l.(B ost) 100 180
1 5 9 * A m Beil T e l 7s. 1898 FA A * . . . .
M etrop ol S t ? ...(P h il) 100 159
56
A T A S F ge n g 4 s .'9 5 A AO j . . . .
M lneniil A S H .
“
50
54
A d ju s tm e n t g 4 s . .1 9 9 5 I . . . .
55
N esqu eh on ’ g V . •
•
50
37
B A M 8 d is 7 s .’ 02-07M AN| . . . .
35
N ew E n g la n d ..(B o s t) 100
B oston T orra'l 3 * s . .19 4 7 *109
06
111
08
P r e f ...................
“ 100
94
95
96
N orth P e n n ....( P h i l) 50
B os U n G a s l s t 5 s . ’39 JA J * 93
2d M 5 s ........... 1939 J A J 's 80
N o A W B ranch “
50
81
27
P e n n A N W ... “
50
......... I B u r A M o R iv e x 'p tO s .J A J j l l 8
N on -ex em p t 6s.*18 JAJ $107
18
......1
P h il A Erie........ “
50
P lain 4s........... 1910 JAJ $ 96
P h il G erm A N .
“
50 138W
Ch B urA N 1st 5s.’ 26 A AO | l0 7
107*
U n ited N J ........ “
100 256
257
2d M 6 s ..........1918 JA D 1104
104*
U n ited T r o f P . “
50
> ««
99
Ch Bur A Q 4 s . 1922 FA A
44*
P r e f ...................
“
50
lo w a D i v 4s. 1919 A AO Is 97
«7
W e s t End p r e f.(B o s t) 50 105
tOBM
W e s t Jer A S S .(P h ll) 50
C h icago J u n c 5s. 1915 J AJ 1114
4 ' Ch A N o M g u 5 s . ’ 8 1M A N I 58
W estN Y A P a .
“
50
3%
2
W lsco n C en tral(B ost) 100
3
C h lA W M g e n 5 s .’ 21 JA D a 7 0 *
P r e f ...................
“ 100
3
5
Con. o f V e r m ’t 5 s.’ 13 JA J • 7 3 *
123
Curr’ t R iv 1st 5s.’ 27 A A O ld ....
W o r Nash A R . “
100 120
D G R A W 1st 4s.’ 46 A AO } 87
M ISC E LL A N E O U S .
A llou ez M ln ln g (B ost) 25
D om ln Coal lst6 a .’ 18M & S $111
iH
Am R y El L t . ? .( P h l l ) . . . .
2*
2H\ E ast’ n 1st M 6sg.*06 M AS d 118%
Fr Elk AM V 1st 6 s ’ 83 end 4137
A n a con d a M in .(B o s t) 25
A n n iston Land.
U nst'p’ d 1st 6s .’33 A AO $ 1 3 7 *
A rn old M ining.
1 8 * 13W Illln Steel c o n v Ss.’ lO JAJ $ 9 3 *
25
A s h B ed M in‘ g.
D eben tu re 5s. 1913 A A O $ 92
25
2%
A tla n tic M ln’g .
27
25
2 2 * K C C A S 1st 5 s g .’ 25 A A O $ .........
B a ltic M ining.
18
25
i»W K C Ft SAG 1st 7a.’ 08 JA D $.........
Halt W □reh o’ s e(B
21
B a lt W a ra hr\'ac a lt) 20
K C F S A M con 6s.’ 28MAN|$ 103
K C M A B 1 s t 4 s ..’34 M AS J 80
B ay State G as?.( B ost) 50
lH
In com e 5s..........................!$ 34
B e r g A E n g B r ’ w (P h li) 100
K C A M R y A B 5s.'2 9 A A O $102
P r e f ...................
“ 100
K C S t J o A C B 7s.’ 07 JA J $119
B o ston E lec L t.(B o s t)1 9 0 140
B oston L a n d . . . “
10
iw L a m s’ n St’ r e S B s.’ OO MAS J.........
8
B oy lston St L ’d **
15
L R ock A F 8 l s t 7 s .’ 05JAJ|$tQl
2
C am bria I r o n ..( P h il) 50
m i
1 6 * L EA St L l s t 6 s g . ’ 26 A A O • 40
Canton Co......... <Balt) 100
7054 7 1 * i 2d M 5-0 K ....1936 A A O • ........
Cent-en M in in g .(B ost) 25
18M| M ar H A O nt 6s...'2 5 A A O $110
is *
Centra! T r a n s ..(P h il) 38
M ex Central 5a. 1917 AA O $.........
64*
D om tn Coal p f .( B at) 100 l 'l 'T ' i i i w
4s g ...................1911 JA J $ 64
14
187 |
| 1st c o n Inc 3s g non-cutn
E d ison El 111...
13
100 182
F t W ayue Elec?
2
6
2d c o n Inc 3s non-cum ..)
5
t
25
Fran klin M tn'g.
14
25
U W N ew E n g T e le 6s .’99 AA O $.........
T ren ch Bay Ld.
0 s .................... 1907 A A O $ .........
5
*
*
G eneral E le c t..
100
4IW 4154 N Y A N E n g 1st 7 s /0 5 JA J $ 1 1 8 *
P r e f .................
1st roort. 6s.. ..1 005 J AJ i$113
1-00
9P
ia.
,
45
100
4
S a le s
o f th e R a n g e o f S a le s i n 1 8 9 8 .
W e ek .
S hares
L o io e s t.
H ig h e s t .
STOCKS.
IT I n d i c a t e s u n H s t e d .
B id .
BONDS
B 0 * 1 0 n—C oncl uded.
• 05
Ogd A L C con 0s.’ 2O AA O
A sk .
15
R u tland 1st 0 s . . ’ 02 MAN $105
100
2d 5s.............. 1898 F A A $ 10 0
W e s t End St 5s. .’ 02 M AN $105
: 4 * s ..................1914 MAS T
G o ld 4 s .......... 1916 MANN
4 s ...................................1917 F A A i
119
100W
H bW
122
106*
now
118
79
H 00*
S100
»100
§ 100
xo'i
123 ,
107
..........
119
..........
tOliW
122
122
114
104
115
102W 104
70
75
45
50
43
40
103W
io iw
117
115«
108
105
115
11091
117
110
104*
91*
120
106*
115
428
146
673
848
6
663
616
12
900
,079
676
,285
,798
860
,991
,150
,112
891
66 Jan. 4
2 1 * A p r. 26
2 1 * M ar. 12
2 1 7 * Mar. 29
5 2 * Mar. 26
215 A p r. 2
160 M ar. 12
8 5 * Mar. 26
102
Mar. 14
105 Mar. 12
8 3 * A p r. 21
9 F eb . 25
2 7 * Jan. 4
37 Jan. 3
98 M ar. 28
2 7 * M ay 9
84 M ay 25
55 M ay 3
1 9 * Ju ly 22
4 * A p r. 6
7 6 * Jan. 14
19 Feb. 24
5 7 * M ar. 26
1 8 5 * Mar. 16
18 Jan. 4
5 5 * Mar. 12
77 Mar. 25
7 13-16 M ar25
1 8 * Mar. 26
9 * Mar. 25
1 6 * Mar. 25
47 Mar. 25
1 2 * Jan. 3
78 M ar. 25
266
,650
479
,262
,720
58
,016
,885
,540
,889
,220
,257
56
367
,252
20
,090
,645
,866
,275
355
53
645
87
238
107*
103
149*
18*
489
52*
14
18*
21
59*
44*
20
37
5
120
21*
6
97*
10*
33*
1
20*
50
Mar.
Mar.
Mar.
Jan.
Mar.
Jan.
Jan.
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Ju ly
M ay
Mar.
Jan.
A p r.
Feb.
Feb.
Feb.
Jan.
A p r.
Apr.
J 9 11
7 5 * Feb. 11
2 4 * F eb , 14
2 4 * Feb. 23
250 A u g. 9
* Ju ly 12
226 A u g. 18
1 7 1 * Jan. 7
1 1 9 * A u g. 18
1 2 6 * A u g. 18
1 2 3 * A u g. 15
111% A u g. 19
2 6 * A u g. 17
4 1 * A u g. 17
53 A u g. 11
106
A u g. 9
3 9 * A u g. 10
91
A u g. 17
70 A u g . 18
2 6 * Jan. 3
6 * Jan. 12
83 J u n e 30
3 7 * A u g. 16
7 6 * A u g. 16
195 Ju ly
9
35
A u g . 18
6 0 * Feb. 7
9 4 * A u g . 11
1 1 * Jan.
6
27 1-16 Feb. 3
14 9-16 F eb . 5
2 8 * A u g. 16
6 5 * A u g. 16
2 1 * A u g. 19
8 7 * A u g . 11
285
A u g.
1 4 5 * June
1 1 6 * Jan.
2 2 9 * A ug.
2 8 * Feb.
3 ,600 A u g.
66% A u g .
2 4 * June
3 7 * A u g.
4 2% A u g.
75 A u g .
6 8 * A ug.
2 3 * June
4 3 * Jan.
11% Jan .
144 A u g .
3 2 * Mar.
2 0% A u g .
124 A u g .
15% A u g.
6 2 * July
1 * Jan.
3 1 * A u g.
5 8 * A u g.
10 1-16
BONDS
B a l t i m o r e —C o n clu ’ d. I
W e s t N C co n 03.1914 J& J
j W e s t V a C A P ls t 6 g /l 1JAJ
W ilC o lA A u g 0s. 1910 JA D
W ll A W e ld 5s.. 1935 JAJ
B o n d s —B a l t i m o r e .
A tl A Ch 1st 7s. 1907 JAJ
A tlG -L lg h tl st5s 1917 J A D
Balt B elt 1st 5s. 1990M A N
BaltC P a sls t 5s. 1011 MAN
Balt F u ndg 5s. 1916 MAN
E x ch an ge 3 * s .l0 3 O J A J
B altA O hlo 4s g. 1935 AA O
PittsA C on 5 g. 1925F A A
Stat Isl 2d 5 g. 1920 JAJ
R e ce ive rs ce r tif 0S.JAD
D o M aryland C on str 5s.
D o P ittsb A Con 5s.JAJ
D o Main L ino 5 s ..
B A O S W ls t 4 * g. 109OJAJ
B a ltA P lstO sm l 1911 AAO
1st 0s tunnel 1911..JAJ
Bal T ra c 1st 5s .l9 2 9 M A N
E x t A Im p 0s. 1901 MAS
N o B altD lv 5s. 1042.)AI)
C on v’ rtible 5sl9O 0M A N
; C apeFA YsrA 6g.1916.JA D
! 1st 08 ser B ..1916 tr rec
1st 6s ser C..1910 tr rec
Cent O hio 4 * s g / 3 0 MAS
Central R y 0 s ... 1912 JAJ
Consol 5 s . .. .1 9 3 2 MAN
E x t A Im p 5s. 1932M AS
I CharlC A A extSs. 1910 J AJ
: Chesap G a s 0 g .. 1900 JA D
CityASub lst5 s.192 2.JA D
|C olA G rn vlst5-8 .101 7J AJ
Consol Gas 6 s .. 1910 JA D
5s......................1930 JA D
G a A A ia ls tp f5 s l9 4 5 A A O
GaCar AN 1st 5 s g. 1920J AJ
G e o rg la P lst5 -0 s 1922JA J
G aSoA F la ls t 5 s .l9 4 5 J A J
Lake R El ls tg u 5 s ’ 42M AS
M ac AN 1st 4 * s . l 9 9 0 MAS
M etSU W ash) 1st 5a’25 F A
N ew Orl Gas 1st 5 s ...V a r
N o rth C e n t4 * s . 1925A AO
0s 1 9 0 0 ..................... AA O
0s g o ld 1900 ........... JAJ
8s 1 9 0 4 .......................JAJ
Series A 5s 1926...... JAJ
Series B 5s 19 2 0 ....JAJ
O hioAM 1st73D 1905M A N
PittsA C on 1st 7a 1898JAJ
P itt Un T rac 5s. 1997 JAJ
P otom V a i 1st 5s. 1941 JAJ
Sec A vTn ( P itts ) 5s’ 3 4J AD
, Seab A R oan 5s. 1926 JAJ
V irgM id 1st 08.1900 MAS
2d series 6 s .. 1911 MAS
3d series 6 s .. 1916 MAS
4th ser 8-4-5s. 1921 MAS
5th series 5 s .t9 2 6 MAS
Va (State) 3s n e w /3 2 J A J l
Fund deb?2-3s. 1991 JA J
V a A T e n n 2 d 5s. 19 0 0 JAJ
8s...................... 1900 JAJ
100
207
878
98
041
119
83
793
279
176
600
235
337
970
111
109
.........
1 17W
105 1
01W
107
115W
n o w iiB W
100
112
105
104
1 1 aw
117
117
1 0 7 * 108
10 8 W
10 19 4 104W|
111
104
104W|
112
110
114W
00
81
84 |
75W!
100
......... 1
15
6
6
16
2
13
18
8
2
2
16
19
8
7
11
17
2
5
8
18
5
3
18
10
B id . A s k .
1 1 4 * 110
109*
108
115
115*
B o n d s — P h ila d e lp h ia
A tl C ity 1st 5 s g ./1 9 M AN 107
Buffalo R y co n 1st 5 s . . ’31
Cataw issa M 7s. 1900 F A A
C h esA D C a n ls t 5 s /1 0 JA J
52
C h oc Okla A G p rior lien 6s
G eneral 5 s . . . . 1919 JAJ T o o * 101
C lt’s’ St R y (I n d )c o n 5 s /3 3
80
C o lu m S t R y l s t c o n 5 s / 3 2
Colum O Crosst l s t 5 s . / 3 3
Con T ra c o f N J 1st 5 s ./3 3 1 "7
107*
D el A B Bk l s t 7 s . ’ 05 FA A 118
E a stA A 1 st M 5s.’ 20 MAN 1 0 9 *
E d ison E le c 5s stk tr e tfs . 110
E le cA P e o p ’ s T r stk tr c tfs
95* 95*
E lm A W ilm I s t 0 s /1 O J A J
In co m e 5 s . .. . 2802 AA O 1 0 5 * .........
Eq 111 G as-L 1st g 5s. 1928 1 0 6 * 107
H e s to n v M A F co n 5 s /2 4 114
H A B T o p co n 5 s /2 5 A Y O 1 0 4 *
In te rn a l N av 6 s ........1900 100
K C Sub B l s t 6 s . / 2 0 JA D
103
K C P A G 1st 5s..’ 23 AA O
7 7 * 78
L eh igh N av 4 * s . . ’ 14 Q-J 110
R R 4 s g ........... 1914 Q -F 105
C onsol 7s....... 1911 JA D
G en M 4 * s g . .1 9 2 4 Q -F
95*
L eh V C’l 1st 5s g .’ 83 JAJ
95
L e h Val e x t 4s.. 1948 JA D 111 *
2d 7s...............1910 M AS
C on sol 0s....... 1923 JA D
A n n u ity 0s...............JA D
N ow ark Pass co n 5s. 1930 114
N Y P h A N o rls tG s /2 8 JAJ
N o P en n 1st 4s..’ 36 MAN 112
G en M 7 s ......... 1903 JA J 113
115
P en n gen 0s r ... 1 9 10 V ar 130
117*
C onsol 0s c . .. .1 9 0 5 V ar
C onsol 5s r ___ 1919 V ar
C ollat T r 4 * s g .’ 13 JA D
P a A N Y Can 7s..’ 06 JA D
Cons 5 s .........1939 AA O
Cons 4 s .........1939 AAO
P en n Steel l s t 5 s /1 7 MAN
95 P e o p le ’ s T r tr certs 4s.’ 43 104
P erk iom l s t s e r o s .’ 18 Q-J 102
P h ila E le c gold tru st ctfs 1 0 3 * 10SW
P h A E r ge n M 5 g /2 0 AA O 119
n «W
G en M 4s g . .i 9 2 0 AAO
.....
P h A R ead 2d 5s.’ 33 AA O 125
Consol M 7 s .. 1911 JA D 13191
123
C on M 6s g . .. 1911 JA D 122
E x t Im p M4s g / 47 AA O 103W
Con M o f ’ 8 2 4 s / 3 7 JAJ 102%
10-yr s f 5s g.1902 FA A
Term inal 5s g.1941 Q -F 11SW
P W il A Balt 4s. 1017 AA O
C ollat trust 4s. 1021 J A J 108
P itts C A S tL 7s. 1900 FA A 105
84W
84
R ead Co gen 4s, 1997 JAJ
R och ester R y co n 5s. 1930
S c h R E S id e ls t5 s g ’ 35JA D 105
U nion T e rm ’ l ls t5 s .F A A
..........
U nited N J 4 s .. 1 9 4 4 MAS
U nT racP itts gen 5s’ 97JAJ 1 0 4 *
SA n d a ccru ed interest.
? Unli Stud.
•Price includes overdu e co n 00 n«.
864
THE
|uucstm eut
Eailraad |utcllig en ce.
A.ND
C H R O N IC L E
fVot,. LX* II.
L a te s t O ra sa E a r n in g s .
Ho ad s.
IW eeko r M o \
1893.
.
1897.
J a n . 1 to L a t e s t Date*
1898.
1897.
jg
t
S
S
2,237
3,064
iron Railway... (July..........
28,806
20,250
Jack. T, * K T Juno . . . . . .
V
23,633
188,036
30,653
165,311
Kanttw’u*Mien 2dwk Aug
8 ,3 1 8
10,077
330.891
315,177
116,080 2,732,796 2,590,470
K.C.F.8 0 0 UAM .! -ITliwkJuly
94,471
23,831
K.O.Mem.A Bir. -uhwkjuiy
21,592
852,726
053.944
25,775
Kan. C. N, W .... July. .......
21,754
195,181
187,043
5,310
Kan. City AUui. lstwkAug.
4,637
143,439
139.496
64,793 1.925,880 1.207,615
The following table shows the gross earnings of every K. 0 . Pitts. AG . gdwkAug.
39.295
•8,623
'10,889
Kan.C.8 ub.Belt SdwkAug.
■289,021
*218,282
s t e a m railroad from which regular weekly or monthly returns
13.370
10,360
Keokuk A West r IstwkAug,
316.735
315.945
can be obtained. The first two oolumns of figures give the L. Erie * West, 2dwkAug.
68,650
67,860 2,044,085 2,043,834
gross earnings for the latest week or month, and the last two Lehigh* Hud.. J u l y .......
36,632
31,797
210,09-1
200,547
oolumns the earnings for the period from January 1 to and Lehigh Val, RR. Juno . . . . . 1,492.659 1,418,186 8,429.587: 8,142,523
LeU. V. Coal Oo. June....... 1.155.950 1,233.520 6,491,127 6,378,075
including such latest week or month.
18.849
17.737
LeX'gtOn&East. June.......
105,802
104,811
T he re tu rn a o f the s tr e e t railways are b r o u g h t to g eth e r sep
528,470 525,925 2,366,013 2,207,798
Long lslandRR. July.........
481,799 472,635 1,936,982 1,704,740
Long Is. System. June.......
a r a i e l y on a s u b seq u en t p a g e ,
11,419
10,416
Los Ang. Term.. July .......
19,506
51,168
41,012
47,071
818.53S
L a te s t G r o s s E a r n in g s ,
778,684
J a n , 1 la L a t e s t D a te . Louis. Ev. A8 t. L 1thwkj uly
I.OU. 1f. & St. L .. JdwkAng.
10,391
8,571
299,35 i
275,293
R oads
Loulsv.&Nashv. idwkAug. 383,550 400,117 13,507,867 12,380,904
W eek or Mo
1897.
1898. | 1897.
1898.
Macon * Blrm.. July..........
4,280
4,550
30,423
32,673
15,879
12,103
Manlstlquo....... July............
71,816
9
76.197
»
1 &
8
i
87,098 [Mexican Oont.. ‘ dwkAug. 243,876 210,103 8,223,292 7,959,567
10,5671 15,993
Adirondack...... M a y ..........
95,916|
271,929 230,829 1,665,972 1,512,766
,
940,242 Mexioan Inter’ 1 June____
32.387i
Ala. Gt. South.. 2dwk Aus.
30,737 1,034,568
111,886 114.33s 3,740,904 3.662.005
285,482 IMox. National 2dwk Aug.
80,652
Ala. Midland.... M a}*---- 338,297|
55,568
44,352
Mex, Northern . May..........
48,715
228,793
271,749
Ala. N. O.Tex, A Pao. Jane.
78,300
73,500 2,402,600 2,161,500
715,705 IMexloanR'wav WkJuly30
N OrJ. & N. E July.......... 109,135
98,163
800,216
19,940
19.147
Mexioan So.......Itiiwkjuly
395,222
315.752
420,333
A la . A V lcksb . J u ly .
43,870
39,138
378,488
45,114
42,081 1,238,91s 1,170.623
44,790
290,310 Minneap.&St.L. 2 dwkAug
V i c k s . S h .* P . J u ly .
375,465
39,185
68,637
72,774 2,186.30" 1,990,813
Allegheny V aL. June . . . . . , 221,764 219.887 1,268,622 1,151,734 M. S t P. AS.Bt.M. IstwkAug.
24,752
772,880 Mo. Kan.’& Tex 2dwk Aug. 176.342 183,432 6,111,540 6,132,736
Ann Arbor.........2dwkAug.
23,623
882.825
Ark. Midland... June.
5,950
11,467 Mo.Pae.&Iron.M 2dwkAug. 470,000 503.000 15,197,114 13,523,312
8,301
55,068
27,000
31,000
CentralBr'eh. 2dwkAug.
798,354
621.496
Atoh.T. AS.Fe.e June......... 3,000,500 2,718,021! 18,7S8,338 16,081,000
503,00.
534.000 15,995,468 14,141,808
Total............ 2dwkAug.
A tlan ta* Char. May.......... I 124,590
682,954
121,425!
668,297
4,282
5,187
196,337
A tl.Knox.AN o. July..........
24,218
149,771 Mobile & Blrm.. 3d wk J uly
166,247
24,558
176,461
41,o54
A tlan ta* W. P. May..........
226,276 Mobile * Ohio.. July______ 339.700 299,143 2,411,644 2,176,172
39,283
233,638
108.700 112,900
870,889
783,190
Atlan. & D anv.. IstwkAug.
9,790
9,612
313,391 Mout&Mex.CPf. July..........
329,953
Austin&N’westiMay..........
9,542
75,211 Nash.Ch.ASt.L. July.......... 549,531 480,278 3,285,251 3,030,378
10.914
52,380
0,163
3,777
20,338
13,612
Balt. & Ohio___;Juno.......... 2,328,015 2,708,798 13,548,023 12,068.709 NevadaCentral. M ay..
Y .tV & H .R ,. July..
3,298,217 3,632,250 25,4 70,640 24.973.926
Bal. AO.Sou’w. 2dwkAug. 132,768 128,979 4,155,500 3,700,762 N .
87,333
86,295 2,257,080 2,348,791
Bath AHam'nde June.........
1,459
10,181 N. Y. O n t.A W .. 2dwkAug.
1,586
10,037
185.850 181,922
863,250
826.663
Blr. A Atlantic. July...........
1,592
11,979 N. Y. Susq. * W. May.___ „
1,560
14,346
Brnnsw'kAWes; May..........
47,207
224,910 Norfolk*W est. IstwkAug. 215.302 219,356 6,510,284 6,107,155
47,192
236,740
3,980
24,630
3,505
Buff.Rooli-APitt 2dwk Aug.
74,921
19,971
66,081 2,292,050 2,010.961 Nortlies’nfGa.). Anrll..
50,230
162,076
45,870
270,009 Nortko's’n(S.C.) March
Buffalo A 8uflq.. June.........
52,716
160,159
48,867
268,802
507.302 472,276 3.012,494 3,020,391
Bnr.O. Rap.AN. IstwkAug.
86.3S0
72.915 2,318,229 2,235,917 North’nCentral. June ..
OanadlanPaeiflo;2awkAug. 484.0(0 499,000 14,572,019 12,805,693 North’n Paellio. IstwkAug. 456,545 388,857 12,594,645 9,845,041
23,153
19,728
527,245
520,999
9,300
Car. Midland.... |July..........
5,788
33,549
30,233 Ohio River.........IstwkAug.
12,923
12,665
112,971
99,326
Cent.of Georgia 1stwkAug.
88,125 J86,263 2,991,167 2,825,847 OhioRlv.AOhas. July..........
2,800
12,255
1,901
10,809
Central o t N. J.. June......... 1,054,068 1,026,083 5,747,817 5,526,598 Ohio R iv.*L ,E . May..........
45,220
360,183
48,381
Central ~ •" - May
Pacific.
358,052
~ ‘
1,474,335 1,044,817 6,062,410 4,728,357 Ohio Southern.. July..........
14,246
158,552
11,533
Charlest'n&Sav May...........
114,754
58,795
324,277
293,497 Om.Kau. O.A E. 2d wkMoh.
53,356
99,400 3,922,232 2,506,600
Clias'n A W.Car. March.......
87,529
79,564
241,188 Oreg.RR.&Nav. IstwkAug. 144.459
260,457
601.303 586,479 3,053,453 2.706.005
1,529
Okattan’ga So.. 2dwkAug,
46,411 Oreg. Sk. Line.. June____
1,384
42,855
Ches. & Ohio.... 2dwkAug, 206,844 224,146 7.107,564 6,755,643 Pao, Coast Co.. June......... 439,131 311,908 2,731,643 1,608,595
406,409 393.132
Chic.Bur. & Q.d June .
3,192,949 3,022,133 19,851,751 16,941,847 Paolflo Mail____June..........
Chic. AEast.lU . 2dwk Aug.
81,282
73,283 2,482,462 2,331,461 Pennsylvania*. June......... 5,248,435 5,185,335 31,363,511 29,589,511
20,215
521,137
21,459
Ohio. Gt. West’n 2dwk Aug. 104,027
97,794 3,186,968 2,863,094 PeonaDeo.&Ev. 2dwkAug.
539,345
60,427
313.937
52,149
Chic. Iud. & L .. 2dwkAug.
67,403
68,741 1,954,597 1,822,026 Petersburg....... June..........
311,713
l,8 6 i,x 0 7
Chio.MMASt.P. 2dwkAug. 623,207 586,995 19,542,539 17,649,343 Pklla. & E rie... June......... 363,218 373.555 1,883,22:
Chio.AN’tliw'n. June......... 2,995.SS4:2,914,527 16,994,655 14,336,809 Plilla. * R e a d ... May.......... 1,697,546 1,613,102 8,280,405 7,719,901
Coal & I t. Co . May......... 1,802,851 1,637,609 7,931,568 7,186.362
50,873
53,719
Chio.Peo. ASt.L. July..........
458,716
486,908
Tot. both Go’s, May......... 3,500,397 3,250,711 16,211,973 14,906,263
Ohio.B’ k I. & P..I June......... 1,576,709 1,385,015 9,352,636 7,862,376
56,852
58.348
304,632
Chie.St.P.M.AO. June......... 614,141 635,588 3,724,546 3.446,865 Phil. R. & N. E. June .
287,859
*
>
896,717 752,417 4,641,183 4,276,083
Ckle.Ter.Tr,RR.;2dwkAug.
24,043
21,539
708,047
647,069 PhlL Wllin. & B. June . . . .
Pitta. C.C.*St.L. J u l y ........
1,231,892 1,171,245 8,771,176 8,009,418
Chio. * W. Mich, -sthwkjuiy
44,526
40,862 1,004,378
878,487
3,378
25,476
2,648
Choo.Ok.&Gulf. June.........
98,429
60,846
477,445 Pitts.Llsb.* Wn J u ly .....
25,486
739,873
146.201
648,736
60,963
Cin.G.APorts'thl July..........
5,488
5,577
326,002
32,444
33,427 Fitts.Bes.&L.E, J u ly ........
35.5a2
33,211 1,073,304 1,024,182
Cln.N.O. A T .P .lJu ly.........
399,934 312,602 2,588,416 2,031,839 Pitts. * Wes’n.. 2dwkAu^.
Pltta.GL&ToL 2dwk Aug.
21,324
17,602
646,536
Cln.Ports.AVir. March.......
22,716
19,412
61,408
52,283
504,691
Pitts. Pa. * F.. 2dwkAug.
8,877
212,111
7,879
Clev.Can. & So.. IstwkAug.
13,025
8,933
200,371
362,565
408,997
Total system. 2dwkAug,
65,793
58,692 1,938,097 1,734,959
Cl.Cin.Cb.ASt.L IstwkAug.
262,661 277,780 8,261,778 7,805,128
148,885 182,520
714,387
Peo. & East’n. '4thwkJuly
41,006
40,053 1.036,454
583.313
927,901 Plttsb.Yo. * A . . June___„
88,669
06.182
445,087
Ol.Lor. * Wheel. 2dwk Aug.
29,779
22,076
898,453
372,347
733,988 Rloh.Pr'kslnfcP. Juno
31,254
37.774
204,124
140,953 143,507
CoL Midland.... July..........
178,520
910,109
938,649 Rich.* Petersb. June.........
37,065
28,613
175,562
Col.H. V .A T o l. July..........
202,516 155,980 1,427,665 1,271,108 Rio Grande Jot. June.
133,463
9.737
276,352
7,269
Col. Sand’y A H . 2dwkAug.
21,004
8,586
219,882
419,501 RioGrande So’n 2dwk Aug.
494,313
58,600
62,000 1,934*658 1,578,294
Colusa* Lake.. jJuly..........
1,300
2,155
9,850
10,955 KloGr'de West. 'JdwkAug.
25,291
699,893
Crystal................June..........
868
1,215
26,261
635,865
7,166
5,658 S t.J o s.*G r .l... 2dwkAug.
27,998
22,659
OumbTd Valiev June.........
76,111
82.797
186,739
164,951
388.721
360,226 St. L.OU1.& 8C.P. July..........
.Denr. & Rio Gr. 2dwk Aug. 165,200 148,300 4,877,057 4,141,855 St. L.Ken’e t* So'July..........
6,677
36,135
6,126
31,118
DesM. A K anC . IthwkMoh
4,433
4,536
41,212
37,248 St.L.&SanFran. IstwkAug. 121,993 122,423 3,921,964 3,505,913
85,558
81,82,' 2,935,927 2,534,261
Dea M. N. & W .. I
July...........
35,067
35,485
228,452 8t.L.8outhwest. 2dwk Aug.
294,686
125,683 126,183
DetG.Kap.&W . itlnvkjnly
29,839
29,366
811,567
778,360
814,521
693,476 St. Paul & D ul.. July........
129,209 144,858
761,582
Det. * LlmaNo. ,2dwk Aug.
8,889
6,509
257.721
777,254
137,224 8an.Ant. & A .P May..........
DeLA MackinaeMay....... .
51,747
42,180
85,491
454,123
87,684
232,014
213,840 SauFran.AN.P. July..........
422.313
15,072
Duluth S.S.AAtl IstwkAug.
39,690
38,491 1,063,481
13,220
422,448
368,026
9cO,493 S. FePres. &Ph. 2d wk July
ElglnJot-AEast. July..........
98,814
90,037
426,269 278,243 1,579,076 1,408,320
851,948
654,786 Sav.Fla.*West. May....... .
Brie....... ........... . May........... 2,826,328--------------- 12,706,698 11,989,311 Sher.Shrev.&So. ithwfcjuly
145,269
5,842
2,826,328 2,716,875!
141,370
6,998
4 2 ,130
Eureka Springs.!.June___ __ j
4,338
22,915
104,624
25.9241
4,670
28,798 Sll.Bpre.O. & G. May....... .
86,925
Silverton.......... July............
KvanB.&Ind'pll.“s2dwk Aug,|
7,065
1,400
6,054
177,914
7,997
171,500
Kvansv.A T. H .2d w k Ally.
25,716
16,955
20,763
717,803
26,920
111,981
100,871
643,083 Sioux C. & Nor. June.........
Fitchburg............ Juno.........; 561,663
3,100
2,535
12,454
696,437 3,392,613 3,278,360 So.Haveu&East Juuo.........
10,788
Flint * P. Maril. j2dwk A u g.! 55,626
54,406 1,754,741 1,834,350 So. Pacific Co. Gal.Har.&B.A May..........
474.441 337,937 2,249,969 1,810,574
Fla.Cent.* Fen.llJstwkAug.
62,171
36,772 1,850,04
1,401,044
Loula’a. West. May..........
99,832
Ft.W’thADen.C. TstwkAug.
26,616
70,941
506,952
755,500
26,980
406,340
617,236
F t.W ,* B lo Gr 2dwkAug,j
5,17lj
Morgan'sL&T. May..........
490,330 383,273 2,524,572 2.076,954
264,044
4,589
171,384
22,495
N.Y. T. * Met Muy..........
Gads. A AtL U July...........j
024
23,341
4,266
125,516
723
116.751
5,103
Georgia KK.......2dwk Aug. |
Tex. A N.OrL. May..........
24,609
133,264 118,957
657.848|
903,109
21.589
634,285
879,451
Atl. Prop’tes.6 May.......... 1,235,370 944,565 6,177,909! 5,128,068
Georgia * A la .. IstwkAug.!
27.394
710,084
17,548
592,243
Ga.Car'laANo. June.........!
52,919
So. Pao. of Cal. May..........
945,835 789,270 4,532,029, 3,753,930
57,633
403,494
427,609
So.Pao.ofAriz. May..........
288,323 212,838 1,470,631 1,062,817
Geo, So. * F la.. July..........
89,531
76,622
571,750
483,549
SO.Pac.olN.M. May..........
161,699 126,870
Gr.Bap. & Ind-. 2dwk Aug.
46,799
42,614 1,266,813 1,151,017
734,378
576,007
Cln.lt * Ft.IV. 2dWk Aug.I
9,024
Northern Ry.. May..........
202,800 172,722
269,596
7,931
884,268
241,721
787,761
Paellio system May.......... 3,511,737 2,651,238 15,487,994 L2,220,807
Traverse City. 2dwk Aug.
681
25,118
845
23,651
Total of all./ M ay.......... 1,955,915 3,807,307 22,971,098 1S;609,936
M o a G .B . *I.!2dW kAug,i
2,664
73,955
2,450
67,329
Tot allllnes, 2dwkAug.' 59,768
53,743 1,635,481 1,483,714 Southern Ry.;/.. 2dwk Aug. 442,987 346,340 12.937,510 11,621,988
Memphis IHv. IthwkJ'no
32,175
Gr.Tr’nk Sy st’m 1
IstwkAug. i 427,393 444,339 13,667,891 12,865,942
31.455
738,194
631,292
4,137
Chie.AGr.Tr. Uhwkjuiy
84,280
3,789
78,63d 2,133,206. 1,694,336 Stony Cl. &0.Mt. J une.........
9,794
9,814
4,953
Det.Gr.H.&M. 4thw)tJuly|
27,178
4,207
152,407
002,553
25,107
537,726 Texas Central.. IstwkAug.
126,539
TexasAPacille. 2dwkAug. 101,260 122,470 4,200,868 3,748,034
Great Nortk’n—
4,198
St. P. M. & M. July.......... 1,410,375 1,447,002 9,269,148
2,960
24,971
7,575,015 Tex.S.V.& N.W. July..........
18,154
East of Minn. July..........
213,346 105,589
930,222
34,665
835,554 Toi. * Ohio Cent. 2dwkAug.
20,784 1,087,151
967,773
17,906
Montana Cent July.......... | 165,290
166,229 1,184,003 1,127,588 Tol. P. & W est.. IstwkAug.
17,113
551,293
507,604
48,447
Tot-system. July.......... 1,789,011 1,778,820 11,363,373 9,538,157 Tol.St. L. * K ,C 2dwk Aug.
49,643 1,304,335 1,322,807
GUI B’mntAK.O. July..........
17.944
12,802
08,258
71,413 Union Pao. RR.. Juno......... 1,385,445 1,260,931 7,670,579 6,736,832
74,212
62,119 2,163,664 1,930,367
Gulf AChicago. July..........
2,919
2,851
26,289
23,548 Un.P.Den.&G.. IstwkAug.
Hoos.Tan.&WU. July..........
4,439
5,226
28,866
278,483 8,012,484 6,889,472
29,625 Wabash............. BdwkAug. 282,504
Houa.&Tex.Cen May.......... i 178,339
179,227 1,108,857 1,102,773 Waco ANorthw. Juno.........
9,221
12,130
78,751
97,518
Illlnole Central 1 July.......... 12043056 11984075 115273575 112685769 W.Jeraey&Bea'e June......... 229,924 225,285 1,058,751 1,027,128
95,572
Ind.Dec.AWest. April........
85,760
32,218
140,363
98,239
137,484 W.V.Cen.&Pitts May..........
Ind. 111. * Iowa. June.........
58,253
52,509
444,483
31,307
33,823
393,072 WestVa.A Pitts. May..........
160,559
151,705
48,166
lo.ftGt-North’n. 2dwk Aug.! 49,241
59,406 1,031,382 1,878,343 Western of Ala. May..........
40,214
259,731
257,170
88,200
lJnteroc. (Mex.) WkJuly3o!
51,300
47,970 1,862,300 1,538,410 West.N.Y.&Pa. Ubwk.luiy
96,300 1,656,313 1,561,866
J,.wa Central... 2rlwk Aug ’ 42,432
38,418 1,114,911
fe
31,331
15,307
958,449 Wheel. < L. Erie IstwkAug.
838,058
579,169
RAILROAD EARNINGS.
*
A ugust
20, 1898. J
THE
Latest Gross Earnings..
Week o r Mo
W ilk e sb .A E a st.
W il. Col. A A u g.
W iscon sin Cent.
W rights v . A Ten.
T o r t S outhern
A p r il.........
M a rc h ........
2dw k A ug.
J u n e .........
J u n e .........
1898.
34,4 97
6 9 .2 7 0
9 6 ,7 4 4
5 ,3 6 4
5,786
C H R O N IC L E
\Jan. 1 to L a te s t D a te.
1 89 7 .
$
2 7 ,4 3 3
5 6 ,1 8 0
92,1 63
5 ,8 2 6
5,231
1 89 8 .
1897.
$
; Mexican currency.
» C o v e rs resu lts o t lin es d ir e o t ly o p e ra te d ea st o l P ittsb u rg .
Latest tfro-n S ira U g s by Keefes —The latest weekly earni ags in the foregoing are separately summed up as follows:
For the second week of August our preliminary statement
coders 52 roads and shows 1*84 per cent increase in the
aggregate over the same week last year.
A la b a m a G t. S o u th e rn ...
B alt. A O h io S o u t n w e s t..
C an adian P a c i f i c . . . .
C h a tta n oog a S o u th e rn ..
C hesapeake A O h i o . ...
C h ica go a East. Illin o is
Ohio. G reat W estern.......
C h ic.In d ia n ’ lis A L ou is v.
C h ica go M ilw. A S t. Paul
C hic. T erm . T ra n s fe r . . .
C lev. L ora in A W heel’g . .
Col. S an d usk y A H o ck ’ g .
D e n v e r A R to G r a n d e ...
D e t. A L im a N o rth .......
B va n sv. A In d ia n a p olis.
E v a n sv . A T erre H a u te..
F lin t < P ere M arquette..
fo
F t.W o rth A R io G ra n d e.
G ran d R apids & Indiana
Ciu. R ich . A B't. W ayne
T ra v e rse C m ..................
M usk. G r. R ap . A I n d ..
In te rn a tion a l A G t. N o ..
I o w a C e n tra l____ ________
Canawna A M ich ig a n ___
C an . C ity P lttsb . * G u ll
K an. C ity S ub. B e l t . . . . . .
L ake E rie A W estern .......
L o u is v ille H e a d . A 8t. L ..
L ou isville A N a s h v ille ...
M e x ica n N a tio n a l............
M in n eap olis A 9t. L ouis.
Mo. K a n sa s A T e x a s .......
M o. P a oiflo A I r o n M t . . .
C eutral B ra n ch .............
B Y. O n ta rio A W esteri
f.
P e o ria D ec. A E v a n s v ...
P ittsb u rg & W estern .......
R io G ran de S o u th e rn ___
R io G ra n d e W estern .......
8t. J o se p h & G d. Isla n d
St. L o d I s S o u th w e s te r n .
Southern R a ilw a y .. . . . . .
T o le d o A O hio C e n tra l..
T o le d o St. L. A K a n .C ity
W isoonsin C e n tra l___ . . .
T o ta l (52 road s) . . . . . .
N et in cre a s e (1*84 o. o.)..
1898.
1897.
*
32.3 87
2 4 ,7 5 2
132 ,76 r
7 4.9 2
4 3 4 .00 0
1,529
206.844
81,282
104,027
67,4 03
6 23.207
24,043
29,779
21.0 04
1 6 5 ,20u
8 ,8 8 9
7,005
25.7 16
55,62b
5,171
24,609
4 6 ,7 9 9
9,624
681
2 ,6 6 1
49.241
42,432
8,34>»
5 9 ,2 9 5
10,83503.650
8 ,5 7 J
3 8 3 ,55 0
213.871
1 1 1 ,9 8 6
45.114
170,342
470,001
27.000
87,333
20,215
65.793
9,737
58.60C
25,291
8 5 ,5 5 3
412 ,93 7
1 0 1 ,2 6 0
34.5 65
4 3 ,4 4 7
232.504
96,744
*
30,7 37
23,6 23
1 28 ,97 9
66,081
4 9 9 ,0 0 0
1.334
2 2 4 .1 4 6
73,2 83
97,794
68,741
5 36 ,99 5
21,539
2 2.0 76
8 ,586
149,3 10
6 ,5 0 9
7 ,9 9 7
2 6 ,9 2 0
5 4,4 06
4,589
2 4 ,5 8 h
42,514
7,934
845
2 ,4 5 0
59,496
38.418
10,077
04,7 93
8 .6 2 3
6 7 ,8 6 0
10,391
4 00 ,11 7
216 ,10 3
1 14 ,39 6
42,0 31
1 83,433
5 0 3 .00 0
3l,00C
86,295
21,4 59
58,6 92
7 ,2 0 9
62,6 00
26,2 61
8 1 ,8 2 7
3 9 6 ,3 4 6
1 22 ,47 6
2 0.7 84
4 9,6 43
2 7 8 ,4 8 3
9 2,1 63
5,330,27.-
5 ,2 3 4 ,0 4 3
In crea se.
9
1 ,6 5 0
1,129
3 .7 5 0
8 ,8 4 0
14
7 ,9 9 9
6,236
36.2 12
2,504
7,7i»3
12.418
18,9 00
2 ,3 8 0
D ecrease.
$
15,606
1 7 ,3 0 2
1,338
9 32
1 ,204
1,220
582
80
4.285
1 ,690
164
214
10,255
4 ,0 1 4
1 ,729
5 ,498
2 ,2 8 6
7 90
i ,8 2 0
16,567
2 7 ,7 7 3
2 ,4 5 0
3 ,0 3 3
7,091
27,0 00
4 ,0 0 0
1 ,038
1 ,244
7 ,io i
2 ,4 0 8
4 ,0 0 0
970
3 .7 2 0
46,641
2 1,2 16
13,781
4 021
4 ,5 8 1
2 3 7 ,2 0 6
9 6 ,2 3 0
1 ,1 9 6
1 40 ,97 6
For the first week of August o u r fin a l statement covers
75 roads, and shows 3A7 per cent increase in the aggregate
o v e r the same week last vear.
1sl w eek o f A u g u st.
P re v io u s ly r e p 'd (57 r’ds
C h a tta n oog a S o u th e r n ...
C lev . C an ton A S ou th ’ n ..
Olev. C in. Ohio. A 8 t. L ..
D u lu th 80. S h ore A A ti
F la Cent. A P en in su la r.
Ft. W orth A D e n v e r C ity
Ft. W orth A R io G ran de
K ansas C ity A O m aha .
L o u isv . H en d . is 8 t. L . . .
M ian. 8 t. P. A 8. 8 te. M .
T o le d o P e o ria A W e st'n .
D n . P a o . Den. A G u if___
T otal (7 5 r o a d s ) ______
N et in cr e a s e (3-47 p. o .l.
this bind will be found in the Chronicle of July 23 tayy ,
The next will appear in the issue o f August 20, 1898,
$
2 0 5 ,0 9 2
-2,915,129
4 1 ,0 7 3
35,2 85
1 8 6 ,3 5 7
2 ,5 4 0 ,7 7 9
3 8 ,9 3 4
3 1 ,0 5 7
a 111636 figu res in clu d e resu lts o n le a se d lin es. * In clu d es e a rn in g s
fro m te rries, e t c ., n o t g iv e n s e p a ra te ly .
c I n clu d e s D es M oin es A
K a n sa s C ity l o r all p e riod s.
d In jln d e s o p e ra tio n s o£ th e Ohio. B u r
lin g to n A N orth ern in b otu years.
e I n clu d e s re s u lts o n A T. & 8.
F e, G u lf O ol. A s Fe, 8. Fe Paoitlo o ld A tla n tic A Paeirtoi an d So.
Oal. B y.
f In clu d es th e P a o id o s y s te m , th e A tla u tio p r o p e rtie s a n d
th e H o u s to n & T e x a s C eu tra l system . B e g in n in g J u ly , e a rn in g s o f
M em p h is D iv is io n a n d M id d lo sb o ro u g h & A ik en b ra n ch es a re in clu d e d
l o r b o th y ea rs.
* R esu lts o n K a n sa s C ity A In d e p e n d e n c e A ir L in e a re n ot in c lu d e d
l o r e ith er y e a r.
t I n clu d e s C hesapeake & O h io S o’ w estern l o r b o th y e a r s , b u t O hio
V a lle y a n d C h ica g o n d T e x a s lo r 1 898 o n ly
2 d w eek o f A ugust*
365
1898.
1 89 7 .
In crea se.
*
$
*
D ecrea se.
S
8
6 ,0 0 3,05 2
8 6 ,3 9 0
8 8 ,1 2 5
1,219
13,0 25
2 62,661
3 9 ,6 9 0
02,171
2 6,6 16
6 .783
2 5 ,0 3 8
5 ,3 1 0
1 0 ,3 6 0
8 ,391
68,0 37
450 .54 5
1 4 4 ,45 9
17,9 03
7 4 ,2 1 2
5 ,9 0 2 ,7 4 6
7 2 ,9 1 5
8 6 .2 6 3
1 ,602
8,933
2 7 7 ,7 8 0
3 8 ,4 9 )
3 6 ,7 7 2
2 6 .9 8 0
5 .0 8 7
26,2 25
4 .6 3 7
1 3 ,3 7 0
10,2 80
7 2 ,7 7 4
3 8 8 ,8 5 7 i
9 9 .4 0 0
17,113
62.1 19
2 70 ,35 1
13.4 75
1,802
7 ,4 0 0 ,5 9 0
7 ,1 5 2 ,3 4 1
4 4 4 ,3 8 3
2 48 ,24 6
170 ,04 3
383
4 ,0 9 2
1,199
25,3 99
.............
1,696
15,119
304
. . . . -...
1.187
673
3 ,0 1 0
1,889
4 ,1 3 7
6 7 ,8 8 i
45.0 59
'7 9 3
1 2 ,0 9 3
R oads.
A la b a m a M id la n d .b .M a y
Jan . 1 to M a y a l ___
J u ly 1 t o M a y 3 1 ___
B an gor & A roostook —
A p r. 1 t o J u n e 3 0 ___
Jan. 1 to J u n e 3 0 ___
B ru n sw ick & W e s t .b M a y
Jan . 1 t o M a y 3 1 . . . .
J u ly 1 to M a y 3 1 ___
B uffalo C ity G as . . . J u l y
Oot. 1 to J u ly 3 1 , . . .
C har. A S a v a n n a h .b .M a y
Jan. 1 to M ay 3 1 . . . .
J u ly 1 t o M ay 3 L . . . .
C oia m b u s Gas C o
J n ly
Jan. 1 t o J u ly 3 1 . . . .
A p r. 1 to J u ly 3 1 ___
Net fcUrningg Monthly to Latest Hates.—The table fo llo w
ing shows the gross a n d net earnings o f S t e a m railroads
reported this week. A full detailed statement, including al 1
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
S
$
i!
8 0 ,6 5 2
3 3 <,297
6 9 7 ,7 8 L
it
5 5 .5 6 8
2 8 5 ,1 8 2
6 2 1 ,7 0 0
2 7 ,3 6 3
63,3 31
1 3 1 ,ILO
1 1 ,8 6 2
4 3,475
1 04 ,32 7
2 0 1 ,9 7 3
3 7 7 ,9 1 0
1 7 ,2 0 7
2 3 6 .7 4 0
5 4 3 ,5 1 0
1 7 9 ,3 7 0
3 7 4 ,3 3 8
4 7 ,1 9 2
2 2 4 .9 1 0
5 2 6 ,3 2 0
6 3 ,7 7 3
1 3 9 ,2 4 1
1 7 ,7 8 8
6 5 ,2 2 4
1 7 7 ,7 8 2
5 8 ,7 9 0
3 2 4 .2 7 7
5 7 4 ,3 9 5
5 3 ,3 5 6
2 9 3 ,4 9 7
5 2 8 ,1 3 3
9 2 ,6 4 3
1 5 8 ,2 0 9
6 ,741
1 1 ,0 0 4
1 5 3 ,8 5 9
7 ,9 3 3
2 7 7 ,5 5 1
9 ,3 3 1
8 8 ,7 6 5
9 9 ,1 5 3
3 ,8 9 6
6 6,0 55
2 5 ,0 5 9
1 0 ,6 3 0
1 9 ,6 9 2
............
Consol. Gas Co.,N.J..July
Jan. 1 to July 31 ........................
Delaware A Hudson Canal—
Renns. A Saratoga b—
579,406
Apr. l'to June 30___
5 7 6 ,4 4 4
Jan. 1 to June 30___ 1,037,703 1 ,0 6 2 ,3 2 8
N. Y. A Canada b —
228,970
Apr. 1 to June 30___
2 3 2 ,2 0 7
Jan. 1 to June 3 0 ....
410,366
4 2 4 ,4 7 1
Albany A 8usq. b —
Apr. 1 to June 3 0 ___
922,504
8 7 3 ,1 4 6
Jan. 1 to June 3 0 ---- 1,804,160 1 ,7 2 1 ,2 7 7
Edison El. E Co., N.Y.. July 196.400
L
1 6 2 ,4 5 3
Jan. 1 to July 3 1 .. .. 1.738,123 1 ,3 9 1 ,2 1 9
Illinois Central.a...June 2,137,584 1 .7 9 3 .4 5 4
Jau. 1 to June 30___13,230,519 1 0 ,7 0 1 ,6 9 1
July 1 to June 30 ...27,317,820 2 2 ,1 10,137
Kan. C. Ft. 8. A M.a. June 365,575
3 6 5 ,0 42
Jan. 1 to June 30 . . . 2,437,447 2 ,2 6 8 .2 9 8
July l to June 3 0 ___ 5,083,372 4 .6 1 3 .4 5 4
Kan. C.Mem.AB.a.. June 101,394
8 2 ,7 9 0
Jan. 1 to June 3 0 _
_
768,225
5 8 4 .3 3 9
July 1 to June 3 0 .... 1,400,498 1 .2 4 1 .3 9 3
K. C. A Sub. Beit..... June
38,144
t4 7 ,0 3 3
July 1 to June 3 0 ....
512.156
3 9 3 ,2 1 2
Lake Erie & Wesfc.b.June
252,167
2 9 3 ,1 7 9
Jan. 1 to June 3 0 .. .. 1,643,780 1 ,6 3 5 ,7 4 3
L. Ckampl. A Moriah—
Apr. 1 to June 30 . . .
4,960
Jan. 1 to June 30 . . .
18,079
Mo. Kansas A Tex.aJune
665,721
6 4 5 ,7 1 5
Jan. 1 to June 3 0 ,... 5,002,766 4 ,9 2 9 ,2 9 5
July 1 to June 30___12,047,237
Nash. Ch. A 8t. L .b July
549,531
4 8 0 ,2 7 8
Jan. 1 to July 31 . . . 3,285,251 3 ,0 3 0 ,3 7 8
Nevada Central........ May
6,163
3 ,7 7 7
Jan. 1 to May 3 1 ....
20.338
1 3 ,6 4 2
July 1 to May 31 ..
43,916
3 5 ,8 8 7
N. Y. Chic. & St. L.b—
Apr. 1 to June 30 . . . 1,412,847 1 ,2 4 4 ,2 5 3
Jan. 1 to June 30 . . . 2,982,205 2 ,5 5 5 ,2 3 7
N. Y. Ont.A West a June
315,734
3 4 9 ,6 7 3
Jan. I to June 30 . . . 1,732,054 1 ,7 6 7,09 3
July 1 to June 3 0 .. .. 3,914,635 3 ,8 3 4 ,4 0 3
Ohio River, b ........... June
80,732
7 5 ,8 6 6
Jan. 1 to June 3 0 ....
430,745
4 2 2 ,3 4 5
Peoria Dee. J Ev. b. Apr.
*
68,767
6 1 ,4 9 6
Jan. 1 to Apr. 30 . . .
278,953
2 7 8 ,9 0 4
Pitts. C. C. A 8t L.a. Tilly 1,231,892 1 ,1 7 1 ,2 4 5
Jan. 1 to July 3 1 . . . 8,771.176 8 ,0 0 9 ,4 1 8
2 8 ,6 1 3
Rio Grande Junot.. .Juno
37,065
IJan. 1 to June 3 0 ....
175,562
1 3 3 ,46 3
1 5 6 ,46 5
Dec. 1 to June £0 . . .
209,269
8t.Joseph Gas L. Co.. July
............
Jan. 1 to July 3 1 ..........................
8t. Paul Gas-Lt Co...July
............
Jan. I to July 31...........................
8 7,6 84
San Fr. A N Pao.a.July
85,492
4 2 2 ,3 1 3
Jan. 1 to July 31 . . .
454,424
2 7 3 ,2 4 3
9av. Fla. A W est.b..M ay
420,269
Jan. 1 to May 31 . . . 1,579,076 1 ,4 0 8 ,3 2 0
July l to May 31 . . . 3,280,728 3 ,0 6 0 ,3 3 7
2 2 ,9 1 5
Silver Sp.OoalaAG .bMay
42,130
8 6 ,9 2 5
Jan. 1 to May 3 1 ....
104,024
1 6 4 ,77 5
July 1 to May 3 1 ....
195,284
Staten Isl. Rap. Tr.b—
2 0 0 ,6 4 8
Apr. 1 to June 3 0 ....
158,395
2 8 3 ,7 0 0
Jan. 1 to June 3 0 .. ..
316,173
Ulster A Delaware —
1 01 ,80 8
Apr. 1 to June 30 . . .
97,510
1 08 ,53 6
Jan. 1 to June 30___
173,835
1 8 ,7 3 6
101,868
1 4 3 ,1 9 3
2 ,7 4 4
6 8 ,6 6 5
2 3 ,7 5 4
9 ,9 4 1
1 7 ,1 7 7
1 4 6 ,9 1 2
2 7 1 ,9 6 5
1 6 5 ,4 9 4
2 9 6 ,1 0 9
7 5 ,2 6 6
1 1 4 ,2 0 0
5 1 ,8 7 3
1 0 1 ,0 4 7
3 2 4 ,2 9 1
6 6 6 ,2 3 4
6 6 .5 5 2
7 5 1 ,7 6 0
5 9 6 ,7 4 1
4 ,0 4 2 ,0 8 1
8 .6 6 2 ,3 5 0
9 7 ,7 9 6
7 3 9 ,7 2 2
1 ,5 7 4,00 5
4 ,3 3 9
1 8 8 ,8 5 8
3 6 2 ,5 0 9
11.020
2 3 7 ,2 1 7
7 2 ,3 2 8
6 1 3 ,3 6 2
3 0 5 ,9 3 2
6 5 0 ,5 3 5
5 9 ,0 3 4
6 3 0 ,7 4 9
2 1 9 ,8 7 4
2 ,9 5 5 ,4 0 5
6 ,3 7 5 ,0 5 3
1 0 0 ,6 0 4
6 8 5 ,3 0 8
1 ,4 5 3 ,3 5 9
3 ,2 7 7
1 1 1 ,5 0 8
3 1 5 ,1 8 3
110,489
1 1 8 ,7 8 8
1 1 1 ,8 4 6
6 3 7 ,8 9 5
1,158
4 ,5 7 9
1 2 0 ,9 1 0
1 ,1 3 2 ,5 5 6
3 ,8 6 4 ,8 4 9
2 1 9 ,8 9 0
1 ,1 4 3 ,2 0 9
3 ,8 4 9
8 ,5 0 0
1 3,9 23
1 8 0 ,6 5 9
1 ,0 8 1 ,7 0 9
1 ,2 9 1
2 ,0 1 6
8 ,6 1 5
2 5 1 .77 3
2 4 6 ,1 3 9
5 0 7 ,6 1 1
4 5 9 ,2 1 5
8 3 ,6 1 0
9 2 ,2 8 8
4 1 1 ,5 1 7
4 1 7 ,3 8 9
1 ,1 1 2 .9 9 2 1 ,1 1 3 ,9 0 6
3 3 ,4 6 5
2 7 ,4 7 9
1 1 1 ,10 3
1 3 9 ,3 4 0
3 ,2 8 0
1 ,0 8 8
5 7 ,4 5 7
5 5 ,9 2 4
3 6 0 ,0 2 8
3 8 2 ,2 0 5
2 ,0 1 0 ,8 6 2 2 ,1 9 5 ,1 1 8
*1 1,119
* 8 ,5 8 4
*52,668
*4 0 ,0 3 7
*6 2,7 80
* 4 6 ,9 3 9
2 ,8 7 2
3 ,4 7 0
3 3 ,0 5 5
2 4 ,1 3 5
16,9 41
1 6 ,2 9 9
1 4 0 ,84 9
1 3 4 ,0 0 5
3 8 ,8 3 5
4 2 ,3 0 1
1 4 4 ,0 7 3
1 2 3 ,3 8 3
8 8 ,9 3 5
1 6 9 ,9 1 8
4 1 4 ,2 5 3
3 8 6 ,8 4 7
8 1 2 ,9 7 7
8 5 2 ,26 8
3 3 ,1 7 5
1 5 ,2 2 0
4 9 ,8 5 8
6 1,4 32
8 5 ,3 9 0
1 0 1 ,4 7 4
6 6 ,4 1 0
1 3 0 ,5 1 2
9 4 ,3 0 2
8 3 ,4 1 3
1 8 ,6 8 3
3 4 ,2 4 1
2 7 ,7 5 1
3 9 ,5 8 0
a N et ea rn in g s h e r e Kiven a re a fte r d e d u c tin g ta x e s,
b Net ea rn in g s here iriven a re b e f o r e d e d u ctin g tax es,
t F igu res f o r 1 89 7 in olu d e resu lts on K a n sa s C ity A I n d e p e n d e n c e
A ir L ine, w h ile T h o se f o r 1898 d o n o t.
atf
'T h irty p e r ce n t o f g r o s s ea rn in g s.
Interest Charges and Snrplus.—The following roads, in
addition to their gross and net earnings given in the fore
going, also report charges for interest, Ac., with the surplus
or deficit above or below those charges.
R oa d s.
1 9 6 ,1 3 7
■Gross E a rn in g s. — . ------ Net E a -n sn .
1898.
1897.
1898.
1 89 7
,------l n t R e n t a l s . 6 c . ------ * r - B a l . o f N et E a r n ’ gs
s o ts I .
1 ,onrr
8
1897.
1898.
.........................■ 9 0 .
$
$
B an gor A A roostook —
A p r. 1 t o Ju n e 3 0 . . . ,
7 4 ,3 0 4
J a n . 1 t o J u n e 3 0 ___
148 ,25 4
K a n . C. F t. 8. A M .. June
120,245
J u ly 1 to J u n e 3 0 ___ 1,4 1 0,26 2
K a n . C. M em . A B ir .J u n e
11,462
J u ly 1 to J u n e 3 0 . . . ,
198,085
L. E rie A W est’ n ....J u n e
J an . 1 to J u n e 3 0 —
3 6 1 ,0 7 7
18,3 44 d e f.7 ,1 3 3
7 0 ,9 0 6
d ef.1 ,8 0 3
9 ,9 5 5
1 41 ,04 9
118 ,58 3 d e f.2 2 ,4 4 9 d e f.1 7 ,9 7 9
50,3 33
1 57,743
1,4 0 3,02 6
d e f.9 ,6 2 8
12,9 05 d ef.7 ,1 2 3
*142 ,88 9
*195 ,67 2
1 9 8 ,58 5
5 1 ,6 1 8
12,0 41
60,228
2 7 8 ,8 5 1
2 5 2 ,2 8 5
3 5 9 ,04 4
366
THE
- I n ! . , r e n t a l s , . t r . —,
1898.
R oad s.
8
C H R O N IC L E .
[VOL. LXVII
~ -B a l. o f X c t E a r n s . -
1897.
$
1998.
*
Mo. Kansas A Texas. June -.’85.539
...........(tof. 164.029
............
*37,879
J a ly l to Jane 3 0 .... 3.417,170
89,55(1
Naahv.Chab A 8t. I,.July 130.33*
126,301
7 3 .1 2 9
Fitts. O. C. A St, L...July
230,899
2 2 7 ,1 4 0
3 0 ,4 5 1
Jan. 1 to July 3 1 .. .. 1,980,411 1 ,8 * 1 ,9 0 3
3 ,* 1 1
Slo c>*ande Jnnot ..June
7,708
7 .7 0 8
8 ,8 2 2
53,958
Deo. l to Jane 30....
53,958
1 9 ,9 2 7
19,00*
Ban Fran. & So. Pac. July
18,908
1897.
*
------ d r o s s E a r n i n g s . -----, —— R e t E a r n u i g s . ------%
1898.
1897.
1898.
1897.
$
$
S
$
R oads.
Buffalo Railway b—
Apr. 1 to Juue 3 0 ...,
306.331
142.153
315.178
15^,251
Jan. 1 to June 30___
033.501
638,254
301,897
303,861
Central Crosstowu ( S . Y.»
Apr. l to June 30___
149,850
147,783
50,338
44,001
Jau. 1 to Juno 3!)___
28 2.260
288,350
91,110
876
81,46 7
<1*1.7,019 Ola. A Miami V .T r.b July
7,214
13,461
10,552
23,297 City ElecM Rome.Ga).Jul y
2.7 U
2,181
686
584
Jau. 1 to July 31 .. .
13,835
13.024
2,104
3,192
STREET HALLWAYS AMD TRACTION COKI’ ANIES
Otev, PainoBv. ,t E .July
9,185
13,969
9,10*
5,581
Jau. 1
3 1 ___
15.388
24,059
21,537
The following table shows the g r o s s earnings for the latest Croastown to July (HuHalo) —55.330
St, Ry,
period o f all s t r e e t railways from which we are able to ob
Apr. 1 to Tune3u . ..
110,292
114,882
42,660
41,009
tain weekly or monthly returns. The arrangement o f the
Jau. l to Ju m 30 . . .
2 28.452
221,025
77.825
74,922
table is the same as that for the steam roads—that is, the Dayton A- West,True July
0.304
3,790
first tw o columns of figures give the gross earnings for the Glenn’s Falls 8. U A Ft. E.
Apr. 1 to Juue 3o___
16,353
2,171
Latest week or month, and the last tw o columns the earnings
Jan. 1 to Juue 3 0 ___
30,204
5,636
or the calendar year from January 1 to and including suob
Harrisburg Traot'n. July
23.210
27,288
14,678
10,249
latest week or month.
Jau. 1 to July 3 1 ....
146.061
125,45*
73,819
52,049
STREET RAILWAYS AND TRACTION COMPANIES.
Kingston City RR —
Apr. 1 to J une 3 0 _
_
............
17,895
7,737
L atent G ro s s E a r n i n g s .
Onoss
Lehlgn Traction_ July
_
9,113
10.857
4,889
6,353
E a r n in g s .
W e ek o r M o
Jan. 1 to July 31 . . .
59,793
53,076
19,618
1898,
1898.
1897.
23,413
Mauhattau Elevated (N.Y.)b—
$
[
$
s
$
Apr. i to June 3 0 - ... z , 186,816 2,332,748
844,493
976,224
51,029
54,875
Akron BeUTd A Clev Julv.......... 11,304 12,624
Jan. 1 to J une 3 0 ___ 4,616,117 4,72 >.25 2 1,912,249 2,024,738
Albany Railway.----- Juno......... 54.933 46,431
Metro’u St. Rv..K. C.July
18 1,0 10
168,987
86,732
76,513
4,918
22,44 l
2 f t ,l 0 l
4.170
Amsterdam St. R y.- June.........
Jan. 1 to July 3 1 .... 1,140,803 1,02. f847
506,234
-445.000
50,<3 S
57,403
9,058
Atlanta Railway___ July.......... 19,361
June 1 to July 31 .. .
3d3,072
329,925
104.775
143,465
Baltimore Con. Ry.’ .. July.......... 229,465 227,360 1,343,182 1.313,783
7,541
1,932
1.721
7,013 Muse nine St, Ry___July
1.918
1,369
Bath at. Ry. (Maine). May...........
Jau. 1 to July 31 . . .
............
7,242
3 ’,638
39,408
9,705
6,551
Bay Cities Consol----- Juno.........
65,343 Nassau Electric RR. b —
71,5 76
J uni3......... 14.625 12,776
Binghamton 8t. B y...
Bridgeport Traction. June ....... 33,019 27,746 162.087 147,941
Apr. 1 ro Juue 3 0 ___
570,959
507.070
211,850
227,646
Brockton Con. St. Ry. J lino......... 31.507 29..S72 155,913 151,281
Jan. 1 to June 3 0 ....
990,326
841,610
333,392
340,055
Brooklyn Elevated.. July.......... 148,000 120,000
Ogdensburg Street Ry.—
Br'kly n Rap. Tr. Co.—
Apr. 1 to Juue 3 0 ....
4.731
1,398
2,363
2,015
Brooklyn Heights ?
,439,471 3,070,518 Roxb’ghChes, IlilUfcN. July
14,262
11,012
B klynQ'ns&Sub. j Julv.......... 572.11G *89,463
8,126
5,381
Jan. 1 to July 3 1___
59,900
45,204
23,101
Charleston City R y.. July.......... 17,518 15.827 1 0 1 ,6 7 2
15,235
Cin. A Miami Val----- J uly.......... 13,4bl 10,552
ScrantonCUrbon..July
3,343
1,77.3
Citizens’ 8t.Ry.,lndp. April___
79,902 68,031 31ft,39o 283,626
20,023
Jan. 1 to July 31___
9.137
26,74 s
22,872
6,327
5,671
Cltlz ns'fMunoielnd.) May..........
