Full text of Commercial and Financial Chronicle : February 3, 1900, Vol. 70, No. 1806

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.

pnanrial
flmiitfiti^'^
[Entered aooording to Act of Congress, In the year 1900, by the William B.

VOL

Dana Oompant,

SATURDAY, FEBRUARY

70.

3,

In the office of the Librarian of Oongresa.]

NO. 1806.

1900.

CLEARING HOUSE RETURNS.

The week's total for all cities, shows a loss of 25-4 per cent
The increase over 1898 is 21*8 per cent and the
1899.
from
For the month of January the clearings compare unfavorincrease over 1897 is 74*6 per cent. Outside of New York the
ably with a year ago. In the aggregate for the whole coundecrease compared with 1899 is 3 '3 per cent, the gain over
try the decrease from 1899 reaches 10 -S per cent, but outside
1898 is 2S'7 per cent, and the excess over 1897 reaches 60"6 p. c.
of New York there is a gain of 5'6 per cent.
January.
1900.

P.Gt.

1899.

W»ek. ending Jamuary 27.
1898.

CUaringa at—

1897.

1900.

New York
Phlladelpbia
Pittsburg
Baltimore
IJnffalo

Washington
Rochester
Syracuse
Scr n'on

Wilminston
Binghamton
Total Middle
Boston
Providence
Hartford

,

New Haven

Worcester
Portland
Fall River

Lowell

New Bedford
Bng

589,231,064
72,512,200
40,170,911
49,060,510

Cincinnati
Detroit
Cleveland

Milwaukee
Columbus

2.*,465,723

23,400,400
14,890,043
9.106,700
11,082,693
6,261,551
5.342,290
4.808,700
1.571,548
2,030,001
2,103,557
1,858,100
1,817.934
1,593,203
1,297,519
1,325,611
1,236,163

Indianapolis
Peoria

Toledo

Grand Rapids
Dayton
Evansville

Youngstown

.

Springfield, Hi

Lexington

Akron
Kalamazoo
Saginaw
Rockford
Springfield

Canton
Tot. M. West
San Francisco
Salt Lake City
.

870,166,421
83,015,149
10,048,666
7,849,279
10,309,559
7,981,110
5,000,000
4,103,841
2,800,000
2,041,085
719,195
133,867.884
58,109,585
43,299,744
26,755,128
22,445,392
21,134,801
16,105,636
6,465,875
3,681,311
5,851,916
2,930,537
2,311,600
630,002
751,704
210,473.231
145.328,098
53,436,125
43.185,957
16.758,900
17.106,989
19,203,701
15,474,788
13,202,671
8,995.994
6,896,840
6,609,744
5,512,677
2,592,447
4,772,608
3,972,275
3,497,000
2,355.339
1,700,000
1, 187,470

Portland

Los Angeles
Seattle

Spokane

Tacoma
Helena
Fargo
Sioux Falls
Total Pacific
Kansas City
Minneapolis

Omaha
St.

Paul

Denver
Joseph
Des Moines
Davenport
Sioux City
St.

Topeka
Wichita

Fremont
Hastings
Tol.
St.

oth'rW

Louis
Orleans

New

Louisville

Galveston

Houston
Savannah
Richmond

Memphis
Atlanta
Nashville

Norfolk

Augusta
Knoxvilie
Fort Worth

Birmingham
Macon
Little Rock
Chattanooga
Jacksonville
Total South-..
Total all

Outside N.
Montreal
Toronto

Winnipeg

..

T

:...

Halifax

;.."

Hamilton
Pt John
Victoria

...

Vancouver
Tot. Canada

20,615,.334

+13-2

9,961,847 4-19-0
8,744,833 10-1
5,443,769 11-4
4,477,201 -I-22-1
17-6
3,671,397
1,805,300 4-15;5

5,367,185,237 6,365,700,934 -15-7
591,846,945 611,203,614 -3-2
30,934,500
28,729,400 :+?•
13,665,859
13,958,616 -21
7,760,843
9.080,888 -14-5
6,683,556
7,763,148 -13-9
6,083,731
8,849,758 —27-1
5,521,591
6,839,944 -19-3
3,932,715
4,789,976 —17.9
2,581,653
3,481,420 -25-9
^2,0^58^97
2,929,178 29-7
671,069,990 697,125,942 -3-7

Springfield

Total N.
Chicago

4,681.579,395
417,944,38a
129,673.835
92,335,216
23,336,366
11,853,972
9,626,885
6,065,611
5,468,480
4,316,095
8,085,000

$
5,690,749,776 -18-0
415,698,776 +0-1
97,555,952 +32-9
106,976,749 -13-7

'.'.'.'.'.

3,690,282,724 2,589,347,332
326,703,068
264,797,165
80,277,052
66,010,247
82,652,544
65,609,153
19,004,716
16,908,051
8.412.415
8, 179,403
7,607,620
6,622,345
4,882.086
4,479,973
4 810,982
3,716,842
3,195,333
2,809,182
1,535,300
1,40 4,900
4,229,363,840 3,029,885,593
508,265,978
423,283,814
24,961,100
27,323,800
13,447,t
12,637,386
7,312,823
6,999,752
7,205,027
6,405,206
6,799,367
6,031,401
6,261,231
5,504,737
3,921,326
3,846,299
3,802.496
2,828,735
2,058,793
2.633,945

584,036,040
428,680,998
57,410,150
31.314,829
30,941,172
23,295,069
19,245,700
11,122,429
7,530,810
8 106,229
4,530,869
3,282,554

4-5-6

-3-1
4-8-4

28-9
13-4
14-3
--2i-8

636,287.525

477,450,685

65,466,574
7,135,973
7,520,506
6,049,099
5,673,019
3,152,780
3,746,274
2,000,000

55,916,432
5,559,516
5,214,740
4,188,316
1,855,616
2,245,598
1,694,250
2,202,742
553,596
193 ,050
76,623,856

44,836,724
25,046,250
17,738,900
12,624,737
10,991,083
5,475,867
4,749,697
2,236,489
1,674,729
1,958,623
1,394,686
240,549
385,990
129,352,224
113,589,316
45,568,487
28,330,672
13,383,250
11,864,222
12,063,089
11.129,337
8,877,104
7,044,704
4,941,352
3,934,715
3,587,733
1,971,088
3,040,050
1,684,269
2,741,000
1,335,819
1,179,380
1,078,534

3124^83,583
277,334,021
6,015,319;281 4,500 ,341,454
2,325,036,557 1,910,994,122
80,334,793
43,577,931
37,836,956
31,117,314
6,347,168
5,009,819
5,009,280
5,135,399
3,028,094
2,863,352
2,417,677
2,559,002

4-0 8
4-29-8

4-4 -2

l^" Table Clearines by Telegraph on page

Philadelphia...

Pittsburg

Baltimore
Buffalo

Washington....
Rochester
Syracuse
Scranton
Wilmington.....
Binghamton....
Total Middle.

,

Boston
Providence
Hartford

New

.....

Haven.....

Springfield

Worcester
Portland

,

Fall River

Lowell

New

,

Bedford..,

Tota

New Eng.

Chicago
Cincinnati
Detroit

Cleveland

Milwaukee.

Columbus
Indianapolis

Peoria
Toledo

Grand Rapids
Dayton
Evansville

842,652
868,043
789.617

5,628,304
4,460,705
3,702,733
2,205,345
3,593,428
2,182,040
2,844,000
1,783,155
1,456,101
996,319

New York

Youngstown
1,490.110
1,114,700
1,145,275
1,023.377
095,492
812,490
658,604

974,696
514,878
102,234,249
44,337,557
32,651,854
22,957,090
16,611,654
12,190,327
6,556,906
4,758,595
2,531,081
3,228,428
2,172,693
2,053,546
455,879
408,434
150,914,044
125,625,838
52,910,144
29,955,208
14,565,950
13,780,217
13,104,181
11,288,828
15,021,871
7,409,216

109,705,969 -1-22-0
46,691,540 4-24-5
42,007,645 4-3-1
30,516,267 -12-3
19,332,180 -t-16-1
13,924,191 4-51-8
10,459,607 4-54-0
9-3
7,13i,629
2,949,944 -t-24-8
3,923,628 4-49-1
2,578,104 4-13-7
2,0a8,710 -1-10-1
539,587 -1-16-9
565,741 -I-33-9

- 10-2

497,495,075
318,446,097
49,790,300
23,094,817
26,390,551
19,779,068
14,694,250
9,294,851
6,457,158
5,746,957
3.377,272
2,639,316

1.33(),99i

1.483,524
1,893.401
1,234 200
1,317,306
1,066,982

67,333,931 -f-23-3
11,101,069 -0-6
7,504,118 -H"6
7,113.623 -H4-9
5,026,965 58-8
4,428,893 12-9
3,082,407 33-1
2,239,926 4-25-0
1,376,180 4-48-3
498,857 44-3

371,789^67^
7,621.558,434 8,493,060.012
2,959,973,039 2,802,310,236
62,853,000
64,850,108
45,114,610
42,388,739
9,900,607
7.683,052
6,707,487
5,913,095
3,742,004
3,274,259
3,033,898
2,470,168
2,704,318
2,700,002
3,168,201
2,441,194
137,230.125
131,720.61';

1900.
P. Gent

1898.

1897.

825.018,146
72,819,384
18.849,702
16,498,754
4.140,129
1.805,202
1,607,526
928,813
1,160,055
657,510

526.710.070
53,722,288
13,618,912
13,061,075
3,451,041
1,569,105
1,219,390
746,176
822,582
682,669
256,900
614,761,098
83,695,396
4,489,900
1,874,002
1,217,165
1,262,344
1,119,303
1,103,360
795,776
573,386
495,825

$

552,231,171
66,302,800 l-i-9-4
35,880,150 -t-13-0
41,758,708 +17-5
24,950,567 4-18-1
22,720,700 -1-3-0
13,907,785 4-7-1
8,047,722 -I-13-2
8.453,579 -t-31-1
4,777.249 4-31-1
4,112,047 4-29-9
2,996,840 4-60-2
13-1
1,389,862
12-7
1,801,889
1,659,116 -1-26-8
1,637,800 --13-5
1,558,505 --16-6
1,396.802 4-14-1
1,056,757 •22-8
1,014,235 30-7
888.964 39^2
798,543,248 -(-9-0

182.719,173 -f-15-2
143,657,927 +1-:2
4-0-15
53,144,03
35,116,509 -(-S3-0
16,204,500 4-3-4
28-2
13,347,741
12,563,489 X.52-9
1-1
15,643,651
10,994,267 4-20-1
11-1
8,093,041
6,162,147 11-9
5,310,186 24-4
3,542,234 4-55-6
2,276,472 --13-9
4,339,141 --10-0
2,265,831 - -75-3
2,433,000 --43'
1,680,163 4-40-2
18-3
1,438,792
1,053,617 4-12-7
339,264,746 4-9-6

1899.

Springfield, 111....

Lexington

Akron
Kalamazoo
Saginaw
Rockford
Springfield, Ohio.

Canton
Tot. Mid. West'n
San Francisco
Salt

Lake City

Portland
Los Angeles
Seattle

Spokane

Tacoma
Helena
Fargo
Sioux Falls
Total Pacific

Kansas City
Minneapolis

Omaha
St.

Paul

Denver
Joseph
Des Moines
Davenport
St.

Sioux City

Topeka
Wichita

Fremont
Hastings
Tot. other West,
St. Louis

New

Orleans

Louisville

Galveston

Houston
Savannah
Richmond

Memphis
Atlanta
Nashville

Norfolk

Augusta
Knoxvtlle
Fort Worth

Birmingham
Macon
Little Bock
Chattanooga

Outside N. York.
Montreal
Toronto

Winnipeg
Halifax

Hamilton
John..

Victoria
90,262,817

Vancouver
Total Canada....

ai4

134,270,232
120,729,188
15,013,100
8,146,028
10,164,610
6,288,611
4,956,200
2,925.108
1,747,938
2,016,605
1,246,084
1,140.146
905.851
322,046
393.564
437.640
369,300
297,695
293,450
292,756
267,165
216,553

178,169,638

155,944,001
130,757,142
13,339,750
6,853,065
8,507,756
5,147,843
4,828,000
2,804,145
1,677,409
1,722,201
1,021,036
920,975
656,752
341,377
373,814
250,692
899,500
339,871
278,644
234,967
182,133
178,216

15,347,631
1,971,307
1,551,130
2,143,016
1,834,329
972,526
910,396
695,180
275,019
198,266

180,831,288
13.401.923
2,946,581
1,450,026
1,454,198
1,239,049
1,017.004
767,326
459,687
313,840
120,000

25.898.800
12,523,777
8,468,714
5,510,808
4.210,377
4,312,905
3,000,000
1,296,958
573,319
1,006,842
646,626
492,484
135,000
137.321

23,169,633
10,892,740
9,630,616
7,035,104
4,446,001
2,751.664
2,268,177
1,540,624
667.569
886,003
567,569
480,676
115,129
127.632

42,314,131

41.309,348
31,517,078
11,679,826
7,563,679
3,506,800
3,418,070
3.264,767
3,129,492
2,327,429
2.032,132
1,220.002
1,236,055
1,018.549
519,104
941,430
620,727
P38,000
334,257
307,433
226,755

29,356,416
12.910,158
9,742,352
4,231,500
4,468,72
4,000,000
3,439,439
2,669,272
1,911,960
1,240,611
1,409,964
1,429,350
621,483
1,020,242
800,000
852,000
466,653
388,738
275.853

Jacksonville
Total Southern..
75,301,585
81,104,618
Total all
1,595.449,743 2,139.218,284

St.

114,973,968

972,111,858 1,494,429,885
98,049,647
107,126,018
32,110.200
22,503,891
18,527,420
27,229,398
4,953.645
4,562,192
2,292,622
2,072,778
1,899,457
1,705,970
1,130,154
953,404
1,238,400
997.918
973,621
730,875
405,300
350,100
1,133,692,324 1,662,662,429
119.074,873
137,388,619
5,985,300
6,127,300
2,363,120
2,577,556
1,672,786
2,024,130
1,301,706
1,662,515
1,175,791
2,138,194
1.000,120
1,509,581
821,590
923,542
474,884
949,515
400.C62
643,049

623.337,885
13,448,918
8.430,153
1,952,033
1.241,928
730,250
549,595
575,721
615,195
27,543.793

644,788,399
18,019.119
9,081,711
1,642.095
1,075,727
686,816
574,295
576,355
533,198
38,219.016

—35-0
-8-5
4-42-7

-32-0
4-8-6
4-10-6
4-11-4
4-18'6
4-24-2
4-33-3
4-15-8

-31-8
-13-3
—2-3
-8-3
-17-4
-21-7
—45-0
-33-7
—11-0
-50-1
-37-8
—13-9
—7-7

^260,500

943.745,731
100.210.848
4,600,100
2,059.499
1,556.331
1.459,400
1.378,684
1,164,907
863,236
667.883
422,055

4-12-5
4-18-9
4-31-2
-h22-2
4-2-7

114,382,943
87,028,118
11,214,200
7,218,265
6,534,170
5,092,516
4,551,600

4^*3

2,232,6:^1

4-4-2
4-17-1
4-22-0
4-23-9

1,461,298
1,591.469
905,235
66^,656

96,626,457
67,796,316
10,724,600
4,295,846
5,484.592
3,676,105
3,172,500
1,702,773
1,421,452
1,274,507
567,042
537.705

4-37 9

-5-7
4-5-3
4-76-4

—7-1
-12-4
4-5-3
4-24-7
4-46-7
4-21.5

—1-5

259,492
307,564
304,451
272,000
246,218
290,000
277,401
152,340
147,630
130,703,244
13,892.258
1,482,628
1,385,901
1.140,624
1,868.339
651,074
846,048
450,000
179,280
114,403

22,010,555
9,965,774
6,987,006
6,184,950
3,600,485
3.077,798
1,280,247
917,661
495,609
784.757
467,956
452,569
83,708
105,832

4-24

-8J
4-105
4-28-8
4-20-7

4-307
4-22-5
4-9-9
4-10-4

-6-0
4-1-7
4-14.0
4-40-8

4-19 7
4-8-4
4-53'6
4-58-4
4-39-6
4-16 7
4-21-7

4-7-7

-25-4
-3-3
-25-4
-7-2
4-18 9
4-15 5
4-6-4

-^•3
-0-1

33,404.352
24,955,186
10,739,986
6,671,432
3,286,600
3,087,606
2.975,263
2,274,890
3.344,570
1,436,243
1,191,705
1.157,612
1,085,788
451.031
816.087
464,618
587,000
324,582
299.486
205,000
65,354,665
,309,611,480

484 583.334
13.285,791
7,628,682
1,240,440
1,018.488
582,306
511,103

255 974
234,000
213,848
270,000
174,058
139,885
117,702
102,055,405
12,185,539
1.019,811

820,002
892,232
367,733
439,376
360,252
482,993
101,268
30,571
16,699,777
9,843,898
5,370,167
4,024,474
2,631,396
2,383,520
1,091,381
673,148
466,886
396,718
395,969
397,044
69,338
71,324
27,801,208
22,655,124
8,834,057
5,277,397
2,418,800
2,617,431
3,063,646
2,461,606
1,555,613
1,334,974
1,039,372
936,828
895.183
445,117
595,896
369.260
706,000
262,151
251.007
199.845
i

56,909,389

913,867334
388,147.264
9.833,763
6.833,676
811,703
1,021,870

506,972
460,685

4-9 2

—14-5

24,364.900

18.468,567

THE CHRONICLE.

198
On

pages 208 to 212 will be found the annual letter
of our London correspondent, reviewing in an inter-

way the course of events affecting British trade,
commerce and finance during the late calendar year.
esting

THE FINANCIAL SITUATION.
Wall Street affairs apparently have taken a little better
start this week, mainly influenced by developments in
industrials.
Until Tuesday and for a week or two
appearances have looked like a confirmed waiting
market. Many claimed that it was waiting for events
to take a favorable turn in South Africa; the result
even last week proved that was by no means the case,
and the movement this week has confirmed that view.
South Africa, as we stated a week ago, is far from being
the controlling influence on Wall Street. The success
of Great Britain would no doubt tend to aid an improving situation at our Stock Exchange, but such success
is not necessary for it, and would not of itself impart

["Vol.

LXX,

by the Government as we write. From the daily statements we have, however, obtained results which will
not differ materially from the monthly figures.
These, when taken in connection with the New York
City bank returns, are very suggestive and highly important in their bearing upon the future of the
market. The point we wish to call attention to
substantially all the gain the

made

New York

money
is

that

banks have

duringJanuary has come either
indirectly from the Government.
Of

in their reserves

directly

or

course, in dealing with reports of our Clearing
institutions

we have

House

to take weekly averages of cash

holdings instead of exact figures on the date of issue.
So also the Treasury statements do not represent the

completed operations of the day they are dated ;
besides that, if they did, they never bear the same
dates as the bank returns.
As a consequence of these
differences we do not claim to obtain exact comparisons ; but nevertheless the results are near enough for
The disorder the purpose, and will no doubt excite the surprise of
confidence to dealings in securities.
we have been struggling with is of a domestic rather the reader.
The New York banks on December 30 reported
than of a foreign origin; and hence the cheerful
their
total holdings of reserve at $196,179,800, on last
omen of this week was a home affair wholly. We
refer to the disclosures with regard to the business of Saturday the report gave the same item at $215,565the American Steel & Wire Company not so much to 200; these statements show a gain in the month of
the dividends declared as to the exhibit of the year's January in cash holdings of $19,385,400. To this
business.
It had an exhilarating influence because of last total probably one-third or one-half of the
the open policy it favored, and because the results gain in reserve shown by the bank statement
Where did this
reported exceeded the most sanguine anticipations, of to-day should be added.
and so conduced to take away in some m^asure the gain come from ? The Government receipts from
lack of confidence attaching to industrials. Very internal revenue (all of which were to be turned over
The denaturally also the report and dividend drew fresh at- to the depositary banks) was $22,780,000.
tention to the phenomenally favorable condition of positary banks on January 1 held $87,303,173 and on
the steel and iron trades, and this again gave to the February 1 they held $107,102,040; that is, the gain
prevailing idea a higher estimate of the value of other to the depositary banks in the month was $19,798,867.
Further proof that the Government did actually
properties representing the iron and steel interests.
turn over to the banks all its internal revenue receipts
The reduction by the Imperial Bank of Grermany on is found in the fact (1) that in January the total
Saturday of its official discount rate from 6 per cent Government receipts of revenue from all sources were
to 5^ per cent was not unexpected considering the re- about $8,795,000 larger than its disbursements, (2)
ductions made last week by the Banks of Et)gland and that consequently if all its receipts had gone into the
France and by the smaller continental Banks of Ant- Sub-Treasury instead of a part having gone into dewerp and Belgium. It is to be said, however, that a positary banJis, the Government would have held
relaxation in the monetary tension at Berlin also re- cash on the first of February in the Sub-Treasury
sulted from recent free liquidation of speculative ac- the amount it so held January 1, which was $272,842,counts on the Bjurse and also by the gain of over £2,- 033, plus $8,795,000, its surplus income, that is $281,000,000 cash reported by the Bank of Germany last 637,033; instead of that its holdings in Sub-Treasury
week. The Bank of the Netherlands on Monday re- were only $258,409,632, showing a loss of $23,237,401,
duced its official rate from 4^ to 4 per cent. Other or just^about the amount of the internal revenue reThe conclusion from the
than these there have been no changes in European ceipts put into banks.
is
that
our
banks
gained in January less
as
bank rates. Indeed, considering the renewal in a foregoing
measure of the monetary tension in London following than the internal revenue receipts, that if the Govthe disaster at Spion Kop, there would seem to be ernment had not put its internal revenue receipts into
little probability for the present of any further reduc- the depositary banks there would have been no currency
tions in official discount rates by the European banks. out of use to flow from the interior into our clearingThe tendency of our market for money, especially on house institutions, but instead of that our banks
This is quite natural, would have lost a good part of the $8,795,000 Governcall, has continued downward.
Moreover, Avhen the Governfor the bank return of Saturday showed a gain of 18,- ment surplus receipts.
844,300 cash, increasing the surplus reserve 15,092,300, ment makes an end of transferring the internal revento $29,277,975, which, it may be noted, is the highest ue receipts to the banks, is it not presumable that
since June 17, when the surplus was $30,003,200. the flow of currency from the interior to the New
Moreover, the interior flow of money and the Sub- York banks will cease ? That end is, we understand,
Treasury movement likewise have further augmented to come soon. Is it not probable in view of the forethe bank reserves the current week. Altogether, the going facts that the extremely low rates for money
uninterrupted decline in money rates here can cause now prevailing will be comparatively temporary?

—

no

surprise.

A few

words of explanation may be necessary with
The Treasurer's monthly figures of receipts and dis- reference to the showing of bank clearings for Janbursements and cash holdings have not been made up uary given on other pages (page 197 and page 214)

February

THE CHRONICLE

3, 1900.]

199

time since September 1898 we have a a total now of 2,959 million dollars, the aggregate of
total recording a decrease, and a consider- the clearings outside of New York in 1897 was but
Against an aggregate for the 1,910 million dollars. The improvement in three years
able decrease at that.
whole country of 8,493 million dollars in January has been over 50 per cent, and this is in accord with
in legitimate
1899 the clearings for January 1900 are only 7,624 the uninterrupted growth and expansion
interval.
million dollars, a loss of 869 million dollars or 10 per trade which has occurred in the

For the
monthly

first

We

cent.

need hardly say that

this falling off does

the course or condition of general
trade, which, according to all reports, is in a state of
The smaller volgreater activity than ever before.

not

represent

clearings reflects mainly the decline in
More particularly it respeculative transactions.

ume

of

bank

We made

an analysis

last

week

of the

country's

foreign trade for the late calendar year, dwelling particularly

upon the great growth which has occurred

in recent years in the ''other exports" as distinguished

This week
flects the decline in speculation on the New York the complete trade figures for the year have been furStock Exchange. Last year in January, it will be nished, and this enables us to carry the analysis one
remembered, stock speculation was on an extraord- step further, so as to show the value of the exports
Here is a
inary scale, the sales, day after day, reaching one under each of the leading grand divisions.
For the whole month table covering the last four years.
million to li million shares.
— Calendar Tears.the aggregate of the sales was 24,251,983 shares, be1896.
1897.
1899.
1S98.
Products of—
ing the largest total of any month of any year, and a
$
851,915,762 730,294,792 664,955,372
Agriculture. 782,105,048
total which has not again been attained since then. M'factures.. 380,787,891 307,924,994 279,616,898 253,681,541
21.405.774
19,792,796
25,851,092
33,279,187
Mining
The present year the sales have been less than 10 Forests
36,281,504
40,834,864
39,030,313
47,562,121
million shares
It

—in exact figures 9,843,716 shares.

that as a good part of the deal-

may be thought

ings on the Exchange are cleared by the Stock Exchange Clearing House, activity there should have

from the exports

of our leading staples.

Fisberies....

5,«'37,077

Miscellan's.

3,532,663

5,819,208
3,016,771

5,649,945
3,645,001

Total dom. 1,252,903,987 1,233,558.140 1,079,834,296
" foreign
19,874,749
21,988,126
22,595,684

6,594,463
3,911,426

986,830,080
19,007,161

Total all.1,275.499,671 1,255,546,266 1,099,709,045 1,005,837,241

It will be observed that the exports of manufacbank clearBut this view is hardly tenable. An enormous tures reached 380 million dollars in 1899, against only
ings.
saving is undoubtedly effected through the operation of 253 million dollars in 1896; we may add that in 1895
the Stock Clearing House, but of course that institution the total was only 201 million dollars and in 1894 less
Lack of space prevents us
clears only that portion of the buying and selling than 178 million dollars.
operation which takes place within the Exchange. The from going much into details, but we may note that
check received by the broker from the customer for of iron and steel and manufactures of the same the

comparatively

little

influence on ordinary

buying goes into the bank and through value of the shipments was $105,689,645 in 1899,
the bank Clearing House the same as before. Then, against only $29,943,729 in 1894; of leather and manalso, not the whole of the dealings on the Stock Ex- ufactures, $26,809,833, against $14,888,068; of copper
change are cleared by the Exchange itself only those and manufactures, $43,102,665, against $15,702,965;
The bond transactions are not while in the case of manufactures of cotton the export
in the active stocks.
Thus in various ways, direct and in- shipments were valued at $24,852,691 this year,
cleared at all.

whom

he

is

—

on the Exchange

direct, speculation

factor in enlarging or decreasing the

exchanges.

As bearing on this point, it
more than the whole of the 869
clearings for the country

decrease at this point

The market value

is

is

is

still

volume

a potent
of

against $14,474,137 in 1894.

bank

The Pennsylvania Railroad return for December and
should be noted that the calendar year serves to show the magnitude of the
bank operations of this great railroad system and the gratiYork. The fying way in which it is sharing in the present pros-

millions loss in

found

at

New

in fact 1,026 million dollars.

of the share sales this year, accord-

On

the lines directly operated east
of Pittsburg and Erie the company reports a gain of
perity of trade.

$880,700 in gross earnings and of $384,900 in net, and
uary 1900, against 1,619 millions in January 1899. on the lines west of Pittsburg a gain of $570,500 in
This is a contraction of 932 million dollars, though of gross and of $230,600 in net. In other words, on the

ing to our calculations, was only 687 millions in Jan-

course the whole of

cannot be considered a loss in
bank clearings, since the customers in many cases do
not buy outright, but on margin, and hence give a
check only for the amount of this margin. In addiit

from stock speculation, there must
have been a further loss in bank clearings from the

tion to the loss

were undoubtedly on a much smaller scale than in January 1899.
Last year the promoting of new industrial undertakings was being carried on upon a very extensive scale.
This year that movement has in large measure

fact that financial operations the present year

ceased.

Outside]of
is

New York the comparison

on the whole quite

satisfactory.

as to clearings

The aggregate

in

January the present year, against 2,802 million for January 1899. The
this case is 2,959 million dollars for

157 million dollars, or 5*6 per cent. Its
significance will be apparent when we say that it follows 20*4 per^cent gain in 1899, which in turn succeeded*21*5|per cent gain in 1898. In brief, as against
addition

is

been an improvement of
$1,451,200 in gross and of $615,500 in net for this
one month. But it is not until we examine the figures
for the full year that we get a proper idea of
the extent of the increase which has occurred
On the Eastern lines
in the company's income.
in gross for the
there
has been an increase
months of $7,319,200 and in net an
twelve
increase of $1,484,600, while the Western lines have
contributed a further increase of $5,696,800 in gross
and of $1,572,000 in net. That is to say, on the combined lines there was an expansion of over 13 million
dollars in gross receipts and of about 3 million dollars in net receipts during the year.
Nor does even
this represent the full amount of gain for the
whole Pennsylvania RR. system. It does not include
the results for a number of important roads controlled
but separately operated.
We shall have to await the
arrival of the company's annual report early in March
We annex a
to see the aggregate amount of gain.

combiced

lines there has

THE CHRONICLE.

200
six-year

comparison for the lines directly operated

east of Pittsburg.
Lines East of
Pittsburg.

1899.

1897.

1898.

1895.

1896.

1894.

$
December.
$
9
Gross earnings.... 6,617,704 5,737.004 5,617,804 5.192.300 5.639,604 5,163,789
Operat'g expenses 4,530,507 4,034,707 3,953,507 3,664,107 3.939.907 3,604,871

[Vol.

LXX.

moderate demand, except on what
may be regarded as a low grade of collateral, and
those who would borrow on good mixed Stock Exchange security feel indisposed to make engagements
tracts are in quite

now

in view of the fact that there are indications that,

later on, they will be enabled to obtain

money at much

cheaper than the currently quoted rates. Meanwhile
they seem content to rely upon the call-loan branch
Jan. 1 to Dec. 31.
Gross earnings.... 72,922,812 65,603,612 64,223,012 62,096,576 64.627,177 58,704,283 of
the market. Rates are 4 per cent for sixty days
Operat'g expenses 50,778,350 44,943,750 43,691,250 43,892,808 44,944,309 40,363,744
to four months and 4@4i per cent for longer periods,
Net earnings.. 82,144,462 20,659.862 20.531.762 18,203.768 19,682,868 18.340.539
though lenders would doubtless make the rate 4 per
cent on good security for all dates of maturity and
Stocks of the bituminous coal roads have all been even for six or seven months. The commercial paper
strong this week on the Stock Exchange. The reason market is fairly well supplied with names and though
is perfectly obvious.
There has been a great change the demand is good, not only from the city but from
in the condition of the bituminous coal trade within the interior, brokers report that there appears to be
the last twelve months. The demand for coal has enough paper offering
meet the inquiry. It may
Net earnings..

2.087,197

1,702,297

1,664,297

1,638.197

1.699,697

1,548.918

to

has been impossible to be noted, however, that while the country demand is
supply it. As a consequence prices have advanced quite general, Boston buyers are out of the market.
materially, and are now on a high basis where a year Eates are
per cent for sixty to ninety day en-

recently been so urgent that

it

4@4|

ago they were on such a low basis that it was hard for
either producer or carrier to make a profit out of the
business.
In our review of the anthracite coal trade
in a subsequent article, we refer to the remark of Mr.
Saward, of the " Coal Trade Journal," that prices of
soft coal had risen fully 50 per cent during the year.
This is borne out by the fact that bituminoas coal in
this market now commands $3@3 50 a ton, whereas a
year ago the price was about 12 00 a ton. The higher
selling prices mean higher freight rate s for the roads
transporting the coal. This week the rates were tixed
for the year beginning April 1.
From Clearfield to
New York the rate is to be $1 30, against only 95 cents
last year, and from Pocahontas to Norfolk, over the
Norfolk & Western, the rate is to be $1 15, against
92^ cents.
Even on the old rates the roads are showing very
satisfactory revenue statements, owing to the great
growth in their traffic which has occurred as the result of the industrial ctivity prevailing.
The Norfolk
& Western furnishes an excellent illustration. This
company has just declared another semi-annual dividend of two per cent on its preferred stock. The
property was very conservatively reorganized in a time
of great business depression.
The company's report
for the fiscal year ending June 30 1899 showed a surplus on the operations of the twelve months of three($752,654) over and
fixed charges and the 4 per cent dividends

quarters of a million

dollars

above all
on the preferred shares. What the outlook is for the
current fiscal year appears from the statement for the

dorsed

bills

receivable,

4^@5 per

cent for prime and

5i@6^ per cent for good four to six months' single
names. Some very choice notes bearing a single name
have been sold at 4 per cent.
the British disaster at Spion Kop
reached London on Sunday, and on Monday the effect
was intensely depressing, causing not only a gloomy
feeling, but more or less of a panicky decline in the

The

details of

Later there was a recovery, and by
Wednesday there seemed to be an impression that
Gen. Buller was in another engagement in an endeavor
to relieve Ladysmith by means of a new and perhaps
stock market.

England minimum
rate of discount remains unchanged at 4 per cent, but,
as above noted, the Imperial Bank of Germany on

less difficult route.

Saturday reduced

The Bank

its official

cable reports discounts
bills in

of

London 3|@3f per

on Friday of

last

week.

of

The

rate to 5^ per cent.
sixty to ninety-day

cent, against

3-8-

bank

per cent

The open market

rate at

3| per cent and at Berlin and Frankfort it is
4 per cent. According to our special cable from
London, the Bank of England gained £261,141 bullion
Paris

is

during the week and held £35,501,931 at the close of
Our correspondent further advises us that
the gain was due to the import of £28,000 (of which
£13,000 were bought in the open market, £9,000 were
from Australia and £6,000 from Portugal) to receipts
of £410,000 net from the interior of Great Britain, and
to exports of £177,000, of which £137,000 were to
India and £40,000 were to the Cape.

the week.

December 31 1899, just made public.
In these six months the company added $995,88? to
The foreign exchange market was directly affected
its gross earnings (as compared with the correspondon Monday by the disturbed situation at London,
ing six months of 1898), and $710,365 of this was car- which was reflected in higher discounts, and the
six

months

to

ried forward as a gain in the net.

Money on

strong tone for short sterling seemed to foreshadow
a resumption of gold exports to London. The market

representing bankers' balances has grew more quiet on the following day, and there
loaned on the Stock Exchange during the week at 3 was on Wednesday a slightly easier tone for cables as
per cent and at 2 per cent, averaging about 2f per cent. the feature.
Bankers report commercial bills in
call

On Monday

the range was from 3 per cent to 2| per quite moderate supply, and also that there is a demand
2^@3 per cent. for bankers' sight sterling sufficiently large to absorb
On Tuesday, Wednesday and Thursday loans were all offerings. Long bills are, however, more freely
made at 2| per cent and at 2 per cent with the ma- offered. As regard gold exports to London, it may be
jority at 2^ per cent.
On Friday the transactions observed that while there is no immediate prcspect of
per
cent and at 2 per cent, with the bulk of the movement, much depends upon the urgency of the
were at 2^
the business at 2^ per cent. Banks'and trust com- demand for gold, and if sufficient inducements were
panies quote 2^ per cent as the minimum and few re- offered to shippers it is probable that the metal would
cent, with the bulk of the business at

port their ability to obtain higher rates.

Time

con-

be promptly forwarded.

Receipts of gold at the Cus-

February

THE CHRONICLE

1900.]

3,

201

House for the week were $437,432, of which 1220,GREAT BRITAIN'S SITUATION.
020 was French gold in transit to Cuba, and $193,000
The position of affairs on the Natal frontier at the
from Bremen, and both consigned to the City Bank.
The Assay Office paid $1,237,089 56 for domestic present time may be summarized very simply. The
English army has attempted to dislodge the Boers
bullion during the week.
Nominal rates for exchange were advanced on Mon- from ground of their own choosing, has operated
for sight, those for sixty-day remaining under distinctly unfavorable circumstances, and has
day to 4

torn

88i
unaltered at 4 85.

Rates for actual business opened failed. It has not been defeated in the sense of
on Monday one- quarter of a cent lower for long com- being driven back in demoralization. General BuUer
pared with those on Friday of last week, at 4 84@ still holds the southern shore of the Tugela River, as
His army is ap4 84i, owing to the higher discounts in London, while he held it three or four weeks ago.
rates for short were, for the same reason, advanced parently strongly posted, and the Boers have made no
one quarter of a cent, to 4 87^@4 87|, and those for attempt to follow up their successful resistance by an
cables one half a cent, to 4 88i@4 88^. The market attack on the English forces during their withdrawal.
was easy for long and strong for short sterling and for The situation, so far as regards the Natal campaign,
cables.
There was a dull and firm market on Tues- is a simple deadlock. The effort to penetrate the

day and an easier tone, especially for cables, on Monday, these being then reduced one-quarter of a cent to
The tone was dull and steady on Thurs4 88@4 88i.
day and on Friday. The following shows daily posted
rates for

exchange by some of the leading drawers.
MON..

FBI..

Jan. 26. Jan.

Brown Bros

29.

TUKS., Wbd., thur., Fri.,
Jan. 30. Jan. 31. Feb. 1. Feb. 2.

""ii"

(60 days.

4 85

85

85

85

85

•^ Sight....

488

88«

88H

88«

88«

88«

60 days.

4 85
4 88
4 85

85

85

85

85

85

881^

88Ji

88«

88H

ma

85

85

85

85

4 88
4 85

88Ji

88«

mi

85

88H

88«

85

65

85

88«

88«

88«

Oaiinit.

J

Magoun &

Co. .J Sight....
( 60 days.
Btink British
No. America,. .{Sight...,
Ban ^ of
} 60 days,

4 84Vi

85
88
85

85

85

85

85
88
85

Commerce. .{Sight...

488

88«

88«

88X

88!.^

88}<

Heldelbach, Ick 5 60 days
elhelmer & Co. {Sight...
(60 days
Lazard Freres... { Sight...

4 85

85
88
85

85

85

85

85

88«

88!^

88«

88«

85

85

85

88«

88«

(

60 days

4 85

85

85

J

Sight...

488

88
85
88

85
88Ji
85

88!^

88«

88«

Montreal
Canadian Bank
ot

.} Sight...,
(

Merchants' Bk.
of Canada

60 days

The market

488

488
4 85

488

closed

88«
85

Transvaal through the mountainous district on its
southeastern border, so far as regards events up to
the present writing, has been proved impracticable.
But for the situation of General White's beleagured
garrison at Ladysmith, the conclusion from the

campaign to date would merely

be, that instead

of

the Transvaal, the
easiest must be selected; and military experts express
little doubt as to what route would be the easiest. As

the hardest road of

access to

for the garrison at Ladysmith,

it

at least remains to

be said that no signs of readiness for surrender on the
The messages
part of the garrison have appeared.
received this week expressed confidence in the ability
of the besieged forces to hold out for a considerable period.

We

are not altogether sure that the aspersions cast

steady on Friday, with rates

on the British army and its tactics by Continental
87i@4 87f critics are fair. That the enemy's strength was underCommercial on estimated, that inadequate preparation was made for
for short and 4 88@4 88| for cables.
banks 4 83|@4 83f and documents for payment the initial campaign, that the intelligence department

for actual business 4

4

83@4 84

84@4 84i

for long, 4

cotton for payment 4

83@4

83^, cotton

and that the War Office itself »va8
are facts which have been categori4 83|@4 84.
cally admitted by Lord Salisbury in the House of
Lords, and which therefore may be finally accepted.
The following gives the week's movements of money
It is also quite true that a portion of this army consists
to and from the interior by New York banks.
of raw levies, and the rest of soldiers whose only trainReceived by
But so far as
Net Interior
ing has been in fighting inferior races.
Week Ending February 2, 1900.
;

for acceptance 4

83^@4 83f and grain

for

N. Y. Banks. N. Y. Banks.
Currency.
Gold

$5,452,000

$1,662,000

1,467,000

344,000

failed in its duties,

payment badly organized,

Movement.
Gain. $3,790,000
Gain. 1,123,000

these two criticisms are concerned, we suppose the
same objection would stand against the French army

had been summoned
With the Sub-Treasury operations the result is as to the task undertaken by the British. We are by no
means sure that a long and thorough training in tacfollows:
based upon operatic ds
tics of the Von Moltke order
Into
Out of
Net Change in
Week Ending February 2, 1900.
Banks.
Banks.
Bank HolMngs.
over an open country, with good roads and easy comBanks interior movement, as above $6,919,000
$2,006,000
Gain. $4,913,000 munications
would help in the least to successful
Sub-Treasviry operations
500,000
15,100,000
14,600.000
Gain.
manoeuvres through the ravines and hill country of
Total gold and legal tenders
$22,019,000
$16,606,000
Gain. $5,413,000
Western Natal. No doubt the English grossly underThe following table indicates the amount of bullion
rated their antagonists when the war began; but
in the principal European banks.
they had at least reached a proper estimate of the
February 1, 1900.
February 2, 1899.
enemy's generalship when Sir Charles Warren adBank of
vanced on Spion Kop last week. There are condiOold.
Silver.
Total.
Gold.
Silver.
TotaU
Total gold and legal tenders.

$6,919,000

$2,006,000

Gain. $4,913.000

or the

German army,

if

either

—

—

£
England
France

£

£

£

£

£

86,501.931

Rnssia
Ans.-Hung'yt
Spain

36,501,931 32,974,894
32,974.894
75,830,814 45.688.096 121,518,910 72,778,592 47,915,382 120,693,974
26.985.000 13,901,000 40,886,000 28,226,000 14,541,000 42,767,000
85.730.000 5,516,000 91,246.000 100,660,000 4,242,000 104.902,000
37,887,000 8,918,000 46,805.000 29.898.000 10,359.000 40,257,000
13,600,000 14,852,000 28.462,000 11.062.000 8.744,000 19,806,000

Italy

15,412,000

Germany

with which, confronted by a capable enemy familiar with the territory, the best trained military genius cannot cope.
tions,

physical

An army

or

geographical,

trained in the

modern German school might

have changed the result of things at Chancellorsville
Netherlands..
or Gettysburg; but it is very doubtful if it could have
4,360,000 6,015,000
6.800.000 11.115,000
Nat.Belg'm....
2,884,000 1,442.000
1.550.000
4,649,000
brought a different issue to the West Virginia camTot.tbi8 week 298,190,745 97,837,096 396.027,84l'298,042.486 96,495,382'394,537,868
Tot. prev. w'k 297.853,980 97.672,792 395.526.772'297.578.724 96.151,1531393.729.877 paign against Stonewall Jackson, or to the very simiNapoleon him+ The Austro-Hungarian Bank Statement is now issued in Kronen and Hellar campaign on the Tugela River.
ler instead of Gulden and Kreutzer. The reduction of the former currency to
self, almost invariably successful on the battle-fields of
sterling £ was by considering the Gulden to have the value of 50 cents. As
the Krone has really no greater value than 20 cents, our cable correspondent in
Central Europe, failed signally in Egypt and Russia,
London, in order to reduce Kronen to £. has altered the basis of conversion by
dividing the amount ef Kronen by 24 instead of 20.
and failed, largely because he was operating on un1,506,000

16,918,000 15,029,000
10,375,000
4,315,000
4,326.000
3,099,000

2.344.000

17,373,000

THE CHRONICLE.

202

familiar territory and on ground of the enemy's

own not wish a

choosing.

We

therefore think

at all events, to

paign a failure,

it

hardly reasonable, thus far

pronounce the entire British cam-

much less

to conclude that the English

Government is at the end of its rope. The situation,
Lord Salisbury frankly admitted at the opening of
Parliament on Tuesday, is ''fall of humiliation and not
free from danger; " but we observe that even the opponents of the Ministry make no suggestion of a suit
In his refer
ence to possible danger the Premier must have had in
mind either a forward movement of the Boers into

for peace by the British Government.

mediator.

[Vol,

LXX.

accompanied
by a threat in case mediation were refused, would in
all respects be tantamount to public demand that one
or the other contending State desist from war.
But
there is only one way of enforcing such a demand,
and that is by war itself.
"We wish to emphasize these perfectly simple facts,
because of some indications in the current news that
our own people, and with them, as might be supposed, some of our Congressmen, are urging mediation
by the United States, in utter ignorance of what
such a move would necessarily involve. Let us distinguish carefully.
There is no possible objection,
save on the score of judgment or good taste, to public
meetings to applaud the Boers and criticize the policy
of Great Britain.
There is nothing objectionable in
a dignified and decent discussion of the case in Congress, even if the speeches reflect a prejudice to one
contestant; though speeches such as Senator Mason's
recent deliverance are, in our judgment, neither digOffers to mediate,

and Cape Colony, or insurrection of the Cape
Dutch, or interference by a neutral State. Invasion
by the Boers is quite improbable, since by that policy
the Boers would forfeit the very advantage which has
thus far enabled them to fling back column after
column of the British army. A Cape insurrection is
often enough named by English critics as a possibility,
and the earlier proclamations of Mr. Schreiner, the nified nor decent. To a sober gathering of clergyPremier at Cape Town, and of General Gatacre, men and other citizens to urge the wisdom of seeking
showed that the possibility was not absent from the a road to peace, we see no ground of criticism whatminds of civil and military authorities on the spot. ever; and in a conceivable case, with some response
No opinion of special value can be expressed on this from a similar respectable minority in the belligerent
matter by observers at a distance; but it must surely communities, we can imagine good and practical
have occurred already to most students of the war results.
But the legitimate end of any or all of these expedithat the surprisingly large numerical force presented
by the Boer military columns points very strongly to ents is to apply to a foreign State some moral suasion,
the conclusion that the bulk of able-bodied Cape as to the justice of which that State itself must be the
]S"atal

-

1

"We sincerely trust that this limitation
Colony burghers of Dutch sympathies have long ago arbiter.
crossed the northern border and enrolled themselves will not be forgotten by zealous but over-hasty
citizens.
It should particularly be remembered that
under General Joubert and General Cronje.
The matter of foreign intervention stands in some in this matter a Congressional resolution is as powerOf the two possibilities less as a resolution voted by acclamation in Carnegie
respects on a different basis.
"Without executive
in this direction, jealousy or malice, taking advan- Hall or the Grand Central Palace.
tage of the diversion of English resources to the sanction and initiative, even a unanimous vote of
Transvaal frontier, might conceivably inspire the one, House and Senate in such matters is a hrutv.m fulmen.
in the shape of attack on England in South Africa We suspect that both Congress and the President are
or elsewhere abstract humanity or political sym- likely to recall an incident of December 1896 not inpathy for the Boers might dictate the other, in the applicable as a precedent in point. Apparently there was
form of a movement to restore peace by diplomatic impending in Congress, at that time, a concurrent resoThe reasons which render improbable the lution recognizing Cuban independence. As seems to
means.
proved by subsequent events, the sympathy
first of these demonstrations rest on the fact that have been
little or nothing could be gained by it, and that the of our people was overwhelmingly with the Cubans.
experiment, with Great Britain^s navy free for action, Yet the quiet, incisive statement of President
would certainly be dangerous. Aside, indeed, from Cleveland and Secretary Olney that Congress was
any such considerations, movement of a neutral power threatening to invade Executive prerogative, and
against England would necessarily have to find some that no such resolution would cause the Administraspecific ground of action, and such ground is not ap- tion to swerve an instant from its pre-determined
Nations do not in these days go to war with policy, met, it will be remembered, with instant
parent.
a first-class neighbor State on the flimsy pretexts approval, not only from every responsible publicist
which used to serve Frederick the Great or the First throughout the nation, but from the people them"Whatever their sympathies as between the
Xapoleon. The worst possibility that we can discern selves.
is a movement on the Chinese coast, for instance, to two contestants in South Africa, we do not entertain
appropriate territory against whose appropriation the slightest doubt that Mr. McKinley would be simiGreat Britain has hitherto protested, on the ground larly upheld, in an assertion of the proprieties of diploBut even in such an matic action.
that England's hands are tied.
;

enterprise England's hands are not tied, with its fleet
ready for mobilization and with discord between the

Continental Powers perfectly assured.

To humane and

friendly intervention, for

CHICAGO & NORTH WESTERX RAILWAY.

The Chicago & Xorth "Western Eailway is such an
the pur- excellently managed property and has such a long
record of

pose of bringing an end to a bloody struggle, there is
one pre-requisite the assent of both contending

—

prosperity that hardly any one will be sur-

income exhibit for the late
"Without such assent interference becomes calendar year, when all the conditions were favorable
parties.
diplomatic impertinence. "We are aware that provis- in the extreme, is exceedingly gratifying, and such as
ion for mediation is made in the articles of the peace few, if any, large companies can match. The comprised to

hear that

its

agreement at the Hague but even so, there is no pro- pany's fiscal year does not correspond with the calenhave
vision for mediation when the contending parties do dar year, but following a practice to which we
;

^

•

—
February

THE CHRONICLE.

3, 1900. j

adhered so long we have obtained a statement covering the twelve months ending December 31. This
statement comes to us from a special source. In the
following we compare the figures for 1899 with those
for the three years immediately preceding.
Ttvelve

CHIC. A NORTH WEST.
Miles of road

QroBB earnlDgs

Expenses

1899.
5,124

41,P06.76l
26,960,738

months ending Dec. 31
1898.
5,077

1897.
5,052

1896.
6,031

$

$

$

37,496,980 33,571,172 32,177,153
24,458,547 21,435,154 21,226,925

03

MONTHLY GROSS AND NET BAKNINGS.
Gross Ear nit) OS.

CHICAGO &
NORTH WB^T.

1899.

It98.

.

1897.

—Net Earnin gs.-

/

1899.

1898.

1897.

«

$
$
»
$
$
Firsts months.. .15,009,121 14,110,160 11,451,402 4,329,035 4,244,398 4.096,807
3,669.854 3,010,»42 2,920,887 1,816,860
June
927,890 1,011.447
3,733,668 2,840,104 2,855,787
July
1,369,998
875,9: C
968,382
3,828,002 3,461,438 3,132,958 1,514.043 1,057.612 1,069,708
August
4,218,168
3,627,947 3,571,996 1,890,838 1,615,601 1,459,197
September
October
4,300,755 3,713,561 3,642,046 l,7fl4,('82 1,561,741 l,46fl,291
November
3,734,343; 3,428,963 3,213,f30 1,407,599 1,357,496 1,220,720
3,312,850 3,303,965 2,683,572 1,252,66S 1,397,721
December
855,4e6
.

Total 7 mos... 26,797,640 23,388.830 22,119,770 10,616.988

8.794.037

8,040,211

Total year... 41,806,761 37,496,980 33.571,172 14,846,023 13,038,433 12.136,01S

10,950,228

Net earnings ...14,846,023 13,038,433 12,136,018

Ohai'ges —

15,764,407

{6,297,647

116,140,102

116,403,533

2^2,500

202,000

197,260

221,412

5,966,907

6,499,647

6,337,362

6,624,945

Balance for stock.... 8,879,116
Dividends
3,718,832

6,538,786
3,521,581

5,798,656
3,519,622

4,325.283
3.517,758

3,017,205

2,279,034

807,525

Int. (less credits)

Sinking funds
Total

Surplus

5,160,284
1,000,000

New equipment

4,160.284
IT

After allowing for a credit of $257,909 for income from investIn 1896 and $336,790 in 1897.

ments

In this we have included $367,782 interest paid in advance of
maturity on bonds taken up and funded into S^a per cent general
mortgage gold bonds of 1987, and have allowed for a credit of $456,935 for income from investments.

The

We

have included in 1899 $176,743 interest paid in advance of
maturity on bonds taken up and funded into 3^ per cents, and have
allowed for a credit of $543,977 for income from investments.

this

last

table

is

that

ifc

shows that practically the whole of the gain in net
for the calendar year was made during the seven
months to December 31, and thus will count to that
extent in the current fiscal year. The company
earned in these seven months in 1899 $10,516,988 net,
agaiDst $8,794,037 in the seven months of 1898,
$8,040,211 in 1897 ard $6,923,228 in 1896. The gross
for the seven months was $26,797,640 in 1899, against
$23,386,820 in 1898, $22,119,770 in 1897 and $19,593,755 in 1896.

{

t

interesting fact in

As

remaining

to the

likely to continue large

months, general trade is
and active, ensuring a heavy

five

merchandise and passengers. The outcome
therefore hinge on two circumstances, namely the

trafiic in

will

movement

and the course of expenses. The
sometimes an important factor in the ex-

of grain

weather is
The pense accounts. Thus far the winter has been a mild
satisfactory viewed from whatever standpoint.
But the higher cost of all materials needed by
surplus remaining over and above charges and the one.
the
railroads
is certain to augment expenses materidividends paid amounts for the calendar year to over
four million dollars in exact figures, $4,160,284 and ally on the same volume of trafiic. With a free and
this is the result, too, after appropriating a round full grain movement, the gain in gross earning
million dollars for purchase of equipment.
The sur. should be sufficient to offset such augmentation in
plus is, in fact, more than the amount paid out in expenses. Bearing on the tendency of expenses to individends and already deducted, namely $3,718,832. crease, the figures for December taken by themselves
other
words, dividends
might have been may be accepted as indication. With $8,884 increase in
In
doubled. But of course such a step as doubling the gross there was for that month an addition of $153,937
rate of distribution on the stock is not even remotely to expenses, causing a decrease of $145,053 in net, per

The

results here disclosed are obviously exceedingly

—

;

has always been the policy to put a good the following:
December.
portion of the earnings back into the property.
InGross earnings
deed, therein lies the strength of the property, ena- Expenses

likely.

It

company

bling the

1899.
$3,312,849
2,060,181

1898.
$3,303,665
1,906,244

$2,683,572
1,828,106

$1,252,668

$1,397,721

$855,46&

1897.

to continue dividends even in lean
Net earnings

years and rendering possible the cheapening to the

public of the charge for transportation services, which
has been a feature of the past history of the road and

only remains to add that the company's inconne
from investments will increase. The company owns

will doubtless be a feature in the future.

$9,320,000 of the

The company

common
the

recently increased the dividend on

stock, but as showing

management

how very

its

conservative

are, it is only necessary to

It

Paul Minneapolis
this

month

will

recall that February 1899.

common stock of the Chicago St.
& Omaha, on which the dividend

be 5 per cent as against 3i per cent in
This means an addition from that

source of $139,800.
the addition was at the rate of but 1 per cent a year
that is, the new rate on the common stock is 6 per
cent per annum, against the previous rate of 5 per
COAL
cent per annum. The action possesses additional

ANTHRACITE

PRODUCTION IN

1899.

The shipments

significance in view of the strikingly favorable results

of anthracite coal to market during
above disclosed. It will be observed that there was a 1899 were the largest ever recorded in any calendar
further gain of 4^ million dollars in gross receipts year in the history of the trade.
There, would be
during 1899 after a heavy gain in the years preceding, nothing very remarkable in that fact, in view
of the
and a further increase of If million dollars in net. activity and prosperity of all industries, except that
Since 1896 the gross has risen from $32,177,153 to previously the anthracite trade had failed to
share in
141,806,761, and the net from 110,950,228 to $14,846,- the industrial revival.
Instead of recovery there was
023.

the years immediately preceding 1899 a drop to
of those in the
a return to the
annual report. It will be interesting to separate large production reached in 1895, when
somewhat
these five months from the remainder of| the year, so over 46^ million tons were
sent to market.
Prom
as to have the showing for the seven months (from 46,511,477 tons in the
year named, the shipments fell
June 1 to December 31) of the current fiscal year. to 43,177,483 in 1896, and to 41,637,866 tons
in 1897,
Accordingly we present the following, in which the while in 1898 the amount was but a trifle
higher, being
in

The company's fiscal year ends May 31, so five of lower and lower figures, until many
the twelve months above were included in the last trade despaired of ever again seeing

results are

worked out

in that way.

reported then 41,899,751 tons.

THE CHRONICLE.

204
But

the previous loss was
total rose almost six million tons

in 1899 at one

The

regained.

bound

all

above that for 1893, making it 47,665,203 tons. This
last is 1^ million tons in excess even of 1895, which
prtviously was distinguished for the largest production on record. In so suddenly retrieving lost ground
the anthracite trade is not only verifying the predictions as to the outcome made by careful observers at
the beginning of the year, but is giving new proof that
this trade follows a course quite different from that of
our industries in general. When we analyzed the results for 1898 we took pains to point out that the
growth which had by some been looked for in that
year and then failed to come had simply been deferred.

We

also expressed the opinion that this last

made the prospect much brighter than it had
been for a long time before. Looked at in the light of
fact

the past, there was nothing surprising in the circumstance that general business prosperity had not made

[Vol.

LXX.

uiercury in this city falling below zero on several successive days early in February. As anthracite goes so
largely into family

demand created

in

and domestic use, the additional
this way must have been consider-

able.

The

prosperity of trade acted in two ways to stimu-

consumption. In the first place, with
the laboring classes better and more fully employed,
they were in position to spend more for coal for
late anthracite

In the second place,
and this was perhaps the most important factor, a
greatly augmented amount of anthracite must have
heating and cooking purposes.

been used for manufacturing purposes. For many
years bituminous coal had been gradually supplanting
In 1899 this
anthracite by reason of its cheapness.
movement was certainly checked, and to an extent
reversed.
There was no great change in the price of
anthracite.
There were the usual advances in circular quotations in the fall, but some of the best in-

manifest in the coal trade during 1898. The formed men in the trade estimate that the average
failure to do so simply repeated previous experiences. realized by the companies for the twelve months was
The anthracite trade is always the last to feel the im- just about the same in 1899 as in 1898. On the other
pulse of reviving business and also the last to recede hand, in the case of bituminousthere was a very sharp
when the tide turns in the other direction. The very rise. On account of the increased demand for fuel
itself

had lasted so long seemed a
guaranty that we were on the threshold of a great
change. The change came and has proved even
more decided than expected, for hardly any one
looked for an addition of such magnitude as is now
disclosed.
In the following we show the shipments
to market (commonly denominated the production)
for each of the last twenty-seven years
that is, back
fact that the depression

—

to 1873.
Tea?:

Tons.

Year.

Tons.

1899
1898
1897
1896
1895
1894
1893
1892
1991
1890
1889

47,665,203
41,899,751
41,637,866
43,177,483
46,511,477
41,391,200
43,089,536
41,893,320
40,448,336
.35,855,174
35,407,710
38,145,718
34,641,017
32,136,362

1885
1884
1883
1882
1881
1880
1879
1878
1877
1876
1875
1874
1873

31,623,529
30,718,293
31.793,027
29,120,096
28,500,017
23,437,242
26,142,689
17,005,262
20,828,179
18,501,011
19,712,472
.20,145,121
21,227,952

1888.....

1887
1.886

manufacturing industries, the producers of soft
found it impossible to keep up with the needs
of consumers, and the result, naturally, was higher
Mr. Frederick E. Saward, the editor of the
price?.
" Coal Trade Journal,*' in the article he wrote
for the annual review of the ''New York Times"
at the beginning
the year, estimated that
of
prices of bituminous had risen fully 50 per cent.
The urgent demand for fuel for industrial purposes was the main factor in this rise, but the
organization of two great companies in the Pittsburg
in all

coal

district

— the

Pittsburg Coal

Company

for the

rail

business and the Monongahela Eiver Coal & Coke

Company
movement

for

the river

along.

business

—also

Besides, conditions

helped

among

the

the Ohio

bituminous producers were also greatly improved by
reason of the reorganization of several of the lines

running through that State, and the resulting concentration of control there.

As indicating one

which anAnother point of importance deserves to be men- thracite had an advantage over bituminous, Mr. Sawtioned, emphasizing further the change which has ard notes that at a number of New England and Eastoccurred.
The additional 5f million tons marketed ern places the smaller sizes of anthracite were during
in 1899 not only all went into consumption apparently the fall actually cheaper than bituminous.
He also
but tidewater stocks were at the same time drawn states that the history of the year has made it plain
down, reducing them fullv one-half.
In other that manufacturing is, after all, the governing factor
words, tidewater stocks January 1 1900 are reported of the coal trade. Cold weather, he well says, amounts
only 350,965 tons, against 706,659 tons January 1 to nothing if the factories are idle, throwing millions
1890.
of tons of soft coal on the open market, making railThe causes for the improvement which occurred road business light and leaving employees without the
are not far to seek.
They are to be found mainly in means of buying such fuel as they need.
the extraordinary activity and prosperity of general
As would be expected under the conditions prebusiness.
Still there were also some attendant cir- vailing, the different interests in the anthracite trade
of the directions in

cumstances. The severity of the winter of 1898-9 worked together quite harmoniously during the year.
was one of these. The demand for anthracite may There is always much less friction when production is
be said to have been active from the very beginning being added to, and every road has an increased amour, t
of 1899.
The reason for this is to be sought not of coal to handle. The figures showing the tonnage
merely in the revival of business, but also in the ex- carried by the various roads possess less importance,
tremely cold and inclement weather which prevailed. therefore, than in some other years. They are always
The reader will have no difficulty in recalling the interesting, however. We accordingly present the
character of the weather at that time if he will re- following table, giving comparisons for four years. It
member that in February we had a blizzard of large will be observed that the changes in the proportions
dimensions covering the whole eastern half of the coun- moved by the different roads have been mainly in the
try from Texas to the Canadian border, and that for direction of a return to the percentages of earlier
some time previous the cold had been intense, the jears, though there are some exceptions to this.

February

3,

1899.

,

P. V.

r.m».

.

^->

1898.

P. G.

Ions.

5,392,530 11-31

3,219.814 19-62
6,685,577 16-43
4,626,386 11-04

Del. Lack. & W. 6,372,401 13-37
Del. & Hudson. 4,132,459 8-67

6,795,540 13-83
3,891,246 9-29

Pennsylv. RR
Pennsylv. Coal
Erie
N. Y. Ont. &W.
Del. Su8q.& gch.
N. Y. Susq.A W.

4,801,349 11-46
1,854,516 4-43

9,683,503 20-32
Reading
Lehigh Valley. 7.587.933 15-92

Central N. J

.

,

Total...

205

THE CHKONICLE.

1900.]

5.159,102 10-82
2,347,081 4-92
1,949,876 4-09

1,596,539

3-81
3-27

1896.
-1897.
Tom. P. C.
P. 0.
Tons.
8,395.411 20-16 9,019,583 20-89
6,425,227 15-43 6,749,128 15-63
4,730.860 11-36 4,999.003 11-58
5,690,684 13-67 5.6-27.533 1303
3,921,665 9-42 4.152,273 9-62
4,7(!7,536 11-46 4,752,120 11-01
1,777,842 4-27 1.728,972 4-00
1,669.579 4-01 1.718.262 3-98
1.620.221 3-89 1,330,000 3-08
,

1.891,478

3-97

1,371,592

1.694,467

8-56

1.555,429

3-71

1.324.086

3-18

1,710,609

3-96

1,454,371

305

1,301.763

3-11

1.314,766

3-16

1,390,000

.V22

47,666,203 lOO'O 41.899.761 100-0 41.637.868 lOO-Q 43,177,483 100-0

market price of the 5 per cent preference is 248. Id.
and of the ordinary 383. 6d. Each of the mills is
separately managed by the former proprietors, under
the superintendence of a controlling board in Manchester.

(weaving) industry of
Lancashire, which is for the most part carried on separately from that of spinning in different localities,
chiefly in the north of the country, was not in a very

The

cotton- manufacturing

flourishing condition a year ago.

TIIS

ENGLISH COTTON INDUSTRY IN 1890—

RAILWAYS AND TRADE IN NORTHERN CHINAINDIAN CURRENCY AND BANKING— POPULAR ATTITUDE TOWARD THE WAR.^
Manchester, Jan.

17, 1900.

No

one who has even a very moderate knowledge of
the condition of English cotton- spinning in the past
year will be surprised to learn that it has enjoyed
greater prosperity than it has known since 1883.
I have before me statistics of the results of working
of 117 companies in the South Lancashire district,
nearly all of which consume American cotton exclusively.
Fifteen of these do not issue their accounts,
they
but
have paid to their shareholders during 1899
dividends and bonuses averaging 15 per cent per annum upon their paid-up capital. Seventy -one others
of which the balance sheets are published have
yielded dividends for the year at various rates.
are classified in the following table.
Bates percent
li4to3% 4to5is 6 to T^a
No. of companies

10

5

8 to Qia

25

16

They
10 to
15

12ifl

These 71 companies have earned during the year an
aggregate sum of £334,087, of which £213,474 has
been paid out as dividend and £120,613 carried forward as credit balance or as reserve fund. There remain 15 companies which have paid no dividend because they had adverse balances to work
realized

profits

last

all of

They

year amounting altogether

£46,169, but have yet to

£77,951 before

off.

make good

them can begin

to

a total debit of
to declare divi-

however, as

previously stated in this correspondence, been steadily

improving, especially during the last nine months,
and on the whole it has enjoyed a profitable year. The
home demand for cotton-piece goods has been excelhas
lent throughout the year, and a large increase

taken place in the exports to the foreign and colonial
markets. The total quantity shipped in 1889 was 5,440,551,600 yards, against 5,216,053,900 yards in 1898

and 4,792,268,600 yards in 1897. Comparing the
of
figures for 1899 and 1898 an increase in last year
224,497,700 yards is shown. The particular markets
to

which the exports have been more or

less last

year

than in 1898 are presented in the following table, together with the amount of increase or decrease in each
case.

Increases 1899.

Increases 1899.

Yards.

China and Hong Kong. 67,748,300 West Coast of Africa
58,020,800
Foreign West Indies. ..54.7(j7,500
Bengal and Burmah... 34,270,000
23,677,500
United States
21,4?4,300
Chili
.18,003,600
Morocco
15,897,400
Philippine Islands
Dutch Possessions In
14,838,200
India
13,177,900
Egypt
11,888,800
Central America
West Coast of Africa
9,803.700
(foreign)
8,929,200
Venezuela
Argentine Republic... 6,449,000
5,291,300
Australasia
5,126,700
Canada
Portugal, Azores and
5,099,100
Madeira
5,087,600
Persia
4,911,400
Madras
4,775,100
Belgium
4,741,900
Mexico
3,223,200
Greece
2,971,800
France

Bombay

(British)

Hl%-1?,%
263,000
23,279,300

Algeria
Other countries

Decreases 1899.
Yards.
"^5.893,200

Brazil

56,890,000

Turkey

Straits Settlements.... 23,525,300
...11,115,500
.
Tannti
japan

q
Ncn ftnr»
9,lb0,buu

Germany
British Possessions in

South Africa
Holland

Uruguay
GKl?ar..:..
Republic of Colombia.

.

Pprii
--Malta.*::::
Italy
British West India Isl-

ands and Guiana
Austrian Territories...
Ceylon

^'I*j'i9x
4,631,600
2,482,900
2,^31.200
1.926,000
1.638,100
1.305,100

925,700
^^^'19Si

354,600
49,200

the markets which have taken off larger
quantities China heads the list, and sitice the exports
thither in 1898 were substantially in excess of those
recorded in 1897, it is obvious that the improved de-

Among

dends.

The spinning

It has,

from long-stapled
cotton, which was not on the whole a profitable business in 1898, improved steadily during last year, and
in the latter half of it became highly remunerative.
Possibly it is true that the great combination in which
most of them are now absorbed the Fine Cotton
Spinners and Doublers Association may, by its single
of the finer counts

—
—

that quarter has been very well sustained.
This experience accords with that of the American exBut the inport trade with China in cotton goods.
"
crease in the shipments to the " Foreign AVest Indies

mand

in

most striking item in the list. The
able margin.
But the " trust " was formed in May aggregate quantity entered under this head in 1899
1898, and it was not until the condition of trade fur- was 77,499,500 yards, against'22,792,000 yards in 1898.
nished the basis of the better margin that fine cotton- The improvement is of course the result of the
spinning began to realize its present prosperity. It is restoration of peace and the establishment of orderly
control, have contributed to

make

the present profit-

is

relatively the

On the other side of the
almost a proverb in Lancashire that three generations administration in Cuba.
are required to produce a really first-rate fine spinner, account Brazil is most conspicuous, and the great
and there can be no doubt that long experience is of falling off in that case is due mainly to the low price
immense advantage, as is also the sustained quality of coffee and bad financial administration. That
and reputation of old-established spinnings and the Turkey has reduced its demands upon Lancashire is
attachment of the buying connection through whose not very wonderful, considering that the market there
em- had been abundantly supplied in 1898, and that in
ploys a capital of £5,025,118, of which £2,000,000 con- some portions of the country the harvests of the last
sists of 4 per cent debenture stock, $1,641,412 of 5 two years have been rather poor.
In view of the very large quantity of American
per cent cumulative preference shares and $1,383,706
of ordinary shares.
Three half-yearly dividends have cotton goods consumed in Manchuria, some statebeen paid of 6, 10 and 6 per cent per annum on the ments made by Mr. Alexander Hosie, the British
ordinary shares in the order named, the last being for Consul at Newchwang, in a report Just issued by the
The de- Foreign Office, have a particular interest. Mr. Hosie,
the half-year ended 30th September 1899.
nomination of all the shares is 20s. Od. and the present who has had a long official experience in China, is a
Between 1881 and
careful and observant authority.
*Communieatecl by our special correspondent at Manchester.
agency they are distributed.

The

association

THE CHRONICLE.

206

[Vol.

LXX.

1884 he was appointed on three occasions by the including several who are steadfast gold monometalBritish Grovernment on special missions to report lists, have all along been opposed to the gold-standard
upon the economic condition of the people, the trade policy of the Indian Government. Their opposition
and the natural resources of extensive portions of has rested, no doubt, largely upon the belief that the
Western and Southern China. In his present ac- adoption of the policy would prove a dangerous and
count he enlarges upon the great possibilities of in- perhaps a costly experiment for the dependency bedustrial and commercial expansion in Manchuria, and cause of the difficulty of maintaining under all circumthe stimulus which the railways now being constructed stances a huge silver currency freely exchangeable
in the province are likely to give to its trade.
He with gold at par; but they also feared the disturbing
says that at present probably not more than one-third effect upon the monetary situation generally of a new
of its cultivable area is under cultivation.
The popu- and important demand for gold for India, the volume
lation is scanty, agricultural labor has to be imported, and duration of which no one knew or knows even

and want

of

means

of transport

is

a serious disadvan-

"With the supply of railway facilities "an im-

tage.

mense commercial future"

lies

before

the

whole

province.

Intelligence of the completion of the line

now being

built

under Kussian auspices from Port
Arthur to Moukden has recently been received, and
Mr. Hosie says that the whole length up to the
junction with the Trans-Siberian railway will be
finished in less than four years.
A branch line
connects the port of Newchwang with that from
Port Arthur, and materials for the construction
of the latter are landed at Newchwang and carried
over the branch eastward to points where they
are required.
Another line starting from the
right bank of the Liao Eiver right opposite Newchwang was nearly completed at the date of Mr.
Hosiers letter, and was to be opened for traffic to

Pekin on January

He

1st 1900.

says that these railways will bring about an en-

ormous development of the trade of Manchuria, provided that differential taxation and preferential rail-

way

now how

Their experience of the recent
serious stringency in the financial markets of Europe
and America, now happily subsiding, has tended to
increase their opposition to the course adopted by the
Indian Government.
The amount of gold so far
taken from the world's supply as a consequence of it
is about £5,500,000, of which £4,200,000 is held by
the Treasury in India and £1,300,000 by the India
Council in London. This latter sum, though lodged
to estimate.

Bank of England, does not appear in its accounts as " earmarked." It is over and above the
gold recorded in the weekly returns.
One can well

at the

—

few weeks a very
anxious period for London bankers they have not
become more reconciled to a policy which has deprived the financial markets of a sum so large and so
much needed during the recent '^squeeze" as five
millions sterling, not to speak of the prospect of its
further indefinite increase.
It is not improbable
that as soon as the distraction occasioned by the war
in South Africa has materially abated some influential
representations may be made to the Government on
the subject of the Indian gold- standard policy by the
understand that during the

last

—

not allowed to strangle its growth.
Apart from the service of the lines as means of easy
and cheap transport for merchandise, he lays stress on London bankers.
the encouragement it will give to the introduction of
Another kindred Indian subject is receiving less atlabor, the great want of the province, there being at tention than it would have had but for the war, viz.,
present no better mode by which families anxious to the proposal to establish a State bank in the dependwork on the soil can reach their destinations than that ency by amalgamating the existing Presidency banks
of walking painfully over hundreds of miles.
Mr. and enlarging their functions and responsibilities.
Hosie adds the interesting information that there are So far the project has not met with expressions of
now two mints at work in Manchuria, one at Moukden approval from those most familiar with Indian finance
and the other at Kirin, both of them coining dollars and and trade. "We are not yet in possession of the derates are

The

subsidiary silver coins.

much to
relieve the stress in the interior caused by the scarcity
of copper cash, which, it may be remarked, has for

tails of

some years been

keeping the silver money of the country, which is of
course greatly overvalued, at its nominal and reduced
parity with gold.
There may be good reason for
uniting the Presidency banks in view of the fact that
when these semi-official institutions were separately
founded the means of communication in India were
very imperfect, but it does not follow that the more
disputable part of the scheme, that of giving the
State bank the monetary control desired for it by the
Finance Minister, is to be approved.
The position of the financial markets in India has
been growing steadily tighter during the last two or
The famine of 1899-1900 is having the
three weeks.
usual effect of drawing away rupees from the monetary centres, because of the increased amount of currency required to carry on the grain trade, wholesale

latter are doing

restricting trade all over China.

He

further states that the

new coinage is beneficial in
another way, since it takes the place of paper money,
which, owing to the failure of several native banks, is

now looked upon with

suspicion.
Another circumstance favorable to the prosperity of Manchuria mentioned by the Consul is that at present its taxation is
exceedingly light, much lighter than in Central and

Southern China, and transit passes for the avoidance
of local exactions upon merchandise are rarely needed.
Indeed,

if

the treaty

" open door " be

tariff,

preserved,

existing or revised, and^the

" this remote but exceed-

ingly rich part of China cannot fail to be prosperous
in the future." These observations of Mr. Hosie
obviously tend to strengthen one's appreciation of the

the scheme, but apparently it is intended to
entrust the projected institution with the ''manage-

ment"

of the currency, including the difficult task of

i

upon international trade by the sucthe United States Government to and retail, at advanced prices. The official rates of
secure a continuance of treaty rights and equal com- discount have been advanced by the Presidency banks
mercial opportunity throughout China whatever terri- of Bengal and Bombay from 7 to 8 per cent. Moreservice conferred
cessful

torial
It

effort of

changes the future may have in

is

pretty generally

of the bankers

known

and great

store.

that most,

if

financial houses in

over the India Council in

not

all,

London,

sales of

because of

London has suspended

the

and transfers on the Indian treasuries
the low level to which their balances have

drafts

February

3,

THE CHRONirLE.

1900.]

been brought down. The Government at Calcutta
has power to coin silver on its own account, although
the mints are closed to coinage for private applicants,
and in fact no fresh rupees have been minted since
the end of June 1893. It is thought by some that
the Government will be driven to set the mints to
work upon the production of more rupees for the reThe temptation to resort to this
lief of the markets.
course was resisted on the occasion of the last famine,
and it may be resisted again. If, however, coinage
should be resumed, it will occasion a new and possibly
a substantial demand for silver in London.
With regard to the subject now most engrossing the
attention of the country, including business men generally, it is perhaps not out of place to state there is a
widely prevailing disposition everywhere to avoid embarrassing the Government in its prosecution of the
war.

Even those

schools of political thought which

The

Great Britain, according to the above
estimate of Mr. Ellison, consumed an average of 66,077
bales of 500 lbs. each per week during 1899, a loss of
673 bales per week compared with 1898, and an excess
So far as contiover 1897 of 3,577 bales per week.
the
gain over 1898,
is
concerned,
nental consumption
while quite large, is not so great as the October and
November reports indicated it would be. This is due
to the fact that Mr. Ellison has placed the average
weekly rate for the period since October 1 at 91,000
Surplus stocks at all
bales instead of 94,000 bales.
European mills at the end of the year are placed at
566,000 bales, or 102,000 bales less than they stood at
the opening. The foregoing, of course, presents the
results for 1899 only; to bring out clearly the relation
the 1899 figures bear to those for previous years, we
have prepared the following, which includes the period

More-

mills in

from 1892 to 1899, inclusive.

are not satisfied with the conduct of the negotiations
with the Transvaal before hostilities began are inclined to be silent on that question just now.

207

Bales of

Spin'rs'

500 Lis.

Slock

Jan.

Takings.

Supply.

