Full text of Commercial and Financial Chronicle : February 18, 1899, Vol. 68, No. 1756

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Investors Supplement (Qa rly)
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Street Railway Supplement (s A n a
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State and City Supplement (semiA^

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CompA ST , In the o f f l o a o f the L ib r a r ia n o f

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O on xres, ]

____________SATURDAY, FEBRUAKY 18, 1899.___________ NO. 1756. ,
W u k tndtn? F ebruary 1 »-

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W I L L I A M B . I U N 1 C O H P V N V , P a b lla h e r a ,
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P ost o m c « B o x 9 5 8 .

n k w

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.

C L E A R IN G HOUSE RETURNS.

The following table, made up by telegraph, etc., Indicates
that the total bank clearings of all the otearing houses of
the United States for the week ending to-day, February 18,
ha»« be»n SI,380,087,668, against #1,747,733,934 last week »nd
♦ 1,548,375,498 the corresponding week of last year. The
figure-i at a number of points for this year cover only five
business days on account of the observance of Lincoln's
Birthday as a holiday, and this accounts for the decrease ex­
hibited.
0fcJA.ltfJM .
W

; _________ flF fc ffndtwg FrLrwirj 1+,
■
iw

fUtum * by TtUgraph.
New Y ork............ ........ *...........
Bo«Ui&. ............... *................ —
PM ladolphla............................

1800.

1898.

Bar c it J ................
Youogttowo ----- KrstfwrriHo*...........
Tot. Mid. W elt'd.
San •‘rancMioo.......
Salt Lake CH r-------

Per Omt.

Chleagp___________ _______8fc Louie....... ............. »****—♦*{
New Or'.A*n4.................. ........

§000.914,950
88,934,1*1
54.339,1*7
15.S70.41S
03.983,031
34.303.081
7,732,375

§858.399.895
91.703,015
70,285,705
10,377.338
100,703,103
24.783,195
9.950.137

—32*3
-5 * 3
-2 2 -7
-3 1
-7 7
-3 *8
—33*3

B erea cltte*, 5 d e y * ...
o th e r etna*. S flay*—
— ..!

IV49.047.35S
130.097.030

JL iei.144.S S S
155,904,373

-1 8 «
-1 8 0

§1,079.141.903
300,943.804

§1.337,100.734
238,308.734

-1 8 4
4-33*0

§1*300*0*7*003

•1.548.375,498

—10*0

T otal *11 cl tie*, 5 days—
VI title*. 1 d a y .______ ____
Total ail ottls* fo r w o e * . -

1899.

The full details of oiearings for the week oovered by the
above statement will be given next Saturday. We cannot,
of course, furnish them to-day, bank oiearings being made
ap by the various clearing houses at noon ou Saturday, and
hence in the above the last twenty-four hours of the week
ha ve to be in all oases estimated, as we go to press Friday night,
We present below our usual detailed figures for the pre.
rloas week, covering the returns for the period ending with
Saturday noon, February 11, and the results for the corres­
ponding week in 1898, 1897 and 1896 are also given. In
comparison with the preceding week there is a decrease in
the aggregate exchanges of two hundred and thirty-four
million dollars, mainly at New York, Contrasted with the
week of 1898 the total for the whole country shows an In­
crease of 43'8 per cent, Compared with the week of 1897 the
current returns record % gain of 100’3 per oent, and the excess
over 1896 is 79-8 per cant. Outside of New York the in­
crease over 1898 is 25’3 par cant. The excess over 1897
reaches 49’3 per cent, and making comparison with 1896 the
gain is seen to be 17'8 per oent.

gloux Fall*...... .
Total M l f l C ........
..........
St. Paul...................

Wichita...... .............
H unting*.... . . . . . .
Tot. other W o i t ,
St. L ouis-------- - ...
New O rle«n a..........
Louisville................
Galveston................
Houston.................
Savannah.... . .......
Richm ond...........
Memphis — ...........
Atlanta-...................
NMl.rlJlo...............
Norfolk....................
Fori W orth.............
Augusta...... .........
Little Rock- ..........
Jacksonville ..........
C hattanooga..........
M a co n .....................
Total Southern...
Total all................
Outside N. York.

1888

1899.
P. Q*n'

1,133.485,098 725.J99.d43
08.013 64.1
55.743,850
88, A 504
rt.
17,wo l 782
M.#02.U)1
18,330.101
4,918,185
4,0lri,7«5
2,31V 301
1,999,181
3.430,101
1.400.724
053 <m
£1 -'.Mil
7*16,010
090.538
808.741
736 008
32V.700
894.000
2.007,237,750 S2J.flSd.Ht
130.100.416 110,884,863
i .a u jo o
rt.l6y.ow
2,ai3,7.3
1 ?(>J.iOl
1.SS7.S0I
1.I0S.151
1 605.02*5
1,4 «,«*•!
l 507.5H
13JS.820
1.700.784
i.asu.stfl
1.113,312
1.003.469
758,084
730,373
378.M17
797,183
5
148,109.921 125.093 3W
118,430.0 a
91,021.000
1*.< *8,600
13,140,160
7.*1 5,578
3
0,212.813
0,703,574
0.80*801
0.600,0*5
a.saa.vAi
1.570.HW
6.300,000
2,250,290
*-«••> ! '*!
A.512.40J
S.' Ol 240
1.035.22!
1,593.304
887,781
876. H
id
095.546
007,023
3<■■0,126
3*17 406
322 299
381 rtt7
337.*<>;»
26O.40J
300,000
208,519
196,307
5»;,s»7
203,918
» f 4.655
305,«rt2
101.009
4-88.131!
216.148
574.020
l7O,O77.0e6
18,114.006
l,y 'A,6i#
Ml? 1,1*1
1,084.002
4 0.421
670,448
M 0*13 7:
ywjKto
345 hi a
102.801
f& 336749
9.003 489
8 444 124
3.606,205
2.0 2 5 +
729, m
2 552.170
1.184 102
‘8)0,024
301,019
444.407
47& rtii
,V
lay.os?
137,074
38,300.731
29.033 387
9.051.869
7.816, esi
3,524.500
3.l8;,94ri
2,307 352
3,743.81*
1. V0>885
1,608.034
1 107.614
954 922
887 914
808,504
626,420
847,340
214,280
818,537
39V.00J
(SJ.718.fl 17

139.8 17.739
14,018.740
1 M l.060
1,951,4'0
1,665.010
375.000
850 .107
1**00 000
eil.MO
214,0:15
109,363
23.077 739
10.3*8.076
5,180,507
6.201.W30
3.040.351
2,644,785
700.05 6
i,a w 803
9riH.80$
80J.122
492.182
4m) ISM
613,734
114 184
120,700
3 2 880.107
20 203.009
1l.n 0 807
7,005.461
3.234,260
3,150.473
2.478 1*7
2,020.23'
3 606,343
1,017.402
1,274,3*7
Bit.COS
713.270
801.03?
479.774
a 10.835
370.0V5
193 524
3-3-0 3 *0
OeS.vOQ
1,215,278 12»

*H.3l7.«3fl

IfiO.OiS.l'-O

13.072.078

15A ll.988

Halifax................
1,371,177
1,749,696
Winnipeg..............
Hamilton...... .......
714.134
81. John................
591 012
Vancouver* _____
609.107
Total Canada ......
37.680.270
Not included In tota ls.

1,203.913
037,407
Oll.MO

1
■+50 3 400.S25.000
+72 2
55,154,312
+■100 5
13.038,1*7
13.169.u93
+ 0 ‘4
8,82(1.731
+ 48’6
+10 0
1,795,179
1.811.707
+*73 5
+-3*2
*42.517
+10*9
757,038
070,392
+ 0*8
201,600
—10 3
+67 1 65 i,w2,'.ai6
+ 18 0 102.200.712
1-1*3 0
4,702.800
4-44 (1
2.366,(fS0
+80*6
1,478,188
1,148,765
+ « '»
+ 11*4
1,252,034
+33 8
1.102,974
830.87-1
4 -n i
+-3 8
014,063
+ 9 il)
410,537
+104
110,224,347
+ »o
U3.B18.S30
4-6*6
11.340,050
+22 0
6.101.143
+37*0
4,921.777
-1 0 7
4.701,056
+-15*8
a o ; o.rtto
— 3
0
1,001.051
+32 6
1 387.791
+ 26
1 ;«t«, 221
-1 4
041.742
+87 1
1
670 474
— 2
0
2 *0.880
—13 0
1P4.L80
2 *0.700
TlS 1
—41
200,134
i0 t
l V0,004
+ 80 5
142.372
—0*5
130.64*
+125*0
+33*3
+*10
+10*2
t-34 3
—14 4
+11*8
-21*2
+ 82
+64 1
+ 52 n
—6*0
+0 0
—AS
+J* ®
+2S 7
rare
+11
-5 8
r«T 7
+26*8
-0*4
+3-0
1-0 9
—7-4
+3I-8
+ 14 0
+18*0
+8 9
-17*7
+ io o
+ ?«
09
—4*6

100,144.291
11.358 010
1.201,101
itoa.6,7
1.014.026
412.240
3 2.26H
3*4 82*3
499,370

18f0.
58,&7*).301
lS.072.0i5
13,410,000
3.038,520
1.844.794
1,307.883
800,802
742,759
088.926
898,700
060.770,058
84,889.000
6,007,500
2.381.200
1,313,981
697.748
021.214
441.810
99,477,560
73,415,518
10,024,250
0,713.«07
6,001.489
5.624,906
2 068 800
1 634.4V0
1 028 90S
713,709
66S.V75
200.rt32
243,774
S36 091
215 000
2:40.420
176,000
156,744

111,*88.388
11,8(2,1145
l.lfll SOI
1,118.3*0
1,370.808
1)10,187
444,654
516.382
341,442

46,171
81,746
10.87! 308
10,081,109
10,'. 04.098
0,400.403
4.473,77V
6,030.422
4,104.286
4,059.201
2.466,386
4,1/26,107
3,131,006
2,501,300
617,337
1.351,724
1.009,1O
H
1.B65 O
uO
840,093
0C3.900
461.701
467,715
2*8,071
287,505
384,479
■190,188
320 U25
5377,961
69.025
69.910
81,210
64.444
28.475,200
81,420.030
20,219 270
22,730.208
P.095,750
0 826,715
0.418.997
0,024.77V
2,207,600
2,205,487
2*922.737
2,520.301
a 021.370
2.608,800
2,209,041
2,209.030
-4 3 3
1,810.817
2,406,283
-o s
1.188.187
1,471,420
—M
*8
945,700
1,049.018
87V 400
1.0111,001
+*•«
+34 5
1580,878
745,»fl0
886,721
+0*9
016 709
+l> 0
388.870
458,053
+8 0
376 >88
800,38
-7*8
267,232
218.70
+108
802 284
—5 9
202.009
254,116
-1 2 3
600,000
-0 7
60,613,818
58,3(2,16
+ 43 8 872,856.315 071.912,784
+26*3 411,531,809 410,182,447
-1 3 5
+ 13*8
+18*9
+20*4
+12*0
-3 0

10.040 842
0,140.083
1,030,103
1 044.781
559.005
021.916

-1*8

20,029.334

9,479,000
i. 150,757
082,679
658,ii83

..........

....
98.106,459

1807

18.532 7(18

298

THE CHRONICLE.
THE F IN A N C I A L SIT U A TIO N .

The announcement of the sudden death of Presi­
dent Faure of France, Thursday night of apoplexy,
has been received here with deep regret. His death
leaves France at this juncture in a critical situation.
Still, the very suddenness of the event will rob it of
much of the danger which would have attended it
had the end come after an illness more or less pro­
longed. There would have been time in that case to
have organized a revolution. Now whoever may
have the ambition to head such a movement will
run a much greater risk of failure and conse­
quently cannot inspire others with the hope of
success which a well digested plan would afford. Be­
sides, the world has had good reason to be impressed
of late with the increasing stability of affairs in France.
Her legislators have been growing less sensitive and
hasty in their action when differences of a political
character have from time to time arisen, and her people
also have a much more conservative way of meeting
orises, allowing time to work out a remedy, than they
had a few years ago. There is, consequently, good
reason to srfppose that the change in the head of the
Government will come about in the ordinary way and
without serious disturbance.
The domestic event of the week has obviously been
the phenomenal snow storm attended with very low
temperature which has visited the Middle States and
in various degrees of severity all other parts of the
country. Reports from the Western wheat sections
have indicated more prolonged and more intense cold
than in the E ast; it is claimed also that the plant has
not had a sufficient covering of snow in many places,
especially in considerable portions of Kansas and
Illinois, and that consequently the crop has been
seriously injured. In the Southern States the ther­
mometer has dropped to phenomenally low figures,
freezing weather having been experienced almost every­
where and zero weather over a large area; with refer­
ence to the South we refer our readers to our “ Cotton
Report” for details respecting the storm and its results,
received by telegraph and m ail; they are of interest
not only in relation to' cotton but also have a bearing
on the winter wheat crop condition, since the freeze
has probably to some extent affected that cereal. A
serious impairment in the condition of the Southern
wheat crop might add materially to the home demand
on the surplus States of the Northwest.
But it is not alone the markets for agricultural
products that have been influenced by the storm. At
this centre there is hardly an article of large consump­
tion the price of which has not been for the time
being disturbed. The hindrance put upon the move­
ments of freight on all the railroads having a terminus
in New York ever since Saturday night, and even
before that, uutil yesterday, is accountable in large
measure for this condition. The most of the time
the stoppage of freight trains has been complete,
while the snow in our streets aud the ice along our
water front have likewise interfered with the delivery
of goods, rendering distribution impossible except in a
small way. It may be well enough to add that like
conditions also put a stop to all travel for a time, and
even as we write a normal state of affairs in this par­
ticular is by no means everywhere restored.

[▼ * L Y Z
01 X H .

A natural result from the foregoing recital would
be a greatly depressed Stock Exchange market. Quite
a contrary outcome has been experienced.
The
market opened on Tuesday after a long holiday dat­
ing from the close of business the previous Friday.
Tuesday morning our streets and the railroad tracks
entering the city from every direction were so deep in
the snow as to interdict travel. As a consequence
brokers and their clients were in large numbers pre­
vented from being present at the opening of the Ex­
change; moreover, there were no mails received. A
fair business was however done that day, and the
market as a whole was strong. Among the more
prominent features was a rise in the stocks
of the coal roads and of the Burlington & Quincy.
The former were no doubt favorably affected
by the severity of the storm; it increased the
demand for coal while the snow checked its
marketing; the result was an advance in the price of
that product. Wednesday the stock market was more
aetive, the sales of stocks being 618,242 shares,
against 379,373 shares on Tuesday, but prices were
quite irregular, though investment stocks were as a
rule either firm or higher. Thursday there was a
further development in the volume of business (the
sales being 842,720 shares) with a sharp rise in prices,
which became quite general towards the close of the
day, the granger stocks being the more conspicuous
feature. Reports were also current that an arrange­
ment had been perfected for the settlement of the
Central Pacific debt to the Government.
This
statement was denied the same day by the AttorneyGeneral at Washington, but is now confirmed from
official sources. Yesterday the market was again ac­
tive, strong and higher; the sales were 945,853 shares.
On Thursday an encouraging incident was the state­
ment of the foreign trade movement for January,
made public on that day by the Bureau of Statistics.
We give the figures in full to-day in our usual form
with comparisons on page 310. Like every previous
month’s return for nearly two years, it was very favor­
able. Imports were considerably larger than for the
same month a year ago, being 858,472,000 against
$50,828,000 in January 1898. Those figures indicate
a heal hy and natural growth. Business in the United
States has greatly improved, the purchasing power of
the public has been enlarged, and the consumption o f
foreign as well as home-made goods is consequently
on the increase. Any different result would have
been a disappointment.
But that our trade is still in
a wholesome state is further proved by the fact that
exports also were added to, and it appears that this
addition was just about the' same in amount as
the enlargement of the imports. Hence we have as
the result of the entire merchandise movement a net
favorable balance reaching a total of 857,043,639,
against $57,598,960 in January a year ago, tue mer­
chandise exports ($115,516,000 against 8108,427,000
in 1898) having been the largest of any January in
the history of the foreign trade. Moreover this in­
crease over last year was due only in very small part
to an increase in the exports of breadstuffs, cotton,
provisions and petroleum. The value of the articles
named in the January 1899 exports was 874,624,147,
against 873,176,885 in January 1898. Consequently all
of the month’s increase, except about 1£ million dol­
lars, must have been made up of general merchandise.

F ebrcaby 18, 18U9.J

THE CHRONICLE.

We referred two weeks since to the Republican
caucus of the House held Thursday, Feb. 2, with
reference to monetary legislation by the next Con­
gress. On that occasion Chairman Grosvenor was
authorized to appoint a committee of eleven, which,
after a conference with a similar commit iee of the
Senate, wa3 instructed to report its views to a Re­
publican caucus at the first session of the Fifty-sixth
Congress. This week, on Tuesday, tke names of
the proposed committee were announced. The per­
sons selected are members of the present House, and
have been elected members of the next House. Chair,
man Grosvenor has certainly been very careful and
fortunate in his selections, and if the Senate acts in a
similar spirit the result may prove much more favor­
able than we anticipated when writing of the matter
two weeks ago. The idea of the movement is to take
the work the Banking and Currency Committee and
the Coinage Committee of the Honse have
done and, starting with that, to evolve a
measure which can receive the approval of the party
in power at the opening of the first session of the new
Congresa. It is easy to see a possibilty of decided
advantage in this method of procedure. A way is thereby revealed for the speedy enactment of a sound
currency reform measure if the committee’s work har­
monizes the party. Such a consummation is all that
iB needed to ensure for the country a term of great
prosperity ; while without it the present cycle of
industrial progress will have narrow limits. This
conclusion is a corollary from the figures with
reference to the effect of the revenue deficit on the
Treasury surplus balance given last week by Mr.
Cannon, Chairman of the Appropriations Committee
of the House, and by Mr. Dockery, a member of
that Committee; those figures cannot fail to stimulate
activity in the movement of reform. Delay has
hitherto been encouraged by too great confidence felt
by the public in the permanency and impregnability
of the Government’s gold reserve, fortified as it has
been by the country’s large foreign-trade balance®.
Mr. Cannon’s results show that Congressional heed­
lessness could at any time easily endanger the Treas­
ury situation; they are of a character consequently to
lead the people to new determination to put our cur­
rency in shape, as speedily as possible, never to trouble
us again.
The activity in the iron and steel trades continnes
one of the most noteworthy features of the situation.
Simultaneously, we have the natural concomitant of
rising prices. This week there has been a very
marked appreciation in values. Steel billets at
Pittsburg are quoted 75 cents a ton higher, at
Philadelphia $1 00 a ton higher and at Chicago
$1 50 higher. Pig iron has advanced 10 to 50
cents a ton, and in other departments, also, sell­
ers are asking increased prices. It is worthy of re­
mark that with the inquiry for iron and steel and their
products steadily growing, the monthly statistics of
tne “ Iron Age ” show a falling off during January in
the output of pig iron. Thus the "A g e ’’ reports only
195 furnaces in operation February 1, having a capac­
ity of 237,639 tons per week, against 200 furnaces,
with a capacity of 243,516 tons per week, on January
1. The falling off seems to possess no significance
with reference to the probable production in the
future, being due to the fact that quite a
number of furnaces have been forced to blow
out or bank for repairs, while only a few smaller

299

stacks have started up during the month. A good
many idle furnaces, however, are making prepar­
ations to resume work. Ju st at the moment of
course the diminution of output is an important fact.
We notice, too, that the “ A ge” again reports a de­
crease in the total of furnace stocks, sold and unsold^
the amount February 1 being stated 462,904 tons,
against 506,575 tons January 1 and 688,382 tons last
September.
Under such circumstances a higher
range of values does not seem strange or difficult of
explanation.
In view of the prominence our export trad* in iron
and Bteel has assumed of late the advance in prices is
being discussed with reference to its possible effect
upon that trade. At the moment there seems no
canae for apprehension on that 'account. The situa­
tion abroad is very much as it is here—that
is, the demand is in excess of the supply, with
prices rising. Any one who has read the
communications of our London correspondent
will have noted the 'repeated references to a possible
shortage in the supply. Thus in the letter published
by us last week he called attention to the fact that
the activity was so great that much apprehension was
felt as to how sufficient pig iron could he procured.
What is true of Great Britain is true also of Germany.
There trade has likewise been steadily progressing, and
the inquiries in every direction are most urgent. The
“ Age,” in a letter from Berlin under date of Feb­
ruary 2, reports that “ the scarcity of material re­
peatedly alluded to continues along the whole line.”
As specific instances, it mentions that the ore mines
are now so crowded for tonnage that they cannot
meet the requirements, and that in pig iron prices
have advanced 2 marks per ton in view of the rising
tendency of ore and fuel, and all grades have been
sold up for the balance of the year. Thus the truth
would appear to be that the activity of the iron and
steel trades is world-wide, and that the United States
in reporting higher prices is simply repeating the
experience of the other leading producing countries.
We have referred above to the strength of the an
thracite coal properties on the Stock Exchange this
week. The warrant for this strength is found in the
changed situation of the anthracite trade. There had
been steady improvement even before the peculiar
weather conditions of the last two weeks came in to
give a special stimulus to the market. With opera­
tions rendered impossible at the mines by reason of the
snow and low temperature, with the means of transpor­
tation interrupted for the same reasons, with our har­
bors choked with ice, and with street traffic most seri­
ously impeded because of the snow accumulations, coal
has naturally become a scarce article. The usual
result of higher prices has followed. The extent of
the increase in charges by the retailers has been de­
termined by each dealer for himself. A more import­
ant circumstance has been the action of the Delaware
Lackawanna & Western|in advancing tide-water prices.
That company on Tuesday announced a new schedule
which showed an increase of 20 to 40 cents above the
lowest figures recently ruling. The other companies
of course have followed the action of the Lackawanna.
If the higher prices rested simply on the temporary
pressure of the past week, the step might not be in­
vested with great significance. But the fact is, there
has been, it would seem, a distinct increase in con­

300

THE CHRONICLE.

sumption during the current year, due in part to
the cold weather and in part to the industrial re­
vival in progress. An encouraging incident of the
week has been the announcement that Mr. W. H.
Truesdale of the Rock Island has definitely accepted
the presidency of the Lackawanna, to succeed Mr.
Sloan.
The improvement in the railroad situation finds added
illustration almost every week in some new or enlarged
dividend distribution by one company or another.
The Detroit Grand Rapids & Western has just de­
clared a dividend of 3 per cent on its preferred shares.
The company is the reorganized Detroit Lansing &
Northern, and there is little interest in the securities
here. But in Boston it forms one of a number of
small roads commonly known as the Merriam-Thayer
properties, and which in recent years have been
struggling against adverse developments. The divi­
dend is the first one made by the new company. It
calls for only 195,505, while the surplus above charges
on the operations for the late calendar year is re­
ported $134,340, this comparing with a surplus of
$97,558 ’for the previous calendar year. We notice
that the Chicago & West Michigan, which also is a
Michigan road and controlled by the same people, re­
ports a surplus above charges for 1898 of $20,772
against a deficiency below charges in 1897 of $62,782.
Money on call, representing bankers’ balances, has
loaned at 3 per cent and at 24 per cent at the Stock
Exchange during the week, with the bulk of the busi­
ness and the average at 24 per cent. Banks and
trust companies quote 24 per cent as the minimum,
some banks however obtaining 3 per cent.
The
market for time loans is practically unchanged. The
supply of money on good Stock Exchange collateral is
iberal, while the demand is fair; rates are 3 per cent
for sixty to ninety days and 34 per cent for longer
dates. Borrowers who offer a large assortment of in­
dustrial properties as security continue to be required
to pay from 1 per cent to 14 per cent higher rates for
money than those above quoted. Brokers report a
good business in commercial paper and the market
is fairly well supplied with acceptable names. The
demand is good though not so general as it wasa fort­
night or more ago, some of the banks having full lines
and being disposed to limit their purchases to the
choicest names. Rates are 3 per cent for sixty to
ninety-day endorsed bills receivable, 34@4 per cent
for prime and 4@5 per cent $or good four to six
months’ single names. One feature this week has
been the receipt by banks of comparatively large
amounts of gold by mail from California.
It
was reported on Thursday that there had been
received at the Post Office that morning about
$2,000,000 of gold, and one of the foreign bankers
admitted that his receipts from San Francisco this
week would be at least $1,000,000. On this basis it
it estimated that the receipts of California gold by
mail this week will reach at least $3,000,000. Trans­
fers of currency through the Sub-Treasury are now
made for small sums, in exceptional cases, but then
only on direct order from Washington in consequence
of the limited amount of notes held in the Treasury.

LV o l . l x v i j i

important features in the European financial situa­
tion this week. The Victorian 3 per cent £1,600,000
stock issue, to which reference was made in this
column last week, was successfully placed in London
at a small premium over the issue price of 95.
We noted last Saturday that the new German
Joans for 200,000,000 marks had been largely over­
subscribed. Later advices state that the subscrip­
tions aggregated 4,500,000,000 marks.
The issue
price was 92 while the bonds were purchased by the
Deutsche Bank at 91f.
The subscriptions are pay­
able in monthly instalments of 25 per cent, begin­
ning February 18, though for amounts of 3,000 marks
or less full cash payment is called for on the date men­
tioned. A deposit of 5 per cent was required with
subscriptions.
The representative of the Deutsche
Bank in this city informs us that the issue was strictly
of a national character— German “ governments ” for
Germans. The Bank of England minimum rate of dis­
count remains unchanged at 3 per cent. The cable re­
ports discounts of bank bills in London 24 on Thursday
and tlie same Friday. The open market rate at
Paris was 2|@2| Thursday and
Friday. At
Berlin and Frankfort it is 3f@ 3| per cent. A c­
cording to our special cable from London, the
Bank of England gained £598,246 bullion during
the week and held £33,998,330 at the close of the
week. Our correspondent further advises us that the
gain was due to the import of £286,000 bought in the
open market and £312,000 net received from the
interior of Great Britain.

The foreign exchange market has been generally
s trong this week, influenced by a good demand to
remit for stocks which have been bought in London
for New York account, and which have either arrived
or are in transit. The supply of bankers’ bills has
been and still is inadequate to meet the inquiry, and
hence the strong tone to the market. The offerings
of commercial bills have also been small. One reason
is that {exports of staples have been checked by the
severe snow storm, and another reason assigned is
that usually, at this season, there is a falling off in
these exports.
The
market was quiet for
the greater part
of the week, there being
no regular mail on Wednesday, owing to the
withdrawal of the Germanic and the Paris, and the
tardy arrival of incoming steamers. It is announced
that about $1,000,000 gold is in transit from Sydney,
N. S. W., for San Francisco, having been shipped on
Tuesday. Arrivals of gold from Europe during the
week were $823,658, the total imports being $828,601.
Nominal rates for exchange were quite generally ad­
vanced on Tuesday and the range on that day and for
the remainder of the week was from 4 844 to 4 85 for
sixty-day and from 4 864 to 4 87for sight. Rates for
actual business opened on Tuesday at an advance of
half a cent for long and short and of one quarter of a
cent for cables, compared with the rates at the close
on Friday of last week, to 4 84@4 844 for sixty day,
4 86@4 864for sight and 4 86f @ 4 87 for cable transfers;
and the tone was quite strong, so continuing on the
following day, though without any change in rates. On
Thursday the market was dull and steady, though it
was reported that there were some offerings of arbit­
rage bills against purchases of stocks for European ac­
count. The tone was steady on Friday. The follow­
The sudden death of President Faure occurred ing shows daily posted rates for exchange by some of
Thursday night. Other than that there have been no the leading drawers.

F

ebrcab

Y 1 8 . 1 8 9 9 .]

THE CHRONICLE.

B01

and navy. He even declared that, under certain con­
ditions, he was in favor of a shipping-subsidy bill and
3 .Mt> 1 TUBS.. WlB.. TSXJR , FBI.,
Fki ..
Feb. 10. Feb 18. Feb. 14. Feb. 15. Feb. 16. Feb. 17. of a bill to construct through Government resources
65
85
84*
84*
*4*
„
fiiJOdayi.
the Nicaragua Canal; but ho concluded forcibly by
87
87
86*
S
6*
86*
Brown Bros... • •j sight....
•
85
85
85
86
84*
declaring that he should “ object here if it is proposed
Baring,
87
87
67
37
Magoan A Co., 1Sight—. 86*
85
85
85
85
MH
to enter upon new lines of expenditure until they
tiank British
S60 days.
87
87
57
S7
No- America.. ( Sight-..
iM
?6*
84*
84*
84*
84*
<
have been fully considered by the House of Represent­
84
3*5* of
<60 days.
80*
86*
86*
SO*
3
86
Montreal....... \Sight-..
84*
atives, and even then unless there is already upon
84*
84*
84*
84
Canadian Bank <80 days.
3
H0*
86*
86*
96*
i f Commerce.. \Sight-.. 86
2
the statute book, or unless hand in hand with the
=5
85
85
85
HeLdeibach, lek- <60 days, Si*
87
87
87
87
80*
elheimer S Co. <Sight—
t
legislation there goes upon the statute book, legisla­
84*
P4*
84*
84*
84*
Frerw... j
30*
96*
86*
96*
86*
tion that will give the money necessary to meet the
85
84*
34*
34*
Merchants" Bk. { 00 days, 84
S7
c6*
86*
86*
of Canada.......1Sight-. l «6
expenditures.”
The market closed steady on Friday with rates lor
We are glad to see from the official report that
actual business at 4 84@4 8T} for long, 4 86@4 86} this statement of his position by Mr. Cannon
for short and 4 86}@ 4 87 for cable transfers. Com­ was greeted with applause. That it has been thus
mercial on banks 4 834@4 83} and documents for pay­ greeted by the intelligent outside public we have not
ment 4 82}@ 4 834. Cotton for payment 4 82}@ 4 83, the smallest doubt. It has never yet been our lot to
cotton for acceptance 4 83}@ 4 83f and grain for pay. meet an American citizen who, when asked flatly as
to the right or wrong of appropriating public money
ment 4 834@4 83}.
in time of peace in excess of Government revenue,
The following statement gives the week’s movement did not at once express bis entire disapproval of
of money to and from the interior by New York banks. the plan. ' Public sentiment, in short, is sane and
soundon the question,and on being moderately aroused
R*C4iTtd frv Shipped 6$ Net Interior
1
Vt4k Ending Feb. 17. WW.
S. T. Bank*. S. 7. Bank*.
Movement,
by Mr. Cannon’s presentation of the facts and figures,
47.701,000 *4.405,000 r.< *.*9.802.000 it has undoubtedly influenced the action of Congress,
M
3.000,000 1,31'i.000 Ornla. 088,000
'♦old..— . ™ ...— .....................
This we infer from the defeat, last Wednesday,
Tola! gold and Ural tenders----- «4.703.000i 16,817,000 Loss42.U4.000
of the attempt to carry the Nicaragua Canal
With the Sub-Treasury operations and gold im­ bill by attaching it as a “ rid er” to the Sundry
ports the result is as follows.
Civil appropriation bill. That somewhat unusual and
on principle very objectionable expedient was in­
Ob! «/ I .V* rvjfia, <*
/aid
Sending F«b. 17, 18W.
/links. I Bank HvLUnz*.
Bunk*.
duced, as Mr. Grosvenor, its chief advocate, bluntly
Bknka’iaUftor too*©meat, *• above M.703.000 18.817.000 Loss 83,114,000 announced, by the belief that, after the speech of
'wab-Treorfary opSftUuu..— ...... *1.040.000 10.800.000 ;<4eio. 1.350.GC0
Total gold and Ugai tenders...... *35,753 000 $26,017,000 Lisa «S64,(X0 the previous week, Mr. Cannon's appropriation com­
mittee would refuse consideration to the Nicaragua
Bullion in principal European banks this week:
bill. The friends of the measure therefore under­
Ftb i7 i *m
ftb. u .
took to force it on to the calendar by voting it as an
Bank of
Gold.
SUMT. | 7tt+1.
SUv#r.
' 'W
eu.
amendment to a wholly different measure already
X
1
$
«
$
1
The amendment, as thus
England .... 33*99^130 ............I 83,908,830 93,408.864 ............. ! 83.403,861 reported to the House.
t?,&60,3«2 vmjim.y?* 77 ISB.ita 4S.SI9.701 lJ5.6‘H,*2:t proposed in the committee of the whole, was ruled
France.,.......
1
O
Oernisnj*, .. 2Y«*,00o 14M 1.000 42,767,000 .1 597.000 10,174 O O 47.S71.CO0
O .4IO O 4.350.000 103.700.000 n7.oos.coo i.iio.000 m ais.oco out of order by the Chairman ; an appeal was taken,
V .C O
Sasaia
Aaat-Qaog’y sa.7
1w.00c CM44,000 48^232,000 SR417.000. ia.S15.000 4»AS’ .00C
O
n.c?».ooo 8015.000 10.fi04.O O 9.SO O 10.dw.00oi *..151.000 and in a full vote the Chairman’s ruling was sustained
I.O O
taiy
2.314.000 17,371,000 is,5«.000j *.m,OO0j 17.m,0r
by a majority of 18.
O
Netherlands. 4.314,000 6,800 000 11*114,000 *.(38 000 d 5!0.000 9.I8S.O O
We do not intend to go into the merits of the meas­
Nat. Beigiom* 3-154.000 1.877.000 4,731.000 *,-53,000; 1.412 000 4,Z3o.0o.
Tot.this »Mlt 303.051 912 **,940.382 402,001,30* 336,C«2.*33 109074704 428,137.087 ure thus defeated,
It is certainly our opinion that
403.237,100 W .79M B 10107191 i 1426,4/8^67
Tot, prei, w’k 304.010 037
the bill in its present form is altogether too vague,
# The division
m id end stiver* if}von to oqf table of coin
a n d bullion I d tbs* Bank o f Orrtoany end th* Bant of Belrtnm ta mad©
that it gives by far too indefinite a power to the ex­
from the beat eaticoare w© arr* able to Ob’ a lo ; In neither caa© 1* H
claimed to be aecarate. aa tbo*e backs make d o distinction in tbeir ecutive branch of government, and that its authors
w e e k l y r « t a m morels reporting to© total gold and silver. Imt we nehave shown a singular lack of clearly formed opinion
berethe division w» make i« a close approximation.
{for® .
re c e iv e th e fo re g o in g -ra s u it* w©©kiy b y oa M * . and while
as to what the ultimate cost of the enterprise would
cot all of the date g iv e n at the head of the column, they are t ie r
be, and as to how the diplomatic obstacles in its way
could be overcome. But this is not the point of present
THE A P P R O P R I A T I O N QU E STION A G A I N . consideration. We think the action of the House on
We referred briefly last week to Mr. Cannon’s this measure is both important and reassuring, because
speech in the House of Representatives on February it shows that Mr. Cannon’s warnings have not fallen
9 regarding pending plans for Government expendi­ on deaf ears. If, after Mr. Cannon’s plain statement
ture. The full report of these remarks and of the of the deficit before the Treasury with only the regu­
discussion which followed them have since come to lar department appropriations, the House had stub­
hand in the “ Congressional Record,” They show bornly insisted on pushing this grant of $115,000,more forcibly even than the telegraphic summary 000 or more upon the statute book, there would have
that the one purpose of Mr. Cannon and of his fellow- been left little encouragement for further conservative
committeemen was to call a halt on the blind appropri­ counsel.
ation of public money by wholesale, wits out first
Mr. Cannon's position is in itself so simple that to
asking whether the public income would be sufficient the average mind it might seem strange that any Con.
to provide for such expenditure.
gressman should dissent from it and tha even the
Mr. Cannon was careful—and we think wisely so Canal bill s minority of 109 could have been induced
under the circumstances— to keep aloof from criti­ to ignore it. But the truth is that the natural judg­
cism of any of the various proposed appropriation ment of a very large part of our legislators at Washing­
bills in themselves. He frankly announced his ap­ ton is perverted, first by a thoroughly bad system
proval of an increase in the personnel of the’ Jarmy of legislative budgets, and then by the very alluring
DAILY POSTED RATES FOB FORBIGN EXCHANGE.

302

THE CHRONICLE.

idea, to which all national legislatures are subject,
ihat whatever happens in the way of deficit
the Government will find some way out of it.
The mischief caused by our system of revenue
and appropriation bills we have often discussed be­
fore. With one committee framing plans for the
revenue—often with reference chiefly to one or
another economic theory—and with half a dozen
separate committees framing plans for appropriations,
nothing but the most remarkable of coincidences
could bring out the year’s receipts and expenditures
at equal or nearly equal totals. To run for three
consecutive years,
as the British Exchequer
did not long ago, with a difference of only
$3,000,000 between receipts and expenditures for
the entire period, is possible only through Parli­
ament’s scientific manner of dealing with the
budget.
Our own hap-hazird system finds its
natural results in such convulsive movements as
the plunge from a surplus revenue of $119,600,000 in
1888 to a deficit of $69,800,000 only six years later.
Such a system, aside from its other extremely bad
results, cannot fail to encourage a happy-go-lucky
feeling in the brain of every appropriation committee­
man. Absolute belief in the resources and possibil­
ities of the country is common to every American ;
it is therefore again hardly surprising that the sup­
porter of any or all appropriation bills should trust
with almost childlike simplicity to the necromancy of
the Ways and Means Committee.
They somehow
created a surplus revenue of $119,600,000 in 1888
and of $146,500,000 in 1882. Very well, then, let
them do the same thing again.
We believe that this feeling, instinctive or expressed,
is absolutely fatal to any system of economical gov­
ernment ; yet it seems to us that it is perfectly
inevitable under our present system of construct­
ing budgets.
What, for instance, could be more
absurdly naive than the action of the Fifty-sec­
ond Congress? A public deficit was in sight in 1892,
and the House had publicly recorded its pur­
pose of being'frugal with appropriations. Its com ­
mittees accordingly cut down naval appropriations
$9,000,000 and the fortifications allowances $3,000,000. This done Congress promptly proceeded to
add $8,000,000 to the River and Harbor appropriations
of the preceding Congress and $80,000,000 to the
allowances for pensions. We can hardly doubt that,
with the existing system, the same thing would be
done again under similar circumstances.
M Cannon has, < think, grasped the true con­
»*.
ve
ception of the legislator’s duty in these matters. The
reason why Great Britain’s public revenue and ex­
penditure so nearly balance, year after year, is, first,
because the exchequer authorities never dare to pro­
pose a new or increased expenditure until they are
able simultaneously to propose the means for meeting
it; and, second, because Parliament instantly takes
these items of expenditure in hand, not in a
spirit of thoughtless enthusiasm and liberality, but
as the jealous guardian of the people’s rights in the
matter of taxation. A speech like that of Mr. Can­
non might readily be heard from the front benches of
Parliament when Sir William Harcourt or Sir Michael
Hicks-Beach had submitted his budget of proposals
for annual revenue and expenditure. Only— and the
contrast here is extraordinary— such a speech at W est­
minster would be the warning addressed by the Legis­
lature to the Exchequer. At Washington it is the

[VOL. LXV III.

warning addressed, in behalf of the Treasury, to the
Legislature itself.
The speech of last week was very clear in showing
that if the pending extraordinary appropriaiions were
to be endorsed by Congress, the Government would be
forced again into the loan market by the middle of
next year. His warning, as we have seen, has already
had salutary results; but we think he might have gone a
step further in outlining the more remote dangers of
such hap-hazard appropriations. We are not sure that
the results of last year’ s $200,00(1,000 loan operation are
of themselves free from serious danger as a precedent.
The public credit in the eyes of the present generation
of legislators is as much a Philosopher’ s Stone or a Fortunatus Purse as government paper money was to a for­
mer generation. Taxation to meet the interest on public
debt is felt so slowly and so indirectly by the taxpayer
that it is very easy for a perplexed finance minister or
for a legislature fearful of its constituents to resort to
Lombard Street instead of adding a fraction to the
tax on property or trade.
If the already overbur­
dened tax payers of Continental Europe were induced
to yield submissively to the enormous pile of public
debt heaped up to pay for the standing armaments, is
it too much to say that danger lies ahead in the same
direction for the much less oppressed tax payers of
the United States.
The citizen certainly does not feel the individua
pressure of the interest on $200,000,000 as he
would have felt the same sum raised by heavier
taxes on
his daily
comforts
and
conveni­
ences. He will not feel it until the load of cur­
rent liabilities, remorselessly heaped on the shoul­
ders of coming generations, has grown to proportions
so enormous as to be almost unbearable, and then, as
the recent history of Europe shows, it is too late to
retrace the steps already taken. We believe that such
sound and vigorous protests as those of Mr. Cannon
and Mr. Dockery, sustained as these have been by a
healthy public opinion, are the best assurance that
our own Government will not follow blindly in the
path of the mortgaged States of Europe.

G R O W IN G M A G N I T U D E O F TR U ST
COM PANIES.
We have several times in recent years taken o cca ­
sion to refer to the marvelous growth and expansion
of the trust companies of this State. But as each
succeeding semi-annual return appears and the same
feature is observed, still further emphasized, the de­
velopment becomes additionally significant and im ­
portant and invested with a new degree of interest.
The statistics for January 1 1899 have recently been
compiled by the State Superintendent of Banking,
and they show that the upward movement has not yet
been arrested, but on the contrary seems to be gain­
ing in force and extent.
It may be said that no characteristic of the recent
past has been more noteworthy than the striking way
in which the business and operations of financial in­
stitutions of all kinds have been growing daring the
last few years. The deposits of our New York Clear­
ing House institutions are rapidly approaching the
nine-hundred-million mark, having been reported
last Saturday at $888,059,100. To indicate how great
the expansion has been within a short period of time,
it is only necessary to say that the previous December
the 800 million mark was reached for the first time,

r F E B R U A B V 1 8 , 18 0 9 . J

TH

C H K O N LC LF.

303

that in January a year ago the 700 million mark was making the increment for the twenty-four months not
first attained, and that never previous to July 1897 far from 162 million dollars, or about 53 per cent.
had the total been a3 high as 000 million dollars.
In The total now stands at $467,184,258, against only
the same way a telegraphic dispatch from Albany has $305,354,637 January 1 1897, and but -$211,320,075
this week brought to notice the fact that the resources January 1 1891. Lest it may he supposed that this re­
of the savings banks of this State now aggregate con­ flects the addition entirely of new companies to the list,
siderably over nine hundred million dollars, the of­ rather than the growth of the business of the old com­
ficially reported total being 1923,120,861.
panies, we will say that it is theold and long established
These latter gains, however, may be taken to reflect institutions that are especially conspicuous in this re­
simply the expansion of the country itself, the Clear­ spect. In onr I n v e s t o r s ’ S u p p l e m e n t for January 25
ing House banks [showing 'in their rising volume of ( pages 165 to 168), we published the returns for all
deposits our widening trade and the country’s growth the companies in New York City and Brooklyn, and
in wealth and financial importance, and the savings comparing these with those for two years ago the de­
banks showing in their added resources the new ac­ velopment made in the interval becomes strikingly
cumulations and savings which are the natural con­ apparent. In this period the Farmers* Loan & Trust
comitant of such conditions. The increase in the Company has extended its deposit line from $28,351,trust companies, on the other hand, represents the 589 to $44,875,058, the Central Trust Company from
rise and development of a distinct class of financial $25,240,756 to $45,978,281, the Guaranty Trust Com­
institutions, and one which in its business and opera­ pany from $11,998,162 to $22,614,428, the Mercantile
tions embodies some of the features of both the other Trust from $29,791,653 to $38,394,667, the Metro­
classes of institutions—that is, combines the char­ politan Trust from $8,593,804 to $15,696,706, the
acteristics of banks of loan and deposit with those of Union Trust from $31,766,333 to $36,859,173, and the
institutions for the care-taking and employment of the United States Trust from $35,970,129 to $44,684,041.
savings and funds of those who are unable or do not The following gives the aggregates for all the com­
care to invest for themselves. In this sense the trust panies in the State on the first of January of the last
companies may be said to trench on the domain of the nine years.
AO.OUKOATB DEPOSITS OF THE SEW YORK TRUST COMPANIES.
other ooncerns. Nevertheless, in many ways they
J»n. 1, 1399,............. $467,184,258 Jan. 1, 1894.
$268,092,955
occupy a separate and distinct field, and perform Jan. I, 1898.............. 383,328,725 Jan, 1, 1893,
204,295,048
J in. 1, 1897............... 305,334,837 Jan. 1, 1892.
234,406,697
rarions functions which are peculiarly their own.
JttB. 1, 1896. ............ 307,351,893 Jan. 1, 1891.
211,320,275
Jan. 1 ,1995.............. 285,744.794
The gain established by the trust companies during
With reference to the investments, collateral loans
the last twelve months has boen more noteworthy
have always been a favorite form with the trust com­
than that for any preceding similar period since these
institutions have come into prominence. And if we panies, and hence it is not surprising to find a further
very decided expansion in that item. The companies
take the addition for these twelve mouths and com­
had 283 millions of money ont in this way on January
bine it with the addition for the twelve months pre­
ceding, we find a degree of growth which is as striking 1 1899 (nearly 50 per cent of their entire assets),
and noteworthy a3 any of the phenomena for which against 230 million January 1 1898 and 169 million
the financial development of the last two years has January 1 1897. After 1893 the item Btoppcd grow­
been so distinguished. In an article in our issue of ing for a timo, and even showed a retrograde move­
August61898 weindicatedhow these institutions have ment (reflecting in this the decline in Stock Exchange
been multiplying in number; we shall not undertake speculation and also the disinclination of the com ­
to go into this phase of the question to-day, but shall panies to loan at the high prices for stocks ruling at
deal only with the aggregate results comprising the that time), but since then there has been a steady
increase, year by year, at first slow but latterly at an
whole body of institutions.
accelerating pace, as may be noted from the subjoined
The fact which stands out most conspicuously is
figures.
that the trust companies of this State in 1898 added
LOANED on COLLATERAL BY TRUST COMPANIES.
951 million dollars to the resources under their con­ Jan. 1, 1899..............*283,4''2,«2l , Jan. I, 1 » 9 4 .............. $147,794,024
1 ,1 - 9 - ...............
Jan. 1,1898..............
trol, after an addition in 1897 of 87 million dollars, Jan. 1.1897............... 2: 0,581,708 I Jan. 1 , 1“ 92.............. 196,321,422
Jan.
149,891,938
173, .52,829
Jan. 1. 1890
1 0 0 ,1 6 1 ,3 4 8 I J a n . 1, 1 89 1 ................. 1 6 0 ,6 8 5 ,7 5 8
making for the two years an increase of 1821 million Jan. 1. 1895.............. 148,953,820 I
dollars. Stated in another way, between January 1
The companies of course also keep adding to their
1897 and January 1 1899 the aggregate resources so-called “ stock investments,” but in a much more
rose from (roughly) 396f million dollars to 6791 mil­ moderate way. The aggregate of money so placed
lion dollars. It will be seen that the increase for the now is $136,561,066, against $113,525,798 a year ago
two years has been not far from 40 per cent. If we and $101,983,600 two years ago.
go a little farther back, we find that on January 1
STOCK INVESTMENTS OP TRUST COMPANIES
$05,990,230
Jan. 1,1899..............
1891 the resources aggregated only 1280,088,769, as Jan. 1,1898.............. 8130,561,000 Jan. 1, 1894..........
57,1«5,649
113,525,798 Jan. 1,1893..........
51,132,239
101,983,600 Jan. 1. 1692..........
against the present total of <579,205,442, Here istha Jan. 1,1897.............. 104,012,830 Jan. 1, 1891............
47,130,478
Jan. 1. 1890...............
Jan. 1, 1895.............. 97,555,793
yearly record between these two dates.
One item has undergone noteworthy contraction dur­
kaaKBOATK ussoVRcm o r the trust companies of sew tork state
.r»n. 1, 1 9 9 9 ............ $579,205,4-42 Jan. 1, 1884............... $341,406,011 ing the last six months.
We refer to the loans on
i n . 1. 1898............... 483,739.926 Jan. 1, 1893............... 335,707,780
Jan. 1,1397.............. 390.742,948 Jan. 1. 1892............... 300.765,575 personal security.
This did not form a heavy pro­
J»n. 1.1896.............. 392.030,040 Jan. 1, 1891............... 280,088,709
Jan. 1. 1395............... 365,419,729
portion of the total investments even when the item
Of course the growth in deposits has been no less was at its highest, hut it attracted attention
striking, for the deposits constitute the main item in because it had been growing larger by degrees
the resources. They furnish a more direct measure of and also because the bulk of the loaning in this way
the increasing extent to which the trust companies has been done by a few large institutions. The
are being used by the public. The deposits were amount now is $29,930,375, against $31,183,292 in
added to in the sum of almost 84 million dollars in 1898 and $25,788,188 in 1897. But last July the
1898, after an addition in 1897 of 78 million dollars, total was $39,150,212. The New York Life Insur-

THE CHRONICLE.

304

ance & Trust Company is now carrying only $5,537,808 of such loans against $9,592,184 last July,
the United States Trust Company $10,229,718, agunst
$12,333,663, the Farmers’ Loan & Trust Company
but $73,000 against $2,387,000, the New York Security
& Trust $1,834,663 against $2,569,854, and several of
the other institutions also show marked reductions
during the six months. We annex the following
yearly comparison.
LOANS ON PERSONAL SECORITK BY TRU8T COMPANIES.

Jon.
Jan.
Jan.
Jan.
Jan.

1, 1899.................$29,930,375
1, 1898................ 31,183,292
1, 1897................ 25,788,188
1,1896................ 29,369,701
1 ,1 8 9 5 ................ 22,791,215

Jan.
Jan.
Jan.
Jan.

1,1894................ $22,636,957
1, 1893................ 19,698,925
1, 1892................ 17,210,115
1,1891................ 9,755,613

The companies still hold a considerable portion of
their assets uninvested in the shape of cash in their
own vaults, or on deposit with the banks, but at least
the situation in this particular has improved during
the six months. Last July the cash holdings were
$87,544,519, now they have been reduced to $71,734,620, at which figure, however, they compare with
$55,034,451 January 1 1898. Back in 1894, with a
much smaller total of resources to invest, the cash
amounted to $74,365,761.
CASH ON HAND AND ON DEPOSIT.

Jan.
Jan.
Jan.
Jan.
Jan.

1,189!*,
1, 1898.
1,1897.
1, 1896.
1,1895.

$71,734,620
55,034,451
54,642,344
50,804.137
. 61,206,703

Jan.
Jan.
Jan.
Jan.

1, 1894
1,1893
1,1892
1, 1891

.$74,365,761
. 35,013,016
. 33,931,847
. 26,564,978

The trust companies do not put much of their funds
out on bond and mortgage on real estate, and this
item calls for little comment. The changes are sim­
ply in the nature of small additions from year to year,
as aggregate resources keep rising.
HOLDINGS OP BONDS AND MORTGAGES.

Jan.
Jan.
Jan.
Jan.
Jan.

1, 1899
1,1893.
1, 1897
1, 1896
1,1895

$34,855,023
. 32,624,995
. 28,692,428
. 25,114.077
. 21,569,504

Jan.
Jan.
Jan.
Jan.

1, 1894
1, 1893
1, 1892.
1,1891

$17,451,674
. 15,062,290
13,373,463
17,537,008

RIGHT OF CONGRESS TO VALIDATE
ILLEGAL TERRITORIAL BONDS.
The U. S. Supreme Court last month decided a case
involving the question whether Congress can legalize
Territorial bonds which the Court had previously de­
clared invalid because not in consonance with the
requirements of the statute regulating the debt issues
o f Territories. As might be expected, the Court
answers the question in the affirmative. The facts
are somewhat interesting.
The case was that of Utter et. al., vs. Franklin et.
al. The plaintiffs, as the owners of bands issued by
the County of Pima, in the territory of Arizona, in
aid of the Arizona Narrow -Gauge Railroad Company,
sought to compel the Governor, Auditor aad Secretary,
constituting the Loan Commissioners, to issue refund­
ing bonds in exchange for the railroad bonds. Iu this
effort the plaintiffs failed, it being contended on be­
half of the Loan Commissioners that the bonds iu
question had been declared, both by the Supreme
Court of the Territory and the U. S. Supreme Court,
to be void. Their petition having been denied by the
Arizona Supreme Court, the plaintiffs carried the case
to the U. S. Supreme Court.
It appears that the bonds on which the suit was
brought had been declared invalid by the U. S.
Supreme Court in the case of Lewis vs. Pima County
(155 U. S. 54, 15 S ip. Ct. 22), upon the ground that
bonds issued in aid of railways could not be considered
debts or obligations “ necessary to the administration
o f the internal affairs ” of the county within the
meaning of the Act of June 8 1878. Subsequently,
however, various other acts were passed both by the

[\0L. L X VI LI.

Territorial Legislature and by Congress, creating
Loan Commissioners, and providing for the fund­
ing and payment of the indebtedness existing
and outstanding on the 31st day of December 1890
of the Territory, and of the counties, municipalities and
school districts within the same. Finally in 1895
(doubts being felt as to the adequacy of this legislation)
the Territorial Legislature adopted a memorial to Con­
gress to the effect that under various acts of the
assembly the counties were authorized to, and did,
issue railroad aid bonds, which were sold in the
open market at their face value and were then
held at home and abroad by bona fide purchasers;
that the validity of these bonds, though questioned,
was acknowledged by the payment of interest thereon;
that a repudiation of the same would work a great
hardship to the holders, and affect the credit of the
Territory; and therefore the General Assembly urged
upon Congress the propriety of passing such curative
legislation as would protect the holders of all bonds
issued under authority of its acts, the validity of
which had been acknowledged, and relieve the people
from the disastrous effects of repudiation.
In compliance with this memorial Congress on
June 6 1896 passed a new A ct amending and extend­
ing the provisions > previous acts so as so accomplish
f
the end sought. Justice Brown, who delivered the
opinion of the Court, said that in construing the A ct
of Congress the memorial might properly be con­
sidered as bearing upon the intention of Congress
and the exigencies the Act was designed to meet.
Aside from this, however, the language of the A ct of
Congress was plain enough. Its evident purpose was,
Justice Brown declares, to authorize the fund­
ing of all outstanding bonds of the- Territory
and its municipalities which had been authorized by
legislative enactments, whether lawful or not, pro­
vided such bonds had been “ sold or exchanged in
good faith and in compliance with the terms of the
Acts of the Legislature by which they were author­
ized.” The second section deals with the original
bonds which had not been theretofore funded, and
provides that all such as had been theretofore issued
under the authority of the Legislature, and which by
the first section were authorized to be funded, should
be confirmed, approved and validated, and might be
funded until January 1 1897.
The Court declares it was within the power of Con­
gress to validate these bonds. Their only defect was
^that they had been issued in excess of the powers
conferred upon the Territorial municipalities by the
act of June 8 1878. There was nothing at that
time, says the Court, to have prevented Congress
from authorizing such municipalities to issue bonds in
aid of railways, and that which Congress could have
originally authorized it might subsequently confirm and
ratify. The Court, he asserted, has repeatedly held
that Congress has full legislative power over the Ter­
ritories— as full as that which a State legislature has
over its municipal corporations. Curative statutes of
this kind, it is pointed out, are by no means unknown
in Federal or State legislation. Thus in National Bank
vs. Yankton County, the Court sustained an A ct of
Congress nullifying a legislative act of the Territory
of Dakota authorizing the issue of railway bonds, but
validating action theretofore taken by the county
voting subscription to a certain railroad company,
holding it to be “ equivalent to a direct grant of power
by Congress to the^county to issue thebonds in dispute.’

F e b r c a r v 18, ifc99.j

T H E

C H R O N IC L E .

306-

In Thompson vs. Perrine (103 U. S. 806), an aot of the less rich, protected by lams th at g iv e a sense o f secu rity to
State of New York, ratifying aDd confirming the in vestm ents and operations— to fields o f lim itless n atu ral a t­
action of Commissioners in issuing similar bonds, was traction s n ot so protected. It m ay be claim ed th at th e a n ti­
tru st la w of the S tate is a c tu a lly no m enace to capital. E ven
sustained. In Read vs Plattsmouth (107 U. S. 56$, % i f such contention could be sustained by argum ent, the fa c t
Sup. Ct. 208) a like ruling was made with regard to rem ains th a t ca p ita l regard s it as a m enace, and believes i t
an act of the Legislature of Nebraska validating an to be founded on a hostile p n b lic sentim ent to people w h o
issue of bonds by the city of Plattsmouth for the pur­ h ave m oney to invest.
I sym pathize w ith w h a t I take to be M r. L o ck ett’s purpose
pose of raising money to construct a high-school
— v iz ., to reassure capital on all these points— and the quo­
building.
tations from the G o vern o r's in a u g u ra l, show ing safe an d
The fact that the Court had held the original healthy view s, are w e ll tim ed. I think his w ell-w ritten a rti­
Pima County bonds invalid does not affect the ques­ cle w ill do good— so far as it goes. B u t if p ra ctical r e ­
tion, the Court says. They were invalid because sults are f o follo w it m ust be show n how fa r these sound
there was no power to issue them. They were made view s w ill prevail to w ipe o u t legislation deemed h o stile
valid by such power being subsequently given, and to cap ital and to shape fu tu re legislation in harm ony w ith
them .
it makes no possible difference that they had been
I am sure that the in vestm ent w orld w ou ld be encouraged'
declared to be void under the power originally given. to look fav o ra b ly tow ard T exas i f it w ere kn ow n th a t G o v ­
The judgment in that case was res adjudicoia only ernor Sayers disapproved o f the an ti tru st la w o f that S tate
of the issues then presented, of the facts as they then and th a t his influence w ou ld be used to have it repealed. Its
repeal w ou ld be hailed as con vin cin g evidence th a t p u b lic
appeared, and of the legislation then existing.
Summing up, the Court decides: (1) Where railroad sentim ent had assumed a safer and more in v itin g a ttitu d e
tow ards capital. T he sound view s o f the G overn or m ust find
aid bonds of a municipality in a Territory are void
expression in legislation to produce th eir legitim ate fru it.
because issued in violation of the Aot of June 8 1878, One sncli a ct as the repeal o f the a n ti-tru st la w w ou ld a ttra ct
limiting the power of municipalities to incur debts or more attention and m ore capital, too, than all th e in a u g u ra l
obligations necessary to the administration of their addresses th a t could be penned, though th ey bristled w ith a
internal affairs, Congress may subsequently validate scientific form o f statem ent o f accepted tru th s in p o litica l
such bonds by providing for their funding, when at econom y. I am a sincere w ell w ieher o f T exas. I kn o w
r n a r y o f the people there, and w ould rejoice w ith her c iti­
the passage of such restrictive act there was nothing zens at any good fo rtu n e that m igh t come to th eir State. I
to prevent Congress from authorising the issuance of believe that the forem ost men there realize th a t the develop­
such bonds. (2) The fact that bonds of a munici­ m ent o f the u n rivalled rest urces of T exas has been retard ed
pality in a Territory have been adjudged void because and hindered by legislation deemed by the owners of ca p ita l
there was no power to issue them is immaterial as hostile to it. Possibly Mr. L o ck ett can state the G o ve r­
nor’s position w ith respect to the specific statu te nam ed— and,
when they have been subsequently made valid by an
w h at is more to th e point, can give some in form ation to u c h ­
Act of Congress giving such power. (3). The Act of in g the prospects fo r a repeal o f the law .
June 6 1896, authorizing the funding of all outstand­
V ery respectfu lly,
ing bonds of the Territory of Arizona aud its muni­
E. G . L e ig h , J r .
cipalities therefore authorized by legislative enact­
F A IL U R E S
B Y
BRANCHES OF
TRADE.
ments of the Territory, was not intended to be con­
W e take from Dun’s R eview the fo llo w in g statem en t
fined merely to the outstanding legal indebtedness of
such municipalities, but was intended to apply to show ing the failures in the U n ited States by branches o f
bonds issued undei authority of the Legislature, and tra d e fo r the m onth o f J an u a ry in each o f th e la st thre&
years.
purporting on their face to be legal obligations of a
VAU.URKS BV BRANCHES O f BUSINESS.
municipality, whether in fact legal or not.
M anufact u r t n .

THE TEXAS AXTl-TItUST LA W
.
The following letter from the President of the
Southern Manufacturing Company explains itself.
R ic h m o n d , V a ., F eb. 10th, 1899.
T o th e E d i t o r , C o m m e r c ia l a n d F in a n c ia l C h r o n ic le :—

Iron, foundries and nails .
Machinery and tools.........
'ns.c’rp’UJUcnltgood*
Cotton a, laco and hosiery..
Lnmb'r.carp'nt rsA ooop r*
Clothing and millinery. ..
flats, glove* and furs. ..
Chemicals, drugs k paints.
Printing and engraving..
Milling tU bakers...........
lU
Llqnors and tobacco.........
all o th e r. . . . . . . . . . . . . . . ...
Total manumetunog...
7 reuUrt.
md reatauranl
Clothing and furnishing.,.
Dry goods and carpets----3hoe*. rubbers and trunks
Dregs and paints...............

411 other............................

1898.

LiabUUU*.
%

0
2
l
20
17
|
4
lrt
7
P

f

30,000

8
18
,,f

260,5 L
I

i 4.177
143.000

1897.

LidbUUitt.

No.

H

%

834,500
301,801
5(1,800
771.**8
0*.911
62.819
11.702
41,408
104.622
248.838
•
87,300
108,0**1
621.225

No.

LiabU xtit f.

11
16
4
4
3«
27
4
11
14
9
18
19
10
84

f
1,640.600
488.200
126,600
23.600
764.743
172,770
82.220
90,309
196,523
.302,900
468.022
1,918,241
286,015
2,089,997

66

142,600
640,702

ai
20
3
8
11
21
17
n
0
71

160

2,209,608

233

3,054.05!

266

8.572,940

IPS
1PI
27
75
00
hi

1*269,747
510,718
147,548
301,18
481,413
075.4: 2
245,24V
150.902
13* .091
109,118
102,576
7.083
51,010
520,837

1,008,859
100
285
77**,617
as
367.817
85
471,1**7
868,*54
831
430.028
70
356.4- 3
60
35
3*8,40
308.202
34
61
200,008
30
106,785
M ,£«i
15
830,000
11
118
761,128

222
27m
45
103,
90
92
68
41
62
01
49
3fl
6
160

1,109,147
875.014
821,186
630.320
701,859
1,091,610
A29
239,4*9
528,003
209,408
1,127,000
228,738
,44,533
1,801,727

r>
7

a*
SP
28
4
4
B5
837
22

Total com m ercial........

1.010

5,270.20V 1,003
342,037
29

m

Total trading, . ........
Brokers and transporters.

20,000
83,000
175.765
7.777
P3.H24

Cil^
1o w 1

I have read w ith m uch interest the com m unication o f M r.
R obt. B. L ockett In yo u r issue of th e Itb inst. on the in au g­
ural address o f G overnor Sayers of Texas. Som ewhere else
I had read extra cts from th is address and w as stro n gly im ­
pressed w ith its breadth of view and sound econom ic fe a t­
ures. I f the G overn or’s adm inistration be conducted in
harm ony w ith the lines laid dow n in these extra cts from his
in augural, the paople of Texas are to be con gratulated.
T hus safe-guarded, outside capital w ill flow into the S tate and
the m agnificent resources o f th a t w o n d erfu lly favored com ­
m onw ealth w ill be adequately developed. C ap ital, how ever,
is sensitive and past legislation in Texas has been accepted
as a crystallizatio n of a sentim ent strongly antagonistic to it.
I believe th a t the anti tru st la w o f th a t State has done it
untold harm—and, so far as I can learn, has secured no
single com pensating benefit. It is to be hoped that G overnor
Sayers, w hose view s on econom ic questions, so fa r as I know
them, appear to be absolutely sound, w ill use his influence
to secure a repeal of this so called anti tru st la w . w h ich , as
it exists, I believe to be a stan in g m enace to capital, and,
most lik e ly , is responsible fo r the investm ent o f m any dollars
elsewhere, and in less favored sections. I m ean less favored
by Mature, b u t more favored b y the law s. Such is the pow er
o f legislation over investm ent th a t capitalists p refer fields

18PP.
N o.

1,323
82

9,380,967
899.083

7,721,807 1,865 10,451,518 1,621 18,859,586

N on e. Iren, w o o le n s and co tto n s in clu d e all ttie branches o f tnogh m a im ’
{a c t o r e s ; m ach in ery in clu d e s Im plem ent* an d t o o ls ; lum ber Inclu des «aw
planing. *ash nml d o o r m ills, carpen ters and so o p e rs; clo th in g Inclu des m illin e ry
and fu rn ish in g s; hats in clu d e fu rs and g lo » e s ; ch e m ica ls Include drugs, fe rtlll
t e n , paints and o ils ; prin tin g and b o o k s J«o1 o d e e n g ra v in g and m aps; m illin g
Includes bak ing; leather and sh oes in clu d e m akers o f harness, saddlery, trunk®
and ru bber go o d s; liqu ors in clu d e to b a c c o , w inos, brew ers and beer; glass In~
eludes earthenw are, p ottery, b n c k , lim e and ce m e n t; g ro ceries in clu d e m e a t*
end O sh; hotels in clu d e restau ran ts; d r y g o o d s Include carpets a n d c u r t a in s j
furniture Inclu des crock ery ; hardw are Includes sto ve s . And tools: and Jew elry
Includes clock s and w atch es. B rokers Include all real estate, n ote, m s u r a n c o
er produ ce d ealers w hose main business la a o t th e handling o f actual p r o d u c t s ,
with m ortgage and o th e r loan con cern s, and transporters In clu de all e x c e p t In »
eorporated railw ay com p a n ies.

T H E

306

C H K O N J C L E .

[V o l .L X V I I I ,

THE N EW YORK MONEY M ARKET FOR SEVEN YEARS.
We have compiled in a convenient form, from our own journal and from the books of money brokers,
and give on the pages which follow, a comprehensive record of all departments of the New York money
market for the last seven years. This is the only attempt ever made to preserve that department of busi­
ness affairs in a shape fitted for ready reference. The publication of the statements in the present form was
begun by us three years ago, and the comparison was extended back so as to cover a number of past years.
We now bring the data down to the end of 1898.
The tables require but little explanation. As will be noticed, we first give the call loan branch of the
market—that is, the range at the Stock Exchange for each week, the week’s average rate, and the minimum
rate at banks and trust companies. Following this we give time money ; under that head we report separately
transactions at 30 days, 60 days, 90 days, and four, five, six and seven months—all representing choice col­
lateral. Finally, the rates for commercial paper are presented : first, double-name paper, known as 60 to
90-day endorsed bills receivable, and then single-name paper, divided into two classes. A complete monthly
review of the money market during 1898 was furnished in the Chronicle of January 7 1899, pages 7 to 15,
but as a matter of convenience we annex here a brief reference to the situation each month.
J A N U A R Y .— A fte r 6 per cen t on ca ll tem p o rarily reached on M onday, J a n u a ry 3, th e m a rk et aga in developed ease.
T h e U nion
of

P acific

R eo rgan ization C o m m ittee m ade its final p ay m e n t (§8,538,401) to

C learin g House banks fo r first tim e reach 700 m illions.

loan ra tes
go ld

and

im ports

tim e

loans the la tte r p art o f m onth.

p reven t

serious

d istu rban ces

co n tractio n in both loans and deposits.
co n tractio n in loans and deposits.
J U N E .— C ontinued ease.

the

G overn m en t.

Deposits

F E B R U A R Y .— The M aine disaster a ffects bo th

The banks lost h e a v ily in

n o tw ith sta n d in g

serious.

HeavyF u rth e r

Tim e m on ey u n settled .

developm ents

becom e

c a ll

M A R C H .— L a r g e

A P R I L .— W a r breaks out b etw een th e U n ited S ta te s and Spain.

C a ll loans easy.

C uban

reserves.

M A Y .— F ears o f d eran gem en t dissipated.

Subscription s to th e n ew §200,000,000 G overn m en t loan w ith o u t in flu en ce.

etill un affected by th e p aym en ts on acco u n t o f th e n ew loan.
speculation on S to ck E x ch a n g e cause a h ard en in g in m oney.

J U L Y .— M a rk et

A U G U S T .— G overn m en t bond p aym en ts and in creased
S E P T E M B E R .— D em and from th e in te rio r and h e a v y

absorption o f cash b y th e T reasu ry cause a sharp drain on the surplus reserve o f th e banks; re lie f th e la tte r p a rt o f th e
m on th through gold im ports and release o f cash b y T reasury.
deposits in depositary banks.

O C T O B E R .— R enew ed ease;

G overn m en t in creases

N O V E M B E R .----- R e v iv in g tra d e and in cre asin g sp eculation cause slig h t hardening-

D E C E M B E R .— T riflin g flurries in c a ll m oney caused b y app roachin g J a n u a ry settlem en ts. C le arin g House deposits exceed
800 m illion dollars, and loans cross 700 m illion dollars, for th e first tim e in th e h isto ry o f th e C le arin g H ouse.
M ONEY

M ARKET

C A L L LOANS.
1898.
WEEK
E nding—

At
At
Banks &
Stock Exch’gc. TrustOo
Range. Av'ge Range.

7— 2 - 6
1 4 .... 2 ^ —3
2 1 .... 112—234
2 8 .... 1*2-2
February 4 ___ 1*2—2
1 1 .... l —2
1 8 ... l —1*2
2 5 .... 1*2—4
March
4 — 112—21-2
1 1 .... *2 -3
1 8 .... 1*2—212
2 5 .... 1*2—2*2
April
1 — 1*4—5
8 .... 1*2—412
1 5 .... 2 —4
2 2 .... 1*3 -3 >9
2 9 .... 1*2—3*2
May
6 ___ 2 —4
1 3 .... 1*9—3
2 0 .... 1*2—2
2 7 .... i —1%
June
3 ___ 1 —1*2
1 0 .... 1 —1*2
1 7 .... 1*4-1 * !
4
2 4 .... 1 -1*S
July
1 — 1 —1*9
8 .... 1*4-2
1 5 .... 1 —1*2
2 2 .... 1 - 1 * 9
2 9 .... 1 —1*2
August
5 ___ 1*4—1*9
1 2 .... 1*4—5
1 9 .... 1*4—2
2 6 .... 1*2-3
September 2 ___ 15(1—3
9 ... 2 —4
1C,.... 2 *2-5
2 3 .... l - 6
3 0 .... 2*2—6
October
7___ 1*2—4
1 4 .... 2 —3
2 1 . . . i1 *4—2 *2
2 8 .... 1 * 9 -2
1
November 4___ 1*2-2
1 1 .... i% —4
1 8 .... 1 *2-2 *2
2 5 ... 2 —3
December 2 ... 2 —2*4
>
9 ... 2 —2*2
1 6 ... 2 - 3
2 3 ... 2 —4*2
3 0 ... 2 - 6

January

3*9
2%
2
i%
lbs
lbs
lbs
2%
2*4
2
2*«
2*s
2bs
2vfi
3*2
3
2*2
3
2*4
i%
lbs

lbs
1*4

1*4
1*4

11)
1*4
1*4
1*4
1*4
1*4
lb 8

lbs
2
2*4
3*9
3b«
4*4
3 b,
2%
2*9
2
i%
lb!
2
2*4
2*4
2*4
2*4
23fi
2*4
2%

AT

NEW

YO R K — RATES

IN

TIME LOANS.
30
days.

60
days.

90
days.

F our
Five
Seven
Six
Months. Mo?iths. Months. Months.

Range. Range. Range. Range. Range. Range. Range.

18 9 S .
GOMMERCTL P APE R .
Doublename.

1898.
Single-names.

Choice P rim e
Good
60 to 90 4 to 6
4 to 6
days. Months. Months.

W EEK
E nding—

—
__
1 3 * 2 -4 4 —4*2 4*2—5*2 ___January
3 —
4 —
3 *2 -4
3 *2-4
3 3*9—
3 s —
3 —
3*4—4 4 - 5
3*43*23*23*23*2—
2*2—
3 —
3 —
3 —
3 * 4 -4 4 —5
3 —
3 2*93*2—
1*2-2
2*2—
3*4—4 4 - 5
3 —
3 —
3 —
3 —
2*33 —
—
1 *9-2
2*22*93 —
3 —
3 —
3*4—4 4 — 5 ___February
3 —
3 —
—
2 —2*4 2 -2 * 4 3 —
3 —
3 —
3*4—4 4 —5
1*2—
3 —
3 —
—
2 —2*4 2 —2*4 3 —
3*4—4 4 —5
3 —
3 —
1*23 —
3 —
—
—
4 —
2 —3
4 —
4 —
3 * 2 -4 4 *2 -5
4 —
4 —
3*2—
3 * 2 -4 4 —
2 -2 * 2
4
4 —
4 —
4 —
4 —4*2 5 —6 . . . March
—
3 —
4 * 2 -5 4*2—5 4*2—5 4*2—5 4*2—6 4*2—6
4*2 -5 4*2—5*2 5 —6
—
4 *2-5
2*24*2—5 4*9—5 4*2—5 4 *2-5
4 * 2 -5 |4*2—5 5 -5 * 2 512—6*2
—
4 -5
2 —2*2
4 *2 -5 4*2—5 4*2—5
4 -o
4 *2 -5 5 —6 6 —7
—
2 —2*2
4 -4*2 4 —6 4 - 6
4 —6 4 - 6
5*2—6 6 *
4 -6
[5 —
2—7*2 ....A p r il
—
4 —4*2
5 —6 5 —8 5 —6 |5 * 2 4*2—
5 -6
5 —6
6 —
6*2—7
—
4 —
5 —
5 —
6 —
5 *2-6 5*2—6 5*2—6 5 *2 -6 5*2—6 ! 5*2—
4 —
6 —
6 —
6 —
6 —
6 —
6 —7 7 —9
6 —
6 6 3 —4
6 —
6 —
6 —
6 —
6 —
6 —
6 —
6*2—7 7 — 9
6 —
—
__
3 —
4*s—
5 5 —
5 —
5 —
5 *2 -6 6 —7 7 - 8
....M a y
—
—
—
2 —2*2
3 *2—4 4*2—5 4 *2 -5 4*2—5
5 -5 * 2 5*2—6*2 6*2-7*2
—
—
3 —
2 —2*2
3*2—4 3*2 4
3*2—
3*24*2—
4%—5*2 5 - 6
1*2-2
2*42*23 —
3 —
3*24 —4*2 5 —6
3% 3*23*22 —
1*2—2
3 3 —
2*2—
3 —
3 —
3*23 *4 -3 *2 312—4*4 412—5*2 ___June
—
2 —
3 —
1*4-1*2
3 —
2*22*93 -3 * 2 3*2—4 4*2—5*2
3*22*s3 —
1*22 *23 —
3 —
3 —
3 —3*4 3*2—4 4*2—5*2
3*21*2—2
2*22*23 —
3 —
3 —3*2 3 —3*23 —3*2 3 —3*2 3 * 2 -4 412—5*2
1 *23 —
2*2—
3 —
2*92*23*23*23 -3 * 2 3*2^1 4*2—5*2 ___July
3 —
3 —
1 *4-1 *2 2 —
2*23*23*2,3*4- 3% 3*2—4 4*2— 5*2
3*23 b !1 *23 —
4 —
2 —2*2 2 —2*2 2 —2*2 3 —
412—5*2
3 *2 3*2—
3 —
4 1 *92*22*2—
3*23 —3*2 3 * 2 33 —
4
4*2—5*2
—
2*2—
1*22*23 —
3 —
3 -3 * 2 3 * 2 3 *2-3% 3% —4*4 4*2—5*2
—
1*22*23 —
3 —
3 -3 * 2 3 —3*2 3*2—3% 33*—4*4 4*2— 5*2 ___August
£ .* 9 —
1*2-2
2*23 —
3 —3*2 3 —3*2 13*4—3% 3 * 2 -4 4*2— 5*2 . . . .
2*23 —
—
—
1*2-2
3 —
2*23 —
3 %—4 *4'4 *2—5 *2
3*213*213*2—
1%—2
3 3 —
3 *2 -4 3*2—4
3%—
4 —4*2 5 —6
3*22 —i
—
—
3 —
4 —
4 —5 5 —6 ___September
3*2—4 3 *2 -4 4 —
4 —
.-—
3 —4
4 —
4 —
3*24 —
4 —5 5 - 6
4 —
3*2— 4 —
4 —4*2
4 —
4 -4 * 2 4 * 2 4*2—
4 —4*2 4*2—5 5 - 6
4*24 —6
—
3 * 2 -4 3 * 2 -4 4 —
4*2—
4*2—
[4*2—
4 —4*2 4*2—5 5 —6
—
—
3 * 2 -4
4 —
3 ^ —4*4 4 —4*25 —6
3*23 * 2 -4 4 —
3*93 — 2 *2-3 2 *2-3 3 -3 * 2 3 -3 * 2 3 —3*2
319—4*2:5 —6 __ October
3*22*23 —
2*22*93 —
3 -3 * 2 3 —3*2
3*4—3*2 3*2—
4*4 4*2—5
— 2*22 -2 * 2
3 —3*2
—
2*23 —
3 —
3*4—3*2 3 3*—4*4 4 *2—5
•-2 —
2*23 —
3 3 —3*2
2*93*4—3*2 3*2—4*4 4*2—5
—
2 —
2*23 —
3 —
13 3 —3*2 3*4—4 4 * 5 ___November
2*23 3—
—
2 —
lb l -3
2*93 —
3 3 —
3*4—4 4 —5
3 —
3 —
—
2 —2*2 2*2—
3 —
3 3*—4*2 4*2—5*2
2*93*23*23 —3*2 3*2—
—
3 —
2*22*2|3 —
,3*4—3*2 3*2—4*4 4*2—5*2
3*23 —3*2 3*2—
—
2*4—2*2
3 —
3 —
3 —
3*23*4—3*2 3 *2 -4 4 —5 ___December
3*23*2—
3 —
2*4—2*2
3 -3 * 4 3*4—4 4*2—5*2
3 —
3 —3*2 3 -3 * 2
—
3 ——
3 —
3 3 —
3*4—4 4*2—5
2*4—2*2
3 —
3*23*2—
—
2% 3 —
3*4—33*4 —5
2 *23 —
3 —
3 —
i3 —
2*2-6
3 —
3 —
13 3*4-33* 4 —5
3 —
3*2—
3*2—

7
14
21
28
4
11
18
25
4
11
18
25
1
8
15
22
29
6
13
20
27
3
10
17
24
1
8
15
22
29
5
12
19
26
3
0
17
24
31
8
14
21
28
5
12
16
26
2
9

10

23
39

F

ebbcaby

T H E

18, 1 8 8 9 ,]

M ONEY

M ARKET

C A L L LOAXS.
1897.
WEEK
Ending—

At
At
Banked
Stock Exch'ge. Trust Co
Range. Ar'ue Range.

1n>_2
1 4 —2
23___ 1 - 2
,—2
3 0 ... I E
February 6 ___ 1*2-2
1 3 ... 1by_;
20
:*2—2
2 7 .... ] — L
March
6 ... 1 4 — 1 %
13---- 1*9-2
2 0 ... 1 ‘a—2
$7
1*9—2
April
3 ... 1 4 —2
-3
1 0 ... l 1 2
1 7 ... 1 = 4 -' %
2 4 ... 1 =4-2
y
May
1 ... 1 >4-1 b
8 ... L4 —2
1 5 ... 1 >
4—1*2
2 2 .... 1*4-1 >
3
2 9 ..., l *4-1*1!
June
5 ___ 1 - 1 %
1 2 ... 1 -1 *4
1 9 ... 1 -1 * 4
2 6 ... 1 —2
July
3 ... 1 - 2
1 0 ... i —m
1 7 ... 1 —1*4
2 4 ... 1 —1 >
4
3 1 .... 1 - 2
Augmit
7 — 1 -1 *4
1 4 ... 1 -1 * 9
2 1 ... 1 - 2
28---- 1*4-1 *9
September 4 ___ 1 —1*.
1 1 ... 1 *4-1 *9
1 8 ... 1*3_2*s
25___ ii __i
October
£ ... 2*9—4 *v
9 ... 2 4 - 3 4
1 6 ... 2*9—3
23 .. . 2 —2 4
3 0 . . . 1 U—
November 6 — 1 4 - 2 4
1 3 . . . 1*9-2
2 0 .... 1 *9-3
2 7 .... 1 *9—2
December 4 ___ 1%—2
1 1 ... 1 *9-2
1 8 ... 2 - 4
2 5 .. .. 2 —5*»
31
2 - -14*
• Thelower rate wa.« ai

•
2
i'%
i%
1*4
i**s
IN
1-4
15.
1=4
1-S
l«8
1«S
1<
*8
1*9
1 *4
1*8
l*o
1*8
1**8
1*8
1*4
1*4
1*8
1*H
1*4
1*8
1*8
1*8
!•„
1*8
1*8
!* ,
1%
1*4
1*8
2*4
3*4
3
3
-A
2*4
‘t
2
i\
1%
1A
*
1*8
1%
3 b.
*<%
3**

C H R O N IC L E .

AT

NEW

YO R K — RATES

TIME L O AX S .
30
days.

60
days.

Range. Range.

2 lb — 21*9—2*
1*9—2*
1 4 —2 '
1 b-- 2*
>
lbj—2* 2
1*9-2* i 2
1 4 - 2“ 2
1*9-2* j2
1*9-2* 2
1 *9—2 _2
2
1*9-2
2
1 4 —2
2
1*4-2
2
1*4—2
2
l *4—2
1*1-2 |2
1*4-1 *9 2
1*4-1 *9 2
r
>
1*4-1*9
l —1*41
1 —1 4
l — 1*4
1 —2
1 4 —2 i
1 -1 * 9
1 -lb ,
1 -1 *1
1 —
l —
1*4—1*9
1 *91
1 *9.*4—I V
1*4- %
2 -2 * 4
3 —
3 ~t
3 i
3 2*9-

_
—
—
—
_
_
_
_
_
__
_
__
__
—
_
—
_
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—

8
—
—
2 -2 * 9
2*42 —2*9
2 - 2 V 2 *9—

90
days.

30 7

IN

%

COM M ERCE PAPE R.

F ou r
Ftve
Six
Seven
Months. Months. Months. Months.

Range. Range. Range. Range. Range.

3 —
3 —
2 _
24—
l —
24—
2 _
2i-i—
2 _
2 b,-■ —
L
24~ k -2>
24—
2 b—
2 2
2*9
2b —
y
3 3 —
2*921.7--3 2*42*a—
2*9242V
»—
2*92*s2*924—
2 2 _
2b—
2 2*92 _
Z4 —
2 —
2*92 —
24—
24_
2 2 2 _
2 -> _
2 2 _
• __
>
* _
>
2 —*
2 —
3 —
1*92 _
2 — 2 4 2 *4 -3
2 -2 b , a —
3 —
2*93 —
2*9—
3 —
2*93 34—
3 —
3 3 —
34—
3 _3 b . 3 -3 b .
3*93*»3 —
3 3 —
2*9—
3 —
-4 —
3 —
2*93 —
2*93 —
2W—
2*924—
3 —
3 4 —4 3*9—4
4 —
3*93 4 — l 34— 1

1§9 7.

—
3 34—
3*
2—
3 —
2*9—
3 —
3 —
3 —
2*92*0—
3 —
3 —
3 —
3 3 3 3 —
3 2*9—
3 3 —
3 —
343 —
3 —
13 3 *9—
3 3*92W
3 —
3b —
y
3 —
34—
(34—
3 —
3-4—
3*934—
3 b— ■ 3 4 —
y
3 3*
2—
3 3*93*
9—
3*2—
3 —
3 —
3 34—
3 3 3 —
3*
9—
3 by3 —
3 —
3 —
3 —
3 —
2*9 3 —
3 —
3 —
2*43 *93 3 2*9 —
3 *23 —
3
2*93 *924—
3 3 —
3 3 —
3 3 —
2*33 —
3 3 —
2*3—
3 —
3 —
3 —
2*43 —
3 3 —
-4 —
3 2*92*93 —
3 3 —
3 2*92*43 3 <*3 —
3 —
3 2*9—
2*43 3 3 —
3 3 —
2*93 —
;*4—
3*9—
3 -3 * 4 3*9—
3 *9—
3 by3 3*9—
3 —3 4 3*9—4 3 *9 -4
y
3 - 3 4 3 b —4 3 * 2 -4 3 *9 -4
3 *9-4 4 - 4 4 1 —4 4
—
i —4 4 1 —4 4
3 * 9 -4
—
1 —
4 *9-5 4 4 - 5
1 —4*4 4 -4 * 9 t — 1*9 4 -4 * 9
i —
4 —
i —
4 —
4 —
4 —
3 *43*9—
3 *9-1
3*4—
3 4 -4
3 4 -4
3 —
3*934—
3*9 3 —
3 3*
9,3 *9 3 —
34—
3 3 3 —
3*93*9—
3 3 —
3 —
3 34—
8
—
4 —
4 —
4 —
l —
4 —
4 3 *9 -4 3 4 —4 3 *9 -4
-

1Davble1 name.

1897.
Single-names.

Choice Pri mc
Good
60 to 90 4 to 6
4 to t>
da ys. Mouths. Months.

W EEK
Ending—

3 * 9 -4 4 —4 4 )4 4 —-^4 .. . January
9
4 4 —5
16
3 —3*9 3 4 - 4
3 -3 * 9 3 4 “ 4 4 —5
23
3 3 —3*2 4 - 5
30
3 —
3 4 -4
4 —5 ___February 6
3*4—1 4 —5
13
3 3 4 - 4 4 —5
20
3 27
3 —
3*2— 4 4 - 5
3 by—4 4 —5
3 —
.. Marcli
6
3
3 4 3 4 —4 4 —5
13
20
3*93 4 —-1 4 —0
3 4 —4 4 —5
27
34 —
...A p r i l
3
3 4 '3%—4
1 -5
3b 3 % 3 % - 4 4 —5 . . . . '
y
10
34334-410 ■ - 5
17
t
24
3*93%—4 4 l —O
3%—4 4 4 4 —5 4 — May
1
*3*94 4 —0
8
3 4 - 3 4 3 4 —44
3*2—3% 3% -4by4by_5
15
22
3*
9—3% 3-%— 1*1 4*9—5
3%—4 b 4 b —5
y y
29
,3 *9 5
3 - 3 4 3 4 —4 4 —5 ___June
12
3 -3 * 9 3 * 9 — 1 4 — 4 4
3 _
3 —3 *9 4 —lb.
19
3 —
3 —3*2 4 —4*2
26
3
3 -3*4,3*4—1 4 — 14 ___July
10
3*1 3*2 3 * 9 -4 4 —4 4
17
3*4-3*9 3 * 9 -4
1 - 1*2
•3*4-3 % 3 by- 1 1 —lb.
24
3*2—
3 % -4
31
4*2—5
3 % - 4 4 4 —5 ___August
7
34—
3 4 —3% 3%—4 U i 4 —5
14
21
3 % - 4 4 —4 4
5
28
3 % -4
4 —4by.l%—5
3%—4 4 —4 4 4%—5 ___September 4
3% —4 4 - 4*9 4%—5
11
4 —
18
4*
9—
5 -5 * 2
25
1 4 —1414 4 —5 5 —6
1‘,1—1*2 V —5 5 —6 ___October
*2
2
1 4 —4 4 4 4 —5 5 —6
9
1*4— 1*2 4*2— 1% 5 —ti
16
\ — 14 1 4 -5
23
5 —5*9
3 % -4
30
l —4 4 4 4 - 5
3 b— 1
y
l — 14 1*9-5
___November 6
3by13
3 4 —4 4 4 *9 -5
3V|—1*9 4 by- 5
20
3*43 —
27
3 -3 * 9 4 — 1 4
3*;—1 4 - 5
— December 4
3 11
3 -3 *4 ;f 4 —4 4 4 4 —0 4
3*918
3%—4 4 4 4 —5 4
3 b —4 1 —4 \ 4 4 —5 4
y
25
1 —5 5 - 0
31
8 4 —4

1*9-2
24 1*4-2 12 V 3 3 —
3 - 5 |3 —
3 — I 13 4 —
im »t rotnpaoUM, imi k*. a<*«D dhtitf t** u£r» • n*«*nt. »ii*i not. except in few Instances, lernl at ies* than 2 per cent.
»

MONEY MARKET AT NEW YORK—RATES IN 1*90.
C A L L LOANS.
I8 9 6 .

TIME LOANS.

At
60
90
F our
Ft re f Six I 8spen
Stock Exch'ge. Ranksd days.
days.
days Months. Months, Months. Months.
WEEK
Trust Co ___
Ending Range. Al'gr Range. Range. Range. Range. Range. Range. Range. Range.
Rangc.
}
—----- j------ ------ ;----------- 4 ----------- •— -----'-----------0 Jon. 4. 3 —35
Nominally 6 pet cent for ail dates.
11 1 —H
5
6 —9
18. 2 —6
44 0 —
ti —
25. 3 —4 4 i
Feb.
1 3 —6
6 —
4
2 4 —8
8.
44 6 —
—
15. 2 * 9 -7
jij—
4
5 —C
34 —
o _
22. 3 —1
4
i -5
34 4 1 4 -3 4 * 4 0
4 —
20 3 —5
3% 4 —5
44 [4**—5
-Mch. 7 . 3 — l
3 —
3*s*"
4
3*9 3 % —i
14 3 —4 4 3*4 4 —
3*94 t*a t —
21. 2 *9—4*9 4
4 —
>
4
— -I —
-44 —
29, 3 —3 4 3 A 3*9— * * 4 —
44—
4
— l —
Apr. 4 2 - 4 4 3 b 8 4 —4
y
4 —
4
— 4 —
4411 3
4
4 —
4
— 4 —
4*s—
3 *4 3 4 —
IS 2 *9 -3 *9 3
3 —3 4 4 —
4
— 4 —
44 —
25 2 4 - 3
2*. 3 —
3*s34~
34—
4 —
May 2. 2 —3
24 2 4 -3
3 —
3
— 3 —
3 —
>
9 2 —4
3% 2 4 —3
3 —
3
— 3 —
3 —
16 2 4 - 3 4 :t
3 —
3 —
3 343423 2 - 2 4 2% 2*9—
3 —
3
~ 3 34“
30 1 4 - 2
2^3 —
F 3
2*924243 3 ~
3 —
3 —
3
— 3 —
343 _
34—
34—
3 3434—
3 3434—
34344 —
344 44—
(6 —
& —
5 —
Nominally 6 per cent for all periods.
6 |6 —
id —
(6 —
|6 plus a eo tomission.
—>6 r 1 com. for 4 month* and 6 ♦ 2 com. for 6 months—
-

COM MEhClA 1. PAPE R.
Double-name.

Single-names.
Choice Choice Prime. Prim e
Good
00 to 90 F ou r
Six
Four
4 to G
days. Mon th*. Months. Months. Months.
0 —
0 6 -7
8 -7
7 -6
0 —
0 —
0 -7
7 -1 2
6 -7
0 —
6 —
6 —7 0 - 7
7 -1 2
Ij —
0 —
0 —7 « - 7
7 -1 2
6 —
6 —
0 —7 0 — 7 7 —9
6 —
0 —
0 —
0 —
7 -8
0 —
0 —
0 —
0 —
7 —8
0 —
0 —
0 —
0 —
7 ■8
f> - 5 4 5*9 a 5 4 —0 5 *9 6 6*2—7
t% -5
by
5 —5 4 5 - 5 4 5 —D (i — 7
5 —5*9 5 4 - 6
54 -0
5 4 —6 6 - 7
5 —5 4 5 *9 -6 5 4 —6 5 * 9 -6 0 - 7
3*9—
5 4 “ 6 3 *9 -6 5 * 2 -6 6 *2 -7
G —
0 —
6 —
5 4 -6
6*2—
0 —
0 4 --5 4 “ 6 3 %—6 6 5 -5 * 9 5 *4-5% 5 4 —6 5 4 —0 0 —G4
5 5 —5% 5 * 2 -6 5 4 —6 0 -6 * 2
5*9 5 —5 4 (6 —6 4
1*9— 1% 1%-flby 5
4*9— 1% 4 4 —5 4 5 —5*215 —5*915*9-6
4*9—1% 4*9 —5*4 3 —5*9 5 —5 4 5 *9 -6
4*9—1% 4 *9-5*4 5 —5 '9 5 - 5*2 5*2—6
4 - 4 4 4*4—1% 4 4 - 5
4 *2-5 5 4 —0
l — 1*9 1*4-4% 4 *9 -5
1*2-5 5 * 2 -6
4 —4 4 1*4-1% 4 *9-5 4 4 - 5
5*
9—6
4 — 4by i 4 —5 4 *2 -5 4*2- 5 5 * 9 -6
4 4 —5 4 4 - 5
4 -4 * 9 4 4 - 5
5 * 2 -6
1*94 * -5*9 5 - 5 b. 5 -5 * 9 5 4 —6
9
4 *9 -6 5 —5*2 5 -5 * 9 5 —5 4 5*2—6
5 -3 * 9 5 * 9 -6 5 * 2 -6 5 *9 -6 6 - 7
5 —
5 4 -6
5* -6
9
5*2—6 6 - 7
5 * 9 -6 6 - 7
0 -7
7 -8
0 -7
5 * 6 6 —7 « - 7
9—
0 -7
7 -8
8 for very choice, other grades unquotable

1896.
WEEK
E nding
Jan.

Pel),

Moll.