31,330
33.251
18,424
17,225
13,835
13,024 Soranton Railway... I uly
2,741
2.181
City Elec. (Rome,On.) July..........
Jan. 1 to July 3 1 ...,
213,339
196,098
104,043
93,963
Cleveland Electrio... J uly........... 1*7,50.. 143.201 9 7 0 ,7 2 m 922,897
55,336
45,386 Scranton & Pittston. Tuly
6.071
Clave. Painsv. A E. J uly.......... 13,969
9.105
2,323
Jan, l to July 3 1 ___
34,230
Columbus 8t. Ry. (O.) J uly.......... 60,1 S)8 5 1.735 384,587 331,6 i5
10,103
Consoli’d Trae. (N. J.) April........ 252,2a, 238,813 965,245 883,640 Wiikesb. & Wy.V.Tr.. July
45,222
44,434
25,537
25,26!)
Danv. Gas EL Light &
Jan. 1 to July 31. . . .
279,278
272,195
153,783
146,592
53,003
50,831
8,206
Street Ry................. Juno.........
8,138
6,364
Dayton & West Ti-ac, J uly..........
a Set earning Here Kiven are after deducting taxes,
l
7
Denver Con. Traaiw.. June......... 68,773 62,851 351,637 3
b Not earnings here given are before de&uotins? taxes.
Detroit Citi'ns’ St.Ry. •idwk July 24,972 24,422 629,808 544,067
1 9 3 ,6 8 5
199,890
Juno......... 32.123 33,79
Detroit Else. Ry
Interest Charges and Surplus. —The following S t r e e t
July.......... 17,786 18,450 112,419 108,002
Diliutli St. R y...
railways, in addition to their gross and net earnings given in
Ft. Wayne <s Belle
5
87,677
80,310 the foregoing, also report charges for interest, &o., with the
Island (Detroit)----- June . . . . . . 15,140 13,967
Galveston City B y ... March....... 15,668 14,559
surplus or deficit above or below those charges.
Harrisburg Traction. July.......... 27,288 23,210 146,0*61 125*454
,___ b i t ., r e n t a ls , e tc .—
o f R et E a r n 1
*
Herkimer Mohawk II1893.
20,435
19,458
1897.
1898.
2,799
1897.
lon A F’klortEL Ry. June.........
2,809
R oads,
$
fc8,853
$
S
91,517
Houston Eleo. St. Ry. June......... 17,151 17,047
$
Interstate Consol, ol
Atlanta Railway___Julv
1.250
5,070
1,250
3.257
27,801
26,843
9,523
North Attleboro— March....... 10,297
Jan. 1 to July 3 1 ....
8,750
8,750
7,070
3,876
38,667
30,-34 Cin.«fe Miami Yal.TT.Juiy
9,29 0 5,516
Kingston City Ry......
3,913
*3,491
53,6 <6
59,793
Lehigh Trae n u n ....... July...........
9;i43 10.857
37,624
2,223
1,870
5,903
3,511
7,714
33,952 Roxb’gh Ches.Hll&N July
■London St. By. (Can.). May...........
7,894
Jan. l to July 31.......
15,144
13,231
7,957
2,004
Lowell Law. < H a v.. June......... 43,312 41.553 200,256 102,869
&
Metrop. (Kansas City) 2d wk Aug. 41.253 37,801 1,222,28 1,095,746
*After allowing for other income received.
612,418
97,819
Metro. W. Side (Ohio.)
22,738
5,478
21,582
Montgomery St. Ry. May___ . . .
5;500
July.......... 143,987 129,246 838,938 763,338
27,102
. ..
4.761
July.......... 238,088 218,508 1,228,424 l,0 ” 0 , i l 8
35,011
8.342
34,082
June.........
8,031
21,104
June.........
5,201
16,871
6,059
Annual Reports.—The following is an index to all annual
J u ne......... 111,420 111,483 680,152 651,569
7 7 ,1 5 2
June......... 16,274 13,522
68,077 reports of steam railroads, street railways and miscellaneous
July.......... 203,003 258,483 1,670,946 1,584,639 companies which haye been published since the last editions
June ........ 137,161 130,228 649,954 633,584
10,432
2,632
July...........
9,995 of the I nvestors ’ an d St r e e t R a i l w a y S u p p l e m e n t s .
2,673
This index does n o t include reports in to-day’s C h r o n ic l e .
June......... 33,059 3U,804 172,003 153,256
70,076
June......... 13,699 13,116
56,897 Full-face figures indicate Volume G
7.
59,900
July.......... 14,262 11,092
45,204
28,098
R a il r o a d a n d M is o e l . Go ’ s
June.........
5,337
5,859
R ailroads & Mis. Co’s— { C o n .)
25,368
2 0 ,0 2 d
3,343
V o Iu m e 6 ’ —
P a ge.
V o l u m e 67—
Page
34,230
6,071
Scranton & Pittston. July..........
A t ch iso n T o pelt a & S a n t* F e .........‘2 ? 1 N o rfo lk & W e s te rn _____ . ____.'2 7 'Z
July.......... 34,330 33,251 213,339 106,091 Boston & Albany........................a I if O rego n R ft. & N a v ig a t io n ...............3 1 6
P a c ific M ail S S . Go . . .
-2 1 9
July.......... 43,299 38,700
241,165 Boston E le c tr ic b ig h t .....................*272
&
u F ra n
271
Buff. Rochester
June......... 93,709 92,016 534,383 472,386 C a lu m e t & H e e ls& Pittsburg....... 3‘2l4If S t.a L o u is R fS a ..............c is c o ..............‘3 1 .6
t
. .................... .. . .
0 W b a sh
Ju n e......... 171,505 161,337 1,005,034 930,429 Chesapeake ac O h io ................3 1 5 , U 2 « W eiflb a ch L i g h t ..........................
.220
N
TJnlon (N. Bedford).. July........... 19,089 22,480 106,356 125,089 C h ica g o B u rlin g to n & Q u in c y ....... A 7 l
W e ste rn N . x, & P e n n ....................3 1 6
729,116
132,321
Dnlted Tract. (Pitts.)
C h ica go G rea t W estern ...................‘2 1 9
United Tract. (Prov.) Juno......... 148,961 146,943 817,774 8 0 0 (9 5 7 C h ic, & N o n h W est. . 2 1 9 , ‘2 2 1, 3 l »
St r e e t R a il w a y s .
ver
G
,
Unit. Trac. (Reading) July.......... 23,947 23,444 116,718
109.180 D e n rgia & R io b arand .e. . . , ............. 2 7 1
V o lu m e s 66 a n d 67—
P a ge.
G eo
&
m a ..
3 /,9 54
7,888
7,583
Wakefield & Stone.... July..........
32,289 Glucose- S uA lar R e fittin g U0>6 .......... *27 *2 B r o o k ly n Rapid T r a n s i t . . . . . . . . . . . 3 i 6
ga
mow.)
Waterbnry Traction.. July.......... 20,5X8 23,949 155,403
142,170 Hong Island
...................... 27*2 Milwaukee Elec. Ry. & Light.iiwo, 0284
West Chicago St. Ry. Wk Allg.14 75,866 73.493 2.391,651 2 ,3 2 8 ,7 3 8 L o u is v ille x N a s h v ille . . . . . . . ------3 l If P itts , & B irm in g h a m T r a c t io n ....... 317
39,276
Wheeling Railway... March....... 12,450 12,444
2
U n io n T r a c t, Co. o f P h ila d e lp h ia . 1 7 5
36,532 Mohllc* & O h io . . . , ....... ..................‘ 7 2
Wllkesb. A Wy. Valley July........... 15.222 44,484 279,278 272,195
Southern Railway.
, * Includes Baltimore Traotion and City & Suburban for both years,
54,358
155,059
353,210
ANNUAL REPORTS,
{ F o r the y e a r e n d in g J u n e 3 0 , 1S98.J
^ S t r e e t Railway Net Earnings.— T he fo llo w in g table gives
tne returns of Street ra ilw a y gross an d n etearn in gs received
Tbe report in full of Mr. Sunuel Spencer, President, and
this w eek. In reporting these net earnings for the street ra il estraets from the report of the G-eneral Manager, together
w ays, w e adopt th e sam e plan as th a t for the steam r o id s — with the Balance Sheet, Income Account, and several other
th at if, we print each week all th e returns received that tables, are published on pages 373,to 878. The comparative
w eek , but onoe a m on th (on the third or th e fou rth S a tu rd a y ) tables below, compiled for the C h r o n ic l e , show the results
w e brin g togeth er all the roads fu rn ish in g returns, and the of operations of the company for the full period since reor
latest sta tem en t o f th is kind w ill be fou n d in the C h r o n ic l e ganization.
o f J u ly 23. 1895.
A u g u st 20, 1898.
The
n e x t w ill appear
in the
issue of
,— G ro s s E a r n i n g s . -----.,-----N e t E a r n i n g s .—
1897.
1898.
1897
1898.
$
$
R oads.
$
$
12,624
11.304
5,375
4,028
Akron Bed. & Clev.. July
54,875
14,236
51,029
Jan. 1 to July 3 1 ...,
13,426
9,058
6,320
Allan ta Railway.......Jilly
12,361
2,507
50,038
Jan. 1 to July 3 1 ....
57,403
15,820
12,626
O P E R A T IO N S , E A R N IN G S AN D E X P E N S E S , E X C L U D IN G At EM P H IS D IV IS IO N .
Average mileage—
E q u ip m e n t—
Lneomotives.............
Passengers ears.......
Freight ears..............
Road service oars...
Tugs and barges___
1S97-S.
4,827
1090-7.
4,806
1895-6.
4,574
1894-5.
4,139
686
593
21,162
367
9
640
525
19,118
304
6
638
524'
19,457
275
5
623
487
18,924
283
THE
A ugust 20, 18S8.J
C H R O N IC L E .
1 8 9 5 -6 .
1 8 9 4 -5 .
1 8 9 7 -8 .
1 8 9 6 -7 .
O p e r a tio n s —
4 .1 3 9 ,4 7 3
3 ,4 2 7 ,8 5 8
4 , 2 0 0 ,3 4 7
4 ,0 5 7 ,3 2 7
P a s s e n g e r s c a r r ie d .
P a s s , c a r ’ d 1 m i l e . . 2 2 6 ,5 9 9 ,2 7 4 2 0 3 ,7 6 3 ,4 0 5 2 5 0 , ‘7 0 5 ,3 4 0 1 7 8 ,0 1 5 ,9 2 5
2 -1 1 3 c ts .
2 -4 0 5 c t s .
2 -3 2 2 c t s .
2 -3 7 2 c t s .
R a t e p . p a s . p . m ile .
7 ,9 4 1 , 9 8 0
6 ,6 7 5 ,7 5 0
8 ,5 5 4 ,0 1 2
7 , 9 0 4 ,7 0 6
F r i g h t (t o n s ) c a r id .t
F r e i g h t (to n s ) c a r
* 1 ,3 2 4 ,0 1 5
* 1 ,2 3 9 ,6 8 6
* 1 , 0 9 8 ,9 3 2
r ie d 1 m i l e t ............. * 1 ,4 3 6 ,6 7 3
0 9 7 2 cts.
0 - 9 3 6 c ts .
0*934 cts.
0 9 3 3 c ts .
R a te p . t o n p . m ile .
$
$
$
E a r n in g s —
$
F r e i g h t ........................... 1 3 ,4 0 2 ,3 0 5 1 2 ,3 8 6 ,9 0 2 1 2 ,0 5 5 ,2 4 0 1 0 ,8 1 6 ,0 2 4
5 , 2 8 7 ,9 1 4
4 ,8 3 2 ,8 4 S
5 ,2 6 0 ,8 8 1
4 ,3 2 9 ,4 9 9
P a s s e n g e r ....................
9 3 4 ,0 5 2
1 ,1 1 0 ,0 6 3
1 ,1 9 4 ,4 4 9
9 0 8 ,7 4 0
M a i l .................................
4 2 8 ,5 6 0
3 7 7 ,3 3 4
3 3 2 ,9 6 1
4 3 6 ,6 9 9
E x p r e s s . .......................
4 2 7 ,7 0 7
3 2 1 ,1 2 7
3 4 6 ,9 6 4
7 2 7 ,5 6 3
M is c e l la n e o u s ............
T o t a l ....................... 2 0 ,6 4 1 ,2 9 8
E xp en ses—
C o n d u c t in g t r a n s ’ n .
7 ,0 8 0 ,1 7 1
W a y & s t r u c tu r e s .. .
2 ,9 6 4 ,9 1 8
M a in , o f e q u ip m e n t .
2 ,6 9 7 ,7 5 2
G en eral an d ta x e s ..
1 ,4 1 2 ,9 5 8
1 9 ,0 7 9 ,5 0 0
1 9 ,0 8 2 ,2 4 7
1 7 ,1 1 4 ,7 9 2
6 ,7 4 5 ,9 9 9
2 ,9 2 0 ,1 9 0
2 ,2 5 0 ,7 6 6
1 ,3 1 6 ,2 0 1
6 ,7 9 8 ,0 8 2
3 ,3 8 8 ,6 9 9
2 ,0 9 3 ,9 8 5
1 ,1 7 0 ,6 3 1
6 ,1 6 4 ,2 9 2
2 ,9 7 8 ,2 1 5
1 ,7 9 4 ,4 9 2
1 ,1 2 5 ,8 2 5
T o t a l ....................... 1 4 ,1 5 5 ,7 9 9
N e t e a r n i n g s ...............
6 ,4 8 5 ,4 9 9
P . c. o f e x p . to earn .
68 ’58
1 3 ,2 3 3 ,1 5 6
5 , 8 4 6 ,3 4 4
6 9 "3 5
1 3 , 4 5 1 ,4 4 7
5 , 6 3 0 ,8 0 0
7 0 -4 9
1 2 ,0 8 2 ,8 5 4
5 ,0 5 1 ,9 3 8
7 0 -4 8
* ( 0 0 0 ’ s) o m it t e d .
f N o t in c lu d in g c o m p a n y ’ s fr e ig h t .
| lN C O M E ACC OU N T.
N e t e a r n i n g s ...............
N et earn s, o f M em .
D ir ., fo u r m o n th s .
I n c .f r o m In v e s t m ’t s .
M is c e l la n e o u s i n c . . .
1 8 9 5 -9 6 .
1 8 9 4 -9 5
$
5 ,0 5 1 ,9 3 8
1 8 9 7 -9 8 .
$
6 ,4 3 5 ,4 9 9
1 8 9 6 -9 7 .
$
5 ,8 4 6 ,3 1 4
5 ,6 3 0 ,8 0 0
1 0 8 ,4 7 4
1 4 9 ,4 8 1
1 9 8 ,8 9 7
1 5 2 ,9 1 0
1 3 3 ,9 2 3
1 1 3 ,6 3 1
7 4 ,3 7 6
8 9 ,6 7 8
6 ,1 3 3 ,1 7 7
5 ,8 1 9 , 3 0 7
367
E A R N IN G S, E X P E N S E S , ET C.
1 8 9 7 -8 .
$
G r o s s e a r n i n g s ........... . 1 9 ,5 5 6 , 6 8 7
O p e r a t in g e x p e n s e s . ’T 3 ,5 5 6 ,2 1 4
1
1 8 9 6 -7 .
$
1 9 ,5 5 6 ,6 8 7
1 3 ,5 5 6 . 2 i 4
1 8 9 5 -6 .
$
2 0 , 4 6 0 ,0 9 2
1 4 ,5 0 7 ,1 8 3
1 8 9 4 -5 .
$
1 6 , 8 9 2 ,3 1 4
1 1 ,7 5 2 , 4 5 9
N e t e a r n i n g s ___ . 6 ,0 0 0 ,4 7 3
O t h e r i n c o m e .............. .
6 3 0 ,5 0 8
6 ,0 0 0 ,4 7 3
6 3 8 ,5 0 9
5 ,9 5 2 ,9 0 9
6 4 4 ,4 5 2
5 , 1 3 9 ,8 5 5
5 6 5 ,6 8 4
T o t a l n e t ............... 6 ,6 3 8 ,9 8 1
F i x e d c h a r g e s ............ .. 5 , 3 0 1 ,0 8 6
6 ,6 3 8 ,9 8 2
5 , 3 0 1 ,0 8 6
6 , 5 9 7 ,3 6 1
5 , 2 1 9 ,2 5 9
5 ,7 0 5 ,5 3 9
4 ,3 2 6 ,5 0 9
1 ,3 3 7 ,8 9 5
6 8 ,6 0 1
1 ,3 3 7 ,8 9 6
6 8 ,6 0 1
1 ,3 7 8 ,1 0 2
7 2 ,6 3 3
1 ,3 7 9 ,0 3 1
7 2 ,7 5 0
B a l a n c e .......................... . 1 ,2 6 9 ,2 9 4
D i v i d e n d s ....................... 1 ,2 3 4 ,0 0 2
1 ,2 6 9 ,2 9 5
1 ,2 3 4 ,0 0 2
1 ,3 0 5 ,4 6 9
1 ,2 3 4 ,0 0 2
1 ,3 0 6 ,2 8 1
1 ,2 3 3 ,9 9 8
3 5 ,2 9 2
3 5 ,2 9 3
7 1 ,4 6 7
7 2 ,2 8 4
S in k in g f u n d ................
S u r p l u s ........................... .
* I n c lu d e s i n 1 8 9 7 -8 $ 4 4 4 ,2 6 5 f o r e q u i p m e n t a n d a u t o m a t i c c o u p l e r s .
GENERAL BALANCE 8H EETJUNE 3 0 .
A s s e ts —
1898.
1897.
C o n s t r u c t i o n a n d e q u i p m e n t — , . 3 6 , 9 3 4 ,1 0 9 3 6 ,8 7 8 , 0 3 4 3 6 , » X I
S t o c k s a n d b o n d s o t h e r c o m p a n i e s 4 , 4 5 8 ,0 0 >
4 , 3 5 9 ,0 0 5
4 ,2 8 2 ,3 8 1
B o s t o n & M a in e s t o c k ......................... 1 ,5 0 5 ,7 5 6
1 ,5 8 5 ,7 5 6
1 , 5 8 5 ,7 5 6
R e a l e s t a t e ................................................. 1 ,1 1 6 ,4 5 7
9 9 2 ,9 5 9
8 8 8 ,5 4 4
S t e a m e r , e l e v a t o r , e t c .........................
1 2 5 ,7 1 7
1 2 5 ,7 1 7
1 2 5 ,7 1 7
C a s h ................................................................ 1 ,2 1 2 ,8 4 4
1 , 4 5 3 ,6 3 9
1 ,6 6 8 ,5 1 6
B ills r e c e i v a b l e ....................................
6 4 7 ,7 7 5
8 6 5 ,7 2 0
1 , 2 3 8 ,7 1 9
S in k in g f u n d s ...........................................
7 8 6 ,0 4 6
7 0 5 ,8 2 3
6 2 9 ,7 0 9
M a t e r ia ls a n d s u p p l i e s ....................... 1 ,8 3 4 ,0 0 1
1 , 7 6 7 ,0 8 6
2 ,2 3 0 ,2 8 4
D u e b y a g e n t s , c o . ’ s , i n d i v id s ., e t c . 3 ,1 6 8 ,7 1 3
3 ,3 0 6 ,0 5 1
2 , 6 9 2 ,8 8 7
I m p r o v e m e n t a c c ’ t ., le a s e d r o a d * .........................
1 8 3 ,4 5 7
2 5 6 ,9 0 2
8 6 .1 0 6
4 3 0 ,1 5 8
1 8 2 ,9 8 8
4 5 4 .6 0 S
3 2 6 ,1 6 0
4 7 6 ,6 7 2
5 ,1 4 1 ,6 1 6
$
T o t a l ........................
D ed u ct—
F ix e d ch a rg es an d
r e n t a l s .........................
M is c e l la n e o u s ............
6 ,9 4 2 ,3 5 1
5 ,8 6 2 ,7 6 8
7 2 ,5 7 1
5 .6 1 2 ,2 3 4
7 5 ,0 2 2
5 , 2 1 8 ,3 7 0
4 4 .4 5 8
4 ,1 9 5 ,9 2 5
4 9 ,9 4 4
T o t a l ........................
B a la n c e , s u r p l u s * ...
5 ,9 3 5 ,3 3 9
1 ,0 0 7 ,0 1 2
5 , 6 8 7 ,2 5 6
4 4 5 ,9 2 1
5 , 2 6 2 ,8 2 8
5 5 6 ,4 7 9
4 .2 4 5 ,8 6 9
8 9 5 ,7 4 7
. 5 2 ,4 1 0 , 1 6 7
* T h e r e w a s p a id o n p r e f e r r e d s t o c k 1 p e r c e n t i n J a n ., 1 8 9 7 ($ 5 4 3 ,C 0 0 ), a n d 1 p e r c e n t J a n ., 1 8 9 8 ( $ 5 4 3 ,0 0 0 ) .
GENERAL BALANCE SHEET JUNE 3 0 .]
1893.
1895.
1899.
1897.
*
$
Assets—
$
$
251.671.030 252,262,024
Cost o f road................... .............. 2fl3.580.8J2 254,133.215
11,323.401
10,294,659
C ost o f equipm ent.
................... 12,275,333 11,407,454
7,609,801
1,302,590 ] 15,120,893
Securities ow n ed *.......................... 1,993,001
957.950
1,743,524
M aterials an i supplies................. 1,07**,53 4
919,439
413.495
373.311
B ills receiva ble, d e fe r r e d ..........
19,094
18,531
18,4*17
Insurance paid, not a c c r u e d ....
4,496
104.373
10,698
Sinking f u n d ...................................
C a s h .................................................... 2,506,490
2.506,490
2,410,848
2,430,007
1.808,676
390,5W8
430,589
3H .406
323,514
mi agents, e tc
...............
321.014
292,322
242,724
“
*’ U. 8. G o v e rn m e n t........
543,779
“
“
con n ectin g lines . —
7l*.?:i3
394.663
355,398
291,833
427,793
“
*' individuals and c o .’ s.
110,224
210,972
70.363
B ills receiva ble, c u r r e n t..............
43,018
1,064.645
D u e fro m R eorganization Com..
963,040
.2 1 ,8 8 9 , 0 0 0
. 2 1 ,3 9 2 , 3 0 7
.
6 9 7 ,8 0 0
2 1 , 8 8 9 ,0 0 0
2 1 , 4 7 7 ,2 3 0
5 9 7 ,8 0 0
.
9 1 2 ,8 3 4
3 8 9 ,9 8 9
D u e ;c o m p a n i e s , i n d i v id u a l s , e t c . .
3 9 5 ,8 3 0
D i v id . u n c l a i m e d & in t . d u e J u l y 1
L
J 9 0 .1 6 8
A c c r u e d i n t e r e s t a n d r e n t a l s ........
4 5 6 ,2 3 8
R e n t a l o f l e a s e d r o a d s J u ly i .........
9 6 5 ,8 0 3
. 1 , 1 7 7 .2 5 9
E q u ip m e n t f u n d .
.
1 5 0 ,0 0 0
6 8 5 ,7 2 3
S in k in g f u n d .
.
7 8 6 ,0 4 6
4 3 1 ,4 2 0
S u b s c r i p t io n C o n . «fe M o n . s t o c k . . .
Im p . F u n d C o n co r d & M on . R R .. .
2 7 6 ,1 7 7
1 , 7 1 3 ,5 7 7
8 5 0 ,9 3 0
3 4 6 ,9 9 3
4 5 3 ,7 8 3
1 8 5 .0 8 4
4 5 6 ,5 8 1
9 5 7 ,8 1 3
1 , 1 6 2 ,4 0 5
271.404
T otal liabilities ..................... 299.091353 207,321,643 x 284,847,679 _374,9l 1,421
—V . 67, p. 179.
New York Ontario
( S ta te m e n t f o r
&
Western Jty.
the g e a r e n d in g J u n e 3 0 ,
1 8 0 3 .)
^ T h e following statement o f earnings and expenses for the
late fiscal year has been compiled for the Chronicle:
1 8 9 7 -8 .
G r o s s e a r n i n g s .........................................$ 3 ,9 1 4 ,6 3 5
O p e r a t in g e x p e n s e s a n d t a x e s . . . . 2 , 8 0 1 .6 4 3
1 8 9 6 -7 .
$ 3 ,8 0 4 ,4 0 2
2 ,7 8 0 .4 9 5
1 * 9 5 6.
$ 3 ,7 7 9 ,3 3 5
2 ,6 9 8 ,5 5 8
$ 1 ,1 1 2 ,9 9 2
8 2 .9 5 0
$ 1 ,1 1 3 ,9 0 7
8 2 ,8 0 0
$ 1 ,0 8 0 ,7 7 7
8 1 ,4 6 5
$ 1 , 1 9 5 ,9 1 2
.
7 9 5 ,5 4 2
$ 1 ,1 9 6 ,7 0 7
7 9 6 ,7 9 7
52 410 167
T o t a l ...................................................... 5 2 ,,4 1 0 ,,1 6 7
—V . 6 7 , p . 3 1 8 .
Chicago P eoria
&
6 4 7 ,3 3 5
1 6 7 ,3 0 8
4 6 9 ,8 2 1
8 9 7 ,2 9 3
1 ,1 3 9 ,3 9 6
1 5 0 ,0 0 0
7 6 2 ,0 5 8
7 0 5 ,8 2 3
4 1 8 ,5 8 1
6 6 9 ,5 2 3
1 5 0 ,0 0 0
6 3 4 ,0 7 2
6 2 9 ,7 0 9
4 2 7 ,6 8 2
1 ,1 2 3 ,8 7 1
1 , 7 1 2 ,4 5 0
1 ,6 7 7 ,1 5 7
52 796 1 09
5 2 ,,7 9 6 ,,10 9
5 3 ,5 9 4 ,8 4 3
St. Lonis RR.
("R e p o r t f o r y e a r e n d in g J u n e 3 0 , 1 898. J
The C hronicle has been furnished with the following
statement for the year 1897-8.
,
E a r n in g s, E t c .—The earnings and expenses were :
E a r n in y s —
1 89 7 8.
1 8 9 6 -7 .
O p e r. e x p —
1 8 9 7 -8
F r e ig h t ....................................... $ 6 4 0 ,3 0 0 $ 6M 9 ,1n t3 o f w a y . . $ 8 6 ,2 7 9
3 ai 6 .
P a s s e n g e r s ......... 1 3 1 ,3 8 3 1 5 8 ,2 8 6 M a in t . o f e q u i p . 1 1 8 ,3 8 1
M a i l ............................................
1 2 ,5 9 7 1 3C o5 4d u c t , t r a n s . 3 9 2 ,4 0 8
,1 n
E x p ress, e t c .. .
6 2 ,7 6 5
2:1 ,5 6 7 G e n e r a l ...............
4 7 ,6 6 6
T o t a l ................. $ 8 4 7 ,0 4 5 $ 8 3 1 ,1 7 0
T o ta l.
1 8 9 6 -7 .
$ 8 2 ,8 1 3
7 8 ,2 3 1
3 9 6 ,1 7 3
4 7 ,3 4 0
. $ 6 4 4 , 7 3 4 $ 6 0 4 ,5 5 6
IN C O M E ACC OU N T.
1 8 9 7 -8 .
N e t e a r n i n g s ........................................ .................................. $ 2 0 1 ,3 1 1
D iv i d e n d s a n d i u t e r e s t ...................................................
1 5 ,1 2 2
1 8 9 6 -7 .
$ 2 2 9 ,6 1 4
1 5 ,0 3 3
Total....................................................................... $217,433
$ 2 4 4 ,6 4 7
Against which were charged :
Rentals....................................................................... $46,500
Taxes.............................................................................
28,933
Interest on first mortgage........................................
97,760
Interest on loans, etc..................
112,059
Betterments................................................................
5,023
$10,028
27,446
97,740
50,655
9,262
T otal
............................................................... $290,275
$225,131
Balance.................................................................. def. $72,842 sur.$19,516
$ 1 ,1 6 2 ,2 4 2
7 8 6 ,6 7 3
O th e r in c o m e .
2 1 ,8 8 9 ,0 0 0
2 1 ,5 6 5 , 7 8 0
5 9 7 ,8 0 0
1 ,1 6 2 ,8 9 8
3 6 5 ,7 2 0
C u r r e n t b i ll s .
«
394,853 287,324,643 284,897,079 271,941,421
T otal assets........................
Liabilities—
C om m on s t o c k ............................... 120,000.000 120 . 000.000 120 , 000.000 120, 000,000
54.:<00,0"0 -S4.3i10.000
50,000,000
P re fe rre d s ock ..................................67,200.400
--------------79,344,500
F u n ded d e b t ................
101.236.000
74.351,000
O utstanding securities o f lease^ b o ld e sta tes............ ................... 12,850,000
85.711.000 24,117,800
24,161.300
202,818
279,770
5 77,5 £8
953,590
E q u ip m en t notes ..........................
Certs, o f indebt.—M em . D lv.......
K . C. G. A L. Ry. p u r c n a s e .......
472.356
620,370
120,883
445,314
R eserv e fa n d «..
.....................
306,818
240,090
219,053
T a x es accrued, n ot d u e ................
249,896
508,117
463,329
524,430
502.654
Infc. and rental accru ed, n ot due
1,032,846
1,054,727
1,313,711
Int. and rental due a*id unpaid. 1,829,790
810,947
1,105,*17
1,185,203
A u d ited v o u ch o rs ..... ..................... 1,077.278
600.601
623,695
728,551
P a y roils, J u n e .......... ...................
672,011
422.970
326,470
113,303
23.466
D ue c o n n e ctin g lin es...................
23*). 197
106,034
440,755
D ue in d lvld 's. an d c o m p a n ie s ..
282,663
197,231
177,196
116,168
M aseeU aneoui a c c o u n ts ..............
1.139.831
P rofit and lo s s...............................
1,151,951
895,717
1,452,225
I n t e r e s t a n d r e n t a ls .
5 2 ,7 9 6 ,1 0 9
L ia b ilitie s —
In addition to above charges is to be deducted “ car trust
notes matured,” amounting in 1897-98 to §82,373, making
total deficit $155,413.—V. 67, p. 176.
'
Iowa Central Railway.
( S ta te m e n t f o r the y e a r en d in g J u n e 3 0 , 1 8 9 8 .J
B a la n c e , J s u r p lu s ............................. $ 4 0 0 ,4 0 0
$ 3 9 9 ,9 1 0
$ 3 7 5 ,5 6 9
GENERAL BALANCE SHEET JUNE 3 0 , 1 8 9 8 .
A s sets—
$
L ia b ilitie s —
$
C o s t o f r o a d a n d e q u i p . 7 0 ,1 0 8 ,7 7 2 C’ a p it a i s t o c k , c o m m o n . 5 8 ,1 1 3 ,9 8 2
Bt’ k s & b ’ d s o f o t h e r c o s .. 3 , 4 5 0 ,3 0 0 C a p it a l s t o c k , p r e f ........
5 ,0 0 0
S u p p lie s o n h a n d ............
2 3 0 , 111 F u n d e d d e b t ......................1 3 ,9 7 5 ,0 0 0
3 0 0 ,0 0 0
A c c r u e d i n t e r e s t ............
8 ,8 1 0 L o a n s a n d b i ll s p a y a b le
D u e b y a g eu ts, a c c o u n t
I n t on fd . d e b t d u e an d
o f t r a f f i c ...........................
5 2 4 ,5 9 0
a c c r u e d ..............................
1 3 5 ,0 0 0
D u e b y o p e n a c c t s ., e t c .
2 9 3 ,0 7 6 D u e f o r w a g e s a n d s u p
2 4 6 ,1 8 8
Cash on hand..................
1 70,271 D u e o u o p e n a c c o u u t s .
2 2 5 ,5 6 0
L o a n s a n d b ills r e c e i v . .
8 4 0 ,4 8 4 O v e r d u e c o u p o n s , n o t
Fit* d ..........................
1 9 ,5 1 2
P r e f. st’ k red em p . fu n d .
5 ,0 0 9
C a r s u n d e r l e a s e ................
1 7 ,5 0 3
1 7 ,5 0 3 B a l. u n d e r c a r tr. a g r e e .
P r o f it & l o s s , s u r p l u s .. . 2 ,6 1 1 ,1 7 3
T o t a l ............................... 7 5 , 6 1 8 ,9 1 7
— V . 67, p. 321.
T o t a l ...............................7 5 ,6 4 8 ,9 1 7
Boston & Maine R ailroad.
( S ta te m e n t f o r th e y e a r en d in g J u n e 3 0 , 1 8 0 3 .)
In advance of the pamphlet report, the statement of results
for 1897-98 has been issued, which we compare with previous
y e tfw :
The results for the late fiscal year compare as follows :
1897-98.
$
Gross earnings....................................1,880.126
Operating expenses........................... 1274,656
Netearnings........................................
Fixed charges.....................................
Balance, surplus for year........
605,470
443,098
162,372
1896-97.
$
1895-96
$
1,571,992
1 , 1 0 0 ,1 6 1
1,854,044
1,159,453
471,» 3 i
438,276
* 694,591
436,049
33,555
258,542
Balance sheet of May 31 (June 30 not yet ready) shows:
}
B A L A N C E SH E ET M A Y 3 1 , 1 8 9 8 .
I R o a d a n d e q u ip m e n t..$ 2 0 ,9 9 4 ,2 4 4
S t o c k a n d s c r i p .............. $ 1 4 ,1 5 1 ,3 8 9
B o n d s ..................................
6 ,3 5 5 ,6 4 5
R e o r g . C o m . C I. R C o .
5 ,5 4 2 ,9 6 6
I n t. rlue a n d a c c r u e d . .
1 6 0 ,9 5 0
S u n d r y a c c o u n t s ..........
2 4 4 ,7 4 6
5 ,5 2 0
I m p r o v e m e n t s ..............
72,8 59
M i s c e l l a n e o u s ................
B a la n c e t o c r e d it o f
6 9 0 ,41 2
i n c o m e a c c o u n t .........
1 8 7 ,7 4 9
S u p p li e s ................
C n s b .......................
1 5 7 ,3 5 0
I S t o c k a n d b o n d s .........
5 ,5 4 2 ,9 6 7
1 2 0 ,2 0 3
, S u n d r y a c c o u n t s ..........
I m p r o v e m e n t s . . . ........
5 2 ,1 9 0
!
N e w e q u i p m e n t (p a id
f o r ) . . . ...............................
1 6 6 ,8 7 6
I n s u r a n c e ...........................
2 ,9 0 8
$ 2 7 ,2 2 4 ,4 8 7
$ 2 7 ,2 2 4 ,4 8 7 "
- V , 06, p. 616.
THE
868
Fitchburg Railroad.
Oregon Short Line R ailroad .
( R e p o r t f o r the y e a r e n d in g J a n e SO, 1 8 0 8 .)
$7,350,470
5,083,571
1,507,639
Balance fordivlilontlB
$708,200
Dividend*....................... .( I p. tM 605,0*2 ( i p
Balance,surplus
—V. 6 7, p. 319.
$033,299
c.) (‘ 03,734
-
$74,901
2,208
$29,515
$72,693
$103,238
Buffalo Railway.
1897-98.
1830-97.
1895.96.
1894-95.
Grofs earnings..........$1,356, *93 $1,326,972 $1,370,522 $1,274,763
Operating expenses.
677,936
668,854
630.01*2
655*124
$878,357
2 .218
$658,118
23,910
$690,480
24,464
$619,689
21,322
Total net income. $703,605
416,816
Interest, taxes, e tc ...
$682,028
427.122
$711,911
117,148
$043,961
403,517
Balance, surplus. $286,789
$254,906
$297,790
GENERAL BALANCE SHEET JUKE 30.
18)8.
A n tis —
1SU8.
1898.
18*7,
( Li>ii)itiri’ —
$240,414
15.3? O.500
itoa d A equ ip
.$11,00 .523 $11,810,'H - ( Co*u. stock
U. l R
.0,'«00
S ecu rities ow n ed 1.2L5.07U
m s .S H I F u n d e d d e b t
Supplies o n hand
35,3R$
2 2 , 7 - t i "L o a n s and b ills...
771.701
Due by agents ..
5.450
4.035 In te r e s t................
102.740
O pen a c c o u n ts ..
52,752
££H,5531 W a n e s A s u p p lie s
H',7i-2
Cash on hand ...
20,870
11,»5 y Opsn accounts .
233.660
Protit S !o ? s .......
c,
Oc‘9,591
1896-97.
$ 4 6 ‘■,429
312,734
Net earnings........ ........................................ .$162,832
Other income................................... .....................
4,087
$152,695
3,264
.$106,919
. 160,006
$155,959
142.809
Total........................... $5,864,489
$13,150
Liabilities .
Capital stock................$2,860,000
2,830,000
Funded debt ...
Loans & bilU payable.,
5,16S
tut. on funded debt due
and accrued..... .........
Due for wages & sup...
Due on open accounts.
Profit and loss surplus.
Total.
The earnings for the late fiscal year have been compiled
and comp ire with previous years a3 follows :
T ears end. J u n e 30—
1898.
Gross earnings .. . .................
$000,281
Operating expenses..... ..............
375,05 i
Net varumgs............... ........
1897.
$618,414
392,323
1806.
$764,4 53
410,543
$301,631
$256,091
$347,910
$220,455
2 4 ,-7 *
82,164
$220,227
26,119
82,101
$201,290
38,075
85.890
$ 3 2 8 ,4 4 7
$ 3 2 5 ,2 5 5
s u r $ 2 2 ,6 5 5
D ed u c t—
Interest...................................
Taxes..............
Rentals, etc .- ..........................
................... .................
$ 3 2 7 ,1 9 5
. . . . . . .....................d e f .$ 2 2 ,5 6 4
def $ 7 2 ,3 5 6
GENERAL BALANCE SHEET JUNK 3 0 , 1 8 9 8 .
I L ia b ilitie s
Cost of roa»i and e q u ip . $8,796,044 |Capital stock, c o m ....
1 >-97-98.
Gross earn ings................. ..........................*........$189,831
Operating expenses............ ............................... 3 2 <,002
Balance............................................................. $6,853
GENERAL BALANCE SHEET JUNE 30, 1893.
$158,994
( E a r n i n g s f u r th e y e a r e n d in g J u n e SO, IS O S .)
Assets—
T o t a l . .. . ... .$18,^51,017 $1>.52>.0j i
Total net income.
Interest jind taxes.. . .
Total not Income............................ ........................................$2,(127,582
Fixed interest and sinking fund— ............ ........................... $1,934,103
5 per ecu'. payaMe Sept. 1, isns n n ’'A " incomes..................
359,250
8 per c e n t , payable Oct. 1, 1898, on "IF ’ Incomes...................
445,230
Total..
CROSSTOWN STREET RAILW AY.
Coat or road < equlp’t. .$5,657,830
fc
Supplies on hand..........
4,023
Due by open accounts.
170,061
Cash on hand------ ------b2,573
$2,728,598
108,9 - 4
Balance....
( E a r n i n g s f o r y e a r e n d in g J u n e SO. 1898. J
A s s e ts.
......$ 2 ,2 4 0 ,8 0 8
Staten Island Rapid Transit. RR.
Earnings, expenses, etc., have been as follows :
T o ta l.............. $13,331,017 $12,525,021 j
1 897-s.
$ ‘>,317,053
3,588.400
Balance surplus ........................................... ..........................
—V. 66, p. 1141.
( E a r n i n g s f o r th e y e a r e n d in g J u n e $ 0 , ISO 8 . )
Net earninas----Other income..........
income bonds was issued the following:
Net earnings...
Ollier income..
$ 2 ,2 7 5 ,8 0 9
N e t e a r a is & r s ___
lo t., taxes and rentals..
payments on" the
1896-7.
Gross earnings.........................................$5,726,247
Operating expenses ......................... ..
3,479,3 9
1807 ys.
Operating expenses— ..
7,s )
’.'/,?
Accompanying the announcement this week of dividend
(S ta tem en t fo r y e a r en d in g J u n e 3 0 ,
A preliminary statement for the late fiscal year has bean
furnished the C hronicle, as follows:
Grossvrmiiuu®*
fVoL. LXVII.
C H R 3M C L 1
$5,864,489
—V. 67, p. 318.
Manhattan (Elevated) Railway.
Stocks au«l bonus of
other companies.......
Other permanent in
vestments...................
Supplies on hand _____
Due by agents, ac
count of traffic..........
Due by opeu accouuls.
Cash on baud. . . . .......
Profit and loss, deficit.
$500,000
Funded d e b t............ . . 8,000,000
512,253 I L ians and bills payable
879,707
I Interest on funded debt
78,185
5,000 | due andaccrued____
29,427 Rentals due and ac16,623
I erned....................
79,532 |Due for wages aud
433,65? i supplies............
101,847
334,425
47,490 |Due on open acoounts.
162,000
169,389 I Real estate mortgages.
Total...................... $10,072,7
792
Railway Equipment Company o f Minnesota,
( R e p o r t f o r th e y e a r en d in g A p r i l SO, 189 8 )
President George Coppell has famished the following
stat-emont of operations for the late fiscal year :
1897 8.
-1 8 ,0 1 1
GENERAL BALANCE
The financial results for three fiscal years are shown below
A s s e ts —
and also the general balance sheet as o f June 30, 189S, and Equipment......................$1,173,934
1897. The reduction in interest charges for 1896-97 is doe to Investments— ........... 333,002
2,556
the refunding on Jan, 1, 1896, of $8,500,000 7s into cons. 4s: Accrued interest..........
1895-6.
$90,4 86
9.016
..$97,295
Miscellaneous.
1896-".
$84,870
li,4 5 0
$99,320
$99,502
..$31,910
.. 59,790
664
C h arges—
Total charges.............................
Balance, surplus, for year..........
( R e p o r t f o r th e y e a r e n d in g J u n e 3 0 , 1 8 9 3 . )
Total.....................$ 1 0,07 2,79 2
- V . 67, p. *275.
$34,051
59,790
1,205
$37,558
59,790
1,3*0
..$92,364
$95,046
... $4,931
$4,274
SHEET M AT 1, 1898.
L ia b ilitie s —
Capital stock..................
First mortgage 6s.........
Accrued interest...........
Rentals, not dne_ . . . .
_
Balance, surplus.........
$98,688
814
$996,500
511,000
12,775
...
...
1897-93.
9.183,511
5,326,659
1896-' 7.
9,163,740
5,302,351
...
3,*56,*82
2 il,7 1 6
3,861,389
180,276
7 .0 0 1
Cash & bills reo. in N.Y.
16,709
Cash in London,......... .
121
49,016
Loans..............................
50,000
1895-96.
9,256,9 U
........$ 1 ,5 7 6 ,3 2 3 J
Total...................I . . . $1,576 323
Total.......
5,530,95 3
—Y. 63, p. 22
3,725,973
American Cereal Company.
232,520
.. .
4,068,598
4,041,665
3,95 S,493
...
3,889,679
1,886,846
820,170
2.161,674
678,723
. . . 2,615,323
...
1.423,275
. (-1%) 1,200,000
2,707,016
1,334,619
(5) 1,500.000
2,840,397
1,118,098
(0) 1,800,000
___ but.223,275
dof.165,351
(lcf.6il,904
EARNINGS, EXPENSE! AND CHARGES.
Other Income.
D ed u ct -
Interest on
Taxes..........
Total ...
GENERAL I1AH N CE SHEET JUNE 3 0 .
A s s e ts .
1898.
Cost of road and equipment.............................$00,477,117
C o s t o f l e a s e s .................................................................. 1 1 , O i l ,0 0 0
Other permanent investments, real estate.
supplies on hand........................................
D a e on account of traffic.................................
k,592,04-5
242.101
Due by companies and Individuals.................
8,679
6,408
h a n d ............................ ............... .......................
1 0 0 ,9 5 8
Lo ms on call............................... ........................
140,000
■lay G o u ld s u r e t y s h i p ...............................................
3 0 0 .0 0 0
Bedemp. JT Y. E. Itlt. 1st 7- and lut. thereon.
.
Sundries....................... .........................................
8,622
10*, 625
Cash o n
If
1
(B a l a n c e S h e e t o f D e c . 3 1 , 1 S 9 7 .)
I f 97.
$58,885,1 it
14,014,000
2,3113,774
233.521
8,957
18.915
97,531
140,000
3 0,000
12,880
516,628
Total asset-...................................................... $78,001,885 $70,'0 1 ,31 7
L ia b ilitie s .
Consolidated capital stock..................................$30,000,000 $30,000,000
Funded d e b t......................................................... 39,546,000 39,545,000
Loans and bills payable.................... ............. . 1,4 25,000
730,000
Interest on funded debt due and accraed—
357,250
317,710
Dividends unpaid..................
57,874
7.374
Due for wages and supplies, eto........ ............
436,881
425,477
Taxes in litigation..............................................
1,033,317
830,634
Dne companies and Individuals.......................
7 0 ,1 7 2
60.0U3
Convertible bond certificates...........................
45,035
50,035
Manhattan Ity. 4 per cent bonds, special___
300,000
300,000
Sundries...............................
9.554
9,086
Profit and loss (surplus)..................................... 4,721.272
4,497,996
The American Cereal Co. is an Ohio corporation, organized
in 1891, that took over the business of several m untfaotarsrs
of cereal prod acts, on account o f which fact it is frequently
called the “ O it M;al Trust.” Its outstanding capital stock
is §3,341,700, and its dividends in 1895 were 6 percent per
annum; in 1896, 3 per cent; fa 1897 and. since, 6 per cent,
payable Q-F. Business is reported as m loh better than a
year ago, and the managers are said to have recently advised
that :JU).t,00) be set asi^e yearly from earnings to provide for
the outstanding bonds, A press dispatch also says that it is un
derstood tli9 company has acquired control of the Corle &
Son Oat Meal Co. of Kansas City, waose plant has a capacitv
of 1,0(0 cases a day.
The balance sheet is as follows:
BALANCE SHEET DSC i
A sects_
Property account..........$3,052,338
Construction account..
Grain Slocks...............
Manufactured products
Cooperage and hags .
Package material........
Sundry supplies............
Bills receivable........... .
Accounts receivable..Cash..................... - ..........
L ia b ilitie s —
Capital stock................. $3,341,703
836,800 1st M. 6a, J. A D ., 1911**1,257,300
713,410 Bills payable
766.000
283,01)3
04,107
78,8 3 "
73,957
7,n00
971,OtO
<50,766
Total assets................ $7,037,523
Accounts payable.........
Surplus account..........
Depreciation aaoouut,.
Profit A loss ttooount..
193,886
62 ,000
228.000
(544,636
Total....... ...................... $7,037,523
* After deducting treasury bonds $312,700.
The bonds are secured by mortgage for $1,610,009 to the
Northern Trust Co. of Chicago as trustee. The President, of
the American Cereal Co. is Ferdinand Schumacher and the
Secretary and Treasurer Hugo Schumacher. The main office
Total liabilities................................................ $78,004,885 $76,791,317
is in Chicago.
— V. 67, p. 222.
A ugust 3 \ 1898.J
THE
C H R O N IC L E .
369
Wagner Palace Car Co.
R a il r o a d s
M ir . C o . s — ( C o n .) —
V o lu m e s 6 6 a n d 6 7 —
P a g e.
C S ta te m e n t f o r y e i r e n d in g J u n e 3 0 , 1S9S. )
K in g s to n & P e m o ro k e ...........plan. 4 7 4
L i i t l e lo c k H o t S p r in g s & T e x a s
unvut* b-ds until Oct. 1 .3 * i0
N ew ark (N . V . > W ater W o r k s .. <ale.2 7 ■>
New i wleans & W e st, .rcc'vrs.cerr.:$2i)
The earoings for the fiscal year eniing Jane 30, 1898, com
pare as follows:
1893.
G r o s s ..................$ 3 , 6 8 1 , 2 1 4
N e t ......................... 1 ,2 1 4 ,6 8 3
— V. 63 , p. 503 .
1897.
$ 3 ,4 3 6 ,2 8 1
1 ,4 2 4 ,3 3 6
1896.
$ 3 ,6 6 0 ,3 3 3
1 ,5 6 7 , 8 9 1
1 8 -5 .
$ 3 ,3 6 8 , >42
1 ,5 6 0 ,1 8 7
Central Coal & Coke Company.
( S ta te m e n t o f J u n e 1 , 1 8 0 8 . )
This company was organized under the laws of Missouri,
April 16, 1893, and succeeded to Tue Keith & Perry Coal Co.,
of Kansas City, Mo.; the Bowie Lumber Co., and WhitakeV
Tie & Lumber Co., of Texarkana, Tex.; the Ashdown Lum
ber Co., of Ashdown. Ark., and to the coal leases and busi
ness of the Missouri Coal and Construction Co. of Kansas
City, Mo.
The company is engaged in tbs mining of co il and the
manufacture of coke, lumber, railway ties, timber, etc.; it
has nine coal shafts fully equipped and in opsration in Kan
sas, Missouri and Arkansas, with an annual output of about
1,000,000 tons of bituminous coal. The saw and planing
mills of the company are located at Texarkana, Tex., and
Keith, La., and are prepared to tarn oat 90,000,000 feet
annually.
N. V. Ph ila. & N o n o lk . ieposits till
Auv. o .2 7 o
Ohio R iv e r & C h a rle s to n — ..sold.2 7 5
O h io S o u th e rn .deposits rill Am i.\0.223
P e o ria D ec. & Evansville../oredo;>’. * 7 5
iiictim o n d N ic h . Ir v . S B e a t ty s c
v ille ............................sale Se >t. 6 .2 2 3
Sta te n Is l. R a p .T r .m a fo / xdsdtrpos. ’ 7 5
do
do p-naltg after Auri.22.275
T a c o m a L a n d C o ..................... reevr. £7 5
W e st T r o y W a te r ...................reevr.2 7 ti
W heel. & L . E — ulan. 1142; forecl. I 2*4
do '2d inst, o f assess. 1239, 1 7 6 , ' { ^ 4
do
stock deposited. 276
W ise . Cent. Co.rcc'shp. pro
■ni'ler
R R . mort. of 1S/W .J7 6
do
do
Objection to foreclo.
—itep 'sitscalled or.2 7 6
8 T B E E T tL A IL W A Y s .
V ol n n es 6 6 a n d 6 7 —
P a g*.
B lo o m .& N o r.St. Ry.8old. i Os R, 1187, < 1 8
.
B r ’k ly n El.nodepo. i ts aftrr Julu 11.123
do
............ Brill ie contract.2 1
do
Ro cka wa u tr>i ins. 1 2 1 . 7 *
3
St r e e t R a i l w a y s .
Volum e 6 6 a n d Cj7—
Page.
B u fla lo K e n m o re & T o n a w a n d a
E le c t r ic .......... .......reevr. 1013,1230, 2 7
C a la is & B a r in g ....... ................s a l c . l ^ i
D e la w a re iO .) E le c . S t . R y . ... sold.2 7 £
D o lg e v ille (N . Y .) E l. L . & P ..reevr. 2 H
D u lu t h S tre e t R y .................... recur. 73
F t. W a y n e (in d .) C on solidated Ry.
foreclosure degree.125
Le w is to n & A u b u r n ............. sale. 1 2 6
L y n ch b u rg (V a .)E le c. R y .& L ig h t..
reorganized co.274:
eadjustment of
capitalization. J 9
N e w b u rg E le c . R y ...............default. 1090
N.0.Trac.p£a«.*.£9; reorg.postoon’d.I i i 6
P ac. Ry.stockholders assessed 68 o c. 1 2 7
S a n d u s k y (O .) Stre e t Ry.sold.30, 1 2 7
Su b u rb a n T ra c .(O ra n g e , N .J.).s •hi. 7 5
T e rre H a u te E le c .R y .......bondhold
ers’ co nmitt.ee; deposits asked, ...3*23
U n io n IT a c . o f S . J ..deposits. >
090 1142
do
do
....mans. 1 2 7 , 2 7 5
W e s t Knd Stre e t C a r Co. (S a n A n
to n io , T e x a s >.....................receiver. 3 2 4
W ilk e s b a r r -o t N o rth e rn _ lenrglVJO
_
Z a n e s v ille Stre e t R R ..rcorg. com.;
N a ssau E le c t r ic —
1
d posits called j o r . 3 2 3
1
American Fisheries Co.— D iv id e n d .—The directors have
declared a dividend at the rate of 7 per cent per annum on
the §2,000 000 preferred stock The dividends on this stock
are payable J. & J., butj’this, the first payment, is for 314
per cent of the amounts pailon a ccount of subscriptions, and.
FINANCIAL STATEMENT JONE 1 . 1 8 9 3 .
is payable Sept. 1st. John J. McAuliSe is Secretary.—V. 67,
L ia b ilitie s .
p. 317.
C o a l l a n d s ........................... $ 2 , 1 0 1 ,3 5 5 C a p it a l s t o c k ..................... $ 3 , 0 0 1 , 0 0 1
American Mail Steamship Co.—Boston Fruit Co.—The
7 8 1 ,6 0 1
K o n d s .......... ..........................
T i m b e r l a n d s .....................
4 8 7 ,4 5 6
Admiral Dewey, first of the tour 2,030 ton twin screw steam
3 2 1 ,0 1 2
C o a l s h a f t s a n d b 'lrt’ g s .
4 7 3 ,7 0 7 U n d i v id e d p r o t i t s ...........
Audited bills..................
191,443 ers which are to be covered by the mortgage filed by the
S a w m ills a n d iin p ’ m ’ t s
3 5 9 ,5 0 0
1 3 1 ,9 3 3
R e a l e s t a t e .........................
2 4 ,6 2 2 B i l ls p a y a b l e .....................
American Mail Steamship Co. la^t March, was launched this
P i t t s . & C o l. R y . e x t e n .
7 ,3 2 5
week at the Cramp ship yards. The vessels, it is stated, will
P e r s o n a l p r o p e r t y .........
5 1 ,1 2 1
A rk a n sa s & C h octa w
be run by the Boston Fruit Co., and will furnish weekly
E r . C o . s t o c k .................
1 7 7 ,0 0 0
mail and passenger service to West Indian ports as far as
R . H . K e it b , T r u s t e e . ..
6 6 ,9 6 5
Jamaica.—V. 66, p. 615.
A . E . S t i lw e l l, T r u s t e e .
1 4 8 ,9 9 0
A c c is . f o r c o lle c t io n ,
Arizona C opper— R e c o n s tr u c tio n .—An extraordinary gen
8 t o e k s ,e to .,o v e r o p e n
eral meeting was held on the 37th ulc. for the purpose of
a c c o u n t s ...........................
4 6 1 ,2 0 4
passing ( i n t e r a d a ) the following resolutions :
C a sh ................................
60,811
T o t a l ...............................$ 4 ,4 2 7 ,3 8 8
T o t a l ...............................$ 4 , 4 2 7 ,3 3 8
The capital stock is $1,500,000 five per cent cumulative
preferred and $1,500,000 common; shares, $100. Registrar
of stock, Continental Trust Co., New York.
The officers and directors are as follows :
D i r e c t o r s — R . H . K e it h , A . E , S t i lw e l l, J >hn P e r r y , O A . B r a l e y , J .
M c D . T r i m b le , G . F. P u t u a m , J . J . < .t i m e s , K a n s a s C i t y , M o .; E . P .
M e r w i n , A . H e n k s c h e r , N e w Y o r k , N . Y . ; E . T . S t o t ^ s b u r y , P h il a d e l
p h ia . P a .; C . W . G o n d l a n d e r , F o r t S c o t t , K a n .
O ff ic e r s —R . H . K e it h . P r e s id e n t ; A . E . S t i l w e l l , V i c e - P r e s id e n t ;
J o h n P e r r y , G e n e r a l M a n a g e r ; F . B . W i l c o x , S e c r e t a r y : J . C. S h e r
w o o d , A u d i t o r ; E . E . R i l e y . T r e a s u r e r : J . J . C a ir n e s , A s s i s t a n t T r e a s
u r e r , K a n s a s C i t y . M o .: N a t h a n ie l N o r t o n . A s s i s t a u t S e c r e t a r y a u d
T r a n s f e r A g e n t , N e w Y o r k , N . Y . G e n e r a l O ffic e , K e it h & P e r r y
B u il d i n g , K a n s a s C i t y , M o . T r a n s f e r O ffic e , 1 N a s s a u S t ., N e w Y o r k ,
Y —V . 66, p. 425.
San Francisco Breweries (Lim ited).
{R e p o r t f o r Y e a r E n d i n g A p r i l 3 0 , 1898).
The report of the directors says :
R e d u c t i o n o f P r i c e s . - - I n th e e a r l y p a r t o f th e y e a r u n d e r r e v i e w c o m
p e t i t i o n hacl b e c o m e v e r y k e e u , a n d It w a s r e c o g n i z e d t h a t e x c e p t i o n a l
s t e p s m u s t b e t a k e n in o r d e r t o m e e t it a n d t o r e g a i n l o s t t r a d e . A c
c o r d i n g l y t h e p r i c e s o f t h e c o m p a n y 's b e e r s w e r e r e d u o e d , w it h th e
r e s u l t t h a t th e c o m p a n y g r a d u a l l y r e c o v e r e d it s t r a d e a u d a t l e n g t h
in d u c e d t h e c o m p e t i n g b r e w e r i e s t o c o m e t o a n a r r a n g e m e n t f o r r a i s
i n g p r i c e s a u d c u r t a il i n g e x p e n s e s . T h is a g r e e m e n t w a s e n t e r e d in t o
l a M a y la s t a n d is w o r k in g s a t l - f a c t o r i l y , a n d p r o f it s h a v e a l r e a d y
b e g u n t o s h o w a c o n s i d e r a b l e im p r o v e m e n t . T h e e a r u i n g s o f t h e y e a r
h a v e b e e n £ 2 1 ,4 0 0 2s. 9 d . b e fo r e o h a r g in g d e p r e c ia t io n a n d d e b e n tu re
i n t e r e s t . N o d e p r e c i a t i o n is p r o v i d e d , a s in v i e w o f a r e c o n s t r u c t i o n
s c h e m e i t is u n n e c e s s a r y t o m a k e th is p r o v i s i o n , e s p e c i a l l y as
t h e l a r g e a m o u n t o f £ 1 4 ,0 0 0 h a s b e e n w r it t e n
o f f p r o f it a n d
lo s s a c c o u n t f o r
r e p a i r s a n d r e n e w a ls .
F r.»m J u n e
la s t , a n
e x t r a t a x o f o n e d o l l a r p e r b a r r e l h a s b e e n im p o s e d b y t h e G o v e r n
m e n t f o r w a r p u r p o s e s . T h e s e l li n g p r i c e lia s b e e n i n c r e a s e d b y a
s im ila r a m o u u t.
R e c o n s t r u c ti o n .— T h e q u e s t io n o f t h e r e c o n s t r u c t i o n o f t h e c o m p a n y
h a s h a d c a r e f u l a n d c o u s t a u t c o n s i d e r a t io n b y t h e d i r e c t o r s , in c o n
j u n c t i o n w H h t h e c o m m i t t e e o f s h a r e h o ld e r s a p o o i n t e d a t t h e g e n e r a l
m e e t in g in A u g u s t la s t . M a n y u n e x p e c t e d d i ff i c u lt i e s h a v e a r is e n
f r o m t im e t o t im e , c a u s i n g c o n s i d e r a b l e d e l a y in t h e n e g o t i a t io n s ,
w h ic h h a d t o a w a i t t h e c h a i r m a n 's r e t u r n , b lit it is h o p e d t h a t t h e
b a s is o f a s a t i s f a c t o r y s c h e m e m a y n o w b e q u i c k l y a r r i v e d a t , a n d as
e a r l y a s p o s s i b l e f u ll p a r t i c u la r s w ill b e c o m in u u ie a t e d t o t h e s h a r e
h o ld e r s , so th a t th e y m a y h a v e a m p le o p p o r t u n it y o f c a r e fu lly c o n
s i d e r in g t h e p r o p o s a l s b e f o r e t h e s p e c i a l m e e t in g w h ic h w il l b e c o n
v e n e d t o c o n s i d e r th e m .
GENERAL INVESTMENT NEWS.
Reor^anizatinng, E tc.—Latest D a ta a s to D e fa u lt s . R e o r
g a n i z a t io n P la n s , P .i y m e i t o f O v er d u e C o u p o n s , E tc .—All
facts of this nature appearing sin ce tne publication of tha last
issues of tha I n v e s t o r s ’ ami the S t r e e t R . u l w a v S u p p l e
m e n t s may be readily found by means of the follow ingindes.
This index does n o t include matter in to-day’s C hronicle ,
Full-face figares indicate Volume 67.
R a t l r o a d s a n d M i s o C o ’8— (C o n .)
R a i l r o a d s A M is . C o . ’ s .
V o lu m e s 6 6 a n d 6 7 —
P a pe.
Volum es 6 6 a n d 67-*—
Page.
A p p leton ( W K ) IV a ttr .......... r c v r .2 2 1 C enr. P a c. .G ovt, foreclosure suit. .3 * H
B alt.
O h io .coupo sM Q ,S59. 1013, 2 7 Central V e rm o n t — int. paym en t.2 7 J*
< ent. W ash in gton . re.org. find: plan. 953
do
p in *».’!
do
reor'j. m a br?.tOS8,
I C h ic. F t. M adison & D os M o in e s...
do
do
do
do
3885,27,221 ;
rc v r.2 2 &
plan operative.2 7 3 j Cincin. & M nsk. V a l. successor co.2*2 2
su it of pT'J. share
C o l. San.& Ilock.r^oru plans. l 7 6 , '^ 2 2
holders filed. 2 7 * I D en ver Head v. St G unnison, .for eel.* 1 9
---- year’a earnings. 3 1 8
H u d s o n T u nnel R y . .. .foreclisure.22 2
do
do
d>
do
Butt. Belt bonds dtp.:I I S j
.................rtorQ.%/7 4
do
do
K e a rn e y & B la c k H il ls .........sale.^2 i
eatral Br., U. P
sold.053.1043;
plan. 1139. 7 'l I K in gtle fd & D e ad R iv e r .......... sale.2 2 2
I. T h a t e a c h [ .r e f e r r e d s h a r e o f 1 1 s h a ll h e d i v i d e ! i n t o f o u r s h a r e s
o f £ 1 e a c h . T h a t t w o o f t h e s e s h a r e s s h i l l h e o a lt e d p r o f e r e n o i
sh ares an d t w o o r d in a r y sh ares.
I I . T h a t e a c h o f t h e 7 5 .0 0 0 p r e f e r r e d s h a r e s o f £ 1 s h i l l h o d i v i d e d
in t o t w o s h a r e s o f 1 0 s. e a c h . T h a t o u t o f t h e s e s h a r e s s h a ll he c a l le d
a d e fe r re d p r e fe re n ce s h a re a n d th e o th e r a d e fe r r e , o r d in a r y sh a re.
I I I . T h a t th e , 5 .0 0 0 d e f e r r e d p r e f e r e n c e s h a r e s o f 10s. e a c h , a r i s in g
f r o m th e s u b d i v i s io n o f d e f e r r e d s h a r e s , s h a ll h e c o n s o l i d a t e d a n d
d iv id e d in t o 3 7 , 5 0 0 s h a r e s o f £ 1 e a c h , a n d t h a t t h e s h a r e s s o a r i s in g
s h a ll h e c a l l e d p r e f e r e n c e s h ir e s , a u d t h a t t n e 7 5 .0 0 0 d e f e r r e d o r d i n a r y
s h a r e s o f 10s. e a c h a r i s in g f r o m t h e s u b - d i v i s i o n o f d e f e r r e d s h a r e s
s h a ll he c o n s o l i d a t e d a n d d i v i d e d l o t o 3 7 , 5 0 0 s h a r e s o f £ 1 e a c h , aD d
t h a t th e s h a r e s s o a r i s in g s h a ll h e c a l l e d o r d i n a r y s h a r e s .
The present capitalization, etc., was indicated in the
of Jane 4, 1S98, in connection with the plaz then
presented, see T. 66, p. 1087.
Ballston Term inal R R . — L is t e d i n P h ila d e lp h ia ,—The
$250,000 hrst mortgage 5 per cent gold bonds have been
placed on the regular list at the Stock Exchange. They are
a first mortgage on ^rcud at Ballston Spa, N. Y., that con
nects the mam line of the Delaware & Hudson RR. with the
manufacturing establishments at that point.
Baltimore * Ohio R R .— R e o r g a n i z a t i o n C ertifica tes L is t e d .
te
—Tne New York Stock Exchange has admitted to dealings
the reorganiz ition certificates of deposit for all the issues of
bonds and stocks embraced in the plan, that bad previously
been listed. This includes all the securities disturbed ex
cept the Chicago Division 5s (a sterling loan), the Washing
ton City & Point Lookout bonds and the Akron & Chicago
Junction preferred stock.—Y. 67, p. 318.
Bay State Gas Co. of Delaware—New England Gas &
Coke.— L it i g a t io n ,—At Wilmington, Del., on Aug. 11, Frank
C. Jones, of New York, brought suit in the United States
Court to 3et aside a deed of trust given by the Bay State Gas
Co. of Delaware to Henry H. Rogers, John G. Moore and
Frank W. Waitridge. The allegations of the plaintiff are
reported as follows :
C h r o n ic l e
J o n e s c la im s t h a t h o is t h e o w n e r o f 1 .5 0 0 s h a r e s o f t h e s t o c k o f t h e
B a y S ta te G a s C o . o f D e la w a r e , t h a t u p t o N o v . 1. 1 8 9 8 , it o w n e d t h e
s to c k s o f th e B a y S ta te G a s C o. o f N e w J e r s e y , b u t th a t J . E d w a rd
A d d io k s t r a n s f e r r e d t o t h e t r u s t e e s n a m e d 1 0 ,0 0 0 s h a r e s o f t h e s t o c k
o f t h e B a y S t a t e C o . o f N e w J e r s e j T, w h ic h e n a b le d t h e m t o v o t e t h e
p r o x ie s o f c e r ta in M a s s a c h u s e tts g a s s t o c k s o w n e d b y th e N e w J e r s e y
c o m p a n y ; t h a t t h e y e l e c t e d t h e o f fic e r s o f t h e M a s s a c h u s e t t s c o m
p a n ie s a n d t h e n m a f ic a c o n t r a c t b e t w e e n t h e m a u d t h e N e w E n g la n d
G a s & C o k e G o ., w h ic h t h e y c o n t r o l , t o m a k e g a s f o r t h e M a s s a c h u
s e t t s c o m p a n i e s a t 3 0 c e n t s a t h o u s a n d f e e t , w h ic h is e x c e s s i v e , a n d
a ls o c a u s i n g t h e p la n t s o f t h e M a s s a c h u s e t t s c o m p a n i e s t o h e id le a n d
b e c o m e v a l u e l e s s . —V . 6 7 , p . 2 2 1 , 2 7 5 .
