The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
omntEtn
aocom ina- to
[E n te re d
AM
of
i " * t » « v -> » r i S 9 8 . h r
thr Wil lia m
For the month of .July the clearings make a le3s satisfac
tory exhibit than for Jane.
Twenty-seven of the cities
included in oar statement record losses from the corres
ponding month of 1897, bat in the aggregate for the whole
country the excess reaches 4-3 per cent. Outside of New
York the increase is 3-3 p. c.
1898.
1897.
P . C t.j
1898.
1897.
*
3 2.833.918.89
+ 5*1 22,881,793,50 10.991,978,724
1 ,7 5 9 + 8 2 .8 3 '
k.
290,400,112' 2 0 5 + 4 7 ,3 5 ! + 9 - H -2.094.972+0
4 00 .5*3 ,2?;
8 1 .5 34 + 0 5 i
h * + 12.71 1 — 7- 8l
507,372.98
P it t s b u r g . .
432,320,35
533.312.92
74.0 *1+ 93 !
72,103,03 l -+3" 5
B a lt im o r e .
9
i
113,157,023
1
5
.5
e
l.0
f
8
17.114.31
120.910,81
B u f f a lo .... .
+o57,615,96;
8,700.89
8.733,19
5 9 ,2 7 6 + 4
45.500,395
0.500,07 i +7* 1
7.033,00
52,227,22.
28+80,052
4.7 7 8+ 0 1
4 + 4 2 ,0 3 . ; +7*
3 4.3 47 + 0 , ,
Syracuse..
3,520,40 I
24,192,48*
3,930.659 - 1 0 20,970.62
S cra n ton .
3,157,11 :
3.8f 7,58 - 1 4 - ■
19,991,84"
22.200,09.
1,550,00<
1+75+OC + 5*
9.003.500
10.711.70(
l e 3 ,4 0 7 + 7 8 ,1 w 3.305,836,36
+ 4-9120,404,007 ,y&( 19,948,843,440
.
D e t r o i t .............
C le v e la n d ....
M ilw a u k e e
C o lu m b u s .
P e o ria .
T o l e d o ..
i
D a y t o n .......... .
L e x in g to n ...
K a la m a x o o ...
A k r o n ..............
B a y C it y .........
fto o k fo r d .
C a n ton .
401 ,59 8+ 8 . —+ 1 3.028.K12.90]
-8 ' 1
20.812.80 >
22.767,00
149 557,90'
12.211,01
11.5wy,2l. i +5*
75,0 80 .46 '
-0 6,847,24
7.335,10
46,630.56:
6,807,55
0.140,50
— 4*
42.718,53!:
0.241.90 ;
6,040,70; - 0 - 1
46,1 05 ,65 '
5 .9 2 6 + 9 + 1341,613,82S
6 .7 2 1+ 8
2,730.64
3,350,74 — 18'.
2 4+93.15S
2,*J00.2-12|
2 ,5 8 0,2 0' +12*'
2 0+ 8l,H 7i
2+0'J.X7I
1 + 5 1,3 9 + 10*71
1 0 + 8 3 .7 2 486,911,383 629,891,701 - 8 * ; 3+39,0 02 ,01 0
407,373.984
62,842.9001
28,5 46 +0 3I.763+W ‘
19.023,832
10,001,10'
11.908,852
5.099.83>
7,197,► 97
3,595.031
3.102,107
1,587,193
1,218.4 H
1.174,100
909.375
329,814
799.422
778.707
L
595,154.970
>.
y
59,280,857
0+39,113
0,4 20.238
0,387,730
2.024,210
4,315,367
3,311.907
8 71 + 0 0
404,708
90,666,022
P o r t l a n d ..
T acom a.
S e a t tle ..
S pokane
F a r g o . .............
S i o u x F a l l s .. .
o
41,880.139
25.819.819
25,200,810
14,445.082
11,307,363
2.961,139
11.255.472
8,631.963
3 ,9 4 0 + 7 2
1,201.252
1,03 7+ 08
2.055.084
3 02 + 2 5
422.107
145 .11 0+ 0 6
K an sas C ity *
S t. P a u l . . . i . .
D e n v e r .. . . ..
D a v e n p o r t . .. ,
8 t . J o s e p h ...
D e s M o in e s .
S io u x C it y . .
L i n c o l n ..........
Wlohlta.......
T o p e k a ............
F r e m o n t .........
H a s t i n g s .........
Tot. oth’r W,
St. L ouis....*.
Mew Orleans.
Louie vllle*...,
Galveston......
Houston........
Savannah. ...
Rlohmond .. .
Memphis......
109,264.727
22.970.210
28.515,130
11,347,250
7,883,005
0,812,7x0
11,907,017
5,925,971
4,093.129
4+1 4.2 70
3.742.003
3,070,792
2,300,108
1,534.003
1,821,280
1 + 8 5,5 07
827,810
1.326,628
1,500.001;
Atlanta ......
Nashville.. ..
N orfolk ...........
Fort Worth..
Augusta.........
Birmingham.
KnorvUle ....
Little Rock...
Jacksonville.
Chattanooga.
Macon...........
Total South. 281.997.W10
Total all...... 6,01 0,8 45 + 9 9
Outside N. Y.
2,089.810,281
Montreal......
Toronto.......
Halifax.........
Winnipeg ...
’ I ami 1ton *.,.
St. John.........
Tot. Canada
kit
09.714,327
85,727,214
5,851+01
0.310.238
3,1 1 7,7 11 1
2,920.0871
123.053.838
m pan y
, In
the o fflo e o f the L i b r a r i a n o l O on g reu
P .C t.
+ 1 1 + 3.110.799.384 2,382,084.533
-0 -7
300,8 L0.0OC
351.314,80(
+14-<
195.040.70;
1 02 .7o0 .O ll
+20*4
210,216.65(
170+30,371
-5 -J
151.000+ 97
131,850,207
+ 2*(
120,356.700
105,710,050
+ 19-5
02.712,250
7 7 ,5 0 8 + U
+ 1 1 -2
49.616.31C
42.901 134
-1 0 * 5
50.058+753
45.888,241
+ 11-W
27.0*«O.73C
21,045,495
17,982.803
+ U-1I
23,365,708
+ 7 ’t
0,240,052
11,2 53 +1 2
+0*>
7,071,010
9 + 5 1,5 84
7,700.203
+ .-S
8 ,8 9 9 + 0 0
+258
0+99.216
5,539,804
+5*1
6,710.928
5.094,667
+87
5,717,626
4,812,671
-4 -8
0 + 00.0.3*
6,0 3 7+ 75
541,503,051 + 9*9 *+ 0 3 ,00 8,0 10 3.550,312,787
—3 0
*r4*0
+ 3 3 '?
1-25"*
+ 29 -1
+ 71-2
+ 1 7 -0
+ 10-f
+033
450,093+ 57
45,838,720
62,031,753
43.2*0,298
20,250.951
4 0 ,0 95 + 4 2
24+15+03
6.013,8*9
3 .2 6 5 + 40
+6*9
098,733,026
30,351,021 +15*2
323,290,788
27,019,672 — 4*4
231 ,55 5+ 0 9
19,717.050 +27*5
170,308+83
13,979,718 + 3 '3
110,851.731
9.013,937 +17*0
84.710.382
2,8 5 5+ 14 4-11*3
2 0 ,9 99 + 5 3
4.990,260 + 1 2 5 '
70,330.542
3 0 + 97,098
3,059.5*3 - 3 - 5
2,222,027 + 3 2 -3
2 2 + 30 ,89 2
1,384.2.91 — 9*0
9,W l5 .9 cl
1.082.800 -0 * 0
13,008.522
1,730,022 +10*8
15,000,370
344.826 + 5 .2
8 .3 1 2 + 0 3
3 .2 7 8 + 7 0
848.530
125,700,831 +15*4 1+ 1 5,3 84 ,3 J0
+31*7
+ iy -o
4-211*7
423*4
4 «*9
4 3 -1
--14-0
- -20*0
- -11*1
- -10*4
4 11 -5
432+
2,875,552,615 4 5 .3
154.383,600 -^-3*1
74,304,37] 4 r o
45.932,905 4 1 -5
30,514,219 4-8-1
41,573.09] 48*5
37,580.73: 4 10 -5
24+ 50 ,09 2 + 4-0
18,530+21 410-5
14,021.001 4 0 ’5
3,32 0+ 44 ,87 3 44*9
301.390,800
53,232.101
25. Oi 9,35c
26,376,45;
20,692,935
15,700,20o
10,012,46>
5.125.971
8,044.377
3.202.04C
2.798.327
1 + 7 1.0 25
1,208.775
1+45,300
770.551
7*9,515
735,451
8 17 + 0 7
01,119.030
0,641.082
4,801,877
6,0 9 5+ 00
2.O32.0J0
2,054,124
2 ,8 2 9 + 3 1
3 02 + 9 7
247.922
86,023.432
]
NO. 1728.1
W e e k e n d in g J u ly 30.
Clearings at—
1
Chicago..
Co
1898,
1897.
1898.
P . C en t.
1 89 0.
1895.
S ev en M o n th s.
J u ly .
1.
lg
an a
The week’s total for all cities shows a gain of 5 ‘ 1 per cent
over 1897. The increase over 1896 is 31-0 per cent and the ex
cess over 1895 is 10-0 per cent. Outside of New York the gain
compared with 1897 is 7-7 per cent, the gain over 1896 is
14'7 per cent, and the decrease from 1895 reaches 0-9 p. c,
C L E A R IN G H O U SE RE T U R N S.
P o r t l a n d ........ . .
F a l l R i v e r . ..
. D
SATURDAY, AUGUST 6, 1898.
YuL. 67.
B o s t o n ___
P r o r ld e n c
H a r t fo r d ..
b
385,725,270
39,012.670
30,909,225
3 1,762,297
12,700,3 i0
15+27.675
10.972,774
3,625,051
1+8 2,4 93
5 3 9 ^ /8 + 0 8
2 9 7 *74 ,32 8
179,727,203
128,040+99
91.230,270
73,005,745
16,772.359
35,922,870
29,087,997
10,2o5,070
8,805,991
11,984.749
11,692,035
1,06 5+ 07
2,535.788
430*0
45*7
420-2
422-8
■-14*0
--13*9
- -43*7
- -13-1
- -22-2
-2+9
4244
4 2 1 -7
413*3
+14'0
+ 17*3
417-8
418*8
422-4
749,337,560
710.838,221
B o s t o n ...............
P r o v id e n c e . . ,
H a r t f o r d ..................
N ew H a v e n . ..
B p r in g fle ld .. . .
W o r c e s t e r ..........
P o r t l a n d ............
F a l l R i v e r ........
L o w e l l ................
N e w B e d f o r d ........
T ota l N ew E n g.
87,092,034
4,124.900
2,092,798
1,244,299
1.280,137
1,243,366
1,140,587
030,008
535,215
500.000
87.077,879
4,298,100
1,745,003
1,180,534
1.056,717
1 ,2 6 7 /4 0
1,119,424
090,538
407.387
383,668
99,282,056
Y o u n g s to w n ...
E v a n s v ille * ....
T o t . M id . W e s t ’n
4 8 -3
4 28 -8
433-0
r 3 1 'o
+16-0
425-2
495-0
+ 3 4 -i
+38-4
+11-8
H13-5
-34-6
-88-5
-29-1
62,881,201
33,892,779
6 ,3 0 8+ 99
5,010,003
2,038,31*
3 + 1 0.2 40
101.403,639
87,540 P43
10.058 150
3,900,454
0.300,000
4,080.938
3,760,800
3,708,088
1.214,477
2.097,049
700.000
029.802
280,418
270,929
321,400
234,612
190,700
107,467
101,554
331,050
665,277
128,500,731
100,000
T o t a l P a o l f l o .,
<
]
j
f
j
e
]
q
j
j
T o t. o th e r W e st.
0U 4,ol0,22o 4 2 3 8
821.855,232 4 32-0
2 03 ,4:4 ,4 3 8 -| 23-1
30.009,672 —2*5
33+ 74 .91 9 4 38-8
18,993,196 +8-6
17.221,074 -2 -0
0 30 .008+ 20 4- 20*2
99,833,333
14,064.985
1.445.920
1,382.101
1,054 814
494,605
600.000
9n0.718
033,3b 6
4 29 -5
1-82*0
+5*4
—7 2
12-5
-18-2
—0 1
p . ■21>.
623.533,109
60,654.521
13,332,869
15,138,378
3,577.382
1,667,077
1,194,153
839,957
918,793
652,982
299,000
C h i o a g o ...............
C i n c i n n a t i ...............
D e t r o i t ...............
C l e v e l a n d ................
M i l w a u k e e .............
C o l u m b u s ...............
I n d i a n a p o l i s ........
P e o r i a .......................
T o l e d o .......................
G ra n d R a p id s ....
D a y t o n ......................
L e x i n g t o n ..............
K a l a m a z o o .............
A k r o n .......... ............ .
B a y C i t y ...................
R o c k f o r d ..................
S p r in g fi e ld , O h io ..
+18A
+17-6
<-70*3
428*2
4-107+160* 12-1
+83-1
4120*
757,801,602 4 8 -5
+0+
8 2 2 + 0 3 ,0 5 0
226,039,801 -13-8
-2 -1
250,080,89 {
181.317,040 -10-8
204 + 5 7 ,8 9 2
+ rti
6 5,705+00 -24-8
+55*7
82,0*21,250
60,307+44 -10-0
-1 9*3
7 3 + 57 ,38 3
60,670,424 4 * - i
-1 + 4
03+ 81.850
6 6 .6 0 8 .au 8 - -12-1
73.989.783
1-8-4
49,630,320 ■80-0
+ I5-0
04,98^,001
88.078.778 + 3 4
39,900.779
— 1*3
31.Y78.879 + 8 -4
-14*7
33,893,099
26,006,110 + 7 -8
28,038,970
—0*4
19,262.799 - -30-0
25,034,577
+853
20.403,25* - 0 - 0
20.332,974
+&-1
11.800,566 - -19-2
13+ 72 ,29 4
— 7-4
13.205.970 -18-3
10,359.419
+6*7
8.007,311 - -8 1 1
+ 1*3
10.634+10
0,770,352 —f ' f
+9*3
0 + 9 0,8 01
8,224,475 - - 2 + 3
10.304.276
-16-2
10.025.000
14.703,000 4-9-0
-10*7
+ 5 6 1,069,754,339 1 ,074,231+28 4-11-1
+ 4 -3 J8.060.107.H92 0,949.927.059 4 27-0
+ 3 -3 5+48,3 14 .32 3 2,957,948.336 4 10-9
+8*41
011.528.837
01,493,00*
17,136.041
16,914,557
3,390,392
1,462,682
1,479,142
902,083
874 812
749,710
319,900
4-2a"o
102,708.010
24 + 82 ,39 0
2 8 ,0 20 + 0 0
7.287,850
7 + 6 7 .3 7 6
7,773.990
11,040,217
5+4 0,1 54
4,755,29*
5+7 7.8 24
3.755.4*9
2,209,771
2 + 8 8.3 12
1,050,240
1.700,00*
1,121,001
767.36*
1+4 0,2 93
1,800,000
219.954,640
.808,574.900
,974,060,072
420,908,845
260,301,227
35,099,437
46+ 09 .31 2
20,622+41
10.875,928
790 ,33 7+ 9 0
N e w Y o r k ........
P h il a d e l p h i a .
P i t t s b u r g ..........
B a l t i m o r e ........
B u f f a l o ..............
W a s h in g t o n ..
R o c h e s t e r ........
S y r a c u s e ...........
S c r a n t o n . . . . ..........
W ilm in g t o n ....
B i n g h a m t o n ...
T o t a l M id d le
h
X
C
E
8
F
J
A
J
r
F
A
E
K
x
j
C
M
T o t a l S o u t h e r n .,
80,721,643
10.544,750
5.070,500
5,016,075
4,074.280
8.398,900
2.095,143
1.477,137
1,930,109
090,093
672,905
340,198
255.021
240,700
147,458
145.406
149,778
144 231
258,708
-1 1 1
+24+14*'
-7 -8
+148
+ 7 -0
+45
+002
-4 0
+ 1 9 -9
-f-4‘9
+21*3
-1 1
+ 1 -9
- 9 '5
+140
-880 3
444,781,119
49,394,862
13,586,970
12,150,064
4.056.240
1,524.149
1,547.550
670,508
859.701
775,971
325.000
529,073,795
75,733,137
3.922.000
1.770,830
1,275,140
1.167.561
1,297,271
1,224,502
541,023
529,405
868,000
4,209,102
1.891,084
1,884.415
1,078,253
702,354
707,484
862.900
065,005,887
90,420,807
4,577,800
2.039,805
1.433,429
1,307,488
1,339,422
1,242,598
052,055
050,000
447,381
110,171,485
87,834,991
+84
+ 1*0
+ 3 0 -1
+250
+0*3
87,272,951
9,803,050
4.848,106
6.202,080
3,730,458
3.111,000
1,872,875
1.351.405
1,189,102
688.293
687,824
233,885
278,030
205,800
194,86*
172,350
137,015
125,989
84,735,178
12.712,150
6.742.247
6,438,092
3.649,837
3,240,700
1.340,930
1.692,133
1.589,384
785,826
+ 10-8
+29 3
- 1 7 '8
+ 8*3
+ 1 -3
+ 9 '8
-1 7 4
+82
+ 3 0 -4
+59*0
+36A
+ 12*0
+ 11*8
+ 3 9 -0
401,890
246,930
242.612
319,596
152.000
145.570
182.886
+ 9 -6
122.000,943
123,472,988
16,089,715
1,494,039
890,988
1.003,475
425,000
424.344
724.344
547,918
03,211
53,718
-0 * 9
+542
+51
+10*4
+41*6
+ 3 0 -7
*7
13,100,201
1,149,144
1,291,084
090,123
448,425
509,290
660,802
381,834
131,033
43.872
14,883.019
1,153,240
—33
20,724,117
+ 0 .5
18,368,008
9,031,183
5,301,503
6,820.823
8,524 978
2,080,209
610,960
2,451,501
860,000
542,471
244,682
615,101
471,403
80.042
90,702
8,191,164
6,312 523
4.067,960
2.928,499
2 095,445
499,137
990.9*3
825.000
403,295
302,034
375,025
323,009
79,r ~
80,173
+ 1 7 -6
82,127,058
20,471,145
7,778.902
6,757,271
3,995,428
3 789,046
1,731,809
461,349
815,115
622,362
284,091
270,059
369,777
809,348
49,908
63,987
20,355,812
28,043,376
6,498,842
6,980,734
2,028,050
1,099,078
1,808,796
2,134,763
1,292,104
929.584
942.307
840,930
040,147
076,637
864.550
480.971
209,158
103,918
206,033
842.000
23,381,319
6,007,033
0,630.840
1.428,750
1,530,143
1,073.124
1,947,233
912,450
845.618
898.840
797,264
483.654
874.020
F30.873
315.472
202,119
141,234
230.190
411,000
47,650,182
-02
+28 7
+ 2 0 -4
+28*7
+ 3 -4
+ 1 4 0 -0
+ 3 -0
+84*5
-1 9 1
+37*3
+ 4 5 "8
+o-i
+182
+213
-1 * 4
+ 7 -8
—10*0
+420
+ 2 9 -9
+ 7*8
+ 9 -0
+41-7
t 94
-+33*1
1-80-e
+10*3
+ 5 2 -8
+3-6
+16*6
+ 1 3 -0
-16-8
17,039.809
0,309,820
4,700,220
1,677,600
1.400,828
1,204.830
2,043,640
803.859
704,055
710,188
747.760
4 72 + 0 8
425,000
200,766
830.783
200,447
214.208
209,424
1, 020,000
1,064,149
408,707
. 627,383
680,000
320.722
40,022
44,048
.. 19,654,345
9,887.474
4,910,802
8,170,875
4,069.860
8,405.942
1,160,000
097,590
889,727
804,830
821,828
857.849
122,278
68,904
27,885,017
81,091,710
0.117,020
*792,884
1+85, ISO
1,500,000
1,602,458
2,348,867
1,310,039
809.050
882,652
888,649
522,498
460,000
318,345
268,018
288,804
239,711
+4*1
40,840,027
40,340,947
+5*1
824.040.076
982+91.224
404,705,6C0
+7*7
379,838,957
439,096,980
11,870,044
6,720.210
+15*8
+ 0-6
+18*3
+7*3
+ 2 8 -4
-1 4 - 7
9,002,795
5,618.920
007,982
1,076.661
654,490
___ 060,000
17,870^738
9 209 179
5,648,212
1,211.204
817,357
€44+23
,080.355,047 1.028,238,015
O u ts id e N . Y o r k .
435,880,710
18,080.043
7,161,481
1,138,270
1,197 012
023,950
652,931
24,458.289
* N o t l n o l u d e d In t o t a l s .
16,178,470
—0*1
83,813
20,840,207
49,699,493
642.794,214
71.823,890
14,823,786
117,206.294
T o t a l a l l ..................
M
T
H
W
H
gt
+ 3 -4
+ 21 4
-6 -5
+11*7
—5 1
l.OCO.OOO
1,291,620
486,794
704.040
22,187,726
+10-6
17,590+36
246
THE CHRONICLE
[VOL LXVU
Merritt is confronted with the difficult task, while
fighting the Spaniards, of suppressing the insurgents,
The work of establishing a basis for a treaty of peace and of doing it in a way so as to avoid, if
has been in progress between Spain and the United possible, using force against them. For accomplishing
States during the week. As we write, it is reported this double purpose it is obvious that a much larger
that Spain (though no agreement has been actually body of men might be needed than for the simple
reached) has substantially accepted the conditions work of obtaining possession of Manila. The facts
offered. An official statement was issued at Washing evidently warrant the conclusion that the Filipinos
ton Tuesday giving the substance of the settlement do not relish the idea of annexation to the United
proposed by our Government. These terms do not in States ; that they wish to rule ; and they are proving a
clude an indemnity, but they call for— (1) The relin delicate and troublesome factor to deal with. Indeed,
quishment of sovereignty over, and the immediate as a body they are not very different in Kind from
evacuation of, Cuba by Spain. (2) The cession to the General Garcia’s Cuban followers at Santiago. A t
United States of Porto Eico, together with all other the same time there is no reason to suppose that the
Islands under Spanish sovereignty in the West Indies, natives under Aguinaldo, though more numerous,
and one island in the Ladrones. (3) The occupation are any better able to resist the United States army
by [the United States of the city, bay and harbor of and navy at Manila than Garcia and his adherents
Manila, pending the conclusion of a treaty of peace, were at Santiago. It is no doubt simply because the
which treaty is to determine the control, disp isitiou Administration feels that the Filipinos have been
and government of the Philippines. As to the char harshly used by the Spanish during past years, and
acter of the changes since made in the proposals, the hopes to change their defiant attitude by showing
opinion prevails that the requirement with reference them consideration and kindness now, that the prob
to one of the Ladrone Islands has not been insisted lem presents any difficulties at all.
upon; but other than that it is believed that the con
There seem to be evidences developing of trade re
ditions of peace as finally accepted by our Gpvern- vival. One is apt to look to Wall Street transactions
ment will differ in no essential particular from those for the first indication. We have them there plainly
presented in the large bond sales which have been the
outlined above.
A speedy arrangement of the differences at issue feature, especially during the past week. From Mon
with Spain will be a most welcome event, and if ef day to yesterday, both days inclusive, the total par
fected along the lines stated will, no doubt, prove an value (not including governments) reached $22,349,achievement that will receive the hearty support of 000, the biggest total recorded during a similar period
the country.
These peace negotiations are not for a very long time. These sales increased from
the only indication that the end of the war is in $2,017,000 on Monday to $7,168,000 on Thurs
We are told like
sight. Others are cropping out in several directions. day and $4,635,000 Friday.
Porto Eico seems remarkably ripe for a transfer of wise that the transactions over the counters
ownership. The inhabitants are apparently showing of our bankers have been correspondingly large. How,
as much eagerness for the presence of our army as it may be asked, does that movement indicate trade
the army is evincing to occupy the island. The most revival ? The connection is direct and obvious. Such
of the leading cities, excepting San Juan, have al large sales of miscellaneous bonds are evidence of a
ready come under our control; commerce likewise, as revival of confidence, and of a new spirit of enter
was the case after we got possession of Santiago, prise. When capital begins to move freely away from
is following in the tracks of the army.
The its hiding places and from temporary loans into securi
steamer Silvia chartered for the New Y ork and Porto ties of a miscellaneous kind, it is virtually a declaration
Eico Steamship Company will sail to-day for Ponce. that the vast resources of this extensive country are
It is stated that she carries a miscellaneous cargo about to receive a new impulse and a fresh develop
and some passengers, among the latter being an agent ment. The people have been waiting years for such a
for a New England mill with samples of the goods revival of, Its dormant energies as these facts and the
made at the mill. The Postmaster-General has also general financial condition of the Government and
resumed full mail service to those portions of Porto country suggest. Besides, Wall Street is not the sole
Eico occupied by our troops. A further incident of indicator of the business expansion in prospect. We
the week in strong contrast with the course of events have room to mention only one other, but that is a
only a short time ago is the initial steps taken by the manufacturing industry of wide connections often
Government to disband its Auxiliary Navy.
The looked to as a sign of coming trade events. IVe refer
charters of two of the American liners now in use as to the iron trade, the markets for which are beginning
cruisers, the St. Paul and St. Louis, are it is said to show an enlarged inquiry and movement. To un
about to be canceled. Thus from every point of view derstand the significance of this revival, it must be
the evidence appears to indicate that peace and peace remembered that we are already producing much
ful pursuits are coming to the front, and that war and more iron than ever before in our history; the
reader should go over the article we wrote last week
its accessories have had their day.
Of a somewhat different character is a report which (page 202) showing the iron production for the first
has been current with regard to Manila that is claimed half of 1898. With those wonderful figures in mind
to have occasioned some anxiety at Washington. This add to the condition an improved inquiry for the
feeling, if it exists, which is doubtful, is not due to product. That is to say, this very large production
any danger to our army or uncertainty about taking is being taken, passing into consumption, entering
Manila. It is due to the attitude of Aguinaldo’s into many different forms and industries, and that, too,
army of insurgents; to the fear that the American without even the ordinary demand from railroads for
troops are not in sufficient numbers for the exercise of renewals.
The Government figures for July of receipts and
the required moral force to keep them, after Manila is
taken, from acts of savagery. That is to say, General disbursements and net debt are interesting for twoTHE F IN A N C IA L S IT U A T IO N .
A ugust 6 1898.1
THE CHRONICLE.
24 T
reasons. They represent the first month’ s action of have had copious rains, the visitation extending even
the war tax law and they also show the early pay to Kansas. There is no reason to doubt that these
ments into the Treasury for the new bond issue. The rains have come in time to prove highly bene
latter fact is chiefly useful to explain the debt state ficial. From some points the accounts state that the
ment. It will be observed that there was a decrease precipitation has been heavy enough to carry the crop
in the item of net debt of $49,004,485, notwithstand to maturity, thus ensuring a fine yield. The outlook
ing there were $200,000,000 of 3 per cent bonds at the for the country as a whole may be judged from
same time in process of being sold. To understand Thoman’s report for the 1st of August. This was be
this apparent discrepancy and to aid in making future fore the relief from drought was experienced. Accord
comparisons intelligible, it is necessary to have in mind ing to this authority the general average of condition
the fact that payments to the amount of probably $100,- for corn the 1st of the month was 84-2, against 92-2 in
000,000 were made in July on subscriptions for those July and 87’7 in August of last year. Even on these
bonds, whereas the bonds for such subscriptions were indications he estimated a crop of 1,825 million bush
not issued until after the first of August. The re els,which though by no means a full crop could hardly
ceipts from that source are of course counted in the be called a small one. But the report adds that under
debt statement, and hence nominally reduce the. debt “ a continuance of the prevailing high temperatures
less cash in the Treasury (or net debt) to the extent and sufficient moisture during August,” part of the
mentioned, because the bonds which are to stand against loss sustained could be regained. Taking this ob
those payments do not and cannot appear in the servation in connection with the fact that thus far inrecord until the August statement is made up. As a August the desired moisture has been obtained, and
matter of fact, there was no decrease whatever in the it is evident that, barring future unfavorable develop
debt in July, but a material increase.
ments, the outlook is decidedly encouraging.
As far as wheat is concerned, the crop, both winter
With reference to the revenue figures, a first month
of trial for any revenue law is, for well known reasons, and spring, may almost be said to be made. The
always a poor test. This year, too, July business has possibility of some small damage to spring wheat still
been restricted.
For illustration, merchants have exists, but thus far the conditions have been almost
bought goods only from hand to mouth; there has ideal, and it seems likely that in the leading springbeen no stocking-up in anticipation of a good fall wheat sections all past records will be surpassed in
trade. Consequently among other results we should amount of yield. Thoman makes the general aver
anticipate that imports would be less than normal. age of condition of spring wheat 95-8, against 95-3 a.
The Customs revenue receipts confirm that forecast. In month ago and 86 "8 in August last year. He thinks
July, notwithstanding that the new impost of 10 cents the harvest for Minnesota and the two Dakotas will
a pound duty on tea was in force, the total reach 210 million bushels, against 143 million bushels
receipts from
duties
were only
$15,169,000, last year. The entire spring-wheat crop he estimates
whereas last March, without that additional at 300 million bushels, against 201 million bushels in
charge, they were $15,551,000.
We are conse 1897. As he places the winter-wheat yield at 400 mill
quently authorized to assume that when business ion bushels, it is evident that, according to his ideas,
starts up Customs receipts will show a considerably the country’ s aggregate wheat production (spring and
larger aggregate. No comparison can be made with winter combined) will reach 700 million bushels. Wethe same month of last year, because in July 1897 may say, too, that the generally satisfactory nature of
the revenue from both Customs and internal taxes the crop situation is confirmed by other observers.
were abnormally large, being made so not by a legiti For instance, we see President Stuyvesant Fish of the
mate productiveness of tax laws, but by forced pay Illinois Central quoted in an interview at Louisvillements of duties and internal revenues by reason of the as saying (after a tour of inspection extending through.
then approaching end to tariff and tax revision. The Nebraska, the Dakotas, Iowa and the South) that he
internal revenue receipts for last month (July) were scarcely ever knew the crops to look more promising,
quite satisfactory, reaching $20,171,000. There is no in the Northwestern States. He thinks the corn yield,
former month’s total we can take as a standard for a in these States will be better than for some years past
correct comparison. We have given above the reason —that the hay crop is also larger, and that the pros
why July 1897 cannot be so used. June 1898, for a pect for a good fall pasturage was never better.
Two more railroads have this week enlarged their
similar irregularity, must also be thrown out. An av
erage of internal revenue receipts under the old law for dividend distributions. We refer to the St. Paul &
the other previous months, beginning with Septem Duluth and the Norfolk & Western. The St. Paul
ber 1897 (nine months), is about 13£ million dollars. & Duluth has during the last four years been paying,
Comparing that average with the July 1898 receipts 5 per cent per annum on its preferred shares in semi
($26,171,000) would make the increase in July under annual instalments of 2| per cent. Now 4| per centthe new law about 12£ million dollars. If we are has been declared, making, with the previous 24 per
authorized to accept that difference as an approximate cent, 7 per cent out of the revenues of the twelve
test of the productiveness of the new internal revenue months— the full amount of preference to which,
The Nor
taxes, the amount they would add this year to the the preferred shares are entitled.
revenue of last year from the same branch of the service folk & Western, as is known, is a reorganized com
would be 150 millions of dollars. Of course that fa pany. It made its first dividend on the adjustment pre
vorable balance will be further increased by enlarged ferred stock last November, one per cent being then
paid out of the period closing on June 30 1897. An
Customs duties.
Crop accounts are again becoming very favorable. other dividend of 1 per cent was paid in February
There seems to be no question that during the lat last out of the revenues for the twelve months ending,
ter part of July corn prospects were impaired by June 30 1898. Now 2 per cent more has been de
drought in the leading corn-raising States. But for clared out of the revenues for the same twelve
tunately during the past week the afflicted districts months, making 3 per cent for the year. The com.-
THE CHRONICLE.
248
pany's income statement shows that after allowing for
this 3 per cent a surplus of 8448,037 remains on the
operations for the twelve months.
The Pennsylvania Railroad statement of earnings
for the month of June was issued last Saturday. The
unsatisfactory rate situation is reflected in the in d if
ferent exhibit made by the lines east of Pittsburg,
where the increase in the gross reaches only 863,100,
with 893,200 decrease in the net, and the same adTerse influence, together with a diminished grain
movement, is reflected in a loss of 837,400 in
gross on the lines west of Pittsburg.
In this
last case the
company
at the
same
time
enlarged its expenses in the sum of 8318,300>
giving a loss of 8355,700 in the net. Last year
in this month the Eastern lines recorded 870,736 in
crease in gross and 8333,494 increase in net, and the
Western lines 874,075 increase in gross and 8362,226
increase in net. In the returns for the half-year the
feature is the liberal way in which the company has
been adding to its expense accounts under the expan
sion in its revenues. On the Eastern lines,with 81,774,000 gain in gross the gain in net because of the heavier
outlays is only 857,600, and on the Western lines
with 82,083,800 increase in gross, the increase in net
is but 811,500. The following furnishes a comparison
of the Eastern lines for a series of years.
LXK3S XAST OF
Pittsbubg .
1398.
1897.
1896.
1895.
1894.
1893.
June.
$
1
$
*
1
$
Gross earnings__
5,248,435 5,185,335 5,105,599 4,988.299 4,162,231 5,782,402
Operat’g expenses. 4,020.410 8,864,110 4,117,808 4,027,468 3,837,447 4,352,555
Net earnings... 1,228,025 1,321,225
987,731 900,881
824.834 1,428,907
/an . 1 to June 30.
Gross earnings----- 31,303.511 29,589,511 30,305,275 29,558.775 20,248,178 33,885,417
Operat’g expenses. 23,824,501 21,108,161 22,702,719 21,913,419 19,377,459 25,049,951
Net earnings... 8,538,950 8,481,350 7,512,550 7,645,350 6,870,719 8,835,460
It is probable that the settlements for the 3 per
cent bonds have had about all the effect that they will
have upon bank conditions. While the receipts for
the bonds are large, disbursements by the Treasury are
also heavy, and any excess of receipts over expendi
tures will most likely be placed with the depository
hanks. These institutions are understood to be pro
vided with new bonds as security for deposits, and
therefore they are, or at least soon will be, in a posi
tion to receive larger amounts of money from the
Treasury. When settlements for the bonds began, the
New York associated banks had an average of 8610,336,500 Cf loans, this being the amount reported June
18, and their deposits were 8730,976,400. The total
cash was 8242,016,900 and the surplus reserve was
859,272,800. The transfer of money from the Treas
ury to the depository banks after June 18 was reflected
in an increase of 829,517,000 in loans by July 16, to
8639,853,500, and in deposits by July 9 of 827,091,600,
to 8758,068.000 ; while the cash was decreased by
July 30 814,692,400, to 8227,324,500. The most
notable movement of the cash item was specie.
This fell 819,565,100 from the highest point of
8186.070.200 July 2 to 8166,505,100 July 30, while
in the interval between June 11 and July 30 the legal
tendei’3 gained 87,750,500 and lost 82,642,600, a net
increase of 85,107,900. Assuming that the bond set
tlements thus far have been wholly responsible for the
changes here noted, it appears that somewhat less
than 830,000,000 has been transferred from the Treas
ury to the depository banks and that a net amount of
814.457.200 cash has been turned over by the banks to
the Treasury, this being the difference between the
[Vor-. L.X'VII,
loss of specie and the net gain in legal tenders.Though during the bond settlements the surplus
reserve has been reduced by 817,368,325, to 841,904,475, the money market lias not shown any material
change either in tone or in rates. When those settle
ments began some bankers wore apprehensive of dis
turbance because of the inability at that time of the de
pository banks to obtain sufficient bonds to qualify for
the reception of large deposits, and it was felt that
there must be some derangement resulting from the
withdrawal from actual circulation of money required
to meet payments for the bonds taken in amounts of
8500 and under. It appears, however, that though the
subscriptions for small amounts have aggregated about
8109.000. 000, the money required for payment has
been restored to circulation almost as fast as it was
absorbed by the Treasury. Though payments for
subscriptions in excess of 8500 will, in the majority
of cases, probably be made in full soon after allot
ment, it is unlikely that such payments will have any
disturbing ellect upon the market for money, and
hereafter the depository banks will be able to obtain
new bonds in sufficient amounts to enable. them to
qualify for the custody of Government money do any
extent that may be necessary.
Money on call representing bankers'" balances has
loaned during the week generally at
per cent, with
some few loans at 1£ per cent. Though 1 per cent
has been quoted at infrequent intervals, no trans
actions have been reported at this rate, and there is an
indisposition among lenders to loan below 11 per cent.
The average for the week has been about 11 per cent.
Banks and trust companies quote 1^ per cent as the
minimum. Time contracts are in fair demand, while
the offerings are abundant, and rates are 24 per cent
for sixty to ninety days, 3 per cent for four to live
and 3@31 per cent for six months or for longer
periods on good mixed Stock Exchange collateral.
The local
demand for commercial paper is
good with no urgency in the inquiry, and the supply
is fair. The business is chiefly in choice names. Rates
are 3£@ 3f per cent for sixty to ninety-day endorsed
bills receivable, 3|@ 4f per cent for prime and 44@51
per cent for good four to six months single- names.
About the only notable feature during the week has
been the large transfers of balances between a few of
the down-town banks incident to settlements for
825.000. 000 of Great Northern Railway new preferred
stock which stockholders had the privilege of taking
at 60 per cent. It is announced that prominent di
rectors of the Park Bank have acquired a controlling
interest in the Plaza Bank, capital 8100,000 and net
profits 8107,000. This is a State institution organ
ized in 1891.
The feature in the European political situation this
week has been the report that Spain had accepted the
terms of peace offered by President McKinley. This
report, although unconfirmed as we write, had a very
decidedly favorable influence upon the price of'Span
ish 4 per cents in London on Wednesday, causing
them to advance to I l f . The highest price before
the disaster to the Maine in February was 61f add the
lowest 29| after the destruction of Admiral Mohtojo’s
fleet by Admiral Dewey at Manila on May 1. ;:The Bank of England minimum rate of discount
remains unchanged at 24 per cent. The cable reports
discounts of sixty to ninety day bank bills in London
at 14 per cent. The open market Tate at- Paris
is l f @ l | per cent and at Berlin and Frankfort
A ugust 6, 1898.J
THE CHRONLOLE
it is 3 i@ 3 i per cent. According to our special cable
from London the Bank of England lost £803,948
bullion during the week, and held £34,479,098 at the
close of the week. Our correspondent further ad
vises us that the loss was due to the export of
£40,000 (of which £30,000 were to Holland and
£10,000 to South America), to shipments to the in
terior of Great Britain of £934,000 net, and to the
import of £170,000, of which £145,000 were from
South America, £20,000 from Australia and £5,000
from China.
The foreign exchange market has been quiet and
firm this week. There has been some demand for
mercantile remittance and lighter offerings of spot
grain bills, which will account in great part for the
firmness. The small supply of spot grain bills is said
to be mainly due to the light movement of winter
wheat to the seaboard, the grain being in good demand
from millers, and there being small stocks of old wheat
in farmers’ hands. There are some grain futures
offering, but these are chiefly for delivery in Septem
ber, and as yet there are not many cotton futures in
the market. At the moment the supply of commer
cial bills seems to be principally confined to those
drawn against provisions. The most important feature
this week has been the engagement of $1,950,000 gold
in London by Lazard Freres, announced on Tuesday,
and of $125,000 by the Bank of British North Amer
ica. It was also announced that $1,650,000 gold had
been shipped from Sydney, N. S. W ., for San Francisco,
and on Wednesday news came that there had been an
arrival of $280,444 gold at San Francisco from Hong
Kong for local banks in that city. This movement of
gold from China is so unusual as to attract attention.
The shipment from Sydney is simply the resumption
of the movement which was temporarily suspended in
May. There was some surprise expressed at the large
consignment for Lazard Freres for the reason that it
was not clear how the importation could be made at a
profit while sight exchange rates were firmly held at
figures which were supposed to be above the gold-im
porting point.
There was no question, however,
about the movement being strictly an exchange opera
tion and profitable.
The range for nominal rates for exchange has re
mained unaltered during the week at from 4 84i to
4 85 for Sixty day and at from 4 86 to 4 86^ for sight,
with nearly all the drawers quoting the lower figures.
The tone of the market was firm on Monday, but
rates for actual business were unchanged. On tbe
following day they were advanced one quarter of a
cent, compared with those at the close of Friday of
last week, to 4 83^@4 83| for long, 4 85£@4 85£ for
short and 4 85}@ 4 85J for cable transfers.
On
Wednesday there was an inquiry for cables, which
caused an advance of one-quarter of a cent, to 4 853@
4 86, while long and short sterling were unchanged.
The market was firm, so continuing on the following
day, without alteration in rates. On Friday ihere
was an advance of one-quarter of a cent in long and
short.
Tjie market closed firm on that day with rates for
actual business 4 83|@4 84 for long, 4 85J@4 85J
for short and 4 85J@4 86 for cable transfers. Prime
commercial 4 83£@4 831 and documentary 4 82J@
4 83.
Cotton for payment 4 82£@4 83, cotton for
acceptance 4 831@1 83£ and grain for payment 4 82J
0»A 83. The following shows daily posted rates for
exchange by some of the leading drawers.
249
DAILY POSTED RATES FOR FOREIGN EXCHANGE.
Brown B ro s........
Baring,
M agoun & C o..
3ank British
No. A m e rica ..
Bank o f
M o n tr e a l.........
Canadian Bank
o f C om m erce..
a e id e lb a ch , Icke lh eim er & Co
Lazard F reres..
M erchants’ Bk.
o f Canada..
F r i .,
J u l y 29.
M o n .,
A u g . 1.
84*
80
85
8 f!«
sm
86
84*
86
84*
86
64*
86
84*
86
85
86}$
841$
86
84*
86
64*
80
841$
86
84*
80
84*
86
days.
1 S igh t....
$ 00 d ays.
\S ig h t....
5 60 days.
( S igh t....
JUO days.
(8 ig h t ....
S60 days.
\ S igh t....
5 60 d ays.
f S ig h t....
< 6 0 d ays.
\ S igh t....
5 60 d a y s.
} S ig h t ....
(6 0
84*
86
84*
86
TUE8..
2.
Aug.
W ed.,
Aug.
84*
86
85
861$
84*
86
84*
86
84*
86
84*
86
84*
86
3.
Aug.
§4*
86
4.
84*
86
85
f>61$
84*
86
84*
80
84*
86
84*
86
84*
80
84*
80
§ i*
80
85
80*
84*
86
84*
80
84*
80
84*
86
84*
86
84*
80
Aug.
5.
84*
86
86*
84*
86
84*
86
84*
86
84*
80
84*
80
84*
86
L’h e following statement gives the week’ s movement
of money to and from the interior by the New York
oanks.
W eek E n d in g A u g .
5,1898.
Sold ..................................................
Total gold and legal tenders___
R e ceiv e d b y
S h ip p e d b y
N , Y . B a n ks. N . Y . B a n ks.
$3,874,000
542,000
N e t In te r io r
M o v e m en t.
$2,089,000 Gain.$l,785,000
424,000 Gain. 118,000
$4,410,000 $2,513,000 Gain.Sl ,903,000
With the Sub-Treasury operations the result is as
follows.
W eek E n d in g A u g .
5, 1898.
In to
O ut o f
N et C hange in
B an ks.
B an ks.
B a n k H o l d in g s .
Banks’ Interior movement, as above $4,410,000
28,000,000
$2,513,000 Gain.$l,903,000
30,500,000 Loss. 2,500,000
Total gold a n d legal tenders___ $32,416,000 $33,013,000 Loss. $597,000
The following table indicates the amount of bullion
tn the principal European banks this week and at the
corresponding date last year.
A ug.
Bank of
4, 1896 .
Aug.
G o ld .
S ilv e r.
T o ta l.
G o ld .
X
X
£
£
England....... 31,479,098
France__
75,026.018
Germany. ..
28,099.000
110,229.000
Russia
Aust.-Hung’y 84.976.000
Spain. ....
K10.232.000
Italy ........... 14,783.000
Netherlands. 4.223.00''
Nat. Belgium. 2,897,000
34.479,098
49.637.470 124.663,188
42.573.000
14,474.000
4,385.000 114.014.000
12,031,000 47,007,000
5,505,003 15.787.000
1,899.000 16,6a2,000
0,920 000 1L, 148.00-'
1,418.000 4,345.000
|
5, 1897.
S ilv e r .
£
35.98S,303j
80,892,438 48.995,009
28.600.000 14,713,000
93,078,90o| 4,658,000
37,299.000 12,626,000
8,996.000| 10,750.000
15,163,000 2,088,000
2,032 000 6.926,000
2 741.333 1,370,067
T o t a l.
t
35.986,30
129 857,4
43,333 ^
97,733,
49,925,
19,740,00
17,851,000
9,558.000
4,112,000
Tot.this week 314,99 >,110 96,893,170 411,898,5-0 305,188,079 102746070 408.134,755
Tot.prev. w’k 315.711. ->03 9B.804.S21 4l9.nl0.S>-7 300.308 1 * 8 ‘3047426 409,35 2.423
P R IN C E B ISM ARCK .
Had Bismarck’s death occurred in 1886 instead of
in 1898, the news would have been received with a
shiver of misgiving throughout the European capitalsIt was then believed, and not wholly without reason,
that the German Chancellor alone had control of the
checks and balances which prevented disturbance of
European international peace. Even when, in 1890,
the young German Emperor made up his mind that if
he was to rule at all, he must rule without Bismarck,
apprehension was freely expressed that the armed col
lision of Continental States could not now be long
delayed. Yet Bismarck lived in retirement for
eight years, and the impulsive young man who dis
placed him has had free hand in the management of
German diplomacy; and the crisis is apparently no
nearer in 1898 than it was in 1886. It may indeed be
said, so far as surface indications go, to be more re
mote; for such threatening demonstrations (chiefly
naval) as have occurred this year have been designed
to prevent tbe consummation of suspected plans of
wholesale and unconditional land grabbing, while the
more or less menacing army movements of a dozen
years ago were thought at the time to be inspired by
the mere wish to provoke a quarrel.
The death of Bismarck, then, after a long retire
ment in which his services seemed to be no more
missed than were thoso, say, of Mr. Gladstone, sug
50
JL
’HE CHRONICLE
gests the queries how far Bismarck was the creator of
the existing European diplomatic situation ; and if
creator, how far his work had been finished before his
withdrawal from public life.
In so far as the present maintenance of European
peace results from the maintenance of standing armies
bo formidable in numbers, and so capable from train
ing, that attack is too dangerous to tempt an antagon
ist, the present situation will be regarded generally as
Bismarck’s work.
He was not, of course, the
originator of the theory. Frederick the Great had
proved, a century before, that peace may be se
cured by the maintenance of an army so power
ful that war by any hostile government would be dan
gerous. Napoleon, Louis X IV . and Cromwell had
each in turn built up national power through the sup
port of a trained and active army. But with the ex
ception of Cromwell, these other modern rulers had
made the mistake, perhaps inevitable in their case, of
keeping the army forever engaged in hostile enter
prises. The result of this policy was, first, national
exhaustion, and, second, the gradual alienation of all
other governments through jealousy or suspicion.
Frederick himself, who undoubtedly wished for peace
after his fundamental purposes had been achieved,
was forced into a similar policy, which perhaps led the
way to Prussia’s weakness in the face of X apbleon's
later assault.
Bismarck avoided this pitfall through his union of
the consistent policy of an established standing army
with a diplomacy which undertook to keep all other
possibly hostile States divided from oue another.
Both lines of action were based on the frank assump
tion that the Powers of Europe would attack one
another if they dared, and if the inducement were
obvious enough. Bismarck undertook to construct a
system under which the risk of such attack would be
greatest and the inducement least. With this funda
mental principle in mind, the statesman who had
torn Schleswig-Holstein from Denmark, Venice from
Austria and Alsace-Lorraine from France, each
as a prize of war for Prussia or its ally, be
came the most formidable opponent of ambi
tious schemes of territorial acquisition. Austria’s
designs in the Balkans were blocked by the per
sistent erection, under Bismarck’s dictation, of petty
independent governments, and if Bismarck did not in
1878 check Russia’ s movement towards the Dar
danelles, it was only because he saw that Great Britain
could interpose a sufficient veto without committing
Germany to an unfriendly attitude towards its Western
neighbor. The Treaty of 1897 between Greece and
Turkey, by which the victorious power obtained
hardly more of what it wished than did its defeated
antagonist, was not, to be sure, the personal work of
Bismarck, but it was a distinct sequence to his
policy.
It may be said, then, by way of explaining the lack
of any apparent ill results from Bismarck’s retirement
from office, that his theory and system of European
diplomacy had already been completed and fastened
on the governments, not only of Germany, but of
every first-class European State. Long before his
surrender of diplomatic power Continental Europe
had become a group of military Powers, none of which
could be certainly defeated unless by a combination
of two or more among the others: such combinations
likewise were not only rendered doubtful by a network
o f secret treaties, but were discouraged by the form-
VOL. L X V II^
all)' approved tradition that a large concession to any
single State was a menace to all its neighbors which
must at any hazard be prevented. The outcome of
this peculiar situation is the cumbrous but not ineffect
ive machine known as the “ Concert of Europe,’ ’
which, in a constant atmosphere of mutual susyncion,
works in apparent harmony. Another result is the
constant affirmation, by the European sovereigns and
ministers, of their desire and purpose to maintain the
peace of nations; declarations whose striking char
acter cannot be fairly judged except by comparing
them with the habitual attitude of sovereigns such as
Napoleon III., or of ministers such as Bismarck him
self, a generation ago.
But although this system, except for the two short
lived Turkish wars of 1877 and 1897, has maintained
unbroken peace in Europe during twenty-seven years,
after a period, almost equally long, of unremitting
warfare, even its advocates have been forced to admit
that there are elements in it which, threatened to de
velop later points of weakness. Not least among
these, visible defects is the enormous costliness of the
policy. The system is threatened on the one hand,
remotely or immediately, by the resentment of citizens
and legislatures over the heavy taxes and the removal
of so large a part of a population from productive in
dustry; on the other hand it is menaced in all ex
cept the strongest financial States by the possibility
that the strain on public resources will result in gov
ernment insolvency.
Each of these troubles de
velops slowly, but the progress of each is distinctly
marked in the recent history of Europe; and
it is the Nemesis of Bismarck’s system that
retrenchment, or even maintenance of the military
status quo, is impossible. Bismarck himself led theway with a heavy increase in the German armament
at each septennial grant by the Reichstag, and the
very basic principle of his system made it inevitable
that all rival States should instantly meet such in
crease. Now that the navy has become an essential
factor in modern warfare, the contest of exchequers
has been extended to the building of enormously ex
pensive iron fleets; there, too, the future assigns
no limit to the multiplying of annual expenditure. It
would seem to be evident that such a process of stead
ily accumulating public burdens cannot go on forever,,
and yet in its nature the process cannot stop.
It must be left, therefore, to the history of the com
ing generation to prove how far Bismarck’s states
manship possessed the element of permanence. Metternich, a statesman vastly inferior in ability and
judgment to the German Chancellor, built up a Con
tinental system by which the several sovereigns were
to control one another and the general destiny of
Europe; hut his diplomatic structure collapsed com
pletely, leaving hardly a trace behind, because he had
wholly ignored the sentiment and power of the peo
ple. Bismarck endeavored to avoid this blunder ; but
his concessions to legislative and popular prerogative
were not the concessions of a frieiid. The strangely
mediaeval penalties for “ majesfcats-beleidigung,’ ’
which to the outsider seem grotesquely out
of place in the philosophic German society, are
as distinct a fruit of Bismarck’s .policy as his
measures against free speech aud the free press, in
the Socialist controversy, or his arbitrary extension of
the military appropriations in the sixties, against the
express vote of the legislature. Usually he knew how
far he could defend such moves by the needs of the-
A ugust 6, 1898,]
THE CHRONICLE.
251
situation, but his policy, on the whole, was one of dic
tation and repression. In this fact lies the danger to
his system, both in Germany and elsewhere, for the
future. The permanently successful statecraft of this
century has been that which allied a strong central
administration and a conservative public policy with
the utmost possible freedom of popular voice and
vote. It may perhaps be doubted whether any polit
ical theory or system which antagonizes the intelli
gent popular instinct of a nation can in these days be
enduring.
Thus far, however, Bismarck’ s system of govern
ment and diplomacy has held its place because of the
general shrinking from what seemed to be the only
alternative. This may be said especially of the sub
mission of the majority of the European people to the
heavy tax budgets and the compulsory army service.
But it is also true, in Germany especially, that the
conservative classes, who in the long run control
popular sentiment, have acceded to Bismark’s policy
of imperial autocracy because the alternative in this
direction seemed to be either hopeless war of factions,
such as has actually come to pass in France and
Austria, or the still more formidable possibility of an
experiment in Socialism.
Company has increased from $29,323,850 to $37,728,
856, that of the Mercantile Trust from $25,339,667 to
$32,305,865, that of the Guaranty Trust from $13,909,712 to $20,385,589, that of the Farmers’ Loan &
Trust Company from $31,697,325 to $37,506,878, and
that of the Central Trust Company from $29,338,520
to $40,258,803. The United States Trust is the largest
of all the companies, but here the increase has been
only from $43,561,138 to $44,839,868.
In addition, new companies are constantly being
formed. Indeed, that is as significant a feature as
the growth and expansion of the old institutions.
Taking the period of the last five years— that is, since
the beginning of 1893— we find the following additions
to the list in New York State.
G RO W TH
This represents a very considerable body of new
financial institutions. It may help the reader to un
derstand the reasons for the formation of these new
companies at a time when interest rates have dropped
to such a low level to say that money-lending is by no
means the only or the chief function of these institu
tions. They act in various capacities which yield
them an income, and the freedom from restrictions
which they possess enables them to engage in and
finance undertakings where command of large siuns
of money is not only a positive advantage, but an ab
solute necessity. This will explain why these new
companies find it possible to pay interest to their de
positors when money is so cheap and yet make a profit
on their business year by year. For the fact that they
are doing a remunerative business is evidenced by
their increasing strength, the large dividends they are
able to maintain, and the high figures ruling in the
market for their shares.
It was not our purpose to-day to refer to the case of
any particular company or companies, but to show
the growth and power of these institutions as a whole.
The results for June 30 1898 have bren tabulated by
the Banking Department for the entire State, and
the figures have this week come from Albany. And a
wonderful record they disclose. The combined re
sources of the trust companies of the State now amount
to considerably over five hundred million dollars— in
fact the total reaches $527,084,533. During the last
six months the addition has been over 43 million dol
lars, during the last twelve months it has been over
83 million dollars. While the aggregate is now 527
millions, we would have to go back only to 1892 to
find it but 300 millions. The 226 millions accretion
since then represents an addition of over 75 per cent,
from which one gains an idea of the extent and rapid
ity of the expansion that has been iri progress. At
some of the semi-annual dates there has been a slight
recession in the totals, but practically the growth may
be said to have been uninterrupted in recent years.
Here is the record for January 1 of each year back to
1891, with the figures for July 1 1898 added.
AND
E X P A N S IO N O F TRUST
COM PANIES.
One of the most interesting phenomena of the
times—in a period when expansion is visible every
where—is the wonderful growth in the business and
resources of the trust companies. To the theorist,
unacquainted with the true state of things, nothing
would have seemed more natural than to see a decline
in the magnitude and business of these institutions
in recent years. Every one of them allows interest
on deposits varying from 1 per cent to 5 per cent. It
is easy enough to see that such an operation may be
made profitable when money in the market is in
urgent demand and interest rates rule high. As a
matter of fact, however, of late years it has been
almost impossible to find profitable remuneration for
idle funds. In the case of call loans (a favorite form
of investment with the trust companies, since it
leaves the money within reach, readily available in
case of emergency,) the rate has ruled for long periods
at not above 1@14 Per cent, and at times funds have
been practically unlendable. Even for time money
frequently not more than 2@3 per cent has been
obtainable. Thus the operation of turning deposits
over by the trust companies with profit has been an
increasingly difficult one for the institutions. In
truth, some of the larger companies have at times
been at pains to discourage deposits.
Under such circumstances what has been the course
of the deposits of these concerns. Has the aggregate
of the same been declining ? Far from it. There
has been continuous expansion, and at a rate more
rapid than before. We gave last week the detailed
statements of all the trust companies in New York
City and Brooklyn at the last three semi-annual dates
—that is, on June 30 1898, December 31 1897 and
June 30 1897. The most noteworthy feature disclosed
by these returns is the really striking growth which
has taken place in the deposits and in the resources of
the companies during the last twelve months. Take
for illustration only the larger companies. In this
period of a year the deposit line of the Union Trust
Fifth Avenue Trust Co., capital $500,000, surplus $500,000.
Produce Exchange Trust Co., cap. $500,000, sur. $500,000.
Standard Trust Co., capital $500,001
American Deposit & Loan, capital $500,000.
Chautauqua County Trust (Jamestown), $300,000.
Colonial Trust Co., capital $1,000,000, surplus 8500,000.
Columbus Trust Co. (Newburg), cap. $100,000, surp. $30,000
DelawareLoan&Trust(W alton), cap. $100,000, surp,$10,000.
Fidelity Tr. & Guar. Co. (Buff.), cap. $500,000, sur. $173,991.
Glens Falls Trust Co. (Glens Falls), cap. $100,000, sur. $50,000,
Manufacturers’ Trust(Brooklyn), cap. $500,000, sur $510,000.
North American Trust, capital $1,000,000.
Union Trust Co. (Jamestown), capital $100,000.
Union Trust Co. (Rochester), cap $200,000, sur. $20,000.
THE CHRONICLE.
252
aggregate
Ju ly
Jan.
Jan.
Jan.
Jan.
resou rces
o r ra n
t r u s t c o m p a n ie s o f n e w
1, 1898 ............ $527,084,533
1. 1898 ............ 483,739,920
1, 1 8 9 7 .....
396.742.948
1, 18 96............ 392,630,040
1. 1 8 9 5 ............ 365.419,729
Jan.
Jan.
Jan.
Jan.
Yo
rk
state
.
1, 18 94..............$341,4 06,011
1, 1893.......... 335,707,780
1, 1892............ 300,765,575
1, 1891............ 280,688,769
Of course in the case of the deposits the course of
the totals has been much the same—that is, the
additions in the immediate past have been very decided,
while the course of the movement has been almost un
interruptedly upward for all recent years. On June
30 these deposits stood at §419,795,776, on January 1
1898 at §383,328,725, on July 1 1897 at §348,569,217
and on .January 1 1S97 at §305,354,637. Thus in the
brief space of eighteen months there has been an in
crease of 114 million dollars, or over one third. Nor
must it he supposed that the increase is due to any
important extent to the increase in the number of
companies, for with two or three exceptions the newer
concerns have not yet acquired any considerable line
of deposits. In the following we trace the deposits
back to 1891.
growth in the aggregate resources of the companiesHere is the comparison.
STO C K
July
Jan.
! u.
Jan.
Jan.
1 ,1 8 9 8 ...............$419,795,776
1, 1898................ 383,328,725
1 ,1 8 9 7 .............. 305,351,637
1, 1896............... 307,351,893
1, 1895............... 285,741. “ 94
Jan.
Jan.
Jan.
Jan.
1. 1894...............
1, 1893................
1, 1892...............
1 ,1 8 9 1 ...............
2 6 6 / 92,955
261,295,048
2 3 4 ,4 6 6 /9 7
211,320,275
The changes in the investments of the companies
naturally possess a good deal of interest in view of
this great increase in the amounts at their disposal.
Collateral loans, as already stated, are the favorite
form of investment with the companies. Between
January 1 1893 and January 1 1894 there was a
marked contraction in that item, due to the occur
rence of the panic of 1893 and the peculiar monetary
and industrial conditions following that event, as ex
plained on previous occasions. But since then this
class of investments has been expanding again— slowly
at first, but more rapidly of late. During the six
months to Juno 30 1898, as it happens, there was a
contraction, which attracts attention by reason of the
great addition to the resources and deposits of the
companies in the interval. This is a significant feat
ure which, while it reflects the difficulty that exists
in putting out money in that way at profitable rates,
may also be taken to reflect the liquidation of loans on
sterling exchange as collateral, so plentiful last Jan
uary. A comparison of the totals for a series of years
is furnished in the following.
1,
1.
I,
1,
1.
IN V B 8T M B N T S O F T R U S T C O M P A N IE S,
1.998............ $124,744,724
18 98............ 113,525,798
1897............ 101,983,600
1S9G............ 104,512,839
1895............ 97,555,798
Jan.
Jan.
Jau
Jau.
1.
1,
1.
1,
1894 ............ $65,998,230
1893..............
57.185,649
1892..............
51,132,239
1891..............
47,180,478
We noted a few years ago a tendency on the part of
the trust companies to increase their loans on personal
security, including bills purchased. This tendency is
again manifest, the companies having added eight
million dollars to their investments in that way dur
ing the last six months. The purchase of bills was a
new feature in the business of the trust companies,
and while the aggregate so held is still small with re
lation to the magnitude of the other items, yet this
class of investments is growing larger by degrees. The
amount of such loans June 30 1898 was §39,150,212.
The bulk of these loans is found among three or four
of the leading companies, including some old and
very conservative institutions.
A G G R E G A T E D E P O S IT S O F T H E N E W Y O R K T R U S T C O M P A N IE S .
Ju ly
Jan.
Jau.
Jan.
Jan.
fVaL. L X ' I i.
L O A N S ON P E R S O N A L S E C U R IT Y B Y T R U ST C O M P A N IE S,
July
Jau.
Jan.
Jan.
Jan.
1 ,1 8 9 8 .................. $39,150,212
1, 1898.................. 31.183,292
1, 18 97................. 25,788,188
1, 18 96................. 2 9 ,3 6 9 /0 3
1 ,1 8 9 5 ................. 22,791,215
Jau.
Jan.
Jan.
Jan.
1,
1,
1,
1,
1894..................$22,036,957
1893................. 19,698,925
1892................. 17.210,145
1891.................. 9,755,643
With reference to the holdings of bonds and mort
gages, there is little to say, beyond noting that the
trust companies do not keep a very large part of their
assets invested in this way. Below are the figures.
H O L D IN G S O F RO N D S A N D M O R T G A G E S .
July
Jan.
Jan.
Jan
Jan.
1, 1898...................$32,157,082 I Jan. 1, 1=94.................$17,451,674
1 .1 8 9 8 .................. 32,624,995 I Jan. 1, 1893............
15,062,290
1 ,1 8 9 7 .................. 28,692,428 Jan. 1, 1892..............
13,379,463
1 ,1 8 9 6 .......... 25,114,077 , Jan. 1 ,1 8 9 1 . ... ................ 17,537,008
1, 1895................. 21,569,504 I
.
We now come to the most interesting feature of the
returns-—namely, the cash holdings of the institutions.
During the last six months these cash holdings in
creased 32£ million dollars, raising the total to 87-Jmillion dollars. These cash holdings represent the
uninvested portion of the assets of the institutions,,
and it is a striking commentary on the monetary situ
ation prevailing, and the inability of financial institu
tions to find employment for their money, that while
deposits during the six months were added to 36£
million dollars all but 4 million dollars of the.amount
went to swell cash on hand or in bank, so that in effect
the trust companies received the money without
being able to put it to any use. Of the 874 millions
of cash, §8,923,078 was held in their own vaults, the
L O A N E D ON C O L L A T E R A L B Y T R U S T C O M P A N IE S.
other §78,621,441 was on deposit in the banks, all but
Ju ly 1 ,1 8 9 8 $ 2 2 2 ,8 2 6 ,8 -4 I Jan. 1 ,1 8 9 4 . . . . i . . . $147,794,024
Jan. 1 , 1 - 9 8 ................ 230,581,708 |Jan. 1, 18 03............. 196,321,422
Jan. 1, 18 97................ 169,894,938 i Jan. 1, 18 92............. 173,552,829 a few millions of it, doubtless, here in New York City.
Jan. 1 ,1 8 9 0 ................. 169,U>1,348 Jan. 1 ,1 8 9 1 ............. 166,685,758 We close with the following comparison of the cash
Jan. 1 ,1 8 9 5 ................ 148,953,820 |
Naturally, the so-called stock investments of the holdings.
CASH ON H A N D A N D ON D E P O S IT .
companies (comprising their holdings of stocks and Ju ly 1,4 898 .
$74,365,761
....$ 8 7 ,5 4 4 ,5 1 9 Jan. 1, 1894.
35,033,016
. . . . 55,034,451 Jan. 1, li-9 3 .
1, 1894.
bonds) have also been exhibiting a steadily rising Jan.
33,932,847
. . . . 54.642,344 Jan. 1 , 1892.
Jan. 1, 1897
26,564,978
.
.
.
.
50,804,137
Jan.
1,
1891.
Jau.
I,
1896.
tendency. These investments are apt to fluctuate ■Tan, 1, 1895.
. . . . 61,206,703
more widely than the other items. If money rates
are lose, making collateral loans unprofitable or hard
to get, the companies naturally turn to this other D OES A R A IL R O A D L O S E IT S R IG H T OF
W A Y TH R O U G H A D V E R S E POSSESSION?
method for finding remuneration for their money,
An interesting case came up recently before the
and on that point it is rather noteworthy that during
the last six months when the aggregate of the col New Jersey .Supreme Court iu which this question
lateral loans fell nearly eight million dollars, the stock was raised. The case was that’ of Spottiswoode vs.
investments were increased over eleven million dollars. Morris & Essex RE., and the ruling of the Court was
The course of security values is also an important that the right of way of a railroad company may be
factor in the problem. The trust companies are man lost by adverse possession by the owner of the fee.
aged by shrewd men, and naturally they buy more It appeared that a deed to the railroad company of a
freely when prices are low than when prices are high; right of way authorised it to enter, take possession
indeed, they are sure to sell when the latter condition and construct its road on a strip not to exceed fourprevails. Altogether, however, the stock investments rods in width. The Court holds that the company
have shown marked expansion— in accord with the acquired no title under the deed except by entry.
A ugust 6 ' 8w».
THE CHRONICLE.
The decision of the Court is fortified hv citations of
authorities which make it evident that the weight of
judicial opinion is clearly in favor of the contention
that a railroad may lose its right of way through the
failure to take possession of it. The doctrine of ad
verse possession as applied to ordinary cases is presumed
to be well settled. But it was insisted by the com
pany in the present instance that this doctrine was
not applicable with reference to the property in suit.
The argument apparently was that the property had
been granted to the company for use for the purpose
of its franchises. Hence that although the plaintiff
may have been in possession of the property for the
period of twenty years, under circumstancesthat would
otherwise amount to an adverse possession, the com
pany still had the right to enter and take possession
whenever the exercise of its franchises required the
use of the premises.
But the Court shows that the legal precedents are
all the other way. Besides numerous American cases,
it refers to two English cases. In Norton vs. Railway
Co. the plaintiff, among other things, had contended
that a certain strip of land in controversy had been
abandoned by the railroad company and he was en
titled to it either as superfluous land or, under the
statute of limitations, by reason of adverse possession.
This contention was sustained by Vice-Chancellor
Malins in the Chancery Court, and his decision was
affirmed by the Court of Appeals. It was expressly held
by the latter court that the owner of the rest of the
field (in which the strip was enclosed) had had such a
possession of the strip as was sufficient to extinguish
the title of the company under the statute of limita
tions. In a later case in the Queen’s Bench the rule
was laid down that the mere fact that land of a rail
way company is required for the purpose of its under
takings and is not superfluous land, does not prevent
an occupier who has exclusive possession for the
period prescribed by the statute of limitations becomming thereby entitled to the land by virtue of the
statute.
Here in the United States there have been numerI ous decisions to the same effect. In Massachusetts
(in Littlefield vs. Railroad Company) it was held that
title was gained by adverse possession to land adjoin
ing a railroad which had been occupied openly,
adversely and exclusively from 1852 to 1880,
although the railroad company claimed an equit
able right to it but did not take actual posses! sion until the latter year. In Railway Co. vs. Kin
dred, the Supreme Court of Kansas did indeed hold
I that possession by adjoining land-owners of part of a
right of way granted by Congress a3 an easement to a
railroad company milst be regarded as permissive only,
and not hostile or adverse so as to confer title. But
the Court points out that the decision in that case
rested on the principle that the fee of the land be
longed to the United States, and that as against the
Federal Government land-owners could acquire no
title by possession or limitation.
Of like tenor are the rulings of the Illinois judic
iary. In Railroad Co. vs. O’Connor, the Supreme
Court of that State held that the exclusive adverse
Dossession for twenty years by a farmer as part of his
farm of a strip of land adjoining a railroad track
was a complete bar to the assertion by the railroad
company of an easement in such strip. The doctrine
laid down in that case was that while mere non use
of all or part of a railroad location, or right of way,
253
will not defeat or impair the right, yet the adjoining
land-owner, or the owner of the fee, may obtain title
or regain title by an adverse use or occupancy for the
requisite statutory period, where the conduct of a
company has been such as to indicate its intention to
abandon the whole or part of the location or right of
way.
In the action in New Jersey, where the present
ruling was obtained, the defendant railroad had
cited cases holding that no length of time will justify
an encroachment upon streets or public highways.
But the Court says these cases do not touch the ques
tion in dispute in the present instance. Streets and
highways are vested in the public authorities for pur
poses that are exclusively public— a purely public
right with no semblance of private ownership—and
lands so appropriated to public use are absolutely in
alienable. On the other hand the possession by a
railroad company of its roadbed is the possession by a
corporation as its private property to enable it to perfrom a public duty.
E A R L Y E FFE C TS OF TH E S P A R IS E WAR
U PON TH E F O R E IG N T R A D E OF J A P A N *
T o kio , Ju ly 1, 1898.
The news regarding the outbreak of war between
the United States and Spain was received here with
some surprise. As we could not foresee the possible
effects of the conflict on the Pacific Ocean and of the
subsequent derangement in international communica
tion, that part of our foreign trade which includes the
dealing of this country with the United States has been
subjected for the time being to considerable disturb
ance.
Even earlier than this—that is, immediately after
the blowing up of the Maine— the demand for our raw
silk and other articles of luxury by the United States
was much diminished and our export trade suffered
accordingly, as indicated in the following table.
JAPANESE EXPORTS OF RAW SILK TO THE U . 8.
/—Total at end o f each
M onthly account.—*
succeeding month.—*
1898.
1897.
1898.
1897.
January ................... 1,882,938
1,115,411
1,882,938
1,115,411
F ebru ary ....................2,484,297
1,557,641
4,367,236
2,673,052
M arch...........................1,295,720
3,227,555
5,662,956
5,900,607
A p ril............................. 1,202,149
1,643,750
6,865,105
7,543,357
In studying the above table it becomes apparent
that our export trade in raw silk for the United States,
which had made a promising advance in January and
February, abruptly declined in the following months.
It is altogether needless to say that such was an in
evitable outcome of the general agitation in the
United States arising from the explosion of the Maine;
for silk being an article of luxury the demand for
it would naturally fall off as soon as a war cloud
arose. Unfortunately our export commodities con
sist mainly of things of luxury, such as silk, tea,
camphor, porcelain and various curios. Therefore if
the present war continues long, it might give a severe
blow to our trade, especially because silk and tea con
stitute most important elements of all our export
goods, and one-half of these materials is annually
consumed in the United States.
Such being the peculiarity of our foreign commerce,
one can readily understand why our market prices of
tea and silk are so unsteady under the influence of the
present war. It is to be remembered that the new
season for tea and silk begins as early as April, and the
markets for these new commodities are generally
opened with good prices. The present spring the
* Communicated by our Special Correspondent at Tokio, Japan.
254
THE
CHRONICLE.
openiug prices of new tea and silk were quoted in
Yokohama at forty yen and eighty-six yen respective
ly. But as soon as the war broke out between the
United States and Spain the regular course of busi
ness in the treaty port of Yokohama was nearly sus
pended for a time, and the quotations for tea and silk
were only thirty and seventy-seven yen respectively
On the other hand, imported goods, such as raw
cotton and kerosene oil, have spontaneously risen in
value. With the higher price of raw cotton has come
a higher price for cotton yarn. It rose from eightyfive yen to eighty-nine yen. For a time the prices of
those commodities fluctuated very violently, and our
foreign trade was almost in a state of chaos. Not un
til the news concerning the victory of the American
fleet at Manila reached here did our foreign trade re
sume its regular routine. Thus silk has nearly re
gained its original price, while raw cotton and cotton
yarn have resumed their former quotations. Tea,
though not back to its previous figure, has sold quite
freely under the new circumstances.
These are some aspects of the business confusion
which took place in this country at the outset of the
Hispano-American War. And the reason for these vio
lent disturbances in prices can be readily ascertained.
