The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
rtm m i*
(Quotation Supplement (Mn a
o u jj)
Investors Supplement (guart^
la M K ’i
Street Railway Supplement (q ^
u
State and City Supplement ^ A iy ^
ordlQi; zo Aot or ’ •oagroei, la the ye»r 1899. by the Willi a * B. Hama Com part , in the offlceof the Librarian ot oongreei ]
■»L. 68
SATURDAY, JANUARY 14, 1899.
Wetk «ncH«G January 7.
JJhe (Dlxrcmiclc.
O f t h o COMMERCIAL AMD FIN ANCIAL 0BUKON1CUL
File covers holding mix month*' foatt** or apectal hie cover* for Sop*
plementa ore aobl at 50 cent* e a c h ; pottage on the tam e ia 18 cent*.
Terms of Advertising—(Per Inch Space.)
Traanleut m atter..............— $4 20 |Three Mouth* <13 tim e*)..$29 00
9TAND1NQ BC9INESA O tfcDfl.
Six Month*
(20 ** ).. 50 00
Two Month*
(8 time*).. 22 00 1Twelve Month* (52 *
*
87 00
London Agents:
Meeam. Bow a a os A SMITH* 1 Drupe rn" Hardena, E. C „ will take anfe*
aoriptiona *nd advertisement a. and supply single ooploa o f the paper
at la. each.
Post
B . D A N A C O iflM V Y , P u b iU h c r v ,
P i n e S t r e e t , C o r n e r o f P e a r l S tre e t*
O r n c e B ox 958.
NEW YO R K .
CLEARING HOUSE RETURNS.
Th. following table, made up by telegraph, eto., Indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day, January 14
hare been |1,874,776,854, against #1,805,623,107 last week and
|1,445.195,487 the corresponding week of last year.
IPirt EurUnv Janitor* it.
CLSARTN09.
ftrtt*rtwi 6* T(i4qraf\.
1999.
Sfew Y ork ...............................
»
Boston...................
PhiiAdeiphta.. . . . . . . . . . . . . . . . . .
BAlsimore*....
Okie**0 " - . ....... ...................
8*. L o u U ...._____ ___________1
Now Orleans___ . . . . . . . . . . . . . .
osy.eeg.tts
117,527.204 1
70.707,742 i
1S.S9S.400
10S.S71.S0J
2A.3-44.52d
10,547,9)6
1398.
|
Ptr CtnC.
S7JS.7S 1,986 !
96079,981 j
02,832.889 |
10,707,443
01,118,708 !
27.279,520
10,705.200 |
+41*1
+21 6
+25*3
+11*3
1-17 0
+ 3^
-1 *5
_
Seven elite*, 5 djtye. _ _
Other cm **, s d a y s... . . . . . . .
§1,380,262.705
175,497,041
J l,034,057.877
101,049,430
|
|
-*-34 A
+90
Toifti All eHifl*. 5
Alt cl tie*, Id e y __________ _
§1.603,700,430
310 010.413
•1,190,117,303
250,078,124
|
+30-8
+24*0
§1.873.770.854
«l,<t5,195,«87
Total All citie* for week.. i
1899.
1880.
8t8,
1897.
1810.
P. Cant.
?
§
1,100,345,613 l,042.g»7.3»4
+11*3 710,203.423 618,214,089
»7,l»J7.2do
03,813,874
—5*9
71.lflO.tS9
Philadelphia...........
88,070.363
20.074,098
-2 d
* 0 ,6 n ,io i
17 84+190
Pittsburg.-..............
11,888,428
24,101.040
—8*8
la. 593,*’58
20.481,433
14,820,809
4,010.068
6.140,409
— 3
4
4 408,900
Bttflklo .................
5,201,454
2.158 n o
2.30-1,357
—8*8
2,160,402
Washington............
2,017,909
2.424.703
*,435.31s
1.838,437
1,723.879
+ 2 '?
1.640,011
1.413.058
-8 8
1,324.493
.+rnveu«e ................
1,201.568
1,185,000
—2u 3
1.499.903
849,338
773,717
873.045
—2*2
894,640
724,014
W ilm ington ...........
734,466
48C.700
PM.20U
+ 21 3
Binghamton............
434,100
417,900
+ 9 1 829,139,26c 724,711,0*9
Total Middle....... 1,305.224,23d 1,100,791,200
l«7.l»ll,342 130,030,30*
+9 4 104,887.547
88,019,125
0,814,400
~r2 6
0.040,0u°
6,604,000
5.493.800
.,-‘31,213
4,797,243
—116
4,437,108
3,« 40,023
a.sns. i2 l
+13 y
2,158.34“
2,102.765
2 006.201
2,069 000
2.040,843
+0 0
1,868,721
Springfield........... .
1,419,204
1.723 871
1,770,381
—2*3
1.410,a09
1,385.529
1.815,914
—10 0
2.050.4S4
1.023,524
1,433,420
+70 560
1,477.501
+70 5
1,001 240
951,529
U84.043
801,280
— (0
2
039,910
717,029
+20 9
031,463
407,201
805,105
Now B edford..........
578,028
+8*3 124.174 831 105,080,820
Total Saw Knit... 100,702.244 150.730,200
122, 030,991
127,875,833
+4*3
82.630,084
95 838 882
+2 2
15 20 7,050
14.903 950
13 234,800
13,623,000
7,392,300
-1 1 1
8.210 600
0.412 877
0+73.950
+24*1
0.800,000
7,804.484
0.909.tCO
0,008,614
+0 2
6.ML.479
0,490,725
5.397,04 f
5.004,876
M ilw a u k e e ,.,........
5.100,000
4.900.400
3.361.800
T* *
3 061,700
Columbus. .............
+2 0
3.388,600
2.031,313
8.155.2/7
2 497,226
-1 0 8
2.270,349
1.719.101
2,020,420
1.944 580
—1 9
1.830,991
1.801,334
1,077,403
1 610,020
-2 5
8*2 881
1.I4O.903
1.175,54 J
920,374
+ 12 0
799 983
895,809
074.177
884,906
-3 6 0
378 615
532,988
493 831
379,430
+35-7
370,873
280.200
277.714
390,613
+10 9
293.000
210.200
298.00u
314,167
—*12
171,870
291.672
24h,H05
241 791
+28 9
100.103
160.524
214.310
211,281
+ 30 7
208.194
271,443
2 *0,063
227,516
+ 8*4
221,379
207,901
210.000
181,816
+37 4
209.174
300,067
Youngstown ........ .
+1*7
4tO,002
488,609
Sprtngrteld, 111........
751.113
+ 4 0 127.434,090 141,427,190
Tot. Mid. West’ ll- ISA, 431,032 175,902.004
—7*1
15,900,004
17,295.031
13.999,172
13,455,840
1,934.049
+1*2
1.911.140
1,000 638
l,6v 6,260
—15 8
3.219.045
1 893.092
1.621.005
1,435,753
+8 &
1,806,583
1,019,404
1,349 307
1.375 699
+ 0*0
588,185
550.000
004 002
614.042
—41*0
028.436
1 004.2+J
520 0*u
608.0*6
+8 5
1.225,0 0
1.129.472
600,192
560.000
+26 0
1,074,472
869.614
014,070
489,150
+38 3
302,833
418,400
106,072
24b.*89
Fargo. .....................
—110
112,004
125 810
76 000
93.464
—Jj'6
21,878,603
86.040,914
20,207,919
27,187,034
Total Pacific........
—16 6
0,852 116
11,057,272
11,000 991
12,000,00?
— L4
0 807,209
9.942,644
0,8(0.042
7,911,90“
+18 0
7.0U5 514
4,832.825
6,987.73(1
4.006,749
+0 4
4.280.727
4,306.830
3,25 •'.683
4.811,80*
—A 2
3.321,047
3,Iu2,87S
3.133,239
2,808,503
2,766,533
1,074.412
y-4 red
+9*1
794 000
+21 1
2 170.000
1.792 178
1.477,000
1 604,00“
1-33-3
1,227,057
1,272,987
l.doO W
U
1,900,006
+ 17-0
909,314
632. i77
624,095
308,971
*-0 4
423,198
477,170
475J'34
402,184
+ 10 4
479,000
£01.820
805,55“
433,855
+0 6
484,792
6: 5,088
469.700
423 236
+17 3
83,705
109 99 d
57.52+
120,433
+34*0
79.008
129.683
90 37i)
108,395
H astings.................
+0’6
33.244,720
89,8**,219
41,3*0.770
41,035.626
Tot. other W est..
—15*7
25.898.025
85.732,490
31/70 402
30.109,827
+3*2
12,947, .*84
12 5*8.910
10 278.313
11,038 5<0
+lu*0
0,458,' 72
9.091,350
8.207, H
00
7.220,052
+2*6
2,7 J8,742
4.300 O d
l
2.982.100
4,194,700
—4*1
3,0 L
7,687
2,9.31,920
3,800,0 0
3,903.020
-10*6
2,178.922
2,609 401
2 695.10d
8,011-10(1
+ 1*0
2,67:1,624
3.005 197
2,000 U O
O
3,700.600
—29 0
2,898 910
3.983 823
3.017.50W
2>03 859
1,90a,442
—a y
2.18-‘ ,085
2,197.01L
2,112,4*5
—9 0
1,490.02c
1.818.367
1,887.310
1,071 019
—0 0
1,071,137
1,173 043
1,137,746
1,181,120
Norfolk.. ..............
+92
721.009
772,701
902.122
985.02J
—9*3
900 511
816,679
702.401
710,080
410.834
479.-03
676.000
608,8118
+1*5
B irm in gh a m ,..,....
—13-1
403,029
58,3,304
660.806
064,20*
—3*0
391,621
432,835
85 h,068
4‘JO tK
.O I
310,940
—11*1
298,809
239.921
209 6*0
—15 1
293,858
320,815
400 4 id
340.00U
000,u00
538,000
Macon........ .............
04.478.540
—0-7
71.653.012
85.161.840
76,771 912
Total Southern...
+ 7 3 1.206,918/23 1,085 749,723
T otal a ll.............. 1.805,622 107 1.883.439,397
Clcariiujs at—
PUBU8HED WEEKLY.
T e r m s o f S u b s c r ip t io n — P a y a b le in A d v a n c e :
For One Y e a r ,.,............. ..................... ................................... $10 00
For Six Month* ........... .......................... ..................
6 00
European Subscription (ioolutiln# postage)...................
12 00
JEnropcau Subscription Six Mouth* (including’ pontage)....
7 00
Annual Subscription in Loudon (Including postage)........
£2 10s.
Six Moa.
do.
do.
do.
. . . . £1 10a.
▲ bore subscription include*—
T he Q uotation Supplement
JStksvt H.u l v a t S cpplkmknt
T a s I xtbstom ' Suptlbmsmt
|State and C it t 8 upi#lk:hknt
AM of which are fltrnJtbed without extra, charge to every iMibacrlber
W lL l.lu n
NO. 1761.
+39 6
T ie full details of clearings for the week covered by the
above statement will be given next Saturday. We cannot,
of oonrse, furnish them to-day, bank clearings being made
Op b y the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
h *ve to be in ail oases estimated, as we go to press Friday nightWe present below our usual detailed figures for the pre.
Tloaa week, covering the returns for the period ending with
Saturday noon, January 7, and the results for the oorres*
ponding *eek in 1898,1897 and 1898 are also given. In com
parison with the preceding week there is an increase in the
aggregate exchanges of two hundred and ninety million dol
lars, and at New York alone the grin is one,hundred and
eighty-five millions. Contrasted vith the week if 1898 the
to »l for the whole oountry shows an increase of 7'3 per cent.
Compared with the week of 1897 the current returns record
a gain of t9'8 per cent, and the excess over 1896 Is 64'8 per
cent. Outside of New York the increase over 1898 la 0'7
per cent, t he excess over 1897 reaches 29’9 per cent, and
tn»<tng co m p a Ison with 1995 the gain is seen to oe 33’7 per
cent.
+0 7 'tsTo.awsa o
484 635.034
9.93« 583
10,4 74,440
1,662,877
1.616,409
847.' 86
689,272
12,782.187
3,437,837
1 610,049
1,000 105
673,527
+91—4'6
+17*7
+19*0
—2 <*
55
—d 3
080.869
i
80.807.810 ' 29.W ‘45.699
+ 2’9
24,945.112
25 134.75
Outside N. York.
045,270,494
640,642,008
Halifax................
13,043,83 J
U 937,508
1,785.499
2,095.818
845.009
520,140
12.619,058
12,498.832
1.600,00 '
Hamilton................
Total Canada..
Not Included In totals.
774,373
52
THE CHRONICLE.
THE FINANCIAL SITUATION.
The business of the New York Stock Exchange
this week has come to be conspicuous for several
reasons. First of all the amount of the transac
tions has been enormous. On Monday the total sold
reached 1,089,230 shares; Tuesday it was 1,022,750
shares; Wednesday it was 947,642 shares; Thursday
it was 1,025,853 shares, and for the five days ending
with Friday the aggregate reached 5,119,919 shares,
probably the largest amount of any corresponding
period in the existence of the Exchange. Prices like
wise have as a rule been on the rise, notwith
standing an advancing market has been the
feature of the business so mauy previous weeks,
and even months.
Another fact was that the
movement has been chiefly confined to railroad prop
erties, whereas last week industrial stocks made up
the bulk of the operations. Still another fact was that
there were no important developments to stimulate
buying; indeed, if we may except the Louisville &
Nashville semi-annual statement, with the dividend de
clared on its stock, and rumors of the arrangement of
the differences existing among the anthracite coal
roads, and among the Pacific roads in the Northwest,
nothing specially noteworthy of a new and favorable
character has occurred or assumed the shape of a plausi
ble rumor during the week. Finally, the market has
not been an ordinary speculator’s market, but a mar
ket in which investors and large operators held the
foremost place, while sales in this market on foreign
account were claimed to be heavy.
A further feature of the activity has been large
transactions also on American account in London. In
fact, from reports current here it would almost seem
that New York firms with London connections had
taken possession of the London Exchange so far as
dealings in American properties are concerned and that
they have been buying very largely for their New York
clients. Facilities are peculiarly abundant for such
operations while so much American money is being
transferred to London. It has, too, become not only
just as easy, but now that an internal revenue tax on
transfers of shares exists here, it may be cheaper to
deal in London, where settlements are only made
twice a month, than in New York. One banker in
formed us, as an evidence of the extent of this busi
ness, that the cause for the advance in foreign ex
change cables this week was the demand for them
for the transfer of money to London from New York
on settlement day.
Outside of matters which especially concern the
Stock Exchange, the week has likewise been unevent
ful. The fact is, scarcely a new feature has come to the
surface. Affairs have of course all the time been
developing along the old lines. That is to say, indus
trial movements show that business revival is week by
week widening. No doubt is felt of a continuance
of this favorable action for a considerable period; so
long as prices of manufactures remain low enough to
permit the keeping up of our large and expanding
volume of exports, any occasion for special caution can
ha’ dly be anticipated. Imports are likely to show an
increase in January; that wa3 to be expected with the
improved buying condition of the people.
If by and
by exports of manufactures should also show a de
crease, the attitude would be less encouraging.
But
at the moment that is felt to be a remote contingency
[Voi. LXVIIJ.
for there is no evidence of any such tendency at
present. The advances also in the prices of manu
factures that have thus far taken place are legitimate
and needful and not at all speculative, and there ap
pears to be very little speculation in any of the
markets for commodities.
A notable iir proveinent, which we have referred to
on previous occasions but which has further devel
oped this week, is a change in the tendency and con
dition of the cotton market. The turn now estab
lished marks a complete transition from a lifeless de
mand and a continued decline, which was the condition
only a few months ago, to active buying and a tendency
upward. Southern producers might just as well as not
have had their staple in this better shape all the time.
They preferred to play with silver, endanger our
standard of values, destroy industrial xorosoerity, tie
up a large number of our cotton spindles, and
so make their chief product a drug.
Some no
doubt will say the lifeless demand and constant
decline werajthe result of over-production. Yes, of
course it was over-production—not brought about,
though, by raising too much cotton, but by diminish
ing our spinners’ consumption through a contraction
the silver scare produced in the natural demand
for cotton goods.
We proved that over and over
again while spinners were suffering and cotton was
declining, by showing that the ordinary growth in
the United States in spinners’ takings added to the
growth Europe was showing would have left last year
a decrease in the visible supply of cotton instead of
an increase.
Now that the old industrial lethargy and depression
have passed and cotton goods have at length begun to
feel the inspiriting influence of the industrial revival,
cotton almost last of all has got “ in the swim” too.
It may be claimed that this change is due to the
frosts and bad weather since the 1st of September,
which have lessened the yield of cotton. That con
clusion is in part justified. And yet in our opinion
the frost and bad weather have had less influence on
the product than those who made big estimates a
short time since would have us believe ; it looks as if
they were seeking by overdoing the frost damage to
gracefully creep out of the error they got into by
their extreme sanguine forecasts. The probabili
ties are this crop has been over-estimated all
along. When we made up our crop statement
in September we, as usual, studied the question of
yield, and in that report (see C otton Supplement of
Sept. 10) summarized the situation briefly; those facts
gave no warrant for an increased product. The next
week, while reviewing in the “ Financial Situation”
(C hronicle Sept. 17, page 555) the Agricultural
Department’s September figures of condition and
comnaring them with lower figures for September
1897, we added at the close— “ In this case, however,
the comparison (with Sept. 1897) is without doubt
misleading as an indication of the relative yield in
the two years, for there can be no question that the
present crop will be smaller than that o f last year.”
That was the result our investigations at that time led
us to; in our crop report we summarized the facts
obtained and the next week stated the conclusion the
facts seemed to authorize.
There has of course
been some loss from frost etc. in the amount of sta
ple gathered since, but the loss is more largely in
quality than in number of bales, there being a good
J a n u a r y 14, 1898. |
THE CHRONICLE.
53
- -----------------------------------
deal of trashy cotton on the market. Aside from all
this, however, the better shape the market for cotton
goods is now in, and the promise that as spring opens
spinners’ consumption will assume larger proportions,
makes it look as if a fair price for the Southern staple
was one of the happy events the future had in store
for the country. At the same time we think it an
equally assured prospect that comparatively low prices
for cotton have come to stay.
There is no truth in the report that lenders of
money on call at the Stock Exchange are at the present
moment using any special discrimination against in
dustrial collaterals. Money lenders have for years
made a distinction as to margin between loans on
what is termed good active Stock Exchange collateral
and upon industrial stocks. A loan upon a general
assortment of railroad properties with perhaps
a few hundred shares of an industrial stock
would be accepted with a margin, say, of
20 per cent; whereas a loan on industrials as
the principal collateral would not be taken at less
than 25 to 30 per cent margin. This in reality has
been as to margin the only discrimination, if such it
may be termed, that has been in practice. As to the
rate of interest on call money, it has been the same in
both cases. Some banks, and a very few of the trust
oompanies, always have refused to loan money on in
dustrial stocks, even when they form but a small pro
portion of the collateral. Other banks and trust com
panies willingly, and perhaps freely, loan upon such
properties, requiring, however, the wider margin above
noted.
With reference to time money, the same practice pre
vails as to margin.
It is, however, probable that if a
time loan wereasked for upon all industrials, including
those which have recently been sharply advanced, a
rate of interest higher than for good mixed security
would be demanded. The course pursued in this par
ticular, and also with reference to ma gin, has been the
practice, as already said, for years, and originated
when Jthe industrials were first introduced on the
market and when they were not so favorably regarded
as they now seem to be. Hence the action is not
at all new, and as a matter of principle it is neither
novel nor singular. As a rule industrial corporations
make less frequent and not generally complete expo
sitions of their condition. Their market value is also
subject to wide fluctuations and is lurgely influenced
by speculative manipulation; consequently for loans
on those specialties it is natural that a greater margin,
and on time a higher rate, should be reqnired. At
the game time that practice appears to be no more a
discrimination against industrial stocks than it is a
discrimination against railroad stocks to make loans
on Government bonds on a still narrower margin and
a still lower rate.
Perhaps the most noteworthy feature in the rail
road world at the moment is the improvement which
has occurred in the rate situation east of Chicago.
All accounts agree in the statement that tariff rates
are being maintained. A Western shipper is quoted
in the papers as saying that he had contracted for
the shipment of a million bushels of grain to the
seaboard, and for the first time in five years had been
obliged to pay the quoted tariff charges. Many things
have happened lately going to show the determination
of the managers to apply a corrective to the demoral
ization which has existed so long and during 1898
reached such a serious stage. The action of the Balti
more & Ohio receivers last month in invoking the aid of
the Inter-State Commerce Commission in preventing
deviations from the tariff schedules on file with the Com
mission was evidently only part of a general plan in
tended to secure a redress of the evil. This action was
followed a little later by the dinner given by President
Melville E. Ingalls, which was so largely attended by
the leading officials of the roads in the territory of
the Central Traffic Association. This week, a further
step in the movement, illustrative of the earnestness
of the officials in their purpose, was disclosed in the
conference held on Thursday between the presidents
of the leading trunk lines and the members of the
Inter-State Commerce Commission, seeking so secure
co-operation in bringing about uniformity in rates.
Happy results are expected from this meeting, and
it is thought not unlikely that similar conferences with
the representatives of roads in other sections of
the country may be arranged for in the future. To
the trunk lines the mere elimination of cuts in rates
would make an enormous difference, adding in a
marked degree to their revenues, and no doubt it is
the realization and appreciation of this fact that has
helped to bring about the rise this week in several
of the trunkline shares, like the Pennsylvania and
New York Central.
In the anthracite trade, too, the improvement
previously noted continues, and it is evident that the
prospects of the anthracite properties are being viewed
in a new and improved light. The Delaware & Hud
son has announced that the dividends for 1899, based
on the income of 1898, will be at the same rate as
heretofore, namely 5 per cent, and this effectually dis
poses of the rumor, which was in part the basis of
the attack on the company’s shares last November,
that the dividend would have to be reduced. Inci
dentally it also shows that conditions in the anthra
cite trade in 1898 were not nearly so bad as they were
represented to be. As compared with the prosperity
enjoyed by most other road3, the anthracite carriers
of course did poorly, but it is the demonstration of
experience that the anthracite trade is the
last to feel the effects of general industrial
revival, and from present indications it would seem
certain that the results for the new year will be mate
rially better than those for the year just closed. At
all events there has been decided improvement dur
ing the last few weeks. Important benefits must nec
essarily follow if only the different interests can bo
got to work harmoniously together. The proposed
retirement of President Sloan of the Lackawanna
will be helpful in that direction.
Two records published this week serve to bring out
in a striking way the great activity and development
which has occurred in an industrial way and which is
becoming more emphatic and pronounced with each
succeeding week. We refer to our statement and
analysisof the gross earnings of United States railroads
for the late calendar year, given on another page, and
to the “ Iron Age’s” figures of the current production
of pig iron. Our earnings compilations indicate a
gain of about 90 million dollars in the gross receipts
of the railroads in 1898, after an increase in 1897 of
about 70 million dollars. The “ Age’s ” figures of iron
production show a further decided expahsion' during
l -54
THE CHRONICLE.
[V ol . L X VIII.
The Dreyfus incident does not appear to be at
all grave, as the Paris Bourse is not materially dis
turbed. Elsewhere in Europe political and financial
conditions are normal. The Bank of England mini
mum rate of discount remains unchanged at 4 per
cent.
The cable reports discounts of sixty to
ninety day bank bills in London 24@ 2f per cent.
The open market rate at Paris is 3@34 per cent and
at Berlin and Frankfort it is 4 $ @ 4 f per cent. The
higher open market discount rate at Paris is reported
to be due to the increased demand thrown upon the
market by the Bank. Pending the renewal of the
charter of thetBank of France, it is stated that there is
an indisposition to advance the rate. According
to our special cable from London, the Bank of Eng
land gained £639,585 bullion during the week and
held £30,980,408 at the close of the week. Our cor
respondent further advises us that the gain was due
to receipts of £846,000 net from the interior of Great
The Louisville & Nashville has this week taken the Britain and to an import of £5,000 from Australia,
step expected, and announces the resumption of divi and to exports of £211,000, of which £201,000 were to
dends on its shares. The first payment is to be 14 per the Argentine Republic and £10,000 to Germany.
cent on February 10, based on the income for the
The foreign exchange market has been active and
half-year ending December 31 1898.
The halfyearly statement shows that, after paying the generally strong this week. Among the features has
amount required for this purpose, there will been a revival of the demand for seventy-day bills for
still be a surplus of $634,799 on the operations of investment. It may seem strange that with the Lon
the six months.
The company suspended divi don open market rate of discount no higher than 2 f
dend payments in 1893, and has since then been per cent and with sixty-day money ruling in the New
managed in a very conservative way. Surplus earn Y ork market at about 3 per cent there should be any
ings have gone entirely into the property and all the advantage to the purchaser of seventy-day sterling for
various improvements and betterments have been paid investment.
The profit of the operation is
for in ibis way, the construction account having said to be, at least for the moment, assured by
been closed. The company is therefore, now that the fact that the buyer of the seventy-day bill
earnings are expanding, well able to distribute a por can now contract for the delivery of the maturing bill
tion of its yearly profits to the shareholders.
in March at 4 84f, thus making the difference of two
and a half cents between the long and the short drafts,
Money on call, representing bankers’ balances, has which difference is equal to about 3 per cent per
loaned at 3 per cent and at 2 per cent at the Stock Ex annum for sixty-three days, at the expiration of which
change during the week, with the bulk of the business time the transaction would be closed. Another feature
and the average at about 2 f per cent. The higher of the market this week has been a good inquiry for
rate was recorded in the early parFof each day and, as cables to remit for the semi-monthly settlement of
a rule, the supply was abundant in the afternoon. balances for stocks bought in London for New Y ork
The banks and the trust companies seem to be the account. The offerings of commercial bills against
principal lenders of money, comparatively little cotton, grain and provisions continue large, but the
being offered by commission
houses.
Gener demand for them is good, and there appear to be no
ally speaking, very few of the renewals for accumulations. The steamship Mariposa arrived at
the day are made after noon. In an active San Francisco on Wednesday from Sydney, N. S. W .,
market with such large transactions as have with £500,000 gold in sovereigns.
been the feature this week there has been a good
demand for money toward the stock delivery hour,
Nominal rates for exchange remained unaltered at
2:15, but tliiB has been promptly met this week, and 4 824- for sixty day and 4 854 for sight until Wednes
just before the close of the market rates have fallen day, when Brown Bros. & Go., 'Heidelbach, Ickelto the lowest of the day. Banks and trust companies heimer & Go. and the Canadian Bank of Commerce
quote 2£ per cent as the minimum for loans over the advanced the sixty day rate half a cent and the range
counter, though in some cases loans have been made thereafter was from 4 824 to 4 83 for sixty day, sight
at 3 per cent. Time money is freely offered on good being maintained at 4 854. Rates for actual business
mixed Stock Exchange collateral at 2| per cent for were advanced on Monday one-quarter of a cent all
thirty days and 3 per cent for sixty days to six around compared with those at the close on Friday
months. The inquiry is only fair and chiefly for of last week, to 4 82@4 824 for long, 4 84|@4 84|sixty to ninety days. There is a good supply for short and 4 854@4 854 for cables. The market
of commercial papor, with some indications of on Monday and Tuesday ruled quite firm. On
greater abundance very soon, but the demand Wednesday the tone was steady. On Thursday the
continues excellent, not only from the city but from market was irregular and on Friday it was steady to
the East and the West, and there is no accumulation firm, with rates for actual business 4 82j@ 4 824 for
of names. Rates are 3 per cent for sixty to ninety day long, 4 844@4 84f for short and 4 85£@4 854 f ° r
endorsed bills receivable, 3@34 per cent for prime and cables. Commercial on banks 4 81f@ 4 82 and docu
i@ 5 per cent for good four to six months’ single names, ments for payment 4 81@4 814. Cotton for payment
4 81@4 814, cotton for acceptance 4 81f @ 4 82 and
the late month in the make of iron, establish
ing a new high record. There was an addition
of five furnaces net to the number in blast,
while the output increased nearly 8,000 tons per week.
On the 1st of January, according to these figures, the
active furnaces numbered 200, with a capacity of
243,51G tons per week. Within a few days we should
have the annual compilations of Mr. James M. Swank,
of the Iron & Steel Association, and it will be
interesting to see what the output of iron
was during the
late calendar year. In the
meautime the figures of the “ Iron Age” tell us that
the country is now producing iron at the rate of over
twelve million tons per year. A peculiarly gratifying
feature is that coincidently furnace stocks (sold and
unsold) keep declining, there having been a further
decrease during December, reducing the total to only
50G,S75 tons.
J ajtcabt 14. 1319 ]
l'HE CHRONICLE.
55
grain for payment 4 Sli-gD S li. The following shows
As a result of this performance the Brisson
daily p o d e l rates for exchange by some of the leading Ministry did, to he sure, collapse, and a cry
drawers.
of exultation arose from the anti-Dreyfus agi
tators.
But their triumph was short.
The
TtrM.
FitJ-.
M o n .,
W a d .. Tatra..
F si.
>
J a n . 6. J a n . £ . Jan, 10 J a n . 11. J a n . 12. J a n . 13.
new Ministry put. its hand firmly to the wheel,
S2*
J 60 days.
83
83
S3
82*
Brown B ros*..... (S ig h t-..
forced the revision question, in the face of frantic
85*
85*
8 5*
8 5*
*5*
S5*
52*
82*
62*
82*
J 60 days.
83
Baring,
*2 *
protests from the army, into the hands of the highest
Magoun S t Co.. ( S ig h t-..
SS*
85*
85*
85*
8 5*
85*
32*
82*
\60 days
S3*
8 2*
82*
Bank British
Q *
2
civil court, cleverly check-mated an attempt by the
=5*
86*
85*
No. A m erica-. <Sight-..
83*
35*
85*
82*
83*
8 2*
Bank o f
5 do days.
*2 *
S3*
^2*
military clique to impose a star-chamber condemna
85*
S6*
3 6*
M on treal. . — > S ight-.8 5*
85*
8 5*
8 2*
83
83
82*
Canadian Bank J 60 day*,
SS*
S3
tion on the principal witness, and clearly allowed the
85*
o f Comm erce.. f S ig h t-..
8 6*
85*
MS*
85*
8 2*
83
83
Heidelbach, tck- je o days.
82*
82*
83
fact to be understood that it was protecting the ju
eJhelmer A Co. ( 3igh t--86*
853
86*
86*
85*
85*
8 2*
diciary against either the army or any other outside
82*
j 60 days.
S2*
82*
Lazard Freree... ( Sight— .
S5*
84«
56*
§$ 885* influence.
Merchants' Bk. (60 days,
8 2*
32*
8 3*
2*
85*
o f Canada........ f Sight— .
86*
£8 8 5*
This week, then, with the hour for submitting the
The following statement gives the week’s movement
formal decision of the Court at hand, the opposition
of money to and from the interior by New York hanks.
makes another and very probably a final effort to turn
R e c e iv e d b y
S h ip p e d b y
N et In te r io r
back the hands on the dial of rational government;
W e e k B n d i m J a n . 13. 1 8 0 9 .
N , 7 . Banka. S . T . B ank*.
M o v e m e n t.
and the new explosion, disquieting as it may he from
Currency................................................ t7.91H.000 $2,927,000 Cain.$4,989,000
Bold........................................................
1,321.000
489,000 Gain.
832,000 some points of view, shares with the previous out
M. Quesnay de
Total gold and legal tenders..... S9.237.000i $3,416,000 Gain. $5.8 21,000 breaks the element of absurdity.
Beaurepaire, President of the civil division of the
With the Sub-Treasury operations the result is as
Court of Cassation, is perhaps as much a politician as
follows.
a jurist; hut his office was one of great dignity, the
In to
Out of
.V#t O h a n Q f (fk
W ..k B o d i n g J a n . 13, l » » .
resignation of which, with angry accusations against
B ank*.
B ank*.
B a n k H o ld in g * .
Banks'interior movement. at above $ 9 . 237.000 S3.418.000 Galn.S5.821.000 his colleagues, was a matter for great regret, chiefly
isnb-TreatTiry operations.................. 32.000.000 32.GOO.OOO Lee*.
800.000 because such performances
tend to bring the ju
Total gold and legal ten d er*..... $41,337,0001*38,016.000 Gain $5,221,000 diciary
itself into disrepute. But when a dig
nitary of this sort condescends to explain his
Bullion in principal European banks this week:
action on the ground that one of his fellowJ a n . 12. 18S«
J a n . IS. ISOS
judges had ordered refreshments for a witness;
B ank of
S ilv er.
B o ld .
T ota l,
B it i d .
| S ilv e r .
7 o fa .
when, in half a column of fustian declamation, he
ii
S
1
I
$
*
*
'
K e g la n d . . . .
3O,90(MOt'
$0,900,400 31.387,268 _____ . . . .
S 1.387,268
tells the public of his emotiou aud grief over a divis
7 2 .i2 3 .0 l/- 47J840.71S 120,271,763 77.346,755 48,314.110 125.640.665
F r a n c e ..
ion in the Court, of soldiers “ about to shed their
S* W VJO o 13,872,000 40,211,000 £0.129.000 16,021.000 41,160,000
G e r m a n y ...
B asal a
l0 1 .0 B 4 .f0 l 4 ,190.000 105.24 4.000 i f $ , 0 7 7 , LOO 3.857,000 421,93 LOCO blood for their slanderers,” aud of his own indigna
A ttK .> U a n jc'y 35,925.000 12.393,000 *8.317.000 36.437,000 12.336,000 48,773,003
tion that the high judiciary should “ maltreat the
S p a i n . ..
11.06S.OOC 8,167.000 !9.**9,Q 00
0,431.000 10,810.000 18,7-11,0-0
T.2IH.OOO 16,728.000 2.086.000 17,8*4,000
I t a l y ............... 11,920 000 2.3 U.GOO 1
army iu favor of a traitor ” —it is difficult to treat the
8 ,7 4 “ .'500 11,062. OOf
N e t h e r la n d s .
*.314, 3
2.629 0 00 6,789,000
9.418,00*
4.830.090
3,320.000 1.810.000
N a t, B e l g i a n .
2 6 61,000 1,430,000
4 ,2 9 1 ,0 *
episode seriously. We observe that even the Paris
T o L t h l * w e e k 300.442,451 06 000,718 397,403.171 323.00 7.0 t3 100052110 423 050.133
newspapers most read in the boulevards are talking
T o t . p r e s , w ic 2 96 .91 4,7 8- *.*.963.380 *92,078.1 !9 3*1.707.194 99,420,067-421,180,251
impatiently of M. de Beaurepaire’s “ wordiness.” It
seems to be the Nemesis of the military clique iu this
THE D R E Y F U S V.i / TER A Y D TH E FRENCH controversy that at every important juncture the
COURTS.
action of its advocates is surrounded with an atmos
Two somewhat conflicting conclusions are drawn by phere of opera-bouffe.
the European press in general regarding this week’s
We do not, however, care to emphasize this element
new incident in the Dreyfus revision matter. One, in the situation. What seems to us the really im
which is pretty generally reflected in the cable portant fact is that this new and sensational demon
despatches to our own newspapers, is despondent, on stration by the anti-Dreyfus party appears, so far as it
the assumption that a public breach in the Court of is possible to judge at this writing, to he going the
Cassation itself, and an appeal by one of the members way of previous demonstrations of the kind. It is, as
of that Court from his associates to the public, shakes usual, the sensation of the hour on the boulevards; it
the last stronghold of justice and common-sense. has provided, as usual, a theme for a few impassioned
The other conclusion draws encouragement from the orators in the Deputies. But even in the Deputies,
fact that even in the face of these desperate expedi the Government weathered Thursday night’s storm
ents by the opposition, the Government and the Court with little difficulty. The reader of the news hears
are steadily pursuing their way towards a sane and little of a possible blockading of the course of justice
sober settlement of the question. With this view of as a result of the new outbreak; ou the contrary the
the matter we most decidedly agree.
week’s later dispatches uniformly foreshadowed an
What has most impressed us in each successive early and probably favorable report by the judges in
effort of the anti-Dreyfus agitators, since serious the matter of revision. We do not hear of popular
statesmen resolved on pushing the affair to a conclu rioting against the pro-Dreyfus party; indeed, since
sion, is the hysterical tone assumed in the various the failure of the attempted public outbreak when the
“ denunciations.” We hardly need to recall the ex Dupuy Ministry announced its policy, there have been
hibitions of tawdry sentiment by the army officers on quite as many demonstrations for as there have been
the witness stand at Zola's trial, or the theatrical against the accused officers.
We do hear, in the various newspaper dispatches,
resignation of the war portfolio by Gen. Ohanoine
of renewed probability that there will he a revolution
last October, accompanied as it was by an impassioned
declaration to the Deputies that he was the “ guardian in France, and that the existing government will go
of the honor of the army," and hurled without decent down at the hands of some one of the various pre
tenders. But then most reader* e* t>* dispatches can
notice at the heads of his Cabinet associates.
56
THE CHRONICLE.
[Vol. LXVIIf.
recall curiously similar predictions, made when the made itself felt in France, particularly when the
Brisson Ministry went into office, when Zola made strain over Fashoda was greatest. It upheld the
his chargos, when Dupuy and his associates resolved Ministry while that Ministry was managing an
diplomatic retreat, and it
on a revision policy, and when the Court of Cassation exceedingly difficult
entertained the-caso. The predictions were as base is upholding the Government now in its very
less then us they are now, and they merely prudent moves to smoothe over the remaining ele
reflect, in our judgment, a foolish habit grafted ments of international friction. But it was quite
on criticism of French politics by recollection of inconceivable that this influence should be exerted
an epoch now quite past and gone. It is a thus powerfully in diplomatic affairs, and yet should
fact that France during the century following the leave the running sore of the Dreyfus complication
revolution of 1789 changed its form of government unhealed in the body politic. As we take it, the
eleven times, and that none of these numerous gov citizens who now are really governing French public
ernments up to the Franco-Prussian war lasted longer opinion have resolved to settle this matter once for
than eighteen years. Therefore it seouis to have all, and know, despite M. de Beaurepaire and the
been concluded by many critics that no French Gov army cabal, that its settlement is in the proper hands.
ernment can outlive a generation.
But the present Fronch Republic has already en
FAILURES AND THE CURRENCY
dured for nearly twenty-eight years; it has successWEAKNESS.
ully withstood the shocks of internal dissension,
It hardly needs to be said that a study of a year’ s
parliamentary chaos, attempts at usurpation, resigna
tion of two chief executives and assassination of failures is never as agreeable as a study of its suc
anothor, and we see not the slightest reason to believe cesses. Such statements have of course a specia
that it will net survive a military conspiracy. Indeed, importance as a part of the history of commercial
to our mind the clearest proof of the strength of the affairs; that is to say, the record for any twelve
French Government as an institution is the palpable months would be incomplete without a list of the
They nevertheless cover an unattractive
weakness of its internal enemies. The army cabal, disasters.
field of inquiry and are a feature that, as a rule,
which began by threatening, presently came down
to pleading for mercy, and eventually to begging in no measure foretells events, but reflects past
somebody in a conspicuous place to speak for it. conditions; hence, usually the disclosures have very
This is not the program of a formidable enemy to little bearing upon the future. This is especially true
existing powers. The absurdity of the position of the of the current mouth’s statement; in other words,
various pretenders has been brought home to every this exhibit of inso venoies tells the story of what
Frenchman. These gentlemen have for months been has happened in that particular since January 189S,
urging that somebody call for them as deliverers, and but sheds no light by itself upon, nor does it convey
nobody has called. The result has been that even the any instruction with respect to, the course of business
boulevard gossips have learned, what the investment during coming months.
Thus it happened that every one knew before the
markets and competent foreign observers understood
receipt of Dun’s compilations that when made public
many months ago, that national revolutions do not
come because they are copiously advertised, and that they would show a better state of things than last
what the great mass of people in France are resolved year’s exhibit. It was likewise equally well known
to have, first of all, is peaceable and intelligent that since no special catastrophe, no commercial or
Government We suspect that this important fact financial crisis, had been an incident of the period re
has been learned in another very useful quarter. At viewed, that therefore no important lesson could be
the time of the Brisson Cabinet’s collapse, three mo nths drawn from the details given for the last year. So
ago, it was virtually impossible to induce a Pans news far as failures are concerned, the twelve months of
paper of consequence to print any news except such 1898 include a very ordinary period of a gradual but
as catered to the anti-Dreyfus sentiment. It needs decided recovery from business depression, and the
only cursory reading of this week’s Paris dispatches disasters are the natural outcome of such a period.
to learn that some of the most powerful journals of Hence we find the total number of insolvents for the
the city are discussing the present episode with a year is only 12,186 with $130,662,899 liabilities,
calm and unbiassed tone suited to rational criticism. against 13,351 in number and $154,332,071 of aggre
This is perhaps the strongest of all proofs that the gate liabilities in 1897 ; furthermore, there is no year
faction which, in this matter, loves darkness rather since 1892 when either the number or the liabilities
than light, has lost its case.
have been so small. The following statement shows
There are numerous reasons for this wholesome these results each year since 1890, inclusive.
change in the situation; but the most potent influ
.— F irst 6 m on th s.— , ,— L a st 6 m on th s. — , ---------Total Y e a r -------- ,
N u m b er A m o u n t
N u m b er
A m ount
N u m b er
A m ount
ence, we imagine, has been the diplomatic experiences
F a ilu re s. L ia b ilities. F a ilu r e s . L ia b ilities. F a ilu r e s . L ia b i l i ti e s .
through which France has lately passed. The French
$
$
$
1898..
6.718 67,444,639 5,468
63,218,260 12,186 130,662,899
people have learned, and perhaps not without humilia 1897.-6,821
91,692,787 6,530
62,639,234 13,351 154,332,071
tion, that critical international situations can arise as 1896..
7.026 97,869,682 8,062 123,227,152 15,088 226,096,834
88,839,944 6,540
84,356,116 13,197 173,196,000
suddenly as parliamentary crises, and that it may be 1895.-6,657
1894..
7.033101.733,3066,847 71,259,550 13,885 172,992,856
quite as well to confront such situations with a strong 1893..
8.401168,879,5398,841 177,900 350 15,242 346,779,939
5.503 62,273.680 4,851
51,770,487 10,344 114,044,167
government not hounded and torn by internal dissen 1892..
1891.-6,074
92,416,267 6,199
97,452,371 12,273 189,868,638
sion and conspiracy. When foreign relations have 1890.-5,385
65,319,384 5,522 124,537,580 10,907 189,856,964
become visibly disturbed, the sober-minded and con
The foregoing indicates that so far as the 1898
servative people of any State are certain to be record is studied by itself or in connection with its
heard from, and this no less in France than in predecessor, it proves to be in every way a correct
England, or Germany or the United States.
The reflection of the business situation.
In the first
restraining influence of this sort of public opinion place the improvement is found to be progressive.
THE CHRONICLE.
J a sc a sy 14. IS' 9.J
The number of failures and the amount of liabilities
are both smaller in the last half of the year than they
were in the first half. That increase conforms to the
progressive character of the industrial development,
and shows a gradual lessening of the strain to which
those engaged in commercial affairs have been for so
long a time subject. Moreover, the totals for the
year make a highly satisfactory comparison with most
of the years in number of failures, and with all the
years but 1892 in liabilities; this feature reflects
the industrial situation also, for beyond doubt the
business prospect is more promising to-day’ than at
any date included in the foregoing compilation.
But when we take a long series of years for our
study the figures of failures always afford very sug
gestive and useful teaching. We can, indeed, reau
the industrial history in that way more accurately
and instructively than in any other. Of course there
are failures in every twelve months—that is in
evitable. By no means has every man the qualities
which serve to turn out a successful merchant or
business manager. ’The art of making two blades of
grass grow where only one has hitherto been gathered,
and so increasing the yield as to bring a net profit
out of the year’s product against a loss under the old
conditions, is an end by no means attained by every
agriculturist, and yet that is substantially the prob
lem most successful business men have had to solve.
Raising the two blades of grass is often easy enough ;
but so raising them as to secure a satisfactory
addition to income requires diligence, judgment
and thrift. It is no wonder, consequently, that fail
ures are always a large incident in any year’s events.
Hence with conditions for business ventures normal,
that kind of disaster must be a pretty constant quantity,
not so very unlike the death rate which is the basis
of the life insurance contract. There are, though,
years when the rate of failures is above and others
when it is below normal. Those are the years that
call for investigation. In that interest we give the
following, which presents the number of failures and
volume of disasters for each quarter of the twelve
months since 1878.
Oa II.ITnos—
F ln t Quar.
Second
IMrdQr.
fourth Qr.
Total.
Number.. 1 8 9 * .
3,487
8.031
2 .5 10
2.02s
12.100
f.labilities........... t3S.St4.M5 l3l.iiM.07l t2S.10i.77S tS8.tlS.iS2 tlSo.6H2.HOS
Number.
3,5*2
2.H6P
:.W I
3jMt>
ls,S6i
nubilities........... t l 4.007.111 tl3.wil.H70 t2S.6tl.lS4 tS7.tK«,006 tl51.M2.071
Number ISOS
l.OSt
2.001
3,757
1.306
1S.08H
Liabilities ____ t67.it5.135 tlO.Ul.M7 t73.2SS.3iO 151.011.403 1224.094.8.4
Number I Nil j .
M 02
2.N55
2.702
3,718
13.107
Moblltrlea........... f 17.813.483 i l l . 0.4.241 t32.147.l70 * ' -\is*-,7.i7 ti73.10H.040
Number . IH 8 4 .
1.301
7.731
2X4
3,070
11885
l.labtlltlae........... $41,137,333 t37.i0f.D73 t2O.tll.104 tl> .*l“.15l tl72,l>0t.854
Number 1 > 9 3 .
3.107
3.184
1.015
•
1.811
15.212
liabilities........... 117,323,205 1121,511,239 187,170,821 115.116.471 t3ir.778.030
Number 1SW2.
3J8I
7.110
1.081
2.857
10.311
Liabilities........... t30.27l.319 t22.0-0.S3l tl8.460.235 t33.LD.252 1111.011.167
Number 1 8 0 1 .
3.M5
2.520
7.751
3,115
12,273
Liabilities ........ tU.147.ASl tI0.218.43A tl 1.302.191 113.119,8:7 tlb9.M8.4S8
Number 1 8 0 0 .
3.223
7.142
2.104
3.374
10,907
Liabtlltle*......... tV7.857.l4S t77.l4H.114 t35.162.U4 t89.W 5.lll tl89,8t4.941
Number .1 8 8 0 .
3,311
2,202
2.274
3,003
J0 .8H
2
Liabilities........... tl7.972.514 027.854,387 t3V.'«r.(M5 618.728.160 tU8,7H|.367
Number.. 1 8 8 8 .
2,0 18
2,241
2.201
3,129
10.470
Llabilldea........... t'W.MH.THO t29.72f.370 t22.lll.25i t:>3.iir,l,6t 0 tl23.820.073
N um ber.1 8S V .
3.007
1,906
1,038
2,781
9,031
Liabilities......... t32.141.742 t22.97e.330 t73.027.ffi4 t30.i0l.294 tl57.6to.9ii
Number. 1 8 8 0 .
32 3
1.963
1 032
2,710
9,831
Liabilities........... *59,631.720 120.762.731 t27.2»7.6.i0 t38.982.020 tlll.lSn.119
Numlier. 1 8 8 5 .
3.45-1
2.314
2 173
2.1R0
10,637
Liabilities........... tl4.I2l.0Sl 128,401,301 123 871.391 $25,423,675 tl21.ii0.321
Number 1 8 8 4 .
3,294
2.714
*,348
3,113
10.948
Mobilities........... tiO.l84.078 18I.244.:|01 164.427,821 tl5.321.321 $224,313,127
Narnlw 1 8 8 3 .
M SI
1.816
1803
2,711
9.184
Liabilities..------- $38..772843 t27.«10.3«l t62/*72,-Kl t6i.612.254 1172,871.172
Namier 1 8 8 ‘A.
1,191
1,470
1,300
1,841
0,738
Liabilities........... 133.338.271 I17.tl2.419 tl8.W2.803 $12,023,761 1101.617.544
Number 1 * 8 1 .
1.141
1,105
1,0 2 1
1,602
6,682
Liabilities.......... I2i.147.260 tl4.4BO.396 tl9.117.345 130,46.929 181.166.932
Number 1 8 8 0 .
1,132
1.046
979
ljt'9
1.735
Liabilities........... tl2.777.071 t20.U1.H89 172.121.422 t20.711.816 145.752,000
Noisier . 1 8 7 0 .
2,521
1 534
1,'Of
I,*28
6.058
Mobilities......... tl3.112.H45 t226'4,72j 115,275,560 117.091,113 t98.119.063
Number. 1 8 7 8 .
AMS
2.170
2.85*
1.800
10.178
Liabilities ......... *82,078,826 118,753,910 $44,378,343 137,172,003 12711.381,132
57
mercial life. No one who passed through the earliest
cycle the above compilation covers can ever forget
the phenomenal prosperity of the four years immedi
ately succeeding the adoption of gold payments in
1S79. That little piece of history stands forever as a
striking protest against unsound m oney; whereas
later history shows in an equally striking manner the
trouble which compromises with currency errors en
tail. For unfortunately when we prepared the ground
for the industrial prosperity that began in 1879, we
sowed tares among the wheat. They grew together
well enough so long as the tares were of small size.
Bnt in 1882 there were developing evidences of inter
ference ; in 1883 and 1884 this reached a decidedly
troublesome stage. This is clearly shown in the gradual
increase in the number and liabilities of the fail
ures for the years 1882, 1883 and 1884.
Never since 1882 have our industries been wholly
relieved from the harmful inlluence of silver issues of
one kind and another begun in 1878. There was a
partial suspension of the pressure in and after 1885 by
a large increase in the holdings of gold and currency in
the Treasury accumulated under Secretary Manning’s
Administration; and also by the retirement of bank
notes, which contraction was begun in a small way be
fore that date and continued until 1890, when the notes
outstanding had been reduced about 180 million dol
lars, thereby and to that extent opening a place for the
circulation of silver certificates; this was supplemented
in some measure by the small-silver-certificate law
of 1886, providing for the issue of one, two and fivedollar certificates and by the withdrawal by the Treas
ury Department (continued until 1891) of nearly all
of the one and two-dollar legal tender and national
bank issues. These changes and the pressure they
eased are all reflected in the above statement of fail
ures, as also is the later action of the 1890 law. We
have no space to present the details and set out the
facts, which we gave years ago, showing the workings
of tho devices referred to. We must content ourselves
at this time with these general statements.
Of course now again we are rejoicing in our safety ;
but it is only a safety whioh fortuitous circumstances
have bestowed and which in the nature of affairs can
not be permanent. To bo sure, our currency problem
has changed somewhat. Tho conditions, though, re
main which were the cause of our latest and severest
experience.