Bear Valley Irriga tion Co. of Redlands, Q r \.— R e o r g a n i
“ Pacific Banker and Investor”
z a t i o n .— N e w 'B o n d s .— T h e
says:
F o r m o n t h s t h e r e h a s b e e n t a l k in R e d la n d s o f a p r o p o s i t io n f o r t h e
t r a n s f e r o f t h e B e a r V a ll e y R e s e r v o i r aDd p l a n t f r o m t h e S a v in g s &
T r u s t C o . o f C l e v e l a n d . O h io , t o t h e w a t e r u s e r s . R e c e n t l y A . G .
H u b b a r d , w h o r e p r e s e n t s t h e S a v in g s Sc T r u s t C o ., m a d e a p r o p o s i t io n
to d is p o s e o f th e p r o p e r t y , a n d a c o m m itte e w a s fo r m e d , c o m p o s e d o f
tlie P r e s id e n t a n d S e c r e t a r y o f e a c h w a t e r c o m p a n y u s in g w a t e r f r o m
t h e B e a r V a ll e y s y s t e m , i t w 'as d e c i d e d t o is s u e b o n d s b y t h e n e w
c o r p o r a t i o n , t o b e f o r m e 1, in t h e a m o u n t o f $ 7 0 0 ,0 0 0 , o f w h ic h $ 5 2 5 ,0 9 0 s h a ll h e t h e p u r c h a s e p r i c e , a u d th e r e m a in in g $ 1 7 5 ,0 0 0 f o r th e
e r e c t i o n o f a s u i t a b l e d a m in S a n t a A n a C a n y o n , t h e e x t i n g u i s h in g o f
s u c h lie n s a s m a y b e c o n s i d e r e d e x p e d i e n t , a n d f o r t h e g e n e r a l i m
p r o v e m e n t o f t h e p la n t . T h e b o n d s to m a t u r e a s f o l l o w s : $ o 0 ,0 0 0 i n
t h e fir s t t e n y e a r s , a t t h e r a t e o f $ 5 ,0 0 0 p e r y e a r ; $ 6 6 0 ,0 0 0 in t h e n e x t
f o r t y y e a r s , in 4<» e q u a l a n n u a l in s t a lm e n t s , o r , a t t h e o p t i o n o i th e
S a v in g s A T r u s t C o $ 2 .5 ,0 0 0 t o m a t u r e .i n t h e fir s t f iv e y e a r s a t t h e
r a t e o f $ 5 ,0 0 0 p e r y e a r ; $ 3 2 5 ,0 0 0 t o m a t u r e in th e n e x t n in e t e e n y e a r s
in 19 e q u a l a n n u a l i n s t a lm e n t s , a u d t h e r e m a in in g $ 3 5 0 ,0 0 0 t o b e d u e
a n d p a y a b le a t t h e e n d o f t h e 2 5 t h y e a r . I t is a g r e e d t h a t t h e lit i g a
t io n n o w p e n d i n g s h a ll h e p r e s s e d t o a s p e e d y is su e .
3 70
THE
C H R O N IC L E .
Brooklyn Ferry Co. o f Neir York-—B rooklj n £ Kerr York
Ferry Co.—
C o m p a n y . —The stockholders o f the Brooklyn
& New York Ferry Co. on Thursday formally ratified the
sale to
B. Hollins & Co. of a controlling interest in the
company. There were represented at the meeting 19,516
shares out of a total of 20,000, and the action of the stock
holders was said to have been unanimous. The 46-1 shares
not represented at the meeting were held by parties out of
town.
The Brooklyn Ferry Company of New York has been or
ganized to take over the property and will have a capitaliza
tion of $7,500,000 of first mortgage 5 per cent bonds
and $7,500,000 common stock.
Of the bonds $6,000,000
will be issued at once to pay for the $2,000,000 of stock of
the old company, purchased at 300. An additional $500,000
will be used to retire an equal amount of debentures, which
are subject to call and which will be paid off November 1.
The remaining $1,000,000 of the bond issue will be held in
the company's treasury, to provide for the payment of $1,000,000 underlying bonds. The stock will all he issued, but
$1,000,000 will be held in the company’s treasury.
The property acquired consists of the ferries from Roose
velt Street, New York, to Broadway, Brooklyn : from Grand
Street, New York, to Broadway, Brooklyn, and to Grand
Street, Brooklyn: from Twenty-third Street, New York, to
Broadway, Brooklyn. There are fifteen boats worth $125,000 each, besides the ferry-houses, etc., and also several
blocks of valuable water front and real estate at Broad
way, Brooklyn. The old company paid regular eight per
cent dividends and extra dividends annually.—V. 67, p. 273.
rVoL.
lxvh -
chises formerly belonging to the Columbia & Maryland R y.,
lfor a road projected to extend northwardly from the districtine through the suburbs of Washington' and through the
towns o f Bladenebnrg, Hyattsville, Riverdale. College Park
and Lakeland, to Berwyn, Maryland, and thence to the town
of Laurel. For the present the suburban line is to be com
pleted only as far as Berwyn. It will therefore embrace a.
succession of almost adjoining and prosperous towns, and a
populous territory, all lying within four miles of the district
line,
“ The issue of 5 per cent fifty-year gold bonds now offered
are dated August 11, 1898, and are for $1,750,000 ($1,500,000
outstanding) is secured by a first mortgage to the Baltimore
Trust & Guarantee Co., as Tx-ustee, upon all the property and
franchises of the company within the District of Columbia,
and the valuable suburban line to Berwyn.
“ The railway lines owned and operated, and thus included
by the mortgage, embrace about 33-24 miles o f track, The
lines within Washington City proper will furnish street rail
way facilities to densely populated districts of the business
and residence portions of the city, starting from the Treas
ury Building, reaching all of the principal public buildings,
markets, depots and squares, and spreading out through the
most prosperous and thickly settled suburbs, as will ap
pear from the map accompanying this prospectus.
“ The consolidation of these important railway properties,
forming one admirably planned system, was effected under
the liberal provisions of an A ct of Congress, approved June
27th, 1898, which authorized the formation of the new sys
tem and provided for the issue of bonds now being offered.
The new company’s capital stock is $1,750,000, all outstanding..
California Northwestern By.—San Francisco & Northern The bonds will have a sinking fund of $25,000 yearly from
Pacific By.— E x t e n s i o n a n d G u a r a n t e e d B o n d s . —The San any surplus remaining after payment of 6 per cent on the
Francisco papers report that the San Francisco & Northern stock, but they cannot he called. Interest is deposited with
Pac'fic has decided to guarantee interest at the rate of 5 per the Trustee to cover the period of construction, including the
cent per annum on not exceeding $1,500,000 bonds to be change from horses to underground trolley in the city and
issued at $25,000 per mile by the California & Northwestern the installation o f the overhead trolley on the suburban
upon an extension of 60 miles into the Redwood forests of lines.—V. 67, p. 74.
Mendocino and Humboldt counties, Cal. The California &
Commonwealth Electric (C hicago).— o r t g a g e F i l e d .—
’M
Northwestern was incorporated last March, with authorized
capital stock of $3,000,000, of which $220,000 subscribed.— The company has filed its mortgage for $3,500,000 to the
Northern Trust Co. as trustee. The Electric Company on
V. 65, p. 275.
Aug, 12 purchased from the Calumet Gas Co. the latter's
Central Stamping Co.—Tinware Trust.— A s s i g n m e n t .— electric plant at Garfield Boulevard and Wallace Street, and
The Central Stamping Co., manufacturers of tinware and part of the plant at Ninety-Sixth Street and Erie Avenue,
sheet metal articles, with factories in Brooklyn and in N ew South Chicago, for $500,000. The deal was signed by Martin
ark, N. J., made an assignment Thursday to'Alfred R. Tur J. Russell, President, and Lyman A. Walton, Secretary.—V.
ner, Jr. o f Paterson, N. .1. The company was organized in 67, p. 319.
December, 1384, with a capital stock o f $500,000, which was
afterwards reduced to $400,000. It absorbed five of the
Balias (T ex.) E lectric .— R e c e iv e r A p p l i e d F o r .—The
largest
concerns
in
the tinware trade in
the American Loan & Trust Co. o f Boston, as mortgage trustee,
country, and was therefore known as the “ Tinware has applied to the United States Court at Fort Worth, Tex.,
Trust.” The concerns absorbed were Lalance & Grosjean for the appointment of a receiver for the Dallas Electric Co.,
and Frederick Haberman & Co. of this city, E. Ketcham & interest on the bonds being in default. The property is said
Co. of Brooklyn. James Aikrnan & Co. of Newark, N. J., and to he valued at $388,000.
the St. Lonis Stamping Company, of St. Louis, Mo. The
Delaware Lackawanna & W estern R R .— Q u a r te r l y ,—
liabilities are stated as between $270,000 and $300,000—onethird for merchandise, one third for hank discounts and one- Earnings of the D. L. & W . leased lines for the quarter and
the 6 months ending June 30 have been reported:
third for loans. The nominal assets are understood to exceed
N et
In terest,
B a la n c e ,
$500,000—in machinery, plant, materials, merchandise and 3 m o n th s e n d i n g G ro s s
J u n e 30.
e a r n in g s .
ta x e s , e tc.
d e f. o r s u r .
accounts. The company owns no real estate. Its office is at 1893......................$1,640,488 e a r n i n g s .
$535,204
$619,248
def.'$83,984
25 Cliff Street.
1897
..
1.576.838
630,808
628,249
sur.
2,559
6 m o n th s .
Chesapeake Light & P ow er Co. o f Hampton, Ya.— C o n tr o l 1898
.......... 3.062,884
1,040,090
1,238,496
del. 198,406
P u r c h a s e d . — W. J. Payne, of Richmond, has exercised his 1 8 9 7 ..-.............. 2,812,304
1,082,685
1,256,497
det. 173,812
option and purchased practically the entire capital stock of —V. 67, p. 221.
the company at 110. The company is reported as supplying
Elizabeth (N. J.) Street Ey.—P u r c h a s e f o r $ 2 5 0 ,0 0 0 .—
between 5,000 and 6,000 incandescent and about 80 arc lights,
Ex-Congressman John Kean in arranging to purchase for
and has an ice plant with a capacity of ten tons a day.
$250,000 from the Union County Board "of Chosen Free
Chicago B urlington & (Juincy R B .— D i v i d e n d In c re a sed . holders a franchise to build an electric line from Elizabeth
—The directors on" Wednesday increased the quarterly divi to Plainfield, a distance of twelve miles. The franchise is
dend from I X to l j j per cent. The directors are quoted as for a term of 75 years. Mr. Keau is a director of the Eliza
saying that tne earnings warranted the increase and that it beth Street Ry. Co.
is their policy to give stockholders the benefit of the-earnings.
Erie & Huron Ry.—Lake Erie & D etroit Itiver Ey.—P u r
The dividend rate was increased in March last from 1 per cent
quarterly (4 per cent per annum), at which it had stood for cha sed.—A press despatch says the Erie & Huron Ry,, Sarnia
three years, to 1X per cent, and now two quarterly distribu to Rondeau, Ont., 74 miles, has been acquired by the Lake
tions having been made of that amount, the rate is again in Erie & Detroit River R y . Co. for $750,000. The line of the lastnamed company extends from Walkerville (ferry to Detroit)
creased to 1 % per cent.—V. 67, p. 272.
to Ridgetown, Ont., 84 miles.
Chicago & Western Indiana HR.—B o n d s C a lled . —Ninetyfour first mortgage bonds of 1879 have been called for pay “ tic lie n il E lectric.— Vote to R e d u c e C a p it a li z a t i o n .— A t the
ment from the sinking fund and will be redeemed on Nov. 1st adjourned meeting on Wednesday President O. A. Coffin an
next at the office of Messrs. J. P. Morgan & Co., New \
rork, nounced that 243,141 votes were cast in favor of the reduc
tion of the capital stock and only 9,800 against it.—Y. 67,
at 105.—V. 66, p. 1234.
Christopher & Tenth Street RE. Neiv York.—Bonds p._33l.______________ ____________________
D u e . —The $180,000 first mortgage bonds, dated Oct. 1, 1878,
Great Northern E y.—St. Paul Minneapolis & Manitoba
and due Oct. 1, 1898, will be paid at maturity at the Guar By.— C o n s o lid a tio n P r o p o s e d — N e w S to c k to be I s s u e d . —A
circular to the Great Northern stockholders in connection
anty Trust Co., New York City.
with the call for the annual meeting Oct. 13 says that the
Citizens’ E lectric Light & Power Co. o f Kokomo, lu d,— following business will be considered :
R e c e iv e r a p p lie d f o r . —Application has been made for a re
“ 1. The increase of the capital stock o f the Great North
ceiver by the Capital National Bank of Indianapolis, which ern Railway Co. for the purpose of acquiring by exchange
claims $6,400 against the defendant company and a personal or otherwise the capital stock of the St. Paul Minneapolis
judgment of $1,400 against President Frank E. Snow. The & Manitoba Railway Co., with the view of consolidating the
company was organized with a capital of $40,000.
properties of the two companies.
“ 2. The total capital stock of the Great Northern Rail
City & Suburban Ry. o f Washington, 1). C.—N ew C o m p a n y
a n d N e w B a n d s .—The following authoritative statement has way Co., as now legally established, consists of $-50,010,000
been furnished us :—“ This company owns and operates tike preferred, and authority to issue $20,000,000 common in addi
valuable railway franchises granted by Acts of Congress to the tion thereto, no part of which has been issued.' It is pro
Eckington & Soldiers’ Home R y. and the Maryland & Wash posed that the authority to issue common stock be surren
ington R y ., both of the District of Columbia, and also the fran dered, and that hereafter the capital stock of the Great
New
H.
A ugust 20, 1898 |
THE
C H R O N IC L E .
Northern Railway Co. shall consist of a single class, with
uniform rights and qualities,”
We are "not informed what proposition will be made to
Manitoba stockholders, but it is suggested that five shares of
Great Northern stock may be offered for four of Manitoba
— Y. 67, p. 274.
___
Hawaiian Commercial & Sugar.—P r o p o s e d In c r e a s e o f
C a p it a l S t o c k , — D iv id e n d s P o s sib le. —The directors recom
mend that the capital stock be increased from 1 0 000 shires
of $100 each ($10,000,000) to 150,0 0 shares, or $15,000,000.
W hile the present outstanding capital is $10,0u0,t00, the
amount paid inisonly$23'12% per $10 j, making the total paidin capital $2,313,755. The purpose of the increase is to fund
the floating debt and to provide means for making important
improvements. These improvements include an increase in
the land cultivated of 2,50') acres and the construction of a
new pumping plant for irrigation purposes. Col, Hecht is
quoted as saying in substance :
A t t h e m e e t in g o f t h e d i r e c t o r s i t w a s p l a i n l y e v i d e n t t o t h o s e p r e s
e n t t h a t s o m e p r o p o s i t i o n m u s t s o o n b e p u t i n t o e f f e c t t o n n a n c e th e
com pany
T h e t o t a l d e b t o n A u g . 1 0 . e x c l u s i v e o f n o n d s . w a s *>321,1 5 2 . A s a n o ffs e t , th e r e is u n s o l d s u g a r v a l u e d a t $ -> 3 9 ,0 0 0 . fig u r in g
a t t h e r a t e o f $ 6 9 6 2 p e r t o n . T h is is th e r e m a in d e r o f th e l a s t crop".
A ft e r p a y in g a ll c u r r e n t e x p e n s e s f o r o p e r a tio n u n t il J a n . i n e x t,
t h e r e w o u ld b e , u n d e r t h e p r e e n t c o n d i t io n s , a d e f i c i t o f $ 1 0 0 ,0 0 0 .
T h e d i r e c t o r s , m o r e o v e r , a r e c o n v i n c e d t h a t th e p r o f it f r o m o p e r a t i o n s
c a n h e d o u b le d b y m a k in g th e p r o p o s e d im p r o v e m e n ts a n d b y in c r e a s
i n g t h e a c r e a g e — s a y 2 .5 0 0 a c r e s a d d it i o n a l — a n d t h a t th is c a u .b e d o n e
w it h a c o m p a r a t i v e l y s m a l le r p r o p o r t io n a t e e x p e n s e .
H ow -, a s t o f in a n c in g t h e c o r p o r a t i o n , t h e r e w e r e f o u r w a y s s u g
g e s t e d — fir s t , t o a b s o r b a ll t h e p r o f it s , b u t a s d e b t s w o u l d h a v e t o c o m e
f ir s t , t h e i n c r e a s e in t h e p l a n t w o u ld n e c e s s a r il y h a v e t o h e d e f e r r e d ,
s e c o n d , t o a s s e s s t h e s t o c k h o l d e r s ; t h ir d , t o i s s u e b o n d s a n d t h u s p r o
c u r e th e fu n d s t o d e fr a y th e c o s t o f b e t t e r m e n t; fo u r th , th e p r o p o s i
t i o n w h i c h s e e m e d m o s t f e a s ib le a n d w a s m o s t f a v o r e d , c a l l a s p e c i a l
m e e t in g o f t h e s t o c k h o l d e r s a n d i n c r e a s e t h e c a p i t a l s t o c k 5 0 ,0 0 0
s h a r e s . I f t h i s p l a n is c a r r ie d o u t d i v i d e n d s c a n c o m m e n c e a l m o s t a t
o n c e a n d b e c o n t in u e d .”
371
contested) should be decided against the company. Interest
on the bonds bas always been paid since its organization
until May 1st, 1898. A proposition for the payment of those
couoons at a reduced interest rate is now pending.”—-V. 66,
p. 760.
Lowell (M ich ) W ater & Light C o .— F o r ec lo su re -T h e
Am-rican Loan & Trust Co. of Bistoo has brought suit as
mortgage trustee to foreclose the mortgage for $100,000.
Manhattan Alma A Burl ingam e—Biitlin a me & Northwestern.—o u ccesso r C o m p a n y .—The Burlingame & North
western has been organized with a capital stock of §340,000 to
operate the old Manhattan Alma & Burlingame Ry., fore
closed in April last, and acquired in the interest of the
Atchison Topeka & Santa Fe.—V. 66, p. 857.
Manhattan Railway.— Q u a r te r ly .—Earnings for the quar
ter and the 12 months ending Jane 3 ) have been reported:
3 m os. en d G ro s s
N et
. O th e r
In terest,
m y Ju n e 30.
ea rn in g s,
e a r n in g s ,
i n c o m e , t a x e s , etc.
B a la n c e .
1 K 9 8 ....................... $ 2 , 1 8 6 , 8 1 6
$ 3 4 1 ,4 9 3 $ 6 3 ,7 9 9 $ 6 '4 , 3 1 3
$ 2 8 3 ,9 7 9
1 8 9 7 ....................... 2 , 3 3 2 ,7 4 8
9 7 6 ,2 2 4
4 4 ,5 8 3
6 3 0 ,8 5 0
3 ? 9 ,9 5 7
1 2 m o n ths.
1 * 9 7 - 8 ................ 9 ,1 - 3 ,5 4 1 3 , 8 5 6 ,8 8 2 2 1 1 ,7 1 6 2 ,6 4 5 ,3 2 4 1 , 4 2 3 , 2 7 4
1 8 9 6 - 7 .................. 9 , 1 6 3 , 7 4 0 3 , 8 6 1 ,3 8 9 1 8 0 ,2 7 7 2 ,7 0 7 ,0 1 6 1 ,3 3 4 ,6 5 0
Dividends of 1 per cent quarterly call for $300,000 quarterly
for the 3 months or $1,200,000 for ths 12 months.—Y. 67,
p. 222.
Memphis, Tenn., Street Ry .— B o n d s C a lled .—The entire
issue of $65,000 first mortgage 6 per cent bonds issued in
1881 by the City & Suburban Rv. (now merged with the
Memphis Street Ry.) has been called, and will be paid at par
and interest on Sept. 1, 1898, at the Security Bank, Memphis,
Tenn.
Mergeuthaler Linotype Co.—Lanston Monotype Co.—
Johnson Typesetter Co.—Thorn Type Machine Co.—Com
A short time ago there were unconfirmed rumors to the posite Type Bar Co.— T y p e s e ttin g M a c h in e s .—The Philadel
effect that control of the company was being sought by phia “ Financial News” says:
interests identified with the American Sugar Refining Co.
T h e g r e a t c o m m e r c i a l a n d f in a n c ia l s u c c e s s o f th e 't e r g e n t h a i e r L i n
o t y p e m a c h i n e s lia s r e s u l t e d in t h e f o r m a t i o n o ( a n u m b e r o f o t h e r
Nor balance sheet, etc., see V. 67, p. 72; V. 66, p. 1045.
c o m p a n i e s , a ll w it h l a r g e o a p i t a l . W e g i v e a l is t o f t h e v a r i o u s c o m
Hutchinson & Southern Ry.—R e c e iv e r s h ip D e n ie d .— T h e p a n ie s :
Machines
court on Saturday, July 3), refused to appoint a receiver for
Capital.
lisu td .
Par.
rice,
P rice.
this company. This, it was expected, would be the case, all M e rie n tb a le r L in o ty p e C o .$10,000,00) $10,0 0,0"0 $100 P$1-5 in use. $3,000
1,200
Lanston M
-,005,240
20
lo
27
3,000
coupons due having been promptly paid and the receivership John son T yoneotyp erCCoo....... 1 0 ,00- .uoO
....... 3,000,000
300,0''0
100
100
2 2,000
p se tte
suit being based merely on a claim against the old company T h orn T y p e M achine C o . . .. 10,000,000
1,000,000
10 )
............
2,000
C om posite T y p e Bar Co . . . . 10,000,000
.............
100
...................
2,500
foreclosed.—V. 67, p. 274,
A l l o f t h e m a c h i n e s w it h t h e e x c e p t i o n o f t h e M e r g e n t h a l e r , u s e s e p
Illin ois Central RR.— L is te d in L o n d o n . —The London a r a t e t y p e , a u d a l l c a s t t h e i r o w n t y p e w it h t h e e x c e p t i o n o f th e
Stock Exchange has listed the following bonds; $4,939,000 T h o r n m a c h in e , w h ic h is o w n e d b y t h e A m e r i c a n T y p e F o u n d e r s C o .,
u e t p
de y
a
.
St. Louis division and terminal mortgage 3 per cent gold a n dh e sL s n y toen m ao n o b y pteh C to .c o m cpoannt y o l l e d b y W a s h i n g t o n p e o p l e , b u t
T
a s
M
t
is
r
coupon bonds; $6,321,000 St. Louis division and terminal mort J . P. M o r g a n A C o . h a v e a n i n t e r e s t in it . T h is c o m p a n y h a s d o n e b u t
gage
per cent gold coupon bonds and $14,320,000 Louis l it t l e in t h e w a y o f m a n u f a c t u r i n g m a c li i u e s i n t h is c o u n t r y , b u t a
0 ,4
c
r a o n lia s e
ed
r a
n
t as
ville division and terminal mortgage
per cent gold coupon $ 2 ,7 5 th emm)m o rrpcoa n t iC o . $ 6 0 0b,0 e n fio r m a s h in uG r e a t0 0B,0 i t0 i n , a s td ci k b o r
p a id
A e i
00 n c
a d $4
0
in
o
f
bonds.—V. 67, p. 320.
p a t e n t r ig h t s in E n g la n d . F ir e d e s t r o y e d 2 s o f t h e m a c h i n e s w it h th e
c o m p a n y ’ s m a i n s h o p e a r l y i n t h e y e a r , w h ic h p u t a n e n d t o f u r t h e r
Illin ois Steel—Minnesota Iron.—P e n d in g C o n s o lid a tio n . in s t a lla t io n s a f t e r 2 7 m a c h in e s h a v e b e e n p u t in . T h e c o m p a n y ’ s l a s t
—The committees representing these companies have been in r e p o r t , d a t e d A p r i l 2 0 , 1 8 0 8 , s h o w s t o t a l c a s h r e s o u r c e s o f $ 5 2 8 ,6 1 2 .
e
<'o is
d
e
B d rd
p
e
Wi
session during the week considering the general proposition p rT h e eJdosh fnrs o n t h e. s a loewonf e3 ,0b0y0 N h wr e se o ff o s t o. cM aists ., il le obpelg i. n t h et h th e
oc
om
s a
k
w
m an
for consolidation. The leading interests are understood to u f a c t u r e o f m a c h in e s . T h e c o m p a n y h a s a l r e a d y b o o k e d o r d e r s f o r
favor the union, which it is reported may be on the basis of 85 m a c h in e s in e x c e s s o f $ 1 0 0 ,0 0 0 .
A s th e T h o r n C o . i s a o l o s e c o r p o r a t i o n i n f o r m a t i o n r e g a r d i n g i t is *
for Minnesota Iron and 75 for Illinois Steel stock. The
a in a b le
Johnstown Steel Company, it is thought by some, will also n o thoeb tC o m p o s.i t e T y p e B a r C o . is a N e w J e r s e y c o r p o r a t i o n . T h e
T
be included.
c h i e f c la im o f t h e m a c h i n e is t h a t i t d o e s a w a y w it h t h e d i s t r i b u t i o n o l
The committee representing the Minnesota Iron Company t y p e o r m a t r ic e s . I t s w e i g h t is b u t 2 5 0 p o u n d s a n d i t o c c u p i e s a f lo o r
a
u
f
t
p
a
y
a t r
is composed of President Bacon, R. P. Flower, H. M. Flag s ps ecse to fe bb ats 2 oef etth es q u a r eo. f Il o o meo ldysp et y a fet e s e pu srtai t iecla t aonnd i n tfo ea bu s e
fu
h
e
lin e
s
t
r j
f
i
ar.
ler, D. O. Mills and H. H. Porter ; the committee represent T h e c o m p a n y h a s n o t b e g u n t h e d e l i v e r y o f m a c h in e s a s y e t . I t h a s
ing the Illinois Steel Company includes President Gates, a n o f li c e a t N o . I M a d is o n A v e n u e , N e w Y o r k , a u d i t s o iiio e r s a r e J o h n
a r n r ic
P
en
L
n
T rot
e
s id
th
Robert Bacon, A. J. Forbes-Leith, N. L. Brown and Nath C c h ille r k ,S e crreestid r y ta ;n d u crieea s uA .e r .— Vt., 6V ic p - P1r1e8 9 ;e n t. , 6a n d .A1r2 5 .u r C.
S
.
a
T
r
6, .
V
7, p
aniel Thayer.— V. 67, p. 177.
Beet Sugar M anufacturing Co.— N e w S t o c k .—
International Paper Co.—On U n liste d .—The company’s The stockholders will vote at St. Louis Park, Minn., Aug. 27,
common and preferred shares have been admitted to dealings on a proposition to amend the articles of incorporation so
in the unlisted department o f the New York Stock Exchange. as to increase the capital stock from $250,000 to $500,000.
—V. 67, p. 177.
Nashville T ellico & Charleston R R .—T ollico R R .—S u c
Iowa Central Ry .— $ 2 5 0 ,0 0 0 B o n d s L i s t e d . —The New c esso r C o m p a n y . —The Tellico R R . Co. has been organized as
York Stock Exchange has listed $250,000 additional first mort successor of the Nashville Tellico & Charleston R R ., fore
closed. The sale was confirmed by the Court July 22. The
gage 5 per cent bonds.—Y. 66, p. 616.
Jamestown & Lake Erie Ry.—F o r e c lo s u r e S u i t .— Fore President is T. E. H. McCroskey, Madisonville, Tenn.—V.
closure proceedings have been brought, ^interest being in 66, p. 811.
Nassau E lectric R R .— Q u a r te r ly .—Earnings for the quar
default.
John Pettit Realty Co .— D is a p p e a r a n c e o f P r e s id e n t .— ter and the 12 months ending June 30 have been reported:
th
G
O e
In terest,
John P6ttit, President of this company, disappeared several 3 m o nJ u s e n3d -. E a rroisnsg s . E a rN eitn g 8. in cthmre .
in g
ne 0
n
n
o
ta x e s , e tc. B a la n c e
months ago and all efforts to ascertain his whereabouts have 1 8 9 3 ...................... $ 5 7 0 ,9 5 9
$ 2 1 1 ,8 5 0
$ 1 ,6 3 3
$ 2 1 2 ,9 8 6
$497
been unavailing. The Realty Company is capitalized at $2,- 1 8 9 7 ..................... 5 0 7 ,0 7 0
2 2 7 ,6 4 6
657
1 8 2 ,8 6 6
4 5 ,4 3 7
O O O , represented by $1,000,000 of 6 per cent preferred 1 2 m o n th s .
C .O O
7 9 4 ,2 4 2
6 3 ,6 1 0
8 1 0 ,0 2 9
4 7 ,8 2 3
stock and $1,000,000 of common stock. The common stock, 1 8 9 7 - 8 ................. 2 ,0 5 1 ,0 8 0
7 0 9 ,3 1 1 , 7 0 ,5 9 9
1 8 9 6 - 7 ................. 1 ,7 6 0 ,5 6 2
7 1 2 ,5 6 0
6 7 ,3 5 0
it is said, controlled the corporation, and was mostly held by
Loans and bills payable on June 30, 1898, $1,804,655, against
Pettit. The Bennett Building, at Nassau and Fulton streets,
was owned by the company, subject to a mortgage fo r $ l,- $756,115 on June 30,1897.—V. 67, p. 318.
010.000. It was sold this week to H. B. Sire for about $1,- "N a tio n a l Light & Pow er Co., New York, N. Y.—I n c o r
500.000. The company, it is said, still holds the Beekman p o r a te d .—This company has been incorporated with author
Building, at Beekman and Pearl streets, valned at $250,000 ized capital stock of $5,000,000, $1,000 paid in, by E. S.
and mortgaged for $156,000. Real estate bonds guaranteed Savage, Rahway, N. J .; M. D. Yalentine, Woodbridge, N. J .;
6 per cent interest by the Realty Co. were largely advertised Albert Bruns, Bronx Borough, New York; A. L. Sherer,
Manhattan Borough, New York.
for sale in London last February.
National Liuseed Oil .— Official C ir c u la r .—President EusKingflcld & Head River RR.—S o ld . —Mr. J. S. Maxey, of ton has issued a circular which says in part:
Gardiner, Me., purchased the property at the sale Aug. 2.—
“ There is nothing in the financial condition of the company
Y . 67, p. 222.
to justify a receivership, and the board of directors has no
Lakeside Ry., Mahanoy C i t y .— S t a t u s — D e fa u l t — P r o p o intention of permitting a receiver. .Eliminating good will,
s itio n to B o n d h o ld e r s .— President Dallas Sanders in reply to patent rights and all doubtful assets and accounts, the com
onr inquiry writes: “ No receiver has been appointed for the pany has good quick assets in excess o f all its liabilities
road, and may not be even if the suit now pending (which is except its bonded debt. The value of the real estate of
Minnesota
372
THE
C H R O N IC L E
the company is more than $8,01)0,000 in excess of the mort
gage pin .-td thereon. The pluntB tire in perfect order.
•■The decline in the price o f flaxseed and lins'cd oil has
entailed upon the company an actual loss of $125,000 to
[ Vol. LXVU.
3 m ouths etid in g
G ross
J u n e 30.
n irn ltu is.
1 8 9 8 .................
$ 1 5 8 ,8 9 8
1 8 9 7 ...................... 2 0 0 ,6 4 8
S et
ea rn in g s.
$ 1 6 ,4 1 0
9 1 ,3 0 2
Interest,
(fares, etc,
$ 83,514
8 8 ,6 6 9
Hal (vice,,
d e f. o r s u r .
<l6f. $ 1 7 ,1 0 4
su r.
7 ,6 3 3
Loans and bills payable on June 30, 1898, $879,707, against
“ The charge that the company has speculated is not war $782,470 on Jnue 30, 1897. The figures for the fiscal year
ranted by the facts, The company lias never bought in any ending June 80, 1894, are given under annual reports bn a
one year more flaxseed than 75 per cent of its manufacturing preceding page.—V. 67, p. 275.
capacity. Such purchases are necessary to protect sales of
Pacific
—Omaha & Republican Valley RR.—
oil made for future delivery. The company has at times
A Black H ills RR .— F o r e c lo s u r e S a les o f B r a n c h
made in a month as much as’ it has now lost.’ aud may do so
L in e s .— At Lincoln, Neb,, on Aug. 18, the Omaha & Repnb.
again. The board of directors are not discouraged as to the
Yal. RR., 483 miles, was bid in at the foreclosure sale by the
future of the property.’1
—Y. 07, p. 275.
reorganized Union Pacific, the only bidder. Two sales were
New Telephone Co.— K e w M o r t g a g e .—The company has held, one under the extension mortgage and the second
made a mortgage to the Central Trust Co., as trustee, to se under the first and consolidated mortgages. The first sale
enre $800,000 gold bonds in t wo scries, the first consisting brought $20,000 and the second $750,000.
At Kearney, Neb., on the 18th inst., the Kearney & Black
of $300.00 16 per cent bonds, due in three years ; the second
series of $.500,000 5 per cent bonds, due in twenty years. The Hills road was sold under foreclosure for $150,000 to Vicesecond series, it is stated, is to remain in the hands of the President Cornish of the Union Pacific.
The Union Pacific by the acquisition of these roads, to
trustee until the first series matures, at which time $8f0,000
of the bonds is to be applied to the payment of the first series, gether with the Union Pacific, Lincoln & Colorado, the Julesand the remaining $200,000 to be used for extensions and bet burg branch and several other small branches, adds 900 miles
terments “ then and thereafter necessary.” The company to its system, the cost of which, together with the cost of the
control of the Oregon Short Line stock, will be met largely
is an Indiana corporation and enterprise.
from funds in the Company’s treasury. It has not yet been
New York Chicago & St. Louis RR.—Q u a r te r ly . —Earn determined whether to issue new fours to meet the balance
ings for the quarter and the 12 months ending June 30 have of the cash requirement, but in that event the issue of bonds
been reported:
would be considerably within $5,000,000. The branch lines,
3 m o n t h s endG ro s s
X et
O th e r
In terest,
B a la n c e ,
it is said, will earn[$600,000 net.
in a J u n e 3 0 .
e a r n in g s ,
e a r n i n g s , i n c o m e , t a r e s ,e t c .
d e f.
S a le o f C o lla te ra l C o n firm ed .— A t Boston on Wednesday
1 8 0 s .................... . $ 1 , 4 1 2 ,0 4 7
$ 2 5 1 ,7 7 2
$ 1 ,2 8 4
$ 3 0 2 ,7 1 5
* 4 9 ,6 5 9
Judge Lowell, in the United States Circuit Court, confirmed
1 8 9 7 ......................... 1 , 2 4 4 ,2 5 3
2 4 6 ,1 3 9
1 ,8 9 7
3 0 5 ,7 3 0
5 7 ,6 9 4
the sale of the securities of the par value of $1,343,000, as
6m o n th s .
1 8 9 7 - 8 .................... 2 , 9 8 2 , 2 0 5
5 0 7 ,6 1 1
2 ,5 0 8
6 0 2 ,5 1 5
9 2 ,3 9 6
described in the C hronicle of July 23 (page 179), to Kuhn,
1 8 9 0 - 7 .................... 2 ,5 5 5 ,2 3 7
4 5 9 ,2 1 5
3 303
6 1 1 ,6 3 9
1 4 9 ,1 2 1
Loeb & Co., for the sum of $409,975.
—V. 66, p. 1002.
N o V o t i n g T r u s t .—The reorganization committee at its
Ohio Southern R R.—S a le P o s t p o n e d .—The foreclosure sale final meeting Thursday adopted the following resolution:
“ Whereas, The reorganization committee of the Union
set for to-day has been postponed, on application of the Cen
tral Trust Co. as first mortgage trustee, until Sept. 20. The Pacific Railway Company at the outset of its undertaking
postponement was desired as no reorganization plan had determined not to include a compulsory voting trust of
shareholders as a condition of its plan, but at the close of its
been agreed npon.—Y, 67, p. 223.
labors to create a proxy committee to which shareholders
Oregon RR. & Navigation .— C o n v e r s io n o f F i r s t M o r tg a g e might voluntarily intrust their proxies while satisfied with
B o n d s . — C h a n g e o f T er m s O ffe re d . —The conversion of the and desiring to continue the policies and management in
first mortgage 6s into 4 per cent consolidated mortgage bonds augurated by the committee,
“ Resolved, That the reorganization committee of the
of the Oregon Railroad & Navigation Co , undertaken by
Kuhn, Loeb & Co,, has reduced the amount of the 6 per cent Union Pacific Railway Company hereby nominates and
selects as a proxy committee Messrs, Louis Fitzgerald, Jacob
bonds outstanding to $1,520,000, and the sinking fund will
shortly cancel the entire outstanding balance at a price H. Schiff, Winslow S. Pierce, Oliver Ames and E. H. Harriman to permanently represent at annual and other meetings
which, under the trust deed, cannot exceed 110 per cent.
The offer is therefore made to holders of the 6 per cent first of the shareholders o f Union Pacific Railway Company such
mortgage bonds to refund said bonds into the 4 per cent holders of the common and preferred stock of said company
gold bonds maturing 1946 npon the b isis of $1,150 in 4 per as shall desire to intrust their proxies to said committee for
cent bonds for $1,000 in 6 per cent bonds, this offer being the purpose of maintaining the management and general
subject to withdrawal or modificatiou without notice. See policies inaugurated by the reorganization committee.—Y.
additional particulars in our advertising columns.—V. 66, p. 67, p. 319, 222.
1141.
Union Traction Company o f Anderson, IntL—This com
Oregon Short Line R R .— D iv id e n d o n Incomes.—The di pany was newly organized last fall, and at once commenced
rectors on Thursday declared an interest payment of 5 per the construction of the road from Anderson, Ind., north
cent on the income A bonds, payable Sept. 1, and 3 per cent through Alexandria, to the town of Summitville, a distance
on the income B bonds, payable Oct. 1. The statement of of 17 miles. This line is now completed, including 3 miles
earnings, etc., for the late fiscal year is given under the head of a cross-town line in the city of Alexandria. At Snmrniting annual reports.—V. 67, p. 1141.
ville connection will he made with the Marion City Railway
just completed between that place and Marion, a.distance of
Polynesian Steamship Co.—I n c o r p o r a t e d .—This company about 18 miles, permitting one to travel by trolley from An
was incorporated on Tuesday at Trenton N. J., with author derson north to Marion, Ind., a distance of about 35 miles.
ized capital of $1,500,000, by Daniel B. Hatch, Charles R. The Union Traction Co. is also constructing a road from the
Flint, William M. Ivins, Robert A, C. Smith of New York; city of Alexandria west 9J£ miles to the city of ISlwood. Of
Edwin L. Cramp of Philadelphia, J. Lamb Doty of Washing this part of the road the grade is completed with the excep
ton, and Camillas G. Kidder of Orange, N. J.
tion of about one mile. It is arranging to build a power
Quincy (111.) Horse Ity. & Carrying Co.— P u r c h a s ed .— A station at Alexandria, which must be done before the road to
special despatch to the Chicago “ Inter-Ocean” from Quincy, Elwood can be operated.
The Union Traction Co. has become the owner by purchase
111., says: “ William McKinley, whose headquarters are at
Champaign, 111., and who represents a syndicate o f Augusta, and consolidation of the street railway plant in the city of
Portland and Boston capitalists, to day purchased the elec Anderson, formerly owned and operated by the Anderson
tric street railway here. The purchase price was $360,000, Electric Street Railway Co. This consolidation was com
which includes a bonded indebtedness of $160,000. There are pleted July 1st, 1898. The company has outstanding $300,in all twelve miles of track. The new owners will spend 000 of stock, all common, uoue preferred, and has issued
$100,000 in extension and equipment. The syndicate buying $600,000 of 5 per cent bonds, dated July 1st, 1898, to run 20
the road owns the street car lines at Joliet, Champaign, years, interest payable quarterly. Both principal and inters
Springfield, Ohio and at Bay City, Mich. The syndicate has est payable in gold. $150,000 of these are left in trust with
also in view the purchase of the electric-light and gas plants the Farmers’ Loan & Trust Co. o f New York, trustees, with
which to take up $150,000 of bonds outstanding, hereto
here.”
fore issued by the Anderson Electric Street Railway Co. on
Richmond City Water-W orks .— B o n d s C a lled —First mort the city plant at Anderson,
gage bonds Nos. 1 to 209, inclusive, aggregating $200,000,
The officers of the new company are: Philip Matter, Presi
issued Nov. 3d, 1884, are called in, and wi ll be paid at par on dent; J. A. Van Osdol, Vice-President; Ellis C. Carpenter,
Oct, 15th, 1898, at the Central Trust Co., No. 54 Wall Street, Secretary; Jno. L. ForkDer, Treasurer: Charles L, Henry,
New York City.
Manager.—V, 67, p. 224.
Union
Kearney
St. Loti is & San Francisco HR.—Kansas City Osceola &
Southern.—E x t e n s i o n to b e Operated S e p t, I . —President D.
B. Robinson of the St, Louis & San Francisco announces that
after Sept. 1 the Kansas City Osceola & Southern Railway
will be operated under traffic agreement ns part of the sys
tem, The line is 112 miles and runs from Kansas City to
Osceola, Mo.—V. 67, p. 271, 275.
Staten Island Rapid Transit R R.—Quarterly.—Earnings
for the quarter and the 13 months ending June 30 have been
reported:
RR.
Virginia-Carolina Chemical C o .— P u r c h a s e d .—Press re
ports say the company has purchased the mills of the South
ern Fertilizer Co. situated at Atlanta, Savannah, Rome and
Oakdale, (la., for $75,000.
C a p ita l S to c k .—An official o f the company writes : “ The
original capital stock of this company was $6,500,000. There
has been an authorized increase by the addition of $5,500,000,
making a total authorized capitalization to date of $12,000,000. There has been as yet no change in the outstanding
issues,”—Y. 67, p. 128.
THE
A ugust 20, 1898.]
C H R O N IC L E .
ileports and 30aaxmerits.
SOUTHERN
R A I L W A Y CO M P A N Y .
373
From which there has been deducted:
D iv id e n d N o . 2 o n S o u t h e r n R y . C o . P r e f e r r e d
S t o c k , o u e p e r c e n t p a i d J a n u a r y 2 0 , 1 8 9 8 $ 5 4 3 ,0 0 0 0 0
S u n d r y C h a r g e s t o P r o f it a n d L o s s (s e e
t a b l e 3 ) ............................................................................. 1 5 6 ,4 1 8 0 4
----------------------
FOURTH ANNUAL REPORT—FOR THE YEA R ENDED
JUNE 30, 1898.
6 9 9 ,4 1 8 0 4
C r e d it b a l a n c e c a r r i e d f o r w a r d J u n e 3 0 , 1 8 9 8 .............. $ 1 ,4 5 4 ,9 5 1 7 2
F IN A N C IA L C O N D IT IO N .
The financial condition of the Company at the close of the
New Y ork , August 18, 1898.
year is shown in the comparative balance sheet (Table l)i
T o the S to ck h o ld er s o f th e S o u th e r n R a ilw a y C o m p a n y :
The Company has no floating debt, and has had none since
The President and Board o f Directors submit the follow its organization.
ing report of the operations o f the Company for the year
The liabilities o f every character of all subordinate com
ended June 80, 1898 :
panies operated as a part of the System, whether leased or
IN C O M E A C C O U N T .
owned, are shown in the balance sheet, and are treated as
liabilities of this company.
1898.
1897.
I n c . o r D ec.
G r o s s E a r n s , f r ’ m O p e r .$ 2 1 ,0 9 5 ,8 3 8 7 5 $ 1 9 ,0 7 9 ,1 9 9 8 4 J .$ 2 ,0 1 6 ,3 3 8 91
O p e r .E x p e n s e s .l c T a x .e s 1 4 ,5 0 1 ,8 6 4 4 4 1 3 ,2 3 3 ,1 5 6 0 2 I . 1 ,2 6 8 ,7 0 8 4 2
N e t E a r a 'g s f r o m o p e r . $ 6 , 5 9 3 . 9 7 4 3 1
In c . fro m oth e r sou rces.
3 4 8 ,3 7 8 0 8
$ 5 ,8 4 6 ,3 4 3 8 2
2 8 6 ,8 3 2 6 0
7 . 7 4 7 , 6 3 0 49
7 .6 1 ,5 4 5 48
$ 6 ,9 4 2 ,3 5 2 3 9
$ 6 ,1 3 3 , 1 7 6 4 2
7. $ 8 0 9 ,1 7 5 9 7
Interest ana Rentals... $5,862,767 89 $5,612,234 40
Other Deduc. from Ine..
72,57141
75,022 37
7. $2-0,533 49
D . $2,450 96
$5,935,339 30 $5,687,256 77
7. $243,082 53
BalaceCarried to Credit
of Profit and L o ss.... $1,007,013 09
$445,919 65
7. $561,4)93 44
This account for 1898 includes the results of the opera
tions of the Memphis Division for four (4) months.
For details see Table 2, page 377.
The mileage operated at the close of the year was 5,231'67
miles, as against 4,827'22 miles at the close of the year pre
vious. The increase consists substantially o f the mileage of
the Memphis Division (331'70 miles, acquired March 1, 1898,
and of the Knoxville Cumberland Gap & Louisville Rail
way (73'H miles), acquired June 29, 1898.
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 o f the Gen
eral Manager, page 375.
The net increase of §250.533 49 in “ Interest and Rentals ”
is explained as follows :
C a p ita l S t o c k :
The increase during the year of §2,990,400 par value in th
amount of Preferred Stock outstanding was in part pay
ment for the Memphis & Charleston Railroad.
There has been no change during the year in the amount
o f Common Stock outstanding.
F u n d e d D e b t , O u ts ta n d in g S e c u r itie s o f L e a s e h o ld E s t a t e s
a n d E q u ip m e n t N o t e s :
As stated in the last annual report, there were outstand
ing on June 30, 1897:
F u n d e d D e b t ( in o l u d i u g $ 1 6 6 ,0 0 0 S o u t h e r n R a i l w a y
C o n s o li d a t e d B o n d s i n T r e a s u r y ) - - .................................. $ 8 0 ,6 6 0 ,5 0 0 0 0
O u t s t a n d in g S e c u r i t ie s o f L e a s e h o ld E s t a t e s ...................
2 5 ,7 1 1 ,0 0 0 0 0
E q u ip m e n t N o t e s ............................. ..................................................
2 7 9 ,7 6 9 8 2
T o t a l ..................................................................- ..............................$ 1 0 6 ,6 5 1 ,2 6 9 8 2
On June 30, 1898, as shown by the balance sheet (Table 1),
there were outstanding:
F u n d e d d e b t ( i n c l u d i n g $ 9 4 5 ,0 0 0 S o u t h e r n R a i l w a y
C o n s o li d a t e d B o n d s i n T r e a s u r y a n d $ 1 , 5 0 0 , 0 0 0
M e m p h is D i v i s i o n S e c o n d M o r t g a g e B o n d s o w n e d
$ 1 0 1 ,2 3 6 ,0 0 0 0 0
b y t h e C o m p a n y ) ...................
O u t s t a n d in g S e c u r i t ie s o f L e a s e h o ld E s t a t e s ..................
1 2 ,* 5 0 ,0 0 0 0 0
E q u ip m e n t N o t e s .......................................................................................
2 0 2 ,8 1 7 7 6
T o t a l ....................................
$ 1 1 4 ,2 8 8 ,8 1 7 7 6
Net increase during the year in these three accounts..
$7,637,547 94
This net increase of §7,637,547 94 represents:
Interest upon securities issued f ir the pur
chase of the Memphis Sc Charleston Rail
A d d it i o n s d u r in g Y e a r :
road, viz.:
B O N U S ISSU ED TO P R O V ID E F O R T H E P U R C H A S E O F T H E M E M P H IS &
Interest for six months ended June 30,
C h a r l e s t o n R a il r o a d , v iz :
1898, on Memphis Division First Mort
S o u t h e r n R a i l w a v C o ., M e m p h i s D i gage Bonds at four per oent........................$101,660 00
v i t i o n . F i r s t M o r t g a g e b o n d s ....... ,$5,083,000 00
Interest from December 2 4,1 8 97 , to June
S o u t h e r n R a i l w a y Co., M e m p h i s D i
3 0,1898, on Certificates of Indebtedness
v i s i o n , S e c o n d M o r t g a g e B o n d s .......
1,500,000 00
issued in connection with the purchase
---------------------- $6,583,000 00
of the Memphis & Charleston Railroad...
36,600 01
S o u th e r n R a il w a y
C o . C o n s o l id a t e d
B o n d s (o f
------------------- $138,260 01
whioh $945,000 are in the Treasury of the Company), 1,279,000 00
Increase in interest upon Southern Railway Consolidated
Issued as follows:
Bonds..................................................................................................
62,758 34
Upon the retirement of an equal
Increase in interest upon Southern Railway East Ten
amount of Equipment Bonds and
nessee Reorganization Bonds, d ie to Increase in rate,
Equipment Trust obligations of the
^ on March 1.1898, from four per cent to five per cent . .
15,000 00
old Companies a n lo f tlieirReceivers $265,000 00
Increase in interest upon Columbia & Greenville First
Upon the retirement of an equal
Mortgage Bonds, due to increase in rate, on January 1,
amount of prioi lien bonds re
1898, from live per cent to six per cent...............................
10,000 00
deemed, viz.:
Increase in interest upon Georgia Pacidc First Mortgage
Charlottesville & Rapidan First
Bonds, due to increase in rate, on January 1, 1898,
Mortgage Ronds.............................
14,000 00
trom five per oent to six per oent...............................................
28,300 00
I s s u e d d u r in g th e y e a r fo r th e a c q u i
Inorease in rental of Georgia Midland Railway, charge
s it io n o f n e w p r o p e r t y ( s u b s t a n t ia ll y
able for a full year, as against nine mouths in the year
fo r th e p u r c h a s e o f th e K . C . G . & L .
previous...........................................................................................
12,375 00
Railway. Next page).......................... 1,000,000 00
Sundry small increases....................................
1,115 14
Total increases ......................................................................$267,808 49
Miscellaneous decreases, due to retirement of Richmond
A Danville and Georgia Pacidc Equipment Singing
Fund Bonds, and redaction in interest on Atlanta &
Charlotte First Mortgage Preference Seven Per Cent
Bonds, refunded at four per cent on April 1 ,1 6 9 7 ..........
17,275 00
$1,279,000 00
M
e m p h is
A
a v it h t h e
C
P
h arleston
E
N o t e s, A ssu m ed
p e r t y ..............................
q u ip m e n t
urchase of th at
P
r o
6 5 ,2 7 7 4 4
Total Additions.................................................................. $7,927,277 44
R e d u c tio n s d u r i n g Y e a r :
Net Increase................................................................................... $250,533 49
The increase of §62,758 34 in interest upon Southern Rail
way Consolidated Bonds was due :
(a ) To the fact that $1,000,000 of bonds which Imre in
terest for only portions of the decal year 1897, and
$326,000 of bonds wliiob were outstanding on June 30,
1897, but bore no interest during that year, bore inter
est for the entire year 1»93, Involving an increase of .. . $37,758 34
<6) To the Pale during the year of $1,000,000 of Bonds,
bearing interest fiom January 1,1893, six months........
25,000 00
Richmond & Danville Equipment Sink
ing Fund 5 Per Cent Bonds retired . . .
Georgia Pacific Equipment Sinking
Fund 5 Per Cent Bonds retired............
Cdarlottesville Sc Rapidan First Mort
gage 6 Per Cent Bonds retired.............
Equipment Notes Paid (for details see
below).................... ....................................
T o ta l r e d u c t io n s .
$44,000 00
91,000 00
12,500 00
142,229 50
.............................................................
2 8 9 ,7 2 9 5 0
N e t I n o r e a s e i n t h e s e t h r e e a c c o u n t s a s a b o v e .................$ 7 ,6 3 7 , 5 4 7 9 4
$62,758 34
The increase in securities outstanding as shown above is
fully represented either by the amount of prior lien securi
The maximum fixed charges as provided in the plan of ties retired or by the cost of neAV property acquired.
reorganization were reached during the year.
Consolidated bonds reserved in the hands of the Trustee E q u ip m e n t T ru st a n d E q u i p m e n t S in k in g F u n d P a y m e n t s :
Equipment Trust notes have been paid during the year as
for future improvements amounted, at the close of the year,
to $14,900,000, issuable only for expenditures for new and follows:
R i c h m o n d & D a n v ille C a r T r u s t N o t e s ...................................... $ 6 4 ,6 7 5 0 0
additional property, under the limitations specified in the
G e o r g i a P a c i f ic
"
“
“
........................................
SS’ IS Z
mortgage, and at a rate not exceeding §.‘,000,000 in any one
E a s t T e n n ., V a . & G a . “
“
“
........................................
calendar year.
G e o r g ia M id la n d C a r T r u s t N o t e s ................................................
9 ,1 9 2 0 0
No bonds were withdrawn from the trustee, under this
M e m p h is A- C h a r le s t o n C a r T r u s t N o t e s ....................................
8 .1 5 J 68
provision of the mortgage, during the calendar year 1897.
$ 1 4 2 ,2 2 9 5 0
§1,000.000 have been withdrawn during the year 1898, as
stated below. It is not proposed to make further with T h e o u t s t a n d i n g E q u ip m e n t T r u s t N o t e s o i t h e o l d c o m
p a n ie s a n d o f H ie R e c e i v e r s , a t t h e c l o s e o f t h e y e a r ,
drawals this year.
a f t e r m a k in g t h e a b o v e p a y m e n t s , a m o u n t t o ...................... $zoz,si : / o
P R O F IT A N D LO SS AC CO U N T.
The balance at credit of “ Profit and Loss ” Account on
June £0. 1897, was.................. .............................................. $L,139,830 22
The credit balance from Income Account for the year
ended June 30. 1898, was.................................................... 1,007,013 09
Miscellaneous Net Profits during the year amounted to..
7,526 45
Sinking Fund payments during the year, on account of
Equipment Bonds have been:
A t o t a l o f................................................................................ *2,154,369 76
$ 1 9 0 ,9 0 0 0 0
R i c h m o n d A D a n v i ll e 5 p. c. Equipment S i n k i n g F u n d . . . $ 9 3 ,9 0 5 0
G e o r g i a P a c ific 5 p . c. E q u ip m e n t S i n k i n g - F u n d .................. ......9 6 ,9 9 5 0 0
374
THE
C H K 0N 1C L K
|Vot. LX VII.
unci R e a l E s t a t e — C h a r g e s to C a p ita l A c c o u n t :
Expenditures for new Construction and Real Estate
charged to capital account during the year have been (see
Balance Sheet, Table 1, “ Current Construction Account,
year 1897-8,”):
$1,300,000 o f Certificates of indebtedness. These certificates
are payable in semi-annual instalments o f $200,000 during
three years, uud are secured by a pledge of the $1,500,000
Second Mortgage Bonds. $200,000 of the Certificates o f In*
debtedness were paid on June 1, 1898. When all o f them
are paid the $1,500,000 Second Mortgage Bonds will be an
R e a l E s t a t e At A t l a n t a (fin a l p a y m e n t o n C o m p r e s s
P r o p e r t y ) ....................................................
$ 1 0 6 ,2 5 0 0 0 asset in the treasury o f your Company to be disposed of as
R e t d E s t a t e a t W a s h i n g t o n , I>. C ., L o u i s v i l l e , K y ., a n d
circumstances may render it expedient.
other points..................
52,380 85
The Memphis & Charleston Railroad property was deliv
T e r m i n a l I m p r o v e '! * « t P i n n e r 's P o i n t a n d N o r f o l k , V n . 1 8 6 ,1 5 1 3 3
ered to the Southern Railway Company, under order of
T e r m in a l I n ip t s. a t C h a r lo t t e , N . C ., a n d B r u n s w i c k , G a .
0 ,1 0 3 24
C o m p l e t i o n o t S e w T e r m i n a l s a t G r e e n v il l e , 8 . C ___ . . . . .
4 ,5 7 3 1 8
Court, on March 1, 1898, and has since that date been oper
( o m i n e 'i o n o f N e w T e r m in a ls a t M o n r o e . V a .......... ............
2 ,1 1 0 0 2
ated as the Memphis Division o f this Company, the four
F o r p a r t i a l c o n s t r u c t i o n o f b r a n c h r a i lr o a d fr o n t L e e d s ,
months’ earnings and expenses and six months’ interest on
A la . ( u e a r B i r m in g h a m ), t o ir o n o r e m i n e s ...................
2 0 ,1 2 7 6 4
A d d it io n a l P a s s in g T ra ck s a n d T r a c k s to I n
the bonds and the certificates of indebtedness issued for
d u s t r ia l P la n t s . 1 7 1 .4 1 3 f e e t ...........................$ 1 1 7 ,1 3 5 4 9
the purchase being included in the Income Account, as
L e s s a m o u n t c h a r g e d O p e r a t in g E x p e n s e s ,
above stated. The interest on these securities accruing
r e p r e s e n t in g 5 5 ,1 6 0 f t . o f T r a o k t a k e n u p .
4 0 ,4 8 0 4 7
prior to March 1 was received in cash from the Receivers
B a l a n c e r e p r e s e n t i n g o o s t o f 1 1 6 .2 5 3 f e e t o f a d d it i o n a l
of the Memphis & Charleston Railroad Company, and has
T r a c k ........................................................................................................
7 6 ,6 5 5 0 2
been credited in Income Account accordingly.
S h o e - - F o r c o m p le t io n o f n e w s h o p s n e a r S a lis b u r y , N C.
3 ,1 2 0 0 7
The earnings and expenses o f the Memphis & Charleston
N o w P a s s e n g e r S t a t i o n a t G r e e n s b o r o , N . C ............................
8 ,0 0 0 0 0
Miscellaneous..............................................................................
2,776 88
Railroad for the year ended June 30, 1898. including the re
sults of operation by the Receivers for eight months, and by
$ 4 7 1 ,8 5 4 2 3
the Southern Railway Company for four months were:
The expenditures above enumerated were all for the acqui Groan Earniusa...................... ................................................... $1,552,500 52
Operating Ex pen mm (including taxes anti trackage rental
sition or construction of distinctly new property.
paid theN. O. * St. L. Ry. C o .).... .................................. 1,149,853 11
Those for terminal improvements at Pinner's Point and
Norfolk. Virginia, were chiefly for the new wharf and ware
Net Earnings................................................................. .
$402,647 41
house at Pinner's Point, referred to in the last, annual re
The annual interest charges (until July 1,1901) on account
port as then in process of construction.
The new branch track from Leeds, Alabama, which was of this property will be:
in process of construction at the close of the year, will be 4 Per Cent on $5,083,000 le t Mortgage Botul*...$203,320
Per Cent on $1,500,000 Second
about 41., miles in length, and will reach important iron ore 5 Bonds (now owned by the SouthernMortgage
Ry Co.)..
75,000
deposits owned by one of the large iron manufacturing com
panies at Birmingham.
Total.......................................................................
$278,320 00
C o n s tr u c tio n
New Equipment :
Expenditures for new equipment, charged to Capital A c
count, during the year (as shown by the balance sheet,
Table 1, “ Current New Equipment Account year 1897-8")
have been $203,798 24, representing the cost, o f :
( a j Equipment purchased or built costing $84,150 16, viz.:
7 Passenger Cars,
I 1 Steam Tug,
53 Freight Cars,
|2 Barges.
( h j Air-brake and automatic coupler equipment, costing
$119,648 03. for cars not previously so equipped, viz.:
Air brakes for 2,210 Freight Cars,
Automatic couplers for 1,056 Freight Cars.
In addition to the equipment charged to Capital Account
there has been purchased during the year, and charged to
Operating Expenses, to replace equipment- retired, new
rolling stock costing $318,737 16, as follows:
13 Locomotives,
I 261 Freight Cars.
5 Passenger Cars,
An amount, sufficient to provide for the full cost of re
placing all equipment retired during the year, has been
charged to Operating Expenses, and, so far as nob spent, it
stands credited to Reserve Fund for such replacement.
These oharges will increase in 1901...........................................$25,415 00
and 1 1 1906.............. ...................................................................-..$ 2 5 ,4 1 5 00
1
additional.
V ir g in ia M id l a n d C o n s o lid a tio n .
The property and franchises of the Virginia Midland Rail
way Company -heretofore leased and further controlled by
the" ownership of substantially all of its capital stock—have
been conveyed to the Southern Railway Company by deed
dated June 21, 1898.
The Consolidated Mortgage of the Southern Railway Com
pany has thu* become a direct lien upon the Virginia Mid
land property (subject to the existing Virginia Midland
mortgages), whereas it has heretofore been a lien only upon
the Virginia Midland stock and upon the leasehold interest
in the property.
The Income Account of the Virginia Midland lias hereto
fore been included in that o f the Southern, so that the con
solidation involves no change in the operated mileage or
fixed charges of the system.
K n o x v ille C u m b e r la n d G a p & L o u is v ille C o n s o lid a tio n :
The final payment for the purchase o f the securities of
the Knoxville Cumberland Gap & Louisville Railway Co,
was made on April 1, 1898.
As shown in Table 21 of pamphlet, the equipment of all
As all of the securities thus became the property o f the
lines at the close of the year consisted o f :
Southern Railwav Co., there was no reason for maintaining
686 Locomotives,
367 Cars,Road-Service Equip. a separate organization for the K. C. G. & L. Co. A merger
2 Steam Tugs,
593 Cars, Pas. Equipment,
was therefore effected on June 29, 1898, and the road is
Barges.
21.102 Cars, Freight Equip't,
now a part o f the Southern Railway Company's property.
This includes equipment received with the Memphis Div
The total cost of the property (exclusive o f interest
ision, viz.:
which was charged to “ Income A cco u n t" or “ Profit and
39 Locomotives,
1,296 Cars, Freight Equipm’t, Loss ”) was $955,153 63.
14 Cars, Road Serv. Equip, L ea se o f C a r o lin a & C u m b er la n d G a p R a i l w a y :
41 Cars, Passenger Equipm't.
and equipment received with the Knoxville Cumberland
This line, about 24)4 miles in length, from Edgefield to
Gap & Louisville Railway, viz.:
Aiken, S. C „ has been leased by the Southern Railway Com
12 Locomotives,
I 217 Cars, Freight Equipment. pany for thirty-seven years, effective July 1, 1898, at a
9 Cars, Passenger Equipm’t, |
rental o f $6,250 per annum.
P u r c h a s e o f M e m p h is di C h a rlesto n R a V r o x d .
This affords the Company an entrance into Aiken, S. C.,
The Company purchased during the year, through the Re a winter resort of importance.
organization Committee of which Mr. Adrian Iseliu, Jr., was N o r th C a ro lin a M id i net R a ilr o a d :
Chairman, the property and franchises of the Memphis &
For reasons stated in the last annual report, it was decided
Charleston Railroad Company,
by the Board of Directors t o secure the construction of a
The purchase was made under an agreement between the line of railroad between Mocksvilie and Mooresville, N, C.,
Committee and the Southern Railway Company, dated Feb a distance o f nearly thirty miles. This construction was
ruary 18, 1898, the Company issuing, for account of the pur substantially complete at the close of the year. The South
chase, its obligations, secured by liens upon the Memphis & ern Railway Company owns a controlling interest in the
Charleston property, and Preferred Stock, as follows:
stock and all of the bonds of the Norte Carolina Midland
S o u t h e r n R a il w a y C o m p a n y , M e m p h i s D iv i s io n , F ir s t
Railroad Co., which Company constructed and owns the line.
M o r t g a g e B o n d s , b e a n o e Interest a t 1 per c e n t per an
A rth C a r o lin a L ea se :
ntim u n t i l July 1, 1901, then at 4 4 per cent uadi July
1 ,1 9 0 0 , a n d at 5 p r o o m t h e r e a l t e r ...................... ..........$ 5 ,0 3 3,0.1 0 0 0
The injunction against the State authorities of North
S o u t h e r n R a il w a y C o m p a n y , M e m p h is D iv is io n , SOOfiml
Carolina and the North Carolina Railroad Company referred
M o r t g a g e 6 o n is . b e a r i u y i m o r e s : a t 5 p e r c e n t p e r a n to in the last Annual Report, restraining them from disturb
S o u th e rn R a ilw a y F r e fm r e d S to c k ............................................ 2 .9 9 0 ,4 ' 0 00 ing the lease of the North Carolina Railroad to this Com
The total authorized issue of Memphis Division First Mort pany, was made permanent by ths Circuit Court for the
gage Bonds is $8,0 10.00J, $1,417,000 of which are reserved Western District of North Carolina on April 18, 1898.
This closes the litigation into which the Company was
for fut ure improvements upon the Memphis Division, to be
issued at a rate not exceeding 8100,000 par annum, and forced, in order to protect its rights under the lease. Every
$1,500,000 additional are reserved solely for the construction, point in the case was decided in favor o f fjhe Company, and
if determined upon, of a line o f railway between Stevenson the charge of fraud in the making o f the lease broke* down
and Chattanooga. If not used for this purpose the $1,500,000 completely in court. The case cannot now be appealed,
and the position of the Company in respect to the lease hasof bonds can not be issued.
The total authorized is-u:? of Memphis Division Secon 1 thus been further strengthened by a final decree of court.
Mortgage Bonds is 82,500,000. $1,000,000 being reserved for N ew In d u strie s:
During the year over 200 new manufacturing establish
improvements or for the purchase of additional property.
The $1,500,000 of Second Mortgage Bonds have not been ments of various kinds were wholly or partially constructed
sold, and, pending their sale, your company has issued at points upon the Company's lines.
E q u i p m e n t on S a n d , J u n e SO, 1S9S:
mum........................... ..................... ............ ......... l.seo,onooo
A ugust 20, 1898 j
THE
C H R O N IC L E .
The aggregate cost of these plants, together with the cost
o f additions to existing plants made or begun during the
year, is estimated to be over $4,000,000.
These new plants include thirteen cotton mills, which, to
gether with additions during the year to previously existing
mills, will contain about 258,000 spindles and about 2,200
looms.
There have been constructed during the year by the Com
pany over twelve miles of additional side-tracks to new in
dustries whose business is, or will be, tributary to the Com
pany's lines.
These improvements indicate a steady and substantial
growth of manufacturing industries in the South.
The traffic upon the Company’s lines was somewhat
affected at all points, and was practically stopped on certain
portions in Alabama and Mississippi by the presence of
yellow fever in the autumn and early winter of 1897.
Pursuant to the policy adopted in 1897, the accounts of
the Company have been examined by certified public ac
countants, and the certificate of Messrs. Patterson & Cor
win, as the result of the examination, is attached to this
report.
Especial attention is directed to the General Manager’s
report for statistics, details o f earnings and expenses, mate
rials used, betterments made and economies accomplished
in the operation of the property.