Before the American victory at Manila the danger
on the Pacific Ocean was universally regarded to be
paramount: merchants refrained from shipping their
merchandise in American vessels, and insurance
companies declined to run the great risk of insuring
any cargo in American vessels. But when the battle
of Manila decided the fate of the Spanish fleet in the
East and gave the American navy complete control of
the Pacific, our business relations with the United
States again became safe; hence our shipments for
your country are now freely made in American ves
sels, and insurance companies are willing to do their
business with our shippers, only charging some small
amount extra.
Therefore the great victory of the American fleet
was a very encouraging event to Japan as well as the
United States. Moreover we think the American
navy deserves high credit for its brilliant strategy in
so quickly securing free control of the vast ocean.
Turning to the increasing cost of business under
the present trouble, let us first quote the following
list of extra charges made by the famous China Insur
ance Company, whose example is almost universally
adopted by other minor firms in Kobe and Yokohama.
EXTRA CHARGE OF INSURANCE FEE FOR THE WAR.
By
By
By
By
neutral ship fo r a fighting cou n try......... .............................2% p er cent
neutral ship for a neutral cou n try..................................... H , p er cent
A m erican ship fo r A m erica.................................................. . 5 per cent
Am erican ship fo r a neutral cou n try................................. 2% per cent
In addition, the freight over the Pacific has gener
ally risen about thirty per cent. Those steamship com
panies which used to charge six dollars per ton of Jap
anese curio for freight from .Japanese port to the West
ern coast of the United States now charge eight dol
lars. Necessarily every one of these conditions tends
to keep the price of various export goods in this countrp at a lower level than usual, while at a higher level
in the United States.
Moreover, the new import
duty on tea adopted by the American Government as
a part of the war finance, has much aggravated the
unfavorable situation of the tea trade in this country
by bringing down the price for this important product
as low as twenty-five sen per pound. While on the
other hand the rate of interest is excessively high here
at present, and wages are increasing almost every day.
(V ol LXV1I.
Thus the Japanese tea planters are rapidly losing
their money.
These unfavorable circumstances are the causes of
general regret here, though we Japanese are in deep
sympathy with the American people in the present
trouble. We wish, therefore, to see a speedy end to
the war in favor of the United States.
So far as the trouble in the Philippines is con
cerned, the case i3 entirely different.
Our trade
with these islands is very insignificant, and the prevail
ing state of belligerency at Manila is not so intoler
able to us as the disturbances in our trade with
tbe United States.
But the question whether
the islands should remain under tbe rule of the
United States or under any European power is
a matter of great importance for us. Certainly
France, Russia and Germany would not allow Eng
land to purchase them from the United States.
England, on the contrary, would not allow her
rivals to satisfy their ambition. If the United
States should return the islands to Spain at the end of
the war, the latter might turn them over to some Con
tinental Power. Under any of these circumstances,
disturbing international complications might ensue
about which Japan can not remain absolutely un
concerned.
Hence it is very important that the United States
should retain the islands. Their resources might be
best cultivated by tbe first industrial power in the
world, and the prosperity of these, our neighboring
islands would either directly or indirectly improve our
foreign trade. Therefore we are very glad to extend
onr hands and welcome the United States to this
quarter of the world. We believe her presence in
this hemisphere would eventually make the principle
of peace a more active force than at present in the
sphere of the Eastern diplomacy.
FAILU RES
BY
BRANCHES
OF
TRADE.
W e take from D an ’s Review the follow ing statem ent
showing the failures in the United States by branches of
trade for the m onth ending July 31 in each of the last
three years.
FAILURES BY BRANCHES OF BUSINESS.
July.
M a n u fa ctu rers.
1898.
N o.
Iron, fo u n d rie s aud nails,.
M achinery and t o o ls . . . —
W o o rn s.e 'rp T s& k n ltgo o d a
C otton s, la c e and h osiery..
LurolPr,carp’nt'rs& oo o p frs
C lothing and m illin ery. . ..
H ats, g lo v e s and fu r s ........
C hem icals, drugs & paints.
P rinting a n d en g r a v in g ....
Milling an d b a k e rs . . . . . . . .
Leather, s h o e s & harness
L iquors and t o b a c c o ..........
Glass. earth en w are & b rick
U1 o t h e r ...............................
L iabilities,
1897.
N o.
Liabilities.
8
16
4
2
17
17
S
301,000
824,400
53,600
25,000
259,000
52,943
3
15
19
16
7
7
82
52,001
153,100
361.559
184,913
148,392
189,900
1,700,958
7
5
88
$
16,608
186,853
251,060
113,000
190,378
187.425
27,900
2 *,000
62,60f
108,757
44,932
'29,450
160,550
1,151,027
2,547,540
6
16
3
4
24
20
6
5
0
16
12,
1806.
N o.
L iabilities,
Q
4
9
4
38
37
3
8
20
10
9
9
8
103
$
699,000
279,500
465,000
65,000
1,461,628
321,424
52,000
574,300
846,700
131,070
80,435
233,740
734,000
1,625,137
271
7,568,940
97
418.131
375,327
181
467,874
25
311.842
84
-164,493
44
514,266
56
158,661
45
275,894
22
204,779
42
120,908
44
48,457 * 13
73,992
19
10,300
7
686,382
157
637,928
695,349
84,290
725,020
242,908
763.288
208.907
161,200
353,680
175,797
96,080
237,47?
25,881
2,-168,580
T o ta l m a n u fa ctu rin g ...
trad ers.
G eneral s t o r e s .....................
G roceries, m eats and fis h ..
H o te ls and re s ta u ra n ts .. . ,
uiquors and t o b a c c o .. .. . .
C lothing a n d fu r n is h in g ...
D ry g o o d s and ca rp e ts.......
Shoes, rubbers an d trunks.
Furniture and c r o c k e r y ...
H ardware, s to v e s & to o ls .
D rugs and p a in ts ,. . . . . . . . . .
Jewelry an d c lo c k s ............ .
Rooks and p a n e rs.. . . . . . . .
H ats, fu r s and g lo v e s .........
All o t h e r .. . . . ..
208
4,803,065
,213
71
169
26
87
48
Zt>
39
14
22
32
9
4
98
826,090
47],346
216,113
333,724
135.011
866,085
222,525
118,084
111,806
126,884
50,124
11,700
15,000
860,322
70
385
86
77
50
37
33
25
28
40
12
7
5
105
T o ta l t r a d i n g ,............ .
Brokers an d tr a n s p o r te r s .
615
29
3,371,414
2,426,376
7161
19
1,140.366
429,821
836
29
6,900.385
1,025,820
948
7,117,727
3,136
15,601,005
T o ta l c o m m e r c ia l.........
2
882 10,101,455
No te —Iron, woolens and cottons include all the brano&ea of muse manu
factures; machinery Includes Implements and tools; lumber includes saw"
planing, sash and door mills, caroenters and coopers; clothing: includes millinery
and furnishings; hats include furs and gloves; chemicals include drugs, fertili
zers, paints and oils; printing and hooks include engraving and maps; milling
includes baking; leather and shoes include makers of harness, saddlery, trunks
ind rubber goods; liquors include tobacco, wines, brewers and beer; glass in
cludes earthenware, pottery, brick, lime and cement; groceries include meats
stndflsh; hotels include restaurants; drygoods include carpets and curtains; i
furniture includes crockery; hardware includes stoves and cools; and jewelry
Deludes clocks and watches. Brokers include all real estate, note, insurance
or produce dealers whose main business is not the handling of actual product f , J
wfth mortgage and other loan concerns, and transporters include all except in- j
oorporated railway companies.
THE CHRONICLE,
A ugust 6, 1898.1
255
D E B T S T A T E M E N T J U L Y 30 1898.
IM PORTS A N D E X P O R T S OF GOLD A N D
The following statement of the public debt of the
S IL V E R A T S A N FRANCISCO.
United States on July 30 1898 is made up from
W e have received this week from the Collector of Customs
official figures issued on that day.
Further on we at San Francisco the details of imports and exports of gold
give an interesting exhibit of the bonds issued in aid and silver through that port for the month of June, and give
them below, together with the figures for the preceding
of the Pacific Riilroads, and the Treasury cash hold months, thus completing the results for the fiscal year 1897-98.
The imports of gold continue of large volume, the amount re
ings, all of the same date.
ceived reaching $3,885,485, of which $2,437,761 was in coin.
Of silver there came in $106,130, of which $98,768 was bul
lion. There has been received during the twelve months a
total of $25,334,423 gold and $3,033,303 silver, which com
pares with $9,572,572 gold and $2,188,053 silver in 1898-97,
The shipments of gold during J une were only $37,205 coin
and the exports of silver have been $165,946 coin. For tbe
twelve months the exports of gold have been $1,217,490,
against $1,083,945 in 1896-97, and $9,514,181 silver has been
..................
RR
Bonds.. ................. 1,293,236.200 693,961,050 153.365.550 847.367,730
sent out, against $9,459,133 in 1896-97. The exhibit for Jane
Bondsissued'to Pacific Railroads not yet matured: Central Pacific.
$9,197,000; Union Pacific, $3,157,000; Western Pacific, $1,650,560:
total.......... ........................................................................................
14,004,660 and tbe twelve months is a3 follows :
INTEREST-BEARING DEBT JULY 30. 1808.
Amount
,--------- Amount outstanding.---------.
Interest
Coupon.
lotal.
Registered.
issued.
payable.
2 Itle of Loan—
$
$
4^ 9, Fund. loan,1891. \Q.-M.
25.364,500
250.000,000 25,304,500
Continued at 2 p.c.
740,908,050 490,964,460 68,682,250 559,646,700
..0 — j .
41,130
40,012.750
s .Q .- J.
100.000,000 65,969,200 34.030.805 100.000.000
6s, Loan of 1904.
162,315,400 111,682.900 50/62,600 162,315,400
4s, Loan of 1925.. . . Q - F.
IM P O R T S O F a O L D AN D S IL V E R A T SAN F R A N C ISC O .
Note - T he denominations o f bonds are as follows . Two percents (registered
only), $50. $100, $500, $1,000, $5,000, $10,000, $20,000. $50,000; 4s of 1907, regis
tered, $50, $100, $500, $1,000, $5,000, $10,000, $20,0v0, $50,000, coupon, $50. $100,
GOLD.
$500, $1.00“ ; 4s, refunding certificates, $10; os o f 1904. registered, $50. $100,
MONTHS.
$1,000, $10,000, coupon. *50, $100, fl.o o o : 4s o f 1925 registered, $50, $100, $500,
Bullion
Coin.
Total.
Coin.
$1,000. $5,000, $10,000. coupon. $50, $100. $500, $1,000.
DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY
1897-98.
9
9
$
July 80.
J u n e 30.
2,630 78,264
80,944
81,334 179,971 261,305
$128,300 00
Funded Loan o f 1891, matured September 2,1891.. $130,400 00
61,281
65,760
Ansmst___
2,193,965
2,255,246
132,932 19-1,692
1,131550
26
Old debt matured prior and subsequent to Jan. 1,’6L 1,132.2r0 26
62,065
8eptemb'r. 3,293,091 337,555 3,630,646
84,157 146,222
65,552 148,153 213,705
$1,260,060 26 O ctob er... 1,950,426 88,467 2,038,893
Debt on which interest has ceased...................... $1,262,680 26
November. 1,583,021 339,35C 1,922,371
97,403
99,666 197,069
Bonds issued to Pacific railroads matured but not yet pre
104,916 113,215 218,131
December. 854,26* 389,044 1,243,312
sented: Union Pacific, $>".000; Central Pacific, $i?,000;
87,000 00 January...
885 905 35,562 921,467
44,22Kansas Pacific, $U,0u0; Sioux City A Pacific, $3,004; total...
58,988 103.211
February.. 2,221,660 391,757 2,613,417|
13,365 122,980 136,345
DEBT BEARING NO INTEREST.
1,512,055 137,944 1.649.999,
32.680 157,850 190,530
United States notes...........................................................................1346,081,016 00 March....... 2,648,886
418,253
3,067,139
20,435
April.........
129,599 150,034
Old demand notes..............................................................................
2,94
9,052
76.452
3,025,504|
6,183 105,746 111,929
National Banknotes—Redemption account.................................
30,0//,070 00
7,362
Fractional currency....................................................$15,200/80 14
J u n e . . . . . . 2,437,761 447,724 2,885,485|
98,768 106,130
Less amount estimated as lost or destroyed............ 8.875.934 CO
_
r o t .l2 mos 22532770 2,801,653 253344231 601,278
Aggregate of debt bearing no Interest....................................... $384,297,441 64
E X P O R T S O F O O L D AND S IL V E R F R O M SAN F RAN CISCO .
RECAPITULATION.
GOLD.
S IL V E R .
Increase or
July 30,
June 30.
MONTHS.
Decrease.
1893.
1898.
Coin.
BuWn
Total.
Coin.
Bullion.
Total.
$
Classification of Debt
$
$
Inc.260 00
Interest-bearing debt....... 847,367,780 00 847,367.470 00
1897-98.
Dec,? ,030 00
s
1,262.680 26
*
Debt. Interest ceased.........
1,2 0,050 26
$
$
$
Inc.,H4.529 CO In ly..........
Debt bearing no interest... 381,297.441 64 384,112.912 61
8,175
8.1751 471,696 405,080
876,776
108,255
ioo 108,355 643,471 325,188
August___
969,659
Dec. 182.159 00 Septemb’r.
Total gross debt.......... L2-2,925.221 90 1,282,718,002 90
390
13,430
840,436
13,040
383,500
1,226,936
Inc. 49.186.644 30
205,667.570 7d
Cash balance in Treasury.. 254.844,215 03
100
931,022 445,900 1,376,922
O ctober...
10,702
10,802
__ 443,095 788,998 366,500 1,155,396
Total net debt............. 978,081,006 81 1.027.0-15.492 14
Dec.49.001,485 SO November. 443,095
December. 417,100
968,602 406,970 1,375,572
520 417,620
Tbe foregoing figures show a gross debt on July 30 January ..
13.630
500
14,130
254,719 334,600
589,318
78,865
78,865
68.916 361,000
449.946
1898 (interest-bearing and noninterest-bearing) o f §1,282,- February..
24.504 343,100
3.656'
March___
3,656
367,604
925,221 90 and a net debt (gross debt less net cash in the April.........
10,995
10,995
15,848 294,344
310,192
M a y .......
81,162
81,162| 121,880 529,334
651.214
Treasury) of $978,081,006 84.
The large decrease in the net J u n e .........
27,205
....
27,205
165,946
165.946
debt is dne to deposits with the Treasury on account oT tak
ings of the new three per cent bonds, whereas the bonds have
not yet been issued.
P a c i f i c R a i l r o a d D e b t . — These bonds are never included
in the official total of the Government debt. To show their
present status we have made the following compilation :
r o t .l2 mos 1,215,880
1.610 1,217,490! 5,295,965 4,218,516
9,514,481
Clearings by T elegraph.—Sales o f Stocks, Bonds, &c.—
Transactions o f the Stock Exchange C learing Honse.—
The subjoined table, covering clearings for the current week,
usually appears oa the first page of the C hronicle, but on
account of the length of the other tables is crowded oat
BONDS ISSUED TO PACIFIC RA ILROADS—THEIR STATUS AUG. I, ISOS
once a month. Tne figures ars received by telegraph from
Railroad Liability.
Bonds—Maturity of. the leading cities. It will be observed that a3 compared with
Deduct
the corresponding week of 1897 there is an increase in the
Name
Sinking Leaving
Bonds
Net
Post-Due, Due Jan. aggregate of 2'4 per cent. So far as the individual cities are
Ntt
of Railway.
Fund.
Issued
Int.Pald
by Oov't. by Qov’t.
Liability. Unpaid. 1, 1899.
Ac.
concerned, N ew York exhibits an increase of 0 ’9 per cent, and
the gains at other points are : Philadelphia 9'4 par cent,
$
$
$
$
Central Pacific... 25,8-5,120 86,616,W7 8,832.322 68.669.186 10/ 88.120 9,197.000 and New Orleans 0'2 per cent. Boston records a loss of 1'5
320.000 1,650.560
5,3*2.399
Western Pacific. 1.970,560, 3,411,839
per cent, Chicago 4-4 per cent, Baltimore 14'5 per cent, and
....... H.707.408 1.600,000
Cent. Hr.. U. Pac. 1,000,000 2.167,it 9
Sioux City A Pac. 1.028,3201 9,604,008
4,232,388 1,628.320
St. Louis 3T per cent.
Total............ 81,0134.000 44.790.7H2
07,051, <40! 20,230.4 40 10.817.560
T reasury Cash and D emand L iabilities .—The cash hold
Week Ending Aug. 0.
Clearings .
Returns by Telegraph.
ings of the Government as the items stood July 30 we take
from the Treasury statement of that date. The net cash
stance given below is the same as deducted above in reach
ing the net debt.
Per Cent
New Orleans ........................
$6L1,010.993
84,526,185
55,379,870
13,278,878
78,430,482
21.140,477
5,230.007
$00 3,205,487
85,820,054
50,005,038
15,538,823
82,039,650
21,810,885
5.220,003
+0*9
-1*5
+9-4
-14*5
-4*4
-3*1
+ 0-2
Other cities, 5 days...............
$809,003,498
150,017,267
$803,307,740
132.099.974
8-03
4-13-6
Total all cities, 6 days__
All cities, 1 day.....................
$1,019,020,705
192,741,102
"$998,403,720
185,388.882
6-21
+4-0
Total all cities for w eek..
$1,211,701,807
$1 18J.775.rH2
4-2-4
CASH IN THE TREASURY.
T o ld —C o i n .................................................................................. »I2 6 ,= A 8 A 7 3 33
B a r s .................................................................................
00,294.020 73—I32S.13S.383 10
li v e r — D o l l a r , .......................................................................... 405,013,130 00
S u b s id ia r y c o m ............................................ ......................
I f , 996,0*8 26
B a r*............................................................................................ 97 " 7 1 / 9 6 6 7 - 514.879,965 83
P a p e r—U n ite d H tates n o t e s . . ......................................... 6 8 ,6 9 0 ,8 -9 (-0
1 r e a su r y n o t e * o f 1890....................................................
4,4 7 <,727 00
G o ld c e r t if i c a t e s .................................................................
1 .6 9 M 7 0 00
S H r e r c e r t if i c a t e s ................................................................
9.803,0 8 00
I Certificate** o f d e p o s i t ( A c t J u n e 8 .1 8 7 2 ) ............
1, *00,000 00
90,294,517 23
■ N a tio n a l b a n k n o t e s ..........................................................
4 ,723,423 23 I > th e r—B o n d s , I n t e r e s t a n d c o u p o n s p a id , a w a l t ■ l o g r e im b u r s e m e n t ............................................................
1 8 6 13 * 30
l d i n o r c o in a n d fr a c t io n a l c u r r e n c y ...........................
1,304.939,35
, W p o sits In n n t I b a n k d e p o s i t a r ie s —g e n ’ l a c c t ..
54,273.940 *5
» W aburslng o ff ic e r s ' b a l a n c e s ...........................................
?,192 ,09 6 8 i — 59.757.0S7 35
1897.
1898.
Another taoie. our usual monthly detailed statement o f
transactions on the various New York Exchanges, has also
been crowded off of the first page. The results for the seven
$‘390,069,963 51 months of the current year are. howsvsr, given below and
for purposes if cornDtrisou the figures for the corresponding
Aggregate...............................................
DEMAND LIABILITIES.
aid certificates........................
$37,287,149 00
IWer certificates..............................................
308.9(2,604 CO
Donates of deposit act. June 8.1872............... 23,076.000 on
re bury notes of 1890.......................................... 100.213 280 <0 $559,197,933 00
uud for redemp. o f uncuirent nat’ I bank notes
h.2'U.04j 51
ntsUndlng checks and drafts............................ 10.048,641 23
isburslng officer*’ balances................................ 62.i96.U2 78
tfency accounts, A c....... ....................................
4.978/12 90 ■ 75.727,815 45
old reserve ... ......................... $100,000,000 00
etcash balance......................... 164,841.215 06 .......................... 251,844.215 06
A g greg ate................................... ............................................... .
« cash balance In the Treasury June 80, 1898....................
9t cash balance In the Treasury July 30.1898.....................
Increase during the month...................
, $890,069,963 51
. $2f 5,«5 7,5 70 76
. 261.844,215 06
.............................
$49,186,644 30
Seven Months, 1897.
Seven Months, 1899.
Description.
Par Value
or Quantity
Actual
Value.
57.404.17.3 j 4160009UP
Stook |vaL 16,543,5
<5125
9R. bonds.. $400,144,810 $303,206,451
$0,812,030
Jov’t bonds
$3,020.1)50
$008,704
$955,300
State bonds
3»Dk stocks
$282,134
$121,250
Total ... •0.010.855535 $4.5370940*8
Average Par Value
Price. or Quantity
Actual
Value.
Average
Price.
75'2
78-9
1137
09 6
232-i
31,452.771 |2053021430 68*3
$30 10221700
$250,994,990 $193,873,317 77*4
$9/16,050 12P0
$7,045,450
$592,354 55-0
11* *77,000
$353,980 173-7
$203,810
755
*3272415850 $2.203450431 691
*561
CH 110N 1CLK
THE
tV0JL. LXYII.
-------—
The transactions of the Stock Exchange Clearing-House
from July 25, down to and including Friday, A u g. 5, also the
aggregates for January to July, inclusive, in 1S9S and 1397
are given in tabular form below.
BANK CLEARINGS AT LBAD1NG CITIES.
(ooo.ooo*
1898 1897.
omitted. )
*
$
S'ew Y o rk ... 2,977 2,831
Boston____ _
STO C K E X C H A N G E C L E A I llS Q H O U SE T [U N 'SA C T IO N 'S.
462
419
— Share.-, b>'h sulex.— . ,---------B thincas oneaidiI,-------- . Sheets Chicago........
407
361
C ie ir t i. Total Paine. Shares. Value Shares. Cash. Cleared. Philadelphia
29 )
265
XS978c. L outs___
3
5
*
109
103
January .,. 13,000.71V)
778*001,000 1. *25.500
74JK>0.000 1.088.500 5.000 Pittsburg.. .
82
8*
February. . 10,22+000
870,100 5.HS B altim ore...
60,500,0 H)
709.500,000 1,’‘93,500
75
72
March.
. ia.ui.uoo 1,270,70 i.OJ » 1.011,70) 113.3 >*,000 1.553.2 10 7.105
59
01
. H.l&J.OOO 1.029,20V.0 0 1.357,3 K> 82,2)0.00) 1.334,MOO 0, '71 8mi Fcan’ oo.
April
53
53
76.U!) .0 )0 1.134,000 5.1)10 C incinnati...
1,25 l,? H)
o n .so .o o o
Mhy ..... . 111. 60.100
Ju ne...... . 3:. 659,20) 1,737,581,000 3.5H.001 163.029,010 1.601,100 7.118 KAu«a.a Cite
42
30
J U.1J ........... . 2i.as3.ioo 1.053.000,000 2.078,300 171,600,000 1,761,600 0,44! New OrlemuH
24
24
L ouisville...
29
*28
~t mos... . 1li, 510.000 8,109,780,00) 12,230,500 731,1)24,01)0 9.334,000 44,001 Minneapolis
26
27
189SO leveU ud...
32
26
Jaout-y .,, 3 *3.000 2.051.200,000 3,311,700 225.HOO.OOO 1.305. V00 0.070 Detroit ___
29
*25
February. . 2S.113,100 2.245.10U.000 3,752,000 2/2,01)0.000 2,302,900 0,053
21
23
March.... . 33.5n-».?00 2,(502.800,cOD 3.587,00 J 210.700,000 8.502,600 7.8S1 ProrM enoe..
20
21
April...... . 2 ,211. 00 1 01)1.000,000 2.n7o,u09 1)7.80 >.000 S,,83O.H)0 0.73) Mli WiiUUew..
May....... . 80. 00,100 2,151.100,0JO 3,73 J, 100 283. -00,000 2,483.8)0 7.13 L Amalia.
25
20
Juno,.... . 82.3iio.200 2.502 400,000 4.1»2, <00 385,000,0 00 2.488.000 7,7 1 1
Si] Dili')........
16
17
July...... . . 15,73 i.OOO 1,373,500,000 2.135.0JO 151.200,00 • 1.18U.90) 6.162 Columbus,..
16
10
*t.
Paul.......
I
t
14
7tnos. . . 156,333.100 14.921,'>09,000 22.021.700 1,533,200.000 14,479.000 4 MU
H artford ....
12
12
4- Shares, both sides.—.
---------Balance, one side.--------> Sheets Deaver.........
10
Cleared. Total Value.
Shares. Value Shares. Oath. Cleared
189S.
*
$
*
Potal.........
4.8 U
Ju ly 25. . 699,000 47,500,000 106,000 6,609,000 45,000
315 Other oities.. 4,788
229
203
" 26. . 766,900 65.200,000
9-5,000 6,700,000 121,-100
321
« 27 . 1,091,000 94,200,0 >0 137,50 J 10,100,000 101,60 )
337
Total aU ... 5.017 4,809
** 23. .1,093,000 96.100,000 1 <1,300 0,600,000 108,000
3 U
•• 29. . 743,900 65,800,090
96,400 7.200,000 6 6 ,7 0 )
332 Outside N.Y. 2.040 4,975
u
Tot. w k..4,392,700 369,900,000 566,200 4 0 ,2 )0 ,0 0 0 4t5 ,7 0 0 1 ,6 3 '
W k!astyr7.905,00.) 521,300,000 976,900 53,500,000 530,400 1,721
Aug. 1 .. 970,500 7 9 .0 0 + 0 >0 127,300 9,500,000 136,101
334
“
9S.50O 7,300,000
2 .. 633,300 51,700,000
309
1
1 3 .. 908,000 71.400.000 131,000 9,200,000 45,600
33 9
70,900
<1
4..1,02 1,80 0 83,000,000 144,700 10,70o,000 8S.100
313
<•
5.-1,033,000 85,000,000 149,600 11,400,000 93,700
332
T ot. w k,. 4,625,600 374,100,000 651,100 48,100,000 434,400 1,6 36
W Klastyr7,803,700 472,400,000 1,065,500 53,900,000 611,800 1,723
The stocks cleared now are American Cotton Oil common,
American Spirits common and preferred, American Sugar
common, American Tobacco common, Atchison common
and preferred, Baltimore & Ohio, Brooklyn City Rapid Tran
sit Co. voting trust certificates, Central of N. J., Cnesapeake
& Ohio, Chicago Burlington & Quincy, C. C. 0 . & St. Louis,
Chicago Great W estern
common, Chicago Milwaukee
& St, Paul common, Chicago & N orth Western com
mon, Chicago Rock Island & Pacific, Chicago St. Paul Min
neapolis & Omaha common, Cleveland Lorain & Wheeling
common, Consolidated Gas, Delaware & Hudson, Delaware
Lackawanna & Western, Erie, General Electric, Lake Shore
& Michigan Southern, Louisville & Nashville, Manhattan,
Metropolitan Street K y ., Missouri Kansas & Texas preferred,
Missouri Pacific, National Lead common, New York Central,
N ew York Ontario & Western, N ew Y ork Susquehanna &
W estern preferred, Northern Pacific common and preferred,
Pacific Mail, Peoples Gas, Reading common and first and
second preferred, Southern Railway preferred, Tennsssee
Coal & Iron. Texas & Pacific, Union Pacific common and
preferred, United States L3ather preferred, W abash pre
ferred and Western Union.
The volume of transactions in share properties ou the N ew
Y ork Stock Exchange each month since January 1 in 1893 and
1897 is indicated in the following :
T H E S A L E S O F ST O C K S A T N E W V O E K S U C K
1898.
1897
Values.
Month. Number
of Shares
Actual.
Par.
EXCHANGE.
Number
of Shares.
Values.
Par.
Acta u
?
t
S
Jan .. 9,290,391 912.554,075 641,911,009 3,335,412 323.774.750
Feb .. 8.950,824 873.528,400 050,208.221 2,803,401 266,43).100
March. 10,080,9-6 984,492,750 788,778,585 6,039,916 485.428.750
$
208,567,472
171,601,054
325.254 60S
latqr ■28,828,203 2,770.675,825 2,080,897,815 11,208,729 1,075,033,000
706,44 5,631
April... 5,979,445
May-.. 9,191,63-1
June... 9,173.051
560.527,150 443.292,236 3,500,007 335,716,350 229,076.327
871,436,460 639,71.1*883 S,313.035 324,13 i,850 227.037,3 i9
873.680,160 035,446,535 0,430,026 017,015,100 432,5)2,258
2d qr. 24,314,183 2,311,019,750*1,718,149,654 18,347,908 1,277,407,300
838,016,414
6 nio.1.. 52,672,388 6.082.225,676.3, W5.347.409 24,550.097 2,353.100,900 1,594, 63,045
July.... 4.3PJ* E 161,319,550
300,001.640 0.890,074
053,123.800
463.958.385
The following compilation covers the clearings by months
since January 1.
M O N T H L Y C L E A B IN O S .
Month.
Clearings, ljljtl All.
1898.
1897.
Clearings outside New Yo
P.Ct.
1898
t
*
*
January. .. 0.012,091.46,< 4.499.118.000 f 33 C 2.S21.S0S.73B
5,552,352.49) 3.084,529.935 +50-7 2,030,0)4,78
VeSruary
Marc)] .. -. 6,040,749,795 4.211,070,471 +34 0 2.222,030,352
1st qoar.. 17,205,093,749 12,396.043,472 +348 0,580,539.872
1897.
P.Ol.
1
1,910,100,73) •pars
1,039,399.756 f2F2
1,823,958.927 -921*9
5,373.459,417 4-22-5
4,972,346,528 4.103.125,495 (-21-1 2.103,431,502 1,850,358.730 -4188
5,330.410,921 4,16‘ ,811.572 +28 4 2.191,005.213 1,852,734.200 -H6*»
6.499,335.195 4,17 >.236,652 +210 2.233,533,405 1,900,739,844 +17*6
*4 quar... 15,80J,10.3,0 U 12,746.303,019 h24 0 6,527,970,170 5,009,832,810 4-1II-4
fl months. 33,013.202,393 25,141,352,091 + 3 f3 13.10+504.012 10, #83,292,203 +19*3
April.........
May..........
June..........
J a l y ..............
fi.OWS 15.499 4.908.574.906 4-4*3 2.039.810,281 1,974,650,072 +3*3
The course of bank clearings at leading cities of the conn
try for the month of July and since January 1 in each of
the last four years is shown in the subjoined statement.
1396. 1895.' 1898”. “ l8 9 7 ” 1896. 1895.
I?
*
3!
$
.4!
8?
2,480 2.527 22 882 16.992 16.880 16.715
397
-118 3,029 2,s7d 2,619 2,709
375
403 3.111 2,3-12 2,617 2,640
271
305 2,095 1,759 1,907 1,989
92
103
822
7 i8
724
69
70
567
-167
419
459
65
64
533
432
402
428
59
55
384
457
336
387
53
59
331
361
387
356
41
37
322
293
287
290
29
29
256
225
256
266
22
26
204
184
187
170
30
28
232
180
171
199
29
28
210
176
181
161
2+
30
196
163
170
179
22
24
150
154
152
>56
21
21
151
132
137
138
It
19
170
i 28
131
103
20
21
121
113
123
130
15
15
120
106
106
103
22
21
111
91
133
120
12
12
75
74
69
75
9
11
80
85
73
75
4,169
208
4.3 57 36.286 23.510 28.5 78 24.504
208 1,814 1,440 1,531 1,413
•4,377 4.563 38,030 29,950 30.112 29,917
1,897 2,033 15.148 13.053 13,232 13,202
BX ouetavy s(£o ntmcvcial guglisTilletivs
[F rom ou r ow n corresp on d en t.]
L o n d o n , Saturday, July 23, 1898.
The confident hope, almost amounting to a fixed belief
t hat the fall of Santiago was not only the beginning of the
end, but that it meant almost an immediate termination o f
your war with Spain, which prevailed here at the end of last
week, waned somewhat at times this week. The result has
been naturally to check the buoyant spirits of the Stock E x
change, which looked for an early boom on the termination
of hostilities. It is ge nerally believed in London as well as
in the other great capitals of Europe that the Queen Regent
of Spain and the Spanish Ministers, and indeed all those
responsible for the administration of affairs in Spain, rea'ize
as fu lly as their advisers the utter hopelessness of carrying
on the struggle against a country so much wealthier, more
populous, and possessing such infinitely greater resources as
the United States.
It is already notorious at every financial centre in Europe
that the Spanish Government is utterly bankrupt, and being
unable to raise loans in any direction it is rapidly driving, if
it has not already driven, the Bank of Spain into bankruptcy
That institution, relying for its credit not upon the sound
state of its finances, bnt merely upon a law promulgated
by the Spanish Government, I need not add that notes o f
the Bank of Spain are at a ruinous discount, and that the
peseta for purposes of foreign exchange is worth only about
a quarter of its nominal value. For purposes of their own
the Carlists in the north and the Republicans in the South
are threatening the Spanish Government with destruction
unless it maintains the integrity of the Spanish colonial em
pire, in spite of the fact that yonr navy has driven two
Spanish fitets to the bottom of the ocean, that your troops
already occupy nearly half of Cuba, that United States ships
dominate the other half, and that your Government has
despatched a naval and military expedition to Porto Rico,
and is about ready to send a fleet to Spain itself. Both in the
interest of humanity and for the good of the Spanish people
themselves, a vigorous policy on the part of yonr Govern
ment, which if necessary would menace the ports o f Spain,
would be the best in the long run, as that at any rate mast
convince even the malcontents that it is impossible for Spain
to continue the war much longer.
The Dreyfus case remains the subject of special interest in
France. M. Zola was this week condemned to a heavy fine
and a term of imprisonment. The sentence, however, was
not put into execution, and it was generally thought that an
appeal to the Court of Cassation would be lodged.
.M. Zola’s
legal advisers, howerer, decidsd upon a different course, aud
it is now announced tin t the famous novelist has left Paris
for S vitzsfland.
It is se ni offijially n n o u tc >l this week i’r >m Borlia that
the G tr m ia Government inten is to ask the Imperial Reich
stag for a farther increase to the already immense army of
the Gorman Empire. Cue of the most serious difficulties
which the great Powers on the Continent have to face at the
present moment, and one of the causes of the discontent re
ported from time to time from the great centres of industry
THE CHRONICLE.
A ugust 6, 1888,,
upon the Continent, is the heavy taxation under which the
different countries groan, owing to the necessity of keeping
up the bloated armaments which have come into fashion
since the Franco German war of 1870. This increase, if it
is authorized by the German Parliament, as it probably will
be, will further increase the heavy taxation which is already,
as I have said, so grievous a burden to the German popula
tion. In addition, it will almost certainly be followed by an
Increase in the standing armies of both France and Russia,
and how long this insane practice of expanding the size of
their military establishments by one government after ananother can go on remains to be seen
No empire, however
rich, can stand for any prolonged period an indefinite expan
sion of its military establishments. Besides making the tax
ation almost unbearable, it removes from the ranks of the
industrial population the very people who are best fitted to
pay the taxes.
I need hardly add that the renewal of apprehension regard
ing the probable duration of your war with Spain has had
the effect of completely checking the upward movement of
American securities upon the Stock Exchange. Business in
every department, I may say roughly, has been reduced to
the very smallest dimensions. In t he great investment mar
kets prices are so extravagantly high that buyers see very
little to “ go for,” and, after the market for American rail
way securities, our greatest speculative section here in Lon
don is the South African mining section. Business in that
market is also depressed. A big election contest is now im
pending in Cape Colony, and many well-informed people
confidently predict that the result of the Cape elections will
be to bring Mr. Cecil Rhodes once more to power, and if that
proves to be the case it is doubted whether South Africa, big
as it is, will prove roomy enough for President Kruger and
Mr. Cecil Rhodes. The “ Colossus,” by latest advices, is
credited with the intention to remain in the background a
while longer.
"With the announcement of the dull season the Indian
m ney markets have become quite easy and rates for money
have become light. The official figures of the two great Pres
idency banks, viz., the Bank of Bengal and the Bank of
Bombay, have been reduced this week to 5 per cent, and the
cash balances of both these institutions show further gains
during the week. In addition rates in the interior, which a
few months ago ranged from anything between 20 and 40 per
cent and in some remote districts even higher, are now only
2 or 3 percent above the official rate at Calcutta.
The India Council again this week was remarkably suc
cessful in the disposal of its drafts. It announced for the
present a further redaction in the amount offered each week
for tender to 25 lacs of rupees, which is the same amount as it
offered all through Jaly last year. Applications this week
were received for 235 lacs, and the prices obtained ranged
from Is. 3 29-32d. per rupee to Is. 3 15-I6d., and special allot
ments were afterwards made at Is. 8 31-32d.
The total sales
for the year have already realized £6,200,000, as against a
trifle over 3 millions at the corresponding date last year,
showing how rapidly India has recovered from the series of
crises through which she had to pass during 1897.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
&o., compared with the last three years:
l» 8
18S7.
18»S
1896
J u ly 20.
J u ly 21.
J uly 22.
July 2i
257
The Bank rate of discount and open market rates at the
chief Continental cities have been as follows:
July 22.
Rate* of
Interest at
Paris...............
Berlin............
Hamburg . . . .
Prankfort ....
Amsterdam ...
Brusiela........
Vienna.........
St, Petersburg.
Madrid............
Copenhagen...
Bank
Rate
2
4
4
4
3
3
4
6*
5
4
2
£
£
JK
July 8.
IK
SH
SH
SH
2K
SH
3K
IK
6
SX
4
4
4
2
3
4
SX
6
4
SH
SH
SH
S%
SH
SX
iH
5
SX
July 1.
Bank Open Bank
Rate. Market Rate.
2
2
IK
4
4
SX
4
4
SX
4
4
s%
3
3
2X
3
3
SH
4
4
SH
6
SX
SX
5
6
6
4%
4X
*H
Open
Market
m
SH
SH
SX
SH
SH
4
5
5
4X
Che quotations for bullion are reported as follow s:
Go ld .
Gomlon Standard.
July
21.
Jar gold, fine ___oz.
3ar gold.parttng.oz.
J .S . gold o o ln ...o z .
Jerm'n gold coin.oz.
P e n c il gold coin.oz.
Japanese yen— oz.
8.
d.
77 lO t,
7710K
76 5 X
76 5
76 5
76 5%
July
14.
8.
77
77
76
76
76
76
1
SILVER.
London Standard.
d.
10i i Bar silver, fin e...oz.
10% Bar silver, contain’g
5%
do 5 grs. gold.oz.
5
do 4 grs. gold.oz.
5
do 3 grs. g old.oz.
6*2 Cake silver
M exican dollars.oz.
July
21.
July
14.
d.
d.
27»ia 27X
28*9 2713,g
27 78 279 g
2711,6 2738
29llvfl 2938
267,6 26%
Messrs. Pixley & A b ell write as follows under date o
July 21 :
Gold.—The Bank has received £117,000 from South A m erica, an d
£264,000 has been withdrawn,* chiefly in German gold coin. The de
mand fo r Russia continues firm, and a large am ount has been bought
by the Indian Bazaar. Shipments to India, £20,000. Arrivals: Chili
£9,000; South A frica ; £ 1 98,0 00; Brazil, £142,000; India, £54,000
Australia, £152,000. T otal, £555,000.
Silver.—The m arket is firm on covering purchases against July
sales, and ow ing to the recent large buying o f Spain, it is difficult to
obtain m ore silver from New Y ork for near delivery. India Bazaar
price 70 Rs. Shipments to Bom bay, £70,000. A rrivals: Chili, £38,000; New York. £30,000.
M exican D ollars.—A large business has taken place in these coin,
partly on account o f im proved Eastern Exchange, and also fo r m eltthem In London into bar silver. Shipments; Penang, £4,800; H ong
kong, £17,000.
The following shows the imports of oereal produce into
the United Kingdom during the first forty-six weeks of
the season compared with previous seasons :
IM P O R T S.
1897-8.
Imports ofw h eat.cw t.57,100,010
Barley*....................... .18,757,404
Oats................................13,274.490
Peas................. - ........... 2.117,885
Beans........................... 2.214,550
Indian corn ..................47,710.600
Flour..............
.18,166,170
1894-5.
1896-7.
1895-6.
59.748.650 60,916,610 66,946,176
19,790.250 20,123,142 22,802,634
15,859,980 12.404.280 13,466,297
2,054,369
2,962,035
2,287,380
3,893,832
2,484,290
2,925,476
57.730,640 38.002.770 22,832,564
18,005,030 17,679,500 17,390,570
Supplies available for consumption (exclusive o f stocks on
•September 1):
L897-8.
Wheat im ported, ow t.57.100,010
Imports o f flour....... .18,166,170
Sales o f hom e-grown. 12,813,073
1894-5
1896-7.
1895-6
59.718.650 60,916,610 66,946,176
17,390,570
18,005.080 17,679,500
22.785.308 13,858,156 19,413,230
T ota l................ ...8 8 ,1 0 9 ,2 5 3 100,539,038
1896-7.
1897-3.
29s. 2d.
iver. prioewheat.wi ak.37s. Id.
28s. 8d.
Average price, seas jn..36s. 51.
92,454,266 103,749,976
1894-5.
1395-6.
25a 03,
24s. 2d.
20s. li d .
23s. Id .
The following shows the quantities of wheat
naize afloat to the United Kingdom :
Wheat................ qrs.
Flour,equal to qrs.
Maize....... ....q r s .
Thist week.
2,275,000
265,000
020,000
Laat week..
2,440,000
305,000
610,000
1897.
650,000
230,000
710,000
flour and
1890.
1,527,000
228,0C0
670,000
F in a n c ia l H iir k e tw -P e r C a b le.
The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending Aug. 5 :
L ondon
Silver, p e r o o n je . . . d.
Jonsola., new , 2% p.ots.
For a c o o u n t...............
Circulation........... ..................... 27.S8S.715 27,921,153
27.291.010 28.314,885 Pr’oh rentes (1n Paris) f r.
6,808,015 it c h . Top. & Santa Fe.
Public deposits .............................
7.181,132
7.915.413
7.880,811
Do
do
pref.
Other d e p o sits............................ 17.2S7.I.W 12,803.837
55.711,141
41,593.90 8
14,191,370 JAcadian P acific..........
Government securities. ............ 13,791,830
13.7S8.8S7
11 9.80,281
Chesapeake
&
Ohio.......
23.420,235
Other securities ........................... S3.917.IW7 21,237,501
28.872,117
Mil. & S t. P au l...
ZS,5t8,*S7 Chic.,
Reserve o f notes and coin........ 25,170,133 25,721.381
37,755.433
Oeav. <fe R io Or., p re f..
37.961,372 Jlrte, oom raon ...............
Coin * bullion, both departm’ts 38.241553 38.812.319
13,350,413
59
1st p referred .............
Prop, reserve to liabilities .p.ct.
15v<
50 9-10
69 7 18
[Illinois Central....... ..
2
Bank r a t e .....................percent.
KX
2
2
uake
S h ore....................
Consols, 2K per c e n t... .............
1117-18
1 1 2 13-18
113 7-18
108 15-18
(jonlsvlUe «fc N ashville,
3) 5-18d.
3 liver........... .................................. 27 7-188.
27 7-18d.
81X<1.
tferioan Central, 4s ..
Clearing-House returns............ 172,513.000 155,001.000 112.721,000 125,359,000
Mo Kan. <Sc T ex., com ..
!T. Y. Cent’l & Hudson,
The rates for money have been as follows :
y. Y. Ontario <fc West’n
Norfolk & West’ n, pref.
V
Interest allowed Northern Paclflo, com ..
Open Market Rates.
for deposit* hv
P referred....................
London -K
Trade Bill*. joint Dte’t ITst Pennsylvania................
Bank Bill*.
Pliila.
& Read., per sh.
7-14
At
Stock
& Read., 1st pref.
* 8 Months. 4 Month» 0 Month*. 3 Mo*. 4 Mo*. Banks Call. Days PhD.
PhU. A Read., 2d pref.
1
June 24 8
IX
1 6 -1 0
IX
Soath’ n R ailway, com .
IK
IX
1%
IK
1
Preferred................... .
July 1 SH 1 6 -1 0 ^ 1
1
IX
I X O 'X
ix a x
IX
Union
Paclflo................
K
"
8 SH
1
2
X
IX
m
m
IX
Do
new p ref..
'* 15 2%
K
8*10
1
2 %
2% IX
IH
IK
IX
Wabash, preferred
M 22 ‘ H
l
K
m
%
1 9 * 0 1*«
IX
SH
ii
July 16.
Open Bank Open
Market Rate. Marke
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
273,g
27%
27%
271,8 27%
2 7 l,p
1 1 0 1 % 110%
1101516 111
11011,6
1111,6
l l l i i e llH n 0 3 #22% 103 45 103*50 103-55 03-60 03-: 7 %
14
13 7g
13%
I3 7g
36
■
3o%
36
35%
•
85%
86%
86 X
86%
•
23%
23%
23%
23%
1033s 10J% 1043s 1043s
•
51%
52
5 IK
51K
13%
14
13%
13%
36%
•
36%
36%
36%
110%
110 %
110% 110%
•
196% 196%
196
56
55 %
P*
55%
55%
65%
65 X
65%
65%
4
P
11%
n%
11%
11%
Q
122% 122%
121% 122
h)
15%
15%
15%
O
56%
56%
55%
a
31%
31
31
30%
74%
74 K
74
74 X
60%
60%
t0 %
60%
9%
9^
9%
9H
21%
2
1%
21%
21%
10%
1034
1078
10%
9
9
9
8%
33
32%
32 K
32%
25%
25
24%
24%
64%
64%
64%
633a
20%
20%
20%
I9 78
THE CHRONICLE.
258
® oturnercial ancll^tisccllcUtcoireI)Lcxus
GOVERNMENT REVENUE AND EXPENDITURES.— Through the
courtesy of the Secretary o f the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and disbursements for the month of July. From
previous returns we obtain the figures for previous months
and in that manner complete the statement for the seven
months of the calendar years 1898 and 1897.
R E C E IP T 3 A N D D IS B U R S E M E N T S (000 omitted.)
s*
>3W>*
3 3 a © -i
©•cr S t «
3 = ■0-3 *
is. •-►-M
*:r COX—
OCj*
8
? f | § ? ?=1
nr
o
?!?3
5
9S
3!
25* ^5
= £ ^ 2
“ 3
|3
S'
5 C5K
o o■* oo
-3-3
oeo
to* c&
V-3
CTA. C
td
J
O O -3
C'rO
tOCO**•*t--3tC
I 04© tO®O
^OOCTCTtOO
O®
003*101©
C
0G0r0-3^-3t
«tc
0 <=«•CTfcCWO' -J CO»-* —
A C"XCTO
-i »-» to —
©?o o to
00sa to-3
_P _©iOCT
te ca
as
-3
te© 0-3
t-*CT CO*-
0 - 3 jot
©COCT00-3
ocooooo
-3 t O -3 * .» ^ ©
CTOCT*-©©
CC© frCT-3CO
O® *. OtoI-J
X r ——
© #- K>OCO
© b -30-3 0
© Cl© toCO-3
OlX'00"vIX
C
T©
OC
T-3
-1O
o
<
X
CT-3
—
OCD
OAA.M
cjTx *«m
t»'O'X'
©© ©
xo
cjbm
ooct
CTocaa
0 0 -3
CTtO Cop to
© -3 to ® X to
h
1C -3 -3 to O
© toto
© tO -3
T otal silv er....... .
-3 01 Cl
O« ©
tOH
-3 -3 0
PPP
b i-*t—
to-3
0
too®
toCD-3
O'-3©
is
b fOH
CT © ©
CT—
3p
}
* Deducted—from January, “ Miscellaneous” 1898.......
Received from Union Pacific Railroad purchase 1897-98...... s
Deducted from March "Miscellaneous” 1898....... ................. j
Ry,
1898.................. f
Received from “Kansas3 Pacific
1
. purchase
.
Deducted from April“ Miscellaneous” 1898.
Received from Kansas Pacific Ry. purchase, 1898..
«« K«<, in i ok
^o>ooo,* vj. iw
oo nr.-, *:nn
§3,6ol,500
$2,651,500
To make the 1898 figures conform to the Government
statement, the amounts mentioned in above foot-note should
be added. W e have deducted those items as the purchase
money is not revenue, and if included would disturb the
comparison with former and future years.
T r e a s u r y C u r r e n c y H o l d i n g s .— The following compila
tion, based on official Government statements indicates the
currency holdings of the Treasury on January 1 and August 1
in 1898 and 1897.
TREASURY NET HOLDINGS.
HnMino* in Sub-Treasuries—
fiet nold coin aud bullion.......
Ketsilver coin and bullion......
Ket U. S. Treasury notes..........
Netlegal-tender notes.............
Met national batik notes..........
Net fractional silver..................
Jan. l. ’97. Au:. 1, ’97. Jan. 1, ’98. Aug. 1, ’98.
Z
!
*
?
137.318,5*3 140,817,699 160,911.547 189,414,714
13,927,739 33,694,550 13,667,913 13,552,136
35,845,059 32,350,823
2,90-1,344
4,477,727
34,933,253 31,956.004 40,836,099 46,621,829
14.278.970
5,058.731
5,180,880
4,723,423
11,215,788 16.286,660 10,679,809 11,995,083
Total cash In Sub-Treasfs not .255,367.335 260.694,167 234,135,678 270,814,942
Amonnt in national banks....... 16,159,153 17.215,101 49,183,717 58,230,023
C ash in banks & sub-treas.* 271,520,488 277,909,253 283,818,395 329,080.900
D educt other liabilities,♦net. 43,208,108 44,392,801 47,833.626 74,236,745
A ct a nl cash balance.......
4,838,9c 0
1,015,000
1,380,243 27.601,960
830,124 8,301,240
1,134,159 5,672,295
T a lu e .
105
262
686,890
5,853,900
310.000
683,668
980.000
1,310,000
310.000
341,834
245.000
131.000
6,488 400
2,250,068
3,780,99.;
5,620,400
6,488.400
1,125,034
945,248
562,040
3,283,068
1J>27,834
18,139,860
9,120,722
200.000
10,000
49,010
6,930,289
29,375,659
346,514
293,757
59,010
36,305 948
610,271
Total g old .
ppp
Voo<»
»-ODCt
©■CO®
483,8?0
203,000
D ollars................
Half d ollars.......
Quarter dollars.
Dimes..................
HO©
totop
Pieces.
g
ppp
hV^<®
to® 00
CO-3G
O
OOP or
Value.
$
Double eagles..........
E »g les......... .............
Half eagles..............
Three dollars..........
darter eagles.........
ollars......................
0 0 35
p CD CT
C 5 -5 -* -©
®' to
*o0 1co0to
O
H—
M
tO
Pieces.
ppp
WCBH®
OCT CI
Seven Months 1898.
J u ly .
“ WO
M© C
O
© O WOH o
Aug. 1.
*
$
tnsolv'utbka,
1,290.678
1,197,903
Llquid'g bus.
6,010,101
6,192,258
Red’e’ giind.*
aot of 1874. 25 459,776 24,593,173 24,180,131 23,263,196 23,614,024
Denom inations.
b^CT-CD
to©Cl
Cl ©f*
CT *E- 06 >-*<£>CT
ct_o
© © -3at
©CT 3 A
—>-*
jCtop
b"—*to«>
x —©
©oo
p tOCT
0?“©©<®
»O it.
go©-*
tc»*-CO
^
July 1.
<£>
1,252,838
6,222,576
$
1,314,600
5,933,631
Coinage by U nited States M ints.—The following state
ment, kindly furnished ns by the Director of the Mint, shows
the coinage at the mints of the United States daring the month
of July and in the seven months of 1898.
SB
—0-50
Ihtoo
•- O
r
00100-3 0
0 0-30-30
CD-3©CTCC©
Cl0 0-30 CT
70« CTCT©
celo-ato^o
CTO- —-300
June la
M ay 1.
$
1,352,769
5,974,871
* A ot o f June 20, 1874, and July 1 2 ,1 8 8 2 .
5o
-3CTo-aoito
O 00O
©—
CTbOCCCTO-3
3000 » « ©
”®”tc®~©~—
CT0 0-3 row
at SC-3CTo o
Deposits by— A pril 1.
T o t a l..,.. 32,786.419 31,991,404 31,456,910 30,738,610 31,004.185
ST2.1 ®
5»
5®
aoc» oct
OS'J 0-3
ctto © ~
According to the above the amonnt of legal tenders on de
posit August 1 with the Treasurer of the United States to re
deem national bank notes was $31,004,185. The portion of
this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by bank re
ducing or retiring their circulation, was as follows on the
first of each of the last five months.
O 2 c*«
i| 6 =813
-g 3 5 “ - ”
S| g IS
§1
H
3R
fVoL, l x v i i .
E ire cent, n ick el___
la e cent b r o n z e ....
4,001,000
Total m i n o r .......
5,101,000
T otal coinage —
9,071,558
3,344,936 41,578,757
6,940,744 67,700,744 51,339,750
B o n d s H e l d b y N a t i o n a l B a n k s .— The following interest
ing statement furnished by the Comptroller of the Currency
shows the amonnt of each class of bonds held against national
bank circulation and to secure public moneys in national
bank depositories on July 30 :
V.
Description o f B ondi.
8.
Bonds Held J uly 30, 1808, to Secure—
Public Deposits
in B anks.
4 per ots., fu nded 1907..
4 p . ots., 1895, due 1925
2 p er c ts „ fu nded 1891*.
$361,000
6.715.000
20,304,000
9.358.000
1,534,500
Total............................
$38,272,500
Ourrenoy 6s, Pao. S R ...
6 p. ots., 1894, due 1904
B ank
Circulation.
$3,665,000
17.906.150
147,304,100
27.546.150
22,104,250
Total B eid.
$4,026,000
24.621.150
167,608,100
36.904.150
23,638,750
$218,525,6 i0 $256,798,150
* Redeem able a t option o f the United States.
N ational B a n k s .— The following information regarding
national banks is from the Treasury Department.
CORPORATE EXISTENCE OF NATIONAL BANK EXTENDED.
2392—The Jefferson County N ational B ank o f B rookyille, P eun syl vania, un til July 2 7 ,1 9 1 8 .
NATIONAL BANKS ORGANIZED.
5,180—The First National Bank of Ford City, Pennsylvania. C apital,
$50,000. W illiam G. Heiner, President! W illiam H. Schaefer,
Cashier.
5,131—The National Bank o f Unton City, Pennsylvania. Capital,
.$50,000. W illiam W arden, President; ,T. i f . Dunbar, Cashier.
228,320,380 238,010,457 235,474,700 264,844,215
IN LIQUIDATION.
* “ Chleflr disbursing officers’ balances.”
4,515—The W eldon National Bank ol’ Ladonia, T exas, has gone into
volun tary liquidation by resolution o f its stockholders dated
C h a n g e s in L e g a l T e n d e r s a n d N a t io n a l B a n k n o t e s t o
.Tune 13,1 3H8, to take effect June 15 ,189 8.
A u g u s t 1. — T h e Comptroller of the Currency has furnished us 4,353—The First National Bank o f H olstein, Iowa, has gone into v ol
untary liquidation by resolution o f Its stockholders dated
the following, showing the amounts of national bank notea
M ay 12,1818, to take effect Ju ly 1, 1898.
July 1, together with the amounts outstanding August 1, and
the increase or decrease during the month ; also the changes
in legal tenders held for the redemption of bank notes up to
August 1.
XallorMt B ank .Votes—
A m onnt ontetandlng July 1 ,1 8 9 8 .
Amount issued during July.............
*3^7.802
A m onnt retired dnrlug Ju ly.......... .
1,487,894
A m ount outstanding Aug. 1 ,1 8 9 8 * .
$227,816,702
$226,696,870
$30,733,610
$1,840,574
1,574,999
FOREIGN IMPORTS AT NSW YORK,
1,119,832
L e g a l Tender N otes—
A m ount on deposit to redeem national bank
notes J u ly 1 ,1 8 9 8 ................... .
A m ount deposited during J u ly ...............
Amt, reissued and bank notes rottred in J nly
I mports and E xports for the W e e k ,— The following are
the imports at New Y ork for the week ending for dry „oods
July 28 and for the week ending for general merekandis e
July 29 also totals si me the beginning of the first week
in January.
,
265,575
Am ount on d eposit to redeem national
bank notes Attg. X, 18 98------ --------8 3 1 ,0 0 4 ,1 8 5
•Circulation o f N ational Gold Banks, not included in above, $83,L95i
F or week.
1898.
1897.
1886.
1895.
Dry g o o d s .___
(Jen’l m er’ dlae
$1,818,501
5,898,199
T o t a l.........
Since Jan. 1.
Dry g ood s.......
B eu’l m er’dlse
$7,716,703
7,184,000
$8,595,661
$9,216,834
$55,119,004
199,149,894
$89,535,558
232,107,356
$68,591,159
201,781,642
$85,919,104
214,002,788
$2,525,538
4,658,462
$2,380,655
6,215,006
$3,150,726
6,096,109
I o ta ! 30 weeks $254,268,898 $821,642,914 $273,375,801 $299,921,952
THE CHRONICLE.
A ugust 6, ld98,J
Tneimports of dry goods for one week lat&r w ill be found
ia our report of the dry goods trade.
The following is a statement of the exports (exclusive of
■pecie) from the port of New Y ork to foreign ports for the
week ending Aug. 1 and from January 1 to date:
259,
Reports o f Non-Member B anks.— The following is the
statement of condition of the non member banks for the
week ending July 30, based on averages of the daily results
We omit two ciphers (0 0 ) in all cases.
Dew til with
Loans &
Leg 1.
N et
Invest Specie. &B’k Olear’g Other
De
ments.
Notes. Agent. Bks.&c posits,
EX PO RTS FROM N E W Y O R K F O R TH E W E E K .
1898.
1897.
1896.
Capi
tal.
BANKS.
(00s omitted.)
1895.
New York City .
A.stor Place......... .
Colonial................
Columbia............. .
Eleventh Ward...
Total 30 weeks $237,651,061 $236,004,936 $221,351,414 S195.540.549 Fourteenth Street
Franklin National.
Tiie following table shows the exports and imports of Ganaevoort......
Hamilton----specie at the port of N ew York for the week ending July 30 Hide A Leath. Nat.
Home................
a ad since January 1, 1898, and for the corresponding periods Hudson
River..
Mount M orns.......
in 1897 and 1896.
Mutual..................
Nineteenth Ward.
B X P O B T 8 AfTD IM P O S T S O P S P E C IE A T N E W T O E S .
Plaza....... - ......
Riverside...........
Im ports.
Exports.
State...............
Gold.
Twelfth Ward..
Week.
Week.
\Since Jan.
Since Jah.\% Twenty-third W ’d.
Union Square........
$200
$33,015,754 Yorkville...............
Great B ritain..........
8,000
12,746,764 Astor Nat’l Bank..
Brooklyn.
G erm a n y .................
19,793,289 Bedford.................
2,554,894 Broadway..............
W est I n d ie s ............
14,000
*1,259
4,532,748
60,349 Brooklyn...........
............ 1
100.857
110
298,663 Eighth W ard...
Soaoh A m erica.......
______
-20.292
487
531,494 Fifth A venue...
AJ1 other countries.
Fu ton ..............
$1,856 *69,001,707 Kings County...
Total 1898........
*14,000 *4,662,097
Manufacture’
Nat’l
68,662
Total 1897........
2,095,126
3,711,785 28,871,007
121,737 1-.914.256 Mechanics.............
Total 1896........
117,000 50.890,792
Mech’s’ <fc Tradr’s’
Nassau National..
Im ports.
Exports.
National City........
Silver.
North Side............
Since
J
an.
Week.
Since Jan. 1, People’s.................
Week.
Queens Co. (L.I.C.)
$24,499,764
$12,092 Schermerhorn..
Great Britain.......... *1,208,198
631.500
23,932 Seventeenth Ward
G erm a n y .................
2,610
3.260 Sprague National.
310,599
$413
252,206 Twenty-sixth W’d.
W est Indies..............
14,159
665,405 Union................
178,766
Booth A m erica.......
432.340 Wallabout.........
............
4,905
3,600
37,874
A ll other countries
Other Cities.
1st Nat., Jer. City.
*4,013 $1,427,109 H ad. Co. Nat. J. C.
Total 1898......... $1,208,193 $25,642,305
1,005,724 27,393,90 1
55,599
1,636,415 2d Nat., Jer. City
T otal 1 8 97.........
T otal 18 96.........
1,191.850 30,095,298
25.601
1,549.4 53 3d N a t, Jer. City..
1st Nat., Hoboken.
O f the above imports for the week in 1893 §200 were 2d Nat., Hoboken.
Bank of Staten Isl.
American gold coin. O f the exports during the same time 1st Nat.,Staten Isl.
F or the week..
P rev. reported
$3,058,305
279,592,756
$7,926,790
228,078,146
$7,331,926
213,969,488
$6,569,96$
183,970,581
,400 were American gold coin.
Totals July IS .
New York City C learing House B anks.—Statement of con
dition for the week ending July 30, based on averages of
daily results. We omit two ciphers (0 0 ) in all cases.
B
an ks.
L cja is. IDeposits
Bank of N ew York..
Manhattan Co............
Merchants’ ................
Mechanics’ . . .
America ........
Phenlx
C it y .............................
Tradesmen’ s .............
C hem ical....................
Merchants’ E xch’ ge
G a lla tin ......................
Butcher*’ <ft Drov’ rs'
Mechanics’ ^ Trad’ s1
Greenwich..................
Leather Manolac rs
We Tenth. ..................
B u te of N ew York..
American Exchange
Com m erce. . . .
Broad w ar....................1
M ercantile........ . . . . .
Pactflo..........................
R -pnbllc....................
Chatham......................[
People’ s . . . . . . . . # . . . . . !
North Am erica—
H an ov er................
Irving
Citizens’
Nassau
Market A F u lto n ...
Shoe A Leather........
Corn Exchange........
Continental.................
Oriental ................... .
Importers’ A Trad’ rs
Park ............................
East River ................
F ourth..........................
Central ............ ............
Second
N in th .
First
N . V. N a n E xoh'ge.
Bowery..........................
New York C o u n ty ..
German A m erican..
Chase.............................
Fifth A v e n u e ...........
German E xch an ge..
Germ ania..............
Lincoln ........................
Garfield.........................I
Fifth............................... I
Bank of the MetropJ
W est Bide
Seaboard.
Sixth
W e ste rn .................... I
First N at. B’ k ly n ...
Nat. Union B a n k ...
L ib e rty ............. ..........
IT. V. Prod. E xch’ge.
Bk.of N . Amsterdam
Total ........................ 59.032.7,76,281.9 036,766,7 16650511 60,819,4 741,680,1
Sur
plus.
$
250.0 369,5
100.0
54,8
300.0 186,6
100.0 117,4
100,0
50,9
200,0
9,3
200,0 28,1
200,0
75,7
500.0 150,1
100.0 84,9
200,0 183,2
250.0 8 8 ,6
200.0 102,7
100.0 24.6
100,0 107.2
100,0 96,7
100,0 78,1
200,0 149,1
100,0
40,0
200,0 287,6
100,0 126.1
300.0
2 ,1
$
2,379,2
719,4
1.77L.O
1,165,3
6*8,9
381,0
653,5
1,192,1
2,055 3
431.5
1,184,0
1,304,0
831,1
564,3
898,3
076.8
1,359,0
1,153,1
692,4
1,830,8
1 ,000 .0
1,345,8
150.0 115,3
100.0 108,9
300.0 10 0 ,2
100.0
30.1
100.0
53,3
200,0 171,5
150.0 61,6
252.0 411,2
500.0 397,8
100.0 189,1
300.0 571,9
300.0 554,9
100.0 109,8
100,0 105,4
100,0 122,3
100,0 58,2
100,0 03.8
200,0 214,2
10 0 ,0
52,1
100,0 45,8
100,0 28,2
1,006.6
1,209,0
1,225,3
292,1
5 20,4
805,4
601,1
2,043,4
2,333,7
854,0
3,933,0
2,231,0
491,2
650,0
1,721.0
470.1
408,3
1,009,9
308,6
291,4
473,3
$
$
$
$
$
191,1 38,4 220.9 155,0 2.537.3
19,0 54,2 136,6
809.2
104,0 93,0 152,0 227,0 1.987.0
65,6 81,3 432,4
1.624.3
26,7 8 6 ,8 156,0
873.0
84,0
6 ,0
72,0
430.0
32,9 46,2 15,7 23,5
518.3
55,7 75,0 51,9
1.186.1
287,7 119,7 215,1
1.692.3
90,5 46.5 126,1 25,5
596.2
27,0 67,0 82.0
1.058.0
60.8 9u,7 70,0 131,2 1,589,7
2 0 ,6 102,5 109.6
1,8
890.2
19,4 91,0 110,3
5,9
754.0
35,3 76,0 374,2
1.184.6
7,0 30,4 65,8
654,7
61,0 31.0 60,0 164 0 1.580.0
23,2 70,9 103,4 125,5 1.441.4
25,0 74,9 53,5 57,8
804.6
145,2 174,2 460,8
2.397.7
128,1
82,0 90,4 10 0 ,0 1.178.0
259,8 297,8 116,6
1.552.4
27,4 69,9 126,7 85,0 1.136.0
23,7 104,2 217,0
1.512.0
8 6 ,1
42,0 172,5 53,6 1.282.7
14,8 2 0,0
44,4
2 ,0
238.4
19,9 20 ,8
41,7
9,2
465.7
60,7 36,2 224,8
813.3
37,1 26,8 60,0
557.5
214,2 279,9 396,3
2.523.6
93,3 113,0 152,2
2.216.7
60.2 40,1 170,3
964.0
320,0 230,0 610,0
78,0 4.453.0
2 0 9,0 313,0 417,0 106,0 2.807.0
11,9 57,4 145,8 600,0 1.251.8
47,5 28,9 103,7 38,1
755.1
123,3 144,2 473,3 1 0 J,0 2.390.4
24,4 32,0 159,5
533,9
7,1 31,2 109,3
337.2
106,8 15.0 350,0 14,6 1.045.0
8,4 14.1 65,5
1,5
358.4
6,7 13,5 26,5 40,0
240.7
12,4 42,0 99,2
59,2
501.4
400.0 742.5 3,821,0 167,7 233,7 734,7 11143 5.924 4
250.0 516,9 1,«04 4 110,7 69,7 205,1 203,5 1,828,5
250.0 380,3 1,455,2 64.2 56,0 484,9
1,428,8
200 .0 179,0
811.0 27,5 76,3 107,0 133,2
890.8
110,0 402,2 1,593,0 111.7
34,0 123,2
6.7 1,338,1
125.0 85,6 604,4 39.9 40,5 00,0 117,8
758.4
25,0 43.3 330.2 19.0 2 8 ,1
98,3
484.5
100.0
07,4 510,9 20,7 30,0 121,3
524.5
8.472.7 58,479,7 7,841.9 4 ,206,2 9 ,461,7 3 ,830.3 66,qqo.8
8,472,7 59.055,* l.'job.j 4-312,7 Q,t97,9 4,oq7>9 6 6 ,7 1 6 ,0
8,472.7 50.065.5 4 .073,8 4,544.6 Q,6 ro,i 4 ,128 ,g 6 8 ,ioq o
New York City, Boston and Philadelphia Banks.— Below
we furnish a summary of the weekly returns of the ClearingHouse Banks of New York City, Boston and Philadelphia,
The New York flgares do not include results for the non
member banks.
Japital d
BASES. Surplus.
N. V.*
July 9.. 134.104.0
“ 16.. 134,004,6
‘ 28.. 134.004.0
* 80.. 134.254.0
Boh.*
Loan.1.
033,075,3
639,853,5
63 4,945,9
030,706,7
Spade.
Le]al$.
9
S
08.587.3 119.893.0 14.924.0
68.587.3 178.570.0 15.340.0
P h lla.*
July 10..
35.388.0 114.078.0
30..
131.527.0 5.881.0
130.459.0 5.900.0
130.090.0 5.871.0
41.720.0
41.447.0
40.671.0
35.388.0 115.289.0
$
„
017.814.9
720,893,1
030.290.4
044,528,3
5.331.0 188.669.0 0,300,0 96.039,7
5.442.0 180.838.0 0,220,0 92.299,4
6.700.0 187.420.0 5,999,0 87,092,0
SO.. 08.587.3 170.832.0 15.333.0
“ 28.. 35.388.0 114.545.0
‘
$
1804987 02.303.0 758.068.0 14,620,4
1707004 02.016.0 757,786.3 14.538.8
1070415 00,702.7 741,328.8 14,434.3
1005051 00,819,4 741.080.1 14.391.9
July 1 0 .
‘ 23..
‘
Deposited Oirs’Vn. Olearim
70,987,
00,388,5
01,494,
Auction Sales.— Among other securities the following, no
regularly dealt in at the Board, were recently sold at auction.
By Messrs. R . Y . Harnett & Co:
Shares.
11,814 sh’es and a fractional gli. Batopilas M ining Co., §20 e a c h .*450
By Messrs. Adrian H . Muller & Son :
Shares.
56 Celluloid Co...................... 66 >4
10 Colonial Trust Co............190
10 Nat. C ity Bank ..............1111
500 W. C. Loftus & Co. with
10 Leather Mfrs.’ Nat. Bk 181b)
note o f Thos. J. Loftus
12 Fourth Nat. B an k... 17611-178
and Mary B. Loftus for
18 Title Guar. & Trust C o. 291
$5,000,due Jan.30.’98.*5,100
25 Bank o f the Metropolis. .390
Cert, o f right to 50 sh. Prod.
20 Manhattan Fire Ins. C o .100
E xeh. Trust Co. under
3 Bank o f A m erica ............355
agreement with stock
20 H am ilton Trust Co. of
holders of Standard Nat.
Bk. in liquidation.*50 per sh
B r o o k ly n ........................ 231
gankiitg itTtl ffittattciitl.
Spencer Trask & Co.,
BANKERS,
2 7 <fc 2 9 P I N E S T R E E T ,
.
.
.
65 Stale Street, Albany.
IN V E S T M E N T
S E C U R IT IE S .
Alexandbk M. W hich . I -
G bo rob BABOLAr M o f f a t .
M
& W
BANKERS,
o f f a t
Wfo. 1 NASSAU STl l BKT.
IN V E S T M E N T
SEW VO BB'
.
.
h i t e
.
,
VHW l f . i i U .
S E C U R IT IE S
THE CHRONICLE.
... 200
jja u k e r s '
C ia a c tte ,
DI VI DEND 8.
P er
When
Cent, Payable.
Ham* o f Oompany.
R a i l r o a d * ( S t e a m .)
Chic. & Alton com . & pref. (quar.)
N orfolk <&W estern p re f...............
8t. Paul ,v Dulutb p rof.................
S tr e e t R a i l w a y * .
W est Chicago street RR . (uuar.)
F i r e lU H u r a n c e .
Books closed.
(D ays inclusive.;
4 >4
Sept,
1 -----------to -------------Aug. 21 Aug. 10 to Aug. 24
Sopt.
1 Aug. 6 to Aug. 31
i%
15 Aug.
Aug.
ITI tM c e lla n e o u * .
Cons. K. O.Sm elt. A KeTg. c o m ..
Diam ond Match hi nor.)...............
Erie Teleg. ,v Telep. (quar.).......
Glucose Sugar Refg. pref. (quar.)
Kinh.-Penu. Car p re f...................
Aug.
1%
2%
1
1*4
2
Aug.
Aug.
4
Sept. 12 Sopt, 3 to
Aug. 15 Aug 7 to
sopt.
1 Aug. 21 to
Aug. 27 Aug. 20 to
P eople’s Gas L A: Coke (quar,)..
W ashington. D. O.. G. L (quar.).
i%
2ta
Aug.
Aug.
4
Sept.
Aug,
A ug
Allg.
12
14
30
28
25 Aug. 13 to Aug. 25
1 July 16 to July 31
WALL STKKET, FRIDA V. AUG. 5, 1S9S.-5 P. 1*1.
The Money M arket and Fin an cial Situ ation .— The se
curity markets have steadily improved this week, both in
volume of business and prices. It is now understood that the
war has virtually ended and the revival which m ight n itur
slly be expected to follow the five months or more of depres
sion since the destruction of the Maine has now commenced.
There are, moreover, other conditions which favor the buoy
ancy now existing in W a ll Street.
The most prominent of these favorable conditions are not
new, they have recently been referred to in this column, but
are becoming more forcible as the season advances. A b u n
dant rains m the corn belt have improved the prospective
corn crop since our last issue, and a large wheat yield may
now be considered practically assured.
The enormous
traffic between the East and the W est that will result from
these harvests is not likely to be over-estimated. The foreign
exchange market was early in the week on a gold-importing
basis and a little over $2,000,000 of the yellow metal is now in
transit or engaged for shipment from Europe. The money
market is abundantly supplied with funds and unusually low
rates prevail. These facts and the confidence which they in
spire account in part for the active demand forinvestment
securities noted above.
The open market rates for call loans on the Stock Exchange
during the week on stock and' bond collaterals have ranged
from \% to 1>2 percent. To-day’s rates on call were l]4 to 1%
per cent. Prime commercial paper is quoted at 3% to 4}4 per
cent.
