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Q u o ta tio n
S u p p le m
jM e s t o n s - S u p p le m
e n t (
m o iu m * )
S t r e e t R a ilw a y S u p p le m e n t
e n t (Q u a rte t
S ta te
a n d
C ity
(o u a ito $
S u p p l e m e n t ^ m iA n ^ g
f B n t e r e a a c c o r d in g t o A c t o f C o n g re ss, in tn e y e a r 1898, b y the W i l l i a m B . D a k a C o m p a n y , in th e o fflo e o f th e L i b r a r i a n o f O on g re e r.
V O L , 67.
S A T U R D A Y ,
3
D E C E M B E R
Clearings at—
W EEK LY.
Terms o f Subscription— Payable in Advance :
F o r O n e Y e a r ..................................................................................$10 00
F o r S ix M o n t h s ...............................................................................
6 00
E u r o p e a n S u b sc rip tio n (in c lu d in g p o s t a g e )............................ 12 Oo
E u ro p e a n S u b sc rip tio n S ix M o n th s (in c lu d in g p o s t a g e )___
7 00
A n n u a l S u b sc rip tio n in L o n d o n (in c lu d in g p o s t a g e )............
10s.
S ix M o s.
do.
do.
do.
____ £ 1 10s.
A b o v e su b sc rip tio n in c lu d e s—
T h e Q u o t a t io n Su p p l e m e n t
I St r e e t R a i l w a y S u p p l e m e n t
T he I nvestors’ Su pplem en t
JSt a t e a n d C i t y S u p p l e m e n t
A ll o f w h ich a re fu rn is h e d w ith o u t e x t r a c h a rg e to e v e ry s u b s c rib e r
o f the C o m m e r c i a l a n d F i n a n c i a l C h r o n i c l e .
F ile c o v e rs h o ld in g s ix m o n th s’ issu es or sp ec ia l file c o v e rs fo r S u p
p le m en ts a re sold a t 50 c en ts e a c h ; p o sta g e on the s a m e is 13 cents.
£2
Terras o f A d vertisin g—(P e r Inch Space.)
T r a n s ie n t m a t t e r ................. $3 50 I T h re e M onth s (13 t im e s )..$25 00
STANDING BUSINESS CARDS.
S ix M o n th s
(26
** ) . . 43 00
T w o M o n th s
(8 t im e s ).. 18 00 | T w e lv e M o n t h s (52
“
) . . 53 00
London A g e n ts :
M essrs. E d w a r d s
S m i t h , 1 D r a p e r s ’ G a rd e n s , E . C ., w ill tak e s u b sorip tion s a n d a d v e rtise m e n ts, a u d s u p p ly sin gle copies o f the p a p e r
a t Is . each.
W IL L IA M
B. D AN A
C O M P A N Y , P o h lU lic r a ,
P in e S tree t, C o r n e r o f P e a r l S tre e t,
958.
P o st O f f ic e B o x
N E W
Y O R K .
CLEARING HOUSE RETURNS.
T h e fo llo w in g t a b le , m a d e u p
th a t th e
to ta l b a n k
b y t e le g r a p h , e tc ., in d ic a t e s
houses of
December 17,
#1,556,310,838 l a s t week and
week o f l a s t y e a r .
o le a r in g s o f a ll
th e
c le a r in g
th e U n it e d S ta te s fo r th e w e e k e n d in g t o -d a y ,
$1,751,013,908, a g a i n s t
I I ,409,800,743 t h e c o r r e s p o n d i n g
h av e been
CLEARI .VG9.
by Telegraph.
Week Ending December 17.
Returns
1898.
1897.
Per Cent.
$920,923,988
113,588,893
70,504,287
21,340,980
102.454.540
•29,500.000
10,079,493
$712,803,299
92.992.407
63.094,494
15,053,824
80.349.081
24.413.407
11,792,008
-15*4
Seven cities, 5 days.........
11,280,958,161
178,970,984
$1,000,503 580
100,441,070
-J-27-3
4*10*3
Total all cities, 5 d a y s ....
*1,457,935,145
293,078,701
$1,107,004,050
242,796,087
4-24 9
4-20*7
Total all oitlea for w e e k ..
$1,751,013,900
$1,409,800,743
4-24 2
N e w Orleans.........................
+21-3
• Partly estimated.
T h e f u l l d e t a ils o f o le a r in g s fo r
a b o v e s ta te m e n t w ill be g iv e n
o f oo u rse , fu r n is h
up
th em
th e
w eek
co v e re d
n e x t S atu rd ay .
t o -d a y , b a n k
h e n o e in
th e ab o v e
W e
o le a r in g s
b y th e v a rio u s o le a r in g h o u se s a t n o o n o n
b y th e
can n ot,
b e in g
m ade
S atu rd a y , an d
th e la s t t w e n t y -fo u r h o u rs o f t h e w e e k
h a ve t o b e in a l l o a se s e s t im a t e d , a s w e g o t o p re s s F r i d a y n ig h t .
W e
p re s e n t b e lo w o u r u s u a l d e t a ile d
fig u re s
v io u s w e e k , c o v e r i n g t h e r e t u r n s f o r t h e p e r io d
S a t u r d a y n o o n , D e c e m b e r 10, a n d
p o n d in g
w eek
in
1897, 1896
and
c o m p a r is o n w i t h th e p r e c e d in g
the
w eek
fo r th e p re
e n d in g w ith
r e s u lts fo r th e c o rre s -
1895
a re
th ere
N O .
1747.
*V*ak iihI w o December 10
?lic G T liv c w ic le .
P U B L IS H E D
17, 1898
a ls o
g iv e n .
In
is a d e c r e a s e i n
t h e a g g r e g a t e e x c h a n g e s o f s i x t y -t w o m illio n d o lla r s , a n d a t
N e w i o r k a l o n e t h e lo s s is f o r t y - s i x a n d a q u a r t e r m i l l i o n s .
C o n t r a s t e d w i t h t h e w e e k o f 1897 t h e D o tal f o r t h e w h o l e
o o u n t r y s h o w s a n i n c r e a s e o f 18-2 p e r c e n t .
C o m p a re d w ith
t h e w e e k o f 1898 t h e c u r r e n t r e t u r n s r e c o r d a g a i n o f 53-7
p e r c e n t , a n d t h e e x c e s s o v e r 1895 is 40’4 p e r e s n t .
O u ts id e
o f N e w Y o r k t h e i n c r e a s e o v e r 1897 is 12-8 p e r c e n t .
The
e x c e s s o v e r 1898 r e a c h e s 29-0 p e r c e n t , a n d m a k i n g c o m
p a r i s o n w i t h 1895 t h e g a i n is s e e n t o b e 18’5 p e r c e n t .
New York. ...........
Philadelphia..........
Pittsburg...............
Baltimore..............
Buffalo .................
Washington..........
Rochester..............
Syracuse ..............
Scranton...............
Wilmington. ........
Binghamton...........
Total Middle......
Boston..................
Providence............
Hartford...............
New Haven...........
Springfield.............
Worcester..............
Portland...............
Fall River.............
Lowell...................
New Bedford........
Total New Eng...
Chicago................
Cincinnati.............
Detroit.................
Cleveland.............
Milwaukee...........
Columbus.............
Indianapolis........
Peoria ...............
T oled o.................
Grund Rapids.......
Dayton..............
'.exington...........
Kalamazoo....... .
Akron...................
Bay City .............
Rockford..............
Sprtngtield, O h io ..
Canton.................
Youngstown........
Springdeld, 111......
Evansville*..........
Tot. Mid. W est’n.
San Francisco.......
Salt Lake City.......
Portland ..............
Los Angeles..........
H elen a..................
T acom a.................
Seattle .................
Spokane.................
Fargo.....................
Sioux Falls...........
Total Pacific.......
Kansas City...........
Minneapolis...........
O m aha..................
St. P au l.................
Denver..................
Davenport.............
St. Joseph..............
Des Moines...........
Sioux City..............
Lincoln............
Wichita..................
Topeka..................
Frem ont..........
Hastings...............
Tot. other West..
St. Lo uis...............
New Orleans..........
Louisville..............
Galveston..............
Houston...............
Savannah.............
Richmond..............
Memphis...............
Atlanta..................
Nashville...............
Norfolk..................
Fort W o rth ..*.......
Augusta.................
Birmingham..........
K noxville..............
Little Rock...........
Jacksonville..........
Chattanooga..........
Macon....................
Total Southern...
Total all..............
Outside N. York.
Montreal....
Toronto......
H a li f a x .....
Winnipeg....
Hamilton....
St. John. ...
Victoria*__
Vancouver*
T otal Canada..
* Not Included In
1898.
897.
*
954,918 136 783.0* 1 g , .
84,378,505
67.0a2 .4 6 :
18,322.537
14,891 ,o2t
22.P79.y89
17,227,781
5.080,087
5.173,955
3,1)00,951]
2.290,151
1.942,581
1,023.701
1,024,781
1.053,5*
920,061.
920,032
BesMsa
090,077
3il,7<v>
357.000
1,093.021,372 893,707,080
120,410,989 103,025.833
5,gO0.t>ul
6 .001.201
2,33 L705
2,331.58c
1.77a,371
1.445,27*
1 525,57S
1.5 $9,211
1,437,841
1,092,401
1.319.107
909.922
924.00b
700,800
020,5lt
£>02.237
479,7-H
130,724.807 120,509,28j
120.214 870 107 880.749
14 391,300
13 371,900
0.881.087
0,911,200
0,947,502
8 S07.387
5,499.380
8,118.251
4,483.3 >0
4.081.300
2.816.170
2.291.821
1,.92.211
2.017.3*3
1.997 958
1,772.510
1,151,204
948,280
1,000,922
015.643
373 955
538,067
317.973
34S.2&0
389 000
274 900
239.070
271,821
2i0,0o9
250,137
474,0-0
258 150
216.098
170.704
357,857
223.797
117,500
320,955
807,940
171,390,307 150,2 8,000
10,008,739
15,037,300
2.614.130
1,049,023
2,182 679
2.549,470
1,0909 90
1,4*3 914
550,00u
032,905
842,201
807 821
1.379 324
1.435,373
894 302
1.242,570
578,400
372.833
128,240
131,308
35.330,375
20,234.579
12,120,728
11,328,192
11,037,095
12,008,070
5,298 049
7.140,954
0,491,00*
5 524,310
2,o41,007
2.441,605
552.058
d&9,O0O
2 100.000
1,428,028
1.375.0UU
1,200,009
945,392
794.031
478,932
470.212
4o3.*39
418,248
043 03$
000,441
115,193
82,305
123,890
105.722
40,819.140
42,1402,230
29.912.949
34,311,235
12.517,990
12.340 808
0.855.102
7,347 049
4,728.200
4-,l62,0OO
4,711.160
3,975,54(5
3,319 023
3 014 90
2.959 109
2,703,95/
3,380,524
3,217.002
1,099,017
1,893,811
1,320,432
1,340,771
1 348.15$
1,042,001
895,228
1,100,608
1,107,040
823.5*5
485 005
622,352
435,804
021 452
476,000
513,700
235 059
241.393
289 071
342.733
079,000
575,000
81,520.653
70.8OP.83?
1,317,078,362
1,550 310.838
P
1898.
<m 1
1898
t
■+21*8 570,340,31
-f 24 7
50.023,48c
123*0
13 028 09c
-+33*41 14.745,776
—18,
4.332.417
+3A 1
1,927.621
+19*4
1.443 412
—2 "'
947.393
—0 *
S' 0,041
8-3 {
029.64f
4-4 7
288,300
+ 22*1 671.713.008
+14 0
98.17B.768
—8 *C
6,242.200
—2 1
2 ,133,41c
+22 *
1.481,902
+20'3
1.307,77*
-0-7*6
1.284,48c
+28 3
1,338,791
-t-b C
1,108.50*
-2 1 4
192,100
+ * 7
501,204
+13 4 111.170,207
+ 11*4
90,305,911
-7 1
12,560,4b0
1-0 4
0.268,131
-027*0
6,721.920
-1 0 l
4.028 224
+ 11*2
4.204.6,0
+ 22 y
2,115.818
+14-0
1.895.8)3
+ 12 7
1.530.741
+ 2L ■$
702 5/0
+23 4
589.905
+-43**
249,270
+9 7
253.181
+41 5
200.80U
1-13 7
190,000
+3 8
11*1,290
+ 47-8
164,580
+22 1
180,582
+ 59*9
+-a0*i
1896.
001,050,370
13,793,901
5,083.4 80
2 205.913
1 707.400
1,183,257
837,635
381,600
711,395,218
6.675 800
2.4*8.050
1,507 159
1.430.018
1 330.894
5?4;603
110.182,390
12 810 300
0,187,925
3 013 600
1 602,773
962 501
258 4 ll
191,000
+ 9 7 131 925,783 142,994 470
—0 4
13,279 398
15,234,128
+51 2
2 076.319
1.100,520
—14 4
1.450.4C 9
1 202.029
+10 3
1.425 554
1.029,573
1-15 0
094.099
533.809
—3 0
461 270
539,306
-3 9
459,0'5
5(0,000
033
470
482,450
t 3??
-j-55 1
140,799
101,722
+4-7
48 103
100 213
+-3 0
20,071,112
21,894,855
+7 0
10,822 373
11,291,819
—3 0
10 2**1,928
10,533,984
+34 8
3.890 294
4.721,080
+ 17 5
4,752 322
0,000.058
+ n
2,099,028
8 788.868
+24 o
5 8 528
1,567 908
+ 47*1
1.293,9 8
1 6?2,000
+14*c
1.143,537
1,037,988
+ 19*1
600, ly9
739,692
+0*0
459,4 iy
502,140
317.954
+2*
502,405
-0 7
503,081
4(9,475
+40 0
05 102
09 313
+10 0
76,911
80,119
+1U-6
37,623.324
41,777,750
+14*8
20 584.191
26 816 67*
12,059 410
+± t
13,828.47-1
-0 7
0,826,307
6,818 650
+13 9
4,186,050
8,6 03,677
+■18 5
3,022,171
8,775,67*
—8*2
3 175,650
3 410,*, 51
+9*5
2.374 707
2.K28.897
—5*0
2,930 455
2 624 143
1,704, LU9
1,309,020
-K > ?
— 1*1
1,182.091
1,089.857
+29 3
1.0 0.121
1 203,38*
—18 0
993,901
091 973
—2w*6
1,072.480
890,270
+78
472,011
431,030
+42 0
412 979
410,637
—7 6
422,618
411,835
2r>7.029
320,197
f 'G
+18 3
251.142
—34*0
+61
09,698 115
7L071,821
+ 182 1,012.001 b47 1.108,351 650
533.150,709
+12 8
400,201,230
507,301 174
12,901,654
10 514/12
8.713.197
10,841,514
1,278 490
1,450 000
2,489,308
2 934.070
787,628
871,998
070,809
844.202
810. 941
844,290
83.450 622 “ 26.840.940
+28*0
+ 24 4
+ 47*9
+11-8
+25*8
12.328 050
8.022 960
1,174 920
1,9 46,008
099,924
052,592
13,231,920
7,073,053
l 149,106
1 750,084
835,8e8
+24*7
24.804 050
24.047 230
001,392,702
s.
4-135
1282
1H E
C H R O N IC L E .
THE F IN A N C IA L 8I1U A TW N .
<>ar financial and commercial interests, which us
all know hare been most wonderfully favored the
pant two years anil more, have just now taken a
further auspicious turn. Thus it happens that the
circle of prosperity is constantly widening and one
after another of the industries so long impaired are
being lifted out of their difficulties. What a contrast
m affairs this feature marks between the situation to
day and as it stood when the new era opened. Before
i»9f. enterprise had been growing less free for years
because the standard of values was threatened, the
danger becoming each month more imminent. There
had been in that year a good wheat crop and a phe
nomenal corn crop, with high prices realized for the
former. But these conditions failed to work any ma
terial edange. It was only under the influence of the
public verdict in the Presidential election of that
year against silver and in favor of a gold currency
standard that the door was opened to the new cycle
of prosperity.
-duce that occurren'e in November 1896 it seems
as if every event in any way affecting financial or in
dustrial interests had conspired to fortify and
strengthen the hope which the outcome of the elec
tions in that month gave birth to. Abundant crops,
and good markets for them, resulting in an increas
ing favorable foreign trade balance and accumulating
stocks of gold in the Treasury and in btnk. have been
continuing conditions; concurrent also with this de
velopment business expansion has been going on, at
first slowly, but as the months passed with accelerat
ing speed. Finally, to crown the whole, came the
clertion of last month, when a majority of the mem
b^rsbip in the Senate as well as in the House was
secured for sound money.
This was rightly con
strued by the public as an assurance that at last we
are to have a currency system in touch with com
me roe. and that our industries are never again to be
put in thraldom to the fear which has so long been a
standing menace to all progress With such an essen
tial reform as a speedy prospect, it can be no surprise
that a now stimulus was imparted to industrial activity.
The "auspicious turn" in business affairs, referred
to above as of recent occurrence, covers the ex
tension of trade revival to certain large industries
that we have on numerous occasions noticed as not
•haring in the general expansion. Chief among
tb* -a is the market for cotton goods and the market
or cotton. Since the latter part of November the
demand for both the manufactured article and the
raw material have met with a decided improvement in
the requirements for actual consumption. Woolen
goods likewise— another industry hitherto lagging
behind the development elsewhere— has during the
same tirni- been u-iuming a somewhat better shape.
A- to raw cotton, the adverse situation has had a
donb e origin. The Southern States have been in
re< <nt year* largely increasing the production,
while our own manufacturing industry was pass
ing through toi -■ period of severe depression
F.nropean spindle- during the same interval enlarged
their nse of the staple, having increased their takings
within the last two years nearly three-quarters of a
million bait**. Hence, had American manufacturers
also shown the old time progress in consumption, the
snrplm product would have been in good part used
up and value- of the staple would not have dropped
[V on L . ' ' II.
to so low' a figure. As it happened, the recent im
provement moted above in the demand for goods in
the United States has been attended by lower esti
mates of the current cotton crop, and as a result both
of these industries are now in much better form ; the
stocks of cotton goods which have been such an un
favorable feature are fast passing into the hands of
consumers, whilo cotton has been making a material
advance in price.
Another leading industry which has now experi
enced a radical change and become a party in the
business revival is the anthracite coal trade. I t was
only a very few wreeks ago that this department of
business and also the coal carriers were assumed to be
in a deplorable condition. Stocks of that class of
companies were consequently looked upon as the
safest possible target for the parties to use who were
disposed to bear the stock market. Under such a man
ipulation prices of these stocks gave way materially
and the general opinion was that they would go much
lower. A little cold weather has suddenly changed
this
outlook ;
it
started
the
demand
for
coal, which had been for a time comparatively
dormant awaiting the anticipated lower prices for
that commodity. An important development likewise
bearing upon the condition of these properties is that
the analysis we have recently made of the reports of
some of them show that the results for the twelve
months ending with July 1 were far more favorable
than they had been represented. Altogether, there
fore, it may be said that the coal trade, and the rail
roads chiefly engaged in representing it, are now " i n
the swim," having passed from a condition of general
despondency to one which affords fair promise of re
munerative employment.
We have spoken above of the advantageous state of
our foreign trade as having been the most important
contributing factor to the prosperity we are now en
joying. This week the Bureau of Statistics has issued
another monthly statement (the one for November),
and like nearly everything else of an industrial char
acter which belongs to the history of this wonderfu
year it surpasses all other similar exhibits ever is
sued.
The exports reach a total value of $129,784,000. As we said in our issue of November 19
the largest previous total for any month in our trade
record was in December 1897, when it was
$125,053,961 ; this November total i3 consequently
4$ millions in excess of that record, which
was at
that date the largest.
What makes
this result more noteworthy is the fact that the
values of breadstuffs and cotton are both lower than
they were in 1897. As our imports in the same
period were small, slightly less even than a year ago,
the net favorable balance has likewise reached unequaled proportions, it being $77,074,000. This final
result is chiefly a matter for exultation, because our
currency is still the identical currency that so very re
cently caused us so much anxiety and depressed all
our industries. The evil influence exists: its power
to work harm is just as great as ever'; for the time
being though it is chained, these favorable balances
being the links that hold it, and thus afford our people
the opportunity to correct the evil before trade con
ditions arc reversed and the old devil is let loose again.
The new impulse to industrial advancement referred
to above is also strikingly exemplified in the present
state of the iron and allied trades. There the indica
tions of activity are. more pronounced than they have
JDecem beb 17, 1898.]
TH E
C H R O N IC JLfc.
1.33
Two important developments in the affairs of the
been for a long time past. Th e volume of business
has been large for many months, but now the trade Northern Pacific have occurred this week. A dividend
papers are beginning to talk of the markets getting of 1 per cent has been declared on the common stock
“ excited” and of things beginning to “ boil.” The — the first on that stock since the reorganization of the
demand is becoming so large that in certain lines property. The fact is not a surprising or an unex
manufacturers are obliged, for the present, according pected one. I t is the natural outgrowth and fruitage
to the reports, to refuse orders. Such a situation natur of the prosperity which the company has been enjoying.
ally leads to improving prices, and this week there A dividend had been looked for and was inevi
have been advances in several directions. Steel billets, table— the only question was as to the time when a
for instance, have been advanced fifty cents a ton at payment should be made, and its amount. The
Pittsburg, to $16 00. Wire rods, which recently sold at company’s report for the fiscal year ending
$20 00, are now $21 50. In the raw material there June 30 1898 showed that after allowing in
have been advances of 10 to 25 cents a ton. The key full for the 4 per cent dividends on the pre
to this improving situation is easily found. During ferred shares, and after spending $811,709 for
the period of depression our manufacturers learned additions and improvements, there remained a sur
severe lessons of economy, so that they have been plus of nearly three million dollars— $2,897,874. For
turning out their products at a lower cost than the cm rent fiscal year there has been further growth in
ever before known.
This has opened to them tarnings, both gross and net, the increase in the gross
the markets of the world,
and
our exports for the four months to October 31 being $986,856,
of iron and steel in their various forms are and in the net $871,072. I t takes $800,000 to pay
on an unprecedented scale, and must continue to one per cent on the common shares.
The other incident of the week in the company’s
grow so long as the same conditions last. T o this
must now be added a steadily-widening domestic de affairs has been the publication of a statement by
mand.
The railroads — consumers of great mag President Mellen defining the company’s relations
nitude— have been giving orders for rails on with neighboring and competing roads. This has
an extensive scale, not only for the renewal of ex been perhaps the most assuring document that has
isting tracks but for the building of new exten come for a long time from the office of a railroad
sions, the prospect being, as we recently pointed company, for it places these relations in a totally
out, for considerable addition to the railroad mileage different light from what the investing public
of the country the coming twelve months. The in had been led to suppose they were.
News
creasing business of the roads is also inducing them paper accounts have been such as to foster the
to give orders for large amounts of new equipment— idea that great friction prevailed, that indeed
locomotives, ears, &c.— and to undertake extensive the different roads were on the verge of open
rebuilding of bridges and other work in which iron hostilities. Mr. Mellen disposes of these stories in
and steel enter in larger or smaller quantities. A t short order. I t is surprising to find what a small
the same time the revival of trade, which is now be basis of fact there was for the statements so widely
coming such a feature of affairs as we have shown circulated that the different roads had laid out
above, is increasing the general and miscellaneous plans for unlimited amounts of new construction, each
with the intention of encroaching upon and occupy
demand for all kinds of iron and steel.
The monthly statement of iron production pre ing the other's territory. Mr. Mellen tells us that as
pared by the “ Iron A g e ” reflects in an instructive far as the Northern Pacific is concerned, the only con
way the expansion which is in progress. We say struction in progress is about 75 miles in the Clear
“ instructive ” because when carefully examined these water country in Idaho. As to that, a question has
statistics make it plain that the movement seems to arisen as to whether the Oregon Navigation Company
be a natural, healthy one, due to a legitimate and should not also be allowed to occupy that coun
growing demand, and thus far is free from incidents try without being considered as invading Northern
that might occasion uneasiness or disquietude. Iron Pacific territory. This question, it is assumed, will
production is gaining, but not faster than consump be amicably settled, and the company “ is not engaged
tion ; in fact not so fast. Stocks are not increasing. in any ‘ war’ with any of its neighbors or competitors,
They are still contracting in face of the expanding out and does not expect to be.” In view of the persistent
put, just as they had been decreasing for many previous way in which reports to the contrary have been put
months. The “ A g e ” actually reports one furnace forth, this news, we are sure, will be welcome to the
less in blast December 1 than November 1, but the security holders of the property.
weekly capacity between the same dates was increased
Money on call, representing bankers’ balances, has
from 228,935 tons to 235,528 tons. This latter is the loaned at the Stock Exchange during the week at 3
largest figure ever reached in the country’s history. per cent and at 2 per cent. The higher rate was
But
the
significance of
that
statement can only momentarily recorded on Thursday; immedi
easily be exaggerated. Last March (before the ately thereafter loans were made at 2£ per cent. The
decline in production which subsequently occurred), bulk of the business has been at 2£ jrer cent and at
the output was 231,430 tons, and as compared with 2| per cent, and the average has been about 2§ per
that total the increase, it will be seen, is only a little cent. Banks and trust companies quote 2^ per cent
over a thousand tons a week. The record of furnace as the minimum, some, however, obtaining 2^ per
stocks which the “ A g e ” keeps shows that the aggre cent for new loans. Tim e money is in liberal supply
gate of the furnace holdings, both sold and unsold, while the demand is by no means urgent, and rates
was only 544,024 tons December 1 , against 573,012 are 3 per cent for sixty days to four months and 3£
tons November 1, 621,728 tons October 1 , 688,382 per cent for five to six months on good Stock Exchange
tons September 1, 739,288 tons August 1, and 805,311 collateral. The supply of commercial paper offering
tons July 1. The situation is thus one of great en is moderate, but the demand is sufficient to absorb
couragement.
it, and brokors report a fairly large volume
1234
TH E
C H R O N IC L E .
[Y ol. LXVII.
D A IL Y I’O S T B D R A T E S F O R F O R E IG S E X C H A N G E .
o f biuineea.
Some exceedingly choice six months’
t p a p e r is reported to have been sold this
Mon ., T o m . W*X>.. Tuna.. FB I..
FBI.,
Dec. 0. DtC. 12. Dec. 13 D tc. 14. Dec, 15. Dec. 1«.
,v,, k at .‘ i per cent, but this quotation by no means
«s *
82*
82*
82*
68*
82*
86*
85*
85l«
85*
85*
r< ;1i :s the condition of the market. Rates are d per Jroirn Broil...... { siButf"'. 86*
82*
82*
62*
®*
82*
Baring,
(OOdayi.
85*
85*
65iJ
86*
Magoun A CO.. \Bight....
86*
fur sistv to ninety day endorsed bills receivable,
S3f
82*
82*
82*
82*
82*
82*
Bunk British
( COdays.
85*
■ fur prime and
per cent for good
M*
85*
No. America., i Sights..
85*
85*
t5 *
82*
B2*
3ankof
JOO days.
82*
82*
four
si v months'single names. Chicago dispatches
86*
85*
86*
Montreal.......<Sights..
•5*
65*
iS
82*
£2*
62*
82*
Bank (00 days,
repot, an easier tone for money at that centre, call Canadian
80
80
It*
80
of Commerce.. ( Sight.... so
g *
82*
82*
82*
lek- ( 00 days,
82*
82*
loans being made at 3| per cent, against 11 per cent a Seldelbach.
86*
85*
85*
H
*
85*
elhelmer A Co. ( Sight....
85*
82*
82*
82*
82*
ire’ advices confirm this re Uuiu-d Vroros... j
; 85*
85*
85*
86*
m
8%
B2*
Bk. (60 days. m i
82*
§2*
port, and they also state that money is growing easier Merchants’
so
m
86
80
of Canada...... JSight....
II*
it*
other Western ceutres. The movement of cur
The market closed firm on Friday, with rates for
rency through the Sub-Treasury this week has been
actual business 4 S l}@ 4 81f for long, 4 84}@ 4 84}
chiefly to Xow Orleans and to Southwestern points.
for short and 4 85@ 485} for cable transfers. Commer
There has been no feature of importance either in
cial on banks 4 81@4 81} and documents for pay
the political or the financial situation in Europe dur
ment 4 8 0 }@ 4 81}. Cotton for payment 4 80}@ 4 80},
ing the week.
The treaty of peace between the
cotton for acceptance 4 81@4 81} and grain for
United States and Spain was signed on Saturday evenpayment 4 SI @4 81}.
■he American and the Spanish Commissioners.
The following statement gives the week’s movement
The Hank of England minimum rate of discount re
of money to and from the interior by New Y ork banks.
mains unchanged at i per cent. The cable reports
.Received by Shipped by
N et In te r io r
tPeek E n d in g Dec. 10, 189S.
discounts of sixty to ninety day bank bills in London,
JN. JT. Banks. N . Y . Banks.
M ovement.
3V per cent. The open market rate at Paris is 8
$5,635,000 $4,965,000 Gain. $720,000
946,000 Loss.
58,000
percent and at Berlin and Frankfort it is o f per
888,000
Total gold and legal tenders..... $6,573,000 $5,911,000 Sain. $662,000
cent. According to our special cable from London,
With the Sub-Treasury operations and gold im
the Bank of England lost £261,864 bullion during the
week, and held £30,988,879 at the close of the week. ports the result is:
Our correspondent further advises us that the
In to
Gut 0/
N e t Change in
Week E n d in g Dec. 16, 1898.
loss was due to shipmentsof £187,000 uet to the inter
Banks.
Banks.
Bank H olding*.
ior of (ireat Britain and to the export of £75,000, of Banks’ Interior movement, as above $0,573,000 $5,911,000 Gain. $662,000
200,000
Sub-Trea. oper. and.gold lmpts....... 23,000,000 23,200,000 less.
which £50,000 was to Uruguay, £5,000 to Brazil,
Total gold and legal tenders...... $2 3. 000 $29,111,000 Gain. $462,000
£lii,000 to other South American points and £10,000
The following table indicates the amount of bullion
to the Continent.
in the principal European hanks.
The foreign exchange market has been dull and
Dec. 16, 1897.
barely steady during the greater part of the week,
Dec. 15. 1898.
Bank of
Gold.
Silver.
lotal.
Silver.
Total.
Gold.
the tendency toward ease being chiefly attributable to
3t
£
£
£
4
X
the inactivity of the market. Though there have
30,988,879 31,767,748 .............. 31,757,748
iSngland...... 30,988.879
b> eu some purchases of long sterling for investment, France....
73.033,108 48,386,160 121,409,258 78.639,9:2 48,355,387 120,895,339
13,778,000 40.523.000 20,335.090 15,112,000 44,447,00©
buying of these bills has been somewhat checked by G erm an y.... 20.745.000
09.523.000 3.095.000 103,218,000 115,933,(00. 4.028,000 119,901,009
Russia .......
the comparative firmness in the rates, and there seems An st.-Hung’ y 35.333.000 12.454.000 47.787.000 37.070.000 12,377,000 50.047.000
11.002.000 0,855,000 17.917.000 9.834.000 11,000.000 20.334.000
Spain. .......
to bo a disposition to defer further purchases until
14,978,000 2.330.000 17.308.000 15.788.000 2,009,000 17.307.000
prices recede. The offerings of commercial bills Netherlands. 4.315.000 0.725.000 11.040.000 2.029.000 0,768.000 9.397.000
4.198.000
2 798,067 1,399,333
3.131.000 1.507.000
4,701,000
Nat.Be!glum.
against cotton, grain and provisions continue large, Tot.tbia w eek 299.101,987 05,700,150 394,953,187 823.735,387 101108700 424,844.087
but they appear to be promptly absorbed.
The Tot. prev. w’k 208,522.138 95,033,479 393,555.612 323,893,859 100897798 424.791.057
arbitrage transactions in stocks have had little influ
ence upon the exchange market either way. The
COLO NIES A N D T E E C O N S T IT U T IO N .
steamship Alameda arrived at .San Francisco on
U . dnesday with 13,510,000 gold from Australia, of
W ith the brief introductory speeches on Senator
which $3,000,000 consisted of sovereigns aud the re- Vest’s resolution, early this week, the debate on ter
mainder gold bullion. The arrivals of gold from ritorial expansion has been temporarily suspended.
Europe were
81,287,184
for
New York aud Very possibly the Senate is waiting . until the whole
10,900,000 francs in transit to Cuba.
These francs matter can be brought up in connection with the sub
for Cuba will not appear in our import or export mission of the treaty which was definitely signed
tables, being shipped on Wednesday direct to last Saturday.
Th e
Commissioners
le ft Paris
Cuba.
The range for nominal rates for ex- yesterday,
and the
formal
transmission
of
change has remained unchanged during the week the document to the Senate will probably not
ut s 821 for sixty-day and from I 85} to 4 8G for sight. be made until their arrival in this country.
On Monday the tone of the market w easy, and Meantime,
Senators who are preparing for an
rates for actual business for long sterling and cable open debate on the general question, more easily
transfers were reduced one-quarter of a cent com- done in considering the Arest resolution than in de
t ared with those at the close on Friday of last week, liberating on the treaty— which goes presumably be
to 4 8 Id fit i 811 for the former and to 4 85@4 85} for fore an executive session— arc doing wisely. N o t in
the In'ter, while the rates for short sterling remained this generation has a public question arisen calling so
■unchanged at 4 8 l}@ 4 84}.
On Tuesday and on forcibly for display of Senatorial logic, eloquence and
Wednesday the tone was barely steady and the mar statesmanship.
ket wa- very dull. On Thursday the tone was firmer,
Wo pointed out last week the fact that the Con
though rates were not quotably higher. The market gressional opposition to what is supposed to be the
cm.e.j firm on Friday. The following shows daily posted Administration’s policy has in reality a double prob
rates for exchange by some of the leading drawers.
lem with which to deal. It may or may not advocate
D ecembeb 17, 1898.]
TH E
C H K O N IC L E .
ratification of the treaty by which the U nited States
acquires control of Cuba, Porto Eico and the Philip
pines. I t may or may not endorse Senator Vest’s
contention that our Government has no right to hold
territory except with a view to its eventual construc
tion into Statehood. But it cannot consider these
two questions separately. I f the opposition endorses
Mr. Vest’ s construction of our Government’s lim it
ations, and then proceeds to repudiate the Paris
Treaty, it must he prepared to say what shall he
substituted for the terms of the Peace Commis
sioners. If, while still denying our Constitutional
power to maintain dependencies unless as embryo
sovereign States, it approves the Paris treaty, then it
will obviously have voted its deliberate approval to
the plan of adding these West Indian and Asiatic
islands to the Union, with all the powers and respon
sibilities now enjoyed by Missouri or New Y ork. In
this regard there is no excuse for illusions, on the
part either of Congress or of the people. The three
distinct alternatives before the United States are,
first, the acceptance of the Spanish cessions and their
government on a hitherto untried system, which will
exclude their admission as qualified members of the
Union; second, the rejection of the peace treaty; and
third, invitation to the people of these islands to pre
pare to participate with us, on equal terms, in the
government of the United States.
We have already expressed our gratification that
the Senator from Missouri should have submitted in
behalf of the opposition so distinct and clean-cut an
alternative. We wish further to make recognition of
the eloquence and force with which Mr. Vest has this
week presented his array of precedent and reasoning.
Prom his basis of argument, we doubt if the task
could have been better done. In the brief but com
pact speech of last Monday are contained, we believe,
all the Constitutional and legal arguments which may
be cited in behalf of his position. Concisely sum
marized, it may be said that he rests his anti-colonial
position on the following facts : First, that our
Government was founded as a protest against systems
of colonial administration in which legislative partici
pation was denied to the governed people. Second,
that the decision of the Federal Supreme Court of 1857,
already cited in these columns, distinctly denied the
power of the United States to “ enlarge its territorial
limits in any way, except by the' admission of new
States” or by “ the acquisition of territory not fit for
admission at the time, but to be admitted as soon as
its population or situation would entitle it to admis
sion.” Third, that the articles of cession for each of
our early acquisitions under the Constitution, includ
ing Louisiana and Florida, contained an explicit pro
viso that as soon as possible these acquisitions should
be organized into States. Finally, that the single
seeming exception to this rule— Alaska, which was
admitted nominallya3 a “ district” — has been declared
by the Supreme Court to be an organized territory
under existing laws, with the right to eventual State
hood.
The first observation to be made on this argument
of Senator Vest is that it rests its main position on a
simple dictum of the Federal Court, contained in a
decision whose main points have been wholly super
seded and reversed by the arbitrament of war. This
phase of the matter was brought out by Senator Platt
of Connecticut, in a brief reply to S«nator Vest last
Monday. The point was, indeed, inferentially con
1285
ceded by Mr. Vest himself. The remarks of the
Court of 1857, on the limitations of territorial expan
sion were appended to the famous Dred Scott decis
ion, whose most important rulings, as every one is
aware, were that the Missouri compromise and the
laws forbidding extension of slavery into new terri
tories were unconstitutional, and therefore null and
void. Senator Vest frankly stated last Monday his
willingness to eliminate such portions of the opinion.
“ These questions,” he added, “ were settled by shot
and shell and sabre-stroke for all time to come.”
But this concession being made, it maybe pertinent
to inquire— it certainly will be inquired in the course
of the pending debate—whether some other findings
of the same Court have not been affected by the sub
sequent appeal to arms. In other words, the question
is legitimate, whether or not the general dictum of
the Court of 1857 regarding the Government’s terri
torial powers may not have been based on the ante
bellum conception of the United States as a league o f
mutually independent powers. No other disputed
question— certainly not even that of the legal status
of the negro and of the right of States to prohibit
slavery— was more distinctly affected by the result o f
the Civil War than the question whether the United
States constituted a single national government or
not. Its status as a nation was decided; the further
question then arises, was or was not its right to exer
cise all the inherent powers of a nation decided simul
taneously? We stall not undertake to discuss this
pregnant question at the moment; it is an argument,
however, of which the country will hear very much
during the present Congressional session.
As regards Senator Vest’s appeal to the position o f
our own Government at the time of its foundation,
no one is likely to contest the assertion that colonial
government without colonial representation was a
foremost cause of the revolt from Great Britain. But
there were two facts in the situation of the American
colonies which greatly impair any supposed analogy
with our proposed experiment in the Pacific Ocean.
One, and the more important, is that the colonies not
only were capable of self-government, but had proved
such capacity, with a free popular suffrage, by longcontinued and competent local administration. There
is no parallel to this in the case of Porta
Rico and the Philippines, and very little in
the case of Hawaii.
The other essential point o f
difference is that the American colonies demanded
only the privilege of a voice in passing laws affecting
their own pecuniary interests. Denial of such privi
leges brought on the separation, a fact most carefully
and explicitly recited in the Declaration of Inde
pendence. But what right has any one to assume in
advance that such privileges will not be extended, so
far as is consistent with civilized administration, to
the people of our new acquisitions? As we see it,
decision on this point rests with the very Congress
which is now discussing the right or wrong of a co
lonial policy in the abstract.
In other words, if we concede the general policy o f
territorial expansion— which would be done by rati
fication of the Paris Treaty— the rest of the problem
must be settled quite as much in the light of public
policy as of apparent judicial or historical precedent;
notably so when the cited precedent of both courts
and politics has to do with situations totally and
radically unlike that with which we are now con
fronted. For this reason particularly, we doubt th e
123 b
TH E
C H R O N IC L E ,
[Vox, £,XTH.
force nf Senator Vest's appeal to the precedent <?! j should not deem H worth while-to take notice of it,
FI r : . i:: i Louisiana, whose cession to our Govern- feeling sure that among those likely to read such a doc
uient, .is he shows us, was accompanied by a pledge for ument, its inherent weakness and the palpably mis
their cventunl construction into Statehood. The ap leading character of the statements it contains, would
parently sufficient answer to this appeal is that no be manifest to all. Wrhat prompts us to refer to- the
suet, r * :j tins accompanied the Spanish cessions, matter is that seemingly the argument is fortified
and that there is very conclusive reason why the by a formidable array of figures and statistical
pledge should not accompany them.
data.
There are, in our judgment, numerous questions
There is a glamour about mere figures which it- is
of policy and law which remain to be solved in bard to overcome. A droitly used, they become a
connection both with our Hawaiian acquisition and powerful weapon in the hands of friend and foe alike,
with the ceded Spanish colonies. These questions and this often whether they are right or wrong. Few
will equally remain open, even after formal ratifica of us feel competent to dissect a statistical statement
tion o f the treaty. It is quite within the power of dealing apparently with genuine results, and stilt
Congress to pass legislation, if it choose, to the effect fewer of us possess the inclination and necessary pa
that the Tinted States will guarantee to the inhabit tience to enter upon such* a task. I f w e can re-enants of these islands, from the start, such measnre force an argument with material o f that kind, we areiif self-government as shall be practicable. We apt to consider ourselves invincible and ro think thehave sometimes wished that further expression discussion closed. For the genera) disposition is tomight be made of our purpose, after a sufficiently look upon figures as in the nature- of facts about
long American protectorate,
to release these which there can be no controversy. When these data
communities as independent governments, freed from come from a Government office and are announced
subordination even to the United States. But we with mathematical exactness, and seemingly based
fear that the annexation of Hawaii, whose im port upon the results of actual experience, their potency
ance as a precedent is too often overlooked, points in and spell become all the greater, unless their
a very different direction.
Whatever may be said, accuracy or trustworthiness- can be successfully
In the case of the Comptroller’s
and justly said, against the wisdom of the Hawaiian ex challenged.
periment, the fact remains that Hawaii, alone of all elaborate statements, much mischief may result
our island acquisitions, had proved by experiment that through the total lack of fam iliarity of the average
it could govern its own affairs, and that nevertheless it man with a subject so technical in its nature. W e
was declared in the Congressional resolution of may be sure that those who have from the first opposed
July d, with the assent of the authorities of the currency reform will be quick to seize upon theseisland, that government by the United States was compilations and cite them as attesting the correct
preferable, i f this act is to be accepted as a prec ness of their attitude against almost any new plan.
edent, we fear that proposals for the eventual in W e purpose in the present article to show that thedependence of the Philippines can be set forth calculations have absolutely nothing to support therm
with little grace.
— that they are not only entirely hypothetical, but.
But this fact
by no
means involves
the that they rest upon a hypothesis so remote from thefurther conclusion— drawn very hastily, it seems range of probabilities that it is-difficult to understand
to us, in current criticism— that our Govern how one having knowledge of banking facts could
ment is about to establish tributary provinces, seriously put them forth.
ground under the arbitrary exactions of American
Mr. Dawes nominally rests his objection to the
proconsuls us was the Sicily of Verres and the India of proposition for a bank note currency based on. assets,
Warren Hastings. Still less does it involve the de on the circumstance that it provides for giving the
grading alternative, which we have been sorry to see notes a preferred lien. N o one can read his remarks,
even hinted at in current controversy, that the United however, without becoming eonvineed that he is op
States should sell its Eastern acquisitions for a higher posed to currency reform. He assumes an attitude
price ban the indemnity allowed to Spain, and should of neutrality, but does not attempt to conceal his
pocket the difference. We believe that if the United hostility to the idea of a change from the present
States hat any moral right for extending its rule mixed system of Government issues and bond-seaured
over these Eastern and Western oceanic islands, notes. Thus we find him saying, “ the Government
the right has a deeper justification than can be of the United States is not in such straits, in connec
argued from questions of financial or commercial tion with its present currency system, as to compel it
to enter into a plan of currency changes by which it
in effect sells extended and valuable currency privil
eges to the national banks of the country, in ex
THE C O M P T R O L L E R ’S A R G U M E N T S
change for assistance from them in meeting its pres
A G A I N S T A C R E D IT CURRENCY.
ent governmental currency obligations payable in
The Comptroller of the Currency, AIr. Charles G. gold.” Furthermore, he argues that “ if the present
I'
, ha incorporated in his annual report t,o Oou- conditions of governmental currency demand re
gr. 5 an extended argument directed against the forms. to secure which will entail cost, it is better for
propriety and justice of creating a credit currency the Government, as the representative of all the
«>v
. by a first lien upon the assets of the issuing people, and under all the circumstances connected
bankPe rhaps to be strictly accurate we should say with our banking system, to pay an ascertained and
t v he ha* devoted almost his whole report to this exact, cost direct, than to endeavor to evade it by
st v . . for outside of ordinary routine matters there granting extensive currency privileges.” The reader
11
n i j r e l y little else in it. The argument is will recognize in this language a suspicious similarity
? thoroughly unsound and embodies so many fallacies to the arguments of the adherents of the old Green
»*: misconceptions, that except for one feature, we back Party, who were always urging that the Govern
D ecem ber 17
1868,]
i'H E
C H R O N IC L E .
1237
ment as the representative of all the people should the bond-secured note holder bear any of the loss re
take the profits accruing on hank note issues and re sulting from this depreciation ? Hot a particle of it.
place them with unlimited legal tender governmental It all falls on the depositor, just as it would in the
case of a credit currency. And this being so, it is
issues of greenbacks.
The Comptroller reveals the same attitude when he difficult to see why the Comptroller should object so
urges that the inelasticity of our present bank note cur strenuously to the continuation of that feature when
rency is not a serious objection. H e says that “ under applied to a credit currency, and argue as i f those in
normal business conditions and in normal times the favor of this form of currency and who advocate the
inelasticity of the present note issues of banks causes retention of the first-lien provision were proposing a
but small inconvenience.” He has a novel ile a that radical departure and seeking to revolutionize the
the use of checks and drafts, indulged in so freely in previously existing relations between the depositor
this couutry, provides a substitute for that require and the note holder.
A ll the Comptroller’ s elaborate computations rest
ment. “ We have at present in this country an enor
mous volume of what may be called bank-credit cur on the assumption that in the case o f failed banks the
rency, based upon the assets of our banks, and con rate of loss upon the new amounts of commercial
sisting of checks, drafts and bills of exchange. * * * assets will be the same as that upon the old amounts.
I t is extremely elastic and varies in amount at differ “ For the purpose of these tables it is assumed in the
ent seasons of the year. I t is generally amply ade case of each class of insolvent banks that their officers
quate to the business needs of the country, except in would have made the same proportionate losses upon
times of disturbed confidence and financial panic.” the commercial assets in which the notes issued were
Mr. Dawes is manifestly unfamiliar with the existing invested that they actually did upon the assets in
need and with the working of the present system. We which the deposits and capital of the banks were
would suggest that he read carefully and with an open invested.” How this rule is assumed to work can be
mind the lucid exposition of the evils resulting from easily seen. Take the case of a small failed bank'
the rigidity of the existing note issues as contained in say with #100,000 capital, and whose assets had netted
the annual report of Secretary Gage, published last only 33£ cents on the dollar. Mr. Dawes assumes
week; if he will do this we think he w ill be inclined that if such a bank had possessed and used the right
to change his opinion.
to issue #80,000 of circulation based on assets,* these
In dealing with the Comptroller’s figures and assets would have yielded no better results than the
statements, it is important to note in the first place assets it actually held— that is, would have suffered a
that he reasons from false premises. He talks of reduction of two thirds. Accordingly he finds his
“ the wrong done the depositor class ” by giving the liability account swelled by #76,000 (namely, #80,000
note holder a first lien on assets, and speaks of the notes, less the 5 per cent redemption fund which
step as being new and “ so revolutionary as to bring would be required in any event), while the addition
about the most injurious conditions in the general to the amount of the good assets is only #25,333—
business of the country.” But the step is neither new 33$ per cent on #76,000. As at the same time the
nor revolutionary. The existing banknotes have a $80,000 of notes become a paramount lien on the
first lien on assets and the best part of the assets, whole body of commercial assets, the showing fo r the
too— the Government bonds by which they are depositor is naturally a poor one.
secured. He endeavors to show that the relations and
But this proposition is imtenable for so many
conditions under which the lien is given would be diff reasons one is at a loss to know where to begin in the
erent, but in thie he is not happy in his reasoning. He enumeration of them. I t ignores, first of all, one of
is specially concerned about the smaller national the most striking characteristics in our records of
banks. He says that from the depositors of these bank insolvencies. IVe refer to the fact that a very
banks, least able to endure loss, “ the greater part of larg e portion of them has been the result of fraud,
the cost of this radical experiment in currency must instead of being caused by a shrinkage in the value of
be collected.” But what are the provisions of the exist the commercial assets. Prof. J. Laurence Laughlin,
ing law regarding note issues ? A t present before a in his report to the Monetary Commission, makes an
bank with #50,000 or #100,000 capital can start busi analysis of the figures up to the end of 1896, as fu r
ness, it must take out of its capital (its chief asset) nished by Comptroller Eckels, and finds that not less
a sum sufficient to purchase #12,500 and #25,000 than 117, out of a total of 328 banks declared insol
respectively of Government bonds for deposit at vent during the period from 1863 to 1896, were wrecked
Washington. These bonds go to form a basis for by defalcation or fraudulent management. How we
note circulation, though the requirement of a deposit do not pretend to be able to say what the loss would
of the bonds is obligatory in any event. But the have been had the people who wrecked these banks
moment the bank takes out its quota of circulation, had a larger body of assets to work upon. Opinions
the very thing happens which the Comptroller says may differ as to whether a cashier who has been carry
should not happen, and which he claims is a wrong ing on a system of peculation for years, or an abscond
and injustice to the depositor, namely the note holder ing paying teller, or a dishonest president, would have
gets a first lien on the bonds and the depositor is taken more in the contingency contemplated; but of
subordinated to it, taking only such equity therein as this there can be no doubt, namely that such defal
may remain after the preferred claim of the note cations have no relation to the ratio of losses on com
holder has been satisfied.
mercial assets and have nothing whatever to do with
What becomes of the notes which the bank secures the kind of currency system which may exist at the
against its deposit of Government bonds ? They are time they occur. T o get results worth anything, each
invested in commercial assets, subject to profitable case would have to be considered by itself, and the
employment or to the shrinkage and depreciation circumstances and conditions under which the fraud
which the Comptroller contends is so detrimental to was perpetrated considered.
Generalizations are
the interests of the depositor. In case of failure, doeB worse than useless in such a matter.
123b
TH E
C H R O N IC L E .
1in; Mr. Dawes treats all insolvencies alike, what
ever thetr can**. Taking the country as a whole he
oa!: i i’ v that the "ratio of valuable assets to nominal
a ,->_■t . upon final liquidation.'*’ was in the case of the
1V\ failed banks which form the basis of h s compu
tation, 50*31 per cent. In tbe case of the different
:< graphical divisions the ratio varied, he tolls us,
it. t ween 33*12 per cent and 59*36 per cent. He
accordingly takes this latter percentage in each
case as the measure of the shrinkage which would
occur in the security back of the notes were
they* represented by commercial assets instead
of 1>v Government bonds us at present. In order to
.. . ■ i misapprehension by the reader, we must caution
him against supposing that these percentages show
t)
r
ire on their claims.
Its actually realized a great deal more:
. : banks in the whole country, as classi
er Mr. Hawes, paid the depositors dividends
averaging 7 1*10 per cent, and for the different geo
graphical groups the amounts varied between 01*79
jm r <nt and 83 ■<: 1per cent.
It is Mr. Dawes’s conten
tion that these percentages would be heavily reduced
i the event of the issue of uncovered notes, owing to
'oss on the added assets.
His computations are made to show the amount of
reduction supposing notes were issued to the extent
ii per cent of capital, and also to the extent respeetively of 80 per cent and 60 per cent, In the firstnu ntioned case he figures that the average of divi
dends to depositors on the 195 hanks closed in liqui
dation in the whole country, instead of being 74‘16
per cent, would have been only 48*24 per cent. For
the batiks in the Far Western section, the dividends,
instead of being 61*79 per cent, would drop to but
1*30 per cent. Vow even supposing it were ndmissisible to assume such a shrinkage in assets as Mr. Dawes
ha.- made the basis of his calculations, the results
would still be erroneous. In the first place, the issue
o f loo percent of notes isnotasupposable case. Under
thepD uof the Monetary Commission notes inexcess|of
so per cent of the capital must pay a tax of 6 per cent
per annum, and the extreme lim it for note issues is
l " ) p:*r cent /■ the investment in real estate. These
requirements make it obvious that under no ordinary
con lit ions and very rarely under exceptional condi
tion- would too per cent of notes be put out. Even
b ' w en 00 and 80 per cent there is a tax of two per
cent. Furthermore, the picture is overdrawn in one
other respect, and this whether the computation is
«n '■1'* m» a lOil.pcr.cant basis or an 80-per cent or a 60per cut basts, In calculating the amount remaining
forth.* 1epos it or* it does not allow for any credit ho
be >V vr,. il by farther recourse to the double liability
of the shareholderc In many cases no doubt this
double liability has already been availed of to the full
extent, and therefore could not be drawn on any
further. But there must be many other cases where
the credit has not been entirely exhausted— where
.h i f dodder.- have been assessed only to the extent of
sixty, fifty or forty per cent, leaving a credit fund
sun at command to make good additional deficits. To
the extent that this was so the result to the depositor
w-mbi bo correspondingly more favorable than shown
in the Comptrollers tables.
Kntircly apart, however, from all these other con» ' ration?. the contention that had the banks bad all
* o r i^ots invested in commercial crodits, instead of
ar ;n Government bonds, the percentage of loss
amounts
Vol. LX VII
would have been as large as on the present basis, w ill
not stand the test of a moment’s critical examination.
What is it that determines the ratio of loss? Leaving
out the banks wrecked through fraud, which we have
already shown must be treated by themselves, ex
perience proves that the percentage will fluctuate in
an inverse ratio to the total of the deposits— that is,
the larger the body of assets the smaller the propor
tion of loss.
Except in rare instances, the loss
does not follow from inferiority in the whole line
of assets; it follows, as a rule, from the fact
that there is a certain amount of bad debts. I f
tbe aggregate of the deposits is small, this
amount necessarily forms a large proportion of the
whole, but with the aggregate increased the propor
tion diminishes. This is so self-evident as to be
axiomatic, and the Comptroller's own figures furnish
proof of the correctness of the statement, for they
show that while in the case of the banks with $50,000
capital the ratio of real to nominal assets was only
39*68 per cent, in the case of those with $100,000
capital it was 42*05 per cent, in those with $300,000
capital 44*48 per cent, in those with $300,000 capital
52*72 per cent and in the case of those with $500,000
capital 65*47 per cent.
Again, in the “ nominal” assets, on which the per
centages are figured, there may have been some items
that were not genuine, and we know that there are
some that are practically fixed and stationary, and do
not vary with the fluctuations in the volume of the
ordinary commercial resources. When a bank fails,
it is nearly always found that the surplus fund and
undivided profits were largely, if not wholly, illusory.
Sometimes it is discovered that these items were fic
ticious, not being represented by any real, tangible
assets. In such cases the effect has been to raise the
amount of the nominal assets, and consequently to
diminish the ratio of “ valuable” or real assets to the
nominal amount. Obviously a ratio thus obtained
forms no criterion for determining the proportion of
good to poor assets on a bank’ s ordinary loans and
transactions.
Then the assets may, and often do, embrace the
building in which the bank is located. This building
may have to be sold at a sacrifice, involving a diminu
tion of the assets of the failed institution. This is
very apt to be the result where the bank is located at
an interior point. The loss in that way is not of
course increased with an addition to the bank’ s com
mercial investments
So, too, the item of office fur
niture and fixtures— which usually disappears alto
gether as a tangible asset when the failure of a bank
makes them useless— would be no greater, and yet
this item, figuring as it does among the nominal
assets,
has tended in the Comptroller’s cal
culations to reduce the ratio of real to nom
inal assets below what it otherwise would have
been.
The fact
that furniture and
fixtures
frequently stand on the books for comparatively
small amounts does not alter the general force of
this criticism.
Nor should we lose sight of the fact that the
expenses attending the winding up of insolvent
institutions count for much in determining what
depositors are to get. Such expenses act either to
diminish the assets or to increase the liabilities.
There are no details to show how the Comptroller has
treated the item in his statement. I t may be that
his figures have been made up so that the ratio of
D ecesibeb
17, 1898.1
THE
C H R O N IC L E .
real to nominal assets, which he uses, requires no
modification on that account. But in any event the
matter has a bearing on the amount finally to be
received by the depositors. Hence it is important
to note that these receiverships are very costly
affairs. In another part of the Comptroller’ s report
we find the situation as to the El Paso National
Bank of Texas portrayed. This hank failed in -1894,
and has therefore been in receiver’s hands over
four years. The actual expenses of the receivership
up to date have been $31,876, besides which $2,000, it
is estimated, will be needed to complete the work,
making $33,876 together. The amount of the claims
against the bank was only $284,656, so that the re
ceivership has increased the liabilities by about 12 per
cent. Incidentally we might also state that in this case
there was a further addition of $35,481 to the liabilities
for interest on the claims at 6 per cent from the date of
suspension up to December 31 1898. Now no one will
claim 1hat if the liabilities had been say $120,000 larger
by reason of the issue of uncovered notes, the re
ceivership would be prolonged still another year or
two and these expenses and charges increased pro
portionately. The case of this bank furnishes an
excellent illustration showing the value attaching to
a possible further recourse to the double liability of
the stockholders, to which we directed attention
above; for all the extra charges here enumerated
have been provided for with an assessment of only
60 per cent, leaving 40 per cent still available in the
event of an increased loss.
But it is hardly necessary to pursue this investiga
tion further. We have said enough, we think, to
show that the Comptroller’s assumption that the pro
portion of loss on the commercial assets to be created
by uncovered notes would be as great as that in his
tables, is untenable because radically and fundamen
tally wrong. And yet all his compilations and con
clusions rest on this and nothing more. He seeks
by iteration and repetition to give force to his figures.
H e has worked out the results for the New England
section, for the Eastern group, the Southern, the
Middle, the Western and the Pacific. He gives the
data for banks of $50,000 capital, for banks of $100,000 capital, and for the two combined ; for banks of
$200,000,of $300,000, of $500,000, and of over $500,000
capital, and for the four together. And he has made
each one of these computations on the basis separately
of 100 per cent of circulation to capital, aad of 80
and 60 per cent respectively. In fact, he furnishes
no less than forty-eight different sets of figures, and
in each case gives them to the exact dollar, as if the
matter were susceptible of a precise mathematical
demonstration, and were not purely hypothetical. As
was remarked at the beginning, such an apparently
formidable array of statistical data possesses in a
case of this kind much power for mischief, be
cause suggesting a false appearance of strength
and impregnability. And it is only for that reason
we have felt called upon to follow the Comptroller
in his discussions. A ll these deductions we find on
analysis to be erroneous both in theory and in fact.
1239
tariff war which has existed between the two countries
since March 1 1888 is commercially an event of
great moment, and possibly it may not prove without
political importance. There can be little doubt that
it will be approved by the legislatures on both sides,
for the indications of public opinion— French
and Italian— so far visible are in favor o f i t ;
and no wonder. For a period not far short of
eleven years these two nations having contiguous ter
ritory, abundant means of communication by land and
sea, and much to gain by a large exchange of produc
tions, have done their best to stifle their mutual trade
by the erection, on both sides, of exceptionally high
tariff barriers against imports. The losses thus im
posed on the two peoples can never be measured.
Some idea of them may be gathered, however, from
the following figures taken from Italian official sta
tistics of the amount of trade passing between them
in 1887, the year before the war began, and in 1897.
1887.
$
1897.
Decrease.
$
$
Exports from Ita ly to F ran ce...... 81,200,000
23,913,600
54,286,400
Imports into Ita ly from Franoe .69,209,000
23,526,400
45,673.600
Total trad e.............................152,400,000
47,410,000
99,960,000
Thus there was a falling off in the aggregate com
merce of the two countries within ten years of nearly
66 per cent. N o doubt prices of commodities were
lower in 1897 than in 1887, but against the diminu
tion attributable to this cause may fairly be set the
natural increase of trade which might have been ex
pected if no special restrictions had been interposed.
It has been suggested from a quarter usually w ell
informed that this apparently sudden return to
healthier and more friendly commercial relations be
tween the two countries has been brought about by
the realization on the part of French statesmen, since
Fashoda, of the need for strengthening the bonds of
unity between their own and other countries, particu
larly those neighboring ones with which France has
affinities of race. This view is not admitted by the
Paris presB, and M. Paul Leroy Beaulieu, the editor
of the “ Economiste Frangais” curtly denies it. He
says that the fall of Signor Crispi and the advent of
Signor Rudini prepared the way two years ago for the
settlement now made, and that since the conclusion
in 1896 of the Franco-Italian treaty which removed
nearly all difficulties between the two countries about
Italian trade with, and the residence of Italians in,
Tunis, the abandonment of the tariff war has been a
subjectof cordial consideration in Paris and in Rome.
As yet only the outlines of the treaty are known.
Excepting two or three rather important items of the
tariffs, the scale of duties generally will be the mini
mum one applied to British, German and other “ most
favored” nations. On the side of Italy this is granted
without reservation, but France is still allowed to
retain the high duties of the general tariff upon
Italian raw silk and silk manufactures, and somewhat
higher duties on the stronger wines of Southern
Italy than those of the French minimum tariff. A t
first the new agreement was cordially welcomed
in both countries, but within the last two days
a few expressions of disappointment have come
THE
F R A N O -IT A L L A N COMMERCIAL
from Italy, occasioned by the exemptions just
A G R E E M E N T — T H E C O T T O N IN D U S T R Y
IN
named on the part of France. Still there is a
I T A L Y , A U S T R IA A N D S P A IN .*
residuum of satisfaction even there, for it is antici
M anchester , November 30, 1898.
pated
that not only will the treaty induce a much
The agreement arrived at a few days ago by the
governments of France and Italy to abandon the larger commercial intercourse between the two coun
# 0 o m m a n lo a t 6 d b j o a r S p e c ia l C J o rre A p o n U e n t a t M a n c h e s t e r .
tries, but also that Paris will become a much better
1240
TH E
market than before for Italian securities, and likethat the public revenue will bo improved by
arjjer Customs receipts. This lust consideration is
important in view of the straitened condition of the
national finances in Italy.
hi England the settlement of this long-standing
conflict has been received with
satisfaction.
There is a well-founded belief, widely entertained by
the British public, that any change tending to in
crease international trade must confer a measure of
benefit upon that of the United Kingdom. Partly
this conviction comes from the fact that, since Eng
lish commercial policy makes no discrimination at
the custom house between the products of one nation
and those o f another, any tariff reduction secured
elsewhere is given a? a matter of course to British
merchandise, with or without treaties. In France,
for instance, the most “ favored nation” treatment is
awarded to British productions, although there is no
agreement providing for it. It is an arrangement
fixed by French law, the former Anglo-French treaty
having expired on February 1 1892, The conviction
rests partly, however, upon a principle which is ac
cepted as axiomatic, that, indirectly if not directly,
new facilities tending considerably to enlarge the
trade between any two countries will bring benefit to
that of England.
In connection with the Frano-Italian agreement at
tention has been directed to the enormous falling off
which has occurred in the exports of British produc
tions to Italy since that country adopted, early in
1888, t he present policy of high tariffs which at the
time was avowedly undertaken for the purpose of en
couraging home manufactures, particularly those of
cotton and iron and steel. The annexed table in d i
cates how great has been the decline. I t shows the
total exports of British products to Italy in the five
years, 1883-87, and those of 1893-7 :
unaffected
I XrOKTS OP mtlTISH PRODUCTIONS TO ITALY.
1SS5......
|VOL. UXVU.
C H R O N IC L E .
.............. £7,121.64“ 11893 ................. .
*ft,206,796
........
0,
7 1891
5 ,1 5 5 ,3 0 5
19*5........................ fl.« 1,185 1895.......................... 5,545,966
l - HU........................ 6.092,470 1898 .......
5,357,250
1--7 ......... ............ 7,H10,530 |1897......................... 5,596,900
obtainable are below— often much below— th e cost of
production.
The Indian Currency Committee has resumed its
investigations in London within the last month. Its
proceedings are not published. A t first it was in
tended to finish taking evidence and consider the
report before the end of the year. It has now been de
cided to go on until March, as several important w it
nesses have yet to he examined. Sir Robert Giffen
has given evidence this week and Sir John Lubbock
will follow him within the next few days.
R A IL R O A D G R O S S A N D N E T E A R N I N G S
FO R OCTOBER.
Railroad net earnings, after some months of rather
indifferent oomparisons, are again making a very
encouraging showing. As foreshadowed in our re
turns of the separate roads from week to week, our
compilation for the month of October, in the character
of the final result, is a decided improvement on its
immediate predecessors.
Indeed, in amount and
ratio the increase in the net exceeds that of any
month since last May. In brief, there nas been an
addition to the net in the sum of $2,280,143. This is
all the more noteworthy as some of the roads have
been exceptionally liberal in their outlays for renewals
and improvements, thus adding greatly to the
expenses—in some cases so much so that with
increases in the gross there is a decrease in the net.
In ratio the $2,280,143 increase in the net equals
7-38 per cent. In the gross the amount of the im
provement has been over four m illion dollars— $4,142,674, or o '07 per cent. The following shows the
aggregates for the month.
January l to October 31
(119 roads.)
October.
( 12? roads.)
189S.
1897.
Increase.
1898.
1897.
Increase.
*
$
Gross earn’e 85,905,816 81,763,112
53,742,311 50,879,813
Oper. exp.
$
' *
$
4,143,671 672,348,3Jl 624,718.810 •47,590.584
1,862,531 •457,678,011 427, £80,145 30,097,869
Net eara’a 33.153,472 30,883.329
2,280,143 214,670,380 197.168,665 17,501,715
Conditions were not all favorable. Railroad rates
There can be no doubt that the purpose of the change were pretty badly demoralized, both in the East and
of policy begun in 1888 baa been accomplished, and the West, hut particularly so this side of Chicago, and
in some directions more than accomplished. In the the anthracite coal trade continued in rather a poor
I*:dian cotton industry at least the stimulus given by state. This will account for the fact that the trunk
it has gone so far as to have ended in a seriously ex line group, the coal group, the Eastern and Middle
ec live power of production. 1 have recently con group and the Middle Western group all record
verged with a Manchester merchant who has visited either only small gains or positive losses. As far as
all the chief cotton spinning and manufacturing dis general trade is concerned, it was held somewhat in
tricts of Italy. He found many largo accumulations restraint by the then close approach of the November
of stocks, especially of yarn, and a good deal of anx elections and the important consequences hinging
iety, if not of despondenov, amongst the proprietors of upon the outcome. On the other hand the cotton
cotton milk. These excessive stocks, which the home movement in the South was very much heavier than a
market cannot absorb, are being sold at low prices for year ago, though the shipments overland did not con
export, particularly to the Levant and the Argentine tribute to the increase. Southern roads also in some
Republic.
cases still derived advantages from the transportation
Similar signs of overproduction of cotton yarns and of U nited States troops. In the West the Transgood.4 continue to exist in Austria, where they have Mississippi Exposition helped to swell the passenger
b- . manifest for more than a year past. In Spain traffic of the roads running to Omaha. The grain
the same state of things has been brought about by movement at ’Western points was in excess of that
the Spanish-American war and the loss of tariff for October 1897, but the increase was mainly in the
pnr. • s in Cuba, Porto Rico and the Philippines. item of wheat— in which case, however, the expansion
Th
Barcelona manufacturers have, however, with was of decided proportions.
characteristic energy, set about finding new outlets.
The reader need hardly be told that we are compar
The; r atton goods have been offered in Manchester ing with improved earnings a year ago. Our statement
and eh< where, and exporters to South American and then showed $5,110,672 or G'94 per cent gain in the
Other markets are trying to dispose o f them profitably. gross, and 82,254,846 or 8’45per cent gain in the net.
It is needless to say that the prices at which they are The present increases come on top of these increases
TH E
December 17, 1898. j
C H R O N IC LE ,
fo i the same month last year. The following carrie
the comparisons back for a series of years.___________
Tear
Oiven.
October.
1
1893
1894
1895
1890
1897
1898
Net Earning*.
Gross Earnings
Year and
number
of roads.
*
$
%
25,329,948
33.578,030
27,348,115
25,043,730
23,949,531
33,163,472
24.998,635
20,705.458
23,831.490
26,729,4fi3
26.094.685
30,833.329
+331,313
—3.120.828
+3,510,019
-1,685,727
+2,264,840
+2,280,143
178.164,420
148,878.442
170.210.019
162,351,272
187,491.577
214,670,33'
185,075,748
179,029,374
153.088,415
102,242.791
108,733,203
197,168.085
—0,911.328
-80,160:932
t-17,127.604
+ 008.481
+18.758 314
+17,501,715
$
*
(130) 04,022.323
(143) 65,272,787
(140) 70,830.251
(181) 07.166,432
(130) 78,700.687
(127) 85,905,810
07.396,829
69,371,74')
04,560,498
71,143.288
73.650,015
81,763,142
Year
Increase
Preceding. Decrease
Year
Given.
Year
Increase or
Preceding. Decrease.
—3,3*3,906
—4.098.943
+0,269,753
—3,976,856
+5.UO.072
+4,142,674 I
Jan. 1 to
Oct. s i
1893
1894
1895
1-90
1897
1898
(120) 502.34l.98r(120. 504.8L5.70fi
(132) 542.448.791
(119 53\ l 1.309
( l l w> .*85.177,157
(119) •572.318,394
573,156.20S
582,399.295
512.094,107
526,503.432
550.503.197
024.743,810
-1 0 814,219
—77,583,689
4-29,434,084
-4-3,688 377
+28,073.000
+47,599.5°4
In the case of the separate roads, the Southern
Pacific leads all others in the amount of its increase.
I t reports 81,125,791 addition to the gross and 8482,456 addition to the net. The road last year found
its business on the Atlantic System very much re
duced by reason <f the yellow fever quarantines, and
then reported 8748,978 falling off in gross and 8459,
333 falling off in net. The Louisville & Nashville is
another road which was adversely affected in
this
way
in
1897,
but
its
decrease
then
amounted to only 893,595 in gross and 8127,831 in net,
while now it has 8234,432 increase in gross and
8192,941 in net. In the case of the Western grain
carrying roads, like the Milwaukee & St. Paul, the
Atchison and the Burlington & Quincy, the increases
this year all follow an augmentation last year. In
the case of some of the anthracite roads the loss the
present year comes after a loss last year either in gross
or net. As concerns the augmentation in expenses re
ferred to above as being a feature in some instancesj
the Wabash furnishes a good illustration: with 88,125
increase in gross, that road reports 891,855 loss in the
net. The following shows all changes exceeding
830,000 in amount, both gross and net.
P R IN C IP A L
CHANGES
IN
G R O S S
i ncreaKeM.
Southern Pacific...........$1,125,791
Chic. Mil. Ac St. P aul...
498,609
Atch. Top. &. S. F e........
299*889
Chic. Burl. A Quincy...
276,956
207,268
Union Pacific...............
Northern Pacific..........
264,563
Louisville At Nashville.
234,432
Southern R ailw a y........
189.412
Chic. Rock Isl. At Pac...
161,957
Mexican C e n tra l.........
151,724
134.968
Mo. Kan. & T ex as.......
Pacific Coast...............
134.921
115,264
Norfolk Ac W estern......
D enver At Rio Grande..
106,415
Oreg. RR. & N a vig’ n ...
90,451
Cin. N. OrL At T ex Pac.
88,940
Phil. Wilra. At B alt.......
87,000
Chee. & Ohio................
84,967
San Ant. At Arans. Pass.
80.492
Mexican National.........
50,3 48
P R IN C IP A L
CHANGES
IN
N E l
E A R N IN G S
IN
O C T O B E R .
I n c r e a s e * .
Chic. & West M ich.......
Mexican International.
Elgin Joliet Ac Eastern.
Central o f G e o r g ia ___
Min. St. P. & 8. S. Marie
$37,282
35,318
34,200
32,104
31,696
Total (representing
30 roads).............. $4,614,975
O e c r e a a e * .
Leh. V .R R .& L .V . Coal $311,806
Erie...............................
153,145
Phil. Ac Read andC Acf.
)33,1*4
Grand Trunk................
107,221
Canadian Pacific..........
101,271
Kan. C Ft Sc. & Mich
44,128
West. N. Y. & Penn___
42,911
Total (representing
9 roads)............... $893,566
B A R N IN O S
IN
O C T O B E R .
L24T
have served to bring improved exhibits despite the
unsatisfactory rate situation. Thus the Northwestern
group records 12T8 per cent gain in net, the South
western 13'02 per cent gain, the Pacific 13‘39 per
cent and the Southern 17’70 per cent.
SU M M ARY
S K C T IO N O B
GROUP.
October.
Trunk lines..(12
Anthra. coal.(7)
Bast. & Mid.(18)
Mid. West’n.(22)
Northwest’n (ll)
3outhwest’n.il0)
Pacific Coast (13)
Southern— 129)
Mexican ..... i4)
B Y
GROUPS.
Gross Earnings.
1898.
6
17,304,978
10,973,921
3,303.291
5,680,502
13.012,413
9,025.031
15,095,420
9,405,093
2,139,104
1897.
«
17,558,514
11,384.128
3,202,111
5,496,080
12,001,070
8,358.531
13,315 583
8,533.748
1,913.371
Tot.. (127 r’ds) 85,905,810 81.763,142
Net Earnings.
1898.
*
6,091,0 4
2,830.501
1,08),764
1,805,124
5.945.415
3,741,959
7,170,541
3,533.3 9
904.092
1897.
$
0.013,205
3,122,512
1,001,013
2,010,810
5,300,(52
3,311.0:6
6,323.740
3.002,068
73',84 7
Inc. or Dec.
$
+78,339
-231,948
+19,751
—145,092
+645.363
+430,973
+840,801
+531,311
+165,245
P.O.
1 30
9 35
1*80
7*25
12*18
1302
13*89
17*70
2237
33,163.472 30,883,329 +2,280,143
7*38
Jan. l to Oct. 31.
rrunfc lines.(10) 150,214.8)3 150,506,677 47.009,435 47,131,080
Anthra. coal..(7) 79,540.059 80,710.109 17,012.025 17,021,030
E’st&Middle(13) 30,101,370 28,625,999 9.180.997 8,913,191
Mid. West’njSl) 49.542,600 44,315.23c 15,008.920 13,193,123
tforthwest’n..i9 80.695,209 73,340.0i0 2^,758.194 27,938,937
3outhwest’n(15 59.425.46' 54,043,04' 17.074.U5 15.507,382
PaciBcCoastUS) 110,991,009 101.015,140 46,742.58 38,033.923
3outhern....(27) 80.514,45? 73.042,712 25,083.04L 22.014,848
7,139,0 4 0.806 696
Mexican..... (4) 19,363.203 18,182.807
Tot..(119 r’ds) 672.748.Sfti 624.74 J.*10 211,0*0 380 I97,l6+H*r^
-124,045
—9,055
+207,806
+1,875,797
+1,819,257
+2,160,20j
+8,703.057
+2,470,137
+332,438
0*28
0*05
3*00
14*22
0*51
13*97
22 88
10*92
4*88
4-1‘ ,501 715
8-S8
ITEMS ABOUT BANKS, BANKERS AND TRUST C O ’S.
—The declaration of the usual quarterly dividend by the
Fifth Avenue Bank calls attention to tne subject of large div
idends. As is well known the bank distributes 100 per cent
annually among its stockholders. That seems a large return,
and it no doubt is. The question is consequently a reasonable
one—how did the bank acquire the power to earn so much on
so small an investment? There is but one answer—it ac
quired the power by wise and thrifty management. The
Fifth Avenue Bank was organized in 1875 with a capital of
$100,000, and with a surplus paid in by the stockholders at
the same time of $100,000 ; it is a fact of interest that it was
the first bank to start business with a paid-up surplus. For
fifteen years not a cent was distributed to the stockholders.
This course was adopted in order that the institution might
accumulate a large surplus. Those years—for several reasons
which we need not stop to mention— were very favorable
years for banking business, more favorable than have been
experienced since or will ever be again. After 15 years of
thrifty, alert and shrewd management—that is in 1890 -th e
payment of dividends was begun at 100 per cent and that per
cent has been the regular distribution ever since. Some people
now-a-days spend their time in thinking ill of those who meet
such success.
In this city we love to see our neighbors
prosper if prosperity comes through honest work. W e know
that the same amount of brains with the same perseverance
and percentage of thrift will always succeed—not probably
to just the same extent, because the same favorable environ
ment does not accompany every enterprise, but sufficiently
near it to satisfy any wholesome ambition.
—At the annual meeting of the stockholders of the Chem
In c rea se **.
Southern Pacific.......... $482,456 Chesapeake Ac Ohio .. .
$41,128 ical National Bank the number of directors will be increased
Union Pacific...............
307,892 Cin. N. Orl. & Tex. Pac.
34,704
Chic. Milw. Ac St. Paul..
306,676 Pacific Coast...............
33,700 from five to nine, one of whom will be Mr. William H.
Atch. Top. Ac 9. F e ......
227,43•< Central N ew J ersey__
32,297 Porter, now of the Chase Rational, who will, as we announced
Chic. Burl. Ac Quincy...
198,516
Louisville & Nashville.
192,94 1
last week, on January 1 become active Vice-President of the
Totnl (representing
Pennsylvania!.............
190,100
32 roads)..............$3,071,914 Chemical. The board of directors of the Chase National
Northern Pacific..........
176,614
D e c r e a s e s .
Norfolk Ac W estern......
111,619 I Phil. AcRead, and C.& ir. $189,748 will be increased from seven to nine in January, and that of
Mexican Central.........
110,637 , Canadian P a c ific ........
158,893
Cl*vv. Cin. Chic. Ac St. L.
104.138 Leh. V. RR. Ac L. V. Coal.
146,630 the Western National from thirteen to fifteen.
Mo. Kan. Ac T e x a s ......
90,1 1 0 Illinois Central............
108,326
— The Colonial Bank recently decided by a vote of its
Chic. Rock Isl. & P ac...
82,655 Wabash........................
94,855
D enver Ac Rio Grande..
69,732 Grand Trunk ..............
70,215 directors not to make any dividends until the bank’s surplus
Southern R ailw a y.......
66,751 E rie..............................
42,«70
• Phila. Wiltn. A B a lt....
58,600 West. N. Y. & Penn ..
35,729 shall equal its capital stock. The action of the board was
San Ant. Ac Aran. Pass.
50,504
unanimous. The bank was reorganized last February and
Burl, i edar Rap. Ac No.
50,«90
Total (representing
Mexican National........
45,9*6
10 roads)............. $847,366 is an uptown institution. One of the officers informs ns that
t Covers lines directly operated east and west of Pittsburg and Erie
the earnings daring the past ten months have been
per
The net on the Eastern lines increased $6-«,700 and the not on the
cent on the stock.
Western lines increased $121,400.
I n c r e a ft e * .
When arrangod ingroups, the comparisons, asalready
indicated, are either indifferent or unfavorable in the
territory east of the Mississippi and north of the
Ohio. In other parts of the country the large grain
and cotton movements, together with trade revival,
—At the annual meeting of the National Bank of North
America in New York, an amendment of the articles of
association will be voted upon providing for a board of
directors of not less than five nor more
than thirteen. The
0
latter is now the number of directors. The proposed action
at the stockholders’ meeting is for the purpose of enabling a
1242
TH E
C H R O N IC L E .
fVOL. L A V U .
desperate. It holds so much of Cuban as well as of Spanish
bonds that it is difficult to see how it is to escape from its
embarrassments. And to add to all this there are very grave
At * meeting on Thursday of the trustees of the State fears of a Carlist outbreak. Indeed, many people who know
Trust Company of this city, the resignation of the President, Spain well are cynically predicting that the political classes
at Madrid are satisfied "that the present dynasty has nothing
Mr. Francis S. Bangs, was accepted and Mr. William A. more to give, and that therefore they will accept Don Carlos
Whs. lock, formerly President of the Central National Bank, if he only shows vigor and strength.
It is probable that the great Paris capitalists who are so
tru chosen to fill the vacancy. Mr. H. M. Francis, the
Treasurer, was elected Secretary, and the following were deeply concerned in Spanish affairs have been preparing for
an utter collapse in Spain. They have certainly had timely
chosen trustees: Elihu Root, William A. Wheelock and Col. warning. But in any event the bankruptcy of Spain will
Joel B. Erhardt. The resignation of Mr. Bangs was in con inflict heavy losses upon French investors. And the conflict
between the civil and military powers in France shows no
sequence of impaired health.
sign of abating. Consequently- business in that country is at
- President Jenkins of the First National Bank of Brook
a standstill.
lyn has appealed from a recent decision of a referee in a tax
In Germany the crisis seems to grow graver. In spite of the
case affecting that bank. Mr. Jenkins contends that nation measures taken by the Imperial Bank and of the extreme
al banks cannot be taxed at a h i g h e r rate than other moneyed stringency of the money market, speculation has not been
brought to an end. It is wonderful, indeed, how high the
c a p it a l in the hands of individual citizens, and therefore that
prices of industrial securities continue. The Bank, it is
the State law under which the national banks of New York understood, is resolved at any cost to put a stop to further
speculation. It is insisting upon re-payments from the other
State are taxed is unconstitutional.
banks and from the speculators generally, and it is reported
- Mr. James Stillman, President of the National City Bank, that it is thinking of another advance in its rate. A t all
will socn assume the duties likewise of President of the Second events, it is rapidly strengthening its reserves. That there
National Bank, Fifth Avenue a n l Twenty-third Street. The will be many failures among speculators is certain, and
interests of the two banks are identical, directors of the City there are fears that one or two of the banks are crippled.
But the great majority of the -banks are exceedingly well
Bank being also directors of the Second National, the latter managed. They have had two months for preparation, and
being practically the uptown branch of the City Bank.
it is hoped, therefore, that there will not be a crash.