______________________
X'.'LISH ORDERS FOR AMERICAN LOCO
MOTIVES— EUPHRATES VALLEY R A IL W A Y PRO
JECTS- CO OPERATIVE PRODUCTION—IRENCH
COLONIAL POLICY—A BILL AGAINST
CORRUPTION IN BUSINESS*
M anchester, December 28, 1898.
Last week contracts were concluded by the Midland
Railway Company with two American locomotive
manufacturers for twenty engines. Ten of them are
to be made by the Baldwin Company of Philadelphia
and ten by the Schenectady Company. The engines
are to be constructed according to English specifica
tions, and the prices to be paid are somewhat less
than the current quotations of British makers for
similar work. It is not the lower prices which have
induced the Midland directors to send these orders
across the Atlantic, but the fact that they cannot be
obtained on this side within the time prescribed, viz.,
four months. The engines are for freight traffic.
Taken in this comprehensive way we get a kind of The Midland Company has itself large locomotive
panoramic view of the ups and downs in our com
* C o m m u n ica te d b y o a r S p e cia l C o rre s p o n d e n t a t M a n ch ester.
58
THE CHRONICLE.
works at its headquarters, Derby, but only passenger
engines are produced there. The incident confirms a
statement previously made in this correspondence to
the effect that a considerable amount of orders for
engineering and other iron and steel work has for
some time been going to the United States because
of the abundance of contracts held by manufacturers
in this country. This transference o f business is
partly a consequence of the great engineers’ strike
and partly of the exceedingly good demand all over
the world for engines, machinery, shipping, and a
multitude of articles made from iron and steel.
There is nothing irrational in the belief that notwith
standing these exceptional conditions, the United
States will permanently retain a portion of this new
business.
Attention is being drawn to a promising field for
engineering and industrial enterprise of great extent
in one of the earliest homes of civilization. Several
schemes for the construction of railways in the valleys
of the Euphrates and the Tigris have been brought
forward during the last thirty years. Their main
purpose has been to provide a short and rapid means
of transport with India and the Ear East. Partly
no doubt 'for political reasons and partly because
the Suez Canal has done so much to facilitate com
munication between the West and the East, these
schemes have come to naught. But within the last
fortnight it has been reported from Vienna that a
proposal is now under the favorable consideration of
the Sultan and the Goverment of Turkey for the lay
ing down of a railway with branches between the
Mediterranean and the Persian Gulf. On the Medit
erranean seaboard the point of departure is Tripolis,
a small place, without harbor as yet, but capable, it
is said, of being made into a port. It is situated
about sixty miles north of Beyrout. The line is to
proceed over the northern spurs of the Lebanon
Mountains, reaching a height o f 2,000 feet, and
thence to Palmyra ( “ Tadtnor in the Wilderness,”
founded by King Solomon). From this point it will
pass to the Upper Euphrates and then down the
valley, throwing off a branch near Bagdad to the Per
sian frontier, and another southward into Arabia, the
main line going on to Koweyb, which is also a possi
ble port in the northeast corner of the Persian Gulf.
A request for a concession has been addressed to the
Turkish Government by a Russian in the name of an
international syndicate of which he is the represent
ative. He asks also for exclusive rights to construct
irrigation works, to drain swamps and to utilize the
mineral deposits on the line of route. It is calculated
that at an average speed of 40 miles per hour from
Tripolis to Koweyb, the time now occupied between
Brindisi and Bombay may be reduced from 13 to 8
days. But apart from the doubt as to the attainment
of so high an average speed on the railway, there is
the certainty that the Peninsular & Oriental mail
steamers can be very considerably expedited, their
contract rate of steaming being now much below their
potential capacity. When, therefore, together with
this fact, the necessary disembarking at Tripolis and
re-embarking at Koweyb are considered, the apparent
advantage of the proposed line is greatly lessened.
On the other hand, it is undeniable that from some
points of view the scheme suggests possible results of
the highest importance. Within the last few days I
have conversed with persons well acquainted with the
regions surrounding the Tigris and Euphrates, includ
[ \ ol.
Lxvm .
ing a former Indian officer who has resided there for
some years, and who had previously had abundant
opportunity of observing the methods and the good
fruits of irrigation and other public works in India.
The impression produced by these conversations is
that the great tract of country through which these
rivers flow may, at no great cost, be converted into a
source of wealth not incomparable to Egypt. The
question is the more worthy of prominence because,
owing to long neglect, the navigation on these rivers
is becoming more and more difficult every year by the
destruction of the banks and the diminishing depth
of water. During the last three or four years large
quantities of merchandise have at times accumulated
at Bussorah, failing proper means of transport. Fully
one-half of these consisted of imported cotton manu
factures, chiefly English, Indian and American, on
the way to Persia through Bagdad, the rest being for
distribution in Mesopotamia and the adjacent dis
tricts. There can be no doubt that a competent In
dian or American engineer, backed by a comparatively
moderate amount of capital and a suitable arrange
ment with the Turkish Government, would be able to
make a very profitable investment in improving the
navigation and in converting, by irrigation and drain
age, what is now little better than a huge wilderness
into a highly productive region. Of the natural fer
tility of the soil there is no question. It is attested not
only by the remains of ancient towns and villages and
traces of canals which formerly supplied moisture to
the land, but also by the reports of modern residents
and travelers.
The decisive consideration in regard to these prob
lems is the ultimate disposition of the Sovereign
Power—the Sultan. He has already a personal in
terest in the navigation of the Tigris and the Shattul-Arab, the name given to that river from its con
fluence with the Euphrates to the sea. Between
Bussorah, near its mouth, and Bagdad— a distance by
water of nearly 500 miles— only five small steamers of
from 200 to 300 tons are allowed to ply, and three of
them belong to him, the remaining two being owned
by Messrs. Lynch Brothers of London. These are
insufficient for the traffic. They cannot be loaded to
draw more than four feet, and even thus restricted
they are frequently obliged, on reaching the suc
cessive shallowa, to discharge part of the cargo and
drag it along the banks, to be replaced on board
as soon as the deeper water is again reached. The
private staamers are forbidden to tow barges, appar
ently for the purpose of reducing competition with
the Sultan’ s craft. These, for want of repair, are
fast going to ruin. Everything is done to get the
greatest possible immediate revenue without the
slightest regard to the future. It is conceivable, no
doubt, that the Sultan might be disposed to sanction a
project— if international all the better— for improv
ing the navigation and constructing irrigation canals
and drainage works, since it might be easily shown
that the carrying out of these enterprises would
vastly augment the revenue of his Government. But
the present railway scheme— which is really Russian—
involves possible political complications, and the risk
of these, one may well imagine, the Sultan is very
unlikely to incur. There is some reason to believe,
moreover, that the proposal has been brought forward
just now as a rival of another railway project in that
part of the world of which more will probably be
heard before long.
J asc ak y 14. 1889, J
THE CHRONICLE.
59
,
The Labor Department of the Board, of Trade, But the telegram gives the amount of imports of texr
corresponding in some of its functions with the Labor tile fabrics— chiefly cotton goods—the principal comBureau of Washington, has in recent years given in modity supplied to Madagascar from without dure
creasing attention to the statistics of Co-operative ing the eight months from February to October 1898,
Production and Distribution in the United Kingdom.. from France and from other countries respectively
i
It ha3 just issued statistics for 1897 collected from Comparing these statistics with the corresponding.
3
the societies which engage in production.
The figures for the whole of 1896— the last complete year
a
figures showing the amount of the business done is of the former regime—the result is very striking. In
3
not to be compared with those giving the value 1896 the imports were $772,000 from other countries
3
of the commodities passing through the distributive and only $90,500 from France. But in the eight
branches. They are, however, of great interest be months referred to they were not not more than
>
cause they show that the producing departments do $298,500 from other countries and $1,158,000 from
get through a large amount of work and that they- France. It is quite possible that in this last item
embrace many kinds of industry. Returns were re some British and American goods, which used to be
ceived from 805 societies, employing 29,668 persons, almost exclusively sent to Madagascar, may be inwho produced goods of the aggregate value of $47,-. eluded, having been first imported into France and
257,860 during 1897. They received in wages andI there “ nationalized:'’ by payment of duty. There can
bonus the sum of $7,491,030. In the following table; be no doubt, however, that practically that market is
the number of societies, and the number of men,, now closed to all but French textile goods, since spec
women and children engaged in each kind of industry ial efforts have been made to imitate the cloths of
the United States and England, and the trade-marks
are shown.
— -Vo. o f p e r s o n * em p lo y ed .— > by which they were known to the natives.
In d u s tries .
S ocieties. M en . W om en. U nd er IS. Total
It may be as well to state, however, that it is under
1,520,
5S
Bonding.................. .................... .. 34 1,462
350
13
364 stood here from some words spoken by Lord Salis
M i»lojr»nd » lU » r T Y lD * .~ ..............- .. 3
124
771
531
H 6
watai, ene1nwring& shipbulid'g. 19
G65
3,68 i bury uot long ago that the British Government has
Textile®..............................., . ...... .. 23 3,449 1.507
Clothimr —
7,598 never yet assented to the doctrine that the annexation
1,253
Boot* and shoo*...................... ..331 5.104 1.741
4,562
765
Tailoring, mantle* A •hlrtm'k'tr. 19(> 2.061 1,730
2, **97 of Madagascar annulled the treaties previously made
733
Dressmaking and millinery.... .209
1 1.503
30
694
526
139
Farming, dairying sunt fl»hfag. n «
990 by the deposed Queen of the Island with various
242
221
527
Printing and allied trade*____ . 18
16
705
134
Woodworking and furnishing. . 17
525
94
235 countries— Great Britain and the United States in
ISO
31
Soap and candle making........... . 2
Pood preparation 008
4.042 cluded— which limited the rate of import duty to 10
Bread making & ronfectionery 439 3,143
291
24
«97
844
29
Corn milling............................. . 26
It is not unlikely, therefore
84
22*
425
738 per cent ad valorem.
Other food*................ .
554
356
130
68
Other Industrie*.......................... . 13
that this question of the Madagascar Customs tariff
4.875 29,6 68
17,238 7,555
T o t a l* ...........................................
may be amongst those which still remain unsettled
255
1000
16-4
5 91
Percentage of total. ...........
between France and Great Britain. In this connec
Note . - T he <min of lho Snr column doe* not oorre*pond with the
number o f societies represented, because a few o f them carry on tion it may perhaps be noc improper to refer to a
more than one kind of industry.
conversation which recently took place between the
Dividing the whole sum earned by the total num present writer and a professor of one of the higher
ber of persons employed, the average works out to a educational institutions of Paris. The subject was
little over 1252 each for men, women and children. the attitude of the leading commercial nations toward
Apportioning the aggregate earnings of $7,491,030 French territorial expansion. The view was advanced
according to the most likely estimate, it appears that that in England, where public opinion on this matter
the wages of men are about $7 per week, reckoning was perhaps more openly expressed than elsewhere,
50 weeks to the year; of women $4, and of ehildrm the expansion in so far as it meant the introduction
nearly $3. It should ho observed that the co-opera of civilization and orderly government in regions
tive producing societies pay the regular standard where these do not exist, could be regarded in itself
rate of wages current in the industries and the only with satisfaction, but that it was the policy of
localities in which their work is carried on. A further the closed door which effectually prevented the great
point of interest is that co-operation flourishes— in commercial peoples from entertaining and expressing
both the producing and distributing branches— approval. The reply was; “ Yes, it is very true, but the
chiefly in the northern counties of England, par misfortune is that the mass of my countrymen know lit
ticularly in Lancashire and Yorkshire and in Scot tle or nothing of these things. They understand ex
land. In the South of England and in Ireland the tension of territory and they like it, but they do not see
spirit of independence and the habit of association the effect of the policy ; they are hardly aware of its
for purposes of mutual advancement are much less existence.” Influential and well informed authorities
fully developed than in other parts of the kingdom. in France are not altogether silent upon this subject,
O! the entire number of persons engaged in co for the “ Temps,” writing a few weeks ago about the
operative production, viz.: 29,668, there were 20,716 French foreign and colonial trade, took occasion to
in England and Wales, 8,550 in Scotland, and only offer a word of advice to the colonial and national
402 in Ireland.
party. It wa3 pointed out how trifling was the value
The results of “ closing the door” in Madagascar to of the colonial markets to French producers in com
all but French productions are sufficiently indicated parison with the enormous outlet for their manufac
in a telegram received from Antananario yesterday. tures amongst the older nations which are competitors
The new tariff, which is substantially the same as the with France in the world’s markets, and it was urged
home conventional tariff of France, was applied on that there was great danger whilst pursuing the sys
August 26th 1897. For eight months of last year, tem of the closed door of provoking conflicts with the
consequently, the old arrangement was in force, un countries where French productions find their largest
der which imports from all countries received identi and most valuable outlets.
It is not improbable that, during the next session
cal Customs treatment, and for four months the new
one prevailed. The year was therefore a broken one. of Parliament, a measure may be submitted, the ob-
60
THE CHRONICLE.
ject of which is to cheok corruption in business
life. At nil events, a bill has been drafted for this
purpose by an eminent authority. The bill creates
five offenses : the making of a corrupt payment; the
offering of i t ; the receipt of i t ; the solicitation of
it, and the omission to state the discount and other
allowances on any amount rendered to an agent.
Notwithstanding the well-known and absolute purity
of all branches of the British public service, there can
be no doubt that in several sections of commerce and
industry, the giving of secret commissions or of gifts
in one shape or another is not uncommon to persons
occupying a position of trust in order to gain their
favor in business transactions or to remove their aver
sion or their preference for others. There is no reason
to believe that inducements of this kind are of much
importance in the great majority of cases. But what
ever be its extent or gravity, the evil has for some time
been a good deal discussed and the London Chamber
of Commerce made an attempt a few months ago to
investigate it. Hence, probably, the draft bill.
It is a little too soon yet to frame exact and detailed
statements as to the experience of the leading
branches of trade and industry this year in the
United Kingdom. Undoubtedly the prevailing con
dition marks a decided improvement upon that of
1897, and in some directions—in the iron, steel,
engineering and ship-building departments, for exam
ple—it has been and still is highly prosperous. The
cotton industry, too, maintains fully the improvement
which set in four or five months ago. In Manchester
business generally continues active. The returns of
the City Bankers’ Clearing House from January 1 to
the 34th instant reach an aggregate amount of £L99,337,233, against £189,609,330 in the corresponding
period of 1897, showing an increase this year of
£9,727,903, or at the rate of 5T3 per cent. This may
be taken as indicating the minimum of the expansion
which has occurred during the year in purely mer
cantile and industrial transactions, since there has
been no unusual activity on the local Stock Ex
change.
C LE A R IN G S A N D S P E C U L A T IO N I N 1898.
[V ol. LXV111.
ditions—we find a total then of only 45,515 million
dollars, as contrasted with the 6S,833 millions for
1S98. Thus in the interval of four years there has
been an expansion of fully one-half. There have
been during the last two decades several other periods
of active trade and speculation and large bank clear
ings, but 1898 outranks them all in the size of the
total of the clearings. P<srhap3 the most significant
circumstance is that this is the first time in seven
teen years that the previous high record has been
reached and exceled, 1881 having until 1893 held that
distinction with a total of 63,471 millions. This re
lates to the country as a whole, including New Y or k
City. New York by itself does not show the largest
aggregate of bank clearings ever made, as will appear
from the following, giving the figures both for New
York and the whole country.
C L E A M N .G S .
Year.
New York
Clearings.
1898 .........
1897 ...
1898....
1895...........
1891.........
1S93...........
1892...........
1891...........
1890...........
1889...........
1888...........
1887...........
1888...........
1885 .........
1884...........
1883...........
1882...........
1891.........
1880...........
1879...........
1878...........
$41,971,78-V 37
*■>•**7,027.471
~w
,870,/75,056
29,841,790,924
24,387,807.020
81,201,037,730
38,662,469,202
33,749,322,212
37,458,607,609
35,S95,104,905
31,100,027,521
33,474,556,268
33,676,829,612
28,152,201,336
30,985,871,170
37,434,300,872
46,916,955,031
49,376,882.883
38,614,448,223
29,235.673,829
10.858,671,307
Per CtClear
Per Ct.
Inc. or ings Outside Inc. or
New York.
Dec.
Dec.
Total
Clearings.
+-25’6 $20,912,130,143 4-12*6 $38,883,918,530
+15-8 23,894,945,735 +6*4 57,321,973,206
—3‘3 22,463,153,383 -4*2 51,333,931,439
+22*3 23.430,494,490 4-10*1 53,272,291,414
21,157,303,03
-2 2 0
45,545,110,039
-7*6
-11-7 22,962,270,2 7S -9*4
51,223,308,003
+8-6 25,3 48,63S,020 +10*8 62,011,107,222
- 9 ’9 £2,987,037,805 -0*8 56,736,300,017
+4-4 23,105,332,888 +14*2 00,023,940,497
+15-4 20,280,223,091 +10*0 56,175,327,996
-7*1 18,441,607,337 -H-3 49,541,634,888
17,072,972,820 4-13*2 51,147,529,094
-0 -0
+19-6 15,610,891,606 +17*2 49,293,721,218
—9-1 13,321,839,708 4-0*8 41,474,041,044
—17-2 13,214,113,013 -7*6
44,199,984,783
—20-2 14,297,171,924 +2*4 51,731,472,790
13,962,286,579 —0*9 60,878,241,610
-5 0
14,094,500,301 4-23*9 03,471,339,244
+27-9
4-32*1 11,875,400,000 +28-1 49,989,848,223
4-47*2
9,290,800,000 +16-8 38,526,473,829
-0*7
7,955,100,030 —6*2 27,813,771,307
Per Ct
Inc. or
Dec.
+20*2
4-11*7
—3*7
+10-6
-15*9
—12*5
+9*5
—0*4
+7*9
+13*4
—3*1
+3*8
+18*9
-0*1
—14*0
-15*0
^4*0
+37*0
+39*7
4-38*5
—0*0
It will be seen from the foregoing that while the
amount of checks cleared at this point in 1893 was
41,971 million dollars (contrasting with 33,427 mil lions in 1897 and 28,870 millions in 1898), back in
1882 the aggregate cleared at New York wa3 46,916
millions and in 1831 49,376 millions. Toe difference,
however, against 1898 in these cases is explained en
tirely by the fact that notwithstanding the activity o f
speculation on the Stock Exchange during 1898 the
share sales fell below those in these earlier years, and
by the further fact that a very large portion of the
dealings in stocks is now and has been since May 1892
cleared through the Stock Exchange Clearing House,
effecting an enormous saving in the cheeks which must
pass through the bank Clearing House. Except for
these circumstances New York clearings would stand
away ahead of those of all preceding years, just as do
those at most other points. The record of the yearly
stock sales back to 1879 is presented herewith.
Bunk clearings for the calendar year 1898 are fully
in keeping with the character and course of trade
during the twelve months. Tire year was in many
respects a remarkable one. It was a period of great
and growing activity in our industries as well as in
Stock Exchange speculation. As a result many new
high records were established in both directions. The
statistic? of bank clearings reflect this gratifying N U M B E R AN D V A L U E O F SH A R E S SO LD AT N E W YORK. S T O C K E X C H A N G E
situation, and at the same time themselves contribute
Stocks,* A v’ge
Values*
Stocks,* A v ’ge
Values*
to make the year noteworthy by furnishing aggre Year. Shares. Price (ap’roxim ’te) Year. Shares. |Price (ap’roxim ’te)
1898.... 112,699,957 72*7 $3,187,413,985 1888.... 05,179,106 62*5 $3,539,519,143
gates never previously attained.
1897.... 77.324,172 67*0 4,973,533,004 1897 .. 84,914,610 01*1 4,508.778,899
I he magnitude of the development in business and
1890.... 54,654,093 65*2 3,329,939,940 1880.... 100,802,050 65*8 5,885,662,200
in speculation which occurred appears from the fact
1895.... 66,533,232 60*3 3,808,3 18,004 1885.... 92,538,947 64*1 5,479,859,840
that while in 1896 the volume of clearings for the
1894 ... 49,075,032 04*2 3,094,942,769 1384 ... 96,154,971 01*77 5,939,500,000
whole country had been only 51,333 million dollars, and 1883.... 80,977,83!) 60*3 4,550,200,916 1883.... 97,049,909 04*51 0,200,809,961
oven in 1897, after an expansion of 11-7 per cent, was 1892.... 85,875,092 03*5 4,874,014,262 1882... 110,307,271 06*12 7,689,453,430
but 57,321 million dollars, for 1898 the total rose to no 1891.... 09,031,089 57*1 8,312.247,419 188 1 ... 114,511,248 71*59 8,197,500,403
71,282,885 60*2 9,977,064,193 1830.... 97,919,099' 09*60 0,819,086,054
less than 68,883 million dollars, representing a further 1890
addition of over twenty per cent. In other words, as 1889 ... 72.014,000 6 L*0 4,059.231.891 1879 ... 72.705.782 56*85 4,130.533,570
* The j
?ha>'es
k 'd
rom
the
f
compared with 1896, only two years before, when Oomni'rce for of s tyoec a r s wo talce f1834,the r e o o r d Kept oy1833 the totaols
the
1879 to
inclusive; since
are o u r own com D il a t i o n .
things wore much disturbed and the Presidential cam t The values of sales for the years 1879 to 1832, inclusive, are th e
paign was fought ou the silver issue, there has been figures made up by The Public; the totals for the remaining years are
our own compilations.
an increase of fully one-third.
If we go back to
While for the twelve months of 1898 the share sales
18 >1—that twelve ninths of notoriously bad con fell somewhat behind those for 1882 and 1881, the
J anuary 14,
THE CHRONICLE.
18 9.J
3
61
otal for the last month, December, at 15+ million
It is a striking and significant fact, illustrative of
shares, has never before been equaled. The share sales the general nature of the improvement which oc
by months for the last two years are subjoined.
curred, that in the whole list of places having clear
THE 3ALB3 OF STOCKS AT NSW TOKK STOCK ESCHAttOB.
ing houses and furnishing clearing house returns,
there are only four where the aggregate of cheeks ex
1898.
!
1897.
changed represented a smaller amount than for 1897.
Values.
Valuet.
| Number
Month. N u mber
Of these four places showing losses two, namely
o f Shares.
AetuM. lO 'auxra
Par.
Actual.
Par.
Providence and Pall River, are iu the JSF England
ew
*
1
$
*
9.200.391 613.554.875 641,911.009 3,365,412 323.774.750 208,557,472 group, and two, Macon and Augusta, G-a., are iu the
Jan
8,950/24
&56,208.22l! 2,803,401 266.430,100 171,604,654
Feb .
The reasons for these exceptions
March. 10,086,9*8 984.492,750 788.778.5851 5,039,916 485.428.750 325,254,505 Southern group.
11,208,72 r 1.075,633,600 705,443,831 are perfectly obvious.
In the South the low price
ls tq r 23.328.203 2,770,575,825 2,083,897,8151
A p rlL . 5,979.445 588,537,130 143,291,838 S,589.007 333,716.350 229.076,827 of cotton has been au adverse feature, in ISTew
9.190.684 371,438,150 63»,711.S-3 3.141,056 324,131.850 227,037/29
those leading industries—cotton goods,
Juste. . 9,173,051 873,838,160 8S5.445.535 8.438,»28 617.815,100 432,50*3.258 England
2.311,819,780 1,7»8,U£>.*5A 13,317.988 1.277.487.300 888,816,414 woolen
td qr.
goods and leather — were all for part
a m o?.. o2/72/t*5 5.032.223,575 3tH05/47.48© 2-1.556.697 2,353,100,900 1.594, 63,046 of the year very much depressed, though at the close
J o iy -.- 4.791,787 1 461,349,550 j 360,661.040 8.896,074 653,123^00 458.958.383 they shared in the general improvement.
Iu the
AUtfUM. 12.105.133 1,187. »36,«O0‘ 923,778.344 11.1 ^5.2IS 1,063,901.050 658,313,855
S e p t- . 9,379,445 S S l/ll/O O 713.179,839 13,142.180 1.284.451,650 798,890.824 CiiRosrrcLE of January 7 1899 (page 1), we showed
3d ar. 23,276.263 2.529,717,650 1,907,619,823 31,473,4S2 3,003,477,500 1.914,184/8 4 the clearings at every point, and also give the totals
9 mo#. 7S.9i8.75! 7.611.943.285 5.802,90 7.291 56,030.179 5,356.573,400 3.508.237,909
by groups in comparison with the figures for 1897.
Oct ... 7,463.383 667,799,550 560,512,913 8,022.512 779,340,950 52*2.531.207
In the Wew England group the increase was found to
N ot.. .. 11.004.064 1,061/02.00* 77 2,409.707 5.815,739 569.7J 9,800 410378,378
15,283,759 1.431,779.300 1,061,502.913 7.455,74*2 719.998,900 531.917,572 be only 5-9 per cent and in the Southern group 7'6
02C..
(tit qr. S (.7 M .»8 3,2*20,rt*).-3-i 2,384,455.593 21,293.993 2,080359,650 1,485.325,155 per cent, while in the Middle Western group the gain
Year. 1 288S367 H>.83t67«OTl 8,187.422.885 T7.<24.172 7,426.138.050 1.973.553,064
was 17 5 per cent, in the Par Western 17-6 per cent,
What is true of the stock sales for December 1898 in the Pacific 15'9 per cent and in the Eastern group,
is true also of the bank clearings for that month. best of all, 24-0 per ceut. In the following table
The total for the month is 7,357 million dollars, and we report the results for each group for each quarter
at that figure is the largest of any month of any of the last five years. Examination of the statement
year. The low periods during the year 1898 were the will disclose how pre-eminent the last quarter of 1898
second and third quarters, in the first of which the was botii for large totals and for improvement over
outbreak of war disturbed business, and in the second the corresponding period of other years.
of which the near approach of the elections with the
Clearlnits Reported.
First
Second
Third
Fourth
Total
(000« omitted.)
Quarter. Quarter. Quarter. Quarter.
Year.
renewed aggressiveness of the silver advocates caused
$
?
$
$
?
a temporary pause in trade. In the March quarter
1898. 10/24,5*10 9,280.193 9.902,793 12,104,232 41,971,788
1807. 7,021.588 7,120,471 9,223,105 10,055,803 33,(27,027
the aggregate of the clearings was 17,205 million
1896. 7,251,662 7,147,931 0,514/86 7,850/90 28,870,775
New Y ork.................
dollars.
In the June quarter the aggregate
1895. 6.499.855 7/83,105 7,217,000 8,436,717 29,841,797
1884. 5.938,415 0,010,034 5/80.060 0,859,398 24,387,807
was only 15,808 million dollars and in the
1898. 1.528,042 1,502/00 1,440.219 1,680/77 6,158.128
September quarter 16,105 million dollars.
But
1897. 1,235,013 1/50,015 1.381,097 1,507/38 5/70,403
1,199,169
in the December quarter the total advanced to no les3 Total other M iddle.... 1806. 1.320,859 1 /4 1 /9 0 1/14,823 1/12,778 5,104,494
1/70,107 6/43,999
1895. 1,230,011 1/9',128
tH04. 1,123,018 1,221/60 1,181,088 1,345/29 4,877,004
than 19,764 m illion dollars. In the comparisons with
1898. 1,581.960 1.421/11 1,412,218 1,781,702 0,227,091
the year preceding, the showing is best for the first
1897. 1,374,075 1,422,479 1,479,868 1,003,103 5,879,525
six months, but this simply folluws from the fact that Total Now E ngland,,. 1806. 1,272,240 1,831,135 1,20 J,956 1,440,872 5,251,209
1805. 1,244,912 1,383,515 1,331/87 1,631,998 6,541,992
in these six months of 1897 there had been no gain,
1894. 1,197,956 1,181,183 1,122,197 1/42,052 4,843,393
while in the last six months of that year there had
ISOS. 1,850,257 2,020/73 1,826,471 2,173,280 7,870,890
1897. 1,420,015 1.593,833 1,709,788 1,974,702 0/99,238
been a very decided gain. Only one month of 1898
1896. 1/06,158 1,715/57 1,488,115 1,030,745 6,430,075
T o t. Middle Western
recorded a los3 from the same month in 1897, and
1895. 1,531,2991 1/76,174 3/83,884 1,810,023 0/51,377
11894. 1.443/72 1,534,338 1,513,187 1/92,190 6,183,203
that was September, when both S ock Exchange busi
290,542
350,244 1.248,835
rises.
299,975
318,074
ness and industrial activity experienced a temporary
1307.
287/59
330,272 1,077/80
£15,959
237,930
lull and when at the same time comparison was with Total Paoillo................ 1890. 231.108 235,095 ; 228,107 208.903 964/01
230,214
275,713
963,017
1805.
217,425
234,205
211,550
249,827
a month in 1897 which had recorded 50 per cent in
905,515
1894.
215,781
228,848
481,413
030,109 2,081,790
455,481; 514,787
1899.
crease over the previous year.
Total other Western.
H O S T H L T C L B A B rU O B .
Strath.
January. ..
February
March ......
1897.
P.Ct.
1898.
1897.
408,029
410/60
390,002
395,069
430.388
380/93
396,155
374,355
501,136
478,304
609,410
452,765
1,770.333
1,701,266
1,607,828
1/92,280
Total Southern.........
(*1898.
1897.
1896.
1395.
11894.
867,218
756,714
780,901
748,598
708,361
700.498
697,401
060,167
731,959
883.818,
710,172
700,127
042,579
664,821
600,610
981,714
931,499
850,115
910,303
814,709
3 /2 5 /0 2
3,091.801
2,945,812
3,061/81
2,755,818
P .C t.
*
6
f
«
6,012,091,463 4/99.448,066 FUSS! *,5121,808,739 1,910,100,731 4*1*5
5,652/52.491 S.«8*,SS9.S3S 1+50-7 2,036.094,781 1/30,399.756 424*3
6.640,749,795 4,211.070,471 +-34*0 2,222,630,352 1/23.958/27 4 2 19
1ft qnar.. 17.206.093.749 12.396,048,472 +-33*8 6,580,533/72 5/73,459.417 422*5
April...........
May...........
J o n # ... . . . . .
370,782
431,695:
367,261
370,091
Clearing* Outside Nero York,
Clearing, loial All.
1899.
1897.
1890.
1895.
(.1894.
4,972/46.528 1,108,123,<93 j+21-1 2.103,(31,502 1,866,558,730 413*3
6.336,416,921 4/67/91.572 +-280 2,191,005,96* 1,852,734,260 418*9
5.499/85.195 4,472,286.552 j-f 23*0 2.233.533.405 1,900,739/14 417*5
C1898.
1897.
Total all. .................... 1896.
1895,
1891.
15,80*468.614 12.748,303,619: f-24*0 6/27,970,170 5.609/32/46 418*4
€ months. 33.013.262.393 25,141/52,091!+-31*3 13,103.504,042 I0,v83,292,263 419*3
lU lf .......... 5/15,776,440 4.808/37,96$ +*•3 2,039,741.281 1.974.910,072 43*3
AttgliSt. ... 3,502/78,133 4/3«,343t88tJi 4 1 5 / 2.080,603,150 1/01,438,920 +9-1
September. 5.456,644,710 6/<M/O(,700 -1*2 2,082/56,049 2.112,275,765 —1*4
M quar... 16,105.709/83 15.211.788.647 4-5*9 6,203,006,430 5.989,883,747 43*0
9
month" ♦9.119,061,676 40,853,140,73$ 421*7 19/11,510,-472 16,971,976,010 +73*1
O cto b e r.... &,01S,#3S.MS 8,828.308.109 45*5 2,395/18.288 2,287.197,795 -H-7
NoTen»f>er. 6.177,699.975 5.316.605/82 420*3 2/00,167,583 2,261,104,902: 410*4
De*3emh#r.- 7/67.197/01 5.959,968.920 423*4 2 .704/39/00 2.371/00.008,414*1
4th quay. 19.764/56,904'16,968332.4W -f-16 5 7,600/25/71 6,923,900,725 40-8
Year........ i«,88?.918.58ol 57.321,973/06 4202 26.912.138,143
ix.m .wwt1+ w «
Outside New York ...
ri898.
1897.
1893.
1805.
11894.
1398.
1897.
1806.
Canada.........................
1895.
1,1891.
17,808.01)3! 15,808,131 18,106,831 19,701,864 68,883,919
12,395,016iJ2,730,284 (15,220,780 10,009,913 57/21.973
12,887,777; 12.W7,731 A . 632,210,13,918,‘i l l 51,333,932
11,810.288! 13,603,238 ]12,378,191 16,050,271 53,272,291
Ll/01.1971
11,204/94 10,583,283 12,758,036 45/45,110
0,583,533 0.527.933 0,203,038 7,697/32 26,912,133
5,373,458 5,"09,813 5,997/25 0,914,050 23,894,946
5,030.115 5/99,803 5,137/24 5,989/15 22,463,157
5/40,433 5,820/73 6/50,434 6 /1 3 /5 4 23,430,484
5,062,782 5,194,500 5,003,223 5,896,738 21,157/03
347,987
247,780
245/78
230,083
220/35
324,696
278.785
242/55
254,472
231,210
337,202
306,791
249,971
260.187
237,204
377/97
350/93
291,023
802,202
274/12
1,387,582
1,184,052
1,029,027
1,042,944
909.501
Among the larger cities blew Aork stands foremost
for its heavy ratio ot improvement, having added 25'6
per cent to its clearings for 1897. This is owing to
THE CHRONICLE.
62
the prominence of financial transactions at this point,
these having been very heavy during 1898, and also
to the activity of Stock Exchange speculation. We
have already noted that much of the dealings in
share properties on the Exchange is cleared by an
independent method. Nevertheless, relative activity
or inactivity of stock speculation is still a potent in
fluence in affecting bank clearings. Obviously the
check given by a customer to his broker in payment for
stock purchased, and the check received by the seller
of this stock from his broker, do not pass through
the Stock Clearing House, but go to swell the volume
of ordinary bank clearings. However, practically all
the larger cities record satisfactory improvement over
1897, even if the ratio of gain does not in every case
equal that of New York. Moreover in the great ma
jority of instances the 1898 clearings are the best ever
recorded. Here is a comparison for four years for
December and the twelve months at the leading cities.
B A S S . CLEAK IN G S A T L E A D IN G C IT IE S ,
-Jan. 1 to
— D ecem ber.(OOO.OOOs
1898. 1897. 1896. 1895. 1898. 1897.
om itted.)
S
$
$
$
*
$
N ew Y o r k ... 4,652 3,588 2,655 2 ,9 1 0 4 1 ,9 7 2 3 3 ,4 2 7
422
4 22 5 ,4 2 6 5 ,0 9 6
468
B o s to n ..........
557
394
419 5 ,5 1 7 4 ,5 7 6
C h ica g o.........
57a
478
332 3 ,6 7 2 3 ,2 2 3
3 26
271
P h ilad elp h ia * 390
113
Ml
133
109 1,455 1,367
8 t. L o u is ___
74
62
68
975
820
92
P itts b u rg .. .
62
940
77
64
7 96
B a ltim o r e ...
98
62
63
813
751
72
71
8an Fran’ o o .
56
60
54
627
55
646
C in cin n a ti...
50
585
541
K ansas Citv
49
47
47
436
416
53
60
52
N ew Orleans
58
29
29
322
31
27
L o u is v ille ...
347
42
42
460
415
M inneapolis.
50
52
317
31
C le v e la n d ...
38
25
27
389
‘27
303
29
31
30
347
D e tro it_____
24
24
265
267
P ro v id en ce..
26
26
25
26
22
262
255
1H
M ilw a u k ee..
19
320
243
31
24
O m a h a .........
17
212
B oU a lo.........
20
21
19
22
216
16
C o lu m b u s...
19
18
17
209
186
St. P a u l........
23
22
24
221
198
20
H a r t fo r d ....
10
124
124
11
9
11
D e n v e r.........
12
124
14
11
11
151
Dec. 31.-------1896. 1895s
r
a
<
28,871 29,842
4 ,4 9 8 4 .7 5 8
4 ,4 1 3 4 ,6 i 5
3 ,1 6 2 3 ,5 5 0
1,159 1,244
745
746
720
696
692
683
651
586
504
521
467
488
314
286
393
373
299
299
324
300
256
281
246
231
210
191
222
219
183
175
222
2 29
119
119
121
139
T o t a l ......... 7,051
O ther citie s..
306
5,681
279
4 ,4 5 8
262
4 ,8 2 2 6 5,7 48 5 4 ,6 0 6 4 8 ,6 4 * 5 0 ,7 2 2
2 5 3 3 ,1 3 6 2 ,7 1 6 2 ,6 8 8 2 ,5 5 0
T o ta l a U ...
O a ta id eN .Y .
5 .9 6 0
2 ,3 7 2
4 ,7 2 0
2 ,0 6 4
5 ,0 7 1 6 8 ,8 8 4 5 7 .3 2 2 5 1 ,3 3 4 5 3 ,2 7 „
2 ,1 6 5 2 6 ,9 1 2 2 3 ,8 9 5 2 2 ,4 6 8 23 4 3 y
7 .3 5 7
2 ,7 0 5
[V ol. LXYin,
volume of transactions since the Exchange stopped
reporting the sales last July on the going into effect
of the War Tariff Act. The Cotton Exchange has
cleared its business since March 5 1896.
R A I L R O A D GROSS E A R R I N G S F O R 1898.
The improvement in railroad gross earnings during
1898 was, perhaps, the most noteworthy in American
railroad history. In magnitude the gain reaches im
posing figures. And this betterment in the revenues
of the roads appears all the more significant, all the
more striking, in view of the fact that it comes after
very decided expansion in the year immediately
preceding.
The reader need hardly be told that it is too early
yet for exact and final results. The December figures
are not yet available in the case of not a few roads,
while as respects many other roads where periodical
returns are lacking, months must elapse before we
can expect authoritative statements of their business
and revenues for the year. From the returns we have
gathered, however, we are able to indicate very clearly
the extent and widespread character of the improve
ment— and this, too, within fourteen days after the
close of the peripd.
We have reports for the full twelve months from
133 companies operating 103,482 miles of road. On
these 133 roads the gain over the preceding year
reaches, roughly, 48 million dollars. In addition we
have returns from 67 companies operating 59,699
miles of road which have as yet reported for only the
eleven months to November 30. These 67 roads show
for these eleven months a gain of 30^ million dollars.
Altogether we have hence an actually recorded in
crease, as far as the returns have yet come in, of 784
million dollars. In tabular form the results are as
follows.
In the mercantile Exchanges, it is proper to say,
Miles o f Ttoad
Gross Earnings.
speculation has been generally on a small scale. In
End o f Period.
the grain trade the Leiter deal seems to have operated
1897.
1898.
1897.
Increase.
1898.
to produce a species, of paralysis, for the sales were
$
$
%
only 994 million bushels in 1898, against 1,477 mil 1 3 3 roads full year__ 014,439,697 500.355,228 48,084.469 103,482 102,424
59,699
59,251
6 7 roads 11 m on th s.. 503,175,853 472.948,003 30,232,250
lion bushels in 1897, 1,285 million bushels in 1896
Grand tot. ( 3 0 0 r’ds). 1,117.015,550 1.039,298,831 78,316,719 103,181 101,675
and 1,899 million bushels in 1895, as will be seen by
From the foregoing it is evident that the year was
the following table. The Produce Exchange has long
a strikingly good one with the carriers— a fact of
cleared its own transactions.
course already well known.
As the increase of
SALES OP FLOUR, WHEAT, ,tC.. AT NEW YORK PRODUCE EXCHANGE
[Twociptiers (00) omitted from the figure, for Wheat, Corn,
$78,316,719 is based on only 163,181 miles of road
Oats, Barley and Kye.]
(and this including a few Mexican and Canadian
Barl’y Rye.
Flour.
Wheat.
Com.
Oats.
Total.
roads) while the railroad mileage for the whole coun
&Mait
try may be placed at 187,000 miles, it' seems safe
Bbls.
Bush.
Bmh.
Bush.
Bush. Bush.
Bush.
l»t quarter, ’98 954,050 215.747,0 20,021.0 7,932,0 950,0 902,0 250,451,225
enough to estimate that if our compilation could be
*.
»#7 810,700 200,000,0 14,315,0
7,321,0 1,081,0 1,015,7 228,078,850
"
’90 1.009.525 100,230.0 19.023,9 0,079.7 2.510,0 100,0 199,087,002 made to cover the entire railroad system, the in
*
*
’96 1.389,8^*5 208,774.0 29.988,0 11.650,0 330,0
316,771.482
*
*
'94 1,352,816 288,001.0 35.829.0 13,325,0 740,0
8.0 343,990,802 crease over 1897 would be found to be fully 90 million
2d quarter, ’98 810,16' 339,174.0 43,847,0 12.145,0 300,0 4,256,5 403,564,626
dollars.
A statement similarly prepared twelve
*
*
’97 1.203,100 401,239,0 24,943,0 10,001,0 2.012,0 1,800,0 446,075,220
*
*
’90 1,002,046 327,990.2 23,421,1 14,142,4 1,010,4 513,0 872,450,303 months
ago showed for 1897 a recorded gain
M
’95 1,519,140 785,728.0 38.770,0 21,409,0
852.749,180
of $58,904,761 on 159,651 miles of road, while fo r
*
•
’94 1.42#*,850 415,214,0 85,833,0 15,523,0 60,0
1,0 472,551,825
Bd quarter, ’98 814,276 103.880,0 31,505,0 7,751,0 1.190,0 1,808,0 149,304.237
the railroad system as a whole the gain must have
"
’97 1,274,15
434.528.0 33,298.0 16,324,0 1.488,0 1,828,0 493,199,075
“
‘90 1,28 ‘,595 212,921,0 25,409,7 9,557,6 1,444,0 629,0 254,786.877 been in the neighborhood of 70 to 75 million dollars..
“
*96 1.438.500 351,954.0 40,918,0 14,014,0 545,0
3,0 419.337,850
Briefly, then, we may say that United States
*
*
*91 1.209.930 273,001.0 29,958,0 19,125.0
327,588,685
4th quarter,’98 1.000,800 130,103,0 40,894,0 5,501.0 1.002.0 1.9P4,0 181,927,000 railroads added 90 million dollars to their gross re
“
’97 1,109,590 S50,457,0 84,829,0 16,P32,0 1,177,0 1,915,0 809,973.155
*
*
’96 1.291,185 422 515,2 22.580,:
7,078,4 1,555,6 999,8 469,575,418 ceipts in 1898 after an addition of 70 million dollars
"
’95 1,372.875 259.370,0 82,073,' 10,593,0 2,275,0
310,194,938 in 1897.
Such figures speak so eloquently of the
w
’94 1,127,025 275,805,0 30,480,0 19,901,0 500,0
331,080,618
condition of this great industry during the last two
Total 1898...... 3 609,576 788,110,0 14*.807,C 33,329,0 4,168,0 8,960.5
994.247,587
Total 1897...... 4,403,000 1,280.290,0 107,885,0 50,578,0 0,358,0 0,021,7
1,177,321,900 years of trade revival that it is unnecessary to rein
Total 1890...... 4,048,30* 1,129,890.0 80,601,0 37.458.0 0,120,0 1,241,8
1,285,905.050
Total 1895.... 5.070.400 1,066.232,0 117,785,0 67,000,0 3,150,0
We annex the
3,0 1,899,353,400 force them with any word of comment.
Total 1894... 5,110.050 1,251,941,0 131,000.0 67,877,0 1,300,0
9.0 1.475,811,925
following table, showing the comparisons for Decem
At the Cotton Exchange, likewise, dealings wore ber, the closing month, as well as for the full twelve
pinch restricted, though there is no way of telling the months, of each of the last six years.
J
an cab
THE CHRONICLE.
y 14,1899. j
^
UfUa&t.
E a rn in g .
j
In m M e
68
There was also comparative freedom from the ad
verse conditions and influences which in some other
years have served seriously to interrupt traffic and
Hitts.
Miles.
Xhcenber.
$
*
*
43,319.016 40.793.3831 Dec. 8,471.837 reduce
97.378
94,389
1893 '137 roads)...... .
earnings.
There was no general labor
33,937.350 39,179,3341 Dec. 241,984
98,390
95.339
1394 (125 roads)........
of large dimensions, like that of the
45.025.858 U.249.3M; Inc. 3.778.110 trouble
99,675
99.854
1,*95
roads)...... .
42.893.331 43,507,220 Dec. 813 8-8
96.440
97,233
strike
of the bituminous coal miners, which
52,24), 577 40.512.40- I n c . 5,767,11 9
I02J281
101.672
1807 fl88 roads).......
52,322,183 48,760,832 In c. 3,461,330 for
99.M5
several months of 1897 proved so deeply dis
1893 (134 ro a d s )..... 100,539
Jan. 1 to Dec. 31.
turbing. The floods in the Mississippi and Ohio
1893 U 83roads)....
138.371 930,237.955 961,407,91 o! Dec 25,169,900
14U 3*
150,021 805,702,344 978,128 105 Dr. 112,425.321 valleys, which had been of exceptional magnitude in
1894.19fc roads).....
151.004
1895 .204 roads).......
1*8.265
14»,lfc 7 886.257.385 836,320,41?! lnc.*9.«8 ,967 that year (the overflow of the Mississippi then hav
8
152.9*3 921.359.561 921.182,644 In c. 3,176,917
1896 .305 roads)........ 151.129
1037562518 978,597.757 Inc. 58.90 J,761 ing been the worst on record), proved relatively un
1397 (?Ot roads)........ 159,651
157.159
1853 (SOOroads), ... 163.181
161,675 1117615550 1039298831! Inc .78.316,719
important in 1898. The winter was favorable to rail
The contrast here presented between the earlier and road operations in both years, but obstructions from
the later years is illustrative of the great change snow and ice in 1898 were fewer and less severe even
which has occurred in the interval in the condition of than in 1897. In like manner while there was a re
the railroad industry—a change typical of that in the currence of yellow fever in the South (after the out
country’s industries generally. In 1893 the roads break in the previous year), and while the quaran
then included in our compilations showed a falling tine restrictions resulting from the same put an
off in their revenues in the sum of over 25 million embargo on railroad movements in certain sections
dollars. In 1894 there was a further loss in the for a time, the trouble in this way was of very much
tremendous sum of 1124 million dollars. In 1895 less consequence than it had been in 1897.
recovery began with a gain of 50 million dollars. In
There were also some special favoring circumstances.
1896 the process of recovery was carried a trifle Thus the movement of "United States troops added
further with an increase of a little over 3 million materially to the revenues of a number of roads.
dollars. In 1897 and 1898 there came genuine expan Southern roads experienced the most advantage.
sion with an increase of 59 million dollars in the Among those particularly benefited in that section
first-narned year and of 78 million dollars in the may be mentioned the Southern Kailway, the Florida
last-named year. Obviously the difference between a Central & Peninsular and the Cincinnati New Or
loss of 1124 millions in 1894 and a gain of 78 million leans A Texas Pacific. In the East the Long Island
dollars in 1898 is as wide as the difference in the Railroad was one of the lines where that circumstance
market values of the securities and the specula played a prominent part in affairs. The ordinary
tive conditions on the Stock Exchange at the two passenger traffic over the roads increased only mod
dates.
erately, notwithstanding the activity and prosperity
The causes that have served to bring about this fur of trade. In the West the trans-Mississippi Exposi
ther improvement in railroad revenues are numerous. tion at Omaha, while it lasted, enlarged the passenger
In the first place there was the advantage arising traffic of the roads running to that point.
from the added expansion in the tonnage of the lead
The rate situation was the worst ever experienced
ing crops. Both the cotton traffic in the South, and in the railroad world, barring the times when the
the grain traffic in the West and East, again heavily roads were actually at war with one another. The
increased after the decided increase in the previous situation was particularly discouraging in the territory
year. Then the revival of trade all over the country between Chicago and the seaboard, where utter de
added to the merchandise and general freight of the moralization prevailed; grain the latter part of the
roads—a class of traffic which is considered very de year was taken at only ten cents per hundred pounds.
sirable because it pays higher average rates than the The t’ ecision of the U. S. Supreme Court in October
ordinary tonnage. The farming sections, too, enjoyed declaring the Joint-Traffic Association illegal, seemed
great prosperity. The price of wheat fell sharply to knock the last prop from under the roads in their
after the collapse of the Loiter wheat deal, hut efforts to maintain agreed charges. Had it not been for
the country was again blessed with abundant harvests; the large increase in the tonnage offering (the facilities
in the spring-wheat sections of the Northwest the of O'" Lues being taxed to the utmost at times), the
yield was probably the largest ever made, and as the effect upon the revenues of the roads must have been
foreign demand for American grain remained nndi- serious indeed. As it was, the Eastern trunk lines
minished, the farmer was able to dispose of his prod suffered greatly from that cause, and that will ex
uct at good, even though not high, prices. Thus the plain why these roads as a class have done so much
position of the Western agricultural classes was very less well than those further West.
In the South the low price of cotton was an inaus
favorable and they were able to buy supplies and goods
from the East with great freedom, leading to an inter picious feature, but the movement of the crop was of
change ofjcommodities on a large scale between the unusual dimensions. Thus the receipts of the staple
two sections. The part played by reviving trade in at the Southern outports for the twelve months of
swelling the traffic of the roads is well shown by the 1898 were 8,399,862 bales, against 7,113,439 bales in
increase in the shipments of iron ore from the rnineB 1897 and 6,475,263 bales in 1896. In the same way
to Lake Superior. These shipments are rep rted for the overland shipments were 2,022,187 bales in 1898,
1898 at 13,650,351 tons, against only 12,215,645,tons against 1,445,322 bales and 1,274,944 bales respec
for the year 1897 and 9,644,036 tons for 1896; and yet tively.
The grain movement was of enormous proportions,
the gain in the ore shipments is only one of the many
ways in which the growth and activity of the iron whether measured by the receipts at the seaboard or
trade has operated to enlarge the business and the by the deliveries at the Western primary markets.
revenues of the roads. There followed from the same At the seaboard the arrivals of wheat, corn, oats,
cause increased shipments of coal, of limestone, and barley and rye aggregated in 1898 461 million
bushels, against 4204 million bushels in 1897 and
of the finished products of iron andjdeol,
Year
Given.
Year
Prec&Hna.
Year
Given.
Tear
\
Preceding.
or
THE CHRONICLE.
64
[V e t, LXVIII.
The improvement in earnings contini^d all through
263 million bushels in 1896, as will appear by the
the year (treating the roads as a whole), but the bulk
following.
G R A IN AN D F L O U R R E C E IP T S AT SE A B O A R D .
of the large increase reported occurred during the
1895.
1896.
1897.
1893.
For this period our statement pub
17,980,141 first six months.