Spin'rs' Weekly
OonConsumption. Stock

Dec. 31. sumpl'n

1.

over the history of the racial conflict in South Africa
Ct. Britain.

has been widely studied by many people, many intel- 1699
ligent people even, who were before but imperfectly 1898
1897
acquainted with it. The result is, as all the world 1896

unanimity in supporting

sees, that there is practical

the war and in resolution to bear cheerfully

all

the

199,000
108,000
122,000
130,000
90.000
69,000
160 000
132,000

1895
1894
1893
1892

3,396,000
3,562,000
3,236,000
3,268,000
3,296,000
3,258,000
2,879,000
3,074,000

3,595,000
3,670,000
3,358,000
3,398,000
3,386,000
3,327,000
3,039,000
3,206,000

3,436,000
3,471,000
3,250,000
3,276,000
3,256,000
3,237,000
2,970,000
3,046,000

159,000
199,000
103,000
122,000
130,000
90,000
69,000
160,000

66,077
66,750
62,500
63,000
62,615
62,250
57,115
58,585

which it may demand. There will, of course,
be a good deal of criticism, some of it severe perhaps, Continent.
469,000 4,774,000 5,243,000 4,836,000 407,000 93,000
when Parliament opens at the end of this month, but 1899
252,000 4,897,000 5,149,000 4,680,000 469,000 90,000
1898
to judge from the attitude of the people in general, 1897
298,000 4,387.000 4,685,000 4,433,000 252,000 85,250
379,000 4,118,000 4,497,000 4,199,000 298,000 80,750
and in particular among the population of this north- 1896
491,000 4,030,000 4,521 ,000 4,142,000 379,000 79,654
1895
ern part of the country, which has the reputation of
245,000 4,125,000 4,370,000 3,879,000 491,000 74,596
1894
227,000 3,696,000 3,923,000 3,678,000 245,000 70,731
being cool headed and accustomed to take common- 1893
266,000 3,622,000 3,888,000 3,661,000 227,000 70,400
sense views of affairs, it does not seem likely that the 1892
main object of the conflict, a secure and equitable All Europe.
668,000 8,170,000 8,838.000 8,272,000 566,000 159,077
1899
government throughout South Africa, and equal 1898
360,000 8,459,000 8,819,000 8,151,000 668,000 156,750
420,000
7,623,000 8,043,000 7,683,000 360,000 147,7-''
1897
electoral rights for the two races, will be for a moment
509,000 7,386,000 7,895,000 7,475,000 420,000 143,750
1896
lost sight of or abandoned.
It may further be said 1895
581,000 7,326,000 7,907,000 7,398,000 509,000 142,269
314,000 7,383,000 7,697,000 7,116,000 581,000 136,846
that the spirit of our people has been much cheered 1894
387,000 6,575,000 6,962,000 6,648.000 314,000 127,846
1893
and heightened by the attitude of the colonies and 1892
398,000 6.696,000 7.094.000 707.000 387,000 128.985
by the warm and widely prevalent sympathy of the American people, of which intelligence has come again and
The financial results of operations of the mills in
again across the Atlantic during the last few weeks.
Great Britain have been especially satisfactory during
the year. Prom the data we have at hand extending
COTTON SUPPLY AND CONSUMPTION IN back to and covering the year 1884 it is evident that
EUROPE.
1899 has furnished a greater margin of profit than obMr. Ellison's "Annual Eeview of the Cotton Trade tained in any recent year. Our cable states that 78
for the Year 1899" was issued in Liverpool on Tues- companies in the Oldham district report an aggregate
day of the current week, and by freely using the profit of £343,699 in 1899, or an average of £4,406
cable we are able to present to-day all the results of per mill, against only £3,307 per mill in 1898 and but
interest contained therein.
The figures cover not £1,857 in 1897. From 1885 to 1886 and from 1892 to
only statistics of supply and consumption for the 1894 were periods of loss, ranging from £31 per mill
calendar year 1899 and the first three months of the in 1885 to £1,127 in 1892. The greatest profit per
new crop season, but also detailed estimates of im- mill heretofore reported was £4,170 in 1890. The
ports, consumption, etc., for the full season ending showing made by the Oldham mills since 1883 has been
Oct. 1 1900, and actual results for earlier years.
as follows.
For the calendar year 1899 there is a small decrease
Profit per mlU, £4,406
1899
78 Companies- -Profit, £343,699.
in the consumption of Great Britain and an increase
"
"
"
1898
70
231,518.
3,307
on the Continent. The actual figures for 1899, in bales 1897
79
147,724.
1,857
sacrifices

fi,

—

—

of 500 lbs., have

been as follows.

SPINNERS' TAKINGS, CONSUMPTION

In SOO-lb. Bales.
Stocks January 1 1899

Takings

Supply

Consumption
Stocks January 1 1900

Weekly consumption

Ot.

AND STOCKS

Britain.

IN 1899.

Oontment.

Total.

1896
1895
1894
1893
1892
1891
1890
1889
1888
1887

92
95
93
93
90
93
90
86
85
88

199,000
3,396,000

469,000
4,774,000

668,000
8,170,000

3,595,000
3,436,000

5,243,000
4,836,000

8,838,000
8.272.000

159.000

407,000

566,000

1886... ....90

66,077

93,000

159,077

1885
1884

87
60

"
"
"

"
"
"
"
"
"

"

46,772.
63,329.
Loss.
15,837.
"
72,768.
101,434.
Proat,
10,763.
376,041.
"
220,587.
"
250,932.
85,810.
Loss,
61,718.
"
2,730.
Profit. 125.000.

"

It

Loss
"

"
«

"

508
667
177
782

"

"
"

Profit

"

116

"

4,170
2,565
2,952

"
"
"

Loss
Profit

'•
••

"
"
•'

1,127

975
686
31
3,083

THE CHRONICLK

208
The

exports of yarns

in 1899

and g oods from Great Britain

were 1,301,489,000

lbs.,

against a total of

The

[Vol.

LXX.

cable also brings very full details of Mr. Elli-

son's estimates of imports, consumption, etc., for the

This is the largest total full season of 1899-1900. Sofaras American cotton is
in our record.
Compared with 1897 the excess is concerned the results are based on a crop of 9,500,000
bales.
From all countries the aggregate imports for
79,796,000 lbs.
the
taktwelve
of
months are placed at 7,405,000 bales of
We have also received by cable the figures
From America he expects 5,925,ings, consumption, &c., for the three months of the ordinary weights.
The spinners talcings in 000 bales; East Indies, 500,000 bales; Egypt, 780,000
season since October 1.
1,285,006,000 lbs. in 1898.

October 1

to

January

1.

Qreat Britain.

Oontinent.

Total.

For 1899.
Takings by spinners... bales
Average weight of bales. lbs
Takings in pounds

962,000
516
496,392,000

1,127,00(

2,089,000

497

5050

1,018,000

.

511
520,238,000

2,244,000
501-8
494
605,727,000 1,125.965,000
1,226,000

According to the above, the ave rage weight of the
deliveries in Great Britain is 516 pounds per bale this
season, against 511 pounds during the same time last

The Continental

season.

West

Brazil,

average

deliveries

per bale, against 501*8 pounds last season. Our dispatch also gives the full movement for this year and
last year in bales of 500 pounds.

American
East Indian
Egyptian

Bttitg of

1899.

Jan. 1

500

1898.

Sundries
Total

Portstocks Europe Oct.

Qreat

Oonti-

Britain.

nent.

56,
273,

441,
238,

497,
511,

679,
364,

1,008,

640

329,
276,

425,
339,

470,
670,

53,
325,

316,
373,

368,
698,

376,
276,

764,
364,

1,140
640,

378,
276,

688.
364,

1,066,

100,
404,

400.
462,

500.
866,

102,
442,

324,
600,

504,
345,

862,
455,

1,366,
800.

544

Oonsmnp. Dec, 5 wks.

345.

Spinners' stock .Tan. 1

159,

407,

566,

199

Qreat

Oontinent.

Total.

258,

473,
316,

533.
574,

Oct., X wks.

321,
276,

789.
364,

Spinners' stock Nov. 1
Takings in November.

45,

331,

Britain.

Bplnners' stock Octl
Takings In October...

Total supply

Oonsump.

Total supply

CooBump. Nov., 4 wks.
Spinners' stock Dec.

1

Takings in December.
Total supply

63,

1,110

Actual.
1898-99.

7,076,000
796,000
678,000
102,000

30.

ActUMl.
1897-98.
7,258,000

643,000
767,000
127,000

7,405,000 8,652,000 8,795,000
358,000
957,000
722,000
53,000
52.000
E. Indian.
52,000
31,000
28,000
Egyptian
30.000
52,000
58.000
Sundries..
36,000

1— American.
.

496,000
858.000
1,075,000
8,480,000 9,510,000 9,291,000
6,345,000 6,841,000 6,894,000
642,000
500,000
800,000
764,000
677,000
780,000
200,000
117,000
133,000

Total stock
Total supply
Deliveries— American
East Indian

Egyptian
Sundries

7.825,000
655,000

Total

8,435.000
1,075,000

8.433,000
858,000

With regard to consumption, Mr. Ellison estimates

lbs. each.

000< omitted.

TO SEPTEMBER

500,000
780,000
200,000

Leaving stocks at ports Sept. 30
Oct. 1 to

1

Eslimated.
1899-00.
Bales. 5,925,000

497

pounds, against 494 pounds last 'year, and for the
whole of Europe the deliveries average 506 -0 pounds

Indies,

IMPORTS AND DKLIVEBIES OCTOBER

558,519,000 1,054,911,000

For 1898.
Takings by splaners. .bales
Average weight of bales.lbs
Takings in pounds

and

Smyrna, &c., 200,000 Dales. Presented in tabular form the estimate in
ordinary bales is as follows, comparison being made
with revised results for 1898-99 and 1897-98.

bales,

actual bales and pounds have b een as follows.

Total.

that the mills will use less cotton from Jan. 1 1900,

and

640,

640

for the remainder of the year closing with

1900, than for the

same months

for this opinion

in

is

line

in 1899;

Oct. 1

his reason

with what he said in his

October annual, that increased cost would result in a
curtailment. But even if this expectation is realized,
His
mill stocks will still be appreciably reduced.
estimate for 1899-1900 compares as follows with the
actual results for 1898-99

426

and

for 1897-98.

1,042.

Deliveries, actual bales

1899-1900.
7,825,000

924,
465,

1,468,

Deliveries, 500 lb. bales
MIU stocks Oct. 1

7,755,000
536,000

8,394,000
497,000

8,343,000
214,000

469.

668,

Total supply
Consumption, 52 weeks

8,291,000
8,055,000

8,891,000
8,355,000

8,557.000
8,060,000

800

The comparison with

1898-99.
8,435,000

1897-98.
8,433,000

last year is made more strikMIU stocks Sept. 30
236,000
497,000
536,000
together
bringing
the above totals and adding
ing by
Combining the two statements it will be seen that
the average weekly consumption up to this time for
whereas at the opening of the season stocks at the
the two years.
ports and at the mills in Europe reached 1,611,000
1899.
Oct. 1 to Jan. 1.
1898.
bales, they would be only 891,000 bales at the close of
Bales of 500 lbs. each,
Qreat
Qreat
the season, or a decrease of 720,000 bales.
OontiOonti000« omitted.

Spinners' stock Oct.l.
Takings to Jan. 1

Britain

Total.

nent.

63,
993,

1,117,

Supply
1,056,
Oonaumpt'n. 13 weeks
897,
Spinners' stock Jan. 1
WeeTcly

56,

536,
2,110,

1,040

1,590,
1,183,

2,646,

1,096,

2,080

897,

407,

566

199

nent.

441.
1,211

Total

497,
2,251,

1,652, 2,748,
1,183. 2,080,

469,

668,

Oonsumption

00s omitted.
In October...

In November
In December

is

159,

473.

Britain

69,0
69,0
69.0

91,0
91,0
91.0

160,0
160.0
160.0

69,0
69,0
66.0

91,0
91,0
91,0

160,0
160,0

1600

The foregoing shows that the weekly consumption
now 160,000 bales of 500 pounds each, or the same

as at the corresponding time last year.

Mr. Ellison's
of 1899 gave a
larger total than this, but, as stated above, he has
reduced his estimate for the Continent for the last
quarter of 1899 to the same rate as that for the same

monthly reports during the whole

three months of 1898.

The

total spinners' stocks in

Great Britain and on the Continent have increased
66,000 bales during the month, but are now 102,000
bales less than at the same date last season.

BUSINESS

IJV

ENGLAND IN

1899.

[Communicated by our London Correspondent.]

LoNDGJsr, Jan. 13, 1900.

Trade proper, as distinguished from agriculture,
has been more prosperous during the past year than
for the previous quarter of a century, and probably
has been better than in any year in the history of the
The turn-over has been exceptionally large.
country.
Prices generally have advanced steadily and wages
likewise have greatly improved. And although the
prices of raw materials have advanced also, there is
no doubt that the margin of profit was very large.
Trade had been improving up to the end of 1898 and
the settlement with France of the various African
questions at issue between the two countries seemed
to give promise of a long period of peace. Everybody
began the year in a spirit of hope.
It is true that the rates of interest and discount
were high at the end of 1898 and that it was generally

—
February
recognized

THE CHRONICLE.

3, 1900.]

they

tbat

would

moderately

be

high

throughout the year just closed. But still there was
abundance of banking accommodation and the general
feelirg was that in every direction

improvement was

To some extent the geiaeral

to be looked for.

activity

in business was stimulated by the large orders of our

209

Bessemer billets began the year at from
£6 to £8 10 per ton and closed it at £9 per ton. SiemensMartin steel at the beginning of the year was from £6 10s.
to £7 per ton, and at the end was from £10 to £13 per ton*
Generally the reports from the great districts are that as
yet the rise in prices has not checked business. In some
places it is alleged that the more rapidly prices have advanced the larger have been the new orders placed; while it
is generally believed that manufacturers have orders in
hand which will not be completely executed during the new

At

before.

Sheffield

other governments for ships of war. But
the main causes of the general prosperity are to be
Ever since the year. Still, the rise in prices is not favorable to the consought in economic influences.
recovery of credit after the Baring collapse, the tinued expansion of business, and it is the less favorable
the iron and steel trades are so active and flourishbusiness of the country, both home and foreign, has because

own and

ing in all the great leading countries of the world— the
been expanding, and when activity revived in GerUnited States, Germany, Belgium, and so on. It is generally
many, the Scandinavian countries and Belgium, a believed, whether rightly or wrongly, that makers' stocks
new impetus was given. The marvelous prosperity are now practically cleared out. Connal's stock of Cleve*
of the United States since the Presidential election at land iron at the close of the year was only 70,000 tons.
the close of 1896 has further stimulated business here; Their stock of hematite pig-iron was 9,500 tons. The Northand in spite of some adverse influences, such as the eastern Railway Company's store has been almost depleted
of iron and the stocks of Cleveland pig-iron in the public
outbreak of the South African war, the calling out of
stores are said to be also nearly cleared out.
the reservists, militia and volunteers, and the charterThe coal and coke trades have naturally been as prospering of about 300 vessels by the Government, the ous as the iron and steel, and the year has seen precisely
growth of all kinds of industry has been unbroken similar phenomena. Prices have risen, the exports have increased, the home demand has been pressing, and the wages
throughout the year.
of miners have risen rapidly. There was a great augmenAs usual, the rise in prices has been greater than
tation during the year in the shipments of coal, whether for
the rise in wages.
But the working classes have export proper or for steamer's use. And manufacturing and
shared very considerably in the increased prosperity coking coal have also been consumed on an unprecedentedly
of the country; and it seems certain that they will large scale. The greatest demand has been for steam coal
share much more largely in the early future. In most in the South Wales district, where, it is said, as much as 30s»
great industries there are complaints of the want per ton has been paid. But that was, no doubt, an excep;

tional transaction; 26s., however, has frequently been paid.
In some there is an unwillingness on
In the other parts of the country the rise in prices has not
the part of the workingmen to work more than
been so great. It was not so very rnarked, indeed, until the
four days a week; and as the pressure of orders is second half of the year, and was not very pronounced even
great, it seems inevitable that there must be a further until September or October. No doubt the chartering of so
rise in wages.
For the new year the prospect would many ships by our Government had a very considerable
be very bright, therefore, were it not for the great rise influence on the market. But it is reasonably certain that
in any case there would have been a very considerable rise
in the prices of raw materials that has taken place,

of

labor.

in prices; for the

especially in the latter

This great
there

is

rise

is

months

of the year just closed.

calculated to check purchases and

we have reached

great apprehension that

the highest point of the national prosperity for the
time being.

The

iron

and

steel trades

and the coal and coke

—

the great instruments of modern industry
have naturally led the way in the general improvement. It is not possible yet to ascertain the total outturn of iron ore during the past year, for the official
statistics have not yet been collected.
But the general belief among those engaged in the industry is
that the out-turn will not be very much larger than
in 1898.
The home production of pig iron, it is liketrades

wise believed, will be about the same, or not greatly larger.
But there has been an exceptional import of pig iron from
abroad. On the other hand, there has been an exceptional

The strike in Belgium caused an unusual demand
on the part of Belgian manufacturers and Germany, likewise, has taken an unprecedented quantity. It is at home,
however, that the main consumption has taken place. And
in every great district of the United Kingdom there is a
complaint that the supply is insuflScient for the demand,
and a fear, therefore, that trade may be checked by the ab
normal rise in prices that is taking place. Iron ore in the
Barrow district has risen about 25 per cent. Warrant iron
has advanced from 55s. per ton at the beginning of the

export.

;

year to 73s. 2d. at the end. In the West of Scotland angles
are now £8, against £6 7s. 6d. twelve months ago; ship-

£8 7s. 6d., against £6 17s. 6d, and boiler-plates.
£9 15s., against £7 15s.
Cleveland pig iron beginning
the year at 44s. 6d. for warrants, at the end of December
plates,

was

at 70s.

is

so great that the supply has

not kept quite up with it. It is perhaps natural that when
miners are receiving very much higher wages than usual
they should be inclined to take more holidays. At all events
it is complained by the coal ownex's that they cannot induce
the miners over a great part of the country to work more
than four days a week and therefore the supply does not
augment with the demand. For that reason it is feared that
there will before long be a further very considerable rise in
the price of coal. And if there is, that will probably react
upon the iron and steel industries, and through those will
have a depressing effect upon trade generally.
The calling out of the reservists, militia and volunteers
has withdrawn a considerable number of men from mining
as well as from the iron and steel trades, and therefore has
tended to lessen the number of miners; while it is said that
boys are not as willing now as they were in times past to
go down into the mines. Possibly the want of labor is
somewhat exaggerated by employers. But however that
may be, it is certain that the rise in the price of coal is a
serious matter for the future of trade. It is not known
what the actual consumption of coke is in this country, but
it is usually estimated at from twelve to thirteen million
tons; and the rise in coke has been quite similar to that in coal.
It should be observed, however, that many coal owners do
not think that present prices are likely to be naaintained,
and that some of the great railway companies are refusing
to make contracts for future supplies, believing that by
buying from hand-to-mouth at present they will be able to
make a better bargain by and by. On the other hand other
coal owners are certain that the advance will go very much
further. They point out that the rise in December was
greater than in any preceding month of the year, and they
predict that within the next two or three months there will
be a further advance. This month and in March wages in
some of the principal districts will be re-arranged; and as
the wages of the miners have not risen proportionately as
much as prices, it is predicted that there will have to be a
further considerable advance in wages. If so the argu-

Manufactured iron of all kinds has likewise
remarkably in price. The tin-plate trade of South
Wales has completely recovered from the set-back it received by the passage of the Dingley tariff. And the steel
ndustry in all its branches is more prosperous than ever ment
risen

demand

;

,

is

that the price, likewise, will go higher.

210

THE CHRONICLE.

The copper market has moved very actively under the influence of speculative operations, the great combination in
the United States exercising very decided influence The
price of copper at the beginning of the year was £57 17s. 6d.
advanced throughout January and February. Then there
of quietude until May, when there was another
advance to over £79. After that the price somewhat declined, closing for the year at £70. The average, however,
has been £73 lOs. lOd, against £51 14s. 3d. for 1898. American
purchases of copper in this country have been on an extraordinary scale, much of the stocks recently sent to Europe
having been bought back. On the other hand, the consumption in this country, in consequence of the high price,
has decreased, it is said, about 16 per cent. In tin, also,
there has been considerable speculation, largely due to
American operators and to the decision of the Dutch Government to increase its sale of the metal. The opening
price for Straits tin was £86 10s. and the closing £112 5s.'
It

was a period

the average being £122 16s. 8d., against £71 15s. lOd. in 1898.
Large as was the shipbuilding of 1898 it has been exceeded
in 1899. In total tonnage the construction of the year has
exceeded that of any preceding 1 2 months and in general the
ships are larger individually. The number of sailing ships
built is very small, almost all our yards being employed

upon steam tonnage.
the

And it looks as if the construction of
year, though possibly not equal to that of 1899, will
be very great. What makes all this the more remark-

new

still

able is that shipbuilding has been very active all over the
world, so that the total construction of 1899 will largely exceed anything hitherto known. The total tonnage output
of the United Kingdom in 1899 was 1,731,513 tons, against
1,661,853 tons in the preceding year. Of the total the shipbuilding yards of the Clyde turned out more than one-fourth.
With regard to individual yards, Messrs Harland & Wolff,
of Belfast, turned out the largest tonnage and the largest
individual item of the year, the total tonnage built by them

being 82,634 tons. The next largest tonnage is that of
Messrs. William Gray & Co. of West Hartlepool. Then
comes Sir Christopher Furness's two companies at West
Hartlepool, In the middle of the year there was somewhat
of a slackening, the general impression amongst ship-owners
being that building was being carried too far. that prices
had been run up too suddenly, and that probably there
would be a set-back before long. But during the second
half of the year, and especially during the last four months,
new orders have been placed in very large numbers. To a
very large extent, no doubt, this was due to the chartering
of so many ships by the Government and the consequent

But the main cause, of course, was the extraordinary activity of trade all over the world.
At the end of 1898 the long- continued drought in Australia
had killed so many sheep that merino wool had become exceedingly scarce, and consequently there was a recovery in
the price. All through 1899 the recovery has continued,
and the rise compared with 1898 is from 60 per cent to 70
per cent. For a considerable time the rise was confined to
merino wool, but after a while crossbreds came into demand,
and later the coarser kinds. In medium to fine crossbreds
the rise during the year has been from 50 per cent to 60 per
cent, and in coarse qualities from 45 per cent to 55 per centThe market is still very strong, and the probability is that
the high prices will be maintained; for in N. S. Wales,
which is the great sheep-raising colony of Australia, the
drought is not yet at an end. In Victoria, however, it is
ended, and no doubt the Victorian flocks will increase
Still the probability appears to be that for at least a year, if
not more, the present level of prices will be maintained. The
rise in the price of the raw ^material undoubtedly originated
in the scarcity of merino wool, owing to the drought in
Australia. But the rise has been stimulated this year by a
very marked improvement in the demand for manufactured
wool of all kinds; so that while the raw material is higher
in price than for nearly a quarter of a century past, the demand for the manufactured article is greater than for
several years past.
At the beginning of the year just closed there was a very
depressed feeling throughout the Yorkshire woolen manufacturing districts. It seemed as if the tide of prosperity
which was affecting almost every other industry in the
country was passing Bradford and Leeds by. Very soon,
however, this was proved to be a mistake. As spring ad-

rise in freights.

[Vol.

LXX.

vanced and was succeeded by summer, activity extended itself to almost every branch of trade; wool-staplers, spinners, manufacturers, merchants, all grew as busy as they
could be; orders poured in; and as the year closed all manufacturers found themselves with work sufficient to occupy
them for six or eight months. The depression in Bradford
and the neighboring district dated from the passing of the
Dingley tariff, which had reduced the exports to the United
States by about two millions sterling per annum. The
Bradford manufacturers and merchants, however, did not
sit down idle.
They looked around to see where they could
find new customers. And now they are as busy as they
were before the Dingley tariff was passed, pushing their
wares in entirely new markets.
In the other textile trades there has been nothing so dramatic as the rise in the prices of wool or the recovery in the
Yorkshire manufacturing industry. But almost all the industries are well employed, wages are fully maintained,
and all who are willing to work have occupation. The
same is true of the chemical industries, and indeed of all
the smaller industries of the country. With the exception
is hardly a business which is not experiencing activity and making very handsome profits; while
in many of the larger industries prosperity is greater, perhaps, than ever was known before.
The extraordinary activity of business in the past year is
perhaps best shown in the increase that is exhibited by the
Clearing-House returns, the railway traffic returns and the
revenue statements. The total clearings of the London
Clearing House amounted in 1899 to £9,150,269,000, against
£8,097,291,000 in the year before, being an increase of £1,In Manchester the clearings
052,978,000, or 13 per cent
were £222,561,800, against £204,951,700 in the year before,
an increase of £17,610,100, or over 8^ percent. In Liverpool and Bristol the increased clearings are 12 16 per cent
and 53^ per cent, respectively; while in Newcastle the increase exceeds 17 per cent. In Birmingham alone is there
a falling off. It is true that, year by year, the use of cheques
is becoming more general, so that now even very small shopkeepers pay into their bankers all the moneys they receive
once or twice a day, and draw what they require by cheeky
And this greater use of cheques may perhaps account for
a considerable part of the rapid increase in the clearings
that.is shown annually. Further, the Clearing House returns
do not give us a strictly accurate view of the growth in the
country's trade, inasmuch as they include Stock Exchange
operations. But that so enormous an increase as over
1,000 millions sterling in the clearings can have taken place
in a single year which was marked by so much political apprehension, and which for three months at least was disturbed by war, clearly shows that trade must have been exceptionally prosperous.
Seventeen of the principal railways in the United Kingdom earned altogether £44,220,000, being an increase over
the preceding year of £1,568,000, or about 3*6 per cent. And
it will be recollected that 1898 was a year of exceptionally
great activity and of an extraordinary increase in the rail-

of agriculture, there

way traffic returns.
first nine months of the financial year, which it
be recollected closes on March 31 next, the total revenue amounted to £75,890,195, being an increase over the
corresponding period of the last financial year of £4,379,196,
or 6 per cent. Thus it will be seen that whether we take the
Clearing House returns, the railway traffic returns, or the
revenue returns, we have reflected in each and all a marked
growth in the business of the country, and an activity
that has been advancing by leaps and bounds year after

For the

may

year.

The total value of the imports into the United Kingdom
from foreign countries and British possessions was £485,075,514, being an increase of £14,696,981, or 312 percent.
The largest increase, as might be expected from what has
been said above,
millions sterling.

is

in metals,

The next

the increase exceeding six
largest increase, £4,410,000,

is

in raw materials for sundry industries and manufactures.
The next is in manufactured articles, nearly 4^4 millions
sterling; and the next in articles of food and drink. There

a decrease of over 5^4 uiillions sterling in the import of
raw materials for textile manufactures, which is mainly
caused by the delay in the imports of cotton. The decrease
does not, it need hardly be said, mean that the textile Indusis

,

February

THE CHRONICLE.

3, 1900.]

manufacturers look with anxiety
simply
owing to the belated shipIt
is
future.
the
to
ments of cotton.
The total value of the exports of British and Irish produce
and manufactures was £264,660,647, being an increase of
In the exports for 1899, how£31,301,407, or 13-4 per cent.
the
value
of
new
ships sold to other counincluded
ever, are
tries, an item which is not included in the figures for 1898.

tries are inactive, or that

Deducting, therefore, the value of new ships, we find that
for purposes of comparison with 1898 the real value of the
exports was £255,465,455, an improvement of £22,106,215, or
9 47 per cent. There has been a very marked increase in
the purchases from this country by our foreign and colonial
customers. In previous years the imports of the United
Kingdom had steadily grown, while the exports showed little expansion, the great cause being the very marked decrease
in American purchases that followed upon the passage of
the Dingley Tariff. Now, however, the greater prosperity
of other countries is making up for the loss of American
custom, and, besides, the United States is buying more than
in 1898 or 1897, although she is buying very much less than
before the period of depression. As said above, the total
value of the imports was a little over 485 millions sterling.
Of these imports, however, 65 millions sterling worth were
re-exports. Consequently the net imports were of the value
of 420 millions sterling, On the other hand, the total value
of the exports, as already said, was a little under 265 millions sterling. Subtracting the latter figure from the net
imports, we get 155 millions sterling as the excess of the
value of the imports over the value of the exports. It is to
be borne in mind, however, that the value of the exports is
taken from the declarations of the exporters, and therefore
does not include either freight, insvirance or commission. On
the other hand, the value of the imports is the value at the
port of landing, and consequently includes freight, insurance and commission. The real excess in the value, therefore, is greatly less than the nominal figures given above.
It is noteworthy, too, that the excess of the imports over
the exports has considerably fallen off during the past year,
owing to the increase in the exports. In 1898 the excess of
imports over exports was as much as 176 millions. In the
year just closed it is, as already said, very little more than
155 millions sterling.

Politically the year

between

opened

well.

Better relations existed

and the United States than ever before perhaps. With Germany, also, an understanding had
been arrived at respecting African affairs and also Chinesewhile it was well known that the British Government was
this country

aiding Germany in its negotiations with Spain for the purchase of the Caroline Islands. "With France, too, an arrangement had been reached respecting the African spheres of influence of both while the Dreyfus affair was exciting so
much apprehension in France that it seemed that all
France's efforts would be needed to maintain order. A
large part of Russia was suffering from famine, and already
it had become known that the prospects of some of the growing crops were very bad. It may be added that they were
rendered worse later by drought, and that the famine in
consequence has been intensified, Russia is engaged, moreover, in reorganizing and re-arming her army. She is far
from having completed the Siberian Railway. She has quite
enough to do to in assimilating Manchuria while, lastly,
she has been uaable to raise large loans either in Europe or
the United States. Therefore it seems reasonably certain
that Russia would do nothing to break the peace.
Unfortunately, in May the restlessness in the Transvaal,
which had continued so long, and so often threatened to
precipitate hostilities, became more acute than ever, and a
petition signed by 21,000 British subjects resident in the
South African Republic was presented to the Queen asking
for her protection. A conference between Sir Alfred Milner,
the British High Commissioner for South Africa, and President Kriiger of the South African Republic was held at
Bloemfontein, the capital of the Orange Free State, but
utterly failed, as President Kriiger refused to yield a single
demand of the Uitlanders. Negotiations were, however,
shortly afterwards resumed. But after many changes and
shiftings they were finally broken off, and the Transvaal and
the Orange Free State declared war against this country.
The outbreak of the war had a very great effect upon the
money markot. It was notorious that under any circum;

;

211

stances money would work close here at home, in the United
States and in Germany, It may perhaps be recollected that
during the last three or four months of 1898 there was very
great stringency in Germany, and the Imperial Bank had to
put up its rate to 6 per cent. Early in 1899 the rate was reduced by successive steps to 4 per cent. But all careful observers were aware that the ease would be very temporary,
and that in the summer rates would again advance. As a
matter of fact, the Imperial Bank put up its rate from 4 per
cent to 43^ per cent on June 20, and on July 13 the Bank of
England followed, advancing its rate from 3 per cent to ^%
per cent. In August the Imperial Bank of Germany put up
its rate to 5 per cent. It was evident to all careful observers
that the stringency was only just beginning in Germany
and that the Bank rate there would have to go higher, for
trade was exceedingly active. There was a large speculation, and the formation of industrial companies had been
on an unprecedented scale, Germany, moreover, had obtained large funds from the United States, France and England, and if any of those funds were withdrawn the effect
upon the Berlin money market must be very great. Furthermore, the wonderful prosperity of the United States was
such that nobody could doubt that money would become
both scarce and dear before the year closed. Here at home
the trade activity led to a steady and constant outflow of
gold coin from the Bank of England to the interior, while
there was a steady foreign demand for such gold as came
from abroad. In consequence of both of these phenomena
the reserve of the Bank of England was smaller than it

ought to have been
Another powerful influence operating upon the market
was the decision of Indian Government to act immediately
upon the recommendation of the Currency Commission,
which had reported strongly in favor of the gold standard.
The Indian Government concluded arrangements with the
Indian mining companies by which all the gold raised in
India was to be handed over at once to the Indian treasuries.
Moreover, India bought a good deal of gold in Australia,
and it began to " earmark " gold in the Bank of England,

The demand

for India council drafts

was

so

much

larger

than the current requirements of the Indian Government
that it had a considerable surplus in hand, and this surplus
it had resolved to employ in putting aside gold in the Bank
of England,
For all these reasons it was evident that the closing
months of the year would witness very considerable stringency. But the outbreak of war added a further cause.
South Africa had been sending regularly for some time before nearly two millions sterling of gold per month to London. The war at once stopped these remittances; while the
preparations of the Government made it necessary to ship
considerable amounts of gold from London to Capetown for
paying the troops and defraying the necessary expenses. In
addition to all this an exceedingly good harvest in Argentina and an exceptionally large wool clip, sold at exception-

high prices, enabled Argentina to withdraw from London large amounts of gold.
The result of all was that the Bank of England raised its
rate of discount on October 3 from 3J^ per cent to 4^^ per
cent, and two days later to 5 per cent; and in the same week
the Imperial Bank of Germany advanced its rate from 5 per
cent to 6 per cent. On the last day of November the Bank
of England further advanced its rate from 5 per cent to 6
ally

per cent; while in

December the Imperial Bank of Germany

from 6 per cent to 7 per cent, and the Bank
of France put up its rate from 3 per cent to 4:% P^r cent. The
Bank of England rate had not been as high as 6 per cent
since the Baring collapse; and as credit was exceedingly
good and trade perfectly sound, so high a rate at a time of
such exceptional activity was strongly felt, and the directors of the Eank of England naturally delayed making the
change until they were driven to it by the stress of circumstances. It may be added that since the Bank of Prussia
was turned into the Imperial Bank of Germany, shortly after
the Franco-Prussian war, the Imperial Bank had not been
obliged to raise its rate to 7 per cent until December last.
But though the high rates have, of course, pressed upon
business, there has been no serious trouble.
Here at home,
indeed, there has been no difficulty of any kind outside of
the Stock Exchange; and even in the Stock Exchange the
failures have been small individually and not verj' numerraised its rate

«

J

THE CHRONICLE

212

Even in Germany, though gloomy fears were entertained, there have been no serious difficulties.
ous.

The

silver market has been fairly steady throughout the
year, without any remarkable movement. In April the price
rose from 27i^d. to 39d. on the formation of a smelters'
combination in the United States. But in May there was a
decline. And at the close of the year the price was 37 3-16d.

The appended

table, made up from the official statements
of England, shows the position of the Bank as
regards bullion, reserve, etc., each week of the year.

Bank

of the

BANK OF ENGLAND
fl

The

issues of

new

loans and

new companies have been on

securities, which was on so large a scale after the alarm
created by the silver agitation, continued heavy early
in the year; later, some investment buying of j,American
securities was occasionally noted. There has only been a
fair amount of business in the mining market. When an
arrangement with President Kruger seemed probable, the
public rushed in to buy, and on unfavorable news there was
a good deal of selling. But upon the whole, though business
was fairly good, there has been nothing remarkable about it.
The only event of real importance has been the fall in
consols. The highest price, lllj^, was reached in the middle
of January. The lowest, on December 22, was 97^-^, a fall
in the interval of 13%. This fall was due mainly to the
action of the Chancellor of the Exchequer. For some years
previously che various amounts allocated to the Sinking
Fund had averaged about 7 millions sterling annually, and
almost the whole of these funds were applied to the buying
up and canceling of consols. Moreover, the British Government guarantees the principal and interest of all moneys
paid by the savings banks into its hands, and the receipts
from the savings banks, after allowing for all withdrawals, have averaged for some three or four years past
about ten millions sterling. These savings banks funds
have also been invested in consols. Thus, for some years
previous to 1899 the British Government has been buying
consols to the extent of about 17 millions sterling annually.
The present Chancellor of the Exchequer, in April last, reduced the Sinking Fund by two millions sterling, and
shortly afterwards he announced that he had ceased investing the new savings banks money in consols, and that
he proposed, instead, to lend the funds to the home local
authorities, to the crown colonies and to India. Thus at
one stroke the Chancellor of the Exchequer stopped the
purchases of consols to the extent of 12 millions sterling
annually. Naturally the withdrawal of so great a purchaser had an exceptional influence upon the market. At the
8ame time the rise in the value of money induced great
capitalists all over the country to sell consols and to employ
the prodeeds in trade. Lastly, investors were strongly reminded that in three years' time the interest on consols will
be reduced from 2% per cent to 2% per cent while 20 years
later it will be open to the Chancellor of the Exchequer of
that day to reduce the interest still further if the market
allows of such an operation.
The stoppage by the Chancellor of the Exchequer of purchases to the extent of 12 millions sterling annually would
of itself have had a very marked effect upon the price of
consols. But when he went on to justify his action by reminding the country that in three years the interest would
be reduced and that in twenty-three years a new conversion
might be effected, he completely alarmed consol holders, and
the selling has been almost continuous ever since. When
the war broke out it became clear to everybody that the resumption of the purchases of consols by the Chancellor of
the Exchequer would have to be postponed for a considerable time. For naturally he will employ the savings banks'
money in financing the war instead of in reducing debt or
in lending to the local authorities.

CO

h a
0.2

1899.

IN 1899.— [00,000s OinittCd.]

Deposits.

®

Securities,
4^

.25 a

13

per ounce.
a very moderate scale, indeed on a very small^^scale. The
British Government, in addition to renewing^the Treasury
bills, which are always running, raised three millions sterling by a public issue of Treasury bills. Colon ial||loans somewhat exceeding nine millions sterling were likewise brought
out, and there were several issues, none of which were of very
great magnitude, by railway companies, municipaljcorporations and the like. The only important foreign loan was
that of Japan for ten millions sterling, issued in June. The
Argentine Government endeavored to negotiate a loan for
six millions sterling, but failed, and there was a Chinese
imperial railway loan of £2,300,000.
The movements on the Stock Exchange have likewise
not been very important. The selling of American railroad

LXX.

[Vol.

£

&

s.

Jau. 4.. 27,7
'•
11.. 27,7
" 18.. 26,6
" 25.. 26,5
Feb. 1.. 26,8
»
8.. 26,5
" 15.. 26,3
" 22.. 26,2
Mar. 1.. 26,8
"
8
26,6
" 15.. 26,5
" 22.. 26.6
" 29.. 27,9
Apr. 5.. 27,9
•'
12.. 27,6
" 19.. 27,4
" 26. 27,4
May 3.. 27,8
" 10.. 27.7
" 17.. 27.7
" 24.. 27,5
" 31.. 27,8
June 7.. 27,6
" 14.. 27,3
" 21.. 27,3
" 28.. 28,2
July 5.. 29,1
" 12.. 29,0
" 19.. 28,7
" 26.. 28,6
Aug. 2
29,2
"
9.. 29.0
" 16.. 28,7
" 23.. 28,3
••
30.. 28,4
Sept. 6.. 28,4
" 13.. 27,9
" 20.. 27,6
" 27.. 28,0
Oct. 4.. 28,8
" 11.. 28,4
" 18.. 28,2
" 25.. 28,0
Nov. 1.. 28,6
"
8.. 28,5
" 15.. 28,4
" 22.. 28,3
" 29. 28,6
Dec. 6.. 28,6
" 13.. 28,6
" 20.. 28,7
" 27.. 28,3

30,3
31,0
31,9
32,7
33,0
33,4
34,0
34,0
33,7
33,1
33,0
32,5
30,8
30,1
30,3
31,0
31,3
30,4
30,4
30,2
29,7
30,1
30,3
31,0
31,5
31,6
32,2
32,2
32,8
33,2
33,2
33.5
34,2
35,0
35,7
35,9
35,6
35,7
34,6
32,7
32,7
32,9
33,7
33,4
32,4
31,9
31,9
31,1
30,8
29,8
29,3
29,3

.

9,7
7,7
8,0
9,3
9,7
11,3
13,5
15,2
15,8
16,6
16,8
17,9
18,0
12,7
11,8
12,4
12,5
11,4

11,4
11,4
11,6
11,5
11,0
11,1
11,7
12,1
8,8
7,9
8,3
8,4
7.3
7,0
7,0
7.9
7,6

7,4
7.3
8,ii

8,2

10,6
7,1
7.6
8,1
7,8
7,2
8,9
8,2
7,6
6,4
5,5
6,1
7,2

£

£

£

32,9
32.0
31,7
31,7
32,2
32,6
32,9
33,6
34,6
33,7
34,9

19,4
20,0
22,1
23,0
22,9
23,7
24,5
24,6
23,7
23,3
23,3
22,6
19,7
19.0
19,5
20,3
20,7
19,3
19.5
19,3
19,0
19.1
19,5
20,4
20,9
20,2
20,0
20,0
20,9
21,3
20,8
21,3
22,3
23,6
24.1
24,3
24,5
24,9
23,4
20,6
21,1
21,5
22,5
21,6
20,7
20,3
20,4
19,3
18,9
18,0
17,3
17,8

s,

39,5
41,5
41,1
40,7
40,7
40,3
39,1
38,2
37,9
35,9
36.8
36,6
41,2
38,1
38,0
38,1
38,2
38,3
37,8
37,5
37,0
37,7
37,4
38,1
37,4
41,6
39,5
40,3
40,4
39,7
39,9
40,4
40,9
40,1
40.3
39,9
39,5
39,7
39,7
41.6
45,2
44,1
42,5
41,1
41,6
39,6
38,8
39,2
36,2
36,7
40,6
41,4

14.8
15,2
13,4
13,4
13,4
13,4
13,4
13,4
13,9
13,9
13,9
14,0
14,0
13,3
13,4
13,4
13,4
13,4
13,4
13,4
13,4
13,4
13,3
13,3
13,4
13,4
13,3
13,3
13,1
13,1
13,1
13,1
13,1
13,1
13.1
13,1
13,1
13,1
13,1
15,8
15,8
15,7
15,2
15,2
15,4
14,8
13,3
13,3
12,1
12,1
12,1
13,1

363
44,0
36,4
34,9
34,6

345
34,8
34,1
34,1

341
345
33,2

332
327
379
33 1

330
328
318
31 5
31.2
30,8

296
28,8
28,4

277

28,5
30,0
33,7
33,2
32,4
30,7
30,0
30,5
31,4
31,2
32,0
29,5
30,2
35,3
35,7

«

«*

P5

Pr.ct, Pr.ct.

a4

258

63 i^
.

.

.

2
2

c3
....
....
....
> >

-

.

....
• •

2^
2
2%

..

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

'4!'»
2''i,

2J0

2%
2*«
2^
21a
2^4
ii«l«l

23,„

2%
....
....
....

2%
^'>1«

21«

•

.

2^8
2i8

....

2a,

* . • .

lih«

....
....

2^
23]

2
d'6^ 3
..

..,.
....
....
....
. .

•

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

e5
.••
•.
....
....
....
....
....

3«1«
a^ift

3«i«
3»ifl

3U,«
•6H
3»ift
3*fl

3«,«
3»,fl

3ib,«
5i8

.

<t«l«

•

4»l«
4ii«
4J4
4«1«

488

5
5»8

f6

b%

....

6^4

. . .

7

•

5''8

a Oct. 13, 1898. b Jan. 19, 1899. c Feb. 2. d July 13.
4^2 on Oct. 3, and to 5 per cent on Oct. 5. / Nov. 30.

c

Raised to

The situation of the Bank of France as to its stock of gold
and silver, according to the last returns of each month of
1897, 1898 and 1899, was as follows, stated in pounds sterling.
GOLD AND silver IN BANK OF FRANCE.— [00,000s Omitted.
1899.

Gold. Sllv'r Total

£

1898,

1897.

£

£

£

76.4

125,5

Feb. 25 76 6

49,1
49,4

Mar, 25 76.8

49,1

125,9

48,9

125,8

£

77,2

48,3

125,5 Jan. 28

48,0

77.3

48,5

125,8

48.0

120.6

Mar. 31

74.5

48.7

123,2

April 28
122,0 May 26
124,2 June 30

74,4

48.6

123,0

74,8

49,1

75,1

49,5

124,9 July 28

75,1

49,6

77,1

48,8
47,9

49,9

47,5

124.4

74,7

49,7

75,6

46,8

122.4

73,6

49.1

75,5

46.7

73,3

7.'>,0

4rt.3

132,2
Vii:A

Aug. 25
Sept, 29
Oct, 27
Nov, 24

75,5

76,9

123,9
124.6
124,7
125,4
124,4
122,7

48,6
48,8

April 29
May 27
June 24
July 29
Aug. 26
Seot 30
Oct, 28
Nov, 26
Dec. 30

Jan. 26 72.8
Feb. 84 73,0

48.0

Mar. 30 72,6
April 27
May ib
June 29
July 27
Aug. 31
Sept, 28
Oct. 20
Nov, 30
Dec. 28

72.7

48.3

121,0

73.5

48.5

75.4

4?.8

76,6

125.2

Dec, 29 72,9

Gold. Silv'r Total

£

£

120,8 Jan, 27
121,0 Feb, 24

£

£

Gold, SilvT Tota.

121,9

121,2

76,9

129,0

79.0

49,1

128,1

80,2

49.3

60,8

49,1

81,6

49,0

79.7

48.5

129,5
129,9
130.5
128,3

78,4

48,3

78,6
78.1

48,4
48.2

126,7
127,0
126.8

The exports of iron and steel from Great Britain have been
as below each year since 1875, inclusive.
EXPORTS OF IRON AND STEEL FROM GRBAT BRITAIN.

;

1899.
189«.
1897.
1896.
1895.
1894.
1893.
1892.
1891.
1890.
1889.
1888.
1887.
1886.
1885.
1884.
1883.
1882.
1881.
1880.
1879.
1878.,

1877.
1876.
1875.

Pig Iron.

KaUs.

Tons,
1,379,296
1,042,853
1,201,104
1,060,165
866,568
830,985

840,294
767,053
840,055

Tons.
591,797
609,403
782,045
747,662
457,552
425,242
558,375
468,003
702,247

1,145,268
1,190,371
1,036,319
1,158,174
1,044,257

1,035,431
1,089,892
1,020,002
1,011,779
739,651

960,931
1,269,576
1,564,048
1,758,072
1,480,196
1,632,343
1,223,436

714,276
728,540
971,165
936.949
820,671
693,696
463,878
441,384
497,924
414,556
545,981

924,646
881,442
910,905
947,827

Other
Descriptions.

Tons,
1,746,523
1,592,094
1,702,957
1,782,571
1,511,421
1,393,771
1,457,905
1.504,223
1,697,844
1,820,731
1,905,919
1,910,242
1,973,075
1,605,289
1,455,475
1,497,439
1,508,095
1,658.531
1,517,4.58

1,466,055
1,196,170
933,193
965,285
899,809
963.498

TotaL
Tons.
3,717,616
3,244,350
3,686,106
3,550,398
2,835,541
2,649,998
2,856,574
2,739,279
3,240,146
4,001,430
4,186,182
3,966,563
4,143,028
3,389.197
3,130,(i82

3,490,991
4,043,308
4,353.552
3,820.315
3.792.993
2,883.484
2,296,860
2.346,370
2,224,470
2,457,.S06

The quantities and values of textile exports from Great Britain for the last three years are given in the following table.

—
February

3,

THE CHRONICLE.

1900.]

EXPORTS OF TEXTILE FABRICS.
Year's Exports.

called upon the officers of the State Trust
company, but they refused either to affirm or to deny the
statement. Mr. Joseph C. Hendrix, a director of the Morton
Trust Co., has, however, stated that the above- noted report

Our representative

1898.

1899.

213

1897.

Quantities.
Cotton yarn
213,288,700
246,663,200
..lbs.
252,546,500
Piece goods
.yds. 5,440,551,600 6,216,053,900 4,792,26-1,600
49.645.400
Jute Tarn
..lbs.
45,304,900
51,878,600
211,062,700
Piece goods
213,261,700
233,776,300
.yds.
Linen yarn
17,355,400
..lbs.
18,147.600
18,365,900
Piece Koods
148,004,600
.yds.
174,305,600
164,583,400
58,806.700
Woolen yam
..lbs.
63.697,600
57,075,400
46,307,700
Woolen tissues
.yds.
48,963,300
52,117,400
Worsted tissues... .yds.
95,481,400
102,519,400
129,667,300
&
£
Values.
£
Cotton yam
8,923,272
8,054,664
9,929,768
Piece goods
47,910.088
45,808,154
50,875,853
469,165
Jute yarn
460,860
525,9^1
Piece goods
1,796,203
2,102,101
1,901,747
Linen yarn
885,330
909,912
976,042
Piece goods
3,224.217
3,522,672
3,797,405
Woolen yarn
4,674,358
4,739,987
4,876,162
Woolen fabrics
4,892,973
5,278,465
5,389,560
Worsted fabrics
5,724,653
6,253,322
7,491,355

of consolidation

is

correct.

The

details are, he says, being

arranged, and the consolidation will follow in due season.
Mr. Levi P. Morton, President of the Morton Trust Company, likewise confirms the report, stating that his company
will issue $1,000,000 additional capital to carry out the plan
of merger.

— Arrangements

are nearly completed for the consolidaTrust Company, an organization which
Century
the
tion of
was perfected last December, but which is not yet in operaTrust Company,
tion, with the International Banking
which was organized last JuJy. The Century Co., of which
Mr. Amzi L. Barber is President, has not yet begun business,

&

The complete trade figures of imports and exports into and the management deem it more advantageous to consoliand from Great Britain for three years are as follows
date with the International than to continue their enterprise.
exports and imports.
The propositioQ awaits the assent of the stockholders of the
The capital of the International is $1,000,000 and
Century.
1899.
1898.
1897.
the surplus $5C0,00O ard the capital of the Century is $2,000,:

Exports.

Home

products
•264,660,000
Re-sliipment of imports.
65,019,000

Total exports
Lmports.
Total merchandise

233,359,000
60,655,000

234,219,000
59,954,000

329,679,000

294,014,000

294,173,000

485,075,000

470,378,000

451,029,000

Excpsaof imp.overexn.. 155,396,000
176.364,000 156,856.000
*Including£9,la5,o00,tlievalueofnewsliip8 not previously recorded.

000 and surplus $1,000,000.

—The annouacement

is

officially

made

in the subjoined

bank that the capital of the National
New York, was on Feb. 1, increased from $1,000,-

letter to patrons of the

City Bank of
000 to $10,000,000, making, with the surplus, a capitalization
of $15,000,000, and, including the reserve liability of shareIt may be noted that temporary receipts
holders, $25,000,000.
for the new stock were issued on January 15 to stockholders

then paid for their new stock, and a-Jditional
were
issued to other stockholders who, on Thursday,
The sales of bank stocks this week aggregate 1,478 shares,
their
payments, which receipts are exchangeable
completed
of which 1,428 shares were sold at auction and 50 shares at
thereof shall be
the Stock Exchange. This unusually large total of transac- for the new stock whenever the certificates
The success which has attended the
actions was due to the sale by executors of two blocks of ready for delivery.
of the capital of the City Bank is
for
the
increase
movement
stock— one of 800 shares of Mechanics' National Bank and
Stillman, the President. All
gratifying
Mr.
exceedingly
to
one of 400 shares of Merchants' National Bank. The sales of
trust company stocks reach a total of 95 shares, all of which the representatives of the 10,000 shares of stock, except one,
who held only four shares, promptly assented to the plan for
were sold at auction.
augmenting
the capital, though such assent involved the
Shares. Banks— JVew York..
Price.
Last previous sale.
30 American Exchange Nat. Bank.. 186^
Jan. 1900— 187% waiver of rights which they could have legally enforced. The
50 Butchers' & Drovers' Bfr., Nat... 90
Jan. 1900— 96
stock of the dissenting stockholder was later obtained, thus
*50 Chatham National Bank
301
Jan. 1900— 310
2 Chemical National Bank
4026
Jan. 1900-4025
The followcompleting the plan for increasing the capital.
25 Citizens' Bank, National
150ie
Jan. 1900— 150
ing is the official announcement of the increase of capital
800 Mechanics' National Bank
190
Jan. 1900— 193
400 Merchants' National Bank
166
Jan. 1900— 170
referred to above
SONassauBank
ISOis
Jan. 1900— 180
47 Park Bank, National
450
Dec. 1899— 4S5J3
The National City Bank of New York,
16 Republic, Nat. Bank of the..-.
211
Jan. 1900 - 214
New York, February 1, 1900.
8 Twelfth Ward Bank
126
Jan. 1900— 120
Bank—iJrooA-iyn.
Gentlemen: We beg to advise you that the shareholders
20 Mechanics' Bank
20214
Jan. 1900— 200ia of this bank have increased its capital to the sum of $10,Trust Companies—i^ew York.
195J4-202
60 America, Trust Co. of
Jan. 1900— 196ii 000,000, in place of the former capital of $1,000,000, while
30 New York, Trust Co. of
preserving intact the previously existing surplus and undi201
Jan. 1900- 200

ITEMS ABOUT BANKS, BANKERS AND TRUST CO'8 who had

—

receipts

:

)
j

5 N. Y. Life Insur:

& Trust Co

1420»«-1454

Jan.

1900—1425

*Sale at the Stock Exchange.

—

The Bank of the Manhattan Company has declared a
semi-annual dividend of 5 per cent, payable February 10.
This is at the rate of 10 per cent per annum, as agaiast 8 per
cent paid previously since 1895.

—The statement of the condition of the Girard Trust Co.,
Philadelphia, as of January 31, 19:0, shows assets of $21,954,773; deposits, subject to check, stand at $14,210,461, and
loans $10,832,521. The capital of the Girard Trust is $2,000,000 and its surplus is $5,000,000.
—The statement of the Union Discount Co. of London for
the half-year ending December 31, 1899, has come to hand.
The gross profits for the six months, including the balance
brought forward from the last statement, and after making
provision for bad and doubtful debts, is stated to be $887,Allowing rebate of interest on bills not yet due and deducting current expenses, there remains a balance of $287,952.

vided profits of $5,000,000.
The entire capital has been fully paid up in cash, and as
the shareholders are liable for the obligations of the bank to
an amount equal to the par value of their shares, the security atforded to those dealing with us is as follows.
$10,000,000
10,000,000
5,000,000

Capital, fully paid
Reserve liability of shareholders
Surplus and undivided profits

$25,000,000

Total

With

we hope

to be able to afford
to our friends even greater facilities in the future than it has
been within our power to give in the past.
Highly appreciating the favors thus far received we trust
that the exceptionally strong position we now occupy will
assure not only a continuance, but also an extension, of the
pleasant relations which have hitherto existed between our
have the honor to be
correspondents and ourselves.
your obedient servants,
this increased capital

We

The National City Bank of New York.

James Stillman, President.

425.

Out

of this

sum

a dividend at the rate of 10 per cent per
months has been declared, and a balance
of $125,452 is carried forward to the next account. The paidup capital now stands at $3,750,000 and the res arvo fund at

Clearings by Telegraph.— Sales of Stocks, Bonds, &c.
The subjoined table, covering clearings for the current week,
nsually appears on the first page of the Chronicle, but on
account of the length of the other tables is crowded out
$1,800,000.
ance a month. The figures are received by telegraph from
—A report was current on Thursday that negotiations the leading cities. It will be observed that as compared with
were in progress for the consolidation of the State Trust the corresponding week of 1899 there is a decrease in the
Company nith the Morton Trust Company, the latter taking aggregate of 16*8 per cent. So far as the individual cities are
over the assets of the State Trust Co. and increasing its concerned. New York exhibits a loss of 25 B per cent, and
capital to $2,000,000 and its surplus to $2,500,000. The nego- the declines at other points are: Boston 26-4 per cent, Philtiations were said to have been conducted by Mr. William
adelphia 9"1 per cent and Baltimore 12*9 per cent. Chicago
C. Whitney, a trustee of the State Trust Company, and to records a gain of 4'9 per cent, St. Louis 0'3 per cent and
have been begun before the recent attack by Mr. Kling. New Orleans 19*9 per cent.

annum

for the six

..

THE CHRONICLE.

214

Week Ending February

Clearings.
Returns by Telegraph

FOREIGN IMPORTS.
-253

96,887,749
75,430,409

131,677,983

-26-4
-9-1

16,808,525

104.740,275

19,303,331
99,805,843

St. TjOuIs

25,881,133

25,833,825

New

10,036,668

8.371,950

+4-9
+0-2
+19-9

$1,167,506,287
201,416,411

$1,476,057,854
176,844,761

-21-6
+13-8

$1,358,922,698

$1,653,902,615

—17-8

289,419,023

327.339,101

-11-6

$1,648,341,721

$1,981,241,716

-16-8

Boston
Phlladel phia

Baltimore
Chicago
Orleans

Seven cities, 5 days
Other cities, 5 days
all cities.

6 days

All cities. 1 day

Total

all cities for

week..

82,946.036

-129

Another table, our usual monthly detailed statement of
transactions on the various New York exchanges, has also
been crowded off of the first page. The results for the

month

January are, however, given below and for purposes of comparison the figures for the corresponding period
of 1899 are also presented.
of

January, 1900
Dueription.

Actual

or Quantity

Value.

January, 1899.
Aver'ge Par Value
Price. or Quantity

9,843,716
$946,681,487 $087,243,018 72*6
$44,996,200
$37,797,814 84-0
$633,300
$731,512 115-5
$261,700
$224,206 85-7
$20,600
$60,712 247-4

8took|8h'«

BR.

Par Value

bonds.'!

Oor't bonds
State bonds
Bank stocks

Actual

Aver'oi

Value,

Price,

24,251,983
68-9
2350,845,650 \ 1619520833
1142,234,400 $118,671,981 83-4
$1,982,240
$2,246,026 113-3
$273,784 73-5
$372,700
{88,6i:3 286-7
$11,760

Total value.

$762,171,681

For week.

1900.

Dry Goods

74J^C.

$1,784411877

$2,721,930
5,950,700

1.

MONTHLY 0LEAHINO8.

$2,550,658
7,383,966

$3,315,400
8,162,156

Total
Since Jan.

»9,934,624

$11,477,556

$8,672,630

$8,985,849-

$9,262,76^
27,708,558
$36,971,321

1.

Dry Goods
Gen'l mer'dise

$10,884,084
28,165,224

$9,711,325
28,787,027

$9,870,078
24,383,525

Total 4 weeks..

$39,049,308

538,493,352

$34,253,603

The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending Jan. 29, and from January 1 to date.
EXPOKT8 FROM NEW TORK FOB THE WEEK.

specie)

1900.

For the week.

1898.

1899.

Prev. reported

*9,408,139
37,048,822

$8,351,616
34,775,988

Total 4 weeks.

$46,456,961

$43,127,604

cnearino»,lotalAU.
1899.

$
7,110,994,106
6.^26,977.678
7,067,892,793

July

AuKUSt
September.

P. a.

1898.

New

OlearinoB Outside

$
5.020,491,626 +41'6
5.696,377,166 +23-8
5,600.748,460 +28-5

Sdqnar... 21.105,864,576 16,117,617,241 +30-9

1890.

P.Ot.

1898.

$
2,600,637,992

2,043,456,407 +31-7

2,568,636,835

2.084.608.182

2.667.816.415

2,086,769,799

$36,406,734 $33,188,435

Imports.

Exports.
Gold.

Week.

Week.

Since Jan.X.

Great Britain
France

+233
+280

6.214,824,388 +27-6

8.322.725,816

6.938,727,160 +40-2

3.066,192,669

2,400,485,880 +27-7

November.

7,803,050,262

6,478.323,603 +21-8

2.940,077.013

2.604.691,116

December..

8.361,182.011

7.361,760,319 +13-6

3,012,896,144

2,709,402,758 +11-2

4th quar.. 24,576,958.088 19.778,871,087 +24-3

0,019,165,726

7.614,579,764 +18-6

Mannar V

7 624 512 4'?4

1900.

8.493.060 012

+17 3

1899.

-10 2 2 9Sti973OS0 2 802 310.236 +5-6

Ensllsb Financial Markets— Per Cable.
The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending Feb. 2.
London.
per ounce

Silver,

Sat.

ilfon.

Tues.

Wed.

Thurs.

j<n.

27 H
100^8

271a
27iiie 27%
2758
279ie
Consols. new, 2 %
99'9 100
10036
IOOI3
1001a
For account
lOO'g
99^8
100
IOOI3
lOOSg 10058
Fr'cli rentes (in Paris) fr. 00-0212 100-10 00-37ia 100-75 100-60 100-60
Spanish 4s
67 14
67 1«
67%
6758
6738
6778
Atch. Top. & Santa Fe.. 19 ^s
1938
20%
2034
20>a
2078
Preferred
61%
6058
6158
64I4
6258
6338
Baltimore & Ohio
59i«
5812
60i«
58 14
6014
6OI4
Preferred
76 J3
76ifl
7638
7714
77
76%
96I4
Canadian Pacific
96I4
97I3
96
98%
9868
,

d.
p. ots.

j

1

!
!

Chesapeake* Ohio

&

Chic. Mil.

Den.

Do

&

Paul...
Rio Gr., com....
do Preferred.
St.

Erie, common
1st preferred

Illinois Central

30 14

120%
I8I4
7038

11%
3314

<fe

*Phila. & Read
*Phila. & Read. ,1 St pref.
*Phila.
Read., 2d pref.
Southern Pacific

&

South'n Railway, com.
Preferred

Union

Pacific

Preferred
Wabash, preferred

70

im

321a

XII412 114

& Nashville.. 8O34
Mo. Kan.
Tex., com.
10%
N. Y. Ceni'l & Hudson.. 136ifl
N. Y. Ontario & West'n 22^
Louisville

Norfolk & West'n, pref.
Northern PaoLflo, com.
Preferred
Pennsylvania

29%

12018
18

7II4
5238

75%
66
9ie

7953

10%
136
2188

71
52 14
7508
6534

!

30

30

30

12078
17 ''s
6978

30

1211a
1838

11%

ll's
341a

12178
181a
71 14
ll's
3438

I2214
18i«
7II2
11^8
3438
11413
811a

33
114
8058
1014

136%
21 ^s

71%
52ifl

75%
66

25%

J'8
25ifl

14

14

3858

38

14
3858

12

1188
5414
4638
763a

5538

5518
4738

76%
2114

20%

tt'fl

2578

11%
47ifl

76%
21

71

115
811a
1012
1371a

23 14
72
5338
7658
661a
938

115
8114

10%
137ifl

2314

10%
I3713
23*8

72 14

West Indies
Mexico
South America
Total 1900
Total 1899
Total 1 898

.

$17,160

$39,559

405,171

20,300

4,975
1,026,800
5,000

$9,000
3,634
27,342
2,800

$5,094,346
1,430,724
2,520,605

$42,776
158,012
303,116

$59,859
89,300
1.195.020

.

Week,

Great Britain
France
...i..„

Total 1900
Total 1899
Total 1898

40

12

12
56 13
48

5638
4816
771a
2138

7738
2114

rTioo uor Hliare.

N«W

•

"6,681

34,839
48,367

$12,534
3,877
188,164
52,435

600
$3,247,956
3,955,723
3.770,904

$83,557
68,391
30,804

$257,610
274,512
271,322

Leg. T. Deposit, witft

Sur- Loans &
plus.

jyret

Invest- Specie. &B'k. Clear'g Other iDepoHt*
ments.
Notes, Agent. Bks.&c

1(UB& ClTH.

BOBOUGH OV
MANHATTAN.

Ooleni&l
Oolnsibia

100,0
300,0
100,0
100,0
200,0
200,0
100,0
250,0
200,0
100,0
100,0
100,0
100,0
200,0
100,0
200,0
100,0

97,8 1184,3
27,8
87,6
198,5 2325,0 107,0
85,0
136,7 1138,6
35,1
55,9
51,0 1061,3
45,7
35,0
16,7
620,9
63,6
8,9
47,8
96,6 1328,2
80,9
81,7
590,2
40,1
53,5
53,6 1740,0
60,0
99,0
126,2 1306,7
41,2 128,6
38,9
984,2
17,4 113,7
145,8 1810,0
74,0
51,0
114,5
863,7
12,5
74,3
175,4 2719,0 222,0 111,0
88,3 1175,5
27,2 141,5
54,2
64,6
849,9
88,8
319,7 2060,7
55,1 229,9
168,1 1512,0
83,6
71,2

Wallabout
Oerman-Amerlcan.

150,0
100,0
300,0
100,0
100,0
150,0
262,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0
100,0

124,1
145,2
164,0
39,2
57,2
59,9
461,0
392,2
201,7
584,5
574,8
115,1
127,7
60,6
70,9
225,1
56,8
55,8
43,8
17,0

1071,2
1303,4
1193,2
347,2
573,3
643,6
2478,1
2806,2
887,8
3883,0
2260,0
666,7
751,5
452,8
430,4
1090,1
438,0
288,0
635,1
376,5

1st Nat..StatenlBl.

25,0
100,0

51,4
79,3

428,9
657,6

400,0
250,0
250,0
200,0
110,0
125,0

786,2

aieventh Ward....
Fourteenth Street.
Sanaevoort

HamUton.

Home

ACoont Morris

Mntnal
Nineteenth Ward.
Plasa
Riverside
State

Twelfth Ward
Twenty-third W'd.
OnlOD Square
rorkvllle

....

BOBOnOH OP

150,8
134,0
213,0
156,0
83,7
90,8
58,1
107,0
179,3
235,6
275,0
75,3
133,0
95,2
78,7
471,1
126,3

1324,4
5,0 2294,0

39,2
'i.3

50,5
3,0

1316,3
1231,4
589,1
1403,0
611,3
1996,0
1351,0

25,7

137:1,!^

162,0
71,7
34,6

2009,0
868,9
3213,0
1663,8
979,4
2667,7
1641,8

18,3

Bbookltn.

Bedford

Broadway
Brooklyn
Eighth Ward

Bmh Avenue
Kings OountT
ICecta's'

A

....

Tradr'8'

National City
North Side
People's

Bobermerhom
Seventeenth Ward
Sprague National..
Twenty-alxth W'd.
tTnlon

BoRonoH or
RIOHHOND.
Bank of Staten Isl.

Othkb Citibs.
IstNat., Jer. City.
Hud. Co. Nat. J. 0.

Imports and Exports for the Week.— The following
are
the imports at New York for the week ending for dry
goods
Jan. 2f) and for the week ending for general
merchandise
Jan 2<\ also totals since beginning first week January.

"'$351

tal.

Nassau National..

15

2,073,319

SinceJan.l.

10,723

Capi-

661s

39%

Week.

"i'.bbo

BANKS.

77

3958
1218
5638
481a
77I4
2138

1.

$3,152,895
77,657

(OOs omitted.)

661a

Qia

$183,968
1,978,360'

Reports of Non-Member Banks. -The following is the
statement of condition of the non-member banks for the
week ending Jan. 27, based on averages of the daily result.
We omit two ciphers COO) in all cases.

76%

281a

Since Jan,

$1,060,072
1,004,733
926,276

Heohaslcs

91a

2,800

All other countries.

5339

281a

22,874
87,270

Imports.

$1,020,125
38,947

West Indies
Mexico
South America

ICanuf aofrg*^ Nat^l

27%
14%

53,864

Silver

5338

15

Since Jan. 1,

$3,652,400

Germany

$

7.927.090.242

1899.

$7,521,968
25,666,467

The following table shows the exports and imports of
specie at the port of New York for the week ending Jan. 27
and since January 1, 1900, and for the corresponding periods
in 1899 and 1898.
EXPORTS AND IMPORTS OF SPECIE AT NEW TORK.

Tork.

October....

1900.

1897.

$8,050,107
28,356,627

Exports.

Month,

$2,112,096
6,873,753

Gen'i mer'dise

All other countries

The following compilation covers the clearings by months
since July

1897.

1898,

1899.

Germany

$992,493,187 $726,047,261 78-2" $2496436740 $1,740745287
62,280,200
36,124,8 iO 69 1-16C
58,725,615
43,666,690

Total....

Grain, bush,

LXX.

P. Cent

$1,108,158,886

$827,721,528

[Vol.

3.

1899.

1900.

New York

Total

.

.

Id Hat., Jer. City..
idNat., Jer. Olty..
Ist Nat., Hoboken.
Id Nat., HohokeD.

5.39,3

368,4
21-2,2

450,3
96,2

14,3
17,6
69,1
11,9
26,5
32,4

257,8
153,9
15,0

140,0
156,0
12,3
33,1
20,7
9,5

95,2
13,2
6,9

27,9
4,2
14,5
32,1

86,3
95,9
42,9
20,6
19,5
23,7
217,1
102,2
47,1
290,0
232,0
51,6
29,6
46,5
33,1
10,0
19,0
13,8
24,2
37,1

86,8
168,8
155,0
53,2
41,8
93,0
487,4
171,6
82,3
674,0
301,0
46,4
56,9
63,4
57,4
174,3
54,0
36.2
57,1
73,9

13,0
70,7
20,0 101,5

4930,3 184,2 294,8 1262,9
2152,3
68,6 162,7
87,2
135-2,1
65,2
23,7 213.4
919,1
28,5
77,3 180,4
1846,4 10-2,9
97.7
18,7
722,6
92,4
66,3
78,3

100,0 1169,7
6 1389,9
6,6 1175,7
313,4
4,5
494,2
6,8
6
629,7
2888,5
2717,1
35,9
846,8
22,0 4041,0
55,0 2525,0
45,9
620,7
40,7
766,9
60,0
485,7
9
366,0
8,5
933,0
1.6
3,7

427,6-

32,6
4

641,6
364,6

6.6

475,4
638,7

196,1

445,9 6298,8
66,8 1867,4
1146,3
980,7
84,9
3.7 1417,0
936,T
126,4

Totals Jan. 27.. 7362,0 8131,0 68854,6 •2647,0 3697,0 7668.1 1669,663176.1
Totals -an. 20.. 7362,0 8131,0 68929.8 2708,913723,0 7088,2 1204,062929,3
Totals Jan. 13.. 736-2,0:8131,0 59509,3 2884,9 3804,6 7044,6 1096,163831,0

.

.

.

February

New York City Clearing House Banlts.— Statement of
conditioa for the week ending Jan. 27, based on average of
We omit two cipher.t fuO) xn all cases.
daily results.
BANKS
Bank New York..

Loans.

Capital. Surplus.

Legals.

Specie.

Deposits

at—

Wheat.

Flovr.

Corn.

Barley-

Oats.

;.»«.

BbU.lOeibs Bu»h.mibt Bu*h.66lbi Bush.32lbs Buth.iSlbi Bu.6e

Obloago

Milwaukee
Dnlnth

.

263,823
7,726

264,707
91,700
233,327

5,872

1,330,890

251,200

15,360

36,893
26,870

831,884
29,219
226.021
270,«85

Mlnneapolii.

Toledo
Detroit
Cleveland...

1,400

Lonii

26,170

72.785

11,350

7,800

St.

—

City.

wk.'99.

wk.'98.
Since AuQ. 1.
1899-1900....
1898-99
1897-98

26,350
114.602

819,600
2,664
169,040
49,000

161,000

Tot.wk.l900

Same
Same

1.836.755

12,947

Peoria

Kaniai

1,410,259

316,500
186,000

20,624
251.420
361,980
106,800
67.000

Bxporti from— buth.

Orlean*..

Norfolk

Newp'rtNewi
(Jalvegton

at.

i>

58,976

611,300
301,760
12,876
47,280
12,000
10,403

21,000
8,645
7,280
2.700
4,871

9,760

79,500
46,660

1.800
...

881,100
198,432

2,228.859

8,162,620
6,908,117

3.062.788
2.920,588

1,031,659

115.021

4,166,999

690,629

186,575

166.909

2,006,128

2.890,621

2,615,345

739,485

96.798

The receipts of flour and grain at the seaboard
the week ended Jan. 27, 1900, follow
Beeeipti

KewYork

at—

BoBton
Montreal
Philadelphia

Baltimore

Rlohmond

New

Orleans*

Newport News
Norfolk

hbu.

bush.

130.609
84,848
8,615
74,133
73,688
892
12,334
94,107
14,227

185.000
276.768
37.000
104.788
103,617
11.300
60,000
56,CO0

Oalvestoii
Portland, Me

81.000
59,467

Pensacola
s^t. .John, N. B
Mobile
Port Arthur

1,060
13,265

*

671,775
90,138

Oats,
bush.
878,600
131,047
16,700
103.596
2H.918
!i 6.676
47,875

721.687
964.474
36.S69
616.8U3
119,999
167.416
71,000

Barley

Byt,

bush.

built.
12,8 -0

87.7f0
16,386

1899

8.071,384

3,715,7i,0

1,253.622
1,389,044

Receipts do not Include grain passing ttarooiih

New

1

Do

afloat

Philadelphia
aaltlmore
New Orleans
Galveston
Montreal
Toronto

riour

Wheat

bbll.

'

7,'3fl9

bush.

Corn
Oats

"
"

Do

Barley

"

Bye

••

Total grain....

"

16,804

8,661

22.961

292.677

Bye,
bush.
810,000

Barley
hush.
355,000

118,000

10.000

i8,'o6b

28,000
57,000
961,000

8r,'o'o'6

164,000
280.000
274.000
4,000
164,000

'si'.b'oo

"147,600

"7,000

2,217,000
688,000
1,163,000

812,000
205.000
662,000

671,000

376,00*6

96,"o'('o

"9,'o'd6

16,048.000
85,000
244,000

4,793'.6'o*6

l,S57,"o'0O

813,000

88.060

1,167,000

15S,000

"9,006

"4,'6o6

afloat

Detroit

Do

63,000

afloat

Ohioago

Do

afloat

»Illwaukee

Do

afloat

828,000

....

Ft.Wlll'm&Pt. Arthur 3,181,000
7,277,000
Oulnth

DO

340,000

183.000

366,000

160,00«

832.00'6

833.00'6

292,000

133,0C0

80,000
11,000

75,000
84.000

249.000
181.000
87,000

"i5,'d6'o

"71.66V1

688,000
81,000

85,000

248,000
15,122,000
1,407,000

afloat

Iflnneapolia
at Louis
Do afloat
Kansas City

8,150.000
59.000

Peoria
[ndlanapolls

802,000

On Mississippi River

1.0()0

130,ul.)0

OnLakes
On canal and river
1.760.000
14,626.000
5,883,000
1,168.000
Jan. 27,1900. f 5.598 000
1920.000
14.100.000
5,088.000
1,218.000
Jan. 20,1900. 66,553,000
3,386,000
27.139,000
7.026,000
1.441.000
Jan. 28. Ib99* 28,683.000
3.028,000
189&»
40,681,000
15,113,000
3,840,000
86,602,000
29.
Jan.
8,458,000
21,938,000 13,172.000
8,825,000
T"t,al Jan. 30, 1897* 49.691,000
• Kxcluslve of New Orleans. Galveston. Ft. William and Port Artbat, but
Including Albany, Oswego and Cincinnati, now omitted.
Note.— Beginning July 1. 1899, the New York Produce Exchange has changed
Its Visible Supply Statement by including stocks at New Orleans, Galveston
Ft. William and Pt. Arthur (previously omitted) aud leaving out Albany
Oswego and Cincinnati, formerly included.

Total
Total
Total
Total

Auction Sales.— By Messrs. Adrian H. MuUer

800 Mechanics' Nat. Bank,

Newport News & Miss.
$15 lot.
Val. Co.. com
20 Consumers' Gas Co. of
94
Newburg, N. Y
18^1

Y

&

:

90

150i8
25 Nat. Citizens' Bank
2 Chemical Nat. Bank .4026
20 Mechanics' Bk.of Bklyn.20214
10 Lawyers' Title Ins. Co.. 165
500 Jos. Ladiie Gold Mg. &
Dev. Co., pref..$l 30 pr. sh.
16 Nat. Bank of the Repub.211
31 Title Guar. & Trust Co.

190
N. Y
400 Merchants' Nat. Bank,
166
N. Y
250 Dulmh Trans. Ry. Cf>.*23 lot.
20 Am. Groo. Co.,l8tpref.$9 lot.

30 Trustee, of N.
50 Nat. Butchers

Son

142013-I454

Co
100 Celluloid Co

162

betli.N. J

&

Shares.
5 N. Y. Life Ins & Trust

Shares.
50 Ist Nat. Bank of Eliza-

3941^-39514

Ward Bank

126
10 Hanover Fire Ins. Co... 161

201

8 12th

Drov-

90
ers' Bank
50 Impr'd Dwelling Assoc. 95
61
1 Clinton Hall Assoc
60 Trust Co. of Am. .19514-202
25 Kings Co. Elec. Light &
105
Power Co
4.'^0
47 Nat. Park Bank
ISQie
30 Nassau Bank. N. Y
332i8
50 Home Life Ins. Co
30 Amer. Exch. Nat. Bank.lSeia

36

Bo7ids.
1

Memb. N

Y. Produce Exch.

$200
(all dues paid)
$500 N. Y. Athletic Club deb.
96
68,1903. M&N
$450 N. Y. Athletic Club 2d

90-96
5s, 1910. A&O
$2,000 Metropol. Water W.
65
Co. Ist48, 1919
$1,000 Lotos Club 6b, 1902.. 84I3

NASSAU STREET, NEW YORK.