The economic condition of so many Continental countries,
- Clearing House exchanges on Tuesday, reflecting Mon
the fear of dear money, and the continued political appre
day 's business, were $238,468,069. The largest previous daily hensions, necessarily warn all cautious persons in this coun
totals of the year were $240,800,102 on November 15, and try to beware of entering into new risks, and therefore
exchanges were $230,731,265 on January 4; the smallest was amongst the public at larae there is little inclination even to
invest. The large gold withdrawals on Wednesday caused
$87,471,791 July 25th.
a general decline in prices, but there has since been a decided
- A final dividend, amounting to 405-1000 of 1 per cent has recovery. The political apprehensions are by no means so
l , en ordered paid by the Comptroller of the Currency to the acute as they were. The end of the war with Spain, setting
creditors of the Marine National Bank which failed in 1884. the hands of the United States free, is one guaranty of
caution being observed by the aggressive Powers in the Far
This makes a total dividend of 88 465 100 per cent.
East, and the acknowledgement by France in withdrawing
—The trustees of the Bowery Savings Bank of this city Major Marchand that she is not prepared for war with this
on Monday decided to reduce the rate of interest on deposits country is another security. Still there is an undercurrent
of uneasiness.
from 4 per cent to 3% per cent per annum.
The Directors of the Bank of England made no change in
their rate of discount on Thursday. Probably they acted
prudently. A couple of weeks ago, foreseeing gold demands
from the United States and possible difficulties in Ger uany,
the directors began borrowing in the open market for the
Prom oar own correspondent. 3
purpose of raising rates there. But the other banks were
L ondon , Saturday, Dec. 3, 1898.
unwilling to lend except at very high rates, which the
The withdrawal from the Bank of England on Wednesday directors" of the Bank of England were unwilling to pay.
and Thursday of over a million sterling in gold for Rnssiai Consequently the market has been left to drift, and at the
Germany and New York completely changed for awhile the beginning of this week the rate of discount in the open
market was only a slight fraction over 3 per cent. On
tone of the Stock Exchange as well as of the money mar Wednesday morning the knowledge got abroad that large
ket. Earlier in the week confidence had been growing. sums would be withdrawn from the Bank, and the rate rose
The a -wptaoee by Spain of the American terms, putting an sharply. Towards the close of business, when the actual
-nd to the danger of renewed hostilities, caused an increased amount withdrawn became known, the rate was quoted from
'&% per cent to 3% per cent. It was found, too, that the
"peculation in American securities. It is true that the slight increase in speculation, together with the withdrawal
speculation was almost confined to members of the Stock of so large an amount from the Bank, had reduced supplies in
Exchange and to professional operators outside, the general the open market so much that very large amounts had to be
public doing very little. Still, the speculation was de raised from the Bank of England. It was obvious, there
fore, that the Bank ought to borrow at once, and that it may,
cidedly larger than for a long time past.
if it acts promptly, secure control.
There was al-o more business done in British Railway
With regard to the probable shipments to N ew York you
sticks and in some foreign securities, especially Italian. are in a better position to judge than we can be here. But
The tariff war between France and Italy had undoubtedly concerning the German demands very much depends upon
the great Paris banks. It is estimated by excellent authori
Injured Italy much more thau France, Firstly, because ties in Paris that the great Paris banks have advanced in one
France had been the great market for Italian commodities way or another to the leading German banks from 20 to 24
and. secondly, because from France Italy bad obtained all the millions sterling. Possibly this is an exaggeration. But it
capital needed to construct great public works. Therefore is certain that the advances have been on a very great scale.
During the excitement over the Fashoda incident the Paris
it was seen at ones that the conclusion of the new com banks began to call in money from Germany. When the
mercial treaty would benefit Italy more than France. Yet withdrawal of Major Marchand was decided upon they
it oinH not b" left out of account that the new duties in stopped. But if now they should begin to withdraw again,
Franco are heavier than those formerly imposed; that Span- the position may become very critical indeed in Germany.
Here in London very largs amounts had likewise been
i-h « til- has gained a firm footing in France, and is not advanced to Germany. It is said that the acceptances of
likely to be completely displaced by Italian, as it was formerly; German banks held by London banks a few months ago
ant, lastly, that trench in tustry ha- made good progress amounted to 10 millions sterling and over, and very large
ir.o' the breaking off of commercial relations. Still there advances had been made in addition. But during the past
two or three months tbs re payments from Germany have
is no question that Italy will benefit. She will be able to been very large, and lately tbe German banks have been
export more to France, and she will probably be able to able to place here considerable amounts of German and
Prussian Government bonds. The impression is that Lon
No donbtis entertained anywhere that on the French side don will not do anything to accentuate the embarrassments
f ‘
■i motive in concluding the treaty was to detach Italy in Berlin. Therefore the result depends firstly, of course,
;r ui the i riple Ailiano**
But whether she will succeed re- upon the resources of the houses and the institutions con
mains >o b<> seen. Meanwhile, the condition of Italy econ cerned in Germany and much also upon the action of the
omically is very bad. She is presumably emerging from great French banks.
her worst difficulties. Bat she has a long and tedious way to
The Russian demand no one can anticipate or measure.
1 ag« teifore »h»’ places her finances upon a satisfactory basis. This week it has been very large. Meanwhile the India
in bpxiri Die outlook is desperate. The country is bank- Council continues to sell its drafts very well. It offered for
rup. *r.d everyone t* exacting a repudiation of the Cuban tender on Wednesday 45 lacs and the applications exceeded
ats'i 1 mop;,.,., debts, and the cutting down of the interest on 307 lacs. The whole amount offered was sold at prices
he
‘ be situation of the Bank of Spain is no less ranging from Is, 8 15-16d. to Is, 4d. per rupee.
redaction to be made in the number of directors if at any
(in,. »ueh reduction ehould be deemed advisable.
HlouetavijKComnicvctaX j^ngUsIuIIeius
TH E
D ecem ber 17, 1898.J
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
&c., compared with the last three years:
1898. •
Dec. 8.
s
27.171.075
fl.193.3fl0
37,708.2*9
10.414.610
29,414.794
Dec. 1.
a
1895.
Dec. 4.
1896.
l»ec. 2.
a
1243
C H R O N IC LE ,
The following table shows the exports and imports o f
ipede at the port of N ew York for the week ending Dec. 10
and since January 1, 1898, and for the corresponding periods
in 1897 and 1896.
L
EXPO RTS
AN D
IM P O R T S
27.342,840 26.156.235 25.815.640
Circulation...............
7.768.593
6,133 5S5
7,954.978
Public deposits........................
36.512,729 42.446,937 50 38* 364
Other deposits.........................
12.676,315 13.752.969 14,^36.432
Government securities............
25.775
955
26,451.442
27,777,479
Other securities .....................
21**10.598 21.834.530 26.225.273 35 324,725
Reserve o f notes and coin....
Coin A bullion, both departm’ts 32.189,673 32.377.370 35.5*1,508 44.^38 765
00 9-16
53 13-10
48 15-16
49*
Prop, reserve to liabilities.p.ct.
2
4
3
4
Bank r a t e ................ percent.
106 9-16
111%*
112%*
lioH
Consols, 2?i per cent...............
801l-i8d.
29%d.
27^d.
..............
27 9-it3d.
8Uver.... .................................
Cleartng-Honse returns.......... 168,820,000 171,792,000 166,125.000 179.596.000
* Ex-dividend.
West In d ie s ...........
$761,785
South Am erica......
U1 other countries.
6,000
Trie following shows the imports of cereal produce Into
the United Kingdom during the first thirteen weeks of the new
season compared with previous seasons:
Total 1898.......
Total 1897........
Total 1896.......
Gold
Week.
1897.
16,853,600
4,111.700
•8,997,660
1896.
17.140,230
5,613.440
7,771,054
T ota l....................28,956,209 29,967,960
1897.
1898.
33s. 8d.
Aver.prioe wheat,weak.27s. 9d.
33s. 3d.
Average prloe, season..27s. Od.
30,524,724
1896.
33s. 4d.
28s. Od.
This week.
Last week.
1,395,000 1,280.000
Wheat............. qrs.
flo u r, equal to qrs.
375.000
350,000
780.000
730,000
M aize...... .......qrs.
1897.
2,180,000
425,000
495,000
1896,
2.375,000
415.000
805.000
H a r K e t s — P e r CaOle.
L o nd o n
Sat.
Mon.
Tues.
27**
I1 0 5ig
n o -,,
02 77»*
42 >8
17%
48%
86**
34%
26%
119*4
64
14
37*8
115
199
60
12
122%
16%
60
42%
78%
61%
9%
23%
11%
10%
4338
39*4
72%
23%
277,s
n o * ,*
110%,
102 90
4 1^
17%
49
87%
3>%
2738
120%
64%
14*8
377g
115%
199
66%
12*4
122%
17
60%
423i
78%
61%
97,
24*4
11 >0
10%
4<**
39%
72%
23**
377,,
110%
110%*
02 92**
42
18%
5238
88%
34%
2738
121
66%
14%
387s
118
19 •%
67*8
12*4
123*
17%
61
43%
79%
62%
9%
24%
11%
11
41
41
73%
24*4
Price per share.
Imports.
Week.
Wed.
Since Jan. A,
*200
8,000
200
10,053,679
8,500
171,298
37,292
11,644 $45,701,432
598 300 17,586,676
$135,100 29,751,148
13,062
2,809,074
4,213
114,819
153,625
1,019,523
1,430
564,013
*767,785 $10,2“ 9.169
21.305 29.860.941
50,935 51,345,692
$917,374 $97,546,685
12,865 13,607,817
36,524 82,792,815
Week.
Im ports.
Since Jan. 1.
Week.
Since Jan. 1.
ire a t B ritain.........
STanoe...................
'Germany..............
West Indies_______
d e x io o ..................
iouth Am erioa____
M l other countries
*1,414,780 $43,184,719
986 322
3,020
410
13,850
586,595
14,159
223,799
"§",700
11,633
$49,584
24,907
4,010
9,435
313,448
98.820' 1,403,368
6,8591
786,884
79,143
Total 1898........
Total 1897........
Total 1896------
$1,437,740 $45,010,247
898,029 44,186,900
897,273 49,833,805
$121,900 $2,661,344
64,352
2,960,049
23.728
2,791,076
$6,786
I Kurt.
27t,„
27**
110*8 110%s
11038 1100 „
02-97 % 02*82**
43*8
43%
19%
19%
5238
53%
88%
88
34%
35%
27%
27%
120*4 120%
66
60%
143b
14%
39
38*
117** 117%
201
212
6038
66*4
12%
1238
123% 1253$
17%
18%
61*4
61 %
42%
43 *4
79%
79%
61%
62%
10%
9%
24
25*4
n%
n%
10%
10%
43**
43*4
39**
39*8
73
73*4
24**
24**
New York City, Boston and Plitladelpnia Banks.— Below
we furnish a summary of the weekly returns of the ClearingHouse Banks of New York City, Boston and Philadelphia,
The New York figures do not include results for the non
member banks.
SANKO.
The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending Dec, 16
Silver, perouDJe___ d.
Consols., new, 25, p.ots.
For aooonnt....... .....
FVch rentes (In Parle) fr.
Spanish 4 s....................
Atcb. Top. A Santa Fe
Do
do
prel.
Canadian Pacific.........
Central Paciflo.............
Chesapeake A OMo......
Ohio. Mil. A St. Paul....
Denv. A Rio G r.,p re f..
Silver.
Y O R K ,
Of the above imports for the week in 1898 $11,617 were
American gold coin and $560 American silver coin.
Of
the exports during the same time $29,439 were American gold
coin.
The following shows the quantities of wheat,
maize afloat to the United Kingdom:
1st p referred ............
Illinois Central............
Lake S hore. ...............
Louisville «fc Nashville.
Mo Kan. A Tex., com..
N. Y. Oent'l * Hudson.
N. Y. Ontario A West’ n
Norfolk & Weet'n, pref.
Northern Paolflo, oom..
Preferred ..................
Pennsylvania .............
* Phil a. A Head.............
•Phil. A Read., 1st pref.
* Phil. <fe Read., 2d pref.
Soiith’ n Railway, oom .
P referred..................
Union Paolflo..............
Do
new pref..
Wabash, preferred ...
N B W
Exports.
Supplies available for consumption (exclusive of stocks on
September 1):
Eiutllali F i n a n c i a l
S P E C IF ! A T
Since Jan. 1.
Ireat B ritain .........
IM P O R T S .
1897.
1896.
1895
1898.
Imports ofwheat.owt. 15.061,200 16,858.600 17,140,230 18.6*3,860
6,200.794
7.S92.160
8,432,530
Barley........................ 9,329,«00
3,790,120
5,446,590
3 990 340
Oats........................... 4,197,870
763,000
1,161,625
816,820
Peas...........................
601,120
991.950
957,930
1,019,420
Bsans........................
675,210
10,96
i,000
16,4
19,080
10
829.80 1
1ndian oorn................11,719,700
4,111,700
5,613,440
5,118,700
Flrur.......................
4,932,530
-----1898.
Wheat Imported, cwt.15,034.200
Imports of flour........ 4 932,530
Bales o f home-grown. 8,939,479
O P
Exports.
F ri.
279,4
110%
110**
x207**
43%
19%
533s
87%
37%
26**
12034
67%
14%
39*^
118
06 **
13%
1'29
18**
62**
43%
79%
62%
10*4
25
11%
10%
43%
39%
73%
24^8
Capital A
Surplus.
Loans.
•». Y.r
$
9
Nov. 19., 134.184.0 093.705.2
“ 20 134.184.0 091,419,8
Deo. 3.. 134.184.0 897.747.4
10.. 134.184.0 702.309.3
Specie.
Lssals.
9
1593533
1584815
1584023
1010005
$
53.922 0
55,558.4
60 017.1
54,873,8
How.*
Nov. 26.. 08.587.3 183.734.0 10.047.0 7.321.0
Deo. 3 . 08.587.3 184.489.0 10.537.0 7.470.0
“ 10.. 08.587.3 184.708.0 17.027.0 7.183.0
Phi Ift. *
Nov. 20.. 35.388.0 123.297.0
41.590.0
Deo. 3.. 35.388.0 123.238.0
41.919.0
10.. 36.388.0 122.058.0
43.975.0
Deposits A Oirc’l’n. Olearins
9
788.432,9
782.72
789.525.8
790,788,0
9
15.971.1
16.330.9
10.439.2
10.385.3
9
10957085
835.004,5
10011381
954,918,1
214.273.0 5.884.0 100,333,9
216.985.0 5.810.0 120,791,3
220.876.0 5.777.0 120,411,0
141.218.0 0,015,0 08.749.0
141.653.0 0 039.0 85.810.0
142.592.0 0.036,0 84.378.0
New York City Clearing House Banks.—Statement o
coulition for the week ending December 10, based on averages
of daily results. W e o m it tw o c ip h e rs ( 0 0 ) i n a ll cases.
Ba n k s .
Sank of New York..
Manhattan Co........
Merchants’ ....... .....
Mechanics’ ............
America................
Phenix..... -....... —.
City.....................
Chemical...............
Merchants’ Exch'ge
ilallatln.................
Butchers’ <fc Drov’rs’
Mechanics’& Trad'a'
Leather Manufacrs
Capital 8urpl’s Loans.
400.0
200.0
600,0
300.0
1.200.0
Broad w a v...............
Mercantile.............
Specie.
Legale. Deposits.
$2,000,0 $1,858,0 $14,400,0 $2,950,0 $1,020,0 $14,770,0
2.050.0 2.080.4 16.253.0 I 4.105,0
1.724.0 18.433.0
2,000,0 1.001,0 13.994.1 3.002.1 1.247.0 10.307.8
2,000,0 2,005,1 11.393.0 ! 2,801,0
745.0 11.804.0
1.500.0 2.012.5 20,085,5 4.288.3
1,758,7 23.259.0
1,000,0 243.4 4.290.0 1,118,0
201.0 4.573.0
1,000,0 4.322.8 83,781 1 24.595,8 3,302.6 100,305,2
300.0 0,990,4 24.101.0 8,200,8 1.087.1 27.355.1
600.0
170.1
366.5 0,477,1
5.036.2 1.213.2
1,000,0 1,725,4 8.641.0 1,377,5
733.7 7.718.0
121.2
191.2
300.0
150.0 1,211,9
906.1
5.000.
5.000.
1.000.
1,000,0
422,7
1.500.0
450.0
200.0
700.0
174.2
172.0
482.0
109.3
618.3
2.610.6
0
3.002.0
0
1.02
0 7,8
1.013.0
479,2
834.1
988.0
204.8
554.5
2.240.2
308.0
378.4
206.0
974.1
154.0
1.282.0
979.1
4.068.2
1.720.4
3.713.1
27.004.0
37,817.9
0.896 9
13.007.0
2.810.5
17.832.0
0.293,0
1.602,0
12,051,8
39.758.1
3.015.0
2.703,8
2.576.7
6.375.2
3.049.8
0,175,0
5.701.2
t,894.2
25.572.0
41.200.0
1.205.1
27.300.0
12.179.0!
0,152.0
2.816.1
32,081.3,
1.549.0
2,706.0,
3,100,0'
2.871.0
30.106,3
7.980.5
328.0
103.9
991.5
459.3
409.9
3.480.0
2.769.0
1.042.9
2.710.0
601.4
4.622.4
802,8
424.1
3.017.5
9.970.0
604.5
801,0
403.0
1.115.0
870.0
1.774.2
1.570.7
208.6
5.939.0
13,943,0
441.7
4.785.1
3.438.0
1 078 0
1.312.0
0,705,5
182.0
204.0
248,4!
144.7
22 3,9
3.064.0
2,842 4
226.2
080.0
425.0
092.7
844.0
000.3
1.013.2
2.217.9
438.0
141,6'
865.7
039.2
209.0
855.0
346.2
429.0
1.502.0
947,1
4.159.1
2.132.0
2,943,8
22.341.0
•22,122,8
0,041,0
13.328.8
3.410.0
20,024,4
0.409,6
2.900.1
15.224.0
49.137.8
3.794.0
3.220.0
3.131.4
0.709,5
4.297.2
10.281.0
7.085.0
2.040.0
20,058 0
53.092.0
1.497.0
29.054.2
15.998.0
7.005.0
3.680.0
32.948.1
1.528.2
3.805.0
3.740,7
2.839.3
37.402.9
9.105.0
3.385.5
4.900.1
7.441.5
0,830.3
2.180.3
5.807.1
2.589.0
11,300,0
1.655.0
34.455,5
5.493.0
10,603,8
4.581.2
3.721.9
3.5
06,6
Chatham........ .......
People’s ................
North Am erica......
Hanover................ 1.000,0
irv tn g .............. —.
500.0
000,0
Imports and E xports for the W eek .—The following are Ci m ens'................
Nassau-................
the imports at New York for the week ending for dry „oods Market & Ftilton...! 500.0
900.0
Dec. 8 and for the week ending for general merchandise ■ihoe <fc Leather..... | 1,000,0
Oorn Exchange...... 1,000,0 1.200.8
Dec. 9 also totals si jce the beginning of the first week Continental.............
; 1,000,0
005.2
Oriental ................ I 300.0
In January,
403.0
1.102.0
r mporters’* Trad’rs 1.500.0 5.015.1
P O B B IQ N IM P O R T S A T S K W Y O R K .
Park .................... 2.000,0 3,235,9
2.799.0
172.2
Ka*t R iv e r ........
154,7
250.0
Fourth................... 3.200.0 2.030.2
2,489,4
F or week.
1898.
1897.
1896.
. 1895
Central..... .......
976.0
1,000,0 610.0
721.1
Second.................
548.0
300.0
Dry goods......
$1,466,779
*1,534,862
*1,668,689
*2,543.520 Ninth............. ......
287.6
250.0
750.0
5.044,592
Svn’l mer’ dlse
5,393,570
6,848,743
5,880,210 First.................. .
918.7
500.0 7.488.2
200.8
218.3
N. Y. Nat’l Exch’ge.
60,8
300.0
*6,511,371
T o t a l........
$6,930,432
*8,517,412
670,3
014.2
*8,423,730 Howerr..................
250.0
631.7
iince Jan. 1.
New York County..
638.5
319.2
200.0 460.3
289,9
408,h
277.3
Dry goods___ _ $86,124,739 *114,056,203 *101,303,501 $136,523,599 German American..
750.0
6.722.8
4.247.0
1.000,0 1.129.0
a e n ’l mer*dlse 314,321,740 341,587,777 319,032,022 353,905,321 Chase.................
Fifth Avenue..... 11 100.0 1.170.1
1,4*0.4
798.1
850.7
200,0 575.9 2.020.8 191,8
Total 49 weeks *400,446,485 $455,643,985 *420.305,526 *490,428,920 German ExohaDge..
Germania...........
630.8
200,0 754.2 3,32 4,8 571,7
Lincoln.............
452.0
748.2
0.802,3 1.420.4
300.0
The following is a statement of the exports (exclusive of Garfield............
857.0
520,5
5,495.9 1.326.5
200.0
429.2
320.3
1.909.3
pecie) from the port of New York to foreign ports for the Fifth......................
173.4
200,0
802,2
Bank of the Metrop.
488.8
4.802,8 1.090.9
300.0
week ending Dec. 12 and from January 1 to date:
West Side..............
322.0
351.2
200.0
2.399.0
382.0
seaboard...............
384.2 9.372.0 1.302.0
1.419.0
EXPO RTS PROM N E W
YO R K FO R TH E W E B S.
500.0
214.0
Sixth.................... .
202.0
349.3
1.885.0
200.0
Western............... 2.100.0
1,494,3
29 805,2 0.855.9
767.7
1893
1897.
1896.
1895.
4.094.0
064.0
911.0 1 177,3
First Nat. B’klyn...
300.0
353.2
Nat. Union Bank... 1,200,0
948.5 15,138.9 3.870.4
336.9
810.1
3.770.4
600.0
308.0
For the week..
$9,025,816
*8,007,034
*9,141,539 Liberty.................
*3,399,140
707.2
358.8
229.3
4.097.7
Prev. reported 448,279,831 391,464,003 358,159 920 318,675,664 N. Y. Prod. Kxoh’ge. 1,000,0
2 k.of N. Amsterdam
681.5
310.3 3,18 J,4
302.5
250,0
Total 49 weeks •455,305,647 #397,471,037 #386,855,060 #327,817,203
T o ta l..................'58,272,7 75,011,3 702 309.3 1610665 64,873,8 796,7 88,0
QPommcucialaudlllisceUuucousl^cuxs
TH E
1244
K o p o r t , o f .N o a H e r a b e r H
, -i;t o f c o n d itio n o f th e
-ir~ t tidin g D w , 10, based on
f f , e m it tw o e fp A s f* ( 0 0 ) in a ll
x x s tm .
ifiti* o H iu «D
flfttr
ClTT
..... AMttf
Q»i"%W ......
.«,....
©•▼wash Ward...
HirfspA.
Fr*at»,.'UB X »Uon»lUMtteTCKin,,.. .
H jkss-SUon. -...»
Hid* A
Sat.
K..SM. - .......
Hadwoft W n r,..„,
Me-a©* 3korti*. ...
k tiM l,.
Wanl.
f : * * * .................
rh
........
—.
Bi®'"*'-..... .
TwfelDfc Ward*
Tw*c« f -third Wrt
Ocior Aqnar©..*«,...
■i
t*L
9
•
•
150.0 302,3 2.440,2
741,7
lr o ,0 45, t‘
800.0 iWW,4 LH72.0
100,0 119.6 1,119,0
loao 54. W 738.2
♦»,tl 602,1
2 oa.o
io»xa 26,3 017.3
65,2 1.173.7
500,0 10 U.2 2.131.7
519.4
300^0 im »,8 1.127.0
150,0 9 M 1.402.0
113 2 801.3
100.0 25,4 653 1
100.0 110,5 1,486.1
100.0 101.7 739.0
1.078.0
200.0 iso;a 1.162,8
100,0 47,1 »07.7
200,0 SOI .8 2,t *24,4
1.17* .3
300.0
8.7 2.092,4
A*t«r N»s*l Bank
BmakHCl y n .
■
•♦drof-.t.........
Broalw ty......___ 200.0
Ssutblh Ward...... 100.0
Fifth A fe o a «....... 100.0
fttlson............... ‘loij.i*
Ki»(C* County...... 150.0
MasafacPr** N * r 252.0
MACteftfekw. ... ... 500.0
IfftO&V A TradP*' 100.0
S SUUttkO X AUOCUki, . 300.0
national City...... 300.0
100.0
Jfortfc wide..... .
________ 100.0
Qawf--» Oo. (L I.C .I 100,0
■ohonoorhorn..... 100,0
ftem,toeaUi Wan 100,0
ftrarmrua X*iloa*l.. 200,0
Tirenty-»txth WM. 100.0
0Rion................ 100,0
WaiUboal.......... . 100.0
O tH tR C m M .
a n k A - T h a fo llo w in g is th e
n o n -m em b er banks f o r th e
a v e ra ge s o f th e d a ily resu lts
m e re
Depot* {. writA
Set
U vl
IjOanrJt
He*
l«rv#s StHXU- AB'k Clear'g uthtr
AgmL liknukc pO*il3»
Blfftl*.
Surtiv*.
400,0
360.0
Id K iL , Jer. City.- 260.0
M X ii. J e r . a t y .. 200.0
110.0
125.0
2-5,0
t « N*l_BUUn Xth 100,0
105,7 1,139.9
114, H 1,450,3
L.077,5
35,1 277,9
50.4 5u&,8
109.0 8*8,4
59,3 «15,6
43»,1 9.10.t, i
289.8 2.254,2
108,5 853.0
5<J0,9 J,802,u
567.8 2/209.0
111,1 741,3
105.8 8»S.S
124.6 1,728.1
57.1 436.5
05,5 *78.1
210.1 1,032.4
51.3 040,3
45.4 278.5
32.4 559.1
704.4
5*21,1
381,5
190.9
417.0
»3.1
44,2
71,0
* ,
9
9
317,9 46.0 245.8
12,9 80.3 93,9
181,4' 1*24,6 150.0
01.5 88.0 31*2.0
17.2 89.3 140.«'
9*2,0
0
8.0
*2 2,8 40.8 37,8
42.4 7h/3 n o 8
310.2 183,3 115.9
60,1 45/2 41,7
*27,0 85.0 325.0
65.*2 90.1 5*2,6
19,2 98/2 373.9
I8.y 115.0 108,7
51.7 164.8 107,3
10.1
43.0 81,5
78,0 39.0 0*2.0
18.7 118,0 90,0
24.7 99.7 *9/2
113/2 358.4 120.3
95/2 95.8 107,0
24J.6 2 46,3 914,0
33.1
34.3
84.3
12.7
27.4
55.0
42/2
282,7
11*2/2
49.6
225,0
IB1,0
1*2.4
iO
48,4
19.2
8,4
102.4
13,8
7,9
13.1
70,8
115.0
50/2
38/2
25.7
31/2
31.4
272.0
135.3
00,0
191.0
297.0
05,0
30,3
1(2,1
22.3
40.3
10,0
21.8
io.9
38.2
84,8
125,2
241.0
46/2
50.1
159,0
74/2
529.4
191.0
12*2.9
053.0
462.0
253.0
46.3
462.4
150,3
01.7
230,0
100,9
30.7
45,0
fVoL, L X V Ii,
C H R O N IC L E .
$
‘9
105.0 2,80 7.8
832.5
102.0 1.9H0.O
1.400.2
904.5
471.0
43,4
5S?a,8
1/210 0
18,0
250.0
1,8
9
::::
204,0
83,5
239,9
70.8
1,072,0
557,9
1,193.0
1,855,3
1,070,5
883.5
1,010,2
741/3
2.020.0
1,505.0
1.121.7
2.450.8
1,3-7,4
2,319,9
85.0 1,281.3
1.547.6
182,0 1.320.7
0,7
228,6
44,8
•*90,8
786,0
594,4
2,808,0
2,390.9
09,'& 951.7
75,0 4.178.0
286,0 2.952.0
987.8
100,0
40,2
889,0
90,4 2,235,4
473,8
102,9
455,1
13,3 1,020,0
459,0
3,0
235,3
43.5
127,4
648,0
4.080.3 1S8.1 239.8 539.7 870,8
1,044.4 109,7 72,2 250,3 109,3
1.410,7 65.9 00.0 414.1
844.4 24.9 73 0 155.2 21,7
1.834. * 104,4 23,2 173,7 269,0
790.0 44,0 33.1 04,4 09,1
40<\9 17.7 30.2 09.8
7
W4,t
19.0 25,5 116,0
....
5,335.1
1,889,7
1,357,0
880,9
1,675,1
775,0
473.2
605,2
Th e e x p o rts fr o m th e s e v e ra l se a b o a rd p o rts fo r
he w e e k
e n d in g D e c . 10, 1898. a r e s h o w n In t h e a n n e x e d s t a t e m e n t ;
Oats,
Barley,
Flour,
Pf,(U,
Corn
(Phase.
■Rye,
~
01LSh,
bush.
bujih.
bush.
bble.
Exports /rom- bush.
7.755
60,120
15.292
00.390
Ti'8,768 128.4 42
flew Vork..... 1,37 :ivO
28.' 54
1,120
135.950
0-.644
B o s to n .. . . . . . . 471.602
15.0O7
84.931
38,307
Portland.......
88,200 213.043
r*..
.. . ...-L.85.714
7U .337
48.1V5
Philni1eJphl&.
8.571
100
1,107.450 110,485
Qaliltuore--035
11,100
.Saw Orleans.. 41-4,500 418.873
2.920
254,285
N orfolk... ....
42,615
Nowti’ rt News ' 41.771 171.428
621
90,974
94,954
81.470 98.170
Montr&U
..........
2,288
032,*10 204.510
GnfrpstoD
19,315
COO
03.928
■U. John. N. B. 113/90
Pensacola ... 80,990
.TT7T7T.
rrrr.
B0,000 ‘ ‘sd.ico
M obile______
60,390
1.“280,870 44 9.928 216.547 158,411 150,333
37,858
29,919
1,310 828 488,012 1,0<19.L04 140,240
T h e d e s t in a t io n o f t h e s e e x p o r t s f o r t h e w e e k a n d s i n c e
S e p t e m b e r 1 , 18 0 8 , is as b e l o w .
T7)kal,'
- Floor.--------v
Week Since Sept.
Since Sept.
Week
Week
S(nc<5 Sept.
R x p o rU fo r
W
eek
1. 1808
Dec. 10
Dec. 10. 1. 1898.
1,1863,
\eeek and mice Dec. 10.
bush.
bush,
bUfih.
bush.
bbU.
bbls.
Srpt. 1 to
United Kingdom 310,791 8,304.771 2,820,153 28.092,4^0 1 612.079 21,139,213
28,299,591
2,590,049
7S1.6H3 1,490.- 92 20,707,116
lontluetit........ 46, U5
802
17,893
146.790
39,678
412,117
3. A C. America. 41.132
10,568
833,SO1
vVeat Indies..... 29,793
147,712
18,200
81.246
M'8 l
3r. N. Ain Colo’s
045.425
43.172
15,834
202,429
124,189
itner countries,. 20.2»6
Total
.......
The
v is ib le
T otal 1897....
5,087,857 4,305,757 49.899,125 4,280 870 45.493.7B1
4,176,595 2,067,870 19,542,355 8,310.322 44.730.550
449.928
102.012
s u p p ly
of
g r a in ,
c o m p r is in g
th e
le a . 1 0 , 1898, w a s a s f o l l o w s :
Corn
Oat*
Wheat
* bush.
bush.
1,207,001*
l 2 l l . 00fl
2.881,000
292,000
84.000
Do afloat........ 141.000
40,000
09,000
Albany.... ................
1,640,000
721,000
Buffalo,... ............ . 4 161,000
Milwaukee..............
4,310,000
Barter.
busTt.
301.000
242,000
1,019,U«C
70*6,000
183,000
400,000
3,000
7.000
10,000
Do afloat........
2,331,0*66
Oalnth
Do
afloat..
201,000
Toledo
DO afloat...
Jetroit.................... 121,000
Do
afloat......
........
09,66*0
Montreal.......... .—
Peorta ...................
Indianapolis...........
Kansas City...........
150.000
37.000
795.000
flour.
IDlMt. j Cbm,
hafx
Barley.
V
WAMA&Hb, Bu*\.ik01b» JJujA.56lbt Bu*h.%2.U>» Bush.iSlbs Bu.66 r
a7*,eoi
1,179.6311 1.92l,37o 8,084,513
(S h ew o......
668.938
171.450
17.ICO
7C0.55O
159.250
232.000
477,600
68 8
Dslsth
3,941,910
83,334
9,651
164,755
08.WCS
A *M
lJ4l.tt9|
829,000
250.690
.......
277,97Mj
649,468
44.115
UT»
7 211
97.60S
lM *
O U l o l l ___
146,694
18.2*5
18,920
S2 227
ISAS5I
214,870
*93.91’)]
£3* L it lll
Si.716
415,046
199,600
M 700
101,250
PwrartA ..
516,900
n.*&>
918,0 0
8,16
65,600
Sfflk&M* City
6SI.OOO
800,000
58.000
.........
Total
Total
Total
Total
Total
Deo.
Dee.
Dee.
Dec.
Dec.
0.000
105.000
3,000
* 12,666
96,000
2.000
51.000
19.000
170.000
4.000
1,000
1.000
217.000
758.000
62,000
206.000
25,000
Total# IfciNf. 10...
8.SJ7.7 b},bQ4,0 M JS.t *6*2.9 s.963.3 S,S'4d,S 70.300,7 Baltimore...............
jbJ,37b,0 lo ti.c 4,407.2 S.sSb.4 3,744,1 tx/,497 > Minneapolis .......... 2,548,000
fOUlt i »wj, 3... *** **
ToDkiA Xor. 36... Q/it3,0 /hS37.Q
3.4.'3,] 4,249,1 8,333,* 1,719,4 69,583,<> In Mississippi River.
On Lakes................. 4,09D,666
)n canal and river.,.
B r e a d , t u i r * F i g u r e , K r o u s t t l F r o m P a g e 1 2 7 8 .— T h e
statem ent-H b e lo w a r e p r e p a r e d b y u s f r o m t h e f ig u r e s c o l
le c t e d b y t h e N e w Y o r k P r o d u c e E x c h a n g e .
T h e r e c e ip t s a i
W a s t e r n la k e a n d r i v e r p o r t s f o r t h e w e e k e n d in g D e c . 10, a p d
s in c e A u g , l , f o r e a c h o f t h e la s t t h r e e y e a r s , h a v e b e e r :
51,000
279,0*66
96,000
7,0(0
3t Louis................. 1,620,000
Do
afloat.................... .
Olncmnatl...... ........
....
Boston.............
374,000
Philadelphia............
210.000
20,000
16,000
584,000
Jsiwego*........................
Toronto.......
in
Rye.
bush.
60,000
in stare at—
8ew Y o r k ........ .
Do
afloat.......
2,022,066
;btca«o............. .
Do
afloat......
sto c k s
125,00*6
1,228,000
10, 1898.20,738 C00
3. 1898 21.098.000
11.1897 34,744,000
12, 1890 54.284,000
14, 1895 60.836,000
1,022,000
3.081.000
2.581.000
1.555.000
54,000
43,000
579.000
4,0.000
4.002.000
8,i"38,000
4.889.000
5.493.000
4.475.000
* Oawejto—Last week’s stocks; this week’s not received.
S N S fU *1—
A u c t i o n S a l e s . — A m o n g o t h e r s e c u r it ie s t h e f o l l o w i n g , n o
r e g u l a r l y d e a lt in a t t h e B o a r d , w e r e r e c e n t l y s o ld a t a u c t io n .
B y M essrs. R . V . H a r n e t t & C o :
Shares.
79 Bank o f N ew York, N.
B. A ................... ia S ii-a iO
10 Manhattan Fire Ins. Oo. 95
B y M e s s rs . A d r i a n H . M u l l e r & S o n :
DO
Shares.
7 Bank of the M etropolis.. 4 1 OI4
7 Gallatin Nat. Bank........ 325
85 Pheoix Nat. tank___... 94
|CI7.«s^ 9,899.01a1 4.919,040 4*270,894 1,406,968
853 6 0
54 Merchants’ Nat. B ank ,.1557e
H*ss« wiuV?.
S6L10A
6.000 010 4,666,»0I
4,140.026
970,080
197.52*
2 0 Mechanics’ Nat. Bank...190J3
9,816JD3 2,^04,615 8.476,016 1,090.671
flfcSB* Wtf.’WS
817.399
*is Manhattan Co. Bank___232%
IM k * A »«. 1
400 Dea lweed Terra. M ining
8.719.&0* 165.491,77.7 00.461.306 71,948.579 22.850.P7S 5.039/233
Oo., $25 e a c h ......75c. p. sh.
4.4 W,t“ 4 iS2.5«.i o.'ta 10*^696^588 83.646.0t | 20,791,320 6,188 '.'v S 150 Frisco Mining
Smelt
imn..n******
ing Co., $25 each......... $7 lot
i W i « « IO7.7T4.06U 6 M 1- 929 77,970 JI93 89.043.916 4,063,300
500 Osceola Placer Min’ g Co.
prof, scrip, series “ A ” .$12 lot
T h e r e c e ip t s o f H o u r a n d g r a i n a t t h e s e a b o a r d p o r t s f o r t i e
50 Greenwich Tub. Co ......... 165
w e e k e n d e d D e c , 1 0 . 18 8 0 . f o l l o w :
25 Joseph LadueGold Min’ g
& Devclnpm’ t Co. prof.,
ftayt,
iPfcA4t(
(MfR,
Uofi,
Barley,
$10 each ......... $6 50 p. all.
bbit.
ftlMlI.
iu ii.
c-ufrt.
6uj6.
?*«rwY<yf*.......... .. p •.ww 2,?<?a.s>bo )k5il(tOO <90,900
10 Trow Directory Prin tin g
r.7
/
2
7
5
8ea»i/-,n..............
to H.HI 0f.U.317 ♦aH,7r.« 85P.AI8
St Bookbinding Co.. ... 4.8hj
.....
A.nbjt
6/Od
3,400
Evening Post Pub. Co.$4.300
iEkUl
►>.4*» tU'.ltiW iifo.S'ft
94*961
5P,60n 2501 Dopow
12
jib’d
Imp. Co ............ 25
. .... ..
4 1,09S..3»P 85.863 «,020 73.000 300 Bteol Tired
Wheel, com. 21
, a,woi
•',670
6
W-«^
85,492
ff «'*r
.......
20 Holland Trust Oo......... 50%
p ,l*» SP4/C& 522.667
;,*■**....
4fAl*
S.S.jfl
41*174
...
t»rkf4,i*tv0
. .
f*'Srr.*AF---'iV
§«L
Jf. B ,„„
la roc
fi,* wn
t*.' (kX)
111,796
Kwl: U:...........
W-rmHati.........
171*488
*®
66
287.000
SO,
813/43
73,000
84*931
Shares.
|150 Chatham Nat. Bank...... 308
I 125 Merchants’ Nat. Bank...ir>51a
|200 Mechanics' Nat. B a n k ...187%
Shares.
10 L aw yers’ T itle tns, O o .- lG l1*
30 ITanover Nat. B ank.. 520-526
1 M out’ k Steamh. Co., $50.$26
20 N. Y. Prod. Exoli. Bank.. il9
100 Ohio Central HR. Co. (old
stock)........................... $1 lot
Bonds.
$10,000 AtL & Pac. HR. Co.
(W eb ern D iv.) incom e.. .$11 lot
$1.1,567 Union El. HR. 2(1 M.
ino. (Cent. Trust Co. oerts.)
assessment p aid ................. 48 ®a
$500 N. Y. & Rooka. RR. 1st
7s, 1901, A A O ................... 95%
$5,000 42d St. Manbat. <fc St.
Nicli. RR. 2d M. incom e.... 8%
$2,500 South Brooklyn Dock
& Wareh, Oo. le t 6s, May,
1891, cou p, on (cert,of dep.) 401s
$4,000 St, Lon. Ohio. & St. P.
RR. Co. 2d 6 b , non-cam ill.
ino., 1 9 2 7 ......................... 4
Banking unit ^financial.
Spencer Trask & Co.,
4A*5,661 1,l*u s>i5
324 H-ln
8.44J.JSl .816.718 247,705 8H2.29fl
BANKERS,
H&**ovA* 4f» not IndUdf truk-'O 0<M
*k♦tg ibtoUtfh Now or ‘oars for for«»irn 27 At 29 P I N E S T R E E T ,
NEW YORK*
prrtA ns
ft||(frtf
65 State Street, Albany,
Total rooH pta fit portii frota Jan. 1 a Das. 10 compare a.
_______
IN V E S T M E N T S E C U R IT IE S follow * for fo t if yearn:
IHM
1896
1^96,
G
eorge B a r c l a y M o f fa t ,
A l e x a n d e r M. W h it e , J r.
ti
11.711,749
16*32^.430
Wfe.»4,‘.
.t3ll|,} JUJR2S.9f%‘t
M
o
f
f
a
t
&
W
h i t e ,
6
0
0
5
7
52
0
47,900.0*7
"
>u« /vj
Cr-r*,
83 3H5*803
pft/66.941
54,599. 09
hmi*
90,876,2 7
70’*7n 017
41,9
'4.632
* » *' *y
...
S *U81i
BANKERS,
L G ^ (:2i.
12*833*
4,J«^.960
i*r«11,157/42
5.914
669.089 N o . i N A S S A U S T R E E T ,
.
.
.
NEW YORK.
srti^a ,** ” *3*tUX„1S5s5
243.151 Tst
IN V E S T M E N T S E C U R IT IE S .
TH E
D ece m b er 17, 1898.J
1245
C H R O N IC L E .
grain for payment, 4 81(34 81%; cotton for payment, 4 80%@
4 80*4; cotton for acceptance, 4 81@4 81%.
Posted rates of leading bankers follow:
3 B a u k je r s ? ( S a m i t e .
D I V I D E !f D 8 .
Dec. 16
Name o f Company.
Per
When
Cent. 1Payable.
R a i l r o a d * (S te u c a .)
Feb.
Chic. R. T. & Pao. (quar.)........... .
•Tan.
1
Keokuk & Wusiern.....................I
Jan.
1
Manhattan (quar.)......................
Minueap. & St. Louis, 1st pref.
Jan.
“
“
2d pref___
2
Dec.
N. Y. N. H. & Hartford (quar.)..
Feb.
1
Northern Pacific com.................
Jan.
2
Oregon R R. & Nav. p ref............
Rio Grande Western pref. (quar.)
% Feb.
1
*•
*‘
(extra)
Southwestern of G eorgia............
21* Jan.
s tr e e t R a i l w a y * .
Hes. M. <fc FaiPtPass. Phila. com.
2
. ...
3
**
“
“
pref.
R an k*.
4
Dec.
Bedford (Brooklyn)....................
Fifth Avenue (quar.)..................
Jan.
“
(e x tra ).................. 2?
iJan.
3
H am ilton....................................
T r u s t C o m p a n ie s .
Franklin. Brooklyn, (quar.).......
2% [Jan.
6
Jan.
Guaranty....................................
Jan.
Knickerbocker............................
313
4
Jan.
Real Estate.................................j
* Il* c e lIa n e o u a .
1
Jan
American Caramel pref. (quar.).
Am erican M alting pref. (quar.)..
1*4 [jan.
Dec.
Celluloid Co. (quar.)................... i
14
Exploration Syndicate (quar.).-.j $2 50 D^c.
Jan.
International B ell Telephone—
6
Mergenthaler Linotype fquar.) .
2%z) |Dec.
2V s
"
“
(extra)..
i
Jan.
Philadelphia Company (quar.)...
2
Jan.
P. L o n lla ri pref (quar.)............
Jan.
Texas & Pacific Coal (quar.)....... .
1%
Jan.
Union Ferry (quar.) ..................
United States Oil (quar.)............
un Jan.
Western Uuiou Telegraph (quar.)
1*4 Jan.
Westinghouse A ir Brake (quar.)
“
“
(extra).. i S S i Jan.
1% •Jan.
Weatingh’se Elec. A Man.x>f.(qr.)
Books closed.
(Days inclusive.)
1 ;Jec.
3 Dec.
3 Dec.
14 Jan.
31 Deo.
3 Jan.
3 Dee.
5 Deo.
31 Dec.
3 Dee.
3 Dec.
3 Dec.
:•* Deo.
1 Dec.
3 Dec.
16
31
3)
4
31
10
1
20
2
3
16
10
8
31
25
17
1
18
12
*20
to
to
to
to
to
to
to
Jan. 8
Jan. 2
Jan. 3
Jan. 15
Dec. 20
Jan. 22
Jan. 3
Capital...............
Loan8 A diso’nts.
Circulation.........
Set deposits.......
Specie......... .......
Legal tenders___
Reserve held......
Legal reserve___
Surplus reserve
$
$
58,272,700
.............
75,911,300
.............
702,309,3001 Inc. 4,561,900
16.385,300)Deo.
53,9o0
796,788,000;Inc. 7,262,200
161,066,500,Ino 2,604,200
54,873,800jDeo. 1,143,300
213,940,30o!lno.1,460,900
199,197,000 Ino. 1,815,550
16,743,300 Dec.
354.650
4 82%j
4 85V ® 4 86
4 81
81%
4 80%/2>4 81%
524
5 24V 5 2113jg®2178
3978^ 3 9 ^ i ,;
40 ®4tJl,g
Frankfort or Bremen (relchmarks) b’kers 94%'a>943J6
94t3,6a94Vg
24
22
21
20
to
to
to
to
Jan.
Jan.
Jan.
Jan.
2
2
2
2
to Jan.
to ---to Jan.
to Jan.
to Jan.
to Jan.
to Jan.
to Jan
to Jau.
to Jan.
to Jan.
to Jan
to Jan.
15
The following were the rates of domestic exchange on
Sew York at the under-mentioned oities to-day: Savannah,
buying 1-16 discount, selling 75c. per $1,000 premium; Charles
ton buying 1-16 discount, selling 1 16 premium; New Orleans,
>0
bank, par; commercial, $1 discount; Chicago, 15c. per $1,000
18 to Jan. 5 premium ; St,. Louis, par.
United States Bonds.—Sales of Government bonds at the
Board include $35,000 4s. coup., 1925, at 128% to 128%; $10,29 to Jan. 4 000 4s, reg.. 1925, at 127% ; $63,100 4s, reg., 1907, a t 'l l l % t o
111%; $500 3s. reg., at 106%; $303,200 3s, coup., at 106 to 106%
22 to Jan. 2
and $9,380 ditto (small bonds) at 105% to 100%. The follow
15 to Jan. 2 ing are the daily closing quotations: f o r y e a rly ra n g e see
Jan. 6
. i
Dec. 25
Dec. 25
Deo. 18
Jan. 1
Dec. 25
Jan. 2
Dtc. 21
Dec 25
Deo. 21
Jan. 1
Dec. 25
2
4
2
10
2
20
2
2
2
10
3
The Money Market and Financial Situation.—Excep
tional activity has been the conspicuous feature in Stock Ex
change circles this week. The volume of business in rail
way bonds has rarely, if ever, been exceeded, and it was reported early in the week, when the transactions amounted
to about |8,500,000 par value per day, that they included the
largest number of issues ever transferred in a single day dur
ing the history of the Exchange However this may be, tbe
business in both bonds and stocks was well distributed, in
cluding many issues not recently active. At the same time
it is interesting to note that the business in Government
bonds has fallen much below the average of the last few
months.
Stocks with an international market have been among the
most active on the list, and reports from London indicate a
larger interest in American securities than has existed of
late at that centre. The Government statement, given out
yesterday, o lour foreign trade for November oontains some
interesting and significant facts, showing, as it does, an un
precedented balance in favor of this country. Notwith
standing this large and increasing balance the foreign ex
change market has continued fairly steady through the
week, with a firmer tendency towards the close. There are
some indications of an easier money market, chiefly pros
pective, however, and not likely to be realized until after the
Jan. 1st disbursements, if at all.
The open market rates for call loans on the Stock Exchange
daring the week on stock and bond collaterals have ranged
from 2 to 3 per cent. To day’s rates on call were 2 to 2 %
per cent. Prime commercial paper quoted 3 to 4 per cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £261,864, and the percentage
of reserve to liabilities was 50-40, against 50-60 last week; the
discount rate remains unchanged at 4 per cent. The Bank of
France shows a decrease of 2,425,000 francs in gold and
2,325,000 francs in silver.
The New York City Clearing-House banks in their state
ment of Dec. 10 showed an increase in the reserve held of
$1,460,900 and a surplus over the required reserve of $16,743,300, against $17,097,950 the previous week.
Differ en’sfr’m
Prev. week.
De'mand.
Prime bankers" sterling biUs on London.
W A L L S T R E E T , F R I D A Y . DEC. 16, 1S9& .-3 P. M .
1898.
Dec. 10.
Sixty days.
1897.
Dec. 11.
1896.
Dec. 12
$
58,522,700
73,810,900
607,725,300
15,854,200
675.169.900
103.879.900
83,800,000
187,67 9,900
168,792,475
$
60.772.700
73.748.700
483,503,500
19,841,300
516,605,000
76,648,100
84,109,500
180,757,600
129,151,250
18,887,425
31.606.350
Foreign Exchange.—No new feature has developed in the
market for foreign exchange, and rates continue steady.
To-day’s actual rates of exchange were as follows : Bankers’
sixty days’ sterling, 4 8 l% ® 4 81%; demand, 4 8 4 % @ 4 8 4 % ;
cables, 4 85(34 85%; prime commercial, sixty days, 4 81@
4 81*4; documentary commercial, sixty days, 4 80%@4 8 1 % ;
seventh p a g e fa llo w in g .
Interest
Periods.
Dec.
10.
Dec
12
Dec.
13.
Dec.
14
Dec.
15.
Dec.
16.
2s,.....................reg. Q. -Mcti.
9938i* 99 V 1* 9 9 V * 99%j r 9P%> 99is
3s, 1918...........reg. Q -Fob. l i »6 *106 * 10 6 18 ‘ 1061s i06% 1063s
3s, 1918......... coup. Q.- Feb. 106ib 1061b' 106% IO 6 I4 106% 1063s
3b. 1918, BmaU.reg. Q .-Fel».
3s, 1918,8tnall.-C’p.!Q .-Feb. 106 V 105 V 105V 106
105is io e "
48,1907.......... reg.JQ.-Jan. 111 V *11138 lllis 111V lllis n i l s
4s, 19u7......... coup. Q .-Jan. 112V'112% '11250 *11258 112% 112%
18.1925 ...... reg. !Q .-Feb.
127% 12778 ‘1277b * 127 7g *1277g 128
48.1925 ..... coup. Q .-Feb. 12770/1277e 128% *128
128 128%
58,1904 .......... reg. Q .-F eb .r 1123e|*ii23b T12is *112is 112is 112is
5s, 1904......... coup. Q .-Feb . ’ 1121s *112%! 112is "1121s 112%. 112V
6s, enr,oy,’99.. .reg. jj. <fe J. 1102% "102% 109% '102% 102% 102%
4s, (Cher.) 1899.reg.i March. ‘ 102V*102% 102is *102is 102is 102ia
*This Is the -.)rioe bid at the morning board; no sate was made.
State and Railroad Bonds.—Sales of State bonds at the
Board include $309,Oi OVirginia fund. debt 2-3s of 1991 at 81
to 83 and $70,000 6s def. trust receipts, stamped, at 7% to 7 % .
A glance at the subjoined table shows how extensive were
the daily transactions in railway bonds. A notable feature
of the market was the absence of high-grade issues, and in
this respect this market presents a marked contrast with the
market for stocks. The market was generally strong, but not
in many cases is the advance more than fractional, and a few
issues are quoted lower than last week.
Stock and Bond Sales.—The fr owing shows the volume
of business in stocks and boads on the New York Stock
Exchange for the past week and sine ? January 1.
Sales
r - Week ending Dec. 18.—. .------ Jan. 1 lo Dec. 10.-----N. Y. Stock Exch.
1898.
1897.
1898.
1897.
Qovernmentbondfl
*421.180
*27,700
*23,811,500
*0,870,450
S78.000
71,400
3.532,200
1,032,300
Slate bonds.........
RK. & mlsc. bonds.
39,680,100 14,806,000
842,260,310
514,920,810
Total............. *40,480,160
*11,905,100 *869,116,010 *526,832,TeO
Stocks—No. shares
4,466,117
2,' 39,900
105,249,710
75,096,728
Par value....*486,681,830 *188,911,100*10,103,232,476 *7,200.288,650
Ban kshares, par vaL
$1,000
$1,500
*196,035
$349,590
We add the following daily record of the transactions:
Week ending .---------Stocks---------- Railroad, Ac.
Dec. 16, 1898. Shares.
P a r value.
Bonds.
Saturday...........
405,162 $39,552,450 $3,888,000
Monday............
89^,171
8,409,000
87,060,350
Tuesday............
920,084
90,027,400
8,273,500
Wednesday.......
HI-8,896
78,892,950
5,818,500
71,1 17,000
Thursday..........
788,881
5,102,000
8,189,000
Friday............... 702,023
09,421,800
Total........
State
Bonds.
$53,000
153,0u0
08,000
81,000
42,000
a. *
Bonds.
$53,800
73,700
101,900
67,980
42,000
21,800
4.400.117 $430,631,850 $39,680,000 $379,000 $421,180
The sales on the Boston and Philadelphia Exchanges were :
,
—
—
Listed
shares.
Saturday. ,.87,673
Monday ....96,278
Tuesday ...98,744
Wed nesd’y. 70,957
Thursday...71,263
Friday..... ,45,000
Total....410,915
— Boston.Unlisted
Bond
shares.
sales.
13,384
$157,700
20,933
213,150
24,444
319.600
123,600
22,433
15,609
154,075
8,000
105,000
124,853
1,073.725
Listed
shares.
19,237
24,480
48,007
43,264
29,178
18,556
182.777
Philadciph ia.------Unlisted
Bond
sales.
shares.
22,715
$145,250
39,703
354,300
33,708
242,075
45,183
93,650
30,245
109,400
21,533
118,900_
202,097
1,123,575
Railroad and Miscellaneous Stocks.—There are few ex
ceptions to the general tendency of the stock market, and
all classes of stocks have, with more or less irregularity,
advanced to a higher level. This movement has been most
pronounced in the high-grade investment shares, including,
besides several preferred issues, New York Central, Lake
Shore, Pennsylvania, North West., Illinois Central, Pullman’s
Palace Car, and others, nearly all of which have recorded
their highest quotations in recent years. Among the special
features is Lake Shore, which, on limited transactions, ad
vanced 20 points, and has held a larae part of the gain. A t
chison preferred was conspicuous for activity, the transac
tions in it amounting to about 130,000 shares on Monday and
nearly as much on Tuesday. Missouri Pacific advanced
sharply on a report, afterwards denied, that the manage
ment of the company had secured control of the Chicago
& Alton. The anthracite coal stocks made about the aver
age advance. Local traction shares were dull and weak.
The miscellaneous list was irregular. Pullman’s Palace
Car advanced 11 points, a part of which it has lost, Ameri
can Sugar Refining, after fluctuating over a range of 11
points, closes with a net loss of 9% points. American
Tobacco covered a range of 6 points. Federal Steel common
and preferred advanced 6% and 3 points respectively.
L2 10
'UK
I 'l l
RON ICLE.—STOCK PRICES (2 pages) P
a g b
—
t*t€- VI.
t**, 10.
L X Y IU
13
galtx Range f o r year 1898. ft Range f o r p retio f the On basis o f roo-sh' re lots | ou t year f1897^.
STOCKS.
iftdrtrtiiay
free 14-
K a llr o a d S to c k * .
A Susquehanna,
A lbany
•200
19%
?%
?a%
90%
* •i9k
7* 7i
4bft 48k 7k
8*
i0*6*
16* 18k
1««* 05^
!I*
•2%
•9k
**%
•O
k
14* 14k 37k
14k
14k 38k
i9k •i8k
38k
08 83
18
Lowest.
1183 Jan
11 Apr
34 Jan
,3 6 1 lOkApr
,406 22%Mar
,578 112* Jan
,025 31 Oct
,350 68 Oct
,10 4k Nov
*105 Mar
34%8ep
»,106 35 Mar
04 V 25 Mar
850 62 May
14 185 Mar
72 Apr
,13'
44kMar
,935 83%Oct
,88.* 11 Apr
,33V 17kMar
,401 5150 Mar
1180 Mar
2V6 85%Mar
,08
49 Apr
,705 102 Jan
,5 Jt
9k Feb
86’ 71kJ’ly
009 28 Mar
00 20 Apr
10 7 Feb
140 23 Apr
,192 83kApr
024 140 Apr
,057 1ISHMar
590 163 Jan
,16'
80 Mar
520 05 Mar
935 5148 Jan
24(J
4kJan
30 ( 22k Jan
,209 25 Mar
307 77kMar
,070 llk M a r
,700 43 Nov
170 J’ne
700
5%J’ne
750 14 J’ne
100 0%Nov
447 43-kNov
170 14k Nov
2kNov
531
024 12kDec
030 93 Nov
335 140 Oct
415 10 Apr
120 40 Apr
S^Apr
425
300
2^Aug
300
5 Apr
400 11 Apr
057 20k Apr
45) 15%Apr
359 22 May
904 40 Jan
300 10 Mar
100 36 Aug
051 115 Nov
207 10 May
323 tl22 J’ly
530 Jan
3 40k J’ne
5*%53
•34* 8%
18
F linD ot A P e r e Marquette..
pref
. A Den. C.,stamped.
to ’ am" 25 28
siii aai* 24* 25
20k •2’«ik 25 F t. W
W orth A R io G ran de..
15% *0
17 17 17% 17% •16 20 •16 20 117k 17k F t, reat
orth ern , p r e f....
*7* Ifif. !J*H HO^< 139* 140 139%139% 1 3 9 * 130k! 139 139
G reen NBay
A W e s te rn ...
♦35 ..... •35 ........ *35
D o debt certfs. “ A ” .
50
5Q
50
50
Do debt certfs. " B " .
e* " e*
7 .,S
iy
8
k
6
k
«
k
0,» 114 iukI ii2u 114k lllnols C e n tra l.............. 34 115
415 96 Apr
la iij% 112%it5% 114 115*
594 Feb
leased line, 4 p. c.
01%108 ♦101%102 •101% 102 •101% 102 ►
101%100 M00 102 IoAw aD oCentral....................
.
?kMar
470
9% 30% 10% io% 10 10 10 10k 10k 10k
20 25 Apr
Do
p r e f.
86 39 3T* 37H 37 87
37
3
»'H I'n
5%Oct
250
•6
8
k K anawha A M ich iga n ...
*% •0
*k| •8
0% eH 0% 1«%
*»
"H
an. City Pitts. A G u lf.. 11,,89 9 15 Apr
18
17
IF* IHt 17% 19 17% 18
l « k 17
100 3 Jan
*a A
•4% 5 •4
4 4 ♦4% 5
•4
5 Keokuk A Des Moluea......
10c 15 May
Do
pref.
It 16
•15% 16% •15% 16% •15 160 I •15 18
Keokuk
A
W
estern
.........
30 J’ne
•2
9
%
3
2
•
2
0
k
32
.
|
♦2
9
%
8
3
•*V
%
S
2
32
»H
•29k
100 2 May
*2 3*
5
•a
5 ♦..... 4
s
a
4 K in gston A P em b ro k e..,.
714 12 Oct
hh m» H% 14%
»«% 15% 15 15
18k
1 5 * 18k T ake E rie A IV ostern ....
pref
930 53 Oct
04 fli l»4% 04% 03* 03% 64 67 I 6<k 68k A j D o
300 170kJan
187 197 300 315 808 S:08 i*80Ok 210 L a ke 3h. A Mich. South...
•195
4# a* •A* 52 *i« 52 •4H 52
40 Jan
50
*48
50 L o n g Island............ ........
003 44 Apr
6% 64% 04 64% 64%.60% 04% 64*
o ik
« i k 5*476 L o u is ville A N a s h v ille ....
Y'4 JOi) 99% 100% 99% 10b* 98* 99* 99 99k x9?k 98k M anhattan Kiev.,consol,
829 90 Oct
etropolltan S treet......
903 125kMar
*■1 1>4 193 i94% 191 194 19! 192% 190 102 101 103
M exican Centra).
WkI
006
4k J’ne
7
7% •■-<< "
•6k 876 M
exican N a t’l .tr. roots...
%Dec
705
•1 1* Mlchlgan
1% •1
i% 1% M
C entral..............
500 99k-Mar
n»K 111 U 6
119
525 24 Mar
*01,
1* i 26% »*% ■**H •28% 39
98k 3 0 * Minneapolis A St, L o u is ...
»!% Ofl IW5 05 •9§ 96 *95% 90
Do
1st pref.
278 84 May
03
08
Do
2d pref.
410 40 Mar
05% 02%
64
85
«n 63 63
10 iMUm. 8t» P. A 8. 8. Marie.
6k Mar
l 0U [M o. Kansas A T e x a s ........
305 10 Apr
1114 1»% lt% 18% 12% 12%
11% n
150 28%Mar
*7H te
80% 80 38% 30% 87%
SSUi
Do
pref.
4 5 k Missouri Paclflo............
104 22 Mar
4t% 14% 42* 4*% 43% 46%
41 ts
31 M o b ile A O h lo ..................
030 24 Nov
•1 21% SO% 30%
10
Vik'
...... Morris A Essex,
1187kJan
80 J’ne
ash. Chat. A St. Louis..
Y. Central A Hudson..
270 105 Mar
038 ll^ M a r
1 * ! N. Y . Chicago A St. Louis.
Do
1st pref
73 Feb
Do
2d prof
28 Mar
Now York A H a rlem . . . . . .
5320 Jan
1120 Apr
N Y. Lack. A W estern —
5178kJan
N. Y. Now H a ven A H a rt
N. Y. Ontario A W estern ,.
492 13*Apr
01.) Nov
N orfolk A Southern.
N o rfolk A W e s t e r n .,......
2,
llk A p r
N
119%l *0* ilo% 180% iVi* it«**
12% 14% l *% 14* ^1*% 14%
*in *?« *6% 34% 30% 38%
: v-• , t ■■ 8'JO 991 1100** *0f*1
10% 1*% ^l#% 18%
16% 17
1®% 14%
59 59% 4>* 59* ]
•H
4♦* 4t% 41% 42%)
U 41% 41 % 41% 7
4
%
77*
7
6% 77*
75%’
70% 77%
iJH
O U T S I D E S E C U R I T I E S (Grv
IBMHMflc 9t * f a ) r
i n aa-vi
. JtkJ
l w *v A
1ct m*x\i s>« l e t A ..J A D
4 J& J
Oats ft# » 4 * —4 *4
W wa y 3 ei f ‘
jr; -1 9 2 *
M H
J*k>5
** rvT* :?Ol- f
»~4t<rx£
If* M «.
MAN
1
1
f t IfCri. .... 2A D
BM.
1
000
1,100
» !.« »• •
i i r * o i R a il w « r «
4
Do
pref. 241,923 42k Mar
Nor. Pac. fly,, vot. tr. ctfs. 119,1,073 19 Feb
45.H10I 50kMar
Do
oref
TlMNMI 1NT
AT
pnor
109 shares.
op
* Bx div and rights.
T o o N S K G U T tv E
pa o e s
H trc e t H a flw a y a .
B t r e r l R w llw a v * .
Bid. 1Ask. 1
Q jrts^'p’ r A 10th Hn-SU>ck 170
Ninth A ven u e—B lock ---CoiA 9th A ve 5w-St* Stock Exch 1st.
Second A ven u e—S tock.,.
•V
1si mnrt 5s 1909. .M A N
104
Dry D 8 B A Bat— B lock..
185
tho
I r i gold 5* 1932...J& D m i x l i 7
Consol. 5s, 1948,..F & A
I I 04
105 | Scrip 5* 1915........F A A
103% Sixth A ven u e—S tock.---, 4
Sou B o ttler 5s 1945 . J&J
In j
355
R lf> . | t i t
t^ rlp 6 * 1914................ 108
So F er st 5» 191 9..A A O
115
117
4id A Gr 9t f a r —Stock..
360
! Th ird A ven u e—See Stock
3S0
i A'iA &i Man A Bt N A t « .
i 28th A 29th Sts 1st 5». .’ 90
76
? «H
) irt. m ort P* 1910 .MAS U S H 117% 1Twenty-TTiIrd 8t—Stock.
1118
*d Income
1915. JAJ
I>eb 5, 1906........... JAJ
67Mi Mft
1ad
1ft*
U r A vA P » v T 5»- *Ua.BU
j Union R ailw ay—S to c k ...
1st.
%ri i i
tit
1 M6429p>o11t4tH—
Block Kreh 1 1*1,
1 Union R y 1st 5a ’42.F& A
A fA ]
,5
1
101
1
1
1
1
w eek. j -----------— -— — ---------- ‘ — — - — ——
Shares
^ • n n A rb o r......................
15
•14
•14 15 *14 15 •14 15
Do
prof
38
1*7* 9W •33 39
3S A tch. Topeka A Santa F c
$9 f-V •IS
1
6
%
»7%
10
1
9
%
1SV*
UK*
Do
pref
51H
6 *
47% 2-o% 50* 59% 2‘
O a l L * 0.,tr.r«>c.aU Ina.pd
®f‘'t 00 ei%
1 0 0 * 6 1 * O d *> now, when Issued
<5% 45% 45% 46% 46% 47% 74 %
Do prof., when issued.
74% 75i^ 75% 76 75 75%
75
70
S alt. A. O. Southw., pro!.
*0% 7% ?% 7% 0*
7 %
7 « BosL A N . Y . A ir L.. prof
•toe
*106%...... •100% .... 10
MOOT*
Brooklyn El oval,, tr. roc.
t\ •it 25% •24% 2-6 ♦aa 9?
§* id-H 124 &
Brooklyn Hapld T r a n s it..
74% 73% 79% 73% 72% 73 32 73
74% Buffalo Boob. A Pittsburg
31
131
- 1Hi **%
Do
pref
•AS 75 73 73%
| 74% 74-M Bari. Cedar Rapids A No.
►
r*
r-W **.5 ..... *£5
/"Canadian
P
a
c
ific
........
*85
*»* 85% •45% 86% •84% 80
S0H v^anada Southern...........
54 55*
50
m * s-m 54% 54% 54% 55
95
Central o f N ew J ersey ,...
94% 95% I.-5U PO 95% 96W 94%
* ........ « 5 4 Contra! P a c ific .................
35
37
54%4 SA%i, 94% 35 U 31% 84% 35 95U 35i a a ij M.-H Chesapeake A O h io ...........
•J5% *te% 25% 24% at% 25* 167 *109 1
35%
l-Sk 4^
A A lt o n ...............
** 16A*
1®*%197 107 167* ►175 ____ 107^ 109* Chicago
I>o
prof
•175 .....
♦175
Chicago Burl. A Q u in cy...
to* ivi* 131%til 121%122% 121%131* 13LHI22v 121% 19 ’ M Chicago
A
East.
Illin
o is ...
5pu e*>% *59% e0 IMh 58* ] U ^ 119
56% 57
Do
pref.
•no 111
•n o
in k
iH sit* 111*119
Great W estern ...
\
15 14% 15% 14* 16% M W 15> 14% 15% Chicago
Do
4
p.a.
debentures.
S3% S4H
si h as* 81% 8114 Sl*i 83 82 82%
D o 5 p .c.p ref. “ A ' \ .
52 53%|
52% b . i*
*3% 54%
Do 4p.o. pref. “ B " . .
30%
30% 3"%
>--H 3K*H SO* 31% •98% 30% •i*H S<|H,
Chic. IntJIanap. A L o tila v..
•8
*7% S ‘ 7% H
8«
Do
pref.
30
H4% 3i %
»3aH 38* 110% 117*4
33
32
110%1174* 115%110%
110% 11TW Chicago M ilw. A St. P a u l..
Do
pref.
106 \06% 105* 165* l OBii 10544
HU 161*
I10SJ* 105% Chicago A N orth Western.
l M 14274 u i k
158% thv iSpb t4d% 139* 143 U
Do
pref.
188H •188
"H?% liSS% 18 S * H0?<
190
109% u o-K Chicago Rock Ial. A P a c ..
110%117% tid* um
iw$t lo«*
Chic. St. P. Minn.
91% 9 4
Do
pref.
jf 0H i?J 170
•169 175
Chic. Term inal T ra n s fe r..
7% ?% ■7% 9
8% SH
Do
pref.
S3* 34% 34 34 134*4 34 H
Clev. Cin. Chic. A St. L . . ..
44*4 447* ■ w
».i% 44% 43% 44* 95
43% 44
*ik
Do
pref.
95
S>t ■}4 fi>5 05 104%
Clev. Lorain A W heeling..
15% 15% 15* 16* *15%
■$■% 15%
1 6 * 15%
Do
pref.
•44* 15745%, 45
Id 45 4?* 441* 44% 40% 45% 45% •172
453,
Cleveland A Pittsb.. guar.
•172 ......
1*172
Mid., vo t. tr. ctfs.
*
#
H 7% ’ 7*
7* 7% 17
H Colorado
Do pref. vot. tr. ctfs.
9 * 20
t-o *0
SO 20 20 80% 19% 20
2
0
k Col. A Sou. (w hen issued).
7%]
•OH
*%
•6 k
Do
1st pref. (w . l ).
48*41
4m 50 48* 49
**H
8k
Do
2d p ref. (w. I . ) .
8*41•18% 418k
IS * 1
la* IS» 19% 18* 18*
Col. H ockin g V al. A T o L ..
4
*
3H
.Y8*1 ia M%
3H
Do
pref.
13% 13% 15 1
it 4 )4
1Cfi 107% 107 107 107 107% 100%107
1 0 6 * D elaw are A H u dson ......
el.
Laak.
A
W
es
te
rn ...
149
*
I
M
S
*
E7
1
4
9
%
U9*
1
0
0
1
5
0
1«V% 150
151k 151k D en ver A R io Grande. ...
15* 15* 18* 16*
1054
D
o
pref.
04% 64* »3« IH* 01
85fc
Des M oines A F t. D o d g e ..
17% )H% ♦17% 18% 1JH 1IH 17 17 •17
Shore A A t l . . . . . .
3*
•H -H •-H
3*
8J4 DuLD So.
pref.
7 7
♦6% 7%
7%
AH E r i e .o.
IS* 14 35% 1»% 14% •!«% H% 14*
Do
1st p r e f.
avvt 37* 38% 3 7 * 38k
37
Do
2d pref.
1U 19 •1*% 19 1©H
i7H 1
19k
88i. 32% 35% 35 36k
30 Evanav. A T e r re H a u te ..
81% 81%
Do
pref
64% 64 68 05 66 •05 00 •05 70
it
( V o * '-
New York Stock Exchange-A Daily, Weekly and Yearly Record.
S t a f f SET A!TO LOWEST S A L S PRIOB3.
54 i«
X.
).—
Highest.
■—
\ Lowest. Highest.
‘ipis.
Feb 3 170 Feb
15 Feb 8
9 Jan.
40WFeb 7 2 2 H A p r 40 Auj
19kDec 13
9% Apr 17 Bep.
cakDec u 17 A p r 35kSep
81* Dec 16
9 J ’ly
S lk S e p .
47*Deo 10
70 Dec 13
7*Feb 3
9%8ep,
100-HOct 19
106 Oct.
23kAug 22
SkO ct*
74%D00 10
87HDe9
34 Sep 7
31 Dec
76k8ep 7
6 0k D eo
589 Dee 12
70 Aug
OOkJaa 20
82 Deo
58 Dec 10
62 k Sep.
98kJau
103k Jan*
87*Dto 1
18 Sep.
28k r>e- l
27kAug
10094Dec 170 Mar
S17?%Dec 5
.7 5 k N 0 V
123%Dec 16
102k 8ep.
06 J'ne
61 Sep.
113k Feb .
103 Sep.
18 Aug 22
20% Aug
84kDec 16
75 Dec
54 Dec 18
43 Bep.
32 Nov 16
33k9op.
11 J’ly 27
13 A n *
3 8 * Sep.
38kJ‘iy 27
L173s Dec 13
102 Bep.
106kDec 13
140 Bep.
143k Doc 16
13 2k Set
191kNov 16
1C5k S et
lllk D e c 12
97*061
94 Dec 16
89% Sep.
170 Nov 17
ISGkDoc
0%Mar 3
37kAug 29
47k Aug 16 2 1 k J 'n e 41k8ep
95 Dec 8 63 J’ ne 86kB©P
19kJan 12
5S kS ep 8 39 Nov 49kDec
1174 Aug 8 181 Apr 108k8ep
SkSep 6
20kDec 13
8k Dec l
50 Dec 13
20 Dec S
8kFeb 10
lk A p r 18 Jsl
25 Feb 9 14 Aug 46 Jan
114k Feb 8 99%Apr 123 Sep
159 Fob 5 140k May 164 Ang
16%Dec 15
9HApr 14* Aug
06 Deo 16 30 Apr S O kA ug
20 J’ne UJ
7 Apr
3 Sep 20
8 Apr
8%Aug 23
5 Dec lOkAug
l-GkFeb 4 llk A p r 19 Bep
43-kFeb 11 27 Apr 46*Sep
SlkFeb 11 15k May 28^An«:
39 Deo 10 20 J’ne 34 Bep
70 Sep 24 28 Aug 48 Bep
18k Nov 28
7 J’ne 14k Aug
49 Nov 22 30 Mar 4ft Oct
28 Mar 5
7kJ’ly 20 8ep
17kDec 13 12 Nov 20*Sep
180 J’ne 30 120 Jan 141 Bep
S2kFeb 24 2 7 k A p r 40 Aug
50kNov 26 50 Dec 50 Deo
9 Aug
7kDeo 8
Sk'Deo
HS^Dec IS 91kApr 110* Aug
si 01 Nov 18 88 Jan 97 Aug
0 Apr 18kS©P
lOkAug 22
39 Deo 12 23 J’ne 41*8ep
9*Aug
4 J’ne
0kFeb 2
25kDec 1 17kDec 29%Sep
4 * Aug
2 Feb
5k J’ne 11
18k J’ne 14 12 Mar 28kJan
34 Jan 31 32 Feb 36kO0t
2 Aug
1 Aug
5 Nov 17
28kAug 22 13 May 22k Sep
83 Aug 19 58kApr 79%8ep
215 Dee 14 152 Jan 181 Sep
59k Aug 10 88 Dec 55 Jan
05kDec 13 4 0 k A p r 08%Sep
l20kJan 14 81*May 118 Sep
194kDeo 12 9 9k O ot 13SkD««
9 *J’ly
0 Aug
7k Doc 13
2 * Aug
1 Nov
IkM ay 2
118 Dec 15 90 Jan lllk B ep
10
May
31k8®P
80%Feb 15
08 Dec 16 7?kMar 90 Sep
85 Dec 18 46 Feb 02*Sep
0 Deo
6 Dec
7 Mar 11
14kJan 28 10 Apr 16%Sop
41 Jan 28 24* Apr 42 Sep
40kDec 14 10 May 40kSep
82kFeb 7 18 J'ne 32 Aug
180 Dec 5 162kJ’no 178kDeo
_72kNov 21 70 Jan 85 Bep
124kDec 16 92k Feb H O k S ep
15kJan 31 11 Feo 17*Sep
78 Jan 31 07 A r 81k8eo
40kJan 29 24 Feb 48kSeP
5352 Oct 14 295 Feb 325 Deo
28 Nov 11 119 Jan 122 Mar
201 Doc 18 100 Feb 185kSep
18%Feb 2 12*Apr 2Ok0«P
05 Jan 28
0 Apr
17kDao >A
01%Dec 10 38HM ay
43 Nov 11 11 Apr
79%Sep 8 S2kJ a n
18 6
* B e fo re paym ent o f aaamt.
T 2d Distal, pd.
S T R E E T R A IL W A Y S , <&c.
Bid. Aak.
10C
180
190
183
J108
no
117% 118
225
200
1 12 U 2 k
$110
114
Kxch 1 1st.
11 2k
4111
385
420
1 Oh 106
175
200
5114
116
Bid.
S tr e e t H a llw a y s .
W estch est 1st 5 s ’ 48.. J&J { I l l
Ask
ax
11
BRO O KLYN.
A tlan , A r c ., 1st 5 a ..A & 0 $107
111
Con 5 b g 1 9 3 1 ...... A & O $110
95
90
B. B. & W .K . 5h 1983.A & O
238%
Brooklyn C ity—S to ck —
233
118
116
Consol 5s 1 9 4 1 .,...JA
hklynCrOBBtn5Bl908.J&1 105
Brooklyn E levated (n ew )
a e « 27W
5 7 k 58
B k m H g to ls t 5a 1941A& 0 104
THE
D e c . 1 7 , 1898.J
C H R O N I C L E . —STOCK PRICES (2 pages) Page &
8T0OKS—H IG H E S T A N D LO W E S T B A L E P R IC E S .
Saturday,
Dec. 10
Monday,
Dec. 12
Tuesday,
Dec. 13.
Wednesday Thursday,
Dec. 14.
Dec. 15.
STOCKS.
Friday,
Dec. 16.
N. Y. STOCK EXCH.
1247
Range j o r pre
Sales Range fo r year 1898.
o f the On basisof 100-sh're lots vious year (1897).
Week.
Shares Lowest.
Highest.
Lowest. Highest,
410 35%Jan 7
10 Ap
37%.Ta
151 05%Mar 29
750 19%Jan 3
17%J’ly
1,600 34%J’ne 27
Coast Co..
P acific
1,328 79 Dec 5
Do 1st pref...
1,980 57 Nov 28
Do 2d pref...
30,472 L10%Mar 12 1
250 8%Oct 18
Pittsb. Cin. Chic. & St. L . . 3,635 38%Jan 5
7,282 57 Mar 23
Do
pref.
§108 Feb 25
Pitts. Ft. W. & Ch., guar..
’ *300 5%J’ne 11
Pittsb. & West., pref.......
O eading, voting tr. ctfs.. 21,470 15%Mar 25
EL 1st pref., vot. tr ctfs. 56,780 30 Mar 12
2d pref., voting tr ctfs.. 13,495 17%Oct 17
182 Jan 20!
Rensselaer A Saratoga....
22 May 11
Rio Grande & Western....
929 50%Mar 15
00% 06% 00% 66
00%
Do
pref.
65
$05
65
7 §116%Mar20 !
•127%
Rome Watertown & Ogd..
110 Mar
$128 128 •127%
■127%
300
5%Mar 7
3%J’ne
6*
0
>5*
6
*5% 6 *
•5*
>5* 7 St. J. AG. Isl. vot.tr.cts.
0
•55* 8 *
057 45 Feb 24
55
Do
1st pref.
52* 53*
•50
37%J’ne
*52
$53
53
50
50
52* 53* •53
008 13%Apr 25
15
•12
14
*13
•13
15
Do
2d pref.
14% 15
10%J’ly
•13* 10% 14% 15
0 Mar 26
4 Apr
H*
8 * St. L. & S. Fr., vot. tr. ctfs. 2,367
8*
8*
8*
8*
8*
8*
8*
8*
8*
1,404 52%Mar 12
08
•08
Do
1st pref.
87 Jan
09* §08* 68*
08% 09
68% 09* $88
•87* 00
0,010 22%Feb 24
33*
Do
2d pref
33* 33% S3* 33* 33
82* 33
12 Apr
33% 33* 34*
3*
7
1 Apr
7*
7
7 * St. Louis Southwestern.. 13,898 3%Jan 24
7*
7*
7*
8*
7*
«%
8H 8 *
7%Mar 12
3%Apr
10
15* 15*
Do
pref. 16.570
10
15* 10*
10* 16* 17
16*
16* 10
4,754 18%J’ly 0
30* 31 St. Paul A Duluth.........
29
29
30* 30* so*
20
20 Jan
27
29
$20
26*
400
78 Apr 20
*97
98*
97* 98* *07
08
72%J’ly
97* 97*
Do
Pref
•96% 97*
1,870 123%Jan 12
173% 174
174 174 St. Paul Minn, A Man....
174 174 •173 175
17i 171
114 Jan
173 174
14.570 12 Apr 13
•30* 31 Southern Pacific Co.......
13%Jan
29* 30
39* 30
28* 28* 28% 29M 29% 30*
Southern, voting tr. ctfs.. 23,020 7 Apr 21
7 Apr
10* 10*
10* 10* 10* 10* 10* 10*
10* 10* 10*
41* 42
Do pref., vot. tr. ctfs. 71,325 23%Mar 26
22%Apr
42* 42*
42* 43* 42* 43
41* 42%
41* 42*
39,390 8%Mar 12
8 Apr
15* 15* 16
16* T exas & Pacific..... .
10* 16* 17*
16* 10* 1 « * 16* 16
4,255 145 Oct 13
hird Avenue (N. Y.)..
167 171
160 107* 109 109
100%167
159% 162
146 May
165 107
§12 Aug 26
25 Toledo k Ohio Central..
•15
25
*30
25
25
•20
25
15
25
20 Sep
•15
•15
*
35 Aug 24
40
40 *....... 40 •
40 • ..... 40
40
Do
Pref.
10,048 16%Jan 12
30%, 30
84
80
so*
33% 35% 34
38
35 Twin City Rapid Transit
9%Dec 14%Dec
07,051 10%Mar 25
38* " 8 * 38% 39% 38% 39% 38
38% 38% 8894 38% 89% U nion Pacific Ry
70* 70* 70% 7194 71
Do
...pref. 99,004 45%Mar 12
7194 70% 71% 70% 71% 70% 72%
0,555
%Oct 24
12* 12* 12% 12% 12% 12% 12% 12% 12% 12% 12% 12% LJn.P.D. k G. tr. rec.2d pd.
1 Apr
0%Mar 25
0,175
8 •s
4%Mar
8%
8% 8% 8% 8% 8% 8% 8% 8% 8
22* 23
22% 23% \ W
11%Apr
.............. pref! 52,107 14%Mar 7
22% 2394 23% 24
2294 24
2294 23
400 87%Apr 25 :
100%Nov '
West Chicago Street.....