12,731.024
25,796,941
F lo u r ..........bbls. 21,979.388
50,684,527 lished last July and made up on the same basis as the
68.284,239
Wheat____ bUAli. 142,100.330 108,297,001
61,159,211
Corn............ “ 205,167,104 188.667,162 101,012,590
44,106,191 present exhibit recorded $57,440,505 increase, while
74,169,725
97.853.873
Oats........... “
92.048,322
5,046,020
13,332,033
13,436,941
B arley..... “
6.249,4 3
569,884 now we have $78,000,000 increase for the whole year.
6,194,790
12.278.873
15,398,033
Ryu............. “
161,565^833 Estimating the gain for the entire railroad system for
Total grain... 160,963,732 420.533,850 262,993,377
At the Western markets the receipts for the fifty- the year at 90 million dollars, 70 millions of it may be
two weeks of 1898 aggregated 693,447,395 bushels, said to have been made the first six months.. This is just
against 645,555,844 bushels in 1897, 550,760,654 the reverse of the showing for 1897, when the bulk
bushels in 1896 and 429,477,590 bushels in 1895. We of the improvement took place the last six months.
annex our usual table showing the details of these Below we furnish a summary of the monthly results.
receipts. It will be observed that in 1898 the gain It will bo noticed that during the first five months
was most pronounced in wheat, but extended to all the ratio of improvement was each month 13 per cent
the other cereals except oats, where the total fell 35 or higher. After that it fell to much smaller figures,
dropping in July to only 1*78 per cent. The reason for
million bushels behind that for 1897.
R B 0 S I P T 8 O F F L O O R AN D G R A IN F O R F IV E W E E K S E N D IN G D E C E M B E R
this reduction in the percentages was that a great con
31 AN D SINCE J A N U A R Y 1 . ____________
traction occurred about that time in the grain move
Oats,
Barley,
Rye.
Com,
Wheat,
Flour.
(bush.)
(bush.)
(bush.)
(bush.)
(bUih.)
C
bbls.)
ment (in part because farmers were unwilling to send
920,85? grain to market at the prevailing low prices, in part
10,702,019 12.001,035 2,810,525
1,200,93? 4,980 331
4S2.383
453,137 7,237,05? 7,9,,7,44< 12,053.782 1,928.019
5,318.1 5 35,741,666 120,420,374 110290047 18,122,199 4,805,308 because of the exhaustion of old supplies and the ab
2,911 113 28.005.011 110,551,488 117010333 17,130,731 3,270,971
Year *07, 52 wks.
sence of any considerable fresh supplies from the new
328,800
930,160 1,104,00' 1,637.000
* 87,730 2.776.800
818.500
212,855 crop), besides which business was somewhat disturbed
201,8*0 1,098,78b
591,500 1,304,000
2,570/ 05 12.687,702 7,392,400 11,299,000 11,787,040 1,927,020
Year ’97, 52 wks. 2,200.850 9,046,628 3,021,038 10,497,000 10,039,350 1,730,400 by the Spanish-American war, and comparison was with
fit. Louis—
66,100 improved returns in 1897.
This last statement may
6 wks. Dec., 1898 131,180 1.344,809 2,258.775 1,107,00? 400,500
53,91 n
305,271
108,130 1,3*1,785 5,227,800
730,305
571,404 be said to apply to the comparisons all through the
1,303,013 13,885.244 20,333.80’' 10.409,807 2,001,914
€93,922
Tear ’97, 52 wkB. 1,325,440 11,716,834 29,5; 8,877 11,809,623 1.003,310
Toledolast six months, improvement in 1897 in these six
39,320
19P.321
7,153 1,099,443 2,525,572
6 wk$. Dec., 1898
653, tr 7 1.043,481
40,117 months having been so pronounced that the further
162,769
5,441
373,456
51.070 15,77 ft,1-74 13,383.510 2.5S6.90-J
24,035
855,714
51,998 9.901,130 11,834,764 1,851,789
Year '97,52 wks.
gains in 1898 were necessarily on a reduced scale.
Year ’97, 52 wks.
24,207
31,500
201,338
313,37 5
343,678
208,518
4,482,369
4,052,382
379,910
78,614
175.828
350/ 78
331,559
252.005
2,847,795 1,083.591
871,388
2,230.714 1,955,52b 1,204,884
Year ’98, 52 wks.
(56,452
58,99h
210,011
414,387
961.562
3,205,8-8
3,007,032
610,18?
015,037
984.048
560,880
9,205,83? 0,834,816
2,901,79) 3,621,535
5W
kB. Dec.. 1898
5 wks Dec.. iso:
6 wks. Dec., 1897
Year *98.52 wks.
Year ’97, 52 wks.
D u lu th 5 wkB. Dec., 1898
08,8? 0
83.339
4tr3, 00
318,739
53,474
75,092
002,631
971,450
47,752
9,C97
47,752
10,97*
9,097
.. ..
57,200 2.025,750
959,700
334,000
45,600 1.800.050 1,053,550
297,000
566,9:10 18,004,350 9,680,700 2,092,200
559,801 19,814,4,0 12.174,550 1,328,900
10,350
15,000
138.050
104,500
332,951
45,615 11,550,885
74,738
52P.368
147,490
714,706
351,010
4,750 3.304.12N
235,498
148,246
Year ’O , 52 wks. 3,870.990 05.718,987 3,308,70? 3,919.103 3,100,021 2,340.389
n
Tear ’97, 52 wks. 4,020,210 47,979,691 2,031,644 0,777,470 5,472,404 1,983.675
Minneapolis—
25,02 14,169,52(1 1,554,280 1,512,420
5 wks. Deo.. 1898
613,150 1,252,770
27,003 11,770,050
5 wks. Dec.. 1897
Year ’98, 52 wks.
332,687 75,730,630 4,3*7,230 10,405,190
41,280
33.880
140.67 0 72,888,270 3.985,916 10,304,05
Year '<*7 52 wks.
85,100
40,950
Kansas City—
2,270,00(1
199.000
508,000
1,628.500
390,000
24, 20.000 10,578,800 3,389,000
19,896,300 12,825,950 8,883,700
Year ’97. 52 wks.
Total of all5 wks. D ec„ 1898 1.050.05? 39,014,' 5? 21,894,190 18,008.681
991.592 28,189,42!“ 20.850.950 18.783.071
» wk9. Dec.. 1897
Year '98, 52 wks. 14,J09.2«m 252,0 4,26 221,888,8731
170031)82?
Year '97. 52 wks. 11.540.418 307.Ua.ONi 205,390,2521185889177
5,839,359 1.681,00*
3.917,077
977,115;
39,080.394 10,883.041
37,506.711) 9.057.53"
The foregoing figures cover just fifty-two weeks
In the following we show the movement at Chicago
for the even year. The aggregate for 1898, it will be
seen, is 296| million bushels, against 2834 millions,
239J millions and 175 millions, respectively, in the
three years preceding. At the same time the pro
visions receipts were heavier, and the deliveries of
live hogs were 9,866,036 head in 1898, against 8,363,724 head in 1897 and 7,659,472 head in 1896. The
live-stock movement as a whole, however, amounted
to only 276,043 car-loads, against 279,662 car-loads in
1897 and 277,437 car-loads in 1896.
B E O E lrT g AT CU IO A U O UUBIMO HKCEM BKR AMD F O R T H E Y E A R .
December.
1888.
Mileage.
Period.
1897.
ITbeat.bush. 4,672,881 0,801,453
Corn. ..bush.
9,688,100 7.002,110
O ats., basn. 11.025,402 11,383,232
Bye.. .bush.
840,008
380,383
Barley.bush. 2,550,205 1,710,601
Tear.
1890.
701,170
4,804,888
9,437,39?
283,301
2,228,292
Total grain 28.848,416 27,373,809 17,615,104
Flour., bbls.
1,140,007
432,990
183,703
Pork....bbls.
102
12
1,206
Outm’ts.lbs. 24.328.530 19,950,314 18,114,128
Lard...... lbs.
0,703,303 0.308,481 0,951,157
Live hogsNo
1.1(8,010
873,376
783,794
1898.
January (130 roads)
Febr’ary (131 roads)
March (138 roads) ..
April (130 roads) —
May (134 roads)......
June (131 roads) —
July (132 roads).......
August (127 roads).
Sept’ber (129 roads).
October (L28 roads)
November (119r’ ds)
December (134 r’ ds)
Earnings.
Increase. P. C.
1898.
1897.
1898.
1897.
Miles.
100,071
99,700
101,507
100,870
101,504
101,805
95,5C6,
98,829
96,161
97,935
93,021
100,539
Miles.
99,032
98,730
103,343
99,726
100,392
100,857
05,061
98,436
95,462
96,938
92,189
90,445
$
42,527,184
41,189,893
47,203,772
44,553,06*
40,547,011
14,303,511
41,4 2,712
48,880,000
48,909,88?
50,213,787
49,981,60(
52,222,18?
*
30,483,516
30,196,074
40,959,408
38,585,197
40,802,810
41,045,808
40,709,245
46,582,554
46,170,080
53,581,933
47,797,184
48,760,832
*
6,043,068 16-50
4,993,219 13-79
0,244,304 15*25
5,907,809 15-47
5,744,201 U-08
2,657,703! 0*38
723,467 1-78
2,297,452 4-93
2,790,805 6-04
2,028,854 491
2,187,476 4-58
3,401,356 7-10
Among the separate roads there are many increases
for large- amounts, while the losses are few and unim
portant. As a matter of fact there are only two roads
where the falling off reaches as much as $200,000, and
these are both coal roads, namely the Philadelphia &
Reading and the Erie, reflecting in this the unsatis
factory condition of the anthracite trade.
The
Southern Pacific leads all others in the amount of its
increase, which for the eleven months foots up $6,771,499, but there are over half a dozen others where
the increase exceeds $3,000,000, and still others in
large numbers where the increase runs above a mil
lion dollars. The roads which as a rule have done
best are the grain-carrying roads of the West and the
roads to the North Pacific Coast, where in addition to
a favorable agricultural situation there was great
trade activity, aided in part by the Klondike gold
discoveries.
We show herewith all changes in excess
of $200,000.
P R IN C IP A L CH AN G ES IN CL
In crea ses.
E A R N IN G S F O R
11 M O N T H S .
In crea ses.
Southern Pacific........ $6,771,499 Sav. Fla. & Western..
$672,930
Pennsylvania!.......... . 3,662,100 Mexican International
324,892
35,731,410 29,087,687 19.931,502 Chic. Burl. & Quincy..
3,123,033
127,425,874 110,769,489 90,240,878 Atch. Top. & Santa Fe. 3,091,545
Total (representing
110,293,047 118,100,002 109,685,466 Ohio. & North Wesl’n. 3,079.139
23 roads)..............$29,688,460
2,1<13,724
D ecreases,
4,935,308 3,278,051 2,530,230 Baltimore & Ohio —
1,925,442 Pliil.& Read, and Coal
18,110,570 17,185,741 17,691,370 Chic. Rock Isl. & Pac.
& Iron.....................
$378,364
Pacific Coast!---- -.___ 1,337,485
290,502,845 233,417,033 239,884,957 Union Pacific________
276,220
1,323,124 Erie...............................
774,008
5,310,199 2,947,005 2,532,041 Oregon Short Lino ...
Phil. Wil. & Balt........
741,700
Total' (representing
3,017
2,230
7,985 Chi.S. P.Minu.&Om’ha
3 roads)................
$654,584
717,839
229.087,261 170,038,111 100,012,721
* For ten months only.
05,770,059 60,130,918 07,181,900
t Eastern lines increased $1,261,400 and Western lines $2,400,700.
9,800,030 8,303,724 7,059.472
I For eleven months ending October 31.
1897.
1800.
THE CHRONICLE
J anuary U. 1899.]
65
PRINCIPAL CBAJtOES IX L I t O IS SABXIXOS FOR 1 2 M O N T H S .
la c r e s n e * .
N o rth ern P a c ific ......... $ 1 ,0 5 5 ,1 7 7
C fiic. MU. * S t . P aul .
3 ,9 1 0 ,9 0 5
G r e a t N orth ern s y s . .
3 .3 1 3 .5 9 *
IlH iiyt* C e n t r a l............
2 ,8 5 8 ,8 5 6
A.oiL111a 11 UAil . a y . . . .
-r
2 ,1 3 2,71 8
C a n a d ia n P a c ific _____
2 ,0 5 6 ,3 2 6
M issou ri P a c i f i c - .___
1 ,9 6 9 ,1 1 6
L o u is v ille & N a sk y . .
1 ,9 3 9 ,1 0 5
W a b a s h .........................
1 ,5 7 7 ,9 0 7
O r e g o n R S . a N a y .. .
1 .1 3 4 ,2 2 '
D e n v e r & R io G ra n d e
1 ,1 0 3 ,3 2 7
C ln . N . O. & T ec. P a c .
1 ,0 0 5 ,7 2 2
K a n .C ity P itts & G a il
8 5 3 ,9 6 9
C iev . C in. Cii. A St. L .
8 3 7 ,4 3 9
F la . C ent. & P e n in ___
7 7 1 ,97 1
M e x ica n C e n tr a l.........
7 3 3 .3 3 9
St. L ou is S o u th w e s t..
6 8 5 .3 0 1
P itts . B ess. & L . E rie.
6 6 7 ,3 6 3
B a lt. Jc O h io S o u w e s t.
6 2 0 ,7 2 0
O h ssap ea 'se <k O hio . .
5 9 8 ,4 7 2
G r a n d T ru n k S y s te m .
5 7 4 .1 9 6
St. L ou is & San F ra n ,
5 2 6 ,8 0 2
N o r fo lk ,k W e s t e r n ...
5 1 6 ,5 7 1
C h ic. G r e a t W e s t e r n ..
4 8 6 ,0 0 5
I n t e r o c e a u lo ( H e x . ) ..
4 7 7 ,9 3 0
N ash. C hat - & St. L . . .
4 7 3 ,2 7 7
C h o c. O kia. * G u lf. . .
4 i6 ,0 7 4
L a k e 8k. He M id i. S o u .
4 4 1 ,1 7 8
M o b ile 3c O h io ...............
4 2 0 ,5 0 7
In cre a se s.
M e x ic a n R a ilw a y ........
L o n g I s la n d ...................
W isco n sin C e n tra l___
T e x a s A- P a cific............
M inn. St. P . &. S. 8. M ,
E lg in J o l. & E a s te rn .
B u ff K och , tk P i t t s ...
Me. & W e it M toh___
R io G ran d a W e s te r n .
N ew Y o r k C e n tra l . . .
B url. C etLR ap. & N or.
M e x ic a n N a tio n a l___
I o w a C e n t r a l.................
W u e e iin g & L a k e E rie
K a n . C ity M em . & B ir.
F lin t A P e re Mary . . .
In tern a l. A G reat N o r.
G ra n d R a p A In d ia n a
P itts. & W estern S ys
Dul. So. 8 k . A A l l ........
M ich . C en t A Can. So.
O ol, H o ck . V al. A T o l .
O n. P a c. D en. A G a ll.
O kie. A E a st I llin o is ..
D e tro it G d. R ap. A W .
$ 3 9 2 ,4 0 0
3 7 3 ,3 0 9
3 7 5 ,1 7 1
3 7 4 ,2 9 3
3 8 6 ,2 2 2
3 6 2 ,3 2 2
3 5 1 ,7 0 6
3 2 4 , sm i
3 1 4 ,7 2 5
3 1 2 ,0 4 1
2 9 1 ,1 0 0
2 8 3 ,20 2
2 3 2 ,8 1 3
2 8 1 ,1 6 8
2 5 9 ,9 3 2
2 5 9 ,1 9 0
2 5 0 ,7 1 3
2 3 1 ,6 8 9
2 3 1 ,3 0 1
2 3 0 .6 9 2
2 2 7 ,0 0 0
2 2 2 .9 4 7
2 1 0 ,8 8 4
2 1 5 ,1 7 8
2 1 5 ,4 8 2
T o ta l (re p re s e n tin g
6 3 r o a d s ) ............. $ 1 4 ,8 4 3 ,9 9 8
• F o r th re e w eek s on ly ' In D e c e m b e r.
It must not be supposed that because the gains in
189S were so heavy the roads have in all cases got
hack to their bes previous figures. This is far from
being so. There are numerous instances, particularly
among Westeru roads, where the 1898 earnings sur
pass anything ever before recorded. On the other
hand there are many other roads, especially in the
Middle and Middle Western States, where earnings
do not equal those of 1892 and 1893. For the purpose
of enabling the reader to see how the earnings of
the leading roads compare for the past six years, we
present the following series o', tables in which the
roads are arrangod j n groups.
E A R N INGS O F T R U N K L IN E S .
Year.
1807.
| 1898.
1594.
X;rt*l................ISM '0^18 I8,0i4,‘«88 42.001.S€& <0.423,100 37,687,640
tsss.
Y ttr.
B ar;. O ed .fi.* No.
Chlc.G t- West . . .
C a lc.M U ,* S l.P ..
DaJatfe S.3.A Atl.
Breat Northern..
Iow a Central.......
M inn.*
Lonl*
B t, Paul * Dnlntfa
n o r t h w e sts bn
1896.
van.
Year.
1893.
4 3.994.836
l in e s
18SS.
1894.
1893.
t
t
t
f
1
*
4,683,502 1,202,102 4,450,033; 4,604.332 3,74 8, *129 4.224,763
5.504.393 6.078.388 4.086.483_ J,0*9t5:s 3,068,011 4,489,766
30,089,724 32.178.761 31,851,89 >30,008.052 28.473.3S6 33.8CO.02l
i.821.807 I.0V1.U5 1,901,643 1,811.824 1.07O.&87 2,065.711
24.001,024 20.747,425 19 032,092 16,120,388 15,107,050 10,090.304
2.015.332 1,732.189 1.725,374: 1,080.959 1,607.377 1,918,916
1,*61.671 1,777,361
1.7*5,261
2,236.302 2,152.984 1.994,m
1,588.298 4,013,217 1.637,16tj 1,670.534 1.442.157 1.713.700
E A R N IN G S O F S O U T H E R N G R O U P .
1897.
j
1890.
t
f
1
Alabama Gt. S o-. 1.730.973; L061.9&0 1,640,071
U,9!>3,890 11^97,418:10.870.195
Ch**. A Ditto..
3,659,113 3,371,650
Cln-S.O. 4 T S I .P .
1
1.010,0:12 1.558,788
Geortfln........... .
Kan.C, Mem .* B i r. 1.169.260 1.209,318 1.195.350
Lonlsr. * Nash*. 22 74*2,007 20^653,202! 20,503^:15*
4.131^11 4,012.704; 3,715.780
M o b ile * O h io...
Nash.Chat.A S L L 5.931.200 5.40O,93?| 5,034,911
Norfolk * W e st.. 11.370,512 10*L».Mt ll,0SI,SW
Southern R y ... ) 423083010 s z a s n i.m
1.325.3111)
Memphis D ir. S
1805.
;
1894.
1893.
t
f
1,406.260; 1,778,<'69
9,127,004 0,0 G 171
,
3.447,0Wf 3,942,937
1.348,310 1,419,783
1,050,216 1,125,852
19.H36.294 (23,471,033
3.209,9911 3,SS 1.047
4,623,908 -1,727,179
9.663,087 10,840.452 10.032,617
18.684,149 18,018,552 13,279,413
1.206.030 1,280,710 1.406,120
t
1,651.23!
9,798.*21
3.717.0ht
1.357,7150
1,1510,021
10,809.198
3,492,327
0* ]
18VS.
li
".i.lin.M,-. 7»,W4.27T o ta l.............
-------------------------- —2
: Memphis Division included only fo r the last six months o f these years.
8 <.041,792 fli.-Th3.906 :8.337^ rt
E A R N IN G S O F S O U T H W E S T E R N G R O U P .
V*>tr.
1898.
|
1897.
|
1896.
1895.
%
%
6,232,515
12,943,141
1,586,064
17,762,881
2,731,749
1,012,584
19,557,869
12,584,013
41,158,310
11,623,173
6,672,845
13,789,665
1,710,049
19,769,190
4,1S1,733
1,112,722
23,685,933
16.178.031
45,972,886
13,750,158
&
1894,
1893.
*
4
I
I
*
1
8,723.5301 7.620JJ)3 7,238,376 7,291,509 6,700,110 7,781910
43,905,151 43,054,138] tS,623.184 3,278,229 3,790,308 4,f 88,080
lo t.* G t .N « ,KXJ.P.S,*M.. i,-S35,947 4,838,481 4.401,742 4,530.237 4,768,321 6,237,681
11,850.202 11,973,700 11.746,240 11,060,140 10,602,fi$8 10,370,325
ilo .K .* T «
Mo.P.klr.Mt 87.901,468 25^32.322 22.792.900 28,293,477 22,532,634 24,989,838
614,080|
782,657 l t006,70l
724,109
1,227,193 i 1,102,763.
8t. Joi.A G .I..
...........
0.9S4.79I
«,F57.(H® 6,039,591 0,005,942 0,071,481,
St. L. k S. Fr
5,O(W,850
5.598.4-0 4,913,1861 4,883.352 5,066,484 4,854,564
3UL. Soothw.
7,9^2.947
7,588,649 6,835,145 7,015,309 7.353,013 7,334,294
Te?a* * Pae
U .Pac.D ,A G , 3,771,4601 3,554,672 3.101.711 3,091.481 2,847,055 3,510,903
---- ...
71,ZM.9t« 70,202,671!
Total.......... 83.70L*3fl 7 *.730,373
r>eo.*aioGr.
Houston * Henderson n ot included fo r these years.
1893.
Osrdensburg fo r all th e years.
1898.
1897.
1896.
1895.
1894.
t
1
%
%
Ann A rb or-----....
1,466,504 1,300,898 1,170,751 1,106,235
BufLRoch. & Pitt
3,803,805 2,452,099 3,337,786 3,053,142
Chicago & East III, 4,357,388 4,142,210 8,834,785 3,873,788
ChitUncl.* Louts?. 3,320,854 3,193,960 3.027,434 3,223,011
Chic. A W est Mich. LSOLPoT 1,639.8 > 1,642,617 1,724,044
6
O ol.H . Y . * T o l... 2,756,552 2,533,605 2,480,924 2,676,421
Det.G.Rap. AW est. 1.524,401 1,301.917 1,187,319 1,149,651
Birin Jol. A Bast.. 1,562.895 1,200,573 1.27S.S70 1,172,652
B rans?.& Terre H. 1,226 939 1.131,433 1,005.270 1,095,931
f l i n t * P. M&rq_
_ 3,051,187 2,791,997 2,594,619 2,505,699
Gr. Rap. * Jnd...... 2,778,778 2.542,088 2,460.027 2,682,832
Illinois Central ... 27.615.? 51 24.788,995 21,783,291 21,814,347
Lake Erie * W est. 3.1*’ 4,823 3,439,395 3,344,273 3,519,104
Long Island........... 4,555,814 4,177,525 8,919,1X1 4.013,581
^oo-Brans.* St.L. ♦1.553,410 1,463,696 1,491,169 1,505,435
S. Y. Out. & West. 3.801,416 3,950,273 3,858,814 3,720,183
Plttab’* * West’ ll. 3,232,361 3,000,413 3,356,138 8.032,300
Tol. * Ohio C en t.. 1,871.191 1,721.210 1,797,600 1,813,447
Tol. P eo. * W e st,.
9:9,847
941,171
047,205
991,268
Tot. St. L. * IC.C. 2,210,772 2,244,6121 2,16 *.895 1,847,247
West. N. Y. * Pa-. 3,094,912 3,130,464 3,036,651 3,312,977
Wheel. * L. E rie.. 1.478 181 1,197,010 1,301,243 1,421,940
T o t a l ............. 78 000.414 09.331,541 67,282.813 6t.S56,l«fl 57,003,188 00.158,685
Year*
1894.
$
0,448.069
13,976,704
1,971,100
17,700,092
2,796,178
1,001,091
21,016,035
13,051,420
43,036.943
12,650,906
E A R N IN G S O P M ID D L E A N D M ID D L E W E S T E R N R O A D S .
1
I
$
1 *
«
C » o » 4 ’a
]aO.U'S,S«o:2i.Ot«,6 M 20.681,508 18.0 41,030 18,752,268 20.9*2.310
Korth'O P*ctHc.jSS.07«,OtH 31.020.&31 18,917,545 10,os8,017 16,731,823 10.778,540
e t o G r . WMt'n..| a.tse.Mh, e,*74 ,22;! 2.402,845 3.303,433 2,103.660 2.253,973
o f
1895.
$
6,179,616
13,011,463
1,703,544
f 18131201
< 3,151,672
i 963,457
20,193,958
13,821,614
43,367,858
11,963,309
T otal........ 111.0113,359 130,880.899 J32,7S7,«26 134,848,598 127,196,209 146,823.212
' Includes R om e W atertown
s
b a r k in g s
1896.
Total
-.
1898.
f
1,084,701
2,783,211
3,424,339
2,889.140
1,596,514
2,6S8,700
1,098,723
1,035,332
1,048,502
2,392,726
2.464,958
19,685,280
3,345,403
4,056,190
1,404,346
3,737,118
2,511,723
1,SOS,238
893,621
1,659,563
3,105,942
1,245,711
1
1,038.213
3,393,157
4487,830
3,455,575
1,892,710
3,270,382
1.205,093
988,539
1,300,80 i
2,725,238
2,807,258
21,594,944
3,512,621
4,209,040
1,885.604
3,901,140
2,613,626
1.952,092
975,459
1,704,316
3,494,008
1,531,765
81 787.501 74.244,647 i70,0 >8,818 71.321.274 6^,910.041 75,799,56
• Fiifures for fourth week December. 1 9 , not reported; taken same as 1 9 .
88
87
i Includes to •i-|» rat'.. is of the Sr. L nils Alton & Terre H Ukte for all the
■■
• i’-::? Ohio i Southwestern and Ohio Valley for 1 9 and
88
Branch are included
only down to June SO 1S98.
1805.
um
1397,
1
?
3. & O. S.W
7,072,670 6,451,966
aC.C.ASt.L 14,087,842 13,848,529
Peo.&East- 1,910,026 1,750,024
3 .T .o f Can.
24122040 23,647,844
Ch.&G.T...
D.G.H&M.
20,783,900 20,297,722
L.Sh.&M .S.
M. C. & C.So. 13,924,000 13,097,000
N.Y.C.AH.T 45.393,773 45,081,729
V ab a sh .. .. 13,734.102 12,206,196
BAKKISOS OP PACIFIC ROADS.
r ta r .
1898.
We have space only for a few words with regard to
the results for December.
The rctio of gain is
the heaviest since last May, being 7-10 per cent
At the spring-wheat markets, Minneapolis and
Duluth, the grain receipts during the month were ex
ceedingly heavy, but in most other sections there was
little advantage in that way. The live stock move
ment at Chicago was somewhat smaller than in
December of the previous year, and the same is true
of the cotton movement at the Southern ports, though
the shipments overland reached 455,859 bales, against
327,404 in 1897.
On the other hand trade revival
made further decided headway, and this added greatly
to the merchandise traffic. In the Southwest the
storm and cold weather which passed over Texas the
early part of the month was an adverse feature with a
!>” • mt of roads. The following shows the yuincipal
A
changes in the earnings for the month.
PRINCIPAL OH.ANG ES IN G it O S S EARNINGS IN B E C E IT E E I t .
T2
Increa.KCB.
C h ic. M il. A St. P a u l—
G re a t N orth ern S ystem
C an ad ia n P a c i f i c .. . . . . .
N ew Y o r k C e n tra l........
S ou th ern R a ilw a y .........
N orth ern P a c ific ...........
W abash.........................
M e x ica n C e n tr a l...........
M isso u ri P a c ific .............
S t. L o o ts S ou th w estern
N ash. C hat. & St. L -----St. L o u is <fc San F r a n ...
C hic. G r e a t W e ste rn ....
D e n v e r & R io G r a n d e ..
B u rl. Ced. R ap . & N or.
N o rfo lk < W e ste rn ........
fc
In creases.
$ 6 9 7 ,1 9 6
351 ,52 5
3 15 ,25 8
237 ,11 1
2 2 5 ,7 55
166 ,48 5
1 4 9 ,8 0 5
1 08 ,62 8
1 04 ,09 9
91,341
8 9 ,«3 2
8 6 ,7 5 3
67.500
65,9 23
5 8 ,2 5 1
Louisville & Nashville.
$57,233
M e x ica n N a tio n a l.........
57,167
In te rn a t’l & Gfi. N o r .. .
C hoc. O lda. & G u lf.........
M e x ica n R a ilw a y ...........
Gin. N. O rl & T e x. P a c.
M inn. & St. L o u is ,.........
M ob ile & O h i o . . . , .........
C lev. Cin. C hic. & St. L.
D u l. So. Six. & A tl...........
4 9,8 19
4 9 ,7 4 6
4 5 ,2 0 0
41,1 41
3 8 ,5 0 7
3 6 ,9 7 3
30,8 52
3 0,3 37
Iuterooeanic.................
51,520
Total (representing
29 r o a d s )................$ 3,5 1 7 ,8 0 8
D ecreases.
$ 5 4 ,5 3 1
M o. K an. & T e x ..............
G R O SS E A R N IN G S A N D M I L E A G E IN D E C E M B E R .
Grots Earning--.
B fa m tof R o a d
1898.
Alabama Gt.8outb'n.
Ala.N.O.Ttix.&Pac.—
N. Or!, & No. E a s t ,.
Ann A rbor................
$
1897.
bier erne er
Decrease.
$
189*.
1 897
161 ,67 5
$
177 ,60 6
— 12,931
810
810
1 47.066
78,337
71.9 03
120,005
156 ,57 6
95,159
77,586
119 .83 3
- 9 ,5 1 0
— 16,822
—5,683
- f 1.072
195
142
189
293
195
142
189
19*
THE CHKONJCLE.
66
[ V O L. LX VIII,
Gross Earnings.
Orost N a m in g».
Name o f Rooti.
1898.
1897.
Increase ot
Decrease. 1898.
flame o f Road.
1897
1898.
1897.
Mileage.
Increase or
Decrease. 1898.
1897.
$
$
*
$
$
9
228
• 28 West. N. Y. A Penu..
254,500
*o.
28,47 6
268.703
27,142
+ 1,3*4
—14,203
642
642
*7* Wheel. A Lake Erie.
278
49,049
136,923
+1,051
125,938
—10.983
la.
50,1C 0
247
247
•■1 Wisconsin Central.
•21
382,235
+ 10,076
n.
r
590,8(1 9
372.15 s
601,117
—13,416
937
937
839 Wrghtsv. & Ten......
836
7,693
286.812
..
28<>.f*29
8.577
+884
- 5 ,8 8 '
40
40
437,3C3
Bari. Ced. R. A No.
371.380
+05,923 1,136 1.1*6
6.547
. 2.638.00 3 2,322,712 +315,258 6,678
Total (134 roads). 52.222.188 48,760,832 +3,461,35" 100,539 99,445
579,454
»
557.57
—21,878 1,524 1,524
105
105
Chattan Southern.
5,49 2
5.509
-1 7
1 Earnings of Galveston Houston A Henderson are excluded for
>. 1,127,38 3 1,137,802
—10,419 1,360 1,300 both 1898 and 1897.
648
646
445,309
8
439.25 5
—6,113
{ For four weeks to Dec. 24.
930
930
n
480.13 7
393,384
+80,753
a Ches Ohio A Southwestern and Ohio Valley roads are included for
535 both years. Results on the Yazoo Branch (140 miles) aro included for
535
271,39 1
248.873
+2T,523
Ohio. MU. A St.
11. 3.504,27 i 2,817,080 + 087,196 6,154 •,154 1897 only.
232
232
* For threejweeks on ly.
79,47 2
80,690
-1 ,2 1 «
74
74
93,099
97.72 8
+4,027
§81
581
163.821
124.171
+29,649
GROSS EARNINGS FROM JANUARY 1 TO DECEMBER 31.
•80
220
145.591
95.845
+ 49,746
42
42
+431
5,79 )
5.3*5
•3«
+41,141
336
0.
381,68
340,544
flame of Road.
1898.
1897.
Increase. Decrease.
111
111
+ 1,605
a.
23,69 1
22,088
177
Clev. Akron A Ool..
77,321
177
+ 1,590
78,91
S
$
Olev.Clu.Ch.ifc8t. L . | 1,355,87
+30,852 1,838 1,838
1,325,020
1.750,973
1,651,956
352 Alabama Gt. Southern..
182,38*
99,017
Peoria A Eastern ..
166,122
352
+ 16,260
192 Ala. N. O. A Tex. Pao.—
192
—16,446
1.
130,29, 1
146,739
N. O. A Northeast’n ...
1,447,855
1,323,740
124,115
346
148,516
144.15'
346
—4,359
Alabama A Vieksb’ g . .
687,990
624,057
346
>
1
264,68'
03,933
316
262,631
+2,056
Vicksburg Shr. A Pac.
697,161
136.536
500,625
273
273
64,54*.
82,653
—18,111
Ann Arbor......................
1,466,504
22
—60n
1,309.898
Colusa < Lake..
k
156.606
1.600
22
324,561
290,546
730,000
34,015
797,501
+67,500 1,666 1,660 At). Kaoxv. & North’n.
560,165
150 Atlantic A Danville___
541,061
t.
39.59i
+2,360
19.104
15(
37,231
7.072,676
6,451,966
451 Balt. A O. Southwest...
+10,344
451
120.724
110,380
620,720
3,803,805
3,452,099
588 Buff. Eoch, A Pittsburg.
128,408
588
155,74+30,337
351,70
4,583,562
4,292,162
197 Burl. Ced. Rap. A N o...
152,9s5
+25,071
291,400
197
127,884
Oanadiau Pacific........... 26,105,860 24,049,534 2,056,326
*3
31,603
156
>
.
29,668
-1,935
Central of Georgia.......
5,617.733
5,423,549
110,512
ity
102,725
+7,787
194,184
68.904
73,156
655
•55 Chattanooga Southern.
269,223
259,214
+ 10,009
4,252
Fla. Cent. < Penin. ! 209.713
fe
940
940 Chesapeake A Ohio...... 11.995,89c 11,397,418
+24,034
185,679
598,472
4,357,388
1 130,910
4,142,210
455
455 Ohio. A East’n Illinois..
156,203
—25.293
215,178
5,564,393
140 Ohio. Great Western . .
57,404
56,555
146
+849
5,078,388
486,005
3.320,854
840
93(
11
11 Chic. Ind. A Loui-v......
+96
3.193,960
126,894
Georgia...........
159,196
807 Ohio. MUw. A St. Paul.. 36,089,726 32,178,761 3,910,965
154.528
807
—1.668
856.965
114,414
Georgia A Alabama.
451 Chio. Peoria A St. Louis
112/866
836,159
458
+1,548
20,806
1,'61,835
Oa. South. A Florida
79,689
80,145
285
285 Chic. TermT Tranfer...
—456
1,668,932
9 3,903
O r. Rapide A Indiana.
1.964,657
187,59
1.639.82b
432
132 Ohio. A West Michigan.
169,981
+17,609
324,831
1,678,512
38,683
34,884
92
92 Choc. Oklali. A G ulf....
+3,799
446,074
1,232,438
Traverse City..
4,664,835
3.286
+92
26 Oln. N.O. A Texas Pac.
3,378
3,059,113 1,005,722
26
Musk. Gr.R.AIiLIU. .
Clnn. Portsm th A Va..
2«3,327
8,465
9,005
—540
265,187
37
37
18,140
Or. Trunk of Can..
900,016
Clove. Akron A Col......
797,531
102,48'
Chic. A Gr. Tr*k
2.176,940 2,181,851
—4,911 4,036 4.036 Olev. Cin. Chio. A St. L . . 14,685,970 13.848,531
837,439
Det.Gr.Hav.&M
Peoria A Eastern......
1,910,026
a 1,810,629 1,529,267 +281,362 3,814 8,780 Clove. Lorain A Wheel.. 1,511,560 1,750,024 160,002
1,386,694
125,466
Eastern of Minn..
244,391
153,479
1.854,58s
172
72 Colorado Midland.......
+ 90,912
1,748,727
94,139
177,689
2,756,552
262
198.438
256 Ool. Hook. Val. A Tol...
—20,749
2,533,605
222,947
14.636
832,659
65
13.897
65 Ool. San’ky'A Hooking..
—739
771,965
60,694
4,137
16,759
3,3o9
25
25 Colusa A Lake............
+828
23,055
6,296
. 2.576.162 2,578.244
8,723,53
—2,082 3,667 3,775 Denv. A Rio Grande___
7,620,203 1,103,327
386.754
436,573
775
520,164
775 Des MoinesNo.A West..
+49,839
430,382
89,782
}
278,200
226,680
+51,520
531
531 Det. Gr. Rap. A West...
1,524,401
1,303,919
215,482
Iowa Central...........
164, 22
609
188,83**
1,821,807
+24,116
509 Dul. So. Shore A A tl.. .
1,591,115
230.692
Iron Kaliway...........
4,566
4,291
1,562,895
20
+275
20 Elgin Joliet A Eastern.
362,322
1,200,573
Kanawha * Mich.. .
45,227
51,657
172
312,012
172 Evansv. A IndianaDolis.
+6,430
311,352
660
Kan.C. Ft. 8. A Mem
364.81C
381,t65
1,226,939
975
-16,849
•75 Evansv. A Terre Haute.
1,131,433
95,506
Kan. C. Mem. & B:
148941
139.617
+9,322
276
276 Flint A Pere Marauette.
3.051,187
2,791,997
259,190
Kan. City * ft. W..
30,106
174
32,766
—2,660
174 Fla.Cent. A Peninsular.
3,014,652
2,242,681
771,971
2i,584
27,325
194
1,163,207
—2,741
194 Ft. Worth A Denv. City.
1,319,830
142,377
Kan.C. Plttsb. A Gulf
287,93b
265,174
870
814 Ft. Worth A Rio Gr’de..
+22,762
551,754
419,539
132,215
Kan, City Sub. Belt
47,639
35,(09
7,679
32
32 Gadsden A Atalla Un...
+12,630
8,686
1,007
Keokuk A Western.
50,094
46,258
+3,83r
260
1,592,279
260 Georgia...........................
1,610,032
17,733
Lake Erie & Western
301,791
725
313,398
—11,607
785 Georgia A Alabama......
1,273,089
150,792
1,122, 97
Lehigh A Hurt. Klvei
40,717
36,60
90
+4,109
967,160
90 Ga. Southern A Florida.
874,331
92,826
lo n g Island RR ___
277,181
291,32
—14,146
*79
2,163,035
*75 Gr. Raolds A Indiana.. .
1.978,569
184,466
Los Angeles Term'l.
6,539
7.384
50
—845
50
Oln. Rich. A Ft. Wayne.
445,341
406,644
38,607
87,625
84,43+3,187
372
Traverse City..............
41,620
*72
39,416
2,204
47,402
42,136
166
Mus. Gr. R. A Ind......
123,782
+5.266
166
117,460
6,322
1,982,510 1,925,277
+57,233 2.985 2,985 Grand Trunk........
Macon ABirmlng'in.
6,366
6,62—26i
97
Ohio. A Gt . Trunk .
97
24,122,040 23,547,814
574,196
Manlstiaue................
2,306
4.790
—2,484
Det. Gr. H. A Milw.
59
59
7
Mexican Central___ 1,366.041 1,216.236
(-149.805 1,956 1,956 Great Nor. St. P. M.A M. 19,403,870 16,691,072 2,712,798
Mexican National..
559,990
502,s23
+57,167 1,219 1,21*
Eastern of Minnesota.
2,655,120
1.970.627
684,493
Mexloan Railway}.
348,200
303,000
+45,200
321
121
2,002,034
Montana Central........
2,085,726
83,692
Mexican Southern*.
39,445
37.392
227
+2,053
227 Gulf Beaumont A t e
180.446
47.73*2
132.714
Minn. A Sc. Lome_
_
209.284
110,777
+38,507
366
8*6 Hoosac Tun. & W ilm...
54,274
54,923
649
Minn. 8t,P.A8.8te.M.
333,029
323.116
+ 9,833 1,195 1,195 Illinois Central a........... 27,645,851 24.788,995 2,856"856
Mo. Kane. ATex-sys. 1,129,827 1,184,358
—54,531 2,197 2,197
3,905,156
250,718
3,654,43'
Mo. Pao. A Iron Mt.. 2,375.000 2,254,055 +120,945 4,938 4,938 Int. A Great Northern..
Interoceauio (M ex.'t...
3.110.200
477,980
2,662.220
Central Branoh..
85.000
97,317
—12,317
888
388 Iowa Central..................
2,015,33*
1.732,489
282,843
M obile* Ohio........ .
438.' 00
401,027
+36,973
879
50,260
687 Iron Railway..................
39,546
10,714
Mobile & Birm'gbam.
30,550
51,916
—15,36b
149
249 Kanawha A Michigan. .
579,187
46,512
532,675
Mont. * Mex. Gulf...
111,714
129,851
—18.137
390
390 Kansas C. Ft. S.AMem..
4,835,947
4,863,486
32,539
Nash. Chat, & 8t. L-.
549,720
458.379
+91,341
935
905 Kan. City Mem. A Bir..
1,469,250
259,932
1,209,318
H.X.Cen.AHud.Rlv
3.837,036 3,600,825
237,111 2,395 3,395 Kansas City A N. W.......
338,394
354,476
l& o s s
N. Y. Out. * West___
320,522
312,742
+7,780
481
481 Kansas City A Omaha..
25i,4»9
269,096
17,607
Norfolk * Western.. 1,004,95.1
946,708
+58,251 1,561 1,570 Kan. City Pitts. A Gulf.
3,293,589
2,439,620
853,969
North Alabama Ry..
22,649
18,499
+4,150
119
119 Kansas City Sub. Belt..
528.740
392.914
135,826
Northern Pacific_
_
1,994 184 1,770,663
223,821 4,593 4,356 Keokuk A Western.......
578,783
580,706
1,923
Ohio River...............
79.7o7
79,533
+234
244
224 Lake Erie A Western...
3,464,823
3,439,395
25,423
Ohio Bout hern.........
84,426
82,913
+ 1,513
266
266 Lake Shore A Mioh. So. 20,738,900 20,297,722
441,178
Oregon RR. & Nav._
527,327
555,835
—28,508 1,065 1,065 eehlgh A Hudson River
390,621
387,578
3,043
Peo. Dec. * Evansv.
91,877
89,99b
331
+ 1,881
331 Long Island RR...........
4,555,834
4,177,525
378,309
Plttsb. Bess. A L. E
84.149
74. 1O5
+ 10.041
228
183 Los Angeles Terminal..
90,831
93,218
2,417
Pltteb. Lisb. & West.
3,819
4,821
—1.002
228 Loulsv. Evansv. A St.L.*
1,511.342
1.421.628
89,714
Plttsb. & Western..
136,616
127,504
+9,112
206
498,612
206 Louisv. Hend. A St. L ..
502,605
"3,993
Plttsb. Clev. * Tol.
80,708
72,655
+ 8,113
77
77 Louisville A Nashville.. 22,742.607 20,853,202 1,889,405
Plttsb. Pa. & Fair..
18,865
31,350
—12,485
53
53 Maoon A Birmingham..
60,924
"in is 2
67.103
Klo Grande 8outb'n.
44,0)2
41,004
+2,998
180
180 Manlstiaue.....................
95,059
110.509
15,450
Rio Grande Western.
255,550
264,500
—8,950
582
550 Mexioan Central............ 13,575.294 12,836,945
738,339
St. Jos. A Gr. Island.
101,900
112,142
-8 ,2 *2
251
251 Mexloan National..........
6,272,507
288,202
5,984,305
St. L. Ohio. & 8t. P.
30,340
32 958
—2, ,18
111
111 Mexloan Railway}........
4,062,400
3,670.0(0
392,400
St. L. Kennett & So..
9,000
5.981
+3,019
44
44 Mexican Southern*.......
632,854
660,717
27,863
St. Louis * 3. Fran..
609,390
519,558
+89,832 1,282 1,102 Mioh. Cent. A Can. So .. 13,924,000 13,097,000
227,000
St. Louis Southwes'n
606,900
502,801 4 104.099 1,223 1.223 Minneapolis A St. Louis
+
2,236,302
2,152,984
83,318
St. Paul A Duluth_
_
138,086
119,354
+ 18,732
244
244 Minn. St. P.A S. 8te. M..
4,283,916
3,917,691
366,222
Santa Fe Pres.* Plix
50,699
43,28B
+7,413
198
198 Missouri K. A Tex. sys.. 11,850,262 11,973,766
123,504
San Fran. & No.Pac.
67/ 0 1
59,324
+7.077
165
165 Mo. Paciflo A Iron M t.. 26,624,114 24,805,451 1.818,663
Bher. 8hrev.A South.
50,644
37,661
+ 12,983
153
153
Central Branoh..........
1,277,354
1,126,871
160,483
So. Haveu & Easteru
2,390
1,658
+732
3
37
A Birmingham..
389.404
328,3-9
60,515
Southern Railway...
2,244,1 U 2,018,40
2
4 25,785 5,259 5,255 Mobile A Ohio................
Mobile
4,433,211
420.f 07
4,012,704
Texas Central...........
42.906
43'. 19 2
—286
17t
176 Monterey A Mex. Gulf.
1,399,475
1.392,106
7,369
Texas A P acific....
910.260
933,833
—23.573 1,499 1,499 Nashv. Chat. A St. L ...
5,934 2 6
473,277
5.460,929
Tex. Sab. Val. A N'W
6,779
4,13
+2,641
3
38 N. Y. Cent. A Hud. Riv. 45,393,773 45 081,729
312,044
Tol. A Ohio Central.
165.874
170,352
—4,473
371
37 r N.Y.Ontario A West’n ..
3,861,416
3.950,278
88,862
Tol.Peoria A West’ n.
85.60,1
80,62?—965
249
248 Norfolk A Western........ 11,376,512 10,859,941
5 i 6^571
Tol. St. L. A K. City .
186,638
174,410
+ 12,228
45)
451 Northern Alabama Ry..
213,31b
181,339
31.977
Un.Pao. Den. A Gulf
309.997
339,175
—29,178
97s
974 Northern Pacific............ 25.078,008 21,020,531 4,055,477
Wabash...................... 1,222,390 1,0x5,90
4
2,32b 2,055 Ohio River.....................
962,693
965,197
2,498
. ;
THE CHRONICLE.
J anuary 14, 1889.j
If amt of Road.
1898.
1897.
tncrease.
S
$
*
719,041
729,172
7,105,289
5,6 21,062 1,48 i,227
904,100
916,675
1.311,861
643,993
637,868
47.471
46,380
1,713,131
72.307
1,785.441
9J7.290
1,061,595
159,305
372,894
373,205
....
481.186
387,210
93.976
2,974,223
3.288.913
314.725
64,430
1,227,193
1,162,763
341.178
303.853
32,325
66.123
11,038
77,16*
6.984*791
526,802
6.457.980
5,593,430
4.913,195
685.301
1,613,217!
75.081
1,688.293
Santa Fe Pres. A Phx.*
688.757
115,600
801.357
Ban Fran. A No.PacLSc,
805,960
876.823
71,166
Sherman Shrave.A S o ..
57.375
335.926
328.551
Southern Railway_____ 23,082,010 20,649,292 2,432,718
344,214
393,111
49.167
7,588.649
Texas A Pacific.............
7,962.947
374.299
61,503
Tex. 3 a i. V. AN. W ....
40,235
21,268
Toledo A Ohio Central..
1,571,191' 1.721,246
149.945
Toledo Peoria A West’n.
979,847
941,171
38,676
2,244,3 ’ 2
Tol. St. L. a Kan. City..
2,240,772
Un. Pae. Den. A G u ll...
3,554,572
216.884
3,771,456
Wabash.......... .
13,784,102 12,208,195 1,577.907
3,094.912
3.130,464
West. N. Y. A P a ........
Wheeling A Lake E rie..
1,197,016
281,168
1,478,184
Wisconsin Central.........
4,519,290
375,771
4,895,061
Ohio Southern....... ...... .
Oregon Ry. & Xavlgat'n
Peoria Deo. A Evansv..
Plttsb. Be*«. & L. Erie..
Pittab. Lisbon Si Weet’n
Pittsburg A Westera,...
Plttsb. C le w 4c Tol....
Pittsb. Paines. A F*pt.
Bio Grande Southern...
Bio Grande Western ...
Bt. Jo». A Grind Island.
Bt. L. Chic. A St. Paul..
8t. L. KennetT A South..
8t. Louis A Sau Fran.. .
St. LouU Bouthweetern.
Decrease,
8
10,128
12,575
1,091
311
...........
...........
4,040
351552
Total <133 roads).... 614,439,697 566,355,2 28 48,094,854 610,385
................ 48.084.463
Net Increase ..............
* For three weeks o&ly la December* ; Tf>:December 24.
aChesap. Ohio 4c Southwestern and Ohio Valley roads are Included
for both years. Results on the Yazoo Branch (140 miles) are not
included after July 1,1898.
HOADS REPORTING FOR ELEVEN MONTHS.
Jan. 1 to Nov. 30.
Adirondack.............. .
Alabama M idland*-.....
Atlanta A West Point* .
Baltimore A Ohio. ....
Bath m Oamtuondsport'
Rran®wick A Western •
Buffalo A Susquehanna*
Carol ina Midland..........
Central of New Jersey .
Charles!on A Savannah*
Chi*. Burl A Quines'....
Chicago A North West..
Ohio. Rock Ts’d A Pae*...
Chic. St. Paul M, A Ora.
Clev. Canton A South...
C ry s ta l................... . . . .
Cumberland V a lley,....
Detroit A Mackinac ...
E rie ................
_
Eureka Springs.._ ___
Indiana Ilia. A Iowa,—
Jackson Tampa A K- W
Lehigh Valley RfLt ...
Lehigh Valley Goal. ? ..
Lexington A Eastern...
Mexican International..
X. Y.
A Western..
NortheasCn of Georgia!
Northern C entral.........
Oregon Short Line*___
Pad do Coast 1................
Penns? Iv'a—Eafvt, Lines
West. L in e s ..* ,..* ,....
Peter*bur*J.. . . . . . . . . ...
Philadelphia A Reading.
Coal A Iron C o ..........
Phila. Read. A N. Eng..
Phila. Wilts. A B alt....
Richmond Fred. A Pot.
Richmond A Petersburg
Rio Grande Junction'..
San Ant. A Aran. Pans .
Sav. Florida A Western*
Surer Sp'gs Ocala A G.~
Bioax Ctty A Northern*.
Southern Pacific <6 r’ds)
Stony Clove A CatiuMU.*
Union Pacific Rv...........
West Jersey A Seashore
W. Va. Cent. A Pitts*...
West Vlr. A Pittsburg*..
Western of Alabama*...
WrightsTflie A TenntileJ
York Southern......... .
1898.
1897.