FISK

& ROBINSON
BANKERS

INVESTMENT SECURITIES.
HABYBY EDWARD

GEORGE H. R0BIN80M,
Member N. Y. Stock Bxchans*

FISK.

Moffat

Alexander M. White, Jb

&

White

BANKERS,

8.561

Members New York Stock Exchange.

820.618
157,696

I

NASSAU STREET,

Spencer

compare as

1,28J.293
182,421

13,799,790
14,292.833
6.170,923
657,803
1,C 64,912

6,497.002
16,402.682
10.128,803
7u4,141
1.423.606

1.705.189
14.509.317
8.805,078
603,507

25.174.545

34,983,260

34,154,233

20.880,227

454,136

27

&

-

-

-

NEW YORK.

INVESTMENT SECURITIES.

24,676
190,375

1807.
1,289,339

S.042.6.i6

69,000
69,000

afloat

Do

52i",00'6

1.373.000
1,385,000
898,000
871,000
21,000

OBOBOB BAROLAT MOFFAT.

1898.
1,645,161

5,327,880
13.341.295

8,570

Oats,
bush.
668,000

bush.
829,000

1,054,000

roledo

Orleaits lor torelffB

to Jan. 27

1899

225,717

656

2,051,907

1900.
1,472,411

308,526

182,036

Corn,

563,000
649,000

Buffalo

900

900
12.000
12.983

:

ReceipUof-

19,810

bush.
2,090,000
168,000
1.262,000
198.000

Boston

ports on through bills of ladlns.

Total receipts at ports from Jan.
follows for four years

IS.iieS

Wheat,

In store at—
Hew York

No.
8,512,062

2,900

:

4,000

19.310

1.0fl2.696

14,327
94,107
2,057
1,060

visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports, Jan. 27, 1900, was as follows :

2,950

'88",006

467,663
450.089

Barley,
bush.
102,080

The

""a'.'o'oo

'40,258

5,142

60,798

Total week.. 1.084 .057 3.635.314

ports for

182,036

12,518

Peas,
bush.

8.570

88.383
dame time '99.. 2,665,7 63 3,486,016 550,774 812.607 271,273 61.742
The destination of these exports for the week and since
September 1, 1899, is as below

'50.793

Total week

Week

Corn,
bush.

3.63.S

120.000
20.000
23,445

40,474
09.575

88,000
40,266

John.N.B.

:

Wheat,

bush.

28,024,266 4.010,758
28,233,614 7,455,246
25,695,149 7.S72.231

10,135,658 134,195,866 113,781.100 92,464,010
8,887,161 192,271,484 118.318,227 93,954,480
5.710,108 156,156,437 131,l-'6,7?8 106.95t5.164

Hour,

Rye,

bush.

1,015
'

1*^,518

Pensacola
Mobile
Port Arthur..

Oati.

88.813
1,750

935

....
69,467
24.000
485,245
52,004 1,01».H28
268,000 1,080,300
157.416
86,000 S 119 999
843.5S7
240,000

aaltlmore

New

Flour,
bbU.
69,203

,

btuh.
352.410
4,700

256,330

Portland. Me.
Philadelphia..

several seaboard ports for the week
shown in the annexed statement

66,647,0,780.526,1

Breadstuffs Figures Brought from Page 240.—The
statements below are prepared by us from the figures collected by the New York Produce Exchange. The receipts at
Western lake and river ports for week ending Jan. 27, and
since Aug, 1, for each of last three years, have been:
Btetiptt

27, 1900, are
Wheat
Oorv

Boston

$2,092,0 $1,136,0 $12,938,0
$2,000,0 $1,999,2 $13,450
Manhattan Co
4,066,0: 21,054,0
2,050,0 2,114,1 16,6711,0 3,423,0
Merchants'
1,642,0 14,193,0
2,000,0 1,162,5 12,517,9 1,958,7
Mechanics'
1,044,0
2,000,0 2,197,1 1", 090,0 1,625,0
9,807.0
America
1,650,1 22,628,8
1,500,0 2,814,2 20.081,21 3,799,4
4,110,0i
Phenlx
189,0
252,5
980,0
4,188,0
1,000,0
5,281,9 114,889,2
City
1,000,0 4,938,7 80,172,6 35,483,6
Chemical
3,060,6 25,649,3
300,0 6,660,1 24,518,1 4,602,7
Merchants' Exch'ge
4,452,8
796,2
596,9
600,0
207,0
5,055,1
Gallatin
919,4
734,2
7,927,5
1,000,0 1,718,6
6,459,9
42,0
Bntchors'A Drov'rs'
243,6
101,0
1,079,0
1,08.5,1
300,0
MechaniC8'& Trad's'
2,090,0
249,0
190,0
129,8
400,0
2,203,0
Greenwich
101,1
172,5
168,6
913,3
200,0
834,6
Leather Manufac'rs
3,572,2
441,7
371,3
3,254,0
600,0
505,3
662,7
497,3
Seventh
3,025,0
200,3
4,216,7
300,0
3,840,6
161,7
670,2
State of New York.. 1,200,0
3,426,5
528,0
American Exch'nge 5,000,0 2,6.51,8 28,030,0 3,875,0
2,181,0, 22,341,0
Commerce
3,429,91 23,176,6
5,000,0 3,778,8 29.403,7 3,090,9
239,3
Broadway
6,008,0
947,9
5,202,3
1,000,0 1,624,3
919,81 12,740,4
Mercantile
1,000,0 1,084,8 10,952,2 2,454,2
429,7
Pacific
644,6
2,570,8
3,199,3
422,7
492,2
Republic
1,246,7 18,271,5
974,1 17,110,2 3,409,5
1,500,0
941,0i
643,5
Chatham
6,287,4
450,0
991,3
6,378,9
439,3
2,224,8
163,7
People's
2,710,8
200,0
298,4
982,0l 13,832,5
North America
1,000,0
633,3 11,734,6 2,892,0
Hanover
2,388,5 42,124,7
1,000,0 2,711,9 32,948,2 10,091,6
541,8
Irving
4,244,0
569,4
4,486,0
500,0
412,2
Citizens'
529,2
146,2
2,763,8
2,829,1
600,0
383,2
Nassau
331,2
383,1
500,0
264,8
2,545,7
2,816,4
Market & Fulton...
572,4
6,314,2 1,127,1
900,0 1,017,9
6,653,4
318,3
Shoe & Leailier
3,476,2
652,3
3,879,8
1,000,0
170,1
Exchange
Corn
2,863,0 18,955,2
1,400,0 1,731,5 16,516,0 1,816,1
Continental
4,675,6 1,024,7
389,9
5,610,1
1,000,0
531,6
Oriental
232,5
286,1
300,0
2,156,1
2,130,0
395,6
Importers'&Trad'rs 1.500,0 5,829,8 24,061,0 4,317,0
1,324,0 23,415,0
Park
2,898,0 48,318,0
2,000,0 3,339,5 35,364,0 14,283,0
East River
161,3
250,0
148,2
1,282,6
297,2
1,503,7
Fourth
1,642,8 22,492,4
3,000,0 2,171,8 21,686,0 3,933,0
Central
1,215,0 12,410,0
1,000,0
534,5
9,233,0 2,171,0
Second
462,0
300,0
8,146,0 1,616,0
8,761,0
776,6
229,4
Ninth
417,2
2,812,0
750,0
172,1
2,674,2
First
500,0 7.767,3 32,688,1 7,294,5
1,311,7 32,012,2
327,1
363,6
2,570,2
N. Y. Nat'l Exch'ge.
300,0
78,1
2,328,7
Bowery
368,5
250,0
682,5
544,5
3,669,0
3,363,0
New York County...
752,2
376,0
3,942,9
200,0
413,6
3,040,7
German American..
265,9
681,1
3,431,0
750,0
318,5
3,418,5
Chase
4,674,0. 37,730,1
1,000,0 1,596,7 29,921,7 6,492,5
Fifth Avenue
418,41
9,143,0
100,0 1,211,5
8,209,7 1,802,0
German Exchange..
686,7
200,0
228,6
3,260,4
585,4
2,605,4
Germania
4,221,2
200,0
401,7
567,9
774,6
2,802,5
Lincoln
811,8
1
848,2
2,151,3
,731,0
300,0
9,334,2
Garfield
411,1
200,0
7,456.9
979,1
6,355,7 1,446,4
Fifth
184,9
2,336,6
200,0
2,112,3
468,4
331,8
Bank of the Metrop.
530,9
300,0
6,607,7
911,6
5,373,7 1,389,2
West Side
295,0
2,721,0
200,0
2,554,0
430,0
393,3
Seaboard
2,418,0 12,052,0
500,0
629,5
9,486,0 1,181,0
Western
2,142,4 33,722,3
2,100,0 1,292,8 28,234,3 6,609,2
First Nat'l, B'klyn..
665,0
4,365,0
300,0
529,6
4,052,0
523,0
Nat. Union Bank.... l,200,0l 1,301,7 13,376,8 3,26i>,8
494,9 14,386,7
Liberty
226,6
4,587,0
500,0
4,868.1
911,0
445,9
3,076,9
N. Y. Prod. Exch'ge 1,000,0
427,9
364,5;
329,9
3,654,7
Bk.of N. Amsterdam
408,6!
4,124,2
642,5
250,0
3,365,3
397,4
Astor
3,927,3
350,0
191,4
323, i;
3,732,0
597,6
&
Leather
Hide
1,619,2
252,5
363,0
500,0
2,236,9
130,4
59,422,7 80,980,2 688,332,811577625

215

The exports from the
ending Jan.
.f»wYork

of

Total

:

THE CHRONICLE.

3, 1900. J

29

Trask &
BANKERS,

PINE STREET,

-

-

.

Co.,
-

NEW YORK.

Transact a general banking business, act as Fiscal
Agents for corporations, and negotiate security
Execute
issues of railroads and other companies.
commission orders and deal in
Members

INVESTMENT SECURITIES.
State

N. Y. Stock

Bxcbange

Iraaicli Office, 7

St,

Albany

1

.

:

THE CHRONICLE.

216

LXX.

[Vol.

Posted rates of leading bankers follow:

^awfejers^ ^a^^ttje*
DIVIDENDS.
Per

Name of Oompany.
Railroads (Steam).
.

Norfolk & Western, adj.
St. Paul & Duluth. pref

pref....

Street Railways.
Boston Elevated
St.

West Chicago

St.

RR.

Feb. 15 Holders oi reo. Feb. 6
Feb. 1 Holders of reo. Jan. 31
Feb. 1
to
7 Feb. 1 Jan. 26
5
Mar. 1 *Holder8 of reo. Feb. 10
Feb. 22
to
2 Feb. 23 Feb. 10
Feb. 28
to
31a Mar. 1 Feb. 7

3

2ifl

1^
3

iquar.)....

iSankei.

Bankof the Manhattan Co
iUlscellaneous.
American Cereal (quar.)
American 8teel&Wire,com.(qu.)
Andover Iron
General Chemical, com. (quar.).
Glucose Sugar Refg.,com. (qu.).
"
"
"
pref. (qu.).
International Silver, pref
Jefferson & Clear. C. & I. pref..
People's Gas L. & Coke (quar.)

to

Feb.

to
to
to

Feb.
Jan.
Jan.

Feb. 10 Jan. 30

to

Feb.

2

1%

Feb. 20 Feb.
Apr. 2

to

Feb.

X^

Mar.
Mar.
Mar.

1%

Mar.
Apr.

$2
1

1

1

l»fl

1
Paul Gas Lieht (quar.)
U. 8. Bobbin & Shuttle, pf. (qu.) $175
W'houseElec. »fcMtg.,ass.8tl?.(qu
Transfer books not to be Closed, t
per share paid in.
St.

)

5

Holders of

rec,

Demand.

Sixty days.

2.

4 85
4 88 ®4 88^
Prime bankers' sterling bills on London.
4 83i3@4 83%
Prime commercial
4 83 ®4 84
Documentary commercial
5 19%*@1938 516i4*®516i4
Paris bankers' (francs)
401]f®40i8
405i63i4038
Amsterdam (guilders) bankers
95l]<,'S>95ie
Frankfort or Bremen (reichmarks) b'kers 94is®94»i6
*

Less

iifl.

The following Were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying par, selling $1 00 per $1,000 premium; Charleston,
buying par, selling H premium; New Orleans, bank, $1 00
6 premium; commercial. 50c. discount; Chicago, lOc. per $1,000
premium; St. Louis, 25c. per $1,000 premium; San Francisco,
1
15 15c. per $100 premium.
15
United States Bonds,— Sales of Government bonds at the
Board include $19,500 3s, coup., at 109i^ to 1103^; $11,000
9
4s, coup., 1907, at 114^ to 115; $17,000 4s, reg., 1907, at 1U}4
The follow20 to 115 and $12,000 5s, coup., at 1133^ to 1135^.

Feb."l4

Feb. 28
to
Feb 28
to
Mar. 22
to
Mar. 2
Holders of reo Feb. 6
Feb. 25
to
Feb. 17
Feb. 15
to
Feb. I
Feb. 1
to
Ian. 21
Feb. 2o
to
Feb. 1

ing are the daily closing quotations; for yearly ranye see
seventh page followina

1 Feb. 11

1 Feb. 11

1

2i« Feb. 15

.

,

15 Feb. 2
Jan. 22
Feb. 1 Jan. 26
Jan. 15 Jan. 2
Feb. 15 Jan. 6

2i4t Feb.

&

Pleas. Val., Pittsburg
Metropolitan St., K. O. (quar.)..
North Chicago St. BR. (quar.)...

Fed.

Books closed.
(Days inclusive.)

When

dent. Payable

Buff. Roch. A Pittsburg-, pref.
K. C. St. L. & CMC, pf., guar. (qu.)
MahoniBg Coal, com
N.Y. Chic. *;St.L., let pref

February

Feb. 25
Feb. 1.^
Feb. 1
Feb. 90

Correction.

:

On

fifty

dollars

WALL. STREET, FRIDAY, FEB. ti, 1900.-5 P. »l.
The Money Market and Financial Situation.—Wall Street
operations have been dominated chiefly by matters of a
strictly domestic character. It became apparent last week
that foreign affairs had really less influence in local financial circles than had generally been supposed, and the
course of business this week confirms that fact. Reports of

Interest
Periods.

Jan.

Jan.

Jan.

Jan.

Feb.

Feb.

27.

29.

30.

31.

1.

2.

reg. Q. -Mch. *102i2 * 10212 *102is '10212 *102i2 *102»t
28
38,1918
reg. Q. - Feb. *10938 *10938 n09i4 'IO914 'IO914 "10914
X109J4 10958
coup. Q. - Feb. moi8 1101* 11018 *H0
38, 1918
......
3s, 1918, small, reg. <:. -Feb. ....
*109i«
*109i2
*i09ifl
*i09 -109
3s, 1918, small., o'p. Q. - Feb. *109ifi
4s, 1907
reg. Q. - Jan. *114l4 '11434 '114% *114% *114l2 115
coup. Q. -Jan. *114l4 *114i4 ni4% *114% 114% 115
4s, 1907
*133 *133 *133i4 133S8
reg. Q. -Feb. *132% *133
48, 1925
*x33i4 *133S8
4s, 1925
coup. Q.-Feb. *133% •134 *134 *134
*112 *112 *112 *112 112i«
reg. Q. -Feb. *112
58, 1904
coup. Q. - Feb. *113l4 113^8 *113l4 *113l4 *xll2 ni2J«
58, 1904
This is the price bid at the morning board no sale was made.
'

;

State and Railroad Bonds.— Sales of State bonds at the
Board are limited to $110,000 Virginia fund, debt 3-3s of 1991
at 853^ to 86.

The railway bond market continues to show evidences of
healthy conditions. The volume of business is not. large,
earnings by railroads and manufacturing enterprises, espec- averaging about $3,000,000 par value per day, and the marially those directly connected with the iron and steel in- ket's chief characteristic is the small proportion of highoffered. Changes in quotations are generally
dustries, have had a favorable effect upon sentiment, have grade issues
higher
level,
the advance amounting in a few cases to
to
a
the
for
awakened new interest, and stimulated a demand
1 to 23^ points, including Atchison adjustment 4s, Central
are
other
there
not
We
doubt
thereby.
affected
securities
Midland 1st 2-4s, Westindustrial corporations which might follow the example of of New Jersey general 5s, Colorado
inccome
&
Pennsylvania
5s and St. Louis
ern
New
York
matter
of
in
the
Company
Wire
the American Steel &
issuing statements, showing the results of last year's opera- Southwestern 2d 4s.
In addition to the above the active list includes Baltimore
tions, with credit to themselves and satisfaction to the pubOhio, Central Pacific, Missouri Kansas & Texas, Northern
&
for
offered
being
constantly
are
securities
their
whom
lic, to
Pacitic,
Reading, St. Louis & Iron Mountain, Southern
investmentSouthern
Railway, Union Pacific and Wabash bonds.
Pacific,
closed
month
just
during
the
markets
of
the
The dulness
and the present easy condition of the money market indicate
Stock and Bond Sales.— The following shows the volume
that only a limited portion of the heavy disbursements dur- of business in stocks and bonds on the New York Stock Exing the period mentioned has found a permanent lodgment. change for the past week and since Jan. 1
Week end. Feb. 2.
Jan. 1 to Feb. 2.
If this is true it would seem that securities whose real value
Sales at
1900.
1899.
1900.
1899.
N. r. stock Exch.
may be estimated and which promise a fair return to the Government
159.500
8268.320
$665,300
bonds
12.174,760
investor need not wait long for a favorable market. The State bonda
23,000
306,700
110.000
390.700
49,220,700
157,831,900
29,583,500
weekly statement issued on Thursday by the Bank of Eng- RR. and misc. bonds.... 10,944,500
land shows that that institution continues to improve its
$11,114,000
|50 .192.700
$160,397,360
Total
$29,S74,820
2.596,767
4.986,446
10,.883,474
26,864,167
condition and all the principal money markets of the world Stocks— No. shares
$1,04' ,903,287 $2,604,000,650
Par value
$251,025,350 $486,867,400
are ea-ier.
11,500
Bank shares, par value.
$1,250
$20,600
$23,209
The open market rates for call loans on the Stock Exchange
We
add the following record of the daily transactions
during the week on stock and bond collaterals have ranged
Week ending ,—_
Stocks.
Railroad, <6c State
TT.8.
Shares.
Par value.
Bonds.
Bonds.
Feb. 2, 1900.
Bondu
from 2 to 3 per cent. To-day's rates on call were 2 to 2}4
Saturday
93,119
$9,188,400
1803.000
$6,000
per cent. Prime commercial paper quoted at 4 to 5 per cent.
243,499
23,996,150
1,448,000
Monday
26,000
$19,000
513,336
2.092,000
48,808.600
1,500
The Bank of England weekly statement on Thursday Tuesday
707.054
67.909,400
2,377,000
7,000
S5J666
showed an increase in bullion of £261,141, and the percent- Wednesday
Thursday
442,639
42.690,650
1,891.600
4,000
697,120
58.432,150
2.333,000
28.000
age of reserve to liabilities was 46-22, against 44-95 last week; Friday.
the discount rate remains unchanged at 4 per cent. The
2,596,767
Total
$251,025,350
$10,944,500
$110,000
$59,500
Bank of France shows a decrease of 1,925,000 francs in
The sales on the Boston and Philadelphia Exchanges were:
gold and 525,000 francs in silver.
-Boston.Philadelphia.
Listed Unlisted Bond
Listed Unlisted Bond
The New York City Clearing-House banks, in their stateshares
shares.
sales.
sales.
shares. shares.
ment of Jan. 27 showed an increase in the reserve held of Saturday
6,265
2,241
9,463
$25,805
6.089
$214,100
required
reserve
of Monday
8,747
8,127
25.655
16,570
18,844,300 and a surplus over the
6.393
376,069
Tuesday
14,812
14,487
89.762
40,514
16,369
341.400
$29,277,975, against $24,185,675 the previous week.
13,062
17,966

—

—

.

.

.

.

.

Wednesday

Thursday
1900.
Jan. 27

IHfferen'sfr'm
Frev. week.

1899.
Jan. 28

$
..
59,422,700
..
80,980.200
Surplus
Loans &dlsc'nt8. 688.332,800 Inc. 7,515,600
16,637,100llnc. 342,500
Circulation
780,526,100Ino. 15008000
Net deposits
157,762,500 Ino 5,154,700
Specie
66,647,000]lno. 3,689,600
Legal tenders
Inc. 8,844,300
held
224,409,500
Reserve
195.131,525|Ino. 3,752,000
Legal reserve

58,072,700
75.407,900
726,372,200
14,700,000
861,637,500
193,484,900
61,156,500
254,641,400
215,409,375

29,277,975 Ino. 5,092,300

39,232,025

Capital

,

Surplus reserve

1898.
Jan. 29.

Total

8.788
7,302

45.084
142.333
63.280

44,349
20,167
20,744

19.792
22.235
21,443

160.900
398,325
844,927

76,329

58,911

391.919

161.797

91,301

2,329,731

—

Railroad and Miscellaneous Stocks. The market for
stocks has been more active than for several weeks past and
generally strong in tone. The iron and steel and local traction issues were conspicuous features. Third Avenue was an
exception, having declined over 17 points, while Metropolitan Street, Manhattan Elevated and Brooklyn Rapid Transit
The entire industrial list was
show substantial gains.
favorably affected by the announcement of a 7 per cent divdend on Steel & Wire common and by the publication
35,609,450 of a favorable balance sheet issued by the company. As a

69,022,700
74,271,200
625,865,700
14,468,700
722,484,200
113.092,800
103,137,700
216,230,500
180,621,050

Note.—Returns of separate banks appear on page s214and215.
Foreign Exchange. No change has occurred in the conditions governing the foreign exchange market, which has
been dull on a limited demand for bills.
To-day's actual rates of exchange were as follows: Bankers' sixty days' sterling, 4 84(34 84}^; demand, 4 873^(3487%;
cables, 4 88@4 88^; prime commercial, sixty days, 4 8d%@
4 83?^; documentary commercial, sixty days, 4 83(®4 84;
grain for payment, 4 8'6%@'k 84; cotton for payment, 4 83
(g4 83)i; cotton for acceptance, 4 833^(34 83^.

—

Friday.

13,277
20,166

&

Wire advanced 10 points, Colorado Fuel
result Steel
Iron 5 points, and Tennessee Coal Iron
Railway, on
buying said to have been by inside interests, advanced
nearly 21 points. The Tobacco stocks advanced from 3 to 4
points; American Sugar Refining and Glucose Sugar Refining from 4 to 5 points
The active railway list as a whole moved up an average
of between 1 and 3 points, led by the anthracite coal stocks,
which advanced from 13^ to over 5 points. To-day's market
Railway
was active and strong, with Tennessee Coal Iron
Ohio the leading features.
and Baltimore

&

&

&

&

..
....
.....
..
.
.,,. .

.
.

Feb.

THE CHRONICLE.-STOCK

1900.]

3,

STOOKS-SiaaBST

16

•16
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eoH

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160

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198
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175

209g
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74« 75k

74

74
66

77

63

98H
48«

94J<

98
97« IT^
84% 95

49H

49

98

49

Friday,

20k
68k

68k 68%
74k 75k

75

76?s

60

68

98

98k

96

96

•48k 49k

124
13% 14
87
88k
77
77%

13k 13k
87
16% T^%
40k 41
87

41k 41k

37

81
108
17

•14H

•114
•174
•17

14k

15k
116

16
48

•46

16

16
48

11

49%

•14

6754

68k

4«

16
5

18k

13k

•U

90

44«

32
18
46
94

16

16

•16k

44«
93

•48
113k

•18
•68
•19

47

•8
•8

•16
•S8

186k

•194
•47
78

52

4

•3

4

17
33

•15
•81
•83
•194
«46

85k

aio
60

9314

•105

69k

43
186

18k
176
83

•180
•313

13k

76
84

135
317

31% 31%

53
89
66
129

2%

2%

•76k 80
93

98

17% 17%
60k 80k
•87
88

•

15
31

85
310

•83
194

17
33
86
210
55

15

33

83k

194

110
60

33
48

33

184

186

39

133

12%
76

11

8
4

17
33
85
310
64

Uk

5
14

Do

37

Do

108k

Clev. Lorain

19
63

Do

9k

pref.

6k

pref. vot. tr. ctf s.
Col. St, Son., listed May 24
Do
Ist pref.
do

44

Do
3d pref. do
Delaware A Hudson

15
117

174

el. Lack. A Western.
Denyer A Bio Onmde. ,,,.
.

18

Do

69%

\f
4%

pref.

Des Moines A Ft Dodge.
Dul. So. Shore A Atl

15
6
14

16
47%
91

EDO

pref.

Do
Do

Ist pref.
3d pref.

rie.

19

Bransy.

A Terre Hante

Do
Ft W. A Den

93

158% 168% 168

34%
60k

112

12%
58

Wheeling.

Do

11% 11%
33%

93

pref

Colorado Mid., vot. tr. otf s.

23

12%

13
33
19

&

Northern, pref.
r'nB.AW.,deb ofs. "A"
Deb. otfs. "B"
. .

34% 34k Hocking
Do
60% 60%

Valley
pref.

nil% 111%

lllnois Oeulml.
I
Central
13k -Lowa
Do
53

lak
•52
•12

..

pref.
O.,

Great

158

93

.,

pref.

12% Kanawha A Miohlgan...
12%
an. 0. P. A Oulf, tr.rec,
8
8
8%
8k
Keokak A Des Moines
•3
3
4
4
Do
15 17
15
16
pref.
31% 33 31 23 Lake Brie A Western.
Do
84
pref.
84
83k 83%
194 210 '194 310 Lake Sh. A Mioh. South.

"ioo
300
402

i33

53

10
•184

ISO

136

130

$312k 212k '812

•50%

83
63

110

52k
Uk 10

41
186

56

Ilk

33%

34

44

44%
39k

184

188

3ak
10

Dp
31%
Ilk Mo. Kansas A Texas
Do
33%
Missouri Paolflo
46
42 MoblleA Ohio

•51%

60

Ilk •10
33
33% 32k
44
44% 44%
40% 40% •40k

•183k 185

S184

184

81k
34%
69%
?1^
62
89
66

84
35

33

135
317

313

•130

31% 33%

33

80
33

90
35

135
316

'313

318

38% 33k
35% 36
70k 71k
61% 53%
74% 76

35%
70
70%
61k 51%
74k 74k

50% 50%

83
63

If

85

61% 61k

83
63

89
66

80
66

83

38% 32%
83k 25%
70k 71
51% 62%
75
75%

50% 50%

82
63

89
66

2% 2%
76k 78k
50

37

98

18

50k
88

2%

65
193

17k
60%
37

2%

if

66
•86
18

93
18

Railway.

St A Ful F— Stock.
Istmort 4s 1950...JAJ
B'way A 7th Ave— Stock.

BiMok

Istmor 6sl904...JAD
5s 1914.... JAJ

Con 5s 1943— Sm Stock
B'way Surf 1st 58 gu. 1934
Id 6slnt as rental. 1906
•ntral Ci ossto

Bid.

28%

wn— stock

85
100
330
104
110
Bxohl
117
104
866

^ 1st M 6s 1933
MAN nae
O
m Pk N A B Rlv— Stock
190
wHonsOl 7»1902

Ask.

J4D

107

40

103
840
105
113
ist.

118
106
380
ISO
1*09

98

18k
53% 56k
28% 29k

64

CITY.

3k
67%

i

2%

85
t89

2%

3

71

75
89

87

18% 18%
54k 55%
39
29k

Less than 100 shares,

18k
55%
38%
t Bx dlv.

NY.

86
36

3
71

Bid.

Chrtst'p'r&lOth 8t-8tock
ColA 9th Ave 5s-See Stock Kxchi
Dry D B B A Bat— Stock.
125
iBtgoldSs 1933... JAD 5116
Scrip 58 1916
FAA 104
Blghth Avenue Stock.
380
Scrip 68 1914
108

—

.

and

7

rights,

t

Jan

ll%Jan
85 Jan
73 Jan

35%Jan

160
118
106
400

no

85 Feb
97 Jan

Nov
136%Nov
31%Deo
149%Feb
68%Apr
lOOkSep
133%Sep
30%Jan
108%AUK
86%Au«
44%Sep
19 Nov
52kNov

33%May

^

2

114kDec

If

Dec
59%Jan
113% Jan
10%Dec

6
£

31

35

Dec

83

1

31

50%Jan

31

38

7%Jan

S

31
31
2
y

5

l08%F.-b

i

J'ne

Jan

31

Deo

»9%May
70
94

Jan

Dec 136%Sep
Dec 179 Sep
141kJan 173 Sep
188 Jan 210%Sep
100 Dec lS3%Jan
91 Feb 126kSep
113
165

Feb

15

21kJan
SSkFeb

Feb
27 Jan
16

IP

3

May

16

Mar

6%Feb

23%Aug

14%J'ne 24 Dec
Jan 85 Deo
196% Jan 208 Jan
45 Dec 85 Apr
63 Mar 88%Oct

2 87 Jail
3 §200 Jan

80

May 88%Nov
17%Mar 88%Aug
61% Jan 74kAug
43%Jan 67%Aug
68 Dec 81%Jan
70

22%Jan

26"jan""2
71kJan 31
54kJaE 2
75% Feb 2

10
Jan 8

67
50 k Jan 11

72kJan

8

J'ne

63 Jan

68%J'ne

77%8ep

54 Nov
90 Feb
4
73
68%Nov
2
68%J'ly
14,376 128V4Jan 12 33%Jan 5 133% Jan 148 Jan
88 1 27k Jan 23 129% Jan 22
3 Deo
2% Dec
1,017

Jan 13 53 Jan
85 Jan 9 8 7k Jaa
64%jKn 19 66%Jan
50

2

May
84%Apr
38

1

& Byansy.

2kJan 4
3%Jan
SOkJan
90kJan 2 94 Jan
3,840 17% Jan 16 19 Jan

5,275
6,535

A St L.

62,680
8,740

Before payment of assmt

Railway.

Bid.

49 Jaa
26 Jan

8
2
56i4Jan 31
29%Jan 81

9
9

T All asseasts. paid.

Ask.

Seoond Avenue— Stock.
300 306
Ist mort 5s 1909. .MAN 107% 108
Consol. 58, 1948.. .FAA 116
Sixth Avenue Stock
809
Sou Bouiev 58 1946. .JAJ «113
So Fer l8t 68 1919.. AAO i
Third Avenue— ;See Stock Bxch
Tarry
5g.l928 103
Yonkeis St RR 58
103

—

W PAM

88th A 39th Sts Ist 5s.. '96 {113
Twenty-Third St— Stock. 393
Deb 5s 1906
JAJ 106

Union Railway—Stock...

2
2

65 Jan 30

160

pref.

Street

'

Nov

9

.

ist.

SlkJan
124%Feb
3»%Jan
91 Jan
124 Jan
14 Jan
89 Feb
77% Jan
41kJan
17k Jan
49%jau
119% Jan
173%Jan
l64kJan
198k Jan

cokseoutivb vA.Q,m).^82REET

A.k.|

e

38

full paid.

Plttsb. Cln. Ohio.

Do

3 4', '186
8,038
34,893
10,463

18k Reading, voting tr. otfs.
1st pref., Tot. tr otfs.
56%
39k 2d pref., voting tr otfs.

43d A Gr St Fer— Stock.
390 410
75
42d St Man A St N Ave.
68
Istmort 6s 1910.. MAS 115 117
90
8d income 6s 1915. JAJ
80
Lex AvA Pav F 5s-S«« Stk Bxohl ist
Ninth Avenue— Stock
196 806
.

Peoria Decatur

9d

(Given at foot of

Street Ratlwray.

pref.

Morris A Bssex
Central A Hudson..
T.Ohio. A St Louis...

128% 129k 139% 129% 129k 130% 129% 130k 130 130% Pennsylvania
5127% 127% J187% 137% Do sub. r cts.

S9k
•17

pref.

Do
1st pref.
Do
8d pref.
New York A Harlem
130 180 N Y. Lack. A Western...,
212 816 N. Y. New HaTen A Hart.
23
33k N. Y. Ontario A Western.
Norfolk A Southern.
25% 36 Norfolk A Western
Do
pref.
71
71k
52
53% Nor.Pao. By., Tot.tr. otfs.
Do
pref.
75% 76%
Or.BR.AN.Oo.yottr.ofs.
Do pref., yot.tr. otfs.
60% 51% Paolflo Coast Co....
Do
Ist pref.....
82 88
Do 3d pref
63
§63
•80

2

59
103

1

110 Michigan Central
62% 64k Minneapolis A St. Louis..
Do
3d pref.
93
98
Minn. St P. A 8. S. Marie.
16
16

106

133k 133kl3(k 134 134k 133% 134k 131 136
18k •13k 13k 12%
13k 18k 113% 13%
76

83

84k
69%
50k
73k

IS

32k 32%
43% 43% 44k
•40

48

,

S108

9% Jan

11

30kMar
May
84%Mar
46kDec
69

1

2

§197 Jan
750 47MJan 4 55 Jan
16,960 77%Jan i 82%Jan
36,689 90%Jan 16 99 Jau
SSkDec 133%Apr
86,133 159% Jan 15 180 Jan
147 Dec 289 Mar
139 24kJan 2v 2 4% Jan .
13%Aug 29kNov
30 5 73 Jan ^ §74%Jan 31
44%May 83 Nov
1,810 10k Jan 8
2^ Jan 22
17%Apr
6 Jan
240
3% Jan 4
4kJan 3
6%8ep
1 Jan
97 §104 Jan 22 §110 Jaa
110 Oct 116 Jan
4,645 58 Jaa 25 64kFeb
36kJan 78 Aug
700 90% Jan 12 96 Feb
73kJan 99%Nov
131 15 Jan 2 17k Jan
8%Jan 37%May
113 55 Jan 20 55 Jan
39 Feb 73 May
10 Jan
5 lOkJan 12
9kDec 14%Jan
3,995 SIkJan 11 34kJan 2
88%Dec 45kAug
65,380 38%Jan 11 46 Feb
33 Dec 58%Apr
200 39 Jan 12 40% Feb
38 Jan 58 Aug
23 §1 83k Jan H- §184 Feb
176 Jan 5187 Nov
16,191 131k Jan 2 138 Jan
130 Dec 144%Mar
810 12k Jan 2 13% Jan
ll%Dec 19% Jan
840 81 Jan 3 85 Jan 31
65 Mar 85 Oct
32 Jan 2 35%Jan 5 39 Dec 41 Jan
1360 Jan 5390 Mar
100 §130 Jan 18 il30 Jan 18 139%Jan 5138%Mh
25 §212kJan2H 13 15% Jan 3 1198 Jan 5233 Apr
15,563 20%Jan 6 23kJan 31
18%Jan 23%Mar

.

61k 2i^ 60% 63
•98
94
90k 93
16k 17k 16 18

Jan 31

•,

stamped
Rio Grande.
.

43%J'ne 61%Apr,
67%J'ne 86%Nov
61 Dec 137 Apr

!<

31

88 Jan

3,036
1,230
3,870

pref.
L..

& St

Clev. Gin. Ohio.

62

77

2
2

L23kJan 31
170 Jan 185 Sep
Jan
llkFeb'"'
7%Jan 35kMar
32 Jan 16 37 Feb 2
31kDec 58kMar
60%Jan 11 65 Jan 5 4 2k Jan 64%Nov
79 10 6% Jan 2 10 9k Jan 5
94 May 108 Deo
1,997 14% Jan 10 19 Jan 31
9 J'ly
16%Jan
424 46 Jan 2 53 Jan 23 37kJ'ne 49kDeo
70U
4
9 Jan
9% Jan 2
5 Oct
ll%Deo
1,100 21 Jan
5 23%Jan 2j
16%J'ly 27 Sep
1,365
21an
6 Jan
5% J
5
8%Jan
4%8ep
747 39 Jan 8 44% Jan 2)
33 Deo 58%Mar
881 14% Jan 6 1594Jan
3
13kDeo 25 Mar
2,066 113 Jan 8 119 Jan
3 106%Jan 135% Apr
6,511 174 Jan 11 180 Jan 30 157 Jan 194kOct
2.020 16% J an 10 ISkJan 4
15%Dec 36%Apr
2,327 66kJan 10 71% Jan 3
63 Dec 80 Apr
200 ISkJan 15 15kJan 3
13%Dec 3 3%Jan
4% Jan 12 6 Jan 6
8 Nov
3 Apr
"5*0
13 Jan It- 14%Jan 3
7%Jan 17kN0T
610 ll%Jan i ll%.Jan 12
10 Dec 16% Jan
8,760 31kJaQ
33%Jan 3i 37%Dec 42 Jan
•••••
15%Jan 10 16%Jan 24 15kDec 38%Jan
4,938 40%Jan
5 47%Feb 2
36 Mar 46%Nov
900 90 Jan 21 92k Jan 31
70 Jan
98%Sep
100 15 Jan 29 15 Jan 2w
14 Aug 35 Jan
30 Mar
14 Feb
387 158 "Feb'
174kJan"'3 143kJan 195 Mar
56 Jan
57 Jan 19
49kJan 61% Jan
16
6kJan
7% Jan 22
5 May
9kOct
2,000 SOkJan
3»%Feb 2 32 J'ly 37%Sep
1,036 58 Jan
62k Jan 2 53%Deo 66k8ep
1,978 110% Jan
114kJan 25 106%Deo 132 Jan
600 1 l%Jan
12% Jan 25 lOkMar 16% Aug
500 48 Jan
53 Jan 25 40 Dec 62kAug
150 10 Jan
12k Jan 20
7%Jan 16 Mar
4,080
7%Jan
9 Jan
3

Ilk Ohio. Terminal Transfer.

. . i

110

59% 62

90k
115

•32

NHW YORK

Idmor

15k

19%Oot

2

57kJan
98kFeb
4 96%Feb
3 50%Jan

14,959 104 k Jan
736 120 Jan

. .

Bid and asked prices : no sales .

Street

3,686
1,544

Do

79

105

85
85

31

•49

78
94
168

OUTSIDE SECURITIES
_

162

37%

4

50

60

84k 84%
»70H 70k
61
61k
78k 74k
•61
•83
•64
139

740

Chlo. Indlanap.

16

80%Jan
e3%Feb
62kFob
77%Jan

37%Jan

120

pref.

t Worth A

158

nm

17
33

54
10

48%
113394 13394

19

7% 7%
33% 33k 33%
60% 60k 60k
114k xll2kll2% 112
13%
13k
12k
-~
53
54
52k 53
13
18% 13
12%
8

•16k 17

60
11
38

•40
•184

38
18

13k

112
133

33%
69%

38

8k

59%
91k 98k

3994

•90k 93
•16k 17

•63
•10
•83

12%

77k 78k
93
94k

166k 168

•105

300
100

.

49% 49k

8

U

90%Jan
48kJan

460 14 Jan
500 45kJan
35,425 11 5k Jan
348 169k Jan
1,468 158 Jan
220 198 Jan

14%

Apr

May 48%Oct
May 24%Feb
60%Jan 68%Aug
36
17

,

50 64 •50 54 Long Island
Nashyllle.
79k 79% 79% 19% 79% LoulsyilleA
VTanhattan Bley.,consol
III 94% 96k 93
96
95k 96% ^Metropolitan
167 168k
Street.
170% 174k 169% 173k 171% 172%
133% 23% •84
26
S23% 23% Met. West Side Bl. (Chic.)
24k 24k 23k
Do
•74
78
pref.
74k 78 >74% 74% 74% 77 J7d 78 Mexican
Central.
12
11% 11%
12
12
12
19% 13
12k
Mexican
Mat'I
tr. rects..
4
i3k
4
•3%
4
8k •3% 4
4%

78%

93%

Do

53
93

45

1,832 116 Jan
19,320 28%j8n
67,502 1 1 9% Jan

.

128

\f

16

Highut.

,

.

Chesapeake * Ohio
Chicago Burl. St Qnlnoy.
Chicago Consol. Traction
Chicago * Bast. nUnolB. .
.

50

Lowest.

Jan 33

8

8
9
12
Jan 30
Jan 18

•15

16
47
47k 47
90
92k 93k

163

7k

4S2
•12
8

Ilk
83k 33%

47
93

•90

33%
69%
il4kll4k 114k
12k 12H 12k

12%
9k

400

Capital Traction
Central of New Jersey . .

18%Jan
58k Jan
55kJan
73%Jan
66kJan

li',220

4%

•16

138k 3394 30k 34
•B9k 60k {59k 60

118M114

600
1,890
1,795

Jan

13% 13% Chicago Great Western.
Do 4 p. 0. debentures
89k
:?6'^
Do 6p.c.pref."A"..
77
76%
40 77k
Do 4 p.a pref. " B "
41
41

45

Highest.

14
41

188,671

89

'114
117 117
117
.179k 179k 178 179
18
18
18
18k 17k
69% 69k 69k
68k 69
14k 14k 16
14k 15k

11
33
16

fieek 166k 1166k 166k •167

7k

14k 14k

117
173k 180

67«

83

93

116

17

14

ISH
•4«
SH
•1«H 13H

35
61
106

Lowest.

182
15,078
105,938
40,791
88,390

96% panadlan Paolflo
49% 49^ v^anada Sonthem

13k 14

89

Range for previa
ous year (1899).

for year 1900.

On basis of loo-sh're lots

,

pref.

20% 20?t Atoh. Topeka & Santa Fe.
pref.
Do
68« 63^
58% 62)4 Balt.&Oblo,Tot.tr.oeTtf8.
Do
pref.
74% 77 V,
76k 76k Brooklyn Rapid Transit
50
BoffaloBooh. * PlttaborK
58
Do
pref
•98k 100

118

IIH •10k Ilk

11

14k 14k

18

16k

68«

•68M

15W

111391 11391

176M
18«

AnnDoArbor

17
45

36
86
36
85%
36k
60% 61k 61
61k 61%
-1106
103 108
iiosk losk S108% 103% 104
15
17
17
18
17k 17% 19
17k
18k 18
50
50
•61
60 54
•50
64
82
53
54
63
9
•8
8%
9
9%
9k
•8k
9k 23
•8k
9k
•38
23
83^ 81k 83?*
33% 23
21k
23k 33
Ok
6k 5k
•6M
5H
5k 5k
5k J^ *6%
•«3« 4454
43
43
43
43H 48k 42
41k 43

•84
•80
•106

of the
Week.
Shares

963^

118

184

16

217

1.

Railroad Stocks.

16
42

17
46

68

N.

Feb. 2.

116^ 118
118 118k 117k 117k 118 118
28« 895< 29^ 29% 39k 29?* 89
399«
123 123% 133% 13494
120^ 122H 1229^134
38
38
40
39
40
39
39k
87% 92
88
88
•87% 93
87k 90

9% 10k 10
36
134
34
60H 60?i 60%

10«

61

•16
•42
20

Range

Sales

STOCKS.
Y. STOCK EXCH.

A Loolsy.
pref.
U756 117k 118k 118k 11954 118% 119k 119 119% Chicago MUw. & St Panl.
171
171
•170
171
Do
172
171
pref.
171k •170 171
leOH 16094 158k 160% 159 161k 160% 161% Chicago A North Western.
160
5198
Do
198
pref.
106% i07% i07k lO'i'h 107% 108% Chicago Rook Isl. & Pac.
106k 106% 107
Chic. St P. Minn. A Cm..
131 183k 123k 122k 116 120
122 180 121
•176 180
176 180
170 180
Do
180
pref.
15J4

48

106H 106
183
180

40k

19%

?l^

78^

17
45

63
•93

•118

im

13«

13H

•87
78

•16
•42

17
43

67
71
•45

Page

(2 pages)

SA.LB PRIOES.

TTedncsdaj/i Thursday.
Jan. 31.
Fe6. 1.

19H 19«
60% 60%

59« «0H

74« 75
70M 78H

LOWEST

A-HfD

Tuesday,
Jan. 30

/an. 29.

PRICES

Stock Exchange—A Dailv, Weekly and Yearly Eecord.

New York
Saturday,
Jan. 27.

.

118
311

116%
117

Ust
100
107
480
108

|

Jan

1

7%NoT

May

88 Jan
Feb 100 Aug
15kDec 86 Jan

43
80

42%Deo
23kDec

Lowest

ex

is

68%Apr
38kMar

rights.

RAILWAYS,

<fc

Bid. Ask.^
Street Rall^vaya.
Union By 1st 5s '43.F&A 113 116
Westohest Ist 58 '43.. JAJ {109 111

BROOKLYN.

Atlan. Ave., 1st 5s.

.AAO «107

AAO
Impt5sg 1934
JAJ
B. B. AW.B. 5s 1933. AAO
Con

5a g 1931

Brooklyn City— Stock..,,
Consol 5s 1941
JAJ
BklynCro88tn5sl908.JAJ
BkinHgtalal 5s 1941AAO
a'kyn Q Co.A Sab— Se« St
Bklvn Rap.Tran,- S«« Sto

114
99
101

837
115
104

109
116
100
•

•• ••

389
117

105
ck Bx. list
ok Bz. Lift

.),.... .. . ,..

.

THE CHRONICLE-STOCK prices (2 pages)

218

STOOKS—BiaSEST AND LOWEST SALE PRICES.
Saturday,
Jan. 27

Monday,
Jan. 29

Tuesday,
Jan. 30.

*3K
•84

•40
•84

46
88

44
•85

7

•6

48

•46
•16
10

•6

547

88

•8H

•46

47
16

15« \6H

^H

•69

•69

70

S3

70
33« 34k

33k

nk

26M

26k
•48
•48
•108 104k 103
37« S7>i 36%
11%
Ilk
I54H 64H
689«
16% 16% ns%
lOS^ 114
107k
•80
•40

35
60

27k

53

S'TH

T^m
53%
15%
26
50

76
7

75k

20«

305i

20?^

46J«

*6«

27
19
60

•48
•114
•12

116

1114

59
33
93

60k
•83k 33^
•92k 94k
•146

160

73

73

6
•37

530^

5k
•28«4

38k

m% im
80k

•40
81

6

•111
•92

60«
118
115
96

46k 46%
75% 75Jg
7?«

796

31k 81k
99
99^

99

13k

59

100

150

41k
14%

1496

27

•15

•189
33

19S
82

190
32
85

85«

85

•725i

68M

•99

111
22k

•67«
10
•38
•66

80
•H5

^

26H

•105

10

•

130
•1456
•8

43«

100

•98

28k

•80

100

»4k

36k

029i

9391

36 k

26

28

•8

1196

5596

»8k

8096

2694

18

47k

479i

nik
27k

1194 St. Lonli
2894
Do

"5"

65

569<
1696

96
•30
•40
6594

47

m

18
I479i

18
479i

bird

Toledo

Do

• > * I •

40
180

•60
•15

;;;;
,..,
....

40k 40%
93k »3k

•35
•125

14%

40
134

41% 42

z40

75

75

•74

149i

15
56
26

8k»9<

90k
45k

14k
•8

9
42?<

4396

14k
9k

121
19

37

6%

6

44

3994

81k 82
6594 58k

40
'148

14

4096

150
15

•196

43
•119

:17k

44
132

18%

43

6k

•95
•6

101
10

37

37

93k •93
27% 3694 '27%
106

8

43

103% 104
58
87

•57
188

188

189

106

•6

4396

92% 94
14k

75k
•694

796

21k

Avenue

&

(N. Y.)..
Ohio Central. . ^
pref.

41k
75

14%

15

15

56

66k

26
39

28
40

35k 25k

8994

46

4796

82k 83
6796

5894

6

40

4194

90

91

13%

14

43k
130k

47

*m

m

47%Feb

51% Jan

31%Dec
13% May

40
130

...,
...,

•60
•15
44

....

•8
53696

93
37

•35

40
134

135

14%

1494

•8

48%

42%

9
4394

105k 105

106

'•5"
•60
•15
4694

•36
5130

189

10
3696

47
95
40
130

•8k
43

"•5"
•60
•16

9
4396

i',666

pref.

76,730
9,118

Do

94
•35
133

Do

silver

-'o

Do

15

87k

pref.
tr. certf s

National Steel

8%

OUTSIDE SECURITIES
street Knllwaysi.

Oal.Cem.Qr.&B'kynlBt

Ooney Island

&

s

Brooklyn.

Ist5g 1903
J&J
8scertfBlndbtl903.J&J
B'kC.&New 5s '39.J&J

Gr.St&New l8t5s'06A&O

A Lorlmer St. 1st fls.
Kings Co. Hlevat Stock

O'p't

Incomes....

latin 1rf4R

Ask.
113

103
116

*••••<

,

Bonds
Nassau Bleo pref.
6sl944

Bid
111
345
101
101
«114
104
108

88
77

. .

A&O
1*,

108
90

109k
93

9594

NewOant.Coal (new stock)
N.Y. Air Brake
North American Co

Jan

70

832

Dec

84

Jan
Jan

Nov

80
100

61

Mar

85

48
95

SHkJan

116

117

Street

Ry

Columbus (O) St Ry

.

SHkJan
10k Jan

17kDec

36,490
6,855
2,505

353

ISkJan
72 k Jau
3fi
9>*

Jan
Jau

§183 Jau

86 123kJan
85 Jau

1,002
I

Old stock,

Bid.
.

M&8

— 1 St 5s. .....

St (Chlc)Blev-Stock

J&J
deb 5s 1928
Lonisv St Ry— 5 p o bonds

101

Common

106%

Preferred

Jan 20794Oct
88%Sep!
79 Ang
5896Dec 66 Apr

71 Dec
{45 Dec
18 Nov
12 Dec

70 §463^Jan

t

Jan
Jan
Jan
10494 Jan
185 Jan
12 9k Feb
19
77
44

88kJan

Bz 1 00 p.

90
106

Ask.
91

c.

Jan

55

16kOec
60%Dec

779iFeb
§4U Jan

21

10%Apr

156

24%Jan

Kansas City Bl 6s
Bonds 4s

Lake

Mar
Dec

90kDec 129kApr
4494J'ne 61 Aug
75 Dec 91 Sep

Jan

Preferred
CroB»t' wn

6

35

9

73kJau

Con 5s 1982.— Sm Phlla
103
118
111
380
98

Feb

47kJan

Apr

63

42 Jan
Dec 830 J'ly
6%Jan 1796N0V

5% Jan

10896Feb
5894Jan
88 H Jan
18 9% J an
2594Feb
70 Feb

Feb
Deo

May 9996Ang

10* Feb
§160 Feb

2,115
135

.

Oct

Jan

36
110

3194 Dec

636
8kJau
77,490 7 994 J an
70 §155 Jan

Railway.

Cleveland Blectrlc
Con 58 1913

85

1

6SkFeb

83%Dec 40kJan
103kDec 116 Jan
3 J'ly
8kJan
9 Oot
4% Mar
48 Apr 70 Oot
13 Mar 26 Oct

Feb
Feb

138

Jan
Feb

96%J'ly 102kMa7
39 Apr
5 Jan
81 Deo 63 Jan
89 Dec 107kJan

6kJan

1396 Jau

85kJan

95
36

30
70

oonsboutive vkq^s.).— 81 REET

Ask.
107

Aug

68kJan

Jan

Jau
Jau
Jau

Deo

63kDec
9 Dec

38

3kJan

40
92

17

Feb

10%Jan

3kJau

wOkJau

764 187 Jau
41,285 199* Jau
4,285 6494Jan

. .

106

OTHER C1TIB8.
BrlUgep Tr-lst 58 '23.J&J «106
Buffalo Street Ry— Stock. 100
1st oonsol 58 1931.F4A «116
Deb 6s 1933
MAN 5108
Chicago City RR— Stock.. 275
IndlanafOlia Street Ky..,
if
Cleveland City Ry
100
OI«v> r!ttv-l»f K» 'OO.JAJ 106

25kJau

3,100 25 Jan
38S 10494Jan

. .

Bid.

Jan

Jau

11 5k Jau

6kJau
35

200
794Jan
7,718 41 Jau
41,350 lOOkJan
3,497 559iJau

896

7

59

63 Jan 101 Aug
9294Jan 180kOct
399iDeo 76 Apr
67 Dec 98kApr
95%Jan 182 Nov
87 Dec 7694Mar
96 Dec 110 Jan
97 Jan 11 7k J'ly

579«Jau
10196Feb

Jau
Jau
Jan

78%Jau

290 125

.

98

Jan

33%Sep
81 Nov

Dec

45

134kJau

38 Jan
93 Feb
2796Jan
106 Jan

6,000

Do
87k 87k
pref.
188% Pullman Company
2496 2594 Republic Iron & Steel.
69% 70
Do
pref.
•6OM1 60k Silver Bullion Certtfs.

(Given at foot of

Street Rallwaya.
NewWmb'K&Fll8tei.4k8
NTA yus Co 5s 1946. A&O
Stein way I stOs 1 922. J &J

9
30

31,342
1,680

pref.

tandard Rope A Twine.
896
104 Tenn. Coal Iron A BR
5160
160
Do
pref.
31
23% 23k 24 Union Bag & Paper
•74
77
7794 7794
eDo
•47
pref.
«48
48
•47
48
•47
48
547
47
»
147
47
United States Bzpress..,.
26
25
•
25
Unit. States Flour Milling
85
3d
35
Do
pref.
16
16k i5^ 16k 16% 17
16% 17
16
1694
16%
16%
United
States Leather
576
76
76
76
76% 7894 7696 7694 7594
78
Do
pref.
38
38
38
2S^
3794
38k 38k 38
38
37% 88 United States Rubber
5100% 100% 101 101
5103% 102k 1100% 102k 101 108
101% 101%
Do
pref.
•123 128
Wagner Palace Car....
U27 127 •124 128 128 128 5188 128
nsok
eUs,
Fargo
<fc
Co
139k
«86k 87k 869< 88% 586% 87% 86^ 87%!
8696
86% --- Western Union Telegraph
• Bid and asked prices; no sales on this day. 5 Less than
100 shares. * Bz div. of 100 p. o. in bonds.

83

Jau
Jan
Jau
Jan

, .

5187

24k
68k
60k

20

65

485
355

pref.

76

7094Jau
1

8,804

"ioc

8k 9 Ontario Silver
43% 4494 Pacific Mall
10694 10896
eop'r8Gas-L.&C. (Chic.
57!^ 58k Pressed Steel Car

58

55%Jan

1st pref.
3d pref.

Do

64

>i

10796Jan

96

pref.

Do
Do

Dec

2

Jan

2,42(

1,400

Louis)

Manhattan Beach Co

Nat. Linseed Oil,
National Starch

20 k J an

4 794 Jan

101

22kJau

pref.
(St.

7% Dec

09i Jan

Jan 30
Jan 17
Jan 8

3,035

175

KuickerDocker Ice (Chic.)

::;;
....
....

14k

.

^rer.

Laclede Gas

59

47
746 98
110 113

International Paper

10

95
40
133

1,680

pref.

iDtemauonai

84% Jan
8%Jan
85kApr
13 Aug

12kJan 15

9,43fc

H.B.ClaflinCo

101

47% 48

105% 107k
187

pref.

Teieph.

37k National Biscuit
Do
93k 98
27
27% National Lead..,.,
105% 106
Do

'.'.'.'.'.'.

1496

pref.

Detroit City Gas

537%

93
87

14k
56

9894

•95
•6

101

10594 10594

44%
93% 94
{91

1494
9

57
88
189

•95

& Iron ....

Do

1

68kDeo
PkDec
19 May

§115kJan29 5108 Jan 5119 Feb
17 Feb 2
1096 Dec 21%Mar
62%Feb
51 Dec 68968ep
31
35 Feb 2
30 Dec 46 Nov
685 «0
n4kJan 23 88kJan 97%Oct
110 24%Jan 4 33k Jan 22
30 Oct
52kMar
85 §142kJat 11 §149kFeb 2 133 J'ne JieOkAu
9,036 33kJan 10 42 Jan 31
31 Dec 41k8ep
464 72vt Jan 5 75 Jan 30
7294 Dec 85 Sep
8,479 1294 Jan 4 ISkJan 17
1696N0V
894 J'ne
2,135 52*4Jau 11 56%Jan 2
44kJ'ne 61 Dec
),800
794Jan 2
4kJan 23
6kDec 37kJan
801'
25kFeb 2 SlkJan 2 24 Dec 87kJan
27,297 SSkJan 2 4194Feb 2
3'
Dec 59 Apr
8.633 86 Jau 2 91 Feb 2
77kDeo 94kApr
29,550 41kJan 17 47kFeb 2 24 May 4t«96Nov
3,660 80 Jan 23 84 Feb 2
70 May 8694 Sep
278,188 45kJan 15 5S94Feb 1
32 Dec 78^May
83,56» 89 Jan 15 95 Feb 1
84 Dec 10694Mar
356,732 112kJan 11 137kJan 4 114kDec 182 Mar
20 111 Jan 11 115 Jau 10 110 Jan 133 Mar
31U 92kJau 18 § 98kJan 13 594 Dec 105 Apr
8,605 27%Jan 29 34%Jau 3
20 Dec 529<Apr
1,420 80kJan 12 83 Jan
2
74 Dec 99kFeb
87,786 94kJan 12 1074/Jan 3 1 78k Deo 339kApr
100 136kFeb 2 136i^Feo
121 Dec 150 Mar
6,430 38 Jan S 4l94Jan
81kDec 70 Apr
2,175 140 Jan 2 15' Feb 2 130 Dec 160 Mar
4,99^ llkJan
8 1696Jan 25
9kMay 2096Aug
Ik Jan 8 Ik Jan 8
l%Jan
696Apr
4i*,a3c
40 k Jan 8 48 Feb
30kFeb 64 Sep
650 121 Jau 30 131kJau 17
88 Jan 180 Deo
1,300 15 Jau 8 ISJ^Jan 31
6% Feb 31kSep
2,814 IfeOkJau 16 199 Jau
3 163 J'ne 223kMar
19,93- 3UkJau 11 38 Jau
3
20 Deo 6 5% Apr
3,848 83%Jau 11 89%Jau 3
71 De 10 3% Aug

18 Col. & Hook. Coal & Iron.
187 192 Consolidated Gas (N. Y.)..
3496 3596 Continental Tobacco

General Bleotrio
Glucose Sugar Refining.

Jan

66 111

6,737
2,645

pref.

A

Jan

73kJan

80,388

pref.

Do

6594Feb

1,160

4096Aug

73%ADg

37

29;,Jan

pref.

Brie Telegraph
Federal Steel

2
2

Jan
Jan

Do

Do

12i^Jan

1 496Jan
98 Feb

52
20
17

Oct

98kJan 106 Jan
Maj 44kNov
10 MaT 14kOct
5894Feb 2
40%Jan 6**96Nov
1696Jan 22
12kDec 259*Mar
135%Jan 3 11 794 Dec 242 Feb
30 Jan 89 Apr
35 Jan 45 Deo
38 Jan 73 Apr
68kJan
139 Jan
118 Jan 141 Feb
4896Jan
38%J'ne 61kDec

39kFeb

51%Jan

540

Ice ..,...,,.,.,.
pref.

olorado Fuel

Jan
Jan

36

Jan

14%Feb
75kJan
44%Jan
18k Aug

694Jan
17

'J

J«n

13(j

55
18

J'ne

45

Do

48

32%Jan
9kJaa
23kJan
50%Jan
11

9

54kJan

4694 47k American Steel Hoop
Do
83k 84
pref.
57
58k Amer. Steel & Wire (new)
Do
94k 95
pref.

4694

8%Dec
64 Ma;
38kDec

9^ Jan
Jan

Amer. Smelting & Refining

17k 18% •16

Jan
70 Jan
38 Feb
12k Jan
2894 Ja
56 Jan

U

Jan
68 Jan
9

1994 Jan

Do

....

38kMa;

3,675
3,008
1,605
4,244

pref.

136% 136%
Do
pref.
4096 41k Anaconda Copper
14994 151
Brooklyn Union Oas
13% 14
runsw. Dook&C.Imp't.
•196
196 Colorado Coal &, I. Dev't

3994 4096
'148
150

394J'ne

4 9% Jan
1594 Jan

1594Jan

76 Jaii
794Jan
2l94J»n

American Linseed
.

ei^Jan

4H%Jan

Jan

66

« 94 Feb

American Malting

6

8«kFeb

600

....::;

(

5596
6

44 Nov
90kNov
7kDec

44 Jan

Jan
6 Jan

...pref.

. .

14k

26kJan

43kJan
80

4496Jan

10% 1096 Wheeling & L. B., new
Do
62k 5394
Istpref.
Do
27k
3d pref.
18
il'' Wlsoon-Cent. new(wh.lg.)
47% 48
.Do
pref. when Iss.)
mUscellan's Stocks.

41% 41% American
75
Do
.

Highest.

43,496
12,349

Do

•73

Lowest.

400
300

Union Paolflo Ry
Do

Range for previous year (1899)

pref.

City Rapid Transit.

Wabash

21k

otf«

LXX.

[Vol.

Highest.

35kJan

83,189
11,785
24,930
3,370
106,013

,

Do

6696
6

87k 87k 87k
189 xl87
23k 24% 2394
67
66
66
!66
67
67
67k 67k
60k 69k 60k 69k 60k •59k 60k
'69k
9
18
8
8%
9
•8k
«8%
83k 83
83k 84k 87
86% 8796 86k
81k 2C% 209< 21
21% 81
22
21
77
S7Bk 75k •75
77
•75
79
•75k
49
2196

tr.

92
9294
92k 95
117k 18196 11694 118^ 11796118% American Sugar Beflnlng.
5112
112 •113 115 •113 115
Do
pref.
96
595
95
95
96
American Teleg. & Cable.
595k 598
30
3096 32
3194 33
3396 34
American Tin Plate
8 Ik
88
82
81% 8196 88
Do
83k
pref.
101
10094 108% 101% 10396 108% 10496 American Tobacco

87

•35
il30

Twin

6594

4796
7594

31

lok
52k 62k
2696 27%

pref., vot.
TDo
exasA Paolflo

139

4696

21

101
35
50

Lowest.

5,16C
1,886
5,656

.

pref

•114
115
117 5115
Adams Hzpress
13
14
17
16% 17
merican Car & Foundry
139i
60
6Ck 61
68k 63% , Do
pref.
83k 3896 33% 33k 33k 35 American Cotton Oil
93 94
•93
94
Do
•98k 94
pref.
33 American District Tel ....
3196 3196
"146
146 160
160 5143 149% American Bzpress

86
39

101

*••••
•6
•60
•15
41

Sonthweitem.

2.

Range for year 1900.
On basis of loo-sh're lots

85
100
5,275
540

Do
3(1 pref.
10k 10% 8t. li. & 8. Fr., TOt. tr. otfs
•69
70
Do
i8t pref.
35% 35%
Do
2(1 pref
16

16

16
188
85
60

117

27

•95

>8

7ot.tr. ots
i,t pref

49

61
St. Paul 4 Dnlnth
•ibo" 104
Do
pref.
3896 39k Southern Paolflo Co
11J<
119s 12k Southern, voting tr. otfg..

76k 75k
en
69i

21

1^ Ct-J.AG.Iil.
^ Do

•46
•16

63
•100
104
3896 89

187k 187k 189 18994 189 18994
32k 38k 33k 34% 3396 35
86
86
85k 86
86
86k

105k 105k 105k

103k 108Ji 1039<
56
•55k 66k
•87
«H
87
188% 188% 5188
am 20k
.5°^
•66
•59

•16

10

6

369i

40k 40k
93k

•92
•35

m

•3%

105

••

•5

•60
•15

93

100

•6

•86
•92

279<

4696

796

200
456

. .

85

86k 87
106k 106% 105% 105% 105% 5105 105
51k 60% 51k 61k 639i 63% 54k 5394 5494 64% 5696
73k •72% 73% 73k 74k 74k 7494
7594
74k 75% 75
123k 183 123
123 123k 12394 12394 12394 12394 134 124
54
53% 66
5496 56
57
66%
5796
5694
56k
57%
100
100
100
101
101
101% 101% 1019610196 SlOOk 100%
ll3k 111 113
118 113
"11
114 •111 114 •111
114
2291 •28
23
33
23
33% 2394 23k 23k 2394 25
68
67k 67% •67k 68
67% 68% 68
69
68
70
1096 1096
10k
10% I09i 10% 10% 10% 1094 •9
1094
4438
38
537% 37k *38
•35
44
•35
44
44
78
72
•66
79
•64
•66
73
•64
80
•78k 79k 79k 79k 7994 80
79% 79k •79 '7994

10496 105?i •103k 106

•122

275i

47k

10%
53k 52%

38k 88%
89k 89k
42k 43k
81
SIH
51k 65%
91k 92

121

19
190
32

35k 36
ii« li?<

7596

55%

39k 39k •38« 40k 40% 4096
150
148 150
148 150
15% 15
15k lek 15
159<
1%
*m
•196
IH
42
48
4-^ *m 42
43k
121
•118
121
123
19

11

•40

139

5696
6

•148

•15

8096

75

65k

16

189

796

80«<

49

•15
•109i

•20
•40

25
50

18S
46
75

•46

117k 121

27% 28k
81k 81k

•28k 29k

6n«

•20
•40

50

6

81

90
90
»0%
116H116k 116k

51
104
30

38k
im IIH
645<
64% 55?^
16% 16
l^H
107« 109?6

•92k 95

42

49

49k
06

35k
Ilk 12
27«

•45
•100

44k
86k 88k
ek
•5k

•eak 70

11«

146
40
75

27k
38k 3BH
88k 90

i89k 89k

70

88?s

30?i

14k 14k
55
55k

28

•92

63
104

37«

•67
.35

36?^

Ilk 12k
27k 28k

33k 33k

150
39k 40
73
73

6

•80
489<

341^

•18
59

59
33
93

•146

14k 14k
6474 64%

60

116k 1115k 115k 114

13k «13k

«60

69« 70

20%
10
10
10
10k
153
53
62
52%
26
26« 26k 26%
518k 18k •18
19
47k 48
47« 47«

69%
•17«

J^
20k

6k

•45

•16k 16k
10% 10« 11

44% Rio Grande * Western.
Do
88k
pref.

N.

Feb. 2.

•40

17

Sales
of the
Week.
Shares

Friday,

|

Feb. 1.

86

•6

48

•30
•40

4B« 46k
':4% 75%

46H

•43
85

6k

llOJi

•20
•40

Jan. 31.

44
88

•48
•101

104k

Wednesday Thursday,

STOCKS.
Y. STOCK EXCH.

Page

6k8ep
36
111

16kNov

Jan 126 Sep
Jan 160 Aug

694J'ne

64kDeo

Mar
Mar

45
89
60

Jan

58kS«P
78kSep

4C%Nov
84kNov

57 Apr
37-(^Deo
9994 Dec 181 J'ly
Oct
5205
181 J'ly

180
88

stock dlT.

1

Dec ISSkSep
Dec 98kJ*u

Bz righU.

RAILWAYS,

Street Rallwaye.

So

Bid.

Ask.

Lynn&B08-lst58'24.J<fcD «119k 114
106k Melrop W. 8.(Chic).— Sff St. Ex. Lilt.
83
Mlnueap 8tRy-58'19.J&J {108 110k
31
9894
88
8194 8894 New Orleans City By
Preferred
108 104
list.
880
109k 110k North Chicago— Stock..
Ist 58 1906-16
J&J
86
87
North Jersey St.— Stock.
30%
89
11
13
88
86
Bonds
89
No Shore Tr (Bost)-Com.
80
87
84
Preferred
116k 1179,
lie
69
68
•rov & Pawt'ck-lst 6s '33 {113
109
no
inter •St
i Buyer pays aocrned
.

g

Feb.

3,

1900

.

N

JJ

6

THE CHRONICLE-BOND

]

BONDS
81
F.Y.8TOCK EXCHANGE
Wbbk Endino

Feb. 2.

Price
Friday,

Week's

Mange

Range or

since

Feb. 2.

Last Sale.

5(? Bid.

Jan.

PHao

1.

Ask Low. High. No. Low. High

M-N

101

92^ Sale
AnnArtorlBt«4»......1995 Q-Jt
AtchT&Sl<'egeng48..l9»5 A-O 101^ Sale
1995
A-O
ReKlstered
1»»5 Novt "ss" Sale
Adjustment g 48
1995 Novt
BegiBtered.....
Equip trser Ag5a....l9U^ J-J

M 4 St P—

10
261

93

100^

101?^

90

98«

.

Deo '(,-9

97

83
81^
79% Dec '99

266

78« 88

Av Bklyn imp g 58. .1934 J -J 109K
Atlan & Danv See South Ry

110

—

Atlan & Yad. See South By
Atlanta & Char. See Sou By.
Austin &NW. See.SoPac..
Creek & S. See Mich Cen
Bat
J
95^ Bale
alt &0 prior Ig 3^68.1925 J
J
BegiBtered
JS^S-^
1848
A-Ot l66% Bale
Gold 48......
1948 A-Ot
Beglstered

eouthwDlvl8tg3Hj8.1925 J -J
1925 I -J
Beglstered
Monon HI V l8t gu g 58. 191 F-A

Cen Ohio B 1 St 0g4>i8 1930
1990
WVa&Plstg58
Beech Creek. See N Y C 4 H.

99^

'

Jan.'99

58

46'

94«

96^

lOOH

1009^

335

92M 96^
97^ 10094

S8H

89H

305

87

Sale

90^

M-S
A-O

111

J'ne'99

M

106

106
103
101
116 Nov'99
97
93M

Sale

lOSJi

116
103
95

Sale

47 103Hi 106
80 101
103

*110«
•129

llOM
103
129

131

106 "92^ "97*

llOH

100

Jan.'00

Apr '97
J'ne'99

126M Nov'9P
100

Buff&Susq l8tgold58..1913 A1913 A1906 J
BnrCBANl8t58
Con Ist & col trg 58.... 1934 A
1934 A
Beglstered

Nov'99

Beglstered

1079i Bale
116 Bale

ll«

116

18

106^^107%
116

2 115

llOiiFeb'99
106 Jan.'99

South l8t 58... 1908 J -J

107
109

1918H1-S

M-8

1913

107«

107?i

M&8tLlstgug78....1927 J-D
Sale

107^

107

109H 109
106

109

107^109^

1

Jan '97

Central Ohio. See Bait & O.
GeoBB & B of Ga—Col g 5s'37

•

90

88

M-N

91
120

1946
Beglstered
1945
Consol gold 58
1945
Beglstered
1945
Ss
lit pref income g
8d pref Income g 58. .1945
8d pref Income 5b... 1945

M-N
M-N

Oct.*
Oct.*
Oct.*

89H

Sale

32H

34

9H
4«

1987 j - J
Q«neral gold Os
1987 Q-Jt
Beglstered
Convertible deb 68.... 1908 M-N

97%
36

10^

11
6

5%

Am Dock & Imp Co 58.1921 J-J
Le&Hud Bgeugug5s.'20j-

W B C con as 7s.l900 Q-M

1912M-N

108

123^
'

...V.

,

Bale

126

Beglstered

Southwestern Dtv 4s.
Convert.lble 5s
Debenture 5s

Han 4 8t Jos con

0ktc4BIU.

.

1919 A-O
1927 M-N
1927 M-N
1921 M- S
1903 M- S
1913 M-N

13S
119
119
112^ Mar'99
114
114

122M

lOOJi

100%

i'00%

Sale

103

103

91

80

01

119H 116«

115!^

181J6 119
117
11696

119
117

117
Sale

9714

106H 108
99

99

100^ Sale
Bale

114
Bale

•102
hi QQ
11 01^ Sale

.1911 M-8 •120^
lit 8f our 08.1907 J-D

141 117)^125
119
1 116

J'ne'99
97?^

1

115i<115H

119
2 118
18 115>^ 117
128

95^

Jan.'00

139
Sale

101
99

103
99

101

102

llOMlllH

lllH

101

.Tan.'C0

5

lOlMi

lOOH 102

32 1009i 1049^

103 108
39 1089iilll!^
102

102

120^6 120J6

108>6lll

1947 J-

IjOUUtN A4Chl8t6s..'10J-

118% 113%

138
114

Jan.'OO

136
112

112
100
113

Jan.' 00

114
103« Nov'98
107 Deo '99

115
100

Bale

'112

100
113

11 \\i

OUTSIDE SECURITIES
Street

Railway.

41.

On'd Tr4Bleo(Prov)-8t'k

WMt Chicago at
Ooitt

1986

MAN

I

Bid.

Ask.

15
106
67
100

17
108

es^i

98
80
98

138
114

112«
100
lis

2 100
12 113

*ir«prtoeFrtday;lateftbidandMkedtkUw«ek. tB«ad«daeJalr.

Boohester By
Con 6s 1930
A40
8d 68 1933
J4D
flo Side Bl (Chlo)— Stock.
SynMmaeBap.Tr., 6b, 1946
DnloD Trac (Chlo) Com.
Preferred
United Bys (St L)—Com.
Preferred

ll»«

117
118

11754

109

110

20 106%

110

109%

109

109

107

108

••••• ••••••

28 11896121%
•••*•

120

120

123

126

Gas

Securities.
(Masa)Tr-Com

2dgold4i^8

108

103% 104

Con. 58 1932
Mutual Gas

N. Amsterdam Gaa,
Pref
1st oonaol 6i

106
118
100

99%
103% 103

'112

1930

F-A

Cairo Dlv Ist gold 48.1939

J -J

CCC4St L— Geng4B.1993 J-D

lis

24 131
132

134

Beglitered

01nS4Cloonlitg5s.ie28
CC 041confol7» ...1014

118

118

103

103

120

Aug'99

10»%

Oct.'e7

88

113% 113%

J-J
J-D

1038 Qn-J
Beglstered
01«T 4 PltU. Btt Penn Co.
Ool Mldl'd— lit g2-3-4B. 1047 J-J
1047 J-J
Istg 4b
.1929 F-A
Col 4 Sou Ist g 48
Met
St
By.
Ool 4 0th Av. Sm
Oolam 4 Greenv. See Bo By.
Val. Se€ Hock Val.
Col 4
Ool Conn 4 Term. Se«
IConn4Pa8BlvBlst g4i.'43 A-Ol

Gas

lit 5b

89

May'9U

83

Nov'99

9094

93

03

101% 101%

101%

99

04

118% J'ne'99
188% J'ly'99
I8O94

67%
70
84

130

13094

13094

108% Feb''09

OIndAWlitpf 6i...l938 Q-Jc
86% Sale
Feo 4 Baat lit oon 41.1040 A-O
1090 Apr
Inoome4t....
MLor4 Wlioonl8t68.1983 A-O 107%""!
01«T 4 Marietta. Se«PaBB.

H

96%
J'ne'99
Jan.'00

104% Aug'OO

0&BlitMCCCAI7i.l80l A-O

57

84« 87%

Jan.'00

26

106%

100

107

120

Jan.'00

128

129

Sale
.

86%

86
26
100

...

Bale

66%
72%
83

6794

210

73

21

S6

194

8894

68

71% 73
88

80

N4W

lOueJao. iD«eMar. aOptlom siriM.

80% NT Bleo Lt Ht A Pow— N.

46%

•••••• ••••••

Oct.'99
J'ue'99
Jan.'00

101%

1014 J-D
Consols f 7i
aanconiol gold 6i.. 1984 J -j •131M
1984 j -j
BegiBtered

Ask.

i 0894

120%
92% OS

118

07
98

1986 Q-Fo
1986 Q-Fb

Istg 48

80

110
300
86% 26

20

Oct.'99

95%

9594 Sale

M-N
1990 M-N
Registered
Spr4Col Dlv Istg 48.1940 M-S
W
W ValDivl8tg4s.l94C J-J
CIStL4Ccons6i..l920 M-N

Bid.

886

94

1S2«

127

113%Jan.'00

115

8tLDivl8tcoltrg4s.l990

* Due Nor. I Dae J one.