90% 90%
33,435
%J’ly 22
5% 0% Wheel AL.E.,4th ass’t pd
%J’ne
5*
5*
5% 6
594 6
0% 694
594 0%
12,723 8 J’ly “
24* 25* 25% 80% 27
2%Apr
Do
pref. 4th do
28% 27% 27% 27% 28% 20% 27%
%Jan
2
•1
•1
•1
2
1 J’ne
*1% 2
•1% 2 Wisoon. Cent., vot. tr.ctfs.
*1% 2
.T U scclla n ’ * S to c k * .
190 *97%Apr 29 $180 Feb 10
*109 110* 108% 10994 •108 110 •108 110 1108 109 $109% 109%
dams Express............
105 O0t
7,400 15%Mar 25 39%Aug 20
34
34* 34
88% 34 A merican Cotton Oil....
34% 34% 34% 34
34% 3394 34
20%Sep
1,410 00 Mar 14 90%Aug 22
•88* 89* 89
89% $89% 89% 88% 88%
Do
pref.
89% •88
8994 89
80%8ep
450 22 May 13 80 Sep 1
•30
40
....... 40 American District Tel ....
180
30
•30
40
30
30
27 J’ly
*30
40
375 $110 Jan " $153 Nov *14-1 150 $149 149
140 1147% •144 147 $144 144
146% 140% American Express...........
119%Nov
8,150 24 J’ly
38 Aug 10
31
81% 29% 30 American Malting........
29* 81* 31% 31% 31% 8194 30% 31
82
2,833
82
70%J’ly
.
87%Aug 10
82% 88
82% 83
Do
pref.
83
88?
83% 8394 82% 83
12* 12*
13
13% 12% 13% 13
12% 13
12% 12% American 8pirit« M fg..... 16,042 6%Jan 20 15%J'ne 9 0%Nov 15%Aug
13!
000 10 Mar 20 41%Aug 25 15 Dec 80 Aug
•35
37
37
•35
30% •35
35% 30% §37
Do
pref.
85
35
37
34
7,815 25%3ep 14 43%J’ly 34* 33
34
33% 33% 33% 3394 33% 3394 33% 34 American Steel k Wire...
0,832 82 Sep 14
91
92*
91% 92% 91% 92% 91% 92
Do
pref.
91% 91%
91% 92
134%135% 131%135% 128% 138% 125% 128%
109%Mar :
128%127 American Sugar Refining. 378,510 107%Mar 20
1,330 103 Mar 25
4115 115
11494 115 $113% 113%
115 115
112 112
Do
pref.
100%Jan
295 $88 Mar 29
•ea* 98
$98
98% 98
98
597% 98
98% American Teleg. k Cable..
85%Jan
$99% 98% •97
141* 142* 143 145% 140% 144
189%141
07%Feb
14094 143% 140% 142% American Tobacco.......... 98,473 83%Jan 24
707 112%Mar 11
129% 129% $130% 130% 130 180
127% 128
Do
pref.
130 130
100 Feb
94
94% 94
00 "8 Mar 14
Do
dividend scrip.
94% 94% 94% 93
93
•94
95% 95% 90
2%Mar 21
25,850
ay State Gas..... .
5% 5%
5% 5%
5*
5% 5%
** 3%Oot 10%Aug
5% 5%
5% 6%
5*
129 129* 129 129
1,599 100 Mar 26
129 129
129 129% 120 129% 129% 139% B rooklyn Union Gas.....
85 Jan 187 Sep
11
11
H% 12% 11% 1294 12 12% 12 12 11% 12% Brunsw. Dock k C. Impvt. 0,670 7%Oct 4
8,712 17 Mar 12
24
26% 2594 20% 25% 20
16%J’ne
25
25% 25% 20% ( Colorado Fuel k Iron....
75 Aug 19
•80 ....... *80 ....
1 Do
pret.
70 Nov
•4% 5
................1 *5
0
3%J’ne
6% 6% Coi. k Hock. Coal k Iron.. 1,280 4%J’ly 25
5% 0%
8,200 104 Oct 3
19394 194
19394 195% 192 19494 190 192% 190 191% 190% 190% Consolidated Gas (N. Y.)..
130%Jan. i
470 27%Mar 25
46% 40% *45% 40% •45 40%| $40
---40
40 Consolidated Ice.............
40
40
28 Nov
4094
*88
93
83%
Apr
28
305
90 91 | *90
•90
93
Do
pref.
•91% 93
80 J’ne
•90
93
•47 ....
40 May 17
•47 ..
•47 ....... *50
35 Feb
•50 ....... •50 .... Consolidation Coal.........
45 Apr 20
Detroit Gas..... ..............
20 Jan.
180 185
0,910 119 Apr 8
190 190% 190 190% 192 192 Edison Elect. 111. (N. Y .)..
188 191
101%Jan.
18894 191
31% 31% 31% 32% 31% 33% 33% 34% 34% 30% 87
38% T^ederal Steel (wheniss.) 200,303 29 Oct 17
77% 78% 78
197,807 09%Oct 19
78% 77% 79% 78% 79% 79
pref.
do
80% 79% 81% r Do
87
93
95
92
89* 89* 04
98% 92% 93% 93% 98% General Eleotric......... . 25,220 76 Sep 15
0,150 00%Deo 10
00% 08% 60% 67% Glucose Sugar Refining...
1,475 !07%Dec 10
Do
pref.
109 108% 107% 108%
■*47
200 15%Apr 22
00
55 Hawaiian Com. k Sugar...
00
50* 50* •47
•51
55
53% 53% ♦53
10 $87%J’ne 20
•89* 02
•89* 02
§93* 93%
•92 ....... H. B. Claflln Co................
•92 9r
81%J’ly !01%Oct
00
50* 00* 00
01
58% 59% I nternational Paper..... 11,510 48 Sep 14
69* 59* 60*
8,900 85 Sep 27
93
92
92*
91* 91* 91* 92* •92
90
91% E Do
pref.
153* 53* 53
53* $53
3,071 37%Mar 25
53* 52
53
$52% 52% 51% 52% L aclede Gas (3L Louis).
22 May 49%Aug
1‘ 85 Mar 12
• *4
00
$05
95
•94
00
$96
96
•94
90
•94
90
70%Mar 90 Aug
Do
pref.
•52
56
45 Mar 28
55
•52
•52
55
•52
55
55 Maryland Coal, pref........
*50
55
•52
40 J’ly 52 Dec
447* 45* 44% 46* 47
47% 46
48
18,850 30%Aug 1
49%
ational Biscuit.,
47% 48% 48
N
••108
•103
$103% 103% •103%
315 94%Aug 1
Do
$104% 104% 103%103%
pref.
87
37* 37
31* 36* 87
86* 37* 37
87% 87
21%Feb 44 Sep
38% National Lead....,,........ 20,059 26%Mar 20
-112* 118* 118* 113* 114* 114* •112% 114 •112% 114% 114% 114%
505 99 Apr 22
Do
pref.
88%Feb 109%8ep;
9
10%
2,754 2%8ep 17
National Linseed Oil.......
9 * 10
*9 * 10
§9* 10*
10 May 23%Aug
8% 9
8* .
4*
•4
5
5
300 3%Nov 14
National Starch..............
7*
•1*
7*
•4
7
•5*
3 May 13 Aug
4*
•54
70
•56
70
$00
00
•56
70
15 00 Mar 25
Do
1st pref.
70
70
51%Mar 90 Sep
•50
•50
30
•15
30
1ft
80
•15
•15
30
12%Oct 31
30
•15
Do
2d pref.
30
8%Apr 45 Aug
•15
41
41
42
•38
•38
•38
•88
41
50 40 Oct 18
$88 88 New Cent.Coal (new stock)
40
•39
101 *1 01 * 100%100% 100 100* $100
00* 98% 98% 100 101%N. Y. Air Brake
1,884 14 Apr 5
22 Dec 3i%Aug
7
7
3,000 4%Jan 15
6%Aug
7*
3%Apr
0*
0*
8*
North American Co.
»*
6*
0% 6% •00% 0%
*0
•0
7
♦6
•0
7
3% Jan 4
8*
8 IOntario Silver.......
8%Nov 10%Jan
*0% 8
48
44
43* 42* 43* 42% 43% 42% 43 I pacific Mail.........
21 Apr 21
43* 44% 43
24 Jan. 89%8ep
86%Mar 26
109% 109% 100% 110% 108% 110% 106% 107% 108%109% 108% 1 1 0 %' L eopTsGas-L.AC.(Chic.)
91 Nov 97%Dec
149% 152
150* 151*
140* 148* 146 149
148% 149% Pullman’s Palace Car...... 13,003 xl32 Nov 3
152 Jan. 185 Sep
2
900
3
2
• i*
•2% 3% /Quicksilver Mining.
l%J’ne 4%Aug
2*
2*
2*
"I*
8
2,358
8
8
9
10
•0 *
7*
•9
10
Do
8 Apr -13 Aug
8*
pref.
51%Aug 65%Jan
liver Bullion Certlflc’t’s.
S
20* - o * 81
19
10
20
19% 19% tandard Distil.ADistrlb.
*20* 20*
71
71
71* $72% 72* 71
169
09
71
$71
71
Do
pref.
71
7% 8
7*
7*
2%Dec
7*
17*
7*
7*
7% 8% 8% 9% Standard Rope k Twine ..
33% 34% 'Penn. Coal Iron k RR ...
17 May
31* 32* 32* 33* 33* 34* 32* 31*
05 Apr
$98
98 -E Do
pref.
10*
10* 10* 10* 10* •10
0 Apr
9 * 10
10 10% •10 10%Texas Pacific Land Trust..
$54
•50
54
454
55* §54* 56
nited States Express ..
51* §52* 54%
87 Feb |
6
6
0% 0 *
6%May
6
on
6
0% 0% U nited States Leather ..
6*
0%
«%
08* 09*
09* 70
68* 71*
08% 70
50 Apr
Do
pref.
09% 70
45% 47 *
40
47
46% 48
45* 40%
42% 45% United States Rubber.....
10 J’ne
111*112*
100% 112% 111* 113),
111% 112
50 J’ly
Do
pref.
ill
111% 110% 110%
*129
•12H
•130
97 Jan.
*125 132 W e lls , Fargo k Co.......!■ .....
*125 ...
95* 95* » 4 * 95*
94% 94% *v estem Union Teleg’h.; 28,529
95
95* 95* 95*
75%May
• Bid and asked prices; no sales on this day. $Less than 100 shares, 4Ex div. of 100 p. a. in bonds. I Lowest is ex di a . tUnstamped. 71st asst. paid.
53
50
53
78
75* 75*
38
37
38
42 42 •42 44
82
i78% 78% *79
’ 50
00
*57
67
119)4 119?< 119% 120%
*3% 5
•3
5
45% 46
45* 45%
74%
74% 74% 74
*175
•9
9
9*
18% 19*
4594 47
40* 47
21% 21% 2 * 21*
•183
*183%
53
•76
537
51
•50
55
51
74
!71* 74* §74
•37
38
38
38
44
44
544* 44*
•79
82
81* 82
00
60% 65
*50
120% 120% 120% 121%
•3% 5
•3
5
45
45*
46* 46*
74
75
74* 75*
*175
'175
•9
9*
9*
9*
19
18* 20*
19
40* 47* 46* 48*
21* 21* 21* 23
*183%
•183*
OUTSIDE SECURITIES
B tre e t H a llw a y * .
•B'kyn gnsCo. ASub. 1at 6s.
Consol 5s guar............
Bklyn Rap.Tran.—See. 8to
Oal.Cem Gr.AB’kynlst 6a
Coney Island k Brooklyn.
Lit 5s 1904............TAJ
5s certfs lndbtl910.JAJ
B’k C.k New 5s ’39.JAJ
Gr.8t.ANew lst5s’O0AAO
9 ’ p’t k Lorlmer St. 1st 6s.
Sings Co. Elevat.—Stock
Incomes.....................
Bonds—8m Stock Kxob.
Bid.
m o*
104
ck Ex.
Ill
250
103
101
5114
104
108
4*
8
List.
51
51
*74
77
$30% 36*
44
45
82* 83
>64* 05
121%122
54% 4%
48* 50*
76
77*
♦175
•9
19* 20
48
4|*
22* 23
>181*
(G iv e n
*51
53
•74
77
38
38
•43
45
*82
83*
•0J* 65
122 123
4% 4%
51* 53
78
84
'175
•9
9*
19% 20
47* 48*
23
22*
•183
a t foot of
Ask. [
Bid.
S tre e t R a ilw a y s .
114
Nassau Elec p ref
90
105
5s 1944.................. A k O 104
List
4s.................................. .
90
112* N ew W m b ’gA F Ilstox.4 % 8 108
280
N Y A Q u s C o 5 s 1940. A k O
105
8telnwttylst0sl922.J(kJ 113*
O THER
C IT IE S .
117 i Balt Consol—Stock—See
100
Bridgep T r - ls t 5 s ’23.JAJ
Buffalo 8treet R y—Stook.
5*
1st consol 58 1931. FA.A
10 | Crosstown 5s 1932MAN
1 Chicago City RHr—Stock.
7
Ask.
\r. RR. &N.Co. vot.tr. cfs.
" Do pref., vot. tr. ctfs.
consecutive pag es ) .—
S T R E E T R A IL W A Y S , dec
Bid.
S tre e t R a ilw a y * .
Citizens’ St (Ind’nap)-See Phlla
100
Cleveland City Ry.........
7!
Clevel Cab-lst 5s ’09. JAJ 5108*
100
80
Cleveland Electric Ry....
Con 5a 1913....... MAS $105
00
114* Columbus (Ohio)—Stock.
Con 38 1982— See Phlla List..
1st
Crosst’wn-J st 5s—See P Ml a L
$103
Consol Tract’n (N J)—See Phlla
Lake St (Chlo)Blev-Stock 13
76* 77
115% 110%
deb 5s 1928....... JkJ $ 81
i n * i n * Louisv 8t, Ry—5 p c bonds $110
200 398
40*
Common.....................
Ask.
list.
74
105*
82
100
02*
1st.
list.
15
83
117
42
Bid.
S tree t H a ll w a y * .
Louisv St Ry—Preforred. 100
I ynnABos-lst 5s ’24..TAD 5106*
Metrop West 8ide (Chio).
3*
1st 5s 1942.........FAA
07
M Inneap St Ry-5s ’ 10.JAJ $100
New Orleans Tr—Com....
2
10
Preferred...................
Notes 0s 1004 ....MAN
North Chicago—Stock__ 224*
1st 5s 1000-10..... JAJ $104%
No Shore Tr (Bost.)-Com.
9
Preferred...................
78
$ Buyer pays accrued Intere
Ask.
102
106*
3*
67*
102
2*
12
225*
11
80
st.
T H E C H R O N IC L E .—-BOND PRICES (5 pages) PAS* 1-
IMS
SO N O S
J I j
M.TjffTOCC E XCH ANO R
W*A-* SsuifiW U se 10 s C
/Vis*
Friday,
Dee, 10.
r
a .
Week*
Mange
'OTj.
Range or
from
Lost Sale. | « ! /ai». 1.
BONDS.
IN.Y. STOCK E X C H A VOK
h
Price
Friday,
Dec 10.
[VOL. L X
FFecA’g
Range or
Last Sale.
W k e s E n d i n g 1 ) b c . 10.
B id
Ank. Low. High. No.
A*k. Low. High. So. Low. High OA (MOoal— Utoong 5s *39 JI-N 117% Sale 117% 118
11
116% Dee *98
k iBMt A OkttJiM. #** BAG j
ttopl«t«red................1939 JJ-N
Cwtii. S*4 Aou ttr
90%
91
s
'sV
o
J
71-8
<Jen
gold
4%o............19W
91 Nov* 98
93%i
m u U-. « » * .
«- B
lloiTlitered........
1002 W -8
AifNh&f A ***a*4. Se* D A 11*
tt A A Dir l it cou g 4a. 1980 .1 - J 100*4 Sale 108* * 107**
AT’mrtf*1iir*“rT Yal- $44 PofiO Ox |
97 ....... 97 Dec'98
2 d eon k 4s............ 1980 J - J
AJm LK>C* A 1. $44<2+t&oi S J. |. >
95% May’98
Craig Valley 1st g 5s.. 1940 J - J
89 i! 20 81
90%
: **H
H9
90 ■
JtES A ffcxr 1*1 £
..1 9 9 5 ,0 -J*
863
Warm
SprVal
U
tgS
Al«41
W*|
83
9
0
00%
9
0
%
A i e i T A 5? f * tv a f ** ■1095, A - Oj #9% Bate
102%
108
103
Sale
ElU Lex A B 3 go g 5s. 1002 JI- S
Sk>% Mar Mb
8ft!
89%
Has 'Mm+&. -- -..... u l 093i A - O
Chlo A Alton sink fd Qs, 1W13 M-N ........ 110% 109% 109%
jtdifi
79 |
I S 79
A
d
5t 4S....», 19V0-.N*>Tt 7 7% ttal0’ T IM
108 J’ne’Wi-'
Lou. A Mo Rtv 1 st 7 s..1900 F- A
107 J’ly ’98
iUtftttOT*!.....,....
2d 7 i...................... 1900 M-N
JSljS'.fi i l •‘Of A I &f - . « .llK ’S ;* * j
Ml*s K«v B 1 st sfp 0a.1912 A -O
C3ti€A §*
us k ! f ! ' . M- 8
Chlo Burl A Nor. S « C B A Q.
AU A t Uklra
| 5*- .1W4 J - J
J 117% ......
’H H 7^
8 06 102% Chlo Burl A Q-Con 7a.. 1003
ASAao A Hajkt IIA g 1%,.lft5<>jJ - J| 10{Vi 102% 102% 104%
O 102 .... 101% N o v'9 8
Sinking fund 8s...,..,.1901
A%S*t.i* A Ch i-r. ,'w* l&ou liy.j
109%
109% Sale 109
M-N
Debenture 5a.,........ 1913
A**Uta t S W . 4s* $ o »>
123W
Convertible 5s........... 1003 M -S 198% Sale 122
Mi C m x A &« Am Mich C
1
U
%
D
e
e ’ 98
AO
111%....
Iowa
Dlv
sink
fd
5s...
1919
O
ct-W
..
10
0
118%
ns
B £ ,I‘ A O j* A# PIN! Br.’ lPj
..............................1919 A-O 102%.... l OS D e c ’ 98
Nov'98: ..
no
111% U5>S
d & t f j t e p . •.
T r**t
102 Oct-’ OH
F -A
Denv
Dlv
4s.,,..........1922
Ocu’98
-•
115
80
11&H
Liu
,
F- A
5*
Southwestern Dlv 4s.. 1021 M- 8 09 % ::::: 100 N o v ’ 98
OpwpO&SOS?*.,.,, . ,,,.. ..**]••* ••\
.....
I U W A u g’ 98
95 113iW Cole & Iowa Dlv 5a.,..lft05 F -A noo
HotsHrXOi'riKi-.... 1086*1925 F- A j
l
104%
Nobraaka Exten 4s.... 1027 M-N
118
118
Nov'98
90
A Oo. osrtt o f flop •* -..
’ M ay’ 9 '
M-N
Registered...........1927
Tni* t Co cits of depo-idlj -.. ..
) Dec '98
M -S
Hen.
A
St.
Jos
con
6s..1911
97
‘
tieii
sep/ftB
118V4
C<;-s»oi *oM 3 . ......... lv «s !F -A
108% Nov’ 98
Chic Bur A Nor 1st 5 s. 1020 A-O
103
110 Aug’98
............ 106?*F -A
117% Nov'98
ChlcAE 111—1st sf our 0s. 1907 J -D 114% .
118% Oct-’ftS
97
J V M A Co ctf* of dop. ......
J -D
Small......................1907
T rvm Co ocrsf* dcponi--. |■. . 132
Dec’ 08
A-O
1st
con
g
0s...........
,,,1934
i
o
i
*
*
id
s
*
84 105
Ba U B‘*s 1*J if 5*ttit*fa,l Vft01M» N i
108% 109%
General con 1st 5b.,.. 1937 M-N
W v * a V X»i *6 *......i 900 A - 0'
M-N 1 0 3 % ....... 103% Nov’98
Registered.....
.....1937
Ho&oe RJv 1st gu * 5*.1B19 F- A
105 Sep.’ 98
Chlo&lr.dCRy 1st 5s. 1930 J - J
99 108)4
10914 Dec’ 98
*100 54 «»
C*ft Ohio U U l o i fi %* 193o M
Chicago A Erie. See Erie.
75 Oct-’OS
75
75
Co! Af'lnX l i t ext 4%sl039 J - J
Chic
lnd
A
Louisville—
105
A
u
g
’
98
105
105
Alt AC J 1st tat gug6s- 1930 M-Nj
Lou lav N A i Ch lst-0s..’lO J - J 110 ..... 116% Dec ’98
105 Nov'98
100 105
91 Nov’98
90
92
Chlo lnd A L ref « 5s. .1947 J - J
j * u £ t i V i ^ v . V m s i ': 4 ]
;
g
&S
i l *• ll05i4t07J4
Refunding g 6s.......... 1947 J - J 10 7 Sale 100^4 107
105
N
o
v
'081
W
8
W
105
B 4 t » 8 i f l.al«st«i4)0.1SOOiJ * J 105
100
Nov’98
J
J
102%....
Ch M A St P-l st 7s $g R D ’02
70
00
00 N o v ’ 08
8AOSW tty coo g 4*4* 1998'J - J 00
1st7s S. gold RD....1902 J - J 102%.....
27% J’ nc'OS
27
27«
l « t ic c a 5* a*r A ....S 0 4 3 Nort| 2ft
152%
Sep.’ 9F
J
J
10‘
2
%
.......
1st
Iowa
AD
7
b
.........1899
10%
10%
0« 12
S«n*« U..*,.......,.,9043 Deed
lS tC & M 7a.............. 1903 J - J 102% .. . . 161 Nov’98
B A O -8W Ter Coau «r C«C42 >1-NI
J - J 102% 163 163% 163%
Chlo
MU
A
St
P
con
7s.
1905
105
ID3
104
105)4
103
Sale
Ohio A SiM IttOOO 4*. 1947 J - J
102% 102%
122J4 J*ly‘08
120 182)4 1st 1 A D Kxten 7s,... 1908 JJ -- JJ .a102%103
id MftIQl7 *-........ 1911iA..... 119% Nov’98
lat Southwest Dlv 0s. 1909
100 O ct’08
100 108
100
lit
D ir 7#.lft05 2i!
114 ...... 115% Nov’ 98
J
J
1st
La
Crosse
A
D
5a.
.1919
U i s e c « r * i 5a..
J
1st So Minn Div 0s... .1910 J - J 120%..... 120% Dec’98
• M h Crrwrk. I m X Y C A H
1st Hast A D Dlv 7s.. .1910 J - J 129%..... 129% Oct/9«
A <”a f.
iiiln o i* Cent.
5s..........
1910 J - J 108 ..... 109% Dee’ 98
•oc-a*T
S44 M K A T.
Chic A Pao Dlv 0b..... 1910 J - J 120% ...... 121% Nov’ 98
B w *y A 7 ih A r .
M oE8tty.
J - J 119% 120% 119% Dee’98
Chlo
A
P
W
lstg
5s...
.1921
94?4
94^4
94%
79
Bldyis El T t Co of 1»t
1024’ ..
118
118
Chic A Mo Rlv Div 5s. 1920 J - J lie ...
80 J’no’Os
86 80
05
T f C o e tf* 24 # 3*....... lft-16j..
107 Mar'9^
Mineral Point Dlv 5a.. 1910 J - J 110% ...
08 May *98
68
08
34 j fa ta l p d ...... ... ................................. .
114 ...
112 Apr.’9-‘ dB
J
J
Chic
A
L
Su
Div
g
5a..
1921
70)4
l>eo’
0
8A BSrrCocfft U S « u g 5 * ‘ 4 V ....... i
.........
118 Nov’ 98
WlB A Minn Dlv g 5s.. 1921 J - J 1 1 5 & ...
A4 la »t * l pd - .
.
S.......
.................
113% Nov’98
Terminal gold 5s.......1014 J - J H 3 % ...
94)4!
93H
80
94%
L*g E lT r C o e fa liu t o jfOt’ ST:-----0 1)4Sale
127% Jan.’ 9tt
125
...
J
-J
Far
A
Sou
assu
g
0s,,.
1924
100)4
109
91
109
S A yo Hap T r g 3s,........10451 A - O 1OOV* Snl»
106% May’97
Cont sink fund 5b..... 1916 J -J
H7H
112 117%
B k if& C iiy U tc s a ft# 1015-4IU - J 110)4 117*4 m u
Dak A Gt Sog 5s..,.., 1916 J - J 113 . . . . . 114 Dec’ 98
1G2£4 100
BaijD Q C v l U o*>n 1u 05« ’41 j >
1- S j 10534 Sale 106 100
Gen gold 4s series A. .1989 J-J5 ■108& 109 108% 108itt 13
ilk iy c A Motitauk. S i* L i»L
105% Peb.’9n
JI
Registered........... 1989
f i n u A W eal l * i p 4*. .1038 J - J . . . . . . . . . . . .
MU A No 1st M L 0a.. 1910 f - D 116%..... 120% Oct.’98
B eff N Y A ttrle. St4 Kr!e.
123 Oct.’9S
-D
J
1st
consol6s...........1913
121%....
108)4 10 104% 108)4
B s f K I F u c D g S i ........ 103713! - 8, 108)4 111 108
143 ....... 144 Dec’ 98
Chic A Northw—Con7s. 1915
..................
DANmtsare 6
fl
112% 112%
118
.......
I
S
M
a
r’98
Gold
7
b
.....................1902
127
127
127
EU:-ch A FtttA l « t g 0«..1O21' F - A |*l28 ........
Registered......... . 1902 J -D 112 .... 116 Nov’ 08
122 125
Oottaol U t O *.......... IftSS J - O 1S4
........ 123 Deo *98
Sinking fund 08,. 1870-1929 A-O *117 120 117% Nov’98
Cl A Mah i#t*rttir 5*,. 1043!J - J j ’ I S l
...... . 103 Apr’ 97
117% Oct.’98
Registered..... 1879-1929 A -O
Stiff A South v « c t , Sm Erl cl I
109% 109%
Sinking fund 5s. 1879-1929 A -O
Baff A 9a*q l » t gold 5 « ^ l0 l8 ;A - O ..................
108% Dec’98
Registered..... 1879-1929 A-O
B a g i4 t«ra 4 ...~ ..........1 0 1 3 A - O 1 ....... ...........
120 Ocur98
Sinking fund deh 5s... 1933 M-N
106)4 D e o ’OF
104?4 109
Bar C U A N \*X 5 i ........1906 J - 1) 10?
117 Mar’ HK
Registered.......... 1933 M-N '117%
107 Oct/OS
100 109%
Co® i t i A ooi tr a 5 »...lft 3 * f A - O 107
103M Nov’ 98
N 109
25-year debenture5s. .1909
H *v i»* *r» 6. .............. 1094 A - O j . . . . . .
109%Mar’9is
W-N
Registered ..........1909
M l Bl L U t fts p 7 « ..1 9 2 7 (j - D i ........
116 Dec’98
80-year debenture 5a. .1921 A -O
1054* N o v ’ 08
1 0 5 M 105%
C H I F A N W lft s S A .'S O A-OI*1009C
117% Feb.‘9
Registered.............. 1921 A -O
105 .Tan.’98
105 105
l i t t o la &m........... .....1 9 2 1 ? A - O r lO 0
105*4 Nov’98
Extension 4 s . .1880-1920 F -A
107% 111%
111)4
ou th l i t 5a... IftOBi J - J 111 Sale H i
C'acadaS
103 J’ne’9Registered..... 1886-1920 F - A
• S 4 5 a . . . _ . ...........1018151-S 110)4Sale 110)4 111)4
105 111%
Gen gold 3%s.............19S!~ M-N 102 102% 102% 102%
100 Jan. *97
S a p liU racL......____ ..101S M -8
103 Nov’ 98
Registered.............198'
Gaft A Shawn. 8 * 4 111* Coot-;
10794 May’ 9;
Esoan A L Sup lat 8a. .1901 ? : 3 ’106% .
Car?ha#a A A d . S4 4 S YC A 11.
Dea Mo A Minn 1st 7a. 1907 F -A
C tt la F A N . £k* fi C 11 A N. I
108 Oct-’fiS
Iowa Midland 1st8a... 1900 A- O
Cwh B m c c i l ' F l i t * 4*. 1048 J - D
89
91%
01)4 Sale 89
01)4
Wlnona A St Pet 2d 7s. 1907 M-N
OaeiJrai Ohio. Sw Balt A O.—|
117 Jan.’ Wn
MU A Mad 1st 0b.......1905 M -S
0«t> HU A BAg Co o f Oa.—
|
Ott C F A St P lat 5s..1909 M -S *108&....... 109 M a r‘ 98
98)4 J'n e’ 98
Collateral pojd 5 a ...... 1037 1,71-N
87
93%
105 A p r.’ 98
North 1111noia 1at 5s... 1910 M- S
114)4 J ’ ne'98
114 119%
, 110
0 * e t o f Ua tt 1 — 1» t u 5*.. 1946] W- A t
137%
137%
Mil LB A W latg da..1921 M-N 187%
lU tft*t«r«4 . . . . . . . . . . 1045]F -A t
105)* Feb ’ 9 *
Convertible deb 5a.. 1907 F -A
*oi<J 5a......... .,10*61314- N
84% 03%
92)4 Sate
90)4
98*,
KLxt A I nip a f g 5a.., 1929 F -A .......119% 119% D e c ’ 98
K a «tit«ra 4 .............. 1045 M -N
138
la 8
Mich Dlv lat gold 0a,1924 J - J 138
40
41
35
l i t pruf m ootnag &•. ..1045 O ci.fi 40 Sal®
138 M a y’ 98
Ashland Dlv latg 0sl925 M-S *135
3d p tM llo co m a g 5 a ... 194
U )< 14 Dec’98
10
tS j
112 A p r.’ 98
Incomes............ .,.1911 M-N
tC er*T itfOTae g 6«..^1046 Oct-t •........
7*^
m Deo *98
4%
133 ....... 132 N o v ’ 98
M * 3 D ir i c t r 5 * .... I 048 J - J I .................. 92 O o t ’98
91
4 “ Chlo Rock 1 A Pao 0s,...1917 J - J
Registered
101' J - J ♦ISO ....... 130 A u g ’ 98
90 J'ly’WS
H o tu * r>iv n t a 6 *....I04*3 j - j . . . . . . . . . . .
95%
Genera] gold 4 a . 1988 J - J 116% Sale 100% 107
M i* d a A A lt JjSt 5 i )947|J - J
......... .
80)4 Sop ’98
80% 86%
104 8ep.’ 98
102)4 102)4
Registered...... .....1988 J - J
Dact o f H J —U t ©aoTi.lKOU G -J f MOST** 103
08% 104%
90 D ec ’ 98
112) DeH M A Ft D lat 4g..l905 J - J
lideom rartlhi® 7#...... 1902 M - 91(M IS
........ 1)2 Nov’98
80 N o v ’98
78
OOQTwrtiblc dn!) O i----19«J8
N
112)4 J’ly *9m
1st 3%b.................. 1905 J -J
112)
83 M a r’9
Extension 4a.......... 1905 J -J ■ 95
Oaoarai g-oid 5*......... . 10M7iJ - J tl4 W Sal® I U «
100% 115
H4H
110
in * ;
tta«l®i«ffa4.. . . . . . . . . . 1087 1o - J 1 n o
Keok&DeaM Iat5s..l928 A-O 110 Sale 109
m w 111
108% 114%
100 A p r *9'
98)4
99)4
A W B C Con a* 7#, i 94H»jo-M) ..... 100
Small
A-O
97 103%
«5)4
Ch ic A St L. Sea At T A S h\
85)4 98
86 . . . . . . 85)4
5 * . .............................tu u ';M -N
A D o c k A Im p Co CwlVOI J - J 115 ........ 116)4 Deo *98
Ohio St L A N O. See 111 Cent.
110 116
Chic St L A Pitts. See Pa Co.
N J South lo t guar 6a 18W0 :J - J
134 D e c ’ 98
Oaai »‘ a «e < s -C U i dp A. I Won I , . ...
Chlo St P MAOoon6s.. 1930 J -D
103 O c t ’ 98
108 103
135% OcL ’ 98
9 pay a? A Op « / • BCD. IH 00.......
Ch St P A Min l i t 0s.. 1018 M-N
108 Feb.'WH
108 103
9p#T*r A t o <elf* 4*p R, 19001.......
Nor Wisconsin 1st On.. 1930 J - J ..... . 140
fp a ru r*C V ,< a ? F tJ lU .1 9 0 1 1 .. ...
105 D oc* 98
St P A 8m y lat « 6a. 1919 A -O 181%134 131% N o v ’ 98
t05
105
93%
95% 199
SmtiJoAqnln Iff g 6 i . „ l » 0 0 A - O
94% Sale
101 100 OhtoTer Transferg4s ..1947 J ~
102)4 Oet’ 98
106 J ’ n e’ 9
Ch A West l let s l g 08.1919 M-N
S a «# »e la a d 4 8 a ,......1 9 9 0 ]A * O
General gold 0s........ 1932
ppayar A Co « a g c t a . . . . - » .......
119% Sale 119)4 120
Xa t -A #ratit gf»id
poo A - O
102 M ar'98
100%102 Chic A West Mich Ry 5s. 1921 f S
101 Jan-’ OS ....1101 101
Coupons o ff....,,..,.., 1921
C A »» D ir a r t a 5# .,.1 0 1 * J - J
W a it iff l Pactae g 6a . . 180i»,j - J
119 Oct.'97
108M Norr^OS
01 104 11n 11 A D con b f 7s.... 1905 A-O
103% Oct.’ 97
Bo frf Cal lat g s s 4 « ..lS fJ ? jj - J
2d gold 4%e.,...... ....1937 J - J
110% Nov’ 98
OiuaraaiAad gold 5# 19801A- O
C la D A I 1st gnu 5a.. 1941 M-N
100 105%
i o i i i ib’5)i
A Sat U t «r 7 *.. 1980*4 - 1
11 8t L A C. Sec C C C A 9t L.
GAm A t>—* . 8
a tar. A . . .1908 A -O f
118)4 Dm * 98j
118 120% 71n SAC. See C O C A St L.
mm,
e**
, !I9wil li| A*Ot |
tvy Balt
»&ti lnv
B. i1922
» » » J - D ...... .........
" 0 Nor’0
8 --- |liO%lVl%
City at
Aa
S Ry
it K
gQ
5a.
115% 121% ijlty
Bui.
’ , th «9«*4W U *eat bid and M ked On* week,
ru i T c i n c o c r v i m i r » c o
/n
O
U T S I D E S E C U R I T I E S (G
iven
t Due July,
_! BM. 1 Ask
U br Hpcb rltloii.
110 J
09
NEW YORK.
• o A s itw
II
1.1 % Central Onion Gas—
a*$ s* 1 w . ..... .a Ao 105 j . . . . .
1st 5* 1927........
U fii4* ua f<5feMr>—St/-***
75
7>?
Con Gas (NY»~SU>c!:-N
Tv-s CMy l l t Y - Bt* nu>rk Kjtch- lUt.
Deb 5# 1008..........MAN
P7Wf«TV«d . .. t
| 111 | 112
Bqolt Gas........ .
C b'4 Tt Attswf Prn▼^*0g'k! 7o
72
1st At 1809...........FAA
90
90% Con- 5* 1982.......MAS
Qm ! W , .M A N [I 94% 95%|] Mutual Gas... ...
w *m v***4 - 9 ** Siw toa
Hft,
N. AmBterdam One, Com.
t TOssslTr-Chm| !$
15 :] Pr«C...................
PvtfBWfwd I 95
li t O'.nr i
Rail'
f t v » A PuwTek- ut. I
t Due Nov.
i One June,
t Dus Jan-
. r,,
^ .. rt ~
.
.
.
a
.t foot of
7 c o n se cu tive
pages
).
i Bonds du s M a y .
Range
from
Jan, I.
Low. HioH
i l l 118
113
78%
110%
91
ftft” 107*'
90
07
95
99%
97% 104
109% 113%
107 111
107 107
113% 118%
101% 107
104% 111
104% 128%
109% 111%
98 104
97 108
99 101
95% 104%
97
07%
119 128
105 110%
114% 117%
132 183
101% 109)*
101 106%
100% 109
112
80
117
92
140
160
9*J-
107
137%152%
140 101
188 103%
189% 102%
116 119ns
110 115%
114% 121
128 130V*
109 109%
118 131%
111 119%
110
107
%lib
no
112 113%
111 118
111 115
127% 127%
109 114
102 108%
104% 105%
120 122%
117 123
138 145
112% 116%
u 2 % n e%
118% 124%
114 117%
100 112
107% 108%
111
120%
117 119
107% 110%
109% 109%
112 118
117% 11714
104
103
99
103
100
107
108
103%
103
107%
108
108
117
100
105
132%
117
109
105
137%
113% 119%
133 18S
133 185
112 U o
127% 132
127%131%
102%107
108%105%
85
90
69% 80
103
110
120% 188
128 180
120 1 8 2 *
79% 95?£
117% 122%
107% 110
a These are option sales.
/nr a oi anr/ym
GAS
S E C U R ITIE S , <*0.
Bid. Ask.
(« n « Secnrltlcu.
N Y A Bast River Gas—
1st 5s 1944........... J&J 112% 114
Consol 6s 1945......TAJ 108% 110
«104% 104% Nor On—
rs tk Exoh
Standard Gas—Common.. 150 162
100 UO
Do preferred.............. 154 160
110 •13
1st 5# 1980.,......MAN 5115 liVM
102%
fio i
Im
118
BROOKLYN.
305 915
8im 81% Brooklyn Un Gas—N Y 8t 00k K xoh
1st
con
5s—N Y Stock Excb.
0H%
102% Williamsburg Gas—1st 0s $101 102
HU)- Aak.
VII.
Gaa HocnrltleM.
Bid. Ask
OTHER CITIES.
! BaHlmore Consol Idat—Se e Balt. JMlt.
j Bay State Gas—N Y Stock Exch.
Boston UnitedGaa Bonds- -Bosto c L lil
17
Buffalo City Gas—Stock.. 10
94
1st 5s 1947......... A&O $ 93
1Chicago Consumers 1st 5s 103 108%
Ohicago Gas—Sec N Y Sto ck Ex oh.
( lIIoqto Gas Co lBt0»....... 102
.««■
linolnnatl Gas & Coke... 207% »0«M
5And interest. tPrlce per ah are.
Price
Frida y%
Dec. 16.
Bid.
Clearfield A Mah. See BRAP.
Cl Ak A C eq A 2d g 0s..1980 F- A
Cl A Can 1st 5s tr rec. ..1917 J - J
0 C C A 8t L—Gen g 4s..1993 J - D
Cairo Dlv 1 st gold 4s. .1989 J - J
Bt L Dlv 1st col trg 48.1990 M-N .....
Registered............. 1990 M-N
Bpr A Col Dlv lstg 4s. 1940 M -S
W W V a l Dlv 1st g 4s. 1940 J - J
92
Cin W AM Div lstg4s. 1991 J - J
Cln I 8t L A C ls tg 48.1936 Q-F1 102
Cin 8 A Cl con ls tg Ss.1928
Ind B1 A W 1st pf 7s.. 1900
OInd A W 1st pf 5s... 1938
Peo A East 1st con 4s. 1940
Income 4s......... ...1990
01 C C A Ind lsts f 7s...1899
Consol sinking fd 7s.. .1914
General consol gold 0s. 1984
Week's
Range or
Last Sale.
Ask. Low
99H
Range
fro m
Jan. 1.
|3
71
71Vi 15
85 Nov’98
91% Dee’98
99
99 ’ *20
9C Mar’98
j -j
j -j
114 Oct.’97
107% Feb’97
84 Sale
20
21
H-N
J - D *137*6.......
J -D
J -J
J -J
A- O
A -O
81%
85 124
2C% Dec ’98
101% Nov’ 98
138
138 *27
132% Nov’ 98 ....
107*6 Oci.’97
CASlst M C C C AI7s. 1901
109 Dec’ 98
Cl Lor & Wh con 1st 5s. 1938
Olev A Marietta. See Pa HR.
121
....... 121 Sep.’98
Olev A Mahon Val g 5s.. 1938 J -J
Qu-J
Olev A Pitts. See Penn Co.
Ool Mldl’d—lstg2-3-4s. 1947 J - J ....... 68* 07%
08*
74
70
1st g 4s.................... 1947 J - J * 73*6
Ool A 9th Av. SesMetSt Ry.
Colum A Greenv. See So Ry.
75 Oct.’ 97
Ool H V A Tol—Con g 5s.l931 M- 8
79% Sale
75
80
J P M A Co eng cfs $85 pd.
50
General gold 0s......... 1904 j - D *....... 58*6 47
General lien gold 4s... 1996 J - J
J -J
Ool A Cln Md. See BAG .
Col Conn A Term. See NAW,,
Conn A Pas Rlvs 1st g 4s.’43 A - O
fSak A Gt So. See C M A 8tP.
s J alias A Waco. See M KAT.
Del Lack A Western 7s.. 1907 M-S *124 ....... 124 Nov’98
Byr Bing A N Y 1st 7s. 1906 A-O •125 ....... 120 .r iy ’98
Morris A Essex 1st 7s. 1914 M-N *142 ....... 143 Dec’98
J -J •115*6....... 107 Sep.'wH
7s ................ 1871-1901 A-O •n o ....... 109*6 Nov’98
J -D *140 ....... 139 J’ne’98
Registered.......... 1915 J -D •140 ....... 140 Oct.’98
N Y Lack A W 1st 0s.. 1921 J - J •130 ..... 187 Sep.’08
F -A
118*6 Nov’97
Warren 2d 7s............ 1900 A-O •105 ....... 108 Aug’98
9el A Hud 1st Pa Dlv 7s. 1917 M -8 143 ....... 146 8ep.’98
M- 8 143 ....... 143 May‘97
Alb A 8 is lstcongn7sl9O0 A -O •122 ....... 122 Dec’98
A -O •120 .......
A -O *U 0*6....... 110% Dec’98
A -O •n o ....... 117 Nov’98
HI-N •147*6....... 147 8ep.’ 98
Registered............ 1921 M-N •117>4....... 141 May’98
Del Rtv KR Bge. Bee Pa RR.
Den Con Tr Co lstg 5s..1933 A-O *8 0 .......
Den Tram Co con g 08.1910 J - J
Met Ry Co 1st gu g 08.1911 J - J
Oen A R G rist gold 7s.. 1900 M-N * 1 0 8 *....... 108% Nov’98
1st cong 4s...............1930 J - J 100>4 Sale 100% 101
....... 109*6
1st con g 4%s........... 1930 J - J
Improvement gold 5s. 1928 J - D •101 102*6 102*6 Dec *98
Des M A Ft D. See C R A I P.
Des M A Minn. See Ch A N W.
Des M Dn Ry 1st g 5s... 1917 M-N • 99*6....... 102 Oct.’98
DetMATol. See L B A M So.
Det A Mack 1st lien g 4s. 1995 J - D
Gold 4s.................... 1095 J -D
Dnl A Iron Range 1st 5s. 1987 A-O 106* Sale 100*6 100*6
A-O
2d lien mortgage 0S...191H J -J
Dal Red W A 8 1st g 5s. 1928 J -J
92% Feb.’98
Dul Bo Shore A At g 5s. 1987 J -J
118*6 118*6
(jiast of Minn. BeeStPMAM.
-CiaatT Va A Ga. Sw.SoRy.
Ills Lex AB B . See C A O.
Dm Cort A No. Sw Leh ANY.
■rle 1st ext g 4s.......... 1947 M-N 114 ....... 114*6 Dec
2d ext gold 5s............1019 M -8 119 ....... 119*6 Aug’98
8d ext gold 4%g........ 1923 M -8 112%115 112 Nov’98
4th ext gold 5s......... 1920 A-O 118*6....... 118*6 Nov’98
J -D 108 ....... 104*6 J’ne’08
lstoonsol gold 7s..... 1920 M -8 *143 145 144*6
1stoonsoi gold fd 7s.. 1920 M-8 141 ....... 142*6 Dec’ 88
Long Doek con gold 0s. 1985 A-O •135%....... 130 8ep.'98
Buff N Y A Erie 1st 78.1910 J -D
133 J’ne’98
Buff A 8 W gold 0s. ...1908 J - J
J- J
Jeff RR 1st gu gold 5s. 1909 A-Oi *103 ....... 108 Nov’98
Chic A Erie 1st g 5s... 1082 M-N H I M ..... 111% 111*6
Coal A RR late gu 08.1922 M-N
Dock A Imp 1st cur0s.l913 J - J
N Y A Green L gu g 5s. 1940 M-N •100
..... 109 Oct.’98
Erie 1st con g 4s pr bds.1990 J -J
J -J
1st eon gen lien g 4s... .1990 J -J
J -J
N Y 8 A W—1st ref 5s.l937 J -J
2d gold 4%s............1937 F -A
General g 5s...........1940 F- A
Terminal 1st g 5s__ 1943 M-N
Regis $5,000 each. 1043 M-N
WllkAEasl st gu g 5sl942 J - D
Mid RKofN.T 1st g 0h1910 A -O
■scan A L Sup. See C A N W.
•ureka Springs 1st g 6s. 1983 F -A
k r f t T H l i t cones..... 1921 J - J
1st general gold 5s.. ..1942 A - O
Sale
75% Sale
139
220
700
111
a.14
....
....
::::
*98
118
a 1
10
** 8
"a
*24
98«
94* 200
74
75% 127
110
Sale 110
11
111
92*6 Aug’98
94% 8ale
94%
95*6 *90
•110 ....... 111 Oct.’ 98
05% Sale * '95*6
.......122*6 120
120
99
A - O • 90
8nll Co Br’ch Istg5s..l930 A - O • 1 5
■v AInd 1Bt con gu g 6s.. 1020 J - J 100
Fargo A 8o. See Ch M A 8t P.
05
....... 123
Sale
97
........
.......
Sale
97
' 9576
120
18
2tf
Nov’97
Dec’98
99 335
100
31
P rice
F rida y,
Dec. 16.
Week’s
Range or
Last Sale.
Range
fro m
Jan. I.
Bid. A 8k,. Low. High. No. Low. H igh
19 110 120
f?llnt A Pere M g 0s.. ..1920 A -O 120 Sale 118*6 120
63 85 100
L 1st consol gold 5s.... 1939 M-N • 99 100
99% 100
74 83 101
99% 101
Pt Huron Dlv 1st g 58.1939 A -O 101 Sale
08
74*6
82
85
Fla Cen A Pen 1st g 5s. .1918 J - J 105 .......
88
91%
1st land gr ext gold 5s.l930 J - J
95
.....
J -J
90*6 100
90
93
Ft S A V B Bge. See StLASF.
105 105
Fort St U D Co ls tg 4*6sl941 J -J 108 ....... 105 Mar’ 98
85% Sale
86*6
81*6
80V 392 05
80
88*6 Ft W & D C—1st g 4-0s. 1921 J -D
89
95
FtW A Rio Gr 1st gS-4s. 1928 J - J 04% Sale
64%
00*6 228 54*6 66%
Fulton Elev. See Kings Co El.
98% 102
al Har & S A. See S P Co.
88% <>9*6
98*6 100
YJal HAH of ’82 1st Ss.1913 A -O
99
09*6
5 100 100
100
Ga & Ala Ry 1st pf g 5s. 1945 A -O 105*6....... 100
92
97
99 ....... 97 Dec’98
Ga Car A No 1st gu g 5s. 1029 J - J
Georgia Pacific. See So Ry.
70
85
Grand Rap & Ind. See Pa Co.
14
22
TT an A St J. See C B & Q
101% 105*6 Jj-ousatonlc. SeetNYNHAH.
Honst E A W T Istg5s.l933 M-N 98*6 Sale 95%
131*6 140
98*6 63 88 100
Hous & Tex Cen. See So P Co.
109%115
127% 132% Filinois Cent 1st g 4s... 1951 J - J 112%....... 112% Nov’ 98
108*6 112%
JL Registered...... .....1951 J - J 110 ....... 112% Nov’98
102 105
1st gold 3%s..............1951 J - J i o s h ....... 102 Oct.’98
101 102*6
100 109
Registered........... ,.1951 J - J 101 ....... 102*6 Apr.’98
1st gold 3s sterling.... 1951 M -8
121 121
M -8
Coll Trust gold 4s..... 1952 A -O •104 105 104*6 104*6 *28 100* 10*4*6
103 103
A -O
103 Apr.’9r>
L N O A Tex gold 4s 1953 M-N
50
08%
102*6 io a *30 97*6 1C3
101 101
M-N
05
70
101 Mar’0*
100% 100%
Coll tr 2-10 gold 4s..,. 1004 J - J
100% §ep.’98
J -J
101 105
Western Line ls tg 4S.1951 F -A 103 ....... 103 Nov’ 98
F -A
70% 80
5U 92% 90
40
01
Louisville Div g 3%s .1953 J - J
00 Sale
95%
90
J -J
St Louis Div g 3s..... 1951 J - J
81
8256 8276 Dec’98 .... 78% 83
J -J
02 9276 ^6
00 Sale
Gold 3*6s...............1051 J - J
95*6
90
J -J
Cairo Bridge gold 4s.. 1050 J -D
..............
J -D
122 128
F- A
8prtng Div ls tg 3*6s.l051 J - J ................
125% 120
................
187%144
J -J
107 107
Chic St L A N O g 5s.. 1951 J -D
115*6 125
125 Nov’98
123 123
J -D
107 113*6
123 Sep.’98
130 142*6
Gold 3*6s...............1951 J - D
J -D
140 140
100*, 103%
Mem Dlv 1st g 4s... .1951 J -D
100*6 Nov’ 98
130% 18876
J - I>
Bellev A Car 1st 0s.... 1928 J -D 118 .......
108 10876
St L Sou 1st gu g 4s... 1981 M -S 101 ....... 93
93
143 140
08 **2 w3
00
90
Carb A 8 ls tg 4s......1932 M - S 08 ....... 90 Nov’98
120*6 125*6 In d B lA W . See C C C A 8t L.
97 105
Ind Dec A W 1st g 5s.. ..1935 J - J 108 104 104 'Nov’ 98
110 118% Ind 111A la 1st ref g 5s.. 1948 A -O •104*6 Sale 104*6 105 ’ 14 103 105
110% 117
110 123%
lnt A Gt No 1st gold 08.1919 M-N •122*6 120 122% Nov’98
93
93
147 147
2d gold 5s................. 1909 M-S • 02
92%
93 * 27 78
35 44
01%
141 145
3d gold 4s................. 1921 M -S
01 Sale
8 07 IC0
Iowa Central lstgold 5s.l938 J -D •105 ....... 105*6 106
Iowa Midland. See Ch A N W.
Jefferson RR. See Erie.
IZ a lA A G R . Sm LSAM B.
108 111% IVau A Mlcb. See Tol A O C.
K C A MRAB 1st gug5s. 1920 A- O
87*6 101
8*1%
71 Sale
09%
72 230 05
100*6 U0% K C P A G 1st A col g 58.1923 A -O
85*6 102% Kan C A Pac. See M K A T.
Kansas Mid. See 8t L A 8 F
Kentucky Cent. See LA N .
97 102
Keok A Des M. See C R I A P.
51 40
00
00 Sale
Kings Co El ser A 1st g 5s ’25 J -J
55
60
3 35
49
Ful EH 1st gu g 5s ser A .’29 M -8
40
40*6....... 46
Knoxville A Ohio. 8ee 8o Ry.
8 115 118
104 110% T ake Erie A W ls tg 5s. 1987 J -J 118 ....... 118
118
L i 2d gold 5s............. 1041 J - J 104% Sale 104
10476 12 95 104%
7 100 102
North Ohio 1st gu 5s.. 1945 A-O •.......108% 100% Deo *08
92% 92*6 L 3 A M 8. See N Y Cent.
104 104
104 Aug’98
101 118*6 Leh Val (Pa) ooll g 5s .1997 M-N
M-N
LehVN Y 1st gug 4*6s.. 1940 J - J *105*6....... 105% 105% 14 99 100
J -J
Leh V TerRy lstgu g 5s 1941 A-O
110 Nov’98 .... 107 112*6
112 110
100*6 J’l y ’97
A-O
110*6119*6 L V Coal Co 1st gu g 5s.. 1033 J - J
92*6 Mar’98 .... 98X 9Sji
108 113
J -J
01
92
118 118% Leh A N Y 1st gu g 4s. ..1945 M-S
9 1 * ....... 91 0ct.’98
104*6 105
M-S
188 147%
El C A N 1st g 1st pf 0s. 1014 A -O
140 143
A -O
101 8ep.’97
Leh A Wtlkeab. See Cent NJ.
138*6 139
183 138
Leroy A Caney Val. Sm Mo P.
Lex Av A P F. See Met 8t Ry.
Lltch Car A W lstg 0s.. 1910 J - J
29
34
L RAM lstg 5s 1037 Tr otfs.
....... 34
33 Dec *98
103 100
108 113*6 Lons Dock. See Erie.
Long fill’d—•1st con g 5s. 1931 O-Jl 120 ....... 124 Dec’98 .... L17 124
100 .......
94 ....... 97 Nov’ 98 .... 85% 97%
107 109
H
86% 94
Ferry 1st gold 4*6s.... 1922 M -8 02 ....... 04 Nov’98
Gold 4s.................... 1032 J -D
84* 94*
95 .
Debenture gold 5s..... 1934 J -D
N Y A R B ls tg 5s....1027 M- S 95 100
9*8
00
70
08 Dec’08 .... 98
Sep
100 10*2*6
99 111
N Y BAM B cong 5s.. 1935 A -O •101 ....... 100 Nov’98
84% 92%
Bklyn A Mon ls tg 08.1011 M -8
82
98
M -8
•102 107 .................. .... ................
Nor Shblstcon ggu5s..’32
10976111%
N Y Bay Ex R 1st gu g 5s*43 S '®
Montauk Ex gu g 5s. ..1045 J - J
*98% 101%
114%121
LaA M oR lv. See Chi A Alt.
LBAStLConcng5s.l939. )
53
52*6 Sale
Tr Co certs....................)
51
52*6 72 32
5
7
112 123
0*6 Nov’98
General gold 4s......... 1043 M- 9 • 4
10
82 100
100 Nov’97
Lou A Nash—Cecel Br 7s 1907 M - 8
120
1 120H188
NO AM ls tg 0s.......1930 J -J *124 ....... 120
1 106 111
111
2d gold 6s.............. 1930 J -J • I l l ....... 111
118 118
E H A Nash lstg 0s.. .1919 J -D • 1 1 4 * ....... 117 Nov’98
77*6 100
General gold 08.....
19SO J - D *117 ....... 117*6 118 “ *4 116X 181
High. No. Low. High
87 Aug’ 98
....... 92 N ov’ 98
...... 101*6 101*6 * 4
n *
BONDS.
B .T . STOCK E X C H A N G E
W e e k E n d in g D eo . 16.
] 249
B onfc
1 Sold.
Interest
Pernod.
BO NDS.
H .y. STOCK E X C H A N G E
W e e k E n d in g D ec . 16.
C H R O N IC LE .—b o n d PRICES (5 pages) Page %
Interest
Period.
TH E
D e c . 17, 1898.]
• No price Friday; these are latest bid and asked this week, t Bonds due August. ± Bonds due April. II Bonds due January. $ Bonds due July, a Option sales
OUTSIDE S E C U R IT IE S
Bid. Ask.
Gas Securltfen.
City Gm (Norfolk Va)....
35
88
1st 0S........................ $100
Columbus (O) Gas—Stock 78
75
1st 5s 1932............JAJ $108 105
Consolidat Gas (Balt) See Balt L 1st.
Oonsoi id Gas (N J)—Stck 15% 10%
1st 5s 193.) ......... JAI
88
86
Consol Gas (Pitts).........
25
Pref........................... "64% 55
Bonds 5s.................... 109*6 100%
Consum Gas (J City)—8tk 82
80
1st 0s................. MAN 102% ••••••
Detroit Gas—See N Y Rxo h. list.
(G
iv e n
at
f o o t
Bid.
Gas H ecurltles.
Fort Wayne (Ind)—Sto ,*k 08
1st 0s 1925...........JAJ
80
Grand Rapids—Stock.....
94
1st 5s 1915......... FAA $108
Hartford (Ct) Gas L . . .25 t 42
Indiana NatAIU Gas—Stk 48
1st 0s 1908 ... MAN 08
Indianapolis Gas—Stock. 115
1st 0s 1020......... MAN 108
Jersey City Gas Light—
Laclede Gas—N Y Stock Exoh.
Lafayette (Ind) Gas—Stk 88
84
1st «s 1024......... MAN
o f
Ask.
73
84
95
105
7
c o n s e c u t iv e
p a g e s
Gas S ecu rities.
Loganspt A Wab Val—Stk
1st 0s 1925 ..........JAD
Madison (Wls) Gas—Stck
1st 0s 1926......... AAO
Ohio A Indiana—8tock...
52
1st 0s 1026 ......... JAD
70
Peoples Gas A Coke—N Y
125
Philadelphia Co—See Bos
105% St Joseph (M o).............
5. 1987................ JAJ
St Paul Gas—Stock........
88
Consol 5s 1944 ....MAS
87
c»a*—stock.....
).—
G A S SE C U R IT IE S, <&c
Bid. Ask.
00
52
74
71
04
00
5 99* 102
50
70
68
Stock Brofe
ton L 1st.
41
80
05
92
53
51
*6%
i 84
20
2C*6
Gas S ecurities.
Syr’seGas— at 6s ’40.JAJ
VesteraGas (MUw) .....
5s—See N Y Stock Exch
T e le s . A T elep h .
\merlcan Dist Tele—NY
American Tel A Cab—NY
lentrai A South Amer—
Jhes A Poto Teleph—Stk
Bond 5s.....................
Commercial Cable........
lommer Union Tel (NY).
HupireABay StAte Tel..
3And lnt,«rA«t. fPrlce
Bid. Ask.
94
80
91% 02%
list.
8tock Exch
Stock Exch
108
00
55
103 105
185 190
112 118
80
75
per sh are.
1250
THE
BONDS
r .t .b t o c k k k j u a n u k
W e n t S j b o h i D isc. IS.
n
C B R O N ID L E .— BOND PRICES (5 pages) P agb 3
«E_. I ...
Dee, 19,
Fi4
*»___ .
S!
Itm g t
r»-rtffl
BONDS.
iN.Y. STOCK E X C H A N G E
! W e e k E n d ing D ec. 16.
J sk
U n 4 X**&
«vUl 6*. }9tC M*8
11131 >1- 8
4i 1. 4)ir
IV -' M-8
iki foi* *4 .tt.
**..107 NOT‘98;
4 t)^c u i? s ... 1900 J - J
A-O
08.ek 'P iU A A Ii ft*.,
v
ft A N A tea* fiU * S*„. *1484
D X 105U Bate 1054 1054'
dekfi
0 7 4 Bale i 47
j - j
97H
‘J '.ere-i......... .tim
iVo“ l io
r- a 110 Rale 110
PtCI 4 All IftgU g
C<- - Crust i 5>»......... 1931 M X 10A4 lOi? 1106 PAO'98! ....
LASA MJtttl*!* *H» 1446 M- g •108 .....
k r . t i!il* t ia < S 4
JVS7 P- A •1044.......
Ee&iaeky Coot * 4s... 1987 J - J ♦ 91 ...**• 91 Oct»'98
..... 103 Jan.’Oft
L C u s i L u i 4 ^ ....1 W » »-K |
M^e C« <» »' 4*. 1945; M - 8
KA4CS. i S M C U L
109 Mat’ 98
LOttl* By (**&1*40**Ug 8>*U1980 J - J I
M fcfeoa Coal. Sm ISAU S .
*&&*Ua£ By eon 4** 1990 A - 0 ...... ...... 954
118 8ai« IU8M
102 ...... !l08
ttsttoped m 1*1 * « * . -. 1908 J - J
k « i .....................i$$® m * n
Mac 6 W Oolams g 5 *...1934. J - D
M v t K B4C ay l i t # 3*.i9tS| J - J.
M«K‘p’» A HV. 3m P Me KA V ,
MsttepoUtae S3. Sm Mao RjrJ
M«-. 0i Hr f*£> e l * # 3*.. 1997 f - A
IJwnyA .thA* istc* 3*. 1943; J - D,
Rertis*r*l ..,...,...1948]J-D
O o U M U v l*tgtJB5*.l998 M- g
Ka*i*t«r*d ........... .1998
8
U z A f A P F U t fu g 3*. *98] M- 8
HagU-issrod ................ ,*“ • 8i
J185
07H 130
118)*
102
123
i » r lo t
*94 * io s jj
1 0 0 4 10 dH
88
9?fc
964 i n
10141084
108 1094
874 1044
85
108
03
103
109
109
00
08*
8 114 4119*
7
101
105
1084 118
1144 12S«
118
118
121
Sal© 118
Sale 121
121
123
......11234
1384
l i e ” 1284
124 ‘ * Sal© *! i 24’ *
1844
U 7 “ 1244
60 664
.........
....... 834 Deo’98
16 .
1 M cos lnooeie * $s ..,,19891 JPlyt 1
SMCOOlne»:.:r.« f 3*.... 19JI
1
84 IqttSp A eoU (.• 5 # ......
1-0.
70H 84
Max Internet lsi : * <t*7? M- 8 ; 84 8*1o S3
Max X *i 1*1 (foli 3*..... 1987 J -D
*d toe A* ACp s u »«l. 1917 M-S*
34 Deo'98
64
64
fcS incon.© gold ft* B. .1917! Ami;
97 Fob *97
Mex North 1 st gold 3*,.1910'J - D
Herl*t*r*4...............1910 J - D
Mich Cent. Sm X Y CentMid at X J. 3m X V Bo* A W
10141014
1014 Nov'98
MO #3 Uy& LiQ*yr * Os. 1983 F
M L S I W. Sm Chlo A N W j
Mil A Med.
Chic A N W
MO A North. 3m Oh M A 81 P'!
Mil A 84 P. S+t Ch M A 81 P
Min A fiiL flra. Sm BC HAN
1424 143
148 OoC'08
Mine A St L—1st * 7* .. 198 71 J - Dj 143
10 0 4 1 10
1094 110
l«t 003* CO!(l S*
.1924 M- X 109
125 125
125 OcL’98
low* «x 1st gold ? *...! 009 J -D
ftontb Wset ex 1st g 7*.'10 J - I)
128 128
Pucise *x 1st gold 6 « .1991 A - O
M A P l*t 3* it 4c lDt ga.,’38 J - J
M ft^MAA Ut g U inlgu.’ad J - J
M 84PAB8 M ooo * 4s Int #0*88 J - J
MUm 84 By 1st ooag Ss.1919] J - J
Minn Cn. Sm St PM A M. j
Mo K*h A Tex-U*t#4*. 1990 J - D 0 0 4 Sale 804
91 408 824 0 2 4
68
«8 8896 57
2d goid 4s................ 1990 p-A! 67 Sale 654
88 Ang’08
1st exten gold 5*......1944 M- X ...... 85
834 88
8S 80
99
M K. A T e f T lst#ng3».*42,M- 8 88 Bale 85
88
10 704 76
75
75
K C A P*S let g 4*.... 1990 F- A. ....... 76
4 75
844
Dal A We Istgo g 3*.1940|M-N S24 Sale 824
824
Booqstt B4g Coga g 7s..*03; M-N
Teho A Xeoeho 1st 7s. 1908* J - D
Mo S A B 1st gn g 3s... 1942 A - 0 101 ..... 1 0 1
10 14
9341024
Mo P**~Utocm g fis.. .1920 M- N 110 Bale 1094 1 1 OH
03 11OH
2d 7s........................1903 M-X 112 .... 111 Nor* 98
1084 1 1 2 4
Trustg 3s........... ....1917 M-81 914 Bale 804
9*H 215 6 5 4 9 m
IU#l»t«re.3..... .....1917 M-S1
Isteoli gold 5s,.....,, 19901P- A
90 918 60
90 Bale 854
00
Usytstared...........1990 K- A
r* * It ot Mo 1st ax g4»,'88;!p- A m i l l io$ 106
106
100 106
2d extended sold 3s. 1038:'j - J 1084..... . 108 Nov’98
10 5410 0
Yerd V 1 A W ist g 6*..'86 M-8
U w r A C T A t l*t«3s*93 J - J !
• tL A IM t lst«xtg44*.*47 K-AI 1084 ..... 1084 1084 3 107 110]
S4 sxtg 5*.. ..... .1947 M-X IO6 4 Bale 108
10«4 40 1024 107;
Are Branch axi* 3*. 1983 J - D
106 Doe *96 ... 108 108
Oaooonry Aidgrtg 5s'81 A - O 1034 Bale 1024 1044 301 86 1044
Can oos stemp gtd g 3* *31 A - O 101 ..... 100
100 j 3 88 100
MtssRlsBAga. AssChleAAlt
Mob A Bins prior Hen g 5a'45;J - J
3 - g j . s i . .. .. .. . .. .. . ,.|2 - J
loaosb© goid 4s........1945,J - j
#aB*lJ,...,*............................
Mot» A Ohwj nsrwgold 5*,,*87|. J - f> * 124 Bale 124
194
I I 8 4 1»54
1st «jrtsm*itFn gold 6«,1997IQ-ill 118 .... 116 Doc *98
no lie
44®e?*l goKI 4S,..... ..1926 M- H 894 Bale 824
834
834 1128 70
Morntgosa Dl* 1st g 3s, 19471 P- A 105 Bale 1044 105
ft 074 105
At L ft Cairo gu g 4s ..193 i J - J
Mohawk A MsJL Am X Y C A II
Moaotijrafcsia lUr. Am B A O
Mcm Oe»C .8m fH P M A M.l
Micte^k Sxt. 5Ml*msia,
Morgan's l a A T. Sm 8 P Co.
Moms A Eaaax. Am I>«114W
ChwiAM l> 1st 7s.*13*J - J
HM.188 13*
3j 128 133
>rM>
1
.1
.. ,..,.,'1054 Not’97
1*1 ■
.* 107 1074
.1926 A - Ol
a 100 1 0 7 4
■J
•
lift 3* Matt MW A AC 1917 |J •4
1*?, g«M4 As J
Bch. 193-11 J ■J
9f**fc n--r A -8hai. Set t. A X j
Xsw || A D- Am X T X IIA 111
Met Omieon gold 4*. ..1811 J - J j; m
It ‘ *
UR. 8*4 & T C « b L
i i w f hem, ,4m f ’ ©rit N J
tw # C * Ti B 4 rt. 8e* Paan Ooj
•X-'Xk
T f t k tt ins Ik h
9*4 U ,
Y Bay E xtaa RR_ 5*4 T» I,
A I I ft—1*4 7*1 9 0 ? J - J 1174 ......
......
l ie n •iwfwd.............. l e o i i J - J i i l ?
flfW .I
&-» t 1^^4*1904,41 - H 109
...... n o
___ t
m « }M - H' 110 Rale
109
25
nav
lid
N o v ’ 98 .... 113U
no
9j 100
1811100
no
1X04
119
112
in > H
* H o p r ■■a rr.'tsir; tfeeae are ls44«t bid and askad this week.
OUTSIDE S ECURI TI ES
T s ls ft 4c T**lr|* h. | Bid. Ask.
K*-« Twttig A T*4**b‘ .*>9. j
1 ,■-e,
..... l i t 118
( Gi y k n
T e lr g
P rice
Frida y,
3*0
If
Dec. 16.
Bid,
N Y Cent (Con.)
Hog deb 3s of .. .1889-1904 M -g
Debenture g4s.. 1890*1905 J -D
Registered..... 1890-1905 J -D
Dobtoerts ext g 4s. .,,1905 IU-N
Registered..............1005 M-N
Q 8 4 s.......................1907 J - J
Registered.............. 1997 J - J
Lake Shore col g 948.1098 F -A
Registered.......,...1998 F -A
Mich Cent ooll g 34»- -1998 F -A
Registered..... .,,..1908 F - A
Harlem 1st 7s............1900 IYI-N
Registered............. 1000 M-N
NJJuncR gu 1st 4b . 1980 F -A
Registered............. 1088 F -A
West Shore 1st 4s gu.2301 J - J
Registered..........2361 J - J
Beech Crk lstgn g 4s. 1930 J - J
Registered .........
1036 J - J
2dgugold 5s........1936 J - J
Registered....... .
1930 J - J
Clearlleid Bltnm Coal Corp
ls ts f intgu g 4sserA.140 J -J
Small bonds series B..'40 J - J
Gouv A Oswe 1st gu 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 1st gu g 5s. 18 M-N
Oswe A R 2d gu g 5s..19X5 F-A!
Utica A Blk Rivgu g 4s.'22 J - J
Moh A Mai 1st gu g4s.l99l M -S
Cart. A Ad latgu g 4a. 1981 J -D
N T AFutlstoongug4B.’03 A -O
N Y A North 1atg 5s..1937 A -O
Lake Shore A Mich South—
Det Mon A Tol Ist7sl906 F - A
Lake Shore dlyld 7s. 1899 A -O
Consol 1st 7s...... 1900 J - J
Registered .,.,,,1900
Consol 2d 7s....... 1903
Registered....... 1908 J -D
Gold 8 4 ».......... 1®97 J -D
Registered.......1997 J -D
CinA S istgL8AM87a'03 A -O
K A A G R 1 st g o 5s. 1938 J - J
Mahon C’lRRlflt58.1934 J - J
Mich Cent—1st con 7sl902 M-N
1st con 5s..............1903 M-N
8s..................... ...,1909 M -S
5s....,................... 1931 M -S
Registered ........ 1931
is .. .. .......
1940 r j
Registered......... 1940 j - j
Bat C A 8 t lstgn g 3s.’89 J -D
N Y Chic A 8 t L lstg 4a.l9S7 A -O
Registered................ 1937 A -O
N Y A Greenw Lake. See Erie
N Y A H a r. SeeNYC & H ud.
N Y Lack A W . Sw D L A W
N Y L E A W. See Erie.
N Y A Man Boh, See Long Is.
N Y A N K . S eeN Y N H & H
N Y N H A H a r t Is tre gis .’OS J - D
Convert deb certs f 1,000 .. A -O
Small oertfs $ 1 0 0 .........
Housatonlo R con g 5s.l987 M-N
N H A Derby oon 5s.. .1918 M-N
N Y A N E 1st 7s...... 1005 J - J
1st 0s....................1905 J - J
N Y A North. See N Y O A H.
N Y O A W oon ls tg 5s.1939 J -D
Refunding 1st g 4s....1992 M-81
Regia $5,000only...1992 M-Si
N Y A Put. SeeNYO&H.
N Y A R B. See Long Ial.
N Y 8 A W . See Erie.
N Y Tex AM. See 80 Pao Co.
North Illinois. See CM A NW.
North Ohio. See L Erie A W.
Northern Paolflo—
Gen lat RR A LG flf g8s.’21
Registered..... .
1921
8 t P A N P gen g 08...1923
Registered otfa.......1923
Prior lien r A 1g g 4s. .1997
Registered............1997
General lien g 3s......2047
Registered. ......,,..2047
Wash Cent 1st g 4a., ,1948
Nor PacTerCo Istg0s.l933
Nor Ry C&i. See Cent Pao.
Nor Wlfl, See OSt PM AO.
Nor A South 1st g 6 a.... 1941 M-N
Nor A West gen g 6 a. ...1931 M-N
Now River 1st g 6a....1932 A -O
Imprvmt A ext g 0s... 1034 F - A
GO A T Is gug 5s....l922 J -J
Solo VAN Elstgug4a.l989 M-N
N A W Ry lstoong 4s. 1996 A -O
Registered.............1990 A -O
Small............
1996 A -O
Nor A Mont. See N.Y.Cent,
A L Oh lat oon 0s..1920 A -O
O g Incom
e..,,........, 1920 A -O
Income sm all....,..,.,.... A -O
O Ind A W. 3u O O 0 A 8t L.
Ohio A Mias. See BAO 8 W.
Ohio River RR lBtg 5S..1936 .1 -D
General gold 5s......... 1987 A -O
Ohio Southern ls tg 8s..1921 J -D
General gold 4s........1921 M-N
Eng Tr Co certfa............
Om A St L ls tg 4a.......1901 J - J
Ore A Cal. See 80 Pac Co.
Ore Ry ANav ls ts f g 08.1909 J - J
Ore RR A Nav oon g 4tj,. 1046 J -D
Ore Short Line ls tg 08.1922 F -A
Utah A Nor 1st 7a......1908 J - J
Gold 5b. . ................1926 J - J
[Vol. LXYII.
Week’s
Range or
L o u Bale.
A$k. Low. High.
Range
from
Jan, X.
Low .Sigk,
100
.......
1 0 3 4 .......
tos .......
103*4 Bale
103 .......
UO ..... .
108 .......
0?H Sale
97 Sale
9 5 4 .......
95
054
105 4 .......
1054 .....
1 01 4 .......
1094 8ep.*97
102
10 0 4
105 Nov’08
1044 10412
1044 Feb.’98
1034 1034
10 0 4
104 106
1044 J’ne'98
110 Dec *98
1054 110
1044 10S
108 Nov’98
074
904
974 229 94
32 934 97
964
97
106 914 97
964
97
91
98
98 Nov’93
1054 1094
1054 Dec *98
1044 1094
1054 Dec *98
108 May’97
1124 Sale
1004 i l l
112
108
106
113
1124
Nov* 98
J ’n e’ 98
05
J'ly *98
1191.4
1294
1 11 4 ...... 107
......129
10 2 « U S
1014 108
108
100 106
130H
Ang’08
1234 Nov*08
191 Apr.’98
1024 1024
^ V98
12*1*’
no
1024
122
121
1SB«
106
108
1254 ■
12 14 .
106
108
1064
Nov’ 98
i' 0‘ 6 " 1 OT«
104 ’ 0«
1044 OOL’97
172
173
17t
1724
1204 Aug’98
145 118
145
138H 130H
1214 Nov’98
116 Dec ’9S
119 121M
113M 116
108
104
*1704 .
191
115 4
107
188
1»7
1054 1064 1054 1064 241 105% 109
1034 1044 .115 <W W4W
1 0 1 « 1 0 1 J*
1014 Nov’98
1014 ...
....... 1044
1174 1174
117 Oct ’98
1314 Oct-’98
130 8ep.’98
102 Sale 1014 1 0 2 4 184
1 0 0 4 8ep.’0S
’ 0 9 4 Sale
684
694 587
*1174 ■
, 120
1 1 a 119«
118 HO
124 131*
12414 160
90S 108H
B3 1 0 l 8
57
69«
88" 90
88
115
Nov’ 91
115
104
102
J’ne’98
102 105
102
Jan.’98 . . . .
102
116
160 } * 1
129 127 D e c ’ l'S
118 1*8
...... 128 Nov’98
117 H O *
1174 Aug’98
♦105 ...... 101 Feb’97
B7«
4 82"
96
97
97
974
894 8 ale
894
90 294 7 4 « »0
»127
126
84" 8ep.'08 . . . .
9 8ep.’98 . . . .
84 Sep.’98
51
80
81
80
102
80
J it
75
I£ *
89
111 110
994 Sale
129 130
114 Oct.’98
99>4 100 210 89 1014
1294 139« 29 118 131
121 J’ne’ 98 . . . . 121 121
102 May’97
t BondB duo .Inly, il Bonds due June. $ Bonds due May. t Bonds doe Nor
yt foot of
4e T elep h .
WeePn t nloc Telog—X Y
7 CONSECUTIVE
Bid. Ask. I E lectric
Bxob
pages ).—
Companies.
TEL, £ ELECTRIC\ £c,
Bid. Ask.
%
4c.
i ecrrlc C o m p aifss. Bid. A ik .
j l'oron to (Can) ElecLt Co. 135H 1864
1 5 Thom-HonstTyeldlng Co.
80 !1 Jutted Elec Lt&P Co pref
100
12
18
83
85
lit
r, $UtW Tftjirpiv«&e| 75
70
Allegheny Oo Light Co... Iflfi 175
General Electric Co—-N Y Stock Ere) ' iV0 onsocket ( R I) El Co.. 100
lS.lJ!rfrTi Onpiiaa®.., ....} JG>ft
■
■•••■..... . . 40
Do pref.—Su Boston L
50
♦.,**{ YtO 205
Br'dgprt (OO El Lt Co.25 t 41
45 |Hartford (Ct) ElecLt Co. 125
v F e r r y Companies.
ft-,ie RC’©. Consol ElACtftc Storag®..
M « X 0 T*4*<5‘br*c.‘».
94
nnrtra(Ct) i.tAPo»Oo25 t 44
: 4’klyn & N Y Ferry-Stock 40
404
N#w
Ik'*-’ \i£U IUS.
"Eddy Ki'fsotHc Mfe Co..26 t.... ,15
Mo Edison Eleotri;..... .
2 2 4 23H
5 954
7 fr"»«rT
Edison Si 111Co NY—N T Slock Excb
Do preferred..............
00
»oboken Ferry—Stock.,. 143 144
01
X_T A X J
Edison El IllCoBrk—N Y Stock Exoh Narragan. (Prov)El Co.50 1x84 , L*,T 1, let 6s 1940........ ,M&N 110 lit
14# i 4f^
113
Editor lire Milling Co,...
11
177
14
d otropolltan Ferry—5s.. 5108 no
#■5* A A12SHBUe..
r ve Co .......
$0
28
30 1 Rhydelslant* E Pro Co. x!184 125
SAnd interest. tPrlOf «>er sh are.
|Fort, Wayne Elec. Co..25
THE
Dec. IT, 1898.
BONDS.
H .T.8TO O K E X C H A N G E
W e e k e n d in g D eo. 16.
11
Sfi
P rice
Friday,
Dec. 16.
Range,
fr o m
Jan. 1.
Week’s
Range o r
L a s t Sale.
Bid
Ask. Low. High. No.
38
Ore 8h L—1st oon g 5s... 1940 J - J 11954 Sale 11054 H I
84
84)4 96
Non-cum lac A 5s......1940 Sep.*
84)2 Sale
03)4
05 190
Non-cu Inc B A col tr..l940 Oct.* 04)4 Sale
Oswego A Rome. See N Y C
O CJFAStP. See C A N W
acCoastCo—1 st g5s.1940 J - D 104)4 Sale 10354 104)4
P so
of Missouri. See Mo Pac
Panama ls ts fg 4%s--- 1917 A -O
8 fsubsidy g 6s.. .....1910 M-N
Penn Co gu ls tg 4%s...l921 J - J 110 Sal- 115)4 110
110 J’ly ’ 98
Registered.............. 1921 J - J
102 Nov’ 98
Gtd3 4s col trust reg. 1937 M-S
P C C A St L oon gu g 4%s—
114 Dec’98
Series A ................. 1940 A-O *114 .
111)4 Oct,’ 98
Series B guar.......... 1942 A -O *114
113 Nov’98
Series Cguar.......... 1942 M-N 108)4
100 Dec ’98
Series D 4s guar..... 1945 M-N 100 .
108 Dec’98
PltUCln A 3t L is t 78.1900 F -A
109)4 Apr’ 97
Registered.............. 1900 F -A
141 Nov’98
Pitts Ft W A C 1st 7s. 1912 J - J
141 Nov’98
2d 7s...................... 1912 J - J
3d 7s...................... 1912 A-O*
112)4 Apr’97
StL A P 1st con g 58.1932 A- O •115 .
Registered............. 1932 A- O
107* ’ May’98
rji©v A Pitts con s f 7s. 1900 M- N '105)4
Gen gug 4%sser’8A.1942 J - J
Series B. ........... 1942 A-O
Brie A Pitt gu g 3%s B.1940 J - J
Senes C ................ 1940 J - J
GrRAIexlstgug4%s.l941 J - J
102 Nov’97
Allegh Val gen gug Is. 1942 31-8
N A C Bdgegengug 4%s.*45 J - J
108 May’97
/ ennRR 1st real esg 48.1923 M-N
Con sterling g 0s.......1905 J - J
Con currency 0s reg... 1905 Q-M1
Cong 5s................... 1919 M- 8
Registered..............1919 Q -8
Cong 4s....................1948 M-N
Cl A Mar 1st gu g 4%s.l935 ->I-N
ON JR R A Can gen 4s. 1944 31- S
115)4 Feb.’98
D R RRA Bge 1st gu 4s g.’30 F- A
Sun A Lewis ls tg 4s .1930 J - J
Pensacoia A At. See L & Nash
98)4 Dec’98
Peo DecAB lstg 0str rec.’20 J - J 98
93
94 Dec’98
Brans Div lstg0strrec.’2O M -8
18)4 J’ne'98
2d g 5s tr rec 1stpd.. 1926 M-N
Peo A East, See C C C A St L
120 May’ 98
Peo APek Unlstg 0s... 1921 Q -F *121
90 8ep.’ 98
2d g4%s...........Feb., 1921 M-N • 90
137 Nov’97
Pine Creek reg guar 0u. .1982 J -D .....
Pitts Cin A St L. See Penn Co.
P C C A 8t L. See Penn Co.
•110 111)4 107)4 Oct.’98
Pitts Clev ATol lstg0s.. 1922
Pitts A Connellsv. See B A O.
Pitts Ft W A Ch. SssPennCJo.
121 Nov'
Pitts Juno 1st g 0s.......1922 J - J 133 .
Pitts A L Erie—2d g 5s .. 1928 A-O! i20)4 .
Pitts McK A Yd—lstgu 0s.’ 32 J - J 120 .
i 2d guar 0s................. 1934 J - J
McKee A B V 1st g 0s.1918 J - J
90 Oct.'98
Pitts P A F 1st g 5s..... 1910 J - J
12)4 Dec’98
Pitta 8h A L E 1st g 5s.. 1940 A-O
98 J’l y ’97
1st consol gold 5s..... 1943 J - J
97
100)4 231
Pitts A West ls tg 4s... 1917 J - J 100)4 Sale
Pitta Y A Ash Istoon5sl927. M-N
80
87
J
J
eading
Cogeu
g
4s...1997
86)4
Sale
R Registered........... 1997 J -J
Rensselaer A Sar. See D A H.