Apr.

May

June

July

Aug.

----------------- 6 +• 2 per cent com mission---------- --------- 9 —10 for best,
“
"
”
“
«
“
“
Sept.
---------- 6 -t- 1 commission— ------- i — 0 + 2 commission— . 9
9
“
**
"
“
------------(f + i co m m is s io n ---------— I
0 -j- 2 c o m m is s io n —
-6 plus a commission---------------------------- ; 9 — 9 —
i—-------------9® 10------------ 1 —
7
I-------------- 8 9 9 ------------- G 'd 7 ............. ...... .....
— --------- .[ 7 G~
Oct.
0 4 —7 17 —74|7 —7 4 1 7—7 4 1 8 - 9
-Nominally 7 to 9 per c e u i-0 percent nominal-lenders unwilling to loan-------- 8 ® 1 0 ------------------------------------------ 7 9 9 -------------------------------------- 7 ® 10-------?® 10
- 7 4 ® 1 0— Some business at 12 per cent for sixty to is nety days— N
6 —
r—
— 3ome business at 6 per cent for three ton x months
0 N ov.
6 —
6 —
4 4 ® o per cent for ninety days to six months-------- 5 * 9 - 6 6 —
6*3— 7
—
f —
y
4 % —5 5 - 5 * 2 5 - 5 * 9 5 — 5*2 5 *9 — 6*2
!■ -4 * 9 4 —4 b : 4I0—5 4 4 —5 4*2—5
*
—
4 * 3 -5
4 4 —5 5 - 6
—
3 —
3 * 9 -4 3*9—4 14 4 -5 * 2 4 * 9 -5
i —
4 -r>
3 —
4 -5
5 —6 D e c.
34—
3*2— 1 4 - 5
!4 4 —
4 —
3*9—
|24—
3 12 3 —
3 4 -4
3 4 —4
3 —
3 4 —i
1.3*94 4 —5 4
3 *9 3*9—
24 [3 —
3 —
3 4 —4 3% — 4 4 3 % — 1*2 3 %— 4*9 4 4 —5 4
13*9 3*93*9—
3 —
8% —
4*2 3 % — 4 4 3 % —4 >2 4 4 —5 4
3 4 —4
3 ,3*94 —
4 —
4 —
J —
.j
4 —4^i 4 —4 4 4 —4 4 4 * 2 - 5 **
^ _|3 —
*3%— i
3*94 —
4 u —

1
11
18
25.
l
8.
15
22.
29.
7.
14
2 1.
28.
4
11.
18.
25
2.
9.
16.
23.
30.
6.
13.
20.
27
4.
11.
18.
25.
1.
8.
15.
22.

295.
12.

19.
26
3.
10.
17.

24.
3 1.
7.
14.
21.
28.
5.
12 .
19.
26.
31.

T H E

308

[V o l . L x v m

C H R O N IC L E .

MONEY MARKET AT NEW YORK—RATES IN 1 8 9 5 .

W EEK
E nding
J an .

5.
1 2.
19
2G.
F eb .
2.
9.
1 6.
2 3.
M eh. 2 .
9.
16
2 3.
30

Apr.

6.

1 3.
2 0.
27.
M ay
4.

ii.
June

J u ly

Alls.

Sept,

O ct.

N ov.

D ec.

18.
25.
1.
8.
1 5.
22.
2*.
6.
1 3.
2 0.
2 7.
3.
10.
1 7.
2 4.
31
7.
14.
2 1.
2 8.
5.
12.
19.
26.
2.
9.
1 6.
23.
3 0.
7.
14
2 1.
28.

TIME LOANS.

C A L L LOANS.

1395.

At
At
Stock Exch'ge. Ban ksdTrust Co
Range. Av'gi
1 — 1*2
1 —1*2
1 —1*2
1 — 1*2
1*2—3
1 -2
1 —2*2
1 —1*2
1 —5
1*2—3
1*2—3
1*2— <
2 —3
2 —3
2 —3
1*2—2*2
1*2—2
1 —2
1 — 1*2
1 — 1*2
1 —1*2
1 —1*2
1 —1*2
1 —1*2
i
- 1*2
1 — 1*2
1 —3
i — t ic
i —i%j
1 —1*2
1 — 1*2
% -i* 9

% > -i

1 —
1

—

1 —
1 -3
1 * 2 -3
1*2—3
1*2—2*2
1 -3
2 —2*2
2 —2*2
2 —2*2
2 —2*2
1*2—2
1*2—2
112—2*2
1*2—3
1*2— 2*2
1 -1 0 0
3 — 50

Range.

30

60

90

days.

days.

days.

1 *9— 2

Range. Range. Range.

Range.

Range. Range. Range.

1*2—2
2 2 —
1 — 1 *2 l*o—
1 — 1*2 2 —
> >
< ._‘2 n K __
2
2 —2*2 [2 _
1 \ •2 - - ‘i n , 2 __
2 __
1*4 1 - 2
2 __
1*2 1 —2
—
2
2 -3
—
2*4 2 —3
—
2 >4 31-2—3
—
2*2 3 - 3 * 2
—
2*2 2 *2—3
—
2*2 2 __2 *2
—
2 — in.
—
1% 1 * 2 -2
2 __
1*2 1*2—
2 __
1% 1*2—
[2 __
1*4 1 1*4 1 —1*2 2 —
1*2—2
1*4 1 —
1 — 1*2 1*2—2
1*2—2
1% 1 —
1*2—2
U6 1 1*2—2
1*4 1 —
2
1*2—2
1*2—
2 __
13S 1*2—
1*4 1 — 1*2 2 __
2 __
u4 l —
2 __
1*8 1 —
Us 1 —
1*2—
1 —
1
1*3—
1 —
1* 2
1
1
1 —
1*
21 —
1
1* 2
1* 2
1*2 1 —
2
1*
2— 2 *2 2 —
2 __
i% 2 —
2 __
2 —
2
2 —3
2*2—
2*93 >4 0 __
3 *R 2 __
2*2—
3 4 2 —2*2 2 __
2 __
3% 2 __
1 *o—2
2
2 —
2 __
1 % 1*2—2
2
2 —2*2 2 __
314 2*2—3
2 *2 2
2*22*2—
4
2*2—25 4 — 5
10
6 16 —
1*4
1*4
1 *8
1*8
o
1*2

COM MERCIAL PAPER.

Five
Four
Six
S ven
>‘
Months. Months Months. Months.

—
3 —3*2 3 — 3*2
2* —
2
3 —
2*o—
—
3 —
3 —3*2 3 - 3 * 2
2 _
2*o—
—
3 —
2*2—
1*2—
2 _
—
3 —
3 - 3*o
2*4>—
3 —
—
4 —
2*2—3 3 —3*2 3*2—4 4 —
3*2—4 4 — 4*2 4 —4*2 4 - 4 * 2
3 —
3 —
•
3 —3*2 3 — 3*« 4 —4*2 4 —4*2 4 —4*2
—
3 —31*4 4 — 4*2 4 —4*3 4 —4*5
3 —3*2
—
3 — 31.J :s - 3*2 4 —4*2 4 —4*3 4 —4*2
—
3 —3*2 3 —3*2 4 —4*3 4 —4*o 4 —4*2
5 —
3 —3*2 3 —3*^ 4 —4*2 4 —4*2 5 —
4 —4*2 4*o — 0 4 * 2 - 5
3 —3*2 3 —3*2 4 —4*2
—
3*2—4 3*2—4 4 - 4 * 2 4 - 4 * 2 4 —4*2
—
4 - 5
4 —5 4 —5
3*2— 1 3 * 2 - 4
—
3 —3*2 3 —3*2 4 - 4 * 2 4 —4*2 4 —4*2
—
—
—
3*2—4 4 —4*3 4 - 4 * 2
4 - 4*2 4 —4*2 4 —4*2
3 —3*2 3 —3*o 3 * 2 - 4
—
3 —
3 —3*2 3 - 3 * 2
2*—
2
2*2—
2* —
0
3 3 —
3 —3*2 3 —3*2
2*2—
3 —
2 —
3 —
3 —
2*2—
2*23
3 —
2 —
3 —
2*2*
2*2—
2 —
2 * 2 -3
1*2—2 2 __
2*2—3 2*2—3
2 —
2 * 2 -3
1*2—2 2 —
2*2—3 2 * 2 - 3
2 —
1*2—2 2 —
2*2—3
2*2—3 2*2 3
2 2 * 2 -3
1*2—2 2 __
2*2—3 2 * 2 - 3
2 _
2 —
1 * 2 -2
2*2—3 2*2—3 2 * 2 - 3
2 __
2*2—3 2 *2 - 3
2 * 2 -3
1*2—2 2 _
2 —
23
4- 3
234—3
2*32* 2
2 % -3
2 __
—
3 —
3 —
3 —
2 *2 —
2 —
3 —
3 —
2*23*2—
2
234- 3
2*2—
2*2—
2 »4— 3
23 - 3
4
2 __
23 3
4234 3
23 3
4—
2*32*2
2 —
2*32% - 3 2 % -3
2*2—
234—3
2 —
2*2234- 3
->
2*3234 —3 * 3 4 - 3
234- 3
2 —*
2*2—
2*2—
234- 3
2 »4- 3
2*32 —
2 % -3
234 _ 3
2*32 % —3
2 —
2*32*33 - 3 * 2 3 —3*2 3 - 3 * 2
—
4 —
4 —
3 —
3 —
3*32*2—3 2*2—3 3 * 3 3 * 2 -4
3 * 2 -4
3V 4
2*2—3 2*2—3 3 * 2 3*2—4 3 * 2 - 4
3*2—4
4 —
3 —
1 —
4 — 4*2 4 — 4*2 4 —4*2
3 —
3 * 2 -4
3 —
4 —4*2 4 —4*2 4 —4*2
3 —
3*2—4 4 —4*2 4 - 4 * 2 4 —4*2
3 —
—
3 3 * 2 -4
2 *2 3 * 2 -4
2*2—
—
3 —
2*23 * 2 -4
3 * 2 -4
2* 3
3 —
3*2—4 3*2—4
2*22*3—
3 —
3*2—4
3*2—4
2*22*2—
—
3 3*2—4 3*2—4
2*2—
2*2—
3 —
3 —
3*23*2—
4 —4*2 4 — 4*2
3 —
3 —
4 - 4*2 4 —4*2
3*2—
3*2—
4 — 5 4 —5 4 - 5
4 —5 4 - 5
2* 2
2 *2—

6

—

6

6

—

—

6

—

6

—

—

Double-nam '.
Choice
days.

1895.

Single-names.

Choice Prime Prim e
Good
WEEK
Months. Months. Months Months. E nding

—3*2 3 —3*2 3*2—4
4 * -- 7
2
4 V -7
- 3 * 2 3 — 3*o 3 * 2 - 4
4 *2-—
- 3*2 3
3*2 3*2—4
7
4*0-- /
2 3 4 -3
3 —3*2 3 - 3*2 3 * 2 - 4
4 —
4 - 4 * 2 4 - 4 * o 4*2—5 7 5 4*2—5 7 4 —4*2 4
3*2—
4*2—5 5 - 5 * 2 6 - - 8
4* 2
3*04*2—5 5 —5*2 6 - - 8
3 *2 - 1
4* 2
334
4 - 4 * 2 . 4 —4*2 4 * 2 - 5
5*2 - 7
4*2—5 4*2—5
5 —5*2 6 - - 7
3% —
4*4—5
3 % -4
4 * 2 -5
5 —5*2 6 - - 7
4 —
434—5*4 4 %—5 *4 5 — 5*2 6 - -7
4 —
4 % - 5 * 4 4 3 4 - 5 14 5 —5*2 6 - -7
6 - -7
4 - 4*2 434 — 5*2 434 — 5*2 5 —6
4 4*2—5 4 * 2 - 5
5
5*2 6 - -7
(» - -7
4 4*2—
4*2—
4*2 5
3*2 -334 4 - 4*2 4 —4*2 4*2—5
5 - -6
334_4
3 * 2 -4
4 —4*2 5 - 6
3 —
234—3 3 - 4
3 * 2 -4
4 — 4*2 5 - -6
4 - -5
3 - 3 * 2 3 —3*2 3 * 2 - 4
2% —
9,*0! —23j. 3 —
3*2—4 4 - -5
3 —
910 — 9 3 , 2 % —3*4 234—3*4 3 1 4 - 3*2 4 - -4*o
2 * 2 -2 3 4 2 3 4 -3 * 4 2 % - 3 * 4 3 - 3 * 2 4 - 5
2*2— 234 2 % —3*4 234 —3 1 3 —3*2 4 - 4*2
4
2 * 2 -2 % 2 3 4 -3 * 4 234- 3 * 4 3 —3*2 4 - -4*2
2*2 234 2 3 — 3*4 2 % —3 *4 3 — 3*2 4 - 4*2
4
3 - 3 * 4 3 * 4 - 3 % 4 - 4*2
3 —
2% 3 - 3 * 4 3 —3*4 3*4— 3% 4 - -4*0
3 —
3 * 0 -4
3 * 4 -4
4*2--5
3 —
3 * 4 -4
3*4—4
3 * 4 -4
3 —
3*2—4*2 4 * o --5
3 3 4 -4
3 * 2 -4
4 — 4*2 4 12 - -5
3 —
4
3 * 4 -3 * 2 3 % —4*4 4 —4i^ 4 14- 4 3 5 - -6
3 * 4 -3 * 2 3%.— 4*4 4 - 4 * 2 4 * 4 - 4 % 5 - 6
334 - 4*4 4 * 4 5 - -6
3 * 2 -4
4*2—
3*2—334 3 % —4*4 4 — 4*4 4*4—4 % 5 - -6
3 * 2 -4
334—4*4 4*2 — 5
4 % — 5*4 5*2--7
3 *2— 4
434 — 5*4 5 * 2 --7
4 —4*2 4 * 2 - 5
4 —
4*2—5 4*2 5 434—5*4 5 * 2 --7
4 * 2 -5
4 *2 — 4 % 4 * 2 - 5
5 — 5*2 5*2—7
4*2—5 4 3 4 -5 * 2 434— 5 Is 5 —5*2 5 * 2 - -7
434— 5
5 — 5*2 5 — 5 *-i 5*4—6 6 - -7*«
4
6 - -7
4 ^ -5
b - 5 * 2 5 — 5 io 5 * — 6
6 - 7
434— 5
5
5*2 5 —5*2 5 * 4 - 6
4*2— 5 4 *o- 5 5 —5*2 6 4*2—
4*2—5 4*2 — 5 5 — 5*2 6 4*2—
4 * 2 -5
5 —5 *2 6 4 — 4*2 4 * 2 - 5
3 % —4 4 —4*2 4 — 4*2 4*2— 5 5
3 % —4 4 —4*2 4 — 4*2 4*2—5 5 4 - 4*2 4*2—434 4*2—5 4*2—5*2 6 4*2—5 4*2—5*2 6 4 — 4*2 4*2—5
4 *0—
4 * 2 -5
5 —5*2 6 4 * 2 -5
6 —
6 —
6 —
6 7 - -9
2 3*~ 3

2a - 3
4
2 % -3

3
3
3

Jan.

5.
1 2.
1 9.
26.
F eb .
2.
9.
16.
2 3.
Mch. 2 .
9.
16t
23.
30.
Apr. 6 .
1 3.
20.
27.
M ay
4.

11.
18.
25.
J u n e L.
8.
15
22.
29.
J u ly
6.
13.
20.

Aug.

27
3.

10.
17

24
Sept.

O ct.

N ov.

D ec.

31.
7.
1 4.
21.
28.
5.
12.
1 9.
26.
2.
9.
16

23.
30
7.
14.
21.
28.

M O N E Y M A R K E T A T N E W Y O R K — R A T E S IN 1 8 9 4 .

W EEK
E n d in g

At
At
S to ck E x c h 'g e . lia n k s d T ru st Co
R a n g e . A v'ge

1

Feb.

M cl).

A p r.

M ay

June

J u ly

A u g.

S ept.

O ct.

Nov.

Dec.

13.
20.
27
3
10.
17.
24.
3.
10 .
17
24
31.
7.
14
21
28
5.
12
19
26
2
9
16
23
30
7
14
21
28
4.
11
18
25
1
8
15
22.
2»
6
13
20
27
3
10
17
24
1.
8
15
22
2 9.

—1*2
% — 1 *2

% -l* 2
*3— l*o
*0— 1 lo
lo— 1*4»
1^— 1 lo
*3— 1%
*2— 1*2
lo— 1 lo
1 —1*2
1 — 1*3
1 -1 * 3
1 — 1 lo
l
1*0
1 —Ho
1 -H ,
1 —in ,
1 —
1 —in ,
1 —l l o
1 —in .
L —in .
i —
L Tl —
1 —
1 —
l —
1 —
1 —
1 —
1 —
1 —
1 —
1 —
1
1 —
1 —
1 —
l —
n 1
2—
*2— 1
*2—1
*2—1
1 —
1 —
1 —3
1 — 1*2
1 -2
1 * 2 -2
1*2 2

1*3
1
1
1
1
1
1
1
1
1
1 *8
1*8
Ur
Ur
J%
1*8
Ur
1*8
1
1>8
l*e
1*8
1
1
1
1
1
1
1
1

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
^-*8
Ua
Ua
1*9
1

R a n ge.

30

60

90

d ays.

d ays.

d ays.

R ange.

R a n ge.

R ange.

-2 * 8
.—2 n>
— 2 io
—
—3

S even
F our
F iv e
S ix
M on th s. M o n th s . M o n th s . M o n th s -

Double-name.
C h o ic e

6 0 to 9 0

2*3—
3 —
2 —
2 __
2 __
2 * 3 -3
2 __
2 —
1*22 —
2 —
2*92
2 —2*3 2 —2n-> 3 —
2 _
2 —
2*s—
'0 __
2 —3
2* 2
2*9F __
>
2*3—
2 -3
2*92 - 2 b, 2 2*9O _
2 -3 " 2 _
2*3—
2 _
2*o—
2 —
2 -3
2 _
2 —
2 —
2*3—
9 _
2*o—
2 —3
2 —
2 —2 lo 2 —
2*o—
2*2—
0
2 __
2 —
2*5—
2 __
2 __
2 —
2 *9 0 __
2 __
2 —
2*3—
2 __
1*3—2
1*3—
2 —
0 _
1 -in , 1 —
1* 9
2 __
1 —2
1
1*2—
2 __
1*2—2
1
1*2—
2 __
in2—
in^—2
1 —
1 n>_2
1 —
1*3—
1*22 __
H o—
1 —
1*2—
1*3—
1 1*3—
1* 9 0 __
1 —l l o 1 —
2*o—
l -1 * 2 1 —
2 —
1* —
2
1 -1 * 2 l —
1*2—
2 2 _
1 —U s 1 —
1*0—
llo —
1 - 1 * 2 1 __
2 —
2*3—
1 — 1*0 1 —
m 2- 2
1 —m 2 1 —
2 -2 * o
m>—
llo — 2
2 —
2* —
3
1*2—
__
2 io—
1n 2
2—
1* —
2
2 _
1*21 * 2 -2
2*5—
0 _
2 io—
1*9—2
11 *2—
2 __
1*0—2
2 no—
! 1 *3—
2n>_
2 _
1 *2—2
11 *2 —
2 _
2 __
1 —2
.
1*21 —2
2 —
2 1*2—
2 __
1* —
0
1 —
2 —
—
llo —
l —
2 —
2 __
_
,2 _
* 9 -1
1* 2
2 _
2 _
*2 -1*2 1 \o __
2 __
1 —
1 —
2 io _
1 —
2*3—
11 *9 —
1 —
2*91 *9 2*9
1 —1*3 1*3—2 2*3—3 2*3—3
1*3—2 2*3—
1 — 1*3 1*3—2
* __
7
1*3—2
2 —
1*21*3—2 2 * 1*2—2
2
2*3—
2
1*22 *9 2*9
2

2
2
2

COM M ERCIAL PAPE R.

TIME LOANS.

C A L L LOANS.
1 6 “ 4»

R ange.

R a n g e.

R an ge.

R an ge.

3 2*2—3
2*2—3
2*23 —
2*3—
3 3 —
2 *3 —
3 —
2*93 —
2*92*22*92*3—
2 *2 2 *2 2*90 __
0 __
2 _
O _
'
2 —
2 —
2*3—
2*92 _
2*3—
0 _
Olo_
2 - 2*0
3 —
3 r3 3 3 3 —
2 _
3 —
0 _
2 2 2 —
2 —
2*92*32 * 9 -3
2*92*3—
2*3—

3*3—4
3 —3*2
3 -3 * o
3 -3 * 2
3*2—4
3 -3 * 2
3 3 —

3 * 3 -4
3 -3 * 2
3 - 3*3
3 - 3*3 3
3 * 2 -4
3 —3*o 3
3 —
3
3 —

3

3

-4

3 3 —
3 —
3 —
3 —
3 —
2*3—
3 —
3 —
3 2n2—3
2n2—3
2n2—
2n 3
2
•21)2*3—
2 *9 —
3 —
2*3—
3 —
2 * 3 -3
3 —
3 —
3 % -4

3

-4

3 —
3 3 —
3 —
3 3 —
3 —
3 —
3 —
3 —
2 * 3 -3
2*3—3
3 —
2 * 3 -3
3 —
3 —
3 —
3 —
3 —
3 —
3 —
3 -3 * 2
3 * 4 -3 %
3 % —4
3 % —4
3 * 9 -4
3 -3 * 9
3 —3*3
3 * 9 -4
3 —
3 —
2 *9 - 3
3 —
2*o_
3 —
2*2—
3 —
3 —
3 —3*3
3 -3 * 9

3*23*2—
3 —3*o
3 -3 * 2
3n2_ 4
3 —
3 —
2*3—3
3 —
2 *9 2 *2 2*23 —
3 3 —3*2
3 —3*2
3 —
3 3 —3*2 3 - 3 * 9
3 -3 * 2 3 -3 * 9

—

—
—
- 3*9
—
-3 * 2
-—
—
3 —
3 —
3 3 3 —
3 —
3 —
3 —
3 —
2 * 3 -3
2*3— 3
3 —
2 * 2 -3
3 3 —
3 —
3 —
3 3 —
3 —
3 -3 * 2
3*4- 3%
3 % —4
3 3 4 -4
3 * 2 -4
—
—
—
3 —
2*3—3
3 —
3 —
3 —
3 —
-—
—
—
3 - 3*9
—
—
—

d ays.

Single-names.

C h o ic e P r i m e
P t'im c
G ood
S ix
F ou r
F ou r
4 to 6
M o n th s . M o n th s . M o n th s . M o n th s .

__
—
3 * 2 -3 3 4 4 —4*3
—
—
4 —4*3
,3 * 2 334 —4*o
—
—
3*2—
—
3 - 3 * 2 334 — 4*2
—
—
3*2—3 % 4 - 4 * o
—
—
3 - 3 * 2 4 — 4*3
—
—
3 - 3 * o 334 - 4*0
—
—
3 - 3*2 3 3 4 -4 * 2
—
—
3
3*2 334 4*o
—
—
3*2—4
3 —
—
—
3*2—4
3 —
—
—
3 * 2 -4
3 —
—
—
3 * 2 -4
3 —
—
—
3 *2 - 4
3 —
—
—
3*2—4
3 —
—
3*4 3*9 3*2—4
—
—
3*4—4
3 2 34— 3
F o u r to S ix
3 - 3*9
23
4—3 3 - 3 * o M o n t h s N a m es .
2 % —3 3 - 3 * 2
*2— 4
3 -3 * o
3 —
3*9- - 4
3 -3 * o
3*2—4
3 —
234- 3
3 3*2- - 4
23
4—3 3 3*2—4
3 2 3 4 -3
3 *4 —4
3*2—4
3 3*93 3 —3*2
3*9- - 4
3 —3*2
3 —
3*9- - 4
3 -3 * o
3 —
3*2-- 4
4
3 —
3*4— 334
-4*2
3*2—4
3 * 4 -3 %
3 —
3 * 4 - 3 34
3*2—4
3 —
4 —4*4
3 —3*4 3 14— 334
4 - -4*2
,3 - 3 * 4 3*4—3%
3*2—4 4 — 4*2
3 — 3*4 3 * 2 - 4
3 -3 * 2 3 * 2 -4
4 -4 * 9
3 * 9 -4
3 -3 * 2 3*2—4
3 * 9 -4
4 -4 * 2
3 * 9 -4
4 —5*2
3*4—3*2 3 * 2 - 4
3 - 3 * 9 3*2—4
3*9—4 4 — 4*o
3 * 2 -4
3*2—4 334 —4*0
3 —
2 %—3 3 - 3 * 2 3 —3*2 334—4*2
2 * 2 -2 3 4 3 —
3 —4
3 —
3 —
3 —4
2*9—2 % 3 2*3—234 3 3 — 1
3 —
2*3—234 3 —
3 —
3 -4
234—3
3 —3*9 3 —3*23*9—4
2 % —3
3 - 3 * 9 3 - 3 * 9 3*2—4
2 % —3
3 - 3 * 9 3 —3*2 3*2—4
2 % -3
3 —3*9 3 - 3 * 9 3 * 2 - 4
3 - 3 * 9 3 —3*2 3*2—4
234—3
2 % —3
3 - 3 * 2 3 —3*2 3*9—4
2 3 4 -3
3 - 3*9 3 - 3 * 2 3*2— 4

1 89 4.

WEEK
E n d in g

— 5*2 Jan .
5 -6
5 -6
4 % -6
4 % —5*2 Feb.
5 —6
4*2—6
4*2—5*2
4*2— 5*o M ch.
4 —5*2
4*2— 5*o
4 *0.— 5 *0
4*2—5*2
4*2—5 A p r.
4*2—5
4*2—5
4*2—5*2
3*2—5*o May
3*2—5
4*2—5*2
4*2— 5*2
4*2—5*2 June
4n2— 5*2
4n2— 5*2
4*2—5*2
4*2— 5
4*2—5*2 July
4 * 2 -5 * 2
4*9—5
4*2—5*2
4*4—5*2 A ug.
4 *2— 5*2
4n2—5*2
4 n>— 51 ^
4n2— 512 Sept.
4*2—5*2
4 *2 —5*2
4 * 9 -8
4*2—7
4*2—7
Oct.
4*2—7
4*2—7
4*2—7
4n 7
2—
Nov.
4*2—7
4 * 9 -7
4*2—7
D ec
4 * 9 -7
4*2—7
4 * 9 -7
4*9—7
4 * 9 -7
0

6.
13..
‘2 0.
27.
310
17.
24.
3.
14).
1 7.
24.
31.
7.
14.
2 1.
28
5.
1 2.

19.

26.
2.

9.

16.
23.
3 0.
7.
1 4.
2 1.
28.
4.
11.
18.
25.
1.
8.
15.
22.
29.
6.
13.
20.
27.
3.
1 0.
17.
2 4.

1.

8.
15.
22.
29.

T H E

F e b r u a r y 18, i8S9. i

C H R O N IC L E

809

A iiJC X AX N E \V YORK—RATES IN 1S93.
LA fci
T IK E LOAXS.

CAL L LOAXS.

COM MERCIAL PAPER

Single1S93
Double-name.
name.
Choice Choice
Good
TT&JSg J?A
Q—
WEEK ES'DI.VO­
60 to 90 Fo n r
4 to 6
Range. ! Range. Range. Range. Range. Range.
days. Months. Month#.
6 —
6 _
6 [6 —
6 5*2-—
5% 534— 6 6 —7
..January
6 —
4 —7
5
6
January
7
5 —
5 —
5*4—5*2 5 1 - — 6 6 —6*2
5 —
5 —
2
4 —
4*9 4
14
2 V 6
5 —
14.
4*a—
4 —
5 —
A 5 —
4 *i~0 5 -51-2 5*2—6
21
3^*2 4
21,
i«p
4*o—
4 —
45*4-5*2 O*2—6
4 —
4*2—
4*
9™
3
4
28
28,
3% 3 i« 4 —
3 —
3 —
4 —
—3
3*
9—
4*#—4*2 4 *2 - 5*4 5*2—6
..February
2
4
4
4.
February
3 V —4 3V — T 3 Y - 4 l —TV s —
5 —
3—
5 —
5 —5*2 5 * 6
11
2*3 4
1 1 .......
5 —.
4 —
5 —
5 —
5 *2—6 6 —6*3
4*2—
3H 14
>
-fa 18
2
T8....... -----1 —0
—
11 —3 4 ^
-3
5 —5 1 15*2-“
->
0*2—6 6 - 6*2
3—'* Is —
25
4
3 —
2 5 ....... .-..2 * 3 —13 4
—
6 —
6
1 —7 lor all classes,
6
6 6 —
6 —
..M
arch
4
6 - _
March
4 ....... - . . . 3 —12 6
_
6 —
6 6 —
6 —
6 —15
6 —
6 —7 for all classes,
....1*2 —60
11
11.......
—
6 —
6 --« 6 —
i*o—20
6
for all Glasses.
16 0 13
IS .......
—
6 —
6 —8 far all classes.
6 —
6 6 —
25
6 6 2 5 ....... . . . . 1 - 7
5*o—
..April
pig—
6 —9 for all classes.
6 —
6 —
1
5*2—
6 6 —
April
1 ...... . - . 3
-2 5
[5*9—6 6 —7 6*-2—3
6 —
6 —
6 —
:(> 6 —
5
8
6 5*2—
8 ....... ___ 3 —7
6 —
lo —
6 6 --[5*9—6 for all classes.
6 —
4*3 }5
15
15....... . . . (3 - 5
6 —
6 —
6 —
6 —
5*2—6 for all classes.
22
■SV...13 —15 5
|
5
6 0 —
5*2—6 for all classes.
5*9—
6 —
29
5
6
29....... ___3 —12
5*26 —
6 --.
6 —
............... May
6 |5*
2—6 for all classes.
6
6 . ___
6
,
6 May
n —
6 — le 6 —
0 6 —
6 * 2 -7 16*9—7
13
4
3
13.......
-1 0
6 —
!* 5
6 — [6 —
6 —
6 _
6*
2-3 6* 8
2—
20
3 15
20....... ,.../2 —5
—
0-7
6 —
6 —
-1 0
6 —
6*
2-8 6* 8
2—
27
___2 —3
2*3 3
6 —
U-*a—
—
c; — 6 * 2 7
—9
..June
—10
3
4 *9—•' 1*9—• 5 >
5*9—
i>v—
3 .......
2*9 l
Jim-:
• _ J 2 4*3
7
—
5 —
514—6 5 V - 0
—9
6 —6 ‘o 6*2—7
4*2—
!5 —
10
10____
—.
6 —
6 6 10
6 —
17
|6*a—7 17*2—8
« 17____ . . . . 4 —25
_
6 (6
6 —15 f.»r all classes.
•
f
6 —
24
6
« 2 4 ..... ....,3 - 2 3
..July
0
*
6 r lC . 6 - 2 C.' 6 f com 6 * com. 6 -f-ooru. 6 7- com. 3 —15 for all clashes.
1
6 i- *4 e.* {
e^-'4atc* 6 - com. 6 * com; 6 -coin. 6 -com 8 —15 for all classes.
' '0
8
8 ....... ___3 - 2 5
----*“
------lit 4 - —
!-A. * - l c . * c o-- n . 6 - coin 6>oom. 6 i-com. 8 —15 for all classes.
.
12 .
i
-2 0
15
16
15
oo
6 4-2 c.' for all classes.
—
- com.|6 - com. 6 - coin 6 f com. 6 room 8—
6
-1 1
22
6 r lo .• for all classes
29
0
"4
6 s i C .‘ 6rl*9e*
64-2 0."
—
----- 9 —
29—
6 f coni. 6 f com. 6 com.16 f com. 10 f com. 9 —6 f le .‘ for all classes.
.August
9
6 August
5 . . . ........ 2 -5 1
5
— j6 * com,16 -f com. 6 - corn. f6 room 6 com 9— 6 - ic.* for all classes.
•
12
5 i —
12 . . . . . . . 2 - 6
19
4
6 —
—
6 f com. 6 ^ corn. 6 com.|6 + 00m. 6 + com 9—6 ^ic." ror all classes
19.............. 2 - 6
,5
6 —
—
6 r com. 6 - com. 6 r com 6 x-oom 6 - com. 12 —15 for all classes.
26
2 6 . ......... 3 - 7
6 6 —
7 —15 fo* all clas-es.
6 —
6 —
6 —
4*a 16 ..September 2
September 2 . . . . . . . 2 —6
6 —
6 4 16 6 6 —
6 —
7 — 12 for all classes
9
9 .............. 2 - 5
6 —
6 —
.5 —
6 16
4
6 6 —
a 1 18 112 16............. 3 —7
6 —
5 —
6 —
6 —
5 —
6 —
734—
-8 13 —9 9 — 11
23
3
6 23 ............ ‘l —'1
«i —
6 —
6 —
a 7 * -8
9
7 * - 8 [8 — 12
9
0 6 —
30
3 0 ............ 2 —5
4 [3 — 6
6 —
6 —
6 —
6 —
u .3
l —5
6*9—7 7 — 10:7 - 1 )
. . .......October
6 October
7 . . . . . . I *2—3
l —
5 —6 5 — 6 5 —6
14
6
6 —3 ,*
<
10
4*914
1 *9—3
2*9 t —5
iv ~
5 — 6 5 —6
1 —
5 -6
SV—,3V SV—(I 10 is—7
2
4%—5
11* 21
2 1 .............. 1 - 3
*•*,Jly—
5 —
5 —
5*9—
5 * 6 *9 6 —7
9—
3 28
1 —
3 ~t
1*9—
2 8 ........— 1 —2 % 2
t —3*9 4 — t*u 4
November 4
2
3 4*9 i — 4‘- 4*9-5*9 t»9—5*9 5 —5*9'5*9—6 |6 —7
November 4 ........
! -2
4 4 ft —5*9 > -5 1 9 1\ —5 5 —ft*2 5*9—0*9
2
3 — 1 3*$—
11
4 —4*9 l — 44 J
1 1 _____ l —2
l —
U lg -f) 3 -( )
•*
2 9—
3 —
3 3 —
18
18............ . 1 — I *a 1 V (2 - 3
* v —» .4*9—4
2
‘ •».
1 —
T V -T V P - l i
25
1 *3 ,2 2 —
2 19 -3 2 V - 3 3 *9-1 3*9—4
2 5 .........
1 -1 * 3
2
12 —
2*9—3 2 *
9—:) 3 *9-4 3*9— 1 3 ' , — 1 I -IV>;5 — 6
.December 2
December 2 . . . . . . . t -IS # I V 213* _
>
3 —3*9 3 —3*9 3 V —T ,t —41,'. 3 — 0
‘2
2 *9 9
1 '1 2 m 9 ............ 1 - I V
|2 —
2^—
3 :)< *16
:)• » it — 1 v s - o
1 6 ........
3 Si—
:> 1 - T V m 12 3 —
3 1 ,2 -2 * 9 3 —
23
1
2 —3
:11k TV—1 V 3 - «
3* 9
2 -2 V
2 3 ,............ V - l v
2
3>f—3%U —TV!'> —6
30
•*-1 V i v la 21—
*
3 V—
i v —» 3 *9—4
3 0 .............
i$ 9 3 .

At

At
Stock Exch-gc. j

30
days

60
j days.

Four
Five
Six
90
days. , Months. Months. Months.

' In these ease* the borrower hal to pay t js eostmUMioo indicate.! la addition to Interest.

M O N EY

M ARKET

___ C A L L L O A X S .

1892.
W E E K E X D IXO —

Range. .ie'gt Range.
2 ............
f»............
16...... ,
23.............
30..........
It ebruary
6 ............
13............
20...... ..
27.......... .
. larch
’
5.............
12. . . . . .
19. .........
•26............

-•an nary

9 .............
16.............
23. . . . . . .
30 ....
14...........
21.............
28..........
Avne
4. .. ,
11 ..........
1 -.............
25.............
July
2 .............
9.
16.............
23............
3 0 ...........
Annul
6..............
13
20........ .
2 7 ... .
fleotenibet 3. .........
10. .........
17. ..........
24............
Octolxtr
1 ,...
8 ...........
15......
22
29.............
November ft___
12............
19........
2 6 . ..........
December 3 .
1 0 ..........
IV .........
24.
31.............

2 -5
1 he—4
l —3
1 —2*9
1 - 2 *«
1 - 2 'a
i —2*9
n .,- 2
lV ' 2
l %- 2
l% -2
1V - 2
!% -2

2 !s
3
2J
s
2
2

2
2

11*5-2
2
i
2
iv -a
•
»
11 ~ ~
i
1 —2
1*9
l -2
TV
1 —2
TV
i _a
TV
i - l i a TV
l —1*9 1 V
1
1 «v TV
1 *2
IV
tv
l% -2
1*9-4
2V
l -A
2
1*9
1 —2
7.
1
IV
r —2
IV
!»
1 —2
IV
1*9—2
1 l-r 2 *v
2 ’ -6
3%
4
2 ia -6
.1 - S
TV
3 —4
av
3 —6
TV
) -1 0
ft
4 Ur-H I 6
6
4 -8
:* —7
5%
-8
6
1 -6
5V
4 -6
5
3 -«
)
IV
4
IV
1
27 7
;; —to in
4 -1 0
.'•V

NEW

YO R K — RATES

IN

1*192.
i C O M M E R C IA L P A P E R

T IM E L O A X S .

At
30
60
Ban k*<f 1 day*. I days.
Trim! Co

At

AT

Range.

Range.

90
day*.

j Singlename.
1 Choir e | Choice
hood
F on ri 4 to 6
Range. 60 to o r \
day*. Months. Months

Four
Fire
Six j Seven
Month9 . Month*. Month*.

Range. Range. Range.

Range

Double.-name.

1892.
WEEK
SXD 1X0—

__
'r.V - « ....... Janu’y 2
IV 4% —
4*9”
—
4 —
TV—SV 5 —i}
TV— U *9 TV1 —• TV1*9—
IV - m . 5 —6 .......
IV 16
•1 —
—
1 U—TW 3 —51. ___
\ 3V —
T 23
3*9-1 p V — T
3 V -4
4*9 5 —5*9 .......
3 V -3 V »
30
3 -3 * 9 4 4 —
■ —
t
3 V—
3-V -T V TV—SV ___ Febr’y 6
3 *9—4*9 3 * 4*9 3*9—4*9 3*9—4*2 3 V—
9—
4 —
13
TV—•TV
—
3 *9-4 3V —T ,3 V ~ t
1*9—5*2 ___
20
r3V 3*9—
1 1 —
4*2—5 ......
t
[4 27
ft —
li 3V I * v r. —
4*2—5 5 —5*2 . . . . . March 5
4 *94*9”
T 4 —
4 *9—5
—6 .......
1 12
1 —
TVT 4 —
4*9—
19
T V —5 5 —6 .......
—
4 —
1 •4*2—5 ft —6 ......
3 V—
4 —
26
;{i., _
4
4 —
4. —
1 —
4 — ‘ ' TV- 5
3 V—
:i V—
......
9
3V3 —
—
3*
9—
3Vi —TV 4*2—5*2 ...
16
13 V 3 S- - S b
4 —
1
3V—
1 —4 *• TV— 5
*
...*
23
3
1 —
4 —
8 V—
3 V - 3 V 3V —TV TV—5 ......
30
3 3
.»—4
3V — 1 3 *
2 —
|2 —
2 V —3 2 V - 3 8 V 1
3 V—
3 -3>4 3 >3— 1 1 —5 ......
14
2 —
2 —
1 2 V—3 2 *9—3 3 V .2 “*
*
4 —
3V—
i3 -3 » j 3 *9-4
1 -6
___
21
•
*
3 —
3 3 2 V—
3 V—
:) V —4 4 - 5
3*9—
......
28
2 —
12 —
3 —3*9 3 —3*9 3 -3 * 9 !'AU—3 3 *9-4 4 —5
2V 2 V—
2*
9—
2 —
2*9—
3 —
3
3 1*9—2
2%—3 3*4— 4 4 —5
11
o
2 —
3 *
3 —
1*9-2
2a
»—3 3 -3 * 2 3V —TV .....
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f —
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v-

T H E

3 10

IMPORTS AND EXPORTS FOR JANUARY.
The Bureau of Statistics at Washington this
week issued the statement of the country's foreign
trade for .January, and from it and from previous
statements we have prepared the following interesting
summaries. The tables are the same as those form­
erly given by us in our article on the Financial Situation.
F o r e ig n t r a d e M o v e m e n t o r t h e U n it e d s t a t e s .

m the foliowing tables three ciphers (000) are In all oases om itted.

--------------- 1898-99.--------------- ---------------------1897-98.-------------B xporU .

Im ports.

B xcm .

B x v o rtt.

Im ports.

E xcett

JuWeSeCh l "'il7 * 7 S 7
pt’.d
149*123 + 9S.M 4
October
1 1 8 6 2 0 52.351
469,209
November’
1*29,780 ,1-2,109 4-77,071
December
1 3 7 819
55,120 +82.098
January.7
.*..
175,516 58,472 + 57,044

256.470
H 1 ,7 4 o
116,072
1*25,053
108,427

133,918 +1.20,522
49,980 +61.705
^2,355 -t-64,317
51.505 +73.548
5 0,828 + 57,599

T otal......
749.472
367,175 + 3 8 2 ,2 9 7
G o ld a n d G o ld in O r e .
July-Sept...
6,558
44,717 -3 8 ,1 9 1
O c to b e r....
1,2^0
16,7.38 —1,5,458
November..
913
5.314
—4,401
December .
1,220
8.768
—7.548
Jammry ..
*2,330
6,066
-3 ,7 3 6

718.367

340 ,01 0 + 3 7 7 ,7 5 1

7.590

313
099
578
* ,958
2

1 0,383
-3.7j||
1 t,77o —l l , 4 0 f
3.054
2,335
*-2,582 —*-2,004
6,493
-3 ,8 3 6

—59.334

11,838

3 4,287 —‘2*2,449

+ 5,337
*-3.252
+1,753
+1,327
+*2,707

1 4,453
5.225
4,981
5,849
4,302

8,834
3,283
3.151
2.767
2,536

+5.619
+1.942
-Lle830
+3,082
+1,708

+ 14 .43 6

34,810

20,571

+14,239

T otal........
1*2.299
71.633
S i l v e r a n d S i l v e r In O r e .
July-Sept...
14,835
9.198
O c to b e r....
£ 513
1,201
N ovem ber..
4,023
‘2,270
December..
5.82"
4,501
Jan uary....
5.359
2,592
T otal......
""34^558
_________
*
+ Hxcess o f exDorts

~~20,122

— Excess o f imports.

We subjoin the totals for merchandise, gold and
silver for the seven months since July 1 for six
years.
GOLD.

M e r c h a n d is e .
Seven
Mos. Exports. Im ports.

98 99
9 7 -9 8
9 6 -9 7
95 96
9 4 95
93 94

t
749,472
7 1 8 ,3 0 '
655.177
524,966
501,908
573,567

367,176
3 4 0 015
363.278
478,717
407,818
367,318

Si l v e r .

Excess
E x­
of
E xports ports.

Excess
E x­
Im ­
of
ports. E xp orts ports.

*
382297
377751
291899
46218
93985
2 0 6249

*

t

t

$

12,299
11,838
15,7(8
7 9,990
57,124
7.349

71,633
34,287
79,780
18,128
10,£03
61,940

*59,334
*22,449
*64,022
61,802
46,256
*54,591

34,558
34,810
37.947
35,206
27,117
31.651

E xcess
Im ­ of E x ­
ports. ports.

$
20.122
20,571
18.270
16,474
11.458
13.615

t
14,436
14,239
19,077
18.792
15.059
18.030

Similar totals for the month of January make the
following exhibit.
M e r c h a n d is e
Export* Im ports.

1
1 8 9 6 . 115,510
1 8 9 8 . 1 OS, 127
1 8 9 7 . 93.95?
1 8 9 6 . 86.970
81,230
1895
1 8 9 1 . 85,909

$
58,472
50.828
5 1.354
68.648
67,548
51,921

Go l d .

E xes* a
E x­
Of
E xports ports.

SILVER
E xcess
of
E xp orts

E x­
ports.

f
t
*
*
57.014 2,330 6.000 *3,736
57,599 2,058 6.493 *3.835
442
943
42.598
*501
18.322 1 0,572 10,547
25
13.682 26.205 1,300 24,905
33.988 1.284
733
651

*
5,359
4,302
4,155
4,989
3,766
4.808

Im ­
ports.

E xcu t
Im ­ o f iU
u..
ports. port »
1

2,593
2,536
2,785
2.491
1,038
1.402

1
2,767
1,700
1,370
2,498
2,118
3.406

* E x ce s s o f im p orts.

In these tables of totals, gold and silver in ore for
all years are given under the heads respectively of
gold and silver.
The following shows the merchandise balance fo
each year back to 1875.
EXCESS OP MERCHANDISE IMPORTS OR EXPORTS.

7 months ending Jan. 81—
1875 .......... Exports .$14,631,234
1876 ..........Exports. 39,238,286
1877 ..........Exports.140,070,348
1878 ..........Exports.135,499,528
1879 ..........Exports.175,518,609
1880 ..........Exports. 148,309,103
1881 ..........Exports. 190,508,856
1882 ..........Exports. 73,304,540
1883 ..........Exports. 77,084,524
1884 ..........Exports. 81,739,071
1885 ..........Exports.147,660,146
1886 ..........Exports. 55,640,747
1887 ..........Exports 70,536,756
1888 ..........Exports. 38,110,199
1889 ..........Exports. 33,055,093
1890 .........Exports. 99,228,344
1891 ..........Exports. 73,155,513
1892 ......... Exports. 192,869,060
1893 ......... Exports. 42,569,695
1894 ......... Exports.206,249,642
1895 ......... Exports. 93,985,299
1896 ......... Exports. 46,248,252
1897 ......... Exports.291,899,110
1898 ......... Exports. 377,750,877
1899 ......... Expo rts.382,296,540

St o c k E x c h a n g e

l x 'v i i i ,

including F rid a y, F eb ru a ry 17; also the aggregate fo r Jan u ­
a ry in 1899, 1898 and 1897.
STOCK EXCHANGE CLEARING HOOSE TRANSACTIONS.

— Shares, b n ' h nrie#.—> ------- -Balances, one side.----- —> S h e e t s
Cleared. Total Value. Shares. Value Shares. C ash.C leared.
1897*
$
t
January... 12,000,700
778,000,000
1,125,500
74,900,000 1,008,900
5,90$
1898Jaauary.. 25,939.000 2.004.200,000
3,211,700 225,300,000 1,894,000
6,979
1899Januarjf. 75 000,300 5,413,800,000 10,529,800
751,100,000 0,536,000
8,330

/ Shares, both sides.—
—
,
Cleared. Total Value.
1899.

Feb.
“
“
“
“

6..4,429,900
7..2,258,900
8..2,500,300
9..2,926,000
10. 1,914,000

/— —
—Balance, one side. — ■ Sheets
Shares. Value Shares. Cash. C lea red

$

2 L2,200,000
192,300,000
201,600,0 0
222,000,000
142,100,000

$

559,500
333,100
373,101
390,300
276,500

42,100,000
26,700,000
27,000,000
30,800,000
21,400,000

$

472,200
171,000
335,800
318,000
140,300

40
39 7
306
3 92
380

Tot. wk. 14,029,100 973,200,0001,912 500 148,000000 1437300 1,877
W kl’tyr 6,208,300 490,300,000 870,900 65,200,000 431,900 1,73
Feb. 13...........................................H O L ID A Y ......................................................
“ 14.-1,430.600 132,100,000 200,000 19,100,000 132,200
367
“ 15.-1,303,700 118,200,000 190,800 17,200,000 211,300
355
“ 16..1,946,200 161,300,000 273,300 21,300,000 182,200
379
“ 17.-2,717,600 243,700,000
392,500 32,900,000 360.000
384
Tot.wk. 7,448,600 655,300,000 1,056,600 90,500,000 885,700 1,485
Wklastyr6,70^,500 579,030,000 905,700 72,100,000 535,300 1,727
The stocks cleared n ow are A m e rica n C o tto n O il com m on .

A m erican S p irits com m on and p referred , A m e rica n S u g a r
common, A m erican Tobacco com m on. A tch iso n com m on
and p referred, B ro o k lyn R ap id T ra n s it Co., C en tral o f N . J .,
C en tral P acific, Chesapeake & Ohio, C h icago B u rlin g to n &
Q uincy, C. C. C. & St. L o u is, C h icag o G re a t W estern co m ­
m on, C h icago M ilw au k ee & St. P a u l common, C h icag o &
N o rth W estern com m on, C h icag o R o ck Island & P a ­
cific, C h icago St. P a u l M in neap olis & O m aha com m on.
Consolidated G as, D elaw a re & H udson, D elaw a re L a c k a ­
w an na & W estern , E rie , F e d e ra l Steel, com m on and
preferred, G en eral E le c tr ic ,
L o u isv ille
&
N ash ville ,
M anh attan , M etropolitan S tre et R a ilw a y , M issouri K a n sa s
& T exas preferred, M issouri P acific, N a tio n al L ea d com ­
m on, N ew Y o rk C e n tra l, N ew Y o r k O ntario & W estern ,
N orthern P acific com m on and p referred , P acific M ail, P en n ­
sylvan ia, Peoples G as, R e a d in g com m on and first and sec­
ond preferred, Southern P a cific, So u th ern R a ilw a y p re­
ferred , Tennessee C oal & Iro n , T e x a s & P a cific, U nion P a ­
cific com m on and p referred. U n ite d S ta tes L ea th er p re ­
ferred . U n ited States R u b b er com m on , W ab ash p referred
and W e ste rn U n ion .

p te rw e ta rg f C o m m e r c ia l g u g lis T t ^ e m s

* E x cess o f im p orts.

One
M o.

rvoL ,

C H R O N IC L E .

1 month ending Jan.. 31—
1875
.... Exports. $12,398,797
1876
.........................E xports.
9,658,588
1877
.....Exports. 26,814,667
1878
.....Exports. 33,539,829
1879
.... Exports. 25,893,554
1880
.... Exports. 11,788,685
1881
.... Exports. 28,794,104
1882
.... Exports. 7,964,827
1883
.... Exports. 23,409,055
1884
.... Exports 19,678,990
1885
.... Exports. 38,311,413
1886..............Exports. 10,573,315
1887
.... Exports. 19,583,186
1888
.... Exports. 4,537,506
1 8 8 9
.Exports. 5,130,114
1890
.... Exports. 11,988,706
1891
.....Exports. 20,329,328
1892
.... Exports. 37,418,786
1893..
. . . . .. . . 1mports.
7,494,598
1894..
. . . . .. . . Exports.
33,987,549
1895
.... Exports. 13,682,064
1896
.... Exports. 18,322,428
1897
.... Exports. 42,597,865
' 898............... Exports. 57,598,960
1899............... Exports. 57,043,639

C l e a r in g H o use T r a n s a c t io n s .— The

subjoined statem ent includes the transactions o f the Stock
E xch an ge Clearing-H ouse from F eb ru a ry 6 down to and

[From our ow n correspondent.)
L o n d o n , S atu rd ay, F eb ru a ry 4, 1899.

T h e im provem ent in th e stock m ark ets has made fu r th e r
and indeed v e ry m arked progress th is w eek. T here is b u t
one cloud in the sk y so fa r as can be seen a t p resent, and
th a t is the n ew confusion th a t has been in troduced in to
F re n ch affairs b y the G overn m en t b ill au th o rizin g th e C r im ­
in al Cham ber of the C ourt of Cassation to con clude the D re y ­
fus in q u iry, b u t req u irin g a ll th e C h am bers o f th e C o u rt
un ited to decide w h a t is to be th e result.
T he bill is m an ifestly d icta ted by the m ilita ry staff, and
n ot u n n atu rally it inspires a fea r th at the staff m ay be co n ­
tem p latin g a coup d'etat. T h a t P a rlia m en t w ill th ro w o u t
the b ill is considered probable b y th e best a u th o rities in
Paris; and as th e p ro b ab ility m ust h ave been present to th e
m inds both o f m inisters and o f m em bers o f the sta ff, it is
argued th a t the o b ject o f tbe staff is to find an excu se fo r a
coup d'etat. T here are m any persons, how ever, w ho re fu s e
to believe this, and there are m any others who th in k th a t
the arm y w ould n ot fo llo w the generals.
H ow ever th a t m ay be, there is ce rtain ly m ore uneasiness
in F ra n ce than th ere w as a w eek ago, alth ou gh the B o u rse
does not show m uch sign of it. It is noticeable, though, th a t
w hereas a w eek ago F ren ch in vestors w ere b u y in g g o ld
shares in this m arket on a la rg e scale, this w eek th e sellin g
equals, or, a t a ll events n early equals, th e b a y in g .
B u t w h ile there is a recurrence o f uneasiness in F ra n c e ,
there are v e ry m any influences all ten din g to reassure
m arkets. M oney has becom e cheap and aouudant. T rad e is
w on derfully good, better even th a n it was at th is tim e la st
year, and it is expanding daily. T he p u b lic h a ve q u ite re­
covered confidence and are in vestin g upon a v e ry la rge scale.
A nd n ew enterprise is beginn in g, and prom ises to assum e p ro ­
portions such as have n ot been seen since the B a rin g
collapse.
Indeed the n ew loans and com panies th a t are n ow com in g
out are o f a kin d to in dicate a com plete chan ge in p u b lic
opinion such as is lik e ly to lead to w h at we were accustom ed
to before the B a rin g collapse. U nless som ething en tirely

F e b r u a r y 18, 1899,]

T H E

C H R O N IC L E .

3 1 1

onforegeen happens, i t is evident th a t w e are abou t to w it­ W ednesday 70 lacs and the applications am ounted to SaSJ^
ness a volum e o f in vestm ent abroad such as has not been lacs. T he w hole am ount offered w as allo ted a t an average
price o f Is. 4 3 32d. per rupee fo r b ills and Is. 4>&d. per rupee
seen fo r f u lly ten years.
In the A m erican m ark et there is a good deal of a c tiv ity fo r telegrap hic transfers. Subsequently .a sm all am ount was
here. B a t o a r m arket does not in itia te . It fo llo w s H ew sold b y p riv ate co n tract at Is. 4}gd. per rupee.
The fo llo w in g re tu rn show s th e position o f th e B a n k of
Y o rk , goin g up a3 the la tte r advances and go in g dow n as it
E ngland, th e B a n k ra te o f d isco u n t, th e p rice of consols
recedes. A t the sam e tim e it is n oticeab le th at w h ile there
is an in clin ation here to sell w henever there is a m arked rise , t o ., com pared w ith th e la s t th re e y ea rs:
there is an equal in clination to bu y w h eaever there is a de­
1898.
1897.
1899.
1898.
Feb. 3.
Feb. 2.
F ib . I
Feb. 5.
cided fa ll. The m ost gen eral opinion appears to be th at
s
£
£
£
circu la tio n ................................. 36,803,745 86,960,110 25,863,555 25.448,925
prices h a v e been carried up too fa st in H ew Y o rk , and that Public deposits...... ....................
9.700.973 14.39S.3S8 10.685,700 11 795,393
Other deposits...... ...................... 40.7l3.Su7 35.67S.40s 43,020,319
there m ust before lo n g be a reaction. W h en th a t occurs Government securities.............. 13.337.036 14,003,038 14.770,976 51,040,284
14,469,323
Jther securities
*...........
every th in g seems to point to a considerable b a y in g o n this Reserve o f notes ...........o in ...... 83,207.780 81.455,748' 28,834,-481 20,551,772
22,069,149 22.774.077
23,241,443 39,916,784
stud c
Coin * bullion, both dep&rtm’ts 32.974.S94 32.934,137 S7.307.998 48,505,639
fc
side.
62 7-10
15 7-10
|5 j
Prop, reserve to liabilities.p.ct.
GSH
3
•3
+3
Bank rate ................ per cent.
2
In the S o ath A frica n departm ent there i3 v e ry la rg e b a y ­ Gondola, 2H. per ce n t.................
112 9-16
113 3-16
111
108^
26 l-18d.
2w^d.
.
Silver........... ............
...
30 13-164.
in g , th o u gh occasion ally the advance has been checked by Haartnjr House returns..
329,77*,000 194,544,000 174,4^8,000 173,079,000
th e hesitation of Paris. S till, e ve ry w eek show s a v e ry con ­
i January 19.
• January 21.
siderable rise over the previous w eek. A n d in a g re a t m any
The Bank ra te o f d isco an t and open m arket rates a t th •ase s prices o f T ran svaal gold shares are now a ctu a lly highe r
ch ief Continental cities h ave been as fo llo w s:
than th ey w ere at^thejtop o f the boom in 1895,
Feb. 3.
Jan. 27.
J a n . SO.
Jan . 13.
T here is also considerable a c tiv ity ia A rgen tin e and U ru ­
R ates o f
gu ay a n stocks. T h ere is m ore a c tiv ity than there was in
in terest at
Bank
flank
flank
Bank
Ope n
Oven
Open
Optfn
other South A m erican stocks. T here is a considerable in ­
R a te
M arket Rate. M arket R a te . M arket R i t e . Marks
vestm ent in Colonial and Indian secu rities o f e v e ry kind. P a r is ............... . 3
3
2 15-10
3
8 16-10
3
3
2J4
5
5
5
6
SR
Berlin..............
m
4R
A n d there is a fa ir business in in d u strial com panies.
4%
1
6
0
5
5
Hamburg . . . .
3R
04
4«
T he fea tu re o f the w eek, how ever, has been the rise in
4
5
0
5
Frankfort........
5
JR
SR
4R
copper shares. Copper at E G per ton is new higher than it Amsterdam ....
SR
m
214
SR
SR
SR
SR
2R
4
4
s
8%
m
m
SR
SR
has been since the Secretan com bination over teu years 8 m u e li..........
Vienna ... ...
5
5
4R
5
4
5
04
<R
ago , and it is believed that ihe consum ption is fast 0i. Petersburg.
0
6*
SR
1>H
5R
5R
SR
SR
exceed in g the prodn ction , though m any a lle ge th at th is Madrid...........
5
6
6
5
5
5
&
&
b
5
6
5
6
6
5
appears to be so only because o f sp ecu lative m anip­ Copenhagen
The rates fo r m oney h ave been as fo llo w s :
ulation,
In any event, stocks o f copper are rapidly
declining.
T h erefo re there has been a rem arkable rise
Interest allowed
Open M arket R ates.
fo r deposits bp
1
in all copper shares, the m ost sign al o f all being in R io
London.
Bank Bills.
TVaae Bills
V
T in to shares, w h ich have) been over 40 th is w eek, A t the
S to ck
At
1
4 3 M onths. 4 Months. 0 M onths. 3 Mas. 4 M ot. Banks Call Daps
tim e o f the Secretan com bin tti in , ta e high est p rice to u ch ed
b y R io T in to shares w as 2.>. S in ce then the old share, w h ic h Jan. 0 1
3
3
SR SR
SR
SR
SR
**4
3
3
2 0-10
2 6-10
2 0-10
M 13 4
SR 2
SR
w as o f t i e n o m iiiil valu e o f E ld, has been divided in to tw o
2
3
“
20 3R 3 &2H
* R *2R 2 R «9
SR
SR
04
shares, an ordin ary and a p referred. T o e p referred is w o rth
.a 27
2
2
2k
2H
2.8®SR 2S4®S
SR
SR
R
a 1- 10*214
1U 1 *
i
£0, and the ordin ary, as already said, has been as high as 40 Feb. 8 1
SR
1R
th is w eek. So th a t takin g the tw o togeth er, R io T in to shares
Messrs. P ix le y and A b ell w rite as follo w s under date o f
are n ot v e ry fa r sh o rt o f tw ice as h ig h as they w ere d a rin g Feb. 2 :
th e m addest tim e o f the Secretan gam ble.
co ld -T h e inquiry lias decidedly slackened, and the Bank has re­
ceived *ome of the recent arrivals, paying over their late buying price
T he D irectors o f the B ank o f E n glan d on T h u rsd ay p at to secure sam e. The amount, received by the Bank during the week
dow n th eir ra te o f discoun t to 3S. T h e go ld dem and has total *2 8 1 ,0 0 0 ; and *1 21 ,0 00 has been withdrawn to day for South
America. Arrivals: South Africa, £ 6 3 3 ,0 0 0 ; Australia, £ 41 ,0 00 ;
ceased fo r the tim e b u n g . T h e B a n k is a ttra ctin g the m etal Straits, £ 4 .0 0 0 ; Bombay, $12 0 ,00 0 ; total, *798,000. Shipments: To
Bombay, £2,000.
in considerable am ounts, h avin g raised its b a y in g price to
Silver The market has been unusually dull for some days. A few
ad., but this level conld not
som ew hat higher than an y o f its com petitors are w illin g to special requirement- raised the price to 2 7 “
ae maintained, and to-day the price is 2 7 b .d ., with a rather weak apgive. The im pression in the c it y is th a t the directo rs, finding
ea ra n ce . America has been a moderate seller. The Indian prleo toS
100
th a t a higher rate w ould not answ er for the p u rp w s, are may Is :R*. 6 9 >3 p er* 3 8 .0tolahs. Arrivals:8 N'etv ;York, *181,000. Ship­
e n ts Uomhav,
0 0 ; Shanghai, * 8 ,6 0 0 total, * 123,500.
Mexican Dollar*—These com continue Inactive and thero are no
hoping to m ake the 34 ra te effectiv e n ow th a t the co llectio n
fresh transactions to record,
o f the reven ne w ill grea tly assist them.
'he q u o tation s f o r bullion are reported as fo llo w s:
In G erm an y it is gen erally exp ected that the Im psrial
B ank w ill reduce its rate to 44- Some say it w ill not go
Bil v k r .
Feb. Jan.
Fib, | Jan.
g o ld .
1 London Standard.
2
on d on S ta n da rd .
26.
2.
26.
below 4 jj4 B a t th e gen eral fe e lin g is th a t it w ill be p ut
dow n to 4 4 , p artly to disarm the opposition o f the A gra ria n s
d.
d.
*. d. • d.
silver, line...os.
77
77 9%
in the R eich stag and p artly to fa cilita te the n ew G erm an and tar .gold, flu* ...o * . 76 9% 76 4% Bar silver, oontaln’g 27116 27%
Bar
4%
J.8 gold coin, ..os.
2 7 l5 ja
do 5 grs. gold.os. 28
Prussian loans. H eretofore the governm ents o f G erm an y and kernra goldooin-oi. 76 6 ;76 8
do 4 grs. gold.os. 27% 2711,a
IS-ench gold ooln.ox. 76 0 70 8
Prussia alw ays em ployed a e ra d ica te of banks to p lace their
do 3 grs. gold.os. 27®)g 2 7%
lapanese yen — os. 76 4% 76 4
Cake silver..........os. 29* ,e 29%
loans. T h is tim e they h ave sold the tw o issues firm to the
Mexican dollars.os 27
27
D eutsche Bank, it is said because the other banka doubted
The fo llo w in g show s th e Im ports o f ce re a l produce in to
w h eth er a 34 loan could be placed and insiated upon a
the U n ited K in gd o m d u rin g the first tw en ty-three w eeks of
8% { issue. The P russian loan is fo r 123 m illion m arks or the new season com pared w ith previous seasons:
G'i m illions sterlin g, and the G erm an loan is fo r 73 m illion
IMPORTS.
1896-7
1 8 9 8 -6
1898-9
1 897-8
m arks or 3?i m illions sterling.
T h e tw o loans together
unport»ofwheat,owt.26.018.050 27.934.110 31,766,010 30,108,460
am ount to 10 m illions sterlin g. T h e y are bo th to bear in­ Sarley............................ 14.481.500 10,330,594 13,303,750 12,700,690
6,390,940
9,203,710
6,473,060
terest a t 34, and it ia said th a t the issue p rice w ill be some­ Oats............................... 7,265.970 1,286,820
1,807,718
1,453,100
Peas.....................
1,120.870
1,852,610
1,454,910
1,469,100
S e a n s ............................. 1 ,0 2 0 ,1 2 0
th in g betw een 92 and 93.
Indian co m ................. 22,557,860 20.331,560 27.161,400 10,429,580
It is n ot lik e ly th at the m em bers of the old syn d icate w il 1 Floor....... . . . ; .............. 9,646,530 9.168.580 10,390,450 9,523,650
do anythin g hostile to the new loans. It is still less probable
Supplies a v a ila b le for co n su m p tio n (e x c lu s iv e o f sto c k s on
th a t they w ill do an yth in g to assist. B u t th at they w ill be 'ep tem b er 1):
1896-7
189(1-6.
---------1897-3.
1898*9.
placed is a m atter o f course. jA ssu m in g th a t the Imj>erial vbeat Imported, owt.26,013,050 27.934.110 31,760,010 30,108,460
9,523,650
9.166.580 1 0 ,3 9 0 ,4 5 0
nports of flour....... . 9,646,530
Bank of G erm an y puts down its rate to 44, it is expected t•ale* of home-grown.14,586,635 13,301,451 12,659,819 7,191,180
that the B ank of F ran ce w ill reduce Its rate to 2 v . B u t o f
Total...................... 50,251,215 50,402.141 54,816,279 46,823,290
coorae the Bank m ay postpone doing so fo rjp n re ly p o litical
1896-6
1898-9.
1897-8,
1896-7.
26s. 4d.
reasons.
ivsr.prloe wheat.week.26i. 7d.
34s. lOd.
30a, 7d.
24s. l id .
Average price, season..27s. Od.
33s. 9d.
29s. Sd,
M eanwhile the Indian m oney m arket continues v e ry m uch
The fo llo w in g show s th e q u a n tities o f w h ea t, flour and
easier than a t th is tlm s last year or the y ear before
Both
n size afloat to the U n ited K in gd o m :
in Bengal and Bom bay the discoan t rates o f th e P residen cy
1897.
1898.
Thin mask.
Lent week.
2,485,000
2,410,000
1,760,000
banks are Is. F or all th a t the In dia C oun cil continues to Wheat. . .. . . .. . a r e . . . 1,773,000
395.000
490.000
flour, equal to q rs... 592,000
519,000
880.000
730.000
sell its drafts w ith grea t success. It offered fo r ten der on Ja»*e............... qrs -. 715,000
64o,000

T H E

3 12

K iiV iU u F in a n c ia l l a r l t e l s - H e r O aole.

New Y o rk C it y C le a r in g H ouse H an k s.— Statem en t o f
co n litio n fo r the w eek ending F eb ru a ry 11, based on averages
o f la ily results. W e omit two ciphers (0 0 ) in all cases.

T he d a ily clo sin g quotations fo r secu rities, etc., at L on d o n
are reported bv <*.able as fo llo w s fo r the w eek ending F eb 17.

Silver, per ounce........d,
Consols., new,2% p.ota.
For account........ ........
Fr’ch rentee(in Parl8)fr.
Spanish 1s....................
Atch. Top. A Santa Fe.
Preferred...................
Canadian Pacific..........
Central Pacifio............
Chesapeake A Ohio—
Ohio. Mil. & 8t. Paul...
Den. & Rio Gr. com. ..
Do
do Preferred..
Erie, common ...............
1st preferred...............
Illinois C entral...........
Louisville & Nashville.
Mo. Kan. A Tex., com..
. Y. Cent’l & Hudson.
Y. Ontario A Wcst’n
orfolk A West’ u pref.
Northern Pacifio, com..
Preferred.....................
Pennsylvania...............
‘ Phila. A Read ..........
*Phi la. A Read., 1st pref.
*Phila.A Read.. 2d pref.
Sonth’n Railway, com..
Preferred....................
Union Pacifio.................
New preferred..........
Wabash, preferred........
* Price per share.

lu es

if on.

Sal.

London

277,6
27%
27%
11110 1113,* 111%
1 11*4 1116,8 1 : 1 %
03-02%
102 95
547,6 5478
22%
2*2 %
23
63%
6314
907„
90%
90%
51%
f 1%
30
30
130
129% 129ig
23ia
23%
76
7014
15
15 M
i
153^
40%
39%
40%
1183i llSia 118%
67i0
67
66%
14%
1514
1401* 140% 140
22%
23
00 %
68
53
53%
8130
81
8 1%
67%
68
68
1130
1130
11%
31
31%
16%
16%
13
13%
51h2
51
4 -%
47%
81%
81
81%
22%
22%

277,e
111%.
11130
0<07%
54%
23%
63%
92%
51 50
30
130%
23%
76
15%
40%
118%
66%
U%
141%
23%
6*%
53%
81%
68%
11%
32
17
13%
51 %
47%
82
23%

Frx

Thun.

Wed.

277,6
1116,6
11130
02-97%
55
23%
6 %
92%
53%
30
130%
23%
7H30
15%
40%
118%
66%
14%
142%
23%
G *
O4
56%
83
68%
11%
31%
1H%
1330
517q
48 7
8
83
23%

27%
1113 8
111%
02-87%
54%
23%
6«%
917)3
53%
30
13^%
22 7g
767„
15%
4c %
118%
67%
14®g
1434
23%
55%
82
68%
11%
32
16%
13%
51%
49%
23=8

S fo m tu e r c ta la iic l R & ts c e T la iie c r its i^ e m s

I mports and Exports for the W eek .—T he fo llo w in g ai e
the im ports a t N ew Y o rk fo r th e w eek ending fo r d ry s ood e
Feb. 9 and fo r the w eek ending fo r gen era l m erchandisf
Feb. 10; also totals sin ;e th e beginn in g of the first week
In January.
EOREIOH IMPORTS AT NEW Y O R K .

For week.

1889.

1898.

1897.

1896.

Dry Goods___
Gen’l mer’dise

$2,503,731
9,467,601

Total.........
Since Jan. 1.
Dry Goods___
Gen’l mer’dise

$11,971,332

$9,204,217

$10,771,8:0

$7,762,068

$14,237,635
44,088,359

$14,802,162
36,876,471

$14,864,^43
41,126,513

$3 9,523,168
40,743,096

Total 6 weeks

$2,906,317
6,297,900

$58,325,994

$51,678,633

$3,185,910
7,585,940

$55,991,256

$3,356,088
4,405,980

$00,266,264

The im ports of dry goods for one w eak la te r w ill be found
in onr report o f the d ry goods trade.
The fo llo w in g is a statem ent o f th e exports (exclusive c 1
specie)from -tbe port of New Y o r k to fo reign ports for th e
w eek ending F eb. 13 and from J an u a ry 1 to date:
EXPORTS PROM NEW YO RK FO R THE W EEK.

1899.

1898.

1897.

1896.

For the week..
Prev. reported

$7,618,664
52,871,887

$7,918,861
45,916,704

$6 610,125
40,036,296

$4,433,817
41,888,365

Total 6 weeks

$60,490,551

$53,835,565

$46,652,421

$46,322,182

T b e fo llo w in g table show s th e exports and im ports of
specie at the port o f N ew Y o r k for tb e w eek ending F eb. 11
and since Jan u ary 1, 1899, and fo r tb e corresponding oerioos
in 1898 and 1897.
5 F
EXPORTS AND IMPORTS OP SPECIE AT NEW YO R K .

Sold.

BxvorUi.
Week.

Great Britain..........
Franoe.......... , .........
Germany ................
West Indies.............
Mexloo......................
South Amerioa........
All other oouutrles.
Total 1899.
Total 189 ■ .
<
Total 1897.
Silver.

Mexloo.....................

South America........
All other countries.
Total 1899........
Total 1898........
Total 1897.........

Week.
$82,474
118,626

$4,000

$1,746,200
1,200

35,600
$4,000
587,235
8 ,0 0 0

$1,783.000
3,301,4-5

Export,.
Week.

Great Britain..........
France......................
Germany..................
WeBt Indies.............

Im port,.

SineeJan.X.

$998,825
7,000
9 600
4,400
$1,019,825
671,605
732,260

SineeJan.X.
$5,589,300
239,450
250
87,89 k
9,600
4,400
$5,930,898
5,520,684
4,795,934

4,044
7,617
2,913

Since J a n .I,
$2,026,615
lt-5,054
534,106
29,186
46,370
43,817
5,708

$215,674
711,974
31,143

$2,870,856
3.835,086
285,999
Im port».

Week.

SinceJan. l.

$3,933

$18,297

1,046
46,205

40,843
177,092
114,771
7,044

$51,184
18,957
29,509

|Vol. LXVIII.

C H R O N IO L F ,

$358,052
356,106
295,558

O f th e above im ports fo r th e w eek in 1899 $2,856 w as
A m erican gold coin and $446 A m erican silver coin. O f th e
exports d u rin g tbe sam e tim e $4,000 w as A m erican gold coin
ju d $7,000 w as A m erican silver coin.
*

1

B anks.

Capital SurpL’t

Loans.

Specie.

Leg alt

ia n k o f N ew York. $2,000, $1,879, $15,160,0 $3,180,0 $1,250,0
d anhattan Co.......... 2.050.. 2,132,
2.115.0
17.927.0 5.922.0
erohanta’ ___
2.000, C 1,074,
15,721.6 4,203,7
1.251.4
2,042.
0
984.0
13.165.0 2.502.0
tf eohanios’ ............... 2.000.
Am erica...................
24.622.8 5.108.9
1.500.0 2,674,
2.130.4
?h enix....... ..............
4.765.0
246.0
1,000,0
897.0
309.0
1,000,0 4,281,1 79.902.9 30,184,4
1.950.2
i t y ...........................
300.0 6.411.0 20.283,4 8.768.1
Ihem ioal..................
1.718.0
6.128.5 1.408.6
600.0
399.1
176,7
Merohanta’ E x ch ’ ge
8.444.5 1.170.0
Gallatin...................... 1,000.0 1.664.1
627.0
123.0
300.0
butchers’ TVrov'rs’
149,4
324,3
987,1
1.737.0
159,6
254.0
400,(
Mechanics’ * Trad’ s’
200.0
936,7
164.4
GkeeuwlUi.................
200.0
320, i
105.2
498.5
998 4
4.537.0
600,0
.eather M anulac'rs
433.7
109.6
520.7
2.087.8
Seventh. ...................
300.0
123.3
4.557.6
4H6.9
Rate of N ew Y ork ., 1.200.0
288,6
654.7
2.493.7 27.442.0 3.207.0
0
im en oa n Exchange 5.000.
3.916.0
3.679.5 28.660.3 3.108.3
’omraeroe ..........
5.000.
0
3.523.0
1.660.5
232.4
8.029.2 1.736.7
0
B roa d w a y................ 1.000.
004.7
V e rcan tile................ 1,000,0 1,053,3 14.105.7 3.404.1
!
695.2
472.3
3.056.5
413.0
Pacifio ......................
422,7
816,9 19.983.0 0,075.6
R ep ublic................... 1.500.0
720.8
990.6
Chatham...............
918.7
0.565.8
450.0
848.1
263.7
770.4
410.7
1.780.9
People’ s ............. . . . .
200.0
555.8 14.048.2 3.722.4
North A m erica.........
975.5
700.0
H a n o v e r ................. 1,000,0 2.290.8 39.499.9 11,683,7
2.209.3
377.4
Irving.................... .
673.6
516 4
3.971.0
500.0
382.2
376.8
2.907.6
114.7
600.0
Jltisena*....................
VRflH
ftll
257.5
347.8
36 L2
,
2.600.0
500.0
988.4
6.507.3 1.556.0
624.1
Market A F u lto n ...
900.0
154.8
339.4
753.3
3,754,8
Shoe A Leather....... 1,000,0
924.0
Corn E xch an ge....... 1,000,0 1.307.5 10.001.7 1,848,3
6.671.1 1.740.0
608.7
423 9
juntlnem ai—
1,000,0
290.0
1.990.0
408.6
Driental .........
350.0
300.0
920.0
Cmporters’ A Trad’ rs 1.500.0 5.707.2 27.195.0 6.677.0
3.118.0
Park ........ . . . .
2,000,0 3.242.3 48.905.0 21,069,0
200.0
146.6
131.5
1.334.5
250.0
£aat R iver___
Fourth. .................... 3.200.0 2.046.3 20.293.4 4.894.0
2.720.1
496.5 13.135.0 3.960.0
Central....................... 1,000,0
1.0 74, t
651.0
0,887,0 1.279.0
711.6
300.0
Second..................
890.7
282.2
265.5
2.961.3
N inth.........................
750.0
1.405.3
500.0 7.497.4 36.709.3 7.162.0
First ..........................
342.3
214,2
1.683.7
53,8
300.0
N. Y. Nat’ l E xoh’ g e.
702.0
618.2
2.722.0
474.0
250.0
Bowen'.......................
733.2
300.6
3.001.3
436.3
New York C ou n ty..
200.0
514.8
3.222.2
283.5
289.1
Stennan A m erican ..
750.0
4.829.5
Ohara.......................... 1,000,0 1.139.6 31.013.5 7.750.0
8.560.6 2.002.9
Fifth A venue............
000,9
100.0 1.170.2
238.0
2.010.5
571.8
1.042.0
200,0
Berman E xch an ge..
3.228.2
585.0
Germania........
739.0
019.0
200,C
82.4 446.8
8.355.5 2.4
754.0
300,(
L incoln......................
5.691.7 1.448.4
554.9
871.8
Barfield......................
200,(
417.1
2.005.7
324.6
Fifth............................
190.9
200,0
5.742.0 1.382.8
605.0
843.7
300,C
Bank o f the M etrop.
2.471.01
288,0
364.1
200,0
West Side............ .
414.0
407.2 11.677.0 2.954.0
S eab oa rd ........... .
1.322.0
500.0
Sixth—Consolidated with As tor Nati onal,
1.660.1
854.9 33.357.5 8.599.0
iVestem ..................
2.100.1
4.048.0
1,149,0
912.0
964.7
300.0
First Nat. B’ k ly n ...
448.1
Nat. Union B a n k ... 1,200,0 1.014.2 15.996.1 4.471,6
4.364.0 1.025.1
358,8
348.6
500.0
L ib erty......................
109.2
834.4
321.9 4.011.2
N. Y. Prod. E xch ’ge. 1,000,1
3.600.2
326.4
408,7
488,1
250,(
Ik .o f N. Amsterdam

Total

Deposit*
$15,000.0
23,044-0
19,820.3
13.495.0
29.099.2
4 836.0
112,458.0
30,114-6
7,184.7
7.095.3
1.271.0
1.857.0
1.023.5
4.880.6
2.542.4
3.899.5
23 647,0
24.200.3
7.980.7
15.329.7
3.765.3
24.251.2
8.778.0
2.885.6
17.816.2
51.431.3
4.247.0
2.829.0
3.214.6
7.397.3
4.278.4
11.350.0
8,445,9
2.074.0
27.819.0
69.485.0
1.384.5
29,323,2
17.595.0
7.823.0
3.540.0
37.638,9
1.738.4
3.719.0
3.941.8
3.196.8
41.376.8

10.035.0
3.344.7
4.890.1
10.055.8
7.203.1
2,247.3
7.104.5
2.731.0
15.085.0
39.950.4
5.453.0
18,092,7
5.347.8
3.017.9
3.833.8

. . . . 58,072,7 75,407,9 760,043,3 1985013 f 59,025,3 888,059,1

R e p o rts of N on-M em ber B a n k s.— T he fo llo w in g is th e
tatem ent o f condition o f the non-m em ber banks fo r th e
week ending F eb. 11, based on averages o f the d a ily results
W p omit two ciphers (0 0 ) in all cases.
D eposit, w ith

LtS 1 .
Invest­ Specie. db B 'k Clear ’0 Other

Loans &

BANKS.
(00s omitted.)
Ne w Y o r k C i t y .
Astor P la ce............
Oolonial..
olm nbia
Eleventh W a rd ....
Fourteenth Street.
Franklin National.
la n e e v o o r t............
3 am ii ton.......
a id e A Leath. Nat.
Borne.
Hudson R iv e r.......
Mount M orris.......
Mutual....................
Nineteenth W ard .
Plaaa................
Riverside..........
State..................
Twelfth W ard.
Twenty-third W ’d.
Union Square.
f o r k v l ll e .......
Astor N at’ l B an k..
Br o o k l y n .
Bedford..... ........
Broadway..........
Brooklyn............
Eighth W a rd ...
Fifth A v e n u e ...
Fulton

Bings County........
Mannfaot’rs’ Nat’l
Mechanics.............
Mech’s’ A Tradr’s’
Nassau National..
National City........
North Side........... .
People’s.................
Queens Co. (L.I.O.)
Sohermerhorn......
Seventeenth Ward
Sprague National. .
Twenty-sixth W’d.
Union......... . ........
Wallabout..............
Ot h e r C i t i e s .

1st Nat., Jer. City.
Hud. Co. Nat," J. C.
Id Nat., Jer. City..
8d Nat., Jer. City..
1st Nat., Hoboken.
Id Nat., Hoboken.
Bank of Staten Isl.
1st Nat.,Staten Isl.

C api­
tal.

Sur­
plus.

m ents.

*
$
250.0 374.8 2.703.4
100.0

00,1

300.0 184.6
100.0 119.1
51.5
100,0
0,7
200,0
15.1
200,0
93.2
200,0
500.0 160.4
100.0
83.3
200,0 196.8
250.0 90.5

200.0
100,0
100,0
100,0
100,0
200,0
100,0
200,0
100,0

300.0

111,0

25.3

114.7
103.1

93.0
115.5
48.5
298.5
128.5
12.0

150.0 113.9
100.0 118.9
300.0 167.6
35.5
100.0
53.0
100,0
200,0 100.8
160,0 56.0
202,0 435.8
500.0 4ul,9
100.0 192.0
300.0 575.6
300.0 568.8
100.0 119,5
100,0 108.0
100,0 128.8
55.3
100,0
68,9
100,0
200,0 218,1
54.4
100,0
50.4
100,0
36,7
100,0

8H4.7
1.933.0
1.109.0
749.0
407 .0
043.2
1.263.6
2.008.7
498.2
1.298.0
1.477.6
847.4
662.7
1.007.5
703.1
1.800.0
1.129.4
826,0
2.100.5
1.207.8
3.383.0

1.022.5
1,318,2
1.031.5
250.8
529.5
851.7
036.2
2.244.5
2.416.8
883.2
3.790.0
2.275.0

738.1
706.0

1.751.7
421 .2
455.0
987.7
344.0
265.8
491.8

N et

De­

Notes. Agent. Bks.dcc posits.
$

34.4
77,9
108,0
59.3
97.3
5
39.8

86,0

200 ,9
51.8
90.0
108,1
80.3
108,8
76.5
62.6
29.0
106,7
98.2
256.3
87.5
240.0
77.8
126.4
40.0

$

170.8
128,0
333.1
264.4
50.0

11,2

151.2
224.9
38,5
174.0
142.3
149.0
128,7
308.6
129.0
04.0
137.3
40.3
620.7
176.7
118.0

402,0
55.2
33 6
81.2
19.1
32.8

155.9
202.5
238 .8
71.1
60.4
268.9
94,7
449 .2
150.9
148.6
050.0
350.0
82,9
83,0
324.2
243.4
67.2

17.1
37.6

30.2
80.4

22.8
24.7
47.3
27.1
236.4
145.5
49.1

220.0

$

18?,0 324,6 2.930.3

10,0 200.0
22,0 123.4

1.025.7

300,0 2,208.0
70,2
00,7
18,4
151,7
167,1
75,0
181,0
79.4

100,7
117,5

1.497,6
1.055.0
2 27 .0
5 93 ,8
1.415.8
1.751.0
550,4
1.352.0
1.871.5
9 40 .7
894.8
1.827.5
8 02 .3
2.105.0
1.501.9
1.069.5
2.804.3
1.465.0
3.950.0

100,0 1,210.8
1.507.8

07,3 1.182.8
50,0
292.4
25.5
509.5

923.8
029 .2
2,701,9
2.524.0
46,9
985.5
44.0 4.214.0
205,0 3.005.0
698 .0
43.0
861 .0
91.0 2.1 0 7 .0
540.3
25,2
412,1
13.0
9 30 .0
1.8
413.9
50,7
229.0
127,4
620.4

400.0 728.5 3.958.0 153.9 222,9 427.7 794.0 5.026.5
250.0 522,8 2.229.1 112,8 71,0 182,2 269.6 2.207.0
01.4 434.1
70.1
260.0 382,7 1,604,4
1.500.5
200,0 190.5
00.2 124.2 408,5 1.238.1
38.5
874 ,7
110,0 427,4 1,458,8 100,2
21,9 163.2 321,2 1,657,9
37.5
125.0 88,0
725,3
73,1 377.7 1,082,0
45.1
25,0 45,9 432.5
89,0
17,7
17,4
7
605,2
70,6 015.5
100.0
21,2 124,1
20,8
619,4

..
Totals Feb.ill... Q,012,0 &,6q4,q 64,842,4 3,88o,q 4*3446 9,350,7 4,903,7 7 4 3 1 3 ,3
,
Totals Feb. 4. Q012,0 8,8q4 ,q 64,452,0 3,480,8 4*572*8 9*358,9 4,789,8 7j
73,842,2
T o ta ls Jan . 2 8 . .. o,0/2.0 8,604.0 64580.1 3 *
832.2 4,608,0 $ 482* X 3 8 13 73,41 r *8
24

T H E

F e b r u a r y 18, 1899,]

C H R O N IC L E
■ ;""
■

N e w Y o r k C it y , B o s t o n a n d P h i l a d e l p h i a B a n k s .— B e lo w
w e fu r n is h a s u m m a r y o f th e w e e k ly r e t u r n s o f t h e C l e a r i n g H o u s e B a n k s o f N e w Y o r k C it y , B o s t o n a n d P h ila d e lp h ia .
T h e N e w Y o r k fig u r e s d o n o t in c lu d e r e s u lt s f o r t h e n o n
m em b er ban ks.
<ipt£a t <
%

7 v v

Jan. 31..

• 33..
*
Feb 4"

1L.

$
133.480.3
133.480.3
133.480.3
133.480.3

Jan. 23„
F *b.

4.,

**

11..

P h i l * .'

D ep osits .♦ (Hre’ Vn. OUarint

iviafM.

h tteis.

Lepais.

t
720.351,8
720.372.2
741.528.6
750.043.3

f
1870731
1934849
1973078
IP85013

•
50,889,1
81.150.5
80.250.5
59,025.3

BASTES. Su rplus .

35.388.0 125.928.0
35.388.0 127.584.0
F& - 1UI 35.388.0 128.393.0

15.439,3
14.700.0
14.001.0
14,533,8

t
14092458
14944299
13234312
11334860

7.745.0 238.568.0
7.873.0 245.590.0
7.584.0 238.226.0

88.587.3 i9 l,04 9 ,o! 19.311,0
88.587.3 195.271.0 19,087.0
68.587.3 190.095.0 19,259.0

4.887.0 137.388.0
4.902.0 158.012.0
4.961.0 130.190,4

154.090.0
157.397.0
155.741.0

6.074.0 107,128 0
8.077.0 100,420,3
8.047.0 08,013,5

51,300.0
53,005,0
51,04 LO

Jan 2 8 .

S
349.074.1
861.037.5
880.022.5
833.059.1

N a.t i o x .vl, B a n k s . — T h e f o l l o w i n g in f o r m a t i o n
n a tio n a l b a n k s is f r o m th e T r e a s u r y D e p a r tm e n t .

r e g a r d in g

NATIONAL BASKS ORGANIZED.
5 .1 7 6 — T h e N a tio n a l B an k o f C om m erce o f H a ttie s b u r g , M is siss ip p i
C a p ita l, $ 5 0 ,0 0 0 . J . P . C arter, P r e s id e n t; F. W . F o o te , C ash
ler. C e rtifica te Issued F eb ru a ry 7 ,1 8 9 9 .

F o n e ia x T r a d e o f N e w Y o r k — M o n t h l y Sta t e m e n t — In
a d d it io n t o th e o t h e r t a b le s g iv e n in t h is d e p a r t m e n t, m a d e
u p f r o m w e e k ly r e tu rn s , w e g iv e t h e f o l l o w i n g fig u r e s f o r
t h e fu ll m o n t h s , a ls o is s u e d b y o u r N e w Y o r k C n s t o m H o u s e .
T h e first s t a t e m e n t c o v e r s t h e t o t a l im p o r t s a n d e x p o r t s o f
m e r c h a n d is e a n d t h e C u s t o m s r e c e ip t s f o r t h e s e v e n m o n t h s
o f t h e la s t t w o se a s o n s.

MOXTK.

MBftCHAX DISC MOVXMXXT AT N*W YOSJL Customs Ricsifts
AT Nsw V o s s
E
xport*.

Im ort*.
p

iare-to.

1897-08.

t
32,914,5*1
34,227.08 5
Amn*»t......
*1419.330
O
ctober .... 31,88*4.124
Htr mO . 34,m*01
oo bT
D v »m 6 « . 34.2C«,0$U
J*oa*TT---TrtUL.

1897-98

1898-09.

*
31,002,051
30.494.353
80.701,747
41.203,935
M.IU3* 40,400.001
*L(*lv*30 43.570.190
8A033.01* 88.UV.094
1
S3.ia0.978
*0v
541.*3O
28,(34.4(3
3L02M13

U1.040.901'232.819.001

1897-08.
$
3
9.900,204 12.399,574
10^00.449 5,102,72*
11,012,141 5.000,54*
10.18&897 0,799,C90
0.981,309 0929,147
ll.S85.KW 7.879,352
l*.ftlT»* 10,404,000

*
*1,142.800

91M

.17,427.370
34.492,010
3*^140,749
*9.535.051
30,918^58

7d,153.2>>i 54,034,439

189.911

m on th s ha ve been as fo llo w s :
• <lt.v*a-?!«w V o a « .

Gul.ii M i i r u u n AT BMW TUBE.
Mo t t s .

Irftporfd.

Im ort*.
p

B x p o r ts .

Export#.

j 1893-99 j iw -o y .

1888-09.
l u l l . ............
A na an t.......
0«ipt<9ni b«r.,
O otoboe. . ..
N o v 4 m b «r..
lUU U UT..
T o t * ] . ..

w r-o n .

1896-99.

•
1,764,927
t.993,450
12,456,248
9,010.015
001,041
*,769,(77
tAMt.tSU

•
*30J91B
1,0 ■'■4,36(
383,450
8JW9.0O0
364.512
*90.047
3.104,080

8
0M 8S
535.122
2,0784-lV
1,011.030
HtO«QO0
1,195,071
1.404,074

*
^
4,551.13. |
790,070
84.1*6!
118,082
*20,951
152,300
*.002,183

I
904,509
1,10M23
049.O7S
l .*97.199

83 H!-3.3v"

15^00,973

7,010.037

8,525.402

M ? 2.4*18 31.V3l.0ft0

1897-08

ftfl3.463

1.439.7 40
*.154.322
-

«
.
4.607,386

(.687.363
6408.404
8.936.20ft
6,019.906

4.643,993

B r e a d « tt iir « P lc u r e a B r o u g h t F r o m
P a c e 341*— The
s t a t e m e n ta b e l o w a r e p r e p a r e d b y u s f r o m t h e fig u r e s c o l ­
le c t e d b y t b e M ew Y o r k P r o d u o e E x c h a n g e . T h e r e c e ip t s at
W e s te r n la k e a n d r iv e r p o r t s fo r t h e w e e k e n d i n g F e b , 11, a n d
s in c e A u g , 1. f o r e a c h o f t h e la st t h r e e v e a r s . h a v e b e e r :
B oesiptt at—

Flour.

W heat.

C om .

Oats.

l io r i .,.

V*

Bbls.190 lb*! B iu h .m lb* Bush.tM bt : Ihuh.im h t ButhAHlb* Du. 601 b>
CbieRtfO.,,,..
99.93*'
46.750
62t,934
3^801,0*4
1.7*4v874
310^00

MIlwftukM..
Duluth . . . . . .
MlnnuApolU.

30.730,

Detroit
C l«r«l»h d ...
•t. Louis . ..
P sorta ..........
Kaocjui City.

1,400

T e t-w fo o .
iu m e wk/96.
ft Ama wk.*97.
Bines 4u<>. 1.
1898-99..........
1897-08.......
1390-97..........