M4S niB

Com

106;<

4 SRy Bait Istg 58 1922 J-D
4 Mah. SeeBR4P.

ClAk4Ceq4 2dg68..

Securities.

Gold 68— See N. T. Stk.
104% 106%
Preferred
N T 4 Bast Blver Gas—
S9%
NBW FOBK.
1st 6s 1044
J4J
100% Cent Union Gas— iBt 5i {104 108
Consol 6s 1945
J4J
Con Gaf (NT)— Stock— YStk Bzoh
Nor
100
Un
1st
1927.
.M4N
5s
M4N 98
Deb 6b 1908
119
Standard
Common.
Gai—
116
Bqult Gas
F4A {101 102% Do preferred
28
Ist 6b 1899
00
04

132
181
106

113

Mar'99

03%

108
120

(Given at foot of 7 oonseoutivb pages).— fl^^AS^

i^oroester

5 130
10 127
163 108%
5 105%

129% Jan. '00
Sale

01«T4Mahonyalg6i..ie38 J -J

Nov'99
113%Jan.'00

See Brie.

Befunding g 58

140

ClnW4MDlvlftg4i.l991 J-J

loa

11896 Sep.'99
103 Jan.'00
lllM 1113^
111% J'ne'»»
102
108
120J6 Jan.'00
llOH
110>6

A-O
J-J
M-N

1905
1937

ClnD4Il8tgug68... 1941
CIStL4C. SeeCCC48tLi.
CinS4C. SeeCCC4StL.

979i City

Small

4 Brie.

11796

108% 110
108% 109

134% 133% 184
132% Jan.'00
....

134

•181%

J-J
A-O
J-J
M-N
-D

Nor Wisconsin l8t68..1930

Clearfield

103

Aug'flO
100« 100><
10494
1039^

IVI-N

•128
St P 4 8 City Ist g 68. .1 919
93%
Chic Ter Transfer g 4s. .1947
•1C5
113 114
Ch4WestllBt8f g68..1919
•116
1 982
General gold 68
* 97%
16 98 1009i Chic 4West Mich Ry 58.1921 f
1921
6 100^ 103
Couponsoff.
Choc Okla 4 G gen g 5a. 1919 J-J d

120

68..

Ch In4Loui8— Refg68.1947J-

4 St I. SeeAtchT4SFt
Chic8tL4NO. See 111 Cent.
Chic St L 4 Pitts. See Pa Co.
Chic St P M 4 O con 6s. .1 080 J -D
ChStP4Mlnl8t6s..l918

106% Feb '99
111^

Irtoonges
QenoonlstSs
Otaleago

166

Chlo

J'ne'99
1039< Oct.'99

101
105

1907 J-D
1934 A-O
1937 M-N 114
Beglstered
1937 M-N
Chlo 4 Ind C By Ist 5s 1936 J-J 105

4«

lOlMApr'99
108
109

!11«

104H
111^

lOM

97% Aug'9y
96H May'98

10296

104

36

86

ClnH4Dconst78

. .

. . .

120

J'ne'«9
J'ly'98
Sep.'99

100
103

A-O

.

48

01
120

Dec '99

Sale

. .

68..1912

96
102
96
110

82

Oct.'99
Jan.'00
Jan.'00
Jan.'00

114

Cent Pacific See So Pac Co
Charles & Sav Ist g 7s. .. 1936 J - J
Ches 4 Ohio— a 68 ser A.1908 A-Ot
Gold 68
;... 1911 A-OT
118
1 989 M-N
let con g 58
1939 M-N
Registered
1992 M-S
Gen gold 4J^8
979i
Beglstered
1992 M- S
Craig Valley Istg 58..1940 J -J
B 4 A Dlv 1st con g 48 1989 J - J
1989 J -J
2dcong48
Warm Spr Val Ist g 68 1941 M- 8
BUzLexA B Sgug 5s.l902 M-8 102
Chic 4 Alton sink fd 68..1908 M-N
Lou 4 Mo Blv Ist 7s 1900 F -A
2d 78
1900 M-N
Cklc Bur 4 Q— Con 78. .1903 J-J
Sinking fund 5s
1901 A-O
Chic 4 Iowa Dlv 58. .1905 F -A
Denv Dlv 4s
1922 F -A
Illinois Dlv g 3^8 ..,1949J-J
Beglstered
1949 J-J
Iowa Dlv sink fd 5s ...1919 A-O

90

89!^

.

Netraska Bzten 48.

Jan.'00
Jan.'00

F-At

M&NDlTlstgSs
1946 J -J
MldQa& AtlDlv5s...l947 J -J
.1946
J-J
Mobile Dlv l8t g 58..
Centof N J-lst conv 78.1902 M-N

MlssBlvBlstsfg

87H 88H

88H

69H

OentofOa By— Istg 58.1945 F-At 115

58

166

1908

58. .1919

.

CBIaF&N. SeeBCR&N.

Leh &

l8tLaCro8se4 D

i'27i6

i;0%110%

106 Jan.'OO
J-J 167J4
118 Nov'99
J-J 117%
112J4 Dec '99
Mineral Point Dlv 5s..l910 J-J 11096
119% 119%
Ist So Minn Dlv 6s.... 1910 J-J 119
120% Sep.'9«
Ist Southwest Dlv 68..190W J-J 11796
11794 Jan.'00
Wis 4 Minn Dlvg 68.. 1921 J-J 11896
118
118 Jan.'00
.1910
J-D
M
68.
I.
Mil 4 No Ist
126 J'ly'99
1913 J-D 120 123
Ist consol 6fl
Chicago 4 Northwestern—
142 Dec '99
1915 Q-F 140
Consol 78
110 Jan.'OO
1902 J-D 110%
Gold 7s
110 Jan.'OO
190?
110%
J-D
Registered
I199i 109 Jan.'00
Extension 4s. .1886-1926 F-A
106% Feb '09
.1888-1926 F-A
Registered
109
109%
1987 M-N
Gen Gold 3>68
103 Nov'98
1087 Q-N
Beglstered
119
120
Sep.'99
lie
A-O
SlnkliJgfund68.1879-lWiit
116 J'ne'99
.1879-192ii A-O
Beglstered
100 Jan.'00
Sinking fund 5B..1879-1929 A-O
Beglstered .... 1870-1929 A-O
1069i Mar'99
108 Jau.'00
2 5-year debenture58..1909 M-N
105 Dec'Oe
1909
M-N •••«•
Beglstered
117 Nov'99
30-year debenture 5s.. 1921 A-O
1179iiFeb'08
1921 A-O
Beglstered
121%
Sinking fund deb 6b ... 1938 M-N 121^ Bale 121M
•120
119%Deo'08
1933 M-N
Beglstered
78.1907
F-A
Des Mo 4 Minn Ist
Bscan 4 L Sup 1 St 68. 1 90 J-J 10396 104M 10794 May'08
108 Nov'90
Iowa Midland Ist Ss.. .1900 A-O
117% Feb '99
1905 M-S
Mil 4 Mad Ist 68
114 Aug'99
North Illinois Ist 58.. .1910 M-S
110 Nov'99
.1909
M-S
Ott C F 4 St P 1st 5s
120 Jan.'00
Winona 4 St Pet 2d 78 1907 M-N
13694 Dec '99
MllLS4Wl8tg68...1921 M-N 138
186 Jan-'OO
Bzt4Imp8f g 58... 1929 F-A 12296
140 Dec'99
Mich Dlv Ist gold 68 1924 J-J 140
140% Dec'99
1925
139
Ashland Dlv Istg 63
M-S
105% Feb '97
1907
58.
deb
Convertible
F-A
112 Nov'99
....1911 M-N
Incomes
Chicago Bock Island 4 Pac—
132
1917 J-J 130 184 132
68
130% 131
1017 J-J
BegiBtered
1988 J-J 106*' Sale 10694 106
General gold 48
1988 J-J 106%..,.. 105% 105%
Beglstered
96 8ep.'9«
Des M 4 Ft Diet 4s... 1905 J-J
83 Dec'99
1905 J -J
85
let 2^8
98% May' 99
1905 J-J
Bxtenslon 4b
113
113
114
.1928
Ist
5b.
Keok4De8M
A-O
1923 A-O
Small

letI4DExten7s

127%

c

Cen Branch D P Istg 48.1948 J -D

.

12*9""

.

106^ 107M

IS

Carb & Shawn. See HI Cen.
Car Cent. See Seab & Boan.
Carthage* Ad. SeeNYC&H.

. .

118% iio"
121%
110% 110%

53 118

119% 121%
110% Jan.'00
137% J 'ly '99
127% 127%
110% Jan.'OO

.

CBIF&NWl8tg5s.l921 A-O
SdSB

11796 11'96

11796 Jan.'00
117
Deo'99
1203^ 119 Jan.'00
Sale

167%

11296 113
110%
11 109

110%
105% Feb '98

•••• >•••«'

J -J 119
J -J 120
J -J 114%
J -J 132
J -J 126%
1910 J-J 110%

16?!^

167>«
Jan.'OO

. . .

See Brie.

Beglstered

113
1009^

167

ieeJiie'Ju

i67U

. . .

. .

Canada

i67w
167^

J-J 167^
J-J

167

Jan.'OO

. .

A-O
BkQCo&8congug58.. 41 M-N
Bk City Ist con 58.1916. '41 J-J
Bklyn Un Kl 1st g 4-581950 F-A
Bklyn A Montauk. See L. Isl.
Brnns & West 1 st g 48. 1 938 J-J
Buff N Y & Erie. See Brie.
1937 M-8
BuffB&PgengSs
1 947 J-J
Debenture 6b
Cl&Mah 1st gugSs... 1943 J -J
Roch & Pitts iBt g 68. .1921 F-A
1922 J-D
Consol l8t6
1945

Buff & Southwest.

167

.

See Illinois Cent..
K & T.
See
Bway&7thAv. See Met S By

Bklyn Bap Tr g 88

Last Sale.

167i<
167J4
167J4

J-J 117%
J-J 11S<96

since

Jan. 1.
Ask. Low. High. No. Low. High

Bid.

J-JS
Q-J8
J-J8
J-JJ

Range

Week
Range or

4

Chic M 11 & St P con 78. 1 90 5
1914
Terminal gold 58
Gen gold 48 series A. .1989
1989
Registered
Gen gold 3%& series B.l 989
1989
Registered
Chlc4L>Su Dlv g 58.. 1921
Chlc4MoRlv Dlv 68.1926
1910
Chic 4 Pac Dlv 68
Chlc4PW Istg 58... 1921
1916
5s
Dak 4 Gt So g
1924
Far 4 Sou assu g 6s
Ist Hast 4 D Dlv 78... 1910

94
101J6

219

Feb. 2.

St Paul—
Ist 78 $ g B D.'02

.

1.

Price
Friday,

J -J
78£goldBD.... 1902 J -J
1903 J -J
l8tC4M78

J'ne'99

921^

Atl

4 Car.

Page

(5 pages)

BONDS.
81
N.Y. STOCK EXCHANGE .St
Week Ending Feb. 2.

Chlo&8tLoul8t68..19lf M-S

Bel

.

1st

AmDoci&I. Se«CenofNJ.

Boonev Bridge.

PKICES

Chic Milwaukee

labama Centr"SeeSou Rflabama Mid Ist dn g. 1988
Albany ASUBQ. SeeD&H.
AlleKheny Val. See Penn Co.

—

1

1930

BBOOKIiTN.

MAM

Bid. Ask.
T.Stk. Bxch

Bzch. List.
107
100
94
116
136
115

Dm Aug. e Dae April. dDue Oct
SECURITIES, <Bg.
b

Gas

OTHBB

Brooklyn Un Gas— N Y St ook B xoh.
l8t oon 5b— N T Stock Bxoh.
46%
9894 Williamsburg Gaa— Ist 6b {100

Aik.

CITIES.

100% Baltimore OonsoUdat
Bay State Gas—
105
96
126
160
118

Bid.

Securities.

8e eBalt. Llat

Boston UnltedOai Bonda- -BOBtO nliln

7
Bnffalo City Gvi— Stock.
73
i 70
iBt Ss Bonds
Ob.
Sto Ok Bz
Cmioago Gas— Sm
Cicero Gas Co Ist 6b. . .
108% 104%
Otnolnnatl Gas A Coke.

NT

{And

Interest

tPrice

aree

1

.

THE CHRONICLE-BOND

220

2-a

BONDS.
N.Y. STOCK EXCHANGE
Week Ending Feb. 2.

PtHce
Friday,

Week's

Range

Mange or

since

Feb.

Last Sale.

'Z.

& Weiteru 7i..l907 M-8
ByrBlng&N Y lit 7». 1906 A-O

••1 Lack

?

M-N
A-O

*184
120
•140
•107
*140

...1936 J

-

Jan.'00
107H Jan.'00
139 Jan.'OO
140 Ooi.'9b
186 Jan.'00
122
8ep.'9»
108J^ J'ne'09
108 Aug' 98

122
lis
113
154
141

May'08

92

Jan.'90

110

130

90M

108

115

lis

Km Cort & No.

SscLeh&NY.

1947
1919
Sdaztgold 6s
1923
Sdeztgoid 4^s
1920
ithextgold Ss
Btbeztgold 4s
1928
1st oonsol gold 7s..... 1920
1st oonsol gold fd 7b.. 1920
Long Dock oon gold 6s. 1935

arte 1st ezt g 4s

W

70^

78

92^ Feb.'99
113

118

112

112

108}i 110

M-N 116
M-8 190
M-8 116
A-O 120
J-D 107
M-H 140
M-H 136
A-O •13tf

107% Jan.'00

113

118

118

107H 107?i
117

Jan.'00
Jan.'00
Jan.'OO

119H
113«
116M Nov'99
106>« Apr'99
142
143
140

142
143
189

118

11B«118^

tATH
lit general gold

1933
1931

5s. ...1942

Mtvernonlst6s

1923
Boll CoBr'ob Istg5s..l930
. ..1920

lit oonso) gold 6s.... 1939

Ft Huron Dlv Ist g 5s.l939
ria Gen & Pen 1st g Ss. .1918

F-A
J-J 123
A-O 107
A-O 100
A-O 100

65
136

127
107

Sale

109

A-O 120
M-N 102«
A-O •105
J-J

Deo '98

142

139" i39'

Jan.'00

•••ts •••••'

114

100

76

88

"42

67'

93
38 104

104

103
106

105
80
90

OS

99«

10 130
102
105

73

W

Illinois Centralist gold 4s

1951
1951
1951
Registered
1951
lit gold 3s sterling. ... 1 96
Registered
1951
1952
CoU Trust gold 4s
Registered
1953
Tex gold 4s 1963
Registered
1953
Registered

3Ms

lit gold

LNO&
*Mo

price Friday

-J
-J

99^

''IH

Jan.'00
Jan.'00

Deo '98
Jan.'OO

102
102

104

113

J-J 105
J-J
M-S
M-8
A-O 102
A-O
M-N ibs"
M-N

Securltlen.

H

Ii3t5i

Oousoiid

Oai(NJ)— Stok
JAJ

Ist 5s 193»

Oousol Oas (Pitts)...
Pref

Bonds 5i

Oonsum Gas

(J

Bid.
{

98
50

80
JAJ «108

1932

City)— Stk

Ist 6s
Detroit Gas- See

MAN

N Y Bxo

Bssex A Hudson Oas

9S% 117

89«

Sale

t08

133
108
108

09

74H
B8H

100

106
100

Jan.'OO
Jan.'00

103
100

105
100

115

115

116

116

112M NOT'98
106 Nov'99
102J<Apr.'9«

104
io5*

104M
102H
98

OUTSIDE SECURITIES
Gaa

See Tol

4

Ask.
100

106

21« 29«
86

87

80« 31
62« 63
112
105
'.03
h. lilt.

80

106

40

0.

95
69

Kentucky Cent. See LAN.
Keok & Dei M. SeeO RI &p.
Knoxvllle & Ohio. SeeSoRy.
lit g 5i. 1 937 J -J
Lake'Brle &
8dgold5i
1941 J-J
North Ohio lit gu 5i. .1945 A-O

W

L

S

&M

NY

See

S.

Sale

Lcis.

High

100

lOlM

.•••*• ••••••

10

»8«

101)i

100

xoiM

I089i

1085^

180%

120%

»1«

6

106

108

10«M 108K

30 130
12
00

181

98
68

113«

02
61
114

68^

69

119«

llOK

uewiiOM

1129^Jan.'00

108M 118H
UOH IIOH

61

10

60

8

HI

114N

79

68

eoH

Gaa

1997
1940

-J

llOH

llOH
Aag'98

104

J-J

icaaaa

•«•••

118

lis

120

ISO

86
88

99

68

70

110

•

A-O •UIK
Reglitered
1941 A-O
h y Coal Co lit ga g Si. 1033 J-J
Reglitered..,..,
1033 J -J
LehANYlitgug4i,..1945 M-S 88
Reglitered.....
1045 M-8
BlC&Nlitglitpf6i.iei4 A-O •112
Gold guar 61
97
1014 A O
Leh & Hud R. See Cen of N J
Leh & Wllkeib. See Cent NJ.
Leroy * Oaney Vai. See Mo P.
Leh VTerRy Iitgag6il941

Nov'99
112J4 108H Nov'99
113

113

109«

Oot.'99

1039i Nov'99

.

Long Xsl'd— 1st oon g 5i.l9Sl Q-JJ 130
98
Istoong 48
1931
General gold 4i..,....l988
Ferry lit gold 4^1. ...1922
Gold 4i
..1082
Debenture gold 5i. . , , , 1 984
Uulfledg 48
1949

V^
M-8

J-D
J-D
M-8
NY&RBlitg5i....l927 M-S
NYB&MBcong5i..l935 A-O
Bklyn

& Men

lit g 61. 1911

1911

00

Feb '99

98

10 IH Sep.'OO

t04M

104
101
98

104^
108H
08

Securlttea.

Bid.

Ask.

88

44

Ist 68 1925
JAJ
Graoid Rapids— Stock..

100

1915
FAA
Hartford (Ct) Gas L... 26
Indiana NatA III Gas— Stk
1st es 1008
MAN
lat 5s

68« 61»

nos
t

46
38

105

Y Stock Bzoh.
Gas— Stk 40

MAN

106
105
• • • • 1

45

58« 6IM

Gas— Stock. 100

MAN

130

130

06

Jan.'OO
Jan.'OC

98
101

Gold Ss

Nov*99

87H NoT'99

95
95

»

100
107

110
100
95

Jan.'99
Jan.>09

lOOM Apr'99

•

68?<
•7

107
129
115

68)^
8

68

69

48

7

7

5

A-O
J-J
M-N
Sd«s
Man S WOolonli g 5s. ..1934 J-D
Market StO Ry 1st g 6s.l013 J-J
Regiiiered
Metropol Bl 1 St g 6s.

. .

1090
1 908
1899

Sale

NOT'97
128M 139

112?^

181«
111«

109
125
60

109« Nov'99
186^ 125'y
66
Dec '99

118

lie

MoK'ptABY. SeePMoKAY
liatropoUtan Bl. See Man Ry.
Wet St By gen tr g 6s. 1 997 F-A

103
i

60

105
106

46
66

Sale

16 Ji Sale

WS

El.

8

10 188}i 188

J'ly'99
Jan.'00

111H111«
lie

116

103

Oot.'99

109H

Oot.'fl9

U4>i
102^

Sale

116

186M IS&M

107M 107M
41

16
1

eeu 88
lis

lis

106)4 lOT

107^ 107M

85M

37 103

104

103

lloM

118

87

lOS

116M

Sep.'OO

119

120^
119M

18S

123

117«

ll'^H

J-D 119H
1943 J-D
Registered
OolA9thAvlstgng5s.l993 M-8 183
1093 M-8
Registered
t,axAvAPFlitgug6s.'03 M-8 iss'
M-8
Reglitered

Met

i^

loe

1937
1940
1940

u anhattan Ry oon 4s. 1990 A-O

86

96

86

•

M

General gold 4s
1943 M-8
LoDlsTiUe ANainville—
Ceoe) Br 7s
1907 M-8
NO&Mlstg Sr ..,.,1980 J -J
Sd gold 6s
1930 J -J
B H A Nash Istg 61.. .1919 J-D
General gold 6s
1030 J-D
Peniaoola div gold 6i.l030 M-8
8tLdlvlitg6i
1931 M-S
SdgSi
1980 M-8
Maih & Deo lit 7s
1900 J-J
Sink fd(SAA)g 6s. ...1910 A-O

Sale

94
97

M-S
y-o

.

Jan.'9U
Jan.'OO
Jan.'00

Laolede Gas— N
Lafayette (Ind)
1st 6s 1924

Sale

M-N

lit gng4>iii.. 1940 J

BwayA7thAvlstog5s.l943

Wayne (Ind)— Stoik

Indianapolis
1st 6s 1920

112«
110^

Cent.

Registered 58

89
16

WTH 180M
U8M ISO
183

188

isi" ias'

I'ii" Jau.''bo

See "Unlisted.

tDneAprlL IDueJannarr. IDmaOatobar. IDneJaly. aOptlaaal.

(Givbk at poot of 7 oonsboutive

Fort

U9»

Lehyal(Pa) ooUg5i..ie97 M-N
Leh V N Y

these are latest bid and asked thU weak, t Bonds dae Augnit.

dity
A L (F storta) Ss.
Col Gas L A Heat— Com.
Preferred...

1.

••••• ••••••

M-N 107
107H Jan.'00
Dnmedg4s
J-J 09 Sale 88%
55
98M
Registered
J-J
6-20
Col
tr
....1903-18
09
Sale
102
4s
A-O
102
00
g
98H
Pens & Atl Istgng6s.l921 F-A 110^ 113
113
113
OoU trust g 58
1931 M-N 10f«
107 Jan.'00
L&N&M&Mlstg 4HS.1945 M-8 107H
107^ Jan. '00
eaw 99M
NFla&SlstgugSs ..1937 F-A 105
109H Dec'99
Kentucky Cent g 4s ... 1 987 J-J
.....
97« 97 Jan.'00
103 Jan.'98
LOln&Lexg 4MS....1931 M-N •112
LA Jeff Bge Co gag 4s. 1945 M-8
06M Oct.'99
L N A & C. See C I & L.
1930
J-J
109 Mar'98
Louis Ry Co Istoong 5s.
UiahonCoal. See LS AM 8.

37

(j

J-J
J-J
A-O
M-N

110
123
05
65
115

SANAoongag5s....l936 F-A lOSH

Mar'98

72

58H

•

122

L 8W

1999

& Mloh.

NorShblit0ongga6i..'82
La&MoRlT. SeeOhl&Alt.
L B A St L Oon on g 5i Tr eerts

Hoflking Valley—

H

105

116^117

& St J. Se» B A
Han
onsatonlo. See NYNH&H.
Registered
1999
V l8teitg48.1948
Col &
T 1st g 5S.1933
Honit B &
Hons & Tex Cen. See So P Co.

96

108^ 108^

Grand Rap & Ind. See Pa Co.

Istoong 4^8

"76

J'ly'»9

\02]4 Jan.'OO
108 Jan.'OO
101
Mar'99

Sale

Har i 8 A. See 8 P Co.
Gal
al H&H of '82 1st 58.1913 A-O •102
Oa A Ala Ry Ist pf g 58.1945 A-O 102

See St

since

Ask. Low. High.

Lex Av & P F. See Met St Ry.
80% Long Oook. See Brie.

107M 100

103

138

'

Term

Jan.

.

107

108

105

W

Gray's Pt

lie

N0T'e7
Dec'99

123

106

lit land gr ezt gold 5s. 1930 J -J 101
1943 J -J
ConiolgoldSs
It 8 & y B Bge. See StL&SF.
rort St n D Co Istg 4i^sl94l J -J '1C5
& D C— Ist g 4-8s. 1931 J-D 72
rt
FtW&RloGrlstg3-4».1928 J-J
38

1945 J-J!
Istconsol g Ss
Ga Car & No 1st ga g Ss.l929 J -J
Seorgia Paciao. See So Ry.
OUa V G & Nor. See 8o Pac Co.

Last Sale.

KalA&GR. SeeLS&MS.
an

1st 5

ar&Indl«toongag 6s. .1986 J-J
Vargo&So. SetChlA&BtP.

FUnt & Pere M g 6s.

Feb. 2.

J-J
A-O 108
M-N 131
M-8 93
M-8 60
J-D IISM

K C & MR&B Iitgng6i.l929 A-O
KCP&Qtroti.lit g 61
A-O
Kan G & Pao. See M K &
Kaniai Mid. See 8t L & 3 £

Registered

138

Jan.*00

.

6s.

Range

.

8dgold4i
1921
Iowa Central litgold5s.l938
Iowa Midland. See Ch A N
Jefferson RR. See Brie.

. . .

BurekaSprlngs 1st g
lstcon6s

Week's
Jtange or

Bid.

Istguarg 68
103^ 102M
1935
Ind DI& la Ist ref g 58.. 1948
84
96K 99M Int
A Ot No 1st goM 68. 1919
3d gold 61
10191 104^
1909

Apr'99

Y & Erie 1st 7s.l916 J-D
140
Feb '99
.J-J
W gold 6s. 1908 J-J
1908
JaffRR 1st ga gold 5S.1909 A-O '106
106 Deo'99
Oblc&Brle Ist g 5s...l982 M-N U5Jig
116
116
Coal & KK 1st ga 6s.l922 M-N
Dock & Imp 1st oar6s.l913 J-J
N Y & Qreen L gu g 5s. 1 946 M-N 105 110 109 Oot.'98
Small
1946 M-N
rle 1st oon g 4s pr bds.1996 J -J "eoiia'aie
90
90H
Begistered
1996 J-J
93W May'99
iBtaongenlieng 4s... .1996 J-J '69M;Sale
69>4
68«
BegUtered
1996 J-J
» Y S & W— 1st ref 6s.l937 J-J 108}^ Sale lOSH 108M
Sdgoid4Us
94
1937 F-A
92H Aug'&8
General gas
1940 F-A
98 Jan.'00
»3H
Terminal 1st g Ss.. .1943 M-N 108
lO8HJan.'00
Regis 95,000 each. 1943 M-N
Wllk&Baslstga g5sl942 J-D 104^ 106 104^ 106
Mid RRofNJ Istg6sl910 A-O lien
116« Jan.'00

Hrte & Piti s. Set Pa Co.
Kscan&LSap. SmOANW.

Price
Friday,

nUinols Central (Con)
Western Line lit g 4s. 1951 F-A •107
109^ Dec'99
Registered
1951 F-A
Louisville Dlv g S^ls .1953 J-J I'oiji
ioiH
iodji
Registered
1953 J-J
St LoalsDIv g 3s
1951 J-J
"siii Dec '09
Registered
1951 J-J
Gold 3Ws
lOlW
1951 J-J
101>i 101
Registered
101« Oot.*09
1951 J-J
Cairo Bridge gold 4s. 1950 J-D 102
Registered
1950 J-D
Middle Divreg 6s
183 Ma7'99
1921 F-A 116*
Spring Dlv 1st g 3^s. 1961 J -J
95 Deo'99
Registered
1961 J-J
OWcStL&N Og5s..l961
124
Dec'99
J-D
Registered
126 Dec'99
1951 J-D
GoldSjis
102 lOlS^
1951 J-D 101
1019i
Registered
1961 J-D
Mem Dlv 1st g 4s. ... 1951 J-D
Aug'Oe
106M
Registered
1951 J-D
BeUev A Car 1st 61. ... 1923 J-D '116
131 Feb '99
BtLSoQ lit gug4i... 1931 M-S 100
104 Sep.'99
CMb&Slitg
08
90 Nov'98
4i
1932 M-8
,
& St L.
{"^^ 5' * J'L *«« CO
Ind Deo &
106 Jan.'OO
lit g 5i. ..1035 J-J IOC

S

BnffN

Bnff * S
gmall

LXX.

'

astTTa&Qa. Sm.SoRj.

BULez&BS. SmC&O.

BONDS.
N.Y. STOCK EXCHANGE
Week Ending Feb. 2.

[Vol.

2.

'1

.

ngln Jol&B I8tg5g...l941 M-N

Page

.

78
78 Jan.'00
10»Ji 10b9iDec'e9

1916 J -J
& S 1st g Qs 1928 J -J
9vl\ Red
Bui So Shored At g 5s. 1937 J -J •110
Bast of Minn. S««8tPM&M.

(5 pages)

W

102?^

Nov'Ofi
I04?g
104?^

•

139

Dec '99
8ep.'99

1025^

as M

W

186

J'ne'99
Jan.'OO

98
108

77

189

130H Apr '99

J • 9SJi

•107

148

107H107H

Deo'99
May'97

148
143

1936 J -J •105^
Improyement gold 5s. 1928 J-O •103
Ft
D.
SeeCKSdP.
&

Sd6s

136

142

lstoong4iiiR

SasM&Mbm. SMCh&NW.
•asM Un R7 1st g 5s... 1917 M-N
BatM&Tol. SeeL8&M8o.
DatAMaok Istlleng4s.l995 J-D
1995 J-D
Gold 4s
Dal A Iron Range Ist5s.l937 A-O
1937 A-O
Begistered

1.

PKICES

.

Low. High

126H J'ne'99
194M Aug'99

1871-1901
1915 J-D
Ittoongnar 7i
1915 J-D
Registered
aiTLaok&W lit 6i.. 1921 J -J •134
1923 F-A
Oonitraotlon 5i
1923 M-N
Term & impt 4i
1900 A-O
Warren 8d 7s
Delawaredc Hudson1917 M-S
lit Pa Dly7i
1917 M-8
Beglit«red
A-O
131
Ba»
Ittoonga7tl906
Alb &
1906 A-O
Beglstered
1906 A-O •llSJi
Guar gald6i
1906 A-O
Begistered
1921 M-N iVs"
Bern & Sar lit 7i
1921 M-N ••#••• o«««*
Registered
Dal BIT RR Bge. See Pa RR.
Dan Con Tr Co Istg5i..l033 A O
Den Tram Co con g 6s. 1 9 1 J-J
Met Ry Co 1st ga g 6s.l911 J -J
Dan &Rar 1st gold7s.. 1900 M-N 102«

Istoong 4s

Jan.

Ask. Low. High. No.

Bid.

DakAOtSo. SMCM&StP.
aUa* & Waoo. See M E&T.

Morria* Hiiex Iit7s.l914

',

.

PAQm).—aAS SECURITIES,

Bid. Ask.
Ga» Securltlea.
40
46
Loganspt A Wab Yal- Stk
JAD 68« 61«
1st 6» 1925
80
70
Madison (Wis) Gas— Stck
AAO J105 110
1st 6s 1926
87
46
Ohio A Indiana— Stock.
JAD 68W eiH
1st 68 1936
Peoples Gas A Coke— N Y Stook Bxch
Philadelphia Co— See Bos ton L 1st,
38
41«
St Joseph (Mo)
96
JAJ { 94
Ss 1937
55
60
Stock..
Gas—
Paul
St
86
Consol Ss 1944 ....MAS i
13
ayraonse Qai— Stook
.

UH

(jra.8 Securltlrs.
Syr'seGas— it 3» '46.JAJ
Western Gas (Mllw)
i

5s— See N Y

St

Bx

dtc
Bid.

88

88H

Ask.
80
108

list.

Teles. Sc Teleph.
Atierloan DIst Tele— NY
Bell Teleph. of Buffalo.

xoh

.

A South Amer.
A Poto Teleph—Stk

Ce iirai
aes

Bond

.

..

5s

107
65
104

ommerolal Cable

Oommer Union Tel (NY).
{And IntAreit. tPrloe

116
are

8S

.

Feb.

3,

THE CHRONICLE -BOND

1900.J

R 3i,.,.19^H

M-

'87%

M-8*

100
50
12
102

J-D

Mlnofli ACp «tmpd.l917
adlnoomeKOldBt B..1917
Max North lit gold 6i..l910
Mlota Cent 8m N Y Cent.
Mid of N J. See N T Sui & W
If U Kl R7& L 30-yr g 3i. 1926

ML8AW.

An.*

J-1>

.

Iowa ex lit gold 7i... 1909
Bonth West ex lgtR7i.'10
Paolflo ex lit gold 6f 1931
.

:::;.!

1^14

10
87*'

88H

Gold S^f

"88H

1944

J-D
J-D
A-O
M-N

146
132

123

»122

106

Oct.'99

126

96« 100

'

Jan.'99

Deo '98
112
93

113)i

96^

aaaa*

113)<

••

109

S9H

89«

67
93

M-N

Mo Pao— 1ft

93

93

77
94

67

93K
91

77

Dec'99

97

104
116
116^ 114
Sale
96

91M

Sale

1121^

97« 189

94

98

123

91

94

94

105M Jan.'00
113

W

106M

10C9(

111^

a«noonryAldgrtg6s'31 AO«noonstampgtdg5s'31 A-

UlM

Sale

1

111% 104 109M 118
110

Jan.'00

10

JMUfRlvBdge. SeeOhioAAlt
prlorlleng5f.'45

109

-J

J

Bmall

J-J 80
J-J 126'
Mob A Ohio new gold 6b.. '37 J-D
1ft extenf ion gold 6f.l927 Q-J* 117
86
1938 M-8
ecneral gold 4f
MontgomDl7lBtg5B.1947 F-A lOaa
Bt li A Cairo gu g 4b .1931 J -J
MohawkAMal. SeeN 7CAH
ftlonongahela Rlv. See B A O
Mont Cent. See 8t P M A M.
Morgan's La A T. See S P Co.
MorrlaABfsex. SeeDelLAW
NachOhatAStL lft7f.'13 J-J •128
3d 6b
1901 J -J
1928 A-O
lit oon gold 5f
1917 J-J
litesT APb
1943
1945

Moit^age gold 4f
Small

'

137
134

136

Sale

85
107

Jan

'00

1819i J'ne'99

108

86

16

Jan.'00

134

135

83
107

86
107

6fMoMMWAAl.

1917
1ft
Ift gold ef Jasper Bch. 1933
Flor A Shef . See L A N
J

June RR.

See

NT

101
105

Sep.'99

111

Deo '99

-J

NawAOlnBdge. SeePennCo
N0ANBpriorlleng6s.l915 A-OT
I.

109M

1889-1 904 M- 8
Bag deb Ss of
Dabantore g4i.. 1890-1 90S J -U
1890-1905 J-D
BeglBtered
Dabtoartfextg ii....l905 M-N
Baglatered
1905 M-N
1997 J-J
«8Mb
BeglBtered.
1997 J-J
Lake Shore ool g 3Hi- 1998 V- A
Beglftered
1998 F-A
Mlob Cent ooU g 3^b..1998 F-A
Registered
1998 F-A
Harlem lBt7f
1900 M-N
Beglftered
1900 M-N
NJJnnoRga Ift4i.l98e F-A
Beglftered
1986 F-A
Wait Shore 1ft 4f ga.3361 J-J
Beglftered
3361 J - j
BaaohCrk 1ft gag4f. 1936 J-J
Beglftered
1936 J -J
Sdgngold 5f
1936 J-J
Beglftered
1936 J-J
Clearfield Bltum Coal Corp
Iftf flntgQg48BerA.'40 J-J
Bmall bonds series B.. '40 J-J
. . .

OOQTAOfwelBtgng5B.'42

B W AOgoon

loajii

102«

Mont

113
111
109

103

118«
111'

115

USH
Ul«

134

96« 97
96% 97%

102
103

May'97
110
110
108

113H

108
106

llli»
Jan.'OO
J'ne'«8

95

J'ly '98

liSH

Jan.'OO

133

J'ly '99

Aug'98

Bid.

Telephone....

MAN

167
111

Aak.

107

1139<

112«
108

1

16

100%101«
loOH 101k

A

<fc

Teleph.

Bid.

7

ABk.

76

••••••

oaoiflo

Llat

119
118
226

Providence Telephone.
100
95
Southern A Atlantic
West'n Union Teleg— N Y Stock Bxch
Electric Companlea.
173
168
Allegheny Co Light Co..
46
44
Brush Blectrlc Co
Br'dgprt (Ct) HI Lt Co.35 t 43

nllst.

Consol Blectrio Storage.

123

180
175
114

A.tlantio
.

Bddy

Feb., 1921

"Ine Creek reg guar 6a. 1932
'itts Cln A St L. See Penn Co.
'
C A Bt L. See Penn Co.

Electric

Mfg

9m

13
16
Stock Hioh
Stock Hxch

8
Co..35 t 10

Bdison Bl ni Co NY— N Y
BdlBon Bl 111 Co Brk— N Y
BdlBOD Ore MiUlng Co....

•HtsClevATollstg88..1932

*DueJuly.

(Given at foot op

Teles.

107H 107H
lOBH Jan.'00

11

108>, 108)2

Oot.'97

104H

188

188
186
128

Sep.'99

114
113

Jan.*'b6
J'ly '99

114

111

106H 107
lOlH Nov'98

37 108

107

189

189

Deo

186X18*8"*

'99
••••f« atoat'

129

Jan.'00

Dec'99
117H Aug'98
101
Feb '97
128

99«
93^
95H

99
Sale

J-D
A-O
M-N

107

Sale

105

112«
J-J
J-J
M-8
Gtd3><aooltrnBtreg.l937
P C A St L oon gn g 4WsBerteaA
1940 A-O 1171^^ Sale
115«
1942 A-O
SerieaBgnar
1942 M-N
Beriea Cguar
M-N
BarieaD 4b guar
1945
PltU Cln A St L lat 78.1900 F-A 103
1900 F-A
BeglBtered
Pitta Ft W A O lat 7a. 1912 J-J •136
1912 J-J 135
Sd7a
1912 A-O* •130
8d7a
C 8tLAPl8toong5a.l932 A-O 117
1932 A-O
ReglaterM
Olev A Pitta oon a f 7b. 1900 M-N 113)4
Gengng4>t(Baer'BA.1942 J -J •117
1942 A-O •118
Series B
rle A Pitt gu g SMb B.1940 J-J
1940 J-J
SeriesC
9rRAI exist gng4M|B.1941 J-J
AUegh yalgengng4a.l942 M-8
N A C Bdgegen gn g 4ks.'45 J-J
'anuRR 1st real esg 4b. 1933 M-N
Uoniterllngg 6b
1905 J-J

tdg4HB

18:

tDneJan.

••••• ••eaai

Jan.'OO

94

61

J'ne'99

9BK 9«M
90« 94^
saaaaa

aaai

131^ May'99
132

J'ly '99

103H

104
116
Jan.'OO

103

66H

87M 206

66

«7W

118

IISM

110

110

95
ao

95
70

103

66
95

108U 104
103

8ep.'99

May'99

118!^

118M

Oct.'99

'

i'oeii 109"
••••• ••••»
• •••
aaaatt
**a««a aaaatt

106" 106"

103
95
70

.

131
Jan.'00
1011^
lOlM
10196
101«

Deo '99
Jan.'00
Jan.'98

106
90
70

nvansDiv lBtg6strreo.'20
3dg 6atrreolstpd..l936
*ao A Bast. See C C C A St L
''aoAPekUnl8tg6B...193l

107

••••a afa«>

131

Nov'99

OIndAW. SeeCOCAStL.
hioAMlBS. SeeBAOSW.
Ohio Rlyer RR lat g 6s..l936 J-D
1937 A-O
General gold 6b
1901 J -J
Om AStL latg 4b

19

95
70

IDueJune.

Q-F
M-N
J-D

Jan.'OO

103

106

105

111J^112«

111H111«

Nov'98

115M

117«

11551

11696

17 114 117^
7 113% 11 596

113
107

Nov'98
Dec'99

•aaaa taaaaa

10596

Apr '99

109M Apr'97
135
139
135

133

136

Jan.'OO

Nov'99

119H

J*ne'99
Oct.'99

103

Jan.'OO

131

J'ly '99

108
103

Jan.'OO

108

Msy'97

110

Jan.'00

••I

•••aia

ioi" ibs"

108

108

109

110

Nov'97

ll6KFab.'99

99
98

>

Jan.'00
9914 Jan.'00
33 Jan.'00

130
91

•aaaa*

136
96
137

100

100

100

A-O

Bid.

27 104M 10796

1121^ Jan.'00
111^ Jan.'00

99H 09X
S3

28

Apr '99
Deo '99

.

•••• •t*«c«

Nov'97

in7V< Oot.'98

IDueMay. TDueNov. a These

EJectrlo Companies.
Bast Bud Ulectric Light.
Bleotro- Pneumatic Trans
Fort Warne Blec. Co.. 36

A

107H

105

••a«a aaaaaa

oonsbcutive pages).— r.^2y

Series

107

109M 111

ONJRRACangen 48.1944 M-8
i^ R RRA Bge Istgn 4s g.'Se F-A
138^1^8^
8un A Lewis Istg 48.. 1936 J-J
'•naaoola A At. See LA Nash
eo DeoAB lBtg6str reo.'20

Apr '99

Feb.'98

110

Con onrrenoy 6a reg...l905 Q-MI
Oon a 5b
1919 M1919
Reglatered
1943 M-N
Oong 4s
CI A Mar lat gn g 4^8.1935 M-N

Jan.'00

118
107
107J^ 107

OUTSIDE SECURITIES
Teleph.

99

97

lOlM 108
101!^ 109

these are latest bid and asked this week.

Kmplre * Bay niaLe Tel.
75
rle Teleg A Telep— See 8 tokBx
Tranklln
40
Sold A Stock
118
Bonds
90
Hudson River Telephone 117
Intematlon Ocean
116
,,
Mexican Telegraph
218
Mexican Telephone— See Bosto
New Kng Teiep— See Bost on Hat
Northwestern Telegraph
117

i09Ji

10
49

iBt

No price Friday;

101«

109*

19

J-D

lBtext58.'22 A-O*

101

Dec'99

1019^

OartA Adlftgu g4f.l98I J-D
NYAPntlftcongug4s.'93 A-O
NY ANorth Istg 5b.. 1927 A-O 123 124
Lake Shore A Mioh South—
Det Mon A Tol 1st 7b1906 F- A
Lake Shore con lst7Bl900 J-J 101«
Registered
1900 Q- Jl 1PI«

9a 1980.

Jan.'OO

103

103

gng5f..l915 F-Ai 108
UtlcaAB]kRlygng4B.'22 J-J

NY AN J

109

107«
107% 107%

107
10

Aug'99

118^ Apr '99
99
97M
95.%
96H 9?M
Sale
97%
955i

188M

Moh AMal Iftgn g4f.l991 M-8 104

Taleg;. dt

J'ne'99
Feb.'99
Jan.'00

Sale

104

OfweAR2d

*

103!^
1049<
101?i
1039^

.96

gn g Ss.'16 AA
BWAOT
R iBtgugSs.lS M-N

Nor

\07H Jan.'OO
107% 107%
109^ Sep.'97

•109

96!^

109%

lllWOct.'99

lo^^
102M
102M

98

109

Jan.'OO

17

110

Istsf g 4^b....1917
8fBUbsidyg6s..
1910
Ppansylvaiia Co
1921
Gnarlatg4HB
1931
Reglatered

,

109

Dec'99

110

Panama

Cent.

M Y Bkln A Man Bh. See L
M Y Cant AH R—lBt7f. 1903 J-J 109J|^
Beglftered
1903 J-J 109^
DabentoreSBOf. 1884-1904 M-8 107«,
BeglBtered .... 1 884- 1 904 M-8 107?i

104

109

103
132
129
137
106
108

M-N

W

Deo '99

113

Sale

A-O
A-O

Oswego A Rome. See N Y C
O C F A St P. See C A N
CoastCo— lat g 6a. 1946
Pao
aoof Mlaaonrl. Sea Mo Pao

«ea«« laaaa

110

109
103
180
•186
126

Ore A Cal. See So Pao Co.
Ore Ry & Nav See Un Pao
Ore RR & Nav See Un Pao
Ore Short Line See Un Pao

129

104% 106

105

J -J

MMb
MawHAD. SeeNTNHAH
If

105

136

139

128H

•••••a aaaaaa
•••••a aaat*

l23Ji Nov'99

.

NorWlf. SeeCBtPMAO.
Nor A South Ift g 6b.... 1941
Nor A Mont. SeeN.Y.Cent.

.

130

108Ml>eo'97

J

See"Unli8t.Bd8."

109^ llOM

iiom
109^ Dec'99

.

110

1.

118H118H

UOH

North Illinolf. See Chi A NW.
North Ohio. See L Brie A W.
Northern Paolflo—
Bt P A N P gen g 6f . .1923 F-A
1933 Q-F
Registered otfa
104 Sale
Prior Hen r A 1 g g 4a.. 1997
Reglatered
1997
-J
87 Bale
2047 Q-Ft
General Hen g 3a
Registered
.....3047 Q-Ft
86«
Wash Cent Istg 48.. .1948 5-M
Nor Pao Ter Co Ist g 6f.l933
>118>i 130
Nor Ry Cal. See Cent Pao.

106HJ'ly'99

since

Jan.

ll2)^Jan.'00

,

1996
1996

Range

113^ Jan.'OO

.

Registered
Small

13

Ask. Low. High. No. Low. High

N Y A R B. See Long Ifl.
N Y 8 A W. See Brie.
N Y Tex A M. See So Pao Co
Norf A West— Gen g 6f.l93l M-N
New River lftg6f... .1938 A-O 131
ImprymtAext g6f...l934 F-A
C CAT If gug9B....1933 J-J 105
98
Solo VAN B lBtgng4f.l989 M-N
N A W Ry Iftoong 4a. 1996 A-O 94

NoT'99

110

Last Sale.

A St iBtgu g Sf .'89 J-D
A St L latg 4t.l937 A-O 107«

W

Dec'99

91

ioij^

J-J
J-J
M-N
M-N
M-8
M-8
-M

1931
1931
1940
-J
1940 J -J

NYANB

3 1C2^ 104
46 114% 117

104
117

liejiSale

Feb. 2.

185
Convert deb oertB 91,000
184
Small oertfs9100
Honsatonlo R oon g 5a.l937 M-N
N H A Derby oon 6b. . 1918 M-N •114«
lBt7f
1905 J-J
90^
1905 J-J •10996.
e9'>4
1ft 6f
N Y A North. See N Y O A H.
93
Bef 1ft g 4fl992 M-S( 107 Sale
NYOA
77
Beglf 95,000 only... 1992 M-Si
N Y A Put. See N Y O A H.

100?6 Nov'99

J-D
A-O 103«

19UU
1917 M-St
Tmttg 5f
1917 M-St
Beglftered
1920 F-A
IftooUgoldSf
1920 F-A
Beglftered
raoEof Mo lftexg4f.'38 F- A
gold
6f. 1938 J-J
8d extended
lftg6f..'26 M-8
VerdV 1 A
LarorACTAL IttKSf '26 J-J
Bt Louis & Iron Mount

Bd7f

ew)4 363
5
94)4
93^6 24
4
77

94«

77

88^

41

90M

67

Sale

921^ Sale

M-N
M-N

Oct.'99

Week's

Range or

N Y Chic
1937 A-O
ReglBt»red
N Y A Greenw Lake. See Brie
N
Y
Hud.
Har.
See
O
A
NYA
NYLaokAW. SeeDLAW
N Y L H A W. See Brie.
NYANB. Se«NrNHA£l
N Y N H A Hart Istreg 4b. '03

143M 145

J'ly '99

96^

Price

J-D 113«
J-D 118H
J-D
J-D
A-O

MahonC'lRRlst 58.1934

Sf

221

3.

Friday,
Bid.

Mich Cent— iBt oon 7b1902
1902
lBtoon6f
1909
ea

145

n3M

BooneTBdnCogng7f..*06 M-N
5t...l942
MoKmV Iftgng
oong 6f...l930

OlllA81ftgL8AMB7s'01
KAAOR lftgo5f.l938

Oct.'99

14S
131
137
138

llSMSale

MKATof TlftgngCf.'48 MKO APaclftg4q....l990 F-A
DalA Wa Itt ga g 9f .1940 M-N

T«bO:!^N60tho 1ft 7f. 1903

Beglftered

Jan.'00

Apr '99

1903
1903
1997
1997

Reglftered

......

14
108

SAMS (Con)

OonBOl3dVf

12

J

1ft exten gold 9i

VobABlrm

34

llH

Y Cent— L

Bat C

Minn St Rf lit oon g 5f. 1919 J -J
Minn Un. See St P M A M.
MoKanATex— Iitg4i.l990 J-D
1990 F-A
ad gold 4i

.

84«

23

88M
lOOH

N

Registered

M BtPASSM oong 4f lntga'38 J-J

Mew 4f

Low. Ifigh

4b

gu..'36 J -J
M A P lit 6s 8t 4b4t Int
iDt gn. '26
-J

1ft g

Sale
dale

1.

Paqe

(5 pages)

BONDS.
N.Y. STOCK EXCHANGE
Week Ending Feb. 2.

70

73H

....,

prices

Beglftered

19b^
lit oont gold 9i
lit and retund. 48. ...1940 IH-8

BSMAA

Jan.

Ask. Low. High,.

F-A

Se«ChloANW
mi St Mad. See Chio & N W
MU A North. SeeChMAStP
MU A Bt P. Stt Ch M A St P
MluAStLga. See BO HAN
Mtm. A St L— lit R 7i 1927 J-D

at

La^l Sale.

11^

A-0

ll«zliit«ra«tltta)iie4i.'77
1937
Max Nat Itt gold 6t

.

Feb. 2.

34

1

-'''•

K 5t

Mince

78«

oon Income k8i...1939 J'lyt

qalp A ooU

Range

Range or

Bid.

Hex Oeiitoongold4i... 1911 J-J
lit

Week's

Friday,

Price

BDNDS.
S.Y. STOCK EXCH ANG E
Wbbk Enulno Feb. 2.
•doonlnoome

—

...

Ask.

<B

are option salea.

ELSGTRIG,

Electric Con'oa< lea.
To'-onto ( Can Bleo

f

Bondd.,.,,.

Bid.

ABk

t f k).

IX Tb jm Houst Welding Co.
Criied BlecLtAr uo pref

—

do.

••aaaa

18

I

• •

aaa

18
97

General Blectrio Oi N Y Stock Bxch Woonsocket (B I) Bl Co.. 105
Do pref.— See Boston L iBt.
Hartford (Ct) EleoLtCo. 160
Ferry Companlea.
9
Brooklyn Ferry-Stooir .. ••aaaa 28
Hartf'd(Ct) LtAPowCo35 t 6
20
Bonds 5s. See StockBxo h. list
Mo Bdison Bleotric
18
55
Do preferred
Metropolitan Ferry—6s.. 108
53
100
Narragan. (Prov)BlCo.50 t 93
IN J A N Y Ferrv— Stock..
New Hav (Ct) Elec Lt Co 200
JAJ 108 107
Ist 5s 1948
Rhode Island Bleo ProCo. 119
lAna Interest. tPrloe per sh are
I

I

I

JA

THE CHRONICLE -BOND

222

BONDS.
So
N.Y. STOCK EXCHANGE
Week Ending Feb. 2.

Friee
Friday,

Week's
Range or

Feb. 2.

Last Sale.

Range
Jan.

1.

Ask. Low. High. No. Low. High

Bid.

FlttiAOonneUiv. S«»B&0.
WttiFtWAOh. S««PennOo. J1922
Utti Junolitg6s
ritti* L Brl»-3dg5i -ISaS A-01

J-J
MoKee&BV
90 J'ne'»9
J-J 90
FlttiP &F
A-U 113 114« 113^ Jan.'OO
Pltti8hALHllitg5i..l940 J-J
875i Jan.'OO
1943
lit ooMOl gold 5i
100
100
PlttiAWeit lit g4i... 1917 J-J ioo'
.

.

100

100

M & Co certfB
Y & A8hlitoon5il927^

RWdlng Co gen g 4i.

85

1 997

J

96
83

Sale

Mob &

3

i^

441

74H
83

J'ne'99

88
105

83

93

Sale

Ohio.

See M P.
L A Iron Mount. Wabash.
L E O & N. Bet
BtLMBr. SeeTRRAofStL
Bt touls 4 San Francisco—
1900 M-N »111«
8d gold 6$ Class A
1900 M-N lllMi
Bdgoldei OlaiiB
1906 M-N *111^
adK0ld6i ClaiiO

Bt
Bt

lit g 6s Pieroe
a«neralgold 6i
General gold 5i
lit truit gold 5i

ft

0..1919 F1031 J -J
1931 J-J
1987 A-O

110

Nov'99

124

Deo'99

180
109

\Q1H
lOOH

100

4i. . .1937

J-D

8tLA8FBRg4i....l996 J-J
Bouthw DlT litg 6i.l947 \-o

81H

.1929 A-O

CentDl^ Ist g 4s.
Bt L So. See Illinois Cent.

itL8Wlitg4ibdofi.l989 M-N
-.15

Sd g 4i Ino bond otf i 1989
Gray's Pt Ter Ist gu g 5s'47
It Paul Olty Cab. o g 5i. 1937
Guaranteed gold 5i...l937
itPaul & Duluth1931
litSi
1917
BdSi
1968
lit cog 4i
.

.

105

80

8'M

Dec '99
929iDec'99

100

999^

91

Bale
Sale

90M

J-D
J-J 109
J-J 109
F-A
A-O
J-D
BtiPaul Minn A Manitoba—
1909 A-O 119
ad6i

36

109
Oct.'99
Oot.'97

9S
95

5U^

J

lU^

110

rtS&VBBdglitgei.l910 A-0
Kwiaai Mid lit g

Nov'99

tllM

112

108
271

91
60

58

3d gold

Nov'99

Eng

AAAP.

13

W

Val&NB. See Nor AW
1926
Beab A Roa Ist 5s

••!«••

112?^ Oct.'99
Jan.'00

127

126H
123

Gold 4s Cent Pac col..l949
1949
Keilstered
CPaclst lef Bug4s.l949
1949
Registered
Mortguarg 3^8.... 1929
1929
Registered

1937
1912
1931

Morgan'iLa A T lit g 6i '20
.1918
lit7i
.

J-Dt
J-Dt

80

83^ 169

83M

Bale

F-A
F-A

88
85

v<9

Bale

98%

100?t 442

J-Dt
J-Dt

83?^ Sale

83>t

83% 116

1935

J-J
J-J

1039^ Dec '99
116H Jan.'OO

117H
108^ Jan.'00
117

181"
laoji

101
103

115

il6« il6M
18 114

119M 181

iao9i
Jan.'OO

118
119
101

Dec'99
106

103

104%

117>^

108^ 108M

isi"
Jan.'00

119

il9
180|i
101

106
•• ••••••
••

• • •

102

Oot.'99

109"

Jan.''99

• • •

• e

••t.ta •••••«
....•• ••••^

110
110

100
108

110 Jan.'00
110 Jan.'00
00 Feb.'99
114JiJan.'00

iiik iiiji
.•••• ttBBtf

112«

J'Jie'99

111?6 Nov'99
jan.'00
111

HI

111

107

n2H

Nov'99
113

34 111

113

60

Oct.'99

64

61k Nov'9P

13 l43k 136

18891

123H
106k

124
I06>ieale
106 107
90
88

Si. ...1935

106k
106

106

b

.05

8

105

106k
106

'"

W

LA

See Nor Pac
See Southern
lit g6i. 1937

J-J

115

1043 A3-4i
6i.... April, 1043 Nov.
See South Ry.
Car.

30

A-O

*134

108

Oct.'99

109^ Nov'99
103H 102^

,

105*'

'.'.'.'.'.'.

.

78^

1905 F-A
TexANO lit7i
Sabtnedly lit g6i.. 1912 M-S
1943 J-J 104
Con gSi
BoPof Argulitg6s.'09-10 J -J 110
BPof Oal Ist g6i.. 1905 A-O 108
1st gold 6B8erB..1905 A-O 108«
1906 A-O 109
1st gold 68
1912 A-O 114
lit gold 6i
lit oon guar g Si 1 937 M-N »
1905-37 M-N 106M
Stamped
AAliWlitgug5i.l941 J-J 07
1937 J-J
48..
B P Oo»t lit gu g
BPaoof NMezlitg68.'ll J -J 109
OUa V G&N Istgu g Ss 1924 M-N
KoofCal Ist gug 68.. .1907 J-J 110
Guaranteed gold 68..1938 A-O

Bale

46

.

134

99
78
116

50

108}^

110
107
.

Sale
Sale
Sale

•••••• •••»••
• ••••• ••••»'

See N Y Cent.
Va A Pitts. See B A O.
VaCentAP lit g6i. 1911
WheellngAIiB lit g6i. 1936
Wheel DtT lit gold 6i.l938

74

W
w

Bngraved

New

Dec '09

78«

77

75

46 101
110

105k Jan.'00
106% 106%
07
e6k

6

56

106

09%

00

Deo '97

113
107

Jan.'99
Jan.'00

Sale

89

48.

99%

v>9W

92>BMar'9&

....• •••••#

Nov'O?
Nov'99

76

6k J'ne'eo

....1037 A-0»
^'ee"Unllst'dBd8."

78k

105k 105k
I04k 106

98k

Detroit City Gai g 6i. . • • 1923
Det Gai Co oon 1st g 5i. 1918
«d Bl 111 Bkn See K Co EL&P
.

EdElIll. SeeNYG&BLH&P
Kings Co Bl LAPg6B.....'87

118% NoV'OS
108%Deo'eO
ibe" AnV*99
*

Due July.

I

Due March,

t

117

114

117

I

95

M**««

95

Jan.'00

96

_

••••I

A-O

Due Jan.

•V2**

....tfl

Oot.'98

07

09k Nov'99

•••»fl

1040IA O
'A-O'

l8tg.6s
Beglstered.

91H

116

84

J- J
F- A

1907A-O
Purchase mon68
Ed Bl II Bkn-litcon g 4s.'39 J J

and aakedthli week, t Bondi doe Aug.

107

107

99%

99%

34

truit certtfloateB

BON DB.
GAS A HLHOTBIO LIGHT J-D
G L Co 1st g 6i.l947
104
Boi U Gas tr otf i i 1 g 5s. .39 J-J 116
110« BklynUGai litoong5i..'46 M-N
ChGLACCo. SeePGACCo
Columbus Gai let g 6i. .1033 J-J
OonGaiCo. SeePGACCo.

96

14 110 116
«8k """^
261
88^ 30
536

• • • • •

Atlanta

104
110
Nov'99

30

25k

InoomeSi...

Deo '98

116
77

114

West Shore.

J-J
A-O
J-J
101 102M
HxtenAImpgold6i..l930 F-A
SeeNYSAW
116" i 16k WllkeiABait.
Wtl A Sioux F. See St P M A M
83M 86M WtnonaAStP. SeeCANW
WliCentColittrgSi ..1037 J-J

...

108
106

Chic 8t40-yr lstour68.'28 M-N
W40-year
1936 M-N
oon g 61

Nov'99

106M Nov'97

II

West No

84

81

76%

Income

S3H

97%10(jH

<'.'.'.'.'.

Friday; latest btd

US

115

116

.

See Del

Wash OA W.

Nov'99

J-J
iio^ iVo"* 116
A-O 110
110^ Dec '99
A-O 85M Sale 84H
85H
J -J 123
120HFeb.'9M

BAAAPaiilBtgug4i.'43

*Ne price

99M 100

166" Jan.'OO

117

Deo. .3000 Moh.

WestNYAPa

NYTAMexgulitg4i.'12 A-O
Ore A Oal lit gtd g 5i 1927 J-J
J-J

.

Wash Cent

••••• ••«••<

aalHarASAlitg6i.l91u F-A
1905 J-D
8dg7i
101«....
MexA Pao 1st g,...5s'31 Jm-N
Hons ATOlstWAN 7i.'03 -J
IstgSslnt gtd

Warren BB.

104MFeb.'98

Gen g

ionthem Paciflo Co—

Con g 6s Int gtd
Gen g 48 int gtd

Deo'99

J-J

.

••••• ##••%
•••'• •••««

13Ji Aug'97

i

'.','.'.'.

J
-J

Car Cent 1st con g 4i. 1949
Bod Bay A So 1st g 5s. .1924
Bo Car A Ga. See Southern,

l06HMar'9»
108}<Aug'99

1

SiiSoPacOo.

gSi...l919 J -J
litoon g6i.l934 A-O
BarF A
1934 A-O
litg5i
St John's Dlv 1st g 4s..l934 J-J
Boloto

Sale

118M

J-D

'

.

BVANPlitif

1.

A-O
1935 J-D
"sik'ss"
3
98
98X General gold Si
87
879i
A-O "siu.
78
81^
..1990
lit
gu
4i.
g
Kan A M
80>6
81k 264 110
83H
117
4i.l917
J-J
litgold
W
Peo
A
Tot
H8
118
116k
119?il30M TStLAKO Iitg8itr.l916 J-D 114H
09 Aug'99
104
109
liOii Tor Ham & Buff Istg 48. 1946 J-Dt
137
103 104k 104 Jan.'00
Ulster A Del lit eg Si. 1928 J-D
Deo '99
100k
i"o4%
g5i..l945
A-O
(Ohio)
lit
iViii
n Bl
113Hll*%
104k 104H 2581 l03k 104k
Un Pao-BB A gg 4i. .1947 J-J I049i Bale
103v
I04k
108k
1947 J-J
Reglitered
i02ii 104 Ji
108 Nov'99
OreByANsT lit i f g 6iie09 J-J 108 110
"ii iuok 102k
103
Ore BBANsTOong 41.1046 J-D 187 Bale 101k
9 laeH 180
138%
187
eiie33
lit
F-A
BhortLlne
..*••• ••••
g
Ore
129% 139^6
Mar'99
131
1008 J-J
.••••• #••••
Utah A Nor lit 7i
May'97
108
1936 J-J
Gold Si
32 iiok us
113
112k
Sale
I13k
Ore 8h L— litoon g Si.l946 J-J
103k Nov'9t»
Non-oum ino A Si ... 1946 Sep.* ••«••• •••
76k Oct.'e9
Non-ou Ino B A ool trl946 Oct.*
UntNJRBAOOo, See Pa BR
Utah Central. See Bto G W
Utah A North. See Ore S L.
UtloaABlaokR. See NY Cent
YerVallndAW. See Mo P,
116
113
IrglntaMld. See South Ry.
116
1939 M-N 116 Sale I18k 108
Wabash iBtgSi
35 99 108
100
Bale
100
1039 F-A
86
2d gold 5i
83
83k 25 83
88
Debenture iertei A.. ..1039 J-J
764 34k 38k
36%
88k
Sale
38
1039
110
J-J
SerieiB
I2b% 126iii
5 108k
109
litgSiDet AOhHxt..l041 J-J 108k Sale i08k
91k 98
93 Jan.'00
Des Mom Dlv 1st g 4B.1939 J-J
May'09
110
108
StOhaiBridgelitg6i.l908 A-O

Nov'9fi

M-N 119«
lEOW Jan-'OO
14 H
140ii
1933 J-J 129
lltoonsolgold 6i
J-J
137« Feb '99
1933
Begtitered
114« Jan.'OO
Bedaoedtogold4><i 1933 J-J 114
J-J
106HMar'98
Reglitered
.-•••JgfS
104k 104X 104H
Mont Bzt lit gold ii. .1937 J-D
104 Jan.'99
1937 J-D
Begtitered
J-J
138« Jan.'98
.1922
Minn Union lit g 61.
135
139^ Jan.'00
Monte lit gug6i.... 1937 J-J
116 Apr'97
1937 J-J
Begtitered
118 Deo'99
1937 J-J •m'
lit guar gold 5i
J-J
1937
Begtitered
A-O
'i"o"9*
ios" Dec'
BMlitdlTlitg5l.,.1908
1908 A-O
Begtitered
1940 A-O
Nor dlT litg 4i
1940 A-O
Begtitered
130 Apr '99
WUlABFlitg 6i....ie38 J-D
1938 J-D
Begtitered
Bt P A Nor Pao. See Mor Pao
It PAB'zOitT.SMOStPMAO M-S
106« Nov'99
1 Fe P?3i A Ph lit g 5i.l94a

Ino. Si,

trust Co ctfs...
Ist gold Si. ...1937

Av

IstgSi
Weit'ndlv litg

llOMDec'99
98« 08
98H
121% lie

2000

TolAOC

Feb '99

Dakota ezt gold 6i .... 1 9 1

B

108^

1956

lit gold Si

Third
120

since

Jan.

Sate.

.

Nov'99
Deo '99

74!<

Con lit g5i
B Ten reor lien

ioo"'

Range

12

Ask. Low. High. No. Low. High
107« 108H 161 106

Bxd.

-J

'

16

96

95}^

102«

Rooh & Pitts. Sec B R & P.
Borne Wat. & Og See NY Cent.
CaltLakeClBtgsf6s.'03-13
DtJo&GIlitga-3-4i..l947
See

Last

118
M-N
99>» lOOM
g 4-5i.l938 M-S 107J<
1938 M-S 126' 124
Registered
"8*5"
83
Ga Pac Ry lit g 6i.. ..1922 J -J 131 182H
Knoi A Ohio 1st g 6i .1926 J-J 120
Rich A Dan oon g6i. .1915 J -J 100
BquipsinKIundg 5i.l909 M-8 103
1927 A-O
DebSs stamped
94M 96
109
So Oar & Ga 1st g Si. 1919 M-N
05*
Atl & Yad Ist g gu 48.1949 A-O
TirglniaMtd ser A6s.l90e M-8
1906 M-S
Small
1911 M-B
Series B 6b
1911 M-S
Small
1916 M-S
83
Series C 68...
%m
1916 M-S
SmaU
1921 M-S
Series D 4-58
1921 M-8
Small
1926 M-S •tetf •••••<
E
Series
Si
1926 M-B
SmaU
1931 M-8
Series F Ss
113
1936 M-N 110
lll«lll«
Gen Si
1936 M-N •110 113
Gtd stamped
W O A W Ist oy gu 48.1924 F-A
West N C Ist oon g 68.1914 J-J 114%
100 109
SAN Ala. 8m L A N.
100
Spok Falls&Nor Istg 68.1939 J-J
StatlBl Ry l8t gu g 4^8,1943 J-D
Sunb A Lew— See Penn RR.
79
81« Syra Ring A N Y. See DLAW.
110«
"^er A of Bt L l8t g 4Wi.'39 A-O 114
T" lit oon gold 58. 1894-1944 F-A 111«
St L M BgeTergu g 58.1930 A-O
Tex A N O. See So Pao Co.
86^ 91
103
53W 60 TexAP Ry B dtv litg 6i.l905 M-8
Sale

99%

100

84"

Sale

. . .

t L A Cat.

Feb. 2.

BTVa AGalit7i....l900 J-J 114
1930 J-J
Divisional g 5i

113M118M
15

84?iDec'99

1997
Eeglitered
Kwiiielaer & 8ar. See D A H.
By.
Uob & Dan. See South .193«
Bto Gr Weit lit g 4i.
Utah Cent Ist gu g 48.1917 A-OH
J-l>
Olo Gr Juno lit gu g 6i. 1939 J-J
.1940
Blo Gr So lit g 3-48.
.

Range or

'.'.'.'.'.'.

lit g 61.1918
lit g5i..... 1916

P

Week's

Friday,

1994 J-J 108
Registered
Dlv Istg 4-41^-581996 J-J
1996 J-J
Registered
AlaCenRlstg 6i....l918 J-J 101 113
....
Atl A Ch Air Line Ino. 1900 A-O 100^ ....
Atlan & Dan Istg 58.1950 J -J
116
Col A Green V Ist 5-6i.l916 J -J 111J4
106

•

J

4.

Price

J

LXX.

[Vol.

Mem

ritUMoK&Yo-litgu6i.'32 J-J
1934 JSdguar 6i

Fltti

Page

(5 pages)

Southern— Ist oon g5i.. 1994

Nov'98

131

prices

RONDS.
N.Y. STOCK EXCHANGE
Week Ending Feb. 2.

since

If

t

.

..

I

.m"'

eetet*

97k

•••••• ••••«*

HI

Oot.'9e
Mfty'90

Dae Not. a Theee are opUon •*!»

MTSOELI^
(GIVEN AT FOOT OF 7 OOySECUTIVE TXQliS),-FERRr &
A
Ml.cf,llaneou». Par. Bld^ Aik
-7.
o„ Bid.
o..,
A.w rMi.«.ll.in«oaa. Par. Bid. Ask.
Ask.
Mlecellaneonn. Par.
107
1 00

OUTSIDE SECURITIES
FerrT Companlea.
Stock.
H T A B R Ferry—
1933. MAN

Bondi6iof

Hoboken— Stock
lit 69
Oon. OB

Bid
67
96
66
110

Aik.

68
98
08
111

oak 96

A Ferry
H T A S B Trans
Bonds 6s of 1906. MAN i
70
10th A 33d SU Ferry .....
.JAD }100

76
105

lit mort 6i 1910..
40
80
Onion Ferry— Stock.,
MAN {100 101
lit Si 1080
{Buyer payi aonmed intere it.
tPrtceperihare.

Amalgamated Copper

.

83

Am

.

A.merio'nAxe&Tool.lOO
Co. .60 t 40
American Beet Sugar.
Preferred

Amer Bank Note

.

Amer Blcyole—Ciom...
Preferred.
Bonds 6s

MAS

Amer. Caramel— Common
Preferred

American Ginning

61
•

••

"is'

80

48

51

•

e8k OS
*«6*"

36
70

83k Amer Bide A Leather.
:••;• 'A
Preferred
Amer Press AssoCn.. 100

Agrlcnl Chem— See iJ (iton List
60
Amer Air Pow of N Y.lOO 40

88

75
350 t816

00

48

47
IS
810
66

American Screw
Km Soda Foun—Com. 100
100
1st preferred
100
8d preferred

60
Am Typefo'rs—Stock. 100
Ajner 8trawboard....l00

Ajnerican Surety

50

30k

FAA 108k
Bonds 6i
88k
Amer. Woolen—Com....
80
Preferred

Amer Wringer oom.

. .

Amer Graphophone..
Preferred

10

81k
84
81

.

.10
.10

88

JAJ

10
00
104

108
108

Phi

Ultit.

t.

100

Preferred
6s 1048
Bergn A Bng

Br—See

100k

•••

lit 6i
i

Ilk It
11« 18M

'

78

Amer. Writing Paper Ss.
Anderson (John) Tob.lOO
Automatic Vending... 10
100
Barney A SmCar

BlaokweU

116

'"'

Pref

Dnrh Tob.85

t

13

14

90

. .

Feb.

3,

.

li

Price
Friday,

Range or

Feb. 2.

Last Sale.

23

Week's

Ask. Low. High.

Bid.

N Y l8t oon g 5s ^32 M- 8

Wbke Ending Feb.

....

a7BapQLColstK5»..1915 F-A
1 O Mo Gas Co Isl g 58. 1922 A-O
g-F*

Laoaas-LCoof8tLlstg58'l«
••••'^^" Q-Ft
Small bonds
Mnt Fnftl Gas Co See PeopGas ,T-n
IIYGBIiH&P..g58.194S

117

113

110

109%

104

/.•IqIq F-A

Sale

19*^
19*'

aetundlnggSB

37
36
FCh istgng 68. 05<
Hn Fuel Gas Igt gu g 5.1 94
Trenton G & El Ist g 5b.1949
WMtn Ga» Co ool tr g os... drf

cm G-L&Cke Istgng 5s
OonaCoofChl8tgug5g

mnQi

110

.

.

17

104

91

108

Dec '99

107^ 108

Jan.'00

Registered

Debenture

Aug'99
Deo '99
Mar'98

85

80

F-A
F-A

•7

A

Sale

10494

103

103^

M-N
F-A
Q-J
Q-J

T&Tlstsf g 58.1918 M-N
Met
utDnTelCo. SeeWnUn,
M-N
8tarohMfgColstg68'S()
Nat
e wpt News 8&D D 5s.l990 J-J§
NY *N J Tel gen g58cy.'20 M-N

103

..

.

A-O

93

Sale

35

27

lOOK

18

21

89M

103
96
103« Aug'99
104 Feb.'98

10!l

21
109

Jaa.'00
Oct.'99

89^

Sale

106

89M

95HJan.'97

•110

104

108

*','.'.'.'.',

113

Nov'99

99
70

Jan.'99

Apr '97

108MDeo'99
May'97
May'97

107
80
95

'«5'

104«

65

10

60
t.

80
124
7

21
18
30

48

........
,

22
20
36
46
65

Bppens Sm A Wlera..l00
Hrie A Western TraAS.50 100

A Casualty... 100
A Dep (Bait).. 50

185
tiso
40
German Am Real Est.lOO 30
Gktodyear Shoe Machine.
Gorham Mfg Co-Com.lOO luu
Preferred
100 119H
Great Falls Ice
100
Havana Commercial
19H SI
Preferred
60
6lH
Heok-Jones-J MlU-Pf.lOO
Ist 6s 1922
80
MAS
Her'g-HaU-Mar(as8t p'd).
10
5
Preferred (asst p'd) 100
13
8
Hoboken Land A Imp't
100
6i ........
105
Illlnoli Trans
2M 2%
International Elevat.lOO
,

International Navlg. .100
Internat. Paper— See St'k

Intemat'l Pump— Com .
Preferred
Internat Silver— Se« Stk.

Bxeo

list.

17« 19
63« 65

.

Excn.
pref.
55

do
do bondi.
Iron Steamboat.
100
8i 1901
JAJ
John B Stetson—Com. 100
Preferred
100

Jonmeay A Burniam.lOO
Preferred

uco

3

list.

60

lom
5

46
90
117>i
4

100
20
KanC. P. A Gulf, new..
8
Do
preferred
35
Do
bonds, 3s
66
Knlckerb'r Ice(Chlc)-Se€ St Ex
Lawyers' Surety
100
Lawyers' Title Ins .... 1
160
Liberty Silk MUls Prf 100
Lortilard (P)— Pref... 100

J'ly'99

101

Feb '97

80

83X

21^ ai«
109

106
109
108
109

Sale

103
106

—

GOV. 8BCDRITIBS.

Ore 8h L
St

t I>ua

July

*

MaineSS
Merch A Miners' S S..
Mich-P Car

Ist

. .

112

4

115i^

115%

"li

lOlH

......

10
30

.

Bid

Ask

MlacellaneouB. Par.
Term Wareh— Stock. .100

6

30

40

Sale

A

101% 101%
101
101
102>^ 103M

112
110

111M118«

J'ne'99

••••• •••••

32

Jan.'00

"82" '83

Ist 68 1908
Title Guar A Trust, ..100

385

AAO »07H

90
55

Preferred
Union Switch

Preferred
Gramophone.... 100
National Saw— Pref.. 100
National Salt
Preferred
77%
100 125
National Surety
44%
National Tube
Preferred
9iH
55
National Wall Paper. 100
6%
N. B. Elec. Veh.Trans.
100
7S
N YLoanAImp
114
191
I.MAS
Biscuit
6s
NY
New Jer Zinc A Iron. 100
9
N.Y. Bl.Veh. Transp.lOO
50
63
N ioholspn File Co
Nicaragua Construct. 100

lie
100

£0
47

Banka.

9

85

9>6

....

Chemical

100

Sale

64« Nov'99
95
97%
76« Oct.'9«

81

Sale

80

iOiV,

Corn Exch*. 325
Domes. Exoh 100

Fifth

ii5

First

3250

14th Street*. 145

Fourth

170
100

Gallatin

140
650
612
170
29>4

"
820
150
750
615
175
31

70

.

. .

A Sm-V.lOO
100

1st 6b

SusqCoal 6s 1911.. ..JAJ
Tenneiiee Copper

101
105
115
13

115
115

133^ 133H
183% 13414
112% 112%
12 113^ 113%

108M 111
102

102

94

9i}i

91

91
86

8d

110

95H 97«
77% 'si"

89
146

81

J MISGELU8.

35
116

G6rmania*... 325
Greenwich*.. 165
Hamilton*,.. 125
a75
Hanover
Hide A L'ath 120
120
Home*
Imp A Trad. 520
172^
Irving
Leather Mfr. i%5
310
Liberty
775
Lincoln
Manhattan* 356
Market A Ful 215
Mechanics'.. 4:190
Mech A Tra* 90
190
Mercantile
Merch Exch. 130
Merchants'.. tl66
Metropolis*. 400

300
^50
135
i
i

14

*

Int.

140

Banka.

Ask.

••

. -

100

•

200
140
120

145

105

116

N. Y. CITY.
Atlantic Tr.. 190
Bankers' Tr. 196

205

•

-

.