$
192,780
715,025
2,442,307
94,860
35,983,1*5
474.998
25,902,49!
27,117
23,154
515,030
549,000
59,978
11,551,424
663,535
39,536.742
33,378,101
19,150,411
8,613.284
651.158
13,195
782,034
484,503
30,067,557
52,742
6,055,470
795,786
53,407
768.282
325,354
17,758,231
14.715,005
232.815
3,032.310
046,377
3,106,671
48,012
6,050,407
5,664,217
4.846,"29
59,866,003
37,270,700
4->9,015
20,038.362
10.294.100
530.898
9,0*0,518
790,375
| 293,473
320,789
1,943.845
3,437,700
232,264
228,027
52,809,896
35,224
16,492,936
2,510,883
964,311
324,145
523,640
61,872
87.522
9
181,636
5*3,086
2,324,948
90.519
32,397,650
>53.501
23,758,767
29,200
22,549
479,048
512.445
64.526
11,635,168
507,217
36,413,709
30,798,962
17,224,909
7,923,445
599.200
12.403
757.329
431,617
30.843.777
58,884
6,005.983
806,322
45,049
637,598
273,855
17,398,421
15,127,078
188.772
2,757.418
537,177
2,031,526
42,859
6,148,263
4,890,208
3,508,544
58,-05,208
34,870,00b
432,235
19,337,280
20,423,546
606,886
3,348,81-1
643,493
256,751
302,204
1,861,430
2,314.770
101.820
222,985
46,037,397
32,804
15.169,812
2,387.368
943.029
329,857
439,137
61,143
64,390
Increase. Deerecu t.
$
8,144
146,939
117,359
4.1 4 1
3,091.*>45
21,49 7
2,143,724
605
35,982
38,555
5,452
............
56,368
3,123,033
3,079,139
1,925,442
717.839
51,958
790
24,705
49,886
.........
49.487
9,358
80,884
51,499
359,810
--f-f
44,04 i
324,892
9,200
09,145
5,153
774,008
1,337,485
1,261,400
2,400,700
56,780
751,082
741,700
147,377
38,722
18,585
82,215
872,930
70,444
5,042
6,771,499
2,420
1,323,124
123,517
20,682
34,509
729
3,126
s
2,083
83,7 44
...........
270,220
6,142
10,530
____ rr
412,073
.
96,856
1,129.446
25,980
.. a s
T exas. W e g la d ly m ake r o o m f o r th e fo llo w in g letter from.
ex-J u d ge E d w a rd G ra y, w h o w as th e tria l Ju d ge in th e eases
re fe rre d to. W it h referen ce to th e secon d p a rt o f J u d g e
G ra y ’s letter, w e w ill on ly say that in o u r discu ssions w e
sim p ly fo llo w e d th e la n g u a ge and argu m en ts o f the C ivil
C ou rt o f A pp eals.
D a l l a s , T exas, Jan. 7, 1899.
T he C o m m er c ia l an d F in a n c ia l C h r o n ic l e , N e w Y o rk :
G e n t l e m e n - I n y o u r issue o f D ecem ber 8d, 1898, w h ich
has been sh ow n to m e, y o u re v ie w ed itoria lly th e “ va lid ity
o f m u n icip a l bonds payable in g o ld .” In th is re v ie w y o u say
that th e d ecision o f the C ou rt o f C iv il A pp ea ls at F o r t W o rth
is a u th orita tiv e and a final ru lin g On this question in Texas,
In th is y o u are in error. O ur system o f ju risp ru d en ce as
n o w con stitu ted is som ew h a t sim ilar to th a t o f y o u r ow n
State o f N e w Y o r k and o f the U n ited States cou rts. T h a t is,
th e D is trict C ou rt is th e h ighest co u r t o f first im pression.
T h e C ivil C ou rts o f A p p ea l, o f w h ich w e have five, loca ted
in as m a n y districts, are in term ediate cou rts sim ilar to y o u r
Suprem e C ou rt in b a n c and to the C ircu it C ou rt o f A ppeals
in the U n ited States system . T h en w e h ave o u r Suprem e
C ou rt, w h ich sits at A u stin , th e capital, and t o w h ic h all
w rits o f error g o fr o m th e several C ourts o f C iv il A ppeals.
This la st co u rt is sim ilar t o y o u r C ou rt o f A p p ea ls, as I u n
derstand it, and t o ths Suprem e C ou rt o f th e U n ited States.
N o w the F ort W o rth m u n icip a l b on d case in question, the
C ou rt o f C ivil A p p ea ls h a v in g overru led th e m otion for r e
hearing. ca n g o to th e S a p rem e C ou rt, if th a t co u rt, u pon
exa m in a tion o f the record , sees fit to gra n t a w rit o f error
therein. T h e p roba b ilities are th a t the qu estion b ein g o f
su ch pa ra m ou n t im portan ce, th e Suprem e C ou rt w ill g ra n t
such w rit, ev en th o u g h it then affirm ed th e d ecision o f th e
C iv il C ou rt o f A pp eals, in ord er th a t th e d ecision may be
“ a u th orita tive and a final ru lin g .” In any even t, I am in
fo rm e d th a t a w rit o f error is n o w b e in g a p p lie d fo r t o the
Suprem e C ou rt by th e parties q u estion in g the v a lid ity o f th e
bonds, and the Suprem e C ou rt u n der the la w has th e ju r is
d ic tio n to gra n t th e w rit in this case, i f it decides to d o so,
and to review and affirm o r reverse th e decision o f th e C iv il
C o u rt o f A ppeals.
In y o u r discu ssion o f th is case it seem s to m e th a t y o u r
in form a n t falls in to a n oth er error as rega rd s its m erits,
w h ich is v ery im portan t. T h a t is y o u d o n o t d iv id e th e
sentence, “ G o ld c o in o f the U nited Stated o f th e presen t
standard o f w e ig h t and fineness.” T h e la w yers q u estion in g
the v a lid ity o f th e b on d s d id d iv id e th is sen ten ce, a n d as I
u nderstand th em , a dm itted that had th e b on d s stop ped at
the w o rd s “ G o ld coin o f the U n ited S ta tes,” th e y w o u ld
h ave been va lid , becau se g o ld co in o f th e U n ited States is
and w ill be m o n e y —th at is dollars ; and, as I u nderstand it,
this is th e th e o ry on w h ich th e U n ited States Su prem e C ou rt
in the M ississippi lev ee case (W o o d r u ff vs. M iss. 162 U . S.
291) w ent o ff on, and b y d o in g so to an ex ten t a void s som e
in consisten cies betw een th a t d ecision and som e fo r m e r d e c i
sions o f th at cou rt. T h e defense w as n ot that th e city u n d er
its leg isla tive a u th ority to “ b orrow m o n e y and issue its bonds
th erefor “ co u ld n o t prom ise to pa y a sp ecific k in d o f m on ey
but rath er th a t it co u ld n o t con tra ct again st th e G o v e rn
m ent's ch a n g in g the w eig h t a nd fineness in its g o ld co in
w ith in th irty years o f th e life o f th e bon d s, and th a t in its
attem pt to d o so it had prom ised to p a y a w e ig h t o r q u a n tity
o f gold that m igh t b e m ore or less than g o ld co in , a nd h en ce
n o t dollars, n o r m o n e y .
A n y argu m en t here on this qu estion w o u ld b e o u t o f place.
I have en d ea vored on ly t o state th e p oin ts. H a y in g sat as
the trial J u d g e in th e case, and you r a rticle re fe rrin g to m e
b y nam e, as w ell as the fa c t that y o u adm it n o su p erior as to
a ccu ra cy , and th a t y o u r readers, the h old ers o f these bon d s,
m ig h t be m isled as to the finality o f th e C ivil C ou rt o f A p
peal a . ision, is m y excu se fo r w ritin g this.
Y o u rs tr u ly .
Edw ard G r a y .
I^ o u c titu a iC C o m n iT tx ia l g i i g l i s h l p w s
[Prom our own correspondent.]
5,712
Total (67 ro a d s).,...... 503,175,853 472,943,603 32,280050 2,047,800
Netluoreasft (6*39 p.o.)
30,232250
N ote .—A n as ensk c> affixed to the name of a road indicates that
figures hare beea furnished only for the ten mo itb* to October 31.
t For el©T0d months to October 3 i.
1For nine months to September 30.
TH E GOLD C L A U S E IN T E X A S M U N IC IPA L
«7
BONDS.
In erar a rticle in the issue o f D ecem b er < under the caption
5
o f *' V a lid ity o f M u n icip a l B on ds P a ya b le in G o ld ,’ ’ w e
w ere in e rro r in a ssu m in g th a t th e Sp ecial C o a rt o f C iv il
A p p ea ls w h ieh d e cid e d the T exas cases w as the c o u r t o f
final ju ris d ic tio n . A n appeal fr o m th e d ecision o f th is cou rt
m a y b e taken on a w r it o f e rro r to th e Suprem e C ou rt Of
L ond on , Saturday, D ec 81, 1898.
Business has been u n u su a lly a ctiv e this w eek fo r th e season
o f th e year, a lth o u g h M on da y w as a h olid a y and v e ry fe w
peop le re tu rn e d to to w n on T uesday.
T h e im petus in the
first in sta n ce w a s u n d ou b ted ly g iven b y N e w Y o rk . T h e ex
ten sive b u y in g th ere w ith t h e grea t rise th at to o k pla ce early
in th e w eek le d th e profession a l elem ent h ere to b u y ea gerly.
In a d d ition th ere w as also a con siderable m ov em en t in
cop p er sh a res. T h e cop p er in du stry is w o n d e rfu lly pros
perous. T h ere w as a rise on W ed n esda y o f 10s. p er ton in
th e m eta l and there is a b e lie f th at a fu rth er rise w ill take
p la ce . T h ere w as a g o o d deal o f b u y in g o f cop p er co m
pany shares in con seq u en ce, n ot on ly on h om e a ccou n t b u t
likew ise on C on tin en ta l a cco u n t.
G en erally speaking,
m o s t dep artm ents o f th e S to ck E xch a n g e have been fa ir ly
a ctive. On T h u r sd a y it is tru e there w as a d eclin e in the
A m e rica n d ep a rtm en t o w in g to h eavy sellin g fro m N ew
Y o rk ; b u t still the m arket has con tin u ed e x ce e d in g ly stron g
fo r the tim e o f year.
68
THE CHRONICLE.
fvot.
l x v iii,
T h e B ritish p u b lic, w h eth er r ig h tly o r w ro n g ly , assum es secu rities are h eld u p on b o rro w e d m o n e y to su ch an e n o r
th at peace is assured. T h ere is n o d ou b t at all th a t this c o u n m ou s ex ten t th at th e presen t p rices are v a s tly in fla ted, a n d
tr y has n ever been m ore prosp erous than it is at th e th ey m u st b e red u ced . M o re o v e r th e banks w ill h av e t o
present tim e;
that the
h om e
trade is v e ry a ctiv e ; p u t pressu re u p on th eir clien ts to sell i f the F ren ch b a n k s
A lto g e th e r, th erefore, it look s as
th at sh ip b u ild in g has beaten a ll record s, and th at if ca ll in m u ch m on ey.
p olitica l con fid en ce revives, th e n ew y ea r w ill p rov e y et b e t i f th e strin g e n cy in G e rm a n y w o u ld co n tin u e fo r s o m e
R a tes posssib ly m a y n o t be so h ig h as th e y are*
ter. B u t w h eth er there w ill be p o litica l repose is difficu lt to tim e.
decide at present. T h e g o o d fe e lin g w h ich h ap pily exists b e b u t th a t th ey w ill be h ig h fo r m on th s y e t appears v e r y
tw een the U n ited States and th is c o u n try , and the under - p ro b a b le at present.
standing th at has been arrived at b y ou r G overn m en t w ith
M ean tim e th e m o n e y m a rk et in In d ia is g ra d u a lly h a r d e n
G erm an }’ , seem ed to be a g o o d gu a ra n ty fo r peace. M ore in g . T h e B a n k o f B om b a y this w eek raised its ra te o f dis
o v e r the R ussian G ov ern m en t is in th e direst stress fo r co u n t fr o m 5 per ce n t t o 6 per cen t, as th e B a n k o f B en ga l h ad
m on ey. It ca n n ot b o rro w u pon the C ontinent. I t has tried p rev iou sly done. B u t th e gen era l im p ression is th at th ere
b o th in P aris and B erlin , and has failed . A c c o r d in g to the w ill n o t be so grea t a strin g e n cy as th ere w as la st y ea r and
new spapers it has also tried in N ew Y o rk , and failed there th e year before. H o w e v e r th a t m a y b e th e In d ia C o u n cil is
sellin g its d ra fts sa tis fa cto rily .
It offered f o r ten d er on
likew ise. It is n o w try in g here in L on d on . It w ou ld seem
W ed n esda y CO lacs, and th e a p p lica tion s e x ceed ed 3 1 0 ^ lacs.
then, that R u ssia is n ot in a position to fight. She w ill n ot T h e w h ole a m ou n t offered was s o ld a t p rices a v era g in g
be able to com p lete her Siberian ra ilw a y fo r som e years yet, slig h tly o v e r Is. Id . per ru pee.
T h e fo llo w in g re tu rn s h ow s th e p o s itio n o f th e B a n k o f
and she has n ot finished the reorgan ization o f her arm y.
E n g la n d , th e B a n k ra te o f d is co u n t, th e p r ic e o f o o n so ls ,
B u t th ere is alm ost universal unrest th ro u g h o u t the T u rk & c., oo m p a re d w ith th e la s t th re e y e a r s :
ish E m pire. In A u stria -H u n ga ry the life o f one sin g le m an
1898.
1897.
1896.
1896.
Dec. 28.
Dec. 20.
Dec. 30.
Jan. 1.
k eeps the E m pire tog e th er : in Spain th ere m a y b e a re v o lu
*
a
.
£
£
27.306,285
tio n at any m om en t, and in F ran ce n o b o d y ca n say w h a t Circulation................................ 7,131,028 27,347/80 26,6* 4,125 26,463,425
Public deposits........................
9,402,537
8/84,436 9.934,220
Other deposits...........................
40.2*4,311
m a y happen fro m day to day. It look s n ow as i f th e stru g Government securities.............. 36,279,495 13,024,159 48,3 >1,795 56,526,619
11.299.6?5
13.752,909 14,630.164
g le betw een tn e civ il and m ilita ry au th orities w o u ld end in Other securities ..................... 3i.0H.027 34,541,983 34,563,3*5 33/86,*875
Reserve of notes and coin....... 18,831.550
19,9- 6,413 24,294,774 35,291,631
the triu m ph o f la w . B u t there are g rea t num bers, even o f Coin & bullion, both departm’ts 29,337,841 30,453,493 34.158,869 44,960,058
rop. reserve to liabilities.p.ct.
43 3-16
40
4414
53
4
3
4
2
h ig h ly in telligent F ren ch m en w h o h old a different opin ion ; Bank rate..................percent.
Consols, 2H per cent...............
110*4
112 9-16
111 7-16
100 9-16
27 o-l0d.
26^d.
29%d.
30V$d.
and at the same tim e there is w id esp rea d unrest in F ran ce, 3ilver......................................
Clearing- House returns.......... 127,826,000 105,382,000 132,437,000 178,975,00 q
and there is a b elief, u tterly u n fou n d ed b u t still gen u in ely
T he rates f o r m o n e y h a v e b een as fo llo w s :
held, that this co u n try w ishes to p r o v o k e F ran ce in to w ar.
Interest allowed
A s a m atter o f fa c t, the desire o f this co u n try is to liv e on
Open Market Rates.
for deposits by
g o o d term s w ith France. B u t th e F re n ch take an en tirely London. a;
D-is’i H's
Bank Bills.
Tt'ade Bills,
different v ie w o f ou r attitu de in th e F a sh od a in cid en t, and
Stock At 7-14
3 Months. 4 Months 0 Months. 3 Mos. 4 Mos. Banks Call Days
th eir a n g er m a y p o ssib ly lead to ren ew ed quarrels.
31-16
3^@4
814 294 2H
3M
A ll this is fe lt v e ry s tron g ly b y the m ore p ru d en t people, Dec. 2 4 3 7-16©3Wj
3
“
9 4 3 3-I0@3^
3^@ 3^ S9£@39i
394
2% *A m
th e leadin g m erchan ts, the grea t bankers, the w ea lth ier m em
4
3 7-16
2 15-10@3
“
16
391
391
294 2% 2X
394
2 15-16@3
“
23 4
391
394
3M
bers o f the S tock E xch a n ge, and th ey are u n w illin g , th erefore,
394
8% 2% 2H
“
30 4 3 l-16@3Vfi
3
3A
SA.
m
294 ■ A 291
2
th at a w ild specu lation sh ou ld sprin g up. On the oth er hand,
T h e Bank ra te o f d is co u n t a n d open m a rk et rates at th e
there is a section o f th e S tock E xch a n ge w h ich is co n v in c e d
ch ie f C on tin en ta l cities h a v e b een as fo llo w s :
that all this is m ere croa k in g , and w h o h av e earn ed very
little d u rin g the period o f depressed business in the S to ck E x
Dec. 30.
Dec. 23.
Dec. 10.
Dec. 9.
Rates of
ch a n ge, a nd are v ery anxious n ow to m ake m on ey in any
Interest at
Bank Open Bank Open Bank Open Bank Open
w ay they can. Th ere is thus a suppressed s tru g g le g oin g on
Rate. Market Rate. Market Rate. Markt. Rate Market
betw een the w ealth ier, th e m ore in tellig en t and th e m ore
3
3
3
3
3
Paris..............
3
3
3
con serva tive p o rtio n o f the b a n k in g and the S tock E x ch a n g e Berlin.........
6
6
0
6
*/
~&
594
554
594
Hamburg ..
6
6
6
6
594
594
co m m u n ity and the less serious and m ore im p u lsiv e—th e one
ax
5H
6
0
Frankfort. ...
6
0
5A
^A
>
694
594
desiring to prevent specu lation , the oth er to en cou ra ge it.
Amsterdam....
294
2X
294
29 2 2-16
4
291
294
854
The larger pa rt o f the gen eral p u b lic is ca u tiou s and is n ot Brussels.......
4
3
311
3
8
294
291
854
5
5
5
5
5
i%
5
m
d o in g m u ch , th ou gh it is b u y in g m ore than it did la te ly . Vienna.....
St, Petersburg.
5%
5%
594
594
5A
554
694
5A
T h e professional elem ent and th e m ore reckless o f th e p u b lic Madrid. .
5
5
5
5
5
5
5
5
are specu latin g to som e extent.
5
Copenhagen...
5
5
5
5
5
5
5
M on ey has been in e x ceed in g ly stron g dem and a ll th rou g h
Messrs. P ix le y and A b e ll w r ite as fo llo w s u n d er d a te o f
th e w eek . V e ry la rg e am ou nts h ave been b o rro w e d b y the D ec. 29 :
ou tside m a rk et fr o m the Bank o f E n gland, and in m any
Gold.—There was considerable demand for delivery before Christ
quick
cases extra va ga n t rates have been pa id b y s tock b rok ers to mas, and £428,000 was borrowed, in bars, from the Bank for day o r
delivery. This is now borne paid baek daily. During the last
ca rry ov e r th eir accou n ts. P a rtly this is due to th e end o f two the enquiry has rather lessened. The Bank of England sold£478,000, mostly as stated above, and bas received £330,000, of
the year preparations, pa rtly to th e w ith d raw a ls o f g o ld fo r wbicb £280,000 is in bars. The arrivals from the Cape total £15,G erm any, South A m e rica and elsew here and p a rtly to the S00,000, against £10,126,000 in 1897. Arrivals; Australia. £181,000;
Chili, £4,000; Capetown, £296,000. Total, £484.000. Shipments;
unw illingness o f m any bankers to en cou ra ge specu latiijn in Bombay, £20,000; Calcutta, £2,5C0. Total, £22,500.
Silver. Owing to the holidays, the market has been a very dull one.
any form .
There has been very little Eastern demand, and with a few selling
orders, chiefly on New York account, the price has fallen to 275,,.d.
T he Bank o f F ran ce has giv en n otice t o oth er bankers n ot
The Indian rate to day is Es 694* per 100 tolahs. Arrivals: New
to briDg to that establishm ent finan cial b ills. T h a t has h ad York, £85,000: Chill, £36,0 0. Total, £121,000. Shipments: Bom
£122,500.
a very soberin g effect u pon bankers all o v e r E u rope, and in bay, £87,500; Calcutta, £25,000; Shanghai, £10,000. Total,the nearest
Mexican Dollars.—Thore are no fresh sales to report, and
som e cases it has alarm ed F ren ch d ep ositors, w h o have w ith price is 26%d.
T h e q u o ta tio n s f o r b u llio n a re r e p o rte d as f o llo w s :
draw n their deposits. M oreover som e o f the grea t F r e n ch
|
banks have given n otice that th ey w ill w ith d ra w som e o f the
m on ey th ey have been em p loy in g in G erm a n y and in A u s
tria -H u n ga ry fo r a con siderable tim e past. A fte r this week
m oney w ill begin to com e b a ck fr o m the co u n try districts in
G erm any to the branches o f th e Im perial B ank, and there
o u g h t th erefore to be a con siderable in crease in the supply
o f m on ey at the grea t b ankin g centres.
B u t if th e F ren ch
banks w ith d raw upon a large scale th ey m a y n eu tra lize th e
e ffe ct o f the return o f the m on ey, and possibly th ey m ay in
ten sify th e stringency.
T he k n ow led ge th at this a ction w as taken b y the Bank o f
F ra n ce has m ade E n glish bankers v e ry desirou s to ch eck
specu la tion here. In P aris there w ill be even a greater effect.
A n d in G erm an y it seems safe to p red ict th at th ere m u st be
a con siderable fa ll in th e prices o f industrial securities. Th at
m ost indu strial com panies are d oin g w ell is true. B u t theis
G old .
London Standard.
3ar gold, fine___oz.
Bar gold,partlng.oz.
0 .8 . gold ooln...oz.
9ermT gold ooln. oz,
n
Frenoh gold ooln.oz.
Japanese yen ....oz.
Dec.
29.
t.
77
78
76
76
73
76
d.
Ilia
0
6%
7
6%
6%
Dec.
22.
».
77
78
76
76
76
76
Sil v e r .
London Standard.
Dec.
29
d.
<.
2
11% Bar sliver, fine.. . oz. 27o!8
0% Bar silver, t ontaln’g
6% do 5 grs. gold.oz. 27t, 2715;,
7% do 4 grs. gold.oz. 27% 271116
6% do 3 grs. gold.oz. 2 7 h 3 27%
6% Cake s ilv e r ..___oz. 297i« 29%
Mexican dollars.oz 26% 27
T h e f o llo w in g s h o w s th e im p o rts o f o e r e a l p r o d u c e I n to
the U n ite d K in g d o m d u rin g th e first seven teen w e e k s o f th e
n e w season co m p a re d w ith p rev iou s season s:
IM P O R T S.
1898.
1897.
1896.
1895.
lmportsofwheat,owt.20,031,300 21,618,000 22,814,530 23,086,960
Barley........................... 12.021,400 8,044,294 10,499,670 10,419,270
Oats............................... 5,483,770 4,967,020 7,179,230
4,928,840
Peas..............................
858,270
971,870 1,499,345
1,068,350
Beans...........................
897,780 1,174,540 1,166,300
1,343,810
Indian oorn................ 16,513, 00 14,455,600 20,291,700 13,636,980
Flour.......................... 7,085,430
6,257,500 7,501,730
0,430,900
THE CHRONLCLE.
JANUARY 14, 1S»9.1
S u pplies a v u ila o le fo r c o n s u m p tio n (e x c lu s iv e o f s to c k s on
S e p te m b e r 1):
199 '7
1897,
1896,
1896.
Wk*at imported, owt.20,031,300 21,618.000 22,811.530 23,080,960
0,257,500 7,501,730
6,430,900
imports of Boor........ 7.085,430
5,315,836
Ssfles of Home-grown 11,583.381 10,530,194 10,011,909
T otal...... ..............33,680,11138,405,694
40,336,109 34,833,696
1898.
1897.
1896.
1895.
Aver.prioe wke»t,we3k,29,. 9<L
21a. 4d.
30a. 9(L
25s. 03.
Average price, season,.27a. Id.
33a. 4d.
28a. lOd.
24a. 7d
The fo llo w in g sttow s the q u a n titie s o f w h e a t, flo u r and
m aize a float to th e U n ited K in g d o m :
This week.
Last week.
1897.
1896.
Waeat.............. ora... 1,815.000
1,710.000
2,275,000
2.495, OCo
Flour,eqoalto qrs... 445,000
475,000
470,000
360,OOo
Maize ...
,.ir a ... 753,000
805,000
690,000
895,000
G u r n .l i B l a i a r l a l U a r K e u —P e r C a b le .
T h e da ily jla sin g q u o ta tio n s f o r secu rities, e tc ., a t L o n d o n
a r e re p o rte d b y ca b le as f o llo w s f o r th e w eek en d in g Jan. 13:
GOxco n
Sat,
Jfon.
Wed.
I net.
69
Cue fo llo w in g ta b le s h o w s th e ex p o rts a n d im p o rts o f
specie a t th e p ort o f N e w Y o r k fo r th e w eek en d in g J a n . 7
and sin ce J a n u a ry 1, 18S9, a n d f o r th e co rresp on d in g p e r io d s
in 1898 a n d 1897.
RXFORT8 AND IMPORTS OP SPBOIB AT NSW YORK.
Exports.
Sold
Week.
Great Britain..........
France........ ............
G erm any...............
West Indies............
M e x ic o ..................
South America........
All other countries.
Total 1899........
Total 1893........
Total 1897........
Silver.
In uri
Imports.
Since Jan.l.
Week.
$1,050,052 $1,050,052
7,000
Week.
fr.
$5,189
Since Jan. 1.
$5,189
8,849
2,350
5,000
$1,057,052 $1,055,052
32,000
22,000
36,800
36,800
Exports.
Since Jan. 1,
8,849
2,350
$16,388
$16,388
817,831
816,903
132,066
132,066
Imports.
Week.
Since Jan. 1,
27 5 0
U 0 »i
110%
01- 7%
401,8
22
58%
$8%
43%
28%
126%
73
15%
40
118
Great Britain..........
$885,155
$885,155
27s, a 27%
Francs.....................
i i o i s , s 111%
Germ any..................
U P ] , 111%
130,500
12,000
$64
$64
01-57% 01-62% West ladles.............
M e x ico ............. ........
20,388
45-\
20,388
45%
South America.......
8,736
8,736
22%
21%
All other countries.
3,578
58%
3,578
56*4
88%
83%
1897,155
Total 1899........ $1,015,655
$32,766
$32,766
14
Total 1898........
1,128,113
874,413
157,218
153,098
28%
28%
624,5^4
62 %544
Total 1897........
31,280
31,280
127% 127%
72%
74%
<lf th e a b o v e im p o rts f o r th e w eek in 1899 $7,170 w e re
15%
15%
30%
39%
A m erica n g o ld co in a n d $482 A m e rica n s ilv e r co in . O f th e
119% 120%
ex p orts d u rin g th e sam e tim e $767,000 w ere A m e rica n g o ld
co in a nd $130,500 w ere A m e rica n s ilv e r coin .
Louisville k Nn-iUvUle 66
07
68%
08%
06%
67%
14%
13%
Mo. Kan. k Tex., com .. u %
14%
14%
14%
123
S'. Y. CVnt'l St tlo4so&.. 126
126% 127% 127% 129
I ir e e d * ta ir « F ig u r e s B r o u g h t F r o m P a g e 4 3 .— T h e
20%
20%
H. Y. Ontario k Weethi 20%
21
21
20%
sta tem en ts b e lo w are p rep a red b y us fr o m th e fig u res c o l
65%
05
66%
Norfolk k West'n prof. 03*3
65%
04%
45%
46%
49
Northern itenllc. com. -U%
45
48%
lected b y th e N ew Y o r k P r o d u c e E x ch a n g e . T h e re ce ip ts a t
80
80%
Preferred_ ______... 78%
_
79%
SO%
79%
Y e ste rn lake a n d riv e r p orts fo r th e w eek en d in g Jan. 7, a n d
f’ enoaylvaola.............. S3
03%
05%
67
03%
63
since A u g . 1. fo r ea ch o f th e la s t th ree yea rs. h a v e b e e D :
11%
11%
•Philo. it Reail.............. 10%
11%
11‘4
11%
27%
27%
28 s,
•PLllu.AHead., 1st pref. 27
28%
28%
15%
15%
14%
14%
•Phila.A Read.. 2d pref. 13%
14%
Wheats
Cbm.
Receipts at— Flour.
Oats.
Barley.
vs.
12%
Bouthn Railway.com .. 10%
u%
11%
10%
11%
45
40%
46%
Bbls.mihs ButhSOlbt Bush.SQlbs Bush.32lb$ BushASlbs Bu.o6 lbs.
•42%
43%
Preferred........ .
■16%
47%
44
Union Pacific.............
45%
45%
13%
45%
277,483
687,760 2,830,391 1,521,150
298,450 153,976
Chicago......
75%
70
Do
new prof.-. 7A
76%
76%
75%
7,050
334,650
200,600
161,200
Milwaukee. ■
117,400
31,000
23%
28
24
23%
23%
Wabash, preferred....... 23%
657.779
120,785
124.049
88,733
21,936
4,258 1,721.880
672,850
819,590
Minneapolis.
133.409
378,407
1,287
25,030
7.800
® a u tia e v c tiiU iu (l i^ is c c lliu ic o u s ilP c u r s
60.312
30,127
8,400
4,80i
0,259
Detroit.......
10,77 8
57,579
123,336
80,823
159,160
429,065
148,800
Bon d s H eld b y N a t io n a l B an k s .— T h e fo llo w in g in te re s t 3L Louis . . .
10,625
03,750
2.800
11,050
370,760
110,160
7,900
61,250
’ aorta........
6.4C0
in g statem en t fa ra ish e d b y the C o m p tro lle r o f the C u rren cy
174,000
289,000
20,000
Kansas City.
sh o w s the a m o u n t o f e a ch cla ss o f bon d s h eld aga in st n ation a l
bank circu la tio n a a d to secu re p u b lic m on eys in n ation a l
317,803 *,108,469 5,212,310 2.G25.299
585,841 236,689
Tot~wk.'99.
bank d ep ositories on D ecem b er 8 1 :
088,316 227,163
217.007 3,205,897 5,455.002 4,093,127
Same wk.'OS
1,514.885 2,143,883 2,711,947
007,700 155,380
180,060
Suae wfc.%7.
lines Auo. l .
f V. 8. Beads arid Dee. 3L, 1808, «» He:ure
7,970,902 179,239.423 99,880,807 85.304,601 20,188,572 «,864,135
I8W
B-00... —
Description o f Bond*. 1
—~
“T
1’ iMie Depoaim
Bank
5,190,58ft 151,356,726 119,737,871 98.020,825 23,331,050 6,919,276
1897-os,.
loini Beht
1890-97....... 0.392,924 J10.530,341 78.200.04-3 91,620 923 25, U0 720 4.761,085
(Jinsulation.
its Banka.
The re ce ip ts o f flour a n d g ra in a t th e sea b oa rd p o rts f o r tb e
83,103,000
Currency 8s, Pae. RR
$1,288,001
7,367,00.
22,377,400 w eek en d ed Jan. 7, 1890, f o llo w :
6 p . et»., 1894, doe 1994
Barley,
Oats,
Jv
Rcx
Wheat,
Oorn,
flour,
4 per e tc, funded 1907.
23,130,500
157,102,550
bush.
bush.
bush.
bush.
bblb.
bush.
Receipt* at—
717,600 165.125 118,950
9,907,500
30,633,150 Sew Y ork................. 206.182 M78.300
187.200
4 p. eta., 1895, dm 1925
980
62.503
Boston......................
1,531,560
23,021,250 M ontreal.................. S0J 00 J11819 241,013 225,002
3 per cta„ funded 1891*
055
5,100
3.790
5.P75
25,484
24,300
128,606
13,h00
727,688
75,029,430 Philadelphia........... 78.010 241,993
28,036.4201
p. eta ,'98, duo 1908 11
76,750
,038,747
10,281 165,068
Baltimore .............. 174.338 380.837 l,i
23,100
9,702
2,998
*71. 23.9201 $239 942.8*50 *311.266,770 Richm ond................
Total. ...
17.745
488,535
9.H74
450.900
Sew Orleans*........
5.278
....... 28,116 28.930 128,271
Redeemable at option of the United States.
Newport News........
250,C O
O
T h e fo re g o in g does n o t in clu d e th e bonds h eld in th e N ew N orfolk :.......................
10 0
,0 0
246,000
602,000
^Filvest.oo ..................
Y o r k dab- Treasury against deposits in banks. T h ere w ere so A..,,uhu, Me......... 10,045 404.161
42,500
13O 1
.0S
75,000
32,000
4,665
h eld o n D ecem ber 81 $21,508,000 b on d s, m a k in g th e w hole Pensacola ..............
fiV.Vss
Mobile........... .......
a m ou n t at that date in possession o f th e G ov ern m en t as se St. John, N. B........
87,119
78,086
6,608
c u rity fo r deposits $92,831,930.
634,020 3.914.839 3,477,354 1,393,017 215.800 350,15
Total week...
3 06,504
301,031 1,840,325 8.8*4,118 3,080,703 152,603
Im po rt s an d E x p o r t s tor t h e W e r k . — T he follow d a g ate ffeeltl898........ .
t h e Im p orts at N ew Y o rk f o r th e w eek en d in g f o r d r y ,0 0 0 8
* Receipts do n ot Include a:rain p&Sitni? through New Orleans fo r fo r e 'g n
J a n . 5 a n d fo r the w eek en d in g f o r g en era l m erchandise ports on through bills o f ladlmr.
Jan. 6; also totals - in te the b e g in n in g o f th e first weeh
T ota l receip ts at ports fr o m Jan. 1 to Jan. 7 com p a re as
in Jan u a ry,
fo llo w s f o r f o u r yea rs:
ro a s t o x imports at h* w r o a d
18U3.
1898.
1897.
1899.
Receipts o f —
Sliver, per ounce....... d. 27%
Console., newest3* p.ets. U 0*ia
*
F o r , c iin !................ 110%
BVefc tea tea(in Paris) fr. 101 60
46%,
Spanish i s ................ .
Atch. Top. k Santa Fe.. 1S%
Do
do
pref. 521,
Canadian Pacific......... . 87%
41 *4
Chesapeake A Ohio...... 25%
Okie. MIL & St. Paul... 124%
Dory. A Rio Gr., prof . 71%
Brio, common............... U %
le t preferred_ . . . . . . 3n%
_
Illinois Central........... 118
27S„
1109,8
110%
01 27%
«»*U
20%
55%
37 7
a
12
25%
I25*e
72%
14%
39
118
276,6
110%
1,0%
01 42%
40%
22%
534
38
43%
27
125%
72%
15
39%
118
364,054
280,269
208,584
13*0.825
3,884,118
3,080.763
162/03
300.594
037,081
2,815,399
1,023,142
209,254
105 105
~ 333,571
1,024.095
041,037
00,264
12,791
4,790.681
2,708,318
F lour........ ........
For week.
1889.
1898.
1897.
ISto.
Dry Goods_
_
Oen’l mer’diae
#2,257,106
7,612,153
$2,390,152
7,2c 8,184
£2.014,273
7,752,649
#3,183.076
7,754,890
Total........
fiince Jan, l.
Dry Goods___
GenT rner'dise
$9,869,259
$9,678,336
89,760,922
$10,937,966
$2,257,100
7,612,1.53
$2,390,132
7,288,184
*2,014.273
7.752,649
$3,183,070
7,754,890
Total 1 week
$9,869,259
*9.678.330
$9,706,922
...b a »h .
...
“
, •
•
•
Harley................ ... •
. •
*
R ye............ .
.1,914.838
3.477,354
1,393,017
$10,937,966
T he fo llo w in g is a sta tem en t o f th e e x p o rts (ex clu siv e u
te c ie ) fr o m th e p o r t o f N ew Y o rk to fo r e ig n p orts fo r th e
» « e k en d in g Jan. 9 and fr o m J a n u a ry 1 t o d a te:
BXZORTS FROM *BW YORK FOR TUB VISES.
1899.
1898.
1897.
1896.
For the week..
Frev. reported
$ 11,802,705
87,099,491
$9,792,649
$9,538,642
Total 1 week.
*11.302.7(15
*7.989.491
$8,792,649
$9,538,642
Total (rraln....
"
2*5,809
352,463
9,383,M2
9,351,403
T h e ex p o rts fr o m th e severa l seaboard p orts fo r the w e e k
en din g Jan. 7, 1899, a re 3 h ow n in th e a n n exed s ta te m e n t:
489,250
404,161
90,03.0
560.137
New Orleans- 255,820
72tt,8(U
28,96#
St.John, N. B. 72,402
Mobile ..........
32,000
Pensacola —
Galveston .. ..
Same time
497,035
340,201
76,009
713.022
1.510,312
889,575
200,000
128.571
337,199
78,085
69,428
4,805,897
400,144 4,840,553
F lo u r ,
bbTs.
181.773
36,752
10,045
51,554
1.003
10,8t8
O a ts ,
bu sh .
su ss;
79,001
130,081
“ 2,615
28,110
2,000
5,278
6,008
332,234
808,200
107,579
42,500
142,143
12,85/
J?7,449
409,808
319,147
B ye.
b u sh .
P ea s,
bu sh .
0,319
. . . . ...
25,152
B a r le y
bu sh .
2 6 ,8 8 1
.»...,...
.. ... .»
...........
305,078
309,729
31.371
58,331
20,801
134,3??
The destination of these exports for the week and since
September 1, 1898, is as below.
-Flour.-
E xports f o r
and tin es
Sept. 1 to—
[V ol . nxvm.
THE CHRONICLE.]
70
,-------- W h ea t. -------- W eek
Since Sevt.
Jan. 7.
1, 1898.
bush.
bush.
IV u k S ines Sept.
'
,1883.
Jan. 7.
bbls.
bbls.
United Kingdom 2fl«,S00
Continent...........
8. A C. America. 24.1P6
West Indie-.......
SW
.0S4
Br.N. Am. Colo's
4.8*9
Other countries.. 1H,791
T otal................. 409,008
Total 1808........... 319.147
W eek
Jan. 7.
bush.
C om .
Since Sept.
1. 1898
bush.
2 67 2
8 3 ,7 8
8 ,0 0
40
.
4,380,682 2,068,5*7 36,400,706 2.251,236 32,281,171
____ - ---------------- 1,061,010 1,684,842 27,690,113 1.081,580
1.870
496.503
170.077
200,103
12,783
408.010
................................
158.420
lOfl.ttf*
..........
,
811,032
110,029
168,279
21,087
407,744
6,054,207 3.661.446 61,658,038 4^805^807 02,108,808
6.606,626 2,400.144 68.858,749 4,346.658 01,574.008
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake ana
seaboard ports, Jan. 7,1899, was as follows:
W heat
bush.
In store at—
4.007.000
New York...........
8,000
afloat..
Do
Albany........................
Boflalo......................... 3 875,000
Do
afloat.........
Chicago..................
3,704,000
Do
afloat........................
Milwaukee..................
17,000
Do
afloat...................•• ■
•
D u lu th ............ .......... 8,762,000
DO
afloat.........
268,000
T oledo........................
448.000
Do
afloat.........
••
••
Detroit........................
276,000
Do
afloat......................... .
g t l 2 S i ..................... 1,44*6,000
Do
afloat..........................
Cincinnati...................
-• • •
•
Boston....................... . 333,000
T o ro n to...................... 138,000
Montreal....................
21,000
Philadelphia..............
520,000
Peoria.........................
,«i*595
Indianapolis....... %■..
150,000
Kansas City..............
Baltimore.................. 1.884,000
Minneapolis ............ 5,088,000
On Mississippi R iver.................
On Lakes.....................................
On canal and river.....................
Total Jan. 7,1809.27,358.000
Total Dec. 81,1898.26.898,000
Total Jan. 8,1898.88,863,000
Total Jan. 9,1807.63,872,000
Total Jan. 11,1800 68.916.00*
O om
bush.
2.717.000
275.000
35,000
821.600
400.000
0,071,000
241.000
Oats.
bush.
Rpe.
bush.
B a rle j
bush.
1,110.000
148,000
133,006
387.000
142.000
26,000
1,850,00C
1,488,000
452.00C
661.000
**4,00*0
423,66'
13.000
45.000
318,000
*84,00*0
1.536.000
250,0*66
750.000
116,000
2,000
”6 ,0 6
*6 *6
10,000
535.000
4.0C0
*1 .6 6
8 *6
85,000
182,000
6,000
83.000
16.000
*45,666
*18,666
125,000
4,000
38,000
4,000
221.000
163.000
437.000
40,000
8,000
900.000
*25.000
879.000
748.000
187.000
125.000
1.607.000
1.029.000
20.035*000
10,126,000
39.518.000
20.520.000
0.181.000
85.000
7.000
114.000
177.000
199.000
33.000
9.000
207.000
2.051,000
0,402,000
5.829.000
14.310.000
18.686.000
6.389.000
114.000
1,000
1.000
49.000
330.000
40.000
1.386.000
1.296.000
4.100.000
3.160.000
1,682,00*
81,000
6,000
4.025.000
3,962,00^
4.070.000
4.076.000
8,781,0'0
BANE®.
(00a omitted.)
Nb w Y d r k Ci t y .
As tor Place............
O olonU l............ .
oltux&la................
Eleventh W a rd ....
Fourteenth Street.
Franklin National.
G a n sevoort............
H amilton.............
H ide A Leath. Nat.
H om e..................
Hudson R iv e r..
Mount M orris..
M utual.......... ..
Nineteenth W ard.
P laaa.........- .......
Riverside............
State....................
Twelfth W ard ..
Twenty-third W ’ d.
Union Square.........
Y o rk ville................
Aator N at’l B an k..
Br o o k l y n .
Bedford.................. .
B roadway....... .......
Brooklyn................
Eighth W ard.........
Fifth A v e n u e .........
F u lto n ....................
Kings County.........
Manufact’rs’ N at’ l
M echanics...........
Mech’ s’ & Tradr’ s’
Nassau N ational..
National City.........
North Side.............
People’s...................
Queens Co. (L.I.O.)
Bcherm erhorn.......
Seventeenth Ward
Sprague National..
Twenty-sixth W ’ d.
Union......................
W allabout...............
Ot h e r C it ie s .
1st N at., Jer. C ity.
Hud. Co. Nat. J. C.
Id Nat., Jer. C ity..
8d Nat., Jer. C ity..
1st Nat., Hohoken.
2d Nat., H oboken.
Bank o f Staten Isl.
1st Nat.,Staten Isl.
9
250.0
100.0
300.0
Sur
plus.
Capi
tal.
100.0
10Q.0
2o ;o
o
200,0
200,0
500.0
100.0
200,0
250.0
200.0
$
374.8
09.1
184.0
119.1
51.5
0,7
15.1
93.2
106.4
83.3
190.8
9 9 .5
111,0
25.3
100,0
100,0 114.7
100,0 103.1
100,0 93.0
200,0 115.5
100,0 48.5
200,0 298.5
100,0 128.5
12.0
300.0
Deposit.-with
L e o 'l.
N et
L oansA
q
D e
In vest Specie. A B’/c Clear1 Other
N otes. Agent. Bks.&c posits.
m ents.
9
46.1
60.4
105.0
05,9
71.5
3,0
44.8
75,3
130.4
44.1
75.0
78.0
77.2
102.5
85.0
47.7
31.0
113.7
88.5
341.0
92.5
259.0
$
2.707.0
747.5
1.876.0
1.120.7
770.3
527.0
085.1
1,127.5
2.079,3
4 02,0
1.269.0
1.559.9
881,0
039.8
1.506.7
750.6
1.822.0
1.134.9
833.8
1.961.9
1.186.9
1.972.0
S
$
875,4 3.138.0
897.0
203,0 2.164.0
1.568.9
1.035.1
101.0
503.0
68,0
29.7
611,9
140.3
1.200.5
249.0
1.040.0
38.2
28,9
545.7
134.0
1.230.0
49.5
05,0 1.734.0
2 2,5
91,8
950.8
118,2
34,5
933.0
150.8
1.707.1
81,9
704.8
187.0 175,0 2.130.0
47.1 1.411.0
74.3
50.7
96,7 1.001.9
272.2
2.547.5
1.373.0
132.4
159.0
2.042.0
205,8
130.0
165.0
415.7
240.3
37.2
84,0
139.7 183.3
57.0 145.1
50.4
19.5
65.8
22.9
40.5 134.9
22.8
87.3
321,4 701.9
163.0 164.0
55.2
88.3
210.0 695.0
457.0 417.0
63.0
55.4
43.2
31.6
110,3 532.4
23.3
94.3
41.7
58.5
10.0 337.0
20.9
83.5
14.9
26,7
64.6
41.7
132,5
400.0 728.5 3.819.3
250.0 522,8 1,955,0
250.0 382,7 1.412.4
200.0 190.5 886,0
110,0 427,4 1,030,2
802,0
8 8,0
125.0
4 5 ,9
433,7
25,0
590,2
70,6
100.0
110,2
74,9
35.6
104,1
44.7
17,3
17,1
100,0 1.231.1
1,039,8
7*6,0 1.199.2
9,0
236.4
15,7
528.5
792.2
631.6
3,035,1
2.418.0
52,2
955.2
60,0 4.372.0
133,0 3.078.0
091.0
26~4
861.1
81,4 2.141.0
505.1
66.1
435,0
13.0 1.130.0
2,0
404.9
34.0
230.7
102,4
046.2
297,1 11670
75.3 216.5
52.9 485.5
64.0 136.1
52.1 179,9
35.9
60,3
27.4 107.2
15.4 113,4
150.0 113.9 1.110.7
100.0 118.9 1.447.0
300.0 167.6 1.134.9
204.1
35.5
100.0
559.8
53.0
100,0
857.3
200,0 106.8
063.2
50.0
150.0
252.0 435.8 2.199.7
500.0 4 0 1 . 9 2.238.7
905.9
100.0 1 9 2 . 0
300.0 575.6 3.806.0
300.0 508.8 2.285.0
100.0 119,5 788.0
100,0 108.0 852.6
100,0 128.8 1.533.1
519,5
100,0 55.3
435.0
100,0 68,9
200,0 218,1 1.080.8
364.7
100,0 5 4 . 4
100,0 50.4 290.1
554.2
36.7
100,0
707,3
260,0
174,5
240,8
81,2
7
5
Totals J an. 7___ 9,012,0 8,694,9 6 3 ,1 5 6 ,2 9.496.5 4 ^2 5 ,1 100221 3 , 1 8 ,1 7 r,827,0
Totals Dec. 31... 9,012,0 6,637,4 62,697,7 3.724.5 4,766,1 8 ,943,0 4 39 0,7 7 1 ,718,2
0.012.0 8M7,4 62.434,0 7,637.0 4 ^6 7 ,7 8,800,6 4,259,9 70 ,220,8
Totals Dec. 24.
New York City Clearing House Banks.—Statement of
oondition for the week ending January 7, based on averages New York City, Boston and Philadelphia Banks.—Below
we furnish a summary of the weekly returns of the Clearingof daily results. W e om it two ciphers ( 0 0 ) in all cases.
House Banks of New York City, Boston and Philadelphia
C a p ita l S u r p l’ s L o a n s . S p ec ie . L e g a l , . D e p o s it ,.
Ban es.
The New York figures do not include results for the nonBank o f New Y ork .. $2,000,0 $1,870,1 $15,330,0 $3,120,0 $1,000,0 $15,850,0 member banks.
2.328.0 22.327.0
2.050.0 2.132.0 10.895.0 0,013,0
Manhattan Co..........
Mer chants’ ...............
Mechanics’ ...............
A m e r ic a ...................
Phenix....... ...............
C ity ...........................
Chem ical...................
Merchants’ E xch ’ge
Gallatin.....................
Bntchers’ A Drov’ rs’
Mechanics’ * Trad’s’
Greenwich.................
Leather ManufacTs
Seventh....... .............
B ute of N ew Y ork..
American Exchange
Comm erce. . . . . . . . . . .
Broadway..................
M ercantile................
P a cific.......................
R ep u b lic...................
Chatham______ . . . . .
People’ s........... ..
North Am erica.........
H anover...................
Irving........................
Citiaens’ ....................
N assau......................
Market A F ulton...
B hoeA Leather.......
Corn Exchange.......
Continental...............
Oriental............ .
Importers’ A Trad’rs
P a rk ..........................
East R iver................
F ourth.......................
Central......................
S econd.......................
N in th ............... . . . . .
F irst..........................
N .Y . Nat’l E xch ’g e.
Bowery.......................
New York C ounty..
German A m erican..
Chase........ ................
Fifth A venue...........
German E xohange..
Germania................
L in co ln .....................
Garfield.....................
Fifth...........................
Bank of the M etrop.
W est Side.................
Seaboard..................
Sixth..........................
W estern..................
First Nat. B ’ kJyn...
Nat. Union B an k ...
L ib e rty .....................
N . Y. Prod. Exch’ge.
B k.of N . Amsterdam
2,000,0
2,000,0
1.500.0
1,000,0
1,000,0
300.0
600.0
1,000,0
300.0
400.0
200.0
600,0
300.0
1.200.0
5.000.
5.000.
1.000.