2.33ft!

wk&io

9.060
2«.98:i
*47,224
118.438

190.360
15,36*

28,000
17,844

*1.006
201,071
461.445
594.350
183,000

*12,000
145,821
816,140
eo.tsi
19,980
1*3,108
WO.IOO
130.300
*0,000

9,17*

*7 «A0
4,977

18.730
*4,750

5,60
800

8,KM, 1.01
4,900.070
4,606,54-9

3.069.907
2,0^1 ,*96
4,177.202

680.S75
547.*10
1,173.921

130,379
1274J35
107,002

109.400
597,408,
1.1W. 450
196.570
30,980
81,317
113,008
5,860
**1,000

irr.060
509,45*!
413.310

3V215.315
*A9»A80O
1.7fS^l*

9,104.027 199,4«6*S83 131.430,090 99.896,033 29,43*3,502 7,758,905
0.156.510 103.445,975
113^27,360 80,991,4*10 7,811.727
7.096,940 118.171,200 95.717,044 100,093,011 *9 014,819 5 407,69l>

T h e r e c e i p t s o f flo u r a n d g r a in a t t h e s e a b o a r d p o r t s f o r t h e
w e e k e n d e d F e b . 11, 1899, f o l l o w :
B t t t i r u «t—

Wow York.
Boston,.. . . . . . . . . .
Momr**! . . . ....
Philadelphia —
B*%iT.lmor«........ .
Richmond . . . . . .

N«w Otfea&a*...
Charleston .. .,
p w p ort Nowi.

f ortolk. . ..........
9 lt f « t o a . . . . . .

9 lour,
bbls.

W
oeot,
tru .
th

Corn,

nan

415,990

461,744

101.483

674.366

4?r3|0

116.071
a.J5K
-0
68,48*

868.400
84.176

49,603

IS 3,788

19,884
6 «>
Y

30 O
9 .W

ttt.OOO

'46*000

*,721

3.036

16468
6.750

4
*
11**536
68.000

061,428

$09,290
52.0W

O lt.
a
tru .
th
*82,000

14.649

14*881

X
t.iU

tru .
th

*.946

tilj

4.791

ooo

6.020

R ye.
bu th .

130,500
80,*jO

84.708

181.1*0

m .oO o * ' 60.000

1

.

6.9O0
121.0s
0

*£m b <
9
8*2
7A«38

Jfl total week,,
Week lnfi*?......

440.680 *.9*9,046 8,214.941
804,77.4
860.843 1,209,17* 8,861.039 l.77*^J9

13.184

8 13

............ ..... .................----------------

.

. ■n
—

-------

JSL

T o t a l r e c e ip t s a t p o r t s f r o m Oan. 1 t o F e b . 11 c o m p a r e
f o llo w s f o r f o u r y e a r s :

as

Floor..................... bblf . 2.926.785

1898.
2,319,929

1897.
1,775.68

W heat..................... bosh . 18.757,227
C o r n .......................
M 2l.527S.592
O ats........................... "
8,926.863
Barley.......................
"
781,380
R y e ......................
»•
1.555.640

8^120,224
23,138.731
13.1S0.5S3
876.989
1,861,447

2,294,755
23,075,664
5,599,74S
902,491
008.889

1,740.003
10,319,989
4,236,648

49,301,703

T7077.S74

3S.081.347

17.007.687

1S99.

Receipt* o f —

Total g ra in ....

1896.

1,909,456

688,830

71,961

T h e e x p o rts fr o m th e se v e ra l se a b o a rd p o r ts fo r th e w e e k
e n d in g F e b . 1 1 ,1 8 9 9 , 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 :
W heat,
Srrw>*tt fr o m — hash.

Corn
buth.

Oats.

-Rye,

bush.

F lour,
bbls.

511,632
369.687

bush.

114,212
1,000

■ ■
Portland. Me. ■113,535■ 103,971
Philadelphia*. 336.000 4*4.827
B a ltim ore....... 240.000 1.119,083
New O rleans,. 343.240 190,800
0.750 274,947
N o rfo lk ............
Newo'rt News 45,000 121,000
G alveston.. .. 080,000 161,325
53.000
Charleston....
St.John, N. B- ’ 85.915
M obile...........
50,001
13.183

168.064
67,929
24,968
40.493
9.,072
7.805
3,036
130,000
11,328
500
7,468
7,838

*"'*875

T otal w e e k .,2,787,043 3,422.514
Sam e tim e >98.1.494,017 3.301,726

551.536

355,824

825,416 1.181.7*3

New Y ork......

821,2*0

Boston........... 258,367

121.663
49,781

67,493

P eat,
buth.

3,402
8*7

82,143

P a rley
bush.

1,809

11,705

102,857

50,000

92

8,440
202,493
290,410

12,845

64.364

13,574
138,329

T h e d e s tin a t io n o f th 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 ep tem b er 1, 1898, is as b e l o w .
-IF heat.--------.
k

E xp orts f o r
W eek
week and tin e* Feb. 11.
Sept. 1 t o —
bbls.
0 tilted K in gd om 361,294
C o n tin e n t.............
»e.*35
3. A C. A m e r ic a .
23,867
W est In d ies.
39.400
B r.N . A m . C o lo ’ s
2,100
O ther co u n trie s .. 27,580
Taal
. ......
650,536 9,012,043
T o t a l i s e s . ........... 345.410
7.103,145

Since Sept.

2.787,043
1,494.017

— ------- Corn.----------- W eek
Since Sent.
Feb. 11.
1, 1898.

79,104,609 3.422,614 79,390.623
07,622.000 3,301,720 8L492.440

T h e v is ib le s u p p ly o f g r a in , c o m p r is in g
th e
stock s
in
g r a n a r y a t th e p r in c ip a l p o in ts o f a c c u m u la t io n a t la k e a n d
s e a b o a r d p o r t s , F e b . 11 , 1 8 9 9 , w a s a s f o l l o w s :
C om
R ye.
B a rley
W h ea t
Oaf*
busK
bush.
huth.
bu th .
l a s to r e a t —
b u th .
880.000
830,000
1,797.000
New Y o r k ....... .
4,387.000
103,000
14H O
.O O
i i.ooo
Do
a flo a t...........
113,000
20.000
35,(xio
20.000
A lb a n y — ....................
—
27,000
160,000
8O8.0C0
74.000
Buffalo........................... 2,0*8,000
Do
a floa t...........
o 40.000
800,000
463.00793.000
7 h lc a «0 ..................
4,034.000
9.026.00m 1,477,000
2,526,000
77,000
Do
a f lo a t ..,.........................
2.000
88.000
6,000
M ilw aukee....................
*4,000
H 7.000
U
258,000
187,000
Do
a flo a t...........
81,000
8,8*5.000
1.062,O M
O
213,000
868.000
Duluth .......................... 5,9*0.000
Do
a flo a t............
208,000
9*9^000
59,000
s^ooo
Toledo
487,000
Do
a flo a t.. . . . . .
. ....
47V.O O
O
3.1X0
lb.boo
' 60,000
D etroit.................
308,000
Do
a flo a t............................ .
80,000
liv.ooo
O sw ego......... ...................................
3t L o o n ....................... 1,199.000
1.3:13,000
206.000
s.ooo
8,000
Do
a f l o a t . . .. .. .
34,000
........
28.000
118,000
41.000
O lootnnaU ,...................
. ..
814 000
227,000
B o s t o n .......... . . . ...........
669.000
28.000
107,000
T o r o n t o ....... ................
10,000
a.ob'1
«,000
M o n tre a l............
iw o o c
10,000
S06.WV
P h iladelphia................
6*0,000
68 000
100,000
08,000
790,000
2,000
103,000
P e o r i a . .. .. . ......... .
v.ooo
32,000
(o d la n a p o lis ..............
I 29,000
283.000
1.000
Kansas C ity ............
1,0*9.000
*04,000
85,000
14.000
2.W7.000
B altim ore....................
8*2.000
261,000
11P.000
66,000
M la n eep oiu ..............0,b6o,OOO
3,712.000
2,108,000
01,000
On MUmluiippt H ire r.
............
On L a k e * ... . . . . . . . . . . .
-------- On canal and r tre r ................. .
T otal
T o ta l
T otal
T otal
Total

Feb
Feb.
Feb.
Feb.
F eb

*0,574.000
W>,2tt8,000
33,572,000
2*.3 ■'4,000
11 900.000

t l . 1899 30.101,000
*, 1890 28,984,0<X
*
12. 1*98 36.03 1 ,00 0
1 8 , 1807 40.0*8,000
15. 1*00.OS 927,000

7.160,000
7,0 'M O
.uO
14.013.000
18, *94.000
fl.950.000

1.5S7.000
1,607.000
3.948.000
8. PM ,000
l.653.non

2,022,000
3.211,000
2,008,0C0
3,38 i.000
2,295.000

A u c t i o n M a les.— A m o n g o c n e r s e c u r it ie s tn e f o l l o w i n g , n o t
r e g u la r ly d e a lt in a t th e B o a r d , w e r e r e c e n t ly s o ld a t a u c t io n
B y M essrs. A d r ia n H . M a ile r & S o n :
S h a res.

60
40
25
10
5
0
4
10
5
100
100
10

S h a r e* .

B r’ k ly u W o r e h .A 8 to. C o .1 16
N at. Cltizona* B a n k .........134
L in co ln N at B a n k ........... 7 6 0
F ifth A v e n u e B a n k ___ 3 0 8 0
M*nk o f C om m ore e .2 10
M arch. E x . N at. B a n k . . . 123**
N at. B ank o f C on a m erce.2 1 5
Im p . <fc T ra d e r* ' Nat- B k .5 1 8 1
*
V . 8. T ru st C o ...................1501
N. J. S te a m b o a t C o ........ 50*4
I r v in g N at. B ank ........... 1 6 J
A m er. E x o h . N at B a n k . 174

5 G o r m a n -A m e rica n R e a l
E sta te T itle G u ar. C o .. 2S*s
1 0 0 C hath am X a t. B a n k ........3 0 1
40 T lt le G u . .V -T ru .tO o 3 2 1 -3 2 6
100 F irmers* I, & T r .1 3 9 6 -1 1 0 1
7 0 H a n o v e r F ire Ins. C o ___ 1 8 0
1 0 0 P e t e r C o o p e r F ir e ln s .C o .1 2 8
188 P hta n lx N at. B a n k ......... 9 2
141 H o lla n d T ru st C o ............. 5 0
B ond*.

$ 6 ,0 0 0 D u l. & Sup. B rid g e Oo.
1st, 5 s, 1 9 0 0 -1 9 2 6 , F .& A .. 45

B y M essrs. R

V . H a r n e tt & C o .:
B on d *.
I
$ 2 2 ,0 0 0 N ew O rlea n s W a te r
2 5 .M utual B a n k ........................ 1 15
C o. b o n d s, 1 90 9 , A. & O . - . l l l
2 3 S . V, R eal Eat. A ss o e la ’ n. 08
25 H a t, B a n k o f O o m m e r o e ..208*3 $ 1 0 ,0 0 0 N e w O rlea n s C ity <fc
B ak e ru t, Co. b o n d s, 1943,
J A J ........................................ 112
B ond*.
$ 7 ,3 0 0 N ew O rlea n s B re w in g
$ 1 5 ,0 0 0 A m e r B r e w in g Oo.
A asoo. b o n d s, 1 9 0 5 ..............5 4
l e t s , 1 91 5 , J , & J ....... ..........107
S h a res.

ganhtug anti fin an cial.______
Spencer Trask & Co.,
BANKERS,
27 A 29 P IN K S T R E E T ,

.

.

.

NEW

YO RK .

6 5 S ta te S tr e e t , A l b a n y .
____________ I N V E S T M E N T
S E C U R I T I E S - _____________

97 4.947

Portland. M o,..,
M ob ile,.. . . ........
3*. John, W. B

86.916

B a rley,

7

G boboe B a u c l a r Mo f f a t ,

M o f f a t

1*701

*8.268
68.514

251,498
192 171

•rt-netpts do not, inulul? *f*in pasting throftfth Hew Orleans Tof fo re st*
' 1 >a threaarli bills o f iod fm r

A l e x a n d e r M. W

&

h it e ,

Jx

W hite,

BAN KE RS
N o. 1 NASSAU S T R E E T ,
IN V E S T M E N T

.

.

.

NEW YO RK

S E C U R IT IE S -

T H E

314

^ B a n k e rs '

P er
O en i.

R a i l r o a d * (S t e a m .)
C an ad ia n P a oiflo, c o m ..................
do
do
p r e f ...................
D ela w a re & H ud . C an al (quar.)
D e l. Gr. R aptde & W estern , p r e f.
G ran d T ru n k, 1 st p r e f ..................
M e x io a n N orth ern (q u a r.)...........
N o rth P e n n sy lv a n ia (q u a r .)----S tre e t R a ilw a y * .
D e la w a re Co. & P nila. E le c tr io ..
T h ird A v e . R R ., N. Y . ( q u a r .)....
M is c e lla n e o u s .
A m e rica n C oal...................................
do
d o (e x t r a )...................
N a tio n a l B is cu it, p ref. (q u a r .)...
N ation a l L ead, p ref. (q u a r .).......
P itts b u r g P la te G lass, c o m .........
do
do
p ref. (an.)
St. J o se p h , M o. (G a s )....................
S treet R y . & 111. P ro p e rtie s .........
W e lsb a ch C o m m e rcia l, p r e f ------

W h en
P a y a b le

B o o k s c lo s e d .
( D a y s i n c l u s i v e .)

1 }

1%
3

A p ril
1 M ch. 11 t o A p r. 5
M ch. 15 F eb . 24 to M cb. 15
M a rch 1 F eb . 2 0 to F eb . 25

i
2

M arch 2 Feb. 19 t o M ar. 2
Feb. 25 Feb. 16 to F e b . 19

4

F eb .
F eb .

1%

United States Bonds.— Sales o f G overn m en t bonds a t the
Board include $18,000 4s, coup*, 1025, a t 128% to 128%; $11,000 4s, reg., 1925, a t 128; $ ll,lu 0 4s, coup., 1907. a t 112% to
113% ; $119,000 3s, coup., a t 106% to 107%, and $2,000 3s. reg.,
a t 107 to 107%. For yearly range see seventh p a g e fo l ­
lowing.
In terest
P er io d s .

t o -----------6 -----28 Feb. 19 to F eb . 28

4

t M a rch 1 F eb . ’ 8
Feb. 28 Feb. 2 1
M ch. 15 Feb. 2 4
1%
1 ------------t
12 ( F eb .
1*4 M ch. 2 0 M cb . 1
F eb . 18 -----------$2'
M ch . 10 M ch. 1
1

to M ar.

L xvm .

The fo llo w in g w ere th e ra tes o f d om estic e x ch a n g e on
New Y o r k a t th e un der-m entioned citie s to-day: S avan n ah ,,
buyin g 1-16 discount, sellin g 25c. per $1,000 prem ium ; C h arles­
ton b u y in g par, sellin g % prem ium ; N ew O rleans, b an k ,
$1 00 prem ium ; com m ercial, 25c. prem ium ; C h icago , par:
St. L ou is, 10c, per $1,000 prem ium .

(ia ^ je lte .

Ill f I D E M D 8 ,
N a m e o f C om p a n y

[V o l.

C H R O N IC L E .

1

to F eb . 28
to M ch 15
o --------------to M cb. 2 0
t o -----------to M ch. 10

* D is tr ib u tio n fr o m sa le o f assets.

F eb.

F eb.

F eb .

F eb .

F eb.

13.

F eb.

11.

1 4.

15.

16

17.

* 99
107
107

3 s, 1 9 1 8 , s m a ll., c ’ p.
4 8 , 1 9 0 7 ............. reg.
4 s, 1 9 0 7 ........... co u p .
4 s, 1 92 5 ............reg.
4 s, 1 9 2 5 ........... cou p.
5 s, 1 9 0 4 ............. rev .
5 s, 1 9 0 4 ........... cou p.
i s , (C h e r.)1 8 9 9 .re g .

%
Q

Q .- F e b .
Q .-J a n .
Q .-J a n .
Q .-F e b .
Q .-F e b .
Q .-F e b .
Q .-F e b .
M a rch .

*6

c

* 99
* 99
* 99
107% *107
*107
107
106% 107

‘ ioekj

2 s ,......................... rev . Q. -M c b .
3s, 1 9 1 8 ............. rev. Cj. - F e b .
3 s, 1 9 1 8 ........... cou p. Q . - F e b .

106i.2
'1 1 2 k
"1 1 2 %
*128
•128%
*111%
•11134
*103

*112k
113
128
* 1 2 8 i«
'I l l ’s
*111%
*103

*106%
*1 1 2 k
113%
128
128%
" I ll’s
" I ll’s
‘ 103

"1061*
*112%
*112%
*127%
*1 27 %
*1 11 %

*in % *103

W A L L "STREET. F R I D A Y , F E B . 1 7 , 1 S 9 9 .- 5 P. M.

T he Money M a rk e t and F in a n c ia l S itu a tio n .— F o llo w in g
the triple holiday, the Stock Exchange opened on Tuesday
w ith a large proportion o f its members unable to reach W a ll
Street on account of the storm , and consequently the volum e
of business was v e ry muoh restricted. The conditions w ere
som ew hat more favorable on W ednesday, but the m ails were
ve ry m uch delayed, and transactions w ere still on a lim ited
scale, so that not un til T hursday did business assume a nor­
m al condition.
Beginning on T hursday and continuing
to day the m arkets developed a degree o f strength w hich
has been lackin g since th e Jan u ary advance cu lm in ­
ated about three weeks ago. T his m ovem ent carried B ur­
lington & Q uincy, N orthern P acific, M etropolitan Street
R a ilw a y and other less im portant stocks above th eir highest
Jan n ary records, and was a surprise to those who expected
th a t the late reaction would m ake fu rth e r progress. There
is a class of investors w ho apparently believe that, in view
o f the internal and international trade conditions, some d iv i­
dend-paying ra ilw a y securities are a good investm ent a t cur­
rent prices, and are b u y in g them . On the other hand, foreign
holders and others who see a liberal profit in these prices are
encouraged to let them go T here is no evidence at the m o­
m ent of any im portant change in the general situation. The
foreign exchange m arket has been firm this w eek, but the
international trade statem ent for Jan uary ju s t given out
points to a liberal future supply of bills, The m oney m arket
has continued steady and rates are p ra ctically unchanged.
The open m arket rates fo r call loans on the Stock E xchange
during th e w eek on stock and bond collaterals have ranged
from 2% to 3 per cent. To day’s rates on ca ll were 2% to 2%
per cent. Prim e com m ercial paper quoted 3 to 4 per cent.
T he Bank of England w eekly statem ent on Thursday
showed an increase in bullion of £598,246, and the percentage
of reserve to liabilities w as 46’40, against 45-80 last w eek; the
discount rate rem ains unchanged at 3 per cent. The Bank
of France shows an increase of 1,) 50,000 francs in gold and
375,000 francs in silver.
T he N ew Y o r k C ity Clearing-H ouse banks in th eir sta te ­
ment of F eb. 11 showed an increase in the reserve held of
$68,300 and a surplus o ver the required reserve of $35,511,825, a gain st $37,452,675 th e previous w eek.
1 899
F eb. 11.

C a p ita l............... ..
S u r p lu s .................
L oans & d is c’ nts.
C lro u la tlou ...........
N et d e p o s its .........
S p e c ie ....................
L ega l te n d e rs ___
R e serv e h e ld ........
L e g a l r e s e r v e ___
S urp lu s reserv e

D if fe r e n ' s fr 'm
P rev . w eek .

1898

1897.

F eb . 11.

F eb. 13

In o.
6 8 ,3 0 0
In o. 2 ,0 0 9 ,1 5 0

$
5 9.0 2 2 .7 0 0
7 4 ,2 7 1 ,2 0 0
6 3 9 ,8 3 6 ,4 0 0
1 3.914.700
7 3 8 ,6 8 3 ,8 0 0
1 1 4 ,9 6 7 ,7 0 0
1 0 2 ,1 1 0 ,3 0 0
2 1 7 ,1 0 8 ,0 0 0
1 8 4 ,6 7 0 ,9 5 0

$
5 9,7 7 2 ,7 0 0
7 4,8 88 ,1 0 0
5 0 0 ,36 7 ,7 0 0
16.7 26 .5 0 0
5 6 8 ,0 7 5 ,1 0 0
8 0.1 9 2 .5 0 0
1 1 3 ,1 6 4 ,5 0 0
1 9 3 ,6 5 7 ,0 0 0
1 4 2 ,01 8 ,7 7 5

3 5 ,5 1 1 ,3 2 5 D eo. 1 ,9 4 0 ,8 5 0

3 2 ,4 3 7 ,0 5 0

5 1 ,6 38 ,2 2 5

$
5 8 ,0 7 2 ,7 0 0
7 5,4 07 ,9 0 0
7 5 0 .0 4 3 .3 0 0
14,5 33 ,6 0 0
8 8 8 ,0 5 9 ,1 0 0
1 98 .50 1 .3 0 0
5 9 ,0 2 5 ,3 0 0
2 5 7 ,5 2 6 ,6 0 0
2 2 2 ,0 1 4 ,7 7 5

8
I n c. 8 ,5 1 6 ,7 0 0
D eo
63,0 00
In c. 8 ,0 3 6 ,6 0 0
Ino. 1 ,2 9 3 ,5 0 0
D eo.1 ,2 2 5 ,2 0 0

*ThIs is th e tH e b id a t t h e m o r n in g b o a r d ; n o s a l e w a s m a d e .
’io

Coins.—F o llow in g are the cu rren t quotations in gold
coma and bullion:
S o v e re ig n s ... . . . . . $ 4 85
88
N a p o le o n s ............. 3 8 4 ^ 3 87
X X R e ich m a rk s. 4 7 3
4 76
25 P e s e ta s ............. 4 78
4 81
S pan . D o u b lo o n s .1 5 5 0 G>15 6 0
M ex . D o u b lo o n s .1 5 5 0 ® 1 5 6 0
F in e g o ld b a r s ... p a r 'f t k p re m .

for

F in e S liv e r b a r e .. — 5 9 % ® — 6 0
F iv e fr a n o s ........... — 9 3 -a — 9 6
M e x io a n d o l la r s .. — 4 7 % ® — 4 8 -2
P e ru v ia n s o ls ___ — 42^8® — 43*a
E n g lis h s il v e r .. .
4 8 2 ® 4 86
U. S. t r a d e d o lla r s — 5 5 ® — 7 0

State and Railroad Bonds.—N o sales o f State bonds have
been reported a t the Board this w eek. T he m ark et for r a ilw a y
bonds has been steady to firm on a volum e o f business w h ich
m ay be called good under th e circum stances w h ich existed.
T he sales on T h u rsd ay am ounted to about 5% m illions, par
value, and w ere n early up to the highest record o f la s t w eek.
C entral o f G eo rgia consol. 5s w ere a prom inent featu re, and
on sales a g g re g a tin g a la rge am ount advanced 2 % points.
A fe w issues w ere n otably stron g, in clu d in g St. Lonis S o u th ­
w estern, K ansas C ity P itts b u rg & G u lf 1st 5s, W isconsin
C en tral tru st receip ts and Standard Rope & T w in e bonds.
Several other issues advanced a point or less, in clu d in g
A tch iso n adjustm en t 4s, Chesapeake & Ohio gen eral 4% s,
E rie, N orthern P acific, R ead in g and Oregon Short L in e.
Stock and Bond Sales.—T he fo llo w in g show s the vo lu m e
of business in stocks and bonds on the N e w Y o rk S to ck
Exchange fo r the past w eek and sines J an u a ry 1.
S a le s
.— W e e k e n d i n g F eb . 1 7.—. ,----------J a n . 1 to F eb . 1 7 .--------N . Y . S to c k E xcK .
1 89 9 .
1 89 8 .
1 89 9 .
1 89 8 .

Govem m entbonds
State bonds...........
R R .& m lso. bonds.

§156,100
17,107,500

§57,000
76,000
21,053,100

§5,441,160
442,600
199,680,900

§1,087,800
215,000
165,526,710

T o t a l............... §17,663,600
§21,186,100 §203,573,660 §166,829,510
Stocks—NO. shares
2,786,188
2,112,117
33,472,414
15,128,577
Par v a lu e ....§267,977,850
*207,453.350 *3,338,128,000 *1,482,157,475
Bankshares.par val
.......................................
§34,350
*30,100

W e add the fo llo w in g daily record of th e transactions:
W eek e n d i n g
.------------Si o c k s ------- — \ .R a ilr o a d , die.
F eb. 17, 1899. S h a r e s .
P a r v a lu e .
B on d s.

Saturday..........
M onday...............
Tuesday............... . $379,873
W ednesday......... . rtl8,2<l 2
Thursday........... . . 842,720
Friday....... .......... . 945,853

$35,831,300
60,851,950
81,510,800
89,783,800

T otal................2,788.198 #207,977,850

S ta te
B on d s.

.$2,849,500
3,524,500
5,759,000
5,274,500

X . S.
T
B on ds

$18,500
3,500
102,100
32,000

#17,407,500

#156,100

T he sales on the Boston and Ph iladelph ia E xchanges w ere :
. ------— — B o s to n .
L is ted
sh a res.

Saturday.................
M on day..................
Tuesday... 54,809
W edn’sd’ y. 71,937
Thursday.. 83,154
Friday . . . . 60,000
T o t a l....269.400

U n lis te d
sh a res.

B ond
s a les .

L is ted
sh ares.

P h i l a d e l p h i a . ----------*
U n lis te d
B ond
sh a res.
s a le s .

L incoln’s Birthday H oliday ...............
8,553
10,247
23,048
37,000

23,000
99,000
133,800
210,000

21,995
22,312
20,333
41,002

40,014
55.652
70,516
61,979

42,000
120.440
115,000
181,837

78,843

$465,800

111,642

228,101

$459,877

fia ilr o a d and M iscella n eo n s S to ck s .— T he stock m arket
F o re ig n E x ch a n g e.— T he m arket for foreign exchange has has increased in a ctiv ity and stren gth as the w eek progressed.
been steadily firm on the lim ited supply of com m ercial bills T ransactions, w h ich on T uesd ay, the opening day, w ere
incident to th e in terrupted m ail service and a fa ir in quiry only about 375,000 shares, increased to n early 850,000 on
from rem itters. R ates have fra ctio n a lly advanced.
T hursday, and the advance in prices averaged a bout 3 points.
To-day’s actu al rates o f exchange w ere as follo w s : B ankers’ Most conspicuous in this m ovem ent w as B u rlin g to n &
six ty days’ sterling, 4 84@4 84 % ; demand, 4 86@4 86%; Q uincy, w h ich made a gain of 10% points in addition to th e
cables, 4 86%@4 87; prime com m ercial, six ty days, 4 83%@ dividend th a t cam e off on Thursday. M etropolitan S treet
4 83%; docum entary commer ial, six ty days, 4 82%@4 83%; R a ilw a y made an exceptional advance o f 9 points. The
grain for paym ent, 4 83%@4 c3 % ; cotton for paym ent, 4 82% gran ger and anthracite coal stocks w ere stro n g features o f
@4 83; cotton fo r acceptance. 4 83% 04 83%.
the m arket. G re a t N orthern preferred lost a part o f its re­
Posted rates o f leadin g bankers fo llo w :
cent advance, and some of th e in tern ation al.y-listed shares
were barely steady on lib eral sales for foreign account.
F eb . 17.
S ix ty d a y s.
D em a n d .
W ith a few .excep tion s the m iscellaneons lis t follo w ed the
general trend o f the m arket. O f the exceptions N ew Y o r k
P rim e b a n k ers’ sterlin g b ills o n L on d on . 4 84%>®4 85
4 8 6 1 ® 4 87
s
A ir Brake w as prom inent in a gain of 9% points and A m eri­
P rim e co m m e rcia l.................
4 8 3 1 ® 4 83%
e
can T obacco w as n otab ly w eak u n til “to-day, wt»on it ad­
D o c u m e n ta r y c o m m e rcia l......................
4 8 2 % ® 4 83ia
P a ris b a n k e rs ’ (fra n cs ).
vanced over 6 points and closes w ith a net gain o f over a
5 2 0 ss ®191S ih 5 1 8 i«a > f7 7 i6
A m s te rd a m (gu ild ers) b a n k e r s ... .
40® 401w
4 0 'e ® 4 O S ,.
point. A m erican Sugar, A m erican Steel & W ire, F ed eral
F r a n k fo r t o r B rem en (relch in arks) b ’ kers
9 4 U ,6® 9 4 % 9 5 % ® 9 5 S I8
Steel and U n ited States R u bber w ere active and strong.

F

eb.

rH E

18, 1899.]

C H R O N I C L E — S T O C K P K IC E S (2 pages) F a g s 1.

315

New York Stock Exchange— A Daily, Weekly and Yearly Record,
Range f o r year 1899.
Range for previ­
8a
o f the On basis o f loosh’re lots ous y ea rf 1898A
Week.
N. Y . 8T O C K E X C H . Shares
Lowest.
Highest. Lowest. Highest,

8T00S3—HIGHEST J.YO ',0WB8T 84.LB PRICES.
Saturday, Monday,
Feb. 11.
Feb. 13.

Tuesday,
Feb. 14.
*800
18

Wednesday Thursday,
Feb 15.
Feb. 16.
•200

200

STOCKS.

Friday,
Feb. 17.

....

•800 .........
•15
16
• 3 7 * 39

R a ilr o a d S to ck s .
...... A lbany A Susquehanna..

1183 Jan 180 Feb
15 Feb
4 0*F eb
22H 23H 22* 22* 22* 24*
19*D ec
81 *
83
6 2 * 83
52^ D ec
70* 70*
•60
71
♦70
72*
70
70
7 2 * Dec
50* 66*
57
57
50* 56*
50* 56*
58*D ec
78
78
77X 7 7 *
78
78
7 7 * 78
7ft*D eo
9*D ec
100* ....
S105 Mar 1 06 *O ct
•28
30
•2 9
30
24*S ep 2 8S A ug
9 1 * 93
92* 93*
93
94*
9 2 * 93*
3 9 6 * Jan 14 35 Mar 7 S * D e c
*34 . . . .
•32 . . . . . . •32 . . .
....
12 35 Feu 4 25 Mar 34 Sep
•7 8
....
•70* ....
•78 .......... * 7 0
...
3 78 Jan 14 62 May 7 6 * Sep
....
17 110 Jan 31 185 Mar 189 D ec
'100 ....... • 1 0 0 . . .
9 0 * 90 *
8 8 * 89
B99g 0 I
90 90 ‘4 Feb 15 72 Apr 9 0 * J a n
6 9 * 00*
60
00*
5 9 * 00 1 5 0 * 6 7 *
60
0O ȣ
5 70 Jan 23 4 4 * Mar 58 Dee
104 105
104*105
1 0 3 * 104
3 106 * Jan 24 8 3 *O ct 99 Dec
1 0 3 * 105
5 3 * 55
5 i* 53*
51
51*
5 55 Feb 17 11 Apr 4 4 * D e c
5t
53
2 8 * 29 j 2 8 * 2 9 *
10,*37 24*Jan 5 S i* F e b 2 17*M ar 2 0 * Dec
9V
2 9 * Chesapeake A Ohio.........
29
2 9 *
501 108 Jan 14 174 Feb 9 515{> Mar 179 D ec
•171 173 *170* 173
1 7 1 * 1 7 1 * Chicago A A lto n ..,,,.,....
170
170
•109 ..........
Do
pref
1103 Jan 3 S199 Feb 10 S186 Mar S177*D*0
....
•199 .........1 1 9 8 * 1 9 8 * • 1 9 9
1 3 7 * 1 4 1 * 1 3 8 * 1 4 1 * 3:137*14 4* 142
1 4 8 * Chicago BnrL A Quincy... 487,425 124* Jan 7 1 48 *F eb 17 85*M ar 1 25 *D ec
67* 67*
07
07H Chicago A East. Illinois..
67* 67*
2,873 59* Jan 4 03*Jan 31 49 Apr 66 J’ne
6 7 * 6 7 *
350 llSMJan 3 1 1 8 * Feb 17 103 Jan l !3 * F e b
117* i!7 *
Do
pref
11 8 * U S *
30,555 15 Jan 80 2 0 * Jan 93
16
16*
16
10*
9 *F eb IS A ug
1 5 * 18*
1 6 * 1 0 * Chicago Great Western..
9 3 * 93
927* 92* 90
1,30C 83*Jan 3 9 3 * F o b 15 71 * J ’ly 85 Dec
Do 4 p.c. debentures.
.. 93*
93*
6 3 * 66
60* 68* 0S
fiCftu 50* Jan 5 69 Feb 17 28 Mar 54 Dec
65
07*
09
Do 5p.c. pref. “ A**..
3,700 2v*Jan 18 3 5 * Jan 20 20 Apr 32 N or
34
35
34
34*
33
34*
Do 4 p.c. pref. “ B **..
84
85
1,540
10
1 0 * Chic. Indiana?. A Loalsv,
7*Jan 0 1 1H Fee 14
10
1C*
li* n *
7 Feb 11 J’ly
•H * 4 3 *
43* 44*
4 3 * 45*
Do
pref 12,134 81 Jan 4 45 Feb 17 23 Apr 3 9 * J ’ ly
43* 44*
12s
1 3 0 * Chicago Milw. A St. Paul,. 123.075 l80*Jiin 3 1 30 * Feb 17 88* A p r 1201* Dec
125* 12** 126*137
1 2 6 * 128
Do
•pref.
l , '0 5 106*Jan 3 169* Feb 10 140 Apr l0 0 * D e c
1 1 6 9 * 1 0 9 * 189 169
1 6 9 * 1 6 9 * 1 6 9 * 109*
1 4 9 * 1 4 9 * 1 4 9 * 1 4 9 * 1 4 9 * 1 5 0 * 150*15l * Chicago A North Western.
7,199 141*Jan 4 152*Jan 23 119*M ar 1 4 8 * D e c
too 188 Jim 10 192 Fob 0 103 Jan 1 9 1 * N o r
*190
195 *191
195
191* 19 L*
* 1 9 1 * 195
Do
pref.
116*118*1 1 1 7 *1 1 0 * 117*119
2 2 * Jan 27 80 Mar 1 14 *D ec
118* 12 it* Chicago Rock IsL A Pac.. 53,695 113 Jau
92
93
9 3 * 93
9 3 * V I•*
4 1no 9 1 Feu 8 1 00 * Jan 20 65 Mar 94 Dec
■
9 4 * Cblc. at- P. Minn. A Om...
70 170 Jan 10 173 Jan 21 1148 Jan 170 Not
4 1 7 2 * 173 *171
"
170
....,* 1 7 0
174
Do
pref
Chle. Terminal Transfer.. 2,070
U
11 I 10* ]f>*
4 * Jan
?*Jan 7 12 * Jan 31
9 *M a r
137* 3 7 * : 3 8 * 8 8 * •30
387 30* Jan 3 40 Jan 10 2 2 * Jan 3 7 * A u g
Do
pref
39
*37
39
15,721 42* Jan 4 62 Fob 2 25 Mar 4 7 * A u g
58* 00*
5 9 * 80
59* 61*
6 0 * 0 1 * Cler. Ctiu Chic. A St. L—
350 95 Jan 4 10 2 * Jan 20 7 7 * Mar 97 Deo
98
98
>90 98
o n * 9 9 * •98* too
Do
pref
tut 11*F eb 1 1 6 * Jan 20 1 1 * Mar 1 9 * Jan
•12* 12*
12 1 9 *
• II* 12* H I *
1 2 * Cler. Lorain A Wheeling.
•35
4 3 * *37 4 3 *
Do
pref
•37
43
*38
43*
41 Jan 20 4 4 * Jan 5 43 Not 5 8 * 8 e p
180 ..........M 8® . . . . . . *180
•I7~
Clereiand A Ptttsb., guar
170 J’ ne 1174 A ug
7 Feb 6 9 Jan 9
7
5 * J ’ne
7
7 * Colorado Mid., rot. tr. Ctfa.
. . . » ................ *7
7*
9 Dec
Do pref- rot. tr. ctfs
................ .
*19* 9 0 *
3 0 * H » * 21
19* Jan
2 2 * Jan 0 14 J’ne 2 0 * D o c
3oi.t
•7
7*^
*7
7*
7*
7 * Col- A Sou. (when issued)
•7
7*
8* Nov 8 * D e c
f * K oo 0
8 * Jan 6
Do
1st pref. (w. u ).
• 5 3 * 54
454 0 4 *
•53* 5*
35 49*Jon 8 57*J a n
0 4 8*N ov 5 0 * Dec
• 5 3 * 54
Do
2d pref. iw. L)
•20
92
“20 22
•SO
93
18*Jan
•20
22
2 4 * Jan 6 1 4 * Not 20 Deo
j’.VuO 2* Jan
3
3*'
•9*
3*
2 * Not
•2*
3 * Col. H.V.A Tol.J.P.M.otf *
a
3
4 Jan
8 * Feb
50'
Do pref. J. P. M. ctf♦8*
6*
*7*
0*
1 2 * Dec 25 Feb
7kJim 97 15 Jan
8*
»H •8* 8*.
2,293 lO0*Jon
1 1 8 * 113*1 n elsw sre A Hudson
118*115
1 1 3 * 1 1 3 * 113*114
11 7 * Jan 24 98 Not 1 14 *F eb
2,324 157 Jan
160 100 U eh Lack. A Western..
100
1 0 0 * 100 161
103 Jan 23 140 Oct 15® Feb
160
101
9,980 18*Jim
2 2 * 24*! Denver A Rio Grande. ..
10 Apr 2 1 *D eo
<............... . .. i 29
92*
22* 22*
2 4 * Feb
4,6*0 0 8 * Jau 11 7 6 * F eb
7 3 * 7 3 * ‘ 74
74*
74* 75*
Do
pref
40 Apr 7 1 * D e c
74
74*
20
S O *: 1 9 * SO
1,53
Si Dee Moines A Ft- Dodge.
S’* Apr 2 8 * D o c
It**Jan 30 2 3 * Jan
119* 1 9* •2 0
1,000 8 * Feb I 4 * F e b 1 6
*4
4 * 1 Dni. So. Shore A AD .......
4
4*
• 4*
4*
4* 4*
2 * Aug
3 * Deo
1,400
* 10 * u
•10* 1 1 *
Do
pref
5 Apr
7 * Jun 30 1 I * Fob 16
11
11 *
S*A u g
1 4 *
14*
800 13 * Jan e 16*Jan 10
15
15
•14*
Urte..
11 Apr 1 0*F eb
l* H 1 4 *
39
a®
1st pref
39
3 9 *
12,610 d 7 * .Ia n
3 9 * 39*| I J Do
5 42 Jan 24
2 0 * Apr 4 3 * Feb
3 9 * 40
Si
21
220 1® Jan 4 42*J a n 3u 15*A p r 2 1 * Feb
*1 ~ 2 1
Do
2d pref
120* 20*
3 v * 3 9 * '.Eransr. A Terre Haute a® * 3 9 *
500 8 7 * Jan 1W 4 1 * Jan 3 22 May 4 l<*Dac
•39
39*
240 7o Jan
75
75
75 75 I
Do
pr«f
7 75 Feb 15 40 Jan 7 2 * D e c
?ltatA Fere Mart;oetie..
...... St*
17 Jan
4 26 Jan 80 10 Mar ISMNot
Do
pref
..! 43*Jau
94®*Jan
12 | 36 Aog 49 Not
*2 «
2 1 *
§92
92
•SL S3* •21 26 Ft. W. A Den. C., stats ped
0 24 h**b 7 ‘ 25 Jan 5 115 Not 28 Mar
♦Id* 18 Ft. Worth A Rio Grande..
•10* I»* HO
18
* 1 0 * 18
.1 14 Feb
l! 17 Keo 10 i 10 May 17*D eo
181
184*
184
reet Northern, pref—
M 22 J’ly 180 J’ ne
194
182 1837-4 182 182
it ;142*Jan
6;190 Fob
. . . . . . . . . . " J reen Bay A W e s te r n 180 Jan 3 2 * Feb
...... « .* !........ .......
39 * 59 *
Do debt certfs. * A ’ \
•
4 4 0 * Jan 5 61*J a n 31 4 0 * J ’ ue 5 0 * N o r
.......... .
Do debt certfs. “ B ”
......
BkJan ® 9 Jan 20 i 3 * J ’ ly
7*D ec
118 117* Illinois Central...............
110 1 1 3 * 1 1 5 * 1 1 8 * 1 1 5 * 1 1 6
6,800 114 Jan 5 122 Jan 83 I 95 Apr 1 1 5 * Dec
♦ 100
........ A Do leased Hoe, 4 p. o.
•100 .........MOO . . , . . > 1 0 0
...... Ilo o Jan 4 100 Jan 4, 194 Feb U01 N o r
13* >2*
12* IS* •12
L-46H IQ * Jan 4 13 Jan 10
7*M ar 11* D e c
1V*[ M2 19*ilowe Central.................
30* 50*
BO* 5 1 *
B09# 51*1*40
18*1
Do
pref
3^ 0 5 4 2 * Jau 3 51 * Fee 15 25 Apr 42*D eo
•9
11
*9
11
•9 11 ! *9* 1 0 * IT'aaawbaA Michigan...
5 * O ct
| 7 * J a n 18 1 3 * Jan 18
8 D ec
15
15
1 4* 15
0,904; l i * J n n 19 18 Jan 6 15 Apr 2 5 * D o o
15
10* 10* 16* ‘ Vim. City Pitt*. A Gulf..
•4*
5*
“4 *
5*
3 Jan
•4* 5*| *4*
5 * Keokuk A D«# Moines......
......
5 Jan 9
5 * J ’ne
5 * Feb 1
♦16
1 7 * •|0
1 7 * •1«
1 7 *i *16 17*!
I>o
pTef
........ 17 Jan 8 17*.Inn 20 15 May 1 8 * J ’n©
•32 ......I *32
•32 ..... . *32 ........ Keokuk A Western............
......... 82 Jan 25 32 Jan 25 30 J’ne 34 Jan
........ .................Kingston A Pembroke —
2 May
6 Jan 30
.........i 2 Jan 2e
5 Not
l®* 20* •19* 21
20 * 21 T ake Erie A Western...
12 Oct 2 3 * A u g
1,300' 15 Jau 1* 2 2 * Jan 27
08
08
07
63
6 7 * 0-<* lJ Do
pref
8,630 60 Jan 10 75 Jan 27 53 O ct 583 A ug
302* 904* *800* 201* *200* 202* Lake 8h. A Mich. South .
HO lvOHJan * 208 Jnn 24 170*Jan 215 Deo
:
:
:•
••• D
•
1*550; 5*1*Jnn
» 8 » * F c b 2 40 Jan . 5 9 * A u g
0 6 * lx*ulsT llleA N a sh n U e___ 17,880 6 3 * F eb 8 « 9 J a n 27
_
, 6 4 * 65 , 6 4 *
65*1 65
44 Apr 6 5 * D e c
11 * H 2 * 1 1 1 * 1 1 2 J 15 0 * U®
111 U 2 * ; \ f anhattAnB3or-,CQH*oH 23;030 97 "Jnn . 1 1 8 * J a n 20 90 Oct 1 2 0 * Jan
1
m i
236* 235*237
9 8 5 * 2 3 9 * 239
244 1A l etropotltan Street....... J 88,055j 18 7 * Jan 11 2 4 4 F e b 17 1 25 * Mar 194*D eo
7*
7*
7*
7*1
7
7*
*6*
7 Mexican C e n tra l...............
400
« Jan 7
4 * J 'n e
7 * Dec
7 k Jan 20
* D e o ! l* M a y
1
M*
1
H*
1*
* *..............
" *
• !*
I * Mexican Nat* l tr. r e c ts ...]
1 Jan 0
I * J a n 19
9 9 * Mar U 8 D oc
....................Michigan Central..................I .......... 112 Jnn I f 1 1 6 J a n 2 4
irt* 4 6 *
4 0 * <7 1 4 7 * 4 7 *
24 Mar, 8 8 * D e c
4 7 * 4* Minneapolis A St. L o u is...
5,u>" 35*J a u 0 18 F e b 17
9v*;
ioo
98*
08*|
Do
1st prof,;
275! 0 7 * Jan 9 9 9 J a n 10 84 May io o Dec
*31
02
*91
8 2 * 91
82
46 Mar 7 8 * D e c
Hi
82*
Do
2d pref.
750! 73*Jan
84 F eb
2
•15* 18
15* 15* *15
17
•12
15 [Minn. 8L P. A S. & Marie,
09®
6*M ar
SHJftn 24 1 6 * F e b 7
H H 1 4 * 1 4 * 14*| 1 4 * , 1 4 *
14
14 * IMo. Kansas A Texas ___ _
1,907 13 Jan 25 1 4 * . Jan 8 0 10 A p r
3 «*
3 9 * 3 H * S O *. 338 * 3 93 9 * ; 3 3 * 3 9 * ;
9*
*
Do
pref- 10.99
30RJan 21 4 0 * J a n 5 2 8 * M a r
4 * * 45* 4 4* 45*! 4 4 * 4 ?*
4 5 * 4 6 * Missouri P a d flo .... . . . . . . . 80,975 < 3 * F «b 8 4 9 * J a n 2 4 2 2 M a r
•40
42
40
40
40
40
140
40 Mobile A Ohio
590 38 Jan 8 13 F e b 1 2 4 N o t
10® 1 0 0 * 1 7 9 180*1 *179 180* 1117 9 * 179* Morris A Essex.
20 176 Jon 8 1 8 0 J a n 2 0 ll 6 7 * .T a n
. ........................................... . .................. < \ J ash. Chat. A 8L Louis.
M h.
______________
........................... i 0 0 J ’ n e
1 3 6 * 18014 137 1S 3 * 13 3 * 1 3 9 * 13 9 * 139 * > Y.jCentral A Hudson
65,50*5 121* Jan 3 1 11 J a n 9 3 1 0 5 M a r
•1 4
1 5 * f *11
1 5*
1 4 * 1 5 * N. Y. Chicago A St- Look*
14 Jan 5 1 9 * J a n 2H H H M a r
170
71
75
75 [ •«$
75
Do
1st pref
«0 73 Jau 9 7 9 J a n 2 8 73 Feb
•S3
34
34
3 5 * ! 132* 3 3 *
Do
2d pref
20) 31 Jan 5 41 J a n 2 3 28 Mar
New York A HArlem........
1300 Jan 26 S375 J a n 18 1320 Jan
N Y- Lack. A Western
12 9 * Jan 27 130 J a n 27 1120 Apr
JOfl 209 1207 217 j»i06 210 ♦SOa 30® N. Y. New IU tod A HArt
50 1199 Jan 19 2 11 F e b 2 !178*Jan
|
32 * 3 2 * j 32* 23*i 3 2 * 33 * 2 3 * 33 N- Y. Ontario A Western.. 89,897 1 8 * Jan » 2 5 J u a 2 3 1 3 * A p r
70
•70
*70
70 . . . . . . Norfolk A Southern
00 Nov
1,160 1 7 * Jan « 2 0)6 Fob 2 l l * A p r
l l * H 1 8 * ♦19
19 j *18
19*1 1 9 * 19*i Norfolk A W e s t e r n ,.,,..,,
X06
0 0 *
0 0 * 87
6 6 * 07
0 6 * 0 7*i
Do
pref.
5 ,1 8 7 0 1 * Jan
0 7 1 * Feb 2 42*M ar
-5 1 * 5 2 *;
19 Feb
5 2 * 5 5 * 5 4 * 3 5 * . 5 3 * 64*1 Nor. Pac. Rr., r o t . tr. ctfs 204,18 > 42*J a n 7 5 5*P eb lfl
1
7 9 * 7® I 7 9 *
56*M ar
80 t 7 9 * SO*! 7 9 * 79*1
Do
uref. 24,7411 7 0 * Jan
8 1 * J a n 20
18

15*
•37

16
30

•15
•37*

6H
1

10
39

- A n n A rb o r
nn t

82* 83*

•loo*:::::: roe*.:::::

•2
8
• 0 .....1
10

10
0

too

14*Jan

Do
pref
38 Jan
Atch. Topeka & 3ant« Fe. 20,130 18 Jan
Do
pref 114,423 50*Jan
1,10 60*Jan
P>ait-AO.,tr.rec-all Ins-pd
1,320 53*Jan
D Do new, when Issued
1,125 7 5 * Jan
Do pref., when issued.
43
Balt. A O. Southw., pref..
8*F eb
Bost. A: N. T. A ir L.. pref.
Brooklyn Elevat., tr. rec..
Brooklyn Rapid T ransit...
77*Jon
Buffalo Roch. A Pittsburg
31 Jan
Do
pref.
74 Jan
100 Jan
Bari. Cedar Rapids 4 N o ..
Pacific.......... ..
( Canadian o u t h e r n ........ 5,085 84*Jan
3,105 51 Jan
Canada S
Central o f New Jersey... . 15,20' 97 Jan
88,195 41 Jan
Central Pacific..

3
31
7
7
5
5
5

17* Jan
40 Jan
2 4 *Jan
05* Jan
?4*Jan
59?-£Jan
79*Jan
3
9 * Jan

14 11 Apr
14 34 Jan
23
23
20 t l2 * J a n
20 31 Oct
27 08 Oct
27
4 * Not

18&BZ

8
2

11 1 8
8 1

92* '•

10* 10*

11* 1»* U* 1
2

•®
1

8

■j

ufi 1 *
1

>
3
9
7
1
>

3
z

•90*.....
38* 38*

•4
7

1

•5
6

•5
6

• These ere bid end asked p rices; no sales on this day.

O U T S ID E

S E C U R IT IE S

A tr e e t R a i l w a y s
f Bid. Ask.
N S W YORK CITY,
j
B seek at A Fa) r —stock. 1
istm ort 7s 1900.. JA-?| 103
103
B way k th A t e~Stock. 228
U i m o t 5s 1 »O 4 ...J *D !f i 0 4 * ioV *i
3d mort 5# 1914. . . JA J'1112 115
Con 5« 1943— S** Stock Rxch 1 lit. |
B’ way Afif 1st Sega. 1924 H 10 118
Id Sslnt m rental 1905* 105 107 I
sntrai Cr ►«etomi—8tock 255 265
1f t M 0 i 191 i .......MAN;J119
Cen Pk f» A B RSt —Stock! 185
Consol 7» 190 2 ,.,. JADiflUO 113

(O rv g s

I Less than 100 sharesat

foot

of

t Ex diT and rights,

7 o o .v s g c t r r iv B

S tr e e t R a ilw a y s .
Bia. Ask.
fhrtst’ p’ r A 10th 3t-8tock j 170 * 175
Col A 9th A re bm~Se« Stock Kxrn 1st.
Dry I) K B A Bat—stork.
180
175
1st gold 5s 193 2 ... J AD 4115* l i n k
Scrip Z* 1915.........FA A f t 03
105
Eighth Avenue—S tock .. 380 400
*orip0s 1914................. 108
42d A Gr 8t Fer—-Stock... 375 3 s 0
78
43d m Man A 8t N A re
75
1st mort fls 1910. .MA3 H17
119
2d income «s 1915.JAJ
88
100
T^x A t A PftT F 5s-SSS 8t.b Kxoh 1
MelrriB<>Htan“ *6M Stock TCxeh i iK
s

t Before payment o f assmt.

p a g e s ).—

S T R E E T R A IL W A Y S ,

Bia.
18“
193
*108*
5118
215
41 1 0 *
4110*
kSxeh!
4U 5
385
1 08 *
1 tTnlon Railway—S tock.. 190
1 Union Ry 1st 5a '42-FAA 4114
S tre e t R a ilw a y s ,
Ninth A venue—S tock___
1 Second Avenue—S to ck ..
I t»t mort 6a 1 000 .. MAN
Consol. 5s. 1948. ..FA A
Sixth Avenue—stock-----Sou Bou:ev 5a 1945 JA-T
So Ker 1st 5a 1 9 1 9 ..AAO
j Third A venue—See Stock
28th A29t.b 8t* 1st5s..’ 96
Twenty-Third 8t—Stock

A .k.
io o "
109*
119

S tre e t R a ilw a y * .
Westdbest l»t 5a’ 43..JA.I
BROOKLYN.
Atlan. Are,, 1st 5& ..A& 0
Con 5b g 1 9 3 1 .......AAO
Iropi 5s e 1934.......JAJ
B. B. AW. E. 5s 1933. A iso
B rooklyn City—Stock —
Consol 5s 1941........IAJ
Bkl ynCrosstuBs 1908. J &J
Brooklyn Elevated (new

dec.

Bid.
4110

A *.
114

4105
{110
95
90
243
117
105

108
111
98

11»W
245**
U 8H
1st,
.«»*•»
110
420
SO
100
«8
Bonds ( n e w ) ... .,, ,., ,,. { 91H l i *
200
11B > BkiuHnrtslsf H i 941 AAO 104
'+SL£

C H R O N I C L E . — S T O C K P R IC E S

T H E

316

B T 0 0 K 8 —H I G H E S T A N D L O W E S T S A L E P R I C E S .
S a tu r d a y ,
F eb. 1)

M onday,
Feb. 13.

T u esd a y,
F e b . 14.

W ednesday T h u rsd a y,
F eb. 15.
F eb. 16.

F r id a y
F eb . 1 ,

(2 pages)

Page &

[VOL, liX Y iil

Range for pre­
Salts Range for year 1899.
o f the On basis o f roo-sh're lots vious year <1898;.
Week.
N. Y . S T O C K E X C H . Shares
Lowest.
Highest.
Lowest. Highest.
STOCKS.

52 Jan 23
48 Feb
^ ) r-RR.AN.Co.vot.tr.of8
6 1 * Aug
70*Jan 23
71 Jan
78 Nov
Do pref., vot. tr. otfs
48 Jan 23
Oregon Short Line..........
80 41 Feb
43 Dec
4 8 * 4 8 * p a c i f ic Coast Co.............
200 45 Jan
51 Jan 20
•48
50
4 8*8 ep
•48
49*
48* 48*
•87* 90
88 Feb
85 Jan
Do 1st p r e f............ .
91 J ’ne
•87
90
•86
90
•87
90
64 Jan
0 7 * Jan 14
♦63
67
09 Sep
•63
67
Do 2d pref............... .
♦63
05
•63
66
142 Jan 23
12 4%Jan
1 3 2 * 184
l23% D ec
1 3 3 * 135
1 8 3 * 1 8 4 * 134 186* Pennsylvania................. .
*5
6 * Peoria A Eastern...............
4 * Jan
7 Jan 10
5 *F eb
•5
6*
5
•5*
6*
88 Jan 23
6 9 * 69* Plttab. Cin. Chic. A St. L . .
3,585 84 Jan
6 8* 69*
6 7* 68*
03%Dec
6 9 * 70
81
85*
500 80 Feb 10 93 Jan 23
80* 80*
8 2 * 8 2 * *8 2*
Do
pref.
84*D ec
180 Jan 10 §182 Jan 19
178
178 .. .
Pitta. Ft. W . A Ch., g u a r..
*170*D e
•178 ......... •178
8 Jan 24
8 * Pittab. A West., p ref.........
9%Jan 9
12%Dec
♦.......
8* •........ 8*
25 Jan 24
22* 93
22* 22*
T ) eading, voting tr. c t fa .. lO,20u 2 0 * Feb
22
23%Jan
82* 22*
62
60 Jan 24
61
82" -LV 1st pref., v o t.tr ctfs. 70,985 5 1 * Jan
62*
54%Dec
61* 62*
01% 6 2 *
32*
34%Jan 23
32
33*
2d pref., voting tr ctfa.. 34,080 2 6 * Jan
32*
32
29 Jan
31* 32*
•37
100 25*Jan
•41
45
42
Rio Grande A W estern...
4 1 * 4 1 * ♦37
43*F eb 3
32 Aug
76
675 60 Jan
78 Feu 10
76
578
78
75
74
09*A ug
Do
pref
•75
77
§128*Jan 4 §130*Jan 10
•129*
•129 131 ♦ 120 .... •129
Rome Watertown A O gd..
128*D ec
5 Jan S
t. J. A G. Ial. vot. tr. eta .
0 Jan
8 * Feb
48 Jan IS 55 Jan
Do
1st pref.
83 J ’ne
....................
13* Jan 4 17*Jun fi
Do
2d pref.
2 S * J ’ ne
3,470
8%Jan 0 14%Feb 1
12*
13
12* 13
13
St. L. A S. Fr., vot. tr. c t fs .
9*N ov
12* 18
204 66 Jan 9 7 5*J a n 6
•72
74
74
73% 7 I S
•72
74
•72
Do
1st pref.
8 9 *D ec
2,950 83*J a n 5 44%Jan 31
41)4 41)4
Do
2d pref
35 No v
41%
4 1* 41*
4 1 * 42
10
1,930
10% 10* 11
0 * J a n 4 12 Jan 30
10% ti* 8t. Louis Southwestern...
7%Dec
10* 10*
80
30%
3 0 * 30*
30*
30)4 30
18 Dec
Do
pref. 18,205 17 Jan 3 31 Feb 9
4,51c 30 Jan 5 4 5 * Jan 13
44*
45*
45*
4 3)4 4 4H 44
St. Paul A Duluth.............
88*D ec
45
10C 9 8 * Jan ft 100 Jan 23
•105 .........I *105
105%105%
100 Dec
Do
pref.
4 0 * 4 1 * Southern Pacific C o.......... 52,40C 33 Jan 7 44 Jan 31
40*
37)4 36)4 38
35 Dec
3 0* 40*
liJ4 13
12% 1 3 * Southern, voting tr. ctfs.. 10,747 10*J a n 5 14 Jan 16
12* 1 3 * 13
1 0 * Dec
13).
50
50
51*
49* 50*
Do pref., vot. tr. ctfs. 26,828 40%Jan 4 51*Jan 31
43%Dec
40* 50*
11,085 17*J a n 5 2 2 * F e b 9
21* 22* 2 1 * 2 1 « 21* 21% T exas & Pacific.........
20%Dec
2144 23
•178 180
'178 180
2,718 107 Jan 11 1 89*F eb 17
180 1 8 9 *
1 8 0 * 194
hlr.1 A venue (N. Y.V
1 94*F eb
15 20 Jan 21 25 Jan 25
521
21 Toledo A Ohio Central....
25
•20
♦20
25
25 Sep
8C 35 Jan 25 35 Jan 25
49
•39
830
30
Do
pref.
*30
49
48 Oct
7,05(1 38 Jan 3 70%Feb
69
0 8 * 69% Twin City Rapid T ransit..
69*
30*D ec
08* 68*
68)4 09
35C 118 Jan 9 1 39 * Feb
138% 139
'138 139
139 139
1 07*D ec
Do
pref.
91,985 4 1 * Jan 7 50 Jan 23
4554 40)4
40* 48*
4 6 * 47
48
48*
nion Pacific R y ............
44%Dec
76)4 80
8 0 * 81% U Do
80*
80* 81*
74%Dec
...p re f. 60,070 72% Jan 6 8 4 * Jan 23
7m
12
12
2,025 12 Feb 14 l4 * J a n 6
12*
•12
12
12*
13
13% Dn.P.D. A G. tr. reo.2d pd.
13%Nov
•7)4
2,000
7%Jau 5
abash .
8*
8*
8*
8%Jan 24
9%Aug
8*
8*
8)4
21)t 22)4
0,132 2 1 * Feb 14 24%Jan 20
22* 23
23% 2 3 *
23
Do
pref.
24*A ug
. r
102%Jan
W est Chicago Street.........
1,895
12
12
11*
5% Jan 3 13 Jan 80
12
11)4 l i i i
12% Wheel. AL.B.,4th asa’t pd
6 * Dec
1,135 27 Jan 24 37 Jan 30
•32), 33)4 ♦32* ss%
3 2 * 34*
32* 33*
Do
pref. 4th do
3 0 * Dec
•59
01
1U0 5 8 * Jan 27 04 Jan 30
62
•59* 61
♦59
61
02
Do Istp fd . (whenias.)
300
2*
2% Jan 3
•2% 3 Wiscon. Cent., vot. tr.ctfs.
2%Feb 10
%Jan
3% Jan
2X
2%
i T I I s c e l l a ii ’ » S t o c k s .
♦109 110
570 §109 Jan 3 § l l l * F e b I 7 *97*A pr 8180 Feb
110 1 1 0 * 111 §111* A dams Express...............
36
30
85* 38*
36
36*
1 5 * Mar 3 9 * A u g
3 0 * 3 '%
merlcan Cotton O H .... 21,435 3 4%Jan 9 38 Jan 31
91
1,520 88*J a n 5 93 Feb 10 60 Mar 90%Aug
92
92*
91* 92*
91)4 » l * 9 1 *
Do
pref.
*
43
150 33 Jan 3 40 Jan
'......... 43
43
43 American District T e l . . . .
*......... 43
22 May 3 8*D ec
a
•140 144
141 142
165 13* Jan 2 ' §145 Jan
-140 143 ♦140 143 American Express.............
§110 Jan 5153 Nov
o
SUM 30)4 8 0 * 31
5,310 2 9 * Jan 18 S 7*Jan 24 24 J ’ly 38 Aug
31
S 3*
3 2 * 3?% American H alting............
t*
4,004 82 Jan 10 87%Jan 20 7 0 * r i y 88 Dec
82* 82*
8 2 * 83
8 2 * 84
62)4 83
Do
pref.
as
1 8 * 14
3,482 1 2 * Feb 9 15 Jan
18)4 13)4
18% 10% American 8plrits M fg. . . . .
6 *Jan 15%J’ne
1 3* 13*
cc
•35)4 37
36
37*
870 35 Feb 8 40 Jan
3 7 * 3 7 * ♦36* 3 7 *
Do
pref.
16 Mar 4 1 * A u g
H
H
48% 49)4 4 8 * 4 9 *
48* 48*
48% 49% Amar. Steel & W ire (new) 89,379 45 Feb 8 5 0 * Feb
ft
9 3* 94*
94)4 95)4
21,600 9 2 * Feb 8 97 Feb
9 3 * 94*
93* 94*
Do
pref.
Sc
1 3 0 % 1 9 2 * 130* 132
131 138% 1 3 2 * 1 3 4 * American Sugar Refining. 70,257 123*Jan 4 137%Jan 30 10 7 * Mar 140%Aug
U
H
'112
113 113
456 110 Jan 10 114 Jan 30 103 Mar 110 Jan
1 1 3 * 1 1 3 * 113 113
D
Do
pref
8
8101* 1 0 1 * 1 0 1 * 1 0 1 * 1 0 0 * 100* 100 101* American Teleg. A Cable..
370 §98 Jan 4 §103 Jan 28 888 Mar 5 9 8 * D e c
ft
10)4 40%
►
<
39* 40*
3 7 * 39
4,910 37%Feb 17 4 4 * F e b 2
37% 3 8 * American Tin P la t e .........
►
95
1)5)4 §947^ 95
880 93 Feb 17 9 9 * F e b 8
93
93
' ......... 94
Do
pref.
*5
O
1 3 5 * 1 3 b * 187 1 38 * 134 1 37 * I 8 2 * ;i4 0
American T ob a cco........ .. 108,730 13 2 * Feb 17 14 9 * Jan
8 3 * Jan 15 3 * Sep
ft
1132)4 132)4 1 33 * 133* 135 135 § LS3* 133*
285 132 Jan 4 140 Jan 14 112*M ar l3 5 * A u g
Do
pref.
tt
r
97
99
*97)4 98)4
♦98
9 8 * ' 98
10 95 Jan 0 100*Jan 31 78 Mar 101 Sep
98*
Do
dividend scrip.
c
ft
7
7%
6*
7
11,855
0 Jan 10
ay State Gas.,
9*D ec
6*
7
6% 0%
£
ft
2%Mar
8 *Ja n
148)4 148)4 1 4 0 * 149* 149 149 §148* 148* E r»
045 139 Jan S 151 Feb
rooklyn " ‘
Union Gas.......
100 Mar 1 40*D ec
5
1 5 * 1 5 * ♦15
10
*15)4 16)4
1 5 * 1 5 * Brunsw. Dock A C. Impvt.
485 1 3 * Jan 11 17*J a n 31
14 J ’ne
7 * O ct
►
31)4 S2X, 3 2 * 33
33* 34*
32% 3 3 *
4,710 3 0 * F e b 8 3 7 * Jan '
17 Mar 32%Dec
iolorado Fuel & Iro n ... .
♦
<
•90
95
♦90
95
•90
95
♦90
95 C Do
88 Jan 0 100 Jan
2
pref.
75 Aug 90 Dec
o
*0
6)4
7
7
6*
6*
200
•6*
7 * Col. & Hock. Coal A I ro n ..
0 * F e b 15
9*D ec
55
Jan 4
4 * J’ly
2 0 0 * 20;% 205 2 0 8 * 2 0 5 * 2 0 7 * 2 0 5 * 2 0 0 * Consolidated Gas (N. Y .)..
8,098 189 Jan 12 2 1 0 * Feb 0 164 Oct 2 0 5 * J ’ne
47
47
46* 46*
47
47
*40
47 Consolidated Ice.................
517 4 4 * Jan 17 50*J a n 31 27*M ar 52 Sep
•y l
9 4 * •91
94)4 ♦91
94*
95
95
100 9 1 * Jan 13 95 Feb 0 8 3 * A p r 94 Dec
Do
pref.
196 107
196 197
196*197
1 9 7 * 197* Edison Elect. 111. (N. Y .) ..
1,821 190 Jan 4 199 Jan 20 119 Apr 195 Dec
47 H 40
4 8 * 49
4 8* 51*
50% 52% T^ederal Steel (whenlss.) 74,115 40%Feb 8 55%Jan 16 29 Oct 52 Dec
85), 66)4 8 6 * 8 0 *
80% 88%
8 7 * 8 8 * A Do
45,080 82% Jan 7 8 9 * Jan 30 6 9*O ct 8 5 * D e c I
pref.
do
111 112)4 1 1 1 * 1 12 * 1 1 1 * 112* 112 112* General E lectric. . . . . . . . . .
8,609 95%Jau. 3 112%Jan 27 70 8ep 9 7 Dec
6S)4 69
69
6 9 * *&9* 7 1
09
6 9 * Glucose Sugar R efining...
2,230 0 8 * F e b 14 74*J a n 26 66%Dec 7 2 * D e c
•100 108)4 107 107
106 109 1104 104
293 107 Feb 15 110 Jan 14 1 07*D ec 109%Dec I
Do
pref.
• 10 7*108
1 0 7 * 1 0 7 * 108 108
872 97 Jan 3 109%Feb 1 8 8 7 * J ’ne 96%Dec
1 0 7 * 1 0 7 * H. B. Claflin C o...................
59
59)4 59
60
59% 02
01
02 i nternational Paper.......
7,200 59 Feb 8 8 8 * J a n 23 48 Sep 07 Dec
89
80
89
89
88
3 9* 90*
90
2,275 88 Feb 16 9 5 Jan 5 85 Sep 95 Dec
Do
pref.
32
33
8 2 * 34
33% 34
33% — International Silver......... 12,024 8 0 * F e b 2 3 5% Feb 4
56)4 68)4 60
61
0U* 61
01
I P Knickerbocker Ice (Chic.) 1,952 53 Jan 10 01 Feb 15 5 4 * D e c 57 Dec
8 1 * 83
82
84
83
84
914 7 4 * Jan 25 84 Feb 17 81 Dec 8 2 * D e c
Do
pref.
*52
54
♦53* 5 4 * ♦58
54
54
♦53
52 Jan 4 57*Jan 9 37*M ar 54%Aug
aclede Gas (St. Louis).
*90
100
197
97
♦95 100
♦95 100 L Do
14 90 Jan 20 99 Jan 18 85 Mar 9 6 * Aug
pref.
5o)4 51)4
53* 54*
5 2* 53*
5 1 * 53 R a t io n a l Biscuit,
9,950 49 Feb 8 02 Jan 21 30%Aug 5 2 * D e c
• 10 4*106
1 0 6 * 106* 1 0 6 * 107
1 0 6 * 100*
797 104 Jan 11 107*Jan 19 94%Aug 100 Dec
pref.
37)4 37)4 x 3 6 * 37
36
36*
36
30% National Lead........
3,030 3 5 * Feb 6 4 0 * Jan 20 26*M ar 39%Aug
1113 113 |
'1 1 3 * 114* 1 14 * 114*
265 l l l * J a n 13 115 Jan 21 99 Apr 114*D ec
Do
pref.
7 * Jan 31
Nat. Linseed Oil, tr. certfs
9%Dec
8*D ec
8 * J a n 12
♦7
♦7
8*
am
♦7
8*
0 Feb |
5 Jan 12
*7
8)4 National Starch..................
3 * Nov
8 * Feb 9
♦60
76 1*......... 70
......... 70
76
Do
1st pref.
60 Mar 80 Jan
*17
23
♦17
25
20
20
♦17
25
200 20 Feb 10 23 Feb 9 1 2 * Oct 30 Jan
Do
2d pref.
•38
43
•38
43
•38
43
•88
43 NewCent.Coal (new stock)
40 Jan 3 42 Jan 25 40 Oct 43 Sep
141
■
42)4 143 152
150 152
147)4 151)4 N. Y. Air Brake..................
4,435 112 Jan 3 102 Jan 10 14 Apr 120 Sep
8% 8* ’ 8% 8%
8«
»)4
2,910
0%Jan 0
7*D ec
8)4
894 North American C o...........
4 * Jan
9 Jan 24
•7* . . . .
•7)4 . . . . Ontario Silver....................
6*D ec
7 Feb 3
3 * Jan
7 Feb 3
5 1 * 52
5 1 * 52
5 1 * 52
51)4 52
aclflo Mall....................... 11,975 4 3*J a n 4 55 Jan 30 21 Apr
0 Dec
112* 112* 112% 113% 113 114)4 P eopTsGas-L.AC.(Chio.) 26,200 L
09% Jan 3 118^Jan 26 86*M ar 112 Nov
5101* 1 6 l* '| 1 5 9 * 1 59 * 161 161), Pullman’s Palace Car........
891 L
50 Jan 30 *6 4% Jan 4 x l 32 Nov 210 J’ly
3
*1*
3
*2
3
>
2
3
uicksilver Mining.........
3 Dec
2 * Jan 20
l% Sep
3 Jan 2
10
*6
10
•6
10
♦6
10 Q Do
9 * J a n 30 11 Jan 9
pref.
5 J’ne l l * D e c
21* 22
*21« 22
2194
21)4 9194 tandard Distil.ADistrib.
850 21 Jan 3 2 5*J a n 10 1 9*D ec 23%Nov.
70
77
75% 75%
76
76
75
73)4 S Do
1,010 7 3 * Jan 3 8 2 * Jan 10 0 0*N ov 75 Nov!
pref.
10
10*
10* 11% 1U4 111
5,419
11)4 H)4 Standard Rope A Twine ..
8 * Jan 3 12 Jan 10
8 * Jan 10%Aug
41
42*
41* 42*
42)4 43]
4294 4394 rP enn. Coal Iron & RR .. . 18,390 36 Jan 14 48*J a u 27 17 Mar 38*D ecj
A Do
pref.
.11 Jan 4 85 Jan 30 880 Aug 105 Dec
13% 14
*13)4 14)4 *13)4 1 4 « ♦18)4
400 12 Jan 13 1 5 * Jan 17
Texas Pacific Land Trust..
5 May 1 2*D ec]
•54* 50
S5494 D5
55
55
555)4 Si*
458 5 3 * Jan 5 00 Jan 12 38 Apr 3 5 8 * D e c
nited States Express ..
7
7*
7)4
7
nited States Leather ..
8%May
0,075
TH
6% Jan 0
5*A pr
8 Jan 23
719$ 7 2 *
71% 71%
71)4 7194
7194 72
9,300 71 Jan 6 75 Jan 20 53*M ar 7 5 * D e c
Do
pref.
51
53*
S3
54)4
53)4 54
6294 E39j
1 1 6 * 110% 118M 117)4 117 117)4 117)4 117)4 United States Rubber....... 31,299 42% Jail 5 54%Feb 15 14*M ar 4 8 * A u g
2,182 .11 Jan 3 : 20 Jan 9 00 Mar 11 3*D ec
Do
pref.
125 127
124 1127
125 127
125 127
155 125 Jan 10 1 2 9 * Jan 16 l l l2 * M y 813 1 *D ec
ells, Fargo & Co .'
9 4 * 95
86)4 95)4
94)4 95
estem " '
Union Teleg’ h.
96)4 95)4 W e
8,794 98*Jan 3 98*J a n 24 82*M ar 95%Aug
• Bid and asked prloea ; no sales on this day. I Leas than 100 shares, t Ex dlv. o f 100 p. o. In bonds. | Old stock.
|
♦48
•78

00
76

♦47
♦78

50
76

•47
•73

50
78

•47
•73

S

U

O U T S ID E

S E C U R IT IE S

Street R ailw ays.
IB’kyn WnaCo.ASttb.lat5s.
Consol 5s not gnar........
B tlyn Rap.Tran.—See 8to
•C il.Cem.Gr.&B’kynlHt 0a
C juey Island A Brooklyn.
1st 5a 1904............. J&J
5scertfs lndbtl910.JAJ
B’ kCLANew 5s ’ 39.JAJ
■O .St»ANew lBt5s’O0AAO
<J p’ t A Lorlmer 8t. 1st 0s.
K ngs Co. El e vat.—Stock
In co m e s ........................
Bonds —See 8t.ook Kxoh.

Bid.
§110
84
ck Ex.
111)4
103
101
§114
104
108
4
8
List.

(G

iv e n

at

foot

Ask. 1
Htreet R ailw ays.
112
Nassau Elec p re f.......... .
5s 1944................... AAO
List
1st 4s 1948............... J&J
112)4 New W mb’gAFl latex. 4 *a
275
NYAQus Co 5s 1940.AAO
105 | 8teln way 1st0sl 928. J&J
103
OTHER CITIES.
1 1 7 i Balt Consol—Stock—See
100
Bridgep T r-ls t5 s ’23.JAJ
Buffalo Street R y—Stock.
0
1st consol 5s 1931.FAA
Deb 0s 1032 ........ MAN
.........1 Chicago City RR—Stork..

of

7

Bid.
70
104
90
103

Ask.

113

110

100
106

Balt L 1st
§104*
9 ‘ H 94
§1 17
110
205 298

c o n s e c u t iv e

p a g e s ).— S T R E E T

Street R a ilw a ys.
Citizens.’ St (Ind’nap)-See
Cleveland City R y .......
Clevel C ab-1st 5s ’ 09. JAJ
Cleveland Electric R y ....
Con 5s 1913..........MAS
Columbus (Ohio)—8tock.
Con 5s 1932—See Phi la
Crosst’wn—1st 5s-See P
Consol Tract’n (N J )—See
Lake St (Chic)Elev-Stock
deb 5s 1928.......... J&J
Louisv St Ry—5 p c bonds
Common..........................

Bid.
Phila
98
§103
90
§108
04
List.
hila L
Phila
13
§ 84
§117
42

Ask.
list.
100
100
95
100
00
ist.
list.
85
119
44

R A I L W A Y S ,

d sc

Bid.
S tre e t R a ilw a y s .
Loulsv St Ry—Preferred. 104
1 y n n A B o s-lst5 s’ 24.JAD §111
4
Metrop W est Side (Chic)
1st 5s 1942........... FAA
68)4
Mlnneap 8 tR y -5 s ’ 19.JAJ §100
New Orl Tr— 1st ins!, pd.
2)4
Preferred—1st lust. pd.
8
Not,es 6s 1 9 0 4 ....M&N
North Chicago—Stock.. . 210
1st 5s 1900-10.......J&J §105
14
No Shore Tr (Boat)-Com.
83
P referred........................
Z Buyer pays accrued I lnte->

Ask
100

113
5
70
100
4

17
85

T H E

F e b 18 ,1899.]

C H R O N I C L E .— BO N D

P R I C E S (5 p ages* X l f l S

U

317

R ang*
Week's
Week*
Kangt
Price
rfONDS.
since
Rajige or
Range or ■S3
since
Friday,
N.Y. STOCK EXCHANGE
Jan,
Feb. 17. Last Bale.
Last Sale. 4 *
Jan. 1.
W e e s Ending F eb . 17.
Bid. Ask. Low. High, No- Lmc. Sigh
Bid. Ask Low. Sigh. No. Low. High
21 117*119*
CA O-(Con)—lit oong 5s *3© m-N 118* Sale 118* 119
A kron JtCblcJ no. Sen BA > J
110* 110*
116*Jan/99
ReglstereA................ 1939 M-N
labama Cent. S«Soa tty.
90* 96*
10 98 100
93
90
98
96*
Cen gold 4 * a ............1992 ,11-S * * * Sale’ 95*
Alabama Mid lit gu g.. . 1928, M
92* 92*
92* Jan-’fl
Registered.............1992 M-8
Albany A Suaq. See D4H105 108
R A A Dlv 1st eon g 4a 1989 J - j 105* 107 105* 100
Allegheny Val. 3 Penn Co.
*t*
©5 ..... 97 Dec’98
2d oong 4a.,........1989 J - j
Am Does A L Sea Can of N J
90H
95* May’ 9*
90* Craig Valley lit g 5s. .1940 j - j
7 88
Ann Arbor Lit g 4a..... ,1995 Q-Jt 8#« 90!i 90
Warm Spr Val lit g 5s.l941 [H-g
103*
Atoh T A S Fe gen g 4s . 1995 A-O 102* Sale 101* loan f 7 103 104
104 Feb’99
E1U Lex A B 8 gn g 5s. 1902 r«_ * •103* ...
Registered. . . . ....... I9V5 A-O 101* Sale 101* 101^ 30 100 103*
5*7 7S
85* Ohio A Alton sink fd 0s. L
903 [tf-N n o * ...
110 Feb.’99
O
Adjustment g 4a......1995 N rf 8344 Sale 82*
104 107*
104* ...
104 Feb.’9
Registered........... 1995 Norf
83* Feb ’©
9
B3M 83* Lon. A Mo Ely lit 7i..l©00 F_
107 J’ly *98
2d 7 s ......----1900 M-N 106* ...
Bqnip tr aer A g 5a... .1902 J - J
Chic A 8t Louis 1st da. 1915 ,U- a
Miss Kit B 1st if g 6s.. 1912 A-O
110 Jan.’99
108 110 Chic Burl A Nor. Sea C B A Q.
Atl AvBklynimpg 5s.. 1984[J - J
11496 11556
100* 100* Chtc Burl vt Q-Con 7s.. 1903 J - J 1 1 5 * ...... 115* 115*
100* Feb '99
Allan A Danr 1st g 5«..195<> J -J
104* 104*
Sinking fund 5s........1901 A-O 104* ..... 104* 104*
Atlanta A Char. See Sou Ry.
111 111*
Debenture 5s.. . . . ..... 1913 j|-N 1 12* ...... 111* Feb’09
Austin A N W. See So. Pac.
125*150
150
Oat Creek AS. See Mich Ceu
Convertible5s....,..,. 1903 M- S 150 Sal© 139
l * Dec’98
110 116
Iowa Dlv sink fd 5s... 1919 A-O t i l ......
110 Jan.’
C e lt a O lit 0a Pkb* Br.’ l© A-O
105* 105*
115 Noy‘98
Tmat Co. ctfa. of dep,
4s............................ 1919 A-O 105 .... 105* Feb’ 90
.1885-1925 F-A
115 Oct,’98
Denr Dlv 4a..............1922 F-A 102* 105 102 Oct/98
Sold 5«
iooii io5**
Southwestern Dlv 4a,. 1921 M 8 102* ...... 103 Feb.’99
Coupons off........... .........
130 120
120 Jan.'99
Cate A Iowa Dlv 5t.,..1905 F-A
Reglabored...... 1885-19*5 F-A
105* 108*
08** 108*
130 120*
120 Feb ‘99
Nebraska Exten 4a. ...1927 >i _n 108* Sale 1**
Speyer A Co. certi of dep
97 May’9
Tmat Co ctfa of deposit..
Registered............... 1927 M-N
183*' 123*
123* 123*
118* 3«p.*98
Han. A St. Jo« con 0s.. 1911 >1-8 123* .
Consol gold 5«.... ..... 198* F- A
108* Dec’98
110 A Of 98
Registered........... 198 F-A
Chic Bur A Nor 1st 59.1920 a - O
U 5 * 115*
115* Feb.’ 9«
f
IISH Oct/98
ChlcAElll—1sttfcur08.1907 J -D U 5 * .
J PM A Co ctfa of dep...'
Trust Co cenfa deposit. I
Small.........................1907 J - D
184 134
Balt B’It 1st« 5sintgu. 19901 >
M105 Dee t98
lit con g 0 i ..,,,.......,,1934 A- O 134 138 184 Jan.*99
1 0 9 * 112
W V» & P 1st * 5s.. . . .199- A - O
General oon 1st 51....1937 M-N 110* Bale 110* 110*
103* Nov'98
Monoa Rlv 1st ga g 5s. 1919 F-A
Registered ........... ..1937 M-N
Cen Ohio R late g 4**193' ,M e 111
v
CbioAlndCRy 1st 5s.l93fl J - J 107 110 105 Sep.’98
112
112
108* 112
ColAClnM lxtexi 4**1939 J - J
33 Jan.*99
85
85 Chicago A Erie. St* Erie.
AkACJ litlntgag5*. 193oIM-N
105 Aug‘98
Chle lnd A Loulivlile—
114* 115
Loulsv N A A Ch 1st 08..’ 10 j - j 114 117* 115 Jan.'
Couponso!L... . . . . . ....... I .....
105 Noe'98
92
92*
Chtc lnd A L ref g 5s., 1947 j _ j
Pitta A Con 1st g 4a... 19401J - J
107* J’ly'98; ... I...............
9 * * ...... 92* Feb ’99
1C4 107
Refunding g 0s. ..,,...1947 J - J 104 ...... tfi0* It 7
BAOS Wl*tgug4*s.l©0" j - j
I l l Feb *99 .... 10744 111
101* 101*
BAOSW R /coug*** 19vj j - J
94 Jan.’© ... 93* 94 Chil A 3 tP -lit7 i* g R D ,02 J - J 1 6 3 * ...... 161* Jan.‘90
©
1it7» A gold H D.... 1902 j - j 103* ....
lit Inc g 5s ser A .. . .20 43 NorT
32* Jan.‘99
34* 32*
D S * 103*
Ifi
Bern* B..................904a Dee?
t l * Feb W •*•J 19* 19*| lit Iowa A D 7s........ 1899 J - J 10S* Sale 163* 103*
J
10OH 103
BAOSW TerCogag 3*. *42 M-N
JitC A M 7s...... ........1903 j - j 103* I 04 lt>3 Feb.’O*
,00 1 0 8 *
Ohio A Mim m 0
ua*s-lV47jJ - J
il9 *‘ Jan.v9V : : : i b 8* iVa**| Chtc M A St P oon7i,1905 j - J 103* SAle 103
U
10396
161 1 0 8 *
3d consul 7*........ 1911 A-O 198* Sale 128* l«S* 131; 128 180*! 1st 1 A D Exten 7a....1908 j - J 1 6 3 * ...... 103* 103*
i20*121
108 Feb *99 ...1 0 3 * 100 i 1st Southwest Dlv 08.1909 J - J 133 ..... 120* Jan/09
lit 8pr‘g8etd DIt 7i. 1905>M-N
1st general 5a. .....103* J - D
115* Nov’98
89 Feb ©9 .... 89' 89
1it I^a Crowe A OBB..1912 J - J
118*121*
lit So Minn Dlv 0s..,. 1910 j - j 131
121* 121*
Beech Creek- 3** N Y C A U
I2y ISO
Bel A Car. Sr* Illinois Centlit Hast A D Dlv 7a.. 1910 j _ j 130
130
130
Booner Bridge. St* M fc A T.
C
109* Dec'98
5i ............................ 1910 J - J
122 Dec’98
Chic A Pac Dlv 8t...„1910 J - j
Bway A 7th A t. 3m Met 8 By.
118* 122
10*44 101* 101*
Bklyn K TrCocf liifBslWXt .....
I
Chic A P W tftg 5m... 1921 J
l j 9 4 * 1 03 *
120*131* 120* 121
l 18* 1« 1*
TrCoetuadg 5s......1915,....... j
120* Jan.'99
Chic A Mo Rlv Dlv 5a. 1220 J - J
80 J’ne’9^
110* 110>
i
all lnstel p d ...... . . .. . . . . . ... ..|
08 Mar’ 98
110* Feb ’99
Mineral Point DIt 5t..l9iu J -J
112 Apr.’U
*'
BA BBTCools lit go gfSs'42 ... ..
100* Feb *99
93 101* Chic A L Su Dlv g 5s.. 1921 J - J
.■
aUinatal pd............... .
....... *101
122 118 Nov’98
Wla A Mian Dlv g 5 i.. 1921 J - J
115 115*
Cn ElTrCocfa iitga g8«'37...... •....... io * * 1 0 * 101V
115
*
117 115
94 103* Terminal gold 5s.......1914 J - J
127* Jau.'0H
Bttjrn SUp Tr g »•-....... 194 * A- O 108*109m 109
Far A Boo asm g Bi...l924 J
109*
108 n o *
Bklyn Chty lit eon 5s 1918-4] j - j n i7 »t n o 117* Dec'98
106* May’©'
Cont sink fund 5«....,l91ft J - J
112* 111
BklynQCo AScon* ag 5«‘ 41 M-N
114
111
108 Feb ‘99 ... |105* 100 I Dak A Gt So g 5s....... 1910 J - J
111 Feb’99 a0 I08>s I lk *
Bklyn A Montaak. 3*4 L Isi. j
Gen gold 4* serlea A. .1989 J-J* 111
Brans A West 1st g 4*.. 1938, J -J
105* Feb.‘9>
Registered................1989 f- J4
... ...... . ......
;
I MU A No 1st M L 0S..191U -D 122
I
Buff N Y A Erie.
Kne,
121 Dec’98, •
120 120
120 Jan.’©*]
Buff K A Pgen g 5a......1937 M -» n o
1st consol0i----- ..,.1918 J -D ’143
109* Feb *99 *i , io7* n o
148* 145
Debenture 0s .........1947 jJ - J
143* Feb ’«
Chic A Northw—
Coo7*. 1915
118 118*
Boch A Pitta 1st g 0# .19*1 F- A 195
113
118*
197 Mar *98
1 Gold 7a.......................1902
1
113
113 113
113 Jan.*99l
Consol 1st 0 i.......... 1022 J - D 197
128 Jan.*99
128 128 j
Registered.............. 1902 J -D 113
lie U 0
Cl A Mab lit go g 5s 1943 J - J 139
103 A p r'97
Sinking fund 0a. 1879-1929 A- O 118 120 110 Jan/90
Buff A Southwest. 3m Erie. 1
117* Oot,’90|
Registered......1879-1929 A-O
109* 109*
Buff St MA 3 W 1st g 5* lvr7 F- A 104 Sale
105 I 95 101*105
Sinking fuud 5i 1879-1929 A-O io v n ....... 109* Feb’99
10 9 109
Buff A 3uaq lit gold 5s..lVla a - O, .....
109 Fob ’90
Registered..... 1879-192V A-O
122 123
122 Feb‘ 9©
Registered........19L* A-O -----------Binklng fond deb 5e...l93£ M-N 122
Bur CRA N 1»t 5*....... 1900 J -D 109 Sale 109
119* Dec ’98
Regiitered........... 198a n-N 122
109
21 07 109
T
HO 110
Con lit A col U g 5a. . 1934 i - 0 113
[113 Feb'99
110 Fob’ 99
25-year debenture 5t.. 1909
u i 119
N
Regiat«red.............. 1934'A - Of .........R R I 110* Feb '99
109* Mar’ ©Registered ......... ...1909 M-N
n o* no*
118 118
M * 3 tL D f *u g 7a.. 19371J-D; .................
30-year debenture 5a ,1921 A-O 117 ....... 118 Feb '99
Y.a
CB1 Y .t N W 1ftgBe./B9 A-O *107 ...... 105* NoV98
117* Feb.’©*
Registered
1921 A-O
100* 109*'
1ft gold 5 * ...,,,,....... 193'. A-O *109 ........ 105 Jan '90
Extension 4s.,,,1880-1930 F- A 107" Bale 107
It 9
105 105
lanadaBooth lit 5s... 1993 J - J •110 110k n o
no
108 J'ne'98
Registered. ... 1880-1938 F- A
108* 110*
Vojijt 10*5*
104* 105
t 3d5a....w ....... ....1913LH-S *110)4........ 111* Feb.'Oi*
no* in *
Gen gold 3*s.......... 198'" M-N
Registered...............1918LU-g ............... 100 Jan.’vr
Nov’98
Registered.......... ...1987
................. 103 May'©Oarb A Shawn 3** HUCenlJ
107*
Kscan A L Sup 1st 0s.. 1901
Carthage A Ad. SaaNYCAH.
De* Mo A .M 1st 7a 1907 F- A
inn
0 R la r AN. 3*4 B C R A N
.
108 0<St-’98
Iowa Midland 1st3«...1900 A-O
Cen Branch U P 1stg 4a 194» J -D
93
93* Jau/99
Winona A 8t Pet 2d 7a 1907 M- N 125
91* 93*
»7*1 1 7 *
Qemral Ohio. 3** Bait A O.
M A Mad 1st fli....... 1905 M- H 1 7 m i . 1i7 * Feb ’9©
U
111 1U
Cen HR A Bof (1st— g 5i“37 M-N;* 95 ....
Col
111 Jan.’ W
9
95
95
95
95
OttCF ABt P 1st Si..1909 M- t- 112
Cent of Oa Ky—latg 5*1.1945 F-AS *114* ....
105 A pr.’93
North Illinois 1st 5a... 1910 M-S 113
i 10 Dec’98
ho" lio n
Registered .........1945 F-At
140 F e b ’ 99
M0 L 8 A W litg 6s. .1921 >f-N 139
Ooosol gold 5s ....... 1945 M-N 90 Bale 93*
1 05 * Fob *9
Convertible deb 5s.. 1907 F-A
91* 90*
117*119
,
Regtaterad .............. 1945 M-N
118
11©
Ext A Imp « 1 it 5s.. .1989 F- A 119
lit pref Incomeg 5a. .1945 Oct.* 41* Sale 39
138 D ec’ 98
41*|
Mich Dlv l it gold 0*. 1934 J -J 138
*LH I7fl *38
142* 1*4*2*
3d pref Income g 5a-.. 19451Oot-i 13 Bale 12
3o n * 13*
142* Jan.*99
Ashland Div latg 8#! 935 ^1-8 141
13*
3d prof income g 5*. .-19451
Oct-t • ..... 0*
112 Apr.'©Incomes ................ ,.1911 M-N
AH Deo 'V8
131* is 2*
MAN Die lit g 5* ...,194* J - J 05 ...
132* Jan.‘99
Ohio Rock 1 A Pac 0s— 1917 J - J 1*89*
95 Dec'98
182* 132*
Mobile Dir l it g 5a. . . 194* J - j
90 J'ly 9*|
Registered .......... 1917 J -J 132 134* ' 3 2 * Jan.'99
1U4* 108
Mid Ge A All Dir 5# .1947 J - J
General gold 4i........ 1988 J -J 107 Sale 1 9 0 * 107
80* Bcp •»«!
100* 107
Cent of N J—1st oou 7s 1899 O- J’ t o i* ,
tC-0* 107
Registered............1988 J -J 107 Sale
101* Jan.’99j
■.
101* 101*
90
93
1st eooyeittble 7§...... l»03 m- N 113 .
©3 Jan.'9 9
112 Jan.r99 .... 112 111
Dea M A Ft 1) 1st 4s.. 1905 J -J
“
85
85
Fob ’ ©9
C ertible deb 0s--- 1908 M- >
oot
112* J’ly ’ 9m
f
lit 2 *s....................1905 J -J 85
Mar'9 7
General gold 5 «....... 1987 j - j 117 Sal 117
88
Extension 4 s..,,,... 1906 J - J
117
C 113* 117
8i
109* 111
Registered. ..,,....,1987
110 MB* 118* Feb '93 ... Ilk * 114* Keok ADeiM lit 5k. 1923 A-O
n o Feb '99
Leh 4 W B C eon as 7s. I9o >
<
100* Bale 100* 100*
100 A pr'97
* 99*101
Small,..,........................ A-O
5«............................ 1913
9 2 * ...... 90
I! 87* 90 ChlcAStL. 3*4 At T A 8 F.
90
A m Dock A Itup Co 5*. 1931 J - J 114 ...... 115* Feb ’99
15*115* Chle 8t L A N O. 3t* 1 1 CenL
1
N J South int guar 8s. 1899 J - J M0Q
Chic St L A PttU. Sra Pa Co.
136 136*
180* Jan.*99
Cent Pacjflc—
Ctfa dp A. 139*
1980
103 Oci.*98
130* 186*
;;;;;; Chle 3tP MAO con 0«...1918 J -D 130
Speyer A Co ctfi BCD. 1899
186* Jan.’09
Cb 8t P A Min 1st 0s.
M-N
103 Fib.’O*
Speyer A Co ctfa dep (6.1900
Nor Wisconsin 1st 0s..1930 J -J ....... 140
188 184
Speyer A Co Otf FQHI. 1901
18b* 133*
^
25 104 106
100 9al« 100
St P A S City 1st g 0S.1919 A-O ....... 130
100
San Joaquin Br g Be...1900 A-O
Chlo Ter Transfer g4s ..1947 J - J
95* 8‘i 93* 90*
95* Sale 05*
103* OcL'98
Guaranteed g 5»...,,,.198^ A-O
100 J’ne’97
Ch A West 1 Ills f g 0s. 1919 M-N
Speyer A Go eng ct*..,... ,..., 114 3ale U S* 114 120 i i a * iM** General gold 0e..........1932
119* Dec’98
’121
L«ud grant gold 3a— 1900 A- O
Chlo A West Mich Ry 5*. 1921 f - Z
103 Mar’98
0 4 0 Die ext g Be. ,**191 * J - J
Coupons off.. . . . . . . . ...1921
101 Jan.’9H
119 Oct/97
Western Paclho g 8* . 1999 J - J
108 Jam'99 . . . . 108 103 Ota H A Doon i f 7s,... 1905 A- o
108* Oot.’97
No of Cal lit go g 0*. .1907'J - J
3d gold 4*a
....... 1937 J - J
11* ii’i j i
112* 112*
Gnarante-Nl gold 5s. 1988 iA- O
f Cta D A 1 lit gu g 5s..1941 M-N 112
109* Dec’98
Charles A Bar 1*t g 7*.. 1938F - J
J
C StL AC. Se* CCCAStL.
M
Ohm A-- «- 0* ---------- 1908 -- - 2 0
O—
#er. A,.. ---- A-Ot
------_
1*1* IIP * Jan.'99 . . . . u*9 ii 9* Ota 8 A C. 3e* C C C A St L.
Gold 0s...... ............. .19111
A*Ot!* 119* 124*ilt0 Feb.'OQ . . . . 120 120 City AS Ry Balt 1st g 5s. 1932 J -D

BONDS

JS

BT.y^TOCK EXCHANGE1 i C
Webs E nding F eb 17- .$S,

Price
Friday,
Feb. 17.