,

•

,,

140

Riverside*... 210

Guaranty Tr 600
Int'l. BkgATr

550
Second
170
Seventh
105
Shoe A Le'th 98
826
State*
128
State of NY*
12th Ward*.. tl26
23d Ward*... 100
600 675
Union.
Culon Sq*.... no
....
West Side*. 375
335 360
Western
Yorkvllle*.. 210

Kulck'rb'ok'r 37S

t

360

Hamilton*...

Manhattan

llOH

Mechanics*..

202%

260
i

Mech A Tra*. 280
110

110
285
Nassau
280
Nat City
North Side*.. 170
People's* .... 190
Uerchants'.

^

450

i

.

MortonTrust
N Y L I A Tr
N Y Sec A Tr
North Amer.
Produce Bx.

•

700

135

350
Mercantile .. 775
Merchauts'.. 300
Metropolitan 400

> • I t

4')0

.

.

.««

400
..

t«««

450
435

1454
t
875
152
148
125
300
210
375

Real Est Tr't
StandardTr't
State Trust.
Tr.Co.of Am.
Tr.Co.ofN.Y.
union Trust.

t301
1400

USMtgATr.

500

130
•

••••

•

•• ••

195% t802
,

1600
540

Unit. States.. 1575

• •

Kings Co*.... 100
Manufaot'rs. 350

825
375
240

t

Seaboard.... 375

.

535

• •

Farm Ln ATr 1350
460
Fifth Ave Tr 400

130

Bedford*.... 216
20'6
190
Broadway*
Brooklyn* ... 110«
95
8th Ward*...
••
107
5th Ave*.... 104
315
First
335

725

•«

Central Tr'st. 3075
400
City Trust...
400
Colonial
. ••
Continental 375

BR'KLYN.

• •

•

CtLRltyB&T 250

, ,

•

>ni.

Scherm'rh'n* 150
17th Ward*. 115

* • •

92
310
200

>

260

Aik.

Bid.

Sprague

t

110

475
Plaza*
Prod Exch*.. 120
Republic .... tail

165
180

%

Brokers' (Ju otati

ns.

180Mi

Phenix

115

Washington

BR'KLYN.
410
160
300
280
.«••*
346
L Isl L A Tr 452 .,™,; •
330
Manufaot'rs. 330
••! 188
iNassau
338
*•••«
{People's
210
iWllllamsb'gh 300

j

Brooklyn Tr.
Fiatbush
Franklin
Hamilton...
Kings Co....

•

1

.

....

196

•

{ Purchaser also p ay
asterisk (*) are State banks.
t Sale at Stock Bxob. or at auction this week
t Price per ibarw.

Banks marked with an

aoorued

Bid.

86
Ninth
North Amer. 200
Oriental* .... 190
170
Pacific*
t450
Park
Peoples'* .... 225

360

27
110
118
26
96

.

•

...

.

U.S. Pneum.Hor8eColl..l t
M
Wagner Pal. Car— See Stk Exch. Ust.
Westingt Air Brake. .50 tl90 191
WlsconCentral 4b— See St ookEx Hit.

• • •

.

65
103
107
181

7
60
68
30
70
36

Aik.
60
28
113
123
27
106

Bid.
t...

26th Ward*..
New Amst.*.. 590
Union*
New York Co. 1500
116
Wallabout*..
Ex..
«<
Y
Nat
N
New York.... 245 265
Truat Coa.
19th Ward*.. 100

16J0

Garfield

73
140

Ss.,

Simmons H'rdw-Com.lOO 210

%

80

Gansevoort*.

94i<
Am* '15
29% 3u% German Bx*.
^35
German
82
81

68
t 62
30
110
Stat Isl R T 1st 6s'13AAO 107
96
JAJ
2d 58 1926

110^

114
114

1 St

Banks.

Bast River.. 130
11th Ward*. 150
Fifth Ave*.. :J600

'vr*

100
100
N J..100
Und'rg'dCable.lOO
Stand
SlosB-Sheffield, com.
Preferred
Southern Cotton Oil. .50
StandardCoupler.oom.
Preferred

lOB^i
17
11

100
preferred
100
2d preferred
Common..
100
Glass—
S
U
100
Preferred
100
U S Projectile Co

75

Brokers' Qu otatio
Mt Morns*.. 200

150)^
480
City
3.0
Colonial* .... 350
Columbia*... 190
Commerce... a70
......
Continental 128

f

Preferred
Singer Mfg Co
Standard Oil of

'

10«W 109%
109K 110%

19

Mlsoellani^ouna Par.
Union dwllch A 8, pret.fiO
Union Typewr— Com.lOO

All.

Mutual*
Nassau*

t301

Citizens'

23
Elevator— Com
86
88
Preferred
Peck, Stow A Wilcox.. 25
100
Pegamoid, pref
50 39J
Pennsylvania Coal
Penn. Water— Com.... 50
Phil A Wil Steamboat. 50
50 xe3%
24
Pittsburg Brewing
50 t 47>< 4S
Preferred
22
•S!4
Pneumatic GunCar'ge.lO
rt
1
Pratt A Whitn— Com..lOO
100
42
47
Preferred
400
Procter A Gamble.. ..100 380
100 190
200
Preferred
iBl 68— See Stock Exch list.
R.I.Perklns Horse Sh.lOO
100
Preferred

A Co

2(:3

Broadway.... 230
Butch'sADr.. t 90
Central
175

Chatham

48
20

Ask.

Chase........ 425

Otis

Swift

Bid.

Bowerv*

6

SlBllal.SO t

Broken' Q« otati ons.

45

NllesToolWrks.com.lOO

Stillw-Bierce

A

N. Y. CITY.
92^ America*
.... 425
60
Exch.... 166>i
6H Am
Astor
47.i

.

Preferred
25 t 69
Russell ABrwin
Safety Car Heat A Lt.lOO 130
Schwarzchild A Sulzb.lOO

Bid.

68

31

SemetrSolvay deb

112

66V< Nov'99

Paclflo Coal. 100

48^

,

nsHliieJi

Jan.'OO

95%

Ist 68

Texas

29
87
45
45
46

.

109

(For daily record see seventh va ae p receding,")

w 1)

41

110
170

107

(

A Stamping

List.

.

LIM

dep
A So new 30 y 48
ctfs

Trenton Pott— Com.. 100
Preferred
100
Trow Directory-New. 100
Union Steel A Chain

RoyBakPowpf

109K

106

101 Jan.'00
102!^ May'99

32

Ist 48 1938
coll tr B. .

113

Rubber Goods Mfg.

106

I

5s'42MA8

Preferred

10'

28 107

Ui
91
88
Bale
91
258
90^
Wise Can 1st 48 (wl)
Due May. i Due April. Bonds due January. T Dae Auguit. aThese are option ialM.

50
50

Nat'l

84
24

5% Deo '99

Minneapolis Brew Ist 7s.
100
Mosler Safe Co
Monongahela Water... 25

Nat Enamel'g

106

109X

Aug'9w
109

(Given at foot op 7 con^secutive pages).— ^^JV.^/S'

Mlacellaneoua. Par.
Madison 8q. Garden— 100
MAN
2d 68 1919

80
20

1

62

23

UNLISTED BONDS.

Dec '99

104

•

Kleotrio Boat

Do
Do

95

"112" NoV'98

Common— See St.FiX. Hat

120

113H

. .

dark MUe End Thr'd.lOO

mBtUl. Co. of America.
Pref

U. S.

MetrW8Bl(Chlo)

MlacellaneottB. Par, Bid. Ask
BuBS Company— Com.. 50
67H
50
68«
Pmferred
BondAMort Guar... 100 300 326
80
66
Oart«r-Crume— Pref. .100
100
89
93
Celluloid Co
15
12
Com.lOO
Flrew'rks—
Oent
£5
100 x45
Preferred
-30
50
Ohateaugay OreA Ir 68 '15
15
10
Grain Bl— Ino.
Ohes A
75
70
is
100
340
360
Mfg
Co.
Ohesebrough
Olaflln (H B)-l8tpref.l00 101
100 101
8d preferred

Diamond Match Co ... 1

Oot.'9P

Sale

'11.5pi

Atch Col A Pac 68 tr ctfi.
Atch J Co A West 68 tr ctfs.

OUTSIDE SECURITIES

73

1.

Low High

High. No.

90

6b deferred oertfs

95

Jan.'00

*Ho price Friday; these are latest bid and asked this week,

Preferred
Hleotrlo Vehicle
Preferred

1

43

91\i

I

48

since

Jan.

108 Deo'99
Optional Q- M loaj^ ...
U 8 2b registered
1918 Q- F t09M 109% 109^ Jan.'OO
35
85
U 8 38 registered
1918
P
109%
Sale
Q106 105
U 8 38 coupon
109M 110^
US 8s reg small bonds. 1918 Q- F
70
75
U 3 3« cou small bonds. 1918 Q- F 109 110 110 Jan.'00
115
1907 y-Jt 115 Sale 114V<
U 8 4s registered
116
1907 Q-Jt 115 Sale 114%
U 84s coupon
Jan.'OO
Q1925
F 133%134i< 133!^
U 8 4g registered
133^1341^
Jan.'OO
QF
1925
coupon
8
4s
U
133H
1904 Q112H 113 112% Jan.'OO
100M103H U S 58 registered
1904 Q- F 112^ 113
113% 113%
U S 58 coupon
103
103
8TATB SBCURITIBS.
91« 96H Alabama— Class A 4 to 5.1906 J-J 109 111 111 Jan.'00
105 Aug'»«
Small
108 Sep.'98
1906 J-J 109 ...
Class B 58
108 Jaa.'OO
1906 J-J 100 ...
Class C 4s
...
Currency funding 48. ..1920 J -J 100
119
...
118 Nov'98
3-658.1924
19
21
F-A
Dlst of Columbia—
110 Apr '99
Louisiana— New con 48.. 191 J-J 1061^ ...
1091^ Feb.'99
Small
89H 8994
Missouri— Funding. ..1894-95 J-J
108 Apr'9d
N-jrtn Car— Con8Ol48...1910 J-J 104
J-J 127'
Small
128 Feb.'9b
A-O
1919
68
So Carolina— 4>is 20-40.1933 J-J
96
94^ Jan.'00
Tenn—New settlem't 3g. 1913 J-J 94
91
Jan '00
J-J
SmaU
"85%
Sale
86
85^
Virginia fund debt 2-3i.l991 J-J
Registered
J-J 5
8*

09 W Feb '97

lOOM

100!^ Sale

Wh

102%

10

72

70X
1

6

Jan.'OO
Jan.'00

105

A-O
J-J
A-O
Hack Wat Reor Ist g 58. 1926 J-J
Hand B Co Ist 8 f g 6b.. .1931 M-S
1910 M-N
HobokenL&Ig Ss
1910 J-J
1U Steel Co deb 58
Non-oonv deben 58.. .1913 A-O
Iron Steamboat Co 68... 1901 J-J
Int'l Paper Co lit con g 68.' 18 F-A
J«ff&01earO&IlBtg58l926 J-D
1926 J-D
SdgSi
Kmok Ice (Chic) Istg 5s.l928 A-O
MadSq Gard 1st g 58.. .1919 M-N
Man BchH&Lgeng48. 1940 M-N

Ooniolld Car Heating. 100
Ooniol Flrew'ks-Com.lOO
100
Preferred
Oon Kan C Smelt A Ref. 25
Ooniol Rolling Stock. 100
Oramps' Sh A Bn Bldg. 100

.

6s. ..1911
Northwestern Tel 7s. ..'04
Ist
L B A P C Co
g 5g.'19

104«
103^

104H
103«

101

RR bonds

D«t MAM Id gr S^a 8 A.1911
rteT4Tooltrgsf5s...l926
Orameroy 3ng Istg 68.. 1983
Or Bly Coal & C 1st g 6s. 1919

7s..

MutUnTelsfd

1909

See

Ra-'io'.

.

1875-1900
1884-1900
1884-1900
Registered
1938
Col trust our Ss

111^ Apr'««
104^ Oct.'99
107
103
101

M-N
M-N
M-N
M-N
M-N
J-J
M-N
J-J
J-J

U 8 Leath Cos f deb a 68. '13
Vermont Mar Ist 8 f 58.1910
West Union deb 7s. .1875-00

Dec '98

108

110

105

C&

Deel&HCan.

116

PropCo Istg 41^8 5-20 yr'17 J-D
106
Yuba Wat Co con g 6s.. '23 JSp Val Wat Works Ist 68. '06 M- 8
80
107
Stan Rope AT Istg 6s.. 1946 F-A
21
1946
Income g 5e
6s..l912
Ist
s
f
Coal
J-D
g
9A\i Sun Ck
TennCoalTDlvl8tg68.1917 A-Oil 107
110
Blrm Dlv 1st con 88. ..1917 J-J 109
Cab C M Co Ist gu g 6s..'22 J-D
De Bar C A I Co gu g 6s.'10 F-A
U 8 Knvel Co 1st 8 f g6g 1918 J -JIT

OolO&I DevCogug58..1909 J-J
off.

- .1
Procter &
Rooh&PltC&I pur m 581946 M-N
St L Ter Cupples Station A

.

Non-cum Ino Ss ...1907 J -J
Oleart Bit Coal. SeeNYC&H
list conges... 1900 F-A
Ool
Coupons

See West.Un.
Gamb Ist g 6s. .'40 J

no

103)^

Jan.'OO

106

CahCoalMln. SeeTCI&RhlO.To & 8tYd ool g 58.1915 J-J

Ool Fnel Co gen gold es.l9l9
Ool F & 1 Co gen 8 f g 5s. 1943
Com Cable Co Ist g 48... 2397
2397
Baglitered
Bardel C & I. See T C & I.

Week's

Ask. Low.

Bid.
90

108

91M[ 145

92M

110

.

W W

Last Sale.

113

106)^ Nov'99
120 Oct.'99

J-J
M-N
M-8
M-N

m
AmDk&ImpSs. SeeCenNJ
Mfg 1st g 68. 1915 M-S
Am Spirits
8 Car Co st « 6s.l942 J-.l
OkinFerryColstcongSs 48
& H Istg 5s 1945
Bi'n

Feb. 2.

113

109M Apr'U9

A-O
M-S
M-8
J-J 108«
J-D

DS.
Bx-Col trg 48.1948 M-8
Adam*
1900
Qn-F
.
88.
Cot OH deb g
1

19

110

110
121

....

inSCBLLANBOUS BON

Oar &

Jan.'00

103H

99!^ Sale

ri-8
Bd Bini l8t00llVB6»..lBlU j-J
120
litcongSs
^''-iSod M-N 106
PeoQas&Clstgug6s..l904
1904 J-D 104
«dgtd8 68..
lit oonsol g 68

Range or

S

J-D

Begistered

Price
Friday,

NoWeitnTeieg.

J-D

58... 1922

223

5,

2.

V Y A OntLandlsig 68.1910 F-A

.

aiiiKleo Co deb K

Fidelity
ridellty

1.

...

Page

N. Y. STOCK EXOHANG E

Low High

pro.

(5 pages)

..

BONDS.

since

Jan.

.

PRICES

Range

JF

4.

.....

THE CHRONICLE —BOND

1900.]

BONDS.
^1
«. Y. STOCK EXCHANGE
Wbek ending Feb. 2.

a Gas

.

,

1

)

.

,

THE CHRONICLE.

224

[Vou LXX.

Boston, Philadelohia and Baltimore Stock Exchanges— A Daily and Yearly Record.
Sales
Sbare Prices— Not Per Centum Prices.
Range of Sale$ in 1900.
ACTIVE
STOCKS.

Saturday,
Jan. 27.
*840

87H

•842
198

198'

181X 181H
136
130
34
44
184

134
•125
•33
44
183

Monday,

Tuesday,
Jan. 30.

Jan. 29.
2t0

240

97

97

197

197

243

240
97
197

Jan. 31.

240^

•340

98

96
242
197

•243

197

1209i 121M 121i^l22M 1229^
•134
139
•133h 135 •133k
•125
•185
•125
130
180

34

34

33

34

•33k

240

98k

98
•242
197

248
198

97

969^

98>B

8M SH 8H 8 11-1«
2SH 25 3-L6 25 1-16 25^
13« 13H

•13X 14
46

46>4

46

76

75

74% 75

S8M

38

•88

46

38}4
16

16

93^ 93

•93M 03

27
76

30

•88

76^ 77

2%

4« 4%
116^116
ll4^
IIM ll«

•114

867

867

50« 60H
760

•?40

»IH 21H
•Vi" "Va'

103^ 106
•48M

IH

335

335

2k

29i

IM
335

836

30

335

iH

49*

50

51

740

740

2m

2196

55«
•41
42
104 106
61
61H
44

44

44

21« 31H

48

97k Philadelphia Traction

97

97

50
"
.... 50
"
.... 50
"
.... 50
"
.... 50
( Boston) .... 1 00

9% 9k Reading Company
9 3-lP
87 T-18 3- 27 13-16 38 1st preferred
7-16
14
2d preferred
9-16
14k 14
tl796 4796 Union Paclflo
47
47
75k 75k t79k 7591 Preferred

39% Union Traction
16% 16k United Ry & Blec. Co

39

38% 89%
18k 18k
93^ 93

31

38

30

•76

78k

296

340

4%

49i

58k

5196

76

77

•100
•135
17

101

101

140
18

140

160
80
42

150
20

149^
20%

1491^
2091

150

42«

4294

42

5396
•4394

•489i
'41k
769<

aik

21k

76%

77
101
140

135

179<

179i

4«%

499i

West Bnd

93

tJ294

t28k 30
78k
t76

»H

Ik
t340

4%

4%

394
196

17%

51

50

t50
t735

41%

»

•

63
63
Bid and Mkedprtoes

INACTIVE STOCKS
RAILROADS.—Price*
Atl & Charlotte(Balt) 100
Bo* & Maine pf Bost) 1 C
100
Boston & Prov. "
.

(

43
61
61
63
no sale wa made.
Bid. Ask.
Feb. 2.
128
165
•

• *

230

"

14
leo'

"37"'

93
67

KG

16

•

• • *

Street
. . .

Preferred

"

American Alkali

"

Preferred

• •

•«

113
19

MI8CBLLANB0US.

2%

AJlonec Minlng(Bost) 35

Amer.OementlKPhU)
Arnold Mining.

"

8%

79*

(Bost) 26

17

25

"
25
Atlantic Min'g.
"
25
Baltic Mining..
Beth Steelt... .(Phil) 50
Boston BleoLt. (Bost) 100

Cambria Iron.. (Phil) 50
(Bait) 100
Canton Co
Centen Mining. (Bost) 35
"
Central Oil
36
Con. Lake Sup. (Phil) 50
"
Pref
50
....
Dajllght Prism. ••
60
Dlam State St 1 •'
10
Domln Coalpf.(Boit)100
BdlionBI 111... " 100
Hleo Coof AmT.(Phll) 60
franklin Min'g. (Bost) 25
100
eeneral Elect.. "
"
Pref
100
(MnBl Anto-MI(PhU) 6n
10
Qrecer Mfg.... "

18

8k

«k

25

26

17%

18

6'

17
172
4494

80k

90

179*

18

17k

18k
20

19

,

k

•

•

6M

115%

1294

14k
133k
136

Ind-Bgyp ComT(Bost)100 "16%
IntButH&SM "
10
3%
"
[ale Royaler...
85
83
&IanafacRnb..(Phll) 60
8
"
Pref
60
MartdenCoT.. <• 100 12k
Mergenthaler . (Bost) 100 :«6k
10
Mez Telephone "
29t

*••••

NewHavI&81I(Phll)

No AmG Dredg(B08t)

4%
2k

4

5

25
25
35
(Phila.).... 60

(Boston)
"
"

96';

1,721
7,6 If

474
90

Jan.
3
Jan.
%
Jan.
4
302% Jan. 6
124% Jan. 3
138 Jan. 4
125 Jan. S
34k Jan. 9
45 Jan. 4
125% Jan. 85
36k Jan. 3
1394 Jan. 83
100 Jan. 29
54% Jan. 8
7494 Jan. 90
205% Jan. 3
66% Jan. 5
97% Feb. 3
'
7-K' Jan. a
24 e-16Jan.lU 28% Jan. 31
13 Jan. 10 14 11-16 Jan8
48% Jan. 2
4494 Jan.
76 Jan. 30
73*6 Jan.
89% Jan. 5
3796 Jan.
i596 Jan16% Jan. 31
84
Jan.
86 Jan. 3
92 Jan.
b 3% Jan.
3

05
241
197
119!4
13 %
122
34

Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
4.:!% Jan.
110
Jan.
2>% Jan.
lOM Jan.
9lk Jan.
5096 Jan.
73k Jan.
iOi Jan.
61% Jan.
95 Jan.
8k Jan.

Jan. 37
Jan. 23
6,147
2% Jan. 2
1
J an.
6
80(
309 325k Jan. 19
26
7,90
494 Jan.
42,036 112% Jan. 11
Jan. ll
111
Jan. 26
13,701 1 1
141 25
Jan. 18
815 1 i Jan. 2
Jan.
2
7d0
76
2
8,08V 20k Jan.
300 52 Jan. 3
40(
40% Jan. 16
2
711
9994 Jan.
9,786 48 Jan.

27
75

5

23

11%
1

43
15
75

Jan.
Jan.
Jan.

1
13.i
1 7

Jan.
Jan.
Jan.

. .

43k

7k

.

43%
8

90k
6%
140

145

Rhode Isl Mln.

(Bost)
"

4

8u8queI&S7..(Phll)
Tamarack Mln. (Bost)

180

Tidewater St... (Phil)
Torrington "A"(Bost)
"
Pref

1596

1696

30
29

80%
29%
3k

Un Cop L & M'g
Un Shoe Mach..

V

3

4k

"
"
"

3k
80k
33k
25

185

31

23%
26"

9
10
100
100
58
Westm rel Coal "
50
Winona Mlning(Bost) 85
3k
"
40
Wolverine Mln.
25
Bondiit— Boston.
Am BeilTel4s..l908 J&J §100% 101%
A T&S F gen g 4b '95 A&O I 99 100
Adjustment g 4s.. 1995 } 82% 83
Boston Term'13ks..l947
"
"

Pref II

B08UnGa8l8t5B.'39J&J I 'so"
1939 J&J I 60
2dM58
Bur& Mo Riv ex'pt Os.J&J IVi'i
Non-exempt 6s. '18 J&J {107%
Plain 48
1910 J4J |ioo
Ch Bur& N 1st 5s.'26 A&O

M

1918

8s

J&D

Ch Bur &Q 48.1922 F&A libo"
lowaDlv 48.1919 A&O §102
Chicago Juno 58.1915 J&J
Ch&NoM gn58.'31M&N « SJ^

W

Chi &
M gen 5s.'21 J&D
Con. of Verm't 5s.'13 J&J
Curr't Rlv Ist 58.'27 A&O

DOR&Wl8t4a.'46 A&O

i

95
99% 100
'.

i
i

91

Domln Coal l8t6g.'13M&S JllO
Fr Elk&M

M 68 g.'06 M&S

V Ist 68 '33 end
1

{114
{136

90
94
118

St 88.'33

Mez Cent

4s g. .1911 J&J
1st con Ino 8s g non-oum
3d oon Ino 38 non-oum..

A&O

Ask.

§
i

••»••

Anacostla

102
90
116
96
60

& Ch

& Pot

Ist 7s. 1907

Ss

104

BaltCPa8l8t5s.l911M&N 1*16*
Bait Fundg 5s.l916 M&N 122
Exchange 3%s.l930J&J 110
Balt&Ohlo48g.l935 A&O
Stat Isl 2d 5 g. 1926 J&J
Balt&Plst68ml 1911A&0 118

Ext & Imp 68.1901M&8
No BaltDlv 58.1942J&D

Conv'rtlble58l906M&N
Cent Ohio 4%8 g.'30 M&S
Central Ry 68... 1912 J&J

Con80l58....1932M&N

106*'

Cha8RyG&B15s'99M&S

CharlC& A ext58. 1 « 1 J &J
Chesap Gas 6s. .1900 J&D
City&Sub lst58.1922J&D
Col&Grnvl8t5-6.1917J&J
Consol Gas 6s. .1910 J&D
1930 J&D
5s
Ga &Alalstpf5sl945A&0
GaCar&NlstSs g.l929J&J
GeorgiaPlst5-68 1922J&J
GaSo&Fla l8t5s.l945J&J

i24*'

111

3d series 6s.. 1916 M&S
4th Ber 3-4-5s.l921M&8
5th series 58.1928

M&S

Ya
76

38
12*

(State) 38 new.'33J&J
Fund debt2-3s. 1991 J&J

ya& Tenn 2d 58.1900 J&J
1900 J&J
88

%

5
3

Jan.
Jan.
Jan.

33

3

147.» Jan. 26 160% Jan. 11
3
18 Jan. 11 V 5 Jan.
Jan.
S
4
Jan.
B 48
46 Feb. 1
40 Jan. 1
Jan. 18
5 e8
61
Jan.
1

e'ved.

Vy Bezt 7s] 910A&O

Asphalt Co 5s

tr ctfs.

.

M&N

Atl City Ist 58 g..'19

186

130

84%
111
• • •

ttl

108"
1*0*354

99
•

•• ••

•

••••

103

Clt's'StRy(Ind)con 58.'33

ColumStRyl8tcon5s.'32
ConTracof NJlst5s..'33 108

& B Bk Ist 78.'05 F&A
Ist

M 5s.'20 M&N

Edison Eleo 5s stk tr ctfs.
Elec& Peop's Tr stk tr ctfs

Blm&Wllm

108%

118

110%
112

-

< •

Hestonv

116
116
102
118
100

M & P con 58.'24

H& B Top con 5s.'25 A 40
Indianapolis

Ry

4b.

108%

.1933

K C Sub B Ist 6s..'20 J&D
Lehigh Nav 4%a..'14 Q-J 112%
RR4sg
1914 Q-F
Gen M 4%s g. .1924 Q-F 108
Leh V C'l lst5sg.'33 J&J 90%
Leh Yal ezt 4s.. 1948 J&D 116
1910 M&S
2d 78

il8k

102%

100

100

ioi"
106% 108
100k
115% ii6%

Consol 68
1923 J&D 117%
Annuity 68
J&D
108
New'k Con Gas 58 '48 J&D

116

NYPhll&Norl8t48 '39J&J
Income 48 ... 1 939 M&N

114%

1*15%

109

109%

103k 104
100k

100

I8O94

10194
10C94

106'

M&N

No Penn

1st 48..'36

Penn gen

6s r...l910

GenM78

1903J&J

"so*

116
111

Pa & N Y Can
Cons 58
Cons 48

78..'06

1939
1939

Penn

J&D 117k
A&O 107
A&O

MAN

Steel l8t58.'17
People's Tr tr certs 4s.'43
PhUa Eleo gold trust ctfs
Trust ceitfs 4s
Ph&Br gen 6g.'20
Gen
4s g.. 1920
Ph & Read 2d 68.'33
Consol
78.. 191 IJ&E

M

Con M 6SK...1911J&D
Ext Imp M4b g.'47 A&O
Con M of '82 4s.'37 J&J
Collattrust 48.1921

Pitts

J&J

C&StL 7s. 1900 F&A

Read Co gen 4s, 1997 JAJ
Rochester Rycon5s.l930
SohHESidelstSs g'35J&D

106
100
65

108

129

120%

•

••

104
10«
131
104*

181»
107%

110%

at Bs '32M&N
Ry & Nav 1st 58

Scran Trac
Seat & S F

93

A&O 180%
A&O 109
A&O

Terminal 58 g.l941 Q-B

70% '76k
96k 98k

187%

110

P Wll & Bait 48.1917 A&O

104

118

Var 1S894

Consol 6so... .1905 Var
Consol 58 r.... 1919 Var

M

112%

114
106
110
87

Newark Pass con 58.1930 116k
103*

M

108
119
119
110
90
116

t*

9994 100
11894 180%

lst6s.'10 J&J
Income 5s... .2862 A&O 10b
Eq 111 Gas-L Istg5s.l938 10694

VlrgMldlst6s.l906M&S 110
2d series 6s..l911M&8 116
106

Alle

East&A

108k 109%
KnoxvTrao lst5s '28 A&O 102 104
l8tgu58'42M&S
116
Lake R El
Maryland Brewing 68 ....
87k 87%
Met8t( Wash) Ist 58'25FA 12494 185k
New Orl Gas Ist 58...Var
Norfolk St 1st 5s '44. J&J 105
NorthCent4ks.l925A&0 110

A&O
6s 1900
J&J
68 gold 1900
J&J
6b 1904
Series A 5s 1926... .J&J
Series B Ss 1926.... J&J
Pitt Un Trac 58.1997 J&J
PotomVal 1st 58.1941 J&J
SecAvTn( Pitts)58'34J &D
Sav Fla & West 68 '34A&0
Scab & Roan 5s.l926 J&J
United By & Eleo Income.
4s

.

10 a
1 40

Bid. Ask
BONDS
Baltimore— Conolu'd.
WestN Coon 88.1914 J&J 115
West VaC&P 1 st6g.' 1 1 J&J 111% 118%
Wll & Weld 5s.. 1935 J&J 115

Del

Bxt&Imp58.r932M&8 116%
Chas City Rylst 58 '23J&J

3
5
3

Jiin.

44 Jan. 26
*.i3%Jan.
8
7
Jan. S 5

Cambrlalron 68.1917 J&J
Ches&DCanlstSs.'iej&J
ChocOk&G gen 5s'19J&J

Atl Coast L ctfs 5s . .J&D
Bait Belt Ist 5S.1990M&N

1st 6s tunnel 1911..J&J
Bal Trac Ist 58.1929M&N

46k

107% Jan.
55% Jan.

Balls Ter Ist 58. 1926 J&D
B Boro Gas 1st Ss.'88M&i^

101

J&J 11694

AtlG-Llghtlst5sl917J&D

3

Bonds— Philadelphia

1920
Income Os
Rutland Ist 68.. '02 M&N §104" 104%
Torrington Ist 58 1918... 1

Atl

294

.

Bid.

West Bnd St 5s. .'02 M&N §10394
1914M&S ftlOk
4ks
1916 M&N ?105k
Deb 4s
Baltimore.
Bonds—

113
78

Rys Co General1I( Phil)

G

1907

6s

79%

.

.

Boston— Concluded.
New Bng Tele 6s.'99 A&O

!•

S5

Jan.
5
Jan.
9
Jan. 19
IM Jan. D
348 Jan. a
5k Jan. 8
137% Jan. 4
118 Jan. lO
3
1394 Jan.
287 Jan. 6
65 Jan.
S
755 Jan. 5
3
Feb.
'*'H
f«k Jan. 83

U

.

5

A&O «184k
Illln Steel conv Ss.'lO j&j {
208
Debenture 5s. 1 9 1 3 A&o i
KCC&8l8t58g.'25 A&O i
16
K C Ft S&G Ist 78.'08 J&D ai8
124% K C F 8&Mcon 68.'28M&N i
138
K C M & B Ist 48..'34 M&S 3
Income Ss
K C& M Ry&B 5s.'29 A&O i
"1*2"
K C St Jo & C B 7s.'07 J&J §116
8% LRook&F8l8t7s.'05J& §104
25
L B&St L 1st 88 g.'26 A&O
3dM 5-6 K.... 1936 A&O
Mar H & Ont 6s...'36 A&O ill8
8

...

....
....

(Bait.) ....100
(Boston).... 100
"
....100
"
....100
"
.... 25
,

N Y&N Bng 1st 7s.'05 J&J {114%
latmort6s.. ..1905 J&J aio%
71k 73
Ik
Ik Ogd & L C con 68.'20 A&O

"
Old Col Mining.
Osceola Mining. "
Palmetto Co.... (Phil)
Parrott Sll&Cop ( Bost)
Penn Elec Veh ( Phil
"
Pref
Pennsyl Salt... "
"
Pennsyl Steel!
....
"
PrefT
100
"
Phil Electric I..
...
Qulncy Mining. (Bost)

Unst'p'd

.

"
....100
(Phlla.) 5 paid

BONDS

Ask.

Bid.

MISCBLL.— Concluded

Bast'n let

S96
.

SI"*

7,184
4l,50n
2,375

.

STOCKS -BONDS

2d

10 paid

.

746

.

48

50

American Bell Telephone... ( Boston 1... .luo
5
American Railways
(Phila. ) 6 paid
118k American Sugar Refining \ { Boston ) .... 1

.

373%

91

1,533

;

WelsbachComl

'

—

....100

(Phlla.1

.

Utah Mining.. (Bost)4-85
Warwick I & S (Phil) 10

•• ••

67

2,600
63

.

Pref

•

6,335
Sit

345
99
242

238% Jan.

.

U 8 PHor8eColT(Phli)

< • • •

2"

153
514

....100

lYIlscellaneous Stocks.
Amer. Agricnl. L hemical.
(Boston) .... 1 00

.

Santa Ysabel
49
76

10

5496
63% 5494 t55% 55k Federal Steel
Lam son Store Service
Lehigh Coal & Navigation. (Phlla.) .... 50
4394 44
380
*4394
14c
Massachusetts Electric Cos. (Boston).... 100
32
22
23
t21k
"
Preferred
.100
26
76k 76% 7«k t76k
National Electric
(Phila. ) 1 8%pald
101
New
Eng.
Cotton
Yam,
pref.(Boston),..,100
101
19
101
101
t
••
New England Telephone....
140 •136 140
....100
"
Old Dominion Copper H
25
1.94^
1794
1794 1794 ti7% 'is
Pa. Mfg. Light & Power!
(Phlla.) ... 50
"
I'si'k loii United Gas Improvement H.
.... 50
1.158
160k 150% 151
21
(Boston).... 25
1,324
31% ilk t20k 21 United States on
43 Welsbach Light T
43
(Phlla.)....
33.
43
43
5
Westingh. Electric & Mfg. (Boston)
50
45
63!
t43
43k 43
K'
"
•61
Preferred
101
62
Bid
an^
asked
pr
Hcston
t
ces
te' egram not rec

.

MAT"

Arottdian

21

43

100
13k
"
100
Pref
"
100
Chlo&WMlch.
Oonn&Paasum " 100 165'
Conn Klvpr.... " 100 371
OonsolTrPlttslKPhll) 50
"
50
Preft...
Flint & Pere M.(Bo8t)100
"
100 "34"
Pref.
Ga South k Fla.(Balt)100
"
91
100
Ist pref
"
66
100
3d pref,
G'nnant'n Pa8s(PhU) 50 148
48
50
Hestonv
60
78%
Pref
50
Hnnt* Broad T "
"
Pref
60
"
100
Inds Street
FtS&M..(BoBt)100 15
"
66
100
Pref
58
Little 8chuylk.(Phll) 60
Maine Central. (Bost) 100 160
69
Mlnehill&SH.(Phll) 60
50
Nesquehon'g V. "
•
60 104%
North Penn.... "
"
60
Phil* Brie
"
50 150
Phil GersQ & N.
"
100 372
XjEltedNJ
"
P.
50
United Tr of
Pref
50
West End pref. (Bosl) 50 112
West Jer & S 8. (Phil) 50 61%
50
West N Y & Pa. "
7%
18
Wlfl Cent, new. (Bost) 100
"
47
Pref
100
WorNash&R. " 100 128
Central Mass...

150%

30k 30k

43^

8,191

50
50
"
.... 50
(Boston).... 50

.

151

75

(Phlla.)..,.
(Bait.) .,,.

Preferred

296

340

340

"

Butte & Boston
Calumet & Hecla
740 740
740 740
Cambria
Steel
31%
X2196
2lk 21k 2lk 21k 22k
21k
55% 56 Consolidated Gas
•56
68
65k 68
65k 66
Dominion Coal
41k 41k 41k 4194 41% 41k t41k
105 105
Brie Telephone
105 105k 104% 105 tt0494 105

53
740

740

77

18

97

76k 76^
2%
296
337

4%

49i

101

135

S38

7

100

(Phila.)....

117k 1209< 117k 12196 117 118% tU8
Preferredlf
114k 114k 114 114k 114% 115 tll4 115
IIH 11« Ilk 11% 1194 12% 12% 12k
1256 1394 \8phaitCoof America
267 268
266 267
367 268
367 368 t»67 368 Boston & Montana
iiejg 118
114)i 114k

•100
185
18

76J<

29*

84% 65% Pennsylvania

9%

9\i

31

78« 76k

"

Lowell
,

64% 65

75k 75k
38% 39
16% 18k
9296

93

93

30
76

2%

len

16

&

22
557

(Boston).... 100
"
....100

Highest.

Lowest.

Railroad Stoeka.

& Albany

99k Boston Elevated
Boston

Week.

Shares

"
....100
197k U97% 199 Boston* Maine
"
....100
1239i 123% 123k tl24% 12494 Chic. Burl. & Qulncy
Chic.
136
Juno.
Un.
"
136 133k 138 ti33k
Stock Yds.
....100
&
Preferred
"
100
130 125
130
tl26k 130
•33
34
Choctaw
Oklahoma
50
Gulf..
(Phiia.*
31
&
34
33k
•
"
44
.... 50
43k Preferred
,
,...,,,
43k 44 tl33
124
Fltchburg, pref
100
(Boston)
1239i 123
133k
2«% Lehigh Valley
(Phtla.) .... 50
25% 26% 26
26k
13
Mexican
Central
tllk
(Boston)
....
100
12
12%
12k
ICO
(Bait.) .... 50
•97% »9k •99 100 Northern Central
52% 53% Northern Pacific
(Phlla.) ....100
?2k •3194 52
"
....100
75H •75% 7596 •75:1, 7594 Preferred
(Boston)..,. 100
203k 303 302 t202 203 Old Colony

969^ 97
969i 969i
8 11-18 9
9
9 3-16
3696 88% ae 15-16 8%
5-ie
14
1496 14k
14H
48i<,
4696
47>6 47k

75H 75^
38H 38%

Boston

t310
t99

240
98

of the

Indicates unlisted.

IT

iFeb. 2.

Feb. 1.

43« 43^ 43^ 44
43k
123^ 12S9i 123
123^ 124
24!^
24M 26% 2596
34H 84^ 24
la
12
11« ll?l
12k
•98
100
100
101
100
•61
61H •50% 51 V6 •5m 5\% •51%
•75
74
•73Ji 74
*^3H 74H 74
•203 805
303 803
202^ 303^ 202
64« 64^ 64M 84|i 84« 649< 64k 65
97

Friday,

Wednesday Thursday,

1

Union Tenu'l IstSs.F&A

"88k

H5k 86

United N J 4s. 1944 M&S
UnTracPltte gen5s*97J &J
.

116%
110

iAnd interest,
t»l-50
Price Includes overdue oonoo

p*ld.
ni.

—

.

February

1. .

.

.
-

THE CHRONICLE.

3, 1900.]

225
Latest Oross Earnings.

Intrjesttujettt

Roads.

Week or Mo

Jan. 1

to

Latest Date.

Current

Previous

Current

Previous

Tear.

Year.

Year.

Year.

AND

The following table shows the gross earnings of every
Steam railroad from which regular weekly or monthly returns can be obtained. The first two columns of figures
give the gross earnings for the latest week or month, and
the last two columns the earnings for the period from January 1 to and including such latest week or month.
The returns of the street railways are brought together separately on a subsequent page.
Latest Oross Earnings.

Jan. 1

to

Latest Date.

.

Roads.

Week or Mo Current
Tear.

Previous

Current

Previous

Year.

Year.

Year.

185,832
118,207
786,027

192,779
105,115
776.091

$
Nov'mber.
41». Ot.Soatb.. 3dwk Jan.
4U. Midland... Nov'mber.
41».N.0.4Tex. Pac. Juno,
N Orl. & N. B latwk Jan

AdlrondaoK

15,399
42.933
86,589

13,689
37,113
61,067

30,000
25,000
30,000
25,000
15.000
12,000
15,000
12,000
Ala. & VlobBb. let wk Jan
11,000
12,000
11,000
12,000
VlokB.Sta.&P. Ist wk Jan
Allegheny Yal. December. 265,457 227,140 3,183,045 2,669,447
98,566
84.069
31.470
36,411
3dwk Jan.
Ann Arbor
120,930
112,800
16,408
18,140
4rk. Midland... Nov'mber.
Atch.T.&S.Fe.. December. 4,103,655 3,886.773 42,954,065 39.875,970
255,395 156,957 1.883,930 1,418.779
Atlanta & Cbar. October
400,040
35.024
325,061
28,476
ttl.Knox.&No. December.
591,676
531,122
66,862
56,125
tlanta&W. P. Nov'mber
117,518
16.420
6,232
At.Vald'8ta&W. Nov'mber.
18.331
13,970
Austin &N' west Nov'mber.
323,236
365,831
49,985
42,627
Atl. & Danville. July
Bait. & Ohio.... December. 2.815,467 2,511.468 30,430,623 28,524,537
370,005
349,470
123,421 116,490
Bal. AO.SoQ'w 3dwk Jan
33,217
35,884
4,978
6,099
Bath&Ham'ndf" Nov'mber.
567.021
607,508
56,728
51,992
ninsw'k&West Nov'mber.
235,321
201,847
84,298
67,282
BTiff.Rooh.<fcPitt 3dwk Jan.
683,629
791,800
71,576
62,780
Buffalo ASasQ.. December.
242,900
237,751
85,314
82,263
Bnr.O.Rap.&N. Sdwk Jan.
504,0U0 448,000 1,497,000 1,306,000
OanartlanPaclflc 3dwk Jan.
342,062
349,729
122,881
120,829
Oent.ofOeorgia 3dwk Jan.
731,908
643,410
62,511
68,496
Central N. E... December.
Oentralof N. J.. Nov'mber; 1,396,723 1,221,991 13,707,905 11,551,422
Central PaolUo Nov'mber. 1.610.289 1,436,043 16,736,356 14,700,937
607,932
609,247
47,228
44,347
Oharlest'n&Bav Nov'mber.
4,995
3,089
1,741
1,081
Otaattan'ga So.. .^dwk Jan.
606,959
728,781
3dwk Jan. 256,622 212,632
Ohes. A Ohio.
GhicBor. &Q.. December. 3.772,933 3,627.202 45,588,908 43,163.944
293,025
349,171
123,095
110,920
Ohlc&East.lll. 3dwk Jan.
293,618
117,425 10^721
338,748
Ohio. Qt. West'B Sdwk Jan.
162,515
214,286
75,367
57,342
Ohio. Ind. &L.. 3dwk Jan.
750,303 661,010 2,155,279 2.026,968
Ohlo.Mll.&St.P Sdwk Jan.
OhlCiSiN'thw'n. December. 3,291,889 3,272,914 41.437,098 37,151,015
856,506
974,525
105,484
79,013
Ohlc.Peo.&St.L. December.
Ohlc.R'hl.&P.. Nov'mber. 2,012,0:^8 1,882,357 20,756,434 19,655,002
Oblo.St.F.M.&0. December.
794,572 947,706 10,488,814 9,590,993
67,567
Ohlo.Ter.Tr.BR 3dwk Jan.
71,139
23,732
22,712
Chlc&W.Mloh. 4 th wkDeo
53,855
50,425 2,251.717 1,964,657
OhocOk.&Gulf. December. *121,952 145,591 *1,854.620 * 1,678,559
38,975
Oin.G.&PortB'th August
44,757
7,473
5,912
212,225
01n.N.O.&T.P. Sdwk Jan.
262,134
90,914
71,106
281,269
01n.PortB.&Vlr. December.
327,653
31,115
23,583
694,555
Ol.Oln.Oh.&St.i. Sdwk Jan.
845,595
298,273 231,518
Peo.&East'n. December. 203,019 182,370 2,082,078 1,910,014
OLLor. AWheel Sdwk Jan.
87,849
42.316
110,073
30.939
Ool. Midland.... December.
199,960 144,157 1,872,011 1,644,995
Colorado &So.. 2dwk Jan.
145,172
170,060
82,830
78,833
Ool. Sand'y dc H. 3dwk Jan.
36,894
56,699
19,239
12,728
Oryetal
221
October...
1,173
810,392
OombTd VaUe^ Nov'mber.
85,137
856,853
75.815
491.100
Deny. A Rio »r Sdwk Jan
527,600
179,200 162,700
Det.a.Rap.&W 4th wkDec
39,297
41,531 1,607,471 1,508,953
484,501
Det.<& Mackinac Nov'mber.
664,422
52,184
36,351
103,074
Dolath S.S.&AtJ Sdwk Jan.
108,149
38,936
36,146
BlglnJol.&East. December
146,895 152,956 1,792,084 1,567,263
Nov'mber 3,386,095 2,948,480 33,614,194 30,067.558
Unreka Springs. Nov'mber.
61,83H
52,742
6,246
5,073
18,726
KTMiB.AInd'plls Sdwk Jan.
17,160
5,539
6,697
69,808
Sransv.&T.H. Sdwk Jan.
73,026
25,004
23.843
Find. Ft.W.&W. December.
89,666
117,459
8,425
7,345
nint&P.Marq. 4th wkDec
93,167
94,272 3,320,611 3,063,209
141,523
Pl».Cent.& Pen. Sdwk Jan.
147,674
49,290
47,253
89,983
Fi.W'th&Den.O Sdwk Jan.
104,180
33,871
31,889
30,291
ftW.&Rlo Gr.i Sdwk Jan.
20,672
8,109
11,030
7.674
12,910
eads. & AU. U. December.
1,251
927
88,050
eeorglaRR..... Sdwk Jan.
90,230
33,117
29,519
20,222
24,647
B^oridadkAla.. Ist wk Jan
24,647
20,222
968,780
Qeo.So. &Fla. December.
104,301
81,311 1.053.133
ailaVal.G.<&N. Nov'mber.
365,598
28,946
©r.Tr'nkSyst'm Sdwk Jan.
442,406 382,668 1,252,482 1,080,09S
Ohlc&Gr.Tr. 4th wkDec 122,108 138,227 3,863,755 3,650,303
31,390
Det.Gr.H.aEM. 2dwk Jan.
34,334
16,829
15,116
Oreat North'nBt. P. M. & M. December. 1,858,440 1,899,672 21,618,756 19,881,345
Eaatof Minn. December. 233,364 244.391 3,194,483 2,655.120
Montana Gent December. 209,429 177,689 2,039,671 2,002,03 J
Tot.8ystem December. 2,301,233 2,321,752 26,852,910 24,538,499
3,243
ePlfB'mnt&K.C Ist wk Jan
5,155
3,243
5.155
eali;& Chicago. September
4,544
5,728
158,546
Gulf & Ship l8l. September
225.606
61 ',785
176,528
Hooking Valley. Sdwk Jan. l65',973
273,932
40,404
HooB.Tan.&Wil. September
42,894
5.581
5,455
Hoii«.&iTex.Oei) December.
378,327 450,167
nilnolB Central. December. 2.674,448 2,560,585 29,959,777 27,636',2T4
400,044
&a.Dec.&We8t. September
441,057
52,345
6.4,748
836,914
0.111. & Iowa. December.
6><.663 1,033,423
94,935
218,352
bUkGtNorth'n. Sdwk Jan.
207,179
75.771
76,435
140,300
Unteroo. (Mex.) Wbjan.lS
145,700
73,800
70.900
113,ii07
fowa Central... Sdwk Jan.
117,327
41.778
40,674
50,2b0
iNnBaUway... December.
63,770
4,566
6,408
34.656
Kanaw'a&MlcD Sdwk Jan.
14.217
43,556
12.656
219,381
K.C.F.Soott&M. Sdwk Jan.
270,611
73,614
92,527
88,319
K:.O.Mein.& Bir. Sdwk Jan.
93,482
3S,208
31,920
. .

. .

Me

$

39,952
26,222
335,156
4,137
4,873
10,552
14,617
96.335
81.636 1,498.659 1,304,218
K. O.Pitts. AG. 4thwkMay
46.638
49.294
489,859
Kan.C.Snb.Belt Nov'mber.
483.156
62.855
52,610
62.855
L.Erie & West.. 1 st wk Jan
52,610
42,058
41,632
480,526
Lehigh A Hud.. December
394,430
Lehigh Val.RR. December. 2,087,394 1,897,462
Leh. V. Coal Co. December. 1,826,067 1,782,591
24.620
26,688
235,284
Lez'gtcn&Eaet. Nov'mber.
232,811
LonglsIandRR. December. 292,051 275,310 4,493,966 4,553,962
Long Is. System. December. 296,438 279,384 4,805,807 4,830,606
5,615
6,538
112,412
Los Ang. Term.. December.
90,831
34,621
27,141
98,101
Lonl8.Ev.&St.L. Sdwk Jan.
76,524
10,771
8,431
10,771
Lou.H.&8t.L.. Ist wk Jan
8,431
548,680 456,190 1,527,160 1,293,565
Loulsv.&Nashv. Sdwk Jan.
7,355
6,370
Macon &Blrm. December.
69,860
60,926
5,516
2,456
83,247
Manlstlque
December.
95,209
996,239
tMexioan Cent. Sdwk Jan. 314,453 301,750
847,275
25,000
253,671
JMex.Cuern <feP. July
Mexican Inter' September 357,011 271,379 3,413,647 2,486!854
140,269 126,911
396,271
tMex. National Sdwk Jan.
384,239
41,249
45,174
643,441
Mex. Northern. October..
493,536
85,900
87,800
162,7C0
tMexioan R'way Wk Jan. 13
1 0,900
14,660
11,880
Mexican So
27,200
2dwk Jan.
24.630
69,967
39,529
Midland Term'i. Nov'mber.
570,355
395,117
40,06f47.929
140.115
MlQneap.& St.L Sdwk Jan.
117.582
80,260
60,646
M.8t.P.&S.8t.M 3dwk Jan.
226,516
1^5,202
Mo. Kan. & Tex. 3dwk Jan. 227,298 241,367
626,465
671,620
Mo.Pac.&IronW Sdwk Jan. 505,000 469.000 1,401,000 1,348,000
19.000
19.00
Central Br'oh Sdwk Jan
55,000
56,000
Total
Sdwk Jan. 524,000 488,000 1,456.000 1.404,COO
Mobile <& Ohio.. December. e548,200 e416,170 65,552,253 8 4,326,821
Mont.&Mex.G'X December. 103,714 109,239 1,216,711 1,386,053
Nash.Ch.&StL. December. 527,166 549,920 6,137,688 5,934,206
NevadaCentral. Nov'mber.
3,663
3.090
23.498
39.462
N.Y.C.&H.R.. December. 4,457,413 3,993,400 50.995,209 46,166.291
N.Y.Ont.&W. Sdwk Jan.
89,774
76,261
236.377
197,156
N. Y.Busq.&W Nov'mber
242.896 231,379 2,362,013 2,106,919
Norfolk & West Sdwk Jan
273,021 218,375
742,802
643.736
Northe8'n(Ga.) September
5.861
6.530
49,792
48,012
North'nOentral December.
664,740 613,640 7,233,448 6.661.048
North'n Faolflo Sfiwk Jan.
434,593 356,552 1,282,511 1,077,136
Ohio River
23,590
19,185
71,332
Sdwk Jan.
55,156
Om.Kan. C.&L. Nov'mber.
32,515
39,398
Omaha & St. L. Nov'mber.
41,209
39,015
Oreg.RR.&Nav. 4th wk Aug 165,460 151,773 4,248,963 4,362,852
Oreg. Sh. Line.. December.
690.124 655,509 8,024,635 7,025,694
Pao. Coast Co.. Nov'mber.
477,020 408.707 4,761,469 4,904.880
PaolfloMall
Nov'mber. 403,840 334,797 3,480.547 4,096,029
Pennsylyanla^. December. 6,617,704 5.737,004 72,922,812 65,603,612
PeorlaDecAEv Sdwk Jan.
16,785
16,199
55,392
45,392
Phlla. & Erie... Nov'mber.
593,379 492.703 4,902,755 4.198,096
Phlla.&Bead... December. 2,365,428 2.006,794 24,749,877 22,095,159
Coal& Ir. Co. December. 2,568,970 2,553.947 27,979,394 21,848,047
Tot. both Co's. December. 4,934,398 4.560,741 52,729,271 43,943,206
Phll.Wilm. &B. December. 927,203
828,703 10,638.449 9,767,649
Pltt8.0.0.&St.L December. 1,674,407 1,529,495 18,064,275 16,234,979
Pltt8.Be8.&L.E Sdwk Jan.
35,491
27,459
67,801
55,863
Pltts.Llsb.A Wr December,
3,718
49,520
4,700
46,282
Pitts. &We8'n.. Sdwk Jan.
27,570
91,375
34,085
82,710
Pltts.Cl.<feToi. Sdwk Jan.
15,652
55,218
19,837
46.956
Pitts. Pa. & F. Sdwk Jan.
5,633
15,084
6,239
16,899
Total system Sdwk Jan
161.677
60,161
48,855
146,565
Rlch.Fr'tsb&P. Nov'mber.
850,404
81,251
75.439
790,877
Rio Grande Jot. Nov'mber,
33.482
407,239
46,482
354,272
RloGrande So'n Sdwk Jan
26,030
8,375
8,630
24,875
Rio Gr'de West. Sdwk Jan,
224,000
54,700
80,000
147,600
Sag. Tuso. & H. December
143,534
11.521
10,684
138,998
8t.Jo8.&Gr.L.. 4th wkJan
33.618
35.140
92,375
104,214
St. L. Chi. & St. P. December.
32,964
365,110
32,083
344,030
8t.L.Ken'et&8o December.
96,542
9,000
8,130
77,166
BtL.&SanFran. Sdwk Jan. 150.834 129,477
411,444
379,302
St.L.Southwest. Sdwk Jan
331,400
115,800 110,100
321,400
StPaolADol.. December. 127,143 138,429 1,915,477 1,690,126
San.Ant.&A.P Nov'mber. 243,989 215,349
SanFran.&N.P December.
67,000
946,241
69,832
876,825
S. FePres.&Ph. Sdwk Jan.
17,133
58,253
19,339
45,125
Sav.Fla.&West. Nov'mber.
370,059 301,488 3,603,764 3,769,137
Sher.Shrev.&Bo. 4th wkDec
20,923
375,004
13,388
381,343
SU.Sprs.O. &G. Nov'mber.
21,431
284,644
19,269
253.696
So. HavenA E.
Nov'mber.
2,851
3.170
41,869
32,714
So. Miss. & Ark. December
12,274
8,382
So. eaoiflcCo.6. December. 5,186,568 4,800,543 60.765,283 54,379,175
Cent Pacitio.. Nov'mber. 1,610,289 1,436,043 16,736,356 14,700,937
Gal.Har.A 8..fl Nov'mber. 597,798 547,857 5,508,413 4,921,992
Louis' a. West Nov'mber.
132441 109.611 1,270.892 1,112,446
Morgan'sL&T Nov'mber. 787,691 637,449 6,327,93;^ 5,740,904
N.Y.T.&Mex Nov'mber.
29,451
267.034
306.711
29,794
Tex. AN. Orl. Nov'mber.
154,136 154.924 1,693,282 1,546.131
So.Pao.ofCal Nov'mber. 1,479,421 1,237.713 14,893,030 13.290,802
Bo.Pao.ofArlz Nov'mber.
340,458 279,653 3.200.844 2,840,402
So.Pac.ofN.M Nov'mber.
178,110 146,681 1.790,894 1,441,340
Sdwk Jan. 625,452 529,088 1,690.005 1,508,033
Southern Ry
StonyCl.&C.Mt Nov'mber
39,956
1,394
1,448
36,672
Texas Central. Sdwk Jan.
9,004
27,677
12,276
25,256
Texas&Paoiflo. Sdwk Jan.
174,998 148,866
470,763
439,651
Tex.8,V.&N.W. December.
12,000
6,779
TOJI.& Ohio Cent. Sdwk Jan.
45,630
30,702
134,542
92,i93
Tol. P. & West. Sdwk Jan.
18,651
17,665
56,076
53,769
ToLSt.L.&K.C Sdwk Jan.
30,443
32,061
97,730
102.568
Union Pao. RR.. December. 1,844,974 1,792,967 21,722,633 19,606,507
Sdwk Jan. 305,642 257,284
874,751
Wabash
749,181
198,274
171,174 3.114,158 2,682,058
W^.Jersey&Sea'e December.
113,142
96,146 1,185,203 1,059.283
vV.V.Cen.&PlttB Nov'mber
tV^estem of Ala Nov'mber.
66,113
65,637
630,766
589,282
West.N.Y.&Pa Sdwk Jan.
67,100
62,000
190,200
177.100
38.454
26,234
106,171
Wheel. & L.Erie Sdwk Jan.
75,514
14,731
12,172
39.536
Clev. C. & So. ;^dwk Jan.
36,516
Sdwk Jan.
38,406
Total
53,185
145,707
112,030
Wisconsin Cent 4th wkJan 132,407
104,362
381.896
358,262
Wrightsv.&Ten. December.
16,156
8,573
152,479
92,751
Yazoo&MissVal December. 556,049 540,579 5,083,061 4,821,307
York southern. Nov'mber.
7,166
6,2 dO
77,220
67.523

Kan. C.N. W... December.
Kan. City &Om Sdwk Jan.

RAILROAD EARNINGS.

S
363,953

,

6

&

Does not include the the Austin & Northwestern, the San Antonio
Aransas Pass or Houston & Texas Central system, e Results on

Montgomery Division are Included in 1899, but not
for December are for the railroad only.

for 1898.

'Figures

Chicago
t Includes Chesapeake & Ohio So' western, Ohio Valley and
and Texas for both years. Results on Yazoo Branch excluded In^
1899 but included in 1898 until July 1.
} Mexican currency.
6 Oor«
ers results of lines directly operated east of Plttabarg.

.
.

.

THE CHRONICLE.

226

Latest Gross Earnings by Weeks.— The latest weekly earnings in the foregoing are separately summed up as follows:
For the third week of January our final statement covers
68 roads, and shows 15-01 per cent increase in the aggregate
over the same week last year.

[Vol.
Gross Earnings. -^
1899.
1898.

.

Roads.
$
$
Norfolk AWest'n.a.. Dec. 1,137,772 1,032,921
Jan. 1 to Deo. 31. ...12,823,027 11,404,474
Julyl to Deo. 31..-. 6,936,395 5.940,508
Northern Central. b. Deo.
664.740
613,640
Jan. 1 to Dec. 31.... 7,233,448 6,664,048

LXX.

Net Earning*.—^
1898.
1899.

$
$
505,384
392,191
4,598,403 3,542,075
2,786,704 2.076,339
179,498
131,198
1,950,537 1,852,837

Pennsylvania-

3d week

of

January.

1900.

Increase.

1899.

S
891,343

$
Previously rep'd (ler'dg)
Burl. Ced. Rap. & North.
Central of Georgia . ...
Chattanooga Southern.
Chesapeake & Ohio
.

Chic. iDd'plls <fe Loulsv..
Chic. Term. Transfer
Clev. Cln. Chic. & St. L..
Duluth 80. Shore & At. .
Pla. Cent. & Peninsular.
Ft. Worth & Denv.
QeoTfciA.
Kan. City Ft. 8. AMem.
,

Kan. C. Mem. &Blrm....
Kansas Cit.v & Omaha .
.

Loulsv. Evans.

<& St.

L..

Northern Pacific
Ohio River
Rio Grande Southern
Santa Fe Pres. & Phoenix.

Texas Central

& West'n..
& Penn

T.>ledo Peoria

West N. Y.

Total (68 roads)

Net increase 15-01

6.884,153
85.314
122,881
1,741
256,622
75,367
23.732
298,273
38.936
49.290
33,871
33,117
92,527
33.208
4,137
34,621

6,022,443
82.263
120.829

434,593
23,590
8.630
19,339
12,276
18,651
67,100
8,651,969

Decrease.

Lines directly operatedEast of Pitts. &£..Deo. 6,617,704 5,737,004 2,087,197 1,702.297
Jan. 1 to Dec. 31. ...72,922,812 65.603.612 22,144,462 20.659,862

29.633

3,051
2,052

660
43,990
18.025
1.020
66,755
2.790
2.037
1.982
3.598
18,913
1,288

1.081

212,632
57.342
22,712
231,518
36,146
47,253
31.889
29.519
73,614
31,920

• •••

736

356,552
19.185

7,480
78,041
4,405

....

8.375

255

17.133
9,004
17,665
62,000

2.206
3,272

7,523.0S9

1,159,249
1,128.880

d.o.i.

>••

-

986

. -

•

.

5,100

30,369

Net Earnings Monthly to Latest Dates —The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the Chronicle of January 27,
1900. The next will appear in the issue of February 17, 1900.
,

Roads.

—

Gross Earnings.
1899.
1898.

$

AlabamaGt. So'tb.a.Dcc.

195,643
Jan. 1 to Dec. 31.... 1,998,665
July 1 to Dec. 31
1,102,166

«

$
170,195
1,756,494
920,021

,

—

Net Earnings.
1899.
1898

$
71,877
615,536
373,928

Pitts.

& E.Dec.

$
71,707
533,656
328,728

Canadian Pacific. a.. Dec, 2,970,219 2,671.117 1,375,982 1,279,111
Jan, 1 to Dec. 31
29,23 J.039 26,138,977 12,230,166 10,475.372
557.597
563,296
177,107
189,964
Cent, of Geor/la.a...Dec.

262,250
Phila.Wllm&Balt.b.Dec.
220,650
927,203
828,703
Jan. 1 to Dec. 31. ...10,638.449 9.767.649 3,503,921 2,783.321
Nov. 1 to Dec. 31.... 1.911,162 1,665,162
649,799
499,399
Pitts. C. C.&8t.L.a. Dec. 1.674,407 1,529,495
498.355
407,295
Jan. 1 to Dec. 31. ...18,064,275 16,236,979 4,975,886 4,644.090
Rio Grande South. b. Deo.
45,832
22,157
46.760
25,566
48;J,014
244,571
Jan. 1 to Dec. 31....
502,225
244,673
138,159
July 1 to Dec. 31.
265,613
276,576
130,823
810 Grande West. b. Dec.
355,350
255,405
144.291
102,695
Jan. 1 to Dec. 31.... 3.887,593 3,288,804 1,574,814 1,248,624
July 1 to Dec. 31..., 2,261,350 1,726,743
955,204
648,854
Rutland RR.—
393,897
.Oct. 1 to Deo. 31....
811,317
326,836
867,586
8t. Louis* San Fr.b.. Dec.
607,695
279,077
676.327
228,968
Jan. 1 to Dec. 31.... 7,636,628 6,983,098 3,137,550 2.780,108
July 1 to Dec. 31..., 4,154,455 3,706,378 1,802,534 1,534.445
127,143
138,429
27,556
8t.Paul&Duluth.a..Dec.
38,380
640.988
Jan. I to Deo. 31.... 1,915,477 1,690.126
493,539
Julyl to Ddc. 31.... 1,115,677 1,OU2,530
421.469
335,061
Southern Pacific, b... Deo. 5,186,568 4,800,543 1,642.612 1,623,798
Jan. I to Deo. 31. ...60.76.=^. 283 54.379.175 2A133,118 19,558,687
July I to Dec. 31... 33,237.820 28.401.375 12,844,606 10,653,344
915,915
859,612
8onthernRailw'y.a.,Dec. 2.749,336 2,507,682
Jan. 1 to Dec. 31. ...28,223,854 25,450,972 8,985,863 7,904,521
July 1 to Dec. 31. ...15,902,124 14,252,114 5,397,601 4,709,757
719,302
DnionPao.Ry.a
Dec. 1,844,974 1,792,967
801.161
Fan. 1 to Deo. 31. ...21.722.633 19,606,507 9,047,112 8,525,206
Julyl to Dec. 31.... 12,515,082 11,219,854 5,555,394 5,088,034
198,274
171,174
9,211 def.2,789
W. Jersey* Seash.b.. Deo.
Jan. 1 to Deo. 31.... 3,114,158 2.682,058
872,216
6c!0,416

a Net earnings here given are

after deducting taxes.
b Net earnings here given are before dedaotlng taxes.

Interest Charges and Surplus,—The following roads, in
addition to their gross and net earnings given in the foregoing, also report charges for interest, &c., with the surplus
above or deficit below those charges.
Int., rentals, etc.

.

1899.

Roads

$
840.000

1,730,303 1,870.136
1.101,777 1,172,106

Chlo. Bnrl.A Qulnoy.Deo.
Julyl to Dec. 3i.... 5,040.000

602,105
402,063
Obesap. & Ohio. a. ...Deo. 1,290,151 1,130,987
Jan. 1 to Dec. 31. ...12,619,435 11,999,490 4,174.515 3,949,914
July 1 to Deo. 31..., 6,868,297 6,258,700 2,418,741 2,176,681

248.118
(lev.Cln.Ch.& St. L.Dec
Julyl to Dec. 31.... 1,437,846
Peoria & Eastern. Dec.
38,125
July 1 to Deo. 31....
223.750
Clev.Lorain&Wheel.Dec.
23,827
141,901
Julyl to Dec. 31...
Del. Lack. & West.—

Jan. 1 to Dec. 31.... 5.781,048
July 1 to Dec. 31.... 3,167,407

5,617.756
3,153,703

Ohio. Burl. AQuln.b. Dec. 3,772,933 3,627.202 1,538,296 1,555,988
Jan. 1 to Deo. 31... .4^1,588,908 43,163,944 17,557,470 16,705,727
July 1 to Dec. 31... .25,511,078 23,312,194 10,577,378 9,863,702

M.&8t. P.a...Dec. 3,595.398 3,504,277 1,422,470 1,591,306
Jan. 1 to Dec. 31.... 40,566,628 36,089,727 14,008,606 13,962,250
July 1 to Deo. 31.. ..22,586,348 20,330,348 8,168,052 8,607,241

Ohio.

539.712
01ev.Cln.C.&St.L.a.Dec. 1,505,829 1,352,402
394.253
Jan. 1 to Dec. 31.... 15,612,823 14,68^,502 4.619,741 3,918,505
July 1 to Deo. 31.... 8,676,710 7,783,249 2,810,096 2,264,164

203.019
182,370
Peoria AEast'n. a.. Dec.
Jan. 1 to Deo. 31.... 2,082.078 1,910.014
979,206
July 1 to Dec. 31.... 1,158,067
163.280
Clev.Lor.&Wheel.a.Dec.
July 1 to Deo. 31.... 1,003,111
Colorado Fuel&Iron.Dec
July 1 to Deo. 31
377,791
Colorado & So... b.. Deo.

131,443
791,159

Jan. 1 to Dec. 31.... 4,041,434
July 1 to Deo. 31.... 2,236.928
Del. Lack. & Western—
N. Y. Lack & West b—
Oct. 1 to Dec. 31.... 2,356,425 2,594,431
Jan. 1 to Dec. 31... 8,018.327 8.481,990

80,772
597,163
371,283

43,881
441,362
227,959

31,404
265,280
221,718

40.887
230,090
107,209
463,315

1,025,100
100,897
1,208,149

707.431
1,433,223
4,490,465

1,490,649
4,270,112

233,426
242,240
124,586
932,212
866,779
516,133
880,734
814,30(>
319,111
Jan. 1 to Dec. 31
9,714,721 8,740,338 3,571,111
July 1 to Deo. 31.... 5,317,355 4,872,880 2,055,224
Erie & Central N. Y.—
7,657
5,493
Oct. I to Dec. 31....
2,893
30,908
31,250
Evans. & Indlanap..Dec.
12,818
July 1 to Ddo. 31....
198,255
181,123
83,110
Dec.
120,046
109,241
Evans. & T. H
57,009
July 1 to Dec. 31....
755,664
658,290
343.829
Houst. & Tex. Cent.. Deo.
378,327
450,167
137,393
July 1 to Dec. 31.... 2,293,275 2,369,247
856,623
Indiana 111. & la.b... Dec.
94,935
68,663
33,512
Jan. 1 to Dec. 31... 1,033,423
836,944
357,992
July 1 to Dec. 31 ...
532,391
392,461
158,393
Lehigh VaUey RR a.Dec. 2,087,394 1,897,462
407,958
Lehigh V. Coal Co.a.Dec. 1,826,067 1.782,591
16.209
Loulsv. &Na8hv.b.. Deo. 2,365.997 2,048,538
825,177
Jan. 1 to Dec. 31. ...26,001. 104 22,>-08,635 8,7rtl,119
July 1 to Dec. 31. ...14,127,419 11,885,798 4.923.289
222,744
Minn. & St. Louls.a..Dec.
216,819
89.629
Jan. 1 to Deo. 31.... 2,806,522 2.243,837 1.101.372
Dec.
31....
July 1 to
1,547,410 1,240,891
670,999
627.166
549,720
Nash. Ch.<fe8t. L.b. Deo.
188.C01
Jan. 1 to Dec. 31.... 6,137,6h8 5,934,206 1,928,504

118,686
375,750
323,629
3,582,696
2,044,012

Syr. Blng. & N. Y.b—
Oct. 1 to Dec. 31....
Jan.! to Dec. 31...,
Den. & R. Grande. b. Dec.
,

Julyl to Deo. 31.... 3,254,408 3,198,487
411,910
336,805
N. Y.Ont. & West.a.Dec.
Jan. 1 to Dec. 31.... 4,878,932 3,877,699
July I to Deo. 31.... 2,673,414 2,145,645

849

14,906
71,797
54,464
310,373
222,809
1,187,223
27,726
317,964
140,611
350,690
def.82,305
793,502
7,434,601
4.170,067
88.235
902.798
546,927
178,760
2,121,509
1,144,632 1,198.189
150,073
110,687
1,622.328 1,078,67^
913,435
667,16°

Inc.
230,600
Inc. 1,572,000

Ino. 570,500
Ino. 5,696,800

Jan. 1 to Dec. 31

-••

4,873
27.141

West of

N. Y. Lack & West—
Ocr. ItoDeo. 31....
Syr. Bing. &N. Y.Oot. l to Deo. 31...,

1»98
$
842,958
5.057,747
242,739
1,452,864
36,802

220,810
24,300
148,831

599,335

610,079

48,912

52,263

192,405
198,573
Denver & Rio 6r'de..D<3C.
Julyl to Dec. 31.... 1,203,212 1,202,581

&Iowa
Dec.
18,646
14,576
Nashv. Chat. &8t.L.. Dec.
138,620
131,965
July 1 to Dec. 31....
816,701
786,773
186,143
Norfolk & Western.. Dec.
190,488
July 1 to Dec. 31.... 1,143,248 1,117,274
524,833
599,889
Pitts. C.C.<fe8t. L... Dec.
Jan. 1 to Dec. 31
3,667,419 3,588,463
17,783
17,923
Bio Grande South... Deo.
luly l to Dec. 31....
107,683
107,510
* After allowing for other income received.
Ind. lU.

>

r-Bal. of {fttEam's.^

1899.

it>98.

$
698,296

$
713,030

5.537.378
291.594
1,372,250
42,647
142,533
7,577
123,379

4,805,955
151.514

833,388

880,570

811,300
7,079
7,149
16,587
81,259

*73,337
675,644
•128,090
'138,429
*897,048
*891,397
14,866
13.150
49,381
46,795
327,931
411,416
314,896
206,048
1.643,456
959,065
df.101,534 df.117,538
1,308,467 1,055,627
4,374
7,643
30.476
23.283

—We

give below the gross and net
Northern Pacifle.
earnings, fixed charges, etc., of the Northern Pacific for
December and the six months to December 31.
July 1 to
July 1 to
Dec, '99. Dec, '98. Dee. 31,'99. Dec.31,'98.
$
$
$
$
2,009,576 16,599,164 14,787,043
891,919 7,23o,473 6.216.472

Gross earnings.
Operating expenses

2,200,817
1,018,020

Netearnings

1,182.797

1,117,657

174,220

303,050

9,363.691
1,592,461

8,570,571
1,469,861

Net operating income. 1,008,577

814,607

7,771,230

7,100,710

148,789

238,242
III

241,780
_^^^^_—._

Taxe8,rental8,bet'm't8,&o.

Mlscella.Deous Income, not
including land sales
103,747

Net

i/tiC07ti&~^

Main system
Proprietary lines
Total

^^^•'^m^~~^^^

_»__^.K.

1,112,324
19,351

963.396
23,OoO

8,069,472
167,845

7,342,490
261.690

1.131,675

986,396

8,237.317

7.604,180

STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the grois earnings for the latest
period of all street railways from which we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads that is, the

—

two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including such
latest week or month.

first

—

..

...
.

February

.

THE CHRONICLE

3, 1900.]

STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross Earnings.

GBOSB
Earnings.

Amsterdam

Ry

Week or Mo

Vur'nt Prev'us
Year.
Year.

Jan.

1 to

Latest Dale.

Our rent
Year.

Previous
Year.

. .

.

.

.

Detroit Ft. Wayne
Belle Isle
Total of all

&

3dwk Jan.
3dwk Jan

4,755
40,204

14,203
9.407

15077
31,477
912,149
7,151

587,020
13,156
61,021
3,346
163,147

4,440

."^3,848

16,360
49.589
9.916
48,625
166,487 161,706
14,838
28,129 365,153 352,816
820,2.") 7 9,678,680 8,995,545
2,799
531.658 587,020 531,65«
152,588
120,285
9.112
54.144 713,386 681,673
28,697
23,508
1.899
153,902 tl493 264 1,723,759
112,732
98,3^7
8,267
7,448
575,696 568,365
61,778

9,193
10,681
74.980
79,874
18,701 '17,769
109,797 100,000
26,738 22,061
7,993
10,865

79,890
31,746

66,797
23,864

3,454
33,508
16,860

12,476
124,112
235,266

10,266
100,927
209,088

12,418
25,836

286,686

Herkimer Mohawk II
lon&F'kfortELRy. December
Houston Elec. St. Ry. December.

4,773
23,177

3,448
21,155

46,212
217.989

ag. Falls

Bridge
Nov'mber.
Lewlst'nConn.Bdg. Nov'mber.

1,946

December.

Kingston City By
December.
Knoxville Traction.. August
Lebanon Val. St. By.. December.
Lehigh Traction
December.
Lima Railway (Ohio) December.
Lorain St. Railway.. October
Lorain & Cleve
December.
Los Angeles Railway Nov'mber.
Los Angeles Tract
December.
Macon Consol. St.Ry. Nov'mber.
Mass. Eleo. Co.'s
December.
Metrop.St.Ry.<N.Y.) January
Montreal Street Ry December.
Muscatine St. Ry
December.
. .

.

.

Newburg St. Ry
December.
New London St. Ry.. Nov'mber.
Orleans City

Newport News

& Old

278.846
40,682
202,622

Net earnings
Other income

$1,201,477
11,351

$1,035,270
5,956

$1,084,592
7,299

$1,212,828
885,241
(5)250,000

$1,041,226
982,765

$1,091,891
984,236
(2)100,000

77,586

58,461

7,65&

Total

Fixed charges
Dividend on Ist preferred
Surplus.

* Operating expenses in 1899 include $55,000 for new locomotives,
$190,000 for renewal of bridges and $75,000 for rolling stock.— V. 69,

p.

1012.

Cleveland Lorain & Wheeling Railway.
(Report for year ending June 30, 1899,

115

December.

14,183
13,070
4,812
17,243
5,022
9,569
4,269
9,196
6,348
65,673
16,041
5,588
347,330
1162352
137,681
6,689
6,449
3,308
115 399

12,146 158,852 139,701
9,892
66,616
66,554
4,863
16,956
4i',33"l
50.523
3,897
97,023
106,515
8,869
42,200
48.052
3,882
51,791
81,338
6,248
73,037
92,629
5,910
63,753
111,963
12,322 163,192
6,433
302.164
1044B49 1,162,352 1,044,549
127,768 1,676 274 1,506,217
57,289
61,994
5,284
85,594
89,029
5,878
52,688
52,706
3,159
112,433 1,352,829 1,310,042

Pt. Ry. &Eleo
September 20,450
North Chicago St. Ry. December. 261,692 246.692 3.042,501 2,921,425
Northern Ohio Tract. December. 32.959 30,242
Norwalk Tramway December.
3,657
3,960
19,762
Ogdensburg St. Ry.. December.
22,134
1,409
1,268
Richmond Traction.. December. 15,273 12,675
63,597
Schuylkill Val. Trac. December.
70,170
4,857
5,559
Scranton Railway .. December. 40,775 37.303 416,607 383,728
1,170,380
S. SideElev. (Chic.).. December. 117,621
Staten island Elec .. December. 13,035 12,598
203 941 2'6'l',720
Syracuse Rap.Tr Ry. December. 53,266 44,295 509,358 458,643
.