1,000,0
422,7
1.500.0
450.0
200.0
700.0
1,000,0
600.0
000,0
500.0
900.0
1,000,0
1,000,0
1,000,0
300.0
1.500.0
2,000,0
250.0
3.200.0
1,000,0
300.0
750.0
500.0
300.0
250.0
200.0
750.0
1,000,0
100.0
200,0
200,0
300.0
200.0
200,0
300.0
200.0
500.0
200.0
2.100.0
300.0
1,200,0
500.0
1,000,0
250.0
1.074.9
2.042.9
2.674.0
240.0
4.281.1
6.411.0
170,7
1.064.1
123.0
159.6
104,4
498.6
109.6
490.9
2.493.7
0
3.079.5
0
1,000,5
0
1,053,3
472.3
810.9
990.0
263.7
555.8
2.290.8
377.4
382.2
257.5
988.4
154.8
1.307.5
008.7
408.0
6.707.2
3.242.3
140.6
2.040.3
490.5
711.0
205.5
7.497.4
53,8
018.2
430.3
283.5
1,139,0
1.170.2
571.8
739.0
754.0
871.8
324.6
843.7
304.1
407.2
300.0
854.9
904.7
1.014.2
348.0
321.9
320.4
13.588.1 2,588,5
12,211,0 2.371.0
21.517.4 5.967.0
888,0
4.760.0
81.029.5 25.672.1
25,013,3 8,370,4
5.712.3 1.540.7
921.4
8.065.0
398.0
895,7
569.0
1,345 0
105,2
1.021.5
4.985.1 1.913.3
419.4
1.854.0
499.0
4.200.0
20.511.0 1.561.0
27.860.0 2.521.4
7.200.1 1.702.7
13.223.0 3.321.8
883.8
2.784.0
17.335.2 5.162.5
6.477.9 1.011.7
465.1
1.050.7
13.069.3 2.119.0
36.920.1 11.984.1
602.9
3.714.0
765.1
2.850.0
405.5
2.628.1
0,344,5 1,120,2
626.8
3.789.3
110.248.1 1.717.1
6.362.7 1.508.0
295.7
1.953.5
25.732.0 6.534.0
45.701.0 15,596,0
534.0
1.175.5
20.473.0 3.951.0
12.290.0 3,000,0
6,200,0 1.172.0
2.919.0 1.257.2
33.509.1 7.674.4
240.2
1.070.4
879.1
2.692.0
032.9
3.079.9
540.0
2.982.6
32,217.8 6,150;, l
8.415.1 2.018.4
324.5
2.050.8
3.161.0
563,4
7.120.9 1.592.0
5.611.9 1.097.1
1,904,8
407.8
5.037.3 1.327.0
2.385.0
325.0
10,212,0 2.192.0
1.399.0
40,0
28.328.6 9.403.7
4.879.4 1.003.5
15.815.7 3.448.9
3.705.0
760.1
3.891.6
960,7
3.247.2
567.6
1.259.0
980.0
1,233.9
304 0
2,098.2
1.678.0
347.8
659.5
110.3
153.0
200.4
648.4
164.3
323.4
3.742.0
3.442.0
238.6
782.5
410.9
608,2
870.4
796.4
993.6
2.017.1
488.0
130.2
372.6
528.8
290.2
916.0
395.7
493.1
1.236.0
2.550.0
179.6
2.514.0
1.008.0
007.0
246.6
1.207.2
239.2
381.9
316.4
270.9
4.502.0
519.9
1,136,4
703.2
486.5
490.7
148.1
780.1
402.0
1.403.0
315.0
1,372,7
970.0
250.2
345.8
119.8
380.0
15.577.7
12 511,0
20,202.9
4.808.0
104.891,5
28.520.0
6.845.8
6.676.9
1.335.9
1.814.0
985,4
6.471.3
2.382.7
3.570.0
21.023.0
22.787.8
7,211,5
14.193.8
3.077.1
20.654.0
0,738,2
3.070.3
14.648.1
48.133.0
3.991.0
3.331.4
3.525.4
6.600.8
4.201.5
11.509.0
7.827.1
2.191.2
27,806 0
59.405.0
1.533.9
28.039.0
10.282.0
7.230.0
3.843.0
35.017.0
1.065.9
3.923.0
3.757.2
3.060.9
40.620.9
9.707.2
3.534.3
4.930.0
7.967.9
6.703.0
2,172,8
6.700.7
2.698.0
12.852.0
1.533.0
35.598.1
5.575.0
10.723.1
4.480.4
3.055.0
3.034.8
Total.................... ... 68,272,7 176,707,9 713,803,8 1734421! 56,808,7 820,881,7
Reports of Non-Member Banks.—The following is the
tatement of condition of the non-member banks for the
week ending Jan. 7, based on averages of the daily results
W e om it two ciphers ( 0 0 ) in all cases.
BANKS.
ja p ila td e
Surplus.
Loaykc.
Specie.
liioais.
f f . IT.*
Dec. 17
* 24..
*
“ 31.
Jan. 7..
$
133,977.9
1.33,977,9
134,040,0
134,040,6
$
708,555,8
712,213,1
718.308,7
713,803,8
$
1043251
1089657
1637563
1734421
$
54,370,3
54,391,3
55,184,1
56,808,7
4
Dec. 24
* 31 .
*
Jan. n
'' t u ! a . T
Dec 24..
31.
Jan. 7 .
s
800,912,1
814,951,8
823.037,7
820,881,7
8,012,0 220,877,0
8,202,0 223,420,0
8,051,0 229,902,0
88,587,3 181,981,0 17,968,0
68,587,3 185,808,0 18.200,0
08,587,3 184,989,0 18,835,0
35,388,0 122,858,0
35,388,0 122.583,0
36.388,0 122,789,0
D ep oaits.f O ire’ i’ n . O learin,
45,314,0
40,355,0
48,877,0
144,207,0
140,508,0
149,220.0
8
16.341,7
10,230,3
16,270.6
15,858,2
9
11198833
10224369
975,690,3
11603456
5,449,0 126,594,9
5,468,0 109,036,0
5,138,0 147,090,3
8,082,0
8,029,0
6,055.0
83,692.8
80.794,7
87,167,3
Auction Sales.—Among other securities the following, no
regularly dealt in at the Board, were recently sold at auction
Sales this week by Messrs. Adrian H. Muller & Son :
Shares.
30 Brooklyn Acad, of Music
(with tickets)...... 115 to 130
100 N. J. Steamboat Co........ 50
20 German Excli. B ank___253
20 Journeay & Burnk. pref. 50^
225 Johnston Building Co.
pref................ ............. $10 lot
4 Chemical Nat. Bank.......4,100
125 Lou. Ev. & Sc. Lou. RR.
Co. pref................ 50o. p. ah.
10 Lawyers* Surety Co.......102*2
7 Ainer. Type Pounders’
Co. and $50 do. scrip... 51
2 Fourth Nat. B a n k ........ 185
75 American Surety Co...... 192
im M u g
Shares.
10 U. S. More. & Trust C o..300
10 Twenty-third Ward B k ..117*2
2 U. S. Trust Co....................1356
26 Bond & Mortgage Guar
antee Co..................231-231:1
4
87 State Trust Co.........220*2-244
Bonds.
$1,133,000 New Jersey Elec.
Ry. 1st 5s, 1944, all unpaid
coupons.......................63*4*64*2
$25,000 Mail & Express Co.,
Series “ A,” 1st 4s, 1907,
A & O ..................................... 103
$5,000 Nassau Electric RR.
1st 5s, A&O............109°a & in t
a u tt
f f it m t iJ C t a X .
Spencer Trask & Co.,
BAN KERS,
27 & 29 P I N E S T R E E T ,
.
.
.
NEW
YO R K .
65 State Street, Albany.
IN V E S T M E N T
S E C U R IT IE S -
G eoroe B a r c l a y M o f f a t .
M o f f a t
A l e x a n d e r M. W
&
W
h i t e
h it e ,
Jb
,
BANKERS,
No. 1 N A S S A D S T R E E T ,
.
.
.
NEW YORK,
IN V E S T M E N T S E C U R IT IE S .
THE CHRONICLE.
J a n u a r y 14, 1 8 «9 .]
C u m
b e r s '
0 5 a l e t t e .
D I T I D K H D B .
ffam» of Company.
Per
When
Cent. Payable.
Books closed.
(Days inclusive. )
R a i l r o a d . (S te a m .!
2*g Jan. —
Belt BE. & Stock Yards, com —
do
do
prl.(gn*r.)
7
[Jan. 15|Dee. 4
Cin. Ports. & Virginia, pref.......... *
IFeb.
l ran. 22
Great Northern pref. (qnar.)---i% |Feb. 15!Jan. 22
Green Bay j£ Western.................
'is. Feb.
H a & Br.Top Me. Coal & BB.,pf.
11---------l% Feb. 10 Jan. 31
Louisville & Nashville............. .
Mar.
1
31Feb. 8
Northern Paeliio, pref. (quar.). .
1 Jan, 22
IV Frib.
St. P. Minn. & Man. guar, (quar.)
2
Jan. 15 ------ —
Savannah Florida & Western—
S tr e e t R a i l w a y . .
21* > Jan.
Brooklyn City BB. (quar.j..........
16 Jan. 12
do
do (extra).........-j 1
Feb.
Colntnbas (O.) St. By, (Uttar.)...i 1
l ---------2% Jan. 22 Jan. 11
Federal St. A Pleas. VaUPlttsb.)
New Orleans ACarroiltou (ouar.) j 1% J an. 2 0 ---------United Traction (Pittsburg).......
3*9 Jan. 16; Jan. 7
F ir e I n s u r a n c e .
Continental................................] 12% On d e m .---------5
jOn d em .---------Home..............................................
IOn Jem.
United States................................
to
to
to
to
to
to
to
to
to
to
---------——
—
Jan. 4
Feb. 1
Feb. 15
— -----Feb. 9
Feb. 16
Feb. 1
----------
to
to
to
M is c e lla n e o u s .
!Jan. 11 Dee. 21 to Jan. 11
5
Amer. Caramel, com. (annual)...
Ha Feb. 1 5 ---------- to ------------Consolidated Car Heating..........
Gen- Electric, pref. (semi-ana.),
Jaa- 31] Jan. 22 to Jan. 31
do
ace. o f accam. diva.. ] 112* ^ |
IFeb.
1 J an. 22 to Feb. 1
Henderson Bridge..... ..................
2% (Jan,
Louisville Gas........... .
— . . . _______________—1
_ ---------- t o --------_
W A L L STREET. F R ID A Y , JAN. 13, 1 S 9 9 .-5 P. M.
T h e M o n e y M a rk e t a n d F in a n c ia l S it u a t io n .— A ctiv ity
a n d stren gth co n tin u e u n p reced en ted in th e s to ck m arket, the
re co rd fo r the w eek at the E x ch a n g e ex ce e d in g all previous
record s in th e m a tter o f v o lu m e o f b usin ess and a dva n ce in
prices co m b in e d . T h e u n u su al dem and is stim u la ted b y an
a b u n da n ce o f m on ey in n ea rly a ll parts o f the cou n try,"a n d
b y the o p tim istic tone o f p u b lic sen tim en t w h ich n o w so gen
t-rally exists. A p e cu lia r fea tu re o f th e record re fe rre d to is
th e "fact th a t th e m o s t con sp icu o u s a d va n ce has been
m a d e and h e ld b y som e o f th e m ore su bstan tial issues,
th e flu ctu a tion s o f w h ich a re u su a lly w ith in n a rrow
lim its.
T h ere is ev id e n ce th a t a w a ve o f specu la tion ,
fa r-re a ch in g in e x te n t, is g a in in g fo rce , and u nless som e
in flu e n ce sh o u ld
arise to ch e ck it, is lik ely to run
its natural cou rse and p rod u ce th e usual results.
But
on th e o th e r b a n d th e ten den cy o f th e tim es to h a rm on y o f
a ctio n in the m a n a gem en t o f h ith erto c o m p e tin g in terests
m akes the prosp ect fo r fu tu re retu rn s on in vestm en ts m ore
e n co u ra g in g th an does th e h istory o f th e past.
A s id e fr o m
sales fo r sh ort a cco u n t, w h ich in som e q u a rters are b elieved
to have been la rge, the su p p ly o f stock s has com e fr o m lib
eral sales, supposed to b e tor fo re ig n a cco u n t, and fr o m a de
sire t o realize the profits, w h ic h have a ccu m u la ted ra p id ly o f
la te. M o n e y in this m a rk et is g r o w in g m ore a n d m ore
a b u n d a n t a n d th e rates q u o te d b elow h av e b een b a rely
m ain tain ed.
T h e o p en m ark et rates fo r c a ll loans on th e S tock E x ch a n g e
d u r in g th e w eek o n s to ck and b on d colla tera ls have ra n ged
fr o m 2 to 3 per cen t. T o-d a y’ s rates on ca ll w ere 3 t o 2%
p e r cen t. P rim e co m m e rcia l paper q u oted 3 to 3 !^ per cen t.
T h e B ank o f E n gla n d w eekly statem en t oh T h u rsd a y
sh ow ed an in crease in b u llio n o f £039.585, and the’ percentage
o f reaerve to lia b ilities w a s 4O'05, again st 39’ 30 last w eek ; tne
d isco u n t ra te rem ains u n ch a n g ed a t 4 per cen t.
T h e Bank of
F ra n ce show s a decrease o f 1,000,000 fra n cs in g o ld and
1,075,COO fra n cs in silver.
T h e N e w Y o r k C ity C lea rin g-H ou se b a n k s in th e ir sta te
m ent o f Jan. 7 s h o w e d an in crea se In th e reserve h eld o f
|5,310.100 a n d a surplus o v e r th e req u ired reserv e o f $23,
580,375, a ga in st $19,180,975 th e p rev iou s w eek .
1899.
J a n . 7.
Capital.................
Barptns........... .
Loans & diso’nta.
Circulation..........
N et dep o sits.. . . .
Specie .................
Legal tenders__
Reserve held.__
Legal reserve__
58.272.700
75,767,900
713,803,80(1
15,858,200
820,881,700
173,442,100
56.808.700
230,250,800
208.720,425
D iffe re n ’sfr'm
P rev. w eek.
1898.
Jan. 8.
1897.
Jan. 9.
$
9
$
.............. | 58,522,700 60,772.700
...............
74.730.800 74,888,100
Deo.4,804,900 609.776,U O 491.116.200
O
Dec. 412,400! 15,571,900 18,907,800
Inc. 3,844.000 085,592.500 548.038.200
Ino 3.(185.800 106.588,500 76,893,000
Inc. 1,624,000; 87,074,200 101,108,0; 0
Ino 5,310,400ll93,862,700 181,001,000
Ino. 961,000 171,398,125 137,009,550
Surplus reserve 23,530.375 Too, 4.349.400 22,204.575 43,991,450
F o r e ig n E xch a n g e.-—A stead y dem a n d f o r b o th lo n g and
s h o rt b ills k e p t th e fo reig n exch a n ge m a rk et firm th rou gh
th e w e e k , and th e ten d en cy has been t o h igh er rates.
T o -d a y ’s a ctu a l rates o f e x ch a n g e w ere as f o llo w s : B ankers’
s ix ty days’ sterlin g, 4 8 2 % @ 4 82 % ; dem and , 4 8 4 % @ 4 84%
cables, 4 8 5 % @ 4 8 5 % ; prim e com m ercia l, six ty days, 4 8 1 % @
4 82; d o ca m e n ta ry co m m ercia l, six ty days, 4 81@ 4 81% ;
g ra in fo r paym ent, 4 8 1 % @ 4 8 1 % ;c o t t o n fo r paym en t, 4 81
@ 4 8 1 % ; co tto n f o r a ccep ta n ce. 4 8 1 % @ 4 82.
P osted rates o f le a d in g b ankers f o llo w :
Jan. 13.
Sixty days.
T h e fo llo w in g w ere th e ra te s o f d o m e s tic e x ch a n g e on
N ew Y o r k a t th e u n d e r-m e n tio n e d citie s to -d a y : S a v a n n a h ,
b u y in g 1-18 d iscou n t, sellin g 50c. per $1,000 p rem iu m ; C h arles
ton b u y in g par, s e llin g 1-10 p rem iu m ; N e w O rleans, b a n k ,
p a r; c o m m e rcia l, $1 discount,• C h ica g o , 35c. p er $1,000 pre
m iu m ; St, L o u is , par.
U n ite d S ta te s B o n d s .— Sales o f G ov ern m en t bonds at the
B oa rd in clu d e $50,000 4s. c o u p ., U
>2»5 at 1 2 9 ^ ; $7,000 4s,
co u p ., 1907, at 112% to 112%: $33,000 4s re g ., 1907, at 111%
to 112%; $98,000 os. co u p ., at 1 1 2 % t o 113% ; $100,000 3s,
reg., at 107: $343,600 3s, co u p ., at 107% to 107%, and $3,140
d itto (sm all bon d s) at 106% t o 107. T h e fo llo w in g are th e
da ily clo s in g q u o t a tio n s : fo r yearly range see seventh page
following.
Interest Jan.
Periods. 7.
to Jan. 16
to ---------to — *
----to Jan. 15
Demand.
Prime bankers' sterling bills on London. 4 82% 84 83
185%
4 8 1 % »4 82
Documentary commercial.................. .
4 81 94 81 %
Pari# banker#' (trance). . . ..... . . . ....... .
5 227J6822% 519»*i*«5 20
40%„®4O%
Amsterdam (guilders) bankers................. 391*1*840
Frankfort or Bremen (relohmarks) b'krtrs 943,*384%
94l3jft89478
71
Jan.
9
Jan.
10.
Jan.
11.
Jan.
12
Jan.
13.
2s....................... reg. Q. -Mch. * 99% * 99% * 99V. * 991* * 9^V * 99%
3s, 1 918........... reg. Q .-F eb. 107 *106% "106% *106% *1063& *1062*
3s, 1918......... coup. Q. - Feb. 107% 107% 107% 107% 107% 107%
___
__
_
3s. 1918, small.reg. Q.~Feb.
3b, 1918, sui isll.o'p. Q .-F eb. 10631 1063* *107 *107 *107
106%
4b, 1 9 0 7 ...........reg. Q. - Jan. 1121* *11134 112
111% T i l l s *111%
4s, 1907.......... cony. Q .-Jan. 112*3 *112% *1X2V *112% 112% *112%
4§, 1925.......... reg. Q .-F eb. *129 ►
129 *128% *12S3 *128% *129
4
4s, 1925___ ..coup. Q .-Feb. 1291 *129 *12>34 ►128% *128^1 *129
*
5s. 1 901............reg. Q .-Feb. *T123j *112% *112% *112*2 *112*3 *112^
112% *112 %
5s, 1901..........ooup.
113
113% 113% 113
Ss, onr’cy,’ 9 9 .. .reg. J. & J.
4», ((Jlier.11899.ree. March. *102% *i"02% *102% *10208 i02% *io‘2%
'Tilts is the orioe bid at the moraine board; no sale was made.
S ta te a n d H a ll ro a d B o n d s .— Sales o f State b on d s a t the
B oard in clu d e $20 000 L ou isian a con . 4s at 109; $37,000 T en
nessee settlem en t 3s at 96% t o 9 6 % ; $35,CO V irg in ia 6s de
O
ferred trust receip ts, stam ped, a t 7 % to 8, and $9,000 V irg in ia
fu n d , deb t 2-3s o f 1991 at 84 t o 85,
T h e m arket f o r ra ilw a y bonds has been s tro n g on a v olu m e
o f business a vera gin g n ea rly $8,000,000 pa r value per day.
T h ere is a con sp icu ou s absence o f h igh -gra d e issues fr o m the
sales reported, and tran saction s w ere ex cep tion a lly h eavy in
A tch ison , R ea d in g, St. L ou is & Iro n M ou ntain, St. L o u is
S ou th w estern , Standard R o p e & T w in e , San A n to n io &
Aransas Pass, T ex as & P a cific a nd .Manhattan R a ilw a y issues.
T he last nam ed a dvan ced ov er 3 % poin ts on au u rg e n t de
m and, St. L ou is Sou th w est. 2ds and C olu m b u s H o ck in g V a l
ley & T o le d o 5s adva n ced 3 points.
S to c k a n d B on d S a le s .—T h e fo llo w in g sh ow s th e v o lu m e
o f business in stock s and bonds on the N e w Y o r k S tock
E xch ange fo r th e past w eek and sin ce J anu ary 1
.
Jan. 1 to Jan. 13.---- —
Sale*
Week ending Jan. 13.—
,
1899.
1898.
,Y. r . Stock Exch.
1809.
1898.
Goveramontbondfl
State bonda...........
B R .4 mlse. bonds.
9622,240
91,000
31,222.500
Total............... 931,935,740
Stocks—No. abarea
5,588,825
Par v a lu e ....9512,332,050
Banks bares, par vni
.........
91,118,740
100,000
52,713,200
9435,300
39,200
35,976,700
92 ■ 180,600
»,
853,931,940
2,475,973
3,732,804
9*244,596,200 9843,852,550
85,900
839,451,200
4,065,234
$398,473,250
$16,000
9247,000
39,000
23,994,600
W e add the fo llo w in g d a ily r e co rd o f th e tran sa ction s:
IT. 8.
Railroad, < c. State
&
Week ending —— 8tocfcs
----B o n d i.
B onds.
Bonds.
Jan. 13,1899. Share*. Par value.
Bat-nrday.,. . . . . . . . 408,906
Moutlay..................1,089,236
Tuesday..................1,022.750
Wednesday......... 947,642
T hursday-............1,025,853
Friday...*.............. 1,034,488
845,229.300
107,582,450
98,404,500
91,4*7,960
300,096,550
99,598,300
$2,698,000
8,4.98,500
5,383.500
4,228,500
5,1*8,000
5,250,000
915,000
$15,000 $364,600
.........
47,540
10,000
170,000
20,000
58,000
9,500
8,000
10,600
Total................5,588.825 $512,332,050 $81,222,500 $91,000 $622,240
T h e eales on th e B oston and P h ila d elp h ia Hixcbanges w ere r
-Philadelphia
- Boston.Listed Unlisted
Bond
Listed muuied
Bond
shares, shares.
sales.
sales.
shares, shares.
Saturday.. 41,3 41
Monday ...104,849
T uesday... 95,118
Wedn’sd’ y. 68,198
Thursday.. 79.886
Friday . . . . 28.000
11,704
34,967
05,0! 4
81,862
23,869
19,000
$183,925
806,125
104,900
160,850
132,050
80,000
24,600
48,693
49,336
49,279
■48,155
72,027
4,508
13,001
10,066
30,0 3
42,805
35,821
T o t a l...,417.842
186,410
973.350
S92JJ90
143,514
$63,800
171,895
179,200
275,490
223,562
423,750
1,337,697
R a ilr o a d and M is ce lla n e o u s S to ck s . — Transactions in
stock s at th e E xch a n g e h av e a vera ged a b ou t 1,000,000 shares
per da v th ro u g h th e w eek , and w ere m ost con sp icu ou s in
stan dard ra ilw a y issues. T h is is th e m ore rem arkable in
v ie w o f th e fa c t th a t in m ost oases prices have steadily ad
va n ced, and several n ew h igh q u ota tion s h ave been record ed.
T h e m ov em en t w as led b y P en nsylvania R a ilw a y , w h ich sold
at 131%, an advan ce o f 9 % points fr o m o u r last quotation .
T h ere was n o n ew s m ad e p u b lic in rega rd to the co a l busi
ness, b u t D elaw are & H ad son a dvan ced n early 0 points, Cen
tral o f N e w Jersey 5 % poin ts and R ea d in g 1st preferred
ov er 4 poin ts. N orth ern P a cific w as stron g on reports o f
m ore h arm on iou s relations w ith com p etin g lines, and sold ,
ex-d ivid en d , n early 5 points a b ov e la st w eek’s close. A tch ison
preferred , in w h ich th e tran saction s w ere u nu su ally h eav y,
m ade a sim ilar record . C entral P a cific and U n ion P a cific
w ere in requ est, and the fo rm e r w as b id u p 5% poin ts in ex
p ecta tion o f a fu n d in g plan. Cleveland C in cinn ati C h ica go &
St. L ou is sh ow ed excep tion a l strength and a dvan ced ov er 5
points. T h e grangers a nd oth er a ctiv e shares, in clu d in g N e w
Y o r k C en tral, Southern R a ilw a y preferred, L ou isville &
N ash ville, M inneapolis & St. L ou is and A tch ison com m on
a dvan ced au average o f a b ou t 3 points.
B rook ly n R a p id
T ran sit w as excep tion a lly stron g to day and closes ov er 7
poin ts h ig h er than last week.
T ran sa ction s in the m iscellaneou s list w ere h eavy in som e
cases and the usual erra tic m ovem en t in prices is n oted. T h e
flu ciu ation s in N e w Y o r k A ir B rake cov ered a ran ge o f
14 points, A m erica n Su gar R efin in g 5% points.
THE CHRONICLE.—
STOCK PR E (2 p
IC S
ages) Page
72
1,
[V O L .
LXVIII.
New York Stock Exchange— A Daily, Weekly and Yearly Record.
j
Balts Range fo r year 1898. | Rangefo r previo f the On basis o f joo-shWe lots ous year (1897),
Week.
N. Y. STOCK EXCH. Shares Lowest.
Highest.
Lowest. Highest.
8T00K8-HJQHE8T AND LOWEST 8A.LE PRTOE3.
Saturday,
Jan. 7.
Monaay,
Jan. 9.
Tuesday,
Jan. 10.
Jan
11.
Jan. 12.
STOCKS.
Friday.
Jan. 13.
R a ilr o a d Stocks.
180 Feb 3 170 Feb
§188 Jan
•2 0 0
...... A lbany & Susquehanna..
76 11 Apr 21 15 Feb 8
9 Jan.
15* 15 16% A n n Arbor....................
500 34 Jan 4 40*Feb 7 22*Apr
Do
pref.
♦38 39
39
9*Apr
2 1 * 2 1 % Atoh. Topeka & Santa Pe. 203,084 10*Apr 21 19*Dec 13
2 1 * 23
Do
prof. 394,343 22%Mar 12 52%Dec 14 17 Apr
55* 54% 55%
55
1,325 $12%Jan 25 72% Dec 21 i 9 J’ly
alt.&0.,tr.rec.all ins.pd
08
08
09
09
4,728 31 Oct 10 58*Dec 21:
Do new, when issued.
53% 54*
•54* 55
Do pref., when issued. 5,730 68 Oct 12 79*Dec 21 j
70* 78* 70 77
1,322 4*Nov 10 9%Dee 27
48* 8* Balt. & O. Southw., pref..
0
§105 Mar 9 106%Oct 19
1 0 0 *....... Bost. & N. Y. Air L.. pref.
'106*
24*Sop 28 28*Aug 22
Brooklyn Elevat., tr. rec..
•30
31
90% 95 Brooklyn Rapid Transit... 248,943 35 Mar 12 7S%Dec 30'
88* 91
150 25 Mar 12 34 Sep 71
•81 33* Buffalo Roch. & Pittsburg.
31
31
1,479 02 May 0 70*Sep 7
Do
pref.
75* 70* •76*
§65 Mar 10 §89 Deo 12
Bari. Cedar Rapids & No..
'100 ....... •100
700 72 Apr 21 90*Jan 20
83* 80* •80 80* /Canadian Paoiflo...
0,090 44* Mar 12 58 Dec 16
55% v-'anada Southern..
50
50* 55
52* 99
99 103 xl01*103 Central of New Jersey.... 21,429 83*Oct 17 99 Dec 30
98*
144,715 11 Apr 23 44*Dec H
O
43* 44* 43* 47* 40* 47* Central Pacific........
93,826 17*Mar 26 20% Dei 12
27 27* 27* 27% 27* 27% Chesapeake & Ohio..
1,154 §150 Mar 14 172 Dec 21
107% 108;* Chicago & Alton......
108 108 109 109
§100 Mar 24 §177*Dec 5
Do
pref.
•175 ...... •180 .... •175 .......
125*127* 127 128* 127%130* Chicago Burl. & Quincy... 140,218 85%Mar.28 125*Dec 30
01% Chicago & East. Illinois... 10,216 49 Apr 19 60 J’ne 1
01* 81
61* 01* 01
983 102 Jan 7 113* Feb 1
Do
pref.
114 114
114 114
113*114
9*Feb
15* 10* 15* 10* 15* 10 Chicago Great Western... 39,830 71*J’ly 24 18 Aug 22
710
15 85 Dec 27
Do 4 p.c. debentures.
84* 84*
♦81* 83« 83% 85
2,780 28 Mar 15 54 Dec 13
52* 53
Do 5 p.c. prof. “ A ” ..
52* 53
51% 51%
800 20 Apr 21 32 Nov 16
Do 4 p.c. pref. “ B ” ..
SO* 30*
30* 30* 29% 31
031 7 Feb 24 11 J’ly 27
9
9 Chic. Indtanap. & Loulsv..
9
9
•8*
9
807 23 Apr 16 38*J’ly 27
Do
pref.
§32
32
35
35
36* •30
121%123* 123*123* 123*124* Chicago Milw. & St. Paul.. 143,620 83*Apr 21 120% Dec 30
1,280 140 Apr 25 l60*Dec 13
Do
pref.
167*167*
107 107
167 187
142*144* 143* 144* 143* 144* Chicago & North Western. 10,585 113*Mar 12 143*Dec 16
35 163 Jan 3 191*Nov 16
Do
pref.
114% 110* Chicago Rock IsL & Pac.. 99.040 80 Mar 25 114%Dec 28
113% 115% 1 1 5 * 1 1 0
i i # % n i % 1 14 * 115
113 114%
9 7 * 9 7 * Chic. St. P. Minn. & Om... 13,710 65 Mar 12 94 Dec 1~
94
98^
93
94
91* 92*
93J4 9454 04 H 98
§148 Jan 5 170 Nov 17
Do
pref.
1
•107 175 *107 175 •107 173 *107 175 • 07 175 •107 175
4,070 •i*Jan 3 9*Mar 3
9
9^ Chic. Terminal Transfer..
8
♦8
8-54 8)1
8*
8*
7*
854
7*
854
4,770 22* Jap 3 37*Aug 29
Do
pref.
30% 37*4 3 7 * 3 8 *
3 7 * 37%
37
37*
87
130% 37%
37*
4754 47)4 Clev. Cin. Chio. & St. L .... 41,251 25 Mar 12 47*Aug 10 21*J’ne 41*Sep
43
43 *
4 3 * 40
47
15M 4014 46
40)4 4/54
Do
pref. 3,483 77*Mar 9 97 Dec 19 63 J’ne 8 6*8 ep
97
97
97
90
9/
97
905& 0 0 *
89554 9 5 *
1,820 1l*Mar 20 19* Jan 12
15)4
l o H 1 5 5 4 Clev. Lorain & Wheeling..
•1414 15
51454 1454
•14% 15
1454 1454 15
100 43 Nov 20 58*Sep 8
•41
Nov 49 *D eo
Do
pref.
43
43
43
*42
43
♦42
•42
*4 2
43
43
43
170 J’ne 7 §174 Aug 8
Cleveland & Plttsb., guar.
M80
Apr 1 68 *8 e?
•180
•180
•180
•180
•174
003 5%J’ne 23 9 Dec 22
•7
8 Colorado Mid., vot. tr. otfs.
1854
8)4
8%
•754
•754
SJ4 9
854
S54
Do pref. vot. tr. ctfs. 8,803 14 J’ne 23 20%Dec 22
2L
21
20
2154 2 1 5 4
22
2054 31)4
m 54
2154 2154 *20
945 6%Nov 20 8% Dec 1
8
8
SSJ4
8(4 Col. & Sou. (when issued).
!B5»
SH 811
8«
8«
«34
9,505 43%Nov ~ ' 50%Dec 27
Do
1st pref. (w. i.).
57
50
50)4 5754 5054 5 6 * no 5i 57% 5554 5054 5554 56
6,049 14% Nov 22 20 Dec 8
Do
2d pref. (w. i.).
22
22*
2 3 * 1354 2 3 * sail
23
2354 2 2 * 2 3 * ♦22* 23
5,885 2*Nov 1 8*Feb 10
2)4
2*
O
H
254
2%
254 254 Col. Hocking Yal. & Tol...
254 m
2!4
294
2,585 12*Dec
25 Feb 9
Do
pref.
8%
9
9
8*
9
854 S'54
SH 9
854 8%
elaware & Hudson...... 20,501 93 Nov 21 114* Feb 3
1 11 * 113
1 1 0 % 111* 110 11094 109% 1 1 2 * 111% 113
107H 110
5,150 140 Oct 19 159 Feb 5
el. Lack. & Western...
157% 158
157%158
157 157
158 158
1 57 * 157% 1 5 7 * 15S
0,500 10 Apr 26 21 *D<?c 28
1 9* 2 1 *
10H 1914 19* 19%
2054 21 Denver & Rio Grande.
18)4 19
2054 21
Do
pref. 25,475 40 Apr 21 71%Dec 28
70
>4 70
71154 X0894 6944 0354 70
70)4 70
70)4
03)4 VU
21
20H 2151 Des Moines & Ft. Dodge.. 8,361) 8% Apr 21 23*Dec 30
2254 21
21-J4 21H 21)4
2254 22
•*U* 21
2 * Aug 5 3*Dee 27
Dul. So. Shore & Atl.......
•2
•3
4
•S44
3
4
*3
3*
•3
4
50 J 5 Apr
8%Aug 23
Do
pref.
8
•7j(4 854
•754
S’*
*7)4
854
814
*754
4,605 11 Apr 21 16*Feb 4
15
15
1454 lo.*4
n 54 14* 514* 1444 145s 15
1454 1 5 *
Do
1st pref. 10,954 29*Apr 22 43%Feb 11
38% 39
37>4 3754 38
3 8 * 38%
3854 3 9 5 4 R rle;
3754 ■jh
3844
1,742 15*Apr 22 2l%Feb 11
20
20
Do
2d pref.
118^ 18»4
I9>4 l»54
1954 1954 19)4 2 0 *
1914 1054
1,500 22 May 9 41*Dec 30
39
38
30*
89
39
3954 3854 38%
•3854 3954 Evansv. & Terre Haute
33)4 39
313 40 Jan 18 7 2 *Dec 29
♦70
Do
pref.
§7H* 7 2 * •70
71
70
72
7l
70
7 0 * 7 0 * •70
lint & Pere Marquette.. 22,293 10 Mar 12 18%Nov 28
•17
18
18
21
18
2354 2254 24
1854 2054 30J4 21
1,390 36 Aug 5 49 Nov 22
•44
Do
pref.
48
45^ 4354 46* 46% 4754 4 8 * 48
45
5 15 Nov 18 28 Mar
*“
Ft. W. & Den. C., stamped.
25
I21>4 2154 2 4 * 2154 *2454 0554 525)4 2554
25
10 May 19 17*Dec 13
•10
20
♦16 20
•15
*15
20 Ft. Worth & Rio Grande..
•15
20
144 141W 1 45 * 147
148 15254 1 52 *1 5 6% 1 5 6 *1 0 2 % 102 16354 Threat Northern, pref.. . . 27,152 +122 J’ly 1 180 J’ne 30
§30 Jan 7 32*Feb 24
vJTreen Bay & Western.. .
•35
•35
*35
40*J’ne 23 50*Nov 20
Do debt certfs. “ A
53
53
19 3*J’ly ~ 7*Dec 8
Do debt certfs. “ B ” .
5«
5H 5%
554 6
554
854
554
EM 6)4
35,413 98 Apr 21 115%Dee 13
114 H I * UiH 114J4 11454 1 1414 1 1 4 * 1 10 * 11054 117)4 11054 11754 llinois Central.......... .
§94 Feb 18 §101 Nov 16
•100
Do leased line, 4 p. c.
•100
MOO
•100
MOO
MOO
0,990 7*Mar 18 1 l*Dec 27
11
12
12
12 Iowa Central................
12*
1254 13
1 1 * 1254
1354 1 2 *
7,555 25 Apr 28 42*Dec 27
40
44% lo!4
45
Do
pref.
40
4 0 * 48
4
40)4 47
4154 47
570 5%Oct 11 8 Dec 30
•7*
•7*
8*
•7*
7«
854
8)4
•754 814
8)4 17^auawha & Michigan...
*754
854
7,230 15 Apr 26 25*Dec 1
17
17
16
175)
1VT4 17!-4 17%
47«
1714 1754 17
1 0 5 4 lAan. City Pitts. &Gulf..
300 3 Jan 2r 5 * J’ne 11
•5
5
5
5
5
b*
*454
5*4
•454 654 ♦4*
5 5 4 Keokuk & Des Moines......
150 15 May 12 18*J’ne 14
•17
Do
pref.
18
u s * 1 8 * •17
18
♦17
♦17
17
17
18
18
32
80 J’ne 2 34 Jan 31
•29)4 33 Keokuk & Western..........
•2954 32
'2 0 * 32
•2054 32
•2054 32
•2
•2
2 May 19 5 Nov 17
4
4
*2
4
*2
Kingston & Pembroke....
•2
*2
ake Erie & Western., . , 2,073 12 Oct 10 23* Aug 22
2D 2054 20
20 H 19
17
19
18
Z'lVH 20
1 3 * 19
3,893 53 Oct. 19 83 Aug 19
•7S 7 3 * 7354 '354 73
H
Do
pref.
V35« 7244 7254 70
70)4
7IX 07
•19641 200
170%Jan 4 215 Dec 14
♦198 203 Lake Sh. & Mich. 8outh...
574« 5714
3,700 40 Jan 20 59* Aug 10
59
59
62
§57
01'
57 Long Island.................... .
01
0L
01*
OB54 04% 6 6 *
0114 « « «
0454 0 5 5 4 05
0554 0054 0574 00)4 Louisville & Nashville.... 133,415 44 Apr 21 05* Dec 13
100% 101% 1 0 1 *1 0 3
103 108 h 105%107% 104% 100% 107)4 10854 \/Tanhattan Kiev.,consol. 217,112 90 Oct 3 120* Jan 14
1 90 * 191* 1 90 *1 9 0% 190* 190% 187% 100* 190
9,807 125*Mar 26 194% Dec 12
189 100)4 iTJLetropolitan Street.....
L90
0
4 * J’ne 15 7 * Dec 13
200
05
4 ♦5% «54
0V4 • 5«
0
0).( Mexican Central..............
•5)4
•5)4
•554
054
•1
1,325
%Dec 7 l*May 2
•1
*1
H4
1>1
154
154
>54 Mexican Nat’l ,tr. recta...
1’4
154
117 99*Mar 12 118 Dec 15
112
L12 Michigan Central..........
3794 3 7 * 38
30
80
38
38*
3754 33)4 Minneapolis & St. Louis... 15,285 24 Mar 11 38%Dec 27
»5X
3054
3854
•90
9 7*
0754 9754 •97 100
475 84 May 14 100 Dec 22
Do
1st pref.
LO
O
0754 9745 •0754 03 V ♦97
,
7844 V3 *
74
75
3,510 46 Mar 20 7S*Dec 27
Do
2d pref.
7354 7354 75)4 7554 75)4 70
71>4 ♦73
6*Mar 11 7 Mar 11
Minn. St, P. & S. S. Marie.
14
14
11V< 1314 1454 14
1354 14
13% 13% 13% 14% Mo. Kansas & Texas ...... 10,875 10 Apr 13 14*Jan 26
30* 3 («{ 3854 3954 3854 3914 3741 3814 37)4 3 8 * 3 7 * 3 0 *
Do
pref. 22,670 28%Mar 12 41 Jan 28
4054 45’14 4054 4554 405< 4554 46% Missouri Pacific............... 110,895 22 Mar 12 46*Dec 14
11J4 45M 45
4 554
30
37«
3754 39
4,780 24 Nov 3 32*Feb 7
3S
3754 3854 37
3754 3754 "3054 3 7 * Mobile & O hio....,..........
*170
176* 179
78
L77
100 §167*.Jan 4 §180 Dec 5
Morris A Essex...............
177
60 J’ne 1 §72*Nov 21
\Tash. Chat. & St. Louis..
121%122% 1 2 2 * 123% 12354 12354 123
♦ Y. Central & Hudson.. 44,804 105 Mar 26 124%Dec 16
124% 125
■2354 123% 120
14H M 3 *
755 ll*M ar 14 15*Jan 31‘
1454 1414 14% 14)4 14% 14% N. Y. Chicago & St. Louis.
1444
.is
73
•73* 76
'73
73
75
•72
1 0 0 73 Feb 19 70 Jan 31
75
•73
70
♦73
Do
1st pref.
75
•34
30)4 3S54 3054 8654 37J4 •36
3,110 28 Mar 25 40*Jan 29
37
•36% 3754 3«M 38)4
Do
2d pref.
§320 Jan 5 §352 Oct 14
New York& Harlem.......
§120 Apr 20 §128 Nov 11
N Y. Lack. & Western....
198 ’ * 199" l i b s * 1 98 * M 99” 2 0 6 " § i9 8 * i*98* 199*U *99* 1 9 9 * i'99% N. Y. New Haven & Hart.
341 §178*Jau 7 201 Dec 13
20*
20* 2094 2054 2054 1054 2 0 1 4 1954 205f 1954 2 0 * N. Y. Ontario & Western.. 03,757 13%Apr 25 19*Dec 30
•04
•04
•05
00 Nov 28 65 Jan 28
Norfolk & Southern....... .
I7 * 8 e p
18
18
18
18
1,232 ll*A p r 21 19*Deo 30
19*
l»5 i
1 9 * Norfolk & Western..........
i 8>< 0 2% 1854 19
48*Deo
03
02
04% 0 0 *
Do
pref. 10,100 42*Mar 12 03%Dec 28
«<* 02* 6394 V i* 04
0344 0 3 * 0 0 *
22%Dec
44*
« « 4314 4354 4 5 * 77* 4 5 * 4354 4«54 40)4 4 8 * 4 7 * 4S% Nor. Pac. Ry., vot. tr. ctfs. 264,251 19 Feb 24 44*Dac 28
01*Dec
76% 3»74 7014 77%
78 H 7054 78
78
79
Do
nref. 74,8991 56%Mar 12 79%Sep 6
7854 7854
•200
•200
•200
15
15
•14* 15* •M* 15
•38 40
40
•38* 89*: *38
19* n>H 22% s i * 23
18
56% D3!4 50*
50* 54 *53
67
07* 07* 167
00*
55* 55%
53* 54* 5 4% 55
70 > 70*
4
175% 75% 70* 77
9
84),
•8% 9*
•100*
•106*
•log*
30
•28* 29* •30 si
90
90*
84% 89*
3H* •31
s»*
33* •80
•30
75
•78* 75
•73* 75
MO
O
M
OO
•100
85% 85% 80
80
•85
54* 55* 55
54
54
55M
97% 98
97
97
4
08* 0W
14
41* 43* 43* 443( ■ 3 1 44^
27)4
25* 25* 26*
109 109
170* 170* 109 170
•175
•170 ....... •175
124* 25 124%125% 125% 120*
60% 60% 81* 02
•112* 113* 113 .13 113*113*
15* 15% 10* 16* 15% 10*
*81« 83% •81* 3 I’M •81*4 83K
|
51% 52V 51% 51)4
51
51
♦30)4 3044
*3054 30* •30)4 31
•8
•7* 8*
•7* 8*
•30 35
•33 35
130 30
120% 121% 121 121% 121*122*
•160* 107* 167* 167* 160* 108*
141* 141% 141* 142* 142 142*
'200
•15
39
,
B
D
F
I
L
•Those are bid and asked prices ; no sales on this day.
O UTSIDE SEC URITIES
-Street Rnllwnyn.
- i fleck 8t k Ful F—
Stook.
Bid. Ask.
33
/itmort 7s 1900. ..J&J 103
d’way k 7th Ave—
Stock. 230
1st mort 5s 1904...J&I) §105
2d molt "> 1914. ..J&J §111
*
Con 5s 19
See 8tock Exob l
■ wayBurf 1st 5s gu. 1924 110
2d 5s
as rental.1905 §104
O ntral Cro atown—
Stock 255
1at Met .922......M&N §118
C*n Pk N k K Riv—Stock 180
Onr*ol 7 1909.
§111*
(G i v e n
§ Less than 100 shares.
a t fo o t o f
7
Street R a ilw a ys.
Bid. ABk.
ChriBt’p’r * loth St-Stock 170 175
Co!& 9th Ave 5s-See Stock Exoh l 1
st.
Dry D E B & Bat—Stock.. 180 190
1st gold 5s 1032....l&D §117 11? *
10*
8crlp 5s 1915....... F&A lO i* 103
112
Eighth Avenue—
Stock... 380 400
tst.
Scrip 0s 1914.............. 108
118
42d k Gr St Fer—
Stock... 375 380 ’
105)4 42d St Man & St N Ave.. 70
77
lBtmortOs 1010..M&S 116 118
2d Income 0s 1915.J&J 98 t o o
185
Lex Av&Pav F 5s-See Stk Kxch 1 IB
t.
118
Metropolitan—See Stock Exoh 1 1st.
35
105
t Ex dlv and rights.
c o n s e c u t iv e
XBefore payment of assmt.
pages),—
I 2d instal. pd.
T
STREET RAILWAYS, < c
&.
Bid. Ask.
S tre e t R a ilw a y s .
Ninth Avenue—Stock—
Second Avenue—
Stock... 19*6" 206"
1st mort 5s 1909. .M&N §110 112
Consol. 5s, 1948...F&A 118 119
Sixth Avenue—Stock...... 215 230
Sou Boulev 5s 1945..J&J 112 112*
So Fer 1st 5s 1919..A&O §110 114
Third Avenue—See Stock Excli 1 ist.
28th &29th Sts 1st 5s..’ 06 §112 114
Twenty-Third St—
Stock. 390 410
Deb 5b 1906.......... J&J 103* 100
Union Railway—Stock... 175 200
Union Ry 1st 5s ’ 49. F&A §114* 110
Bid.
S tr e e t R a ilw a y s .
Westchest 1st 5s ’43.. J&J §111*
BROOKLYN.
Allan. Ave., 1st 5s..A&O §107
Con 58 g 1981......A&O §110
Impt 5s g 1934......J&J 95
B. B. &W.E. 5s 1933. A&O 90
Brooklyn City—Stock.... 250
Consol 5s 1941......J&J 110%
^klynCrosstnSslOOS.J&J 105
Droo’^lyn Elevated (new) 33*
Pref (new)................... 04*
Bonds(new)................ § 95
B<mHgt,Bls< ft 1941 A&O 104
Ask.
112*
108
111
98
34*
65*
THE CHRONICLE.—stock
J an, 14, 1899.]
8 T 0 O K S —H I G H E S T A N D L O W E S T 8 A L E
S a tu r d a y ,1 M o n d a y ,
Jan. 7
Jan. 9
•48
72
*41
45
•84
•63
12*H
-t*
-19,
85
176
• s*
20 *
5l4i
20 *
89*.v
•07
’ 128
55
15
•6 *
•0 0 1 .
S 3*
•>H
19
8*5*
100
38
I 0M
18
107
•20
•35
40
tlH
73
13*
•8
asn
'*
• 2*
52
72
4 2*
45
60
48* 48*
711* 7 1 *
4 2 * 422,
4544
*m
86
68
P R IC E S .
T u esd a y, ' W ed n esd ay T h u rsd a y ,
J a n , 10. I J a n . 11. j J a n , 1 2.
48*
•71
43
45J4
•85
64*
123*
49
US
Range j or pre
vious year (1897),
STOCKS.
F r id a y ,
Jan. 13 .
W. Y. STOCK EXCH.
48
71*
43
43
43
45*i
4 5 * 40
87
*84
87
6 4 * *03
07
1 23 * 1 2 3 * 128
*48* 50
49
50
r.BR.iN.Co.vot.tr.cla
7 1 * 72
71* 71*
Bo pref., rot. tr. ctfs
4 3 * 44
4 4 * 4 5 * Oregon Short Line
40
47
47
48
acific Coast Co,
*84
87
87
87
Do 1st pref
65
03*
00
86
Do 2d pref
125 1319, 130 130% Pennsylvania...
6*
Peoria & Eastern
ran
67
0 5 * 6 7 * Plttsb. Cits. Chic. & Bt. L.
S'
88
87
80
86
Do
pref.
’ 182
*182 ......... Pitts. Ft. W. & Ch., guar..
O
04
04
H i l , 12-4
0
0*
0*
72* 74*
7 3 * 74 f m t
85
85* s en
80* s s *
88
*176
180 180
180
10 *
9W
18
S
•8
‘ ew; •8
m
22
22
22*
22
22* 23*
22* 23*
53
53
534il
05* 56*
5-4
58^
2 7 * 2 ‘j*(
28
29
30^
2m
30* 30*
30
30*f 3 i * ;
30* 30*
30
30
09
68 * 0 8 *
68
69
6 9 * 6 9*! •68
09*
*128
130 130
*128 ....
6
5*
5^ ;
m
•5*
0
•5H
55
•50* 50*| 152* 52!
s*H 5 4 *
10
10 M 17H
16
*n
15 ! •13
15
«9<
9
** ; J
9*
9*
W
H
67
00
07
37*
67i,
67* 08*
34
34*
S4it 34%
33*
3<*
34* 38*
9*
3*
"94
»!4
8*
8*
9*
8%
20
22
22 *
2 0 « *U<
l«94
30* 2 1J'
4 3* 45*
44*
42
43 | 43
4394
45
102
S1 O0 * 1 0 1 *
*100 102
400 102
199*190*
34*
34* 35*
34
3 4 * S i*
35 1 34* 38*
10 «
10 *
11
1194
U * 11*
n * 11*
UH
42*
43 * 44*
44* 45*
16%
44* 45*
16 *
1%
18* 19*
1 9*
IS* 18*
im
170 11 0 0
00
•167 170
107 107 | 100 170
•20
30
•20
30
*20
80
30
•20
30
40
40
*35
40 ! ♦35
•33
40
•35
40
40
41
43*
41
41*
41
40
43
ii
4 4* * 3 *
43* 44*
43*
44* 46
7 3 * 7 4 *: 73
73 H 74
74
73*4 75
iS i,
IS * 13*
13* 18*
ISH 13%- 13* 13*
10
i-**
e*;
0*
8*
7 *
8
23*
23
2 3 *: 22
2254 2 3 *
S 3)! 23* 23*
00
132«
78
41 Sep
7S*Sep
*S%Aug
P
119 “ sen
8^A ng
89*D ec
70*O ct
172*A ng
12 gep
29*Sep
57%Sep
35*Sep
2 5*8 ep
61*D eo
122*D ec
9%Sep
54*D©c
20*Sep
9 Aug
59^D ec
37*D eo
7 Ang
14*8ep
80 Sep
8 7*O ot
125 Ang
23*Sep
12*Sep
8 8% Sep
15 Ang
173 Dec
26*O ot
.V*
8 | 7*
29 ! 2 9 *
2*| 12
8*
26*
8
e*
29*
7H
28* 28*
•99,
1109
109
«H
28
*8
10 Plttsb. A West., pref.......
22 * ?3?s T> eadlng, voting tr. ctfs. .
55* 57* IV 1st pref., vot. tr ctfs.
29* 31* 2d pref., voting tr ctfs..
-9 * 30* Rio Grande A Western....
,00
Do
pref.
1*8 ....... iRome Watertovni A 0gd. ,
r_?
.556 Ot, J. A G. Isl. vot.tr.cts.
*51 51 O D o
1st pref.
14 10
Do
2dpref.
»K 9* 3t. L. A S. Fr., vot, tr. ctfs.
68* 08*
Do
1stpref.
86 30*
Do
2dpref.
8 * 8 * SLLonls Southwestern...
20 21*
Do
pref.
45
45* St. Paul A Dulnth............
100 102
Do
pref.
St. Paul Minn. & Man......
88
40 Southern Pacific Co.........
11*
1 2 * Southern, voting tr. ctfs..
45* 40*
Do pref., vot. tr. ctfs.
1744 1 8* rFexas & Pacific.............
1 0 8 * 163* third Avenue (N. Y.)... .
•SO
30 Toledo A Ohio Central.. ..
•35
40
Do
pref.
4 1 * 43 Twin City Rapid Transit..