The acknowledgments of the Board are due to all officers
and employees, for the faithful and efficient discharge of
their duties during the year.
Respectfully submitted, by order of the Board,
SAMUEL SPENCER,
P r e s id e n t.
375
E
a b n in g s .
F reig h t:
The freight earnings increased §1,015.403, or 8-20 per cent.
The number o f tons of freight carried increased 649,306
tons, or 8-21 per cent.
The number o f tons of freight carried one mile increased
112,658.457 tons, or 8-51 per cent.
The average length o f haul of freight was 167-95 miles in
1898, and 167'50 in miles in 1897.
The average rate per ton per mile was ’933 of a cent in
1898, as compared with '936 of a cent in the previous year.
The average earnings of freight trains per mile run were
§1-392 in 1898, compared with $1-385 in 1897.
P a ssen ger:
The passenger earnings increased $428,033, or 8-86 percent.
Number of passengers carried increased 143,020, or 3-52 p. c.
The number o f passengers carried one mile increased
22,835,869, or 11-21 per cent.
The average rate per passenger per mile was 2-322 cents,
as compared with 2'372 cents in the previous year, a de
crease of 2-11 per cent.
The average distance traveled by passengers was 53-95
miles, as compared with 50-22 miles in the previous year, an
increase of 7-43 per cent.
The average earnings of passenger trains per mile run
were $1-005 in 1898, compared with $0‘947 in 1897, an increase
of 6-10 per cent.
E
xpen ses.
C o n d u c tin g T r a n s p o r ta tio n .
Th e to ta l ex p en ses
fo r
“ C o n d u c t in g
T r a n s p o r t a t i o n ” I n c r e a s e d .........................
T h e t o t a l t o n n a g e m o v e d (I n o ln d in g C o m
p a n y 's f r e ig h t ) in 1 8 9 8 w a s ........................
T h e t o t a l t o n n a g e m o v e d ( in e l u d i n g C o m
p a n y ’ s f r e i g h t ) i n 1 8 9 7 w a s .........................
$ 3 3 4 ,1 7 2 o r 4 - 9 5 %
9 ,9 4 8 ,7 0 7
9 ,1 0 6 ,5 4 3
A n i n c r e a s e o f ...............................................
EXTRACTS FROM THE REPORT OF THE GENERAL
MANAGER.
W
ashington ,
D. C., August 18, 1898.
M r . S a m u el S p e n c e r . P r e s id e n t, N e w Y o r k :
D e a r S i r —The following report upon the operations and
physical condition of the Southern Railway properties for
the year ended June 30, 1898, is respectfully submitted:
M IL E S O F R O A D O P E R A T E D .
T h e n u m b e r o f m il e s o f r o a d o p e r a t e d o n J u n e 3 0 , 1 8 9 7 , w a s .. 4 , 8 2 7 - 2 2
T h e n u n ic e r o f m ile s o f r o a d o p e r a t e d o n .I u n e 3 0 , l s 9 8 , w a s ..5 ,2 3 1 - 6 7
8 4 2 ,1 6 4 t o n s , o r 9 - 2 5 %
T h e t o t a l n u m b e r o f to n s c a r r ie d o n e m ile
(in c l u d i n g C o m p a n y ’ s f r e i g h t ) iu 1 8 9 8
w a s .............................................................................. 1 , 6 9 0 ,0 8 5 ,0 2 4
T h e t o t a l n u m b e r o f t o n s o a r r ie d o n e m ile
(in o ln d in g C o m p a n y ’ s f r e i g h t ) i n 1 8 9 7
w a s ...............................................................................1 ,5 4 5 ,2 7 3 ,9 6 2
A n i n c r e a s e o f ...............................................
The num ber o f
t r a in s in 1 8 9 8
The num ber o f
t r a in s i n 1 8 9 7
1 4 4 ,8 1 1 ,0 6 2 o r 9 ’3 7 %
m il e s r u n b y p a s s e n g e r
w a s .............................................
m il e s r u n b y p a s s e n g e r
w a s . . . .......................................
A n i n c r e a s e o f ...............................................
6 , 9 7 5 ,5 3 6
6 ,8 4 6 ,5 6 6
1 2 8 ,9 7 0 o r 1 -8 8 %
A n in c r e a s e o f ...................................................................................................... 4 0 4 -4 5
Consisting substantially of the Memphis Division. 331-7
miles, operated from March 1, 1898, and the Knoxville Cum
berland Gap & Louisville Ry. (73 11 miles), acquired June
29, 1898.
M E M P H IS
n u m b e r o f m il e s r u n b y f r e i g h t t r a in s
1 8 9 8 w a s .............................................................
n u m b e r o f m il e s r u n b y f r e i g h t t r a in s
1 8 9 7 w a s ............................................... ............
A n i n c r e a s e o f ............................................... ......
9 ,6 2 7 ,6 8 1
8 ,9 4 1 ,7 9 3
6 8 5 ,8 8 8 o r 7 - 6 8 %
D IV IS IO N .
The results of operation of the Memphis Division (331-7
miles) for the f o u r m o n th s f r o m M a r c h 1, 1 898, compared
with same period of the previous year, are as follows :
1898.
E a r n iw g s :
•
$
F r o m P a s s e n g e r s . ............... .1 3 3 , 6 3 6 7 1
“
F r e i g h t ......................... . 2 7 6 , 8 5 9 5 0
“
MaUL.............................. . 1 4 ,8 1 5 16
“
E x p r e s s . . . . ...............
8 ,3 3 3 3 2
“
M is c e l la n e o u s .......... . 2 0 .8 6 5 3 8
T o t a l E a r n in g B ............. .4 5 4 . 5 4 0 0 7
E xpen ses :
F o r M a tn t. o f W a y a n d
S t r u c t u r e s ........................ . 6 6 ,2 5 2
“
M a in t . o f E q u ip m e n t . . 5 4 ,0 7 2
4 C o n d u c t in g T r a n a p ’ n . 1 8 3 ,5 >2
4
44 G e u ’ l E x p . a n d T a x e s . 4 2 . 1 8 6
The
in
The
in
91
73
97
88
T o t a l E x p e n s e s ............ ..3 4 6 ,0 6 5 4 9
N e t E a r n s , f r o m O p e r a t ’ n .1 0 8 ,4 7 4 5 8
B a t i o o f E x p . t o E a r n s . . . .. 7 6 1 4 p . c .
1897.
9 2 ,9 7 6
2 9 6 ,6 7 6
1 4 .8 4 5
8 ,3 7 4
1 5 ,6 5 2
34
44
16
84
75
4 2 8 ,5 2 5 5 4
5 6 .1 2 8
4 5 ,8 5 9
2 1 0 ,1 0 3
3 7 ,2 0 9
44
25
53
86
I n c . o r D ec.
P er
C en t.
$
I . 4 0 .6 6 0 3 7 4 3 -7 3
£ > .1 9 ,8 1 6 9 4
6 -6 7
£>.41 5 2
£ . 5 ,2 1 2 6 3
I . 2 6 ,0 1 4 5 3
£. 1 0 .1 2 4
I. 8 ,2 1 3
D. 4 6 ,5 5 0
£ .4 ,9 7 7
47
48
56
02
•49
3 3 -3 0
6 -0 7
18 0 3
1 7 -9 1
1 2 -6 <
1 3 -3 7
3 4 9 ,3 0 1 0 8
£ > .3 ,2 3 5 5 9
•92
7 9 .2 2 4 4 5
T. 2 9 ,2 5 0 13
3 6 -9 2
8 1 * 5 1 p . c.
T h e n u m b e r o f m il e s r u n b y a l l t r a in s in
1 8 9 8 w a s ...................................................................
T h e n u m b e r o f m il e s r a n b y a ll t r a in s in
1 8 9 7 w a s ....................................................................
A n i n c r e a s e o f .................................................
The
in
The
in
n u m b e r o f m il e s r u n b y l o c o m o t i v e s
1 8 9 8 w a s .............................................................
n u m b e r o f m il e s r u n b y l o c o m o t i v e s
1 8 9 7 w a s ..............................................................
A n i n c r e a s e o f ........... ....................................
T h e a v e r a g e n u m b e r o f t o n s c a r r ie d p e r
t r a in In 1 8 9 8 w a s .........................................
T h e a v e r a g e n u m b e r o f t o n s c a r r ie d p e r
t r a in in 1 8 9 7 w a s .........................................
A n i n c r e a s e o f ...............................................
The average cost
t a t io n p e r t r a in
T h e a verage co st
t a t io n p e r t r a in
o f co n d u c tin g tr a n s p o r
m ile in 1 8 9 8 w a s ............
o f c o n d u c tin g tr a n s p o r
m ile i n 1 8 9 7 w a s .............
1 6 ,9 7 9 ,9 6 7
1 6 , 1 9 6 ,4 6 6
7 8 3 , 5 0 1 o r 4-8496
2 0 ,5 8 4 ,9 3 3
1 9 , 8 3 4 ,5 4 5
7 5 0 ,3 8 8 o r 3 '7 8 %
1 7 5 -5 4
1 7 2 -8 1
2 -7 3 o r 1 -5 8 %
4 1 - 6 9 o ts.
4 1 -6 5 cts.
O r s u b s t a n t i a l ly t h e s a m e i n t w o y e a r s .
E A R N IN G S A N D E X P E N S E S.
N o t i n c l u d i n g M e m p h is D iv is io n .
E a r n in g s .
1898.
F r o m f r e i g h t .................. $ 1 3 ,4 0 2 ,3 0 5
4
4
P a s s e n g e r .............
5 ,2 6 0 ,8 8 1
44
M a i l ..........................
1 ,1 9 4 ,4 4 9
44
E x p r e s s .................
4 3 0 .6 9 9
4
4
M is c e l la n e o u s ...
3 4 6 ,9 6 4
1897.
$ 1 2 ,3 8 6 ,9 0 2
4 ,8 3 2 ,8 4 8
1 ,1 1 0 .0 6 3
4 2 8 ,5 6 0
3 2 1 ,1 2 7
/------- I n c r e a s e ------- *
A m o u n t.
P . CL
8 -2 0
$ 1 ,0 1 5 ,4 0 3
4 2 8 ,0 3 3
8 -8 6
8 4 ,3 8 6
7 -6 0
8 ,1 3 9
1 -9 0
8*05
2 5 .8 3 7
T o t a l E a r n in g s ___ $ 2 0 ,6 1 1 ,2 9 8
EXPENSES.
F o r C o n d u c t in g T ra n *
s p o r t a t i o n ...................... $ 7 ,0 8 0 ,1 7 1
F o r M a in t e n a n c e o f
W ay an d S tru ctu res.
2 , 9 6 4 ,9 1 8
F o r M a in t e n a n c e o f
E q u ip m e n t .....................
2 ,6 9 7 ,7 5 2
F o r G e n e r a l E xx> en ses
a n d T a x e s .......................
1 , 4 1 2 ,9 5 8
$ 1 9 ,0 7 9 ,5 0 0
$ 1 ,5 6 1 ,7 9 8
8 -1 9
$ 6 ,7 4 5 ,9 9 9
$ 3 3 4 ,1 7 2
4 -9 5
2 ,9 2 0 ,1 9 0
4 4 ,7 2 8
1 -5 3
In the above computations the mileage of mixed trains is
considered as one-fourth passenger service and three-fourths
freight.
M a in te n a n c e o f W a y a n d S tr u c tu r e s .
The roadway and structures have been maintained in gen
erally good condition during the year and in many respects
show a considerable and continuous improvement. The to
tal increase iu the expenses under this head was $44,728, or
1"53 per cent over those of the previous year. The chief in
creases were in the items o f renewal of ties and repairs of
buildings.
M a in ten a n c e o f E q u i p m e n t .
The increase of $446,986, or 19-86 per cent, in expenses for
Maintenance of Equipment is represented by continued im
provement in the condition of the rolling stock.
T o t a l E x p e n s e s ___ $ 1 4 ,1 5 5 ,7 9 9 $ 1 3 ,2 3 3 ,1 5 6
6 -9 7
There were undergoing repairs at the close o f this year 55
$ 9 2 2 ,6 4 3
locomotives, as against 60 last year; 17 passenger cars, as
N e t E a r n in g s f r o m O p e r . $ 6 ,4 8 5 ,1 9 9
$ 5 ,8 4 6 , 3 4 4
$ 6 3 9 ,1 5 5 1 0 -9 3
against 30, and 782 freight cars, as against 843.
The average expense for repairs to each class of equip
R a t io o f E x p en . to E a rn s.
6 8 -5 8
69*35
D ecrea se,
0 -7 7
ment per engine per mile and per car per mile during the
C O M P A R IS O N O F S T A T IS T IC S .
The following statistics cover the operations of the sys four years of the Company’s operations has been as follows:
1 8 9 4 -5 .
1 8 9 5 -6 .
1 8 9 6 -7 .
1 8 9 7 -8 .
tem exclusive of the four months’ operations o f the Mem
c o m iv
t
4*1 2 o t s .
4 -8 9 cts .
5 5 8 o ts.
phis Division, in order that comparison may be made L o e i g h o tC aers p e r m iil lee........ 4 -1 9 o t s ..
Fr
t
s Tier m
___ 0*4 7 c s
0*48 c ts .
0 -4 7 cts .
0 -5 3 cts .
between substantially the same properties for the two years: P a s s e n g e r O a r s p e r m il e . .0 * 8 3 c t s .
0 ‘9 4 o t s .
0*85 o t s .
1 -0 7 o t s .
2 ,2 5 0 ,7 6 8
4 4 6 ,9 8 6
1 9 -8 6
1 ,3 1 6 ,2 0 1
9 6 ,7 5 7
7 -3 5
THE
376
T A B L E
C H R O N IC L E .
1 ,—C O M P A R A T IV E B A L A N C E S H E E T
[ V o l . LXVIl
JU N E 30, 199 8, A N D JU N E 30, 1897.
ASSETS.
J u n k so , 1808.
JtT.SK 3 0 . 1 8 9 7
GOST OF ROA l>.
’ [
StiuTHKiiN R a i l w a y P it o i i.U TlBS.................................................... ........ ............................ $ 2 5 1 ,1 0 5 ,0 8 6 9 3
VtJ : T o t a l t o J u n o 3 0 . 1.897
.......................................................$ 2 2 8 ,0 1 2 ,5 8 7 3 3
M e m p h is A C h a r e s tO U l i l t .............................................. . . .
8 , 0 9 8 , 9 4 6 21
V i r g i n ia M id la n d K y . ( t r a n s f e r r e d f r o m " O u s t o f H o a d
L e a s e h o ld E s t a t e * ” a n fl T S i-cu rltk 'fi o w n e d " ) ..........
’
1 3 ,0 3 8 .8 0 0 0 0
S a 0 ,0 1 8 0 3
K n o x v i l l e ' iltlUorl.'inrt G a p & L o u is v ille R y . ............
C u r r a n t N o w C o n s t r u c t i o n A c o t.., y e a r 1 8 9 7 -8 ............
1 7 1 ,8 5 4 23
-‘ 1 ,1 9 0 5 0
Sundry Adjustments......................... .................... .
$ 2 2 8 ,0 2 2 ,5 8 ? 3 3 !
1 . 0 1 6 .3 9 3 10
25,005,265 00
lio a s c h o ld E s ta te s .
1 2 5 1 ,1 0 5 ,0 3 6 9 3
{ P e r c o n t r a “ O u t s t a n d in g S e c u r i t i e s " ) .
1 2 ,4 7 4 ,8 4 5 0 0
$ 2 6 3 ,5 S 0 ,8 3 1 9 3
$ 2 5 1 ,1 3 3 ,2 1 5 18 Tm At. cost of Ro a d ............................. .......................................
Gobi of EQUIPMENT.
E q u ip in c n t Draw/
...........— ..
----- . . . . . . . . . . . . . . .
VI*.: Total to June 30, 199*........ .........................................
Memphis A Charleston Equipment.............................
K. c. ii. ,v 1. Equipment.............................. ................
Virginia Midland Equipment (transferred from
"Equipment Leasehold E s ta te s")................ ....... .
Trust Equipment finally paid for and released from
trust ......................................................................... .......
(Turrett 5’ e«’ Equipment Account, year 1897-8.........
Sundry Adjustments...........................................................
$ 9 , 3 1 1 ,6 9 3 0 8
$ 1 0 ,0 3 8 ,0 7 2 0 7
$ 8 .3 • 1 ,6 0 3 0 8
■198,555 0 0
1 0 1 ,5 1 5 f O
2 1 0 ,5 8 0 0 0
6 7 4 ,9 1 5 0 0
2 0 3 ,7 9 8 2-1
93 5 75
$10,038,072 07
T r u s t E q u i p m e n t ........................... .................................................. ........................
E q u ip m e n t L e n x e h o id E sta te s . { P e r C o n t r a "Outstanding Securities ’’ —
2 ,5 2 >,G20 0 0
6 1 5 ,* 3 5 0 0
Viz.: North Carolin'i HR ....................................................
$L05,000 00
Atlanta ,v Charlotte Air Line B y............ ................... .
194,005 t 0
Georgia Midland Ky.................... ....................................
76,150 00
E q u ip m e n t O th e r L i n e s ............... ...............................................................................
Viz.: Roswell KB .....................................................................
$3,610 00
Richmond A Mecklenburg R R .......................................
3,700 00
7 ,4 0 0 0 0
1 1 ,1 6 7 ,4 5 4 0 3
1 ,8 5 4 ,7 1 1 0 0
3 7 5 ,1 5 5 0 0
7 ,4 0 0 0 0
1 2 ,2 7 5 ,3 3 8 0 7
T o t a l C o s t o f E q u i p m e n t ..
$ 2 6 5 ,6 0 0 ,6 9 9 5 7 T o t a l C o s t o f R o a d a n d E q u i p m e n t - .......................................... ....................................
C o s t o f b e o u r i t i - s . P l e d g e d o r H e i . ii f o r c o n t r o l .
P l e d g e d u n d e r F ir s t C o n s o li d a t e d M o r t g a g e (S e e T a b le 6 ) .................................
$ 1 1 ,1 5 5 ,3 8 1 8 2
P l e d g e d u n d e r M e m p h i s D iv is io n F ir s t M o r t g a g e ....................................................
P l e d r e d t o s e c u r e S o R e . C e r t ific a t e s o f i n d e b t e d n e s s ...... ............. ....................
B o n d s d e p o s i t e d u n d e r N o th C a r o l i n a R R , L e a s e .................................... ...........
1 7 5 ,0 0 0 0 0
S e c u r it ie s in T r e a s u r y u n p le d g e d , h e ld f o r c o n t r o l o r a s m u n i m e n t s o f
3 8 2 ,5 8 7 8 2
t i t l e (S e e T a b le 7 ) ........ ........................................................................ ...............................
1 4 ,7 1 2 ,9 7 2 64
$ 2 7 5 ,8 5 6 ,1 7 0 0 0
$ 1 3 ,1 2 4 ,5 0 4
TQO.OOO
1 , 5 0 0 ,0 0 0
1 7 5 ,0 0 0
82
00
00
00
5 6 8 ,6 9 5 82
1 6 ,0 6 8 ,2 0 0 6 4
$ 2 8 0 ,3 1 3 ,6 7 2 2 1
t o t a l C o s t o f R o a d , E q u ip m e n t a n d S e c u r it ie s h e l d f o r C o n t r o l .
9 5 7 ,9 5 0 2 1 , M a t e r i a l s a n d S u p p l i e s o n H a n d (S e e T a b le 8 lu P a m p h l e t ) ............................
$ 2 8 1 , 2 7 1 ,0 2 2
6 3 ,8 0 1
6 6 6 .0 (1 0
6 5 2 ,7 9 6
4 1 2 ,4 9 5
1 9 .8 9 6
5 2 .1 88
$ 2 ,1 7 6 8 3 5
2 3 4 .0 1 2
4 3 6 ,5 S 8
2 9 2 .3 2 1
5 4 2 ,7 7 8
2 9 1 ,8 3 3
2 1 0 ,9 7 2
$ 2 9 1 ,9 2 4 ,3 7 0 6 4
1 ,0 7 8 ,5 3 8 7 2
,$2 9 3 ,0 0 2 ,9 0 9
6 4 ,3 0 1
9 4 5 ,0 0 0
9 8 8 ,7 5 9
1 7 3 ,3 1 1
1 8 ,5 2 1
1 0 4 ,2 7 2
25
90
80
51,
79
04 ;
01
T o t a l C a p i t a l A s s e t s .........................................................................
S e c u r i t i e s O w n e d , d e p o s i t e d u n d e r c o n t r a c t s . .......................................
s o u t h e r n R r . C o . C o n s o l id a t e d M t o k . B o n d s in T r e a s u r y . . .
M i s o e i .l a n b o u s s e c u r i t i e s O w n e d , i n T r e a s u r y u n p l e d g e d ...........
b i l l s R e c e i v a b l e —d e f e r r e d h u t s e c u r e d ....................................................
Insurance P aid , N ot A ccrued ................................. ........................
S i n k i n g F u n d s — U n i n v e s t e d B a la n c e s i n h a n d s o f T r u s t e e s . . , ........
C u r r e n t A ssets
C a s h in h a n d s o f T r e a s u r e r a n d in h a n d s o f F i n a n c i a l A g e n t s .
C a s h in t r a n s it f r o m A g e n c i e s .................................. . ...........................
D u e f r o m A g e n t s a n d C o n d u c t o r s ...........................................................
D u e f r o m U .S . G o v e r n m e n t . . . .................................................................. ..
D u e f r o m C o m m o t i n g L in e s ........ ................................................................
D u e f r o m I n d iv id u a ls a n d C o m p a n ie s .....................................................
B i l ls R e c e i v a b l e —c u r r e n t ................................................................................
$ 1 ,2 7 5 ,2 2 2
2 9 1 ,2 7 3
3 9 8 ,5 9 7
3 2 1 ,0 1 3
7 1 8 ,7 3 2
5 3 2 ,8 5 9
6 2 ,0 7 8
36
90
GO
70
12
13
36
49
85
64
92
19
44
08
4 ,5 9 7 ,7 7 7 5 1
4 , 1 8 5 ,3 4 2 3 3 T o t a l C u r r e n t A s s e t s .
$ 2 9 9 ,8 9 4 ,8 5 3 0 8
| 2 8 7 ,3 2 4 .6 4 3 4 9 1________________________________
$
_
L IA B IL IT IE S .
J une 30,1898.
J u n e 3 0. 1897.
$ 120,000,000 00
5 4 , 3 0 0 ,0 0 0 0 0
■ $ 1 7 4 ,3 0 0 , 0 0 0 0 0
1 8 0 ,6 6 0 , 5 0 0 0 0
$ 1 2 ,8 6 1 ,0 0 0 0 0
7 . 2 0 0 .0 0 0 0 0
4 , 0 0 0 ,0 0 0 0 0
1 .6 5 0 .0 0 0 0 0
2 5 ,7 1 1 ,0 .0 00
$ 7 2 ,8 7 5 0 0
1 7 5 ,0 0 0 0 0
2 8 ,7 0 2 8 2
* '" 3 , 1 9 2 0 0
2 7 9 ,7 0 9 8 2
50, f 0 0 0 0
472, 3 5 6 23
$ 3 ,6 4 0 0 0
3 ,7 6 0 0 0
7 ,4 0 0 0 0
$ 2 8 1 ,4 3 1 ,0 2 6 0 5
C a p i t a l St o c k .
C o m m o n ................................................................................................................................................. $ 120,000,000 00
P r e f e r r e d ..................................................................................... - ............................................ .
5 7 ,2 9 0 ,4 0 0 t o
----------------------- $ 1 7 7 ,2 9 0 (400
T o t a l ........ - ................................................................. .............................................................
1 0 4 ,2 3 6 . ,0 0 0
F u n d e d D e b t ( s e e T a b l e 4 ) ............................................................... ..
...................................
O u t s t a n d i n g S e c u r i t i e s o f L e a s e h o l d E s t a t e s (s e e T a b le 5) .........................
V i r g i n ia M id la n d R a i l w a y
B o n d s ( t r a n s f e r r e d to
“ Funded D e b t” ) ...
A t l a n t a & C h a r lo t t e A i r L in e R a i l w a y
B o n d s a n d S t o c k ........
$ 7 ,2 0 0 ,0 0 0 0
4 ,0 0 0 ,0 0 0 0 0
N o r t h C a r o l i n a R a il r o a d
S t o c k ....................................
G e o r g i a ■ i d la n d R a i l w a y
B o n d s ............................. ..
1 , 6 1 0 , 0 0 0 U0
1 2 ,8 5 0 , 0 0 0
T o t a i ................................................................................................................................................
E q u ip m e n t N o t e s .
R i c h m o n d & D a n v i ll e R l l .........................................................................................................
$ 3 ,2 0 0 0 0
1 3 7 ,5 0 0 0 0
E a s t T e n n e s s e e V i r g i n ia & G e o r g i a R y ..................................................- ..........................
G e o r g i a P a c i f ic R a i l w a y ...................................................... .......................................................
57,117 76
M e m p h is & C h a r le s t o n R R ................................................................. .......................................
G e o r g i a M id la n d R a il w a y ................................................................................. ........................
, 817
T o r n ................ ...............................................................................................................................
1 , 000 , 0 0 0
C e r t i f i c a t e s o f I n d e b t e d n e s s —A c c o u n t o f p u r c h a s e o f M e m p h is D iv is io n .
M o r tg a g e s on R eal E sta te .
5 0 ,0 0 0
N o r f o l k , V » ....................
......................................................................................... .....................
B a l a n c e o f P u r c h a s e P r ic k o r K . C . G . & L . R v „ p a i d A p r i l 1 s t, 1 8 9 8 .
;E q u i p m e n t O t h e r L i n e s . ( P e r c o n t r a )
$ 3 ,6 4 0 0 0
R o s w e l l R R ............................................................................ ...........................................................
3 ,7 0 0 0 0
R i c h m o n d »t M e c k le n b u r g R E ..................................................................................................
7,400
T o t a l ................................................. ........................... ..............................................................
202
T o t a l C a p it a l, F u n d e d
R (.s e r v e F u n d s .
and
C io n
M i s c e l l a n e o u s ........................... ............................................................
Interest and Rentals Due and Unnatd, including amount due July 1 ..........
Audited Vouchers (incl uding new*construction and new equipment)..........
Pay Rolls (Ju n o..........................................................................................................
Wag. a Uncalled For........ ........................................................................_................
71
06
62
36
96
12
D u e C o n n e c t i n g L in e s ........ .........................................................................................................
Due Individuals ami Companies............................................. ........................
3 ,6 2 '', 5 7 8 53
T o t a l C urrent U a h i I i ( i e s ..............
1 ,1 3 9 ,8 3 0 2 2 P u o f i t AND
m u T a b l e s 2 a n d 3)
* 2 8 7 .3 2 1 .6 1 3 41)
76
00
00
00
$ 2 3 2 ,7 7 4 0 0
2 1 1 ,8 2 4 3 8
1 7 5 ,7 7 7 89
6 2 0 ,3 7 6
6 2 ,9 4 3
5 2 4 ,4 2 9
2 4 0 ,e 9 6
3 0 6 ,8 1 7 5 5
T o t a l .............................................................................................................................................
2 3 , 1 7 8 1 1 S u n d r y A c c o u n t s ..................................................... ......................................................................
5 0 8 .1 1 6 6 7 I n t e r e s t a n d r - n t a l s A c c r u e d , N o t D u e .....................................................................
2 1 0 ,0 9 6 0 6 T a x e s a c c r u e d . N o r D u e ...........................................................................................................
!C o n r e n t LtA R tr.iT iE S .
$ 1 ,6 5 4 ,7 2 6
8 3 0 ,9 4 7
6 7 2 ,0 1 0
3 4 ,7 9 0
3 2 6 ,4 6 9
1 0 6 ,6 3 4
00
$ 2 9 2 ,6 3 6 ,6 1 7 7 6
L ia b ilit ie s .
Fur Maintenance of W ay......................................................
For Maintenance of Equipment........................................ .
$ 1 1 9 ,1 8 8 6 9
5 3 ,0 0 0 0 0
1 3 4 ,6 2 8 86
00
00
$ 1 ,8 2 9 ,7 9 0
1 .0 7 7 ,2 7 8
7 2 8 ,5 5 1
5 6 ,8 5 2
4 2 9 69
2 3 0 ,1 9 6
27
71
55
07
16
25
08
17
51
83;
4 ,3 4 5 ,6 3 8 0 0
1 , 4 5 4 ,9 5 1 7 2
s S 29 n .R 94.853 0 8
THE
A ugust 20, idas.j
T A B L E
2 . —IN C O M E
ACCOUNT
FOR
YEAR
ENDED
C H R O N IC L E
JU N E
30,
1393,
377
COM PARED
W IT H
YEAR
ENDED
JU N E
30,
1897.
1893.
1897
So. Ri/. S y s te m . M e m p h is D iv .
E x clu siv e
4 M o n th s to
M e m p h is D iv . > w u e 3 0 ,l * 9 8
$ 4 ,8 3 *2 ,8 4 8
1 2 ,3 8 6 .9 0 1
1 ,1 1 0 ,0 6 2
4 2 8 ,5 6 0
3 2 1 ,1 2 7
B y G ross E a r s is g s.
P a s s e n g e r .......................
F r e i g h t ............................
M a i l . .................................
E x p r e s s .........................
M i s c e l l a n e o u s .............
42
32
92
0 *
19
$ 5 ,2 6 0 ,8 8 1
1 3 ,4 0 2 ,3 0 4
1 ,1 9 4 ,4 4 9
4 3 6 ,6 9 9
3 4 6 ,9 6 4
$ 2 0 .6 4 •,298 68
$ 1 9 ,0 7 9 ,4 9 9 84
$ 6 ,1 2 5
9 7 ,5 2 3
3 .0 0 0
1 6 ,3 6 0
2 ,9 0 0
:-4
66
17,
19|
32
$ 1 3 3 ,6 3 6
2 7 6 ,8 5 9
1 4 ,8 4 5
8 ,3 3 3
2 0 ,8 6 5
71 $ 5 ,3 9 4 ,5 1 3 05
5 0 1 3 ,6 7 ,1 6 4 16
16 1 ,2 0 9 ,2 9 4 3 3
3V
4 4 5 ,0 3 2 51
o 8 J 3 6 7 ,8 2 9 7 0
$ 4 5 4 ,5 4 0 07
$ 2 1 ,0 9 5 ,8 3 8 7 5
B r I n c o m e f « o . In v e s t m e n t s .
m
I n t e r e s t o n C h e s t e r A L e n o ir B o n d s ___
___ D iv i d e n d s o n A l a b a m a G r e a t S o u t h e r n S t o c k -----D iv i d e n d o n N o r f o l k A C a r o l i n a S t o c k .....................
D iv id e n d s o n G e o r g i a S o u t h e r n A F l o r i d a S t c k .
M i s c e l la n e o u s ................... .......................................................
00
73
00
0 >
32
$ 6 ,1 2 5
9 7 .2 S 2
1 5 ,0 0 0
2 8 ,6 3 0
2 ,4 4 3
00
52
00
00
77
1 4 9 ,4 8 1 2 9
1 5 2 ,9 0 9 0 5
B y M i s c e l l a n e o u s I n c o j ie f r o m O t h e r S o u r c e s .
N e t I n c o m e f r o m C o m p r e s s e s a n d »> th er P r o p e r t y ................................................
M is c e l la n e o u s R e n t a ls f r o m R e a l E s t a t e ........................... .......................................
E a r r i n g s f r o m S h e p h e r d ’ s F e r y , A l e x a n d r ia , Y a .................................................
N e t I n c o m e K . C . G . & L , R v . C o .......................................................................................
C a s h r e c e i v e d f r o m R e c e i v e r s o f M e m p h is & C h a r le s t o n R R . f o r a c
c o u n t o f i n t e r e s t a c c r u e d p r i o r t o M a r c h 1 s t o n s e c u r it i e s i s s u e d
S o u t h e r n R a il w a y C o . f o r th e p u r c h j s e o f M e m p h is A C h a r le s t o n R R .
$ 1 2 7 ,2 0 3 6
535 80
6 ,1 6 7 3 9
$ 1 1 8 ,5 0 6 3 3
7 .9 9 9 3 8
2 5 ,1 0 4 42
4 7 ,2 8 6 66
1 3 3 ,9 2 3 55
1 9 8 ,8 9 6 7 9
$ 1 9 ,3 6 6 ,3 3 2 4 4
$ 2 1 ,4 4 4 ,2 1 6 8 3
ls 9 7
1898.
So. K y . S v s le m , M e m p h is D ive x c lu s i v e o f
4 M os. to
M e m p h is D iv . J u n e 3 0 ,1 8 9 8 .
$ 2 ,9 2 0 ,1 9 0
2 ,2 5 0 .7 6 5
6 ,7 4 5 ,9 9 9
1 ,3 1 6 ,2 0 0
T o O p e r a t in g E x p e n se s and T a x e s :
M a i n t e n a n c e o f W a y a n d S t r u c t u r e s .........
M a in t e n a n c e o f E q u i p m e n t ............................
C o n d u c t in g T r a n s p o r t a t i o n ............................
G e n e r a l E x p e n s e s a n d T a x # ? ..........................
21
^6
19
66
$ 1 3 ,2 3 3 ,1 5 6 0 2
$ 2 ,9 6 4 ,9 1 7
2 ,6 9 .7 5 1
7 ,0 8 0 ,1 7 1
1 , 4 1 2 ,9 5 s
$ 1 4 ,1 5 5 ,7 9 8 9 5
T o F ix e d C i i u i g e n in c l u d in g R e n t a l s :
S o . R y . 1 s t C o n s o l. M t g e —
$ 2 6 ,6 3 9 ,0 0 0 ................................
1 , 0 0 0 ,0 0 0 ................................
1 ,2 9 4 .1 9 1 6 6
1 8 0 ,0 0 0 0 0 , 1 2 m o s
3 5 9 ,8 2 0
1 6 8 ,4 0 0
4 8 ,6 8 *
4 1 .0 0 0
2 0 .0 0 0
2 2 .5 0 0
9 .0 0 0
1 5 1 ,9 6 0
9 9 ,8 7 5
3 5 .0 0 0
00,
00,
34,
00,
00,
00,
00,
GO,
00,
00,
1 00 ,00 0 0 0 ,
2 1 8 .6 1 0
155 300
6 3 8 .5 0 0
6 0 .0 0 0
12 0 ,0 0 0
2 3 3 .0 0 0
2 8 .5 0 1
3 6 .0 0 0
00,
OO,
00,
00,
00,
00,
16,
00,
6 6 .0 0 0
3 8 .0 0 0
8 8 ,7 5 0
6 5 .5 0 9
2 4 2 ,9 5 0
3 5 ,3 0 0
2 6 6 / 00
3 1 ,2 5 0
2 9 7 .5 0 0
4 - .0 0 0
00,
00,
00,
00,
07,
00.
00,
OO,
00,
00.
00,
00,
00,
00,
94.
4,0(»n
4 0 .0 0 0
1.05O
2 0 ,8 0 7
$ 6 6 ,2 5 2
5 4 / 72
1 8 3 ,5 2
4*2,186
12
12
1*2
12
12
12
12
12
12
12
29
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
12
4 6 .7 5 7 8 0 , 12
2*7,125 t O , 9
$ 1 , 3 3 1 ,9 5 0 . 5 %
2 5 , 0 0 0 , 596
G e o r g i a M id la u d R y . 1 s t M t g e .........................
T o O t h e r D e d u c t io n s f r o m I n c o m e :
M is c e l la n e o u s I n t e r e s t a n d C o m m i s s io n s ..
K. A M . R R . T r a l l ic C o n t r a c t ,
•
*
* N e t E a r n in g s ,
•
N e t D e fi c it B . C . A K. S t e a m b o a t C o.
M is c e l la n e o u s ..............................................................
73
2 7 , 12 m os.
4 6 ,1 2
•
•
74, 12
«
17
85
32
37
90
$ 1 4 ,5 0 1 ,8 6 4 4 4
$ 3 4 6 ,0 6 5 4 9
1 ,6 5 0 ,0 0 0 , 3 %
5 ,6 1 2 ,2 3 1 4 0
$43 149
4 ,9 7 3
5 ,4 2 1
2 0 ,0 3 5
1 ,4 4 2
,0 3 1 ,1 7 0
7 5 1 ,8 2 4
2 6 3 ,7 2 4
4 5 5 ,1 4 4
91
73
97
88
00
$1 ,356,950 00
195.000
'E . T . R e o r g a n iz a t i o n M t g e ___
. . . . 1 2 ir .o s ., $ 4 , 5 0 0 , 0 0 0 , 5 %
6 m o s ., 5 ,0 8 3 ,0 0 0 , 4 %
M e m p h is D iv i s io n 1 s t
“
C e r lir t c a t e s o l I n d e b t e d n e s s —
— A c c o u n t o f M e m p h is D i v ___
7 d a y s ............
5 , 9 9 7 ,0 0 0 , 6 %
;
R . A D . 1 s t C o n s o l.
M t g e ........ . . . . 1 2 m o s .
D eb en tu re
“
.........
3 . 3 6 8 ,0 0 0 , 5 %
E q . 8 . F.
“
.........
8 9 6 ,0 0 0 , 5 %
W . 0 . h W . 1st
r.
“ .........
1 ,0 2 5 ,0 0 0 , 4 %
4 0 0 ,0 0 0 , 5"6
R . Y . R . * C . iHt
........
5 0 ,0 0 0 , 41,06
2d
“ .........
A. T. A 0 . le t
“ .........
1 5 0 ,0 0 0 , 6 %
2 ,5 3 1 ,0 0 0 ,6 %
|
W . N . C . 1 s t C o n s o l.
“
........ ___ 12 in o s
1 ,9 9 7 ,5 0 0 , 5 %
C. C. A A . 1st E x t.
“
......... . . 1 2 iu o s .
2d
“
........ ----- 1 2 11108.,
5 0 0 ,0 0 0 , 796
2 ,0 0 0 ,0 0 0 , 6 %
t c . & G 1st
“
. ...
3 ,1 2 3 ,0 0 0 , 796
E. T. V . & U 1st
..........
3 ,1 0 6 .0 0 0 , 5 %
1 St
u ...........
12 7 7 i'.b 0 0 . 5 %
C on s.
“
..........
1 ,0 0 0 ,0 0 0 , 696
A la . C e n t. 1 st
“
..........
K A O . 1st
“ ........... ___ 1 2 11108.,
2 , 0 0 0 , 0 0 0 , (j%
5 ,6 6 0 .0 0 0 , 696
IG a . P a c. 1 st
“
........... ___ 12 m o s .,
E q . S. F .
'• ..........
4 7 7 ,0 0 0 . 5 %
V a . M id . S e r ia l A
• ..........
*
6 0 0 ,0 0 0 , 696
1 ,9 0 0 0 0 0 , 0 %
B
“
..........
C
“ ...........
1 1 0 0 ,0 0 0 ,6 9 6 t
D
“
...........
9 5 0 .0 0 0 , 49o
E
“
........
1 ,7 7 5 .0 0 0 , 5 %
F
“ ...........
1. 3 1 0 .0 0 0 . 5 %
G en eral
“
.......... ___ 1 2 iuo-».,
4 ,8 5 9 ,0 0 0 , 5 %
C . A R . R R R e n t a l .................................................
N o r t h C a r o l i n a R R . R e n t a l ................................
A . & C . A . L. 1 s t M t g e . P r e f ..............................
5 0 0 ,0 0 ', 4 96
1st M t g e ...........................................
4 ,2 0 , 0 0 ,7 9 6
1 2 m o s .,
7 5 0 .0 0 0 . 6 %
In com e
.........................................
S t o c k .................................................
1 ,7 0 0 ,0 0 0 , 6 %
O r g a n iz a t i o n E x p ......................
$ . U. A C. 1 s t M o r t g a g e ........................................
1 ,0 0 0 , 0 0 0 , 4 %
A t h e n s Belt. L in e R e n t a l ....................................
W il. A W e i R R . T r a c k a g e R e n t a l . ...............
N o r f o l k A C a r o l i n a R R .—
114.000 00, 1 2
102.000
9 l
59
40
02
1 2 m o s ..
l z m o s ..
12 m o s ..
—
101,660 00
36,600
359,820
168,400
45,425
41.000
01
00
00
00
0
2 0 .0 0 0 0 0
22.500
9.000
151.860
99,875
35,105
1 1 0 .0
00
00
00
00
00
0 00
218,610
155,300
638,5* 0
60,000
120.000
311,600
25,737
36.000
114.000
00
00
00
00
00
00
50
00
00
6 6 .0 0 0 0 0
38.000
88,750
65.500
242,950
35,300
266.000
00
00
00
00
00
00
2 0 .0 0 0 0 0
297,500 00
45.000 00
1 0 2 ,0 0 0 0 0
4.000
40.000
1.050
20,962
00
00
00
63
47,312 75
49.500 00
5 ,8 6 2 ,7 6 7 89*
5 7 ,0 5 2
5 ,5 3 9
3 ,8 7 3
5 ,4 3 6
668
88
84
77
15
77
7 5 ,0 2 2 3 7
7 2 ,5 7 1 4 1
1 ,0 0 7 ,0 1 3 0 9
$ 1 9 ,3 6 6 ,3 3 2 4 4
$ 2 1 ,4 4 4 ,2 1 6 8 3
r 8 m on th s, 4 p er cen t.
4 m o n th s , 5 p er cen t.
T A B L E
3 .— P R O F IT A N D
t 6 m on th s, 5 p e r cen t.
6 m on th s, 6 p e r cen t.
LOSS A C C O U N T F O R Y E A R E N D E D
JU N E 30, 1898.
B a la n c e a t C r e d i t o f t h is A c c o u n t , J u n e 3 0 , 1 3 9 7 .............$ 1 ,1 3 9 , 8 3 0 2 2
A d d itio n s :
C r e d it B a la n c e o f I n c o m e A c c o u n t f o r y e a r e n d e d J u n o
30. 1898
........................................... ..............................................
M is c e l la n e o u s N et. P r o f it s d u r i n g y e a r ...................................
1 ,0 0 7 ,0 1 3 0 9
7 ,5 2 6 4 5
$ 2 ,1 5 4 ,3 6 9 7 6
D e d u ctio n s:
D iv id e n d N o. 2 on P r e fe r r e d S to ck . 1%
p a id J a n u a r y 2 0 , 1 8 9 .8 .......................................$ 5 4 3 ,0 0 0 0 0
F o r a c c o u n t o f d is c o u n t o n S ou th ern R v.
C o . F i r s t C o n s o li d a t e d M o r t g a g e 5 %
* 6 m on th s, 5 p e r cen t.
6 m o n th s , 6 p e r cen t-
B o n d s s o l d d u r i n g t h e y e a r ............................. $ 2 5 ,0 0 0 0 0
I n t -r e s t a n d c o m m i s s i o n s a c c r u e d p r i o r t o
J u l y 1, 1 8 9 7 . in c o n n e c t i o n w it h t h e p u r
ch a s e o f th e K n o x v ille C u m b e rla n d G a p
A L o u is v i ll e R t i l w t y ................ ........................
7 9 ,7 4 6 6 2
A m ou n t ch a rg ed o ff b y rea son o f th e d e
f a u l t b y t h e B a lt i m o r e A O h io R a i l r o a d
C o . in p a y t u m it o f r e n t a ls a c c r u e d p r i o r
t o J u l y 1 , 1 * 9 7 , u n d e r i t s le a s e o f t h e lin e
b e t w e e n S tra a u r g a n d H a r r i s o n b u r g ,
V i r g i n i a ............................................................ ...
3 3 ,8 8 3 8 5
S u n d r y s m a ll a c c o u n t s w r i t t e n o f f ................
1 7 ,7 8 7 5 7
---------------------- $ 6 9 9 ,4 1 8 0 1
A m o u n t c a r r ie d f o r w a r d J u n e 3 0 , 1 8 9 3 ........ ............. .........$ L ,1 5 l ,9 3 L 7 2
THE
378
T A B L E
4 .— FU N D E D
S o u t h e r n R y .:
1 s t C o n s o l. M o r t ...............
** E a s t T e n n .” R e o r g . M
M e m p h is D i r . 1 s t M o r t .
M e m p h i s D t v . Oil M o r t
( o w n e d b y S o B y . C o .)
R le lu n o m i A D a n y lU e K B
C o n e o li d . M o r t ,, G o l d . .
D e b e n tu re M o rtg a g e —
E q u ip . S in k in g F u n d M
"W a sh . O h i o * W e s t . K B .:
1 s t M o r t g a g e .....................
R ic h m o n d Y o r k H ir e r *
C h e s a p e a k e R R .:
1 st M o rtg a g e . . . . .
2 d M o r t g a g e .............
A t la n t ic T r im . A O h t o R R :
1 s t M o r t g a g e ...................
W e s t . N o . C a r o l i n a R R .:
1 s t C o n s o li d a t e d M o r t . .
C h a r lo t t e C o l. & A u g . R R .:
1 s t E x t e n d e d M o r t ..........
2 d M o r t g a g e - .......................
C o l u m b i a & G r e e n v. R R . :
1 s t M o r t g a g e .......................
E a s t T e n n . V a . A G a. R y .:
1 s t M o r t g a g e ......................
1 s t M o r t g a g e ......................
C o n s o li d a t e d M o r t g a g e
A l a b a m a C e n t r a l R R .:
1 s t M o r t g a g e .....................
G e o r g i a P a e t iio R y .:
1 s t M o r t g a g e .....................
E q u ip . S in k in g F u n d M
K n o x v i l l e A O h io R R .:
1 s t M o r t g a g e ......................
S p a r t a n b . U n . A C o l . R R .,
1 s t M o r t g a g e ...............
V i r g i n i a M id la n d R y .:
S e r i a l M o r t . , S e r ie s A . . .
“
“
B...
*
•
*
•
JU N E
c ..
"
“
«•
D ..
“
“
E ...
“
>'
"
F ...
G e n e r a l M o r t g a g e ............
C h a r lo t t e s v ille A R jp i d a n R R . 1st M ort
$
$
2 8 ,8 0 1 ,0 0 0 2 7 ,5 2 5 ,r 0 0
4 , 5 0 0 ,0 0 0 4 , 5 0 0 .0 0 0
5 . 0 8 3 ,0 0 0
5
1 ,5 0 0 ,0 0 0
1915 J - J
1927 A - O
V a r. M - S
6
5
0
5 . 9 9 7 ,0 0 0
3 ,3 6 8 ,0 0 0
8 9 6 ,0 j O
0 , 9 9 7 ,0 0 0
3 . 3 6 8 .0 0 0
9 4 0 ,0 0 0
1924 F - A
4
1 , 0 2 5 ,0 0 0
1 , 0 2 5 ,0 0 0
4 0 0 ,0 0 0
5 0 0 ,0 0 0
4 0 0 ,0 0 0
5 0 0 ,0 0 0
1910 J - J
1910 M -N
5
4<*
1913 A - 0
6
1 5 0 ,0 0 0
1 5 0 ,0 0 0
1 9 1 4 .T - J
6
2 , 5 3 1 ,0 0 0
2 , 5 3 1 ,0 0 0
1 9 0 9 J - .1
1902 A - O
5
7
1 ,9 9 7 ,5 0 0
5 0 0 ,0 0 0
1 ,9 9 7 ,5 0 0
o 0 0 ,0 0 0
1916 j - j
6
2 , 0 0 0 ,0 0 0
2 , 0 0 0 ,0 0 0
1900 j - j
1930 J - J
1956 M -N
7
5
5
1918 J - J
6
1 ,0 0 0 ,0 0 0 !
1 ,0 0 0 ,0 0 0
1922 j - j
V a r. F - A
6
5
5 ,6 ^ 0 ,0 0 0
4 7 7 ,0 0 0
5 , 6 6 0 ,0 0 0
5 6 8 ,0 0 0
1925 j - j
6
2 , 0 0 0 ,0 0 0 : 2 ,0 0 0 ,0 0 0
1995 J - J
4
1 , 0 0 0 ,0 0 0
1 ,0 0 0 ,0 0 0
M - S
M -N
6
6
6
4
5
5
5
6 0 0 ,0 0 0
1 ,9 0 0 ,0 0 0
1 ,1 0 0 .0 0 0
9 5 0 ,0 0 0
1 , 7 7 ', 0 0 0
1 .3 1 0 /0 0
-4 ,8 5 9 ,0 0 0
1 9 1 3 J - .1
6
3 5 4 ,5 0 0
Appea *a
a s ‘ ‘S ecu r it i e s o f
L e a se *
h o ld E sb i t e s " iu
.’ 9 7 ; s e e
T a b l e 5.
1906
1911
1916
1921
1^26
1931
1930
31M M M -
S
S
S
S
M- S
3 , 1 2 3 .0 0 0 3 , 1 2 3 ,0 0 0
3 , 1 0 6 , 0 0 0 3 ,1 0 6 .0 0 0
1 2 , 7 7 0 , 0 0 0 1 2 , 7 7 0 ,0 0 0
1 0 1 ,2 3 6 ,0 0 0 8 0 , 6 6 0 ,5 0 0
OF
LEASEH OLD
In terest.
P rin c ip a l
D u e . D u e . R a te.
1906
1911
c. 1 9 1 6
1921
D.
E 1926
p 1931
G e n e r a l M o r tg a g e B o n 6 s ... 193 6
C h a r l o t t e v . & R a o i d a n R R .:
1 s t M o r t g a g e B o n d s ................ 1 9 1 3
tf
J u n e 30,
1897.
1996 A - O
5 . —S E C U R IT IE S
V i r g i n i a M id la n d R y .;
S e r ia l M o r t . B o n d , S e r ie s
“
“
“
“
“
U
“
“
“
**
“
.4
.4
44
«
«
il
ft
ti
1808.
J u n e SO,
1898.
1994 J - J
5
193S M - S
5
19 9 6 J - J 4 -4 ij- 6
T o t a l a s p e r B a la n c e S h eet.
T A B L E
30,
A m o u n t O u ts t a n d in g .
In terest
iV m c ip a l
R a te
D ue. D ue.
P. 0.
G la s s e s o f B o n d s .
'*
DEBT
A.
B.
- S
- S
- S
- S
- S
m - h
M -N
P . Ot.
6
6
6
4
5
5
5
J - J
A m o u n t O u ts t a n d in g .
6
M
M
M
M
M
o*»
1 1
A t l a n t a & C h a r lo t t e A i r L R y .
1 s t M o r t g a g e P r e f . B o n d s .. 1 9 0 7 A - O
1 s t M o r t g a g e B o n d s ............... 1 9 0 7 .1 - .1
I n c o m e M o r t g a g e B o n d s ___ 1 9 0 0
ESTATES
J u n e 30,
1897.
J u n e 30,
1 «9 S .
|
$
6 0 0 ,0 0 0
1 , 9 0 0 .0 0 0
1 , 1 0 0 ,9 0 0
9 5 0 ,0 0 0
1 ,7 7 5 ,0 0 0
1 ,3 1 0 ,0 0 0
4 ,8 5 9 ,0 0 0
i.
T ra n sfe r r e d t o
Funded
D eht of
S o .R y C q
(s e e T a h ie 4 .)
3 6 7 ,0 0 0
f
|
|
|
{
1 2 ,8 6 1 .0 0 0
$
4
7
6
6
5 0 0 ,0 0 0
4 , ‘2 5 0 ,0 0 0
7 5 0 ,0 0 0
1 ,7 0 0 ,0 0 0
5 0 0 ,0 0 0
4 , 2 5 0 ,0 0 0
7 5 0 ,0 0 0
1 ,7 0 0 ,0 0 0
7 ,2 0 0 ,0 0 0
7 , 2 0 0 ,0 0 0
4 , 0 0 0 , '’0 0
4 ,0 : 0 ,0 0 0
1 ,6 5 0 0 0 0
1 ,6 5 0 ,0 0 0
N o r t h C a r o l i n a R R .:
J
G e o r g i a M id la n d R y .:
1 s t M o r t g a g e B o n d s ...............
-
J
1943 A - O
3
T o t a l , a s p e r B a l a n c e S h e e t. ........... . . . . . . — . . . 1 2 .8 5 0 ,0 0 0 2 5 ,7 1 1 ,0 0 0
T A B L E 6 .—S E C U R IT IE S O W N E D B Y S O U T H . R Y . A P L E D G E D
U N D E R IT S F IR S T CON. M T G E . D E E D , J U N E 3 0 , 1898.
N a m e o f Se c u r it y .
J u n e 30, 1898.
RAILROAD BONDS.
P a r v a lu e .
A l a b a m a C e n t r a l R R . O o ...........I n c o m e B o n d s a n d S o r ip $ 1 ,3 5 5 ,2 7 5 0 0
D a n v i l l e A W e s t e r n R y . O o .............................. 1 s t M t g e . 5 %
1 .0 5 1 .0 0 0 0 0
E l b e r t o u A i r L in e R R . C o .................................. 1 s t M t g e . 7 %
1 5 0 .0 0 0 0 0
H i g h P o i n t R . A . A S o . R R . C o ........................1 s t M t g e , 6 %
4 0 2 .0 0 0 0 0
N o . C a r o l i n a M id la n d R R C o . . ........... .............1 s t M t g e . 6 %
3 9 0 .0 0 0 0 0
P i e d m o n t R R . O o ...................................................... 1 s t M t g e . 6 %
5 0 0 .0 0 0 0 0
P i e d m o n t R R . C o ...................................................... 2 d M t g e . 6 %
5 0 0 .0 0 0 0 0
S o . R y , C o . in K e n t u c k y . ..................................... 1 s t M t g e . 5 %
3.0011.000 0 0
S o . R y . C o . in M is s is s ip p i ....................................1 s t M t g e . 5 %
2 0 0 .0 0 0 0 0
"W e s te r n N o r t h C a r o l i n a R R C o ..................... 1 s t M tg e . 0 %
1 .3 2 5 .0 0 0 0 0
W a s h i n g t o n O h io A W e s t e r n R R . C o ........... 1 s t M t g e . 4 %
221,000 00
Y a d k i n R R , C o ...........................................................1 s t M t g e . 0 %
6 1 5 ,0 0 0 0 0
T ota l bon d s
[Voiii LXVll.
C H R O N IC L E .
$ 9 ,7 0 9 , 2 7 5 0 0
Ju n e 30, 1899.
RjttLBOAD s t o c k s .
P a r V a lu e .
A l a b a m a G r e a t S o . R y . C o ., L i m i t e d ...................C la s s “ A ” $ 1 , 7 2 5 , 0 0 0 0 0
•
*
•
•
...................C la s s " B . '
4 ,5 4 0 ,0 5 0 0 0
K n o x v i l l e A O h io R R . C o ..................................................................
1 ,1 1 1 .3 0 0 0 0
M e m p h is A C h a r le s t o n R R . C o .................................. ...................
2 0 5 0 .5 2 5 0 0
S o u t h e r n R y . O o . in K e n t u c k y ........................................... ...........
9 9 8 ,2 0 0 0 0
T o t a l S t o c k s ...................................................................................... $ 1 1 ,0 3 1 ,0 7 5 0 0
OTHEtt SECURITIES.
B a lt . C ites. A R t e h . S t e a m b o a t C o ___ C e r t if. o f I n d e b t .
'*
“
“
“
*
•
••.......... C a p it a l S t o c k , . . .
$ 2 5 0 ,0 0 0 0 0
2 5 0 ,0 0 0 0 0
T o t a l o t h e r S e c u r i t i e s ........................... i ....................................
$ 5 0 0 ,0 0 0 0 0
T o t a l B o n d s , S t o c k s a n d o t h e r S e c u r i t i e s ................ . . . $ 2 1 , 2 4 0 , 3 5 0 0 0
B o o k V a lu a t i o n , a s p e r B a la n o e S h e e t .............................$ 1 3 ,1 2 4 ,5 0 4 8 2
TAB LE 7—STATEMENT OF . “ SECURITIES IN TREASURY
UNPLEDGED," HELD FOR CONTROL OR AS
MUNIMENTS OF TITLE, JUNE 30, 1898.
N a m e o f Se c u r i t y
June 30,1898.
r a il r o a d bo n d s.
Par value.
Franklin A Pittsylvania RR. Co. let Mtge. 6%..................
North Carolina Midland RR. Co. 1st Siege. 6%...................
Latvrenoeville Branch RR, Co. 1st Mtge, 7 % . .....................
$74,50000
255,00000
30,00000
$359,500 00
Total Bonds................
RAILRO AD STOCKS.
Asheville A Spartanburg RR. Co.........................................$1,047,98183
Danville A Western Ry. Co............................................
368,H O00
O
Elbertou Air Line Ry. Co....................................................
89.15000
Georgia Midland Ry. Co..................................................... 1,000,00000
Hartwell Ry. Co............... -.............................-........... .
20,000 00
High Point Randleman Asheboro A So. RR. Co.............. 212,500 00
Knoxville & Ohio RR, Co...............................................
6,000 00
North Carolina Midland RR. Co
.............................. 595,000 00
300,000 00
Riohmond A Meoklenburg RR. Co.......................... —
Southern Ry. Co. in Kentucky............................................
1.80000
State University RR. Co.................
16.800 00
Spartanburg Union A Columbia RR. Co............................ 1,000,00000
Yadkin RR Co..............................................................
161,750 00
Total Stooks...................................................
$5,120,581 83
OTHER SECURITIES.
R i c h m o n d A M e c k le n b u r g R R . C o . C e r t s , o f I n d e b t e d n 's s
S h e ffie ld M a c h i n e W o r k s 1 s t m t g e . 6 % B o n d s ........................
S h e ffie ld M a c h i n e W o r k s S t o c k ................................... ...................
$ 7 2 , 0 1S 3 7
1 0 0 ,0 0 0 0 0
2 5 , .i0 0 0 0
T o t t d o t h e r S e c u r i t i e s ....................................................................
$ 1 9 7 ,5 4 8 3 7
T o t a l B o n d s , S t o o k s a n d o t h e r S e c u r i t i e s ......................... $ 5 , 6 7 7 , 6 3 0 2 0
B o o k v a l u a t i o n , a s p e r B a l a n c e S h e e t . . . ...................................
ACCOUNTANTS’
$ 5 6 8 ,6 9 5 8 2
CERTIFICATE,
N ew Y o r k , A u g , 15,1898.
T o the B o n d h o ld e r s a n d S to c k h o ld e r s o f th e S o u t h e r n R a i l w a y
C om p a n y.
W e 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 fiscal year ended
June 30, 1898, published herewith, agree with the books, and
a n correct.
W e further certify that the condensed balance sheet, pub
lished herewith, correctly sets forth the financialcondition
of the Company as of the" date June 30, 1898.
In the course of our investigation we examined the records
o f the departments o f traffic receipts and disbursements to
prove the entries of revenue and expenses on the general
books, and verified the asset and liability balances by ex
amination 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 author
ized sources. All charges against plant, construction and
equipment accounts were especially and critically investi
gated and found to be correct.
Tiie cash balances were verified by comparison with the
pass-books, statements or receipts o f 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 treaury, or deposited in trust, were also lo
cated and verified.
Patterson & Corwin,
C ertified P u b lic A c c o u n t a n t s .
—W e are in receipt of the Western Union Telegraphic Code,
oo mpiled and published by the International Cable Directory
Co mpany, 30 Broad Street, Now York, The Code words were
taken from the official vocabulary, adopted *by the Interna
tional Bureau at Berne, Switzerland, in obedience to the
instructions of the International Telegraphic Convention,
and number nearly 150,000 carefully selected words by expert
telegraphers iu order to avoid errors in the transmission of
messages. The volume also contains a Directory giving the
names, street address, line of business and cable addresses of
prominent firms and individuals throughout the United
States and Canada. Heretofore Codes have commanded very
high prices, but the new Western Union Telegraphic Code is
offered for $5 per copy.
—The card of Andrew McKinney & Co., members of the
New York Stock Exchange, will be found on our first page.
A general Stock Exchange business is transacted. A special
list of investment securities will be mailed on request.
—The annual meeting of the stockholders of the Minneapolis
& St.L. RR. Co. will he held in the city of Minneapolis on Tues
day, Oct. 4. The books will be closed from Sept. 3 to Oct. 5.
THE
A ugust 20, 1898. |
(ftcrnimercM $imes.
C O M M ER C IAL
C H R O N IC L E .
379
C
T he M ovem ent
EPITO M E.
O
of th e
T
T
O
N
.
Fr id a y N ig h t , August 19, 1898.
Cro p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 8,872 bales)
F r id a y N ig h t , Aug. 19, 1898.
Now that hostilities have ceased and continued peace is against 3,867 bales last week and 10,534 bales the previous
week, making the total receipts since the 1st of Sept., 1897,
reasonably assured, the general feeling of confidence over the 3,328,198 bales, against 6,712,960 bales for the same period of
favorable prospects for business activity which has been 1896-7, showing an increase since Sep.1,1897, of 1,915,238 bales.
prevalent for some time past is becoming more pronounced,
R ec e ip ts a t—
S a t.
M on.
T u es.
W ed . T h u r s .
F r i.
lo ta l.
and has been reflected the present week in the activity and
G a lv e s t o n ..........
24
121
656
393
867
897
2 ,9 5 8
buoyancy shown by the financial markets. W ith the opening
T e x . C it y , A c .
of .Cuban ports, the buying of breadstuffs in the local market N e w O r l e a n s .. .
344
404
2 ,1 8 6
289
87
132
3 ,4 4 2
fo r shipment to Cuba has been a feature of the week’s busi M o b i l e .................
3
84
29
7
3
11
137
ness. A t the close, however, a report that maximum im
9
226
54
77
12
12
390
ports duties were to be enforced had a tendency to hold S a v a n n a h ...........
B r u n s w ’k .A c .
...... ...... ...... ... ...... ......
buyers in check. Crop accounts have continued of a gener
3
6
4
330
352
ally favorable nature and values for cotton have declined
..
P t . R o y a l,& o .
......
1
1
sharply in anticipation of another large yield.
8
10
.
.
W a a h ’ t o n , & c.
...... . . . . . .
Lard on the spot has been in moderate demand for export
154
77
203
81
276
41
832
to Cuba, but from other sources there has been only a small N o r f o l k ...............
......
IT p ’t N e w s , & c.
......
......
......
......
......
call for supplies, and prices have declined under fairly free N e w Y o r k ......... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
offerings, closing at 5'55c. for prime Western and 5c. for
146
164
8
470
65
87
15
15
prime City. Refined lard has been in slow demand and
56
35
100
7
266
68
easier, closing at 5-80c. for refined for the Continent. Specu P h ila d e l’ a , & o..
933
lation in the market for contracts has been moderately ac T o t . t h i s w e e k 1 ,2 9 4 !
2 ,8 8 8
837
1 .3 3 9
8 ,8 7 2
1 ,5 8 1
tive but at lower prices under increased pressure to sell,
The following shows the week’s total receipts,the total since
prompted by full receipts of hogs and in sympathy with a Sept. 1,1897, and the stock to-night, compared with last year.
decline in com .
1 89 7 -9 8.
S tock.
1 89 6 -9 7.
D A I L Y CLO SIN G P R IC E S O F L A R D F U T U R E S .
S e p te m b e r d ell v e r y . . . . e.
Sat.
5*62
M on.
5*57
Tues.
5*55
Wed.
5*47
T hum .
5*40
Fri
5*52
R eceipts to
A n g . 19.
T his
w eek.
S in ce Sep.
1 ,1 8 9 7 .
This
w eek.
S in ce Sep.
1 ,1 8 9 6 .
1898.
1897.
5 ,8 4 9 1 ,3 5 0 ,7 1 4
2 ,9 5 8 1 ,914,801
16,336
6 ,5 5 5
Pork has had a fair sale, Cuban shippers being the princi H a lv e sto n ...
99,0 68
112 ,75 1
pal buyers ; prices have held steady at $9 50@10 for mess,
3 ,4 4 2 2 ,6 8 4 ,0 5 1 1 1 ,4 6 3 2 ,0 9 1 ,6 5 5
N ew O rleans
6 9 ,2 2 2
1 1,4 05
$11 50@12 25 for family and $11 50@13 00 fo r short clear! M o b ile .........
3 6 3 ,0 6 1
137
2 9 1 ,4 7 2
2 ,8 8 2
37
1 ,3 5 3
Cut meats have been in fair demand for shipment to Cuba
1 18 ,43 3
8 8 ,5 2 5
390 1 ,1 8 8 ,4 7 0
340
8 4 2 ,4 5 3
8 ,2 4 4
8 ,2 4 B
and at steady values, closing at 6}^@ 6%c. for pickled bellies, S a v a n n a h ...
2 6 9 ,7 2 0
1 7 7 ,2 6 6
817
12@10 lbs. average,
for pickled hams and I@4J£c,
4 7 1 ,44 1
Charles t o n ..
352
398)541
3 ,7 2 9
81
1 ,1 1 9
for pickled shoulders. Beef has had only a limited sale, clos
75,8 77
7 3 ,5 9 5
ing at $9r®10 for packet, $10@11 for family and $14@15 for
2 3 4 ,6 4 2
10 3 2 3 ,7 1 3
17
5 ,9 4 7
336
extra India mess. Beef hams have been steady at $22. W ilm ington .
1 ,2 8 0
857
Tallow has advanced slightly, closing steady at % % c. Oleo832
7 0 4 ,6 0 1
5 8 8 ,9 1 8
271
6 ,523
530
stearine has been quiet at 4Jg@5c. Lard stearine has N o r fo lk ........
2 5 ,6 0 2
37
1 9 ,1 5 8
been steady at 61^@6}^c. Cotton seed oil has been dull at
121,201
4 8 ,6 9 5
6 6 ,8 8 0
4 3 ,9 6 9
23J£@24c. for prime yellow. Butter has been quiet but
5 ,0 0 0
470
2 2 1 ,5 7 3
423
2 ,5 0 0
1 6 2 ,1 5 7
steady at 14J£@19c. for creamery. Cheese has been in mod B o s t o n .........
6 ,2 4 4
30
6 3 ,4 0 8
15
7 6 ,4 7 8
829
erate demand and steady at 6*^@8c. for State factory, full B a ltim o r e . .
512
5 2 ,4 7 2
1 1 ,3 7 9
266
8 4 ,4 7 8
1 ,9 8 3
cream. Fresh eggs have been steady at 14J^c. for choice Ptiiladel. A c.
Western.
8 ,8 7 2 8 ,6 2 8 ,1 9 8 1 9 ,0 6 0 6 ,7 1 2 ,9 6 0
2 0 2 ,3 8 6
T o t a ls ........