Toledo Traction
October... 89,421 80,774
Toronto Ry
December. 119,363 108,720
Twin City Rap. Tran Nov'mber. 210,977 177,622
Union (N. Bedford).. Nov'mber. 17,166 14,30b
United P. & Transp.. December. Inc. 22, 678
United Traction— )
Albany Rwy. S December. 61,232 56,416
United Tract. (Pitts.) December. 151,608 132,631
United Tract. (Pro v.) August
198,160 177,064
Unit. Trac. (Reading) December. 17.645 14,402
West Chicago St. Ry. December. 369,812 339,812

2,286.166 1,960,929

704,786

641,000

1,688,730 1,548,446
l,316,534il,163,400
191,500
217.677
4.264,13313,978,460

1 These figures include results on Brooklyn Heights, Brooklyn Elevated and Nassau RR. for all periods, but the Kings County Elevated
is included only for October and November.
t Strike during June. July, August and September, 1899.

Street Railway Net Earaings.— The following table gives
the returns of Street railway gross and net earnings received
this week. In reporting these net earnings for the street
railways, we adopt the same plan as that for the steam
roads that is, we print each week all the returns received
that weeis; but once a month (on the third or the fourth

—

we bring

together all the roads furnishing returns, and the latest statement of this kind will be found
in the Chronicle of January 27, 1900. The next will appear in the issue of February 17, 1900.

Saturday),

>

—

Oross Earnings.1899.
1898.

-Net Earnings.
1898.
1899.

Jtoads.

Auburn City Ry.—
Oct. 1 to Deo. 31...

15,493
109,797
Mar. 3 to Deo. 31... 1,050,133
Los Angeles Tract... Dec,
16,041
Jan. 1 to Dec. 31
163,192
Norwalk Tramway .Dec.
3.
3,960

Denver City Tr'mw..Deo,

.

.

.

.

1897.

President M. D, Woodford says
The earnings, both gross and net, are the largest in the history of the company. The physical condition of the property
has been materially improved. Ten miles of new steel rails,
of heavy pattern, have been laid; 99,000 ties placed in main
and side tracks, and large amount of ballasting done. Several bridges have been entirely rebuilt, thirteen miles of new
fence built and twenty- one miles repaired. One hundred
The car
thirty-ton coal cars were added to the equipment.
^hops at Lorain have been entirely rebuilt.
Troj^c—The following tables, compiled for the Chronicle,,
contain important statistics for the years ending June 30:
:

Johnstown Pass. Ry. Nov'mber.

New

Chicago & St. Lonis Railroad.
the year ending Dec. 31, 189,9.)
Statement
for
C
compared
with 1898 and 1897, are as folResults for 1899,
lows, the dividend shown for 1899 being that declared this
week, payable March 1:
$5,815,217
4,730,625

Interstate Consol. of

North Attleboro

16,640
84,772

17,379
98,347

Annual Reports.— The index to recent annual reports is
omitted this week, but reports published during the last half
of 1899 can be found by reference to the general index in
Chronicle of Dec. 30, 1899, where all references to annual
reports are designated by heavy type.

267

757

& Susp'n

20.748
207,040

1898.
$6,391,120
5,256,150

5,637

Nov'mber.

River
Nia. Falls

30,091
274,737

1898.

1899.

ANNUAL REPORTS.

&

Park

1898.

1899.
$6,918,918
'5,717,442

3,644
10,437
7,928

Niag. Falls Whirlf>ool&North'n... Nov'mber.

1899.

Gross earnings
Operating expenses

Internat'l TractionBuffalo Ry
Nov'mber. 113,047
Croestown St. (Ry.
of Buffalo
Nov'mber. 43,664
Buffalo Traction... Nov'mber.
6,931

ANlag. Falls. Nov'mber.
&Lockport.. Nov'mber.
Niag. Falls & Sua
pens'n B'dge Ry. Nov'mber.

Roads.
Denver City Tramw. Deo.
Mar. 3 to Dec. 31 ...

New York

December.
Duluth St. By
Easton CoDsol. Eleo. December,
Erie Electric Motor.. December.
HarrisbuTg Traction. Nov'mber.

Buff.
Buff.

Interest Charges and Surplus.— The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &c., with the

49,303

491,563

4,220
41,823
21,369
24,367
14,384
24,723

Bufl'.Bl've&Lan'r. Nov'mber.

227

surplus or deficit above or below those charges.
-Int., rentals, <ac.—^ ^Bal. of Ifet Eami.-,

$

Wov'mber.
Atlanta Ry. & Power. December.
AnguBta (Ga.) Ry. &
Nov'mber.
Elec
July
Bay Cities Conaol
BlDKhamton St. Ry.. December,
Bridgeport Traction December.
Br'klynRap.Tr. Co.t. Nov'mber.
Chicago «fe Mil. Eleo.. December.
Chicago Union Tract. January ..
Cln.& Miami Val.... December.
December.
Oln. Newp. & Cov..
City Elec. (Rome.Qa.) December.
Cleveland Electric. December,
Nov'mber.
Cleve. Palnsv. & E.
Col. Sp'gs Rap.Trans. Nov'mber,
Columbus St. Ry.(0.) September
Columbus (O.) Ry.... December.
Dart.& W'port St. Ry. December,
Denver City Tram.. December
Detroit Clti'nB'8t.Ry. 3dwk Jan.
Detroit Elec. Ry
3dwk Jan.
St.

J

.

.

14,099

903

100,«jOO

47,470
373,084
5,212
37,895

978,257
12,322
111,963
3,657

1,001

OPEEATIONS.
1896-7.
1895-6.
1897-8.
1898-9.
2,044,546
2,780,385
2,884,487
Revenue tons car'd.
3,109,108
Tons (rev.) 1 mile.. 289,'362,818 255;086.626 187,161,464 275,841,909
0-534 cts.
0-495 cts.
0-479 cts. 0-5075 Cts.
Ton rate per mile.
.

Passengers carried.
Pass, carried 1 mile.
Pass, rate per mile..

348,495
340,277
8,770,493
8,820,543
1-89
1-89
1-79 Cts.
cts.
cts.
FISCAL RESULTS.
1896-7.
1898-9.
1897-8.

430.056
10,862,386

Earnings—
Freight

1,384,743
194,231
18,639
10,857
13,512

Passenger
Mail
Express
Miscellaneous

$
998,906
165,831
18,592

$

$

377,886
9,527,403
1-93 cts

1895-6.

$

1,365.049
183,483
16,010
9,991
11,119
11,830
11,256

1,294,673
166,781
18,607
10,550
10,820

Total
1,621,982 1,501,431 1,205,150 1,586,917
Etpenses
Maint. of way & struct's..
241,883
179,365
162,079
206,141
120,055
191,325
Maint. of mot.pow.& cars.
176,962
215,276
488,535
Conducting transportat'n. 615,835
585,087
629,264
59,3 -e
General expenses
54,865
59,480
58,332
47,240
50,312
Taxes
48,350
37,731

—

Tot. op. exp.

& taxes..

Net earnings

484,087
7,000

From other sources
Total

Deduct—
Interest on mort. bonds.
Interest on unfunded debt.
. .

Interest on car trusts

1,137,895

880,285 1,146,745
324,865
440,172
4,925
2,580

1,062,507
438,924
3,744

491,087

442,668

329,790

442,752

277,000
8.696
10,875

284,000

284,000

13,874

16,875
50,000

264,000
17,045
16,228
100,000

296,571

297,874

350,875

397,274

Dividends
Total

Balance

8r.l94,516 sr.144,794 def,21.085 sr.45,47&

GENEBAL BALANCE SHEET JUNE
1899.

43,036
11,194

$
18,836,882
800,000
29,706
37,616

234,080
28,970
61,b66

207,244
23,687
3,877

RB. & equipment.18,887,648
Perman't Inv'sts.. 300,0n0
Mater.

& supplies.

Bills receivable.

.

Agents, comp's

it,

ln(llvidual8

Mis. cash assets...

Cash

30.

1898.

Total assets.., .19,667,492 19,439.011
-V. 69, p. 1247.

1899.

Liabilities—
Common stock...

$
8,000,000
Preferred stock.. 6,000,000
Funded debt
5,400.000
Car trusts
250,100
Bills payable
100,785
Current accounts.
163,814
Income account...
652.703
Total....

.19,567.492

1898.

f
8,000.000
5,000,000
6,400,000

326,724
88,800
166,210
468,277
19.439.011

>

South Side Elerated RR. of Chicago.
CReport for the year ending Dec, 31, 1899. J
def. 564
President Carter at the annual meeting said:
37,388
Traffic— In 1898 there was a gain in traffic of 42fper cent overl897;
291,812
2,737 in 1899 there was a gain of 19-7 per cent over 1898. The constant
26,651 growth of trafHo has already surpassed the equipment planned when
469 your company entered into possession of its property. The trafflo

J

.

.

THE CHRONICLE.

228

the -winter quarter of 1896-1897 -was, on the average, about 36,000
per day. It is no^w nearly double that tigure. The most urgent need
of the ne^w year is additional rars, and the directors ha^ve already
taken steps towards a liberal addition to this part of the equipment.
Improvements, Maintenance, Etc.— To carry the heavy traffic two
engines have been inst ailed during the year for operating two 1 ,5u0 kilowatt generators, one of which Is how in operation. Four new boilers
hare been built. The necessary changes will be completed within
two months, adding 50 per cent to your steam power, and 100 per
cent more to your engine power. The road has been fuily equipped
with mechanical signals with electrical release, which are doing good
service. The net earnings for the year 1899 have supplied all the
money necessary for these and other improvements, without increase
of the bonded debt, or any borrowing ot money.
The annual report shows a very large increase in the net earnings,
larger in fact than in the gross earnings. This result has not been
obtained at the expense of the condition of the property. The first
consideration has been to maintain the property in the best condition of efficiency, and to improve the service, charging to operation
everything which should be charged to that account.

Tbe earnings, expenses,

charges, etc.. are given below:
1898.

1899.

1896.

1897.
mos.)

f 11

Passenger earnings
Other sources...Total gross
Operating expenses—

$1,131,404
38,976

$944,927
33,403

$611,875
25,470

$S72,086
32,535

$1,170,380

$978,330 $637,345

$704,640

Maintenance of way

$50,754
79,489
297,490
88,471
153,727

Maint. of rolling Slock

Conducting traneportat'n.
Gen. expenses and taxes.
Loop rental and expenses.
Total
P.

ct.

$669,931

of op. exp. to earns.

Balance, surplus

The balance

6,24t
5,023
161,626

Cash on hand...
Total

— V. 68, p. 674.

69,255
17,407
4.896
3,412
6,360
202,366

»,o.5t5

Current assets...

$207,535
101,626

111,669,945 $11,547,663

Hahilities—

number

of passengers carried in October, 1899, was 94,430; in
The company's
88,820; in December, 90,683.
capitalization is: Common stock, $7,500,000; preferred 5 per
cent stock $9,000,000, of which $291,933 in the treasury; first
mortgage 4s, $10,000,000, of which $542,800 in the treasury.

November,

V,

69, p. 554.

American District Telegraph Company of New York.
(Report for the year ending Dee. 31, 1899.
The earnings, etc., have been compiled as follows:
EAKNINGS. EXPENSES AND CHAEGE8.

Net earnings
Dividends
Balance

Total surp. Dec. 31
Miles wire

1898.

1899.

2s,vit'8

499,340

3^5,848

.$11,609,945 $11,547,663

a satisfactory increase over the business of the preceding
year. The weather on the whole was favorable and general
conditions were good and contributed much to the large
riding that took place during the summer months. The constant efforts of our operating department to improve the service have shown the best results.
Additions,
have increased the mileage of our leased
lines by building over 26 miles of track, andhave purchased
or built 50 box and 100 open cars to operate thereon, and to
increase the accommodations upon the old lines of travel.
This has necessitated enlargements of our car houses for storage of cars, and the purchase of general surface railway
equipment, all of which has been obtained and charged to
the West End Street Railway Co., under the provisions of
our lease with that company. The most important addition
in this particular is the new engine and generator at the
Central Power Station, which, although not yet at the time
of writing completed, is well under way.
Work on the Elevated Structure. The work, as a whole,

— We

—

progressing fairly satisfactorily, and our engineering department estimates that the elevated road will be in opera-

is

tion late in the year 1900. In the earlier contracts for the
steel work the prices were about one-half the present market
price. The later contracts were made at three-fifths of the
present market price. On Oct. 1, 1899, two-fifths of a mile
of the steel structure was in place, and the work of erection
was proceeding rapidly. The unusual demand for structural
steel work all over the country has prevented as good progress
as was expected. Contracts have been placed as follows:
BThe first contracts for the erection of the elevated structure were
made with the Carnegie Steel Co. and the final contracts with the
Pencoyd Iron Works. The contracts for steel rails and for the terminal station at Dudley St. were made with the Pennsylvania Steel Co.
In Dec, 1898. the rails being purchased at about two-thirds of the
present market price. The engines for the power-station have been
contracted for with the Providence Engineering Works, the boilers
with the Babcock & Wilcox Company, and the generators with the
Westlnghouse Electric & Manufacturing (Jo. and the (Jeneral Electric

—These were in V. 69,

p.

1H6,

69, p. 1300.

Metropolitan West Side Elevated Railway.
(Report for the five months ending Nov. 30, 1899.)
At the annual meeting on Jan. 4 President MacAllister
presented the following statement:
JULY 1, 1899, TO NOV. 30, 1899.
OroBB earnings
Operating expenses (43*27

p. o. of gross earnings)

NetearnlDga
BunCE

Add interest and

credits

Total

Deduct— Bond

interest

Taxes
"

Rentals, etc

Balance, surplus

def.$l,695 8ur.$18,741
54,712
35,971

$9,452
53,019

$80,154

$62,471

$53,019

$54,712

1,510

1,475

1,448

1,435

85
27,986

85

83
29,553

Instruments
Messenger calls
4,965,229
Telegrams delivered. .5,033,523

28,973
4,650.4 00

4,728,430
7,278,838

Circulars delivered.. ..7,904,129
p. 426.

—V. 68,

69

2,521.935
4,507,537
8,262,219

30,151
2,426.792
4,457,005
17,319,020

fBalince Sheet of Dec. 31, 1899.
results for the year 1699, as based on the following

The

—

Sheet.

1896.

$545,840
488.658

$17,683
62,471

balance sheet, are as below:
Profits for calendar year from the various
plants and other interests, including dividends and miscellaneous income
Deduct for depreciation
$1,000 000
Deduct for possible bad debts
ttOO.OOO

$624,15S
270,718

$13,362,530
1,200,000

Balance for dividends
Full dividend (7 p. c.) on $40,000,000 pref
stock
Dividend of 7 p. c. declared this week on $50,-

Boston Eleyated Railway.
000,000 common stock, payable 1% p.
(Report for the year Ending Sept 30, 1899.
quarterly during 1900
William A. Gaston, as Chairman of board of directors, says:
Balance surplus (11 72 p. c. on common)
Business. Onr business has been excellent, and has shown

Earnings and Balance

1897.

$54«,lb8
472,941

$75,187
$57,182
$86,336
$104,180
(2i4%)86,497 (2%)76,884 (2%)76,882 (1%)38,441

Previous surplus

$105,109

Tax reserve
Total

1898
$586,021
499,685

1899
Gross receipts
$629,752
Operating expB.,&C-.. 525,572

American Steel & Wire Company of New Jersey.

Capital stock... .$10,323,000 $10,323,8U0
Funded debt...
760,000
750,000
39,5S8
Depreciation...
35,943
51,087
Curr't liabilities
80.86i

Reserve

LXX.

The gross earnings as above compared with the corresponding period in 1898 show an increase of 23'68 per cent.
The average daily passenger traffic for the six months ending Dec. 81 was 80,930 in 1899, against 66,134 in 1898. The

22,500

sheets Dec, 31 showed:
92,330
16,790

.

.

A ccounts receiv.
Due from agents

(70-5)

(76-5)

—

J

[Vol,

Jffioes

$160,026 $273,444 $121,943

3899.
1898.
AssetsCost of prop'rty.$ll,8«8,975 $11,243,886

Cap. stk. owned.
Materials, etc.

$31,442
36,026
337,200
92,438

$22,736
40,627
348,659
103,380

$295,914 $121,943

33,750
306,672

Dividends

.

(69-8)

$500,449

Bond interest

$31,610
54,156
373,851
89,450
133,319

$682,386 $515,402 $497,105

(57-2)

Net earnings
Special expenses

1147.- V.

j

.

12,162,530
2,800,000

o.

3,500,000

$5,862,530
until the 14th of January, 1899, but as the properties were taken over as going concerns as of 1st of January, 1^99, the profits for the entire calendar year are included in the following balance sheet as of
Dec. 31, 1899

The company was not incorporated

:

ASSETS.

Real estate, buildings, plant and machinery
Investments and advances to subsidiary companies
Bills and accounts receivable
Inventories

Cash

$79,629,513
4,064,475
8,247,220
10,995,446
3,225,294

$106,161,948
LIABILITIES.

$40,000,000
50,000.000

Capital stock: Preferred,

Common..

do

Accounts payable,

$90,000,000
4,699,418

etc. (since paid)...

Reserves: Depreciation
Bad debts, discounts, etc.
do

$1,000,000
200,000
1,200,000

Profit and los."! account:
Profit for the calendar year 1899,

Deduct: Depreciation
Reserve for possible bad debts,
do

200,000

discounts, etc

Net

profit

Deduct: Dividends (5^4 p-

$13,362,530
$1,000,000

o.

on

pref.)...

$12.1^2,530
2,100,000
10,062,530

$106,161,948

The accounts are certified to by a firm of public chartered
accountants. V. 69, p. 1249,

—

General Cliemical Company.
(Statement for ten months ending Dec. 31, 1899J.
The company's first report, covering the ten months ending
Dec. 31, 1899, shows:
$959,696
Net profits after charging oflf all doubtful accounts
$84,923
Deduct extraordinary expenses for organization
Dividends paid and accrued on the 6 per cent preferred stock
($8,088,700 outstanding Dec. 31,1899)

396,063

Transferred to surplus account
$478,710
Dividend of 4 per cent on the common stock (^6,760.200 outstanding Dec. 31, 1899), payable quarterly during 1900,
270,408
from earning.s of 1899, say

Balance

(if

amount of common stock remains unchanged), $208,302
sheet will be given next week. V, 68, p. 1225.

—

The balance

Republic Iron

&

Steel

Company.

Statement J
An official pamphlet contains the following facts:
$353,440
2,385
Raw Material,— Our ore mines, consisting of the Franklin group
on the Mesaba Ranire and the Lillle and Cambria on the Marquette
$3.55,825 Range, together with our Interest In the Mahoning Ore & Steel Co.,
$157,620 will produce more than enough annually for the Ohio and Pennsyl25,105
74,022

$99,078

(Official

vania blast furnaces of the company. This ore Is brought from
Dulutb, Marquette aod Esoanaba to the docks at the Lake Erie ports
by water, thence by short rail haul to the furnaces, where it is met by
the limestone, which is quarried near by, and the coke, which la pro-

.

February

3,

-

THE CHRONICLE

1900.]

duced at the ovens in the Connellsviile District of Pennsylvania. We
have recently acquired a line body of coking coallaiid in the Connellsviile District, which will enable us to produce, at our own ovens, all
the coke needed. Our Ohio and Pennsylvania blast furnaces produce
more than enough pig iron to run our new steel works at Youngstown
at the fullest possible capacity. The iron, limestone and coke are in
BufHoient quantities to continue the present rate of consumption for
many years to come.
This company has also in possession at its Pioneer properties, Birmingham, Ala.. 26,000 acres, of which 14,000 acres are underlaid with
the best quality of coal, suitable for making coke and also for steam;
about 10,000 acres are ore lands, both the brown and the red ores
being comprised in this tract. The balance of the acreage is made up
of limestone quarries, town site, blast furnaces and adjacent property.
Furnaces, Etc.— >'ian^— The company has 6 blast furnaces already
In operation and one now building, iwo open-hearth steel plants now
In operation and a Bessemer steel plant now building, as well as 30
rolling mills, which produce all of the varied product in merchant bar
iron and steel, also a considerable quantity of sheets, plates, spikes,
bolts, nuts, axles, turnbuckles and other articles. The chief plants are:
Blast Furnaces 2 in Penusylvaaia, 2 in Ohio, a in Alabama (one

229

Year's profit

Total available

1896-7.

£

£

£

208,510

143,589

130,850

439

147,007
81

253
2,379

208,800
65,841

143,842
39,149
7,823

133,668
30,257
7,713

148,551
34,387
7,185

96.870
49,920
14,000
40,000

95,698
44,100
14,000
40,000

cr.7,050

cv.2.402

106,979
40,e00
14,000
40.000
deb.10,000

none

none

2,379

8,441

134,518

profit

Ist M. 68. 49,920
Pref. inc., cert. int. & sink. f. 14.000
Div., 8 p. c on $500,000 pf. 4 0,0C0

on £832,000

Int.

deb.9,451
Reserve account
Dividend, (4%) on £500,000
20,000
ordinary stock.. ^

Forward

1,147

BALANCE SHEET OF AUG.

:

buUding).
Steel Plants: One in Alabama, one in Minnesota, one in Ohio (building).

Rolling Mills: 2 in Pennsylvania, 8 in Ohio, one in Kentucky, 11 in
Indiata, 3 in Illinois, one in Minnesota and 2 in Alabama.

All of these blast furnaces and rolling mills are now active
and producing at the rate of 1,0 0,<iOO tons of finished iron
and steel per year, and 435.000 tons of pig iron per year.
From May Ist, 1899, to Jan. 1st, 1900, the business will be
practically as follows

Assets—
Plant, elevators, water
power, good-will,
£1,578,786
etc., per last acct
507,361
Wht'at. flour, etc
and
Bills receivable
13,743
other securities
61,426
By debtors
5,075
Payments in advance.

73,529

Cash

Iron ore mined

502,184 gross

87,684net

Coalmined.

Cokemade

|
l

Pig iron produced. .265,682 gross.
Muck bar do ...279,662 •'
"
do
Ingots.
... 16,023

112,486 "
Finished material of all kinds produced, 525,951 net tons.

—V.

|

69, p. 1151.

The annual report shows the following
Liabilities

)

$1,000,000 Capital stock
11,012 Bills payable
130.000 Surplus and pioflts.
Co.'s stock (at par)
Bills receivable
2.210
Furniture, fixtures, etc.
2,296
Machinery and plant.
2,282
Patterns, tools, etc
2,832
Materials on hano
1,613
Collars in stock
1,490
in

bank

.$1,000,000
5.377
.
14P,358

$1,153,735

The par value

of shares is $

Total

$1,153,735
each,—V. 68, p. 1134.

:

Total

$3,915,733

Liabilities

—

Capital stock

$3,000,000

Working capital

725,<

Accounts payable.

22,562
31,299
136,872

and

loss

Surplus

Total

00

$3,915,733

A dividend of 1^ per cent is
record Feb.

1.

Office is

8 p.

c.

p. c

40,000
20,000
30,000
189
1,147

pref. shares..
ord. shares...

and

loss

£2,239,920
Total
£2,239,920
Aug.
31, '98.
$45,000
Against
b
1898.
a Against $1 89,800 Aug. 31,
Note.— Preference income oertiBcates amounting to £140,000 were
Total

GENERAL INVESTMENT NEWS.
RAILROADS. INCLUDING STREET ROADS.
AUentown (Pa.) & Lehigh Valley Traction 'Co.—Pur-

—

—

—

Justice
iJecewer.
Ballston (N. T.) Terminal RR.
in the Supreme Court, at Saratoga on Jan. 27, appointed Frederick H. Beach receiver of the property, on ap-

Houghton,

plication of David Thompson, a judgment creditor, of BallPhiladelphia paper says the receivership is reston Spa.
garded as purely temporary, pending the adjustment with
the contractor, who was building a small extension. la
December, one of the poor months of the year, the company
earned gross $2,310, net $1,330.— V. 67, p. 369.

A

(Balance Sheet of Jan. 1, 1900.)
The balance sheet of Jan, 1, 1900, shows

Profit

Do. on income certs.
Dividendf»—

Profit

chase.

Fennsylvaula Furnace Company.

Assets—
Property
$2,997,000
Treasury stock
675,000
25,180
Notes receivable
Kepairs and improv'ts.
6,147
Supplies
18,58(5
13,.''83
Iron
Accounts receivable....
67,901
Cash
112,335

creditors...

Interest accrued

832,000
'al86.920
6105,131
16,640
7,893

A press dispatch says the company has bought the
Bethlehem & Nazareth Street Railway Co., 10 miles, and the
Bethlehem Electric Light Co.— V. 69, p. 1103.

.

Total

To

£500,000
500.000

:

—

Patents

Cash

Ordinary shares
1st mtg. debent.. 6%.
Bills payable

Issued, repreirenting three and a-half years' arnars of dividend.to
Feb 28. 1895, on the 8 per cent cumulative preference shares. Of
these £27,240 have been redeemed out of profits to date.
MEMO.-The Minneapolis accounts are converted at the exchange
of $4 85 to the pound.— V. 69, p. 1197.

United States Pneumatic Horse Collar Company.
{Balance Sheet of Dee. 31, 1899

—

General reserve
Miscellaneous

Tons.
I

31. 1899.
Liabilities
Cum. pref. shares

5

:

Tons.

"•

290

Management & London exp.
Net

1897-8.

£
1,463

Fees and interest
Brought forward
Repairs and renewals

1895-6.

1898-9.

payable Feb. 15 to stock of
at 60 State St., Boston.— V. 70, p. 133.

Pillsbury-Wasliburn Flour Mills Company, Limited.
{Report for the year ending Aug. 31, 1899.)

General Manager C. A. Pillsbury died on Sept. 17, 1899.
business, however, is conducted by a committee consisting of Governor Pillsbury, Senator Washburn, Henry
Little, Mr. Amsden and Mr. Da La Barre, the last named
being the present General Manager. Chairman Richard H.
Glyn at the annual meeting in London last December said:

The

The gross profit very much exceeded that of last year, being £208,610, against £143,588. On the other hand we made large expenditures for renewals, etc., viz., £65,841, against about £39,000 last
year. We found ourselves, so to speak, flush of profit, and we thought
It well to launch out a little.
Our business is to make as much flour
aB we can and as cheaply as we can, and to keep ahead of our competitors, and competition last year was pretty severe, as it always has
been. This extra expenditure, however, is not likely to occur again
lor some years. Since last year we have sold our shares in the Atlantic Elevator. The total amount received from the sale oi the elevators was £30,000. The larger part of this has been expended on
finishing the lower dam and the rest, except £9,434, has been spent
on the property generally.
We have also bought a small mill in the vicinity of our B mill, and
are fitting this up for the purpose of making our breakfast food. This
food is growing in popularity, and I hope we shall make some little
profit out of it.
We have increased the capacity of our electrical
power by two turbines, making six in all, and this will increase our
revenue. The water power practically paid the debenture interest.
The chief profit was earned by the mills; there has been no speculation whatever. The profit came from a large increase in the output
and from a fair profit on flour. The mills have done magnificently.
The elevators have not done so well as last year; the dilTerence between
the price of cash and forward wheat has been infinitesimal.
The last report about the business is satisfactory; we are doing a
large trade, though at somewhat small profits.

At the annual meeting, also. Sir Will Forwood, in congratulating the stockholders that the company had not gone
into the flour combine, said: "Our deliverance was largely
due to the noble way in which Governor Pillsbury and his
family came forward to protect the property. They sent
over nearly £250,000 to buy the securities of the company on
this side, so as to place the company in a position in which
it coald not be attacked."
The financial results and balance sheet follow:

Baltimore & Ohio RR.—iVeio Director.— '&. M.' Prevost,
Third Vice President and a director of the Pennsylvania RR.
Co., was on Thursday elected a director of the Baltimore &
Ohio to succeed General Louis Fitzgerald, resigned. Mr.
Prevost, it is said, enters the board as the official representative of the Pennsylvania system.
Bonds Sold. The company, it is understood, has sold to!!a
syndicate about $8,60O,U0O 4 per cent bonds and $2,500,000
Baltimore & Ohio Southwestern Division d}4 per cent bonds,
the proceeds to be used for improvements. V. 70, p. 124, 131.
Birmingham (Ala.) Railway & Electric Co.— Mortgage.
—The stockholders will vote on Feb. 14 on a proposition to
make a consolidated mortgage to secure $3,000,000 of 6 per
cent bonds.— V. 69, p. 590.
Brooklyn Rapid Transit Co.— Executive Committee.— The
recently-chosen board of directors on Thursday re-elected
the old officers, made A. N. Brady Chairman of the board of
directors, and chose for the executive committee, in addition to the Chairman of the board and the President, who
serve ex-officio: Anson R. Flower, E. H. Harriman, Walter
G. Oakman, H, Seibert and H. H. Porter.
Elevated Line.— On Monday the company began to use the
third-rail electric system on its Lexington Avenue (East
New York) line. The installation of the third-rail system
on the Broadway & Myrtle Avenue lines, it is expected, will
begin shortly.— V. 70, p. 175, 125.
Brunswick Traction Co.— Consolidation. The stockholders will vote Feb. 16 on a proposition to consolidate with the
New York & Philadelphia Company and the New Bruns-

—

—

—

wick City Railway.— V. 63, p. 29.
Bucks County (Pa.) R&ilyva.j.— Foreclosure Sale.— The
sale is advertised for March 14 at the Philadelphia Bourse.
The line extends from Doylestown to Willow Grove on the

Old York road.

The indebtedness, including mortgage and

interest, is $139,385.— V. 69, p. 1061.

Buffalo Rochester

& Pittsburg Uj.— Dividend

—A semi-annual dividend of

Increased.

3 per cent has been declared on
the preferred stock, payable Feb. 15. This compares v?ith
2 per cent for the entire year 1899.
Quarter li/.—EsiTiiings for the quarter and the six months
ending Dec. 31 were:
Balance,
3 mos. end.
Interest,
Gross
Net
Other
surpltia.
Dec. 31.
taxes, etc.
earnings.
earnings, income,
1899
$1,184,518 $467,091 $5,417 $265,659 $206,849
83,056
1898
255,504
6,247
973,988
333,313
6 months
18S9
$2,268,204 $870,169 $9,867 $512,140 $367,896
207,039
498,941
1898
699,335
6,645
1,998,834

—

—— —

—

THE CHRONICLE.

230
The semi-annual dividend of

[Vol.

LXX.
1

3 per cent on the preferred
stock, payable Feb. 15, 1900, calls for $180,000.—V. 69, p. 1010.

capital stock ($6,000,000) is all owned by the Federa
Steel Co., which gets the $340,000 (4 p. c.) in dividends.—

Chesapeake & Ohio Ry.—New President.— In accordance
with the plan already announced, M, E. Ingalls retired
from the Presidency on Feb. 1 and was succeeded by George
W. Stevens, theretofore General Manager. Second VicePresident Decatur Axtell has been elected First Vice-Presiaent, succeeding Wm. T. Bliss, who resigned.—V. 70, p. 175.
Chicago & Alton B.n.— Called Bonds—First mortgage
bonds of the Mississippi River Bridge Co., numbered 52, 379,
395, 427, 464, 491, 535, 606, 608 and 638, have been called and
will be paid April 1, 1900, at the office of the Chicago & Alton
RR. Co., No. 120 Broadway, New York, N. Y.— V. 70, p. 175.
Chicago & North Western Ry— Called Bonds Sinking
fund bonds of 1879 to the amount of $69,000 of 5 per cents and
$67,000 of 6 per cents have been drawn, and will be redeemed
by the Farmers' Loan & Trust Co., trustee, at No. 20 William St., New York, at 105 and accrued interest to Feb. 1,
1900.-V. 69, p. 1193.
Earnings.— See article on page 303.—V. 69, p. 1193.
Cincinnati Connecting Belt 'RB,.— Guaranty.—The guaranty on the bonds follows:

V.

—

For value received, the Cincinnati Portsmouth A Virginia RR. Co.
nereby guaranties the punctual payment of the principal and interest
oi the within bonds according to the terms, tenor
and effect thereof,
in witness whereof the Cincinnati Portsmouth & Virginia RR. Co. has
caused these presents to be signed by its President and its corporate
seal to be hereunto affixed and attested by its Secretary this fifteenth
day of November, 1899.
Portsmouth & Virginia RR. Co., by Samuel Hunt, President.
/o^*?>*
<beal). Attest: Thomas Hunt, Secretary.— V.
70, p. 75.
Cleveland Lorain & Wheeling Railway.— iVew $10,000,000
Mortgage.— The stockholders will meet in Cleveland March
1 to vote on a proposition to make a $10,000,000 consolidated
refunding mortgage. Of the new bonds $5,000,000 will be
reserved to retire in 1933 a like amount of first M. 5s; $1,000,000 will be issued to take up the $1,000,000 general mortgage
bonds of 1896, and the remainder will be available for improvements, etc. The new bonds will be gold bonds, dated
Jan. 1, 1900, will bear 43^ per cent interest and will mature
Jan. 1, 1930, but will be subject to call at 1023^ and interest.
Ihe results for the year 1898-99 will be found under the

heading "Annual Reports."—V. 69, p. 1247.
Copper Range RR.— Mortgage for $5,000,000.—The company has filed a mortgage dated Nov. 18, 1899, to the American Loan & Trust Co., Boston, as trustee, to secure $5,000,000
gold bonds, to be issued at not exceeding $20,000 a mile for
mam line track and $15,000 a mile for side tracks.
The road was recently put in operation from Range
Junction (near Greenland), Mich., on the Chi. Mil. & St. Paul
Ry., northeasterly 41 miles to Houghton, a lake port on
the Duluth South Shore & Atlantic Ry.; an extension is also
to be built to Calumet at a cost of about $300,000. The company is owned by the Copper Range (Mining) Co., "which
has more than 10,000 acres of mineral land between the
Trimountain and the Globe properties on the Copper Range,"
and whose 100,000 shares of stock were sold at $20 per share
to pay for property purchased, to build the railroad, etc.
Wm. A. Paine is Vice-President and Frederick Stanwood
Treasurer of the railroad company.
Delaware & Hudson Co.—New Line Opened.—The company's new line, 28 miles in length, extending from Carbondale, Pa., to Honesdale, Pa., and connecting at the latter
point with the Honesdale branch of the Erie R.R., was to be
opened for traffic on Feb. 1. (As to the importance of this
line, see Chronicle of July 8, 1699, page 79.)— V.
70, p. 125, 39.
Delaware Valley & Kingston RR.— Proposed Independent
Anthracite Coal Line.— The New York State Railroad Commission has been holding hearings this week upon the company's application for permission to construct a railroad,
chiefly along the line of the old Delaware & Hudson Canal,
from Lackawaxen via Port Jervis to Kingston, on the Hudson River. John A, Garver in arguing for the application,
said that the proposed road would effect a saving of about 40
cents on every ton of coal carried, William S. V. Thorne,
President of the new road and Vice-President and Manager
of the Pennsylvania Coal Co,, which is back of the project,
said the new road is already assured of the tonnage of the
Pennsylvania Coal Co., which controls 10,C00 acres of anthracite lands and 20,000 acres of surface lands that produced
last year, with the mines working half time, 2,400,000 tons of
coal. The company has paid more than $2,900,000 for transportation alone. Besides the product of the Pennsylvania
Coal Co., Mr. Thorne said the railroad company already has
contracts with independent operators in the Wyoming
region who would easily market 3,000,000 tons annually.
Everything is described as in readiness for the constraction
of the proposed road, the cost of which is estimated at
140,000 a mile,— V. 69, p. 1061, 1102,
Des Moines Union Rj.—New Tenant.— The Chicago Burlington & Quincy RR. has made a contract to use the company's depot and terminals at Des Moines, la. —V. 68, p. 574.
Elgin Jollet & Eastern Railway.— Lfs^ed. —Tbe New York
Stock Exchange has listed $435,0ii0 additional 5 per cent first
mortgage gold bonds of 1941, making the total amount listed
to date $7,852,000.
The additional bonds are issued on
account of " construction, betterments, equipments, extensions, etc."

Warning's.— Results for the year ending Nov.
™,

oJC^''^-^^

81,800,299

^ ^*'$771,597

^^'''<'-

^"<'-

$9,283

Jniercat.

$380,711

30, 1899,

were:

Dividends.

Surplus.

$240,000

$160,169

The

67, p. 1363.

Fitchburg

RR.— Against

Lease.— A special committee of

the directors of the Central Massachusetts has written to
Governor Crane protesting against the lease of the Fitchburg
RR. to the Boston
Maine RR., claiming a violation of
their own lease; they also have filed a bill in equity against
the measure.— V. 70, p. 176, 135.
Georgetown & Western RR. -SoZd.— This road, Georgetown, S. C, to Lane's Depot (Atlantic Coast Line) 36
miles, has been sold to the syndicate which controls the
Atlantic Coast Lumber Co. Charles R. Flint of New York
has become President. The road has outstanding $400,000
stock and $300,000 first mortgage gold 5s (M,
N,) due 1917.
Georgia & Alabama Rj.— Injunction Denied. See Sea-

&

&

—

board Air Line Ry. below.— V. 70, p. 76.
Great Northern Railway Co.— New Stock.—The company
announces that the subscription to the proposed issue of $9,000,000 additional stock is

now

effective, holders of

than 75 per cent of the outstanding stock having
subscriptions or their assignments.
able Feb. 28—V. 70, p. 39.

more

filed their

Subscriptions are pay-

Green Pond Walterboro & Branchville Ry.— Walterboro

& Western

Ry. —Consolidation —The stockholders of these
rords, belonging to the Plant system, will vote Feb. 12 on a
proposition to consolidate the corporations. Their lines extend from Green Pond to Ehrhardt, S. C, 39 miles.
Houston & Texas Central RR.— New Bonds.—The stockholders on Jan. 19 authorized the issue of bonds at not ex-

ceeding

$!i5,000

per mile on the

Waco & Northwestern

division, 54 miles in length, acquired in

1898.— V.

69, p. 955.

—

Illinois Central RR.—New Through Service to Omaha.
Regular train service from Chicago to Omaha via the recently completed extension (said to have cost $4 000,000) from
Tara to Council Bluffs was begun on Jan. 30. The new line
is described as 516 miles long, being 26 miles longer than the
shortest route between Chicago and Omaha. From Council
Bluffs to Omaha the tracks ot the Omaha Bridge & Terminal
Railway Co. are used.—V. 69, p. 1301.
Ironton (0.) Electric Light & Railway Co.—Sale Order ed.— In the United States Court at Cincinnati on Jan. 36

Judge Thompson ordered the foreclosure sale of this property, the upset price to be $60,000. The Knickerbocker Trust
Co. is mortgage trustee. There are receivers' certificates

—

outstanding, as well as overdue coupons, etc. V. 68, p. 438.
Jacksonville (Fia.) Terminal Ry.— Decmow Reversed.
The Supreme Court of Florida has rendered a decision reversing the judgment of the Circuit Court in the case of the
Railroad Commission of Florida vs. the company. Early in
1899 the Atlantic Valdosta
Western Ry. Co. applied for
admission with equal privileges to the terminal station. The
Railroad Commission decided in favor of the petitioners, but
the Terminal Company would not assent. On mandamus
proceedings the Circuit Court sustained the Terminal Company, and the Railroad Commission then took the matter up
to the Supreme Court, with the result above stated,
Kansas City Pittsburg & Gulf RR.— First Instalment
Payable by Feb. 14.— The first instalment of $5 per share of
the assessment ($10 per share) upon the stock, deposited under the plan of reorganization, dated June 14, 1899, is called,
payable on or before Feb. 14, 1900, at any of the depositaries.
Said depositaries will receive without penalty further deposits of anv of the securities included in said plan until
Feb. 14, 1900, inclusive, but not thereafter.—V. 69, p. 1346.
Little Miami RR. Lease Modified. The stockholders have
agreed to the modification of the lease. See V. 69, p. 1247.
Manhattan Ry. Third Rails, The work of distributing
the third-rails along the Second Avenue line and the Sixth
Avenue line above Ninety-third St. has been completed.

—

&

—

—

None have been laid as yet. — V. 70, p. 176.
Milwaukee & Lake Winnebago RR. Bonds
Wisconsin Central Ry. below.— V. 69, p. 744.

Called.

—See

Newark Somerset &

Straitsville RR.— Foreclosure Sale
foreclosure sale is advertised for Feb. 19 at
Newark, O. The upset price is §300,000. The Baltimore
Ohio RR. Co. owns substantially all the bonds,— V. 70, p. 76.
Feb. 19.

—The

&

St. Louis RR.— Dividend.— A divibeen declared on the first preferred
stock, payable Maich 1. The previous dividend on this stock
was 3 per cent, paid March 1,1898. No dividend was paid
See •' Annual Reports."- V. 69, p. 1013.
last year.

New lork Chicago &

dend of

5 per cent has

—

New York Ontario & Western Ry.—Mortgage Satisfied.
The company this week satisfied of record its mortgage for
$10,000,000 made in April, 1889.— V. 70, p. 75.
New York & Philadelphia Traction Co.— Consolidation.
—See New Brunswick Traction Co. above —V. 61, p. 113.
Northern Pacific Ry. Lumber Traffl,c.—The incorporation of the Weytrhauser Timber Co., to own the 900,000 acres
of land purchased from the Northern Pacific, was mentioned
The Seattle "Post" quotes James Mclast week (page 180),
Crossen of Wausau, Wis., as saying:
The Weyerhiiuser jiurohase hung lire so long, Mr. Weyerhauaer told
me, because the Northern Paolfio asked that It be per^teiually given
ilie manufactured product to haul. Mr. Weyerhauser would only make
a contract gi%lng it the product for forty years. A greater portion of
the Weyerhauser purchase in this State will be used up by their own

—— ——

——
February

3,

DOW operating In the Mississippi Valley. Twenty or more of
moved here within a few years, as their visible
home Bupply gives out. There are many mill-men In the East who
mills,

their mills will be

are looking to find limber land on the Coast. Like ourselves, they
are winding up their business preparatory to coming out here. All
who can will locate plants.— V. 70, p. 176.

Oklahoma City & Western Uj.— Proposed Line.— Thia
company has been organized to build a road, 178 miles in
length, from Oklahoma City, Okla., to Acme, Tex., on the
Fort Worth & Denver City. C. G. Jones of Oklahoma City,

who built the St. Louis & Oklahoma, is President.
Omaha Council BiuflTs & Suburban Railway Co.—Incor
poration.— This company has been incorporated with

$1,000,-

000 authorized capital stock. The incorporators are W. S.
Reed, A. B. Belong, G. Townsend, C. R. Hannan, all of

Council Blutfs.

Sold.— See People's Traction below.

RR— & O.—See Baltimore & Ohio RR.
76.
Traction. Purchase. —This company, formerly

FennsylTania
above.—V. 70, p.

—

—

THE CHRONICLE.

1900.]

Felham Park RR.

——

:

j5.

People's
Connecticut Traction Co., conthe New York Westchester
trolled by the P, H, Flynn syndicate, has purchased the Pelham Park RR., 1% miles in length, extending from Bartow
Station to City Island, and embracing the only franchise

&

through Pelham Bay Park,— V.

63, p. 969.

231

rran«/er 0/ Properties.-" Seattle Post" of Jan. 23 said:
Deeds have been placed on record transferring the Union Trunk
line, Madison Street Cable Railway Co., Union Electric Co. and Consumers' Electric Co. to the Seattle Electric C«. The Seattle Electric
Co. has also secured title to the Seattle Steam Heat & Power Co. The
Seattle Electric Co. has also been operating the Seattle Traction,
the Madison Street Cal)le Railway, the Union Trunk Line and the
West Street & North End Electric Railroad for several weeks.
The First Avenue Cable Ry. and the Third Avenue & Suburban Ry. Co. were to be deeded to the new corporation
within the next few days. V. 68, p. 1078.

—

Sedalia (Mo.) Electric & Rj.— Default—Notice to Bondholders.— Betanlt was made Dec, 1, 1899, upon the $50,000
the Sedalia & Brown Springs
six per cent bonds of
Electric Ry., and on Feb. 1, 1900, upon the $200,000 six per
cent bonds issued in 1892 by the Electric Railway, Light &
Power Co. (the parent company). In addition, there is
understood to be a note for $105,000, matured and unpaid,
which is secured by deposit of the $140,000 outstanding first
consols of 1898; also floating debt for supplies, etc., constituting a prior lien of $25,000 or $30,000. In view of the danger of
the property being sold for these debts, the earnings being
" at preeent barely sufficient to pay the operating expenses,"
the bondholders are requested to forward their bonds to the
North American Trust Co., 100 Broadway, New York, and
to give that company authority to foreclose the mortgage.
V. 67, p. 483.

—

Peoria Decatur & Evansrille RR. Notice to Holders of
Third Ave. RR. Official Statement as to Funding and
Non- Assenting Seconds. F. J. Lisman & Co., 30 Broad Dividends.— BdwaiTd Lauterbach, speaking for the directors,
St., New York, request holders of undeposited 2d mortgage on Thursday said
58 and of unassented certificates to communicate with them
The company has arranged to exchange all of its present indebted-

—

for the purpose of protecting their interests,

Quebec

& Lake

St.

—V, 70, p. 39,

John Uj.— Reorganization.— H. M.

Atcbley, Secretary to the Bondholders' Committee, 4 Bank
Buildings, London, E. C, notifies the holders of the £780,000
5 per cent first mortgage bonds that their bonds may be deposited with the Railway Share Trust & Agency Co., Limited, 4 Bank Buildings, London, E. C, up to the 22d February
on the present conditions, but after that date only on such
terms as hereafter prescribed.— See V. 69, p. 239.
Rapid Transit in New York Citj.— Financial Agents.— It
was learned this week that August Belmont & Co., are Mr.
McDonald's financial agents; it is thought that a construction company may be organized by them to build the tunnel and furnish the bond required for the completion of the
work.—V. 70, p. 170, 126.
Richmond Passenger & Power Co.—Extension of Time.
The incorporators on Jan. 30 passed a resolution asking that
the City Council extend the time in which the franchise may
be accepted for a period of sixty days from Feb. 6. V. 69, p.

—

—

1346.

Rochester & Irondequoit RR. Successor.- See Rochester
Suburban Ry. below,—V. 68, p. 929.
Rochester & Suburban Ry. Reorganized Company.
This company has been incorporated at Albany as a reorganization of the Rochester & Irondequoit RR. Capital stock
is $420,000, of which $350,000 is preferred.— V.68, p. 929,

6

—

—

ArSt. Louis Oklahoma & Southern Uj.—New Line.
rangements have been made to build this road as an extension of the St, Louis & San Francisco RR. from Sapulpa,
Indian Territory, to Sherman and Denison, Texas, a distance
of 300 miles. This will give the St. Louis & San Francisco a
valuable connection with lines extending to all parts of
Texas.
The new road will be mortgaged to secure 4 per
cent 50 year bonds, which will be guaranteed by the St.
Louis & San Francisco Company, that company also owning
the entire capital stock. These bonds have been taken by
St. Louis Trust companies.
St. Louis & San Francisco RR.
Extension.— See St.
Louis Oklahoma & Southern Ry. above.
Statement for Half-Year.— Earnings of [the St. L. & San
F. RR. for the six months were:
6 months
Gross
Net
Other
Interest,

ness [about $17,000,000.— Ed.] Into 6 per cent notes, secured by
mortgage running for three years, with a privilege to the company ta
retire any or all of the same at the end of any twelve months. These
notes will not contain any clause permitting their convertibility into
stock. This disposes of all the company's requirements with the exception of $2,500,000 or $$3,000,000 of further indebtedness which
may be incurred in connection with the completion of construction
work. Within a very short time after the issuance of the interestbearing notes, it is the intention to present a plan to the stockholders
for the permanent funding of the debt and for all other necessary purposes, the principal feature of which will be a low-rate bond, to be
lirst oflfered to the stockholders but underwritten by a syndicate.
It was not my Intention to issue this statement for some days to
come, but the rumors circulated to the effect that the company intended to issue $20,000,000 or some other large sum of notes convertible into stock at par at the option of the holders of the notes, and
other rumors that it was possible or probable that the dividends upon
the stock would not be continued for the present, constrained me to
make this definite announcement, showing that the company has no
such purpose, and to assure the stockholders that their regular dividends of 5 per cent per annum are in no danger of being curtailed or
suspended.- V. 70, p. 126, 174, 177.

Toledo St. Louis & Kansas City RR.— Company's Motion
Reopen Foreclosure Case Denied. The United States Supreme Court on Jan. 29 denied the company's petition for a
writ of certiorari, asked to secure a review of the foreclosure

—

to

The sale is set for April 2,— V, 70, p, 177.
Belt
Line
Street RR.— Lease. The stockholders on
Utica
Jan. 30 ratified the proposed lease of the Utica Suburban
RR., including the line already built between Whitesboro
and Oriskany, and the proposed extension from Oriskany to
Rome, the Belt Line guaranteeing 5 per cent interest on an
additional issue of first mortgage Suburban bonds amounting to $350,000,— V. 65, p. 568,
Western Maryland RR. Sale Postponed. The Finance
Commissioners of Baltimore on Jan, 31 decided to defer for
the present year the foreclosure of the mortgages held by
the city, in order that the city directors recently appointed
may have ample time to look fully into the affairs of the
road,-V, 70, p. 77.
proceedings.

—

—

Western New Yorlt & Pennsylvania Rj.— Change of
Control Reported Pending. The "New York News Bureau"
says: "There is reliable authority for the statement that
negotiations are practically completed for the transfer of the
control of this company to interests chiefly represented by
President Cassatt of the Pennsylvania RR. The large holdings of the stock in Amsterdam, Berlin and Leipsic have
been acquired, it is said, by the same interests that recently
toDec.31. earnings.
(awnings.
Balance. purchased the Chesapeake & Ohio.
income.
taxes, etc.
Nearly three-quarters
1899]
$4,154,454
$1,802 534
$30,294 $1,221,091 $611,737 of the $20,000,000 of stock will change hands in the pending
1898
3,706,377
413,830
1,534,444
29,795
1,150,409
deal. The voting trust, in which $5,000,000 of the capital stock
Dividends at 2 per cent on the 4 per cent first preferred
is held, will expire next April."
V. 70, p, 77.
call for $100,000 during the six months, leaving $511,737 apBonds. The Manitowoc
Called
Wisconsin
Central
Ry.
plicable to dividends on the $14,272,000 second preferred
Division first mortgage bonds of the Milwaukee
Lake Winstock,— V, 69, p, 1194,
nebago RR. are called for redemption, and will be paid at
Savannah Florida & Western Hj.—New General Super- 110 and interest on presentation to Maitland, Coppell & Co.,
intendent.— Oa Feb, 1 Capt. W. B. Denham succeeded BradNo, 24 Exchange Place, interest ceasing April 1, 1900. See
ford Dunham, resigned, as General Superintendent of the
advertisement on another page. V. 69, p. 1298.
Plant system.— V. 70, p. 77.
Worcester Consolidated Street Rj.— Called Bonds. The
Seaboard Air Line Rj.— Injunction Denied. At Macon, first mortgage bonds of 1887
($150,000) and the debenture
Ga., on Jan. 27, Judge Speer, in the case of Dady against the
bonds of lb94 ($500,000) are called for redemption and will
Georgia & Alabama Railway, denied the injunction sought to
be paid at the office of Vermilye
Co., 18 Nassau St., New
prevent the consolidation of the G.
A. with the Seaboard York, or at the Mechanics' National Bank of Worcester,
Air Line system,- V. 70, p. 76.
Mass., on March 1, 1900, after which date interest will cease.
Seattle (Wash.) Electric Co.— Incorporation— ConsolidaV. 70, p. 177, 77.
tion of Street Railways and Electric Light Plants. This
company was recently incorporated in the State of Washington to effect the consolidation of street railway and
INDUSTRIAL. GAS AND MISCELLANEOUS.
electric-light plants, which is being arranged by Stone &
Amasa
Lyon Umbrella Co. New Company. See Lyon
Webster of Boston. The authorized capital stock of the
company is $6,250,000, of which $1,250,000 is 6 per cent non- Umbrella Co. below.— Vol. 69.
cumulative preferred.
American Bell Telephone Co. Independent Companies
Incorporators: Jacob Furth, M.
McMicken, T. Burke, C. J, Smith, R, V. Ankeny, all of Acquired. As below stated, the Erie Telegraph
Telephone
Seattle.
Co., allied to the Bell, has purchased control of three more

—

—

—

&

—
—

—

—

&

&

—

—

—

—

&

—

—

—

THE CHKOJVJCLE.

232

of the independent telephone companies of Michigan, and the
Cumberlacd Telephone «fe Telegraph Co., in whifh the Bell
owns a controlling interest, is arranging to purchase the
People's Telephone Co. of New Orleans.
Transfer Reported Postponed.— The plan to exchange the
company's shares for those of the American Telephone &
Telegraph Co. (see V. 69 p. 1195) it is understood has been
postp ned until fall.—V, 70, p. 77.

2cl

••

31

"

Aug. 31,
Nov. 30,

'99...
'99...

10.033.17H
10,081,936

—

$29,272,908
26,555,495

Total of income fornine months

Deduct cost of materials used, operating expenses, etc

Net earnings for nine months
Three quarterly dividends of 1^

Colorado Fael & Iron Co.— Extended Bonds Listed.— The
Stock Exchange has listed the Colorado Coal &
Iron Company's $3,76«,000 first consolidated mortgage gold
bonds, extended to Feb. 1, 1902, at 6 per cent, payable in
gold. The total issue is $3,500,000, but of this $734,000, retired by the sinking fund, is held by the mortgage trustee.
V. 70, p. 127.

:

1,527,225

Surplus on Dec 1,1899

Dividends have been paid as follows
Year ..
1892 1893 1894 1893 1896 1897 1898 1899
Percent
312
3
3
6
1
l^a
3
4
In 18»9 1)^ ter cent was paid in February and 23^ per
cent in August.

$1,190,188

:

•

—

American Cereal Co. Increase in Dividend. The compiny has declared a quarterly dividend of 2 per cent, payable
Feb. 20. This is an increase from 6 per cent to 8 per cent per

annum.— V.

Steam and hot water apparatus

for heating railway trains from
the locomotive; (b) Bewail couplers, 100,000 said to be in use; (o)
Pope Light compressed oil gas apparatus; (d) standard electric heaters for street cars, over 8,OoO heaters reported sold to Sept. 1, 1899.
(a)

each ($509,075) on

$29,0»0,000 preferred stock issued
70, p. 40.

—

Consolidated Car Heating Co.— Extra Dividend. This
Albany company has declared the regular semi-annual 1^
per cent dividend, payable Feb. 15, and an extra dividend of
1 oercent.
The capital stock is $1,250,0 )0, of which $119,600 Is in the treasury; par $100. The company supplies

$2,717,413
p. o.

LXX.

New York

American Car & Foundry Co.— Earnings.— For the first
its organization the company reports:
Gross earninars, all sources, Ist quarter, to May 31, '99... $9,15'' ,796
"

[Vol.

$500,000.
See V. 69, p. 1195. Incorporators: C. J. Ives, I.
B. Smith, J. H. Smith, W. G. Dows, W. D. Douglass, W. J.
Greene, all of Cedar Rapids.- V. 69, p. 1195.

nine montbs of

—V.

—

—

69, p. 25.

Consolidated Electric L'ght Co. of Portland,

Me.—Mort-

American Smelting & Refining Co.— Proprietary Com- gage.—The company has made a mortgage for $500,000, securpany. The stockholders of the Kansas City Smelting & Re- ing bonds, of which, it is said, about $300,000 will be used in
fining Co. vote on Feb. 3 on a proposed reduction of the extending the business. A first mortgage of $200,000 was
capital stocli of the company from $4,500,000 to $2,500,000, made in 1891. the bonds being 5 per cents, due in 1906, but
by retirement of the $2,000,000 preferred stock. The Amer- convertible into stock. The authorized issue of stock is
ican Smelting & Refining Co. owns the entire capital $500,000; par value of shares $10.
stock.— V. 69, p. 441.
Consolidated Lake Superior Co.— Instalment Called. — The
American Steel & Wire Co.— First Dividend on Common company has called for an assessment of $5 per share on the
Stock.— The company has declared a dividend on its common instalment receipts for preferred stock, payable March 1 at

—

&

stock of 7 per cent, payable in four quarterly payments, on
April 2, July 2 and Oct. 2, 1900, and Jan. 2, 1901, out of the

the Provident Life
Trust Co. of Philadelphia. This will
$15 paid in on each $50 share of preferred stock in

make

under heading "Annual Re-

page 164 Investors' Supplement)— V. 69, p. 1303.
Cumberland (Bell) Telephone & Telegraph Co.- ConsoliAmerican (Bell) Telephone & Telegraph Co.— Status.— dation.— The stockholders on Jan. 26 ratified the merger by
See American Bell Telephone Co. above. The amount of 5 consolidation of the Ohio Valley Telephone Co. They also
per cent nine- months' notes issued is stated as $2,000,(00. increased the authorized capital from $6,000,000 to $10,000,The Boston "Financial News" says:
000, in $100 shares.
The stock of the Ohio Company will be
The issue of $10,000,000 4 per cent bonds, a portion of which has exchanged, $ for $, for stock of the Cumberland Company.
already been placed, will be put upon the market by the underwriting The latter company now owns the lines of the Bell system
syndicate from time to time during the coming year until the entire
issue has been disposed of, another block beinsr looked for on the mar- from Louisville to New Orleans, including, it is paid, about
ket in April, one in July, and a final batch in Oct.— V. C9, p. 127, 77. 11.000 miles of wire and 40,000 subscribers. (See Investors'
American Woolen Vo.— Large Sale cf Goods.— See "The Supplement, pages 153 and 164.)
Acquisition of New Orleans Company. The company is
Dry Goods Trade " in Chronicle of Jan. 27, page 190.— V,
arranging
to purchase the People's Telephone Co. of New
69, p. 128.
Orleans, whose exchange was opened a few months ago,
Atlantic Iron & Steel Co. No Consolidation. It is an- and
whose subscribers are said to number over 3,000.
nounced that, owing to the opposition of the minority stockThe People's Company's first mortgage 6 p. c. (A&O) 20-year
holders of the New Haven Steel & Iron Co. and Susquehanna
gold bonds, due 1918, Central Trust Co., trustee, $300,000
Steel &Iron Co., the proposed consolidation has been abanoutstanding, were offered for public subscription last spring
doned.—V. 70, D. 40.
at 105 and interest
V. 69, p. 1064.
Bell Telephone Co. of BuflFalo.— iVetu Stock.— The stockDiamond
State Telephone Co. Amalgamation
A press
holders will vote Feb. 10 on a proposition to increase the capdespatch dated Jan, 25 to "The Philadelphia Times" says:
profits of 1899.
(See statement
ports.'")— V. 69, p. 1249.

trust (see

—

—

—

stock from $2,000,000 to $5,00U,0C0, in shares of the par
value of $100 each. Dividends of 6 per cent per annum have
been paid; there are no bonds outstanding.
ital

The Eastern Shore Telephone Co. has absorbed the Union Telephone
Co. of Talbot County and the telephone lines of Cecil Co This was
the last step in the amalgamation of all the telephone lines on
the peninsula of Delaware, of Maryland and of Virginia.
The
Diamond State Telephone Co. of Dover will control 99 per cent
of the stock of both companies and thus centralize the entire
telephone business of these twelve counties at Dover. Men are connecting Seaford, Del., with Cambridge and Easton, Md., and by the
middle of next week will have the entire peninsula system in working
order. Harry A. Richardson is President of the absorbing company.

Birmingliam Realty Co.—Mortgage.— The company has
to the Union Trust Co., of New York, as
trustee, to secure the $550,000 prior-lien bonds and $550,000
mortgage bonds to be issued under the plan (see V. 68, p. 1180)

made a mortgage

for the reorganization of the Ely ton

Broolcljn Wharf
pany defaulted Feb.

Co.—V.

70, p. 177.

& Warehouse Co.— Default.— The com1

on the coupons then due on

Illuminating Cras Light Co. of Philadelphia.
—Eqaitable
Operations. — The statement for the quarter ending Dec.

its $17,500,-

OOO of first mortgage bonds.
Reorganization. A committee consisting of Frederic P.
Olcott (Chairman), Frederic Cromwell. Adrian Iselin, Jr.,
Walter Q. Oakman, H«nry A. Redfield and George W.
Young, with James N. Wallace as Secretary, 54 Wall Street,
N. Y., has been formed to reorganize the company, and calls
upon the bondholders to deposit their bonds with the United
States Mortgage
Trust Co. To those who deposit their
holdings prior to March 1, 1900, the committee will advance
$25 upon each bond, being the amount of the coupon due
Feb. 1, 1900. Opportunity will be given to depositors who
shall not approve the plan, hereafter to be announced, to
withdraw their bonds on payment of their pro rata share of
the committee's expenses, but not to exceed $3 per bond.
Under the agreement the committee has the right to sell all
the deposited bonds at a price that will net the owners not
less than the fall amount of the principal of the bonds with
interest at 5 per cent from Feb. 1 to date of payment.
Besides the coupons maturing Feb. 1, there was due on that
day an amount said to be $200,000 on account of rental for
the Beard Erie Basin property, one of three pieces of leased
property which it is claimed have been a considerable barden. The net earnings of the company for the year ending
Jan. 31, 1900, after payment of expenses, rentals and taxes,
are estimated by the directors at $7.i0,000(the interest charge
is $875,000) as against $806,273 for 1898-1899 and $1,042,074
for 1897-1 f^O-*. The rentals and taxes for the year 1898-1899
aggregated $573,721. The leased properties include the Amity
Street Stores (part owned), B'^ard's Erie Basin and Erie Basin
stores, these forming pat of the company's 16,284 feet of

31, as submitted to City Comptroller Walton, shows that
during the three months there were sold 1,00S,535,210 cubic
feet of gas, an increase of 81,914,870 feet as compared with
the same quarter in 1898. For the calendar year the gas
sales aggregated 3,564,810,610, as against 3,032,073,810 in
1898, an increase of 532,736,800 cubic feet, or over 17 per cent.
The price received being $1 per 1,000 feet, this represents an

—

&

—

Brooklyn water front. V. 6S, p. 522.
Cedar Rapids (la.) Electric Light & Power Co.—This
company v as iucoi porated recently in Iowa. Capital stock,

—

increase of $532,737 in gross earnings, of
ceives §53,274.— V. 69, p. 1196.

Erie (Bell) Telegraph

city re-

& Telephone Co.— Further Acquisi-

—The company, in addition

to the purchase of a controlling interest in the Detroit and the
State telephone
(independent) companies of Michigan, has acquired a majority of the stock of the Central Telephone Co. of Michigan,
the Mutual Telephone Co. of Kalamazoo and the Heddon
Telephone Co. of Dowagiac.
Chas. H. Ssitz, General Manager of the three independent
companies just acquired, says:
"In addition to tenexohange>ystems we owned all the long-distance
independent telephone lines in Southwestern Micnigan. We found
after three years' experience that it was not a paying investment.
The public, where jiublic utilities are concerned, cares very little who
operates them; all It Is looking for is the best service at lowest rates.
A community is better served with only one telephone company. The
Erie Company, with Its through circuits and popular minute service,
placed us at a disadvantage, and, being business men, we decided to
discontinue competing with a natural monopoly.
tions.

>

which the

New State

Telephone Co.

New

—See that company below. —V. 70,

p. 178.

Federal Steel Co. Dividend Received from Railroad.—
& Eastern Ry. above,—V. 70, p. 78.
General Chemical Co.— Dividend on Conwion. The directors on Thursday declared a dividend of 4% on the common
stock out of the earnings of the ten months ending Dec. 81,

See Elgin Joliet

—

—

—
February

3,

THE CHRONICLE.

1900.]

1899, payable 1 per cent quarterly on March 1, June 1, Sept.
1 and Dec. 1, 1900, to stock of record at the respective dates
of closing the books, of which notice will be given. See
statement under "Annual Reports."— V. 68, p. 1325.

Harrison Brothers & Co. of Philadelphia.— ^njma? State

menf.— President Thomas S. Harrison, in his report, says:
"A greater volume of business was done in 1898-99 than in
1897-98, but owing to the continued depression in prices in
the white lead business and the fact that almost the entire
business was done on a rising market for raw material, with
a general inability to advance prices on finished products, the
Erofits thereon were not as great as it is expected they will
The business for the first two
e for the current year.
months of the year 1899- 1900 is most encouraging, and shows
a material increase over last vear."— V. 69, p. 853.

Holyolse

Water Power Co.— Dam About Completed.— The

dam

across the Connecticut River has been
has cost between $500,000 and $1,000,000; it is 1,020 feet long, and was begun in July, 1895. The
company has outstanding $1,200,000 of capital stock (par of
shares §100), and has paid 10 per cent per annum {2^, Q J)

company's new

about completed.

It

La,yf.— Held Unconstitutional.— Kt
Chicago on Jan. 29 Judge C. C. Kohlsaat in the United
States Circuit Court handed down a decision in favor of the
Union Sewer Pipe Co. in its suit against Thomas Connolly
to recover upon promissory notes. Connolly set up the plea
that the plaintiff was a trust or combination organized for
the express purpose of carrying out restrictions in trade.
The juige, however, declares the anti trust Act of 1893 to be
void on the ground that it contains both class and special
legislation, and is in contravention of the Federal and State
constitutions. He says:
The said statute of July 1, 1893, provides In section 9 that "the provisions of this Act shall not apply to agricultural products or live
stock in the hands of the producer or raiser." I am of the opinion
that this statute contains both class and special legislation, and Is in
contravention of both the State and Federal constitutions, and therelore void. It is urged that, granting the unconstitutionality of the
ninth clause, it may be declared void without aflfectlng the validity of
the remaining clauses of said Act. If this were so, then by declaring
said clause void, the courts would make the Act binding upon those
classes of persons within the State which the Legislature had specially exempted from its provisions. This would be judicial legislation of the most flagrant character. In my opinion the said clause
9 taints the whole Act, and renders it all void. Therefore the special
defense must be stricken out.
The matter will probably be taken to the United States
Supreme Court. Some believe that the Act of 1893 did not
supersede that of 1891, and that the latter statute is still in
force.
The Glucose and milk shippers' cases, moreover, it is
stated, were decided under the law of 1891, which does not
contain the clause on which Judge Kohlsaat based his
decision.
Illinois

Anti-Trust

International Fire Engine Co.
company, recently incorporated, it

— Consolidation.— 1\i\&

is stated will control
practically the entire output of the country in the shape of
apparatus for fighting fires, including both steam and chemiical fire engines, hooks, ladders, trucks, etc. The authorized
capital stock is $9,000,000, of which $4,000,000 is 7 per cent
preferred.
Of these amounts it is expected that at least
11,000,000 common and $800,000 preferred will remain in the
treasury. No bonds will be issued and no stock will be
offered to the public. The company will begin business with
?300,000 as a working capital. Par value of shares $100.
The companies to be consolidated are reported as follows:
American Fire Engine Co. (a consolidation of the Sllsby, Clapp &
Jones, Button, Ahrens steam fire engine cos.); La France Fire Engine
Co., Elmira, N. Y.; Amoskeag Steam Fire Engine Co., Manchester, N.
H.; Waterous Engine Works Co., St. Paul, Minn.; the Fire Extinguisher Co., which Includes the Baboook Fire Extinguishing Co., of
Chicago; Charles T. HoUoway & Co., of Baltimore, Md.; Seagrave Co.,
Columbus, O.; Macomber Chemical Fire Extinguishing Co., Worcester,
Mass.

Harry S.
69, p. 1250.

—

Stahlknecht of 149 Broadway

is

interested.— V.

233

Lynchburg (Va.) Gas Light Co.— SoZd.— The company's

property, it is stated, has been sold to F. H. Shelton and the
Real Estate Trust Co., of Philadelphia, and R. D. Apperson,
of Staunton, for $161,828.

Lyon Umbrella Co. of New York.— iVeu) Company.—
This company has been organized with $50,000 of capital
stock, under the laws of New York, and will remove the
manufacturing plant of the Amasa Lyon Umbrella Co. to

New

London, Conn.

National Fish Co.— Beginning Business.— Thia company,
incorporated in Delaware on March 31, 1899, began business at No. 6 T Wharf, Boston, on Thursday, being a
combination of fifteen of the largest fish dealers on the
wharf. The capital stock is $5,000,000, all common, of
which three-fourths will be placed in trust for a period
of three years. Officers: President, Lorenzo D. Baker; VicePresident and Manager, John R. Neal; Treasurer, R. L. Mayo;
Secretary, N. D. Freeman. No bonds will be issued.
Secretary N. D. Freeman in a telegram to us says:
The objects are to promote just and equitable principles of trade; to
encourage and foster the flshiug Industry; to establish and maintain
more uniform prices; to pay liberal and equal prices to the
fishermen; to prevent the distribution of inferior stock; to eliminate
or correct abuses now existing, and put the industry on a basis that
win allow both producers and distributers to obtain more satisfactory
results, and to prevent any unjust discrimination toward either fisherman or dealer.— V. 68, p. 773.

New England Telephone & Telegraph Co —Bonds Sold.
to Adams & Co. of Boston about

—The Company has sold

$400,000 of 30-year 4 pec cent debenture bonds, said to be a
portion of a new $1,000,000 issue.— V. 69, p. 181.

New Haven Iron & Steel Co.— iVb Consolidation.— The
proposed consolidation has been abandoned. (See Atlantic
Iron & Steel Co. above.) A committee of six, representing
the majority and minority shareholders, is to prepare plans
for the erection of mills at Columbia, Pa., etc. V. 69, p. 1196.
Newport News Abattoir Co.— New President— George A.
The
Schmelz, of Newport News, has become President.
company has awarded the contract for the erection of its
plant. See V. 68, p. 1133.
New State Telephone Co. of Michigan.— Sa/e of Control.
The Detroit "Tribune" quotes W. L. Holmes one of the
syndicate which arranged the sale of a controlling interest
in the company to the Erie Telegraph & Telephone Co., as
saying that the Erie Company purchased $550,000 of treasury
stock at par (the authorized issue of stock having been increased Dec. 27, 1899, from $1,000,000 to $1,500,000) and $200,000 more hold by the syndicate at 50 cents on the dollar,
making the total cost of the controlling interest a little over
$650,000; also that there is an agreement that the minority
stock shall be bought at par. The proceeds of the new stock
will be applied to paying all debts, building extensions, buying other companies, etc. Mr. Holmes says:
Although they were separate companies, the Detroit and New State
companies were practically the same. In each of them the directors
were carrying a heavy load. In the Detroit company, for instance,
most of the Indebtedness was to the directors, either for money loaned
to the company directly or borrowed on the Indorsement of the directors. The load was too heavy and there was no hope of holding

—

—

out against the Erie people. By the sale we put both companies in
good shape, insured the protecting of the interests of the minority
stockholders and let ourselves out.

Negotiations are also in progress to sell the Detroit Switch& Telephone Construction Co., stock $250,000, controlled by Mr. Holmes and associates, to the Bell interests.
New Yorli & Kentucity Distilling Co. of Rochester.Stock Offered. This company, which owns the several distilleries, etc., mentioned last week (p. 178), has offered for
subscription at par ($100 per share) $300,000 of its issue of
$1,000,000 7 per cent cumulative preferred stock. All the
$1,000,000 common stock and the balance of the preferred
stock have been taken by private subscription or will be
issued in payment for the properties acquired. The net
earnings for 1899 are stated as over $180,000.— V. 70, p. 178.

board

—

—

International Heater Co. of TJtica N. X.— Extension cf
New York Shipbuilding Co. New Stock. The company
Busijiess.— This company, incorporated in June, 1898, has proposes to increase its capital stock from $3,000,000 to
filed a certificate extending the scope of its business.
The $6,000,000. The reported interest of H. C. Frick in the
certificate shows that of the $900,000 common stock, $543,900, property is denied.— V. 69, p. 853,
and of the $900,000 7 per cent cumulative preferred, $551,900,
People's Brewing Company of Trenton N. J. Bonds Ofare outstanding.— V. 66, p. 1189.
fered. This company, which owns and operates the properInternational Silver Co. First Dividend. The company ties formerly belonging to the Trenton Brewing Co., Frank
has declared a dividend of l^X per cent on its preferred stock, Hill's Brewery, the Consumers' Brewing Co. and the Hygeia
Ice Co., has offered for subscription at 103)^ and interest
payable April 1.— V. 68, p. 1034.
$350,000 of its first mortgage 6 per cent sinking fund forty
Kalamazoo Gas & Electric Co.- -Purchased. See Kalama- year gold bonds, in denominations of $1,000 and $500. The
zoo Valley Electric Co. below.
bonds will mature May 1, 1899. The total authorized issue
Ealamazoo Valley Electric Co.— Acquisition.—This com- of bonds is $1,500,000, of which $400,000 is reserved in the
The
pany, which was incorporated in Sept., 1898, and is building treasury and $750,000 has been taken by the vendors.
a dam to develop the water power of the Kalamazoo River net earnings of the various branches comprising the comnear Allegan, Mich., whence it will supply electricity to pany from June 1 to Oct. 31, 1899, were upwards of $104,Allegan, Kalamazoo and intermediate places, has purchased 000.— See V. 69, p. 132.
the Kalamazoo Gas & Electric Co. W. A. Foote, of KalamaPeople's Telephone Co. of New Orleans.— C/iang^e of Conzoo, is a leading spirit in the Valley Company.
trol
Control of this independent telephone company by
The Kalamazoo Gas Co. with $300,000 of authorized capi- the Cumberland Telephone
Telegraph Co., which see above,
tal stock was incorporated Jan. 8, incorporators including is being arranged.
J. J. Knight of Kalamazoo and J. W. Thompson of Detroit.
Railroad Equipment Co.— Auction Sales Feb. 13.— The
Louisville Bridge Co.—Judgment for $l03,llf3.—K judg- Atlantic Trust Co., as trustee, having declared all bonds of
ment for $103,143 28 and interest for six years on part of the the series below named due and payable, and the said bonds
amount for franchise tax since 1894 was entered against the having not been paid, will sell at public auction, by Richard
company in the Circuit Court, at Louisville, on Jan. 20.—V. V. Harnett
Co., auctioneers, on Feb. 13, 1900, at 12:30
-89, p. 387.
o'clock p. M., at the New York Real Estate Salesroom, at 111

—

—

—

—

&

,

&

— —

THE CHRONICLE.

234
Broadway,

.

.

New

York, the collateral held as security therehaving the par value indicated below:

for, this collateral

LXX.

fVoL.

NEW YORK AMD BROOKLYN TRUST

GO'S.

The reports of most of the companies, for Dec, 31, 1899,
compared with Dec. 31, 1898, and June 30, 1899, were published in last week's Chronicle. The reports for Dec. 31,
—V. 69, p. 909.
1897, and June 30, 1898, are in the Jan., 1899, Investors'
Republic Iron & Steel Q,o.— Earnings.— The company was
Supplement.
The following reports complete the list:
incorporated May 3, 1899, but did not get full possession of
its several properties until June 1.
Up to Jan. 1, 1900, howinternational banking & TRUST COMPANY.
Series.
Dated.
Fledged.
Pledfied. Series.
Bated.
A-b....Mar. 1, 1894.... $727,502 A-a....Aug. 1, J896... $351,529
A-d....Feb. 1, 1894.... 161,017 D-4.. ..April 2, 1894.... 124,00i»
A-e... July 15, 1895.... 476,506 D-24...Jan. 1, 1891....
21,000

ever, the net earnings, in spite of many old contracts that
to be filled, it is gtated, were |3, 714,500; dividends aggregating 33^ per cent on preferred stock, $720,069; balance,
surplus, $1,994,431.
See "Annual Report."— V. 69, p.
1151.

had

Royal Starch Q,o.— Incorporated.

—This company,

with its
principal office at 83 Montgomery St., Jersey City and, with
authorized capital stock of $1,000,000, has tiled articles of
incorporation in N. J. Incorporators: Wallace N. Vreeland,
Daniel E. Evarts, George W. Litterest and J. V. Clark.
St. Paul Gas Light Co.
Extension of Corporate Existence. —The stockholders on Jan. 23 voted to extend the corporate life of the company for fifty years from Jan. 1, 1900.—V.
69, p.

Resources.

Dec. 31. 1899.