4 5 * 46%
74
74*
13* 13*
7*
7*
83
23*
7*
Si
*«*
27*
•*H
I Talon Pacific Ry
U
Do
*
...p re f.
UmP.D. A G. tr. roc. 2d pd.
\ \ T a bash............. ............
»«' Do
pref.
West Chicago 8treet........
7 Wheel. AL.£»,4th ass't pd
28*
Do
pref. 4th do
2 * Wisoon. Cent,, vot, tr.ctfs.
U lR C t lla n * S to c lia .
i
1109* 109* A dAms Express...............
3 6 * 8 0 * /A m erican Cotton OH ...,
B 8* 39*1 BSkL 86
169* 8 9 *
80* 80*
Do
pref.
38
44 1 4 3 * 46
—"
45
40
; 43
44*
45
45 American District Tel . . . .
*142 U 7 [1144 145 I*
148 1144 i u m * •143 145
1 42 * 1142* American Express.............
43»
81
33
9 2* 33*
33
81* 82*
81* 82*
3 1 * 31% American Mailing............
S3
Si
85
85*| 163* 85
Si
8 4 * ‘ 83% 84 ,
8 1* 84*
Do
pref.
1 9 * 14 ! 1 4 * 1442
1 8 * $ 4*
13H H %
13* 14*
1 8 * 14 % American Spirits M fg .. . . .
3 # * 87*1 88
36
a s * 30
3 7 * 38
37%
38* 3S*
Do
pref.
42
44 | 4 3 * * 6 *
42
43*1 41
42*
38
40*
■40* 4l*| American Steel A W ire ...
no in
in
114 no 1 1 1
1 0 8 * U .W 108 1 0 8 * 1 0 3 * 110*
JW
Do
pref.
1.2C* 127*| 126 1 3 0 *
1 24 * 127* 125 126
1 2 5 * 125)$ American Sugar Refining.
* 1 1 1 * M i ' s 1 I I 2 * 11 2*
l i l t * 1 1 2 * 1 U * 111;
112 112
Do
pref.
flOCr^- IOO* f 198* 68*
MOO 100
100 100
100* 0 8 * American Teleg. & Cable..
*46 1 48 * 147* 1 49 *
1 45 * 147
1 4 0 * 1 4 7 * 1 47 * 1 48 * American T o b a cco .. . . . . . .
• 134* !87 1185 135
137 138 11379, 1 37 « 1 3 8 * 1 8 8
139 130
Do
pref.
96
97*1 97
08
98*
9 8* 03*
9 8 * 90
08* 98*
Do
dividend scrip.
«*
«*j
6* 6*
7
8
6*
SH
0 * 7*
0*
7
ay State Gas.
..........
141 143 i t i i
14 4 *
142 142
1 4 2 * 1 4 2 * 148 1 4 2 *
rooklyn Union Gas.......
1 4 * 14*1 1 4 * 14V
14* 14*
1 4 * 1 1 * Brunsw. Dock A C. Irapvt.
IJH 18*1
35
36*
3 i * 87*1 3 5 * 37
3 i* 30*
3 4 * 35*
3 3 * 85 / iolorado Fuel A I r o n ...,
100
100 i u * t * w?™
67?
97* 08*
Pi
97
•05
08
' t Do
prei.
•7
8 | *0
8
8 1 *0*
♦0
8 Col. & II 0 ck. Coal & Iron..
1 9 2 * 193*[ 103 103
193 103 | 192 19 i
189 192
189 100 Consolidated Gas (N. Y .)..
*4 5 * 4 0 *
4 4 * 15*
45
4 5* 45*
43%.
•45
4 5 * Consolidated Ice........ ........
•02
08 I «0 i
49
IV3
93
191
91
♦01
9 1 * 92
Do
pref.
•50 ....... ,[ *50
►
50
•50
*50 . . . . . . Consolidation C o a l..........
65* 66*! rt«* 06*| 66* 66* •05
0 ~ *05
Detroit G a s . . . . . . . . . . . .......
• 190 104
101* 191*1 IDS* 1 9 2 * 193
to;
x
, 100 192
Edison Elect. III. (N. Y .)..
51* 53*
5S* 5 4*' 52* 54*
5 2 * .-.3% 5 1 * 5J*| 51% 5 2 * federal Steel (wheuiss.)
]- Do prof.
8 2* 84*
8 3 * 84*1 83st 8 4 * 1 63
62* 8 1
HI
83
do
00* 99*
9 0 * 100
100 102*: 1 0 0 * 10 5 «
9 0 * 1 0 0 * 100 1 00 * General E lectric,.., . . . . .
6 0 * 70 [ 70
72 j 8 0 * 7 1 * ; 70
70 H 7 0
70*
70
7 0 * Glucose Sugar Refining...
4110* u o * u o e * 109* *108* n o
no
i110
1 00 * 110
no
no
Do
pref.
6 0 * 61 ^ • 57* 60 j "ST* 60
^
—
*5 7* 0 t
•57
61
*5 1 * . . . . . Hawaiian Com. A S ugar...
*98
9 8* 9 3*
9 9 * 9 9 * 100* 1
100* 1 0 1 * 1 0 1 * X 1 0 0 * 1 0 0 % H. B. Clatlln C o..................
6 2 * 03 s| 0 2 * 0.3
e s * 0 3 * 1 * 3 * 64
QL
62*
62*
83*
nternationa] Paper.......
0 * -» 04«t| 04
93
01*
9 3 * 01
93*
0 3 * 94
0 3 * 0 4*1
Do
oref
56*
58
56
5 6* 56*
59* 00*
•8*
5 5 * 5 5 * •53
5 0 * ] Knickerbocker Ioe (Chic.)
*80
82
MO* SOW 50
B0?$ S l i , 1
Si
Do
pref
5 2 * 53
54
57*
fit
5 4 * 57
: 54
55
5 4 * 51% r ftdede G. (SU Louis).
PS
• 06* 98 ) 190
99
♦97* 90
198 100
•0 7 * 1 0 0
1 ' Do
~
pref.
*47
55
*47
5V
*47
55
*50
55 ! *50
*50
55 Maryland Coal, pref.
55
50
50
50
51*1 6 0 * 51
5!
51
5 i * VTational Biscuit
51*
S IX
to*
104 104 >
l i Do
pref.
38
38
3 7 * 3 0*] 3 7 * 30*
37* 3 8*
3 7* 38*
National Lead.......
S li d * 114
113W 1! 3 * 113 ~ 113
I I S * I I I I U 4 114
:
1 11 * 113*4
Do
p re f.
8*
6*
j§ i
National Linseed Oil.........
■0* 10
•5
3*
s
5
7 National Starch.........
MS,
•50
75 |
*50 ‘ 7 « " . •50
76
•56
76
Do
1st pref.
*15
80
80
•16
•15
30
*15
30
30
•15
Lu
2d pref.
*40
42
•40
42
42
42
*40
*40
42 NewCentXo&l (now stock)
*40
116* U S
118
12144 193
125 1 36 * 127 130 N, Y. Air Brake.............. .
*0*
7
7
7*
7*
North American C o....... ..
.
•5
•6
*0
•0
7
7
*3
H * Ontario Silver......... .
45*
4 i r 45*1
4
44* 43*
4 4*, 4 5 *
acific Mall
41V, 4 0 * ,
11714 1 13 *
1 1 2 * 1 1 3 * 111* 1 12 * 111 112
eopTgGaa-LAC.(Cblc.)
' In J 163 i
161 1620. 101* 1 0 1 * 101 1B1K Pullman's Palace Car.......
2*
'I *
2*
• 1H
**j
•1*
uicksilver Mining
2*
3*
•m
•6
10*1
n
ICr* 1 0 *.
•9
•7
10
il
11
Do
prof.
21* 23*
8 1 * at?;
24
25
21
2 iy
2 4 * 2 5 * Otandard DistiLADistrlb.
UH
7 5 * 78*| 7 9 * 8**1 8044 8tW
82
8 0 * 81V, ^7 Do
pref.
10
10 j
1 0 * il* |
B9*
9*
9 M 12
m
HIM Standard Rope A Twine .,
<w» 1 0 *
37
3 6 * 37
30
87*
30
3 6 * ' 36
30
T%ran. Coal Iron A RR . . .
sm T
a**
*100 115
100 115
Do
pref
* 1 8 * 14
1 3 * 134
13* 13*
13
22 * 12 *
12 1 2 Texas Pacific Laud Trnat..
13H
*55
5 5 * 5 7 * 157* 59
50*
59
00
5 9 * 00
459
00
f Tnited States Expres3 ..
7*
7f
7*
7*
7*
7*
0*
7 * 4J nlted States Leather ..
7*
7H
72
7 2 *i 7 2 * 7 8 *
73
73V72
73
7 1 * 7«%! 71% 72 ]
Do
pref.,
44* 46*
48* 48*
4 7 * <8y
46* 47*
.
4 6 * 47
4 0 * 47 , United States Rubber......
1 1 4 * 1 1 6 * 1 10 120
1 1 0 * 1 1 8 1 117 1 1 7 * 116 117*1X114*115*
117*
Do
pref,
4187 127 1*127 130 1125 125 •125 130 *125 130 1*127 130
27 2 27 *127
>125
•12 ’j
Y l/e lla , Fargo A C o .........
» 5 * j »->
'« K ftSM1 9 1 * 95
t'l'V 99
9-114 v m i
HlH flB^I \ 1 e ,r „r „ 0.jJ,,r, T-laB'li.
• Bid and asked prices ; no sales oa this day. I Last than 100 ahares. * B t div. o f 100 p. c. la beads, f Lowest is ex dlv.
4
0
B
aZi? ^
I
53
P
Q
O U T S ID E S E C U R IT IE S (Giv es
Bid- Ask.
1110 112
104* 105
ck R.t. List
11IM i i * «
270 280
103 105
101 10J
4114 117
104 108
108
e
incomes......... .
8
.....
R.->nd« —8 * * Stock ktxnb. List.
H l m t t t s t lw g y s .
Brkyn (jT5*Co.A8ab.l*t 6s.
Consol 5s guA r..............
Bki yn R ad. Tran.—8e<t Sto
C »L Cem Gr»A B’ kyn 1st h§
Coney Island A Brooklyn.
1st 5# 1904..............JAJ
5t certfs indbtlPl 0.JAJ
B k a A New 5s *39. JAJ
3f.8t.AN ew lst58*0«AAO
^*p’ t A Lorlmer St, lstfis.
8fing« Co. Blevat.—Stock
|
i
at
foot
S tr c s t R a ilw a y s .
Naseaa Elec p re f---- . . . . .
of
lOM.Tan
Sfl^Sop
97%Dec
185 Sep
......... ....
.....
4*Aug
IS Aug^
ll^ J a r, ‘
85*S a» i
80 J’ly |
9 Aug
48 J’ly
10%Au$
72
Sep
25*Jan
76*Jan
20 Dec
96>;iSep
fU asta taped.
I 1st. asst. paid.
T
7 cosrsBGtmvB PAQEs). —STREET RAILWAYS, &c
Bid. Ask.
| 5s 1944................ AAO 104
|
92
.
i,
NewWmb’tfAFll9tex.4*s 138
I1NYAQa* Co 5s 1940. A AG
Steinway 1stfis 1928.JAJ 114«
OTHER CITIES.
1
Balt I
BaJt Consol—
Stock—
Bridgep Tr-lst 5s '23..JAJ $101*
Buffalo Street Ry—Stock. 79*
1 1st consol 5a 1031 .FAA 116*
Crossfown 5s 1032MAN 111
il Chicago City RR—Stock.. 800
Sl^Au*
B^Aag
Bid.
Hirecc llifllw a vs.
Citizens* 8t (Ind’nap)-Sef Phila
Cleveland City Ry..........
82X
Clevel Cab-1 «t 5a ’09. JAJ §105*
106
Cleveland Electric Ry. , . , 82
Con 58 1913...... ..MAS $1.04
ii6
Columbus (Ohio)—
Stock. 03«
Con 5e 1932—Sea Pbila List,
1st
Croast'wn—1st 5s-See P hila L
Consol Tract’n (N J)—See Pbila
81
Lake 8t (Cblc)Elev-Stock 13
117«
deb 5s 1928.......... JAJ $ 84
118
Loulav 8t Ry—5 p c bonds $118
....
40«
Common......... .
100
Bid. Aslc
Street R a ilw a ys,
i oulsv St Ry—Preferred. 108 105
TynnABos-lst5s’24.JAD $107% 109«
5
1O , Metrop West Side (Chic).
0>
m
1st 5a 1942.......... FAA 69M 70
82*
10BM Mimieap StRy-Sa’IO.J&J $100 102
2%
New Orleans Tr—Com.,, .
05
Preferred....... .........
12M 18«
1st.
North Chicago—
Stock.. . . 221 224
list.
1st 5s 1906-16....... JAJ $105
No Shore Tr (Bost)-Com. 10
18
85
Preferred........... ........ 84
118*
42
§ Buyer pays accrued Inter eat.
Ask.
list.
THE CHRONICLE.—bond frices (5 pages) F101L
74
BONDS.
N.Y. S T O C K E X C H A N G E
BONDS
M.Y.8TOOK EXCHANGE
W e e k E n d in g J a n . 13.
W e e k E n d in g J an 13.
is
if
Bid.
dol. lxvih,
Week’s
Range, or
Last Sale.
Price
Friday,
Jan. 13.
Ask. Low. High,. No
Rang*
fro m
J a n . 1.
Low. High
118
118
50 i l l
C A O -(C on)—1st con g 5a ’ 39 M-N 118 Sale 1 1 7 4
1 10 4 D e c’ 98
1104
.......117
Registered.......... ,,....1 9 3 9 M-N
BAO
A krou AChlc Jnc. 8*4 a Ry.
91
92%
92% Sale
784 91
Gen gold 4 * s ............ ..1992 M - 8
labanm Cent. 3** 80
93X
91
V8H Sale 98 H
Alabama Mid 1st gu g . . . 1928 M-N
R egistered...*.......... 1092 M - 8
105
99 107%
R A A Dlv 1 st con g 48.1989 J - J 105 gale 105
Albany A Susq. See I) A II.
97 Dec ’98
90
07
97
95
2 d con g 4 s . . . . , ........1989 J - J
Allegheny Val. See Pena Co.
95% May’ 9w
95
994
Craig Valley 1st g 5a.. 1940 J - J
Am Dock A 1. See C o f N J
’en
BOH
81
88
894 55
Warm Spr Val ls t g 58.1941 M -S
Ann Arbor 1st g 4s........ 199;ft Q-Jt 89 Sale 100
100*. 1572 8ft 100
9 7 4 104
ft|X -o 100% Sale
Ellz Lex A B S gugSs.1002 M -S 103 1 0 8 * 103 D e c ’98
Atch T A 8 Fo gen g 4s 1M5
89%
80%Mar*98 .• • 89%
•
1 104 D e c’98
1 09 4 118%
Registered................lWtfn A- O
Alton sink fd 0a. 1003 M-N • n o
73*
804 2606 MIH 7«X Chic A A Mo Rtv lat 7 s ..1900 F - A ♦107
1 07 4 Jan.’ 99
107 111
Adjustment g 4 s........19tfft Nort 80 Bale
Lou.
107 J ’l y ’ 9
107 107
2d 7 s ........................... 1900 M-N
Registered................. 1W5 Sort
Equip tr ser A g 5 s ... . 1902 J - J
Miss 't'T B lBt s fg 0 s ..l9 1 2 A -O
Chlo A St Louis 1st 0s.ioift M-8
Chic Burl A Nor. See C B A Q.
108
108
1 1 4 * 115 114% 115
1 1 3 4 118%
A ll A t Bklyn Imp g 5s. .1934 J -J
111c Burl A Q—Con 7s.. 1908 j - j
9 5 " i'o'2M
1 02 4 D ec’98
101% 107
A lien A Dear 1st g 5 s .. 1950 J -J
Sinking fund 5a........... 1901 A-O 1 0 2 4 ....... 101% N ov’ 98
111
1 0 4 % 111
....... 111
Atlanta A Cher. See Sou R y .i^
Debenture 5 a .............,1913 M - N • I l l
131
1 0 4 4 126
Austin A N W. See So. Pec.
Convertible 5s. . . . . . . . . 1903 M -8 131 Sale 120
1 09 4 1 1 1 4
AS.
Iowa Dlv sink fd 5a. ..1919 A-O 1 1 2 4 ...... 1 11 4 D e c ’ 98
100 1184
B ex Creek1st 6 sSreMichrCeu A
Oct.’ 98
112
98 1 0 5 *
elt A O
Pkbg B .'ie
4 a .........
1919 A-O L04* . . . . 104* D e c ’ 98
115 Nov’ 98
97 108
Trust Co. ctfs. o f dep........
Deuv Dlv 4 s ..., ...,.,1 9 2 2 F -A 103 107 102 Oet.’ 98
80 1184
115 O ct/98
101
101
99 101
Gold fts .............. 1885-1925 F-A
Southwestern Dlv 4a.. 1921 M -S *101
Coupons off.......................
Culo A Iowa Dlv 5s. ...1 90 5 F-A
05 113%
1 114 Aug'98
1 0 7 * 108
954 1044
M-N
Registered.......1885*1925 F-A
Nebraska Exten 4s. ...1 92 7
90 118
118 N ov’ 98
97 May’ 9^
97
97*
Speyer A Co. cortf o f dep
Registered..................1927 M-N
122 D e o ’ 98
119 128
Trust Co ctfs of deposit..
Ban. A St. Jos con 08..1911 M -S 121% .
9? 118*
1184 Sep.’ OS
1 08 * D e c ’98
105 1 1 0 4
Consol gold fts..............198S F-A
Chic Bur A Nor 1st 5 s. 1926 A - 0
103 110*
116 Aug’98
115 Dee ’ 98
D 115* .
Registered................. 198b F-A
1 144 1 174
ChioAE 111—1st af cur 9s. 1907
97
11 8* O ct/98
J P M A Co ctfs o f dep. .
Small . . . . . . . . . . . . . . . . . . 1 9 0 7 J - D
122 134
184 D e c’98
Trust Co certfs d eposit..
l a t c o n g 0 s ....... ..,,,,1 9 3 4 A-O 134
84 ’ i d s ’
105 Dec ’ 98
110
112
1 0 1 * 109fc
BaltB'lt lstg5sintgu.1990 M-N
General eon 1st 5 a .... 1937 M-N n o
101 108*
W V » A P ls t g 5s.......1990 A -0
1 084 N ov’ 98
R egistered .......,...,1 9 3 7 M-N
105 Sep.’ 98
100*109
Monon Rlv 1st gu g 5s. 1919 F-A
C htcA IndC Ry lat 5s. 1936 J - J 105
9 9 " ib'8X
1084 1 084
Ceu Ohio R l s t o g 4^81930 M S 1 0 8 4 .
Chloago A Erie. See Erie.
7ft
75
7 6 Oct.’ 98
ColAClnM lstext4^ B l939 J -J
Ohio Ind A Louisville—
105 105
105 Aug’ 98
A kA C J 1st tn tg u g 5 s.1030 M-N
1 10 4 D e c ’ 98
Loulsv N A A Ch lst0a..’ lO J - J *114
100 105
105 Nov’ 98
92 Sale
Coupons o ff .......... ..........
92
92
Ohio Ind A L ref g 5a. .1947 J - J
1054 107*
1 07 4 J’lJ ’ 98
J
104
104
Pitts A Con 1st g 4 s .. .1940
Refunding g 6 s............1947 J - J *104
9 8 * 105
107* 1 07 *
J - J 1074 •
BA 0 8 W lstgu g4 ^ s.l0 9 O
100 N ov’ 98
161
Ch M A St P— st 7 s $ g R D ’ 02 J
1
70
90
90 Nov’ 98
BA O 8 W Ry con g 4* b 1903 J - J
1st 7a £ gold R D .,,,1 9 0 2 J - J 101
27
31
. 32* 324
324
1st ln cg 5s ser A . ...2043 Novt
162 Dec ’*98 ,
1st Iowa A D 7s..........,1899 J - J 101
Sale
IL
114
» x 12X
11
Benes B..................... 2043 Dect
1 004 l « l
1st C A M 7s..................1903 J - J 161
B A O 8 W TerC ogu g 6s. *42 M-N
100% 100*
101
J -J
Ohio Mil A St P con7s,10O5
104 1054
Ohio A Miss lstcon 4s. 1947 J - J 1 0 8 % ........ 1084 1084
101
1«1
1st I A D Exten 7s. . . . 1908 J - J 101
120 124
1204
126
2d consol 7s...... $.,..1911 A -0 1254......
1 194 N ov’ 98
1st Southwest Div 6 a. 1909 J - J l i e
100 108
1st Spr'gfleld Dir 7s. 1905 M-N 104% Sale 1034 104 4
1 1 5 * N ov’ 98
1st La Croase A D 5s. .1919 J - J
85 ......
1st general 5s........... 1932 J -D
..
1 184 1 18 *
lat So Minn Dlv 0 a .... 1910 J - J 118
Beech Creek. See N Y C A H
1 294 Oct.’ 98
lat Haat A D Dlv 7 a ...1910 J - J 127 ...
Bel A Car. See Illinois Cent.
1 0 9 4 D ec’ 98
.....................................1910 J - J *109 ...
Boonev Bridge. See M K A T.
Chic A Pac Dlv 6 a.......1910 J - J 119 ......... 122 D e c ’ 98
Bway A 7th A t. See Met 3 Ry.
1 1 9 * 1 20 *
Ohio A P W ls t g 5a.... 1921 J - J 120
79
95
108 Sale 9 6 4 103
Bklyn K1 Tr Co of Istg0sl924
Chio A Mo Riv Div 5 a. 1926 J - J *119 ......... 118 D e c ’ 98
86
80
86 J’ne’ 98
T r C o c t fs 2 d g 5s.......1915
Mineral Point Div 5a..l910 J - J 1 09 4 111* 107 M a r’ 98
68
68
08 May’ 98
3d lnstal pd..... ..................
Chic A L Sn Div g 5 a ..1921 J - J *116 ........ 112 A pr.’ 98
93
100
8 A BBT Cocfs 1st gu gfts’ 42
116 ......... 113 N ov’ 98
Wia A Minn Dlv g 5s.. 1921. J - J
3d lnstal pd..................
80
944
Terminal gold 5a.......,1914 J - J 115 ......... 1 15 * D e c ’ 98
1 02 4 9ale * 9 8 4 1024
Un El Tr C ocfs lstgugOa’ S
L274 Jan.’9S
91 109
Far A Sou assu g 0 s . ..1924 J - J
1104
Bklyn Rap Tr g 5s..........1945 A -O 1104 Sale 110
1 064 May’97
112 117* Cont sink fund o s........ 1916 J - J
1 1 7 4 D e c’98
Bklyn City lstco n 5s 1916-41 J - .1 .......117
114 D e c ’ 9S
102* 100
Dak A Gt So g 5s..........1910 J - J * 1 1 2 4 ,
1074
Bklyn Q Co A S con* ug Os’ l l U-N 1074 Sale 107
1 0 8 4 1* 8 4
Gen gold 4a aeries A .. 1989 J -J § 109 ,
Bklyn A Montauk. See L Isl.
IO 0 4 Feb.’ 9 •
Registered................. 1989
Bruns A West 1st g 4a.. 1038 J - J 75 .......
121 D e c ’ 98
121
Mil A No 1st M L 0a. .1910
Buff N Y A Erie. See Erie.
123 Oct.’ 9»
Istco n a o lQ s..... ....1 9 1 3 J - D 122
1044109
1 074 109
Buff R A P gen g 5s...... 1937 M-S 1 074 ,
144
144
10
- F 142
Chic A Northw—Con 7a. 1915
Debenture 6 s ........ ...1 9 4 ' " - J
113
113
Gold 7 s ..........................1902 - D 113
127 127
127 Mar’ 98
Roch A Pitts 1st g 6s..10211F - A
113
Registered.................1902 J - D 113 Sale 113
122 125
123 D e c’ 98
Consol 1st 6s............1922 J - D
110 Jan.’ 99
Sinking fund 0s.. 1879-1929 A -O 110 1 2 0
103 Apr’ 97
Cl A Mah 1st gu g 5s. .1948 J - J
1 17 4 Oct.’ 98
Registered.......1879-1929 A -O 115
Buff A Southwest. See Erie.
Sinking fund 5s. 1879-1929 A -O 1 0 9 4
1 09 4
1004
A- O
Buff A Suaq 1st gold 5s.. 1913
1 08 4 D e c ’ 98
R egistered... . .1879-1929 A -O *109
Registered.................. 1913 A-O
120 Oci. 98
Sinking fund deb 5 a.. ,1933 M-N 119
1 04 * 109
Bur O R A N 1st 5s........ 1006 J -D *107 108 1074 1074
1 1 9 * D e c ’ 98
Registered.................1933 M-N
100 1 1 0 4
111
111
Con 1st A col tr g 5s.. .1934 A -0
25-year d ebenture5a.. 1909 - N 1 094 . . . . 110 Jan.’ 99
Registered.................1934 A -0
Registered . . . ., ,.. .,1 9 0 9 6 -N ■108* 110 1 094 M ar’ 9*
M A St L i s t g a g 7s.. 1927 J -D
1 05 * 105*
80-year debenture 5s.. 1921 A - 0 115 ....... 110 Dec ’ 98
O R I F 4 N W l s t g 6s..’ 20 A- O
U)5X NOv’ 98
1 1 7 * Feb.’9 s
A105 105
Registered
19210
105 Jan ’ 99
1st gold 5s.....................1921 A-O
1 0 5 * N ov’ 98
107* 1 11 *
Extension 4 s ..., 1880-1926 F- A
1 08 * 1034
anada South 1st 5s... 1008 J - J 109
C 2d 5s.......................... 1913 ML-8 110
103 J’ne’ 98
105 111k
Registered
1886-1920 F- A
1104 Jam’ 99
103
103
Gen gold 3 4 s ................1987 M-N
100 Jan.’ 97
Registered.....................1013 M-8
103 Nov’ 98
R egistered................. 1937 Q -N
Garb A Shawn. See Ills Cent.
1 0 7 * May’98
Escan A L Sup 1st 0s.. 1901 J - J
Oarthuge A Ad. See NYC A II.
Des Mo A Minn 1st 7s.l907 F - A
O R I b F AN. See B C R AN.
Iowa Midland 1st8 s ...1900 A -O
89
92
Ceu Branch U 1 1st g 4s. 1948 J -D
*
9 1 4 9 1 4 D eo’ 98
W inona A St Pet 2d 7s.l907 M -N
Central Ohio. See Balt A O.—
117 Jan.’ 9H
Mil A Mad 1st 6 s .........1905 M -S
Cen RR A Bkg Co o f Ga.—
111 Jan.’ 99
94
O ttC F A S t P 1st 5s..1909 M -S 110
87
94
Collateral gold 5»......... 1937 M-N 91
94 D e c’ 98
105 Apr.’ 0 b
North Illinois 1st 5 s... 1910 M -S *110
114 1194
Cent o f Oa Ry— Istg5s..l9 4 5 F-A*
118 D e c ’98
.................
Mil L S A W l s t g 3 s ..1921 M-N 140 1 404 1384 D ec ’98
R egistered................1945 F-At
1 05 * Feb *9
8 4 * 93*
Convertible deb 5 s.. 1907 F - A
531
9 2 4 3ale
Consol gold 5s.......,.,.1 9 4 5 M-N
1 20 4 D e c’ 98
................ .
R xt A Imp 8 f g 5a.. .1929 F - A
R egistered................1945 M-N
138 D e c ’ 98
35
444
Mich Dlv lstgold 03.1924 J - J 1 354 •
404 40k
40*
1st pref Income g 5s. ..1045 Oct.* 89
138 May’ OS
10
154
Ashland Dlv ls t g 6sl925 M -S 133 .
2d pref Incomeg 5s.... 1945 Ooui
1 1* Sale
11%
11*
112 Apr.’ 9 8
8d pref Income g 5s. ...1945 Ocut
4%
84
In co m e s..................... 1911 M -N
6 * Dec ’98
91
95
Chic Rock I A Pao 6s....1 9 1 7 J - J 131 ....... 1314 132
M A N D lv ls t g 5 s ....1046 J -J
94
95 D e c’98
95% 99
Registered ..J - J ,,1 9 1 7 ....... 130 Aug’ 98
,,, ,.. 130
90 J’l y ’ 9*
Mobile Dlv ls t g 5s---- 1946 J - .1
8 0 4 80k
General gold 4a.. ......1 9 8 8 J - J 104% Sale 1 0 4 * 1 05 4 397
Mid Ga A Atl Dlv 5s .1047 J -J
8 6 4 Sep ’ 98
104 Sep.’ 98
102*104*
Registered.1J - J
Dent o f N J—1st con 7s. 1890 Q-Jt 1 0 1 4 .
988
1014 1014
98
93
112 1124
Des M A Ft D 1st 4 s ..1905 J - J
1st convertible 7a .......1002 M-N •112 .
112
112
80 N ov’98
1134 J’ l y ’ 93
no
112 4
1 st 2 4 a........................ 1905 J -J
Convertible deb 6s— 1908 M-N
83 Mar'9 7
1094 110
Extension 4a
,..1 9 0 5 J - J
General gold 5s.......... 1987 J - J U 4 4 8ale 1134 1144
103 n o
1 094 U 0 %
108*114*
Keok A Dea M 1st 5 s ..1923 A -O
Registered................. 1087 Q-Jt 1124 . . . . 1124 H 3
100 A p r’ 97
|
Leh A WB C con as 7s. 1900 Q-M ......... 100
99% 100
97 1034
Small................................... A -O
5 s ................................ 1912 M-N 8 7 * .......
85% 93 Chic A St L. See At T A 8 F.
87*
87*
Am Dock A Imp Co 5s.l021 J - .1
110 110 Chic St L A N CL See 111 Cent.
1 154 D e c '98
N J South lnt guar 6s. 1890 J - J
Chlo St L A Pitts. See Pa Co.
1204 138
Cent Pactho—Ctts dp A. 1808
Chio St P M A O 00a 0s.. 1930 J - D 1 30 4 .
103 103
103 Oct.’ 98
138 130
Bpeyer A Co ctfs BCD. 1800
Ch St P A Min 1st 0 s.. 1918 M-N
103 103
103 Feb.’03
........ 140
Bpeyer A Co ctfs dep S.190O
Nor SVlsconsin 1st 0 s..1930 J - J
134
Bpeyer A Co otf FGHI.1901
8t P A S City l s t g 08.1910 A - 0 134 Sale 134
105 105
104
104
94
04*
9 4 * Sale
Ban Joaquin B rg0s...l9O O A -O
Chlo Ter Transfer g 4s .. 1947 J - J
101 105
1024 Oct.’ 98
106 J’ne’ 97
Quararteed g fts...... .,1930 A - 0
Ch A West l lat s f g 0s. 1919 M-N *105
il7 H 122*
1 1 9 * D e c ’ 98
1> *119
Bpeyer A Co eng cts,
General gold 6 a. ........ 1932
D
1004102
ch ic A West MiohRy 58.1921
«>and grant gold 5 s ... . 190o A - O
102 Mar’ 93
C A O D lv e x t g 5 s ....1918 J - J
101 101
Coupons off . . . . . .....1 9 2 1
101 Jan/98
119 Oct.’ 97
Western Pacino g 6s. .1899 J - J
101 104
lin H A D con s f 7 s ....l9 0 5 A -O
1 03 * D e c’98
No of Cal 1st gu g 0 s .. 1907 J - J
1 03 4 Oct.’ 97
...................
2 d gold 4 4 s .................1937 J
112
1 1 0 * N ov’ 98
Guaranteed gold 5s. 1988 A -O
100 1004
Cln D A I 1st gu g 5 s ..1941 M -N
1 094 D ec’ 98
Charles A Sav 1st g 7s.. 1936 J - J
.................. 1 l St L A C. See C C C A St L.
Obes A O—g. 0s ser. A .. .1908 A-Ot
118 1 204 Jlu S A C . See C 0 C A St L.
119 Jan.’ 99
Gold 0 s ....................... 1911|A-OY
110
1154 1214 City A 8 Ry Balt 1st g 5s. 1922 J - D
N ov’ 98
113
....
.
.....
i'oix
• No price Friday; these are latest bid and aaJcecl this woes.
OUTSIDE S EC URITIES (Given
Bid.
S l r s n H u ll w a y * .
Prov A Pawt’ck -lstS s ’ 33 $108
Rlohm RyAElec-lst 5s’ 20 78
Rochester R y....................
124
Con 5s 1930..........AAO 105
80 Side El (Chic)—Stock
75
Twin City R Tr—See Stock Excb.
Preferred ....................... 110
Un’ d T rA Klec(Prov)- 8t’ k 80
1st Cs 1933
..MAS 3114
West Chloagc a i...............
9 «4
Oon 1936 ............. MAN 1 94
12*
W orcester (Mass)Tr-Com
P referred.
......
101
Ask.
1 10
78
13
list.
120
87
box
14
103
tu u o jiilr .
at
foot
G a * S e c u r it ie s .
NEW YORK.
Central Union Gas—
1st 5s 1927............. JAJ
Con Gas (NY)—Stock—N
Deb fts 1908..........MAN
Eqult Gaa..........................
1st 6s 1899............F&A
Con. 5 . 1982..........MAS
Mutual Gas...................... .
N. Amsterdam Ghb, Com.
P ref.................................
1st consol 5a..................
Bln.
t D a e Not.
of
7
ABk.
nD ueJune.
c o n s e c u t iv e
lO a a J a a .
pages)
t B ond. d a . M ar. a These are option tala*.
.—
Bid.
G a s S e c u r itie s .
N Y A East River Gas—
1st 5s 1944......... ...J A J 112
Consol 5s 1 94 5 .....J A J 108
Nor U n 00
1st 5s 1927............. MAN
Standard Gas—Common.. 187
Do preferred.................. 150
1st 5s 1980........... MAN $110
$1064 1 00 *
Y Stk Bxch
100 n o
110 4 U8
a0 2 4
$101
$117 116
BROOKLYN.
2 >0 301
I 314 Brooklyn Un Gas—N Y St ook E
0 8 * ! 1st con 58—N Y 8toek Exch.
08
$103* I1 0 4 4 1 Wii1i»Tnsbnrv Gas—1st 6« $101
GAS SECURITIES, d
ec.
Ask.
G a s S e c u r itie s .
114
1 094
OTH ER CITIES.
Baltimore Consolidat —Se
Bay 8tate Gas—N Y Stock
In co m e s.........................
Boston Uni ted Gas BondsBuffalo City Gas—S tock ..
1st 5s 1947............AAO
■Jhioago Consumers 1st 5s
Obioago Gas—See N Y 8to
Uicero Gas Co le t 6s.........
lnclnnatl Gas A C oke...
$And Interest. tPrloe
95
139
164
118
xch.
102
Bid.
Ask,
e Balt. List,
Exch.
-Bosto
10
$ 96
108
ck Ex
102
199
per sh
nList
17
97
10 34
Oil.
are.
THE
J a n . 14, 1899,]
Prtc€
5*S I
BONDS.
F r id a y ,
It. Y . STOCK. E X C H A N G E | t
J a ju 1 3.
W s s k E n d in g J a n . 13. ^ £
C H R O N IC L E —BOND PBICES (5 pages) Pagb fe
j
Week's
i'e^i
R an ge or j§
I L a s t Sale.
Range
from
/ a n . 1.
BONDS.
N .Y . S T O C K E X C H A N G E
W e e k E n d in g J a n . 13.
P r ic e
F r id a y ,
J a n . 13.
Bid. Af&.itttc S igh . Bo. Low. High
B id.
Ask.
Clearfield & Mah. S & BB4P.I
<s
A Pere M 6 s ....1920
122
F lint consol goldg 5 s .. . .1939 A -O IOO34 Sale
C lA k A C e q A 3d g 0 a ..l9 3 O ;F -A
1st
M.-N
Sale
Cl A Can 1st 5s u r e c ...19173 - J »0
75
72% Jan.’99
P t Huron Dlv 1st g 5s. 1939 A -O 102 Sale
88
7434
O G C A S t L —G ang 4 s..1993 J - D
88 Sale 87*%
88
85
Fla Cen A Pen 1st g 5s. .1918 J - J
17i 82
Cairo Dlv 1st gold 4a.. 1939; J - J ................... 91% D e c’ 03
88
91^
1st land gr ext gold 5s. 1930 J - J
*20! 9034 100
8t L D ir l i t col tr g 4a. 1990 M -K
99% Bale
99%
99%
Consol gold o s............ 1943 J - J
B a r t e r e d . . . ............1990 M-N
99
....... i 9C M ar’98
90
93
Ft 8 A V B Bge. See StLASF.
Spr A C oi Div l s t g 4 a ,l» 4 0 M -S .......... .........1........
Fort 8t D D Co l s t g 43481941
-J
W W Tal D ir lat g 4s. 1940 J - J .................... 87 A ug‘ 9 8 1
80
83J4 Ft W A D C— l s t g 4-6s.l9 2 1
D
85
8534
Cln W 4 M Dir ls t g 49.1091 J - J .................... 92 N ov’ 9S;
89
95
Ft W A R io Gr l s t g 3-4s.l928 J - J
03J4 Sale
Jan.’ 99
98?4 102
Cln 1 St L A C l s t g 4«,1936 O-FI M03 .........103
Fulton Kiev. See Kings Co KI.
B agfatered............... I9 38 [g-Y t ..............................................
a
ar
S P Co.
a allH A H&oS A .21See58.1913 A - O 100 103
Consol 0 * ... ... ... ... 1 9 2 0 ! M -N *105 . . . . . .......................
H
f ’8 st
Cln 3 A Cl cou l s t g 5«.192S| J - J
.........114 Oet,’97
Ga A Ala R y 1st p f g 5s. 1945 A -O
Ind B1 A W lat p? 7a. .1900! J - J ................ . 10734 F eb ’ 97
Ga Car A No 1st gu g 5s. 1929 J - J
O In d A W 1st pf 5a.. .1938 O -J f ....................i...................... .
Georgia Pacific. See So Ry.
83] 7 0
85 | Grand Rap A Ind. See Pa Co.
Peo A East lat con 4b . 1940 A -O
84
85
84%
85
Ifir.Tmft4a................ .1990 A p r
25
. . . . . | *25
S03> I 14
22 |
83
an A St J. See C B A Q
QIC C & In<S Is ts f 7 « . . . 1899 M-N; 108 ....... . 1102% .Tan.’
.. ..1 0 1 3 4 10534 H ousatonlc. See NYNH&H.
Consol 7s......................1914 J - O * 138
.........137% D e c’98 • ..-1 3 1 34 140 I H onst E A W T 1st g5B,1933 M -N
9834 9S34
Consol finking fd 7 s... 1914! J - D ............................................
Hous A T ex Cen, See So P Co.
General consol gold 8s. 1934 J - J i . . . . . .
182% N ov'98
|l37% 132% Fillnoi8 Cent 1st g 4 s ... 1951 J - J n o u .......
L Registered.................1051 J - J 11034.......
Registered . . . . . . . . ..1 9 3 4 I J -J ...............................
......I
CAS 1st M C CC A 17s. 1901 A - Oi .................... i 0734 Oct.’97
1st gold 334s..................1951 J - J 10134 104
Cl Lor A Wh cob lat 5s. 1033! A - O .................. 110V D e c’ 98
Registered................1 95 1 J - J 1013* 104
1100 109
Cler A Marietta. See Pa RR-!
1st gold 3s sterling.. . . 1951 3 1 -8
Ci«T A Mahon Val g Ss.,1938 J - J; .................... 121 gep.’ 9B
R e g i s t e r e d . 1951 J l-S
R egistered ............... ldaS^Qu-J! ............................... .........
Coll Trust gold 4s. . . , . 1952 A - O 1Q5& 100
Registered........
d e v A Pitta. See Penn Co.
1952 A - O
2931 56
1
Ool M ill'd — l*tg2-8-4a.l047|J - J ........... .
06%
69
L N O i T ex gold 4s . 1953 M-N
66%
117 I 05
lat g 4a.......... ..............1947 J - J *
Sale
74
78
Registered...............1 9 5 3 M-N
7734
Ool A 9th A v. See M etSt 8y.
Coll tr 2-10 gold 4 s .... 1904 J - J
Oolum A Greenv. See So By.[
Registered........ .....1 9 0 4 J - J
Ool H V A T ol—Con g 5s. 1931 M- 18i ...................< 75
............... .
Oet,’97[ ••- ................
Western Line l s t g 4s.l951 F - A 1 0 5 & .......
J P M A Co eng cfs 985 pd. . . . . .
7434 ^
Sale
7 l«
74%
7034 88
Registered ................ 1951 F - A
General gold 0 s......... 1904 J - D
.............
33
32 j 40
61
Louisville Dlv g 834s .1953 J - J '*9434 Sale
General lien gold 4a.. .199*5 J - J
55 .................. . ......... . . . . ................
Registered ..... ... ..1 9 5 3 J - J
R egistered ............. .1098 J - J
8t Louis Dlv g 3s.......1951 J - J
....... 8134
Ool A Cln Mel- See B A O.
Registered ,. ... .,, .,1 9 5 1 J - J
Col Conn A Term.
Gold 3348................... 1951 J - J
94“ “ 9434
Conn A Pas RIts 1st a 4*.’ 43 A -O
R egistered ............1951 J - J
.......
ak A Gt Bo. See C M A BtP
Cairo Bridge gold la .. 1950 J - D
R egistered................1950 J - D
alias A Waco. See M BAT.
12 2
128
ftel Lack A Western 7a.. 1907 M-H 124 ........ 124 Nav’ 93
Middle Dlv reg 5 s . ... . 1921 F - A
T Bing A N Y 1st 78.1900 A -O , 125 ......... 126 J ’ly '9 8
125% 12 0
Spring Dlv l s t g 334*. 1951 J - J
Sorris A Essex lat 7». 1914 M-N
Registered ................ 1951 J - J
7 s .................... .......1 9 0 0 J - J i
107 Sep.'99
107 107
Chic St L A N O r 5s.. 1051 J - D
7 a..............1 8 7 1 -1 9 0 1 A -O u o x ......... 110% Jan,’ 09
R egistered.............1 9 5 1 J - D
107 n a ^
l i t con guar 7a.........1913 J - D * 4 8 } .......... 139 J’ ne ‘ 06
Gold 334s................... 1951 J -D
130 14244
R egistered............ 1915 J - D 140 . . . . . . 140 Odt,’ 98
Registered . . . . . . . . 1951 J - D
140 140
N Y Lack A W 1st 6s. .1921 J - J 183 ....... 187 8«p.'98 . . . . 136% 183%
Mom Dlv l s t g 4 a .. .. 1951 J - D
Construction 5 «....... 1033|P-A 117 . . . . . . i 18% N ov’M? ....|
Registered............1951 J - D
......
Warren 2 d 7 s .. . . . . . . . . 1900 A - O 105 ......... 108 A oe ‘ 88
Boiler A Car 1st 6s. . . . 1023 J - D 120
108 10854
3el A H od Ut P«D tT7a.l917 51- s*
St L Sou 1st gu g 4 s ... 1931 M -S 101
143 146
Regtafsred.................1917 M- H 148 . . . . . .
93
Carb A 3 l s t g 4s.........1932 3 1-8
Alb A 3 ** lftO o a g a 7 f 1906 A - O 4 2 2 * ......... 123 D o c ’ 98
120%125% Ind B1 A W . See CC 0 A fit L.
Registered................. 1908! A - O
Ind Deo A W l s t g 5 s ....1935 J - J 102% .. .
Gold ft*..................... 1008 A -O
117 ......... 119K B e e ’98
no
118J4 Ind III A la lat ref g 5a.. 1948 A -O ........100 %
Registered........
1906 A -O . . . . . . . . . . . . 117 Nov*98
110%117
Int A Gt No 1st gold 0s. 1919 M-N 124 127%
2d gold 5s....................1 9 0 9 M -8
Reus A Bar la t7 s........ 1921 M -N • 1 4 7 * ......... 147 3ep.’ 98 . . . . 147 147
93% Sale
R egistered............... 1921 11-N
8d gold 4 a ..................... 1931 M -8
145
01 Sale
141 May’08
141
Del Rlv RE It**. See Pa RR.,
I owa Central Istg old 5 s.l03 8 J - D 108 110
Den Con Tr Co 1stg 5*.. 19331 A -O
Iowa Midland. See Ch A N W.
D ec Tram Co eon g 6«. 1910 J - J
Jefferson RR. See Erie.
Met Ry Co 1at go g 8s. 19 11 J - J
al A A G R. See L 8 AM S.
6] VOS 1 1 1 % K an A Mich. See Tol A O C.
Den A R O r 1st gold 7 s .. 1900 M- X 108% Sale 108% IC8 %
1st con g 4 a . .............I9 6 0 ; J - J 100% Sale 10 0 % 1 0 1 %
>7S4 10854 K C A MRAB 1st g a g 5s. 1929 A -O
1st o o n g 434s.............. 1938.1 - J 10 b% Sal© 108% 10 SM 23 I0#w 1 1 1
08% Sale
K C P A G 1st A ool g 58.1923 A -O
Improvement gold 5«. 1927 J - D
103%
Kan C A Pan. See M K A T.
103
SSJ4 103
Des M A Ft l>. See C R A I P.
Kansas Mid, See St L A 8 F
Dea M A Minn. See Cb A X W.
Kentucky Cent. See L A N .
Das M Cn Ry l s t g 5 s ... 1917 M- N .................... 10 2 Oct-’ 98 . . . . 97 10 2
Keok A Des M. See C R I A P.
Det MATol. See L 8 A M So.
Kings Co El ser A 1st g 5s ’ 25 J - J
70 Sale
Rat A Mack lfitta n g 4*.19«5lJ - D
CO
Ful El 1st go g 5s aer A .‘ 29 ill- S
Gold 4 s . . . , ...............,,10051.1 - D
Knoxville A Ohio. See So Ry.
Dal A D on Range 1f t 5s. 1937 A -O .............. ... 1 0734 10734
5 104 11034 T ake Erie A W l s t g 58.1937 J - J
, 104
Registered.................... 1937 A -O j .................... i.........
i j 2d gold 5 a .......... ...1041 J - J
2d lien mortgage 4 s ... 1916 .1 - J
........ . . . . . .
North Ohio 1st gu 5a.. 1945 A -O 101 Sale
Dal Red W A S 1st g 5*. 1938! J - J ..............
L 3 A M S. See N Y Cent.
92% Feb.’ 98
0234 9 2
Dal So S boro A A t g 5s. 1037 .1 - J ................ . 1 1834 Dec '98
101
1 1 3 !,1 ; Leh Val (Pa) ool! g 5a .1997 Jl-N
o Minn.
Registered ....................1997 M-N
Ka s t Tf Va A Ga. See.8o Ry.
ast
Leh V N Y latgug434s.. 1040 J - J
Bils Lex A B S. See C A O.
R egistered.......... .....1 9 4 0 J - J
& m Cort A No. Sr^LehANY.
Leh V T e rR y lstg u g 0al941 A -O
Registered . . .,, ,,. ,., .1 0 4 1 A -O
119 117 Jan,’90
E rie 1st ext g 4s.......... ,.1947 n -N
1 112 116
1
2d ext gold 5s........ ,,,.1 0 1 9 M- H 121
11634 11934 L V Coal Co lat gu « 5 a . 1933 J - J
11934 Aug’ 98
3d ext gold 4>4*.......... 1023 >1-8 1 U
108 113
Registered.. . . . ............. 1638 J - J
1112 Nor*98
4th ext gold 5 e........1 9 2 0 , A - <
1
1,113 11834 Leh A N Y 1st gu g 4s. ..1945 M -8 * 91% 93
5th ext gold 4a............19 2 H J - D 103% . . . . . . 104% J'ne'OS
1104% 105
Registered............,.,..1 9 4 5 M- a
7 138 14754
145
El C A N l s t g 1st pffls. 1914 A -O
1st consol gold 7 S .....1 9 9 0 M- 9\ 145 3al* 145
*
U 8% [43 D e c'08 , . , , 140 143
Gold gaar 5 s . , . , . . . , , 1914 A -O
l i t consol gold fd 7 t .. 1020 M- M
133%139
Leh A Wllkeab. See Cent NJ.
Long Dock con gold 9a. 1935 A -O •140 . . . . . . 139 ^ep.'9S
Buff N T A Brie 1st 7a.l910 J - D •131 . . . . . . 133 J’ne’ 98
1133 133
Leroy A Caney YaL See Mo P.
BaffA 3 W gold 6 « ,...1 9 0 « J - .1
Lex A t A P F. See M etStR y.
Lltoh Car A W lst g 0s.. 1910
Small ..................................J - J
L R A M ls t g 5i 1937 Tr otfs.
Jeff RR 1at ga gold 5». 1900 A-O]
........ 36
Nov'98
108 100
22 1108 118K Lone
Chic A Krto 1st g 5 s .. .1982 M-N ♦Ua%
113
’
See Erie.
Long isl'd—1st con g 5s. 1931 Q-JS -........... 122
Coal A RR 1st c ga 8s. 1922 >l-N
1st con g 4a .................1031
100 .......
Dock A Imp lstcu r6 s.l9 1 3 ,J - J
N Y A Green L g u g 5 s.l0 4 6 .>l-N *107
General gold 4 a.......1 9 8 8 i j
97
99
F
0<rt,’98
107 100
.. ..1 0 9
99 Sale
Ferry 1st gold 4>4a. . . . 1022 M -S
Sm all......................... ...............
Gold 4s........................1 9 3 2 J - D
92)4 Bale
Erie 1st con g i s pr bds.1990; J - J
02*4j 1 °2 8454 9434
9234
95
Registered............... 1096 J - J
Debenture gold 5 a . . . . 1934 J - D
N Y A R B l s t g 5 s ....1 92 7 M -8
7334] i i a
1st eon genlieng 4a....l90rt J - J 78H Bale * 734*
80
78
2d I n c o m e ...........1 9 2 7 S e p
R egister*!........ ........1996; J - J f
N Y B A M B con g 5s.. 1935 A -O 100% .
N Y 8 A W—lat ref 5*. 1937 .1 - J 107)4 Sale 107
107)4 18 99 111
Bklyn A Mon 1st g 0s. 1911 M -n
ad gold 434*..*.*....... 1987! F - A .................. . 9234 Aag'ttS;
8444 0234
1st 5s................... ,...1 9 1 1 31- 8
General g 6*.......... 10401F- A
95>4 8ale
95)4
98
I 32
98
Nor B h b la tcon g g u 5 s..'3 2
Terminal 1st g 5a.. . . 19431H-N f HO ........ 1 1 1 Got.’ 981
109H111H
N Y Bay Ex R ls t g u g 5s’ 48 r . 3
R egia25.0 00 eeoh.1948 M-Nl
Montauk E x gu g 5s. ..1945 j - j
WilkABaal stgn g 5sl942! J - D 1 100 Bale
■9334 i b l i i
9894 ib o ' !