The Bank of England weekly statement on Thursday
s lowed a decrease in bullion of £803,948, and the percentage
of reserve to liabilities was 44*50, against 45'34 last week; the
discount rate remains unchanged at 2% per cent. The Bank
of France shows an increase of 1,725,000 francs in gold and
700,000 francs in silver.
The New York City Clearing-House hanks in their state
ment of July 30 showed a decrease in the reserve held of $1.019,700 and a surplus over the required reserve of §41,904,475,
against $43,012,000 the previous week.
Surplus reserve
discount, selling 1-16 premium; New Orleans, bank, $1 00
premium, commercial, 25c. per $1,000 premium; Chicago,
par; St. Louis, parwlOc. premium.
United States Honds.— Sales of Government bonds at the
Board include $71,010 4s, coup., 1925, at 127% to 128W:
$85,000 4s reg., 1925, at 128Jj; $24,000 4s, coup,, 1907, at 111if
to 112; $ 0,000 is reg., at 111, and $1,706,000 3s (when issued)
at 1041., to 1051$.
The following are the daily closing quotations ; for yearly
range see seventh page fo'lowing.
6 to Aug. 15
1%
5
Capital*................
B urplus................
Loans & d lsc’nts.
C irculation..........
Net d e p o s it s .___
S p ecie...................
Legal tenders___
R eserve held.......
Legal reserve___
[V o l , L X VII.
! Interest July
j Periods.
30.
2s.........................reg.
IBs, 1 9 1 8 ,10*20s.op.
4s, 190 7 ............ reg.
48, 19 07.......... COUP.
4s, 1 9 2 5 .......... reg.
4b, 1925...........coup.
5s, 1 9 0 4 ............ reg.
5s, 19 04.......... ooup.
6b, our’o y ,’ 9 9 .. .reg.
4s, (O h of.il89 9.reg .
Q. -M oh.
Q. - F eb.
-J a n .
Q .- Jan.
Q .-F e b .
Q .-F e b .
<5. -F e b .
G. - F eb .
J. & J.
March.
Aug.
1.
Aug.
• 95 * x 9 6 % * 97
io-m i 104% 104%
111 - i l l %
'110% 111% 111%
*1261* *127% *1277i
1281* *x27% 12768
*111>2 *111% *111%
*112% *xll\ *111%
‘ 110
Aup.
* 97
105
• in
in %
*127%
* 127%
*111%
*111%
-102%
Aug.
4.
Aug.
5.
* 97 * 97
104%
105
in
'111%
*111% 112
128% *127%
*127% 127%
*112
112
*112 *112
*102 *102 *102
*102% ‘ 102%
*101 *101 *101 *101 *101 ‘ 101
'T h is is the prios bid at tbs morulas; boa rd ; uo sate was unde.
i Dealings are in bonds "w h en issued" and represent tra n saction s
in the Unlisted D epartm ent o t the Exchange.
Coins.—Following are the current quotations in gold for
corns:
Sovereigns..........-$4 85 @ $ 4 88
Napoleons............ 3 86 @ 3 8 '
X X Reichm arks. 4 74 @ 4 78
25 Pesetas........... 4 78 @ 4 81
Span. D oublooas.15 50 @ 15 60
Mex. D ou bloon s.15 50 @ 15 60
Fine g old b a rs... par @ % prom.
Fine S u rer ba rs..
F ive fran cs...........
M exican d olla rs..
Peruvian s o ls ....
English s ilv e r ...
tJ. 8. trade dollars
— o s% 9
— 93 @
— 45% »
— 41 @
4 83 @
— 55 »
— 59
— 96
— 46%
— 43
4 86
— 65
State & R ailroad Bonds.— Sales of State bonds at the
Board aiv limited to $3,000 Virginia fund, debt 2-3s of 1991 at
72% and $1,000 Alabam a Class C at 98.
Business in the market for railway bonds steadily' in
creased from about $2,000,000 par value on Monday to over
$7,000,000 on Thursday, when the transactions were
heavier than for any day in many7 months. Offerings
were confined largely to medium and low-grade bonds, many
of which have been conspicuous of late. Prominent among
these are Union Pacific Denver & G ulf trust receipts, which,
continuing their upward movement, gained 4% points within
the week and 2 i points since January. Missouri Pacific trust
•is advanced 4 points, and Atchison adjustment 4s, St. Louis
Southwestern firsts and Wisconsin Central trust receipts 2
or more points. The list of active honds which advanced a
point or more includes Chesapeake & Ohio general 4% s,
Chicago Terminal, Fort W orth & Bio Grande 1st 3 4s, N or
folk & Western con. 4s, Northern Pacific, Erie, Oregon Short
Line and Wabash debenture Series B issues.
Stock and Bond Sales. —Tb.e following shows the volume
of business in stocks and bonds on the N ew York Stock
Exchange for the past week and since January' 1,
Sales
,— Week ending A ug. 5 — ,
N. Y. Stock Exeti.
1898.
1897.
G overn m en t bonds
State bon d s............
R R . & raise, bond s.
$1 ,9 0 0 ,2 0 0
3,0 0 0
2 3 ,244,000
---------Jan. 1
to
A ug. 5 ----- —.
1898.
$7 ,8 2 7 ,7 5 0
9 60 ,100
4 8 2 ,5 3 8 ,8 1 0
$2(58,500
7,5 0 0
18,551,500
1897.
$ 8 ,000,950
1,08-1,500
274 ,303 ,99 0
Total............. $25,213,200 $18,827,500
$491,321,660 $283,889,440
Stocks—No. shares
1,029,860
2,694,961
5s,990,060
34,106,0S1
Par v alue....$158,790,000 $251,380,900 $5,692,776,575 $3,256,919,800
Bank shares,par val.
$1,700
$2,500
$122,950
$207,310
1898.
July 30.
Differen’sfPm
Prev. week.
1897.
July 31.
1896.
A ug. 1
$
59,022,700
75.231.900
036,766,700
14.391.900
7*41,680,100
166,505,100
60,819,400
227,324,500
185,420,025
*
luc. 1,820,800
Leo.
42,400
Inc. 351,300
D e o .l,136,400
luo, 116,700
Deo. 1,019,700
Luo.
87,825
$
59,022,700
74,830,900
542,996,200
13,431,100
623.045.000
91,497,400
109.984.000
201,481,400
155,761,250
$
60.622.700
73,294,000
469,535.900
14.800.700
485,014,000
46,25-1,700
92,727,400
138,082,100
121,253,500
Week ending .-----------Slock.--------- Railroad, <6 c. Slate
B. S.
A ug. 5 ,1 8 9 8 . Shares. P a r value.
Ronds.
Bonds,
Bonds.
Saturday............
97,883
*0,594,550
*805,000
.. §168,500
Monday................. 085,007
82,881,200
2,017,000
..
125,500
Tuesday................. 277,240
26,624.400
8,067,500
..
258.000
Wednesday........... 323,782
81,640,900
5,471,500
...........
290.000
Thursday............... 822,017
81,228,200
7.168,000
..
754.100
Friday.................... 373,572
86,920,700
4,635,000
S3,000 880.100
41,904,475 Dec.1,107,525
45.720,150
17,728.600
The sales on the Boston and Philadelphia Exchanges for
the week ending August 5, 1898, have been as follows ;
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.
W e add the following record of the transactions for each
day of the week.
Total............1,620,860 *158,796,000 *28,244,000
,
-------— Boston
L isted
shares.
S a t u r d a y ... 5,681
M onday — 14,009
T u esd ay — 18,440
WedftSSd’ y. 23,278
T h u rsd a y ... 3$. 884
F rid a y ......... 90,000
Unlisted
shares.
3,770
0,9 0 2
4,097
7.744
12.083
5,500
----------------
s
Bond
sales.
$;!52,300
2 21 ,000
5 0,500
189,000
200 ,400
50,000
,?S,000 *1,066,200
-------Philadelphia.’-------—>
,
L u ted
shares.
Unlisted
shares.
2,819
8,09.0
10*111
12,903
10,05$
27,171
8 ,857
16,030
9,448
25,892
19.320
13,502
Bond
sales.
$58 ,300
74,100
20.’ ,900
214 .000
430,380
3 45 ,180
Foreign Exchange.— The market for foreign exchange has
been generally steady and without special feature. Gold im
T o t a l . .. . 120,232
7 49 ,800
77,256
40,052
93,649
1,327,860
porting honaeB were moderate purchasers of bills, the de
mand i rout other sources being limited.
R ailroad and Miscellaneous Stocks.— Both investment
To-day’s actual rates of exchange were as follow s: Bank and speculative iuterest in the stock market have increased
ers’ sixty days' sterling, 4 8S% @ 4 84; demand, 4 85J^@4 85% ; this week. No developments of importance have been made
cables, 4 85 % @ 4 86 ; prime commercial, sixty days, 4 83% d public affecting any particular line of stocks. Dividend
4 8 3 % ; documentary commercial, sixty days, 4 82% @ 4 83 ; paying shares are in demand, and liberal sales for foreign
gram for payment, 4 8 2 % @ 4 83 ; cotton for payment, 4 82% account of internationally-listed stocks ti-ere readily absorbed
@ 4 83 ; cotton for acceptance, 4 88 % @ 4 83%.
at advancing prices. Of the railway list the grangers and
Posted rateB of leading bankers follow :
trunk line stocks were leaders in activity and strength. Quo
tations for Burlington & Quincy were the highest since 1893,
A ug. 5
Sixty days.
Demand.
for North W est, the highest since 1883, and for Lake
Shore the highest in its history7. Special strength is noted in
P rim e bankers’ sterling bills on L ondon. 4 81% © 4 85
4 B6@4 80% shares of the trans Continental lines the leading grain-carry
4 83% ® 4 83
ing and other less prominent roads. The coal stocks were
D ocum entary com m ercial.......... .............. 4 82 % ®4 83
Paris bankers' (francs).............................. 5 217r ®21310 5 2 0 @ 5 19B,e relatively weak, following the advance noted in our last
Amsterdam (guilders) bankers....... .........
40 % @ 4IJbib
issue, and local traction shares were irregular.
F rankfort or Bremen (rblcllmarks) b ’kere 04Oi 6&94<5
9.*)%®953j8
The miscellaneous list shows the effect of an increased deThe following were the rates of domestic exchange on maud, N ew York A ir Brake advanced over 14 points, Am er
N ew York a t the under-mentioned cities to-day: Savannah, ican Cotton Oil and United States Rubber preferred 5 and 4
buying % discount, selling par ; Charleston" buying 1-16 points respectively, and American Tobacco 7 points.
THE CHRONICLE.—STOCK
A ugust 6, 1898.]
PRICES (2 pages) P age 1.
261
New Y ork Stock E xchange— A Daily, W eekly and Y early Record.
8
TO O Z S -H IG H E ST A.VZ) LOWEST S A L E P R IC E S .
Saturday,
July 30.
M onday,
Aug. 1.
Tuesday,
Aug. 2.
Wednesday Thursday,
A ug 3.
Aug. 4.
F riday,
Aug. 4.
Range f o r previ
Sales Range f o r year 1898.
o f the On basis o f ioo-sh*re lots ous yea r fl897>.
Week.
N. Y . STOCK E XCH . Shares Lowest.
Highest.
Loioest. Highest.
STOCKS.
R a ilr o a d S to ck s.
A lbany & Susquehanna..
§183 Jan 4 180 Feb 8 170 Feb m * A .p
YjLnn Arbor.....................
11 Apr 21 15 Feb 8
9 Jan. i5*Aoa
•35% 37
•35** 37
*35** 37
Do
pref.
34 Jan 4 40%Feb
•35** 37
•35** 37
•35** 37
22%Apr 40 Aug
2,314 10%Apr 21 14%J’ne 6
*13*4 13** 13*4 13% 13% 13** 13% 13% 13% 13% 13% 13% Atch. Topeka & Santa Fe.
9HAPr 17 Sep,
Do
pref. 37,042 22%Mar 12 35%J’ly 12 17 Apr 35%Sep
34% 34% 34** 34% 34% 34% 34% 35% 34% 35% 34% 85%
§15
10 B altimore A Ohio.. . . —
*15 ___
137% 14
1,123 12%Jan 25 21%J’ne 17
14
14% *13
§13
13
16
9 J’ly 21%Sep.
alt. A O. South w., pref.
*0
7
*6
7
*0
7
*0
7
*0
7
•0
7
5%Jan 19 7%Feb 3
2 J’ne 9%8ep.
§105 Mar 9 §105 Mar 9 102 Mar 100 Oct.
*104 108 *104 108 *104 108 *104 108 •104 108 *104 108 Bost. & N. Y. Air L.. pref.
57*4 58% 57% 58% 58*4 59% Brooklyn Rapid Transit...
35 Mar 12 59%Aug 1 18%Jan. 37%Dee
57% 59% 57** 59% 57% 59
*27
29 Buffalo Roch. & Pittsburg.
•27
29
*27
29
*27
29
*27
29
•27
29
25 Mar 12 80%Jan 6 16% May 31 Deo
Do
pref.
*00
67
•08
07
00% 68%
*60
67
•80
67
02 May 6 07%Jan 8 54%J’ly 00%Dec
*86
67
•75 .... Burl. Cedar Rapids & N o..
§65 Mar 10 75 J’ly 1 68 Apr 70 Aug
•72 ___
•75 ....
*75 ....
anadian Pacific......
•83
84
84
1,225 72 Apr 21 90%Jan 20 46%Mar 82 Deo
84*4 84*4 84*4 84** 84** 84
*83
»4V* 84
anada Southern........
1,335 4 4% Mar 12 57%Feb 5 44%Jan. 62%Sep.
53** 53% 53% 53% 53% 53% 53% 54
•53
53V* 53*4 54
Capital Traction............
62 Jan 4 70 Jan 25 50% Oct. 63 Deo
1.843 86%Mar 26 98%Jan
*90
92
90% 90% x89% 90** 90% 90% 90% 91% Central of New Jersey..
68%May 103%Jan.
•90*4 92
1,990 11 Apr 23 17%Aug 3
17% ♦16% 17*4 Central Pacific...............
§17
17
17
17** *17
7%Apr 18 Sep.
10% 16% 10** 17
22% 23% Chesapeake & Ohio........
*22% 23
8,230 17%Mar 26 24%Feb 1 15%Mar 27%Aug
22% 22% 22% 22% 22% 23
22% 23
159%
Chicago & Alton............
§150 Mar 14 §106%Jan 14 147 J’ly 170 Mar
•100 .... '100
100 ....
*160
1*159** ....
Do
pref.
*172 ....
'172
172 .... ♦172 *
♦172
*172 ....
§166 Mar 24 §166 Mar 14 101%May 175%Nov
100% 106% 105%107% 108% 107% 107% 109
108%109% 109% 112% Chicago Burl. & Quincy... 125,19 i 85%Mar 26 112% Aug 5 69%Jan. 102%Sep.
800 49 Apr 19 66 J’ne 1 37%J’ne 01 Sep.
•50
59
57% 57% 57% Chicago & East. Illinois...
57** 57** *50
57** *56
•50
58
Do
pref.
107% 107%
500 102 Jan
*100 107% 106 107** 105 1O7**|*1O0 107** 107 107
113%Feb 1 95 Jan. 103 Sep.
9%Feb 24 16%Jan 8
15
15% 15
15% 15% 15% 15% 15** 15% 15% 15% 15% Chicago Great Western... 13.980
3%J’ne 20%Aug
Do 4 p.c. debentures.
*71
74%
10 71%J’ly 15 71%J’ly 15 71%Oct. 75 Deo
...... 74**' *71% 75
•71V* 75
*71** 75
§71
71
Do 5 p.c.pref. “ A ” .
40% 40%
3,025 28 Mar 15 41% Aug 3 dl%Aug 43 Sep.
•37** 39
39
41 | 40
41% 40% 41
39% 40
Do 4 p.c. pref. “ B ” .
19 Aug 33%Sep.
1,510 20 Apr 21 30 Aug
*27
28% 28
29% 29% 28% 29*4
28% 28
28**j 29
30
33 7 Feb 24 11 J’ly 2
8 Oct. 18 Aug
•9% 10*4 Chic. Indianap. A Louisv..
•9** 10** *9% 10% •9** 10%: *9% 10** §9*4 9%
Do
pref.
1,879 23 Apr 16 38%J’ly 27 20 Nov 38%Sep.
31
32
35% 35% 36
35 | 33
34
32
32
36% 35
99% 100** 100 100% 100% 101% 101*4 102
99% 100
101% 102% Chicago Milw. A St. Paul.. 104,539 83%Apr 21 102%Aug 5 69%Apr 102 Sep.
Do
pref.
1,309 140 Apr 25 152% Aug 5 130%May 140 Sep.
5152 152*4 1152*4 152*4 152 152** §152% 152% §152% 152% 152% 152%
133%134% Chicago & North Western. 15,340 !13%Mar 12 134% Aug 5 101%Apr 132%Sei
130** 131** 131 131% 131% 133 , 132** 133*4 133 134
Do
pref.
•175 ........
3 103 Jan 3 175 Mar 7 153 Jan. 1165%Se]
................... §174% 174%
*175 176
60%Apr 97%Sei
99
99% Chicago Rock Isl. & P ac.. 70.980 80 Mar 25 108%J’ne
97%' 97% 98
97% 99
90% 96% 90*4 9 7% 97
7,090 65 Mar 12 85%J’ly 11 47 Jan. 89%Sep.
84% Chic. St. P. Minn. & Om...
•83*4 83% 83% 83% 83% 84%, 83% 84
84
8 4% 84
Do
pref.
155 Feb 28 133%Jan. 150%Deo
§148 Jan
•151** 100 *153 158 •152 100 *152 158 •152 155 *153 155
9% Mar 3
•7% 8 Chic. Terminal Transfer..
10 4%J an
•7% 9
*7% 8%
*7%
8 ! *7%
8
17% 7%
Do
pref.
33 Feb 5
20 22%Jar
•27
30
30
28
30
•28
30 j *28
30
§27% 27% •28
21%J’ne 41%Sep
4,598 25 Mar \2 44%J’ne 1
42** 42% 42% 42% 42*4 42% 42
41% 42% Clev. Cin. Chic. A St. L ....
42*4 41% 42
Do
pref.
*84
87
55 77%Mar 9 88%J’ne 14 63 J’ne 86%Sep
•84**
87 ! 185
85
1,000 1 l%Mar 26 19%Jan 12
14** 14% 14** 14** 14% 14% 14% 14% 14% 14% 14*4 14*4 Clev. Lorain & Wheeling..
Do
pref.
45 May ~ 50%Feb 9 39 Nov 49%Deo
•40
49
49 . 40
•........ 45 '........ 45
49
•40
49
*40
170 J’ne 7 101 Apr 108%Sep
170 J’ne
*170 ....
170 .... Cleveland A Plttsb., guar.
•170
'170 ....
1*170 ....
'170
Colorado Mid., vot. tr. ctfs.
5%J’ne 23 5%J’ne 28
Do pref. vot. tr. ctfs.
40 14 J’ne 23 18 J’ne 7
*14*4 14*4 ...............
l%Apr 18 Jat
8% Feb 10
4%J’ly 30
4% 4%
1,300
*4% 5*4 Col. Hocking Yal. & T ol...
5
5*4 •5
5*4
5
5
4% 5
Do
pref.
17 Jau 7 25 Feb 9 14 Aug 40 Jan
*21% 24
♦21% 24
*21% 24
•21% 24 j *21% 24
•21% 24
' ‘ 607 103 J’ly 16 114%Feb 3 99%Apr 123 Sep
elaware A Hudson....
107 107
107 107 §106% 107
107 107
107 107 i107 107%
el. Lack. & Western...
557 144%Apr 21 159 Feb 5 140% May 104 Aug
4153% 153% §149% 149% 150 150 i 151 151% •151%152% 151% 152
9%Apr 14%Aug
10 Apr 26 13 Jan 12
*12
13
•12
13 Denver A Rio Grande......
§12
13
•12*4 13
Do
pref.
4,8*10 40 Apr 21 52 %Feb 9 36 Apr 50%Aug
•50% 5 L
50% 50%
50% 50% 50% 50%! 50% 50% 50% s:%
7 Apr 14%J’ly
600
8%Apr 21 20 J’ne 10
•10
17
10
10
*15% 17 i *15% 17
10*4 10% 10% 17 Des Moines & Ft. Dodge..
31 Apr 50%Aug
Do
pref.
*80 100
•80 ....
•80 ....
•80 ........ *80 . ...
•80 100
5 Dec 10%Aug
Dul. So. Shore & Atl.pref.
5 Apr
7%Feb
100
1 l%Apr 19 Sep
630 11 Apr 21 10%Feb
13% 13% •13% 13% 13*4 13*4 13*4 13*4 13% 13% *13% 13%
♦34% 85% 35*4 33% 35 35
Do
1st pref.
2,043 29%Apr 22 43%Feb 11 27 Apr 46%Sep
35% 35% 35*4 36%
35
35
15%Apr 22 21%Feb 11 15% May 2 5%Aug
•17
is% •17
Do
2d pref
18% *17 18%i *17 18*4 *17*4 18% •17
18%
100 22 May 9 26 May 11 20 J’ne 34 Sep
•25% 26
•25% 26
•25% 26 Evansv. & Terre Haute ..
•25% 26
|26
26
•25% 20
Do
pref.
53
53
24 4 40 Jan 18 54 Aug 5 28 Aug 48 Sep
54
54
*50
•52
55
•50 56
i *52 55
7 J’ne 14%Aug
10 Mar 12 14%Feb 14
lint & Pere Marquette.
43 Jan 28 80 Mar 49 Oct
Do
pref.
100 30 Aug
36
30
28 Mar 5
7%J'iy 20 Sep
•20
24
*22
24 Ft. W. A Den. C., stamped
56 21 Feb
24
•21
24 | *22
24
10 May 19 16%Jan 31 12 Nov 20%Sep
•10% 12%
12
*10% 12%I -10% 12% •10% 12% •10% 12% Ft. Worth & Rio Grande.
180
J’ne
30
120
Jan 141 Sep
reat
Northern,
pref
..
.
+122
J’ly
1
8,8 JO
129% 129% *129 130
131% 132*4 G
129% 129% 129% 133
132%133
reen Bay & Western..
§30 Jan 7 32%Feb 24 2 7%Apr 40 Aug
•30
40
Do debt certfs. “ A ”
40%J’ne 23 49 Jan 27 50 Dec 50 Deo
44
44
9 Aug
3%Dec
Do debt certfs. “ B ”
3%J’ly 9 0%Jan 25
4,035 96 Apr 21 11 l%J’ly 12 91%Apr 110% Aug
109% 109% xl07 107
107 107% 107% 108
108 108% 107% 108 J llinois Central...............
97
Aug
88
Jan
97%Aug
4
§94
Feb
18
u
ivw
1Ho
leased
line,
4
p.
c.
30
•95 100
•95
100
•95 100
•95 100
§95 95
§97*4 97*4
7%Mar 18 10 J'ne 11 , 0 Apr 13%Sep
9% 9% Iowa Central.
554
§9
9
•9*4 9%' •9% 9%
§9% 9%
9% 9%
23 J’ne 41%Sep
pref
132
1,420 25 Apr 28 S6%Aug
32
*32
33
35
30%
Ho
82% 82% 34 3 4
35
83
4 J’ne 9%Aug
0 Feb 2 6% Feb
anawha & Michigan...
•5% 0% *5% 0%
•5% 0*6
6% *5*4
•5«
6
5% 6%
♦5% 0% •5% 0%
ian. City Pitts. & Gulf
2,575 15 Apr 20 24% Feb 10 17%Dec 29%Sep
16
10% 10% 16% *15% 10%: 10% 10% 16% 16% 1094 16%
4%Aug
2 Feb
83 3 Jan 27 5%J’ne 11
•4
5
14
4 Keokuk A Des Moines__
*4
5
•4
5
•4
5
•4
5
Do
pref
15 May 12 18%J’ne 14 12 Mar 28%Jan
*17
19
19
•17
17
19
•17
19
•17
19
*17
19
34 Jan 31 32 Feb 30%Oot
30 J’ne
31
•29
31 Keokuk & Western.........
29
31
•29
•29
31
•29
31
•29
81
2 Aug
1 Aug
2 May 19
2 0 0 2 May
•2
•2
10
•3
10
994 Kingston A Pembroke....
ake Erie & Western —
20 12%Mar 14 18%Feb 8 13 May 22%Sep
•13% 15
15
•14
•13% 15
13% 15
§15
15
•14
15
389 06 Mar 14 76%Feb 8 58%Apr 79%Sep
Do
pref.
•70
71% 71*4 71% 71% 71% 71% 71% 71% 71% 71% 72
198 Aug 4 152 Jan 181 Sep
470 170%Jan
*190 193 •190 193
194% 194% Lake Sh. & Mich. South...
192 192 >192% 194% 194% 198
!80%Apr 19 190 May 27
Convert, ctfs. of deposit.
................. 192 ....
40 Jan 20 51 Jn’e l 38 Dec| 55 Jan
2
•48
52
50% 51
50
55 *50 55 Long Island.......................
•47
53
•50
55
03%Sep
53% 53% 53% 54
54% 54% 54%! 54 54)4 Louisville & Nashville.... 19,146 44 Apr 21 00%Jan 31 40%Apr
53% 54% 34
anhattan Elev.,consol. 29,806 91 Mar 20 120%Jan 14 81%Mayill3 Sep
106%107% 106%107% 106%107% 106*4 107
100% 107% 107 108%
99%Oct !lSS%Deo
171%Feb
14
125%Mar
20
9,457
etropolltan
Street......
153 153% 153 154
157%
157%
153%155
155 150
156 158
0 Augi 9%J’ly
4%J’ne 15 0%.Jan 8
Central...............
*4% 5*4 *4% 5%
•4% 5%
•4% 5%
•4% 5% *4% 5% Mexican
1 Nov 2%Aug
1 Feb 10 l%May 2
Nat’l .tr. rects...
#% 1
•% 1 Mexican
'%
1
1
*% 1
90 J a n 'lim S e p
9
9%
Mar
12
114%Feb
8
Michigan
Central..............
1,075
*100 107
107%
108*4
107 107
107% 107% 107*4 107% 107%107%
10
May 31%Sep
30%Feb
15
24
Mar
11
500
•28
29% •28
29%| *28
30
29% •28
28% 28% 28% 29 Minneapolis A St. Louis...
37 84 May 14 91 J’ne 27 77%Mar, 90 Sep
Do
1st pref.
•88% 90
•89
90
•89
90
'89
90
§88% 89
*88% 90
40 F eb' 02%Sep
03
J’ne
8
46
Mar
20
Do
2d
pref.
150
•58
59% •58% 00
•59
00
•58*4 60
59% 59%
•59
00
6 Deo
0 Dec
0%Mar 11 7 Mar 11
*0 ........
•0 .... Minn. St. P. & S. S. Mario
•0 ....
•0 ......
•0 ........
Mo. Kansas & TexaB........
820 10 Apr 13 14%Jan 20 10 AprJ 16%Sep
•io% n*4 11
11
11
11
11
11
•11
11% 1194
42
Sep
24%Apr
41
Jan
28
28%Mar
12
0,080
Do
pref.
34% 35
34% 34%l *84
35
85% 84% 85% 34% 35%
17,930 22 Mar 12 30%J’ly 12 10 May 40%Sep
§35*4 35% 35% 36%j 35% 35% 35% 36*4 30% 30% 30% 30% Missouri Pacific
82 Au§
18
J’ne
32%Feb
7
24%Apr
19
Mobile
&
Ohio..
200
27
27
•20
28
•27
27% *27
27% •27
27% •20% 27%
100 §167%Jan 4 §175 Jan 14 102%J’ne 173%D«C
♦171 174
172 172 •170*4 173 ■173 175 •173 " 175" *173 175 Morris & Essex
00 J’ne 1 60 J’ne 1 70 Jan 85 ;Jep
ash. Chat. & St. Louis..
*00
75
105 Mar 20 119%Jan 28 92%Feb 115%Sep
__
_Y._Central
&
Hudson..
12,300
118% 118% 118% 11894 118% 118% 118% H 9
118% 119
11 Feb 17%Sep
N.
Y.
Chicago
&
St.
Louis.
200 ll%Mar 14 15%Jan 31
■12% 13%
•12% 13% ‘ 12% 14
13% 13
12% 12% •12
13
73 Feb 19 76 Jan 31 07%Apr 81%3ep
Do
1st pref
•05
•00 80 •00 80 •00 80 •00 80 •00 80
24 Feb 43%Sep
40%Jan
29
28
Mar
25
Do
2d
pref.
1
,
00
•34
38
38
*84
•33
86
•33
88
38
87
38%
New York & Harlem......
§320 Jan 5 §350 J’ly 19 295 Feb 325 Deo
1120 Apr 20 §123% Feb 10 119 Jan 122 Mai
N ,Y. Lack. & Western...
162 §178%Jan 7 §195%Feb 2 160 Feb l85%Sep
♦188 191 §190 190 §190 190% 1191 191 §191 191 §190% 191 N. Y. New Haven & Hart
1,054 13%Apr 25 18%Feb 2 12%Apr 20%Sep
15% N. Y. Ontario & Western.
15
15% 15% 15% 15
15
14% 14% 15
15% 15
Norfolk
&
Southern........
05 Jan 28 05 Jan 28
•00
00
•00
06
*00
06
•00
60
•00
00
•00
0“
9 Apr l7%Sep
ll% A pr 21 17 Feb 7
*14
15% Norfolk St Western.........
•14
16
•14% 16
•14% 10
•14
16
20,113 42%Mar 12 50%Feb 7 22%May 48%DeO
Do
pref
53
53
53
53
53
53% 53% 55
54% 55% 51% 54%
11 Apr 22%Dee
81%J’ne
6
19
Feb
24
Nor.
Pac.
Ry.,
vot.
tr.
ctfs.
39,8'
•29% 29% 29% 29% 29% 80
30
31
30
30% 30% 30%
2%Jan 61%D«0
Do
pref. 55,071 56%Mar 12 73% Aug 5 85%Nov
71% 71% 71% 72
71% 72% 72% 72% 72% 72% 72% 73%
8%De«
7 Mar 5 7 Mar 5
maha A St. Louis.. .... .
O
10 Apr 41 Sep
54%Feb
1
35%
Jan
7
r.
R
R.
S
t
N.
Co.
v
ot.
tr.
cf
s.
4,118
52%
51
50
48% 48% •48
49
49% 49% 49% 50
51
73%Sep
3
7%
Jan
74
J’ne
11
05%Mar
29
071
Do pref., vot. tr. ctfs
73
•08
71
•6 8
71
72
70% 70% •70
71% 71% 72
I 19%Jan 3 33%Feb 17 !7%J’ly 23%Aug
31 Jregon Short Line.........
•28
•29
31
•28
8t
•28
31
•28
31
•28
31
*190
•10
820
11
•190
220
*10% 11
*190
220
*10% 11
*190
11
220
11
*190
11
220
11
*190
*10
220
11
C
D
Erie"
F
K
L
M
N
• These are bid and asked prices ; no sales on this day.
OUTSIDE SECURITIES (Gives
Bid. |Ask. I
S treet R a ilw a y s .
NEW YORK CITY. I
Bleeck St St Ful F—Stock. 32
31
1st inert 7a 1900,..JAJ, 101 104
V way St 7th Ave—Stock.' 216
1st raort 5s 1904.. .JAD $105 100
2d mort 5a 1914.... JAJ $110 U2
Con 5a 1943—See Stock'Kxcbl iat
B way Surf 1st 5agu. 1921 115 117
»d 5ai i aa rental. 19051$104 105%
Ontral Crosstown—Stock 255
1st M 0s 1922...... MAN $118%
Osn Pk N A E Riv—Stock: 1H0
7m 1004...... JV.D $109
1 11 %
at
§ Less than 100 shares.
foot of
t Ex dividend and rights.
7 consecutive
pages).— S T R E E T R A IL W A YS, &c
Bid.
H trest R a ilw a y * . 1 Bid.
Metropolitan—See Stock Exch 1 ist.
Chrot’p’r A 10th St-Stock 150 100
1st mort 1898...... AAO 100% 103% Ninth Avenue—Stock__ 170 180
Second Avenue—Stock... 177 180
Col A 9th Ave 5s-Se« Stock Excfi . 1st.
1st mort 5s 1909. .MAN §107 109
D D E B A Batt’y—Stock.. 170 190
Debenture 5s 1909.JAJ $105 108
1st gold 5s 1932. ..JAD $115% 110%
Crmsol. 5s, 1948...FA A 114% 114%
Scrip 5s 1915........FAA 100 103
Sixth Avenue—Stock...... 200 225
Eighth Avenue—Stock... 347 355
So F erlst5 s 1919.. A AO §113% 114
Scrip 6a 1914............... 108
Third Avenue—See Stock Exch. list.
42d A Gr St Ker—Stock... 860
1st mort 5s 1937...JAJ 121 122%
61%
42d St Man A St N A v e .. 59
28th A 29th Sts 1st 5s. .’90 §110 112
1st mort 0b 1910. .MAS 113 116
95
Twenty-Third
8t—Stock. 330
2d Income 0a 1915.JAJ 90
Deb Hr 1900...........JAJ 108
Lex AvA Pav F fta-See Htk Exch 1 iat.
Ask. 1
s t r e e t R a i l w a y m.
S treet R a ilw a y s .
Union Railway—Stock.
1st 5s 1942........... FAA
Westchest 1st 5s ’43.. JAJ
Bid. Ask.
175 200
SU 2« 114
§109
BROOKLYN.
Atlan. Ave., B’klyn—
1st 5s 1909......... AAO §107
Con 5s g 1981...... -A-AO $108
Impt 5s g 1984.....JAJ 95
B. B. AW.E. 5s 1983. AAO 90
Brooklyn City—Stock.... 214
Consol 5s 1941.....JAJ 114
Rklyn Crosst.n5s 1908. J AJ 105
215
117
THE CHRONICLE.—STOCK TRICES <2 pages) Page 2.
262
6 TOOK 8
Saturday,
J u ly SO.
3d%
•S3
15?
•Alfifc
n
•S
•42%
*00
—HIGHEST A N D LOW EST SALE P R IC E S.
M onday,
A ug. I
23?H 24 %
01% 61%
5%
•7
?H
19% 19%
93% 93%
1% 2
*102
533%
*78
•24
•135
•24
*74
11 %
•35
39
88%
136%
1113%
*04
121%
*128
•95
4
12
23«
01
24
01%
m
• ?«
iew 1WH
0
93*
2
§2
13
1
11yi m
*102 105
23% SIH
79
78%
*24
30
30
140 1185% 137
26
27
20
77% 77W 77%
12
iaw
37
36% 36
39
89M UUVf
8 8 % ISSfjs «»■>»
139% 138%139%
113% HSJi 114W
95% S95M 954,
121 % 121%123%
130%131
131
96% 96% 97
4%
124 1121% 124%
11% I0i4 11
A
%
"A
•1H 2M
21
2?* *20
*4
5%
198% 198%199
41
*38% 41
90
90
90
*40
100
36
87
58
J
•50
•50
51%
•92
•3
•45
•52
57% 57)6
51% *51
93
•92
•3
0
52
*45
73
35% 86%
109% 109%
6% 6%
•70
•17
•35
58
6%
18%
•29%
•340
99%
211
80
30
42
54%
6%
3%
30
99%
211
•58% 69%
•5% 6
•25
25%
•40
•7%
07%
37
94%
•118
92%
07«
52
93
0
52
Salts Range fo r year 1898. |( R a n g e fo r p r to f the On ba sisof /oo-sh're lots times year (1897).
Week.
Lowest. Highest.
N. Y. STOCK EXCH . Shares Lowest.
Highest-.
35
♦S3
•55
.
P
IP*
S
T
U
102 105
21% 27;
?W& SI
’ S!
30
5185 185
27% 27%
78% 78%
12% 12%
30
37
39
39
89
89
135% 139%
114 114
195% 95%
123%120
*52
57%
52
•92
*3
*45
JMiscellau’ s Stocks.
§105 105
dams Express..............
27% s s k
merican Cotton Oil..,.
82^ 83
Do
pref.
30 American District T e l....
*25
§136 130 American Express.. . . . . . . .
V27% 27 K American Malting...........
§79
70
Do
pref.
13
14Vf American Spirits Mfg......
30% SSK
Do
pref,
39
S»K American Steel & W ire...
Do
pref.
80M 89%
130% 138% American Sugar Refining.
*114 U4H
Do
pref,
95 §95% American Teleg. & Cable..
126%128 American Tobacco. . . . . . . .
130%180%
Do
pref.
93
Do
dividend scrip.
98
•4
ay State Gas.................
4>4
124%125
roofclyn Union Gas.. ...
18M 13)4 Brunsw. Dock & C. Irnpvt.
olorado Coal & L Devel.
V*
"A
Do
pref
•IM 2M
♦19
21 Colorado Fuel & Iron,....
*4
CM
198% 199%
40
*38
*00
pref.
92
*40
57K 58K Detroit Gas............... .
astern Elevator...... .
♦...........
00
130 131
dison Elect, 111. (N.Y.),
130 130
1123 123 *122
40%
39% 40% 40
25% 25% 25K 2 5 « |I| awailan Com. & Sugar.
L. B. Clat! in Co.
♦52
*52
58
C 9« 69)4 Illinois Steel.....................
58
aclede Gas (St, Louis).
53% 63 >4 54
53
*95
90
Do
pref.
90
94
*3
0
*3
52
*45
*45
1102 103 §103 105
28%
27
28% 27
83
81% 84
§P
*25
30
30
*25
*136 140 §134 134
26% 26% 26% 2'
73% 78% 78% 79
12% 12% 12% 13
36
36
*85
37
39
39% 39% 39%
89% 90
89% 90
139 140% 137 140%
114 114 §114% 114%
*94
90
§95% 95%
120% 128%
125%128
132 132
130% 130%
*97
98% 98
98%
4
4%
4% 4%
124% 124£( *123 126
10% 12% 12% 13%
*%
%
*1*6 2% *1% 2%
19% 20
19% 20
*4
5%
*4
5%
199% 201% 199 200%
40
40
40
40
91%
*89
91% *89
*40 ........ *40
97% 100
4% 4%
123% 124
•10%
10% 10%
*%
%
•1% 2%
. 20*
19% 2094
*4
5%
198%
199 199
*39
*39% 41
90
*90
92
•40
*40 ........
57% 58
*........
00
0 O U . . . . . . 00
.... 00
1129 129 *128 181 5130 130 *127 131
•122
*122
122 .... §122 122
39% 39% 3 0 « 40% 39% 40% 39% 40%
84% 24% 24H 94 H 25
25% 25
25
•122
Friday,
Friday,
ug. tt .
AAug.
*52
58% 58
02% 52%
93
93
*3
0
*45
52
........
59%
52%
94
6
52
A
B
C
E
L
•71 “
so«
04^
37
1110
8
•0
*70
*16
*35
5oH
*78** *71
73
73
*71
73
saw 31% 31% §31
31% s * 31
♦95
94 V* 94% 95% *94% 95
88V* 37% 37% 36% 37% 37% 37%
n ow 110%110% 110% 110% *3 09% 111
0%
7% 9
6% 7
7
♦6
7
♦0
7
80
'0
80
'70
*70
80
83
30
30
10
*16
30
■10
30
43
35
43
41
41
*35
43
57
50% 57% 56% 57
68
60
0% 0%
OK #6% 0 % *0% 0%
*4
*3% 5
5
•4
&
81% 31% 31%
8('M SOM 30% 31% 31
•325
•325 ........ *325 ........*325
98
»«W 98% 99%| 08% 99%j 99% 100%
211
190 190
190 190% 19 L 191
1%
n%
•1H ....... '
•5% 8
*5% 8 | *5% 8
5% 5%
♦58%
59%
*58%
59%;
5«K
50%
*58%
•5»H
5% 5%
5
fig
m
6-M
2SH 8SM 25% 20
25% 25% 25% 26
'V s a
§30%
04M
8«K
*109%
0
*0
*70
*16
*37
59*
0)4
*4
31
*325
00K
191
•l?I
*5
*58%
•6H
25%
'V'-ijfi
pref.
95
S7W
110%
6M
7
80
30
42
67
OK
5
SIM
Do
pref.
Do
Do
lBt pref.
2d pref.
10Q«
191M
pret.
8
59%
I’ M
27
1,498
229
310
1,925
34%J*ne 27 36%J*Jy 27
84 Aug * 91 .J’ne 28
150 JTy 22 §00%,1’ne 2
ll0-%Mar 12 120% Feb J
100
% Jan 7 2%May 23
4 Fob 28
5% Feb 11
70U 38%J an 6 4?%M»v
1,370 57 Mar 23 71 Feb 7
1108 Feb 26 172%,1'lv 13
7' J ’ne 17
5%J ‘no 11
2,610 15%Mar 25 2856,1an 0
2,870 30 Mar 12 54% Feb 3
1,200 18%Mar 20 29 Jan
.... 1182 Jan 26 1185%JTy 27
205 22 May 11 80% Aug 5
110 50% Mar 15 08 J ’ne 23
§110%Mar2O §123 Juu 4
8% Feb 13
5% Mar
001 45 Feb 24 63 J’ne 11
110 13%Apr 25 23%J’ne 11
1,454
0 Mar 20 8%J’ne 3
2.0 01
52%'Mar 12 05?%J’ne 6
8,820 22% Feb 24 32%J’ne
205
8%Jan 24
5%J’ne 1
750
7% Mar 12 12%J’ne 7
600 18%JTy 6 25 Jan 8
329 78 Apr 20 90 Aug 8
2,031 J23%1 an 12 163 Aug
2,000 12 Apr 13 22 Jan 12
575
7 Apr 21
9%¥eb 10
13,045 28%Mar 20 33%Feb 11
1.288 8%Mar 12 18%J’ly 14
503 155 Apr 21 !94%F©b 10
§15 Feb 10 §15 Feb 10
§38% Feb 8 §40 Feb 10
10%Jan 12 20 Apr 4
12,434 16%Mar 25 25%J*ne 0
79.O0H 15% Mar 12 03% Feb 2
11,030
4%Aug 3 10% Feb 18
760
6%Mar 25
7%Jan 12
0,629 14% Mar 7 20%May 9
2,200 87%Apr 25 102%,Jan 8
1,235
%JTv 22
3%Jan 11
1,000
8 JTy " 10 Jan 12
5
%Jan
3%Jan 1
5 Feb 5
0 J’ly 32
U
Bid
jHirert H nllvtnvs.
B’Jclyn Elev, all ass’ls pd.
BkinHgtslst 5a 1941A&‘1 96
BQnaCo.AS.—lat 5f.l941 $109
Bklyn R«g»Tran.—See Sto ck Ex,
Cal.Cetn Gr.AB’kynlRt 68 110
Coney Island & Brooklyn.
Iat5s 1904............. J&J 108
5a certfa indbtlOl 0.J&J 101
F'/k - . v New 5a 39.J&J $112
Gr.8t.&New lst5»’O0A&O 104
G’p’t & Lorimer St. 1st 6s. n o
Kings Co. EJevat.—Stock
4
Bonds—See Stock Excb. List.
(G iv e n
at
j?o o t
of
Ask. j| H treet Itn llw n y « .
23 1! Nassau Elec 5m HH4.A&0
99 |! NewWrab’gAFIlatex.4%s
109% ; NY& Qus Co 5» 1940. A &0
Stein way Iat6a 1922.J&J
i,i»t
$U4
195
OTHER CITIES.
103% Bai t Con sol—Sto ck—See
103 j Brldgep Tr-lat 5s '23.J&J
. . ... . 1 Buffalo Street Ry—Stock.
1st consol 5s 1031 .F&A
100
Crosstown 5s 1932M&N
Chicago City RIl—Stock..
7
Citizens’ St (Ind*nap)-gcr
Balt L
$100
70M
$111
U0BK
270
Phlla
Bid.
104
101
7 c o n s e c u t iv e
103%Jan
%J’ ne
5 Apr
llWMar
44%J’ne
150 May
4H Aug
10% Apr
38% Apr
22% Apr
175 Oct
14%J’ne
25 May
110 Mar
3%J’rie
37*ii J’ne
10%J’ly
1 Apr
37 Jan
12 Apr
1 Apr
8%Apr
20 Jan
72%JTy
114 Jan
13%.7an
7 Apr
22% Apr
8 A pr
146 May
20 Sep
119 Sep
3%Aufc
8%Au£\
39%Deo
172%Au*
I
12 Sep
29%8ep
5 7%Sop
35%Sep
185 Jan
25%Sep
61%Dec
:!22%Dec
9%Sep;
54%Dec
20%Sep
9 Aug
59%Doo
27%Dec7 Aug
14?|Sep
80 Sep
87%Oct
125 Aug!
23%Sep
12%Sep
88%Sep
15 Aug173 Dee
26%Oct
9%Dec
14%Deo
1 Apr
4%Mar
11 % A pr
100%Nov
%J’ne
2%Apr
1 J’ne
6 Sep
li%Sep
9%Sep
2-1%Sep
112 Aug
6%Jan
29 Jan
4%Au&
8 Sep
277 49 7%Apr 29 §180 Fob 10 147%Feb 165 Oct
45,677 15%Mar 25 28%Aug 4
9%May 20%Sep
13,602 66 Mar 14 84 Aug 3 5 2% Feb 80%Sep
22 May 13 24%J‘ne 30 21% Dec 27 JTy
‘ “ *4*7 §116 Jan 5 140 JTy 20 10 9%Jan 119%N0V'
734 24 J’ly 8 29% May 6
1,490 70%J’)y 5 79%Mny 9
10,025
6%Nov 15%Angr
0%.lan 20 15%J’ne 9
3,170 10 Mar 26 40%J’ne 2“ 15 Dec 80 Aug^
5,511 37 J’ly 7 43%J’ly
2,148 88%J’ly 29 9 2%JTy
137,008 107%Mar 20 145%J’no
109%Mar 159%8ep
777 103 Mar 25 116 Jan
100%Jan 121%Sep.
266 §88 Mar 29 §95% Aug :
85% Jan 94 J’ne
74,064 83%Jan 24 12S%Aug
67% Feb 96%Ang
845 112%Mar 11 132 Aug 8 100 Feb 115 Aug
198 78 Mar 14 100 Aug 2
8%Oct 16%Aug
27,969
2%Mar 21
5%Jan 21
1,055 106 Mar 26 125 Jan 24 85 Jan 187 Sep
10,075
9 J'ne 3 14 J’ne 6
2 Aug
%Apr
%Jan 28
H P ly
5 Sep
2 Oct.
2 j *ne
2% Apr 8
17 Mar 12 20%,lan II 15%J’ne 27%Sep
3%J’ ne 7MAug:
4%J'ly 25 7%Jan 18
4,987 107 Mar 26 20 5%J’ne 9 130%Jan. 24l%9ep. .
400 27%Mar 25 42%J’Jy 21 28 Nov 41%JTy
300 33%Apr 28 91 Feb 15 80 J’ne 90%JTy
40 May 17 §45 Feb 14 35 Feb 37%May>
90U 45 Apr 20 68%J’]y 5 20 Jan. 60 Nov
61%May 20 60 Mar 11
702 119 Apr 8 135 Jan 20 101%Jan. 132%Sep
44 106%J’ne 17 122%J’ly 18 97 Feb 115%Aug.
11,235 29% Mar 12 40%JTy '• 28%May 4l^Sep
2,800 15%Apr 22 80%Feb 15
§87%J’ne 20 92% Feb 10 8l% J’ly 10l%Oct
43 Apr 2 50 May 21 35 Mar 45%Dee
3,100 44%Apr 25 00 J’ne 1 29%Apr 50 Aug.
3,000 37%Mar 25 54 Aug 5 22 May 49&Auff;
1,180 85 Mar 12 90 Aug 4 70%Mar 96 Aug
7 J’ne
4 Aug
4 Jan 20
5%Jan 24
45 Mar 23 §58 J’ne 10 40 J’ly 52 Deo
140 Mar 9 14 5% Feb 10
May ' 61 " s i p j
§54 Jan 29 154 Jan 20
Apr 00 Aug i
8,098 57 Jan 20 70%J’ne 29
3,148 30%Aug 1 32% Aug 1
1,805 94% Aug 1 95%Aug 2
80,472 20%Mar 20 38%Aug 1 21%Feb 44 Sep I
569 99 Apr 22 110% Aug 2 88% Feb lOQ&Sep
4 J’ly 28 2l%May 23 10 May 28%Aug
4,505
3 May 13 Aug
5 Apr 25 9 Feb 10
Sep I
00 Mar 25 80 Jun 18 51%Mar 90
8%Apr 45 Aug
15 J’ne 29 80 Jan 2
100 4 L Aug 4 41 Aug 4
11,071 14 Apr 5 07 Aug 5 22 Dec 81%'Aug
6%Aug
1,439
3%Apr
4%Jan 15 7%JTy 7
3% Nov 10%Jan
50
8%Jan 4 4 J’ne 11
22,820 21 Apr 21 32% Feb 4 24 Jan. 39%Sep
§325 Mar 23 §350 Feb 25 330 Dec 340 Mar
34,119 86%Mar 20 104%May 31 91 Nov 97%Dec
3,748 105 Mar 12 216 JTy 5 152 Jan. 185 Sep
4%Aug
l% J‘no
2 Jtm 20 2%Jan 7
8 Apr 13 Aug
5 J ’ne 2 0‘MJ’ne 18
50% Apr 4 69 JTy 12 51$( Aug' 65%Jan
2%Dec 1 l%Jan
8%Jan 8 7 May 23
583
13,135 17' Mar 12 28%Jan it 17 May 3 5% Sep
9 Aug
6 Apr
5 May 27 7%J’ne 8
88 Apr 14 J45 Feb 9 37 Feb 48 JTy
0%May 10%Aug
1,500
G%Apr 25 8%May 24
50 Apr 72 Sep
28,122 53%Mar 26 09%May 2
91 ,S79 14%Mar 12 4 1% Aug 2 10 J'ne 25%Jan
28,980 60 Mar 12 100%Aug 2 I 50 JTy 76%Jan
97 Jan. 20 Dec
32 §ll2%.\Iav • 124 J’ne 2
22,453 82%Mar 20 95 J’ne2H 75% May 96%Sep
exas Pacific Land Trust
44
nited States Express ..
*41
44
44
*40
*41 44 I *41 44
4
*41
nited States Leather ..
7% 7%:
7%
7%
7%
7% 7%
7% 7% •7% 7K
Do
pref.
68% 88% 63% 68% 69 ! 68% Cl«%! 08
68% 08% 08%
40% 40% 41%' 38% 41
38% 40% 30K 4014 United States Rubber....,;
89% 39
Do
pref.!
98% 07% 93% 90
97 I 90% 99% 08% 100% 97
99
123 ■•118 125
118 125 ,*118 126 i 118 123 §123 123 Tirells, Fargo & C o........
92% 93
92% 93% 92% 94% 0 3 % 9 4 %
93
9354 94V4 »V estem Union Toiog’h.
tre bid and asked prices ; no sales on this day.
I Less than 100 shares.
♦Ex dividend o f 100 per cent in bonds.
OUTSIDE SECURITIES
LXVII.
STOCKS.
30
30
30
acific Const Co......
84
85
87
Do 1st prof.............. .
57
57
58
Do 2d pref............ .
1171 1!TH 11 7% Pennsylvania..................
1%
IK Peo. Decatur & Evnusv...,
1% *1
o : 3% 5%
•3V» ck Peoria & Eastern..............
42%: 42% 43
4m 42% Pittsb. Gin. Chic, & SC L ..
64% *03% 05% 01H
Do
pref.
*171%
Pitts. Ft. W. A Ch., guar..
•171% ., . ... . *172
8 : *0
*0
8 Pittsb. & Went,, pref........
8
38% O eadittg, voting tr. ctfs,.
17m i7% i?M 18
•12 / 42% 42% 42% 424* A.V 1st prof.. vot, tr. ctfs,
20%! 20% 20 % 2094 20% 2d pret, voting tr. ctfs,.
•ISO
Rensselaer & Saratoga....
..... *180
29% *20% 29% as’ M 30% Rio Grande & Western—
*00% 00
07%' *00
Do
pref.
68
122 ....... i *122 ..... 122
Rome Watertown & Ogd..
•last*
7% *6%
% •DM 7% t. ,T. & G. IsL, v o t tr. cts.
; i « a’o * 500
50
59
00
♦00
01
1st pref.
•19
21 % 520% 20% 20 20 *20 20% Do
Do
2d pref
•7% 7%
7% 7%
7J4 '•'K St» L. & S. Ft., vot. tr. ctfs
*1 H
02
6 ^ 1 63
03% 04*15 0 4 « 05%
63
Do
1st pref.
I2S% 28% i 29% 29% 29% 30% 30% SOJs
Do
2d pref.
55% 5%
46
0 St. Louis Southwestern...
5% 5%
5% 0
Do
pref.
11% 11%
11%! 11% 11?£ U K U K
•19
21
21
23
St. Paul & Duluth........
23% 23%
SS3
83
87
90
*90
95
Do
pref.
ie s ii 102% St, Paul Minn. & Man..
i e u i ioi>% 161% 102% 102%103
20% 20% 20% 20% 20% 20% sovl 2":)* Southern Paeilio Co.........
•8% 9
8*4 8% Southern, voting tr. ctfs..
m 8u
8M
8%
Do pref,, vot, tr. ctfs,
8114 32% savs 32K
319$ 31% 31% 82
exas & Pacific............
i m 512% 12% i m m
125* 12%
'175 180
178 178
178 179
hird Avenue (N. Y ,)...
175 180
‘ .............
20 ' .............. 20 ..... 20 *
20 Toledo & Ohio Central...
*20
40
•20
40
•20
40
*20
40
Do
pref.
Twin City Rapid Transit..
24
24% 24% 24% 24% 24% 24% 25%
nion Pacific R y ......
01M 02%! 62% 02% 02% 62% 62 Vi 0 3 «
Do
...pref.
5
5% On. Pac. Den. Sc G., tr. rec
4% 5%
5%
abash .
7% ? H •7 % m
7«
7»
JH
Do
pref.
20
19}* 12% 19% 20% 20
WK 20
x92% 92 M West Chicago Street........
93% 94
93% 93% 94
94
2
*2
2
1% 2
IK Wheel. &L. E., $2ass’tpd.
12
13
Do pref. $3 do
12% 13
•12VS 13
* 11 % 13
*2
*2
2%
*2
2%
2K Wiscon. Cent,, vot, tr.ctfs.
*5
8
•5
8
*5
8
Do pref.
do
80% 35% SSH 35% 35% *85
•82
8d
89
*88
87
*83
•53
57
5S
•54
58 | *54
117% 1104! 117
x% •1
1
6
•3
0
0
43
43% 42% 42% 42%
46
03
05
04% 65 I *rt3%
0
*170
•170 . . ... . *171
g
•0
8
*0
8
'0
\7U 117% 177* n m 17^i
43
•11% 41%
JIM
21 21
31
•it’M S li,
'180 ........t *180
*189
29% i • 20 %
|S* *00 08 •20%
§07% 67% i 07%
*0
17%
•4!
•ao%
♦180
53VO*
•60%
•131
•OH
•0M
157
s i * ISO^ M” ,
21
J18H i s -4 •19
7%
~H
•61
a l * *01
02
•28% 29
29
29%
§5%
S-H
•5H
•10& 11% ♦11
UH
♦19
•19
21
21
*82
80
§82
83
•100 100 *100 102
20
19U 20% 20
$8% S% •SH 9
*31% 31H 81% S1S4
• ia g 1 2 %
•175 178
178 178
•....... 20
20
*20
•20
40
40
12
Tuesday, Wednesday Thursday,
A u g. 2. j Aug. 3.
A ug. 4.
|Yo l .
pages)
.—
1 Lowest is ex dividend
S T R E E T R A I L W A Y S , &c.
Bid.
Ack. || JStrert K a il w a y s.
Cleveland City Ry. . . . . . . .
02)4
!U0
Cloval Cab-let5 b '09.J&J {100
103
60
Cleveland Electric R y ,...
Con 5» 1913....... M&S 5103
ilBK
49
Columbus (Ohio)—Stock.
Con Ob 1932...........J&J 101
CrdMt’wn-1 stSs’SSJ &D 100
1st
105 |Consol Tract'n (N J)—iS*e Phlla
12)4
90K Lake St iChlc)Elev-Stock
1st 6s 1928....... ,,.7&J 70
u m
Loulsv St Ry—5 p c bonds 5113
110
34
Common.............
272
90
list. 11 Preferred ................
Ask.
63
102
01
106
50
102
I (UK
list.
i!’ K
89
100
H ircnt it nil w a y s .
Love Elect True {Chic1...
I ,ynn& Bos-1at 5s ’ 24. J&D
Metrop West Side (Chic).
1st 5s 1942
F&A
Minneap St Uy-58 ’ 19.J&J
New Orleans Tr—Cbm,.,.
Preferred...... .
Notes 6a 1904----M&N
North Chicago—Stock..,.
1st 6s 1906-16.........J&J
No Shore Tr (Bost)-Com.
Preferred....................
5 Buyer pavs accrued
Bid. Ask.
. . . . . . ...•tt
5104% 105
8
5 SiH 55
•••»*
2
'" ii i
«k
75
210 . . . . . .
5104 105
1014 12
78
70
Intere stu*
1? !
Bid.
A kron AChlc Jnc. S«B & 0.
.^Alabama Cent. See Sou Ry.
Alabama Mid 1st gu g.. .1928 M-N * 90
Albany A Susq. See D A H.
Allegheny Val. See Penn Co.!
Am Dock A I. See Cen of N J.
Ann Arbor 1st g 4s.........1995 Q- Jt 85
Atch T & S F e gen g 4s .1995 A- O 95%
Registered.................1995 A -O
Adjustment g 4s......... 1995 Novt 72%
Week's
Range or
L ast Sale.
Range
fro m
Jan. 1.
BONDS.
N.Y. STOCK EXCH AN G E
W e e k E nding A u g . 5.
Ask. Low. High. No. Low. High
94
........
Sale
Sale
91
Jan.’ 98
91
87
86*
»
95
9 o « 1026
89% Mar’93 .••••J
70 H
7 2 * 1769
81
85
39*
53*
PRICES (5 pages) i."AQB L
i Interest
[ Period.
BONDS.
SLY. STOCK EXC H AN G E
W e e k E nding A u g . 5. *5£ '
P rice
F rid a y,
Aug. 5.
Bonds
Sold.
THE CHRONICLE.—BOND
A ugust 6, 1898.]
Price
F riday,
A u g 5.
263
Week's
Range or ii-2*
S©
Last Sale.
Bid. Ask. Low. High. No.
Ches & Ohio—(Con.)— •
Gen gold 4%s.............. 1992 M - S 87 Sale 84%
87 881
Registered................ 1992 M -S
R & A Dlv 1st con g 4s.l989 J - J 104 Sale 104
5
104%
15
2d con g 4s...............1989 .1 - J 91*
90
90
95
Craig Valley 1st g 5s.. 1940 J - J
95% May’98
Warm Spr Val lstg Ss.1941 M -S
Eliz Lex Sc B S gu g 5s. 1902 M -S 100*
103* J’ly ’98 ....
Chic A Alton sink fd 0s. 1903 M-N
113* Apr.’98
Lou. & Mo Riv 1st 7s..1900 F- A
108 J’ne’98 ....
2d 7s......................... 1900 M-N
107 J’ly ’ 9S
Miss Riv B 1st sf g 0s..1912 A- O
Chic Burl A Nor. See C B & Q.
8
Chic Burl & Q—Con 7s.. 1903 J - J 115* Sale 115* 115*
Sinking fund 5s.......... 1901 A -O
104% J’ly ’98
Debenture 5s...............1918 M-N 107% 108 107% 107% 25
Convertible 5s............. 1903 M -S 113% Sale 112* 113* 00
Iowa Div sink fd 5s... 1919 A - O
109% Feb.’98
i
102
4 s..............................1919 A -O 102 Sale 102
Denv Div 4s................ 1922 F -A * 98*
99% J’ne’98
4 s.................................1921 M -S
99 J’ne’ 9S
Chic A Iowa Div 5s... .1905 F -A
Nebraska Exten 4 s.... 1927 M-N 100% Sale 100
106% 33
Registered................ 1927 M-N
97 May’98 ....
..... 120 J’ne’ 98 ....
Han. A St. Jos con 0s.. 1911 M -S
4
no* no*
Chic Bur A Nor 1st 5s.l920 A -O m o *
Chlc&E 111—1st sf cur 0s. 1907 J - D 115* 117* 114% J’ly ’98
Small....................... ..1907 J - D
1st con g 0s..................1984 A- O 123
122 Apr.’98
4
General con 1st 5 s.... 1937 M-N 106 108 108
108
Registered...............1937 M-N
100% J’ne’ 98 ....
ChicAIndCRy 1st 5s. 1930 J -J 102*
102% J’ly ’ 98
Chicago A Erie. See Erie.
Chic Ind A Louisville—
115% J’ne’ 98
Louisv N A A Ch 1st 0s..’ 10 J - J
93
Chic Ind A L ref g 5s.. 1947 J - J * 91
90 J’ly ’98 ....
1
Refunding g 0s............1947 J - J *105
105% 105%
Chic Milwaukee A St Paul—
142 May’ 98
1st 7s $ gold R D........1902 J - J 145*
1st 7s & gold R D....1902 J J *145%
145 J’l y ’98 ....
1st Iowa A D 7s.......... 1899 J - J 145%
141 Apr.’ 98 ....
IstC A M 7s................ 1903 J - J 145*
1
140% 146%
Chic Mil A St P con 7s. 1905 J - J 145%
140*
145% J’ly ’98
1st I A D Exten 7 s... .1908 J -.1
1st Southwest Div 0s. 1909 J - J *117 130 117% May’98 ....
110 Mar’98
1st La Crosse A D 5s.. 1919 J - J
118% J’ly ’98
1st So Minn Div 0 s ....1010 J - J *118
129* 128% J’ly ’ 98
1st Hast A D Dlv 7s.. .1910 J - J
109 Oct.’97 ....
5s.............................. 1910 J - J
118% J’ly ’98
Chic A Pac Dlv 0s...... 1910 J - J ♦118
Chic A P W is tg 5s.... 1921 J - J 110 117 110% 110% 23
113% J’ly ’9S
Chic A Mo Rlv Div 5s. 1920 J - J ........
107 Mar’98 ....
Mineral Point Div 5S..1910 J - J
112 Apr.’ 98 ....
I Chic A L Su Div g 5s. .1921 J - J
114 J’ne’98
Wis A Minn Dlv g 5s.. 1921 J - J *113*
113 J’l y ’98
Terminal gold 5s........1914 J - J
127% Jan.’ 98
Far A Sou assu g 0a... 1924 J -J
Cont sink fund 5s...... 1910 J _.T *
114* 114 J’ne’98
Dak A Gt So g 5s........1910 J - J
lb
100
Gen gold 4s series A. .1989 J-J§ 100 Sale 100
105% Feb.’98
Q-J§
120 120 Mar’98
Mil A No 1st M L 0s. .1910 J
. -D
5
122 121
121
j - 1»
Chie A Northw—Con 7s. 1915 Q
< -F 141* 143* 142% J’ly ’98 ....
114 J’ly ’98 ....
Gold 7s....................... 1902 .J - 1) *114*
114% J’ly ’98
J - D •114*
1
119
A-O 119 Sale 119
115 J’iy ’ 98 ....
A- O
108 J’ly ’98
|A- O 108 i l l
107% J’ly ’98 ....
A- O
119* 110% J’ne’98 ....
M-N i i s
117 Mar’98
M-N
i
*- N 109 110 109% 109%
109% Mar’98
Registered ,
M-N
A - O 115 117* 112 May’98 ....
117% Feb.’98 ....
A- O
F- A 105% 107% 105% J'ne’98 ....
103 J’ne’98
F- A
147
M-N 102% Sale 102% 103
91
87
95%
89%
72*
Equip tr ser A g 5s... .1902 J - J| : : : : : : : : : : : :
Chic A St Louis 1st 0s. 1915 31- S
Atl Av Bklyn imp g 5s. .1934 J - J
1 95
99
98
98
Atlan A Danv 1st g 5s.. 1950 J - J 97
99*
Atlanta A Char. See Sou Ry.
Austin A N W. See So. Pac.
at Creek AS. See Mich Cen
84 100 118%
alt & O 1st 6s Pkbg Br.’19 A - O *113 114% 112* 113
110
117*
Gold 5s........,...1865-1925 F -A
80 117*
Coupons off....... .............. .. •••
95 113%
111%
Registered...... 1885-1925 F -A
in *
118 Sale i n *
113*
90 113%
110% Sale n o *
110% 10 97 110%
113% J’l y ’98
103 113*
Registered..............1988 F -A
0 97 110%
116% Sale 118* 118*
* ...... 100
100
100
j 84' 100
► .W V a iP 1st g 5s...... 1990 A -O
1 Monon Rlv 1stgug5s.l919 F -A ................
|.Cen Ohio R Istcg4% sl930 M- S 104% Sale 104% 104%
99 104%
ColAClnM Istext4%sl939 J - J_ ................
t](Ak AC J 1st Int gug 5s. 1930 M-N .................
104
Coupons off............................... 104 Sale 104
» 100 104
Pitta ACon ls t g 4s... 1940 J - J
................ 107% J’ly ’98
: 105%107%
BAO 8 W lstgug4%s.l990 J - J *102 103 101%
...................
101%
' 98% 103
00 J’ne’ 97
BAOSW Rycong4% s 1993 J - J * 74
1st lucg 5s ser A . ...2043 Novt .................. 27% J’ne’ 98
27
27%
Series B ................... 2048 Dect ....... ........
9 J’ne’98
8
9%
B 4 0 S W TerCogug 5s.’42 3I-N ............. , . ! ....... . ........
105% Jan.’98
Ohio Sc Miss lstcon Is.1947 J - J *........104
105%105%
.
.
.
.
120% 122%
2d consol 7s............. 1911 A -O ................. 122% J'ly ’98
35! 102% 107%
1st Spr’glield Div 7s. 1905 M-N 100% Sale 1105% 107
1st general 5s.......... 193* J - D .................
Seech Creek. See N Y C & H. j
Bel A Car. See St L A & T H.
Boonev Bridge. See M K A T.
Bway k 7th Av. See Met 3 Ry.
Bklyn City 1st con 5s 1910-41 J - J
................ 112
J’ly ’ 98
113 113
Bklyn El Tr Co cf 1st g0s 1924 ........1 91 ........ 91
79
91
98
Tr Co ctfs 2d g 5 8 .....1 9 1 5 ....... .................. »0 J’ne’ 98
80
80
3d Instal pd.......................
j .................. 08 May’98
! 08
8 ABBTCocfs lstgug5s’4 2 .......] ................... 70% Dec’97
3d Instal pd..................
13 I 80
Un El TrCo cfs lBtgug0s’8'
........ 91% 90%
91
92%
Bklyn Rap Tr g 5s......... 1945 A -O 104 Sale 103% 104 I 204 91 104
Bklyn
. k Montauk. See L Isl.
Bruns A West 1st g 4s.. 1938 J - J ..................
Buff N Y A Erie. See Erie.
Buff R A P gen g 5s...... 1937 M -S *100 ........ 100
100
8 104% 100
Debenture 0s..............1947 J - J ..................
Roch A Pitts 1st g 0s..1921 F -A .................. 127 Mar'98 ••• 127 127
Consol 1st 0s............ 1922 J - D 124% ........ 122 J’ly ’98| •• 122 123
Cl k Mata 1st gu g 5s.. 1943 J - J .................. 103 Apr’ 97 ...
Buff k Southwest. See Erie.
Buff & Susq 1st gold 5s.. 1913 A -O ..................
Registered....................1913 A -O
2 104%109
Bur G R A N 1st 5s......... 1900 J - D 1 0 8 * ........ 107
i ‘0‘7
107 ........ 107 J’ly ’98
100 109
Registered............... 1934 A - Ol
M A S tL 1st gug 7s.. 1927 J - D
C R I F AN W lstg 0s..’20 A -O
108 Dec’97
1st gold 5s.................. 1921 A -O ‘ ib*5%!!!!!! 105 Jan.’98
i o s " i ‘0‘ 5 "
anada South 1st 5s... 1908 J - J
107*111*
108% 108%
2 105 111
2d 5s........................ 1913 M -S 1........n o * 110
no
Registered....................1913 .11-S
100 Jan.’9 7
•CarbAShawn. SesStLAATH.
Carthage A Ad. See NYC A H.
C R I a F AN. See B C R A N.
Central Ohio. See Balt A O.—
Oen RR A Bkg Co of Ga.—
Collateral gold 5s........1937 M-N I
92% J’ne’ 98
87
93% Escan A L Sup 1st 0s.. 1901
'Cent of Ga Ry—lstg 5s.. 1945 F-A4 113 110 114% J’ne’98
114 119%
Registered .............. 1945 F-At
Consol gold 5s............. 1945 M- N
84% 92%
Registered...............1945 M-N
1st pref Income g 5s. ..1945 Oct.i
2d pref Income g 5s— 1945 Oct.4
8d pref Income g 5s. ...1945 Oct.t *
Mil L S A W lstg 0s.. 1921
M AN Dlv ls tg 5s. ...1940 J - J
Convertible deb 5s.. 190'“
Mobile Dlv lstg 5s.... 1940 J - J • 94%
Mid Ga A Atl Dlv 5s..1947 J -J ........
Cent of N J—1st con 7s. 1899 Q-Jt 102%
1st convertible 7s...... 1902 M-N ...................113% Dec’97
Incomes...................1911
Convertible deb 0s....l9O 8{M-N
............
General gold 5s.......... 1987 J - J
Registered...............198?|Q-Jt
_
Debenture 5s.
Leh A WB C eon as 78.1900 Q-Ml 100% 101
5s..............................1912 M-N
Am Dock A Imp Co 5s.l921 J - J
N J South Int guar 0S..1899 J - J
-Oentrai Pact 9o—
Speyer A Co ctfs dp A.1898|
Speyer A Co ctfs BCD. 1899 .
Ext g 5s series E........1898; J - J
Small....
Speyer A Co ctfs dep E.1900 .
Chic A St L.
Speyer A Co ctf FGHI.1901
San Joaquin B rg6s...l900 A -O .................. i02% J’ne'98
Chic St L A Pitts. See Pa Co.
Guaranteed g 5s......... 1939, A - O
Speyer A Co eng cts.
Land grant gold 5s----1900 A-O
C A O Dlv ext g 5s.... 1918 J - J 1
Western Pacific g 0s.. 1899 J - J
No of Cal 1st gu g Os.. 1907 J - ji
General gold 0s..
Guaranteed gold 5s.1938 A -O
, , ___ ____
Cent Wash 1st g 0s tr ctfs 1938............................. 40 Fe
Jhlc A West Mich:
Coupons off........
Charles A Sav Ut « 7s.. 1930 J - J
Ches A O—P M fd gs 08.1896 J - J ..................'101% Jan. 98
2d gold 4%s.
Gold 0s series A ........... 1908 A-Ot *119 ....... . 119 J’ly ’ 98;
Gold 0s......................... 1911 A-O? *119%....... 120%
120%
l
1st cons g 5s................ 1080 M-N 114% 115%! 115
115% 21
Olu SAC. See C C C A St L.
Registered ...............1939 M-N *115' 110 114 Feb.’OH ....
B
C
Range
fro m
Jan. 1.
Low. High
73* 37
99
90
95
’97% i04
112%113%
107 111
107 107
113% 118%
104% 107
104%109
104%113%
109% 109%
98 104
9'7 101*
99 lo o
95% 100%
97
97%
119 123
105 110%
1 1 4 *1 1 6 *
122 130
101% 108%
101 100%
100%109
112
80
90
115%
90
106*
140
148
137%145
140 144
138 146*
1 3 9*145 *
110 119*
no no
114^(121
198* 130*
i is m ’ *
111 117*
110% 117
107 n o
112 113*
111 115%
111 115
127% 127%
109 114
102 107
104%105%
120 122*
117 123
138 145
113 116*
na*i(1 16*
113»| 1192
114 115 .
100 i n *
107% 107%
111 118*
117 119
107% 110%
109% 109%
112 110%
117%117%
104 107
103 103
99 103
J -J
107% May’98
M- S
M -S
M -S
M-N *134*
117 Jan.’98
117
109 Mar’98 .... 109
105 Apr.’98
105
135% J’ly ’98
132%
F -A
J -J
M-S
M-N
J -J
J-J
M -S
•111*
*130%
*130%
127
127
♦107
105%
94
99*
100
107*
117
109
105
137
113% J’ne’98 .... 1 1 3*117 *
134 Mar’98
133 134
133 May’98
133 135
112 Apr.’98 .... 112 IIS
127%132
129% J’ly ’98
129 J’ly ’98
128 131*
107* 107 J’ly ’98 .... 104% 108
105% 550 102* 105*
J - J 105 Sale 104
103% May’98
103% 103%
J -J
94
2 85
94
94
J -J ♦ 90%
70 Feb.’98 .... 60* 70*.
J -J
107 J’ly ’98
103 109
A -O
J -D
M-N
A -O
J -J
M- IS
Q- D
J - I)
M-N
136
e>8
Sale 130
132
Sale
1 120% 188
130
J’ly ’98 .... 128 183
131 J’ly ’ 9fi _ 120 132*
82 79% 88
80%
88
. . . ... .