?:S

t

* Ho pr(«frrt<Uri tl»»M u tlU M t bid u d u t a d ttit. m t
O U T S ID E

S E C U R IT IE S

tOa.JaJ j. I D u Nor. j [n i.J a a , 1 Duo J»a. i Bond. 4 » . M»f. • Thaio
*

(G iven at toot of 7 consecutive pages).— G A S

Bid. Aik. [
Bid.
I t w t R allw ftr*.
Hccu rifles.
Fro. A P*Wt'ek-lit 5* ’ 33 ♦108 110
Blehm RyASleo-lst5s*80 70
NNW YORK.
100h««oT Ry ,., ........
l*W 18* Contra) Union Gas­
92
D « b « is 1 9 1 1 . . MA S
lit 5fl 1937......... JAJ ♦107*
30
*d 5s 198*........... JAD 78
Con Gas (NY)—Stock—N YStk
Deb 5s 1008........ MAN 100
Con 5s 1930.,,....AA*> ♦105 107
Bo Bide SI (ChlO—
8tock. 75
Boult G a s ,.,....,,,......, lie
iJO TrASIwt Prov f-St‘k 88 'Vo'
’d
1st 0s 1899.......... FAA ♦101
1 s t Si 1083 .... ..MAS m m Its *
Con. 5s 1932.......MAS ♦U7
©
0
W « s t C h ic a g o a t . . . .
Mutual Gm .... . . . .. ....... 317
Oon 193A., . . . __ MAN I 96*
N. Amiterdam Gas, Com. 87*
70
wW ditir fMii)Tr-Cosi 10* ..... il Pref............... .........
♦104*
102
PrafavnM.
1«r. eonsol 6s— ....

Bid.
G at * ecu rit lea.
N Y A Bast River Gas­
lit 5s 1944............ JAJ 118
Consol 5i 1945..,,.JAJ 109
109* Northern Union­
ist 5s 1927.,....... MAN 94
Hxoh
Standard Gas—
Common,. 138
110
145
118
Do preferred....... .
102*
lit 5s 1980....,,..MAN ♦ 110
Aik.

118
325

Ask.
1J5
111
90
144
153
118

BROOKLYN.
C
88
Brooklyn UnGa*—N Y 8t O k E xoh.
1st con 5i—N
71 , Williamsbnrg O aY Shock ♦Bxeh. 102
»-1st flg 101
1044*11

option ulM .

S E C U R IT IE S ,
Ga# * eon f it le*.

<Bc.
Bid. Ask,

OTHER CITIES.
Baltimore Consolldat— e Balt.
Se
Bay State Gas—N Y Stock Exoh.
Inoomes ......................
Bouton UnltedGai Bonde- -Boato
17
Bnffalo City Gas—
Stock
90
P r o f...................
1st 5s 1947.......... AAO 5 #154
Chicago Gas—See N Y Sto ck Ex
Ulcero Gas Co 1st 08...... 102
mctanatl Gas A Coke... 199
3An< Interest. tPrlce per ih
3

List.
aLtrt
18
05
93
ob.
are*

T H E

318

C H R O N I C L E .— BOND

Price
Friday,
Feb. 17.

BONDS.

■ .Y . STOCK EXOHANG K
W eek Ending F eb. 17.

Week’s
Range or
jO
Last Bale. X Q

Range
since
Jan 1.

P R IC E S (5 p a g es) P a &E *
BONDS.

N. Y. STOCK EXCHANGE
Week Ending F eb. 17.

Price
Friday,
Feb. 17.

[V ol . LXVH1.
Wttk'8
Range or
Last Sale.

Range

since
Jan. 1.

Low. High
Bid. Ask Low. High.
Bid. Ask. Low High. So. Low. High
121 12*%
122% 122% Jan. 99
lint A Pere M g 0b. . ..1920 A- O
Clearfield A Mah. See BRAP.
100% 101%
1st consol gold 5s----1939 M-N 101*4 Sale 100% 101%
01 Ak A C eq A 2d g 6b..1930 F- A
100 102%
101% 101%
Pt Huron Dlv 1st
O
78 Fob ’00 '*42 70* 80* Fla Cen A Pen 1st gg 5s. 1939 A- J
J -J
01 A Can 1st 5b tr rec... 1917
5s. .1918 J 87% 98
93%
94%
0 C C A 8t L—
Gen g 4s..1993 J -D 04% Sale
1st land gr ext gold 5s. 1930 .1 - J
Cairo Dir 1st gold 4b. .1939 J -J
7 99* lOS*
ConBOl gold 5b....... . .1943 J - J
108
StL DIt 1st col trg4s.l990 M-N ........108* 103
Ft S A V B Bge. See StLASF.
9C Mar’ 08 ....
Registered...............1990 M-N
105 Mar’98
Fort St U DCo lstg 4%sl941 J -J
flpr A Col D1y lstg 4s. 1940 M- S
87%
85
S5 8ale 84%
Ft W A D C—lstg 4-08.1921 J -D
W W Val DIt let g 4s. 1940 J - J ................. 87 Aug’98 ....
63
03%
FtW A Rio Grist g 3-48.1928 J - J 03 Sale 02
' 95* 9 5*
95% Feb’99
OlnWAMDlr Istg4s.l991 J - J
Fulton Kiev. See Kings Co El.
102 104
OlnI StL AC lstg 48.1936 Q-F1 103 ....... 103 Feb’99
al liar A SA. See S P Co.
Registered .............1930 Q-Ft
99% 102
101
al HAH o f ’82 1st 5s.l913 A-O 101 Sale 100
M-N
Consol 0s...........
Ga A Ala Ry 1st pf g 5s.l945 A- O
...... 00 Dec’98
Oln 8 A Cl con lstg 5s.l928 J -J ♦Ill ....... 114 Oct.’97
106 ” ibo*
100 Jan.’99
Ga Car A No 1st gu g 5s.l920 J - J
Ind B A W 1st pf 7s. .1900 J -J
1
Georgia Pacific. See So Ry.
OIndAW 1st pf 5s... 1938
24 |3
88* Grand Rap A Ind. See Pa Co.
87
* 80%....... 3«%
Peo A Bast 1st con 4s. 1940
an A St J. See C B A Q
23
33
30
30 Sa‘ e 30
Inoome4s................ 1990
ousatonlc. See NYNHAH.
102 102%
01CC A Ind lets f 7s... 1899 A S 1 0 9 * ....... 102% Feb’90
97% 104
103
Houst E A W T 1st g 5S.1933 M-N 103 Sale 103
137% Dec’98
J -D
Consol 7s................... 1914
.... ................. Hons A Tex Cen. See So P Co.
Consol sinking fd 7s... 1914 J -D
112% Nov’ 98
llinois Cent 1st g 4s... 1051 J - J n o % .
General oousol gold0s. 1934 J -J
112% Nov’98
Registered..............1951 J - J 110% ,
Registered..............1934 J - J
103% 105
105 Jan.’99
1st gold 3%s...,,,.....1951 J - J 102 .
108% 108%
108% Feb ’99
CASlst MC CC AI Ts.1901 A-O
102% Apr.’98
Registered............,1951 J - J 102 .
107 Dec’98
01 Lor A Wh oon 1st 5s. 1933 A-O
1 st gold 3s sterling.... 1951 M-8
dev A Marietta. See Pa RK.
2 128 130
Registered................1951 M-S
130
Olar A Mahon Val g §s..l938 J -J 129 ....... 128
105% 107
107 Feb’99
Coll Trust gold 48..... 1952 A-O *105% .
Registered..............1938 Qu-J
104% 104%
104% Jan.
Registered... . . .. . . . . 1052 A-O
ev A Pitts. See Penn Co.
103 104%
7 04
103% 10S%
L N O A Tex gold 4s 1953 M-N 104
09
04
> Mldl’d—lstg 2-3-4S. 1947 J - J 64 Sale 64
1
101 Mar '9 '
Registered.............. 1953 M-N
74
76
75
75 Jan.’99
J - J ♦ 73
lstg 4s...................... 1947
100% 8ep.’98
Coll tr 2-10 gold 4s.... 1904 J - J
Ool A 9th A t. See Met St Ry.
Registered............... 1904 J - J
Oolnm A Greenr. See So Ity.
104 104
104
Western Line 1st g 4s.l951 F-A 104%...... 104
OolHVATol—Cong 5s. 1931
20 70
Registered..............1951 F-A
80
75 Sale 7!%
75
J P M A Co eng cfs 985 pd
93% &
6%
Louisville Dlv g 8%s .1953 J - J *00% Sale 95% *90%
32
34
32 Jan.’99
Gen. gold 0s.$ «5 pd.. .1904 J -D
Registered..............1953 J - J
32
Qen. lleng. 4s. $95 pd. 1996 J - J 28
81*' *83%
83” Feb ’ 99
St Louis Dlv g 3s......1951 J - J
Registered. §05 pd.. 1990 J -J
Registered.............. 1051 J - J
Ool A Cln Md. See B AO.
94” ”90”
95% *90”
Gold 8%s.................1951 I - J 95% 90
Col Conn A Term. See N&W
Registered.......... 1051 J - J
Oonn A Pas Rlvs 1st g 4s.’48
Cairo Bridge gold 4s..1950 J -D
ak A Gt 8o. See CM A StP.
Registered..............1950 J -D
alias A Wa*o. See M KAT.
Middle Div reg 5s......1921 F-A 115
Ael Lack & Western 7s.. 1907 M-S 120 ....... 124 Nov’ 98 ....
Spring Dlv lstg 3%s.l051 J - J
....... ......
A-O 120 ........ 126 J’ly ’ 98
B Bing A N Y 1st 7s. 1906
yT
Registered..............1951 J
143 144
143
Morris A Essex 1st 7s. 1914 M-N 141 ....... 148
120 120%
120% Feb’99
ChtcStL&N Og 5s..1051 J -D
107 Sep.’98
7s............................1900 J -J
123 8ep.’98
Registered..............1951 J -D
1 ' 0* 110*
7s................... 1871-1901 A-O U 0* ....... 110% Jan.’99
Gold 3%s.................1951 J -D
lstoonguar 7s....... 1915 J -D U 2* ....... 143 Jan.’99 .... 143 143
Registered.......... 1951 J -D
Registered........... 1915 J -D 140 ....... 140 Oct.’98 ....
104%104%
Mem D iv lstg4 s....1951 J -D 104% Sale 104% 104%
138*' 1*38”
RY Lack AW 1st 0s.. 1921 J - J
Registered......,,..1951 J -D
117 117
11? Feb'9 0
.Construction 5s......1928 F-A
Bellev A Car 1st 6s... .1923 J -D 120 .
Warren 2d 7s..............1900 A-O 105 ....... 108 Aug’ 98
94% Dec’P8
St L Son lstgu g 4 s...1981 M- 8 93 .
Bel A Hod 1st Pa Dlv 7s. 1917 M-S
90 Nov’98
Carb AS lstg 4s....... 1932 M-S
.
143 May’ 97
Registered............... 1917 M-S
Ind B A W. See CC C A St L.
1
Alh A S jal8toongu7sl9O0 A-O
102% 103
Ind Dec A W lstg 5s — 1035 J - J 104 ...... 103 Jan.’99
Registered...........1900 A-O
104% 106
1
117* 117* Ind 1 1A la 1st ref g 5s. .1948 A-O ...... 106 106 Feb’99
Gold 0s................... 1906 A-O U 7 * ....... ii7% Jan.’99
124%125
Int A Gt No 1st gold 0s. 1919 M-N 124% 125 1*5 Feb’99
117% Jan.’ 99
117* 1171.
Registered......... 1900 A-O
03
95
95
95 Sale 95
2d gold 5s....................1900 M- 8
Rene A Bar lst7a... ...1921 M-N 151 ....... 151 Jan.*99 .... 151 151
00
**3
02 Feb’99
8d gold 4s...................1921 M-S 0 L 63
Registered..............1921 M-N
107 . J
107
Iowa Central lstgold5s.l938 J -D 107 109 107
Bel RIt RR Bge. SeePaRR.
Iowa Midland. See Ch A N W.
92 Jan.’99
90
92
Den Con Tr Co lstg 5s..1933 A-O 87% 100
Jefferson RR. See Erie.
Den Tram Co con g 08.1910 J -J
al A A G R. See L 8 A M S.
Met Ry Co 1st gu g 08.1911 J - J
an A Mich. See Tol A O C
.
108% 15 107 108%
D>n A R Grist gold 7s. .1900 M-N 108% Sale 107
101% 43 100% 101% K C A MRAB 1st gug 58.1929 A- O
1st cong 4s............... .1930 J - J 101% Sale 101
08% 75
73%
1st con g 4%s.............1930 J -J ....... 101* 109% Jan.’99 .... 108% 109% K C P A G 1st A col g 58.1923 A-O 78% Sale
Kan C A Pac. See M K A T.
Improvement gold 5s. 1928 J -D
102% 107
Kansas Mid. See St L A 8 F
Des M A Ft D. See C tt A I P.
Kentucky Cent. See LAN.
Res M A Minn. See ChANW.
Keok A Des M. See C RI A P.
102 Oct.’08
Des M Un Ry 1st g 5s.. .1917 M-N
77
05
70
70
Kings Co El ser A 1st g 5s *25 J - J 70
Det MATol. SeeL 8 A M8o.
74%
50
70
62
60%
Ful El 1st gu g 5s ser A .’29 M-S
Bet A Mack 1st lien g 4s, 1995
Knoxville A Ohio. See So Ry.
60
62
Gold 4s...................... 1995
I 16% 118%
10 107% 116
T ake Erie AW lstg 5s. 1937 J - J 117% 118% 118% Feb’99
110 Sale 110
Dnl A Iron Range 1st 5s. 1937
110
103% 100%
Lj 2d gold 5s...............1941 J - J 107 110 100% 100%
l
Registered.............1 93 7
100 102
North Ohio 1st gn 5s. .1945 A-O 101 105 101 Feb’99
2d lien mortgage 8s... 1910
L S A M S. See N Y Cent.
Dnl Red W A 8 1st g 5s. 1928
104 Aug’ 98
2 111% 112
Leh Val (Pa) coilgSs .1997 M-N
112 Bale 112
Dnl So Shore A At g 5a. 1937
112
Registered ............1 99 7 M-N
ast of Minn.' See StPMAM.
105% 106%
105% Feb’99
Leh Y N Y 1st gu g 4%s.. 1940 J - J *105
astTVaAGa. See.SoRv.
3 104%107%
Registered.................1940 1 - J
Elgin Jol A E 1st g 5s.. .1941 M-N 107% Sale 107% 107%
113 113%
Leh V TerRy lstgu g 5sl941 A-O 113% Sale 113% llS j.
Ells Lex A B 3. See C A O.
109% J’ly ’$7
Registered.......
1941 A-O
Elm Cort A No. SeeLehANY.
06
96
90 Feb ’99
L V Coal Co 1st gu g 5s. .1933 J - J
Erie 1st ext. g 4s..........1947
*115 110 115% 115% 0 115% 117
2d ext gold 5s........,..1919
Registered.................. 1938 J -J
•121% ....... 119% Aug’98
91% 93
93 Feb’99
Leh A N Y 1st gu g 4s. ..1945 M 8
•l\o ....... 112 Nov’98
8d ext gold 4%s......... 1923
4th ext gold 5s....... ..1920
*121 ....... 121 Jan.’99 .... 1»1 121
Registered.................. 1945 M 8
El C A N 1st g 1st pfQs.1914 A-O
6th ext gold 4 s........ 1928
*104%....... 104% J’ne’98
101 8ep.’97
................. 145% Feb *99
Gold guar 5 s........... 1914 A-O
1st consol gold 7s......1920
145 145%
Leh A Wilkesb. See Cent NJ.
.................
1st consol gold fd 7s.. 1920
Long Dock con gold 08.1935
141%....... 139 Sep.’98
Leroy A Caney Vai. SeeMo P.
BuffN Y A Brie Ist7s.l910
Lex Av A P F. See Met St Ry.
*135 ....... 140 Feb’99
140 140
33
35
35
35
36
L R A M 1st g 5s 1987 Tr otfs
.................
Buff AS W gold 0B....19O8
.................
Small....... ......... ..........
Long Dock. See Erie.
ISO 122
122 Jan.’99
Long l8
l’d—1st con g 5s. 1931 Q- J 122
Jeff RR 1st gu gold 5a. 1909
100 ....... 106 Feb ’99 .... 100 100
J
104
15 111% 114
Chic A Erie 1st g 5s... 1982
1st con g 4s ................ 1931
113% 114 118% 114
99% Feb’99 .... 98 100
98
Coal A RR 1st c gu 08.1922
General gold 4s.........1938 H
..... ......
99 lOi
101 Feb’99
m ” ” ” ” ................ "
Dock A Imp Istcur6s.l913
Ferry 1st gold 4%s.,,,1922 M-8 101
N Y A Green L gu a 5b. 194 0
...... 109 OcL’98
*104
Gold 4s.......................1932 J -D ♦ 100
95
Brie 1st con g 4b pr hds. 1996
Debenture gold 5s......1934 J -D
94% Sale 94
94% 540 92% 95
100 100
100 Jan.’99
Registered.......... 1996
N Y& R B lstg 5s....1927 M-S 100
1st eon genlieng 4b... .1996
2d Inoonie.............. 1927
73 Sale 72*
73& 210 71% 77
107 107
107 ** Jan.V
99
^ Registered............... 1996
N Y B A A B cong os.. 1035
l
.................
118
N Y 8 A W—1st ref 5b.1987
107%...... 108 Feb ’ 9P ... 107 109
Bklyn A Mon 1st g 08.1911 M
2d gold 4%s............. 1937
................. 92% Aug’98
1st 5s.......................1911 M-8 107
95
General g 5s............ 1940
Nor Shb lstcon ggu5s..’S2
....... 97
90% Feb ’fl£ «2 95
99
Terminal 1st g 6b__ 1943
............... 111 Oot.’98
N Y Bay Ex R 1st gu g 5s’43 r .° ,
Regis $5,000 each. 1948
f .................
Montauk Ex gu g 5s. ..1945 j - j
WllkAEas 1st gu g 5s 1942
............... 103% 104
La A Mo Rlv. See Chi A Alt.
22 98% 104
Mid RRofNJ lstg0s 1910
LEA StL Con eng 5s. 1939.
120 122 122 Dec’ 9£ ....
53 Sale 53
55
Escan A L 8up. See C A N W.
Tr Co certs..............
.
5 Dec’98
Eureka Springs 1st g 6s. 1933
...............
General gold 4s.......... 1943 M-8
65 Nov’9r
100 Nov’97
Et A T H 1st con 0b
......1921
................ 121% Jan.’9£
121% 121% Lou A Nash—Cecel Br 7s 1907 M-8 ♦107 .
129% 129%
129% Jan.’99
1st general gold 5s.... 1942
.............. 101
NOAM 1stg 0r ....1930 J - J 130 .
5 100% 102%
101
117 117
117 117
Mt Yernon 1st 8s....... 1928
►................
2d gold 6s ...............1930 J -J 117 .
117 Nov’98
8ull CoBrch ls tg 5s..1930
►...............
aE H A Nash lstg 0s...1919 J -D 115% .
117% 119
ErAlndlBt con gu g 0s.. 1920
119 Feb’99
' *....... 101% 102% Jan.’ 9£ .... IOO 103% General gold 0s.... ..1980 J -D *118 .
Pensacola div gold 6s.1920 M-8 108 .
103% 8ep.’9?
Fargo A So. See Ch M A 8t P.

F

G

i-0

H

I

«

D

K

E

•No priceFrlday; these are latest bid and asked this week, t Bonds duo August, * Bonds due April. i Bonds due January, i Bonds due July* aOptlonsale
|
O U T S ID E S E C U R IT IE S
G a s S e cu ritie s .

m

Gas (Norfolk Va).... 35
1st 6s.......................... «100
City H A L (F storiu) 5».
Columbus (O) Gas—Stock 39*
1st 5s 1932............JAJ 5105
Consolid Gas (N J)—Stck 15
1st 5s 1930............ JAJ 80
Consol Gas (Pitts)..........
Pref.............................. 57
Bonds 5s..................... i n *
Consum Gas (J City)—
Stk 86
1st 6s................... MAN 107
•ewolt Gas—See N Y Hxc h. list.

Ask.
38
94
91
107
17
81
38
58
90
108

(G i v e n

at

e o o t o p 7 c o n s e c u t iv e

Gna Securities.
Bid.
Fort Wayne (ind)—Sto.’k 09
1st 0s 1925........... JAJ 78
Grand Rapids—Stock...... 98
1st 5s 1915.......... FAA {108
Hartford (Ct) GasL...25 t 42
Indiana NatA 1 1Qas—8tk 72
1
1st 0s 1908
. MAN 75
Indianapolis Gas—Stock. 105
1st 08 1920.......... MAN 1104
Jersey City Gas Light.... 210
Laclede Gas—N Y Stook Exch.
Lafayette (Ind) Gas—Stk 70
1st 0s 1924.......... MAN 78

Ask.
74
82
101
104
75
78
108
106
75
82

pages).— G A S

S E C U R IT IE S ,

<&c

Bid. Ask.
Bid. Ask.
Gas Securities.
G n s S e c u r itie s.
80
09
LogansptA Wab Val—Stk 50
Syr’seGas—L 5s’40.J&J 85
*t
97 100
73
estern Gas (Milw)......
1st 0s 1925 .......... JAD 72
07
Madison (Wls) Gas—Stck 03
5s—See N Y Stock Exch list.
1st 0s 1920...........AAO {102 105
Teles:. A Teieph.
American Diet Tile—
NY 8tock Exch
Ohio A Indiana—Stock... 00
05
75
American Tei & Cab—NY Stock Bicb
1st 0s 1920 ...........JAD 72
Peoples Gas A Coke—N Y Stock Exch Jentrai A South Amer— 109 111
00
Ihes A Poto Teleph—Stk 58
Philadelphia Co—See Bos ton L 1st.
Bond 5s....................... 103 105
St Joseph (Mo)............... 39* 41
Jommercial Cable........ 185
5s 1937..................JAJ 92% 96
118
•'miner Union Tel (NY).
St Paul Gas—Stock......... 50% 51%
80
E aDire A Bay State Tel.. 75
91
Consol 5s 1944 .... MAS { 90
iAnd interest, tPrice per sh are
19
20
ouse Gas—Stock

T H E

F eb. 18, 1899. j
BONDS

i

H.Y.STOCX EXCHANGE; S I
W eek E nding F eb. 17. S&J

G H RCK N iO L H — BOAD

Price
Friday,
Feb. 17.

Week’s
Range or
Last Bale. 25«

Range
since
Jan. 1

P E lC iilS (5 pages) P a g s 3.
Price
Friday,
Feb 17.

BONDS.
N.Y. STOCK EXCHANGE
W eek E nding F eb. 17

Week's
Range or
Last Sale.

Bwi. A*&. Low. Sigh. No. Loto.High.
Bid. Ask. Low. Sigh. No.
N Y Cent (Con.)
Loa & Nash (Coo.)
L_
‘ 106*...... 104 Deo "98
135 Dec'08
Debenture g4s.. 1890-1005
8t L dlT Istg 6s....... .1921 JJ-8; 135
■106 ...... 104* Feb/99
Registered......1890*1905
34 gold 8s................1080, iH-S 85
107 Nov’ 98
’ 107 ..... 107* Feb/99
Debt certs ext g 4s— 1905
Nash"* Dec 1 « 7s...... 1900
‘ 1 0 6 *...... 104* J‘ne’98
Registered............... 1905
Sinkfd (3AA.) g 6S....1W10 A - O
G 3*s.............
1007
1 0 7 * F eb'99 a0 107* 107*
■ 112 ...... 112* Jan.’99
SANA conga g 5s....1988 F- A ....... 107
107* 109*
Registered........... 1997
I l l * Sale 111* i l l *
8
Gold 5b.......................1987 >I-N 1 0 9 * ...... 10951 10951
100 Sale 09* 100 860
05* 9354 Lake Shore col g 3*s. 1998
Unified g 4s..... — ... 19-10 J - J 95* Sale 953 9m
Registered ..........1 0 9 8
99^ Sale 99*
00*
8
Registered...............1040 J - J
112 Jan/99
99* 31
Mich Cent coil g S*s-.1998
’ 99* 99* 90*
111 112
A 110 .
Pen* A At! lstxagd*.1931
Registered..............1998
108 109
109* Feb*.90
1
Coll trust g 5*............ 1031 jM-N 108* ■
99*
....... 99* 99*
LANAMAMlstg 4*s. 1045 M-S ................ 108 Jan.*90
Harlem 1st 7s........... 1900
106* 107* 108 Jan,’99
108 108
■106 ....... 106* Jan.’99
Registered...............1900
106* 109*
N Fla A 3 1st gug 5s ..1087 F-A 106* Sale 100* le e *
94 Feb/99
108 ....... 103 May’07
01
94
N J June K gu 1st 4s . 1986
Kentucky Cent g 4*.. .1087 J - J
Registered............... 1986
103 Jan/98
LOtoALexg 4*a**,.193l[M-N 112
West Shore 1st 4s gu.2301
112* 112* 112
112*
LAJeffBgeCo gun U -1945 >1-8
Registered .............. 2361
112* Sale 112* 112*
L N A 4 C . See C l t L
109 Mar*VS
110 ....... 108 Nov'08
Beech Crk 1st ga g 4s. 1938
Louis By Co 1st eon g 58.1930 J - J
Registered...............1936
106 J'ne’98
ahon Co*L SssLSAMS.
2d gu gold 5a........1936
achatlan Ry © 4s 190O A- O 105* Bale 105* 10«M: 153J $5 107
cm
|
Registered.. ............ 1938
117*' ii7 * ! H u s 117*
Metro pot El 1st g 8a.. .1008 J - J l i t
- . 102* 102*
Clearfield Bltam Coal Corp
Sd 8* ...........
1899 M
-JC 1 0 2 * ........ 1 0 2 * Feb *00
1st s f int gu g 4s ser A .’40
95 JMy’98
Man 8 W Ccfonto * 5s... 1034 J - D
Small bonds series B.. ’40
Market St C Ry lstgds-1013 J - J
Gout A Oswe lstgu g 5s/42
MoE’ptABV. 3«PM©KAY~
R W A Og con 1stext 5s/88
131*’ Feb ’ 99
Metropolitan El. 8**Man Ry.,
Nor A Mont 1st gu g 5a/16
18 j 118* 124
121
Met Bt By gen o tr g 5s.. 1097] F- A ‘ 20* 121 list
18 122 125* R W A O T R lstgu g 5a. 18
BwayA7thAvlfitcg5«.1048'J - D 123
133* 124
Oswe A R 2d gu g 5s..1915
Registered ... .... .1043 J - U
Utica A Blk R1y gu g 4s.’ 22
ColA9thAT lstgu g5a. 1993 M107 Aug’9B
1 128" Jan.’99j
128*137
___ _________________
Moh A Mai lstgu g4s. 1091
Registered.............1003 M-S
[124* t28*| Cart A Ad 1st gu g 4s.1981
! 198* Feb* 091
Lax Av APF lstgug 5s /93{M- 8
N Y A Putlstoongug4s.,93
Registered ................ M 123* Dec’08
N Y A North 1st« 5s.. 1927
68* 68*
88* Jan.*99
Hex Cent con gold 4s... 1911 J - J
Lake Shore A Mich South—
1st ©on income g 3s... 1939 j ’lr l
121 Apr/08
Det Mon A Tol 1st 7sl908
9d con income g 3s.... 10a
w
Lake Shore drrtd 7s. 1899
102* Sale 102* 102*
Bqalp A e© g 5# ...
U
". 4 -0
Consol 1st 7a......1900
105* Feb’ 99
Mex internal U&o g 4«u’77 M- H 87* dale 37*
S7* 82 84* 87*1
Registered....... 1900
108
106
Mex Nat 1st gold 6*......1927 J -D;
Consol 2d 7s.........1903
116* Jan.’ 99
2d Inc 0s A Cp stmpd. 1017 ]M-84
............•
*
Registered.........1903
‘ 16* Jan.'99
2d Income gold 6s B..1917 Afl.ll
6* Dec *981
Gold 3*a........... 1997
08
108
Max North 1st gold 8s. .1010 J - D
97 Feb *97 •
»
108 Jan/99
Registered....... 1997
Registered....... ......1910 J - D
108* Deo'97
ClnA 8 1stgLBAMS7s’0l
Mich Cent. See S V Cent.
KA AGE 1st g o 6s. 1988
Mid of N J
S Y Bus A W
121 OcL’98
M El Ry A LBO-yr g 5e. 1933 V
U
Mahon Cl HR 1st 5s. 1034
105 106 106* 105* 10, 103* 105*
Mich Cent—1st o*yn 7slW0a
112
112
M L 8 AW. See Chic A N W
1st eon 5s............. ..1982
104* Deo’98
M A Ma»l. See Chic A N W
U
122* .
6s............................1009
MU A North. See Ch M A 8t P
122 Feb.*98
5s........................... .1931
121* J’ne’ 98
127 .
MU A Bt P. See Ch M A Bt 1
*
Registered.........1931
125*Jan/98
Min A Bt Lgu. See BO RAN;
108* Feb/98
Minn A B tL -U tg 7*..1027 J -D 146 158 H 6 Jen/00
4s........................... 1040
145 146
Registered .......... .1040
108 Jan.’98
1st cone gold 5e......... 1994 M-X 112* dale 114* U 2 *
* HO* 112*
Bat C A St lstgu g 8s.’8w
Iowa ex 1st gold 7s...1900 J - D
......... 195 Jan/00
125 125
107*
Sooth Weet ex 1st g 7*/10 J - D
127 137 N Y Ohio A St L 1st g 4s. 1937
1*7 Jaa/90
107 Sale 107
Registered..................1937
104 Nov'’ 98
Pacific ex 1st gold 4* 1921 A - O u o ....... u s Dec *98
N Y A Greeaw I.*ke. See Erie
M A P 1st 5# »t 4s lot go..'38 J - J
M83MAA 1st g 4s intga/26 J - J
. N T A liar. ScsNYCAUud.
MBtPABBMeon g 4s lcttgu’88> - J
J
NY Lack A W. See D L A W
. S Y L K A W . See Erie.
Mtnn Bt Ry 1st con g 5s-1910{ J - J .................
Minn Un. See 8t P M A M
.
N Y A Man Bch. See I^ong Is.
Mo Kan A Tex—1st g 4s 1000 J -D 94* Sale 04*
91* 95* N YAN K , see N Y N O A H
05*1
9d gold 4s....... ......... 1000 F-AI
48* 376 88* 71 [ NY NH A Hart Istreg 4s.’03 J -D *102* 104 104* Oct-’ tt
6«54 8*1.
•7*}
83
180 F e b ’ 99
Convert deb oeru f t ,000. A -0
1st exten gold 5a......104 4 M•N * 63
82
90
95 Feb ’ 99
60 86
177
177
Small eertfsflOO
M K A T ofT lattfAf 5e.’4* M- H 67 gala 87
90
87
S l ’ t Pee 1 »t g 4s.... 1000 F- A
1 26 * A uk'98
126
Feb ‘99
75* S9 I Housatonic R oon g 5s. 1937 M
Dai A wa 1st ga g 6s. 1940 M- N
88*i N U A Derby eon ds. ..1918
83
85
Booner BdgCoga g 7s.. ‘08 71-N
N Y A N E 1st 7s....... 1005
130* 122* 1 2 0 * Fob ’ Ol*
Teho A Neosho 1st 7s. 1003 J -D
1st 6s......................1903
H I * .... 1 1 4 * J an /99
Mo K AK lit sag 5s... 104i A - O' *108*....... 105
5
105
101*105 | Y A North. See N Y C A H.
Mo Pee— con g 6s, ..1930|M-Ni 114* Sale 113* 114*
lit
•B
16« filU M ] N Y O A W con 1st g 5i. 1939 J - l) 106* ioe* 1 00 * 106*
Sd7s.........................1008 M-K H i ..... 115* Jan/99
U 4 * 115* Refunding 1st g 4s.... 1092 M-81 106* Sale 1 04 * 105*
1 0 1 * N ov’ 98
Regis 85,000 only... 1002 M-8i
Trust g 3s................. 1017 M-81 91* Bale 01*
95
91* 96
Registered ............. 1017 M-St
N Y A Put. See K Y O A U.
lit coll gold 5s.......... 1020'F- A
88 93 N Y A R B. See Long Isl.
91 Sale 00*
91
................liNYBAW . See Erie.
Registered............. 1030 F- A
Pac R Of Mo 1st ex g 4s.'38 IF- A
107* Jan.-99
107*107* N Y Tex A M. See So Pac Co.
\V.
94 extended gold 5s. 1938; j - J ■lio* .
111* Jan.*09
n i g i u f l North Illinois- SwCht A N
T erdV IA W 1st g 5s. . ’2d; H -B
North Ohio. See L Krle A W
.
Leroy A C ▼AL l*t«5s M|J - J
Northern Paclflo—
Bt LA I Ml 1st exig 4*§/47 F-AI
•113 ...
115* Feb/99
105* 105* Geo 1st RRALGsf « 6s /» l
105* Feb ’99
id ext g 5s..............1047 >1-N i S f f i ::::: 106* Fob *99
ItegULered............1031
♦110* 116* 117 Oct ’98
106* 107*
Ark Branco sit g 3s. 1035 J - f) 106* Sale 106* 106!
131* Dec’96
129 ...
105* 106* 8tP AN Pgen g 6s...1023
Gen conry A id grt g 5* ’ Al :A - O n o * m * n o * it
Registered otfs....... 1923
130 8ep/9$
105 112 !
Genconstampgtd g 8s'3l A -0 110* 111* I I I * Jaa/9i
Prior lien r A 1g g 4s.. 1907
108* dale 102* 103*
110 111*
S
H
MGsRiTBdge. BssCbicAAU
Registered...............1907
100* gep.’W
Mob A Btrm prior Uen g 5s/45 J - J __
General M g 3s....... 2047
en
68* Sale 68*
88*
Small..............................J - J j ____
Registered .,..,.....2047
Wash Cent 1st g 4« . .1948
Income gold 4s........ 1043| - J ...,
J
09 Feb *99
Sm . . . . . . . . . . . . . . . . . . . . . 1 .....
eUI.
. Mor PucTer (Jo I*t«
t Ms
. 116 1)4 Feb *99
Mob A Ohio sew gold 8*., *27 J-D| 198 ..........186 Jaa/09
...................
125 128 Nor Ry Cal. See Cent Pac.
_ ,.
1st extension gold 8e. 1027Q- Jt .........
118* r»b. '99
118* 118* Nor Wla. See O St P M A O.
102 J’ne’98
32* 37* |Nor A South 1st g 5s.... 1941
General goid 4s......... 1033 M -* 86* Sale B
6*
87u
MontaornDTr 1st* 5s. 1947 p . a 107 Bale 107
107
130
106 108 [Nor A West gen g 8s.... 1931
180 gale 180
New River 1stg 6s,.,. 1082
Bt LA Cairo go g 4s 1071 4 -J .............. . .
123 Nov’98
117* Aug’08
I Imprvmt A ext g 6s..,103i
!
Mohawk A Mai. S NTCA H
ee■ CCA T i l gn g Sa....l032
Monongaii ei* Rif. See BAG!
101 Feb’97
(! m o VAN E 1ttgu gis. 1980
Mont Cent. See B P M A M
t
07*
97*
N A W Ky 1st con g 4s. 1096
Mon tank Ext. See Long la
02*
02* gale 92*
Registered ............. 1006
Morgan’s La A T. See 3 PCa.
!
MonHAEwsx See Del LAW
Small....................... 1096
ashChat A BtL 1st 7* ‘ 18 i - J 132
138 1S2* Nor A Mont. See N. Y.CetiL
132* 183*
94 6*................... 1001 J - J .....
/ j todAW. See COO A.HU
106* Nov'V i
1st con gold 5e.......... 1028 A- O ___ 109 108
I
!
103 * 121 108* * 108* V/hlo A Miss. 844 BAO0W.
ls t B iT A P b .......... 1917 J - J ...
102 Jan/98
Ohio Rlror HR litg 6sl.19SH
1st 6# McM M W A Al. 1017 J - J *115
...........
,1 General gold 5a.........1037
1st goldBsJasper Boh. 1933 J - J « i i 6
9 6ep.’98
...........
Ohio South.gon 1st g 4s. 1921
8* Rep.’0S
Nash Flor A 8heL See L A S
Eng Tr Cooenfs.,........
New HAD. See NT If If A l! I
Om A S4L 1st g 4s....... 1901 J - J
85 Fob’ 00
» J June RfL See N Y Cent! Ore A Cal. See 8o Pae Go.
N J Bonfchern. See Cent N J.
!Ore Ry A Nav lstsf g 6s. 1909
110 . . c - 110 Fob’99
New ACIn Bdxe. See Penn Co;
Ore RttA Nav con g 4a . 1946
102* 10S* 101* 102*
N O A N BpriorH«C g6«.19t5 A-07 ...............
Ore Short Lint Utg»3s.l922
129 Feb'99
......129
N Y B A Man Bob. See L I.
'I UUh A Nor 1st7s...... 1908
121 J’no’9*
♦,......123
N Y Bay Bxten Rft. See LI.,
j
103 May'97
1026
Gold 5........
H Y Cent A H i t - 1st 7a 10031 - j| U 6* Sale 1 1 6 * 116*
J
! UH1175, )r»Si, I.—l.toon * 8,...l#4fl
Ml 111* 111*
Registered............. 1903 J - J>| 18
.... 1 1 * * Feb 90 ..
8?-*
30
1 1 4 * ll7 * i Non-cuui lac A 5s...... 1946
, 90
Debenture 5sOf. 1884-1904 M- $ •U 3
4
71* Feb ’09
110* 113*
Non-co Inc B A col tr. -1046
1 1 8 * Jan/99'| ..
Registered ....1884-1004 M -8U 18
113* 113* ! Iswago A Rome. See N Y
1 13 * Jan/09, ..
Reg deb 5s o f.. 1689-1904 M- S** 113
....... ..
IMO FA St P. See C S ft
t
1 0 9 * 8ep/97i ..

319
Mange
since
Jan. 1.
Low.Sigh,
105* 10 7H
110H 11214
U1J4 113J4
99H 1025),
93
9(j 14
98 102
99W 9 9 «
108 108

1O 106*
0K
110W113
1 0 9 « 118

M

102X 10254

108V 10fi)4
,
108J4 1(0
u e > ile x
4
n o* nag
10« 108

108 108
1,1)4 11*

108

108

178
172

180
177

120
114

180«
114)4
106)4
108 H

14)4 ue
101)4 108)4
«7)4 "id "
na

90

92
116

130

130

00)4 97)4
88)4 »8M

N

rv-sne. ttnamti D m , »r« I i 4 « t , i K 4 n k t ) lull » M l

O U T S ID E

S E C U R IT IE S

(G

Franklin .

.

4

2

« o ii A Stock.................... ! 117*
Bonds....................... j 90
Hudson River Telephone
65
iatem etlon O c e a n , . , 115
Mexican T eleg ra p h -....,,, 200
Mexican T «fe p h o n «....l0 ;t 1 *
New »n g Telep—See
loa list
Northwestern Telegraph -j 115

» Y a N J Telephone. . . . 1 157
5s 1920.................MANj 112

F eei& eA A t le a t t e ,.,,.,..)

76

at

l« .

koot

i 1)4-,J„ i,

or 7

IU 0
»Jut,.j.

c o n s e c u t iv e

;r u ,\ li

- Duo S ot.

paces).—

88

108 HIM
88
89)J
80)4 74M

» THe»o #r» optloa ■sisi.

' E L t & E L E Q T R I O , & c.

Eloatrlo Companies, Bid. Ask,
Toronto (Can) Elec Lt Co. 135 136
H J Thom -Honst Welding Co. " i s ” 100
18
4c.
8c. Unlted ITlec Lt&P Co pref
* 90^ 97*
Electric Companlsn,
; Allegheny (o L i g r Co.. 166 175
ght ‘
General Electric C -N V Stock Exob Woonsocket (It I) Bl Co.. 108 105
*
*“ ^ / O
50 I Do prof.—See Boston f, 1st.
43
Brush Klectric Co
Ferry Companies.
205 | Br’dgprt (CtJ Bl Lt Oo.25 t 40
' Hartford (<3t) Klee Lt Co. 130 HO
6 Brooklyn Ferry-gtock... 88)4 89
to ! Hartr dcCt) LtAPowCo86
1* Consol Rlectrio Btoraste..
»
22* 84
{ 99)4 99
1 Eddy Electric Mfg C0..25 t 13)4 15
....... Edison EMI1 Co NY-N Y 8toc* Exch
61 Metropolitan Ferry—5s.. 108 110
60
Do preferred..............
\ ,] N Y Ferry Stock..
Exoh
160
Edison Kl III 00 Brk—N Y
1st 5s 1948............JAJ flOB 106
6 | *«w ~H (C* . E oc Lt Co 185
115
Edison Ore Milling Co,.
4
av
IAnd Interest. fPrico per fib are.
24
80 i Rhode Island Elec Pro :o. xU S* 125
80 I: Edison Storage Co.......

As k.
T e l e f ____________. _ j Bid jAsk- | T e le g
. 3c T s le y b
B r i? T e ie g A T eisrp.— Nrrl H o s t

iy b n

t M

80

110 118)4
tOOX 108
12H 182

LUt
60

Bid. Ask.
95
Southern A Atlantic,
00
Weet’n Union Tel©*—N Y 8look Bxoh
A: Teleph^_

Electric Companies.
East End Slot trie Llglif
Eteotrr, - Pneo mat Ic.........
Port Wayne Riec. Co ,25

Bid. Ask.

1 H E

320
BONDS.
I.Y.8TOOK EXCHANGE
Wbkh. Ending F eb. 17

I?

C H R O N IC L K -B O N D

Range
since
Jan. i

Price
Friday,
Feb. 17.

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

BONDS.
N.Y. STOCK EXCHANGE
Week Ending F eb . 17.

If

Price.
Friday,
Feb. 17.

[V o l. L x v m .

Week's
l©
Range or i~ l
Last Sale. ,p *
q

Range
since
Jan. 1.

Bid. Ask. Low. High. No. Low.High*
Bid Ask. L ouj. High. No. Low. High
104* Oot/97
105 107 Sav F A W 1st con g 6s. 1934 A-O 127
107 Feb’99
ac Coast Co—1st g5s. 1940 J -D
latg 5b............... .....1984 A-O li 9
125* 125* 10 125* 125*
aoof Missouri. See Mo Pac
Scioto Val A N K. See Nor A W
Panama Istsfg 4 * s---- 1917 A- O 103
104* Feb.’9b
Seab A Roa 1st 5b.........1926
M-N
8 f subsidy g 8s........... 1910
c
I.
114* 110* Sea S B Bdge. See Bklyn H
Penn Co m 1st ft 4 * s .. .1921 J - J 114 110* 114* 115*
u
Sod Bay A So 1st g 5b. .. 1924
J
110 J’ly’O
b
Registered............... 1921 J - J
102* 100
So Car A Ga 1st g 5b. . . .1919 M-N 103* Sale 108* 104
102 Nov’98
M- S 102* .
Gtd 3 * soo 1trust reg. 1987
Southern Pacidc Co—
POC A 8t L oongug 4*s—
107 Jan.’9*
A
114* 114* Gal liar AS A 1st g 08.1910
114* Jan.’99
Series A....................1940 A-O 116 .
110* Feb.’99
110* 1 10*
2d g7a..................... 1905
D
lie * l i e *
110* 116*
Senes B guar........... 1942 A -0 110
104*
100* 104*
Mex A Pacdlv lstg 5s.’31 M-N 104* Sale 104
113 Nov’ 98
Senes Cguar...........1942 M-N
Hous AT O 1st W A N 7s.’ 03 - J
107 Dec ’98
Senes II 4s guar......1945 M-N ,107
110* Jan.v09
1st g 5s lnt gtd....... 1937 - J i i o *
iio * i i i ”
107*107*
107* Jan.’99
PltteCiu A StLlst 78.1900 F- A
...... . 112 Dec’9b
Ill
Con g 0s lnt gtd......1912 - O
109* Apr’97
Registered............... 1900 F- A
90
87* ” 90*'
Gen g 4b lnt gtd......1021 A-O 89* Sale 89*
*188* 138*
138* Jam’99
J-J
Pitts Ft W * C 1st 78.1912
Morgan’s La AT lstg 0s.’20 - J
120* Feb.’9b
141 Nov’ 98
9d 7s........................ 1912 J - J
130 ” 189*’
1st 7s.......................1918 A-O 187 ....... 139 Jan.’99
3d 7s........................1912 A-O*
NYT AMexgu lstg 4s.’ 12 A-O
112* Apr’ 97
C StL A P letoon ft 58.1932 A-O
97 100*
100* Jan.’99
Ore A Cal 1st gtd g 5s. 1927 - J 100
Registered.............. 1932 A- O
79 Sale 78*
79 108 77* 81
S A A A Pass 1st gu g 4b.’43 J -J
107*' May’98
Clev A Pitts con s f 7b. 1900 M-N 100* .
110 Dec’98
Tex AN O 1st 7s........1905 F- A
121 .
Gen gu k 4kisser’s A. 1942 .1 - J
Sablnediv 1st g 0a..1012 M- 8 *109 ....... 100* Nov’9 ;
Senes B.................1942 A- O 121 .
Con g 5s.................. 1943
J 105* Sale 105* 105* 55 102 105*
Brie A Pitt gu g 8*s B.1940 J -J
109*112
112 Feb’ 90
8oP of Argu lstg0s.’O9-lO J! 114
Series C ................. 1940 J - J
S P Of Cal lstg 6s.’ 05-12 A-O
118* Dec’98
Gr RAl ex 1stgug4*s. 1941 J -J *110 115
102* Nov’98
1st con guar g 5a. .1937 M-N
102 Nov’97
1
A1egh Val gen gu g-Ib.1942 . 1-8
1
10b 107*
107
Stamped..........1905-37 M N 107 Sale 107
N 4 (' Bdgegen gu g 4*s.’45 J -J
90
93
98
A A N W 1st gug 58.1041 - J 98 Sale 07*
108 May’97
Pent RR 1st real es g 4s. 1928 11-N
8 P Coast 1st gu g 48.. 1937 - J 80
J -J
Con sterling g 6s....... 1905
113* Nov’ 98
S Pacof N Mex 1st gSsJll - J IIO
Con currency 6b reg... 1905 Q-M1
io » * i o e *
South Ry—1st con g 5s..1994 - J 100
105* 100
Con g 5b..................... 1919 M
08 Oct.’9H
Registered...............1994 - J
Registered................1919
107* 107*
107* Jan.’99
Mem Dlv lstg 4-4*-5b1990 - J 107* ,
Con g 4b..................... 1043 $I-N
Registered..............1996 - J
Cl A Mar lat gu g 4*8.1935 11- N
107* 107*
107* 107*
K Ten reor lien g 4-5b.1938 H 8
115* Feb.’l
IDN J RH A Can gen 4b 1944 11- S
.
Registered.............. 193S M-S
0 R RHA Bge lstgu 4bg.’3« F-A
112* Aug’9
AlaCen It lstg 0s.... 1918
J
8un A Lewis 1st g 4s 1980 J -J
Atl A Ch Air Line lno. 1900 A-O
PeiiBuOoia A At. SeeLANash
98
Col A Qreenv 1st 5-08.1916 J - J ------ 120 118” 8ep.V
Jan.’09
Peo Dec A E lstg 0btr reo.’20 - J
104* 104*
BT Va AG alst 7a....1900 J - J 1 0 4 * ...... 104* Feb.’S9
Feb.’99
94*
Brans Dlv 1st g0strrec.’2O -8
114* 110*
Divisional g 5s........1930
20 Dec ’98
2d g 5s tr rec 1at pd.. 1926l M-N
J 110* Sale 116* 116*
115 110
110
Con 1st g 5a.............1956 M-N ‘115 ...... 11«
Peo A East. See C C C A 8t L
124 124*
124* Sale 124* 124*
Qa Pac Ry 1st g 0b----1922
121
120 May’98
Peo A Pek Unlstg 6s.. .1921 Q -F
J
110 119*
Knox A Ohio 1st g 08.1925
00 Sep.’98
2d g4 *s........... Feb., 1921 M-N 90
J 117 ...... 119* 119*
123 123*
Rich A Dan con g 0b. .1915 J - J 123 124 123* Feb.’1 *
137 Nov’97
Pine Creek reg guards.. 1982 J -D
Bquip sink fund g 5s. 1900 M-S 100 105* 101 NovV
Pitt s Cln A St L. See Penn Co.
104* Dec’ 98
Deb 5b stamped......1927 A-O
P C C A 8t L. See Penn Co.
L10 111
Virginia Mid gen 5s... 1930 M-N 111 Sale 111
111
107* Oct.’O
S
Pitts CJev ATol lstgds. .1922
110 Dec’ 98
Gtd stamped.........1080 M-N
Pitts A Connellsv. See BAG.
04
04
94 Jan.’99
W O A W 1st cy gu 4s.l924 F-A
PltteFtWACb. SesPennCo.
118* Dec’ 98
West N C 1st con g 08.1914
Pitts Jnno 1st g 6b....... 1922 J - J 119 124 121 Nov’98
J
SAN Ala. See L A N.
Pitts A L Erie—2d g 5b .. 1928 A-Ol
Spok Falls&Nor lstg 0s.l989 - J
PlttB McK A Vo—lBtgu6B.’82 J - J
Stat Isl Ry 1st gu g 4*8.1943 -D
2d guar 6s.................. 1934 J - J
Sunb A Lew—See Penn RR.
AScKeeA B V Istg0s.l918 J -.I
S
Syra Bing ANY. See DLAW.
90 Oct.’O
Pitts P A F 1st g 5s......1916 J - J
111* Dec’98
Pitts 8h A L B lBt g5a.. 1940 A-O
113 Jan.’99
113 113 rre r A of St L 1st g 4 *s.’39 A- O
J 1st con gold 5s. 1894-1944 F- A
L
J’ly ’97
110 Dec’98
lit oonBol gold 5s......1948 J - J
St L M BgeTergug 58.1930 A-O
99 Feb’99
90 .
108 Oct. *97
Pitts A West 1st g 4s... 1917 J - J
99*
98
98*
99-% Feo ’ 99
J P M A Co- certfs.............
98* 99* Terre Haute Eleo Ry g 0s.’ 14 Q-Jt
Tex A N O. See So Pac Co.
Pitts Y A Ash lstcon 5sl927. M-N
105* Dec’ 98
e»ding Co gen g 4s... 1997 J - J 88* Sale 67* "98*
85* 89 TexAP Ry Bdiv lstg 08.1905 M-8
lat gold 5b................. 2000 J -D 111* 111* 111* H I* 13 low* U S *
Registered............1997 J - J
51*
50* 808
2d gold lno. 5b, Deo...2000 Mch. 50* Sale 50
Rent-seiner A Sar. See II A H
126* 125*
125* Feb’90
Third Av 1st gold 5s... .1937 J - J
Blob A Dan. See South Ry.
104 100
Rio Gr West 1st g 4s.... 1989 J - J 03* Sale 93
94* Tol A O C lstg 5s........ 1935
100 Feb.’99
93* 52 91
J
Rio Gr June lBt gu g 5s 1939 J -D ......102* 102* Feb.’90
West’n div lstg 5b....1935 A-O
102* 104*
102 Dec’98
. 100
Rio Gr So l»tg3-4s......1940 J - J 72* Sale 72
General gold 5s..........1935 J - l )
7**
72
72*
80
85
*85
Roch A Pitts. See B R A P.
Kan AM 1st gu g 4s. ..1900 A-O
85*
78
70
78* 80
Rome Wat. A Og See NY Cent ,
79
79
Tol Peo A W 1st gold 4s.l917 J - J
92 100*
105*
j^altLakeC 1stg b! 6s. ’ 03-13 J - J
T S tL A K O lstg 0s tr. 1910 J -D 105 Sale 105
99 101*
HJoAGl 1St g 2-3-48.. 1041 J -J S3* .
lster A Del 1st og 5s. 1928 J -D ....... 100
100
83*
88*
100
83
84
Bt L A AT H. See Illinois Cent.
nlon EIbv. See Bklyn Elev
Bt L A Cal. See Mob A Ohio.
Dn El (Ohio) lat g 5a....1945 A-O
102* 106*
Si L A Iron Mount. See M P.
Da Pac—RR A 1 g g 4b. 1947 J - J 104* Sale 103* 104*
Bt L K C A N. See Wabash.
Registered.................. 1947
99* Oct.*9b
J
07* 08
B ^ M Br. See T RR A of StL
t
68
Un. Pac— Co ctfs g 4*s M-N
Tr
88
87* 02*
StL AS F id a 0sCl A ..190* M-N 114*
87*
114 Jan.’ 99
D P DAG 1st c g 5a trrc.’39
114 114
67*
tdgold 6b ClaBSB...... 1906 m -N 114*
114* 114*
114 114* Uni N J RR AC Co. See Pa RR
M-N
2d gold 6b Class C......1906 m -N 114* Sale 114*; 114*
M-N
114* 114* Utah A North. See Ore S L.
1st g 0b Pierce C-A 0..1919 F- A
Utica A Black R. See NY Cent
General gold 0s..........1931 jJ -J 123*
-J
123* 128*
er Val Ind A W. See Mo P.
122 124
General gold 5s..........1931 J --J 109 Sale 108* 109*
irginia Mid. See South Ry.
J J
107 109*
113 115*
1st trust gold 5s.........1987 A-O 105 Sale 105
ab RR Co lstg 5b. .1939 M-N 115 115* 114* 115
105
A-O
105 105
04 100
90* 97
2d gold 5b.......... 1939 F-A
FtBAV BBdgl8tg6s.l9H. A -- 0 107*112 105 Oct.’O
97
O
90*
Kansas Mid 1st g 4s.. .193^ J -D
Debenture series A .... 1989 J - J
33* 38*
StL A 8 F RR g 4s.... 1996 J - J 87* Sale 87
j _
37* Sale ’ 35*
87*
Series B....................1989 J - J
87*
87)*
82
Southw Dlv 1st g 5b... 1947 A- O
‘ “
105* 109
lstg58Det ACbExt.. 1941 J - J 1 0 6 * ....... 107 Feb’ 99
98* Feb.’Q
i*
98*
98
8t L So. See Illinois Cent.
109* 109*
StChas Bridge ls tg 08.1908 A-O I l l ....... 109* Jarn’ 99
StL 8 W 1st g 4s bdefs. 1989 M-N 92* 8ale 91*
93
93 Warren RR. See Del L A W
2d g 4» lno bond ctfs.. 1989 J-JS 55* Sale 54* _ 5 f*
55* Wash OA W. See Southern
Bt Paul City Cab. c g 5s. 1037 J - J 100 ......
108* 110*
West N Y A Pa—1st g 5s. 1937 J -J 109* .
110* 110*
Guaranteed gold 5s... 1037 J - J
51
58*.
57*
Gen g 3-4s.................. 1943 A-O 1 57* .
57*
BtPaul A Duluth 1st 5b.1931 F-A 120 125 120 Feb ’99
17
Income 5s— April, 1943 Nov.
120 122*
17
l t « 17
2d 5b..........................1017 A- O 113 115 113 Feb’ 99
113 115 West No Car. See South Ry.
1st co g 4b............... 1968 J -D 9 7 * ......
Western Pao. Set Cent Pac,
BtPaul & A M 2d 6a.... 1009 A- O 1 2 3 * ...... 124 Dec’98
i
W Chic 8t40-yr 1st cur 5s.’ 28 M-N
Dakota ext gold 0b— 1910 M-N 124* 120 125 Feb ’9w
124* 125* 40-year con g 5s.........1930 M-N
1st consol gold 0b......1933 J -J 130 ...... 138* Jan.’99
138* 138* West Shore. See N Y Cent.
Registered............. 1938 J -J
W Va A Pitts. See B A O.
Reduced to gold 4*s 1038 J -J 118
US US
\ Jan.’99
113* 113*
112*118* W VaCent A P lstg 08.191 J - J
Registered............ 1938 J - J
106* Mar’9H
104 105
Wheeling A LE 1st g 58.1920 A-O
1 Jan.’99
adont Ext 1st gold 4s. .1937 J -D
Trust Co certificates..........
105* 105).'
104* Dec’ 98
104*105*
Registered............... 1987 J -D
Wheel Div 1st gold 5S.1928 J - J
104 Jan.’9!
100 8ep.’98
104 104
Minn Unlon 1st g 6s... 1022 J -J
Exten A Imp gold 5s.. 1930 F -A
122* Jan.’96
93* Mar’9b
Mont C lBt gu g 0b. ... 1937 J -J 134* .
Wilkes A East. See N Y 8 A W
130 Oct.’98
Registered.............. 1037 J - J
115 Apr’97
Wil A Sioux F. See St P M A M
1st guar gold 5s......1937 J -J
115
115
Winona A St P. See C A N W
113*115
Registered...............1937 J - J
34 Not’ 97
Wls Cent Co 1st tr g 5s .. 1937 J - J
KM lstdlv lstgSs... 1908 A -O 112* .
70*
I l l * Jan.’9
Engraved trust certificates.
09* Sale 67*
70* 800 58
111* 111*
Registered............1908 A -O
10*
8
IncomeSs...................1937 A-O*
9 * Sale
8*
10* 134
N ordivlstg4s.......1048 A -O
Registered............194 A -O
GAS A ELECTRIC LIGHT BON
Will A SF 1at g 5b....1938 J -D
Atlanta G L Co 1st g 5s. 1947 J -D
118 Aug’98
Registered...............1038 J -D
Bos U Gas tretfs a f g 5s. .’89 J - J
91* Oot.’ 98
i t P A Nor Pac. See Nor Pac
Bklyn U Gas 1st cong53..’45 M-N
18 110X118*
117* 118
St PA8’xClty. SseCStPMAO
ChGLACCo. See P G ACCo
8 Fe Pres A Pb 1st g 5s. 1942 M-S
Columbus Gas 1st g 5s.. 1932 J - J
Bt a A A P. See 8o Pao. Co.
Con Gas Co. See PG ACCo.
Bt F A N P 1st i f g 5s... 19191 - J *109 110 X00* Oot.’97
J
; 9 5 * 9 iX
Detroit City Gas g 5a. ...1923
90
90
•No price CriSayi latex old and aaked ten ireeic. t Duo j naa. iDae.July. j| Duo idaroa. (Dao Jan. (Bondida* Nor. aTheso are option sales.

P

R

U

V
W

O U T S ID E

S E C U R IT IE S

(G

iv e n

at

foot

frrrry Com panies.
Bid. Ask. 1 M iscellaneous. Par.
N Y A K K Ferry—
Stock. 74
70
Am Air Power of N Y. 100
Bonds 5s of 1932 MAN $ 98
99
Amerlc’n Axe A Tool .100
N Y A doboken—Stock.. 50
58 | Amer Bank Note Co.. .50
1st 5s 1949......... JAJ
07
98
American Beet Sugar....
8 1 4 8 B Trans A Ferry 26
30
Preferred....................
Bonds 5s of 1900 MAN $ 88
92
American Brake Co. .100
loth A 28d Sts Ferry...... 88
92
Am Car A Foundry.......
lstm o rt 5s 1919...JAD 3104 106*
Preferred ...... .......
Union Ferry—8tock.......
44* 45*
Subscriptions............. .
1st 5s 1920.......... MAN 5X04 105
Amer. Caramel—
Com__
I Buyer pays accrued inter© st.
Preferred....................
t Price per Bhare.
Amer Malting Co—See 8f
Amer Press ABsoc’n ..100

of

7

Bid. Ask.
07
09
20
31
t 43
45
41
43
22
84
in
117
81
32
70
72
ICO 102
50
00
100
ock E
99 103

c o n s e c u t iv e

pages).—

FE R R Y

M iscellaneous. Par. Bid. Ask.
American Screw....... 250 tll5 140
10
Aru 8odaFoun—Com. 100
1st preferred .......100 53
58
20
2d preferred........... 100 12
Amer 8teel A Wire—See St’ck Exl’t
American 8urety....... 50 188
Amer Tin Plate—Ste Stoc k Ex. List.
Preferred—See Stock E xch. L 1st,
Am Typefo’ra—Stock. 100 53
Amer Sewing Machine. .5 t 2
Amer 8trawboard....l00 38« S3*
Amer Wringer com... 100 101 102
114
Pref....................

M IS O E L L ’ S.

M iscellaneous. Par. Bid. Ask
Amer Graphophone.... 10 t IS* 13
14
Preferred................10 t is
12
Anderson (John) Tob.100 11
4
Automatic Vending... 10 t 2*
BarneyASm Car-Corn. 100 34
28
Preferred.............. 100 88*
0s 1942................. J&J 103
Bergn A Eng Br—Sec Phi Llist.
107
20
Blackwell's Durh Tob.25 t 13
Bliss Company—Com..50 t 56
02
65
Preferred................ 50 t 60
Bond A Mort Guar... 100 225

Febbuaby 18,1899.]

TH E

C H R O N I C L E — BOND

P ixIC E S C pages) P a g e 5.
o

Range,
Price
BONDS.
Friday,
since
Feb. 17.
Jan. 1. I N. Y. STOCK EXCHANGE 11
Week E nding Feb l "
Bid. Ask.
Bid. Ask. Low. High. .Vo. Low High
94 Aug'98
PI Valley Coal 1st g 6s.. 1920 M-N
Det Gas Co con 1st g 5s. .1918 F - A
U i * ’ 112* Procter A Gamb 1st g 0s. .‘40 J - J
113U Feb '99
9 d K1 I'll 1st conv g 5s. .1910 31- 8 114 .
122* Feb’99
120* 12 i * St L Ter Cupples Station A
lit con g 5a.......***.. 1995 J - J I 3 i« .
113* J’ne-97
Prop Co 1st g 4*8 5-20 yr’ 17 J -D
Id El 1 1 B’ klyn 1st g 5a.1940; A- O u i w .
1
3 Yuba Wat Co con g 8s..'23 J - J
B artered.............
* A- O
3p Val Wat Works 1st 0s. *06 M- 8
Bq Gas LN Y latcoag5«..’ 82 M-S
Stan Hope A T 1st g 0s.. 1946 F-A 83 Sale
Xq a A Fuel. See P Q * C Co.
Income g 5s................ 1948
109
31* Sale
Gen Elec Co deb g 5s... 192*2 J - D
, H5J4 114 Feb *99
Sun Ck Coal 1st g s f 0S..1912 J -D
Gr Bap G L Co 1st g 5s. .1915 F-A
Tenn Coal T DIt 1st g 6s. 1917 A-Ol *107 ......
K 0 Mo Gas Co 1st g 5a. 1922 A-O
Blrm Dir 1st con08...1917 J - J 107* Sale
108
107 108*1
Lac Gas-L Coof StLlstg 59-19 Q-F* ...... 108* 198
Cah C M Co 1st gn g 6s..’ 22 J -D
Bmatl bonds...............1919 Q-FJ
De Bar C A I Cogu g 6s.‘10 F~ A •101 102*
Mat Fuel Gas Co See PeopQaa
111 Nor’97
U S Leath Co s f deb gOs.’ IS M-N •117 ...
Pee Gas AO lstgugds. .190LM-N
10514 Dec f98
Vt Marble 1st s i 5s...... 1910 J -D
3d gtd g 6s............,,1904 J - D
185
125
West Onion deb 7s. .1875-00 M-N
9 124 125
lat consol g 6s............ 1948 A- O
106 Dec’98
Registered........ 1875-1900 11-N
Refunding g 5s.........1947 M- 8
Debenture 7 s ... 1884-1900 II-N
Boglaterod......... ... 1947 M- 8
Registered......1884-1900 11- N
.. jlO«* 111*
Ch G-LACke 1st gug V 8 7 J - *
1
lo l^ Feb’ *9 ..1 0 7 * 109
Col trust cur 5s......... 1938 J - J
OouGCoofCblstgug5s'30 J -D 108
, 107 105* Ocu'96
Mut On Tel s Cd 6s... 1911 11 -N
f t j O i FCh lstgug6s.'05 J - J •
Northwestern Tel 7a,...‘04 J - J
Mu FuelGaa 1st gug5.1947 M-N .... . 107* 106* Feb.’99
101 Mar’98
Wb L E A P C Co 1st g 5s.‘19 J - J
Wsatn Gas Co col tr g 5a„.’38 >!-N; ...

BONDS.

H.Y. STOCK EXCHANGE i t
W eek Ending F eb. 17. *$5

Price
Friday.
Feb. 17.

Week's
Range or
bast Sate.

MISCELLANEOUS BONi DA
A dams Ex— trg 4s.l94$ M -3 ... . 10«H 106* 106*
Col
108 Feb *99
JjLxq Got Oil deb g Ss...l9OO|Qa-Fj*l00
Am Dk A Imp 5*. SeeCen NJ
37*
38*
i spirit* Attg 1st * os. IW M- N 8 ? * . .
15
......
ar A 8 Car Co 1st g da. 1942 J - J ;
88
k-nWAWH Istg 5s 1945 F - A 86 Sale | 80
ahCoal Mia. SeeTCliR.
109* Feb'97
hie Jc A 3t Yd col g 5«. 10l5jJ - J
Non-cam. Incomes 5a I907J - J
Ota*rt Bit Coal. A s N T C lH
100* too
100
Col C A l lit con g ia.,.1900 F- AI *
GolCAl DevGjgug5s..l9O0jJ - J j
Coupon off....... .
. ....
103 Nov*0«
Col Fuel Co geo gold 6s. 1919; M-N!
80*
Col F A 1Co gen a t g 3s. 1943 V- A 86* Sale 80*
103* Nov’9»
Com Cable Co lit g 4a...2397 o J
104 Feb. *98
Register*d ....
.....2397 Q -J
OBardel CAL See TCAl.s
el A H Can. See UB bond#!
22
22 Feb *90
Dot MAM Id gr3*» 3 A.19U A-O • 20
n o J*n.‘9u
B n«T A Teoltrgif5a..l926 J - J •
05* J*n.'97
Gt BIt Coal AC lat * 0s.1019, A-O
Hack Wat tt» r Ut g 5s. 192* J - J
Hoad B Co Ut»fgda..S831 m -8
111 Aag*07
Hoboken LA lg 5 a .....1910 M-N
|U Steel Co deb 5s......1910 J - J 1u.Y*....... 00 Jen.'Ob
A Noo-OOGT debar. 5s... 1918 A- O
;
70 Apr’97
Iron Steamboat Co 6» ... 1901 J J
Jeff A Clear C A 1 let g 5s 1926 J -D
80 Mar’07
94 « Se... . . . ............. 1936 J -D
Kalck lee (Chic) Ut g to. I <4» A - O ................. 90* Feb ’09
ad Sq Garcrat*tgfi*.l9ltf M-N
102 J’ly ’97
•tT AT lett f g5s. 1918 >1-N
Registered................ 1918 M-N
Mich Pen Car Co let g 5*.‘42 M- 8 loY* 8sU«T 103” Vo3*’
Mot Ca Tei Co. See Wa Un.
at StarchMfgCo 1*tg0*’2O M-N > ....... 103
100* Feb.’99
apt News SAD D 5a 1990 J -J!
N T A N J Tel gen gS*cy/90 M-Nj
I n Ont Land 1st g 6*. 1910 F- A I
NoWeetuTeleer. SiiW atCn.
i* o na Wat Co g 0s.. 1889-19 M-N

B
O

D

M

321
Week's
Range or
Last Sale.

12

Ra7ige
since
Jan. 1.

Low. High. Ho. Low High

101
86
38*
105
107*

Feb ’ 97
88 238 8 4 * 9 0 *
31* 715 3 3 * 317*
106
101* 106*
101 no
107*

102* Feb’99
117 Jan-’O
S
103
105

98 105
110* 117

Nov’ 98
Mar '98

115* Jan.*
I ll Nov*98

O. 8. GOV. SECURITIES. (For datty record see seventh pa
0' 104* 100* U 8 2s registered. ... Optional <J- M
09 Feb.*99
107 107* 107
107*
... Uo« 1081* US 3a m
1mregistered.......... .1918
107 Sale 100* 107
V 83s coupon ..........1918
61 85* 88* U 8 4s registered...........1907
Jt U 2 * U 2* 112 < Feb‘99
4
....i ..... .....
U 8 4s coupon...... ......1907 t. Jt 112* US 4 112H US*
4 68
*3* U 8 4s registered...........1925 Q -F L27* 12H* 128
128
U 3 4s coupon.............1925 a - F 127* 198* 128* 128V
... ...... ......... U S 5s registered........1904 Q- F 111* 112* 11 H Feb
U S 5s coupon.............. 1904 Q -F 111* '12 118 Feb’ 99
0 3 4s regcertelCberokeepOP Mch 103 ........
V 100 100
STATE SECURITIES.
Alabama—ClaseiA 4 to 5.1906 J - J 107 ....... 108* Nov’
Small....... .........................
...............,.105 Aug'98
5 86* 9Gh
108 8ep.*98
Class B 5s........ ........ .1006
J 107
104
N ov ’ 98
Class C 4s....................1908
J 1 00
Currency funding 4s...1920 J - J 100
Nov’98
Dial of Columbia—
3*65a.l924 F- A 118 ....... 118
Louisiana—New eon 4s~1914 J - J 109*110 108* Jan.'99
Small...... ......................
100* Mar’98
... 21
23*
Missouri—Funding... 1894-95 J - J
no no
Consol 4a... 1910 J - J 104 ....... 104 Nov’98
...... *•••*. North Car—
Small............................
I- J
0A
....... ........................1019 A- 0 130
128 Feb.'98
....
So Carolina—4*a 20-40.1933 J - J 104* .
97* Feb ’99
08
Tenn—New settlem’t 3a. 1918 i - J
99
99
J- J
Small
95 Feb '99
Virginia fund debt 2-3i.199l J - J 8 4 * 86* 80* Feb *9J
Registered............. ......... . J - J
0s deferred bonds.............
....
Trust receipts stamped---8
J a n .'9 9
oO
.... 08* V

112* 115*

receding.')
99
99*
106* 107*
106*108

in * 112*
113* 118*
128 129
12S* 129*
111* 111*
111*113*

IU8* 109*

96* 98
«5
95
82* 87
7*

S

UNLISTED BONDS.
Atch Coi A Pee *s tr ctfs...
0*
71
71 Fob’99
? ’• Dec’98
ids’ * io s ” Atch J Co A West 8s tr ctfs
98*
BAG pr lien 3**s (w 0.1925
98* Sale 04*
9 "* 99*
1st mort 4s (whenias).194t
t
103 104
99 100
99* 10‘>
99* 100
Col A South 4» (wbon issued)
80* Sale 88*
88* 87*
87
Comstock Tun tnc 4s.... 19IV M-N
4 Nov’ 98
................. Ohio A Miss con........
104 Aug’98
Second Are (NT) 1st 5s. 1909 M-N
109* Jan.'08
Pittsb A West Be tr ctfs. __
_
....
57* Oct. 98
• No price Fridayi these are iateet bid and asked this week, t Bonds due July : Bonds due May. I Bonds due April. |Bonds due January aThrse are opMon a
O U T S I D E S E C U R I T I E S (G iven at foot of 7 consecutive pages ). -B A N K S £ M ISCELL’ a

N

iUlecellftncout. Par.
As*
itillicellanee»». Per.' Bid Ask
ftllecellaneouM. Par. Bid
Term Wareh—Stock.. 100
Lawyers*Title Ins.... 100 145 it55
|UnTypew—1st pref .iuu 108 lu0
1st rt*....»..........
Liberty SU Mill*..... 100 60 ( 75
k
70 1 2d preferred.......... 100 105 108
Debenture 6s__ ___
Preferred............... 100 85 100
70
U 8 Glass—Common.. 100 28
Texas A Pacific Coal. 100
Lorillard (P)—Pref...100 110 120
75
0$
Preferred— ......... 100
Madison
G—
Stock. 100
l U . 19 0 S . . . . . . . . AAu
6
! U. 8. Oil—See Boston list.
Title Goiujfc Trust .. 100
2d 0e 1010.......... MAN) 25
35
325
U 8 Projectile Co..... 10o 90 100
Maine s
................ SO t 90
Trenton Pott—
Com.. 100
20 1 Wagner Palace Car... 100 190 193
4 *...
Preferred...........1 0 0
................
March A Miners’ 0 8....50,t 00
05
Welsbach Light—See Phil a. listChesebrotjgh Mfg Co. 100 325
Mach’nical llub-Com.100 37* 50
Trow Directory-New. 100
Westlngh Air Brake.. .50,tl 92 194
55
Union Switch A 8!gnal.50
Clafiln {II B>-1st pref. 100 v8
Preferred— .......100 80 100
40 ! Wlllliuantlo Linen Co..25 t 25
2d preferred...........100 vs
04
Mergcntbaler Llnot.— *e\ Bosto QlU
S
Preferred ...,,.....,.5 0
lt.
Worth’t’n P'mp-Com.100 87
42
Union Typewr —C o m. 10 0
Common— Stock Ex H
at93
25 1 Preferred ...............100| 103 105
Meriden BritanniaCd..25 t 80
Ciork Mile End Thr’d-100 75
Com..100; 40*i 50*
7*H Mtcb-Pen Car—
113 ;
Preferred...............100 100* 101*
Bid, Ask, 1 Banka.
Bauke.
Bid. Aik.
Bid. Ask.
Banka.
Color. A South 4i—See Sto ck Bx. IJst.
1st 5s 1942...........MAS 102*;.......
20
Minneapolis Brew tat7i. 105 1107
Coi ii / A Tot (wh
N. Y. CITY.
Manufact'rs. 200
Mercantile .. 170
Pref (when Issued!. ... 57* 58
Mosier Safe Co.........100
100 !
March Exch. 110
Mechanics*.. 195
Bondi 4* (when l»s*d). lo#H
Monongabel* Water...96 t 7*1 9 I Amortca*.... 370
•r
Am Exch.... 173
156 ...... 1 Mecb A Tra*. 250 200
Consol id Car Heal li.g. 1uo 40
45
Nat Blecuit—See Stock Ex, List.
400
Nusauu........ 280
Consol Firew'ka-Com.lOO
5
Nauonal Casket Co,. . 100 45 ,__
_
Aitor Place* 240
Mt Morris*.. 100
Nat City...... 330 345
Pr»tarred ...............) Bo 60
Natlrm Saw—
sU
Pref.. 100 ...... 35
Bowery*.,... 275 300 1Mutual*...... IC
O 125 North Side*.. 100 175
Con KanCSmeit A Uef.26 t 22 ! 25
National Surety......loo! ...... 101
195
Broadway.... 230
190
Nassau*...... 150
National Wall Paper. 100 65 j7 5
Consol Holltng rttock. 100 24
20
150
68
140
Cont In. Tobae.. C o ......... 20* A
O
N Y Loan A Im p......100, 50
Centra!....... 160
NewYork Co. 1450
17th Ward*. 105 115
-W
Preferred
---- - - 00* 0 U N Y Biscuit rt* 1911.MAS 114 117
300
90
Sprague....... 200
Crsn. c*' sb A £r. Bldg, 100 7*
New Jar Zinc A Don.. 100} 105
79
Chatham .... 300
235 340 20th Ward*.. 140 145
Diamond M*eeb Co... V
00 1 83*
N Y Air Brake—$*< N T 6 lock E xch.
4000
Union*......... 115
Electric Vehicle............
52 ; 50
20
Nteholeoa File C o......50 t 2i
185
70
WAllabout*.. 105
Preferred ..............
10 :
Nicaragua Construct.100
7
| 00
__ ‘ North Amor. 140
Easley Land................. .
40* City .......... 1450
90c.1 Otis Elevator—
Com ...... 40
150 175 Trust Coe.
Eppene Sm A Wiem..i00
80
89
Preferred ................
89* Colonial* — 150
N. Y. CITY.
140
200
Kastman Kodak Co... 100 too 110
Peck. Stow A Wilcox.,35 f la
Am Dep A L.
Commerce... 214
Park............ 400
Pegamoid, pref.......100 35
Km A Western Trans. 50 t 38* 40
55
Atlantic Tr.. 180 192
128
200
Fidelity A Caaualty... 100 250
Pennsylvania Coal... .,50, 340
Central Tr’et. 1750 1050
92
300
Fidelity A Dep<Balt)..50 t 70 ! 72* Penn. Steel—Se* Phlla l»s t.
Colonial...... 405
Plasa*.......... 385
Gsdreston Wharf—lit 5s. 09 {1.00
5s 1017.MAN-..................... . 100 i Bast River.. 130
Consolidat’d,
11th Ward*. 220
Prod Exch*.. 115
Geneaee Fruit...*,...100
0
Penn. Water—
Com....50
5
Republic — 170 800 Continental 230
German AmKenl E*J,100: 80 ...... Pbli A WII steamboat.50 06
70* Fifth Are*.. 2800
Farm Ln ATr 870
190
#!aco«eSug lief— Stk Exch'Hit.
See
4 1 Fifth.......... 220
Pneumatic Gun Car’ge-10
9*
Fifth Ave Tr 350
192
Goodyesu’ Shoe Mach..25 t 47* ...
Pratt A Whito—
Com-100
8 !' First (8t Isl) 9500
iH
Guaranty Tr 500
450
Gorham Mfg Co-Corn, 1Oo ...... too
Preferred ...........1 0 0 85
45
KnSck'rb’ok’r 800
135
165
Preferred .............. .100, 114 118
1 Car............
00* 56* Fourth ...... 175
Manhattan.. 180
Shoe A Le’th 98
Great Falls Ice-.........100 120
82
Preferred, ............. .
Mercantile .. 510
Hartford Carpet Co. .100 61
Procter A Gamble.... 100 250
Metropolitan 330
300
Beck-J ones-J Mill-Pf.IOO 59
Preferred ............... 100 180
N V L I A Tr 1350
Oansevoort*.
too State of NY* 110
1st rts t»22.......... MAS! 94
B.L.Perkins Horse 3h. 100
N Y 8oc A Tr 420
120
HerV Hall-Mar-Com. 100
3
40
Preferred............... 100 30
North Anuer.
German Am* 115
100
23d Ward*...
Preferred..............100 t2
31
Rubber Goods Mfg....... 30
Produce Ex. 215 230
Gorman Ex*. 235
Union........ . 250
Hoboken Land A imp’t,, 100
Preferred........ ............ 81* 83
Real EBtTr’t 220
Germania*... 350
Union Sq*.... 175
5« .
105
Rastefl A Erwin.....,,,25 f 64
StandardTr't 170
Greenwich*., 165
West Side*.. ......
latemetlonai Elevat.100 75
80
Safely Car Heat. A Lt, 100 120 125
State Trust- 280
170
International Navig.. 100 103 iOS
45
Schwarrcbiid A Sulxb.100 40
Union Trust. 1200
lYorkvllle*.. 190
Intemat. Paper— St'k Exch list. Semet-Solvay deb 5s...... 101 103
84*
USMtgATr. 240
Hide A L'ath 106
Bonds U s.....,..,......... 112
Simmons H’rdw-Com. 100 180 140
Umt. States.. 1350 1380
BR’ KLYN.
Internet!rmnj Pulp... 100!
Preferred..............100 122 125 | Home*......... 125 140
275
815
Interna? Silver—3** &fk. Kxcb. list.
Singer Mfg Co.......... 100 425 445
Broadway* 190 200 « " ■
81
Do
do
pref.
84
Standard O il,,,.........100 xi71 474 ! Imp A .Trad. 500
Brooklyn* ... 125 130 Brooklyn Tr. 400
List. Irving ----- 150
Do
do bonds-Ul 07
109
Stan. Dtst. A Dis.—See 8to ok Bx.
95 Franklin .... 22rt 285
Iron Steamboat....... 100 ....
Stand Und’rg’4 Cable. 100 132
10
Liberty ....... 160
15th Ave*.... 104 107 Hadillton..., 295
JAJ
6s 1901......
Slot* lASlst rts 1917.FAA 93
60
Kings Co..... 390 400
385
John B Stetson—
Com. 100 75
Southern Cotton Oil.. .50 f 45
Fulton*....... 180 200 L Isl L A Tr. 250 ^50
Manhattan* , 220
Preferred . . . . . . . . . . 100 105 lib
Stat Isl RT 1st, 0t'18AAO 107
Ger Amer*.. 90 100 Manuiact'rs. 240
220
5
Joumeay A Burnham. 100
td 5s 1020............. JAJ 90
164 170
Nassau
iHamilton*... 105
Mechanic*’ . 137
Preferred..,-----...100
25
Btillw-Bierce A Sro-V, 100 »fl
98
People’s..... 25f.
102 Kina, Co’ .... 100 116
Mech A Tra*
Koickerh r Ice(Chfc)-N^ 8t Ex List. Swift A Co....*,,......100 98* 100
Kniokarb lee—H^nds 5s.. 97
110
Ut 0 s ,...,.................. HOT
t Price per share.
* Banka marked with a asterisk (*> are State banks.
Lawyers' Bnrefr, . . . ,.100 100 IO
ft
8u*o Cofti »v 10 >t . - .1
«
1 17
$ Purchaser also pays accrued interest.
j^ licsllsw e sa i. Par,
Carur-Crume—Pref.. 100
Celluloid Co............. 100
Cen? America Tr'nstt-100
Cent Ffrew’rks—Com. 100
Preferred ...............luQ
Chateau*j*.y urea Jr ns‘ 16
Che* A O Grain El—
Inc..

TH E

322
B oston ,

P h ila d e lD h ia

and

B a ltim o r e

S tock

* S h a re Price**—N ot P e r fJeiU iiin Price**.
Saturday,
Feb. 11.

Monday,
Feb. 13.

Tuesday,
Feb. 14.

Wednesday Thursday,
Feb. 16.
Feb. 15.
............
“

[VOL. L IV II1

C H R O N IC L E .

Friday,
Feb. 17.

E xch an ges— A

D a ily

and

ACTIVE STOCKS.
1 Indicates unlisted.
1

R a ilroa d Stock*.
Balt.City Pas.,new,2d In. pd. (Balt.) .... 25
Baltimore Consolidated.......
“
.... 25
•37 ___
40 Baltimore Consolidated?— (Phila.) .... 25
•39%
40
40
240% 240% 247 247 Boston A Albany................(Boston).... 100
247 247 248 248
88 Boston Elevated....................
“ ....100
88
87
H
8
88
88
•87 88
“ ....100
232% 232% 232% 233% ♦231 233 Boston & Lowell....... ............
•230
“ ....100
172 172 *171 172% Boston & Maine.....................
172 172
172 172
“
....100
137% 141% 138%141% xlS7%144% 142% 148 Chic. Burl. & Quincy............
“
....100
143% 143% Chic. June. A Un.Stock Yds.
•148% 144% 142 143% 143% 144
*120 120% Preferred...........................
“ ....100
120 120
Z
120% 126% 120% 127% 129% 129% Chic. Milwaukee A St. Paul. (Phila. 1 ... .100
Q
“
.... 50
35
35% 35% 35% 30% 35% 30 Choctaw Oklahoma & Gulf..
35
O
“ .... 50
40
40% 40% 40% 46% 40% 46% Preferred.............................
40
t*
“
....100
59% 59% 59% 59% *59% 60 Consol. Traction of N. J.T...
z
114% 114% Fitchburg, pref............. .... (Boston).... 100
114 115
115 115
114%115
CD
42 Ga. Southern A Florida....... (Balt.) ....100
*38
• ...... 30
95
♦93
1st preferred.......................
“ ....100
•95 95% ' ....... 95%
•05
95% •05
2d preferred......................
“ ....100
...... 08
07
07
....... 08
•07
•ei
80
25% 26% 25% 20% 25% 25% 25% 26% Lehigh Valley......................(Phila.) .... 50
*0% 0% Mexican Central.......... ...... (Boston).... 100
7
7
7
*3%
*94
95 Northern Central................ (Balt.).... 50
94
94% *92
95%
*98
95%
53% 54%
52% 55% 54% 55
a * 52% •79% 80 *79% 80% *70% 80 Northern Pacific..................(Phila.) ....100
Preferred.............................
“ ....100
79
79
♦201 202 Old Colony......................... (Boston).... 100
201 201 201 201 ♦201
♦4
4
45 Oregon Short Line..........
44
“
....100
(Phila.).... 50
00% 67% 00% 07% 07% 08 Pennsylvania................
00% 07
“
.... 50
90% 90% 90% 90% 96% 96% 90% 90% Philadelphia Traction.........
“
.... 50
U% Reading Company.......... .
11 11 7-10 11 3-td 11% 11 11 3-16 11
“
.... 50
30% 31% 30 9-10 31% 30 13-10 1% 31 31 15-10 1st preferred....... .
10% 2d preferred.......................
“ .... 50
10% 10 7-10 10 1-10 10% 10% 10 5-10 16
48% Union Pacific.......... ...........(Boston).... 100
47
48% 48
46% 47
40 40
“ ....100
79% 79% 79% 80* 80% 8L% 80% 81% Preferred............................
30 Union Traction....... ............ (Phila.).... 50
33% 34% 33% 34% 33% 34% 34
92% 93 West End Street....... ......... (Boston).... 50
93
93
92% 9 i
•92 93
yiiacellaneou* Stocks.
370% 372 American Bell Telephone... (Boston) — 100
389 373
351% 380 309 378
“
....100
130%132% 130% 132% 130% l.U% 132% 134% American Sugar Refining7..
“ ....100
113 113% 113* 113* Preferred!.......................
112 113 113 113
374 370 Boston & Montana..................
“ .... 25
353 300
300 375
350 350
97 Butte & Boston .....................
“ .... 25
90
95% 94
89
90
80% 89
790 810 Calumet A Hecla ...... .............
“ .... 25
780 785
780 785
780 785
67% 68 Consolidated Gas................. (Balt.) ....100
08
08
08
68
09% 09% •08 69
•08 69
34% Dominion Coal.. ...............(Boston).... 100
33% 33% 33% 33% 34
34
34
T
1 1 127* 128 14o% 130 130 Electric Storage Battery I .. (Phila.).... 100
102% 120
131% 137
Preferred!..........................
“ ....100
105 122% 124% 130 127%140
99 Erie Telephone...................(Boston)___100
95
96
90 100
95
995s 99
52% Federal Steel..........................
“ ....100
47% 48% 49
49% 51% 51
49
26 Lamson Store Service.........
“
.... 25
2o% 25% 2o
25% 20
26
20
42 Lehigh Coal & Navigation... (Phila.) .... 50
42% 42% 42
42
42 42% 42
“ ....100
13% 15
14% 15% 15% 17 Marsden Company ! ................
11% 13
152 152 New England Telephone......(Boston)...100
141 142% 142 148% 153 153
39% 48% Oid Dominion Copper!.,....
“
.... 25
37% 37% 37% 39
30% 37
20% 27% 27% 28% Pa. Mfg. Light A Power! ... (Phila.).... 50
20% 27
20% 27
144 144% United Gas Improvement!..
“
.... 50
142 142
142%143% 142 142
40
41 United States O il..............(Boston).... 25
40
40% 40% 40% 40% 40
5
37
38% Welsbach Light!................ (Phila.)....
88
38
37
37% 36% 37
_
*1% 1% *1% 1% *1% 1% *1% 1% West End Land...................(Boston)_ 25
“
.... 50
40% West.ingh. Electric A Mfg...
44% 45
40
40% 40
45
40
*03 03% Preferred........................ ,
“
.... 50
03
03
03
*....... 83% 03
*Bid and 3Bkedpr'oes no sale wa? made.
39%

39% 30%

NACT1VE STOCKS
RAILROADS.—
Frices
At Top A 8 Fe.. (Bost)lOO
Atl A Charlotte (Balt) 100
Balt AO all pd. “ 100
Bos A Maine pf.(Bost)10C
Boston A Prov. “ 100
Catawissa......(Phll) 50
1st pref........ “
50
Central Mhsb. .. (Bost) 100
Pref.............. “ 100
Central Ohio...(Balt) 50
Qhi'-^W Mich.(Bost) 100
Cu’s atof Inds!(Phil) 100
City A Suburb.. (Balt) 50
Conn A Passum(Bost) 100
Conn River.... “ 100
Flint A Fere M. “ 100
Pref.............. “ 100
GErmant’n Pass(Phil) 50
Heatonv M AT “
50
Pref............. •
»
50
Hunt A Broad T “
50
Pref............. “
50
K C Ft 8 A M..(Bost) 100
Pref............. “ 100
Little Schuylk.(Phll) 50
Maine Central.(Bost) 100
Metropol St!...(Phil) 100
MlnehillASH. “
50
Neaquehon'g V. “
50
New England..(Bost) 100
Pref............. “ 100
North Penn — (Phil) 50
No A W Branch “
50
PennAN W ... “
50
Phil A Erie...... “
50
Phil Germ AN. “
50
United N J...... “ 100
United Tr of P. “
50
Pref............ *
*
50
West End pref.(Bost) 50
West Jer A SS.(Phil) 50
WestNYAPa. “
50
Wlscon Central(Bost) 100
Pref............. “ 100
WorNashAR. “ 100
MI8CELLANEOU8.
Allouez Minlng(Bost) 25
Am tty El Lt.1. (Phil)....
Anaconda Min.(Bost) 25
Anniston Land. “ 100
Arnold Mining. “
25
Ash Bed Min’g. "
25
Atlantic Min’g. “
25
Baltlo Mining.. * 25
Balt Wareho’se(Balt) 20
Bay 8tate Gas!.(Bost) 50
BergAEng nr’w(Phh) 100
Pref...... .... “ 100
Boston Elec Lt.(Bost) 100
Boston Land... “
10
Boylston 8t L’d “
15
Cambria Iron. .(Phil) 50
Cfcmbrla 8teel. “
50
Canton Co....... (Balt) 100
Centen Mining. (Bost) 25
Domin COaipf. “ 100
Edison El 111... “ 100
Ft Wayne Eleo! “
25
Franklin Min’g. “
85
French Bay Ld. “
5
General Elect.. “ 100
Pref............. “ 100

30% 39%

Bid. Ask.
STOCKS BONDS
MISCELL.—Concluded.
Feb. 17.
10
22% 22% IntButHASM “
Marsden pref! (Phil) 100
120
Mergenthaler.. (Bost) 100
Morris Canal...(Phil) 100
170 171
P r e f................. “ 100
288% 29u
Osceola Mining(Bost'l 25
54
Palmetto Co....(Phil) 25
12%
Parrott SilACop (Bost) 10
59%
Pennsyi Salt... (Phil) 50
43
Pennsyl Steel!. “ 100
21
P ref!............. “ 100
40
Phil’delphia Co(Bost) 50
Pullman’s Pal.. “ 100
155
umey Mining. “
25
265 270
eece Buttonh. “
10
24
23
8anta Ysabel G “
5
47
48
Tamarack Min. “
25
143
United El Sec.. “
50
Water Power.. “ 100
74%
Welsbach Com!(Phil)100
P r e f!............ “ 100
41H Westm’rel Coal “
50
5
10
Wolverine Min.(Bob!) 25
|30
45
Wollaston L d. “
5

Bid. Ask,
BONDS
■ Boston—
Concluded.
.. J Ogd A L Ccon 0s.’2O AAO 107
......
15
51
Income 0s.............1920
Rutland 1st 0s..’02 MAN 5105 107
185 180
2d 5s............ 1898 FAA 5101 102
West End St 5s. .’ 02 MAN 5 ....
4%s..............1914 MAS 5.....
10344 104
Gold 4s....... 1910 MAN 5......
34
42
43
4s.................1917 FAA 5......
109
2744 30
Bonds—B altim ore.
Atl A Ch 1st 7s.l907 JAJ 120
00
AtlG-Lightlst5sl917JAD 103
Balt Belt 1st 5s.l990MAN 107 107%
160 i 61
178 180 j BaltCPaslst 5s.l911MAN 115
Balt Fundg 5s.l910 MAN 123
i ‘ H 12
Exchange 3%s. 1930JAJ 113
ISJi 16
243 245 | BaltAOhio 4s g. 1935 AAO
PittsACon 5 g. 1925FAA
Stat Isl 2d 5g.l920 JAJ
J • " i"
4
10
Receivers certif 0S.JAD
15
Do Marylaud Constr 5s.
00
05
50
Do Pittsb A Con 5s.JAJ
Do Main Line 5s..........
48
4844
BAOSWlst4%g.l990JAJ
I4
4
BaltAPlstOsml 1911AAO
1st 0s tunnel 1911..JAJ
BondH-Bosion.
Am Beil Tel 4s..1908 JA.l {103.J4 104
Bal Trac 1st 5s.l929MAN 117
ATASFgeng4s.’95 AAO
Ext A Imp 0S.19O1MAS 100
10U
44
Adjustment g 4s.. 1995 { SSM 8344
NoBaltDiv 5s.l942JAD 120
B &M 3d is 7s.’ 02-07 MAN
Conv’rtible 5sl9O0MAN 100
Boston Term’l 3%s. .194 alls 114
CapeFAYsrA6g. 1910JAD 104 104%
Bos UnGas 1st 5s.’39 JAJ $ 93
1st 0s ser B..1910 tr rec 70% 71%
94
2d M 5s.........1939 JAJ $ 70
1st 0s ser C..1910 tr rec
71
67
BurA Mo Riv ex’pt 0s. JAJ §120
Cent Ohio 4%s g.’30 MAS
Non-exempt 0s.’ 18 JAJ $107
Central Ry 0s... 1912 JAJ
Plain 4s.........1910 JAJ $100
Consol 5s... .1932 MAN 117
Ch BurA N 1st 5s.’26 AAO {10744 108
Ext A Imp 5s.1932MAS
2d M 0s....... 1918 JAD
io i I CharlCAA ext5s.l9x0JAJ 107
!
Ch Bur A Q 4s.1922 FAA {io i
Chesap Gas 0s. .1900 JAD 104
Iowa Div 4s.l919 AAO $101
CityASub lst5s.l922JAD 114
Chicago Junc 5s. 1915 JAJ J ill 11444 ColAGrnv 1st5-0.1917JAJ 117
Ch ANo M gu 5s.’31 MAN $ 82
Consol Gas 0s. .1910 JAD 117
8a
Chi A WM gen 5s.’21 JAD { 9344 9344, 5s................. 1930 JAD 111
Con. of Verm’t 5s.’ 13 JAJ ♦ 90
91 ; Ga AAial8tpf5sl945AAO 107 108
Curr’t Riv 1st 5s.’27 AAO $ 70
75 I GaCarAN 1si5bg. 1929JAJ 102 103
DGRAW lst4s.’46 AAO { »54l 97
GeorgiaPlst5-0s 1922J AJ
Domin Coal lst0s.’13MAS $110 m j GaSoAFla lst5s.l945JAJ 109%
Kast’n 1st M0s g.’O0 MAS $118
Lake REl lstgu5s’42MAS
Fr ElkAM V 1st 0s ’33 end $137
MacAN 1st 4%s.l990MAS
Unst’p’d 1st 0s.’33 AAO $137
MetSt( Wash) 1st 5s’25FA 121 121%
Ulin Steel conv 5s.’ 10 JAJ $105% 10544 New Orl Gas 1st 5a...Var
Debenture 5b. 1913 AAO {10144 102
NorthCent 4%s.l925AAO 110
K C CA S 1st 5s g.’25 AAO { 70
0s 1900................ AAO 105
7244
K C Ft SAG 1st 7s.’08 JAD {114
08 gold 1900 .........JAJ 103%
K C F SAMcon 6s.’28MAN $100 loo;*
0s 1904..................JAJ 110
K C M A B 1st 4s..’34 MAS $....... 92
Series A 5s 1920... .JAJ 117
Income 5s..........
48
Series B 5* 1920....JAJ 117
5 «
K CA M RyAB 5s.’29 AAO $103 104
OhloAMl8t7SD1905MAN 108
K C St Jo A C B 7s.’07 JAJ $120
PittsACon 1st 7s 1S98JAJ
LamB’n 8t’re S 6s.’09 MAS $.......
Pitt Uu Trac 5s.l997 JAJ 111 111%
L RockAF 8 1st 7s.’05 JAd §105
PotomVal 1st 58.1941 JAJ
L EASt L 1st 0s g.’28 AAO 103
SecAvTn(Pitt8)5s’34JAD
2d M 5-0 g.... 1930 AAO ♦
Seab A Roan 5s. 1920 JAJ
Mar H & Ont0s...’25 AAO 5114
VirgMid 1st 08.1900 MAS 110
Mex Central 5s. 1917 AAO §.......
2d series 0s.. 1911 MAS 118
4s ................ 1911 JAJ $ 70
71 ! 3d series 0s.. 1916 MAS 118
1st con inc 8s g non-cum
17 | 4th ser 3-4-5s.l921MAS 105
|
2d con inc 3s non-cum..
6
5th series 5s. 1920 MAS 108
7
New Eng Tele 0s.’99 AAO §100
Va (State) 3s new.’32JAJ
0s................190 AAO § ......
Fund debt2-3s. 1991JAJ 33% 86%
N Y&N Eng lat7a.’0'5JxJ §120
VaA Tenn 2d 5s.l900 JAJ
J*»t mort 0s.. .. * 9 Ju i
?....... 115 ll 8s.................. 1900 JAJ

t

54
150 153
242 243
57
58
55
50
35
87
98 103
1 01 *
23

140
266
112
00
4*
3
S
185
10

is *
49
113
414
34*
5
io m

3

ib
2
40
33

1044
4IH,
33*

S<4

103
4

8*
50
94
105
544

' 45
1 0 * 164*
81
R2
5044 5 0 «
115
200 201
1
2
S 7 « 28
112
159

H

a

113*
100

Bid. Ask.|

Y e a r ly

R ecord .