Stock investments (market value)

$1,485,000
726,038
373,643
393.943
52,347
514,149
42,858

Amount loaned on collaterals
Amount loaned on personal seourltlea
Due from banks
Cash on hand
Cash on deposit
Other assets
Total

$3,588,032
Liabilities.

Capital stock
Surplus fund

$1,000,000
500,000
28,538
2,055,199
4,294

Undivided profits
General deposits payable on demand
Other liabilities

8;}.

—

Stanley Electric Manufacturing Qo.— Incorporated.
"Engineering News" says:
This company has been incorporated in New Jersey to take over and

carry on the business of the Stanley Electric Co., Pittsfleld, Mass.
capital stock is $2,000,000, and we areinformed that $1,000,000 additional cash will now be put in for the purpose of materially extending the works and business of the company. The management will remain the same, excepting that Dr. F. A. C. Perrlne. of
the Leland Stanford, Jr., University, will be added to the technical
staff. All the stock of the Stanley Electric Co. has, for some time,
been owned by the John A. Eoebling's Sons' Co., Trenton, N. J.

The new

Total

$3,588,032

Supplementary.
Total amount of profits during the year
Interest credited depositors during same period
Expenses of institution daring same period
Amount of deposits on which interest is allowed
Rate of interest

61,212
13,306
34,857
2,055,199

2 to SHap.c.

TITLE GUARANTEE & TRUST COMPANY.
Besourees.

Dec 31 '99

June

30, '99.

Dec. 31, '98.

$4,874,306
1,055.250
200,000
351,048
104,096

175,757

$3,990,949
1,070,250
170,000
6,561
776,807
450,000
5
138,613
t

$7,210,458

$6,603,180

$2,500,000
2,500,000
228,432
21,140
968,190
992,695

$2,500,000
2,000,000
483.668
61,949
664,094
893,469

Susquehanna Iron & Steel Co.— iVb Consolidation.— See
Total
$7,638,708
$7,210,458
& Steel Co. above.— V. 69, p. 1197.
Supplementary.
Union Light & Power Co. of Salt Lake Citj.—Successor. Totalamt. of profits dur'g year $1,342,953
*$715,7S4
Int. credited deps., same per'd.
*18,123
39,016
—See Utah Light & Power Co. below.— V 69, p. 964.
Expens. of instit'n, same per'd
*313,659
615,980
United Gas Improvement Co.— Results in Philadelphia.— Amt.divs. declared, same per'd
237,500
"112,500
See Equitable Illuminating Gas Light Co. above.— V. 70, p. 87. Amt. of dep. on wh. int. allowed 1.946,624
1.445,361
Rate of interest
1 to 5 p. c.
1 to 5 p. 0.
United States Oil Co. Earnings.— The annual report for
the year ended Sept. 30, 1899, shows receipts from sales
TRUST COMPANY OF AMERICA.

$6,603,180

(John B) Stetson Co.— Increase of Stock.— The stockholders will vote in Philadelphia on April 2 on a proposition to
increase the common capital stock from $1,200,000 to $1,500,000.
There is also $1,500,000 8 per cent cumulative preferred
stock.
The official notice says: "The large increase in the
company's business requires the enlargement of its plant; all
the available space in the present plant being utilized to the
greatest advantage.
The board of directors has deemed
it necessary to purchase additional real estate to erect new
buildings." Dividends have been paid on the common stock
in January yearly as follows:
1893
'93
'94
'95
'96
'97
'98
'99
6^
See official statement Chronicle of Nov. 11, 1899, p. 1105.

6444558

Bonds and mortgages.

.'

$5,316,119
Stock investm'ts (market val.)
1,031,250
Real estate (estimated value)
20a,000
Cash on hand
8,243
Cash on deposit
456,154
Plant
450,000
Other assets
176,913
Total

..

$7,638,708

450,<

00

Liahilities.

Capital stock.

Surplus fund
Undivided profits
Deposits intrust
Gen'l dep., payable on demand
Other liabilities

$2,500,000
2,500,000
376,657
70,812
1,258,621
932,618

Atlantic Iron

1638,162; operating expenses, $167,280; net profits, $470,882;
dividends, $318,750; balance, surplus, $152,132.— V. 70, p 180.

Resources.

Dec. 31, 1899.

Bond and mortgagee

$22,500
5,034,258
5,259,200
243,510
11,966
1,316,819
86,444

Stock Investments (market value)

Utah Light & Power Co. of Salt Lake Citj.— Reorganized Amountloaned on collaterals
Company.— This company was incorporated in Utah on Jan. Amount loaned on personal securities
as successor, per plan in Chronicle of July 15, 1899 (page
133), of the Union Light
Power Co. The authorized capital stock is $3,500,000, of which $3,000,000 is 8 per cent non9,

&

cumulative preferred.

Cash on hand
Cash on deposit
Other assets
Total

Incorporators:

L. Snow, G. Q. Cannon, J. P. Winder, J. T. Smith, R. Clawson, L. S.
Hills, T. G. Weber, W. 8. McCormick, R. S Campbell, M. Shepherd, all
of Salt Lake City; J.J. Bannigan, of Providence; W. J. Curtis, of
New York City.

Bonds authorized

are: $1,000,000 (Pioneer) prior-lien 4s;
$750,000 (Union) prior lien Ss and $3,500,000 first consol. 48
(see V. 69, p. 133, 964).

Westinghouse Electric & Mannfacturing.— i^'irsi Dividend on Assenting Stock,— A quarterly dividend of IJ4' per
cent on the $9,367,750 assenting stock
payable Feb. 20.— V. 69, p. 1152.

has been declared,

$11,974,699
Liabilities.

Capital stock. 1

$2,500,000
2,500,000
85,605
6,8 42,854
46,239

Surplus fund

Undivided profits
General deposits payable on demand
Other liabilities
Total

$11,974,699

Supplementary.
Total amount of profits during the year
Interest credited depositors during same period

Expenses of

institution,

same period

Amount of deposits on which

,

,

interest is allowed

,

Weyerhauser Timber Co.— PZaws.—See Northern Pacific Rate of interest
Ry., above.—V. 70, p. 180.
UNION TRUST COMPANY.
Worcester Electric Light Co.—New Stock.— This comResources.
pany has petitioned the Massachusetts Gas & Electric
J>ec.31,'99. June 30, '99.
Light Commission for authority to issue $100,000 new stock,
Bonds and mortgages
$1,644,597
$2,164,783
raising the total issue from $300,000 to $400,000.
Stock invest'ts (market value)
8,445,722
9,740,020
to the death of Mr. Frank E. Wing, the limited
partnership of Charles T. Wing
Co., has been dissolved.
The business of said firm will be continued under the same

&

page

&

$44,445,173

$50,649,509

$43,984,143

$1,000,000
6,168.808
36,670,433
605,931

$1,000,000
5,968,983

718,247

$1,000,000
5.711,702
36.859,173
413,270

$44,445,173

$50,649,509

$43,984,143

"$927,210
*402,634
*107,007

$1,614,385
717,211
212,534
320,000
35.101.869

Total.

Liabilities.

Capital stock

Surplus fund
Deposits in trust

Other

sent on request.

—Spencer Trask & Co. have issued their annual booklet on
steam and street railways, industrials, etc. Copies can be
bad on request.

liabilities

Total

viii.

A selected list of high-grade investment bonds and guaranteed stocks will be found advertised on page viii by
Redmond, Kerr & Co. Prices and special circulars will be

Dec. 31, '98.

32,516,041
1,900,000
2,044,464
1.680.351
603,850

.

name by Henry A. Glassford, Ezra Lincoln, William
Henry Allen, Jr., and William Watson Caswell, all of whom

—

6,673,142
2 to 4 P.O.

Amountloaned on collaterals. 27,383,829
Real estate (estimated value)
1,900,000
Cashon hand
2,527,807
1,632,203
Cash on deposit
911,014
Other assets

firm

are general partners.
E. D. Shepard
Co. offer at prices to net 41 g per cent
$116,000 City of San Luis Obispo, California, five per cent
gold water and sewer bonds, due $2,900 annually on Dec. 1,
1900 to 1939. Particulars are given in the advertisement on

$200,054
76,872
114,839

$1,943,620
7,645,372
27,479.167
1,900,000
3,052.304
1.463,244
500,436

.

—Owing

$1,056,329
28,827
551,437
200,000
893,820
1 to 5 p. 0.

Supplementary.
2,009,175
841,757
222,410
320,000
Amt.ofdep.onwhiohlut.isaird 35,421,579
1 to 4 p. o.
Rateof interest

Tot. am'tof profits during year
Int. credited dep's. same per'd
Exp. of institution, same per'd
Am't of divs.deol'd.same per'd

'

For the six months only, Jan.

1 to

June

42,fl62,279

160,000
41,506.375
1 to 4 p. 0.
30.

1 to

4

p. 0.

February

THE CHRONICLE.

3, 1900.]

236

UNITED STATES MORTGAGE & TRUST COMPANY.
Resources.

June 30.

'99.

Dec. 31, '98

$9,632,008
Stockiuvest's (mamot value)..
4,809,920
Loaued on collaterals
7,320,132
Loaued on personal securities.
643,136
Real estate (estimated value)..
141,076
Cash on hand
27,067
Cast on deposit
3,096,387
Other assets.
604,681

$9,007,4ti7

822,214

$8,184,038
4,694,261
5,049,284
79,535
325,180
30,760
1,807,583
838,850

$26,334,411

$27,919,337

$21,009,497

$2,000,000
2,250,000
162,903
2,758.870
11,026,479
8,136,158

$2,000,000
2,000,000
127.414
3.864,430
11,674,936
8,262,557

$2,000,000
1,500,000
70,338
311,519
10,026,754
7,100,886

....$26,334,411

$27,919,337

$21,009,497

Supplementary.
Tot. am'tof profits during year. $2,384,963
Int. credited dep's, same per'd.
608,553
Exp. of Institution, same per'd.
168,963
Am't of dlvs.deol'd. same per'd.
200,000
Am'tofdep.onwhlchint.i8all'd 11,633,490
Rate of Interest
lto4p. c.

*$1,282,217
*292,491
*96,936
*100,000
13,891,944

$952,112
447,213
146,668
150,000
9,745,505
1 to 4 p. c.

Bee. 31, '99.

Bonds aud mortgages

Total

4,98R,027
10,450,890
117,585
191,000
37,0t>5

2,302,059

Liabilities.

Capital stock
Surplus fund

Undivided

profits

Deposits in trust
General depo.sits, pay. on dem. .

Other liabilities
Total

1 to 4 p.

c.

UNITED STATES TRUST COMPANY.
Hesources.
Dee. 31, '99.

June

Friday Night, February

Stocks of Merchandise.

Pork
Lard

bblB.

Tobaooo, domestio
Brazil
other
Ooffee, Java, &o
Sugar
Ingar
VIolaaaea, foreign
aides
Ootton...

$4,413,500
20,429,039
30,833,533
1,000,000
5,717,486
794,711

$5,061,000
15,356,414
21,994,650
10,229,718
1,000,000
3,838,257
736,419

$77,286,772

$58,216,458

$2,000,000
10,000,000
1,010,632

$2,000,000
10,000,000
881,830

$2,000,000
10,000,000
' 588,559

Sisal

on demand 50,176,021

44,684,041
943,858

close

1,115,635

63,395,055
1,109,887

$64,302,289

77,286,772

58,216,458

14,098,.=i03

. .

Total

$64,302,289
J^iabilities.

Capital stock
Surplus fund

Undivided profits
Deposits in trust and general

Total

Supplem entary.
during year $2,785,910

Tot. am't of profits
Int. cred dep's. same period..
1,108,901
Exp. of institution, same per'd.
132,545
Am't of divs. decld, same per'd
800,000
Amt.ofdep.on which int.lsaird 49,443,835
Rate of interest
Ito 3^2 p. o.

*$1,380,039
"504,941
*69,705
*400,000
60,955,735
1 to 3 p. c.

tos.
tahds.

bags.
baga.

(Toffee,
(Joffee,

Dee. 31, '98.

$4,255,500
Stock Invest'ts (market value). 18,982,053
Amount loaned on coUaterals. 24,101,612
Am'tloanedon pers'l securit's 8,397,348
Real estate (estimated value)
1,000,000
Cash on deposit
6,910,236
Otherassets
655,538

2, 1900.

Healthy business conditions have been reported in most
lines of merchandise, and in some instances a broadening of
demand has been experienced. Trade reports for the month
just closed have been with few exceptions of a favorable
character. Prices for staple products have been well maintaiaed and in some lines higher prices have been established.
The most noteworthy advance has been in cotton, which is now
Coffee and
selling at the highest prices of the season.
sugar values also have advanced to a higher basis. The
news from the South African war has been less of a factor in
speculative circles, and there has been more activity to the
trading in both the commercial and financial markets.

30,'99.

Bonds and mortgages

deposits, payable
Other liabiUtles

COMMERCIAL EPITOME.

mate.
hhds.
baga, &c.
hhds.
No.
bales.
bbls.
bbla.
bbla.

ECoain
Spirits turpentine

txt

baga.

EUoe, E. I
Sloe, domeatio
Linseed....
Saltpetre

bbla,

baga.

baga

futebutta
Manila hemp

bales.
bales.
bales.

hemp

Flour

bbls.

and Backs

Feb.

Jan. 1,
1900.

1,

1900
6,208
14,121
4,500
502,16iS

49,598
118.966
None.
24,092
None.
31,900
128.751
37,469
2,355
1,860
2,200
5.60O
None.
6,700
1,500

200
2,567
96,700

Feb. 1,

1899

7,720
14.1K9
5.203
739,234
38,423
111,760
None.
30,063
None.
37,600
127,077
23,267
3,591
1,750
2,400
6,900

11,805
18,429
5,691
626,565
77,290
88,225
21

None.
4,800
None.
600
3,320
101,300

None.

425
None.
27,500
97,479
23,515
1,865
1,689
4,200
5,500

1.200
None.
18,766
61.984
92,900

Lard on the spot was easier early in the week, but the
was moderately active and higher, at 6'30c. for prime
Western and 5"85c. for prime City. Refined lard has been
quiet, but the close was firmer atl6'50c. for refined for the
Continent.

Speculation in lard for future delivery at the

Western market was quiet early in the week, and prices
$2,420,395 were weaker. At the close there was an active and higher
953,378
monthly stocks showing smaller supplies on
139,288 market on the
800,000
43,546,158
1 to 3

p

handthan expected.

DAILY OLOSINQ PRICES OF LARD FUTURES.
Mon. Tues.
Wed. Thura.
Sat.

.

January
February

WASHINGTON TRUST COMPANY,

6-27

6-17

Fri.

6'10
6-10

615

6'32

1,259,070
5,055,050
53,000
2,002
665,622
70,594

6,538,367
103,000
1,982
841,013
55,881

1,155,058
4,730,300
151,350
2,930
1,024,537
42,098

$7,209,038

$8,519,091

$7,209,373

$500,000
600,000
183,253

$500,000
500,000
149,433

$500,000
500,000
114,008

5,977,489
48,295

7,344,677
24,981

6.078,159
17,106

$7,209,038

$8,519,091

$7,209,373

Supplementary,
Tot. am'tof profits during year.
$310,473
Int. credited dep's same per'd.
143,989
Exp. of institut'n same per'd
46,«27
Am'tof divs. decl'd same per'd
5^,000
Amt.of dep.onwhiohint.isall'd 5,927,257
Rate of interest
lto4p. o.

*$134,746
*67,913
*21,637
"25,000
7,247,287

$231,566
95,121
41,116
40,000
6,035,804

moderate demand and the close was firm
Cutmeats have had a more active
at $10 50@11 for mess.
Tallow has sold slowly and prices
sale and at firmer prices.
have been easier, closing at 5 l-16c. Cotton seed oil was lower
early in the week, but the close was firmer at 37i^@38c. for
prime yellow. Butter has been in moderate demand and
the close was firm. Cheese has had only a limited sale, but
values have been well maintained. Fresh eggs closed firm,
the colder weather having a strengthening influence.
Brazil grades of coffee were quiet and slightly easier early
in the week. At the close, however, reduced crop estimates
from Brazil stimulated buying, and a fairly large business
was transacted, closing firm at SJ^c. for Rio No. 7. West
India growths have been in fairly active demand, and, owing
to light offerings, buyers have had to pay higher prices to
obtain supplies. The close was firm at lie. for good Cacuta.
East India growths have had a fair jobbing sale at firm prices.
Speculation in the market for contracts has been moderately
active.
Early in the week, under realizing sales and bear
pressure, prices declined. Subsequently the crop news from
Brazil turned the market stronger and prices advanced. Final
asking prices were

1 to 3 p.

Feb

7-100.

March

7*1.5c.

Resources.
Dec. 31. '99.

Bonds and mortgages

Pork has been

June

$103,100

Stock invest'ts (market value) .
Amount loaned on collaterals..
Amt. loaned on pers'l securit's.
Cash on hand
Cash on deposit
Otherassets
Total

30,'99.

$103,100
875,748

Dec. 31,'98.

$103,100

Liabilities.

Capital stock
Surplus fund

Undivided profits
Deposits in trust and general
deposits payable on demand.
Other liabilities

Total

.

.

1 to 3 p.

o.

0.

Dec. 31, '99.

$90,000
1,133,068
1,499,473

97,914
49,283
314,687
27,087

1,031,293
900,241
108,346
7,434
118,566
5,048

$3,211,515

$2,260,928

$700,000
350,000
38,561

$700,000
350.000

Cash on hand
Cash on deposit
Otherassets
Total

jM»ie30,'99.
$90,0<'0

Liahilities,

Capital stock

Surplusfund
Undivided prefits
Deposits in trust
General deposits payable on

Other

1,762
2,113,228
7,962

demand

liabilities

Total

407
1,190,893
15,197

$3,211,515

$2,260,928

$73,843
27,315
18,954
2,114,990

*$16,713
*4,870

Supplementary.
Total am't of profits during the year
int. credited depositors during same period.
i^xpenses of institution, same period

Ani t of dep's on which interest ia allowed..
Kate of interest
*

4,431

For the six montlu only, Jan. 1 to June 30.

2to4p.c.

"^7,411

*1.191,301
*2 to Siap.o.

July

Aug

7'35o.
7*40o.
7'50o.

Oct

Nov

7'55o.
7'65c.
7-60c.

Dec
7*30o. Sept
sugars have been in fairly good demand; offerings
have continued light and prices have been firm, closing at
47- 16c. bid for centrifugal, 96deg. test, and 4c. bid for muscovado, 89-deg. test. Refined sugar has been advanced 5c.
per 100 pounds, but demand has been quiet, closing at 5'05c.
net for granulated.
Kentucky tobacco has been sparingly offered and firm.
Seed leaf tobacco has had a fair sale at steady prices. Sales
for the week were 2,755 cases.
Business in the market for Straits tin has been quiet but
values have held to a steady basis, closing at 27*75c. Ingot
copper has been quiet so far as new business is concerned,
but values have held fairly steady, closing at 16*50c. forlLake.
Lead has been quiet but steady, closing at 4'70(a4'80c. for
domestic. Spelter has been unchanged at 4 75(^4'80c. Pigiron in fair demand and firm at $19 50@24 00 lor domestic.
Refined petroleum has been unchanged, closing at 9'90c. in
bbls., 7'25c. in bulk and ll'lOc. in cases.
Naphtha unchanged at 10'65c. Crude certificates have been neglected.
Credit balances have been unchanged at $1 68, Spirits turpentine haa advanced, closing firm at 55)^(ai56c. Rosins have
been steadier at $1 Q2H@l 65 for common and good strained.
Wool has been in slightly better demand and firm. Hops
have been quiet at unchanged prices.

Raw

Resources.
^
„
Bonds and mortgages
Stock Investments (market value)
Amount loaned on collaterals
Amount loaned on personal securities

:

May

WILLIAMSBURG TRUST COMPANY (BROOKLYN).

in

.

.

.

..

COTTON.
P'BIDAY Night, February

1900.

2,

The Movement op the Crop, as indioated by our telegrams
irom the South to-night, is given below. For the week ending
this evening the total receipts have reached 217,451 bales,
against 167,249 bales last week and 166,175 bales the previous
the total receipts since the 1st of Sept., 1899,
7?®f ' ™*^i°g
bales, against 6,854,135 bales for the same period of
^
iooo
i«98-9, showing a decrease since Sep.l, 1899, of 2,092,496 bales.

^

at—

Beeeipts

Mon.

Sat.

Galveston

Tue$.

Wed.

Thurt.

3,286 12,024 11,448

6,424
1,243
7,611 14,956 18,438 21,161
1,445 1,372 4,013
382

Sab. Pass, &c.
New Orleans..

Mobile
Pensacola, Ac.

6,838

4,130

7,263

34

1,482

2,526

1,038

4,851

635

1,550

1,997

146

3,578

790

900

1,970

3,755

2,247

2,159

18
3,556
3,306

253
542

441

262
697

204

501

175

258

258
347
135

1,745

Royal,&c

Wilmington...
Wasli'ton,&o
Norfolk

News, &o.

New York
Boston
Baltimore
PUladel'a, &o..

9,099
18
14,587
3,306

730

215
162
396
112

190

2,304

743
1,371

week 23,896 39,144 48,766 45,910 19.732 40.003 217,451
The following shows the week's total receipts,the total since
Sept. 1, 1899, and the stock to-night, compared with last year.
Tot. this

1899-1900.
Beeeipti to
Feb. 2.

This
week.

1898-1899.

Since Sep.
1, 1899.

Galveston.
47,615 1,406,829
Sab.P.,&o.
2,735
58,477
New Orleans 72,570 1,28'3,316
Mobile....
7,507 153,468
P'saoola, &o.
3,309
96,770
Bavannab.. 35,920 776,674
Br'wlck,&o
6,153
77,905
Charleston..
9,484 192,252
P.Boyal.&c.
1,212
Wilmington.
9,099 229.596
Wash'n, &o.
18
713
Norfolk
14.587 288,394
N'portN.,&c
3,306
20,833
New York.
730
22,265
Boston
2,304
56,462
Baltimore .
743
64,184
Phlladel.&o
1,371
32,289

Thit
week.

Stock.

Since Sep.
1, 1898.

1900.

35,852 2,023,245
1,778
65,509
51,191 1,669,736
4,859 215,728
5,335
158.332
27,653 939,443
6,012
253,543
5,036 337,514
73
23.143
3,253 283,381
23
1,261
12,132 501,314
1,170
20,889
1,607
71,818
13,827 233,684
4,450
25,984
2,162
29,611

1899.

180,624

180,678

398,037
42,154

449,116
33,082

134,231
1,312
23,741

83,642
14,205
20,430

16,089

15,272

41,400
6,050
117,707
50,000
19,0S0
7,556

37,006
1,850
98,9E0
43,000
40,525
8,939

Totals..- 217.451 4,761,639!l76.413 6,854,135 1,037,981 1,026,695

In order that comparison may be made with other years,
the totals at leading ports for six seasons.

we give below
Reeeipti at-

1900.

Galve8'n,&o

37,630
51,191
4,859
27,653
5,109
3,276
12,132
1,170
33,393

54,433
87,831
10,274
23,838
14,075
3,961
7,737
184
20,795

18,664
39,275
5,175
18,510
4,930
2,392
5,476

15,452
46.710
7,058
14,056
12.817
2,525
8,253

403

946

All others...

50,350
72,570
7,507
35,920
9,484
9,117
14,587
3,306
14,610

6,739

5,772

6,631
8,046
21,797

Tot. this wk.

217,451

176,413

223,128

101,564

113,589

155,098

New Orleans
Mobile

Savannah
Ohas'ton, &o.

Wllm'ton, «&c
Norfolk....
N. News, Ac

Stnoe Sept.

1

1899.

1898.

1897.

1896.

1895.

20,403
59,920
6 014
16,160
15,205

922

4761,639 6854.135 6810 987 5641,857 4148.711 6373.463

The exports

for the week ending this evening reach a total
of 147,360 bales, of which 71,420 were to Great Britain, 17,006
to France and 5^^,934 to the rest of the Continent. Below
are the exports for the week and gince Sent. 1, 1899.
Weeh Mndinj Feb. 2, 1900
Mxportea to—

from—

ereat
Br<t'n.

OaWegtOD

.32.218

Sab. Pass, Ac.
New Orleani.

9,593

Mobile

7.146

France

Brunawick

7,914

New York....

Total

26.8^3

1899, to

Exported to—

U8,249 294,363

860
22

£59 434 151.843

Oontinent.

1.091

Total, 1898-09. 92,413

2otai

30.498

88,847

363.8»(5

2,900

7.320

14.420
5,920

106,513
33,070

6,260

6.250

38.894

16.626
84.186

65,552
30.809

13.742

13.374
35.748

34,848

287,532

23.744

203,002

226,746

2-0

17.635
6.441

2.286

19.921

71,308
62.672

10.866

1,494
65,742

7.936
166,906

3S8

izfin
838

940

59

6,778

22,804

910

44.816

53,512
68.560
1.497

4.047
6,',

6,500
17.006

2. 1900.

338 597 1.081,699

1.497

71.420

.

2,900

270
8.082

44.330

Feb

875,133
78.926
80,299
423,948
48.696
133,080

6,920

Boston
Baltimore....
Philadelphia.
SanFran.,fto..

40,426

7,116

Charleston...
Port Royal...

WilmlnKton.,
Norfolk
N'port N.. Ac.

1,

8.319

7.100
...

Sept.

Conti- lotal
Great
France
nent. Week. Britain.

8.208

Pensaoola....

Savannah

From

6.591

1,393

88.375

89.788

68.934 147,860 1,288,264 616.082 1.576.121 8.380.467

24,169 117,PS0 234,462 2.765,262 598.343 8.018..^30 6,37«,036

[Vol.

LXX.

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures for
New York, which are prepared for our special use by Messrs.
Lambert Barrows, Produce Exchange Building.

We

&

ON SHIPBOARD, NOT OLBABED FOB—
Feb. 2 at

New Orleans...
Galveston
Charleston
Mobile

wi$e.

TotaJ.

26,529
23.784
20,000
5,000
6,000

4,155
3,443

6,800
10,000

None.
18,000
None.
None.

43,698
58,051
20,000
5,500
18,000
21,000
7.500
22,000

354,339
122,573
114,231
18,241
24,154
20.400
110,207
78,087

98,113

26,098

195,749

842,232

8,541

4,473
13,814
None.
None.

None.

500

12,000

Total IS 00...

53,251

18,287

Total 1899. .
Total 1898...

65,352
79,155

38,525 93,865 39,528
23,323 113.724 22,904

...

New York

700

Other ports

Mtoek.

Ooatt-

None.
None.
None.
None.

Norfolk.

Leaving

Great
Other
Britain. France. Foreign

17,010
None.
None,
12,000
3,000

Savannah
47,615
2,735
72,570
261
7,507
3,142
3,309
6,965 35,920
342
6,153
9,484
1,380

4,366 10,067
1,492
2,605 7,799

5,873
5,811
1,716

Bmnsw'k,&c
Obarleston

Total.

Fri.

167

Savannah

N'p't

«e

THE CHKOJSICLE.

236

Pt.

e

,

None.

789,422
237,273
239 106 1,060,893

Speculation in cotton for future delivery has been more
active and prices have advanced to the higtiest point of the
season. The continued firtn advices from both the European
and Southern markets have been the principal strengthening
factors. Both the United Kingdom and the Continental. shorts
have been quite generally buying to cover contracts, the
strength of the statistical position and the favorable trade
prospects making them nervous over the situation. The reports received from the South have announced an active demand for actual cotton, with buyers paying full asked prices
to obtain supplies. The crop movement has been fairly full,
but this, it is claimed by bull operators, only reflects the
large volume of business transacted in the South, and it was
further stated that within two or three weeks the fuller
movement will cease and that receipts will then show a
sharp falling off. There has been some broadening of the
outside interest shown in the market, and during the latter
part of the week buying by outsiders for investment account
had a strengthening influence. To day there was an active
and unsettled market. The opening was at a fairly sharp
advance in response to decidedly stronger foreign advices
and foreign buying; then came a reaction under realizing
sales; a rally followed on renewed buying for investment
account. During the afternoon prices again weakened under the amount in sight being in excess of expectations. At
the close renewed buying for foreign account turned the
market stronger, and final prices were 7@8 points higher for
Cottoi»
this crop and 4@6 points higher for the next crop.
on the spot has been firm and higher; prices advanced }sC.
on Thursday and to-day prices were %c. higher, closing at
834'c. for middling uplands.
The rates on and off middling, as established Nov. 15, 1899,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
0. l^e on Strict Good Mid. Tinged. o. 3,gon
Fair
Middling Fair
Even
^ on Good Middling Tinged
ig off
Strict Good Middling
'leon Middling Tinged
QoodMiddllng
^^gon Strict Middling Stain e(^.... \iofI
^^goff Low Middling Tinged
Strict Low Middling
^laoft
IjOw Middling
T^nOtt Middling Stamed
'^g off
Strict Good Ordinary
% off Strict Low Mid. Stained.. . 1 off
ISeoff
Good Ordinary
l^ieoff Low Middling Stained
On this basis the official prices for a few of the grades for
the past week— Jan. 27 to Feb. 2 would be as follows.

—

UPLANDS.

Sat.

Good Ordinary*
Low Middling..
Middling
Good Middling.
Middling Fair...

mon Tnes

ll^ed

615 16

Tb. Frl.

79 16

615j6
79l6

8

8

S

8i«

85ie

85,

85,6

87i8

89l6

73, a

73l8
71316

75,6

77i8
81l8

838

8ifl

811X6

81318
9J4

6l6ie

8%

71l8
7111,

73i8
7isia

8-^8
9
8%
8^
Sat. jnon Tnes IVed Tb. Frl.

GULF.
Good Ordinary.

Low

Middling..
Middling
Good Middling..
Middling Fair .

713i6

8H

9

STAINED.

Sat.

Low Middling...
Middling
Strict Middling
Good Middling Tinged.

73,8
71316

89i6

89,6

9

9

8H

'16

89i6

73,
713,

9

Mon Tues

6S8
79,6

6B8
79,8

7h

7^

8

8

9l8

UTed Tli. Frl.
658
79,8

7ilifl

6'8
713,8

7%

7^

7 ^8

8

8

8

8>«

6=8
79, e

8H
The quotations for middling upland at New York oa
Feb. 2 for each of the past 32 years have been as follows.
1892. ...0. 77,6 1884....0.1051
8Vt
1900...
1876.— C.13
638
515,6

1899.
1898.
1897,
1896.
1895
1894

7H
8H

588
7>5j6
1893...... 97ie

1891
1890
1889
1888

1883
103,6
1882
12
1881
llllifi
1058
1880
13
1887
9^
1879
gifl
1886
93,8
1878
111,6
Ills
1885
1278
1877
MARKET AND SALES.

Spot Market
Globed.

914
1015^6
91&16

Futures

Market
Closed.

St«ady
Saturday.. Steady
Steady
Monday..-. steady
Steady
Very steady.
Tuesday
Steady
Wednesdav
.... ... Very steady.
Steady
Firm
at 1,6 ad.
Thursday..
Steady at lead.. Very steady.
Friday

Sales of Spot

1538
16'8
2138

2259
15i«
2538
29i«

& Oontbact

Ex-

Oon-

Con-

port.

tump.

tract.

4,500

432
44
325
^6
557

4,500

1,884

Total.

4,932

400

444
500

3,900

4.225

!^00

. .

Total.—.

1875
1874
1873
1872
1871
1870
1869

26
557
4,300 10.684

—

1

February

m

THE CHRONICLK

3, 1900,

of

—

At the Interior Towns

the movement that is the receipts
week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
Qorresponding period of 1898— is set out in detail below.
for the

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The above totals show that the interior stocks have deThe Visible supply of Cotton to-nigtit, as made np by
cable and telegraph, is as follows. Continental stocks, as well creased during the week 37,998 bales, and are to-night 93,112
as those for Great Britain and the afloat, are this week's re- bales more than at same period last year. The receipts at all
turns, and consequently all European figures are brought down towns have been 6,868 bales more than same week last year,
Overland Movement for the Week and Since Sept. 1.
to Thursday evening. But to make the total the complete
figures for to-night (Feb. 2), we add the item of exports from We give below a statement showing the overland movement
the United States, including in it the exports of Friday only. for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
1897.
1898.
1900.
1899.
Stock at Liverpool
bales. 669,000 1,756,000 1,050,000 l,a»9,000 Feb. 2 and since Sept. 1 in the last two years are as follows.
ts

to

©

I
'

1*^

I

I

Stock at London
Total Great Britain stock.
Stock at Hamburg
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
,
Stock at Genoa

4.000
5,000
4,000
2,000
671,000 1,760,000 1,054,000 1,304,000
20,000
7,000
18,000
19,000
252,000 *365,000 346,000 206,000
7,000
3,000
1,000
.3,000
300
300
200
300
10,000
8,000
9,000
4,000
265,000 332,000 255,000 244,000
5,000
4,000
4.000
4,000
55,000
67,000
82,000
33,000
43.000
28,000
52,000
45,000
16,000
Sfcook at Trieste
3,000
6,000
12,000
Total Continental stocks.. 677.300 849.200 721,300 606,300
Total European stocks. ...1,348,300 2,609,200 1,775,300 1,910,300
India cotton afloat for Europe
81,000
44,000
26.000
90,000
Amer. cotton afloat for E'rope. 440,000 680,000 684,000 498.000
Egypt, BrazU.&caflt.for.E'pe
29,000
53,000
63.000
36,000
Stock In United States ports. .1.037.981 1,026,695 1,299,999 1,027,257
444,400
Stock in U. 8. interior towns.. 693,030 599,918
569,251
29,018
United States exports to-day..
39,746
33,604
25,741
Total visible supply
3,634,052 5,081,559 4,459,154 4,018,975
Of the above, totals of American and other descriptions are as follows:

American—
Liverpool stock
bales. 546,000 1,643,000
Continental stocks
644.000 801,000
Ajnerloan afloat for Europe... 440.000 680,000
United States stock
1,037,981 1,026,695
United States interior stocks. 683.030 599,918
United States exports to-day..
39,746
25,741
Total American
3,386,752 4,790,359
Ea»t Indian, Brazil, die—
Liverpool stock
123,000 113,000
Londonstock
2,000
4,000
Continental stocks
48,200
33,300
India afloat for Europe
26,000
90,000
agypt, BrazU, Ac, afloat
36,000
63,000
Total East India, &o
247,300 291,200
Total American
3,386,752 4,790,359
Total visible supply
3,634,052 5,081,559
Bilddllng Upland, Liverpool..
3932d.
45^d.
MlddUng Upland, New York. .
8I4C.
65ib0.
Egypt Good Brown, Liverpool
53. ^d.
89ied.
Peruv. Rough Good, Liverpool
l^A.
Q\A.
Broach Fine, Liverpool
3i332d.
49iad.
Tlnnevelly Good, LlverpooL..
S^sod.
45iad.
* Stock corrected last year In February.

i

928,000 1,142,000
686,000 538,000
684,000 498,000
1,299,999 1,027,257
444,400
569,2,51
29.018
33,604
4,200,854 3,678,675

122,000 157,000
5,000
4,000
63,300
35,300
81,000
44,000
29,000
53,000
258,300 340,300
4,200.854 3,678,675
4,459,154 4,018,975
3732d.
Si^ieO.

33i32ii.

47, gd.

b^A.

e^ied.

65i6d

35, ed.
S'led.

Z^^ib^.
SSisgd.

75

1^" Imports into Continental ports week, 109,000 bales.
The above figures indicate a decrease in the cotton

ec

1899-1900.

February

2.

Week.

1898-1899.

Since
Sept.

1.

Week.

Since
Sept.

1.

—

Shipped
Via St. LoalB
........
Via Cairo
Via Paducah. ....... .............
Via Rook Island
Via Louisville....
Via Cincinnati
Vlaother routes, Ac... .......

Total gross overland
Deduct thipmenti—
Overland to N. Y., Boston, Ac.

Between Interior towns
Inland. <&o. from South.

.....

Total to be dedaoted. ........

19,243
5,761
103

506
3,987
2,839
15,420

615,355
157.869

23,058
18,679

8,836
11.168
176.374

418
180

107.182
190,958

7,155
6,118
7,430

695. P67

315.995
13 350
39,628
123,187
104,052
104,552

47,859 1,267,742 63,038 1,396,331
5,148
4,920
2,933

175,200 22,046
5,901
57,639
64,259
3,795

361,097
24,361
38,437

13,001

297,098 31,742

423,895

Leaving total net overland*.. 34,858 970.644 31,296 972,436
Including movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 34,858 bales, against 31,296 bales for the
week in 1899, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 1,792 bales.
1898-1899.

1899-1900.

In Sight and Spinrurs'
Takings.

Receipts at ports to Feb. 2

Net overland to Feb. 2
Southern consumption to Feb.
Total marketed
Interior stocks In excess.

Week.

Since
Sept.

1.

Week.

Since
Sept.

1.

217,451 4,761,639 176,413 6,854,135
34,858 970,644 31,296 972,436
641,000 26,000 582,000
2.. 30,000
282,309,6,373,283 233,709 8,408,571
* 37,998'
449,847 *26,324 495,799

Came into sight during week. 244,311
208,385
8.904",370
Total in sight Feb. 2
6,823,130
North'n spinners tak'gs to Feb. 2. 83,078 1.665,471 73,896 1.557,474
* Decrease during week.
In 1898 the week's movement into sight was 257,773 bales
in 1897 reached 116,131 bales; in 1896 was 130,405 bales, and
In 1895 was 166,791 bales. The totals since Sept. 1 in the same
years were 8,710,681 bales in 1897-98; 7,063,291 bales in 1898-97,
5,659,972 bales in 1895-96 and 8,135,435 bales in 1894-95.
;

in

sight to-night of 1,447,507 bales as compared with the same
date of 1899, a loss of 825,102 bales from the corresponding
date of 1898 and a decline of 384,923 bales from 1897.

..

.

THE CHRONICLE.

238

Quotations for Middlinq Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
OLOSIMO QUOTATIONS FOB KIDDLIMG OOTTON

Week *.nding
Feb. 2

Satur.

GalTeston...

Mon.

Tuea.

758

788

71116

7%

7h

7%

Wednes.

Mobile
8avannab...

7»16
71116
71a
71a

Charleston..

7ifl

7»a
79l6
79l6

Wilmington.
Norfolk
Boston
Baltimore

71a
7i3ie

713
7 '8

8
8

8
8

8
8

Philadelphia

8I4

8I4

8I4

713
758
788
71a
778
8
8
8I4

Aagnsta

788
7»i«
708
7»X6

7^

7%

New Orleans

.

Memphis
Bt.

Louis

Houston
Clnolnnatl..

74

Louisville,.

7=8

7i«
758
758
71a

7 '8

7ii,eai%
768
788
7»ia
788
718

788
753
7*8
788
788

71116
7iiie
788
7^8
788

Thurt.

ON—
FH.

—

7\
7''8

8
8
838

8l8
814

7i3,a
71I1S

8

New Orleans...

713,6
713,6
713,6

Memphis

7"l6
788
7 '8
788

7%
7i«

8

—

We

T'e
788
71I16
783
71a
7^8

7%

Feb. 1, '00.

Feb. 2, '99.

Feet.

Feet.

8ifl

z>
758

LXX.

hundredths of an inch. The thermometer has ranged from
23 to 58, averaging 39.
Greenivood, South Carolina. There has been no rain the
past week. The thermometer has averaged 32, the highest
being 43 and the lowest 21.
Stateburg, South'jCarolina. The weather has been cold all
of the week.
have had light snow on two days, the precipitation being seventeen hundredths of an inch. Average
thermometer 34, highest 52 and lowest 20.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named at
8 o'clock February 1, 1900, and February 2, 1899

7H

713,8

[Vol.

58

Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.

Nashville

Bhreveport
Vlcksburg

14-2

161

23

70

12-0
10-8
39-6

5-8

20-7

English Cotton Industry in 1899, &c.— In our editorial
The closing quotations to-day (Friday) at other important columns to-day, under the above caption, will be found an
Southern markets were as follows.
interesting article by our special Manchester correspondent.
713
Nashville
Colombus.Mlss 7ia
Athens
7%
7iii6
Natchez
78g
Eufaula
India Cotton Movement prom all Forts. The receipts
Atlanta
7%
7ia
714
Raleigh
Little Rook....
Charlotte
7\
of cotton at Bombay and the shipments from all India ports
714
Montgomery... 7'8
Shreveport
OolumbuB. Qa. 714
for the week ending Feb. 1, and for the season from Sept. 1
Weather Reports by Telegraph. Telegraphic advices to Feb. 1 for three years have been as follows:
to us this evening from the South indicate that the tempera
1898-99.
1899 1900.
1897-98.
ture has been lower generally during the week, with light
Reoeipta atSince
Since
Since
Week.
Week.
Week.
snow at a few points. There has been rain also in a number
Sept. 1.
Sept. 1.
Sept. 1.

—

—

of localities, but the precipitation has as a rule been very
Oar Columbus, Miss., correspondent reports that
light.
plantation holdings of cotton are very small in that section,

and from Meridian we are advised that stocks are being
rapidly depleted and that very little cotton is left on plantations and in small towns.
Galveston, Texas.— We have had rain on one day of the
past week, the rainfall being ten hundredths of an inch.
Average thermometer 48, highest 64 and lowest 32. Month's
rainfall three inches and eighteen hundredths.
Palestine, Texas. —There has been rain on one day of the
week, the rainfall being two hundredths of an inch. The
thermometer has averaged 39, the highest being 62 and
the lowest

1

6.

Bombay

528.000 77,000

34.000

685,000 45.000

For the Week.

Since September

—

—

—

—

hundredths.
Meridian, Mississippi. Very little has been done towards
preparing lands for another crop. Stocks of cotton are being
rapidly depleted. Very little cotton is left on plantations
and in small towns.
Vicksbura, Mississippi. We have had rain on one day during the week, to the extent of two hundredths of an inch.
Average thermometer 36, highest 50, lowest 18.
We have had no rain during the
Little Rock, Arkansas.
week. The thermometer has averaged 30, the highest being
47 and the lowest 13.
Memphis, Tennessee. There has been light snow on one
day of the past week, the precipitation being one hundredth
of an inch. Average thermometer 29*8, highest 47*2, lowest 14,
Helena, Ark'anf-as. Very light snow has fallen on one day
of the week. The thermometer has ranged from 15 to 47,
averaging 35'7. January rainfall two inches and seventy-six
hundredths.
Mobile, Alabama. We have had rain on two days of the
week, to the extent of thirty- six hundredths of an inch. The
thermometer has averaged 40 and ranged from 26 to 54.
January rainfall four inches and twelve hundredths.
Montgomery, Alabama. It has rained on one day during
the week, with rainfall to the extent of eleven hundredths of
an inch. The thermometer has ranged from 20 to 47, averaging 34. Month's rainfall three inches and forty hundredths.
Selma, Alabama. We have had rain on one day of the
week, the rainfall being fifteen hundredths of an inch. Average thermometer 38, higest 60, lowest 14.
Savannah, Georgia. There has been rain on four days during the week, the rainfall being thirty-two hundredths of an
inch. The thermometer has averaged 39, the highest being
50 and the lowest 24.
Augusta, Georgia. Rain has fallen on three days of the
week, to the extent of ten hundredths of an inch. The thermometer has averaged 34, ranging from 18 to 48.
Charleston, South Carolina.
We have had rain on four
days during the week, the precipitation reaching forty- nine

—

—

—

—

from—

Great
Britain.

Continent.

Total.

9,000
45,000
15,000

9,000
45,000
15,000

1,000

1,000

Oreat
Britain.

Continent.

—

—

—

—

—

Total.

Bombav1899-'00..

1898-99
1897-98..
.

2,006
1,000

26,000
130,000
66,000

26,000
132.000
67,000

1,000
2,000
2,000

6,000
13,000
9,000

7,000
15,000
11,000

2,606
2,000

1,000
14,000
6,000

1,000
16,000
8,000

Calcutta—
1899-'00..

1898-99..
1897-93..

Madras—
1898-99..
1897-98..
All others—
1899-'00..

1898

i',606

2'6o6
3,000

2,000
4,000

4^606
9,000

12,000
48,000
23,000

12,000
52.000
32,000

i',000

10,000
47.000
18,000

10,000
47,000
19,000

1,000
10,000
14.000

45,000
205,000
104,000

46,000
215,000
118.000

9i*..

1897-98..

Total all1899-'00..

1898-99..
1897-98..

Alexandria Receipts and Shipments op Cotton.—
Alexandria, Fgypt,

January

31.

1899-1900.

1898-1899.

195,000
5,318,000

150,000
4,473,000

1897-98.

Receipts (oantars*) . .

This week
Since Sept. 1

.

...

Thi$
week.

Exports (bales)—
TO Liverpool
ToContinentt

170,000
5,094,000

Since

TM»

Since

Sept. 1.

week.

Sept. 1.

Thi$
week.

Since
Sept. 1.

7,000 187,000 4.000 215,000
5,000 174,000 14,000 208,000

15.000 284,000
13,000 251,000

28,000 535,000 12,000 361,000 18,000 423,000
Total Europe
pounds.
is
98
oautar
A
In 1898-99,
t Of which to America in 1899-1900, 49,407 bales;
22,502 bales; in 1897-98, 24,893 bales.

aIanohbster Market.

— Our

report received by cable

to-night from Manchester states that the market continues
firm for both yarns and shirtings. The demand for India
give the prices for to-day below and
continues good.
leave those for previous weeks of this and last year for

We

comparison.
1898-1899.

1899-1900.

—

—

1.

Mxports

1899-'00..

—

Corpus Christi, Texas. It has rained on one day of the
week. The rainfall has been six hundredths of an inch.
The thermometer has averaged 50, ranging from 30 to 70.
Abilene, Texas. There has been no rain the past week.
The thermometer has ranged from 18 to 60, averaging 39.
San Antonio, Texas. There has been rain on two days of
the week. The precipitation reached five hundredths of an
Average thermometer 45, highest 63, lowest 28.
inch.
Month's raintall five inches and forty-two hundredths.
New Orleans, Louisiana. —Rain has fallen on one day of
the week, to the extent of five hundredths of an inch. The
thermometer has averaged 43.
Shrevport, Louisiana. We have had rain on two days of
the past week, to the extent of ten hundredths of an inch.
Average thermometer 36, highest 50, lowest 17.
Columbus, Mississippi. Plantation holdings are very
small. There has been no rain the past week. The thermometer has averaged 48, the highest being 60 and the
Month's rainfall three inches and fifty-three
lowest 24.

359.000

8I4 lbs. Shirt- Cott'n

32« Cop. ingg,
Twist.
d.

d.

common Mid.
lipids

to finest.
s.

d.

8.

4 11 '3)7
Do. 29 1he ©758
Jan. 5 7i,6a'7iii6 4 11 t»7
-^7
" 12 7li6®7ili6 5
®7
" 19 71^ »7%
5
•• 2fi 714 "9778
5 1^97
5 2 '317
Feb. 2 738 ©8

d.

8
a

9
9

d.

41a
41B32
413
41^32

Twist.
d.

558
589
589
588

d.

8I4 lbs. Shirt Ootfn
ings, common Mid.

Upld»

to finest.
s.

d.

aeia 4 1
®6ia
1
®6l9
1

w6^
5^ ©ess
4% 5% aifiSs

4193.2

2

32,8 Oop.

1

s.

«6
®6
'as

aa

d.

9
9
9
9

lia»6 10
1 la 96 10

d.

3 5*32
3S32
3533
3Sl6
35ia
39.S2

Jute Butts, B.=^gging, &c.— There has been no activity in
the market for jute basging the past weelr. The ruling
quotations this evening are 5i^@55^c. for 13^ lbs. and Sf^®
QUc. for 2 lbs., standard grade.s. Jute butts continue very
Prices are nominally unchanged at l*05c. for paper
dull.
quality and l^^c. for mixing to arrive. From Messrs. Ira A.
Co.'s circular we ascertain that the deliveries of jute
Kip
butts and rejections at New York and Boston during January were 30.198 bales, against 6,250 bales for the same month
Importers and speculators at New York and Boslast year.
ton on January 31 held l,5ii0 bales, against no stock at the
corresponding date in 1899; and the amount afloat for the
United States reaches 142,470 bales, against 59,221 bales last

&

year.

.

February

THE CHRONICLE.

3, 1900.]

Cotton Supply and Consumption

in

Europe.—By

and some suggestions respecting them.

— As

from mail and telegraphic returns, are as follows:

New York— To Liverpool, per steamer

Geor{?ic, 6,771

Total *«'««.
6,771

851

To Hull, per steamer Ohio, 851
To Manchester, per steamer Strabo, 460
To Havre, per steamer La Normandie, 750 upland and 112

Sealslaud
Bremen, per steamer Aller, 904.
Antwerp, per steamer Southwark, 550
Oporto, per steamer Dona Maria. 1,100
Kaiser WUhelm
Genoa, per steamers Hesperia, 323
n..711.,.
To Naples, per steamer Kaiser Wilhelm II., 400
To Bombay, per steamer Clematis, 59
HBW ORLEANS—To Liiverpool—Jan. 31— Steamer Wm. OUfif,

To
To
To
To

460
862
904
550
1,100
1,034

400

—

500

500

^..^

Total...^..^..^

147,360

The particulars

of the foregoing shipments, arranged in
our usual form, are as follows.
Sreat PreneK Qer- ^Otfi.BPrope-^ Mexico,
dr..
Brit'n. portt, many. North. South,
Japan. Total.
59
12,991
New York. 8,082 862 904 550 2,534
100 23,023
44,330
N.Orleans. 9,593 7,914 3,700
Galveston. 32,218 8,20d
40,426
Mobile
7,146
7,146
Pensaoola
2,900
2,900
Savannah.. 7,100
7,320
14,420

Brnnswlck

5,920

Charleston
Norfolk....

Portrd,Me

5,920
6,250

6,250

270

Boston
Baltimore

600

5,156

.

5,000

5,778
1,091
5,000

500

500

1,091

Seattle
Portl'd.Or

Total

270
338

338
22

71.420 17,006 23.330

397 5,500 147,360

1.250 28,457

To Japan since Sept. 1 shipments have been 3,757 bales
from New York, 31.045 bales from Galveston, 25,971 bales
from New Orleans, 9,650 bales from Pensaoola, 14,353 bales
from Savannah and 86,708 bales from Pacific Coast. To
Cluna. 4,399 bales from New York, &c.
Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, &c.
Energia, steamer, from Tacoma for Hlogo, &c., with 3,784 bales of
cotton, before reported at Nagasaki, after oeing ashore, is
reported by divers to have a hole twelve feet square in the forehold below the tank, and the keel, stem and scarfing fractured.
Discharge of cargo is being expedited.
NoviEMBRE. steamer (Span.), which arrived at Barcelona Jan. 11,
from New Orleans, took lire Jan, 20. The hatches were battened
down and steam injected, and the lire was gotten under contr j1.
She had 2,000 bales of cotton still left in her hold at the time of
the Are.
Cotton freights at
as follows.

Uverpool, Mch
Havre.
Bremen March.

. .

New York

the past

Satur.

Man.

Tuet.

c.

25

30

30

30*

30
30
25
25

30

c.

30*

30*

30*

30*

25
25

25
25

27
25

30
27

2713
2712

271a
2713

40
40

42
42

Wednet. Thurt.

Hamburg

c

Amsterdam

c.

27ifl

27ifl

27ifl

27ifl

Rotterdam

e.

2713

27>fl

27»fl

271a

Hamb..c. 38®40

38-3140

38®40

38®40

35
38 940
25
31

35

Reval,

Do
Do

V.

.

c.

V. Hnll...c
V.

38®40 38®40
38®40 38^40

Fri.

30

Copen„c.

Genoa

c.

Trieste, direct... c,

Antwerp

c.

Ghent, V. Antw'p

.

c.

38®40

Qnotatlons are cents per 100
* And 5 per cent.

—

Bat'day.

Spot.

Market,

)

1:45 P. M.^

25
31ifl

lbs.

63,000
2,900

900

37I3

35
38'940
25

35

35-37ifl

38^40

40

25

40
25

3II3

3II3

3II2

83

or tractions of a penny per

Feb. 2

68,000
2,100
2,200
55,000
12,000
75,000
689,000
574,000
64,000
54,000
198,000
156,000

60,000
2,000
3,000
51,000
7,000
79,000
713,000
580,000
73,000
41,000
172,000
144,000

50,000
2,000
1,000
46,000
7,000
85,000
669,000
546,000
71,000
51,000
219,000
188,000

Monday. Tuesday. Wed'day. Thursd'y Friday.

Quiet and Harden'g. Moderate Quiet and Moderate
firm.
firm.
demand.
demand.

Strong.

Sales

26I4

lb.

Liverpool. By cable from Liverpool we have the followIngstatement of the week's sales, stocks, &o., at that port.

42I32

42I32

41932

7,000

8.000

7,000

7,000

500

500

500

500

4=8

Mid. Upl'ds.

Speo.&exp.

458

43i

11,000
1,000

8,000

500

Futures.

Market,

}

Steady at
2-61 ad-

1:45 P. M.J

Steady.

vance.

Irregular
at a
decline.

Irreg. at
2-64 ad-

steady at

vance.

vance.

Firm.

Quiet.

steady.

2-64 ad-

Irreg. at

6-64^7-01
advance.
Irregular

Market,
4 p. H.

Irregular.

I
^

Steady.

and
unsettled

The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.

mon.

Sat.

Jan 27

Tnes.

JJVeA.

Tliarfl.

Prl.

to

12i«
P.M.

Feb. 2

d.

1
P.

H.

d.

4 1:45 4 1:45 4 1:4S 4 1:45 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M P.M.

1:45

P.M

d.

d.

4 32 4 34 4 35 4 35

January

4 28
.. 4 25
Mch. -April. 4 22
April- IViay. 4 18

Jan.-Feb
Feb.-Mch.

May- June... 416
4 13

June- July.

July- Aug... 411
Aug.-Sept. 4 05

3 59

Sept.-Oot...

Oot.-Nov... 3 51

Nov.-Deo..

4
4 30 431 4 31 4
4 274 28 4 28 4
4 23 4 25 4 24 4
4 19 4 21 4 21 4
417 419 4 18 4
4 144 16 4 16 4
4 12 4 14 4 14 4
4 07 4 09 4 09 4
3 58 3 60 3 60 3
3 52 3 53 3 53 3
3 48 3 50 3 49 3

33
28
25
22
20
17
15

14
09
61
54
51

d.

d.

4 34 4 35
4 31 4 33
4 28 4 30
4 25 4 27
4 22 4 24
4 20 4 22
4 18 4 20
4 15 4 18
4 10 412
3 62 4 01
3 55 3 59
3 51 3 55

d.

4
4
4
4
4
4
4

35
32 4 33
28 4 30
25 4 28
22 4 24
20 4 22
18 4 20
416 4 18
4 10 413
4 00 4 03
3 58 3 60
3 54 3 57

BREADSTUFFS.

34
31
29
25
23
22
19

4
4
4
4
4
4
4

4 39 4 39
4 37 4 37
4 35 4 35
4 32 4 32
4 30 4 29
4 28 4 27
4 26 4 25
414 4 21 4 20
4 05 4 12 4 11
3 61 4 03 4 03
3 58 4 00 3 63

^

Friday, Feb. 2, 1900.
Only a very moderate volume of business has been transacted in the local market for wheat flour. A weaker turn to
values for the grain has had an unfavorable influence, having a tendency to make buyers for the home trade indifferent, they confining purchases to such supplies as have been
needed to meet well-defined wants. The export business also
has been quiet, as shippers' limits, as a rule, have been too
low to admit of extensive sales. With the falling off in the
demand and the lower prices for the grain, values naturally
have shown a reactionary tendency. Advices from the
Northwest, however, have reported fair sales to both the
home trade and exporters. Rye flour has had a limited sale
at steady prices. Buckwheat flour steadier, although demand has continued quiet. Corn meal quiet and easier.
Speculation in wheat for future delivery has continued on
a moderate scale only, and the tone has been somewhat unsettled.
Early in the week the upward tendency to prices
continued in fact, on Monday values scored a further advance of %@Jic. This improvement was based on continued
firmer European advices, less favorable weather conditions
in the interior and the improved statistical position.
Tuesday, however, there developed a decidedly weaker tone,
prices for ttie day showing a loss of \%@\}4c. Cable advices
were disappointing, particularly from the United Kingdom,
and there was fairly free selling for Continental account. Tt
also was stated that the reported plague in Argentine would
not materially curtail exports from that country, and that
;

wheat to European markets at under
These developments naturally had a depressing influence, and this, togetner with realizing sales by
recent buyers, resulted in lower prices. Wednesday there
was a steadier market, the unfavorable weather West having a strengthening influence, and there was some buying by
shorts to cover contracts. Thursday the market was quiet,
and prices sagged slightly under tame foreign advices. Business in the spot market has been quiet, as the demand from
exporters has been on a very limited scale. Prices have
followed futures. To-day the market opened easier on quiet
foreign advices. Subsequently, however, there was an advance on less favorable crop news from the West. Spot business quiet. Sales for export here and at outports 153,000 bush.
DAILY CLOSING PRICES OF NO, 2 BED WINTER IN
ITORK.
Sat.
Man. lues.
Wed. Thurs.
Fri,
^
Cash wheat

American

>

bales.

Jan. 26.

57,000
.'.
13,000
Actual export
90,000
Forwarded
* 726,000
Total stock— Estimated
Of which American— Est'd. 604,000
134,000
Total Import of the week
118,000
Of which American
186,000
Amount afloat
140,000
Of which Ajnerican
* 25,888 bales Egyptian deducted upon re-count.
The tone of the Liverpool market for spots and futures
each day of the week ending Feb. 3 and the daily closing
prices of spot cotton, have been as follows.

week have been Argentine was

25
25

,

week

Of which exporters took...
Of which speculators took.

Jan. 19.

59

7,000
7,000
2,593
To Belfast— Jan. 29— Steamer Ramore Head, 2,593
7,800
To Havre— Jan. 30- Steamer Idar, 7,800
3,700
To Bremen— Feb. 1— Steamer Aldgate, 3,700
100
To Antwerp— Feb. 1— Steamor Airioa. 100
Feb. 1
To Barcelona— Jan. 31— Steamer Wilfredo, 7,703
15.401
Steamer Juan Forgas, 7,698
7,622
To Genoa &o.— Feb. 2— Steamer Betty, 7,622
Galveston—To Liverpool -Jan. 26— Steamer Lugano, 8,441
22,995
....Jan. 27 -Steamers Bernard, 6.438; Ida, 8.116
9.223
To Manchester-Jan. 27— Steamer Telesfora. 9,223
8,208
To Havre—Jan. 27- Steamer Maritime, 8,208
7,146
Mobile—To LiverDool— Jan, 27— Steamer Verax, 7,146
2,900
Pbnsacola— To Genoa— Feb, 2— Steamer Roddam, 2,900
Savannah—To Liverpool— Jan. 27— Steamer Ailsavrald, 7,100. 7,100
7,320
To Bremen— Jan. 31— Steamer Nltooris, 7,320
Brunswick-To Manchester—Jan. 30— Steamer Blairmore,
5,920
5,920
Oharlebton—To Bremen-Jan. 26— Steamer Glenwood, 6,250. 6,250
270
Norfolk—To Liverpool—Jan. 27— Steamer Imani, 270
338
Boston— To Yarmouth— Jan. 30— Steamer Boston, 338
22
Baltimore— To Havre—Jan. 24— Steamer Vera, 22
3,702
To Bremen—Jan. 31 -Steamer Ellen Rlokmers, 3,702
To Hamburg— Jan. 26— Steamer Bulgaria, 1,454
1,454
600
To Antwerp—Jan. 26— Steamer Cambrian King, 600
Portland, Me.— To Liverpool— Jan. 27— Steamer Dominion,
1,091
1,091
Seattle—To Japan— Jan. 26-Steamer Riojun Maru, 5,000 ... 5,000
Portland, Ore.—To Japan—Jan. 29— Steamer Monmouthshire,

Sales of the

Sales Ajnerloan

snown on a previous page, the
exports of cotton from the United States the past week have
reached 147,360 bales. The shipments in detail, as made up
SHiPPiNa News.

Jan. 12.

cable

we have received the substance of Mr. Ellison's first of
January cotton review, and in our editorial columns give the
results

233

offering

prices.

NEW

f. o. b
Mch. delivery in elev....

77%

In elev
July delivery in elev

74%

May delivery

76
75i«

7838
7678
7558

75%

7719
75^^
74i8
7414

7713

75 '^s
74ifl
74ifl

77

7538
74i8
74i8

DAILY CL08IN0 PRICES OF NO. 2 8PRINO IN CHICAGO.
Sat.
Mon.
Wed. Thurs.
lues.
68i8
May deUvery in elev
egsg
67''8
67''8
6938
July delivery in elev

Q9H.

70i8

68!%

eS'^a

68I3

7638
74'8

74%
Fri.

68i«
6914

—

:

THE CHRONICLR

2i0

Indian corn futures have been quiet, and while the changes
in prices have been only slight, they have been towards a
lower basis. The weakness in wheat during the latter part
of the week had its influence against the market. Freer offerings from the country and favorable weather in the interior
for an increased movement of the crop also operated against
the market. Business in the spot market has been moderately active, as exporters have been buying, but it has been
at slightly lower prices. To-day the market was firmer in
sympathy with an advance in wheat. The spot market was
moderately active. Sales for export here and at outports
were 480,000 bushels.
DAILY CLOSniO PRICES OF NO. 2 MIXED CORN IN fiK'W
Fri.
Wed. Thurs.
8at.
Mon. Tues.
40i«
40^4
40ia
4014
405g
Cash com, f. o. b
39i8
39
39^8
3858
38%
May deUvery In elev
as's
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN CHICAGO.
Fri.
Wed. Thurs.
Tues.
Mon,
Sat.
33i6
3258
32%
33
33
32%
May delivery In elev
SSSg
331*
3338
33%
SSSs
July delivery in elev
SS^a
been
have
market
delivery
the
Western
for
future
at
Oats
dull and prices have barely changed, with the tone of
Limited selling has been
the market holding steady.

YORK.

No. 2 white in elev

Sl^a

3113

3112

31 »«

fair sales.

Domestic Cotton Goods.— The exports of cotton goods
from this port for the week ending Jan. 29 were 8,317
packages, valued at |282,227, their destination being to the
points specified in the tables below :

BThw

23%

2339

2314

2314

22i6
22ie
22^4
July delivery In elev.... 22%
Rye has sold slowly and prices have shown a
sag. Barley has been quiet and values have

White
No. 2 mixed

GRAIN.
Corn,
~" per bush.—
79''8®8158
Western mixed
77'8'a)7958
No. 2 mixed
76i«'ai78i8
Western yellow
80i8®8l''8
Western white
29 @31
Rye, per bush
Western
31 -3)3413
29i2@30i3
State and Jersey

No. 2 white

31%a)32%

HardDuluth,No.l
N'th'nDuluth,No.l
winter. No. 2.
H'd Manitoba No. 1
Oats— Mix'd, p. bush.

Red

c.

c

c.

Barley—Western

Feeding
|7~ For other tables UHually eiven here see pacre

80
30
55
15
15

o.

3838@4038
38'^8®40^
3978® 4138
39'8®4158

Week. Since Jan.

Great Britain
Other European
China
India
Arabia

York, Friday, P. M., February

New

67
88

4,046

24.611

219
87

"670

26,154

681

6

436

"il2

383

1,720

1,003

4,869
1,342
2,512

18

290

356

232
268

514
796

3,382

1.174
4,603

2,115

6,544

110

509

46

532

8,317

38,099

4,539

44,230

8,317

38,099

4,539

44,250

3,768

Mexico
Central America
South America...
Other OonntrleB....

Total
China, via Vancouver*....
Total
'

Since Jan. 1

88
5

843

Africa
West Indies

From New Ensiana mill nointe direct.
The value of the New York exports for the year to date has

Cheviots, plaids, cottonades and other coarse, colored cottons
strong. Kid-finished cambrics easier. Prints have been in
good request for staple lines at firm prices, but fancies continue quiet at previous prices. All descriptions of ginghams
Dark napped fabrics in
very firm, with a moderate demand
good demand for fall. Regular prints are unchanged at
3J^c. per yard, but no sales reporteo; odd goods steady, with
moderate business.
Foreign Dry Goods.— The demand for dress goods shows
improvement, recent advances in domestic fabrics giving importers a better opportunity to do business. Silks and ribbons firm but quiet. Hosiery in fair request. Linens unchanged but very firm. Burlaps quiet; prices unchanged.

*^»

2 » Wet? d

_u

O

IP

w

Pi

o
o
5
01

IB

d

tp

2, 1900.

business in the cotton goods division of the primary
market has improved somewhat, but the demand on home
account is still quiet, and exporters have continued inactive.
In most directions there is less doing than at the corresponding time last year, but in spite of that the market is in much
better condition now than then. The drain upon current
production to fill existing contracts is heavy, preventing any
accumulation of merchandise of any account, and stocks are
so small as to hamper buyers in their purchases to meet quick
requirements. Prices are firm for all spot goods, and althouoh
there is irregularity in the prices for forward deliveries, the
strength of the market for raw material tends to correct
these. The activity of the jobbing trade is remarkable, and
from all parts of the country reports tell of an unprecedented
distribution of merchandise from second hands. Upon these
reports agents here base expectations of a liberal supplementary demand in the near future. The woolen goods division of the market has again been active, but not in as
marked a degree as last week, and the tone is strong throughout for both men's-wear fabrics and dress goods.
Woolen Goods. A good demand for both plain and fancy
lines of woolen and worsted suitings and trouserings has
again been reported this week, but there has been a falling
off from the extreme activity of last week in business in
medium and low-grade fabrics. Many lines of the latter
have been withdrawn from sale, but new lines of the higher
grade fancies have been opened this week and have kept
buyers well engaged. The general tone of the market continues very strong. Advances of 5 per cent upon recentlynamed open prices have been made in various medium grade
goods, and the new prices on high grades show a rise of from
20 to 38 per cent over the prices of a year ago. In satinets
and low-priced cotton warp and cotton mixed varieties, business compares favorably with last heavy-weight season. There
has been no change of any moment in the heavy overcoating situation, a fair business passing at firm prices. Cloakings quiet throughout. Staple dress goods in free demand

—

16

,

TVccfc.

1.

Importations and H^arebonse ^VltUdrawals of Dry Goods
The importations and warehouse withdrawals of dry goods
58%®60i3
this port for the week ending Feb. 1, 1£00, and since
at
56 ®60
January
1, 1900, and for the corresponding periods of last
50 ®54
42i4®47
year areas follows:
'^13.
g
S

THE DRY GOODS TRADE.
New

Jan. 29.

been $1,404,510 in 1900, against |1,523,292 In 1899.
There has been a better inquiry on part of the home trade
for brown sheetings and a moderate increase in actual business in both heavy and light weights, but the poor demand
for export has kept brown drills dull; sheetings are firm but
Fine grey goods are
drills barely steady at previous prices.
31% quiet, with sellers at current prices. Ducks and brown osna3113
burgs quiet, without change in prices. Bleached cottons are
YORK.
steady throughout; there has been less doing by the manuFri,
Thurs.
2314
23H facturing trades, but jobbers' orders show an increase. Wide
2238 sheetings very firm.
2238
Cotton flannels and blankets and quilts
tendency 'to well sold ahead. Denims still against buyers; some makes
been barely advanced %c. Ticks scarce and occasionally h4c. higher.

maintained.
Following are the closing quotations:
PLOUR.
Patent, winter.... $3 .^0 ®3
Fine
$2 00 'a>2 35
City mills, patent.. 4 00 '94
Superfine
2 20 '312 50
Ryeflour,8uperflne 3 00 ®3
Extra, No. 2
2 30 -312 65
2 50 @2 85
Buckwheat flour.. 2.00 '8)2
Extra, No. 1
Corn meal
2 90 @3 30
Clears
2 10 ®2
Western, etc
Straights
3 40 ®3 70
Brandywine
2 15
3 75 -3)4 50
Patent, spring
(Wheat flour in sacks sells at prices helow those for barrels.)
Wheat, per bush.—

1899.

1900.

York to

NEW

DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN
Wed.
Sat.
Mon. Tues.
delivery In elev....

LXX.

[Vol.

for fall, with a strong market, but only a quiet business
doing as yet in fancies. Flannels and blankets firm, with

reported by the country, but the demand has been sufficient to absorb the offerings and hold prices comparatively
steady. Locally the spot market has been steady. Demand
has been moderately active, and with no excessive offerings
prices have been well maintained. To-day the market was
steadier with other grains. The spot market was quiet but
steedy. The sales for export were 25,000 bushels.
DAILY CLOSINO PRICES OP OATS IN NEW^ YORK.
Fri,
Wed. Thurs.
Sat.
Mon. Tues.
29J4
2912
29^4
29>4
29^4
2914
No. 2 mixed In elev

May

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.

February

THE CHRONICLE.

1900.]

3,

241
Bate,

MUNICIPAL BOND SALES IN JANUARY,
January has proved to be an exceptional one in the municipal bond market. The aggregate of sales was much larger than ever before recorded at this time of year, reaching over twenty
But there were four issues amountmillion dollars.
ing to over 15^ millions in themselves. However,
prices have also greatly improved over those obIt is likewise worthy of
tained in preceding months.
note that the bidding for good securities has become
much more active than it has been for months past.
The number of municipalities issuing bonds during
the month was 91, emitting 118 separate issues, as
against 97 and 104 for December 1899 and 109 and 121
for January 1899.
The largest sale was that of Pittsburg, Pa., which
city on Jan. 25 1900 disposed of $6,000,000 3i per
cent bonds to R. L. Day & Co., New York City, on

The month

of

an interest basis of about 3-21 per cent, the remaining $1,000,000 of the same issue being taken by the
sinking fund of the city for an investment; New
York City's issue of $5,568,483 60 3^ per cent corpor-

—

was awarded on Jan. 23 $25,000 to the
Brooklyn "Eagle," on a basis of 3*08 per cent, and
the remaining bonds to Vermilye & Co. and Harvey
Fisk & Sons, New York, on a 3*09 per cent basis;
Boston's $2,175,000 3| per cent issue was also awarded
to A^ermilye & Co. and Harvey Fisk & Sons, who bid
jointly on a basis of from 3*16 per cent to 3*19 per
cent, the date of sale being Jan. 5 1900.
The last of
the million-dollar sales was that of the Chicago (111.)
Sanitary District, which sold on Jan. 26 $1000,000 4
per cent bonds to a Chicago syndicate on a basis of
ate stock

141.
193.
141.
141.

.Mississippi Co., Mo...

5

.Minster, Ohio

5

.Montrose Co., Colo
Mt, Vernon, N. Y
.Mt. Vernon. N. Y

4^2

Ky

6

.New Orleans, La

5

244 .Munfordvllle,
95.

4
4

193..NewYorkCity{6i8Su'8)

3ifl

193. New York City
142.. North Flatte (Neb.)8ch.
Dist
193.. North Tod awanda,N.Y.
244..0rlean8Co., N.
194. Oehkosh, Wis
194..Patereon, N. J
245.. Paw Paw, Mich

3Hi

Y

245..Peabody, Mass

245.. Pittsburg,
245 Pittsburg,
.

4
4
4
4
4
5
3^2

^M

Pa
Pa

334

194..Pontiac (lU.) 8ch. Dist.
194..Port Gibson, Miss

4
6

194.. Portland, Ore
245.. Portsmouth, Va

6

48

. .

4

Ramsey Co N. Dat,
.

,

(2

issues)

4>fl

96.. Reading (Pa.)Sch.Dl8t.
96..St. Croix Co., Wis
142.. St. Paul, Minn
245.. San Luis Obispo, Cal.
(2 issues)-

Schenectady, N. Y
24K..Schuyler, N. Y
48.. Shelby Co., Ohio
142..Sinclalrville, N. Y
'.^46.. South Hadley, Mass...
246.. Spencer Co.. Ind
194..Starkville, Miss
143. .Taunton, Mass
194. .Toronto, Ohio
144.. Troy, Ohio
195.. Tupelo, Miss
195 Washington Co., Ohio..
1

94

. .

195.. Watertown,

Mass

144..We8tbrook, Me
144.. Worcester, Mass.

S^a

4
3
5
4

4
6
4
3ifl

S^a

5

4
4
5

6
4
4
4

(2 is3ifl

sues)

144.. Worcester. Maes
96..Yonker8, N.
195..Yonker8, N. Y

3^
3^

District

313

Y

313

312
195..Yonkers,N. Y
195..Yonker8 (N. Y.) School

144..Young8town, Ohio

5

Amount.

Maturity.

Price.

20,000 105-648
n910-1920 I
5,000 107-60
2,0(0 108-05
1906-1909
125,300 TTIOO
5,000 102-97
1905
29,000 101-98
1903
2,000 100
1910
200,000 1 00 028
1940
5 109-744
Nov.ll, 1940 3,918,483 1 109-477
Oct. 1, 1919 1,650.000 106-037
5

1915-1934
1901-1903
1920
1910
1901

25,000
85,000
15,000
36,000
22,000
l,.'i00

1901-1907
1906-1930
190:^-1906
1907- 1915

1901-1920
1910
1930

15,000

101-205

110
101-10
108-43
105-85

100
100-50

6,0(1 0,0c O

100471

1,000,000
18,000
7,500
25,000
140.000

100
102-62

10613
110
100-625

1920

35,000

101-525

tl90n-1930
*1915
1901

Ofi.OOO

100

50,000 107-40
300,000 100

1901-1940
1905-1914
1901-1912
1800-1904
1905-1918
1910
1902-1916
11905-1920
Jan. 1, 1920
1920
Sept. 1,1901
11905-1920
1900-1919
1910
1910

116,r00
10,000
6,000
4,150
7,000
20,000
105,000
22,500
15,000
16,000
1,500
15.000
125,000
8,500
4,000

July 1.1919
July 1, 1929

127,000 105-17
170,000 106-77
43,000 100-17
80.000 100-55
7,500 100-051

1903
1901
1908-1910
1900-1902

25,000
3,500

100
106-031
102-93
103-78
103 29

10276
100
100-11
1 2-60
105-62
100-10
103-17
1

105-685
107-045
107-87

102012
100-96

Total (74 municipalities, covering 101
$20,118,620
separate issues)
Aggregate of sales for which no price has
been reported (17 municipalities, cover255,700
ing 17 separate issues)
Total bond sales for January 1900

t$20,374,320

Average of dates of maturity, t Subject to call in and after the
earlier year and mature in the later year. tNot including $1,898,800
of temporary loans reported and which do not belong in theust.
*

^ Less a commission.

3*86 per cent.

we give the prices which were
paid for January loans to the amount of $20,118,620,
issued by 74 municipalities.
The aggregate of sales
In the following table

which no price has been reported is $255,700, and
the total bond sales for the month $20,374,320.
In
the case of each loan reference is made to the page of
the Chronicle where a full account of sale is given.

for

January Bond Sales.
Location.
Rate.
140.. Albion (Cal.)Sch. Diet. 7
94.. Ashland, Ohio
5
191..Baton Rouge, La
4
2t2..Bayonne, N. J
4
94..Beiea, Ohio
4
46..Bo8ton,Ma88. (2 issues) 3^
46.. Boston, Mass
313
46..Boston,Ma8s. (2i88ue8) 313
140. .Buffalo, N. Y
312
191..Chicago(m.)San.Di8t. 4
46.. Cleveland, Ohio
4
140 Cleveland, Ohio
4

Page.

140. .Cleveland, Ohio........ 4
312
140..Cohoe8, N. Y
94.. Colorado Springs (218-5 4
sues)

242.

Cumberland

14.

Co.,

N.J.

141..Day Co.,S. Daft
94..DelawareCo.,Ohio...,
94..DelawareCo., Ohio....
141.. Detroit, Mich
191.. Detroit, Mich
94.. East Cleveland, Ohio..
192. .Elizabeth, N.J
192..Elkin8, W. Va
192..FaU River, Mass
141.. Fitohburg, Mass

j

,192..Geneva, N. Y
l»2..Geneva, N. Y.
192. .Hamilton, Ohio
192. .Hamilton, Ohio
243. .Indianapolis (Ind.)Soh.

'

413
5
5

5
3»fl

3^2
4I2

4
5
313
3ifl

313
S^fl

414

4

Maturity.