Rich A Dan. See South Ry.
92 Sale 90%
Rio Gr West 1st g 4s... .1939 J - J
9256 173
91 J’ne’9r
95
Rio Gr June 1st gu g 5s. 1989 J -D
lo o
Rio Gr 8o 1st g 3-4s...... 1940 J - J
75)6
70
Roch A Pitts. See B R A P.
Rome Wat. AOg See NY Cent.
lstg si 0s. ’ 03-13 J -J
SaltLakeC
83 Deo’ 98
t Jo AG I lstg 2-3-48.. 1947 J -J
8t L AAT H. See Illinois Cent.
Bt L A Cal. Sm Mob A Ohio.
St L A Lron Mount, See M P.
8t L K C A N. See Wabash.
Bt u M Br. See T RR A of StL
S tL AS F 3d g 0s Cl A ..1900 M-N
. 1>0)4 114 J’ly ’98
Id gold 0s Class B......1906 M-N
. 110)4 113)4 Dec'98
2d gold 0s Class 0...... 1900 M -N
. 110H 114 114
1st g 0s Pierce C A 0..1919 F- A
General gold 0s......... 1931 J - J 124)4 8ale 123)4 124)4
General gold 5s......... 1931 J - J 108% Sale 108)4 109
1it trust gold 5a........ 1987 A -O 100
100 Nov’98
Ft 8 A V B Bdg 1stg 0s. 1910 A -O •107 ...... 105 Oct,’97
Kansas Mid 1st g 4s.. .198’' J -D
S tL A 8 F R Rg 4s....1996 J - J
80
84)4
Southw Div 1st g 5s...1947 A -O
2754
9754
Bt L So. See Illinois Cent,
§t L 8 W ls tg 4s bdefs. 1989 M-N
84)4 Sale 84)4
85% 310
2d g 4s Ino bond ctfa. .1989 J -J I
40 Sale 8854 „ 4054 844
Bt Paul City Cab. c u 5s. 1937 J - J
90 Nov 9
Guaranteed gold os... 1987 J - J
BiPaul A Duluth 1st 5s. 1931 F- A 119)4..... 117 Nov’ 98
2d 5s.........................1917 A -O 110)4 114 110
110
BiPaul M A M 2d 6s....1909 A - O 121)4..... 121*4 Oct,'98
Dakota ext gold 0s.... 1910 M-N 123 ...... 123 Dec’98
1st consol gold 0s..... 1983 J - J •138 143 138 Dec’ 98
Registered ............. 1938 J - J
Reduced to gold 4%s 1933 J - J 113
11856 Dec’98
Registered............1933 J - J
106% Mar’9*
Mont Ext 1st gold 4s.. 1987 J -D 100)4 .
102)4 Dec'98
Registered.............. 1987 J -D
90 Feb.’98
Minn Union 1st g 6s,.. 1922 J - J
122)4 Jan.’9S
Mont C 1st gu g 0a.... 1937 J - J
180 Oct.’98
Registered.............1937 J - J
115 Apr’97
1st guar gold 5s..... 1987 J - J 112
112)4 Sep.’98
Registered..............1987 J - J
EM lstdlTlstg6s... 1908 A -O 112
110 Nov’98
Registered............. 1908 A -O
W111A8F ls tg 5s....1988 J - D tll)4.... 118 Aug’98
Registered............. 1988 J - D
•t P A Nor Pac. See Nor Pac
Bt P A 8’x City. See C StP MAO
8 A A A P. See So Pac. Co.
BF A N P ls t s f u 5s. ..1919 J -J
100)4 Oct. *97 ..
BONDS.
§ i
N. Y . STOCK E X C H A N G E S c
W e e k E n d in g D ec . 16.
L o w . H ig h
8av F A W 1st con g 0s. 1934 A -O
111
ls tg 5s............
1934 A -O
85
67)4 8doto Val ANE. SesNorAW
Seab A Roa 1st 5s........ 1920 J - J
Sea A B Bdge. See Bklyn El.
102 107)4 Sod Bay A So ls tg 5s... 1924 J - J
8o Car A Ga 1st g 5s.. ..1919 M-N
Southern Pacific Co—
Gal Har AS A ls tg 08.1910 F - A
2d g 7s....................1905 J -D
108 110
Mex A Pac div 1st g 5s.’31 M-N
110 110
H ou sA T C lstW AN7s.’ 03 J - J
102 102
1st g 5s int gtd....... 1937 J - J
Cong0s ln tgtd......1912 A-O
109)4 114
Gen g 4s lnt gtd......1921 A -O
108 11354
113 113
Morgan’s La A T 1st g 6s.’ 20 J - J
104 100
1st 7s..................... 1918 A -O
N Y T A Mexgu lstg4s.’ 12 A -O
10054 108
Ore A Cal 1st gtd g 5s. 1927 J - J
140 141
8 A A A Pass 1st gug 4s.*43 J - J
140 141
Tex A N O 1st 7s.......1905 F- A
Sabine dtv 1st g 0s. .1912 M -S
Con g 5s................. 1043 J - J
8oPof Argu ls tg 0s.’ O9-lO J-JI
8 P of Cal ls tg 0s.’05-12 A -O
1st con guar g 5s..1937 M-N
A A N W is t gug 58.1941 J - J
8 P Coast 1st gu g 48.. 1937 J - J
8 Pacof N Mex 1st gOs.’l l J - J
South Ry—1st con g 5s.. 1994 J - J
Registered..............1994 J - J
Mem Div ls tg 4-4)4-5sl990 J - J
Registered.............1990 J - J
E Ten reor lien g 4-58.1938 M-S
Registered..............1938 M-S
AlaCen R ls tg 0s.... 1018 J - J
Atl A Ch Air Line lno. 1900 A -O
Col A Greenv 1st 5-08.1910 J - J
E T Va AGa 1st7s....1900 J - J
Divisional g 5s........1030 J - J
115)4115)4
Con 1st g os............1950 M-N
Ga Pac Ry 1st g 6s....1922 J - J
Knox A Ohio ls tg 0s .1925 J - J
Rich A Dan con g 0s. .1915 J -J
95 101)4
94
90
fund g 5s. 1909 M -8
» bslnk
stamped......1927 A -O
15
18)4
Virginia Mid gen 5s... 1930 M-N
130 120
Gtd stamped........ 1930 M-N
W O A W 1st oy gu 48.1924 F -A
85)4 90
West N C 1st con g 08.1914 J - J
S A N Ala. See L A N .
Spok FallsANor lstg 08.1939 J - J
107)4 107)4 |3tat Isl Ry lstgu g 4%s.1943 J -D
iSunb A Lew—See Penn RR.
Syra Bing A N Y .See DLAW.
121 121 ’ Per A of St L ls tg 4)4a.’39 A- O
1 1st con gold 53.1894-1044 F- A
St L M Bge Ter gu g 5s. 1930 A-O
Terre Haute Elec Ry g 0s.’ 14 Q-J*
Tex AN O . See 8o Pao Co.
90
90 j TexAP Ry Edlv lstg 0s. 1906 M -8
104 112%' 1st gold 5s................ 2000 J - D
2d gold Inc. 5s, Dec.. .2000 Mch.
76)4 10054 Third Av 1st gold 5b. .. .1037 J - J
Tol AO C ls tg 5a........ 1985 J - J
Weat’ndiv ls tg 5s....1985 A-O
*7754 87)6
General gold 5s..........1935 J -D
Kan A M 1st gu g 4s. ..1990 A -O
Tol Peo A W litgold 41.1917 J - J
78)4 9256 T S t L A KO 1st g 6s tr. 1910 J - D
91
9454 " ' liter A Dal 1st og 5s. 1928 J - D
nlon El av. See Bklyn Elev
54
SO
Cn El (Ohio) 1st g5s....1945 A -O
Un Pac-RR A 1 g g 4s. 1047 J - J
Registered............. 1947 J - J
09)4 84)4 Tr Co etfs g 4)4*....... 1918 M-N
U P DAG 1st c g 5s tr rc.’39
Cnl N JRR AC Co. See PaRR
Utah A North. See Ore S L.
Utica A Black R. See NY Cent
er Val Ind A W. See Mo P.
111 110)4 V lrglma Mid. See South Ry.
HIM 110)4 IXTab RR Co lstg 5s.. 1939 M-N
11154 U 0 * VY 2d gold 5i..........1939 F -A
Debenture series A .... 1939 J - J
Senes B.................. 1989 J - J
114 124)4
lstg 5s Det A Ch Ext. .1941 J - J
98M 100
StChasBrtdge lstg0s. 1908 A- O
02)4 100
Warren RR. See Del L A W
Wash OA W. See Southern
West N Y A Pa-lBtg 5s. 1987 J - J
80
M
90
9754 Gen g 3-4s................. 1943 A -O
Income 5s....April, 1943 Nov.
70
85)4 West No Car. See South Ry.
25
4054 Western Pac. See Cent Pac.
W Chic St 40-yr 1st cur 5s.’28 M-N
40-year oon g 5s........ 1930 M-N
West Shore. See N Y Cent.
115 117
105 111)4 W Va A Pitts. See B A O.
120 122*4 W VaCentA P ls tg 08.1911 J - J
118)4 124)4 WheelingAL E lstg5s. 1920 A -O
Trust Co certificates.........
128 138
Wheel Div 1st gold 5s. 1928 J - J
105)4 11856 Exten A Imp gold 5s.. 1030 F -A
Consol gold 4s..........10* * J -J
93)4 10354 Wilkes A East, See N Y 8 A W
Wtl A 8ioux F. See 8t P M A M
96
96
122)4 122)4 Winona A StP. See C A N W
WisCentCo lsttrg5s ..1937 J - J
118)4 182
Engraved trust certificates.
Income 5s.......... . .1987 A-O*
107 112)4
90
58
39
105)4110)4
118
113
P r ic e
F r id a y ,
Dec. 16.
B id.
Compniitm.
N J A N Y Ferry—Stock..
1st 5s 1948...........JAJ
N Y A E R Ferry—Stock.
Bonds 5s of 1082........
S 7 A 8 B Trans A Ferry
Bonds. 5s, of 1900.....
10th A 33d 8ts Ferry.....
1st mort Sr 1919...JAD
Union Ferry—Stock.......
1st 5s 920......... MAN
Buyer pays accrued
Price per share.
Bid. Ask.
(G
iv e n
a t
fo o t
LMlHCttllnnnoiiN. Par.
icker Merrall A Con.100
1m Air Power of N Y. 100
1105
72
76
Vmertc’n Axe A Tool. 100
5100
101
Amer Bank Note Co...50
28
86 : \merlcan Brake Co.. 100
5 8k
92
Amer. Caramel—Cora__
85
90
Preferred...................
«105S<
Amer Groo—1st pref. 100
42
44
Amer Malting Co— See
1103 104
Am Pneumat Tool Co. 10
Intere St.
4mer Press Asi >c’n..100
American Screw......250
o f
7
Range
from
Jan. 1«
W eek’s
Range o r
L a s t Sale.
Ask. L o w . H ig h . N o . Lo w .H x g K
104)4 Oct/97
10454 Feb.’98
101% Sale
101
107
90% Sale
111
ill
80
102
10454 104%:
102 122
92
107
100
92
Jan.’98
Dec’98
99%
102
107
105%
99%
113
..... . 113
...... 112 Dec’98
Sale
86
8056
120% Feb.’9s
127 Apr.’98
107%113
105 113
7054 8054
9354 Nov’ 98
7554
70%
75
93%
55% 7054
7054 Sale
110
120%120%
127
127
110 110%
110%
100% Nov’97
108 ..... 10354 Dec’98
111)4 Sale 111% 111%
100%..... 109% Oct.’98
105 100 102% Nov’98
90 ...... 90
90%
96% 10394
100%112%
10054 H0%
92% 102%
81% 90%
105%112%
109%..... 113% Nov’ 98
105 Sale 104% 105% 310 87 105%
98
98
98 Oct.’98
103 107
107 Nov’08
107% .
90
10254 Nov’ 98
10254
112% Aug’97
107% Sale
..... 110%
115% Sale
122 .....
119 .......
..... 128%
100 .......
104%.......
118 Sep.’ 98
107% 107%
116% Nov’ 98
114% 115%
125
125
118% Nov’98
126 Dec ‘98
101 Nov’97
104% 104%
118 118
105%108
112% 117
107 115%
118 125
112 118%
118 120
109% Dec’ 98
90 Aug’98
118% Dec’98
102 109%
8754 20
110% 118%
110 ..... 110
95
110% .
112% Aug’98
110 Dec’98
108 Oct-’O
.......107
110 Sale
47% Sale
1.......128
106 .......
105% 8ep.’98
107% 110
40%
48%
128
128
100% Dec’98
104 Nov’98
109 112%
105%110%
105%110%
90% 110
28
50%
1 117% 128
102 106%
108 105
50
2503
70
09
80
08
80
....... 80% 80
78% 79
78% Dec ’98
00
91%
99 100 100
100
103%......
102% Sale 102% 103
99% Oct.’98
08
08
8756 Sale
8054
88%
113 Sale 113
....... »4% 08%
34%
30
108
108
110 J’ne’98
110% 8ale
110% 110%
Sale
......
!!!!!.* “ is*
53%
14%
99
103% .
103% .
' 92% .
02% Sale
83%
70
02
104
88% 103
98% eg*
44
68
48% 88%
104% 114%
74% 25%
113%
95%
1 0 8 % .......
35
108
105
100 110%
110%
110
1100 21
1
5856
14%
30
97 108
108% 110
103 110%
47% 59%
10
20%
Deo’07
108
103
108 Dec’98
100 8ep.’98
92% Mar ’08
53 , 55%
100% 103
100 108
90 108
92%. 93%
85
55%
34 Nov’97
02%
03%
7 Nov’08
88% 04%
4
7%
GAS A ELECTRIC LIGHT BON D8.
Atlanta G L Co 1st g 5s. 1947 J -D
00% 01%
Bos U Gas tr ctfs s f g 5s.. ’30 J - J
9156 Oct,’08
109% 110%
Bklyn U Gas 1st cong 5s..’45 M-N 115 Sale 115
115
ChGLACCo. See P G ACCo
Columbus Gas 1st g 5s. .1932 J - J
’on Gas Co. See P G A C Co.
89 97%
Detroit City Gas g 5s....l928|J - Jl 07)4 Sal*
95
97% 803
Mo price Friday; these are latest Did and asked this week, t Bonds due June, t Bonds due .Jmy. ,i Bonds due March.
OUTSIDE SECURITIES
1251
C H R O N I C L E . —BOND PRICES (5 pages) P age 4,
c o n s e c u t iv e
p a g e s
Bid. Ask.
Mlacellaneoun. Par.
un Smokeless Powd.100
07 100
82% 38% Vm Soda Foun—Com. 100
1st preferred.......... 100
18% 27%
41
2d preferred.......... 100
t 38
Amer Steel A Wire—Set
107 111
vroer*oan Surety.......50
50
Amer Tin Plate—Com__
100
0
Preferred .................
Stock Ex rt
Subscriptions ............
Am Typero’rs—Stock. 100
Amer Sewing Machine. .5
100 io n
t i l 5 185
Amer Strawboard....lOO
).— F E R R Y
Bid. ABk.
5
50
40
t5
St’ck Ex 1’t
175
83
84
93% 94%
t
> oondsdueJan. 4Roads due Mo v
48
2
82
62
3»X
de
M IS C E L L ’S
Bid.
\aier Wringer com...luu
102
Pref........................... 114
Kmer Graphopbone.... 10 t 12% *13%
Preferred................W)
Anderson (John) Tob.100 ' ! ?
12%
Automatic Vending... 10
BarneyASm Car-Corn. 100
10
Preferred..............100 68
71
0s 1042................ JAJ 100
Bergn A Kng Br—See Phi L list,
1st 6s........................ 110 112
5Anfi interest.
tPrioe per sb are.
M is c e lla n e o u s * . P ar.
TH E
52
C H R O N IC LE . — BOND PitICES (j5 pages) P age
b
.
[V o l .
LXVII.
Range
Week's
Price
| a*
BONDS.
Banffeor
El
Friday,
from
!
N.
Y,STO
CK
K
X
C
H
A
N
(4E
Jan.
1,
Last
Sate.
Dec.
10.
|
fS
W k b k E nding D kc . 16. fla,
So.
Low
S
ig
h
Low.
Sigh.
Bid.
Ask.
Bid. Ask. Lew. High. So. Low Siffhi
113 118
Procter A Guxnb 1st x 0h. .'40|J - J
90 103
s - a i »e% u?% 94 A ug'06
8t
L
Ter
Cupplea
Station
A
108 112%
H . g; tp t g w ar * 6*.. 181 T M M 1U% 118 111% U l%
Prop Co 1st it 4%a 5-20 yr’ 17, J - D
114%180
1*5
4 Ik.......M4...1W5 Jl - J 181 ....... ISO Dae'9b
101 Feb'97
8 Yuba Wtti Co con g ris. .'23 jJ - J
UJ% J no’07
m; K: tU B*kif» l i t #6e,lAI0'A -O
Sp Val Wui Works 1st Os.'Od M- H ...»
-.*4 *^ (A- O
............... ] 8ten Rope A T 1 st g 6s.. 1940 F- A
S3
83
79%
« * Sale
34%
18J4
Bale
24%
Incomo k 5a....... ....1040
8%G A
Sks 1*0 4 0 iSs.
e * « 110J* Stin Ok Coni 1*t g a f 6a.. 1918 J - D
ei;1
.4# && dab 4 -3*.., i V* .f J - U;, •.,**,« 107% 107% 107%
99 M i
” 98%
TeanCoal T Dlv ltttgds.1917 A-OS * 98
'
9894
o r t u » a i O » l « f 6*.. 1 0 1 5 r - A
lOt
101
Birm Dlv 1st con rt». ..1917 J - J 101 Sale 100
E V ki-i G «f
1*1 4 9*-19** A- OJ
Cah C M C olsI (fug fl8..'22 J - I> .....
106% 106% ” 9 io o " \op%;
L*? &** J.C« of 0il*l«U §•* 1v G-l i *11)6
83
83
83 ** Jan.'98
De
Bar
C
&
I
Co
go
g
6a.’
10
FA
•.....
c EC^ d A -.„4 *,.*.l® l« O'FS
116 Dec '98
111% 116%
O S Death Co 8 f dob g6a.’ 13 M-N .....
Mss F»«*J
8** IVapGa*
Vt Marble lat a t 5s..... 1910 J -D ......
111 Nov'97
r * . i n c < a f d * . - ) V d < U- N, .......
io s ’ Nov'08
103 107
i o s " iVo% West Union deb 7a. .1875-00 M-N
108 Nov'98
M y.,i t » .
J -li
105 105%
105 Mar'98
134
5 113 124 ; Registered........ 1875-1900 M-N
124 ” 124
t « t « « . ......... » S fi A * 2 •111”
Debenture 7s.. , 1884-1900 M-N
104%
100
|
5
106
106
106
Halo
ik w o i, ,
S
Registered..... 1884-1000 M-N
115
105 115
115
109 111 | Ool trust cur 5a.........1938 .J~J
111
Cmu <i6 C «ff i*s c a t 3* 3t * - J ! 121 Sain 111
111 Nov'08
111 112%
Mut Un Tel s f’d 6s... 19U;M-N
1 101 106
05&O Oo pfChls*Ae*i
J - 11 ♦ 105% lu8 105% 105%
Northwestern
Tol
7
b
.
.
..*04!
J
J
102 108
105% OoL'98
* ; i i * f ta m f e f < w . * 0 w * J
Wh
L
E
i
P
0
Co
1st
g
5a.*19
J
J
100
206
.
"so
105%
100
MaKwriOs*
101 101
101 Mar'98
W«*ta g m Oo col w c 8«-.*88jM-Ni
receding.')
U. 8. GOV, SKCURITIKS. ! (FVrr daily record sec seventh vn
08
9094
U 8 2s registered--- Optional Q- M 99%....... 98% Nov'98
V ; ■h"CLLA N EDV0 BON!OS.
104% 106%
106%
Dec’98
10
0
%
loe-M
U
S
3s
registered.........
1918
98%
105
32;
4
B»—C0Hur*'4 a 1 5 * » M - g 103% Bale 103% 104
10694 302 104 1004*
106% Sale 106
7! 108% 100% U 83s coupon .........1918
108
A s cm m
. 1800 Qe* 8 ...... 108 103
03 106% H3%
U S is registered.......... 1907 Q-Jt U l% H2 111%
Am Dk A leap So- SMOmX l
107 114M
90 | 0 8 4a coupon.............. 1907 Q-Jt 112% 1 13% 113% Dec!08
0 04
33
85
Ass «=-ur11*Mik 1*4 A 04-1 9 1 -' AC- >
110% 129%
U S 4s registered......... 1925 Q- F 128 128% 127% 137%
t>ar A *
Co U ‘ e Oil. 1V44 J - J
128%
128%
t2S%
8aie
117
12944
U
3
4s
coupon............
.1925
OF
84
100%
91%
94% «
Ik*?, W A W ll l«tg&».1845 F- A 94% Sale
109% 11294
CJ8 5s registered..... .,,1904 Q- F 112% 113% 112 Nov’9«
Co*l Mi a s** T C I a i l
10934 115
U 8 5s coupon........ ....1904 Q- F 112% 113% 112% Dec ’98
109% Feb *97
V/AkcJ«E ^ Y d « d « 3 * .I0 l5 J - J
102% 104
102% Oct.’98
U 3 8s currency..... ,...1899 J - J 102% ...
Jftsc-^wsa laoastw 5*. 10O7J - J
U S 4s reg certs(Chorokee)’99 M.ch 102% ...
C a w fB iltv ^ . Sm 8 T 0 4 H
100
Nov’98
95
100
Oo4 C k t t#4 <>»n < Os,. .19001F- A
ST a t is sa c u a m m .
••••
0:«JC A 1 H«r Cwrog 6a . tV0V J - J
108% Nov'98
108% 109
Alabama—Class A 4 to 5.1906 J - J 108
105 Aug'08
105 108
Small..... ............ .......
ibo 104
103 Nov'98
Oei
Co s**3 fold Os. iOlo]3®-Nj
108 Sep.’OS
105% 108
Class B 5s................. 1906 J - J 108
70
84
70 Nov’98
98 104
104 Nov’ 98
Class C 4s.............. ...1906 J - J 100
101% 105%
103% Nov'98
Ctos 1 .b ). >'» !•'. i i . .J3,7 Q - J
1
0
0
J
J
Currency
funding
4s...
1920
104
104
104 Feb.’ 08 ::::
KWi-sarad.............. *3*7 Q -J
118” Nov’ 98
115” lie ”
Dtst of Columbia—3*658.1924 F -A
TV.
Ck l. 3 « t C L l
100 106%
Louisiana—New con 4a.. 1914 J - J 107% 110 106% Nov'98
1 . . . 4 H ) Ml. iw< Bit feoad.
98 100%
•105 ...... 100% Mar*08
S m all.......................
24
-- ! 10
«1%
23
iMi M i * Sd tr S%. # *.1*1 1 A- <• S*X 9*!«
104 % Nov'08
98% lU4fc Missouri—Funding. ..1894-95 J - J
■ r i»T * T «lw * »f5 ,..l* * d !J - J
104
Nov’
98
104
.....
J
J
Nuria.
Car—Consol
4s...1910
95%
J
an."
97
'fii
Ot tUr OaNli A C IK .
1*1V A-O
;;;;
J - J '100 .....
Small.......................
H ,: , '.r.i It-,. 1,1 g 1. l**J':J - J
128 128
6a............................. 1919 A - 0 125 ..... 128 Feb.'98
i l l " Aug'*97
s*&4 #O b I . ! .1 e«4..1*31 M-!*
So
Carolina—4%s
20-40.1933
J - J 104%.....
H i-: »<r. 1. A 1( 7»..... 1*1" M- S
..... *
.....
87
96
96 Dec ’ 98
05 .....
Tenn—New settlem’t 3a. 1913 J - J
87
93% Nov’98
J - J ' 90 .....
Small.....................
70 Apr *97 ....
X X ie e w r debea 5*--.1913 A - O
S t*
05
88
83
es Bale 81
Virginia fund debt 2-3s.l991 J - J
trass tv.MabcMl C ‘ fia... I9u 1 J - J
J -J
Registered...............
107 May'97
J «?A C earC A !
IW4 J -D
!...............
0s deferred bonds............
80 May*97
7%
7% Sale
Trust receipts stamped....
9
102 J i y ’97
Uard'n 1st $ 5a. 181WiM- N
i U t v l A T HO?S3*J018 M-N ................
!•■— .........
UNLISTED BONDS.
71
32
60
60
98 Dec '98
1 95
08 I Atch Col & Pac 6a ir etfa.,..
Mich P«a Car Co Ut s 8 *.'G M- H 00 .....
40
00
60 J'iy.’QS
Atcb J Co & West 0s tr ctfs.
L'n Tei Co. 8** W# Un.
97
98% 2:4<5 V6H 98>4
98% Sain
B A O pr lien 3-*8 (w i).19 25
103
25 102 109
V o l ^tarcbMDiOelftffd*’*'? M-N 102 Sale 102
98% 23*2 9 3 « 9 8 «
1st roort 4s (when iss).194S
98% Sale fjgfc
87% 695 83Mi 87,M)
80 Sale
Col & South 4s (when issued)
86
n T a S i Twl ceo v &se7.**0)M-N
;;;;;;
3
4 Nov’98
Comstock Tun inc 4s.... 1 919| 11-N
II T A Out Load Ui.gSa.1pl0 F- A 7 5 * ! ! ! ” * t :::: ::::::
102 ! “ * *
Ohio & Mias con.............
104 Aug'08
HoWw^nToilaw- S»«WwLUa,
109}j 10B«
L09% Jan.'98
Second Ave (NY) 1 st 5s. 1900 M-N
PwoisU Was Ob 1
188b- 1VM- N
57% Oct. '98
m Yal&ay Coal m s S*-. 1W«t» M- N
Pitfcsb & West 5s tr ctfs...
51% a m
BONDS*
81. T.
UXCMJLHUB ^ J
* i o i m u M 1 * . 1 0 . <-£,
N: ;r -
i r -
.7
' ‘ r c. A.ro
Week’s
Pri&t
Friday,
Range or
TArr, let. 1 Last Rttie.
H!
mid f„k w ] Hits wodk.
OUTSIDE SECURITIES
(G iv e s
Range
Prom
Jon. i .
t Bond, duo Id ly .
at
foot
of
* Bonds due May.
7 c o n s e c u t iv e
MtacellaneouM. Par.
C M I t e r H w g r o * * - r*»r
l l l i i c r l l a o r u u f i . P a r. Bid Ask
B iw A v a ii 1 Data Toii.so t
1 Term Wareh—Stock.. 100
H
Iw.L
% aw
61% 52
0:u»* €>:*5&sasy—O e » . .50 f 65 ; 02%
lat 0s..................
79
Praf. (w hen issued)......
80
j*nr£«fTwd . .. ..* .. ..* . 5 0 t
....... H
95
5s..
8SX 1 Debenture 6s....... .
ftosA a Mt»ri O u « t ....
■ S(iQ 1
|Texas & Paoiflo Coal. 100
108
Carl ar-Ori; s&e—!*ral» . 100
53% i....... I l l iw yert’ T it le Ins
: 1st 68 1908..........A&O
.100 148 152
Ocibwetd € * * . , * . . 1 0 0
75
20
t Hillard ( P ) - P r e f . . . l 0 0 j 118
115
1 Title Guar & Trust ..100
t%e". Ajb^ ici lYnrtt 100.
! Trenton Pott—Com.. 100
5
%
8 ,| 2d 6s 191W........... M A N
OckI
1OO'
6
25
35
Preferred.............. 100
........,,,100;
HO J 36
A alna 8 8 . . . . . . . . ........ 50{f 20
Trow Directory-New. 100
«o
A
<**-a1 n f i r Ortk U ^ ‘ 15
croh A Miners'S 8,. 50 t 60
Union Switch A Signal.50
A <j Grawv BJ—laa..
80
Preferred........... 50
12% 17% ^ rch'nicaJ Rub-Com. 100 [ 22
65
70 i{ IV e ferre'l .. . . . . . . . . . 1 0 0
i*»
58
1 Union Typewr—Com. 100
H5
>
Qbamtonrekto USs Co. 100 a id 3 rd
tferpnUiilsr
Linou—8<Ki TJosto u list.
94 :
CWfiss ( I I H r-1f t pHd. t 00
15
"lit
Banks.
Bid, Ask.
B4 jsrafwrad
1OC: 90 \ 93 1SUch-Pen Cos
-.1001 2 7
28
•S*rf S*b£*6k i l l Bat,
l*rof«»rrod.,
..10E1 88 90 1 N. Y. CITY.
i
Mli# Ra-1 Tar'dLlUt
99
|
370
pnflinaq Q a . . , j Q < j U S j
, \
at. 7s. 1 0 4 * 107 ;
170
dofeor. A y*-ynih 4s—$t4 HU ck K t. Li>G 1 nslor H»tfo C
... 100|
100
325
a
Tua-= its use. .
4
1 ouongjihala WstVT.. J9|f..... .
220
100 V t 1 45 |j?
300
C w «a l ItUwm "kf-Cuui. 10‘
10 jj f
on*l Caffcot C o .. .100
00
80 I
Broadway.... 220
40 \
*♦4d« **** . 410*
orml 8 *w —P r o f.. 100;
25
63
Ojo Itaxi C a—©it 4- U#f-25I f ^ i% 25 ||l
105
100
OctSifr-d Ue&mtMt tfiotlJDi ;l 20 1 21%: 1
70
56
T
|
to. J S*?%: 5)7% ? Y fjoau) A Im p . . , . *,100
60
290
B»%1 !
| 114 t i e ”
79
Ml I! *
&%■» ?*''
k fo; ni dg. i O
108
135
> 149
149% J
• Broke—S m N Y (lock K, xoh,
1150
20c !
on Kilo Co.......5 t 21% 26%
Colonial*....
150
70
!
11
7%
155
» IOO
Kl<»
HO
f
aiH 25% j
210 210
>,f §H% 40
HU 81
126
|
P*M»,
8to»r a wilo-.t. .2511 16
Bfreto ,list.
260
W *60
. . PagAmoid. pref ,,Mt,inoj 55
65
.
1 f 70
K*»t. Itivor.. 185
78% fcndtfltAMA
1
Coal.... .60 840
J 09
U lh Ward*. 22 0
l*o.uuj»r4v,.‘4aJt—-fits Phils.. k *. n at.
100 j 1
F ifth ......... 220
’etin. ktwl—8 « Philo. I It .
>;
30 il 5s lPit.M AN .
100 I Fifth Are*.. 2500
i
H4. Ek_l‘ij| Pwu. W *i«r—Cnm...,6 oD 5
2500
8 i
100
42
00 1
100
Mis M
:ose-10 0
ftHHiS 1'tJia \f4k,...
.tjrii&e-e Ca?'Sw4 1Oe,.ioo[
'eoa j-ctum J Mill P f *f>0
f il o» IPAI..*.,r*.+Mk*
).—
1
07 ;{1
1
I Bonds due A p ril.
pag es
50
103
280
10
50
43
t 34
t 56
18
| Bonds due January.
BANKS <&MISGELUS
Aa>,
M iscellan eous. Par. Bid Ask.
U 11 Typew— 1st pref.. 100 100 103
10
3d preferred.,,.,... 100 98 102
70
U S Glass—Common.. 100 20%
70
f s*
62
P r e fe r r e d ...... 100
U. S. Oil—See Boston list.
100
U 8 Projectile Co..... 100
Wagner Palace Car. ..100 170% 171
Welsbach Light—Sf« Phil a. list.
Westlngh Air Brake.. .50 tl60
Willi mantle Linen Co.. 25 t 25
40
Worth’f n P’mp-Com.100 35
Preferred
...... 100 101 102
Batik a.
Bid. Ask,
Mercantile.. 170
350
110
100
100 120
Nassau*...... 150
280 1
234
1300 !
95
90
110
Oriental* .... 150
175
350
200
90
Plaia*......... 825
Prod Hxch*.. 114
175
185
95
Banks,
Bid.
Ask.
Kings Co*..-. 100
250
225
250
110
200
830
North Side*.. 160
190
345
175
195
115
145
Waliabout*- 105
116
N. Y. CITY.
145 155
Central Tr’sl. 1450
Colonial...... 320 835
200
19C)'"
1020
450
325
Phil A Wll 8taamboai.50'i 00
?0% , First (fit Isl)
160
100
4
45
Pnswnsllc Gun Car’g®-10
H
8% I 14th Street*,
.,,,,,'1 0 0
100 Shoe & Le’th 98
Kntck'rb’ok’r 810 335
l*r*u A W httn—-Com*-. 100
8 i
114 i l l s
Sixth........ 300
Prttsirsd ,
4.,.100 45
170
47
ISO j..,,. PfiOt 1*sf A Ostuhie.... 100 250
300
450
«t
. 1 *+,
100 State of N Y* ios '
310
Pw tw rsd».......... 1OO
I !60 106
*0 \ as
Tradesmen's
Gartleld....... 10150
N Y L I & Tr 1275
9S
«f»
German Am* 113
P t^*f#rrr*i..... .
12th Ward*.. 120
N Y Sec & Tr 415
100 80*’
230
23d Ward*... 100
Kussfll AKrwtn.......,85
Germania*... 350 ___ . Union......... 245
tfeufaty Car Q w i A L i 100 i o » ”
Produce l£x. 205 215
Union 8q*— 175
Mbsutchlid 6 Mulsh. 1 001 40 1 43
Greenwich*.. 105
Real 8st Tr’t 215 ......
Hamilton*... 120 ...... Western..... 100
Ham-a$,a.>)rar deb 5«...., 101 1103
State Trust.. 205 230
000
8lTT.ro^ns H'nlWJhffi. 100i 124 188
275
Prefst-rrvwJ.
100 l i f t 123
Elide A L'ath 100
.... Yorkville*..
USMtg&Tr. 280 295
150
ftnirw Mfg C o....,...100 405
florae*.......
Untt. States.. 1325
Wo ahln(rt/ln 240
Hudson rjv* 160
#tAt>4aridCM,,„..... 100 4Jo |i«5
BR’KLYN.
•>
4
90
n<%
lrap A Trad. 400
Bedford* — 215
(>,M, k Dt»-—$** gto ck Ex, |IdsL
BRKLYN.
150 100
I*T**f
— fSe* 8took |3txch. List.
190
400
170
285
ircd’rg'd Cable. 10 * 116
125
100
8th Ward*...
95
280
«!•>** ikS I f ! 0s 1017. FA A
Lincoln..... 750 ...... 5th Ave*.... 104 107
^osttsreO?ttW0H.. .5o't 40
890 400
fig** Di H T U t ftg*l 3A AO 107
Manhattan* 220 ..... First........... S80 800
L Isl L & Tr. 220 22b
2d 5* 1026.
60
210
235
§4411 B f A Bra-V. 100 , uo
Mechanics'.. 160 ..... Ger Amor*.. 90 100 Nassau ,
164 170
98
105 Hamilton*... 105 ....... People’s..... 250
Mech A Tra*
Ao o > , t o o ;
00
100
1 st O* .,.,,....,*-...** 11100 % : 6
* Banks marked with an asterisk (•) are State banns.
tPrioe per share*
(Ami At 1011. J*J 117
$ Purchaser alio payi accrued Interest,
TH E
D ec e m b e r 17, 1898.]
CHRONICLE
1253
Boston, Philadelphia and Baltimore Stock Exchanges—A Daily and Yearly Record.
S h a r e P r i c e s — V o t P e r C e n tu r a P r ic e s .
Saturday,
Dec. 10.
Monday.
Dec. 12
Wednesday Thursday,
Dec. 14.
Dec. 15.
Tuesday,
Dec. 13.
A C T IV E S T O C K S .
Friday,
Dec. 16.
U Indicates unlisted.
Sales
o f the Range o f Sales in 1898
Week.
Lowest.
Shares
Highest.
H a il road Stock*.
72% 72% 72% 72% Balt.City Pas.,new,2d in. pd. (Balt.) .... 25 4,084 34% Oct. 15 73 Dec 14
73
73
71% 73
34
32
“
.... 25 63,444 21% Apr. 20 3494 Dec 15
3294 33
3154 3494 3 -94 -<4% Baltimore Consolidated......
82%
33
34
3394
3494
32
3194 Baltimore Consolidated?— (Phila.)--- 25 14,384 21% Mar. 12 3494 Dec. 16
3254
247% 247% 217 217% 247 248 Boston A Albany............... (Boston).... 100
247 247
38 217% Mar. 29 2 0 2 % Sept. 20
84
84% 8 454 8 454 84% 84% 84% 81% Boston Elevated...................
“
100 2,804 52% Mar. 20 84% Dec. 6
*226
..... •220
•226
• 226 228 Boston & Lowell...................
“ ....100
15 215 Apr. 2 227% Dec. 10
167%107% 107% 167% 107% 108
10 *% 170 Boston* Maine....................
“ ....100
430 100 Mar. 12 171% Jan. 7
1 2 1 % 1 2 2 % 1 2 1 % 1 2 1 % 12154 12254 121%123% Chic. Burl. * Quincy..............
“ ....100 10,451 8594 Mar. 20 123% Dec. 10
130% 131
130 130 Chic. June. A Un. Stock Yds.
135% 136 x 133 132
“
....100
963 102 Mar. 14 137 Nov. 21
12 2
1 2 1 % 1 2 1 % Preferred..... ...................
1 2 2 % 1 2 2 % •121% 123% 12 2
“ ....100
270 105 Mar. 12 124 Aug. 22
1 1 0 % 110 % 110
ll«% 117 H7
117 117% Chic. Milwaukee A St. Paul. (Phila.* ....100
2,850 83% Apr. 21 117% Dec. 16
27
27
20% 27
27
27% Choctaw Oklahoma A Gulf..
“
.... 50 0,731
20 % 27
9 Feb. 25 27% Dec. 10
42% 43% 42% 42% 9254 43% Preferred........ ..................
4294 43
“ .... 50 5,023 27% Jan. 4 43% Dec. 16
50% 50% 50% 50% 56
O0 Consol. Traction of N. J.?...
5<
56
“
100 2,370 37 Jan. 3 5* h« Dec. 12
100
106 107
107 107% Fitchburg, pref................. (Boston)... .100
106% 107
100
792 98 Mar. 28 107% Dec. 16
-30 ....... ...... .... *39 *
•30
Ga. Southern A Florida...... (Balt.) ....100
2794 May 9 42 Aug. 20
•91 .......
•9») .
50 84 May 25 90 Oct. 11
1st preferred.....................
“ ....100
•03
•d0
2d preferred.....................
“ ....100
110 55 May 3 73% Aug. 25
22 %
2 2 % 22 % 2 2 % 2154 22
3254 2 '94 22 ' 2 2 % 2154 22 Lehigh Valley..........................(P h ila .).... 50 3,283 17% Nov. 15 26% Jan. 3
0% 7
694 694
4% Apr. 6
7 Dec. 14
6%
6%
691 654 Mexican Central.................(Boston).... 100 3,411
694 7
6*4 654
•87 ....... •87 ....... *8 >
Northern Central................ (Balt.) .... 50
•87
70% Jan. 14 8694 Dec. 0
41% 41% 41% 42% 41% 4294 4194 4254 4154 4194 41
4154 Northern Pacific................ (Phila.) ....100 19,517 19 Feb. 24 427% Nov. 11
77
77% 774( 7794 77% 77% 77% 7654 7694 77
Preferred.....,,................
“ ....100
*75% 70
1,225 57% Mar. 20 79% Sept. 2
198% 193** •198 ....... j 197% 199 *190 197U Old Colony.............................. (Boston)....100 28 18594 Mar. 10 199 Dec. 15
38
38 Oregon Short Line.................
38 ‘ 38
“
100
205 18 Jan. 4 38% Dec. *
60
60% 60
01
00 % 01
0094 61% Pennsylvania........................... (Phila.).... 5011,802 55% Mar. 12 01% Dec. 10
59% 59% 59% 00 '
“
.... 50
1.580 77 Mar. 25 95 Aug. 29
9454 04% 94% 94% 9454 9454 91% 94% 0454 9154 Philadelphia Traction........
9*h v m
9% 10
9,4 944
9% 10 9 11-10 10 Reading Company................
0 5-16
“ .... 50 15,821 7 13-10 Mar25 1194 Jan. 6
9% 1 0-10
5
33 15-10 4% 2394 24
1st preferred......................
“ .... 50 27,707 18% Mar. 20 27 1-10 Feb. 3
2254 2354 23% 2194 23% 23%
10 % 1054 11 11 5-10
1 1 % U%
10 13-16
10 11-16
“ .... 50
2,982 9% Nov. 2 14 9-10 Feb. 5
1154 1 1*4 2d preferred......................
8.580 10% Mar. 25 39% Nov. 28
38% 88 % 3844 3«% 38% 89% 3354 3394 3854 3854 3354 39% Union Pacific.....................(Boston)___100
71
71
71
7254 Preferred.....................
“
....100
47 Mar. 25 72% Dec. 10
9,235
7054 7054 70* 71% 7054 71% 70% 71
30
31
31
31% 3154 *154 Union Traction.........................(Phila.).... 5004,473 12% Jan. 3 32% Dec. 13
3274 3194 3354 31
20% 30
89% 89% 89% 90 West Bud Street......................(Boston)....50 1,170 78 Mar. 25 90 Dec. 12
89% 8994 89% 90
90
90
89% 90
H iscellaneoua .Stocks.
277 277 American Bell Telephone.. .(Boston).... 100
270 277
208 277
270 277
004 238 Mar.
285 Aug. 15
278 230
880 280
123% 120% American Sugar Refining 1..
“
....100 81,547 107% Mar.
147 Aug. 20
134 135% 13194 13-.54 128% 133% x 122% 125% 123 125
Preferred?........................
115
x
1
1
2
113
1
1
1
1
1
2
“ ....100
U5
114% 114% 114% 115
1 1 1 % 1 U%
350 103 Mar.
110% Jan. 0
228 231 Boston & Montana................
234% 237
230 23 5 230 235
*• .... 25
3,407 149% Jan.
239 239
248 Oct. 8
830 236
06
67 Butte & Boston*...................
09% 06% 08
“ .... 25
09% Dec. 14
00
03
8,400 18% Mar.
00% 07
08
6754 00
615 015 Calumet A Hecla..................
015 615
015 015
015 015
“ .... 25
050 Nov. 18
015 015
610
100 489 Jan.
70% 70
70
70% 71
71% 09% 70 Consolidated Gas................ (Balt.) ....100
1% Dec. 15
6954 70
8,009 52% Jan.
69
70
36% Nov. 18
31
31% 33% 34
33
33% 33% 35
3254 3354 32% 33 Dominion Coal.................. (Boston)___100 11,047 14 Mar.
53% 53% Electric Storage Battery ? .. (Phila.).... 100 6,925 18% Mar.
54
54% 54
54% Dec. 14
51
53
53% 53% 54
51% 54
04*
05
65
“ ....100
0*% 64% 6 354 6154 Preferred?........................
0594 Dec. 5
1,799 21 Mar.
03
03% 63% 6354 04
70
70 Erie Telephone..................(Boston)___100
75
7054 7354 7654 75>4 76
77% Sept. 6
097 59% Mar.
75* 7594 75% 70
Illinois Steel.........................
“ ....100
74% Sept. 0
44% Mar.
23
23% 23
“
.... 50
24 Oct. 27
25
*24
24% *24
2354 Lamson Store Service........
194 20 Mar.
2254 2 2*
2354 •23
37% 33 Lehigh Coal A Navigation... ( Phila.) .... 50
43% Jan. 7
37
38
38
33
38
38
321 35 Nov.
* ..... 38 * - -rr 38
“
100 2,235 5 May
11% Jan. 11
5M
6
0
594 0
59< 394
594 5*4 Marsden Company ?...............
554 354
144 Aug. 17
135 135 • 33 137 New England Telephone.... (Boston).. .100
138 *135 133 •.......137
120 Mar.
• .......139
32% 3 3% Old Dominion Copper?...,.,
“
.... 25
37% Nov. 9
33% 32% 33
3,985 21% Jan.
3394 3394 33% 8354 33% 3 194 33
20 % 2 1 %
21
2294 2294 2294 2 2 % 22 % Pa. Mfg. Light & Power^ ... (Phila.).... 50 103,040
23% Nov. 9
0 Apr.
2054 2154 2 <)% 22
12- Dec. 10
“
.... 50 13.566 97% Feb.
147% 127U 127 12794 120% 127% 125% 120% 25% 12 0 % United Gas Improvement?..
127% 128
27% 27
2 3 % Dec. 10
iS
27% 28
23% 25% 25
2754 2754 27% 28% United States Oil............... (Boston)___ 25 24,300 10 % Feb.
38% x 38% 39% 39
41% Welsbach Light?......................(Phila.).... 5 4,1'»2 30 Nov.
33* 33
40% 40
0294 July 5
38% 39
38
1 1-10
2 l-iti Nov.23
West End Laud..... .......... (Boston)___ 25
•1 l-l(
1 1 - 10
• 1 1-10
1%
1,200 1 Jan.
154 •l 1-16 1 % •1 1-10 1 %
40% West!ugh. Electric A M fg...
“
.... 50
41 Dec. 13
40
40% 40
40% 40
38% 38% 38% 3994 4954 4!
5,089 20% Apr.
02
Preferred..........................
“ .... 50
0)
•0 1 % 02
00
6 )
*01
02
02 Dec. 13
0 1 % 62
*59%.......
728 50 Apr
24 3-16
t Tr. rects. ? Ex rights. 1Lowest is ex dtvi dend.
523 7
X2d Insral paid.
• Bid and asked prices: no sale was made.
3L
32%
31% 33%
240 216
83% 83%
227% 327%
*106%.......
12 0 % 1 2 1 %
135% 130
123 123
115%115%
20 % 20 %
42% 42%
55
55%
105 105
•36
40
3154 32%
3154 33
247 247
84
34%
•227
167 167
1 2 1 % 12 2
135 136
123 123
1 1 0 % 117
2654 26%
4i% 4 2%
50% 56%
105 105
*30
40
Bid. Ask
B id . Ask.|
BO ND S
IN A C T IV E S T O C K S Bid. Ask. 1 S T O C K S BO ND S
II oaton—Concluded.
MI3CKLL.—Concluded.
RAILROADS.—Prices
3 \Ogd A L Ccon 0s.'2O AAO •100 107
IntB utH ASM “
10
At Top & S Fe. .(Bost) 100 18%
Income 0 s............1920
15
45
Marsden pref? ..Phil) 100
Atl & Charlotte(Balt) 100
Mergenthaler.. ( Bost) 100 192 193% Rutland 1st 0 s ..’ 02 .MAN $105 107
Balt AO all pd. “
100 0'J%
2d 5s........... 1898 FA A $100 102
Morris Canal.. .(Phil) 100 50
Bos & Maine pf.(Bost)10C 155
West End 8 t 5s. .’02 MAN $105
150
100
P ref............ “
Boston* Prov. “ 100 282
$108
4%s.....................1914MAS
70%
70
Catawlssa.......( Phil) 50
....... OsceolA Minlng(Bost) 25
29 30 ■ Gold 4s....... 1910 MAN $ ......
Parrott SUACop “
10
1st pref........ “
50 52
4s....................... 1917FAA
5106
8
i6
! Pennsyl Salt...(Phil) 50 x 103
Central Mass...(Bost) 100
........
55
Pennsyl Steel?. “ 100 18% 20
PreL.............. “ 100 53
40
44
Bondi*—B a ltim o re.
Pref?.......... “
100 38
Central Ohio...(Balt) 50 43
Atl
A
Ch
1st
78.1907
JAJ
121
15
PhiFdolphla Co(Bost) 50
Chic* W Mlch.(Bost) 100 14
........
AtlG-Light 1st 5s1017JA D
Pullman’s Pal.. “
100 150 151
Clt’s St of Inds?(Phil) 100 28
Balt Beit 1st 5s.l90OMAN 10354 1O054J
Quincy Mining. “
25 135 137
City A3uburb. .(Balt) 50
Reece Buttonh. “
10 10% it ! BaltCPaslst 5s. 1911MAN
Conn * Pa*sam(Bost)100 153
0
Santa Ysabel G “
5
0% Bait Fundg 5s. 1910 MAN
Conn R irrr.... “ 100 850 200
Exchange 3%a.l930JAJ 10794
18
Tamarack Min. “
25 170 171
Flint * i ere M. “ 100 17
BaltAOhio is g. 1935 AAO
43
United El Sec.. “
50
Pref............. “ 100 42
PittsAConS g.l925FAA
P ref............ “
100
G’rmant’n Pass(Phil) 50 130
Stat Isl 2d 5 g. 1926 JAJ 81
1
Water Power.. “
100
Hestonv M & T “
50 42
Receivers cert if 0s.JA D 5........
Welsbach Com?(Phtl)100 10*
P ref............
50 70
64*'
Do Maryland Constr 5s. §........
P r e f? ......... “ 100 02
Hunt * Broad T “
50 12 ........
Do Pittsb A Con 5s.JAJ
50 49
P ref............ “
50
4154 Westm’rel Coal “
Do Main Line os.........
15
Wolverine Min.(Bost) 25 31% 32*
K C Ft 8 & M..(Bost) 100 10
BAOSWlst4% g. 1990JAJ 105
1
55
1 Wollaston L d. “
5
P ref............ “ 100 30
BaltAPlst0sm 11911 AAO
Little 8chuylk.(Phll) 50 54
1st 0s tunnel 1911..JAJ
Bouda—B ohton.
Maine Central.(Bost) 100 135
Metropol St?...(Phil) 100 190% 19154 ! Am Beil Tel 4s..1908 JAJ 102% 102% Bal Trac 1st 5s.l929MAN 110
08%:
Ext A Imp 0S.19O1MAS 104
A TAS Fgen g 4s.’ 95 A AO 98
MlnehillASH. “
50 5754 53
No BaltDiv 5s.l042JAI) 11754
Adjustment g 4s.. 1995 $ 77% 77*
Nesquehon’g V. •*
50 52
Conv,rtible5sl906MAN 103
38
B A M 3d is 7s.’ 02-07 MAN
New England..(Bost) 100 35
CapeFAYsr A0g. 1910JA D 84
99
85
Boston Term’l 3%s..1947 *110 111
P ref.............. “ 100 96
92%;
1st 08 ser B..1910 tr rec 0754 08
Bos UnGas 1st 5s.’39 JAJ I 92
90
North Penn....(Phil) 50 97
70 j 1st 0s ser C..1910 tr rec 00
2d M 5s........ 1939 JAJ | 74
67
No * W Branch “
50
Cent Ohio 4%s g.’30 MAS
BurAMo Rlvex’pt0s.JAJ *118
Penn * N W ... “
50
Central Ry 0s... 1912 JAJ
18
Non-exempt 0s.’ 18 JAJ * 109
Phil * Erte..... “
50
Consol 5s.... 1932 MAN 110
Plain 4s........ 1910 JAJ *100
Phil Germ * N. “
50 135
Ext A Imp 58.1932MAS
Ch BurA N 1st 5s.’ 20 AAO *107
United N J ..... “ 100 263
CharlCAA ext5s. 1910J*J IO 0" " "
2d M 0s.......1918 JAD *100
2054
United Tr of P. “
50
Chesap Gas 6 s. .1900 JAD 10354 100%
Ch Bur A Q 4s. 1922 FA A 100
P ref.............. “ 50
CttyASub lst5s.l922JAD 114
Iowa Dlv 4s. 1919 AAO 100
West End pref.(Bost) 50 110 111
Col AGrnv 1st5-0.1917JAJ 118
56
Chicago .Junc 5s. 1915 J A.J 114
West Jer A SS.(Phll) 50 55
3
Consol Gas 0s..1910 JAD 11854
Ch A No M gu 5s.’31 MAN $ 77% 80
W estN Y A P a . “
50
254
5s................1930 JAD 111
2
Chi A W M gen5s.’21 JAD * 85
1
Wiscon Central (Bost) 100
8754
80
4
Ga AAialstpf5sl945AAO 100
2
Con. of Verm’t 5s.’ 13 JAJ * 79
P ref.............. “ 100
7554 GaCarAN 1st5s g. 1029JAJ 10054 101
Curr’t Rlv lBt 5s.’27 AAO * 72
Wor Nash A R. “ 100 132
91 | GeorglaPlst5-6s 1922JAJ 125 127
D G R A W lst4s.’40 AAO } 00
MISCELLANEOUS.
5
GaSoAFla lst5s.l945JAJ 111 11154
Aliouez Minlng(Bost) 25
554 Domlu Coal lst0s.’ 13MAS
Lake R El lstgu5s’42MAS
354 East’n 1st M 0s g.’O0 MAS $119 120
Am Ry El Lt-T.(Phll) ....
i«
Fr ElkAM V 1st 6 s ’33 end $137 ...... MacAN 1st 4%s.l90OMAS
Anaconda Min. (Bost) 25
Unst'p’d 1st 6s.’33 AAO $137 ......1 MetSU Wash) 1st 5s’25FA ........ ........
Anniston Land. “ 100
New Orl Gas 1st 5s...Var
Arnold Mining. “
25 14
1454 111In Steel conv 5s.’ 10 JAJ 5 9994 100
2
03 ! NorthCent 4%s.l025AAO 113
Debenture 5s. 1913 AAO $ 97
Ash Bed Mln’g. "
25
32
75
KCCA Slst5sg.’25 AAO $ 72
0s 1900............... AAO 10354
Atlantic Mln’g. “
25 31
6 s gold 1900 ........ JAJ 100
Baltic Mining.. *
25 29
*954 K C Ft SAG 1st 7s.’08 JAD '51454 .....
K C F SAMcon 0s.’28MAN $100 % 1 0 1 %
6 s 1904................ JAJ 113
Balt Warehorse( Balt) 20
Series A 5s 1920.... IAJ 117
Bay State Gas?.(Bost) 50
2«
2 K K C M A B 1st 4s..'34 MAS $ 87
55
Series B 5s 1920....JAJ 117
BergAKngur’ w(Phli) 100 40
Income 5s. . R R R M M $ 42
4354
K-CA M RyAB 5s.’29 AAO $10 2 %
OhioAMlst7SD10O5MAN 100 10254
P ref.............. “ 100 95 100
Boston EleoLt.(Bost)100 16754 112
K C St Jo AC B 7s.’07 JAJ $120 %
PlttsACou 1st 7s 1898.1AJ
4
Boston Land... “
10
Pitt Un Trac 5s. 1997 JAJ 108
454 Lams’n St’re S 6s.’09 MAS
Boylston 8t L'd “
15
L RockAF 9 lst7s.’05 JAJ $ !!!!!! 10 0 '
PotomVal 1st 5s. 1941JAJ
Cambria Iron..(Phil) 50 42% "4294 L EASt L 1st 0s g.’20 AAO
SecAvTn (Pitts) 5s’34J AD 111
2d M 5-0 g....l930 AAO
Canton Co.......( Balt) 100 3254 80
Seab A Roan 5s. 1920 JAJ 100
Centen Mining. ( Bost) 25 20
VirgMld 1st 0s. 1906 MAS 110 113
2854 Mar H A Ont0s...’25 AAO $110
Central Trans.. (Phil) 38
2d series 0s. .1911 MAS 1205412054
Mex Central 5s. 1917 AAO
Domin Coal pf.(Bost) 100 117 119
00
4s g..............1911 JAJ
3d series 6 s.. 1916 MAS 118
Edison El 111...
100 196 200
17
;i*
1 st con Inc 3s g non-cum
4th ser 3-4-5s.l921MAS 102
0%
1
2
Ft Wayne Eleo?
25
2d con Ino 3s non-cum..
5th series 5s. 1926 MAS 108
Franklin Mln’g.
25 17% 18
New Eng Tele rta.'99 AAO
Va (State) 3s new.’82JAJ
French Bay Ld.
0s...............190 AAO
5
Fund debt2-3s. 1091JAJ 31% 8154
3
54
General Elect..
100 93
VaA Tenn 2d 5s. 1900 JAJ 108
354 N TAN Bln* Ut7s.’ff5 JAJ 5119% 120
«*..
.......itton.i
1"7% io'-»
P ref............
100 157 150
1 at mnrt 6 s.. ..1 905 .TA.I Ml 4
|
j
BO ND S
B al ti more-Conclu’d.
WestN Ccon 0S.1914 JAJ
West VaCAPlst0g.’ l l JAJ
WilColAAug 6s. 1910 JAD
Wll A Weld 5s.. 1985 JAJ
lloudM— P h ila d e lp h ia
Atl City 1st 5s g..’ 19 MAN
Catawlssa M 7s.1900 FAA
ChesAD Cftnlst5s.’ 10 JAJ
Choc Okla A G prior lien 0s
General 5s.... 1919 JAJ
Clt’s’St Ry(Iud)con 5s.’ 33
Colum St Ry 1st con 5s.’82
Colum O Crosst 1st 5s..’83
Con Trac of N J lBt 5s..’33
Del A B Bk lst7s.’05 FAA
EastA A 1st M 5s.’20 MAN
Edison Elec 5s stktrctfs.
ElecA Peop’s Tr stk tr ctfs
KlmAWilm IstOs.’ lO JAJ
Income 5s__ 2802 AAO
Eq 111 Gas-L 1st g 5s. 1928
Hestonv M A F con 5s.’24
HA B Top con 5s.’25 A vO
Internal Nav 6s.....1900
K C Sub B 1st 6s..’20 JAD
K C P A G 1st 5s..’23 AAO
Lehigh Nav 4%s. .’ 14 Q-J
RR 4s g........ 1914 Q-F
Consol 7s..... 1011 JAD
Gen M 4%sg..l924 Q-F
Leh V C’l 1st 5s g.’S3 JAJ
Leh Val ext 4s.. 1948 JAD
2d 7s...........1910 MAS
Consol 0s..... 1923 JAD
Annuity 0s......... JAD
Newark Pass con 5s.l930
NY PhANorlst0s.’2S JAJ
No Penn 1st 4s..’ 80 MAN
Gen M 7s.......1903 JAJ
Penn gen 0s r...1910 Var
Consol 0s c... .1905 Var
Consol 5s r....l919 Var
Collat Tr 4%s g.’ IS JAD
Pa A N Y Can 7s..’00 JAD
Cons 5s.......1989 AAO
Cons 4s.......1939 AAO
Penn Steel lst5s.’ 17 MAN
People’s Tr tr certs 4s.’43
Perklom Ist8er5s.’ 18 Q-J
Phila Elec gold trust ctfs
PhAKr gen M 5g.’20 AAO
Gen M 4s g..l02O AAO
Ph A Read 2d 5s.’ 33 AA )
Consol M 7s.. 1911 JAD
Con M 6s g... 1911 JAD
Ext Imp M4s g.’47 AAO
Con M of ’82 4s.’37 JAJ
10-yr s f 5s g.1902 FAA
Terminal 5s g.1941 Q-F
P Wil A Bal14s. 1917 AAO
Collat trust 4s. 1021 JAJ
Pitts CASt L 78.1900 FAA
Read Co gen 4s, 1997 JAJ
Rochester Ry con 5s. 1980
SchRE91delst5s g’35JAD
Scran Trac 1st 0s ’32MAN
Union Term’l 1st 5s.FAA
United N J 4b. . 1944 MAS
UnTraoPittsgen5s’97JAJ
*5And accrued interest.
*Pr.Ort
nv*»rdt!
Bid. Ask.
110
112
110
115
108
107
53
100
105% 100
90
87
8105
107% 108%
119
108%
109
90% 90%
124
109
109% 109%
115
100
100
101 101%
09% 70%
111
107
L25
101%
94%
112
130 132*
113
118%
115%
112
115%
180
118
90
100
100%
102
101 101%
118
107
125
130
121 122%
102% 103
102%
119%
108%
108
80%
103
112
11«%
97%
115
108%
?Unli st.ed
con no
THE
125-1
[VOL. LXVII,
C H R O N IC LE .
Latent Grout Earning*.
J m je s tm e u t
R oadb ,
A1»I)
fla ilr o a d
In te llig e n c e .
RAILROAD
EARNINGS.
The following table shows the gross earnings of every
j . f vs railroad from which regular weekly or monthly returns
tan he oblaine-1. The first two oolumns of figures give the
g r » « earning* for the 1st. ft week or month, and the last two
eolumm the earnings for the period from January 1 to and
Including such latest week or month.
T h e rettsrmMof the s t r e e t ra&toafft are brought together sep
arat'd* o n <> imia/Hfnent page.
latest Ortas Mornings.
Jan, 1 to la test Dot*.
H o ts *
A&iron&ss*
auo a t h.>ota
ala. HMino a . .
ala S.O.Tn .4
|WmMvrM n
.Sfpt4?Jtub*r.
l*iw k Dec
£*prpp&m{**r,
P<*r. Jan*
nhw kXov
^thurkNov
Hh wkNov
OeU»Lcr ,
1898.
1897.
$
20 ,:m
34.*2vM»
95.015
9
17,640
40,542
65,959
1898.
165,061
1,620,533
045,565
1897,
s
152,880
1,514,"91
505,388
to ,* o
»2,40« 1,300,789 1,10-7,164
30,000
009,653
528,898
35,500
30,000
31,00C
625,258
483,039
241.119 262,464 2,211,473 2,088,931
*.sm b e a r Vsl.
26,023 1,301,339 1,209,670
26.15'
Azs Ar’.-or--- 15,399
91,060
90,519
October. „.
19,912
Ark. MldlaoJ
atek.T A8.rr . Ootober .. 3,995,207 3.695,379 31,980.292 29,008,-104
113,491 1,201.821 1,213,083
Allssua Char Soptomb'r 145,
296,085
AU. Knot A SO November,
33,183
28.016
263.404
AUastaA W. I* October...
474,998
57,071
53.438
453,501
1j3,530 115,002
AJi.CTMUne8,C a «is u * t..
12,771
522,279
Atiao-A J'taav. i •twfc Dee.
13,302
504,055
t S l S t i t i f l M ! Septemb'r,
18,982
17,806
99.801
124.547
S a lt A O kie... KotcBilirr, 2,170,058 2,254,711 25,838,718 23,758.76'
Bat A0.8o«-w k1ttwk Dec, 121,10
132,376 0,606,112 5,980,215
Bath A I I m b ' o.1' October,,,
9.642
27,117
10259C
29.V00
Bit . a Atlantic November,
2,240
4,243!
23,154
22,599
Septemb’r.
56,618
49,264
456,720
418,987
i *twk Dee,
05,853
64,76^ 3,586,186 3.230,050
.
<>♦, tobcur,,.
34.906
262.042
h u S ao a Ouhj. . O otober.,,
80,063
05,674 ! 549,000
512,445
Bar.C. Hap.AS 1«twk Dee. 113.719
81,598 4.259,977 •1,005,379
OMtaCIsaPaclflc Utwk I jco- 591,0*0 534.0CH 23,991,363 22,260,792
Oar. ttM tauL... !October..
8.741
7,200;
54,0.89
49.091
O st-O fU eorsla Utwk Dec. 133,830 133,038 5.195.262 4,977,182
Casual of N. J.. October- 1.245,052 1.230,733 10,329,432 10,480,517
O m n i Pacino Septemb’r. 1,485,754 1,453,385 11,645,103 10,108,667
UsaHaaS-nABar Septemb'r.
44,457
40,392:
517,866
465,391
l%msa A W.Car. August...
______
54,833
55.687!
CAattaa'ra Bo.. Istw k Dec.
1,240
1,080
(-.4.749
63,636
Okca. A Ohio.... Istwk Dec
228,763 261,939 11,087.813 10,521,454
CAlaBor A Q.ri October.
4.634.207 4,357,251135.556,303 32.61o.412
C A iaA K aacfU . istwk Dec. 117,317 128,537 1.035,419 3,825,379
CSsla O t W w fjj Istwk Dec. 113,164
94,717! 5,196,240 4,779,721
C6w. t»4, A t. i*lwk*Pec. 61,100 56,371 3,107,000 3,000,843
CfcJe.MU.aWa> U tw k Deo, 802,823 662,602 33.388,272 30.o24.283
Ckie.A WlfcWn October... 3,676,004 3,020,260 30,503.230 27.594,251
CAtc-l'eo A B lL November.
71,109
75,657
760,486
752*338
Ctde H‘ k 1 * 1 * October,,, 2,161,779 1,999,922 17.268,055 15,372,380
Ovtoiw'r... 1.173.931 1,087,337 7,554,0-12 0,932,874
Istwk Dec.
24,199
22,416 1,0*8,307
998.251
rs ie.A W .M lcb i»tw k Hoc
27,786 1,730,237 1,433,972
October.
184,041 159,9-3 1,310,683
967,464
.K4‘iit«njb’r,
9,316
6,824
November. 418,069 335,482 4,282,447 3,318,569
45fc Port* * Vlr November.
27,929
2i,0>7
259.*34
243,099
C iet Ak. A Col i UlwkD ec.
18,447
17,556!
839,116
736,784
<3<rr.Caa.ABo.. ;Istwk Dec.
13,416
15,830
66 (*271
614,938
CLOaCtLABt.l ' stwk Dee. 269.334 204,449 13,601,304 12.817,960
Pro. * Eaat'o November.
167.257 148,448 1,727.60 fi 1,583,903
Cl.Lor . * Wheel Istwk Dec.
29,672
35,042 1,410,939 1,274,394
O otM h L aad ... November. 161,122 149,885 1,510,431 1/00,2! 1
O s i.H V .A T o l NovettjlM’ r. 303,059 293,615 2,481,865 2,270,973
C ot SaaO'r * it ithwk Nov
20,029
27.742
766.874
688,757
p slo a a A Lake. November.
1,100
2.500
15.759
21.455
Orjstai. _______ /Jctober...
1,173
1,310
12,026
11,172
C V o , V a l l e ; :iOctober.,,
84.685
80.272
708,989
687,790
p ros, a Rio <».• ;istwk Dec.
, 1
162,900 8,082,925 7,029,838
Dm M .K . A W, Novemlter,
39,770
39,404
480,573
393,(50
Head. Sap. AW 1M »k D«-.
27,291
24,760 l,4 l.\ 5 1 « 1,216,327
Pet.,a i.m.a Su -34wk mpt..
8,917
8,762
308,753 i
180,829
i**t, A M k.^a October,..
33,^36
448.15V;
33,1*56
400.027
paiatSi S.H.AAI i *twk Deo.
26,699
25,212 1,0-9*761 1,487,9 i 9
mpnjt.. AS.O-: November. 1,18,285
S 98.156 1.407,177 1.069,707
]October.: . 3,116,l i e 3,269.293 27,119.077 27,387,757
tersk a ftt-rio.-, October.,,
4,9 2T
4.409
47,009
53,332
•v a a a A J wt' p,-.' i 1«t wk Dec.
6,124
7 206
288.46287,015
UvaaeT.A T M Istwk l ine
27.315
23.211 1,143,742 1.051,919
rtao. r c w .A v r •Vptpiab’r.
8,250
0,687
PI 1*1. bttfC...... . fietoorT.
726,718 727,162 0.055.470 6,005,983
Vhat A I'. Map) 1stwk I>ee.
58,043
5 *.602 2 829,3 6 2,588,384
P in C ast A f * ( , ithw k Nov
74,0 1h
49.512 2,804.939 2,057,002
r v * | -V; >r-L..f ilh wit Nor
38,iK)0
33,71
1.319,280 1.(63,028
fV W . A i&o fir 1stwk Dec,
15.955
13,809
510.305
376,793
U*A*. * Aft. V
77o
709
0.743
7.840
O W f U H IL ... Istwk Ix v
32,' 30
34,420 1*472,793 1,485,256
A AU
*23,153
22,62
L I 73,100 1,024,8.i
ttfc.Qfef*U A No jOctot>cf 4J
07,743
700.390
90, -52
’722.016
©■w* Ho. A F U .
77.»/22
80,73^
88 UHK
794,1 0
©t . «Uf*. A f»4 . i tafwk Daft
38/* 30
2*012,7H
3
,897
1*847,485
VS$t.RaA a »
9,123
7,4 5
415.248
379,185
fravetw* CHj ilft-Wk fJWr>T
697
24
38.912
36,8 4
H shlO. It. A I !1ifWk
l rb97!
2,116
117,782
140,571
$¥$ all Ha**
*8,937
49*162
2,584.729
3.374,09
l
at S fif a
454,296 491,41« 22,399.39 21,857,107
€ * } « . * fir. T r
72,^75
3,2 * 5,009 2,718,2*5
57**73
tMLDfJit.Alt -Idwk Nor,
10,566
18,235
841,045
38M 98
<lr«*£ Jf*srwr*~
r M A 1C
2/»87,50/ 1,855,885 17,593.2 41 15,181,804
L w lf lf MIrb NotetofW'r,
2pa,9H> 2,410,72f* 1,8 L7.148
iStMAMMl !'«s'
166^583 195r567 1,82 4,34-5 1,8 47,287
TkAvyitafteB
2,636341 2,342,43- 21328,-^15 18,866*2-43
ftTf?" a ftiAX .C
19.53
12,810
152,41 i
104.024
^4G M 4Mo
..
9,123
5,827
43312
37,204
if owit f t . i i t i i O iw lie f,,,
5,722
5.642
45,48 V
4C.725
Sm u TmlOm iwfrtssab t 450,-53 373,93*3 2.195*991
2,141,691
|>4lS-S*&S(>C$nj
•2555152 »2563709 ♦25061092 ♦22210751
89,a*ii
43/89
255.805
255.520
1*4. B l A f nir*
‘ ll'.'V f.
05.3
— 5 -S L —
625.073
It 0*1 4 S . 8
A ia a Vlclob
Tv*»s&.ai-
W ctkorM o
1898.
1897.
Jan. 1 to Latest Do Is
1898.
1897.
S
8
S
|
85,354 3.565,55ll 3.343,038
96,968
55,400 2,862,000 2,435,540
(56,800
35.214 1,870,2821 1,603,011
43,788
3,750
4,551
45,691
35,256
22,606
26.171
293,563
248,556
10,538
11,657
535,158
4-1,784
99.214 4,501,079! 4,541,937
81,610
29,454 1,348,287 1,092,272
33,359
35,697
29,711
308,288
321,710
5.896
6,8 9
232,801
2-18,600
59,766 3,132.459 2,292,556
66,100
7,933
10,983
492,086
3 65.838
16,100
13.649
527,885!
534.449
61,626 3,225,718 3,187,624
62,686
35,876
42,397
349,904
350,970
2,333,326 2,343,53« 16,219,119,15,S47;08l
2,234,740 2,536,331 13,206,028 13,667,315
17.447
29.209
208,127
173,158
302,736 306.515 4,262,414 3,886,196
313,385 316,072 4.616,108 4.240,919
7,370
6,597
84,294
85, 65
28,980
28,238 1,452,597 1,365,428
10,200
9,168
463.125
471,400
456,160 436,700 21,180,688,19,364,625
8,720
6,400
54,2 8 1
60,478
2.79b
2,335
92,7541
105.720
327,9iw 287.021 12,524,295 11,884,329
281.462 246,144 2,768,316 2,505,892
128,186 121.025 5.805.548 5,581,333
45.171
56,831
493,339
498.141
66.000 3,714,200 3,367,000
81,300
14,880
13.647
593,409
623,325
44,431 2,075,401 2,026.687
54,724
90 508
81,102 4,045,3 IS 3,670.714
297.463 276,315 11,017,898 11,065,724
517,000 511.00::: 24,766,114 23,062,396
21.00U 1,207,354 1,050,554
15.000
532,00* 25,973,468 24,112.950
532,00'
6,940
10,010
359,364
286.984
456,767 395,748 3,995,211 3,611,671
106,532 122,285 1.287,761 1,262,255
504,362 468,451 5.384,436 5.002.550
2,075
3,245
4,148,197 3,925,076 41,5^5.837 41,480',904
63,055
61,156 3,590,674 3,698,693
236,036 213,487 1,875,292 1,816,856
260,903 252,334 10,574,259 10,137,231
6,644
5,740
162,840
190,667
6,530
48,012
5,944
42,859
669.907 645,636 5,406,870 5.531.077
557,617 4e5,910 23,599,557 19,745,778
20,549
20,525
903,391
906,189
12,744
14,170
128.040
112,050
76.809
72,055
634,618
646,259
156.758 153,324 6,740,294 5.218.551
804,570 588,858 5,664,217 4,890,209
483,923 319.002 4,496,173 3,251,599
357,326 293,553 3,761,234 3,514,326
6,001,778 5,996,778 54,040,584 52,785,284
15,931
877,152
16,314
842,994
46,778
40,510
432.235
489,015
484,248 5.15,155 3,198,171 3,220,830
2.214,018 2,184,454 17,902,9' 0 17,412,563
2,342,422] 2,505,170 16,817,528 18,196,487
4,556,440 4,689,624 34,720.428 35,609,050
62,592
527,993
69.039
538,673
885,281 798,281 8,254,0-9 7,594,959
1,595,726 1»429,081 13,280,496 12,196,415
4,300
5,178
•12,653
42.56li
18,086
18,324 1,245,061
588,209
31,299
28,334 1,680,124 1,613,964
18,721
16.146 1.004.548
850,781
5,549
348,822
6,967
359,578
55,569
51.447 3,051,681 2,320.351
104,229 159,327 1,254,319 1,213,375
54,583
67,011
709,621
588.236
28.239
26,827
293,473
256,751
38,283
4L997
254,202
281,120
444,297
7,524
9,618
352.890
50,150
43,500 3,082,725 2.711.078
27.000
26,911 1,146.657 1,077,130
28,279
32,353
30-i,744'
275,895
10.000
8.200!
60,147
68,166
138,616 127,55(3 6,522,034 0,087,040
133,846 115,348 5,125,432 4,525,732
201,131 189,000! 1.550.212 1,493,863
257.292 178,800 1,72 ,296 1,656,016
77.809
67,996
809,82s
740,336
15,241
13,9551
731,902
621,7-10
347,950 286 908 3,166,231 2,514,848
20,008
12,8951
290.890
335,282
28,854
18,984.'
148,846
210,189
40,726
43,562
222.985
228,627
I il AGI. North’ll lstw k Dec.
tJnioroo. iMex.) Wk N ov.’28
Iowa C entral... Istw k Deo.
Iron R ailw a y... November.
Jack. T. A K.V* October...
K anaw 'aA Mien Istw k Deo.
K.C.F.SoottAM. Istw k Deo.
K.O.Mem.ABir. Istw k Deo.
Kan. C. N. W ..„ November.
Kan. City A O in. Istw k Deo.
K. O. Pitta. A G . 2d wk Deo.
Kan.C.Sub.Belt 1st wk Deo.
KookukAWest.c •ithwk Nov
U E rle
West, Istw k Deo.
Leh igh A Hud. Novetnoer.
Lehigh Val. RR. October ..
Leh. V. Coal Go October...
L ex ’gtonAEast. October...
Long IslandRR. November.
Long la. System. November.
Los Ang. Term .. November,
Louift.Ev.&St.L Istw k Deo.
Lo i l H. A St. L.. atwk Deo.
Louisv.ANashv. Istw k Dec.
Maoo.i A Birrn. November.
Manlstlque___ November.
I Mexican Cent.. Istw k Dec.
Mexioan Inter’l October...
iMex. National lacwk Dec.
Mex. Northern.. October...
IM exioauR’ wav W kNov 26
Mexican So___.. 4thwkNov
Miuneap.ASt.L Istwk Deo.
Istw k Dec.
M.
SLP.AS.StM
Mo. Kan. A T ex Istw k Dec.
Mo. Pac.&IronM Istw k Dec.
Central Br*oh Istw k Dec.
T ota l...... . Istw k Deo.
Mobile A Birin.. Istw k Deo.
Mobile A Ohio.. November.
M ontAM ex.G 'l1 November.
Nash,Ch.A8t.L. November.
N evadaOentral. August---N. Y. O. A H .R ., November.
N. Y. Ont. A W .. Istw k Dec.
N. Y . Susq. A W. Ootober...
Norfolk A West. istw k Deo.
North’n Ala.Ry. ith w k Nov
Northes’ n(Ga.). Septemb'r.
North’nCenrral October...
North’n Paoilio. Istw k Deo.
Ohio R iver....... Istwk Doc.
Ohio Riv.AChas. August___
Ohio Southern.. November.
Oreg.RR.ANav. 1stwk Dec.
Oreg. 81l Line.. October...
Pae. Coast Co.. October...
Paoilio Mail____ October. .
Pennsylvania) Ootober...
PeoriaDeo.&Ev. Istw k Dec.
Petersburg.___ Septemb’r.
Phila. & E rie... Septemb’r.
Pliila. A Read... October...
Coal A Ir. Co. October...
Tot* both Co’s. Ootober...
Phil. R. A N. E Ootober.. „
Phil. Wilm. A R. Ootober...
PifctB.CLO. ASt* L. October...
Pitts.Lisb.AW n November.
Pitts. Bee. A JUE. Is t wk Dec.
Pitts. A Wes’ n.. Istw k Deo.
Pitts, OLAToL Istw k Dec.
Pitta. Pa. A F. Istw k Deo.
Total system lstw < Dec.
P itteb .Y o .& A ., October...
Rioh.Fr'asb&P. October..
Rich. A Peters b. Septemb’r.
Rio G rande Jot. Septemb’r.
RloQrande So’ n Istw k Dec.
RioGr'de West. Istwk Dec.
8t. J o s.A G r.L .. istw k Dec.
8t,L.0hLASl*P. November.
St.L.Ken’otA So November.
BLL.ASanFran. Istw k Dec.
St.L. Southwest. Is t wk Doc
St. Paul A D al.. November.
San. Ant, A A. P October..
San Frau. A N.P November.
8. FoPrea.& Ph. 3dwk Nov.
8av.Fla. A West. Septemb’r.
Sher.Shrev.ABo. •ithwk Nov
811. Sprs. O. <%G Septemb’r.
Sioux C. A Nor. October...
So. Paolho Co,
Gal. Har. A S.A Septemb’ r. 500,383 396,100 3,955,803
Louis’s. West. Septemb’ r. 108,035
59,67 L
934,743
Morgau’sLAT. Septemb'r. 481.907 410.006 4.625.212
N .Y .T . A Mex. BeprembT.
38,048
43,719
241,756
Tex. A N . Orl.. Septemb’r. 156,154 100.914 1,267,693
Atl. Prop’tes.6 Septemb’ r.
1.048.933
So. Pao. o f Cal. Septemb'r. 1,245,275 1,380.0.3
8 o.Pac.ofAm . Septemb’ r. 220,086 231.7 262,291,910
So.Pao.ofN.M. Septemb’ r. 112.759 108.203 1,164,042
Paoltlo system Septemb'r. 3,395,700 3,446,151
Total of all./ October. .
.
1.430.934 47,408,,044
Siuthorn R y.o .. Istw k Dec. 488.139 451.026 21,324,,265
Stony Cl. AC.Mt. O otober..
1,326
1,1.01
36!,221
Texas Central.. ithw k Nov
16,468
16,201
350,,340
Texas A Paolho. Istwk Dec. 196 653 196.007 7,224, 909
Tex.B.V.& N.W November.
7,800
4,739
54,,724
T o», A Ohio Cent-. Istw k Deo.
39,288
43.425 1,732,,402
Tol. P. A West.. istw k Deo.
20,422
20,188
914, 464
ToLSt. L .A K .C . Istw k Deo.
46, lii 7
41,565 2,100 271
Union Ptto,RR,. October... 2,069.66 > 1,801,792 14,532 898
Ju.P.Don.AG-. 4t hwk Nov
74,948
7'.065 3,453,,743
Wabash......
Istw k Dec. 268,928 2s6 761 12,830,,6j 9
WaooANorthw. J u n e .......
9,221
12,136
78, 751
W.Jers6y&Sea’e October...
201,830 178,112 2,349,,520
W.V.Cen APltts October...
94,204
964,,311
90,4*2
fVestVa.APltts. Septemb’ r.
39 030
38,208
287, 315
Western o f Ala. October...
66.2.1
45,336
523, 646
West. N. Y. APa. 4thwk Nov
84,20b
93.1.00 2,828, 650
Wheel. A L. Erie Istw k Dec.
27,613
30,706 1,379, 859
iVU.CoL A Aug. J u n e .......
39,522
344,,384
Wisconsin Cent. Istw k Dec.
81.755 4,596. 311
3,315,477
706,967
3,717,609
248,168
1,113,461
1,870,597
998,316
41,140',510
19,081,911
32,g04
300,232
6,8(9 882
36,100
1,583,976
874,731
2,114,967
13,332,618
3,215,102
11,387,057
97,518
2,239,903
943,629
293.572
489,137
2,861,700
1,087,458
310,932
4.228.886
TH E
D ece m b eb 17, 1898, j
Latest Gross Earnings.
ROADS.
Week or Mo
W rightsv.*Ten. septemb’r.
York Southern October...
1898.
1,331
7,660
1897.
9,354
7,964
C H R O N IC L E ,
/an. 1 to Latest Date.
1898.
$
61,872
61,292
4th week o f November.
1897.
6*1,143
58,316
a These tigurea Include results on leased lines, b inoludes earnings
from ferries, eto., not given separately.
c Inoludes Des Moines &
Kansas City for all periods.
d Inoludes operations o f tlie Ohio. Bur
lington & Northern In both years.
e Inoludes results on A. T. & 8.
Fe, Gulf Col. & s Fe, 8. Fe Paeifio old Atlantic & Paoifloi and 8o.
Cal. By.
f Includes the Paoiflo system, the Atlantto properties and
the Houston & Texas Central system, g Beginning July, earnings of
Memphis Division and Middlesborough & Aiken branohes areinoluded
for both years, h Results on Cin. Lebanon Northern are included
form September 1 In both years, i Traffic suspended on account o f
Y e llo w Fever.