7 9 ,6 4 0
Brazil grades of coffee have had only a moderate distribut
In order that comparison may be made with other years,
ing sale, but values have been well maintained. The market
for invoices has been quiet but steady, with No. 7 on the we give below the totals at leading ports for six seasons.
spot quoted unchanged at 6h£c. Mild grades have been in R eceipts a t— 1 898.
1 89 4 .
1 89 5 .
1897.
1 89 6 .
1893.
fair demand and firm for desirable grades, closing at 9'd@
6 ,4 8 4
2 ,9 5 8
5,349
15,087
7 16
2 ,6 1 5
9J^c. for good Cucuta. East India growths have been quiet Q a lves’ n .A o .
3 ,4 4 2
10,6 75
665
but steady at 24%@25c. for standard Java. Speculation in N ew O rlea n s
11,463
5 ,4 7 3
3 ,6 0 5
the market for contracts has been quiet, but owing to the M o b ile ..........
30
162
137
518
93
37
moderate movement of the crop values have held to a fairly S a v a n n a h .. .
637
2 ,4 4 4
3 90
310
7,031
579
steady basis. Following are final asking prices :
40
352
41
Ohas’to n , Ao.
81
2 ,3 0 0
243
A u g .......................... 5 ‘5 0o. |N o v ........ ..
5 '6 0 o . I M a r..................... 6 '0 5 o
S e p t_. . . . . . . . . 5 ’55o.
I D e o ------ -. . . . . . 5*75o. I A p r i l . ._________ 6 ‘ 10e
Oct.................. 5 ’55o. I J a n ....... 5'85c.
I M a y .................... 6 1 5 o
W ilm ’ to n , A c
N o r fo lk ........
10
832
17
271
37
965
181
701
127
341
15
100
14
801
26
554
26
1 ,8 0 2
50S
1 ,0 3 2
Raw sugars have had a moderate sale at firm prices, clo« A ll o t h e r s ...
5 69
751
ing at 4J 'c. bid for centrifugal, 96-deg. test, and 3-4c. bid
/4
1 4 ,1 2 2
1 2 ,4 3 4
1 9 ,0 3 0
36,9 61
2 ,7 1 5
8,872
for muscovado, 89-deg. test. Refined sugar has been in mod T ot. th is w k .
erate demand and firm, closing at 5 % c . for granulated. Teas S in ce S ept. 1 8 6 2 8 .1 9 8 6 7 1 2 .9 6 0 5 26 9 ,1 9 9 7 8 7 <,291 5 9 4 5 .9 1 0 l5 0 9 5 .3 9 2
have been dull. Other groceries have been firm.
The exports for the week ending this evening reach a total
Kentucky tobacco has been in small supply and firmly
held. Seed leaf tobacco has been quiet but steady. Sales for of 24,688 bales, of which 9,327 were to Great Britain, 384
the week were 1,350 cases, as follow s: 300 cases 1897 crop to France and 14,977 to the rest of the Continent. Below
New England Havana, 7J^@9c.: 200 cases 1895 crop Pennsyl are the exports for the week and since Sept. 1, 1897.
vania seed, 13%c.; 250 cases 1896 crop New England Havana,
Week Ending Aug. 19, 1898. From Sept. 1,1897, t o A u g. 19,1898.
27@30c.: 100 cases 1896 crop New England seed, 28®37c.; 50
_______ E xp orted to—________ __________ E x p o rted to—
cases 1895 crop Dutch, p. t .; 200 cases 1898 crop Wisconsin
from —
Conti lo ta l
Great
C on ti
Great
France
lo ta l.
France
Havana, ll>£@12J£c.: 100 cases 1897 crop Wisconsin Havana,
nen t.
B rit'n.
nen t. Week. B rita in .
5@8c.; and 150 cases 1895 crop Zimmers, 18@20c.: also 250 bales
150
160 707,900 299,382 439,527 1,508,789
O a lve sto n
Havana, at 80c.@$l 05 in bond, and 100 bales Sumatra, at T e x . City, .......
21,895
31,753
0,858
A c..
85c.@$l 75 in bond.
7,688 1,127,321 422,751 810,011 2,306,089
2,523
5,105
New O rle a n s ..
Straits tin has had a fair sale and for the week prices show
73,574 227,975
little change, closing steady at 16-35@16-45c. Ingot copper P e n sa co la .......
89,535 113,423
73,888
has been in fair demand and prices have advanced, closing Savannah........
73,740 32,517 027,721 734,008
89,758 247,027
firm at ll>g(312c. for Lake. Lead has been in demand and Brunswick —
157,269
230,013 320,730
84,123
higher, closing firm at 4-10c. for domestic. Spelter has been C h arleston___
8,000
05,834
57,831
firmer but quiet at 4’50(34-55c. for domestic. Pig iron has Port R oy al —
180,307 208,058
117,689
had a fairly large sale at full values, closing at $9 75@$11 for W ilm in g to n ...
110,825
41,774
89,051
6.500
6,500
N orfolk ............
domestic.
20.080
8,176
200
13,705
Refined petroleum has been advanced, closing at 6'50c. in N 'p o rt N „ Ac..
9,641 389,093 53.061 319,700 742.459
3,082
New Y o r k .......
384
bbs., 4c. in bulk and 7-15c. in cases; naphtha unchanged B o s t o n ............ 6,108
5,084 310,519
127 304,835
127
at 6c. Crude certificates have been firmer, olosiDg at 9 7 ^ c.; B a ltim ore.......
6,020 121,081 224.089
94,058
1,579
1,100
470
18,354
1,050
credit balances have advanced to 98c. Spirits turpentine has P h ila d elp h ia ..
16,701
188,253 147,787
been easier, but the close was firm at 28V£@29c. Rosins have Ban Fran., Ao. ......
9,531
been dull at $1 30@$1 35 for common and good strained. Wool
384 14,977 24,083 3,501,041 813,614 3,174,218 7,188,803
T o t a l ............
9,327
has been unchanged and steady. Hops have been in moderate
9.2?4 3.015.003 090 981 2.230.870 6.942.014
Total, m o e .07.
5.346
2.692
1.216
demand and steady.
THE
la addition to above exports, our telegrams to-night also
give us the follow ing amounts o f ootton ou shipboard, not
cleared, at the parts named. W a add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert X Btrrows. Projuae Exohange Building.
4,901
3,600
None.
500
None.
None.
500
500 (
None.
2,209 1
None.
100
None. i None.
None.
100
None.
None.
None.
500
None.
2,300
None,
600
7,110
3,700
None.
700
None.
3,000
2,800
1,100
62,112
12,636
8.241
3,029
2,832
3.523
61,080
27,470
Total 1 8 9 3 ,.,
10,001
None.
5,803 I 2.600
IS ,410
183.976
Total 1 8 9 7 ...
Total 1 8 9 6 ...
1.822
23,951
501
1.364
436
1,702
4,507 , 1.S27
4,011
31,6 l9
75,629
123,326
None,
None.
None.
100
None.
2.500
None.
None.
Speculation in cotton for future delivery has been moder
ately active, but it has been at decidedly lower prices, due
to free selling by tired longs to liquidate their accounts,
prompted by the improved weather conditions at the South
tor the growing crop, weak and lower foreign markets, the
result o f large estimates for the coming crop, and the fact
that there has been an absence of force to the buying power,
the demand coming almost exclusively from shorts to cover
contraots and from exporters who bought against sales,
principally to the Continent.
Saturday prices declined
5 to 7 points in response to weaker foreign advices and
under longs selling.
Monday
there was a weak
and lower market, prices declining 9 to 11 points onder con
tinued pressure to sell by tired longs induced by the im
proved weather conditions at the South for the growing crop.
Tuesday prices weakened slightly during early 'Change in
response to easier foreign advices and the more favorable
weather. Subsequently, however, the receipt of the weekly
Government report, which stated; that the crop had suffered
injury from the recent excessive rainfall, stimulated some
buying, and prices advanced, closing 2 to 3 points higher
for the day. Wednesday the market was again lower,
prices declining 10@11 points under selling for both
local and foreign account, prompted by large crop estimates
and the absence of force to the buying power despite the
fact that prices ruling were close to the low record of values
made for the crop of 1897-98. Thursday there was a steadier
market a3 the pressure to sell from tired holders appeared to
be over, and there was some buying by shorts to cover con
tracts, closing with prices 1 to 8 points higher for the day.
To-day the market was unsettled. At the opening prices
showed an advance on a demand from shorts to cover
contracts, and in response to steadier foreign advices;
then came a reaction under increased pressure to sell,
bnt toward the close the market again turned firmer on
renewed buying by shorts to cover contracts over the holi
day, the Exchange having decided to adjourn business from
Friday night until Monday morning. The close showed
prices 1 to 2 points higher for the day. The spot market was
moderately active ; prices declined % o . on Wednesday, clos
ing steady at 5%c. for middling uplands.
On the basis of the rates on and oil middling as established
by the Revision Committee, the prices for a few of the
grades would be as follows:
U PLAN DS.
S a t.
Good Ordinary...........................
How Middling..............................
Middling....... ................. ............
Good Middling............................
Middling Fair..............................
M on T ae* W ed
T il.
F r l.
4%
5«l9
8
6-4
4^8
57,fl
O7
8
6-e
69,4
45g
57,s
57
S
6-8
69,8
Th.
F r l.
4%
5»ts
6
6-4
6U ,s
Sat.
GULF.
Good Ordinary...........................
Low Middling..............................
5flddllng......................................
Good Middling............................
Middling Fair........ .................
is i
5hs
6
6%
6U,a
M on Tae* W ed
4=8
57,6
57
a
6^
69,«
Low Middling..............................
Middling.......................................
Strict Middling...........................
G ood M iddling T in g ed ..............
616,„
5
4%
47s
513,6 5 1 1 „ 5 U „
6-s
6-1
618
e^2
8%
0-S
6%
616, a 615,. «13|« 613,6
6-s
6%
613,8
Sat.
STAIN ED.
5
5
5 1!ie 5l3U
6-4
6*4
M on T ae* W ed
Th.
F r l,
4%
5*,e
438
5 0,,
5 -5.,;
6
4-4
57,n
•Was
57s
4 -4
6
4-8
59,»
4-4
57,6
52:*..
57e
535 32
6
47
8
5 1 1 ,6
57j,
5'U-i,
57
S
The quotations for middling upland at New York on
Aug. 19 for each of the past 32 years have been as follows.
189 8 ....0 .
1 8 9 7 ..........
1 8 9 6 ..........
1 8 9 5 ..........
1 8 9 4 ...........
1 8 0 3 ..........
1 8 9 2 ...........
1 8 9 1 ..........
5 7e
8
8 5 ,6
7*h
7
7 5 ,8
7 3 ,8
7 -5 ,8
1 8 9 0 . . . .0 .1 U S ,*
1 8 8 9 ...........U 7 tfl
1 8 8 8 ...........1 1 -4
1 8 8 7 ........... 911 ,6
1 8 8 6 ........... 9 5 ,4
1 8 8 5 ...........1 0 %
1 8 8 1 .......... 1 0 7s
1 8 8 3 ...........1 0 3 , ,
1 8 8 2 ....e .1 3 1 , t
1 8 8 1 .......... 1 2 1 4
1 8 8 0 .......... l U i i e
1 8 7 9 .........11-%
1 8 7 8 .......... 12
1 8 7 7 .......... 1 1 %
1 8 7 6 .......... 12-%
1 8 7 5 .......... 1 4 %
1 8 7 4 ___ 0 . 1 6 7e
1 8 7 3 .......... 1 9 7s
1 8 7 2 ..........2 1 1 ,
1 8 7 1 .......... 183*
1 8 7 0 .......... 19 %
1 8 6 9 .......... 3 4 %
1 3 6 8 .......... 3 0
1 8 6 7 .......... 2 8
M A R K E T AND SA LE S.
S ales
op
Sp o
S pot M a r k e t
C losed .
S a tu rd a y ..
M onday,.
T u esd a y . . .
W ednesday
T hursday..
F r id a y . . . . .
fu tu res
Quiet at I ,, d ec.
E asy....................
8 t o a d y ...............
Easy at % d e c ..
E a s y ...................
E a sy ...................
Q u ie t ...........
Easy..............
S te a d y .........
S te a d y .........
S te a d y . . . . . .
Steady .........
1,287
1,130
......................
5,G57l 1,981
T o ta l....... .......................
M AHKET
C
lo sed
,
Ex
po ft.
700
870
074
990
t
Oonsump.
Ml
114.
301
301
372
142
s>
►
C
« § q w £
© s 5 s > •© £ 5
<
|
a f i T g l ' 5*8 1 i
c
n
«*
q
C N
----------------------------------------------------------------- L ranin.
Groat
J Other 1 Coast- \
itock
Total.
B ritain. Franc*. Foreign wise.
New O rlean s...
G alveston.........
S avan nah.........
C harleston. . . . .
M o b ile ....,,,.,
N orfolk*...........
New Y ork ....... .
Othar porta___
LXVIL,
F utures . —The highest, lowest and closing prices
Futures at New York are shown ill the follow ing table.
O S S a i r B 0 4 .R O , S O T C L E A R E D P O R —
A ug. 10 at
VOL,
C H R O N IC L E .
II
11
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1 «
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T h e V i s i b l e S u p p l y o p Cor ton to-night, as made up by
;able and telegraph is as follows. Continental stocks, as well
as those for Great Britain and the afloat are this week's re
turns and consequently all European figures are brought down
to Thursday evening. Bat to make the total the complete
figures for to-night (Aug. 19), we add the item of exports from
the United. States including in it the exports of Friday only,
1 «?
, w
1-1
I?
a
1©
1O
1C
<
1
1895.
1896
1807
1898.
5 4 9 .0 0 0 1 , 2 7 6 , 0 0 0
3 o e k a t L i v e r p o o l . . . . .b a le s .
8 4 3 ,0 0 0
5 7 2 ,0 0 0
1 0 ,0 0 0
1 0 ,0 0 0
8 #nok a t L o n d o n . . . . . . ...............
5 ,0 0 0
5 ,0 0 0
.
5 5 9 ,0 0 0 1 , 2 8 6 ,0 0 0
T o ta l G r e a t B r ita in s to o k .
8 1 8 ,0 0 0
5 7 7 ,0 0 0
3 3 ,0 0 0
3 1 .0 0 0
t o o k a t H a m b u r g .......................
2 0 ,0 0 0
2 4 ,0 0 0
2 1 2 ,0 0 0
9 1 ,0 0 0
1 0 4 ,0 0 0
t o o k a t B r e m e n ...........................
1 7 7 ,0 0 0
1 4 ,0 0 0
7 ,0 0 0
1 ,0 0 0
1 ,0 0 0
■.took a t A m s t e r d a m ..................
200
300
200
3*ook afc R o t t e r d a m .............
200
1 8 ,0 0 0
■Stook a t A n t w e r p ________ _____
7 ,0 0 0
6 .0 0 0
3 ,0 0 0
3 6 0 ,0 0 0
1 0 3 ,0 0 0
1 6 0 ,0 0 0
5 t o o k a t H a v r e ........................... ..
1 5 8 ,0 0 0
4 ,0 0 0
6 ,0 0 0
4 .0 0 0
5 ,0 0 0
S to o k a t M a r s e i l l e s ......................
6 1 ,0 0 0
8 1 ,0 0 0
5 7 ,0 0 0
6 0 ,0 0 0
S t o o k a t B a r c e l o n a ......................
4 0 ,0 0 0
3 9 ,0 0 0
3 5 .0 0 0
S t o c k a t G e n o a ...............................
2 8 ,0 0 0
3 8 ,0 0 0
3 8 ,0 0 0
1 7 ,0 0 0
1 9 ,0 0 0
S to o k a t T r i e s t e ....... .....................
4 5 3 ,2 0 0
7 3 0 ,2 0 0
T o t a l C o n t i n e n t a l s t o c k s . . 4 7 0 ,3 0 0
3 3 9 ,2 0 0
T o t a l E u r o p e a n s t o c k s ___ 1 ,3 L8,3 0 0
9 1 6 ,2 0 0 :L,0 1 2 ,2 0 0 :2 ,0 6 6 ,2 0 0
5 0 ,0 0 0
4 1 ,0 0 0
2 3 ,0 0 0
2 9 ,0 0 0
I n d ia o o t t o n a f lo a t f o r E u r o p e
4 9 ,0 0 0
2 5 ,0 0 0
A .m e r .o o tto n a l lo a t f o r E u r o p e
6 7 ,0 0 0
1 7 ,0 0 0
1 7 ,0 0 0
E g y p t , B r a z i l .& o .,a l lt .fo r E 'p e
2 2 ,0 0 0
6 ,0 0 0
1 8 ,0 0 0
2 9 8 ,6 2 1
7 9 ,6 4 0
1 5 4 ,9 7 5
2 0 2 .3 8 8
S to o k In U n it e d S t a t e s p o r t s .
8 9 ,7 9 3
3 5 ,1 5 7
3 6 ,2 8 4
S to o k In U . 8 . i n t e r i o r t o w n s . .
1 0 8 ,8 5 3
30 1
172
2 ,1 4 0
866
d s ite d S ta te s e x p o r t s to -d a y .
T o t a l v i s i b l e s n n p U ............ 1 ,7 5 7 ,6 8 4 1 , 0 9 4 , 2 9 6 1.,3 1 1 ,8 3 4 21 ,4 9 2 ,2 7 9
O f th e a b o v e , to t a ls o l A m e r lo a n a n d o t h e r d e s c r ip tio n s a r e a s f o llo w s :
American—
L iv e r p o o l s t o c k ................ b a l e s .
7 3 1 ,0 0 0
4 5 8 ,0 0 0
4 1 9 ,0 0 0 1 ,1 4 1 ,0 0 0
D o n tln e n ta l s t o o k s .......................
4 0 3 ,0 0 0
2 0 0 ,0 0 0
3 3 5 ,0 0 0 6 8 3 , 0 0 0
A m e r ic a n a f lo a t f o r E u r o p e . .
6 7 .0 0 0
1 7 ,0 0 0
4 9 ,0 0 0
2 5 ,0 0 o
l a lt e d S t a t e s B t o o k .....................
2 0 2 ,3 8 6
7 9 ,6 1 0
1 5 4 ,9 75 2 9 3 , 6 2 p
Tinted S t a t e s I n t e r io r s t o o k s .
1 0 3 ,8 5 3
3 6 ,2 8 4
8 9 ,7 9 3
3 5 ,1 5 7
T ilt e d S t a t e s e x p o r t s t o - d a y . ___2 , 1 4 0 _______ 1 7 2 ________ 9 8 6 _______ 3 0 i
Total A m erican ....... .
1,550,334
851,096 1,018,634 2,183,079
B a it I n d i a n . B r a z i l , dto.—
ivarpool stook ................. . . .
82,000 114,000 130,000 135,000
ondon stock ....................
5,000
5,000
10,000
10,000
ontinental stock s____ ____
61,300
79.200
113,200
97,200
I adla afloat for E urop e..........
41,000
23,000
21,000
50,000
•Igypt, Brazil, A o „ afloat.......
18,000
'22,000
6,000
17,000
Total East India, & o......... 207,300 243,200 293,200 309,200
851,096 1,043,634 2
Total A m erloan ................. 1,550,384 ______________________ 1 3 3 ,0 7 9
Total visible s u p p ly ......... 1,757,684 1,094,296 1,341,834 2, -492,279
4 L fid .
3%d
43fj$d.
44%2-L
Middling Upland, L iv erp ool,.
& C o n t r a c t . Middling Upland, New Y ork.
77
g0.
7410,
5 7go
8*80.
4%.l.
5 i«d.
6">ied.
'.SgyptGoOdBrewn, L iverpool
e -a d .
Con
6%a.
67
sd.
6L»<1.
5»t«d.
Pernv.BongU G ood, L iverpool
tract. Total.
41-iP
id,
3%4.
4 'W ,.
Elroaoli Pine, L iverp ool..........
4*6(1,
3*i*d.
4V8gad
S ta ted .
puinevelly G ood, L iv e rp o o l..
1.888:
r y The imports into Continental ports the past week have
100 1,3 SO
f>00 1,581 been 37,000 bales.
1,200 2,461
The above figures indioate an in c r e a s e in the cotton in sight
. . . . 1,046 to-night of 018,388 bales as compared with the same date
1,132
1,800
9.418
of 1897, a gain of -115,830 bales over the corrrvmonding date
if 1806 and a decrease of 734,593 bales from 1895,
A u g u st
20, 1898.J
THE
C H R O N IC L E ,
381
A T t h e I n t e r i o r T o w n s tne movement—that is the receipts
QUOTATIONS FOB MIDDLING COTTON AT OTHER MARKETS.—
for the week and since September i, the shipments for the Below are closing quotations o f middling cotton at Southern
week and the stocks to-night, and the same items for the an i other principal cotton markets for eaoh day of the week
corresponding period of 1896-97—is set out in detail below,
CLOSING! QUOTATIONS FOB MIDDLING COTTON ON—
'
W eek e n d i n g
A u g. 19.
l ' * f -s h i t s s p s t l f l p r -§ l U
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ay? ? - O*
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Galveston. .
New Orleans
Mobile........
Savannah..
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* hast year’s figures are tor Columbia, 8. C.
The above totals show that the interior stocks have
to-night 72,574
The receipts a t
than the same
week last year, and since Sept. 1 they are 1,590,691 bales m o r e
than for the same time in 1896-97.
d ecrea sed during the week 6,683 bales, and are
bales m o r e than at the same period last year.
all the towns bave been 20,123 bales less
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S in c e S e p t . 1.—
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. 19 and since Sept. 1 in the last two years are as follows.
1897-98.
A u gu st
19.
W ttk .
S in ce
S e p t . 1.
1896-97.
W eek .
S in ce
S e p t . 1.
S h ip p e d —
Via St. Louis.................................
2,474
1,729
614
761
726
Total gross overland...............
D ed u ct s h ip m e n t!—
Overland to N. Y ., boston, <ko..
872,079
396.205
32,681
46,941
133,425
155,542
199,284
6,301 1,836,157
*25
269
267
15
238
28
561,190
273,948
23,504
13,951
137,025
151,338
106,193
1,342 1,267,149
965
326,730
5,138
74,016
751
406
745
506,730
40,791
57,433
1,902
604,954
2,683
405,884
Leavtngtotal netoverland*..
4,402 1,231,203
* Including movement by rail to Canada.
4 Deductions greater than overland.
fl,341
861,265
1,718
The foregoing shows that the week’s net overland movement
this year has been 4,402 bales, against ----- bales for the
week in 1897, and that for the season to date the aggregate net
overland exhibits an excess over a year ago of 369,938 bales.
I n S ig h t a n d S p in n e r s '
T a k in g s .
1897-98.
W eek .
S in ce
S e p t . 1.
1896-97.
W eek .
S in c e
S e p t . 1.
8,872 8,628,198
Beoelpts at ports to A u k . 19.........
4,402 1,231,203
■ et overland to Aue. 19...............
Southern consumption to Aug. 19 21,000 1,098,000
19,060 6,712,960
{1,341 861,265
12,000 936,000
34,274 10957401
63,782
*6,683
29,719 8,510,225
t84,310
5,220
27,591
34,939
Total marketed.........................
Interior stocks lnexeess...............
Came Into sight durln g week.
Total In sight Aug. 19..............
11021183
North’nspinners tak’gsto Aug.19 13,293 2,197,649
* Deerease during week.
t Leas thau Seut. 1.
2 { Deductions greater than overland.
8,425,915
13,090 1,765,784
M on.
T u es .
W ed n es.
T h u r t.
F r i.
51116
5=8
55g
538
SUi6
53s
5=8
53s
5=8
59ie
53s
5=8
59I6
5*3
59,8
5^
5*3
5®18
5*3
5 3*
5%
5*3
512
57
s
Ohs
63e
6q
61is
5=8
5 1 ; 16
5 H1 S
6
6
5 13
5 13
57s
6
63s
6q
6
55s
5 ii16
51*16
6
6
533
59,s
5*3
5%
6
6q
6^
6
59la
5918
5=8
6
6
5 7s
6
6^4
6*4
6
5*8
5=8
5=8
6
6
5*3
5%
57
8
6*4
61q
6
59,8
5 13
5%
57
s
6*4
6%
6
5*3
591&
5*3
6
5 7s
5*3
6
57
s
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
|Columbus, Miss 5
Athens.............. 6
I Nashville. . . . .
5%
A t l a n t a .............
|E u la u la ........
|Natohez. . . . . .
5%
Charlotte___ _
I Little Rook___
|Raleigh_____
5 14
Ooiumbus. Ga. 5>s 1Montgomery... 538-7,8 1Shreveport....
R e c e ip t s f r o m t h e P l a n t a t i o n s .— The follow ing
table
Indicates the actual movement each week from the plantations.
The figures do not include overland receipts nor Southern
consumption; they are simply a statement o f the weekly
movement from the plantations o f that part of the crop which
Qfially reaches the market through the outports.
W eek
Ending—
8 -,
;
S £
;
: mwm
to !
• tO© C>
5
■
co
w co
d
m
toM
m
»&o»c*© to© M O totou<«»® © #*o»co© ©©if*.® w©co®<y»©tOM
*
tOM ©M © © -3 C to® M f* M if* G G W- - C G M © to ® © © ® 9
O
OO
* *
't o b V o V ^ V f f l V « V a V H o b V f * V t : b V t O H a t t a ’* i w b b
©CO©©X®|f*COif*-3®©©if*Cn®-3<l©tO©M-3COtOU<if*.if*‘ ©-3CO
#-©©-3©MtO©M|f*.CO©<jMW©M©«OW —©lf*-®I^C*©'—©CH®
Wilmington.
Morfolh.......
Boston........
Baltimore...
Philadelphia
Augusta.......
Memphis___
St. Louis___
Houston___
Cincinnati..
Louisville...
S a tu r .
July
“
M
A u g.
“
“
15.......
22.......
29.......
S.......
12.......
19
R eceipts a t th e P o r ts . St'k a t I n te r io r Tow ns. R ec'pts fr o m P la n t'n s
1898.
1897.
9.424
7,862
9,728
10,534
3.867
8 872
3,896 146,766
4,415
2,447
6,808 132,384
5,539 121,674
3,207
4,052
4,930 119,857
7,396 16.370 115,541
19.060 36,561 108,859
1896.
1898.
1897.
1896.
84,037 87,926
31,769 82,980
28,743 73,164
28,640 76,890
31,064 70,547
36.284 89,793
1898.
4,795
1897.
1890.
__
1,863
181
723
8,717
3,949
3,056
9.820 16,027
2,189 24,280 50,301
The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1, 1897, are 8,691,980 bales; in
1896-97 were 3,628,659 bales; in 1895-96 were 5,326,292 bales.
2. —That although the receipts at the outports the past week
were 8,872 bales, the actual movement from plantations was
2,189 bales, the balance being taken from stocks at interior
towns. Last year receipts from the plantations for the week
were 24,280 bales and for 1896 they were 50,207 bales.
W eather R eports b y T elegraph .— Our telegraphic ad
vices from the South this evening denote that while there has
been little or no rain in the Southwest the past week that in
some sections along the Atlantic the precipitation has been
heavy and there are complaints of too much rain. Along the
Gulf the weather has been more favorable than last week.
Reports from Texas indicate that boll worms, weevil and
other insects have done damage in a few districts, but that the
present outlook is for a large crop. Picking is general in
South Texas.
G a lv esto n , T e x a s . —Early predictions that the cotton crop
would be a late one are being verified. The June and July
rain caused too rapid growth of plant at the expense of fruit,
and while the plant is vigorous the bolls are not well devel
oped. There continues to be reports from many sections of
damage by boll worms, weevil and other insects. Picking is
general over the southern part of the State. In spite of
drawbacks a large yield is looked for unless some accident
happens. There have been showers on three days of the
week, the rainfall reaching ten hundredths of an inch. Rain
is needed. Average thermometer 84, highest 90, lowest 78.
C o lu m b ia , T e x a s .—- W e have had rain on one day during
the week, the precipitation reaching twenty-one hundredths
of an inch. The thermometer has averaged 81, tha highest
being 90 and the lowest 71.
H u n ts v ille , T e x a s . —There has been no rain all the week.
The thermometer has averaged 83, ranging from 71 to 95.
D a lla s, T e x a s . —Dry all the week. Rain is badly needed in
this vicinity. The thermometer has ranged from 61 to 98,
averaging 80.
S a n A n t o n i o , T e x a s . —W e have had rain on one day during
the week, the precipitation being four hundredths of an inch.
More rain is needed. Minimum temperature 70.
D u lin y , T e x a s . —W e have had rain on one day of the week,
the rainfall being two hundredths of an inch. Rain is badly
nyeded. The thermometer has averaged 83, the highest being
98 and the lowest 67.
C o r p u s C h r is ti, T e x a s . —The weather has been dry all the
week. The thermometer has averaged 80, ranging from 72
to 88.
C u er o , T e x a s . —W e have had rain on three days during the
week, to the extent of five hundredths of an inch. The ther
mometer has ranged from 71 to 96, averaging 84.
B r e n h a m , T e x a s . —There has been no rain the past week.
Average thermometer 83, highest 94, lowest 71.
P a les tin e , T e x a s . —There has been no rain during the
week. The thermometer has averaged 83, the highest being
96 and the lowest 70.
.
W e a th e r fo r d , T e x a s . —The weather has been dry all the
past we6k. The thermometer has ranged from 64 to 98,
averaging 81.
.
N e w O rlea n s, L o u is ia n a . —We have had no ram during the
week. Average thermometer 82.
......
3 62
THE
C H R O N IC L E .
C o lu m b u s , M is s i s s i p p i . —The
week.
to 98.
weather has been dry all the
The thermometer has averaged 83, ranging from 70
A u g . 1 3 , ’ 9 8 . u « g . 1 9 , '9 7
F e e t.
5 '9
16 3
12 6
6 -5
2 0 -3
H e w O r l e a n s .........
M e m p h i s .................
S a a h v t U e .................
S h r e v e p o r t ........... .. ...........A b o v e z e r o o f g a u g e .
V l o k s b n r g ...............
F ret.
50
8 -7
31
0*9
13 0
I n d ia C otton Movement from alt. P orts .— The receipts
of cotton at Bombay and the shipments from all India ports
for the week endingAug. 18, and for the season from Sept. 1
to Aug. 18 for three years have been as follows:
1 8 9 7 -9 8 .
W e ek .
B o m b a y ............
1 8 9 6 -9 7 .
S in c e
S e p t. 1 .
W e ek .
6 .0 0 0 1 ,7 9 3 ,0 0 0
7 ,0 0 0 1 ,6 1 0 ,0 0 0
F o r th e W eek.
E x p o r t*
fro m —
B om bay—
1 8 9 7 -9 8 ,.
1 8 9 6 -9 7 .
1 8 9 5 - 9 0 ..
C a lc u t t a —
1 8 9 7 -9 8 .
1 8 9 0 -9 7 .
1 8 9 5 -9 6 ,
M ad ras—
1 8 9 7 - 9 8 ..
1 8 9 6 - 9 7 ..
1 8 9 5 - 9 6 ..
A ll o th e rs—
1 8 9 7 -9 8 .
1 8 9 0 - 9 7 ..
1 8 9 5 -9 0 .
T o ta l a ll—
1 8 9 7 -9 8 .
1 8 9 8 -9 7 .
1 8 9 5 - 9 6 ..
G rea t
B r ita in .
...
...
.
.
Oontien en t.
S in c e
S e p t. 1.
W eek .
S in c e
S ept. 1.
1 0 ,0 0 0 2 ,1 4 0 ,0 0 0
S in c e S ep tem b er l.
T o ta l.
G rea t
B r ita in .
T o ta l.
3 .0 0 0
3.COO
2 ,0 0 0
3 .0 0 0
3 ,0 0 0
2 ,0 0 0
1 4 ,0 0 0
3 2 ,0 0 0
7 3 ,0 0 0
4 4 5 ,0 0 0
5 0 3 ,0 0 0
7 2 0 ,0 0 0
4 5 9 ,0 0 0
5 9 5 ,0 0 0
7 9 3 ,0 0 0
2 ,0 0 0
lp o o
2 ,0 0 0
2 ,0 0 0
1 ,0 0 0
2 ,0 1 0
4 ,0 0 0
8 ,0 0 0
1 1 ,0 0 0
3 3 ,0 0 0
7 3 ,0 0 0
9 4 ,0 0 0
3 7 ,0 0 0
8 1 ,0 0 0
1 0 5 ,0 0 0
2 ,0 0 0
2 ,0 0 0
2 ,0 0 0
2 ,0 0 0
8 ,0 0 0
1 3 ,0 0 0
5 ,0 0 0
2 0 ,0 0 0
8 ,0 0 0
7 ,0 0 0
2 8 ,0 0 0
2 2 ,0 0 0
1 ,0 0 0
1 ,0 0 0
4 ,0 0 0
2 ,0 0 0
0 ,0 0 0
3 ,0 0 0
3 ,0 0 0
7 ,0 0 0
7 ,0 0 0
1 6 .0 0 0
3 0 ,0 0 0
2 6 ,0 0 0
1 2 6 ,0 0 0
1 3 4 ,0 0 0
1 0 9 ,0 0 0
1 1 2 ,0 0 0
1 6 4 ,0 0 0
1 3 5 ,0 0 0
1 ,0 0 0
1 ,0 0 0
6 ,0 0 0
7 ,0 0 0
1 2 ,0 0 0
7 ,0 0 0
8 ,0 0 0
1 3 ,0 0 0
1 3 ,0 0 0
3 6 ,0 0 0
7 8 ,0 0 0
1 2 3 ,0 0 0
6 0 9 ,0 0 0
7 0 0 ,0 0 0
9 3 2 ,0 0 0
6 4 5 ,0 0 0
8 6 8 ,0 0 0
1 ,0 5 5 ,0 0 0
...
...
2 ,0 0 0
A lexandr ia
R eceipts
and
S hipments
C otton ,—
of
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.
A l e x a n d r i a , E g y p t,
A u g u s t 17 .
1 8 9 6 -9 7 .
Reoeipts (oantars*)___
Chin week....... ..............
Since Sspt. 1 . . ..........
2 ,0 0 0
6 ,5 1 6 ,0 0 0
T h is
w eek .
S in c e
S ep t. 1.
1 8 9 5 -9 6 .
2 ,0 0 0
5 , 7 9 5 ,0 0 0
1 8 9 7 -9 8 .
1 ,0 0 0
5 ,2 0 6 , 0 0 0
1
T h is
w eek .
S e p t, 1.
T h is
w eek .
S in c e
S e p t, 1.
Jrporta (bales)—
To Liverpool . . . . . . . .
To Continent!........
1 ,0 0 0 3 4 7 .0 0 0
4 ,0 0 0 4 7 9 .0 0 0
2 ,0 0 0 3 3 8 .0 0 0
7 ,0 0 0 4 0 6 .0 0 0
3 3 6 .0 0 0
2 ,0 0 0 3 4 0 .0 0 0
Total E u ro p e ......
5 ,0 0 0 8 2 6 ,0 0 0
9 ,0 0 0 7 4 4 ,0 0 0
2 .0 0 0 6 7 6 .0 0 0
* A o a n ts r ls 98 p o u n d s .
t O f w il le d t o A m e r i c a In 1 8 9 7 - 9 8 ,5 3 ,7 8 8 b a l e s : t n 1 8 9 6 - 9 7 , 5 0 , 7 3 1
b a le s ; In 1 8 9 5 -9 6 , 5 9 ,1 0 8 b a l e s .
M anchester M a r k e t . — Our report received by ca b le
to-night from Manchester states that the market is dull for
both yarns and shirtings. Merchants are not willing to pay
present prices. We give the prices for to-day below and
lea' c those for previous weeks of this and last year for
comparison.
1898.
1897.
8 % l b s . S h ir t G otV n
i n g s , c o m m o n M id .
U p ld s
to f i n e s t .
32# O op .
Tw ist.
<1.
d.
5»8 ® 6 9ie
5f»l6 2 6 7 16
5 9ia # 6 7ie
5 r3
>
5 1 i J6 3>6 ^
5®i« $ 6 %
s.
4
4
4
4
4
4
d.
s.
i
tte
0 *a»6
0*3 9 6
0*g»6
1 tt6
0 *a»6
d.
s
7*s
7%
7%
7k:
7
d.
3 j 5;v2
31332
31532
3 l5 * o
S *s"
33a
3 2 , O op.
T w ist.
d.
6^
6 “ !Q
6713
6*g
6 7 l0
63 q
8 H l b s . S h ir t O otF n
i n g s , c o 7 n m o 7 t M id .
to f in e s t .
TTpldt
d.
s.
® 73a 4
® 7 7 jq 4
4
® 7 7 tt. 4
® 7 7 l8 4
4
d.
a.
2 ®6
2 ©6
2 *6
2*a® 6
2*a® 6
2
36
d.
7*s
7*s
8
8
8
8
d.
4®32
4*4
4 s 32
4 932
tafa
We have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week. The
reoeipts for the week ending to-night (Aug. 19) and since
Sept, 1, 1807, the stocks to-night, and the same items for the
corresponding oeriods of 1896-97, are as follow s.
8 sa
Is l a n d
Cotton
M o v e m e n t .—
1 8 9 7 -9 8 .
R e c e i p t s to A u g . 1 9 .
T h is
w eek .
1 8 9 6 -9 7 .
S to c k .
T h is
w eek .
S in c e
S e p t. 1.
5 9 ,2 3 7
9 ,9 8 5
6 ,7 0 0
12
3 4 ,0 4 7
1 0 ,4 0 2
6 ,7 7 7
6 ,2 9 7
1 ,5 2 9
50
166
T o t a l .................................
S in ce
S e p t. 1.
3
163
7 5 ,9 2 8
12 1 0 1 ,2 2 6
7 ,8 7 6
7 ,6 9 6
1898.
1897.
The exports for the week ending this evening reach a totsl
of 146 bales, of which 135 bales were to Great Britain, 21
to France and — to Reval, and the amount forwarded to
Northern mills has been 351 bales. Below are the exports
for the week and since September 1 in 1897-98 and 1896-97.
W eek E j u i i n g A u g . 19
E x p o rts
fro m —
S in c e S e p t. 1 , 1 8 9 7 .
G rea t F r ’ n ee
O rea t F r 'n c e
T o t a l. B r i t 'n .
T o ta l.
dc.
d c.
S r it’n.
STorih’ n M il l s .
S in c e
W e e k . S ep t. 1 .
1 5 0 2 4 ,8 0 5
101 2 ,1 9 0
6 ,5 0 6
...
1 2 ,1 5 5
4 ,5 2 9
2 .2 7 5
2*i 7 ,9 4 8
1 2 5 3 ,5 9 9
2 ,3 5 4
3 ,2 3 4 1 5 ,3 8 9
64 4 ,5 9 3
2 ,2 7 5
5 ,2 5 4 1 3 ,2 0 2
3 ,5 9 9
2 ,5 7 9
"225
21
1 4 6 3 2 ,8 6 0
8 ,7 7 7 4 1 ,6 3 7
2 5 1 3 3 ,5 0 1
81 4 7 ,5 4 2 1 0 ,6 5 3 5 8 ,1 9 5
1 3 9 ,5 7 3
S a v a n n a h ...
CbarL’ t ’ n .& e
F lo r id a , ifeoSTew Y o r k . .
B o s t o n ..........
B a lt ., & e —
...........
125
T o t a l .........
1 8 9 5 -9 6 .
||
R ec e ip ts a t—
According to the foregoing Bombay appears to show a
compared with last year in the week’s receipts of
1.000 bales. Exports from all India ports record a loss
of 5,000 bales during the week and since September l show
a d ecrea se of 323,000 bales.
Cotton C hop C ir c u l a r .—Our Annual Cotton Crop Review
will be ready in circular form about. Thursday, Sept. 8
Parties desiring the circular in quantities, with their bnsines
card printed thereon, should send in their orders as soon as
possible, to ensure early delivery. .
d ecrea se
COr-!«
* T t>
“f -1
CC
OO
«o
H e le n a , Arkansas.—Crops are in good condition and cotton
is opening rapidly. There has been no rain here during the
week, bm showers have fallen in the neighborhood. The
thermometer has averaged 7.V1, ranging from 63 to 88.
L it t l e R o c k , A r k a n s a s . —There has been no rain during the
week. The thermometer has averaged 80, the highest being
94 and the lowest 68.
N a sh ville, T en n essee. —Rain has fallen daring the week to
an inappreciable extent. The thermometer hits ranged from
to 85, averaging 74.
M e m p h i s , T en n e ss ee .— We have had dry, hot. and favorable
growing weather all the week. Two bales of new cotton
were received on Wednesday. Average thermometer 80 3,
highest 92’6 and lowest 87'5.
M o b ile, A l a b a m a . —Crop reports are conflicting. Many sec
tions claim serious injury from rust, rot and shedding. There
has been rain on four days of the week, to the extent of fortythree hundredths of an inch. The thermometer has averaged
80, the highest being 91 and the lowest 71.
M o n t g o m e r y , A l a b a m a . —Crops on uplands have improved
somewhat, and on lowlands are recuperating. It has rained
lightly on four days of the week, the precipitation reaching
foity-tight hundredths of an inch. New cotton is coming in,
but the crop is late. The thermometer has averaged 80,
ranging from 71 to 90.
S e lm a , A l a b a m a — Shedding continues,and the outlook is
less flattering. There has been rain on four days of the week,
the precipitation reaching one inch and sixteen hundredths.
The thermoneter has ranged from 69 to 95, averaging 83.
M a d is o n , F l o r i d a .— There has been rain on three days of
the week, the rainfall reaching ninety hundredths of an inch.
Rain is needed. Average thermometer 84, highest 93. lowest
73.
L ees b u r g , G e o r g i a . —We have had rain during the past two
weeks, to the extent of three inches and fifty hundredths.
The rain damaged cotton. The thermometer has ranged
from 68 to 90, averaging 78,
S a v a n n a h , G e o r g ia .
There has been rain on six days
during the week, to the extent of six inches and seventy- two
hundredths. The thermometer has averaged 79, ranging
from 70 to 83.
A u g u s t a , G e o r g i a . —Rain has fallen on five days during
the week, to the extent of three inches and twenty-three hun
dredths. The thermometer has ranged from 69 to 88, aver
aging 79.
C h a r le sto n , S o u th C a r o lin a . —W e have had rain onsixdays
o f the week, the rainfall reaching one inch and ninety hun
dredths. Average thermometer 80, highest 88 and lowest 74.
S ta te b u r g , S o u th C a r o l i n a . —There has been rain on six
days of the week, to the extent of two inches and fifty seven
hundredths—too much rain. The thermometer has averaged
78, the highest being 88 and the lowest 70.
G r e e n w o o d , S o u th C a r o lin a . —It has been dry all the week,
The thermometer has averaged 78, ranging from 69 to 87.
W i l s o n , N o r th C a r o lin a . —There has been rain on two days
of the week, the precipitation reaching forty four hun
dredths of an inch. The thermometer has ranged from 73 to
90, averaging 79.
The followingstatement we have also received by telegraph,
showing the height of the rivers at the points named at
3 o’clock August 18, 1898, and August 19, 1897._____________
[VOL. LX VII. ■
125
T o t a l 1 8 9 6 -7
71
10
“ *2i
.
.
Quotations Aug. 19 at Savannah, for Florida* common,
8i^o.; medium fine, 9J£c.; choice, 13c., all nominal.
Charleston, CarolinaB, medium fine, off color, 11c,; bright,
15c,; fine, I7@18c.; fully fine, 19 to 30c.; extra fine, 38@80c.
N ew Y ork Cotton Exchange —Cotton T rade A dver
tising .—The amendment to the By- Laws of the Cotton Ex
change recently recommended by the Board of Managers and
printed on page 828, Chronicle, August 13, came up for a
vote Aug. 17, on the floor and was unanimously carried, the
ballot standing 48 to 0 in favor of its adoption, The amend
ment, is therefore now a part of the by-law defining causes
for suspension or expulsion from the Exchange,
Memphis F irst Bale .—Our correspondent at Memphis ad
vises us that two bales of new cotton, first of the crop of
1898 09, were received at that point cm August 17. Last year
the first bale arrived on August 33, in 1896 on July 25, in
1895 on August 20 and in 1894 on August 17.
THE
A ugust 20, lsvifi.j
C H R O N IC L E ,
383
Ex p o r t s o f C otton G oo d s f r o m G r e a t B r it a in . —Beiow
A rkansas .—Cotton still presents fine prospects generally but some
we give the exports of cotton yarn, goods, &c., from Great complaints of rust and boll worms and too much rain,
Tennessee —Excessive
Britain for the month of July and since October 1 in cotton has abnormal stalk rains 8th and 9tli damaged lowland crops;
growth and insufficient fruitage.
1897-98 and 1898-97, as compiled by us from the British Boar d
Oklahoma .—Cotton doing well, bolls beginning to open.
M issouri.—Cotton in good condition.
of Trade returns. It will be noticed that we have reduce d
the movement all to pounds.
These reports o a cotton are sum m arized by the D e p a r t
C loth .
Yam&Thrcad.
lo U ll O f A ll.
OOOi o m itte d .
1 8 9 7 -9 8
1 89 6-97
Lb*.
Lbs.
Yds.
Yds.
O ctob er. ...
2 1 .2 3 1
2 3 .4 0 9
.3 9 0 ,5 1 4
4 1 7 ,0 4 9
N o v e m b e r ...
2 7 ,9 5 2
2 1 ,5 1 4
4 3 2 ,1 4 8
3 9 7 ,4 8 3
8 2,5 81
7 5 ,0 0 8
14.0,533
9 7 ,1 8 2
D e c e m b e r ...
20,04.4
2 2 ,2 0 9
4 1 8 ,9 4 4
4 3 1 ,8 3 9
8 0 ,0 5 8
8 1 ,0 0 6
1 0 0 ,1 0 2
1 0 3 ,8 7 5
3 1 5 ,5 0 0
3 0 4 ,2 9 9
1 0 0 ,0 8 7
1 89 7-98 1890-97
1897-93 IS 96-97
1 8 9 7 -9 8
Lbs.
L b i.
L b s.
7 4 ,0 3 1
7 9 .7 7 3
98 865
1 890-97
Lbs
1 0 3 ,2 4 2
T o t .l a t q u a r.
7 8 ,2 3 0
0 7 ,1 9 2 1 ,2 4 1 ,0 3 6 1 ,2 1 0 .3 7 1 3 3 7 ,2 7 0 2 37 ,10 7
J a n u a r y .........
2 3 ,8 4 1
2 1 , ’ 81
4 4 9 .9 7 4
4 4 7 .4 5 2
8 0 .0 3 7
8 5 .5 0 0
F ebruary —
2 3 .3 8 3
1 9 ,9 9
4 1 0 ,7 1 5
3 0 3 ,9 1 9
78,5 31
0 9 .5 4 3
1 0 9 ,8 7 6
1 0 1 ,9 1 4
M a r c h .............
2 7 ,4 5 4
2 4 ,8 3 9
490,2<*5
4 3 4 ,3 3 2
9 4 ,8 9 4
8 3 ,0 0 8
1 2 2 .3 4 0
1 0 7 ,8 4 7
T o t. 2d quar.
7 4 ,6 7 8
0 5 ,9 5 9 1 ,8 6 0 ,9 8 4 1 ,2 4 5 ,7 5 3 2 5 9 .4 0 2 2 3 8 ,0 5 7
3 3 4 ,1 4 0
3 0 4 ,0 1 0
T o t a l 6 m o s . 1 5 2 ,90 0 133 151 2 ,5 9 8 ,0 2 0 2,4 9 2 ,1 2 4 4 9 0 ,7 3 2 4 75,104
0 4 9 ,0 4 0
0 0 8 ,3 1 5
9 3 ,8 0 1
8 8 ,9 0 9
A p r i l .................
2 3 ,3 3 5
3 6 8 ,9 4 9
2 2 .6 2 3
3 4 6 872
7 0 ,5 2 0
0 6 .2 8 6
8 ^ .4 8 2
M a y ..................
2 3 .6 2 9
2 2 ,7 5 0
3 9 0 ,0 0 3
3 8 7 .2 2 7
7 4 ,0 8 5
7 3,9 97
9 7 ,3 1 4
9 0 ,7 5 3
J u n e .................
2 3 .1 8 7
2 0 ,7 1 8
4 0 8 .3 5 2
3 5 4 ,7 4 0
7 8 ,0 7 9
0 7 ,7 9 0
1 01 ,20 0
8 8 ,5 0 8
T o t. 3d quar
0 9 ,1 5 1
0 0 .0 9 7 1 .1 0 7 .9 0 4 1 .0 8 8 ,8 4 5 2 2 3 ,2 9 0 2 0 8 .0 7 3
2 9 2 .4 4 1
2 7 4 ,1 7 0
T o t a l 9 m o s , . 2 2 2 .0 5 9 1.99,248 3 ,7 0 0 ,5 2 4 3 ,5 8 0 ,9 0 9 7 2 0 ,0 :2 •584,237
9 4 2 .0 8 1
8 8 2 ,4 8 5
1 0 5 ,5 1 1
1 0 1 ,2 1 0
J u l , .................
1 9 ,0 1 0
4 4 9 ,2 3 1
2 3 ,4 5 3
4 0 0 .9 0 0
8 5 ,8 9 5
7 7 ,7 5 7
702
2 0 ,5 8 9
T o t a l e x p o r t s o f c o t t o n m a n u f a c t u r e s ..............................................
l.OiS.ttoo
807
2 2 ,0 8
j
P IE C E G O OD S ANT) T A R N S T O P R IN C IP A L C O U N T R IE S IN
J U L Y AN D F R O M O C T O B E R 1 T O J U L Y 31.
P iece Goods— Yards.
8 om itted.)
(0 0
0
Bast I n d i e s ..................................
T u r k e y , E gypt a n d A f r i c a . . .
C h in a a n d J a p a n .........................
E u r o p e ( e x c e p t T u r k e y ) .........
S o u t h A m e r i c a .............................
N o r t h A m e r ic a ...........................
A ll o t h e r c o u n t r i e s ....................
T o t a l y a r d s .............................
T o t a l v a l u e .............................
July.
Oct. 1to J uly 3 .
1
88 7 86 0
1 9 . 1 9 . 1 9 . 1 9 -98! 1 9 -9 1 9 -9
88 8 7 80 8 7
1 8 2 4 ,3 82 90 519 3 1 10 1 4 ,8 9 9
9 .1 91 9 0 0 . 0 1. 6 .0 5 . 2 ,6 71 0 ,9 9
0 8 7 ,4 1 5 .2 4 0 2 7 0 80 9 5 9 1
*».b 2 2 6
9 7 7 .5 3 7 , * 3 ,9 4
5 ,1 2 5 ,0 3 f-s .io : 4 -.7 9 4 811 5 1 9
25 85
0 0 9 0 9 ,0 4
27
2 .0 9 2 .0 7 2 .M0 2 9 8l! 2 8 4 2 ,2 1
0 1 1 2 1 4 4 .8 3 ,9 9 4
0 .1 0 4 ,7 3 0 .8 4 4 0 0 4 4 3 5 2 8
1 2 4 3 3 8 0 .7 4 0 .0 0 0 .7 0
J7 0 2 .3 5 2 ,0 5 1 4 1
.3 5 0 4 1 4 8 ,1 7 2 0 2 2 7 7
2 .4 8 4 .3 4
3 ,3 8 4J.8 8 4 ,5 4 2 1 0 3 0 8 3 1 0
85
8 0 5 8 ,0 4 2 .3 1 2 .4 1
4iy ,* 3i 4 0 0 8 .9 342 5 5 39 98 S 43 4 3
0 .9 04 3 8 . 1 ,7 3 . 8 . 0 , 1 ,8 9
£ 4 8 £ 3 1 £ 4 0 £ 3 ,9 8 £ 3 ,0 0 * 4 .0 0
,1 4 ,9 8 ,7 7 -8 6 9 0 2 4
Y a m s —Lbs.
00
0
(
s om itted.)
H o l l a n d .............................................
G e r m a n y . ......................................
O th . E u r o p e ( e x c e p t T u r k e y
East I n d i e s .......... ..........................
C h in a a n d J a p a n ................. .
T u r x e y a n d E g y p t .....................
All o t h e r c o u n t r i e s ....................
29
,7 1
33
.2 2
,7 9
, 20
1 35
.5 5
21
,1 1
T o ta l lb s ............ ...................
T otal v a l a e ..........................
2,084
1,111
33
,2 7
33
,1 2
38
.0 1
49
.3 0
80
,1 3
2.028
1.479
17,593 21,047
£643
405*'
21
,7 5
31
.4 9
38
,5 2
41
.2 5
39
,^4
3 ,0 1
19
3 41
3i,.316,
90
4 ,7 5
3 2|
8 .0 4
01
3 ,0 3
13
3 .4 4
75
3 ,1 5
81
2,035
1,400
30,016
25.025
14,703j
24,048
21.990
14,558
21,410
£656
218.878
£M.08*:
201.018
Jt8.ll5
N e w E n g l a n d C o tton M il l S it u a t io n .— T he F a ll R iv e r
Cotton M anufacturers’ A ssociation at a m ee t in g h eld A n g .
15 discussed a new curtailm ent plan and it w a s agreed to
close one m onth before N o v . 1 if 1,500,000 F a 11 R iver spindles
w ill jo in .
Signatures m u st he in b y Sat urday m orning,.
A n g . 20.
S h ip p in g N e w s .— A s show n on a previous p ag e, the
exports o f co tto n from the U n ited S tates the past w eek h a v e
reached 24,688 bales. T he shipm ents in d etail, as m a d e up
from m ail and telegraphic retu rns, are as follow s:
T o ta l b a le s .
1 ,0 0 6 ,5 8 7
The foregoing snows that there has been exported from the
United Kingdom during the ten months 1,068,883,000 lbs.
of manufactured cotton, against 1,006,587,000 lbs. last year, or
an increase of 63,296,000 lbs.
A further matter of interest is the destination of these
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
countries during July and since October 1 in each of the
last three years:
EXPORTS O P
m ent as fo llo w s:
Cotton has suffered injury from continuous excessive rains and lack
of sunshine over the greater part of the central and eastern districts
of the cotton belt, i - which sections too rank growth, rust, and injury
from insects are extensively reported. In Missouri, Arkansas and
Oklahoma the crop is doing well, and some favorable reports are re
ceived from North Carolina and Mississippi. In northern and west
ern Texas cotton has deteriorated as a result of dry weather, and while
insects are proving injurious over many parts of the State, the crop is
doing well in some sections.
F l o r id a S ea I s l a n d F ir st B a l e .— T he first bale o f Sea
Island cotton of the crop o f 189S-99 raised in Florida arrived
at Savannah, Gra., on A u g . 10. L ast year the first bale ar
rived at Savannah on A u g . 19; in 1893 the earliest arrival
was on A u g . 4 and in 1895 on A n g . 23.
2 .8 0
71
3 ,8 9
84
3 .9 0
93
4 ,0 5
17
28,455
18.800
13,384
207.029
£8.303
J u t e B u t t s , B a g g i n g , & c . —The demand for jute bagging
has been moderately good during the week under review.
Quotations this evening are 6}^c. for \ % lbs. and 6 ^ c. for 2
lbs. of standard grades. Car-load lots of standard brands
are quoted at 6c. for \ % lbs. and 6 ^ c. for 2 lbs., f. o. b. at
New York. The market for jute butt9 has been quiet.
Quotations are nominally *80c. for paper quality and lj^c.
for mixing.
N ew Y ork —T o Liverpool, per steamer Georgic, 5,197................
To Hull, per steamers Colorado, 411 ...Ontario, 389..........
To Manchester, per steamer Albers, 201..................................
To Havre, per steamers La Bretagne, 21 Sea Island___
Stratblyon, 361.............................................................................
To Bremen, per steamers Bremen, 1,286___Kaiser Wilhelm
der Grosse, 231............................................................................
To Hamburg, per steamer Palatia, 1 00 ...................................
To Antwerp, per steamers Kensington, 95___St. Leonards,
288....................................................................................................
To Genoa, per steamers Betty, 556 . Pocahontas, 285___
To Trieste, per steamer Pocahontas, 2 5 ....................................
To Venice, per steamer Pocahontas, 196..................................
New Orleans—T o Liverpool—Aug. 12—Steamer Jamaioan,
2.423................................................................................................
To London - Aug. 18 -Steamer Cayo Mono, 100.....................
T# Rotterdam—
Aug. 19—Steamer Foylmore, 178...................
To Antwerp—Aug. 1 3 -Steamer Sardinian Prince, 900___
To Copenhagen—Aug. 17—Steamer Arkansas, 200...............
To Genoa—Aug. 13—Steamer Tergestre, 2,700.......................
To Trieste -A ug. 13—Steamer Tergestre, 700..........................
To Venice—Aug. 13 —
Steamer Tergestre, 487..........................
Galveston—To Rotterdam—Aug. 16—Steamer Enterprise, 15o
Norfolk —To Hamburg—Aug. 16—Steamer Hemi phere, 5,500
Boston—To Liverpool—Aug. 9 -Steamer Victorian, 1 upland
and 125 Sea Island___Aug 15—Steamer Kansas, 1 ...........
B altimore—To Liverpool—Aug. 17 -Steamer Uistermore, 479
To Bremen—Aug. 17—Steamer Muncben, 1,100.....................
5,197
800
201
384
1,517
10O
383
841
25
196
2,423
100
178
900
200
2,700
700
487
150
5,500
127
479
1,100
Total.................................................................................................... 24.688
The particulars of the foregoing shipments, arranged in
onr usual form, are as follows.
v ew Y ork .
N . O r le a n s .
G a lv e s t o n .
N o r f o l k , . ..
B oston . . . .
B a lt i m o r e .
T o t a l....
G r e a t F r e n c h G e r - r -O lh .J T r o p e —. M e x ic o ,
B r i t 'n . p o r t s . m a n y . N o rth . S ou th .
tCc. J a p a n .
3 8 3 l ,0 d 2
3 8 4 1 ,8 1 7
6 ,1 9 8
...........................
2 ,5 2 3
1 ,2 7 8 3 ,8 8 7 ...........................
150
...........................
5 ,5 0 0
......................... .
127
...........................
1 ,1 0 0 ........... ........... ...........................
479
9 ,3 2 7
384
8 ,2 1 7
1 ,8 1 1
4 ,9 4 9
...........................
T o ta l.
9 ,6 4 4
7 ,6 8 8
150
5 ,5 0 0
127
1 ,5 7 9
2 4 ,6 9 8
To Japan since September 1 shipments have been 131,519
bales from Pacific Coast, 8,700 from New Orleans, 23,029 bales
from Galveston. 7,100 biles from Pensacola, 4,5J0 bales from
Mobile and 29.021 bales from N j w York.
Cotton freights at New York the past week have been
as follows.
G o v e r n m e n t W e e k l y C o t t o n R e p o r t . — Mr.W. L. Moore,
Chief of the Weather Bureau of the Agricultural Depart
ment, made public on Tuesday the following telegraphic Liverpool............c.
reports on the crop in the Southern States for the week Havre...................c.
ending Aug. 15:
Bremen............... c.
S a tu r .
15t
221
M on.
15t
H
221
T u ts .
15t
>
4
22t
251
30
W cd n es.
151
M
221
251
301
T h u rs.
F ri.
15t
15t
22t '
251
301
221
H
251
301
V ir g in ia — W e e k g e n e r a lly t o o w e t f o r w ork .
Hamburg............ c.
251
251
N o r t h C a r o l i n a —D a m p r a i n y w e a t h e r , c o t t o n I m p r o v e d l o c a l l y
301
Amsterdam.........c.
SO'
b u t g e n e r a lly b e lo w a v e r a g e , m o re ru st a n d s h e d d in g b u t b lo o m in g
....
....
....
Reval, v. Hamb. c.
....
....
....
f r e e l y , p r o m is e s g o o d t o p c r o p , s o m e b o l l s o p e n .
....
....
....
....
S o u t h C a r o l i n a .—T o o m u c h r a in a n d c lo u d in e s s f o r c o t t o n , w h ic h
Do v.Brem’n.c.
....
....
is d e t e r io r a t i n g , o w i n g t o r u s t a n d e x c e s s i v e s h e d d i n g . L o lls b e g i n n i n g
331
33 i
33'
33t
Do v. Hull-..c.
33f
33!
t o o p e n in s o u t h e r n c o u n t i e s a n d p i c k i n g w ill s o o u b e g in .
307
301
30t
Rotterdam.......... c.
301
301
301
G e o r g i a .— A ll c r o p s n e e d d r y w e a t h e r ; c o t t o n c o n t in u e s t o “ w e e d ”
301
Genoa................. d.
30t
301
301
301
30t
a n d s h e d r a p i d l y , r u s t is s p r e a d i n g , a n d s o m e b o l l s a r e r o t t in g .
F l o r i d a .— E x c e s s i v e r a in s in s o m e s e c t io n s c a u s e d s e r io u s d a m a g e
32t
82t
rrieste................. d .
321
321
321
32t
t o c o t t o n , a - d w il l m a t e r ia l l y e f fe c t t h e y i e l d i f u n f a v o r a b l e c o n d i t io n s
%
Antwerp..............d.
b
bs
c o n t in u e ; p i c k i n g q u it e a c t i v e o n u p la n d s .
S2
632
A l a b a m a .— Co o l a n d w e t e x c e p t l a s t t h r e e d a y s , f a v o r a b l e ; a t Ghent.v.Antw’p.d.
B
32
632
B
32
M a r io n , o n 1 0 t h . n e a r l y 1 0 i n c h e s r a i n f e l l in t e n h o u r s a n d d a m a g e d
t G en ts n e t p e r 1 0 0 lb s .
c r o p s l o c a l l y ; r a n k g r o w r h , r u s t , r o t , s h e d d i n g a n d w o r m s s e r io u s ly
L iv e r p o o l .—By cable from Liverpool we have the follow
d a m a g i n g c o t t o n ; p i c k in g j u s t s t a r t e d , t h o u g h s e v e r a l ••first b a l e s ”
m a rk e te d .
ing statement of the week’s sales, stocks, &o., at that port.
M i s s i s s i p p i .— H e a v y r a i n f a l l fir s t o f w e e k in ju r io u s , b u t d r y l a t t e r
p o r t io n a n d f a v o r a b l e ; c o t t o n i n ju r e d b y h e a v y r a i n s , s h e d d in g , r u s t ,
A u g . 12. A u g . 19.
A ug. 5
J u ly 21
w o r m s , g r a s * a n d o v e r g r o w t h ; s o m e f a v o r a b l e r e p o r t s , b u t in th e
m ln o r i i y .
5 4 .0 0 0
5 8 .0 0 0
5 4 .0 0 0
4 3 .0 0 0
8 a le s o f t h e w e e k .............b a l e s .
L o u i s i a n a .— C o o l a n d s h o w e r y f ir s t h a l f o f w e e k , f o l l o w e d b y
2 ,2 0 0
900
1 ,2 0 0
1 ,6 0 0
O f w h ic h e x p o r t e r s t o o k . . .
n o r m a l te m p e r a tu r e a n d s u n s h in e ; u n fa v o r a b le w e e k fo r c o tto n ,
1 ,6 0 0
800
500
100
O f w h io h s p e c u l a t o r s t o o k .
c o m p la in t s o f s h e d d in g , r u s t a n d g r a s s y fie ld s b e i n g n u m e r o u s a n d
5 0 .0 0 0
5 1 .0 0 0
4 0 .0 0 0
5 0 .0 0 0
b o l l- w o r m s i n f l i c t i n g d a m a g e in n o r t h s e c t io n s .
4 ,0 0 0
3 ,0 0 0
5 .0 0 0
6 ,0 0 0
A o t n a e x p o r t .................................
T e x a s — W a r m , d r y w e e k , e x c e p t o v e r s o u t h “ fist, p o r t io n w h e r e g o o d
4 9 .0 0 0
5 5 .0 0 0
4 4 .0 0 0
5 1 .0 0 0
F o r w a r d e d ........................................
r a in s f e l l ; c o t t o n h a s d e t e r io r a t e d a s a return; o f d r y w e a t h e r o v e r
8 4 3 .0 0 0
8 7 5 .0 0 0
9 0 9 .0 0 0
9 4 8 .0 0 0
T o t a l a to o k — E s t i m a t e d ............
n o r t h e r n a n d w e s t e r n p o r t io n s , a n d c o m p l a i n t s o f ) roll w o r m a n d
7 6 1 .0 0 0
7 8 9 .0 0 0
8 2 5 .0 0 0
8 6 6 .0 0 0
O f w h ic h A m e r i c a n —E s t m ’ d
c a t e r p il l a r c o m e f r o m m a n y p a r t s o f t h e S t a t e , in a d d it i o n t o w h ic h
2 2 .0 0 0
2 4 .0 0 0
9 .0 0 0
1 0 ,0 0 0
t h e M e x i c a n b o l l w e e v il is d a m a g i n g t h e c r o p in t h e s o u t h e r n p o r t io n ; T o t a l I m p o r t o f t h e w e e k ____
1 8 ,0 0 0
1 4 .0 0 0
9 .0 0 0
6 ,0 0 0
O f w h ic h A m e r i c a n ................
n e v e r t h e l e s s c o t t o n Is d o i n g w e ll i n c o m e s e c t i o n s ; p i c k in g is b e c o m in g
3 3 .0 0 0
2 8 ,0 0 0
4 5 .0 0 0
2 8 ,0 0 0
A m o u n t a f lo a t ................................
g e n e ra l o v e r so u th e rn p o r t io n a n d h a s c o m m e n c e d d v e r c e n t r a l p o r
2 2 ,0 0 0
2 9 .0 0 0
4 0 .0 0 0
1 8 ,0 0 0
I O f w h io h A m e r i c a n ................
t io n s .
*8
•
5.1
2
*
0
5
3 84
THE
C H R O N IC L E .
[V o l . I 2.T IL
The tone of the Liverpool market for spots and futures
Oats for future delivery have been quiet, but prices have
each day o f the weekending Aug. 10 and the daily closing gradually weakened in sympathy with the decline in other
prioes of spot cotton, have been as follows.
grains, and in response to weaker advices from the West,
where elevator people have been reported as fairly free sell
F r id a y .
B tlC da y. M o n d a y . T u e s d a y . W ed * d a y .
S p ot.
ers. At the lower prices, however, there lias been increased
■
buying for investment account.
To-day the market was
M a rk e t, f
Freely 1 uiet and
Q
j M oderate
quiet bat steady. The spot market was steady. Sales for
steady.
offered .
1 :4 5 p . M. ( j Q uiet, ! dem and.
ravor,
a o la f.
export were 20,000 bushels.
l i d . U pl'd-*
3 D ,4
H a le * ..............