L a A M o R iv . See Cfat A Alt.
,11454 132
123 ! 132 D e c’ 98
Mid RRofMJ I f t g 8sl910| A - O
L E A St L Con eng 5s. 1939.
Esesn A L Sap. See C A N W.
Tr Co c e r ts ..................... ...
KarekaSprings 1st g 6s.l933|F - A| .. .
......... 85 Not ’ 97 .
General gold 4s........... 1943 M -8
1112 123
S t A T II 1st coo 6s....... 1931 !J - J *120
........ 1123 D ec’ 98 .
^ 82 101
L ou A Nash—Cecel Br 7sl907 M -8
1st general gold 5 s ,,,. 1042 A -O • ....
100H 10034 100)4'
125
N O A M l s t g 6s.........1980 J
Mt Vernon 1st 6s.........1923 A -O
•\>
2d gold 0 8 .,............... 1930 J - J 110
Bull Co Br'ch ls t g 5f,.1930 A - O
E H A Nash ls t g 0s... 1919 J - D
E rA In dlat con gu g 0B..1020 J - J
7734 103J4
T Sale j
General gold 03........ 1930jJ-D |
Fargo A So. See Ch M A Bt P.l
75
W eek's
R ange or
L a st Sale.
Rang@
fro m
Jan. 1.
L ow . H igh .
121
122
100U 101M
10 13 *
102
Loto. High
105
So
110
35
83
M ar’ 98
86
104
63«
5
100
99«
106 Dec ’98
97 D e c’ 98
98%
121%
101
102%
65
87
54% 66%
31
88% 90%
106 108
92
97
98%
88
106
112% Nov’ 9 8
112% Nov’ 98
102 Oct.’ 98
102% Apr.*98
109%115
108% 112%
102 105
101 102%
105% 100
102 D ec’ 98
103
103
101 Mar’ 98
100% Sep.’ 98
13 100 105
102 108
97% 103
L01 101
100% 100%
103
N ov’ 9S
' 94%
101
*9*431
’ 82% D e c ’98
94”
*94%
105
92% 96
78%
19
88
92% 96
D
1 24
0
12
0
•No price F r.o.y ; t,he,e ara latest bid and aaioO thla wook. i iload . dao Aosiast.
O U T S ID E
S E C U R IT IE S
G a a S r c w r l ll s a .
C ity Ga* \Norfolk V a )....
Bid.
35
$100
City H A L <P si orta) 5».
71
Colombnf (O) Gae—Stock
1st 5« 1933............. JA,f $108%
15%
Cone Mid G « i ( N J ) —Stck
77%
- l « t 5s 1 8 8 * 1 ......... JAJ
67
Bv^nd* 5 f ...............
111%
Cooinrm Gae (J City)—Stk 85
1ft. 0s......................MAN 105
a.srrAt GM—tUf N r B id h. lift.
(G
it k k
at toot of
Bid,
G n a H w n iit lf* » .
I Fort W ayne (Ind)—Sto ,*k 07
78
I l i t 0s 1925............... JAJ
04
Grand Raplds—Stnck.......
94
72 ! 1st 5s 1015..............FAA -}103
Hartford iCt) Gas L .. .25 t 42
105
16% Indiana NatA 111Gas—Stk 49
70
1st 6s 1908 ------ MAN
80
98
Indianapolis Gas—Stock.
38
1st 0s 1 0 2 0 ,.. . . . . . MAN 105
58
! Jersey City Gas L ig h t... .
Laclede Gas—N Y Stock Excb.
88
j Lafayette (Ind) Gas—Stk 08
no
78
I t «t. Am
...M A N
Ask.
38
1
i B ond, due April.
,
120
123
120
Sep.’ O
i
115% 125
123 123
IO434 D e c’ 98
t00% 104%
94% D e c’ ^
90 N ov’98
93
90
94%
90
103
105
124%
97
103
116
78
44
97
105
105
123%
93
01%
107
65
81%
102 %
105
124%
93%
00%
107
68%
!?*
110
09% 255
52
60
ll*
Jan.’O
O
116% Jan.’ 99
104
104
101
102
L15
96
100
104
Aug1
98
104
L 0 e" D e o ’ 98
99
120
106
102
104
1 00 *
io " iis"
?
L1S% 113%
L09% J ’ly ’ 97
02% M ar’08
Vaa " 9 * *
V "a
i" » ”
91
Oct.’ 98
101
Sep.'97
83
Deo ’98
29
34
124
D eo'98
117
124
98%
99
99
99
I I *88
D e c ’ 08
98
98
i b o " NoV’ 08
100
102«
98
51
5
106
129
111
117
117%
S3
7
Dec ’98
Nqv’97
D e c’ 98
D ec’ 98
Nov’ 08
H 7%
Bonds due January. £ Bonds d n oJ oly.
120*129
106 111
113 113
119*121
aOpfctousale
7 consecutive paobs).— G A S S E C U R IT IE S , &o
Ask. [|
G n s Seen ritl«*«.
Loganspt& Wab Val—StK
70
81 1 1st 6s 1925 ............JAD
90
Madison (W is) Gas—Stole
104
1st 6a 1926............ A&O
. ....II Ohio A Indiana—S tock..
52 (j 1st 6a 1926 ............JAD
Peoples Gaa A Coke—N Y
72
102K Philadelphia Co—See Bos
106H St Joseph (M o ).,...
5s 1037.................... JAJ
St Paul Gaa—Stock.
Consol 5s 1944 .. . .MAS
70 j
80 1 iTTAmiBfl Gafl—Stnrdr
Bid.
50
71
»o a
$100
50
09«
Stoca
ton L
89
9S«
49
$ 85
19%
Ask.
52
71X
01
103
52
71
Exch
ist.
40
07
51
86
22
G as S ecu rities.
Syr’seGas— i#t 5b ’ 46.JAJ
Western Gaa (Milw)
5s—See N Y Stock Exch
T e le s . A T e le p h .
American Diet Tele—NY
American Tel A Cab—NY
Jentrai A South Am er.. ..
Jhes & P oto Teleph—Stk
Bond 5 s . .,.............. .
Oommerclal C a b le ........
’ ommer Union Tel (NY).
E up Ire A Bay State T e l..
3And interest. fPrioe
Bid. Ask.
80
85
92% 94
list.
Stock
Stock
109
55
103
175
Exch
Bxch
111
00
105
118
80
75
per sh are
BONDS
11?
H . i J9TOCK E X C H A N G E I J i t
W k k k E n d in g J a n . 13.
C H R O N IO L K —-BOND PRICES (5 pages) Pash &
P rice
F rid a y,
J a n . 13.
W eek’ s
R ange or I s
L a »t Sale. | 3
B id. A sk. Lov>. H igh . No
L oo X Nash (Con.)
1 034 Sep.'O
Pensacola dir gold 6 s.l9 2 o M -8
125 D ec’ 98
0t L dir ls t g 0s.......... 1921 M - 8
lid gold Ss...................1080 .11-8
.f 107 Nov’ 08
Nash X Lee 1st 7a....... 10 0 0 J - J
Sink fd (8 4 A ) g 0 8....1 01 0 A -O
103% N ov’ 98
6 A N A oou gu g 5 b. . . . 1030 F- A
Gold 5s..........................1037 U N 107 ........ 108 Jan. ’09
90
Unified g i s . . . . .............1940 J - J
0 0 4 Sale
964
Registered.................1040 J - J
112 Jan/00
Pans it Atl 1st gu R08.1021 F- A i •111
108
Coll trust g 5s.............. 1931 M -N ' ‘ 1 0 7 % ....... 108
109 ....... 108 Jan. *99
LAN A MXM 1st g 4%* 1945 M
j 08
N Fla A 8 1st gu g 5s .1 9 3 7 F- A •1074 108 108
90 .......
91
91
Kentaoky Cent g 4 s... 1987 J - .J
108 Jan/98
L C ln A L e x g 4 % s ....l9 3 l M-N
L A Jeff Bge Co gu g 4s. 1945 M -S
L S A X C. See C 1 A L.
109 Mar’ 98
Louis R j Co Istoon g 5s. 103' ,J - J
41 ahon Coal. See LS X M S.
£0% Sale
I'Aauhattan By oou 4s. 1090 A -O
9694 10°
Metropol Kl 1st g 0s... 190S J - J ti5 % 1104 118% D e c'98
2d 0s.......................... 1890 M-N 102)4 Sale 102% 1 0 2 4
Man 8 W Coloni* g 5 s ... 1934 J - O
Market St C By 1st g 08.1013 J - J
MoK’ p t A B V . Seel* MoKAY
Metropolitan Kl. See Mae Ry
Mot 8t Ky geu c tr g 5a.. 109 .. F - A 121 Sale 11954 121
122 %
B wayA7thAvlstcg 5s.l94:< J - 1) 122>4 Sale 122
R egistered................1943 J - l>
1254 125%
ColAOthAr Istg u g5 s.l00 3 M -S 125,4
R egistered................199s MLsx A t X P F 1st ga g 5s.'93 M- s* 1254 Sale 1 254 120
Registered....................... M- S
Msx Cent con gold 4 s ... 1911 - J
.................... J
38% Jan/99
1st oon Income g 8b. . .1039 J’ ly;
2d con income g 3 s .. ..IW j
\-0
Equip A coll g Gs
Mex Internat 1st-i tr ' ».'7 M -S
9t% Sale S 44
954
Mex Nat 1st gold 6 b...... 102 J - L
2d Inc 0b A C p stmpd. 191' M-S*
2d Income gold 0b B..1917 A n.:
0 4 D e c ’ 98
97 Feb *97
-lox North let g<$id 0a. .1910 .1 - 1>
Registered.................. 1910 J - l )
Mloh Cent. See N Y Cent.
Mid o f N J. See N Y Sub A W
MU Kl Ry X L80-yr g 5b. 1920 F -A 102
101% Nov’ 98
M J .S A W . See Chic A N W
Mil X Mad. See Chic & N W
Mil X North. See Ch M & St P
Mil X St P. See Ch M A S t P
Min A St L gu. See B C R X N
Minn X St L—1st g 7 b .. 1927 J - L 145
146
140
litc o u s gold Ga.......... 1934 M-N 109
1 094 D e c’ 98
lo w a e x lB t gold 7a... 1909 J - l ) 124 128 125 O ct/98
South West ex 1st g 7 s/1 0 J - D 125
Pacific ex 1st gold 0s . 1921 A -O
, 130 128 Dec *98
M A P 1st 5b st 4s ln tg u ..’30 J - J
M SSMAA 1st g 4a Int gu .’20 J - J
M StP&SSM cong 4a Int gu’38 J - J
Minn St Ry 1st con g 5a. 1919 J - J
Minn On. See St P M X M.
Mo Kan A T ex—l8 tg 4a .l9 9 0 J - L
929*
93% Sale
91% 400
2d gold 4s.....................1990 F-Ai
70 Sale
074
704 0 2 2
1st exten gold 5a........ 1044 M- N 84 Sale
10
84
84
M K A T o f T lstgu g 5s.’ 42 M- (4 87 Sale
47
87
89
K C A Pac 1st g 4b. . . . 1990 F- A
0
79 Sale
79
70
Dal A Wa 1st gu g 5b. 1940 M-N
87% Sale
874
87% 10
B oonevB dgC ogug 7 a..’ 00 M-N
Tebo A Neosho lBt7a. 1908 J -D
Mo H A H lBt gu g 5a... 1042 A -O 103 Sale 103
103%
Mo Pac—1st con g 0a. ..1920 M- N 111% 8ale 108% 112
3d 7 b............................1900 M- N 1164 Sale
1154
154
TruBtg 5b.....................1017 M-S1
91
93
93
924
Registered...............191 M-St
1st coll gold 5 b............1920 F- A
915* Sale
00
91%
Registered................ 1920 F- A
Pao R o f Mo la te x g 4 a .’38 F -A * !!!!! 1084 1074 J a n /99
2d extended gold 5s. 1938 J - J
1 114 D ec’ 98
Verd V 1 A W 1st g 5 a ..’20 M -S
Leroy AC V A L 1st g 5a '26
J
S tL A lM t la tex tg 4 4 a /4 ? F-A§
108 D e c’ 98
2d e x tg oa................ 1947 M-N 1 00 % .
106% j 0 0 4
Ark Branch ext g 5a. 1935 J - L
100 D ec’ 98
Gen con ry A Id grt g 6b ’ 3 1 A -O 107% Sale 105% 109
Geu con stem pgtdg 5b ’ 31 A - o 102
101 D e c’08
MisaKlvBdge. See Ohio A Alt
Mob A Birin prior lien g 5b.’ 45 J - J
Small.................... .......... J - J
Income gold 4s........... 194 J - J
Small...............................
Hob A Ohio new gold 0 b. . ' 2
- D 125 129 125
125
1st extension gold 6a. 1927 Q-J 2 1 1 8 4 ......... 110 D e c’ 98
General gold 4a....... 193b M- S
84
8 4 4 Sale
85% 120
Montgom Dlv 1at g 5a. 1947 F -A 1 0 7 4 ....... 108
108
3
8> L A Cairo gu g 4a .. 1931 J Mohawk A Mai. SeeN Y C & U
Monongabela Riv. See B & u
Mont Cent, See St P M & M.
Montauk Ext, See Long Is.
Morgan's La A T. See 3 P Co.
MoitIb A Essex. See Dei LAW
132
182
N ash Chat A St L jlst 78/13 J -- J 132
2d 0 b................... 1901 J J
105% Nov’ 07
1st con gold Gs............ 1928 A -O
108
108
1st 0 »T A P b .............. 1917
J
1st 09 MoM M W A Al. 1917 J - J
1st gold 6s Jasper Bch.1923 J - J
Nmih Klor A 8hef. See LAN
New 11 AD. SeeN'VN U AH
N J June RR. See N Y Cent.
N J Southern. See Ceut N .1
NewAClnBdge. See Penn Co
NO AN E prior lien g 0s. 1915 A.-01
N Y B A Man Bch. See L I.
N Y Bay Exten HR. See L 1
.
N Y Cent A II R—Iat7s.l903 j - j 1 154 Sale 114% 1154
Registered............... 1908 j - j 114% ....... 114% Jan/99
Debenture Gsof. 1884-1904 M- S 110
110% D e c’98
Registered — 1884-1904 M -S 1 0 9 % ....... 110 D e c’98
....
.....
....
N.>Prio.i t r i l i f : thesonre latest. DM ana asked till. week,
O U I S ID E S E C U R I T I E S
T t It b . & 'IV Icp h .
Brie Teleg X Telephone..
t ran kiln ............................
Gold X Stock.....................
Hudson Riv or Telephone
Intematlon Ocean...........
Mexican Telegraph..........
Mexican Telephone.... 10
New Eng Telep—See Bost
Northwestern Telegraph.
N Y 4 N J Telephone....
3 . 1920.................. MAN
Pacific A A tla n tic....* ..,
Bid. Ask.
77% 78
40
P0
115 120
70
1 12
200
t 1%
on lie!
115
154
110
75
80
118
205
150
113
80
(Given
R ange
fr o m
Jan* 1.
P r ic e
F r id a y ,
BONDS.
N. Y. STOCK EXCHANGE
J a n . 13.
W eek E ndino J an. 13.
[Vol. LXVIII.
W eek's
Range or
L a s t S ale.
B id. A s k L ow . High,. N o.
N Y Cent (Con.)
Reg deb 5a o f .. . 1889-1904 M -S 1 0 9 % ....... 1 0 9 4 flep/97
Debenture g la. .1890-1905 J -D 1 0 5 % ....... 104 D e c ’98
125 125
Registered.......1890-1905 J - D 105% ....... 104% F eb /9 8
D ebtcerts ext g 4 a .... 1905 M-N 1 0 5 % ....... 105% 1054
105 107
Registered.................1905 M-N 1 0 5 % ....... 104% J’ne’ 98
Bale 110% i l l
G 3 4 a ............................ 1997 J - J i l l
94 103%
Registered.................1997 J - J 1 0 8 % ....... 108 N ov’ 98
100%107
99% 1 0 0 %
Lake Shore col g 8 4 s. 1998 F-A 100% Sale
83
98
99% 100
09%
094
R egistered.......... ...1 9 9 8 F-A
99% Sale
98% 100
Mich Cent coll g 3 4 a .. 1998 F -A
9 0 4 111%
93 N ov’ 98
R egistered ............... 1998 F-A
1 0 1 4 108%
108
Harlem 1st 7a..............1900 M-N 1 064 107% 108
108 1094
106% D e c '08
R egistered................1900 M-N 107 .. .
8 7 4 1044
103 May’97
N J June R gu lat 4a .1980 F -A
85
92
R egistered................1980 F -A
103 103
112
W est Shore 1st 4s g u .2301 J - J 1 114 Sale 1 1 0 4
110% Sale 109% U 1 4
Registered.................2361 J
Beech Crk 1st gu g 4a. 1936 J - J
108 N ov’ 98
103 109
100 J’ ne’ 98
R egistered................1936 J - J
2d gu gold 5s............1936 J - J
90
984
Registered.................1936 J - J
114% 1194
Clearfield Bitum Coal Corp
101 105
95 J’ ly ’ 98
l s t s f int gu g 4s ser A /4 0 J - J
Small bonds series B . /40i J - J
Gouv AOswe 1st g u g 5 a /4 2 J - D
1304
130%
R W A O gcon lo te x t o s /2 2 A-Oi
Nor A Mont 1st gu g 5 a/1 0 A - O
108%119
R W & O T R lstg u g 5s. 18 M -N
1 144 122%
Oawe A R 2d gu g o s .. 1915 F-A 5
Utica A Blk Riv gu g 4a.’ 22 J - J
116 123%
107 A u g’ 98
Moh A Mai lat gu g4a. 1991 M -S
Cart A Ad ls t g u g 4a. 1981 J - D
117 125
N Y A Put l8 tco n g n g 4 a /9 3 A-O
N Y A North la tg 5s.. 1927 A-O
00
004
1204 1 2 3 4 D e c’ 98
Lake Shore A Mich South—
Det Mon A Tol 1st 7sl9O0 F- A
121 A p r /98
Lake Shore dlvid 7s. 1899 A - O
1 0 2 4 Dec ’ 98
Consol 1st 7s........ 1900 J - J
70% 85
108 O ct/98
R e gistered .........1900
1 0 5 4 J an /99
JS
Consol 2d 7s.......... 1903
D 1 1 6 4 ...... 1 164 Jan / 9 9
R egistered.......1 9 0 3 J - D * 1 1 6 % ....... 11 6 4 J an /99
64
6%
Gold 3 4 s .............1997 J - D 107 Sale 1 064 107
R egistered.. . . . . .1997 J - D
106 J an /99
CinA 8 1 stgL S A M S 7 s’ 01 A-O
1084 D ec’9
K A A G R 1st g o 58.1938
J
Mahon C’l R R 1st os. 1934 J - J
10 14 10 14
1*2*1** O ct/98
Mich Cent—1st con 7s 1902 M-N 1 11% 112 1 11 4 D e c ’98
1st oon 5s.................. 1902 M -N *1G4% 107 1 04 4 D e o ’ 98
6 a.................................1909 M -S
122 F e b /9"
5a.................................1931 M -S 126
1 2 1 4 J’ne’ 9
126
R egistered............1931
1 25 4 J an /9 8
142 4 1 43
<a.................................1940 r )
106% F eb /9 8
R egistered.............1940 j - j
1004 n o
108 J an /98
125 125
Bat C A St ls t g u g 8s.’ 89 J - D
N Y Chic A St L ls t g 4s.l937 A - O
Sale 100
1004
R egistered....................1987 A -O
128 128
. 1 044 104 N ov’ 08
N Y A Greenw Lake. See Erie
N Y A Har. Nee N Y C A Hud.
N Y Lack A W . See D L A W
N Y L E A W . See Erie.
N Y A Man Bch. See Long Is.
9 2 4 N Y A N E . See N Y N H A H
57
084 N Y N H A Hart ls t r e g 4 s /0 3 J - D
1 0 4 4 O ct/9
Convert deb certs $1,000 .. A - O
88
174
174
Small certfs $ 1 0 0 ............
174 J an /99
8 “ 394
70
Housatonic R con g 5g.l937 M-N 125
120% A u g’98
N H A Derby con 5s. ..1918 M-N 125% .
884
N Y A N E 1st 7s.........1905 J - J
120% 1*2*6%
1st 0a.......................... 1905 J - J
110 D e c ’ 98
034 1 0 2% N Y A North. See N Y O A H.
93 110% N Y O A W con l s t g 5s. 1039 J - D 106 ....... 100 % 1 0 0 %
1034 114%
Refunding l s t g 4s---- 1992 M-SII 104% Sale 104% 105%
65% 92%
Regis $5,000 o n ly ... 1992 M-SU * 1 0 1 4 ....... 1 0 1 4 N ov’ 08
N Y A Put. See N Y C A H.
60
9 0 4 N Y 4 R B . See Long Ial.
N Y S A W . See Erie.
100** 107
N Y T ex A M. See So Pac Co.
1054 1114 North Illinois. See Chi A NW.
North Ohio. See L Erie A W.
Northern Pacific—
Gen 1st R R A L G s f g6 s/2 1
115% .
107 1104
1 14 4 1 14 4
1024 107%
Registered..................1921
117 Oct ’ 98
St P A N P gen g 0s. . . 1928
102 108
13 L
131% D e c ’98
Registered o t fs ...,..1 9 2 3
80 1054
130 S ep/98
Prior lien r A 1 g g 4s. .1997 Q 80 101
102% Sale 1 0 1 4
L0 2 4
Registered..................1997
1 0 0 4 Sep/98
General lien g Ss.........2047
69% Sale
6 8 %.
09%
Registered ................ 2047
Wash Cent 1st g 4s -. . 1948
88
D eo’ 98
Nor Pao Oer Co 1st g 08.1938
’
115 Sale 115
115
1 1 8 4 1 2 5 4 Nor Ry Cal. See Cent Pac.
N orW is. See O St P M AO.
110
116
70
834 Nor A South l s t g 5 s .... 1941
102 J’ne’ 98
9 7 4 106
Nor A West gen g 6 s ... . 1931
127 D e c ’ 1 8
New River 1st g 6 s ---- 1932
123 N ov’ 98
Imprvmt A ext g 0s. . . 1934
1 17 4 A ug’98
C O A T Is gu g 5 s ... .1922
101 F e b ’ «7
Sclo VAN E lstg u g4s. 1989
. 97
904
06%
N A W Ky ls tc o n g 4s. 1990
Sale
884
90
R egistered ................ 1996
Sm all.......................... 1990
138 133
Nor A Mont. See N.Y.Cent.
g A L C h lat con 0s..1920
lOO” 1074 O Incom e.....................1920
Income small.......... ...........
O I n d A W . S e eC C C A S tL .
Ohio A Miss. SeeBAOSW.
Ohio River RR 1st g 5a..l930 J - D
102 J an /98
General gold 5s............1937 A - O
Ohio Southern 1st g 0a..1921 J - D
84 Sep/98
General gold 4s........... 1921 M -N
Sep/98
Eng Tr Co ce r tfs ..............
8 4 Sep/98
Om A St L 1st g 4s.........1901 J - J
78
80
80
Ore A Cal. See So Pac Co.
Ore Ry A N a v ls t s f g 08.1909 J - J *113 ....... 1 1 3 4 H S 4
1 1 3 4 1 1 9 s Ore RR A N ar oon g 4s.. 1940 J - D
10 14
1 0 1 4 Sale 10 0 %
1134 119
Ore Short Line 1-it g 6 s. 1922 F - A 1 30 4 Sale IHO
131
100 118
Utah A Nor 1st7a '...., 1908 J - J
121 J’ne’ 98
mo
in%
Gold 5s.......................1020 J - J
102 May’ 97
Low . H igh.
t Due Jan.
» Duo July.
a t fo o t o f
7
ilD naJnne.
c o n s e c u t iv e
5 One May.
T e le g . A: T V lp p h .
Bid. Ask. 1 E le c t r ic C 'o in p a u le e
Southern A Atlantic.........
94
Weat’n Union Teleg—N Y Stock Excb Electro-Pneumatic..........
Fort Wayne Kleo. C o ..25
175
50
To*
15
Exch
Exch
14
30
General Electric CO—N Y
Do pref.—See Boston L
Hartford (Ct) E lecL t Co.
H artf’d(Ct) LtAPo*C o25
Mo Edison Electric..........
Do preferred..................
Narragan. (Prov)El Co.50
New Hav (Ct) Elec Lt Co
Rhode Island Kr • Pro Co.
dm
A ba
4o
125 140
44
22
24
60
0L
1x84
185
x l l 8 4 125
t
Not .
Range
fro m
Jan. 1.
L ow .H ig h .
102
100%
104% 104%.
1004 1004
104
105%
104%
94
93%
914
91
1 05 4
104%
105
110
10S
90%
97
984
93
109%
100%
102% 113
1014 1124
108
106
108
100
1194 1304
107
107
123
120
121
121
110
1 02 4
122
121
1 25 4
106
108
1 154
107
123
127
1 25 4
100
108
100
107%
*04
104
143 173
145 1 7 2 4 126% 120%
i i 9 * ‘ i*2‘ i 4
113% 110
1 05 4 1 °9
96 U»5
1 014 1014-
112
112
124
119 H
119
18181
130
90% 103
93 1 01 *
70
57
88
104
90
116
102
120
118
117
105
127
128
110%
97% .
90
82
74%
102
102
80
8S*
IB
8
14*
&
111
89
118
1S1
8*
118
101«
181
181
a These are option sales.
TEL. & ELECTRIC, &c.
Bid.
Electric Compantea.
Allegheny Co Light C o ... !«*}<
Brush Electrlo C o............
40
Br’dgprt (Ct) HI Lt Co.25 t 40
Consol Electric Storage..
9V4
Kddy Electric Mfg Co..25 t 13
Edison El 1 1 Co NY—N Y Stock
1
Edison El 1 1 Co Brk—N Y Stock
1
Ediaon Ore Milling Co... i u
Edison Storage Co............* 23
1
p a g e s ).—
CD
XHK
70
la c t r l c C o m p a n ie s . Bid. Ask.
Toronto (Can) Elec Lt Co. 1S5M 1 3 0 *
Thom-Houst W elding Co.
100
Onited Elec Lt&P Co pref
12
18
B ond s................ ............
83
85
■voonsocket (R I) El Co.. 100
•••
••■
F e rry C om panfc*.
■
t’klyn <s N Y Ferry-Stock
40
39
Bonds.............................. § 04
94J£.
Metropolitan Ferry—5s.
110 115
N J & N Y Ferry—Stock.
1st 5s 1948............. J&J n o s 100
SAnd interest, tPne per sL are
THE CHRONICLE-BOND P IC S (5 p
R E
ages)
JAN. 1 4 ,1 8 9 9 .]
a .y .S T OBONDS.H A N G E
CK EXC
t?®J£A K n d w q J .es. 13
{*
P r ic e
F rid a y ,
Ja n . 13.
Weed's
-jiN
M ange o r
s i
L a st Sale. Q-Q
B id
A ik . L ow .
Ore Bh L—lat oon g 5s.„. 104ft!J - J 109% Sale 103
8 4 * 86
Non-cum lnc A 3 * ...... 10401Sep. i
85
86
Nou-cu lnc B A col tr.. 1048 Oct. i
06 Sale
Oiwego A Korn®. 8ee N Y C
0 O f A St P. See C A N W ;
PscCo&dtCo— 1st j?oa. 1048[ J - D 1 06 # Sale 105*
a c o f Missouri. See Mo Pac,
Panama I s t s fg 4 # a ___10T7IA-O
B f subsidyg 8 a.. ..,..1 9 1 0 M -N
1 18#
PannC o gu 1st g 4 % s ...l9 2 l J - J
110
Registered..............1 9 2 1 J - J
102
Qtd3 %scol trust reg. 1937 M -8
P C C A St L con ga g 4 # » —
1 14 #
Series A .....................1940 A -O
111#
Senes Bgu&r............1942 A -O
Series C gaar........... 1942 M -N
’
113
Senes D 4s guar.......1945'M -N
107
107#
Pitta Cin A St L i l t 7s. 1900 F - A
B o ls te r e d ..................1900 F - A
,1 0 9 #
Pitta F t W i C 1 st7s. 1912'J - J
138%
141
2d 7s............ ...............1912 J - J
M ange
from .
J a n . 1.
H ig h , N o.
1C9% as
£6
2t
66
29
Page
Price.
F rid a y ,
B O N D S .
N .y . S T O C K E X C H A N G E
W e b k E n d in g J a n . 13
4,
Jan. 13.
B id . A sk.
Sav F A W 1st con g Se.1934 A - O
l s t g 3 s..
.1934 A - O
35#
6 7* Scioto Yal & N & See Nor & W
Scab & R oa 1st 5s — . . . 1926
Sea & B Edge. Sea Bklyn EL
32
106M 3 2 :1 0 2 107* Sod Bay A So 1st g o s .. .1924 J - J
So Car A Ga 1st g 3 s .. . ,1919 M-N 104 Sale
Southern Pacific C o Gal Har A S A 1st g 6s.l910 F - A 107 . . . . .
J uil.’99
108 118
2d g 7s........................ 1905 J - D
J ’i y ’ 98
110 110
M ex & P a cd lv l s t g 5s. '8 1 M -N 1 01 # Sale
N ov’ 98
102 103
Hons A T C 1st W AN7a.*03 J - J
1st g 5s int gtd .........1937 J - J 110 .......
Jan.’ U . . . . 1109# 1 14#
O
Con g 6s lat g t d ....... 1912 A - O 112
Oct.’ 9 8 ............ .. 118%
108
G ang 4s rn tg td .......1921 A -O
8 7 # Sale
Nov'9S . . . . 113 113
Morgan’s La A T 1 at g 6s. ’ 20 J - J 124 .......
D e c’ 08 . . .. 104 107
1st 7a.......................... 1918 A - O 138 .......
JazL’ 90 ___ 1 00 # 108
N Y T A M exgu ls t g 4 s.’ 12 A - O
A pr'07! . . ..
Ore A Cal 1st gtd g 5s. 1927 J - J
9 9 # Sale
Jan.’ 99 . . .. 140” u i "
9 A A A Pass 1st g u g 4 s.’43 J - .1 8 0 # Sale
N ov’ 98 . . .. 140 141
T ex A N O 1 st7s.........1905 F -A
Sabine div 1st g 6s. .1912 M -S
C St L A P 1st Con g 5s. 1932 jA - O
........ 1 12# Ap^’ 97
Con g o s ..................... 1943 J - J 1 03# Sale
R egistered................1932 A -O
S o P o f A rgu l s t g 6s.’ 09-10 J - J! 110 .......
j-.v r A Pitts con a f 78. 19001M- N ’ l ‘)8 . . . . . . 1 0 7 May’98 ___ 107 109
S P o f Cat l s t g 6 s.’ 05-12 A - O
G en ga g4 # sa er'flA .19 4 2 J - J
1st con guar g 5s.. 1937 M -N 1 0 0 * .......
Series B...................1942 A -O
A A N W 1st g u g Sa.1941 J - J
9 3 # Sale
Brie A Pdt gu g 3 # s B.1940 J - J
3 P Coast 1st gu g 4s.. 1937 J - . I
Senes C . . . . ............19 4 0 JJ - J
S Pac o f N Max 1st g d s.’ l 1 J - J
Gr RA1 ex 1st g u g 4 * s. 1041 J - J
South Ry—1st con g 3s. .1994 J - J 1 05# Sale
AUegh Val gen g u g is. 1012 [M -S ; ........... .....1 1 0 2 N ov’97
R egistered................. 1994 J - J
N £ C B dgegen gag 4*s.'4 5 : J -.1
Mem Dlv 1st g 4-4#-5sl996 J - J l o o #
F s c n S R lat real «s g 4«. 19 23 jM-N ....................'108 May ’97
R egistered ................1996 J - J
C oc sterling g 8a.........1905'J - J j
E Ten reor lien g 4-5s. 1938 M -S •i’o a ” id s
Con carrency 8a reg.. . 1905:Q-M \•
R egistered.................1938 M -S
Con g 3 s ....................... 1919 M -&
A la Cen R 1st g 0s___ 1918 J - J
Registered.................1ft1ft Q A tl A Ch A ir Line lnc. 1900 A - O
COng is ........................1945 M-N
Col A G reenf 1st 5-0S.1916 J - J
Cl A Mar lat ga g 4 #s. 1035 >I-N
E T Va A G a 1 st7 s ....1900 J - J ......... 100
O N J RR A Can gen 4*.1911 .>I-S J l i t
’
. . . . . . i l C # Feb.’ ftS . . . . i i s * i i 5 * f
Divisional g 3s. . . . . . 1930 J - J . . . . . 1 17 *
D R R R 4 Bgp ! nt ga 4s* /S « F- A
Con 1st g 5 s ............. 1956 M-N I l f # .......
Son & Lewis 1st g 4s. .I 9 3 » lj - .1
Ga Pac Ry 1st g 6s. ...1 9 2 2 J - J 120
PWMUfceois A A u 8*4 L A Niw h i
K nox A Ohio l s t g 0s .1925 J - J 117 .......
05 100
90 Dec ‘08
Peo Lee A ft. ia tg d str rec.’20|.l - J
Rich A Dan con « 0s. .1915 J - J .........124#
95 101*
15vans LIv ls tg d * trr e c.’20 M - IS 98
0 1 # 04 Dec *98
94
06
Equip sink fund g 5s. 19 09 M -S 100 .. ..
2d s 5s tr reo 1st pd.. 19*28 M-N
20 D e c’08
15
20
Deb 5 b sta m p e d ..... 1927 A - O 1 04# 110
P«o A ita«t. See C O C A St L
Virginia Mid gen 5 a.. .1086 M-N
120 Mny’9S .. .. 130 120
Pen A P e t U n la t g 0 s ...l9 2 l <J-F 131
G td stamped..........1030 M-N
9 1 ......... 90 S cp/98
Feb., 1921 M-N
8 5 # 90
W O * W 1 sto yg u 43.1984 F - A
Pine Greek reg g u a rd s.. 1932 J - 1>
137 NOV’ 97
West N 0 1st con g 08.1014 J - J
120
Puts Cm A St L. See Penn Co.
S A N Ala. See L A N .
P C C A 3t h. See Perm Co.
Spok FallsANor ls t g 08.1980
PUts C ler A T o l la tg d s .. 1922 A - 0
1 0 7 * 1 0 7 # Stat Isl Ry 1st gu g 4#a .l9 4 3
......... 107# Oct.’ 98
Puts A Connells v. See B A O.
Sunb A Lew—See Penn RR.
P iu s Ft W A Ch. See Penn O >
,
Syra Bing A N Y. See DLAW.
Put* June lat g 8 ».........1922 J - J . . . . . . . . . . . . 121 Nor*98
“p e r A o f St L lat g 4 # a .’ 30 A - O 112
121 121
Pitts A L E r1*-2d g 5a .. 102* | O I
A
L 1st con gold 53.1804-194-1 F -A 111# .
• -•
Pitts Mo K A Yo— lat go 8a.’ 32 J - J
8t L M Bge Ter g u g 5s. 1930 A -O
2d guar 0s.................... 193-1 J - J
Terre Haute Elec R y g 0 s.’ 14 Q -Jt
.. ..
.................... ; ; ; ; ; ; “ ;***
McKee A B 7 1st g 3«. 1918 J - J
T ex A N O . See So Pac Co.
Pitta P A F l ft g 5a.......1918 J - J
90 Oct.’98
TexA P Ry E div la tg da.1005 HI- 8
00
00
........... .
PHts 8 b A L B lat g 5 a.. 10401 A - i)
113 Jnn.’u’.i —
1st gold Ba.................... 2000 J - D 109# Sale
101 112*
1st consol gold 5a.. . .. 1943|J - J |
98 J’ Jy’ft?
4 7 # Sale
2d gold lnc. 5s, D e o ...2000 Moh.
08
9 8 * 80 7 6 # 100% 1
Puts A West lat g i a .. .1017 J - J | o 4 * Vale
Third A v 1st gold 5a. . . . 1937
J .........125#
Pitta Y A A ah 1st con 5s 1927. |M- N n o
........
Tol A O C l s t g 5s..........1935 J - J ■104 .. .
Weat'n dlv l s t g 5a— 1035 A -O
R eading Co ga n g 4a. ..1907! J -- J 8 6 # Sale 8£-'£ SiiH 1333 77M 89
Registered .........1 9 9 7 J J
General gold 5s. . . . . . . . 1935 J - D
Rensselaer A Bar. See D A 11,
80# ...
Kan A M 1st gu g 4s. ..1990 A -O
Rich A Dan. See South By.
78
SO
Tol P e o i W lat gold 4a. 1917 J - J
Rio Gr W est 1st g 4s---- I93v|J - J
92 Sale
SI
9SH 7
9 3 * Sale
T S t L A K C l s t g 0a t r . m e J - D
7 8 # 93
Rio Gr Jane 1st gu g 5s. 1939|J - il 100 . . . . . . 91 J’ ne'v*'
99 100
91
94% I Jlatar A Del 1st e g 5s. 1928 J - D
Rio Gr So l i t g 3~is.......1940 jj - J
75 D ec’ 98
w aion EUrr. See Bklyn IClev
54
30
Boch A Pitts. See B R A P. i
Cn El (CMa) l i t g 5 »....1 0 4 5 A -O •103 .......
Rome Wet. A Og See N Y Cent. |
Da Pac—RR A 1 g g 4s. 1917 J - J 1 0 3 * Bale
Q a R L n k e C istg # * 0 a .,O2-13 .J - J
R egistered ................1 9 4 7 J - J
O t J o A G 1 l s t g 2 ;i-4s..19471.1 - J *88** " ! ! ! ) ’ « b"
ss"
" 6 9 * ’ 3 4 * ; Tr Co ctfs g 4 # a ......... 1918 M-N
' |
St L A 4 T U . See Illinois Cent.
O P DAG 1st c g 5s trrc.’ 3«
9 1 Sale
St L A CaL See Mob A Ohio,
CniN J RR AC Co. S w P a R R
at L A Iron Mount. See M P.
Utah A North. See Ore S L.
Si L K O A N. See Wnbaib. I
Utica A Black R. See NY Cent
St ft, M Br. Sm T R R A ofS tl,|
I
er Val ind A W . See Mo P.
S tL A S F2d grtaCl A ..1908 M-N 114 . . . . . . 114 Jan.'90 . . . . 111 110M V Irglnia Mid. See South Ry.
Id gold 8a Class B....... 1908IM-N 114 ........ 114
114
H IM llSHill W ab RR Co ls t g 5 s.. 1930 M-N 1 13 # Sale
97 Sale
2d gold 8s Class C .......1908 M-N 1!4 ......... 1 1 4 * Dec 98
2d gold 5s............1939 F -A
H IM 116M
lat g 8s Pierce C A O..191ft P- A
Debenture series A .. . . 1939 J - J
General gold rta............I03i J - J 188 ......... 1 22 * 123
35 Sale
Series B......................1039 J - J
53 114 125
1 0 5 * ........
General gold 5a............103 i ]J - J 1 07# Sale 1 07 # 107% 31! 9 8 # n o
1at g 5a Det A Ch Ext. .1041 J - J
. . . . . 100 Nov'08 . . . .
lat trust gold 5 i .......... 1087! A - O 100
9 2 # 100 1 StOhas Bridge lstg0 a . 1908 A - O 1 1 0 # ........
Warren RR. See Del L A W
F tS A V BBdg tatgea. 1010 A -O 107 ........ 105 Oct-’97
Wash OA W. See Southern
Kansas Mid 1st g 4 a.. .1087 J - Ll
West N Y A Pa—ls t g 58.1937 J - J # 0 7 # .
83 Sale
at L A 0 K RR g 4 a... .109*)! J - .1
83
08
lb| 69
80
Gen g S -4a.,..................1943 A -O
Bouthw Dlv 1at g 5a*.. 1 9 4 7 A -O .
90
97%
Income oa ....A p ril, 1943 Nov.
Bt L So. See Illinois Cent,.
85%
89 1400 70
®t L S W 1st g 4a bdefs, I9»w M- N 8 8 * Saif.
85% West No Car. See South Ry.
2d g 4s lnc bond ctfa .,1 9 m. j _ j j , 48 Sale
45#
5 1 * 2038 25
41% Western Pac. See Cent Pac.
W Chic 8t40*yr lstcu r 5a.’ 28 M-N
8t Paul City Cab. c g 5s. 1087 J - j i
'
.............. ... .......... !
1CH v — joa g 5 a.. . . . . .1086 M -N
m
Guaranteed gold 5a... 1087 J - J
West Shore. See N Y Cent.
€ t Panl A Duiutb 1st 5a. 19H1 F- A 120 1 23 # 121 D ec *93
I t s 121
113 115 1 13# D e c’ 08
3d 5 » ............. *.............. 1917 A -O
103 112)4,1 W Va A Plus. See B A O.
W Va, Cent A P 1st g 08.1911 J - J
Si Paul M A M 2d 6 a .... 1900 A -O * 123 . . . . . . 124 D e c ’ 98 : : : : 120 12t
Dakota ext gold 8 «. . . . 1010 M - N i■123 . . . . . . 124 Dec ’98
118M13G4 Wheeling A L IS I&tg5a.l920 A -O ♦105
l i t consol gold 0 a .. . . . 2033jJ - J, 138% . . . . . . 138% Dec ’08 : : : : 128 138% j Trust Co certificates...........
94
Registered . . . . . — 19S3IJ - J i
Wheel Dlv 1st gold 5*. 1928 J - J
08 ........
Exten A Imp gold 5s. .1930 F - A
8 i'o'sii i ' i i i l
.Reduced to gold 4#s 1933 J - ,|
iV a # n i i i
58% Sale
1 0 6 * Mbt ’Oh
Registered.............. 1933 j - J
Consol gold 4s..............190 • J - J
- o o t Kxt 1st gold 4 a., 1937 j - D 105 ........ 104% D e c ’98 ad 9 8# 1 0 4 % Wilkes A East. See N Y 8 A W
Wll A Sioux F. See St P M A M
96 Feb,’ 98
B eglstem l................ 1937 J . D j
00
00
Ktffli Cnion 1st g 8a... 1922 j - J ................... 1 2 2 * Jan,’08 . . . . 1 22 « 1 2 2 « Winona A St P. SeeC A N W
aSontC tstgn g 0 s .... 1937 J - . l j
US% 133 JWin Cent Co ls t t r g 3s ..1937
0 2 # Sale
Engraved trust certificates.
Heglatered.......... ...1 9 3 7 J - J j
115 A p r’ 97
1st gaar gold 5 § .,... 1937 J - .1 C i i o « ......... 1 1 2 # Sep.’ ftS . . . . i o ? i i i « ! j Income 5a. .......... .
1937 A-Ot
4 * .......
R egistered.................1937 j - .J J
GAS A ELECTRIC LIGHT BON DS.
EM istd iv 1i t « 5a... 1908 A -O 113 ......... iiO Nov’ 98 . . . . ioh ii n o > i
>Atlanta G L Co 1st g 5s. 194 7 J - D
BLeglstered... . . . . . . . 1908 A -O
Will A S F Istg 3 a ....1 9 3 8 J -D i i i e % ! ." !! ! 11*3* ’ A ug’98 : : : : i t s ” i i s " j Bos U Gas tr ctfs s f g 5a.. '39 J - . I
;5Bclyn U Gas 1st co n g 5 a ..’ 45 M -N 118*’ Sale
R egistered.................1938 J - DI
C h G L A C C o. Sr« P G A CC o
i t ? 4 Nor Pac. See Nor P » c !
: Columbus Gaa l s t g 5s. .1932 J - J
i t P A V x City. See C St P MAO |
J ;on Gas Co. See P G A C Co.
? A i A P. See 3o Pac. Co.
jl Detroit City Gas g 5 s .. . . 1923 J - J
96 8al«
J
1 0 0 «O 0 t,’ S7
3 F s N P 1st a f g 5b ...1919|J - J!
.....
.....
.
No price Fr.-biy; latest bid and asked this week,
O U T S ID E
S E C U R IT IE S
F e r r y C o m p n n le i. I Bid.
78
!» T 4 8 R Ferry—Stock
Bonds 5s o f 1932........ 4 97
sm
N Y A oboken—Stock.
03
B o n d s ,..........................
20
S T A R B Trans A Ferry
| o«
Bond*, 5 b, o f 190S,
90
10th A 33d Sts Ferry
1st tv-jt 5* 1919...JAD $100%
Cnlon-^n rry—Stock
l i t 5s 1 ^ 20........M A N Iic.q
4 Buyer ray* accrued intero
f Price per share.
Ask.
80 j
100 j
55*'
94 j
30 II
02
95
107
iS # 1
)
103), ]
st.
II
( G
t Due June.
i v e n
a t
* Duo July.
f o o t
> llj* e o lifiu e o tiH . P a r .
o f
Bid.
Ad
•5
1
18#
t 33*
100
50
101
\claer Merrall A Con. 100
km Air Power o f N Y.100
4meric’ n A xe A T o o l. 100
Amar Bank Note C o ...50
American Brake Co. •
100
Arner. Caramel—Com..
Preferred....................
\mer Groc—1st pref.100
Vroer Malting Co—Set St ock E
Am Pneumat Tool C o.10 •05
00
Aroer P.re«* A*aoc’ n ..l0 0
American Shrew.......,250 f 115
7
Ask.
mo
40
27*
41
1 10
103
9
x list
•10
100
140
iD ueM arch.
' DueJao.
o o s 'Se o i i t i v b
M lscella n cou w .
P
M ange
fro m
J a n . 1,
L ow . H igh. No. Low.H%gh&
104# Ocfc.’97
l0 4 # F e b .’ 98
1 03 #
10 4 ‘
104%104%
23 * 9 3 ° 102%
107 Jan.’ 98
102 D e e ’98
100^ 10136
107
100
92
111
111
112 D e c’ 98
87*
88
1 20 # Feb.’OS
127 Apr,’ 98
107#113
105 112
76% 8 7 #
120#120*
127 127
9|#
116
108#
102#
110
1LS*
102*
91*
107
105%
100%
"9 9 # 242 *75'* *98%
1137 5 5 # 8 1 #
no
lie #
D e e ’ 98
N ov’ 9
103#
111
D e c’98
N ov’ 9S
93#
9 6 * 1 04#
10 0 # 1 1 2 %
106% 118#
9 2 # 102%
8 1 # 92
113% N ov’ 98
1 04 # 1 05#
98 Oct.’ 9N
1 07 # Jan.’ 99
105#il2 #
87 io e
98
98
103 107
i 0 2 * N ov’ 98
"96 " 102%
1 1 2 # A u g’9f
118
108
117
1 15 #
125
119
123*
101
104*
110
110
90
1 18#
Sep.’*98
D ec’ 98
D e c’ 98
115#
D e c’ 98
119
133#
Nov’ 97
D ec'98
Jan. "99
D e c’ 98
Aug’ 98
D e c '98
1 11# D e c’ 98
110 Dec ’98
108 Oot*’ 9
118 118
105#108
112# 117
107 1 15 #
118 125
118
109 1 12 *
1 05# 1 10 *
105#
1 0 5 * D e c’ 98
109*
109# 265 9 0 #
47#
4 8 * 1425 28
1 17 #
128 De* ’98
102
105
105
102
102 D e c ’98
82
78
92#
100
82#
78
93*
100
102% 103%
9 9 # Oct.'9N
08 Jan.’ 99
01
9 2#
118
94%
113*
97
34#
85*
108# D e c’ 98
1 0 9 * Jan.'99
108%
55
15#
109
55#
15#
113
103
1 04#
100
92#
58%
Jain'99
105
D e c’ 98
SepJp
M ar’ 9 s
58%
84 NOV’ 97
173
02#
03
7 N ov’ 98
91% Oct.’ 98
117% 113
95#
127
" 9 5 " 10*5* *
100 131
102 n o
87% eo
110*138#
78
09
80
98
no#
no
50#
128
106#
105
32#
80
92
104
8 8 * 105#
98% 9 9 *
44
68
43# 88#
104#114#
74# 95#
21
97
39
10S%
108# n o
103 111
4 7* 59#
10
20 %
100# 108
100 1 0 4 *
90 108
92# 92#
85
57#
33)4
4
04%
7#
00# 91#
1 09 # 1 17
96#
89
09#
i Bonds dua Nov. a These are option sates.
p a g e s ) .— F U
P a r.
77
W eek's
M ange o r
B a st Bale.
Ask.
Am Smokeless Fowd. 100
5
Atn SodaFoun—Com.100
55
47
lat preferred........... 100
2d p re fe rr e d ....,...1 0 0
10 # 15
Anaer Steel & Wire—See St ck Ex rt
American Surety........50 190 195
3 8 * 38%
Amor Tin Plate—Com—
97#
97
P re fe r re d ........ . . . . . . . .
Subscriptions ...............
54
52
Am Typero’rs—Stock.100
Vmer Sewing M achine..5 t 2
33
Amer Strawboard.. . . 100
RRY
& M IS C E L L ’ S.
M lw c e lla n e o n s . Par. Bid. A*k.
Amer Wringer com .. ,100
P r e f .............................. 114
Amer Graphophone— 10 t 12# 13
15
Preferred................ .10 t 14
12 #
10
Anderson (John) Tob.100
Automatic V en d in g...10 t 2 #
15
Barney &8m Car-Com.100
79
Pref e r r e d . ... ... ... . 100
6b 1942..........
J&J 102 #
Bergn & Eng Br—See Phi L list.
112
1st 6 s . . . . . . . . . . . ............ n o
$And interest,
fPrice per sh are.
THE
78
F ric e
F rid a y ,
J a n . 13.
BONDS.
W.Y. STOCK E X C H A N G E
V
ekk
E n d i . o J a n . 13.
n
n
F -A
M- 8
J -J
■d Bn !1) B'kljru 1st g 5a. 1940 A -O
R a f t e r e d ............... •••••••• A -O
I q O u LN Y la tco n g 5b. . 32
9q G A Fuel. S « P Q 4 C C o .
Oen Elec Co deb g 5 § .. .1992 J - D
Or R ap U L C o let s 5 s ..1915'
K O Mo Gaa Co 1st a 5b. 1922
Lao Gas- L Co o f StLlatg 5b' 19 Q-Fi
Small bonds................. 1019
Mat Fuel Gaa Co See PeopQaa
Peo Ga» JfcClBtKUg0a..l9O4
3d gtd g 08............... t . l 904 J - D
1st consol g 0 b.............. 1943 A -O
Rerunding g 5a.............1947 M -S
Registered................1947
Oh G-L JtCke lat gu g 5a’ 37 J - J
Oon G Co o f Ch 1stgu g 5 b' 36 J - D
Kq G A F Ch lB tg u g0 8 .’ O5 J - J
Mu FuelGaa let gu g 5.1947 M -N
Weetn Gaa Co ool tr g 5a...’ SS M -N
Dsi O u Coc
C H R O N IC L E .—bond p r ices (.5 pages) page o
N. Y . STOCK E X C H A N G E
W e e k E n d in g J a n . 13.