106 J’ne’97 ....
117% 122%
118* J’lv ’98
119
Oct.’97
110'
no
1 107* i l l *
• No price Friday; these are latest bid and asked this week, t Bonds due July. i Bonds due Noy. II Bonds duo June. V Bonds due Jan. i Bonds duo May.
OUTSIDE SECURITIES (Giv ek
at
foot
Bid.
S tr e e t R a ilw a y * .
Bid. Ask. [
(Jaa H ecurlric*.
Prov A Phw fck-l ut5s ’33 {105 106
West End—Sea Heaton Exch
15
Rlchra Ry*Klco-l»t 5s'20 $ 78
Worcester (Mass)Tr-Com
81
94*
Con 5s 1930......... A AO
90% 98% |
NEW YORK.
Scranton Traction....... 50 t 11%
fia................................. 100% 10 7% Central Union Gas—
1st 5s 1927............ JAJ {104%
80 Side El (Chic)—Stock.
59
00
Con Gas (NY)—Stock—N Y Stk
Twin City R Tr—Com..,.
20
10
Deb 5s 1908......... MAN 108
Irt5s i “ 3 3 ' .(..'.MAS {105
West Chicago ni..............
91
Con 1936 ...... ...MAN
107
94 %i
1st 08 1899...........FAA «io’i
Con. 5s 1932......... MAS { i n
Mutual Gas......................
of
7
c o n s e c u t iv e
pages).—
G A S S E C U R IT IE S , & c .
Bid. Ask.
G as S ecu rities.
Bid. Ask.
Gaa S e c u r itie s .
BROOKLYN.
New Amsterdam Gas—
oek
Common...........
31
81* Brooklyn UmGas—N Y St Exeh.E xch.
1st con 5s—N Y Stock
Pref...................
75* 70
1st consol 5s....
{101* 102* Williamsburg Gas—1st 08 {101* 102*
OTHER CITIES.
N Y & East River Gas—
Balt. List.
110 111% Baltimore Consolidat—Se eExch.
1st 5s 1944.......
Bav
State Gas—N Y Stock
104%
Consol 5s 1945.. ...JAJ 105 107
Excb Nor Un—
Boston UnitedGas Bonds- -Bosto nLlst
95
111
1st 5s 1927.........
90
Buffalo City Gas—Stock.. 23
24
Standard Gas—
1st 5s 1947...........A AO { 95* 96*
138 139%
162* 1..Common............
Burlington (la)Gas—Stck
150 101
110
Do preferred....
{And Interest. IPrico per sh a e.
1st 5s 1930......
335
{110 113
Ask.
1st,
17
90
THE CHRONICLE.—BOND
264
BONDS.
’ 5?
H .T.B T O O K E X C H A N G E i t
W x b k E nding a d g . 5.
F n ee
Friday,
Aug. 5.
Bui. Aik.
Otij A 8 Ex Balt a t *5*1938 J - D
OleartSeld A Mab. See BRAP.
C lA k A C e q A 3d * 6*..1980 F- A
Cl A Can 1st 60 tr rec... 1917 J - J
C C C A St L -G en g 4s..1993'J - D
Cairo Dir 1st gold 4s.. 1939 J - J
8t L Dir 1st col trg 4s.l990;M-N
Registered................1990 M-N
BprA Col Div latg 41.1940 M- 8
W W Val Dir 1st g 4a. 1940 J - J
90
Cln W ftM Dlv Utff 4*1991 J - J
100%,
Cln I 8t L A C latg 4a.l936j0Registered ...............1980 '
Consol 6s . . . . . ......... 1920j.i
Cln 3 A Cl con Istg5s.l928 J - J
a d B1 A W 1st pf 7s. .1900 J - J
0 Ind A W 1st pf 5s...l938'Q-J4
70 Sale
Peo A East 1st con 4s. 1940 A -O
Income 4s.................1990 A p r ........ 17
Cl C C A Ind lata f 7a...1899 M-N
Consol 7a.................... 1914 J - D
Consol sinking fd 7s,. .1014 .J - D
General consol gold 0*1934 J - J
Registered...... .....1 9 3 4 J - J
CAS 1st M C C C A17s. 1901 A - 0
Cl Lor A Wh con 1st 5s. 1033 A - O
Gler A Marietta. See Pa RR.j
Clev A Mahon Val g ES..1938 J - J
Registered........,,..1938 Qu-J
Oler A Pitts. See Penn Co.
Col Mldl’d—1st g 2-S-4s.I947 J - J 56
64
1st g Is........................ 1947 J - J
Col A 9th A t . See Met St Ry.
Colurn & Greeny. See So By.
Col H V A T ol-C on g 5s. 1931 M -S
80 Sale
J P M A Co eng cfs $65 pd.
General gold 6s......... 1904 J - D
58 .....
General lien gold 4s.,, 1996 J - J
Registered...............1996 J - J
Ool A Cln Md. See B A O.
Col Conn A Term. See NAW
Conn A Pas Rivs 1st g 4s.*48 A -0
ak A Gt So. See C M A StP.
alias A Waco. See M 1CAT.
Del Lack A Western 7s.. 1907 M -S
Syr Bing A N Y 1st 7*1906 A -O
Morris & Essex 1st 7s. 1914 M-N
7 a ........................ ...1900 J - J
7s..................... 1871-1901 A - O
Istconguar 7s......1915 J - D
Registered............ 1915 J - D
N Y Lack A W 1st 63.. 1921 J - J
Construction 5 s ...., 1923 F -A
Warren 2d 7s............. .1900 A - 0
Del A Hv»d 1st Pa Dlv 7s.l9l7 M -S
Regist M-ed................ 1917 M- S
Alb & S iS lstcongu?sl90fi A - 0 122% ......
Registered.................1906 A - 0 120 ....
Gold 6s.................,.1906 A - 0 115% 117
Registered............. 1906 A - 0 114 . . . . .
Rena A Sar 1st7s......1921 M-N 1 4 2 % .....
Registered............1921 M-N 141 ......
Bel Hi7 RR Bge. See Pa RR.
Den Con Tr Co 1st g os..1933 A- O
Den Tram Co con g fis.1910 J - J
Met Ry Co 1st gu g 0S.1911 J - J
Dan A R G rist gold7s.. 1900 M- N 110% ......
1st eohg 4s..................1936 J - J
06% Sale
94%
Improvement gold 5a. 1928 J -D : 94
Des M A Ft D. See C R A I P.
Des M A Minn. See Cb A N W.
D qb M Un Ry 1st, g 5 s,, .1917 M-N
Det MAToL See L S AM 80.
DetA Mack 1st lieng 4s.l995 J - D
Gold 4 s . .................... 1995 J - D
Dttl A Iron Range let5s. 1937 A -O
Registered............. ....1937 A -O
2d lien mortgage 6s. ..1916 J -J
Dal Red W A S 1st g 5s. 1928 J -J
Dttl 80 Shore A At g 5s. 1937 J -J
j'ast of Mtnn. SeeStPMAM.
last T Y s A Ga. 8 e£M\oRy.
Eliz Lex A B 8. See C & O.
Elm Cort A No. Se^LehANY.
Erie 1st ext'g 4a.........1 9 4 7 M-N 113 .
2d ext gold 5s.... . . . . . . 1919 M -S 118 .
3d ext gold 4%a....... ..1923 M -S 112 .
4th ext gold 5b. .... ...1920 A - O ‘117% .
5th ext gold 4a...... ..1928 J - D '102 .
1st consol gold 7s...... 1920 M -S
1st consol gold fd 7s.. 1920 M -S
Long Dock con gold 6s. 1935 A-O
Buff N Y A Erie 1st 7s. 1916 J - D
Buff A 8 W gold 6s .... 1908 J - J
Small . . ........................... J - J
Jeff RR 1st ga gold 5*1900 A -0 3 *104 ......
Chic A Erie 1st g 5 s... 1982 M-N 113 Sale
Coal A RR 1st c git 08,1922 M-N
Dock A Imp 1st Cur 6s. 1913 J - J
N Y A Greeu L gu g 5*1946 M-N ■105 .......
Small..................................
■rle 1st con g 4s pr hds.1996 J - J *93M Side
Registered................ 1996 J - J
1st eon gen lieng 4a— 1996 J - J 75 Sale
Registered................ 1996 J - J
N Y S A W—1st ref 6*1987 J - J 105 ......
92
2d gold 4%s.............. 1937 F -A * 88
Genera! g 5s............. 1940 F- A
80% Sale
Terminal 1st g 5s.... 1943 M-N
Regis 85.000 each. 1943 M-N
WllkAKasl stgug 5a 1942 J - D * 08
Mid RBofN.I lstg 6sl910 A - O
. 124
■•can A L Sup. See CAN W.
Eureka Springs 1stg 6s. 1933 F -A
ter A T H 1st c-n 6 * .... 1921 J - J >114 .......
85 Sale
1st general c o ld 5 a .... 1942 A - 0
Mt Vernon 1st o»........1923 A - 0
Bull CoBr’eh 1stg 0*. 1930 A - 0
Ev&Indl irt con gu g fig.. 1926 J - J
Fargo A Bo. See Ch M A StP .l
Week's
Range or
Last Sale.
Range
from
Jan. 1,
Low .High. S o. Low. High
70
82
88
00«
0C
J’no’98
J‘ne’98
J‘ne’ 98
J’ly *98
Mar *08
76
76
161* J’ly *98
103% J’ly *98
135% J’ly >98
57%
89
Oct.’07
80
Feb.>98
89
122 Apr.’ 98
196 J’ly *98
140 J’ly '98
109 NOV’97
1101* J’ne’98
139 J’ne’98
136^ J’ly ’98
11816 Nov’9^
108
108
143 May’98
148 May’97
12314 J’ly ’ 98
115 J’ne’ 98
117 Feb.’ 98
148M Aug197
141 May’98
90% J’ne’ 98
J’ly ’ 98
118 J ’ly ’98
119% 11014
111% J’ne’98
117 J’ne’98
104% J ’ne’98
143 J’ly ’98
140 May'98
137 J’ly ’98
133 J’ne’ 98
12
105% Oct.’ »7
90
98%
73%
75
23
10.5 J ’ly ’ 98
92 J’ly ’98
89%
92
109% J’ly ‘ 08
120
98
J’ly ’98
J'ly *98
65
114
85
Nov*97
J’ly ’98
85
77% Feb.'98
Bid. A.sk, Low. High. No. Low.
4 110
117% Sale 117% 117%
94
94
18 85
94 Sale
A - 0 * 9 5 ......
83
92 J ’ly ’98
J - J •103 ......
J -J
J -J * 95 100
Pt Huron Dlv 1st g 5*1939
73% Fla Cen A Pen 1st g 5s.. 1018
82
1st land gr oxt gold 5* 1930
90
Consol gold 5s............ 1943
98% Ft S A V B Bge. See St LAS F.
98
Fort St D D Co Istg4%sl941 J - J
74 Sale
Ft W A D C—1st g 4-fia, 1921 J - D
S T ’ 88% Ft W A RSo Gr 1st g 3-4b. 1928 J - J 02% Sale
80
90
Fulton Elev. See Kings Co El
98% 101
Jal Har A S A. See S P Co.
93% 05
*al HAH o f *82131 5*1913 A108%.......
Ga A Ala Ry 1st pf g 5*1945 AGa Car A No 1st gu g 5s. 1929 J
Georgia Pacific. See So Ry.
Grand Rap A Ind. See Pa Co.
70
79
an A 8t J. See C B A Q.
14
19
ousatonic. See NYNHAH.
102 105% Houst E A W T let g 5s. 1933 M-N ' 93
131%137
Houa A Tex Cen. See So P Co.
llinois Cent 1st g 4s... 1951 J -J 109% ,
127%127%
Registered............... 1951 J - J 109% .
1st gold 3%s....... ......195 1 J - J
Registered......... ,...1951 J - J
100 103
1st gold 3s Bterlmg---- 1951 M -S
Registered................ 1951 M -S
Coll Trust gold 4s...... 1952 A - 0
Registered................ 1952 A -O
102%
L N O A Tex gold 4s.. 1953 M-N
Registered...... .
1953 M-N
Coll tr 2-10 gold 4 s.... 1004 J -J
Registered.. . . . . . . . . . 1904 J - J
Western Line 1st g 4s. 1951 F -A *103 105
Registered ............ .1951 F- A
70% 82
Louisville Div g 3%s .1958 J - J ' »4% Sale
54
61
Registered . . . . . . . . . . 1953 J - J
79
St Louis Dlv g 3s...... 1951 J - J
Registered..............1951 J - J
93% 94
Gold 8%s.......... .....1951 J - J
Registered......... .1951 J - J
Cairo Bridge gold 4 s..1950 J - D
Registered...............1950 J - D
Middle Div reg 5 s ,.... 1921 F -A
Spring Div 1st g 3%s. 1951 J - J
122 128
125%126
Registered ............... 1951 J - J
Chic St L A N O g oh. . 1061 J - D
137%144
Registered ............... 1951 J - D
Gold 3 % s ...............1951 J - D
107" 118%
Registered............1051 J - D
136 142%
Mom Div 1st g 4 s .... 1951 J - D
Registered............. 1951 J - D
136%138%
Bellev A Car 1st 6S....1923 J - D t ie
94
St L Sou 1st gu g 4 s.. .1931 M -S
108 108
Garb A S 1stg 4s........1932 M -S : 91
143 143
Ind Bi A W. See C C C A St L.
120%125% ind Dec & W 1st g 5s.... 1935 J - J 101
Ind 111 A la 1st gold 4s. .1039 J - D 1 88
1st ext gold 5 s.........104 3 M -S
110 118%
Int A Gt No 1st gold 08.1910 M-N 121 Sale
117 117
2d gold o s ... ,...,.........1909 M -S
90 Sale
3d gold 4s.....................1921 M -S
58
59
Iowa Central 1st gold 5s. 1938 J - U 108% gate
Iowa Midland. See Ch & N WJefferson HR. See Erie.
al A A G R. See 1, S A M S.
an A Mteb. See Tol A O 0.
108 111
87% 96% K C A MUAB 1st gug 5s. 1929
85% 94% K C P A G 1st A col g 03.1928
Kan C A Pac. See- M E A T .
Kansas Mid. See St L A S F
Kentucky Cent. See L A N.
97 100
Kook A Des M. See C R 1 & P.
50
58
Kings Co El ser A 1st g 5s "25 J - J
Pul El 1st gu g 5a ser A. >29 M -S
104 110% Knoxville A Ohio. See So Ry.
ake Erie A W 1st g 5s. 1937 J - J
2d gold 5s................ 1941 J - J
Sale
. 101
North Ohio 1st gu 5 s.. 1945 A -O
92% 92%
Lake Shore & Mich South—
101 107
D etM onA Tol 1st 7s. 1900 f - A
Lake Shore divid 7s... 1890 A - O
Consol 1st 7 s .......... 1900 J - J '105% .
Registered ........1 9 0 0
105% .
Consol 2d 7s.............1993 : »
112 116
Registered......... .. 1003 J - D
116% 110%
Gold" 3%s..................1997 J - D 105%106
108 111%
Registered,. . . . . . . . 1997 J - D
118 118
Cin&Sp IstguLS&MS7s 01 A - 0
104% 105
K A A G R 1st gu c5s. 1938 J - J
138 147%
Mahon Coal RR 1st 5**34 J - J
140 143
Leh Val (Pa) coll g 5s . J99 M-N
133%139
Registered................. 199 M-N
133 133
Leh V N Y 1st gug4%s.. 1940 J - J
Registered .................. 1040 J - J
Leh v Ter Ry 1stgu g 5s 1941 A - O
100 106
Registered . . . . . . . . . . . . 1941 A- O
108 113
L V Coal Co lot gu g 5a.. 1938 J - J
Registered...................1938 J -J
Leh A N Y 1st gu g 4a... 1015 M -S
Registered...................1945 M- S
HI C & N 1st g l at pfOft. 1914 A - 6
84% 08%
Gold guar 5s............. 1914 A - 0
60* ’ "75“ Leh A Wllkesb. See Cent NJ.
Leroy A Caney Val. See Mo P.
99 1089* Lex Av A P F. See Met St Ry.
Lltch Car A W latg 0s.. 1916 J - j
84% 92
Little RAMem ls tg 5fl 1937 ?
83
98
Trust Co oertfa,
109%111%
Long Dock. See Erie.
' 98% i o i i j Long Island—
lstco n g S s................ 1931 Q-JS
, 120
114%121
1st con g 4 s ............... 1931 Q-J§ 100
General gold 4 « ........ 1038 .1 - d 8fi
Ferry 1st gold 4%s.,..1922 M -S
80
112 118
Gold 4 s ..................... 1932 J - D
82
86%
Debenture gold 5s......1984 J - r>
N Y A R B 1st g 5a... .1927 M- g
2d Income.,............ 1927’ Sop
77% 78
N Y B A M B con g 5s. .1035fA - O
L
92% Feb.’ 98
107 J’ne’ 98
Feb.’ 98
113
Rang 6
fro m
Jan. 1.
Week's
Range or
L ast Sale.
High
117%
95
92%
105 105
105 Mar *98
73%
74
137 05
75%
0m
63% 135 54% 63%
93
103
93
88% 94
94
Aug’07
J’ly *98
03%
388 b
93%
04
115 Mar ’08
109% J ly '08
105 Mar'Of'
102% Apr.’ Og
113% 115
108% 109%
105 105
102% J’ly >98
103 Apr.’ 0S
100 104
103 103
97%102%
101 101
101%
101
101%
101
99
Mnr’ 0*
Sep. >07
105
J’l y ’98
101
102%
105
' 93%
*94%
929* "94%
93%
04
92% 94%
121% J’ly ’08
118% Apr ’0“
115%123%
108% Jan.*08
103%103%
90
Nov'*9
97
100% J*ly’ 98
86 Jan.*98
104
86
88
116
78
44
07
128%
90
60
103%
05
81%
50
J ’ly ’98
40
85
50
49
116
May’98
J’ue’ 98
115
95
117%
104%
102
100
102
121
121
121
89%
58%
102
121
00
58%
103%
K
111
96
9614
941£ J’ly *98
106
113
LXVII.
A Pore M g fia— 1920 A -O
Flint
1stoonaol gold 5 s.... 1939 M-N
I
12794 May'98
D
E
Price
Friday,
A u g , 5.
[V ol .
H
107% OcL’97
103 May’98
106
£BONDS.
uo
N. Y. STOCK EXCH AN G E i C
W eek E nding a d g . 5.
(
114 Oct,’97
107% Feb >9'
111
(5 pages) Page 5J.
69%
82
88
90%
00
80 J’no'OS
00
90
90*4 May’98
75
79
6i
PRICES
IS
56
49
102
102
121 Apr.’ 98
106% Feb.>98
105% 105%
105% J’ly ’08
115% J W 9 8
115% J ’ne’98
104% 100
103 Mar’98
108% D ec’0
125
J06 100%
105% n o
105% 109%
115% 120%
I 15% 119%
94 102 106%
103 105
Deo’97
101% J’l y ’98
99
104%
112 J’l y ’ 98
109% J>ly >0?
02% Mar *98
107
112%
92
Feb.’ 98
02% ‘ 92%
*9*2 ’ 92*
101** Sep.’S
110% J’ne’ 98
90 J’ ne’ 98
86% Apr.’98
100
85% 90
80% 00
May’97
107% Deo’07
>No price Friday; these are latest bid and naked this week, f Bonds due August, t Banda duo April. ||Bonds due January. $ Bonds duo July,
OUTSIDE SECURITIES (G ite *
at eoot of
G « b S e c u r itie s.
Bid.
Bid. Ask. ]
G a* SecnrirlfiB.
Consum Gas (J City)--Stk 75
Charleston (3 C) Gas...20 t ........ 18
100
Detroit Gas—
NY 8toc k List.
104
Chicago Consumer!? 1st 5s
Consol 0s 1918—Sec N. Y. Ex.
Chicago Gas—See N Y 8to ck Ex cn.
90
194% Denver Consolidated G ib
Cincinnati Gas A Coke..,
Fort Wayne (Ind)—8to :k 78
jlty Gaa (Norfolk Ya). . .. *86** 88
latflH 19 25........... JA.J 86
98 105
70
Columbus (O) Gas—Stock 84% 80% Grand Rapids—Stock......
l&tOs 1915...........FA A ? 99%
let 5s 1932............J&J 5 99 102
Hartford (Ct) G a sL ...25 f 42
Consohdat Gas (Balt) See Balt L 1st.
21 i Indiana NatA III Gas—Stk 54
Consolid Gas (N J)—St.ck 18
1*.t « r 1908 ........ MAN
RR
«n
71
1c»
ipqo.
1H
7 oon'SEOCTtifb pages ).— G A S S E C U R IT IE S , &o
Gits H ccn rlilen .
Indianapolis Gas—Stock.
1st 0s 1920.......... MAN
Jersey City Gns Light---List, Laclede Gas—N Y Stock
Lafayette (Lud) Gas—Stk
95
1st 0s 1924........M AN
Loganspl A W ab Val—Stk
77
1st fig 1925 ......... J&J)
88
Louisville Gas L ight.
80
100% Madison (W li) Gas—Stck
1st 6b .1910...... ...A&O
45
Memphis Gas.........
50
Minn Gu* Or 1010--- MAS
73
Ask.
78
101%
Bid. Ask. (
115 125
105 100
190
Excb.
75
78
91
88
53
55
74
72
90
fio
fi5
i 98% 100%
$103
105 i
G a s S e c u r it ie s ,
New Orleans Gas Light..
Ohio A Indiana—Stock...
1st 0s 1926 ...........J&D
Peoples Gas A Coke—N Y
Philadelphia C o.......... 50
Pittsburg Gas......... ...50
New 5 s .........................
Portland (Me) Gaa L...50
St.Joseph (M o ),.............
5s 1037..................J&J
St Paul Gas—Stock.........
Consol 5e 1944 __ MAS
Bid. Ask.
105« n o *
54
57
69
72
Stock Exch
f ........
H85
105 100
t 85
00
34 , 88 H
90
92
44
50
$ 80
82
per sh are.
BON DS
m .Y . STOCK E XC H AN G E
£|
I c
P rice
F riday,
Aug. 5.
W e e k E nding A ug . 5.
Bid. Ask.
Long Island (Con.)
Bklyn A Mon 1st g 6s. 1911 M
1st 5s........................ 1911 M -S
Nor Shb lstcon ggu5s..’S2
N Y Bay Ex R lstgu g5s’ 43 T - j ..................
Montauk Ex gu g 5s. ..1945 J -J
La A Mo Rlv. See Chi A Alt.
LE<kStLConcng5s.l939. /
Tr Co oerts.......................)
General gold 4s........... 1943 M -S
Lou A Nash—Cecel Br 7s 1907 .11-8 *100 ........
N O A M ls tg 6s....... 1930 J -J *118
2d gold 6s ................. 1930 J -J *108* 110
E H & Nash lstg 6s...1919 J - D ........115%
General gold 6s............1930 J - D ........120
Pensacola dlv gold 6s. 1920 II-S
St L dlv 1st g 6s....... 1921 11-8
2d gold 3s................. 1980 11-8
Nash A Dec 1st 7s...... 1900 J - J
Sink fd (3AA) g 6s .... 1910 A -O
8 k N A congu g 5s----1936 F-A
Gold 5s........................1937 1I-N
91 Sale
Unified g 4s................. 1940 J - J
Registered................1940 J - J
Pens k Atl lstgu g 6s. 1921 F- A *100 ........
Coll trust g 5s............. 1931 M-N
LANAMAMlstg 4*s. 1945 M -S
N Fla k 8 lstgu g 5s ..1937 F -A : : : : : : : : : : : :
Kentucky Cent g 4s... 1987 J - J •........ 92
L Cln k Lex g 4 * s....l0 3 1 M-N *100 ........
L k Jeff Bge Co gu g 4s. 1945 H - 8 ............... .
L N A k C. See C I 4 L .
Louis Ry Co lstcon g5s. 1930 J - J •110 ........
ahon Coal. SeeL8 k M 8.
anhattan Ry con 4s. 1990 A - O 90* Sale
Metropol El 1st g 6s ... 1908 J - J 1169*117*
2d 6s......................... 1899 M-N 10291 Sale
Man 8 W Colonlx g 5s... 1934 J - D
Market St C Ry ls tg 6s. 1913 J - J
McK’ pt k B V . See P McKAY.
Metropolitan El. Sea Man Ry.
Met 8t Ry gen c tr g 5s.. 1997 F -A 113% Sale
BwayA7th Avlstc g 5s. 1943 J-I) •120 121
Registered...............1943 J - D
ColAOthAv 1st gug 5s. 1993 M -S ♦121 121*
Registered...............1993 M
Lex A v A P F 1st gn g 5s.’93 M- 81 •121 ........
Registered...................... M -S
Mex Cent con gold 4s... 1911 J - J
1st con Income g 8s... 1939 i J’lytl
2d con income g 3s... .1939 J’lyt ..................
Equip k coll g 5s........1917 A -O : : : : : : : : : : : :
Mex Internat 1st con g 4s.’77 M -S
Mex Nat 1st gold 6s......1927 J- D : : ::: : : : ::: :
2d Inc 6s A Cp stmpd. 1917 M-St
2d income gold 6s B..1917 An.t
Mex North 1st gold 6s. .1910 J-I) • 97 ........
Registered..................1910 J - D
Mich Cent—lstcon 7s.. 1902 n-N * 1 1 3 * -----lBt con 5s.................... 1902 II -N •105 100
6a................................. 1909 M- S
5s................................. 1931 I I - S
.... .......
Registered...............1931'
i s ................................. 1940 n
Registered...............1940 j - j
Bat C X Stur 1st gu g 3s ’89 J - D
Mid of N J. See N Y Sus k W
Mil El Ry A LaO-yrg Ss.1026 F -A
M L 8 k W. Set, Chic A N W
Mil A Mad. See Chic k S W
MU A North. See Ch M A 8t Pi
Mil A St P. See Ch M A St P
Mlu A St L gu. See BC K AN
Minn A St I— lstg 7s .1927 J - D 140 ........
1st cons gold 5s......... 1934 M- N
Iowa ex 1st gold 7s... 1909 J - D
South West ex 1st g 7s. ’ 10 J - D ..................
Pacific ex 1st gold 6s .1921 A -O I
M A P 1st 5s st 4s int gu. .’36 J - J
M SSMAA 1st g 4s lot gu.'20 1 - J
M StPASSM con g 4s int gu'38 J - J
Minn St Ry 1st con g 0s. 1919 J - j j ..................
Minn Un. See St P M A M.
Mo Kan A Tex—1st g 4s. 1990 J - D| 9 0 * Sale
2d gold 4s................... 1900 F-AI 03% Sale
1st exten gold 5s........1044 M- N ........ 88
M K AT of T 1st gu g Ss. '42 M- S 85% Sale
K C A Pac 1st g 4 s.... 1090 F -A
74 Sale
Dal A Wa 1st gu g 5s. 1940 M-N • 61 . .... .
Boonev UdgCogu g 7s..'06 11-N
Tebo A Neosho 1st 7s. 1903 J - D
Mo K A E lstg u g 5s. ..1042 A -O 100 gale
Mo Pao—1st con g 8s . . .1920 M-N 105% Sale
8d 7s............................1906 M- N 110 112
Trustg 5s................... 1917 M-St 84 Sale
Registered...............1917 M-St.
1st ooll gold 5s...........1920 F- A 77 Sale
Registered...............192o F -A
Pac K of Mo 1st ex g 4s.’ 38 F- Ai 10391 Sale
2d extended gold 5s. 1938; J - J
...... ...........
Verd V I A W lstg o s ..*26* IILeroy A C V A L Istgfta *26 J - J
StLA IM t lste x tg 4 * a .’47 F-Al!
2d ext g 5s................1947 m - n
Ark Brunch ext g 5s. 1935 J - D
Gen con ry A Id grt g 5a ’311A -O 100 Sale
Gen con stainpgtd g 5s ’31 A -O ;
Miss Rlv Bdge. SseChicAAlt
MobABlrm prior lien g5s.’45 J - J
Small............................... |J - J
Income gold 4s............1945 J - J
Small...............................
Mob A Ohio new gold 6s. . ’27 J - D
1st extension gold 6s. 1927
General gold 4s..........1938 £:J4 80 Sale
Montgom Dlv 1st g 5s 1947
100 Sale
St L A Cairo gu g 4s .. 1931 j - j
Mohawk A Mai. See N YC A H
Monongahela Rlv. Set B A Ol
Mont Cent. Set St P M A M.
M
Bonds
Sold.
THE CHRONICLE.—BOND
A ugust 6, 1898.]
Week’s
Range or
L ast Sale.
Range
from
Jan. 1.
Low. High. No. Low. High.
.....................
105
32
120%
" i 100
113
110*
J’ly ’98
105
30
124*
108
117
120*
105
100% J’ly ’98
04 i o i
104 J’ly ’08
100* 104*
*62 83
88%
91
91*
103* 103* 40 96* 109
103* 104% 55 101* 108%
109* J’lv ’98
108 109*
98 J’ly ’98
87* 98
90 J’ly ’98
85
91
108 Jan.’98
103 103
109
00%
110*
102%
112%
120%
121
120
63
70%
13
97
Mar’98
103
109
51 90
98*
2 114*119*
2 101 105
90*
110*
102%
113%
120%
88 108*110%
25 114* 122*
121*
12 116
123%
J’iy ’08 . ... 117
123%
Apr.’08
03
64
77%
66*
70 * 77*
J’ly ’97
Feb’97
11 4% J’iv ’98
102* May’08
122 Feb.’OM
121% J’ne’9*
125* Jan.’98
106 Feb.’ 98
108 Jan.’WS
143
J’ly ’ 97
127
Nov’97
110 115%
102* 100%
122 123
121 127
125*125*
100 100
108 108
100* 108%
89*
90% 281.
03 *
H5%
83% Jan.'9*
84%
86 r«8|
22
74
75
80 May'98
32%
57
83%
80
71
75
91%
07*
83%
86
75%
84%
27 93* ion
100
100
104* 105% 379 93 105%
103* 112
110 J’ly ’98
79 *
84 261 05* 84
77
77 *
103% ' 103%
106% J’ly ’98
60
77%
.H
10! 100 106
I 0 S * 109
1107*
108 May’OK
107* .r iv ’98 .... 102*
102
105% J’ly ’98
99
100 108 I 88
97 J ’ly ’98 .... 80
BONDS.
N.Y. STOCK EXCH AN G E
W e e k E nding A ug . 5.
Montauk Ext. See Long Is.
Morgan’s La A T. See S P Co.
Morris A Essex. See Del LAW
ash Chat A St L 1st 7s.’ 13 J - J
2d 6s...................... 1901 J -J
1st con gold 5s............1928 A -O
1st 6s T A P b ............. 1917 J - J
1st 6s McMM WAA1.1917 J - J
1st gold 6s Jasper Bch.1928 J - J
Nash Flor A Shef. See LAN
New HAD. See N Y N H A H
N J June RR. See N Y Cent.
N J Southern. Set Cent N J.
New A Cln Bdge. S««PennCo
N 0 4 N E prior lien g 6s. 1915 A-07
N Y B A Man Bch. See L I.
N Y Bay Exten RR. See L l.
N Y Cent A Hud R—
1st 7s........................... 1903 J - J
Registered...............1903 J - J
Debenture 5s of. 1884-1904 M -S
Registered ....1884-1904 M -S
Reg deb 5s of .. .1889-1904 M -S
Debenture g4s.. 1890-1905 J - D
Registered...... 1890-1905 J - D
Debt certs extg 4 s .... 1905 M-N
Registered................ 1905 M-N
G 3 * s ...........................1097 J - J
Registered................ 1997 J - J
Lake Shore col g 3*s.l998 F -A
Registered.............. 1998 F -A
Mich Cent coll g 3 * s .. 1998 F -A
Registered...............1998 F -A
Harlem 1st 7s............. 1900 M-N
Registered................1900 M-N
N J June R gu 1st 4s .1986 F -A
Registered............... 1986 F -A
West Shore 1st 4s gu.2361 J - J
Registered............... 2361 J - J
Beech Crk 1st gu g 4s. 1936 J - J
Registered................1936 J - J
2d gu gold 5s........... 1938 J - J
Registered................ 1936 J - J
Clearfield Bitum Coal Corp
ls t s f Int gug 4sserA .’40 J - J
Small bonds series B. .’40 J - J
Gouv A Oswe lstgu g 5s.’ 42 J - D
R W AOgcon lstext5s.’22 A-O*
Nor A Mont 1st gu g 5s.’ 16 A -O
R W A O T R lstgu g 5s. 18 M-N
Oswe A R 2d gu g 5s.. 1915 F-AI
Utica A Blk Riv gu g 4s.’22 J - J
I Moh A Mai 1st gu g4s.l991 M -S
Cart A Ad 1st g’u g 4s. 1981 J - D
N Y A Put 1st con gu g 4s.’93 A - O
1 N Y A North lstg 5s.. 1027 A -O
N Y Chic A St L lstg 4s.l937 A -O
Registered.................. 1937 A -O
N Y & Greenw Lake. See Erie
IN Y A Har. See N Y C A Hud. i
1N Y Lack A W. See D L A W
N Y L E A W. See Erie.
N Y A Man Bch. Set Long Is.'
N Y A N E. See N Y N 11 A II,
N Y N H A Hart lstreg 4s.’03 J - D
Convert deb certs $ 1,000 .. A -O
Small certfs$100...........j
I Ilousatonic Rcon g 5s. 10371M-N
N H A Derby con 5s... 1918| .M-N
( N Y A N E 1st 7s........1905 J - J
1st 6s........................ 1005! J -J
N Y A North. See N Y C A U.
N V O A W con 1st g 5s. 1030 J - I )
I Refunding 1st g 4s----1992 M-SI
1 Regis 25,000 only... 1092 M-Sl
N Y A Put. Set N Y C A H.
|N Y A R B. See Loug lt»l.
IN Y 8 A W. See Erie.
N Y Tex A M. See- So Pac Co.
North Illinois. See Chi A NW.
North Ohio. See L Erie A W.
Northern Pacific—
Gen 1st RR A L G sfg 6 s.’ 21
Registered................ 1021
8t P AN P gen g 6s ... 1928
Registered ctfs........1923
Prior lien r A 1 g g 4s. .1007
Registered................ 1997
General lien g Ss........2047
Registered.............. 2047
Nor Pac Ter Co 1st g 6s. 1933
Nor Ry Cai. See Cent Pac.
Nor Wls. See C St P M A O.
Nor A South 1st g 5s... .1041
Nor A West gen g 6s .... 1931
Now River 1st g 8s .... 1932
Imprvmt A ext g 6s .. . 1934
C C A T 1s tgu g 5s.. . . 1922
Scio VAN E lstgu g4s.l989
N A W Ry lstcong 4s. 1996
Registered...............1096
Small........................1996
Nor A Mont. See N. Y.Cent.
<
A L Ch 1st con 6s.. 1920
y j Income................... 1920
Income small.....................
O Ind A W . Set C C C A St L.
Ohio A Miss. See BAO SW.
Ohio River RR 1st g 5s..l936
General gold 5s...........1937
Ohio Southern 1st g 6s.. 1921
General gold 4s........... 1921
Eng Tr Co certfs.............
Om A St L ls tg 4s........1901 J - J
Ore A Cal. See So Pac Co.
OreRy A Nav 1st s f g 8s. 1909 J - J
Ore RR A Nav con g 4s.. 1946 J-D
Ore Short Line 1st g 6s. 1922 F-A
Utah A Nor 1st 7s...... 1908 J - J
Gold 5s..................... 1926 J - J
N
................
33 * J'ne’98
9 * Aug’97
106 Nov’97
121* J’ly ’08
108
108
113% J’ne’98
118 J’ly ’98
103* Sep.’97
121 J’ly ’97
PRICES (5 pages) P a g e 3.
110*
107*
108
100*
07
...J
118*123
121% J’ly ’98
119 Dec’07 ::::
80*
134 70
78
80
21 97* 100
9 8 * 100
P rice
F riday,
Aug. 5.
Bid.
265
Week’ 8
Range or
Last Sale.
Range
from
Jan. 1.
Ask. Low. High.
Low. High.
129 Sale 12 9
190
........106
105% Nov’97
103 Sale 103
103
10*6“ 105**
116
116
113% 119*
113* 119
128
131*
118% 116?
115* J’ne’9;
110 % J’ne’98
110% J’ly ’98
109* Sep.’9?
104*
104% J’ne’98
104
104% Feb.’98
104% J’ly ’ 98
104*
104
104% J’ne’98
105
105* J’ly ’9S
104
104% J’ly ’98
95* Sale 94*
96*
94* J’ly ’98
94* Sale
95
93%
102 105
104% 104%
100* 105%
104 105
105% 107
104% 104%
94
96*
9 4 * 95
91% 95
107% .
107% .
107* J’ne’98
107% J’ne’98
103 May’97
107* 109^
107%109*
110 Sale 110
110
100% Sale 109% 109%
108* Nov’97
106 J’ne’ 98
102% 110*
101* 110
110%
110%
110 %
05
100
100
J’ly ’98
112
111%
100
106
95
95
119* 128*
123* J 'ly ’98
107* J’ne’97
124
......
126* 123 J’ne’ 98
107 105* 106
104 Apr.’98
123
IQ 100
104
126
107*
104
104* Oct.’97
157* J’ne’98
153 J’ne’98
125% F eb’97
145
145
157*
153
119 Feb.’98
........ 121
*113%........ 113* J’ly ’9S
*106
100
106% 100*
101%
100*
100 %
100*
112* J’ly ’98
........114% 110 J’ne’98
124 J’ne’98
127 J’ly ’98
100* Sale
99% 100* 890
93* May’98
04
05 593
84% Sale
112
102
121*
124
117
101
89
83
85% Sale
♦ 90
84*
98* Sale
125 ......
115 ......
100
106
90
109
102%
112
112
124
124*
119*
119
126
127
00% 100%
03
57
97
65*
J’ly ’98
104
113%
J’ne’ 98
J’ly ’98
3
124
Feb.’9*
Feb ’97
1
99
85* 298
102
120
118
117
105
125 4
124
119*
Jan.’98
102
'82** “89“
74% 85%
05
102
83
119 119
113* 113*
......
83*
14*
10
78*
J’ly ’ 98
Feb.’98
J’ne’ 98
J’ly ’98
112
112
97%
98*
125* 125*
121 J’ne’98
102 May’07
102
80 ' 84%
11
15
10
14%
70
82
111
89
118
121
116
98*
138
121
• No price Friday; these are latest bid and asked this week, t Bonds due Jan. X Bonds due July. ||Bonds due June. 2 Bonds due May. ITBonds due Nor
OUTSIDE SECURITIES (G iv e s
G an SrcuritloH .
Syracuse (ins—Stock......
1st 5a 1940............ JAJ
Wearem Gaa (Mi1w) —Stck
5a-S ee N Y Stock Kxch
T e ie g . Sc T e le p li.
American Diat Tele—NY
American Tel k Cab—NY
Central A South Amer—
Chea A Poto Teleph—Stk
Bond 5a.................... ..
Commercial Cable..........
Commer Union Tel (NY)
W»r»r>lre % Hav ^tnte T el..
at
foot
Bid.
Teles:. S c Tcleph.
Bid. Ask. )
16* 18 , Erie Teieg A Telephone.. 00
40
85
87 , Franklin..........................
1Gold A Stock................... 112
List.
90
Bonds...........................
; Hudson River Telephone 75
Stock Exch j Intematlon Ocean.......... 107
Stock Kxch Mexican Telegraph......... 195
104 105 ;| Mexican Telephone....10
! New Eng Telep—See Bost on list
51
108 106 j Northwestern Telegraph. 110
ISO 185 1N Y k N J Telephone — 14 0*
112 115 I 5s 1920 .................J&J 110
78
7H
P a c ific k A t l a n t i c ..............
70
of
Ask.
70
7 consecutive
pa g e s).—
TE L. & E L E C T R IC , <&c.
Bid. Ask.
T eieg . &: T e le p h .
Southern A Atlantic
90
85
West’n Union Teieg—N Y 8tock Exch
E le c t r ic
C o m p a n ie s .
East End Electric Light.
Electro-Pneumatic..........
1%
2
Fort Wayne Elec. C o..25
115
Series A .........•••••••••*
E le c tr ic C om p an ies.
General Electric Co—N Y Stock
Allegheny Co Light Co... 130 140
76
Do pref.—See Boston L 1st.
45
Brush Electric Co...........
110
35
Hartford (Ct) Elec Lt Co. 115
200
Br’dgprt (Ct) El Lt Co.25 t 40
Hartf’d(Ci) LtAPowCo25 t 4
20
•75
18
Consol Electric Storage..
15
Mo Edison Electric.........
Eddy Electric Mfg Co..25 t........ 13
43
Do preferred................
115
Edison El 111 Co NY—N Y Stock Exch
Exch Narragaa. (Prov)El Co.50 t 81
150* Edison El 111 Co Brk—N Y
•r w Hav (Ct) Klee Lt Co 100
14
Edison Ore Milling Co....
11
I- Prtf« rer share.
28
...... Edison Storage Co........... 21
1%
4
125
7
18
45
87
170
26(5
BONDSW k kk E nding A cg . 5.
THE
11
£ V
Price
Friday,
Aug. 5.
Bid
J - J 106
Sep.s 80
Oct,* 57%
0*wego A Home. See N Y C
O O F A St P. See C A N W
ike Coast Co—l»t e 6s. 104C J - D
ao of Missouri. Sr* Mo Pac
M-N
Faeim a s f subsidy g 6s.
P*nnjylvonl* C o J - J •118
Penn Co gu 1st g 4%s.
.
Registered......... ...,1021 JJ - J
Qtd3%icol trustreg. 1037 M
* -S * 08
P O C A St L con gu g 4%,»—
......1 0 4 0 A -O
Series A..
A- O
P
C H R O N I C L R -B O N D
Week's
Range or
L ast Salt.
Range,
fr o m
Jan. 1.
PRICES (5 pages) Page 4.
BONDS.
N.Y. STOCK E XO H A N G E S f
W ee k E nding A ug. 5. 5 4
PtHce
Friday,
Aug. 5.
rvou Lxvir.
Week's
R ange or
| L ast Sale.
Is
S,®
frotn
Jan. 1.
Low. High
Bid. Aff&.l Low. High. No. Low. High,
96 107 .9&V F A \Y 1st eon g 6s. 1034. A104% Oct,*97
1st g 0s.. ................1934
58
81%
....
30
68>* |Scioto Val A N B. See Nor A W
Scab A lloa 1st 5s......... 1020 J - J
104% Feb.’98
Sea A B Bdge. See Bklyn El.
4 102 104
Sod Bay A so 1st g 5a... 1924 J - J
So Car A Ga 1st g 5s.. ..1910 31- • 95” “ 97“ *05“
” 96” 88|”02” ”9*8"
Soutbern Pactdo Co—
Gal Har A S A lat g 08,1910 F -A
107 Jan.’Ob
107 107
2 d li7s......................100S J - l )
108 114
105 J’iy ’OS
100 105%
Me-1 & PnedlT lati! Ss.'ill M N 96% Sale
110 110
95%
06% 38 02
00%
Hous 4 T O lat W Jt N 7«.'0»J - J
l«t ft 5s tut « t4 ........1037 J - .1 .................. 111% JTy'08
!9 T « h i«
100% 113
Oon g 0a lot erW...... 1912 A- O
108 113
Gen g is lnt. gtd...... 1U211 A - O
80%
80% 10
Morgan’s La A T lstg 6s.'20 J - J
120% Feb.’Ob
1st 7s.
............... 1018 A -O
127 Apr.*98 .... 127 127
. 10694 108
N Y T A ile x gu 1stg 4s. ’ 12 A - O
Ore A C.il 1st gtd g 59.1927 J - J
75 Jan.’98
U0%| 8 A A A Pass lat gu g 4s,‘43 J - J , 70 Sale 09
: 140........
71 821, 55% 71
.1 4 0 140 : Tex A N O 1st 7s____ 1005 F- A ■
->
110 Mar’98
Sabine div 1st g 0s. .1912 M -S
106% Nov’97
Con g 5s ................. 1043 J - J
99% Sale
00
99% 22 06% 09%
S oP of Argu 1st g 6s,’09-l0 J -J1 107% Sale 106% 107% 89 100% 109%
S P of Cai ls tg 0s.,O5-12 A -O
108
108
106% 110
..................
1st con guar g 5s.. 1937 M-N!
100% 100% 24
A & N W 1st gu g 5a. 1941 .J -J . . . . . . . 82
81% JTy’ 98
8 1 « 87H
8 P Coast lstgu g 4g.. 1937 J - J
8 Pac of N Mex 1at g 0a.' 11 J - J
108% 108% 30 105% 110%
South Ry—1st con g 5s.. 1994 J - J
9 7 « Sale
97%
94%
97-% 439 87
1994 J - J
Registered....... .
Mem Div 1st g 4-4%-5sl990 J - J *10SM...... 108" J’iy ’OS
103” id s '
Registered............ ,1990 J - J
E Ten reor lien g 4-5s.l93S M -S *........100
99 JTy’ 98 .... 96 100
Registered............ .1938 HI- S
Ala Oen R 1st g 6s.... 1918 J - J
112% Aug’97
Atl A Ch Air Line Inc. 1900 A - O
Col A Greenv 1st 5-03.1916 J - J
E T Ya AGa lat 7a.... 1900 J - J *1055$........ 105% JTv’ 98
115% 115%
105% 108
Divisional g 5a.........1030 J - J
114 JTy’98
Con 1st g 5s...... .
1956 M- N 11L% Sale 111
7 107 111%
1L1%
Ga Pac Ry ls t g 5-0S..1922 J - J
95 100%
119 .JTy’ 98
118 123
Knox A Ohio 1st g 6a .1925 J - J *115 ........ 116 JTy’98 .... 112 117%
96
96
Rich A Dan con g 6 a ..1915 J - J ♦121 124 121% JTy’98
15
18%
118 125%
Equip sink fund g 53.1909 M -S
101 Nov’97
Deb 5s stamped...... 1927 A -O
120 120
96 J’ne’98
95
90
Virginia Mid gen 5 s... 1936 M-N •107 107% 107% 107%
85% 86%
3 100 108
Gtd stamped......... 1936 31-N 4........108
107 J’ne’93
102 107
W O A W 1st cy gu 4s. 1924 F - A
87% J’lv -08
87M 87%
West N C 1st con g 0s. 1014 J - J
113 May’08
110% 110%
S A N Ala. See L A N.
Spok Falls&Nor lstgGs.1939 J - J
StatLsl Ry 1st gu g 4%s.l948 J -I>
Sunb A Lovrlath lstg 4s, 1930 J - J
Syra Bing A N Y. See DLA\Y.
rper A of St L 1st g 4%3.’89 A -O
109 May’98
109 110%
X 1st con gold 58.1894-1944 F -A
110 JTy’ 98
105% 110%
StL M Bge Ter gug 5s. 1930 A -O
108 Got.’9 7
Terre Haute Elec Ry g 0s.’ 14 Q-Ji
Tex A N O. See So Pac Co.
TexAP lty E div lstg 6s. 1905 M -S
110% J’ne’ 98
109 110%
1st gold 5 s . .,.............2000 J -D 107 Sale 106% 107% 10 90% 107%
2d gold ino. 5s, D ec...2000 Mch.
89
42% Sale
42%
43% 209 28
44%
Third Av 1st gold 5 s.... 1937 J - J
117% 124
122% J’ne’ 98
360 77% 87% Tol& O C ls t g 5s........1935 J - J
104 JTy’98 .... 102 105
West’n dtv 1st g 5s... .1935 A -O 103% 108 104 J’l y ’OS
103 104
General gold 5s____... 1935 J - D
Kan A M 1st gu g 4s. ..1990 A -O ........ 81
76
82%
78 J‘l y ’ 98
Tol Peo A \Y 1st gold 4s. 1917 J - J * 70 ........ 72 May’98
78% 90
69
72%
90 Sale
91
*44 S5% 90
89
90
§4% T S t L A K C 1st g 6s tr.1910 J - D
J
D
66
TTlster A Del 1st eg 5s. 1928
98 100% 100% 100%
54
2 98 104
U nlon Elev, Sec BklynElev
Dn El (Chic) 1st g 5 s ....1945 A- O
*08% Sale
Un Pac—RB A 1 g g 4s. 1947 J - J
97?g
9flM 1603 8 8 « 99H
Registered...................1947 J - J
68% 80%
TrCo ctfs g 4 % s......l9 1 8 M-N
44
59%
59 JTy’98
U P DAG 1st c g 5strro.’ 89
76% Sale
72
77 1367 48% 77
Uni N J BE AC Co. SeePaRR
Utah A North. See Ore S L.
Utica & Black R. See NY Cent
er Vsl Ind AW. See Mo P.
8
Irglnla Mid, See South Ry,
in 110:
52 104«111
♦110% 111 110%' 111
111% 116% \TTab RR Co Istg 5 s..l9 3 9
220
113 116% y\ 2d gold 5s...........1939
90 Sale
88%
91
74« 8 l«
Debenture series A .... 1939 J - J
Senes B ,,.................. 1989 J - J
114 120%
29% Sale
28%
30 4 04 21
30
lstg 5s Det A Ch Ext. .1941 J - J *103 105 104 JTy’98
98% 106%
97 105%
StChas Bridge Ietg8s.l908 A- “
92% 100
110 J’ne’98
108%110
Warren RR. Sec Del L A W
Wash OA W. See Southern
79% WestN YAPa—lstg5s. 1937
69
108% JTy’98
103 110
8 47% 58
97
90
58 Sale
Gen g 3-4s.................1 9 4 3
56%
58
Income 5s....April, 1943 Nov.
15%
15% 10 10
16
SO West No Car. See- South Ry.
70
Western Pac. See Cent Pae.
25
33
W Chic St40-yr lstcur 5s.’28
40-year con g 5s------- 1936
99 Dec’07
West Shore. See N Y Cent.
115 117
W Va A Pitts. See B A O.
105 109
120 122 % W VaCent A P ls tg 8s. 1911
Wheeling A L E ls tg 5s. 1920
118% 123
101% Mar *08
100% id i%
128 180% ■Trust Co cert 111cates...........
100 Mar’98
100 103
Wheel Div lsl gold 5s. 1928 J - J ♦ 03 . 08
90 May’98
90
90
92% Mar’Oft
105%108% ■ Exten A Imp gold 5a.. 1930
92% 92%
Consol gold 4s............ 19»>*
35 JTy’98 .... 85
35
3?W ....
93%100% Wilkes A East. See N Y S A W
WU A Sioux F. See St P M A M
96
96
/
122% 122% Winona A St P. See C A N W
Wts Cent Co 1st tr g 5s .. 1937 J - J
34 Nov’97
118% 132
Engraved trust certificates.
47
50 699 33% 50
50 Sale
Income 5s....................1987 A-O*
107 109%
3
0
5 J’Jy ’98
4
7%
Ask. Loic. High. Ao.j
106% 62
Sale 105
Sl% 144
Sale 70%
56%
as% 3841
Sale
103%
103%
........ 13 3% JTy*98
110 JTy’98
. . ... .
110% J W 9 8
111 J ’no'OS
102 O0t.’97
Scries D 4s guar..... 1945 M-N
108 J’ne’ 98
Pitta Cln A St L 1st 7s. 1900 F- A
109% Apr *97
Registered......... — 1900 F- A
140 May’ 98
Pitta Ft W A C 1st 7s.l91*2 J - J
2d 7b.................... ...1912 J - J ......
140 May’98
3d ? « .........................1912 A-OJ ......
112% Apr'97
O St L A P 1st con g 6s. 1932 A -O ......
Registered........... ,.1932 A -O .....
Clev A Pitta cons f 7s. 1900 M-N n o ?
........Mayv98
107
Gen gu g l a s e r ’s A. 1942 J -J ,
Series B..................1042 A - O
GrRAIexl8tgug4% s.l941 J - J
102 Nov’97
Allegh Val gen gu g 4s.1942.JI-S
N & C Bdgegen gu g 4%s.’45 J - J
Penn RK Co—
108 May’97
lat real estate g 4 s,.,. 1923 31-N
Con sterling# 6s........1905 J - J
Con currency 6s reg.. .1005 Q*Mt
Cong 5s...................... 1919 M -S
Registered................ 1919 Q -S
Cong 4s...................... 1943 M-N
Cl A Mar 1st gu g 4%s.l935 AI-N
115% Feb.’98
DN J RR & Can gen 4s. 1944:M - S
D B BRA Bge lstgu 4s g.*36 F- A
Pensacola A At. See L & Nash
iPeo Dec&E lstg 6s tr rec.'20 J - J 08 101% 100 JTv’98
Evans Div lstg0strreo.'2O M- S 98
90 J’ne’ 98
18% J’ne’98
2d g 5s tr roc 1st pd.. 1926 M- N 12
Peo A East. See C C C & St L
120 May’98
? e o A Pek Un lstg 6 s.. .1921 Q -F 122
85% May'98
2dg 4 % s...........Feb., 1921 M-N • 85
137 Nov’9~
Pine Creek reg guar 6s.. 1032 J - D
PittB Cm & St L. See Penn Co.
P C C & S tL . See Penn Co.
Pitts Clev A To! 1st g 6s.. 1922 A - O
Pitts A Connellsv. See BAG,
Pitts Ft W & Ch. See Penn Co.
Pitts June 1st g 6 s... ...1922 J - J
Pitts & L Erie—2dg 5s . .1928 A-OV
Pitts MeK&Yo—lstgu 6s.’82 J - J
2d guar 6s. „ . . . . . , , . 1034 J - J
McKee &B VU tgO s.1918
Pitta P & F 1st g 5s...... 1016 J - J
Pitta Sb A L E 1st g 5s.. 1940 A -O
108% 108%
98 J’l y ’ 97
1st consol gold 5 s ...,, 1943 J - J
91%
92
Pitts & West 1st g 4 s,,. 1917 J - J
92 Sale
Gold 5s...............1891-1941 31-N 47% Sale 46
50
Pitts Y & Ash Istoon5sl027, M-N
T> eading Co gen g 4s... 1907 J - J
83% Sale
32%
93%
XV Registered...... ....1997 J - J
Rensselaer & Sar. See D & H.
Rich A Dan. See South Ry.
89% Sale
Bio Gr West 1st g 4s---- 1939 J - J
8S%
90
Rio Gr June 1st gu g 5s. 1039 J - D
91 J’ne’ 98
67% ::::: 60 J ’ne’ 98
Bio Gr So 1st g 8-4s.----1940 J - J
Roch & Pitts, See B R & P.
Rome Wat & Og. See NY Cent
alt Lake 0 lstg sf 8s.*03-13 J - J
tJoAG 1 ls tg 2-3 4s.. 1947 J - J
80% Sale
80%
fit L A AT H. See Illinois Cent
fit L A Cal. See Mob A Ohto.
fit L & Iron Mount. See M P.
St L K C A N. See Wabash,
fit L M Br. See T RR A o f StL
fit Louis A San Francisco—
2d gold 6s Class A ,.., 1908 M-N 114 115 114 JT y’98
2d gold 6s Class B ......1906 M-N 114 115 118% JTy’98
2d gold 6s ClasB C«... .1906 M-N 114 115 114 J’ne’98
1st g 6s Pierce C A O..1910 F -A
General gold 6a.........1931 J - J 118 ...... 118% J’ly ’98
General gold 5s........193 1 J - J 105% Sale 104% 105%
1st trust gold 5b......... 1987 A -O
98 ....... 100 JTy’ 98
F t 8 A V BBdg lstg6s. 1910 A -O ♦105 ....... 105 Oct.’ 9?
Kansas Mid lBt g 4 s.., 1937 J - D
78% Sale 78
8t L A 8 F RIt g 4 s .,.. 1996 J - J
Sp*
Southw Div lat g 5s... 1947 A -O
97 Sale
97
95%
fit L 8o. See Illinois Cent.
80
79% Sale 78
S tL 8 W ls t g 4s bdefs. 1989 M-N
2d g 4s Inc bondctfa.. 1989 J -.ll 82% Sale 81
83
St Paul City Cab. e g 5b. 1987 J -J
00 Nov’97
Guaranteed gold o s... 1937 J - J
St Paul A Duluth 1st 5b. 1931 F- A *112% 118% 117 Mar’98
2d 5 s .........................1917 A -O •106 ..
100%JTy’ 98
Et Paul M A M 2d 6 s,... 1909 A -O ♦121% ..
121% J’ly ’ 98
123 . 123
Dakota ext gold 6 s..,. 1010 M-N *122% ..
* 1st consol gold 6a...... 1933 J - J ♦180 132% 180
130%
i, Registered...... .....1933 J - .1
wt Reduced to gold 4%8 1033 J - J ’108 109 108%JTy/98
106% Mar '98
Registered.............J933 J - J
Mont Ext lat gold 4s.. 1937 J -I )
100% 100 %
Registered................1937; J - D
90 Feb.’ Oc
Minn Union ls tg 0s... 1022 J - J
122% Jan.’98
127% J’l y ’98
Mont C 1st gu g 6s.... 1937 jJ - J '128% .
115 Apr’97
Registered.............. 1987 J - J
lat guar gold 5s...... 1987SJ - J
109% May’98
Registered...... .
1987 J - J
B Minn 1at. di v 1st g 5s. 1908 jA - O
110 JTv’ 98
Registered...............19081A- O
Win A 8 F lstg 5a...,1988 J -D ’111%.
111 Nov’O'l
Registered........... .. 1938i J - D
Bt P A Nor Pac. See Nor Pad
StPft 8’xCity. See CStPMAO
B A A A P. See 8o Pac. Co. \
100% Oct.’07
8 F A N P 1st a f g 5 ».,. J91P J - J
S
V
105%110
MISCELLANEOUS BONDS.
dams Ex—Col trg4s.l94S|
m Cot OH deb g 8 s ... 1900
Am Dk A Imp Gs. See Con N .J!
Am SpiritsMfg 1st g 6s. 1915
Atlanta G L Co lst g 5s. 1047
ar A S Car Co 1st g 6s. 1942
os U Gas tr ctfs s f g 5s.’ 39
A
B
101
Salo
100
109
101
109
ee 99% 101
2 102%109
♦........
85
84
J’ly '9S
04
..........
SOW Jan.’0ft
....
86
90% 91
’ No price Friday; these nro latest bid and asked this week, t Bonds due June, i Bond*due July. ||Bonds due March. *5 Bonds dud Jan. § Bonds due Nov
OUTSIDE SECURITIES (G ives
at toot
or 7
ookseoutive pages).—F E R R Y
F e rr y Com p an ic*.
Bid. Auk.
R a ilr o a d * .
E le c tr ic C om p a n ies. Bid. Ask.
Rhode Island Elec Pro Co. 110 120
N J A N Y Ferry—Stock..
Atch A Flke’e Peak 1st 6s
1st 5s 1918............ JAJ n o b ioi i Ale T& 8 Fe trn f d 0s not os
Toronto (Can) ElecLt Co. 135% 186%
100 1N Y A E R Ferry—Stock. 051
Tbom-llousd Welding Co.
71 ! |Atrta&Cb Air L is t 7s’07
12
Bonds 5s of 1982......... >1 00
United EleeLtAPCopre!
18
90 j Atl A P cts of dep gu 4 bBt'd
Bondss...........................
85 ; N Y A 8 II Tran* A Ferry 25
30 I B A O 8%s, when Issued..
83
Do 4s
“
Woonsocket ( R l ) El Co.. 100 110 1 Bonds, 5», of 1906...... k 90
95
“
“
F e r r y Cnm panlcu.
10th A 23d Sts Ferry......
72
80 I Do prof
Bolt A N Y Air Line—Com
BTslyn A N Y Fern'-Subs • 110% nov«
DO n,. .rl 5s 19 19....TAT) 5 08 101
Preferred—See N Y Sto ck Ex
41
31% 32
41%
Hg, 10 11..,.................. $116 118
1st 5s 192).......... MAN 2 99 101 i California Paclllc lst4%s 98
Do
2dmortguar 95
Hoboken Ferry—Stock..
90
91
R n l Iren da.
1st 5 b 1946...........MAN {100 108
A to Coi &l* 1st 6s tr co ct a 08
72 ; Ch MU A St P Dub Div *20 $120
Metropolitan Ferrv^Sg.. 110 l i t
At J C A W 1st 6s tr co cts 08
7a ! Do Wl» Val div fis ’20 $120
vm
1(0
<g RAILROADS.
K u ilron d *.
Bid.
ChAN W 1et. 7s Mad ext’ 11 $130
Do Menominee ext ’ ll $180
Cli 1CATo rnah 1st 0a190 5 $109
NorthwUn. lgf7&T917. $132
Frem Elk AMo Val 1st,’83 $180
Do
unstamped $129
Win&StP 1st ext 7a’ 10 $136
Ch A East 111sink fd col tr
ClnASpgf 2d 7s gu C C C&l 103
Jack L A Sag 1st ext 5s ’01 108
Kingston A Pemb IstM ..
L N A A Ch lBt 6s CAL Div i i s "
^And Interest.
tPrlce per sh
A ugust 6, 1898.]
THE CHRONICLE.— BOND
S-a 1 P rice
BONDS.
F riday,
N. Y . STOCK EXC H AN G E
Aug. 5.
W eek E nding A u g . 5.
Bid. A sk.
B’klyn U Gas 1st con g 5s. .’45 3I-N *114*6 115
Br’k’n W & W H lstg 5s. 1945 ,F - A *........ 92*6
ah Coal Min. See T C I A R.,
QL&CCo. See P G A CCo.
(Bile Jc A St Yd co lg 5s.. 1915 J - J
Clearf Bit Coal. See N YC AH
Col C A I 1st con g 0 s.. . 1900 F - A 100 Sale
ColC&I Dev Co gag os.. 1909 J - J ..................
Col Fuel Co gen gold 6s. 1919
Col F A IC o gen s f g 5s. 1943 F -A *........
Columbus Gas 1st g 5s.. 1932 J - J
Com Cable Co 1st g 4s.. .2397|Q - J
Registered.................. 2397 Q - J
Con Gas Co. See P G & C Co.
e Bardel C A I. See T C & I.
el & H Can. S««RR bonds
93 Sale
Detroit City Gas g 5s----1923 J - J
Det Gas Co con lstg 5s.. 1918, F -A ►94 ........
17*4 Sale
Det MAM Id gr 3*6s S A.1911 A -l)
d El 111 1st convg Ss.1910 >I-S *........U2*6
1st con g 5s............ 1995 j J - J 117 ........
Ed El 111 B’klyn lstg 5s. 1940: A - O
Registered.......................... A- O
B rleT & T coltrg sf 5S...1920 J - J
Eq Gas L N Y 1st con g 5s.. ’32 31- S : : : : : :
Eq G A Fuel. See P G A C Co. ,
M en Elec Co deb g 5s.. 1922 J -D *104 ........
vJr Itiv Coal A C 1st g 0s..’ 19! A - O
Sr Rap G L Co 1st g 5s. 1915 F -A
ack W reor 1st g 5s.. 1926 J - J
eudB C o 1st s f g 0s. 1931 M- 5$
III Steel Co deb 5s......... 1910 J - J
Non-conv deben 5 s.... 1913 A - O ....................
Iron Steamboat Co 0 s... 1901 J - J
JelTAClearC A I lstg5s 1920 J - D
2d g 5s................... ....1926 J - D
K C Mo Gas Co 1st g 5s. 1922 A - O ....................
Lac Gas-L Co o f 8tL lstg 5s’ 19 Q-Fi 105 Sale
Small bonds....................... Qu-F
Mad Sq Garden lstg 5s.1910;.M-N . . . . . . . . . . . .
Met T & T 1st s £g 5s... 19181JI-N
Registered.................. 1918 31-N
Mich Pen Car Co 1st g 5s.’42 M- S
Mut Fuel Gas Co See PeopGas
Mat (Jn Tel Co. See Wn Un.
Nat Starch Mfg Co lstg 6s’20 3I-N •108 ........
Nwpt News S & D D 5s. .1990 J - J§ ....................
N Y A N J Tel gen g 5s cy.’20 3t-N
N Y & OntLand 1st g 0S.191O F -A
NoWestn Teleg. See West.Un.
Peo Gas A C 1st gu g 0s. 1904 M- N
2d gtd g 0s...................1904 J - I)
1st consol g 0s............. 1943 A - O •120 ........
Refunding g 5s............1947 M- S
Registered................1947 M- S
Ch G-LACke lstgu g 5s’37 .1 - J •104*6 107
Con G Co of Ch lstgu g 5s’30 J - D
Eq G A F Ch 1st gu g 0s. ’05 J - J ..................
Mu Fuel Gas 1st gu g 5.1947‘M- X
C
D
E
H
Week's
Range or
L ast Sale.
■§3
$p
Range
from
Jan. 1.
Low. High. No. Low High
46 109*6 115
11494 115
14 92 100*6
92
95
109*6 Feb’97
98
100
104
80
Jan.’ 98
May’98
109*6 109*6
2
101*6 Apr. *98
104 Feb.’ 98
95
102
ioo
80
104
84
101*6 105*6
104 104
95*6
9194
93 900 89
91
91
2 90 103
10*6
17*4 23 16*4 17*6
111 J’l v ’98
108 11294
U7J4 117*4 - 5 114*6 119'
113*6 J’ne’97
98*4 Mar’98
105& 10554
9 5 * Jan.’ 97
111
9 8 * 98*
10
90
10594
Aug’97
70
A pr’97
107
80
May’97
May’97
104
105
102
J’ly ’ 97
85
J’ne’97
107* J’ly ’98
111 Nov’97
107*6 J’ly ’98
120 J’ly ’98
100
100
104 J’ly ’98
102* j ’ly ’os
• No price Friday; these are latest bid and asked tnis week.
OUTSIDE SECURITIES
.
10 190
105k
PRICES (.5 pages) P a g e 5.
BONDS.
N. Y . STOCK EXCH AN G E
W e e k E nding A ug . 5.
Price
F rida y,
Aug. 5.
267
Week's
Range or
Last Sale.
Bid. Ask. Low. High.
Peoria Wat Co g 6s. .1889-19 M-N
PI Valley Coal 1st g 6s.. 1920 M-N
Procter A Gamb 1st g 0s. .’40 J - J
St L Ter Cupples Station &
Prop Co lstg4*6s 5-20yr’ 17 J - D
S Yuba Wat Co con g 6s. .’23 J - J
101 Feb’O';
Sp Yal Wat Works 1st 0s.’ 06 M -S
Stan Rope A T 1st g 6s.. 1946 F -A ........ 70
68
09
Income g 5s................. 1946
16 Sale
14
16
Sun Ck Coal 1st g s f 0s..1912 J - D
Tenn Coal T Div Istg6s.l91 A-0| 80
84
84
Birm Div 1st con 0s.. .1917 J - J 80
85*6 J’ly ’98
Cah C M Co 1st gu g 0s..’22 J - D
De Bar C & I Co gu g 6s.’ 10 F -A
83
83 Jan.’98
U S Leath Co s f deb g 6s.’ 13 3I-N T14
116 J ’l y ’98
Vt Marble 1st s f 5s...... 1910 J - D
West Union deb 7s. .1875-00 3I-N
105*6 Feb.’98
Registered......... 1875-1900 3I-N
105 Mar’ 98
Debenture 7s.. . 1884-1900 3I-N
Registered...... 1884-1900 M-N
Col trust cur 5s..........1938 J - J
110
110
Mut Un Tel s Td 0s... 1911 M-N
111 Mar’98
Northwestern Tel 7 s ....’04 J - J
Westn Gas Co col tr g 5s...’33 3I-N
101 Mar’98
W b L B & P C C o 1st g 5s.’ 19 J - J
Whitebrst F gen s f 6s.. 1908 J - D
U. S. GOV. SECURITIES. (For
U S 2s registered... .Optional Q-M
U S 4s registered...... ...1907 Q-Jt
U S 4s coupon................ 1907 Q-Jt
U S 4s registered............1925 Q-F
U S 4s coupon................ 1925 Q- F
U S 5s registered............1904 'Q- F
U S 5s coupon................ 1904 Q -F
U S 6s currency............. 1899 J - J
U S 4s registered certs
of indebt (Cherokee) 1899 Mch
la
Range
from
Jan. 1.
Low High
113* * 11 *3 ”
51
11
72
17
79
79
80
89
83
83
111*4116
105*6 105*<
105 105J<
105
111
111
111
101
101
daily record see seventh ya
97 ........ 98 Apr.’98
Hlfc 112X 111
112 Sale
12794 128*6
12794 Sale
112 11294
111*4
111
112
128*6 128*6
12796 128*6
110*4 May’98
112 11294 113*4 J’ly ’98
102*6........ 102*6 Apr.’98
101
STATE SECURITIES.
Alabama—Class A 4 to 5.1900 J - J ■108
Small...................................
100 .......
Class B 5s.................... 1900
Class C 4s..................... 1906
98 Sale
Currency funding 4s... 1920
90 ...... .
105 108 1 Dist of Columbia—8*05s.l924
l i e * .......
Louisiana—New con 4s.. 1914
103 ...... .
Small...................................
Missouri—Funding. ..1894-95
North Car—Consol 4s.. .1910
103*6 .
Small...................................
102 109
0s................................. 1919
125 ...... .
103 ...... .
115 120 1So Carolina—4*6s 20-40.1933
92 ......
Tenn—New settlem’t 3s. 1913
Small...................................
' 85 ......
72 Sale
1 102 10034 Virginia fund debt 2-3s.l991
101 106
Registered..........................
102 108
6s deferred bonds..............
Trust receipts stamped---t Bonds due July,
XBonds due May.
$ Bonds due April.
109 May’98
108 Feb.’OS
10494 J’ly ’
98
0S
108*6 109
108 108
110 J’ly ’ 98
104 J’l y ’98
100*6 Mar’98
115
100
98
110
104
100*6.
128
101
Jan.’98
128
Feb.’98
128
91*6 J’ly ’98
88 J’ne’98
7294
7294
87
87
05
92*
88
7294
5 J’ne’98 ..
4*6
|Bonds due January.
(G iv e n a t foot of 7 c o n s e c u t iv e p a g e s ) . — R R s., B A N K S , M IS C E L .
31 In cell a n yo n e .
Bid. Ask. 1
Bid Ask.
31 i nee I la n e o n s.
Bid. Ask-*
311seel In neon n.
R a il ronds.
Schwarzchild A Sulzb.100 40
50
Texas A Pacifle Coal. 100 50
Fidelity A Dep (B alt)..50 140 145
55
N Y El deb 5s gu Man Ry. 98
Semet-Solvay deb 5s
1st 0s 1908...........A&O 102
101 103
Galveston Wharf—1st 5s. 99 100
No Pacitic Mo Div 1st 6s. 105*
Simmons H’rdw-Com.100 105
Title Guar A Trust.. .100 290 290
Genesee Fruit............100
PUtab A Connellsv 1st 7s 104
Preferred................ 100 110 120
Trenton Pott—Com.. 100
10
30
German Am Real Est.100 23
5
Do con 0s gu by B & O 115
Singer Mfg Co............100 405 420
Preferred................100 25
35
Glucose Sug Ref-Com.100 5894 54
Br. P East A Gr Tr 1st 0s.
Trow Directory-New. 100 34
40Preferred................ 100 l OH** 107*6 Standard Oil...............100 401
gu by Milw L 8 A West.
........ Union Switch A Signal. 50 01
04
Goodyear Shoe Mach..25 3794 3994 Standard Distilling A Dis
Tenn CIA Ry con 6s 1901
Preferred................. 50 110 115
tributing Subscriptions.
90
96* 97
Gorham Mfg Co-Com.100
Do 8o Pittsb 1st 1902..
Union Typewr—Com. 100
Preferred................ 100 110 114
Stand Und’rg’d Cable. 100 109 110
7*6 8
Vlcksb A Meridian 1st 0s 103 109
97
SlossIASl8t08 1917.FAA 88
1st preferred..........100 92
Great Falls Ice............100 110 125
M IscellaueoiiN . Par.