&p#o.4b>
5 .0 0 0
ao o
j
F u tu r e * .
M a r k e t , J ! Barely j Steady
h teadr at
: 4 5 r . ml. S i-<s* d ec.
M a rk et.
4. p. w.
1 1 B arely
\ s tea d y .
31% ,
3 7 js
1 0 .0 0 0
1 ,0 0 0
j
Barely
ste a d y .
| 1 0 ,0 0 0
500
31> »i
!
3%
3%
xo.ooo
i 10 0 0 0
5 )0
500
D A I L Y O LO SING PAIOItS O P NO . 2
7 ,0 0 0
|
500
1 Q u ie t at 1 Q uiet at j B arely i
l
uurtlally steady at j Steady.
d e clin e ,
1-<W dec. ; l -M J e t.
? S teady .
yn iu t.
Easy.
1 Q uiet.
The prices o f futures at Liverpool for each day are given
below," Prices are on the basis o f Uplands, Low HiJJling
clause, unless otherwise stated.
in o n .
S a l.
Au$r. 1 9 .
T aea.
W ed.
T litir n J
F rI.
4
1 :4 5
4
1 :4 5 1 4
1:451 4 | l:4 5
12V
1 1:451 4
iP.M. P. M. P.M . P. M. P.M . P.M . P.M . P.M . P.M . P, M. P. M. P.M.
1 d.
d.
A u g u s t ......... 3 2 2 3 2 2
A n g .- S e p l .. . 3 2 0 3 20
S e p t . - O c t . . 3 19 3 18
O o L - N o v . . . . 3 17 3 17
N o r - . D e o . . . 3 16 3 IB
D e e .- J a n ___ 3 1 6 :3 1 6
J a n . - F e b . . . . 3 l f l ! 3 16
F e b .- M a r o b 3 1 7 3 17
M e h . - A p r i l .. 3 17 3 17
A p r f l - M a y . . :3 19 3 13
M a y - J u n e . . . 13 1 9 ;3 19
J u n e -I n ly ..!
___
3
3
3
3
3
3
3
3
3
3
3
rf.
d.
d.
d.
2 0 3 2 0 3 1 9 3 18
l e 3 19 3 17 3 17
1 6 3 1 6 3 1 5 :3 15
1 5 3 16 3 1 3 3 13
14 3 14 3 1 2 3 12
14 3 14 3 12 3 12
14 3 14 3 1 2 3 12
15 3 15 3 13 3 13
1 5 ,3 15 3 1 4 3 14
1 6 3 1 6 3 1 : 3 14
17 3 1 7 :3 1 6 3 1 6
...... ..................
3
3
3
3
3
3
3
3
3
3
3
d . i <i.
1 7 3 17
1 5 3 15
1 3 3 13
12 3 11
11311
11 3 11
11 3 11
12 3 11
1 2 3 12
13 3 1 3
1 4 3 14
3
3
3
3
3
3
3
3
3
3
3
<1.
16
1ft
12
11
11
11
10
11
12
12
13
3
3
3
3
3
3
3
3
3
3
3
rf.
16
11
12
11
10
10
10
11
11
12
13
3
3
3
3
3
3
3
3
3
3
3
rf
16
15
13
11
11
11
11
12
12
13
14
3
3
3
3
3
3
3
3
3
3
3
rf.
16
14
12
11
10
10
10
11
11
12
13
B R E A D S T U F F S .
F r i d a y , Aug, 19, 1S98,
A moderate volume of business has bsen transacted in the
market for wheat flour, the increased demand coming from
shippers for supplies for the West Indies now that the exSpanish Islands ports are again open to commerce. From
other scotirces, however, demand has continued slow, pur
chases made having been almost exclusively of a hand tomouth character, and prices have favored buyers, reflecting
a decline in the prices for the grain. Rye flour has had a
moderate sale but at easier prices. Corn meal has been in
only limited demand, but offerings have been small owing to
light stocks in sellers' hands and values have held steady.
Speculation in the market for wheat has been quiet, and
the tendency of prices has been towards alosver basis, under
generally favorable crop prospects here and in Europe, and
an increasing movement of the crop iu the Northwest. De
spite the lower prices, exporters have been only limited
buyers in the cash market. Saturday prices declined
under limited selling prompted by weaker foreign advices,
and the failure of predicted frosts in the Northwest to ma
terialize. Monday the market was again lower, prices
declining ‘7@ lc. under moderately free offerings, in
duced by weaker foreign advices, favorable crop
prospects, increased crop movement iu the Northwest
and indications of a further increase in the movement.
Tuesday there was a steadier market and prices advanced %
(a ' ,e. on a demand from shortsto cover contracts. Wednes
day the market was again easier, prices showing a decline of
5
j'c., dne to disappointing foreign advices and an increas
ing movement of the crop. Thursday there was an upward
turn to prices, in response to stronger advices from the inter
ior, a good demand being reported for cash wheat at large
premiums, and on less favorable crop accounts from France,
closing 3s(21c, higher for the day. To day there was an
easier market, under selling by the Northwest in anticipation
of a free crop movement, closing at a decline of
for
the day. The spot market was moderately active. Sales for
export here and at outnorts were 175,000 bushels, principally
No. 2 red winter and No. 2 hard winter.
D A IL Y CL08DSG PRICES OP
S a t.
71%
68%
S e p t e m b e r d e l i v e r y — o.
D e c e m b e r d e l i v e r y ........ c.
M a y d e l iv e r y .....................o.
SO . 2 RE D W INTER W HEAT.
M on .
T u ts . W ed .
Thun.
70%
70%
697<a
70%
ew
03
68 *4
67%
....
....
—
AVt.
6 9 '-’g
67%
68%
The speculative dealings in the market for Indian corn
futures have been moderately active, but they have been at
lower ptices. values breaking rather sharply on Wednesday
under considerable pressure to sell by longs, prompted by the
improved prospects for the growing crop resulting from the
favorable weather conditions latterly experienced, prices for
the day showing a loss of l^ c . Thursday prices wore lower
during early ’Change on continued selling by longs. Subse
quently, however, renewed buying for investment account
turned the market stronger and the loss was recovered. At
the lower prices there was a fair export business. To-day
the market was easier under general selling, induced by con
tinued favorable weather conditions for the crop, closing at
a decline of
for the day. The spot market was ac
tive. The sales for export here aDd at outports were 750,000
bushels.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN.
Hat.
M an. T u et.
W ed .
Thun.
S ep tem b er r t e liv e r f....o .
37%
37%
37
3519
35%
D e c e m b e r d e l i v e r y ___ 0 .
37%
37%
37
8 5 7,
36
S ri.
35%
35%
Hal.
2 5 '-,
M an.
25%
M IX E D O ATS.
Tuns.
25%
(Fed,
Than
S r i.
September d a l l v o r y .L .O .
25%
25%
25%
Rye has sold slowly, and although offerings have been
limited, prices have been easier.' Barley has been quiet but
about steady.
The following are closing quotations:
FLOUR.
P a t e n t , w i n t e r ........ ? 4 0 0
ml
FLno ............................ * 2 2 5
* 2 40
C i t y n u lls , e x t r a s . 4 7 0
*4
S u p e r fin e .................... 2 3 5
a i 50
tfr e r a , N o . 2 ............. 2 5 0
m i 'O
R y e H our, s u p e r f in e 2 4 0
92
E r i c a , N o . 1 ............. 2 7 0
* i 10
B u c k w h e a t dour...
.....
Q le a r e .................... ......3 2 5
* 3 0 5 C o r n m e a l—
S t r a ig h t s .................... 3 5 0 9 1 35
W e s t e r n , e t c .......... 2 1 5
93
B r a n d y w in e . . . .
P a te n t, S p r i n g ........ 1 5 0
* 5 00
2 30
[W h e a t f lo u r In s a c k s s e lls a t p r io e s b e l o w t h o s e t o r b a r r e ls .
W h e a t—
H a r d D u lu th , N o . 1 .
R e d W in t e r , N o . 2 ..
H a r d M a n ., N o . 1 . .
N o rth e rn , S o . 1 . . .
>ats— M ix ’ d , p e r b s h .
W h i t e .............. ............
N o. 2 m i x e d ...............
No. 2 w h it e .................
C orn , p e r b u sh —
o.
W e s t e r n m i x e d ...............3 4 %
N o . 2 m i x e d ......... .........3 5
W e s t e r n Y e l l o w .............3 5 %
W e s t e r n W h i t e ...............35 %
R yeW e s t e r n , p e r b u s h ___ 4 3 %
S t a t e a n d J e r s e y .......... 45
B a r l e y — W e s t e r n .............5 0
F e s d l n z ........... ..................3 5
o.
o.
72% * 74%
7 2 % * 77%
N o m in a l.
7 5 % * 76%
20 % ® 2S%
3 i % a 40
2 7 % » 24%
3 2% 9 3 3 %
50
90
95
25
o.
937
936 %
9 37 %
® 37 %
950%
® 51
955
930
E xports o f B r e a d st u f f s , P r o v is io n s , C o tto n a n d
Petroleum . —Theoxports of chese articles during the month
of July, and the seven months, for the past three yearB
have oeen as follow s:
S z v o r ti
rrom O. 3 .
duaritillM *
iYheat. bush.
F lo u r ... bbls.
1897.
1898.
7 &fonths.
J u ly .
Jvl'J.
1890.
7 M onths
J u ly.
7 M onths*
69,835,677
8,6*9.900
3,937,482 28,152.750
3,177,872
7 038,581:
0,002,090
1,368,711
31,432,619
8,498,409
iV h e a t....b u .
C o r n ... bush.
11,478,951 It 8.490,151
10,881,709 132,414,370
9.287,916 00,051,387
12,830,350 116,418,200
12,170,295
5,012,761
72,075,459
04,056,012
fo t .b u s h .
23,300,(500 24\0t 4,524
21,648,200 170,409,587
17,789,040 130,732,071
7,818,401
857,900
Values.
iV h't& flour.
Oorn& m ealStye........... .
0 ai-fl & m e a l.
B a r le y .. . . . . .
*
f
10,547,590 111,798,150
4,217,3d» 50,335,80?
459,475
0,003,030
1,3-2.509 13,109,9030,230
1,578,861
Br’ dBtuffs.. ..
f*rovlslon s*.
J o tto n . . . . . .
P e tr o l'm .^ c .
10,737,128
12,895,853
2,828,089
4,722,075
T a t v a lu e .
S
7,850,033
3,050,520
290,184
1,530,566
310,882
*.
52,351,085
35,458,03.1
2,135,496
5,980,958
3,185,904
?
8,607,014
1,983,035
107,372
1,000,209
422,059
i
53,249,792
23,053,407
552,174
4,955,090
2,218,709
182,818,370
U 4,205,573
I09,857,48f
29,427,810
13,932,801 99,111,533
10,080,028 100,654,737
2,433,510 92,083,470
5,132,815 33,725,128
12,719,089
13,891,757
3,001.343
5,498,791
SJ,024,178
94.843,001
95.887,630
35,121,647
37,193.721 430,369,238
37,504,100 325,574,868
35,711,5.80 309,877,016
• In ch id in g c a ttle an d hosrs in all m o n th s a n d ye a rs.
N o t e .— A l l t h e a b o v e f ig u r e s a r e b a a e d o n t h e m o n t h l y p r e l i m i n a r y
retu rn s is s u e d b y th e B u re a u o f S t a t is tic s , a n d o o v e r a b o u t 9 8 p e r o e n t
o f th e to ta l e x p o r ts .
The movement of breadstnffs to market as indicated in the
statements below is prepared by ns from the figures c o l
lected by the Yew York Produce Exohange. The receipts at
Western lake an i river ports for the week ending Aug, 13, and
since Aug. 1. for each of the last three years, have been as
follows:
lecH v ts at—
J&lC&RO.........
M ilw a u k e e ..
M inneapolis.
T o l e d o . .. .. . .
D e t r o it .........
C le v e la n d . ..
i t. L ou is . ..
Kansas City.
flo u r .
W heat.
|
Oats,
Corn.
Barley.
ttys.
S&ifLlOOths BusJi.OOIhs, Bush.bSlbs Bush.AUbs BushASlbs Bu.56 lbs.
05,181
600.490
2,493,500
1,970,256
55.050
70,601
45.300
81,250
204,100
274,000
7,200
18,000
79,030
10,18151
74,083
30,277
3.093
4L.790
120.800)
4 67
87,800
1,260
418,157)
09,513
97,037
11,291
100,853
4,350
54,945
21,805
.... ...
24,840
3 7 ,7 ml
1 50,000
130,349
34,600
408,005
270,130
116,100
745
9,850
107,300
11,660
213,550
5,750
6 25,000
94,000
09,000
............
Tot.wfc,’ 98.
Sam e wfc/97.
3am e wk.'93.
•in c e A u y . 1.
J
J80S-.......
1897................
1396 ....... . ..
211,801
200:316
275.179
641,922
459.741
6.52,400
2,056,037
4,928,774
3,912.451
3,779.585
5,415,375
6.245,348
3,015,897
6,102,364
4,495,308
71,093
192,501
222,753
159.857
873,981
110,747
5,523,414
7,125.423
10,018,934 11,154,330
7.335.90 i 10.103*782
5,719,311
11,220,804
0.110,075
121,118
351,257
151,112
3 J0,810
050,202
252.080
: i s receipts o f i i m i i u i gram at the seaboard
weekended Aug, 18. ISIS, follow:
Flour,
bbh.
. ..
36.987
'P h ila d e lp h ia .......
3,030
18.000
2.471
...
W eek 1 3 9 7 ..........
303,0-0
W heat,
trash.
293,245
423.201
263,725
63.420
703.625
15,394
166.327
175.0D0
130.000
259.000
Corn,
bush.
104.260
H32.777
588,490
605,588
371.*17
00,83 4
49,011
1 10,0)0
34,285
2,000
Oats,
bush.
381,600
296.905
498.873
103,710
178,590
12.26 4
80,805
p o rts fo r
the
B arley,
b m h.
1,950
1,000
Bye,
bu sh .
39,975
950
800
800
41.209
870
3.750
83.158
88.704
300,21 8
4,000
2,503,437 2,357, U l 1,215,813
4,031.220 4.011,550 1.00 7.79 L
" R e c e ip t s d o not. in c lu d e vralu p n & titf throturn Mow O rle a n s f o r f o r e i g n
orts 0 0 th rou gh b ills o f I n d ia * .
THE
A ugust 2 0. 1898.J
T o t a l re c e ip ts a t p o r ts f r o m J a n . 1 to A u g
fo llo w s f o r f o u r y e a r s :
“
271.830,082
1890.
3,559,157
1 89 5.
9.539,977
34.510,224
114,811,780
47,103,744
7,090,897
5,814,115
32,240,800
48,907,278
40,948,185
4,74 7,427
:*1,909,038
20,174,309
25,386,306
24,515,350
1,440,324
230,824
209,330,701
...b u s h - 65,10?,485
..
“
133.087,427
..
“
01,415,977
..
•
•
3,048.067
"
9,226,120
R y e ........................... . .
T o t a l g r a i n . . , ..
13 c o m p a r e a s
1897.
10,201,555
1898.
* R e c e ip ts o f—
F l o u r ........................
C H R O N IC L E .
123,753,328
out sp e c ia l fe a tu r e .
D r e s s g e o d s c lo s > u n s e ttle d w ith the d e
m a n d c h e e k e d b y th e i m p e n li n g a n c ti j a sale o f 7 5,0 1 0 pieces
of the A r lin g t o n M i ll s ’ fa b r ic s .
Domestic C otton G oods .— T he exports of cotton goods
fr o m this port for the w eek ending A u g u s t 15 w ere 9 ,3 1 3
packages, valued at $ 3 1 3 ,7 3 4 , their destination being to the
points specified in the tables below :
71,7 53 ,41 3
Corn
bush.
F lou r,
bbls.
R ye,
bush.
Oats,
bush.
P o r t la n d ..
P h il a d e lp h ia ..
B a lt im o r e —
N e w O r le a n s ..
N o r fo lk ... .
N ew D ’ r t N e
M on trea l .
G a lv e s t o n .
151.374
148,353
33,910
•............
081,401
598,780
201,990
34.285
110,000
053,862
..............
'38.905
30,019
085
2,471
18.000
43,745
38.600
04,1 95
81,427
.......
.2,399,854 3,888,403
3,043,014 4,092,081
449 206
..............
270,009
851,728
255,429 1,329,357
50,145
115.343
502,892
59,252
59,112
S in c e J a n . 1.
W e ek .
S is ic e J a n . 1
21
, 9
7,810
250
48
143
85
122
474
281
2,276
786
116,491
9,656
23,21*2
8,846
9.257
2,763
4,616
31,769
12,8 i 9
219
34
4,932
312
Africa.......................................
West Indies.............................
Mexico.....................................
Central America....................
South Amerioa..... ................
Other Countries....... .............
9,107
11,000
r 34.034
i
202,987
130,000
175,000
223.077
48,002
3,201
2,275
94,754
5,372
16,199
13,637
9,154
2,148
5,351
31,886
3,219
Total..................................
China, via Vancouver*....
9,243
222,491
9,523
7,552
187,196
12,300
232,014
7,552
199,496
80,054
T h e d e stin a tio n o f th e se e x p o r ts f o r th e w e e k a n d s i n c e
S e p te m b e r 1 , 1897, is as b e lo w .
> ----------- Corn.----------- W h e a t . --------- ■ »
W eek
Since Sept.
W eek
Since Sept.
W eek
Since Sept.
E xports fo r
Aug. 13.
1, 1 89 7.
A u g. 13.
•week and since Aug. 13.
1,1897.
1 ,1 8 9 7 .
b u sh .
h u sh .
bush.
bush.
Sept. 1 t o bbls.
974.970 00,790,348 1,511,511 90.355,842
U nited K ingd om 1&5.P83
3,563
7,893
54,*59,703
871.297
1.375
2 ,700
1,087,359
2 ,1 8 7 .0 5 5 . 98,923,004
1,920
159.148
13,587
1,479.7S I
. ...
462,534
124,390
1,445,372
T o t a l ....................""270.0C 9
T o t a l 1 8«7 .............. 255,429
13,303.813 2.389,854 123.718,84 7
11.508,012 3,0 4 3,0 14 61,119.955
3 .838.463 192,825.037
4.092,081 103,0'.9,478
C o n t i n e n t ..............
S . & C. A m e r i c a .
W e s t In d ie s ........
16,025
B r. N . A m . C o lo ’s
O t h e r c o u n t r ie s ..
1,403,715
32,474
23.471
T h e v is ib le s u p p ly o f g r a in , o o m p n s m g th e s to o k s in
g r a n a r y a t t h e p r in c ip a l p o in t s o f a c c u m u la t io n a t la k e a n d
se ab o ard p o r ts. A a g . 13, 1898, w a s as f o l l o w s :
I n store at—
N e w Y o r k .......................
Do
a f lo a t ............
A lb a n y ..
B u ffa lo ..
Do
a flo a t ............
.
C h ic a g o .
Do
a f lo a t ..........
M i l w a u k e e ....................
Do
a f lo a t ............
.
D u lu t h ..
Do
a flo a t ..........
T o le d o
DO
a f lo a t ............
D e t r o it..
Do
a f lo a t ..........
O sw eg o.
•St. L o u is .
Do
afloat..
R y e.
b u sh .
32,000
B a rie v
b u sh .
5 .090
50,000
207.000
ii.o o o
103.000
0.150,000
485.000
122.000
1,012,000
28.009
11.000
1 42.00 k
240.000
lo i.o o o
4 0 .0 0 ’J
43,000
01.000
5 ,0 ' 0
10.000
140,000
203.000
O ats
bu sh .
1*24.000
484,000
C om ,
b ush.
043.000
20.000
75.000
424.000
485,900
W h e a t,
b u sh .
412,000
2.000
25 oon
553,000
Boston...............
Toronto..............
50.000
14.000
30.00C
8H.OOO
3. OCO
Peoria................
O n c a n a l a n d r iv e r . .
THE
10.900
008,000
6 l.OOT
70.000
0,000
10.900
101.000
21.000
8 ,0 0 0
34.000
33.000
. 1,100 000
34,000
3.500.000
1.402.000
1,043,000
40,000
113,000
9,000
10.017.000
17.920.000
18.507.000
18.760.000
4.293.000
3.081,000
3,3 5 2.uOU
0,H8",OOO
7 279,000
2,0*1,000
4 49,003
437.000
1.530.000
1 .590.000
304.000
GOODS
T h e v a lu e o f th e N e w Y e r k e x p o r ts f o r th e y e a r to d a te
has b een $ 7 ,7 7 0 ,4 1 3 in 1393 a g a in s t $ 7 ,3 3 6 ,3 3 6 in 1897.
S ale s o f b r o w n sh e e tin g s a n 1 d r ills h a v e been m e re g e n e ra l,
b u t th e re is s till a n a b se n c e o f la r g e tr a n s a c tio n s .
S to c k s d o
n o t a p p ea r to a c c n m n la te , h o w e v e r , a n d in a lt le a d in g m i k e 3
p ric es are m a in ta in e d .
S o m s j j'o o e rs h a v e b rok en th e p rice
o f le a d in g m a k e s o f b le a c h e d c o tto n s , b n t a g e n ts
m ake
no c h a n g e in q u o ta tio n s a n d h a v e sold
m o r e g o o d s th is
w e e k th a n f o r s o m 9 tim e p a st.
W id e
s h e e tin g s a n d
c o tto n fla n n e ls a n d b la n k e ts a ll q u i e ;.
P ric e s m a in
ta in e d . D e n im s in a c tiv e a n d e a s y .
T ic k s ir r e g u la r in
h ig h g r a d e s ; lo w q u a litie s s te a d y .
O th e r co a rse, co lo re d
e e tto n s in q u ie t d e m a n d a t p re v io u s p ric es. K i d fin ish ed
c a m b r ic s te n d in fa v o r o f b u y e r s
T n e d e m a n d f o r d a rk
fa n c y p rin ts is w e ll s u s ta in e d an d a lt lin e s are in g o o d sh ap e .
O th e r p rin ts are in a v e r a g e r e q u e s t w itn o a t c n i a g e in p ric e.
S ta p le a n d d a r k d re s s -s ty le g in g h a m s w e ll s o ld , a n d reord er
b u sin ess fa ir a t s te a d y prices.
D e m a n d fo r n e w s p r in g lin es
p ro m is in g w e ll.
P r in t c lo th s h a v e s o ld to a fa ir e x te n t on
th e b asis o f 3 c . f o r e x tr a s .
3,000
55,000
177.000
117.000
30,090
04,000
125.000
020.000
DRY
’ F rom N ew England m ill p oin ts direct.
*2 1 ,0 )6
I m p o r t a t lo iu a a l W a re h o u s e W ith d r a w a ls o fO r y G o o d a
15,0tA
T h e im p o r ta tio n s a n d w a r e h o u s e w ith d r a w a ls o f d r y g o o d s
a t th is p o r t fo r th e w e e k e n d in g A u g . 18, 1898, a n d sin ce
J a n u a r y 1, 189 8 , a n d f o r th e c o rr e s p o n d in g p erio d s o f last
y e a r are as f o l l o w s :
375.900
0.897,000
i.‘ 00
17.2V fl.000
.45,876,000
8&8V3.00C
P h il a d e lp h ia ........
Total..................................
158
226
>27
211
935
398
F oreign D ry G oods . — T h e r e h a s b e e n m o re g e n e ra l b u s i
ness d o in g fo r fa ll th a n o f la te .
B stc er g ra d e s o f fo r e ig n
d ress g o o d s in fa n c ie s in im p r o v e d d e m in d . S ilk s firm a n d
m o re d o in g . L in e n s a lso s h o w f u lle r sale s.
R ib b o n s , la c e s ,
h o s ie r y a n d u n d e r w e a r g e n e r a lly q u ie t.
M en’s -w e a r w o o le n s
in a c tiv e .
10.000
« ? 8 000
. *295.000
. 2.301.000
Montreal...........
9,000
8 0 .v .
i.o o o
C i n c i n n a t i.............
1897.
W e ek .
Great Britain..........................
Other European....................
China........................................
Peas,
bush.
85,378
60,140
1898.
N e w Y ork to A do . 15.
T h e e x p o r ts f r o m th e s e v e r a l s e a b o a r d p o r ts f o r *h e w e e k
e n d in g A u g . 1 3 ,1 8 9 8 , are s h o w n in t h e a n n e x e d S t a t e m e n t :
1,141,133
417,000
344,421
385
8.000
57,000
243.000
298.UD0
8 0 2 .0 f»
612.000
218,000
TRADE.
N e w Y o r k . F r i d a y , P . M . , A u g . 19, 1898,
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W oolen G oods. — T h e r e h as b e e n a g o o d a tte n d a n c e o f
b u y e r s in th e m a r k e t th is w e e k , b u t th e ir o p e ra tio n s ou tsid e
o f a f e w lin e s h a v e b e e n p u r e ly o f a sa m p le -p ie c e ch a ra cte r,
a n d th e a g g r e g a te b u sin e ss se cu re d in n e w w o o le n s an d
w o r s te d s f o r sp rin g f o r m e n ’s w e a r h as been u n sa tisfa c to r y .
C o m p a r e d w ith a y e a r a g o th e se a so n is d e c id e d ly b a c k
w a rd .
A n o c c a sio n a l a d v a n c e o f 5c. h a s b e e n re p orte d in
m e d iu m
g ra d e s o f C a saim eres, w b i ® i h a v e se c u re d th e
b e s t o f b u y e r s ’ a tte n tio n , b u t in o th e r d e sc rip tio n s o f b o th
p la in and fa n c y w o o le n s a n d w o rste d s th e m a r k e t is n o t a n y
m o re th a n ste a d y . T h e re o rd er b u sin e ss in h e a v y -w e ig h ts
a ls o h a s b te n q u ie te r th a n e x p e c te d . C o tto n -w a r p an d c o tto n
m ix e d g o o d s h a v e n o t so ld a n y b e tte r th a n p u re w o o l or
w o rsted fa b r ic s . O v e r c o a tin g s a n d c lo a k in g s are q u ie t w ith
E Zl
g
6,319
T h e g e n e r a l b u sin e ss in d r y g o o d s h as s h o w n fu r th e r e x
p a n s io n in v o lu m e th is w e e k , w ith th e h e a lth y fe a tu r e th a t
i t h a s c o m e fr o m th e in c re a se in b u y in g t o m e e t im m e d ia te
re q u ir e m e n ts ra th e r th a n f r o m a n y d e v e lo p m e n t o f a s p e c u la
tiv e c h a r a c te r .
T h e r e c a n be n o q u e stio n a b o u t th e d is tr i
b u tio n f r o m se co n d h a n d s b e in g e x c e lle n t in th e a g g r e g a t e or
t h a t w ith it fr e q u e n t re c o u rse to th e p r im a r y m a r k e t h a s
b een n e c e ssa r y . T h e s ty le o f b u sin e ss n o w in p ro g re ss is n o t
a lto g e th e r s a tis fa c to r y to a g e n ts w ith la r g e s e llin g c o n n e c
tio n s , a n d c o m p la in ts are h e a rd f r o m th e m o v e r th e ab sen c e
o f tr a n sa c tio n s o f co n sid e r a b le v o lu m e , b u t th e y s till re fra in
fr o m u n d u e e ffo r ts to fo rc e su p p lie s to sa le b y co n c e ssio n s in
p ric e .
T h e m a r k e t fo r r a w c o tto n is a “ b e a r” fa c to r in th e
s itu a tio n so f a r a s f o r w a r d b u sin e ss is c o n c e r n e d , th e m a
jo r i t y o f b u y e r s e v id e n tly c o u n tin g u p o n it as an aid to lo w e r
p u rc h a se s la te r o n . T h e p rin t c lo t h situ a tio n is u n c e r ta in .
A n o t h e r e ffo r t is b eiD g m a d e t o b r in g a b o u t c u r ta ilm e n t o f
p ro d u c tio n , b u t la te s t a d v ic e s are h a r d ly fa v o r a b le to its s u c
ce ss. T h e w o o le n g o o d s d iv isio n is s till d isa p p o in tin g in r e
s u lts , an d h a s been u n s e ttle d b y th e a n n o u n c e m e n t o f an
a u c tio n sa le to be h e ld W e d n e s d a y n e x t o f 7 5 ,C09 p iec es dres8
g o o d s.
i
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THE
886
8w s
and
C H R O N IC L E
City De?ai^ £N .
tm T
[Vol. LXVII.
Bond O hIIs and Redemptions.
Bellevue ( K y , ) S c h o o l D i s t r i c t .— Bond Call.— C . A .
P a tI z o ld , T re a s u r e r B o a rd o f E d u c a tio n , h a s c a lle d fo r p a y m e n t
a t th e N e w p o r t ( K y .) N a t io n a l L i n k on S e p te m b e r 1, 1898,
j b o n d s N o s . 6 an d 7.
T h e I nvestors’ S upplement w i ll be f u r n i s h e d without
D e n v e r , C o l.— Bond Call.—T h e C ity T re a s u r e r h a s ca lle d
extra charge to every annual subscriber of the Commercial
fo r p a y m e n t A u g u s t 8 1. 1898, th e fo llo w in g b o n d s :
TERMS OF SU BSCRIPTIO N .
Financial Chronicle.
State and City S upplement will also be furnished
Without extra charge to every subscriber of the CHRONICLE.
T h e Street R ailw ay S upplement will likewise be fur
n is h e d without extra charge to every subscriber o f the
and
The
Ch r o n ic le .
T h e Quotation S upplement, issued monthly, w ill also be
fu r n is h e d without extra charge t o every s u b s c r ib e r o f th e
C h r o n ic l e .
T E R M S fo r the C hronicle w it h t h e f o u r S u p p le m e n t s
a b o v e n a m e d a r e T e n D o lla r s w i t h i n t h e U n i t e d S t a t e s a n d
T w e lv e D o lla r s in E u r o p e , w h ic h in b o th c a s e s in c lu d e s
p o sta g e .
_____________
T e r m s o f A d v e r t i s i n g — ( P e r i n c h s p a c e .)
Transient m atter (each tim o)$3 50 I Three M onths (13 times) ..$ 2 5 00
sTASDtso business card s .
S ix m onths
(26 tim es).. 43 00
Two months (8 times)........ 18 00 I Twelve M onths (52 tim es). 58 00
Capitol H ill Bunitary Pew er D istrict No, 1, bon d s Nos, 104 to 166, b oth in c lu s iv e .
D ow ning A v t*. Bnftttur? Sow o r I>l*t. N o 4, bond* Nos. 13 to 15, bofcb Inclu sive.
N o rib p e n v cs^ a n U n rcS a w e r n is i. N o S, b o n d s Nos i S M o iU , both in clu sive ,
South Side Sanitary Sew er lu st. No. I, b >m\* Nos. 100to 108, b o th Inclu sive.
South Side Sanitary Sew er Diet. No,
Bond No, 2.
N ineteenth St. P a vin g Dint, No. 1, b m ds N os. 74 to 105, b oth in clu sive .
U p o n re q u e st fr o m th e h o ld e rs o f a n y o f th e a b o v e b o n d s
te n d a y s b e fo re tb e e x p ir a tio n o f th is c a ll, P a u l J. S o u r s , C ity
T re a su re r, w ill a r r a u g e fo r th e ir p a y m e n t a t t h e M e r c a n tile
T r u s t C o ., N e w Y o r k C it y , b u t n o t o th e r w is e .
I o w a .—Warrant Call.— S ta te T r e a s u r e r H a r r io tt h a s ca lle d
fo r p a y m e n t S e p te m b e r 13, 189 8 , S ta te W a r r a n t s N o s . 179 to
1428, Series “ D . ”
O g d e n , U t a h .— Bond Call.—' h e c it y h a s c a lle d fo r p a y
T
m e n t S e p te m b e r 1 5 , 1898, at th e office o f th e C it y T r e a s u r e r
on e h u n d re d $ 1 ,0 JO g e n e r a l im p r o v e m e n t b o n d s o f 1 8 8 8 , S erie s
N o . 1. S ec u rities are n u m b e r e d fr o m 1 t o 1 00, a n d are d a te d
J u ly 31, 1888. In te r e s t w ill cease o n S e p te m b e r 15, 1898.
S a l t L a k e C it y , U t a h .—
Bond Call.— G .
189 3 , $ 50 0 ,00 0 b o n d 3 issu e d in 188 8 .
B o s t o n , M a s s .— Tax Rate fo r 1S9S.— O n A u g u s t 17, 1898,
th e B o a r d o f P rin c ip a l A s s e s s o r s fix e d t h e c it y ta x ra te fo r
1S93-99 a t $ 1 3 CO, an in c r e a s e o f 60 c e n ts p e r $ 1 ,0 0 0 o v e r th e
r a te o f la s t y e a r .
T h e to ta l v a lu a t i o n o f ta x a b le p ro p e rty is
$ 1 ,0 3 6 ,0 6 3 ,1 9 4 , o f w h ic h $ 8 3 0 ,1 9 4 ,9 0 0 is r e a l a n d $ 2 0 5 ,3 6 3 ,1 9 1
is p e r s o n a l. T h e in c r e a se in re a l th is y e a r is $2(5,331,350.
T h e r e is a n e t d ec re a se in p e r so n a l o f $ 3 ,8 5 3 465.
C a l i f o r n i a .— Amendments to the State Constitution,— H o n .
J a m e s H . B n d d . G o v e r n o r , h a s issu e d a p r o c la m a tio n d e sig
n a t in g N o v e m b e r 8. 189 8 , f o r th e c itiz e n s o f th is S ta te to v o te
o n th e f o llo w in g a m e n d m e n ts to th e C o n s titu tio n o f th e S ta te
o f C a lifo r n ia :
A m e n d m e n t N u m b e r One, b e ing Se m ite C o n s titu tio n a l A m endm ent N o. 41 (e x
e m p tin g c e r t-if a c la im s ag a in st tbe c ity a n d c o u n ty o f Sun F ra n cisco , and tbe
e x is tin g in d eb ted n e ss o f th e c it y o f V a lle jo f o r tb e co n stru ct Ion o f n s w aterw o rts, fro m t h e p ro v is io n s o f th e C o n s titu tio n r e q u ir in g su ch c la im s to be
p a id fro m tb e in co m e an d re ve n u e s o f the y e a r iu w h ic h th e y w ere in cu rre d ).
A m e n d m e n t N u m b e r T w o . b e in g Se n ate C o n s titu tio n a l A m e n d m e n t No. 30
(p ro v id in g fo r fra m in g local co u n ty g o v e rn m e n t a c ts by in h a b ita n ts o f
co u n tie s lo r t h e ir g o ve rn m e n t).
A m e n d m e n t N u m b e r T h re e , b e ing S e n a te C o n s titu tio n a l A m e n d m e n t No, 44
t p ro v id in g fo r th e c rea tio n o f a C o u rt o f C la im s to d e te rm in e c la im s ag ain st
th e Sta te , and to co n sist o f th re e S u p e rio r Ju d g e s, d e sig n ate d by the G o v
e rn o r, lo s e rv e w ith o u t e x tr a com pe nsation).
A m e n d m e n t N u m b e r Fo u r, b e ing A s s e m b ly C o n s titu tio n a l A m e n d m e n t No.
87 (e x e m p tin g c o n s o lid a te d c itie s and counties* organ ised or to be organ
ized, o r h o ld in g a c h a rte r u n d e r th e C o n s titu tio n , fro m c e rta in le g islatio n
in re la tio n to c o u n tie s).
A m e n d m e n t N u m b e r F iv e , be ing A s s e m b ly C o n s titu tio n a l A m endm ent No. 86
(r e la tin g to office o f G o ve rn o r, p ro v id in g f o r su cce ssio n thereto in c erta in
eases und ia m o v in g d is a b ility o f L ie u te n a n t-G o v e r n o r lro m h o ld in g oth er
office d u rin g term >
.
A m e n d m e n t N u m be r S i x . b e in g A sse m b ly C o n s titu tio n a l A m e n d m e n t N o. 38
(re la tin g to and d e fin in g g ra m m a r s ch o o ls).
A m e n d m e n t N u m b e r Se ve n , b e in g A s s e m b ly C o n s titu tio n a l A m endm ent v o.
34 (p ro v id in g fo r a d jo u rn m e n t Of L e g is la tu r e fo r n o t le s s th a n th irty nor
m o re th a n s ix t y d a ys d u r in g e ach s e s s io n ).
H . B a c k m a n , C it y
R e c o r d e r , h a s c a lle d f o r p a y m e n t a t h is office o n S e p te m b e r 1,
In te r e s t w i ll
ce ase o n
S e p te m b e r 1.
The official notice o f this bond call will be found among
the advertisements elsewhere in this Department.
T o d d C o u n ty , M i n n .— Bonds Redeemed.— T b e c o u n t y b a s
re d ee m e d tb e la s t $9 000 o f th e b% r a ilr o a d -a id b o n d s , o r ig i
n a lly issu e d to tb e a m o u n t o f $ 3 0 ,4 0 0 .
Bond Proposals and Negotiations this
week have been as follows:
A k r o n , O h io .—Bond Offering. — P r o p o s a ls w ill b e r e c e iv e d
u n til in a . M ., S e p te m b e r 1 0. 1 8 9 8 , a t th e office o f tlie C it y
C le r k , C h a rles H . I s b e ll, fo r th e f o llo w in g c o u p o n b o n d i s s u e s :
$4,700 5% refunding bands, maturing $1,700 September 6, 1901, and $3,000
' September 0 , lmid.
15.700 5j5 Maple Street improvement bands, maturing on September 6, $2,000
in l& l. $2,000 in 1900, $2,000 in 1901, $33 O in I9u2, $8,000 in 1903,
M
O0
$<,700 iu 100J.
-j ,500 *p Sewer District No. 9, maturing on September 6, $1,5.00 in 18139, $1.1500
lit 1900, $!.?'<) *iti 19ul
45,000 ££ Sewer Districts Nos. 3, 4, 5 and 10, maturing on September 6, $9,000
yearly from 1899 to 19 i3, Inclusive
10.700 5% Crosby Street improvement, maturing $t,fl00on September 6 yearly
from IS > to 1903. inclusive: $ 1.500in 1904. $2,000ia L < , $2.200iu 1006.
9
u )5
£00
Crouse Street sewer, maturing September 6, $100 iu 1599, $200 m i960,
$ < i>m 1*01.
2
3,000 6£ Bittmau Street improvement, maturing on September 6, $500 yearly
from 1899 to 1902, inclusive, aud $1,000 in 1903.
A l l o f th e a b o v e b o n d s w ill b e a r d a te o f S e p te m b e r 6 , 189 8 ;
in terest w ill be p a y a b le se m i a n n u a lly a t t b e N a t io n a l P a r k
B a n k , N e w Y o r k C ity .
M r. I s b e ll w r ite s u s t h a t th e c i t y o f
A k r o n h as n e v e r d e fa u lte d in in t e r e s t or p r in c ip a l, and. th a t
th e le g a lity o f its b o n d s ba s n e v e r been q u e s tio n e d ,
A lb a n y , N . Y .—Date o f Sale Rot Yet Determined. — W e a r e
ad v ise d th a t tb e $ 5 0 ,0 0 0
B r o a d w a y w id e n in g b o n d s a n d
th e $ 15,000 3}.{% B e a v e r P a r k b o n d s ( fo u r th se rie s), w h ic h
w e r e re c e n tly a u th o r iz e d , w ill p r o b a b ly n o t b e o ffe r e d fo r sa le
u n t i l so m e tim e in O c to b e r o r N o v e m b e r , 1898.
Bonds Proposed.— W e are a d v is e d t h a t t h e is s u a n c e o f
$ 2 2 ,0 0 0 a d d itio n a l w a te r s u p p ly b o n d s is u n d e r c o n s id e r a tio n .
A l e x i s , 111 .—Bonds Authorized .— O n A u g u s t 1 , 1 8 9 3 , th e
v illa g e b o ard p a sse d an o rd in a n c e a u t h o r iz in g th e is s u a n c e o f
$ 3 ,0 0 0 b o n d s fo r th e p u rp o se o f s in k in g a w e ll to in c r e a s e th e
w a te r s u p r ly .
A m h e rs t, C o u n ty , Y a .—Bond Sale.— C . H . W h i t e & C o .,
N e w Y o r k , h a v e b e e n a w a r d e d $ 4 0 ,0 0 0 i}4% 2 0 -y e a r r e f u n d
in g b on d s, a t 101*36.
A n a c o n d a ( M o n t .) S c h o o l D i s t r i c t N o . 1 0 .— Bond Sale. —
F o llo w in g are th e b id s re c e iv e d a t a u c tio n A u g u s t 8 , 189 8 , f o r
th e $39,000 6$ c o u p o n b o n d s :
E l y r i a , O h io .— Bond Litigation.— A c c o r d in g to th e C le v e
la n d “ L e a d e r '5 o n A u g u s t 17, 1898, a p e titio n w a s filed in th e
C o m m o n P le a s C o u rt, to e n jo in th e Issu in g o f $ 15 0 ,0 0 0 w a te r
w o r k s b o n d s, b id s fo r w h ic h are ask e d u n t i l A u g u s t 24, 189
L a n c a s t e r . P a .— R e hearing o f Bond Case.— W e are ad v ised
th a t th e S u p re m e C o u r t d iffe re d re c e n tly in th e s u it to r e
s tr a in th e c ity officials fr o m is s u in g $ 4 2 ,0 0 0 b o n d s fo r th e r e
p a ir o f a b rok en r e se rv o ir .
T h e C o u r t h a s o r d e r e d an o th e r
a r g u m e n t , w h ic h w ill be h e ld a t P it t s b u r g on th e secon d
M o n d a y o f O c to b e r .
N e w Y o r k C i t y .—Outlying Bonds Declared Legal.—O n
A u g u s t 13, 1S98, th e C o rp o ra tio n C o u n s e l s e n t to th e C o m p
tr o lle r an a d d itio n a l lis t o f b o n d s w h ic h h a v e b e e n ap p ro ve d
b y sp e c ia l c o u n se l. S e c u ritie s a p p r o v e d are as fo llo w s :
T o w n o f Ja m a ic a , $450,000 ro a d bonds, dated A p r il 1,1807.
V illa g e o f F u r K o c k a w u y , $75,000 sew er bonds, dated F e b ru a ry 1,1806.
T o w n o f W e stfie ld , £35.000 -if. road bonds, dated > o v . ‘ 17, IfcPfi.
<
T o w n o f N ew tow n, U n io n F r e e Sch o o l D is t r ic t N o . a, $16,000 b onds, dated
J u l y L 1S97.
W e are a d v ised t h a t s o m e d o u b t w a s ra ise d a s to th e le g a l
it y o f th e J a m a ic a to w n b o n d s, fo r t b e re a son th a t th e T o w n
.
S u p e r v is o r f a ile d to g i v e a b o n d fo r th e p ro p e r d is c h a r g e o f A. ,T Davis, Butte.................. ♦|3-',600 |N. W. Harris & Co , Chicago— $30,2156
Henrv Filing & Co., Helena— 30,300 Denison. Prior & Co., Cleveland 30,200
h is d u tie s in c o lle c t in g an d d is b u r s in g th e m o n e y . H e u n -----.
H. B. Palmer & Co., Helena..... 30,200
q u e s tio n a b ly d id , h o w e v e r , c o lle c t th e m o n e y a n d p ro p e rly
* Bid received by mail and opened after the auction.
a c c o u n te d fo r it a ll.
It w a s c o n c lu d e d t h a t th e d e f e c t w as
T h is a u c tio n sa le w a s n o t f in a l, a n d c o n s e q u e n tly th e b o n d s
n o t a co n d itio n p re c e d e n t t o th e v a lid ity o f t b e b o n d s o r a w e r e n o t a w a r d e d . O n A u g u s t 11 th e fo llo w in g se a le d b id s
ju r is d ic tio n a l d e fe c t, a n d , fu r th e r m o r e , t h a t th e c it y o f N e w w e r e re ce iv ed and tb e b o n d s w ere a w a r d e d t o A . J . D a v is ,
Y o r k w o u ld b e e sto p p e d fr o m d e n y in g th e v a lid ity b y th e r e P re sid e n t o f th e F ir s t N a tio n a l B a n k , B u t te , a t 1 1 2 :
c it a ls in tb e b o n d s th a t a ll le g a l fo r m a litie s h ad b een c o m
Prcm/un
Premium.
.
p lie d w it h , at le a s t a fte r th e b o n d s w e r e in th e h a n d s o f a First National Bunk, Butte........$3,00 > Mason. 1 ewls & Co,, Chicago.... $1,600
Parson. L e a c h & Co., <bieago.... 2,500 I F. M. McKay, Chicago, .............
150
b o n a fid e h o ld e r f o r v a lu e .
W .j. Davos & S ms. Cleveland . 2.194 i Noel-Young Bond & Stock Co*
Tax Rate for 1S9S. — T h e F in a n c e C o m m itt e e o n A u g u s t 16, S. A. Kean. Chicagj................... 1.87* I 81. Louis (2J coin .)................. Par
B o n d s m a tu r e 20 y e a r s fr o m d a te o f is s u e , s u b je c t to c a ll
1898, re p o r te d to th e B oard o f A ld e r m e n a n o r d in a n c e p r o
v id in g fo r th e ta x ra te o f 1898.
T b e ra te w a s fix e d a t $ 20 10 a f t e r 10 ye a rs. F o r d e s c r ip tio n o f bo n d s see C h r o n i c l e J u ly
p e r $ 1 ,0 0 0 , a n d th e a m o u n t to b e ra ised $ 4 7 ,3 5 0 ,8 6 3 13, i n 2 3 .1 8 9 -V p. 189.
A r k a n s a s City. K a n .— Bonds Voted. — A t th e e le c tio n b a ld
c lu d in g $ 9 5 1 ,1 1 9 97 fo r deficie n cies.
S t . 1jO u ls ( o n n ty ( P . 0 . D u l u t h ) , M i n n .— Bonds Valid.— on A u g u s t 12, 1398, th e issu a n c e o f $ 9 5 ,0 0 0 o f b o n d s , th e p r o
O n A u g u s t 4, 1898. J u d g e M o e r h an d e d d o w n a d ec isio n in ce e d s o f th e sale o f w h ic h is to b e a p p lie d f o r tb e p u rc h a s e o f
The
f a v o r o f th e c o u n ty in th e ca se b r o u g h t b y th e c o u n ty to en- th e p la n t o f th e A rk a risa s C ity W a t e r C o , w as v o te d .
t h e p a y m e n t o f re a l e sta te ta x e s d e lin q u e n t la s t J a n - b o n d s as a u th o r iz e d w ill be in d e n o m in a tio n o f n o t le ss th a n
nary.
A m o n g th e q u e stio n s in v o lv e d w a s th e c la im on the $ 10 and n o t m o r e th a n $ 2 0 0 , to ru n n o t m o r e th a n 20 y e a r s , a n d
p a r t o f th e d e fe n d a n ts th a t th a t p a r t o f la s t y e a r ’s ta x le v ie d 1 to b e a r in te r e s t n o t to e x ce e d 6 . per a n n u m : in te r e s t w i l l b e
to p a y in te r e s t on th e M ille r tr u n k ro a d b o n d s w a s i n v a l i d ! p a y a b le s e m i-a n n u a lly a t th e F is c a l A g e n c y o f th e State o f
D a te o f sale is n o t d ec id e d u p o n .
b e c a u s e th e b o n d s w e r e n o t floated a t p a r , .Tndge M o e r fo u n d K a n s a s in N e w Y o r k C ity .
A t c h i s o n , K a n .—Bond Issue . - T h e K a n s a s C ity “ Star.'*
th a t t b e b o n d s w e r e sold a t p a r, th o u g h f o r g e t t in g rid o f
$ 1 4 0 ,0 0 0 in b o n d s th e c o u n ty p a id E . H , G a y & C o. $ 14 ,0 00 in a d isp atc h f r o m A tc h is o n d ate d A u g u s t i 3 , 1898, s a i d :
‘ E aste rn m o n e y le n d e rs w h o h o ld $ 1 9 2 ,0 0 0 in A tc h is o n b o n d s
f o r th e ir tr o u b le .
1.1
force
1
A ugust 20, 1888,J
THE
C H R O N IC L E .
w h ic h soon fa ll d u e h a r e e xp re sse d a w illin g n e ss to a c c e p t
th e n e w b o n d s at 4 4 , in s te a d o f th e 7 4 r a te w h ic h th e y are
n o w g iv e n .
T h is is c o n sid e r e d e v id e n c e o f r e tu r n in g c o n fi
d e n c e in K a n s a s s e c u r itie s .”
A t t l e b o r o , M a s s — Bonds Authorized..— T h is t o w n h as re
c e n tly a u th o r iz e d th e issu a n c e o f $ 1 8 ,0 0 4;£ g o ld w a te r b o n d s
a n d $ 2 0 ,0 0 0 44 r e fu n d in g w a te r b o n d s.
In te r e s t w i ll be p a y
a b le in g o ld a t th e B o sto n S a fe D e p o sit & T r u s t C o , B o sto n .
T h e $ 1 3 ,0 0 0 bo n ds w ill m a tu r e in J u ly , 192 8 , a n d th e $ 2 0 ,0 0 0
issu e in J a n u a r y , 1919.
D a te fo r th e sa le o f th e se se c u ritie s
h as n o t y e t b e e n d e te r m in e d u p o n .
A u g l a i z e C o u n ty , O h i o .— Bond Sale—O n A u g u s t 1 2 , 1898,
th e $ 1 8 ,0 0 0 5% b rid g e b o n d s w ere a w a r d e d to S e a so n g o o d &
M a y e r , C in c in n a ti, a t 1 09-81. F o llo w in g a r e th e b id s :
387
y e a r ly o n S e p te m b e r 15 f r o m 1899 to 190 6 , in c lu s iv e .
T h e se
b o n d s are issu e d p u rs u a n t to S e c tio n 10, A r t i c le 2 , T it le 8, o f
C o n solid ated S c h o o l L a w , a n d w e r e a u th o r iz e d b y a p o p u la r
v o te o f th e d is tr ic t.
C a r th a g e , M o .—Bonds Voted .— A t an e le c tio n h e ld A u g u s t
16, 1898, th e c ity v o te d in fa v o r o f r e fu n d in g $ 2 5 ,0 0 0 o u t
sta n d in g c o u r t h o u se b o n d s .
T h e v o te w a s 489 fo r to 61
a g a in st.
C h e s te r , P a .—Bonds Proposed.—A bi'.l h as b e e n in t r o
d u ce d in th e C o m m o n C o u n c il p r o v id in g fo r th e issu a n ce o f
$ 44,600 fu n d in g b o n d s a n d $ 3 5 ,4 0 0 r e fu n d in g b o n d s . N e w
b o n d s w ill b e in d e n o m in a tio n o f $50 0 a n d w ill m a tu r e 30
ye ars f r o m d a te o f issu e , s u b je c t t o c a ll a fte r 10 y e a r s. I n
te re st w ill b e p a y a b le s e m i-a n n u a lly a t th e ra te o f 44 a t th e
S eason good & M ayer. C in cin .$19,765 80 I Briggs, Sm ith & Co.. C incin. .$19,509 00 office o f ; th e C ity T r e a s u r e r .
U n d e r th e p ro v isio n s o f th e
R u d olp h K ieybt lie & Co.. Cm . 19,701 10 ! N ew First N ational Bank,
o rd in a n c e th e h o ld e rs o f th e b o n d s to b e r e fu n d e d w ill h a v e
C olu m bu s.................................. 19,185 00
W . J. H a yes & Sons, C le v e ... 1 9 /8 0 0 "
F arson, L ea ch A Co., C hicago 19,666 80 | A tlas N ational B ank, C incin. 19,252 20 th e r ig h t to su r re n d e r th e s a m e a n d re c e iv e in p a y m e n t a lik e
I f a u th o r iz e d , th e b o n d s w ill be
B o n d s m a tu r e $ 1 ,0 1 0 y e a r ly f r o m J u ly 1 , 1899, to J u ly 1, a m o u n t o f th e n e w b o n d s .
1916. F o r fu r th e r d e sc rip tio n of b o n d s see C hronicle A u g u s t offered fo r sa le a b o u t J a n u a r y 1, 1899, w e are ad v ise d .
C liillic o t iie , O h io .—Bond Sale. — O n A u g u s t 6 , 1898, th e
1 3 , 1898, p . 334.
B a r n e s b o r o , P a .— Bond Sale.— O n A u g u s t 1 5, 1898. th e $ 15 ,6 00 4 4 P a in t S tr e e t im p r o v e m e n t b o n d s a n d th e $ 7,4 0 0
$ 9 ,5 0 0 w a te r -w o r k s b o n d s w e r e a w a r d e d t o S . A . K e a n , S ec on d S tr e e t im p r o v e m e n t b o n d s w e re a w a r d e d to S.
C h ic a g o . S e c u ritie s m a tu r e 30 ye a rs fr o m d a te o f issu e , s u b K u h n & S o n s , C in c in n a ti, a t 100-90 a n d 1C0-7O, r e s p e c t
iv e ly , an d th e $675 3 -y e a r M a r k e t S tr e e t im p r o v e m e n t b o n d s
j e c t to c a ll a fte r 5 y e a r s.
F o l
B e l le f o n t a i n e , O h io .— Bond Election.— T h is c it y w i ll h o ld to th e C e n tr a l N a tio n a l B a n k , C h illic o th e , a t 1 0 0 '2 9 6 ,
lo w in g are th e b id s :
a n e le c tio n o n S e p te m b e r 3 , 1898, f o r th e p u rp o se o f v o tin g
; t ! 5 , 6 0 0 ..2 1 3 ,7 4 0 40
F or T ota l Issu es.
o n th e p ro p o sitio n t o issu e $ 1 0 ,0 0 0 64 fire e n g in e -h o u se b o n d s.
. K uhn & S o n s. . . . j
7,400.. 7,451 80. F e a s o n g o o d A M a y e r (ir r e g .) .$23,915 00
B e r m i d j i ( M i n n .) S c h o o l D i s t r i c t N o . 7 —Bond Sale.—
6 7 5 ..
676 80 F ir s t N a t . B a n k , C h i ll ic o t h e . 23,805 19
$ 1 5 ,60 0.. 15,675 00 R u d o lp h K le y b o lt e & C o .,C in . 23,736 50
T h e $ 8,0 0 0 s c h o o l b o n d s o f th is d is tr ic t h a v e b e e n sold to
7 ,1 0 0 .. 7,430 00 S. A . K e a n , C h lc a ; 'O -• ....'
C en tra l N a t . B a n k .
*
23 723 35
J e ffe rso n & K a s s o n , S t. P a u l, a t 102-50.
6 7 5 ..
677 00 L a m p r e c h t B r o s . C o., c i e v 'e ” 23^710 51
\Y. J . H a y e s A 8 o n s , C l e v e . . . 23,654 0 0
B i d d e f o r d , M e .— Temporary Loan.— T h e c it y h a s n e g o
tia te d a lo a n o f $ 1 5 ,0 0 0 w ith C u r tis & M o tle y , B o s to n .
N o te
F o r d e sc rip tio n o f b o n d s see C hronicle A u g . 6 , 189S, p . 285.
m a tu r e s O c to b e r 14. 1898.
C le v e la n d , O h io .—Bond Sale. — O n A u g u s t 1 5 , 1898, th e
B o n n e T e r r e ( M o .) S c h o o l D i s t r i c t .— Bond Sale—T h e $ 22 5 ,00 0 4 4 fu n d e d d e b t c o u p o n b o n d s w e r e a w a r d e d to
d is tr ic t h as so ld to th e T r o w b r id g e , M a c D o n a ld & N iv e r C o.
W h a n n & S c h ie s in g e r , N e w Y o r k , a t 106-517.
F o llo w in g are
c f C h ic a g o th e $ 2 0 ,1 0 0 62 b o n d s r e c e n tly re g is te r e d . S e c u r i th e b i d s :
tie s are in d e n o m in a tio n o f $ 1 ,0 0 0 a n d m a tu r e o n e b o n d W h a n n A S c h i e s i n g e r ................. K 8*517 I D e n is o n . P r i o r A C o , C l e v e l a n d .106*00
A d a m s A C o ., B o s t " U ................1 0 6 * 4 4
L a m p r e c h t B r o s . C o., C le v e la n d . 105*27
y e a r ly o n F e b r u a r y 1 fr o m 1899 to 1918.
B la k e B r o s . A C o ., B o s t o n ........... 106*4 2 I W . J . H a y e s A S o n s, C l e v e l a n d .. . 104*49
B r e c k i n r i d g e ( T o w n ) , C o l. —Further Details Regarding E s ta b r o o k A C o , B o s t o n ............ 106*22 . S e a s o n g o o d A M a y e r, C in cin n a ti.1 0 4 ’42
N. W . H a r r is A C o .. N e w Y o r k . .106*16 I A t l a s N a t. B a n k , C in c in n a t i..........104*10
Bonds.— W e are a d v ise d th a t th e $ 2 5 ,0 0 0 o f w a te r-w o rk s
P rin c ip a l w ill m a tu r e O c to b e r 1, 1908.
F o r d e s c rip tio n o f
b o n d s w h ic h w e re r e c e n tly v o te d w ill b e a r 64 in te r e st, p a y
bonds see C hronicle J u ly 2 , 1898, p . 40.
a b le M a r c h 1 a n d S e p te m b e r 1 a t th e office o f th e T o w n
C o lu m b i a , S . C .— Bond Issue Being Considered.— W e are
T re a s u r e r.
S e c u ritie s w ill b e in d e n o m in a tio n o f $5C0, d ate d
in fo r m e d b y C h a s. C . W ils o n , C it y E n g in e e r , th a t th e c ity
S e p te m b e r 1, 1898, an d p rin c ip a l w ill m a tu r e S e p te m b e r 1,
has u n d e r c o n sid e ra tio n th e issu a n ce o f w a te r -w o r k s an d
191 3 , s u b je c t to c a ll a fte r S e p te m b e r 1, 1908. D a te o f sale
se w e ra ge b o n d s , b u t th e p r o je c t is n o t y e t su ffic ie n tly d e
h a s n o t been d e te r m in e d .
v e lop e d fo r h im t o b e a b le to g i v e o u t a n y d e ta ils fo r p u b
B r i s t o l C o u n ty ( P . O. T a u n t o n ) , M a s s .— Bond Sale.— O n
lic a tio n .
A u g u s t 18, 1898, th e $ 7 0 ,0 0 0 44 n o te s w e r e a w a r d e d to J o se,
C o lu m b u s , M i s s . — Proposed Refunding Bond Issue.— l a
P a r k e r & C o ., B o s to n , a t 101-963.
F o llo w i n g are th e b id s :
1882 th e c it y is s u e d $ 1 0 0 ,0 0 0 6,4 2 0 -y e a r ra ilro a d -a id b o n d s.
J o s e , P a rte r * Co.. B o s t o n ....... lo ro tfs . C it? o f Fall R iver (1802)................102-90
B
—lodget, M erritt A Co~ B oston . 101*55
....................
f(lSil9)..10O-6t T h e le g a lity o f th ese b o n d s w a s s u b s e q u e n tly q u e stio n e d , b u t
R. L. Day A Co.. B s to n ............... 101*547 D. W . H ow land, B oston ! (l!>00)..10,-26 th e c o u rts d e te r m in e d th a t th e y w ere a v a lid o b lig a tio n .
A dam s AC n.. B o s t o n ....
i (1901)..101'8I
.......101*415
City o f F all R iver (1901)............101*98
( (1902)..102*12 U n d e r th e la w a u t h o r iz in g th e b o n d s , th e c it y sh o u ld h a v e
B o n d s m a tu r e $ 1 0 ,0 0 0 A u g u s t 19, 189 9 , a n d $ 2 0 ,0 0 0 y e a r ly e stab lish ed a s in k in g f u n d in 1892, b u t th e a d m in is tr a tio n at
th e r e a fte r .
F o r f u r th e r d e sc rip tio n o f b o n d s see Chronicle th a t tim e a n d e a c h s u c c e e d in g a d m in is tr a tio n , a c c o r d in g to
ihe C o lu m b u s “ D is p a tc h ,” ig n o re d th e la w . C o l. H u m p h r ie s ,
A u g u s t 13, 1898, p. 335.
th e p re sen t M a y o r , i t is s ta te d , is n o w n e g o tia tin g w ith E a s t
B u f f a l o , N. Y.— Bonds Authorized and Awarded.—T h e
B o a rd o f A ld e r m e n h as passed a re so lu tio n to r e fu n d the ern c a p ita lis ts w it h a v ie w to r e fu n d in g th e b o n d s a t 4 4 i n
$ 5 0 ,0 0 0 54 w a te r b o n d s m a tu r in g S ep t. 2, 1898, b y a lik e te re st.
C o m m e r c e ( T e x a s ) S c h o o l D i s t r i c t .— Bond S .le. — T h is
a m o u n t o f 3$£ p e r c e n ts S e c u ritie s w e r e a ssig n e d to the P a r k
B o n d R e d e m p tio n F u n d as an in v e s tm e n t.
B o n d s are d ate d d is tr ic t has s o ld th e $ 7 ,0 0 0 o f b o n d s w a io h w ere re c e n tly ap
p ro ved b y th e A tto n e y -G e n e r a l.
S e p te m b e r 2 , 189 8 ; in te r e st w ill be p a y a b le M a r c h 2 an d S ep t
C o n c o r d , M a s s .— Bond Sale.— A d a m s & C o ., B o s to n , h a v e
e m b e r 2 a t th e C it y C o m p tr o lle r ’s office.
P r in c ip a l m a tu re s
o n e -tw e n tie th y e a r ly on S e p te m b e r 2 f r o m 1899 to 1918, in been a w a r d e d $ 7 0 ,0 0 0 4 4 3 0 -y e a r se w e r b o n d s, a t 113 08. F o l
lo w in g are th e b id s :
c lu s iv e .
A dam - A Co., B o
113*08 G eo.
Fernald
Co , B o sto n .
C a i r o , 111.— Bond Offering.— P r o p o s a ls are a sk e d fo r th e Lee, H iggin s >n Asto n ....................112*872 I|R. L*.A . ay A Co.,AB"8ton...............112*07
Co., B oston ..
D
111*837
p u rc h a se o f $ 2 6 ,0 0 0 6,4 c o u p o n a n tic ip a tio n w a rra n ts.
T h e B lodget, M erritt A Co., B oston. .1 >2*53 E stabrook A Co., B o s to n ............. 111*59
Blake Bros. A Co.. B o s to n ...........112*26 l
w a r r a n ts w ill he re d e e m a b le $ 1 3 ,0 0 J u ly 1, 1900, an d $ 13 ,0 00
C o u n c il IJ ln ffs, I o i v a .— R o a d Offering.—P ro p o sa ls w ill he
J u l y ! , 1901. T h e se w a r r a n ts are issu e d u n d e r an d by a u
th o r it y o f th e L a w s o f Illin o is , e n a c te d b y th e S ta te L e g is re ce iv ed u n til 12 M. S e p te m b e r 5, 1898, by W . B . R e e d , C ity
la tu r e an d a p p ro v e d J u n e 11, 1897, a n d w e r e v o te d a t the T re a s u r e r, fo r $ 3 0 ,0 0 V l't r e fu n d in g b an d s. S e c u ritie s w ill
e le c tio n h e ld o n O c to b e r 1 , 1897.
In te r e s t w ill be p ay ab le be in d e n o m in a tio n o f $500, d a te d O c to b e r 1, 1898; in te r e st
w ill be p a y a b le A p r il 1 a n d O c t. 1 a t th e N a tio n a l P a r k B a n k ,
J u ly 1.
B id s w ill b e re c e iv e d at a n y tim e .
P rin c ip a l w ill m a tu r e O c to b e r 1 ,1 9 1 8 , s u b
C a ld w e l l C o u n ty ( P . 0 . L o c k h a r t ) , T e x a s .— B o n d Sale.— N e w Y o r k C ity .
E a c h b id m u s t be a c c o m
T h e C o m m issio n e r s’ C j u r t h a s a w a r d e d to a C h ic a g o house je c t to c a ll a fte r O c to b e r 1, 1903.
p an ied b y a ce rtifie d c h e c k in th e s u m o f $ 3 ( 0 , p a y a b le to W .
$ 7 0 ,( 0 0 54 r e fu n d in g c o u rt h o u se a n d b r id g e b o n d s a t 1 0 0 -2 :4
C a m b r i d g e . M a s s . — Bond Sale.— O n A u g u s t 18, 1898, B . R e e d , C it y T re a s u r e r, a n d e a c h b id m u s t lie fre e fr o m all
co n d itio n s as to its b e in g s u b je c t to a p p ro v a l o f a tto rn e y s ’
W h a n n & S c h ie sin g e r , N e w Y o r k , w ere a w a r d e d th e f o llo w
o p in io n s, e t c ., a c c o r d in g to th e c it y ’ s d es c rip tiv e c ir c u la r
in g b o n d s a t 107 -5 1 7:
no d e fa u lt h as e v e r b e e n m a d e in p a y m e n t o f b o n d s or in t e r
(5G.C00 3VA t°-y e a r P ark Joan.
(1 4 0 ,0 0 0
2<>-year r c h o o l-h o u .s e loa n ,
50,000
4 0 -y e a r C h u r le s R i v e r im
e st b y th is c it y , a n d th e re is n o litig a tio n p e n d in g or th r e a t
10,000
1 5 -y e a r C la y -la n d lo a n .
p r o v e m e n t bon ds.
ened a ffe c tin g th e issu e .
B o n d s are issu ed p u rs u a n t w ith
F o llo w i n g are th e b id s :
C h a p te r 9 05. C o d e o f I o w a o f 1897, a n d w e re a u th orized b y
F o r the T ,t a l A m o u n t.
re s o lu tio n o f th e C ity C o u n c il p assed A u g u s t 1, 1898.
W h a n n A S c h ie s in g e r , N. Y ..
.107*517 I M a s o n , L e w i s
C o . . B o s t o n . . .1 0 0 * 9 2 '
C u m b e r la n d C o u n ty , He.—Bond Sale—T h e c o u n ty has
D o n scorn b A J e n u is o n , N . Y
.10 7 *35
N . \V. H a r r i s A C o .. N e w Y o r k . .106*^46
E . H . R o llin s A S o n , B o s t o n .
.1 0 7 0 2 1
aw a rd ed to th e P o r tla n d T r u s t C o. a t 102-575 $ 1 8 ,0 0 0 44 la n d
(1 0 0 ,0 0 0
$ 1 4 0 ,0 0 0
( 1 0 , COO
d a m a g e b o n d s.
P a r k a n a Im p .
School.
'lay L on d .