$1,000 105
1902-1907
5.500 10520
11909-1939
55.000 lOl-SO
1906
75,000 101
1902-1913
12,000 10218
Jan. 1, 1930 1,476,( 00 106-382
Jan. 1, 1905
300.000 101-43
Jan 1,1940
400,000 107-697
1901-1920
200,000 10298
1901-1920 1,000,000 101-175
1933&1935
500,00J 115329
1913
100,000 108 91
1920
1C0,000 112-14
Jan. 1,1937
2,426 104-24
tl915-1930
80,000) ^"^
mi-oa
'^^
tl910 1915
60,000 (
1903-1907
5.000 105-81
1910
7,000 104-14
1900-1904
8.600 102-61
1900-1904
2,704 104-10
1930
150.00U 106-.'i4
1930
200,000 107-30
26,000 100-^6
Jan. 1, 1910
45,000 101-50
tl912-1930
25,000 102-70
Feb. 1, 1930
100,000 10663
Dec. 1, 1922
12,000 100^911
41,500 102 33
*1905
22,500 100-65
1901-1910
16,616? ,^-.^,0
8,0115^
1908

Dist
141..Itaska, Texas

312

243..Jeffer8onCo.,Ohlo
243..Joplln-'Mo.) 8ch. Dist.
192. .Kingston, Pa
l92..KiDg8ton,Pa
i41..La Crosse, Wis
l92.. Lawrence, Mass

6
4

H910-1920

413
5

tl905-l915
tl901-1904

i92..Lowellville, Ohio
46.. Marquette,
,41.. Marquette.

Mich
Mich

43..Marshanto'wn. Iowa...

1927-1928

5

3^
4
6

4
4
4

Amount. Price.

1901-1911

1920
1905-1919
1901-1916
1910

1910
!1910-1920

100,000 1O5-0O1
6,500 100
44,000 108
29,000 101-65
5,300?, ^i.-^
4,000 5^"'^''"
42,000 103-34
40,000 111-215
8,000 116-03
21,500 103
20,000 102-10
34,000 101-102

California.—Special Session of Legislature.—The State
Legislature convened in special session on Jan. 29, 1900, for
the purpose of electing a United States Senator and enacting
otber laws.
Cuyahoga County, Ohio,— Decision in Armory Bond Suit.
—On Jan. 27, 1900, Judge William R. Day, in the United
States Circuit Court, handed down a decision in the suit
brought by the New York Life Insurance Co, to recover on
bonds purchased by them originally issued by this county
for an armory. As was stated at length in the Chronicle
on Nov. 11, 1899, the Supreme Court of this State some time
ago declared that the law under which the county issued
these bonds (the amount being $225,000) was unconstituThe present suit was brought under an Act of the
tional.
last General Assembly, which provided for the reimbursement of the holders of bonds issued under unconstitutional
This suit Judge Day has now decided adversely to the
acts.
complainants, holding that the new statute was not applicable to the case at all and that the purchasers of the bonds
would be taken in law to be subject to the familiar rule
which requires persons dealing with the acts of public
officials to take notice of the limits of their authority.
The Court further said that the bondholders would have
recourse by getting possession of the building which was
erected with the money advanced by them, but not without
a special action in equity.
It is stated that the case will be appealed.
Illinois.— Tate Decision.—On Jan, 12, 190O, the State Supreme Court handed down an opinion declaring unconstitutional Section 49 of the new revenue law, which recently
became operative. The section referred to reads as follows
In counties containiDg 125,000 or more Inhabitants the amount to which any
:

county, city, township, school district or municipal corporation shall be allowed
become indebted, in any manner or for any purpose, shall not hereafter exceed 2H% on the assessed value of the taxable property therein, to be ascertained by the last assessment for State and county taxes previous to the incurring of such indebtedness.
In any municipality or taxing district, in any county or counties containing a
pspulation of 125,000 or more inhabitants, in which the aggresate of the levees
or taxes certified to the County Clerk exceeds b%, a reduction shall be made fcp
the County Clerk in the taxes so certified bo as to reduce the aggregate of such
taxes to b%. * * *
to

of the constitutionality of the Act came up in
Henry Stuckart, Assessor, of South
obtain possession of the assessment
Clerk. The Court holds that the law
the exception of Section 49, quoted
above. This section the Court declared invalid on the ground
that it was special legislation applying only to Cook County

The question

an action brought by
Town, who sought to
books from the County
is valid, however, with

—

:

—

:

——

—

THE CHRONICLE

242

—the

———— —

only county in the State with a population of over

125.000.

We

quote that part of the Court's decision which bears
directly on this point
are put upon cities, townships, school districts and
other municipal corporations simply because they are within Cook County,
in
the State with a population of more than 126,000.
which is the only county
There can be no reason in the nature of things why a city, village, school district or other public corporations in that county should be deprived of powers
that a similar corporation situated in some other county is permitted to exercise. It is an arbitrary and unnatural classification of municipalities not different in population, needs or requirements, and exercising the same general
powers in other respects. For instance, the municipality of Evauston, with
the same duties and responsibilities, exercising the same functions and with the
same needs as cities of similar population throughout the State, is denied the
powers which are allowed to others. The cities of Springfield, Joliet, Aurora,
Kockford and others of that class of about the samp population as Evanston,
are free f om the restrictions of this Act as to indebtedness and the levy of
taxes. So. also, there are villages in Cook Countv of lesser population, corresponding in size with other municipal corporations all over the btate, and
which have not greater responsibilities. The fact that some such villages are
In Cook County affords no grounds for a restriction upon th,em, while others of
the same class outside of the county may incur an indebtedness of 5% of the
equalized assessment, and may levy taxes to the lulljimit prescribed by gen-

By this Act restrictions

I

There is no escaping the conclusion that the provisions of Section 49, above
quoted, are void.

With Section 49 stricken out of the law, the indebtedness
of cities, etc., in Cook County will be limited, as heretofore,
by the constitutional provision found in Section 13 of Article
IX., which fixes the limit at 5^.
Indianapolis (Ind.) School District.— Bond Lttigation.—
Suit has been instituted by Campbell, Wild & Co., Indianapolis, and taken to the State Supreme Court, to restrain the
Board of School Commissioners from issuing the $100,000
3}4% bonds, bids for which were received on Jan. 31, 1900.
The suit was brought to decide the validity of the bonds and
to determine the authority of the board to sell the same.
It is the contention of the plaintiffs that the indebtedness
of the city and that of the school board should be added together in computing the 2% of indebtedness when applied to
either the city or the board.
See result of the sale of these bonds elsewhere.
Santa Fe County, N. Mex.— Bond Compromise. —Through
the kindness of Mr. Max Frost, Editor of the Santa Fe "New
Mexican," we have at hand a detailed report of the committee of citizens appointed to adjust the bonded indebtedness of this county. As stated in the Chronicle Jan. 20,
1900, this committee recommends that the indebtedness of
the county be compromised on a 25^ basis, payable in new
4% bonds redeemable in 30 years. The indebtedness of the
county is estimated at $914,893 74 as follows
$681,039 00
Santa Fe County bonds
:

*188.15rt 42

Unpaid coupons

[Vol.

LXX.

Bellows Falls, Vt. Bonds to be Issued— Thia place proposes to issue bonds for the improvement of the water supply.

—

Boston, Mass. Bonds Proposed. The State Legislature
has under consideration a bill authorizing this city to borrow
$350,000 outside of the debt limit, for the improvement of
Stony Brook.
Bonds Proposed. This city seeks legislative authority to
issue outside of the debt limit .$1,000,000 bonds for school
purposes in 1900 and $500,000 in each of the four years following.
Cambridge (Yt.) School District.— Bonds to be Isstied.—
This district will place on the market about July 1 an issue
of $8,000 school-house bonds.
Canton, Ohio. dond Q^ermg.- Proposals will be received
until 12 M. Feb. 17 by Louis N. Ley, City Clerk, for the fol-

—

—

lowing bonds
$40,000 refunding bonds, in denomination of $1,000, dated Feb. 1, 1900. Principal will mature $16,000 in 12 years, $15,000 in 16 years and $10,000 in
38 years.
3,600 1-5-year bonds for improvement of various streets, in denomination of

$720 and dated

March

1,

1900.

Seventh Street improvement bonds, in denomination of
$500 and dated March 1, lOuO.
4,000 1-10-vear East Eighth Street improvement bonds, In denomination of
$400 and dated March 1, 1900.
4,000 1-10 year East Ninth Street improvement bonds, in denomination of
$400 and dated March 1, 1900.
5,000 1-10-year East

The above bonds

will bear interest at a rate not exceeding
payable semi-annually. The refunding bonds are issued
under authority of Section 2701 of the Revised Statutes of
Ohio and the street-improvement bonds under sections 2704
and 2705. Bidders must be satisfied as to the legality of the
bonds before bidding. A certificate of deposit from the First
National Bank of Canton for $1,500 must accompany bids for
the refunding bonds and one for $500 those for the streetimprovement bonds. Bids must be made on blank forms furnished by the City Clerk.
Cerro Gordo County, Iowa. Bond Ofering. This county
will receive until Feb. 15 open bids for the $75,000 3}4% 5-10year (optional) court-house bonds voted at the election held on
Nov. 7,' 1899. The vote at this election was 1,777 in favor of
the bonds and 1,260 against. Securities will be dated April
1,1900; interest will be payable semi-annually at the office
of the County Treasurer. A certified check for $2,500 will
be required with each bid.
Cerro Gordo (111.) School District.— Bonds Fo^ed.- This
district has voted to issue bonds for a new high-school build5%,

—

ing.

—

Chicago, 111. Bonds Authorized. The City Council has
passed an ordinance providing for the issuance of $100,000
?00 09 bridge bonds.
It is stated that these bonds were authorized
$914,893 74 in order to test the power of the city to issue bonds to the
Total
extent of 5% of the actual valuation of the city. Under the
• Does not include interest on coupons.
compromise of 25 cents on the dollar would make the head of Illinois elsewhere mention of a decision of the Suindebtedness $228,723, the principal and interest on which preme Court will be found whereby Section 49 of the new
the county can reasonably hope to pay. The taxable valua revenue law was declared invalid, thereby keeping the limit
tion of this county has steadily decreased during past of indebtedness for Chicago at 5%, as provided for in the Conyears, the value in 1891 being $2,912,028 and in 1899 but stitution. The point at issue now is whether the limit means
full value of all property contained in the city or
$1,753,527. The present indebtedness is over one-half of the 5% of the
the
taxable value, which under the new law was fixed
b%
of
total valuation and the interest rate on the bonds varies
from 5 to 8 per cent. The County Commissioners have at one- fifth of the full value. A friendly &uit, it is stated,
adopted the committee's report and directed that they cor- will be instituted as soon as bonds are offered for sale.
Chicago (111.) Sanitary District. Bond News.— In the
respond with the bondholders, who are represented by W.
Co., New York City, looking to an adjustment Chronicle last week we stated that the $1,000,000 4^ bonds
N. Coler
Co.,
of this district had been awarded to N. W. Harris
on this basis.
Sonth Carolina. Biennial Sessions Proposed. The House Chicago, at 101 175. We are now advised, however, that the
has passed a resolution providing for the submission to the bid was a joint one, composed of the following Chicago
Co., Mervote of the people an amendment to the State Constitution houses: N.W.Harris & Co., Farson, Leach
Trust Co. and The Illinois Trust
Savings
making the sessions of the Legislature biennial instead of chants' Loan
Bank.
annual, as at present
Chicopee, Mass. Loan Authorized.— On Jan. 1, 1900. an
order was passed granting the City Treasurer authority to
Negotiations this borrow $25,000 in anticipation of the collection of taxes.
Proposals
Cumberland County, N. J. Bond Sale.— On Jan. 30 the
week have been as follows :
$5,000 4^^ 3-7-year (serial) insane-asylum bonds were awarded
Aberdeen, Miss.— Bonds Authorized by House. A bill to the sinking fund of Atlantic City, N. J., at 105 81 an inrecently passed by the House of the State Legislature perterest basis of about 3-23^. Following are the bids :
mits the issuance of bonds for refunding purposes.
City Sinking Fund... $5,290 60 Jno. D. Everitt & Co., N. Y. .$5,182 75
Atlantic
Akron, Ohio.—Bond Offering. This city will sell at public Cumberland
R. Klevbolte & LC, Phila
5,170 00
Tr. Co., Bridgefollowing
March
the
street
m.
3
bonds
auction at 10 a.
5,228 25 S. A. Kean, Chicago
5,100 00
ton

Floating deot
Interest on same
School districts— Cerrillos and city of Santa Fe
Interest

22
^HSi
4,^7o7-J
29,333 70

A

&

&

—

&

&

Bond

&

and

—

—

—

. .

:

$3,000 5% street-improvement bonds in denomination of $600 and maturing one
bond yearly.
900 53? sewer bonds in denomination of $300 and maturing one bond yearly.
700 5% sewer bonds maturing $300 in one year and $800 In two and three
years.

Securities are dated March 3, 1900. Interest will be payable semi-annually at the National Park Bank, New York

of bonds see Chronicle last week, p. 191.
Danvers, Mass. Loan Authorized. At a town meeting
held on Jan. 22 the report of the Finance Committee authorizing the Town Treasurer to borrow not exceeding $75,000

For description

—

was adopted.
Denver, Colo. Description of Bonds. On Jan, 16 Mayor
H.
V. Johnson signed the ordinance providing for the issuwill
further
This
city
sell
on March 10 an
Bond Offering.
the $4,700,000 bonds voted last fall for water purissue of $120,000 street-improvement bonds, of which due ance of
bonds will be in denominations of not exceeding
These
poses.
notice will be given.
Albany, N. Y.— Bonds Proposed.— The Board of Estimate $1,000. Interest will be at a rate not exceeding 4j^. payable
and Apportionment has passed a resolution requesting the semi-annually at the office of the City Treasurer or at the
Common Council to authorize the issuance of $150,000 re- Mercantile Trust Co., New York City. Principal will ma-

City.

—

—

funding water bonds, to bear date Feb. 1, 1900.
Albany County, N. Y. Bond Offering. John A. Howe,

—

ture in 15 years, subject to call after 10 years,
Detroit, Mich. Bids.— Following are the bids received on
Jan. 25 for the $300,000 3}4% 30-year gold water bonds

—

County Treasurer, will offer for sale at his office in Albany at 12 M., Feb. 15, $38,000 4^ refunding war-loan bonds. Emory Wendell,
Jr.,

Securities are in denomination of $1,000, dated March 1,
Interest will be payable semi-annually and the princi1900.
pal will mature $1,000 yearly on March 1 from 1901 to 1918,
inclusive, and $20,000 on March 1, 1919.
Bayonne, N. J.— Bond Sale.—The $75,000 4% 6-year gold
improvement bonds, bids for which received on Jan. 2 were
rejected, hare been awarded at private sale at 101.

:

Detroit. .$814,600 00
Albany County Sav. Bank.. 214,60000
Geo. H. Holt & Co., N. Y.... 214,644 •^0
214,113 to
K. L. Day & Co.. Boston.
Detroit Sink. Fund Coramis. 213,950 00
213,780 00
Bstabrook & Co., Boston.
218,710 00
Jos.K. Gavin. Buffalo.,
213,640 00
Boston
Co.,
Adams &
.

.

.

. .

As stated last week, bonds
dell of Detroit at 107-30.

Farson, Leach & Co., Bost.. $218,620 CO
Blake Bros. &Co., N. Y
213,620 00
N. W. Harris & Co., Chicago. 2l»,281 00
E. H. Kollins & Sons, Bost.. 218,280 00
W. J. Hayes & Song. Cleve.. 813,140 00
Clinton N. Field & Co., N. Y. 212,714 >
Denison, Prior* Co., Cleve. 212,600 00
Lamprecht Bros. Co., Cleve. 211,578 00

were awarded to Emory Wen-

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February

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THE CHRONICLE.

3, 1900.]

East Lirerpool, Ohio. Bond Offering.— FroT^oaala will be
received until 12 m., Feb. 10, by J. N. Hanley, City Clerk,
for $29,329 &% street improvement bonds, as follovps
:

— MatuTtty March

1901.
11,630

Pennsylvania Ave. bonds
Bradshaw Ave. bonds
Franklin Ave. bonds
(irant St. bonds
Basil Ave. bonds
St. bonds
St. bonds

Total

1.

Total

.

19oa.

IflOS.

11*04.

1905.

iBiiue.

$1,786
1,314

$1,S40

$l,9f)0

12,086

1,394

1.477

1,566

483
626
350
340
622

612
557
H7i

542
690
H94

610
063
44a

367
659

3(-8

575
026
417
412

$9,227
6,990
2,722
2,961
1,974

4:<7

1,!*60

699

';40

786

3,505

$5,202

$3,515

$5,847

$6,197

1,1540

SprluK

Bank

—— — — —

$6,568*29,329

Securities are in denominations as above, one bond of each
series maturing yearly. They are dated March 1, 19C0.
Interest will be payable annually at the office of the City Treasurer. Each proposal must be accompanied by a certified
check on some national bank for 2% of the amount of bid.

243

to The Lamprecht Bros. Co., Cleveland, at 108— an interest
Co.,
basis of about 4'465$?. Other bidders were Spitzer

&

Toledo; Meyer & Riser, Indianapolis; W. J. Hayes & Sons,
Cleveland; New First National Bank, Columbus; Denison,
Prior & Co., Cleveland; Feder, Holzman & Co., Cincinnati;
First National Bank, Smithfield, and the National Exchange

For description of bonds see Chroniof Steubenville.
cle last week, page 192.
Joplin (Mo.) School District.— Bond /Saie.— On Jan. 26
the §29,000 4^ 10-20-year (optional) refunding bonds were
awarded to Seasongood & Mayer, Cincinnati, at 101 •65—an.
Following are the bids
interest basis of about 3"80^.
Seasongood & Mayer, Clncin. $29,478 00 Denison, Prior & Co., Cleve. .$29,250 CO
W.J. Hayes & Sons, Cleve.... •29,712 00 Duke M. Farson, Chicago.... below par

Bank

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Bid conditional and therefore rejected.

Other bids were received, but did not contain a forfeit as
Temporary Loa7t.— This city
from local banks |20,000 in anticipation of the sale of the required. Securities are dated Feb. 1, 1900, and the interest will be payable semi-annually.
above street-improvement bonds.
Lowellville, Ohio.— .fiids. Following are the bids reusual
The
order
Authorized.
proLoan
Everett, Mass.
on Jan. 23 for the $8,000 G% 1-16-year (serial) electricceived
viding for a loan of $350,000 in anticipation of the collection
bonds
light
Council.
the
City
of taxes has been passed by
Feder, Holzman & Co., Cin. .$9,282 40 S. Kuhn & Sons, Cincinnati... $8,642 50
Fall River, Mass.— fiids. We give herewith a full list of W.
9,081 00 Atlas Nat. Bank, Cincinnati... 8.400 00
J. Hayes & Sons, Cleve
the bids received on Jan. 24 for the $100,000 d}4% bonds Seasongood & Mayer, Cincin... 9,016 04 C. N. Field & Co., New York... 8,356i00
8.967
50 S.A. Kean, Chicago
B'k,
Columbus...
8,340 00
Nat.
1st
awarded, as stated last week, to Estabrook & Co., Boston, at New
Denison Prior & Co.. Cleve... 8.888(-8l R. Kleybolte & Co.. Cincin.... 8,305 00
106-629
8.128 00
Lamprecht Bros. Co., Cleve... 8,886 60 First Nat. Bank, Niles
Meyer & Kiser, Indianapolis.. 8.800 UO Briggs, Todd & Co., Cincin.... 8,081 00
106-629 Blodget, Merritt & Co., Bo8ton..l06-06
Estabrook & Co., Boston
8,747 00 First Nat. Bank, Youngst'wn. 8,000 00
Spitzer & Co., Toledo
B. H. Kollins & Sons, Boston... 106-3W7 Adams & Co.. Boston
lOO'o*
105-60
C. S. Cummings & Co., Boston.. .106-19
Fall Kiver Savings Bank
As stated last week, bonds were awarded to Feder, Holz106-16
104-895
Blake Bros. & Co., Boston
W. J. Hayes & Sons, Cleve
man & Co., Cincinnati.
106-135
N. W. Harris & Co.. Boston
Luray, Ya. Loan Bill Passes House.— In order that this
Temporary Loan. This city has borrowed temporarily
may borrow, a bill was introduced in the State Legistown
$20,000 for use of the Highway Department.
Frankliu Township, Essex County, N. J.— Bonds Author- ture and has passed the House.
Lynn, Mass. Bond Authorized. The City Council on Jan.
ized.
The Township Committee on Jan. 24 passed a resoluauthorized the issuance cf $25,000 4% water bonds. Se16
tion authorizing the issuance of $3,000
10-year emergency bonds, to cover expenses incurred in laying sidewalks. curities will mature Jan. 1, 1930.
Bonds Proposed. An ordinance has been introduced in
Securities will be in denomination of $500 and the interest
the Board of Aldermen providing for a loan of $240,000 for
will be payable semi-annually.
Fremont School District, Dodge County, Neb —Bond street improvements.
We are advised by Mrs. M. E. Reynolds, Secretary Mabel (Minn.) School District.— Bonds Voted. At an
Offering.
of the Board of Education, that the $39,000 10-20-year (op- election held on Jan. 27 the issuance of $12,000 high-school
tional) high-school bonds voted last November will be sold bonds was authorized.
Maiden, Mass.— i>oan. Authorized,— On Jan. 3, 1900, the
at private sale and that offers would be received about April
Government passed orders authorizing the City TreasCity
1 for the same.
Interest will be payable eitber annually or
semi-annually in New York City. The bonded indebtedness urer to borrow $300,000 in anticipation of the collection of
has borrowed temporarily

—

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—

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—

m%

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of the district is $48,000.
Geneva, N. Y. Bids. —Following are the bids received on
Jan. 23 for the $41,500 S}4i paving bonds and $22,500 d}4%

assessment bonds
$41,5C0

$22,600

Paving Bonds. Ass'ment Bdf.

160-65
102-33
& Co., New York
101-61
W.J. Hayes & Sons, Cleveland
101*14
100-13
Denison, Prior & Co., Cleveland
100-00
Isaac W. Slierrill, Poughkeepsie
100-63
Rudolpti Kleybolte & Co., New Fork
100-60
The following bids were received for the entire $64,000

N.

W.

Harris

•

bonds
AUen. Sand & Co., New York.. .100-86
R. B. Smith & Co.. New York... 100-60
.

[

Lamprecht Bros.

Co.,

100-28

Cleve

100-27
New York
As stated last week, bonds were awarded to N. W. Hariis
&Co., New York.
Gettysburg, Pa. Bond O^eringi.— Proposals will be received until Feb. 7 for the purchase of $8,000 4% bonds. Securities are in denomination of $500.
Grand Haven, Mich.— Bond Offering. Proposals will be
received until 7:30 p, m., Feb. 7, for the $22,000 4}4% parkimprovement bonds which were authorized at an election
held last week. Bonds will mature part yearly on June 15
1

Geo. M. Hahn,

—

taxes.

Bonds Proposed.— On Jan. 23, the Common Council
adopted an order to petition the State Legislature for authority to borrow $200,000 for surface drainage.
The Council
also ordered that $8,0( be borrowed for cemetery purposes.
Manchester, N. H. Loan Authorized. The Common
Council has authorized the City Treasurer to borrow $300,-

—

000 in anticipation of the collection of 190

taxes.

— This city,
stated,
seeks legislative authority to issue $60,000 bonds.
Marion County, Mo.— Bonds Voted. —At the election held
Marion, Ohio.

Bonds Proposed.

it

is

on Jan. 23 the issuance of $100,000 bonds for two new court
houses was authorized by a three-fourths majority.
Marshalltown, Iowa.— Bond Sale. This city has awarded
to N. W. Harris & Co., Chicago, an issue of $34,000 i% 10-20year (optional) refunding bonds at 101 102, according to reports. This sale is on a 3*866^ basis, considering its optional

—

period.

—

Melrose, Mass.—ioan Authorized. A loan of $25,000 has
been authorized by the Board of Aldermen in anticipation of
the collection of taxes.
Bonds Proposed. This town seeks legislative authority to
issue $100,000 i% bonds.
Miami County (P.O. Troy), Ohio. Bond Offering.— Proposals v)i\\ he received until 12 m., Feb. 17, by J. T. Bartmess, County Auditor, for $9,600 5% pike bonds as follows

—

from 1920 to 1925, inclusive.
Hagerstown, M^.— Bonds Proposed.— U the bill now before
the State Legislature passes, this town will be able to issue
bonds for street extensions.
Pike bonds maturing $600 on July 1, 1900; $600 Jan. 1, 11901, and
Hampden County, M.a,ss.— Temporary Loan. This city on $4,700 Kirk
$5i)0 each six months thereafter.
Jan. 30 borrowed $100,000 at 3-35^ interest. Loan matures
4,900 Bollinger Pike bonds maturing fOvO each six months from July 1, 1800,
Nov. 5, 1900.
to Jan. 1, ly02, inclusive, ana $500 each six months thereafter.
Hartford, Conn. Bonds Authorized.— It is stated that the
The above bonds are issued under authority of Sectiou
City Treasurer has been authorized to borrow $27,000 for 4846, Revised Statutes of Ohio. They are dated Jan. 1, 1900.
two new engine houses.
Interest will be payable semi-annually at the ofiBce of the
Hoiyoke, Mass.— Loan Authorized. At a meeting of the County Treasurer. A cash deposit or certified check for
Board of Aldermen held recently the City Treasurer was $100 will be required with each bid.
authorized to borrow not exceeding $450,000 in anticiMilton (Pa.) School District. Bonds to be Issued. This
:

—

—

—

pation of the collection of taxes.
Bonds Proposed.— The issuance of $95,000 3}4% school
bonds is being considered in the Board ot Aldermen.
Indianapolis (Ind.) School District.— Sond Sale.— On
Jan. 31 the §100,000 d}4% funding bonds were awarded to Rudolph Kleybolte & Co., Cincinnati, at 103- 101. Following
are the bids
R. Kleybolte & Co.. Cincin. $105,001 00 Meyer & Riser, Indian'lis... 5102,230 50
Western German B'k, Cin.. 104,600 00 Seasongood & Mayer, Cin
102,166 80
Mason, Lewis & Co., Chic
1 03.800 Oo
Briggs, Todd & Co.. Cincin.. 102,070 UO
Denison. Prior &Co.. Cleve. 103.750 00 Farson.Leacb &Co.,Cliicago. 101-880 01
Feder, Holzman & Co., Cin. 103,656 60 N. VV. Harris & Co., Chicago. 101,81100
Bonds mature $5O,CO0 July 1, 1927, and $50,000 July 1, 1928.
For full description of bonds see Chronicle Dec. 23, p. 1314.
These bonds were sold conditional on the decision of the Supreme Court in a suit brought to restrain the board from
issuing these bonds, as given elsewhere.
Ionia, Mich.— Bo7ids Authorized. This city has been authorized by the State Legislature to negotiate a loan for
$30,000 for the purpose of refunding water bonds issued in
.

.

.

.

.

—

1883.

Jefferson County, Ohio.—Bowd Sale.— Oa

Jan.

$44,000 6^ 1-11-year (serial) free- turnpike bonds were

30

the

awarded

district will issue early in the spiing

bonds.

about $20,000 of school

—

Milwaukee, Wis.—Bonds Proposed. The Finance Committee of the Common Council has decided to recommend
the issuance of $50,000 bonds for the completion of the Kinnickinnic flushing tunnel and $60,000 bonds for a new school
house.
Bond Offering.— Pro-posa\s will be received until 10 a. m.,
Feb. 8, by the Commissioners of the Public Debt, care of
John R. Wolf, City Comptroller, for $160,000 3% street-improvement bonds. Securities are in denomination of $1,000,
dated Jan. 1, 19(10. Interest will be payable Jan. 1 and July
1.
Principal will mature $8,000 yearlv on Jan. 1 from 1901
to 1920, inclusive.
Mitchell, S. Dak. Bond Offering.— Proposals will be received until 4 p. M March 5, by J. K. Smith, City Auditor,
for $80,000 bonds issued to refund a like amount of securities
at a lower rate of interest than 1%, which they now bear.
Securities are in denomination of $500, dated April 1, 1900.
Interest will be payable semi-annually at the office of the
City Treasurer. Principal will mature in 20 years, subject
to call after 10 years. Securities are issued under authority
,

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THE CHRONICLE.

244

of Chapter 51, Laws of 1899, and their validity has been
established by the State Supreme Court, as stated in the
Chronicle Dec. 9, 1899, on page 1310.
Montgomerj County, Ohio.— Sowds Authorized by Senate.
The State Senate has passed a bill providing for the issuance of $135,000 levee bonds.
Munfordville, Kj.—Bond Sale.— On Jan. 9 the $3,000
10-year street-improvement bonds were awarded to S. A.
Dean, Chicago, at par.

—

H

LXX.

[Vol.

Bends Pz-oposed.— At a special meeting of the City Counheld on Jan, 19 it was voted to petition the State Legis-

cil

lature for authority to issue $50,COO sewer bonds outside of
the debt limit
Nortli Tonawanda, N. Y. Bids. Following are the bids
received on Jan. 25 for the $85,000 4^ school-house bonds
W. J. Hayes & Sons. Cleve
llO-OO
Farson, Leach & Co., New York. 108-50
Feder, Holzman &Co.. ClDcin...l09-75
10£>'125
Lamprecbt Bros. Co., Cleve
N. W. Harris & Co.. New York..l09":J3
.104-^6
Deniaon, Prior & Co.. Cleve.
Farmers & Mech. B'k, Lockp't.. 108-83
[. W. Sherrill, Poughkeepsie....l02-67
Jos. B.Gavin, Buffalo
108-:i5
First Nat. Bank, Tonawanda. .102-3.3

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Nansemond County, Va.— Bonds Authorized by House.— B. B. Hmitb & Co., New York.... 107 82 Seasongood & Mayer, Cincin....l01'lll
The issuance of $10,000 bonds has been authorized by the
As stated last week, bonds were awarded to W. J. Hayes
House of the State Legislature.
Sons, Cleveland,
&
held
meeting
town
Voted.—
At
Bonds
a
Nangatuck, Conn.—
Norwood,
Mass.— Bonds Projjosed. This town has asked
on Jan. 17 it was voted to issue $30,000 4^ school-house bonds.
authority of the State Legislature to issue $25,000 bonds for
will
and
therefore
These bonds will be dated Sept. 1, 1900,
the extension of the water- works system.
not be sold for some time.
Norwood Special School District Nos. 3 and 17, ColnmNewark, N. J. Bonds Proposed. The City Hall Commis- hia and Millcreek Townships, Hamilton County, Ohio.—
sioners will shortly have introduced in the State Legislature Bond Offering — Proposals will be received until 12 m,, March
j

I

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—

a

authorizing the issuance of $1,500,000 30-year bonds

bill

for a

new

city hall.

—

Newburyport, Mass. Loan Authorized. An order authorizing a temporary loan for $160,000 in anticipation of
taxes has been passed by the City Council.
New Haven, Conn. Temporary Loan. This city has negotiated a one-year loan for $100,000 with Rogers, Newman
Tolman, Boston, at 8'70^. Loan bears date Jan, 20, 1900.
Newton, Mass. Loan Authorized. The Board of Aldermen has passed an order authorizing loans to amount to not
more than $800,000 in anticipation of the collection of taxes.
New Ulni, Minn. Bonds Re-awarded. We are advised
that the $20,000 4% refunding bonds awarded to the "Western
National Bank, Cincinnati, on Dec. 5, 1899, have been reawarded to the State of Minnesota at par, the city reserving
the right to pay the same at any time within twenty

—

&

—

—

years.

Norfolk County, Va.— Bonds Authorized by Legislature.—
The State Legislature has authorized the issuance of bonds

1, by E, R. Edwards, Clerk Board of Education, for the
$35,0C0 4^ bonds voted at the election held on Dec, 16, 1899.
Securities are in denomination of $500, dated March 1, 1900.
Interest will be payable March 1 and Sept. 1 at the Atlas
National Bank, Cincinnati. Principal will mature yearly on
March 1, $1,000 from 1913 to 1917, inclusive, and $2,000
yearly from 1918 to 1932, inclusive. These bonds are issued
under authority of sections 3991, 3992 and 3993, Revised
Stiatues of Ohio,
certified check for $1,750, drawn without conditions on a national bank in Cincinnati and made
payable to the Treasurer of the Board of Education, must
accompany each proposal,
Orleans County, N. Y.—Bond Sale. On Jan. 26 a 4^ bond
for $15,000 was awarded to the Union Bank of Medina at
lOl'lO— an interest basis of about 3"45?. Following are the
bids
Union Bank of Medina
$15,165 00 Medina National Bank
$15.037 50

A

—

15,0i0 .^0
Farm.&Mec.Sav.Bk.,Lockp't. 15,150 00 M. M. Mavlns
Chas B.Hart
15,125 00 Clinton N. Field & Co., N. Y.. 16,009 Ou
W.J. Haves & Sons. Cleve... 15,10000 S. A. Kean, Chicago
15,(0000
15,UC0 00
Geo. M. Hahu, New York.... 15,06i 50 Rochester Savings Bank
The above bond is dated Feb. 1, 1900. Interest will be
payable annually at the office of the County Treasurer. Principal will mature $5,000 yearly on March 1 from 1901 to 1903,
inclusive.

for various purposes.

North Adams, Mass. Loan Authorized.- At a meeting of
the City Council held on Jan. 3, 1900, the Mayor and City
Treasurer were authorized to borrow not exceeding $150,0(0
n anticipation of the collection of taxes.

NENAM-OANS.

NJ|\AM-OANS.

NiENAM-^ANS^

SSOjOOO

^40,000

^i,soo,ooo

Township

SCHOOL BONDS.
Sealed proposals will be received by the Board of
Trustees of School District No. 7 (Central Union) in
the County of Essex, Bloomfield, New Jersey, up to
8 P. M. on Tuesday, Feoruary 13, 1900, for all or any
part of an issue of $50,000 school bonds.
The bonds will be coupon bonds for §1,000 each,
dated January 15, 1900, and will bear interest from
that date at the rate of four per cent per annum,
payable semi-annually, January 15th and July 15th_
Botti principal and interest payable In lawful money
at the Bloomfield National Bank, Bloomfield, N. J.
The bonds will be numbered from 140 to 189, inclusive, and will be payable as follows
One bond shall become payable on January 15,
1905, and one bond each year thereafter up to and
including January 15, 1926.

Seven bonds

TOWN OF

of Bloomfield, N, J.,

shall

become payable January 15,
become payable January 15,
become payable January 15,
become payable January 15.

1927; seven bonds shall
1928 seven bonds shall
1929 seven bonds shall
;

;

1930.

Proposals must be accompanied by a certified
check, payable to the order of the District Clerk of
School District No. 7 (Central Union), in the County
of Essex, for five per cent of the par value of the
bonds bid for.
Proposals should be addressed lo William A. Baldwin, District Clerk, 444 Broad Street, Bloomfield,
Essex County, New Jersey, and endorsed "Proposals for School Bonds."
Bids will be opened at 8:15 o'clock P. M. at the
room of the Board of Trustees in the High School
building on Tuesday evening, February 13, 1900.
The Board of Trustees reserves the right to reject
any or all proposals.
The bonds will be ready for delivery at the room
of the Board of Trustees in the High School building at two o'clock P. M., on Saturday, February 24,
1900, at which time and place purchasers must receive and pay for the bonds, including accrued interest from January 15, 1900, to the date of payment.
These bonds have been approved by the AttorneyGeneral of the State, and are issued under the
authority of an Aci entitled "An Act to establish a
system of public instruction," approved March 27,
1874, and supplements thereto and amendments
thereof, and by the consent of the inhabitants of
said district lawfully given at a meeting lawfully
held on December 29, 1899.
Bloomfield, N. J., January 24, 1900.

THOMAS CAKES,

President.

WM. A. BALDWIN.

District ( lerk Board
School District No. 7

of Trustees of
(Central Union) in the County of Essex.

West New York,

CITY
N.

SCHOOL BONDS

FUNDING BONDS OF

'

approved June

14,

1898

;

said

bonds

will

bear Interest at tbe rate of four per cent per annum,
payable semi-annually, and m;iy be either registered
or have coupons attached for the payment of each
half-year's interest, at the option of the purchaser;
said bonds will be thirty in number, and will be lor
the sum of thirteen hundred and thirty-tbree and
33 1-3-100 dollars each
the bonds will bear date
March 8. 19i,0, and will be delivered on that day, and
will become due and will be payable as follows
Thirteen hundred and thirty-three dollars and
33 1 3 cents thereof on the eighth day of March, 19.-3,
and thirteen hundred and thirty three dollars and
33 1- 3 cents thereof annually thereafter.
The bonds.will be sold to the person or corporation
offering the terms most advantageous to the town,
'i'he bonds will be delivered to the purchaser on the
eighth day of March, 1900, on receipt of toe price
;

:

bid.

Each proposal must be accompanied by a deposit
of three per cent of the amount of the bid. which
deposit mav be either in money or certified check to
the order of the town, for which deposit the receipt
of the Town Trensurer will be given; the deposits of
unsuccessful bidders will be returned immediately
after the award of the bonds is made; the deposit of the successful bidder will be retained and
will be applied as part payment of the purchase
price, or in case of failure to complete the purchase
within the prescribed time, the bonds will be again
advertised for sale, and all costs and expenses attending such re-advertising, as well as all Toss sufered by the town on account of such failure, will be
retained out of and deducted from such deposit, and
the balance returned lo the depositor.
All proposals must be enclosed in sealed envelopes, which shall be endorsed " Proposals for School
Bonds."

No

conditional bids will be received.
All bids that do not comply with the terms stated
herein will be considered infoimal and will be rejected.

By order of the Town

Council.

FRANCIS K TONN,
Town Clerk.

AUSTI^f. Jan. 10. 1900.
Notice is hereby given that all Harrison County,
Texas, Comromisc Riilroad Subsidy bonds will be
paid on preseiualion ai the Treasury of the State
of Texas.
Interest will cease after April 11, 1900, ou allbonds
not previously called.
R.
FINLEY, Comptroller.

W

1900.

.

Sealed proposals will be received by the Town
Council of West New York, at the Town Hall,
Bergeiiline Avenue, near Pierce Avenue, in said
town, on Thursday, February 8, 1900. at eight
o'clock P. M., for the purchase of forty thousand
dollars
School Bonds" of said town, to be issued
under the authority of the Act of the Legislature of
New Jersey, entitled "An Act to wuthorize the purchase of lands and the construction of schoolhouses thereon, and the Issuing of bonds to raise
money to pay the cost of the same, in the towns ot
this state,"

TACOMA

OF

J.,

Wednesday, February

P. M.,
of the CITY
OF TACOMA, Washington, will open bids for bonds
to take up and cancel outstanding warrants.

the

14, IfOO, at 2 o'clock

SINKING FUND COMMISSION

"SBlilES A."

"SERIES

B,"

BONDS OF
BONDS §500

1,000

400

$1,000

each;

EACH;

TOTAL

ISSUE. $1,2< 0,000. Dated February 15, 1900. payable
February 15, 1920, interest semi-annually, at the
Fiscal Agency of the State of Washington in New
York City.
Bonds will be sold at not less than par and accrued
interest to day of delivery and to the person bidding
to take the same at the lo'tvest and best rate of
interest. All bids must be accompanied by duly
certified check in the amount of two per cent of the
bonds bid for, on a responsible bank of Tacoma,
Washington, payable to the order of W. A. Sternberg, Treasurer.

any and
"

all bids.

The
For

right

oflicial

is reserved to reject
advertisement see the

Tacoma Daily Ledger," commencing January

10.

Blank proposals and circulars can be had at the
office of the UNITED STATES MORTGAGE &
TRUST CO., 59 Cedar Street, New York City.
For other information address,

ALFRED

LISTER, City Controller,
Fund Commission.

Secretary of Sinking

Tacoma, Washington.

Custer County,So.Dak.,
BONDS.
Notice is hereby given that the Board of County
Commissioners of Custer County, South Dakota,
will receive bids for the sale of $26,569 of the bonds
of said county, at the adjourned meeting of said
board, Thursday, February 15th, ISXK). Said bonds
to be payable twenty years from date, or at option
of County ten years after date.
All bids to be in
writing, and to be on file with the County Auditor
on or before the 15th day of February, 1900.
The Board reserves the right to reject any or all
bids.

Byorderofthe Board

of

County Commisstouers,

Custer County, South Dakota.

W.

A.

SMITH,

County Auditor, Custer,

So. Dak.

—
February

THE CflKONICLK

3, 1900.]

Paterson, N. J.— fitrfs.— Following are the bids received
on Jan. 24 tor the $22,000 4<g 10-year renewal bonds
105'85
N. W. Harris & Co., New York. .104-87
Estabrook & Co., Boston
101-4fi6
Lamoreclit Bros. Cc.Cleve
H. Kleyoolte & Co., Cincinnati. .105'39
105-19
Hamilton Trust Co., Paterson. .104-26
McCully &Co., Patereon
103-777
York.
New
Co.,
105-063
Kdw.
Jones
&
C.
Jno. D. Everitt<!kCo..N. Y
As stated last week, bonds were awarded to Estabrook &
.

1

I

Co., Boston.

Fanldin? County, Ohio.-Bonds Proposed.— Thia county
seeks legislative authority to issue $35,000 bonds for bridge
purposes.
Pawnee, OklA.— Bond Election— Kn election will be held
in the near future to vote on the question of issuing $15,000
water-works bonds.
Paw Paw, Mich.—Bond Sale.— The Council has authorized the issuance of a 5^ one-year bond for $1,500 for a new
dynamo. The bond was sold on Jan. 11, 1900, to the First

National Bank of

Paw Paw

245
They were,

to be issued was reduced to $3,235.
awarded as above.

therefore, re-

Portsmouth, N. H.— Loan Authorized.— At a meeting of
the City Council on Dec. 28, 1899, the Mayor was- autboiized
to borrow such money as may be reeded until taxes are due.
Portsmouth, Ohio.— Bond 0/eringf.— Proposals will be
received until March 1 for $20,000 4^ 20-year sewer bonds.
Securities are in denomination of $1,000, dated March 1,
Interest will be payable March 1 and Sept. 1 at the
1900.
are advised by Mr. E.
Ohio National Bank, Columbus.
in some of the tinanreport
the
that
Clerk,
City
R. Walsh,
cial papers that this city would sell on Jan. 25, 1900, an issue
bonds was erroneous.
of $7,500
Portsmouth, Va.— Bond Bill Passes House.— An iesne of
bonds has been authorized by the House of the State Legis-

We

H

city advertised for sale on Dec. 27, 1899,
bonds. These securities, we
redemption
30-year
$140,000
are advised, have been awarded to Feder, Holzman & Co.,
Cincinnati, at 100-625— an interest basis of about 3-965^. For
dcFcription of bonds see Chronicle Dec. 16, 1262.
Quincy, Mass.— Loan Authorized —At a meeting of the
City Council held on Jan. 15 loans to the amount of $300,000

Bond Sale.— This

H

at par.

Peabody, Mass.— A'ame of Furchaser.—The $15,000 d^%
water loan, which we stated in the Chronicle on Jan. 20
had been sold, was awarded to Rogers, Newman & Tolman,
Boston, on an interest basis of about 3-35^. Bonds mature
$3,000 in one year and $2,000 yearly thereafter.
Pittsburg, Pa.—Bond Sale.— On Jan. 25, $6,000,000 of the were authorized in anticipation of the collection of taxes.
$7,000,000 bonds of this city were awarded to R. L. Day &
Ramsay Township, Ont.— Debentures Fo^ed.-This townCo.. New York, at 100-471 for S}i% bonds— an interest basis ship recently voted to issue $11,500 debentures.
of about 3 21^. The remaining $1,000,000 was taken by the
Rochester, N. Y.—Loan Awarded.— On Jan. 31 this city
city for an investment of the sinking fund. The following
awarded a temporary loan for $275,000 as follows
were the other bids received, all being for 8%% bonds
Myron W. Greene.Roch $50,000@4-25^ Security Trust Co.
*129-2S?f
f Irf
103961 Harvey Fisk & Sons, New York.lCSlS
R. L. Day & Co., New York
75,O0t)®4-55%
50,000@4-50^ Kochester Trust Co
:

:

B. D. Shepard
Co., N.

Y

I

&

$7,O0O,o0O bd8.102-653
6.000,000 bd8.l03-07

5

I

I

Dollar Sav. Bank, for $500.0t0. .100-00

Mass —Loan Authorized.— The sum

Pittsfleld,

of $175,-

000 has been authorized in anticipation of taxes for the year
1900.

Bonds Prcposed.— The Board of Aldermen has directed the
Mayor to petition the State Legislature for authority to issue
$150,000 bonds to refund outstanding notes.

Bonds Refused

Pomeroj, Ohio.

— Bonds

Re-awarded.

—

& Mayer,

Cincinnati, have been awarded an issue
of $3,235 A^% paving bonds at par. These bonds are part of
an issue of $6,000 bonds which was awarded on Nov. 21, 1899,
to the New First National Bank of Columbus, which bank
afterwards refused to take the securities when the amount

Seasongood

eater

James Carothera & Co.,I'ltt8b'K.10a'77

(

i

(

|

Besides the above, bids were submitted as follows
Rochester Trust Co.... fl75,000@4-55^ Central Bank
'^SP-SPS®^?
75,0(0@5*
Flour City Nat. Bank
50,000@5JS
Myron w! Greene
Loan matures in four months.
Salem, ya,.—Bonds Authorized by Senate.— The State
S^natse has pasfed a bill which gives this town authority to
issue refunding bonds.
San Luis Obispo, CaL—-Bond Sale.— This city has sold the
$80,000 5% 1-40-year (serial) gold water and $36,000 5% 1-40Co New
year (serial) gold sewer bonds to E, D. Shepard
:

I

|

&

&

MSfVESTM^^
SPITZER & CO.,

INVESTMENTS.
Government and
Municipal Bonds

BOUGHT AND

SOLD.

EXCHANGE OF ABOVE SECURITIES.
r,ISTS ON APPIilCATION.

W. HARRIS &

NASSAU

ST. (Bank

ot

Dealers in High-Grade

Bonds. Investment Securities,

Grade

Making a

SEND FOR

CO.,

Commerce Bids.)

NE W LO AN.

LISTS.

35 Congress Street, Boston.

REFUNDING BONDS.

&

CO.,
NEW YORK,

CINCINNATI, OHIO.

EAST THIRD

ST.

1

NASSAU

ST,

o%

EDW.
NEW

PUBLIC SECURITIES

JONES &

C.

YORK.

PHILA.,

-

1
-

CO.,

NASSAU STREET.

112 SO.

-

FOURTH

ST.

LISTS MAILED ON APPLICATION.

Leach &

CHICAGO,
00 Dearborn

We

ofler

lVE\|r
St.

Co.,
YORK,

Bell

Telephone

Licensee Companies.
Prices and particulars on application.

E. H.
19

and

Co.,

BROADWAY

•

ROLLINS & SONS,
miLK STREET, BOSTON.

Perry, Coffin

Sc

CO.,

R.FULTON & CO.,
Municipal Bonds,

171

la salle street,

CHICAQG.
MUNICIPAL BONDS.

NEW YORK.

E. C.
121

Burr,

INVESTMENT BONDS,
6o State Street,

BOSTON.

53 Broadway.

-

Members New York and Chicago Stock Exchanges.

RAILROAD

&

-

LAMPRECHT BROTHERS

SECURITIES.
71

City,

A 11 securities having a Cleveland market bought
and sold.

35 Nassau St.

bonds secured by First MorignKe
on the properties ol

American

MUNICIPAL

&

197 Superior Street.

-

EASTERN BRANCH:

F.

SAVINGS BANK AND TRUST Charles Whann
FUNDS.
DEALiERS IN
Farson,

CleTeland, Ohio,

New York

SUITABLE FOR

1

BONDS.

AND DESCRIPTIVE CIRCULAR UPON SAVINGS

BRIGGS, TODD

Co.,

AND OTHER HIGH-GRADE

FOR

BANKS and TRUST FUNDS
BONDS A SPECIALTY.

Bros.

MUNICIPAL

Investment Securities

APPLICATION.

36

Spitzer Bnilding, Toledo, Ohio.

The Lamprecht

FORT WAYNE, INDIANA,
PRICE

Specialty of

Western Municipal Bonds.
20 NASSAU STREET, NEW YORK.

121 Euclid Avenue, CleTeland.

8171,000
3y2%

BANKERS,

HEAIjEItS IN

High

BANKERS,
31

[Established 1871.1

DENISON,PRIOR&CO.

APPRAISBMBNTS MADE OR QUOTATIONS
FURNISHED FOR THE PURCHASE. SALE OR

N.

,

City, at par. These bonds were awarded to N. W.
Co., Chicago, last fall, but as stated in the ChronHarris
icle Jan. 20, 1900, the negotiations fell through.

York

Stanwood &

Co.,

BANKERS,
Devonshire Street,

_^

BOSTON.

Devittj

Tremble

&

Co.,

MUNICIPAL BONDS.
Flrat National

Bank

Building,

CHICAGO.

—

—

:

——

THE CHRONICLE.

246

Sant<a Ana Scliool District, Orange County, CaJ.— Bond
Election. The election to vote on the question of issuing
$30,000 school-house bonds will be held on Feb. 27.
Schenectady, N. Y. Bids. Following are the bids received
on Jan. 25 for the $10,000 i% 5 14year (serial) fire-loan bonds:

Springwells Township, Mich.— Bond Offering.— By a vote

—

As

I.

of lu6 to 67, this township on Jan. 24 authorized the issuance
of the $20,000 bonds which were provided for in a bill recently passed by the State Legislature. Proposals for these
bonds will be received until 2 p. m. to-day (Feb, 3) by John
Warncke, Township Clerk (P. O. Woodmere).
They are
in denomination of $500. dated Feb. 5, 190U.
Interest will be
at the rate of A%, payable semi-annually in gold at the Delray Savings Back. Priocipal will mature Feb. 5, 1920.
Strjker, Ohio. Bond O^eriny.— Proposals will be received
until 12 M., March 3, by William C, Grey, Village Clerk, for
$20,000 4^ street- improvement bonds. Securities are in denomination of $1,000. Interest will be payable Feb. 1 and
August 1 at the office of the "Village Treasurer. Principal
will mature $1,000 yearly on August 1 from 1901 to 1920, inclusive,
deposit in money or a certified check for $200
will be required with each bid.

W.Sherrill. Poughkeepsie... .105-25
IWel
Sons, Cleve

W. J. Hayes &

i

Schenectady Savings Bank
C. H. Imhoff. New Vork
S. A. Keau, Chicaao

1U4-10
103-37
102-00

I

stated last week, bonds were

New

awarded

to Allen, Sand,

LXX.

1911 and $9,000 from 1912 to 1916, inclusive. For full description of bonds see Chronicle Dec. 30, p. 1358.

—

Allen, Sand & Co., New York. .106-031
Jjamprecht Bros. Co., Cleve
105*76
Seasongood & Mayer, Cincm....l05"334
Oeo. M. Hahn, New Vork
105'29
Dunscomb &Jennlson, N. T
105'27
R. Kleybolte & Co., New York..lt5-27

[Vol.

&

York.
Schuyler (Town), Herkimer County. N. Y.—Bond Sale.—
On Jan. 29 the $6,00iJ
1-12-year (serial) bonds were
awarded to Isaac W. Sherrill, Poughkeepsie, at 102-93. For
description of bonds see Chronicle Jan, 27, p. 195.
South Hadley, Mass.— Bond Sale.— An issue of $20,000 3^^
lOyear school bonds has been awarded to Jose, Parker & Co.,
A
Boston, at 102-76—an interest basis of about 3-176^. Following are the bids
Syracuse, N. Y.— Temporary Loan. This city has negotiJose, Parker & Co., Boston
102 76
Geo. R. Fernald & Co., Boston.. 101-625 ated a loan for $100,000 with Dunscomb & Jennison, New
101-625
C. S. CummiDgs & Co.. Boston.. 102-70
N.W. Harris & Co., BostOD
York City, at 3-75 per cent per annum. Loan is dated Jan.
...10i-52
E. H. Uay &Co., Boston
]02-6r5 Adams* Co.. Boston
Rogers. Newman & ToIman,Bos.l02-292 Third National Bank. Boston... 100-275 31. 1900, and matures Sept. 28, 1900.
Parkinson & Burr, Boston
10r71
Tacoma School District No. 10, Pierce County, Wash.—
South Haven, Mich.— Bond Election. An election will be Temporary Loan. The Board of Education has made arheld on Feb, 7, 1900, to vote on the question of issuing rangements with the Fidelity Trust Co., Metropolitan Bank
$10,000 electric-light plant bonds.
and the Pacific National Bank, all local institutions, to take
Spartanburg County, S. C. Bonds Authorized by House. up the issue of $100,000 6^ bonds which matured on Feb. 1,
The House of the State Legislature has passed a bill 1900, and to carry them at 6^ interest until the new issue of
authorizing this county to issue $50,000 bonds.
refunding bonds is floated. We gave the description of these
Springfield, Mass.—Loan Bids.— Following are the bids new bonds and the terms upon which they would be sold in
received on Jan. 26 for the $300,000 temporary loan awarded, the Chronicle Dec. 23, 1899.
as stated last week, to George Mixter, Boston, at 3-44?^^
Tarboro, N. C. Bond Offering. Proposals will be received
Geo. Mlxter, Boston
8'445% Blake Bros. & Co., Boston
3-59S6
until 10 A.M. Feb. 22, 1900, by John A. Weddell, Secretary
Third National Bank, Boston. 3.45%
3-60%
Edgerly & Crocker, Boston
Board of Public Works, for $10,000 5% 30-year light-plant
Pvnchon Nat. B'k, Springfield.. •*3-47S Dunscomb iS JennisOQ. N. y.
..3-66%
Curtis & Sanger, Boston
3-48%
3-ti8%
W. O. Gay &Co., Boston
bonds. Securities are in denomination of $1,000, with interBoston Five-Cent Sav. Bank...t3-5056
3-72%
C. S. Cummings & Co., Boston
est payable Jan. 1 and July 1 in New York City.
* And a bonus of $5 76.
And a bonus of $25.
Tiffin, Ohio.
Bond Offerina. Proposals will be received
Spencer County, Ind.— iSond SaZe.— On Jan. 15 the $105,- until 12 M. Feb, 19, by J. B. Ehrenfried, City Clerk, for
000 Z%% funding bonds were awarded to Campbell, Wild & $"(,500 4.}4% street-improvement bonds.
Securities are issued
Co., Indianapolis, at par.
Bonds mature yearly on Jan. 15 under authority of Section 2704, Revised Statutes of Ohio.
as follows
$5,000 from 1902 to 1906, $7,000 from 1907 to They are in denomination of $500, dated March 1, 1900
InCo.

,

H

—

|

i

I

—

—

—

—

:

.

.

—

•)•

:

INVESTMENTS.

mVE^TMENTS^

ADAMS & COMPANY

TRANSmiSSIOIV ROPE.

CORDAGE
M

BANKERS^
DBALBRB

INVESTMENTS.

IN

Geo. D. Cook Company,
INVESTMENT SECURITIES.
238-240 La Salle Street,

S

INVESTMENT BONDS.
Members

'

A V Ai;

n?L St SPECIALTIES.

A

of Boston Stock BzolianKe.

No. 7 Congress and 31 State Streets

E

MASON, LEWIS

&,

CO.,

BANKERS
60 Devonehlre

WALL STREET, NEW YORK.

MUNICIPAL BONDS

BOSTON,

MUNICIPAL
RAILROAD
CORPORATION

Secnrities Netting from

BONDS
"^^-'<^»

3^

to 62

OUKE

FARSON.

M.

daniolpal Bondi.

IMSJ

Banker,

Dearborn Streei

Ass'n.]

DEALERS IN

Commercial Paper, Mortgage Loans,
Local Stocks and Real Estate.
Act as agents

for non-residect property owners and
investors.

C. R.

GOODE &CO.

HIC^H-GRADE
Neitting
15

Benefit
NEWARK,

CO.,

N. J.

AMZI DODD, President.
A.ssets

(Market Values) Jan.

1,

1900.

. .

J.

and N. Y. Stanaard)

.

. .

.$69,419,717
64;840.707
4,579,010
5,625,693
.

78
24
54
22

POLICIES ABSOLDTELY NON-FOBFEITABLB AITKB

JtJiOKEBS,

MINN.

LIFE INSURANCE
Surplus
Surplus (N.

Nuveen & Co.,
A.R.Macfarlane&Co. JohnINVESTMENT
BANKERS,
[Members American Bankers'

STATE, CITY & RAILROAD BONDS

Tjlabilities

MUNICIPAL BONDS.

Co.,

Congress Street, Boston.

The Mutual

CHICAGO.

ON APPLICATION.

DULUTH,

&

13 l¥all Street, New York.

Bend for oar Inveatment Ctronlar.

Street Railiray and Gas Companies.

BANKERS AND

16

ALWAYS ON HAND.

St.

Choice Isauea.

L.I8T

Broadway.

Blodget, Merritt
MANUFACTURING
BANKERSCOMPANY,

63

CHICAGO,

New York Office, 52

THE AMERICAN

BOSTON.

monadnock Buildins.

CHICAGO.

l8t

National

Bank

Building, Chicago

Correspondence

SECOND YEAR.
In case op lapse the Insurance is contincted iw
FORCE as long as the value of the Policy will pay for;
a Cash or Paid-up Policy Value is alowed.
Alter the second year Policies are Incontestabije.

or, if preferred,

and

solicited.

all restrictions

as to residence, travel or occupa-

tion are remoi'ed.

Reference, First National Bank, Chicago.

trowbridge,

The Company agrees

in the Policy to Loan up to
the Cash Surrender Value when a satisfactory assignment of the Policy Is made as collateral security.
Losses paid immediately upon comoletion and approval of proofs.

MacDonald

& NiVER Co.
MUNICIPAL BONDS,

The

Company

Investment

of Philadelphia.

WARRANTS

from 4 to

S%.

WALL STREET NEW YORK.

WE DEAL

IN

iHt

Nat.

Rank Bldg.

$41,000,000

in

•

•

CHICAGO

Dividends paid out on

UTAH MINING STOCKS.

SOUTHERN AND WESTERN
SECURITIES.

Weekly Market Report on

ROSENBERGER & LIVERMORE,
(Specialists In Texas Investments),
FORTY WALL. STREET, NEW YORK

P. J.

application,

by wire or

CONWAY

«fc

Quotation 1

njall.

CO. Salt Lake City

Investment Bankers,

Vt8.1u

310 Chestnut

St.,

Pald-Up Capital,

.

This Company undertakes

Philadelphia.
-

8800,000

the neKOtiation and
Issue of loans and capital of Companies on the New
York or Philadelphia Market and will make advances upon approved Corporate, Personal or Real
Estate security.
Under Its charter rights It will act as Trustee,
Agent or Manager for the control of corporations
or for the construction of public or private works.

—
February

3,

:

:

THE CHRONICLE.

1900.]

terest will be payable semi-annually and the principal will
mature yearly on Sept. 1; $1,500 from 1900 to 1903, inclusive,
certified check for $100 will be reand $3,500 in 1904,
quired with each bid.
bill now before the
Utica, N. Y.— Bonds Proposed.—
issuance
of $49,000 school
the
for
provides
Legislature
State

A

A

bonds.

Vermont, III.— Bond Sale.— This village has sold an issue
Seof $5,000 5% 1-5-year (serial) electric-light plant bonds.
Interest will be pay
curities are in denomination of $1,000.
able annually.
Virginia. OJfer to Purchase Bonds. The Commissioners
of the Sinking Fund give notice that they will receive offers
until 3 p. M. Feb. 30 for the sale to them of $115,000 bonds of
this State issued under the Act of Feb. 20, 1893, and known
as "Century Bonds." Bids will be opened on the day follow-

—

ing.

Wasliiogton County, Oliio.—B^ds.— Following are the bids
received on Jan. 24 for the $125,000 4^ court-house and jail
bonds
New 1st

:

Nat. Bk., Columbu8.$132,Kfi
1S1,575
Atlas Nat. Bank, Cincin
B. KleybolteA Co., Cincin. i3l,0J5
geasonjfood & Mayer.Cint in. lS0.8-i7
German Nat. Bank, Cincin.. l3(),7.'50

50

00
50
00
00
13u,637 60
Spltzer & Co., Toledo
Lamprerht Bros. Co.. Cleve, J30,612 50
W. J. Hayes* Sons, Cleve.. 130,500 00;

Peder, Holzman & Ce., Cin. $130,352
Brisgs, Todd & Co., Cincin.. 130,301
S. Kulin & Sons, Cincinnati. l:,0,O0U
Denison, Prior & Co., Cleve. 12K.937
Meyer & Kiser.Indianapolis. 128,975
First Nat. Bank, Marietta.. 128,760
First Nat. Bank, Circleville. 127,100

76
50
00
00
26

00
00

As Stated last week, bonds were awarded to the New First
Natiocal Bank of Columbus at 105 6^5.
Watertown, Mass.— Bids.- Following are the bids received
on Jan. 25 for the $8,500 i% coupon notes, awarded, as stated
last week, to Jose, Parker & Co., Boston, at 107'045:
106-184
107'(45 From a private bidder
Jose, Parker & Co.. Boston
....107001 Perry, Coffin & Burr, Boston.... 106-09
Estabrook & Co.. Boston
106-063
Boston.
106-84
Merritt
Blodget,
Co.,
&
Cummings
Co..
Boston.
&
C. H.
115'06
106-556 R. Kleybolte & Co., Cincin
R. L. Day & Co., Boston...
Wellington, Kan.— Bond Offering.— We are advised that
this city will sell at private sale the $50,000 water works
bonds and $14,000 electric-lightplant bonds voted at the
election held on Dec. 30, 1899. Interest on these bonds will
be at the rate of 5^, payable at the fiscal agency in New Yoi k
City. Principal will mature in 20 years, subject to call after
I

|

I

10 years.

West New York, N. J.—Bond O^enngr— Proposals
received unt'l 8

p. m..

Feb.

8,

by the

Town Council,

will be

for

247
bonds.

000 i% school

Securities are

$1,333 3d%, dated March

Principal will mature $1,333 33);^ yearly on
to 1932, inclusive. A deposit of eitner
cash or a certified check for d% of the amount of the bid
must accompany proposals. No conditional bids will be received. Francis F. Tonn is Town Clerk.

semi-annually.

March

8

from 1903

The offlcial notice of this bond offering will be found
the advertisements elsewhere in this Department.

annually in gold at the office of the City Treasurer. They
will be dated March 1, 1900, and will mature one-fortieth
yearly. The date for the sale of these securities has not yet
been determined upon.
Worcester, Mass.— Bowds Proposed.— At a meeting of the
Board of Aldermen held recently the Mayor was authorized
to petition the State Legislature for authority to borrow,
outside of the debt limit, $600,000 for sewer purposes.
Toufaers, N. Y.— Bias.— Following are the bids received on
Jan. 24 for the $80,000 d}^% 3-year redemption bonds and
$7,500 S}4% 1 year assessment bonds
:

Redemption

Jno. D. Bveritt

&

New

100-56
IO0-311

OF NEW YORK,
120

Equitable Building,

J.

100-13

—A

EIANKS^

1900.
United States Life

San Francisco.

A.

A.

Wliliam A. Nash,
Joseph S. Auerbach,

George Coppell
G. B. M. Harvey,
John 1. Waterbury,
George W. Young.

J. Ca.<>satt.

FINANCE COMMITTEE:

Charles R. Flint,

George Q. Havec,
Marcellus Hartley,

E. R.

SA]Rf FRAXCISCO, CAL,.
united STATES DEPOSITARY.

Capital, $1,500,000 Surplus, SI, 000,000
S. G. MiTBPHY, President. JAS. K. Lynch, Cashier.
James Mopfttt, V.-Pres. J. K. Moffitt. Asst.Casb.
General Banking Business. Accouilts Solicited.
Commercial and Travelers' Credits issued, available in all parts of the world.

Canal

Bank,

ORIiEANS,

NE^nr

liA.

& Banking Co.)
CAPITAL., $1,000,000.
C. MORRIS, President.
EDWARD TOBY, Vice-President.
EDGAR NOTT, Cashier.
(Successor of N. O. Canal

J.

Correspondents

— National

City Bank, National
;

;

Boatmen's Bank, St.
Chicago Merchants
;

The London City

Charles S. Pairchild,
Gustav. E. Kissel,

A. D. J uUliard,
Isaac N. Seligman.
Louis Fitzgerald,

National Bank

Bank of Commerce, New York
Geo. G. Williams, Pres. Chem. Nat. Bank Louis
N. W. National Bank,
John J. Tucker,
Builder National Bank, Boston.
E. H. Perkins, Jr., Pr.Imp.diTrad NatBk
James R. Plum, Leather

•ADVISORY COMMITTEE OP STOCKHOLDERS.
W. Bayard Cutting
T. Jefferson Coolldge, Jr.,
Waiter G. Oakman.

First

I

NASH,

August Belmont,
James StiUman,

The
OF

YORK.

George H. Burford, President.
Geo. G. Williams, Vice-Pres.
Manager,
Secretary and Treasurer,
C. P. Fraleigh, 2d Vice-Pres.
THOMAS L. GRBENE. EDWARD T. PERINE.
Kich'd E. Cochran, 3d Vice-Pres.
Consulting Engineers,
A. Wheelwright, Secretary.
WM. BARCLAY PA RSON S
F. S. PEARSON
J. L. Kenway, Asst. Secretary.
FORD. BACON & DAVIS.
Wm. T. Standen, Actuary.
Arthur C. Perry, Cashier.
DIRFOTORS
John P. Munn, Medical Director.
WILLIAM

100-00

A

Vice-President,

Actinj? President,

AUGUST BELMONT.

lOo'OO

I(i0-o6

>

lOO-i 1
Hayes &
100*406
for
both
issues
was
received
of
from Allen,
bid
Sand «& Co., New York. As stated last week, the redemption bonds were awarded to Geo. M. Hahn, New York, at
100*55 and the assessment bonds to the People's Savings
Bank of Yonkers, the price being 100*051, and not 100*51, as
then stated.
bill recently introduced in the State
Borids Proposed.
Legislature authorizes this city to borrow $2,500 for the
erection of a pavilion upon the public dock and for the extension of the sewer under this dock.

W.

Insurance Co.
THE CITY OF NEW
OFFICERS:

IN

Broadway

100-051

100 45

ork
Sons, Cleveland
Co..

Assessment
Bonds.

Bo rids.

Geo. M. Hahn. New York
People' Savings Bank, Yonkers
K. Kleybolte & Co., New York
Geo. C.White, Jr., New York

1850.

The Audit Company The

among

Whittier, Cal.— Bonds Voted.— This city voted on Jan. 23
on the question of issuing $5,000 water-works bonds. The
result of the election was 123 votes in favor of the bonds and
39 against. These bonds will bear 5% interest, payable semi-

MISCELLANEOUS.

IVIISCELLANEOUS.

in denomination of

Interest will be payable

8, 1900.

Chapman,

Charles T. Barney.

Active and successful Agents wishing to
represent this Company may communicate with Richard E.Cochran,
3d Vice-President, atthe Home
Office, 261 Broadway, N. Y.

accounts and financial condition of corporations,
•opartnerships, and individuals, and examines and
reports upon the physical condition of railroad, mannfacturlng and other properties.
Its services are of value to investors, financial in
tltutlons, borrowers of money, directors of corporations, merchants, firms, and purchasers of properties

Midland Bank, Limited,
5

Tbreadneedle Street, London,
England.
ESTABLISHED 1836.

1-AID-UP CAPITAL
RE8ERTE FUND

The Audit Company examines and reports on the

Whiting Papers.

uses the

leading

.Grovemment CAPITAL,

States

Railroads,

£!2,'.202,40«
,£t2.'.£0'2,400

FIRST NATIONAL BANK
OF MILWAUKEE.

THE

United

&

So do the

Banks,

Insurance

-

-

-

SURPLUS AND PROFITS,

-

«1,000,000
$500,000

Transacts a General Banking and Foreign Exchange
Business. Collections receive Special Attention.

OFFICERS

Companies and Mercantile Houses every- F. G. BiGELOW, Pres't.
where. If you are not using Whiting's Wm. Bigelow, V.-Prest.

SECURE BANK VAULTS.

Linen Ledgers in your
samples.

oflBce

especially

For account books they are

They are made in tints
recommended for the eyes by

Bound and

Flat Bars and 5-ply Plates and Anglef
&c.
Cannot be Sawed, Cut, or drilled, and positively
Burglar Proof.

FOR SAFES, VAULTS,

OHROME

STEEL.
S.

will send

.

The FinancialReview

ANNUAL

you

free.

Holyoke. Mass..
>

Ass't Cashier.

Single numbers,

$s:

a copy.

WHITINQ PAPER COMPANY

Sts.,

BROOKLYN.N.

We

pamphlet on the subject

WORKS.

Kent Ave. Keap and Hooper
aoleMan'f'ersiutheU.

a

oculists.

Camp,

write us for

unequaled.

GENUINE
WELDED CHROME STEEL AND IRO^ eminent

F. J. Kipp, Cashier.

T. E.

AND

150

DuANB

St.,

New York

WM.

B.

DANA COMPANY

7«H Piae

St.,

New

York.

THE CHRONICLE.

248

[Vol. LXi.

gauluers vcnA gr^luers ©ttt 0f ^jenu

CHICAGO.

CHICAGO.

Bartlett, Frazier

Schwartz, Dupee

'^0^11.

&

&

Co.,
BONDS,

STOCKS AND

Co.,

PHILADELPHIA.

Edward

BANKBRS

WESTERN UNION BUILDING,
128148 JACKSON ST., CHICAGO.

2 Board of Trade,

CHICAGO.

New

Street,

BBOKBES

PHILADELPHIA.
Members

Phlla.

and

W.

E.

all principal

markets.

IVo.

]Vew York.

-

Ain)

New York

Stook Szohangei

&

Clark

Co.,

BANKERS AND BROKERS,
Prlyate wires to

7

& Co.,

Smith

BOURSE BVILDIM*.

miAIH, PROVISIONS and COTTON.
Stocks, Grain and Provisions,

B.

Speeial attention inyited to onr Stocks

Transact a general banking business.

on deposits

terest

and Bonds Department.

139 Soutb Fourth
PHII^ADEIiPHIA.

Members

of the Philadelphia and

St.,
Allow

In-

New York

Stock
Exchanges, and connected bj pnvate wire with New

York.

A. O. Slaughter

Jamieson & Co.,
STOCKS—BONDS,

llS-117

169 liA SAliliE STREET.
Prlyate wire to

tf^——

Edwin

SAIiliE

CHICAGO,

Ilia.

New York and PMiadelphla.

——^~^

_^.^_

L. Lobdell,

J.

ILL..

P. Odell

&

PITTSBURG.

SOUTHERN.
Co.,

FOURTH AVBN1TE,
PITTSBURG, PA,

236

PHILADBLPHIA STOCK BXCHANOB,
PITTSBURG BXCHANGB (8 MBMBBRS).
CHICAGO STOCK BXCHANGB.
CHICAGO BOARD OF TRADB.

&

Bzceptlonal facilities for dealings In all classes ol
Bonthern Bonds. Loans on Collateral Seonrltlai
ueKOtlated.

Boiling,
BANKER,
YA.

Charles Hodgman.

& Hodgman,

BOND AND STOCK BROKERS,
Street,

ST. LOUIS.

ST.

Hlgh-Qrade

County,

City,

Town and

School Bonds,

For Estates and Trust Fnnds.

&

Co.,

Brokers and Dealers in

Cincinnati Bonds and Stocks,
37 East Third

&

Co.,

Bankers and Brokers

NORFOLK, VA.
SOUTHERN INVESTMENTS,

St.,

Cincinnati, Ohio.

PACIFIC COAST.

KOTANY,

John W. Dickey,
BROKER,

AUGUSTA, GA.
SOUTHERN SECURITIES.
A. Strassburger,

Mo.

IN

LOUIS BONDS AND STOCKS

Edward

Pollitz

&

Co.,

STOCK AND BOND BROKERS.
Hawaiian Sugar Stoclts a Specialiy.
403 California

Street,

SAN FRANCISCO. CAL.

Ladd

&

Tilton,

BANKERS,

PORTL.A1VD,

OREGON.

BSTABLISHBD in 1860.
Traneaet a Qeneral Banklnc Bnaln***.

1860.

Correspondence solicited and information furnished about Southern State, Mtmicipal and Railroad Investment SeeSiritles.
Reference— Bank of New York, N. B. A.

ST. LOUIS.

BROKER AND DEALER

CINCINNATI, OHIO.

Wyndham

ESTABLISHED

INVESTMENTS.

St. Louis,

Corner Third and W^alnut Streeta.

Irwin, Ballmann

Mottu, de Witt

Stephenson,

•

Mayer,

Issued In leading prosperous States of the Union, especially adapted for safe and permanent Inrestment

T. Mellon & Sons' Bank,
Davenport & Co.,
PITTSBURG, PA.
BANKERS AND BROKERS,
RICHMOND, VIRGINIA.
GENERAL. BANKING. COIiliECTIONS.

409 Olive Street,

W.

&

Edwabd Pollitx
St. Ooab,
Members Stock and Bond Excharge.

Oldest Pittsburg Members N. Y. Stock Exchange.

M.

Seasongood
S.

1871.

300 Nortb Fourth

Barney & Smith 6^ Bonds,
Columbus By. Co. Stocks.
AND ALL ISSUES
Columbus St. By. Bonds.

HXNBT

BANKERS AND BROKERS,
No. 209 FOURTH AVENUE.

Whitaker

Co.,
CINCI]!OrATI, OHIO.

York.

PITTSBURG, PA

Bdwahos Whitakeb.

&

Hutton

E.

Tir^inia-Carolina Cliemical Co. Stock.
REFERENCE—Mechanics' National Bank, New

of New York, N. B. A.
rirst National Bank of Philadelphia.

&

W.

Co.,

Soathern Securities,

OORRBSPONDBNTS

Whitney

CINCINNATI.

316 Eaet Baltimore Street, Baltimore.
Investment and Miscellaneous Securities a speo
laity, and whole Issues handled.

RICHHOND,

Bank

160.

MUNICIPAL BONDS.

Sons,

PITTSBURG, PA.

Telephone

Members of Baltimore Stock Bzohange.

BANKERS.

ESTABLISHED

&

BANKERS,

taaiswBM or thi

N. Holmes

WILLL&H WILSON A SONS. BstabUshed
1802.
"
Wilson, Colston a Co.,
1867.

Wilson, Colston

NHW YORK STOCK BXCHANGB.

SUBSCRIPTION PRICES.

DEAL IN

PRIVATB WIRES.

&

STOCK AND BOND BROKERS,
28 Soutli Third Street, Philadelphia.
BONDS ADVERTISED on the market supplied at

CHICAGO.
Gaa« Street Railway and other Htgh-Grade
Corporation Securities.

Henry Sproul

G. Hopper &Co.,

Co.,

BANKERS & FINANCIAL AGENTS
171 liA SAIiliE: STREET,

CHICAGO.

Wm.

STREET.

Uembers New York Stock Bzohanse, CbloaKO
Stock Bz change and ChlcaKo Board of Trade.

John

Banker and Broker}

The Rookery.

LA

w. G. Hopper,
h. S. Hopper,
Members of Philadelphia Stock Exchange.

Co.,

BANKKR8 AND BROKERS,

Members New York and Chtoago Stock Ezohanges,
Chlcas*.

&

STOCKS AND BONDS BROKER

coixEOTioNS Given Special ATTiwrioii

Richardson

montooxebt, ala.

Clark,

BANKERS,
25 Exchange Street, FroTidence, B.

1.

Bonds
Transact a general banking business.
Stocks and Local Securities. Commercial Papa
bought and sold on commission. Private wtresto
New York. Boston and Philadelphia.

Fred. H. Smith,
NO. 8 BROAD STREET, NEW^ YORK.
STOCKS AND BONDS.
MARQIN A000JTNT8 SOLICITED.
•

INTEREST ALLOWED ON BALANCES.
Market Letter on

Southern Investment Securities.

&

Application. Correspondenoe
Inrlted. Established 1868.
All classes of Unlisted Securities and Traction
Stocks Bought and Sold.