* Results on Kansas City & Independence A ir Lin e are not Included
fo r either year.
t Inoludes Chesapeake & Ohio So’western for both years, but Ohio
V alley and Chicago and for Texas 1898 only. Results on Yazoo Branch
exoluded after July 1,1898.
J Mexican ourrenoy.
t Covers results o f lines ireotly operated east o f Pittsburg
Chattanooga Southern..
Fla. Cent. A Peninsular..
Literoceanio (M ex.).......
Keokuk A Western.......
Mexican Southern.........
vfobile A Birmingham...
Northern Alabam a.. ...
-ho Grande Western......
On. Pac. Den. A Gulf___
1255
1898.
1897.
S
1,747
74.618
46.888
66,800
13,649
81,300
14,880
12,222
6,644
107,100
74.948
8
1,796
49,512
45,189
55,401
16,100
66,00 i
13,647
14,517
5,740
106,600
79.065
Total (92 roads) ... ... 12,186,432 11.903,322
Net inorease (2-38 d . o.).
Increase.
$
Decrease.
$
25.106
1,699
11,400
15,300
1,233
904
500
49
2,451
2,295
4,117
584,102
283.110
280,992
Net Earnings Monthly to Latest Dates.—The following
shows the gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilation
includes every road from which we can get returns of this
character and in that form is given once a month. Early re
Latest Gross Earnings by Weeks.—The latest weekly earn - turns are published from week to week, as soon as issued, but
'tags in the foregoing are separately summed up as follows :
for the convenience of our readers all the roads making re
For. the first week of December our preliminary statement turns are brought together here in the week in which we pub •
covers 77 roads, and shows 5-76 per cent increase in the lish oui monthly article on net earnings—say on or about the
aggregate over the same week last year.
20th of the month.
1st week, of December.
1898.
1897.
$
40,542
26,0 3
13,303
132,376
64,764
84.598
534.000
133.068
1.030
261 839
128,537
94,717
56,371
662,602
22,418
27.786
17,559
15.830
294,449
35.042
162,9 '0
24.760
25,212
7,266
23.211
55.602
13.609
34,420
22,621
38,897
7,425
724
2,116
Increase. Decrease.
*
34,259
26.155
12.771
121,105
Balt. * Ohio Southwest .
65,853
Buffalo Booh. * F tttsb’g
Burl. Ced. RaD. * North.
113 718
591.000
Canadian Paoiflo.. . . . . . . .
133,839
1.240
Chattanooga Southern...
Chesapeake A Ohio ...
228,7(53
117,317
Ohloago * East. Illinois.
113.164
Ohio. Great Western____
Chic.Indian’ lis A Louisv.
61,109
Chicago Milw. A 8t. Paul
802,823
Ohio. Term. Transfer ...
24.198
Chicago & West Michigan
34,956
18.447
13,416
Clev. Canton A 8outh’n..
Cleve. Cin. Ohio. & St. L ..
269,334
d e v . Lorain & Wheel’g..
29,672
D e n v e r * Rio Grande...
185.200
27,291
Det. Gd. Rap. & Western
Duluth 8o. cmore A A t...
26,699
■vansv. A Indianapolis.
6.124
Kvansv. * Terre Haute.
27,315
Flint & Pere Marquette..
58,643
Ft. Worth A Rio Grande.
15.955
* 32,636
Georgia & A la b a m a ......
23.153
Grand Rapids & Indiana.
38,530
Cin. Rich. A Ft. Wayne
8,123
697
Mask. Gr. Rap. & In d ..
1,537
Grand Trunk...............)
Cnlo. * Grand Trunk V
454,296
Det. Gd. H. & M....... )
International A Gt. No..
96,968
43,788
Kanawha * Mlohlgan___
11,657
Kan. City Ft. 8. A Mem..
81,610
Kan. City Mem. A Blrm.
33,359
Kansas City A Omaha .
5.896
Kan. City Plttsb. * Gulf
60,806
Kan. City Sub. B e l t ____
10,983
62 686
Louisv. Evansv. & 8t. L
28,880
Louisv. Hend. A 8t. L ...
9,168
Louisville A NashvHle...
456.160
Mexican Central............
327.948
Mexican National..........
126.186
Minneapolis A 8t. Louis.
54,724
Minn. 8t. P. <fc 8. 8te. M..
90,508
Mo. Kansas A T ^ ras......
297,463
Mo. Paoiflo A Iro n M t....
517,000
Central Branch...........
15.000
Mobile A Birmingham...
6,940
JT. Y. Ontario A Western
61.055
Norfolk A Western.........
260.903
Northern Pacitio............
557,617
Ohio R iv e r.....................
20.549
156.758
Peoria Dec. A E vansv...
15,934
Plttsb. Bess. A L. Erie..
18,066
Pittsburg A Western____
55,569
Rio Grande Southern___
9,61s
50.150
8t. Joseph A Gd. Tsland.
27.00U
flt. Louis A San Fran......
138,616
133,846
flt. Lon is South western..
Bonthem R ailw ay.. ...
488.139
196,6 »3
39.288
Toledo * Ohio Central..
20.422
Toledo Peoria * West’n ..
Toledo St. L. * Kan.City
46,137
268,92-1
Wheeling A Lake E rie..
2*7,ttl3
Wisconsin Central.........
83 515
85,354
35,244
10.538
99,214
29,454
6.829
58,344
7,933
61,626
28.238
10,200
436,700
287,021
121,025
44.481
81,102
276,315
511.000
21,000
10,010
61.156
252.334
485.910
20,525
153,324
16,314
18,324
51,447
7,524
43,500
26,911
127,556
115,348
451.026
195,067
43,425
20,188
44,565
236.761
30,706
81,755
“ 1,760
8,738.514
...........
8,202,595
...........
615,654
475,919
Alabama Gt. Southern..
Ann A rb o r......................
Total (77 roadst ... .
Net Increase (5*76 n o . .
$
132
1,089
29,120
57,000
751
160
______
18,447
4,738
140,221
1,7*0
7,170
888
22,300
2.531
1,487
4.104
3,011
2,146
532
698
491,414
$
6,283
’ "’ *532
8,271
33,076
11,220
2,414
25,115
5,370
1,142
1,784
367
27
529
37,118
11,614
8,514
1,119
3.905
2,462
3,050
l,06o
642
19,460
40,927
5.161
10,243
9,40n
21,148
6,000
1,899
8,569
71,707
24
3,434
4,122
2,094
6.650
89
11.060
18.498
37,113
1,586
234
1,572
32,167
...........
17,604
933
1,032
6,000
3,070
380
238
4,137
3,093
169,735
For the fourth week of November onr final statement covers
92 roads and shows 2 38 per cent increase in the aggregate
over the same week last year.
4 th week o f November.
Pre/ionsly rep'd <78 r’ds
▲la. No. A Tex Pao.—
New Ore. & No. East...
Ala. <fc Vick.Mmrg ......
Vicks. 8h. A Pac . . . .
1898.
1897.
*
*
11,575,836 11,330,856
49,800
30.000
30,000
52,400
35,500
31,000
Increase.
*
507,960
Decrease.
*
262,980
2.600
5,500
1,000
The re tu rn s o f the s tre e t ra ilw a y s we g iv e by them selves
u n d e r a s ep a ra te head a t the e x tre m e e n d o f these ta b u la tio n s
— see p a ge 1258.
-----Gross Ea m inqs.---- *.-----Net Earninas.——s
1897.
1898.
1898.
1897.
Roads.
$
*
$
$
3.
20,371
17,640
9,647
5,436
.
165,061
152,880
61,763
46,237
AlabamaGt.South.a
154,439
112,948
51.754
52,021
. 1,426,456 1,297,133
398.170
351,731
550,636
.
589,983
193,244
187,087
95,015
38,291
65,959
24,627
505.388
138.796
.
645,565
90,136
170,151
July 1 to Sept. 30.. .
238,775
65,896
40,336
211,119
262,491
114,816
Allegheny Valley. b..Oc i.
135,096
. 2,211,173 2,086.931
929,6 L4
877,503
125,107
26.909
;.
126,851
38.885
. 1.215,605 1,070,420
26 J,310
346,566
18,912
9,130
15,399
12,230
91,680
90,519
Jan. 1 to Oct. 31
8,784
9,776
3,995,267
3,695,379
rl.515,585
t
l
,
288.127
A tch .Top .*S .Fe.b .*O ot.
Jan. 1 to Oot. 31..... 31,980,292 29.008,101 8,014,355 6,870,125
July 1 to Oot. 31___ 13,191,956 12,927,105 t3,533,982 t3,739,316
5,036
Atl. Kuoxv. A No___Oot.
31,808
30,062
2,496
53,300
Jan. I to Oot. 31___
262.902
235,318
51,658
26,880
Atlanta&W. Point. b.Oot.
57,071
53,138
26,442
177,980
Jan. 1 to Oot. 31......
471,998
153 501
177,749
86,184
80,327
July 1 to Oot. 31......
201,870
189,486
9,658
12,242
A tla n tic * Danv’e.a.Sept.
15,748
43.731
102,428
Jan. 1 to Sept. 30 ...
411,101
389,379
98,167
27,542
July 1 to Sept. 3 0 ....
132,546
129,134
32,842
9,304
Austin & Nortw’nb.Sent.
18,982
17.808
6,567
8,705
7,269
July 1 to Sept. 3 0 ....
33,928
40,227
694,984
732,077
Baltimore * Ohio b Sept. 2,536,271 2,433,750
Jan. 1 to Spot. 30....20,972,108 19,119,811 5,318,339 4,152,137
July 1 to Sept. 30 . .. 7,343,729 7,051,072 1,834,740 1,966,923
200,091
177,029
Balt. & Ohio South b. Au g.
615,639
590,662
Jan. 1 to Aug. 31 ... 4,510,L71 4,091,629 1,122,544 1,200.081
268,424
342.787
July 1 to Aug. 31 . .. 1,122,923 1,128,655
7,651
Bath * Hammonds..Oot.
9,612
10,590
8,533
12,392
10,889
Jan. 1 to Oot. 31......
27.117
29.200
11,982
10,059
July 1 to Oot. 31......
17,080
19,019
1,251
828
Blrm. & A tlan tic.b..O ot.
2,958
2,838
1,667
2,114
July 1 to Oot. 31. . ..
8,167
8,727
19,137
20,593
Branswiok AWest.bSept.
56,618
49,261
140,612
114,888
Jan. 1 to Sept. 3 0 ....
456,720
418,987
45,830
54,906
July 1 to Sept 3 0 ....
158.478
14 5,181
134,621
118,183
Buff. Room * Pitts. b..Oot.
349,672
353.702
955,552
Jan. l t o O o t . 3 l ...... 3,182,166 2,843,186 1,13 1,104
485,604
July 1 to Oot. 31...... 1,375,917 1,290,944
471,008
24,088
Buff. St. M. & So'w.a.Oot. 34,906
...........
166,564
Jan. 1 to Oct. 31......
262,042
...........
20,460
65.674
31,906
B u ffalo* Susqueh.a.Oot.
80,063
178,563
512,445
246,040
Ian. 1 to Oct. 31......
549,000
83.612
242,436
July 1 to Oct. 31......
280,198
123,573
170,136
477,463
119,446
Burl. Oed. R. * No. a . Oct.
497,913
Jan. 1 to Oot. 3 1 ..... 3,718,810 3,493,403 1,181,739 1,010,863
Canadian Paoltlo.a..Oot. 2,638,730 2,790,001 1,255.845 1,414,738
Jan. 1 to Oot. 31...... 20,943,363 19,180,341 8, L15.751 8,060,588
5,003
3,977
7,200
Carolina Midland___ Oct.
8,741
16,043
49,091
17,918
Jan. 1 to Oot. 31......
54,089
300 427
617,787
283,478
Oent. o f G eorgia.a..Oot.
649,891
Jan. 1 to Oot. 31...... 4,438.8 >5 4,239,815 1,371,882 1,377,848
676,208
720,488
July 1 to Oot. 31. ... 1,974,754 1,859,282
5 31,885
564,182
Cent, of .V. Jereey.a..Oot. 1,245,052 1,230,733
Jan. 1 to Oot. 31.......10,329,432 10,480.517 4,035.830 4,017,250
655,123
730,953
Central Paoltto.b...-Sept. 1,485,754 1,453,385
def.954
7,339
40,392
Char. * Savannah. bSept.
44,457
101,897
135,826
465,391
Jan. 1 to Sept. 3 0 ....
517.836
1,621
11,739
115,760
July 1 to Sept. 30___
131,314
def.287
def.856
5,592
Chattan’ga South.a .Oct.
5,493
3,091
61,438 def.5,765
Jan. 1 to Oot. 31____
57,580
361.070
322,942
Ohes. * Ohio, a ...... Oot. 1,085,494 1,000,527
Jan. 1 to Oot. 31___ _ 9,848,384 9,252,110 3.205,522 2,880,046
July 1 to Oot. 31. . .. 4,107.589 3,902,459 1,432,283 1,329,303
Ohio.Burl.*Quln.b..Oot. 4,834,207 4,357,251 2,230,119 2,031,603
Jan. 1 to Oot. 31...... 35,556,303 32,610.412 13,442,073 13,103,052
July 1 to Oot. 31. ...15,704,553 15,663,566 6,600,053 6,829.356
442,244
201,276
217,714
Chicago&East. 111. b .. Oot. 114,934
Jan. 1 to Oot. 31....... 3,510,696 3,283,433 1,491,161 1,382,995
689,350
600,011
July 1 to Oot. 31...... 1,511,571 1,363,539
528.692
203,821
179,334
Ohloago Gt. WesFu...Oot.
543,529
Jan. 1 to Oot. 31___ 4,607,305 4,210.857 1,460,360 1,269.744
734.304
658,976
July 1 to Oot. 31...... 2,012,741 1,923.947
325,109
106,971
120,369
Ohio. Ind. & Louis.a..Oot.
307,542
847,611
816,102
Jan. 1 to Oot. 31...... 2,775,349 2,664,314
436,743
417,036
J u ly l to O o t.3 1 ...... 1,235,042• 1,247,051
TH E
1266
~—~O r Jit JTarmntf*.— .----Set Jfaniiiijy#.—
tm g ,
ig&7,
1S9S
1897
f
3
$
*
3,579.447 1.019,974 1,613,290
Qst&e X. Je S t f i- .O c t
, i^ \ n
29.03J.235 10.7 75.645 9,932,508
Jtaty l
li.281,753 5,320,635 4.808,155
840.295
922,950
. 3.161.773 1.099,822
.12,718.650 11,116,008 4,450,363 4.008 579
61.426
247,223
64,125
249.292
165.221
59.116
302.164
1,641.374 1,367,828
184.011
85.086
159,983
967.404
1,346.683
41.1,761
Jfcfe. i «JS*OCl SI
597,709
o**a a n .... 1,831,887 1,229.085
819,392
139,818
408333
CSjl 24.0-A T ex Em .064.
J*fe, l %n 0 cL J l. .. 3,863,*78 3.983.097 1,338,194
1.263,850
589,676
1,675,335
JuJjr l to O ct 3 1 ..,.
25,604
5,330
•25,083
Ol6 INwi *- A V (9 b . O e i
281.705
48,278
Jfm». I le (Jet- J t. ..
319.082
101,949
108,107
32,126
Jttl* 1
31a ...
13.542
07,0113
77,638
CSustr- OUltAO A So. .Oot
533,032
507,428
80,287
JUi,. l to Uei, M ......
251,213
231,760
36,174
jtiijr l to Orta 31 ....
379,315
H
Oct 1 ,3 2 2 1 0 1,297.581
Jim. X to Oct. 31___ 12,080,497 11,314.032 3,160,101
JoSjr I to O c t 11...*. 5,181,245 4,330,313 1,505,759
173,870
164,180
37,700
fV a fi* A
355.378
a « s . i to O e *.3 i___ 1,560.3^2 1,485.455
141.975
629,514
637,730
J « t r l to : » c i 3 i ......
134,120
39,527
A WfcneLaScpt.
124,0.19
J i-n 1 |0 Sttf* SO... 1.111,168
304,256
9 to t763
J aly 1 to
30--380,178
312,109
109,504
40,349
Go;or*do M ldHa'l. .Oct.
159.137
177,277
225.313
J*o. 2 to Oot, 3 1 ..... 1,349.300 1,450.326
590.093
615,184
113,411
Julr 1 to O ct 3 l ...
75.529
69,651
8,045
OeLSeedu a Uo?k*g ftept.
1,173
1,310
G rji'v*!... . . . . . ... .Oct
d o t 183
11,172
J*xs. 1 to Oct. 31......
12.026
4,668
81,685
31,436
86,272
Cteiabortaat V »i b . .Oct
i to Oct. J l ____
708,989
687,790
209,845
898,372
791,957
PHD A K.
b. Oot
385,685
Jab. 1 to Oct. 31 ...... 7,076,125 6.082.038 2,906.241
JoJy 1 t o O c T J l___ 3,208,668 2,906,3S3 1,367,560
2)e« MoIg m No.A *V_b . Ocl
4 d ,ll7
43,189
20,275
Del. 04. H*j>. «fc W **. Oct.
141,735
126,983
38.314
J i t 1 to CUT 31___ 1.205.442 1,078,306
279,434
Dtt&roit 4 M udiV .a.O cL
33,935
33,956
4,992
Jan. t toO ci. d i ......
448.152
154.345
400.627
166,628
July 1 to Oct. 31......
136,338
30,131
JoUci A K,.a-.Oet.
116,572
150.781
63,548
971.551
J*n. 1 To Oct. 31___ 1,268,802
500.159
515,758
406,802
Jaljr i to Oct. 3 1 . . .
199,601
___ ......Oct. 3,116,148 3,269,293
997,630
J hii. 1 to O f t. 3 _____ *7.119.077 27.317.757 6.771,439
July 1 to (H i . 31___ _ U ,619,179 2,191,648 3,580,282
tluT«r-it*
... .Oct,
4,923
4.499
2,315
47.669
53.332
Ja». I tu Oct. 31, ...
19.330
F t w . W. bSept
8,250
2,489
6,087
47,904
April : to Sept 30....
39,023
11,709
Flits.? A P a m Warq.a.Oet.
289,824
261,605
87,496
Jits. 1 to O ct 31____ 2,506,510 2,285,553
644,502
IX IV. * Den, I'Hjr.ta O ct
166,993
151,094
42,252
J l£ . 1 to O c t 31...... 1.143.720
984,876
363,866
F T f w t ' i it Rio O f ..Oct.
83,928
60,081
55,349
Jan. I to O ct 31 .
420,700
292.205
181,597
190,699
Jttljr 1 to O c t 31......
151,555
103,698
Ottdxtou At A IT UO-NOT.
770
769
313
Jan. 1 to N'tjV, 30..*,
6,74 J
7,846
2,054
177.727
OCOTAI*
O ct
182,609
IT74.694
J*2x. 1 to O ct.St. ... 1,276.431 1,233,139
294.230
t to OCT 31......
54 J. 156
555,978 £153,854
A AlaVft.aO et..
131.656
124,163
48.612
1 to Oci. 31____ 1.0 J *,410
895,222
271,7*44
143.211
Ja,r l to Oct. 31......
398,576
134,387
U . 609(1!.* P i*.a ..O ct.
85,734
30.031
81.062
Jajb. to Get. 31. ...
30d,0'2t>
713.452
235,678
Jttiy t to Oct- 31 . .. .
323.307
306,525
100,327
tJA
A !n4.a..OcU
241,632
243,369
43,069
J*a 1 to Oct- 31____ 2,302,553 2,094,814
562,473
Of.Tran it of (X tuvlx,Oct. 1,8 tO. 297 i.907,513
703,219
J*o. t to Oot. 31...... 15.960,472 15355,010 5,561.416
Jaly 1 to Oci. 31...... 6,851,490 7,306,586 2,508,951
Cbte. A Qr. Trunk. Oct.
309,876
286.093
46,992
July l to Oct 31...... 1,162,519 1,103,409
205.487
XML. Or. If. A Ml) .Oot.
90,358
102.111
26,805
Jtlljf 1 to Get. 3 t ,
301.238
390,104
110,758
flntf tftn*ttta*t A ft. C.—
J *e. l to July 3 1 . . .
93.256
70,643
47,095
© « if A rh M a w b ,, Oct.
9.123
5,827
4,760
J*tl. 1 to Mrt... 31. ...
43,812
37,201
11,574
G «lf A
K R .M f l toH op i JO ...
53,977
29,230
26,163
Taq. A A*U.,«4'pt.
5,290
5,192
1,915
J*n- 1 to
30 ...
30,700
41,083
13,874
A Test.
H<ipi ,
150,953
373,936
271,706
Jan,. 1 \n H-rpt. SO .., 2,195,901 2.141,091
652,323
018,641
002*216
401,306
mi n . « • - o r .. . ; oet. 2,-446,737 2.439,3110
770,418
- * i to*to?, a i t
19,047.042 6,879.8*8
8,179,121 8,945,343 2.637,797
tSd-Ssn# tlL A l'*w » 6 Oct,
65,885
65,329
23,289
J:*4I. 2 to Oci. 3 i . ....
705,035
625,073
209,931
260.551
23J.001
02,578
I4 »a O
. b . . . . .Oct366,495
180.331
64,753
» to 0ML
1,042.05 4 1*400.301
465,944
743.994
040,359
209.326
Xfurn Rah
. k ...... .Oct,
4.339
3,733
def.793
41.1A3
31,500
't*?' . ^
31. ..**
13.071
* *
to oct. j l . ...
15,101
13,49 i
3,-556
J(tokT T im .A K- * k> O c i
28.471
22,006
3.933
f* * - \
Oct. 3 l . ...
293,503
248.556
42,406
197,619
461,024
24.058
A
b CH,
54,476
50,109
18,209
1 to Oct- M . .. ..
474,601
436,231
129,468
Jttiy 1 to Oct, 31
206.027
192.594
62,944
52,888
288.751
71.695
299,883
392,355
105,114
1,01.',338
*13,343
4.620
39.920
26,873
26,627
94,780
52,994
275.177
2,690,692
1,110,382
41,495
312,725
149,755
39,7 30
245,443
72,711
45,1-9
349,144
169.775
13,899
3 $3
5,999
31,20?
221.726
315,953
2,533.052
1,199,743
11,309
37.133
228,991
8,574
98.572
27,162
39,789
305,789
107,735
1,010,600
7,089,615
3,690,675
2,076
24,109
577
d et 4,235
86,(51
600,683
69,796
285,718
37,722
77,174
65,245
356
3,030
£74.099
o 18.076
£160,509
53,234
236,155
131,907
27,917
222,040
105,5 0
06,097
528,4(19
773,434
5,442,972
2,717,951
43,551
139,29 2
31,310
125,680
O&lc- Ttoft*. Tlrttuf. b .Oct
J a il t to Oi*u J l .
CfciA A W «*f Mir a . Ool
1 0 «,7 U
loS.430
97.8 <0
36-4,139
[VOL. LXVII
C H R O N IC L E .
1.601
3.164
7,883
9.728
1,832
19.501
199,081
513, 61
333.019
878,7*4
5,580,308
2,804,963
18.093
170,105
45.825
68,861
452,S8i
237.403
1,080
8.167
3,280
42
22,149
8,353
18,670
113,940
53,084
— G r o ts R a m in a s .
.Ve/ E a r n i n g s . -
1897.
1898.
1898.
1897.
Roads.
8
132.809
-177.017 144.143
Kan. 0. P:. 8. A M.a. Oat.
164,047
4,02 >,063 1.254.331 1,267,934
Jan. 1 to Out, 31____ 1.024,744
1,752,361 514,613
Ju;y 1 to Oot. 31...... 1,587.297
882,625
123,871
101,193
34,432
27,939
Kan.C. Mom.,*' B. a .Oot.
948.271 262,147
Jan. 1 to Oct. 3 ( ____ 1,174.320
183,231
108.095
363,932
73,239
July 1 to Oot, 31......
71,723
42,139
50,764
15,031
K. C. A Sul). Boll.ni July
16,962
50,898
55,088
39,659
Keokuk * \Vedt,b b .O ot.
16,937
478,416
482,124 119,169
Jan. l to Oot, 31......
121,600
314,543
299,185 149,123
Lake Erie * Weat,b.Oot..
138,115
2,848,885 1,198,765 1,184,721
Jan. 1 to Oot. 31___ _ 2,880,039
Lehigh Valley R R ..Oot. 2,333,326
2,343,538 951,072
878,671
Jan 1 to Oi l. 31....... x e .3 l9 .U 9 15,847,081 4,612.829 3,938,260
Deo. I to Oot, 31....... 17,758,231 17,398,421 5,076,909 4,295.183
Lehigh Val. Coal Oo.,Oct. 2,234,740 2,536,334 df.47,410
171,621
J.u.
1
to Oot. 31...... 13.206.028 13,667,315 df.913.220 df.131,662
Deo. I to Oot, 31. ...14,715,005 15,127,078 dt.972.617 df.161,239
17,447
Lexington & Kii-it. b Oot.
29,209
10,757
5,314
Jan. 1 to Oot, 31___
173.158
206,127
78,414
57,170
362,427
395,451
Long Island H R .b , .Oot
115,376
101.010
Jan. 1 to Oot. 3 1 ____ 3.959,678 3,57 ‘ ,681 1,239,435 1,157,991
July 1 to Oot. 3 1 ..... 2,122,135 1,897,807
864.195
789,595
410,075
380,706
113,299
Lone Isl’d RRSye.b.O ot.
105,785
Jan. I to Oot. 31...... 4,302,723 3.924,847 1,399,695 1,260,771
July 1 to Oot. 31...... 2,365,741 2,130,107
982,016
913,192
56,128
45.469
15,663
Louis, H e n .* 8t.L. b.Oot.
18,658
407,590
Jan. 1 to Oot. 3 i ......
418,085
99,780
10 ',053
206,497
July 1 to Oot. 31......
170,246
47.240
64,958
Loulsv.& Naahv.b...O ot. 2,102,886 1,868,454
811,202
618,201
Jan. I to Oct, 31...... 18,66 ,093 17.036.275 5,809,618 5,487,916
July 1 to Oct 31____ 7,738,255 7,306.887 2,545,103 2,496,102
8,510
Maoon & Binning....Oot7,560
2,018
def.447
Jan. 1 to Oct. 31......
47,858
51,158 det.6,580 def.25,732
23,641 def.3,102 d ef.ll,7 2 1
July 1 to Oct. 31____
21,715
2,795
MantsUuua.............S o y .
2,335 det.3,647 def.4,823
92.7.53
Jan. I to Soy. 30 ...
105,720
16,815
23,077
Mexloan C en tral....O ot. 1,236,907 1.085,183
449,364
338.727
Jan. 1 to Oot. 31____ 10,974,721 10,411,975 3,3 72.164 3,142,516
Mex. International..Oot.
281,462
246.141
119,911
100,897
Jan. 1 to Oot.31...... 2,768,316 2,505,892 1,1 16.057
943,655
dexloan National...Oot.
575,561
525,213 C310.908 e.264,922
Jan. I to Oot. 31...... 5,126,887 4,986,359
' --------- 0.2,391,939 c2,431.507
Mexican Northern...Oot.
45,174
56,831
23,879
34,301
Jan, 1 to Oct. 31___
493,319
498,141
263,784
288,918
July 1 to Oct. 31____
216,009
190.927
115.123
116.741
Minn. * St. Louis,a.,Oot.
2 14,535
256,849
111.560
119,788
Jan. 1 to Oct 31...... 1.801,353 1,764.426
709,739
677,500
July l to Oot. 31......
801,408
355,076
353.870
362,509
84. fit. P. & 8. S. M ......Out.
510,768
479,072
253.124
271.579
Jan. 1 to Oot. 31.___ 3,473.739 3,(28,802 1,543,009 1,310,010
July 1 to Oot. 31____ 1,647,352 1,535,576
749,698
736,727
Mo. Kansas A T e x .a Oct, 1.538,523 1,403,555
750,219
660,109
Jan. 1 to Oot. 31...... 9,459,121 9,375,10a 2,875,500
July 1 to Oct. 3 1 ..... 4,456,358 4,445,810 1,742,945 1,752,731
Mobile & Bmn'gh’ m.Oot.
43,459
17,327
14,648 dot. 1,284
Jan. I to Oot. 31......
308,469
236,933
63,973
18,804
July 1 to Oot. 31......
126,427
86.355
19,099 def.3,150
M on terey* Mex.<3’f.8apt.
87,673
122,730
55,660
12,488
Jan. 1 to Sept 30 ... 1,092,633 1.041,705
479.350
367.561
Saab. Ob. * 8 t..L .b .N o y .
504,362
468,451
154,187
162,504
Jan. 1 to Soy. 30 ... 5,384,486 5,002,550 1,942,748 1,809,335
July 1 to Nov. 30 ... 2,848,767 2,452,451 1,0(9,429
908,285
Nevada Central....... Aug.
1,075
d e l 126
3,245
347
July 1 to Ang. 31 ...
6.2L7
6,776
865
1,150
N Y. Ont. & West.a..Oot
368,327
370,412
110,182 ‘
119,238
Jan. I to Oot. 31...... 3,189,76) 3,289,290
920,373
858,993
July 1 to Oot. 31...... 1,157,706 1,521,592
502,984
447,476
N.Y. Sus. * W est..d.O ot.
236,036
213,487
107,322
86,133
Jan. 1 to Oct. 3 t ...... 1,875,292 1,816,856
791,523
840,373
July 1 to Oct. 31......
804,536 ■ 807,407
390,403
345,256
N o r fo lk * vVest’n .a .Oot-, 1,071,157
955,893
400,304
238,685
Jan. 1 to Oot. 31...... 9,364,598 9,003,277 2,804,344 2,629,425
July 1 to Oot. 31...... 3,900,631 3,883.176 1.338.607 1,200,190
Northeastern of (ia.8e.pl.
6,530
5,944
2,007
506
Jan. 1 to Sept. 3 0 __
48,012
42,859
2,719
9,538
July 1 to Sept. 30___
15,531
14,980
3.276
3,056
No. Alabama R v ...... Oot.
21,225
16,165
5,663
5,803
July 1 to Oot. 31......
76,382
61,466
17,780
26.826
Northern Central.I>.,Oot.
869,907
645,636
218,701
242,973
Jan. 1 to Oot 31. ... 5,400,870 5,531,077 1,509.679 1,699,790
Northern Pacitto b .Oot, 3,049.318 2.784,755 1.844.608 1,667,962
ran . 1 to Oct. 31...... 20,215,428 16,6091386 10,3931738
7, 09,313
July 1 to Oot. 31...... 9,951,372 8,964,516 5,698.622 4,827,550
Ohio R tver.b......... ..Oot.
98,105
105,535
43,572
41,978
Jan. 1 to Oct. 31......
801,816
295,876
891,911
279,329
Ohio R iver * Ohae.b Ang.
14,170
12.744
610
1,329
Jan. 1 to Aug, 31 ...
11,550
128,040
112.050
15,957
July 1 to Ang. 31___
27,992
1,451
25,389
1,789
Oregon RR. * Nav., Oot.
816,017
725,566
402,983
403,558
Jan. 1 to Oct, 31...
5,877,767 4,403,104 2,369.749 1,901,549
July 1 to Oot. 31...... 2,624,774 2,427,092 1.196,600 1,247,603
Oregon Short Line.aSept,
654,699
531,590
311,502
197,081
Jan. 1 toSopt. 30 ... 4,851,647 4,301,351 2,271,033 1,853,247
July 1 to Sept. 30___ 1,806,191 1,595,316
027,841
852,839
Pacino Coast Company -See Miscellaneous Companies.
Pennsylvania—
Lines d 1re c tly op orated—
East o f Pitts at E.0ot. 6.001,778 5,996,778 2,244.601 2.175,900
Jan. 1 to Oot. 31...... 51,040,584 52,785,28* 16,973.307 16,906,807
(Centof P itts .* E.,Oct.
Ino.
4,300
tno.
121.400
Jan. 1 to Oot. 31......
In o .2.40 1 ,6 0 0
Deo.
278,900
Peoria Doo. & E v.b.A u g.
91,569
95.078
11,948
22,706
Jau. 1 to Aug. 31 ...
569,332
592.949
67,000
105,546
Petersburg, b .......... Sept,
46,778
40,510
23,856
20,279
Jan, 1 to Sept. 30 ...
489,015
432,235 258,574
208,940
July l to Sept. 30 ...
145,079
120,523
74,610
54,880
PbUa. A E r le .b ....... Sept.
484,248
515,155 186,634
192,752
Jan, 1 to sept. 30 ... 3,198,471
3,220,830 944,195
925.364
Phils. <fe Reading.b..Oot. 2,214.018
2,184,4541,042.110 1,070.340
Jan. 1 to Oot. 31----.17,902.900 17,412,163 7,459,810 7,500,933
July 1 to Oot. 31...... 7,802,231 9,013,861 3,411,672 3,755,122
Goal * Iron Go.b .Oot. 2,342,4:2 2,505,170
103 106
264,624
Jan. 1 to Oot. 31. ...16,817,5 28 18,196,487
117 335 df.15,597
July 1 to Oot. 31...... 7,290,858 9,130,836
459,249
620,072
THE
D ecem ber 17, 1898,1
----- G ross Earnings.--- * ---- Net Earnings. —
Roads.
1898.
1897.
1898.
1897.
Phil. A Read.—( C on .)—
$
$
$
$
Total both Co’s. b..Oot. 4.556.440 4,689,624 1,145.216 1,334,964
Jan. 1 to Oct. 31...... 34,720,428 35,609,050 7.577,215 7,485,336
July 1 to Oct. 31____ 15,093,089 17,144,697 3,870,921 4,375,194
Reading Comp’yb..Oct.
... ...
........
19,649
32,706
July 1 to Oot. 31..................................... ...
67,192
119,840
TotalaU Comp’s.b..Oct............... M
. . . . . . . . 1,164,865 1,367,670
July 1 to Oct. 31........................................... 3,938,113 4,495,034
Phila. Read. A N. E..Oot.
Jan. 1 to Oct. 31......
July 1 to Oot. 3 L......
62,592
527,993
223,361
69,039
538,673
250,814
25,433
155,813
78.216
26,882
197,431
100.953
Phila. Wilm.&B alt. b. Oct.
885,281
798,281
262,836
204,236
Jan. 1 to Oct. 31...... 8,254.059 7,594,939 2,230,055 1,993,855
Nov. 1 to Oct. 31...... 9.753,121 8,943,021 2,626,754 2,333,354
Pitta. C. C. & St.L.a.O ct. 1.595,726 1,429,081
Jan. 1 to Oct. 31 ...13,280,495 12,196,415
654 975
3,810.861
Pitta. Lis. & W est....Oct.
4,570
5,400
Jan. 1 to Oct. 31......
38,261
37.475
Pittsburg A W est’n b. Oct.
293,915 297,175
Jan. 1 to Oct. 31...... 2,717,989 2,485,456
July 1 to Oct. 31...... 1,157,728 1,134,167
Pitts. Youngs. A A ..O ot.
104,229 159,327
Jan. 1 to Oot. 31...... 1,254,319 1,213,375
Rich.Fred. & P o t ....O c t
67,011
54,533
709.624
598,233
Jan. 1 to Oct. 31......
July 1 to Oot. 31......
264.537
215,891
Rloh. A Petersburg.Sept.
23,239
26,827
Jan. 1 to Sept 3 0 ....
293.473
256,751
July 1 to Sepc. 30 . ..
89,349
78.232
Rio Graude J u n c t..S e p t
38,283
43,997
Jan. 1 to Sept. 30 I . .
231,L20
254,292
Deo. 1 to Sept. 30 ...
314,827
277,204
Rio Grande South, b..Oot.
44,202
35,898
Jau. 1 to Oct 31. ...
339,254
307,084
July 1 to Oct. 31......
171,851
131,544
Bio Grande West.b..Oct.
336,892 345,877
Jan. 1 to Oct. 31. ... 2,745.300 2,413.478
July 1 to Oot. 31...... 1,183,242 1,239,183
St. Jos. A Gd. Is l..a . .Oct.
139,373 118,819
Jan. 1 to O ct 31...... 1,0 1 2.707
93 L862
July 1 to Oct. 31. ...
439,851 433,739
86. Louis A San Fr.b.O ct.
711,206 684,551
Jan. 1 to Oct. 31. ... 5,714.722 5,325.863
July 1 to O c t 31...... 2,438,002 2,453,464
8an A n t.A Aran.P.b.Oot.
257,292 176,800
Jan. 1 to Oct. 31...... 1,728,296 1,656.016
July 1 to Oct. 31......
855.118
/52.868
San Fr. A N. P a o .a ..O o t
94,755
87,656
Jan. 1 to O ot 31____
732,016
678,310
July 1 to Oot 31......
363,08 4
343,71 1
Santa Fe Pres. A Pb.Sept
63,715
57,820
Jan. I to Sept. 3 J . ..
609,132
52L.205
July 1 to Sept. 30 ...
202,889
171.251
Sav Fla. <fe W est.b.S ept
347,950
286,909
Jan. 1 to Sept. 30 ... 3,160,231 2,514.848
July 1 to S ep t 39 . .. 1,104,918
780,144
Silver Sp.Ooala&G.bSept.
28,854
18,984
Jan. 1 to S ept 30 . ..
210,189
143,846
July 1 to Sept. cO . ..
77,749
43,257
Sioux City & N orth..O ot.
40,726
43,562
Jan. l to O ot 31......
228,627
222,985
Southern Pacific—
Gal.Har.A8a tA bSept
500,383
396,100
July 1 to S ept 3 0 .... 1,279,370 1,164,625
Louisiana W est..b.Sept
108,035
59,671
July 1 to Sepc. 30 . ..
325,840
223,033
M’gan’ sLa.ATex.bSept.
481,907 410,006
July 1 to Sept. 30 . . . 1,623.394 1,260,131
N. Y. Tex. A M U. .Sept
38,048
43,719
July L to Sept. 3 0 ...,
91.372 111,464
Texas A N. Orl b. Sept.
156,15 4 100.914
July 1 to Sept. 30 . ..
476,538 360,302
Atlan tic Pr’ p’ t^ b S ept 1,330.472 1,043.933
July 1 to Sept. 3 0 .... 3,8s5,243 3,197,780
So. Pae. of Cal b .8 e p t. 1.245,275 1,350,093
July 1 to Sept. 3 0 .... 3,552,964 4,133,005
Bo. Pao. ot A riz.b Sept.
220,086 231,726
July 1 to S ep t 30 . ..
604,390 621,791
So. Pao. o f N. M b.Sept.
112,759
108,203
July 1 to Sept. J j . . .
314,523 310,525
Pacltio System, b..Sept. 3,395.700 3.4 40,151
July l to S ept 30 ... 9 608,697 10,150,292
Total of all b .l....O o t. 5,556,725 4.430,934
Jan. 1 to Oct. 31...... 47.408,044 41.140.516
July 1 to Oot. 31.......20,098,223 18,761,303
Southern Railw’ y.a ..O o t 2,259,282 2,069,870
Jan. 1 to O ot 31.......18,575,944 16,611,178
July 1 to O ot 31____ 8,428.401 7,370,266
Stony C l.A O . M ..b ..O c t
1,826
1,801
Jan. 1 to Oct. 31......
35.224
32,^04
July l to Oot. 31......
25,430
22,990
T3xas central a ...S e p t
38,694
35,435
Jan. 1 to Sept. 30 . ..
205,993
176,305
rv r. 8ab. V. A N.W ..July
4,198
2,960
Jao. 1 to July 31......
24,971
18,154
Toledo A Ohio Cen.b.Oot168,959
186,989
Jan. 1 to Oot. 31 . ... 1,518,114 1,364,350
July 1 to Oot. 31 ......
644,928
538,669
T *l. Peoria A West. b. Vov.
79,169
87,806
Jan. 1 to Nov. 30 ...
894.042 854, j43
July 1 to Nov. 30 ...
4 11,874
433,855
Onion Pao. Ry a ......Oot. 2,009.060 1,801.792
Jan. 1 to O c t 31.......14.532.898 13,832.618
July 1 to Oot. 31. . .. 6,062,320 6,595,788
Un P D. A G u lf.b. Oct.
391,816
400,169
Jan. I to Oot. 31...... 3,109,551 2,857,1Z2
Wabash.b................ Oot. 1,313,135 1,305,010
Jan. 1 to Oct. 31...... 11,349,261 10,089,059
July 1 to Oot. 31____ 4.964,278 4,698,334
W. Jersey A Seas’e.b-.Oot
201,830
178,112
Jan. 1 to Oot. 31. . .. 2,349,520 2,239,908
W est o f Alabama, b.O ot.
06.241
45,336
Jan. 1 to O o t 31......
523.646
489,137
July 1 to Oot. 31......
220,438
188,48 l
1,595
2,245
10,503
11,898
97,283
100,280
820,856
777,894
353,073'
328,493
52,504
6,228
473,288
366,910
21,097
30.014
283.336
199.711
111,207
77,618
8,930
11,120
103,347
88.870
25.649
32.988
f 11,485 f 13,199
8 4,3 85
76,258
t 9 4,448
f 83,161
22,330
16,296
191.752
114,147
46,666
77,902
133,218
130,583
1.017.720
913.275
417,955
439.755
44,292
49,223
288,2. 8
273,905
107,976
173.748
337,417
328.2 >4
2,267,623 2,227,030
1,021,959 1,129,519
61.710
113.214
390,463
466.514
262,930
357,267
44,953
45,895
248,471
273,294
164.389
168,056
31,117
34,279
279,940
383,909
94,057
110.503
95,327
93,827
734,020
949,193
199,158
339,570
10.870
19,937
80,489
127,189
24,745
49.014
27,602
26,041
56.092
00,51 L
190,926
362,508
50,234
159,493
107,842
657,597
21,277
46,791
76,521
233,779
528,432
1.481,646
523,813
1.340.194
75,123
160,719
55,113
137,525
1,445,476
3,755,063
2,345,093
17,188,407
8.033.721
827,2 40
5,734,509
2.750.095
267
14,618
15,747
19,877
51,966
1,9 L7
10.835
59,404
461,902
207,111
19,392
250,769
124,239
1.045.194
6.354.095
3,218,737
189.176
1,036.041
393,943
3,062,664
1,402,394
35,438
070.496
30,568
167,544
88,053
1257
C H R O N IC L E ,
417,444
3,782,649
138,935
368,220
20,403
92,267
65.787
262,753
29,465
68.054
33,632
146,299
301,185
949,140
693,139
2,102,871
94.724
223,738
53,747
151,810
1,630,168
4,802,166
1,862,637
14,743,260
7,986,476
760,489
4,871.902
2,324,913
def.582
9,199
10,699
19.054
29,704
65,232
390,001
155,673
22,592
239,157
125,110
737.302
4,387,878
2.400.782
13 3,366
764,310
483,798
3,311.329
1,664.444
20,216
614.302
17.363
182,545
06,979
----- Gross Earnings.---- * ------Net Earnings.---- s
1898.
1897.
1898.
1897.
Roads.
$
$
$
$
W.Va. Cent. A Pittsb.Ocfc,
90,492
94,204
29,121
28.586
Jan. 1 to Oot. 31. ...
964.3 11
943.629
397,528
274,923
July l to Oot. 31......
338.443
389,572
115,987
110,433
W .V irgin ia* Pitts.b3ept.
39,030
19,242
38,208
20.945
Jan. 1 to Sept. 3 0 ....
287,315
293,572
116,696
134.812
July 1 to Sept. 3 0 ....
105,082
108,220
48,642
54.833
West.N. Y. * Penn, b .. Oot.
298,939
341,750
104,869
140,598
Jan. 1 to Oot. 31 .... 2,544,950 2,543,868
712,313
80S,968
July 1 to Oot. 31...... 1,145,835 1,260,230
346,905
524,340
Wheeling A L. E.b..Sept.
134,602
47,666
WrlsUtsv. A Tenn...Sept.
8,331
9,354
3.808
4,757
•fan. 1 to Sept. 30 ...
61,872
61,143
15,087
18,207
July 1 to Sept. 3 9 ....
22,209
20,799
6.629
8,308
York Southern.b___Oct.
7.660
7,964
3,073
3,811
Jan. 1 to Oct. 31.
61,292
58,316
21,313
20.662
July 1 to Oct. 31......
26,007
27,259
8,674
11,443
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes,
c Deducting other expenditures tor repairs, replacements and general
expenses, net income applicable to Interest on bonds in October wa*
$171,574, against $102,573 last year, and for Jaauary 1 to Oct. 31
$1,046,680, against $1,184,810. This is the result in Mexican dollars
treated (according to the company’ s method o f keeping its aooounts)
as equivalent to 80 cents in United States money—that is, depreci
ation beyond 20 per oent has aireadv been allowed for.
d After July 1, 1897, expenses inolude taxes,
f Thirty per cent of gross earnings.
g A fter allowing for other income received, total net for Ootober,
1898, was $75,640. against $75,815, and from July 1 to October 31,
1898, was $189,343, against $> 91,833.
li Includes results on De9 Moines <fc Kansas C ity for a ll periods,
i Includes besides the entire Pacitio System and the Atlantic proper
ties. the Houston A Texas Central, Austin A Northwestern, Central
Texas A N •rthwestern and Ft. Worth A N ew Orleaus.
m Figures for 189/inolude results on Kansas City and Independ
ence Air Line, but those for 1898 do not.
* Figures beginning witti July. Is97, iaclude A t T. A 8 Fe, Gulf Col.
A Santa Fe, Santa Fe Pacific (old Atlantic A Pacific) and So. California
Ry., but not Sonora Ry. and N. M. A Arizona, which previous to July
had been iuoluded.
♦ For Oct.. 1898, taxes and rentals.amounted to $138,536, against
$142,979, and from July 1 to Oct. 31, $56^,133, against $565,600,
after deduoting which net for Oct.. 1898, was $ l,377,029, against
$1,145,148. From iulv 1 to Oot. 31, 1898. net after deducting taxes
ana rentals, is $2,964,849. against $3,173,746.
; Includes Chesapeake Ohio a South western from July 1, 1397. Ohio
Valley from \ugust 1. 1897. and Chicago <fc Texas fr un October 1,
1897, but does not include the Yazoo Branch after July 1,1898.
»1 Including income from ferries. Ao.
Miscellaneous Companies.
-----Gross Earnings.---- ^/---- Net Earnings.---- *
1898.
1897.
1898.
1897.
$
$
*
$
........ 33.601
Buffalo City G a s ....N o v ..................
___ _
62.610
_______
Oot. 1 to Nov. 3 0 ................... .
olumbus Gas C o ....O o t..................
Jan. 1 to Oot. 31........................
July 1 to Oot. 31. .....................
...........
_______
...........
12,310
91,952
50,956
12,306
98,030
53,120
Commonwealth Elec. Co.
(Chicago) .............Oot..................
Apr. I to O ot 3 1 ........................
Consol. Gas C o .N .J .N o v ..................
Jan. 1 to Nov. 3 0 .....................
...........
. .. . ...
...........
_______
9,931
60,919
2,380
50.401
2,676
45.612
Detroit City G a s Mar. 1 to Oot. 3 1 ......................
...........
160,654
121,412
Edison El. 111. C o . B ’klyn b —
Jan. 1 to Aug. 3 1 ....
586,820
553,391
256,797
244,390
GFd Rap. Gas-L.Co.. Nov.
Jan. 1 to Nov. 30......................
214,581
1,958,335
...........
...........
100,803
1,009,183
15,402
123,239
91,399
857,254
14,668
114,486
Jackson Gas-L. Co..Nov.
........
ian. 1 to Nov. 3 0 ........... . . . . . .
Mar. 1 to Nov.30............. . . . . . .
Kansas City Gas......Oot...................
May 1 to Oot. 3 1 ......................
LaoledeGas-L. C o ...N o v ............... .
Jan. 1 to Nov. 3 0 .....................
Madison Gas A Elec..Oct..................
Jan. 1 to Oct. 31........................
Apr. 1 to Oot. 31........................
...........
...........
...........
...........
...........
...........
...........
...........
...........
...........
2,830
23,410
18,784
29,273
128,460
96,698
833,402
4.609
36,679
23,383
2,484
20,340
16.197
Mexican Telephone..Got.
Jan. 1 to Oct. 31.......
Mar. 1 to Oct. 31......
10,323
105,567
84,695
4,943
43,052
35,122
Edison E1.I1.CO..N. Y..Oot.
253.898
Jan. 1 to Oot. 31...... 2, 424,661
11,496
113,658
91,633
95,999
759.748
5,081
41,236
26,774
3,071
37,359
31,145
59,007
674,594
715,341
349,002
92,707
Pacific Coast Co.a....Oot.
483,923
Jan. 1 to Oot. 3 l . . .. 4,496,173 3,251,598 1,038.031 Dec. 1 to Oot. 31...... 4,846,029 3,508,544 1,111,482
293,553 *175.472
*46,655
Pacific M ail......... ..Oot.
357,326
673,507
Jan. 1 to Oot. 31...... 3,761,234 3,514,326 1,114,357
*378,619
May 1 to Oot. 31...... 2,302,725 1,974,985 *918,633
...........
7.017
5,370
8t. Joseph Gas L. Co.Oot..................
..........
49,9ul
38,074
Jan. 1 to Oct. 31........................
...........
20,316
16,811
July 1 to Oot. 3 1 ......................
27.259
...........
28,590
8t. Paul Gas-Lt Co..Nov..................
...........
245.4L4
223,509
Jan. L to Nov. 3 0 .................. .
_______
79.053
51,500
Tenn. Coal I. A RR. N o v..................
_______
718,375
521,190
Jan. 1 to Nov. 30........................
Western Gas Co.—
...........
50,264
49,613
Milw’ keeGas-L.Uo..Oofc.
.........
...........
385,051
380,371
•Tan. 1 to Out. 3 1 .....
...... .
...........
4,276
Va.El^c (Nort’lk.Va.)Oct.
8,591
' A fier deduoting “ reserve fund for repairs of steamers” balance in
October, 189<, was $ 1 1 6 ,3 5 7 , against $34,155, and from May 1 to O ct
ober 31 $743,‘^43. against $303,019. The reserve fund for depreci
ation and general and extraordinary repairs of steamers has been
increased to the standard of the English companies, i, e„ five per oent
upon the value of the steamers.
Interest Charges and Surplus.—The following roads, in
iddition to their gross and net earnings given in the for?<oing, also report charges for interest, &o., with the surplus
or deficit above or below those oharges
THE
1258
AM * » B . A <j<*Ja*j..Oai»
*70,000
OW*. t M
H i......O fl.
S a il t so Get. 31. — .
d u e. R !»i. A t*«v ...Oet.
126,772
508.784
3^M 52
Jnif i to (Vs-St . - 3,510.000
j u t « to >•! at. ...
Oboe. O U t A H alf..D el.
s.»i. i to o « t . a t . . . . .
Ctor.CSa.Cfc. * *«. t- o p t
ja u i t o o * t a t ...,,
fw w to A K »»tom .Oot.
QeMMtltwwtiltfc Etootrto
l jfcttHOOi - - - - ...-.O P t.
Apr, t to Wet- 3 1 . . .
Baevor A Bio G FdA.O ot.
J .iij t so Opt. 31 ...
Dos. oA.tU p.S W w t. Oct.
j* o . t to O c i a t . . . ..
FU b ! S P ot* Worn.. .Oot.
J »a . I to Oet.31 ...
Gulf A Skip. )*L RK-—
July t SOS ep t 30 —
BAMWfc* A M’.vfc... .Oct.
July 1 to Oes. 31----C m . e. F t » s m . .oct.
Jaly l to Oct 3 t . . . . .
K ae O. Mena, s Bit. Oct.
Jeiy 1 to Oct. 3 1 .....
KMu. City <io»—
Way t to Oct. 31......
l u u i C. Sob. Belt.July
Lxvn.
Latest Grost Earnings.
Jan. l to Latest Dost.
Hit Xornu
Gaoss
1397
1898,
1897.
E abvuhos .
Weak
o
r
Ho
1898.
1897.
1898.
1897.
*
•
*
870,429 1,360,119 1.161,171
$
*
3,481.716 3,090.053 3,3 »7,610 Kingston C ity K y ...... October...
5,118
4.446
59,402
45,587
•99.213 •1H,690 Lehigh True don — . November.
8.480
125,811
7,917
83,154
90,945
•110,857 Lim a RaPwav (Ohio) Oetober...
505,661 •266,225
3,720
2,8 40
3 3,147
30,719
9.319
7,125
•199,971 London St. By.(C»n,) October...
342,500 •620,177
2.397,600 ■2,171,895 ■1,896,608 Lowell Law. A l l a v , . Septemb’ r. 14.527 45.0 71 35 V,426 340,107
L,655,442 1,493,773
21,321
18,210 Metrop.lKausas City) M wk Oot. 37.129 36.093
34,678
79.528 1,006,^49
16,001 d6l.56.o39 Metro. W. 81de (Ohio.) October... 119,851
344.790
133.620
116,293 1.2 >3,124 1,136*898
Montreal Bcreet Ky. October...
52,69)
64,136
19.000
4,848 4,610
5i,005
48.902
Mueoatlne 8t. Ky...... November.
161,355 Nassau Eleo. (B'klyai November. I45,6i9 138.527 2,000,554 1,762,981
353,519
228,000
5.878
5,713
37.660 Newburg St. B y....... November.
79,715
71,064
111,985
337,517
3,443
3,628
49,530
151,307 New Loudon 8 b Ry.. October...
47,012
511,172
903,075
4,691 Sow OrleansTraotlou Oetober... 99,519 83,889 1,098.013 1,040,285
899
36,801
2,518 Norfolk 8t. Ky.......... October... 15,210 12,882 148,273 124,030
df.5,232
147,207
North Ohio. Bt. By ... November. 236,0 (7 231,261 2,674,732 2,573,569
North Shore Traction Ootuber... 121,016 122,284 L,277,810 1,236,301
971
1,895
1,658
17,096
10,457
Dgdenoburg St. By... Oetober...
1,125
Paterson R y ............ November. 20,489 23,830 343,500 317,365
October... 13,573 12,115 124,007 112,995
•181.839 •110,635 Richmond Traction
205,724
9,527
6,673
94,526
74,914
816,056 •483.670 •101,611 Roxb’h Ch.H, A Nor’ n iOotober...
5,251
5,185
54,229
50,490
21,101 iohuylkill Val. Trac. October...
10.032
21,528
3,052
Oetober...
3,526
29,534
Scran
ton
A
Oarbond'e
69,205
115,119
159,786
5,801
6.123
51,503
Scranton A Plttston October...
32,222 Soranton Railway___ November. 32,139 33,284 340,42 • 329,492
33,070
53,929
67,152 Syracuse Rap. Tr. By. November. 39,081 38.765 414,601 393,146
108.008
533,531
Toledo Traction....... O ctober... 80,774 73.00
T ironto By ...
. .. . November. 100,201 89.447
8.399
Twin City Rap. Tran. October... 186,860 169.3^1 1,783,305 1,650,704
7.174
6,977
11,496
12,026 Union (d . Bedford).. November. 11,300 16,238 180 024 204,118
19,315
United Tract. (Pitts.) O etober... 152,832 1)54,245 1,289,481
50.161 United Tract, (P r o v j Ootobor. . 153,245 144,4 27 1,481.417 1,440,517
30,261
113,580
123,055 Ualt. Trao. (Reading) November. 13,886 12,833 186,993 179,851
50,012
459,570
11.390 Wakefield A Stone.... November.
3,60 ■ 3,93'
52,044
17,925
16,549
51,030
6,227 V aterbnry Traotlon.. November. 21,319 22,442 254,93 r> 234,341
05,490
8,237
Vest Ohtoago St. Ry. W kD eo.ll. 75,017 72,862
Wheeling R ailw ay... Ootober... 17,902 15,159 155*888 137,930
31,710
Vilkesb. A Wy. Valley August-—. 16.15 r 43,409 325,429
315,604
808
16,154 det.2,281
■ Inoludes Baltimore Traotlon and City A Suburban fo r both years.
77,607
83,576
60.508
551,165
583,951
600,770
Street Railway Net Earnings.—In the following we show
•31,931
100,193
•16,17)
108,242
■514,681 '458.877 both the gross and the net earnings to latest dates of all Street
railways
from which we have been able to procure monthly
•19,121
111,713
•6,998
•617,027
151,627
'536.099 returns. As in the case of the steam roads, the returns of the
461,631
285,511
374,565 different roads are published by us each week as soon as re
600,561
1,112,177
610,251 ceived, and once a month (on the third or the fourth Satur
30,539
23,620 day of the month) we bring all the roads reporting together,
130,567
611,301
364,621
203,983
34,795
346.103
21,350
239.250
237,330
961.587
36.801
147,207
8,960
50,794
201,172
825,916
17,286
104,315
53.826
536,494
17,705
11,232
43,029
1)3,879
404,671
16,507
65.052
93,750
17,912
65,517
811.600
99.931
399,317
110,601
114,822
285,888
1,112,391
131,985
651,808
t . Erie A W o t'a ---- Oot.
ism. t to OcL 3 1 .....
l o s s Itlaad K R ..... Oot.
Jaly 1 to Oct- 31......
h o s t I aland RR.8y* Oct.
Jot/ 1 to Oot. 31......
Wu.Kats.NM S I'o lM . Oct
Jolt 1 to Oct. a t . . . . .
. C fc*L A 8 t,L .N o v.
Jeiy 1 t » N o t . 30. ___
Philadelphia A RcartIncS i) companies ...O ot.
758,000
766.057
106.865
601,613
906,113 1,130,805
Jttly 1 to Oet-31. .. 3,032.000 3,061,229
327,125
313,391
C.C. A1U. L .O ct..
311,581
90,019
Jan. 1 to Oct, 31 ___ 2,807,510 2,623,186 1,003,351 1,159,164
7,708
3,777
Bio G**nde Janet ,.8 «p t
7,708
5,491
77.083
77,033
17,365
D m , 1 to Sept. 30 ...
6,078
17,921
B o Grande Boalhn Oot.
11,110
•1,453
2,156
71,694
July l to G e t 3 1 .,...
50,560
6,203 def.9,894
19,001
18,908
t e a Fran. A. Ho. Pass.. O ot
26,987
25,949
75,632
76,016
92,121
Jaiy 1 to O c t 31......
88,373
17,170
31.571
17,777
Case. Coal L A BR.Nov
3,723
522,269
/as. 1 to N o t. S o.....
535,517
196.106 def.1,357
39,223
*20.571
38,132
ToitAo A O. C ent.. . .Oot.
•27,141
160,043
*12,809
151,002
July 1 to O c t 31---- *5.826
T a t Peoria A W re t.N o v .
22,108
22,373 def.3,010
219
112,079
Jetty 1 to Nor. 3 J__ _
111,861
12,160
13,246
23,000
W ms .V*. C lS P itU b ..O ct
22,399
6,121
6,187
92.301
88,308
July 1 to O e t 31___ _
23,696
22,117
* A lte r allowing for other Income received.
STREET R A ILW A YS AND TRACTION COMPANIES.
The following table shows the firross earnings tor th e latest
of *11 s t r e e t railways from which we are able t o ob
tain w>v-kly or monthly returns. The arrangement of the
tabic 1* the same as that for the steam roads—that is, the
h r : two columns of figures give the gross earnings for the
latiwt week or month, and the last two coinrnui the earnings
f o r the calendar year from January 1 to and including such
ialjwt week or month.
p eriod
BTBEKr RAILWAYS AND TRACTION COMPANIES,
<1*0**
BlJUUPO*.
[V ol .
I.W., KenUiU, Ms. —.
lfi98.
ij>(. 1 t®0vt. 31.....
CWo. A W. Mice ...... on.
C H R O N IC L E .
Grot* Earning*,
Wt#k err Ma
j
A I M IbVIfM A Cinv. Norwotwir,
Albany H allw ay...... NnvMObor.
awaurdan. at. H f.
Atlanta Railway ...
Bat(inure Own, By ,*.. NmrntnlHpr.
t e r O lk a Votimol... O ctober. ,.
Bint bam om 8 1 B y .. October...
B rtd r»f«T t T ! action, Nor ember.
S n tliciiO w n . at. By rV>pU>!t}b*f.
Brooklyn Elevated. November.
BPkljG Bap. Tv. Co.
Brooklyn Hcigata » November.
BTBPfc'i’ W ASoh, 1
n utltulmn CWy lty KcttUibor.
Nor ©sober.
A t e A Miami V al..
Jan. 1 toLatest Tinu.
1898.
1897.
1898.
1897.
«
7.Q97
58,978
4,*0:i
8.346
1-8,023
7,u57
12,596
24,518
32.030
174,811
*
$
S
440.501
12,874
0,97 1
8,470
October ..
1,755
Kleetrie.. f Nitobcr.,. tr>o 9 7 i
Nor TftuiMTT.
H2 0 0
tta va Palnar. A 8 ,
Oclsnitwu St B y (O Noremb©.r. 56.3 iO
C oa aol T r a il. (P itt* NoVfilUtXJV 10 0 ,**00
D e sv tr f nr, Tveoiw October, . 74.528
D t n v il O U 'ii* ' St. By I rrk* Nor. 70,041
D etroit BUr. Hy..... October. .. 34.** 00
OnlttlA I t i t y ,....,, Ofi?e?w*r,,. 10.389
Rria Mm , Motor..... ftatoUer... 11,076
9\ Wmnm A Dell
isiaAfi (D etroit) ... October,.. 16,261
ila?r'Abate Tr-rtm r Nor ember.
tt»r»i:t
Slobawlt I
Ian o rkfort KL It] November, 3,382
B n d a e Klee, 81. H r October... 17,713
In tacta*. con
November. 10,859
6 ,8 S3
89,606
94,335
51,206 581,611 51 ,867
4.3»>7
10,319
36.581
8,568'
75,0181
67,052
179.85?! 2,171,523 2,132 16i
0,590
71,292!
07,811
11.87/ las.ovc! 125,395
25,70
324,4971 293.815
3 4,391 259,718 2 6,121
150,015 1,547,591'1,,533,861
417,818.‘.5,193,799 1,370,496
1/2.959 158,169
.........
5,442
5,493
52,no! 40,531
2,194
19,657
142,191 1,115.853 1.
7.319
97.610 30,396
49.V07 625,3U| 551,311
19,590
316,710
73.874
03,035
31,723
15.785
10.061
16,106
1 8,883
3>320
14,109
10,182
825.6581 60i*335
1,057,017i
326,71c!
170.600!
120.8931
8,847
37,2341
164,3201
975,294
326.501
159,001
117.502
111.331
208,110
36,117
154,115
as is done to-day.
-Gross Earnings.1898.
1897.
Roads.
-•6
s
4fcron Bed. <fc Olev. Nov.
7,097
6,883
Jan. 1 to Nov. 30 ...
89,008
94,335
4,307
A.materdam 8t. Ry..8ept.
4,563
40,319
Jan. 1 to Sept. 30___
36,584
Atlanta Railw ay..-Sept.
8,346
8,508
Jan. 1 to Sapt. 30 --.
75,048
67,652
Bay CitiesCon.8t.Ry.Oot.
7,057
6,590
71,292
Jan. 1 to Oot. 31____
67.811
Binghamton 8t Ry.Oofc..
12,596
11,872
Jan. 1 to Oot. 31......
135,070
125,395
Bridgeport Traot’n. .Nov.
24,518
25,765
Jan. 1 to Nov. 3 0 ....
324,497
2)3,815
July 1 to Nov. 30 ...
162.4L0
145,874
Brookton Oon.8t.Ry.Sept.
32,030
34,394
Jan. 1 to Sept, 30___
256,421
259,718
Brooklyn Rapid T ...O o t.
521,796
459,455
July 1 to Oct. 3 1..... 2,221,377 1,920,920
Charleston City R y.N ov.
12,874
12,959
Jan. 1 to Nov. 30___
158,469
July 1 to N ov. 30___
70,803
74.315
Oln. A Miami V .T r.b July
13,461
10,552
0it.8t. Ry. Mua.(ind.)Sept.
5,470
5,493
Jan. 1 to Sept. 3 0 ....
46,531
52,410
1,755
City Eleo.(Rome,Oa)Oot.,
2,124
Jan. 1 to Oct, 31......
19,590
19,657
Cleveland Electric Oot...
150,971
142.491
Jan. 1 to Oot. 31____ 1.415,858 1,346,710
Jlev. PalneRV. A E .N ov.
8,268
7,319
Jan. 1 to Nov. 30......
97,649
80,396
Jolurabus (O.ISLRy.Nov.
56.330
49,087
Jan. 1 to Nov. 30......
625,312
554,341
Dayton A West, Trao J uly
6,364
....
Oenver Gon.Tramw. O e t .
19,436
18,134
Jan. 1 to Oot. 31. ..
189,834
184,201
Detroit Cit'B’ 8t. Ry. .Oot,
106,515
95.001
Jan. 1 to Oot. 31......
986,976
912,259
34,800
ietrolt Electric Rv..0cfc.
31,723
Jan. 1 to Oct. 3 1 ..—
326.7 L6
326,584
Duluth Street Ry ..Sept.
19.327
16,852
Jan. I to Sent. 30 ...
156,384
144.032
July 1 to 8ept. 3 0 ....
59,857
53,539
Ft.W .A H .t.Ky (Det.)Oot.
16,261
16,106
Jan. i to Oot- 31.___
152,258
144,331
Harrisburg Traot'n.N ov.
25,836
18,883
Jan. 1 to Nov. 3 0 ....
278.817
208,410
July 1 to Nov. 3 0 ,...
100,074
106,166
Herkimer Mohawk Ilion
Frank. Eleo. Ry. Nov.
3,382
3,320
Jan. 1 to Nov. 30 ...
37,234
36,117
Inter-St. Oon.St.Ry.Nov.
10,859
10,182
Lehigh Traction......Nov.
7,9 47
8,480
Jan. 1 to Nov. 30 ...
83.151
99,945
July 1 to Nov. 30 . ..
43,62 L
51,009
Lim a Bv. (O hio)...... Oot
3,720
2,830
Jan. 1 to Oct. 31. ...
35,147
30,719
London 8t,Ry.(Uan.) .Got.
9,319
7,125
Lowell Law r’o eA H.Septa
14,527
45,071
J an. t to Sept. 3 0 ....
355,426
340,107
Metro'ti 8t.Ry.,K. C.Sept.
100,211
161,02 3
Jan, 1 to Sept 3 0 .... 1,513,418 1,357,187
June 1 to Sept. 30 —.
735.087
665,233
Metr.W.8ideEl.,Ohio..Oefc, 119,351
79,523
Jan. I to Oot. 31----- 1,006,449
Nov, 1 to Oot. 31...... 1,210,086
-N ef E a rn in gs .1898
1897.
$
S
2,092
617
29,133
24,551
1,510
1,230
11,183
9,005
2,795
2,155
22,407
16,978
2,427
1,994
23,226
21,028
6,461
4,269
59,613
51,501
7,663
12,197
127,976
148,520
73,577
76,508
def.2,076
15,954
67,833
74.872
163,270
212,156
720,941
886,709
5,801
5,431
57,325
33,449
31,880
___ ___
7,214
2,470
2,957
26,613
23,000
158
578
5,045
2,829
52,732
57,827
552,535
472,765
2,421
2,788
38,214
44,178
25,603
29,368
320.20L
290,349
3.790
10,892
11,687
55,753
47,848
51,7^5
44,856
441,452
483,310
11,5 *1
10,563
106,529
103,409
9,796
8 007
75,100
64,801
30,484
28,083
6,621
6.701
61,430
54,921
8,246
14,5 U
155.726
89,320
47,520
96,585
1,710
17,923
784
3,086
35.839
21,170
1.561
13,513
4,258
20.277
140,019
83,589
677,731
336.274
61166
393,516
480,922
1,546
16,264
1,038
3,480
45,344
28,284
870
11,397
2,901
19,930
135,798
73,913
597,772
301,238
36,719
D ecem ber 17, 1898.]
THE
C H R O N IC L E .
1259
-----Gross Earnings.---- *,-----Net Earnings.---Baltimore & Ohio Southwestern Railway.
18*8.
1897.
1898.
1897.
$
$
$
Roads.
$
( R e p o r t f o r the y e a r e n d in g J u n e 30, 1 8 9 8 .)
4,619
1,616
954
Muscatine El. R y ...N o v.
4,843
48,902
17,631
Jan. 1 to Nov. 3 0 ....
52,005
The remarks of Vice-President W . W . Peabody from the an
23.400
9,844
" *7*117 nual report, together with the balance sheet, are given at
July l to Nov. 3 0 ....
24,902
2,353
5,713
1,955 length on pages 1265 and 1266.
Newburg E lectric.. .Nov.
5.878
77,064
37,947
33,495
Jan. 1 to Nov. 3 0 ....
79,715
The results fo r the years ending June 30 were as b elo w :
42,982
25,140
21,391
July 1 to Nov. 30 . ..
44.704
943
621
3,443
New London St. Ry..Oot.
3.628
OPERATIONS f o r YEAR ENDING JUNE 30.
47,012
19,574
17,033
Jan. 1 to Oct. 31......
49,530
1897-9°.
1996-97.
1895-96
1894-95.
83,889
41.518
22,101
New Orleans Tract..Oct.
99,519
oper. June 30
922
922
922
9 k2
413,956
318,512 Miles
Jan. 1 to Oct. 3L...... 1,098,013 1,040,285
Passengers carried. 2,139,4-^7 2,164.904
2,583,312
2,450,453
Norfolk Street Ry.—
Passen. car’d 1 m ... 89,709,178 79,367,827 97,892,290 84,335,155
124,030
77.024
59,976 Rate per pass. p. m
Jan. 1 to Oct. 31......
148,273
1*7 8 cts.
1*88 ots.
176 ots.
1*95 cts.
4,254,123 3,515,360
3,900,641
3,67e,03 6
122,284
53,996
50,395 Tons moved............
North81ioreTract.. .Oct.
12 4,046
~~~ *”
622,274,676 589,682,872 518,448,274
557,825
542,730
Jan. 1 to oct. 31...... 1,277,810 1,236,301
0*63
0*55 ots.
0*784
0*6**3
28,830
12,430
11,156 Rate per ton p. mile
Paterson R ailw ay...N ov.
29,439
•t>
$
$
9
317,365
151,197
139,193 F rEarnings—
Jan. 1 to Nov. 30 ...
343,500
e ig h t................... 4,581,605
3,916,386
4,064.194
4,029,326
Richmond Ry. <fc Elec. Co.—
Passenger...............
1,495,408
1,698,379
1,724,903
1,645,076
306,371
134,912 * 120,629 M ail.........................
Jan. 1 to Sept. 3o ...
309,512
422,478
422,478
335,280
405.137
179,000
179,000
179,000
179,000
3,042 E x p ress..................
12,115
6,216
Richmond Trao........Oct.
13,573
8,619
Telegraph...............
8,769
10,454
10,167
112,995
Jan. 1 to Oct. 3 1.....
124.007
117,958
114,235
Miscellaneous.........
89,032
109,861
6,673
4,436
2,653
Roxb’ghCh H ill& N Oct.
9,527
74,914
38,842
29,709
Jan. 1 to Oot. 31......
94,526
Total earnings.. 6,904,317
6,140,000
6,458,395
6,323,036
5,185
1.285
SchuyL Val. Trao__ Oct.
5,251
Oper. Expenses—
50,490
10,223
Jan. 1 to Oot. 31. ..
54,229
General expenses..
680,528
653,954
614,656
623,717
817,207
• 634,057
654,247
630,389
3,526
Scranton <fc Carbon Nov.
3,052
841 Maint.ofway&struc.
1,439
619,631
Main, of equipment.
531,407
513,201
429,767
29,534
Jan. 1 to Oct. 31......
13,563
2,476,221
2,437,887
2,333,232
14,877
6,204
July 1 to Oct. 31. . ..
12,854
6,208 Conduct, transport’ n 2,709,440
Scranton <fe Pittston.Oct.
5,604
1,215
1,658
6,123
Total expenses. 4,916.306
4,257.304
4,288,325
4.017,105
14,932
Jan. 1 to Oct. 31......
51,503
(69*34)
( 121)
(66*40
(63-53)
July 1 to Oct. 31......
23,344
9,494 P. o. of exp.io earns
7,152
24,991
1,987,51 l
1,882,696
2,170.070
N et earnings..........
2,305,931
33,284
15,966
18,631 Other in c o m e .......
Scranton R ailw ay...Nov.
32,139
2,250
2,250
2,250
2,250
Jan. 1 to Nov. 3 0 ....
346,423
329,492
172,306
165,286 Interest balance...
7,348
...........
July 1 to Nov. 30 ...
167,414
88,518
166,645
86,747
Total in com e... 1,939,761
1,884.946
2,179,669
2,308,181
73,000
39,214
31,595
Toledo Traction .b ...O ot.
80,774
July 1 to Oct. 31......
339,668
316,866
162,713
136,347 Deduct interest on
bonded
d
eb
t.......
1,691,112
1,791,937
1,780,648
1,761,486
169,321
100,372
Twin City Rapid T r..O ct.
186,860
89,427
B. A O. S. W.
Jan. 1 10 Oot. 30...... 1,783,305 1,650,704
940,301
824,590 Rental
Terminal Co. ......
60,000
60,000
60,000
60,000
UnitedTrac. (Pitts.).Oot.
152,832
89,041
69,951 Taxes & assessm’ts.
124,245
293,993
294,259
. 275,131
270,246
700,355
Jan. 1 to Oot. 3 1 ..... 1,289,481
M iscellaneous.......
44,225
8,096
4,393
July 1 to Oot. 31......
560,365
495,813
319,003
277,157
Total deductions 2,089,335
2,154,292
2,115,779
2,0J6,125
iFaterbury Trac. Co.Nov.
2 4,319
22,442
10,123
9.854
234,341
100.557 B a lan ce.................. def.99,574 def.269,346 sur.63,889 sur.212,056
Jan. 1 to Nov. 30 ...
254.936
111,711
19,749
Oot. 1 to Nov. 30 ...
48.154
44,851
20,039
GENERAL BALANCE SHEET JUNE 30.
Wilkesb. & W y.V.Tr.Aug.
46,151
43,409
25,144
27,178
Jan. 1 to Aug. 31 . ..
325,429
315,604
171,736
180,961
1896.
1898.
1897.
Assets—
$
$
$
o n e t earnings here given are before deducting taxes.
Cost o f road, etc............................... 77,864,002 77,694,181 77,650,483
1,036,960
925,9 o l
Interest Charges and Surplus.—The follow ing S t r e e t Construction...............
726,797
railways, in addition to their gross and net earnings given in Equipment owned............................ 2,441,834 2,490,018 2,110,100
le a s e d ................
403,197
403,197
512,200
the foregoing, also report charges for interest, &c., with the Equipment
Heouritles of other companies..........
949,775
949,775
799,775
Burplus or deficit above or below those charges
Income bonds iu treasury................
361,000
361,000
361.000
Real estate........................................
15,705
15,705
15,705
— Int., rentals, etc.----- *~Bal. of Net Eam's.
Cash on h a n d ....................................
84,209
266,343
94,345
1897.
1898.
1897.
1898
843,742
Cash
with
agents
.....................
651,115
661,579
Roads
$
*
$
9
125,198
165,166
151,075
1,545
905 Uuited States Government. ...........
1,250
itla n ta R a ilw a y __ Sept.
1,250
63.338
120,539
48,089
11,250
5,728 Due from other roads........................
11,157
Jan. 1 to Sept. 3 0 ....
14,250
313,924
271,246
268,898
131,133
39,466 *def.3,545 Due from individuals and companies.
Brooklyn Rap. Tr. ..Oct.
172,690
Agents’
current
balances.................
194,093
181,950
161,861
‘ 57.644
*429,859
July 1 to Oot. 31 ...
696,283
721,039
300
300
60,300
29,821 Bills receivab le.................................
73,874
30,328
Denver Con.Tramw..Oct.
74,528
21,937
1^,437
19,917
239,954 Advances to freight lines, etc...........
237,680
Jan. 1 to Oot. 31......
625,658
601,335
Miscellaneous....................................
131,384
113,925
34.755
Norfolk St. R R .Materials
and
supplies......................
3
4.564
367,
38
352,993
13,393
28,240
Jan. l to Oct. 31......
48,784
46,083
177,425
221,438
2,156 Profit and loss....................................
3,305
9,000
Paterson R ailw a y...N ov.
9,125
39,869
Jan. 1 to Nov. 30 .
99,250
99,324
51,947
Total assets.................................. 85,182,961 85,229,499 84,212,040
762
2,241
Roxb’gh Ches.Hil&N Oot.
2,L»5
1,89i
10,820
17,102
Jan. 1 to Oct. 31......
21,740
18,w89
Liabilities—
20,677
4,918 Capital stock, preferred................... 20,000,000 20,000,000 20,000,000
13,861
Toledo Traction...... Oct.
25,353
9*,040
37,307 Capital stock, common..................... 10,000,00»» 10,000,000 10,000,000
61,3*8
July 1 to Oct. 31___ _
101,385
25,276 Fuuded debt.............................
64,151
37,6)3
‘ win City Rapid XT..Oot.
62,769
51,844,690 51,843,815 51,830,665
180,382 Equipment trust certificates............
290,003
Jan. 1 to Oot 31.
650,238
644.208
121,000
191,000
50.0u0
48,240
21,705 Bills payable.....................................
36,941
United Tract.(Pitts.).O ct.
52,099
176,022
140,001)
129,615
94.365 Collateral loan...................................
182,792
111,990
July 1 to Oct. 31. ...
207,103
675,000
675,000
4,545 Equipment notes..............................
5.309
Waterburv ITaet'n..Nov.
2,775
7.348
125,288
125,288
12,928
8,431
14,557
11,310 Unpaid wages, June rolls, e tc .........
Oot 1 to Nov. 3 0 ....
6,082
2*6,192
235,538
261,957
790,846
Accrued interest on bonds...............
692,972
787,523
* A f t e r a llo w in g fo r o t h e r in c o m e received.
4,215
Accrued interest on equip, certs........................
20*,*148
Past-due coupons unpaid.................
20,990
28,887
22,491
Interest on incomes..........................
20,454
28,398
186,619
Taxes accrued but not d u e .............
183,172
175, L77
A N N U A L R E P O R T S .
784,265
Audited vouchers payable
...........
844,823
552,917
10,012
Due individuals and com panies......
13,07 1
16,451
Annual Reports.—The follow ing is an index to all annua
71,501
Due to other roads ...........................
137,736
75,424
reports of steam railroads, street railways and miscellaneous Accrued rentals, real estate.............
4,078
4,202
3,729
6.214
companies which have been published since the last editions Terminal contract..............................................
6,213
1,000
2,000
Equip, trust certs, called In or e x t ...
50,500
of 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 .
40,554
drafts for charges outstand’ g
33,120
25,249
This index does not include reports in to-day’s C h r o n i c l e . Agents
*150,000
Marietta Ry. guaranteed
........................
10,515
i R a i l r o a d A Mis. Co’s— (CJon.)
Miscellaneous....................................
49,436
R a i l r o a d a n d M ib o k l . C o ’ s
1,131 .
Volume 67—
Page. Profit and loss.....................................................
94,407
Volume 67—
Page.
New Orleans A N. E................... 950
Akron A Chic June. R R ...........11 OK
Alanama Gt. Southern...............I I -58 New York N. II. A Hartford .. . 94 •*
T o ta l............................................ 85,182,961 85,229,499 84,212,040
Alabama A Vl» ksburg Ry---9 3 0 N. Y. Susqu. A West .................897
American Cotton O il . » 05 3, 1OH 4 Norfolk A Southern .................950
* This is an offset to a similar amount o f bonds included in “ Securi
^gdensburg A Lake Champlain . .951
American Soda Fountain......... I »».Vt
9 »9 ties o f other companies” in assets.—V. 67, p. 1108.
American Tobacco «C months)... 1 0 0 1 Pacirt'- Coast
American Type Founders.............9 5 2 Phil. Read. 4 N .E ..................... 95 I
Anaconda Copper......................... 9 0 3 Pitts. Cleve. A - ol. RR............. 1107
Lehigh & Hudson River Railway.
1158
Balt, a Omo UK.....
1 05 J. 1057 Pittsburg Junction.. .
Baltimore A Ohio Southwest’n.. 1 157 Pitts. Palnesv. a Fairport RR. ..1107
Buffalo A Susquehanna.........
9 5 3 Pittsburg A Western ...............1052
f R e p o rt f o r y e a r e n d in g J u n e 30, 18 98 .)
. 951
Central OhioR R.......
— 1 i On Portland A Rumf. Falls
Pullman s Palace Car.........787. 840
Central Pacific............... 11 57 , 1 1 0 3
Earnings and expenses fo r the late fiscal year compared
Chic. Burlington & Quincy.
* 5 1 Reading Co. (19 month*). 1 ‘205. 1*21»»
Chic. Term. Transfer..S <9, 8 9 7 . 90 3 Rutland R R ............................. 9 5 1 with previous years have been reported as follows:
Cincin, N. O. A Texas Pac... 04 8, 9 5 0 St. Jo. A Grand Island................947
Cleve. Lor. & W heel.....................8 9 8 Sun Antonio A Aransas Pass — 1205
E A B N IN G S , E X P E N S E S A N D C H A R G E S .
Detroit A Mackinac .................. 1 0 0 0 Sand. Man?f. A .New ............... i 107
Elgin Jol. A East ...
9 4 7 Seaboard A Roanoke............. . 948
1897-8.
18967.
1895-6.
1894-5.
Evans. A Terre Haute..................* 9 8 So. Car. A G ».................. 899. 1106
$
$
$
$
Georgia Southern A Florida........ 9 4 8
South. Pac. C o ..............8 *9.., 844
Gross
eaminss
L.
&
H
.