Southern Cotton Oil.. .50 8 i
92
2d preferred............100 89
Hartford Carpet C o.. 100
82*
Acker Merrall A Con. 100 98 101
Stat Isl R T 1st 0s’ 18AAO 107 n o
U S Glass—Common.. 100 23*6 25
52
20
Heck-Jones-J Mlll-Pf.100 49
Am Air Power of N Y. 100
90
2d 5s 1920.............. JAJ 00
Preferred................ 100 70
70
1st 0s 1922............MAS 90
Amerlc’n Axe A Tool. 100 13* 27*6
100
80
StiUw-Bierce A Sm-V.100 70
U S Projectile Co....... 100
y
Amer Bank Note C o ...50 t 38* 40* Her’g-Hall-Mar-Com. 100
Swift A Co..................100 90
Wagner Palace Car... 100 170 176*fc
97
a
93
Preferred................ 100
American Brake Co.. 100 90
1st 6s............................ 5100
Westingh Air Brake...50 570 020
Hoboken Land A Imp’ t.. 100
9
Amer Groo—1st pref.100
Willimantic Linen Co. .25
Susq Coal 0s 1911__ JAJ 115
5 s .................................. 105
Amer Malt’g Co—Com—.3 ee Stk Ex l’t
110
80 1 Term Wareh—Stock.. 100
10
Wool Exch’g eof N Y.100
International Elevat.100 75
xch. 11
Worth’t’n P’mp-Com.100
1st 0s...................
28
70
International Navig.,100
52*6
Am Pneumat Tool Co. 10
94
Preferred................100
Debenture 6a.......
70
International Paper. .100 37*4 3794
Amer Press Assoc’n ..100 ioo iio
American Screw........250 115 140 | Preferred................ 100 84* 8494
Bonds 0s....................... 105*6 107* ;
Am Smokeless Powd. 100
B an ks.
Bid. Ask.
B an ks.
Bid. Ask.
Bid. Ask.
B an ks.
International Pulp... 100
4
8
Am Soda Foun—Com. 100
1
Iron Steamboat......... 100
53
1st preferred............100 47
N. Y. CITY.
101
Kings Co*. ...
Mercantile .. 107
0s 1901...................JAJ 50
25
2J preferred............100 IB
Manufact’rs. 250
149
352
John B Stetson—Com. 100 45
Amor Steel A Wire, i
235
Mechanics*..
110
St’ck
E
xl’t
170
Preferred................ 100 100 110
Preferred............ > see
Mech A Tra*. 245 255
400 440
22
Journeay A Burnham. 100
American Surety........50 100 170
Nassau........ 200
220
74
41
Preferred................ 100 08
Am Typefo’ra—Stock. 100 39
Nat
City...... 335 345
Knickerbocker Ice.... 100 87
Amer Sewing Machine. .5 t 2
North Side*.. 175 185
150
235
90 101
27*
Bonds 5s..............
Amer Strawboard....100 27
People’s*
.... 190 195'
ies
200
110
Lawyers’ Surety........100 100
Amer Wringer com.. .100 104
Scherm’rh’n* 140 150
235
172*
Lawyers’ Title Ins.... 100 150 100
Pref.............................. 114
17th Ward*. 100 105
800
118
110
124
130
Lori
Hard
(P)—Pref...
100
Amer Graphophone__ 10
21&
Sprague ......
Chatham .... 290
90
N Y Nat Ex.. 80
5
Preferred..................H) 132* 137* Madison Sq G—Stock. 100
90 20th Ward*.. 135 145
3700
75
35
2d 6s 1919........... MAN 25
10
12*
Anderson (John) Tob.100
10O
Union*.........
......
110
Citizens’
125
19th
Ward*..
40
Maine S S......................50
Automatic Vending... 10 25
C ity.............
Wallabout*..
130
12* Merch A Miners’ S S.. 50 120
BarneyASm Car-Com.100
140
135
15
Mech’nical Rub-Com.100 10
55
Preferred................100
180 190 T ru st Cos.
35
Preferred................ 100 30
08 1942 ................. JAJ
100
N. Y. CITY.
320
200
Mergenthaler Linot—See Bosto n list Continental . 200
L list.
Am Dep A L.
125 130
Peoples’* .... 200
60
Meriden Britannia Co.. 25 55
Preferred—Nee Phil, list
Atlantic T r.. 185
Corn
Exch*..
90
278
Phemx........
13
9
Mich-Pen Car—Com.. 100
105 110
Central Tr’st. 1350
East River.. 130
Plaza*.......... 240
Preferred—See N Y Stoc k Exc h.
23
t 10
Colonial....... 191 197
11th Ward*. 220
110
89
Bliss Company—Com..50 85 100 1 1st 5s 1942........... MAS 85
Continental . 187
F
ifth
...........
150
Minneapolis Brew 1st 7s. 101 *6 103
Preferred.................50 102* 110
Consolidat’d.
Fifth
Ave*..
185
Riverside*...
2900 3400
105
Mosier SafeCo........,100
Bond A Mort Guar... 100 190
Farm Ln ATr 900
170
........
85
Monongahela
Water...25
Bost A Montana 7s 1907
Fifth Ave Tr 340
First
(St
Isl)
450
130
Second
........
150
Nat Biscuit—See N Y Sto ck Ex ch.
Carter-Crnrue—Pref. .100 55
Guaranty Tr 423
115
170
Preferred—See N Y Sto ck Ex cb.
Celluloid Co...........
70
05
Knlck’rb’ck’r 225
93
...... 160
80
National Casket C o... 100 00
Cent America Tr’nalt.100!
Manhattan.. 100
*
250
25
National Saw—Pref. .100
2
Cent Flrew’rks—Com. 100;
Mercantile .. 400
800
202
National Surety.. . . ..100
40
Preferred...............lOOj 35
Metropolitan 300
102
too
1
National 3VaIl Paper. 100 95
40
Chateaugay OreA Ir 6s ’ 15
95 N Y L U T r 1175
50
Chea A O Grain El—Inc.. 10
17* N Y Loan A Imp........100
N Y Sec A Tr 300
NY Blsouit 0s 1911. MAS 114 115*6 German Ex*. 260 i i s " 23d Ward*... 100
H7
4s..................................
63
North Amer.
204
Chesebrough Mfg Co.100 350 370 j New Jer Zinc A Iron.. 100 100
Produce Ex
220
Germania*...
300
05 ! N Y Air Brake—See N Y S tock K
ClaQln (II B)-lst pref.100 90
Real EstTr’t 200
170
Greenwich*.. 105
48*
Nicholson File Co........50
2d preferred........ '
State Trust..
88* 90
145
.....
.
Hamilton*...
105
Western......
Nicaragua Construct. 100
Common—See NY
Exch.
275 ........ Union Trust. 1080
385
Clark Mile End Thr’
75 ........ Peck, Stow A W ilcox..25 t 18
U S Mtg A Tr. 285
Hide A L’ath 85
95
Yorkville*.. 170
Pegamoid (£1 shares)....
Collins Co.................,100| 118
Unit. States.. 1170
155
225
4 1 Pennsylvania Salt Mfg.50 102 104
Comstock Tun—1st
2
Hudson Riv* 140
BR’
KLYN.
BR’KLYN.
Consol id Car Heating. 100 82
36* Penn. Steel 5s 1917.MAN
215
12
10
Penn. Water—C om ....50
390 405
Consol Flrew’ ks-Com.lOOl
200
190
10
147*6
225 235
PblJ A Wil Steamboat.50 132 140
Preferred.......... B N H 88
132*6
8
235
Pneumatic Gun Car’ge. 10
Con Kan C Smelt A Kef.26
95
8
280
20 1 Prat t A Whitn—Com.. 100
Consol Kolllng Stock. 100! 17
104 107
750
50
220
Preferred................100 45
75
Cramps’ Sh A Ku Bldg. 100 70
390
380
237
189* 140 | Procter A Gamble.... 100 225 105
Market A Ful 225 240
Fulton*........ 180 200
159
Preferred................100 100
Ensley Land....................
20c.
.Mechanics’ . . 170
Ger Amer*.. 90 100
2RO 253
10
R.I. Perkins Horse Sh. 100
Kppeng 8m A Wlem. .100
75
Mech A Trs*_ 100
Hamilton*...
40
Preferred...... ........ 100 30
Bast ...an Kodak Co.. .100 95 100
tPrice
per share
Russell A Erwin........... 25
* Banks <
’ lth an asterisk (*) are State banks.
MO
Erie A Western Trans.50 65
Fidelity A C’awnalfy...100 250 ........1 Safety Car Heat A Lt. 100 ’ b e ’
$ Purcha»«..
. pays accrued interest.
V*
2
m
THE CHRONICLE.
[V o i. LXVII.
Boston, Phil a.daIph ia and Baltimore Stock Exchanges—A Daily and Yearly Record.
t a r S h a r e P r i c e s —N o t P e r C e n t u m P r i c e s .
Baturd u u,
J u ly 30
M onday,
A ug. 1.
Tuesdayft
Aug. 2.
Wednesday Thursday,
A ug. 3.
A ug, 4.
A C T IV E S T O C K S .
13 Indicates unlisted.
Fi'iday,
dug, 5.
Sales
o f the
Week'
Shares
Range o f Sales in 1898,
Lowest.
Highest.
R a ilr o a d S tock *.
71
71
25
180 66 Jan. 4
..................
7 0 * 70*
•70% 7 t*lBaltimore City Passenger... (Balt.) .
•Hi
32H 38%i *38* 2 2 * 22 * 2 2 % 2 1 * 22% Baltimore Consolidated.......
388 21% Apr. 20 24 * Feb. 14
25
•J2%........i 2 2 * 22*
2
2
%
2
2
*
543 21% Mar. 12 24% Feb. 23
25
................. 22 * 22* ........ ..........j 23* 22*
*28* 22% iBaltimore Consolidated!. ... ( Philo.) .
100
1........327
825* 225* 226* 226* 225 226 Boston & Albany...... ..........(Boston).
189 217* Mar. 29, 227 Juno 9
835* 2 2 5 * j 220 220
67
00% 60%; Boston Elevated..................
14
951' 52% Mar. 20 67% July 12
100
07 * 07* x 00
00
06
00 f 0 0 * 06% 07
172 215 Apr. 2 225 Jan. 28
100
223
224 IBoston & Lowell..................
44
233' 223
233* 824* 224*224*1*824 ___ _ ♦224 225
49 100 Mar. 12 171* Jan. 7
102 102 163 103
104
104 Boston & Maine............... ......
44
103 ....
100
163 163
103 103
100 10, 148 85% Mar. 20 111* Aug. 5
J07 107% 107* 108* 100 109% LQ9% 111% Ohio. Burl. A Ouinoy............
100* 106* 105* 107
100' ' ,040 102 Mar. 14 122' Aug. 5
117 117 I 117 118* 119* 119* 120 122 ;Chic. June. A Un. Stock Yds,
44
117
117
Ml
0
*
117*
12u
130 120 130 1120 120 120 120 120 120 Preferred.......................... “
184 105 Mar. 12 120 May 11
ioo!
•------lie * -i -2o
,710 83 * Apr. 21 102% Aug. 5
• 9 9 * ICO* 100* 100* lOc % 100% 100%10l% l o t * \n\^ 101% 102%;Chic. Milwaukee A St. Paul. (P hila/ .... 1 0 0 1
50;
,845 9 Feb. 25 24 Aug. 3
23 * 23% 24
23% 23% 2 3 * 24
2 1iChoctaw Oklahoma & G ulf..
44
2 3 * 23*
23* 23*
39 * 39% 39 * 39% Preferred...........................
39
39*
50
38% 39
,755 27% Jam 4 39% June 29
30
44
38 * 38* 80
400 37 Jan. 3 50 July 1
100
4 9 * 49* Consol. Traction of N. J . ! , ..
40
49
102 * 102 * 1 0 2 * 1 0 2 * 103 103
100
103 102
103* 103% IFitchburg, pref...... ....... ....(B oston)
101
98 Mar. 28 108* Aug. 5
101
27% May 9 37 * July 21
37* 33* •37* 38* *37* 88*
•80* 38 Ga. Southern & Florida....... (Balt.) .... 100
•37* 38
•88
90
*88*' 90** 8 8 * 88% 1st preferred......................
•88
90
•88
44 — 100
50 84 May 25 88* Aug, 5
89
•83
•05
07
•05
07
•05* 07
•05
50 55 May 3 6 6 * Aug. 5
100
“ ....
0 0 * 00*| 2d preferred.................................
•65* 07
20 * 20*4 2 0 * 2 0 *
907 19% July 22 2 6 * Jan. 3
20% 20% Lehigh Valley.......................(Phila.) .... 50
20 I 2 0 * 20 * •20* ..........
20
•4% 5
4*
4%
4% 4%
*4% 5 .Mexican Central................. .(Boston).... 100
200 4 * Apr. 6 o x Jan. 12
•454 5
*4M 5 1 *80*
80% 80%
* B 0 * ........ *8l
81
37 7 6 * Jan. 14 83 June 30
50
82 Northern Central........................ (Balt.)....
•so*
100
•20* ’ so ii •20* 30 29% 30* 30 30% 30% 30* 30% 31 Northern Pacific......................... (Phila.)....
498 19 Feb. 24 31 June 6
72%
72 * 72a4 73
73% Preferred...........................
“ .... 100
405
20 raw ai ) r. 5
•71* 7156! 7 1 * 7 2 * 72
193 193
190 191
192* 192* '192
‘ 193 195
198 Old Colony...................... ....(B oston )..., 100
31
•190*
16 195 Julv 9
30
80
50 18 Jan. 4 33^ Feb. 17
100
*29
80 Oregon Short Line...........
44
50
68% 58% S 8 « 58% 58% 58% 58* 58% Pennsylvania,......................(Phila.)...
963
5 8 * 58511 5 8 * 58*
12 60) Feb. 7
,282 77 Mar. 25 9 1* Aug. 5
50
•39* 8 9 * 8 9 * 8 9 * 8 9 * 89% H9« ssm 90 90* 90% 91% ETiihidelphifi Traction......... 44
,912 r 13-16 Mar3 5 11%Jau 6
1% 8 15-10 8 15-10 9 8 5-10 9 Reading C om p a n y .,..,..,..,
50
•8%
9
8 13-10;
8*
8*
44
21
21
21 21 Si% 21 5-10 1st preferred.....................
41
,005 18* Mar. 26 4
50
.27 1-10 Feb. 3
% 0 * 20*! 2 0 * 20 * * 2 0 % 21
10 5*16 10*
50
*10% 10% 10% 10% 2d preferred............ . . . . .
100 9 * Mar. 25 14 0-16 Feb. 5
1 0 * ........ ...............
“
24% 24% 24% 24* 2 4 * 25* Union Pacific................
24
24
,218 10% Mar. 25 25* June 3
100
23* £
24*
24
24
(Boston)...
•23*
.
... i 0
----01% 62%
62*
02 % 02 *
100
62% 63 * Preferred
%
!%
101* 61*
01" 47 Mar. 25 68% June 6
8
% 18* i s * 02
.........(Phila.)...
045 12% Jan. 3 19% Aug. 5
18% is-^ 19%
50
19% 19% 19% 19%: Union Traction.
18* 18%! 1
86 80 85'^ 86
80
86
89
8 0 * *”
'
713 78 Mar. 25 8 6 * Aug.
8 5 * 85* 85% 80
West' "End‘ Street..................
(Boston)... 50
»lisc e lln n c o u s S lock a .
27 9* 280
277* 278 American Bell Telephone... (Boston)... .100
278 278* 278 280
247 238 Mar. 12 281 July 27
1277* 277* ‘270 278
138% 139% 130 140% 137% 139* 136% 138* American Sugar Refining T., “
... .100 22,814 107% Mar. 20 145% J une 6
i 138* 139% 138%140
114* 114* 114* i l l * 11-1« 1I4H 114 114* 1 U * 114* Preferred 1L..........................
288 103 Mar.
44 . ... 100
.114 114
110* Jan. 0
208 211
210* 211
44 ----- 25
4,189 149* Jan.
210% 211* 206 207* Boston & Montana.................
2 12 June 3
208 208* 208 208
44 . ... 25
4,785 IS * Mar.
25% 25* 25% 25% 25«f aavfi 20
26% 25% 26 Butte & Boston*......................
‘ •25% 25 *
28% Feb. 2
573 580
375 575
575 575
71 489 Jan.
“
. ... 25
575 575 *570 57o Calumet & H ecla..........
575 575
575 June 2
04% 04*
0 4 * 04*
64% 64% 6 4 * 64*
340 52% Jan.
64% 64% Consolidated Gas.................. (Balt.) ....100
*04
04*
05* July 12
22% 23 Dominion Coal............ ..... .(B oston).... 100
23
23* 23*
23% 24% 23% 24
3 3 « 22% 23*
4.245 14 Mar.
24* Juno 8
30
37*
3 5 * 37
35% 82
35 Electric Storage Battery 7 .. (Phila.). ... 100 18,374 18* Mar.
35
37* Aug. 2
s o x S8»J 34% ~~
40
42
40*
41
39
42% Aug. 2
41
42% 4 1 * 42% 42% 4
10,635
Preferred 7 .. . .................
44
— 100
21 Mar.
$2*
70
70 Erie Telephone,...................(Boston)-----100
70
70% 70
70
70% 70
70
70
898 59* Mar.
,70 70
j m Jan. 5
5 8 * 58*
5 7 * 57*
57
59 Illinois Steel.........................
57
59
59
♦58
881 44 * Mar,
44...,1 00
60 J vine 1
•55* 57
105 20 Mar.
2 1 * 21
44 . . . . 50
*21
21* Larason Store S ervice.......
23* June 8
22* *21* 2 2 * 2 1 % 2 1 * i*2 L 21%
•21 *
37* Lehigh Coal & Navigation... (Phila.)__ 50
3-y. *37%
43% Jan. 7
37 July
5% 5%
44 . ... 100
5% 5%
6
0
1,164
5% 5%
5*
0% "'5 %
5 May
5% Marsden Company 7.................
11% Jau. 11
1 3 4 * 1 3 4 * 185 135 New England Telephone......(Boston)... 100
133* 133* ■133 135 •133 135
20 120 Mar. 135
Aug. 5
2 5 * 26
25% 25*
26% 26 *
26% 26% Oid Dominion C opper!........
44
25
2 4 * 25
2,834 21 * Jan.
32% Mar. 2
20*1 26*
19% 19% 19* 19% i m anas 20 % 20 *
19% 19*
20* 20% Pa. Mfg. Light & Power! ... (Phila.).... 50 40,352
6 Apr. 14 20% Aug. 5
110* 117* 118 121
“
... . 50 23,997 97 * Feb. 2-1 121 Aug. 3
119* 120* 119% 120 United Gas Improvement!..
110 L 1 0 * 116* l l "
14%
14* 14*
4* 14% United States Oil..... ..........(Boston)___ 25
•14* ...... •14* ...
520 10% Feb. 4 15* June 30
1-1« 1»4
5 3 * 53% 53* 53*
52% 51
51* Welsbaeh Light! ........ .
(Phila.). . . . 5
1.105 3 3 * Feb.
02* July 5
B3H S3.?, 50
•1
1* West Bud Land....................(Boston). ... 25
1% *1
•
1
1
%
•1
1%
1 Jau.
*1
1% * l
1% Jan. 8
20
20
20
2 5 * 26
26
20
26
26
24 Westingh. Electric & M fg ...
44 ; ... 50
2 5 * 25*
943 2 0 * Apr.
26 Aug. 1
55
55
55
55
54
54
55
55
55
55
55% 5 5 * Preferred.............................
44----- 50
2971' 50 Apr.
55* Aug. 5
* Bid and asked prices; no sale was made. XTr. receipts: all instal paid. If Tr. recta. 7 Ex rights, li Lowest is ex d m dend.
B
IN A C TIV E S T O C K S
RAILROADS.—Prices
At Top & S Fe., (Bost)100
Ati A Charlotte(Balt) 100
Balt & Ohio—
”
100
Bos A Maine pf.(Bosfc)10C
Boston A Prov. 44 100
Catawissa........(Phil) 50
1st pref......... 44
50
Central Mass...(Boat) 100
Pref................. “ 100
Central Ohio... (Bait) 50
Chic A W Mich. (Bost) 100
Cit’s St o f Ind«!( Phil) 100
City A Suburb. .( Balt) GO
Conn A Passum(Bost) 100
Conn R iver.... 44 100
Flint A PereM , “
100
Pref.......... .
“ 100
G'nnant’n Pass(Phll) 50
Heatonv M A T 44
50
50
P ref..............
Hunt A Broad T 44
50
a P ref ...................
“
50
i£ C Ft S A M. .(Bost)lOO
P ref................ “ 100
Little Schuylk.(Phll) 50
Mmehill A S H .
Neaquehon’g Y.
■
No A W Branch
Penn AN W ...
Phil A Erie......
Phil Germ A N.
(
United Tr o f P.
P r e f . . . ........
WeBtN Y A Pa.
P ref.............. 44 10(
Wor Nash A R. 44 10(
a MISCELLANEOUS.
AJlouex Mmlng(BoBt) 21
Am Ry El LLY.(Phtl)...
Anaconda Min. (Bost) 21
Anniston Land.
“ 10(
Arnold Mining.
44 2!
Ash Bed Min'it.
44 21
Atlantia MLn’g.
44 21
Baltic Mining..
44 21
Boston Land.. .
Boylston St L ’d
Bid. Ask.
Aug. 5.
13% i s «
113*
15
S2H
8
1U
54
50
28
10
14
is i
162
255 200
11
15
34
36
125
40
08'A
10
40
10
15
50
60
54
130 131
157 158
50
00«
54
35
37
95
97
96
18
136*
255*
12% 13
42H ■13%
105 105H
54
8%
2 3
5
3
120
a*
2%
17« 17*
m
3H
SifiH •2~X
ISM 19
21
2
iii
143
.....
145
3
43
44
70
70X
14%
.....
Edison El HI...
Ft Wayne Elec!
Frankllu Min’tr.
French Bay Ld.
General Elect..
P ref..............
m
3
108
180
irj m
185
2
13%!
13
X
H
40
4«M
95
961,1
S T O C K S ^ 3 0 NDS
MISCELL.—Concluded.
IntB utH A S M “
10
Marsden pref! (Phil) 100
Mergenthaler., (Bost) 100
Morris Canal...(Phil) 100
P ref................ 44 100
Osceola Mining(Bost) 25
Parrott. SOACop “
10
Ponnsyl Salt...(Phil) 50
Pennsyl Steel!. 44 100
P r e f!.............. 44 100
Phil'del phi a Co ( Boat) 50
Pullman’s P al.. 44 100
Quincy Mining, “
Reece ButtonJu, 44
10
Santa Ysabcl G 44
5
Tamarack Min. 44
25
United El Sec.. 44
50
P ref................ 44 100
Water Power.. “
100
Welsbaeh ComY(Phil)100
■ P r e f ! ............. 44 100
Westm’ rel Coal (Phil) 50
Wolverine Min,(Bost) 25
Wollaston L’d. 44
5
Bid.
2
35
180
Asli.,
m
1*82* f [
152 !
49* 49%!
22% 23 '
BONDS
B oston —Concluded.
Ogrl A LCoon 6s/20 AAO
Income 6s............,1920
Rutland 1st 0 s,.’02 MAN
2d 5s.............1898 FAA
West End St5s. .’ 02 MAN
4 * 8 .......
1914 MAS
Gold 4s......1916 MAN
4 s..................1917 FAA
Bid. Ask.
♦ 93
$105
$100
$105
$107
$103
$......
BONDS
1 Hid.
B a ltim o r e —Conclu’d.
West N C con 0s. 1914 J A J 113
WestVaCAP l stOg.’ l 1J AJ 108
WilCoi&Aug 0S.1910 JAD 115
Wil A Weld 5s,. 1935 JAJ 114%
Bonds™ P h ila d elp b iii
Atl City 1st Sag . / 19 M&N|
BuiTalo Ry con 1st 5s. .’31
17*
Catawtssa M 7s.l900 FAA
27 *29* *
Bonds—B a ll I *no r e .
Ches&D Can 1st-5s/10 J AJ
32 I All A Ch 1st 7s. 1907 J&J 11*%
31
Choc Okla AG prior lien 6s
191 1 9 '* ! I AtlG-Ligh 11st5s 1917.1 &D 100
General 0s.... 19 19 .J&J
Balt,
Belt
1st
5s.
199
OMAN
.13 2 112 *
99* 100
Cli's’St Ry(Ind)con 5s.’33
BaltCPas 1at 5s. 1911 MAN U g * U6& Colum St Ry 1si con 5s/32
11 * 12
5
Colum O Crosst 1st 5s..’33
5 * Balt Fundg 5s. 19 16 MAN 122
Exchange 3*s. 1930J&J 106* 10'
157 153
Con Trac of N J 1st 5a,/33
........ Balt&OhiO 4s g. 1035 AAO U 7 * 118* Del A B Bk lst?s /0 5 FA A
Pitt.s&Con 5 g. 1925FAA
East AA 1st M 5s/20 MAN
Stat Isl 2d 5 g. 1920 JAJ
Edison Elec 5s stk tr ctfs.
X
i
Receivers certif 6s.JAD
20
EIec& Peop’s Tr stk tr ctfs
Do Maryland Coustr 5s,
75
Elm&Wilm 1st 6 s /10 JAJ
Do Pit tab A Con 5s.J&J
Income 5s__ 2862 A&O
Do Main Line or— ....
2SX 23%
Eq 111 Gas-L Istg5s.i928
Hestonv M A F con 5s.'24
1H ....... BAOS W 1at 4 * g. 1990J&J 100*
Balt&PlstGsra 11911 AAO
HA B Top con 5s/25 A vO
1st 0s tunnel 1911..J&J
B on d s—Bouton.
Internat Nav 0 s,----1900
Am Bed Tel 7s. 1898 FA A 100
Bal Trac 1st 5s.l929MAN 114
K C Sub B 1st 0S./2O JAD
Ext. A Imp 0S.19O1MAS 103*
A TAS Fgen g 4a/95 A AO Vi
94%
K C P A G lst,5s./28 AAO
No BaltDlv 5S.1042JAD 115*
Adjustment g 4a.. 1995
Lehigh Nav 4 * s ./1 4 Q-J
72
ConvTtlble 5sl9O0MAN 102 *
B A M 3d is 7s/02-07 MAN
R R 4 sg ......... 1914 Q-F
Boston TermT 3 * s. .1947 n o i i i
Cape FAYsr A 0g. 1016J AD 09
Consol 7 s..... 1911 JAD
1st 0s ser B.. 1910 tr rec 44
Bos UnGas 1st 5s.'39 JAJ 93X 93
Gen M 4 * sg ..l9 2 4 Q-F
1st fis ser C.. 1910 tr rec 41
2d M 5s......... 1930 JAJ
80
Lob Y C l lstSsg/S!) J&J
St
Cent Ohio 4*a g /3 0 MAS 102*
Bur A Mo Riv ex'pt. 6s. JAJ 118
Leh Val ext 4s,. 1048 J &D
Central Ry 0s... 1912 J AJ
Non-exempt 0s.’ 18 JAJ
2d 7a.............1910 MAS
109
Consol 5a.... 1932 MAN 115
Plain 4s......... 1010 JAJ | 95
Consol 6a...... 1923 JAD
Ext, A Imp 5s.l932MAS 113
CL BurA N 1st 5s,'20 A&O
Annuity 0s............ JAD
2d M 6s........1918 JAD
04 ...... CharlCAA ext 5a. 1910.1 AJ 107 108% Newark Pass con 5s. 1930
Chcsap Gas0s.. 1900 JAD 103
Ch Bur AQ 4s.1922 FAA 90
NY PhANorlates/23 JAJ
CityASub 1st 5s. 1922.1 AD 114%
Iowa Div 4s.1919 A&O 98
No Penn 1st 4g..’36 MAN
Col&Grnvlat5-6,1917JAJ u e % i‘17*
Ch1cago J line 5s. 1915 J AJ
14
GenM 7s...... ,1903 JAJ
Consol Gas 6s.. 1910 JAD 117
Ch A No M guds. *31 MAN
Penn gen 6» r,..1910 Var
60
Chi A W M gen 5s.'21 JAD UHX
5s.................. 1930 JAD 108
Consol 0a c . ... 1905 Var
Ga &Alal8tpf5fll945A&0 102
Con. o f Verra’fc5a,418 J AJ 78
Consol 5s r .... 19 10 Var
75
GaCarAN 1st5s g. 1029JAJ 91% 0 2 *
Ourr't Sir 1st 5s.*27 AAO
80
CollatTr 4 * s g/18 JAD
D G R A W 1st 4s.’46 AAO 84
81X1 GeorgiaP 1st 5-08 1922J&J 119% 1 2 0 * Pa A N Y Can 7a./06 JAD
GaSo&Fla 1at 5a. 1945J AJ 103* 104
Doralu Coal lBt6s.'13MAS $ 1 0 0
Cons 5s........1939 AAO
Lake R El latgu58’42MAS 115 110
East'n 1st. M 6a g/00 MAS $118%
Cons 4a........1039 AAO
Fr Elfc&M V 1st 6s’33 end $130
MacAN 1st, 4*s. 1990M&S
Penn Steel IstS a/l? M&N
MetSi(Wash)! st5a‘25FA 110
Uust’p’d lst6s/33 AAO $130
People’s IT tr certs 4s/43
Hlin Steel oonvSs.’ lO JAJ $ 91
New Orl Gas 1st 5a... Var 100
92
Perklom istser5s/18 Q-J
Debenture 5a. 1913 AAO $ 89
Phila Elec gold trust ctfs
89* NorthCont4*a. 1925A&0 111
K C C A S ls! 5sg/25 AAO $....... 80
0s 1900..................A&O 105
Ph&Er gen M 5g/20 AAO
6s gold 1900 .......... JAJ 104*
K C Ft SAG 1st 78/08 JAD $112
Gen M 4s g..i9S0 AAO
0s 1904................. JAJ 112*
K C F SAMoou 6a.’28.MAN $t03 103*
Ph A Read 2d 5s/38 AAO
KCM &B 1st 4s..’ 34 MAS $ 79
SerioB A 5s 1926....JA J1 110 %
Consol M 7s.. 1911 JAD
80
Income .......... ....
Con M 0s g... 1911 JAD
$ 3 3 * 35 I Series B 5« 1020....J All 116M
OhioA M1»t7 SI) i 90 5MAN 105
K CA M RyAB 5s/29 AAO $101
Ext Imp M4a g /47 AAO
K C St Jo A C B 7s.'07 JAJ n i 9
Con M o f ’82 4s.’ 87 J&J
120 * Pltta&Con 1st 7s 1898J&J 105
Larns’n St’re S 6a/09 MAS
Pitt Un Trac 5a. 1997 J&J 103*
10-yr a f 5s g,1902 FAA
L Roek&F S l8t7s/05 JAJ f i ’o T ioT i Potom Vat 1at 5a. 1941J &J
Terminal 5a g. 194,1 Q-F
L K&StL1at 0s g/26 AAO
P Wil & Balt 4 h, 1917 A&O
90 | See A vTn (Pitta) 5s’34J &D 111
Scab A Roan 5s. 1020 J&J 101%
Col lat truat 4a. 10 21 J AJ
2d M 5-6 g...,1980 AAO
80
Pitts C&StL 7s. 1900 FAA
Mar H A Out 6a,./25 AAO ^110
Virg Mid 1st 6s. 1906 MAS 111
2d series 0a.. 1911 MAS 117
Mex Contra I 5a. 1917 A AO $........
Read Co gen 4a, 1997 J&J
4s g................1911 J&J $ 02* 03
3d series 6s.. 1910 MAS 114*
Rochcsateh Ry eon 5s. 1930
4th ser 3-4-5s.1921M&S 96
SchRESidel st5s g’35JAD
l at con inc3s gnon-cum
12
5th series 58.1920 MAS 105
Union TermT lat 5s.l*&A
2d con inc 3a non-cum..
*5*
Ya (State) 3s new/32J&J 78*
United N J 4 s..1944 M&S
Now Eng Tel© 6»/99 AAO §100 ”
Fund debt,2-3s. 1991.1 AJ 72*
UnTracPitta gen5a’97.JAJ
............
$ ......
YaATenn 2d 5a.1900 JAJ 100
N YAN Eng 1st 7 s /05 JAJ $113*
5And accrued interest.
8s................... 1900 JAJ 106
♦Price inciudeg overdue
1st mort 6a.. .,1905 J&J $ 1 1 2 *
U5*
107
*07*
97*
I 0*
119
108*
110*
92*
100%
73
110
102 % 108
111
95*
H I*
131
113
118*
130
101
99% too
119 120
108%
120
131M 132
103 '
......
108
105* 106 ’
83
104% 105
Y Unit sted,
coupo ns.
THE CHRONICLE
A ugust 6, i8«8.J
Ittucstment
R o ads ,
WeekorM o
AND
EARNINGS.
The following table shows the gross earnings of every
3 TEAM railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the
gross earnings for the latest week or month, and the last two
columns the earnings for the period from January 1 to and
Including such latest week or month.
The returns o f the street railways are brought together sep
arately on a subsequent page.
Latest Gross Earnings.
Roads
W eekorMo.
1898.
1397.
v
Jan. 1 to Latest Dale
1898.
1897.
$
16,5671
A d iron da ck ...... M ay..........
15,993
95,916
87,098
44.0761 45,311
Ala. Gt. South.. 4 til wk July
970,158
878,410
61,697
44,144
Ala. Midland.. April
257,645
229,914
Ala. N. O. T ex. AI Pac. Jan r
2 2 ,0 0 0 ;
19,000
N Orl. & N. E 1st wk July
712,731
636,542
9,000'
6 ,0 o0
343,612
Ala. A Vioksb. lstw k July
2^2,616
7,0001
6 ,000! 337,675
Vicks. Sli.A P. ■lstw k July
257,125
221,7641
219.887:
1,268.622
Allegheny V a l.. June —
1,151,734
38,042
35.6371
826.011
Ann A rb or.........|4thwkJuly
722,453
7,586
7,511
4 9 ,1 »8
Ark. M idla n d ... M ay.........
36,16
A tch .T . AS.Fe.t J' u n e ........ 3,000.500 2,718,021; 18,788,338 16,031,000
124.5901
668,297
A tlanta & Char May
121,425'
682,954
23.077!
2. ,378
151,970
Atl. Knox. A No. J u e ........
125,213
41,554]
39,283'
A tla n ta * W. P (M ay..........
233,638
226,276
Atlan. A D an v.. 4thwkJuly
10,327
320,163
11,162!
303,779
10,914!
9,542
Austin A N ’ west May
52,380'
75,211
Balt. A Ohio.___'J
1T"
" e ......... 2,328,015 2,208.798] 13,548,023 12,063.769
un
B a ! A O. Sou’i’ w . I tliwkJuly 164.3501 194,251, 3,896,80(5 3,503,741
Bath A Ham'ndsl May
f1.403
1,666
-------------8,578
8,595
1.565
Blr. A Atlantic J u n e ..........j
1,622
12,754
10,419
44,6061 189,533
Brunsw’kA West A p ril......... I 45.950
177.718
Buff. Rock. A Piti 4thwkJ uly | 104,25 | 103,341 2,138,139 1,878,798
52,716
Buffalo A Susq. . Mine....... .
48.867
263,802
270,009
Bur.C. R a p .* X. 4th wk July 105,702 107.96
2.231,839 2.163,002
OanadianPaci tic' 4th wk J ul y 609.0 o 6V7.0 »- ! 13, 20,019 11,819, 96
2,4 -51
24.24 »|
24.445
Car. M idland.... J u n e ..........I
2,536
Cent.of Georgia 3d w k July I 117,692;
81.920 2,753,517 2,618.327
Central o f N. J.. June ....... 1,054,068 1,026,0831 5,747,817 5,526,598
Central PadHo May.......... 1,474,335 1,0*4,817 6,062,41 oj 4,7.8,357
Charleet’nASav April .......
52,2 6
48,074
265,482
240,141
Clias’ nA W .C ar. M arch.......
87,529
79,564
260,457
241,188
Chattan’ga S o.. 3d wk Jul>
1,392
1,384
37,831;
40.966
Ches. A O h io __ jithw kJuly 358,598 306,145 6,634,591 6,307,351
Chic. Bur. A Q.rfj June
' 3,192,949 3,022.133 19,851,751 16,941,-47
Chic. AEast,ill. 4thwkfuly
--------§70,022'
------- 1 ----* - 1 ------ ---77,940
2,314,672
2,193,770
Chic. Gt. W est’nl U hwkJuly 129.808! 140,574 2,977,762 2,669,418
Ohio. Iud. A L 3d w kJu ly
66,38 »
75,642 1.729,1061 1,593,6.0
Chic.M il.ASt.P ; ItliwkJuly ‘•27.-27 903,058 18,294,573j 16,461,876
Chic. A N ’thw’ n. June
___ j ......... 12,995,884 2,914.527 16,994,655! 14,336,809
Ckio.Peo.ASt.L J u n e .........
51,793
66,745
416,035
404,997
Ohlc.R’ k I. A P.. J u n e ......... 1,576,709, L.335,015 9,•■152,6361 7,862,376
Chlo.8t.P.M.AO J u n e ........
614,141
635,538, 3,724,546 3.446,865
Chlo.Ter.Tr. RR. 3d wk July
23,974
20,816
631,148
579,840
33,821
Chic. A W. M ich. 13d wk July
29,172
949,113!
826,93 4
Choo.Ok.AGulf. .May..........
105,°04j
57,767'
641,344
416,599
4,800
Cln.G.&Ports’ tli J u n e ........
5,534!
26,956
27,850
Cln.N.O. A T . P. J u n e ........
411,287 299.334] 2,183,492! 1,719,237
Ctn.Ports.A Vir. M arch.......
22,716j
19,412'
61,403
52,283
Clev.Can. A S o .. 3d wk July
11,848
8,520j
Cl.Cin.Cln ASt. L 3d wk J uly 253,127 253,767] 7,623,079 7,188,931
Peo. A E a s t’n J u n e ____
145,212; 129,385]
914,012!
797,727
43,364!
Cl.Lor. AW heel Ath wkJuly
29,737
839,240!
694,224
Col. Midland___ 'u n e ......... 124,051
145,874
763,037;
783,503
C ol.H .V . A T o l. Ju ly ..........
202,516 155,986 1,427,065 1,271,106
Col. Sand’y A H. (itliwkJuly
23,603
11,022
452,235
403.404
Colusa A L ake,. J u n e .........!
1,101,500
8.550
8,800
Crystal............... M ay............
1,422]
1,471
6,2981
4,443
Cuinb’ Td Valley j M ay.......... ;
62,376
56.5991
312,310
277.429
Denv. A Rio Gr. 4thwkJuly 245,500 221,400 1.554,457 3,853.755
4,433l
DesM . A K a n C . ItkwkMcli'
4,536
4 4,212
37,248
Dee M. N. A W.. jJ u n e .........
43,237
35,733
259,619
192,967
Det.G.Rap. AW 3d wk July
26,378
20,421
774,874
657.113
Det. A Lima No. ItliwkJuly
10,937
9,010
239,202
124,753
Det.A M ackinac M ay..........
51,747
42,180
232.014
213,840
Duluth S.S.AAti'3d wrk July
40,491
&8.49<
965,789
802,013
ElglnJoi.AEast. jJ uly..........
98,811
90,037
850,986
651,669
« rle.....................|May........... 2,826,328 1,716,875 12,766,698 11,989,311
Eureka Springs. M ay..........
4,70 >
21,586
24,122
4,989
iSvana.AInd’plif* itliwk July
9,436!
10,4641
163,948
156,359
Evans v. A T. H. ItliwkJuly
33,382]
36.756
670,581
593,760
Fitchburg.......... M ay..........
615,-2 8 603,8531 2 ,“ 27,949 2,681,922
fflint & P.M arq 3d wk J uly
48,764
48,289 1,579.432 1,470,891
Fla.Cent.A Peu. 3d wk J uly
59,46r 1 34,961 1,710,882 1,319,63)
Ft.W'thADen.C. 3d wk July
23.026!
693,714
563,873
21,226
Ft. W. A Rio Gr. 3d wk July
5,456
213,6(72
152,571
4,749
Gads. A Att. U. June
589!
837
3,642
4,380
Georgl a R R .......3d wk J uly
26,226
23,550
816,886
795,082
Georgia A A la .. 4thwkJuly
26,717
682,690
574,695
20,749
Ga. Car’la A No. J u n e .........
403,494
427,609
52,919
57,533
Geo. So. A F la .. J u n e .........
95,786
482,219
406,927
69,617
Gr. Rap. A I n d .. 3d wk J uly
44,416
41.942 1,111,697 1,006,377
m O in.R.AF t.W , 3d wk July
8,245
239,531
214,321
6,74 9
Traverse City. 3d wk July,
22,499
20,710
1,051
688
Mug. G. R. A l. 3d wk J uly
64,914
58,465
•2,392
2,095
T ot all lines. 3d wk July;
56,104
51,473 1,438,640 1,299,869
Gr.Tr’nk by at’ m id wk July 419,991 457;<339 1 2,653,2 4 3,11,765,897
Chic. A G r. Tr 21 wkJuly!
61,149 1,986,050 l,559,9o9
65,655
Det.Gr.H.AM 2d wk July
495,790
------459,519'
1
17,271]
17,208
Great North’n—I
St. P. M. A M J u n e ..
.1 ,4 2 3 ,6 >7 1,146,547] 7,858,773, 6,128,013
669,965
East o f Minn. J u n e ..
119,509
710,870
.
U 0 ,1 3 i
961,359
M ontana Cent J u n e ..
998,713
184,218
. 1 5 7 ,46 2
Tot. system Jone ..
. 1,6 9 1,25 3 1,480,274 9,574,362 7,759.337
10,127
80,312
57,842
15,110
GTfB'uiuiAK.C. June ..
2,473
23,4 74
20,697
Gulf A Chicago. J u n e ..
J
2,352
5,0 4 1
24,400
24,399
H oos.T ud .AWH. Jon e ..
.
4,764
179,227 1,108,857 1,102,773
Hous.ATex.Cen M ay ...
.1 178 ,33 9
. *2065303 1793454 (13158238 * 10701694
Illinois Central f June ..
32,218 1 140,363
137,464
Ind. Deo. A West. A p ril..
.1
3 5 ,7 5 0
64,642
386,230
340,563
Ind. (11. A Iowa Ma y . . .
.
6 7 ,0 2 2
69,841] 1,834.426, 1,765,357
In.AGt.North’n 4tliwkJ v!
7 5 ,8 2 9
17,980 1.757,7001 1,439,340
Ifnteroc. (Mex.) Wk Jill.
53,6 00
July 16
885,835
Jnwa Central .. 4t.hwk,
erkJulyl
4 7 .7 0 4 1 41,581* 1,027,056
$
.
1898.
1897.
Jan. 1 to L at at Data.
1898.
$
fUilroad Intelligence,
RAILROAD
269
Latest Gross E arnings.
1
1897.
Iron R a ilw a y ... June
4.044
2,483
25,742.
18,018
Jack. T. A K. W J u n e _____
30,653
23,633
186,036
165,311
Kanaw’a<fe Mien 4th wk July
12,709
17,063)
312,642
293,279
K. C. F. Scott AM . j3d wk J uly
72,775
76,242' 2,586,243 2,420,774
K.O.Mem. A B ir .13d wk J uly
21,989
16,064
818,693
623,370
Kan. C. N. W ...J j u n e .........
24.115
21,4851 169,907
155,314
Kan. City A Om. ]3d wk July
3,847
5,008!
134,148
129,448
K. C. Pitts. AG.|4thwkJuly
84,621
83,275 1,799,354 1,088.182
Kan.C.Sub.Belt. 4thwkJuly
14,728
13,005
267,371
201,155
KeokukAWest.c 3 d w k July
8,502
10,297
293,132 • 288,843
L. Erie A W est. 4th wkJ uly
91,392
98.793 1,910,492 1,906,288
Lehigh A H u d.. June
33,441
30,081
178,297
163,915
Lehigh Val. R R . June
1.492,659 1.418,186 8.429.587 8,142,523
Leh. V. Coal Co. June
1.155,950 1,233,520 6,491,127 6,378,075
L ex’gton A E ast. May.
19.026
20,307
88,065
85,962
L onglslan dR R July.
528,47(' 525,925 2,366,012 2.207.798
Long Is. System. June
481,799 472.635 1,936,082 1,794,740
Los Aug. Term. June
7,479
8,459
39,0^0
39,749
Louis.Ev.ASt.L 2d wk J uly
25,593
23,826
779,804
701,348
Lou. H. A S t. L. 3d w kJu ly
9,776
10,658
207,600
240,116
Louisv.ANashv, 4 tli wkJuly 598,785 628,832 12,704,973 11,574.846
Macon A B irm .. June
2,823
3,672
26.095
28,118
Mani8t iq u e ___ June
10,649
15,800
59,653
60,318
IM exican Cent. 4th wkJuly 350,064 305,652 7,739,060 7,503,759
M exican Inter’! June
271,929 236,929 1,665,972 l,n42,766
JMex. National 4th wkJuly 159,139 153.689 3,522,039 3,441,969
Mex. Northern May
44,352
48.715
228,793
271,749
IMexican R’ wav W kJuly 16
76,800
74.000 2,242,800 2,018,000
M exican So....... 2d w kJuly
13,830
11.286
362,682
387,632
Mi nneap. A St.L, 4th wkJuly
42,661
55.715 1,152,274 1,088.836
M.
St.P.AS.St.M.
3d w kJuly
66,123
74,185 2,020,117 1,811,280
Mo. Kan.’A Tex 4th wkJuly 275.455 313,744 5,755,573 5,737,213
M o.Pac.AIrouM 4th wkJuly 777.000 775,0b. 14,261,114 12,539,312
Central B r’ch. 4thwkJuly
44.000
44.001
749,354
570,496
T otal.......... 4th wkJuly 821.00
819,001 15,010.468 13,109,808
Mobile A Birm 3d wk July
4,282
5,187
196,114
166,247
Mobile A O hio.. Ju ly.......
339,700 299,143 2,411,644 2.176,172
M ont.AM ex.G’f J u u e ___
114,162
99,739
762,189
670,290
Nash.Cli.ASt.L J u n e ___
422,286 463,242 2,735,720 2,550,100
N e vadaCentral. A p ril___
3,004
2,035
14,175
9,865
N. Y. C .& H .R , J u n e ___
3,625,400 3,89 j ,713 22,172,423 21,341,676
N. Y. Out. A W .. 4th wkJuly 127,123 140,237 2,087,616 2,175,683
N. Y. 8 usq. A W M ay..........
185,850 181,922
863,250
826,663
Norfolk & West 4th wkJ uly 186,767 214,993 6,294,892 5.977.799
Northes’ii (Ga.). A pril.........
3,980
24,630
3,565
19,971
Nortke’s’n(S.C.) March.......
50,230
45,870
162,676
160,159
North’n C entra! J u n e ......... 507.302 472,276 3,012,494 3,026,391
North’n Pacific 3d wk J uly 433,962 411,748 11,476,942 8,775,751
Ohio R iv er____ 4 th wkJuly
21,0j 2
500,0 5
18, ~>28
503,845
OhioRiv.AChas. J u u e .........
11,091
11.533
99.770
86,661
Ohio R iv.A L .E M ay..........
2,800
12,255
1,901
10,809
Ohio Southern.. J u u e .........
47,066
44.088
314,963
309,671
Oui.Kan. C.A E 2d wkM ch
14.246
11.533
158,55
114,754
Oreg.RR.ANav. 4th wkJuly 114.017
99.794 3.765.588 2,406,421
Oreg. Sh. L ine.. J u n e ........
601.303 586,479 3,053,453 2,706,005
Pac. Coast C o.. M ay.........
432,060 309.60b 2/292,512 1,296,687
Paeitic Mail....... M ay.........
326.330 396.374
Pennsylvania!) J u n e ....... 5,248,435 5,185,335 31,363,511 29,589.511
PeoriaDeo.&Ev. 4thwkJuly
483,028
29,333
21,925
497,873
P etersburg..
J u u e .........
343.937
52,149
60,427
311,713
Pliila. & Erie
M ay..........
391,611 354,7x8 1,515,004 1,490,552
Pliila. A R ead ... M ay.......... 1,697,546 l,6 1 3 ,lo 2 8,280,40.: 7,719,901
Coal A Ir. C o. M ay.......... 1,802,851 1,637,609 7,931,568 7,186,362
Tot. both Co’s. M ay.......... 3,500,397 3,250,7 LI 16,211,973 14,906,263
P h i! R. A N. E J u n e .........
304,632
56,852
58.348
287,859
Phil. Wilin. A B. J u n o ........
896,717 752,417 4,641,183 4,276,083
Pitts.C.C.ASt.L, J u n e ........ 1,176,630 1,188,613 7.539.28 i 6,789.667
Pitts. Lisb. A Wn J u n e .........
3,203
21,917
3,627
22,838
Pitts.Bes.AL.E. Juue .......
122,509
502,535
52,069
265,039
Pitts. A Wes’ ii.. 3d wkJuly
959,950
34,803
29,972
911,354
Pitts. C ! A T o ! 3d wk J uly
19,109
18,32 >
57-*,268
414,009
Pitts. Pa. A F. 3d wk July
182,040
8,764
6,348
172,928
Total system 3d wk July
55,143
62,6 6 1,723,144 1,534,006
Pittsb.Yo. A A .. .1u n e ......... 148,885 182,520
58.q313
714,387
Ricli.Fr'itsbAP. M ay..........
76.474
356,418
100,561
306,165
Rich.A Petersb. I u n e .........
204,124
178,520
31,354
37.774
Rio Grande Jet. M ay..........
104,850
138,497
22.196
33,159
RioGraude So’n 4th wkJuly
205,320
257,291
10.043
1 5 ,lo l
Rio Ur’ de West. 3d wk J uly
04,000 1,727,358 1,369,994
64,100
St. J o s .A G r.I... 4thwkJuly
587,501
651,016
22,406
28,019
St.L.Cki.ASt.P. „June
___
142,291
158,557
23,886
23,462
24,992
29,458
St.L.Ken’etA S o jju u e ........
4,855
5.246
8 t.L.ASanFran. 4th\vkJuly 173,038 174,180 3,799,971 3,383,490
2,374,330
2,760,179
bt.L.Southwest. 4 thwkJuly 129.810 115,616
St. Paul A D u l.. IJ u n e ___
685,884
652,177
119,752 147,793
San. Ant. A A. P M a y .]’ . . . .
777.254
761,582
129,209 144,858
368,932
334.629
San Frau. A N .P .J u u e .........
71,093
65,944
298.822
341,936
S. Fe Pres. A Ph. lstw k J ’ne
13,953
17,323
271.810 257,937 1,152,807 1,130,077
Sav.Fla.A West. A p ril........
124.255
126,455
3,844
Sher.Shrev.Atto. k th w k J ’ne
5,184
64,010
811. Spre. O. A G.| A p ril.
62.494
23,305
18,239
S ilv e rto n .......... *June.
6,913
2,500
100.871
Sioux C. A N or. June .
111,981
20,763
16,955
10,788
12,454
2.535
3,100
So. Haven AEast' J u n e ___
So. Paoltic Co.
1,810,574
2.249.969
Gal.H ar.AS.A M ay.......
474,441 337,937
406,340
506.952
Louis’ a. West. M ay.......
70,941
99.832
Morgan’sLAT. M ay.......
490,330 383,273 2,524,572 2.076,954
11' 6.751
N .Y .T . A Mex. M ay.......
125,516
23,341
22.495
634.285
657.848
Tex. A N . O r !. M ay.......
133,264 1; 8,957
Atl. P rop ’tes.5 M ay.......
1,235,370 944.565 6.177.969 5,128,068
So. Pac. of C a ! M ay.......
945,835 789,270 4.532.029 3,753,936
So.Pao.ofAriz. M ay..........
288,323 212.838 1,470,631 1,062,817
576,007
734,378
So.Pac.ofN.M . M ay..........
161.699 126,870
787,761
884,268
Northern R y .. M ay..
202.800 172.722
12,220,807
15,487,934
Pacitio system M ay..
3,511,737 2,651,238
Total of all.y M ay..
4,955,915 3,807,307 22,971,098 18,609,936
Southern R .y .#
„ .. 4thwkJuly 673,328 533,476 12.086,957 10,848,587
631,292
738,194
31,455
32,1 5
Memphis Div. 4thwkJ’ne
6,025
5,057
2,019
1,860
StonyC ! AC.Mt. May
118,038
142,343
3.846
4,912
Texas Central.. 3d wk July
3,517.013
3,993.128
Texas APaoitio. ItliwkJuly 169,704 168.798
15,194
20.773
2,005
Tex. 8.V.A N.W. J u n e ........
2,995
925.285
32,894 IJ'17,475
Toi. A Ohio Cent. 4 th wkJuly
47,03 i
470,224
512.389
15,588
T o ! P. A West.. 3d wk July
14,988
62,326 1,207.735 1,222,264
64,7o3
T o !S t. L. A K.C. 4tliw kluly
Union P ac.R R .. J u n e ......... 1.385,445 1,260,931 7.670,579 6,736,832
2,018.682 1,800,962
75,551
7 4,9 >2
U u.P.D eu.A G .. 3d wk July
Wabash............. 4th wkJuly 375,652 353,629 7,464,191 6,362,899
85,382
69,530
14
451
10,nil
Waco A North w May
vR H
229,924 225,2o5 1,058,751 1,027,1
W.Jersey A ^ea’e J u u e ........
98,239
95,572
W. V.Oen.&Pltts M ay..........
119,252
34,547
117,942
35,085
WestVa.A Pitts.! A p ril........
259,731
46,214
257,170
48,166
Western of Ala. M ay..........
62,000 1,546,332 1,465,536
58,700
West. N. Y. A Pa. 3d w kJuly
806,727
563,862
24,(l58
33,591
Wheel. A L. Erie 4th wk J illy
270
THE CHRONICLE.
Latest Cross K a m in g s,
Rt>A.I>8,
>an. 1 to Latest Date.
------------- ----- ------- -------------------------------------------------------- ---------------------------
W ttkorM o
W Hkesb.AEnat AprU.........
WU.Col. .V A uk M arch.......
Wisconsin Cent, tthwkjltly
W rigblsv.ATen. May .......
York Southern- .May .........
1898,
1897.
1898.
1897.
$
34,497
09,2701
123,780!
5,710
6,236'
$
$
$
27,433
...........
............
56,180
205,092 186,357
IS ,9 3 1| a ,727.776' 2,354.992
5,373
35,709
33,108
5,700
29.4911;
25,826
a These azures include results on loused lines. * luolndas earnings
from ferries, ato.. not given separately. c In eludes De.i M oines A
Kansas City for all periods.
d Inaludea operations o f tlie Ohio. Bur
lington * Northern In both years.
e Includes results on A. T. * S,
Fa. G ulf Col. A s F«, g. Fe Paoido (old A tlantic A Paolllol and So.
Cal. R y ,
f Includes the I’ actllo system , the A tlantic properties and
the Houston .V Texas Central system. B eginning J u ly , earnings o f
Memphis D ivision and M lddlosborough & Allien branches are includ ed
fo r both years.
I Includes Jhosapeake A Ohio So’ western, Ohio V alley and, Ohloago
and Texas for 1893 but not fo r 1397
1 M exican currency.
| Copers results o f lines d irectly operated east o f Pittsburg.
Latest Gross Earnings by Weeks — The latest weekly earnngs in the foregoing are separately summed up as follows:
For the fourth week of July our preliminary statement
covers 47 roads and shows 0 89 per cent increase in the
aggregate over the same week last year,
4 th xcetk o f July.
A labam a Gt. S outhern...
At!antie A Danville-----Balt. A Ohio Bonthwess..
B a il, Ccd. R*p. & N o ,....
Canadian PaoiHo----------Chesapeake <b O h io ..—-.
Ohlcatro A East. Illinois.
Chicago Mil nr. A St. Paul
Clev. Lorain A Wheel’s . .
Col. Sandusky & Hock’ g .
D enver A R io G ran de...
Det. A Lima N orth......
Bvansv. A Indianapolis..
Evansv. A T erre Haute,.
Georgia A A labam a------International A Gt. N o..
Kan. City Plttsb. A Gulf
Kan. City Sub, B e lt— «
Kanawha A M ichigan---Lake Erie A Western ...
Louisville & N ash v ille...
M inneapolis A St. L oals.
Mo. Pacific A Iron M t___
Central B ranch............
N. Y. Ontario A Western
P eoria Deo. A E v a n s v ...
R io Grande Southern—
Southern R a i l w a y . .
8t. Joseph A Gd. Island.
Bt. Louis & San F ran___
St. Loots Southwestern..
Texas A P acific. ............
Toledo A Ohio C entral...
Toledo St. L. A Kan.City.
W heeling A Lake E r ie ...
W isconsin Central___ . . .
Ti.tal (47 road s). . . . __ .
Nat Inorease (0 ’89 p. o.)..
1898.
1897.
*
44,076
38,042
10,327
161,350
104,250
105,702
009.000
358.598
77,940
129,808
827,827
43,364
23,603
245,500
10,987
9,436
33.382
26,717
75,829
47,704
84,62 ’
14.728
12,709
91,392
598,785
350.061
159,139
42,00 275.455
777,000
44.000
127,123
186,767
i8i52 8
114.017
21,925
15,161
673,3222,408
173,038
129,810
169,704
47,035
64,763
375,652
33,591
123,780
$
45,811
35,637
11.162
194,251
105,341
107,964
667,000
306.145
70,022
903.058
29,737
11.022
221,4 JO
9,010
10,164
36,756
20,749
69,841
41,581
81,2 5
13,005
17,063
98,793
628.832
305,652
153,689
55,715
313,744
775.000
44,00140,237
214,983
21,032
89,794
29,333
10,048
533,476
29,019
174,180
1X5,616
188,798
32,394
62,326
353,629
241058
130,931
7,733,634
7,665,642
Increase.
$
2,405
Decrease
*
1,735
835
29,901
1,091
2,262
58.000
52.453
7,918
13,627
12,581
24,100
1,987
5,968
5,988
6,123
1,346
1,723
44,412
5 ,i5 0
____
10,766
75,231
. . . ..
1,028
3,374
__ r___
........
4,354
7,401
30,047
13,65*4
38,289
2,000
13.114
28,216
2,504
14,223
5,118
139,852
....
14,194
906
14,141
2,437
22,023
9,533
7,403
........
5,613
1,142
____
__ „ - , ml
__ ____
........
7,151
410,508
67,992
342,516
For the third week of July our final statement oovers
82 roads, and shows 8'68 per oent inorease in the aggregate
o ver the same week last year,
3d weeK o j July.
P reviously rep ’d (74 r’ds)
Olev.Canton A South'n..
Duluth Bo. Shore <fc A.ti .
Fla Cent. A Peninsular.
F t Worth A D enver City
Kansas City A Omaha . . .
Keokuk A W estern..........
Texas C e n t r a l ........ —
Un. Pao. Den. A G u lf....
Total (82 r o a d s )....... ..
Nst Inorease (3’68 n. o.t..
1898.
|
1897.
Increase.
$
|
$
7,256,446 7,020,241
8,520
11,848
40,491
33,490
59,408
34,981
21,226
23.028
3.817
5,008
8,502
10,297
4,912
3,841
74,902i
75.551
$
467,663
3,328
2,004
24,505
1,800
7,218,143
500,366
265,300
7,483,443
(
1,066
Decrease.
$
231,461
.... .
1,161
1,795
649
235,066
------- -
For the month of July 58 roads (all that have furnished
statements for the full month as yet) show aggregate results
as follows :
Month o f July.
1898.
1897.
$
$
Gross earnings (56 roads) 24,423,483 23,773,205
Increase.
$
650,278
Per Cent.
2-74
It will be seen that there is a gain on the roads reporting in
the amoant of $650,278, or 2'74 par cent.
vol
j l x v ii ,
— gross Sarnttiai. — ■, - — R e t S a r t s m g s . —
1898
1897.
1898.
1897.
Roads.
S
*
$
A tcli.T op A S .F e .b . Juno 3 .0 0 ,5 0 0 2,718,021
(691,819
1436,7X7
Jan. 1 to June 3 u ...1 8,78 8.33 8 18.081,000 1.480.375 3,130,782
July 1 to June 30. ...3 9 ,2 1 4 ,0 9 9 3J,63J,6lO (10707704 (8 ,390 ,429 '
Balt. A Ohio South.b.,rline
573,010
531,420
104,645
189,594
Jan. 1 to June 30 . . . 3.a87,’M 9 2,907,974
8 5 1 ,1 .0
857,294
July 1 to June 30 . . . 0,885,028 6,140,000 1,996,237 1,882.696
BuOalo A 8uao.ueh.il.Juno
52,713
43,867
19,379
19 ,913
Ian, 1 bl June 3 0 ....
263,802
270,039
94 951
122 467
July 1 to June 3 0 ....
625,692
579.793
261,912
293,175
Gent, o f G eorgia.n. June
356,255
331,757
80,673
70,899
Jan. 1 to June 3 0 .... 2,484,053 2,330,535
041,197
701,6 43
July l to Juuo 3 0 .... 5,507,009 5,280,695 1 ,3 50,0 2} 1,328,13;
OMo. Burl,AQuln.O.June 3,192.SU9 3,022,131
8 )9,451
951,381
Jan. 1 to Juua 30 ...1 9 .8 5 1 ,7 5 1 16.941,847 6,812,025 6,2 78,0 91
Ju ly 1 to Juno 30 ..4 2,800,162 35,526,186 16,527,944 14,322,270
Okie. R 1st & Pao n June 1,576,709
,576,r09 1,383,015
(393,781
1387,348
Apr. 1 to Juue 3 0 ___ < ,803,130 3,906,064 •
t 1,365,022 !1 ,0 2 1,299
Del. Lack, a Western—
N. Y. Lack. A West’ n b —
Apr. 1 to June 3 0 ..., ,640,488 1.576.833
535.285
630,808
Jau. 1 to June 30 . . . 1.062,884 2,812,364 1,040,091 1,082.68 5Syr. Bing. & N. Y .b —
Apr. i to June 3 0 ___
223,38 L
205,703
101,143
89.282
385,313
Jau. 1 to June 30 . . .
373,037
140,276
155,449
7 LI,724
Dan. St R, Grande. b .J u m
610.816
288,9 18
277,409
Jau. I to June 3 0 ___ : ,867.4*>7 3,17o,H55 1,538,681 1,333.309
July 1 to June 3 0 ___ i,342,926 6,945,114 3,325,327 2,869,778
96,252
97,174
G eo rg la .a ..................June
2,536
*4,566
733,275
Jan. I to June 30 . . .
727,180
135,373
157,506
July 1 to June 3 0 ___ .,616,117 1,590,659
*393,029
•451,363
83,002
18,166
Georgia A A lab'a.a .Jan e
76.131
12,578
496,644
Jau. 1 to Juno 3 0 ___
503,405
137.337
101.248
July 1 to J udo 3 0 ___ .,226,383 1,021,837
350,409
284,055
42,155
47,968
Kanawha & Mioli b J one
13,229
12,688
268,574
Jan. 1 to June 30 . . .
243,037
66,521
55,862
560,046
July 1 to Jim e 3 0 ___
431,581
153,956
119,911
53.596
L acledeG as-L. Oo...,Tuly
52 ,800
504,594
Jan. 1 to July 3 1 ....
454,011
Lehigh & H udson, b —
83,321
Apr. 1 to fuue 3 0 ___
78.489
3 6 ,8 )6
35,960
441,202
426,751
Long Island K R .b .-J u n e
20 >,696
18 3,635
,937,542
1,681,873
425,283
Jan. 1 to June 3 0 ___ ]
368,395
July 1 to Juno 3 0 ___ ‘ ,333.194 3,954,886 1,343,821 1,225,916
481,799
472,6*5
Long Jsl’ d R R . Sys b ju n e
208,640
197,557
317.579
Jan. 1 to Juno 3 0 ___ 1,933,932 1,794.740
417,679
July 1 to June 30 . . . ■1,633,956 4,329,571 1,449,594 1,297,9 31
382,262
Mexican C en tral....J u n e 1,104,2^7 1,080,805
315.725
Jan. 1 to June 30 . . . ( ,739,293 6,567,753 2,161,210 2,19 L.516
479,649 C230.567 c223 ,247
Mexican N ational.. June
505,177
IJaa, l to June 3 0 ___ 3,035,098 2,999,024 e 1,376,616 e l , 440.725
M obile A O h io .a ___June
303,004
301,597
58,110
86,063
Jan. 1 to June 30 . . . 2,071,944 1,377.329
481.971
519,785
July 1 to J u n e 3 0 .... 4,207,319 3,867,853 1,299,745 1,283,896
Norfolk & WeRt’u.a..Tuue
824.772
842,391
203,071
201,943
Jan. 1 to June 3 0 .... 5.463,967 5,1 20.1-1 1,465,737 1.363,935
July 1 to June 3 0 ....1 1 ,2 3 6 ,1 2 3 10,537,723 3,350,024 2,634,273
Oregon Short L in e.a June
601,303
536,479
319,8*5
313,508
Jan. 1 to June 3 0 . . . . 3,053,453 2,706,005 1,422,194 1,222,808
July 1 to Juno 3 0 .... 6,317,058 5,726,248 2,723,593 2,2 41,869
Pennsylvania—
Lines directly operated—
East o f P itts.A E .J 'n e 6,248,135 5,185,335 1,228,025 1,321,225
Jan. 1 to June 3 0 ....3 1 ,3 6 3 ,5 1 1 29,589,511 8,538,950 8,431,350
W estof Pitts. A E. June
D e o . 37,400
Deo
355,700
Jan. 1 to June 3 0 ....
I u o .2,083,300
Iu o .
11,500
Phils.Wilm. A B alt.bJ’ne 896,717
752,417
259,635
150,035
Jan. 1 to June 3 0 ....
4,841,183 4.276,083 1,020,994
888,094
Nov. 1 to Juno 30 . . .
6,140,145 5,621,145 1,117,593 1,227,593
Rio Gr’nde South,b. June
38,335
35,681
20,953
14,722
Jan. 1 to Tuue 3 0 __
217,404
175,541
113,851
67,482
July 1 to June 3 0 ....
129,906
404,228
200,272
174,439
810 Grande W est.b .Ju ae
305,112
255,528
117,237
114,692
Jan. 1 to June 3 0 ....
1,562,058 1,173,994
599,76?
423,521
July 1 to Juno 30 . . .
3,362,288 2,468,504 1,293,111
863,960
St. J ob. A Gd. Isl.. u .J ’ne
78,943
65,648
12,903
894
Jan. 1 to June 30 . . .
572,857
503,122
166,090
114,170
July 1 to June 3 0 ....
1,232,499
939,087
421,469
131,931
Southern R ailw ay—
Memphis D lv .a ...J u n e
100,030
103,449
18.104
21,195
Jan. 1 to June 3 0 ....
738,194 631,292
177,336
113,077
July 1 to June 30 . . .
1,552,501 1,360.602
402,648
335,097
Toledo A Ohio Csn.h. J'ne
156,869 151,809
50,918
41,425
Jan. 1 to June 3 0 ....
873,193 825,681
254,791
234,328
(July 1 to June 3 0 ....
1,779,615 1,750,570
533,919
465,707
Union Pao. R v .n .. June
1,385,445 1,260,931
622,738
382,200
Jan. 1 to June 30 . . .
7,670,579 6,736,832 3,136,161 1,979,099
W. Jersey A Seas’ e .b J ’ne
229,921
225,285
50,755
18,87 8
___Jan. 1 to June 3 0 .... 1,058,751 1,027,123
178,033
1 7 5 ,1 3 0
a Net earnings here g iven are after deducting taxes,
b Net earnings here g iven are b efore deduotlug taxes.
* A fter allowing for other inoom e reoelved, total net for June 1897
was $19,566 aud from July 1 to Jane 30 was $155,557, against
$559,163.
© Deducting other expenditures for repalre.replaoem ents and general
exoenscs, n et inoom e applicable to interest bn bonds In Juuo was
$94,663, against $97,850 last year, and for January 1 to June 30
$553,338, against $765,521. This is the result in M exioan dollars
treated (aooordlng to the oom pauy’s method o f keeping its accounts)
as equivalent to 80 cents In United States m oney—that Is, depreci
ation beyond 20 rier oent has already been allow ed for.
i For June, 1898, taxes and rentals am ounted to $116,857, against
$157,349, and from July 1 to Juno 30 $1,715,664, against $2,093,821,.
after deducting which, net for June, 1898, was $544,782, against
$279,368. From July 1 to June 30, net, after deducting taxes and
rentals, is $8,992,100, against *6,302,698.
Net earnings li ire given include other Incom e reoelved .
Interest Charges aud Surplus.— The following roads, in
addition to their gross and net earnings given in the fore
going, also report charges for interest, & c., with the surplus
or defloit above or below thos3 oharges.
.---- Inl., Rentals, <tc. — . — Bal. or Net Rarn'gs.—.
Net Earnings Monthly to Latest Dates.— The table fo llo w
ing shows the gross a id net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from whioh monthly returns can be obtained, is given
1898.
1897.
1898.
1897.
once a month in these columns, and the latest statement of
Roads.
$
$
$
$
876,201
9,451
75,160
this kind will be found in the Chronicle of July 23, 1898. Ohio. B u rl.* Q u in cy..!u se. 890,000
.. Jn l.rl to June 3 0 .... 0,680,000 10,514,422 5,847,944 3,807,848
The next will appear in the issue o f August 20, 1898.
Zmm
THE
A ugust 6, 1898.]
CHRONICLE
,— Int.. rentals, die.—* r-B al. o f N el E a r n s >
1897.
1898.
1898.
1897.
Roads.
$
$
$
$
342,501
70,932
Chic. R. Isl. A P a o ....J a n es 322,952
44,347
963,556 1,027,504
416,466 def 3.203
Apr. 1 to June 3 0 ....
225,210
201,117
63,733
D e n v e r * R io Gr’de.Jane
76,292
848,503
July 1 to June 3 0 .... 2,476,824 2,365,582
504,196
G e o r g ia * Alabama—
272,100
303,017
47,443
July 1 to June 3 0 ----11,955
12,367
10,534
*321
Kanawha A M ich....June
*2,695
139,562
123.059
*14,394 *def 3,143
July 1 to June 3 0 ---103,622
103,823
*118,574 *106,965
L ong Island R R ___ June
*243,875 *102,205
July 1 to June 3 0 .... 1,229.815 1,238,556
114.905
*115,216 *104,805
Long Island RR. 8ys. June 114,924
*213,569
July 1 to June 3 0 ___ 1,365.894 1,371,775
*41,051
14,165
3,055
17.898
B io Grande South’n. June
557
192.684
170.968
7,588
Ju ly 1 to June 3 0 ___
3,471
40,331
34.494
*16,756
^•ledo A O. G en t....Jun e
*4,?00
467,477
464,539
'79,6 35
*6,437
July 1 to June 3 0 ----* A fter allow ing for other Incom e received.
271
week, but once a month (on the third or the fourth Saturday)
we bring together all the roads furnishing returns, and the
latest statement of this kind will be found in the C h r o n i c l e
of July 23, 1898. The next will appear in the issue of
August 20, 1898.
Roads.
Amsterdam St. R y..Junc
Jan. 1 to June 3 0 ___
Columhu8(0.)St. Ry. June
Jan. 1 to June 3 0 ...,
nv. Gas E1.-L. &8t. Ry. J ui
Jan. 1 to June 3 0 ....
Denver Con. Tramw. June
Jan. 1 to June 3 0 ....
North Shore Tract’ n. J une
Jan. 1 to June 3 0 ....
Oct. 1 to Jane 3 0 ...,
Gross E arnings.1898.
1897.
$
$
4,918
4.170
25,101
22,441
56,502
51,218
324,339
232,900
> 8,138
8,206
53,003
50,831
68,773
62,854
351,637
339,417
137,161
130,228
640,954
633.584
986,491
951,502
■Net E arnings.1898.
1897.
$
$
1,243
92 6
5,330
3,914
28,939
27,398
167,440
147,405
3,575
3,220
23,929
22,993
26,872
26,233
135,992
142,271
60,036
53,587
233,302
231,003
363,985
351,976
Interest Charges and Surplus.— The following S t r e e t
railways, in addition to their gross and net earnings given in
The following table shows the gross earnings for the latest the foregoing, also report charges for interest, &o., with the
period of ail s t r e e t railways from which we are able t o ob surplus or deficit above or below those charges.
- Int., rentals, etc.—
-B a l. of Net Earn’s.-*
tain weekly or monthly returns. The arrangement of the
1898.
1897.
1898.
1897.
t a b le is the same as that for the steam roads—that is, the
Roads.
first two columns of figures give the gross earnings fo r the Denver Con.Tramw. June
18,157
18,797
8,715
7,436
Jan. 1 to June 30 . . .
112,556
111,669
23,436
30,602
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including such
latest week or month.
STREET RAILWAYS AND TRACTION COMPANIES.
ANNUAL REPORTS.
STREET R A ILW A Y S A N D TRACTION COMPANIES.
GR08S
E arnings .
Latest Gross Earnings.
WeekorXo\ 1898.
1897.
\Jan.l to Latest Date.
1898.
1897.
I
$
*
9.354,
8,334
39,725
42,251
A kron B e d fd A C le v .! Tune .
J u n e ......... 54,^33 46,431
A lbany Railway.
25,101
4,9181 4 17c
Amsterdam St. R y .-. June
22,441
8.897i
45,042
9,871
A tlanta Railway . ... J u n e ........