C u m b e r la n d , M d .— Temporary Loan — T h e c it y h a s b o r
B lo d g e f. M e r r it t A C o ., B o s t o n .................. ......... H 9 * < 8
104 63
11*6*22
A d a m s A C o ., B o s t o n ...............
........
108*33
101*35
105*46
ro w e d $ 8 ,0 0 0 to re tire lo a n s m a tu r in g $ 5 ,(0 0 A u g u s t 7 and
M a son , L e w is A C o ., B o s t o n ..
101*03
105*73
$ 3 ,0 ( 0 A u g u s t 9 , 1898.
B e r tro n a S to rr s , N o w Y o r k ..
......... 108*285
10**21
105 *27 2
Henry F Dow, M D.............
.
.
103*25
D a n v e r s ( T o w n ) , M a s s .— Bonds Authorized.—Bond Sale.—
L e e , H »g g i'n * o n A C o ., B oa t »n
103*825
____ 107*857
K 5*017
T h is to w n re c e n tly a u th o r iz e d th e issu a n ce o f $ 23 ,0 00 44 sch o ol
R . L . D a r A C o.. B o s t o n .........
1 ' 4*19T
105 *19 7
E s t a b r o o k A C o ., B o s t o n ........
104*.) 1
106*47
an d $ 5 ,5 0 0 44 e le c tric lig h t b o n d s.
T h e sc h o o l bo n d s w ill
m a tu re $ 1,5 0 0 y e a r ly fr o m 1900 to 1905, in c lu siv e , an d $1,000
B o n d s are in d e n o m in a tio n o f $ 1 0 ,0 0 0 , d a te d A u g u s t 1, 1898
y e arly f r o m 1906 to 1919, in c lu siv e .
T h e e le c tr ic -lig h t bonds
In te re st w ill be p a y a b le se m i a n n u a lly b y ch e e k.
w ill m a tu r e in 1928. In te re s t on b o th issu es w ill be p a y a b le
C a m d e n S c h o o l D i s t r i c t N o . 1 ( P . 0 . C a m d e n ), O n e id a
C o n n t y , N . Y .—Bond Offering. — O n A u g u s t 23, 1898, a t 3 p. in B iston. M r , A . P . L e a r o y d , T o w n T re a su re r, w rite s us
th a t he h as s o ld *1 0 ,0 0 0 o f th e sch o ol b o n d s to th e D a n v e rs
M ., th e B o ard o f T r u ste e s, a t th e office o f A . C . W o o d r u f f ,
W a t e r L o a n S in k in g F u n d , and th a t it is n o t y e t d e te r m in e d
S e c r e ta r y , w ill se ll $ 8,0 0 0 44 bo n ds o f th is d is tr ic t. S e c u r i
tie s w ill b e in d e n o m in a tio n o f $50 0 , d a te d S ep te m b e r 15, w h en th e o th e r b o n d s w i ll be offered fo r sale.
D o u g la s C o u n ty ( W a s h .) S c h o o l D i s t r i c t N o . 3 8 — Bond
1 8 9 8 ; in te re st w ill be pay a W e on S e p te m b e r 15 a t th e F irsl
Sale.—A d isp a tc h fr o m O ly m p ia to th e S e a ttle “ P o s t I n te lliN a tio n a l B a n k o f C a m d e n .
P rin c ip a l w i ll m a tu r e $ 1 ,0 ( 0
38 8
THE
C H R O N IC L E .
g e n c e r .” d ate d A u g u s t 5 ,1 8 0 3 , sta te d th a t th e S ta te B o a rd o f
L a n d C o m m issio n e r s p u rc h a se d $35 0 b o n d s o f th is d istrict.
D u l u t h , l l i n n . — Bonds Awarded.—On A u g u s t 10, 1898, th e
C ity C o u n c il a w a r d e d to E . H . ( l a y & C o ., B o s to n , th e $ 8 0 0 ,0 0 0 I t 3 0 -y e a r g o ld w a te r and lig h t b o n d s, th e c it y a g r e e in g to
p ay th e B o sto n firm $ 3 1 ,0 0 0 fo r c o m m is s io n an d e xp en se s.
D u n m o r e ( P a . ) S c h o o l D i s t r i c t .— Bond Offering.— P r o
p o sa ls w ill b e re c e iv e d u n til 8 1'. m . A u g u s t 2 5 , 1898, f o r $5,0 0 0
■1; sc h o o l b o n d s.
In te re st w ill be p a y a b le M a r c h 1 a n d S e p
te m b e r 1 in D n m n o r e a n d th e p rin c ip a l w ill m a tu r e in 1912.
J . B . B ro n so n is th e S e c re ta ry o f t h e B o a rd o f E d u c a tio n .
E lb o w L a k e ( V i l l a g e ) , G r a n t C o u n ty , M i n n .— Bond Offer
ing.—P ro p o sa ls w ill b e r e c e iv e d u n til 7 :3 0 r m ., A u g u s t 29,
1
b y th e V illa g e C o u n c il, at th e office o f W . E . L a n d e e n e ,
V illa g e R e c o r d e r , f o r $ 1 ,0 0 0 o f w a te r -w o r k s b o n d s . S e c u ritie s
are d ate d S ep t, 1, 189$. I n te r e st w ill be p a y a b le a n n u a lly ,
a n d th e p r in c ip a l w ill m a tu r e $50 0 y e a r ly o n S e p te m b e r 1
fr o m 1 9 0 8 to 1915, in c lu s iv e .
Fay e t t e C o u n ty , K y .— Bond Election.— T h e C o u n ty F is c a l
C o u rt h a s o rd ered a n e le c tio n to b e h e ld in N o v e m b e r to v o te
o n th e q u e stio n o f is s u in g $ 1 0 0 ,0 0 0 H b o n d s to r e b u ild th e
co u rth o u se ,
F i n d l a y , O h io .— R o a d Sale. — A n issu e o f 6% b o n d s a m o u n t
in g in th e a g g r e g a te to $ 1 ,3 0 9 , in d e n o m in a tio n o f $ 2 6 0 , h a v e
b een so ld t o th e C ity G a s T r u s te e s .
S e c u r itie s are issu e d on
a c c o u n t o f M a p le A v e n u e M a c a d a m im p r o v e m e n t.
In te re st
w ill b e p a y a b le se m i a u n u a lly , a n d th e p r in c ip a l w ill m a tu r e
$26 0 o n A u g u s t 1 y e a r ly fr o m 1899 to 199 3 , in c lu s iv e .
F r e m o n t . O h io .— Bond Sale.— O n A u g u s t 1 5 , 189 8 , th e
$ 1 6 ,0 0 0 41 H a y e s A v e n u e im p r o v e m e n t b o n d s w e r e a w a r d e d to
th e C r o g h a n b a n k o f F r e m o n t a t 1 00 -5 0 a n d th e $ 3 ,0 0 0 4%
N a p o le o n S tr e e t im p r o v e m e n t b o n d s to th e F r e m o n t S a v in g s
B a n k a t 101 -3 6 7.
F o llo w in e are th e b id s :
O w r tu u iU l-.o f Frem ont (*lil,ooouiK)-an i First Nat. B k.. F rem ont (S3,000)100-733
C r o g h a n Ilk . o f F r e m o n t l HI,OOO). 100-60
F re m o n t Sa t . B on k (fS .000)......... 101*061
R . K le y b o lt e * C o . (S10.0W I)........100-21
T h e H a y e s A v e n n e b o n d s m a tu r e A p r il 1, 190 9 , s u b je c t to
c a ll $80 0 e a c h s ix m o n th s a f t e r A p r i l 1, 1899.
T h e N a p o le o n
S tr e e t b o n d s m a tu r e $25 0 e v e ry s ix m o n th s f r o m A p r il 1 ,1 8 9 9 ,
t o O c to b e r . 1 ,1 9 0 4 .
F o r fu r th e r d e sc rip tio n o f b o n d s see
C h r o n i c l e J u ly 3 0 , 1898, p . 240.
G a l e s v l l l e , \Yis.—Bonds Voted.—A t a sp ec ial e le c tio n h e ld
re c e n tly th e q n e s tio n o f is s u in g $ 5,0 0 0 w a te r -w o r k s b o n d s
w a s o v e r w h e lm in g ly c a rrie d in fa v o r o f th e b o n d s.
G e n e s e o , N . T .—Bonds Voted.— T h is v illa g e h a s re c e n tly
v o te d to is su e $ 8 ,0 0 0 o f b o n d s f o r th e p u rc h a se o f tw o n e w
p u m p s.
D e ta ils o f th e issu e are n o t y e t s e ttle d .
M r. W . W .
K illip , V i l la g e T r e a su r e r , w rite s u s th a t o f th e th r e e W a t e r
C o m m is s io n e r s o n e is a t th e P h ilip p in e Isla n d s a n d one a t
P o r to R ic o , a n d t h a t th e a c tin g o n e w i ll d o li t t le or n o th in g
u n til on e or b o th o f th e oth ers r e tu r n .
G l o n s t e r , O h io .— Bond Sole,— A n issu e o f $ 1 2 ,0 0 0 5% w a te r
b o n d s , i t is re p o rte d , h a s b e e n a w a r d e d to B r ig g s , S m ith &
C o ., C in c in ria ti, a t 106-50.
G r a h a m C o u n ty . K a n .— Bond Issue.— W e ta k e th e fo llo w
in g d isp a tc h fr o m T o p e k a f r o m th e K a n s a s C it y " S t a r ” o f
A u g u s t 9 ,1 8 9 8 : “ T h e G r a h a m C o u n ty b o n d s w h ic h h a v e
ca u se d so m u c h tr o u b le fo r th e C o m m issio n e r s o f th e P e r
m a n e n t S c h o o l F u n d h a v e a t la s t fo u n d a r e s tin g p la c e u n
le s s s o m e th in g u n e x p e c te d h a p p e n s.
T h e C o m m issio n e r s
b o u g h t th e m o n c e fo r fa c e v a lu e , b u t T re a su r e r H e fle b o w e r
r e fu s e d to p a y fo r th e m a n d th e S u p r e m e C o u r t in r e f u s in g a
w r it o f m a n d a m u s a g a in s t h im said ‘ U n c le D a v e ’ w a s r ig h t.
A fe w w e e k s la te r th e C o m m issio n e r s a g re e d to p a y 87 c e n ts
o n th e d o lla r fo r th e m , b u t H e fle b o w e r sto p p e d th e sa le and
a n o th e r a p p e a l w a s m a d e to th e S u p r e m e C o u rt. T h e se con d
ca se h a s n o t b een d isp ose d o f .
A f e w d ay s a g o o n e o f th e
b a n k s o f G r a h a m C o u n ty w r o t e J o h n W . B r e id e n th a l th a t it
h a d m o n e y to lend th a t n o b o d y w h o c o u ld g iv e g o o d se c u r ity
se e m e d to w a n t.
B r e id e n th a l s u g g e s te d th a t th e b a n k b u y
c o u n ty b o n d s.
T h e b a n k h a s ta k e n ste p s to w a r d b u y in g th e
d is p u te d b o n d s. T h e y h a v e a f a c e v a lu e o t $ 1 0 ,0 0 0 .”
See
Chronicle, J a n u a r y 8 ,1 8 9 8 .
H a s t i n g s , N e b .— Bond Offering.—P r o p o s a ls w ill b e r e
c e iv e d u n til 12 Ji. ( “ su n t i m e ") S e p te m b e r 12, 1898, b y E . A .
F r a n c is , C ity C le r k , f o r th e f o llo w in g r e fu n d in g b a n d s :
fVon LXVII.
b o n d s . S e c u ritie s are in d e n o m in a tio n o f $ 1 ,0 0 0 .
In te re st
w ill be p a y a b le J a n u a r y 1 a n d J u ly 1, an d th e p rin c ip a l w ill
m a tu r e $ 2,0 0 0 y e a r ly on J a n u a r y 1, fr o m 1899 to 1938, in c lu
s iv e . A ce rtified c h e c k fo r 2jf o f th e a m o u n t o f e a c h b id ,
p a y a b le to th e P re s id e n t o f th e B o a r d o f T r u s te e s o f H e a ld s b u r g . m u s t a c c o m p a n y e a c h b id .
J e ffe r s o n ( W i s .) S c h o o l D i s t r i c t . — N o Bond Issue.—I t h a s
b e e n rep orted in o n e o f th e p ap ers t h a t $ 5 ,0 0 0 o f s c h o o l b o n d s
w e r e re c e n tly a u th o r iz e d .
T h e S e c r e ta r y o f th e B o a rd o f
E d u c a tio n w rite s n s th a t th e y a r e n e ith e r b u ild in g a s c h o o l
h o u se n o r is s u in g a n y b o n d s .
J e r s e y C it y , N . J .— Botid Sale.— A t a s p e c ia l m e e tin g o f
th e B o a rd o f F in a n c e h e ld A u g u s t 8 , 1898, $ 1 0 0 ,0 0 0 4% 2 0 -y e a r
g o ld sch ool b o n d s w e r e a w a r d e d to E . H . R o llin s & S o n s,
B o s to n , a t 104-54. A lik e a m o u n t o f 8 0 -y e a r b o n d s w e r e
a w a r d e d to E . H . R o llin s & S on s o n J u n e i s , 189 8 , b u t w e r e
r e fu s e d b y th a t firm o w in g to s o m e q n e s tio n as to th e le g a lity
o f th e issu e. T h e b o n d s j u s t a w a r d e d are is s u e d u n d e r a la w
p assed F e b r u a r y 2 4 , 1898, w h ic h p r o v id e s f o r 2 0 -y e a r b o n d s ;
h e n ce th e c h a n g e in th e d a te o f m a tu r ity .
S e c u r itie s a r e in
d e n o m in a tio n o f $ 1 ,0 0 0 , d a te d A u g u s t i , 1898.
I n te r e s t w ill
b e p a y a b le F e b r u a r y 1 a n d A u g u s t 1, a n d th e p r in c ip a l w i ll
m a tu r e A n g u s t 1 ,1 9 1 8 .
L a c q u i P a r l e C o u n t y ( P . 0. M a d i s o n ) , M i n n .— Bond
Election.— A n e le c tio n w ill b e h e ld n e x t N o v e m b e r t o v o te o n
th e q u e stio n o f is s u in g c o u r t h o u s e b o n d s .
L a n c a s t e r , P a .— Bonds Proposed.— T h e q u e s tio n o f is s u in g
$ 2 5 0 ,0 0 0 w ate r b o n d s is u n d e r c o n s id e r a tio n . M r . B . S . S m e lt z ,
C it y C le rk , w rite s u s t h a t n o t h in g d efin ite w ill be d o n e in
th is m a tte r u n t i l a f t e r th e N o v e m b e r e le c tio n .
L a P l a t a , M o .— No Bond Issue — W e are a d v is e d t h a t th is
t o w n is n o t c o n te m p la tin g th e is s u a n c e o f a n y b o n d s . N e w s
p a p e r rep orts h a d it t h a t $ 4 0 ,0 0 0 w a te r -w o r k s b o n d s h a d b een
re c e n tly a u th o r iz e d .
L a u r iu m ( T i l l a g e ) . M i c h .— Bonds Authorized.— T h is v i l
la g e h as re c e n tly a u th o r iz e d th e is s u a n c e o f $ 1 5 ,0 0 0 b o n d s f o r
w a te r pipe e x te n s io n a n d $ 3 5 ,0 0 0 se w e r b o n d s.
T h e s e c u r i
tie s w ill p ro b a b ly b e a r 5% in te r e s t, p a y a b le s e m i-a n n u a lly a t
S ta te S a v in g s B a n k , L a u r iu m .
I t is a ls o p r o b a b le th a t th e
w a te r bo n d s w ill ru n f o r 20 y e a r s , s u b je c t t o c a ll a fte r 10
y e a r s , a n d th e se w e r b o n d s m a y r u n f o r 30 y e a r s , s u b je c t to
c a ll a fte r 15 y e a r s.
T h e w a te r b o n d s , w e are a d v is e d , m a y b e
s o ld in O c to b e r o r N o v e m b e r n e x t , b u t th e se w e r b o n d s w ill
p r o b a b ly n o t b e s o ld u n t i l J a n u a r y o r F e b r u a r y , 1 8 9 9 , to b e
d e liv e re d th e fo llo w in g M a y .
L a w t o n ( V i l l a g e ) , M i d i . — Bonds Not Authorized.— I t h a s
been re p o rte d th a t a n issu e o f w a te r -w o r k s b o n d s h a s b e e n
a u th o r iz e d , b u t th e V i l la g e T r e a s u r e r in f o r m s us t h a t th e
b o n d p ro p o sitio n f a ile d to c a rr y a t th e re c e n t e le c tio n .
L i t t l e F a l l s , N . Y .— Bond Sale .— O n A u g u s t 15, 1 8 9 8 , th e
$ 6 5 ,0 0 9
sc h o o l b o n d s w e r e a w a r d e d to R . B . S m it h &
G o ., N e w Y o r k , a t 1 02 -4 6 . F o llo w in g are th e b id s :
R . B . S m ith & Co . N ew Y o r k ...1 0 2 ’46 I B e n w e ll & E v e r it t , New Y o r k .. . 101*14
N . W . H a r r is & Co.. New Y o r k . ,102*437 J . A . C a n tw e ll, U t ic a .....................101*02
B e rtro n k Sto rrs, N ew Y o r k .. . 102*20 I W . J . H a y e s k Sons, B o sto n — 100*74
Sta te Com otroUer. A lb a n y . . . . .102*00 j E . C . J o n e s k Co , New Y o r k — 100*576
R u d o lp h K le y b o lte k C o., N Y . 101*530 S. A . K e a n , C h ic a g o ............ ..100 00
Is a a c \Y . Sh e rrill, P o u g h ke e p sie . 101'515 1
P rin c ip a l w ill m a tn r e $ 2 ,0 0 0 y e a r ly on J u ly 1 , f r o m 1903 to
1935, inclusive. For description of bonds see C hronicle
A ugust 6, 1898, p. 286.
L o r a i n , O h i o . —Bond Offering.— P r o p o s a ls w ill he r e c e iv e d
u n til 12 m . (s ta n d a rd tim e ), S e p te m b e r 5 , 1898, b y G . A . R e
s e t , C ity C le r k , f o r $ 3 5 ,0 0 0 5 # B la c k R iv e r im p r o v e m e n t
b o n d s . " S e c u ritie s a r e issu e d p u r s u a n t w i t h s e c tio n s 2 ,8 3 5 ,
2 ,8 3 7 a n d 2,837a , R e v is e d S ta tu te s o f O h io , a n d w e r e a u th o r
iz e d b y o rd in an c es N o . 4 73, p asse d J u n e 14, 189 8 , a n d N o .
4 7 5 , p assed J u ly 12, 1898. B o n d s a r e in d e n o m in a tio n o f
$ 1 ,0 0 0 , d a te d J u ly 15, 1898. In te r e s t w i ll h e p a y a b le J a n
u a r y 15 and J u ly 1 5, a n d th e p r in c ip a l w ill m a tu r e $ 5,0 0 0
y e a r ly on J u ly 1 5, f r o m 1918 to 1924 in c lu s iv e , a n y or a ll
b o n d s b e in g s u b je c t to c a ll a fte r J u ly 1 5 , 1908.
A d e p o s it in
c a sh or certified c h e c k fo r $ 5 0 0 o n g o m e h a n k in L o r a in m u s t
a c c o m p a n y p ro p o sa ls
N o h id w i l l he e n te rta in e d u n le s s
m a d e on b la n k fo r m , w h ic h m a y b e o b ta in e d o n a p p lic a t io n
to th e C ity C le rk .
L o r a i n C o u n ty . O h io .— R o n d S a le .— O n A u g u s t 1 5 , 189 8 ,
th e $ 35 ,0 00 4 1i% C h ild r e n ’s H o m e b o n d s w ere a w a r d e d to
$-85,000 r e f u n d i n g w « t e r -w o r k s b o n d # , t o r e f u n d is s u e d a t e d S e p t. 15, 1886.
Briggs, Smith <fe C o ., C in c in n a t i, a t 104-671. B o n d s mature
CO,Qf») r e f u n d i n g r a ilr o a d -a id b o n d s , t o r e f u n d is s u e d a t e d O c t . 1, 1*87.
20.000 r c ft iu d in if ra iiro a d -H ld bond.#, t o r e f u n d is s u e d a te d M a y 1, 188*.
$ 2 ,0 0 0 A u g u s t 10, 1899, a n d $ 3,0 0 0 y e a r ly on A u g u s t 15 fr o m
15.000 r e f u n d i n g w a t e r -w o r k s b o n d s , t o r e f u n d I s s u e d a t o d S e p t. 1 5 ,1 8 8 8 .
< 0,000 r e f u n d i n g s e w e r b o n d # , t o r e f u n d Issu e d a t e d J u n e ‘ , 1800.
J
1900 to 1910, in c lu s iv e .
F o r fu r th e r d e s c rip tio n o f b o n d s se e
lo.dOQ r e f u n d i n g s e w e r b o n d s , t o r e f u n d t«s u e d a t e d A p r il 1, 1801.
Chronicle J u ly SO. 1893, p. 241.
5.000 re fu n d in g in te r s e c tio n paviUK b o n d # , t o r e f u n d is s u e d a t e d .Tan. 1 ,1 8 0 2 .
Bond Offering.—P ro p o sa ls w ill h e r e c e iv e d
1 p , sr.
5.000 re fu n d Itut in t e r s e c t i o n p a v in g b o n d # , t o r e f u n d is s u e d a t e d O c t , 15.1892.
(c e n tra l s ta n d a rd tim e ), S e p te m b e r 1 , 1898, b y Y iiS C o u n t y
N e w b o n d s w ill be issn e d u n d e r a u t h o r ity o f S e c tio n 1195
C o m m issio n e rs, c a re o f C o u n ty A u d i t o r , f o r $ 1 7 5 ,0 0 0 4%
o f th e C o m p ile d S ta tu te s o f N e b r a s k a , 189 7 . T h e y w i ll b e in
b r id g e bo n d s.
S e c u ritie s are issu e d b y v ir tu e o f s e c tio n s
d e n o m in a tio n o f $ 5 0 0 , d a te d J a n u a r y 1, 1899. In te r e s t w i ll b e
282 5 , 871 and 8 7 2 , R e v is e d S ta tu te s o f O h io ,
B o n d s are in
at
p a y a b le J a n u a r y 1 and J u ly 1, a n d th e p rin c ip a l w ill
d e n o m in a tio n o f $ 1 ,0 0 0 , d a te d S e p te m b e r 1, 1898.
In te r e s t
m a t u r e 20 y e a r s fr o m d a te o f issu e , s u b je c t to c a ll a fte r 10
w ill b e p a y a b le M a r c h 1 a n d S e p te m b e r 1 a t th e C ountyyears,
& H a v e r h i l l , M a s s ,—Bond Sale,— O n A n g u s t 13, 189 8 , th e T re a s u r e r’s office. P rin c ip a l w ill m a tu r e $ 5,0 0 0 e v e r y s ix
m o n th s fr o m M a r c h 1, 1899, t o M a r c h 1 , 191 6 , in c lu s iv e .
A
$ 8 4 ,5 0 0 4 j co u p o n c ity b o n d s w e r e a w a r d e d to L e e , H ig g in ce rtified ch eck fo r $ 2 ,0 0 0 m u s t b e d ep osite d p r io r to th e h o u r
s o n & C o ., B o s to n , a t 1 05-891. F o l l o w i n g are th e b id s :
o f Sills
1
E eo,
k C o.,
*36,532 40 [ P a r k in s o n k P u r r . B o s t o n ....$ 3 0 ,2 9 1 59
L o w e l l , M a s s .— L o a n Not Authorized.—W e are a d v is e d b y
B , L . D a y A < o .. B o s t o n ........ 30,462 02 B l o d g o t , M e r r it t k C o ., H os t. 30,283 05
A d a m s * C o .. B o s t o n
. . . . 30,309 90 |G e o . A . F e r n s ld k C o .. B o s t .. 30.237 70
M r . Chas.’ F . C o b u r n , C ity T r e a s u r e r , th a t th e $ 4 0 ,0 0 0 lo a n
B i o k o B r o s , k C o ., B o # t o n ----- 30,306 46 J o s e . P a r k e r A C o .. B o s t o n . .. 30,179 29
fo r p u b lic b u ild in g s , w h ic h s o m e n e w s p a p e rs h a v e re p o r te d
E . C . B o n w o o d & C o ..B o # t o n . 30.361 90 N. W . H a r r is k C o ., B o s t o n .. 30.173 25
W . J . f l n y e s k S o n s . B o s t o n . 86.352 83 I K u d o lP b K le y b o lt e k C o .,O n . 86,049 05
as b e in g a u th o rize d , w a s n o t p a sse d b y th e C ity C o u n c il, as
B s t a b r o o k k C o ., B o s t o n .......... 30.8 4? 82 j D , \V. H o w la n d , B o s t o n .......... 36,030 99
the m e a su re fa ile d to re c e iv e th e n e c e s s a r y t w o -th ir d s v o te .
YF, H olm a n Cary ................
36,31919 |C u sbm an,F I#berA P help s,B os 36,01465
M c C o m h , P i k e C o u n ty . M is s .—Bond Offering. — P r o p o s a ls
P rin c ip a l w ill m a tu r e A p r il 1, 190 8 . F o r f u r th e r d e sc rip
w ill he received u n til 7 p , b i . S e p te m b e r 2 1 , 1898, b y J . D o c k
tion o f b o n d s see C h r o n i c l e o f la s t w e e k , p. 8 8 5 .
H e u ld s b u r g , P a l .— B o n d Offering.— P ro p o sa ls w ill be re H a r r e ll C ity C le r k , fo r $ 3 5 ,0 0 0 w a te r -w o r k s b o n d s .
M c K e e ’ s R o c k s , P a .—Bonds Authorized — T h e B o r o u g h
ce iv e d u n til 7 :3 0 P. m . A u g u s t 2 5 , 1898, b y C . H . P o n d , C ity
C le r k , fo r $ 1 0 ,0 0 0 5 % g o ld w a te r w o rk s a n d e le c tr ic p o w e r Council h as p assed a n o r d in a n c e a u th o r iz in g th e is s u a n c e o f
A ugust
20, 1898.]
THE
C H R O N IC L E .
the $ 1 0 ,0 0 0 str e e t a n d se w e r im p r o v e m e n t a n d fu n d i n g b o n d s ,
■which w e r e v o te d a t th e e le c tio n h e ld J u ly 2 0 , 1898.
B y th e
p ro v isio n s o f th e o r d in a n c e th e b o r o u g h w ill b e u n a b le to
u se th e s in k in g fu n d o f a fo r m e r b o n d issu e f o r th e p u rc h a se
o f th e n e w b o n d s.
T h is la t te r p la n w a s s u g g e s te d b y a c o u n
c ilm a n , b u t th e B o r o u g h S o lic ito r c la im e d t h a t it w o u ld be
ille g a l.
M a d is o n , lV is . —Bond Offering. — P ro p o sa ls w i ll b e re c e iv e d
u n til 7:80 p . m . S e p te m b e r 9, 1893, by O. S. N o r s m a n , C ity
C le r k , f o r -837,000
s e w e r -im p r o v e m e n t b o n d s.
S e c u ri
tie s are in d e n o m in a tio n o f §500, d a te d J u ly 1, 189S. I n te r e s t
w ill be p a y a b le a n n u a lly , and th e p r in c ip a l w ill m a tu r e 20
y e a r s f r o m d a te o f issu e , s u b je c t to c a ll o n a n y J u ly 1
a fte r 1908. P rin c ip a l a n l in te r e st w ill b e p a y a b le a t the
A m e r ic a n E x c h a n g e N a t i o n a l B a n k , N e w Y o r k C ity .
As
s ta te d in th e Chronicle M a y 7, 1893, a n a p p e a l w a s e n te re d
in th e S u p r e m e C o u r t o f W is c o n s i n to p r e v e n t th e issu a n ce
o f th e se b o n d s, w h ic h ap p ea l h as sin ce b e e n d ism isse d.
M a h a u o y C it y ( B o r o u g h ) , P a .—Bonds Sold.— W e are a d
v is e d b y E . S . R e in h o ld , B o r o u g h S e c r e ta r y , t h a t th e $ 15 ,0 00
n e w b o r o u g h b o n d s h a v e b e e n so ld , b u t as p a y m e n t h a s n o t
y e t b een m a d e n o re p o rt w ill b e m a d e a t p re sen t.
M a n s f ie ld , O h i o .— Bond Sale.— O n A u g u s t 1 0 , 1898, th e
$ 1 0 ,0 0 0 64 1-5 -ye ar (se r ia l) stre e t a sse ssm e n t b o n d s w ere
a w a r d e d to W . J H a y e s & S o n s, C le v e la n d , a t 105 6 7 . A d e
s c r ip tio n o f th e bo n ds w ill b e fo u n d in th e C h r o n i c l e J u ly
2 3 , 1898. p. 1 9 '.
M a r l b o r o u g h , M a s s .— N o te s Authorized.— A n issu e o f $ 20 0 00 4 4 n e g o tia b le n o te s fo r th e L a k e W i l l i a m s e w e ra g e sy s te m
h a s b e e n re c e n tly a u th o r iz e d
T h e y w i ll b e a r d a te o f J u ly 1,
1898, a n d m a tu r e J u ly 1, 1918.
In te r e s t w i ll b e p a y a b le
a t th e W i n t h r o n N a t io n a l B a n k , B o s to n .
D a te o f sale has
n o t b e e n d e c id e d u p o n .
389
N e w Y o r k C i t y .— Bonds Awarded.—On A u g u s t 1 6 , 1 8 9 8 ,
th e C o m p tr o lle r a w a rd e d th e $ 1 2 ,6 8 8 ,9 9 3 36 3
g ol d c o rp o
ra te s to c k to th e P ro d u c e E x c h a n g e T r u s t C o . a t th e ir bid. o f
104-94.
T h e C o m p tr o lle r in m a k in g th e a w a r d g a v e o u t th is
sta te m e n t:
“ I h a v e a w a r d e d the b o n d s to th e P ro d u c e E x c h a n g e T r u s t
C o m p a n y a t th e ir b id o f 104-94.
T h e b id s o f V e r m ily e &
C o . an d o f K u h n , L o e b & C o . at 1 05 '0 3 I d e e m to b s c o n d i
tio n a l, th e r e fo r e in v a lid .
T h e d iffe ra u c e b e tw e e n th e se t w o
b id s a m o u n ts to a b o u t $ 1 1 ,4 0 0 .”
O n A u g u s t 17, 1893, Y e r m ily e & C o . a n d K u h n , L o e b &
C o ., th e h ig h e s t b id d e rs, b u t w h o se b id w a s based on th e
ap p ro v a l o f th e ir c o u n s e l, o b ta in e d an o r d e r f r o m J u d g e
B e e k m a n re s tr a in in g th e C o m p tr o lle r f r o m d e liv e r in g th e
b o n d s p en d in g h is d e c isio n . T h e h e a r in g o n J u d g e B e e k m a n ’s
ord e r on th e C o m p t r o lle r , to s h o w c a u se w h y a p e r m a n e n t in j u n ctio n sh o u ld n o t be g r a n te d , w ill b e h e a r d o n A u g . 2 3 ,1 8 9 8 .
O b e r li u ( V i l l a g e ) , O h io .— Bond Sale.— O n A u g u s t 1 5 ,1 8 9 8 ,
th e $ 4 ,0 0 0 64 s tr e e t im p r o v e m e n t b o n d s a n d $ 1 ,9 0 0 6# s e w e r
a n d d ra in a g e b o n d s w e r e a w a r d e d to R u d o lp h K le y b o lt e &
C o ., C in c in n a ti, a t 105-93.
P r in c ip a l o f th e stre e t im p r o v e
m e n t b o n d s w ill m a tu r e o n A u g u s t 15, $50 0 in 1899, $500 in
1900, $ 1,0 0 0 in 1901, $ 5 0 0 in 1902, $ 1 ,0 0 0 ' in 1903 a n d $ 5 0 0 in
1904. T h e se w e r an d d ra in a g e b o n d s w ill m a tu r e $300 y e a r ly
on A u g u s t 15 fr o m 1899 to 1903, in c lu s iv e , a n d $400 o n A u g u s t
1 5 ,1 9 0 4 .
F o r f u r th e r d e sc rip tio n o f b o n d s see C hronicle
A u g u s t 13, 1898, p . 337.
O h io C o u n ty ( H a r t f o r d P . 0 . ) , K y .— Bonds Authorized.—
T h is c o u n ty h as re c e n tly a u th o r iz e d th e is s u a n c e o f $ 3 0 ,0 0 9
i.% r e fu n d in g b o n d s. I n te r e s t w ill b e p a y a b le s e m i-a n n u a lly
a t H a r tf o r d .
B o n d s w ill r u n 20 y e a r s , s u b je c t to c a ll a f t e r 5
ye a rs. T h e y w i ll p r o b a b ly b e d isp ose d o f a t p r iv a te sa le .
(P.
O h io U n i v e r s i t y
0 . A t h e n s ) , O h io .— Bond Sale.— O n
A u g u s t 15, 189 3 , th e $ 5 ,0 0 0 5 4 c o u p o n c e rtific a te s w e r e
u n til 12 M . , A u g u s t 22, 189 8 , b y E . P . S h a w , T r e a s u r e r a n d a w a rd e d to S e a so n g o o d & M a y e r , C in c in n a ti, a t 1 07 '4 1 . P r in
F o r f a r t h e r d esc rip tio n o f
R e c e iv e r -G e n e r a l, f o r $ 3 ,9 0 0 ,0 0 0 re g iste re d g o ld b o n d s, b e a r c ip a l m a tu r e s S e p te m b e r 1, 1904.
b o n d s see C hronicle J u ly 16, 1898, p. 139.
i n g in te r e s t an d m a tu r in g as f o llo w s :
O m a h a ( N e b .) S c h o o l D i s t r i c t .— Bond Election Proposed —
. * 1,000,000 3 *
b o n d s , d o e A p r i l 1, I f 2 8 . 1 *1,500,000
b o n d s , d u e M a y 1 , 1928.
T h e q u e s tio n o f v o tin g th is f a ll u p o n a p ro p o sitio n to issu e
300.000 3 M b o n d s , d u e A p r i l 1 .1 9 2 8 .1 1.100,000
b o n d s , d u e J u ly 1. 1933.
fr o m $ 1 7 5 ,0 0 0 to $ 4 0 0 ,0 0 0 s c h o o l b o n d s is b e in g d iscu sse d b y
B o n d s w i ll b e in d e n o m in a tio n o f $ 1 ,0 0 0 a n d m u ltip le s
th e S c h o o l B o a rd .
th e r e o f.
In te r e s t w ill b e p a y a b le s e m i a n n u a lly a t th e S ta te
O r a n g e C o u n t y , T e x a s .— Bond Sale.— O n A u g u s t 15, 1 8 9 8 ,
T r e a s u r e r ’s office. A l l b id s m u s t b e a c c o m p a n ie d b y c e r th e $ 3 0 ,5 0 0 54 c o u r t-h o u s e b o n d s w e r e a w a r d e d to J . B . O ld
h a m , D a lla s , a t 1 0 P 6 6 .
B o n d s m a tu r e 40 y e a rs f r o m d a te o f
tifie d c h e c k s fo r 24 o f th e a m o u n ts b id fo r.
issue, s u b je c t to c a ll a fte r 5 y e a r s.
F o r f u r th e r d e sc rip tio n
The official notice o f this bond offering will be found among o f bo n d s see C hronicle A u g u s t 6 , 189 8 , p . 286.
the advertisements elsewhere in this Department.
P o p l a r B i u f T ( M o .) S c h o o l D i s t r i c t .— Bond Sale.— I n th e
M e d fo r d , M a s s .— Loan Not Yet Negotiated.— M r . P a rk e r C hronicle M a y 2 8 , 1898, w e s ta te d th a t th is d is tr ic t s o ld
R . L itc h fie ld , C it y T r e a s u r e r , in f o r m s us t h a t th e c it y h as $ 20 ,0 00 bo n d s t o T r o w b r id g e & C o ., C h ic a g o . T h e b o n d s
n o t y e t m a d e a n y a r r a n g e m e n ts f o r th e n e g o tia t io n o f th e w ere b u t r e c e n tly re g is te re d by th e S ta te A u d i t o r a n d b ear
$ 4 5 ,0 0 0 lo a n w h ic h w a s r e c e n tly a u t h o r iz e d f o r s tr e e t i m 5% in te re st. T h e y are in d e n o m in a tio n o f $ 5 0 0 , a n d th e p rin
cip a l w ill m a tu r e in 20 y e a r s , p a r t o f th e b o n d s b e in g o p tio n a l
p ro v e m e n ts.
M e r c e r C o u n t y ( P . 0 . H a r r o d s b u r g ) , K y .—Bond Offering. a fte r 10 y e a r s a n d p a r t o p tio n a l a fte r 15 y e a r s . T h e p ric e
— P r o p o s a ls w ill b e re c e iv e d u n t i l S e p te m b e r 7 , 189 8 , by th e p a id f o r th e se s e c u ritie s w a s 101-125.
P o r t J e r v i s , N . Y .— Bonds Authorized.—This p la c e h a s r e
F is c a l C o u r t fo r $ 1 4 5 ,0 0 0 4 4 r e fu n d in g b o n d s. S e c u ritie s
w i ll be in d e n o m in a tio n s o f n o t le ss th a n $50 0 , w it h in te re st c e n tly a u th o r iz e d $ 2 2 ,0 0 0 4 4 bo n d s f o r b u ild in g a n e w s c h o o l
I n te r e s t w ill be p a y a b le in P o r t J e r v is b y e x c h a n g e
p a y a b le s e m i-a n n u a lly .
P r in c ip a l w ill m a tu r e in “ 30 ye ars h ou se.
P r in c ip a l w ill p r o b a b ly be p a y a b le in c u r
w it h r ig h t t o c a ll a fte r 5 y e a r s , or th e y w i ll be m a d e p a y a b le o n N e w Y o r k .
D a te o f sa le h a s n o t
in in s ta lm e n ts o f y e a r ly p a y m e n t s , b e g in n in g 5 y e a r s a fte r re n c y , a n d w ill m a tu r e $ 2,0 0 0 y e a r ly .
is s u e .”
T h e o r ig in a l b o n d s w e r e v o te d to th e a m o u n t o f y e t been d e c id e d .
P e r r y s b a r g ( V i l l a g e ) , O h io . -Bond Sale.— O n A u g u s t 13,
$ 1 2 5 ,0 0 0 in 1886, in a id o f th e L o u is v ille S o u t h e r n R a ilr o a d .
T h e le g a lity o f th e issu e w a s q u e stio n e d a n d th e case w a s 1898, th e $ 5,5 0 9 4 4 r e fu n d in g b o n d s w ere a w a r d e d to S e a s o n c a r r ie d th r o u g h th e v a r io u s c o u r ts u n t i l M a y 2 3 , 1898, w h en g o o d & M a y e r , C in c in n a ti, a t 101-60 a n d a c c r u e d in te re st.
th e U n it e d S ta te s S u p r e m e C o u r t d e c la re d t h a t th e b o n d s T h e f o llo w in g b id s w ere a lso re c e iv e d : T h e L a m p r e c h t B r o s .
w e r e a v a lid o b lig a tio n . T h is d e b t, n o w a m o u n tin g to $ 1 4 5 ,- C o ., C le v e la n d , p ar, less a tto r n e y s ' fees a n d in v e s tig a tin g e x
penses to a m o u n t o f 5 4 ; S p itz e r & C o ., T o le d o , p a r , p r e m iu m
0 00, is to b e re fu n d e d as a b o v e . S ee C hronicle , M a y 28.1898
S.
M i c h i g a n .— Bond Sale.— T h e S ta te offe re d f o r sale on o f 35, less $200 fo r fu r n is h in g b o n d b la n k s a n d e x p e n s e s ;
A u g u s t 11 a n a d d itio n a l issu e o f $ 1 0 0 ,0 0 0 8 4 w a r b o n d s a t 101, A . K e a n , C h ic a g o , 103, i f ra te o f in te r e s t is m a d e 4J^4, o r
P rin c ip a l w ill m a tu r e
a n d th e en tire loa n w a s o v e r -su b sc r ib e d to d u r in g th e first w o u ld ta k e o n s a m e b a sis a t 4 4 .
2 4 h o u rs.
B o n d s m a tu r e M a y 1, 1908, s u b je c t to c a ll a fte r A u g u s t 15, 1913. F o r fu r th e r d e sc rip tio n o f b o n d s see C hron
icle J u ly 16, 1398, p . 139.
M a y 1 ,1 9 0 3 .
S e c u ritie s are in d e n o m in a tio n o f $100.
P i q u a ( M i a m i C o u n ty , O h i o ,) S c h o o l D i s t r i c t .— Bond
M i l l v a l e , P a .— Bond Election.— T h e B o r o u g h C o u n c il h as
p asse d a n o rd in a n c e p r o v id in g fo r th e s u b m issio n to a v o te o f Offering.— P ro p o sa ls w ill be re c e iv e d u n til 12 m ., A u g u s t 26,
th e p eo p le a t th e N o v e m b e r e le c tio n o f th e q u e stio n o f issu in g 1898, b y th e B o a rd o f E d u c a tio n , F r a n k A . H a r d y , C le r k , fo r
th e f o llo w in g b o n d s: $ 1 0 ,8 0 0 fo r a to w n h a ll, $ 5 ,0 0 0 fo r a $ 15 ,0 0 ) 5 4 b o n d s . S e c u ritie s are d a te d A u g u s t 1, 1898; In
p u m p to b e p la c e d in th e b o ro u g h w a te r -w o r k s a n d $ 9,2 0 0 to te re st w ill b e p a y a b le s e m i-a n n u a lly a t th e Im p o r te r s ’ &
T ra d e r s ’ N a tio n a l B a n k , N e w Y o r k C it y .
P rin c ip a l w ill
re tire th e flo a tin g in d e b te d n ess.
T h e s u c c e s s fu l b id d er w ill be r e
M i lw a u k e e , W i s .— Bonds Proposed.— T h e F in a n c e C o m m a tu re A u g u s t 1, 1913.
m itte e o f th e C ity C o u n c il h as d e c id e d to r e c o m m e n d th e is q u ire d to d ep o sit 54 o f th e a m o u n t o f h is bid .
R a v e n n a , O h io .— Bond O f f e r i n g .— P ro p o s a ls w ill b e r e
s u a n c e o f $ 5 0 ,0 0 ) o f b o n d s to c o m p le te th e T h ir tie th S tre e t
T u n n e l f r o m W a l n n t S tr e e t to N o r t h A v e n u e a n d $ 8 0 ,0 0 0 o f ce iv e d u n til 12 M. S e p te m b e r 3 , 1893, a t th e office o f th e V il
b o n d s to p a y th e in te r e st a n d in s t a lm e n ts d u e on th e p u b lic lag e C le rk , S . J . P o s t, fo r $ 1 4 ,0 8 0 64 c o u p o n str e e t im p r o v e
p a r k s . C o rp o r a tio n C o u n se l H a m ilt o n c o n te n d s th a t th e in m e n t b o n d s. S e c u r itie s w i ll be in d e n o m in a tio n o f $70 4 ,
ju n c t io n n o w p e n d in g d oes n o t p re v e n t th e c it y fr o m is s u in g d ate d A u g u s t 2 0 , 1 8 9 8 ; in te r e s t w ill be p a y a b le se m i a n n u
P r in c ip a l w ill m a tu r e $ 7 0 4 o n A u g u s t 2 0, 1899, an d
m o r e b o n d s ; h e sa y s th a t in ju n c t io n o n ly ap p lies to th e $1 4 0 ,- a lly .
000 stre e t im p r o v e m e n t b o n d s, $ 8 0 ,0 0 0 g a r b a g e b o n d s an d e ach s ix m o n th s th e r e a fte r u n til A u g u s t 20, 1909. P rin c ip a l
$ 8 0 ,0 0 0 b r id g e b o n d s, w h ic h h a v e b e e n r e c e n tly offered fo r an d in terest w ill be p a y a b le a t th e office o f th e V i lla g e C le rk
sa le , b n t n o t a w a r d e d on a c c o u n t o f sa id in ju n c t io n .
D e p u ty or a t th e F ir s t or S e c o n d N a tio n a l b a n k s o f R a v e n n a a t op
B o n d s are issu e d p u rsu a n t to a n o r d i
C o m p tr o lle r P e r th c la im s th a t, in c lu d in g th e e n jo in e d b o n d s, tio n o f th e p u rc h a se r.
n a n c e a d o p te d fo r t h a t p u rp ose M a y 2, 1893. A ce rtified
th e c it y is o v e r $ 5 0 0 ,0 0 0 u n d e r th e d e b t lim it .
M o n r o e , L a .— Bonds Proposed.—A p e titio n h a s been p re c h e c k f o r $ 2 5 0 , p a y a b le to th e V illa g e C le rk , m u s t a c c o m
s e n te d to th e C it y C o u n c il a s k in g th a t a n e le c tio n be c a lle d to p a n y p ro p o sals.
R e a d in g , P a .— Bonds Proposed.— M r . H . H . H a m m e r , C it y
v o te on th e q u e stio n o f is s u in g b o n d s fo r p u b lic im p r o v e m e n ts .
M o u n t V e r n o n , N . Y .— Bond Sale.— O n A u g u s t 16, 1898, C le rk , in fo r m s u s th a t an o rd in a n c e to s u b m it th e q u e stio n
th e $ 4 0 ,0 0 0 o% ta x a sse ssm e n t b o n d s w ere a w a r d e d to th e o f in c r e a sin g th e c i t y ’s d e b t $ 22 5 ,0 0 0 fo r th e p u rp ose o t se
E d w . C . J o n e s C o .. N e w Y o r k , a t 1 0 8 '7 1 .
B o n d s m a tu r e c u r in g filtra tio n o f w a te r is p e n d in g in C o u n c ils . I f it p asse s,
A u g u s t 1, 1904.
F o r f a r t h e r d e sc rip tio n o f b o n d s see 1 th e p ro p o sitio n w ill be s u b m itte d to a v o te o f th e p eo p le ,
]
_
C hronicle J u ly 3 0 ,1 8 9 8 , p . 2 4 2 .
I p r o b a b ly in N o v e m b e r .
N e w p o r t ( P a . ) S c h o o l D i s t r i c t .— Bond Sale.— O n A u g u s t )I ‘ R e d D a n k ( T o w n ) . N . J .—Temporary Loans— W e are m 1 fo r m e d b y M r . O . E . D a v is , C h ie f C o m m is s io n e r , th a t th e
1 8, 1893, th e d is tr ic t so ld a t a u c tio n to lo c a l in v e s to r s $ 1 5 ,0 0 0
5% b o n d s .
1 to w n has n e g o tia te d tw o te m p o r a r y loa n s, $ 3 ,0 0 0 an d $ 2,0 3 0
M a s s a c h u s e t t s .— Bond
Offering.— P r o p o s a ls
w ill b e re c e iv e d
390
c
THE
...... _
............
C H R O N IC L E .
[V ol . LXVII,
.......................
resf< ( l i v e l y , w h ic h w ill b e p a id th is f a l l . T h e m o n e y w a s
n e ed e d f o r to w n w o rk .
R e d O a k , I o w a .—No Bond Issue- — I t h a s b e e n rep orted in
s o m e o f th e p a p e r s th a t $ 1 5 ,0 0 t j a i l b o n i s o f th is c it y had
been a u th o r iz e d .
W e are a d v ised th a t n r b o n d s w ill be
is s u e d : th e j a i l w ill b e b u ilt b y th e C o n a tv o u t o f c u r r e n t
fu n d s .
R i p l e y C o u n ty ( P . 0 . D o n i p h a n ) , H o .—Further Details Re
garding Bonds.— F a r t h e r in fo r m a tio n Is a t h a n d r e g a r d in g
th e $ 3 0 ,0 0 0 c o u r t h o u se a n d j a i l b o n d s w h ic h w ere r e c e n tly
a u th o r iz e d . T h e se c u r itie s w ill b e a r I . in te r e st, p a y a b le
s e m i-a n n u a lly , and w ill m a tu re in fr o m 1 to SO y e a r s.
D a te
o f sa le h a s n o t b e e n d ec id e d u p o n .
R o c h e s t e r , N . Y .—Bond Bale. — O n A u g u s t 15, 1898, th e
$'310 ,0 0 3 1 ; j re g is te r e d w a te r b o n d s w ere a w a rd e d to A lle n
A S a n d , N e w Y o r k C it y , at 1 05 -8 3 5, a b a sis o f 8*107','. F o l
lo w i n g are th e b i d s :
te m b e r 1 , 1898.
In te re st w ill b e p a y a b le a n n u a lly a u d th e
p rin c ip a l w ill m a tu r e § 1 5 0 y e a r ly on S e p te m b e r 1 f r o m 1 8 9 9
to 1938, in c lu s iv e .
B o n d s are issu ed u n d e r th e p r o v is io n s o f
an A c t o f th e S ta te L e g is la tu r e p assed M a r c h 19, 188 9 , an d
w ere vo ted a t th e le c tio n h e ld J u ly 16, 1898.
S h a r o n S p e c ia l S c h o o l D i s t r i c t , S h a r o n v i l i e , O h i o .—
Bond Sale.— O a A u g u s t 1 5, 1898, th e d is tr ic t a w a r d e d t o
R o b e r ts & H a l l , C in c in n a ti, th e $ 5,0 0 0 0;. c o u p o n b o n d s a t
114 03. B o n d i m a tu r e $250 y e a r ly o n A u g u s t 15, f r o m 1899
to 1918, in c lu s iv e .
F o r fa r t h e r d e sc rip tio n o f b o n d s see
C h r o n i c l e J u ly 8 0 ,1 8 9 3 , p. 243.
S h a s t a C o u n ty ( C a l .) L n to n ii S c h o o l D i s t r i c t ,— Bond
Sale,—O n A n g u s t 8 , 1893, th e $ 1,5 0 0 7.7 s c h o o l d is tr ic t b o n d s
w e re aw ard ed to th e O a k la n d B a n k o f S a v in g s a t 105 -3 3 3. F o l
lo w in g are th e b id s :
Allen A Stifid, Now York........ l<VrR2’> I R . L. Iln v ,fc C o.. T o l e d o ........... 103-lSfi
Whnuu A Schloslngor, N. V __ 10 0 * 1 ? Job. E. CLiVln. Buffalo...,------ 1 )8*?t'5
0
l>un*eoinl> A Jemos m, N. Y __10./t>73 I W . U oI qiau C ary, B o s to n .......to i-itf
N. V , Hiirrl? A Co.. Now York .105*202 I R o c h e s te r Snv. Bk., Bonliestc'r.103‘ 70
V
lilmSget, Alerritt A Co., Boston .101*53 T h e liiitnprecht
Co., Cler403*S7
Bertron ASlom , Now York— 10115 I B en well & -Svoriti, i v v
m ans4
Stroot. \ vkes Jc Co.. Now York.101*365 |.1. s. l arlep A
V
:
Y....... 1
Denison, Prior A Co., Boston .„„lt)4Ml7 K M. M cK ay, C M ca?o .......... ♦.103\MH5
OkO. M Hfthn, New York .......101*20 | D, A . M or.ui x Co,. Now Y ork. 102*078
L. W. Morrison, Now York ..... 101*014 i itruthp fitorT m iinn.-R oohe tfor.lOfOO
Kleybolte A Co., New York...... 103*81
B o n d s m a tu r e $300 y e a r ly .
F o r f u r th e r d e s c rip tio n o f
b o n d s see C h r o n i c l e A u g u s t 6 , 1803, p 287.
S h a w n e e , O k lu .—Bond Election .— A n e le c tio n w i l l h e h e ld
S e p te m b e r 2 , 1898, to v o t e on th e q u e stio n o f is s u in g $ 8 5 ,0 0 0
67 20 -y ea r w a te r -w o r k s bonds.
S h r e v e p o r t , L a .—-.Vo Bond Issue.—M r . H , H . H a r g r o v e ,
S e c re ta ry B o a r d o f E d u c a tio n , in fo r m s u s t h a t n o b o n d s are
to b e issued fo r th e n e w s c h o o l b u ild in g .
T h e p e o p le w ill
v o lu n ta r ily n a y th e c o st, w h ic h w ill be $ > , 000 .
0
S i o u x C o u n ty ( P . 0 . O r a n g e C i t y ) , I o w a .— B o n d Elec
tion.—A t th e e le c tio n t o b e h eld in N o v e m b e r th is c o u n ty w ill
v o te on th e p ro p o sitio n to b u ild a n e w c o u r t-h o u s e .
I t has
n o t been d ecid ed w h e th e r b o n d s w ill be issu e d i f th e v o te is
fa v o ra b le . T h e c o u n ty h as on h an d $10,01)0 a v a ila b le f o r th e
p urp ose an d m a y ra ise th e r e m a in d e r b y an a d d itio n a l ta x
le w .
T h e c o u n ty h a s n o d eb t.
S is k iy o u C o u n ty ( C a l ,) , P e b b le S c h o o l D i s t r i c t .—Bond
Sale. — O n A u g u s t 8 , 1 89 *, th e $ 1,0 0 0 87 b o n d s w e r e a w a r d e d
t o M . C. B e a m , F o r t J o n e s, C al . a t 104.
T h e o n ly o th e r b id
received w as f r o m th e B a n k of S a n M a te o C o u n ty , R e d w o o d
C it y , C a l., w h ic h bid w a s 103-525 a n d a c c u m u la t e d in te r e s t,
a m o u n tin g to $ 4 96. P rin c ip a l m a tu r e s $300 y e a r ly o n J u ly 15
fr o m 1899 to 1903, in c lu s iv e .
S p a r t a , M i n n .—Bond Offering. — P ro p o s a ls w ill h e re c e iv e d
u n til a b o u t S e p te m b e r 8 , 189S, f o r $L ,750 67 g o ld w a t e r -w o r k s
b on d s. In te re s t w ill b e p a y a b le F e b r u a r y 12 a n d A u g u s t 12,
an d th e p rin c ip a l w ill m a tu r e A u g u s t 1 2 , 1908.
S p o k a n e , W a s h .—Bond Issue Authorized . — A t a m e e tin g
o f th e S in k in g F u n d C o m m is s io n h e ld A u g u s t 9, 1 8 9 8 , th e
C o m p tro lle r w a s in s tr u c te d to s e ll $ 1 1 ,0 3 0 8 7 1 0 -y e a r p a rk
b on d s.
S p r i n g v i l l e , N . Y.—Bond Sale. — O n A u g u s t 1 6 , 1 8 9 8 , th e
$ 4,8 5 0 47 e le c tr ic -p o w e r b o n d s w e r e a w a r d e d to W . J . H a y e s
& S on s, C le v e la n d , a t 1 04-05, F o llo w in g are th e b id s :
P r in c ip a l w ill m a tu r e A u g u s t 1. 1918
F a r f u r th e r d e
s c r ip tio n o f b o n d s s 3e CHRONICLE o f la st w e e k , p . 837.
R o e k io r d , I I I .— Proposed B old Issue.— The. q u e stio n o f
r e fu n d in g $1-1,401 b o n d s m a t u r i n g in S e p te m b e r is u n d er
c o n s id e r a tio n .
R o c k I s l a n d , 111.— Bond Sale.— T h e B o sto n “ N e w s B u
r e a u '' re p o r ts th e sa le o f $ 1 5 ,0 0 0 4J 5 y e a r r e fu n d in g b o n d s to
N . W . H a r r is & C o ., C h ic a g o , a t p ar.
S a d d le R i v e r T o w n s h ip S c h o o l D i s t r i c t ( P , 0 . R o c h e l l e
P a r k ) , N . 3 .—Bond Offering. — P ro p o sa ls w ere ask e d u n til 6
r . it. y e ste r d a y <A u g u s t 10, 1 8 0 8 ), by* C . H . W i ll i a m s , D is t r ic t
C le r k , f o r $ 3 ,5 0 0 S$ sch o ol b o n d s.
Seciarities are t o b e in d e
n o m in a tio n o f $ 5 0 0 , d a te d S e p te m b e r 1, 1898.
In te r e s t w ill
b e p a y a b le 51 a rc h 1 an d S e p te m b e r 1. P r in c ip a l w i ll m a tu r e
$50 0 y e a r ly on S e p te m b e r 1 f r o m 1903 to 1909 in c lu s iv e . T h e
to ta l d e b t o f th is s -h ool d is tr ic t, in c lu d in g th e p re se n t issu e ,
a m o u n ts to $ 1 6 ,0 0 0 .
T h e v o te in fa v o r o f is s u in g th e se b o n d s
w a s 57, w ith n o n e a g a in s t i t . T h e a sse sse d v a lu a tio n i s a b o u t
$ 7 0 0 ,0 j0 a n d th e p o p u la tio n 1 ,90 0 . P r o p o s a ls w i ll b e op en ed
to -d a y ( A u g u s t 2 0 , 1898,) a t 8 p . m ., a t th e s c h o o l h o u se in D u n
d ee L a k e .
S a g i n a w , M i c h .—Bond Sale.— O n A u g u s t 9 , 1898, th e
$ 7 0 ,O M 4;t s tr e e t-im p r o v e m e n t b o n d s w e r e a w a r d e d to th e
Cl
S e c o n d N a t io n a l B a n k o f S a g in a w a t 101-752,
F o llo w in g are
th e b id s :
S econ d Nat. Bank, S a g in a w .,$71,227 00 I D enison , P rio r A Co.. Cl e v e .. $70,937 O')
A d am s & C o., B o s t o n ............ 71,197 00 E. H . R o llin s & Sons, B o sto n . 70,936 39
E stnb rook & Co., B o s to n ........ 71,183 00 ] R u d o lp h K le v b o lte & Co.,Cln 70,627 50
Parson, L each & C o.,C blcago. 71,100 00 i Bank o f S a g in a w ...................... 70,450 00
W . J . H a y e s A Sons, C le v e .... 71.043 00 I
B o n d s m a tu r e $ 7,0 0 0 y e a r ly o n A u g u s t 1 f r o m 1899 to 1908,
in c lu s iv e .
F o r fu r th e r d e sc rip tio n o f b o n d s see Chronicle
A u g u s t 6 , 189 8 , p, 287.
S a le m , O h io .— Bond Sale.—O a A u g u s t 9 , 1893, th e $ 4 7 ,0 0 0
5$ a n d $ 2 ,0 1 5 67 str e e t-im p r o v e m e n t b o n d s w e r e a w a r d e d to
R . V . H a m p s o n . F o llo w in g are th e b id s :
*18,800
*28.000
$375
$205
$750
$025
Lincoln JS. Main Lincoln
E . Gth E . H l J i L in c o ln
A venue Street Street
A ven u e
street
P an. 5%. P a v . 5 f. Sewer
Scw.fi %. Snv. 055. s w. on.
R . V . H a m p s o n ............... $2,016 U0 $3,300 00
$ 15 00
$ 2 65
$25 00
$25 00
W* G. M cC u llou gh -......... 2,1*5 G
O 3,100 50
F n rson , L ea ch x C o ------ 1,232 50
2,052 50
8 33
8 83
26 00
~833
T h e L a m p r e c h t B ros.C o. 1.18100
1,°6S00
Season g ood A M a y e r .... 1,142 40
1.404 00
15 25
10 75
25 40
51 50
9 50
Spltzer X C o . ..................... 1,048 50
1,872 00
5 50
•10 50
18 50
2 0 70
935 50
1,350 60
C h arles M y e r a .................
8 75
84 75
■43 20
17 00
1130
R u d ol ph K lcy h olte & Co.
921 00 1,527 00
55 00
26 50
15 10
D enison , P rior & Co . . . .
900 60
1,475 25
10 00
50 00
20 25
10 50
6 00
Briggs, Sm ith A C o .........
88800
1,47000
39 00
14 60
3 00
2 09
H an n a & K rldler...............................
.........
5 00
S. A ^ K e a n ..,.....................
6%
6%
65
6%
G;5
0%
,
W . J . H a y e s & S o n s, C le v e la n d , offe re d a p r e m iu m o f
$ 4,1 9 7 f o r th e w h o le s ix issu es.
B o n d s are d a te d A u g u s t 1,
1898, a n d th e p rin c ip a l m a tu r e s o n e b o n d o f e a ch series y e a r ly .
A l l s ix o f th e series w ere a w a r d e d to R . V . H a m p s o n , th o u g h
th e p r e m iu m b id b y h im on th e s m a lle r issu e s w as n o t th e
h ig h e s t, th e o th e r b id d e rs d e c lin in g to ta k e th e s m a ll issu e s
u n le s s th e la r g e issu e s w e r e a w a r d e d th e m
F or fa rth e r
d e sc rip tio n o f bo n ds see C hronicle A u g u s t 6 , 1898, p. 287.
S a l i s b u r y ( M o . ) S c h o o l D i s t r i c t .— Bond S a le .— T h e d istr ic t
r e c e n tly so ld §5 ,0 0 0 sc h o o l b o n d s.
S a l t L a k e C it y , U t a h .— Bond Sale.— O n A u g u s t 1 6 .1 8 9 3 ,
th e $ 5 0 0 ,0 0 0 4 7 r e fu n d in g b o n d s w ere a w a r d e d to E . H . R o l
lin s & S o n s, B o sto n , a t 100-575.
B o n d s m a tu r e S e p te m b e r 1,
1918.
F o r d e sc rip tio n o f b o n d s se e C h r o n ic l e A u g u s t 0,
1 8 9 8 , p . 2 87.
S a n d u s k y C o u n ty , O h io .— B o n d Sale.— O a A n g u s t 6, 1893,
th e C o u n ty C o m m issio n e r s a w a r d e d to th e F r e m o n t S a v in g s
B a n k , w h ic h b id 100 8 5 3 , $ 6,0 0 0 c o u r t-h o u s e b o n d s.
A b id o f
1 06 -0 1 7 w a s re c e iv e d f r o m th e C r o g h a n B a n k o f F re m o n t to o
la te to b e co n sid e re d . I t is s ta te d th a t th e S a v in g s B a n k
fin a lly p a id fo r th e b o n d s th e p ric e b id by th e C ro g h a n B a n k ,
an d t h a t th e la t te r b a n k h a s filed a p r o te s t a g a in st th e a w a r d
as m ade.
S a n J a c in t o C o u n ty , T e x a s .— Bonds Proposed.— T h e c o u n
t y h a s u n d e r c o n sid e r a tio n th e issu a n c e o f $ 8 ,0 0 0 c o u r t-h o u s e
b o n d s . T h e se c u r itie s are in th e h a n d s o f th e A t t o r n e y G e n e r a l f o r a p p ro v a l.
S a n R a fn cd , C a l.— Bond Offering.—P r o p o s a ls w i ll be r e
ce iv e d u n t i l 8 P. m . A u g u s t 2 9 , 1898, b y th e B o a r d o f T r u s
te e s, W i n . J , M ille r , P r e s id e n t , fo r $ 2 6 ,0 0 0 57 g o ld se w e r
bon d s.
S e c u ritie s are in d e n o m in a tio n o f $15 0 , date,d S ep
Oakland Bank o f S a v in g s ,.. ,
,105*333 I H . X. W ilk in s o n ......... ...................... 103*00
Lean Blunib.
............ 106*00 I
W . J. H ayes & Sens, C levelan d. .104*05 | Benw ell & E v eritt, N ew Y o r k ___101*0:4
Isaac W . Sherrill, P ou gh k eep sie. 3C2'69 8. A , K e a n , C h ica g o ___ .. . . . ,*..100*00
Seym our Bros. & C o „ New Y o r k .,101*27 I
B a n d s m a tu r e $19 4 y e a r ly fr o m J u ly 1 ,1 9 0 3 , to J u ly 1 ,1 9 3 7 .
F o r fu rth e r d e sc rip tio n o f b o n d s see C h r o n i c l e A u g u s t 6 ,
1898, p. 287.
T e k a u ta h , N e b .—Bond Election . — A n e le c tio n w i ll b e h e ld
to v o te o n th e q u e s tio n o f is s u in g $ 2,000 w a te r -w o r k s i m
p ro v e m e n t bo n d s.
T e n in o (Y Y a s lt.) S c h o o l D i s t r i c t N o . 4 4 .—Bonds Sold.—
T h e S tate P e r m a n e n t S c h o o l F u n d h a s b een a w a r d e d § 3 ,4 0 0
5 7 bonds o f th is d is tr ic t. P rin c ip a l w ill m a tu r e p a r t in 190 3 ,
1908 and 1913.
T o p e k a , K a n .— Correction .— I n th e C h r o n i c l e la s t w e e k
w e sta ted th a t th e S ta te A u d ito r re c e n tly re g is te r e d $ 1 2 5 ,0 0 0
57 r e fu n d in g b o n d s a n d sold th e s a m e a t a p r e m iu m o f 1 J£ 7 .
T h e se bonds w ere n o t issu e d b y T o p e k a , a t w h ic h p la c e t h e y
w e r e re g iste re d , b u t b y K a n s a s C it y , a n d th e s a le w a s r e
co rd e d in th e C h r o n i c l e A u g u s t 6 , 1898.
T u la r e C o u n ty ( C a l .) , A s h S p r i n g s S c h o o l D i s t r i c t —
Bond Election.— A n e le c tio n w ill be h e ld t o -d a y ( A u g u s t 2 0 ,
1893) to v o te o n th e q u e s tio n o f is s u in g $40 0 87 b o n d s.
V a ils b u r g h ( B o r o u g h ) , N . J .— B o n d Offering.— P r o p o s a ls
w ill b e re ce iv e d u n til' 8 :3 0 p . si. A u g u s t 2 4 , 1898, b y th e
B o ro u g h C o u n c il, fo r $ 4 0 ,0 0 0 4 )^ 7 b o n d s, fo r th e c o n s tr u c tio n
o f a w ater p la n t.
S e c u ritie s are in d e n o m in a tio n o f $ 1 ,0 0 0 ;
in te re st w ill be p a y a b le se m i a n n u a lly a u d t h e p r in c ip a l w i ll
m a tu re $ 30 ,0 00 in 15 y e a r s a n d $ 3 0 ,0 0 0 in 3 ) y e a r s f r o m d a te
o f issue. B o n d s m a y b e e ith e r re g is te re d or c o u p o n , o r b o th .
V a l l e y C o u n ty , N e b .—Bonds Registerei. — O 11 A u g u s t 9 ,
1898, the c o u n ty re g iste re d w ith th e S e c re ta ry o f S ta te $3 3,000 r e fu n d in g b o n d s .