R
y
..366,756
327,076
370,972
392,911
Hamriond (G. H.) Co., Limited
South. Pac. RR. of Cal lo 5 2 , 100*4
182,384
215,821
243,882
(16 m .nltu). 11 O ’
Standard Rope A Twine............. 840 Operating expenses............ 186,420
Ind. Dec. A Western..................... 8 3 9 Texas Central............................ 949
Ind. 111. A Iowa............................9 4 9 Toledo Peo. A West .................. M48
Net earnings..................180,336
144,692
155,151
149,029
International Packing.........
Iv£0<> Trow Directory Print. A Bookb. W i2 Orange Co. HR. net, etc___
2,830
5i
4,198
4,189
Iron Steamboat......
1 1 5 8 United States O i l ....................1000
Kansas City Pitts, a GuJf.999, 1005 Vicksburg Shreveport A Pacific. .95 o
T
otal................................183,166
144,745
159,349
153,218
Kansas City Suburban Belt, KH.. i 195 Welsbach Commercial......
..1158
Deduct—
Manhattan Ry
9 9 9 wvst. N.Y. a Penn............839, 853
132,304
132,163
131,326
do
bal.8heet Sent.30,’98.11>5 3
West Va. A Pitts........................ 948 Interest on bonds................. 113,583
Maritime Caual.. report date*
Western Union Telegraph.......... 839 Other interest...................... 21,007
457
7,667
........
l)tc. 6, 1808.1205 Wisconsin Central...................... 947 T a x es .................................... v,251
9,790
8,899
9,009
Mergentbaler Linotype ............ 1000
St r e e t R a i l w a y s .
Micnlgan Penln. Car...................... 95 «
New England..............
897
Volumes 67—
Page.
New. Somerset Straltsville RR. .1 1 0 0 Boston Elevated Ry................. 1107
T otal............................. 143,84}
Surplus tor j ear................. 39,325
142,551
2,194
148,729
10,620
140,335
12,883
THE
m o
lilKAl* UA4.A itcA M I W T J U S t 30.
vm ,
• y r
|
*A
~o ,+t* c *
<Jk*3
i t s i « * . . s ]9 ^ M
n
J . . ilJ is i
caUi
W.
Lvjfcu
Im A Sh1^ 4 . ..... ^
1*97.
I
I
1
Lld b4 H tit *—
3(0,000 1,94(1,000
\
OOm..
3.6I 3.3WO 3f,O*3.a?J0
I V'undtsA d^bt ...
A*sOrf>> - j
t.» fuu.lml ilt+Dt
« t , 0til
48,002
! iju? u n i wrtMMt.
7.007
4.*«*8
J3 .JSI | Du«* on nftoti tetf‘U .
40.070 4W#M4
£9T 1 OUlW »ctv)iH lU
.
40,otw
nr.,4H0
47.T0U
ie.tr> J i* f»m iu 5<i in**, « m »
A3-
E A R N IN G S
Florida Central A Peninsular UK.
f P a r th> |fear n u lm < j J u n e SO, lh ‘J 8. J
Thu lolkiwiog statement is Cor the entire system, in ndvasoe of the pamphlet report:
JUSKUftM. ISXl’KXaB* ANIl CHAItOES.
in# a
1895 0.
1894-5.
94 \
HI
941
f 1,283,984 $2*965.510 $2,272,148
.»
wjw&i
$953,872
on df-bL
$519,150
109.527
f u w . . . , . . . . . ...
cent, bond* called October, ! si>7, and not presented. $63 00i>.
During the year the funded debt waa decreased net $702,420.
P h y s ic a l C o n d itio n . —The property is in good physical con
dition and fairly equipped. The expenditures for better
ments and additions since April 11, 1893, when the property
was turned over to the company, have amounted to 8844,626,
of which $568,052 46 has btien charged to income account.
Earnings.—The earnings and balance sheets were:
j
,4 .OfeWLCW;? 4.047.40S
MM?*
ifP&M
[Vol. LXVII.
C H R O N IC L E .
1,59*- ,743
1,580,774
1,09 j ,317
8647.191
$475,736
$581,831
$491,868
95,754
$502,977
92,774
$480.2 =1
97,521
To(ai.............* $628,678
$595,751 $587,620 $577,802
..... sur-$325.194 sur.f51.440 def.$Ul,884 ear $*4,029
BUI****-*.,
A s o
EXPENSES.
1808.
1897.
453
453
Operations—
Paeseugera carried..*............
647,828
654,659
26,402,635
Passengers carried one m ile.. 26,751,550
T our carried............................
1,060,917
1,091.368
Tons carried one m ile.............182,188,234 176,390,0.9
Earnings—
$
$
633,556
Pa* sen g e r ...............................
621,400
2 , ' 2 0 , 9 19
Freight,......................
2,258,403
Miscellaneous..........................
281,727
252,067
1896*
453
Miles operated....................
686,157
28,870.821
1,060,501
166, 16,788
Ai
680,800
2,1**,092
• 64,413
Total. ...................
Expenses—
Maintenance o f way, &o.........
Maintenance o f Equipment...
3,164,530
3.206,572
3,143,305
402,636
388 055
486,781
C o n d ’ i* t r a n s p o r t a t i o n ....................
1 ,2 2 4 .9 3 9
1,124.482
238,732
476,675
288,462
1,122,384
220,019
2,174,140
1,032,432
2,107,540
1,035,765
324,145
Genera*.....................................
111,924
T o ta l..................................
N e t earnings............... ...........
2,127,554
1,036,976
IN C O M E
ACCOUNT
FO R
1 8 9 7 -9 8 .
The earnings, expenses, etc., of the F. €. <fc P. BR. proper Net earnings................$1,036,976 Taxes.............................. $69,546
2,453 Interest on bonds - ...... 777,150
sad the s nth Bound BR. separately for year ending June 30, Other receipts....... .
Betterments and add’s.. 108,656
IW i, were:
M iscellaneous...............
37,850
No. Bound
Eli.
142 miles.
$402,143
313,412
88. 31
120,566
flu . Cent. J
/* a n . no.
79 h mile*.
O ft** c'jtm log#,...., ..................$2,299,022
r>|y>nii!nc exp<?ji*p* .................. 1,433,880
5«4 MfClll*|» . . . . . . . ..................
805,142
llileTM t and t&SM.. ....... ..........
508,111
Ssrplsi* or deficit1..... ........ »ur.$357,030
—V. «7» i*, 1109.
Total.
941 miles.
$.',‘ 01,165
1,747,292
953,873
628.678
def.$31,835 sur.$325,195
Georgia Railroad.
(R e p o rt f o r the year ending June SO, 1898. J
P'irnirKj,,—Tne results o f opirating the 307 miles of the
stem are given below for the year Jane 30, 1898 :
Ol'SSLATtOSB VS I) riS C A I. KKSOT.TS.
17-08.
18»8-07.
322,7*6
820,986
11.49 t,757 11.817,218
2 62 cl*.
2 G1 cts.
!'30,B2g
873.333
......................................
Ssie ( « r too per mile
1 0 8 ew.
1‘ 19 clis.
ir f—
..,J
ns«■.
*2
is.Usrm
i n$M
$
F aaimsospot.. . . . . . ___
380,012
1,139,416
i M l f a t ...... ............
1,167,6-42
386,225
MjUI* cspfvM , e tc .....
68,492
65,017
r in ■ nr m i I II If Kilt
!* » . » <~arr 1 am , ..
B »tep»rp*aAp.m lle.
T .w . ■rH «u trw rir4
1895-96.
410,406
17,231.069
2-48 cts793,136
-0,0 . 100
1-18 ots.
or
$
426,957
9^3,921
68,914
1894-95.
321,897
13,357,240
2-63 ots.
707,048
S2,7:,5,(is.i
1-16 eta.
$
351,263
888,779
87,395
T o ta l......................... $1,039,429
Total..
Surplus fo r year ................................................................
CONDENSED
Assets—
BALANCE
1898.
1897.
*
$
I
SH EET
JU N E
$ 93*202
$46,229
30.
1898.
Liabilities—
1897.
J
e
Road A equip.......28,310,316 28,286,625 |Stock .................. 10,000,000 10,000,000
H 4,965 a^
Bonds
Securities owned..
26,825
15,412,000 1 6 ,2 0 4 ,4 2 0
271,0X5 Loans & hills p t;
Materials and sup.
2^5,865
1,000
Bills receivable ...
54,406
54,153 I Vouch. & pay rolls. 281,778
S IS ,? 23
Open needs, etc . 258,635
222,313 I Aecr'd int.io Julyl 283,770
2 9 8 ,8 1 5
47,210
414,319 Open acc’ ts, etc,...
Southern Pae. Co...............
5 2 ,6 4 7
259.0811
Cush..... .
123,207
234,677 JProprietary Cos...
2 7 3 .9 6 1
48,017
Miscellaneous ....
3 9 ,9 4 4
Balance, surplus.. 2,673,224 2 ,4 1 3 , 6 0 0
Total..... .......29,033,081 29,028,070 |
T o ta l..............29.038,081 29,028,070
—V. 07, p.900.
North Shore Traction Company.
( R e p o r t f o r th e fisca l y e a r e n i i n g S e p t . 30, 1 8 9 8.J
President Cassius M, W ickers says in p a r t:
THe gross earninKS ot the Lynn & Boston property owned by the
company show an Increase o f $58,37. o ver the previous year; and
the total not Income shows an increase of $*21,212.
The park opened at the Revere Reservation by the Massachusetts
State Park Commission lias contributed considerably to the earnings,
and, it Is expected, it will attract an increasing number o f people.
The Lynn & Boston RR. Co., during the year, expended for extens
ions. Improvements, new equipment, additional power plant, etc., a
total of $260,955. Of the amount so expended, together with the
reconstruction suspense account of the previous year, amounting t,o
$93,663, there has been charged to cost o f additions to railway, equip
ment, laud and buildings aceounts the sum ot $236,908; to Income
account the sum of $61,806. The re maiuder, amounting to $55,809,
representing work now In progress, has been carried forw ard in the
account, to be distributed to the proper acoouuts dinin g the pres
ent fiscal year.
Total -.
Efpen***—
o f « » v , etc...
of
Tr»w n«rtjiU *?o......
(•eRt-fsU _____ . . . . . . . .
Tan*-*................. .
1,616,146
1,590,658
1,479,792
1,307,638
222,79 l
249,623
604,696
126,291
10,715
162,738
235.656
594,970
122,520
23,413
193,745
159,9? 5
550,363
117,039
21,551
209,547
182,214
469,927
99.074
26,002
T o t a l,,.,............
S M e w n t flfl..,.,..
r . t o j i . n p . to cairn*,
A 44 otijRT to come,,
1,223,118
393,028
(75*68)
62,528
1,139,207
451,361
(71 62)
107,800
1,048,673
431,119
(70* **7)
92.750
987,364
320,274
(75*51)
92,752
T o t a l____ _______
De^ttrt fe a U l. r ,. .. ..
455.556
600,000
569,161
600,000
523,869
600,000
Comparative Statistics.—The Lynn & Boston R R . Oo. re
ports the following comparative statistics for the years end
ing September 30, 1898, 1897, 1896 ami 1891, showing benefits
of electrical operation over horse.
413,026
600,000
76,131
180,974
1898.
1897.
1896.
1891.
Miles oper, (leas sidings).
153
153
150
62
Groaa per mile operated.
$9,649
$9,320
$9,499
$ 9 ,5 1 0
Net tier m ile operated...
$4,085
$3,987
$3,894
$1,718
Oar mileage................... 5,800,287 5,480,489 5,379,210 1,929,523
No, passengers carried..29,ut>3,234 27,386,817 26,791,81111,575,368
Earns, per oarmuetata.)
25*60
26*00
26*41
30*67
Exp. pet* car m ile (CIS) .
14*76
14*93
15*59
25 13
N et earns, p, oar m. (ote) - 10*81
11*07
10 82
5*54
® t l 4# f. to IflMftM.
144,444
- V . ft©, p. 614.
u.%i>rrif.»» or t u r oROItCU ) ! l
tle-murrm
40,839
50* MARCH 31, 1898.
Liabilities*
$*»-**! iuwtotitfli , ,.*.-.$4,200,000 |Capital stock.7
... $4,200.000
A Aiifftwu RR. 1,230,000 ]. Surpltu — .................. 1,190*443
*.&*?'*• Ooorgl*
j Hand*.. . . . . . . . ----- ----2,500.000
. ftalt.Pwafl Haqk.........
108,2011 I Avowed latere.it on
txv&d* A£»d *toek*
!
Ootid.", unpaid .........
. ‘ 1,9 05,81 0 | C u e la lin e d d iv id e n d s ,.
O m* on 4*po*fi in h*ak
Tf>s«
___87,910,033 | T o ta l......
5.100
20,490
....... $7,916,033
S.&Hi Ar-« I'- *t>* >-t,a.rr^ We-*i«rrn RaO*rAjr o f \ iuhjui.fr ffW) J.OOOi 544 shares
•t** 8*iifw*A A VfcjikitqtGCw $HT,4ii; UR'* share* MlanU i k Went Point
|*U*..*A*- sit p*r»f
Csifl iff If-ft?.«-■•*, Ilf |tuip|if4dtKl»l j illonl4 A- Went
ft*t:&R*IU*A me,
mtM’‘ W*J4tri*$hTUI
TV ^ 9 $ , $U*600| *84,000
f“' -■■t k WfetK# f*ia8#fc§HR, O*,
$.pcwj.
Houston k Texas Central Railroad.
f Report f o r the your ending June 30, 1898,J
President Thus H. Hubbard says in substance ;
O r r n t a l l i n u l t t .—The earnings from local PHA-BODg678 de
rrvs-'e-i fii.jpg, or 8*65 per cent, mainly owing to the
restriction upon travel caused by the quarantine regulations
during the month# of September and October. Although
the number of tons of local freight carried exceeded by 19*52
;--r rent, and the too miles by 28*00 p e r cent, the tonnage of
the p-v.-ding year, there was a gain in earning* of only
11,56-4. or '•««
one third of one per cent, resulting from
redaction* in rate# ordered by the Statu Railroad Commisrirrt.
the average receipt* p e r ton mile were 1240 cents
against 1*818 cents in 1897,
Hc,r..i, /‘oid,—4 tom the proceeds from the sale* of certain
!sr,- i» ?! * re have been purchase! and canceled to June 30,
■' *7- tb" foilrrwing bund* : First mortgage S percent bonds,
w * value.
t
consolidated mortgage 6 per cent bonds
face
fi&IJKiO; general mortgage 4 p :r cent bond*.
face
0»,OQO*, total,
.+.1 11,306,0)0.
si hob nm First mortgage o per
The expenses per car mile stated in cents follow :
1898.1897.
Maint. Of w a y___2*24 2*15
Maiut o f equip....2*01 1*97
Power, electric.. .1*67 1*81
1896.
188
2 27
1*91
1898.
Power, horae............
Transportation 6*55
General e xp ...... 2*29
1897. 1896.
9*56 10*75
6*73
6*92
2*23
2*46
Earnings.—The results from the operation of the Lynn &
Boston were as follows for the years ending Sept. 30:
EARNINGS LYNN * BOSTON KK.
1897-8.
1896-7.
1895-6.
1894-5.
$
Gross earnings.......... ..... 1,484,251 1,425,111 1,420,702 1,376,977
Expenses—
Roadway and buildings..
129,931
117,700
100,147
104,376
Maintenance o t equip.—
116,418
108,394
132,174
124,590
Transportation........... ... 526,672
520,490
516,188
469,117
General.................... .......
82,769
76,344
*'4,103
78,705
T otal........................
Net income from operat’n.
Other Income..................
855,790
028,461
6,060
818,626
606,585
6,725
838,330
582,372
5,219
Total not In com e......
Taxes paid........................
Ren a)H.............................
interest on bonds.............
Other interest..................
634,52 L
27,690
98,018
289.585
14,701
613.310
25,82*’*
96,495
270.927
21,709
587,591
596,997
23,034 '
24,869
91,537
83,829
270,699
248,368
16,616
34,615
To’l deduc’n from loo.. 430,054
Net Income for year... 204.4G7
Amt. o f div. declared (8%). 10I,2 kO
415,015
198.295
1)9,472
401,886
185,70s*
92,832
391,681
205,716
80,000
Surplus for year...... .
1103,187
Tote- surplus Sept. 3 0..,..
96,68x5
*98,823
91,150
92,873
89,180
125,716
89,221
784,392
592,585
4,412
'From tills there was al**. paid $94,604 “ extraordinary charges,’
H “ Viug surplus for the year $4,217. I Also paid $96,906 “ extraordin
ary,” leaving balance, $6,282,
THE
D ecem ber 17, 1898.]
C H R O N IC L E ,
Balance Sheets.—The balance sheets are as follows:
NORTH SHORE BALANCE SHEET OCTOBER 1.
.
1897.
1888.
1897.
I
1893.
Assets—
$
*
I L ia b ilitie s§
8
Prop, and invest___ 5/70,724 5.879.724 i P ref. stock. 0 per ct.
2.000,000
Due from L. & Bos. 77,0 0
112.100I cumulative
2,000,000
Bonds etc . owned.. 82,0^0
31,0 i0 j Common stock . ....4,' 00,000 4,000,000
Accts. receivable.. - 24,710
2*/53 I Accounts and bills
Miscellaneous .......
10,64
11,82 ‘ • p a y a b le ................
37,004
' 62.500
Cash on hand.........
7,8*59
1/04 Profit and loss acct. 44,949
T otal................ 6,081.953 6,062,500
Total.................6,081.953 0/62,500 I
LYNN A BQ8TON BALANCE 8HEET SEPT. 30.
1897. I
1898.
1897.
189*.
$
Liabilities—
$
4
Assets—
%
Railway.................. 4.346.715 4,19'*.611 I Stock, common.......1,266,000 1,266.000
Equipment............. 1.392/38 1,349.77 [ Funded debt.......... 5/99.000 5,699,000
131,138
Land and buildings. 1,423,594 1,385.662 I Current liabilities . 241,539
1 3,673 Inrerest a o c r u e d ,
Cash
..................
47,300
52,4-<1 1 not due ............
82,207
82,207
Bills & accts. rec’ble 97.026
64,992
f
Taxes
ac’r’d.not
due
25,325
24,147
Materials & supplies 63,394
I Rent’lsac’rd.n't due
28,099
25/15
Reconstruct’n, etc.,
93,0 '3 i Miscellaneous.........
7,633
2,249
account
..........
55,909
15,703 I Profit and loss........ * 90,663
91,150
Miscellaneous........
19,940
T* >tal................. 7,446,516 7,326.516 |
Y. 65, p. 1171.
G E N E R A L
T ota l................. 7,440,516
IN V E S T M E N T
7,320,508
N E W S
Reorganizations. Etc.— Latest Data as to Defaults. Rear
qanization Plans, Pay m a t o f Overdue Coupons. Etc.—A 1
ta cts of th is nature appearing since the publication of the la>t
issues of the I n v e s t o r s ’ and the S t r e e t R a i l w a y S u p p l y sie n t s may be readily found by means of the followingindex.
This index does not include matter in to-day’s C h r o n i c l e .
Full-face figures indicate Volume 67.
F a i l r o a d s & Mis. Co.’s.
R a i l r o a d s a n d M is c . C o fs—(Oon
Volumes 66 and 67—
Balt.4 ...............
do
Bult.
Busk
Cape
Page.
».1235, 9 5 t,
10 54 . 11 3 9 . 1*206
do ... O tral Onio plan.ii**£4
A O. Fouthw. tvoru.l l OJS. t 15 9
Tunnel Rv.. no agreement. I I 0 9
Fear & Yadkin Valley. .
sale itec. 29.1108
Central Ohio..... vlanM SS, OOO, 9 5 4
do
do — prop sitirm >f B,
A u. endsrsed. 11 59 . 12 0 6
Cent. Pac. .b o n d s m a t u r a D e c. 1.1 10**
Cent. Vt .plan.73 5. « 0 0 95 1. 1 05 4
Ches. & Ohio C a n .o J F 'r e a fo r sale. 1 1 OS
Chicago Ft. Mad. & Des Moines. I 0 0 2
Chic. & Onio River.......sale the.
16. 1002. 11 OS
Chicago A West Michigan., .cou
pons.:S4'2. 1 1 0 9
Col. A Cin. Midland.......reoro.vl/in.
6SS. 9 0 0 .
». 9 5 5 . | 1 09. 1 159
Col. Hock.Val. A T o l. .Burkesuit:
refir,, pi <",1.206
Cel.San. A H ock.......reorg 176.
2 2 2 . 90 0. 11 60
do
do new committee.S42, 1 1 6 0
Denison * Northern, .ordered s<td.8 4 2
Denv. Leadv.&Gun'son.p/an.73 o.
7 48: soid.H 12, • 109
Det, A Lima North..reorg. notice. 1 109
do
do
..reevr's certs.
1 160; p tpo*its. 1 2 0 7
Elmira (N. Y.) Munic Improv’t
reoro. plan.1 109. 1207
Elyton Co........... rrorg. committee
Federal ateel.......... . ...consol’n.s4*2
General Electric... divs. on pref'tl.9 0 0
Genesee A Wyom. Val.......n c’ r.1207
Indiana A Lake Mich.*.zl? Dec. 8.1 10 •
Jasper Town A Lands..neutrec’r. 1 2 0 7
Kingston A Pembroke.m«/ttrw to
auiK>,r\ze pref. stock.HO 1
Litch. Car.A West
...
J «!d .ll«l
Lima Northern
. .reoro. notice.
1 109: deposit,. 12 07
Little Rock H ot Springs A Tex,
sale 'an.:>. 12 07
Nat. Lin. Oil.. .r«w v.9 0 2 .9 5 6 . 1 n 45
do
do ..plan.1 1 6 1: newen. 12 0 4
Newark Somerset A Straitsvllle.
plan.O^H. 954
1261
0 m ills: Irondale Steel A Iron Co., Middletown, Ind., 6 mills: Johnstown TinPlate Co.. Johnstown, Pa., 4 mills; La Belle Iron Works. Wheeling. W. Va.
10 m ills; Laughlin Nail Co.. Martin’s Ferry, Obio, 14 mills: Marshall Bros. &
Co., Philadelphia, 6 mills; Monongahela Tin-Plate Co., Pittsburg, 14 mills;
Morewood Co., Gas City, lnd., « mills ; Morton Tin-Plate Co.. Cambridge, Ohio,
5 mills; National Tin-Plate Co., Anderson, Ind., 0 mills: National Tin-Plate
C .. Monessen, Pa., 14 mills ; Neshannoi-k Sheet & Tin-Plate Co.. New CasilePa., 6 mills: New Castle Steel & Tin-Plate Co., New Castle. Pa., 2 » mills; Norto Bros., Maywood. 111., is Norton machines; Norton Tin-Plale & Can Co,
Baltimore, 16 sets ; Ohio River Sheet A Tin-Plate Co., Remington. Pa.. 2 mills.
Pennsylvania Tin-Plate Co., New Kensington, Pa.. 6 mills; Pittsburg Tin-Plate
Co.. New Kensington, Pa., 6 m ills; Reeves Iron Company, Canal Dover, Onio,
4 mills; Shenango Valley Steel Co.. New Castle, Pa., 3<» mills; Somers Bros.;
Brooklyn. 3 mills; Star Tin-Plate Cn., Pittsburg. 8 mills; Stickney Iron CoBaltimore, 2 mills; St. Louis Stamping Co.. St. Louis, 8 mills; United States
Iron & Tin-Plate Manufacturing Co., Deramler, Pa , 8 mills ; Wallace, Baufleld
6 Co . Irondal0, Ohio, 4 mills; Washington Steel & Tin-Plate Mills, Washing
ton Pa., 4 mills.
The new company is said to control, almost without ex
ception, the entire output of the country. See United States
Tin-Plate item in V . 67, p. 1162.
Atchison Topeka & Santa Fe B y.—San Francisco & San
Joaquin V alley Ry.—Purchase Completed.—The purchase of
the San Francisco & San Joaquin Valley stock by the Atchi
son Topeka & Santa Fe has been practically completed by
the payment o f $2,300,000 for the 23,000 shares o f V alley
stock held in escrow by the Union Trust Co. of San Francisco,
and by a subsequent purchase at par o f an additional 500
shares of stock presented by individual shareholders. This
leaves onlv about $100,000 o f the stock outstanding.—V. 67,
p. 1206, 841.
B altim ore C ity Passenger R y .—B altim ore & N orthern
E lectric Ry.—Purchased.—Toe Baltimore & Northern
Electric R v Co, with the aid of a syndicate of N ew York,
Philadelphia and Baltimore capitalists, it is stated, has pur
chased the capital stock of the Baltimore City Passenger Ry.
Co. for $90 per $25 share, equal to $13,600,000 for the entire
issue of 140,' 00 shares. The Baltimore Consolidated Ry. Co.
had been negotiating for the property, and it was thought
Volumes 66 and 67—
Page. would be the purchaser. Consolidation of all the roads of
Ogdensburg A Lake Champlain
armncUd plan. I 0»>6, 1161 the city has long been mooted, and may still be pending.—V.
Ohio Southern..................... snld.S 1 2 67, p. 124 ; V. 65, p. 1023.
Pdlla. Read. A New Eng.netv Co. 1056
Pitts. June. .reoro. p l a n . ]c*56
B altim ore A Ohio RR .— Proposed Issue <f New Stock.—
Pitts.& W. 2d mart. cam. sell owf.N4‘2
do
do $50 0*> rec’rs certs... 1111 To acquire the Baltimore & Ohio Southwestern Railw ay
Rich. Nich.Irv. A Beattyv.957. 1004
under the plan outlined below, and the Central Ohio system
St. L. Gir. it Ft. ,->mi'h Ky.vurch.
o' untUrluinQ bonds, 1 111 on the terms already announced, the reorganization mana
St. L. Kans. A South western., sok.902
gers w ill recommend to the Baltimore & Ohio R R . Co., as
Sand. Mans. A New......plari.6*N.
737. 954 reorganized, to increase its stock issues so that they shall
Schuylkill River East Side ..de
faulter. 11M9. 1206 stand as follows:
Sioux City A Northern coupon, i 056
Preferred Slock.—Issue originally proposed $40,000,000, viz.:
Stat. Isl Kap. Tr. .reoro. notice. 1 1 1 1
do
do maf. of b'ds aepo*i,'d 1209 Appropriated under plan lo r reorganization o f B. & O.
Terre H'te A Logansp..ao/d.902. l l 1
RR.
Co., dated June 22,1898........................................... $33,668,700
do
do
... ....... ne/wco. 1209
1,331,300
Tol. St. L. A Kan. City...1 1 1 1 ,1 1 «»| For contingencies. Ac (any surplus to N e w Company)___
Reserve
for N ew Company (under B. & O. plan June 22,
Un. Pac, Deu. A Quit..vim .7 it>.
1898)................................................... ............................... 5,000,000
748, t‘ 05. 957, 1004
do
do ..sold. 1112; stock
Proposed new issue:
holders’ 8U t 1161
Union Pacific foreclosure of land
Appropriated under Central Ohio Plan Sept. 28,1898...... $5,888,850
mortgage of 1873.1162 Appropriated under B. & O. S. W. plan .............................. 12,500,000
Wheel. A L. E... .r Ian. 1142; forecl. i 28 For contingencies, &o (any surplus to New Company)___
1,611,150
Wisconsin Central...reoro. ma ten,904
Total authorized amount o f preferred stock to h e........$60,000,000
St r e e t R a i l w a y s .
Common Stock.—Issue originally proposed, $35,000,000, viz.:
Volume 67—
Page. Appropriated under plan fo r reorganization o f B. & O.
RR. Co., dated June 22, <898............................................$31,178,000
Interurban Ry. (Saginaw, Mich.)
pbi».1 1 11 For contingencies, etc. (any surplus to new company)...... 3,822,000
Lake Ont. A Riverside Ry. (Os
Proposed new issue:
wego. N Y.).fnreclnure.ll(il
Metro. W est Side El. (Caicago).
Appropriated under B. & O. S. W. p la n .............................. $7,500,000
sale Ja•■. 4.1207 For contingencies, etc. (any surplus to new com pany)......
2,500,000
New Orleans Tract! on..plan.6 9 0 .
7 36. 12 08
Pennsyl. Trac. (Lancaster, Pa.)
„
Total authorized amount o f common stock to he......... $45,000,000
reorg. 1 2 0 8
The new company w ill have in the aggregate an unap
„
,
vlan.1111 propriated surplus o f new stock fo r contingencies and other
Union St. Ry. (Saginaw, Mich.)
purposes as follows, v iz .: common stock unappropriated $6,pian.X t i l
Zanesville (O.) Street RR..
m222,0 0; preferred stock, $7,942,450.
deredsold.HQ'2 P sition upon Consummation o f P la n .—Upon the com
American Potteries Co.—Potteries Consolidation.—New pletion o f the reorganization of the company and o f the re
Company Inccrporat.d.—The American PotterieaCo. was in organization or consolidation of the Central Oaio and the
corporated at Trenton, N. J., on Dec. 15, with an authorized B. & O. Southwestern systems and the Pittsburg Junction
capital stock of $27,000,000, one half of which is to be pre R R ., the position of the Baltimore & Ohio R R . Co. (as re
ferred 7 per cent cumulative.
organized) it is estimated by the reorganization managers
w ill be as follows :
Saginaw (Mich.) Union St. Ry.
American Tin Plate Co.—United States Tin P la te —
Tin Plate Consolidation.— Incorporation.—The consolida
tion of tin plate mills, at first proposed under the title of
the ‘ ‘ United States Tin Plate Co.,” is now to be acoom'
plished under the title, Am-rican Tin Plate Co., which cor
poration, on Thursday, filed articles of incorporation at
Trenton, N. J. The authorized capitalization is $70,0)0,000,
of which $20,000,000 is preferred 7 per cent cumulative and
$30,000,000 is common stock. The articles of incorporation
contam among other things the following :
Net earnings from operation, together with earnings
from miscellaneous sources, for the year ending June
30, 1898, including net earnings from Central Ohio Sys
tem & Pittsburg Junction RR. Co., w ere................ ...... $8,547,433
From whieh deduct $251,000. representing the decrease
io miscellaneous income occasioned by the sale of secur
ities and the cancellation of sinking fund investments..
251,000
L e a v in g ................................................................................ $8,2.16,433
Add to this the net earnings o f the Baltimore <& Ohio
South western system for the year ending June 30,1898,
including miscellaneous income.......................................
1,989,761
N o mortgage shall be made except Iwo-thirds of the stockholders shall consent in writing. Both classes o f stock have voting power The directors are
£? .i® .n xV re*erve a surplus fund n >t chargeable with the payment of the
dividends. Not only the directors, but the executive committee a id its officers
are elected by the stockholders. The objects of the corporation are limited to
the manufacture of tin, terne, black plates, steel sheets, and like metal nrodu c s . I he corporation, however, has the right In any part of the world to
carry on its business to manufacture machinery, to acquire the rights and
undertake the liabilities of any other corporation.
Total net earnings....................................................... $10,286,194
Deduct fixed chargee o f B. & O.—
*70.000,000 Prior Lien 3>g per cents.................................. $2,450,000
$15,000,000 N ew 3U| per cent Pittsburg Junction & Mid
dle Division tirst mortgage gold bonds ............ ..............
525.000
$40,000,000 N ew 3 ^ per cent Southwestern Division first
mortgage gold bonds...................., ...................................
1,400,000
first m ortgage 4 per cents...............................
2,000,000
Financial.—The company will start active business with $50,000,000
Estimated rentals (including 4 per cent on $6,000,000
about $5 000,001 in cash. The united mills have a yearly
Belt Line RR. mortgage bonds, and excluding rentals o f
Coutral Ohio System), about ...........................................
500,000
capacity of nearly 8,000,000 100-pound boxes of tin. Other
‘ Taxes.....................................................................: .............
544.794
facts wire in V. 67, p. 1065, 1162.
Taxes— B & O. Southwestern System.................................
2nz,998
Mills Acquired.—The mills acquired are as follows:
Term inals.......................................................... . ..............
209,000
75,000
^Etna-Standard Iron A Steel Co.. Bridgeport. Ohio, S mills ; American Tin - Ground rents and m ortgage Interest ..................................
Eli wood. III.. 20 mills, and Montpelier. Ind„ c mills: A tlan ta Steel A
Co.. Atlanta. Ind., 6 mills: Baltimore Tin-Plat*- Co.. Lisbon. Ohio,
Si,™11,1
, ; B r i t t o n Hollins Mill Co., Cleveland. 3 mills ; Cincinnati Rolling Mill &
Tin-Plate Co., 4 mills: Crescent sneet x T in -fla t - Co., fi mills: Cumberland,
o '!
C.° - .° mills; Ellwonf Tin-Plate Co., El'wood City, Pa.]
Cn., Niles. Ohio. 6 m ills: (treat Western T ln F i a t e Works. Joliet. 111., 4 mills; Humbert Tin Plate Co., Counellsville, Pa.,
Total ch a rges...,......................................................... $7,990,792
Leaving a surplus over fixed charges o f about...... $2,295,402
—
case foreclosure shall be found necessary, the exemption from taxation
under the old charter o f the Baltimore & Ohio Railroad Company may he lost
and the amount of annual taxes increased.
1262
THE
■ Apart from the*
amount provided in the pinn for the
r>»rv*n(£iUoi» of th« Baltimore & Ohio RR. C o„ dated .Tone
, l - >s v.
j*. r.' iji, to be expended on the properties
r«i;Ei r r -i therein, and for additional equipment, the plan
for the rv rgaasjuticm or consolidation o f the Central Ohio
HR »r»(i-u». ilatrd Sept. 38, l-*»8 (V. 87, p. 68S), provides the
further »i;i Jtsnt o! #8,000,090 to be expended on the proper
tic* ooihprirol theft in and for additional equipment; and
th- it. Jt O. S. *nthw«ttern plan below prorides the further
amount ot $5,500,000 to be expended in like manner oa the
Baltimore or Ohio Southwestern System. The above state
ment o f • urnincn does not allow for any Increase in earnings
fr iai *.Si**» expenditures. which, it is confidently expected,
should largely inemww the surplus over fixed charges,”— V.
67. p. 1306.
,1 i ii.'! m ji Equiiem af.—Judge Morris, at Baltimore on
Monday granted the application of Receivers Co wen and
Murray to obtain on lease warrants, through the Mercantile
Trust to ,, 3,000 box cars and 80 locomotives, and through
she Maryland Trust Co. 50 locomotives, 3.000 box cars and
7,o.hi urd car*. The lease warrants are 5 per cents, running
for ten years from .Jan. 1, 1899. and are for the aggregate
amounts of gt.Tus .170 and (3 333,000 respectively. These
1m m warrants are merely a temporary expedient to secure
tbi reorganization committee pending the consummation of
the plan,—V . 87, p. 1208.
Baltim ore A Ohio Southwestern Hallway.— Reorganizatio.-i VUtn. —K n un of reorganisation has been issued under
date Dec, 15. 1 * 98 , by the reorganization managers of the
B & >’ HR Co., viz ; Spever Brothers. 7 Lothbnry, London;
Bpev-r & Co., No. 30 Broad Street N. Y .: Kuhn, Loeb &Co.,
27 Pitt* Street, N. Y
Participation under the plan is de
pendent npou the dep>sit o f securities with the depository,
the M-rcautile Trust Co., Xo. 120 Broadway, N ew York City,
at its L rndon agency, the London & Westminster Bank,
Limiu-d, London. Fixed interest bonds must carry all cou;■ u» maturing on or after Jan. 1, 1899, The syndicate w ill
purchase at par the coupons maturing Jan. 1, 1899, of all
fixed intercut bonds deposited, and upon the completion of
the re irganiznti on w ill also pay in cash interest at the re
spective rales provided in the old bonds np to Jan. 1. 1899,
from the coupon date last preceding, all fixed interest
coupon* not due Jan. 1, 1899. See report on pages 1265, 1266,
f.rih.wlDg as to necessity for reorganization.
Ihio Reorganization
Managers w ill recommend to the Baltimore cfc Ohio Railroad,
(
/ as reorganized) to acquire the properties of the
B. & O. Southwestern system and to create :
or
j.Hr it km tgt Mortgage 3% J>*r cent-gold.
IwimI s au«
and bearing interest from .Tan, i,
1 wi*b. Tbe n m r^ is v aeouHnjt those bondsis expected
to t-.<- nUlmateiy a lir*t lien upon the railroads and
properties ronutituWntr the Bailimore Ss Ohio South*
KK.
nr the above-mentioned securities
reprrarrntiiJt’ the »tunft, covering about 921 miles of
3Sr*Y iraek and about 30
mi left of second track and
• i Vu ,**, and fil*o all o f tho equipment now owned by
51i<- li. te O. h W. Ky. Go. or subsequently acquired
•aitb Ihe prooeeda o f thea © bond ft. Total Issue in no
1 ................................. .................
O f WBttb to OO’ MUable only at tile rate of mu c\v<-c,\
io«r f 1,000.000 per year for the onlar/jemeat, bettor*
me tv or extension o f tl»e proportion covered by tide
mertjira#* »;either u.« a direct lien or by pledge o f the
<•ij7 1t.ir* rr.pre**et3tin,i: *ueb pro peril cm)...... ....... ....
,... .................... ............ ..
o* « ,.»I1 in partial coaiatw o for ("dutiii,; b
o
m
8 ^ 4 tesyu d lyste for oo*b twittlrsmsut#......... .......
$45,000,000
5 ,0 0 0 ,0 0 0
40*000 000
b
. tf.tjo.oSa
.i
,V-w preferred floe); vollnc tnuit ocrUtlcates of tbs total
;
" » .......
................................
>1- :ii;' ,,Oil
•i t
y b . r 'I
Ss» m1
n p ir tla ! e tc h
u n to
fo r «x t.t< n «
b o n d * ......................
*r n l:c ,-,l.i f o r ciw ti r e q u i r e m e n t ............................ .
S r» - ■
it 0
d ,2 j6 j6 o
« ,fex* voting trast oanidoatM o f the total
j.l-'.O -O.I.MI I |wi heloW) ............. ................$10,000,000
- " • : in t’ lvnsnx,-tor wxutlng iwudsandstioetes.. .. ..
1 or I'.'BUn.rnrir'*, out. (any .orpins to new com pany)
rvor., Lxvn,
C H R O N IC L E .
7,100000
i,$oa,oaa
C ash R e q u ire m e n ts . —The cash requirements (#0,344,339) are:
For Improvement", cutting down amides, equipment, etc.. .$5,500,000
To IjiIiu up existing oar trusts, collateral Loan nud floating
debt (estimated) .........
.......................... .................. 2,444,329
Reorganization expenses, syndicate compensation, etc., any
Btirplus to new- company...................................................... 1,400,000
This w ill be provided as follows:
By salo o f $4,459,020 of n e w s 's per oent first mortgage
bonds and $8,246,560 o f new pref. stock (trust certs.)___ $8,838,523
By sale o f sundry treasury assets..........................................
jSs.Soo
S y n d ic a te .— A. syndicate has been formed bv the R eo r
ganization Managers to purchase #4,459,030 o f the new B al
timore & Ohio RR . Co. (as reorganized) Southwestern D ivis
ion first mortgage 8U per cent gold bonis and $6,346,560 of
the new preferred stock (trust certificates); and also to pro
tect the new company by agreeing to purchase from the new
company the new securities to which the holders o f nonassenting bonds would have been entitled if deposited under
the plan:—V. 67, p. 1157, 1159.
Brooklyn (Jueens County & Suburban R y.— C o r r e c t io n .—
Attention is called to the fact that the consolidated m ort
gage bonds have their coupons payable May 1 and Nov.
1. although the loau itself, if not called May 1, 1916, matures
July 1, 1941. The
treet ailway upplement stated
the interest period correctly until the last issue, when an
error crept in.—V, 67, p. 899.
Buffalo C ity Gas—People's Gas L ig h t & Coke.— To Vote
on Consolidation.—The stockholders of the Buffalo City Gas
Co. w ill vote Dec. 38 on a proposition to purchase the secur
ities of the People’s Gas L igh t & Coke Co. A circular to the
stockholders savs: The capitalization of the People’s Gas
Light & Coke Co. is $3,000,090 stock, $3,100,000 bond* and
$15,250 coupons, of which J, E. Addicks holds $900,00)
stock, $1,540,000 bonds and all the coupons. In payment for
all the above it is proposed the Buffalo City Gas Co. shall
issue:
S
R
S
1st Mart. Debenture
Addicks for $5iO,000 o f his bonds which have
Bonds.
Bonds.
Stock.
Addicfcs for the remaining $1,000,000 o f his bonds
from which coupons are detached fo r three
#1.100,003
Gridin et ai., fo r §18 ».0«i0 bonds .......
Gridin f t at. fo r their stock ..........
Scattering........................................
T o ta l........ ...............................
480,000
50.000
80.000
#900,000
600,000
$1,71 -.000 $1,500,000
The first mortgage bonds to bo so .issued are part o f the present
authorized issue of Buffalo C ity Bonds. The debenture bonds are to
bear 6 p -r cent, interest arter one vear from date, bus are to be oonvertlble into 6 p. c. non-oumulative preferred stook a t any time in
five years at option of company, and it is the intention' to make
this conversion as soon as th s legal formalities can be accomplished.
The stock to be so issued is part o f the present authorized issue of
Buffalo City Stock.
I f the transaction is carried out, the total equalization o f the Com
pany, after conversion o f the Debenture Bonds into preferred stock,
w ill be as follows :
„
Bowls.
P fd . Slock.
Co m. Stock.
Now outstanding.................... $5,250 000
$5,500,000
To bo issued as ab ove.........
555,250
$1,710,000
1,500,000
T o ta l...... -.......................$3,805,250
$1,710,000
$7,000,000
The present stook of the Buffalo City Company w ill beoome part of
the common stook.—V. 67, p. 1206, 427.
Chicago & A lto n R R .—Rumored Sale .—The control o f the
Chicago & Alton stock has variously been reported sold this
week to the Missouri Pacific, the Michigan Central and the
Union Pacific, A ll of these reports are officially denied.
Current rumor is to the effect that Mr. E, H, Harriman is
conducting negotiations for the purchase of the property, —
Y. 67, p. 1054.
,
J
Chicago Hammond & W estern R R .— Chicago Junction
Ry.— Chicago Junction Ry. & Union Stock Yards Co.—
Bonds Listed— Earnings.—The Chicago Hammond & W est
ern bonds have been listed on the Boston Stock Exchange.
The road covered by the mortgage is a bait line around Chi
cago and is now merged in tho Chicago Junction Railway,
which m turn is controlled by the Chicago Junction Ry. &
Union Stock Yards Co.
3
rile earnings o f the Chicago Junction Ry. for the first six
mouths o f its incorporation, from A pril 1st to Sept. 80, 1898,
are reported as follows:
To permit the is m w c j of tho amounts of capital stock
••••
th» Bxitimuro * Oato R R Reorganization
M *r 1 t-r* will r"«- ,iiim-n<l an increase in the common stock
i»*ri«
ihf. new company to ♦41,090,000 and in tha pre
fw r v i stock issue to #90,000,000. a* more fu lly stated under
the he»diog Btltimore & Ohio R R ,, above.
S r -'h a n a r " f S te u r itie *.—Toe following shows the amount
uruxif.
tlK t/«JO
or c»*b an i new securities which deposited securities will be
$806,725
$428,121
$56,819
$65,025
$308,277
e a iiii.v ) to r e c c ir e on completion of reorganization.
—V. 66, p. 70S; V. 07, p. 481.
---- *« a CIi * 1 iOOO fiKORiv as*— s
Chicago & N orth W estern Ry,— Listed. —The N ew York
Km
New
New
Sou'irHi p f, nth, com * Stock Exchange has listed $1,133,00) additional 3W per cent
trust stork
* Cush.
l/omitt, certs. trM fs. general mortgage gold coupon bonds of 19)7, making amount
%.!*-> At ;
listed to date $7,133,000, Nos. 1 to 7,133 inclusive. The comi
Z >i-. s c 4 p c
00
#1,070 #100
mutee is empowered to add to the list from time to time
4#»,
Npftda
i.o >•>. . , . 2 0 00
1,040
100
additional o% per cent general mortgage bonds to an
!§#mw»is>-1 ffsti* M ? p r. |^2r9h9.000|. 17 50
1.240
125
t M. *4pr) ncaskl Dlvinifis 7 p, c,
amount, not exceeding $2,867,000 (making an aggregate of
fl4», n jff ■fitter, ^l.W -d.ooO )___ U 0 7
this issue listed of #10,000,000) when issued in exchange for
125
1*000
Own M 5 p. <
rn r„ (# l i ll.OOQ) 4 1 7
900
100
“ existing bonds ” of the company.—V, 07, p. 315.
irv A OfifciMttiJjwMtAfil It li —
1*1 M
» ttn. I 110 ff 1 0 .OOT.OOO).. 2 2 50
1,000
Cincinnati New Orleans & Texas Pacific Ry.— Priority
100
fVrfc.* y t.A H p
^U»e3d3.90 >... 22 50
i»00
100
of Claims.—At. Cincinnati, Die. 7, Judge T a ft decided that
r A f#«lf75r»,OOlJ)
300 $200 the Kentucky claims amounting to $11,181 and Tennessee
. .. .. .
225
m oH o tO.OOO.OOO)
Pi
h . o o o i ,1(7„
175 claims amounting to $33,400 have priority over all others
ft-Mi
d i 8oi|th*w l«rB Ten**,
and should be paid out of the surplus of $200,000 which w ill
Ii b ‘Odft! f|f 1,500.000),,, g
1,030
be on band Jan. 1, 1899. The total indebtedness of the road
:
* 1
■ ■1,000
w placed at $460,857, —V. 67, p. 1109.
■*' H, i v r., (#175.000), 0 h i
1,000
Denver C ity S treet R R .- W e s t End S treet R R .-D e n v e r
* talft pr ‘ 1,1--i In the old >■,»,!« from the date of t
Consolidated Tram w ay—Denver C ity Train way — Reor
p i t f e i h l January t. 1Sim up to tijo da
t o '“-ar Intereat, nemely, J an u ary] isn
ganization, and Consolidation, —The Denver City Street R R .
of bo>nd»Teprr.«nted r»y .ertld rate, o f depoi
Street R R were offered at foreclosure sale
*Kt-ifitereat da© Jannary 1 , 1999“ M atated („ p] , n. *
on Thursday, and purchased for $500,000 and $40,000 respect-
D e c e m b er 17,1898.]
THE
1263
C H R O N IC L E .
ively by the bondholders’ committees. A plan of reorganiza
tion providing for the consolidation of the properties with
the Denver Consolidated Tramway Co. nnder the title
“ Denver City Tramway Co.” has been adopted by the com
mittees and copies lodged with the Central Trust Co., the de
positary for the bonds. The plan will be operative when
approved by holders of certificates representing a majority
of the outstanding Denver City RR. first mortgage bonds,
and of holders of certificates representing a majority of the
outstanding West End Street RR. bonds. The committee is :
F. P. Olcotts Chairman William L. Bull. Charles H. Merriman. David Baker
and Arthur K. Hunt, with J. N. Wallace. Secretary. 54 Wall St., New York.
P la n .—The plan provides for the foreclosure sale of the
Denver City RR. and the West End Street RR., as accom
plished this week, and the issuance and assumption by the
Denver City Tramway Co., to be organized as a consolida
tion of the above-named properties and the Denver Consoli
dated Tramway Co., of the following securities:
NEW SECURITIES.
New stock........................ .................... ---........................... ...$5,000,000
01 which as part consideration fo r $3,821,000 Denver City
496,730
R R bonds, viz., 13 per cent........................... - ...................
As part consideration for $300,000 West End bonds, viz.,
7 5 .ooo
25 per cent.........................................................................
In exchange for $3,000,000 Denver Consolidated Tramway4 ,4 2 8 ,1 7 0
stock and for other purposes.................................... .........
New purchase money mortgage twenty-year live per cent
bonds, secured by a mortgage to the Central Trust
?ola
,'ompauy o f N ew York, trustee, and constituting a first
lien on the property, rights and franchises of the Denver
City RR. Co. and the W est End Street RR, Co , and a lien
on the property, rights and franchises o f the Tram way
Company junior to its existing mortgages; interest to be
gin to run three months from the date when the new com
pany shall obtain possession of the properties o f the three
existing companies............................................................. 2,000,000
Of which as part consideration for $3,821,000 D enver City
RR. bonds, viz , 37 per cent................................................
1 ,413,770
As part consideration for $300,000 bonds West End Street
7S.OOO
RR., v iz , 25 per cent..........................................................
To be retained in the treasury of the new company, “ the pro
ceeds to be used for the building, erecting and equipping
of a new power hou-e of sufficient capacity to operate all
the lines of the existing three companies, and for the pur
pose of properly equipping with electricity the railroad
now o f the Denver City RR. Co„ and generally im proving
the respective properties and paying the taxes and the
expenses of the foreclosures,purchase and consolidation.”
S "A 3 °
BONDS TO BE ASSUMED.
Denver Tramway 1st M. 6s of 1898. due 1908...................... $498,000
Consolidated M. 6s of 1890, due 1910.................................. 1,219,WO
Metropolitan Street RR. 1st M. 6s o f 1891. due 1911.........
953,000
Denver Consolidated Tram way Consolidated M. 5s o f 1893,
due 1933............................................................................ 1,022,000
CONDITION JUNE 30, 1898.
Liabilities.
Assets.
PlaDts.............................. $35,280,204 Stock, preferred................ . $14,0C0,000
Pref. stock in treas........... , 1,380,700 Stock, common................... 20,000,000'
90,800Common........................... 1,972,700 F reigh ts.............................
Cash
........................
Outstanding.......................
Goods in process...............
Goods at cost....................
Rolling stock....................
Payment on acct. for sup
plies and machinery...__
Sundry debtors.................
Unexpired insurance.........
Total.
1,177,025
424,534
379,155
704,237
62,0126
Wages
..........................
Rebates due customers......
Sundry creditors (monthly
bills) ...............................
Surplus account................
40,739
58,788
130,493
1,20c,710
06,481
42,851
54,883
$11,533,595
Total
$11,538,595
—V. 67, p. 956.
Indiana & Lake Michigan Ry.— S o ld .— At the foreclosure
sale on Dec. 8 the property was purchased by ex Governor
Bulkley, of Connecticut, and M. L. Scudder, of New York,
representing the bondholders’ committee, for $100,000. —V.
67, p. 1109.
Joliet (111.) Gas Light Co.— N ew B o n d s . — Mason, Lewis
& Co., of Chicago and Boston, are offering $200,000 of this
company’s first mortgage bonds, which they described as fol
lows :
The mortgage is a flr?t lien on all property now owned or hereafter acquired.
Tt limits the issue o f bonds to $300,o00 and provides $75.Oi’0 shall he held by
the trustee fo r future extensions and betterments for 90 per cent o f the cost
thereof. The bonds are dated Oct. 1,1898. denomination, $1,000, interest pay
able
& O.; both principal and interest payable in gold at, the American Trust
•V Savings Bank, Chicago, HI. The bonds run 40 years, with the option to pay
the whole amount on the first day o f October, 1908, or at any time thereaiter,
at 105 and interest. Failing to exercise this option the company promises to
pay $10,000 annually, commencing Oct. 1,1909. at 105 and Interest until all are
paid. Bonds called fo r payment to be selected by lot by the trustee.
The books o f the company show an investment o f $419,978. For year endingJuly 31, 1898. sales o f gas aggregated 38,744,100 cuDic feet: gross income, $03.480; expenses o f operation, including taxes and insurance, *38,233: net profits,
$ 5 240; interest on *225.000 o f bonds at 5 per cent $11,250, surplus earnings,
$I3,9H0. The capital stock is $300,000, in shares o f $ 100 each.—V. 07, p. 1100.
Massachusetts Telephone & Telegraph .— In d e p e n d e n t
C o m p a n y i n B o s to n .—The Board of Aldermen in Boston has
granted a franchise to the Massachusetts Telephone & Tele
graph Co., on terms which forbid the company to charge
a higher rate than $6 a month for unlimited service, or te
dispose of its franchise, and requires it to have an exchange
in operation in the city within a reasonable time. A bond
of $20,000 is required for the faithful performance of the
agreement. The company filed articles of incorporation
about three weeks ago and its officers are Zephaniak S. Hol
brook, President, and Frederick A. Spear, Treasurer.
Mexican Central Ry .— P ro p o s e d D e p o s ita ry C o m p a n y .—
A plan is nnder consideration in Lond on looking to the for
mation of a depositary company, similar to that organized in
the case of the Mexican National Ry., and having for its
Assenting security holders will be entitled to the following: object the pooling of the general 4s, and the issuance against
F o r each $1,000 Bond o f
New Bonds.
New Stock. them of bonds of two classes, A and B.
Concerning the
Denver City R K .. ..............................
$370
$130 scheme, the Chairman of the Mexican Central Railway
W est End Street R R ..............................
250
250
Finance Committee says :
Marsden J. Perry, of Providence, Rhode Island, has en
"Th e London owners hold probably three-quarters o f the 4 per cent
tered into an agreement with the committee, subject to the bonds of our oompany and a number of the largest holders o f the
approval aforesaid, to vest, the title to all of said properties bonds in London have agreed to form a trust or debenture company or
some such corporation to take over the Mexioan Central 4 per cent
in the new Denver City Tramway Co. —V. 67, p. 1003, 952.
bonds, to hold same in trust and to issue income A and inoome B
Elgin Joliet & Eastern R y — L is te d .—The New York bonds of the English company against them.
"A s I understand it, they expeot the ineo/ne A bonds to bring aprice
Stock Exchai ge has listed the $7,417,000 5 per cent first which
would be warranted by their position and safety and many premortgage gold coupon bonds of 1941.—V. 67, p. 947.
diot at least 90 for these bonds, while the Bs would remain practically
Duluth & Snperior Bridge Co.— R eceivers A p p o in te d .—
Judge Cant, in the District Court at Duluth, on Dec. 6, upon
application of Ross, Dwyer & HaDitcb, of Superior, who
brought suit to recover $8,994, placed, this property in the
hands of Thomas Lowry and S. T. Norvel, as receivers. The
company has issned $650,000 first mortgage and $300,000
second mortgage bonds. Mr. Norvel is one of the receivers
of the Superior Rapid Transit Ry.—V. 63, p. 504.
Flin t & Pere Marquette RR.— L is te d .—The New York
Stock Exchange has listed the $500.1 00 additional first con
solidated mortgage 5 per cent gold bonds of 1939, making
total amount listed to date, $2,600,000—V. 67, p. 1160.
General Electric .— E le c t r ic L o c o m o tiv e s f o r P a r is .— The
company has sold to the Paris-Orleans Railway Co., notwith
standing strong competition by foreign houses, eight electric
locomotives for use in the tunnel in Paris.—V. 67, p. 1160.
Great Northern Ry .— B on d s T is te d .—The New York Stock
Exchange bas listed $5,000,000 Eastern Ry Co. of Minnesota
first mortgage Northern Division 4 per cent gold bonds of
1928-1940.—V 67, p. 1055.
Gluci se Sugar Refining.— L is te d .—The New York Stock
Exchange on Wednesday listed the company’s $12,619,300 of
7 per cent cumulative preferred stock and $24,027,800 of
common stock. The company makes the following statement:
The company is a consolidation of tne Chioago Sugar Refining Co.,
the American Glucose Co., the Peoria Grape Sngar Co . the Pirmenich
Manufacturing Oo„ the Davenport Syrup Refining Co. and the Rock
ford Sugar Refining Co. The business consists of the manufacture of
the various products o f Indian corn, amounting to some forty in all,
and consists chiefly o f starch, sugar, glucose, feeds, etc. The company
owns and operates one factory eaoh at Chicago, HI.; Peoria, 111.;
Rockford, II!.; Davenport, Iowa, and Marshalltown, Iowa, and these
factories have a daily capacity at the present time o f 97,500 bushels
of corn.
"T h e properties of the company are owned in fee simple, and are
entirely free from any indebtedness. The company mis no bonded indebtness whatever, or indebtedness of any kind whatsoever, exoept
for current hills.
“ The factories purchased by this company commenced operations
In the latter part o f August, 1897. Prom that time up to and including
June 30, 1898, they have ground 20,616,861 bushels of com . from
which have been produced 542,100,000 pounds of glucose, 98,382.000
pounds of s gar, 120.57 7,01/0 pounds o f March, 2,600,01)0 pounds o f
dextrine; also 158,788 tons of residue.
“ Theprofits during this period amounted to $1,883,157, after w rit
ing off $598,162 for betterment and repairs."
in the same position that the present general mortgage 4s are. This
would he equivalent to 77'c for the 4 per oent bonds, figuring the As
at 90 and the Bs at 65.”
The new company, it will be observed, has nothing to do
with the present Mexican Central Co., whose securities will
be left entirely undisturbed.—V. 67, p. 1110.
New York Mutual Gas Light Co.— C o n tr o l N o t Y e t P u r
chased.— I t is stated on excellent authority that the recent pur
chase of Mutual Gas stock by the Consolidated Gas interests
represented only 30 per cent of the capital of the first men
tioned company. It is understood that the holders of the re
maining 70 per cent are unwilling to sell out on the terms pro
posed— $300 a share—as control goes with their interest.—
•‘ New York News Bureau.”—V. 67, p. 1207.
National Railway of St. Louis.— S ale o f S to c k —The di
rectors, it is understood, have voted to accept the offer of
$120 per share for the stock. It is expected the deal will be
consummated as soon as the investigation of accounts, etc,,
can be completed.— V . 67, p. 1207.
New York Gas & Electric Light Heat & Power Co.—
Metropolitan Street Ry.— A c q u is it io n s . —The New York Gas
& Electric Light Heat & Power Co., recently incorporated
with authorized capital of $25,000,000. has purchased the
Mount Morris Electric Light Co. and the Empire Subway
companies, for the purpose of distributing to the public its
own electric current, together with the surplus current of the
Metropolitan Street Ry. Co., this latter current to be accumu
lated by means of storage batteries when the rail way traffic is
light. The electricity will be sold for all purposes— power,
light and heat— at much below, it is claimed, the prevailing
rates. Those interested in the company are Wm, C. W h it
ney. P. A. B. Widener, W . L, Elkins, Thomas Dolan Thos.
F. Ryan, Anthony N. Brady and Roswell P. Flower. The
subways controlled by the Empire Subway Co. are in the
upper part of ihe Borough of Manhattan, the subways in the
lower part of the borough being controlled by the Consoli
dated Subway Co., a more extensive concern. The distribut
ing area of the Mount Morris Co. follows the Empire Subway
Co.’s lines east and west. Official denial is given to the state
ment that the Edison Electric Illuminating Co. of New York
and the Kings County Electric Light & Power Co. of Brook
lyn have passed into the coiitrol of the new corporation.—
V. 67, p. 727, 1207.
12(54
THE
[Vol.
C H R O N IC L E .
lx v h .
\ 1 j>an A I niprotrm^nt Co. — R e d u c tio n o f C a p ita l .— in lien of cash the new securities, offered under the plan.
better* will Tut# Jim. il, 1899* upon n proposition to Bondholders are therefore invited to deposit their bonds
V
caTi»al at‘>c?.k from *',£52,000 to #2.180,300, the par with the firm at once. The coupons due Jan. 1, 1899, may
▼mltt« of
to remain as now, vix., $100. The directors in- be detached before the bonds are deposited.— V. 67. p, 1111.
Richmond & Petersburg RR.—Atlantic Coast Line HR. of
». k . * 1-"ill. J. 0. JUlrr. Jitam R. ll*y, John J. McCook, Virginia.— T e rm s o f C o n s o lid a tio n . — In the recent consolida
tion we are informed, a holder of $L0u Richmond & Peters
SVn York Ontario X Western IXj . — R e fu n d in g .— Refer* burg stock received $40 in class B stock and $10 cash,— V.
.
07, p. 1208.
[OftUed for payment' into 5 por cent refunding mortgage gold
Rio (iranilc Western Ry.— ffirfra D iv id e n d .— The com
>.
Kuhn. Lorb tVr Co. give notice that the allowance in pany has declared a quarterly dividend of three quarters of
to b
ding will, after Dec, 81 next, be 1 per cent, and an extra dividend of 1 per cent m its pre
minced to one half per cent.
ferred stock, both payable Feb. 1, 1899. Tnis is the same
/ v-$.*o-fi o f S t o c k . — Upon the completion of the refunding amount in the aggregate ( 1 % per cent.) as was paid in
master it i* thought that something will be done about February this year,— V. 67, p. 788, 794.
\
ihr c.vCion of the stock into two classes of preferred and
con in hi, »o es to permit of dividend payments. Nothing has
vf t
determined upon. V. 67, p. 1110.
Northern Pacific Ky. F ir s t D iv id e n d cm C o m m o n S tock .
H r Directors on Wednesday declared from the net earnir.g» of the first six months of the present fiscal year a
.in idrnd <_f 1 per cent on the common stock of the company,
the fiice to be paid Feb. 3, 1899, to the stockholders of
record Jan. 11, 1899.
i .:-Vw! Statement os to Extension* —President C. S. Mellon
haiTmade the following statement as to the company’s policy
regarding extensions, and its relations with other companies :
Tbe< Sr:Ui«ta Paesilo sr* not conHtrucfciBg, nordoee it intend to conBtxtirt, pa«?« for ?!•«• j»uri>o«oof Injtirtng any other company, nor do I
teller* shat any otliur company intends T*> build Unas to injure the
NV*rti»*m Pacific. The only construction which the Northern Pacific
liv in pn*zt*s** j* jpM-iQl 75 mllex in the Clearwater country In Idaho,
The Northern Pacific i* the oiilv line in that country or within 50
irAif* oj sr a <iucr4tion ha* arisen between the Northern Pacific and
Sh*» <»rvgon HR. A Navigation** to whether the Latter should not also be
aib.vi r-l t*« Kvccupv that country without being considered tie invading
icTTitnrY of Mr- Northern Pad lie. Local territorial questions like this
arc of foffiiiifip ot risrn ncc between railways, and when conservative
o-mnrel* j»rrvail am generally settled by negotiations, as I presume
thU fine wilt be in due time.
Kxrej.H the 75 mile* in question. no construction has been author1: far!: Board, and none will be undertaken with
ou*, it* authority, 1 have none to recommend at present. The North. ro i ^
;» not «-ugaged In any “ war** with any of its neighbors or
c**mi*?tuor» and does nor expect'tn be. Its relations with all its noighW * and oompetltort are friendly.
Out* Hi* the lines covered by the plan of reorganization, the North
ern Pacific »>‘,ocv' it* reorganization wa* completed over two years ago
ha* tmiR uijiy lOO milea of railroad (mostly spurs), and has bought
only 150 milr*. (hi* latter a line which had been acquired for It in
1 **5*v or l«9 3 , but which the old Northern Pacific hail been unable to
fa y for by ma»on o f it* Insolvency. The Northern Pacific ia not dis{- “ <•! sitber to buy or build railroads, and I can hardly imagine that
any ormdlt.i -a* will ariiw* that would lead it to do much building. It
n -»y. b j rvajinu of bu*lim*<i necessity, from time to time, as the coun
try dr vr-bijv»,t have to build ft »Uort branch here and there, and sooner
or Ut« r it will shorten Its line betw een Missoula and Lewiston or
P **eo.~V . 67, p, U 0 I .
Drmcn Bond*.—Tb© Dumber8of 1.928general first mortgage
bond*. drawn for redemption, and on which the interest will
ceas- on January first, are published in oar advertising
columns.— V. 07, p. 1161.
Northwestern Elevated Ry. o f Chicago.—L o a n O b ta in ed .
—The Chicago paper* say it is “ authoritatively announced”
Jtnpsiiy has finally effected a loan of $4,400,000 for
eighteen months at 5 per cent interest on the security of
$.7,000,0X1 of it* first mortgage bonds.—V. 67, y. 737.
Ohio Falls Car.— T o P a y a ll A c c u m u la te ! D iv id e n d # , a n d
D iv id e n d cm C o m m o n . —The company has declared a
dividerd of \ per cent on the $800,000 of preferred stock,
making the fall 8 per cent for the vear, also the entire 10 per
cent of accumulated preference dividends and a 5 per cent
dividend ob the $400,090 common stock. This is the first com«>< ti dividend since 1863, when 12 per cent was paid.—V. 67,
a l»o
Philadelphia (ias
Allegheny County L ig h t s Beating.
( en.otidatml lias of 1‘itlshnrg .— Sate A p p r o v e t .—The
factors of the Philadelphia Co. on Thursday approved
w option given by President George Weuttnghonse to
tow a li r- . & Co., to purchase the stock of the company
r $50 [x-r $V) share. The company is capitalized at $7,500,*i. and the t took pooled aggregates a little more than
•>***,W.«i. The directors of the Alleghany County Light &
eating Co. abo approved the option to Brown Bros, on the
■nip*o> » stock at $186 a share. The Philadelphia Oo.’s
rector* also approve.! a motion to increase the capital stock
ifiicienOy to enable the company to acquire the Allegheny's
impany* stock (total issue is $ ,500,000) in case Brown
rc» & C o. »honld not accept the option at $40.
Brown Bro- & C-o. in June last organized the Consoli»s. d Oa* Company of Pittsburgh (see details in V. 60, p.
and merged therein all of the leading illuminating gas
»t»pontes of Pittsbnrg and Allegheny. It is supposed the
rro i» now arranging to bring under the same or similarcoool *11 the nstntal gas and electric-light companies of the
v o d t i-. -V, 67, p. 30; V. fid, p. 573. 1237.
Pfttshnrtr k IV • tern Ry.— P i n t M o rtg a g e in o f 1887 ca lled
■>w of the probable reorganization, .T. P.
MftPWV* A* f*/i sn the time has come when, in their opinion,
first mortgage 4s of 1887 should be prounder an agreement giving the firm full
obonds or to d liver then under any
, provided that in so doing each deshall receive j ir and interest in cash
option, the rit It for thirty days to io
- plan of reorg nization, and to receive
Southern New England Telephone C o .— B on d s C a lle d .—
Neto M o rtg a g e . — The company has carried out its plan to call
for redemption its $500,000 old bonds and to make a new
mortgage for $1,000,000. The new mortgage was recorded
this week, the New Haven Trust Co being mortgage trus
tee. The plan and terms of exchange of old for new bonds
were in V. 67, p. 902.
Southern Pacific RR. of California. —Listed. The New
York Stock Exchange has listed $2,500,000 additional first
consolidated guaranteed gold 5 per cent coupon bonds of
1937, making total amount listed of consolidated guaranteed
gold 5 per cent bonds, stamped, 1903-1937, $L2,500,000.—Y .
67, p. 1111.
Third Avenue RR. of New York— Westtughonse Electric
& llnnufacturiiiff. —C o n tr a c t A w a rd e d .—The Third Avenue
RR. Co. has awarded the contract for the electrical equip
ment of its lines to the Westinghouse Electric & Manufac
turing Co. This contract involves the expenditure of about
$5,0*0,000 and covers all the electrical and other appliances
required. The plans call for a power house on the company’s
property at 216th Street with a steam and electrical capacity
of 64,000-horse power. Work on the reconstruction of the
road has already begun.—V. 67, p. 1209, 1112.
Toledo St, Louis & Kansas City R R . — A r g u m e n t o n th e
A p p e a l. — The argument on the appeal from the foreclosure
decree was heard at Cincinnati on Monday and Tuesday.
The Conrt took the papers, and it is expected a decision will
be handed down at the February term of the Court.—V. 67,
p. 1161.
Union Switch & Signal— National Switch & Signal.—
P u rc h a s e A u th o r iz e d .— $500,000 N ew B o n d s .— The stockhold
ers of the TJnion Switch & Signal Co. on Tuesday ratified the
purchase of the entire capital stock of the National Switch
& Signal Co., and authorized an issue of $500,000 of 5 per
cent gold bonds to provide for the purchase and for improve
ments, etc. Oakley A. Thome and Robert Pitcairn were
added to the board, which was enlarged for that purpose.—
V. 67, n. 738.
Union Tobncco Co.— Blackw ell’s Durham Tobacco Co.—
P u rc h a s e .—The Union Tobacco Co. has purchased a majority
interest in the $4,000,000 capital stock of Blackwell’s Durham
Tobacco Co., and has offered to take the minority interest at
the same rate. The cash portion of the purchase price is
$17 per $25 share, equal to $2,720,000 for the entire issue, and
is accompanied, i t is s a id , by a stock payment of about ‘3 d%
pel cent in preferred and the same amount of common stock.
The Blackwell’s Company was brought out in 1887 by
A. M. Kidder & Co and others. Its capital stock for
eleven and a-half years has paid regularly 6 per cent per
annum, and lias been earning, it is said, much in excess of
this.—V. 67, p. 1162.
United Traction Co. of Reading, Pa.—Listed.— The Phil
adelphia Stock Exchange has listed the following securities
of this system :
United Traction Co.stock £lOO.GOO and firstmort. and co*1at. trust 5 p , $ U 0,900.
Reading & WomelsdorF Electric Ry. 1st mortgage *fis, iBl3,oO0.
Reading Traction Co. stock $l,»0o,0' 0, for dividends upon which Is available
;tu .annual rental o f ♦10,000 if percent) fo r the three years ending Jan, 1, 18^9,
of $20,0u0 (2 per cent) for the two years ending J a 1 .1 ,1901, and of $30.’ on (3 per
coot.) for the remainder o f the 905 years o f the lease; also first mortgage ds,
guaranteed. $445,000.—v. 01, p. 1 118.
Western 1Jnion Telegraph.— Q u a rte rly . — Earnings (partly
estimated) for the quarter and the six months ending Dec.
31 have been reported as follows:
:i jm»*. cn,l.P r r . 31. tCrl income,
189S (estimated).. .$1,450,000
1807 (actual)......... 1,553,415
6 inos.—
h it charges.
$221,273
2^3,200
P ic. paid.
$1,216,985
1,216,976
Bell. surp.
$8,742
113,239
1898 lost.).......... 3,1)00,000
448,773
2,433,975
117,252
1897 (actual)......... 3.257,266
447,618
2,433,948
375,70J
Total surplus December 31, 1898 (estimated), $8,057,955.
The regular IJ4 per cent dividend is payable January 10,
1899 — V . 67, p. 83H.
Wisconsin Central Co,— 1Untu. s o f R e o r g a n iz a t io n M a t
ters, The New York committee have agreed upon a plan
of reorganization, and are now awaiting the action thereon
of Boston interests, A difficulty in the way of progress is
that there is no committee representing the bonds of the
Milwaukee & Lake Winnebago and the Chicago Wisconsin
<& Minnesota, so that they cannot be treated with as a
whole. It is hoped that the plan for the reorganization of
the property may be shortly announced.
At Milwaukee, Judge Jenkins has ordered the committee
representing the first mortgage bondholders of the Wiscon
sin Central Railroad to come into the foreclosure action to
determine the standing of their securities.—V. 67, p. 1112.
D ece m b er 17. 1898. j
THE
C H R O N IC L E .
12t>5
portion of the loss of 1897 should be charged over a period
I of several years. The amount so charged this year amounts
to S24.000-00. This unusual expense of §101,9 00-00, so
charged, is slightly in excess of the deficit in Net Earnings
for the year just closed.
Of the charge of §74,000-00 for personal injuries, $50,000-00 was for damages that occurred in previous years,
but for which payments were made this year, as the liti
FIFTH A N N U A L R E P O R T -F O R THE FISC AL Y E A R gation or negotiations for settlement thereof were not
closed until this year.
E N D IN G JUNE 80th, 1898.
The General Expenses show a net increase of $26,000-00.
This Company’s General Expenses are classified the same as
O ffic e of th e Co m pany , Cin c in n a ti , O h io . all the roads in the Baltimore & Ohio system, which class
T o th e S to ck h old e rs o f th e B a ltim o r e & O h io S ou th w estern ification was formerly adopted by the Inter-State Commerce
Commission, and has only recently been changed by it, so
h a llw a y C o m p a n y :
that a large part of the expenses hitherto included in Gen
The Vice-President and Directors submit the following eral Expenses are by such classification transferred to Con
report of the results of the operations of this Company for ducting Transportation and other Department Accounts.
the year ending June 30th, 1898,
The Baltimore & Ohio System has not yet m ide such
Gross Earnings......................... -.................................... $6,904,317 04 change. General Expenses, as classified by this Company,
Operating Expenses, 71-21 per cent................................ 4,916,805 58
includes not alone the salaries of Odicers and General Office
N et Earnings----------------------- ----------------------------- $1,987,511 46 Expenses, but in addition all advertising, expenses of
Miscellaneous Receipts....................................................
2,550 00 Traffic Associations, Fast Freight Lines and Rentals of
$1,989,781 46 Tracks, Yards and Terminals, etc. W hat might be re
garded as strictly Salaries and Office Expenses have been
D ed u ct:
$293,098 30
Taxes and Assessments.........
reduced $14,000-00. and the total increase in other classifica
60,000 ()0
Rental of Term inal Property
tions was $40,000-00, making the net increase $26,000-00.
500 24
Interest and Discount............
43,725 29
398.22383This additional expense has been due to the extensive in
Interest on Loans...................
crease in the amount of business handled, and has been
N et Earnings applicable to Fixed Charges
1,591,53763necessary for the proper conduct of the Company’s business.
In terest on Bonds and Equipment Cer
Necessary improvements have been made upon the prop
tificates ..................................................
1,691,11167
erty and charged to Betterment Account at a cost of §110,D eficit.................................................
$99,574 04 998'90, the details of which are fully set forth in the report
The percentage of the cost of operation was 71-21 per of the General Manager.
The Statement of Funded Debt shows that the Ohio &
cent, in comparison with 69-34 per cent for the previous
Mississippi General Mortgage Bonds have been decreased
year.
The business of the country increased generally through §4,000 00, and the First Consolidated Mortgage Gold Bonds
out the year. A ll branches of business felt the return of increased $4,000-00. by reason of the exchange of the one
prosperity, which was general, and had the same rate per class of securities for the other, as provided in the agree
ton per mile been received as for the previous year, the net ment of consolidation. Other exchanges have been made
earnings would have been §617,228 greater. The tonnage to the extent of $875-00.
transported shows an increase of 738,763 tons, and the rate
The Ohio & Mississippi Equipment Trust Certificates
per ton per mile obtained for this traffic was reduced from Series “ A .” to the amount of $50,500-00, which became due
in
October. 1897, were extended until the 1st of March,
6-29 mills to 5-55 mills.
The Gross Earnings show an increase of §764,317-22, of 1899, and Trust Certificates, amounting to §20,000-00, were
which §665,219-60 was from Freight, and §102,971-16 from paid and retired.
At the close of the fiscal year the amount of Unfunded
Passenger. The increase in expenses is due to the expendi
tures upon the property and to the additional cost of Debt was $1,389,704-85, a net increase over last year of
handling the increased business. The details are fully set $370,202-60, which arises chiefly from the amount charged
forth in the report of the General Manager herewith sub to Betterment Account, Discount and Expenses on the ex
tension of the Ohio & Mississippi First Mortgage Bonds,
mitted.
The statistics of the operation of the road for the year Deficit in Earnings for this year and Equipment Trust Cer
show the following gratifying results: In order to meet tificates retired and extended. The bonds in the Treasury
the conditions arising from the rates received, great atten of the Company, if sold at the prices now prevailing, would
tion has been paid to increasing, as far as possible, the realize a sum in excess of such total indebtedness. Owing
number of tons hauled and the length of such hauls a the to the unsatisfactory price at which such securities have
minimum of expense. Such attention has resulted in in ranged during the year, it has been considered undesirable
creasing the average number of tons per train from 212 for to sell the same and liquidate such indebtedness.
the previous year to 237, and the average length of haul
Particular attention is called to the effect upon the Com
from 177 miles to 194 miles.
pany’s affairs and net results of operation by reason of the
The tonnage movement shows a very material increase. extraordinary decline in rates. At the time of the or
For the year just closed the number of tons carried one ganization of the Company, namely, November first, 1893,
mile was 825,998,277, as against 622,274,676 for the previous the rate received for freight tratfie per ton mile was 8-5
year, an increase of nearly i hirtv-three per cent.
mills ; this year only 5 5 mills, being a decrease of 3 mills.
There was a slight decrease in the earnings per train mile, This year’s business was the first normal year of commercial
notwithstanding the large increase in the number of tons affairs since the Company was organized, as up to that
per train mile. This was owing to the reduction in the time the unusual financial and commercial depression ex
average rate per ton per mile.
isted throughout the country, seriously affecting your busi
The amount of coil transported was less than it would ness ; had it received the same rate on the tonnage moved
have been if the normal conditions had existed. A strike in last year as was received at the time of its organization, it
the Ohio coal fields which extended from about the first of would have realized Net Earnings over its present Fixed
March to the first week in May, during which time the Charges and Taxes of $2,403,200 00.
mines were not operated, entailed not only a great loss in
A t the time of such organization ample provision was
revenue, but also an increase in the price of the coal used made for means to make improvements in the property, so
that it could be brought to the highest efficiency, and thus
by the Company for its fuel.
Seven hundred and fifty new box cars were contracted better able to meet declining rates if such should" prevail.
for, to be delivered early in the next fiscal year, the total Such improvements were entered upon as soon as the Com
cost of which, including interest, is §484.167 18, on which pany commenced operations. One of the most important
there will be made a cash payment of $20,887-50 when re improvements to be made was large additions to the equip
ceived, and the balance will be payable in eight years there ment of the Company and the reduction of its grades, and
after in monthly payments of §4.825-83. Two hundred and to overcome the grades that could not be reduced by the
fifty coal cars were also ordered, the total cost of which is use of heavier motive power. From the fund thus pro
$126,643-20, on which a cash payment will likewise be made vided it was also arranged to replace the old rail by heavier
of §3,000 00; and the balance will be payable in ten years in ra il; certain bridges by heavier structures, and to ballast
monthly payments of §1,030-36.
with stone or gravel that portion of the line which had not
The Company reserves the right to anticipate the de heretofore been ballasted. These funds were to be pro
ferred payments at any time before maturity at its option. vided by the issue, from time to time, of the Company’s
In the month of March, 1898, a severe flood occurred in First Consolidated Mortgage Bonds, guaranteed by the Bal
the States of Ohio and Indiana, which was not as serious timore & Ohio Railroad Company. •
as the unprecedented flood of the previous year, but was
While the Company was engaged in carrying on some of
most extraordinary and unusual, arid caused serious dam these improvements, the Baltimore and Ohio Railroad Com
age to the line and loss in traffic. The direct cost of the pany became insolvent, and the securities thus provided
damage, as now ascertained, was §77,000-00, and the line could not be sold at prices which would have justified the
was interrupted for five days, causing increased indirect management in continuing the improvements and complet
loss.
ing the work originally contemplated. The result has been
There has been charged to Operating Expenses this year that the Company’s condition would not permit it to meet
$101,900-00, on account of the loss and damage by floods the unprecedented decline in rates and carry on, as it had
this year, and for the proportion of the damage of the great hoped, an advantageous and successful operation of its
floods of 1897. As stated in the last report, on account of property. The progress of the reorganization of the Balti
the extraordinary flood and character of the losses oc more & Ohio Railroad Company presents an opportunity
casioned thereby, ths Board of Directors determined that a for this Company to determine its future relations with
d ep arts and H 0 curoeuts.
BALTIMORE & OHIO SOUTHWESTERN
RAILWAY COMPANY.
THE
12 *56
C H R O N IC L E .
t'-.-r.ijms. -1 Coin(liiny, and to procure, through the
guars* issv vi.f it* -- uiritk'-y on some just and equitable basis,
Aim t- -xp-.ul to -•-■roplete these improvements and place
the orv»i*-rtv in a I--Sit ion where it can be successfully
.■i-Tnt.'J Seg-.tiations for such relationship are being con
duct-,S by the Press-lent and the Board of Directors with
the RrorgAtiisttion Managers of the Baltimore & Ohio
Railroad company, and when they are concluded, a plan
for readjusting the affairs of this Company and of such proj-c-.-l arrangements will be presented to the respective
•ieearity Holders. In order to meet present rate conditions
the > .■mj-unv should increase its motive power by securing
large number of heavier locomotives, at least three thou*
sand cars, and - spend at least §1,500,000 in the reduction of
its grades, increase its sidings and remove the lighter rail
from the line and replace it by heavier rail. It is estimated
that the* expenditure of at least §5,500,000*00 will be re
quired t" secure all of the desired improvements, and when
they are made, the property, it is believed, will be in a con
dition to meet the prevailing low rates and secure advan
tageous and profitable results from its operation.
Th- car - inipmeni, motive power, plant and property
have been well maintained during the year, and in many
instance * improved, but in the near future the line should
be renewed with heavier rail in accordance with the orig
inal plans of the torn jinny, and for which it is expected
ample provision will be made under the proposed arrange
ments hereinbefore referred to.
Tie operations of the Company have been conducted with
marked regularity, and the officials and employes of all de
partments are entitled to commendation for their faithful
and efficient services.
In the absence of the President on official business, this
report has been made and presented by the Vice-President.
Your attention is respectfully called to the report of the
-n.-r.il Manager and to the Auditor's statements sub
mitted in detail.
Bv ori-T of the Board of Directors.
W. W. PEABODY,
V ic e -P re s id e n t.
GENERAL BALANCE SHEET JUNE 30tn 1898.
c -KTS.
Amount.
Cent -f Ib-a-i and Appurtenances......................... $7 7 ,8 8 4 ,0 0 2 27
Oooslr.soUon .............................................. 1,036.959 83
Equipment Owned.......... ........... __.................. 2,411,833 51
. Ln m 4.m........................................
403,1!
rw ciliu of Otner Compmtc*.............................
949,775 0 0
Fit-; income iCortgage Burnt* In Treasury..............
301,000 00
Kc!
...... ........... ................................
15,705 25
........ ......................
054,1] 5 16
c»*ti nt Hand .................................................
84,209 56
dividual* anti Companion....................
313,923 94
A$anu' Current Balaam*........... ......... ..............