Sales
o f the Range o f Sales in 1899.
Week.
Shares
Lowest.
Highest.
71% Jan. 6 72 Jan. 7
8,452 31% Jan. 13 40% Feb. 10
200 32% Jan. 14 40% Feb. 10
22 246 Jan. 3 258 Jan. 18
143 80% Jan.
89 Jan. 27
25 227 Jan.
235 Feb. 1
77 170 Jan.
172 Jan. 30
42,571 124% Jan.
148 Feb. 17
100 139% Jan. 3 146 Jan. 10
5 124 Jan. 12 127% Jan. 30
700 120% Jan. 3 129% Feb. 17
4,890 29% Jan. 3 30% Feb. 10
1,814 43% Jan. 14 47% Feb. 2
200 57% Jan. 3 01% Jan. 12
055 107 Jan. 3 117 Jan. 26
37 Feb. 0 88 Feb. 1
93% Jan. 12 95% Jan. 23
10 03 Jan. 11 70 Jan. 27
2,845 23% Jan. 10 27% Jan. 24
330 57%Jan. 7 7% Jan. 21
90 Jan. 21 95 Feb. 6
5,440 42% Jan. 7 55% Feb. 15
100 70% Jan. 0 81% Jan. 20
2p 198 Jan. 4 2o l Feb. 3
50 42 Feb. 8 40% Jan. 23
4,200 01 Jan.
70 Jan. 23
424 94% Jan.
97 Jan. 25
9.820 10 5-10 Feb. 8 12% Jan. 24
17.223 25 13-10Jan. 7 32 9-10Jan.24
10,753 13 7-lHJan. 0 17% Jan. 24
7,533 41% Jan. 7 50 Jan. 23
8.174 73 Jan. 0 81 Jan. 23
27,482 31% Jan. 7 37% Jan. 31
313 90 Jan. 3 95 Jan. 19
009 273 Jan.
099 1 i3% Jan.
225 110* Jan.
952 262 Jan.
80
4 Jan.
403 035 Jan.
520 07 Feb.
025 33 Jan.
52 58% Jan.
870 04% Jan.
820 78% Jan.
423 46% Feb.
165 23% Jan.
,030 39% Jan.
,54b 0% Jan.
418 133 Jan.
,30 35 Jan.
,150 *3% Jao.
,459 127% Jan.
910 30 Jan
,020 30% Feb.
1% Jan.
1
3. ,34' 39 Jan.
130 03 Jan.

380 Feb. 14
137% Jan. 30
114 Jan. 31
Feb. 17
370 ___ _
97 Feb. 17
S10 Feb. 17
71 Jan. 24
30% Jan. 16
140% Feb. 16
140 Feb. 10
l 0 Feb. 14
55% Jan. 24
28 Jan. 9
42% Feb. 2
17 Feb. 17
153 Feb. 16
40 Jan. 3
2«% Jan. 16
147% Jan. 23
44 Jan. 24
42% Jan. 0
1% Jan. 27
46% Feb. 10
04% Jan. 10

Bid. ABk.
BONDS
B altim ore—Conclu’d.
WestN C con 08.1914 JAJ 116
WestVaCAP1st6g. ’ 11JAJ 113
WilColAAug 08.1910 JAD
Wtl A Weld 5s.. 1935 JAJ
Bonds—Philadelphia
Atl City 1st 5s g..’ 19 MAN 111
Catawissa M 7s.l900 FAA 103
ChesAD Canlst5s.’16 JAJ 52
Choc Okla A G prior lien 0s 108
General 5s... .1919 JAJ 107
Cit’s’St Ry(Ind)con 5s.’33 101%
Colum St Ry 1st con 5s.’32 1104%
Colum O Crosst 1st 5s..’33 §104%
Con Trac of NJ 1st 5s..’33 110
DelABBk lst7s.’05FAA 117
EastAA 1st M 5s.’20 MAN 110
Edison Elec 5s stk tr ctfs.
ElecA Peop’s Tr stk tr ctfs 98%
ElmAWilm lst0s.’ lO JAJ 124%
Income 5s....2802 AAO 109
Eq 1 1 Gas-L 1st g 5s. 1928 108%
1
Hestonv M A F con 5s.’24 116%
HA B Top con 5s.’25 A X# 106%
Intemat Nav 0s..... 1900
K C Sub B 1st 0s..’20 JAD
KCP AG lst5s..’23 AAO 72%
Lehigh Nav 4%s. .’14 Q-J 113
RR 4s g.........1914 Q-F 107
Consol 7s......1911 JAD
Gen M 4%s g .. 1924 Q-F 107
Leh V C’l 1st 5s g.’33 JAJ 95%
Leh Val ext 4b.. 1948 JAD US
2d 7s........... 1910 MAS 129
Consol 08......1923 JAD 117
Annuity 0s.......... JAD
Newark Pass con 5s.l930 110
NY PhANorlst0s.’23 JAJ
No Penn 1st 4s..’30 MAN 113
Gen M 7s....... 1903 JAJ 114
Penn gen 0s r.. .1910 Var 132
Consol 0s c .... 1905 Var 118
Consol 5s r— 1919 Var 125
CollatTr 4%sg.’ 13 JAD
Pa A N Y Can 7s..’06 JAD 120
Cons 58....... 1939 AAO 105
Cons 4s....... 1939 AAO 90
Penn Steel lst5s.’ 17 MAN 101%
People’s Tr tr certs 4s.’43 107%
Perkiom 1st ser5s.’ 18 Q-J 100
Phila Elec gold trust ctfs 104%
PliAEr gen M 5g.’20 AAO 121
Gen M 4s g. .1920 AAO 109
Ph A Read 2d 5s.’ 33 AAO 120
Consol M 7s.. 1911 JAD 133
Con M 0s g... 1911 JAD 123
Ext Imp M4s g.’47 AAO 104%
Con M of ’82 4s.’37 JAJ 104
10-yrsf 5s g.1902 FAA
Terminal 5s g.1941 Q-F 120
P Wil A Balt 4s.l917 AAO
Collat trust 4s. 1921 JAJ 110
Pitts CASt L 7s. 1900 FAA 105
Read Co gen 4s, 1997 JAJ 88
Rochester Ry con 5s. 1930 105
SchRESidelst5s g’35JAD 113%
Scran Trac 1st 0s%
32MAN
Union TermT 1st 5s.FAA 97
United N J 4s.. 1944 MAS 115%
UnTracPitts geu5s’97JA 111
.J
§And interest.
t$l 50
♦Price includes overdue coupo

108

99

101
73%

120
117

104%

88%

paid.
ns.

F

ebruary

T H E

18, 1899.J

g n

v z s t m

JL D
H

z n

t

C H R O N IC L E .
Roads

823
Lalesl Gross Earnings.

WeekorMo

1898-9.

1897-8.

Jan. 1 to Latest Data.

1898-9. I 1897-8.

$
384,697,
In,AGt.North’ n. IstwkFeb.
69,190
69,905
400,485
286,300
70,800
Uateroo. (Mex.) WkJan28.
69,460
250,730
R a ilr o a d In te llig e n c e .
34,872
32,>-90
Iowa Central... dw kF eb.
238,481
200,425
4,057
4,057
Iron Railway. . . J anuary.. .
3,498
3,498
30.637
33.663
Jack. T. A K.
December.
304,492
359,017
10,568
! Kanaw’ a&Mloh IstwkFeb.
59,160
8,638
51,145
RAILROAD EARNINGS.
72,956
411,781
K.C.F.Scott&M. istwkFeb.
437,766
91,298
15i,648
30,496
28.936
istwkFeb.
162,378
fh e following table shows the gross earnings of every K.C.Mexn.ABir. January...
20.912
26,942
30,906;
Kan. C. N. W......
30,906
i T E a m railroad from which regular weekly or monthly returns ■Kan.City«feOm. IstwkFeb.
8,384
4,715
26,369.
32,236
434,145
55,834
63,270
380,953
'an be obtained. The first two oolumns o f figures give the K. C. Pitts. A G. 2d wk Feb.
58,321)
8,574
10,700
|Kan.C.Sub.Belt Istwk Feb.
44,135
gross earnings for the latest week or month, and the last two i Kenkuk&Weetsf 1stwk Feb. 11,58 L 11,267!
58,906
62,510
oolumns the earnings for the period from January 1 to and | XErie A West.. IstwkFeb.
340,09o!
67,009
342.736
65,66 L
40,460
29.077!
43,460
29,077
i Lehigh* Hnd.. January.
Inoluding such latest week or month.
l."90,994
The return» o f the street railw ays are brought together sep­ LehighYaL HR. December. 1,770,013 1,,539,113 19/994,420 19,546,940
1,,119,914 16;928,364 17,616,015
] Leh. V. Coal Co. December,
arately on a subsequent page.
249,814
15.306
16,999
j Lex’gtonAEaat. December.
204,078
233,272
237,491
J a n . 1 to L a test D a l e 1 LonglelandRR. January... 233,272 237.491
L atest Gross E a rn in g s.
219,608
246,472
! Long Is. System. J anuary... 239,608 246,472
R oads.
7,309
8,320
7,309
Los Ang. Term..
3,320
1898-9. I 1897-8. I Louis.Ev.ASLH January...
W a k o r M o | 1898-9. i 1897-8.
28,670
IstwkFeb.
148,554
145,594
29.108
35,962
44,270 ;
I4,127j
16,111
! Lon. H. <fcSt.iL... 4th wk Jan.
8
I
*
8
t
,314,000 2,242,398
192,780
184,636 Louisv.ANashv. istw k Feb. 41 .-.870 434,715
Adirondack ..November.!
13,690
14,372
5,322
•5,894;
5,322
Macon A Birm.. January...
5,894
192,loft
Ala. (It. Sonth.. IstwkFeb.
36,541
35,«8-v 841,2)3 200,P65 Manlstlque.......Jaouary...
10,640
6.879
10,640
6.879,
694,722 IMexican C en t. istwk Feb. 252,601! 238,422
68,799
Ala. Midland.. December.
65,201
,476,391! 1,315,927
Ala. N. O.Tex. & Pao. June.
,032,310 2.757.418
134.738 Mexican Inter'l.' Novemb’ r. 313,993 251.526
47,000
46,700
S O r U S . E IthwkJan.
575,052
665,256!
73,025 IMex. National istwkFeb. 114,866 111,239
Ala. A Vlokab. ithwkjan.
26.800!
24,000
2s?’f ” ?
546.377
39,036
53,038
Mex. Northern. .November.
537,177
01,354
Vioks.Sb.6s P. dthwkJan.
31.51)0:31,3 0! „ „2£’**3
307,500
3*9.200
7.500
90,400
2,553.135 ’ Mexican R’ wav WkJ a n . 28
Allegheny Val. December
227.140 228,189
57,950
18.090
60.103
19,770
194,275 Mexican So...... IthwkJan.
23,740
32,072 1.5,0 Id
Ann Arbor........ (id wk Feb.
30,457
182,969
196,59*
38.078
122,835 Mlnneap.A.StX IstwkFeb.
15,751;
14,030 128,5-51
Ark. Midland... December.
319.132
293,336
59,148
57,746
MsStP.As0.8t.M.. letwfeFeb.
AtoU-T. AS.Po.t December 3,896,773 3,«09;io9 39.975,808 130.506,759 Mo. Kan. A Tex*: istwk Feb. 205,875 200,275
,213,404 1,224,707
1.515.570
Atlanta A Char November. 168.070 148,489
,545,551; 2.544.419
25,020 Mo.Pao.AIrouM istw k Feb. 425.000! 446 00 )
27,411
25.020
27,411
A tl.K noi.A N o. January...
129,262
22,00 »
18.000
108.377
Central Br*oh. j stwk Feb.
507,565
56,125
54.06-1 531,123
Atlanta A W. P. November.
,653.928 2,673,631
443 J 0 « 4 63.009
Total............IstwkFeb.
AU.CsiLineS.C Decemiwr
101,136 174,914
Mobile A Birin.. January. ..
43.033
34,580
43.033
34,5-0
51,214!
51,883
Atlan.ADanv.. istwkFeb.
10,3' 6
11,2221
4- 8.3 0
373,134
160.084 Mobile A Ohio.. January... 400,800 373,134
136,242
Austin AN’ weal Novemb’r .
13,970,
19.4ttij
,399,475 1,392,106
2 /70.430 MontAMex.G’f. December. 111,714 129,851
178,86*
Balt A Ohio_ January... 2,179,864 2.070,430
_
462,072
615,038,
823,+99 Naeh.Cb.ABtX January. - 515,038 462.072
616,769:
Bal. AO.Sou’ w IstwkFeb. 114,510 123,446
4,305
3.239
October...
36 613
.4 * 6 *7 NevadaCeutral. January... 13,035.050 3 ,407,006
1
BatUAHam’nds December.
3,397
4,094
,635,050 3,407,806
H .Y .C .A H .R .
2,039
1.980
2,039
1,980
BIr. A Atlantic. January...
342,553
361,299
54,766
58,122
58O»0Ot> N .Y .O n tA W .. IstwkFeb.
619,90)!
51.897
51,370
Brnnsw'kAWent December.
221,472 230.007, 2,,328.143 2,267,613
347,914 N. Y.Suaq. A W. December
352,124
Bnif. Roots.A Pitt Istw kP-b.
01.3*71
61,715
Norfolk A Went, i stwk Feb. 191,795 183,013 1 ,137,937 1,069,229
■92.5'0
i
Bnff.StM.A9. W November
30.168
.. ...
16,882
20,3)9
5,440;
0,290
683,629
02*399 I North’ n Ala.By. UhvvkJm.
Buffalo A 8usq.. December
62,780
55,183!
00,019
0.3.510
7.933!
9.0»3
.Northes’ n lO aj443,809
376,1*8 ! North'oOentral November. 613.8 40 586,440 6,,664.003 6,732,703
90.397!
72,958'
Bur.C. Rap. A N. l-tw k Feb.
December.
OanadlanPaclflc 1 stark Feb. 42 ,0 0 385,0"'• ‘A 292.000 2,0.7,372 North** Pacific, utw k Feb. 387*504 402,i0*v 1,,999,458 1,928,625
54.526
59,978!
Car. Midland . November
5,899
5.435
87,404
10,4 *»5
86,527
lo*928
636,282 Ohio R iv e r .......1stwk Feb.
629,250!
O eatofG eo gsa tstwk F. t> 121,177 113,584!
.
62.323
76,258
62,323
75, <58
! Ohio Southern.. January...
Centra! oi el. J.. December.
.m m
[Iwi ,I n7,270 13,212,772 ; Oreg.RR.ANav. istwkFeb. 100,0 9 143,544
618.040
592,255
Central Pacific Novemb’ r. 1,430,1)71 1,399,595 U, 677,517) 13.031,053 1 Oreg. 8h- Line.. Decemlier. 655,509 531.081 7 ,025,695 5*969,007
600,249
660.032
OharleeVnASav December.
52.700;
52.072
358,437 3 49.857! 6,.263.317! 3,978,171
Pao. Coast Co.. December
CUae’ n A W.Car. Novemb'r
82,150
79,621
500,991 4,179,48 L
' ‘ 5,24'.
•5*369 Pacific Mali..... December. 401,960 327,076 4 603.012 04.223,012
CUattan’ ga So.. nhwkJan.
2,157:
1,688!
,017,80465,
Che*. A Ohio— IstwkFeb. 3,207.582 229,347 1.,126.2171 1,182,700 PennaylvaaiaL December 5,737,004 5 17*332
82,540
8J.347
17,631
PeortaDeo.AKviHtwkFeb
Chic. Bur A il l December. 627.202 3,470,547 43,,103,9*4 39.890,255 peteraborg.......Scptemb’ r.
4,89,015
40,510
432,235
46.778
439.015 Phila. A Erie... December. , 376.347 346,200
497,069
Chic. A Bast.111. t,twk Feb.
-1,1191
83,140;
574.443 4,601,256
465,850
563,560
Chio. O t West’ D Istwk Feb. 120,115
96.615
,095,156 21,284,865
274,492 Phila. A Read... December. 12,006,79* 1 947,585
297.000
Chic. ind. A L Istwk Feb.
50.364
52,101
Coal A Ir. Co. December. 2,553[947 2,024,988 21 ,848,047 22,448,534
ChloJfll-ABtP .d w k P e b . 597,570 592 898! *.,178,169 3,524,662 | Tot. both Co?». December. 4,560.741 3 ,U72,573;43, 913.203 43,7.43,399
,151*015 33,*74,003 Phil. R. A N. E. December.
CUio.A N’ tbw’ a, jDecember. 3.272,014 2,075,108 37,
643,408
604,337
57.952
62,510
06.005
78,0.59 PhiL Wlim. A
Cb!c.Peo.AS?.L- January. .
06.6051
78,059
828,703 744,903 9,,919.421! 9,093.721
Chlo.R'k I. A P..iDecember. 1.74 1,71 T 1,734,782 20,331.682! 18,955,389 Pitta.O.C.AHu B, December. , 1.492,330 1,588,947 16,,246.516 15,169,056
U December.
CWo-StP.M.AO. December. 947.706' 727,344 9.,590,993 8,6*52,793 Pitts.LDb.A Wn January
4,202
3,138
4,202
3.13H
114*423!
113,196 Pitta.Bee.AXE. 24 wk Feb.
Chic.Ter.Tr.RR IstwkFeb.
22,975
22,560
104.339
83,000
14*263;
7,641
1 2 9 /7 8 Pitta. A Wea'n., j
177,673
Ohio * W . Mich IstwkFeb.
32.7981 21.523
. kFeb.
146,545
125,181
26,”>06
123,i*5#
90,989
37,810!
24,791
Choo.Ok.A6uW .-UhwkJan.
*0,140
81,827
15,693
PUte.01.AroL <
utwkFtih.
11,00-1
•1,478
4 342
Cln,6.APort*’ th January...
4,478
4.382!
20.255
3,968
PitU. Pa. A F IstwkFeb.
23,127
3*136
332,835
353,081,
Cin.N. O. ATVP. Jonuary... 353.681 332,835:
219,812
227.203
44,4(13!
43,648
Total aystem istwkFeb.
21,415
18.649
Cta.Forta.A Vtr. January...
21.415!
18,649
79,514 103.100; ,449,9191 1,452.707
December.
96,913 Plttab.Yo. A A .. December.
97.485
Clev. Ak. A Col. -j.| wk Feb.
14,437
14.305
801,173!
697.935
54,437
70,298
0-5,2 h3 Ricij.Fr'KsbAP.
63.672
OUry.Can. A So.. IstwkFeb.
11,065!
12,114!
28.239
293,4731
250,751
26,327!
Hioh.A Pfltowk Sopusrnb'r.
CB. Cln.Ch.Aat. L is t wk i .b . 252,073 265,430! 1,,292,27o 1,364.003 ; Rio Grande Jck November.
339,003
33,482
354,271
37.459
145,0*43
117.010
Peo. A East’s January... 145,093 147.010
i -twk Feb.
45,448
44,210
6,50ii
6,98.5
176,0681 182,147 RloGrande So*n 2d wk Feb.
CRLor. AWhee! 'id wk Feb.
23,4071 28,675!
319,900
49,700'
319,400
Rio
46,000
125,300
14.5,604 01kg.Gr*de Wear. January.
Ool- Midland.. .,. J an uary .. 13.5,500 145,664!
7,994
7.9)4 !
9.417
9,417
Tu«c. A H.
211,005 St. Jo*. A G r.I... istw k Feb.
224 011
Col.H. V. A Tol. Jauuarv.
2 2 4 ,'H , 211.605
131,910
126,223
31,116;
21,570
72,564
80,029 [ St- XChi.A8t.P. January.,,
Col. Sand’ s A H itstwk Feb,
10.417
11,946
20.801
28.L83
29.183
26,801
1,200
1,700
OolusaA Cake.. January...
1.2001
1,700!
6,916
6,747
6,747
6,946
13.19.5
12.405 , St.XKen’etASo January...
Crystal...............Novemb’ r.
1.169
1,233
696,256
309,920
370.387
836.317 awXASaoPran. Istwk Feb. 128.910 115,012,
Cum b i d Valley iiereinl*er
88,353
78.888
609,950
590,046
SI.XSouthwest. istwkFeb, 110,350 II 1,552
£06.900
907.100
D env.A R IoO r 2d wk Feb : 121,000 137.HX)!
114,243
98.255
98,265
520,161
430,382 8t.Pau! A Dal.. January... 114.24 3 190,375
Dee M. N. A w December, ,
39,591 37,231
*116,128 2,051,807
December. 172,483!
112.540 Ban.Ant. A A. P January.
122,918
Det.O.Rap. AW l.stwk Feb.
31.9*3
19,120
58,139
57,»44
San Fran.A N.p
58,139
57,144
300,7.53
180,029
Dot. A Clina No id w* sept..
8.917
8,762
69,763
51 153
14,823
24,6301
522.102
401.233 S. FePiea.APU. tihwkJao. 324.0 io 323 892
D o t A Mackinac December.
37,«r0
24,616
,H 3 163 3,436,356
Sav.Pla.AWest. December.
184*746
139,017 Sher.Bhrev.AB<j 4th wk Jan.
DuluthS.S.AAti IstwkFeb.
31,690
24.889
31,181
90,506
9,79ft
18328)
137,765
114.611
SiklnJotAEast January... 137,76.5, 114,611
271,846
191,250
15, 62
18,151
AG
■ rle ..... . . . . . . . . December. 2,738,453; 2,793.2 ‘ 5 32, St *8.010 33,137,07*2 i Sll.Bpra.O. Nor. December.
289,3^1
279.161
25,539
33.117
|Sioux C. A
December.
57,401*
82,790
Eureka Spring*.1
December.
4,727
3,900;
1,653
2.354
29.527 So Haven A E. December.
31,112
•vans.Alnd'plls istwk Feb.
5,438
4.76.)
115.712 So. Pacific Co.
120,770
Kvansv. A T. H istwk Feb.
22,2071 20.256
922,090 4.010,582
Gal.Har.As. a Novemb'r. I 547.857 40S.971
Find.FtIV.AW. November.
7.473 !
6,051
112.427
790,601
02,166!
Louis*a. West Novemb’ r.
109,012:
Fitohbunc......... December
........... | ............. 7,,311.220 7,231,610 | Morgan'sLAT Novemb'r
740,905 4,440,292
037,4491 505,-^83
Fiiot A P Mar-i 2d wk Feb.
3 ,8 345
318.679!
47,3 41; 36,960
317.200
305,866
35,89 9;
N.Y.
29.451
234.155 I Tex. T. A Mex November. 1*4,924 108.467
257,985
FlA CsntA Fen. ilstwkFeb.
51.525
48,534
546,131 1,301,271
AN. Orl. Novemb'r.
Ft. W’ thA Ileu. I istwk Feb.
133,055
24.513
............
Atl. Prop'tee.6 November. 1*519,454 1,104,275
47,485
Ft. W, A Rio Gr l stwk Feb.
51 571
8,902
8,694;
So. Pao. of Cal Novemb’r. I,2i7,713 1,316,297
664
Bad*. A Att. U Jaxmar*.,.
703
703
t(U
,840,403 2,306,860
8o.Pae*ofArlx Novemb'r. ; 279.053 235.2 3
Boon?!* RR. ... istwk Fob.
179,015
104,1* 6
33,8871 35.571
,411,340 1,205,801
f Bo.Pac.ofN.M Novemb'r. l 146 681 108.862
B o o r,’.* A Ala Istwk Feb.
128.952
121.711
18.507 ' 20,324!
PacH|o lyetem Novemb'r 3,381,625 3,302,106
8a.Car’ l» A No, (November. ,
800.3*22
795,780
95,396, 83.706
Total o f all./ December. !5.236,805 4.812.331 58 ,045*,701 >0,890*141
83,732
Beo. So. A Fla Januarv... ,
75,202
75,202 83,732
2,297,483
Br.Rap. ATod IstwkFeb.
181,086 Southern Rj . g . . \stwk Feb. 479,878 414,8 ^3 2 509,503
212,159
37,667
27.343
34.998
37,931
1,102
1,259
Cln.B,AFtW IstwkFeb.
39.608 8tonyCl.AC.Mt December.
8,8-41
7,071
45,181
33,444
30,768
7,90'
8,188
3.570 Texas Central 4th a kjan. 139.618 144,460
4,164
Traverse City.J'stwk Feb.
832
4331
855,330
859,175
Texas A Pacific IstwkFeb.
Mns.ti. H. A i istwkFeb.
10 170
9,174
2,052!
l,58l!
40,235
0L.5O3
4,135
0*779
Tot all lines. 1 stwk Feb.
1
234,440 I Tex, 8. V. A N.W. December. 1 25,188
270,678
*9,391
36,428
188,655
25,924
185,879;
Gr.Tr’ nkSyst'n) IstwkFeb. 444,913 395,78’ 2,401.194 2,312,117 I Tot.AOhioGent 2dwk Fob.
101,631
96,951
2l,25«
20,719
295,043 Tol.P. A West.. IstwkFeb.
Chio.AGr.Tr -itlivkI an, 110,391
350,210
89,297!
189,502)
182,163
35.589
30,229
DetOr.H.AM. tth-vkJin
70,166 Tol.Ht. L. A KJl Istwk Fob j 1,781,731 1,580.022
71,004
20,060
21,082!
,274/ 07 16 .749,834
Union Pao,RR, December,
Breaf North’n
317,152
323.290
77,919
76.000
(Jn.P.Don.AG.. AtbwkJan.
8t. P. M. A M January... 1,221.297 1,097,784 1,221,297 1,087,784
624,9 72
420,350
219.5071 240,597
104,948 Wabash. ..........vdwkFeb.
177,107
East of Minn. January.,
177,167 104,948
,682,142
,550.942
December.
171.174. 163,574
173,083 W.Jersey AS
Montana Cent January.
180,630
190,630 173,683
80,257
80,257
98,301
98,3011
T ut system January,,. 1,579,09V 1,306,415 1,579,094! 1,366,415 I W.V.Cen.APitts January...
31,644
353,946
361,501
29,901
10,014 i WestVa.A Pitts. |November
20,155
B’lfB'mntAE.O January. .
10.014
20,195
589,282
50,23«
539,371
65.636
52,416 | Western of Ala November,
Bulf A Chicago. December.
61,849
7,367
9,442
303,300
47,600
58.000
54.609 I West. N.Y.APa. IstwkFeb,
Hoos.Tnn.AWU. December
54,5«»7
3,30/
4,137,
160,212
167.973
23,491
22,327
444,195 375.039 3,196.431 2,959.049 Wheel. A L. Erie 2d wk Feb.
Hons.ATex.Cei) Novemb’r.
426,797
74.612
428,269
70,007
Illinois Central t January... 12394149 *2276720 12,394,149 •2,276.720 Wisconsin Cent. 1stwk Feb.
88,360
7,693
92,765
8,677
Ind. lies A West October
393,849 Wrightsv.ATen. December.
392,814
48,031
43,189
70,129
73,1.61
5.733
5,039
fork Southern December.
758,488
Ind.HI. A Iowa. December.
836*944
68,662 i 70,988

T H E

32 4

a These tl^ures Include results on leased lines, b Inoludes earnings
from ferries, etc., not given separately.
c Inoludes Des Moines &
Kansas City for all periods.
d Inoludes operations of the Ohio. Bur­
lington * Northern In both years.
e Inoludes results on A. T. < 8.
fe
Fe; Gulf Col. A 0. Fe, 8. Fe Pacific 'old Atlantic A Paoltld and So.
Oal: Ry.
f Inoludes the Paoitio system, the Atlantio properties and
the Houston < Texas Central system, g Beginning July, earnings or
fc
Memphis Division and Mlddleaborough A Aiken brandies are Included
for both years, h Results on Cin. Lebanon Northern are included
,
form September 1 in both years.
* Results on Kansas City A Independence Air Line are not included
for either year.
_
^
.
t Inoludes Chesapeake* Ohio So’ western, Ohio Valley and Chioago
and Texas for both years. Results on Yazoo Branch exolude dafter
July 1,1898.
|Mexican currency.
t Covers results of lines direotly operated ea«t of Pittsburg

L a te s t G ross E a rn in g s by W eeks.— The latest w eekly e a r n ­
in gs in the foregoing are separately summed up as fo llo w s :
• F o r the first w eek o f F eb ru a ry our prelim inary statem ent
covers 78 roads and shows 3'24 per cent increase in the a ggre ­
g a te over the same w eek la st year.
1st week o f February.
Alabam a Gt. Southern...
Balt. & Ohio Southwest..
Burl. Ced. Rap.

A

North.

Chicago & East. Illinois.
Ohio. Great Western......
Chic. Ind’plis & St. L. ..
Chicago Mllw. * St. Paul
Ohio. Term. Transfer ..
Chioago * W. Michigan..
Clove. Akron & Columb.
Olev. Canton * South’n..
Clove. Cin. Chic. & St. L ..
Dlev. Lorain & Wheel’g..
Col. Sandusky & Hook’ g.
D enver* Rio Grande...
Dot. Gd. P.ap. & Western
Duluth So. Shore & Ati
Evansv. & Indianapolis..
Evansv. & Terre Haute..
Flint & Pere Marquette..
Fla. Cent. * Peninsular..
Ft, Worth & Rio Grande.
Georgia ........................
Georgia & Alabama........
Grand Rapids*Indiana.
Cincinnati R. & Ft. W.
Traverse City................
Musk. Gr. Rap. * Ind .
Grand Trunk................ )
Cnio. & Grand Trunk }■
Det. Gd. H. & M........ )
International & Gt. No..
Iowa Central...................
Kanawha & Michigan...
Kan. City Ft. S. * Mem..
Kan. City Mem. * Birin.
Kansas City & Omaha ...
A an. City Plttsb. * Gulf
i a r City Sub, Belt...... .
Keokuk & Western........
Lake Erie * Western.
Louisville Evans.* St. L.
Louisville * Nashville...
Mexican Central............
Mexican National...........
Minneapolis & 8t. Lonis.
Minn. St. P. & 8. Ste. M..
Mo. Kansas * T^xas......
Mo. Paolflo & Iron Mt__
Central Branch...........
F. Y. Ontario & Western
Norfolk & Western.........
Northern Paciflo.............
Ohio River......................
Oregon RR. * Nav..........
Peoria Deo. & Evansv...
Plttsb. Bess. * L. Erie..
Flttebnrg * Western___
Rio Grande Southern...
Rio Grande Western......
8t. Joseph & Gd. Island.
8t. Louis & San Fran......
St. Louis Southwestern..
Southern Railway_____
Texas * Pacitlo .............
Toledo & Ohio Central...
Toledo Peoria & West’n .
ToL St. L. & Kan. City..
Wabash................... .........
West. N. Y. & Pennsylv
Wheeling & Lake Erie..
Wisconsin Central..........
Total (78 roads)____
Netinorease I3'24 p. o.)..

Increase.

1899

1898

*
36,541
25,420
10.306
114,510
61.347
90,397
428,000
124,177
207,582
91.981
120,115
56,364
630,191
22,875
32,798
15,220
11,065
252,073
25,643
16,417
128.000
21,983
31,690
5.433
22,267
59,990
51.525
8,902
33,887
18,507
37,667
8,843
832
2,052

9
35,685
25,493
11,222
123,446
64,715
72,858
385,000
113^584
228,347
83.140
96,615
52,161
570,477
22,560
21,523
14,774
12,114
265,430
24,454
11.946
139,000
19,120
24,889
4,765
20,256
46,939
48,534
8,691
35.571
20,324
27.343
7,071
433
1,581

444,913

395,785

49,128

69,905
39,501
10,568
72,956
28,936
4,715
72,460
10,700
11,589
65,661
29.108
417,870
252.601
114,866
38,078
57.746
205,875
425,000
18.000
58,122
19L.795
387,564
16,455
108,009
17,631
14,979
43,648
6,985
39,700
24,570
128,940
110,350
479,878
139,618
29,5 0
20,719
36,229
266,978
58,000
24,389
70,007

69,190
33,806
8,688
91,298
30,496
8,384
62.479
8,574
1 1,267
67,009
28,670
434,715
238,422
111,239
36,457
59,148
200,275
416,000
22,000
54.766
183,043
402,105
15,9 28
148,544
17,332
6,281
44,463
<6,504
41,700
31,116
115,042
111,552
444,853
144,460
24,998
21,259
35,589
238,001
47,600
21,534
74,612

715
5,695
1,880

7,469,729 7,235,248

$

856

17,539
43,000
10,593
8,841
23,500
4,203
59,714
315
11,275
416
___
” 1,189
4.471
” 2,883
6.801
673
2,011
13,051
2,991
208
10,324
1,772
399
471

__-TT,
” 9,98*1
2,126
322
433
14,179
3.627
1,621
5,600
“ 3.356
8,752
527
299
8,698
481
13,898
35,025
4,512
640
28,977
10,400
2,855
441,233
234,481

1899.

1898.

Increase.

$
8
*
Previously rep’d (82 r’ds) 10.924,417 9,872,727 1,091,744
Ala. No. * Tex. Pac.—
47,000
40,700
New Ore. & No. East...
300 ’
Ala. & Vioksburg........
26,800
24,000
2,800
Vicks. 8h. * P a o .......
31,500
31,300
200
Chattanooga Southern..
2,157
469
1,688
Ft. Worth * Denver City
33,592
3 0,882
2,730
Interooeanio (Mex.)........
70,800
69,460
1,340
Keokuk A Western..........
11,519
15,243
77,500
Mexisan Railway............
90,400
12,900

4 th week o f January,
Mexican Southern..........
Uu. Pao. Den. & Gulf_
_

1899.
. $
19,770
8.188
76,000

1898
*
18,890
7,867
77,949

Increase.
»

880
321

Total 193 roads) ....... 11,345,173 10,274,-186 1,113,684
1,070,987
Net inorease (10 42 p.o.).

Decrease.
9
1,949
42,697

N et E a rn in g s M o n th ly to L a te s t D a tes.— The tab le fo llo w ­
ing show s th e gross and n et earnin gs o f S t e a m ra ilro a d s
reported th is w eek. A fu ll detailed statem en t, in clu d in g a ll
roads from w hioh m o n th ly return s can be obtained, is g iv e n
onoe a m onth in these colum ns, and the la te st statem en t o f
this bind w ill be foun d in th e C h r o n ic l e o f Jan u ary 21,
1899. T he n ex t w ill appear in th e issue o f F eb ru a ry 25,1899 .

-----dross Earnings. — .---- Net E a r n i n g s .
>
1898-9.
1897-8.
1898-9.
1897-8.
Roads.
$
$
$
$
Ala.New Orl. & Tex. P. New Or. & No. East.—
............
147,057
O o t.lto Dec. 31. . . .
403,765
Alabama & Vicksburg—
Decrease.
93,192
Oot. 1 to D jo 31.......
206,171
Baltimore&Ohlo b .. Deo. 2,488,769 2,404.410
707,016
701.905
%
Jan. 1 to Dec. 31.......28,374,991 26,163,177 7,270,048 6.148,312
July 1 to Dec. 31. ...14,746,612 14,094,408 3,786,449 3.963,098
73
916 Bangor & Aroostook—
207,003
100,572
Oct 1 to Dee. 31___
225,694
91,804
8,936
775,634
345,621
305,421
Jan. 1 to Deo. 31.......
820,342
3,368
151,061
371,380
Burl. Ced.R. & No.a.Dec.
437,303
105,703
Jan. 1 to Deo. 31 . . . 4,533,562 4,292.162 1,468,739 1,243,328
Chicago Gt. West’ n..Jan.
448,445
369,235
131,655
81,067
20,765
July 1 to Jan. 3 1 .... 3,420,391 3,183,322 1,163,301
992,531
255,563
77,441
Ohio. Ind. & Louis.a.Deo. 274,147
58,222
999,509
Jan 1 to Dec. 31....... 3,323,605 3,200,655
955,858
556,792
588,639
July 1 to Deo 31....... 1,783,299 1,783,362
. . . . .... Ohio. & West Mloh..Deo.
135.071
37,042
31,235
172,513
........
435,173
350,325
Jan. 1 to Dec. 3 1 _ 1,933,350 1,650,723
_
........... Det. Go. Rap. * West. —
1,049
368,103
Jan. 1 to Deo. 31 . . . 1,538,688 1.316.739
332,377
13,357
Fitchburg—
629,640
Oct 1 to Dee. 31....... 2,012,474 1.952.739
638.028
. . . . ..
Jan. 1 to Dec. 31....... 7,311,226 7,231,610 2,232,644 2,228,419
1 1,000
. . . . . . . . Gt’d Rap. Gas-L.Co...Tan,
15,412
. . . ____
........
14,169
........
. . . . . . . . Manhattan Elevated (N.Y.)b—
Oot. 1 to Dec. 31....... 2,356,696 2,597.186 1,015,806 1,239,101
........
Jan. 1 to Dee. 31....... 8,761,426 9,287,676 3,467,665 3,969,371
_____
19,743
15,064
40,275
39,933
. . . . . . . . Midland Terminal...Deo.
106.473
July 1 to Dec. 31........
225,723
220,129
92,333
______
1.684 Mo. Kansas & Tex.aD ec. 1,129,827 1,184,358
401,535
394,649
1,817
Jan. 1 to Deo. 31___11,850,261 11,973,738 3.791,017
July 1 to Deo. 3 1 .... 6,847,495 7,044,473 2,6 =>8,461 2,732,293
148,241
515,033
462,072
116,130
_____ Nash Ch. (feSt.L.b.Jan.
J u ly l to Jan. 3 1 .... 3,713,525 3,372,901 1,344,319 1,207,646
Newb. Dutchess & Conn.—
11,121
36,456
11,923
Oot. 1 to Deo 31.......
33,028
34,734
Jan. 1 to Deo. 31____
129,392
129,379
23,580
_____ New London Northern—
_
_
63,247
201,8 L4
65,898
Oct. 1 to Deo. 3 1 ....
194,751
768,477
211,119
188,592
Jan. 1 to Dec. 3 1 ....
783,892
18,342
7,933
4,073
4,200
Northeastern of Ga,. Nov.
9,643
1,560
60,019
8,820
Jan. 1 to Nov. 30 ...
65,510
18,987
3,669
32,140
9,377
12,505
July 1 to Nov. 30 _
_
33,029
54,840
Pittsburg* West’nb.Deo.
241,269
238,112
67,055
_____
955,007
951,036
Jan. 1 to Deo. 3 1 .... 3,250,3 42 3,012,436
487,224
501,635
July 1 to Deo. 3 1 .... 1,690,081 1,661,147
1,348
6,839
4,737
St. Joseph Gas L. Co. Jan........................................
16,845
41,217
35,153
July i to Jan. 3 1 .....................
Staten Tsl. Rap. T r.b—
76,246
81.973
Oot. 1 to Deo. 31.......
170,795 171,144
282,382
257,53*
Jan. 1 to Deo 31.......
663,199 647,811
1,402
21,612
75.692
23,166
C>1.Peoria* West.b.Jan.
80.812
167,824
168,201
596,176
July 1 to Jan. 31 .. . 598,613
si'.ooo
4,000 Western Gas Co.—
50,888
52,896
MUw’kee Gas-L.Oo.Jan.
........
86,257
29,411
27,857
14,511 West.Va. G.&Pittsb.. Jan. 98,301
671,343
214,508
206,525
675,662
July 1 to Jau. 31......
a Net earnings here given are after deduoting taxes,
40,535
b Net earnings here given are before deduoting taxes.
815
2,000
6,546
1,202
4,842
540

4,605
20?,757

F o r th e fo u rth w eek of Jan u ary our final statem ent
covers 93 roads, and show s 10'4i per cent increase in the
aggregate over the sam e w eek last year.
4fA week of January.

[V ol. L X VIII.

C H R O N IC L E ,

Decrease.
9
40,024

In te r e s t C h arge s and S a r p ln s .— The fo llo w in g roads, in
addition to th eir gross and net earnin gs given in the fo re ­
going, also report charges for in terest, & o., w ith th e surplus
or deficit above or below those charges
~>
— -Int., Rentals, <£c.— —Bal. o f Net
1898-9.
1897-3.
1898-9
S
Ronds.
$
$
B ingor & Aroostook—
72,400
25,691
74,881
Oot. 1 to Deo. 31.......
47,388
298,233
285,201
Jan. 1 to Dao. 31---- 39,113
36,582 def. 2,071
Ohio. * W. Miah.......Deo.
20,772
420,161
415,971
Jan. 1 to Dec. 3 1 ....
Det. Gd.Rap.*West.—
195,027
134,341
205,686
Jan. l t o Deo. 31---115,963
285,566
285,572
Mo.Kansas & Texas. Deo.
941,9L4
July 1 to Deo. 3 1 .... 1,713,547 1,713,612
14,265
126,569
Nashv. Chat.* 8t. L. Jan. 131,865
897,240
July 1 to Jan. 3 1 ....
918,638
425,681
625
22,541
22,372
Pol. Peoria & West.. Jan.
10,800
157,0 24
156,610
July 1 to Jan. 31---21,703
5,586
23,825
W.Va.Cen.*Pitts___Jan.
163,600
154,058
50,903
July 1 to Jan. 31----

Earri’gs.1897-98.
*
19,404
20,220
def.5,3 47
def.62,784
97,558
109,083
1,018,681
21,672
310,406
def. 760
11,591
6,157
52,464

STREET RAILWAYS AND TRACTION COMPANIES.

The fo llo w in g table shows the gross earnings to r the la te s t
period of a ll s tr e e t ra ilw a y s from w hioh w e are able to o b ­
tain w eekly or m onthly returns. T he arran gem en t of the
table is the sam e as th a t fo r the steam roads— th a t is, the
first tw o colum ns o f figures g iv e the gross earnings fo r th e
latest w eek or m onth, and the last tw o colum ns the earnin gs
724 for the calendar y ear from Jan uary 1 to and inoludiug s u ch
•....... latest w eek or month.

February lt>,‘ if 99.]

T H E

C H R O N I C L E .

STREET RAILW AYS AND TRACTION COMPANIES.
G ross

E abhikos .

Latest Grots g a m in g s.
Week orAfo 1898-9- 1897-8.

Jan. 1 to Latest D ote
1898-9.

18H7-8

$
*
$
$
96,053 101.320
6.447
6,98?
53 611
January... 53,611 49,30’
49.3 1
4,667
53,971
4.597
49 376
Decern her.
___ ___
7.643
6 624
December.
January... 180,576 167.526 180,576 167 526
7.353
7,3 53
6,253
6.253
January...
10,917
11,102
J ab nary. .. 30.917 11.102
December. 28,129 27,632 352,626 321,447
December. 27,030 26.902
November. 174.SU 150,015 1,547,594 1,533,861

A k ro n B edTd A Clev. December.

AmAterdam 8 a Ry.
Atlanta Railway ...
Baltimore Con. Ry," Bay Cities C onsol...
Binghamton St. Ry..
Bridgeport Traction
Brockton Con St. Ry
Brooklyn Elevated.
Br'klyn Rap. Tr. Co.Brooklyn Heights /
B'klyn Q’ns A 8 nb. (
Charleston City By
Cln. A Miami Val.
City FJeo. (Rome.Ga.
Cleveland Electric..
Cleve. Palnsv. A E.
Columbus S t By. (O.
Denver Con. Tratnw.
Detroit CltPns’ 8 t-B>

Detroit Elec. Ry......
Detroit Pt. Wayne A

January... 152,347 396,148
December. 13,669 13.549
8,474
Jan miry...
4,323
1,791
December.
1.899
January... 140.471 135,523
7,713
7,139
December.
.January... 57,991 54.2-83
December. 68.841 64,995
UhwkJan 31,159 28,754
|
ItbwkJan. 11,173 10,651

ithwkjan.
January...
December
Erie Klee. Motor...
HarrUburg Traction December
Herkimer Mohawk 1
1
Ion A f"kfort El. Ry December.
Houston Elec. St. By November.
Interstate Consol, to I
North Attleboro... 'January.
January...
Kingston CHy Ry—
J anuary,..
January...
January...

452,347
172,138
8.474
23.508
110,471
105,362
57.991
753,1*4
98.055
35,065

356,143
4,328
23,013
135,523
87,585
54-2R8
723,3*7
91,585
33,56;

4,721
11.114
12.417
22,621

4,477
14.359
12.187
20.127

14,973
14.414
144.41M
301,468

14.391
14 359
140,84 s
228,527

3,44*
16,851

3,49240,682
15,09 41 181,170

39.609
169.20?

10.754
4,272
8,352
3,419
8.394
5.060
34,144
Dowell Law. A Hav.
Metrop. (K stilus* City id wk Oct. 37 12*
Metro. W. Side (Chla January.,. tl 6.740
Montreal Street Ry. January.., 125.27(3
5.064
Mnscatlne St. Ry,. .. January..
iIteewtaher. 31.92b
Nassau Klee. lU'klyi January... 144.76*
l
Newbnrg 8A Ry....... January. .
i teoecuber
3.065
Hew London St. Ry
Hew OrleansTraotlo > *December. 113,^61
October... 16,241’
Horth Ohio. 7 , Ry.. December. 2*6,891
Nona enure jractioi December. 113,865
1,26*
Og4*-n«bttrg 8 t- Hy.. December.
Paterson R y.......... . January... 29,166
Richmond Traction. iDecember. 12,674
7.892
BoiOTtCh H AN oPt December,
4.241
Sehaylklll Val. Tr»r January. .
3.029
Seranton A Carbondh December
IDcomber
5.441
Scranton A Plttaton
Scranton R ailw ay... January... 30,214
Stat-n Island E le c .I (.» comber 12,.598
Syracuse Kao. Tr. K> iJanuary... 40,600
j 80,774
Toledo Traci
Toronto Ry.
(January... 95,690
Twin City Rap. Tran
Onion (ff. Bedford) |lanuary... ! 15,447
United Tract. (Pitts.) January. ■119 59C
United Tract. iProv., i November. 134,960
Ua it. Trac. i Reading December 15,23.3.661
Wakefield A Stone.. (January..23,12
Waterbnry Traction. January..
i
West Chicago St. Ry l s tv k Feb 69,281
Wheeling Railway. 1N vciti her 17.111
'o
Wilkes A Wy. Val.. (January... 40.716

10,75?
9,934
9,934
4.272
4.000
4 000
8.170
8,170
8,352
3.4D
3.00J
3.003
7.705
7,70b
8.19?
3,486
3.486
5,060
32,882
36,993 1,655,442 1,495 773
116,7*0
99,632
99,632
110, 56 125 27b 110,158
4,9J9
5,061
4.939
.. . . . .
135.439
144,7* 6 135.439
4.921
4 921
4,-88
55.754
53.473
3.311
107.936 1,316.791 1.237.2«>
124,030
12,882 1*8,273
24 4.8^9 2,931,125 2.819,*99
108,77. 1,195,1 -C 1,450.585
19,76
19.323
27.462
27,462
29,165
132,697
10.294
147,631
5,079 109,59*
85,23?
4,240
4,006
4.066
35.442
3,339
............
61.901
5.825
30,241
30,166
30.166
12.315
37.4*7
40,604
37.4*7
73,0086.562
95,690
86,562
2.17U.7 6 2.009.121
15 802
15,802
15 437
117,960 119.590 117.960
141,881 1,616B77| 1,682,3**
14.168 202.226 194.0 9
3.651
3.#11 4
3,6 U
22.235
23 123
22 235
67,175 | 347 9 fi! 338,371
14,436
178,02! 1 152,366
1 40,710
40,3.56

* Includes Baltimore Traction and City A Suburban tor both years.
S tre e t H allw ay Net t u r n in g s .— T h e fo llo w in g ta b le R ivet
th e returns o f S t r e e t ra ilw a y gross a n d n e te a n n n g s r e c e iv e d
th is w eek . l o re p o rtin g these n et ea rn in gs for th e street ra il­
w ays, w e a d o p t the sam e plan as tiia t fo r th e stea m roa d s—
th at is, w e print e a ch w eek all th e retu rn s re ce iv e d th a t
w eek , b u t o n ce a m on th (on th e th ird o r th e fo u r th S a tu rd a y )
we b rin g tog eth er all th e roads fu rn is h in g retu rn s, and the
latest sta tem en t o f th is kind w ill be fo u n d in the OlIRONICLB
o f J a n u a ry 3 1 , 181*9 . The n e x t w ill appear In th e issue of
F e b ru a ry 25, 1899.
-Gross Barnings.1*98-9.
1*97-8.

9
R oads.
*
Bay Cities Co 0 . 8 1. Ry.Jan.
7,353
6,253
Binghamton 8 t B y..Jao.
1 1 ,1 0 2
10,917
Bullaio Railway b—
Oct. 1 to Dec. 3 1 ,....
341,211
344,037
Jao. i to Deo. 3 1....... 1.297,10* 1,361,166
Cross town S t Ry. (Buflaio) l>—
Oct, 1 to Dec. 3 1 .......
132,431
123.754
Jan. 1 to Dec* 3 1 . . . . .
483,007
48S.SU
98.055
Detroit Clt’s* 8 A Ry .Jan.
91,585
Detroit Electric Ry.J an.
35,066
33,567
Dot. FAW ,AB.I.Ry..Jan.
14,391
14,973
Inter-St Oon. S 6.R y,J»n.
10,754
9,934
8,352
Lehigh Traction__Jan.
8.170
60,34 1
68.334
July l to Jan. 31 . . .
Lima Ry. (O hio)..... Jan.
3,419
3,003
8,194
London 8 ARy.(C»n.)J»n.
7,705
Manhattan Elevated....... In List of Steam Roads,
Metr.W.SIdeEl .Chin.Jan. 116,740
99.632
5,064
Muacatin* El Ry , .fan
4,939
July l to Jan. 3 1 ....
35.250
33.313
Newtrar* Rlectrrio...-J»n.
4,385
4,921
July 1 to Jan. 3 1 . . .
55,470
53,787
Paterson R ailw ay,..Jan,
29,165
27,432
Rochester Railway !>
—
O ct 1 to Dpc . 3 1 .__
214,563
201,283
Jan. t to Deo. 3 1 .....
817,073
795,386
8 ebny). Val. Trac*. .Jan4,240
4,066

-Gross Earnings.1898-9.
1897-9.
Roads .
$
s
Scranton Railway...Jan.
30,244
30,166
July 1 to Jan. 31 ..
234,961
233,645
Southern Boul. (N .Y .).b —
10,022
Oct. 1 to D' O 3 1 .. ...
.
11,475
Jan. 1 to Deo. 31.......
45.196
48,179
Staten Isl. Elec.........Dec.
12,598
12,315
Union 8t. Ry. (N.Y.) t»—
164,699
OoA 1 to Deo. 3 i ____
146,758
Jan. 1 to Deo 31 . . .
661,375
569.209
United Trao. (Pitts.)Jao.
119,590
117,960
857,159
July 1 to Jau. 31___
939,690
iVat^rbarv Traot’n.-Jan.
23,123
22.235
Oct. 1 to Jao. 31 ___
96,438
91,358
Westchester Electric b—
Oct. 1 to Deo 3 1 .- -...
30,048
29,634
Wilkesb.A Wy.Y.Tr.Jan..
40,7 L7
40,356

*
1,704
3,137

189.536
835,091

173,825
685.324

46,201
159.823
44.361
12,098
5,587
1,290
26,8 48
1,019
2,137

42,623
169,929
42,253
11,786
5,185
1,438
588
33,145
823
2,574

42,165
1,188
12,776
482
27,13*1
10,800

36,017
1.364
9,418
899
24,0*6
10,738

91.345
324,903
714

82,223
314,547
464

1 ,2 1 1

—N et E a r n i n g s .— —
,

1898-9.
$
14,468
123.034

1897-8.
13,957
123,569

2,410
1 9 .U 3
def.702

5,253
19,233
def.4,548

-54,830
227,333
55,169
515,574
9,547
40,135

59,498
234,335
59,205
47o,834
8.693
39,943

5,368
23,480

5.384
22,56

s

in te r e st C h a rges a n d S n r p ln s . — The follow in g S t r e e t
railw ays, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, & o ., w ith th e
<urplus or defioit a b o v e or below those charges
,— In i., rentals, u e.— . —flat, o f Net E a rn s.-.
S
1899.
1*98.
1*99.
1898.
Roads.
$
$
$
$
Paterson Railway...Jan.
9,075
8,900
1,725
1,836
United Tract.(Pitts.) Jan.
51,715
50,078
3,454
8,527
July l to Jan. 31 .. .
363,103
152,471
144,046
331.788
4 aterhary Trao. Co .Jan.
3.303
6,244
5,416
3,277
Oct. 1 to Jan. 31.
12.645
24,963
14.980
27,400

ANNUAL REPORTS.
A n n u a l R e p o r t s .— T h e fo llo w in g is an in d ex to all annua 1
reports o f steam railroa d s, street ra ilw a y s and m iscella n eou s
jotnpaniea w h ich h av e been pu blished sin ce th e la st ed ition s
if the I nvestors ’ a n d St r e e t R a i l w a y S u p p l e m e n t s .
This in d ex does not in clu d e re p o rts in to -d a y ’ s C h r o n ic l e ,
F u ll fa ce figu res in d ica te V o lu m e 67.
k a ilb o a d s and Miac. Co's—
R ailroad and Mi s . (Jo’s ,— (O on)~
Y otum e 6 8 — .
P
Y n lu m r 6ft—
P a g e. I
L age.

Western Maryland ......................
5579
278
Str eet R a il w a t s .
lw
i
Volumes 07 and 08—
Paae.
27H
S 39 \ Host on Elevated Ry .. ... ... 1 1 0 7 ,2 7 9
S
______ 127
229 Colcatfo City Ky . ___
D-L Laclfc. t Wpnl R ! t .............. 1“* i I^tke Slree- HJI-v’ d (Chicago. III.). .128
- 127
DUM
BOCM M i t c h ...........................
238 i N or' ti OnicaKO S tre e t l il t ........ .
I North -‘hore Crmctlon.............. . .1*200
Peonies lias Light & Coke o t
Cb»»*a*o
280 I Northwest. Kiev. (Chieavo, III.),. .127
s .utb Side Ei. Hit. iniilcairo. 111.) 228
S t Loal* Southwestern Ry.
( flt.il. Vfjr,t
s o n. m .
. *7&
Sfet_iw>n <4 »bn B ,)C o — . . . . . . .. tH9
Street r We* lorn Stable Car H u e
i
229
Torre llsu te InU. Klee. K '.. . . 1 3 0 0
Union Kiev. Ry. (Chi ugu- 111.)........279
N o rth e rn C e n tr a l Chicagooaire.e l H R ........ ,-.,.127
W e«t R a ilr a d

Amor. DUt. Telegraph C o...........
Ann Arbor Hit
. ....................
At! untie x Danville R R -..............
Centra! K H Of V J .....................
Central Union T elephone...........
'Ulcact* Teletih*»ne ...... .......... -

fJR dport f o r th e y e a r e n d in g D eo. 31, 1893.)

T he a n n u a l r e p o r t w ill b e p u b lis h e d in the C h r o n i c l e n e x t
w e e k . In t h e m e a n t im e
m e n t is g iv e n :

t h e f o l l o w i n g c o m p a r a t iv e s t a t e ­

1898.
Gross rarnings.................. .......$8,604,028
Operating expen ses........ ....... 4,811,242

1897.
$0,7<9.7O3
4.798,307

1896.
$0,280,602
4,643,105

.......81-952.7*6

♦ 1,931.’ ti
366,788

$1,043,497
40,0,075

___$2,330,940
$480,078
796,574
520,267

$2,301,124
$174,306
831,153
520,207
09,796

$2,043,572
$430,592
843.632
526,267
159,491

$1,953,023
Surplus — ......... -................. $403,317
—V. o7, p. 120.

$1,904,520
$396,604

$1,965,982
$77,590

Other Income.....................
Rental-**, etc__ _

......

......
Dividends, 7 per cent___ . . . . .
Miscellaneous. —. . - ..........

P h ila d e lp h ia W ilm in g to n Sc B a lt im o r e R a ilr o a d .

( Report fo r the year ending Oct. s i , 1898.)
T h is roa d is leased to the P en n sy lv a n ia R a ilro a d and its
operations have been as fo llo w s :
BABNIXOS AND EXPENSES.

—Net E arnings.—
1898-9
1897-8

*
2,065
1,941

325

E arnings—
t ............

Passenger .......

M is c e lla n e o u s .,

1894-5.
1895-0.
1896-7,
1897-8.
$
$
$
4,478,688 3,892,093 4,108,110 4,188,932
4,135,279 3,970,581 4,010,807 4,078,913
874,687
928,762
923,414
987,598

9,001,563 8,791,416 9,047,131
Expenses—
Mai otenanoeof way, etc. 1,905,075 1,329.062 1,327,145
989,243 1,150.153
Do
equfpm't. 1,000,370
Conducting transports. 4,045,892 3,921,683 4,049,467
161,243
164,217
169,549
G en eral............................

9,142,532

6,694,008
2,353,123

0,520,891
2,615,642

Total...........................
Net earnings....................

7,120,892
2,480,671

6,404,205
2,387,231

1,297,424
1,101,747
3,969,866
157,854

INCOME ACCOUNT,

Net earnings....................
Other In com e....,...........

1897-8.
$
2,480.671
431,129

1890-7.
$
2,387,231
459,460

1895-0.
$
2,353,123
550,927

1894-5.
$
2,615,042
509,169

2,911,800

2,846,691

2,904,050

3,124,811

Dividends..........................

255,200
255,200
27,533 t
38,439
9,860 ?
1,128,509 1,057,815
197,150
268,876
197,129
219,074
827,355
827,3*4

255,200
02,368
1,170,600
87,948
184,409
827,354

255,200
68,829
1,330,007
26,287
175,604
827,354

Surplus.

2,736,406
175,39

2,587,870
316,171

2,083,401
441,410

Total...........................
Dediut—
Interest on bonds...........
Interest on oa r trnets
G r o u n d r e n t s ....................

Rentals.......... ...................
E x tr a o r d in a r y e x p e n s e s
T a x e s and m is ce lla n e o u s

2,573,088

T H E

3^6

C H R O N IC L E .

CHICAGO COMPANY EARNINGS (INCL. C H . JUNC. RY . IN 1 8 9 8 ) .

GENERAL BALANCE SH E E T O CT O B ER 3 1 .

181*8.
A t sets.
t
Rond A equip......16,488,904

1897.

I

1897.

1808.
U a b iU tie s .

[v o l . l i X V i n .

$

15,483,904 Capital stock----- 11,819,350 11,819,350
388,180 |BoDds (see SUP.). 5,730,000 5,730,000
Real estate........ 388.136
M ortg’s & ground
B eads A stocks
164,002
164,002
rents
owned .............. 3,929,536
601,205
713,042
Due from other
01,010
64.140
Pay rolls & vc‘hs.
ccb. (traffic)......
99,208
4:3.101
4:3,240
84,266 I Interest...............
Duo from other
975,795
1.267,609
851,363
I D itto e n d s ...........
oos.(other accts) 342,849
692,000
277,210 Duec’mrPd roads 728,000
Due i rom a«t«, A c 316,771
2,080,225
326,021 Sinking funds — 2,754,082
Materials on hand 146,685
692,000 Profit and loss...
Finking funds—
728,000
1,600,390
Cash...................... 2,278,3:0

I

Total assets......23.713.406 23.2f2.688 I Total llabilltle8..23,713.465 23.262,688
—Y. 66. p. 233.

Santa Fe P rescott & P h oen ix Ry.

( Official Statement to New York Stock Exchange.)
T he co m p a n y re ce n tly p la ced on th e regu la r list o f th e
N e w Y o r k S to ck E x ch a n g e $4,940,000 first m ortg a g e 5 per
ce n t g o ld bonds, dated Sept. 1, lb92, and d u e Sept. 1, 1942;
b o th p rin cip a l and in terest p a ya b le in N e w Y o r k in g o ld coin
o f th e present standard.
T h e official statem en t says :
The company was incorporated May 27,1891. Its railway, extend­
ing: from Ash Pork, Arizona, via Prescott, to Phoenix, 197*6 miles, has
been fully operated since Mar. 12,1895. At Ash Fork connection is
made with the Atchison System and at Phoenix with the Southern
Pacific, thereby bringing the principal cities and towns of the Terri­
tory into close relationship with the Eastern and Western markets.
The railroad is standard gauge and laid with 56-65-pound steel rails.
The first mortgage 5 per cent gold bonds are outstanding to the
amount, of $4,940,000, being at the rate of $2r*,000 per mile of con­
structed main line. The total authorized issue is $5,000,000. The
bonds are secured by a first mortgage, dated Sept. 1, 1892, to the Mer­
cantile Trust Co. of New York, as- trustee, on the entire line of rail­
way hereinbefore described, together with all equipment and appurtances now or hereafter acquired for use thereon.
By contract the Atchison Topeka & Santa Fe Railway Co. coven­
ants to pay to the trustee of the mortgage securing these bonds an
arbitrary 5 percent of the gross revenue earned on the lines of the
Atchison, on ah business interchanged with the Santa Fe Prescott &
Phoenix, to be used by the said trustee iu payment of interest matur­
ing on tbe said bonds from time to time.
By legislative enactment the company and its property are ex­
empted from taxation for twenty years f'ora the year 1894. Since
J u n e 30,1897, all expenditures for betterments and improvements
have been charged direct to operating expenses Such expenditures to
the amount of about $30,000 have been absorbed in operating ex­
penses sine* the construction account was closed.
If required all surplus earnings remaining after payment of opera­
ting expenses and interest on the first mortgage bonds may be used
In permanent improvements, or additional equipment, or for repairs
or renewals made necessary by extraordinary and unusual casualties,
as provided in a certain contract under which the holders of $2,910,000 of the second mortgage bonds have deposited them or agreed to
deposit them with the Central Trust Co. against its certificates of ben­
eficial interest.
Officers: Frank M. Murphy, President and General Manager, Pres­
cott, Arizona; C C. Bowcd, Secretary and Treasurer, Detroit, Mich.
Directors: FrankM. Murphy, E. B. Gage, Prescott, Arizona; D. M.
Ferry, C. C. Bowen, Simon J. Murpty, Detroit. Mich.; W. K. Fairbank, Jay Morton, C. W. Kretzinger, Chicago. 111.; Robert McCurdy,
YoungBtown, Ohio.
General offices are at Prescott, Arizona. Transfer agent in New York
for transfer of registered bonds Harvey Fisk & Sons.
The last annual report was given in V. 67, p. 631. - V. 68. p. 86.

C hicago J u n ction R a ilw ays & U nion Stock Yards Co.

(Report fo r year ending Dee. 81, 1898 )
P resident D ep ew 's rep ort says in su b sta n ce:

,------------ Year end. Dec. 31.------------ .
Year.
1898.
1897.
1896.
1894 95.
Grosa earnings.......... $3,731,542 $3,321,423 $3,313,578 $3,354,560
Operating expenses. 1,540,430
1,389,192
1,329,311
1,251,413
Net earnings....... $2,191,111

$1,932,231

$1,984,267 $2,103,147

INCOME ACCOUNT IN 1898.

Netearninge (including
Stock Yarda Co.)...... $1,523,472
Junction Railway Com
pany..............................
667,639

Less interest and taxes,
Okie. Juno Ry.,9 mos. $119,905
Less fixed charges,Cliic.
H.&W.Ry,3mos,assu’d
47,819

$2,191,111

Balance, net................$2,023,387

CHIC. JUNC. RYS. & UNION STOCK YARDS CO. HA LANCE SHEET DEO. 31.

1888.
l A n b i U H e t .-

t

Preferred stock.... 6,500,000
Common stock_ 6,500,000
_
Bond 8
...12,975,000
907
Dividends unpaid.
A ccrued interest.. 326,050
Surplus account .. 179,363
Div. pay. Jan., ’ 98. 357,500
28,382
Inc. & expend.acct

1687.
$
6,500,000
6 500,000
12,614,000
1,197
317,550
179.0L8
357.500

1898.

Assets—

$

1897.
$

Purchase account.22.744,494 22,744,494
Investm ent a cct 2,789,940 2,879,4*40
Stocks, bonds, etc. 553,074
183,375
Casd........................
59,059
24,198
Coupon................... 362,228
351,940
D ivid en d ...............
358,407
358,697

43,380

Total................ 26,867,201 26,542,645
— V. 67, p. 1262.

T o ta l................ 26,^67,201 28,542,645

H u ntingdon & B road T op M ountain R R . & Coal Co.

( Report for the year ended Dec. 31, 1898. J
T h ere w ere m o v e d in 189? a total ton n a g e o f 2,562,045 ton s,
com p a red w ith th at o f 2,526,286 ton s in 189?, s h o w in g an
increase fo r the yea r 1898 o f 85,809 tons. C oa l co n trib u te d
2,040,910 ton s, as again st 2,061,589 ton s in D 97.
Earnings, Etc .— Results fo r fo u r years h a v e b s e n as fo llo w s :
R E C E IP T S AN D E X P E N SE S.

1898.
$
Total earnings............ ...........508,747
Expenses.................... ............275,933

13 7.
$
509,540
263,515

Net earnings........
D educt—
Interest on bonds....... ...........107,260
Dividends.................... ........... 99,523

244.025

299,212

352,021

108,655
134,020

106,190
181,151

110,650
200,872

1896.
$
583,362
284,150

1595.
¥
648,001
295,9 33

Total...................... ...........206,783
Balance......................

240.675
28 7,341
311,522
sur.3,350 sur.11,871 s ur.40,499
BALANCE SHEET DEC. 31.

1897.
1898.
1893.
1897.
L iabilities—
$
Assets—
S
$
S
Construc’n & equip.5,949,060 5.947,979 Stock (see S u p p t .) .3,371,750 3,371,750
33,383 Bonds (seeSUPPr.) .2,280.500 2,280,500
Book accounts........
31,773
63,519 Scrip, conv. into st’ k
03,559
Real estate
283
363
14,0*2 Int.& div. unpaid...
9,270
12,'<01
General supplies —
9,863
18,143 Bills payable...........
30,000
30,000
Cumberland Mine...
200 Pay-rolls.................. 13,079
1,483
12,559
Bills receivable _
_
4,545 Vouchers..................
4,045
Insur.,*‘car tr. ca rs”
10,244
11.617
145 B ook accounts ---12,751
Phila. Bourse stook.
9,395
Balance in hands o f
Addition to H.&B.T.
131,728
03,807
Treasurer ............ 151,36 7
con .ca r tr.fu n d s.. 56,216
Proiit and loss........ 432,902
422,871
T o t il ................. 6,210,994 0,212,714
- V . 60, p. 331

T otal................... 6,216,994 6,212,714

C olum bus S treet R a ilw a y .

fReport fo r the year ending Dec. 31, 1898.J
Statistics . — T h e rep orts o f th e co m p a n y s h o w :
1898.
1897
1896.
1895.
Total pass, carried.. 14,905,955 13.294,530 13,810,455 13,841,869
Car miles r a n .......... 3,638,558
3,514,545
3,860,540
3,592,333
Rate of oper’ing exp. 48*20%
47*30%
49*2%
49*7%
18 '8. 1897. 1896.
Per car p er
1898. 1897. 1896. 1P er ca r p er
Cts.
m ile—
Cts.
Cts.
Cts.
Cts.
mile—
Cts.
!
0*6
.18-30 16-80 16*20 1Matnt. of way..l*o
0-6
0*7
7*90
8-00 | Do.
eijuip.0-8
Oper’ing exp... 8*70
0*8
8-20 |Power..............0 -7
. 9-60
8*90
0-7
0-7

On Dec. 1 5,1 - 97, the Chicago Stock Yards Co. leased its track sys­
tem, together with its locomotives and equipment, for a period or fifty
years to the Indiana State Line Ry. Co., the entire capital stock of which
($200,000) was owned by your company. The rental reserve assures
the Chicago company ample returns for the value and earning capac­
ity of the property leased. On Jan. 1, 1898, an agreement of con­
solidation was entered into between the Chicago & Indiana State Line
Railway Co. and the Chicago Hammond & Western RR. Co. whereby
these two companies were merged into a new corporation formed for
this purpose, and called the Chicago Junction Railway Co., with a
capital of $2,200,000, the capital stock of the two first-named com­
panies being exchanged for the stock of the new company, share for
share. All of this stock of the consolidated company is now owned by
your company except the few shares held by and qualifying the di­
rectors. This consolidation took effect upon the completion of the
Chicago Hammond & Western RR. April 1, 1898. The earnings of the
trackage system of the Chicago company heretofore shown in its
statements will appear after that date in the statements of the Chi­
cago J unction Railway Co. S nee the completion of the road the gross
and net earnings have shown a steady increase each month. Every
effort is being made by the railway company to secure and locate on
the line of the road local industries, such as elevators, manufacturing
plants, etc.

Total..................................... $327,691 $286,874 $308,446 $311,595
Net earnings from operat’n .$352,480 $319,047 $318,515 $314,890
Other earnings.........................
8,860
5,397
4,363
3,510

Live Stock Receipts — T he fo llo w in g is a com p a ra tiv e state­
m e n t o f liv e stock and ca r receip ts at th e C h ica go Y ard s fo r
each o f the last tw o years:

Total..............................
$361,341 $324,444 $322,878 $318,400
Fixed charges........................... $205,964 $200,151 $196,500 $183,506
Dividends.................................. 120,000
120,000
120,000 120,000

Gal. Tr.
1 8 9 8 ..
1 8 9 7 ..

Total.................................. $325,964
Surplus................................... $35,377

Cattle,
Calves.
Hogs.
Sheep.
Horses.
..2.480.897 132,733 8,817,114 3,589,439 118,754
..2.554.924 122,976 8,363,724 3,606,640 111,601

Oars.
276,043
279,662

Statistics .— T he earnings, b a la n ce sheet, & c ., h av e been:

T he earnings, e tc ., w ere as fo llo w s :
1898.
Gross earnings........................ $680,172
Expenses—
Maintenance of way.............. $37,279
Do.
equipment.. 31,661
Conducting transportation.. 169,713
Power........................................
28,168
General.....................................
60,870

1897.
$605,921

1896.
$626,961

$ 6 2 6 ,4 8 5

$23,413
25,967
165,322
26,565
45,606

$23,457
29,899
178,982
28,477
47,631

$ 3 2 ,2 0 3
3 8 ,4 4 8
1 6 8 ,0 2 7
2 7 ,4 4 0
4 5 ,4 7 7

$320,151
$4,293

$316,500
$8,378

1895.

$ 3 0 3 ,5 0 6
$ 1 4 ,8 9 4

CONDENSED BALANCE SHEET JANUARY 1.

1«98.
1897.
A s s e ts 1899.
IN CO M E ACC OU N T.
Plant, property, <fec.^..................... $6,346,755 $0,291,953 $ 6 , 3 2 2 , 7 7 6
,— Calendar years.— * r-Y rs. end. June 30.— Crosstown St. Ry. Co., lease and
v
1898.
1897.
1896.
1895.
572,000
5 7 2 ,0 0 0
ownership......................................
572,000
32,867
33,1 L»
Park construction, &o....................
Bal. from previous year..
43,379
26,987
11,000
23,620
6 4 ,0 0 0
79,894 Bonds owned.........................................................
Div. from U.8.Y.&T.Co. >
1,693,159 1,692,809 C a sh ........................................ .........
4,247
1,769
6 460
Interest........................ 5 1,699,382 P ’697 ’g57
8,350
23,000
30,514
23,925
7,685 Accounts and bills receivable . . .
927
6,141
Prepaid insurance, &o.........
784
Total................ .
1,742,761 1,732,783 1,725,129 1.780,388 Supplies on hand....................
962
999
636
Paym ents—
17,515
Prepaid accounts....................
19,980
7,043
General expenses, etc.
$70,932 $115,743 Sinking fund account............
23,614
$724,380
Interest..........................
637,350
641,025
Dividend....................... .
910,Onn 910,000
$6,954,481 $6,998,658
910,000
Total.................................... $7,033,857
91i ,0 t0
Depreciation.................
90,000
90,000
90,000
90,000
L ia b ilitie s —
Capital stock......................................$3,000,000 $3,000,000 $3,000,000
Total........................... $1,0 24,380 $1,689,403 $1,708,782 $1,756,768 Bonded debt............................ 3,000,000
3,001,000
3,000,000
Surplus..............................
$28,381
$43,380
$16,347
$23,620 Crosstown St. Ry. Co. 5s,guar.
572,000
572,000
572.000
39,193
Reconstruction reserve........
38,531
38,574
T h e C h icago J u n ctio n R a ilw a y C om p a n y’ s sta tem en t o f
158,418
Bills payable............................
145,0o0
125,500
earnings fo r the nine m on th s en d in g D ecem b er 31 sh ow s : Accounts payable...................
14,960
34,074
15,354
8,163
G ross earnings, $1,253,481; expenses, $584,842; n et earn ings, Accrued interest, taxes, &e...........
13,227
6,414
204,924
Profit and loss..........................
231,025
196,639
$667,636. T he tota l fo r b oth th e R a ilw a y and th e C h ica go

C om pany fo r the year o f 1898 as com p a red w ith th e C h ica go
C om pany show s :

Total..............
—V. 67, p. 1160.

.$7,033,857

$6,951,181

$6,999,658

T H E

F e b b u a b y 18,1 899,]

C H R O N I C L E .
i

.... ..........- I -.........

327
~

.