40,930
.Baltimore Con. Ry.*... June ....... 224,929 217,979 1,113,717 1,080,423
1,932
7 ,5 4 !!
1.721;
7,013
Bath St. Ry. (Maine). M ay..........
7,242
38,403
Bay Cities C onsol---- J u n e ........
6,554|
3 ’ ,633
14.825 12.770,
71,576
65,343
Binghamton 8t. R y ... J u n e ........
B ridgeport Traction. June . . . . . . 33,019 27,746, 162.087! 147,941
Brockton Con. St. Ry. J u n e ........ 31.507 29.872 155,Q13 151,281
B rooklyn E levatedt. A p ril........ 1127,825 U5O.80O 1553,600 t581,951
B r’ klyn Rap. Tr. Co.—
Brooklyn Heights i
572,116 489,403|3,439.471 3,070,518
U klynQ’ ns A Sub. J J u ly ..
Charleston City R y .. June .
84,154
16,190
Gin. & Miami Val.. .. June .
11,293
Citizens’ 3t.Ry.,Indp. April..
79,902 68,031 315,395 283,626
Citlz n9*(MuncieInd.) M ay ..
5,327
26,745
5,671
*2,872
2,541
2,572
City Elec. (Rome.Ga.) June ..
11,09 4
10,043
Cleveland E leotrlo... Jane .
141,161 139,616 823,160 779,696
June .
Cleve. Painsv. A E.
8,093
36,203
41,367
8,987
Columbus St. Ry. (O.) J une .
f56,502 51,213 324,389 282.900
ConsollM Trac. (N. J.) April..
252,290 2o8,813 965,245 883,540
D an v.G as El. L ig h t*
53,003
8,206
50,831
Street R y ................. J u n e __
8,138
D en ver Con. Tramw.. J u n e . ..
68,773 62,354 351,637 339,417
D etroit Citi’ ns’ St.Ry.
w k July 24,972 24,422 629,868 5^4,067
J u n e ......... 32,123 33, 9 l 193,685 199,890
D etroit Elec. Ry
89,552
91,622
Dulath 8t. R y ...
J u n e ......... 14,803 15,232;
Erie Elec. Motor C o .. February.. 10,103
19,374
21,089
9,116
Ft. W ayne A Belle
Island (Detroit) — June ...
80,310
87,677
15,140 13,967;
Galveston City R y ... March..
15,668 14,559
Harrisburg Traction. June ...
24,311 20,207, 118,773 102,244
Herkimer Mohawk II20,435
ion & F’ bfort El. Ry. June .
19,458
2.799
2,808
Houston Elec. St. R y.'M ay
74,470
16,658 17,231 j 71,707
Interstate Consol, oil
North A ttleboro___ 'March
26,843
9,523
27,801
10,297
Kingston City R y...... 1J une .HHSP 8,738
24,818
4,736
29,377
48,936
8,512
Lehigh T r a c t io n ....... 'J u n e ......... j 0,738
44,533
33,952
L ondon St. Ry. (Can.). M ay...........I 7,894
7,714
37,024
Lowell Law. * H a v .. J u n e ......... 43,312 41,553 200,250 192,869
M etrop.(Kansas City) 3d wk July i 41,884 35,739 1,077,802 903,238
Metro. W. Side (Chlo.) J u n e .........j 9 7 ,8 19
612,418,
21,582
M ontgomery St. R y .. M ay...........j 5,500
5,4781
22,7381
M ontreal Street R y ... IJ u n e .........133.105 130,6771 €94.951 639,092
M uscatine St. R y . . . . 1J u n e .........
4,761
27,102
Nassau Eleo. (B’fcly m 'J u n e.........210,325 19 i*,61*5 909,207 840,465
34,082
Newburg 8t. R y ........ 'J u n e ..........
8,031
8.342
35,011
19,871
21,104
New London St. R y .J J u n e .........I 8,059
5,201
New Orleans Traction J u n o ......... 111,420)111,483 680,152 651,569
68,077
77,152
N orfolk St. R y........... 'J u n e ......... | 16,274' 13,522
North Chic. 8 t. R y ...'J u l y .......... 263,003 258,483 1,670^940 1,584,639
North BhoreTractiOD June ........*137,16l|l30,228
049,954 633,584
5,707
1,639
Ogdensburg St. Ky...|M ay.............' I --------'
6,035
1,547
Paterson R y ............... 'J u n e ............I33,059 30,804 172,003! 159.256
56,897
Richm ond T r a c t io n ..'J u n e ........... ' 13,699 13,110
70,076,
34,112
R ox b’hC h .H .& N or’n 'J u n e ........... 1 11,257
9,115
45,633
25,368
Sohuylkill Val. T ra c.[J u n e .........
5,859
5,337
28,038
Scranton A C arbond’e J u n e ........... 1 2,930
16,680
3,146
Scranton A Pittston. J u n e ...........! 5,049
28,159
Scranton Railway— 'J u n e ...........I 31,856 28,406 179,009 162,947
Syraouse Rap.Tr. R y .'J u n e ...........' 38,168 34,939' 221,144 202,465
Toronto R y . . . ....... . . . J u n e ........... 1 93,701 92,010! 534,333 472,386
Twin City Rap. T ra n .'J u n e ...........171,505 161,337 1,005,034 930.429
Union (N. B e d fo r d )..'J u n e .........., 15,782 18,782
87,267 102,609
United T ract. (Pitts.) [J u n e ......... 132,321
729,116
United Tract. (P rov.fiJ u n e ..........'148,964 140,943 817,774 806,957
85,742
Unit. Trac. (Reading) J u n e ......... 2 4,473 20,097
92,771
24.706
Wakefield A Stone__ J u n e ............ I 5,911
25,063
5,263
Waterbary T raction.. J u n e ......... 22,829 23,263 128,885 118,221
West Chicago St. Ky.lWk J u ly 3 1 1 79,340 7?,874
*36,532
Wheeling Rail w a y ... iM arch.........i 12,450 12.444
39,276
194,747 188,668
Wllkesb. & Wy.ValleyM a y , .........j 42.422 41,301
* Inelades Baltimore Traotlon and City A Suburban for both years.
(T rolley c trs comm enced running on Brooklyn B rltge February 16,
1893, which accounts for decrease in oom paoy’s earnings.
Street Railway Net Earnings.—The following table gives
the returns o f Street railway gross and netearningsreceiv* d
this week. In reporting these net earnings for the street rail
ways, we adopt the same plan as that for the steam road —
that is, we print each week all the returns received thst
Annual Reports.—The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
o? the I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s .
This index does n ot include reports in to-day’s C h r o n i c l e .
Full-face figures indicate Volume 67.
RXILEO AD AND MlSOEL. CO ’ S
Stre et R a il w a y s .
Volume 67—
Page.
Volumes 66 and 67—
Page.
Calumet * Hecla............................2 10 j Milwaukee Elec. Ry. & Light. 1196.1234
Chicago Great Western................ *,219 Union Tract, Co. of Phlladelphla .1 7 5
Chicago & North Western. . 2 19, e <64
Pacific Mall 83.C o ...,....................‘i t 9 1
W elsb aoh L ig h t................................... 2 2 O I
Atchison Topeka & Santa Fe Railway.
(S ta tem en t f o r the y e a r en d in g J u n e 30 , ISOS.)
The following is an official statement for two years past:
1898.
1897.
A verage m iles op erated ..............................6,936
6,899
Gross earnings........................ $39,214,099
$33,633,640
25,237,212
Operating expen ses.............. 28,506,335
Increase.
37
$5,58^,459
3,269,123
Net earnings.................... $10,707,764
T axes and rentals................
1,715,664
$8,396,428
2,093,820
$2,311,336
378,156
Incom e from operations. $8,992,100
—V. 67, p. 123.
$6,302,608
$2,689,492
St. Louis & San Francisco Railroad Co.
(S ta tem en t f o r y e i r end ing J une 30, 1898.)
The following is an official statement for the late fiscal
year in comparison with similar statements for earlier years:
1896.
$0,162,055
3,745,548
(60-78)
1897.
$5,993,336
3,483.628
(58-13)
1898.
$6,886,468
4,030,109
(58*52)
Net earnings.......$2,639,291 $2,416,507
M iscellaneous in com e..........................................
$2,509,708
7,066
$2,856,359
40,599
Year ending June 3 0 — 1895.
Gross e a r n in g s .........$6,081,424
Operating ex p en ses.. 3,442,133
R atio o f op. expenses. (53*21)
Total net incom e............................................$2,516,774
$2,896,958
Deduct charges—
T axes........................................................................ $1 71,2 57)
Interest on b on d s................................................. 1,994,524 [ $2,239,673
Rentals, e tc .............................................................
19,926)
Surplus fo r year............................................. $331,067
$657,285
Deduct dividends—
On $5,000,000 first preferred......................(2%) $100,000 (4%)$200. 000
On $14,335,700 second preferred...............
None. (1%) 143 ,357
Balance over dividends.
..............
$231,067
$313,928
After paying 4 per cent on the first preferred and 1 per
cent on the second preferred, there remains, as here shown, a
surplus for the late fiscal year equal to over 2 per cent on
the second preferred shares.— V. 66, p. 1090.
Mobile & Ohio Railroail Company.
( S ta tem en t f o r y ea r end ing J une 3 0 ,1 8 9 8 .)
Mr. W . Butler Duncan, Chairman of the board of direct
ors, ha; favored us with the following statement of the oper
ations of the company for the year ending June 30,189L The
Montgomery Division, which was merged in and will be
operated by the M. & O. R R, Co. on and after July 1, 1898,
is not included in the results here shown.
1897-8.
$
Gross earnings.................. 4,207,319
Oper. expen. (incl. taxes
.2,950,574
Interest and
Balance.
.a n d property.
S urplus.........
—'V. 66, p. 1045.
1896-7.
$
3,867,858
1895-6.
1891-5.
$
$
3,619,071 3,269.989
2,583,962
2,325,202
2,154,48G
.1,300,745 1 ,2 -3 ,8^6 1,793,869
.1,071.880 1,060,126 3,059,632
1,115,503
1,034,354
. 225,865
t
. 176,747
223,770
231,237
81,149
204,500
143,645
186,557
. ’<1 49,618
19,320
. ^6 30UB8i
90,592 a t 105,40 8
THE
272
CHRONICLE.
Denver & Rio Grande Railroad Co.
( S ta tem en t f o r y e a r end ing J u n e SO, 1898.J
The following ia an official statement for the last two fiscal
years in comparison with the years 1805 G and 1894-5:
Gross earnin gs..
Otter, expenses..
Net earnin gs..
Charges, taxes,
A c ......................
1897-8.
$8,342,926
5,O17,5!*0
$3,325,326
2.476,824
1896-7.
$6,945,114
4,075.336
1895-6.
1894-5.
$7,551,187 $6,916,840
4,3*8,781
3,991,212
$2,869,778
$3,202,406 $2,925,628
2,365,582
2,511,016
2,396,938
Surplus tor year.
$948,502
$504,195
$691,390
D ividend on pref.
s t o c k ............ CDsr'o) 591,250 (2%) 473,000 (2%) 473,000
$528,690
Remaining sur.
- V . 67, p. 176.
$528,690
$257,252
$31,195
None.
$219,390
Chicago Burlington & (Jnincy Railroad Co.
(S ta tem en t f o r y ea r en d in g J u n e SO, 189S.J
Following is an official statement for the system, including
all controlled roads, for the last two fiscal years:
Tear end ing June 30.
1897.
1898.
E arn ings—
$
$
Freight.......................................
24.007,348
7,226,266
Passenger.................................. . . . . 8.153.042
4,292,573
M all and m iscellaneous......... . . . 4,103,480
Increase.
$
6,536,292
926,776
Dec. 189,093
Gross earnings...............
Operating expenses................ ...2 6,27 2,21 8
35,526,186
21,213,916
7,273,976
5,068,302
Net earnings...................... __ 16,52 •,944
F ixed charges (est. in 1898).. ...1 0 ,6 8 0 ,0 0 0
14,322,270
10,514,422
2,205,674
165,577
Balance for dividends— . . . 5,817,944
3,807,848
2,040,006
The surplus for the late fiscal year, it will be noticed, is
equal to over 7 per cent on the $83,002,800 of capital stock,
contrasting with an amount equal to less than 5 per cent for
the preceding year. For the calendar year 1806 the gross
earnings were $34,176,456 and the surplus for dividends was
$2,466,470.— V. 66, p. 1188.
Long Island Railroad Company.
( S ta tem en t f o r th e y e a r en d in g J u n e 30, 1898.)
The following is an official statement for the last two
fiscal years:
.— Long Island S R .— , ,— L. I. RR. System.— .
1897-8.
1896-7.
1897-8.
1896-7.
Gross earnings................$4,333,194 $3,954,886 $4,683,956 $1,329,571
O perating e x p e n se s.. . . 2,980,373 2,728,910 *3,234,363 3,031,591
N et e a r n in g s ....
$1,343,321 $1,225,916 $1,419,594 $1,297,980
R a tioot exp. to e a r n ’gs. (68*99)
(69 00)
(69 05)
(70 02)
Other in co m e .................
129,869
114,345
129,869
114,845
T otal net in c o m e ...$1,473,689 $1,340,761 $1,579,462 $1,412,826
T axes and fixed charges 1,229.815 1,234,556 1,36 ,893 1,371,775
Balanoe su rp lu s___
$243,374
$102,205
$213,569
$11,051
*$21,481 charged to operating expenses and credited to reserve fund
—V. 67, p. 175.
Operating Expenses and Taxes.
Conducting transportation.............
M ain:, of w ay and stru ctu res.........
Maint, o f equ ipm ent,................ .......
General expanses and taxes..........
N et earnings........................
Fixed Charges.
Interest on first m o r t g a g e p referen ce b on d s...................
Consolidated bon ds...............
Rentals —
Central o f G eorgia Railway.
'M ontgom ery Terminal C o ..
1898.
$498,136
) 60,089
119,701
97,998
1897.
$432,016
140,883
84,018
80,86 4
Increase.
$ 6 6,12 0
19,205
3\687
17,134
$S75,927
$350,460
$737,782
$284,055
$138,145
$66,405
$119,933
121,183
$92,525
117,675
$ 2 7 ,4 0 8
3,508
51,500
10.400
51,500
10,400
$272,100
$303,017
$30,917
$47,443
Net incom e over fixed charges.
$11,955
$35,489
The increase in gross earnings f o the year was 20*02%; in e xpen ses,
18*72%; In net earnings, 23*38%, a d In fixed charges, lt-3 6 % .
■ This item ceases to be a charge against the G. & A. Ry. after July
1, 1900, thereby reducing the annual fixed oharges by $10,400.—V. 6 6 ,
p , 518.
Boston Electric Light Company.
(R e p o r t f o r the y ea r en d in g J une SO, 1 8 9 8 .)
Pres. Gilbert says in substance: “ The reduction of dividends
from 8 per cent to 6 per cent, two years ago, has enabled the
company to use the surplus profit for the reduction of the float
ing indebtedness, so that this debt has been reduced about
$210,000. Iu the entire business section twice the capacity of
underground conduits were laid as were necessary to take
care of the present business, which ensures a sufficient num
ber of ducts for a great many years to come. We have also
during the past year been able to obtain dynamos to gener
ate twice as many lights per dynamo as formerly, which
gives us twice the capacity upon the present circuits already
underground for the arc lighting business.
The Board of Gas and Elec ric Light Commissioners has
granted authority for the issuing of additional stock to pay
for the real estate which has been purchased in South Bos
ton, and to build a large generating station on it. This work
has been pnshed and we look now for the completion of the
new station in October of this year. This generating plant
will be the finest and most complete plant of the kind in the
world.
The earnings make the following showing :
Incom e...........
Exnenses ....
1897-93,
$809,943
513,409
1896-97.
$759,644
485,499
N et..........
$296,534
$274,145
Charges.........
570,393
03,242
Dividend s __ (6%) 102,000 (G>a%)110,508
B alance..
*$124,141
1395-96.
$660,973
420,641
$240,332
$198.81,
50,319
81,841
(8%) 136.000 <894)136,000
*$100,403
$54,013
The company, in connection with the declaration this week
of a 2 per cent dividend on the preferred shares, issued the
following statement :
E A R N IN G S, B X P E N S E 8 AN D C H A R G E S.
1896-97.
1,570
1997*93.
1^70
$1,832,419
9,403,703
Total earnings...................... ......................$L0,537,723
Operating E xpenses—
M aintenance or way and structures....... .
$1,619,983
M aintenance o f e q u ip m e n t.* .......................
1,681,448
Conducting transportation............................. 3,945,448
General expenses, including taxes...............
656,889
$11,236,123
Total expen ses............................ ............... $7,903,448
N et earnings.............. ...................................
2,631,275
P roportion 'bf expenses to gross earnin gs..
{75 p. o.)
Othr incom e, interest and d ivid en d s..—........................ .
$7,886,098
3,350,024
(70 p. ot.)
32,963
$1,542,977
1,727,898
3,974,471
640,750
Total incom e.——....... ..........................................
$3,382,987
F ixed charges in 1898—
On funded d e b t.....................................
2,211,036
28,358
On car trust obligations..................................................................
A dvances to subsidiary com panies........................ .....................
4,605
Surplus for fiscal year ending June 3 0 ,1 8 9 8 .................... $1,138,937
Dividends on pref. 3 per cent (1( 6 F eb.,*98, and 2% Aug.,’98). 690,000
B alance................................ ................................ —....................
$448,937
$30,969
BALAN CE SHEET J D X E 30.
1898.
Debtor.
(S ta tcm n t f o r y e a r en d in g J u n e 30, 1898.)
1894-95.
$610,265
411,450
*Also r eeived from prem ium ou stock $7,313 in 1397-98 and $ 7,743
In 1896-97, malting surplus for these years $131,454 and $108,146
respectively.
Norfolk & Western Railway.
A verage m ilee op era ted ..................................
E arnings—
Passenger mail and e x p ress.......................... $1 ,780,3?$
F reight........................ ...... ................................
8,777,350
[V ol . LXVII,
$
P la n t a c c o u n t s . . , . . .1,882,011
Real estate............ . 9Ob,822
U n d e r g r n d e q u i p ., 791.9B4
Supplies, materials
a n d t o o l s .........
71,409
Cash.......................
m,<m
Aoets. receivable... 15/,0S‘.)
1898.
1897.
Capital stock........ 2,' 93,<>i0 1,700.000
F irst M . Os .............. 294,000
C on sol. 5s.................... 957,000
293,000
957,000
p a y a b le.................
118,229
Balance to cr e d it o f
profit and lo ss....... 431,805
204,013
Notes and accounts
352,088
T o t a l ...................... 3,893,420 3,606,101 | T o ta l........................ 3,803.429 3,603,101
—V. 66, p. 287.
Glucose Sugar Refining Co.
( R e p o r t f o r 10)4 m on th s en d in g J u n e 30, 1898.)
The annual meeting of stockholders was held at the cor
porate office of the company, No. 1 Exchange Place,in Jersey
City, on Tuesday. The company began business on Aug. 2,
1897, but as several of its factories were not in operation till
the latter part of August, the report presented at the meeting
covers practically about 10>4 months. The report, as quoted
by the daily newspapers, showed the following:
Corn, eroun d.............................................. ..................... 20,016,861 Bushels
Products—
Glucose....... .......................*........................................—.542,100,000 pounds
Starch........................................................... - ...............120,* 72,000
D extrin e,............................. - .............- ........................
2 ,6 (0 ,0 0 0
“
S u g ar..................- ............................... ............................ 98,382,000
“
Residue..............................................................................
157,788 tons
Corn oil included in residue........................................
2,600,000 pounds
Profits—
Protit fo r year after w riting off $598,152 for betterm ents
and rep a ir s. ................................ ........................................ . ..$1,863,157
Four quarterly dl vidr nds o f 1% per cent each on $12,619,300 preferred s t o c k ...—............................................................
883,351
Oat of the surplus a dividend on the adjustment preferred
Surplus.......................................................... ......... ................a - $9 79,8 06
shares of 1 per cent was paid February 23, 1898, and 2 per
Three dividends of 1% per cent on preferred were paid
cent was this week declared, payable Aug. 24, 1898. The sur
plus remaining after these dividends is equal to about 2 per during the year and a fourth dividend of 1 % per cent was
declared on the preferred stock on Tuesday,'payable Sept. 1.
cent on the preferred stock.—V. 65, p. 1115.
After the meeting, President Matthiessen is reported to have
&
Georgia & Alabama Railway.
said that the managers expected to pay the first dividend on
( S tatem ent f o r the yea rs en d in g J u n e 30y 1897 an d 1898. J
the common Btock next November. Of the $14,000,000 pre
In advance of the pamphlet report the following statement ferred stock, $13,619,009 is outstanding, and of the $36,000,Of 0
h a s been issued, which includes the operations since reor common stock $24,027,300 is outstanding, the remainder
being held in the treasury. The old board of directors was
ganisation:
1898.
1897.
In crea se re elected, except that John P. Wilson and James P. VredenA vera ge m ileage op era ted...............
458
40 4
54
burg took the place of Dr. Firminicb and Edwin Meyer. The
Earnings.
Passenger............................................. $219,169
$213,391
$5,778 following officers were elected : C. H. Matthiessen, President;
Freight............................
960,740
761,434
199,306 S. T. Butler, Vice President: William Dickinson, Secretary
Mail and express................................
40,014
37,488
2,526 and Treasurer, The office of Second Vice President, which
M iscellaneous.......... . ........................
6,464
9,524 D o c .3,060
lias betn held by Dr. George Firminich was abolished. The
Total
$1,226,387 $1,021,837
$204,551 board of directors includes:
THE
A ugust 6, 1898,]
CHRONICLE.
For five years F. O. MaUtiiesseu, E. A . M atthiessen, C. H. Mattliiesaen, W w . Dickinson and A. Q. G arrettson; f o r fo u r ’tears N.
B. Beam; f o r three years—J. B. W ilson and Ja8. B. Vredenberg; f o r
one year—S. T. Butler.
The companies not merged in the Glucose Sugar Refining
Co. are the National Starch Co. of Glen Cove, L. I.; Chas.
Pope Manufacturing Co. and the U. S. Sugar Refining Co.
of Waukegan.— V. 67, p. 177.
GENERAL
IN V E S T M E N T
N EW S.
Reorganizations. Etc.— Latest D ata as to D efa u lts , Reor
ganization P la n s, P a y m en t o f O verdue C ou pon s, E tc . —All
facts of this nature appearing s in c e t uo publication o f th e las!
issues of the I nvestors’ and the S treet R a il w a y S u p p l e
m e n t s may be readily found by means of the f o l i o suing index.
This index does n o t include matter in to-day's C hronicle
Full-face figures indicate Volume 67.
St r e e t R a il w a y s .
R ailro ad s & Mis. C o.’s.
Volumes 68 and 6 7 —
Page.
Volumes 66 and 67—
Page. Br’klvu
El .no depo ,it* aftej July 11.123*
Appleton (W is .) Water.........r e v .2 2 1
do
.......... Bridae cont, -act.'Z ?
Balt. & Ohio.coupo za.S56,859.1019, 27
do
Rockaioau tr nns. 1 2 1. 17-3
do
do
p|«,**.l2j5 Baflalo Kenmore & Tonawanda
do
do
reorQ. ma'ters.XOHS,
Electric...............recor. 10i3,1235, 2 7
12:35, 2 7 , 2 2 1 Calais & Baring....................... 8ale.V£4
Central Br., U. P ....s o ld .053, 10»3;
Dolflrevilte (X. x.) KI. L. & P..recur. *28
plan, 1139, 72 D llutb Street R y..................reevr. 7 3
Cent. WashinKt.on.re/1r0. 8.v$: plan. 953 Ft. Wayne (Ind.) Consolidated Rj.
Chic. Ft. M adison & D es M oines ..
foreclosure dt /ree. 1*2 3
rcpr.2 2 i Lewiston & Auburn ............. »n lf.l2 6
Clndn. A Musk. Val.. successor co.2 -2 Nassau Electric— je-idju tmentof
Col. 8an.&0ocfc.reor0. plans. \7 6, 2 2 2
capitalization. ‘2 9
Hudson Tunnel Ry .. .forecl tsure.-£-£ £ Newbury Elec. Ry............. default 109d
K earn ey & Black Hills..........s tle.i2 £ N.O.Trao.plan.'i 9; reoro.postDon'd.l 26
KJniftleld A Dea l River.........snlj.'££ 2 P ac. By stockholders owirssei OS n c.l"27
O hio S o u th e rn . deposits rill -tU7.10.223 Sandusky (O.) Street By. **14.30, 1*27
R ich m on d N lch. Irv. A Beatty sSuburban Trac.(Orange, N.J.).$ >ld. 7 -3
ville ........................ sale 8 e*t. 0. 2 2 3 Union Trac. of N. J . .deposits. 1090 1142
W heeL A L. E __ v la n .lL ii; forecl. 1 2 S
do
do
................plan. 127
do
2dinstal. of asae*8.\239, 1 7f* Wilkesbarre «Sc Northern__ reorj 1190
Bloom. A Normal St. Ry..*oW.l08S. 11S7
27B
the Carolina Central RR. Under this plan a new 4 per cent
mortgage for $3,000,000 will be issued to retire the existing
indebtedness. This mortgage will be guaranteed jointly and
severally as to both principal and interest by the Seaboard &
Roanoke and Raleigh & G-aston, these companies being large
owners of the stock and junior mortgage bonds of the Caro
lina Central. In return for their guaranty the companies
will receive $300,000 of the new capital stock.
The new securities are to be as follows:
New f i f t y - y e a r f o u r p e r c e n t g o l d b o n d s , secured by a first
consolidated m ortgage upon tlie entire property, fran
chises and line o f the Carolina Central RR., a^ it n ow e x
ists, and upon alL its future acquired property, said new
bonds and m ortgage o bear date o f Tan 2.1 899 , with first
interest coupon payable July 1, 1899. The paym ent of
said bonds and the interest becom ing due thereon shall be
join tly and severally g laranteed by the Seaboard & R oan
oke R E. Co. and b y the Raleigh & Gaston R R Co. Total
issue...................... ..................................... ..................................$3,000,000
All to retire the old 1st M., 2d M. and 3d M. bonds.
P r e f e r r e d s l o c k 5 per cent non-cam i l a t i v e ..............................
$500,000
A ll to be issued for old 2d M. aud 3d M. bonds.
Com m on stock .......................... ..................................... ............... $1,500,000
Of which in exohauge fo r old s to c k .......................................
1 ,200,000
To the guarantor com panies fo r their guaranty..................
300,000
If a second mortgage U put upon the road, the $500,000 of
preferred stoek is t) be unde a pirt of 3 m e, aal second
mortgage bonds issued to replace it.
The exchange of old for new securities will be as folio vs :
/-----------W
New
ls£ 4s.
1st M. 6s ot 1881 ($2,000,000) $1,000, ) * ,
and int. certfs. ($200,000) $ 1 0 0 ........ r ’
1st M. 6a of 1894 ($*50.0 )0) $1 ,000 ,) , ,
and int. certfs. ($ i5 ,0 0 >) $1 00.......... > i,lu u
2d M., 1881 ($1,500,000) $1 ,000..............
10)
id M., 1 8 8 1 ($1,500,000) $1.000..............
50
Common stock ($1,200,000) $100.........................
O ld
s e c u r itie s
in
a m o u n ts
o f
ill r e c e i v e -
P ref. stk.
—%
Com. slk
$266-66
66-66
$100
Security holders are requested to deposit their holdings
Atlantic Coast Line RR. of South Carolina —In Posses with the Farmers’ Loan & Trust Co. of New York on or be
sion A u g . 1.—President C. S. Gadsden has issued the follow fore Nov. 1, 1893. In case a minority of the holders of either
ing circular :
of the series of bonds endeavors to interfere with the success
Commencing Aug. 1 ,1 893 , the A tlantic Coast Line RR. Co. ot South ful operation of the plan, the committee is authorized to ap
Carolina will becom e the a tual and legal successor by consolidation ply for the appointm nt of a receiver aud for foreclosure sale,
o f the follow in g railroad com pan ies: W ilm ington Columbia A
whenever advised that proper grounds exist for such action.
Augusta, N ortheastern o f South Carolina, Caeraw A Darlington. Man
-ohester A Augusta, Florence o f South Carolina. The A tlantic Coast In case the bondholders fail to deposit two thirds of each
Line R R Co. o f South Carolina will succeed to and assume all their series oi said outstanding bonds within the time prescribed
liabilities and assets. Tne principal office o f th- com pany will be or any extension thereof, the depositing bcnlholders shall be
a t Charleston, 8. C. The follow in g have been elected officers o f the
new com pany with their respective addresses: C. S. Gadsden. P resi entitled, at the option of the bondholders’ committee, to
dent, Charles on. S. C.; H. W alters, V ice-President, W ilmington, N.C.; withdraw the bends and certificates so deposited.
C . C. Olney, Secretary and Treasurer, Caarlesron, 8. C.; J. 1'. Post,
G u a ra n ty . —Tne agreement of guaranty includes not only
Jr., Assistant Treasurer, W ilm ington, N. O ; J. R. Kenly, General
the principal and interest of the new bends, bub all the comManager, W ilm ington, N. C.—V. 67, p. 179.
Baltimore & Ohio HR.— Plan O p era tiv e.—P e n ilty A f t e r pany’s fixed charges, as appears from the f ellowing :
said Seaboard & Roanoke R R Co. and the said R ileig h
A u g . SO.— The plan or reorganization has been declared & Fourth.—'The
Gastou RR. Co., members of the Seaboard Air L 'ne A ssociation, and
operative. Over93l/2 percent of the bunds and 73 per cent large owners of the stock and junior m ortgage bonds o f said Carolina
of the stocjks disturbed have been deposited. The time for Central RR., in consideration of the premises and of $300,090 in said
com m on stock to be issued to them, join tly and severally agree to
further deposits has been extended to Aug. 20. after which new
guarantee, and do hereby join tly and severally guaranree, the pay
data they will be accepjed only on a cash payment of 2 ment o f the principal and interest as and when the same shall becom e
per cent on the par value of bonds and $2 per share of stock due and payable, of an aggregate of $3,000,000 of 50-year 4 per cent
gold bonds, to be issued by the said Carolina Central RR. Co., and
deposited.
secured b y a consolidated m ortgage as aforesaid, and they also as a
S u it o f P referred S hareh t i e r s F iled .— A t Baltimore, Jaly further consideration for said stock hereby guarantee the fixed
20, the preferred stockholders fiied their petition in the charges o f said C aro’ina Central RR. Co., including taxes and the
United States Court for an injunction to prevent the commft- amounts required to be paid by the Carolina Central RR. Co. under
W ilm ington Bridge contract bearing date Nov. 8, 1866, whether
mittee from carrying out the proposed reorganizatim until the
or not said association known as the Seaboard Air Line is broken or in
the petitioners’ rights have been protected and until the Su any way disrupted from any cause whatever prior to the paym ent in
preme Court of the United States has passed upon the ques full o f the principal and interest of the said new issue o f 50-year 4 per
bonds herein provided for, and their guaranty shall be duly en
tion whether the preferred stock is a lien on the road. Jadge cent
dorsed upon each o f the said bonds to an aggregate am ount of $3,Morris signed the order requiring the company to show 000,000.
cause on or before Sept. 20 why the restraining order should
Ia August, 1894, interest on the first mortgage bonds was
not be issued. The State of Maryland, Johns Hopkins Uni guaranteed for five years by the Seaboard Air Line at the
versity and Jons Hopkins Hospital, together with individual reduced ra’ e of 4 per cent and income scrip was issued for
holders, filed the petition.—V. 67, p. 221.
the remaining 2 per cent per annum. As this guaranty will
Brooklyn k New York Ferry.— Brooklyn Ferry.— Reef expire next year, a permanent reaijustment is considered
in g A u g . IS to A u th o riz e Sale .— The stockholders of the advisable.—V. 59, p. 600: V. 66, p. 83; V. 65, p. 1116.
Brooklyn & New York Ferry Co. will vote Aug. 18 on the prop
Central Traction Co. of St. Louis.—In a reise o f S tock —
osition to sell the property, rights, privileges and franchises of The stockholders on July 30 voted to increase tne capital
the company to the Brooklyn Ferry Co., organized last week. stock from $100,001 to *5,003 0 0. Tne iateation is to push
V . 67, p. 231.
construction as rapidly as pissible after necessary prelimi
Buffalo Rochester & Pittsburg.— Q u a rterly. —Earnings naries are arranged, such as the issuanie of bonis and the
for the quarter and the twelve months ending June 30 were: letting of contracts. Au issue of $1,030,030, it is u a ierstood,
3 mos. ending
Gross
Nel
Other
Interest,
will be authorized in the near future, Au attempt is being
•une 30.
earn in g?.
earnings, incom e, taxes, etc
Balance.
made to annul the charter. —Y. 67, p. 176.
1 8 9 8 .................. $963,374
$ 3 5 1 ,9 8 9
$5.06 < $ 2 3 1 ,5 1 9 $127,533
Central Vermont RR .— In terest P a ym en t. —Ezra EL Baker,
1897..................
214,396
7,097
213,129
28,164
806,085
12 months—
Chairman of committee representing holders of consolidated
$352,3
19
1897-8.............. $3,683,587 $1,317,173 $22,514 $987,363
220,886 Railroad of Vermont 5 per cent bonds, gave notice last week
1896-7.............. 3,311,763
862,933
35,510
1,048,309
to holders of American Loan & Trust C imp any certificates
—V. 67, p 72.
Brunswick Dock «fc City Improvement Co. of Georgia.— of deposit for consolidated Railroad of Vermont 5 psr cent
bonds that, in accordance with the agreement with the
B on d s P a id . — Treasurer K^raetzer s a y s:
Grand Trunk Railway Co., 1 per cent would be paid on and
The directors h aving sold the 7,302 shares treasury stock to a syndi
cate, they are enabled to call in and p ay $176,609 bonds of the com after Aug. I oa the above certificates at the office of the
pany This leaves but $3,700 bonds outstanding, the owner o f which American Loan & Trust Co., No. 53 Stat* Street, Boston, or
declines to com e into the arrangem ent agreed to by all the other bond at the office of Messrs, R. L. Day & Co., No. 1 Broad btreet,
hold ers This practically turns over to the stockholders this vast New York. This is the quarterly payment at the rate ot 4
property free and clear, with the exception o f above-mentioned
$3,700 bonds and against which wo have to the credit o f sinking fund per cent per annum guaranteed for one year pending reor
$826. also secured bills receivable for $3,000 and have cash on hand ganization —V . 66, p. 1043.
$5 7,00 0.- V . 66, p. 1043.
Chicago Edison Company.—t » S o m o Bonds Sold .-T h e
Carolina Central RR.—Raleigh & Gaston RR.—Seaboard company has sold for improvements $350 030 of its 5 per cent
Sc Roanoke RR.— R ead justm ent P la n — G u a ra n ty.—A com gold bonds, making $3,335,000 of the loan outstanding. — V.
mittee consisting of
66, p. 1013.
Joseph 8. Stout. 25 Broad Street, New York; A ndrew J. Onderdonk,
Chicago Indianapolis & Louisville R y .— A d d ition a l
60 Wall Street. New York; W illiam H. B lackford, 10 South Street,
Baltimore; Charles D. Fisher, Chamber o f Commeroe, Baltimore; J. Stock L isted .— The New York Stock Exchange has listed the
$1,116,250 of preferred stock recently sold being the re
Brander Matthews, (room 1,002), 43 Cedar Street, New York,
has issued a plan for the readjustment of the securities of mainder of the $5,000,003 preferred stock authorized by the
274
THE
CHRONICLE.
(V ol. LXV1I.
charter. MThe said $1,116,250 of preferred stock has bsen column, is contingent upon tin payment by the company of
sold for the purpose of providing capital for the construction all the interest due on the $573,010 of existing first mortgage
and betterment of the property of said railway, and such 0 per cent bonds to Jan. 1, 1899, inclusive, and must be ef
work is already in process of construction."—V. 67, p. 223.
fected, if at all, prior to April 1, 1899, the powers conferred
Consolidated Fireworks Co. of America—Central Fire by the act ceasing on that date.
If, however, prior to the data natnai, the company shall
works Co.—To R edu ce C a p ita l S to ck . —The stockholders of
the Consolidated Fireworks Co. will meet at the office, Nos, pay the interest aforesaid, ail further interest on the first
9 and 11 Park Place, on Aug. 9, 1898, to vote on a proposi preference bonds shall cease and the old bonds shall no
tion to reduce the outstanding capital stock from $1,838,400, longer be enforceable against the coma tny, which is there
consisting of 5,490 shares of preferred stock, and 12,894 upon empowered to adjust its capitalization so as to consist
shares of common stock, all of 8100 per share, to $1,461,40), of the following:
mortgage 3 por cent gold “ debentures" o f $1,000 a a e li,
to consist of o,490 shares of preferred stock and 9,154 shares First
duo Jmi. 1 , 1 9 1 " , with in crest payable J&J In New York.
of common stock, the par value in each case to remain as
Said bonds shall be secured by llrst. m ortgage mi the p ro p
erty. income, etc . which m ortgage ska I bo foreelosable in
now at $100 per share. A majority of the capital stock is
case ot one year's default, u p on request o f $50,000 of the
held, with other shares, by the Central Fireworks Co., a
bouds. Total loa n ......................................................................... $5 72,0 00
company organized in New Jersey and controlling a large
To be exchanged d ollar for dollar for present debentures.
share of the fireworks business of the United States. The F i r s t p r e f e r r e d 5 p e r c e n t n o n - c u m u l a t i v e s t o c k i n $50 shares,
Issuable as full paid stock. T ota l Issue n ot to e x ceed ____ 1,000,000
Central has outstanding $3,672,900 of capital stock, of which
To bo sold to such an amount and at such p rice as will p ay
a portion is 7 per cent preferred. Tne preferred shares
the Interest due on the existing debentures to Jan. 1,
have received one dividend, 2 or
per cent in September,
1899, Inclusive.
Second p r e f e r r e d 3 p e r c e n t s t o c k in $50 shares..... .................
150,000
1897, and another is expected next month.— V. 63, p. 1159.
Delaware (0 .), Electric Street Ry.—StoM,—Thispropsrtv
was sold by Receiver Cone, July 30, at public auction to B.
W , Brown aud others of Delaware City for $13,535.
-Detroit Plymouth A Northville Electric Ry.— New M o rt
g a g e. —The company has filed a mortgage for $150,000, to
the Union Trust Company of Detroit as trustee.
Great Northern Ry.— Seattle A Montana HR.— New S tock
L isted . —The New York Stock Exchange has listed the $25,000,000 additional preferred capital stock recently issued by
the Great Northern Rv. Co., making total amount listed
$50,000,000.—V. 67, p. 179; V. 66, p. 1183.
Hudson Tunnel Ry.— R eo rg a n iza tion . —W e are officially
informed that the reorganization plan of 189S (A7. 63, p. 154)
will be practically the basis of the new scheme, although it
is possible that a email increase may be made in the income
bonds and stock. The deposit of the bonds is now being
called for under a reorganization agreement which appoints
a committee to formulate a plan, which is to be lodged in
London with Messrs. Roberts, Lubbock & Co., and in New
York with the Farmers' Loan & Trust Co, The committee
as yet has not taken up the details of this plan, but it will
probably not differ greatly from the plan of 1896.
The foreclosure decree was presented to the Chancellor of
New Jersey last week, and will be signed in a few days, and
a similar decree will follow in the ancillary snit brought in
New York. The committee has not hurried the formulation
of a distinct plan, since not wishing to bring it out until
arrangements had been finally completed to underwrite the
new prior lien bonds which are to be issued for the comple
tion of the tunnel.—Y . 67, p. 222.
Hutchinson & Southern R y — R eceiver A p p lied F o r . —A t
Hutchinson, Kan,, on July 3), F. C. Smith, of Colorado
Springs, Col., filed a petition in the United States Circuit
Court at Wichita, asking for a receiver for the property.
The case will be argued before Judge Williams at Colorado
Springs next Monday.
In reply to our inquiry as to the ground for the receiver
ship suit, Treasurer Roger N. Allen writes us as follows;
“ There has n o t been any default in payment of July coupons.
The application for a receiver has been made by a man with
whom our company never had any dealings. His claim was
connected with the old railroad company and the old re
ceiver. It would hardly seem possible that any United
States Court could put ns into the hands of a receiver under
such circumstances.”—Y . 66, p. 283.
Illinois Central RR.—B o n d s C alled .— The twenty-fifth
annual drawing of the sterling 5 per cent sinking fund bonds
of this company was held at the office, 214 Broadway, New
York, on Aug. 1. The numbers of the 50 bonds drawn to
be redeemed at part at the office of Messrs. Morton, Chaplin
& Co., London, on Oct. 1 next, will be furnished by Treas
urer E, T. H. Gibson upon application.— V. 67, p. 177.
Indiana Illinois & Iowa RR.— F ew Officers.— On June 16,
1898, T. P. Shouts war elected President, vice F. M. Drake,
resigned, aud Joy Morton, Vice President, vice George H.
Holt, resigned. Also R. P. Ahrens has been elected Secre
tary and Treasurer, vice S. A . Drake, resigned. The com
pany's office is 919 The Rookery, Chicago.—V. 67, p. 177.
Indiana Natural Gas Co.—D ivid en d P assed . —The com
pany failed to declare this week its regular quarterly divi
dend of 1% per cent, owing in part, it i3 said, to existing
difficulties with the People’s Gas Co. of Chicago.
John Good & Jennings Patent Machine Cordage Co.—
New C ord a ge C om pan y. —Joh n Good has organized this com
pany to manufacture cordage making machinery and also to
make cordage.
New and improved machinery invented
within the past two years by Mr. Good, it is stated, will be
employed in the new factory The men interested include
Abraham G. Jennings, of the Jennings Lace Works, and A l
bert G. Jennings. Mr, Good is President and Abraham G.
Jennings Treasurer.
Kingston & '.Pembroke R y .— R eorg a n iza tion P la n .— W e
have been favored by Messrs. Folger Brothers, bankers, of
Kingston, Ontario, with a copy of the bill passed at the late
session of the Canadian Parliament providing for the reor
ganization of the Kingston & Pembroke Ry. Thecarr>ing
but of the plan, which has already been referred to in this
To be issued pro rata to holders o f the $572,000 exlsttug
bouds, but Only as whole shares.
s / t a r e s . —The directors are authorized to call
in
tile present stock certificates and to issue in lieu thereof
stock o-rtuioatCH for one-half the present am ount thereof,
thus reducing the capital stock from $5,000,000 t o ............ 2,500,000-
O r d in a r y
If the readjustment takes place, the holders of the present
6 per cent bonds will be entitled to interest at the old rate in
cash to Jan. 1, 1890, inclusive, to par in new first mortgage 8
per cents and to about 26 per cent in new second preferred
3 per cent stock.— V. 66, p. 1045.
Lynchburg (F a.) Electric Railway & Light Co.— R eor
g a n ized C om p a n y. —Tuis company, successor to the Lynch
burg Electric Company, foreclosed, has been organized witlx
th0 following directors: Randolph Harrison of Lynchburg;
H. G. Runkle, H. D. McDana, W. S. Johnston. R. A. C.
Smith, Thomas D. Kent and Isaac Ro3enwald of New York.
Over $50,000, it is said, will be spent in improving the road.
The company has petitioned that its franchise bs extended
for thirty years from January 19.— V. 66, p. 472.
Macon Gas Light & W ater—Macon & Indian Springs
RR..— R eorg a n iza tion . —Preparatory to reorganization and
“ especially to retire the 6 p. c, first consolidated aud general
mortgage bonds,” the Macon G is Light & Water Co. has
applied to the Superior Court of Bibb, G i , for an amend
ment to its charter to permit it to issue the following :
C o n s o lid a te d
M o r tg a g e
5 per cent coupon bonds to be due
N ov. l, 1930, aud to be redeemable at the option of tbe
com pany, tbe Interest to b e payable sem i-an n u ally-.............$ 7 5 0 ,0 0 0
P referred Stock 5 per cen t uon-cum ulative, to in clu d e—
“ First preferred s t o c k " ......................................................... . 300,000
“ Second preferred sto d i’ ....................................................... 300,000
“ TheHolders of the preferred stook are to be entitled to receiv e
non-oum uiative dividends, up to 5 per cent per annum, payable o a t o f
(be n et earnings of tbe com pan y before any dividends s k ill be paid on
the com m on stock.
“ In case o f the liquidation ot tile com pany or the sale ot any p ortio n
o f tbe property and distribution o f tbe pro seeds thereof, the holders
o f tb e different classes o f stock shall be paid in the order o f p riority,
nam ely: The first preferred stook shall be entitled to paym ent b efore
an y of the other classes, tbe seoott l preferred soocksh all take the n e x t
priority, aud the com m on stock whatever shall then remain.
“ The holders of preferred stook are to be entitled, during the period
of five years after tbe reorganization, to elect live-sevenths o f the
w hole board o f directors o f the com pany, by vote o f the holders o f a
m ajority o f the preferred stook upon w hich votes shall be oast at the
respective elections.”
The property of the Macon Gas L ;ght & Water Co. was re
ported purchased at foreclosure sale last spring by the Macon
& Indian Springs RR. The gross earnings under the receiver
for the year ending May, 1897. were $131,731, against $118,612
in 1896.—V. 06, p. 1089,
Nassau Electric RR. of Brooklyn.— Co vtolid it ion. —N o
tice of the merging of the Nassau Electric RR. Co. with its
subsidiary companies, the Coney Island. Fort Hamilton &
Brooklyn RR- Co., the Kings County Electric Rv. Co. and
the Union RR. Co., were filed Wednesday in the offl je of the
County Clerk.
The subsidiary lines are only partly built,
but the companies possess valuable franchises for streets in
Brooklyn Borough. They all joined in 189! iu making the
$8,030,000 mortgage of the Nassau Electric RR. A certificate
of an increase of the capital stock of the Nassau Company
from $6,00 ),000 to $15,000,003 was filed at Albany on the 28th
ult,—V .67, p. 178.
National Biscuit Co.— S tock on U nlisted D e p a r tm e n t .—
The New York Stock Exchange admitted to quotation in the
unlisted dep irtmsnt on Aug. I $33,000,000 of the company's
preferred and §39,000,060 of its common stock, 16^ statement
to the Exchange is as follows :
Organized under (lie U w s o f N ew Jersey, Feb. 3. 18iH.
Stock
authorized—£25,000,0<>o cu m u la tiv e ? per cent preferred and $3 0,000,000 com m on; outstanding—$23,000,000 preferred, $20,000,000
com m on. Total am ount o f bonds on som e or tile constitu ent com
p a n ie s $1,87$,50O, all subject to o.ill under yearly sinking fund c o n
ditions. The m oney paid in under consolidation p u d all obligations
o f constituent com panies, aud left in hands o f N ational B iscuit Oo.
$3,333,51 L in cash and quick assets.
Th a com panies which were consolidated or purchased by National.
B iscuit O o.w ere: New York Bia MiitOo., American Biscuit & M T g Oo.,
N ational Cracker Oo , D ecatur Cracker Go., Hamilton Co. and United
States Baking C >. M any o f these com panies were made up o f several
sm aller com cantos, so that the N ational Biscuit Oo. ow ns 110 different
plants. Gross sales o f com panies for 189 7 w ore $32,000,000.
Dividends on preferred stock are being paid quarterly at rate o f 7
per cent p er annum. June, September, December, March.
President. Beniamin F, C raw ford ; V ice President, H. V. V ories;
Second Vice-President, Frank O. L ow dsn ; Secretary and Treasurer,..
C, £ . Kuinsey,
A ugust 6, 1898,]
THE
CHRONICLE,
D irectors: Benjam in F. Crawford, H. V. Vories, Thomas S. Olliver,
D avid F. Brenner, S. -5. M arvin, H enry J. Evans, Lewis D. Dozier,
Norm an B. Ream, William T Bateer, Joseph S. Loose, o. E. Rumsey,
James W. Hazen, F. O. Low den, A. I. Garrettson, A W. Green.
Transfer Agents, Guaranty Trust Company.
Registrar, First
N ational Bank.—V. 66, p. 901.
National Linseed Oil.— N ew D i r e c t o r s —F. D. Locke, of
Buffalo, and D. S. Holmes, of St. Louis, have been elected
directors in place of A. C. Abbott and A , A. Hall, resigned.
Mr. Holmes is Vice-President of the American Exchange
Bank of St. Louis.— V. 67, p. 223.
Newark Gas.— P a rt P a ym en t o f P u rch a se M oney. — Thomas
Nevins, Jr., who contracted on behalf of a syndicate to pur
chase 14,589 of the company's 20,000 shares of capital stock
at $155 per $50 share, has paid, in addition to the first in
stalment of $25,000, a further amount of $200,000. The bal
ance, $2,036,295, is to be paid by the purchasers on or before
Nov. 15 next.—V. 67, p. 223.
Newark (N. Y.) Water Works Co.— F oreclosu re S a le — The
property is advertised to be sold under foreclosure of a mort
gage on which there is due $186,476 50.
New England Gas & Coke—Massachusetts Pipe Line
Gas Co.— P ip e L in e C om p a n y's S tock A u th o riz ed —The Gas
and Electric Light Commissioners of Massachusetts this week
approved the original issue of $1,000,000 stock by the Massa
chusetts Pipe Line Gas Co., substantially as follows:
The petitioning com pany was chartered by Chapter 537 o f the A c t
-of 1896, “ for the purpose o f m anufacturing, selling, dealing in, con
veying, transporting and distributing gas for illuminating, heating*
cooking, chem ical and m echanical purposes ” From the evidence
subm itted at the hearing, it appeared to be the present intention of
the com pany n ot to m anufacture, but to purchase gas from the New
England GaB <fe Coke Co., andthrough an extensive system o f pipes to
distribute it for sale to other com panies. A descriptive schedule and
plan o f the proposed lines and appliances appurtenant thereto was
filed with the petition. The cost o f the work thus described will prob
ably exceed the amount o f stock hereinafter approved. The follow ing
is therefore adopted:
Ordered, that the board hereby approves o f the issue by the Massa■chusetts Pipe Line Gas Co. o f 10,000 shares o f capital stock at the par
value o f $100 each, the same being the capital stook voted to be issued
by said corporation on July 15 ,189 6, and being the first stock voted
to be issued by said corporation, the proceeds o f said stock to be ap
plied in paym ent o f the necessary cost o f construction o f holders,
mainp, meters and other appurtenances constituting distributing sys
tem for the supply o f aititlcial gas, and to the purchase of real estate
reasonably requisite for the com pany’s use, and fo r no other purposes
This $1,0 0,0f0 stock of the Massachusetts Pipe Line Co.
is all to be deposited as part secnrity for the $17,500,000
mortgage of the New England Gas & Coke Co.—See V. 65, p.
1115 and 1221.
C on stru ction . —The “ Boston News Bureau ” says :
The delay in the approval o f the issue o f $1,000,000 stook o f the
M assachusetts Pipe Line Ga* Co. by the Board o f Gas & Electric
L ight Commissioners has in no wav resulted adversely for the New
England Gas A Coke Co., for the official* o f this com pany have never
doubted but that in time the Pipe Line stock issue would be approved.
Hence, they have gone right along with the construction o f the plant
at E verett, and it is now anticipated that the com pany will be in p osi
tion to begin the m anufacture and distribution o f gas and coke by
Jan. 1. The foundations have all been laid for the coke works. The
w harf is 90 per cen t completed, grading 90 per cent, special brick
w ork for the ovens 40 per cent, dredging 50 per cent, while the railToad is practically com pleted. The foundations for the 5,000,000-foot
gas holder for the Massachusetts Pipe Line Co. are 75 per cent com
pleted, and the condensing and boiler house 50 per cent. Work on
the laying o f pipes has not been started pending the Gas Commission
ers* approval o f the $1,000,000 stock issue, but now that approval has
been given, tills work will be pushed. Pending an adjustment o f the
P ipe Line matter, which caused the underwriters to hold off from tak
ing bonds subscribed for, the Central Trust Company lias renewed the
$12,000,000 loan for six months from Aug. 1. —V. 67. d. 178.
New Orleans & Northwestern Ry— S ta tu s.— C oupons.—
The official who furnished the data contained in our recent
item omitted to say that the company’s $2,0 0,000 of first
mortgage os had been deposited, as was the case, as security
for the $500,000 of new collateral trust os. Consequently the
information which he gave us. that the coupons due July 1
on the first mortgage bonds had not been paid, was mislead
ing. The interest due July 1 on the collateral trust bonds
was paid at maturity, and there was therefore no obligation
to pay interest on the bonds deposited as collateral.— V. 67,
p. 178.
New York Philadelphia & Norfolk RR.—D eposits R e
ceived. Till A u g . 15.—The reorganization committee has ex
tended the time for assenting to the plan uafcil Aug. 15, after
which date no assents will be received.—V. 66, p. 1189.
Norfolk & Western Ry .— In crea sed D ivid end .— The direct
ors this week declared a dividend of 2 per cent on the pre
ferred stock, making a total distribution of 3 per cent for
the fiscal year ending June 39, 1893. The previous dividends
were 1 per cent each in February, 1893, and November, 1897,
the first of these having been paid out of the surplus earn
ings for the nine months ending Jane 30, 1897. The income
account for the late fiscal year is given under the heading
annnal reports.—V. 65, p. Ili5.
Ohio River & Charleston Ry.— S old. — At the foreclosure
sale the property was purchased for the bondholders for
$89,010 by a committee consisting of Samuel Hunt, Simon
A . Stern and John G. Collier. President Hunt was the
only bidder. It is generally believed the South Carolina &
Georgia will presently take over the ownership or control of
the property.—V. 67, p. 29.
Pennsylvania Manufnctnring Light & Power.—Acquisi
tions,— The “ Philadelphia Financial News ” says:
The W est End Electric Co., the latest electric-lighting com pany to
be absorbed by the Pennsylvania Manufacturing L igh t & POWOT GO., is
a small affair, and the one or two not yet within the tiOd a r e i , 1. ] 0,1.”
Important. The com plete ownership o f the Southern ]
the Pennsylvania M anufacturing Co., we understand, has not yet be
275
c o m e a n a c c o m p li s h e d f a c t , t h o u g h th is c o m p a n y is In h a n d . T h e
K e n s in g t o n .E le c t r ic Co. is o n e o f t h e b e t t e r k n o w n s m a ll c o m p a n i e s
n o w o u t s t a n d i n g . A s t o t h e W e s t E n d Co. w e a r e i n f o r m e d t h a t
t h e o ld P e n n s y l v a n i a H e a t L i g h t & P o w e r C o . h e ld a b l o c k o f th is
s t o c k , b u t n o t a c o n t r o l l i n g in t e r e s t , w h ic h w a s t u r n e d o v e r t o t h e
P e n n s y lv a n ia M a n u f a c t u r in g Co. I n o r d e r t o s e c u r e c o n t r o l it w a s
n e c e s s a r y t o b u y th e b a l a n c e o f t h e s t o c k , w h ic h w a s h e ld b y o n e
i n d i v i d u a l f o r t e v e r a l p a r t ie s . T h is i n d i v id u a l w a s k n o w n p e r s o n a l l y
t o M r. T h o m a s D o la n , w h o r e c e n t l y p u r c h a s e d th e d o s ir e d h o ld in g s f o r
t h e P e n n s y lv a n ia M a n u f a c t u r in g Co. T h e p r i c e p a id f o r t h e W e s t E n d
s t o c k h o l d i n g s j u s t a c q u ir e d , w e a r e t o ld , w a s s h o u t $ 1 8 p e r s h a re.
I t s p a r v a l u e is $ 1 0 , a n d t h e s h a r e c a p i t a li z a t i o n w a s a b o u t $ ’j 5 0 ,0 0 0
L ik e t h e o t h e r c o m p a n i e s w h ic h h a v e b e e n a b s o r b e d , w e u n d e r s t a n d
th a t th e p u r c h a s e p r ic e r e p r e s e n te d th e e a r n in g c a p a c it y o f th e c o m
p a n y o n a 5 p e r c e n t b a s is , t h a t is t o s a y , o n t h e p r i c e p a i d , th e e a r n
in g s h a d b e e n a t t h e r a t e o f 5 p e r c e n t p e r a n n u m . W e a ls o a r e g i v e n
t o u n d e r s t a n d t h a t t h e W e s t E n d s t o c k w a s p a i d f o r i n P e n n s y lv a n ia
M a D fa c t u r in g 5 p e r c e n t b o n d s , a s w a s t h e c a s e w it h t h e o t h e r c o m
p a n ie s t h a t h a v e g o n e i n t o t h e c o n s o l i d a t i o n . —V . 6 6 , p . 1 0 4 6 .
Peoria Decatur & Evansville RR.— F oreclosu re .—At
Springfield, 111., on July 30, the Central Trust Co., as mort
gage trustee, filed a bill in the Federal Court to foreclose the
Peoria Division first mortgage of 1880 for $1,287,000, and also
another hill to foreclose the second mortgage of 1886 for
$2,088,000.—Y . 67, p. 75.
Plaza Bank—National Park Bank, N. Y. City.— C ontrol
P u rch a sed . — Men prominent in the management of the Na
tional Park Bank, of 214 Broadway, including Edward E. Poor,
Richard Delafield, August Belmont, Hermann Oelrichs,
Stuyvesant Fish, and others, have acquired a controlling in
terest in the Plaza Bank, Fifth Avenue and Fifty-eighth
Street. Some of those named will enter the board of direct
ors. No change in the management is contemplated.
Port Jervis Mouticello & New York RR.—New President.
Hon. Thomas N. Waller, President, resigned Aug. 1, and
was succeeded by Hon. Addison B. Colvin.—V . 60, p. 712.
Redlands Electric Light & Power.— New S tock. —The
company, it is stated, has issued $300,000 additional capital
stock to pay indebtedness and to make improvements. The
total issue thus becomes $500,000.—V. 66, p. 1047.
Sandusky & Internrban Electric Ry.— In corp ora ted ,—
This company has been incorporated with $500,000 author
ized capital stock by H. A. Everett, E. W . Moore, B. Mahler,
C. H. Stewart and William H. Price to build a line through
Erie, Huron and Lorain counties, and eventually to Cleve
land.
St. Louis & San Francisco RR.— B on d s Called. —First
mortgage 6s of 1879, due Ang. 1, 1919, known as “ First 6s,
Peirce City to Oswego,” for $5,000, viz.: Nos. 40, 68, 110,486
and 647, have been drawn, and will be redeemed Nov. 1,
1898, at 105 and interest upon presentation at the Mercantile
Trust Co., New York City.—V . 66, p. 1090.
St. Paul & Duluth RR.— In crea sed D ividend. —The com
pany on Thursday declared a dividend of 4J^ per cent on its
preferred stock, payable Sept. 1. This, with the
per cent
paid last March, makes for the year the full 7 per cent to
which the preferred is entitled.—V . 66, p. 761.
Staten Island Rapid Transit RR.— M a jority o f Seconds
D eposited .— P en a lty A fte r A ug. :12.—Hallgarten & Co. give
notice that a majority of tli9 5 per cent second mortgage
bonds have been deposited under the agreement of .July 5,
and that further deposits will be accepted to Aug. 22, inclu
sive, after which date bonds will be accepted, if at all, upon
such terms and conditions as may be imposed.—V. 67, p. 179.
Susquehanna & Tidewater Canal.— Mastic Water & Elec
tric Power.— Cease.— The Baltimore “ Sun” said recently:
“ The large dam of the Susquehanna & Tidewater Canal
Company spanning the Susquehanna River at Wrightsville
has been leased for ninety-nine years to the Mastic Water &
Electric Power Company. The company paid $71,000 for the
lease and has executed a mortgage for $4' 0,00J. The water
wheels and motors will be located in a building along the
canal. About $25 000 will be spent in repairing the dam.
Power will be furnished to Lancaster, York, Columbia and
neighboring towns.— V. 63, p. 31.
Tacoma Land Co.— R eceiv er A p p o in ted . —A t Tacoma on
July 31 Henry Longstreth was appointed receiver of the
company on the application of the Provident Life & Trust
Co. of Phila. Trustee under the $1,000,000 mortgage of Oct.
2, 1895, on which it is said there is now due $542,000. The
appointment, the press dispatches say, was made on the
agreement that the Trust Company should pay back taxes on
the mortgaged premises to the amount of $260,000: The com
pany’s capital stock is $2,000 000, and a considerable part of
it is held by the estate of the late Charles B. Wright, of
Philadelphia.—Y . 65, p. 1072.
United States Envelope Co.— A M aine C orp ora tion .—
This company is incorporated under the laws ot Maine ana
not of New Jersey, as was stated recently in this column
upon the authority of an advance report.—V. 67, p. 1 10.
Union Traction Co. of New Jersey.—Second P la n o f
R e o r g a n iz a tio n .- A committee consisting of Eliot Norton,
Chairman, William L. Trenholm, Daniel B. Halstead, Maxi
milian Calm, George G. Duy has issued a plan of reorgani
zation providing that the $352,00) outstanding first mor g g
bonds shall be deposited with the North American True
.,
100 Broadway, New York City, which will issue its receipt*
therefor. A new company shall be formed which shall
acquire the property of the Union Traction Company
Jersey, by foreclosure or otherwise as may be deemed most
advisable, and shall issue new securities c a s t i n g ®f &5n°°>' °°
first mortgage 50-year 5 per cent gold bonds and $,>00 000 com
mon stock, which will he used and distributed as follows :
276
THE
Bonds.
T o holders o f the $852,000 o f bonds issued pro
rata aooordluK to the par value o f their present
holding*. bonds at 33 Lj per cent with a bonus
of $750 storfe for each $1,000 o f new bonds. ..$231,000
T o be offered for sale at 85 per oont with a bonus
o f 75 per rent o f stock for purposes o f ex ten
sion, construction, equipm ent, repair, reorganttlon, receiver's fees and other expenses, and for
working capital....................................................... 210,000
T ota l........................................................................ $500,000
CHRONICLE.
Stock*,
$213,000
287,000
$300,000
A competent contractor has oSeretl to complete, construct
and eqnip the 0 mile extension to the proposed terminus in
Hackensack. The detailed cost ot' construction, amonnting
to f 155,000, is on file with the North American Trust Co.
The time for the deposit of bonds is extended to Auer. 25,
1898, after which date the committee reserve the right to
impose M ich terms and conditions for the deposit of bonds as
they may determine.—V. 67, p. 127.
3?hc
[V ol. LXVII.
C^ oiw ttxcrctal
C O M M E R C I A L
E P I T O M E .
F r id a y N ig h t , Ang. 5, 1898,
A general feeling of confidence .has been apparent in the
business world. The more assured prospects of au early set
tlement of the Spanish war, together with the continued fa
vorable progress of the growing crops and the ease of the
money market, all go to give marchauts a favorable impres
sion of the future prospects for trade. Furthermore business
inmost lines of merchandise ha i besn repu-tel as normal
and appears to be gradually broadening as the season ad
vances. There has been a decided shrinkage in the move
ment of the wheat crop, as fanners apparently have been
slow to market their crops at the prices latterly ruling, and
it is generally supposed that after last year’s prosperity they
are in a better position to hold for higher prices than for a
number of rears past.
United States Rubber Co.— B u rn ers — The shares of the
company have been active this week owing to the death of
Mr, Joseph Banigan, President of the Baoigau Rubber Co.,
Stocks o f Merch andise.
and to rumors that control of that company and of the Bos
ton Rubber Shoe Co is likely to be secured in the inter sat of,
if not bv, the United Statei Rubber Co, The slock of the P o rlc .............. ..............
Boston Rubber Co. is $5,000,000, and the owners are said to
Cobaooo, domestic . .
ask $10,090,000 for it. A Boston paper says;
Cobaooo, foreign . . . .
" T h e absorption o f the above com panies, which have a capa dty of
nearly 75,000 pairs o f m b b e r boots and shoes p er day, w ou ld leave
but two form idable com petitors In the tio ld -th e H ood R ubber Com
pany, with $ 100,000 c ip lta l and a capaoity o f 8.' 00 pairs o f rubber
boots and shoes per d »y, and the M ishawaka W oolen M anufacturing
Com pany ot Mishawaka, tud., with $700,000 capital and a capacity
of 10,000 pairs per day. Other small com petitors wou d be Gov.
Bourne, of R hode Island, 1 ,0 0 ) pairs per day, and George W . Watkinson & Co., Philadelphia, 2,000 pairs per day.” —V. 66, p.TOdS.
jin x e s.
Ooffee,Rio . . . .. . . . ------ bags.
Ooffes, o t h e r .............. ....... bags.
.......
Ooffee, Java.
lagar ........................ . ___hh<ls
J ig a r ........................... bags, &o.
tfoUsses, foreign . . . .......hhds.
S id e s .... ............... . ........ No.
l o t t o a ........................
Sosln......................... ____ bbls.
Spirits Gurpentiae
t a r ......................... ... ....... bbls.
SI ob.E . I ....................
Rios, d o m e s t ic ......... ____ bbls.
Maseed ... ... ... . ___ .bai?s.
Saltpetre ..... ..............
fat© butts ..............
Manila h e m p .............. ...b a les.
. .bale*.
Sisal h e m p .......
F lo u r .................... bbls. & sacks
July l,
1898.
22,925
15.427
15.743
4,723
510.2P5
118,160
127,822
8,109
483.964
None.
34,500
104,461
33,445
1,367
1,274
50,COO
650
None.
5 000
None.
7,9d4
23,819
57,103
A ug. 1,
L«98.
20,831
16,453
15,144
3,211
507,248
92,013
109.491
9,242
605.9^6
None.
36,400
93,242
34,367
1,423
1.448
22.000
630
None.
6,4' 0
None.
9,325
59,660
ft 8,600
A ug. 1,
1807.
14,332
15,245
15,909
2,225
417.685
142,057
49,665
1,275
1,736,623
None.
59,700
63,846
29,286
1,453
635
28,000
1,000
None.
21,000
1,000
30,603
12,972
56,700
Virginia Fr dericksbnrg & Western, —S ta tu s.— W . A
Little, Attorney, Fredericksburg, Va.. writes that lhere a-e
about three miles graded between Fredricksburg, Va., and
Chesapeake Bay, bat that no t ack has been laid. Work has
been temporarily suspended, owing to the refusal of the Eng
lish parties wh i purchased bonds to m ike payment until the
war with Spain is finished.— “ Railway Age,”—V. 65, p. 1174.
West Troy Water Co.— Rece v i r . — William F. R ms of
L a r d o n th e s p o t has b e e n q u ie t l o c a l l y b u t a t t h e W e s t a
New York, a director, has been appointed receiver of this
company, which operates in the city of Watervliet, N. Y. f a ir ly la r g e e x p o r t b u s in e s s h a s b e e n t r a n s a c t e d ; p r ic e s h a v e
The value of the property, including sites, buildings, ma h e ld t o a s t e a d y b a s is , c lo s in g a t 5 5 5 c. f o r p r im e .W e s t e r n
R e fin e d la r d
has b e e n q u ie t
chinery and dam in the Mohawk River, is put at $332,027, a n d 5c. f o r p r im e C ity .
The company in June, 183 7, made a consolidated mortgage a n d ea sier, c lo s in g a t 5 '7 5 c . f o r r e fin e d f o r t h e C o n t in e n t.
S p e c u la t io n in la r d fo r fu t u r e d e liv e r y h a s b een q u ie t.
to the American Loan & Trust Co. of Boston, as trustee, to
secure $400,000 of 5 per cent twenty-year bonds, of which E a r ly in t b e w e e k p r ic e s w e r e e a s ie r b u t t h e c lo s e fir m e r in
s y m p a t h y w it h a n a d v a n c e in c o r n a n d l i g h t r e c e ip t s o f s w in e .
$800,000 or more were reserved to retire underlying liens.
DA.ILV CLOSING PRICES OF LARD FUTURES.
Wheeling & Lake Erie Ry.— S tock D ep osited . —Of the
Sat. Hon.
Titcs,
Wed. Thurs.
F ri.
....................................
....
capital stock there has been deposited with the Central July delivery.................. o. 5-82 . . . .
5'75
5'65
5-4 > 5 ’57
5-60
Trust Co. 44,369 shares of preferred out of a total of 45,000, September delivery____o...........
P o r k h a s s o ld s lo w ly a n d p r ic e s h a v e w e a k e n e d s lig h t ly to
or 98'6 per cent, and 145,912 shares of common out of a total
$9 50@ 10 00 f o r m e s s
C u t m e a ts h a v e h e ld s t e a l ? . T a l l o w
Of 150,000, or 97'2 per cent.— V. 67, p. 179,
Wisconsin Central Co. - Wisconsin Central RR.— Re
ceiversh ip P roceed in gs U nder R ailroad C om pan y's M ortg a g e
o f 1879.— At Milwaukee, July 30, receivership proceedings
were instituted against the Wisconsin Central R a ilroa d Co.
under the mortgage of 1879, of which Edwin H. Abbott and
John A. Stewart are Trustees. Mr. Abbott endeavored to
have the suit made part of the original proceedings against
the Wisconsin Central Company, but Judge Seaman allowed
the bill to S'and and required the parties to show cause be
fore Judge Jenkins in September why receivers should not
be appointed.
The bill states that of the bonds of 1879 there are now out
standing $5,675,000 first series and $5,314,500 second >eries.
The latter are incomes on which no interest has ever been
paid. The first series bonds, on the other hand, are entitled
to 5 per cent interest, and this has been paid regularly on the
$1,469,500 bonds held by the public, but tbere are $3,205,
5i 0 of them held by the Trustee of the Wisconsin Central
Company mortgage of 1887, upon which default has existed
since July 1, 1896. Of the $5,314,500 second aeries bonds only
$12,000 are held by the public, the remaiuiug$5,302,500 being
all or nearly all held by the Trustee of the mortgage of 1857.
The bill alleges tbit Mr Abbott was asked to join in the
suit, bat th it he refused. The prayer asks that the present
receivers of the Wisconsin Central’ C imp toy, Howard Mor
ris a id Henry F. Whitcomb, be appointed receivers of the
Wisconsin Central R.R,
O bjection to F o reclo seu re —D ep osits Called F or. —Robert
Winthrop & Co., of 40 Wall Sireet, New York, call the
attention of the holders of Wisconsin Central RR. first
series first mortgage bonds dated Jan, t. 1879. to the fact
that the trustee under the Wisconsin Central Co.’s first
mortgage of 1887, as the holder of $3,203,504 of those
bonds, ha3 caused proceedings to be commenced to foreclose
the Railroad mortgage, based upon the failure to pay in
terest thereon upon the last three interest days when interest
was paid on all bonds not held by said trustee. In the event
of foreclosure the first series bonds, amounting to $3,675,000
of which $1 469,500 are held by the public, and the second
series income bonds amounting to $5,314,500 (of which only
$12,000 are held by the public), would sh ire alike in proceeds
of sale. The firm therefore proposes to resist foreclosure.
Bondholders desiring to participate may do so by depositing
their bonds on or before Sept. 1, 1898.—V.67, p. 224; V. 65,
p. 1027.
h a s w e a k e n e d s lig h t ly , c l o s i n g at 3 i £ @ 3 5 -1 6 c. C o t t o n s e e d
o i l has b een q u ie t b u t s t e a d y a t
fo r p r im s y e llo w .
B u tte r a n d c h e e s e h a v e b e e n i n fa ir d e m a n d a n d fir m f o r
d e s ir a b le g r a d e s . F re s h e g g s h a v e b s e a fir m f o r c h o i c e s t o c k .
B r a z il g r a d e s o f c o ffe e h a v e h a d o n ly a lim it e d d is t r ib u t in g
s a le , b u t p r ic e s h a v e h e ld t o a s t e a d y ba sis. T a e m a r k e t f o r
in v o ic e s h a s b e e n f a ir lv a c t iv e o n a c o s t a n d fr e ig h t ba sis,
sa les in c lu d in g S a n to - N o 4 a t 6 5i ’,®6 6 5 c a n d d o . N o s . 3 a n d
4 a t 6 H @ 6 '9 1 c . R i o N o , 7 o n th e s p o t has b e e n u n c h a n g e d
a t 6@6j/gC
M ild g r a d e s h a v e b e e n in fa ir d e m a n d a n d fir m
f o r d e s ir a b le g r a d e s , d o l i n g a t 9 c. f o r g o o d O n out a. E a st
I n d ia g r o w t h s h i v e b e - n q u ie t b i t s t e a d y a t 2 4 ’^ @ 2 5 c . f o r
s ta n d a r d J a v a . S p e c u la t io n in th e m a r k e t f o r c o n t r a c t s h a s
b e e n m o d e r a t e ly a c t iv e . E a r ly in t h e w e e k th e t o n e w a s
fir m e r o n lim it e d r e c e ip t s . T h e c lo s e w a s firm .
F o llo w in g
a re t h e fin a l a s k in g p r ic e s ;
A u g .................. 5 ‘45o. I N ov .., . . . ____ _ 5'60o. ! M a r.......... . ...... 5 ‘80o
S ept ...................... 5*55o. D e o .................... 5 70 i. I A p ril ................... 5*90o.