194,093 40
United Siaiea Government,-...............................
125,197 65
Balance* due from Other Roads...................
63,337 61
r.ee* to Freight Lines, ,te.....................
21,937 45
Ic
at Hood, 1697... ...... ..........................
84.497 24
Blue Receivable..............
300 00
ttUeelUneou*.-...............................................
46,*86 64
MalerU! and supplies..... ................. ................
3 1 4 5 6 4 52
P»"fi! and Lowe......................... ...... 8327,425 23
!-e«. Protit on Marietta Hallway Guaranty.$150,000 00 177,425 23
IV o l .L iX.VIJ.
occupies, greatly reducing the rates for transportation re
ceived bv your Company.
The effect of such reduction in rates has been most serious
and shows the pressing need of a readjustment of the Comjiauy’s securities and fixed charges, and the securing of
additional capital to make needed improvements upon the
property. Had the same rates prevailed last year as existed
at the time of the organization of the Company, there would
have been a surplus over fixed charges of §3,273,626, instead
of a deficit of §1)9,574.
When your <Company was organized, it was believed ample
provision had been made for necessary capital to reduce its
grades, secure increased and heavier motive power, equip
ment and rails, and to bring the property to the highest
standard of condition. Such necessary capital was to be
secured through the sale of the Company’s securities, guar
anteed by the Baltimore & Ohio Railroad Company. Im
mediately upon the organization of the Company, certain of
such improvements were entered upon; before they could
be completed to the extent whereby substantial savings in
operation could be effected to meet the prevailing low rates,
the insolvency and receivership of the Baltimore & Ohio
Railroad Company prevented the sale of its securities, and
thereby arrested the completion of the, contemplated im
provements. These improvements have become imperative,
and cannot longer be delayed.
The amount of capital now needed to be expended in the
reduction of the grades, purchase of additional equipment
and for other improvements, in order to bring the property
to the efficiency requisite for advantageous and profitable
operation, in conjunction with the reorganized Baltimore
& Ohio Railroad, is estimated at about- §5,500,000. the greater
proportion of which should be expended during the next
calendar year and the remainder as soon as possible there
after.
The Reorganization Managers have agreed to undertake
the consummation of the plan herewith submitted, which
provides for the issue by the Baltimore & Ohio Railway
Company (as reorganized) of its securities in exchange for
yours on a just and equitable basis, and the securing of
additional capital required to put your property in a position
to successfully carry on its business. The syndicate men
tioned in the plan will purchase at, their face value all
coupons due on the first day of January next that are not
paid from such bondholders as shall deposit their securities.
It is hoped that further financial embarrassment with its
inevitable consequences and the depreciation in the value
of your securities can be avoided by a prompt acceptance of
the plan.
Your Board, therefore, urgently recommends its prompt
acceptance.
Dated New York, December loth, 1898.
E dw a r d R, B acon ,
P r e s id e n t .
W illiam L. B u l l ,
E dgar T. W
k llss ,
John H. Davis .
N ew York,
James Sloan , Jr .,
To**>..................
...$85,182,960 78
Baltimore,
,
„ L t m iz m a s .
Amount.
Francis P a w .
capital slot* Preferred... ..................
..$20,000,000 00
London,
r c ■' " *■ 1
oil ................................... 1 0 ,0011,000 I 0
committee o f B o a r d .
F ■ : I’* ... ............. ............... .............. 51,64 1,690 00
1. ,-: pn,r ut Trust CcrtlMeate* (0, 4 M.).... ........... .
50,000 00
m u Payable..................................................
178,02183
Ooi.asaral Loan..........
675,000 00
— F- J. Lisinan & Co. have issued a new sheet of quota
125,288 19 tions for unlisted and inactive steam-railroad bonds, which
F ,ulpinerit Note*..........
E-; -JipRif'-nt OftlflCJktn^ K.xtoaflCfl.................
50,500 00
t*Rp*i*i
no 1*;»r HolL .........................
201,057 45 will be furnished on application.
O m iw b
f m b l o Jttfjr
.............
4stdl!c4 VoihcMn I5*jrab}o..................
Hi Ia.hc«4dop 14 Other
......
A p is h ' U tifM f « r
Outstanding..
on
l o c o i n c H o tt u ii U n c a U tM l
fo r .,,
r«.i|jKjM Unpaid.. . . . . . . . . . . . . . . .
Oufr i v *15r \dna1
,.* and Companlr.A. . . . . . . . . .
M hM tlliM oa* . . . .. .. ........................... .
A
I o u t m !, not I>u«. . . . . . . . . . . . . . . . .
T * ? m not Don,......... ........... .
H fb J a lii, ftr # |
E lU t C ,,,..,,.,,,..
015,022 50
8 A4,822 98
137,735 84
33,119 90
20,454 24
20,990 00
13,071 45
49,436 15
77,349 18
183,171 59
3,729 48
T" * * l ....... -....................... ......................... . . ....... ...$85,182,960 78
To th r S r c u n tp B o lfle r* o f th e B a ltim o r e A■ O h io S o u th v t$ U ri* R * iil troy ( o m p n n y :
A/ Ohio Railroad^ the guttraoiorof certain
r,i jfixn “M-o'-uritk'-a, lisviog become insolvent ami tbs property
to th.* f*>*“^'*k*n o f RecfiviTH, ami it* reorgn niza t ion
taYin £
if 1K-«*“is fJecinml
rlffO’ liTr(f-(i oj
Olwralivo
it became
luirnm,. necessary
iwm,u.„ne,. for
f -hat-in
Iterative , it
tour Be«r>l, In antler to projierljr prot ect the securities of
your Coi
to
Inito negotint Cons with the Reorgani*»t ion Muitsger* of the Baltimc►re & Ohio Railroad Comto amujgr* tlw* futufe relath
of your Company with
\hft-1 ff*o
J frrofR*rty
For a*
fnnnlb* thi!* Board has been la negotiation
»i| h thpwi »o4 in oon*u 1tat ion wit h the security holders.
for 4krv .
■
r
#>(i PADimup oi jo u r * onipany s
; bit th,- «*>•"«ritte» of tins J h o fg u k td Baltimore
it <>hio Iteffroad Company upon a satisfactory basis, and
>o -s i ’Ifi Metal new capital to place the Company in a
s * ' * T l i i ’ -u-.'- .-fujjy carry on its Im-sinews and place it on
c i:
th-: organD-ation of your Company, vigorous com*
\* iiieji. tiiep, unexpected, has developed in the territory it
—Statements of the following Chicago institutions appear
in our advertising columns : Merchants’ Loan & Trust Co.,
Commercial National Bank, and Illinois Trust & Savings
Bank. Other statements were published in last week’s issue.
— Attention is called to the offering of $250,000 Salt Lake
City four per cent bonds by Messrs. Mason. Lewis & Co.,
Chicago and Boston. A statement regarding the debt of the
city, with other particulars, will be found in the advertise
ment in our municipal department.
— Messrs. Spencer Trask & Co. have prepared, in circular
form, a special review upon the new Baltimore & Ohio Rail
road Co. The facts presented have been derived from
an horitative sources, and make an excellent showing for the
reorganized property. A specially prepared map, accom
panying the circular, shows in colors the division of the road
covered by the several new mortgages.
-Messrs. F. J. Lignum & Co. are offering $200,000 Houston
Il int & West Texas first mortgage 5s at 97^ and interest, at
which price the bond pays over o 'j per cent. They recom
mend the bond a* a safe investment, because the property
bn- shown its ability to earn its present interest charges
while in poor physical shape and because they believe that
the line is capable of considerable growth in gross and net
earnings.
-City of Cheyenne, Wyoming, five per cent water and
;-‘w er refunding bonds, issued to refund outstanding sixes
cmed in 1892. are offered for sale bv Messrs. C. H. W h it e *
' o. This is the balance of a lot of $100,00n of bonds issued
l,v tl'is firm in last week’s Chronicle. The advertisement
Ri ving statistics and informa-ion relating to the bonds will
os found in the State and City Department, in the back of
the paper.
D ecem ber 17
O
M
M
E
R
C
I A
L
E P I T O
M
1267
C H R O N IC L E
C O
C o m m e rc ia l jin x e s .
TJxt
C
THE
la ys, j
T T O
N .
F riday N ight , December 16, 1898.
T he Movement of the Crop , as indicated by our telegrams
E .
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 338,873 bales,
against 392,968 bales last week and 394,897 bales the previous
The contraction in bnsiness incidental to the approach of week, making the total receipts since the 1st of Sept., 1898,
the holiday season is now being experienced, but the shrink 5,141,043 bales, against 4,899,039 bales for the same period of
showing an increase since Sept. 1,1898, of 243,003 bales.
age in many lines of trade is much less noticeable than for
some seasons past. Weather conditions hive continued de
Receipts at—
Sat.
Tuet.
Wed. Thurs.
Mon.
F ri.
Total.
cidedly wintry iD nearly all sections of the country and at
Galveston_____ 11,435 19,752 22,785 19,613 21,968 17,191 112,744
the South unusually severe weather has interfered materially
Tex. City, <fco. . . . . . .
......
.....
......
......
3,264
3,264
with the picking of the late cotton crop. Two large trade N ew Orleans... 10,831 20,920 20,955 16,555 14,934 10,114 94,309
2,405 1,277 1,657
477 1,071
423
7,310
combinations have been officially announced daring the M ob ile......... .
.....
.....
......
......
5,403
5,408
......
week, the American Potteries Company and the American Florida............
Savannah.......
5,008 6,510 9,598 5,704 4,331 4,203 35,337
Tin Plate Company. The treaty of peace between the
Brmisw’k,Ac.
.....
.....
... .. .
. .. .. .
9,131
9,431
United States and Spain was signed Saturday the 10th inst. Charleston...... 1,615 3,012 2,000 1,116 1,137 4,015 12,945
..........
Pt. Royal,Ao.
......
117
... .. .
117
Saturday, Dec. 24th, will be observed as a holiday by the
W ilmington___
1,803 1,526 2,945 1,580 1,734
709 10,347
commercial and financial exchanges of this city.
Wasli’ton, Ac.
. .. ..
. .. .. .
47
47
Lard on the spot has had a fair sale, although at the close
N o rfo lk ..........
5.055 7,320 6,368 5,441 3,081 2,33 4 30,099
demand was quiet and prices were easier, closing at 5 35c. N ’ p’t News, Ao. . . . . . .
. .. ..
. .. .. .
......
649
649
367
for prime Western and oc. for prime City. Refined lard has N ew Y o rk ......
46 L
320
491
270
241
2,153
been in moderate demand. The close, however, was quiet Boston............ 1,116 3,631 4,396 2,913
722
569 13,347
and easier, at 5-45c. for refined for the Continent. Specula- B altim ore....... . . . . . . . . . . . .
485
......
......
485
ion in lard, for future delivery has been fairly active, and Pliiladel’ a, Ac..
74
309
318
22
108
831
prices advanced early in the week on general buying. At
the close, however, realizing sales, prompted by fail receipts Tot. this week 39,897 64,513 71,^16 53.766 49,370 59.811 333,873
of swine, resulted in a reaction.
The following shows the week’s total receipts,the total since
DAH.T CLOSING PRICES OF LARD FUTURES.
1,1898, and the stock to-night, compared with last year.
F r id a y N ight , December 16, 1898.
1897,
3ept.
Sat.
Mon.
Tues.
Wed.
T h urt.
F ri.
December delivery___e. 5-40
5-50
5-45
5'42
5-42
5-37
Pork has sold fairly well and prices have been unchanged
and steady, closing at $8 75@9 00 for mess, $10 50@11 50 for
family and $10 50@12 50 for short clear. Cut meats have sold
slowly and prices have favored buyers, closing at
for
pickled shoulders, 6%<a7l^c. for pickled hams and 5(4 a 5 % c .
for pickled bellies, 14 <alu lbs. average. Beef has been in
limited demand at steady prices, closing at $8 50@9 00 for
mess; $9 00@10 00 for packet: $9 50@ll 50 for family
and $14 00f®15 50- for extra India mess.
Beef hams
have
been unchanged.
Tallow has been steadier,
closing at 3 9 16c. Oleo stearine has been quiet and
easy at 5 and 5}4c.
Lard stearine has advanced to
for prime City. Cotton seed oil has been quiet but steady
at 22@22J^c. for prime yellow. Butter has been in mod
erate demand and firmer, closing at 15@21e. for creamery.
Cneese has advanced on smaller receipts, closing at 7®llc.
for State factory, full cream. Receipts of fresh eggshave.
been light and prices have advanced, closing at 25J^@26c.
for choice Western.
Brazil grades of coffee have had a more active distributing
sale- an advance in prices stimulating the demand. The
market for invoices has been active. A large business has
been transacted in coffee for shipment from Brazil on a cost
and freight basis and at higher prices. Rio No. 7 on the
spot closed firm at (STgc. Mild grades have been in active
demand and firmer, closing at 8l^c. for fair Cucuta. East
India growths have been in slightly better demand and
steadier. Speculation in the market for contracts has been
moderately active and prices have advanced on buying for
inves m-mt account, stimulated by the growing belief that
the Brazil crop has been overestimated. The close was
steady. The following are final asking prices;
Deo................ 5-70o. I M ar.................. 5-9no. l July ................ 605o.
Jan.............
5 -7 0 0 . A p ril............... 5*95o. ! Sept. ............... 6’15o.
F eb .................. 5-SOo. I M a y ................ 6 00c. I O ot.................. 6-20o.
Raw sugars have been quiet and easier, closing at 4%@
4 7-16c. for centrifugals, 96 deg. test, and 3/^c. for Muscovado,
89 deg. test. Refined sugar has been dull and lower, losing
at 5JeC. for granulated. Other staple groceries have been
firm.
Kentucky tobacco has been in moderate demand and
steady. S-ed leaf tobacco has been less active but about
steady. Sales for the week were 1,300 cases, as follows: 300
cases 1897 crop, Wisconsin Havana, 9}^®121^c.: 200 cases
1897 crop, State Havaia. ll@15c.; 250 cases 1895 crop, Penn
sylvania seed leaf. 13@13V^o ; 50 cases 1895 crop, Pennsyl
vania Havana, 131^c.: 150 cases 1897 crop. Dutch, 16@17c.;
150 cases 1897 crop, Gebharts, 14c.; 50 cases 1896 crop, New
England Havana, 30@40c., and 150 cases sundries, 6@16c.;
also 500 bales Havana, at 60@95c. in bonds, and 140 bales
Sumatra, at 85c.@$165 in bond.
Straits tin has been quiet and easier, reflecting weaker
foreign advices, closing at 18@18’10c. Ingot copper has been
dull and pricesareuncertain, closing at i2 % @ 1 2 % c . for Lake.
Lead has been in demand and higher, closing at 8-75c. Spel
ter bas been quiet and easier, closing at 5‘25@5-35c. for do
mestic. Pig iron has been in fair demand and firmer at
$10 25@12 00 for Lake.
Refined petroleum has been firmer, closing at 7'50c. in
bbls., 5c. in bulk and 8-25c. in cases; naphtha steady at
8-5 c. Crude certificates have been dull; credit balances
have advanced to $1 19. Spirits turpentine has been in fairly
active export demand and higher, closing at 42i^@43c.
Rosins have been dull at $1 40 for common and good strained.
Wool has been quiet and unsettled. Hops have been quiet
and prices have weakened slightly.
Receipts to
Dec. 16.
1898.
This
week.
8ince Sep.
1,1898.
Stock.
1897
This
week.
Since Sep.
1, 1897.
Galveston... 112,744 1,555,252 78,070 1,257,088
42,889
9,532
3,261
44,105
Tex. C.,Ao.
New Orleans 94,309 1,168,343 119,533 1,278,263
7,310 167,697 18,805 194,066
M ob ile........
512
5,408 111,230
52,0 J1
Florida.......
8avaanah... 35,387 745,178 59,203 768,610
Br’ wick.Ao.
9.431 160,295 10,911 125,202
Charleston.. 12,945 291,760 21,296 329,391
112
44,892
117
19,363
P. Royal,Ac.
Wilmington. 10,347 255,741 15,356 252,660
799
65
Wash’n, Ac.
47
1,007
N o rfo lk ...... 30,099 386,665 31,180 374,728
16,696
349
9,739
N’ port N.,Ao
649
New York...
2,153
57,123
6,792
26,058
Boston....... 13,317 130,556 12.337
81,871
Baltim ore. .
485
10,530
2,496
24,999
831
17,667
2,668
34,537
Philadel, &o.
1898.
1897
352,976
255,336
463,569
49,147
36L.990
45,721
127,111
20,009
69,378
157,453
7,426
47,750
18,880
26,969
87,936
1,500
89,913
28,0)0
16,222
6,863
80,574
968
98,869
33,000
15,732
8,698
Totals...... 338,873 *, 141.042 389,275 4,899,039 1,331,534 1.145,489
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons.
tItetip u at—
1894.
1897.
1896.
1895.
Galves'n, Ao. 116,008
94,309
New Orleans
M ob ile........
7,310
35,387
Savannah...
13,082
Chas’ton, Ao.
W ilm’ton, <feo 10,394
N o rfo lk .......
30,099
649
N. News, Ao.
A ll others...
31,655
87,652
119,533
18,805
59,208
21,404
15,421
31,180
349
35,719
76,909
100,030
17,611
43,978
17,323
11,119
31,997
1,185
23,968
44,311
81,798
7,433
23,786
19,342
5,908
16,365
9,168
14,672
8 5,105
111,216
14,82!
30,149
20,870
14,441
24,291
18,402
40,363
43,882
93,078
10,341
43,697
33,521
13,616
26,049
20,923
16,868
Tot. this w k . 333,873
389,275
3 27,175
222,783
359,693
291,975
1898.
1893.
8ince Sept. 1 5141,042 4399,039 4426,516 3,141,393 4823,391 3897,120
The exnorts for the week ending this evening reaoh a total
of 276,859 bales, of which 104,953 were to Great Britain, 41,931
to France and 129,985 to the rest of the Continent” Below
are the exports for the week and since Sept. 1, 1898.
Dec. 10,1898. From Sept. 1,1898, to Dec. 10,1898
1 Wttk Ending
Exported to—
Exported to—
Great France Conti lotal Great France Conti
lotal
nent.
nent. Week. Britain.
Brit’n.
262,242
231,859
1.118,087
Galveston..... 39,180 20,423 10,585 70,193 034,580
0,852
11,8)2
18,034
571
571
Tex. City, Ac..
New Orleans.. 13,873 13,019 27,399 54,291 330,472 119,548 228.351 714,371
8,071 97,147
83,470
Mobile..........
5,060 54,437 2,949 45,409 103,835
5,050
Pensacola.....
20,744
351,173
55,920
41,007
55,920
412,927
Savannah......
60,000 134,562
84.602
Brunswick__
110,040 158,224
13,575 13,575 ' 48,184
Charleston —
18,138
18,138
Port Royal —
124,725 229,942
14,495 24,009 105,2L7
Wilmington... 9.5U
13,150
300
11,170
300
21,320
Norfolk.........
3,531
16,735
10,735
N’norfc N., &o . 3,531
8,919 2.L80 4,088 15,187 118.575 11,791 90.800 230.100
New York.....
829 150,008
10,040 149,239
Boston ....... 10,640
300 30,937
90,247
300 3,040 11,379 63.010
8,033
Baltimore.....
10,390
201
10,390
201
Philadelphia..
3,814
15,111
18,925
8an Fran., &c..
Total ........ 104,963 41,921 129,985 270,851* 1,815,754 387,191 1,818,413 3,540.358
Export*
from—
Total, 1897..., 181,400 33,03ft 149,727 4l3.16Sll.0S5,017 441,802 1,290,349 3.293,798
THE
1268
C H R O N IC L E .
:
i Ifessra.
Lam Gut .*j Barrows. rrtalucw Exchange Building.
Otter | OiHUlt- ,
rirtai
0riSetim. Pra*%f€ 'Forcig n\ wife.. -
Total.
i stotk
31.815 28,7U 24.841 i 384 76,274 387, 95
Ortaaft*.
109,117 1 183,8^9
OijmtoB.
! 98,3X1 34,9-116i 29.693
Sav
......
i.OfiO 2*00 I 15.000 None. 21.000 j 1« 6,111
850 ! 24,630 ■ 44.749
OtoHtMtAB... . 15*080 j None ; 7,80o
20,000 Nooe. 5,000 j None. 35.000
24.147
18,936
Norfolk......... : Nod©. Non© None. 69,000 69.000
5,100 1 84.843
3.300 i nOO 1,300 ; None.
York ....
oo,474
Oflict pofti... 31000 None. 13.000 None. 41.000
ISAmi 1998. 184.306 , 66 820 101 634 78 361 431,121 900,413
Totte 1897..,.| 131,055 !31.465 133,795 28 413 314,728 88(>,"61
. - 13,709 ! 314,708 l 994,500
Total 189(5— 151.122 43.195
Simulation in cotton for future delivery has been moder
ately active, and the tendency of prices has continued
towards a higher basis. There has been some buying by
outsider* for investment account, and regular traders in the
main have been disposed to operate on the long side of the
market. Tin- strengthening factors during the week have
been the severe weather at the South, which has interfered
misserially with the picking of cotton and the smaller move
meat of t'ne crop, the receipts showings decided falling off
from those noted latterly. The more nervous short interest
m the tnar bv deliveries apparently has been largely
eliminated I y the recent buying, and prices for Jau
nt from the more dis
txnt deliveries. The advices from the Southern mar
keta have continued to report a good demand for actual
8 1®to 'g'. per pound above a
t at tty with k» al option basis. Reports as to conditions ex
(sting tn Hi* cotton goods trade have been of an encouraging
nature, demand being brisk at hardening prices, and they
have had a favorable hfinence upon values for raw cotton,
To day the market opeied easier under disappointing foreign
advice*, tnrn.-d stronger, recovering the early lose on contnoMl buying bv outsiders induced by the smaller move
ment of the crop. At the close, however, realizing sales,
i rodjptt d by the supply of cotton which came into sight tor
the wo k being larger than expected, and anticipated milder
weather at the South, weakened values, and final prices for
the day were 2 to 8 points lower. Cotton on the spot has
Wen <it:u-t and unchanged, closing firm at 5 13-16c. for mid
dling uplands,
Tii" rat- , on and off middling, as established Nov. 16.1893
by tii- Revision Committee, at which grades other than
ug may be iettvered on contract, are as follows.
Pair. . . . . . . . . — . . . _____o. l* «o n Good Ordinary........... o. li lflofl
Pair
............ .
on Good Middling Tinged....
Even
tHrletGood Hill tin ng. . . . . . .
Hi on Strict Middling Stained.... 7«Qofl
Good MlddUtur....... ........... ^jon Middling Stained........... 7iftOfl
strict Low scuttling........ s^off Strict Low Mid. Stained... 1 ofl
Low Middling.... ........
off Low Middling Stained.... 1^ ofl
Is rie i Good Ordinary.........
\ off i
0n thin b isH tho official urioes for a few of the grades fo:
th
UPLANDS.
ftood OrtiDArjr..................
Low SiddUsv... ....... .
Middling.........................
t»«*t Middling.................
Stlddilnf Pair...............
GULF
sac.
TIon T u n Wed Th. Fn
4\
4di
tA
43,
43,
ft>8 539
5%
538
513,, 513,.
! ’.?•
63 0 «*16 63,fi
Oil,* 61!,,
eit>« 6ui«
mow T op * Wed Th. Pri
Good O r A lim r i* ........... 5
5
5
5
5
5
Low HMAUnx ................... ft“a «»»
S«9 5«»
ft^B 5“s
Middling.............. ........ . «>)« 5‘t, S'i« Si
i,
0'1„
6*
IB
Middling ...... ...... ..
«b . 67jn
6T,
67.”
’l*l» «tS).
MMdiltur Fair ...... .. .... I«*‘
eti,. 6
«I5„ 6i«,n
HtTASmu
Sat. iffon Tti«> Wed Th. Fr»
Lv*r Middling.
47,
Vu
7
M’llilrir ....___.____ ......J { V
5% 5% 5*| 757
3g Jllfl
5*i
9\n.ri Middling. ........ ...... 6i*ta
*'#*,
Xlddlto* Tin*©d ........ *l*i* 5 1 tj < S»?,! 5>*„ 5l bft 51B(V
g»U
i ihng upland at New York o:
oh of the pj t 32 years have been as follows.
*4* ■*' 1|. |1890.^**04 QH
1383, ...0,10*1 |187 4.... 0 . 1 4 %
i **»* 5% 11*89....... JOi,«
1681......12
1 8 7 3 ............ 1 0 %
iis
I 1888...... . 9 *
1880....... 12
1 8 7 2 ............ 2 0
i*
1HH**»r,** lOr*n
128, i
*A
S’,
«*»!.
6S,,
6>t,«
Sat.
1871....... 10?8
1878,...... 8I*|6 1 1 8 7 0 ............ 1 5
1-085»***.»* W jk 1877....... U 7,g
I8 6 0 .......25%
1884....*.10 j‘ |# 1876....... 13 4
1868....... 25%
1 1883
1875,...... 13‘ „ i 1867....... 1 3 *
i tvitton ah ijuoU'd wore ciiangci
Middling
on that day quote
i Mfddl
*.** 5%
its
i*
MARKET AND
S ca t M u * mt 1
C w aco.
M a r k iit
OUMKO,
tLES.
IBalkh or S pot A OoKTBAOt
fo - 1 Qan- j Oon I
! p o r t rump. traci. 1Total.
I
i'^rTn.. . . . . . . . . * , (steady ......
l a y ......
T ■ M b '.
1—
X
O
»
>
|
l S l| S 8 fig »| s | |
3®
n ;
an u tifS in x tn »t> f o l k * hk » p o »
16 ni
Futures,—The highest, lowest and closing prices of
Futures at New York are shown in the following table.
2Ui
215
300
:<oo
107
7<»0j
807
310 1,500! 1,818
29 f
100
129
sun
6001 1,300
1 1,4691 3.100 i 4,865
1\ i ' j ; f i 1
1 a
-j-n
too
i 9
«co
II
Bange .........
Cloftlng.......
Ju l y —
la »4<li(! >u to above expom, oar telegrams to-night also
g'.tc ui ttin foil iiringamounts of aotton on shipboard, not
cleared, At th<> !*■>«■* named. We add similar figures for
[V ol. L X V II
O. , OOt 13*01
-1 1 -3-1 -3 31
O,
C»
C
•# 1 s
1 a
«£ 1 0 *0 0*01
-1 '
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3 -4-4
rf* O —to
to
t>
g
71
S
r
w
3 g w > g »| g »
Ssg
—
70 jr sc g
f g S 1 *5 3
1 “ -*5 3 — p —
C® 1 S® c ®
a a> 95
rE •® J*5
. l a . -CK! '
• pj
?*:
■* * * • *
: i
i ; 1 * | 'ji-T
0 *0 *
OO*
0 *0 *
oca
00
bo*
occ
1 O' o*
bo
t-*rS>
0107 O' 07
o>d* 0*01
OO* O'OI
i 9
0*01 O'O*
0 *0 0 *0 *
-3 0 -4-4
0 *0*
bo
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bo
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O'OI 0 *0 *
ob» 0 b
oco CC- B
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b b 0 *0
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OO OtO* O' 0*
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o w CCC t-*C
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t—
o>m
1 **
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ot O' 01 o*
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did OO
c> 0 if*-W
d | 1*
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ad. ct>©
-3 00 0 0
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1^
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on
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o*ot
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(iAM
1 SI
cno*
-4—1
aa
0*0*
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s
0 *0 *
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to to
0*0*
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0*0*
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0*0*
bb
o» to
1 S'
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OO
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O'OI
b»bt
—
3if=1 fe 1 4
0*0* CRCPI
b o b»b
to to CC'O
0*0*
0*0*
d*di
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1»
070*
bo
0 ©
0*0*
bo*
O'OI
bib
IS. to CDC
! 6
19
0*0* O'OI
ob bb
OC05 COP-
00
-4-4
i a
C."Ot 0*0 *
©©
CC©
0 *0 *
00*
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1 5
0 *0 *
d»b»
©QC
1&
O’ O*
O'O*
O'O*
cow
!. SJ
OIOI
o»dt
)^-4
070*
tote
1®
O'O'
0*07
wo
I Cf
' C5
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1
4 1^
10
o*
1 b* I CJi
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1
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to
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a
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001
O’ O* CPOt (? t
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1 & 1& 1 a
0 *0 * 0701 9* 1
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-J© 0
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0*01
blot
to to
1@
cnot
oibt
CO—
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O'OI
d* d*
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0 *0 * 0 *0 * 0*0 * o»o> 0 *0 * O'O* O' O'
OO o b 0 07 oib 0 *0 *
Off if* 0 0 -4ul coo: t- to I- 1 H ©to
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1 Rt
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1 9
l a
1 ©
0 *0 * 0 0 1 O'OI 0 *0 * 0 to* O'OI cpoi
00
OO Cab 0*0* otb o*o»
3. —0 * cc-o »fcCD tow to© to OI
o*o» O'O' O'OI 0*01 0*0* 0*01 O' CP
OO a o bo* o*o« 0*0* O'OI
-4 0* (fr-i- -CO -3t^ 01 *- oto in*1 Ql - 9 1 tv 1 © 1 d 1 <9 1 a
OtOt O'Cf O' O' O'O' 0*0* 0107 O' ,
0-4 b b b o b b O’ O* O'CP d* '
fXC O' Cfj 10rfA CO© -30 -400 0
0*0* 0101 0*0*
-3-4 0 0 005
t- xoo O'OI
1 © 1 S 1 8!
0*0* 1 ^ 0101
-3-3 ' -3 0 0
too*
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1
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It*
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1a 1s
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8 ?
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s:
15
Ch
The V isible Supply of Cotton to night, as made up by
cable and telegraph, is as follows. Continental stocks, as well
as those for Great Britain and the afloat, are this week's re
turns, and consequently all European figures are brought down
to Thursday evening. But to make the total the complete
figures for to-uight (Dec. 16),we add the item of exports from
the United States, including in it the exports of Friday only.
1898.
1896.
1895.
1897.
.1,153,000 726,000 856,000 965.000
Stock at London.,
5,000
9,000
5 ,0 0 0
5.000
.1,163.000 731,000 8 6 1 ,0 0 0 970,000
13,000
8,000 17.000
2 1 .0 0 0
Stock at Bremen ............... 2 7 9 ,0 0 0 233,000 170,000 211,000
Stock at Amsterdam__
1,000
6,000
3,000
7,000
Stock at Rotterdam....
200
200
300
200
Stook at Antwerp.......
7,000
8, >00
9 ,0 0 0
16.000
Stock at Havre... ............. 187,000 184.000 1 5 7 ,0 0 0 277.000
Stook at Marseilles......
4,000
4,000
5,000
4,000
Stook at Barcelona.....
. 30,000
51,000
43,000
65 000
Stock at Genoa ... .
. 3 9 ,0 0 0
16,000 24,000
36 000
Stock at T rie s te ............
10,000
4,000
15,000
16 000
Total Continental stocks . 670,200 611.300 451,200 653.200
Petal European stocks....1,733,200 t,24,2,800 l,316,20o 1,623.200
India oottos afloat for Europe
2 1 .0 0 0
1 2 .0 0 0
43,000 51 000
Amor, oottnuafloat for Europe. 908,000 902,000 679,000 523,000
Egypt, Brazil,&o.,atlt.f(*F/pe 53,000 6 8 ,0 0 0
6 8 ,0 0 0
8 2 ,0 0 0
Stock 111 United States ports..1,3U,534 1,145.489 1,809,266 1,013,012
Stook in U. 8. interior towns..
718,080 639 324 575.781 585.332
United States exports to-day..
84,048 74,592
75,329 23,835
Total visible supply.......4,848,862 4,083,705 4,086,6 Id 3 931,379
Of the above, totals of American and other descriptions are as follows:
American Liverpool stock......... bales. 1,059,000 620,000 722,000 818 000
Continental stocks ............ 522,000 471,000 371,000 587,000
American afloat for Europe... 908,000 902,000 6 9,000 523,000
jjnited States stock............ 1,331,534 1,14\4S9 1,309,266 1,073,012
United States interior stocks.
718.08u 639.324 575,781 585,332
United States export* to-day..
84.043 74,592 75.329
23,835
Total American... ..... . 4,622,662 3,852,405 3,732,376 3,610,179
Bast In d ia n , Brazil, .I c .Liverpool stock............. .
99.000 106,000 134.000 147,000
Loudon stock...............
5,000
5.000
9,000
5,(00
Continental stocks.......
48.200 40,300
80,200
66,200
Iudia afloat Jor Europe....
21.000
12,000
43.000
51.000
Egypt. Brazil, Ac., afloat...,
53,000 68,000
68.000
82 000
Total East India, Ac...
2 2 6 ,2 0 0
231,300 334,200 351,200
Total American........ ...4,622,6«2 3.852,405 3,73^,376
3,610.179
ytstl)1* -apply...- 4,S48,Sua 4,eS3.?0i 4,006,576 3,961,379
M
UplnuA. Liverpool-.
3>«d.
3 S>, d.
'
4lS*3«Ld.
4*1«d.
Middling Upland, New York., 513,,o.
8&ieO.
73,, o.
Egypt Good Brown, Liverpool
5qd.
4^d.
6Rifld.
511,«d.
Ferny. Rough Good, Liverpool
a-VL
63ad
67ifd,
65,fcd.
33,.d
3 Lid
Broken Fine, Liverp ool.........
4%d.
4%2d.
Tianevelly Good, Liverpool...
8'li«L
3"led.’
4%(L
4^d
. :• lli" imports into Continental ports the past week have
been 112,000 bales.
iho above figures indicate an increase in the cotton in
sight lo-mght of 765,157 bales as compared with the same
date of 1891 , a gain of 782,283 bale* over the on-responding
date of 1896 and an excess of 887,488 bales over 1895.
THE
D ecember 17, 1898.J
1 _69
C H R O N IC L E
Qu o tatio ns fo r M id d l in g C otton a t Oth e r M a r k e t s .—
A t th e I n te rio r T ow ns the movement— that is the receipts
Below are closing quotations of middling cotton at Southern
•for the week and since September 1, the shipmente fo r th
and other principal cotton markets for each day of the week
week and the stocks to night, and the same items for the
'LOSING QUOTATIONS FO B M ID D LING OOTTON ON—
corresponding period of 1897 —is set out in detail below.
®I
s
1 ®g
> 2-o
a jj-e ® s g fis
ill!
SrS srowe g f J.|£‘g a g g g g S ||
S-“ 5
SS.O
gg
S'
3
►3 13000
tgg
•
g j>
H
O
s*
5 loS
of
3>o
2 z
“2 ^ '
>• o
-s a
CD O
CD-i
5=
5 Sg
^25
>
:Bg
>
—< —, —. —
f - _•
© *3 to ^ M t i COX
b w a M C n f f i ' l < l b x ' - o V * « ) '* 0 — © l o
© I-*^ to © h* iu © Zj © * to
(O H
tO JOJO^- jr*
10V s V t t 09 '1 © COCD7C©
x co ^ «o c* 9 © CO -j © tc ^
C D 5 'w '® & 5 H tO ® H © X ^ i O X '^ C '- * - © © * -
QC
lik
© CO
r"
C-J—
—
(ft ^
»s
^ -
r-
© (ft
to
(ft
s
: 3 o i © £ m © <3 * © ^ C 0 © X © O « ^ * * • * » © © * > »C O C O © W C O © c O «*> ©
**? }> ***
©
i-,-*
-J »Q *c M — » o 00 ©
J- 4— M tc <1 rfk.
I
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M o v e m e n t to D e c e m b e r 17, 1897
R eceipts.
to
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CO
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§
i g f
a* So 3
S'
s ~
•S 8
5 s-
The above totals show that the interior stocks have in
creased during the week 8,411 bales, and are to-night 78,756
bales more than at the same period last year. The receipts
at all the towns have been 16,032 bales more than the same
week last year, and since Sept. 1 they are 643,922 bales more
than fo r the same time in 1897.
Ov e r la n d M ovem ent fo r th e W e e k and Sin c e Se p t . 1.—
W e give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports received Friday nigbt. The results fo r the week
ending Dec. 16 an d since Sept. 1 in the last tw o years are
as follows.
1898.
D e c e m b e r 16.
W eek.
S h ip p e d —
V ia tit. L o a l s ...............................
V ia C a i r o ..................................... .
V i a R ook I s la n d .........................
V ia L o u is v ille .............................
V ia n h e r r o u t e s , A o .................
T o t a l g r o s s o v e r la n d ........... .
D e d u c t s h ip m e n ts —
O v e rla n d to N . Y ., B o s to n , A o . .
B e tw ee n In te r io r t o w n s ............
In la n d , &c., fro m S o u th .............
S in c e
Sept. 1.
57,526
19,440
435,913
171,207
2,326
5,927
6,098
6,107
1897
Week.
S in c e
Sept. 1.
31,699
54,446
47,811
72,191
36,018
16,335
908
3,574
6,234
6,391
5,988
420,923
167,368
7,499
19,910
41,231
45,618
65,588
97,421
813,217
75,448
768,037
16,816
848
1,140
215,876
9,730
19,402
24,293
72.H
1,423
167,465
10,938
16,804
T o ta l t o be d e d u o te d ............
18,801
245,008
26,449
195,257
L e a v in g to ta l n e t o v e r la n d * ..
78,620
568,239
48,999
572,780
* In c lu d in g m ove m e n t b y r a il to C a n a d a .
The foregoing shows that the week’s net overland movement
this year has been 78,620 bales, against 48,999 bales fo r the
week in 1897, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago o f 4,541 bales.
1898.
I n S ig h t a n d S p in n e r s 1
T a k in g 8 .
Week.
S in c e
Sept. 1.
1897.
W eek.
S in c e
Sept. 1
R eoeip ts a t p o rts to Dee. 1 6 ..
. 338,873 5,141,042 339,275 4,899,039
568,239 48,999
572,780
78,620
N e t o v e r la n d to Deo. 1 6 ...............
400,000 24,000
348,000
S o u th e rn c o n su m p tio n to Deo. 16 26,000
T o t a l m a r k e t e d ........................ 443,493 6,109,281 462,274 5,819,® 19
591 248
8,441
613,961 26.061
In te rio r s t o c k s in e x c e s s .............
C am e in t o s i g h t d a r i n g w e e k . 451,934
488,335
6,723,242
6,414,067
T o t a l In s ig h t D e c 16.............
N o r t b 'n s p in n e r s t a k ’g s i o Deo. 16 121,341
975.358
S a tu r.
M on.
lu e s .
5%
5>s
51,6
5 i«
5is
5%
57ig
5q
5*6
518
5q
5q
5Sa
513ls
5=8
57,*
sq
51s
sq
5q
5q
5%
513,6
5=8
s l 16
511,6
55,8
5%
57,S
SIS
5%
5 l3 n
5%
61,6
511,6
5 5 ,,
53s
53s
53g
53s
511,6
55,6
5%
53a
513
5%
W ednes.
5q
514
518
518
5q
5q
57,6
513,6
5\
She
511,6
530
533
57,6
5ia
512
T h u rs .
51s
5q
53,8
510
5q
5q
57,6
51-3,6
5%
610
5%
53s
53a
51s
5ia
5*3
F r i.
513
sq
53,6
5q
5q
sq
57,8
513,6
5%
®116
53s
538
5q
5q
oq
The closing quotations to-day (Friday) at other important
Southern m i-kets were as follows.
© © -O <J r-t £. M © —* tO to fcOCOtO *GCOCOV* COi»* *- — © Cfl eO — © •——
■ ^ X X ^ C n O t O X © © ^ X *«■ ftljUJCCDj^ A X W M COO
wi *- CO
%
- 1© coVi ©ci coIc wL*'©Lt
© © to’© m tab * «ow cslo* bo
©-s!i-*©©CDOtfcO©#**©®®'JX'^©~J©3i^*b3'5®CD©tOO‘ >—©Vi
Dec. 16
G a lv e s t o n ...
N e w O rle a n s
M o b i l e ........
S a v a n n a h ...
C h a rle sto n ..
W ilm in g ton .
N o r f o l k .......
B o s to n .........
B a lt i m o r e . .
P h ila d e lp h ia
A u g u s t a ......
M e m p h is ___
St. L o u i s ___
TTOUStOU.......
C in c in n a t i..
L o u is v ille -..
85,418 1.072,125
A m e n s ---------At. a n ts ........
Uh arlorre
O oiniuboe. <4a.
| Coln in bu a, M iss
sq
s q : 1 E n f a u l a ..
53g
Tattle R o c k . .. .
M o n t g o m e r y ...
5H
5%
5616
5
sq
sq
51,6
sq
51,6
Reports to us
evening by telegraph indicate that in ge neral the weathei
has been unfavorable during the week. The temperature
has been much lower as a rule, and at most points rain has
fallen. As a result of the adverse conditions but little prog
ress has been made in g tth s ria g cotton. The marketing of
the crop has bten interfered with to some extent by bad
roads.
Galveston, Jexas. —Rainfall tor the week one inch and
twenty-five hundredths, on six days. Average thermometer
41, highest 54 and lowest 28.
Palestine. Texas.— We have had rain on tw o days of the
week, to the extent of one inch and fourteen hundredths.
The thermometer has averaged 29, the highest being 44 and
the lowest 14.
Corpus Christi, Texas.—W e have had rain on three days
during the week, the rainfall reaching seventeen hundredths
of an inch. The thermometer has averaged 44, ranging
from 28 to 60.
San Antonio, Texas.— There has been rain on four days of
the week, the rainfall reaching forty-four hundredths of an
inch. Minimum temperature, 20.
Neie Orleans, Louisiana.— The week’s rainfall has been
twenty-eight hundredths of an inch, on one day. A verage
thermometer 40.
Shreveport, Louisiana.— We have had rain on one day of
the week, to the extent of seventy-one hundredths o f an
inch. Seven inches of snow on Friday, the 9th. The ther
mometer has averaged 33, the highest being 50 and the lowest
18.
Columbus, Mississippi.—Cold weather has retarded picking
There has been no rain during the week. The thermometer
has averaged 42.
Leland, Mississippi.—Very little cotton has been picked
the last two weeks, as a result of rain and cold weather.
There has been rain during the week, the rainfall reaching
twenty hundredths of an inch. The thermometer has ranged
from 16 to 57, averaging 31T.
Meridian, Mississippi.—Unpicked cotton is said to have
been abandoned. Farmers are turning cattle into the fields.
Rain on three days. The thermometer has ranged from 14
to 45.
Vicksburg, Mississippi.—Bad roads are curtailing receipts.
It has rained on one day of the week, the rainfall reaching
seven hundredths o f an inch. There are prospects o f more
rain. Average thermometer 36'8, highest 53 and lowest 22.
Little Rock, Arkansas.— W e had no rain during the week.
The thermometer has averaged 32, the highest being 49 and
the lowest 15.
Helena, Arkansas. - The weather has been too cold for the
gathering of the crop. Last year farmers picked their cot
ton and did not gin until later. This year ginning has kept
close to picking. Dry all the week. The thermometer has
averaged thirty-one, ranging from 13 to 48.
Memphis, Tennessee.— W e have had snow on one day of the
week, the precipitation from which reached two hundredths
of an inch. The thermometer has ranged from 14 to 47-8,
averaging 30'5.
Nashville, Tennessee.—There has been rain daring the
week, the precipitation being eight hundredths o f an inch.
Average thermometer 30, highest 48 and lowest 10.
Mobile, Alabama.—Very bad weather prevailed in the in
terior during the early part of the week, and cotton picking
has been seriously interrupted. We have had rain on three
days during the week, the precipitation being one inch and
thirty-six hundredths. The thermometer has averaged 39,
the highest being 56 and the lowest 25.
Montgomery, Alabama.—There has been rain on tw o days
of the week, the rainfall reaching one inch and forty-one
hundredths. W eather very cold until to-day. The ther
mometer has averaged 34, ranging from 20 to 48.
Selma, Alabama.— Continued bad weather has delayed the
gathering of the crop. It has rained on three days o f the
week, with rainfall to the extent of one inch and thirty-six
hundredths The thermometer has ranged from 15 to 51,
averaging 37.
«
W eather
R eports
b y
T e l e g r a p h .—
N a s h v ille . . . . . .
N ato h ez.. . .. ..
R a l e i g h ....... .
R h r e v e r o r t .. ...
THE
1270
[V ol. LXVII.
C H R O N IC L E
E u r o p e a n C o t t o n C o n s u m p t io n to
D e c e m b e r 1 .— B y
5,
j >!■.. u'carfiia,—It haw rained on tw o days o f th
Wt<\. the rainfall retching forty-three hundredths of an cable to-day we have Mr. Ellison’s cotton figures brought
ta.-h
Toe thermometer has averaged 41, ranging from 31
down to December 1. W e give also revised totals for last
that comparison may b ) made. The spinners’ takings
in a c t u a l bales and pounds have been as follows:
year
to 48.
{ w ; ::/Sui, Ororgia. —Cotton is being firm ly held, W e nave
r a i o o a t w it J a v a of the week, the r a l a fall reaching
G rea t B r i t a in .
tw eatr aian hundredths o f an Inch. The thermometer has
C o n tin e n t.
O ctob er 1 to D e c e m b e r l.
T o ta l.
ranged fro ® 2 i to 51. averaging 37.
F o r 189 8.
O.
S'nth Carolina.—W e have had rain on three
602,000
624,000
1,226,000
tl»vs th.* jkm? week, the precipitation bsing sixteen bun- T akin gs b y sp in n e rs ...b a le s
497
490
493*4
dr- tth« of an inch. Average thermometer -11, highes t 50 and A v e r a g o w e ig h t o f bales lbs
299,194,000
305,740,000
6 04 ,9 31 .0 0 0
lowest 39.
Slatrtwrj, South Carolina.—Wo have had rain on one day
F o r 1897.
daring the week, to the extent o f eleven hundredths of an T a k in g s b y sp in n e rs.--b a le s
561,000
612,000
1.173,000
inch, and a trace of sleet on one day. The thermometer has A v e r a g e w e ig h t o f b a le s.lb s
502
503
502*5
averaged 3? 3, the highest being 53 and the lowest 20.
281.576,0
‘0
307,946.000
T a k in g s iti p o u n d s...............
5 89 .5 22 ,0 0 0
iiret n-tciMxl, South Carolina.—It has been dry all the week.
The 1olio wing statement we have also received by telegraph,
According to the above, the average weight o f the deliveries
showing the height of the rivers at the points named at in Great Britain is 497 pounds per bale this season, against
S o’clock December 15, 1898, and December 16, 1897.
503 pounds during the same time la3t season, The Continental
deliveries average 193 pounds, against 503 pounds last year,
I)e x , 15. *98. D ee. 16. *97.
and for the whole of Europe the deliveries average 493*4
Feet.
F eci.
pounds per bale against 593*5 pounds last season.
Our
i*7
2-9
dispatch also gives the fu ll movement for this year an 1 last
4*6
7*0
...A b o v e xero of g a u g e .
rear in bales of 500 pounds.
2*6
8*4
...A b o v e eero of gauge.
had
*2*0
3*1
1*5
10*5
. .A bo ve sore of g a u g e .
ViCilteBarg............ . ..A bove sere of gauge.
* iieiow *o ro o f g a u g r.
f r o m a l l P o r t s .— The receipts
cotton at Bombay and the shipments from all India ports
for the week ending Dec. 15, ana for the season from Sept. 1
to Dec. 15 tor three years have been as follows:
In d ia C o tto n M o v e m e n t
Oct. 1 to D sc, 1.
Bales o f 500 Lbs. each.,
000s o m itte d .
C o n ti
n e n t.
Spiuners* stock Oot. 1.
T a k in g s to D e c. 1.......
108,
598,
493.
611,
S u p p ly .........................
Consumpt-’n, 8 w eeks.
703,
536
1,104.
720,
S p iu n e rs’ stool; D eo. 1
170-
of
1898.
Week.
Sept. 1.
Week.
203.000
25,000
I 51,000
G rea t
B r it a in .
B oth b a y —
1898 . . .
189*7.......
1S9G.......
0*1 m m a —
1 8 9 8 ......
1W 7
1 BOB____
M a U ra a —
1 * 9 * ......
1 8 2 7 .......
1 8 8 6 .,.
AH
1 8 9 # ......
1 8 9 7 .......
189B .
Tosal a l l 1 8 9 8 .....
1 8 8 7 .,,.
1890 . . .
According
to
S ep l. la
42,000
T o ta l.
5,000
2,000
12,000
5,000
2,000
12,000
2,000
3,000
3,000
3,00?
G rea t
B r it a in .
230,000
C o n ti
n e n t.
1,000
........
i.b o o
83.000
S in c e S e p te m b e r 1.
O o n iineat
......
1,000
Week.
Sept. 1.
F o r (A * Week,
fro m —
1896.
1897.
K * t t i p u «< —
T o ta l.
2,000
38.000
17,000
91,000
39,000
17,000
93,000
2,000
2,000
3,000
10.000
5,000
9,000
12,000
7,000
12,000
2,000
2,000
9.000
9,000
5,000
10,000
11,000
7,000
19.000
2,000
1,000
4.000
7,000
10,000
35,000
18,000
28.000
39.000
25,000
38,000
8,000
4.000
15,000
8,000
4,000
10,000
9,000
11,000)
24,000
92,000
45,000
138,000
101,000
56,000
162,000
the foregoing Bombay appears to show an
Incrto-ir compared with last year in the week's receipts
of
20,000 bales. Exports from all India ports record a gain
of f.Ooo bales daring the week and since September 1 show
an excess o f 45,000 bales.
A l e x a n d r ia
R e c e ip t s
S h ip m e n t s
and
C o t t o n .—
op
Through arrangement * we made with Messrs. Davis, Benachi
& Co., o f Liverpool and Alexandria, we now receive a weekly
cable o f the movements of cotton at Alexandria, Egypt. The
foil*.wing are the receipts and shipments for the past week
an d for the corresponding week o f the previous tw o years.
A le x a n d r ia , B g y p t,
ttexs m t x r 14
1693.
ll*ic*,ipLe fc aa ta r** j ,. *
T b l* v w l t
S in e* jMxpfc, 1
1897.
[
1896,
!
260,000
3,059,000
300,000
3,381,000
i
T h is ! 8 in<f.
T h is | S in c e
v »t * k . j Sept. 1* 1 w J c . ! 8 € p t . l.
K *p o rta (b a le e )—
T » U ivA fp o n i.. . . . . . . 12,000 122,000
TO Conti iw s n tf.....*. 14,000 121,000
280,000
3,415,000
1
ThU
tceefc
8<nC€
Bept. )
i
a ,o o o l i i . o o o
10,000 131,000
14,000 168,000
14,000 124,000
T o ta l f e o w jg y .,,4 . 20 000 2 43.000 2 4.0001272,0001128,000 292.000
t O f wjiieh i<i A m en a * In ISOS, 7 ,3 H
la
bains;
In 1887, 16,496 b a le s ;
13,721 hale#,
M , •.-••‘tv, - rest* d vREST.—Our report received by cable
ton igh t from Manchester states that the market is quiet
for yarns and steady for shirting*. Stock* of goods are
decreasing. We give the prices for to-day below and lea ve
tIuxm* for previous weeks of this and last year for companreo n .
1*97.
1896.
i t * . H h ir l‘ \OoiCn
f t i Oo t . t « # i , c o m m o n ) M id .
jw t t i.
to f in e s t .
[ T fp id t
e,
1 4
4. t* A
S v A l 5 »s«
4 0% 9(?
** m **.»,. «e*>» 4 0 1 *9 0
** s a t e * , * « » . 4 1 r n
2 »»•
4 1 96
'
Si
S fit j 4 1 « 6
♦' t 0 5%
4 1 96
d
7%
8 ;
8**
»
;
9
9 1
d.
3
snM
31m
|i|
3?>3
3%
32s 0 op .
T w ist.
B'tlbt.
S h ir t- O olC *
4npi, c o m m o n M id .
to fin e s t.
r/puu
d»
a. d.
«7 b , 4 1
1 1
5 > »e it „ 4 1
fti/ is -a iA ,, 4 1
54, • 0 ’ , 4 1
5U
„ 4 1
d,
8
» . d.
d,
90 8
: w J»2
»0
7»s
# 0 7ia i ; 06 8
3*4
06 8
0 6 7bt 3a,fl
1897.
G reat
B rita in
T o ta l
601
1,209,
31.
Com neni
183
563
616,
594
520
799
1,256
5 54
74
1,810
384
T ola214
1 .1 79 ,
638.
1 ,3 9 3 ,
1 ,2 08 ,
111.
18 5-,
W eekly C o n su m p tio n .,
00s o m itte d .
I n O c t o b e r .......
In N o vem ber
67,0
90,0
90.0
67.0
157,0 ,
157,* 1
65,0
65.0
86,0
86,0
151,0*
1 51 ,0
J u t e B u t t s , B a g g i n g , & c .— The market fo r jute bagging
has been very quiet the past week, the season being about
over. Quotations are lower, the close to-night being at 5% c.
for 1% lbs. and 6}£o. for 2 lbs., standard grades. Car-load
lots o f standard brands are quoted at 6>£c. fo r \% lbs. and
lijoC. fo r 3 lbs., f. o. b. at N ew York. Jute butts continue
very dull at *90c. for paper quality and l % o . for mixing.
Do m e s t io
2,000
1,000
1898.
G rea t
B r it a in
E xports
of cotton
M
a n u f a c t u r e s .—
W e g iv e
below a statement showing the exports of domestic cotton
manufactures for October and for th e ten months ended
Oct. 31, 1898, and for purposes o f comparison lik e figures fo r
Che corresponding periods o f the previous year are also
presented;
jiH in tilic* (j/ M anufacture* o f Oot- M onth finding Oct. 31. 10 mos.endiny Oct. 81,
>an ( colored and uncolored )
exported to—
1897.
1398.
1898.
1897.
United K in g d o m ......... , ......... yards
France— .....................................
"
U e rm a n y ..... ............................
**
.)! her countries in E urope__ “
‘i rltiBh N orth A m erica..........
**
'an tral A m erican States and “
British H onduras................
M e x ico .... .......................
Santo D o m in g o ......................... '*
563,4.1?
13,103
*2.418
711,303
1,165,627
"081,100
303,534
1; 3,094
Puerto H lco.......... ................... "
52.983
Other W . Indies & Berm uda.. “
1,172,556
242.194
\rgentine R ep u b lic.. . . . . . . . . .
•*
3raxII ...........................
11
772,20?
632,081
United States o f C olom b ia...
Other cou n tries in S. A m erica “
M 74.7«4
China........ .........................
**
ll,7ro.213
558,291
British "Bast Indies.................... “
H ong K o n g ..............................
90,772
47,206
J a p a n .... -...............................
“
141.410
8 n t. P o sses’ns in A u stralasia “
Other A sia and OooanlCB__ “
3.279 503
806,*t69
A frica ..........................................
Juba............................... .
Other co u n tries...........................
*'
T o ta l yards o f a b o v e .......
Total v alu es o f a b o v e........
Vain© per y a r d ........................... .....
faUue* o f other M a n u fa ctu re* of
Cotton exported to —
United Kingdom ............................
France...........................................
Germany........................................
it her countries In Europe...........
British North Am erica.................
Centra! Am erican States A British
Honduras........ ..........................
M exico........ .................................
3anto Dom ingo.............................
Cuba........ .....................................
Puerto R ico...................................
Other W , Indies and Bermuda......
Argentine R epublic................ .....
Brasil......................... . . .. ... ... ..
United States of Colombia..........
Other oountrles in Bo. A m erica...
8,827,003
7,559,834
3O,04>
000,352
i 09,208
259,915
1,288,010
158.469
1,192,41?
817,916
5B7.WS 15,280,370 13,371,830
S00,635
9,15b,0l9
8,340,611
804,616
403.869
0,038,770
205,975
2,706,838
249,002
30,468
1,200
01,408
1,353,375 1O.PO1.804
110,D2z
2,039,751
746,135
7,o?l,9y.l
542,938
6.081,602
2,O0£>,8flr 26,414,940
3,80 7,MhO 131.1 38,000
1,507.10,
0,006,812
33,115
428,118
-600, ’63
900
81,549
1,3^9,293
2.312.542 24,8?6,10S
2,033,002
8,660,2,19
17,189
59,895
4,907,142
1,3 J0,013
190,844
64,877
11,050,026
1,448,268
0,596,156
5,185,750
19,0.1,762
12t,675,022
6.004.898
101,344
2,398,945
683,082
18,247,940
16,717,310
27,589,895
18,253,38 28.8,705.974 252,904,015
11,800,403
1*0472
$923,54» $12,762,1 •*: $13,119,565
$*0475
$*0504
$*0518
$80,291
938
11,562
11,433
152,639
17*002
$25,238
102
11.047
6,658
128,4 20
6,02)
$346,849
4.807
147,294
67,69(1
1,535.206
182,832
$380,209
6.662
211,520
37 471
1,308,780
177,141
British Australasia,................. .
80,564
2.976
2,076
1,047
10,652
6.07fi
8,eoe
4.000
4,960
1*18
497
3,103
10,538
27,507
940
555
191
8,793
1,430
A,294
2.448
1,436
239
102
1,130
11,110
309,li*l
18,854
14.100
1,878
83,524
37,740
31,875
33,135
30,870
14,516
2,070
14,921
148,230
249,649
18,518
14,247
2,499
71,118
40,493
48,672
42,000
36.899
18,318
1,977
7,400
119,005
A fric a ...... ..................................
Other oountrles.............................
17,461
5,653
39
24,660
2,80*<
32
285,017
05,443
4,930
257^791
50,386
5,743
British East Indies...... .............
Hong Kong ... .........................
Other countries in Asia anc
Ocean le a ...................... ...............
Total value o f other manufac
$204,794 $3,390,042 $3,143,158
tores o f . . . . . . . . . . . . . . ..........
, $327,900
; Aggregate value o f all cotton go-odt 1 $1,028,303 U .188,885 $10,152,704 $10,202,723
December 17, 1S9S- J
THE
1271
C H R O N IC L E .
A t j g c s t a ( G a . ) S t r i k e .— A s t h e s t r i k e r s r e m a i n f i r m , a l l
a tt e m p t s to r u n th e A u g u s t a ( G a . ) m ills h a v e b e e n a b a n
d o n e d fo r th e pre se n t.
I t is sta te d t h a t o p e ra tio n s w i ll n o t
b e re s u m e d u n t il th e o p e ra tiv e s a re w i l l i n g to r e t u r n a t th e
r e d u c e d w a g e s c a le .
S a tu r .
M on.
T ues.
W edn es.
T hu rs.
F r i.
....
Liverpool, asked.d.
. . ..
....
....
....
....
301
301
301
301
301
Do
Ja n ..d .
301
401
401
40t
401
401
401
H avre................. c.
35t
35t
35t
35t
35t
351
Bremen.............. e .
35t
35t
35t
351
35'
Hamburg........... c .
351
37*01
351
351
35'
35t
Amsterdam........ c. 37 X4.1
501
501
501
501
501
Beval, v. Hamb..e.
50t
441
44t
441
44t
44t
Do v. H u ll...c .
44t
35t
351
351
Botterdam......... e.
351
85i
35*
Genoa, J a n ........ c. 40W42I 40®421 40®421 40'2>42i 40@421 40®42t
421
421
42t
42t
421
Trieste, J a n ...... e.
42t
Antwerp............ d .
632
632
“ 32
B32
532
“ 32
Ghent,v. Antw ’p. d .
S16
3ie
S18
31«
3ie
S h i p p i n g N e w s .— A s s h o w n o n a p r e v i o u s p a g e , t h e
e x p o r t s o f co tto n fro m th e U n it e d S ta te s th e p a st w e e k h a v e
r e a c h e d 276,859 b a l e s .
T h e s h ip m e n ts in d e t a il, a s m a d e u p
fro m m a il a n d t e le g r a p h ic re t u rn s , a re a s fo llo w s :
T o t a l b a le *.
S e w Y o r k —T o L iv e rp o o l, p e r ste am e r C y m ric, 7 ,7 8 0 ..............
7,780
T o H u ll, p e r steam ers C o lo ra d o , 131 u p la n d a n d 250 S ea
Is la n d ___ M a ss a p e q u a , 135 u p la n d a n d 200 S ea I s l a n d ...
716
T o M a n c h este r, p e r ste am e r S a llu st, 338 u p la n d a n d 85
423
S ea is la n d ............................. .................------------------------ ;•••/•
T o H a v r e , p e r ste am e rs L a G a scogn e, 1,301 u p la n d a n d 240
r C e n ts n et p e r 100 lb s .
Sea I s la n d ___ S tratlilev en , 639 u p la n d ..................................
2,180
L i v e r p o o l .— B y cable from Liverpool we have the fo llo w
T o B re m en , p e r steam ers S aale, 2 5 7 ----- W e im a r, 2 ,3 8 1 ----- 1 2,638
T o B a m b u rg , p e r ste am e r Phoenicia, 4 0 0 ...............................
400
ing statement o f the week’s sales, stocks, &c., at that port.
T o R otte rd a m , p e r ste am e r R o tte rd a m , 1 6 4 .............. ............
164
T o A n t w e r p , p e r steam ers A r a g o n ia , 2 C 0 ------ B ritish
D ec. 2
N o v . 25
D e c. 9
T r a d e r, 2 0 0 ...................................................................... - - - - - ^00
T o C o p e n h a g e n , p e r steam e rs G e o rg io s I., 2 6 3 — T h ln g v a lla (a d d itio n a l), 223............................................ - ................
486
70,00(.i
65.000
Sales o f the w e e k _____..b a le s .
69.000
67.000
N e w O r l e a n s — T o L iv e rp o o l— D e c. 13—S te a m e r N a v ig a t o r ,
O f w h io h e x p o r t e r s t o o k ...
4,300
1,000
4,500
2,500
4,869
D eo. 14— Steam er T r a v e lle r, 6 134 ....................... 10,953
10,300
6,600
O f w h ic h sp ec u la to rs t o o k .
2,800
2,200
T o B e lfa s t — D eo. 12—S te a m e r R im ore H e a d , 2 ,9 2 0 ..............
2,920
61,000
59.000
62.000
6L,000
T o H a v r e —Deo. 13—S te a m e r I s t r a r , 13,01 9 ........................... 13,019
7,000
5,000
A etn a e x p o r t .......... ................
5,000
9,000
T o B re m en — D ec. 1 2 —S te a m e r Im a u m , 12,767
D ec. 1 3 72,000
79.000
108,000
81.000
F o r w a r d e d ................................
Steam er Ja m e s T u c k e r. 7 ,4 78 — D eo. 16— S team er Sled8 46,000
973.000 1.113.000 1.158.000
Total stook— E s t im a t e d ..........
m ore, 4 ,836.................................................................................. 24,681
O f w hioh A m e r ic a n —E strn ’d
759.000
878.000 1.022.000 1.059.000
T o H a m b u r g —D eo. 12— S te a m e r P a rth ia , 8 5 0 ........................
850
133.000
Total im p o rt o f th e w e e k .......
211.000
2 i3,000
135.000
T o R o t t e r d a m -D e o . 14—8 team ers P a d d in g to n , an d S tain125.000
195.000
O f w h ic h A m e r lo a n ..............
239.000
112.000
to n dale, 1 ,100..................................
1,100
487.000
441.000
374.000
373.000
A m ou n t a flo a t..........................
T o C o p e n h a g e n — Deo. 12— Steam er L o u isia n a , 7 6 8 ...............
768
486.000
440.000
O f w h io h A m e r lo a n ..............
373.000
372.000
L a s t w e e k A r a b ia , f o r H a m b u rg , took 1,231 b a le s, a n d 300
The tone o f the Liverpool market for spots and futures
b a le s w e n t to L is b o n on b r ig A lv a ro .
G a l v e s t o n —T o L iv e r p o o l— Deo. 10—S team ers V eiled a, 7,001;
each day of the week ending D?c. 16 and the daily closing
W e st In dian . 6 ,325
Deo. 13—S te a m e r O tte rsp oo l, 8,520
prices of spot cotton, have been as follows.
D e c. 1 4 - Steam er B en edick , 5 ,8 02 — D eo. 1 5 -S t e a m e r
In d u n a , 1 1 / 3 5 ........................................................................... 39,186
Sa C day . M o n d a y . T u e sd a y . W ed 'd a y . Thursday F r id a y .
S p ot.
T o H a v r e — D ec. 8— S team er E th elre d a, 6 ,0 7 1 .. ..D ec. 10—
S team er M o u n t L e b a n o n , 5 ,4 9 3 ____ Deo. 1 2 - Steam er
Fair
Fair
C a x o , 5 ,713
D ec. 15—S team er C h eron ia, 9 ,0 95 ............. 26,372
M ark et, } Quiet but
business
Steady.
business
Quiet.
Easier.
T o M a r s e il le s - D e c 10— S team er C ro w n o f A rra g o n , 50.......
50
1:45 p. m . J steady.
doing.
doing.
T o B re m e n — D ec. 14— Steam er Fresktield, 7 ,015....................• 7,015
T o H a m b u r g - D e e . 8 - S team er W ile y s ik e , 310 ----- D eo. 1 2 Hid. U p l’ds.
3632
3*s
3 5S2
3532
3532
3532
S team er H o lm fe ld , 1,185..........................................................
1,495
T o A n t w e r p D ec. 10—S team er M id d le h a m Castle, 2 ,0 7 5 ...
2,075
7,000
10,000
10,000
8,000
1 0 .0 0 0
10,000
O o r p c s C h r i r t i , A c .—T o M e x io o , p e r r a ilro a d , 5 7 1 ...................
571
1,000
500
1,000
1,000
Jpeo. & exp.
1,000
1,000
P e n s a c o l a —T o L iv e r p o o l—D ec. 15—Steam er M a d rlle n o , 5,050
5,050
S a v a n n a h —T o B r e m e n —D ec. 1 2 -S t e a m e r P em b rid g e , 8,912
F u tu r e s .
___ Dec. 1 3 -S t e a m e r s B re co n sh ire. 11,800;
D e rw e n t
Steady at Quiet at
Barely
M a rk e t, ?
H o lm e , 7 ,2 0 8 ___ Deo. 15—Steam er H o rd a , 6 ,0 01 ____ D ec.
partially steady at
Qalet.
i-tJ4 ad
Quiet.
Quiet.
1:45 P. M .{
1 <54 adv. 1-04 dec.
vance.
1 6 - S t e a m e r H o m e w o o d , 6,490 ............................................. 40,411
T o H a m b u r g — D ec. 14—S team er H o r d a , 6 00..........................
600
T o O p o r t o - D e c . 4— B a r k Concettin a, 5 0 0 ...............................
500
M a rk e t, 1
Barely
Barely
Barely
Barely Quiet but
Steady.
steady.
steady.
steady.
■teady.
T o B a r c e lo n a —D ec. 1<»—S te a m e r G leu isle, 6 , 2 1 5 .................
6,215
4. P. M. $ steady.
T o G e n o a - D e c . 12— ste a m e r M a d elin e , 8 ,2 0 0 .......................
8,200
C h a r l e s t o n —T o B re m e n —D ec. 14— 8 team er F ilm la n d , 6,775..
6,775
The prices o f futures at Liverpool for each day are given
T o B a r c e lo n a - D ec. 14— S team er H e d w ig , 6 ,8 00 ...................
6,800 below. Prices are on the basis o f Uplands, L ow M iddling
W i l m i n g t o n — T o L iv e r p o o l—D e c. 15— S team er B u c k in gh a m ,
9,514..............................................................................................
9,514 clause, unless otherwise stated.
T o B re m e n —D ec. 14—S te a m e r K a ssa la , 14,495...................... 14,495
t 3 F T h e p r ic e s a r e g iv e n i n p e n c e a n d 6 4 th s. T h u s : 2 63 m e a n s
N o r f o l k —T o H a m b u r g —Deo. 13— S team er H illb ro o k , 3 0 0 .......
300 2 6 3-64d.. a n d 3 01 m e a n s 3 l- 6 4 d .
N e w p o r t N e w s — T o L iv e rp o o l— D ec. 14—S te a m e r R a p id a n ,
3,531.............................................................................................
3,531
Sat
M on.
Tues.
W ed.
T h n rs,
F ri
B o s t o n — T o L iv e rp o o l— Deo. 6 -S t e a m e r P h ila d elp h ian , 792
D e c. 10 to
___ D ec. 7 - S team er C o rin th ia, 2 ,3 1 8 ____ D ec. 8— Steam er
12^
1 1 45 4
4 1 45 4
4 1 45 4
1:45
D ec. 16.
1 45
N e w E n g la n d , 3 ,259
D e c, 10—S te a m e r R om a n , 3,559
M. p M. p M. P M. P.M. P M. P M. P .M.
p M. P M. P M. p M.
.. . Dec. 12— S te a m e r S ag a m o re , 3 ,032................................... 12,960
T o M a n c h e s te r—D ec. 6—S te a m e r C y n th ia n a , 3 ,6 86 .............
3,686
d.
d.
i.
i.
d.
d.
i
.
i.
d.
d.
d.
t.
B a l t i m o r e —T o L iv e rp o o l—D e c. 1 0 —S team er V e d a m o re , 3,556
D e c e m b e r .. 3 04 3 05 3 06 3 06 3 06 3 05 3 0 * 3 07 3 05 3 05 3 03 3 04
D ec. 1 4 - S team er T e m plem o re, 2 ,7 77 ....................................
6,333
04 3 06 3 05 3 06 3 05 3 04 3 06 3 05 3 05 3 03 3 04
D
eo.-Jan
___
3
05
3
T o B e lfa s t —D eo. 10— Steam er L o rd D u fferin , 1 ,7 00 ...............
1,700
J a n .-F e b ___ 3 05 3 04 3 06 3 06 3 06 3 On 3 05 3 06 3 05 3 05 3 04 3 04
T o H a v r e - D e e . 9 - S team er A l f , 3 0 0 ........................................
300
F e b .-M a rc h . 3 06 3 05 3 07 3 07 3 07 3 06 3 05 3 07 3 06 3 06 3 04 3 05
T o H a m b u r g —D e c. 12—S team er A r c a d ia , 1 ,840....................
1,840
M o h .-A p ril.. 3 06 3 06 3 o s 3 (.7 3 07 3 06 3 06 3 07 3 06 3 06 3 05 3 06
T o R o t t e r d a m -D e c . 6— S team er N e ra n o , t>06___ D eo. 9 —
A p r i l- M a y .. 3 07 3 07 3 09 3 08 3 OH 3 07 3 07 3 08 3 07 3 07 3 06 3 0 7
S team er P a ta p sc o , 6 0 0 .............................................................
1,206
M a y -J u n e ... 3 08 3 07 3 09 3 09 3 09 3 Of- 3 08 3 09 3 08 3 08 3 07 3 08
P h i l a d e l p h i a —T o L iv e rp o o l— D ec. 2— S te a m e r W a e s la n d , 201
201
1on e -J u ly .. 3 09 3 (J8 3 10 3 10 3 10 3 09 3 08 3 10 3 09 3 09 3 07 3 08
09 3 09 3 11 3 10 3 10 3 09 3 09 3 10 3 09 3 09 3 08 3 09
T o t a l.................................................
276,859 J n l y -A n g . .. 3
A u g .-S e p t... 3 10 3 09 3 11 3 11 3 11 3 10 3 09 3 11 3 10 3 10 3 09 3 10
T h e p a r t i c u l a r s o f t h e f o r e g o i n g s h i p m e n t s , a r r a n g e d in
Sept. O o t ... 3 10 3 09 3 11 3 10 3 10 3 09 3 09 3 10 3,09 3 09 3 08 3 09
O c t.-N o v ___ 3 10 3 09 3 1 I 3 10 3 10 3 09 3 09 3 11 3 09 3 09 3 08 3 09
o u r u s u a l fo r m , a r e a s fo llo w s .
Q re a t F r e n c h Q e r- — O lh .W r o p e —* M e x ic o ,
B r iC n . p o rts , m a n y . N o r th . S o u th .
dtc. J a p a n .
N e w Y o rk .
8,919 2,190 3,038 1,050 ...................................
N . O rle a n s. 13,873 13,019 25,531 1.868 ...................................
G a lv e sto n . 39.186 26,422 8,510 2,075 ........
571 . . . . . .
C or. C.. A c .............................................................................................
5,050 ............................ .............................................
P e n sa c o la .
S avan n ah ..
......................41.011 ..........14,915 ........................
.................... 6,775 ........
6,800 ......................
C h a rle sto n
9,514 ........ 14,495 ................................................
W ilm in g t ’n
....................
300 ................................................
N o r fo lk ___
3,531 ..........................................................................
N ’p’t N e w s
...........................................................
B oston . . . . 16,646 ........
r
,033
300 1,840 1,206 ...................................
B a ltim o re .
201 ..........................................................................
P h i l’ d e lp ’a
T o t a l,
15,187
54,291
76,193
571
5,050
55,926
13.575
24,009
300
3,531
16.646
11,379
201
B R E A D S T U F F S .
F r i d a y , December 16, 1898,
Business in the market for wheat flour was quiet early in
the week, and there was some shading of prices to make
sales. Subsequently, however, follow ing a stronger turn to
the market for the grain there developed a better tone and
demand improved. The home trade was a more aetive
buyer, and exporters showed increased interest; prices in
some instances showed advances o f 5c. Advices from the
Northwest reported fair sales for export during the latter
part of the week. R ve flour has had a fair sale at steady
T o t a l....1 0 4 ,9 5 3 41,921 io r ^ o o 6,199 21,715
571 ......... 276,859
prices. Buckwheat flour has been steady at unchanged
To Japan since September l shipments have been 15,111 prices. Corn meal has had only a limited sale, but values
bales from pacific Coast.
have been well maintained.
Below we give all news received to date of disasters to
Speculation in wheat fo r future delivery was moderately
vessels carrying cotton from United States ports, &c.
active during the latter part o f the week, and the tendency
B e t t s ’, steam er (A u a t.), a t N e w O rlean s, lo a d in g f o r G e n o a. A (Ire
of prices was toward a higher basis. Monday the market
on the w h a rf, Dec. I s , d a m a g e d 150 ba le s o f e otton c o n sign e d to
was easier, prices declining under cable advices reporting freer
steam er B etty.
offerings of wheat from Russia and a larger increase in the
J o h n H o w a r d , ste rn -w h e e l fre ig h t a n d p a ssen g e r ste am b o at, p ly in g
world’s visible supply than had been generally expected.
be tw e e n N e w O rle a n s an d O u ac h ita R iv e r poin ts, w a s b u rn e d
n ig h t o f D ec. 11 a t C o lu m b ia , La. N o liv e s w e re lost. T h e b o a t
A falling off in the export demand also had its influence
h ad a b o u t 1 ,0 0 0 ba le s o f cotton ab o a rd .
against values.
Subsequently, however, there was a
D a c r o m a , steam er (A u s t .), fro m N e w O rle a n s v ia T rie ste , .Vo., took
firmer market, a material falling off in the crop
Are a t F lu m e , b u t the fire w a s a ft e r w a r d e x tin g u ish e d ; v e sse l
an d c a rg o slig h tly Injured. O n ly 32 b a le s o f eotton h a v e su s movement in the Northwest
and crop damage re
tained slig h t d am age.
ports from Argentine were the principal strengthening
M a t t k a w a n , steam er (A rn e r.), from G a lv e sto n , Deo. 1, fo r B oston ,
features. Owing, however, to the approach o f the holiday
and due a t th at p o rt D ec. 11, a rr iv e d in N e w Y o r k H a r b o r to-day.
She h as 7.962 b a le s o f eotton. F ire w a s d isc o v e re d in her c a rg o
season, the export business continued limited. To-day the
N o v . 30, h u t w a s b e lie v ed to h a v e been e x tin g u ish e d b e fo re s a il market was fairly active and higher.
The crop damage re
in g, D ec. 1.
ports from Argentine attracted outside buying, and this, to
Cotton freights at New York the past week have been gether with stronger foreign advices and buying by shorts
M tollows.
to cover contracts, advanced prices. The spot market was
THE
1272
C H R O N IC L E
[ \ ol. LXVII,
for export hero mid At ontports | ket. Satinets and doeskin jeans inactive. Business in over
coatings has b-eu moderate without change in prices, and
sales o f cloakings o f lim 'ted extent at irregular prices.
2 StllD w n m s K s* N f i W Y O R K .
Flannels are slow of s de aud blanket* in quiet request : prices
T h u r,.
rr% .
Wed.
M on.
77% unchanged.
77
78S«
76%
The
i>F BO.
mo rn-tccs 1
AtJf..
r
76^
7X\
71%
71%
Di
72%
7 3*«
In t il# r .,.» 7 3 *
Ux
T04|
70
Ha 'SpOtfory 1Is11 fiiP t',,., 7 0 %
•v*
o
r
NO
2
SFCttHO
IN
uaitr U *«t vti l*«kti
f u e l.
S*tL
M on.
tU %
04%
63%
%**<- itOTI "v ||3
||k
Y ., . « » 6 U ,
6 iS «
65%
H* y
64%
tS-A’-s
64
74
75%
72%
71%
7 2 Ta
74>«
73
70%
7 l°8
O lilC A G O .
TH urs.
64%
65%
66%
65%
64%
65%
F r i.
66%
67%
60%
Indian corn future# have received a limited amount of
attention and there has been a gradual hardening o f prices.
Foreign advice* have been firmer and the movement of the
crvp has been limited, although this has been largely due, it
t* claimed, to the scarcity of freight cars to carry supplies.
a ns derate volume o f business has been transacted in
the spot market, as with the approach of the holiday season
wtp-rt»*ni have been withdrawing from the market. To day
the market was (airly active and steadier in sympathy with
the advance in wheat. The spot market was steadier. Sales
for exports her- and at ontports were 223,000 bushels.
O i j l , r C IX "!S ‘, THICKS ,t r s o 2
Sat.
Cash wra t. o. a ,......... 41
39%
|>ee delivers In eirv ....
39
M * r d e liv e ry in s l i v . , , . .
D ili t cuMuato frici SOF NO.
SaJ.
Xfoe. delivery in tl*v ---- 32%
M ay delivery In elnv .... 33%
July delsvery S*s cRv ... 34%
Domestic Cotton G oods.—The exports of cotton goods
from this port for the week ending December 12 were 3,474
packages, valued at $182,597, their destination being to the
points specified in the tables below:
aiX K O CO UN IS \ I ' W Y O R K
WVc£. T tiu r *
M on . T u ts .
41
40%
41%
40%
39%
39%
39
39%
40
39%
39%
39%
2 MIXBO CORN IN C H I C A G O .
I f 0,1.
T uck .
Wed.
T h u r*.
33%
33%
33
3318
3 4 7e
343a
34*e
34%
35»g
35
34^
3-t«s
1898.
N ew
Week.
YO R K .
Wed.
T h u rs .
31%
32
33
33%
is C H I C A G O
Wed.
T h u rs .
26%
26%
20%
26%
Jon. 1
1-67
54
581
58
C23
1,602
45
4.197
3.065
105,911
16.862
23,146
19.350
1-4,659
3.223
7,279
43,419
4,908
T o t a l..... ...........................
C h iu s , v ia V a n c o u v e r * ___
3,474
2,324
303,506
23,947
4,291
........
2 4 6 ,0 19
16,166
T o t a l.......... ......................
5,798
327,453
4,291
262,185
■ F ro m N e w E n g la n d m ill p o in ts d ire c t
.
8 in c e
46
35
1,167
J .097
750
5o
29 i
61
Art
662
77
F ri.
41%
39%
40%
F r i.
32%
34
Week.
3,124
983
348,009
11.201
33,716
11,437
15,479
4,352 .
8J47
52,144
14,914
3h
.
Oat* for future delivery in the Western market have been
quiet, but on -on e
uying by shorts to cover contracts,
limited off-ring* and a light movement of the crop, together
with pviToj'tttby with the improvement in other grains, the
tendency of prices has hern towards a higher basis. The
*pot market has iteeti firmer. Locally there has been a fair
demand fr-m the home trade, and as offerings have been
limited prior* io*v- advanced. To-day the spot market was
fairly active and firmer. Toe sales included 50,000 bushels
fo r export.
DAtLT < UJMNO I-ItlCHS OF OATS W N E W
M on .
Sat.
T u ts .
31%
31
K » . 2 E a U M , e l « r . . . . . . . v 31
32%
3 2 -»
32%
No. 3 white. «lev...... .
32%
OF NO. 2 RIXK1J OATS
SaL
M on.
T u e*.
■20h
D e c. de live ry is tdev
25% . 25%
26
M ^ y de live ry In e l e v . . „ . 25%
2 5 7g
26ia
S in c e J a n . 1.
G re a t B r it a in .........................
O th e r E u r o p e a n ....................
C h in a .......................................
In d ia . . . . . ................ ...........
.A ra b ia .....................................
A fr ic a .....................................
W e s t In d ie s ......................... .
| M e x i c o . , . . ........................ ..
C e n t ra l A m e ric a . ................
South A m e r ic a .....................
O th e r C o m itrie a ....... ............
F r i.
34%
35
35%
1897
Il o r k t o D e c . 12.
0
The value of the N ew York exports for tne year to date
has been $10,888,998 in 1808. against $9,615,140 in 1397.
The upward tendency o f the marker, for brown cottons has
not been checked and advances of IgC. have been gen erally
secured in standard and 3-yard sheetings and dribs and in
4 yard sheetings. Fine-yarn gray goods are strong and %c. to
8-lllc. higher than a week ago. In bleached cottons, medium'
grades of the Hope and Blacks tone 4-4 order are advanced
%c. aod in 38-inch 64 square bleached t^c, per yard. W ide
sheetings are tending upward. Cotton flannels aud blankets
firm. Denim* and ticks are without change in price, with a
fair demand. Other coarse, colored cottons quiet and un
changed Kid-finished cambrics firm at 2?gC. for 64 squares.