,i

i'

~~~— rrr^r..

—

1 co u n t, fro m w h ic h a t th e ir J a n u a ry m e e tin g th e (lire o to rs d e ola red a
d iv id e o l o f 1 uer c e n t o>i th e c unm on s to c k , p a y a b le M a rch t , 1 8 9 9 .
f Report fo r the year ending Dec. SI, 1898. J
| L ib e ra ! e x p e n d itu r e s f o r m a iu te n a n ce a n d re p a irs w e re m a d e in th e
! p e rio d u n d er r e v ie w and ch a rg e d t o c u rre n t e x p e n se s
The cost o f
P resid ent N e w co m b at th e ann ual m eetin g s a id :
m a n u fa ctu re , a d m in istra tio n a n d s e llin g has b een re d u c e d b y e c o n ­
T he o u tlo o k t o r th e c o m p a n y ’ ? b u s in e ss is m u ch m o re fa v o r a b le o m y and c o n c e n tr a tio n w ith o u t s a c rific e o f q u a lity in th e p r o d u c t
th a n ap p ears o n th e fa ce o f th in gs. Tn 1 8 0 1 w e h a d a to n n a g e o f o r e ffe ctiv e n e s s in its d istrib u tio n . T h e tra d e l o r th e ltrst m o n th o f
8 0,0 00 . O u r p rofits w ere re s p o n s ib le fo r th e co m p e t it io n th a t f o l ­ 1 89 9 le a d s us t o e x p e c t a n in c r e a s e d b u sin e ss f o r th e y e a r.
lo w e d . I n 1894 profits a m ou n ted t o o n ly $ 5 2 ,0 0 0 . In 1 89 8 o u r t o n ­
Earnings, Etc. — R esu lts f o r f o u r years w ere as fo llo w s :
nage w as 3 7 ,0 0 0 . In 1 89 7 it w as 6 1 ,0 0 0 , a n d la st y e a r it w a s 7 0 .0 0 0 .
W e w ou ld h a v e b een a b le to resu m e d iv id e n d s a t th e rate o f 4 p er
1998.
1897,
1896.
1 89 5 .
c e n t d u rin g the y e a r b u t fo r tw o ca u ses. In the first p la c e , In w in d in g
$
$
$
$
1 ,2 4 1 ,8 3 9
1 ,5 3 2 ,3 7 6
1 ,1 7 4 ,9 9 4
tip the S ta n d a rd D is trib u tin g C o. w e w ere o b lig e d t o w rite o ff b etw e e n jSet e a r n in g s ___ . . . .
1 ,2 8 1 ,2 6 1
$ 3 0 ,0 0 0 and 8 10 ,00 0 . In th e s e co n d p la c e , w h en the w a r cu rta ile d
D iv id e n d o n p r e f .. . 1 ,0 1 3 ,2 8 0
1 ,0 4 3 ,2 8 0
1 ,0 1 3 ,2 8 0
o rd e rs th e in d e p e n d e n t m ills c u t p rice s h e a v ily .
1 ,0 1 3 ,2 8 0
1 4 9 ,0 5 4
N o w b y u n an im ous co n s e n t o f all the c o m p e t it iv e m ills a plan is on D iv id e n d o n c o r n ...
1 4 9 ,0 5 4
f o o t to org a n ize a c o m b in a tio n p u ttin g a ll the o u ts id e m ills in to on e D e p re cia t’ n o f p la n t
2 8 -,1 4 5
c o m p a n y . It w ill be ea sie r fa r us to m ain ta in tra d e rela tion s w ith
o n e c o m p a n y th a n w ith Otteea o r s ix te e n s c a tte r e d s m a ll c o n c e r n s .
T o ta l c h a r g e s ... 1 ,1 9 2 ,3 3 4
1 ,3 3 1 ,4 2 5
1 .0 4 3 ,2 8 0
1 ,1 9 2 ,3 3 4
I f th e co n so lid a tio n is a c c o m p lis h e d I ace n o r e a s o n w h y w e c a n n o t
B a la n c e ............... s u r.4 9 ,5 0 5 «ur.4S9,O 06 d f . 1 5 6 ,4 3 1
s r .8 8 ,9 2 7
p a y r e g u la r d ivid en d s.
P re v io u s su rp lu s ___ 1 ,0 9 3 ,7 6 1
7 6 1 ,1 0 0
6 0 1 ,6 6 3
6 7 2 ,1 7 2

A m e r ic a n S t r a w B o a r d .

A tte n tio n is also ca lle d to the fa c t th a t in tw o yea rs m ore
th e p a y m e n t o f §50,000 a y ea r to th e sin k in g fu n d w ill cease,
as b y that tim e the in terest a ccru in g on th e b on d s in the
sink in g fu n d w ill retire the rem ain d er o f the b on d s at m a tu r­
ity ; a lso that in tw o years the com p a n y w ill have th e rig h t
to ca ll th e bonds and refu n d them at a lo wer rate o f in terest.
Earnings.—T he e a ra in g s fo r five years have been :
G ro ss in c o m e ..
N et p r o fit s ........
O u s t o c k p. c . .
C h a rged o ff . . .

1 89 8 .
1 89 7 .
1 896.
1895.
1 894,
............................... $ 2 ,3 7 8 ,3 9 0 $ 2 ,5 7 5 ,0 0 0 $ 2 ,1 9 9 ,0 0 0
$11 ,8 8 2 $ 8 9 ,7 0 3
113 .23 2
9 M 52
5 2 .6 1 0
1-9
149
1*88
1 '5 5
’ 87
5 5 ,7 7 8 1 0 0 ,0 5 8
......................................
5 2 .6 1 0

Balance Sheet.— T h e balance sheet on Jan. 1 w as:
dJ<r/»—
1899.
1898.
1 89 7 .
1 876
P lants an d p a t e n t s ........$ 8 ,3 2 1 ,3 8 6 $ 6 ,2 4 1 ,8 5 8 $ 3 ,4 1 1 ,6 2 1 $ 6 ,1 0 7 ,8 9 5
5 3 ,2 0 4
4 7 ,3 1 6
P e rso n a l p r o p e r t y ...........
1 0 0 ,1 0 4
1 0 1 ,4 4 0
S to re s.....................................
4 2 5 ,0 0 0
4 2 5 ,0 0 0
2 2 6 ,2 0 4
2 8 -',4 7 9
Merchandise.....................
34,*19
65.061
1 3 6 ,3 4 0
2 1 9 ,7 7 9
S u p p lie s .....................
161 ,26 3
1 14 ,15 9
B IB* r e c e iv a b le .........
1 1 ,5 8 4
2 ,0 6 9
4 9 ,9 2 0
18,919
4 8 2 ,7 0 6
4 2 7 ,6 5 6
A c c o u n ts r e c e i v a b l e ___
3 9 4 .5 3 0
4 7 5 ,0 0 4
3 9 ,6 1 1
11,0 77
S u sp e n se a c c o u n t ____ __
1 3 ,0 0 9
1 2 ,1 9 2
3 8 ,5 8 5
6 1 .3 1 0
6 9 ,7 8 9
1 0 5 .9 6 6
C a sh .................................

P re s e n t s u r p lu s .......
1 ,1 4 3 ,2 6 9
1 .0 8 3 ,7 6 4
6 0 4 .0 6 9
GENERAL BALANCE SHEET DEOEAIBETt 31.
1897.
1 89 6 .
1898.
$
$
$
P lant in v e s tm e n t.. 2 3 .4 7 8 ,5 3 4 2 3 .4 7 4 ,3 8 8 2 3 ,4 6 2,674
O th e r la v e s tm sn L * ..
2 3 0 ,2 5 4
2 3 6 ,2 1 8
2 1 0 ,9 9 0
S took on h a n d .......... 4 ,9 4 1 ,0 5 9
4 ,5 8 7 ,5 9 4
5 ,2 8 8 ,0 6 1
T re a s u ry s to c k .........
1 9 0 ,60 0
190,600
190 .60 0
5 5 5 ,06 1
C ash In b a n k s ...........
3 7 4 ,9 5 9
5 0 3 ,1 9 5
2 1 8 .3 3 3
N ote* reo d v a b le . . .
1 9 4 ,0 6 3
2 4 0 ,2 9 7
1,4 0 2.07 9
1 ,4 6 5 ,4 0 8
A o o o a u ts re c e iv a b le 1 ,5 7 3 ,6 -9
T o t a l ............... .

7 6 1 ,0 9 9
1 89 5 .
$
2 3 ,6 1 3 ,4 6 0
4 3 5 ,6 6 3
4 .8 0 1 ,2 3 1
190 ,60 0
9 3 8 ,2 1 0
3 1 7 ,8 5 9
1 ,2 3 1 ,8 3 9

3 1 .1 5 9 ,3 0 7

3 0 ,6 9 2 ,1 7 6

3 0 ,8 7 8 ,8 6 7

C om m on s t o c k — . . 1 5 ,0 0 0 ,0 0 0
P re fe rre d s t o c k ......... 1 5 .o 0 0 .0 0 0
S u rp lu s D ec 3 1 ......... 1,1 4 3,26 9
1 2 ,6 0 3
M o r tg a g e * .......... .
A c c o u n ts p a y a b l e . ..
3 7 ,4 3 3

1 5 .0 0 0 .0 0 0
1 5 ,0 0 0 ,0 0 0
1 ,0 9 3 ,7 6 1
12,603
5 2 ,9 4 0

1 5 ,0 0 0 ,0 0 0
1 5 ,0 0 ,0 0 0
6 0 4 ,6 0 8
12,603
7 4 ,9 0 4

1 5 ,0 0 0 ,0 0 0
1 5 ,0 0 0 ,COO
7 6 1 ,1 0 0
1 2 ,6 0 3
1 0 5 ,1 6 4

T o ta l...................... 3 1 .1 9 3 ,3 0 5
- V . 68, p. 187.

3 1 ,1 5 9 ,3 j 7

3 0 ,0 9 2 ,1 7 6

3 0 ,8 7 8 ,8 6 7

3 1 ,1 9 1 ,3 0 5

L ia b ilitie s —

P e o p le ’ s Uas L ig h t & C o k e Co. o f C h ic a g o .
( Report fo r the year ending Dec. SI, 1898).
T o t a l ..................................................... $ 7 ,3 5 3 ,3 8 3 $ 7 ,4 4 5 ,0 6 8 $ 7 ,5 1 6 ,3 0 1 $ 7 ,5 8 7 ,2 1 1
A t th e annual m eetin g P resident B illin gs said in su b sta n ce:
L i a b i l it i e s —

C ap ita l s t o c k ..............................................$ 8 ,0 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 ,0 0 0 ,0 0 0 $ 6 ,0 0 0a t 0 0 a l G as S k t t l e v c b s t ,— T he se ttle m e n t o f th e c o n t r o v e r s y
N ,0 u r
A cco u n ts p a y a b le .............
8 1 .0 3 9
1 1 2 ,5 7 9
9 1 ,0 0 0
1 2 0 .2 1 7
w ith the In d ia n a N a tu ra l Gu* A OB O o „ th e d e ta ils o f w h ich w e re
B ills p a y a b le .,...........................................
3 0 0 ,0 0 0
''6 5 ,0 0 0
2 9 5 ,0 * 0 3 7 m,0 0 0 p u b lic ,u till! tim e, w e c o n s id e r a fa v o r a b lo on e to the In te re sts
0 iidc
7 3 5 .9 9 5
8 2 9 .3 8 9
8 3 9 ,4 9 3
9 5 8 ,4 0 6 o f tin s c o m p a n y , a n d a t th e sa m e tim e ju s t a n d fa ir to th e I n d ia n a
B o n d s . . . . . .....................
I n te re s t a c c r u e d .............
1 8 ,9 2 i
2 0 .7 5 0
2 2 ,5 0 1
2 4 .1 7 6
com pany.
S u rp lu s .........................................................
2 1 7 ,4 3 4
2 1 7 .3 5 0
2 2 7 ,7 0 5 1 14 ,41 2 u m e t G a s —T h ere has b e e n c o n s o lid a te d * n d m e rg e d in to th e
Ca l
P e o p le * Vi a s L ig h t A O o k e C o. a co r p o r a t io n k n o w n as th e C a lu m e t
T o t a l.............................. $ 7 ,3 5 3 ,3 3 3 $ 7 ,4 4 5 ,0 6 8 $ 7 ,5 1 6 ,3 0 1 $ 7 ,5 8 7 ,2 1 1
G as Co. T he fr a n c h is e o f th a t c o m p a n y e x t e n d e d th ro u g h o u t th a t
— V . « 7 , p. 1108.
p a rt o f the c it y o f C h ica g o w h ich w a s fo r m e r ly th e c it y o f H y d e
P ark, an d the c o m p a n y o p e ra te d p rin c ip a lly in th e r a p id ly g r o w in g
N a tio n a l B is c u it C om p a n y .
p o rtio n o f the c it y a d ja ce n t t o th e C a lu m e t R iv e r. On J a n . 1 ,1 8 9 9 ,
that co m p a n y o w n e d 2 7 m iles 3 9 4 fe e t o f s tr e e t m ain-,. 2.L 43 m etros
(Report for year ending Jan. St, 1899.)
and 5 9 0 p u b lic lam p s. U n d er the a g re e m e n t o f c o n s o lid a tio n th e re
A t th e annual m eetin g o » W e d n e s d a y P resid ent C ra w fo rd ha* been p a id fo r tn* C a lu m e t G a s Co the sum o f $ 5 0 0 ,0 6 0 , used an d
su b m itted su b sta n tia lly th e fo llo w in g re p o rt f o r th e y e a r i to b e used In re tirin g an e q u iv a le n t a m o u n t o f th e b o n d s o f th a t c o m ­
p a n y , le a v in g o u ts ta n d in g o n ly $ 2 5 0 .O o i o f auoh b o n d s, a n d th e
e n d in g Jan. 31 last:
ca p ita l s to c k o f the co in patty, b e in g $ 1 ,0 0 0 ,0 0 0 p a r v a lu e , has b e e n
“ T h e s m a ll percen ta ge o f p rofit to sales (9'43 p er ce n t) is su rren d ered an d ca n c e le d T h e c o m p a n y w as t a k e n o v e r as o f J a n . 1,
in a cco rd a n ce w ith th e settled p o lic y o f the com p a n y . W e 1899. and we estim ate that tne e a rn in g s o f this p la n t, u n d e r o u r m a n ­
en w
In e x
aim to re d u ce this percen ta ge still fu rth er w ith o u t a ffe ctin g a gemm ot. n t ill b e lv e d . c e s s o f th e a m o u n t re q u ire d to p a y in te re st o n
th e a
u
In v o
th e tota l profits o f th e co m p a n y . W e shall con tin u e to im ­
EXTS.vtit.vo F u e l G a s , —D u rin g the y e a r it w as d e cid e d t o tak e m o re
p ro v e the m an ner o f m a k in g o u r good s and o f p a ck in g them , a g g re ssiv e step s to w a rd e x te n d in g the uso o f Its ga s fo r fu e l p u r­
end a
has
do
re b
as
e s nre
so as t o get th em in b etter co n d itio n to th e con su m er. R e ­ p oses. T opthisIn p la csystem ctu a lbeent,a o r p te 1 w h eb e loy gc o ss toavn d the
sold and u t
e at a
co s
s lig h tly
w
t,
d u ctio n in p rices w ill also in its tu rn inorease con su m p tion , s to v e s a re p a id fo r In Instalm ents. T h ere h a v e b e e n s o ld an d s e t up,
and in itse lf enable ns to decrease o n r percentage o f p rofit on to Deo. 3 t , 1 8 1 8 ,2 0 ,3 4 3 ga* s to v e s , a n d , s o fa r, o u r e x p e r ie n c e d e m o n ­
Bales w ith o u t d im in ish in g th e a g g reg a te v o lu m e o f ou r strate* that th e t n t n d n a t io n o f th ese s to v e * cr e a te s a p e rm a n e n t
so u rce o f in co m e . In o rd e r t o p u ro b a s* th e s tov es, h o w e v e r, a n d re­
profits. W e have n o m on op oly . On the co n tra ry w e have, sell them on th e in sta lm e n t p lan , a co n s id e ra b le a m o u n t o f a d d it io n a l
and a lw a y s e x p e ct to h ave, a great deal o f com p etition . W e w o r k in g oapl tal h a s b een req u ired .
O il HtlPPi.T.—A n a rra n g e m e n t Is n o w p e n d in g w h ic h , w h e n c o n ­
purpose to g e t the business and to h o ld it b y sellin g better
w ill n b
P p le 's C o m
y to
cu re
su p
o
g o od s, by fu rn ish in g them in b etter con d ition to con su m ers, sum m ated. h th a ea talale the ree ou ce d p rice p .a n T he dseta ils oIt*this pm lytte f
oil and n a p
rg e ly
d
s
e
f
a
r
and at lo w e r prices to the trade fo r th e sam e q u a lity than have n o t y e t b eeu o io se d . an d th e d ire cto rs o f y o u r c o m p a n y a re
th e re fo re n o t a t lib e r ty , a t th e p re s e n t tim e, to m ik e p u b lic th e p a r­
on r co m p etitors are able to d o .’’
T h e d ir e cto rs declared the regu la r q u a rterly d iv id en d on ticu la rs o f the tra n s a c tio n I t m a y be sulHoient. h o w e v e r, t o s a y th a t
the s a v in g to he effe cte d on a c c o u n t o f the re d u ctio n iu th e p rice o f
the preferred s to ck o f
per cen t, p ayable Feb. 28, 1899, these raw m ateria l*, w ill tie v e ry la rg e ly lu e x c e s s o f Interest u p o n
a nd decided to add §500 000 to th e reserve fo r w ork in g c a p ­ the m o n e y req u ired to b rin g a b o u t sm li red u otion .
St o c k . —T he e u tlre a m o u u t o f s to c k o ffe re d d u rin g the y e a r. $ 3,ital, m a k in g a total o f §1,500,000 set aside fo r this pu rpose.
7 50 .00 0
,» ta k e n b y the sto c k h o ld e rs a sid e fro m th a t p o rtio n o f th e
This a ction was a p p roved b y the stock h olders.
issue a p p o rtio n e d to the 7 0 6 share* o f tre a su ry s to c k . T h e e co n o m ie s
Operation» .— T h e operations fo r the y ea r w ere:
and in creased ea rn in g s re s u ltin g fro m th e e x p e n d itu r e o f fu n d s p roy i d e d b y t h o issu e o f in cre a se d ca p ita l s to c k w ill b e sh ow n In t h e
S ales to J a n . 3 1 ,1 * 9 9 , In clu s iv e .................................................... $ 3 4 ,9 1 3 ,8 9 1
N et p ro fit t o Jan . 3 1 .1 8 9 9 . I n c lu s iv e ................................ ........
3 ,2 9 2.14 3 s ta te r n e n to f ea rn in g * fo r th e y e a r 1 8 9 9 ,a n d It Is s a fe to s a y th a t t h e y
Pereent»«p of protlt to sale* ...................................................
9 1 3 w ill bo la rg e ly In e x c e s s o f the a m o u n t re q u ire d to p a y d iv id e n d s , a t
D iv id e n d s o f 7 p. c. on $ 2 3 ,2 0 0 ,0 0 0 o f p r o f, sto o k (’ alia fo r .
1 ,6 2 4 ,0 0 0 cu rre n t ra te , on su ch In cre a se d ca p ita l.
T ra n sferred to w o r k in g ca p ita l r e s e r v e d .................................
1 ,5 0 0 ,0 0 0
T h e earn ings com p a re as fo llo w s , th e BLyde P a rk a n d

Aj o /* -

BALANCE SHJSBT IAS. 3 1, 1899.

P lan t», r e a l esta te , m se h ln e r y ,p a te n ts, & c -«4 8 ,7 3 3 ,6 2 8

Cash...............................

1,177,019

W o r k ’ s ca p ita l reserv e
S to ck s and s e cu ritie s.
A c c o u n ts r e c e iv a b le ..
S u p p ifes an d finished
p r o d u c t ....................

1 ,0 0 0 ,0 0 0

1 0 5 .43 0
2 ,5 5 0 ,9 1 *

3 ,1 0 9 ,4 5 8

Liabilities—
S to c k , p r o f...................... $ 2 3 ,2 0 0 ,0 0 0
"
c o m ..................... 2 9 ,2 0 0 ,0 0 0
B ond * A m t# * , a ssu m ’ d
1 ,8 1 4.00 0
A cco u n t* p a y a b le and
n c cru e d In terest........
4 4 4 ,6 3 9
D arn in gs, less 3 dlvld .
on p ref. s to c k .............
2 ,0 7 7 ,6 4 3

___ T o t a l...................... -3 5 6 .7 3 6 ,4 8 3 l
T o t a l.......................... $ 5 6 ,7 3 6 ,4 8 2
•A fter d e d o e ttn g $ 3 0 0 ,0 0 0 fo r d e p r e c ia tio n .—V. 6 7 , p. 1055.

National Lead Com
pany.
( For the year ending Dec, St, 1893.J
P resident L . A , C ole says in su b sta n ce:
A lesser v olu m e o f b u sin ess w a s d o n e In 1 39 8 th a n in the y e a r p re­
ced in g . T h e w a r w ith S p a in ca u s e d » m a r k e d sh rin k a g e in d em a n d ,
and b e fo re h os tilities cea sed th e season ha d p a ssed . T h e d im in ish e d
v o lu m e o f b u d n e * * e v o lte d com p etition * belt p rofits w ere n ot s a c r i­
ficed, T h e n e te a r n in g * <$1,2*41,839) la re a ch e d ar»er a c o n s e r v a tiv e
In v e n to ry an d oa refn l e v c ln sio n o f d o u b tfu l a cco u n ts and ra llies
N o n o ta b le chansr^s a p p ea r In eith er a ssets or lia b ilitie s, a de­
er**** o f " s t o c k on ha n d ” b e in g o ff § -t b y ' ‘ c a s h " an d " a c c o u n t s re­
c e iv a b le .” T h e sou n d fina n cia l e m d itloo o f th e c o m p a n y is a p p a re n t.
P referred •io^k d iv id e n d s a m o n n tln g to $ 1 ,0 4 3 ,2 8 0 . arid a d iv id e n d
o f 1 p « r ce n t (#149,0541 on th e eo nm bti s to c k w ere paid. A t the c lo s e
o f the y e a r a cr e d it b a la n c e o f $ 1 ,1 4 3 ,2 6 9 is sh ow n in " s u r p lu s " ao-

M utual Fuel com p a n ies b ein g in clu d ed in b o m y ea rs:
1898.
Sales o f m a n u fa ctu re d gas
(cu b ic f e e t ) . . ........................ 6 ,1 1 4 .5 8 7 ,3 8 0
G ross re c e ip ts .........................
$ 7 ,2 6 5 ,5 2 6
O p e ra tin g e x p e n s e s ...........
3 ,7 9 5,30 1
N e t ......... ...........................
In te re st o n b o n d s .................

$ 3,4 0 ,2 2 5
1 ,8 4 2 ,3 0 0

1 89 7 .

In crea se.

5 ,7 9 5 ,1 2 4 ,2 0 8 3 1 9 ,4 6 3 ,1 7 2
$ 7 ,1 2 5 ,4 3 9
$ 1 4 0 ,0 8 7
3 ,0 9 8 ,9 7 6
106 ,32 5
$ 1 ,4 3 6 ,4 6 3
1 ,812,300

$ 3 3 ,7 6 2

B a la n ce f o r s t o c k .........
$ 1 ,6 2 7 ,9 25
$ 1 ,5 9 4 ,1 6 3
$ 1 3 ,7 6 2
D lv id -n d s o f 6 p e r ce n t y e a r ly o n th e $ 2 8 ,6 7 9 ,1 0 0 s to o k n o w o u t ­
s ta n d in g ca ll fo r $ 1 ,7 2 0 ,7 6 4 .
BALANCE SHEET DEO. 31.
1897.
rAaMIMen—
1898.
1897.
18*8.
Capital sto ck .. .**30,000,000 $25,000,00.)
Plant, franch*;
3».340;0’.0 29,016.000
*57,1M 7sK Bonds ........ ..
»
etc .................
453.014
*00.4*1 Deposits fo r pas
M aterials........
bills............./ . . .
120,189
223,8C*8
201,677
Securities... .... •1.451,677
237. 17
133,474
100.90 ■ Acc’ts pa "able - ..
lv 4,045
a ect*. receivable
366,645
848,575
817,212 Coupons pant duo
855.160
Deo t* for coup's
217,858
172,101
5*5,460 Acor’ d b on d ln t..
^42,827
Gas bills roc1
v'ble
Profit and lo ss.,. 3,408,1.9 5,414,175
190,077
60,717
City C hicago.....
Cash................. 1.600.3 *8 1,103,005
Central T r.C o ... 1.072,686
100,000
Bills receivable..
T otal.............*68,586,864 *60,338,224
T o ta l............*0•'.585,864 *60,338,224
*Note —T he securities, *1,451,677. owned aq above, consist of: Miscellaneous
bonds *1 0.750; Green Street property,
13.206 shares o f capital stock
o f People's Gas Light a Coke Co., *1.320,60».

I H K

328

MAINtf, BTC. (UGLUDINO HIDE PASS AMD MUTUAL FUEL), DEC. 31.
1897.
I n c .o r D c c .
1898.
1 ,5 2 5
In o . 5 9 *a
M iles street m a i n s ......- --.-......." 2 3 0 2 9 3 ^
1 9 9 ,4 7 3 In o . 30,8 20
Number metres......... - ........................... “ ■ ' d a
ar
3 2 ,4 2 5 D eo. 4,402
P u b lic l a m p s ...................................................

—V. 68, p. 230.

C o n s o lid a te d Gas C om p a n y o f N. Y.

( Statement fo r year ending Dee. 31, 1898.)
T b e statem ent m ade t o th e N e w Y o r k S tock E xch a n g e
affords th e f o l l o w i n g :
BALANCE SHEET DEC. 31.
Sept . ho. 9 7 .1 Liabilities— Dec. 31. ’98. Sept. 30. ’97.
$41,638,766 |Capital stock .$b9.178.000 $b9,07«.000
413.016 |B o n d s ..............
2.40H.0 1
0
Acc’tH recelv’le
790,635
42.830
519,974 |A cc’d interest..
Cash................... 8,619.421
1,000,000
343.679 Bills payable...
Materials, o tc
82*',970
3,617,910 Sundry ered’rs.
953,908
Treasury stock 1.847,940
461,602
I Ins. fund, etc..
Fund to redeem
5 561.635
b o n d s ............
45,7001 Profit and loss.
628,000

Ant'9
—

l*e. 81,’Ov

Plant, e t c ........*45,03-,:8-J

T o t a l..........150,746.651 $19,608,976 1

—Y. fl».p.l2*l.

T o ta l..,, ...$50,716,651 449,608,975

P e n n s y lv a n ia M a n u fa c tu r in g L ig h t & P o w e r .

CReport for 11 months ending Dee. 31,1898.)
T h e P resid ent's rep ort, presented at the ann ual m eetin g,
con ta in ed tw o resolutions o f the board, one th at it w as n ot
th en advisable to m ake a ca ll on th e stock and the other
th a t the President shou ld n ot a cq u ire properties ou tsid e o f
P h ila delp h ia w ith ou t the a u th ority o f th e board. T he s to c k ­
holders ratified th e directors’ a ction in sellin g to the E le c t r ic
C om pany o f A m e rica fo r $1,250,000 and 5 p er cen t in terest
the properties w h ich had been pu rch ased ou tside o f P h ila ­
delphia, in clu d in g , it is said, tw o in C am den, on e in A tla n tic
C ity and one in Jam aica, N . Y .
T h e in com e a cco u n t fo r th e eleven m on th s ended D ec. 81,
1898, show s:
R e ce ip ts fron t all com p a n ies o w n e d a n d o p e r a te d ...................... $ 9 6 3 ,1 5 7
D ed u ct—
11 m on th s’ in ter’ t o n P liila. E le c tr ic 5 s ........................................... $ 5 9 6 ,4 3 3
O cto b e r d iv id e n d o f 5 0 oents p e r s h a r e ........................................... 1 4 8 ,1 2 5
B ala n ce, s u rp lu s .......................................... ....................................$ 2 1 8 ,5 9 8
A d d itio n a l r e c e ip ts, sales secu rities a n d p rem iu m s.................... 7 6 5 ,8 -3
T o ta l p re s e n t u n d iv id e d p r o fit s ....................................................$ 9 3 4 ,4 8 2
BALANCE SHEET d e c . 3 1, 1 898.
A ssets—

[Vol. L x v m .

C H R O N IC L E .

L ia b ilitie s -

C h a rter and org a n lz ’ n.
$ 1 1 ,8 1 9
M isce lla n eou s s t o c k .. 1 5 ,2 0 9 ,9 5 6
L o a n s ..........................
2 6 ,5 0 0
C a sh .................................
19,5 78
M a te ria ls........................
71922
F u rn itu re, e to ...............
1,383
T o o ls a n d im p lem en ts
1 ,0 3 3
A cco u n ts r e c e iv a b le ..
19,647
C o n s tru ction a ccou n t.
2 3 5 ,6 2 2
M isoell. c o m p a n ie s ....
3 9 4 ,03 6

C ap ita l s t o o k ................. $ 1 ,4 9 7 ,8 2 9
P liila. E leotrio g o ld 5s 1 3,2 0 6 ,2 6 6
7 9 ,2 9 9
A c c o u n ts p a y a b le .......
H a m ilto n E leotrio Co.
cash s u r p l u s .............
6 0 ,0 0 0
A ooru ed in te re s t Phil.
E leotrio g o ld 5 s........
1 6 5 .6 1 9
P ro fit a n d l o s s ..............
984 ,48 3

T o t a l..........................$ 1 5 ,9 9 3 ,4 9 6

T o t a l ..........................$ 1 5 ,99 3 ,4 9 6

T h e fo llo w in g d ire ctors w ere elected : J is e p h B. M cC all,
W m . J. L vtta. Ohas. A. P orter, J erem iah J. S u llivan , A . V .
R . C oe.— V . 68, p. 129.
S o u th e rn N ow E n g la n d T e le p h o n e Co.

o f s m o k e le ss p o w d e r, th e a b so rp tio u o f n itr o -g ly o e r in e and o t h e r p u r­
p o se s , w ill ta k e ca r e o f co n sid e ra b le e x t e n s io n o f fa c ilitie s. F o o d
d ea lers in m an y co u n trie s h a v e m a d e a p p lica tio n f o r a g e n c ie s f o r th e
sa le o f th e fo o d p ro d u ct.
W e a re d a ily r e c e iv in g Inquiries p r a c t ic a lly fr o m a ll o v e r th e w o r ld
In re g a r d to th e p ro d u c ts , a n d . w h ile the d e la y in p e r fe c tin g th e
m e th o d s o f m a n u fa ctu re has been v e ry dts ip p o lu tiu g , th e uses t o
w h ich th e p r o d u c t ca n b e p u t a re so m u ch m ore n u m e ro u s a n d so
m u ch m o re v a lu a b le th a n a t d rst a n ticip a te d that w^ h a v e n o d o u b t
o u r e x p e c ta tio n s w ill u ltim a te ly b e m ore than rea lize d .”

T h e financial statem ents o f th e T reasu rer fo llo w :
C ash re c e iv e d fro m sa le o f p re fe rr e d s to c k , a m o u u t u n p a id
on s u b scr ip tio n s t o p re fe rr e d sto o k and in te r e s t o n u n ­
$ 1 ,5 3 4 ,4 9 0
p a id s u b s c r ip tio n s .................
A m o u n t e x p e n d e d o n v a rio u s p la n ts , p a te n t a c c o u n t , g e n ­
era l e x p e n se s , e t c . . . . .....................................................................
8 0 0 ,3 9 7
B a la n c e .............................

$ 7 3 4 ,0 9 2

T h is balance is rep resen ted by th e fo llo w in g :
A m o u n t u n p a id o n s u b scrip tio n s to p re fe rr e d s to c k , $ 2 9 9 ,8 5 0 ; in ­
te re st on u n p a id su b scrip tio n s, $ 1 9 ,4 9 0 ; ca sh o n b a u d , $ 3 1 9 ,6 3 3;
a cco u n ts an d b id s re c e iv a b le , $ 1 9 ,1 1 5 ; fin ish e d c e llu lo s e o n h a n d
(u n d e r co n tr a c t), $ 4 6 ,0 0 0 .

Th ere is a tota l o f p referred s tock ou tsta n d in g 15,150
shares ($1,515,000) and o f c o m n on 307,522 shares ($30,752,200).— V . 66, p. 811.
N a tio n a l S ta rch M a n u fa c t u r in g Co.

( Statement fo r year ending Dee 31, 1898. J
T h e com p a n y has resu m ed the p u b lica tio n o f its ann ual
statem en t, th a t fo r the late yea r s h o w in g earn in gs and b a l­
ance sheet as fo llo w s :
EARNINGS FOR YEAR ENDING DEC. 3 1 , 1 8 9 8 , ETC.
P r o fit
T o ta l
----- D e d u c t i o n s — - B a l .D e c .
3 1 ,’ 97.
1 89 8 .
a v a i l a b l e . I n t e r e s t . S i n k . f \ l . D iv d s .
3 1 ,’98.
$ 9 7 ,7 9 7 $ 2 3 8 ,6 1 3 $ 3 3 6 ,4 1 0 $ 1 9 0 ,2 3 0 $ 8 6 ,9 6 0 $ 4 4 ,3 8 3 8514,832
BALANCE SHEET DEC. 3 1, 1 89 8 .
I L ia b ilitie s —
A s sets P e rm a n e n t in v e stm t’ s$ 1 1,3 92 ,5 7 2 I C ap ita l s to c k issu ed —
R e d e m p . o f b o n d a cct.
5 7 1 ,9 3 5 I F irs t p r e fe r r e d ......... $ 2 ,2 1 9 ,4 0 0
1 ,8 4 6 ,8 0 0
B o n d s p u r. f o r sin k .fd .
1 ,1 6 6,00 0 | S e co n d p re fe rr e d ___
C a sh ...................................
1 43 ,22 7
4 ,4 5 0 ,7 0 0
4 ,2 <7,000
Duo by sundries. ___
266,992 I B o n d s is s u e d .................
1 ,2 1 5 ,5 1 0
B ills r e c e iv a b le ............
1,211 I S in k in g fu u d re s e r v e .
1 2 3 ,1 1 7
P ro d u cts a n d su p p lies
5 5 3 ,0 3 6 | Due to su n d ries .........
9 ,8 2 0
U n e x p ir e d in s u ra n c e .
1 7 ,2 0 6 D is co u n t o n b o n d s p u r.
1 4 ,8 3 2
B a la n c e ............................
B a l.D e c .

T o t a l a s s e ts ............ $ 1 4 ,1 1 7 ,1 7 9 |
—Y . 6 7, p . 902.

GENERAL

T o t a l lia b ilit ie s ....$ 1 4 ,1 1 7 ,1 7 9

INVESTMENT

NEW S.

R e o r g a n iz a t io n s , E t c . — Latest Data as to Defaults, Reor­
ganization Plans, Payment o f Overdue Coupons, Etc.— A l l
fa cts o f this nature a pp earing since th e p u b lica tio n o f th e la s t
issues o f th e I n v e s t o r s ’ and th e S tr e e t R a i l w a y S u p p l e ­
m ents m a y be rea d ily fo u n d b y m eans o f the fo llo w in g in d e x .
This in d ex does not in clu d e m a tter in to-d a y ’ s C h r o n ic l e .
F u ll-fa ce figures in d ica te V o lu m e 67.
S t r e e t R a i l w a y s .— ( C o n t i n u e d .
R ailroads & Mis. Oo.’s.
Volume 68—

V o lu m e s 67 a n d 6 8 —
P a ge.
Citizens' St. RR, (Indianapolis,
18 >
40
Ind.) ................ plan o f renrg.
230 City Electric (Decatur, 111.'.recr.
T h e g ro w th o f the business appears fr o m the fo llo w in g :
129
Crescent City (New Orleans. La.)
Dec. 3 1.
1 893.
1897.
1 89 6 .
1 895.
1 891.
189
88
d efau lt.
S t a t i o n s ..................................... 10,539
9 ,3 7 6
8 ,0 2 7
6 ,8 3 0
5 ,5 3 6
233 Denver (Col.) City Street. RR.,
S u b s c r ib e r s ............................ 9 ,0 9 0
8 ,8 2 0
7 ,5 1 9
6 ,3 8 4
5 ,1 4 4
sale ; p lu n .V A ti^
281
n ew Co.
281
T o ll sta tion s ...............
438
404
359
304
257
1*6 Denver (Col.' Con. Tram.consofiE arn ings, e tc., have been as fo llo w s :
230
dation w ith Denver Oitu St. R R.DZW Z
F ox River Electric (Green Bay,
1898.
1897.
1896.
1 895.
186
W i s ) .............................
>old.129
G ro ss e a rn in g s .............$ 6 4 4 ,0 0 3
$ 5 15,811 $ > 5 2 ,4 6 6
$ 5 0 3 ,7 1 6
2S1 Interurban Ry. (Saginaw)..plan. 1 1 1 1
O p e ra tin g , eto , e x p e n se s .. 414 ,01 1
3 5 2 ,6 5 7
231 Kings Co. El.^B'klyn,N.Y.).pla/».1356
3 0 0 ,0 8 7
3 0 3 ,3 4 5
R e n ta ls , e t c ....................
5 0 ,5 1 5
231
do
do
<teu-sits o f b m ds
187
5 4 ,4 5 0
5 2 ,2 5 0
4 4 ,7 2 6
Kokom o City Street R y. .. recr.
130
I n t e r e s t ..........................
2 6 ,9 2 9
2 3 ,5 7 0
4 5 ,0 3 7
4 3 ,7 4 3 Fort W ayne Electric Corporat’n.
ba n kruotcy su it.
282
do
do
sold. 282
Herring-Hall-Marvin C o. . . plan.
23& L. Ont. & Riverside R y .. forecVre. 1 1 1 I
>
B a la n ce ...................................... $ 1 5 2 ,5 2 8
$ 1 6 5 ,1 5 5 $ 1 5 5 ,0 4 2 $ 11 1 ,9 0 2
Leavenw. L'op. & Southw..../oreMetro. W est Side E l.............. sold.
40
D iv id e n d s ............................ (6 )1 5 0 ,6 6 0 (6) 1 4 1 ,53 4 (6 )1 0 3 ,4 9 1 (5 % )8 6 ,250
ch su re decree.
282
do
do . . . . reorganize d Go.
130
Litch. Car. & W est.. successor Oo.
v33
do
do ........new mart, fil'd282
283 New Orl. Tract, p lan .6 9 0, 7 3 6 , 1 3 0 8
S u r p lu s ..................
$ 1 ,8 6 8
$ 2 3 ,6 2 1
$51^551 $ 2 N. V.2Phil. & N orf. assess't called.
5 ,65
Peo. D ec. .fc E v .m t. to b m dh'W rs 188
do
do ...la s t a ^ t . called. 187
BALANCE SHEET DEC. 31.
R lchm ’d Nich. Irv. & Beatty’s...
New York Phila. & Norfolk..rwu;
Assets—
1898.
s -l e stouped.
283
s e c u r in g authorized.
188
1897. j Liabilities—
1898.
1897
Franchise.............. $li7,500 $157,600 I Capital stock .......$2,511,010 $2,511,000 Staten Isl. Rap. T r. proposition to
Pennsylvania Traction...renrg. 1 2 0 8
Construction ... . 2,731,2,> 2,0o0.508 Bonded debt........
3
holders o f i d 5s.
189 Saginaw Union St. R y.........pZan.l 1 11
585,000
500,»00
8upply departm’ nt
48,210
do
do
........ offer fo r ls t s .
233
do
do ....................new Go.
233
5 >,5821 R eserv es...............
13,160
67,813--Real estate...........
165,810
ic
189 Svracuse & East Side .. .
sild.
87
15 5,8611 Accounts payable.
4L.956
2 >,077 Stuttgart J Ark. R iver.......... sold
Miscellaneous ... .
227
Wheel. & Lake Erie.co u p o n p a y ’ t.
234 Union St. Ry. (Saginaw, Mich.)
5 5 1 D ividen ds.............
52,083
A cc’nw receivable 125,859
115.2011
’ ” *
do
«io
...........sold.
281
p /a n .llll
Casn........ ...............
14,305
Wisconsin Central Co,........ reorj.
17,816 |
Union Trac. o f N. J............... 8'>ld. 2:33
progressing.
284
do
do ............ reorg. notice. 131
Total....... ......... $3,233,204 $3,101,520
W est End (Denver, Col.) Street
T ota l................. $3,233,204 $3,101,520
St r e e t R a i l w a y s .
—V. 67, p. 1264.
R y.............................. sa le; p l in .1 2 6 3
Vol umes 67 and 68 Poor. Zanesville (O.) Rv. & El.ee.. .sold
40
M ars den C om p a n y .
do
do ........reorganized Oo.
87
Akron (O.) St. Ry. & I ll....p k z n .l3 5 5
Brooklyn Elev'd..rcorja?ii 2;ed Oo.
230

(Report for year ending Dee. 31, 1898.)

Austin (Tex.) Gas L islit & Coal.
Balt. & O h io ...... B .& u. Sourhw.

230

plan operative.
decrees o f foreclosure.
proposition to holders o f Staten
1st. R ap. Tran. 2d 5s...... .......
offer fo r Is ts.
Cape Fear & Yadkin Yal. tra n s­
ferred to purchasers
..............
Central Vermont — reorg. n otice.
do
do ......................... sale.
Cleve. Can. & Sou...... m eeting to
authorize plan.
do
do
sold.
Col. H ock. Val. & Tol ----- plan.
do
do .. .deposits; penalty.

(F irst Annual ReportJ .

President W . W . G ib b s, at th e annual m eetin g, m ade a
lo n g statem ent (pu blish ed in the P h iladelp h ia “ F in ancial
N ew s,” o f Febru ary 7 ), fr o m w h ich the fo llo w in g is taken:
F rom th e ca ll o f 2.5 p e r oent, m ad e p a y a b le Jan . 25, I8 9S . the
a m o u n t re c e iv e d to d a te Is $ 70 0 ,1 5 0 , le a v in g $ 2 9 9 ,8 5 0 y e t to be ca lled
as in » y b e req u ired . T h e fa o to r y a t O w en sb oro, K y ., was p rom p tly
eq u ip p ed w ith n ow m ach in ery . T h e resu lt, h o w e v e r, d id n o t com e
up to ex p e c ta tio n * , a n d the b oard co n clu d e d to d e fe r fu rth er e x ­
p en d itu res. a n d t o co n ce n tra te op era tion s a t O w en sb oro u u tll a
sy ste m should be p e rfe cte d p ro d u c tiv e o f b etter ootum eroial a id
ttnanolal results. T n e d e v e lo p m e n t o f th e p rocess lias co s t m uch
m o re than was a n ticip a ted , b u t t in m an ag em en t is satisU e i th a t new
p la n ts o » n b e e rected w ith Im p roved a p p lia n ces a t on e -h a lf the a m ou u t
o rig in a lly con tem p la ted .
u p to the p resen t th e co m p a n y has d e liv e re d to th e U. S. G o v e rn ­
m en t. o r has in haad as fo r b a ttlesh ip s s p ecified , o v e r 5 X>,0o0 pounds
tre a te d and finished cellu lose. A c the req u e t o f the R u ssia n A d m i­
ra lty , con tra ots f.»r a p p ro v a l h a ve b eea seuc to it oov^ rlu g c e llu lo se
r o r e ig h t b attlesh ip s and cru isers, a g g re g a tin g 1 ,5 8 4 ,0 0 0 pou n ds The
n a v a l c o n stru c tio n o f o th e r cou n tries w ith winoh the o o m p a »y "is in
n e g o tia tion , is e x p e o t e d to insure a la rge a nnu al m arket fo r th is p u r­
p o s e , and this, to g e th e r w ith the a m ou n t req u ired fo r the m a n u fa o tu re

A m e rica n C erea l C o.— Prospectus.— A c c o r d in g to the c o m ­
pany’s prospectu s, th e ca p ita l s tock o f th e n ew co rp o ra tio n
w ill be d iv id ed i i t o $15,000,000 o f 7 par cen t n on c u m u ­
lative preferred aud $18,001,000 o f c o m m m s to ik , all in $100
shares.
A b o u t $11,5)0,00) o f the p referred and a like
am m a t o f th e co a m in stock w ill be issued fo r the p ir c h ise
o f plants, etc. T o p rov id e w o rk in g capita l $2,500,00 ) o f pre­
ferred aud $3,(P0,00O o f com m on w ill be issued, w h ich , w ith
the cash assets taken o v e r fr> m tne A m erica n Cereal Co.
under the p a rch ise price, w ill g iv e th e n ew co rp o ra tio n a
w ork in g capita l o f a b ou t $1,5)0,0)0. O the preferred a b ou t
$1,00),000 aad rather m ore than that o f c o m non stook w ill
probably rem iia ia t h i treasury. T n e p rojooecu s says: J
P r o p e r t ie s O * U r a c te d Far. —A a. Cereal U >., la o l i.lliig : C >real, S to a e
C asoade, ftm d re a n l H n Q 'n y m i l s , A k ro n . Oai>; £ u n e rU l M ills
C utoago; Morch S tar Mills, C o la c R $ jld < ; K tnsas O itv M ills, K a n s a s
C ity; I ow a city M ills, Cowa City; R i v e a n t M ills , R a v e a a a ; A k r o n
C erea l C o., A kron; H. R. H eath & Hons, F o r t D od g e; MusoatLns Oat
m eal Co., M isoattu e, Io w a ; S io u x M illin g C o., S io u x C ity; S te w a r d &

F ebruary 18, 18S9.J

T H E

329

C H R O N I C L E

Merrlam, Peoria; David Oliver. Joliet; Illinois Cereal Co., Bloominetoo; A. Forrest. Rochelle, IH.; C. Elerdin#, Morris, ni.; Forrest Mill­
ing Co., Cedar Falls, Iowa; Edward Johnson Mills, Zanesville, Ohio;
Riverside Mills, Riverside, Iowa.
Capacity. - The total capacity of the nulls acquired by the new com­
pany is 14,000 barrels of cereals per da.v, representing about 95 per
cent of the capacity of the country. The capitalization of the new
company also provides cash for the ereotion, In Chicago, of the largest
and best-equipped oatmeal and cereal mill in the world. This mill
will he iinishea within a year, and when finished will place the new
company beyond thn fear of any competition. It is expected that at
least 60 per cent of the present business of the company can be sup­
plied by this mill, thus effecting great economy tn cost of manufacture.
Meanwhile the new company will have practically a monop dy of the
oatmeal business, both bulk and package goods.

M r. E id y , w h o is p r o a io tia g the en terprise, sh o rtly b e fo r e
th e appearance o f the prospectu s, s a id :
Negotiations are pending for the purchase and leasing of additional
properties. The new company has purchased fifteen inula and leased
three more. It controls 97 per cent of the oatmeal production of the
country. The increase in ooDsumptloa may be shown by the output:
East of Rocky Mountains, viz.: in 1886, 440,000 barrels; in 1890,
650,0*0; in 1894, 876.000; ia 1898, 1,650,000. A very large per­
centage of this product Is sold in cases, under special brands, in­
cluding practically ail the best known brands of roUed oats—some
twelve or fifteen, all told. The osuneal s Id in cases and under
sped si brands is not subject to competition.
It ia estimated that tne preheat earnings of the combined oom
anies are sudlcteat to pay the 7 par cent upon the preferred stock,
caving the silvantages of accumulation to accrue entires to the
common stock. It ts estimated tn*t t he net earnings of the new com­
pany applicable to dividends the rir*t year will oo «»ver #2,0u0,'>00.

both preferred and oommon stock shall have equal voting powers.
Outstanding: preferred $18,000,000, common $28,000,000. Transfer
Agent, Guaranty Trust Co., Registrar. First National Bank of New
York. No bonded Indebtedness on either this or constituent couianies. Nat earning* of constituent companies tor 1898. $2,000,000.
tlicera: [list same aa In V. 67, p. 13071. Properties belonging in fee to
American Tin Plate Co., New Jersey. 1Here follows the list given in V.
67, p. 1361, except that in plaee of Norton Bros., Norton Tin Plate &
Can Co. and St. Louis Stamping Co..are included: Beaver Tin Plate C o.,
Lisbon. Ohio, Blalrsvllle Rolling Mill A Tin Plate Co., BlairavlUe, Pa.
and Hamilton A Co., West Newton, Pa: while It seems that the Ameri­
can Tin Plate Co, has acquired only the plate and machinery, ex­
clusive of realty, used for manufacturing tin plate, of the following
companies: .Etna Standard Iron A Steel Oo., Bridgeport. Ohio. Britton
Rolling Mill Co., Cleveland, <>h!o; Somers Bros.. Brooklyn, N. Y.,
Stlckney Iron Co., Baltimore, Md.)
Extract from charter:
The officers of the corporation shall have no
power to mortgage its real property except upon the onsent. in writ­
ing drst obtained of the holders of a majority [not two thirds as
reported) of the issued preferred stock hereinafter deoribed, or upou
the affirmative vote of a majority of the holders of the salt! preferred
stock at a meeting duly called for that purpose." The directors are
divided Into five classes, equal in number. In respect to the time for
which they shall severally hold office, the first class being elected for
five years, the second for four years, the third for three years, the
fourth for two years, the fifth for oue year.—V. 67, p. 1307.

S

A t c h is o n Jewell Comity & W e s te rn R R .— A t c h is o n Colo­
ra d o & P a c ific R R ,— d is s o u r i P a c if ic R y .— Offer to Pur­
chase.— T h e d ep ositin g b on d h o ld e rs o f the A tch is o n J e w e ll
C ou n ty fc W estern R R . and th e A tch is o n C o lo ra d o & P a cific
R R . w ill m e e t at th e O ld C o lo n y T ru st C o., B oston , on
T he n ew officers o f th e A m erica n C ereal C o ., w h o are e x ­ M arch 1, 1899, at 3 p. M., to v o te on p rop osition s t o sell th eir
resp ective lin es o f road, re ce n tly p u rch a sed at fo r e c lo s u r e
p ected to h e th e officers o f the con solid a ted co m p a n y , are:
sale, to the M issou ri P a cific R y . The M issouri P a cific la tely
H . P. Crowell nt Cleveland, President; Thom»» E. Well* of Chicago,
Vlce-Preuldent; Robert Stuart of Chicago, Secretary- and Treasurer. pu rch ased the C en tral B ra n ch U n ion P a cific R y ., f o r w h ich
Director*: My run T. Herrick, Cleveland; James Panueiee, Cleveland: the lines ab pve m en tion ed, w ith th eir 288 m iles o f ro a d , w ere
C. L. Newell, Cleveland; H. P. Crowell. Cleveland: >1. Otis Hower, b u ilt as exten sion s. A m a jo r ity v ote in e a ch case is n eces­
Akron; Robert Stuart, Chicago; Tboinaa E. Wells, Ouioago; J. H.
sa ry to co n firm the sale. U n d er the term s o f p u rch a se th e
Andrew*, Akron; Miner J. Allen, Akron.
o ld bon d s dep osited w ill receiv e 75 per ce n t o f th eir fa ce
T h e earning* last y e a r o f the o ld A m e rica n Cereal Co, are
valu e (prin cipal o n ly ) in n ew 4 per ce n t first m o rtg a g e
stated as 1639.248 (o r o v e r 10* on th e p rice paid fo r its plant), b on d s gu a ra n teed b y the M issouri P a cific.— V. 87, p , 577.
n otw ith sta n d in g e x ce p tio n a lly fie rce co m p e titto n .—V .88 p.229
Atlantic A L a k e S u p e r io r R y.— S e c u r i t i e s O f f e r e d . — T h e
A m e rica n R a d ia t o r C o .— R a d ia t o r C o m p a n y C o n s o lid a ­
t i o n .— Incorporated,— T h is co m p a n y w a s in co rp o ra te d F eb . Canadian S team ship C o., w h ich operates a lin e o f steam ers
14, at T ren ton , n , j ., w ith a ca p ita l o f $10,000,000, h a lf o f betw een this c o m p a n y ’s d o c k at P aspebiac, Q u e., and M ilfo rd
H aven, W ales, is issuin g £200,000 o f 5 i d eb en tu re s to ck and
w h ich is 7 per cen t cu m u la tiv e preferred s to ck . T h e co rp o
ration, it is stated, has affiliations w ith th e N a tion a l Steel £100,000 o f <K p referred s to ck , w h ich are b ein g offered to the
C o ., and m erges n early ev ery h ea tin g a p p a ra tn s con cern in p u b lic.— “ R a ilroa d G a zette.”
the U nited States, in clu d in g the A m erica n R a d ia to r C o. o f
Bangor A Aroostook RR. Co. — B o m l s O f f e r e d . — B row n
Illin ois. T h e d ire cto rs elected in C h ica g o arc:
Bros. & Go., o f N ew Y o r k , and Lee, H iggin son & C o ,
John B, Pierce, Edward A. Ruinnor, Clarence Carpenter, John Per. of Boston, are o ffe rin g th e c o m p a n y ’s $1,500,000 o f P iscata­
tig, E W, Mlddaugb, O«org*i W. Parker, Jo**ph Bond- Clarence M- quis D ivision first m ortga ge 5 per cen t g o ld b on d s at 110;^
WoolJey, J. L. Kinney. Prank O Lowd«n. W, » , Russell, Henry Bond,
and interest fr o m A p ril 1st, l 09
These b on d s w ill be se­
William T. Baker, H. HU1 and .lame* B. Dill.
cu red by an absolnte first m ortg a g e on th e line fr o m O ldT h e co m p a n y w as b ro n g h t o u t in C h ica g o u n d er th e d irec
to w n to G reen v ille, M e.. 7<iq m iles, its p rop erty and e q u ip ­
tion o f F ran k O, L ow d t-o. a t d is described as “ n o t so m u ch a m ent. T h eir proceeds w ill o s use ! to p t y the $1,223,000
con solid a tion as an exp an sion o f the business o f the o ld A m er­ bonds, a l l o t w hich w ill b s p a id on A p ril 1, viz : $800,000
ican R a d ia tor C o ., w h ich was orga n ized in 1893.” O f th e d e b t to city o f B angor, Os, $325,090 7s, $300,009 G reen ville
preferred stock $2,000,100 w ill be retained in th e treasu ry. T h e extension , .'h , and fo r im p rovem en ts a n ! a d d ition s to the
co m p a n y , it is said, w ill h av e q u ic k assets a m ou n tin g to B angor & Piscataqu is D ivision , and fo r a d d ition a l e q u ip ­
a b o u t $ l,f 00,000. T h e u n derw ritin g is reported as fo u r tim es m en t, w h ich w ill c o m e u n der this m ortg a g e.
ov e r-sn b scti bed. A C h ica g o paper, on the a u th ority o f “ an
Earnings, — F or th e six m on th s en d in g D ? c . 81, 1898:
official a n n ou n cem en t,” gives th e fo llo w in g :

f

The company now control* about 73 per cent of the output of steam
and water heating apparatus, being equal to from 15,000,000 to
18.0C 0.000 feet of radiation per annum. The plant* embraced In the
consolidation are: American Radiator Co. of Chicago; Standard
Radiator Co. of Buffalo: Titusville Iron Co. of Tttuavlllc, Pa. ; St.
Lord* Radiator Co. of St, Lout*.
The owner* of t nr.,- »«rerai properties agreed to sell forts rtnlu

e op

. . .

stock In the now company, receiving the amount of the purclia»e price
agreed upon In common stock and two-third* the amount thereof In
preferred stock. The owner* of all the plant* exercised their option
to take stock on this lower basis. The aim of this plan was to rtwluce
the preferred capitalization below the tangible ***et*. so that the com­
mon stock might fairly express the good-will of the business. This
was done. The preferred stock ts*ucd Is quite considerably less than
the cash value of the tangible assets.
The old American Radiator Co. ha* on an average during the whole
period of Its existence earned considerably more than enough net to
pay dividends on the entire preferred Issue of tne rompsny. During
the year 1888, 1 hough there was a competitive war which was disas­
trous to other concerns, the old American Radiator Co. la credited
wtlh earning enough to pay Its preferred dividends and something
over 2 per cent on the common stock.
Officer*—President, Joseph Bond ; First Vice-President. John B.
Pierce; Second Vice President, Edward A- Sumner; Treasurer,
Charles B. Hedges; Secretary, Clarence M Wooley.
Dlrrctors-John B. Pierce, Buffalo; Edward A. Bumner. Detroit;
Clarenoe Carpenter, Detroit; John Remit, Tit •srdle. Pa ; K. W. Med
daogb, Dettout 0ecrge W. Parker, St Louis; Joseph Bond, Chicago;
Clarence M W .oiey, Chicago; Charles ft. Hodge*. Chicago : J. I.
McKinney, Titusville, P*.; F rn 1 O Imwden. Chicago ; ff. 8. Knseel,
Detroit; Henry Bond, Buffalo: William I. Baker, Chicago; William
0 . HIP, Eait Orange, s . j .

T h e officer* o f the new com p a n y it is s a id are th e m en
w h o m ade a success o f the old corp ora tion .
A m e rica n S a d d le Co.— W lcjcle-S a d d l© C o n s o lid a t io n .—
Organized.— T h is co m p a n y w as in corp ora ted at T ren ton , N.
J ., on Feb. 7, t o trnite th e m sn n fa ctn rers o f b icy cle saddles,
etc, Its capital s to ck is $81 0,000 cu m u la tiv e preferred 7 per
ce n t s to ck and $1,000,000 com m on , T h e in co rp o ra to rs are
Jam es B, D ill, G eorge W . M a tk and Joh n C B oyd .
A m e rica n T in P la te C o.— On Unlisted ''Department.—
Ctfltcial Statement.—On F eb ru a ry 2 the N ew Y ork Stock
E xch ange a dm itted to q uotation on the u n li-ted departm ent
th e co m p a n y 's stock to the am ou nt o f $18,000.0' 0 preferred
and $28,000,000 co m m o n . T h e statem en t to the E xch a n g e
affords th e fo llo w in g :
Authorised rapHal: preferred 7 per cent cumulative, 820,000,000
(prefsrenee as to dividends sod assets tmtbi; common 830,000,000.
Charter Article 4, suh-dlvlslon 1, says: The common sto-k shall be
•uberdtnute to (be rights of the preferred stock, except that

C ro s*
ea r n in g * .

,W
F ix e d e b a r g e s
fi i la n c e .
Im p . fro m
e a rn in g s.
a n d t a ts * .s u r p i u s .e a r n i n g s .

♦442.432
$197*515
- V . GS, p. 84,

$149*979

$47,530

$10,102

X et+
s u r p lu s .

$37,434

Borax Consolidated, Limited—P a c ific B o r a x &
w
ood's C h e m ica l W o r k s .— Consolidation.— C ircu la rs

R ed­
have
been issned to the holders o f first and secon d m o r tg a g e d e ­
bentures and p re fe re n ce shares o f the P a cific B orax a n d R e d ­
w ood 's C h em ical W o rk s C o., sa yin g in su b sta n ce :
A company 1* being formed under the title of Borax Consolidat ed,

L-mltcd. for amalgamation of the principal borates-aupplylng comp#nle*. The capital of the new company Is £ 1,400,000. ifivlrted into
H ,- oo ordinary oharea and 80,000 of 5 ig percent (M. * N ) cumu­
O
lative preference share* ot £10 each. In addition £1,000,000 or 4 ‘s
er centtlrei mortgage debent ire stock will be created and secured
y a trust deed giving a first oilargoou all tile undertaking and assets.
The stock will be redeemable at par on January 1, I960, or, at the
option of the company, in whole or in part, by six months’ notice on
or aft*r January 1. 1920. at 110 per cent. Of this £1,000,000 amok
£800,000 Is now Issued, the i>alanoe of £200,000 being reserved for
future issue and when required for the purpose* of the company.
In the eventof voluntary liquidation or reconstruction of the company
the debenture stock wilt lie paid - tr at 110 per coot. Holders of first
mortgage debenture* of the i’aelflo Company aro offered £112 In first
mortgage debenture stock In exchange for each £100 debenture.
Notice ha* been given of the repayment at £ 1IH per bond, on Marolt
31, 1899, of the second mortgage debenture* of the Psolfio Company,
but holder* are offered £104 of the new first mortgage dobebentura
slock In lieu of cash. Preference shareholders In the Pad lie Company
w ill receive preference shares lu the consolidated company In the
proportion of twelve new for every ten old. The ordinary share­
holder* will receive share forsbare In the now company.—V. 87, p. 834.

S

B r o o k ly n

R a p id T r a n s it C o.— N assau

E le c t r ic

R R .—

Stock fo r Purchase Authorized.— The s to ck h o ld e r s o f the
B rook lyn R a pid T ran sit C o., on F eb. 11, by a v o to o f 149,3~0
ou t o f the 200,000 shares, agreed to th e proposed in crea se in
the capital s tock from $20,000,000 to $45,000,000. A b o u t $9,000,000 o f the n ew stock , it is u n d erstood , w ill be req u ired to
pay fo r the Nassau E le c tr ic R R . G o v . F lo w e r , a fter th e
m eetin g, denied the ru m o re d n egotia tion s fo r co n tr o l o f
the L o n g Island R R ,
The B rook ly n U nion E leva ted R R .,
after disch arge o f th e receiv er, he said, w o u ld oe pu rch a sed ,
if obtain able at a fa ir p r ic e .— V , 68, p. 185, 283.
C e n tra l P a c ific R R .— Settlement— Official Announcement —
Headjustment Plan. — Messrs. S peyer & Co. m ake th e f o llo w ­
in g a n n o u n ce m e n t: “ T he agreem ent o f settlem en t o f th e
Central P a cific R R , Co. has b e e n e x ecu ted b y th e R a ilroa d
C om pan y and b y the G overn m en t C om m ission , a n d a p ­
proved b y th e President. T he agreem en t provid es fo r th e

330

T H E

C H R O N I C L E .

paym ent in fu ll o f the d eb t o f the ra ilroad com pa n y , prin ­
c ip a l and interest, a m ou n tin g to a b on t $59,000,000 in tw en ty
equal h alf-yea rly
instalm ents,
ru n n in g
w ith
3 per
cen t interest, the first one t o m ature A u g u st 1, 1899.
T h e tw en ty notes g iv e n b y th e ra ilroa d com p a n y to corres
pon d w ith these instalm ents are to b e secu red b y an equal
a m ou n t o f first re fu n d in g bonds, w h ich are to be created
u n der th e rea dju stm en t plan sh ortly to b e prom u lgated here
and in E u rope. T h e rea dju stm en t o f th e financial affairs o f
th e railroad com p a n y is to be in ch a rge o f Messrs. Speyer &
C o ., N e w Y o r k : Messrs. Speyer Brothers, L on d on ; L az.
S p eyer Ellisen, F ran k fort-on -th e-M a in : Messrs. T eixeira de
M attos B rothers, A m sterdam , and the D eutsche Bank o f
B erlin .”
T he sum due as o f F eb . 1 was $58,812,714, com posed o f
the fo llo w in g item s:
Central Paoiflo debt February 1 $25,885,120 principal and $36.604.385 interest, less $9,100,452 of judgments, bonds and sinking
fund, leavingnet liability $ S3.389.052 Pile amount due by the Western
Pacific, nn the same date was $5,423,662, making the total sum due
by the two roads $58,8 2,714.

[VoL. LXA 111,

b y th e firm o f E m erson M cM rllin & C o. is a rra n g in g th e
con solid a tion o f these com panies. T he con solid a ted c o m ­
pany, w h ich w ill be a u th orized to issue $3,500,000 o f s to ck
and $5,500,000 o f 5# bon d s, w ill b e g in business w ith
$250,000 ca sh , $355,000 o f its b on d s and $290,000 o f its
stock in the treasury.1 A circ u la r to th e s tock h old ers o f the
ele ctric co m p a n y says:
There are two lan?e corporations in the oity of Denver engaged in
supplying light to ita inhabitants, the Denver Consolidated Eleetrio
Co. arid the Denver Consolidated Gas Co. .the former supplying light
and power by elecrioity. the latter light and heat by gas. A syndicate
has been organized with the view of bringing about th^ir union.
It is proposed that tne new corporation shall be organized with an
authorized stock issue of $3,500,000 and an authorized bond issue of
$5,500,000. The existing bondholders of each company will be
allowed to exchange their bonds for the bonds of the new company.
If the plan is oarried through as outlined, the new corporation will
have in its treasury for immediate improvements $250,000 in cash
and for use hereafter $655,000 in bonds and $290,000 in stook.
Stockholders of this company are given the option, if the plan is suc­
cessful. of selling their stook a: par, or of exchanging each $100 there­
of for $100 in the 5 per cent bonds of the new oompany and $60 in its
s’ock.
The controlling interests in both corporations are favorable to the
plan of union. The right is reserved to decline to receive any stook
not deposited on or before February 10, 1899.

T h e agreem ent w ill ob via te the n ecessity o f foreclosu re.
T h e A c t u n Jer w h ich the settlem ent is m ade w as
The o ld bonds aggreg ate $2,445,090, all or n ea rly a ll s u b je c t
passed b v Congress last J u ly , a n d w as giv en in fu ll in ou r
issue o f J u ly 2, page 27. T he A c t appoints the Secreta ry o f t o ca ll eith er n o w o r in the im m e iiate fu tu re at p rices r a n g ­
the Treasurv, the Secreta ry o f the In terior and the A ttorn ey - in g fr o m par to 105. T a e gas co m p a n y has p a il d iv id en d s o f
G eneral a C om m ission w ith fu ll p ow er to settle the in d eb t­ 3* in 1893 ; 3 in 1893 ; I in 1894 : 1 in 189.5 ; 2 in 1896 a nd 1 in
edness, p rovid ed that anv and all settlem ents shall be su b ­ 189S. Its capita l stock is $1,500,000. T h e ele ctric c o m p a n y
m itted in w ritin g to th e President fo r h is a pp rova l or disap­ paid o% in 1895, 6 in 1896, 7 in 897 and eith er 6 or 7 per ce n t
p ro v a l, and unless app roved b y h im shall n o t be bin d in g, in 1893, Its ca p ita l s tock is $962,700—V . 65, p, 824.
V . 67, p. 1157, 1163.
D e t r o it G ra n d R a p id s & W e s te rn R R .— First Dividend
C h ica g o & A lt o n R R .— Annual Statement.— T h e financial — T h e com p a n y has declared its first d iv id en d , 3 per c e n t on
statem ent presented at the annual m eetin g on T h ursday th e p referred stock, p ayable M irch 1 .—V . 65, p. 855.
show ed f o t the year 1898 a decrease in gross receip ts o f $387,E le c t r ic C om pa n y o f A m e r ic a .— Purchase and Officers.—
036, and a decrease in net receipts o f $103,156, as com pared T h e com p a n y , it is u n d erstood , has paid the P en n sy lv a n ia
w ith 1897. In this latter yea r the road earned a surplus o f M a n u fa ctu rin g L ig h t & P o w e r Co. $1,250,000 fo r th e plan ts
$31,826 over dividen ds o f 7}^ per cen t. In 1898 the dividen d o f th e e le ctric com pa n ies a t C am le a , A t la n t ic C ity and
rate was 7 per cen t, ca llin g fo r $55,576 less.—V . 68, p. 281.
Jam a ica . T h e m on ey f o r th is p a y m en t w as d e riv ed fr o m
C h ica g o C o n so lid a te d T r a c t io n Co.— W est C h ica g o S tr e e j the $1,750,000 rep resen tin g th e $5 p er share paid in on the
R R .— N orth
C h ica g o
S tr e e t
R R .— To Unite Branch first issue o f 350,000 shares. N o a d d ition a l ca ll, it is said,
Lines — P u rsu a n t to th e plan suggested several w eeks a go w ill be n ecessary at this tim e. T ne ca p ita l s to ck o f the
(C h r o n ic l e o f Janu ary 14, page 86), tn e C h ica go C on soli­ Ja m a ica C om pan y is rep orted to h av e been in crea sed to $1,dated T raction Co, has been orga n ized u nder the la w s o f 500,000. T h e officers o f th e E le c tr ic C o. o f A m e r ic a are:
Illin ois w ith $15,000,000 o f a u th orized capital stock to unite
Officers.—President. A. L ration Snowden; Vioe-President, William
the o u tlyin g b ra n ch lines o f the N o rth C h ica go and W est J. Latta; Secretary. J. B. McCall; Treasurer, E. B. Boll Directors—
Martin Maloney, William L. Elkins, Ttiomas Dolan, William .1. Latta,
C h ica g o street ra ilw a ys.—Y . 68, p. 86,137.
.
P. A. B. Widener, A. London Snowden. Charles A. Porter, Joseph B.
C itiz e n s ’ S tr e e t R R . o f I n d ia n a p o lis — C ity R y .— New McCall and James E. Hays.—V. 63, p. 282.
Interests Purchase Control— Proposed New Company.—I t is
F it c h b u r g R R .—Quarterly. — E a rn in g 3 fo r th e q u a rter and
ann oun ced that alm ost th e en tire capital stock o f th e C iti
the six m on th s en d in g D ec. 31 w e re :
zens’ Street R R . and all the shares o f th e C ity R a ilw a y have
3 mos. end'g
dross
Net
Other
Interest,
B alance,
been pu rch ased b y a syn dicate o f capitalists fr o m N e w Y o rk ,
Dee. 31,
earnings.
E arnings. Incom e, taxes, etc.
surplus.
P h iladelp h ia and Indianapolis. T h e syn dicate w as organized 1898................... $2,012,474
$629,640 $20,340 $376,114 $273,866
1897
......... 1,952,794
638,033
20,174
393,393
264,814
b y H u gh M cG o w a n o f K ansas C ity, w h o s a y s :
“ When I came to Indianapolis some weeks ago in behalf of the
bondholders of the Citizens’ Company, I soon reaohed the conclusion
that it was essential that the Citizens' Company should pass into new
hands. The situation was a most complicated one. I advised my
associates to purchase outright the stook of the Citizens’ Company.
The stock was accordingly purchased and transferred to myseif and
assoc iates. The City Company withdrew from the field, and all of its
stock also was transferred to myself and my associates.
Thsre is. therefore, to day virtually but one street railway oompanv
claiming any rights in this oity, and that is the Citizens’ Company. I
am here as its representative, and propose to ask an extension of its
franchise upon equitable terms, and if suoh an extension is granted
we shall offer to surrender the existing franchise, and to agree that
the perpetual rights, which we now hold, Bhall terminate at the ex­
piration of the extension which wo seek. A new oompany is to he
organized, composed largely of Indianapolis men, which will take
over all the assets and franchises of the Citizens’ Co. - V . 68, p. 281.

C o lu m b ia S o u th e rn R y .— Mortgage Filed .— The com pany
has m ade to the N e w Y o r k S ecu rity & T ru st Co. as trustee a
m ortga ge fo r $2,100,000. O f this $272,000 is issuable at once,
and th e rem ainder, it is said, at $10,001) per m ile on additional
road. T he lin e w as recen tly com p leted fr o m B iggs, Ore.,
south to M oro, 18 m iles, and is p r o je cte d to P rin eville, also
fr o m near Cross H o llow s in W a sco C ou n ty to C anyon C ity.
T h e President is E. E. L y t l e ; Secretary, M ay E n r ig h t ; G en ­
eral M anager, D. C. O ’R e illy , W a s co , Ore.
Itayton S p r in g fie ld & U rb a n a T r a c t io n .—Mortgage for
$750,000.— 'T he co m p a n y has filed a m ortga ge and tru st deed
to the Continental T ru st Co. fo r $750,000. T h e roa d is p r o ­
je c te d to run fro m D ayton to Sprin gfield and U rbana, 38
m iles. In N ovem b er, 1898, it w as u nder con stru ction b e ­
tw een D a yton and Springfield, 26 m iles, a nd exp ected to be
re a d y fo r operation b y M ay, 1899. P resid en t, Fred. C olbu rn ,
S p rin gfield , O.
D e la w a re L a e k a w a n n a & W e s te rn R R . —Quarterly .—
E arn ings o f the com p a n y’s N ew Y o r k leased lin e 3 fo r the
q u a rte r and th e tw e lv e m on th s en din g D ec. 31 w ere:
3 mot. ending
Gross
Dec. 31.
Earnings.
1898................... $2,594,431
1897
........ 2,672,491
12 months.
1898
........ $8,481,990
1897................... 7,856,858
—V. 67, p. 1308.

‘Vet
Earnings.
$1,490,649
1,559,242

Interest,
taxes, etc.
$610,079
581,889

Balance,
surplus.
$880,570
977,353

$4,270,112
3,938,22s)

$2,467,824
2,466,635

$1,802,288
1,471,594

6 months.
1898
........$3928,947 $1,334,885
1897................... 3,935,401 1,366,309

$39,965 $766,397 $608,453
38,028 779,119
625,193

D ivid en d s on p re fe rre d (4 p. c. per aauutn) are p a id s em i­
annually, ca llin g fo r a b ou t $151,009 q u a r t e r ly .— V. 63, p. 129.
F o r t W a y n e E le c t r ic C o .— Voluntary Bankruptcy. —P resi­
dent W o rd e n has n otified th e C ou rt th at th e co rp o ra tio n
w ill g o v o lu n ta rily in to b a n k ru p tcy on th e p etition o f its
cre d ito rs .— V . 68, p. 282.
G e n e r a l C h e m ica l Co. —Chemical Consolidation. — This
com p a n y w ith its p rin cip a l o ffije at P b illip s to wn, P u tn a m
C ou n ty, w a s in corp ora ted at A lb a n y , F ebru ary 15, t o m a n u ­
fa ctu re a ll kinds o f ch em ica ls. Its ca p ita l s tock is $ 15,000,000, h a lf o f it
cu m u la tiv e p r e fe rre d s to c k and the rest
co m m o n stock . T h e d ire cto rs a re:
William H. NLehols, Sanford F. Steele, George W. Kenyon, Charles
Robinson Smith, James L. Morgan, Jr.. Louis S. Wolf and J. Herbert
Bagg of New York City; Eugene Waugh of Highland Station. Putnam
County; Frederick Phillips of Philadelphia; C. P, Tiers of Pittsburg; E.
H. Rising of Cleveland; H. F . Chappell, H. W. Chappell, Chicago.

W.
H. N ich o ls o f B ro o k ly n , it is said, w ill be P resid en t.
M r. N ich o ls is P resid ent o f th e N ich o ls C h em ica l C o., 35
L ib e rty St., M anhattan. H e d eclin es at presen t to g iv e a
list o f th e com pa n ies to be u nited, b u t th e “ B ro o k ly n
E a g le ” u nderstands th at o n ly on e b ig ch e m ica l h ou se in th e
E ast has declin ed to en ter the trust. F o llo w in g are som e o f the
com panies w h ich are rep orted to con stitu te th e co m b in a tio n .
Niohols Chemical Co.; M. Kalbfleisoh Ohemioal Co.; James L. Morgan &
Co.; Dundee Chemical Co.; Lodi Ohemioal Oo.; Passaio Chemical Co.;
Highlands Chemical Co.; Fairlield Ohemioal Co.; Moro Phillips Chemic *1 Co., Philadelphia Chemioal Co., and National Ohemioal Co. of
Cleveland.

This lis t is p ron ou n ced o n ly p a rtia lly c o r r e c t .
G ra n d T r u n k R y . —Dividends Resumed .— T he d ir e cto rs
h ave declared a d iv id ed o f % on th e first p referen ce s to c k —
%
th e first div id en d on this stock sin ce A p r il, 1891.— V . 68, p. 129.
H o b o k e n G as— H u d son C o u n ty G as C o m p a n ie s . —Seven New
Companies.— T h e fo llo w in g seven gas com p a n ies, w ith c a p i­

ta liza tion o f variou s am ou n ts, have been org a n ized : H ob ok en ,
W est H obok en , W eeh a w k en , N o rth B ergen, T o w n o f U n ion ,
W est N ew Y o rk and G n tten b erg gas c o m p a n ie s E a c h w ill
D e la w a re
Lackaw anna *• W estern R R .— Presidency establish a.plan t o f its o w n in the to w n n am ed, and o f each
Accepted.— W . H . Truesdale, T h ird V ice President and G e n ­ T h om as C. B arr o f P h ila delp h ia is P resid en t; C ol. A . R K user
eral M anager o f the C h icago R o ck Island & P a cific, has a c ­
o f N ew a rk , V iee-P resid en t: J oh n H a g g e rty , S ecreta ry, and
cepted the presidency o f th e D elaw are L acka w a n n a &
C. C. H o w a rd o f H oboken , T reasu rer. T n e co m o a n ie s , it is
W estern R R .— V, 68, p. 231.
said, w ere form e d in the in terest o f the U n it e ! G is Im p r o v e ­
Denver Consolidated Gas Co. — Denver Consolidated m en t C o., and in opp osition to the H a d son C ou n ty G is L ig h t
t l e t r lc Co.— Proposed Consolidation.— A sy n d ica te, headed Co.

F e b r u a r y 18, 1899.J

T H E

C H R O N IC L E .

I l l i n o i s C ar k E q u ip m e n t C o.— Listed in London.— T h e
L o n d o n S tock E x ch a n g e has listed $1,108,500 first m o r tg a g e
5 per ce n t g o ld bonds and £184,100 colla tera l c a r tru st 5 per
ce n t debentures in lieu o f th e secu rities o f the U n ited States
C a r C o .— V. 66, p. 810.
I l l i n o i s T e l p h o n e k T e le g r a p h Co. o f C h ica g o . —
Franchise.— T h e ord in a n ce g iv in g a fra n ch ise to th is c o m ­
pa n y, a proposed r iv a l o f th e C h ica g o T elep h on e C o., a fter
b e in g am en ded t o m eet som e req u irem en t o f th e M a yor, w as
passed on T h u rsd a y b y the C ity C ou n cil b y a v o te o f 53 to 4.
T h e ord in a n ce con tain s th e fo llo w in g in terestin g featu res:

331

D ivid en d s o f 1 p3r cen t q u a rte rly ca ll f o r $300,000 q u a r ­
terly , o r $603,000 fo r t h e s is m o n th s .— Y . 68, p, 282.
M a ry la n d B r e w in g Co.— B a lt im o r e B r e w e r ie s C o n s o li­
d a te d .— Official Announcement.— New Bonds.— S ixteen o f the
tw en ty b rew eries o f B a ltim o re are to b e con solid a ted u n d er
this title on M a rch 1. R ich a rd B. Sp erry, o f th e firm o f
Sp erry, J on es & Co. a u th orizes th e follow in g " an n ou n cem en t:

My Arm has succeeded lu arranging the consolidation which will go
into effect on March 1. The consolidated corporation will be known
as the Maryland Brewing Co,, and will he composed of the following
breweries: George Bauernsohmidt Brewing Co., George Brehrn, George
Gunther, We hr. Hobelmann 4 Gottlieb Co., National Brewing Co.,
A» amended It provides lor a franchise lor thirty years, the Eigenbrot Brewing Co., Darley Park Brewery, Bayview Brewery,
company to pay no compensation lor the first ten years. 3 per Mount Brewery, Vooderhorst Brewing Co., Baltimore Brewing Oo„
cent ol the gross" receipt* lor the second ten years, 5 per cent tor the Germania Brewing Co., Oriental Brewing Co., 8. Helldorfer’ a Sons,
next ffve years and ? per cent lor the remaining 5 years. In all conduits John F. Welssner * Bro., John B. Berger.
one duct shall be given to the city and the city can use all the com­
The total output of beer In Baltimore City and County is about
pany's poles. The cost ol telephones shall not be more than $85 a 675.000 barrels, and the breweries we hare acquired represent600,000
year lor buslnr-i- Instruments, $50 lor residences and $125 tor public barrels. The Ctttzens* Trust 4 Deposit Co. has been invited to aet as
telephones. The city is *1 fen a number o! telephones tree, and can trustee of the mortgage, and will probably be aotively Interested in
rent Instruments for Are and police use lor $5 a year. An option la the negotiations.
lyen to the city to purchase the plant at the expiration ol the
ranchise.
A p u b lic issue o f $1,000,000 o f th e b on d s n o t su b scrib ed

?

I n d ia n a 4 I llin o is S o u t h e r u R y .—l l l i n o i s C e n t r a l R R .—

Reported Sold.— T h e - R a ilw a y A g e ” savs : • T h e n egotia
•

tio u s f o r the p u rch a se o f th e In dian a <fc Illin ois S m th ern
b y th e Illin o is C entral h a v e been co n clu d e d , but th e roa d is
still b e in g operated as a separate lin e, and there h ave been
n o official ch a n ges.” The roa d exten d s f r o m S vitz C tty. la d .,
t o E ffingham III., 90 m iles, and has often been rn m ored as sold,
b u t app arently th ere is n ow m ore bams than fo rm e rly for
th e re p ort.— V . 67, p. 0)6.
I n te r n a tio n a l N a v ig a tio n C o.— Bondi Called—Option to
Exchange fo r New 7*. - T h e first m ortg a g e 6 per ce n t b on d s,
dated F eb . 1st, I s94, are catted f o r red em p tion at 103 and
a ccru e d in terest o n o r b efore M -trct 3 L 1899, at th e eom any'a offices in N e w Y o rk and P n iladelp hia, o r at th e b&alci g house o f D rexel & C o,, in P h ila d elp h ia . In terest w ill
cea se on th e said 31st day o f M a rco.
H o ld e rs , h o w e v e r, are g iv en the p riv ileg e u n til M a rch 33.
1899, o f e x ch a n g in g the bon d s f o r n ew first m ortg a g e 5 p e r
ce n t 10-30 yea r go ld bonds, dated Feb. 1st, 1809, at 10.3 and
a ccru e d in terest f o r th e 6 p e r c e n t bonds, a n d p a r and in te r­
est fo r t h e 3 p e r c e n t bonds. S se item in last w eek's issue,
p a ge 282.— V. 6.8, p. 283.
I n t e r n a t io n a l S ilv e r C o.— Common Stock on Unlisted D t peirtmmt.— Official Statement to New York Stock Exchange. —
T h e co m p a n y ’s $9,896,000 o f co m m o n stock has been a d ­
m itted to q u ota tion on th e unlisted dep a rtm en t o f the N . Y .
S tock E xch an ge. T h e official statem en t reg a rd in g th e p rop erty
and its ca p ita liza tio n , the righ ts o f the shareh olders, etc.,
w ill be fo n n d on page 334.— V . 68, p. 233,
J a c k s o n v ille T a m p a & K ey W est R y .— foreclosure Decree
Under First Mortgage.— J u d g e L ock e, o f th e U n ited States
C ircu it C ou rt, at J a ck so n v ille, F la ., on F eb . 6 en tered a de­
cre e o f fo re clo s u re u nder the first m ortg a g e. T h e M aster,
C harles S. A dam s, is d irected to sell the m ain line, J a ck son ­
v ille to S a n ford , 130 m iles, and also th e A tla n tic C oast St.
J oh n s & Indian R iv e r roa d , 36 m iles, b n t n ot the L ake
E nstis bra n ch , 29 m iles. The earlier decree w as u n der the
co n so lid a te d m o rtg a g e o f 1890, and a pp lied t o th e en tire
p rop erty, w h ich w as to be sold s u b je c t to the first m ortga ge.
— v . 67, p. 479.
K e n tu c k y D is t ille r ie s k W a re h o u s e Co.— Officers.— T h e
fo llo w in g h a e been elected:

E

President, S. M. Utoe; Vlce-I'reaident and Chairman of Board of
Director*, Eds m Beadier: Secretary, T, II. Wentworth.
Directors: ft. M. Rice. Edson Bradley. A trills Cor. E. F. C. Young.
George R. Sheldon, Gilbert B. Shaw, Jefferson D. Stewart; advisory
oomnilttee, Edward Senior. J. M Atherton. J. B. Wathen, M V.
.Monarch, Nicholas Miller, J. S. Stoll, E. J. Curley, T. B. Rlpey, George
D. Boldrick - V , SB, p. 232,

fo r b y th e b rew ers w ill be m ad e som e tim e d a rin g th is m o n th
on b ebalt o f a s y n d ica te fo rm e d t o u n d e rw rite th em . T h e
to'.-il a u th orized issue is $7,500,000 6 per cen t g o ld bon d s,
due in 1939.
T h e ca pita l s tock o f th e new co m p a n y is
$6,500,000, in $100 s h a r e s ; $3,250,000 o f this is 6 per ce n t
preferred.
M e rch a n ts ’ W ir e k N a il C o .— Incorporited. —T n is com "
puny has been in corp ora ted at T ren ton , N, J ,, b y C lem en t N .
B iddle, R o b e rt B id d le and W illia m B. K n ig h t, a ll o f P h ila ­
delp hia. T t e ca p ita l s to ck is $500,000 co m m o n , o f w h ich
$200,000 (in $1,000 shares) is pa id in , and $500,000 o f 7 per
cen t preferred s to ck to pay f o r m a n u fa ctu rin g plants. C.
N . B iddle says the enterprise is an association to p rotect the
m em bers fr o m th e c o n tr o l o f the A m erica n Steel & W ir e Co.
M e x ica n C e n tra l R a ilw a y S e c u r it ie s C om p a n y , L im ite d .

— A Depo-ntanj Company.— A com p a n y w ith the a b ov e title
has been form ed to a cq u ire the 4 per cen t con sols o f the
M exican C entral R y . " a n d to issue in their pla ce tw o classes o f
securities, w h ich w ill m eet th e w ants o f tw o differen t classes
o f in v estors." It w ill a lso have an E n glish org a n iza tion
" w hich w ill be in clo s e tou ch w ith the A m erica n C om pan y
and w hose prep on d era tin g h old in g o f th e bonds w ill assure
for it a position o f in fla en ce.” T h e share ca p ita l o f the
Secu rities C om pan y w ill be raised b y a p a y m en t o f £ 3 per
b on d o f $l,0ixi deposited. T h e capita l so a cq u ired w ill be
applied in the first in sta n ce to th e paym ent o f the expenses
con n ected w ith th e orga n iza tion o f the co m p a n y and the issue
o f it* securities, and the b a la n ce w ill be invested to provid e
an in com e tow nr da the annual expenses o f th e com p a n y . E ach
h older o f $1,0 0 fo u r p e r cen t con solid a ted b on d o f th e M ex ­
ican C en tra! R a ilw a y C o ,, L im ited , w h o sh all dep osit h is b on d
a nd p a y £2 w ill r e c e iv e :—
1. £102 - A " debenture flock of the Mexloan Central R ill way
Securities Co.. Limited, bearing 4 percent per annum Interest, payable
January 15 and July 15, which will be secured In respect of both
principal and Interest by deed of mortgage to trustees, creating a first
charge upon the bond* of the Mexloan Central Railway Co. deposited
under »hl» arrangement.
2. £102 ” B " debenture stock of the Mexican Central Railway
Securities Co., Limited, hearing l percent per annum Interest, payable
January 15 and July 15. scoured by the same deed of mortgage, and
constituting a second ehargo upon the deposited snourltlos. The
interest open this stook will be payable only as and when earned by
the Securities Co., bnt will he cumulative.

H olders w ho desire to d ep osit their b in d s m a s t do so on or
b e fo re M arch 1 at tha b a n k in g h ouse o f M essrs. G ly n , M ills,
C arrie & C o., 67 L om b a rd Street, E. C. A large m a jo r ity o f
the bonds Is held in E n gland. It is con sid ered that th e tim e
is n ot yet ripe fo r tn v itio g th e dep osit o f the shares and
jn n io r securities, b a t it is a nticip ated th at th e y w ill at, som e
K in g s C o u n ty E le v a ted R y .— Deposits o f Bonds.— T h e B el­
m o n t co m m itte e giv e s n o tice th at a m a jo rity o f the first m o r t­ later date m erge th eir in terests in this com p a n y . T h e n ew
g a g e bonds o f the K in gs C ou nty E leva ted R R . C o. a nd also com p a n y 's d irectors, e tc ., are:
Director* —9lr Henry Oakley. Chairman; Sir Yluoont Calllard, II.
a m a jo rity o f the first m ortga ge bonds o f th e F a lton E le ­
Laurence Currie. E*q,, Robert Fleming, Esq., O.
vated R R . Co. have been dep osited w ith the G u a ra n ty T ru st J. Chlnnery, K«q.. Esq.
SUgo de Pot homer,
C o , pu rsu a n t to th e n o tice o f Jan. 23,1899, a nd th at fa r th e r
Trustee* for debenture stock and debentures.-Right Hon, Lord
dep osits w ith ou t penalty m ay be m ade to and in clu d in g Hillingdon, Right Hon. Lord BeveDtoko, H. W. Smlthers, Eiq. —V. 67
M a rch 6, 1899. A fte r th at date n o b on d s w ill be a ccep ted O. 1283.
excep t u pon sn ch term s as the com m ittee m a y im pose. See
M ic h ig a n -P e n in s u la r C a r Co.— A m e rica n C a r & F o u n d r y
n o tic e in a dvertisin g co lu m n .— V. 68, p. 187.
C o.—T h e M ich iga n -P en in su la r s tock com m ittee has acL a t o ile t t e C oal ir o n 4 R a ilw a y C o.— Rerrganized Com- greed to the sale o f th e s to ck and p ro p e rty u pon th e fo llo w ­
jnzny.— T h is co m p a n y ha3 been orga n ized u n der th e la w s o f in g term s to its stock h old ers :
Tennessee as su ccessor o f the L a F ollette C oa l & Iron C o.,
Preferred stockholders to receive 50 per cent of the par value of
fo re clo se d . T he n ew co m p a n y h as a u th orized ca p ita l stock their shares In cash, 50 per cent In preferred shares of the capital
o f $2,000,009 a n d ,c a n en gage in m in in g a n d d ea l in m in eral stock of the American Oar 4 Fonndry Co. and 50 per cent In the
stook of
Car 4
Common stock­
lands. In corp ora tors: H. M. L a F ollette, H en rv H u d son , E. commonto receivethe AmericanIn cash. Foundry Co. In the preferred
holders
25 per cent
25 per cent
D . M a rvin , W . L. W e lk e r , E. S. W a rren , J r .— V. 66, p. 336, shares of the capital stock of the American Car 4 Fonndry Co. and 25
M a n ch e ste r (N , H.) E le c t r ic L ig h t Co .— Called Bonds— per cent In the common stook of the Amerioau Oar & Foundry Co.
Refunding.— T h e com p a n y has ca lled tor pa ym en t its en
T h e d irectors h ave also d u ly adop ted a resolu tion fo r the
tire ou tsta n din g issue o f $80,000 first m ortg a g e b on d s and sale o f the p roperty upon these term s, m ore than fivew ill redeem th em at the office o f its T reasu rer, at 53 State sevenths o f th e shares h aving assented.— V . 68, p. 280.
Street. B oston , o r a t th e A m osk ea g N ational B ank. M an ­
M ich ig a n T e le p h o n e C o . —E rie T e le g r a p h & T e le p h o n e
chester, N. H , on o r a fter M arch l, 1899. Said bonds m ay,
C o .- $1,600,000 New Bonds Offered.—P o o r & G reen ou gh are
at the op tion o f th e h older, be ex ch a n ged fo r 5s o f 1897.
M an h a tta n R y.— Quarterly.- -E a rn in g s fo r the q u a rte r re ce iv in g su b scrip tion s at 99 % and in terest fo r $3,50),000
M ich igan T elep hon e con solid a ted m o rtg a g e 5 per cen t g o ld
and the six m on th s en d in g D ec. 31 w ere:
bonds, dated Jan. 2, 1899, and du e .Tan. 1, 1939, n ra ctiea lly a
3 mo*. enrl.
gross
P et
Other
interest,
Dse 31.
earnings,
earnings.
first Uen, as n o t m ore than $285,00 1 o f the $750,000 first
income.
taxes, etc. Jtalmor..
1X I*............. $2,358,196 $1,015,106
$47,500
$731.7Rt $331,522 m ortga ge b on d s w ill rem ain ou tsta n din g. T he n ew bonds
1897............. 2,597,186
1.239,101.
45,625
774.855
509,871 are part o f an a u th orized issue o f $5,000,000, secured b y
6 m
onth*.
T he
* 3 9 8 ....... $4,. 115,309 $1,555,416
$95,000 $1,338,956 $311,460 m ortga ge to the O ld C olon y T ru st Co. as trustee.
1837............
1,597,416 1 ,9 11,833
102,292
1,381,914
864,981 financial position o f th e M ich iga n T elep h on e Co, appears

T H E

332

C H R O N I C L E

fro m th e f o l l o w i n g : Share capital, $2 500 000; tirat m ort­
gage 5 per cen t bon d s, due 1017, $285,000; con solid a ted
m o rtg a g e 5 per ce n t bond s, this issue, $2,500,000. A vera g e
net earnings fo r five y e a r s —a fter pa vm en t o f in terest—ap­
plica ble to dividen ds, $188,171. S u b scrib ers in 1891 w ere
13,187; 1895, 18,098; 1896, 13,981; 1897, 15,588; 1898, 19,052.
C on trol o f the M ich igan T elep h on e Co. has re ce n tly been
secured b y the E rie T elegraph & T elep h on e C o., w hose p r o ­
posed p o licy is ou tlin ed b y Charles J . G lid d en , the P resident
o f each o f these com panies, su bstan tially as fo llo w s :
T lie p ro ce e d s o f th e sale o f th e <82,500,000 oon soltd a toil m o rtg a g e
b onds a re to b e a p p lied aa fo llo w s : (l> T o p u rchase and ca n ce l the
$ 6 5 0 ,0 0 0 ou tsta n d in g first m ortg a g e b on d s: c o n tr a c t h a s b een e n te re d
into to p u rch a se $ 36 5 ,0 0 0 . le a v in g o u ts ta n d in g $ 28 5 ,0 0 0 . (2) For
e x c h a n g e b u ild in g s, viz : In D e tro it, live b ra n ch ex c h a n g e s; m ain e x ­
ch an ge b u ild in gs, on e eaoh at B attle C reek, B a y C ity , K a la m a z o o ,
LanslD g, M a rq u ette an d P oin t H uron. The c o m p a n y a lrea d y o w n s
land and build in gs to th e va lu e o f $ 2 6 4 ,5 5 3 a t D etroit (in clu d in g o n e
b ra n ch e x c h a n g e ), J a c k s o n , S ag in a w and G ran d R ap id s. (3) To e x ­
te n d the lorn? d ista n ce sorv ioe to all im p o r ta n t seotion s o f th e State,
in clu d in g the iron m id co p p e r d istrict. (4) T o p la ce e x tr a o o p p e r
m e ta llic circ u its fo r lo n g -d ie ta n o e se r v ice o n p o le ro u te s al e a d y es­
tablish ed, p r o v id in g fo r a la rge an d in cre a s in g b usin ess. (5) T o p a y
the c o s t o f co n n e ctin g n ew su b scrib ers a t a ll ex c h a n g e s an d gen era l
a d d ition s.
E x p e rie n c e p ro v e s th a t e x te n s io n s an d im p ro v e m e n ts o f the c h a r­
a cte r o u tlin ed b rin g la rg ely Inoreased rev en u e, th e re b y p r o v id in g fo r
all fix e d oharges an d reg u la r d ivid en d s u p on th e c a p ita l stook .

fV0L. LXV III.

N ew Y o r k O n t a r io & W e s te rn R y.— Change -n Basis for
Refunding Cons ds.— K u h n , L o e b & Co. r e fe rrin g t o th eir
offer to re fu n d th e con solid a ted firsc m ortg a g e 5s in to th e 4£
re fu n d in g bon d s g iv e n o tice th at th e cash a m ou n t a llo w e d
u p on re fu n d in g w ill a fte r F e b ru a ry 28 n e x t be re d u ce d on eh a lf o f ljf.—V . 68, p. 283.
N ia g a ra F a lls & L e w is to n R R .— Receiver.— This roa d , on
a p p lica tion o f a m a jo r ity o f th e d irectors, has been p la ced b y
J u stice C h ilds in th e hands o f J oseph R. M egru e o f N e w
Y o rk , as tem p ora ry re ce iv e r.— V . 60, p. 1010.
P e o p le s R y. o f St. L o n is .— Sold.— A t the fo re clo s e u re sale
on F eb. 9 th e p ro p e rty was p u rch a sed for $500,000, s u b je c t
to th e first and secon d m ortga ges, taxes, etc. b y A u g a st
G eh n er, rep resen tin g the th ird m o rtg a g e b o n d h o ld e rs ’ c o m ­
m ittee.
T h is com m ittee in clu d es
Mr. G eh n er, L . M .
R u m sey and Charles P a rson s.— V . 67, p. 1001.

P e t e r s b u r g ( Y a .) S tr e e t R a ilw a y s .— Purchased.— T h e
P ied m on t T ra ction Co. and th e V ir g in ia T r a ctio n C o., o w n ­
in g the street ra ilw a y system s o f P etersburg, V a ., have been
pu rch ased b y J oh n L . W illia m s & Sons, o f R ich m o n d , and
M id den dorf, O liver & C o., o f B altim ore.
T h e pu rch asers
propose to g iv e P etersb u rg a street r a ilw a y svstem w h ich
w ill b e a cre d it to th e city . T h ey also e x p e ct to fu rn is h lig h t
T he balance o f the a uthorized issue, $2 500,000, is to b e re­ and p ow er.
served b y the trustee fo r future extensions, and to retire the
P h ila d e lp h ia Co. o f P i t t s b u r g — A lle g h e n y C o u n ty L ig h t
rem ainin g first m ortga ge bonds n o w ou tsta n d in g.— V. 68, p. C o.— C o n s o lid a te d Has C o.— U n ite d T r a c t io n C o .— Con­
85, 231.
solidation Plan.— It is rep orted fr o m P itts b u rg th a t M essrs.
M inneapolis & St. L ouis R R .— New Mortgage, Etc., Au­ B ro w n B rothers & C om p a n y , N e w Y o rk , and A le x a n d e r
thorized.— A t th e special m eeting on F eb . 14 th e stock h old ers B row n & Sons, B a ltim ore, rep resen tin g a sy n d ica te, h av e
d u ly a u th o riz-d the n ew m ortga ge, and th e pu rch a se o f 123 pu rch ased a m a jo rity o f th e stock s o f th e P h ila d elp h ia C om ­
m iles o f the W iscon sin M innesota & P a cific and th e M in n e­ pan y (natural gas), and the A lleg h en y C ou n ty L ig h t C o. (e le c ­
apolis N e w U lm & Southw estern. 20 m iles in len gth .
tric). a nd are p roposin g to con solid a te u n d er th e ch a rte r o f
Bond* Offered.— R edm on d , K e rr & C o., h a v in g sold the fo rm e r com pa n y , these com p a n ies, the C on solid a ted G a s
$4,000,000 o f the com p a n y 's n ew first and re fu n d in g m ortga ge Co. (illu m in atin g) and th e U n ite d T r a ctio n Co. (street ra ilw a y ).
4s, offer the unsold SI ,000,000 at 93(£ per ce n t and a ccru ed