O o t......................5'55o I J a n ...................... 5*75o. I M a y .....................5*95o.
R a w s u g a r s h a v e b s e u iu d eu x a u d ; o ff e r in g s h a v e b e e n
lim it e d an d p r ic e s h a v e
( in n e r , c l m u g a t 4 3 -t6 c . f o r
c e n t r if u g a ls , 96 d e g . te s t, a n d $ % a . f o r M u s c o v a d o 89 d e g ,
tSst. R e fin e d s u g a r h a s b e e n i a b e t te r d e n a a d a n d fir m a t
5 % o . f o r g r a n u la t e d .
S p ic e s h a v e b e e n fir m
T eas ha ve
b een q u ie t a n d ea sie r. O t h e r g r o c e r ie s h a v e b e e n s te a d y .
K e n t u c k y t o b a c c o h a s b e e n firm b u t q u ie t.
S e e l le a f
t o b a c c o has h a d o n ly a lim it e d s a le , b u t p r ic e s h a v e h e ld to a
s te a d y ba sis. S ales f o r th e w e e k w e r e 1,175 c a s e s ; a ls o 300
b a le s H a v a n a a t 70c. to $1 10 in b o n d a n d 15 ) b a le s S u m a t r a
a t Sec. t o $1 85 in b o n d .
S tr a its t in h a s c o n t in u e d in f a ir ly a c t iv e d e m a n d a n d p r ic e s
h a v e a d v a n c e d in r e s p o n s e to s t r o n g e r f o r e ig n , a d v ic e s , c lo s
in g a t 15 80 g 15 85c. E agot c o p p e r h a s h a d o n l y a lim it e d
sa le, b u t p r ic e s h a v e h e ld s t e a d y a t
f o r la k e .
L ead has
b e e n q u ie t b u t s t e a d y , c lo s in g a t 3 '9 5 c . f o r d o m e s t ic . S p e lt e r
h a s b een q u ie t a n d w it h o u t c h a n g e s a t 4 '4 5 @ 4 50c. f o r d o m e s
t ic .
P ig ir o n h a s h a d a m o d e r a t e s a le a t u n c h a n g e d p r ic e s ,
c lo s in g a t $9 7 5 @ $ t l 50 f o r d o m e s t ic .
R e fin e d p e t r o le u m h a s b een s t e a d y , c lo s in g a t 0 4 ° c . in
b b ls ., 3-90c. in b u lk a n d 7 05c. in ca se s; n a p h th a u n c h a n g e d
a t 6c. C r u d e c e r t ific a t e s h a v e b e e n q u ie t , c lo s in g a t 9 5 ^ c . ;
c r e d it b a la n c e s h a v e a d v a n c e d to 93 c. S p ir its t u r p e n tin e h a s
b e e n f a ir ly a c t iv e a n d h ig h e r , c lo s in g a t 2 8 @ 2 8 l£ c . R o s in s
h a v e b e e n d u ll a n d e a sie r f o r th e lo w g r a d e s , c lo s in g a t
$1 33J^@$1 35 f o r c o m m o n a n d g o o d s tr a in e d . H o p s h a v e
b e e n in m o d e r a t e d e m a n d a n d s t e a d y . W o o l fir m b a t q u ie t.
THE
A ugust 6, 1898. j
CHRONICLE,
277
C O T T O N .
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
T h e M o v e m e n t o f t h e C h o p , as indicated by our telegrams
New York, which are prepared for our special use by Messrs,
from the South to-night, is given below. For the week ending Lambert & Barrows, Produce Exchange Building.
this evening the total receipts have reached 10,534 bales,
against 9,728 bales last week and 7,861 bales the previous
ON S H IP B O A R D , NO T C L E A R E D F O R —
week, making the total receipts since the 1st of Sept., 1897,
Leaving
Aug. 5 at
Great
Other
Coast
stoek.
8,315,459 bales, against 6,685,003 bales for the same period of
Total.
B ritain. France. Foreign wise.
1896-7. showing an increase since Sep.1.1897, of 1.930.451 bales.
F r i d a y N i g h t , August 5, 1898.
Receipts at—
New Orleans...
M ob ile ..............
Savannah........
Branaw’k.&o.
Charleston.......
Pt. R oyal,A c.
W ilm ington—
Wash’ton, Ac.
N o r fo lk ............
N’p ’t News, Ac.
62
......
......
......
Phlladel’a, &o..
......
554
75
569
60
134
92
T ot. this week
3,8^5
Wed.
Thurs.
Fri.
10
51
23
72
214
28
4
507
16
239
3
608
124
274
52
215
......
.........
_____
3
......
1,038
......
31
......
.........
.........
28
......
........
.........
3
.........
1,027
24
........
.........
6
24
........
.........
.........
438
.........
___i.
412
.........
7
50
220
49
21
54
60
37
1,992
Galveston........
Tues.
Mon.
Sat.
......
995
......
29
1.679
430
37
3.648
199
363
24
6
.........
1.3051
local.
.........
1.323
1.4861
4.461
75
569
386
155
175
1,106! 10,531
The following shows the week’s total receipts,the total since
Sept. 1,1897, and the stock to-night, compared with last year.
Receipts to
Aug. 5.
G alveston...
T ex. C.,&o.
New Orleans
M o b ile .........
S avan nah ...
Br* wick,Ac.
Charleston..
P. Royal, Ac.
Wilmington.
Wash'n, A c.
N o r fo lk .......
N’ port N..&0
New Y ork ...
B o sto n ........
B altim ore. .
Phlladel. Ao.
1896-97.
1897-98.
This
toeek.
Since 8 ep.
1, 1897.
This
week.
430|l,9U ,682
37
98,068
3,648 2,679,283
199 362.648
118,433
366 1,187,844
24 269,720
470,684
75,877
6 323,692
1,280
4,464 585,497
75
25,602
569 121,194
386 223.803!
76.376
155
83,776
175
Stock.
Since Sep.
1,1 896 .
1898.
621 1,312,429
........
112,751
96412,076,815
8 291,413
88,525
49[ 840.522
177,266
3 l! 393.441
.........i 73,595
2 8 1 234,613
857
179 704,304
103 j
19,042
120
43,69 5
3 7 1 161.274
20
63,37a
1,558
51,090
1897.
15,04S
3,531
81,160
3.225
12,409
1,478
8,996
3,519
7,500
1,317
2,044
5,938
1,034
14,116
2
82,201
5,300
10.833
10,599
519
5 6 ,Ll b
3,7 »
1,081
1.633
.'lew O rleans...
G alveston.........
S avannah.........
Charleston.......
'doblie .............
Norfolk.............
Sew Y o r k .......
Uther p orts___
1.290
None.
None.
None.
None.
None.
4,800
1,500
None.
None.
None.
None.
None.
None.
None.
None.
9,544
1.141
None.
None.
None.
5,70 J
4,100
1,000
None.
None.
None.
200
None.
1,200
None.
None.
Total 1 8 9 8 ...
7,590
None.
21,485
1,400
Total 1 8 9 7 ...
Total 1 8 9 6 ...
770
10,276
1,637
1,200
3,424
10,461
409
704
10,834
1,141
None.
200
None.
6.900
8.900
2,500
73,320
13,907
8,996
3,319
3,225
7,2 L6
73,301
30,L72
30,475 . 213,462
6,240
22,641
86,176
126.454
Speculation in cotton for future delivery has bsen excep
tionally dull. Regular operators have shown little disposi
tion to make new ventures of importance, as they have been
reluctant to sell the market dsspite the favorable pro3pscts
for a large yield from the growing crop, due to the belief
that the low prices now ruling discount a fairly full yield,
and there are possibilities of the crop suffering extensive
damage before it is gathered; still there was nothing in th9
situation to induce buying for a rise, as advices received
from both Liverpool and the Continent st ate that spinners are
indifferent ouyers of cotton. Home spinners also report an
unsausfactorv condition of trade and are out of the market as
buyers. Naturally with the regular trade failing to find
anything in the situation to warrant new ventures, the out
side interest showu in the market for contracts was prac
tically nil. The daily fluctuations in prices were confine 1 to
a very narrow range, advancing or declining a few points as
the ca3e might b9 on either reports of too much moisture
from some sections of ths cotton belt east of the Mississippi,
or reports of showers in the S mthwest, where id was claimed
thar. rainfall was needed. To day there was a dull market.
At the opening limitei selling by New Orleaus depressed
prices a few points. Subsequently, ho waver, a fe w buying
orders came to hand and the loss was recovered, closing with
prices 1 point lower to 1 point higher for the day. Tns spot
market has been quiet and unchanged at 6 1 6c. for middling
uplands.
The rates on and off middling, as established Nov. 17, 1897,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
T ota ls....... 10,534 3,615,45ft
92,416
4.052 6,685,008 243,937
N ote .—5,765 bales added to receipts at New Orleans as oorreotion
since Sept. 1.
Fair............................ ..........o.
I o n G ood Ordinary..................o.
Middling Fair..................
l l l8 on Good M iddling T inged........
Striot Good M iddling..........
% o n Strict Middling Stained___
Good M iddling...................... H o n M iddling S tained.—.............
Striot Low M iddling............ 3ie o ff Striot Low Mid. S tained ...
Low Middling........................ 718 off L ow M iddling Stained.......
8triot G ood O rdinary..........
'8 off
In order that comparison may be made with other years,
we give below the totals at leading norts for six seasons.
On this basis the o facial prices for a few of the grades for
the past week—July 30 to A.ug. 5—would be as follows.
R tceipti a t -
1898.
1897.
Galvee’n.&c.
Mew Orleans
M o b ile ..........
Savannah ..
Ohas'ton. Ao.
W llm ’ton, Ao
N o rfo lk ........
N. News, Ao.
A ll oth e rs...
467
3.648
199
3 66
T ot. this w k.
1896.
1894.
1895.
6
4,461
75
1,309
621
964
8
49
31
28
179
103
2,039
1,003
3,262
20
315
8
41
45
100
101
283
303
80
134
771
7
115
10,534
4,052
4,930
1893.
447
943
2.846
40
573
42
23
593
6
666
818
2,630
1,001
554
498
60
876
229
2,5*7
2,137
5,732
9,243
Bine© Sept. 118615,459 66*5.008 5215,868 7 67,827 5924,575 5070.710
UPLANDS.
S a t.
m o ii T u e s W e d
GULF.
M iddling.......................................
Middling P a ir.............................
STAINED.
T il.
41310 4131B
550
5»8
6 lia
65i«
63*
6%
F rt.
65ie
63*
4l3le 4.l8is
550
558
81IB 6 l ie
65,e
6bs
63*
8H
S a t.
M o il T u e s W e d
Th.
F rt.
5 i16
5 78
6»18
7
51t8
5 78
65ta
6»13
7
Th.
F rt.
4718
5=8
52732
61x8
47la
413yj
d idd lin g .................... ..................
Good M iddling............................
d idd lin g P a i r ............................
l i t oft
Even
733 oft
7l0 off
lhi off
Its off
Site
5 78
B5ia
6 f i8
7
5lie
SHa
578
65,8
6818
7
68)8
7
S a t.
M o n T ile s W e d
47is
558
•5-^32
6li«
47,„
55q
5273
61 8
5 78
6 ’ 18
6»ia
7
47) 8
558
5=8
52732 5m3
6h«
61,8
4 '3X8
550
6 1iq
6516
6%
Tne exports for the week ending t h " evening reach a total M iddling.......................................
5H
of 33,983 bales, of which 23,690 were to Great Britain, 100 Strict M iddling...........................
52732
61l0
to France and 10,19.3 to the^rest of the Continent. Below Good M iddling T in g ed ..............
are the exports for the weekend since Sept. 1. 1897.
The quotations for middling upland at New York on
From Sept. 1,1897, to A uq. 5.1898.
Wtek Ending Aug. 5 1898.
Aug. 5 for each of the past 33 years have been as follows.
Exported to—
Exported to—
from—
Galveston.......
Tex. City, Ac.
New Orleans..
Mobile.............
Pensacola___
Savannah........
Brunswick ...
Charleston ..
Port Royal
Wilmington.
Norfolk..
N'port N.. Ac.
New York.
Boston ........
Baltimore. ..
Philadelphia..
Ban Fran., Ao.
T o ta l............
Total, 1806-97.
Conti- lotal
Great
° r t a t \France
Brtt'n.
nent. Week. Britain.
4,841
.......
...
......
5.013
..
.......
......
4. 700! .......
6.7W
4»1
1,399
100
.........
------
....... 1 .........
2>,e9?|
2,127
5,333 767,99 1 299,362
37
9.H58
5,613 1,122.297 422,751
154,401
73.888
73,740 82,617
157,269
4C0
400
84,123
57,834 .......
117,689
7,000
69,051
2,300
2013,704
4,034 11,790 382,387 53,27 T
481 304.6*6
6,0 JO
93,511
P8C 2,32
16,701
9,534
992
87
600
Continent.
Total
438,102 1.505.3‘U
34.753
24.895
802.861 2.317.912
227,9:6
73,574
39,535 113,423
627,621 733.908
8 *,758 217,0 7
236,613 32) 730
65,831
8,000
180,367 29S.0V)
36,274 105,325
20.079
6.176
313,614 729 303
5.684 310.370
123,278 221.809
18.35*
1,650
138,253 147,787
100 10,198 82.1,83 3,488,576 813,160 3,110,281 7,148,030
200
1.829
4.1SS 8,010.388 695 364 2.228.278 F, 929 025
1 8 7 4 .. ..0.17
1 88 2 . . . c .131]6
1 8 9 8 ....o . 6 H , 1 8 9 0 . ...0 .1 2 H
18 73........ 20^8
1 8 8 1 . ........12118
18 97........ 8
1 8 8 9 . ....1 1 5 X 8
1
8 7 2 ........ 218)
1880
1 88 8 . . . . . 1 1
1896......... 7 7s
1 8 7 1 ........ 19 %
1 87 9 . ........11
1887. .. ..1 0
1895......... 73,
1
8 7 0 .. . . . . 195s
1878 ........1115x8
1894........ 61518 1 8 8 6 . . . . . 9 9I6
1 8 7 7 . ........I U ‘ 16 18 69........ 33 Q
1893 ....... 7 1 3 .6 1 8 8 5 . — .1 0 7 ,8
18
68........ 29Q
1 8 7 6 . ........121x8
1884. .. ..1 1
1892......... 7%
1867.........*9
1875.
1 8 9 1 ....... 8
1 88 3 . ....1 0 1 *
Note .—On Oct. 1. 1874, grades o f ootton as quoted were changed
A ccording to the new olassidoation Middling was on that day quoted
•so. low er than M iddling o f the old olasailloation.
MARKET AND SALES.
S
pot
C
Saturday ..
M onday .
T u esd ay . . .
W ednesday
Thursday.
F rid a y . . . .
T otal.......
M
arket
lo sed.
F utures
M arket
C losed .
Q u ie t ................ Dull.........
S te a d y .............. Steady ...
Q u i e t .................... Quiet
Dull and easy. Doll. — D ull. . . . a .......... Quiet.......
Q u ie t................. Q u i e t .........
Sales
of
Ex
port.
1,119
730
300
780
70 1
850
4,479
Sp o
t
& Contract.
Oon- Con
sump. tract.
24
350
175
153
171
328
1,202
1,600
1,400
2,100
. .. .
Total.
1,144
2,680
1.875
3,033
871
1,178
5.100 10,781
THE
278
CHRONICLE.
F utures .—The highest, lowest and closing prices o f
Futures a t New Y ork are show n in the follow in g table.
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T he Visible S u p p l y of Cotton' to-night, as made up by
cable and telegraph is as follows. Continental stocks, as wt II
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. But to make the-total the complete
figures for to-night (Aug. 5), we add the item of exports from
the United States including in it the exports of Friday only.
1896
1895.
1898
1897
S took at L iv e r p o o l....... b a les. 909,000 670,000 625,000 1.,365,000
3.000
a took a t L o n d o n .....................
11,000
6,000
9,000
T ota l G reat B ritain stock ,’ 912,000 676,000 638,000 :1,375,000
S tock at H a m b u rg....... ...........
20,000
24,000
31,000
33,000
Stook at B rem en ....................... 220,000 107,000 127,000
231,000
1,000
2.000
15,000
Stook at A m sterd am ____
7,000
Stook a t R o tte r d a m .........
200
200
200
200
Stook at A n tw erp ..............
9,000
6,000
20,000
11,000
Stook at H a vre..........................
176,000 126,000 180,000
391.00C
4,000
5,000
Stook at M arseilles................
'
6,000
4,000
Stook at B arcelon a..................
61,000
70,000
60,000
75,000
Stook a t G en oa..........................
35,000
34,000
39,000
48,000
38.000
19,000
19,000
40.000
Stook a t T rieste........................
T otal C ontinental etooke.. 514,200 397.200 516,200 840,200
T ota l E uropean s t o o k s .... 1,456,200 1,073,200 1,152,200 2,2l5,20u
In d ia o o tto n a flo a tfo rE u ro p e
59.000 34,000
38,000
54,000
A m er.cotton afloat for Europe
10,000
73.000
43.000
34.000
E gypt,B razil,A o..atlt.for E’pe
18.000
15,000
11.000
13.000
S tock In United States ports . 243,937
9 2,416 149,095 324,945
Stook in U. 8. Interior tow ns.. 119,857
28,640
43,742
76.890
841
3,074
U nited States e x p o rts to-day.
2,449
1,769
T ota l visible s u o p l j.......... 1,973,068 1,260,037 1,472,631 2,686,656
O f tb e ab ove, totals or A m erioan and other d escrip tion s are as fo llo w s :
Am tntan—
L iverpool stook,
. .... b a l e s . 825,000 554.000 4 8 9.00 01.2 31.0 00
Continental sto o k s...................
482,000 312.000 388.000 736,000
A m orloan afloat for E u r o p e ..
73,000
16,000
34,000
43,000
United States stook .................
243,937
92,416 149,095 324,945
70,890
28,610
U nited States interior stock s. 119,857
43,742
U nited States ex ports to -d a y .
3,074
841
1,769
2,149
T ota l A m erican ................... 1,746,863 1,003,897 1,146,434 2,371,45*6
JBait Indian, B razil, die.—
... . .
81,000 110,000
136,000
L iverp ool stock
135,000
L ondon stook......................... .
11,000
6.000
3,000
9,000
62,200
C ontinental stooks...................
104.200
85,200
130,200
59.000
In d ia afloat fo r E urop e..........
38.000
34.000
54.000
15.000
18.000
11.000
E flypti B razil, A c., a float.......
13.000
T ota l E ast India, A c ..
256,200 326,700 315.200
T ota l A m e rica n ................. 1,746,868 1.003,897 1,146,431 2,371,456
T ota l visible s u p p ly ......... 1,973,088 1,260.097 1,472,634 2,666.056
M iddling U pland, L iv e r p o o l..
3 1Said
4»r,d
<tqi.
325asfl.
M iddling U pland, New Y ork.
6 lirO
8 o.
S^eo.
7*40.
E g y p t G ood B row n , L iverpool
4 U .d ,
53|fid.
65 |6d.
6Sjd.
Peruv.K ongh G ood, L iverp ool
6 7sd.
6 t»d,
6 led.
5»tl)d.
Broaoh Fine, L iverp ool....... .
39lnd.
4tjd .
4d.
32S.2 d.
TlnneveTly G ood, L iv e r p o o l..
35J9d.
4i«d.
315l8d.
3fl1Bd.
' The imports into Continental ports the past week have
been 33,000 bales.
The above figures indicate an in crea se in the cotton in sight
to-night of 712.971 bales as compared with the same date
Of 1897, a gain of 590,434 bales over the corresponding date
of 1896 and a decrease of 713,588 bales from 1895,
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A t t h e I n t e r i o r T o w n s the movement—that Is the receipts
for the week and since September 1, the shipments for tbe
week and the stocks to-night, and the same items for the
corresponding period of 1898-97—is set out in detail below.
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* Last year’ s figures are fo r Colum bia, S. C.
The above totals show that the interior stocks have
decreased during the week 1,817 bales, and are to-night 91,217
bales m ore than at the same period last year. The receipts at
all the towns have been 329 bales m ore than the same
week last year, and since Sept. 1 they are 1,620,085 bales m o r e
than for the same time iu 1896-97,
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 i n 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. 5 and since Sept. 1 in the last two years are as follows.
1897-98.
A « j/« s f 5.
Week.
g A icp ed Via St. L o u is ..................................
Yla C a iro........................................
1,273
599
Via L ou isv ille..............................
Via C incinnati........................... .
V la o th e rro u te s, A o....................
160
619
3,076
T otal gross o v erla n d ................
1896-97.
Since
Sept. 1.
867,435
393,242
32,681
16,922
132,811
154,764
196,497
Week,
1,203
250
215
87
562
818
Since
Kept. 1.
560,337
273,539
23,087
13,951
136,850
160,993
106,032
5,727 1,824,352
3,135 1,264,789
Overland to N. Y ., B oston , A o ..
Between in terior tow n s..............
Inland, A o., fr o m S outh..............
1,285
202
1,073
505,149
39,988
55,775
2,069
331
8,826
T otal to b e d ed u otod ...............
2,560
600,912
11,226
399,809
Leaving tota l n et ov erla n d *..
3,167 1,223,440
* Including m ovem ent b y rail to Canada,
i D eductions greater than overland.
18,091
864,980
Deduct shipment-t—
324,435
5,053
70,321
The foregoing shows that the week’s net overland movement
this year has been 3,167 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 858,460 bales.
In Sight a n d Spinnersr
Takings.
1897-98.
Week.
1
Since
Sept. 1.
1890-97.
Week.
Since
Sept. 1.
Receipts at p orts to Aug. 5 .. . —
Vet overland to Aug. 5 ...................
iouthern con su m p tion to Aug. 5.
10,534 8,615,459
3,167 1,223,440
21,000 1,056,000
4,052 6,685,008
i 8,0 91 864,980
14,000 911,000
Interior stooks in e x c e s s ____ —
34,701 10894899
*1,817
74,781
9,961 8,460,988
t91,954
*103
32,884
9,858
Came in to sig h t du rin g w eek.
Total in s ig h t A ug. 5 -------------
10969680
N irth'n sp in n ers tak’ Ka to A uk. 5.
7,990 2,175.291
♦ D ecrease during week.
t L obs than SeDt. 1.
i Deductions greater than overland.
8,369,034
5,704 1,743,702
THE
A ugust 6, 1898.J
CHHONICLE
CJctot t i o n s f o b M i d d l i n g C o t t o n a t O t h e b M a r k e t s .—
Below aie dosing quotations of middling cotton at Southern
and othf r principal cotton markets for each day of the week.
Week end ing
Aug. 5.
C L O SIN G Q U O T A T IO N S F O B M ID D L IN G O O TT O N ON—
Satur.
Mon.
Tuei.
Wednet.
T hu n.
511,8
5U 1S
5=8
511,8
511,6
511,6
55s
511,6
5=8
5 7e
5^8
578
6%
65is
61,8
5%
51*18
511,8
6
6
638
6516
Gha
5%
513|g
511,8
6
6
5=8
511,8
5^8
511,6
5<s
5=8
5 7s
61,8
63g
6»i«
6® (Hi a
5\
5%
5=8
6
6
511,6
511,6
5=8
511,6
5bi
5®s
5 78
61,8
6%
6°is
6 a>tUia
5=8
54t
5%
6
5U ,8
511,8
5=8
511,8
5is
5=8
5 7s
She
63s
6»,8
G alveston . .
New Orleans
M o b ile .........
Bavannah. .
Charleston..
Wilmington.
N o r fo lk .......
B o sto n ........
B altim ore...
Philadelphia
Augusta.......
M emphis___
St. L ou is___
H ou sto n ___
C incinn ati..
Lords v llle ...
6
1
5^8
5%
5=8
6
6
a
F ri
511,6
5=8
5=8
513
5=8
5 78
61,8
6%
5=16
6 a 6 l,«
5=8
5%
5=8
6
6
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
A t h e n s ............
A tla n ta ......... .
C h a rlotte.........
Oolnmhus. G a.
6^
5 7s
5 7s
5%
Columbus, M iss
E n fa n la ....___
L ittle R o o k
M on tg om ery ...
5*8
5%
5M
5 'a
N a sh v ille ....... .
N atohez........ .
R a le ig h ............
S hreveport.......
5,3
51J
5 7s
534
W e a t h e r R e p o r t s b y T e l e g r a p h . —Advices to us by tele
graph from the South this evening indicate that rain has
fallen during the week at most points, and that along the
Atlantic and in portions of Alabama there has been too much
moisture. In Texas, however, the crop has been benefited
by rain. There are complaints of rust and shedding from
Alabama.
G alveston, T exa s. —It has rained on one day of the week,
the precipitation being one hundredth of an inch. The
thermometer has averaged 83, ranging from 76 to 8 8 . July
rainfall three inches and sixty-two hundredths.
P a lestin e, T ex a s. — Rain has fallen on three days of the
week, to the extent of ninety-six hundredths of an inch. The
rain was beneficial to cotton. The thermometer has ranged
from 6 8 to 93, averaging 80. July rainfall two inches and
twenty-nine hundredths^
Colum bia, T exa s. —There has been no rain the past week.
Average thermometer 84, highest 94 and lowest 73. July
rainfall seventeen hundredths of hd inch.
C uero, T ex a s. —Rain has fallen on one day of the week, the
rainfall being ninety hundredths of an inch. Toe thermom
eter has averaged 8 6 , the highest being 98 and the lowest 74.
July rainfall three inches and ninety-one hundredths.
B ren h a m , T exa s. —The week's rainfall has been one inch
and twenty-six hundredths, on two days. The thermometer
has averaged 83, ranging from 73 to 93. July rainfall eightyone hundredths of an inch.
H u ntsville, T ex a s.— W e have had rain on two days of the
week, the rainfall being one inch and seven hundredths.
Average thermometer 8 0 , highest 97 and lowest 73. July
rainfall eight inches and twenty hundredths.
D allas, T ex a s. —There have been showers on two days of
the week, the precipitation reaching forty-three hundredths
of an inch. The thermometer has averaged 83, the highest
being 97 and the lowest 69. July rainfall two inches and
fifty-two hundredths.
San A n to n io , T exas. — It has rained on one day of the week,
the precipitation reaching one hundredth of an inch.
Minimum temperature 74. July rainfall two inches and
twenty-two hundredths.
D uling, T exas. —There has been rain on one day during the
week, to the extent of fifteen hundredths of an inch. The
thermometer has ranged from 70 to 98, averaging 84. July
rainfall two inches and forty-three hundredths.
C orpu s C h risti, T exa s. —Dry weather has prevailed all the
week. The thermometer has ranged from 76 to 8 8 , averaging
83. July rainfall forty-one hundredths of an inch.
W ea th erfo rd , T ex a s. —There has been beneficial rain on
one day of the week, the precipitation reaching seventeen
hundredths of an inch. The thermometer has averaged
81, the highest b e i D g 96 and the lowest 6 6 . July rainfall one
inch and three hundredths.
N ew O rleans, L ou isia n a . —It has rained on three days of the
week, the rainfall reaching one inch and nineteen hun
dredths. The thermometer has averaged 83.
S h revep ort, L o u isia n a . —July rainfall one inch and fortyeight hundredths.
Colum bus, M ississippi. —There has been rain on two days
during the week, the precipitation being ninety hundredths
of an inch. Average thermometer 83, highest 93 and lowest
74. July rainfall, six inches and three hundredths.
L eland . M ississippi. —July rainfall, three inches and sixty nine hundredths.
L ittle R o ck , A rk a n sa s. —Rain has fallen on four days of the
week, the rainfall being two inches and twenty-four hun
dredths. The thermometer has ranged from 67 to 94, aver
aging 78.
.
H elena, A rk a n sa s. —Crops are spotted. At some points
there has been too much rain and at others not enough. We
have had rain on two days during the week, to the extent of
one inch and nineteen hundredths. Average thermometer
77'3, highest 8 8 and lowest 65. July rainfall one inch and
sixty-eight hundredths.
M obile, A labam a. — Crop prospects are unfavorable.
There are complaints of excessive rains, shedding and rust.
279
Ram has fallen on four days of tbs week, the rainfall being
eighty-two hundredths of an inch. The thermometer has
ranged from 71 to 93, averaging 83. July rainfall five inches
and sixty hundredths.
M on tgom ery, A la b a m a .— W e hear some complaints of slight
damage by continuous rains; otherwise prospects for cotton
and cora are excellent so far. There has been rain on six
days during the week, the rainfall reaching two inches and
twenty hundredths. Average thermometer 80, highest 91
and lowest 71. July rainfall five inches and twenty-six
hundredths.
Selm a, A la b a m a . —The rains of the past two weeks are
causing shedding and rust and the outlook for cotton is less
favorable. W e have had rain on six days of the past week,
the rainfall reaching four inches and sixty hundredths. The
thermometer has averaged 83, the highest being 97 and the
lowest 6 0 .
M adison, F lo r id a .— Crops in general are looking well. Rain
has fallen on three days of the week, the rainfall reaching
one inch and forty hundredths. The thermometer has aver
aged 83 and ranged from 70 to 93.
L eesbu rg, G eo rg ia . —There has been too much rain for cot
ton. W e have had rain the past week, to the extent of three
inches. The thermometer has ranged from 70 to 90, averag
ing 79.
Savannah, G eo rq ia .—W e have had rain on five days oE the
week, the precipitation being one inch and eighty-one hun
dredths. Average thermometer 83, highest 92 and lowest 71.
July rainfall eight inches and fifty-three hundredths.
S tateburg, S ou th C a rolin a . —Dry weather for a while is
hoped for now. It has rained on two days of the week, to
the extent of fifty-six hundredths of an inch. The thermom
eter has ranged from 71 to 91, averaging 8)'7. July rainfall
six inches and seventy-three hundredths.
C harleston, South C a rolin a . —-Rain has fallen on four days
of the week to the extent of eleven hundredths of an inch.
The thermometer has averaged 84, ranging from 76 to 91.
July rainfall twelve inches and ninety-nine hundredths.
G reenw ood, S ou th C a rolin a . —Telegram not received.
W ilson , N orth C a rolin a . —Telegram not received.
The following statement we nave also received by telegraph,
showing the height of the rivers at the points named at
3 o’clock August 4, 1898, and August 5, 1897,
Aug. 4, ’98.
Aug. 5, ’97.
Feet.
4*1
9*7
6-4
11-2
13-5
Feet.
5-2
15-9
4-5
3*4
18-5
flew O rleans.......
M em phis..............
5fash v illa ..............
Shreveport...........
y iok sb u rg ............
J ute B utts , B a ggin g , & c.—Bagging has been in a little
brisker demand during the week under review, at unchanged
quotations, viz.: 6 c. for
lbs. and 6 t^o. for 2 lbs. of stand
ard grade. The markst for jute butts continues dull. Quo
tations are nominally ' 8 0 0 . for paper quality and ljjc . for
mixing. From Messrs. Ira A. Kip & Co.’s circular we ascer
tain that the deliveries of jute butts and rejections at New
York and Boston during July were 33,462 bales, against 21,537
bales for the same month last year, and since January 1st the
deliveries have reached 309,012 bales, against 238,605 bales in
1897. The aggregate stock in the hands of importers and
speculators in New York and Boston on July 31st was nil
bales, against 1,000 at the corresponding date in 1897, and the
amount afloat reaches 64,740 bales, against 104,830 bales last
year.
I n d i a C otton M ovement from a l l P orts .—The receipts
of cotton at Bombay and the shipments from all India ports
for the week ending Aug. 4, and for the season from Sept. 1
to Aug. 4 for three years have been as follows:
Week.
B om bay_____.1
Exports
from —
Week.
7.000 1,782,000
Since
Sept. 1.
Week.
9,000 1,594,000
Since
Sept. 1.
7,000 2 ,122,000
Since September 1.
For the Week.
Bombay—
1897-98..
18969 7 ..
1895- 9 6 ..
Calcutta—
18979 8 ..
18969 7 ..
1895- 96..
Madras—
18979 8 ..
18969 7 ..
1895- 96..
All others—
18979 8 ..
189697 ..
1895-96..
Total a ll—
1897-98..
1896-97
1895-96..
Since
Sept. 1.
Great
OontiB ritain, nent.
1895-96.
1896-97.
1897-98.
Receipts at—
7,
1 dial.
Great
B ritain.
Oontinent.
lota t.
1.000
3.000
2.000
1.000
3.000
2.000
14.000
32.000
71.000
438.000
560.000
717.000
450.000
592.000
788.000
1,000
1 ,0 J 0
4.000
7.000
11.000
27.000
69.000
89.000
31.000
76.000
100,000-
2.000
8,000
10,000
4.000
16.000
9.000
6,000
24.000
19.000
121.000
12 2,000
100,000
134.000
150.000
120.000
2,000
4.000
3.000
2,000
4.000
3.000
13.000
28.000
20,000
3.000
7.000
6.000
3.000
7.000
6.000
33.000
75.000
112.000
621,000
588.000
842,000
767.000
915.000 1.027,000
According to the foregoing Bombay appears to show a
decrease compared with last year in the week s receipts of
2,000 bales. Exports from all India ports record a loss
of 4,000 bales during the week and since September 1 show
a decrease of 2 2 1 ,0 0 0 bales.
THE
280
A l e x a n d r ia
R e c e ip t s
Egypt,
August 3.
and
s h ip m e n t s
1895-96.
1896-97.
6.514,000
2,000
5,792,000
5,205,01M>
Sinct
This
week. Sept. 1
This I Since j This I Since
week. Sept. 1.
week, \Sept. 1.
■ xp orta (bales;—
f o L iv e r p o o l. . . .
To O ontlnentt...........
2.000 341.000
6,000j459.000
Cotton.—
op
1897-98.
Receipt* (oantars*)___
This w eek_____—___
B loc* Sept, 1 ..............
CHRONICLE.
3,000 334,000
2,000,390,000
1,000 335,001
3,000 3 J 3 r00f
T o ta l S n r o p e _____ 8,0001803,000 , 7,000|724,000 4.000 668,000
* A o a u la r U 93 pounds.
t O fw h lo h c o V ii<v ' *ui 1397-9 3,5 1,21 3 b a les; in 1996-97. *0 495
bales; In 1895-96, 59.109 bales.
M a n c h e s t e r M a r k e t . — Our report received by c a b l e
to-night from Manchester states 'hat the u arfeet is steady
for both yarns and shirting.-.
The demand f o r India is
improving. We give the prices for to-day below and leav
those for previous weeks o f this and last year To t comparison
1898.
1897.
8 H lbs. Shirt- OotVn
3k Lbs. Shirt- (JotC7
32* Oop. iitas, comm 07\ Mid. 32# Oop. inas, common Mid.
Twist.
Twist.
Zfplds
to finest.
Vpid'
to fin est.
6.
d.
July 1
“ 8
“ 15 55a
“ 22 5y!6 £6'10
“ 29
A ug.5 5% 3 S 7 ;,
8.
4
4
4
4
4
4
d.
e.
1
1 06
1 08
0kjS>6
0*306
0 * 3 «6
(I.
8
8
3
7*3
7%!
7*3
d.
d.
313,2 6^3
d.
6.
4
4
3tS.<0 6 ^ ® 7% 4
3i33^ 6 'i0 © 7"i6 4
6 7i s tJf7 7 16 4
3 i s , . 61-3 ^7?i 4
®7%
31,(5
d.
s.
Hsi©6
1V ® 6
2 <56
2 t?6
2 ^6
2*9®6
d.
d
4^32
7*51 47,
7*e 4°;i2
7*s 4*4
8
49,2
8
4 “, 2
7*C
D o m e s t ic 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 .— 'W e give
[V o l . L X ’VII,
M issisB irn.—H eavy local rains seriously injuring cotton, causing
shedding o f bolls; grassy and weedy condition o f plant.
Louisiana.—Too m uch rain for cotton ov er gi eater portion of State
and reports o f ah adding and deteriorating are num erous; few worm s,
no d am age; crop s need dry weather.
T e x .as,—'Warm week, with showers* hut rain too light, e x cep t in
scattered localities, to benefit c ro p s; cotton looks w ell generally and
crops are In good state o f cultivation, bu t som e dam age is reported
from Insects and the plant needs rain lu some localities; som e picking
over south portion, and early cotton nearly ready for picking over
other portions.
A rkansas .—G eneral rains, quite heavy except in southw est se c tio n ;
cotton continues to present nne prospect; few reports o f rank grow th
and damage from shedding but injury not serious.
T rnNE3S&8,—Good ralusu som e excessive, fell throughout the State,
iuduclng rapid growth in un m itured c ro p s ; cotton has excess of
stalk grow th and iusnffM ent fruitage.
O klahom a —Cotton has done well.
M issouri.—Go o d rains In all sections; cotton in g ood condition.
These reports on cotton are summarized by the Dapart
ment as follows:
Cotton has suffered from excessive rains and insufficient sunshine
generally throughout the central and eastern portions o f the c otton
belt. Rust, shedding and too rank grow th o f stalk are general in the
sections named. Some has been picked in sou th w est’ Georgia and
picking continues iu Southern Texas. In the last-nam ed State the
crop is in a good state of cultivation, and is generally lookin g well, hut
needs rain in som e localities.
L o u is ia n a ’ s F ir s t B a l e C o r r e c t i o n .— The two bales of
cotton received at New Orleans on Monday, July 25, from
Hard Times Landing, Tensas Parish, are now reported to
have been old cotton freshly ginned, and not new cotton as
stated in our issue of July 30.
N e w E n g l a n d C o t t o n M i l l S i t u a t i o n .— T h e N a u tn k e a g
cotton mills at- Salem, Mass., shut down August 1, to remain
closed two weeks. There have been no new developments in
the matter of curtailment of production at Fall River.
E g y p t i a n C r o p .— Mail advices to Mr. Fr. Jac Andres of
Boston, dated Alexandria, July 16, state:
below a statement showing the escorts of domestic cotton
manufactures for June and fox the twelve months ended
Planters are getting an xiou s about th e low w ater, and in con se
June 30, 1898, and for purposes of comparison like figures for quence our market is very firm. Com plaints o f la ck of water are n u
merous,
and tields distant from canals have suffered. If the irrigation
the corresponding periods of the previous year are also proves insufficient,
severe dam age to the crop m ay result. As a whole,
presented:
the crop Is doing well, and some plants are in bloom .
Q uanG itM o f M a n u fa ctu res o f Cot M onth endin'/ J ’ne 30. 12 m o8. ending J ’n e 30.
ton ( colored a nd uncolored)
1898.
1897-98.
exported to—
1887.
1890-97.
8:48.132
United Kingdom ..................yards 1,080,303
2,816
38,000
France.......... ........................
17,158
Germany . — ........................
58,139
10?, 182
35,739
Other countries In Europe....
1,86 ■'.780
604,926
British North America.........
1 535,521
1,036,401
Central American States and
British Honduras...... .
406,031
553,727
Mexico....................................
115,834
673,103
Santo Domingo......................
12,150
Cuba............. ................... ..
3,400
Puerto R ico..........................
848.182
735,804
Other W. Indies & Bermuda..
214,046
69,372
Argentine Republic...............
684,951
1,212,731
Braiil ............. ......................
613.855
616,070
United States o f Colomom...
1,420,471
2,420,791
Other countries in 3. America
13,047,339 10,460,101
China......................................
100,650
86,088
British East Indies.. ............
19,712
384 431
Japan - .
...................
3.4,400
206,380
Brit,Po8ses’ n8ln Australasia
3,953,711
1,141,821
Other AsU ano Oceanica—
2,042,2*12
97,606
Africa.................................. .
9,973
Other countries......................
Total yards o f above----Total values o f above......
Value per yard........................
Values of other Manufactures of
Cotton exported to—
United Kingdom....... . ................
France.............................................
Germany..........................................
Other countries in Europe............
British North AraeHr«.......
Central American States & British
Honduras................................ .
M exico........................................ .
Banto D om ingo............................
Cuba............... .............. ..................
Puerto R ico....................................
Other W. Indies and Bermuda......
Argentine Republic................... .
Brazil..,. ... ...................................
United States of Colombia...........
Other countries in So. America—
China.......... .......... . ..................
British East Indies.......................
British Australasia........... ............
Other countries in Asia and
Oeeanlca....................... ...............
A /rlca.............................. .......... .
Other countries....... ................. .
10,765.645 11,094 345
163.6 s7
003,316
487,867
1,588,693
1,382,131
087,6“ 3
14,110.228 29,400,800
8,496,741 11,581,098
6,679.4 29
2,642,033
138,662
27,8 8
13.598,473
2,673,651
8,666,680
5,657,7 08
24,0 0 908
115.492.7w7
13,291,373
578,741
1.14 *,027
26,018,521
13,554,743
100,641
5,577,808
1,837,617
291.203
110,698
13,453,936
3.202.983
*,801 320
0.736,921
20,257,078
140.121,036
3.070.360
2.525,985
651,432
29,2*'5,024
16,281,319
78,674
25.209,902 24,117,667 270,507,818|313,533,014
*1,191,023
*0472
$3,183,225 $13,290,823 $17,281,620
$*0491
$*0491
$*•*551
* 11,696
3i0
16.819
7,172
146,-79
16,547
$24,446
732
16,121
5,61
112,434
25.147
$380,089
4.478
190,041
69,350
3,0f* 1,045
214,246
$167.0’ 6
10.4 92
219.009
51.81.7
1,351.179
240,683
43,4 32
596
21,935
22,879
1,048
3,78*
4S1
7.148
0,410
3,283
7,607
8.585
31,569
440
15,073
334,003
18.491
11,715
1,6790.900
34,' 26
50.828
44.704
36,410
7,683
3,882
167,374
346.139
3 ,012
42,144
4.915
83.3 5
00 845
07.1*73
51,8 2
56,08#
2 &776
4 055
181.397
25.237
6,743
63
30,539
7. Of.3
400
337)407
5 .',728
7,312
871,7 30
70,242
10,787
7,041
4.261
4.603
4,713
2,619
S h i p p i n g N e w s .— A s sh o w n , o n a p r e v io u s p a g e , t h e
e x p o r t s o f c o t t o n f r o m t h e U n it e d S t a t e s t h e p a s t w e e k h a v e
r e a c h e d 33,933 b a le s. T h e s h ip m e n t s in d e t a il, a s m a d e u p
fr o m m a il a n d t e le g r a p h ic r e t u r n s , a r e a s f o l l o w s :
Total bales.
Ne w Y o r k —T o Liverpool, per steam ers Aurania, 7 9 1 — Cevic,
5,704 upland and 61 Sea Islan d................................................
6,556
200
To M anchester, per steam er Cumerla (additional), 2 0 0 .......
To Havre, per steam er La G ascogne, 100
.............. - ..........
100
To Bremen, per steam ers Barbarossa, 2 ,3 0 0 ___Friedrich
der Grosse, 1,902
...... ..........................................................
4,202
To Antwerp, per steamer Southwark, 232...............................
232
To Genoa, p er steam ers Karam anla, 3 0 0 ...Spartan Prince,
20 0....................................................................................................
500
N ew' O rleans —T o L iverp ool—July 30—Steamers Cuban, 2,527;
Orion. 2 ,3 8 6 .......................................... ...................................... 4,913
To L on d on —Ju ly 29—Steamer Cayo Blanco, 10'1...................
100
To Copenhagen—July 29—Steamer Nicolai II., 2 0 0 .......
Aug. 3 -S team er A lexandra, 4 0 0 .............................................
600
Galveston —T o L iv e r p o o l—A ug. 2—Steamer G overnor, 4,341. 4,341
To A ntw erp—Ju ly 2 9 —Steamer Lauenburg, 9 9 2 .....................
992
Corpus Ch r is t i , A c.—To M exico, p er railroad, 3 7 -.....................
37
Charleston —T o H am burg—Aug. 2 —Steamer St. George, 400.
400
No r fo l k —To L iverpool—July 3 0 -S tea m er Pinner's Po nt,
4 ," n 0 .- ............................................................................................. 4,700
To H a m b u r g -A u g . 2 —Steamer G1 ucoe, 2,1 00............ . . .
2,100
To Ghent—A ug. 4—Steamer Naparima, 2 0 0 ............................
200
Boston —T o L iverpool—July 2 6 —Steamer Armenian, 2 2 6 ___
July 2 8 —Steamer Canada. 9 ...A n g . I —Steamer Oambroman, l ___Ang. 3 —Steamer Catalonia, 2 4 5 ............................
481
B altim ore —To L iverp ool—Aug. 3 -S te a m e r Indore, 1,399.......
1,399
To Brem en—Aug. 4 -S tea m er Dresden, 930 ...........................
930
Total...................................................................., ............................... 32.983
The particulars of the foregoing shipjijfits, arranged in
our usual form, are as follows.
Great French Ger- s—Oth. W rope—k
B r it'n. ports. many. North. South.
232
100 4,202
500
6.756
New Y ork.
____
600 __
St. Orleans, 5,013 ____
992 _____
Galveston. 4,34,1 .........
......... .........
Oor. C., Ac.
400
Charleston
.........
.........
"2O6
2,100
N orfolk ,,.. 4; 7 o6
____ _
481
Boston —
930 ......... . . . . . .
Baltim ore. 1.399
T otal___ 22.691
100
7.632
2,024
Mexico,
d;c. Japan. Total.
...................... 11,790
......................
5,613
......................
5,333
37
37 .........
......................
400
...............
7,000
......................
481
......................
2,329
37
500
.........
32,983
To Japan since September 1 shipments have been 131,519
bales from Pacific Coast, 8,700 from New Orleans, 38,039 bales
from Galveston, 7,100 bales from Pensacola, 4,501 bales from
Mobile and 29.031 bales from N=w York.
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.. tv L. Moore,
Cotton freights at New York the past week have been
Chief of the Weather Bureau of the Agrioult iral Depart
ment, made public on Taesdty the fallowing telegraphic as follows.
reports on the crop iu the Southern State) for the week
F ri.
ending Ang. 1:
Satur.
Mon.
TUC8. Wedn^s. Thurs.
Total value o f other manufao
*3 VO, 073
$311,015 $3,733,20 ' $8,750/ f)S
lures o f......................................
Aggregate value o f all ootton goods *1,541,906 51,495.140 *17 0 *4 " l"/ *21.037 «78
V i r g i n i a . —G r o w i n g o r o p s l ia v e m a d e e x c e l l e n t p r o g r e s s , b u t w o r k
h a s b e e n I n t e r r u p t e d b y a lio w e r s ; c o t t o n p o o r .
S o a r n O a h o i i n a .— l i x o o p t l n g l im i t e d d a m a g e l o l o w l a n d o r o p s b y
t o o m u c h r a i n , p a s t w e e lt w a s f a v o r a b l e a n d c r o n s c o n t i n u e p r o m is
i n g ; c o t t o n g r o w i n g r a n k , s h e d d i n g I n c r e a s in g , o u t s t il l c a l la b le o f
m a k in g e x c e lle n t orop s.
S o o t h C a r o l in a .—Weather favorable fo r all crop s, e x cep t too wet
lo r cotton , which shows som e rust, considerable shedding, and a n
ex cess o f "w e e d .” bolls beginning to open in southern counties.
G e o r g i a ,— T oo rn u o h r a in a n d l a c k o f s u n s h i n e u n f a v o r a b l e f o r
c o t t o n , w h ic h is l a k i n g o n t o o r a p i d g r o w t h , s h e d d i n g a n d r u s t in g
b a d l y ; s o m e c o t t o n p i c k e d In M lt o h e ll C o u n t y .
F l o r i d a , —R a i n f a ll e x o o s s l v e in s o m e c o u n t i e s , in o t h e r s d e f ic ie n t ;
c o m p l a i n t a l m o s t g e n e r a l t h a t o o t t o n Is n o t d o i n g w e ll, d a m a g e d b y
r u s t a n d s h e d d i n g fr u it .
A l a b a m a .— C o n t i n u e d d a i l y s h o w e r s a n d s o m e h e a v y l o c a l r a i n s ;
c o t t o n i n g e n e r a l l y h e a l t h y c o n d i t i o n , b u t c o m p la in t s o f r u s t a n d
s h e d d i n g b e c o m i n g n u m e r o u s a n d a f e w c o m p l a i n t s o f v e r m i n ; It is
e p e n in g s lo w ly a n d n e e d s d ry w ea th er.
L iverpool............ c.
H avre.................. c.
Bremen................c.
H amburg............ c.
A.mBterdam........ c.
Reval, v. 0a m b..e.
Do v.B rem ’n.c.
Do v. H u ll...e .
Rotterdam.......... c.
G e n o a ................. d.
Trieste................. d,
Antwerp..............d.
Ghent,v.Antw ’p.d.
t Cents n et p er 100
151
M
221
251
30 '
15t
*1
221
251
301
15t
Vi
22t
251
30
151
*4
22'
25t
301
15t
*4
221
25
30!
151
*4
22i
251
301
....
....
....
....
....
....
—
....
....
....
....
....
33!
301
301
321
H
B32
lbs.
331
301
30t
32t
*8
331
301
801
321
*8
831
30t
301
321
*8
6sa
831
30t
301
321
331
301
30'
321
hi
»S9
THE
A ugust 6, 1898.]
CHRONICLE
L i v e r p o o l .— By cable from Liverpool we have the follow in g statement of the week’s sales, stocks, &c., at that port.
July 15. j July 22.
J u ly 29.
51,000
50,0001
Sales o f tb e w eek .......... bales.
2,700
1,500;
Of -wbicb exporters t o o k ...
100
1,100
Of which speculators took.
48,000
47,000
8a es A m e rica n ........................
5,000
12,000
Aetna e x p ort...........................
60,000
50,000
F orw arded.................................
Total stock—E stim ated.......... 1,011,000 995,000
Of which Am erican—Estm ’d 955,000 910,000
19,000
36,0001
Total im port o f tlie w e e k .......
30 ,0001 13,000
Of which A m erican ..............
24,000
28,000
A m ount afloat...........................
17,000
20,000
Of w hich A m erican..............
54,000
1,600
100
50,000
6,000
51,000
948,000
866,000
10,000
6,000
28,000
18,000
Aug. 5.
43,000
1,200
500
40,000
5,000
44,000
909,000
825,000
9,000
3,000
45,000
40,000
281
active at outports. Sales reported were 380.000 bushels, prin
cipally No. 2 red winter.
DAILY CLOSING PRICES OF NO. 2 RED WINTER WHEAT.
8 a.t.
Mon.
Tues. Wed.
Thurs.
September delivery___ c. 69%
69 %
69% 70%
71
December d elivery........ o. 69
69
69% 69%
69%
Fri.
72U
70 %
Speculation in the market for Indian corn futures has been
moderately active, but the tendency of prices has been
towards a lower basis under realizing sales by longs,
prompted by the fall of needed rains in the corn belt. The
downward tendency to prices started with the opening of the
week and was not arrested until Thursday, when prices ad
vanced % c . on a report by a well-known authority that there
would not be more than three-quarters of a crop, and this
stimulated a demand from shorts to cover contracts. To-day
The tone of the Liverpool market for spots and futures the market was firm in sympathy with the advance in wheat.
each day of the week ending Aug. 5 and the daily closing The spot market was firmer but quiet. The sales for export
prices of spot cotton, have been as follows.
were 90,000 bushels.
Spot.
Sat'day. Monday. Tuesday. Wed’ day. Thursday Friday.
Market, )
1:45 p . m .$
Steady.
3*532
31532
31532
3I63a
8,000
500
10,000
500
10,000
1,000
8,000
500
Quiet at
partially
1-04 dee.
Quiet at
partially
1-04 adv.
Quiet.
Quiet.
Quiet.
Steady.
Steady.
Quiet.
Easier.
M id .D p l’cU.
Bpeo. & exp.
Steady.
Fair
business
doing.
s
>
dS
—
F utures.
M arket, (
1:45 P . M . j
M arket, j
4. P. M. f
The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
The prices are. given in pence and 6 -iths.
S 63-64(L. and 4 01 means 4 l-6 4 d .
July 30 to
Aug. 5.
S a t.
.1I o n .
T u es.
3S
2
a
:
W ed.
4
P . M. P . M. P . M. P .M . P .M , P .M . P . M. P .M .
3 23 3*23
3 22 3 22
3 21 3 21
3 20 3 20
3 19 3 1 9
3 19 3 20
13 19 3 19
3 20 3 20
3 2 1 3 21
13 21 3 22
3 22 3 22
d.
1:45
F r i.
11:451 4
d.
4
T h u rs.
•
J
a
3
*3
a
;
:
;
I
I
:
1:45
3 63 means
:
d. j d.
Jnly-A ng ...
A n g.-S ep t...
S e p t.-O ct...
O ot.-N ov___
ffov-.D eo. ..
D eo.-Jan___
Jan.-F eb___
Feb.-M arch.
M oh.-April..
A p ril-M ay..
May-1 une. -.
Thus :
d.
3 24 3 24 3 24
3 23 3 23 3 22
3 22 3 2 1 3 21
3 20 3 20 3 20
3 20 3 20 3 20
3 30 3 20 3 20
3 20 3 20 3 20
3 20 3 21 3 21
3 21 3 21 3 21
3 22.3 22 3 22
3 23 3 23 3 23
d.
1:45
d.
4
d.
3 24|3 24 3 24
3 23 3 23 3 23
3 22 3 22 3 21
3 21 3 21 3 21
3 20 3 2013 20
3 21 3 20 3 20
3 20 3 20 3 20
3 21 3 21 6 21
3 22 3 22|3 22
3 23 3 2213 22
3 23 3 23 3 24
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
Sat.
Mon. Tues. Wed.
Thurs.
37%
37%
37%
37
37%
38%
38%
37%
37%
38%
September delivery____e.
Decem ber d elivery____ o.
Fri.
37%
38%
Oats for future delivery have been quiet, but there has
been an unsettled tone to the market. Early in the week
values held to a steady basis on unfavorable crop accounts;
then came a decline of J^c. in sympathy with the easier mar
ket for corn. Subsequently, however, on continued unfa
vorable crop accounts the market again turned steadier and
the loss was recovered. To-day the market was firmer but
quiet in sympathy with an advance in other grains. The
spot market was quiet, closing at 29J^c. for No. 2 ihixed in
elevator and 32)£c. for No. 2 white in elevator.
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
Sat.
Mon. Tues.
Wed.
Thurs.
September d eliv ery — c. 25% 25%
25%
25%
25%
Fri.
26%
Rye and barley have been firm but quiet.
The following are closing quotations:
FLOUR.
F in e ............................... $2 50/3>2 70
Patent, w in te r.......$4 00
Superfine....................... 2 50@2 90
City mills, ex tra s.. 5 10
Extra, No. 2 ................ 290@3 20
“R ye' flour,
"
superfine 2 50
Extra, No. 1 ................ 320 ©3 50
Buckwheat flour.
C lears............................ 3 40©3 80
Corn meal—
Straights....... ......... 3 65 @ 4 45
Western, eto........ 2 15
Patent,
B ra n d y _________
w in e___ ______
. Spring.......
w ... 4 50 ©5 10
2 30
[Wheat flour in sacks sells at prices below those for barrels.]
-©4 55
© -----©3 00
© 2 25
© 2 32%
G R A IN .
W h e a tHard Duluth, No. 1.
Rod Winter, No. 2..
Hard Man., No. 1 ..
Northern, No. 1 . . .
Oats—M ix’d, per bsh.
W h ite ......................
No. 2 m ixed ............
No. 2 w hite___. . . . .
c.
c.
Nominal.
75 © 77%
Nominal.
76% © 82
27% © 3L
31 © 37
29% ® 30%
32 % © 33
Corn, per bush—
o.
c.
Western m ixed ........... 37 ©39%
No. 2 m ixed ................ 37% © 39%
Western Y ellow ..........37% ©39%
W estern W hite....... ...3 7 % © 3 9 %
R ye—
estern, per bush___49 © 52
State and Jersey.......... 47 © 52
B arley—W e ste rn ............ 45 © 52
F e e d in g ......................... 36 © 37
The movement of breadstuffs to market as indicated in the
statements below is prepared by us from the figures col
lected by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending July 30, and
F r i d a y , Aug. 5, i89S.
since Aug, 1, for each of the last three years, have been as
A moderate volume of busiaess has been transacted in the follows:
market for wheat flour and there has been more tone to the
f ye.
Corn.
Oats.
Barley.
Wheat.
situation, reflecting a slightly better market for the .grain. Receipts at— Flour.
Bush.32lbs
BushASlbs
Bu.
50 lbs.
Bbls.l9Q
lbs
Bush.fSOlbs
Bush.oQlbs
Supplies of old wheat flour have been light, as they have
15,000
06,203
47,040
557.486 1,843,359 1,402,231
Chicago.......
been bought up fairly close. Offerings of new wheat flour Milwaukee..
115,000
14,400
18,600
125,450
37,800
352,345
84,493
1,349
97,102
1,220
28,845
Duluth.......
80,125
have been fairly free, but during the latter part of the week
90,750
81,020
424.C00
1,839
mills were not disposed to force the market, as the steadier Minneapolis64,537
9,446
15,208
1,151
market for wheat had a tendency to strengthen them some
10,843
33,291
103,392
120,465
what in their ideas of values. Locally the export business
750
2,035
00,300
327,600
113,070
St. Louis —
20,470
has been slow, but fair sales have been reported made for di Peoria.........
3,550
600
212,200
19,950
151,350
9,830
87,000
87,000
071,000
rect shipment from the Northwest. Rye flour has been quiet Kansas City.
35,049
131.572
but steady. Corn meal has had a fair sale at about steady
Tot.wk.’98.
214,608 3,696,534 2,643,922 2,194,069
183,113
243,858
Same wk.’97.
247,879 4.743,098 4.224,089 3,684,695
prices.
228,354
105,933
3ame wk.’90.
270,987 3,423.511 4,893,434 1,914 077
The speculative interest shown in the market for wheat Since Auq. 1.
futures has been very moderate, but the tendency of prices 1897-98......... 11,055,480 225,964,135 241,581,745 181.715,079 35.699,585 10,927,708
has been towards a higher basis, they gradually hardening 1890-97......... 11,823,137 108,045.701 107,225,743 180,772,455 39,347,095 7,571,176
owing to a falling off in the crop movement, the receipts the 1895-90........ 12.994J22 210,410.307 125.404.519 153,200,575 39.703,732 4,361,301
past week having been light, indications being that farmers
The receipts of flour and grain at the seaboard ports for the
will be slow in marketing their supplies at the low figure week ended July 30, 1898, follow:
ruling latterly, as after the prosperous year they have just
BarleyP Rye,
Oats,
Corn,
Flour,
Wheat,
bush.
bush.
passed through it is thought that they will be, as a rule, in a
bush.
bush.
Receipts at—
bush.
bbls.
2,925
182.526
722,825 1,00^,500
1,337,500
position to show less anxiety to realize on their crops. The New York..........
450
177,135
746.192
89,404
120,278
export trade, however, has been less active, as the higher Montreal..........
270,614
757,978
121,138
385,048
48
913
....
37,816
Philadelphia
....
prices have had a tendency to check business. Saturday and Baltimore.........
22,812
24,228
839.400
197.671
9,200
27,834
3 1,028
Monday this market was dull and changes in prices Richmond..........
01,230
43,387
215,326
19,017
New
Orleans*....
were slight, showing an advance of
for Newport News...
284,000
19,578
the two days. Tuesday there was more activity to the trad
9,000
2,0C0
179,000
Galveston..........
ing as there was limited buying stimulated by the smaller
3,725 155,787
3,009,084 3,180,413 1,590,709
Total week...
movement of the crop and the comparatively small supply of
201,891 345,010
1,478,327
2,154,734 2,618,623
1897..........
wheat in sight; prices advanced *g®]£c. for the day. Wednes Week
* Receipts do not Include grain passing throusrn New Orleans for roreiffn
day the market was again higher, prices advancing J^@^c. orts on through bills of ladlua.
on limited buying for investment account, induced by the
continued small movement of the crop. A crop estimate of follows for four years:
1895.
1890.
1897.
700,000,090 bushels was made public during the day, but it
Receipts of—
1898.
8,904,719
7,S43,094
9,400.772
apparently had no influence on the market.
Thursday Flour..................... bbls 10,085,921
18,070,088
29.380,417
27,753.882
prices advanced f:)c. for September on the smallness of the Wheat................ ..hush. 00,012,521
23,667.001
44,384,210
100.090.829
22.680,589
crop movement, but the distant deliveries were unchanged. Corn................... .... •“• 127.549,853
37,903,196
43.845,665
59,011,850
1,424.024
4,521,112
0,954,918
2,947,107
To-day t|oe market was fairly active and higher on general Barley................ .. ••
197,591
1,029.269
5,203.997
.. "
8,946,938
Rye....................
.
buying, stimulated by the small crop movement, closing
05.839,898
117,818,204
190,515,291
U<c. up for the day. The export demand was moderately
Total grain... . ’ •• 259,008,3?9
B R E A D S T U F F S .
THE
282
CHRONICLE.
The exports from the several seaboard ports for -he week
ending July 80,1898. are shown In the annexed statement:
Peas,
Ry^
O u ts ,
Flour,
Barley
ITTWal. Com
bush.
472,410
bush.
bbls.
71,620 730,^87
20,860 103,020
8,000
687.357
ih.670
7.*86
330
*87,8 6
147.092
18.9*0
19.678
284.* 00
862,493
22,039
208.610
10,976
148,079 1,230,633
493,281
BxporU from—bush.
Hew York...... 797,603
B oston,....... 11*317
Portland.. .... ..........
P h iladelph ia..
Baltimore...... 307,838
New Orleans.. 813<*0
Norfolk........ ..........
Newport News ..........
M on treal
....
Galveston__
200,840
339.110
Total week.. 1,602.281 3,074,766
iametime'O?. 996.871 1,776,339
139,077 1,320,880
bu sh .
336,687
77,061
bush.
9.383
bush.
N e w Y o r k to A do . l.
Great B ritain..........................
Other E urop ean.....................
0 703
73.0*0
33,005
......... .
87,783
The destination of these exports for the week and since
September 1,1807, is as below.
—----- Wheat.----- ,
Corn.------- -a
-flour.Bxpvrts for
Week Since Sevt.
IFeek Since Sept.
Week Since Sept,
week ami since July 30.
1,1897, July 30. 1, 1897.
July
' 30.
1,1897.
Sept, 1 to—
bbls.
bush.
____
____
____
bush.
irnih.
bufk.„
United Kingdom
03,313 9,093,892 872,354
04.018,402 1.488,462 87,464,035
Continent..........
0,496
1,307,484 781,094
69,013,411 1,618,494 95,424,724
8 . & C. A m e r ic a .
89,820
westIndiei?..... 88,804
Br, N. Am.Colo's
1.816
Other countries.. 18,220
902,249 ......... .
954,831
....... ..
239,099 ... .
318,873
8,833
Domestic Cotton G oods.—The exports of cotton goods
from this port for the week ending August 1 were 3,034
packages, valued at $345,241, their destination being to the
points specified in the tables below :
' “8.68S
00.000
224,100
871,297
1,375
2,700
1,007,783
[VOL. LXY1I.
5,728
1,425
1898.
1897.
Week. Since Jan. 1.
Week. Since Jan. 1
48
9
4,291
23
32
2,930
2,209
89,272
4,555
16,049
13,096
8,586
1,904
5,067
30,540
2,782
20
314
122
T ota l..................................
China, v ia V a n co u v e r'___
8,034
210,085
6,177
3,347
177,050
12,300
T ota l..................................
8,034
216,262
3,347
189,350
In d ia........................................
A rabia......................................
A frica ......................................
W est Indies............................
M ex ico.....................................
Central A m erica,...................
South A m erica......................
Other C ountries....................
1*675
24
1,521
41
060166,924
1,450,210
437,034
1,304,441
2,211
759
108,681
8.744
22,062
8,713
8,694
2,633
4,261
30,823
12,504
220
225
748
239
73
139
1,629
19
* F rom N ew England m ill p oin ts direct.
Total
148^079 12,80^306 1,062,281118,90^968 3,014,765 186,240,974
Total 1890-7........ 139,677 11,074,215 995,871
65.767,909 1,778,339 163,023.606
The value of the New York exports for the year to dal e
has beeu $7,838,205 in 1893 against $8,857,441 in 1897.
The visible supply of grain, comprising the stocks in
The demand for heavy-weight brown goods in sheetings
granary at the prinoipal points of accumulation at lake and and drills from standards up to 4-yard makes has been more
seaboard ports, July 30, 1898, was as follows:
general, and some large buyers have taken greater interest
Com,
Wheat,
Rye.
Oats
Bariev
in the situation. Pepperell Rs advanced l^c. and prices on
In store at—
bush.
bush.
bush,
bush.
bush.
149.000
New York..........
1,677.000
892,000
9.000 other leading makes are firm. lig h t weight coarse yarn fab
28,000
26,000
14.000
Do
afloat..
rics quiet and irregular. In bleached cottons sales are more
Albany.............
120.000
40.000
769,000
206.000
124 000 numerous, but still confined to small individual quantities.
11,000
Do
afloat........
Prices unchanged. Wide sheetings inactive. Cotton flan
7.155.006
726,666
Chicago..
104.000
Do
afloat— ..
nels quiet but steady.
Cotton blankets scarce and
Milwaukee...............
8,000
2,000
97,000
firm.
Quilts occasionally advanced 2%c,. each. Grain
Do
afloat.,......
42,000 hags
Duluth,.,
2,303.000
30,000
**44,000
strong.
American advanced l jjc . each.
Den Do
afloat....... .
ims in better demand than last week at steady prices.
”14*660
337,066
450,000
14,000
Toledo
Do
afloat....... .
Other coarse colored cottons quiet and unchanged.
‘ 73,o66
Detroit..
**3,666
3.0CQ
74,000
Kid-finished cambrics dull and irregular. Dark fancy cali
afloat..—
Do
Oswego..
coes in steady re-order demand and prices maintained." More
8t. Louis,
1,000
staple lines in average request with ready sellers. The staple
Do
afloat........
Cincinnati.,
*4,666
gingham situation is without change; moderate sales at steady
Boston..........
34.000
8.000
271.000
prices.
Dress style ginghams firm and well sold. Print
17.000
Toronto.__ _
12,000
Montreal.
26 4,*666
49.000
10.000
858.000
28.0(0 cloths unchanged at 2c. for extras, but demand quiet. The
Philadelphia.,
47.000
384.000
04.000
Peoria..
84.000
2,000
187.000
*‘ 8,000 short-time project at Fall River still hangs fire.
Indianapolis.............. 344,000
20.000
20,000
F oreign D r y G oods .—This division of the market has
Kansas C ity ........... 155.000
10,000
05,000
5.000
Baltimore..... ... .... 517,000
23.000
83.000
508.000
again shown generally dull conditions. Stocks of fall goods
Minneapolis ............ 8,297,000
33.000
14.000
677.000
14,000
O n M ississippi H ir e r .
............
in part are, however, quite moderate, and prices are fairly
On Lakes.... — ........ 500.000
74*6,666
1,878,000
To*066
well upheld. Business for next spring is occasionally re
On canal and river. ..
8,000
394.000
688,000
7.000
106,000
ported in men’s-wear fabrics and in cotton and woolen dress
Total July 30,1898 . 9,093,000
17^576,000
305.000
3^440,000
” 343,666 goods, but not to an important extent nor sufficiently large
Total July 23,1898. 9.382,000
18.679.000
481.000
4.272.000
945.000
Total July 31,1897.17,814.000
16.690.000
0,528,000
1.772.000
825.0 0 to afford a fair test of prices.
Total Aug. 1,1890.46,754,000
Total Aug. 8,1895.38,517,000
THE
DRY
10.762.000
4,054.000
7.110.000
3.754.000
GOODS
1.599.000
194.000
TRADE.
718.000
28.000
Im p o r ta tio n * a n d W a r e h o u s e W it h d r a w a l* o f D r ? W ood*
The importations and warehouse withdrawals of dry goods
at this port for the week ending Aug. 4, 1898, and since
January 1, 1898, and for the corresponding periods of last
year are as follow s:
Manufactures of—
Wool......................
Cotton...................
Silk.........................
Flax........................
Miscellaneous.........
Total............ .
Ent’d for oonsump.
Total imports.......
N e w Y ork , F r i d a y , P. M ., Aug. 5, 1898.
There has been an improvement in the general demand for
cotton goods during the past week and results have come
nearer to sellers’ expectations than for some time past. They
would have been still larger if all the bids put forward for
quantities had been accepted, and the fact that the majority of
the latter have been turned down because they were not up
to current prices is fair evidence of the general steadiness of
the cotton goods market. There is irregularity in prices
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THE
A ugust 6, 1888,J
I
tate
akp
CHRONICLE,
C ity p£pAfiTMfcWT>
TE R M 8 OF S U B S C R IP T IO N .
The I nvestors ’ S upplement will be furnished w i t h o u t
tatra c h a rg e to every annual subscriber of the Com m ercial
F in an cial C hronicle .
The State and C it y Supplement will also be furnished
without e x t r a c h a rg e to every subscriber of the C h ron icle .
The Street R a il w a y S upplement will likewise be fur
and
nished w it h o u t e x t r a c h a rg e to every subscriber of the
Ch ron icle .
The Quotation S upplement , issued monthly, will also be
famished w it h o u t e x t r a c h a rg e to every subscriber of the
Chronicle .
TERMS for the C hronicle with the four Supplements
above named are Ten Dollars within the United States and
Twelve Dollars in Europe, which in both cases includes
postage.
_________
Terms of Advertising—{Per inch space.)
Transient m atter (each time) $3 50 j Three M onths (13 t im e s )..$25 00
s t a n d in g b u s in e s s c a b d s .
Six m onths
(26 tim es).. 43 00
T w o m onths (8 t i m e s ) ....... 18 00 ] T w elve M onths (52 tim e s).. 58 00
MUNICIPAL BOND SALES IN JULY.
According to our records, the sales of municipal
securities marketed during July aggregates $7,836,563, not including $2,072,200 of temporary loans re
ported. This total compares with $17,389,859 for
July of last year and with $9,704,925 for the month
of June of the present year.
The large decrease in the amount of sales reported
for July, 1898, when compared with the corresponding
month of last year, is explained by the fact that in
July 1897 New York City sold over 10 million dol
lars of bonds and stocks.
While there has been a decrease in the number of
municipalities issuing bonds in July as compared
with June of the preeent year, there being but 174
(emitting 194 separate issues), as against 208 (emitting
238 issues), there has been a decided increase as com
pared with the number for July 1897, our records for
that month showing 136 municipalities and 167 issues.
That the market was somewhat short of desirable
securities was evidenced by the active bidding in
many instances, and necessarily prices have contin
ued high. This fact is the more clearly demonstrated
in the recent sale of St. Louis, Mo., bonds on a
3‘086 per cent basis, and that of the State of Rhode
Island on a 2'906 per cent basis.
The principal sales of the month were as follows :
Duluth, Minn., $955,000 4 percent 30-year gold water
bonds, to E. H. Gay & Co , Boston, at par; Rhode
Island $800,000 3 per cent 40-year gold State House
bonds, awarded to the Rhode Island Hospital Trust
Co., Providence, at 102’22 ; St. Louis, Mo., $593,000
3£ per cent 20-year gold refunding bonds, awarded to
Whann & Schlesinger, New York, at 106'147; $300,000 Baltimore 3| per cent loan of 1940 to local invest
ors at 106'125,and $200,000 Baltimore 3£ per cent loan
of 1945, to the BaltimoreTruBt & Guarantee Co., at 107.
In the following table we give the prices which were
paid for July loans to the amount of $6,986,430
issued by 139 municipalities. The aggregate of sales
for which no price has been reported is $850,133, and
the total bond sales for the month $7,836,563. In
the case of each loan reference is made to the page of
the C hronicle where a full account of the sale is
given.
J u ly B o n d S a l e s .
Page.
Location.
Maturity.
Rate.
136 .Akron (Ohio) Sob. Din. 5
July 29, 1903
8 5 ..Allegany Co., M d ......... 4
tl915-1925
1 3 6 ..
Allegheny Co., P a......
3ifl July 1, 1908
2 3 9 ..
A lliance, O h io.... 5
1899-1903
136.. Anne Arundel Co., M d. 5
1903-1928
189.. Anne Arundel Oo,, Md. 5
1903-1928
1899-1904
2 8 4 ..
Ashland, O h io ... 5
Amount.
Price.
$10,000
50.000
250,000
9,600
20.000
37.000
30.000
105*75
10361
102-60
102-875
108-90
110-65
104 18
28S
Location.
Page.
Rate,
Maturity.
Amount. Price.
284..
. 5
1899-1907
$16,000 105-95
284..
. 5
1899-1902
4,000 101-78
284..
. 5
1911-1915
10,000 110-47
284..
.. 6
1901-1910
10,000 109-97
.. 6
239..
1908
8,000 100
239..
.. 3ia
3 940
300.000 1 0 6125
239.. Baltimore, Md.
.. 3>a
1945
200,000 107
284..
.. 5
11918-1938
15,000 101-333
189
.. 6
1921-1937
16,000 124-268
239..
.. 5
U903-1913
4,400 100
284
.. 4
20,000 100-997
240..