W a l t o n ( D e la w a r e C o n n t y , N , Y . , ) U n i o n F r e e S c h o o l
D i s t r i c t N o . 1 .—Bond Offering. — P ro p o s a ls w ill be r e c e iv e d
u n til S ep te m b e r 1, 1898, by A . D . P e a k e , P r e s id e n t B m r d o f
E d u c a tio n , fo r $ 1 0 ,0 0 0 47 co u p o n bo n d s.
S e c u r itie s are in
d e n o m in a tio n o f $ 1 ,0 0 0 , d a te d J u ly 1 ,1 8 3 8 : in te r e s t w i ll b e
p a y a b le J a n u a r y 1 and J u ly 1 in th e c it y o f N e w Y o r k . P r i n
c ip a l m a tu re s $ 3,0 0 0 y e a r ly on J u ly 1 fr o m 19 4 t o 1 9 1 8 , in
clu s iv e ,
B o n d s are issu e d p u r s u a n t to a re s o lu tio n a d o p t e d
a t an ann ual m e e tin g o f sa id s c h o o l d is tr ic t h e ld A u g u s t 1 ,
1 8| 8 , and in c o n fo r m ity w ith C h a p te r 2 78 o f L a w s o f 1893.
W e s t e r ly , E , \.—Temporary Loan .— T h e to w n h a s b o r
r o w e d fr o m C u r tis & M o tle y , B o s to n , $ 1 - , " 0 1 a t 2 9 1 ' . L o a n
5
m a tu re s J a n u a r y 1, 1899.
■White H a l l , I I I . -No Bond Election.— M r . B . J . P e a r c e ,
S e c re ta ry B o a rd o f E d u c a tio n , w rite s u s t h a t th e r e p o r t in
s o m e o f the p a p ers th a t th is d is tr ic t c o n te m p la te s h o ld in g a n
e le ctio n to v o te $ 5 ,0 0 0 b o n d s is in c o r r e c t.
M r . P e a r c e s ta te s
th a t “ this sc h o o l d is tr ic t w ill n o t v o te on b o n d s , h a s n o t
v o te d , and h a s n o b o n d s fo r s a le .”
20, 1898, J
THE
C H R O N IC L E ,
W h i t m a n C o u n t y ( W a s h .) S c h o o l D i s t r i c t N o . 3 7 . — Bond
A u s u s t 6 , 1898, th e d is tr ic t so ld to W . E . B e ll,
S p o k a n e , a $500 8 £ o y e a r b o n d a t 1 00-30 a n d b la n k l i t h o
g r a p h e d b o n d.
W o o d f o r d C o u n ty , K y .— Bond Election.—A n e le c tio n w ill
b e h e ld in N o v e m b e r to v o te o n th e q u e s tio n o f is s u in g $ 4 0 ,000 tu r n p ik e b o n d s.
Sale—O n
STATE AND CITY DEBT CHANGES.
B e a d le C o u n ty ,
S.
D a k .— W . M . R o g e r s , A u d i t o r .
H uron
is th e c o u n ty se a t.
B o n d e d d e b t J u l y 2 , ’ 9 8 . $ 4 5 ,0 0 0
F l o a t i n g d e b t ......................
3 8 ,9 3 4
T o ta l d e b t J u ly 2 ,1 8 9 8 ..
8 3 ,9 3 4
A s s e s s e d v a l u a t i o n , r e a l . 2 ,7 1 3 ,7 4 2
A s s e s s e d v a l u a t i o n , K K .. 4 2 3 ,8 1 4
A s s e s s e d v a l u a t i o n , p e r ’ l 4 3 7 ,7 8 5
D a ll a s ,
A u d ito r .
T e x a s .— J n o . H . T r a y lo r , M a y o r ; C . G . M o r g a n ,
T h is is th e c o u n ty se a t o f D a lla s C o u n ty .
W h en D u e.
F u n d in g B o n d s—
8 s , M & S , $ 2 7 , 0 0 0 . . . .S e p t ., 1 9 0 4
6 s , A & O , 1 0 0 , 0 0 0 . . . . A p r .,
1917
5 g , J & J , 1 9 7 ,0 0 0 g ..J u ly ,
1931
G en eral I m provem ent—
6 s , M & J f, $ 1 0 0 ,0 0 0 .........N o v ., 1 9 1 3
S u b je c t t o c a l l N o v ., 1 9 0 3
Se w e r a g e I m pro vem en t Gold
B o n d s 1 8 9 0 -1 8 9 1 —
5 s , J & J , $ 1 5 0 ,0 0 0 ........ J u l y 1 , 1 9 2 0
5 s , J & D , $ 1 5 0 ,0 0 0 ........J u n e , 1 9 3 1
St r e e t I m p r o v e m e n t B o n d s—
5 g ,F & A , $ 1 9 9 , 0 0 0 . . . . A u g .,
1928
5s, J & J,
1 8 5 ,0 0 0 ....J u ly ,
1929
T e x a s & P a c if ic K R . 1 8 7 4 —
7 s , A & O , $ 6 3 ,0 0 0 .......A p r ., 1 9 0 4
LOANS—
LOANS—
W hen D u e.
W a t e r Su p p l y 1 8 8 4 -’9 1 —
6 s , J & D , $ 9 5 ,0 0 0 ___ D e c .,
1914
5a , J & J ,
9 9 ,0 0 0 ....J u ly ,
1917
5s, J & J ,
2 0 0 , 0 0 0 . . . .J u l y 1, 1 9 2 0
5g, J& J,
6 6 ,0 0 0 g ...J a n .,
1921
5 s , J & D , 1 0 0 ,0 0 0 . . . . J u n e ,
1931
W a te r W o r k s 1882—
6s, J& J,
$ 9 8 , 0 0 0 . . . . J a n .,
1902
F o r m e r c it y o f F a s t D cilla s.
Co n s t r u c t io n & I m p r o v e m e n t
B on d s63, J & J , $ 1 5 ,0 0 0 ..............J u l y , 1 9 1 6
6 s , J & J , 4 0 , 0 0 0 ..............J u l y , 1 9 1 8
6s, J & J ,
8 , 0 0 0 ..............J u l y , 1 9 1 9
P u b l i c Sc h o o l B u i l d ’ g B o n d s 68, J & J , $ 1 3 ,0 0 0 ..............J u l y , 1 9 1 6
I N T E R E S T o n th e T . & P . b o n d s is p a y a b le a t A u s tin , T e x a s , b y
S t a t e T r e a s u r e r ; o n t h e E a s t D a ll a s b o n d s d u e i n 1 9 1 6 , a t t h e L a c l e d e
B a n k , S t. L o u ie , M o .; o n t h e s t r e e t i m p r o v e m e n t 5 s d u e i n 1 9 2 8 a n d
1 9 2 9 a n d th e s e w e r a g e im p r o v e m e n t d u e i n 1 9 2 0 , a t t h e S e a b o a r d
N a t io n a l B a n k , N e w Y o r k ; o n a l l o t h e r b o n d s b y t h e N e w Y o r k S e
c u r it y & T r u s t C om p a n y .
T O T A L D E B T , E t c . — T h e s u b j o in e d s t a t e m e n t s h o w s t h e c i t y 's
b o n d e d d e b t , e t c ., o n t h e d a t e s n a m e d .
NEW LOANS.
TO T H E H O L D E R S OF
VirginiaDeferredCertificates
F eb. 1 9 , ’ 9 8 .
$ 1 , 9 2 0 ,0 0 0
3 ,2 8 0
T o t a l d e b t ....................................$ 1 , 9 1 8 ,8 0 7
S i n k i n g t n n d c a s h a s s e t s ............
7 8 ,4 9 ]
S ep t. 1 , ’ 9 7 .
$ 1 ,9 2 9 ,0 0 0
5 4 ,3 8 2
$ 1 ,9 2 3 ,2 8 0
9 1 ,4 9 1
$ 1 ,9 8 3 ,3 8 2
4 4 ,8 9 2
N e t d e b t .........................................$ 1 , 8 4 0 ,3 1 6
$ 1 , 8 3 1 ,7 8 9
W a t e r d e b t ( in c l u d e d a b o v e ) . . . $ 6 5 8 ,0 0 0
$ 6 5 8 ,0 0 0
T h e c i t y o w n s p r o p e r t y v a l u e d a t $ 1 ,5 0 0 ,0 0 0 .
$ 1 , 9 3 8 ,4 9 0
$ 6 6 1 ,0 0 0
D E B T L I M I T A T I O N . —T h e b o n d e d d e b t o f t h e c i t y o f D a ll a s is
l im i t e d t o a b o u t $ 2 , 0 0 0 ,0 0 0 b y s p e c i a l a c t o f t h e S t a t e L e g is la t u r e .
W A T E R W O R K S .— I n th e y e a r 1 8 9 7 th e r e v e n u e fr o m w a te r w o r k s
w a s $ 6 8 ,0 0 0 .
V A L U A T I O N . —T h e c i t y ’s a s s e s s e d v a l u a t i o n a n d
ra te h a v e b e e n as f o ll o w s ;
ta x
P erson al
P ro p erty .
$ 4 ,3 0 1 ,8 5 0
4 , 8 3 9 ,1 5 0
4 , 7 2 3 ,8 0 0
4 , 1 7 4 ,2 0 0
5 ,2 4 3 ,7 2 5
T o ta l A s s e s s e d B a t e o f T a x
Y ears.
B e a l E s ta te .
V a lu a ti o n .
p e r $ 1 ,0 0 0 .
1 8 9 7 ............... $ 1 7 ,1 8 4 ,1 0 0
$ 2 1 ,4 8 5 ,9 5 0
$ 2 5 -0 0
1 8 9 6 ............... 1 7 ,1 4 0 ,7 0 0
2 1 ,9 7 9 ,8 5 0
2 5 -0 0
1 8 9 5 ............... 1 6 ,9 0 4 ,1 2 5
2 1 ,6 2 7 ,9 2 5
2 5 -0 0
1 8 9 4 ............... 1 6 ,7 8 0 ,7 0 0
2 0 , 9 5 4 ,9 0 0
221 8 9 3 ............... 1 7 ,8 8 7 ,8 7 5
2 3 , 1 3 1 ,6 0 0
231 8 9 0 ........................................
3 3 .0 0 0 .
000
2 3 -2 5
1 8 8 9 ........................................
2 3 .0 0 0 .
000
P O P U L A T I O N .— I n 1 8 9 0 p o p u la t io n w a s 3 8 ,0 6 7 ; in 1 8 8 0 it w a s
1 0 .3 5 8 . T h e e s t im a t e d p o p u l a t i o n o f 1 8 9 5 w a s 6 5 ,0 0 0 , w h ic h in c lu d e d
s e v e r a l a d ja c e n t s u b u r b s r e c e n t ly a n n e x e d .
D e lr a y , M i c h .— G e o r g e P . M o o g , C le rk .
W a y n e C o u n ty .
LOANS—
W hen D u e.
W a te r W o r k s B on d s—
5 s , J & D , $ 5 0 ,0 0 0 ......................... 1 9 2 8
B o n d e d d e b t J u ly 1 ,1 8 9 8 .$ 5 0 ,0 0 0
F l o a t i n g d e b t ...........................
2 ,0 0 0
T o t a l d e b t J u l y 1 , 1 8 9 8 5 2 ,0 0 0
T h is v illa g e is in
A s s e s s e d v a l ’ a t io n ,r e a l .$ 2 ,0 0 0 ,0 0 0
A s s e s s e d v a l ’ a t i o n ,p e r ’ l
5 0 0 ,0 0 0
T o t a l v a l u a t i o n 1 8 9 8 .. . 2 ,5 0 0 ,0 0 0
A s s e s s m e n t a b o u t % a c tu a l v a lu e .
V i l l a g e t a x ( p e r $ 1 ,0 0 0 ) ’ 9 8 . $ 4 - 0 0
P o p u l a t i o n in 1 8 9 8 w a s .......... 3 ,0 0 0
INTEREST payable attbe City Savings Bank, Detroit.
E r i e C o u n t y , N . Y .— J n o . W . N e f f , A u d i t o r ; W a d s w o r t h
J . Z it t e l. T r e a s u r e r .
C o u n ty s e a t is B u ffa lo .
LOANS—
W h en D u e.
Co u n t y B o n d s—
7 s , J & J , $ 3 0 0 , 0 0 0 ............. 1 8 9 9 -1 9 0 7
7 s , J & J . 1 0 0 ,0 0 0 ............. 1 9 0 7 -1 9 1 0
6 s , M & N , 1 0 0 ,0 0 0 ............. 1 9 1 1 -1 9 1 4
4 s, M & N . 2 1 , 0 0 0 ............. 1 8 9 9 - 1 9 0 4
( $ 3 ,5 0 0 y e a r l y o n M a r c h 1.)
4 s , J & J . $ 1 8 ,0 0 0 ..............1 8 9 9 -1 9 0 1
( $ 6 ,0 0 0 y e a r l y o n J u l y 1.)
4 s , M & N , $ 7 0 ,0 0 0 ........... 1 9 0 0 -1 9 0 7
( $ 7 ,0 0 0 y e a r l y o n N o v . 1.)
N EW LOANS.
§750,000
M O BI L E ,
A u g . 1 5 ,’98.
. $ 1 ,9 0 5 ,0 0 0
1 3 ,8 0 7
B o n d e d d e b t . ..
F lo a tin g d e b t .
ASSESSED
T o t a l v a l u a t i o n 1 8 9 7 . . . $ 3 ,5 7 5 ,3 4 1
A s s e s s m e n t a b o u t a c t u a l v a lu e .
S t a t e a n d C o u n t y t a x (p e r
$ 1 ,0 0 0 ) 1 8 9 7 ................................ $ 9 - 0 0
P o p u l a t i o n i n 1 8 9 0 w a s ----- 9 ,5 8 0
P o p u la tio n in 1 8 9 8 ( e s t .) ...1 9 ,100
391
_
A ugust
LOANS—
W h en D u e.
C o u n t y B o n d s - (C o n .)
4s, F & A , $ 3 0 ,0 0 0 .... 1 9 0 2 to 191 2
( $ 1 0 ,0 0 0 e v e r y f if t h y e a r .)
T o t a l d e b t A u g . 1 , 1 8 9 8 .. $ 6 3 9 ,0 0 0
A s s e s s e d v a l ’ n . r e a l . . . . 2 7 2 ,1 9 5 ,9 5 4
A s s e s s e d v a l ’ n , p e r s ’l.. 1 9 , 1 6 2 ,9 9 7
T o t a l v a l u a t i o n 1 8 9 7 ..2 9 1 ,3 5 8 ,9 5 1
S t a t e & C o . t a x p e r $ 1 0 0 0 ’ 9 8 . $ 4 -7 6
P o p u la t i o n in 1 8 9 2 w a s . . . 2 7 8 ,7 2 7
P o p u la t i o n i n 1 8 9 0 w a s . . . 3 2 2 ,9 8 1
P o p u la t io n ’ 9 5 (p o lic e o e n .)4 0 3 ,0 2 6
NEW
LOANS.
C O M M ON W EA LT H OF
ALABAMA, M A S S A C H U S E T T S .
T h e undersigned, at the reauest o f h olders o f a large
am on n t o f t h e Certificates, h ave agreed t o act as a
W a te r -W o r k s an d S ew erag e B o n d s.
com m ittee, and, in c o n ju n c tio n w ith Col R P. t bew
M o b i l e , Ala., A u g. 5th, 1898.
o f W e s t V irginia, Vlrglniu s N ew ton o f V irginia, am j '
Sealed proposals fo r th e purchase o f $750,000
o th er em in en t citizens o f th e tw o States, t o m ake an
W a te r W o rk s and Sew erage B on ds o f th e c ity o f
eflort to obtain a com prom ise and se ttle m e n t o f th is
M obile, or any cortiun o f said issue, w ill be re ce iv e d
Inter State debt.
T h e Certificates (o r T ru st R eceipts representin g by tb e undersigned until tw elve o ’ clock, n o o n , on
Septem ber 12 th , 1898, at w h i:h tim e th e y will be
them ) sh ou ld be prom ptly d eposited w ith I J R O W N
pu b licly o pen ed and read.
BRO TH ERS & COM PANY, 39 W A L L
T h e se co u p o n bonds will ba in the sum o f on e
S T R E E T , N ew York City, so th at arrangem ents
thou san d dolla rs each, t o the am ount o f $700,000,
m ay be m ade in tim e to subm it a p rop osition to the
an d o n e hun dred dollars each to th e am ou n t o f
n e x t Legislature.
D eposits will be m ade un d er an A greem en t pro $50,000, and will he dated N ovem ber 1st, 18? 8, pay
able N ov e m b e r 1at. 1938, w ith Interest at fo u r and
viding, am on g oth er t h in g s :
1st. T h a t as soon as a m a jority o f th e Certificates o n e -h a lf per cent, payable semi- annually on th e first
are assem bled th e C om m ittee shall fo rm u la te a days o f M ay and N ovem ber in eat h year. P rin cip al
and Interest will be paid in law ful cu rren cy o f tb e
practicable plan o f settlem en t and subm it It to an
U nited States o f A m erica at th e Chase N ational
A d v is o r y B oa rd , con sistin g o f H O N . T H O S F
Bank, In N ew Y ork City, and at the F irst N ational
B A Y A R D , H on . W IL L IA M P IN K N E Y W H Y T E ,
Bank o f M obile, Alabam a.
H o n . E D W A R D J. P H E L P S and G E O R G E G .
T h e issuance o f these bon d s is au th orized by S e c
W IL L IA M S , E sq.
I f said plan b e recom m en d ed by th e B oa rd It shall tio n 21 o f th e Charter o f th e City o f M obile (A c ts o f
be published and su bm itted t o th e dep ositin g c r e d A labam a, 189&-7, pages 511-80) by a v o te o f th e peo
itors f o r th irty days. I f said plan be accep ted by ple o f M obile at a special election held o n A u g u st 2d.
holders o f a m ajority in value o f th e deposited c e r 1897, and by resolu tion o f the G eneral C ouncil o f the
tificates. it shall be binding on all, and shall be pre City o f M obile, app roved M ay »7tb, 18i8.
A ll bids m ust be accom panied by certified checks
sen ted to th e L egislature t o be carried in to e ffe c : by
f o r 2 per cent o f the am ounts bid fo r .
app ropriate legislation.
T h e right is reserved to reject any and all bids.
2d. T h e bonds, w hen received in settlem en t, shall
JO H N C R A F T ,
be assessed b y th e C om m ittee t o ,p a y th e c o s t o f
A . 8. LY O N 8,
settlem en t, but such assessm ent shall n o t e x ce e d
F inan ce Com m ittee o f the G eneral C ou ncil o f the
five per c e n t in cash o n par o f th e Certificates
City o f M obile. A labam a.
orig in a lly d eposited w ith th e C om m ittee.
I f th e Com m ittee find that a sa tisfa cto ry settle
m ent ca n n o t be prom ptly con clu d e d , th ey m ay assess I
holders so m uch o f tw en ty cen ts per fiOO o f Certifl- I
4S S T R E E T I M P R O V E M E N T B O N D S ,
cates as will reim bu rse their expenses incurred in J
B O R O U G H O F IIA S B R O U C It H E IG H T S ,
this behalf.
It is proposed to duplicate fo r th e creditors o f W est
S E A L E D P R O P O S A L S will be received at th e o f
Virginia th e undertaking by w hich th e V irginia debt fic e o f the BO R O U G H C L E R K until T U E S D A Y ,
was recently com prom ised.
S E P T E M B E R 6,1898. fo r th e purchase o f $12,000 to
N egotiab le R eceip ts will be issued fo r Certificates $15,0001 p e r c e n t 18 to 30 year bonds, d en om ination
o r f o r i h e T ru st R eceipts representin g them .
$1,000. B on d s will bear date Septem ber 1, 1898; in
terest payable soini annually.
A cop y o f tb e A g reem en t will b e m ailed to any ad
dress given th e Secretary.
Each bid m ust be accom panied by a certified ch e ck
•JOHN C R O S B V B R O W N , C h a i r m a n .
f o r $300, to b e drawn to the order o f the Mas o r and
GEORGE COPPELL, I
C ouncil, B orough o f H asbrou ck H eigh ts. D eposits
will be returned to unsuccessful bidders.
.1. K E N N E D Y T O D ,
) C o m m it t e e .
CLARENCE C A R Y,
J
A ll bids m ust be sealed and m arked “ B on d B id,”
en clo se d in a second en velope, addressed to tb e
R O B E R T L. H A R R IS O N , S ecretary.
Clerk.
C A R Y & W H IT R ID G B , Counsel, 59 W all Street.
Bonds aw arded m ust b e taken im m ediately a fte r
n o tice that they are read y fo r delivery.
Circular containin g fu 1 inform ation u pon app li1
cation .
C H R O N IC L E V O L U M E S F O R S A L E .
T h e rieh t is reserved to re je ct any and all bids.
G. II. R A M S D E N ,
W IL L IA M B. D AN A COM PANY. 7flK Pine 3\ ,N .Y .
B orou g h C 'erk.
1 2,000]to 15.000
TREASU RY.
B o s t o n , A u g u s t 18, 1898.
Sealed proposals f o r the pu rch ase o f M assachu
setts R e g is t e r e d G old Bon ds to the am ou n t o f th re e
m illio n nine hun dred thou san d dolla rs ($3,900,000)
w ill be re ce ive d at tb is office until tw e lv e o ’ clock ,
n oon , on M onday. A u g u st 22,1898, at w h ich tim e th ey
w ill be pu b licly o pen ed and read.
T h e loans offered are as follow s, v iz :—
$1,000,000 3 per cen t G o ld , .d u e
300,000 3}<j per c e n t G o ld , .du e
1.500.000 3J^ per cen t G old, .du e
1.100.000 \\% per c e n t G o ld , .d u e
A p ril 1,1928.
A p ril 1,1928.
M ay 1,1928.
J u ly 1,1938.
T h e se lo a n s will be issued in R e g iste re d bonds o f
o n e th o u sa n d dollars ($1 ,000) and m ultiples th e re o f,
and are authorized bv A c ts o f th e L egislatu re and
orders o f th e G o ve rn o r and C ou ncil o f th e C om m on
w ealth o f M assachusetts.
P rincipal and sem i-ann ual in terest w ill b e paid in
G o ld Coin o r its e qu ivalen t a t the office o f th e T r e a s
u re r o f t b e C om m onw ealth In Be ston.
T h e righ t is reserved to r e je c t an y o r all bids.
A l l b id s m u s t be a c c o m p a n ie d b y c e r tifie d
c h e c k s fo r t w o p e r c e n t (*2£) o f th e a m o u n t s
b id f o r .
E. P. S H A W ,
Treasurer and R eceiver-G en eral.
N O T I C E OF REDEMPTION.
SALT
LAKE
CITY.
T h e City T reasu rer will pay at his office, Septem ber
first, 1898, th e en tire issue o f $500,000 Salt L a k e City
bon d s o f 1888. Interest ceases Setem ber i .
O rdered by the C ouncil, A u g. 16, 1899. L egal n o tice in Salt Lake Par ers.
G. H . B A C K M A N ,
City R ecorder.
§35,000
41%
L o rain C
ounty
, O..
(E lyria County Seat)
C H IL D R E N S ’ H O M E BO N DS.
A ssessed v a lu a tio n ......................................... $18,900,000
T otal d eb t (th is issue o n ly )................. .........
35,000
P op ulation, 00,000.
P rice and particulars upon application.
BRIGGS. SMITH & CO.,
3 5 E a s t T h ir d S t r e e t ,
-
C in c in n a ti, O h io .
83
35
T il E
392
E r a us to n ( I J 1 .)
S u p e r in te n d e n t.
School
D i s t r i c t .— H o m e r
LO AN S—
lI 'A m IH ir
4 .-, e r iu l i n , $ 4 , 0 0 0 . . A y r . 1 . 10 1 3
4s.
m l-iU i.. 3 1 , 0 0 0 . . A p r . 1, 1 0 1 2
( $ 4 ,5 0 0 d u o y 'r l y ) t o Al>r. 1. 1 0 1 0
K m i'N l.lk G B o M 'fr
4 s . A .CO , $ 3 0 , 0 0 0 , - . . A p r . 1, 1 8 9 9
( 8 4 , 5 0 0 d u e v ’ rljr) t o A p r . 1, 1 9 0 3
( $ 2 , 0 0 0 A p r . 1 , 1 9 0 9 , a m i $ 4 ,5 0 0
o n A p r . 1 , 1 9 1 0 a n d 1 9 1 1 .)
H.
C H R O N IC L E .
K i n g s l e y .;
I B o n d e d d o b t A u g . 1 , '0 8 . $ 9 0 ,0 0 0
] A * * t'S H cd \ H tu u U 'J U .roid .2 ,ooo.O O O
: A s -t e m e d v a l u a t i o n . p e r ’ i 3 0 0 ,0 0 0
T o t a l v a l u a t i o n 1 8 9 0 . . . 2 ,3 0 0 ,0 0 0
I A s s e s s m e n t a b t . 1'-’
a c tu a l v a l.
] T a x r a r e ( p e r $ 1 ,0 0 0 ) 1 8 0 8
i
( a v e r a g e ) ...................................$ 1 0 0 0
|
( i a l v c s t o u , T e x a s . -A . W . F l y , M a y o r ; T h e o . K . T h o m p
so n , A u d ito r .
G a lv e s to n is th e c o u n ty se a t o f G a lv e s to n
C o u n ty .
LOANS—
W h en D u e.
LO AN S—
What Due.
F tis p is e . B o n u s—
5 s . M A X , $ 2 0 0 ,0 0 0 ..........1 0 0 5 -1 9 1 5
5s........... 2 0 0 ,0 0 0 ........ 1017-1937
L im itkii d k b t B onds 1881—
5 » , .........$ 1 , 3 0 0 , 0 0 0 .......... 1 9 2 1 -1 9 2 7
L im it e d d k b t Bo n d s 1 8 9 1 os,
$ 1 ,1 9 5 . 0 0 0 ..........1 9 3 2 -1 9 3 (3
PtlRCMASB BLOCK 3 2 1 8 ', M A S , $ 1 4 ,0 0 0 ...M ar. ’ 9 9 to ’02
< $ 3 ,5 0 0 lin e e a c h y e a r .)
Sc h o o l H o u s e B o n u s—
5a.............
$25,000..............1937
W a t e r , 8 t k ., I m p . & C i t y H a l l
B on d s—
5a,..... $600,000........ 1928-1930
5 s ,....,
5 8 . 0 0 0 .........................1 9 3 6
PAR VALUE OF BONDS.—Tho limited debt, bonds a r e $100and
m u l t i p l e s t h e r e o f.
INTEREST is p a y a b le in N e w Y o r k a n d G a lv e s t o n . A l l c o u p o n s a r e
t a x r e c e iv a b le T O T A L DEBT, E T C . —T h e s u b j o in e d s t a t e m e n t s h o w s G a l v e s t o n 's
t o t a l b o n d e d d o b f . f i n c l u d l n g t h e w a t e r d e b t , t h e f lo a t i n g d e b t , e t c .
J v l y A 1 / 9 8 . F e b . 2 8 , ’ 9 8 . F eb . 2 8 ,'9 7 .
T o t a l b o n d e d d e b t .................................. $ 3 , 6 5 2 ,0 0 0 $ 3 , 6 4 7 , 5 0 0 $ 3 ,4 2 6 ,0 0 0
F l o a t i n g d e b t ............................................
1 9 8 ,7 1 6
8 2 ,1 5 4
1 9 8 ,9 7 0
T o t a l d e b t ........................................... $ 3 ,8 5 0 ,7 1 6
S i n k i n g fu n d , & c .....................................
8 0 4 ,2 4 5
$ 8 , 7 2 9 ,6 5 4
7 7 3 ,1 0 7
$ 3 , 6 2 4 ,9 7 0
6 8 6 ,1 5 3
N e t d e b t , l e s s e a s li in v a r 's f u n d s .$ 2 , 9 5 8 ,4 8 6 $ 2 , 8 5 2 ,2 1 7 $ 2 , 8 6 0 ,7 1 3
I n a d d it io n t o th e s i n k i n g f u n d , a s g i v e n a b o v e t h e c i t y o w n e d in
1 8 9 8 $ 5 2 8 ,7 0 0 o f w h a r f o o m p a n y s t o c k a n d $ 1 0 ,0 0 0 o f C it y R a ilr o a d s
s t o c k (th e i n c o m e o f b o t h p l e d g e d t o s e c u r e i t s l im i t e d d e b t 5
p e r c e n t b o n d s ) , a w a t e r w o r k s p l a n t v a l u e d a t a b o u t $ 1 ,5 0 0 ,0 0 0 , an
e l e c t r i c lig h t p la n t , e t c ., e t c ., t h o t o t a l v a l u e o f i t s p u b l i c p r o p e r t y
b e i n g $ 3 ,6 1 8 ,9 7 3 .
T h e s i n k i n g fu n d r e c e iv e s y e a r l y a n a m o u n t e q u a l t o 2 p e r ce n t, o f t h e
o u ts ta n d in g b on d s.
DEBT L I M I T A T I O N . —T h o c i t y c a n is s u e b o n d s o n l y w i t h le g la la Jva a u t h o r i t y a n d la f o r b id d e n t o m a k e l o a n s f o r r a i l r o a d a id .
A S S E S S E D V A L U A T I O N .—T h e c it y ’s a ssessed v a lu a tio n “ a b o u t
4 5 p e r c e n t a c tu a l v a lu e ," a n d t a x r a te h a v e b e e n as f o l l o w s :
IN V ESTM EN TS.
P erson a l
C
0
C
ity o f
INTEREST on the $22,000 loan payable at the Garfield Savings
Bank SlenvUla.
H ig h la n d P a r k , M i c h ,— J . W i l l i a m B r e n k e r t, C le r k , T h is
v illa g e is in W a y n e C o u n ty .
W a te r b o n d jt,........................ $ 2 2 ,5 0 0 l A * seaguil v a lu a tio n '9 8 .$ 1 ,4 0 1 ,8 6 5
E le ctric-lig h t b o n d s ...........
2 ,5 0 0 V illa g e ta x (p a r $ 1 ,0 0 0 ) ’ 9 8 ..$ 5 '-5 0
B o n d e d debt. J u ly 1,
2 5 ,0 0 0 I P o p u la tio n in 1 8 9 8 (e s t).............5 5 0
J o h n s t o w n , N . Y .— N . J . S to lle r , C b a m b e r la in ; W . W .
C ro u se , C le rk .
T h is c it y is in F u lto n C o u n ty ,
Net debt July 1 .1 8 9 8 ... $218,000
‘
W a l t debt (included).,
H 5 .0 0 0
Assessed valuation, real.3,234,450
Assessed valuation,pi-r'l. 1,022,963
Total valuation 1.898___ 4,257,413
Population in 1893 (est,)... 10,000
IN T E R E S T on seliool bonds payable at the Johnstown Bank.
LOAN.,
W hen Due,.
Sch o o l B o n d s—
4 s , J 4 -D , $ 2 2 , 5 0 0 . . . J u n e 1 5 , 1 9 1 4
( $ 2 , 5 0 0 d u e y 'r l v ) t o J u n e 1 5 , 1 9 2 3
B o n d e d d e b t J u l y 1, *98. $ 2 2 3 ,0 0 0
S i n k i n g f u n d ..........................
5 ,0 0 0
M e r id e n , C o n n .— A m o s Iv e s , M a y o r ; H e r m a n H e s s , C it y
C le rk . T h e to w n a n d c ity o f M e r id e n are s itu a te d in N e w
H a v e n C o u n ty . D u r in g th e y e a r 1896 th e to w n o f M e r id e n
v o te d to c o n so lid a te th e s c h o o ls a n d a s s u m e th e d e b t o f a ll
th e school d is tr ic ts , a m o u n tin g to $ 5 1 ,0 1 0 4 5 .
LO A N S —
AND
Cit y
op
Meh
T
own op
M e iu
bkn
. 0
0
0
in cin n a ti
Rudolph Kleybolte & Co.,
BAN KERS.
1 B ro a d S tre e t. N ew Y o r k .
3 5 N a ssa u S tr e e t. N e w Y o r k .
A D AM S & C O M P A N Y ,
PUBLIC SECURITIES
S U IT A B L E
FO B
D E A L E R S IN
SAVINGS BANK AND T R U S T
FUNDS.
M em bers o f B oston S tock E x ch a n g e .
L IS T S
N o . 7 C o n g re ss and 31
S ta te S tr e e ts,
BOSTON
M A IL E D
Farson,
B
o n ds—
War and High School........0 ,4 L j & 4 ....
4 0 W a t e r S tr e e ts B o s t o n .
INVESTMENT BONDS,
--------- P r i n c i p a l . ------------ ,
W h e n D u e . O u ts la n d 'g ..
City improve't bonds. 1S7G 6
J & J | J$ io j’iOO yVsu-iy9 ( $10,000
Fiindinglmnds...........1895 4
J & ,T
July 1, 1914'
50,000
Sewer bonds................1893 4
M -V N May 1 ,1 9 0 0 t o ’13
135,000
$10,000 duo y’rly, for 13 yes., $5,000 in 14 y r s .
Water bonds............... 1889 Si3 J & u
June 1, 1898
40,000
$20,000 duo yearly to June 1, 1900
................1893 4
M & N May 1,1901 to ’l l
210,000
do
$20,000 due v’rly for 10 vrs„ 810,000 in 11 vrs.
do
..1895-’96-’97 4
J & J July 1 ,1 9 1 1-’12-’13
50,000
FO R SA L ® BY
BANKERS
P a le. P a y a b le .
id e n b o n d s —
SOLD.
R. L. D A Y & CO.,
— Interest.— -.
N M and PU PO A E
R SE
Price and full particulars on application.
BOUGHT
O ily T a x
( ile n v lllc , S c h o o l D i s t r i c t , Ohio.—W i l l i a m J . B o y d , C le rk
B o a rd o f E d n c a tio n .
LOAN SW hen D u e. |A sse sse d v a lu a t io n * 9 8 .$ 1 ,2 0 9 ,0 0 0
5s, ,i * i ) , $ 3 9 ,0 0 0 ........... 1899-1912 Population in 1898 (est.)....5 ,0 0 0
B o n d e d d e b t A u g. 1 , '9 8 ..$ 1 2 ,0 6 0 I
3 %% 2 0 - 4 0 Y e a r W a t e r - W o r k s B o n d s
3 % Bonds
T o ta l A s s 'll
T ea rs.
P e a l E sta te.
P ro p erty .
V a lu a t i o n , p e r $ 1 ,0 0 0
1 8 9 7 .................................$ 2 2 ,5 54 ,6 18 $ 1 ,7 2 2 ,0 3 6 $ 2 7 ,2 7 6 ,6 5 4 $15-90
189 6 ............................... 20,06 7,8 0 4
6.07 9 .12 4
2 5,1 4 6,9 2 8
15-00
1 8 9 5 ...................
1 9,8 1 8 ,0 5 6
6 ,5 4 3 ,4 9 6
2 5 ,3 0 1 ,5 5 2
15-0 0
1 8 9 0 ............................... 1 5,970.935
6 ,0 6 2 ,8 9 0
2 1.0 3 3 .8 3 4
15-00
1 8 8 1 ..................................................................................
1 7,6 2 5 ,8 6 2
..........
POPULATION ill 1 890 w as 2 9 ,0 8 4 ; In 1 88 0 it w a s 2 2.2 4.8; in
1 8 7 0 i t w a s 13,813. P o p u la tio n in 1897 (e s tim a te d ), 6 4 ,3 7 7 .
IN V ESTM EN TS.
jg » 5 0
UNITED S T A T E S
! » > l , LX\I1.
ON
A P P L IC A T IO N
Leach & Co.
C H IC A G O ,
1 0 0 D earbo rn S t.
NEW YO R K
3 5 N a s s a u S t.
E D W A R D C. J O N E S CO,
1 8 9 6 to l9 1 2
260,000
IN V ESTM EN TS.
WILSON & STEPH ENS*
41 WALL ST., N. Y., BUY
AND CELL OU T RIG H T OR*
ON COMMISSION S T A N
DARD RAILROAD A N D
MUNICIPAL BONDS. U N
DERLYING AND S H O R T TIME BONDS FOR BANKS
AND IN ST IT U T IO N S A
SPECIALTY. LISTS OF
O FFERING S ON APPLI
CATION.
$175 ,0 0 0
Los Angeles Ti action Co.
1 st M o r t g a g e 6j£ & 0 -y e a r G o ld B o n d s .
T o ta l issue $250,000.
First M ortg age a t $14,000 per m ile.
Net earnings f o r 28 m o n th s o f o p e ra tio n , $09,086 SB'
equ ivalen t t o 12# o n th e total Issue o f bond s.
P o p u la tio n o f L o s A n g e le s 108,079.
Send f o r fu ll d e s crip tio n o f property.
E. H. ROLLINS & SONS,
1 9 M ilk S tr e e t. B o sto n . M a s s.
MASON, LEWIS & CO.,
DEALERS IN
BAN KERS.
Municipal, Railroad,
Street Railway and Gas
BONDS.
S y r a c u s e , N . Y . , R a p i d T r a tm it t t ’ w a y 5 b .
N EW YORK,
1 NASSAU STRE ET.
P H I L A D E L P H I A - 421 C H E S T N U T ST.
Francis Ralston Welsh,
9 7 M ilk S tre e t, B o sto n ,
171
L a S a lle S tr e e t, C h ic a g o ,
IN VESTM EN TS.
Municipal, Railroad and other
BONDS.
OFFICE F O E S A L E :
S t a t e o f M n s a a c l i u a e t t a . . . . . . . . . ............ , ........
E a a t c li e a t e r , N* Y .................................................... 4 h
G l a s t o n b u r y , C o n n . . . ..... . ................................., 4 n
S t o w e . V t ............ ............................
4s
R e n o C o u n t y , K a n s a s ..... . ....... .......................4 W *
L a k e C o u n t y , l u d .....................................................5 s
M o n i e u e e , III . . . .......................
......5 a
A n d O th er D esirable S ecurities.
823 C H E S T N U T S T R E E T P H I L A D E L P H I A .
Blodget, Merritt & C o .3
BANKERS
16 Congress Street, Boston
S T A T E , C IT Y & R A IL R O A D
BONDj
MUNICIPAL BONDS.
E. C. S T A N W O O D Sis C o.
BAN KERS,
121 Devonshire Street.
BOSTON.
MUNICIPAL
BONDS.
S e c u r i t i e s N e t t i n g f r o m 3 1 . to 6 £
4
A L W A Y S ON H A N D .
Send f o r o u r In v e s tm e n t Circular.
DUKE M. FARSON, Banker,
M unicipal B ond*.
l S ^ B e a r b o r n S tr e e t.
tx&k ^ C H I C A G O .
A ugust
20, 1898.j
THE
C H R O N IC L E .
INTEREST on the city’s water and sewer and funding bonds is
payable at tbe Importers’ & Traders’ National Bank, New York; on
the improvement bonds at the Fourth National Bank, New York.
39S
S o m e rse t C o u n ty ,
LOANS—
Coupon B
Md.— P rin c e s s
W h en D u e
on d s—
-r n T A L DEBT, Etc —The city's bonded debt on August 1, 1898
was $195,000; floating debt, $100,500: total debt, $601,500. The
water debt (included in the above total) is $330,000. The town’s
total debt August 1, 1898, was $332,533 IS.
4i«3. A&O, $25,000.................1918
($1,000 in 1908 and $1,500
yearly) to................................1924
ASSESSED VALUATION of city in 1897 was $12,101,434; tax
rate (per $1,000), $10-50. The town of Meriden in 1897 had a grand
list of $13,873,789; tax rate, $10'50 per $1,000.
A n n e is th e c o u n ty seat.
5s, semi-an., $15,000....... . ...........
Bondeddebt July20,’98. $40,000
Assessed valuation 1896.4,600,00 O
Assessment about % aotual value.
Population in 1890 w as___24,155
o u g h is
Stroudsburg, P a .— J . B .
in M o n r o e C o u n ty .
Mich.— T h is
Im
Bon d s—
provem ent
5s, semi-an., $ 15 ,0 00 ... 1899-1901
W
ater
-W
B
orks
ond s—
.......... $40,000.................... 1914
(Subject to call after 1899.)
........ , $35,000........................1920
........., 20,000....................... 1924
P
a v in g
B
r id g e
B
on d s-
B
on d s—
58, semi an., $35 ,0 00 ... 1899-1903
5s, semi-an., $15 ,0 00 ... 1909-1913
Se
w er
B
Waltham, Mass.— Q-.
c it y is in S h ia w a sse e C o u n ty .
W h en D u e.
LOANS—
LOANS—
Cit y B
A lle n
P.
LOANS—
W h e n D u e . I Assessed valuation, real.$434 ,8 8 0
W ater B onds—
I Assessed valuation, per’i. 123,691
5s, semi-an., $25,000.May 1. 1914 I Total valuation 1898....... 558,571
Bonded debt July 15, ’98..$25,000 I Assessment abt. 60% actual vain©.
Sinking fund........................ 2,500 |Tax rate (per $1,000) 1898.$24 66
Net debt July 15, 1 8 9 8 .... 22,500 |
INTEREST payable at tbe Minnesota Loan & Trust Company,
Minneapolis.
Smith County,
T e x a s , - Joh n A . L o tt, T reasu rer.
P
T y le r ig
u b l ic
P
ark
Surface D
D u e.
IN V ESTM EN TS
Clearfield & Mahoning RR. 1st 6s, 1943.
Staten Island Ry. 1st 4>£s, 1943.
on d s-
r a in a g e
1, 1923
on d s—
Se
w er
B
on d s-
43, A&O,$120.000.......... 1899-1902
($30,000 yearly on Apr. 1.)
4s, A&O, $ 5 0 ,0 0 0 ....Oct. 1, 1911
Se
4s,
4s,
4s,
4s,
4s,
4s,
4s,
w e r
B
onds
( C o n .) —
A&O, $ 5 0 ,0 0 0 ....Apr. 1,1921
J&J, 10,000___July 1,19 0 2
J&J, 2 5,0 0 0....J uly 1,1922
J&J, 1 5 ,0 0 0 ....Dec.31, 1922
A&O, 1 0 ,0 0 0 ....Apr. 1,1923
A&O,
5 ,0 0 0 ....Oct. 1,19 2 3
J&J,
7 ,0 0 0 ....Jan. 1 ,19 2 7
W
ater
B
on d s—
4s, J&D, $ 7 5 ,0 0 0 ....Dec. 1,1898
4s, J&J,
9 ,0 0 0 ....Apr. 1,1906
4s, J&J,
6 ,0 0 0 ....Jan. 1,19 0 7
4s, J&J, 1 2 ,0 0 0 ....July 1 ,1 9 0 7
4s, J&J, 2 4 ,0 0 0 .... July 1 ,19 0 8
4s, J&J, 2 0 ,0 0 0 ....July 1, 1909
4s, J&J, 3 5 ,0 0 0 ....July 1,19 1 1
4s, J&J, 2 8 ,0 0 0 ....July 1,19 1 2
4s, J&J, 2 4 ,0 0 0 ....Jan. 1,1913
4s, A&O, 1 2 5 ,0 0 0 ... .Apr. 1, 1913
4s, J&J, 2 0 ,0 0 0 ....July 1,1913
4s, A&O, 1 0 ,0 0 0 ....Apr. 1,19 1 4
4s, A&O, 1 0 ,0 0 0 ....Oct. 1 ,1 9 1 4
4s, A&O, 1 0 ,0 0 0 ....Apr. 1,1915
4s, A&O, 1 0 ,0 0 0 ....Apr. 1.1916
4s, A&O, 3 0 ,0 0 0 ....Apr. 1,19 1 7
Bonded debt July 1 ,’9 s.$1,226,000
Water debt (included)..
448,000
Sinking funds...............
366,984
Net debt July 1, 1898..
859,016
Assessed valu’tion,real.14,339,500
Assessed valu’tion,per’l 4,489,524
Total valuation 1 8 9 8 ... 1 8 ,829,024
Tax rate (per $1,000) ’98...$16*00
Populatiou in 1890 was_ 18,707
_
Population in 1898 was----22,000
INTEREST is payable at tbe Boston Safe Deposit & Tr. Co., Boston.
___ I N V E S T M E N T S .
Whann & Schlesinger,
Hereiord Ry. 1st 4s, 1930.
Detroit Railway 1st 5s, 1924.
B
4s, J&J, $ 8 5 ,0 0 0 ... .Jan. 1, 1909
4s, J&J, 1 5 ,0 0 0 ....Jan. 1,1910
4s, J&J, 1 0 ,0 0 0 ....July 1,19 1 2
Net debt May, 1898....... $131,840
B on d s—
Assessed valuation, real.4,000,000
..6.............$19,800......................1898 Assessed valuation,per'1.2,500 000
R a il r o a d S u b s id y B o n d s —
Total valuation 1 8 9 7 ... 6,500.000
........... ,$ 1 1 7 ,00 0 ...... Aug., 1927
Assessment % actual value.
Subject to call after Aug . 1902 State & Co. lax (per $1,000).$10-80
Bonded debt May, 1893..$136,800 Population in 1890 w as... 28 320
Sinkingfimd......................
4,960 Population in 1898 (est )...4 0,0 0 0
w hen
B
48, A&O, $ 20 ,0 0 0 ... .Oct.
th e c o u n ty se a t.
LOANS—
P u b l ic B u il d in g
W h en D u e.
ond s—
4s, J&J, $28,0 0 0 ....Jan. 1.1899
4s, J&J, 2 8,000... .July 1.1899
4s, J&J, 19,000.. . .Jan. 1.1900
4s, J&J, 30,000__ Jan. 1.1901
4s, J&J, 3 1 ,0 0 0 ....July 1.1901
1.1902
4s, J&J, 25,000__ Jan.
4s, J&J, 2 6 ,0 0 0 ....July 1,1902
4s, J&D,
8 ,0 0 0 ....Deo. 31, 1202
4s, J&J,
3 ,0 0 0 ....Jan. 1,19 0 6
4s, J&J,
3 ,0 0 0 ....Jan. 1 ,1 9 1 2
4s, J&J,
2,0 0 0 ....July 1,19 1 2
4s, J&J, 2 5 ,0 0 0 ....Jan. 1,19 0 4
48, J&J, 27,000---- July 1,19 0 4
4s, A&O,
5 ,0 0 0 ....Apr. 1,1924
4s, J&J, 3 0 ,0 0 0 ....July 1,19 0 5
4s, J&J, 1 1 ,0 0 0 ....Jan. 1,1906
4s, J&J,
6 ,0 0 0 ....Jan. 1,1916
4s, J&J, 31,0 0 0 ....July 1,1906
4s, J&J,
5,000---- July 1,1916
4s, J&J,
5,000___ Jau. 1,19 0 7
4s, J&J,
1 ,0 0 0 ....July 1,1907
4s, J&J,
4 ,0 0 0 ....Jan. 1,1908
4s, J&J,
3 ,0 0 0 ....Jan. 1,1918
on d s-
W . K a le r , T r e a s u r e r :
in P ie r c e C o u n ty .
L . M a y b erry , M a y e r ; E . J. S an d er
T h is c it y is in M id d le s e x C o u n ty .
s o n , T re a su re r.
Bonded debt July 1, ’98. $161,000
Floating debt...................
4,000
Total debt July 1 ,1 8 9 8 .. 165,000
Sinking fund.....................
400
Net debt July 1. 1 8 9 8 ... 164,600
Assessed valuation, real.1,396,230
Assessed valuation,per’l. 335,805
Total valuation 1898---- 1,732,040
Assessment abt. 30% actual value.
Tax rate (per $1,000) 1898.$39 47
Population in 1890 was___ 6,564
Population in 1898 e s t .) ...l 1,000
58, semi-an., $1,000..................1904
River Falls, W i s . — A ,
Weld, C le r k , T h is c it y is
T h is b o r
LOANS—
W h e n D u e . I Assessment 40% actual value.
4s, an., $8,000............June 1, 1913 |Tax rate (per $1,000) ’9 7...$1 3 -0 0
Bonded debt June 17, ’9 8.$ i 8,000 I Population in 1890 was .......2,419
Assessed valuation ’98.$1,242,450 |Population in 1898 (est.)___4,000
POPULATION —Population of Meriden City in 1890 was 21,652
in 1830 was 15,540. Poiiulation of Meriden town, including the city,
was in 1890 25,423; in 1880, 18,340; in 1870,10,495
O w osso ,
W i l l i a m s , S e c r e ta r y .
MUNICIPAL
M ISCELLA N EO U S.
Now Ready.
BONDS,
Denver, Col., 6s, 1915.
Topeka, Kan., 5s, 1912.
"1 BROADWAY, NEW YORK.
Berkley, Va., Os, 1928.
Donglas Co., Ga., 6s, 1913-1918.
PRICES ON APPLICATION,
C. H. W H IT E & CO.,
GOOD
N E T T IN G 3 TO N P E R C EN T.
W a sh in g to n W a r r a n ts , Bonds and S ecui I
ties o f nil kinds Bought and Sold.
CALVIN PHIL'PS,
807-8-9 C A L IF O R N IA B U IL D IN G ,
T A C O iT I A .
W A S H IN G T O N .
BANKERS,
Hand-Book of RR. Securities,
INVESTM £ N T 8
S P E C IA L ,
FEATURE
Yearly Range of Prices
3 1 N A S S A U S T ., N K -* Y O R K .
W. Hampton Wade,
T ro w brid ge,
Ma c D o n a l d
& N iv e r C o .
A T T O R N E Y -A T -L A W ,
S1V4X\A H ,
G E O R G IA .
N ine year* practice In A labam a.
M U N IC IP A L
BONDS,
1st Nat. Bank Bldg.
• -
CHICAGO
F. R. F U L T O N & CO.,
M u n ic ip a l
171
LA
B onds,
SALLE
STREET
______C H I C A G O .
W. J.
Hayes & Sons,
BANKERS,
DEALER8 IN M UNICIPAL BOND8
Street Railway Bonds.and other high-grade In
vestments.
BOSTON, MASS.,
C lev e lan d , O hio,
T Exchange Place.
3 1 1 - 3 1 3 Su perior St,
Cable A M reu . "K E N N E T H ."
Price In L ig h t L e a th e r C o ve rs,
T o Subscribers ol the C h ronicle,
M. A.
-
# 1 0G>
7a
SPECIAL KATES FOR QUANTITIES.
WILLIAM, lb DANA COMPANY
70i£ P I N E S T N .
Six years In G eorgia.
Corporation L a w a Specialty.
Prom 1892 to July 1 ,1 8 9 8 .
Y ________
Devitt & Co.,
M U N ICIPA L BONDS.
F lr .t N a tio n a l B a n k : B u i l d i n g ,
CHICAGO.
CHRONICLE VOLUMES.
FOR
SIN CE
CHOICE MUNICIPAL BONDS
from SOUTHERN 8 WESTERN States,
c
y ie ld in g 4 to
-
-
-
-
N ew Y o rk ,
William E. Nichols,
15 W A L L STREET,
-
NEW
FORK
MUNICIPAL W A R R A N T S.
SEND FOB
1860.
APPLY TO
W I L L I A M IS. D A N A C O M P A N Y ,
ROSENBERGER & LIVERMORE,
F o r ty W a l l S tr e e t,
SALE
LISTS!
THW P in e
stre e t. N ew
Y o rk .
WM. F R A N K L I N H A L L ,
Accountant,
E x c h a n g e Building,
53 State Street
B 0 ST0N, MASS.
Books audited. Examinations and investiga
tions conducted with the utmost care
and efficiency.
394
THE
C H R O N IC L E .
[V ol . LXVII.
Insurance.
^financial.
1850.
180$.
The United States Life
Insurance Co.
O F F IC E O F T H E
ATLAN TIC MUTUAL
I N S U R A N C E CO.
N e w Y o r k , J a n u a ry 2 1 ,1 8 9 8 .
T h e T r u s t e e s , in c o n f o r m i t y w it h t h e C h a r te r
o f th e C o m p a n y , s u b m it th e f o llo w in g s t a t e
m o n t o f i t s a ffa ir s o u t h e 3 1 s t o f D e c e m b e r .
1897:
P r e m iu m s o n M a r in e R is k s fr o m
1 s t J a n u a r y ,1 8 9 7 , t o 3 1 s t D e
c e m b e r , 1 8 9 7 ................................... $ 2 , 8 4 4 , 0 3 8 61
IN T I1 E C I T Y O K N E W Y O R K .
A H I* o llc to » n o w iftsuet! by th is C o m p a n y
c o m a In t o e f o llo w In ir olauscH i
“ A f t e r on© r c u r f r o m th e a n te of I nbuo , th e
l i a b i l i t y ol t h e C o m p a n y u n d e r thin p o licy
■ b a ll not be tlftipm ecl.”
“ T h in p o lic y c o n t a in s no r e s t r ic t io n w h a t
e v e r upon th e In s u r e d , In re s p e c t e i t h e r ol
t r a v e l , r e s id e tic© o r occn p at Ion .”
A l l D e a t h C la i m * p a id W I T H O U T D I S
C O U N T a * eoou a s s a t is f a c t o r y p ro o fs h a v e
b e e n r e c e iv e d .
A ctive, a n d S u c c e s s fu l A g e n t s , w is h i n g to r e p r e
s e n t th is C o m p a n y , m a y c o m m u n ic a t e w ith
R I C H A R D E . O 0 0 H R A X , 3 d V i c e -P r e s id e n t ,
a t t h e H o m e O ffice, 2 O1 B r o a d w a y , N ew Y o r k .
I he Audit Company
OF NEW YORK,
Equitable Building, 120 Broadway.
X IV .
a r t ic l e
E X A M IN A T IO N S T O HI? C O N F ID E N T IA L .
S e c t i o n X. T h e r e s u l t s o f a l l a u d it s a n d e x
a m i n a t io n s m a d e b y t h i s C o m p a n y s h a ll be
t r e a t e d a s s t r i c t l y c o n f id e n t i a l b y b o t h t h e e x
a m in e r a n d th o m a n a g e r o f th e C o m p a n y . I n
a ll c a s e s , u n l e s s o t h e r w i s e d l r e o t e d o r r e q u e s t e d
b y * th e a p p l i c a n t , t h e r e p o r t s o f t h e C o m p a n y
s h a ll b e m a d e In d u p ll o a t e , o n e t o b e d e l iv e r e d
t o t h e a p p l i c a n t a n d t h e o t h e r t o .b e s e a l e d up
a n d r e t a in e d b y t h e C o m p a n y .
S e c . 2 . I n n o o a s e s h a l l t h e d u p li c a t e r e p o r t
s o r e t a in e d b y t h e C o m p a n y b e o p e n t o t h e i n
s p e c t io n o f t h e d i r e c t o r s , o f fi c e r s , o r e m p l o y e s
o f t h is C o m p a n y , n o r s h a l l t h e c o n t e n t s he
m a d e k n o w n e x c e p t u p o n a u th o r ity o f a re so
l u t io n o f t h e B o a r d o f D i r e c t o r s o f t h e C o m
T o t a l M a r in e P r e m i u m s ............... $ 3 ,8 9 1 , 9 9 3 9 2
o f f ic e r s :
G E O R G E H . B U R F O R I ) .................. P r e s id e n t
GEO. a . W I L L I A M S ............................ V ice-P resid en t
C. P. H I A L E I G H ., .. ................. V ice P residen t
R IC H A R D E. C O C H R A N ............... M Vice-President
A . W H B E L W R IG H T .........................................Secretary
J. L. K E N W A Y — ........................ Assistant Secretary
W IL L IA M T . ST AN D E N ...................................A ctu a ry
A R T H U R C. P E R R Y ....................
Caviller
JO H N P . M U N N .. .. . . ..........................M edical D irector
P r e m iu m s m a rk e d o ff fr o m 1st
J a n u a ry , 1S97, to 3 1 st D ecem
b e r , 1 8 9 7 ................ ............................ $ 2 ,6 5 3 , 6 5 3 0 9
G EO . G. W I L L I A M S ................Pres. Chem. N at. Bank
JO H N J. T U C K E R . . . . . . . ...................................... Builder
E. H .P E R K IN S , JB „. .P res. Imp. & T rad ers’ Nut. B k.
J A M E S R. P L U M .................................
L eath er
pany.
P o o 3 . E a c h o f fi c e r a n d e m p l o y e o f t h e
C o m p a n y w h o s h a ll p a r t i c i p a t e I n m a k i n g e x
a m i n a t io n s o r a u d it s s h a l l , o n e n te r in e - t h e e m
BANKING HOUSE OF
p l o y o f t h e C o m p a n y , m a k e o a t h t h a t h e w il l
n o t d i v u l g e a n y i n f o r m a t i o n o b t a i n e d b y h im
In t h e c o u r s e o f id s e m p l o y m e n t r e l a t i n g t o
P r e m iu m s
on
P o licie s n o t
m a rk e d o ff 1st J a n u a ry , 189 7.
1 ,0 4 7 ,9 5 5 3 1
FINANCE COM ITTEE :
M
D o s s e s p a id d u r in g
t h e s a m e p e r i o d . $ l , 4 2 5 ,6 3 0 2 0
R e tu rn s o f
P r e m iu m s
& E x p e n ’ a .$ 6 8 4 ,9 3 9 3 9
T h e C o m p a n y h a s th e f o l l o w
i n g A s s e t s , v i z .:
U n it e d S ta te s a n d C ity o f N e w
Y o r k S t o c k : C ity B a n k s a n d
o t h e r S t o c k s ..................................... $ 7 ,3 3 0 , 8 9 5 0 0
l o a n s se cu re d b y S tock s and
o t h e r w i s e ......................................
1 , 1 5 7 ,0 0 0 0 0
R e a l E s t a t e a n d C la im s d u e th e
C o m p a n y , e s t im a t e d a t . . . . . . . .
1 , 1 2 1 ,5 0 0 0 0
P r e m i u m N o t e s a n d B i l ls R e
c e i v a b l e . . . . . . . ........................ . . . .
C a s h i n B a n k .......................................
1 , 0 2 6 ,6 0 5 97
2 8 6 ,4 2 4 11
A m o u n t ............................................ $ 1 0 ,9 2 2 ,4 2 5 C9
S ix p e r c e n t in t e r e s t o n th e o u t s t a n d in g c e r
t if i c a t e s o f p r o f i t s w i l l b e p a i d t o t h e k o l d e l
t h e r e o f, o r th e ir le g a l r e p r e s e n t a t iv e s , o n a n l
a f t e r T u e s d a y , t h e fir s t o f F e b r u a r y , n e x t .
T h e d im in i s h e d i n c o m e y i e l d e d o n in v e s t m e n t s
i n r e c e n t y e a r s m a y in t h e f u t u r e r e n d e r n e c e s
s a r y a r e d u c e d r a t e o f i n t e r e s t o u c e r t i f ic a t e s .
T h e o u t s ta n d in g c e r tific a t e s o f th e is s u e o f
1 8 9 2 w ill b e r e d e e m e d a n d p a id to th e h o ld e r s
t h e r e o f, o r th e ir le g a l r e p r e s e n t a t iv e s , o n a n d
a f t e r T u e s d a y , t h e fir s t o f F e b r u a r y n e x t , f r o m
w h i c h d a t e a l l in t e r e s t t h e r e o n w i l l c e a s e . T h e
c e r t i f ic a t e s t o b e p r o d u c e d a t t h e t i m e o f p a y
m e n t. a n d c a n c e le d .
A d i v i d e n d o f F o r t y p o r c e n t is d e c l a r e d o n
t h e n e t e a r n e d p r e m iu m s o f t h e C o m p a n y fo r
t h e y e a r e n d in g 3 1 s t D e ce m b e r , 1 8 9 7 , fo r w h ie li
c e r t i f ic a t e s w il l b o i s s u e d o n a n d a f t e r T u e s
d a y , th e th ird o f M a y , n e s t .
B y o rd e r o f th e B oa rd .
J. H. CHAPMAN, Secretary.
68 B R O A D W A Y , N E W Y O R K .
B oston, 85 State SL; P hiladelphia, 402 W a ln u t St,
E x e cu te o rd e rs in Stocks, Bonds, G rain, C otton
and P ro visio n s on th e N ew Y ork, P h iladelphia, B os
ton an d C h i' ago G rain an d Stock E x ch an ges f o r in
ve stm e n t o r t o h e carried on m argin o f 8 to 5 per
ce n t at m o d e ra te rates o f in terest and 1-16 co m m is
sion. In te re st allow ed on m argins and deposits sub
je c t to c h e ck at sight.
D E T E R M I N I N G T H E F IN A N C IA L , R E
S P O N S IB IL IT Y O F T H E F IR M W I T H
W H I C H Y O U D E A L IS A S I M P O R T A N T
A S S E L E C T IN G T H E R I G H T S T O C K S .
F r a n c is M . B a co n ,
C h a r le s P . B u r d e t t ,
G e o r g e C o p p e ll ,
J osep h n . Chapm an,
J a m es G. D e F orest,
W i ll ia m
W i ll ia m
E v erett
E d w ard
P eg root,
E. D odge,
F razar,
F lo y d -J o n e s ,
H o r a c e G ra y,
A n s o n W , H ard,
C liffo r d A . H a n d ,
W illia m
H e n r y E. I la w ie y ,
J o h n D . H e w le tt,
C h a r le s D . L e v e r i o h ,
l a u n d e r N. L o v e ll,
J a m e s I .o w ,
W . II. II. M o o re ,
C h a r le s H . M a r s h a ll,
G eorg e H . M acy,
F re d e r ic A . P a rson s,
G e o r g e W . Q u in t a r d ,
J o h n L . P .ik er,
A . A . R aven,
N . D e n t o n S m it h ,
L a w r e n c e T u rn u re,
P a u l L . T h c b n u ii,
C h r is t ia n d e T h o m s e n ,
G u sta v H . S ch w ab,
H . W ebb.
A . A . R A V E N , P r e s id e n t.
F . A . P A R S O N S , F ic c -P r e s 't.
C O R N E L I U S E I .D E R T , i d T i c e -P r e s ’ X
T H E O . P . J O H N S O N ,j d V i r c -l 'r e s ‘ 1.
The Investment Company
of Philadelphia,
110 Chestnut St., P h ila d e lp h ia .
P aid -U p C a p ita l,
-
-
$ 8 0 0 ,0 0 0
T h is C om pany un d ertak es th e n e g o tia tio n an d
Issue o f loan s an d capital o f C om panies o n th e New
York o r P h ila d e lp h ia M arket an d w ill m ak e ad
vances u p o n ap p ro v e d C orporate, P e rson al o r R ea l
Estate ecu rity.
U nder its ch arter rig h ts it w ill a c t as T ru s te e ,
A g en t o r M anager f o r th e co n tro l o f c o r p o r a tio n !
or fo r th e co n stru ctio n o f p u b lic o r p riv a te w ork s
P riv a te w ires to B o sto n , Philadelphia and C h icago
Fred. H . Smith,
B r a n c h O ff ic e , 1 1 3 2 B r o a d w a y , N e w Y o r k .
so u th
ra x
in v e s t m e n t s
.
ExchangeBankina:& Trust 0.
CHARLESTON, S. C.
0
Cable A d d ress,
EXBATCO, CHARLESTON.”
C ode Used,
“ A . B. C.”
C A P I T A !, P A ID U P , - - D ep osits Su b ject to Check -
$ 1 0 0 .0 0 0 0 0
3 0 0 ,0 0 0 0 0
Vo. 8 B R O A D S T R E E T , N E W Y O R K .
STOCKS AND BONDS.
H A B C IE A C C O U N T S S O L IC IT E D .
IN T E R E S T A L L O W E D ON B A L A N C E S .
M arket L e tte r on A p p lica tio n .
C orrespon d en ce
In v ite d . E stablished 1868
111 classes o f U n listed Seonrltles a n d T raotlon
^tncka B o u gh t and Sold.
Offers its services to investors for the pur
chasing of sound, dividend-paying Municipal, 3ankand T rustCompany Stocks
Industrial and other good Bonds and Stocks,
New York and Brooklyn
Also Farming and Timber Lands, Mill
B O U G H T A N D SO LD .
Sites Water Powers, Hotel Sites, Resi
dences, Building Lots, etc., hi th e Sou th ern
C LIN TO N G IL B E R T
States. C orrespon d en ce invited.
GEO. B. E D W A R D S ,
W . K . M PD O W K L L .
P residen t
CnsMer.
R . (v M U C KK N FU S. Secretary and Treasurer
Wisconsin
Trust
M IL W A U K E E ,
G u s ta v A m s iu o k ,
J o s e p h A g o s tin i,
V ern on H . B row n ,
W a ld r o n P . B r o w n ,
W B H a m .B . B o u lt o n ,
a u d ita o r e x a m i n a t i o n s .
H A IG H T & F R E E S E ,
Capita
Transacts a General Trust Business.
In v e n t m e r it S e c u r i t ie s F o r S a le .
Robert R. Lockett,
A U S T IX , T E X A S ,
A T T O R N E Y - A T - I jA W .
D oes a gen eral practice in all tb e h igh er co u rts o f
T exa s, an d b e fo r e the different departm ents o f th e
State G overn m en t. B o n d , Insurance and C orpor
a tio n litigation , Charters and corporate perm its
cu red. C ounty and m unicipal bon d s exam ined,
regular bond Issues a d ju sted . L a w corresp ondents
in eve ry city and tow n in T exa s. Trivia) busin ess
n o t solicited,
Theodore Leonard,
A T T O R N E Y -A T -L A W ,
Investments and Corporations.
R e fe ren ce , F irst N ational Bank.
W h e e le r Bldg.
HANKERS,
W IS .
C O L U M B U S , O H IO .
YORK.
Co.
$350,000 00
,
-J W A L L S T . , N E W
18
W ALL
STREET,
NEW
YORK
E sta b lish e d 1 Stiff.
M E M B E R S OF N E W Y O R K ST O C K E X C H A N G E
A llo w Interest o n d e p o sits s u b je c t to s ig h t c h eek
Buy an d sell on com m ission stocks an d bo n d s either
fo r cash o r o n m argin, and deal in
I n v e s tm e n t S e c u r itie s .
H . .). M o r s e . C u A 9 .
d
.
m a h v i.
v
.
w
. M .K i d d f . r .
S E C U R E BANK V A U L T S
G E NU I NE
WELDED CHROME STEEL ANDIRON.
R ou n d and Flat Bars and E-ply Plates an d A n gles
F O B SA F E S , V A U L T S , &c.
Cannot ho Sawed, Cut, o r D rilled, an d po sitiv ely
Burglar P r o o f.
CH ROM E STEEL W O R K S ,
K e n t A v e ., K eap & H o o p e r Sts,
Sole M a u T e rs iu t h e XL S.
B R O O K L Y N , N. Y
@FedFRASER