It is u n derstood th a t the ca pita liza tion o f th e P h ila d elp h ia
interest. The bonds, w e are in form ed , have already been C om p a n v , w h en th e proposed plan is fu lly co m p le te d , w ill
la rgely over- subscribed.? See’ advertisem eD t on a nother page. be §6 500,000 5 per cen t bond s, $6,000,000 5 per c e n t p re fe rre d
Official Statement.—P resid en t E d w in H a w le y w rites as stock , and $15,000,000 co m m o n stock . O f th e bonds and
fo llo w s to u ch in g th e n ew bon d s:
stock s n o t all are t o b e issued at th e present tim e ; an a m p le
T hese b o n d s w ill h e secu red b v an a b solu te first m o rtg a g e u p o n a m ou n t w ill b e reserved to p r o v id e fo r the o u tsta n d in g b o n d s
a b o u t 123 m iles o f r o a d , e x te n d in g fr o m M o rto n , M in n ., t o W ater- u p on th e ele ctric pla n t and fo r th e fu tu re needs ot' th e c o m ­
to w n , 8. D . (fo r m e r ly a p a rt o f the W is. M in n & Pao. R R ., an d u p o n
T h e n ew officers elected at T h u rsd a y ’ s m eetin g w ere ;
a b o u t 2 0 m iles o f ro a d , e x t e n d in g fr o m W im h r o p t o N ew U lm (the pany.
m o rtg a g e h e r e to fo '6 e x is tin g u p on this p r o p e r ty h a v in g b e -n ca n
e eled ), and u p on th e n e w line w h ic h is t o b e b u ilt fr o m N ew U lm to a
p o in t on the Illin ois C en tra l R R . in B u en a V ista o r C h erok ee C ou n ty,
I o w a , m ak in g th ese b on d s a first m o rtg a g e u p on a b o u t 283 m iles in
all, e x c lu s iv e o f s id in g s, a t a b o u t $ 1 8 ,0 0 0 p e r m ile. I a a d iit io n th e
b o n d s w ill b e a m o rtg a g e s u h jeot to e x is tin g lie n s , a m ou n tin g to o n ly
$ 1 0 ,0 0 0 ,0 0 0 , n p on the en tire p r o p e r ty o f th e c o m p a n y , in clu d in g the
term in als In th e c it y o f M in n eap olis, w h ich are b y fa r th e m o st v a l­
u a b le term in als in th a t c it y , and a re es tim a ted t o b e w o rth a b o u t

Officers—Hon. J. H. Reed. President; James D. Gallery, Vice Presi­
dent (now President of tlie United Traotion Company); T. Hart Given,
Treasurer; J. F. Guffey, Secretary, and R. D. McDowell, General Man­
age.
Directors: Messrs. Reed, Callery, Given, McDowell, Rhoades, MoMullin, Frazier, Bowdoin and Calhoun.—V. 67, p. 1358, 1 30 9 ,12 6 4;
V. 66, p. 1001.

R o g e r s S ilv e r w a r e C o.— Incorporated.— T h is co m p a n y ,
was re ce n tly in co rp o ra te d in N ew J ersey w ith $1,000,000
T h e p o rtio n o f th e W is. M inn & P a cific R R . n o w o w n e d b y this ca p ita l to con solid a te C. R o g e rs & B roth ers o f M erid en,
c o m p a n y has been o p e ra te d b y it f " r s om e y ea rs p ast, and th e n et
ea rn in g s fo r th e y e a r en d in g J u n e 3 0 th . 1 89 8 , w ere $ 1 0 5 ,4 5 7 . I have C oud ; th e R o g e rs S ilver P la tin g Co. o f D a n b u ry , C on n ., a n d
T h e n e w co m p a n y , it
rea son to b e lie v e that the lin e fr o m W in th ro p to th e ju n o t io n w ith th e th e M a ltby -H en ly Co. o f N e w Y o r k .
Illin o is C en tra l R R . w ill earn in th e first y e a r o f its op era tion a t lea st is stated, is n ot orga n ized t o fight th e In tern a tion al S ilv e r­
$ 1 0 0 ,0 0 0 n et, a n d that th e n e w an d in crea s ed busin ess to the o ld
lines, re s u ltin g from the new lin es and th e in te rch a n g e o t tra ffic, w ill w are C o., b u t sim p ly fo r th e pu rpose o f p u ttin g th e R o g e r s ’ s
a m ou n t t o at lea st $ 1 0 0 ,0 0 0 p e r a n n u m n et. T h e n e t e a rn in g s o f the interests on a firm er basis.
M in n eap olis A St. L ou is R R . fo r th e y e a r 1 898 w ere $ 9 9 1 ,3 6 8 ; fix e d
S a n fo r d (M e .) & C ape P o r p o is e R R . —$250,000 New Bonds.
cliargi 8, 1 89 8 , $ 5 * 0 ,5 4 0 ; su rp lu s, $ 4 1 0 ,8 2 8 , o r n e a rly tw ic e the
a m ou n t n ecessa ry to m eet th e in terest ch a rg e o n n e w b on d s n o w is ­ — T h is n ew co m p a n y ’s $250,000 th irty vea r 5 per cen t g o ld
su ed w ith o u t c o n sid e rin g the ea rn in g s fr o m th e n « w m ilea ge.
bonds are offered at pa r and in terest. T h is is an e le ctric ro a d
W e th erefore m ak e the fo llo w in g e s t im a t e s : N e t ea rn in g s o f o ld co n n e ctin g th e tow n s o f S a n ford . A lfr e d , L ym a n , K en n elines. 1 8 9 a, $ 99 1 ,3 6 8 ; ea rn in g s o t n ew lin es, in o lu d in g in cr e a s e d n et
ea rnings o f o ld lin es resum ing fro m th eir a cq u isitio n , $3.>5,457; bu n k . W e s t K en n eb u n k and K en n eb u u k p ort, M aine, w ith
The P resid en t is E rn est M.
to ta l estim ated n e t in oom e, $ 1,2 9 6 ,8 2 5 ; t o ta l fix e d ch a rg es, $ 7 '2 ,54 0 ; th e term in a l at Cape P orpoise.
estim ated su rp lu s o v e r fix e d ch a rg es, $ 5 0 4 ,2 8 5 .
G ood a ll (S a n ford M ills); V ic e P resid en t and T reasu rer, L o u is
O ther data w ere in Y . 68, p. 18n; V 68, p. 187.
B G o o d a ll (G o o d a ll W orsted C o .) ; m ortg a g e trustee, S ta te
N ational Steel Co. — Underwritten—A press dispatch from T ru st Co. o f N. Y . C ity.
C h icago says the u n d erw ritin g has been closed and all appli­
St. L otu s * S a n F r a n c is c o R R .— St. L o n is ,fc O k la h o m a
cations fo r stock have been scaled 50 per c e n t. It is under
C ity R y .— Purchase. —T h e rep orted p a r c h a s e o f th e St. L o u is
stood th a t th e stock certifica tes w ill be issued b efore M arch & O klah om a C ity R y ., ex ten d in g fr o m S a pu lpa to O kla­
1st, represen ting $22,000,000 p referred and $28,000,000 co m ­ h om a C ity, 100 m iles, t o th e St. L ou is & San F ra n cisco, is
m o n .— V. 68, p. 283.
officiallv con firm ed. T h e n ew lin e giv es th e San F r a n cis co

$6,000,000.

New E ngland D airy Co.— M ilk Company C onsolida­ com p a n y its o w n line in to O k la h om a C ity . F ir s t m o r tg a g e
tio n . — Incorporated.— This com p a n y w as recen tly in corp or­ 4 p er cen t 50-year g o ld b on d s w ill be issued a t the ra te o f
ated in N e w Jersey b y Charles N . K in g . R ich a rd F. R yan, $19,000 per m ile and th e entire lot. a m ou n tin g to $ l,9 6 2 ,r00
and A . M cM ahon.

T he a u th orized capital s to ck is $30,000,000

New Y ork C entral & Hudson R iv er R R .— W e s t Shore

Hit.— Chang? in Position o f West Shore Road.—V ice Presi
dent J. D. L a v n g o f th e W est S h ore roa d , on com p letin g
50 years o f ra ilw a y service, has decid ed to retire. H is resig­
n atio n as G enera) M anager w ill take e ffe ct A p ril 1 and as
V ice-P resid en t A u g . 1. On A p r il 1 the W est S h ore m a n a ge­
ment w ill b e con solidated w ith the N ew Y o r k C en tral, and
the W e s t Shore road w ill cease fo r op eratin g purposes to
figure as a separate property, and w ill b ecom e m erely a d iv ­
ision o f the C entral. A s a resu lt o f this ch a n ge, it is u n d er­
stood the C entral w ill th row add ition al traffic o v e r the W est
Shore route. T h is road o f late years has been supposed to
earn a bout th ree-quarters o f the interest on its $50,000,000 o f
first 4s guaranteed b y th e C en tra l.— V. 68, p. 233.
N ew Yo k N ew H aven & H a r tfo r d ItR .— Quarterly.—
Earnings fo r the q u a rter and the six m onths en din g D ecem ­
b er 31 were:
3 mos. end.
Dec. 31.

Oross
earnings,

1898................... 9,365,126
1897 ................ 7,588,819
6 months.
1898 ................ 20,155,104
189?....................15,933,968
- V . 68, p. 40, 41.

yet
earnings.

$

Other ' Interest,
income, taxes, etc.

$

Balance,
su rp lu s.

$

3,094,601
2,285,245

406,550
93.178

1,931,569
1,543,077

1,566,582
835,346

7,287,849
5,684,170

521,133 3,886,943
124,370 3,119,367

3,922,039
2,689,173

has been pu rch ased b y R ed m on d , K e r r & Co.
T h e bon d s p u rch a sed are d ire ct o b lig a tio n s o f the Sf.
Louis & San F ra n cisco, and a lso a d ire ct first m o r tg a g e lien
at $19,000 per m ile on th e lin e o f th e fo rm e r St. L ou is &
O klah om a C ity R y ., ex ten d in g fr o m Sapu lpa to O k la h om a
C ity , a b ou t 103 m iles. T h ey are 50-year g o ld 4 per cen ts,.
and th ey w ere issued to retire a lik e a m ou n t o f 5 per ce n t
bonds o f th e St. L ou is & O klah om a C ity. T h e lin e, it is
said, has been ea rn in g m ore than its in terest, even at th e 5
per cen t rate.
T he n ew bon d s are pa rt o f a tota l a u th orized issue o f $4,000,000. As w ill b e rem em b ered , th e St. L o u is & O k la h om a
C ity R y . is an extension o f th e San F r a n cis co ’s S ou th w estern
D ivision , 112 m iles in len gth , the $1,500,000 o f 5 p er cen t
b on d s on w h ich w ere also taken and p la ce d b v R e d m o n d ,
K e rr & Co. T he S ou th w estern D iv isio n 5 s are s u b je c t to ca ll
at par, and th e exp ecta tion is th at th e tim e w ill soon a rrive
w hen th eir refu n d in g at a lo w e r rate o f in terest ca n be u n ­
dertaken to advantage. F o r th is reason th e n ew 4 per cen t
loa n o f th e St. L ou is & San F ra n cis co is m a d e fo r th e a u th o r­
ized a m ou n t o f $4,000,000, $1,500,000 b e in g sp ecia lly reserved
to retire the S ou th w estern D ivision bon d s w h en ever deem ed
best. Besides th e b on d s so reserved and th e add ition a l $1,*
962,000
n o w sold, $538,000 o f the n ew bon d s rem ain a va ila b le
fo r extensions, ad ditione im provem en ts, e tc .— V . 67, p. 1161;
I V . 68, p. 233.

F

ebruary

18, 1S99.J

T H E

C H R O N IC L E ,

333

secu rities w ere re ce iv e d b y A lex a n d er B row n- & Son s a n d
a ggregated a b o u t five tim es th e req u ired a m ou n t. T h e s u b ­
3 mos. en'd'g
Gross
-Vet
Interest.
Balance,
scrip tion s w ere on th e basis o f 95 p er ceu t and a ccru ed in ter­
Dec. 31.
Earnings. Earnings. Tares, etc. d e f.o r s u r .
est fo r the $18,000,000 n e w first con solid a ted m ortga ge 4 p er
189S
.......... $170,795
$76,246
$95,812
def. $9,566
cen t fifty y e a r-g o ld b o n d s and at 80 per cen t f o r th e $14,000,81,973
82,933
def.960
1 8 9 7 .. ...'...................... 171,114
000 4 per cen t cu m u la tiv e p re fe rre d stock .
U n d er th e
6 months—
1898
*347,025 $131,868 $173,035
def.$21,167 com m on s tock t o th e exten t o f $8,000 ,000 pa r va lu e,
$151,868
plan
................................................
174,119
1 897.. ............................ 361,111
171,119
162,855
sur.11,264
b ein g equal to 25 per cen t o f the a g g reg a te par va lu e o f said
. _
. . ------------- I — - -07
L oan s and bills p a ya b le D ec. 31, $339,707, against $379
bonds and preferrn d stock to be issued th ereu n d er, w as set
o n Jun e 30.— V . 68, p. 233.
aside as a txmus f o r u n d e rw ritin g the pla n . T h ere h av e r e ­
S ta te T r u s t Co. o f N ew Y o r k .— Awe Directors.— T h e f o l­ ce n tly been la rg e sales o f th e n e w b on d s at 1 0 2 U ,— V . 68,
lo w in g n e w d irectors w ere elected last w eek : W m . C. W h it ­ p. 230.
n ey, H . H . V reela n d , P , A . B. W id en er and E d w a rd H . Clark,
U n ited L ig h t in g & H e a t in g Co.— Officers.— T h e officers
T e r r e H an te E le c t r ic R y .— Foreclosure Suit. - T h e M e tro ­ and d irectors, e tc., are:
p olita n T ru st C o. o f H e w "York and th e U n ion T ru st Co. o f
Officers—President, George W. Elkins; Vice-President and General
In diana, trustees n nder th e m ortga ge o f 1314, filed a p etition
Counsel, William Ftiullay Brown; Treasurer, Cihas. E. Lee. Directors
in the S u p e rio r C ou rt at T erre H au te, I n d „ on th e 4th inst. —Thomas Dolan, William L. Elkins, Martin .Maloney, Michael Ehret,
Sydney F. Tyler, P. A.B. WHUuer. Samuel T. Bodine, Arthur Kirsou,
to have their m ortga ge fo re clo s e d .— V , 67, p. 1306.
F. W. Hammett, J. 31. Devlin. W. F. Brown and George W. Elkins.
Vapor Lam ps Using Oil Under Pressure. —Infringem ents.—The Kitt­
T r u n k L in e s —I n te r -S ta t e C om m e rce C o m m is s io n .— Suc­
son Hvdro-Carbon
Incandescent
it is under­
cessful Results o f Co operation as to Rates .— A m eetin g was stood la one of theHeating and controlled by Lighting Co. Lighting A,
companies
the United
h e ld at W a sh in g to n on Jan. 12 at th e instance o f the Inter- Heating Co. The Kltson Company gives notice as follows:
All Incandescent lamps using oil under pressure with a vapor tube
S tate C om m erce C om m ission, at w h ich all o f th e lea din g
are Intrlngements of the U. 5. patent No (117,687, granted to Arthur
tr a n k lin e presidents g a ve assurance o f a destre to re
Kltson Jan. 10, 1899, and the undersigned proposes to take action
store rates t o a n orm al con d ition . (See C h r o n ic l e Jan. against all Infringers. The company also owns ten additional patents.
14, p, 53 ) A fa r th e r con feren ce w ith the C om m ission w as Lamps manufactured under the above patents barn kerosene oil,
h eld on T h u rsd a y o f th is w eek, a b ou t tw e n ty officials bein g thereby avoiding the dangers resulting from the use of naphtha or
presen t, w hen it appeared that th e co-op era tion had been gasoline.—V. 68, p 131,
fr u it fu l o f b eneficial resn lr-. and that in the m ain a g en er­
U n ite d S h oe M a ch in e ry C o .— G o u d y e a r Sitae M a c h in e r y
a lly fa tis fa cto ry u n dersta n d in g h ad been m ain tain ed. H o Co.— S h oe M a ch in e ry C o n s o lid a tio n - Arrang meats Pend
roa d , it w as stated, had broken th e in fo rm a l a greem en t fo r ing ,— A rrangem ents are bein g perfected fo r th e co u so lid a
tion o f th e lea din g shoe m s ch in e ry com p a n ies o f B oston and
u n ifo rm tariffs.
T h e C om m ission, a fter th e con feren ce, issued th e fo llo w in g : vicin ity under the title o f th e U a ited Shoe M sch tn erv C o.
The object of the meeting, among other thing", was to ascertain the T h e n ew com p a n y is orga n ized u n d er the la w s o f N ew J ersey
rate conditions which now prevail in the trunkline territory, and the
dlffloolttea which bare arisen or which may arise in the future to w ith a capita l o f $25,000,000 in $25 eh ires, o f w h ich on e h a lf
interfere wtth the maintenance of rate*. The primary purpn«e of the are 6 p-:r cen t preferred . S id ney W . W ia s lo w o f B oston is
CommtM Ion In holding three conference* l« to promote the observ­ President and G eorg e W B row n o f B oston T reasu rer a u l
ance of the law by the maintenance of tariffs and thereby to pre­ G eneral M anager. A n official statem en t fo llo w s :
S ta te n Is la n d R a p id T r a n s it R R .— Quarterl /.— E a rn in gs
fo r th e q u a rter and the six m on th s en din g D ec. 31 w ere

vent the dlocrlminatlnn* which re*ult from necret rote-euttlng and
ahntlar practice*. It waa the unanlmou* etateraent of the gentlemen
ireaenttbat the Jaw wa« better observed at the present time than had
ie«n known before In many year*. The »nbject*of relative rate* on
export grain and Hour, minimum car load weight* and Horace and
terminal charge* were among those considered.—V. 61, p, 513; V. 67,
p. 529.

f

U nion Basr & P a p e r Co.— Pap* ~ Bag Consolidation. — On
d e r t b is . or som e eq n a ilv a p orop ria te title, W iili-u n C. S h el­
d o n , o f N e>n York* and W . jEL J H . M oore, o f C n ica^ o, are
a rra n gin g a co n so lid a tio n w h ich w ill in ck id e, tt is said, ov er
90 per cen t o f th e pa p er b a g bnma^sa o f th e co u n try . T h e
ca p ita l o f the new co m p a n y w ill be $27,000,000, o f w h ich
$11,000,000 w ill be 7 per cen t c n m o la tiv e preferred . It is
proposed to provide a w o rk in g capital o f $2,500,000*
T h e u n d e rw ritin g. It is said, haa been com p leted . S u b scrip­
tions are payable to th e M anhattan T re a t Co. o f N ew Y ork
fifteen da ys after n otice. T h ey are qu oted at a prem iu m .
Prospectus.— T he prospectus’ says in p ir t :

The United Shoe Machinery Co. has arranged to acquire the control
of the property or .lock of the Consolidated * McKay Lasting M V
o h ln sry C '. MoKay Machinery Co.. Goodyear Shoo Machinery,Oo„
1 ntcrnatlonal Goodyear Shoe Machinery Co., GoodyearShnn Machinery
Co. of Canada. Eppler W.dt M sehlnery Co., Intern ttlonal Gppter Welt
Machinery Co. ami tbs Davey Pegging Machine Oo.
1he new company, after paying for all the properties, wilt have
In the treasury more than *500.00 I cash and more than 150.000 shares
of th* preferred stnok and 150,000 share* of the common stock.
Directors: William Barbour New York: tools D Brandies, Boston:
George W Brown. Boston; .1 II. Clarke. Worcester. Charles U. Cole,
Boston; William If Oootldg/-. Boston; William 8. Eaton, Boston; John
H. Honan. New Y/irk: Elmer P. Howe, Boston; Elward P. Hurd. Bos­
ton; Georg* E K > th. Brockton; Frederick G. King, Boston; O. E.
Lewis, Boston; Edwin II. M chewsou. Bridgeport. Conn.; Rudolph
M »U, Chl -ago; Gordon MuKay, Newport, ft. I.; WsuKoeF. it ditnson
Boston; James J Storrow, Boston; Alfred It. Turner. Jr., Paterson, N.
J.; Samuel WelLNew York; Sidney W. Winslow, Boston.

The companies proposed to be taken into tfal* organization now con­
trol 75 "e r cent of the trade of the country, their output durian: the
year endlmr Dec-1,1*99 (oartljr estlmat d), having been: Uni^n Bur
& Paper Co.. 2,000,000,000 bag*: Samuel Cnpplre, 500.000,000, Geo.
West, 700,000,000; Western Paper Ba* Co., 500,000.000; connoll
dated 9. O. 8. Kaic 0 •„ 6 0 00 *»0 0; total, 4,300,«>00,000
The present yearly prout. based on Actual oarnlmf* of the Union
B
t»s< < P»p*r Co, and Howland <p Oo . Ih 91,226, 00; s&vlncr* esti­
fc
S
mated by consolidation, fJ36,OOC; total protit on to day's boslneas. If
combined, 9l.5©2,0«»0.
Trie anauul increase of bags used In this country alone Is esti­
mated at 10 per cent, and the Union Company has also a lame for­
eign business, rapidly icrowln*. The company should also make a
Jar#e sum through marketing lu Immense surplus water power.
<1) Howland A Ob.: Five paper mills, one pulp mill, 450
acres land at Sandy Hill, X. Y . all the flow of the river there except
250 Inches; upper dam, 12-foe t fall, made; low**r dam, 50 feet fall,
natural; rapids between. I (Meet fall; S l fwet fall In all, of the whole
Hudson Elver (extent 250 Inches;; 5,000 acres tlm ^ r land In the
Adirondack*, floatable to fhcSr mill. A 20*year supply. (2) George
.
West Paper A Bae Co,; Seven paper mills at Bali*ton Hpa, ooe paper
mill at Hadley Falls. p*per ba< factory, land, bmldlne*. etc-; at Had­
ley Fails, all the Hudson Elver, with fall of 12 feet. Estimated horse­
power. 5,i (J to 8 0 0 H. f*. (3) Union Bag A Paper f'o.; One paper
O
mill and 5 acres land In Boston, Mass., one bag factory In Boston.
Mass., one bag factory In S.uuly HUl. X Y.* In rented b sildmsr <4>
Samuel Cupples: One bag factory in St. Lous*. In rented building.
<51 Western Paper Bag C*c: One nag factory In Batavia. 111.; land and
building, one paper mill. K*u«&tiii:i. WIs (6) Consolidated S. O. 9.:
One bag factory, land and building. In Plattsville. Onnn,: one bag
factory In Brooklyn, X. Y,* in leased but ding. (7) William Marshall
Paper Co : One paper to 1 1 in Brooklyn and valuable land and build­
1
ings; 2o<» to 3W1 patenr«, worth more than all the brick and mortar
when combined wltn the business established and the good will*

U n ion T o b a c c o C o.— Circular fr o m Liggett fit Mgers. —
L ig g ett & M yers, co n tro l o f w h ose p rop erty was re p o rte d
last w e -k as in p rocess o f a cq u is itio n in th e in terest o f the
U nion T o b a c c o C o., have issued a c ir c u la r co n d e m n in g
“ tr u s ts " and s a y in g : “ W e shall c o n tin a e to ru n an in d e­
pen den t fa c to r y , a nd yon ca n re ly u pon it that n eith er ‘ S tar’
to b a c c o n qr any oth er o f o a r b ra n d s is m ad e b y a ‘ trust,
rep orts in the n ew spapers and fr o m o ta e r sou rces to the
con tra ry n o w ithstand in g ." T h is im plied co n tra d ictio n to last
w eek’s rep ort is th ou g h t to b e exp la in a b le on the grou n d th at
th - n ew U n i >n C om p a n y is n ot a co m b in a tio n o f m a n y c o m ­
panies, a* is the A m erica n T o b a c c o C o ., and fa r th e r that, the
present P resid en t and G eneral M anager o f L ig g e tt Sc M yers
w ill, nnder the co n tra ct o f purchase, con tin u e fo r five years
to m anage the p r o p e rty -— V . 68, p. 284.
U n ited S ta tes V a rn is h Co. C o n s o lid a t io n .— Being Or­
ganized —T h is com p a n y is b ein g org a n ized u n der th e la w i o f
H ew J ersey, w ith a ca p ita l o f $18,000,000 p referred s to ck and
$18,000,000 com m on s to ck , to con solid a te th e lea d in g varn ish
m a n u fa ctu rin g interests. Charles R. F lin t has th e m atter
in hand, and it is u n derstood th a t A u g u s t B elm on t & Co. are
a ctin g as bankers.
W e r n e r Co.— Reorganized.— T h e reorga n iza tion o f the
W ern er C o., o f A k ro n , O ., o w n in g , it is said, th e largest p rin t­
in g and lith ogra p h ic pla n t in th e w o rld , has been effected.
T h e property o f the Illin ois co rp o ra tio n was s jl d a n d tra n s­
ferred to a N ew Jersey co rp o ra tio n w ith a ca p ita l s to ck o f
$3,50),000, o f w h ich $1 000.00 1is 8 par ce n t preferred . T h ere
w ill also, it is said, be a b on d issue o f $1,060,000.

T h e con solid a ted co m p a n y w ill m a n u fa ctu re an im ­
p r o v e d fo r m o f bag, w h ich can b e open ed w ith o u t in sertion
o f the hand as w e ll as oth er kinds.
U n ion D e p o t R R . o f St. L o n is — L in d e ll R y .— PurchaseA.—
B ro w n B rothers S C o , w h o several w eeks a go pu rch ased th e
c.
L in d ell R y ., have pu rch ased the U n ion D epot R R . system ,
a b o u t 80 utiles o f tra ck , k n ow n as th e S cn llin lines. T h e
rep orted p rice paid, v iz ., $5,200,000, or $130 per share, w e
are in form ed , is far fro m co r r e c t.
T h e Sou th ern E le c tr ic
system , m ore o v e r, has n ot been a cq u ired , and it is stated
th e re is n o in ten tion to purchase it.
T ne com panies al
ready a cq u ired em b ra ce th e p rin cip a l lines o f the c it y . T h e
tw o system s co n tro lle d w ill be con solid a ted , b u t the fa c ts as
t o the securities, e tc ., o f the con solid a ted com p a n y are n ot
re a d y fo r p u b lica tio n . T h e rep ort pu blished som e tim e a g o
b y a St. L o u is paper to th e e ffe ct that th e E lk in s-W id en er
syn d ica te is prom otin g th e deal is p ron ou n ced en tirely
w ith o u t fo u n d a tio n .— V , 54, p. 7 i3 ; V . 67, p. 1207.
U n ite d R a ilw a y s & E le c t r ic Co. o f B a lt im o r e .— Oser-suhscrib ed .—su b scrip tio n s to the u n d erw ritin g o f this com p a n y 's

W illia m s p o r t P a .) d a s C o.— Binds Offered.— W ils o n &
Siephen s o ff-r e d fo r sale in o n r a d v ertisin g colu m n s last
week, at 1024; and in terest, $350,000 first m o rtg a g e 5 per
cen t gold bonds o f this com p a n y 's tota l issue o f $100,000.
T he bon d s are $1,000ea ch , dated F eb. 1.1899, d u e Feb. 1,1939,
m ay be registered as to prin cip a l, and are e x em p t from ta x in
Pennsyiania. A p p lica tion w ill be m ade to lis t th e bon d s
on the P h iladelp h ia S tock E xch a n g e,— V . 63 p. 189.
C h ica g o D ock Co. -Bonds Called— Ref finding,—-The c o m ­
pany has ca lled and w ill pay on A p ril 1, th ro u g h th e N o r t h ­
ern T ru st C o. o f C h ica g o, th e entire issue o f $630,000 first
m ortg a g e 5s. A . O. Slau gh ter & Co. have u n d e r w r itte n an
issue o f $700,000 n ew first m ortga ge th irty-yea r 4 per
cen t g o ld bonds, s u b je ct to ca ll a t 105 a fter five years. T h e
n ew loan w ill provide fo r im p ortan t im p rov em en ts and e x ­
tensions as w ell as fo r refu n d in g. T h e N orth ern T ru st C o.
w ill be m ortg a g e trustee.

The director* are: F. B. Sohenek, N-w York; Robert Stuart. Ohioago;
J. J. Sullivan I Vice-President!, Cleveland; J J. Connly, Providence,
B, I.,- G. E. Clifford. Pltohonrg. M***.; G. W. Crouse, Akron; P. E.
Werner, Akron, President and General JIanager.

T H E

334

d e p a r t s

a n d

INTERNATIONAL

S a c u m
SILVER

[V ol . L x y m

C H R O N I C L E .

e u t s .

COMPANY.

A P P L IC A T IO N TO N E W Y O R K S T O C K E X C H A N G E TO
Q U O T E CO M M O N S T O C K O N U N L IS T E D
DEPARTM ENT.
N e w Y o r k , F e b r u a r y 1, 1899.

In te rn a tio n a l S ilv er C om p a n y , in co rp o ra te d u n d er th e
la w s o f th e State o f N ew Jersey. F u ll paid a n d non-assessa b le.
A u th o rize d c a p it a l: P re fe rre d 7 per c e n t cu m u la tiv e , par
value §100 ea ch , §9,000,000; co m m o n , par valu e $100 ea ch ,
§11,000,000.
P referred S to ck has p r e fe re n ce in resp ect t o d iv id en d s
a nd assets, b u t re ce iv e s n o d iv id e n d s b e y o n d 7 per c e n t a nd
n o share in assets b e y o n d par valu e.
C om m on S to ck , a m o u n t ou ts ta n d in g 98,960 shares (p a r
va lu e §9,896,01 0).
R egistra r, C on tin en ta l T rust C om p a n y , N. Y .
T ra n sfe r A g e n ts : T h om as & P ost, 71 B roa d w a y , N. Y .
C h arter, A r t ic le 4, reads in part: “ The C om m on S t o c k
shall have no v o tin g pow er u n til th e first d a y o f J a n u a ry ,
1902. On and a fte r said date h olders o f C o m m o n S t o c k
shall o n ly be e n title d to on e v o te fo r e a ch tw o shares o f
su ch s to c k .”
C harter, A rticle 6, reads: “ The co rp o ra tio n m a y , b y a c tio n
o f its B oard o f D irectors, w ith o u t assent or oth e r a c tio n o f
th e stock h old ers, purchase, a cq u ire , h old , lease, m o r tg a g e ,
p le d g e , sell a n d c o n v e y su ch p r op erty , real, person a l a n d
m ixed, o u t o f as w ell as w ith in said S ta te o f N e w J ersey ,
as the B oard o f D ire cto rs m a y fr o m tim e t o tim e d ete rm in e ,
and in p a ym en t fo r su ch p rop erty m a y issue or cau se to be
issued s to ck o f th e co rp ora tion or b on d s th e re o f secu red b y
p led ge o r m o rtg a g e , o r u n s e cu re d .”
O fficers: Sam uel D od d , P resid en t; G eorg e H. W il c o x , 1st
V ice -P re s id e n t; G eorge C. E d w a rd s, 2d V ice -P re s id e n t;
Charles A . H am ilton . 31 V ice -P re s id e n t; S a m u el T h om as,
T reasu rer; G eorge M. C u rtis. A ssista n t T reasu rer; O. F .
T h om as, A u d ito r; S im pson, T h a clier & B arnes, C ou nsel;
G eorge R o ck w e ll, S ecreta ry.
D irectors: Sam uel Dodd,~S. L . B a rb ou r. G eorge M. C urtis,
G eorge C. E dw ard s, C. A . H a m ilto n , Id. J. L ew is, G . D.
M unson, E d w in M P ost, G eorge R o c k w e ll, E. R. T h om a s,
O rlan do F. T h om as, C la ren ce E. B reck en rid g e, W illia m H.
W a tro u s , F re d e rick W ilc o x , G e o rg e H . W ilc o x , C. H . T ib bits.
LOCATION OF PLANTS.

M eriden B rita n n ia C om p a n y , M erid en, C onn.
R ogers & B ros., W a te rb u ry , C onn.
T he B a rb ou r S ilv er C om pa u y , H a r tfo rd , C on n .
T h e W illia m R o g e rs M fg. C o., H a r tfo rd , C onn.
M a n h a tta n S ilv er P la te C om p a n y , L y on s, N . Y .
T h e W a tro u s M fg. C o., W a llin g fo r d . C on n.
The R ogers C u tlery C o., H a r tfo rd , C on n .
Sim pson, H all, M iller & C o., W a llin g fo r d , C onn.
T h e D e rb y S ilv e r C om pa n y , D e rb y , C onn.
M eriden S ilver P la te C om p a n y , M eriden. C onn.
M an nin g, B ow m a n & C om pa n y , M eriden, C onn.
W ilc o x S ilv e r P la te C om p a n y , M erid en, C on n .
R o gers & H a m ilto n S ilv er P la te C o., W a te rb u ry , C on n.
T h e N o rw ich C u tlery C om p a n y , N o rw ich , C onn.
Sta n da rd S ilv er P la te C om p a n y , T oron to, Canada.
T he H olm es & E lw a r d s S ilv er C o., B rid g ep ort. C onn.
The S im pson N ick e l S ilver C o . W a llin g fo rd , C onn.
B on d ed In d eb ted n ess: In tern a tion a l S ilv er C om p a n y Six
P e r Cent F irst M ortga ge Bonds, §1,500 000, o f w h ic h §3,900,000 have been issued o r th eir issue a u th orized ; th e r e m a in ­
d e r ca n be used o n ly in th e pu rch a se o f a d d itio n a l p r o p e r ty
t o co m e u n d e r th e m ortg a g e.

ghx

(& 0 M M je r a a I

COMMERCIAL
F

r id a y

g im e s .

*

EPITOME.
N i g h t , F e b ru a ry 17, 1899.

T h e u n u su a lly severe w ea th er e x p erien ced in th e M id dleW est, E astern and S ou th ern section s o f th e c o u n tr y and th e
subsequen t s n o w b lock a des have m a teria lly in te rfe re d w ith
business a ctiv ity th e past w eek : in fa c t u p to the close sh ip ­
p in g h ad n ot been restored t o its n orm a l co n d itio n and the
m ail service was still som ew h a t slow . A d v ic e s r e c e iv e d
fr o m th e w in ter-w h ea t b elt as a ru le d o n o t sustain th e
cla im s o f seriou s d a m a ge t o th e n e w c r o p b y th e severe
w eath er, b u t at th e S ou th it was rep orted th a t d a m a g e h ad
resulted to the ora n ge c r o p as w ell as to veg eta b les and sm a ll
fru its ; preparation s fo r th e c o tto n cro p W ere also fu rth e r
delayed. A d v ice s receiv ed fr o m W a s h in g to n in d ica te th at
an ex tra session o f C on gress is lik ely . T h e sudden death
T h ursd ay n ig h t o f P resident F a u re o f th e F ren ch R e p u b lic
has re ce iv e d con sid era b le atten tion .
L a rd on th e sp ot has h ad o n ly a lim ite d sale, th e p o o r s h ip ­
p in g fa cilitie s in te rfe rin g w ith b u sin ess; p rices h a v e w e a k ­
en ed s lig h tly u n d er fa ir ly fre e offerin gs, clo s in g a t 5'65c. f o r
p rim e W estern and 5 -20c. f o r p rim e C ity.
R efined la rd has
h a d a fair sale b u t at lo w e r p rices, c lo s in g at 5'8 5 c. fo r r e ­
fined f o r th e C on tin en t. S p ecu la tion in la rd fo r fu tu re de­
liv e r y has been q u iet and p rices h av e d e clin e d u nder la rg e
receip ts o f sw ine. A t th e lo w e r p rices pa ck ers h av e su p ­
p orted th e m a rk et t o som e e xten t. T h e close w a s easier.
D AILY CLOSING PRICES OF LARD FUTURES.

February......................

Sat.
5’75

Mon.
H'y

Tues.
5’75

Wed.
5-75

T/iurs.
570

F ri•
5-65

P ork has been q u iet b u t steady, clo s in g a t S9 7a@10 50 fo r
m ess, $10 5 0 @ ll fo r fam ily a n d §10 5 i@12 50 f o r sh ort clea r.
Cut m eats have been q u iet and u n ch a n g ed . T h e d ela y in
tra n sp orta tion has in terru p ted b usin ess to a con sid era b le
extent. T h e close w as stead y at 4c. fo r p ick le d sh ou ld ers,
7@7J^c. f o r p ick le d ham s and 5@5>Tc. fo r p ic k le d b ellies,
14@10 lbs. average.
B eef has h a d a lim ite d sale, b u t at
slig h tly lo w e r prices fo r extra In d ia m ess; clo s in g at §8 50(9
9 0o fo r m ess; $ 9® 10 fo r p a ck et, §10 59@11 fo r fa m ily a n d
§14@15 f o r extra In d ia m ess. T a llo w has been q u iet b u t
stead y at 4J^o. O leo stearine has h ad a fa ir sale, c lo s in g
stead y at 5%c. L a r d stearin e h as been easier, clo s in g at
6J^t@6%e.
C otton seed o il has w eakened s lig h tly , b u t
th e clo s e w a s firm at 26c. fo r p rim e y e llo w . B u tter
has been in dem and and
h ig h er, closin g at 14@25c.
fo r crea m ery. Cheese has h ad a la ir sale at stea d y p rices,
c lo s in g at 7 @ l l 1 c . f o r State fa c t o r y , fu ll crea m . F resh eggs
4
have a d va n ced , but th e close w as lo w e r at 24c. f o r c h o ic e
W estern.
B ra zil grad es o f coffe e h a v e con tin u ed to m eet w ith a s lo w
sale. T h e ton e o f th e m a rk et, h ow ev er, has held steady, f o r
despite th e la rg e supplies in sig h t there has been n o pressu re
to sell, clo s in g at 6J^c. f o r R io No. 7 on the spot. W e s t In ­
dia g ro w th s have been q u iet b ut p rices have been u n ch a n g e d ,
clo s in g at 8c. fo r fa ir C u cu ta . E ast In dia g r o w th s h a v e
been d u ll b u t stead y at 25c. fo r stan dard J a va . S p ecu la tio n
in the m arket fo r co n tra cts has been q u iet, and in th e a b sen ce
o f n ew d ev elop m en ts o f an im p orta n t n ature, ch a n ges in
prices h av e been sligh t.
T h e fo llo w in g are final a s k in g p rices:
Feb ................... 5-45o. I M a y .. 5-65o. i Sept.................................... 5-90o.
Mar .................. 5-50o. July... 5-80o. j Oot..................................... 5-950.
April... 5'60o. I A u g..............................
5‘85o. I Dec......... - ......... 6 1 0 » .

R a w sugars h av e been q u iet and u n ch a n g e d , clo s in g stea d y
at 4 5 16c. for
ce n trifu g a l, 96-deg. test, and 3 18-16c.fo r m u s­
co v a d o 89-deg. test. R efin ed su g ar h as been in s lo w d em a n d ;
prices have been u n ch a n ged , clo s in g at 5c. f o r gra n u la ted.
O th er staple g ro ce rie s h av e been q u ie t, b ut valu es have h eld
stead y t o firm .
K e n tu ck y to b a c c o has been in m od era te dem and fo r e x p o rt
and at fu ll valu es seed lea f has been q u iet b u t steady. Sales
fo r th e w eek w ere 1,050 cases, as fo llo w s : 100 cases 1897 cro p ,
§9,896,000 C om m on S to ck a d m itte d to q u o ta tio n in th e
State H avana, 1 2 @ 1 6 c.; 250 cases 1897 crop , W is co n s in H a ­
U n liste d D ep a rtm en t on F eb ru a ry 2, 1899.
vana, 9 % @ 1 2 c.; 100 cases 1896 cro p , W is co n s in H a v a n a ,
G e o r g e W . E l y , Secretary.
H . K . P o m r o y , Chairman.
l l j £ c . ; 150 cases 1897 cro p , P en n sylva n ia s e e l lea f, 11?^c .;
20u cases 1895-96 crop s, P en n sy lv a n ia seed lea f, 1 2 ^ @ l3 c .;
100 cases 1897 crop , Z im m ers, 17c.; 50 cases 1897 crop , D u tch ,
— T he rep ort o f co n d ition o f th e Chase N a tion a l B ank on 1 5 % c., and 100 cases 1898 crop , N e w E n gla n d H ava n a seed,
F eb ru a ry 4 w ill be fou n d in ou r advertisin g colu m n s.
spotted, fo r c e d sw eat, 2 9 @ 4 3 c.; also 509 bales H avana, at 55@
90c., in b on d , and 150 bales Su m a tra , at fr o m 80c. to §1 70 in
— T h e dam age b y fire to 70 B roa dw a y h a v in g been repaired
Messrs P rice, M cC o rm ick & Co. reopened th eir offices at th at b on d .
address on Saturday last.
E a rly in th e w eek th ere was a steadier ton e to the m a rk e t
f o r Straits tin. S u bsequ ently, h o w e v e r, reflectin g w ea k er
— R in e s & C u m m ings o f B oston offer §310.000 F a ll R iv e r fo re ig n a dvices, p rices eased o ff s lig h tly , clo s in g at 231<j@
4s “ lega l fo r N e w Y o rk and M assachusetts S avin gs Banks.” 23% c. In g o t cop p er has been q u iet b u t p rice s h ave been
See their advertisem en t on page 345.
firm ly m ain tain ed at 17% @ 18c. fo r L ake. L ea d has had on ly a
-§ 2 5 0 ,0 0 0 first m o rtg a g e six per cen t g o ld bonds o f the lim ited sale, b u t p rices h av e a d va n ced slig h tly , clo s in g at
L o n g Island B rew ery, B rook ly n , are offered b y th e H am ilton 4J^c. fo r dom estic. S p elter has a d v a n ced to G ^ c. fo r d om e s­
T rust C om pany and Slauson & R o w e , attorneys fo r the tic , closin g firm . P ig iro n has been firm and prices have a d ­
v a n ce d to $12@13 fo r dom estic.
com pa n y, B ro o k ly n . See th e advertisem en t on page vii.
R efined p etroleu m has been u n ch a n ged , clo s in g at 7-40c. in
— “ T he E le ctric R a ilro a d L is t” is a con ven ien t p ock et m an- b b ls., 4 ‘ 90c. in b u lk and 8'15c. in cases. N a p h th a steady at
ual o f 2o0 pages, pu blished q u a rterly b y th e R a ilroa d G azette 10c. C rude certifica tes h av e been n e g le c te d ; cre d it b a la n ces
o f this city. I t is design ed to furn ish a list o f the com panies have been steady at §1 15. Sp irits tu rp en tin e has been in
operating the e lectric, ca b le, and h orse railroads th rou gh ou t m od erate dem and and firm er, clo s in g at 46@46J£c. R osin s
the w o rld , tog eth er w ith th e nam es and the addresses o f the h a v e been d u ll and u n ch a n ged at $1 3 2 i^ @ l 35 fo r co m m o n
m ore im portan t officers, a nd the a m ou n t o f m ileage and and g o o d stra in ed. W o o l has been q u iet b u t steady. H op s
equipm en t o f the roads. T h e su b scrip tion p rice is §2.00 a year. have h ad a fa ir sale at fu ll valu es.

T H E

F ebruary 18, 1899 J
C

O

T

T

O

N

C H R O N IC L E ,

.

Friday Night , Febraary 17, 1899.
The Mo7 ement op the Crop , as indicated by our telegram*
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 72,150 bales,
against 138,179 bales last week and 176,413 bales the previous
week, making the total receipts since the 1st of Sept., 1898,
7,052,731 bales, against 7,196,983 bales for the same period of
1897-8, showing a decrease since Sept. 1,1898, o f 111,233 bales,
Receipt* at—

Bat 1 Won, | Tues.
3,934 6,270
...... | ____j
5,325 4,579
4891
365

Galveston........
Tex. City, &o.
New Orleans...
M obile.............

Wed.

3,311
......
3.548
931

1,891
1,039
23

Fri> I Total.

Tkurt.
3,182
........
1,907
53

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

Savannah.......
Bruoaw*k,«fce.
Charleaton......

1,421
......
1,070

1,191;
.....
539,

2,278

182
......

31

392

1,790
.....
51

3,513; 22,161
903
933
4,596, 20,993
478
2,338
849
8l9
1.064: 7,926
2,103
2,101
70
2,1^6
21
21
98
332
8
3i
1,8 .7 j 4,673
491
491
1,718
4,3 V
>
432
769
789
357
75j

335

In addition to above exports, our telegrams to-night also
give ns the following amounts of ootton on shipboard, not
cleared, at the ports named. W e add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert & Barrows, Produce Exohange Building,
os
F eb. 1 7 o f

s h ip b o a r d , n o t c l e a r e d

Great
Other
B r ita in . t r a n c e . F o reig n

N ew O rleans . . .
G a lv e s t o n .........
S ava n n a h .........
C h a r le s t o n ........
M o b ile ................
N o r fo lk ,....-...
N ew Y o r k .........
O th er p o r t s . . . .
T o ta l 1 8 9 9 ...
T o ta l 1 89 8 . .j
T o ta l 1 8 9 7 ...,

5,834

SCO

16,613

8 ,1 8 1
N on e.
N on e.
N on e,
N one.

N on e.
2 .0 0 0

3,010
2 .0 0 0

for-

Total.

3 8,3 49
2 1 .8 8 4

630
1 8 ,3 0 4
N one.
N one.

4 5 ,3 1 3
6 5 ,0 1 7
4 .0 0 0
2 ,5 0 0
2 3 .0 0 0
6 ,3 0 0

4.000
500
5.000

None.

300

3,000

1 .0 0 0

2 0 ,0 0 0

1 2 .0 0 0

N one.

1 0 ,0 0 0

N one.
N one,

3 9 ,1 4 8

14.3 15

8 5 .3 0 9
5 6.8 53

31.872 123,780 15.656
23.190 61,120 6,925

3,000

L e a v in g
•took.

Ooastwise.

8 3 ,7 3 3 38.934

2 2 .0 0 0

3 5 3 ,58 1
7 8 ,5 2 8
5 5 ,2 1 2
17,4 88
2 1 ,6 7 2
1 2 ,1 6 7
9 4 ,9 9 4
7 6 ,9 8 5

176,130

7 1 0 ,5 1 7

8 .0 0 0

256,617 1 ,0 3 0 .0 5 8
151,088
8 2 9 ,2 7 4

Speculation in cotton for future delivery has been fa irly
active, and there has been a further advance in prices. Btiyiag by ths South has been the feature of the tracing C li­
...... ......
Wafth’ toa.&c.
matic conditions have been of a decidedly unfavorable na­
218
65
N orfolk...........
654, 1,320!
559
ture The unusually severe weather experienced early in the
.....J . . . . . . . . . . . .
N’ p't News. Ac. ......
week in the cotton belt has convinced the majority of the trade
New Y ork.......
........ 1,378 . . . . . . . . . . . .
that no further supplies of importance will be forthcoming for
1.355,
961 1,196 ........
508
the remainder of the season from plantations. The crop
Baltim ore.......
movement has be n unusually small, oemg held in check by
182
100 ........; ......
Phlladel'a, Ac..
........
the blocked condition of the roads; still no material in
3.745 7.70-5 17.317, 72,159 crease is expeeted in the receipts with the return of
T o t. t i l e w eek 14.934 13,1571 13,232
more settled weather. Preparations for the planting of the
The following allows the weeks total receipts,the total since new crop have continued backward. Advices from South­
Sept, l , 1898, and the stook to-night, compared with last year. ern spot markets have been firm and note a fairly good de­
mand for cotton. Encouraging reports have continued to be
189 8 -9 9.
] ____1897-9S
|
B lock.
R eceip ts to
received relative to existing conditions in the cotton goods
This
S ince Sep
TAG 1S in ce Sep.
Feb. 171899
1 1698
trade, and they, too, have had their influence ia favor
w eek.
1, 1828.
week.
1 . 1897.
-f the market for raw cotton. To-day the tone was easier.
Earlier in the day weaker foreign advices and appr-hension
G a lv e s t o n ... 22.161 2,0 7 3 ,4 1 9 30,048] 1 .7 0 5 ,0 7 4
1 43 ,54 5
1 9 0 ,63 6
of political disturbances arising in France owing to the
7 >,07 i j
—
Tex.C.,<fco.
903
6 7 .9 7 1
6 ,1 1 7
N ew O rleans 20.9 93 1 ,7 2 6 .‘> 2 '! 8 9 .7 4 3 2 .t 8 3 .5 8 7
3 9 9 .8 3 4
5 5 3 ,6 2 7 death of President Faure prompted selling by longs. Subse­
2 9 .6 7 2
H o b l l e .........
2 2 3 108
5,283
2,338
41,9 82 quently, however, part of the loss was recovered en local
308.5711
tmying stimulated by the small movement o f the crop. The
16 >,9 46;
6 .2 3 4
849
9 5 ,2 5 3
F lo rid a _____
S a v a n n a h ...
7 ,9 2 6 9 6 2 ,4 2 3 2 1 ,1 7 7 1 ,0 2 3 ,9 2 3 1 5 9 ,2 1 2
103 445 d oss showed prices 8@7 points lower for the day. Cotton
BN wink. A c,
2,101 2 5 8 ,6 6 4 8 .3 6 7 2 0 1 ,2 7 3 1 12,537:
3 .5 2 6 on the spot has been firm, and prices advanced l-16o. on
2.1 6 3 4 2 .1 4 7
C h a rleston .
4 ,7 5 7 4 1 5 ,6 8 5
1 0 ,9 9 8
2 5 6S9 Tuesday and on Wednesday. The close was quiet at 0®$c.
for middling uplands.
6 1 ,0 0 9 ;
2 3 ,1 6 9
P. R o y a l.A c.
21
504
The rates on and off middling, as established Nov. 16, 1893,
W ilm in g to n .
3 ,5 6 7; 29 ),O09|
332
2 3 5 ,1 7 s '
10,471
18.0 34
by the Revision Committee, at which grades other than
WftJth'n, £ 0 .
1,287
1.145
27;
8
■w
w.
aiddling may be delivered on contract, are as follows.
5 1 7 ,17 1 !
N o r f o l k ____
4 .6 7 3
8.2951 494,208]
3 5 .1 8 7
0 3 .0 *5
187

J T p ort N .,4to
N ew Y o r k ..
B o s t o n .........
Baltimore .

Phlladel.Ao.
Totals......

21

33;

2 2 ,2 5 8
7 6 .5 9 .
2 5 1 ,9 7 9
26.929]
3 1 ,9 6 5

491
1 ,7 1 8
4 .3 5 2
70i
357

7 29 j
6 ,2 0 4
7 .5 2 3
2,9331
8 ,6 2 8

7 2 ,1 5 0 7 ,0 5 2 .7 8 4 ’ 1 8 5 ,13 3 7 ,1 9 6,98 6 !

B seeip ie a l -

1899.

1898

1897.

G a lv e s 'n , A c
N ew Orleans

WilaTtmi,
Norfolk ...
N, N e w s , Ac
All other!) - ..

23,0 61
2 0 ,9 9 3
2 .3 3 8
7 ,9 2 6
2 ,1 7 7
310
4 ,9 7 3
491
10,1 46

3 6 .1 6 3
6 9 .7 4 3
5 .2 6 3
21.177
5 ,3 2 !
3 .^ 9 i
8 ,2 9 5
72B
34,3 49

20,931
3 3 ,7 5 s
4 ,2 1 3
7, *52
5 ,4 5 3
1,060
4,728
327
6 .5 6 2

T o t . th le w k

7 2,1 ‘a0

185,113

8 4 ,9 3 4

Mobile.......

1,003
190.795
5 0 ,0 1 0
3 4 .9 2 0
10 024

f a i r . ........ ................................o , m a n 1 G o o d O r d in a r y ............... . . o . l i i g off
M iddlin g F a ir ............... ..
"'ll o n G o o d M id d lin g T in g e d .......... E v e n
s trict G o o d M id d lin g ...........
b o n S trict M id d lin g S t a in e d ____ 7 ,„ 0 fl
l o o d M id d lin g ............. ...........
*i on M id d lin g S ta in e d ........ ............ 7 , , o ff
s tr ic t L ow M id d lin g. .......... 3 , „ o f f S tr ic t L ow M id. S t a i n e d ... 1 o ff
jiw M id d lin g.......................... 7 in o f f j L o w M id d lin g S t a in e d ........ l o g o f f
J tr lo t G o o d O r d in a r y ...........
H o ff,

886.6 47l 1,2 8 6,67 5

On this basis the o'Bcial prices for a few of the grades for
the past week—Feb. 11 to Feb. 17—would be as follows.

386j
1 0 1 ,1 8 1
4 0 ,0 0 0 j
2 3 ,2 9 2
1 2 ,3 2 9

n a y o e m a d e w i t h o t h e r year?.
a d d in g p o r t s f o r s ix s e a s o n s .

In o r d e r th a t c o m p a n io n
we g i v e b e l o w t h e t o t a l * a t

Savannah ...
O h as'ton , A c

14,3 68
7 3 .1 9:1
1 49 ,26 9
5 7 ,6 9 0
5 9 ,0 3 6

1896.

189 >.

1 9,5 24
41,1 58
4 ,2 4 4
1 5,7 50
10,6 J%
1 ,970
8,6 »7
1,311
6 ,273
109 3 95

| 1894.

2 0 ,3 2 1
31.813)
3 ,2 1 7
8 .9 6 6
C,309j
1 ,7 5 6
3 ,0 5 4
2.431!
14.120;
9 l,8 0 7 [

8 ,1 4 8
3 0 .3 1 0
1,871
9 .2 8 7
10,451
2.031
5 ,5 1 8
3 ,2 4 3
12 0 0 3
8 2 891

UPLANDS.
H a 1 . y iou T iim W ed T k .
-9
Good Onil nary....................... 57u
5H
i
a
»B
i«
Low Middling....................
63,.
0%
a
63,s
Middling ...................... ........ «>9
fl-ll r,»8
0«t
ms., 7
&
(»noil Middling . . . . . . . ____ _ d'H
7
7T
Middling Fair ....................... 7*s
7>e
7>*
GULF.
Sat. t lo n T o e * W ed T h .
513,,
Good Ordinary......... ............ 5Ut, a
5S»
5 »„
Low Middling._____ ________ 6S„
63»
Ob.
2.
IP,
Middling ....... ...................... 0\
0b
0 ‘*1.
9
Good Middling ....... ............ 7 b
7
7'-« 7 *,
Middling Fair ......................... 7s,
7G,. 7 \
7St
Ton
Sa*. ■H T o e * W ed T b .

STAINED.

Low Middling..........................
Middling ....................... ........
Strict Middling ....................
The exports for the week ending this evening reach a tot» 1 Good MMdUnirTln«r«d ... ...

81nce S ept. 1 7 0 5 2 .7 0 4 7 19 6 .9 8 8 5 8 5 5 ,SI 4 4 38 4 ,5 5 2 8 5 9 4 .2 4 9 5 1 0 9 ,8 7 0

*b
81,*
6*

0b

Hollday.

5H
6 *1 «
0ti,
«s»

5*1,
O'*
8 G,

P ri.
5»,e
6bn
0\
7
71*
F ri
513,0
67i*
0b
7M
7\

F rt.

5M
5V
63,. 03 S
O'Sj, 61333
8 »s
a“»

of 10.231 bales, of which 89.037 were to Great Britain, 9,063
rte imitations for middling upland at New York on
to France and 61.131 to the rest of the Cent merit. Below
Feb, 17 for «ach of the past 32 years have been as follows.
are the exports for the week and sinoe Seot. 1. mwg
1 8 7 5 . ...0 .1 5 1 *
l *■99 . . . . . 6 ^
1 3 9 1 . . . . . 9 1 in
1 8 8 3 ....0 .1 0 * 4
Kx^orts
f*om Q*i*mr,on. .
Tex. C it r , A0.
N«nr irfeao*
Modfle
P*n*A<SOt». .
Samaimh,.
Branr)ri<?%
ChWfAgfOQ
Port Rofal
WllfnlrurVm.
Norfolk.
W*fK>ri
To m
Boston
,
Baltirnofe.
PbiJadei oni»
8*0 WfSlO..

1,
7

—
a.sw

$.o?l
4.790
11.483
lid o s

*9.037
1807.0*

0

S t.
ep

t»M* Jfndin« Fib.
nwe, iprotn
t, was. is Fib. IT. l-W
_
_
R eported to—________;
_
_
Bxv*ried fo - __________
OrtBtl
Ortal
Trane* Cow*4- Total
Tran> ■
i««.
nrit'n.
rumt. Week. Britain
3.178 3,178
HM
Si
HM
18.C85
6X51 * s ,m 71,*>78 811,4*5 29>.384
3.937
. ■
849
t i . u j ; loxas*
a,3C0 a.300
50.7011 31.318
157. 3!
74,121
ai.atoj
....
4,031 113,009; ....i
4.7U«>
t4.**47|
713 4,589 15.70* 198.978j !0,70;
190 13,tS& 393.438
1,000 1.300
98.9 LSI t.CoO
13,0941
18.‘■90 18.890
9,7*7j

418,033 L788/r7o
11,803
30.TH7
4-48.948 1,388.845
» l , « 8 j 154384
84.99*, ne.pg;
491.83S 574,7*5
? 4 ,« l] *3 3 -s»
15W 8
338,11ft
21.310
143.387 380,580
U . 451
51.*30
.. ..
«» 857
147,7191 385,409
3,»;oj aw.;se
*03 wj 188311
..
| 13.«*94
80*894
70.181

l - * 9 8 ..........
1 S 9 7 . ..........
1 S 9 6 ............
1 * 9 5 ............
1 8 9 A - ..........
1 3 9 3 ..........
1 9 9 2 ............

7 7»
5 *9

7 i» ,s
7 3 ,.

1 8 9 0 ..........1 i s ,
1 6 6 9 ............' O l i o
1 8 9 8 . ..........1 0 * s
1 * * 7 .......... 9 » «
1 8 8 6 ............ 9 1 , o
1 8 9 5 ............1 1 1 . ,
1 9 9 4 ............1 0 *

1 3 3 2 ........... l l 8*
1 .3 7 4 ......1 8 ^
1 8 7 3 ............2 1
1 8 8 1 ............1 1 * , ,
1 8 8 0 ..
. . . . 1 3 * , * 8 7 2 ........... 2 3 Hi
1
187
..........1 5 %
1 3 7 9 ..
______________ 1 9 ^ h
1 8 7 0 ............2-4°s
1 8 7 8 ......1 0 1 ,
1 8 6 9 ........... 2 9 b
1 3 7 7 ............1 2 1 * , ,
1 8 7 6 . ..........12T g
1 8 6 8 ............2 2 b

M ARKET AND SALES.

The total sales o f cotton on the spot
week are indicated in the follow ing
convenience o f the reader we also add
at a glance how the market for spots
same days.
Scot M a r k e t
C losed.
S a t u r d a y ..
M o n d a y ..
T uesday...
W ednesday
T h u rsd a y ..

ft.oes 8I.J44 130.22$ tjf H,09l j6*8,7 *7 2,152,123'6,889.951

ST.no, 25.174 81,113 141 2j0 2,VW,m:fl4S,DOI 2 107.147 5,115 7TS

0

6 4
7 1 ,,

T e t a L ....

FUTURES
M arket
C lo sed .

f l t e a l y at 1 , ad. S t e a d y .........
Q 't
i« a d S t e a d y .........
t/u ie t a t i i R a d r . F irm ............
F ir m ........ ............ S t e a d y .........
D u ll.......................

each day during the
statement. For the
columns which show
and futures closed on
________

Sa le s
Kz
p o rt.

of

Sp o t A C o n t r a c t

Oonsu m p.

Oontract.

T otal.

....

....

1,200
400
200

1 ,2 0 0
435
245
200

1,800

2 ,0 8 0

.. IToli
85
245
280

TH E

F u t u r e s .— The highest, lowest and dosin g prices
Futures at New York are shown in the following table.

n©^D®C8B©t2D©P;0®*B®Ht3®

b^ s

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A t t h e I n t e r io r T o w n s the movement—that is the receipt
for the week and since September 1, the shipmente for the
week and the stocks to night, and the same items for the
corresponding period of 1897-98 - i s set out in detail below.

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The V isible Supply op Cotton to-night, as made up by
The above totals show that the interior stocks have
cable and telegraph, is as follows. Continental stocks, as well
as those for Great Britain and the afloat, are this week’s re d ecrea sed during the week 31,579 bales, and are to-night 41,347
turns, and consequently all European figures are brought down bales less tnan at the same period la3t year. The receipts
to Thursday evening. But to make the total the complete at all the towns have been 60,905 bales less than the same
figures for to-night (Feb. 17), we add the item of exports from week last year, and since Sept, l they are 633,599 bales m o r e
the United States, including in it the exports of Friday only, than for the same time in 1897-98.
1899.
1898
1897.
1896.
O v e r l a n d M o v e m en t f o r t h e W e e k a n d S in c e S e p t , 1 .—
Stock at Liverpool....... hales.1,784,000 1,168,000 1,384,000 1,124,000
Stook at London......................
3,000
3,000
9,000
6,000 We give oelo v a statement showing the overland movement
.
Total Great Britain stook. 1,787,000 1,171,000 1,393,000 1,130,000 for the week a id siuie Sept. L as m ids up from telegraphic
The results for the week
Stock at Hamburg...................
21,000
7,000
20,000
26,000 reports received Friday night.
Stook at Bremen...... .............. 404,000
329,000 201,000 270,000 ending Feb. 17 and since Sept. 1 in the last two years are
Stook at Amsterdam...............
3,000
3,000
7,000
9 O O as follows.
O
Stock at Rotterdam........... .
200
300
300
200
Stook at Antwerp....................
11,000
7,000
9,000
17,000
1898-99.
1897-98.
Stock at Havre........................ 343,000
283,000 230,000 309,000
Stock at Marseilles..................
4,000
4,000
5,000
7,000
F e b r u a r y 17
Since
Since
Stock at Barcelona..................
47,000
68,000
64,000
74 000
TTeefc. Sept. 1.
Week. Sept. 1.
Stock at Genoa........................
59,000
41,000
46,000
60’000
Stock at Trieste.......................
12,000
4,000
13,000
17,000
S kipped—
Total Continental stooks . 904,200 746,300 595,300 789,200
Via 8t. L o u is ...... . . .
19,316 737,203 25,197 680,604
Total European stook s....2,691,200 1,917,300 1,988,300 1,919,200
Via Cairo....................
8,835 276,425
3,568 326,697
la cotton aflnat. for Fnvnnn G AAA
O
4r AAA
*
0.4 AAA . AA A
AA
India AflttAn afloat for Europe 93.000
49,000
Via P a rk er................ .
84.000 139.000
1,170
22,603
Amer. cotton afloat for E’rope. 510,000 560,000 366,000 375.000
Via Kook Island.........
1,299
39,650
361
40,189
Egypt. Brazil,&o., aflt.for Efpe
34.000
37,000
Via Louisville.............
39.000
30,000
3,156
5,046 132,52*
90,655
Stock in United States ports.. 886,647 1,286,675 980,362 882,994
93,842
Via Cincinnati...........
4.941 115,413
4,155
Stook in U. 8. interior towns.. 499,421 540,768 401,905 438,487
5,088 115,110*
3,989 127,202
Via other routes, &o.
United States exports to-day..
38,787
23,971
23,236
30,784
Total gross overland............. . 37,221 1,479,232 48,900 1,318,889
Total visible supply..........4,753,055 4.414,714 3,882,803 3 815,465
Of the above, totals of American and other descriptions are as follow s: Deduct shipments— Boston, &c.
Overland to N. Y.,
7,196 387,468 20,248 339,75T
A. m er ic a n —
204
20,447
Between Interior towns............
716
26,(-46
Liverpool stock.............bales. 1,671,000 1,043,000 1,217,000 931.060
26,6821 ,2 0 2
Inland, &c., from South............
1,188
42,765
Continental stocks................... 856,000 713,000 535,000 700.000
American afloat for Europe... 510,000 560,000 366,000 375.000
9,100 457,179 21,654 386,886
Total to be d e d u c t e d ..........
United States stock................. 886,647 1,286.675 980,362 832,994
United States interior stocks. 499,421 540,768 401,905 438,487
Leaving total net overland*.. 28,121 1,022,053 27,246 932,003
United States exports to-day.. _______________,
38,787
23,971
23,236
30,784
* Including movement by rail to Canada.
_ Total American..
„ J ........... .....................4 ,4 6 1 ,8 2 2 5
.......4,»61,855 4,167,414 3,523.503 3^)8,265
OSl
i a n B ra zil,
Eajtt I n d ia n ,. B r a z il.. <tc.—

’

Liverpool stock........................ 113,000 125,000 167,000 193.000
London stock............................
3,000
3,000
9,000
6 ,0 0 0
Continental stocks..................
48.200
33,300
60.300
89,200
India afloat for Europe..........
93,000
49,000
84.000 139.000
Egypt, Brazil, &o., afloat........
34,000
37,000
39.000
30,000
Total East India, &e.......... 291,200 247,300 359,300 457,200
Total American................. 4,461,855 4,167,414 3,523;503 3,358’ 265
vriH M visible sup ply.... 4,753,055 4,414,714 ~3,882,hb3 O I 5 A 6 5
U tal
Middling Upland, Liverpool..
37ifid.
Siis2d.
sv.d
4%d
Middling Upland, New York..
6 »f0.
6 >Jo.
7^n.
77\o
ta
?
6»so.
6>ic.
7 ho.
Egypt ----------------- ----------—
_ — Good Brown, Liverpool
53,,d.
4>ad.
5 t,B
d
64|d
Peruv. Rough Good, Liverpool
6S,d.
6?8d.
66,^d.
67, ,d.
Broach Fine, Liverpool..........
3>sd.
33sd.
3^sd
4M .
Ttnneveliy Good, Liverpool...
35,, d.
3>ad.
329,, <
L
4532d.

The foregoing shows that the week’s net overland movement •
this year has been 28,121 bales, against 27,246 bales for th e
week in 1898, and that for the season to date the aggregate n et
overland exhibits an excess over a year ago of 90,050 bales.
In Sight and Spi7iners*
Takings.

1898-99.
Week.

Since
Sept. 1.

1897-98.
Week.

Since
Sept. 1.

Receipts at ports to Feb. 17....... 72,150 7.052,764 185,133 7,196,986
Net overland to Feb. 17..............
28,121 1,022,053 27,246 932,003
Southern consumption to Feb. 17 26,000 634,000 22,000 551,000
Total m arketed........................ 126,271 8,708,817 234,379 8,679,989
*31,579 395,302 *17,787 495.692

Z 3 T The imports into Continental ports the'past week have mteriorstooks in e x c e s s ............
been 153,000 bales.
Game into sifrhtdnrlng week.
The above figures indicate an in cr ea s e in the cotton in
Total In sight Feb. 17.............
sight to-night of 838,341 bates as compared with the same
date of 1808, a gain of 870,352 bales over the corresponding Nortb’nspinners tak’ gs to Feb. 17
date of 1897 and an excess of 937,590 bales over 1896.
* Decrease during week.

94,692

9,104,119

26,149 1,632.886

216,592
9,175,681
53,967 1.658.189

T H E

F ebruary 18, 1898, J

C H R O N IC L E .

337

during the week, the rainfall being twelve hundredths of an
inch. The thermometer has averaged 22, the highest being
50 and the lowest 13 below zero.
H e le n a , A r k a n s a s .—The ground is frozen deep and no work
CLOSING QUOTATIONS FOB SADDLING OOTTON O
N
is going on. The river is full of floating ice. On Monday
Week ending
the range of temperature was from 7 below to 5 above zero.
Feb. 17.
Fri,
W ed n cs. 1 T h u n .
T u es.
M on .
Satur.
There has been snow, sleet or rain on nearly every day o f the
6 3a
6H
6%
6=8
Galveston,..! 6 t ,s
week. Precipitation nine hundredths of an inch. The ther­
6
6
6
New Orleans
5 itts
mometer has averaged 20, ranging from 7 below to 44 above.
5 78
5 73
M obile........
51 = 18
5%
M e m p h is , T en n essee .—Severe wintry weather the past week.
5 1= 18
5 15ie
Savannah...
51=18
5=8
5 \
5 78
K “
5 78
Charleston..
5%
River navigation suspended part of the week and marketing
6
5 7a
5 7s
5=8
Wilmington.
5 7a
hindered. We have had rain, snow and sleet on three days
6%
6M
S3
6=8
6hs
Norfolk___
6%
during the week, the precipitation reaching seventeen
6=8
6H
6%
6 » 18
B oston... . . .
6=18
6=8
0 *3
6=8
hundredths o f an inch. The theremometer has ranged from
6>3
6=8
Baltimore. .
S
5
6 7s
6 78
6 7a
e\
Philadelphia
6A
8-9 below to 49T above, averaging 17.
6=8
6=8
a=s
6=8
Augusta----6 =i
N a sh ville, T en n e ssee .—No tarm work in progress. Rain
6
6
6
5 1 5 ,8
M em phis....
5 7s
6
has fallen during the week to the extent of seventy-two
OH
St. L ou is....
5>S 1S
5 7«
T#
6=18
Houston.......
6 5 .8
0 5 ,8
6lis
hundredths of an inch. Average thermometer 15, highest 41
6
6
6
s 'e
Cincinnati..
8
and lowest 13 below.
6*4
6 *4
6 *8
1 8%
6
Louisville--.
M o b ile , A l a b a m a .—H irrible weather.
W e have had rain,
The closing quotations to-day (Friday) at other important
sleet and snow on four days daring the week, the precipita­
Southern markets were as follows.
tion reaching one inch and thirty-eight hundredths. The
C o i a m b o & ,M is &
|N a s h v ille . ..
5=s
81
*
Athens.......... .
thermometer has (averaged 30, the highest being 47 and the
5U ,
6
N a t e h e i ____ . . .
E u f a u l a ............
Atlanta . . . . . . . 6 'n
lowest 1 below zero.
| R a l e i g h ......... . . .
6*3
5*3
L it t le R o o k —
C h a r lo tte . . .. . .
O 'a
M o n t g o m e r y , A l a b a m a .—Snow and unprecedentedly cold
6
5\
1S h re v e p o rt. . . .
M o n t g o m e r y ...
Columbus, Ga. 8
weather the past week. It has been impossible to prepare
R e c e ip t s f r o m t h e P l a n t a t io n s . —The follow ing table lands; everything paralyzed.
Moderating since Thursday.
Indlcates the actual movement each week from the plantations. There has been rain on three days of the past week, the rain­
The figures do not include overland receipts nor Southern fall being eighty-three hundredths of an inch. The ther­
consumption; they are simply a statement of the weekly mometer has averaged 21. ranging from 5 below to 47 above.
movement from the plantations o f that part of the crop w hirl
S a v a n n t h . G e o r g ia .— We have had rain on five days of the
finally reaohea the market through the outporta.
week, the rainfall reaching three inches and ninety-seven
hundredths. The thermometer has averaged 84, ranging
FUesigts at tA# Ports. 3t'k At Interior Towns] fUe’vts/rem Plant ns. from 8 to 65.
Week
Ending—
isss. j is#v.
A u g u s t a , G e o r g ia .—All ont-door plantation work has been
1*99. 1*96. [ 1*97. 1*99. | 1896. 1897, j 1839.
*71.47* 151,641 <597.945 8*3.557 &32.1I9I1*$.2<S8 *54, 186 131.755 suspended in consequence of the extremely cold weather. Rain
207.595 233.W0 i30.19MJS.73* *>*.$** 502,917'183,41*' *13.211 100^58 has fallen on five days of the week, the rainfall reaching
1 7.890 208.710 133,902!0&M4S 30 0.W #71.186 1188.764 1 »L 8 J> 106,571 twenty-seven hundredths of an inch. The thermometer has
7
170,413 2^M2* |MUMt[M«j814f<88JBI 4 44.404 151,0*9 801.400 74.778 ranged from 3 to 50, averaging 31.
47#
119.423 531,00»> 5S .5& 42V.091 57.501 190.170!105.117
A *
C h a r le sto n , South. C a r o l i n a .— Rain on six days of the week,
10 ..
72.IW 1*5.133 H,394 499.421 i54*> 401.905 10.571 l *7.34* 57.745 the precipitation reaching two inches and fifty-three hun­
<
.76£
17.
The above statement shows: 1.—That the total receipts dredths. Average thermometer 33, highest 62 and lowest 7.
S ta te b u r a , S o u th C a r o lin a .—Snow has fallen cm three days
from the plantations since .Sept. 1, 1898, are 7,448,0*56 bales; In
to the depth of eight inches. There has been rain ou one day
1897-98 were 7,699,679 bates; in 1896-97 were 6,137,195 bales,
during the week, the precipitation, including melted snow,
2
—That although the receipts at the outporta the past week
were 73,150 bales, the actual movement from plantations was being two inches and sixty-six hundredths. The thermom­
40,571 bales, the balance being taken from stock- at Interior eter has averaged 26-3, the highest being 55 and the lowest 3.
G r e e n w o o d , S o u th C a r o lin a .—It has rained on two days
towns. Last year receipts from the plantations for the week
during the past week, the rainfall being two inches, and
were 167.345 bales and for 1897 they were 57,745 bales.
there has been seven and a-half inches of snow.
W e a t h e r R e p o r ts b y T e l e g r a p h . — Oar telegraphic ad
The following statement we have also received by telegraph,
vices from the South this evening denote that the South has showing the height of the rivers at the points named at
this week experienced the most severely wintry weather on 8 o'clock February 18, 1899, and February 17, 1898.
record. The temperature has been extremely low, going be
Feb. IS. '99. I Feb. 17, ’98.
low zero at many points very far south. Rivers have been
F e e l.
F eet.
15*0
.
11 *9
solidly frozen over and snow has been quite general. As a
23*8
13*7
13*2
5 -5
result of the unfavorable conditions the movement of the
Shreveport...................Above sero of gauge 1
5*4
53
crop nas oeen seriously interrupted and preparations for Vlofcsburg.. . . . . . . . . ....A b o v e zero o f gauge 1
2 (1 -3
4 1 -7
spring planting entirely suspended.
J ute Bi rrs. Bagging, & e.—The market for jute bagging
G a lv e s to n ,
T e x a s ,—The weather has
been very cold has been extremely quiet during the week under review at
throughout Texas, and farm work has made practically no 5 r *5 Vc. for 1?4 lbs. and 6M8>£c. for 2 lbs., standard grades.
progress. W e have had raia on four days during the week Jute butts have been dull and featureless at -00c. for paper
the rainfall being tw o inches. The thermometer has ranged quality and ll£c. for mixing.
I n d ia C otton Mo v e m e n t f r o m a l l P o r t s .— The receipt*
from 8 to 53, averaging 30.
of cotton at Bombay and the shipments from all India ports
P a lestin e, T e x a s .—Freezing weather almost the whola
for the week ending Feb. 18, ana for the season from Sept. 1
week. It has rained on three days, the rainfall reaching two to Fob. 16 for three years have been as follows;
inches and fifty-one hundredths. Average thermometer 23,
189 8 -9 9.
1 8 9 7 -9 8 .
1 3 0 6 -9 7.
highest 50, lowest * below.
Receipts at
Since
Since
S a n A n t o n i o , T e x a s .— There has been rain on one day of
Week. Sept. 1.
Week. 1 8epl 1#
| 8inC€
Week. Sept. 1.
the week, the precipitation teaching one hundredth of an
B o m b a y ___ ...1 9 0 ,0 0 0
8 5 5 ,0 0 0 59,0001 4 6 0 ,0 0 0 5 7,0 00
6 2 8 ,0 0 0
inch. Minimatn temperature 4.
C o r p u s C h r is ti, T e x a s .—There has been rain on two day*
For ike Week.
Since September 1.
of the week, the rainfall reaching twenty-six hundredths of
from —
Great
OonliGreat
OorUian inch. The thermometer has averaged 32, the highest
roiai.
Total.
Britain. nenl.
Britain.
nenl.
being 56 and the lowest 12.
P a r is ,
T e x a s .—Farming operations have been entirely H om bay—
____
148,000
1 8 9 8 -9 9 ..
9 ,0 0 0
9 ,0 0 0
2 ,0 0 0
1 5 0 ,0 0 0
suspended. The thermometer has ranged from 12 below
1 ,000
1 8 0 7 -9 8 ..
7 ,0 0 0
7 .0 0 0
8 0 ,0 0 0
8 1 ,0 0 0
to 51,
1 8 9 6 -9 7 ..
7 ,0 0 0
1 8 1 ,00 0
1 8 8 ,0 0 0
Nei.e O rlea n s, L o u is ia n a .—The week’s rainfall has been C a lcu tta —
2 ,0 0 0
1 8 9 8 -9 9 ..
1 4 .0 0 0
10,0 00
thirty-eight hundredths of an inch, on one day. Average
1 8 9 7 -9 8 ..
9 ,0 0 0
2 ,0 0 0
1 1 ,0 0 0
thermometer 32.
1 8 9 6 -9 7 ..
4 ,0 0 0
1 9 ,0 0 0
2 3 ,0 0 0
S h r e v e p o r t, L o u i s i a n a ,—There has been rain during the
M adras—
week to the extent of three hundredths of an inch. Snow
1 5 ,0 0 0
1 7 ,0 0 0
1,000
2 ,0 0 0
1 8 9 8 -9 9 - .
1 ,0 0 0
2 ,0 0 0
6 ,0 0 0
8 ,0 0 0
1 8 9 7 -9 8 ..
nearly gone. The thermometer has averaged23, the highest
1 8 9 6 -9 7 . .
9 ,0 0 0
17,0 00
2 6 ,0 0 0
being 53 and the lowest 5 below—lowest on record.
M l other*—
C o lu m b u s , M is s i s s i p p i .—It has rained on o n e day of the
__
4 ,COO
1 8 9 8 -9 9 ..
5 1 ,0 0 0
5 5 ,0 0 0
0 ,0 0 0
2 3 ,0 0 0
3 2 ,0 0 0
1 8 9 7 -9 6 ..
week, and snow has fallen on four days, the precipitation
13,0 00
4 1 ,0 0 0
1 8 9 6 -9 7 ..
1 ,0 0 0
1,000
5 4(0 0 0
reaching one inch and six hundredths. The thermometer
has averaged 22, ranging from 8 below to 48 above,
t o t a l a ll—
10,000 2 2 8 ,0 0 0 2 3 8 ,0 0 0
10,0 00
L eln n d , M is s i s s i p p i .—No cotton has been picked in two
1 6 9 8 -9 9 ..
10,000
1 4 ,0 0 0
7 ,0 0 0
7 ,0 0 0
1 1 8 ,00 0
1 3 2 ,0 0 0
1 8 9 7 -9 8 ..
weeks, owing to very had weather. The thermometer has
3 3 ,0 0 0
1 ,000
2 5 8 ,0 0 0
1 8 9 6 -9 7 ..
1 ,0 0 0
2 9 1 ,0 0 0
..........
ranged from 5 below to 35 above, averaging 19-7,
V ic k sb u rg , M is s i s s i p p i .— lim n aud scow have fallen on foar
According to the foregoing, Bombay appears to show an
days of the week, the precipitation, including melted snow, Increase compared with last year in the week’s receipts of
reaching on* inch and fifty-three hundredths. Average 31,000 bales. Export s from all India ports record a gain
thermometer 25, highest 45 and lowest 1 below.
of 3,000 bales during the week and since September 1 show
L it t l e R o c k , A r k a n s a s .—There has been rain on two days an excess of 108,000 bales.
Q uotation s

fob

Mi d d u n g C otton

at

O t h e r Ma r k e t s . —

Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day o f the w eek .

TH E

338
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 .—

of

Through arrangements we made with Messrs. Davis, Benaohi
dt Co., of Liverpool and Alexandria, we now receive a weekly
oable of the movements of ootton at Alexandria, Egypt. The
following are the receipts and shipments for the past week
and for the corresponding week of the previous two years.
A le x a n d ria , E gyp t ,
F eb ru a ry 15

1898-99.

1897-98.

1896-97.

125,000
4,758,000

Receipts (oantara*)...
This week................
Since Sept. 1............

[VOL. LXVIII.

C H R O N IC L E

150,000
5,409,000

115,000
4,850,000

According to the above, the average weight of the deliver:es
in Great Britain is 511 pounds per bale this season, against
507 pounds during the same time last season. The Ooaciaen .al
deliveries average 493 pounds, against 497 pounds las year,
and for the whole of Europe the deliveries average 501
pounds per bale against 501-3 pounds last season
Our
dispatch also gives the full movement for this year au l la-t
year in bales of 500 pounds.
Oct. 1 to F eb. 1.
Bales o f 500 lbs. each
0 0 0 s om itted .

1898-99.

1897-98.

Great
B rita in .

C on ti­
n en t.

Total.

G reat
B rita in .

C onti­
n en t.

Spinners’ stook O o tl.
Takings In Ootober...

56,
273,

493,
238,

549,
511,

31,
245,

183,
239,

214,
484,

Total supply........
Oonsnmp. Oot., 4 wks.

329,
276,

731,
360,

1,060
636,

276,
200,

422.
344,

698,
604,

Spinners’ stook Nov. 1
Takings In November.

53,
325,

371,
373,

424.
698,

16,
318,

78.
377.

94,
695,

Total supply........ 378,
M a n c h e s t e r M a r k e t . —Our report received by cable
to-night from Manchester states that the market continues Oonsnmp. Nov., 4 wks. 276,
firm for both yarns and shirtings. Merchants are buying very Spinners’ stook Deo. 1 102,
sparingly. We give the prices for to-day below an , leave Takings in December. 442,
those for previous weeks o f this and last year for comparison

744,
360,

1,122,
636,

334,
260,

455
344.

604,

384,
600,

486.
1,042,

74,
372,

584.

185,
956,

S ince
T h is
w eek. Sept. 1.

Export® (bales)—
To Liverpool...........
To Continent!..........

7 .0 0 0 204.000

8.000 198.000

S ince
This
w eek . Sept. 1.

B inct
T h is
w eek. Sept. 1

5.000 241.000 2,000 240.000
8.000 237.000 13,000 211.000

Total Europe........ 15,000 402,000 13,000 478,000 15,000 451,000
* A oantar is 98 pounds.
______ ___ _
t Of whioh to Amenoa in 1898-99, 25,946 bales; in 1897-98, 29,787
bales; in 1896-97, 29,323 bales.

I ll,

Total.

789,

Total supply........
Oonsnmp. Deo., 5 wks.

544,
345,

984.
450,

1,528,
795,

446
338.

695,
430,

1.141,
768,

8 H U>t. S h irt­ O o ttr
8H lbs. Shirt­ OotVn
33, Oop. in g s, com m on M id. 3 2 , Oop. in g s , commoyx M ic.
Twist.
Twist.
to fin e s t.
Uplds
Upld
to fin e s t.

Spinners’ stook Jan. 1
Takings In January..

199,
334,

534,
466,

733,
800.

108,
322,

265,
503,

373,
825,

d.
37s2

Total supply........
Oonsump. Jan., 4 wks.

533,
276,

1,000.
368,

1,533,
644,

430,
264,

768,
352,

1,198,
616,

Spinners’ stock Feb. 1

257,

632,

889,

160,

416,

582

1898.

1899.

J n .lS
“ 20
“ 27
Feb. 3
" 10
“ 17

d.
d.
5=8 » e i i
5»s *»6**
5% 365s
5% 365a
5% 0658
513,806=8

s. d. s. d.
4 1 *6 9
4 1 06 9
4 lHiOeiO
4 liflOe 10
4 11*06 10
4 11*06 101*

d.
d.
d. e.
3J>82 5U16®6% 4
3316 5°8 t>6®8 4
4
3b16
3922 55s ®6®0 4

d. s.
01*06
1 06
1 06
1 06
a>6\ 4 11*06
4 11*06

d.
8
8
7i*
7i*
8i*
8i*

33,e
37:i2
373.
31*82
3 113,

The comparison with last year is made more striking b y
bringing together the above totals and.adding the average
weekly consumption up to this time for the two years.

S e a I s l a n d C o t t o n M o v e m e n t . — We have received tUs
(Friday) evening by telegraph from the various ports the
Oct. 1 to Feb. 1.
details of the Sea Island ootton movement for the week, The Bales o f 500 lbs. eacn,
reoeipts for the wees: ending to-night (Feb. 17) and since
000s om itted.
Sept. 1, 18S8, thestockB to-night, and the same items for the
corresponding oeriods o f 1897-93, are as follow s.
Spinners’ stock Oot.l.

1898-99.
R e c e ip ts to Feb. 17.

1897-98.

Stock

S in c e
T h is
S in ce
T h is
w eek . Sept. 1. w e ek . S ep t. 1. 18£9

Savannah........................
Charleston, Ao................
Florida, dto.......................

315 48,415
4,996
5
6,110

Total...........................

59,521

320

1898.

56,
Takings to Feb. 1___ 1,374,
Supply......................... 1,430,
Coneumpt'n,17 weeks 1,173
Spinners’ stook Feb. 1

650 70,744 18,486 26,616

In October..........
In November...........
In Deoember..........
In January.............

Theexportsfor the week ending this evening reach a tot. A
of 75 bales, of which — bales were to Great Britain. 75
to France and — - to Reval, and the amount forwarded to
Northern mills has been 815 bales. Below are the exporis
or the week and since September 1 in 1898-99 and 1897-98
E x p o rts
fro m —

Oontx
n en t

54,962 12,511 20,699
9,556 2,474 4,476
6,226 3,401 1,441

524
64
62

1898-99
Great
B rita in

1897-98.
Total

Grea
B ritax

Qont
nent

Total.

493
1,677,

549
3,051,

31.
1,257

183
1,703

214
2,960,

2,170,
1,533,

3,600
2,711

1,288
1,122

1,836, 3,174,
1,470. 2,592,

257

632

889

166

69,0
69,0
69,0
69,0

90,0
90,0
90,0
92,0

159,0
159,
159,0
161,"

65,0
65,0
65,0
66,0

416.

582,

W eekly C onsum ption >
00s om itted.

86,0
86,0
86,0
88,0

151,0
151,0
151,0
154,0

The foregoing shows that the weekly consumption is now
161,000 bales of 500 pounds each, against 154,000 bales of like
The total
Week E n d in g Feb. 17. S ince S ept. 1, 1898. N orth *n M *. weights at the corresponding time last year.
%
spinners’ stocks in Great Britain and on the Continent have
Or ea t Fr’ ncc
G rea t France
Sin t
increased 156,000 bales during the month, and are now 307,000
T o ta l . B riV n .
T otal. W eek. Sept
B riV n .
Ac.
A c.
bales more than at the same date last season.

savannah...
Charl’t’n.Ao
Florida, * 0 .
Mew York..
Boston.......
Balt., Ao—
T o ta l.. . . .
Total 1897-8

........

775 21,097
50
918
5,946

75

........

7,210
1,343
200
8,308
1,945
1,382

75 13,880 6,508 20,388

825 27,961

........

........ 20,830 6,010 26,810

225 24,675

"* 7 5

■ "75

4,849 2,361
1,343
200
4,161 4,147
1,945
1,382

A considerable portion of the Sea Island cotton shippec to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead o f including this cotton for
the week in which it leaves the Southern oirtports, we follow
the same plan as in our regular table o f including it when
actually exported from New York, &c. The details o f the
rtiipments of Sea Island cotton for the week will be found
under the head “ Shipping News,” on a subsequent page.
Quotations Feb. 17 at Savannah, for Floridas, common,
9c.; medium fine, 10c.; choice, 13c.
Charleston, Carolina?, medium fine, 13c.; fine, 20c.; fullv
fine, 22 to 25o.: extra fine, 40 to 50c.
European

Cotton

C o n s u m p t io n

to

F ebruary

1 .— B y

cable to-day we have Mr. Ellison’s cotton figures brought
down to Ftbruary 1. We give also revised totals for last
year that comparison may be made. The spinners’ takings
in a c tu a l bales and pounds have been as follows:
October 1 to F e b ru a ry 1.

Great B rita in .

C ontinent.

Toioi.

F o r 1 8 9 8 -9 9 .
Takings by spinners...bales
Average weight of hales lbs
Takings in pounds...............

1,345,000
511
687,295,000

1,701,000
3,046,000
493
501
838,593,000 1,525,888,000

F o r 1 8 9 7 -9 8 .
Takings by spinners.. .hales
Average weight of bales.lbs
Takings in pounds...............

1,240,000
507
628.629,000

1,713,000
2,953,000
497
501-3
851,619,000 1,480,248,000

R e c o r d W e a t h e r a t t h e S o u t h . —Extremely low tem­
perature prevailed throughout the South daring the early
part o f the week, all previous lo w records being broken.
In fact at many points the thermometer registered below
zero. The situation in the various States is indicated below.
V i r g in i a .—Heavy snowfall, with temperature ranging from
4 below at Petersburg to 6 above at Richmond. Norfolk Har­
bor frozen over.
N o r t h C a r o lin a .—Snow to the depth of 18 inches at some
points, with temperature 4 below zero at Charlotte, 2 below
at Raleigh and 6 above at Wilmington.
S o u th C a r o lin a .—Snow and sleet.
Early vegetables and
fruit badly injured. Temperature at Charleston 7 above;
Columbia 2 below; Clemson 7 below.
G e o r g i a .— Coldest weather on record, with snow general.
Early vegetables killed. Atlanta recorded 8'5 below zero,
Savannah 8 above, Cordele 2 below, Rome 7 below, Griffin
10 below, Americus 6 below.
F l o r i d a .— Sleet, followed by light snow, over Western and
Middle Florida, on Monday. Temperature lower thau ever
before, being zero at Pensacola, 2 below at Tallahassee, 15
above at St. Augustine and 9 above at Jacksonville. Great
damage to fruit, vegetables and to orange trees.
A l a b a m a .—Four inches of snow at Anniston. Tempera­
ture Monday morning 15 below, against 72 above one week
previous. Thermometer registered 6 below at Selma, 5 below
at Montgomery, 1 below at Mobile.
M is s is s ip p i .—Very severe weather.
Bay St. Louis frozen.
Much damage to crops. At Meridian the thermometer regis­
tered 6 below,- Aberdeen 15 below, Columbus 8 below, Holly
Springs 10 below and Vicksburg 1 above.
L o u i s i a n a .—Bayous frozen over for first time since the
war. Ice sufficiently strong for skating. Heavy damage to
vegetable and orange crops. Temperature at New Orleans
6'8 above, Donaldsonviile 3 above, L ike Providence 4 below,
Shreveport 6 below and Farmersville 7 below.
_ j*

F kbbUABT 18, 1899. J

TH E

C H R O N IC L E .

Texas.—Galveston Bay and Texas rivers frozen over. Oats
rained and wheat damaged in some sections. This cold spell
the longest in fourteen years. Temperature at Waco Sun­
day morning, 7 below, Danison 16 below, Dallas 11 below,
Paris 12 below. Houston 4 above, Galveston 7-5 above.
A r k a n s a s —Extreme cold has caused many trees to burst
open. Thermometer registered 24 below at Fayetteville, 7
below at Helena and 12 below at Little Rock.
I n d i a n T e r r i t o r y —Bitterly cold; cattle dying by thousands.
Temperature at So. McAlester 10 below zero.
K e n t u c k y —Temperature at Lebanon 39 below, Carlisle 30
below, Louisville 10 below.
T e n n e u e e —All temperature records broken. Memphis 8*9
below, Knoxville 12 below, Huntingdon 24 below, Mississipjji^River navigation suspended as far south as Greenville,

A v e r a g e s o f T e m p e r a t u r e . —As of interest in. connection
with our monthly weather record, we have prepared the
subjoined table, which shows the State averages of thermom eter in October, November December and January ’•
for six
years, 1893-94 to 1898-99.
October.
Thermometer
Averages.
S)

N. Ca b ’ l i s i
l n y s ......... 83*0
le»7 (full).. S6*2
1806(good) 77*8
184*5 (good) 7061
1894 (full). St *3
-26J
1803 (good) S
S, OAB’U X l
850
1808....
88*^
1807 (full)
1806 (good) »3*a
N ew Enola.no Cotton M ill S ituation.—A dvices from
13*5 (good) 86 4
1804 (full).. .67*2
Fall River indicate that a partial restoration of the wages of
1893 (good) 84*0
cotton mill operatives—about five per cent— will be granted SlOROIX.
1808......... 87*7
some time next month. An increase at New Bedford is also
1607'fuin. 88*7
1806 (good) 6S*o
anticipated in the early spring. A strike is impending in
1805 good) s:*s
1804 (full).. 87-0
the Merrimack Mills at Lowell owing to dissatisfaction with
1803 (good) 85*8
one of the overseers. The United States Cotton Company fLORtO*.
1808........... 91*0
o f Central Falls, R. L, has given notice to its employes that
1807 (full). 87*0
L 06 (good 86-0
H
wages will be increased next week.
19&6 'good) 87-8
1804 (fullI.. 87*0
1893 (good ‘ 67 8
Domestic Exports of Cotton Manufactures.—W e give
ALABAMA*
1808,,........ 88*6
below a statement showing the exnorts of domestic cotton
1S »7 (fu ll.) 01i
V
manufactures for December and for the twelve months ended
1889 (go o d 1 86 4
1805 (good! 1 H7-4
Dec. 31, 1898, and for purposes of comparison like figures fo
1804 (fttliL. «7*5
1303 (good' 87*0
the corresponding periods of the previous year are also LotriBIXSA.
1W^-......... 02 3
presented:
1807 (fa ll). WT3
1806 .good) 0tr»
1805 (good) 8V 3
Q iM tu ttU * o f M a n u f a c t u r e * o f C e l - M o n t h e n d i n g D e c . 3 1 .! 12 m o * , rrvim y D e c , 31*
1804 (full). 89 *
t o n {co lo red a n d u n c o io r td )
------------------------------------------------ ---------------------------1893 (good) 88*3
tz -p o r u a t o 1898.
1997.
189*
1807.
Mmsisisjppi
U n i t e d K i n g d o m . . . . . . . . .......... y
IRM8........... 03 a
M0MO7
•7'WW 1 IJMW.WB! 0.807, US
7201 $9.10*:
1807 (fu ll), w-<
F ra n ce.............. ......................
607.0 J2
W
G e r m a n y .................................. ......
13.060
IJB il
ftJW
S.S4A,
2V4.160
1606 (gOOd) H S
O t h e r c o u n t r ie * In S e t o p * —
- •i 00 »
69,840' M0MI51
7lwi
.
B r t t lih N o r t h A m e r i c a ..........
BO .B6 l*ttft.T«VJ 14.S7*,947
O *5
1604 (full)..
UPM*
C « o U » l A m e r ic a n d La tea a n d
l,*37,Ol7j
40MB4 lMhK^Bia 9.118,98•
> 1803 (good) Stf-J
B r itla h l i o n d n r e e . ,
sas.
........... .. ............ ..
709.471 422.764 7.44d,St5 6J20.W. A r k a n.......... 0>*0
1806.
255 *> ! 3.23U.1 *t iB S l.liS
.b 7
*2V^37
S a n to D o m in g o ,. . . . . . . . . . . . . .
453! 1,171.4*V
Gab*............. ....... ...........
680.233
fl0B 9 1807 (fu 1). 91'*
yH
1806 (good) 65f
,
m>e?|
FOMt
P v e r t o B l e o . . . . . . . . ................—
Sajm 1/0*. *58
1605 (jfOOT) Hl-3
O th e r W . la d le s A B erm uda™
IS.10&.6M 14,7IA*<?
1804 (fnlljL. SH*
*70,1*01
8
Cgftl.SUO 2,120.00:
A r g e n t in e R e p u b l ic ..................
1808 (good)
rt76.4fl4j| 10.446, Hhj V M ,9 0
l_.3lS.it 7
B ract 1 ............................................. .
^ »S 0 T cx.v ca ses. 87*2.
615,0761 A«64,5»?
■
U n it e d S t a te * o f C o l o m b i a . . .
I6W1 .. . . B8-*
ihU thw l
32.696.66ft 1 22.047,022
O th e r c o u n t r i e s m 9 . A m e r ic a
L607 (fail).
1B.41S.4M a,0»>4/;V* 1M.314.US 1S3>.9,7*W
Chine............................ .
1806 (good) 81*7
1,977,00» 7469.2*0 11,341.0*1'
B r it is h B a s t I n d i e * . . . . . ............
1805 (good > 86*0
H o m e K o n g . . , . .................... ..
82,11*
495,000,
2*6,78*
l'W ftu m .. MU
*2.0451
40.4-45
2,179,4*5
1808 (good) US'S
lfidJO B I
l'.M<4 1.690.77*. 812,841
i s c t e ’ r u i n A a s t r a l i u la
UB&r,9t*i *,011,602 31.42ft.t05 2l.0ll.54o T s i a s ,
O t h e r A s ia a n d O c e a n tea ...
L iUthv.oai M/79.950 18.737,789
16W ......
6
A f r i c a ................. . . .
9Lr>
8.7N*
Sg M ________
JM l
Other c o u n t r i e s ........ .
35,091
110.4**i
1807 (falJ) V2 7
16^6 h ‘>Od) 88*3
40,100.510 ift.aio.ftt7 a20>31.907:a^astjisi
T o ta l yard* o f a b o v e . . .
1805 (good m n
if*H (falD^ VF»
T o ta l r a lo e e o f a b o v e .,
$1.766.*»3
$833,644 $U,5'.0,c7O $14,812,^43
1608 (good) 04-4
▼ a le e p e r y a r d .................. ..
$33606
rO470j
$-05 8
$-0430

Mexico..

Veto« i o f other Manufacture* of

Cotton e x p o r te d to—
U n it e d K i n g d o m ....................
F r a a o e ...*
Q om a a y . . . . . . ...........
O t h e r c o n n t r ie * In E ta ro p e ...........
B r itis h N o r t h A m e r i c a * . — _____
C e n t r a l A m e r ic a n S t a te * A B r t u c r
H o n d u r a s . . .............................................