+1899-1920
10,000 100
86..
.. 5
+1908-1918
7,000 100
240..
.. 4
Ju ly 30,1928
20,000 101-079
.. 4
240
Aug. 1, 1928
10,000 100
240
.. 4
1903-1928
28,000 106-319
190 .B ryant, 8. Dak..
1903-1918
2,000 103-50
190.
.. 3
Ju ly 15,189 9
8,019 100
137
.. 3ia
1923
85,000 101-59
137 .
.. 4
1918
20,000 108-39
.. 4*2 Aug. 1 ,1 923
86..
9,000 108-506
190..
i. 5
20,000 102-64
1899-1918
137..
1906-1928
75.000 108-17
.. 4
285.
1917
7,000 100-585
1 3 7.. Cleveland, Ohio............ 4
Oct. 1 ,1 916
100,000 109-937
190.. Concordia, M o . . . . ....... 5
2,000 102
1911-1912
86-. D ayton (Ohio) Soli. Die. 4
83,000 103-80
86. D ayton (Ohio) Sch. Die. 4
July 20,190 9
30,000 103-75
137. Daytona, F la................. 6
1913
5,000 100
240 Defiance (O.) Soli. D is. 6
1900 1902
1,000 104-20
285.. Dahlonega (Ga.) 8 oh.
Dlstriot........................ 7
1899-1923
2,500 108
285 D eadw ood (S. Dak.)
School D istrict......... 6
118991908
8,000 102-062
240 .Dresden, O hio.............. 6
1913-1926
7,000 112-966
2 4 0 .. Duluth. M inn........... 4
A pr. 1, 1928
955,000 100
1 3 7 .. East Lincoln, III..... 4
18991917 72.000 100-6118
1 3 8 ..
East Pittsburg, P a —
5 19001923 18,000 104-54
2 « 5 ... Ebensburg, P a .......... . 3 ^
11900- 1918
11,000 100
1 3 8 .. El P aso,T ex . (2 issues) 6 11913-1938
45.000 103-802
2 4 0 .. F ort M adison (Iowa)
Sohool D is t r ic t ....... 4
35,000 100
1 9 0 .. Garfield (Wash.)Sohool
D istrict....................
6
4,000 102194
1904-1907
1 3 8 .. Geauga Co., Ohio.... 6
9,600 107-468
1 3 8 .. G oldsboro, N .C ....... 6
July 1 ,1 928
30,000 106-623
138. .
Ham ilton, O hio....... 4 ^
2,500 103 07
1899-1908
8 6 .. H untingdon, P a ...........
14,000 100
8 7 .. Ida Grove (la.) Soh. Dis. 4 ^
15,000 100
2 8 6 .. Jackson (Mich.) School
D istrict....................... 5
15,000 107-42
1903-1907
1 9 0 ..
Jackson T w o., O h io ... 6 1911-1912
4,000 111-425
87. .Johnstow n, N. Y .......... 4
1914-1923
22,500 108-42
8 7 .. K ansas...................... 4
220,000 100
2 4 1 .. Kansas, 111................ 5
5,000 103-84
1903-1907
286. Kenton Co., K y ............ 6
*1904
33,140 110-39
8 7 .. Keokuk (la.) S ch .D is.. 5 tl898-1908
8,000 106-262
2 4 1 .. Lebanon, O hio......... 5
20,000 106-262
1900-1909
2 4 1 .. Lewisburg, Ohio...... 5
6,000 104-416
1899-1911
1 3 8 .. Licking Co., O h io.... 5
50,000 105-289
1905-1908
13 8..
Lincoln, N eb............ 4h»
45,000 100
8 7 .. Lucas Co., O hio....... 4*3
30,500 103-092
1899-1908
1899- 1912
138 McArthur, O hio...........T 6
5,000 111-53
1 9 0 .. M cKinney, T exas.... 5
29,000 105-693
11918-1938
1 3 8 .. M ahoning Co., O h io ... 4hi 1900- 1917
90,000 107-40
2 8 - ..M anchester, M ass....... 8h»
100,000 101-11
1899-1908
1 9 0 .. Mansfield, O h io....... 6
18991903 19,700 105-944
2 8 6 .. Mansfield (O.) Sch.Dis. 5
19001903 13,000 104-17
190 M annington, W. Ya. (2 •
20,000 \; 101-50
11908-1923
103-00
issues)......................... °
2 4 1 .. M arion Co., O h io .........
7,160 102-601
10,000 110-77
241. M arquette, Mioh.......... 5
1913
8 7 .. Massillon, Ohio....... 6
4.318 102-339
1899-1906
40,000 105-78
1 3 8 .. Miami C o.,O h io....... 5
1899-1908
1,000 102-30
1899-1900
1 9 1 .. Miami Co.. O hio....... 6
10,000 110-51
1 9 1 .. Midland Park, N. J . . . . 5 July 1 ,1 928
2 4 1.. M lddleport (N. Y .j Boh.
5,500 112-60
1905-1915
D istrict........................ 5
8 7 .. M ilbank, 8. Dak..... 5
10,000 100-587
11903-1908
13,000 100-587
8 7 .. Milbank, S .D a k ..... 5
11908-1913
6,000 100
8 7 .. Milleratown, P a ___ 4
U903-1928
25,000 106-54
139. .Morris, M inn................. 5
1918
30,000 115-91
8 7 .. M ount Vernon, N. Y . . . 4 1944-1946
15,000 100
11903-1913
2 8 6 .. N eodesha,K an......... 6
18991905 7,000 104071
1 3 9 ..
Newark, O h io.......... 5
19001915 4,000 106-775
8 8 .. New London, Ohio.. 5
12,000 106-50
1923-1938
191 Neptune(N.J.)Soh.Dis. 5
286. .N odaw ay Co.(Mo.) Soh.
600 104
1899-1904
D is t r ic t ...................... 6
1 9 1 .. North Plainfield (N. J.)
20,000 101-07
1908-1914
Sohool D istrict.......... 4
19031917 30,000 100
2 4 2.. North Tarry to w n,N .Y. 3 30
21,000 106-210
1904- 1917
88 Oak Harbor, O hio....... 5
12,000 101-333
139 Oelwein (la.) Sch. Die. 4*2 11903-1908
100,000 100-11
8 8 .. 0 .d e n , U tah............ 4 ^
11908-1918
14,500 104
July 1,1 918
1 3 9 .. 0 1 .tow n . Me............ 4
40,000 105-25
1908-1917
1 3 9 .. 0 .e g o n , 111............... 4**
3.000 100-50
1 9 1 ..
0 .f o r d Junotion, l a ... 4*a
97,000 103-35
July 1, 1908
139 Paterson, N . J .............. 4
11.700 100
1908
139 .Pem bina Co., N. D a k .. 5 ^
10,000 i
11908-1913
2 8 6 .. Phcenix, A riz............ 5
39,500 i 100
11918-1928
2-'6..Phoenix, A riz................. 5
30,000 100
1899-1928
1 3 9 .. Plattsburg, N. Y ...... Sb*
900 101-50.
2 8 6 .. Portage T w p., O h io.-- 6
4,200 100
1899-1901
1 3 9 .. Port Huron, M ich... 5
8.000 > 114-36
1899-1914
1 9 1 .. Preble Co., O h io..... 6
12,000 5
1899-1913
1 9 1 .. Preble Co., O hio..... 6
191.. Prince George Co.(Md.)
8.000 109-626
1903-1923
School D istrict.......... 5
200.000 10761
1 9 1 .. Providence, R. I .... 3*3 Apr. 1,1 928
8,669
301-51
191 Putnam Co., Ind.......... 5
20.000 102-739
1899-1903
1 9 1 .. Putnam C o..O h io... 5
800.000
102-22
1938
8 9 .. Rhode Island............ 3
10,500 100
1918
2 4 2 .. R ockville, Md ....... 4
6.000 104-07
tl903-1908
1 9 2 ..
Rolla, Mo.................. 5
23.000 108
1901-1903
1 9 2 ..
Ross i'o., O hio......... 6
2 4 2 .. Roseville (111.) School
13.000 111*13
1899-1911
District No. 1 ............ 6
25.000 109*15
1 9 2 .. 8.. Lawrence Co., N .Y . 4 1913-1917
593,000 106-147
1918
2 1 2 .. 8 ..L ou is, M o. ......... 3*3
1,000 100
140. Sandy Creek, N. Y ....... 4
1 4 0 .. 5 .n Joaquin Co. (Cal.)
20,000
110*275
1899-1918
Fair Oaks Soh. Diet
6
2 4 2.. Sault Ste. Marie(Mich.)
22.000
108*227
Sept.
1
,19
08
School D istrict.......... 4*2
15.000 101*76
1899- 1903
242 .Schenectady. N. Y ....... 4
25.000
102*28
U903-1918
243 Sheboygan,‘W is............ 4
14.000 105*343
1899 1904
8 9 .. Shelby Co., O h io........... 6
1903 1,700 100
2 4 3 .. 5 .ilo h Val. Twp., 111... 5 190019011904 2,000 100
2 4 3 .. 5.ullsbury,W iB ....... 6
284
THE
A m ount. Price.
$25,000 104-556
5,000 105 0726
Page.
L ocation.
R a ft.
M aturity,
1908-1924
89. Somerset C o., M d ........ 4 4
1 4 0 ..South Bend, I n d ........... i
1918
1 9 2 .,South N orwalk, Conn.
(2
.
•i
A pr. 1. 1928
9 0 --South Portiaud. M e___ t
1913
9 0 ..S ooth P ortian d.M e —
4
I92..S poku o* . W i 4 (2 i>Springfield, M um*. (2
issues) — ...................
1-11..Summit. Miss ..............
193*.Tacom a, W ash..............
1 9 3 ..T aylor, Pa.
. ............
2 8 S ..T a v lorv illc (111.) School
D istrict......................
9 0 ..T oledo, O h io.................
2 8 8 ..T oledo, O h io .................
90.,T rcm nnt, !U ............ .
2 4 4 ..U m utilli, ( l a .................
2 8 8 .. U tah............................ .
2 8 8 ..Van A ls to m , T o x .......
1 9 3 ..V incennes. I n d ..........
1 4 1 ..W ade, 111....... ..............
1 4 1 ..W aldo (Ohio) Soli. Dis.
1 9 3 ., Warmkoneta, O h io ., .
2 8 8 ..W ashburn (.Mo.) Soli.
D istrict*......................
1 9 3 .. W ay land, Mass............
193. Wayland. M ass............
1 9 4 ..W hitney’s Point, Xs\Y..
2 4 4 ..White Plains. X. V . . . .
1 9 4 ..W orcester, M ass...........
244. .Y ale, M ich.....................
2 4 4 .. Y ale, Mi oh.....................
CHRONICLE.
192
25,000
4,000
6,750
109
104-71
101-81
10,794
100
34
34
G
8
3
1899-1918
1899-1908
1903-1918
1899-1903
Auv. 1 , 1910
174.000
40,000
15,000
4,980
6,000
5
4
5
6
s
34
0
4*g
44
G
5
1906-1911
Ju ly 1 .1 908
1908
(1899-1906
(1908-1918
1918
1900-1938
1913
1899-1914
1900-1909
1901-1905
6,000 107*35
50,000 103-206
20,000 100
5,500 103 036
1,000 106-25
150,000 100
9,500
04
16,000 107-08
23,500 100
2,500 106-07
5,000 104*78
(1903-1918
1913
1918
1900-1917
1914-1928
1926
1908-1920
1902-1907
3,300 101
11,000 107-135
44,500 108-305
6,400 100
130,000 1 1 0 1 3
200,000 115-80
14,( Oi) }
6,000 >
5
4
4
3-9
4
4
44
44
101-937
100
103-547
i*otal (139 m unicipalities, oov eriu g 159
separate issueal.............................................. $6,986,430
A ggregate o f sales fo r w hloh no p ric e Pas
been reported (35 m unicipalities, cov erin g
850.133
35 separate issu es)...........................................
T o ta l bon d sales fo r Ju ly, 1 8 9 8 .................
'$7,836,563
* A verage o f dates o f m aturity, r S ubject to ca ll in and after the
earlier year and m ature in tbe later year. 1N ot including $2,072,200
o f tem porary loan s reported and which do not belon g in the list.
T issu e d to contractors in paym ent fo r w ork done.
In the C h b o n i c l e of July 9, 1898, page 84,
a list of June bond sales amounting to $9,690,325,
will be found. Since tbe publication of that state
ment we have received the following additional reports:
A d d it io n a l J une B o n d Sa l e s .
P age.
L oca tion .
R a te.
1 3 7 .. B razil, In d ..................... 6
......... Cahnar (la.) Sell. D is .. «
1 9 3 .. W a y la n d (Ia .)S ch .D is. 6
M atu rity.
1910
1903-1903
,
A m o u n t.
Price.
$4,000 113
6,100 106-29
4,500 102-237
T otal a d d ition a l sales fo r Ju n e............................ $14,600
These additional loans will make the total sales
(not including temporary loans) as reported for June
1898 amount to $9,704,925.
New York City.— O u tlyin g B on d s D ecla red L ega l. — W e
give below a list of bonds issued by the municipalities out
side of New York County prior to consolidation which
have been declared valid by Corporation Counsel Whalen.
The list is supplementary to that published in the C hronicle
on June 11, 1898.
C O U N T Y O F R IC H M O N D .—-T h ree issues o f 4£ road bond s, to wit , Series F,
$715.(100, dated J u n e 1, lStfn ; Series G, $100,OtO. d a te d A u g u s t 1. loiter Series
.J, $5?3f\0( o, dated O ctob e r i, l-w u
T I L L A G E O F F A R K O C K A W A Y .—T w o issues tj% s tr e e t-im p ro v e m e n t bond s,
to w it (1) f o r $3b,000, dated J u n e J, 1807: (2> f o r $ 1 1 ,0 0 0 , dated J u n e 3 0 , 1 6 0 7 .
T I L L A G E OF W H IT E S T O N E .—$3,000 914% bond s, d a te d J u ly 1, itiQQ.
T I L L A G E O F C O L L E G E P O IN T . -$ Il,0 u u w ater bonds, N os. 23 to 33. Inclu
s iv e ; ll.OnO each.
T O W N O F F L U S H IN G .—T w o issues, on e k n ow n as Strong’ s B ridge, $12,o00,
Interest 1%, and s econ d . S tron g's C ausew ay im p rov em en t bond s. $9,000.
J A M A IC A U N IO N F R E E SC H O O L D IS T R IC T NO. 7.—T w o issues, o n e o f
$20,000, dated Septem ber 1 ,1895, an d th e o th e r $25,000, dated A u g u s t 1.1895.
T O W N S OF C A S T L E T O N A N D M I D D L E T O W N .-S c h o o l D istrict N o. 1,
$80,000 issue, dated D e ce m b e r 23, 1897, payable $5,000 an n u ally fr o m 1898
to 1913.
T O W N OF F L U S H IN G .—S ch o o l D istrict N o. 5. $93,500 issue, dated A u g u s t 1,
1 hs>7. T h e resolu tion s authorized a to ta l Issue o f $102,500 o f bonds. In
clu d ed in th is a u th oriza tio n w as $9,000 o f bo n d s d ire cte d t o b e issued to
sa tisfy m ortg ages on sch o o l h o u se p roperty. T h is was an u n la w fu l purpose.
It was fo u n d , h ow ever, that this $u,000 o f bo n d s w ere n o t in f a c t issued,
th e tota l am ou n t being $93,500, and th a t th e $9,000 o f bonds w e re n u m
bered fro m 1 to 9. b oth Inclu sive, and that they w ere a ctu a lly m arked “ ca n
celed ,’ ' and ns s o can celed are n ow in th e possession o f th e city au thorities.
T I L L A G E O F F L U S H IN G .—$5,600 f}'r- assessm en t bond s. Series N o. 8. dated
O ctober 22,18'JG.
T I L L A G E O F N E W B R IG H T O N .-$22.4& 9 58 certificates o f indebtedness,
issued fo r sew ers fo r J e w e tt A v e n u e D istrict. TbC3o bo n d s w ere d eclared
valid, but are t o be paid fro m special assessm ents le v ie d upon p rop erty im
proved.
V L L L A G E O F W H IT E S T O N E .—$2,854 00 b on d s, issued J u n e 1 8 ,1897, an d are
payable by special assessm ents upon p rop erty im p ro v e d .
T O W N O F SO U T H F IE L D - -$1(0,000 g o ld road bond s, dated July 15,1897.
FLUbHING UNION FREE SCHOOL DISTRICT NO. *.-$16,000
dated October 1,18w7.
bonds,
J A M A IC A U N IO N F R E E SC H O O L D IS T R IC T NO. 8.-$ 75,0 00 b on d s, dated
O ctob er 1, 1897.
^
_______
B o n d P r o p o s a ls and N e g o t i a t i o n s this
w eek
have been as follows:
Alton (City), 111.— B on d Sate.— On August 1, 1893, $3,000
i f 20-year bonds were awarded to the Millers’ Mutual In
surance Co. and $1,500 of the same issue was taken by the
city as trustee for the late James T. Drummond.
Argentine (K an.) School District.— B o n d S ale.— The dis
trict has sold to the State School Fund Commissioners $9,900
bonds.
Arkansas City, Kan.—B on d N ew s. —In the C h r o n i c l e
last week we stated that an election would be held August
13, 1898, to vote on the question of issuing $95,000 water7
works bonds. These bonds, if authorized, will be in denom
I Vol. LX\ It.
inations of not less than $ 1 0 nor more than $ 2 0 0 , and will
mature in not more than 20 years. Interest will not exceed
0 -. payable semi-annually, at" the State Fiscal Agency in New
YTork City.
Ashland, Ohio. —B on d S a le .^ Q n July 30, 1898, the First
National Bmk of Ashland was awarded" the $30,0JO o f Main
S’ reet bonds at 104 18 and $10,000 of. Cottage Street bonds at
105-05. The Main Street bonds will mature $3,000 every six
uienths from September 1, 1899. to March 1, 1994. The Cot
tage Street bonds will mature $1,000 every six months from
September 1, 1399, to March 1, 1907. inclusive. For further
description of bonds see C h r o n i c l e July 9, 1898, p. 85.
Ashtabula, Ohio. — Bond Sale .—On July 30, 1893, the
$10,000 5t refunding electric-light bonds were awarded to W .
J. Hayes & Sons, Cleveland, at L10-47, and the $4,000 5% refund
ing street improvements bonds to Spitzer & Co., Toledo, at
101*73. Tbe electric-light binds mature $1,009 every six
months from April 1, 1911, to October 1, 1915. The street
improvement bonds mature $500 every six months from April,
1899, to October, 1902. For further description of ’bonds see
C h k o n i c l e July 9, 1898, p. 83.
Auburn Township ( P. 0. Tiro), Crawford County.
Ohio.— B on d S ale.— On July 20, 1898, the $10,000 6 f road-im
provement bonds were awarded to W . J. Hayes & Sons, Cleve
land, at 109-97. Following are the bids :
W . J. H ayes & Sous, C le v e la n d ..10(1*97
Briggs. Sm ith & C o .,C in cin n a ti.. 10JL50
L sm p re ch t B ros. Co., C leveland .108-25
F a m m , L e a ch & Co., C hic ig o — 108 00
I M ansfield Sawings B ank.......... ....105*50
| D enison, P rio r A Co., C levela n d . 10.T57
i B ucyrus C ity B a n k . .. .. ..................103 05
|S eason good & M ayer, C in cin n ati. 101:0 0
Bonds mature $1,000 yearly on June 1 , from 1901 to 1910,
inclusive. For further description of bonds sea C h r o n i c l e
July 16, 1898, p. 137.
Aurora (111.). Sehool District No. 5.— B on d S a le. —On
August 1, 1898, the $10,000
school bonds were awarded
to Farson, Leach & Co., Chicago, at 104-52. Following are
tbe bids :
Farson. Leach &Co., Chic— $10,45200 , First Nat. Bank of Aurora...$L0,360 00
N. \V. Harris &Co.. Chicago.. 10,451 00 W. J. Haves & Sons, Cleve... 10.359 00
Trowbridge, McDonald &
Seasongood &Mayer, Clncin. 10,348 25
Niver Co.. Chicago .......... 10,42150 Latnprecht Br-s. Co., Cleve.. 10,287 50
Mason, Lewis &Co.. Chicago. 10 407 00 j Noel Young Bond & Stock
Denison. Prior &Co.. Cleve.. 10.361 00 | Co., St. Louis. ................ 10,185 00
Principal will mature $2,000 yearly on April 1, from 1905
to 1909, in c lu s iv e . For description of bonds see C h r o n i c l e
July 23, 1898, p . 189.
Baltimore, Md.— B on d S a le .— On August 2, 1893, the
Finance Commissioners authorized the issuance of the $17,500 of the four million loan of 1945 to the sinking fund as an
investment.
Bay City (Texas), School District.— B on d s P r o p o se d .—
The issuing of bonds for a new school building is under con
sideration.
Beaumont, Texas.— Bond Bate.— On July 26,1893, the City
Council repealed the ordinance passed July 22,1898, author
izing the issuance of $13,000 Q% street improvement bonds and
passed another authorizing the issuance of $15,000 5# street
paving and water-works bonds. These latter bonds mature
40 years from date of issue, subject to call after 20 years.
On July 28, 1898, they were sold to N. W . Harris & Co.,
Chicago, at 101-333.
Belleville (111.) School District .— B o n d O ffering.— Pro
posals will be received until 12 h . August 19,1898, by H. D.
Updike, Secretary Board of Education, for $17,500 i f refund
ing bonds. Securities will he in denomination of $500, $12,000 bearing date September 1, 1898, and $5,500 February 1,
1899. Interest will be payable semi-annually, and the prin
cipal will mature 20 years from date of issue. A certified
check for 5 f of the face value of bonds bids for must accom
pany proposals.
Berea (T illage), Ohio.— B on d Sale .— On August 1, 1898,
the $3,500 o f street-improvement bonds were awarded to
Seasongood & Mayer, Cincinnati, at 105-857. Following are
the bids:
Seasongood & Mayer, Clncin..$S,705 00 W. J. Hayes & Sons, Cleve..$3,639 00
Rudolph Kleybolte & Co., Cin. 3,703 00 Lainprecht Bros. Co., Cleve... 3,636 33
The Bank of Berea Co.. Berea. 3,680 95 S. A. Kean, Chicago.......... . 3,622 50
The NewFirst National Bank,
Briggs, Sm ith & C6., C ln c in .... 3,607 60
Columbus......................... 3,040 00
For description of bonds see C hronicle July 16, 1898, p.
137.
Bloomington, 111.— Bored Sale .—On July 29, 1898, $20,009
i f bonds were awarded to E. H. Fudge, Chicago, at 100-9975.
Bonne Terre (M o.) School District .— B on d s R eg istered .—
On August 1, 1898, the State Auditor registered $10,000
1-10 year bonds of this district.
Bozeman, Mont.— B on d s V oted .—A t the election held July
26, 1898, the issuance of $165,000 water bonds was authorized
by a vote of 52 to 26.
Breckenridge, Colo.— B on d s A u th o riz ed .— At the election
held July 25, 1898, the proposition to issue $25,000 water*
works bonds was carried by a vote of about three to one.
Brunswick, Md.— B on d s D efea ted .—A t the election held
August 1, 1898, the proposition to issrfe $3,500 bonds for a
municipal building was defeated by 32 majority.
Cambridge, Ohio.—B on d O ffering .—Proposals will be re
ceived until 1 p . m. August 22, 1898, by T. R, Deselm, City
Clerk, for the following bonds:
$1,080 b\6% Eighth Street sewer bonds.
4,8o0
W h e e lin g A v e n u e s ew er bon d s,
933 5$pi Fourth Street sewer bonds.
Securities are issued pursuant with Section 2264, Revised
Statutes of Ohio, and were authorized by ordinances passed
April 18, 1898. Interest will be payable annually, and the
principal of each issue will mature one-tenth annually.
Canton, Ohio.— B on d S ale .—On August 1, 1898, the, $4,834
street improvement bonds were awarded to the New First
A ugust 6 l w . j
THE
C H R O N IC L E .
National Bank, Columbus, at 101 29 for 4% per cents. A bid
of 101-09 was received from the Dime Savings Bank, Can
ton. Securities mature 483-40 yearly. For further descrip
tion of bonds see C h r o n i c l e Julv 16, 1898, p. 137.
Carlstadt, N. J . —Bond Site. — O il August 4, 1898, the $30,000 30-year grading and macadamizing bonds were awarded
to Benwell & Everitt, New York, at 104-10 for 4xAff bonis.
For description of bonds see C h r o n i c l e July 23. 1898, p. 190.
C hillicothe, Ohio. —Bond Offering.—-Proposals will be re
ceived until 12 m . August 13,1898, by W . J. Eyth, City Clerk,
for the following bonds:
$15,600 P aint Street im p rov em en t bond s, in den o m in a tio n o f $200 e ach . P rin
cipal m atures 15 years fro m d ate o f issu e, s u b je c t to call $1,800 yearly.
7,400 S econ d S treet im p rov em en t bonds, in d e n o m in a tio n o f $200 e a ch . P rin
cipal m atures 1 > v ears iro m date o f issu e, s u b je c t t o call $8uo yearly.
675 P a in t Street im p rov em en t bond s, in d e n o m in a tio n o f $225 each. Prin
cipal m atures 3 years fro m d a te o f issue.
Bonds bear 4% interest, payable annually, and are dated
August 15, 189.8. Tney are issued pursuant with sections
2705 to 2709, inclusive, of the Revised Statutes of Ohio. Sep.
arate bids for each issue will be required.
Cincinnati. Ohio.— Bond Sale.— On August 2, 1898, the
$500,000 ‘i % 4 water works bonds were awarded to Rudolph
Kleybolte <X Co., Atlas National Bank and the W estern Ger
man Bank of Cincinnati, at their ioint bid of 103-70. Follow
ing are the bids:
A tlas N ational Bank, W e s tI G erm an Nat. B ank. C in c in ..$516,093 75
era ie r m a n B a n t and R.
I R. L. D ay & Co., B o s to n ....... 515,950 od
K le y b o lte & Co^. C in c in ...$518,500 00 I 8. K uhn A S on , C in cin n a ti.. 515.635 00
Irwin, B aolm an & Co , Cin . 518,357 00 |H trvev Fisk A Son. N. Y . .. 512.777 00
C itizen s’ Nat. Bank, C in cin .. 518,011 00 W . E. H u tto n A Co., C in cin . 509,c»09 no
W h an n A S ch lesin ger. N .Y .. 517.605 00 M arket Nat. Bank. C in c iu ... 507.238 05
S ea son good & M a v er. Cin___ 516.601301 T h ird Nat. Bank. C incinnati 503.650 00
Bonds mature August 1, 1938, subject to call after August
1, 1918.
Clark County, Ky.— Bond Sale.— On July 12, 1898, this
county awarded to Briggs, Smith & Co., Cincinnati, $7,000 4%
Kentucky Union Railway Refunding Bonds, at 100-585,
Principal will mature in 1917, A bid was also received from
Rudolph Kleybolte & Co., Cincinnati, at par.
Bond, Election.—This county will bold an election on
November 1, 1898, to vote on the proposition to issue $80,000
Turnpike bonds.
Cleveland, Ohio.— Bondi Authorized.— At a meeting of the
Library Board, held August 1,1898, the resolution passed
July 1, 1898, authorizing the issuance of $250,000 library
bonds, waa rescinded, and a new resolution passed authorizing
the bonds. This action was necessarv, as the first resolution
was adopted at a special meeting of the board, while the law
requires that it should be done at a regular meeting.
Bonds Proposed.—An ordinance providing for the issuance
of $500,000 park bonds has been introduced in the City
Council.
Clyde (Village), Ohio — B on d O ffering .—Proposals will be
received until 12 M. to-day (August 6. 1898,) by the Village
Clerk for $6,000 5% water-works refunding bonds. Securities
are issued pursuant with Section 2701, Revised Statutes of
Ohio, and were authorized by ordinance passed Jnly 1, 1898.
They are in denomination of $500; interest will be payable
February 1 and August 1 at thj Chase National Bank, New
York City. Principal will mature $500 yearly on August 1
from 1899 to •910, inclusive. A deposit in cash, or a certified
check on some bank in Clyde for $300, will be required with
each proposal.
Colnmbus, Ohio.— Bond S a le . —On August 1,1893, the $6 3,000 4% bonds were awarded to The New First National Bank
of Columbus at 103 913. Sixteen bids in all were received.
For maturity of bonds see C h r o n i c l e last week, p. 240.
Commerce (Texas), School District.— Bonds Approved.—
The Attorney-General has approved an issue of $7,000 school
bonds of this district.
Crafton, Pa .—Bonds Voted.—The election held on July
26, 1898, resulted iu favor of the issuance of the following
bonds : $16,000 refunding; $10,500 street improvement, and
$8,500 to extend the sewer system. The vote on the refund
ing bonds was 146 to 102; on the street improvement bonds,
139 to 107, and on the sewer bonds. 145 to 105.
Creswell (Township), Cowley County, Kan.—Bond Sale.
—The State School Fund Commissioners have taken an issue
of $19,000 bonds of this township.
Dahlonega ((la.) School District .— B in d Sale.—All bids
received July 30, 1898, for the $2,590 1% bonds were rejected,
and the bonds sold at private sale to Patterson & Co., A t
lanta, at 108. Bonds mature $100 yearly on .1nly 1, from 1899
to 1923, inclusive. For further description of bonds see
C h r o n i c l e July 2, 1898, p . 40.
Deadwood (S. Dak.) School District.— Bond Sale.—On
July 25, 1898, the district awarded to the American National
Bank of Deadwood, the $8,000 6# bonds at 102-062. Follow
ing are the bids:
A m e r ic a n N a t. B k ., D e a d w o o il ..$8 ,18 5 I J . M . B r iM fo r d , D e a d w o o d ............. j>ar
W m . T h o m p s o n , J a c k s o n , M i c h .. 8,160 I A n g e l o G ir a r d , D e a d w o o d .........- Car
Securities are in denomination of $500, dated September 1,
1893. Interest will be payable April 1 and September 1, and
the principal matures 10 years from date of issue, bonds being
subject to call at any semi annual interest period.
Detroit, Mich.—Bond Sale.— The Sinking Fund Commis
sioners have taken $200,000 4% 1 4-year (serial) street-improve
ment bonds. These are special assessment bonds, and are all
taken by the sinking fund. Each bond is for one fourth of
the cost of paving the street, and are issued as soon as the
paving is completed.
Duluth, Minn.—Another Bond Issue Proposed.—On July
25, 1893, a resolution was introduced in the City Council
proposing to award to E, H, Gay & Co., Boston, an addi
285
tional $300,000 4% gold water bonds of the $1,356,009 issue
voted for the building of a water and light plant. Action on
the resolution was postponed one week.
Durham, N. C.—Bonds D ffea tei.—At the election held
August l, 1898, the proposition to issue $225,000 water-works
electric-light and street-improvement bonds was defeated,
’
Ebensburg, Pa. -B ond Sale.— W e are advised that the
$11,000
sewer bonds recently authorized were sold on
July 25, 1893, to the First National Bank of Ebensburg at
par. Securities are dated September 1, 1393, and mature
September 1, 1918, subject to call after September 1, 1900.
Elyria. O hio.— Bond Offering. —Proposals will be received
until 13 M., August 24, 1»93. by the Mayor aud City Council
for $150,001 4% i water-works construction bauds. Securities
are issued pursuant with sections 2836, 2S37 and 2837a. They
are in denomination of $1,090, dated July 1, 1898 Interest
will be payable January 1 aud Jnly 1 at the United States
Mortgage & Trust Co., New York City. Principal will ma
ture $10,030 yearly on July 1, from 1939 to 1923, inclusive.
Proposals will also be received at the same time and place
for $45,000 4 % i water-works purchase bonds. Securities are
issued under tne same laws as above, and will be in denomi
nation of $1,000, dated July 1, 1898. Interest will also be pay
able January 1 and July 1 at the United States Mortgage &
Trust Co. Principal will mature $10,000 yearly on July 1,
from 1924 to 1927, inclusive, and $5,000 Jnly l, 1928. Pro
posals for the above bonds must be made on blanks furnished
by the City Clerk.
Essex County (P . 0 . Newark), N. J.— Bond Offering.—An
advertisement will be found elsewhere in this Department
stating that proposals will be received until 2 p. ii. August
10,1898, by the Finance Committee of the Board of Chosen
Freeholders, for $500,00) 4i gold park bonds. Securities arein denomination of $1,00), dated August 1, 1898; interest
will be payable February 1 and August 1, and the
principal will mature August 1, 1933. Bonds are a direct
obligation of the county, with sinking fund provision.
Interest and principal payable and subject to registration at
the United States Mortgage & Trust Co., New York City.
Under the statute the bonds are a prior lien on the tax levy
“ before the county municipalities.” A certified check for
$5,000 must accompany proposals. D. H. Johnson is Chair
man of the Finance Committee.
Fayetteville, Tenn.— Bond Election.—An election will be
held August 27, 1898, to vote on the question of issuing $30,000 5% 10 20-year (optional) water-works bonds,
Freeport, 111.— Bonds Authorized.—The City Council has
voted to issue $35,000 5# 20-year bonds, for the purpose of
building a new city hall.
Gaylord, Minn.— B o n d News.—In the C
last week
we stated that proposals would b3 received until August 16,
1893, for $5,000 6% electric light plant bonds. These are
the bonds awarded on July 11, 1893, to the Minnesota Loan
& Trust Co., Minneapolis, at 106-052, but it was discovered
that the sale had not been advertised a sufficient number of
times, it appearing but twice instead of three times. Hence
bonds are re-advertised,
Greenville ( Borough), Mercer County, Pa.—Bond Sale.—
On August 1, 1893, the $10,000 4% bonds were awarded to N.
W. Harris & Co., New York, at 102-57. Principal will
mature $500 yearly on August 1, from 1899 to 1918, inclusive.
For description of bonds see C
J nly 16, 1898, p. 138.
Hagersl own, Md.—Bond Sate.—On August 2, 1898, $2,500
4% paving bonds were awarded as follows : To Samuel Rouskulp, $400 bonds at 104-025 and $400 bonds at 105-525; ro S.
B. Loose, $400 at 106-20, $400 at 107-65, $390 at 111-03 and
$600 at 114-00.
Hamilton County, 111.—Binds Voted.—The election held
on July 26, 1893, resulted in favor of the issuance of $280,000
4\A% refunding bonds. The proposition carried by a majority
of-over 600,
Hudson County, N. J.— Bond Sale Postponed.—The sale of
$26,000 4% bridge bonds advertised to take place Ang. 4,1898,
was postponed.
Hudson, N. Y.— Bond Offering.—On August 22, 1898, at 12
M., the city will sell at public auction $10 000 4% refunding
water bonds. Securities are issued pursuant with Chapter
186, Laws of 1896. They are in denomination of $1,000, dated
August 22, 1898. Interest will be payable February 1 and
August 1, and the principal will mature August 22, 1908.
Both open and sealed bids will be received, a certified check
for $250 being required with sealed bids.
Houston, Texas.— Bond Offering.—Proposals will be re
ceived until 12 , August 20, 1898. for $100,000 5# 40-yearstreet improvement bondn. Par and a premium of at least
$4,000 must be offered or the bid will not ba considered. A
certified check for $2 ,0 0 0 , duly certified by a Houston bank,
h r o n ic l e
h r o n ic l e
m
must accompany proposals.
. _
. .
lo la , Kan. — Bond Issue. —The School Fund Commission
ers have taken an issue of $10,50) school bonds or this city.
Iowa. - Warrants Awarded.— The award of interest-draw
ing warrants to be issued by the State of
tor
funds be ween August 1 , 1898, and January 1, 1899, was made
August 2, 1893, as follows :
Valiev N ational Bank, lie s M oines Iow a, $10,0'J033;89,S, flO ,000@3-M £, $10,000
Horae Savings Bank, Des Moines, $10,000®3'9J>^.
First National Bank, Mount Pleasant, $15,000(<4t*/5.
286
THE
C H R O N IC L E
The balance of the warrants to be endorsed daring the
above mentioned period were allotted equally to the follow
ing parties at , to-wit :
Sflooait N ot. Bank D ubuque, Iow a.
|Jaoob Straus* k Oo., C levelan d, O hio.
Iow a S tate Nat. Bk., S io u x Oltjr, Iow a . I
For description of warrants se e C h r o n i c l e last week, p. 341.
Jackson (Mich.) School District.—Bond Safe.—On July
SS, 1808, the {15.000 5* school bonds were awarded to Farson,
Leach & Co., Chicago, at 107’43. Following are the bids :
Faraon. Leach A Co., Chic .. .$16,113 00
W. J. Hayes Jfc Boos. Clave... 10.007 00
8. A. Kean, Chicago ............. 16,075 00
People's Nat. Baoj^Jackaon. 16.030 00
Maaon. Lewis A Co., Chicago. 16.035 00
Union Bank. Jackson............ 16.035 00
Spitsor A Oo.. T o le d o .........$15,017 00
Denison, Prior &Co« Clave,. 15,012 76
Jackson City Bank. Jackson. 15,007 60
Seasongood A Mayor, Clnctn. 15,862 50
F . M . McKay, Chicago.......... 15,700 00
Principal will mature {3,000 yearly from 1903 to 1907, in
clusive. For description of bonds see C hronicle July 16,
1898, p. 138.
Kansas City, K an .—Bond Sale.— The city has sold to
Spitzer & Co., Toledo, {135,000 10-15-year refunding bonds.
Kenton County, K y .—Bond Sale.— On Jnly 35, 1898, {3 3,140 Of 5W-year (average) court-house bonds were awarded to
Rudolph K le y b o le & Co., Cincinnati, at 110-39.
Kenton, Ohio .—Bond S a le . — On August 1, 1898, the city
awarded to P. M. Crow of Kenton {1,365 6i< bonds at 100'37.
Four bonds are in denomination of {375 and one of {385, and
mature one bond yearly.
Kern County (C a l.), Randsburg School D istrict .— Bond
Offering. — Proposals will be received at any time by the
County Treasurer for {3,500 8£ gold school building bonds.
Securities are in denomination of {50 >, dated June 1, 1898.
Principal matures one bond yearly,
K ir k s r llle , Mo .—Bond Sale.— On August 3, 1898, the {40,000 Bft 5-20-year (optional) water-works bonds were awarded
to N . W . Harris & Co., Chicago, at 104-031.
K n o xv ille, P a .—Bond Election .— A n election w ill be held on
August 33, 1898, to vote on the question of issuing between
$10,100 and {14,000 water-works bonds.
L ittle F a lls, N. ¥.—Bond Offering.— Proposals will be
received until 3 p . m ,, August 15, 1898, by F . B. W ilcox, City
Treasurer, tor {85,000
school bonds. Securities are issued
pursuant with Chapter 565, Laws of 1895, and of the Consol
idated School Law of the State of N ew York. They are in
denomination of {1,000, dated July 1, 1893. Interest will be
payable annually on July 1, at the office of the City Treas
urer. Principal will mature {3,000 yearly oa July 1, from
1903 to 1935 inclusive. The successful bidder will be required
to deposit {3,030 within five daysafter notice to him of award.
Lyons (Io w a ) School D istrict .— Bond Sale.— The district
has awarded to N . W . Harris & Co., Chicago, {5,000 -1%%
bonds at a little more than par.
Manchester, Mass .— Bond Sale.— On July 30, 1898, the
tow n awarded to Parkinson & Burr, Boston, $100,000
gold park bonds at lO l'll. Following are the bids,
Parkinson A Burr, Boston ....... lOl’l l
Jose. Parker A Co., Boston...... 101*031
Lee. Hlgginson & Co , Boston.. .101*08
E, EL Rollins A Sons, Boston.. ,101*03
R. L, Day A Co., Boston.
100*93
E. C. Stanwood, B o s t o n . .100*81
Blake Bros. & Co., Boston........100-78
Estabrook & Co., Boston......... .100-708
Blodiret, Merritt & Co., Boston.100*7:1
Adams & Co,, Boston ... .........it 0-59
N. W. Harris A Oo., Boston ....100-373
Bonds mature {10,000 yearly.
Mansfield (O h io) School D istrict.— Bond Sale.— Oa July
37, 1898, $13,000 5% bonds of this district were awarded to the
Mansfield Savings Bank at 104-170. Following are the bids:
Manaflold 8av. Ilk.,Man.Held.$13,512 12 r W. J. Hajes * Sons, Clove .*13,US 00
Cltlsena’a Sav. A Loan As&’n,
"Denison. Prior &
‘ Co.. Clove 13,lit! 00
Mansfield............................13,510 00 The New First Nat., sank,
SeasoDgood A Mayer, Cincln, 13,431 00
Columbus.......... ............... 13,377 50
L&mprecbt Bros. Co.. Cleve.. 13,423 80
[Y o u L x v n .
N ashville, Tenn.— Bonds A uthorized. — The City Council
has passed the ordinance providing for the issuance of {100,000 bonds for the building of the approaches to the new ter
minal station viaducts.
Neodesha, Kan.— Bond Safe.— The city has sold to local
investors at par {15,000 6 Y water-works bands. Securities
are in denomination of {30 ), dated June 33, 1898. Interest
will be payable semi-annually, and the principal will mature
June 33, 1913, subject to call after Jane 38, 1903. Principal
and interest are payable at the Kansas State Fiscal Agency
in New York City.
Newark, N. J. — Bond Issue Recommended.— Oa A u g u s ts ,
1898, the Finance Committee of the Common Council passed a
resolution recommending the issuance of {100,000 -tjC 20year school bonds under authority of an A c t of ths Legis
lature approved February 24, 1898.
New Bedford, Mass.— Temporary Loan .— The city has ne
gotiated a loan of {75,000 with J . S. Moseley & C i , Boston,
at 8-06£ discount.
New B ritain , Conn.— Bond Sale.— On August 1, 1898,
{40,000 water notes were sold to Rogers, Newman & Tolm an,
Boston, at par, as 31^ per cents, Securities are in denomi
nation of {10,000. Principal will mature {10,000 yearly from
1899 to 1902, inclusive.
New Castle (P a .) School D istrict.— Bond Sale.— The dis
trict has sold to local banks an issue of {40,000 school bonds.
Nodaway County (M o.) School D istrict.— Bond Sale.— The
district last month awarded to the Noel Young Bond & Stock
Co., St. Louis, {600 6£ 1-6-year bonds at 104.
Northam pton, Mass.— Bond Sale.—The city has awarded to
Jose, Parker & Co., Boston, {30,000 4j{ one year grade-cross
ing notes at 100-63,
Orange County, Texas.— Bond Offering.— Prooosals will
be received unril 12 m , August 15, 1898, by H. H . Russell,
Cpuuty Treasurer, for {30,500.5# courthouse bonds. Securities
are in denomination of {500, dated June 10, 1898. Interest
will be payable annually on April 10, at the First National
Bank of Orange. Principal will mature 40 years from date of
issue, subject to call after 5 years. Bonds are issued under
authority of Articles 877 to 883 inclusive, of the Revised
Statutes of 1895, and were authorized by the Commissioners
Court of May 14, 1898.
O rrville (V illa g e ), Ohio.— Bond Offering.—The Finance
Committee of the Village Council will on August 31, 1893, at
12 M., offer for sale at the office of Ed. W irth, Clerk, {11,090
6# Market Street improvement bonds. Securities are in de
nomination of {500, dated September 1,1893. Interest wilt
be payable semi-annually at the office of the Village Treas
urer, and the principal will mature {1,000 yearly from 1899
to 1907, inclusive, and {3,000 in 1908. A certified check for
5# of -the amount of bid, payable to the Village Clerk, w illbe required with each proposal.
Osceola, Iowa.— Bonds Proposed.— The question of build
ing a $15,000 or {20,000 water-works system is under dis
cussion by the citizens of this place, bat as yet no official
action has been taken.
Oshkosh, W is.— Bonds Defeated.— The ordinance provid
ing for the issuance of bonds for a new school house in the
Tenth Ward, was recently defeated. Nineteen votes were
cast in favor of the ordinance while twenty-one were necessary
to authorize.
Passaic County, N. J ,— Bond Sale.— On Ang. 1, 189S, the
{100,000 4# court boose bouds were awarded to the Paterson
Savings Institution at 104-20, and the {30,000 5# road bonds
to the Provident Institution for Savings, Jersey City, at
102-70. Following are the bids :
Securities are in denomination of {500, dated July 27, 1898;
interest parable semi-annually. Principal will mature $3,000
yearly on July 27 from 1900 to 1903, inclusive, and {4,000 on
$100,000 Court-House Bonds.
$100,000 Court-Ifouse Bonds.
July 27, 1903. Bonds were issued oy the Board of Education Paterson Savings Institution., .104*20 Parkinson A Burr (mat. in 1908)102*235
Edw, C. Jones Go , Now York.... 101*03 Francis K. MeCully................... 101*55
of Mansfield under authority of Section 3,994, Revised Stat
$40 OCO Rood Bonds.
C. ZabrlskiCL Jersey City — . — 103**0
utes of Ohio.
Mason, Lewis &Co„ Chicago ..103*295) Provident Inst. ( (mat. m 1900). 102*05
for Savings... ( (mat. in 1901). 103*35
Methuen, Mass.— Bond Sale.— Tbe town has awarded to 35. fct. Rollins A Hons, Boston.. .103*137 Geo.
S, McCarter................ ,.,.102*18
N. W. Harris A Co., New York.. 102*65
Blodget, Merritt & Co., Boston, $23,300 4# bridge notes at Parkinson A Burr (mat. In 1908)102*033 Mason* Lewis & Co., Chicago.., .101*790
104-69.
The court-house bonds mature {50,000 February 1,1908,
Milwaukee, W Is — Bond Issues Approved.—The Finance
and {50,000 February 1, 1909, and the road bonds {15,000
Committee has approved of ordinances providing for the is
March 1, 1900, and {15,0t)0 March 1, 1901. For further de
suances of $50,000 sewer bonds and $80,000 park land bonds,
scription of bonds see C hronicle July 23, 1898, p. 19 L.
M issouri.— Bonds Registered.— The State Auditor has reg
Paw Paw, Mich .— Bond Sale.— On August 1, 1898, the
istered the following bonds :
$500
bonds o f Butler County School District No. I, 12, 8, dated July 20, 1808. $18,000 5# water-works bonds were awarded to the First
600 7%hoods o f Stone County School District No. 1, 26, 22, dated June 10, 189*. National Bank of Paw Paw at 103‘039. Following are the
100 - ‘ t" nda o f Scott County School District No. 6, 2ft* 13, dated June 2-. l-'BS.
bids:
. bond o f Ripley County School District No. 2, 221. dated July si), 1898.
•tOO
bond of Stoddard County School District No. 5,24, 9, dated July 22, 1898
First Nat. Bank. Pan- Paw...*18,551 00 I J. D. Waeor........................... *18,150 OO
N. W. Harris A C e., Chicago. 18,555 00 ] LamxreehtBros. Co.,Clove... 18,123 00
M obile, A la.— Bond Offering.— Proposals will be received W.
J. Hayes & Sons, Clove... 18,42800 JTrowbridge, MacDonald A
Mason-, Lewis A Co..Chicago. 18.385 •0
Niver Co., Chicago ............ * 18,108 00
until 12 M ., September 12, 1898, by the Finance Committee of Parson,
Leach A Co.. Chicago 18,222 00 |Duke M. Farson, Chicago ... 18.025 00
the General Council, for $750,000 4 ^ , water, works and sewer
Phoenix, A riz. — Bond Sale.— The city has sold at par to
age bonds, Securities are issued pursuant with Section 21, a syndicate, acting through a local attorney, {10,009 5# gold
Charter of Mobile, and were authorized by a vote of the Fire Department bonds ana{39,500 5%gold city warrant fund
people at the election held August 3,1897, and by a resolution ing bonds. The sale of these bonds “ will be closed when legal
investigation is completed " Securities are in denomination
of the General Council approved May 17, 1898. They will
o f $5 0, with interest payable semi-annually. Principal of
be coupon b on is in denomination of $1,0 0 to the amount of the Fire Department bonds will mature 15 years from date of
{700,000 and {100 each to tbe amount of {50,000, and are issue, subject to call at anv time after 1.0 years in sums of not
dated November 1, 1808. Interest will be payable May 1 and more than {3 000 yearly. The warrant funding bonds mature
80 years from date o f issue, $3,950 being subject to ca'l yearly
November 1 at the Chase National B ink, New Y ork City,
after 30 years.
and the principal will mature November 1, 1988.
Pomona, C al .—Bon k Proposed. —Citizens of this place are
The official notice o f this bond offering will be found among discussing a proposition to issue binds f o r sewer purposes.
Portage Township School District, Ottawa County, Ohio.
e advertisements elsewhere in this Department,
—Bond Sale. — The district has awarded to R, Richardson of
Montgomery, A la .—Bonds Authorized.—An ordinance pro
Port Clinton §900 6% bonds at 101-50. Following are the bids:
ding for the issuance of bonds for the purpose of paving
oleombe Street has been adopted.
n. mrUar.Inon, Pnrt. Clinton....*913 50 [ E. H. Wall, Port Clinton .........*109 00
T.impreeht Ur. 13. Co.. Cleveland 012 55 |Gorman-A n. Bx.. Pjrt Clinton. 90100
THE
Audvene 6, 1898. j
C H R O N IC L E .
Bipley County, Mo.—Bondi Voted.—AX the election held
recently the proposition to issue $20,000 court house and jail
bonds was carried by a good majority.
Rosedale, Kan.—Bond Sale.— The State School Fund Com
missioners have purchased $6,500 refunding bonds of this city.
Saginaw, Mich.—Rond Offering— Proposals will be re
ceived until 2 p. m. August 9, 1898, by Arthur F. Lewis,
Comptroller, for $70,000 4$ street-improvement bonds. Se
curities are issued under authority of the city charter and
authorized by a resolution of the Common Counoil passed
July 5 and 11, 1898. Bonds are in denomination of $1,000,
dated August 1,1893. Interest will be payable semi-annually
at the office of the City Treasurer or at the current official
bank in New York City. Principal will mature one-tenth
annually on August 1 from 1899 to 1908, inclusive. A certi
fied check on some Saginaw bank or New York draft, pay
able to the City Treasurer, for 2% of the par value of bonds
bid for, must accompany proposals.
Salem, Ohio.—Bond Offering.— Proposals will be received
until August 9, 1898, for the following bonds :
90.000 6%East Main Street bonds, in denomination o f $1,450.
18.000 b% Lincoln Avenue bonds, in denomination o f $900.
760 B. Hight Street bonds, in denomination o f $76.
255 0jfE. Htxth Street bonds, in denomination o f $53.
025 0% Lincoln Avenue bonds, in denomination o f $125.
375 c% Lincoln Avenue bonds, in denomination o f $76.
Bonds are dated August 1,1898. Interest will be payable
annually, and the principal matures one bond of each series
yearly. Owing to the death of Mr. Frank W. Allison, City
Clerk, peoposals may be sent to Mr. A. W.- Taylor, City
Solicitor.
Salisbury (Mo.) School District.—Bonds Authorized.—At
a recent election this district authorized the issuance of
$5,000 bonds for the purpose of building additional school
rooms by a vote of about five to one.
Salt Lake City, Utah.—Bond Offering.—Proposals will be
received until 5 p. m. August 16, 1898, by G. H. Backman,
City Recorder, for $500,000 4% refunding bonds. Securities
bear date September 1, 1898, and are in denominations as
follows: Two hundred oonds of $500 each and 400 of
$1,000 each. Interest will be payable March 1 and Septem
ber 1 at Wells, Fargo & Co.’s Bank, New York City, or Salt
Lake City. Principal will mature September 1, 1918. A
certified check for 5£ of the amount bid, certified to by some
N E W
L O A N S .
N E W
$ 5 0 0 ,0 0 0
ESSEX
E. H. Rollins A Sona, Boston...105-2770
R. L. Day A Co., Boston...........105-009
John F. Burt ...........................104-791
Estabrook A Co., Boston..........1O4’09
Jose. Parker A Co., Boston....... 103"715
N. W. Harris A Co.,New York..l/>8-tf56
Adams A Co., Boston ..............IO3'05
Third National Bank.................103-677
For description of
L O A N S .
MOBILE,
Water-Works and Sewerage Bonds.
THE BOARD OF CHOSEN FREEHOLDERS OF
THE COUNTY OF ESSEX invites proposals for the
purchase of S3 OO,OOO Essex County Park Bonds*
n denominations o f $1,000 each, interest coupons at 4
per cent per annum, payable February 1st and Aug
ust 1st; principal and interest payable in gold. Said
bonds may be registered at option of bolder. Bonds
dated August 1st, 1898, payable August 1st, 1988, to
be delivered to purchaser on August 15th, 1898, and
purchaser to pay interest accrued from August 1st.
Sealed proposals will be received by the Finance
Committee of the Board of Chcaen Freeholders at a
meeting to be held by said committee at the Free
holders’ Room, In the Court House at Newark. N. J.,
on Wednesday, August 10th, 1898. at 2 o’clock P. M..
which meeting will remain open for the reception of
proposals until 2:30 P. M. Each proposal shall state
the amount of bid In words and in figures, and must
be accompanied by a certified check for $5,000, which
will be applicable on account of purchase money o f
bonds and forfeited by successful bidder who after
wards fails to take bonds.
The Finance Committee reserves the right to
reject any and all proposals If, in Its judgment, the
Interest of the County requires such action. By
order of
FINANCE COMMITTEE,
D. H. J ohnson , Chairman.
Mobile , Ala., Aug. 5th, 1898.
Sealed proposals for the purchase of $750,000
Water Works and Sewerage Bonds of the city of
Mobile, or any rortion of said issue, will be received
by the undesigned until twelve o’clock, noon, on
September 15th, 1898, at whi h time they will be
publicly opened and read.
These coupon bonds will be In the sum of one
thousand dollars each, to the amount of $700,000,
and one hundred dollars each to the amount of
$50,000, and will be dated November 1st, 18**8, pay
able November 1st, 1938, with interest at four and
one-half per cent, payable semi- annually on the first
days o f May and November in each year. Principal
and interest will be paid in lawful currency of the
United States of America at the Chase National
Bank, in New York City, and at the First National
Bank o f Mobile, Alabama.
The issuance o f these bonds is authorized by Sec
tion 21 o f the Charter of the City of Mobile (Acts of
Alabama. 1890-7, pages 5H-80) by a vote of the peo
ple o f Mobile at a special election held on August 2d.
J8U7, and by resolution of the General Council of the
City o f Mobile, approved May »7th, 18v8.
Ail bids must be accompanied by certified checks
for 2 per cent of the amounts bid lor.
The right is reserved to reject any and all bids.
JOHN CRAFT,
A. 3. LYONS,
Finance Committee of the General Council of the
City of Mobile. Alabama.
$175,000
Angeles Ti action
Oo.
1st .M ortgage fi% -JO-year G old B o n d s .
Total Issue $250,000.
First Mortgage at $14,000 per mile.
Net earnings for 28 months of operation, $09,9$Q 94equivalent to 12£ on the total Issue o f bonds.
Population o f Los Angeles 103,079.
Send for foil description of property.
M A SO N , LEWIS & C O .,
E. H. R O L L IN S & SONS,
S t a t e o f M a s s a c h u s e t t s ......................................33^8
E a s t c h e s t e r . N, Y ...................................................4 s
ban k ers
,
6 7 M ilk S treet, B oston,
OFFER FOR SALE:
til Ins to ii bu ry, C'ouu........................................4s
W . J . H a y e s & S o n s,
L a k e C ounty, In d .......................................... 5s
M oiiieuce, III .......
...................5s
And Other Desirable securities.
BAN KERS,
Street Railway Bonds, and other bl«h-grade !oBOSTON, MASS.,
7 Exchange Place.
Cable
C lev ela n d , O h io,
311 -3 1 3 So peri o r St,
"KENNETH.”
N E W
L O A N S .
BONDS.
Rudolph Kleybolte & Go,,
35 Nassau Street, New York.
Telephone, “ Cortlandt 4302.”
S tate o f M in n e s o ta ................................. 4s
II rad d o c k , P a ............................................ 4 1as
C o ra o p o IIs, P a .................................. - ......4hiS
N e w p o rt N e w s , V a ................................. 4 has
M a r lo n , I n d ............................................. 4 has
M e m p h is , T e n n ....................................... 6s
Sevier C o u n ty , T e n n .............................. 5s
S h e r id a n , I n d i a n a ........................ *......... 6s
B e x a r C o u n ty , T e x a s ............................5s
A k r o n , O h io ................................................ 5s
B r a d fo r d , P a ............................................. 4 s
T a m p a , F la . (G o ld )............................... 6 s
C a rro ll C o u n ty , K y ............................... 6s
P e n d le to n C o u n ty , K y ...................... i.5 s
G r e e n v ille , M is s ....................................... 6s
G a llia C o u n ty , O h io ............................... 5s
C le v e la n d , O h io , S c h o o l..................... 4 ^ s
S h elb y C o u n ty , T e n n ............................6s
D a lt o n , G e o r g ia ....................................... 5s
C in c in n a ti W a t e r - W o r k s ................. 3 has
Telegraph at our expense or write for fu ll
particulars.
Cincinnati, Ohio, Office, Third Street,
Corner Walnut.
17 1 L a S a lle S treet, C h icag o,
1ft M ilk S tre e t, B oston , M ass.
D E A LE R S IN M U N IC IP A L B O N D S
B. C. Stanwood A Co., Boston.. .103*57
Cushman, Fisher A Phelps....... 103-399
Mason, Lewis A Co., Boston. ..f.103*299
W. Holman Cary.......................102*92
Blake Bros. A Co., Boston... ,.,.102*91
Robert Livingston, Stedman.... 103*773
Blodget. Merritt A Co., Boston-.lO^oa
G. A. Fernald A Co., Boston..... 102*43
bonds see C h r o n i c l e July 30,1898, p. 244.
ALABAMA,
P A R K BONDS.
Los
I
Salt Lake City bank, must accompany proposals. Bonds are
issued pursuant with Section 208, Chapter 4, Revised Stat
utes of Utah of 1898.
Shasta County (Cal.), Latona School District.— Bond
Offering .—Proposals will be received until 12 m. August 8,
1898, by W. A. Smith, County Treasurer, for $1,500 1% bonds.
Securities are in denomination of $800, with interest payable
annually on August 15. Principal will mature one bond
yearly. A certified check or cash deposit for at least 10% of
the amount bid must accompany bids.
Sidney (Ohio) School District.—Bond Offering.— Propo
sals will be received until 12 m. September 1, 1898, by Yina
W . Gartley, Clerk, for $14,000 0% bonds. Securities are is
sued pursuant with sections 3991, 3992 and 3993 of the Re
vised Statutes of Ohio. They are in denomination of $500,
dated September 1,1898. Interest will be payable March 1
and September 1, and the principal will mature $2,000 Sep
tember 1, 1899, and $1,000 each six months thereafter from
March 1, 1900, to September 1, 1905. A deposit of $200 will
be required of each bidder.
Sprlngville, N. Y.—Bond Offering. —Proposals will be re
ceived until 8 p . m ., August 16, 1898, by Ira W . Smith, Vil
lage Clerk, for $f ,850 4% Electric Power Bonds. Securities
will be in denomination of $194, dated September 1, 1898 ;
interest will be payable January 1 and July l, at the
National Bvnkof North America, New York City. Princi
pal will mature $194 yearly from July 1, 1903, to July 1,1927,
inclusive. Each bid must be accompanied by a certified
check for 2%, payable to F. O. Smith, Village Treasurer.
These bonds are issued pursuant to Chapter 414 of the Laws
of 1897, and per resolutions adopted by the Board of Trustees
July 5, 1898, and by special election held July 18, 1897.
Swampscott, Mass.—Bond Sate.— On August 3, 1898, the
$10'\000 3J£< 30-year gold water bonds were awarded to E.
H. Rollins <£ Sons, Boston, at 105'2776. Following are the
bids :
$ 7 5 0 ,0 0 0
C O U N T Y
287
S t o w e , V t . . . ; •• ........................................................ 4 s
K e n o C o u n t y . K au nas.................................. 4 ^ s
W illia m E . N ic h o ls ,
15 W A L L STRE E T,
-
N E W Y ORK.
M U N IC IP A L W A R R A N T S .
8END FOR LISTS*
UNITED
STATES
3% Bonds
BOUGHT
AND
SOLC
R. L. D AY & CO.,
4 0 W a te r S treet, B oston .
1 B road S treet. N ew Y o r k .
THE
288
C H R O N IC L E .
T a y l o r T i l l e (1 1 1 .) S c h o o l D i s t r i c t . — Bond Sale.— O a J u ly
25, l"S98, th e $6,000 5*- fs-ia .y e a r (se r ia l) s c h o o l b o n d s w e r e
a w a r d e d to T r o w b r i d g e , M c D o n a ld & N i v e r C o ., C h ic a g o , a t
107*85. F o l l o w i n g a r e th e b id s:
Trowbridge, MacDonald & Nlver
I F arson. Loach & Co , Chicago... .$0,335
Co., Chtcn*it>.. ...........................$0.4*1 T. B. Potter, Chicago ................. 0,28l
S. II. Smith, Homer, S L Y ...,...... i\S35 \
T i f f i n , O h i o .— Bond Offering. — P r o p o s a ls w i l l b e r e c e iv e d
u n t il 12 m , A u g u s t 20, 1898, b y J . B . E h r e n fr ie d , C it y C le r k ,
f o r $25,000 fi> r e f u n d in g b o n d s . S e c u r it ie s a r e is s u e d p u r s u
a n t w it h S e c t io n 2701 R e v is e d S t a tu te s o f O h io , T h e y a r e in
d e n o m in a t io n o f $1,000, d a t e d S e p t e m b e r 1, 1898. 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 th e o ffic e o f th e C it y T r e a s
u r e r , a n d th e p r in c ip a l w ill m a t u r e S e p te m b e r 1, 1908. A
c e r t ifie d c h e c k f o r $1,250 p a y a b le t o th e C it y C le r k m u s t a c
c o m p a n y p r o p o s a ls .
T o l e d o . O h i o .— Bond Sole.—T h e T r u s te e s o f th e S in k in g
F u n d h a v e ta k e n th e $20,000 4;; 1 0 -y ear U n iv e r s it y b o n d s r e
c e n t l y a u t h o r iz e d .
T r e n t o n , N . J.— Bond Offering.— P r o p o s a ls w e r e a s k e d u n
t il 11 a . s l , y e s t e r d a y ( A u g u s t ■>. 1899), b y W . J . B . S to k e s,
C ity T r e a s u r e r , f o r $72,000 4s' r e f u n d i n g b o n d s . S e c u r it ie s
w i l l b e c o u p o n b o n d s in d e n o m in a t io n o f $ 100, o r m u lt ip le s
t h e r e o f , d a te d S e p te m b e r 5, 18 9 8; in t e r e s t w i l l b e p a y a b le a t
o ffic e o f C it y T r e a s u r e r M a r c h 5 a n d S e p te m b e r 5. P r in c ip a l
w ill m a t u r e S e p te m b e r 5, 1908. B o n d s a re is s u e d u n d e r a u
t h o r it y o f A c t o f L e g is l a t u r e a p p r o v e d M a r c h 8, 1882, a n d
s u p p le m e n t o f M a r c h 23, 1888. A t t h e t im e o f g o i n g t o p r e ss
th e r e s u lt o f th is s a le w a s n o t k n o w n .
U t a h .— Bond Sale .— T h is S ta te r e c e n t ly s o ld t o T h o m a s
K e a r n s Of P a r k C it y , U t a h , §150,000
r e fu n d in g bon d s.
T h e s a le o f th e s e b o n d s w a s n o t a d v e r t is e d , a n d b u t o n e o t h e r
b id w a s r e c e iv e d , th a t o f a N e w Y o r k s y n d ic a t e . B o t h b id s
w e r e a t th e s a m e r a t e o f in te r e s t , b u t t h a t o f t h e s y n d ic a t e
w a s f o r b o n d s p a y a b le in g o l d , w h i l e M r . K e a r n s n o t o n ly
b id f o r b o n d s p a y a b le in c u r r e n c y , b u t o ffe r e d t o p a y t h e e x
p e n s e o f p r in t in g th e b o n d s , a m o u n t in g t o a b o u t $290. S e c u r
it ie s w i l l b e d a t e d S e p t e m b e r 1, 1898.
Y a n A l s t y n e , T e x a s .— Bond Sale.— T h e t o w n h a s a w a r d e d
t o t h e N o e l - Y o u n g B o n d & S t o c k C o ., S t. L o u i s , $9,500 6g
w a t e r - w o r k s b o n d s a t 104. S e c u r it ie s a r e d a t e d J u l y 20. 1898,
a n d m a t u r e o n e b o n d e v e r y s e c o n d y e a r f r o m 1900 t o 1938, in
c lu s iv e .
(VOL, LXYI1,
W a r d , C o l .— Bond Offering.— P r o p o s a ls w i l l be. r e c e iv e d
u n t il 13 m . A u g u s t 11, 1898, b y H . T . H a in e s , T o w n C le r k ,
f o r 812.000 (>;{ 10-15 y e a r (o p t io n a l) w a t e r - w o r k s b o n d s . A
c e r t ifie d c h e c k f o r $250, p a y a b le t o t h e T o w n T r e a s u r e r , m u s t
a c c o m p a n y p r o p o s a ls.
W a s h b u r n ( M o . ) S c h o o l D i s t r i c t . — Bond Sale.—The N o e lY o u n g B o n d & S t o c k C o .. S t. L o u is , r e c e n t ly p u r c h a s e d
$3,800 5i fu n d in g b o n d s a t 101. S e c u r it ie s a r e d a t e d A u g u s t
I, 1898, a n d m a t u r e A u g u s t 1, 1918, s u b j e c t t o c a ll a f t e r A u
g u s t 1, 1903. 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 in St.
L o u is .
W a s h in g t o n C o u n t y , P a .— Bond Sale.— O n A u g u s t 3 ,1 8 9 8 ,
th e $500,000 4 : 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 t o th e
D o lla r S a v in g s B a n k o f P it t s b u r g a t 109*74.
F o llo w in g are
th e b id s :
Dollar Savings Bank, Pittsburg.i.O0*7i I Lmnprecht Bros.Co.,Cleveland.108*60
Blair «fc Co., Now York............. 108*43
Denison, Prior & O l, Cleveland.106*171
Dialc Bros., Philadelphia...........lOtvO- I Mason, Lewis & Co.-Cliicasro— 105*60L
E. C. Jones Co.. Philadelphia. . 107*17 I Itudolph Kleybilte & Co.. Cm,.. 101*48
J. & W . Soliguiau, New Y o r k ....107*40
Townsend,Wlieleu & Co„Phiia. .104*166
Mercantile Trust Co.. . . ........... 107 2^5 I Walter Stanton & Co., New York
Parson. Leach A Co., N ew Y'orfc.107'00 I (3!^< bond)....... . ............
101*00
W . J. H ayes & Sons, C leveland 106*0(5
B o n d s m a tu r e p a r t y e a r ly f r o m 1901 t o 1920, in c lu s iv e . F o r
f u ll d e s c r ip tio n o f b o n d s see C h r o n i c l e o f J u l y 2 3 ,1 9 9 8 , p. 193.
W e b b ( T o w n ) , N . Y . -B on d Sale.—O n A u g u s t 1, 1898, $ 1 6 ,000 0:4 h ig h w a y b o n d s w e r e a w a r d e d t o B e r t r o n & S t o r r s ,
N e w Y o r k , a t 116*012. S e c u r it ie s a re c o u p o n b o n d s o f $1,000
each .
In te r e s t w i l l b e p a y a b le a n n u a lly a t th e H e r k im e r
B a n k , a n d th e p r in c ip a l w i l l m a t u r e y e a r ly o n M a y 1 as f o l
lo w s : $1,000 in 1904, $2,000 f r o m 1905 t o 1911, in c lu s iv e , a n d
$1,000 in 1912.
W i l l i e s b n r r e ( P a . ) S c h o o l D i s t r i c t — B o n d Sale.— O n A u g
u s t 2, 1898, $35,000 5# b o n d s w e r e a w a r d e d t o R u d o lp h K le y b o lte & C o ., C in c in n a ti, a t 112*829.
W y o m i n g C o u n t y , P a .— Bond Sale.— O n J u l y 30, 1898, t h e
$40,000 i% c o u p o n ' b o n d s w e r e a w a r d e d t o lo c a l in v e s t o r s .
B o n d s m a t u r e $2,000 y e a r ly o n J u l y 1 f r o m 1899 t o 1918, i n
c lu s iv e . F o r f u r t h e r d e s c r ip t io n o f b o n d s see C hronicle
J u ly 23, 1898, p. 194.
Y o r k ( T o w n s h i p ) , B e l m o n t C o u n t y , O h i o .— Bond Offer
ing .— T h is t o w n s h ip w i l l s e ll a t p u b lic a u c t io n $15,000 li%
1-15-year b o n d s . S e c u r it ie s w ill b e in d e n o m in a t io n o f $500.
T h e T o w n s h ip C le r k is G-. B o n a r , P o w h a t a n P o in t , O h io .
____ INVESTM E N T S __
INVESTMENTS.
INVESTMENTS.
PUBLIC SEOURiriES
EDWARD C. JONESCO.
W. Hampton Wade,
D E A L E R S IN*
SUITABLE FOR
Mu nicipal, Railroad,
S tre et Railway and Gas
S A VIN G S B A N K A N D T R U S T
FUNDS.
L IS T S M A IL E D
Farson,
ON A P P L IC A T IO N
Leach & Co.
C H IC A G O .
1 0 0 D e a rb o rn S t,
NEW YO RK
3 5 N a s s a u S t.
G E O R G IA .
Nine years oractloe in Alabama.
Syracuse, N. Y., Rapid Transit E’ tntr 3s.
NEW YORK.
1 NASSAU STREET.
PHILADELPHIA - -121 CHESTNUT ST.
G o v e r n m e n t
B o n d s
B O U G H T AND SOLD.
D E A L E R S IN
Six years In G eorgia..
C o r p o r a t io n
Law
a S p e c ia lly .
and
A P P R A IS E M E N T S M A D E O R Q U O T A T IO N S
F U R N IS H E D F O R T H E P U R C H A S E , S A L E . OB
H ACHANGifl O P A B O V E S E C U R IT IE S .
BANKERS
S IV A N M ff,
BONDS.
M u n i c i p a l
ADAMS & COMPANY,
A T T O RNE Y -A T - LA W .
W h a n n & Schlesinger,
M UNICIPAL
BONDS,
L I S T S ON A P P L IC A T IO N .
I S & CO.,
I N V E S T M E N T BONDS. NL W . HR AANRK R
ERS,
M em bers o f BoBton S tock E x ch a n g e .
71 B R O A D W A Y , N EW CORK.
31 N ASSA II S T . (R a n k ot Cninineroe B1 rig.)
No. 7 Congress and 81 State Streets,
M.
BOSTON
A.
Devitt & C o .,
H IG H -G R A D E
F ir s t N a tio n a l B a n k
C o u n t y — Ci ty— School
BONDS
AND
-
C in c in n a t i, O h io .
__________ C H I C A G O .__________
&
M U N IC IP A L
1st Nat. B ank B ld g.,
BONDS,
-
-
CHICAGO
PHILIPS,
to (i%
BANKERS,
ALWAYS ON HAND.
Send for our Investment Circular.
DUKE M. FA R S O N ,
8
anker.
16 C o n g r e s s Stre et, Boston.
18*2 D e a r b o r n S t r e e t
C H IC A G O .
N iVER C O .
C ALVIN
807-8-0 C A L IF O R N IA B U IL D INO,
TA CO M A .
W A S H IN G T O N .
B O N D S . Blodget, M erritt & C o . ,
Securities N etting from
rtnnlolna! B onds.
T r o w b r id g e ,
k
M a c D on ald
W a s h in g to n W a r r a n t s . B o n d s a n d S e o u l 1
lie s o f a ll k in d s R o u a b t a n d s o ld .
B u ild in g .
MUNICIPAL
8 0 1 .1 ).
B R IGG S, S M ITH & C O .
3 5 K ant T h ir d S tr u c t,
IN VESTM EN TS
N E T T IN G 5 T O S P E R C E N T .
MUNICIPAL BONDS.
BOUGHT
GOOD
M U N IC IP AL BONDS.
S T A N W O O D 8b C o.
E. C
R A N K K H .S,
121 D evonshire S treet.
BOSTON .
STA TE , C IT Y & R A IL R O A D
BONDS
W o w a n t th e fo llo w in g ; T e x n < B o n d s
F o n W o r t h . H o u s to n . B a tin s . O a lv e s t o a
f ’ iiv a n d W h a r f B o n d s ; a l s o o ld is s u e s os
t h e s m a l l e r m u itt le ip n itie t f o t t h © a o » v e S t a t e »
S O U T H E R N & W E S T E R N S E C U R IT IE S A.
S P E C IA L T Y
ROSEN BERGER & LIVERM O RE,
FORTY
WALL
S T .,
-
NEW Y O R K ,
@FedFRASER