Shirting prints generally t^e. higher; other staple lines axe
strong and tending upward, fancy calicoe3 in good request
and very firm. Business in ginghams moderate but market
well sold up aud prices firm. P rin t cloths have advanced to
the basis of 2%v for 28-inch 64 squares and sellers reserved.
Market reported bare of stocks of regular goods.
F oreign D ry’ G oods.—A somewhat better demand for
spring reported in piece silks and ribbons at firm prices, raw
silk being d - arer. Linens also in better request, but in the
K vp ha;* ha«l a moderate nale for export and prices have ad woolen Roods division results are again meagre. Cotton
vanced, lur.'tv h»B been dull and prices quoted have been goods quiet.
F r i.
26%
26%
larae)}' nominal.
Following are the cloning quotations:
Im portation * a n d W a reh o u se W it h d r a w a l* o f D ry G o o d *
The importations and warehouse withdrawals of dry goods
at this port for the week ending Dec. 15, 1898,. and since
January 1, 1898, and fo r the corresponding periods of last
year are as follows:
80
45
35
05
OBAIB.
fn «t-
c.
o m ,p © T b n H b “
c.
o
W extern m ix e d .......... 39 % « 41 %
c.
No. 1 *0 %e-8 2 *
lia r 4 liu iuli.
Sftfc-nUtttVU N o 1 7ft * 7 6 %
f u d W in ter* Vo. 3-, 76 # 7 7 %
1 .... 73 # 7 4 %
B t TV3*r£it » l
p rbftb. 31 % 9
wane
.*...
No, 2 m ix e d ..... .. 3 9 % f»«l%
Western Yellow ...... 40% <?4’Z%
W<**tern W h i t e . ...
R ye —
s;
. 4 0% fl4 2 %
•©.
Weat.
a to m ,
p e r b u a h .. . 5 9 % n 6 1
S t a t e am i J e r s e y .. . . . 56 » 5 9 %
Barley—'W aalers*.........52 5 60
ii*-4 '-'©CO
C1W-4 i* tO
»
F e ed in g
........ ...4 3 % 547
■ • ■ a l l v g iv e n h e r * • « « v n g e 1214.
Wmt ® * a * r
>utotoCHfr-
*400
THE DRY GOODS TRAD f
too
• to
N ew Y o r k , F r io a v , P . M ., December 16, 1898.
T h *’ co tto n
• t ru -n g
c lo t s
In
tn w !
d ir e c t io n s
s it u a t io n
c lo t h * h a v e
r e la t iv e
and
g o o d * d iv is io n
it s
T lii* i» a
of
it *
is
gen eral d em an d
* v li
*s d
T f;e
d is t r ib u t io n
s t ill
a c t iv e
itb v ra l
•
upon
th .
S t o c k s in
i ■. ■ . ■
■: ,i ;
fa b r ic * o r
T h e
th e
fo r
s ta p le
th e ir
th e ir
an d
as
o th e r
n o w
as
at
s p r in g
p u rc h ases
b y
th is
e x c e lle n t ,
6 r -i -
=
trad e.
£
to
8
is
fo r
J o b b e rs
are
h ave
usnal at
in d iv id u a lly ,
tim e f o r a
good* m ark et
to
©
up
sh ape
h e ld a t a n y
to
cc
1p
d o in g .
fo r n e x t seaso n
w e e k in
S C B 'J I to
to to CD©
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r e t a ile r s
a g g re g a te th an
w o o le n
~J to
to H
C1X
CD
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to'
an v
has been.
co tto n s k eep s
m e r c h a n d is e
in to
p rin t
m a k e s to a
f o r th e t im e o f y e a r is
s m a lle r t h a n
fe a tu re
th e
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to©
wo
w it h in a m o n th ,
firs t h a n d * a r e r a r e ly la r g e
are
r u le d
R e g u la r p rin t
th at
a n d fa n c y
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as stron g
w o rk in g
c o o t * - o f th e
s p e c ia l
w eek ,
y ard
fu lly
b n * i t i- - *
are
has
'r c. p e r y a rd
la r g e r to t a l in t h e
a gg rega te
lo n g p e rio d .
p er
s e a s o n a b le
th e y
a
‘, c .
r i-e o f
hot b
t h is , a s
re ach ed
t '. i * l i m e
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o f
p r e p a r a t io n s
t u iu t in g
a lre a d y
fo r
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p ro g re ss , ra p id
r« a l l y g o o d
an d
d u rin g
a p p a r e n t ly
u p w ard
th e
r e m a r k a b le fe a t u r e .
a d v a n c e d to
b a st*
th e m a rk e t
stag ,
m ost
o f
Of<1tn if*, to
<C(-00--l
l-<
CO
CO
00
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M
has not
e ith e r m en g -w e a r
d rees g o o d s.
W •, > cioon« —The reorder demand for men's-wear
woolens end worsted* in light-weight* for spring has been up
to r«rr*rrt average but not altogether satisfactory. The call
i* cbf.fiy for black and bine staples, aiiA most fancies are
dall *mf irregular in price, In heavy-weight* for next fall
trier- s* very little doing In d ll market openly, but a quiet ]
w i j bustne-vof aotne extent i* in progress on private terms.
T h « * . it i* generally understood, hardly promise a firm mar*
to
to
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2 2 .3 5 5
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33%f 3?
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H e . 3 tbit e*1.
* * + * «* * «» •
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M a n u fa o tn iro s o f —
W o o l .................. ........
C o t t o n .......................
S i l k ..............................
F l a x ............................
M i s c e l l a n e o u s ..........
&
B-g
T o t a l m a r k e t e d . ..
15
T o t a l w it h d r a w a ls
R n t ’d f o r n n n w n m p
FLODB.
P a te n t, w i n t e r .......$3 50 ar-3
J^a» . . . . . . . .
.3 2 25 9 2 35
C ity anile, e x tra s . 4 20 9 4
. 2 A& 92 (Hi
i a p e r flo e ...
K y e flour, su p e r tlo© 2 90 9 3
?OO • 2 75
* Mo. 5
Buofewbeat d o u r ... 1 9 5
92
<f 3 O J
Pa, l .....
C o ra m e a l—
2 SO 9 i 20
W e ste rn , e tc ...... 2 00 9 2
m**Wivi........... 3 20 9 -i 3 5
B r a n d y w in e , .. .
2 20
3 60 9 4 ^ 0
paten t, s p iiD f: —
*
At price* t»©lo tb o te tor b a m *)*1
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THE
D ecember 1 7 , ism3 j
C
it y
D
g
CHRONLCLE.
f A ftT iv r M T
Special Topics.
Cass County, Mo.— Bond L itig a tio n .—"We take t'ne follow
ing dispatch from Kansas City, dated Novem ber 30, 1898,
from the St. Louis “ R epublic:" “ Thedispute between Cass
County, Missouri, and the bondholders of the old Tebo &
Neosho Railroad over the payment o f bonds which that
oounty voted in 1871 to assist in the building of a railroad by
the Tebo & Neosho Company through Cass County, is to be
settled in the United States Court here. A suit was filed in
the Court this morning, in which L. L . Nunn of the Colorado,
representing the bondholders of the old Tebo road, asks
judgment against Cass County for $93,000 and interest at 10#
from February 1, 1891. This is the sum o f 93 bonds' which
the bondholders claim the county has never paid, although
they were due in 1891.
“ Cass County's railroad debt is similar to that which rests
on St. Clair County, and for which tw o county judges are
serving a term in the Jackson County Jail. Cass County has
nearly settled all of its debt, excepting the amount for which
suit was brought this morning.”
Kansas.—Special Session o f Legislature.— Governor Leedy
has called a special session of the State Legislature for Dec
ember 21, to enact suitable legislation for the regulation of
railroad charges.
Madison County, Ky.— Bonds Legal.—In the C h r o n i c l e
October 39, 1898, we reported the sale of $112,000 4# refund
ing railroad aid bonds. A friendly suit was subsequently
instituted by the Richmond Cemetery Co. to enjoin the issu
ance of these bonds. The latter part of Novem ber the Court
of Appeals handed down an opinion confirming the validity
of the oonds. The Court held that the A ct incorporating the
Richmond Nicholasville Irvin e & Beattyville R R . was con
stitutionai and authorized subscriptions by counties and the
issuance o f bonds to aid in the construction of the road; that
the orders leading up to the subscription, as likewise those
tonohiog the issuance of the bonds, were regular and valid,
and that the bonds as issued are binding obligations of the
county.
New York City.— Outlying Bonds Declared Legal.—The
Corporation Counsel has forwarded to the Comptroller for
recognition as valid obligations of the city of N ew York the
issues of bonds described as follows :
1. Town o f New Lots im provem ent bonds, $6,060 fo r flagging W illiams A v e
nue. $1,000 fo r flagging Alabam a A venue, dated V a y 1 0 , 1886.
2. V illage o f College Point. $0,000 7% w ater bonds. Issued in 1897.
3. V illage o f T o tten ville. certificates or Indebtedness lo r $3.740 96. issued to
J. B Newball a C o., dated Decem ber »1. 1897.
4. School D istrict No. 1, town o f W estfield, $$.000, dated Septem ber 25, 1896.
6. School D istrict No. 4, towns o f Southfield and Westfield, $2,500. dated
N ovem ber 24. 1897.
6. U nion Eree School D istrict No. 1, tow n o f Flushing, $3,800, dated June 30,
7. V illage o f Richmond U til, highwav Im provem ents.$50,000; village ball,
$H\to0 ; fire apparatus. $5,000-total. $65.000—dated Septem ber 1 , 18w5.
8. V illage o f W hitestone, sewer extension bonds, $3,791 22, dated August 26,
1896.
9. V illage o f W hitestone. sewerage bonds, series No. 4, $3,220, dated Novem
ber £, 1 96.
10. School D istrict No. 9, town o f Jam aica, $1,600, dated October 10,1896.
11. School D istrict No. 9, town o f W estfield. $7,COO. dated Septem ber 24.1897.
12. School D istrict No. 5, tow n o f Castletou, $6,750, cated A ugust 17. 1890.
13. school D istrict N o .8, town o f Northfleld. $2,100. issued May 13,1895.
14. School D istrict No 3, tow n o f Nortbfleld, $3,500, dated August 22. 1896.
15. V illage of W nitestone. $50,00 . dated July 2,1897.
16. Long Island City public school bond-*, $75.0ot, dated Septem ber 1,1892,
Nos. 1 to 150. Inclusive.
17. Long Island City public school bonds, $20,500, dated September 1.1892,
Ncs. 190 to 230. Inclusive.
18. Long Islaua C ity lunding. 75% o f th e w ater bonds, $15,000. issued Septem
b e r 1, 1894.
19. Long Island City ta x arrearage bonds, $50,000, dated Septem ber 1,1894.
Paduciih, Ky.— Beople to Pay Interest.—As was stated iu
the Chronicle November 12, 1898, the City Council stopped
the paym-mc of interest (pending suit to determine their
legality) on $100,000 railroad aid bonds issued about ten years
ago. Tne refusal to pay was on the ground that the bonds
were irregularly issued. It is stated that the Commercial
Club^ an organization in the city of Paducah, ou Decem
ber 7, 1898, started a popular subscription to pay this in
terest and has nearly one-half of the necessary amount
($2,250) collected.
Ph iladelphia.—Loan Litiaation.— Argument was begun
on December 8, 1898, bbfore Judges Pennypacker and Sulzberger, in Common Pleas C ra tt No. 2, in the proceedings
brought by Robert E. Barr and Howard Yocum against the
city to prevent the negotiation of the $11,200,000 public loan
as authorized by the City Councils. The Court has reserved
its decision. See Chroni le July 16. July 30, September 24,
October 8 and November 19, 1893, for history of the present
litigation
Tacoma, Wash.— W arrant Suit Decision.—The holders of
these warrants o f the city of Tacoma woieh have been in
litigatiou for some time past recently gained an important
point. The Conrt held that possesion of a warrant is prima
tacie evidence o' title in the holder, and i r. is not necessary to
prove the genuineness of the signature of the payee in in
dorsing the warrant. The suit was one brought by the
N ew York Security & TrnstCo., which holds $160,090 of
these warrams
The city moved for a non-suit, but tht
Court overruled the motion and the citv commenced nsde
fense last Thursday. The history of these suits has been
given in the C h r o n i c l e from time to time.
Term out.— Legislature Adjourns.—The State Legislature
adjourned on December 1, 1898.
Whatcom, Wash.— Litigation.—W e take the follow ing
dispatch dated November 29. 1898, from the Seattle “ Post
Intelligencer:’’ “ The suit of E. H Gay to compel the city to
1278
levy an additional assessment of 3(£ mills to meet the in
terest on water bonds received a set-back yesterday after
noon when Judge Hadley sustained a motion by the City
Attorney to quash the alternative w rit of mandate.”
8>nd
P r o p o s a ls an d
week have been as fo llo w s :
N e g o tia tio n s
this
Albauy, N. Y .— Bonds Authorized .—The Common Council
has passed an ordinance providing for the issuance of not
more than $30,000 bonds for a public bath house. Securities
w ill bear not more than 4# interest, payable semi-annually.
Principal w ill mature one-tenth annually.
Appleton. W is .—Bonds Authorized.—The City Council
has authorized the iss iance o f $50,000 city bonds. Bonds w ill
bear 3>£# interest, payable semi-annually, and w ill mature
$2,500 yearly.
A shley;!B orough), P a .-B onds Defeated.—Oa November
8, 1898, the question of issuing $3,000 bonds was submitted
to a vote of the people and defeated.
Baruesville, Olay County, M inn .— Bond Sale.—On Decem
ber 10, 1898, the $8,000 5# electric-light plant bonds and $2,000
5# power-house bonds were awarded to Kane & Co., Minne
apolis, at 106 30. Follow ing are the bids :
Kane &Co.. Minneapolis..........106*30 |W. J. Hayes & Sons, Cleveland. .103*97
First National Bank. Winona__106*23 |U. M. Sioddaid, Minneapolis... .103*00
Mason. Lewis A Co . Chicago__104*311Denison, Prior & Co., Cleveland. 102*50
N. W. Harris &Co.. Chicago..... 104’08 |
Bonds mature October 1, 1908.
Bem idji, B eltram i County, M iun .—Bond Offering.—P ro
posals w ill be received until 2 P. M. December 31, 1898, by
Charles F. Schroeder, V illage Recorder, for $7,000 6# water
works bonds. Securities w ill be dated December 26, 1898,
with interest payable semi-annually at the Chase National
Bank, N ew York City. A ll bids must be accompanied by a
draft or certified check in the sum of $250. The bonds were
duly authorized pursuant to Chapter 200 o f the General
Laws of 1893, and by a vote o f the electors of the village at
a special election held on the 6th o f December, 1898.
B everly, Mass.—Temporary Loan .—The city has nego
tiated a loan of $30,0 00, due A p ril 3, 1899, with Blodget,
M erritt & Co., Boston, at 2'57#. Follow ing are the bids re
ceived :
Blodget, Merritt &Co., Boston....2*57%I F. S. Moseley &Co.,Boston ($1 25
Rogers, Newman & Tolman,Bo8t.2*68% |
premium) .......2*625%
Curtis & Motley, Boston...........2 59%i Bond & Goodwin, Boston.......a-e2%
W. O. Gay &Co.. Boston........... 2-59%| Blake Bros &Co., Boston.......2*69%
Blanco Couuty, Texas .—Bonds Approved. —The AttorneyGeneral recently approved an issue of $17,000 refunding
court-house bonds.
Bonham, Fannin County, Texas.— Bond Sale.— W e are
advised by George H. Stephenson, C ity Secretary, that they
have made arrangements to sell the $5,000 water-works
bonds recently authorized to home investors.
Bozeman, Mont .—Bond offering Postponed.— The hour for
the sale of the $165,000 b% water-works bonds has been
changed from 12 m . December 27, 1898, to 12 M January 17,
1899. A ll the details w ill be found in the C h r o n ic le N ov .
26, 189$, except that a certified check for $2,510, payable to
City Clerk, must be deposited by bidder.
Bnshnell, 111.—Bond Election .—An election w ill be held
on December 19, 1898, to vote on the question of issuing
$17,000 sewer bonds.
Calumet, M ich ,—Bonds Voted.—According to local re
ports this city has voted to issue $20,000 bonds to build an
opera house.
Campton School D istrict, Shasta County, Cal .—Bond
Sale.—On December 3, 1898, the $2,000 7# school bonds were
awarded to the Oakland Bank for Savings at 109'75. Bonds
mature $400 iu 1900 and $200 yearly trom 1901 to 1908, in
clusive. For further description of bonds see C hronicle
December 3, 1898, p. 1174.
Cherokee, Io w a .—Bond Sale. —On November 15, 1898. this
city sold to the First National Bank of Chicago $20,000 4#
refunding bonds at par, the purchaser to pay all expenses.
Securities are in denomination of $5 i0, dated January z,
1899. Interest w ill be payable semi annually and the prin
cipal w ill mature yearly on January 2 as follows : $500 from
19 0 to 1909, inclusive; $1,01)0 from 1910 to 1914, inclusive,
and $2,000 from 1915 to 1919, inclusive.
Cherokee (Io w a ) School D istrict .—Bond Sale.—On Novembi r 18, lh98, $20,000 4# refunding bonds were awarded to
the First National Bank of Chicago at 100 05, the purchaser
to pay all expenses. A bid of par was also reeeiven from the
T. 8. Steels’ Bank of Cherokee and one of par and agreement
to furnish black oonds from the Cherokee State Bank. Bonds
bear date December 1, 1898. and mature as follows : $l,‘ i00
December 1, 1900; $2,000 December 1, 1901 and 1902, and
$15 000 after five years.
Chicago, I I I .—Bonds Proposed.—The Chicago “ Tribune”
rece tly stated that Alderman Novak w ill report to the Coun
cil a project to have the city issue $500,000 in bonds (permis
sion tn- ng s.-cured from the Legislature) to erect four market
iio list's
B u s .— Following are the bids received on December 8,
ls98, for the $98,000 'i%% gold refunding bonds :
State Bank of Chicago ..........104*40 , Horae Savings Bank, Chicago 103'SI
K. If. Rollins &Sons. Boston__ 1<'4*27 Blodget. Merritt & Co., Boston... H'3*78
N. W. Harris & (jo.. Chicago...... lOrin |Normwestern Nat. B’k. Chicane* !• 3'70
Farson, Leacb A Co., Chicago-...104*16i Blake Bros. A Co.. New York.....163*30
Seusongood & Mayer, Clnclnnati.l<>4**/7 III. Trust & Sav. Bank, Chicago.. 1 3'25
Merchants’ Loan & Tr. Co., Chlc.104‘06 |*Denison, Prior A Co., Cleveland. 103*25
German National Bank
...io»*00 i Milwaukee Avenue State Bank.
Kstabrook A Co.. Boston............103*03
Chicago
Blair & Co., New York.............103*03 |Mason, Lewis & ''o., Chicago ,T03*1*>
THE
C H R O N IC L E .
[V ol. LXVII
.V* state I Iasi m k , bond* were awarded to the State Bank ‘ 1929. F or further description o f bonds see Ch r o n ic le N o v
ember 19, 1898, p. 1073.
El wood, SchnylkiU County, I*a.—Bond Election .—An
( hlciMcn ( I I I . ) Sanitary D istrict,—Bond Sale,—On Dec.
t iwfcf. the fisw.ooo 8}‘iS refunding bond* were awarded to 1 election w ill be held on December 20, 1898, to vote on the
H oa e Savmci B * » k of Chicago at 103 81. Following , question o f issuing $8,000 electric-light plant bonds.
Evanston ( V illa g e ), H am ilton County, Ohio ,— Bond Offer
ing.— Proposals w ill be received until 12 M. January 9, 1899,
j i b i .osi 60 ! by Frank F. Dinsmore, attorney for the village, room 20,
iy:: Hits 00
Allas Bank building, Cincinnati, Ohio, for $1,000 D% fire-de
. jua.05>‘ oo
[ Mor. l,u . A T r. Co
, 101,191 00
partment bonds. Securities w ill be issued in tw o bonds of
$500 each, dated January 15, 1899, and payable January 15,
l. 1910. For further description of 1908. Interest wiLl be payable January 15 at the Atlas N a
Ja H I M
iatt
umber 10, 1898, p, 1220.
1
tional Bank, Cincinnati. Bonds were voted at the election
held on November 8, 1898.
C l a r e (T o w n ), Io n a .—Bond Sale.—The town has awarded
to the Fu*t National Bank of Fort Dodge $2,200 0'S 5-10 year
F a irfield , N. Y .—Bonds Proposed.— The board of Super
ioptional!! bonds at par. W e are advised that this deal is not visors has under consideration a resolution authorizing the
Judy closed ae yet, owing to some slight changes to be made issuance of $5,000 bonds by this town.
before Use bonds are issued,
Findlay, Ohio .— Bonds Authorized.—The City Council has
ClrTeland, Ohlo. -Bond Offering.—Proposals w ill be re
authorized the issuance o f $400 %% 1-2-year sewer assess
e n r o l until 12 it. January 9, 1899. by H. L. Rossi ter, City ment bondp.
Auditor, for $50,000 I f Oiddings Brook coupon bonds, ma
F ran klin Township (P . O. W yekoff), N. J. —Bonds Voted.
turing <ictober 1, 1818. Securities w ill be coupon bonds of —A t the election held December 6, 0898, the issuance o f
$l,iX0. dated October 1, 1898, interest payable semi annually, $75,000 bonds far macadamizing roads was authorized.
both principal and interest being payable at the American
Fremont, Ohio.—Bond Sale.—On December 12, 1898, the
Exchange National Bank, N ew York City. A certified check $11,700 4? refunding bonds and $4,000 4% water-works exten
drawn on a national bank for $10,000, payable to the “ Treas sion bonds were awarded to the Croghan Bank, o f Fremont,
urer of the City o f Cleveland, ' most accompany bids.
the former for $11,935 and the latter for $4,061. F or descrip
Loom P i ajwscd,—Resolutions authorizing $624,300 loans tion of bonds see C h r o n i c l e , Novem ber 26,1898, p. 1123.
for street and sewer improvements are being considered in
G allatiu County, Mont .—Bond News.—In the C h r o n i c l e
the City Council. These loans are to bear not more than 5% of December 3 we stated that all bids were rejected on N o v
interest, payable semi annually, and are to mature part each ember 28, 1898, for the §137,000 5% 10-20 year (optional) fund
May and November, until 1902.
ing bonds. From a local paper we learn that a doubt e x
Columbus. Hiss. —Bonds Fated.—On November 29, 1898. isted over the interpretation o f the law regarding the e x
st a special election, the citizens of this place, by a vote of penditure by the Commissioners o f over $10,000 fo r any one
246 to hi. authorized the issuance of $70,000 water-works and purpose. It was believed that the highest bidder would first
sewer bonds,
demand that the Supreme Court pass upon this question.
Columbus, Ohio .—Sinking Fund to Take Bonds.—The Nelson Story, however, stood ready to turn over the money
Trustees of the Sinking Fond w ill take the $2,000 4* 4-10 at once, but on the advice o f the County Attorney the Com
year (optional) Latin Avenue improvement bonds recently missioners thought it best to wait. F ollow in g are the bids
authorized by the City Council.
submitted :
Coventry, H. I .—Temporary Loan.—This town recently
jrrvim u m .
j'r e tm u m *
h arson, Leach & Co.. Chicago— $7.90-4 | Lam preclit Bros. Co.. C le v e .......$5,53
negotiated a loan of $12,000 to meet extra expenses.
F. II. Fulton &. Co., Chicago..... 7,530 i U nion Bfc. & Tr. Co., H elen a. ... 5,21
Cullman, A la .—Bonds Proposed.—At the election held Rudolph K leybolte & Co., Cincin. 7,277 I H . B. P alm er & Co., H elen a........ 4,47
N. W. Harris & Co„ C h icago........ 7,209 I N. Y. Secu rity & Tr. Co., 2L \r__ 3,60
December 12, 1898, the question of applying to the State Nelson
S tory, Bozeman................ 7.100 Briggs, Sm ith & C o ., C in cin n ati:. 3,42
legislature for authority to issue water works and electric \\. ,1.H ayes & Sons, C levelan d .. 6,875 | Bozeman Nat. B a n k, B o zem a n ... 2.97
F. H. Rnllina *fe Sons, Boston...... 6,875 t F irst National Bank, B u tte.......... 2,55
light bonds resulted favorably. W e are advised that appli Denison.
P rior & Co., C leveland. 5,589 | S. A . Kean, C h icago ....................... 1,71
cation will be made at once to the Legislature, and that the
Ganado (T ex a s) School D is tric t .—Bond Offering.—P r o
bonds will probably be issued late in January.
Balias County (1*. 0. Selma), A la .—Bond Offering.—P ro posals w ill be received until December 26, 1898, for $2,000 6 %
posals will be received until 12 m, December 21, 1898, by P. 3-10-year coupon bonds. Securities w ill be in denominatio n
if Wood, Probate Judge, for the $(>3,000 Bridge bonds re o f $500, with interest payable January 1 and July 1. T h is
cently authorized by the State Legislatuie. Securities are district has no other indebtedness. The assessed valuation is
in denomination of $500. Interest (to be named by bidders) $310,000, about one half actual value. The population is
w ill be payable semi-annually at the City National Bank of about 1,000.
Gloucester, Mass.—Loan Defeated.— A t the election held
S- lnia. Principal w ill mature 20 years from date o f issne,
fut J< ct to rail $5,000 yearly, beginning January 1, 1901. The December 6, 1898, the proposition to borrow $150,000 for
county bn- no bonded indebtedness. The total valuation is highways was defeated by a vote of 1,493, to 1,086.
Goodland, Ind .—Description o f Bonds.—The funding
$8,726,750.
Deerfield ( I own), N. Y. - Bonds Authorized.—On Decem bonds, the sale of which was reported in the C h r o n ic le
ber I t, 18 ! s, the Board o f Supervisors authorized this town November 19, 1398, amounted to $2,000, with interest at the
to ieeue $~ 2 oo ;,{ bridge lionds. Seven bonds w ill be in de rate of at. Securities are in denomination of $500 and m a
nomination of $1,000 and w ill mature $1,000 yearly on March ture 20 years from date o f issue. They were sold to T ro w
1 from UHIU to 1900, inclusive, and one bond of $1,200 on bridge, MacDonald & N iver Co.. Chicago, at 108.
G reenevi lie (T o w n) Tenn .—Proposed Election , —This place
March 1. 1907. interest w ill be payable March 1 and Sept. 1.
Beer Park ( P. 0. P o rt Jervis. N. Y .) Union Free School w ill hold an election early in January to submit to the peo
District No. [.—Bond Sale,—On December 12, 1398, the ple the question o f issuing $10,000 of bonds for the purpose of
$22,000 i i coupon bonds were awarded to the Poughkeepsie purchasing the present system of water-works.
Bi
»t 104 08. Following are the bids:
Hackensack,';N. 3.—Bond Offering.—Proposals w ill be re
rttf* (tank ..1 * t*£» j Itpnwoll A K verIH , New Y o rk . 103*486
rhk<8«»rraio .. lOvjj? I W l>. Van Vlock, Now York .. .103*21
ceived until 4:30 p, m , December 28, 1898, by the Hacken
• v » %- tk
a>.i <»,
\\ ,1.1 Inv«c« a tion*. C levelan d .10208
rli' ! i5*6I
Katino*took A t o .. Now York...l03T61
sack Improvement Commission, L. A . Campbell, Clerk, for
■*$2,000 yearly on November 1 from 1899 to *56,000 4% gold sewer bonds. Securities are in denomination
9. inclusive. For further description of bonds see C hbon - of $1,000, dated February 1, 1899. Interest w ill be payable
s-tt December 3, 1898, p, 1174.
semi-annually at the Hackensack Bank. Principal w ill
Da Pels, Pa. Bona Offering. —Proposals w ill be received
' ■* • *'• " 1iicember j9, 1898, by the Finance Committee mature $1,000 yearly on February 1 from 1900 to 1918, inclu
- $22.-tix* i i UK. borough bondp. Securities are in denomi- sive. A certified check to the order of The Hackensack Im
•P’O ‘ if fAiit, dated December 31, 1898. Interest w ill be provement Commission in the amount of i>% of the par value
yAiio in mi-annually at the office of the Borough Treasurer
of the bonds bid for must accompany proposals.
I the principal wilt mature in 30 years from date of issue,
The official notice of this bond offering will be found among
Dabttqt
Iowa. —Bond Offering.— Proposals w ill be ro- the advertisements elsewhere in this Department.
7 i*. xi. December 19, 1898. for *37,458 4% re
Hagerstown, Mil.—Bonds Authorized .—On December 1,
ds. Securities w ill be Issued to refund 25 year
1898. the City Council authorized the issuance o f $60,000
dated January 1, 1871, and $34,182, dated May electric-light
plaut bonds.
Ham ilton, Ohio .—Bond Offering.—Proposals w ill be retun, Mass. Lean Negotiated.—The Town Trees*
:
a loan of $*,000 with the Easthampton cen-ed until 8 P, m . January 2, 1899, by 51. O. Burns, City
k. at * ’ j - interest. Ihts loan is for the payment ( lerk, for $8,200 4? 1 10 year Storm District No. 1 bonds.
Interest will be pay-able at the office o f the City Treasurer.
uses, and w ill be paid within a year,
H averh ill, Mass.—-Loan Not Negotiated.—The City Treas
ige. N. J .—Band Sale.—on December 12,1898,
f; landing bonds were awarded to K iw. c. Jones urer was recently authorized to renew a note of $25,000 for
three years with F .W . Schaake of Lawrence, but we are ad
irk. at 107-641. Following are the bids:
Kf7641 * W. J. Hnyrn* A g
ept d that Mr. Schaake has decided that he does not wish the
j tkmwoli k ICv^ri it. Saw York. ..106*43a renewal and therefore the loan w ill be placed with other
—j
• utmaociinb \ ile*i
N. V
parties.
I«7*3w . Hrwham. Kerr A Fr*.. Phllft.......106*161
|rr7 >V j Knontifj Brof».. ' ytw > ork,....... 106 06
H erkim er, N. Y .—Bonds Authorized .— The Board of Su
*1 ) R O f*l>cpofil & L‘>v,N. Y ........ 105*01
pervisors recently authorized this town to issue $13,000
, J ,, , f.
N e » « k .105 PO
Ii Klcrbolta * r„. v v.ioa sr
electric-light bonds.
DO January 1, 1929, sub.,,0,lM‘ k,0n' ^ -L —Bond Sale.—On December 14, 1898, the
$75,000 January L 1929, $..,1 P 0U!) 4% coupon bonds were awarded to Benwell & Everand [$75,000 January l, itt, New York, at 108 27. Following are the bids :
D acembeb 17, 1898.J
THE
CHRONLCLE.
Ben w ell & E veritt, New Y o rk.. .108*27 •
i $100,006....108*41
N .W . H arris & Co.. New Y o rk .. 108-18 Hoboken Sav. B ’k . < 100,000— 107*05
E. D. Shepard & Co.. New Y o rk. 107*57 |
l 112,100.... 106*12
E C Jones Co., New Nork......... 107 41 i Provid en t Institution fo r SavK o u n tze Bros. A Co.. New Y o rk .107*30 i iugs, Jersey C ity.........................107*03
Lam precbt Bros.Co.,Cleveland 107*142 | Seasongood A Mayer, C in cin .... 100*279
Bonds mature 20 years from date o f issue. For further
description see Chronicle last week, p. 1228.
H olyoke, Mass.—Bond Sale.—The city has sold at private
sale on a 'Ai. basis the $25,000 4% 1-year school bonds recently
authorized.
H u n tsville, A la.— Bond Bill Passes the House.—The House
has passed the b ill providing fo r the issuance o f $20,000 city
bonds.
Indianapolis, In d .— Bond Sale.—On December 15, 1898,
the $110,010
refunding bonds were aw arded to the M er
chants’ National Bank of Indianapolis at 102 30. Bonds m a
ture January 1, 1909. For further description of securities
see C h ro nicle December 3,1898, p. 1175.
Bond C a ll—'Ei. M. Johnson, City Comptroller, has called
fo r payment January 1, 1899, $110,000 4% funding bonds dated
January 1, 1889. Payment w ill be made at the office of
W inslow, Lanier & Co. N ew York City.
The official notice o f this bond call will be found among
the advertisements elsewhere in this Department.
Iola, K an .— Bond Election.— It is stated that an election
w ill be held on December 26, 1898, to vote on the question of
issuing $40,000 bonds, with which to purchase the property
of the Iola Gas Co. Such a proposition was voted upon on
November 1, 1898, but resulted in defeat.
Jackson, Miss.—Bond Offering.— This place w ill sell on
January 3, 1899, the $20,C00 6<t 20-year school and bridge
bonds. W e are advised that the Finance Committee has not
yet determined whether the bonds w ill be sold by sealed bids
or at auction.
Jamestown, N. Dak.— Bonds Voted.— A t a special election
held recently the issuance of $7,500 artesian w ell bonds was
authorized.
Kangas City, Kansas.—Bond Election.—A n election w ill
be held on December 30, 1898, to vote on the question of
issuing $75,000 bonds for a new high school.
Kansas City, Mo.— No Bonds to be Issued at Present.—
Upon investigation we find that the report in one of the
papers that the city is considering the question of issuing
bonds for a new museum is incorrect.
La Crosse, Wis.— Bonds Proposed.—The question of issu
ing water-main extension bonds was recently the subject of
consideration in the City Council. W h ile the Council has
taken no definite action in the matter, it has been decided, in
an informal discussion of the question, to issue from $10,000
to $20,000 bonds some time next summer for this purpose.
Lakeport, Cal.— Bond Election.—An election w ill be held
December 20, 1898, to vote on the question o f issuing $15,400
gold water works bonds. Securities, i f authorized, w ill be
in denomination of $385 and w ill mature one bond yearly.
L it t le Falls, Minn.— Bond Sale Postponed.—The city has
postponed the time for receiving bids for the $60,000 5)8 water
and light bonds from December 16, 1898, until some date in
January. The exact date w ill be given in due season. A
description of these bonds was given in the Chronicle Dec
ember 3, 1898, p. 1175.
L orain , Ohio.— Bond Sale.— On December 9,1898, the $30,00O 5% river improvement bonds were awarded to Denison,
Prior & Co., Cleveland, at 101'75. Bonds mature $5,000
yearly on July 15 from 1925 to 1930, inclusive, but are sub
ject to call after July 15,1908. For further description of
bonds see Chronicle November 26, 1898, p. 1123.
L o w e ll, Mass.— Boiid Sale.— This city lias sold to a local
institution $48,000 bonds for various purposes and $30,100
bonds for street extensions at a low rate of interest.
Ludlow , Ky —Bonds Authorized.—Renewal bonds to the
amount of $1,4 00 have been authorized by the City Council.
Lynn, Mass.— Bond Sales.—The city recently sold at pri
vate sale $45,000 bonds as follows: $10,000 4% 30-year water
bonds, to R. L . Day & Co,, Boston, at 114-91 and $35,000 4%
10-year bonds to the Lynn Institution for Savings at, it is
stated, 105 92.
Macon, Mo.— Sewerage System Voted.—On December 6,
1898, this city by a vote of 721 to 8, authorized a sewerage
system.
M arlborongli, Mans —Temporary Loan.—The city has ne
gotiated a loan of $25,000, due A pril 10, 1899, with Curtis &
Motley, Boston, at 2-59#.
M ontecito (I 'a l.) School D istrict.—Ronds Voted.—This
district has voted to issue $5,000 1% school-house bonds. In
terest w ill be payable in Santa Barbara and the principal
w ill mature $500 yearly.
Newburgh, N. ¥.— rond Offering.—Proposals w ill be re
ceived by BeDj. B. Odell, Mayor, until 4 p. m . December 22,
1898, for $26,04)0 school bonds. Securities w ill be dated Jan
nary 2, 1899, and the interest w ill be payable semi annually
at the office of the City Treasurer. Principal w ill mature
$2,000 yearly on January 1 from 1900 to 1912, inclusive. Bid
ders must state the lowest rate of interest at which they
propose to buy the bonds. The bonds are issued in accord
ance with the provisions of amended city charter and reso
lution passed by the Common Council December 6, 1898.
New Orleans, La.—Bonds Proposed.—The City Council has
under consideration an ordinance creating a “ Sewerage and
W ater Board.” Section 13 of this ordinance provides that
the city shall issue through the Board of Liquidation of the
City Debt, upon the demand o f the Sewerage and W ater
1275
Board, bonds to the amount of $6,000,000. These bonds are
to bear not more than 4% interest and are to mature in 20years from their issue, subject to call after 5 years. The
ordinance also provides fo r an election to be held in January
to vote on the question of levying a tax 2}£ mills on the dollar
to meet the interest of these bonds. The principal of the bonds
w ill he met in three ways, as follows : First, from the surplus
left over from the 2^-m ill tax after paying interest; second,
the surplus revenue derived from water rates after payment
of current expenses o f the sewer and water plants; third, the
sum of $200,000 annually to be included in the budget.
Newport, K y.— Temporary Loan.—This city has negotiated
a short-time loan of $10,000 with a local bank. Loan was
used in paying maturing bonds, and w ill be retired when
December taxes are in.
Bond Sale.—This city has sold to the New port National
Bank, at i 105-753, $600 Newport street bonds.
Bond Offering —Proposals w ill be received until December
27, 1898, for $10,000 water-works bonds, according to reports.
New York City.—Bonds Authorized.—The Board of Esti
mate and Apportionment recently authorized the issuance of
over $600,000 bonds fo r new schools and school sites.
North East (B o ro u g h ), Pa.—Rond Offering.—Proposalsw ill be received until 1 P. h . January 3, 1899, for $20,000 4%
water bonds. Securities are in denomination of $500, dated
January 15,1898; interest w ill he payable semi annually, and
the principal w ill mature 20 years from date of issue. Bonds
are free from tax.
Ohio County, Ky.— Bond Sale.— Messrs. Rudolph Kleybolte & Co., Cincinnati, have purchased $30,000 4% refunding
bonds of this county. Securities are dated December 1,
1898, and mature December 1, 1918, subject to call after
December 1, 1903. Interest w ill he payable June 1 and
December 1, at the Bank of Hartford. These bonds were
originally awarded on October 1,1898, to N . W . Harris &
Co., Chicago, but were not taken by that firm.
Omaha (N e b .) School D istrict.—Rond Description.—The
$250,000 school -bonds voted at the recent general election
w ill bear 4% interest, payable semi-annually at Kountze Bros.,
N ew York City. Principal w ill mature January 1, 1919.
The date of sale has not yet been determined upon.
Orangetown (N . Y .) U nion Free School D istrict No. 3.—
Bids.— Following are the bids received December 1, 1898, for
the $24,000 4% school bonds :
Edw. C. Jones Co., New Y o r k .. .$25,820 . L. W. Morrison, New Y o r k .......$25,616
Dan’l A. Moran A Co., N. Y
25.8 19 B lau v elt & M orrell. .................... 25,000
Bertron A Storm , New Y o rk — 25,765 | W alter Stanton A Co , hi. Y
24,515
R. B. Smith A Co,, New Y o r k ... 25,759 R. K leybolte & Co., New Yro rk .. 24,075
Geo. M. H ahn, New Y o rk ........... 25,733 Benweil A E veritt, New Y o rk ... 24,006
As stated in the C h ro nicle December 3, 1898, bonds were
awarded to Edw. C. Jones Co. at 107-58.
Oswego, N. Y.— Bond Sale.—This city has sold at private
sale to various local savings banks, $22,538 35 4% paviDg and
sewer bonds. Securities are pay-able at any time in sums of
not less than $500, as the money- is collected from assess
ments on property benefited.
Patcbogue, N. Y .—Bond Sale.—On December 18,1898, the
$5,000 village bonds were awarded to Isaac W . Sherrill,
Poughkeepsie, at par for 3-40^ bonds. Following are the
bids received :
Jltd.
I«a»c W . Sherrill............ f a r
C. H . W hite A Co..........100*97
W alt r Stanton A C o ... P ar
P atcbogu e B a n k........
Par
Interest. \
Bid.
3*40% Bertron & Storm ...............100*14
3*60* | W. J. H ayes A 8ons ...l<*4*60
3*50;$ Ben well A E v e r it t .......... 104*20
3*52% | Jose, P a rker A C o .......... 103*312
Interest
3*60fc
4%
4%
4%
Bonds mature $500 yearly on Jan. 1 from 1903 to 1912, in
clusive. For further description o f bonds see C h r o n ic le
December 3, 1898, p. 1176.
Pelican Rapids, Minn.— Bonds Voted.—A t a special elec
tion recently neld $14,000 electric light, water-supply and
town-hall bonds were voted.
P ittsb u rg (P a .), S te rritt Sub School D istrict.— Bond
Sale.—The district recently sold to Robinson Bros., P itts
burg, 8120,000 4% bonds at 102-37. F ollow in g bids were
received :
lloblnson tiros., P itts b u rg ....... 4122.W8 I W . M. Bell. P ittsbu ru ............. $121,500
R. J. Stoney, Jr.. Pittsbu rg....... 122,400 Edw. C. Jones Co., New Y o rk .. 120,126
Hollar Savings Bank.................. 121,200 | Chas. M cK n igh t.......................... 120,000
P ittsfield , Mass.— Temporary Loan .—This city has nego
tiated a loan of $15,000 with a Boston firm at
This
note was issued to take up school notes (which fell ‘due
December 1, 1898,) and w ill mature June 1, 1899.
P o lk County (1\ 0. Osceola ), IVis .—Bond Offering —P ro
posals w ill be received by P. H. Johnson, County Treasurer,
until 10 a . m January 3, 1899, for $25,000 county bonds. Se
curities w ill be in denomination of $1,000, dated January 1,
1899; interest w ill he payable semi annually. Principal w ill
mature January 1, 1919.
Portland, Ore.— Amount o f Bonds Awarded Reduced.—
The City Council in awarding the funding bonds recently
sold to Rudolph Kleybolle & Co., Cincinnati, reduced the
amount from $450,000 to $430,000, owing to the large pre
mium offered. The successful bidders have consented to
this reduction. The result of this sale was given in last
week’s Ch ro n ic le .
Portlan d (O re.) School D istrict .—Loan Authorized .—The
District Clerk has been authorized to borrow $28,000 for 90
days for current expenses.
Portsmouth, N. H .—Bond Issue.—This city proposes to
issue a $65,000 bond to take up the floating debt. This bond
w ill be taken by the Sinking Fund Commissioners.
Reading, P a .—Offer to Purchase Bonds.— It is reported
that the N ew York Security & Trust Company has offered to
take the entire block of the next issue of 4% paving bonds,
amounting to $100,000, at a prefnium o f $8,000. This is
THE
l id ib
1 1 . : u i u m t it J*. » : a u 4 « <*vor
i h ig t
w*. ■
o f f e r e d f o r B e a d i n g 's
Png»**d.—
?to
1 Ueiere. *•«.- «.»-»/«
town busvoted to
tactHK'ulist sut«? Lemulator* for authoritytoissuefloO.OOO
K h c rh .n l 1‘ttion Free School District No. o (T o w n ol
Jth. rhead, Suffolk to u ilt j), N. Y .-S o n d Sale.—On Deeemv,,.r jo :
(hr $ai,tiOO 4. uondti were awarded to the Kiverhrad Havings Bank at lOS'9'i. Following are the bids :
K4w, C. Jon on Co S'etr York ...I f 5'-75
;U*Sl
Clove
10618
l b o il*, n. ITlor A
. id4 <
14 *s*v
Sow York. 1(1*77
■
p*
« X M'
IT l». “tes»4» A *
. O i l . Wliito A Co
! xjtm *.ur Bros. A L ...Now 4 ork. 104*375
V*>
V..rk L<*M
«* Xk
W alter Stanton A l . N. Y
i S, A, K*»o. Chicago........
101*2
10TSO
W . j ; H*jr<w A Sous, C!ov land. ib2'3d
w Y«
Ufftsuftpli a Kve
Bucd. mature §1,550 yearly on December 1 from 1899 to
IDS®, inclosivr. For farther description of bonds see C hrox *
. - — . ; - Ii
U hcrton. N. J. -lioim s PtfetUed.—A t the election held on
lk-cctsWr Id. IM“ >. the question of issuing sewer bonds was
defeated by .* vote of lOt) to .8.
Saginaw. Ileh.--.Bid*. Following are the bids receiver
Nov.-nil-. r :ut, |g#s, for the §15,000 -!■; wafer bonds :
L<twi» A Co., Chicago, f 16.883 60
Ertrt-r-> X A Css Burton
40 |
Dcr
P?(.>r A C a , licit*. - 10,135 00 I Br»gg»>. Sratth A C o- Clucm,- 16.805 50
A4asy« A Co_ fttwloa
l«.(W i 60 I Himtv Bruy. A Co., BuJtoll. - 15.796 50
fa r►
<_>?; 1-esAefe A Co-.Cbiiis»60 . 1<*,0*6 • I Soasiitmood A -Mayor. Cluclu. 15,042 00
G*o. A. YrttakWl A Civ. Hurt. 10.0 2 JO i Amor loin Com. A Bu y . Bunk,
----- 16,54150
It fckiat bait* x C<»,. OndU*. 10,3'H 85 I Sngluaw ....... ..
16,54100
W . J l l « j « 4 A N.di», Ck-Vh , 1&JM7 OM |8.*v,ntl Nut. Bunk, Saginaw
KOit. t\
vVv, N. V . ., 15.000 00 ! Peopled Sav. Bank, Saginaw. 15,260 (‘0
%, W, 1la rei a X Cu., C b IctKO. 15,9« 7 00 Bunk of Saginaw.................. 16,250 00
Ju m , 1'sfkrr a Co., Ek»rton . 16,911 H5 Miy . Bank o f Kast Sagiuaw,. 16,000 00
As stated in the C hkumcuk December 8.1898, bonds were
awardetl to Hstabrock ,V Co.. Boston, at 10.*.16.
St. M a r)'. (V illa g e ). O h i o . — Bid..,—Following are the
bitis received on December 12, 1898, for the §21,000 5£ high
way improve meat bonds :
K* W . Harris A ( ••• . Chir-tc..,, .$.\‘ Sd 70 J-hi- A. Kean, Chicago............... $109 50
oh | Briggs, Smith A Co., Cincinnati. 105 70
W J , U m jv * X S- ,{,«. Oov<>
Vieve
V5 75 8i«tm r A Co . Toledo. . — ------103 $5
tlVrtKiA. I M w A (
5 « * 1*4 Nat, Bunk. t vd mabus. -24 70 |
The (kju is have no: yet been awarded. For description
securities see Cubo .m c le November 26, 1898, p. 1124.
of
salina(K uusas) School D istrict .—Election Postponed.—
\\ v are advised that the election which was to have been
N E W
I.O A
n
P R O P O S A L S
Far lht> Prlrtiee? of
E X T E N D IN G T D K T IM E OF P A Y M E N T
or
$ 8 , 0 0 0 , 0 0 0
O f the Bonds o f the City o f Cincinnati,
lor itom ComtrucUon o f the
C in c in n a ti S o u th e rn R a ilw a y ,
MATUBIKCi JUJUY 1,1902.
SKA 1*1*1 l*|lf*|*OBAIgS will Sm« rucrtlvcil by tint
n o A ll ! » f
T IU '*T«K - h OK T H K CIN CIN N ATI
(WJI TilKU-N 11 A ll.w A V ht tbulr «.rtlc*< la tho Od
•*
northwi At ourripr of Boventli «ml
Its )
until T U E S D A Y . T H K
RfTlI P A Y <>»' t)K< IM H FH . J«wH, nt 3 o'clock P. M .
for thv K - n ie je o f K X T K N P lN li T H E T IM E OF
l*A »IIR S T
i l l or wnjr p#rt o f th«* ouuuuidl'-t;
O O T K lfi tki.NDs* Of ib« C IT Y OK C tS C IN N A T l,
t«ri n*A to *
•
*
i Mui xl under th e A ct o f
iMAt A.
icr,«i_j , «*:*i fo r th e crwirtroctltm o f th<*
C i n c i n n a t i M u n iiK h * * h a u a v a v . Bam bond*
*jre- Qtff.te-’i July i *t„ |n f (* ith ««i{Kifu payable on tho
5f*t day* of January *t>4 July* and m ature Jh ly L
T. fe>irth f«'rtr*rtn«.l and UitfffHt
tmjftl)!** at
%bo M o * ’firap Rxrtua
NailotuU Hank, New York,
of •*)-} IL-d <d*
inmnprt at tbo rato o f
i j g r k ** PfclH k n r r!»‘J f 7.HA*.'*»• at th e rate of
et \ r
A N D T H R K :K TENTH!* PKH CEN T.
U N D K R A S A C T ‘i*r T H K (iK N K H A l. ABBKM
t\*3 O, h., p, oliij,
B I T o k O H IO (W .W <3 A r»r|t US,
mM
Bt:^r>;jim A R K U ITH OIUX KD by apromw
r w,rwrihf. o f Itatfllftfljl 'ro IMljr o f k»|4 ou«.*t4»nri»nn(
RiJHi tb* omjjffn* t hptwif to atffwt to BX *
1 K-CV T ill! TIM E o r P A Y M E N T of said Bondi
• x po'k*4 ii'd to e .jc w l KOIIT i YKAMS from the
« *i*r> tf sh ore-f «<«*« the HO CD Bit» o f »och i>orU<«v* »if R*Vd IkffjA* M Tru*4«**■ ■ * it lt f auriM* with.
A M H KBIN O TO liE U U CK -TH B IN TEH K 8T thcroon
etu i rat® *» • »Jd Tnj*l**w *hiU fix., Dot
njliKR ANDC NK H A C K PKH ( K M jw>rannum,
aid lrT?*«v-£-« as** fn rth f r
to cwi)»o
w'bitpd, fwlfji'cd and * t(* rjw i to an!d bonds
ronjjQtii «i iB*jf tw* r»p-ti«»rturr u» **rilwkhl«rw»l w b* (nU4 lor tho v.xp-tuicd ttin«
IR T t K O f T U B AEOKEWAID A C r ilO U
lfl» T m i i T R P hw»«! drtwrmlnm! to KXT H r T IM E f»l P A Y M E N T o f M»m bond*
B utfifltt thereof.
Jo
held in this district on November 29 for the purpose of voting
on the question o f issuing §5,000 school bonds was postponed,
and that it w ill probably be called fo r about Dec. 20,
1898.
San Antonio. B exar County, Texas.—Bond Offering,—
Proposals will be received until 12 M. December 22, 1S98, by
Brvan Callaghan, Mayor, for §4-32,500 gold refunding bonds.
Securities are in denomination of §1,000, dated January 1,
1809 . Interest w ill be payable January 1 and July 1 in San
Antonio or at. the city’s financial agency in N ew Y ork City.
Piincipal w ill ma'iire 20 years from date of issue, but bonds
are subject to call at a stared period before maturity. Pro
posals must be accompanied by an amount equal to 2£ of the
amount of bonds bid for.
Sau Saba County, Texas .—Bonds Approved and Regis
tered.—The Attorney General recently approved and the
Comptroller registered an issue o f §1,000 o«f court-house
bonds o f this county.
Sau It Ste M arie. Mich. -B on d Offering—Proposals w ill be
received until 2 p. m. Dec. vO. 1898, by Myron W. Scranton,
City Comptroller, for §15.094 v?4 5$0 paving bonds. Securi
ties are dated Jan. 2, 1899; inter, st w ill be payable semi
annually. Principal w ill mature §1,5' 0 yearly on Jan. 1,
from 1900 to 1908 inclusive, and §1,594 24 on Jan. 1,1909. A
certified check for §1,000 must accompany proposals.
Savannah, (la .—Loan Authorized.— The Mayor has been
autuorized to borrow §30,000 to meet expenses. Under this
authorization a loan o f §10,000 has been negotiated w ith the
Chatham Bank.
Sioux I'ity, Iow a.— Bonds Authorized .— On Novem ber 26,
1898, the City Council authorized the issuance of §325,000 4#
bonds to take up a like amount of warrants now outstanding.
Securities, as authorized, w ill be in denomination of §1,000,
dated January 1, 1899. Interest w ill be payable semi
annually and the principal w ill mature January 1, 1919, sub
ject. to call after January' 1, 1914. As was stated in the
C h r o n i c l e December 8, i898, it is the purpose of the city
officials to exchange, if possible, these bonds for the out
standing warrants.
Somersworth, N. H .—Bond Sale —On December 15. 1898,
the §120,( 00 4.% general indebtedness bonds and §177.000 4%
water-works construction bonds were awarded to E H. Gay
N E W LOANS.
;
|U
r i m KKirtTcigt) »;ii1 Aft
a* ft t* AMKK ■
rlO S A L B A N K , New T*vfk.
it a n d ONF7H U .F PKH
<lti» J ano.ary J,
it
fe-aiwlf o.%te a-* S«ltCDU*
M O R T9A O R ujPO.V T H E
t-1
f nm, C l NCI V[i A, TIINN EAHKIC, THltKIS
iT T -8 JA 3MILE8 . aad th e
f t w i tb e 1*
o f th e
n Itjm j/ W VK\ l ANNUM,
o h it I* n>ade ft. e duty of
l«rvy. 8UFT ic n k N T ,
I'MU at tflte BAbMt&r.Ui
od fo r th e
Ol* T H K m>ND«
9 U gR B -
L'VOL, DXVII.
C H R O N IC L E .
’MEW
LOANS.
CX D E K W IL L B X P n tB ON T H E 31st D A Y OF
$ 6 7 5 ,0 0 0
DEC EM It EH, 1898.
Bidders should stute th e premium th ey will pay for
th e privilege aforesaid.
The Trustees reserve th e righ t to re je c t any or all
bids. For fuller inform ation adores* “ T he Trustees
or th e Cincinnati Southern Hallway, Cincinnati. 3’50 PerCent 11-Year Cold Kenewal
Ohio,” Proposals must be enclosed in a sealed e n
Bonds.
velope, ii.dorsed "P roposals fo r the Privilege o f E x
tending Tim e o f Paym ent o f B o n d s ,a d d r e ss e d to
M a y o r ’ s O f f ic e , >
the Trustees as above.
S t . L o u i s , D ecem ber 1st, 18«8. i
By order o f th e Board,
By virtu e o f Ordinance No. 19,516, authorizing the
E. A. FERG USON , President.
issue and sale o f renew al bonds o f th e City o f St.
Louis, sealed proposals for th e purchase o f six hun
dred and seventy-five thousand dollars ($676.0001 In
said bonds, h erein after described, will be received at
# 3 0 , 0 0 0
the M ayor's Office, in th e C ity o f St. Lonis, un til 12
o’clock, noon, o f th e 22d day o f Decem ber, 1898, and
TO W N OF
publicly opened by th e undersigned a t said place and
hour.
Said bonds will be dated Decern her 1st. 1898,
W I N D S O R L O O K S , C O N N . , and will each b e o f th e denomination o f $1,000 United
States Gold Coin, pay a ole eleven (11) years afte r
4 PER CENT BONDS.
their date, and will bear interest irom th eir date at
Sealed proposal* will he received by the under- the rate o f three 50-100 (3‘50) per ce n t per annum,
i lunert untH o i*. m ,, December 21, 1898, fo r the pur- rem i-aimuui interest, coupons, payable on th e 1st d ay
eha»e of ?-H\000 W indsor Locks Coupon Bonds of Of June arm Decem ber respectively, will be attached
each bond, and both bonds and coupons will be
the Heii'otiinallon o f $1,000 each, bearing date Ja n to
uary l . 1899 with Interest a t 4Jt per annum, payable payable to bearer, as he may elect, either at th e
N ational Bank o f Commerce, in New York, in United
Mjtni-amiually.
Bond* become <lue hr follows : $10,000 in 10, $10,000 States Gold Coin, or at th e N ational Bank o f Scot
land, Lim ited, 37 Nicbo as Lane, London. England,
In Jo and $10.0<)0 In 30 years from January 1, 1899.
I rmclpal and Interest payable at Farm ers’ & In pounds Sterling, a t th e rat e o f fo u r dollars, eigh tycents, s ix and one h alf m ills ($f8665) per Found
M<*chJtnicit National Bank o f H artford, Conn. T he six
right t- reserved to reject any or all bids. "Proposals Sterling. T a e bonds will contain th e condition th a t
In
pa
18 o f principal and in terest th e United
*'T. Bomit* should be endorsed on envelope, and Statesvmen
Gold D ollar and th e Pound Sterling will be
adder*wed to
calculated at th e present standard o f w eight and
J A M E S D. O U T E lt S O N , T r e a s u r e r .
fineness. T he bonds may be exchanged fo r regis
tered bonds a t any time.
Bidders are requested to state in th eir proposals
th e price oflered per bond, the par and premium to
be
stated as one a m o u n t
Deimrtmpnt o f Finance,
No bid will be considered th a t is n ot made on blank
furnished t y th e Comptroller.
Proposals must be accompanied by a cashier's or
certified check, payable to th e order o f t he Comp
troller laud su bject to his approval) equal to liv e (5)
I N D I A N A P O L I S . I N I ).,
per cent ot th e nominal am ount or th e bonds bid for;
D ecem ber 15,1898.
said deposit to be returned im m ediately i f th e pro
Nctb «<Is hereby given th a t tb© 4* Funding BondB posal is not accepted; otherw ise to be held su bject to
o f JamimryflRt , 1889, o f this C ity ($110,000). have been forfeitu re to th e city in even t o f failu re on th e part
btdder to comply with his proposal, or in case
called for i*«ymcnton January 1st. 1899; interest to oo ff tho
compliance, to be retained as part o f th e purchase
c**a*4j (>n th at date. H olders are requested to pre- m oney. A deposit in th e required amount, to the
»Mlt Ui <*ir bonds for paym ent at th e office o f Messrs. Credi. o f th e City of St, Louis, in th e National Bank
f Commerce, in New York, on or before December
WinMl.*w, Laulor & Co.. 17 Nassau Street, New York o2oth,
1808, will be accepted as f till com pliance w ith
th e requirem ents relating to deposits. No interest
City.
will
be
allowed on earnes« money deposited.
E. M . J O H N S O N .
ProjHiHiiis will be su bject to all tho conditions and
C -ity C o m p t r o l le r .
reservations o f this advertisem ent, and m ust refer
to siime as a portion o f th e agreement, on the part of
th e bidder.
Proposals should be enclosed and addressed to the
undersigned aud endoraed*‘Propo8al lo r Purchase o f
St.T, nils City Bonds.”
The awards will be su bject to th e approval o f the
M A S O N , L E W IS & C O .,
Com m ittee on W ays anti Means o f botn branches o f
Municipal Assembly.
H A N K K its ,
The bonds will be delivered again st paym ent there*
tor in current funds, a t th e office o f th e ComnHO Devonshire Street, flonton,
f roller, In the C ity o f St. Louis, on th e 29th day o f
December, 1898, or. if the bidder so elects in bis p or171 Ln Salle Street, Chicago,
p osa l.a t the National B*nk o f Commerce in New
• ork on th e 30th day o f December, 1898.
OFFiSR FO R 8ADE:
The opinion o f Messrs. D llion & Hubbard, A tto rneyK and Counsellora-at-Law, New Y o rkC ltv, as to
!(" '• » < omitr. tin non................ ............
th
e validity o f th e bonds w ill be furnished the suc
PalCBtinr*. T cxub....................... ...........
cessful bidder by the City.
Joltet Gnu Co.. Joliet, 111..........
A
sample bond can be seen aud further in form a
«<&»! b Mftmliri, Nr-b
.............
tion obtained a t th e office of th e Comptroller.
Bayfield County, W in..............
H Y . Z IE G E N H E IN , M ay o r.
And (^tber D w lrab le Securities.
I S A A C 11. S T U R G E O N , C o m p t r o lle r .
C I T Y OF S T . L O U I S
Office of City Comptroller,
D ecember
17, 1898.
j
THE
C H R O N IC L E .
& Co., Boston, at 109-79. For description of bonds see
last week, p. 1228.
S pringfield, Ohio.— Bonds Proposed—The City Conncil is
considering the request of the Police and Fire Board for the
issuance of $20.000 bonds for a combined station, patrol and
workhouse.
Stanberry, Mo .—Bond Offering—This place has voted to
issue $3,000 bonds for the purpose o f erecting a stand pipe
for the water works and the erection of a small bridge.
These bonds w ill bear 5% interest, payable annually on Jan. 1.
and w ill mature in 20 years. Proposals w ill be received until
Jan. 2, 1899, for these securities.
Sturgis, M id i.—Bond Offering— Proposals w ill be received
until 4 p . M. January 16, 1899, by John Farrow, City Clerk,
fo r the follow ing electric-light plant bonds :
C h r o n ic l e
$1,000 4J#6 7-vear bonds in denomination o f $100.
1.500
7-year bonds in denomination of $250.
2.500 4J^is 7-year bonds in denomination o f *500.
1.000 4% 12-year bonds in denomination of $100.
1.500 4% 12 year bonds in denomination o f $250.
2.500 4% l* -y e a r bonds in oenomination o f $500.
1.000 4% 12-year bonds in denomination of $100.
1.500 3H* 17-year bunds in denomination of $250.
2,5t0 3j#S 17-year bonds in denomination of $500.
Securities bear date February 1, 1899. Interest w ill be
payable February 1 and August 1 at the Citizens' State Bank
of Sturgis.
Sweetwater. Texas.— Bond Sale.—This city sold early last
month, through J. B Oldham, an issue of $10,0(0 6£ 40-year
water-works bonds at par. Interest w ill be payable A p ril 1
October X.
Syracuse, N. ¥.—B< nd Sales.—On D-cember 12. 1898, the
$198,000 4g city bonds and a $6,500 4% revenue bond were
awarded to George M. Habn, New York, at 104-07 and 1( 0-31
respectively. F ollow in g are the bids received for the $198,000 4%city bondB:
Geo. M. H ahn, N e w York....... 194-07 I N. W . H arris 4 Co.. New York. .103-69
Bertron & storrs. New 1 ork.. .104-168 Perry, Coflln * Burr. Bosion .. 103-60
Jos. E. Gavin. Bnilalo.............304-045 1Parkinson & Burr. Bosto n
J03'53
Blake Bros. & Co.. Jew York, .ina-96 |E. C. Jones 4 Co.. New York
103-52
Duuscomb 4 Jeunlson. N. Y.. j03*37
Parson. Leach 4 Co. New York.103‘52
R. Kleybolie .7 Co..New York.103-384 I Bcnwell 4 Kveritt,New t ork..,103'486
Street, W'vkes 4 Co.. N. Y ....... 103-75
, i>. A Moran * Co.. New Y o rk .. ,30f3»8
Jose. Parker « Co.. Boston... )0»-«975 C. L.;Pam iaiee. W atertow n...... i Oj -IB
E. H. Rollins 4 Sons. Boston.. 103*693 I S. A. Kean, Chicago................... 103‘00
Bidders for the revenue bonds were as follows :
Bertron 4 Storrs, Now York .100-458 I Benwell 4 Fveritt, New York... 100'25
Geo. M. Hahn, Sew York_____lOO’S l
I S. A . Kean, Chicago
... . lOu-is
5 6
, 0
0 0
HACKENSACK,
SEW ER
The city bonds mature $22,000 yearly on January 1 from
19i'0 to 1908. inclusive, and the revenue bonds on January 1,
1900. For further description of bonds see C h r o n i c l e last
week p. 1228.
Tippecanoe (V illa g e ), M iam i County, Ohio.—Bond Offer
ing.—PropozeiU w ill be received until 12 M. January 2, 1899,
by John M. Haaga for $1,172 80 6% street improvement bonds.
Securities are in denomination of $58 64 each, dated January
1. 1899. Interest w ill be payable semi-annually and the prin
cipal w ill mature one bond each six months from August 1,
1899. to February 1, 1909, inclusive. A certified check for
$100, payable to A. W . Miles, Village Treasurer, must ac
company prop: sals.
Bids w ill also be received at the same time and place fo r
$6,000 (>%funding bonds. Securities are in denomination of
$1,000. dated January 1, 1899 Interest w ill be payable semi
annually and the principal w ill mature March l, 1912.
Toledo, Ohio.— B o’ ds Proposed.—The Ways and Means
Committee of the City Council has under consideration an
ordinance providing for the issuance of $150,000 A14 per cent
Centennial bonds. The consideration or the ordinance has
been postponed, as the Centennial Co. is not yet organized.
Tom Green County, Texas.— B> nas Registered.— The State
Comptroller on November 30. 1898, registered $5,000 refund
ing court house and jail bonds.
C lster County ( I’ . 0. Kingston). N. Y.— Bonds to be Issued.
—This county w ill sell some time in February (exact date not
yet decided upon) $60,000 4% refunding bonds. Securities
w ill be dated March 1, 1899. Interest will be payable semi
annually at the office of the Conuty Treasurer. Principal
w ill matnte $3,000 yearly
Utica, N. \.—Bonds Authorize-: —The issuance of $5 000
bonds for the police and fire department has been authorized
by the Common Council.
Van IVert. Ohio.— Bond Offering.—Proposals w ill be re
ceived until 12 m . December 26, 1898, by C. F. Mansbip, V il
lage Clerk, for 87.000 44£* refunding bonds. Securities are
iD denomination of $1,000, dated January 1, 1899. Interest
w ill be payable semi-annually and the principal w ill mature
January i, 1907. Bonds are issued pursuant with Section
2701. Revised Statutes of Ohio. A certified check or a de
posit of $500 w ill be required with each bid.
NEW LOANS
S 2 5 o ,o o O OO
N E W LOANS.
# £
1277
N. J.,
BONDS.
W E OFFER AND RECOM MEND
A S A N IN V E S T M E N T
F o r
S A L T
L A K E
T ru st
O IT Y , U T A H ,
2 0 -Y E A R
Proposals for an i?sue o f Sewer Bonds fo r th e sum
o f F I F T Y - S I X U I O I N A M ) D O L L A R S will
be received by th e H ackensack Im provem ent Com
mission at Commission Rooms. M ercer Street. H a c k
ensack, X. J., on W ednesday, the T w en ty eighth day
o f Decem ber, A . D. Eighteen Hundred and X inetyelght, at 4:30 o ’clock in th e afternoon.
Said bonds are proponed to be issued to m eet the
expense o f constructing the H ackensack Creek
Sew er and by auth ority o f a certain A ct o f the
Legislatu re o f th e State o f New Jersey entitled “ An
A ct to provide fo r th e assessment and paym ent o f
th e costs and expenses incurred in constructing
sewers and m aking other im provem ents in tow n
ships and villages.” approved March >2,1878 (P. L.
1878. p. 70) anti th e supplements and am endm ents
thereto.
Said bonds will he fifty-six in num ber and o f th e
denom ination o f One Thousand Dollars each, so ta
iled that fo u r th ereo f aggregating Four Thousand
D ollars will fall due February 1st, 1900, and four
eaeh y»*ar th ereafter to and lucluding February 1st,
1913. and will be coupon bonds, with Interest a t the
ra te or fou r per cent per annum, payable sem i
annually a t T h e Hacfcensack Bank.
Principal and Interest o f *ald bonds will be payable
In gold coin o f the United States o f A m erica o f the
present standard o f w eight and fineness or its
equ ivalen t or oth er currency o f the United States o f
AmericaSlid bonds will bear date F ebruary 1st, 1899.
Each bid or proposal must be accompanied by a
certified check to tb e order o f T h e H ackensack Im
provem ent Commission in th e am ount o f 5% o f the
par value o f the bonds bid fo r as a guarantee o f the
good faith o f th e bidder.
Proposals shall be presented in sealed envelopes
endorsed "B ids fo r H ackensack Creek Sewer Bonds."’
T h e Commission reserves th e right to reject any or
ail bids.
Inquiries or proposals m ay be directed to
L. A . C A M P B E L L , Clerk.
76 Main Street, Hackensack. N. J.
IN V E S T M E N T S .
a n d
S a v in g s
9* I
£ 5 0 , 0 0 0
O F
N O R F O L K ,
F a tih s
4S,
D A T E D .S E P T E M B E R 1 S T , 1 S9 S.
C IT Y
4%
M A T U R IN G S E P T E M B E R 1ST . 191S.
In te re st p a y a b le M a r c h a n d S e p te m b e r a t
t b e office o f W e lls , F a r g o <fc Co., N e w Y o r k
City. D e n o m in a tio n , $ 500 a n d $1,000.
S T A T E M E N T .
V a lu e o f T a x a b le P ro p e rt y . . $ 5 5 , 0 0 0 , 0 0 0 OO
A ss e s se d V a lu a tio n ............ 3 7 , 5 0 0 , 0 0 0 OO
T o t a l in d e b te d
n e s s .........$ 2 , 5 4 8 , 0 0 0 OO
L e ss W a ter
D e b t ........ 1 , 3 6 8 , 9 8 0 0<>
-
C O U PO N
V A .,
BONDS.
Dated December 1, 1898. and due December 1,1928.
Coupons payable June and December 1st
In New York City.
Price and full particulars on application.
J. HARMANUS FISHER & SON,
IN V E S T M E N T
B A L T IM O R E .
-
BANKERS,
M ARYLAND.
G o v e rn m e n t
and
M u n ic ip a l B o n d s
B O U G H T
N e t D e b t .............................§ 1 , 1 7 9 , 0 2 0 OO
P O P U L A T IO N .
F u n d s
-
77.480
S a lt L a k e C ity Is tb e C a p ita l o f tb e S tate o f
U ta h , situ a te d in on e o f t b e m ost re rtile v a l
le y s o f the U n ite d States a n d is destined to b e
the la r g e s t c o m m e rc ia l a n d m a n u fa e tiu in g
city b e tw e e n the -Missouri R iv e r a n d the P a c iflc Coast. I t is the term in u s o f e ig h t r a i l
r o a d s : U n io n PaciHo. South ern Pacitic, G r e a t
S alt L a k e
& H ot S p rin g s, O gden & H o t
S p rin g s, R io G ra n d e W e ste rn . Salt L a k e 4
L o s A n g e le s , U t a h C e n t ra l an d San P e t e V a l
ley. I t has o v e r 75 m ile s o f stre e t r a ilr o a d
o v e r 200 m a n u fa c tu rin g in d u stries, fifteen
b a n k s (six o f w h ich a re n a tio n a l), w ith a com
b in ed c a p ita l o f o v e r $6,000,000 OO; a n d fo r
the p a s t five y e a rs h as p e r h a p s m a d e m ore
r a p id p ro g ress th a n a n y oth er city in the
cou ntry.
W rite f o r sp ec ia l c irc u la r, g iv in g fu ll p a r
tic u la rs a n d p rice .
Personal / nterviews Invited.
AND
SOLD.
A P P R A IS E M E N T S M A D E OR 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 . OR
U X C H A N G E OF A B O V E S E C U R IT IE S .
&
DUSTS ON A P P L IC A T IO N .
N. W . H A R R I S
B A N K E R S ,
GO.,
31 N A S S A U S T . (B a n k o f C o m m e r c e B l d g . ;
H IG H -G R A D E
State, M nnicipal, County, School
UO>I>!S-
Lega) investments for Savings Banks in New York
and all New England.
R u d o lp h .
K le y b o lte
&
C o .,
B A N K E R S ,
No. 1 N n ssnu S tre et, N e w Y o r k ,
3 d a n d W a l n u t S t r e e t * , C in c in n a t i, O .
L IS T S
M A IL E D
UPON
A P P L I C A T IO N .
HACKF.Xft.ACff I It PKO VKM ENT COMMISSION,
M. E. C LA K K X D O X , President.
H. KRONE, JR ., Treasurer.
W .
D .
V a n
3.5 N A S S A U S T R E E T ,
M U N IC IP A L
V le c k ,
.
.
NEW
YORK.
BONDS.
MASON, L E W IS & C O .,
C H IC A G O ,
BANKERS ,
BOSTON, I
171 L a Salle St,_______________ 60D evonshire St.
S. A . K E A N ,
M U N IC IP A L A N D OTHER.
S E C U R IT IE S ,
1 3 ‘Z L r S a l l e S t r u c t , C u i« a g o .
M U N IC IP A L
Joh n
BONDS.
N u v e e n
in v e s t m e n t
&
C o .,
bankers,
1st N ational Bank Building, Chicago.
Corr.spondenoe solicited.
Reference, F i r s t N a t io n a l B a n k
(JM r.ago,
THE
1278
C H R O N IC L E .
Pre;-JsaU w ill aJect be received at the same time and place
for $.V- ■ 54 bouils. Issued in pursuance of Section 2148, Revised Statute-' ‘it Ohio, fo r the purpose of meeting extraor
dinary erpeu- in smallpox epidemic. Bjmls are in denorniuatjoiis o ' $200 and fV>0, dated January 1, 1899. Interest
w ill l payable «<>tni-*unually and the principal w ill mature
f!, ' 1Jtnuarv 1. 1U0I. atvl $1,200 January 1, 1902. A certi1 chivic or deposit of $200 w ill be required with each.prop o ttl
Van VVert County, Ohio.—Bond Vale.—On December 0,
f.\... . r>s refunding bonds were awarded to Briggs,
Smith ,V Co., Cincinnati, at X03-02't, The only other bidder
w.v
Firrt National Bank o f Van W ert. Bonds are in
den itninstion ol #1,000, with interest payable semi-annually
at the County Treasurer's office. Principal matures three
years from date o f issue.
W a ller County. Texas.— Description o f Bonds.—The
$ il,>>hi 4
refunding court-house bends recently sold to
kleybolte & Co.. Cincinnati, at par, mature N ov.
IT. 1018, # 2,000 being subject to call Nov. 17, 1901, $3,000
Nov, 17. 1903, and $2,000 Nov. 17. 1905.
Warn ego, Kan.— Bond Sale,— This city has sold the $25,000
w:d«r works bonds recently voted to Eastern investors at
104-40.
Wrehuwkeu (N . J .) School
Bonds Voted.—A t a
special election held December 12, 1898, the issuance of
$15 000 school bonds was authorized. These bonds w ill most
likely bear -t£ interest, payable at the First National Bank of
f i ib .ken. Principal w ill mature 15 years from date of issue.
Full details of this Dsne have not yet been determined.
West Union (T o w n ). W. Vn.— Bond Offering.— Proposals
will be re.-eived uutil 0 p . M. January 6, 1899, by
P. Smith,
Recorder,!
water-works bonds. Securities are in
denomination of $b 0 and multiples thereof, dated January 6,
I85ra. interest w ill be payable annually at the West Union
Bank. Principal w ill mature 35 years from date of issue,
subject to call after 10 years.
W e t !i era II eld, Con n.— Doan Authorized.—The Town Treas
urer has been authorized to borrow #3,000 for current ex
penses!.
Whitney Poin t (V illa g e ), N. Y.—
At
an election held December 5, 1898, the people voted to bor
District.—
S.
LoanAuthorized.—
INVESTMENTS.
(T ol .
LXVII.
row #800, in anticipation of taxes, to complete the Central
Fire Station. W e are advised that the loan w ill be nego
tiated with local parties and w ill mature in six or eight
months.
W ichita, Kan—Bond Contract.—W e are advised by the
C ity Clerk that this city entered into a contract with W . G-.
Ends, Kansas City, Mo., for the sale o f $59,000 5% refunding
railroad-aid bonds. The City Clerk states that the city was
informed 'his week by the firm o f which M r. Eads is Presi
dent that they cannot comply with the agreement and request
that it be canceled.
W indsor Locks, Conn.— Corrected Date o f Bonds.—In the
Ch ro nicle last week official notice was given that bids
wonld be received until December 31, 1898, for $30,000 4%
conpon bonds and that bonds wonld bear date January 1,
1899. Owing to the fact that January 1,1899, is a Sunday,
the date o f bonds has been changed to January S, 1899, but
the bonds w ill mature in 10, 30 and 30 years from January
1, 1899.
W inton Place, Ohio.— No Bonds Contemplated.—It, has
been stated in some of the papers that this village has under
consideration the issuance o f §15,Ol 0 sewer bonds. In reply
to our inquiries we learn that the village has no intention of
issuing any bonds in the near future.
Yonkers, N. Y .—Bond Sale.—On December 14, 1898, $3 000
4% crematory bonds and $9,000 4% assessment bonds were
awarded to Jose, Parker & Co., Boston, at 105-912 and 101-575
respectively. Follow ing are the bids :
For the Crematory Bond#.
Jose, Parker Sc Co., Boston ...... 105*912 l Benw ell & E v e ritt. N ew Y o rk ... 105*00
Geo. AL. Hahn, N ew York..........105*17 I People's Sav. Bank, Y o n k ers__ 104*02
For the Assessment Bonds.
Jose. Parker & Co.. Boston....... 101*575 | People's Sav. Bank, Y onkers.......101*01
W . H . Cary & Co., Boston........ 101*61
Benw ell & E veritt, N ew Y ork. ...101*00
Geo. Mi Hahn, New York..........101*07 1
For All the Bonds or None.
Yonkers Savings Bank...
....... 102*785 I A llen & Sards, N ew Y o r k ..........102*24
The crematory bonds bear date December 15, 1898, and
mature as follows : $1,000 A p ril 1, 1906; $600 A p ril 1. 1907;
$1,000 April 1, 1908, and $1,000 A p ril 1, 1909. The assess
ment bonds are also dated December 15, 1898, and mature
February 1, 1901.
___ IN VEST MEN T S ____
IN V E S T M E N T S .
6 7 7 , 0 0 0
P U B L IC
C ity o f C h eyen ne, W y o m in g ,
3 P K ft C E N T , 10-30 Y E A R ,
E D W A R D C. JONES CO.
S E C U R IT IE S
S U IT A B L E
D E A L E R S IN
FO R
M unicipal, Railroad,
Street Railway and Gas
Water and Sower Refunding Bonds.
Duieil January
iww,
Denomination, $500.
tSc P r i n c i p a l P a y a b l e lu N e w Y o r k .
In te r e s t P a y a b l e J n n u n n a n d J u l y .
Beal u ltu tlo ti o f property subject to
UiXMltem
. . ..
... ....... ........... $10,000.000 00
raluai Ion ------------------ ------ 2.906,862 $5
T f AnH
loilrW^dtuuut, |q.
gsodips above itsu f............. $S52J00
Water data.
...... .
it 2,000
N r id a b t .......... ......................... .
100,500 00
Population i Federal Gonaujt, ifcvo,} 11,000.
u.nd* are bunted to refund outstanding fl*
twraad lt» 1U92L The City bo* always paid tta obligAtu-r** promptly at maturity.
Th e a*M>t* uf tin? City, consisting o f read estate
wat4-r-work* plant, nepfiunat an ac* ual cash
value uf |750.t»s.», nr ubiftt three tim*-* the amount
ejf jis total bonded indcbtene**. The net revenue
f# 'm water c«.>n«ntows exceed *
jw-r annum,
whi-v the aotiual la t n t s l coarve* on the entire
4rd debt are only $13,876.
i'n p * or* appllrAtjon.
C . H . W H IT E
&
S A V IN G S B A N K
AND
TR U S T
FUNDS.
BONDS.
LISTS M A ILE D ON A P P L IC A T IO N
P a rso n ,
L e a c h
C H IC AG O ,
IOO D e n rb o m t»t.
&
NEW YORK
1 N A SSA U ST R E E T .
P H I L A D E L P H I A - 421 C H E S T N U T ST.
C o.
J K ff YO R K
3 5 N a t m a St,
THE
L a m p r e c h t B r o s . C o .,
TROWBRIDGE,
C e n tu r y B u il d i n g , C L E V E L A N D , O H I O *
M
M U N IC IP A L , R A IL R O A D ,
S TR E E T R A IL W A Y & C O R PO R ATIO N
a c
D
D E A L E R S IN
o n a l d
So
N
C
iv e r
o
.,
BONDS.
C O .,
M U N IC IPA L
BANKERS,
a i H A K S A f H T ., J E W
BONDS,
V O It K .
l8t Nat. Bank B ldg.
- .
CHICAGO
L IS T S SE N T U PO N R E Q U E ST .
Inform ation Riven and quotations furnished con
cerning all classes o f stocks and bonds th a t h ave a
<lev eland m arket.
$175,000
Los
A n g e le B
T r a c tio n
Co,
lat 71ort*«ffe 04 JO-yrar Gold Honda.
Total Iftnoti fS&O.OOO,
Plrvt Mf,ne*ire at $14,000 per mile.
Raft SAvnlnc* to * S3 month* of oprraUott, $60,0811 09
•enjraitmi to if% on the total i**qo o f bonds.
Population « f lx>* Annul as 108,679.
f**r fe ll description o f property.
E. H . R O L L IN S
&
SONS,
I® If I l k Htrsst, Host on,
AOAMS & C O M P A N Y ,
F .
R . F U L T O N
M
171
C O .,
o n d s
S A LLE
W h a n n & Schlesinger,
,
S T R E E T
M U N IC IP A L
71 B R O AD W AY, NEW YO RK.
M .
A .
D e v itt
&
C o .,
~W ASHINGTON ~
M U N IC IP A L BONDS.
State Warrants,
T o Net 6%.
C H IC A G O .
OKAI.KRR Iff
B O N D S ,
I N V E S T M E N T
»ie b * o ««,'
M U N IC IP A L
B O S T O N ’.
C A L V IN
TACOMA.
BONDS.
Send for our Invest
DUKE
nt Circular.
M . F A R S O N . B anker,
Municipal Bonds
1
D ea rb orn S treet
ililC A i- o
-
P H IL IP S ,
W A SH IN G T O N .
M U N IC IP A L
Securities Netting from 3J^ to 64
A L W A Y S ON II AND.
N o. 7 C o n g r ? * ! xm l 81 S ta tu S t r a e t * ,
BONDS.
C H IC A C O .
R lr n t N a t i o n a l B a n k B u i l d i n g .
BANKERS,
of Boston
B
u n i c i p a l
LA
&
E.
C .
BONDS.
S T A N W O O D
&
C O .
BANKERS,
121 D e v o n s h i r e S t r e e t .
BO STO N .
@FedFRASER