M e x i c o ........................................... ;
S a n t o D o m i n g o . . . . .................................... >
v « b e ...................
I
P u e r t o R i c o . . . ........ .....................
I
O th e r W , I n d ie * a n d B erra a d a ........
A r g e n t i n e R e p u b i i e . ..................... . . .
B r a s il............................................................
U n it e d S t a te s o f C o l o m b i a ........
O t h e r e o n n t r i e * In S o . A m e r ic a
C h in a ........ .................
B r itis h B a s t I n d i e s . . . . . . . . ’ . ' . - ” *!*
U o u g K o n g ..............................................
B r itis h A a s t r a l a s l a ...............................
O t h e r 00 a n tr ie s
in
A s ia
en<
O c e a n le a ........ .................................
[
A f r i e a . . . . . . . . . . . . . . . . . . . . . . . . . . ........
O t a e r c o u n t r i e s .......... ..................
!

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

130,2ft1
*

i.ut

21.014
0,263
1 2 7 ,3 ,6

m in

$415,014

8.331)
1 . 000 ;
10,546
104,474
ii . Bi
04,72b!
110,06a, 1,778.441

$43UKM

8 680
6i,«*

1.637.471

339

2

November".
i

<
4? : s
«

December.
m

3

January*
.4

S
8
3

i

S

11

34'S
-51*0
84*8
33*0
3d*2
32*2

60*5
02-0
58*1
50*13
00*3
59*0

73*2
76*2
76*4
708*
73*^
74*0

27*C
27*2
30*.c
27*0
23*S
20*0

18*0
52*1
53*3
51*0
48*2
43*7

07*2
0ft*ft
fB-S
08 €
70-f
70*4

144
*31*8
101
18.4
10*2
21*3

43*1
42*0
40*6
43*9
43*1
«-i

14*0
15*4
06*4 8*8
03*0 13*0
67‘fl 7‘S
60*0 24*0

.
41*5
43*8
37*5
38*9
28*6
43*4

33*4
45*6
33*3
40-1
40*3
34*3

02*0
«0*y
03*2
01*0
84*1
04*3

7fl*C
78*(!
Bl*€
77S
750
77*3

23*0
31*7
30'*
35*4
26*5
24*8

523
56*1
61*2
52*?
52*y
530

71*f 19*4
73*0 1 JW
*ft
tV * 202
Ufl
71(1 2! *4
74*3 8*9
73*0 25V

40*1
48*4
43-3
41*0
48*9
499

70*2
75*S
07*4
00-4
72*0
713

22*4
17 6
13*4
18*2
13*
26*8

40*0
43*2
43*6
4S*4
45*3
49*4

30*0
47*7
41*7
41*8
42*0
38*0

04*1
07*4
64*1
63*7
058
05*9

79*3
78*3
80*7
61*9
75*<]
78*0

25*0
343
33*7
-J -H
U
20*4
27*0

53*8
567
59 7
56*1
53*5
850

71 (1
7S-0
70-7
73*0
730
72*0

24’7
30*7
2 re
■1 .a
2
8*0
25*0

47*0
49*2]
40*4
479
49*3
50*L
|

71*7
70*3
07*7
09*3
70*0
7Z~i

30*3
19*3
11*7
1S*3
11*4
20*4

40*1
51*1
43*7

44*3
64*8
52*-60 3
51*3
60*7

71*3
72*S
7t*0
7u*4
71 *y
7l*0

92*5
H2*0
04*3
82*7
81*(J
82*1

42*3
49*8
50*0
35 7
33* >
30-3

05*-'
07*k
*9 i
my
02 «
03 4

70*0
so-o
77*5
77*;
70 6
73*3

3ft*3
39*H
88*0
28*7
16*8
35*2

58*01
00*9
57*:
64*3
53 9
00*2

77-8
81*8
70'7
7 f5
783
78*0

40*0
25*9
25*8
23*0
2d*0
37*5

59*5
03*8
65*4
53*4
57*1
57*9

33*8 03*v

71*
e
74*0

45*3
50*0

30*4
40m
40*3
38*5

91 »
04*
01*5
80 *

70 H
79*2
Sj*0
7?*r
77 0
776

21*4
3 j*0
2i*0
24*<»
2C7
295

54 0
50*7
58 0
55*
53*
59*8

70*8
?3*u
74*4
71*2
700
71*0

18*4
27*0
2 ."
20-S
10*0
23*4

49*21
50 2,
400
47*0
54*0
503

09 2
76*8
70*0
700
74'3
731

22*4
17*8
18-0
17’4
15*0
17*8

45*6
60*0
18*0
45*6
45*0
50*7

35*0
4^.'
4>)3
4i*5
<i*3
44*0

652
72 1
0T<
04*0
06 i
ere

82*5
84*6
85*0
80 2
80*8
$ /8

38*0
34*)-;
3132*0
380

54-3
5-r&
00*6
57 0
679
56*7

75*0
70*0
78*0
74*0
Kl*3
73*3

83*.<
26*5
28*0
27*0
14*0
29*3

47*1
511
5!i-Sl
56 0:
52*8

75*3
79 3
74*5
74"
77*2
77*u

22>
24*-'
16*5
22*.
21*8
19*2

48*4
52*8
47 *
49*1
i9*l
51*0

31*4
41*6
38*8
34*3
393
34*0

00i
69 3
643
91 1
«3*v

0)*0
83.8
H
4*7
80*7
76*2
80-8

24 t
20 2
23 3
28’ 7
2r7
*45*7

637
5721
5^8
54*6
5ft*9
537

76*2
76 7
77*3
758
7S*4
77*3

10*4
22*0
20*4
20 0
0*8
22*1

47 0
J7 2
491
49*1
484
60*5,

70*0
78*3
70^
73*0
74-3
75*7

17*3
20*8
10*7
10*2
15*2
19*4

46*4
47*2
43*5
40*4
47*0
48*0

59T
37*3 68*0
350 61*8
33-8
31*2, 0l*7|
S
is* 89*31

70*0
79 0
79*4
7HV
7B*0
764

29C
31*8
1^0
24v
2 4*0
22 1

473
SI-3
&t*S
5 -9
46 7
48*0!

71*0
71*8
71*0
08*4
?i*M
Tot*

17*0
l»-3
18*8
17*
4*0
17*3

39*2
40 4
447
*31
43*0!
41*0

01.0 6> 30**
72*8 10*3 45*9
08*8 9*0 37 0
00*2 IJ-2 41*0
73*4
34*4
74*5 1*0 43*7

avts 68*0

30'S
sw-ij
36*7
3ft 0
34*8
28*3

88*11
65*9
69*3
50 6
&r*
56*0

733
7«*7
75-7
74'*
7**8
78*V

17^7
33*0
Ih
-7
2t*0
17 0

407'
51*3,
810
50*9
45-5
10*0 40 2

67 0
??-?
09*7
«8*0
076
93*7

11*3
20*8
•
20*1
14*7
3*0
18*5

39*3
4 31
44*rt
42*8 ]
41*8
42*0 j

04*7 6*8
09*3
07*0 4*8
63*7 115
59*6 1*0
67*7;—0*6

35*7
it 4
47*3
*5*3
ft'»3.
41*5!

97*8
fin
55 0
66V
67*0
89*9

84 0
«5»<
82-9
78 9
84*2
855

S8CI
hi 3
»ri
28'rt
36 4
31*1

74T.
75*7
769
7ft*1
7sn
7P*1

16*7
21*7
20*0
*V8
12*7
90*8

44 0
*T6:
52*7
60U;
5-1*7
55*4

75*5
77*2
74*2
79 0
70*9
78*5)

5*7
69
O ff
55*0
66 0
8?*v

39*3
44*9
87*0
*1*1
33*8
43*8

18*3 47*0
53*3
40-3
48-4
48*1
51*9

14.2
22*7
19*7
10*6

and 1894.
CjP'Tho words“ fttU” and "good'* following the yearn given above
mean simply that the ag^re^ate crop for the year named wa* fall o f
g-'Dd.
SH tppcro N e w s . — A s s h o w n on a p re v io u s p a g e , th e
ex p orts o f c o tto n fr o m th e U n ited S ta tes th e past w e e k h a v e
reach ed 139,928 bales. T h e s h ip m en ts in d eta il, as m a d e up
from m ail a nd te le g ra p h ic retu rn s, are a s fo llo w s :

206 556
809.080
82,471
mj&o
16,9*1
T
2,905 N ew Y ork — o Liverpool, per steamer Qeorgio, 10,879___
4,133;
To Hall, per Rteamer Ohio. 543............................................ .
543
7.306'
ll.iflt 1
l«M6l
**5 #
,9 »4
ljert
7, t ~
1$ -1■
M*67
To Havre, per strainer* Asphodel, 449___La Champagne,
6.608
&j»*8
49,586
67.247
88 jupland and76 Bea Island........................ ............... .
612
49,870
12.69-4
49,504
To Mar^ llle*. per steamer Strathleven, 100,**.................. .
100
.1 1 1 4t.4o8;
4 *9
1.471
48,961
To Bremen per steamer Btutt^art, 1,831 {Including 990
*,222
m\
1V.197
!
round counted as 49ft)...........................*.............................. 1,834
I I
’ 3*
2.l"l
7381
7-«*
16.016
- I
To Hamburg, per steamers Palatla, 849_ Pembrldge, 177 1,026
_
3l,7 !te
194.336| 177,997
To Lisbon, per steamer Peninsular, 200.............*.................
200
To Genoa, per steamer Strathleven, 1,509............................ 1,509
44.07;.
-i :?m
21,57*
318,297 New O rleans—To Liverpool-Feb. 11—Steamer Mira, 5,281
A nsa;
92,174
A126
m m
. . . . Feb. 46 —Steamers American, 12,000; Historian,8,500;
478
1,440
7.224
6.114!
Louisianian, 2,50 t...................... ........ .......................... ....... 28 281
P c t a i n i n e o f o t h e r m a n u fa c
To Belfast-Feb 10 Bteamor Kamore Head, 2,342.. . . . . . . . 2,342
t a r e s o f . . . ..................
$376,480
$278*796 $4,099,104 $5,706,00* Havre—Feb. 17—8tef»m» r 1 strar, 8.351...
To
...
....... 8,351
A g g r e g a t e v a lu e o f a l l e o t t o a e o o d . I $2 4 4 1 . 923 ' $ 1 4 12.31Q 1
$19,604,480 119 .61 8,0 8 7
To Bremen - Fob. 15-8team er Hampstead, 4,250... Feb.
17—Rteamer ftnanl, 9,944..... ................................................ 14 ,19 4
To Antwerp—Feb. 13—
dteamor Socrates, 480........... ...*
480
t a a f ) u u j * n s t i w r fs f a *
itw s a r b o k ip t s o r O oT T O b * t
To Baroeloua-Feb. 10—Steamer Nloeto, 5,781. ...F ob. 15 —
{ if e ,
}
* u .l* ie l p u i a A n d B a lt i m o r e f o r t h e paa^
Steamer Ashanti, 0,614.............. ........................................ 12.295
To Genoa—Feb. l l —Steamer Citta dl Messina, 5 ,1 3 3 ........ . 5,133
w e e t e , ft a 1 < i a c e i i p t e c a b e r 1 , 1 8 C 8
G alvebtow—To Copenhagen—Feb. 11 — Steamer Kentucky,
A 178 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,178
1 1 * TO **Corpus Christi, Ac.—To Mexico, per railroad, - 9 4 ..................
394
S03T0I,.
PBILAOrLPB’A B a l t im o r e
fi sestet*
Mobile—To Manchester—Feb. 15—Ship Highlander, 2, -3 7 .... 2,937
Thit
f hi*
Unc*
Hinci
7Aft« |
Tats Sin*
from
—
PRifSAOOLA—To Liverpool Feb. 11 -Steamer Francisca, 849..
819
W 4. 9 * p t . 1 . mu * k. 3 * p l . l . wssft;. 9 * p t . • •essli. «spt
S4
SAVAififAH—
-To Oxelsand—Feb. 16—B*rk Ludwig Holborg,
.
1,400................................ ...................................................... *. 1,400
g. Orloans.., M60 11X321
To Norrkoping—Feb. 10-B ark Lu twig Holborg, 1,900......
1,900
Texas..
S.44? 106.1*7 11.543 66,622 ......j ...........
Cargo to Genoa from Savannah last week was per Buokminster/’ not "Rorasdalen."
Bevean'h Ac
1,073 173.41ft 11.170 118,061; .««•* ( ..........I 1,342; 54.600
WiLMtHOTOR—To Liverpool-Feb. 18-Steamer Marian, 6.021. 6 . 0 2 1
Mobile
Norfolk —To Liverpool - Feb. 10—Steamer Noranmore, 4,790. 4,790
F lo r id a -.
6.4AS .......
Bostok—To Liverpool-Feb. 7—Steamer Cestrlan. 7 ,868....
io , Carnlloa
676 3CA77
81.187 ....... 1 .......... 1
....F eb. 8—Steamer Kansas, 2,829....Fob. 13 -Steamer
Bo- Carolina,
*00
17,167
.
Bay State, 1,398............. ........................................................ 12,095
Virginia..
8S#j ?*,606
To Yarmouth—Feb. 14—Steamer Boston, 190............... .......
190
143,074
133.110 .......
4,733 5,0871
B altimore—r o Belfast-Feb. 9—Steamer Belfast, 300.............
300
W orth , p o r ts
3,300 L17*
6A**'
..........I
To Bremen—
Feb. 15—Steamer Roland, 1,0 00 ........ ............... 1,000
Tenn.. A c...
1,718 78,375 13,043 247,8®? 1,88? 31,303] ’ "m
28,160 8 ak Francisco T o Japan-Feb. 11—Steamer Coptic, 2,700
Foreign____ **_•**'!
*7,?70] ......|
— Feb. 10—Steamer Axtec, 6,490...................................
9,190
To Japan—Feb 17—Steamer Glenogle 1 ,800............
1,800
T o t a l...,, J 18.(00 61L0S0 37.337 650.0:0! ljr07| 38.36ft I 9.605 2*4.*? 24 T acoma —
brattle—To Japan—
Feb. 1 4 -Steamer Rfojun Maru, 5,900
5,900
*7 jwei M >1 (J
iH
t
62,^
’ .“ ili 6*,4?3!
$0 10
0 .5 5
19,012

so.ftftH
,

1j6a >i
9,490

13.621

80.068.
-V
6a ,
2*6

215,750

3503* l

1009

TH E

3*0

fVoL. LXVIii

C H E O N IC L E .

The particulars of the foregoing shipments, arranged
our usual form, are as follows.

in

G reat F re n ch Qer- ^ O th .lT r o p e — M exico,
s
B r il'n . p ort*, m a n y. N orth. South.
die. J a p a n . Total.
16,703
N ew Y o r k . 11,4 22
7 1 2 2 ,8 6 0 .......... 1,709
71,0 76
4 8 0 1 423
N. O rlea n s. 3 0 ,6 2 3 ......... 14 94
2 ,178
2 ,178
Q & lveston ................ 8 ,351
8 94
894
Oor. O.. & o..............................
2 ,9 3 7
M o b ile .......
2 ,9 3 7
8 49
P e n s a co la .
8 49
3 .3 0 0
300
S avannah..
6 ,0 2 1
W llm ln g t’ n 6 ,0 2 i
4 ,7 9 0
N o r fo lk ....
4 ,7 9 0
12,2 85
190
B o sto n . . . . 12,095
1.300
00
B a ltim ore.
300
9 ,1 9 0
9 .1 9 0
8 an F r a n ..
5 ,9 0 0
5 ,9 0 0
T a o o rn a ....
1 ,800
1 ,8 0 0
S e a ttle .......

The prioes o f futures at Liverpool for each day are given
below. Prioes are on the basis of Uplands, Low Middling
olause, unless otherwise stated.
8

G F * The p r ic e s a r e g iv en i n p e n c e a n d Q lth s.
6 3 -6 4 d ., a n d 3 0 1 m ea n s 3 l - 6 4 d .

F eb. 11 to
F eb. 17.

8

at•

12i*
P . M. P

d.

in o n .

T ues.

l :45 4 i :45
M p M. P . M. p M.
.

1

d.

d.

d.

d.

Thus :

W ed.

4
P .M.

P M.

d.

d.

1

:45

2 63 m ea n t

T h n ra.

d.

d.

(i

.

Fri

4 1:45 4 1:45
P .M. P M P -M. P .M.
.
d.

4
P•
If*
d.

3 19 3 20 3 22 3 23 3 24 3 23 3 24 3 24 3 23 3 23 3 22 3 20
3 19 3 20 3 22 3 23 3 24 3 23 3 24 3 24 3 23 3 23 3 22 3 2 0
3 19 3 20 3 21 3 24 3 24 3 23 3 24 3 24 3 23 3 23 3 22 3 2 0
3 20 3 21 3 21 3 24 3 25 3 24 3 24 3 24 3 24 3 24 3 23 3 21
3 21 3 22 3 22 3 25 3 26 3 24 3 25 3 25 3 25 3 25 3 23 3 2 1
3 22 3 22 3 25 3 26 3 26 3 25 3 26 3 26 3 25 3 25 3 24 3 22
T o t a l . . . . 6 9 ,0 3 7 9 ,0 6 3 18,0 54 5 ,9 5 8 19,1 37 1,084 1 6 ,3 9 0 1 3 9 ,2 2 3
3 22 3 23 3 24 3 26 3 27 3 25 3 26 3 26 3 26 3 26 3 25 3 23
3 22 3 23 3 24 3 26 3 27 3 25 3 26 3 26 3 26 3 26 3 25 3 23
To Japan since September 1 shipments have been 60,384
3 22 3 22 3 24 3 23 3 25 3 24 3 25 3 25 3 25 3 25 3 24 3 22
bales from Pacific Coast, 6,066 bales from New Orleans,
3 22 3 22 3 24 3 25 3 25 3 24 3 25 3 25 3 25 3 25 3 24 3 22
3 22 3 22 3 23 3 2 d 3 25 3 24 3 25 3 25 3 25 3 25 3 24 3 2 2
13,960 bales from Galveston and 200 bales from N aw Yoik.
D e o .-J a n ___ 3 2 2 3 2 2 3 24 3 25) 3 25 3 24 3 25 3 25 3 25 3 25 3 24 3 2 2
February...
Feb.-March.
Mch.-April..
April-May..
May-June...
Jnne-July ..
July-A u «...
Aug.-Sept...
8ept.-O ct...
Oot.-Nov....
Nov.- D e o . . .

Below we give all news received to date of disaster?? to

v e s s e ls carrying cotton from United States ports, &c.
B u l g a r i a , stea m er (G er.), from N ew Y o rk fo r H a m b u rg w ith 2 5 0
b ales o f c o tto n , b eca m e d isa b led in m id o c e a n an d lias n o t b e e n
re p o rte d s in ce Feb. 6 .
C o l o r a d o , steam er (B r.), fr o m N ow Y o r k fo r H u ll w ith 809 b a le s o f
c o t t o n , has p u t iu to F ayal with m a ch in ery s lig h tly d era n g ed .
D o r s e t , stea m er (B r.), w h ich a rriv ed a t M in oh ester on th e 9 th fro m
B ru n sw ick w ith 4 ,7 0 7 b ales o f c o t t o n ,h a d b rid g e a n d c h a r t ro o m
d a m n ged , lifeb oa ts an d ra ils ca rr ie d off, h a tch es s tr a in e d a n d
o th e r (inm age done.
D r u m f e l l stea m er ( B r ) , fr o m P e n s a co la J a n . 2 0 fo r B re m e n w it h
6 ,1 0 6 b ale* o f c o tto n , a rriv e d a t P ortla n d , E n g ., F eb . l i , a n d
re p o rts h a v in g en cou n tered te rrid c w ea th er. A ll h er b o a ts a re
g on e, as w ell as h er a fte r w h eel; also had s k y lig h t o v « r o o m p a n l o n w a y and w in ch es sm ashed, d e ck lo a d s h ifte d a n d r a ils a n d
b u lw a rk s started.
K a t y , ship (N orw .), at G a lv e s to n fo r L iv e r p o o l. F ire w a s d is c o v e r e d
FebrO in the c o t t o n sto w e d in th e s te e l sh ip K a ty . She h a d
4 0 ,0 0 0 b u shels o f w h eat a n d a o o u t 5 ,6 0 0 b a les o f c o t t o n o n
b o a rd . T he lire w a s e x tin g u ish e d th e sam e n ig h t. A b o u t 250
b a les o f th e ca rg o o f 5 ,6 0 0 a b o a rd w ere d a m a g ed . I t is n o t
th ou g h t the w h eat in h er h o ld is d a m a g ed . T h e tire was ca u s e d
b y th e d o n k e y engine. T h e loss is estim a ted a t $ 5 ,0 0 0 .
M i a m i , stea m er (A m .) D a m a ged c o t t o n p e r stea m er M iam i, a b o u t 7 4 7
b ales, w as so ld at a u ctio n Feb. 10 a t B oston , a n d a v e ra g e d $ 2 8 a
b a le. T h e s ou n d c o t t o n on a rriv a l w as v a lu e d a t a b o u t $ 3 5 p e r
bale.
M o o r is h P r in c e , stea m er (B r.), fro m N ew O rlea n s fo r A n tw e rp w ith
1 ,3 0 0 b ales o f c o t t o n , has p u t iu to St. M ich a els w ith b oilers le a k ­
in g and vessel d a m a g ed a g o o d d ea l a b o u t the decks.
P o r t P h i l l i p , stea m er (B r.), P a y n e, fro m N ew O rlea u s v ia N o r fo lk
fo r B rem en w ith 5 ,5 6 8 ba es o f c o t t o n , passed P ra w le P oin t F e b .
1 0 and sig n a led she ha d en c o u n te re d s ev era l h u rrica n e s a n d
w a s co n sid e ra b ly d am aged.
W a k e f i e l d , stea m er (B r.;, S a v a n n a h fo r R o tte rd a m and B rem en w it h
4 , 3 '7 b a les o f c o t t o n , p u t in t o D a rtm o u th F eb . 1 1 w ith d e c k
da m a ged.

BREADSTUFFS.

F r i d a y , February 17, 1899.
Business in the market for wheat flour has been quiet. The
home trade as a rule appears to have its wants largely supplied
for the present and the purchases made were confined
to such stock as was needed to keep up assortmentsPrices for supplies on the spot have in some instances favored
buyers but flour to arrive has been fairly well held. The
export demand has been slow. City mills have been quiet
but steady. Rye flour has been quiet and prices have weak­
ened slightly. Buckwheat flour has been dull and without
changes. Corn meal has sold slowly, but values have held to a
steady basis.
Speculation in wheat for future delivery has been only
moderately active. For the near-by deliveries prices sho w
something of an advance on buying by shorts to cover con­
tracts, but the distant months have been without decided
changes. Immediately follow ing our last report there was
a fairly sharp advance in prices for the near-by deliveries.
Stronger cable advices, a light crop movement in the North­
west, reports of crop damage and heavy clearances from
the seaboard stimulated a demand from shorts to cover con­
tracts.
Tuesday
the
Cotton freights at New York the past week have been near-by Monday was a holiday.higher on a prices forfrom
deliveries were again
demand
as toiiows.
shorts to cover contracts, bat the distant months closed
slightly lower for the day under moderate offerings prompted
S atur.
M on.
T u et. W ednet. Thurs.
F ri.
by a large increase in the visible supply and the absence of
a spirited export demand. Wednesday there was a steady
L iv e r p o o l, asked.c.
181
181
191
181
181
market. Thursday free buying by shorts to cover contracts
Do
........... d.
....
....
....
....
further advanced prices. Advices received from the winterH a v r e .................... c.
351
30'
301
301
30
wheat belt as to the effect of the recent storm on the new
B re m e n .................c.
25t
251
251
251
25?
crop have been of a conflicting nature.
H a m b u r g ............. c.
2 7% )
251
251
251
251
The general impression, however, appears to ’ be that no
a
A jn a terd a m ......... c.
27% )
27% t
27% )
27 Li
27^
serious damage was done. The spot market has been firm
R o tte rd a m ........... e.
27ia!
271*1
27% f
X
2 7i*t
27% )
and premiums have widened. Business has been quiet as
S
>
R e v a l, v. H a m b ..c.
401
401
401
401
401
exporters have been only limited buyers- To-day the market
331
D o v . H u l l ...e .
331
331
33)
331
opened slightly higher on stronger foreign aivices, bat dur­
G e n o a .................... c.
2 8 @ 3 0 ! 2 8 ® 3 0 l 28®301 2 8-9 3 0
28t
ing the day gradually sagged under limited offerings and
T r i e s t e ................. c.
351
351
3 5t
351
351
closed slightly lower. The spot market was firm with light
A n t w e r p ...............d.
211
211
21t
2 it
2 1t
offerings for prompt shipment. Sales for export here and at
G h en t, v .A n tw ’ p.d.
27t
271
271
27
271
outports were 324,000 bushels, including No. I hard Mantoba
t C en ts n e t p e r 1 0 0 lb s.
at 8 2 % c. f. o.b. afloat; No. 1 Northern Duluth at83l^c. f. o. b.
L i v e r p o o l .— B y cable from Liverpool we have the folio v - afloat and No, 1 hard Duluth at 89c. f, o. b afloat.
ingstatement of the week’s sales, stocks, &o., at that port,
■a 1 1, V GOOSING PRIOES OP NO. 2 RED WINTER IN N E W Y O R K . .
J a n . 27.
Bales o f th e w e e k ........... b a le s .
O f w h ich e x p o r te r s t o o k . . .
O f w h ic h sp e c u la to r s t o o k .
F o rw a r d e d ....................................
O f w h ioh A m e r ic a n —E stm ’ d
T otal im p ort o f th e w e e k .......
O f w h ioh A m e r ic a n ...............
A m ou n t a floa t.............................
O f w h ic h A m e r to a n ...............

Feb. 3.

Feb. 10

Feb. 1 7

5 3 .0 0 0
7 1 ,0 0 0
6 5 .0 0 0
9 ,9 0 0
4 .0 0 0
6 ,1 0 0
3 ,6 0 0
2 ,8 0 0
1 .0 0 0
1 ,0 0 0
1 ,0 0 0
61,0 00
4 8 .0 0 0
5 9 .0 0 0
9 ,0 0 0
8 ,0 0 0
1 2 ,0 0 0
18.000
7 5 ,0 0 0
6 8 .0 0 0
77.000
7 3 ,0 0 0
1 .7 1 5 .0 0 0 1.7 5 6.00 0 1.7 5 4.00 0 1 .7 8 1.00 0
1 .5 9 9.00 0 1 .6 4 3.00 0 1 .6 3 7.00 0 1 .6 7 1 .0 0 0
1 8 1 ,00 0
116 ,00 0
87.0 00
1 2 1 ,0 0 0
1 6 6 ,0 0 0
1 0 6 ,0 0 0
69.0 00
1 18 ,00 0
2 3 8 .0 0 0
2 4 3 .0 0 0
2 3 5 .0 0 0
2 0 9 .0 0 0
235 ,00 0
1 7 5 ,0 0 0
6 6 ,0 0 0

The tone of the Liverpool market for spots and futures
each day of the week ending Feb. 17 and the daily closing
prices of spot cotton, have been as follows.
Spot.

Sat'day. M on d a y. T u esday. W ed'day. Thursd'y

M a rk et, )
1 :4 5 l*. m .J Harden’^.
M id. U p l’ ds.

3 ll.n

Spee. & e x p .

8 ,0 0 0
1 ,0 0 0

Strong.
3^16
1 0 ,0 0 0
1 ,0 0 0

8 teady.

3% e
1 0 ,0 0 0
1 ,0 0 0

In buyers'
favor.
3’ ie
1 ,0 0 0

Quiet.
3?18

F rid a y .
In buye s
favo .
371B
1 0 ,0 0 0

2 ,0 0 0

500
'•
*

F u tu res.
M a rk et, J Br’ly st’dy Steady at Br’ly st’dy Steady at Steady at Quiet at
at 1-64
partially
1-64 ad­ partially
1 :4 5 p . m . j advance. 1-64® 2-«4 at 1 64
advance. advance. 1-64 dec.
vance.
1-04 dec.
M a rk et, i
4 P. M. J

8 teady.

Quiet.

Quiet but
8toady.

Steady.

Barely
steady

Steady.

Sat.
M on. Tues.
Wed.
T h u rt.
84%
w h e a t f . o . b . ___. . . . 84%
84
85%
b
82%
d e liv e ry in elev.. . . . 81
82%
83%
d e liv e ry in e le v .. . . . 77=4
77
77^3
7 ?5 «
d e liv e r y in e l e v ... . . . 7 6 *8
75%
75%
76%
DAILY CLOSING PRICES OF NO 2 SPRING IN C H I C A G O .
Sat.
M on.
Tues.
Wed.
T h u rs.
M a v d e liv e r y in e le v ... . . . 7 3 %
72%
72%
73%
J n ly d e liv e r y in e l e v ... . . . 7 2 %
71%
7 1 is
72
w

F ri.
85%
83%
77
7538

Cash
Mar.
M ay
J u ly

F ri.
723s
71

Indian corn futures have been quiet. A t the opening of
the week under review there was an advance in prices.
Shorts bought with some freedom to cover contracts, and there
was a fairly good demand from commission houses generally
understood to be on long account, stimulated by a prospective
increased consumption resulting from the severe weather.
Subsequently, however, there developed an easier tone. The
movement of the crop was heavy and there was a large in ­
crease in the visible supply, which induced realizing sales by
longs. The spot market has been quiet and prices have fol­
lowed futures. To day the market was easier, under realiz­
ing sales. The spot market was fairly active and steady.
The sales for export here and at outports were 612,000 bushels.
DAILY CLOSING PRICES OP NO. 2
Sal.
44%
42%
4 2%
OF N O .
Sat.
3 7%
M a y d e liv e r y in e l e v —
J u ly d e liv e r y in e l e v —
37%
Sept, d e liv e r y In e l e v ___ 3 8 %
Cash co r n f. o. b .................
M ay d e liv e r y in e l e v . . . .
J u ly d e liv e r y in e le v .......
DAILY CLO SIN G P R IO E S

MIXED
M on.
t>
»
b
E
d

CORN IN N E W Y O R K
Wed. Thurs.
T u et.
44%
44%
43%
41%
41%
41%
42%
42%
42%
2 M I X E D CO RN IN C H I C A G O .
W ed.
M on.
Tues.
Thurs.
363 4
>»
36%
37
b
3738
3 7%
37%
38
37%
37%
a

.
F ri.
44%
4 0%
4 1%
F ri.
36
3 6%
37

T H E

F ebruary IS, 1898.1

C H E O N IC L K

Oats for future delivery in the Western market have been
qniet. At the opening the tone was steadier in sympathy
with the improvement m other grains. Subsequently, how­
ever, freer offerings prompted by an increased movement of
the crop and milder weather turned the market easier.
Business in the spot market has been fairly active, as the
local trade has purchased supplies with some freedom, paying
steady prices. To day the market was easier in sympathy
with the dec'ine in other grains. The spot market was
firmer owing to light stocks.
D A IL T C L O S W 0 P R IC E S O F O ATS IK N E W

Sat,

No. 2 mixed In elev____
No. 2 white la elev___ _
n » T T .T c L o m s r o

p r ic e s

i f on.

35%
38%
o p

s o

SaL

May delivery In e le v ....
July delivery In elev . . . .

. 2

W ed.

Thun.

F ri

354
36%

354
37

354
374

m ix e d

W on .

23 4 k*
26% -J

o a t s

trouserings and suitings for the new season are still held
largely in reserve, few important lines having been shown
yet. In both overcoatings and cloakings the market rules
quiet and disappointing. There has been a fair business in
blankets at the opening declines noted last week. Flannels
are dull.
Dom estic C otton G o o d s .— The ©snorts o f cotton goods
from this port for the week ending February 13 were 8,893
packages, valued at 1346,553. their destination being to the
points specified in the tables below:

Y O R K .

Tun.

35%
37

13

M l

is

New Y oke

to

1899.

F eb. 13

Week. Since Jan. 1

20
4
2,550
1,450
525
418
22
154
1,591
lt 9

334
93
28,701
*181
6,319
1,893
3,645
735
1.(35
8,547
697

9
52
8,3-11
30S
250
91
350
1< 9
25
466
T7

548
129
14.883
3,067
1,650
2,623
1,571
420
607
5,904
756

6,893

52,653

10,078

32,158
100

52,683
T o t a l.............................. 6,893
• From New England mill point* direct.

10,078

32.258

C H I C iO O .

Tun.

Wed.

Thun.

2*%
2 64

28%
264

23 4
264

F ri

27%
254

Bye has been steaiv and at the close exporters were
limited buyers. Barley has been dull and without changes
Following are the closing quotations:
PUHJK
Patent, winter ___*3 0
F in e...... ............... *2 25 * 2 40
City mills, extras
4 50
Baperllne........... . 2 40 0-2 55
Rye floor, aaperttne 3 15
Extra, No. 2 ............... 26092 75
Buckwheat floor... 175
93
Extra. No. 1 ............... 2SO 10
Corn meal—
Bakers’ extra........ 3 00 93 25
Western, etc____ 2 05
Straights.............
3 40 93 50
Brandywine
2
Patent, Spring----- 4 00 9 4 7 0
____ , |_
[Wheat floor in sacks sells at price* oelow those for barrels

94 15
94 75
93 50
e l 90
92 15
20

1898

Week. Since Jan. 1.

Africa............. .......... ............

Total............................... .
China, via Vauoouver'___

The value of the New York exports for the year to date
has been $1,849,809 in 1899 against $1,146,751 in 1888.
Advances of tjc. to !:[c per yard has been reported in lead­
ing makes of heavy drills and sheetings and in 4 yard
goods. The market is unusually bare of these and still well
sold ahead. In fine yarn light weights prices have advanced
>,c . There has been no change in ducks or osnaburgs
The tendency o f bleached cottons continues against buyers and
further advances in leading makes are looked for. Wide sheet­
Exports of B keadstcffs , P rovisions , Cotton * ni ings quiet but very firm; moderate sales of denines are recorded
Petroleum .—The exports of these articles during the month prices are well maintained. Other coarse colored cottons
of January and the seven months, for the past three yeais firm, and moderate business doing. Cotton blankets in fair
request at recent advances. Kid finished camH
ries firm and
have seen as follow s:
! bC. np. Sile-ias occasionally 1jc. higher. Both fancy and
more staple lines o f printed calicoes are advancing in price,
mv7-96.
Mx?art*
with limited stocks on hand. Fine printed goods strong.
from E* 8. Janmry. 7 JftfnM#. /(MHtiiry. 7 Ha-nth* /onK O F ir. 7
/m . Ginghams of all descriptions are well situated.
Print cloths
are 2t£c. bid for regulars but no sellers. Wide odds
QutntitUJ
W D a*h ItJZI.UZ
10/ll.llW 9U>17,&» ft « U , 7 i 6 W f f f T # 7 3 higher.
L0.79l,»ei» I.MsTU »,0«irt,74«i I M I S 1
k’iOtir.. .& U
&9 . m e t&to
F orkuin Dry Goods.—The demand for dress goods and
UT 7.74^2
i « » 7.6s* U fttO .U S 10a»<Q97(4 «0 silks shows some improvement, and prices generally main­
.ton.
V7.0V.*>2I
Cora., .bojib.
102 21Si.su 10 t o f t . m
tained. Ribbons firm. Linens quiet bat market steady.
CWjWi,C5i.ri*3 u m t .M 4*7a SU 1 7 ,7 4 6 ^ U ta ip s «s .a oa Burlaps strong, with good demand.
0O .7*
Tot.ba«h. 39,48J>
Im portation* and W arehouse W l(lulra w a ll o f Drr flo o d s
Taiuiw.
«
1
•
1
1
»
7,3«3 127.345,VO
yfh'sA floar. n.V*tfi3u\WI&%M 14.«W
.
The importations and warehouse withdrawals of dry gooda
4.&00.3A- 97,9 80 ,25 * at this port for the week ending Feb. 16, 1899, and sinoe
< L - 3hf«3&A&i M19.7S9
J^ 3,10k
Com A m**i
<myt>
1*0,504
af#
.AAA.
W .U3 4.I»V7«
l^ i M
January 1, 1899, and for the corresponding periods of last
0*U& tnoftl.
i.ui.sea
0.02 3 , * 9 »
year are as follow s:
23^431
Bftpiftf. .
tm jo
4i® d
.5W
dl**.l7V
ft, 474,002
w
£
a
a
a
a
a
ar'd«totf*-.. . Si.WMdC lrt-.29rt^l 24d9W
.783
1 7 ,« « l.7 4 * liS.PS.VC !>
»3 2 0 3 5
2 h
»3| 5| S
ui^n.PTP
no.»7.«i7 I 3 fcm ,6 5 rt
G R A IN .

Wheat—
Hard Duluth, No. 1
N’ th’nUalath, No. 1
Red Winter No. 2..
Hard Man., No. 1..
Oats—
Mix'd, per bah.
W h ite................. ..
So. 2 mixed........ .
So. 2 white.
___

o.
o.
874939
8149334
83% 9 8 5 4
614 9 33s
35 9 j 7 4
37 9 4 1 4
35 4 9 3 6 4
37 4 936 4

Corn, per bash *
<
•
>
Western m ixed.. .. 42 945
No. 2 m ixed............... 4 2 4 * 4 5
Western Y ellow ... .. 43"•• 745
Western White . . .
4 3 4 *4 4 'Rye—
Western, per bosh . 60 967
State and Jersey .. ..6 1 4 965
Barley—W estern.........5 5 965
Feeding....................... Nominal

□ottorj
27.<u:,iw
W 570.731 1«0.‘ 09,103
PftC f’mAao 9ybl7.129 31,€«S,4I0
PO
»4,4W,04& 4 .0 » ).M ft 37,273,217
T t V la<». 74.rti44«7 4*5. *-4^*6
A
47S.77S,0iA
194 440,409
* laelmlinzimUtifiaa.l hose# to all taontfe* ata4 T©af».
N ors.—All the Above flvnres are based on the monthly preliminary
M ares issued by the Bureau o f Statistic*. and oover about 98 per cent
of the total exports.
W o t h r r t a b l e , a s a a llv e lv e s b e r s see e a s e 313
ot

,1 ,
^ O O r> S
" V A 'l 9
N rw T o r s . Frjday , P. M.. February 17. 1899
The week opened inauspicious!y. Monday wits observed
»* a holiday and for the greater part of the week the restrict­
ing effects of the heavy snow storm made themselves felt
The past two days have snown resumption of business on a
fnller scale, but the aggregate results in volume of business
transacted make an unfavorable comparison with recent
weeks. This has not affected the attitude of sellers of cotton
goods in the least. Even the reduced demand has
not
led to any accumulation of stocks, supplies
in most directions are practically cleaned up, the
tone continues quite strong, and further occasional advances
in prices have been recorded. There has been a considerable
amount of business turned down where bids have been onlv
slightly under the seller's asking prices, and s Ibo on account
of the latter being unable to give near deliveries in a number
of lines The market for raw cotton is still tending up
wards and furnishes further support to the goods situation.
The jobbing trade has been indifferent, but from incidental
causes, and the outlook is still regarded cheerful by second­
hand distributors. There has been no material change in the
woolen goods situation. Collections satisfactory.
W o o l en G ooixl — The market has been well attended by
buyers this week, but the conservatism of their general oper­
ations has been noticeable. There have been a good n u m ber
of orders placed, but as a rule they have been for little bet
ter than sample quantities. The new lines which h av e been
op-ued during the week have not changed the price situation
to a quotable extent, prices on them ranging abont the same
comparative decline as the earlier openings. Fine grades of

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TH E

3 i2

[Vol. LXVIII,

C H R O N IC L E .

■'

C ity

D tffin w tw ,

= s s o «

748, 751, 753, 756, 760 to 765, 775 to 782 and 786 to 795, all in.
elusive. Interest will cease on above date.

Multnomah County, Ore.—W a r r a n t

C a ll.—

Balph W.

Hoyt, County Treasurer, has called for payment county war­
rants, Class 35, drawn upon the general fund that w ire pre­
sented and indorsed “ Not paid for want of funds ” from Jan.
The I nvestors’ Supplement will be furnished w i t h o u t I, 1898, to Jan. 31, 1898, both dates inclusive. Interest on
tvsira o h a rg e to every annual subscriber of the Commercial these warrants oeased on Feb 6, 1899.
and Financial Chronicle .
Salt Lake City (U tah) School District.—B o n d s R e d e e m e d .
The State and City Supplement will also be furnished —The Board of Education recently redeemed eighteen $1,000
w ith o u t e x t r a ch a rg e to every subscriber of the C hronicle .
5% bonds. These bonds will be canceled and retired.
The Street Railw ay Supplement will likewise be fur­
Schuyler County, Liberty Township, Mo.—Bond C a ll. —
nished w ith o u t e x t r a c h a r g e to every subscriber of the J. W . Payton, County Clerk, has called for payment March
Chronicle.
1,1899, at the Continental National Bank, St. Louis, the fol­
The Quotation Supplement, issued monthly, will also be lowing bonds:
furnished w ith o u t e x t r a c h a r g e to every subscriber of the County bonds Nos. 22, 23, 24. 2S and SO fo r *1,000 each, and Nos. 123 and 124 for
$ 5 0 o each, dated Sept, l, 1892, and subject to call after Sept. 1,1897.
Chronicle.
TERMS for the Chronicle with the four Supplements Liberty Township bond No. 8 tor $5U0.
Seattle, Wash . — W a r r a n t C a ll .—City Treasurer A. H.
above named are Ten Dollars per year within the United
States and Twelve Dollars in Europe, which in both cases Foote has called for payment Feb. 22, 1899, the following
warrants :
includes postage.
__________
TERMS OP SUBSCRIPTION.

Terms o f Advertising—(P er Inch Space.)
Transient m a tte r (eaoh tlm e )$ 4 2 0 |T h ree M on th s
s t a n d in g

B u sin ess

card s.

S ix M on th s

<13 t im e s )..$ 2 9 0 0
(26 t im e s ).. 5 0 0 0

Tw o Months (8 tim e s )......... $ 2 2 0 0 I T w e lv e M on th s (52 t im e s ).. 87 0 0

Gilm an— Issaqunh, Wash — C h a n g e in N a m e .—The State
Legislature has passed a bill changing the name of Gilman,
King County, to Issaquah.
Grand Ledge, M idi.—L i t i g a t i o n .—Suit has been entered
in the United States District Court to recover interest on
water bonds issued September 1, 1896. The city charter
limits taxation to \$ of the total valuation of property ; the
water wofks system up to the present time has not earned its
charges, and out of the \% tax the city has been able to do
but little more than meet its running expenses.
Indianapolis, Ind . — R e d u c tio n in I n t e r e s t .— A bill re­
cently introduced in the House provides for the reduction of
the rate of interest on improvemtnt bonds issued under the
Barrett law from 6 to 5$.
Otero County, N. i l e x . - N e w C o u n t y C r e a t e d .— A bill has
been passed by the State Legislature creating the county of
Otero from a portion of Dona Ana, Lincoln and Socorro
counties.
Scotland County— Richmond County, N. C. — N e w C o u n t y .
—A bill recently passed the House of the State Legislature
creating the county of Scotland out of a portion of Rich­
mond County.
Tacoma, Wash.— W a r r a n t S u i t D e c i s i o n .—On Feb. 4,1899,
Judge Carroll in the Superior Court handed down a decision
in the second (Muhlenberg case) of the eleven warrant suits
growing out of the re-issuance of warrants by ex Treasurer
Boggs, and, as in the first suit (see Chronicle Jan. 14, 1899),
it resulttd adversely to the warrant holdtrs. The Judge in
his decision took the ground that—

Fifth Avenue North—Ordinance Ne. 47v9, warrants Nos. 540, 547, 548. H ow ­
ell Street et al.—Ordinance No. 4*0l warrant No. 380. East Jefferson et al.—
Ordinance No 47r0, warrant No. 605. Twenty-third A venue South—Ordi­
nance No. 4837, warrant No. 730. Lenora Street—Ordinance No. 5000, war­
rant No. 8 9 3 . Dearborn Street—Ordinance No 4999, warrant No. NJ3. First
A venue—Ordinance No. 6003, warrants Nos. 903, v-04. Thirteenth \v»nue—
ordinance No. 5030. warrants Nos. U , 9 3 7 , 9 73 . 974 , 976 , 970, 977. Fourteenth
30
Avenue—Ordinance No. 5037, warrants Nos. 938, 939. 940, 941. 942, Futeenth
A venue—Ordinance No. 5038, warrants Nos. 948, 949, 950. 978, 979.

Bond Proposals and Negotiations this
week have been as follows :
Abbeville, Ala.— B o n d s A u t h o r iz e d b y H o u s e . —Bonds to
the amount of $10,000 for various purpose) aie provided for
in a bill recently passed by the House.
Akron, Ohio. D e s c r ip t i o n o f B o n d s . — I u the C h r o n i c l e
last week we stated that this city would sell $49,100 bonds
about March 18, 1899. Following is a description of the
bonds:
$25,0.0 6£ re fu n d in g bond s, tw e n ty -fiv e in d e n o m in a tio n o f $1,000 and on e o f
#600, all m atu rin g M arch 18,1908.
3,0.0 5% (o r less) M aiden L a n e A lle y im p ro v e m e n t b on d s, in den o m in a tion
o f $1,000 and m a iu rm g o n e bon d ye a rly.
15,000 5$ (o r less) M aple Street im p ro v e m e n t bond s, in d e n o m in a tio n o f
$ 1 ,0 '' and m atu rin g $3,0.0 in o n e year, $3 000 in tw o y ears and $2.0u0
y e a rly th e re a fte r.
5.50C 5% (o r less) C rosby S tre e t im p ro v e m e n t b on d s, in den o m in a tio n o f $500
and m atu rin g *J,000 in o n e year, $1,000 in tw o years, $i,000 in th ree
years and $&00 j early th e re a fte r.

Bonds are all dated March 18, 1899, and interest will be
payable semi annually at the National Park Bank, New York
City.
Albany County, N. Y. — B o n d S a le .— On Feb. 15, 1899, the
$37,00o 4% registered bonds were awarded as follows :
Edw ard J. G a llio n ......... Ifl.bOOOKWOlS E d w a -d J G a llio n ............. *B.OOO@lir86
E dw ard J. G a l l i o n ......... 6,0t)0@107*94 |A lhany Savings B a n k
19,00i @ 114’24

Bonds mature $1,000 yearly on March 1 from 19. 0 to 1917,
inclusive, and $19,000 on March 1, 1918. For further de­
scription of bonds see C h r o n ic l e Jan. 14,1>99, p. 95.
Albany (N. Y.) School D istrict.—No B o n d E l e c t i o n .— I t
has been stated in some of the papers that an electi in would
be held on Feb. 20, 1899, to vote on the question of issuing
$10,000 bonds. In contradiction of the above we are ad­
vised by Chas. W. Cole, Superintendent of Schools, that no
bonds for school purposes will be issued this year.
Allegheny, Pa.—B o n d s P r o p o s e d . —The City Councils hare
under consideration the issuance of $263,628 California Ave.
This case will also be appealed to the State Supreme Court. improvement bonds aud $9,635 Clifton Ave. improvement
bonds.
*
Alpena Mich.—B o n d s P r o p o s e d — A bill will be intro­
Bond C alls and Redemptions.
duced in the State Legislature permitting this city to issue
D .w es Ci nnty, Neb . — B o n d C a ll. —W . F. Hayward, Coun­ $100,000 bonds to construct or purchase a system of electricty Treasurer, called lor payment Feb. 1, 1899, $2,000 county light works. Interest is to be at not more than 5%. The bill
funding bonds.
provides that an election must be held to authorize the bonds.
Denver, Col.— B o n d a n d W a r r a n t C o l l —City Treasurer
Ashtabula (O hio) School D istrict.—B o n d S a le— On Feb.
Paul J. Sours has called for payment February 20, 1899, at 11, 1899, the $7,0 0 4% bonds were awarded to Feder. Hoizman
which time all interest will cease, the following bonds and & Co., Cincinnati, at 10P314. Following are the bids :
warrants •
F eder, H oizm an & Co.,Ciuoin.$7,092 00I F arm ers’ Nat. Bk.. Ashtabulft.$7,<H0 50

A city warrant, l»ke a promissory note, having been once in circulation, the
moment it returns to the maker it has filled its mission; it cannot be sent out
in circulation again. To say that a warrant or note once redeemed could be
again put out into circulation would be in violation o f every law prouibiting
the clrculat.on or paper o f sucb character as money. The laws prohibiiing
transactions o f this character are penal and positive and permit ot no com­
promise c instruction. The reason that an action to have a warrant declared
vtlld cannot bo maintained 11 the warrant has been once in circulation and
redeemed and again re-issued, or put out into circulation, is not only that it
would he in violation o f law prohibiting paper o f such character to circulate as
m oney cut there arc many other good and sufficient reasons. One is that a
warrant or a promissory note is but evidence o f an indebtedness, and the mo­
m ent it is redeemed the debt no longer exists.

The City Treasurer has also called lor payment March 1,
1899, after which time all interest will cease, the following :
BONDS.

8 onth Side Sanitary Fewer District No. 1.—Bonds Nos. 174 to 177, both incluIve.
South Side Sanitary Sewer District No. 2.—Bond No. 10.
Colfax Avenue Paving District ^o. 1.—Bonds Nos. i, b and p .
Fifteenth Street P »vlrg District No. l.—Bonds Nos. 0 to Id. both inclusive.
Nineteenth -treet Paving District No. 2.—Konas Nos. 102 an \ 1U
3.
Larimer Street Paving District No. 1.—Bonds Nos. 95 to 108, both inclusive.
WARRANTS.
East Denver Sidewalk District No. 2.—Nos. 325, 017 and 018.

UpoD request from the holders of any ot the above bonds
and warrants ten days before the expiration of these calls, the
City Treasurer will arrange for their payment at the Mer­
cantile Trust Co.. New York City, but not otherwi-e.
De W itt County, Texas.—B o n i s .Redeemed.—This couuty
has redeemed $30,000 ot her court-house bonds.
Galveston, Texas .— B o n d C a ll .—City Treasurer Ed. Mc­
Carthy has called for payment March 1, 1899. the following
“ forty-year limited debt bonds,” issued in 1881 and sundrj
dates thereafter : Oue-thousand-dollar bonds Nos. 745, 746-

S. A . K eau, u h icago ................ 7,070 00 |N ew 1st N at. B a nk,C olum bus. 7,036 00
D enison, P rio r & Co.. O leve
. 7 <65 udBriggs, T o d d & Co., C in c in ....
7,o?5 00
W . J. H a y e s & Sons, C le v e 7,047 60
Nat. B ank o f A s h ta b u la ....................... 7,012
S eason good & M ayer, C in ctn .. 7,042.85 |
_

BONDS.

Fifteenth Street Paving District No. 1.—Bond No. 5.
Colfax Avenue Paving District No. l . —Bonds Nos. 1, 2 and 3.
WARRANTS.
East Denver Side walk District No. 2.—Nos. 9, 22,42,103,123,124, 131,132.
14«, 210. 217. 218. klO, i 30. 237. 2»U, 3 0, 327, 333, 350, 357. 358, 359, 304, 308, 87<f
443. *61, *52, 463. 454, 465. 460, 491. 49?, 493, 508,510, 611, 531, 54i, 642, 643, 540.
647, 561, 562, 650. 667, 507, 608, 509. 034. 070, 812. 800.
................................

Bonds mature $700 each April 1 and Oct. 1 from April, 1909,
to October, 1904. inclusive. For further description of bo ids
eee C h r o n i c l e Jan. 21, 1899, p. 145.
Atchison, Kan.—B o n d S a le .— Newspaper reports state
that the city has succeeded iu refunding the $192,45 i 1%
bonds maturing July 1, 1898, by a new issue of 4% bonds.
The new bonds were taken by the holders of the old bonds,
Athens, Ala.—B o n d S a le . —This city recently sold at par
to W . J. Hayes & Sons, Cleveland, $6,000 5% 30-year bonds to
. omplete payment on the light and water plant.
Auburu, Ala.—Bonds A u t h o r iz e d b y H o u s e . —School bonds
o the amount of $3,00o have been authorized by the House.
Bridgeport, Coun.—B o n d s P r o p o s e d . —A bill authorizing
bis city to issue sewer, bridge-redemption and street-ioiimovement bonds has been introduced in the House.
B utler County, Ala.— B o n d s A u t h o r iz e d b y H o u s e . —Road
•
epair bonds have been authorized by the House.
Calera, Ala.—B o n d s A u t h o r i z e d b y L e g is la tu r e . —The State
legislature has authorized the issuance of $6,000 bonds by
uis city for the purpose of aiding in the erection of a county
. ourt bouse.
Camden (N. J.) School D istrict.—B o n d S a le. —On Feb. 15,
1899, the $135,000 4% refunding bonds were awarded to Tb#

February 18, 186$,]

T H E

C H R O N IC L E

S )S

Following are bonds to purchase the Marengo Female Institute property,
$25,000 bonds for sewer purposes, and $25,000 refunding
.10 c *317 Camden Safe Deposit k Tr. Co.,.104‘50 bonds,
Lamprecbt Bros. Co., Cleve.
\
.105*08 N W. Harris St Co., New Y ork ....104**1
B. H. Gay A Co., New York.
DeWitt County, Texas.—B o n d I s s u e . —This county has
.105072 1
Denison, Prior k Co^ Cleve.
outstanding $37,385 6* bridge bonds, which will shortly be
The Lamprecht Bros. Co. also bid 107- 15 provided the refunded by 5* 20-year bonds. We are advised that the new
bonds were city obligations. Bonds mature April 1, 1919, bonds will be taken by the county school and court-house
subject to call after April 1, 19 9 For farther description fnnds.
of bonds see C hronicle Feb. 4, 1899, p. 243.
Dothan, Ala.—B
A
y L
,— The
Canton, Ohio .— B o n d O ffe r in g .— Proposals w ill be re­ bond bill introducedo n d sthe u t h o r i z e dof b this e g i s la t u r e passed
in
interests
place has
ceived until 13 m March 11, 1899, oy Louis N. Ley, City the Legislature.
Cleric, for $9,500 refunding coupon bonds. Securities will
Duluth,
i o n .— t has been stated in
be issued in ten bonds, rice of which are to be in denom­ some of theMinn.—N o B o n d E l e c twould Ivote on Feb. 7, 1899,
papers that this city
ination of $1,000 and one of $500, all to bear date of on the proposition to issue $150,( 00 water bonds. In reply
March 1,1899: interest will not exceed f * and will he pay­
able semi-annually at the banking house of Kountze Bros., to onr inquiries we are informed that no such bonds are con­
templated at present,
New York City, or at the office of the City Clerk of Canton,
Edwardsville, Ain. —B o n d s A u t h o r i z e d . - Legislative au­
at the option of the buyer. Principal will mature March 1, thority has been given this place to issue $7,500 bonds.
1909. Bonds are issued pursuant to Section 2701, Revised .
E td o ra (lo w u )
a le
Jan. 28,
Statutes of Ohio, and a city ordinance passed Jan. 23, 1899. 1399, this district School District.— b o n d Sbon.— Onthe First
sold $12,000 4? refunding
s to
Proposals must be accompanied by a certificate o f deposit National Bank, Chicago. Principal matures ten rears from
ftom the First National Bank of Canton in the sum of $500,
and each bidder mast, previous to the time bis hid is filed, r date of issue, subject to call after five years. These bonds
to refund
amount of bonds which
satisfy himself as to the legality o f said bonds and i he pro were issued Interest and same held by the above bank. were
were
ceeding upon which their issue is based, and shall state in carrj ing
El mure Coui ty, Ala.— B o n d s A u t h o r i z e d b y H o u s e , —Bridge
his bid that he has so satisfied himself. The successful bid­ bonds to the amount of $50,000 are provided for in a bill re­
der will be required to fnrnnh b'ank bonds at bis own ex- I cently passed by the House.
pense. Bids must be made on blank forms furnished by the !
Escunabn ( M u l t . ) School District. B o n d E l e c t i o n . —An
City Clerk.
election will be held
place
Canton ( Ohio) School D istrict.—B o n d S a le .— On Feb. 13. '< issuing $15,000 school in this bonds. to vote on the question of
bouse
1819, $23,000 5* school bonds were awarded to the Central j
Eton all Coutily, AI b.— B o n d s Proposed.—Road improve­
Savings Bank, Canton, at 121'875. Following are the bids :
ment bonds are the subject of a bill receut’y introduced in
Prtm. turn.)
Prtmtu tn.
Central Sht . Bank, C anton... |5 031 25 . U ropreeM B n * .C o ., Cloy*?.. f t.i 73 35 the House.
........... 4.HP "5
r > t ? i f ' 1 '7 A
• jik
•
Evergreen, Ala.—B o n d s A u t h o r iz e d b y L e g is la tu r e , —The
W. J Haye* A Son# Clay© ... * .H * 80 i * .
A Co., Ctocifi ... 3.90*) 00
Brlajs, Tod*l A Co. Cioctu.... 4,3126o INew l»t Nat. B’k C
oljgm
fett# 3/277 so State Legis!atuie has passed the bill providing for the issu­
N. W Ilarr>« A Co , Cblcajro,.
Kir*! Nat. Bank. B a rn e y ill©.. 3,1*0 00 ;
ance of $25,000 waterw orks and light bonds.
S e a a o n s i> o < l k M a j t T . C t n c i n . .
( D im e B a r in g s B a n k . C a n t o n .
1 .0 3 5 0 0
Bonds are in denomination of $1,0 0. dated Feb. 13. 139 9 . 1 Fall River, Mass.—B o iid S u le. —This city recently awarded
to Rines & Cummings. Boston, at 108 047, $190.000 4* 10 year
Principal will mature $11,000 in 1918 and $12,000 in 1917.
Chambers (m inty, Ala.—B o n d s A u t h o r i z e d . —The Gov­ municipal bonds and $20,001 i 30 year Sewer bonds. Other
ernor has signed the bill recently passed by the State Legis­ bidders were as follows :
*
Muni ipal Bond*. Stwt’ Bor-tte.
lature authorizing the issuance of bonds.
l>Utm>ok * Co.,
i
1 17*351
Chaunts, Kan.—Bond V o t e d . —On Feb. 14, 1899, by a vote VP. J. Hky©* A B oston............................................ 107 T 8l*
l i 7 *03
ClfVeliUKl .............. ................. 107*. . . . . . . . . . .......... .. 107*317
117*317
of 889 to 37. the citizens of this place authorized the i*sn R. l» Day A OH, BotUin .
Blodtfijt, Morritt it
116*60
ance of $5,000 gas plant bonds. Interest will be at not more N. IV. litm* J Co.,C ., IV\.t. n .......... ........... . .. . )&T%5
fc
New ork........ ......................
100*106
lli*tJ55
than 6*.
Cimarron (K an.) School District.—B o n d s V o t e d . —This | Fresno, l ai . — B a n d E lec tio n . — An election will be held
shortly to vote on the question of issuing $100000 city ball
district has voted bonds for a new high school building.
Clarence, M o,- B o n d B o le . — We are advised that the $5,000 bends and also on the question of annexing certain territory,
8-20 year electric light plant bonds mentioned in the Chros - j with an assessed valuation of about $1,000,000 and a popula­
iclb of Nor. 5, 1898, have been sold to J. D Cleghorn & Co., tion of 2,509.
(llenvllle, Ohio.—B o n d S a le .— On Feb. 6. t899, tbe $30,000
Minneapolis, at 100*12 for 4V£ per cents. Other bidders were
The Noel Young Bond & Stock C o . St. Louis, who bid 5* sewer bonds were awarded to Briggs, Todd & Co,, Cin­
102 40 for 5s ; N. W. Harris & Co., Chicago, bid li 2 30 for cinnati, at 104*450. Following are the bid s;
8s, and Gaylord, Blessing & Co.. St- Louis, offered par for 8s. j Urines. Tod a A C o , CMictti ,| J O # l 7* FoUer, H olm a n & Co.. C m .. s i, 2 » 00
W .H
4 8
r
31.13100
Coffee ( ounty, Ala.— B o n o s P r o p o s e d ,— A bill now' before I ►©nj»on$faji wA U"ii».r G iiko 31 .Ji-*- («> h .»*KierltH»It© \ (7*. tln cln . 0,031 00
hX
J
s i« 43 'iti.
0
w nt Nat. B k
........ ao,*o* 30
the Legislature provides for the issuance of bonds to pay Denison. Prior k Go., ric*r«*.. 3 i,v$ c*) S- A. Kean, chkauto
Lam pr©Gbt
Cow.
. {■1.S43 SO i Gutr, tr.
onbailo
county debts.
Cohoes, N. V.—B o n d s A u t h o r iz e d ,—The Common Council
Bonds mature $10,000 on Oct. 1 in the years 100'. 19 2 and
has instructed the Chamberlain to sell $15,680 50 8)4* 29- 1903. For further description of bonds see Chronicle Jan.
year sewer bonds.
14, 1899. p. 96.
Colorado.—P r o p o s e d R e f u n d i n g of Bends.—A bill re­
tiraham County (K an.) Sc ool Dintri t No. 20 .— B o n d s
cently introduced in the State Legislature authorizes coun­ P r o p o s e d .—A bill now before the House empowers this dis­
ties to refund their outstanding bonds with new issues bear­ trict to issue refunding bonds.
ing 5* interest.
(•ray Comity, Kan . — B o n d s P r o p o s e d —This county seeks
C olum bia! B orough), Lancaster Coa nty. Pa . — B o n d O ffe r­ authority from the Legislature to issue bonds.
i n g Proposals will be received until ft f M March 7, 1899,
.
(freely. Col. — B u n d S a le .—This city has sold an issue of
by C. W . Stevenson, Secretary, for $170,000 8)4* bonds. Se­ $65,000 4)4* refunding waterworks bonds.
curities are issued to refund all the outstanding bonds
Greensboro, Ala . — B o n d s A u t h o r i z e d b y H o u s e . —The
(H 58,900)of the borough and to fund a temporary loan amount­ House has passed a bill authorizing this town to issue $10,ing to $ U ,100, Bonds are iu denomination of $1,000, dated 000 bonds to improve streets.
April l, 1899. Interest w ill be payable April 1 and October l
Hamilton O u n ty (P . 0. Cincinnati), Olilo . — B o n d O ffe r­
at the office of the Borough Treasurer, and the principal will i n g . —Propb-als will be received until 12 at, March 4,1899, by
mature April 1, 1929, subject to call after April 1, 1909, Of the County Commissioners, George C. Zimmerman, Clerk,
the bonds to be refunded $25,(00 do not mature until April for $15,060 3 1 * aqu'duct bonds Securities are authorized
!
1, 1902. but the holders of these bonds have consented to sur- by an Act of the General Assembly passed April 14, 1896,
lender them for redemption. Bonds are exempt from local and bv < resolution of the Baird of County Commissioners
*
and State tax. A certified cneck for 10* of the par value of passed Jan. 28, 1399. Bonds are in denomination of
bonds must accompany proposals. These hoods were adver­ $10), fisted March 4, 1899. Interest will be payable semi­
tised for sale on Feb. 1, 1899, as 3 per cents, but the bids re­ annually at*the office of the County Treasurer. Principal
ceived were not satis factory, owing to the low rate of will mature March 4, 1919,
int- rest.
Propo-als will also be received at the same time and place
Columbus, Mis*.—B o n d S a le .- O n Feb. 8, 1899, the $70,- for $10,000 4* “ Hamilton County Fair Ground Repair and
000 5* 20 year water and sewer bonds were awarded to the Improvement Brnds.” Securities are issued under an A ct of
First State Bank of Columbus,
the General Assembly passe! April 26. 1898, and authorized
onecuh County, Ala . — B o n d s A u t h o r iz e d b y S e n a te .—The by a resolution of the County Board pa-sed Jan 30, 1899.
State Senate has passed a bill permitting this county to issue Bonds are in denomination of $100, dated March 4 ,1899. In­
bonds to build a court bouse,
terest will be payable semi annually, and the principal will
Cumberland County, N. J.— B o w l O ffe rin g .— Proposals mature March 1,1909. A certified check for $100, payable
will be received until 2:30 F, m. March 8,1899, by William to the order of Tilden R. French, County Treasurer, must
O. Gar ison, County Collector, BridgetoD, for $75,000 i% % accompany each proposal.
insane asylum bonds. Securities will be in denomination of
Hampden County, Mass. — T e m p o r a r y L o a n .— We are ad­
$1,000, dated Jan, 2, 1899. Interest will be payable semi vised by Mr. M. Wells Bridge, County Treasurer, that the
annually and the principal will mature $5,000 yearly on Jan. total amonnt borrowed from the Pynchon National Bank,
1 from l&t'3 to 1916, inclusive. A certified check for 5* of Springfield, early this month, was $100,000 at 2*68* interest
the face value of the bonds must accompany proposals. The and $3 premium. In the Chronicle Feb. 4, 1899, we re­
bonds will be delivered to the purchaser, $25,000 on April 1 ported the amount only $50,000 instead of the full $100,000.
and $50,000 on July 1.
Hedgers School District. San Diego County, Cal. — B o n d
Decatur, Ala . — B o n d s A u t h o r iz e d b y H o m e .—The House Bale.—On Feb. 9, 1899 $2,000 8* 1 10 year school bonds were
has authorized the issuance of refunding bonds.
awarded to Isaac Springer, Pasadena, at 103 267. A bid *f
Demopoiis, k \ a .— B o n d s A u t h o r iz e d b y H o u s e .— The House 102*55 was received from He Van & Co., New York. Bonds
has passed bills authorizing the following bonds : $5,500 5* are dated Oct. 4, 1898.
Lainprecht Bros. Co., Cleveland, at 105 377.
the bids:

344

TH E

C H R O N IC L E .

llardln County, Ohio .— B o n d S a le .—On Feb. 10, 1399, the
$15,500 6£ ditch bonds were awarded to Rudolph Kleybolte & Co., Cincinnati, at 1C8-516. Following are the
bids :
Rudolph Ki ybolte S Co..Cin.f10,820 00 |W . H. Dickey & Co., Indianc
New 1m Nat.Bank.Columbus. 16,^00 00
l
apolls..................................... $16,725 00
Lampreckt B'OS. Co., Clevo.. 10,778 00 |First Nat. Bank, K enton...... 10,706 33
Keaton Nat. Bank, Kenton.. 16.772 00 , Fede , Holzman & Co., Cin... 16,700 00
flBMCHlgnnfl & Mayer.Cinclu . 10,746 00 |Briggs, Todd & Co., Cincin... 16.432 00

Principal will mature as follows : $1,500 Jan. 1,1901, $1,500
Jan. 1, 1902, and $12,500 Jan. 1, 1908. For further descrip­
tion of bonds see Chronicle of Feb. 4, 1899, p. 248.
Hartford (Conn.) Southwest School D o-trict .— B o n d s
P r o p o s e d .—This district has petitioned the Legislature for
autnority to issue bonds.
Hidalgo County, Texas .— B o n d s A p p r o v e d a n d S o l d .—
The Attorney-General has approved an issue of $15,500 bonds.
Securities will be taken by the State Permanent School Fund.
Highland Park, Ala .— B o n d E lec tio n A u t h o r iz e d b y
H o u s e —This town will hold an election to vote on the ques
tion of issuing $10,000 street bonds, provided the bill recently
passed by the House becomes a law.
High Point, N. C. - B o n d s P r o p o s e d .—A bill authorizing
this town to issue bonds has been reported favorably to the
House.
Hoosick (Town), N. Y .— B o n d O fferin g .—Proposals will be
recived until 1 P. M Feb. 21, 1899, by William F. Leonard,
.
Town Clerk (P. O. Hoosick Falls), for $14,000 coupon highway
and bridge bonds. Securities will be in denomination of
$500, numbered from 1 to 28, inclusive, and bear date of Feb.
1, 1899; interest payable yearly on Feb. 1 at the First Na­
tional Bank, Hoosick Falls. Principal will mature $2,000
yearly on Feb. 1 from 1901 to 1907, inclusive. Bonds are
authorized by a resolution passed by the Rensselaer County
Board of Supervisors on Feb. 6, 1899, and will be sold to the
parties offering lowest rate of interest and highest premium.
Population of town is about 10,000. Assessed valuation,
$4,653,959; amount of bonded indebtedness at present, $1,500.
The official circular states that the town has never defaulted
on interest or repudiated any issue, and is not engaged in
any litigation affecting any bonds.
Huntsville, Ala.—B i d s .—Following are the bids received
on Feb. 7, 1899, for the $20,000 5% water-works bonds
awarded, as stated last week, to Briggs, Todd & Co., Cincin­
nati, at 112 1275.
UrlKBS T o d d & Co., C incin.. .(22.485 50
F. M . Stafford & Co.. C hat’ga. 22,"20 00
W . R. K ison, H u n tsv ille . . . . 22,200 Oo
W . J. H ayes & Sons. P h ila ... 21,500 00

L a m p reeh t B ro s. Co., C leve. .121,238 no
| Hdw. C J o n e s & Co.. N. V___ 20,900 00
i Paul Speake, H u n ts v ille ....... 2o,900 « 0
|N ew 1st N at. B ’k, C olum bus.. 20,250 00

Indiana . — B il l L im it i n g R o a d D e b t .—The State Legisla­
ture has passed the hill limiting tbe issuance of bonds or
other evidences of indebtedness for the construction of free
or macadamized roads. See Chronicle last » eek, p. 294.
Iow a City, Iowa.—Bonds N o t to be R e f u n d e d .—It has been
reported that this city had received an offer to refund its $48,000 4}4 $ outstanding bonds with 4 per cents. We are advised
that the city has no intention of refunding these bonds.
Kansas City, Mo . — B o n d O ffe rin g .— Proposals will be re­
ceived until March 1, 1899, by George E. Kessler, S cretary
Board of Park Commissioners, for $550,000 1% 1 20 year parkfund certificates, issued ior the purchase of North Terrace
Park.
K ittitas County (W ash.) School District, No. 51 . — B o n d
S a te .—On Feb. 6, 1899, $800 10-year bonds were awarded to
W . D. Perkins & Co . Seattle, at par for
bonds. Bids
were received from W. E. Bell, Spokane, a. A. Kean, Chi­
cago, J. C. Hubbell, Ellensburg, and J. S. Bull, Cortland,

[VOL. LXVIII.

9,000 cffcy-hall bon dg, In denomination o f $225 and maturing one bond yearly.
$4,000 public-bath bonds, in denomination o f $100 and maturing one bond
yearly
4,750 park-improvement bonds, in denomination o f f l l S 75 and maturing one
bond yearly.

All the above bonds are dated Feb. 1, 1899. Interest will
be payable Feb. 1 and Aug. 1 at the office of the City Treas­
urer. A certified check for 5% of the total amount bid, pay­
able to the City Treasurer, must accompany proposals.
Louisliurg, N. C.— B o n d s A u t h o r i z e d b y L e g i s la t u r e .— The
Board of Commissioners of this town have been authorized
by the State Legislature to issue bonds, from time to time,
to an amount not exceeding $30,000 for water, sewer and
electric-light purposes, and for other town improvements, as
well as to refund the outstanding bonded indebtedness. An
election will be held some time in March for the purpose of
snbmitting to the voters the question of issuing such bonds.
Louisiana, Mo.—B o n d s P r o p o s e d . —The City Council re­
cently entered into an agreement with Attorney John W.
Matson to refund $75,000 city bonds with a new issue o f 4
per cents, the attorney to receive 1% commission. It is stated
that owing to the protests of a number of citizens, the Mayor
has called an extra session of the Council, and urged them
to rescind their former action.
Madison, N. J . — T e m p o r a r y L o a n .—The borough recently
sold two certificates of indebtedness, amounting to $5,000, to
the First National Bank of Madison. The loan bears 5$ in­
terest and was made in anticipation of the revenues of the
water and light plant. It is expected that these revenues
(above the cost of operating the plant) will be sufficient to
retire the certificates in the near future.
Mamaroneck, N. Y. — B o n d S a le .— On Feb, 15, 1899, a hid
of 101-62 for 4% bonds was received from S. A. Kean, Chi­
cago, for $3,000 road and bridge bonds of this village. Se­
curities are in denomination of $500, dated Feb. 1, 1899.
Principal will mature $500 yearly on Feb. 1 from 1903 to
1908, inclusive.
Mason City (Iow a ) School D istrict.—B o n d O ffe r in g .—
This district will sell at auction at 8 p. m . March 2, 1899, at
the office of the Secretary o f the Board, $23,000
gold
refunding bonds. Securities are in denomination of $1,000,
dated April 2, 1899; interest will be payable semi-annually
at the office of the District Treasurer.' Principal will ma­
ture April 2, 1909, subject to call after April 2, 1904. A cer­
tified check for $500 must be deposited with the Treasurer
before bids will be received,
Mattoon (111.) School D istrict.—B o n d s V o t e d , —On Feb.
11, 1899, by a vote of 699 to 36, the citizens of this district
authorized the issuance of bonds for school buildings.
Milwaukee, TVis.—T e m p o r a r y L o a n .— The city has nego­
tiated a loan o f $120,000 with the Wisconsin Marine & Fire
Insurance Company Bank.
Moore County (P . 0. Carthage), N. C.—B o n d s to be I s s u e d .
—We are advised that this county will issue $8,000 5% or 6%
refunding bonds. Interest will be payable annually at Car­
thage. Date of sale and other details not yet determined
upon.
Morganton (T ow n), N. C. — B o n d E le c t io n . —A t an election
to be held on May 1, 1899, this town will vote on the question
of issuing the $5,000 bonds recently authorized by the State
Legislature for the purpose of purchasing the plant of the
Morganton Electric Light & Power Co.
Mount Y em on, N. Y.— B o n d O ffe r in g . —Proposals will be
received until 8 P. M Feb. 27, 1899, by the Common Council
.
for $30,000 3(£# sewerage loan bonds. Securities will be in
denomination" of SI,000. dated March 1, 1899, and will be
numbered from 214 to 243, inclusive ; interest will be payable
seini annually at the office of the City Treasurer. Principal
will mature $10,000 on March 1 in the years 1921, 1922 and
1923. Bonds are issued pursuant to Chapter 608, Laws of
1886, also Chapter 182, Laws of 1892. Proposals must be
accompanied by a certified chpck in the sum of $1,000, made
payable to the City of Mount Yernon.
Nebraska.—R e d u c tio n i n I te r e s t . —The Senate has passed
the bill reducing the interest on State warrants from 5 to 4$,
county and municipal warrants from 7 to 6$, county, muni­
cipal, township or school district bonds from a maximum of
7 to o%.
New Brunswick, N. J .— B o n d S a le .—This city has sold
$28,000
sinking-fund bonds to the New Brunswick Sav­
ings Institution and $20,000 o f the same issue were taken by
the Sinking Fund Commissioners. These bonds are issued to
refund $50,000 water bonds maturing March 1, 1899, and will
mature 25 years from date of issue.
New M exico.—B o n d s A u t h o r i z e d b y H o u s e .— A bill has
passed the House of the State Legislature providing for the
issuance of $60,000 4% bonds for the completion of the State
building.
New Orleans(La.) Drainage D istrict.—Bids.—Following
are the bids received on Feb. 8,1899, for the $250,000 5% drain­
age bon ds;

Knoxville, Tenn . — B o n d s P r o p o s e d —The City Council has
under advisement a bill for presentation in the State Legis­
lature authorizing the issuance of $630,000 bonds for the
purchase of the water-works system.
Lakeport (Town), Lake County, Cal.—B o n d O ffe rin g .—
Proposals will be received until 7:d0 p. m. April 10, 1899, by
the Board of Trustees at the office of H. V. Keeling, Town
Clerk, for $15,400 5% gold water-works bonds. Interest will
be payable annually on Jan. 1, and the principal will mature
one bond of $385 yearly on Jan. 1, from 1900 to 1939, inclu­
sive. A certified check for 5% of the amount of bid, payable
to President of the Board of Trustees, will be sequired with
each proposal.
Lausdowne (Borongh), l»a.—Bond S a l e — On Feb. 11,1899
the $15,000 3>££ highway-improvement bonds were awarded
to Sailer & Stevenson, Philadelphia, at 101-79. The Lam
precht Bros. Co., Cleveland, bid 101 045 and the Guarantee
Trust & Safe Deposit Co., Philadelphia, bid 100'25. Othei
bids were received, but not containing guarantee check as
required by ordinance were not considered. Principal wil
mature Jan. 1,1929, subject to call $1,000 yearly. For furthei
description of these bonds see Chronicle of last week. p. 294.
Lawrence County, Ala .— B o n d s P r o p o s e d .— In order thai
this county may issue road improvement bonds, a bill ha;
been introduced in the State Legislature.
M. W . Newman, New O rleans.... 103*53
itropontan t.ank
1,000@101*835
f $25,000(&1C3‘ 2d
Limestone County, Ala .— B u n d E l e c t i o n A u th o i-iz e d bi
i,000® 1
01*71
2&,000@10y*13
1,000® 101*585
n o u s e .—The House has passed the bill authorizing the issu
G erma mia Sav Bank .. S 25,000@10-1 41
an a &av. u a n k ■ * 5,000® 103* 10
cerm
>
1,000@101*46
ance of $100,000 pike bonds, provided the same be favorably
1,000® 101*335
I 50,000® 103*05
A . Myslng.
1,000.0.101*211
voted upon at an election.
1100.0l5
0@103*Ul
1,0('0@101*C84
Lincolnton, N. C.— B o n d s P r o p o s e d .—House bill No. 1153 S. J. P o u rp a rt............... i 10,000® 103*00
l,t,00@100*961
50,000® 101*57
1,000@100*834
recently introduced, allows this town to issue bonds for im Is id o re Newman......... < 50,000®lol*77
( 50,l)00@l 01*37
provements.
E. C h o ssa n lo l.............
25,000@101*30
Long Beach, Cal.— B o n d O ffe rin g .—Proposals will be re
The bonds were awarded to M. W . Newman at 103-51, the
ceived until 7 P. m . Feb. 20, 1899, by Harry Barndollar, Citi price as given last week (100-351) being an error in the tele­
Clerk, for the following 5% gold bonds ;
graphic report.

F ebruary

THE CHKONICLE.

1 8 , 18 9 9 .J

345

Xerr Rochelle,
T.—Loan Authorized by Senate .—The
Putnam, Conn.—Bonds Proposed .—Bonds will be issued
Senate has passed a bill authorizing this village to borrow by this town if the bill now before the State Legislature be­
$100,000 to pay damages arising from tbe change of grade of comes a law.
Rockingham County, N. C.—Bonds Authorized by House.
streets and avenues.
Newton, Jasper Connty, Iowa.— Bond Sale .—This city has —The House has passed the bill authorizing the issuance of
$11,000 refunding bonds by this county,
sola an issue of $16,000 refunding bonds.
Rockingham County, N. H.—Bonds Authorized by Legis­
New Tort City.— Bonds Authorized .—On Feb. 15, 1899,
the Board of Estimate and Apportionment authorized the lature. - The State Legislature has passed a bill authorizing
issuance of $7,673,640 bonds for the acquisition of sites and the issuance of bonds to fund the county's floating indebted­
the erection thereon of school houses. These bonds cannot ness.
Saginaw County, Mich.—Bonds’ Proposed .—It is stated
be issued until the new assessment goes into effect on July
that this county will petition the Legislature for authority
I, 1899.
to issue $100,000 stone-road bonds.
North Adams, Maas. —Bonds Proposed .— A bill recently
Schenectady, N. Y.— Loan Authorized by State Assem­
reported irom the House Committee on Cities allows this
bly .—A bill was recently passed by the State Assembly
city to issue $35,000 refunding bonds.
I authorizing tbe Common Council to borrow $15,000for street
North Andover, Mass.—Bonds Proposed .—A bill author­
izing this town to issue $40,000 54 30-year water-works bonds improvements and $135,000 for the construction of sewers.
Bond Sale.— The “ Boston News Bureau” reports the sale
has been favorably reported in the House.
4
Oneonta, Ala.— Bonds Authorized try Legislature.—A bill of $49,663 44 2S -year (average) bonds to Jose, Parker & Co.,
recently passed by the State Legislature provides for the issu Boston, at 101-773. Following are the bids :
! .Jose, Parker & Co., Boston........ 101*773 I Schenectady Savings B a n k ........ 101*67
ance of bonds by this city.
Opelika, Ala.—Bonds Authorized by House.—Funding j W. J. Hayes A Sons, Cleveland. 161*775 I
Shelby, N. C.—Bonds Proposed .—A bill has been intro­
bonds to the amount of $30,000 have been authorized by the
duced in the State Legislature authorizing this town to issue
House.
Pittsburg, Pa.—No Bonds to be Issued.—It has been re­ | bonds.
Southampton, Mass.— Tem porary Loan .—This town has
ported in some of the papers that the City Councils had
under consideration the issuance of $263,628 bonds for the borrowed $2,500 at %%%. from Bond & Goodwin, Boston.
improvement of California Avenue and $9,635 bonds for tbe Loan was made in anticipation of the collection of taxes and
improvement of Clifton Avenue. Upou inquiry we learn matures Jan. 27, 1900.
Springfield, Ohio.— Bond Offering .—Proposals will be rethat the above is incorrect and that the authorization was by
1eeived until 8 p/sc. Feb. 21, 1S99, by Philip Huonker, City
the Select Council of .JUegheny.
Pleasant Ridge, Ohio.— oonci Offering .—Proposals will be Clerk, for $6,090 28 64 bonds (less any amount that may be
received until 12 m. March 17, 1899. by J. B. Hayden, Village paid by the property owners prior to the time of sale), to
Clerk, tor $7,534 68 54 refunding bonds. Securities are In create a fund to pay the abutting property owners’ share of
denomination of $500 with the exception of one bond for the cost and expense of improving the following streets,
$534 U , all bearing date March 1, 1899. Interest will be pay­ alleys and avenues by grading and graveling the same, viz.:
8
For Plum Ptreet Improvement bond# to the
able annually at the First National Bank, Cincinnati. Prin­ , For Ftrat Alley north o f Lagonda A venue amount o f W.2&7 68. to the amount
Improvement bonds
cipal will mature March 1. 1009. A certified check for $500, o f 1490 80.
payable to the Village Clerk, will be required with proposals. For Bell Avenue Improvement bonds to tbe amount o f $866.
Securities willbe dated Feb. 1, 1899 ; interest will be payPortland, Conn.—Bonds Proposed.—The Finance Com­
mittee of the House is considering a bill authorizing this able March 1 and September 1 at tbe office of the City Treas­
place to issue bonds.
urer or at the Importers’ & Traders' National Bank, New

IN V E S T M E N T S

INVESTM ENTS.
N EW

LOAN.

ADAMS & COMPANY,

R IV E R ,

G O V E R N M E N T,
AND

M U N IC IP A L

R A IL R O A D

BONDS

BANKER8.

$ 2 1 0 ,0 0 0

FALL

INVEST M ENT S.

DE A LER S IX

C.

H.

W H IT E

M ASS., I N V E S T M E N T B O N D S

&

C O. ,

B A N K E R S,

Msmr>«»r* of Boifoo rttock BxoQ*n#s-

31 N A S S A U S T ., N E W Y O R K .

4s.

N o. 7 I ..o g r e s s a n d 31

S ta te

s tre e t*

AGENTS f O B T H E

BOSTON.

8190,000 Dae F eb. 1, 1909.

A N O L O -A M E R I C A * It A X K , L td .,

20,000 Due F eb . 1, 1929.

C h a rtn ff C ross, L on d on .

Legal for New York and Massachu­
setts Savings Banks.

E D W D . C. JONES & CO
DEALERS IN

M u n icipal,

RINES

&, CU M M ING S,
40

S tre e t R a ilw a y and Gas

BONDS.

W a te r S tre e t,

B O S T O N ,

-

R ailroad

XI A S S .

Individual Accounts received subject
to check at sight in London.
Cable Transfers.
M A S O N ,

L E W IS

&

C O .,

It A N'K B U S .

NEW YORK
l NASS AC STREET.
PH ILA D E LPH IA - *21 CHESTNUT ST.

6 0 D ev on sh ire S treet, Boston,
1 7 1 L a S a l l e S t r e e t , C h ic a g o ,

H IG H

GRADE

OFFER FOR SALE:

State, Municipal, County, School

W h a n n & Schlesinger,

B O N D S .
Inrwtm enU for SaTlogj BanAa In New Vor*

and ail Nevr England.

R u d o lp h

K le v b o lte

&

M U N IC IP A L

K c n o C o u n t y , K a n s a s ..................................... 4 U »
P a l e s t i n e , T e x n * ................................................, $ i
J o l i e t G a s Co.* J o l i e t , I I I ................................j f i
S o u th O m a h a , N e b ..........................................
6s
B a y fie ld C o u n t y , W f s ......................................
And Other Desirable Securities.

BONDS,

C o., 71 BROADWAY, NEW YORK CITY

B A K K E E S ,

M U N IC IP A L

A L W A Y S ON HAND.
Send f o r o a r Invetd in c u t Circular.

So. t Nn.m ii street, New York.
■i i n ml W n l n n , f* e re e t», C in c in n a t i. 0 ,

U *T S

91A 1X 8 0 UPON A P P L IC A T IO N .

F red.

M .

S m ith ,

DUKE M. FARSON. Banker.
Municipal Bonds.

I S i l D e n rb o rw S i r e e f .

CH ICAGO.

7 0 SOUTH STRE ET.

A U B I JU S,

B l o d g te t ,
;

M e r r itt &

C o .,

B A N K E R S
16

Conorress S tre e t, B oston
W n||

N ew Y o rk .

STATE, CITY A RAILROAD BONDS

BONDS.

Securities Netting: from %% to Q%

A actlon eer,

M

A p p rn lu rr

W
and

YOU K ,
N ea rotln ior

Makes *8j>ectftltr o f Selling URAL ESTATE and
?or
*4V IvK -irl.
Mikes*SnwSiOly nf Selllns riecnrlttea for MUNIC­
IPALITIES and CORPORATIONS, that ro'inlra
#*t«n*lTe advertising for purchaser*.
Makes a Specialty o f N EOOTIATJONS for TI T K 1
PROI'KRTV, “ K i 'n i l M . LEASES, APPRAISING
rUHNTSHlNGS. BUYING and SELLING.
Business connections with Syracuse. Ileadqnar
«rt. Yates Hotel.

M .

A .

D e v itt

&

C o .,

M U N IC IP A L BONDS.
P l r .t N a tio n a l D a n k D u t i d ln g .

C H IC A G O .

THE CHRONICLE.

346

York City. Principal will mature in five equal instalments
on February l from 1900 to 1904, inclusive. Bonds are to be
issued and sold pursuant to Chapter 4 of the Seventh Division
and Chapter 2 of the Ninth Division of Title xii., Revised
Statutes of Ohio, and a city ordinance passed Nov. 15, 1888.
Sumter County, Ala.—Bonds Proposed.—'The House has
under consideration a bill providing for the issuance of roadimprovement bonds.
Tarboro, N. C .-B o n d s Proposed.— Water works, sewerage
and electric-light bonds are provided for in bills recently
introduced in the House of the State Legislature.
Tom Green County, Texas. Bonds A pproved. —The At­
torney-General has approved an issue ot $16,000 refunding
bridge bonds.
.
Valdosta, On.—Bond Election Proposed.—The Board of
Aldermen has under consideration a resolution calling an
election to vote on the question of issuing sewer bonds.
Warren, R. I. —Bonds Authorized by Senate.— A. bill re­
cently passed by the State Senate permits the issuance of
bonds by this town.
Washington.—W arrants Authorized by Senate.—The State
Senate has passed a bill authorizing the issuance of war­
rants by the State Capitol Commission. Warrants will bear
interest (guaranteed by the State) at not more than 5%.
Waterbury, Conn.—Bonds Proposed.—In order that this
city may issue $100,000 funding bonds, a bill has been pre­
sented in the State Legislature.
W'atertovrn, Mass.—Bond Offering.- Proposals will be re­
ceived until 12 m. to day (Feb. 18, 1899), by S. S. Gleason,
Town Treasurer, for $270,000
coupon water bonds, ciecurities are in denomination of $1,000. Interest will be pay­
able Jan. 1 and July 1 aDd the principal will mature $9,000
yearly on Jan. 1 from 1900 to 1929, inclusive.
Waukesan 111.—Bond Sale.—'This city has sold $4,000 5%
5 10 year (optional) bonds to the First National Bank of Wau­
kegan at par. Mr. Henry Thacker, City Clerk, writes us
that the bonds were sold at this price, as the bank gave up
to the city other bonds bearing 5# interest, but which are
not yet due.
Weeliawken (N. J.) School District.—Rond Offering.—
Proposals will be received until 8 p . m . March 1, 1899. by C.
Roehr, District Clerk (Station 1, Hoboken), for $15,000 4#

[Vol.

bonds. Securities are in denomination of $1,000. Interest
will be payable semi annually at the First National Bank of
Hoboken. Principal will mature 15 years from date of is­
sue. A certified check for 1% of the amount of bonds bid
upon, payable to the District Clerk, must accompany pro­
posals.
Westboro, Mass.—Notes A uthorized.— This town has au­
thorized the Treasurer to issue $5,000 bonds to fund a part of
the floating debt. Notes will mature $3,000 in 1904 and
$2,000 in 1905.
Windham County, Conn.—Bonds Proposed.—That this
county may issue bonds a bill has been presented in the
House.
Woodson County, Kan.—Bond Sale.—On Feb. 8, 1899, the
$30 0 0 5% court house and jail bonds were awarded to Spitzer
0
& Co., Toledo, at 102-203 and blank bonds. Following are
the bids :
o le d
& Co
..............................$30,200
t .ttzer & Co.,&TSons,o................. $30,6611 Cahilll-' oung Bond & Stock Co.
J. Hayes
Cleveland. 30,661 N o e
Denison, Prior & Co., Cleveland. 30,400 | St. L ouis..................................... 30,160
Lamprecht Bros. Co.. Cleve...... 80.&98 . Little Bros. & Co., St. Louis. ... 80,160
Trowbridge, McDonald & Niver
Co., Chicago................................ 30.226 |

Bonds mature $5,000 Jan. 1, 1900, and $2,500 every six
months thereafter.
Wyandotte County, Kan.— W a r ran ts P roposed.—A bill
has been introduced in the State Legislature authorizing the
issuance of $75,000 warrants for the improvement of the
court-house.
York (Pa.) School District.—Bond Sale.—On Feb. 1,1899,
W. J. Hayes & Sons, Cleveland, were awarded $27,000 4£ 25year bonds at a little over 106.
Zanesville, Ohio.—Bond Offering.— Proposals will be re­
ceived until 12 M March 1, 1899, by Charles N. Bainter, City
Clerk, for the following 5% improvement bonds :
$4,n50 Forest A ve. paving bonds.
260 Ashland A ve. paving bonds.

INVESTMENTS

R U T L A N D R A IL R O A D 0 0

State,
County,

DDE J U L Y 1 S T , 1 9 4 1 .
F u ll descriptive c ir c u la r on application.
E. H . R O L L I N S

&

SONS,

M IS C E L LA N E O U S .

FLA N D RA U

City,

S ch o ol ,

B R IG G S . T O D D

S E C U R IT IE S

&

C O .,

C IN C IN N A T I, O H IO.

L a m p r e c h t B ros. C o .
C enturF B uilding. C L E V E L A N D , OH IO,

BANK A N D

TR U ST

BONDS.

y ea r

&

Co.,

N EW Y O R K ,
35 Nassau St.

T R O W B R ID G E ,

Ma c D onald
So N iver C o .

W estern M ortgage Loans,
R.

J.

W ADDELL

M

Iaformation given and quotations furnished con­
cerning all classes o f stocks and bonds that hav a
Cleveland market

Located In the W eat since 18 7 2 ,
and having had large experience In
THE

M U N IC IPAL BONDS,

IN V E S T M E N T C O M P A N Y ,

OF O T T A W A , K A N S A S .
Oilers Special Fuel lit lea for the care and collec­

1st Nat. Bank Bldg.

N E W ENCLAND LOAN
So T R U S T CO.

M U N IC IPAL

tion o f the Securities o f the

Have received for collection about 12,000.000 ol
the securities o f the following companies: Eqaita
ole Mortgage, Lombard, Western Farm Mortgage,
and Jarvis Conklin. Send for c irc u la r giving de­
tailed statement o f what we have accomplished.
„
(Im porters’ & Traders’ Nat. Bank.
R kfehekcks : <
New York City.
( Mercantile Trust Co., Boston, Mass,
and many others East and West.

We Buy and Sell Municipal Bonds
from Southern and Western States;
also Guaranteed Railroad Stocks.
B O SE N R E R C E R A L IV E R R O R E ,
(Specialists In Texas Securities),

40 W a ll S treet,

-

and

C O U N TR Y *

F. R . F U L T O N & CO.,

LISTS SENT UPON REQUEST.

27th

T O W N

U N E Q U A LE D A S S O R T M E N T S
O F H IG H E S T G R A D E
C O M P R IS IN G A L L S T Y L E S .
L O W E S T P R IC E S F O R Q U A L I T Y ,

MUNICIPAL, RAILROAD,
STREET RAILWAY & CORPORATION

LISTS MAILED ON APPLICATION.

C H IC A G O .
10 0 D earborn S t.

For

A good stock o f second-hand vehicles, repaired in
our own factory fo r sale at reasonable prices.

FUNDS.

Farson, Leach

2d, 3d & 6th Ave. L
at Grand St.

DEALERS IN

SUITABLE FOR

S A V IN G S

Just East o f Broadway.
4th A ve. electrics pass door.

E leg ant C arriages

THE

P U B L IC

& CO .,

372, 374, 376 BROOM E ST.

Bonds.

10 M ilk S tre e t. Boston. M ass.

I $3,900 Luck R oad paving bonds.
| 9,000 Lee Street paving bonds.

All the above bonds are dated March 1, 1899, and mature
one-fifth of each series yearly. The amount of the above
issues may be reduced by payment of assessments prior to
date of sale. Interest will fall due March 1 and September 1
at the City Clerk’s office. A certified check on a national
bank for $500 must accompany proposals.

IN V E S T M E N T S

First Consolidated Mortgage
Gold Bonds,

Livm.

New Y o rk .

• - CHICAGO

B onds,
LA SALLE STREET,

unicipal

171

C H IC A G O .

W. D. Van Vleck,
$5 N A SSA U S T R E E T , - - NEW Y O R K .
M U N IC IP A L

BONDS.

M U N IC IP A L

BONDS.

.. C. STANWOOD

So

Co .

BAN KERS,

BONDS.

I2 I D evon sh ire 8 tr e e t,

John

N uveen

IN VESTM EN T

&

C o .,

_____________ B O S T O N . _____________

B A N K E R S,

1st National Bank Building, Chicago.
Correspondence solicited.
R eferen ce, F irst N a tio n a l B a n k

C hicago.

W A N TED :
M U N IC IP A L BONDS,
M U N IC IP A L , S T A T E or
COUNTY W A R R A N T S,
R A I L R O A D BONDS.
Investment Securities Bought, Sold or Exchanged.
W ILLIAM E. NICHOLS. IB W all Street. New York.

C A S H P A ID F O R
K a n s a s M un icipal Bonds in d efau lt.
W ich ita M ortgages, d e fa u lt or not,
W ic h ita or S ed gw ick Co. R e a l E sta te ,
F oreclose M ortgages, etc.

DEAN

G O R D O N , Financial Broker,

W IC H I T A , K A N S A S .

S. A . K E A N ,
M U N IC IP A L AND O T H E R
S E C U R IT IE S ,
1 3 2 L a S a lle S tre e t, C hicago.