B id .
A sk. t o t e . High. S o . Low H igh
90 103
........ 94 Aug’ 98
108 112%
H U 6 ......... 114% U l % “ 5 114%120
122 ........ 120% ,lan.*99 a i.
113% J'ne’ 97
B id.
• 95
•108
109
109
1 0 7 % ......... 107%
•123
110
21
109
30
111 Nov’97
105% D e c’98
124
......... 124
106 D e c ’08
•109 ........ 111% D e c’98
108% Sale 108% 108%
105% Oct.’ OS
105
105 Sale 105
101 M ar’ 98
4
"*4
5
Week's
R ange or
L a st Sale.
P ric e
F r id a y ,
Jail. 13.
BONDS.
R ange
fro m
Jan . 1.
Week’s
R ange or
L a st Sale.
Procter A Gamb lat g 0a. .’ 40 j - j
8t L Ter Cupples Station A
Prop Co lstg4 % a 5-20 yr’ 17 J - D
8 Yuba Wat Co con g 6a. .'23 J - J
Sp Val Wat Works lat 6s.’ O0 M -S
Stan Rope A T lat g 6a.. 1940 F - A
Income g 5a...................1940
90 110% 8un Ck Coal lat g a f 0S..1912 J - D
T en n C oa lT D iv l a t g 08.1917 A-03
Birin Div 1st co n 0 a ... 1917 J - J
Cah C M Co 1st gu g 6a..’ 22 J - D
100 107
De Bar C A I Co gu g 0 s.'10 F - A
U S Leath Co a f deb g 0 a .’ 13 M -N
Y t Marble la ta f 5 a .....1 9 1 0 J - D
102 110% WeBt Union dob 7a. .1875-00 31-N
Registered..........1875-1900 M -N
115 124
Debenture 7 s .. . 1884-1900 M -N
104% 100
Registered.......1884-1900 M -N
Col trust cur 5a...........1938 J - J
102 111%
Mut Un Tel a f'd 0 a ...1911 M -N
101 106%
Northwestern Tel 7 s ... .’ 04 J - J
102 108
W h L K & P C C o l s t g 5s.’ 19 J - J
100 100
101 101
U. 8. GOV. SECURITIES. (For
Q -M
U S 2a
registered... .Optional
U S 3a
registered.,.1918
98% 105
U S 3s
coupon .......1918
102% 10w%
U S 4a
registered.. ..1 90 7 Q -Jt
U S 4s
cou p on ........ 1907 Q -Jt
04
90
U S 4s
registered.,,1925 Q- F
84 100% U S 4s cou p on ................ 1925 Q,- F
U S 5s registered............1904 Q- F
U 8 5s cou p on ............. 1904 Q- F
U 8 08
cu rren cy..... 1899 J - J
U S ^areg certs (Cherokee)’ 90 Mch
95 108
STATE SECURITIES.
.................... Alabama—Class A 4 to 5.1906 J - J
100 104
Small........................ .
Class B 5s.................... .1900 J - J
79
S7%
Class C 4s..................... ,1906 J - J
101%105%
Currency funding 4 s...1920 J - J
104 104
Dist o f Columbia—3’05s.l924 F -A
Louisianar—
New con 4a..l914 J - J
Small.................................
10
24
98% 106% Misaouri—Funding. ..1894-95 J - J
Nortn Car—Consol 4a. ..1910 J - J
J -J
Small.........................
0a.................................... 1919 A - O
So Carolina—4%s 20-40.1933 J - J
Tenn—New settlem’t 3s. 1913 J - J
100 100
J -J
Small.................................
Virginia fund debt 2-3s.l991 J - J
J -J
R egistered.......... ............
6a deferred bonds..........
Trust receipts stamped.
[vol. lxvhi .
A s k . Loio.
101
87% 8ale
28 Sale
R ange
from
Jan, L.
? i
High. H o.
Low High
113
113
Feb ’ 97
88*
103
102
104
100
51
11
104
3
10214]
9
79
79
103%
100
97*6
117
100
162
1479
97%
117
85*6
25
102
103
105
88
31
83
97
111% 117
N ov’ 98
M ar'98
103“ 10*7**
105 105%
N ov’ 98
105
115
111
112*6
112 %
111
daily record see seventh va
9 9 % ........ 99% Jan.’ 99
MISCELLANEOUS BON D8.
107
100% 107 107
100
15
M -S 105 Sale 104% 105
dama Kx—Col trg4 a .l9 4 8
107 m Sale 107% 107% 342
>
A m Cot Oil deb g 8 a ... 1900 Qu-F •108 110 103 108% 8
111% 112*$ 111*6 U2*6 22
Am Da A Imp 5a. See Cen N J
112M l ’ 3% 112 % 112 %
ss%
sm 41
80 Sale
Am dplrlta Mfg 1 st g 6a. 1915 M -N
129 129% 129 Jan.’ 99
6a.
129 129*6 129*6 129%
Bar** 8 Car Co lat g 5a. 1942 F - A 90% Sale 89% 90% 12
k n W 4 W H latg
1945
112% 113** 112% D e c ’ 98
C I& R
112!* 113*6 112% 113%
109% Feb’ 07
OahCoal Min. S ragT5s.l915.
bio Jc A 8tYd col
102*6 Oct.’ OS
Non-cum. incomes 5s 1907
102% ..
Clearf Bit Coal. See N Y C & H
100 N ov’ 98
Ool C A I 1st con g 03. ..1900
ColC A 1 Dev Co gug 5a.. 1909 J - J ...................
107
108% N ov’ 98
108*6 109
• Coupon off.......................... .
100
105 Aug’ 9S
105 108
103 Nov’ 98
Ool Fuel Co gen gold 0a. 1919 m - n
107
108 Sep.’ 98
105*6 l ° 8
87%
00% 275
........ 90
Ool F A 1 Co gen s f g 5a. 1943 F -A
100
98 104
104 N ov’ 98
103% N ov’ 08
Or*m Cable Co 1st g 4a.. .2397 O - J
100
104 Feb.’ 98
R egistered....
......2 3 9 7 Q - J
118
115 118
118 N ov’ 98
1
tiardel C A I^See T C A 1.
109
100 106*6
109
109
-L^el A H Can. See RR bonds
100*6 M a r’ 98
98 100%
10
21
22
21%
22
Det ' ’ AM Id gr 3% b 8 A. 1911 A -O
106% Dec ’ 98
■ rieT A T col tr g a f 5s.. .1926 J - J
103 ....... 104 Nov’ 98
101 104
95% Jan.’ 97
Gr Rlv Coal A C 1st g 0s. 1919
*101
Hack Wat Reor 1 st g 5a. 1920
ISO ....... 128*' Feb.*’ 98
128 128
ill
Aug’ 97
H en d B C o 1st s f g 0s...1931 M -S
104 .......
Hoboken L A I g 5s.......1910 M -N
87
98
100 D e o ’ 98
90% Sale
90%
90*6
I li Steel Co deb 5b.......1910 J - J
87
94*6
93*6 N ov’ 98
70 A p r’ 97
I Nou-oonv deben 5s... 1913
84
85
85 Sale
05
88%
Iron Steamboat Co 0s.. . 1901
107 May’ 97
Jeff A Clear C & I la tg 5a 1926 J - D
80 May’ 97
2d g 5a........................... 1920
8*4
102 J’ly ’97
4*6
9
M ad Sq Gard’nlat g 5B.1919 M -N
et T A T l s t s f g5a.l918 M -N
UNLISTED BONDS.
Registered....................1918 M-N
95
98
A tch Col A Pac 6s tr c t fs ...
99 102% 98 Dec ’ 98 . . . .
32
71
09*6 D e c ’ 98
Mlcb Pen Car Co lBt g 5 s.’ 42 M -S
A tcb J Co A W est 0s tr ctfs
49
70
7o D e c ’ 98
Mut Un Tel Co. See W n Un.
25 102 109
B A O pr lien 3 ^ s (w i).l9 2 5
104
98>* Sale
at StarchMfg Colstg0a’ 2O M-N 101 Sale 108
93*6
98% 224 95% 98%
N wpt News SAD D 5s.l990
lat mort 4s (when iss).1948
99% Sale
99*8 100
532 93% 99*6
Col A South 4s (when issued)
87% Sale
N Y A N J Tel gen g 5 a c y .’ 20 M-N
87
87*6 514 83*6 87*6
Comstock Tun inc 4s. . . . 1919 M -N
3
4
N Y A OntL&nd la tg 6a. 1910 F -A
4 N ov’ 98
Ohio A Miss con .................
102 105%
NoW estnTeleg. SeeWest.Un,
104 A ug’ 9 8
Second A ve (N Y) 1st 5B.1909
Peoria Wat Co g 0a.. 1889-19 M-N ................... .........................
109*6 Jan.’ 98
!°9*6 109*6
Pittsb A W est 5s tr ctfs...
Pi Valley Coal lat g 0s.. 1920 M-N
57% 57*6
*6 Oct. 98
• No price Friday ;,these are latest bid and asked this week, t Bonds due July t Bonds due May. I Bonds due April. | Bonds due January. aThese are opiion sa’ es
.O U T S ID E S E C U R IT IE S
(G i v e n
a t e o o t of
7
M la c e lla n e o n a . Par. Bid Ask f
Bid. Ask
Knicberb’r Ice(C hic)—See St Ex List. I
t 12% 20
Pref. (when iss’ d )—See St E x List.
t 55
82%
Knickerb Ice—Bonds 5 s .. 97 ---iti
Preferred ................... 50 + 60
Lawyers’ Surety........100 100
Bond A Mort G u ar... 100 225
Lawyers’ Title I n s .... 100 148 152
53%
Carter-Crume—Pref. .100
80 ’ Lorlllard (P )—P ref. ..100 110 119 :
Celluloid Co................. 100 75
Madison Sq Q— Stock. 100
Cent America Tr’nsit.100
5
%
8
2d 0s 1919............MAN
25
5
Cent Flrew’rks—Com. 100
35
25
85
Preferred................. 100
Maine S S......................5 0 + 20
40 , Merch A Miners' 8 8 .... 50 t 60
Ch ateaugay Ore A Ir 0s ’ 15
Chea A O Grain El—I n c ..
12% 17%! Mech’nical Rub-Com.100
so
40
05
75 1 Preferred................. 100
75
90
4a....................... ..............
Chesebrough Mfg Co. 100 825 840
Mergenthaler Llnot.—See Bosto n list.
Clallln (H B )-la t p re f.l00
Meriden Britannia Co.. 2 5 t 15
95
16%
Mich-Pen Car—Com. .100
2d preferred............ 100 95
24
26
Common—See Stock Ex list.
Preferred................ 100
89
90%
Ciark Mile End Thr’d.100
75
1st 5s 1942............ MAS
99 100
Collins Co.................... 100 113
Minneapolis Brew 1st 7s 104% 107
Color. A 8outh 4s—See Sto ck Ex. List. |Mosler Safe Co.......... 100
100
Comstock Tun—lat in c...
2
4
Monongahela W ater...25 t .........
9%
Conaolld Car Heating. 100
38
45
Nat Biscuit—See Stock Ex List,.
National Casket C o ... 100 48
Conaol Flrew’ ka-Com.100
10
54
Preferred................. 100
National Saw—P r e f..100
40
25
Con Kan C Smelt A R ef.25 t 21% 25
National 8urety.........100
190
Conaol Bolling Stock. 100
23
26
National W all Paper. 100
85
75
39% 89% N Y Loan A Im p...
50
81
114 116
81%.
Oram pa’ Bh A En Bldg. 100 76
78
105
149%
tock E xch.
Enaley Land.....................
20c.
t 24% 26%
Eppena 8m A W iem .,100
75
7
10
110
Eastman Kodak C o...100 lo o
Otia Elevator—Com,,
30% 40
Preferred............... .
t 88% 40
85
86
Federal Steel—See Stock Exch. list.
t 18
Fidelity A Casualty. ..100 250
Pegamoid, p ref..........100
35
55
72%
Fidelity A Dep (Balt). .50 t 70
340
Galveaton W harf—1st 5a.
00 100
Ex. li st!
Genesee Fruit............100
t.
30
German Am Real Eat, 100' 25
5s 1917.MAN.,
100
See St. Ex.l't
t 5
0
k Exc lr.list.
t 06
70%
t 38
40
3
4
Gorham Mfg Co-Com.100
100
8
4%
Preferred................ 100 114 118
35
40
Great Kalla Ice........ 100 120
280
01
Hartford Carpet C o..100
180
50
Heck-Jones-J MUl-Pf.100
00
95
97
80
40
Her’g-Hall-Mar-Com .100!
1
P referred.................100
12
15
108 110
Hoboken Land A Im p 't.. 100
40
45
5a .................................... 105
Semet-Bolvay deb 5s.
101
103
International Elevat.100
75
80
128 180
International Navlg.,100
105
120 124
International PaperlOO) See St ock
408 415
Preferred............ 100) Exch list.
451
112
ck Ex. List.
International Pulp...100
Preferred — See Stock Exch. List.
Internation'1 Silver—Com1 15% 17%
123
80
85
Do
do
pref.
93
Do
do bonds. 1100 101
+ 39
45
10
Iron S tea m boa t,....,. 100
107
0a 1901.................... JAJ
50
00
90
John B Stetson—Com. 100 75
96
98
P referred..................100 105 116
90% 98
Jonrueay A Burnham. 100]
12
5
lat 0a.
§100% 108
P referred................. 100
40
45
117
M is c e lla n e o u s . Par,
.....
c o k s e c u t iv e
p a g e s ) . — ■BANKS
M i s c e l la n e o u s . Par.
Term Wareh—Stock.. 100
1st 6s............. .........
Debenture 0s..................
Texas A Pacific Coal. 100
1st 6s 1908............AAO
Title Guar A Trust ..100
Trenton Pott—C om .. 100
P referred................. 100
Trow Directory-New. 100
Union Switch A Signal. 50
P referred .................. 50
Union Typewr—Com. 100
B an k s.
Bid.
Ask.
N. Y. CITY.
Am erica*. . . . 370
Astor Place*
Bowery*.......
Broadway_
_
Butch’ sADr..
C hatham . . . .
Chemical......
C it y ..............
C olonial*----
.....
172
350
220
220
220
02
180
300
290
3900 4200
135
1200
150
Bid.
62
102%
285
10
00
45
+ 00
+........
20
A sk.
10
70
70
05
13
32%
55
68
23
Banks.
Mercantile ..
Merchants’ . .
Merch Exch.
Metropolis*..
Mt Morris*..
Mutual*........
Nassau*........
New Amst.*..
New York.
New York Co.
N Y Nat Ex..
Ninth............
19th Ward*
North Amer.
Oriental*. . . .
Pacific*.........
Park.............
Peoples’* ....
P h e n ix . . . . . .
Plaza*...........
Prod E xch*..
Republic
Riverside*...
Seaboard. . . .
Second .........
Seventh........
Shoe A L e’th
S ix th .......
State* . . . .
State o f NY*
Tradesmen’s
12th Ward*..
23d Ward*..
U n io n .......
Union Sq*...
W estern....
West Side*..
Yorkville*..
& M ISC E LU 8.
M i s c e l la n e o u s . Par.
Un Typew— 1st p re f..100
2d preferred............ 100
U S Glass—Common.. 100
P referred ..................100
U. S. Oil—See Boston list.
U S P rojectile C o ..,.. 100
W agner Palace Car... 100
W elsbach Light—See Phil
W estingh A ir B rake.. .50
Willimantic Linen C o.. 25
W ortb’t’n P ’mp-Com.100
P referred ..................100
Bid.
Ask.
170
145
110
100
100
150
280
220
1400
93
140
150
170
390
70
110
101
100
23
Ask.
103
103
75
100
189
191
a. list.
+108
+ 25
42
87
101% 102*6
Banks.
Kings C o*....
Manufact’ rs.
Mechanics*..
Mech A Tra*.
Nassau . . . . . .
Nat City......
North Side*..
People’s* —
Scherm’rh’n*
17th Ward*.
Sprague .......
26th Ward*..
Union*.........
W allabout*..
Bid.
100
260
195
250
280
330
160
190
140
105
110
260
345
175
195
150
115
200
140
115
105
145
T r u s t Cose
N. Y. CITY.
Am Dep A L.
Atlantic T r .. 150
95
820
Central T r’st. 1500
117 125* Colonial........ 350
105
Continental. 225
190
Consolidat’ d.
182
Farm Ln ATr 1025
First (St Isl)
Fifth A ve Tr 340
450
170
140 105
Guaranty Tr 475
14th Street*.
105
Knick’rb’ck’r 310
105
Manhattan.. 170
300
300
Mercantile .. 510
Gansevoort*.
100
Metropolitan 320
108
1100
N Y L I & T r 1275
German Am* 115
120
N Y Sec A Tr 440
German Ex*. 235
North Amer.
100
Germania*... 850
245
Produce Ex. 225
Greenwich*.. 105
170
)
Real Est T r’t 2 2 1
H am ilton*... 110
160
State Trust.. 215
490
275
Union Trust. 1125
Hide A L’ath 100
185
U S Mtg A Tr. 290
ISO
Unit. States.. 1350
Hudson Riv* 175
BR’ KLYN.
Washington. 240
490
Imp A Trad.
Bedford* ..., 215
BEUKLYN.
155 160
Broadway*., 190 200
Brooklyn Tr. 400
Leather Mfr. 170
Brooklyn* .. 125 130
Franklin . . . .
150
8th W ard*..
95
H amilton— 295
750
5th A v e * ..., 104 107
Kings Co...... 390 400
First............. S80 890
Manhattan*. 200
225
L Isi L 6c Tr. 2 2 0
Market A Fill 300
Fulton*........ 180 2 0 0
ManuiactTs. 235
Mechanics’ .. 100
Ger Amer*.
90 100
Nassau . . . . . . 164
Mech A Tra*
H am ilton*... 105
People’ s....... 25C
* Banka marked wltn an asterisk (*) are State banka.
tPrioe per snare
i Purchaser also pays aocrued interest.
Com m erce...
C ontinental.
Corn E xch*..
East R iver..
11th Ward*.
F if t h ............
Fifth A v e * ..
210
128
280
130
220
225
2500
2500
200
THE CHRONICLE
JiN U A K Y 14, 1899.]
Boston,
P h ila d e lp h ia
and Baltimore Stock Exchanges— A Daily and Yearly Record,
sh are P rice*—Not Per C en tu m P rice*.
S a tu rd a y,
J a n . 7.
M on d a y,
J a n . 9.
33% 33%
3 3 * 33%
33* 33*
33
33
250 25<i**
250 250
8 1* h4
82% 83%
227 227
•326
170 171
170 170
1 2 4 * 1 2 4 * 1 25 % 1 3 5*
142 143% 145 145
•124 125
121% 12 1,
30* 3 0*
30* 30*
44% m .
44 * 44*
58* 5 ' ,
1 0 8 * 10» h 109 111
•38 . . . . . .
*93
*04
05
*63
21H •25
25
r ii
J
SH
5H
9
44%
4 3 * 43 m
77
77U
•7rt* 77
198*190*
♦198
86*
90
273
128
l 13*
‘270
85
640
08*
3,3*
58%
65
90
3 3* 33*
3 4 * SiH
250 2 51
84
31*
22S
171 171
133%120%
145*146
124 -% 121*
1 2 1 * 132*
30*
30
44
41*
59% 5 9 *
111 111*
36 . . . . . .
•9 i . . . . . .
•02
65
24%
6
•5%
3 3 * 33*4
33)4 33%
251 254
84% 8 *
•223 .........
•170 171
125% 127
144H 145%
1 3 4 * 125
132 123
30
3054
4 4 4 44*4
3WH 80
111% 115
•38
.....
•02 ......
63
63
2 4 * 35%
0
0
*87 .........
4 3* 4m
7 7 * 73
108* 198*
4 2 * 42K
01* 03*
00
96
l l 5-16 *
37* 23*
1 4 * 15 !-l *
43* 41*
7 3 * 74
3 3 * 31
*93 . . . .
155,
73
1 98 * 198*
01%
T3*
3 4*
93
276
t3ow 127
112*
113
28U
275
8(4
88
640
040
03
69*
33*
58*
59
04*
03
90
91
273
1*0*
113
381
89
640
70
33*
59*
85
91
iiii is
3«H 3»%
7
7
«%
135 135
30* 3S*
35
24*
21H 24%
1 49* 131*
ia s %
39% 40
38%
4 -f%
43
42
•l l - l « 1 *
1<
N
1*
4 0 * 41
4 0 * 41
0 4*
rt!
*03
6 3*
* Bid and asked ortew
*
•24
W ed nesd ay T h u rsd a y,
J a n . 12.
J a n . 11.
8151
»0-«
11%
2?t*
11T*
1«H
71%
84
92
61% 6i a
’ d i " 01%
9 5 * 90
«5% 95%
10 7-16 1 0 *
25 13-16 0 * 269-1013- Id
14 1-10
13 11-14
42%
41% 43%
73% 7 3 *
7 3 * 74
34
31% 32-H
91*
91
91
275 275
125*127
1 1 3 * 119*
202 270
82
78
639 040
68
68
34
33
88% 59
T u esday,
Jan. ID.
HI
40
7
135
3d*
24U
la s *
39*
11
26%
14
27*
39%
38
3 »K
7
135 t33
38%
H H 2t%
1 3 1 * 133*
40
30
4 2 * 12*
•1 1-10 1 *
41
i4
6 3 * 6l *
no «*s» wa-
Tories
o f the M ange o f S ales i n 1 89 8 ,
Week.
S h a res
Low est.
H igh est.
ACTIVE STOCKS.
HIndicates unlisted.
F rid a y,
Ja n , 13.
R a ilr o a d S to ck s.
•72* 73 Balt.City Pas.,new,2 3 in. pd. (Balt.) ... , 25
3 S* 32% Baltimore Consolidated... . . .
“
. 25
3 2 * 8 3 * Baltimore C on solid a ted !.... (Phlla.) .. . . 25
2V2 252 Boston A A lb a n y.. . . . . . . ....(B o s t o n )... .100
81% 35 Boston SIevated...................
“
.100
210 230 Boston A L ow ell.......... ..............
“
.100
1 7 0 * 1 7 1 Boston A Marne.........................
“
,100
123 130* Chic. Burl. A Quincy..............
“
.100
145 145 Chic. Juna A Un. Stock Yds.
“
.100
134*131*
P referred ............................
“ .100
1 2 3 * 124* Chic. Milwaukee & St. Paul, (PhilaD ... .100
30
3 0 * Choctaw Oklahoma & H a lf..
“
. 50
43% 4 4 Preferred.......... .
“
. 50
,100
80
00 Consol. Traction o f N .J .T ...
“
114 115 Fitchburg, p ref................ ....(B o s t o n )... ,100
39
41 Ga. Southern A Florida......... (Balt.) ... .100
93
94
,100
9 3* 93*
1st p r e fe r r e d .......................
“
03*
03
6 3 * •03
,100
2d preferred..........................
M
2 5 * 2 0 * Lehigh Y a l l e y . ... ... ........... (Phlla.) .. . , 50
2 5 * 23
0 Mexican Central.............
• 5*
(B oston). . . ,100
*5*
6
•S3
90 Northern Central................. . ( Balt.) . . . , 50
•83
4 7 * 4 8 * Northern P acific.......... .
46* 46*
(Phila.) . . . .100
7 3 * 78*
7 8 * 79
Preferred............................
“ .100
(B oston).. . .100
1 9 3 * 1 9 8 * 1 99 * 1 99 * >ld Colony................. .
4 1 * 45 Oregon Short Line........
.100
“
44
44*
6 4 * 0 5 * Pennsylvania.......................... (P hU a.)... , 50
01
65*
, 50
9 8 * 9 0 1 Philadelphia T raction..........
“
9 5 * 96
“
11% 11-16 1 1 * U-1H Beading Company.....................
. 50
1st preferred......................
“ . 50
2 7 * 28 3-16 27 9-10 2 8 *
2d preferred............ . . . . . .
“
, 50
15 15 5-16 13 15 ll - ln
4 5 * 40% Union Pacific................. .
4 4 * 45*
(B oston ). . . .100
74* 74*
.100
74
75
P referred ...............................
“
3 3 * 3 3 * (Jnlon T raction.......................(P h ila .)... . 50
3 2 * 33*
93
9 3 * West End Street.................... (B oston). .. . 50
94* 94*
M is c e lla n e o u s S t o c k s .
.American Bell T erep h on e...(B oston )... .100
288 2P5
a s * 239
2 7 9 * 2S9
“
.100
125% 137% American Sugar Refining ! . .
121% 1*47% 123% 126
Preferred 5........................
“ .100
114* 1 1 !!* 112 H 11 % 112
112
. 25
270 230 Boston & Montana....................
“
2 7 ) 275
930 230
. 25
77
“
84 Butte & Boston*........................
80
80%
8 0 * 33%
. 25
6 40 64 0 Calumet & H e cla ......................
“
640 6*3
040 645
03
09% 09%
09 Consolidated G its............... (Balt.) ... .100
04% 70
Dominion C oal................
( Boston). .. .100
35 h
3 4 * 35
31% 35
31%
5 9 * 6 0 * Electric Storage Battery T .. (P hlla.).. . .1 00
5 9 * 59%
5 «H 59%
P re fe r re d '.............................
“
.100
07
00
0 3 * 07-S,
6 5 * 05*
92
92
90
9 3 * Erie Telephone..................... (B o s to n )... .100
91
01H
.100
Illinois Steel...... ........................
“
“
. 85
28 Larasoo Store S ervice.. . . . . .
♦2?
28
27
27
27
391( 39% Lehigh Coal & N avigation... (Phlla.) .. . 50
40
89% 39% •39%
.100
_ Marsden Company 1 . . . . . . . . . .
u
0*
s*
135 " 137 ' New England Telephone.......(B oston)., .1 0 0
134*135
135 135
. 25
“
3 5 * 3 6 *j 3 5 * 37 Old Dominion Copper f .........
3 6 * 37
2 5 * 2 7 * ; 2 7 H 2 8 * Pa. Mfg. Light & P ow er! . . . (P hlla .).. . 50
«4 * 25*
. 50
w
1 35 * 137 ! 13*'* 138 United Gns im p rovem en t!..
133*137
33 3 3 * United States Oil...................{Boston) .. . 25
38* 39*
39
39*
40
40 Welsbacb L ig h t!........ ..........( P h l l a ) . . . 5
40
41*
43
43
• 1*
i * W est End L a n d ....,, .......( B o s t o n ) .. . 25
•1 L i e 1 * •1 1-16 1 *
. 50
4 i 4 4 * Westingh. Electric «fc M fg ...
“
43* 43*
43
44
. 50
03
0 3 * j Preferred.
0 3 * 04
63
04
I t T r . rectal
* 16 < <-16 11 1-10
t 30 iattai eald
8 2^ 3 3 *
H3d4 3 3 *
252 232
8-1% 84*1
•227
•170
1 8 7 * 1 38 *
144 144
124 124 I
123*
30
44*
44
00
01*
115 110
ltH
B id | Ask,
5 T O C K S - B O N D S I Bill.
MISCBLL.—Concluded,
13.
BAH.BOA.D*-— P r ic it J a n
10 .........
IS
1 8 * l o t B utH A S M “
A t Top A 8 Fe. .(Boat) 100
42
Maraden p ref! .Phil) 100
AU A Cbarlottef Bn.lt) 100
Mergenthaier.. ( Best) 100 190
Balt A O all pd. 4
4 100
......... Morris Canal.. .(Phil) 100
Bo* A MHlne p f.(B o * m o c 103 “
P r e f................. “ 100
Bo*ton A Prov. "
100 283
81
Osceola Mining! Bust) 25
CftSAWt9S4......(PbU) SO
4
Palmett<» Co— (Phil) 25
52*
50
l* t pref.......... “
Parrott 8U&Cop( Boat) 10 87
3
h'h
Central Maas... (Bout) 100
Pennsyi Sal t. . . (Phil) 50 1 0 0 *
58
3'3
Pref.-. . . . . . . . . 4
4 100
20
4 100
48)* 1 4 * Peiinsyl S teel!. 4
Central O h io.. - i Ba R) 50
40
P r o f ! ............... 4 100
4
21
Chic A W Mich.(Bust) 100 20
Phll'delphla Co(Boat) 50
27
C U *»9tof lnd*!( Phil) 100 26
Pullm an* P a l.. 4
4 100 1 0 2
City A Suburb.. (Balt) 50
Quincy Mining. “
25 147
Conn A Piwuiom( Boat) 100 153
fleece Buttonh. “
10
I'M
Conn K lv r r ..., "
100 250 200
13
5
23
2 3 * Santa Ysabe! G "
Flint A Fere M. 4
4 100
Tamarack Min. 4
4
25 195
4y
43
Pref................... " 700
50
O’ rmar.Fn P*a*(PhU) 50 140 14XH United El S e c.. “
*
Water Pow er.. 4 100
4
42
H «ton v M A T * 4
50
10
Welsbach Com!(PhU)100
73
P r e f------00
00
P r e f! .............. 4 100
4
13
10
H unt A Broad T “
50
49
W estm 'rel Coal u
50
43
40
P r e f..............* 4
4
50
37
W olverine Min.(Bost) 25
13
10
S C Ft 8 A M . .(Boat) 100
1
W ollaston L d . “
5
50
40
P re f.........« .. . *
*
100
54
53
Little SohuyUMPbll) 50
B o n d a -B o e to n .
Maine Central ( Boat) 100 140
Metro pol S t ! ...1 PhB) 100 190 190% Am Bed Tel 4a..100 3 JAJ a 103*
A TAS F gen g 4a. *95 AAO I 99
58
57
Mlnemil A 3 H. 4
4
50
Adjustm ent g 4 a .. 1995 { 16)4
Needuehon'g V. 4
4
50 54%
B A M 3d la 7s.*02-07 MAN
37
New England..(Boat) 100
Boston T e rm ! 3 * s . . 1947 s i 15
99
P r e f............... 4
4 too
Bos UnGae let 5a .*39 JAJ l ft)
North P e n n ....(Phil) 50 100
2d M 5*.......,.1939 JAJ J 10
No A W Branch "
50
BurA Mo Rlv ex’ pt 8s.JAJ I l l s
Penn A N W ... 4
4
50
Non-exempt 8 s.*18 JAJ a 107
23
Phil A Brie- . . . 4
4
50
Plain 4s.......... 1910 JAJ I too
Phil Germ A N . 4
4
50 136
Ch BurA N 1st 5*.4 AAO Jl07
26
United N J ....... 4
4 100 262
2d M
......... 1918 JAD SlOQ
20
United T r o t P. M
50
Ch Bur A Q i s - 1922 FAA 4 1 0 1
P r e f.......u
50
Iowa Div 4 s.l9 1 9 AAO
Weat End pref.(Boat) 50 113 H 3 « l
Chicago J unc 5*. 19 15 J AJ {111)4
56
W ert Jer A 3 S.(Pb»l) 50
3*
3% Ch A No M go 5 s.*31 MAN i 71
W e e tN Y A P A - 4
4
50
Wls<*>n Central (Boat) 100
*>*
2H Chi A W M gen 5a.*21 JAI) | 88
2
5 |Con. o f Verta’ t 5s.’ 13 JAJ * 82
P r e f . ...........
1 }00
4
Cnrr't Rlv 1st 6a.r27 AAO
W or Nash A ft- 4 100 132
1
D G R A W 1st 4a.’ 46 AAO | 9L
MISC EL LAN SO US.
7
7 * Domin Coal IstO s/l 3M AS
AUoue* Mining (Boat) 20
8)4 Eaat/n lat M 6a g.’ OC MAS ^llft
Am By El LLV tPbU J. . . .
Fr El ItAM V lat 0s ’ 33 end ^137
Anaconda Min. (Boat) 25
Uust’ p’ d 1st 0».'33 AAO } 137
Anniston Land, 4 1001
4
£Uln Steel oonv5s.*10 JAJ { 1 0 2 *
' 9* " m
Arnold Mining. "
2
Debenture 5a. 1913 AAO $ 9 9 *
2
Aah Bed Min g. 4
4
2
IH
KCCA 3 la t5 3 g.’ 25 AAO 4 .. .
9 2 * 33
Atlantic Mln’g. 4
4
25
31
3 1 * K C Ft 3AG lat 7a/08 J A D U 15
Baltic M ining..
4
25
23 I K C F SAMcon 6a.’ 28MAN 4 99
31
Balt W areho’se(Balt) 20
90
Bay State Gaa!.(Boat) 50'
9M K C M A B I at 4s..'34 MAS 4 4 8 *
m
Income 5 a ...,,,* ....... . |
.......
50
BergARng »r*w(PhU) 100
90 ' K CA M RvAB 5a.’ 29 AAO 4103
P r e f . ..,......... "
100
K C 8 t Jo AC B 7s.T JAJ ? 1 2 0 *
07
Boston Elec LM Boat) 100
i
4 * Lama'n St’re 8 0s.'O9 MAS 4.........
Boston Land.. . 4
4
10
L R /jckA F3 lat7a.’ 05 JAJ {105
Boylaton St L'd 4
4
15
L ® ASt L 1st 6a g.’ 26 A AO *103
tin
Cambria Tmn .(Phil) 50
2d M 5-0 g,...l 936 AAO
Cambria Steel. 4
4 +50
l Eg 13
Mar II A Ont0s...*25 AAO 4118
32
31
Canton C o.____(Balt) 100
3 4 * Mex Central 5s. 1917 AAO 4.........
Centea M ining.(Boat) 25 13 4
4s g .................1911 JAJ 4 07
Domin Coai p f. 4 100 114 115
4
15
lat con Inc 3a g non-cum
a d la o a E t m .., 4
4 100 199
SH
2d con Inc 3s non-onm..
2
l
Ft Wayne ISSee! 4
4
25
New Bog Tele es.’ aa AAO 4 10 0
31
21W
Franklin Mln’g. 4
4
25
6a
.......... 190^ AAO
French Bay Ld. “
5
*
*
l
Qenersl E lect.. "
100 t o o * 101 | N TAN Eng lat 7a.’ u5 J AJ !{$ i f t *
iu
lar. rnort 8a..
60
P r e f...............
'
100
INACTIVE STOCKS
79
A sk.
8
191
150
8 1 ).
41.
38
BONDS
U o e to u —Concluded.
Ogd A LC oon09.'2O AAO
Income 6s........... ,.1920
Rutland lat 0 a ..’ 03 MAN
2d 5a..............1898 FAA
Wont End St 5a. .’ 02 MAN
4 * 9 ...............1914 MAS
Gold 4a.........1910 MAN
4 a ................... 1917 FAA
B id .
1107
{ id s
{100
4105
|108
A sk.
15
107
lo ti.
400
11,572
1,662
251
2,890
18
153
17,446
2,474
32
2,300
5,442
2, 201
3,000
2,104
50
435
20,770
200
28,224
3,200
77
1,412
9,S9l
2,090
31,320
23,002
9.030
18,220
9,325
75,165
908
34% Oet. 15 73 Dec. 14
21M Apr. 20 3 4 * Dec. 15
2 1 * Mar. 12 3 4 * Deo. 10
2 1 7 * Mar. 29 2 6 2 * Sept. 26
52% Mar. 20 8 4 * Dee. S
215 Apr. 2 2 2 7 * Dec. 10
160 Mar. 12 172 Dec. 19
85% Mar. 28 1 2 5 * Dec. 30
102 Mar. 14 1 40 * Dec. 29
105 Mar. 12 125 Dec. 30
8 3 * Apr. 21 1 0% Dec. 30
9 Feb. 25 29% Dec. 30
27% Jan. 4 45 Dec. 30
37 Jan. 3 5 7 * Dec. .30
98 Mar. 28 109% Dec. SO
27% May 9 42 Aug. 26
84 May 25 98 Oct. 11
55 May 3 7 3 * Aug. 25
1 7 * Nov. 15 2 0 * Jan. S
4 * Apr. 6
7 Dec. 14
7 6 * Jan. 14 8 6 * Dec. 6
19 Feb. 24 44% Dec. SO
57% Mar. 26 79% Sept, 2
1 85 * Mar. 16 199 Dec. 15
18 Jan. 4 43 Dec. 27
5 5 * Mar. 12 61% D ec. 30
77 Mar. 25 95 Aug. 29
7 13-10 Mar25 1 1 * Jan. 6
1 8 * Mar. 28 2 7 * Dec. 80
9% Nov. 2 14 9-10 Feb. 5
16% Mar. 25 4 4 * Dec. 22
47 Mar. 25 74Vi Dec. 2 8
12% Jan. 3 32% Dee. 13
78 Mar. 25 90 Dec 12-
2,761 238 Mar. 12
62,00 2 1 0 7 * Mar. 20
690 108 Mar. 25
3.030 1 4 9 * Jan. 4
19.61S I S * Mar. 12
248 489 Jan. 3
838 5 2 * Jan. 10
11,230 14 Mar. 12
9,342 1 8 * Mar. 25
9,140 21 Mar. 8
1,629 5 9 * Mar. 25
4 4 * Mar. 12
431 20 Mar. 12
158 35 Nov. 16
5 May 2‘
3,215
72 120 Mar. 12
11,995 2 1 * Jan. 5
0 Apr. 14
76,815
30,582 9 7 * Feb. 24
9,730 10% Feb. 4
2,007 30 Nov. 17
1 Jan. 13
50
6,290 2 0 * Apr. 13
791 50 Apr. 22
8Low!lest la ex div.
285 Aug, 15
147 Aug. 26
1 1 0 * Jan. 8
288 Dec. 29
94 Dec. 29
650 Nov. 18
.1% Deo. 15
3 0 * Nov. 18
00 Dec. 27
07 Dec. 20
78 Dec. 29
7 4 * Sept. 6
24 Oct. 27
43% Jan. 7
11% Jan. 11
144 Aug. 17
40 Deo. SO
25% Dec. 27
12* Deo. 10
3 4 * Dec. 30
0 2 * July 5
1% Dec. 29
41 Dec. 13
63 Dec. 27
! E x rtghta.
B id.
BONDS
B a l t i m o r e —Conclu’d.
W estN C con 08.1914 JAJ 113
W est VaC A Pl8t6g. ’ 11J AJ 112
WUColAAug 08.1910 JAD 115
W il A W eld 5s., 1935 JAJ 115
A sk
B o n d s —P h i l a d e lp h ia
Atl City 1st 5s g..’ l9 MAN 1 09 *
Catawissa M 7a. 1900 FAA 108
52
ChesAD Canl8t5a.’ 10 JAJ
Choc Okla A G prior lien 0s 107 108
22
Hondw—B n l t l m o r e .
General 5 s .... 1919 JAJ 105
Atl A Ch lat 7s,1907 JAJ 120 120*
42
“ go*
88
C ltV StR y(Ind)con 5s.’ 83
AtlG-LlghUBt5sl917JAD 102
108)4 Colam St Ry 1st con 5s.’ 32
1 0 2 ).; Balt Belt lat 5S.1990M&N 105
. . . . . Colura O Croast 1st 5a..’ 33
148 i BaltCPaal st 5», 1911MAN
Con Trac o f N J 1st 5a..’ 33 1 09 * 110
i*H Bait Fundg 5a.l910 MAN m '
Exchange 3 * ». 1930J&J 112 118)4 Del A B Bk 1st 7a.’ 05 FAA 120
13)4
EostAA lat M 59.’ 20 xMAN 110
BaltAOhlo 4a g.1935 AAO
197
Edison Elec 5a stk tr ctfs.
Pitta ACon 5 g. 1925FAA
98%
98
85
. . . . . . ElecA Peop’s Tr stk tr ctfs
St&t Isl 2d 3 a. 1926 JAJ
" i" ;
ElmAWlIm 1st 0a.’ 10 JAJ 124*
Receivers certlf 6a.JAD
Income 5s... .2802 AAO 109
Do Maryland Constr 5s.
Eq Hi Gas-L 1st g 5s. 1928 107% 1 0 8 *
Do Pit tab A Con 5s.JAJ
Hesfconv M A F con 09.’ 24 116*
.
Do Main Line 5a............
37*
loss. HA B Top con 5s.’ 25 A v.0 105*
. . . . . . B A O S W lstl* g. 1990JAJ ib s
Internat xNav 0 s . ... . 1900
BaltAPl atflam 11911 AAO 121
K C Sub B 1st 08./2O JAD
1st 0s tunnel 1911..JAJ 124
08*
K C P A G 1st 5 b..’ 23 AAO
118
103%' Bal True lat 5a.l929MAN l i e
Lehigh Nav 4 * s . .’ 14 Q-J
E xt A Imp 0.H 1901 MAS 104M
.
90^
R R 4 s g ..........1914 Q-F
No BoltDlv 5s. 1942JAD 118 120
Conaol 7 s . ... .1911 JAD L25
Con v’ rtible 5»1906MAN 110
Gen M 4 * s g. .1924 Q-F 107
CapoFA^ . A6g.l916JAD 103)4 104*
90
71
73). Leh V CT 1st 5sg .’ 33 JAJ
‘94 | 1st da aer B..1910 tr rec
Leb Yai ext 4s.. 1948 JAD 112*
68
lat 0a aer C..1916 tr reo 07
2d 7a..............1910 MAS 131* 132%
no
Cent Ohio 4 * a g .'3 0 3IAS 10 8
Consol 6s.......1923 JAD 114
Central Ry 6a... 1912 JAI 110
108
Annuity 6s............. JAD
Consol 5 s .. . . 1932 MAN
Newark Pass con 5s. 1930
....
Ext A Imp
932MAS
107)4
NY PhANorlst0g.’ 23 JAJ
. , ChariCAA ext5a.U/i0JAJ ib e ”
Cheaap Gas6 b,. 1900 JAD 104 104* No Penn lat 4b..’ 38 MAN 118
Gen M 7a........ 1903 JAJ 118)4 . . . . . .
CityASub lstos.l92 2 J A D i ! 5 . . . . . .
Penn gen 0s r .. .1910 Yar ISO
i V s"' ColAGrnvlat5-0.1917J&J 118
Consol 0 8 0 .... 1905 Yar 110 ........
Conaol Gas 6 a..1910 JAD 110 i i 's jj
73
126
Consol 5s r ....l9 1 9 Yar
5a...................1930 JAD
i»0
Collat. Tr 4 * s g.’ IS JAD
Ga & Aialstpf5sl945A A O 107 “ 107)4
’ ***'"
Pa A N Y Can 7s..’ O0 J&D 119~
72 » GaCar AN lat.5s g. 1929J AJ 100 101
Con* 5 b........ 1939 AAO 1 2 103
GeorshiP 1st5-0s 1922JAI 122 123
92
90
Cons 4 a ...,,, 1939 AAO
GaSoAFla lat5a.l94.5JAJ 109)4 109)4
HI
Penn Steel lst5a.’ 17 MAN 95 100
Lake R El lstgu58’ 42MAS 113
12 0
People’s Tr tr certs 4s.’43 108 108%
......
MacAN 1st 4*s.l990M A S
Perklom 1st 8er5a.’18 Q-J 100 . . . . . .
Met3t( W ash) 1st 5a’ 25FA 121
108* 1 0 3 *
103)4 New Orl Gas 1st 5s...Y ar 100 . . . . . I Phila Elec gold trust ctfs Lift . . . . . .
PhAEr gen M 5g.’ 20 AAO
10 0 1 N orthC ent4*s.l925A A O n o
.......
Gen M 4s g ..i9 2 0 AAO 107
0s 1900................... AAO 105
03
Ph A Read 2d 5s.’ 33 AAO 120
........ 1
8a gold 1900 .......... JAJ 103
Consol M 7 s ..1911 J&D 132 . . . . . .
6a 1904.....................JAJ 109 . . . . .
90M
Con M 6s g ... 1911 JAD 123
Series A 5a 1926....JA J 115
.......
......
E xt Imp M4s g.*47 AAO 101
Series B 5a 1926.,.,JAJ 115
50 j
Con M o f ’ 82 4s.’ 37 JAJ 104
........
Ohio AM lst78D 1905.MAN 104)4 104M
1 0 -y r s f 5s g.1902 F&A
Pltts&Con lat7a 1898JAJ
........
Terminal 5s g.1941 Q-F 11954 .......
Pitt Un Trac 5s.l997 JAJ 109)4 1 09 *
P Wil A Bait 48.1917 AAO
PotomVal 1st 5s. 19 4 1JAJ
Collat trust 4s. 1921 JAJ 109
-,. t
SecAvTn( Pltts)5s’ 84J AD 112
Pitts C&St L 7s. 1900 FAA 109 1 0 9 *
Scab A Roan 5a. 1926 JAJ 10 <s% 108
80*
. . . . . . Read Co gen 4e, 1997 JAJ
Yirg Mid Lat 0a. 1900 MAS n o
Rochester Ry con 5s. 1930 103
2d series 0a.. 1911 MAS 118
,
........ SchRESldelst5s g ’ 35JAD 113%
68
3d series 6s. .1916 MAS 118
Scran Trac lat 08 *32M AN 110
4tb 8©r 3-4-5a.l921MAS 103)4
18
97
Union TermT Lat 5a. FAA
5th series 5s. 1920 MAS 107)4
6
United N J 4 s .. 1944 MAS 1 15 *
Va (State) 3a new.’ 32JAJ
UnTracPltts gen5a’97JAJ 109 1C9*
.........
88)4 84
Fund debt2-3s. 1991JAJ
131 50 paid.
§And interest.
VaA Term 2d 5a. 1900 JAJ
♦PHee include* overdue c m •*
88........ . . . ...1900 JAJ
5100
.........
THE CHRONICLE,
80
J m r je s tr o je m
AND
R oads .
LVol.
Latest dross Earnings.
Week or Mo
1898-9.
1897-8.
l x v iii
Jan. 1 to Latest Datt.
1898-9.
1897-8.
$
S
*
$
80,194
67,973
lu.&Gt.Nortli’n. lstwk Jan.
67.9731
80,194
55,400, 3,140,200 2,662.220
67,100
tlnteroo. (Mex.) WkDec. 24
29,029
34,584
Iowa Central... lstwk Jan.
34,684
29,029
4,566
4,291
Iron RaiLway... December.
50,260
39,546
25,299.
31,791
Jaok. T. A K. W Novemb’r.
325,354’ 273.855
9,296
9,770 j
Kanaw’a&Mion lBtwkJan.
9,296
9,770
RAILROAD EARNINGS.
K.C.F. Scott AM. ithwkDec. 125,563 109.767, 4,835,947; 4,868,486
45,121
41,469 1,469,250; 1,209,318
K.O.Mem.ABir. ithwkDec.
The following table shows the gross earnings of every Kan. C. N. W.... December. 30,103 32,766 338,394 354,476
1TKA.M railroad from which regular weekly or monthly returns Kan. City AOm. 4thwkDec.
7,617
7,589.
251,489;
269,096
47,845
52,479
52.479
47,845
can be obtained. The first two columns of figures give the K. O. Pitts. AG. lstwk Jan.
10,254
7,531
lstwk Jan
10,254
7,581
gross earnings for the latest week or month, and the last two Kan.C.Sub.Belt. ithwkDec.
16,084
15.419,
Keokuk AWest.c
578,783!
530.706
oolumns the earnings for the period from January 1 to and L.
60,020
Erie A West., lstwk52.610
Jan.
52,610
60,020
40,717
33,608
Lehigh A Hud.. December.
Including such latest week or month.
_______
390,631
387,578
The returns o f the street railways are brought together sep Lehigh Val. RR. October .. 2,333,326 2,343,53 3 16,219,119 15,847,081
Leh. V. Coal Co. Ootober... 2,234,740 2,536,331 13,206,028.13,667,315
arately on a subsequent page,
Lex’gtonAEast. November.
26,688
15,614
232,815,
188.772
277,183 291,329 4,555,834
LonglslandRR. December
Latest Grots Earnings.
Jan. 1 to Latest D ale. Long Is. System. December. 284,016 300,794 4,917,932 4.177.525
4,541.713
R o ad s.
6,539
Los Ang. Term.. December.
7,384
90,«31
93,248
WeekorMoi 1898-9. 1897-8
1897-8.
1898-9.
Louis.Ev. ASt.L. 3d wk Dec.
29,08 5
28,144 1,511,342 1,421,628
Lou. H. A St. L.. ithwkDec.
17,430
12,814
498,612.
502,605
$
*
$
*
Louisv.ANashv. lstwk Jan. 396,510 339,310
396,510,
389,340
184,636 Macon ABirm .. December.
Adirondack......INovember.;
14,372
13,690!
192,780!
6,366
6,627 j
60,924
67,106
37,755 Manistique.......December
29,905
Ala. Gt. South., lstwk Jan.
37,755
29,905,
2,303
4,790!
95,059
110,509
Ala. Midland... |October...
568,086 IMexioanCent., lstwk Jan. 257,102 217,170
69,460|
62,698!
715,025
257,102
217,170
A la .N . O.Tex. A Pao. June.
Novemb’ r
57,030
N Orl. AN. E ithwkDec.
52.000 1,447,855 1,323,740 MexicanInter’i. Lstwk Jan. 313,993 251.5261 3,032,310' 2,757,418
IMex. National
124,274 103,662]
124,274'
103,662
30.000
Ala. A Vicksb. 4thwkDeo.
33.000
687,990;
624,057 Mex. Northern.. November.
53,038
39,036
546,377
537,177
32.000
Vicks. Sh.& P. IthwkDec.
35,000,
560,625 tMexioanR’ wav vVkDeo.24
697,161
91.000
77.000 4,062.490 3,670.000
Ailegheny Val. Novemb’r. 230,833 236,016 2,442,306! 2,324,948 Mexican So...... 3d wk Dec.
13,105
632.854
13,641
600,717
23,934
Ann Arbor........ lstwk Jan.'
33,379
33,379 Miuneap. A St.L. Lstwk J an.
23,934
33,042
33,042
29,880
29,880
Ark.Midland... November.
18,140
18,280
112,800
108,799
Jan.
61 315!
52,520
61,315
Atoh. T. AS. Fe. <| ovemb’r . 4,008,903 3,889,246 35,989,195 32,397,650 M. Kan. ASt.P.AS.St.M, Lstwk 52,520
N
Tex. lstwk Jan. 211,530 228,131
211,550,
228,181
Atlanta & Char. Septemb’r. 145,338 143,491 1,261.821 1,213,083 Mo.
Mo.Pao.AIronM istwlc Jan. 433.000 437.000
438.000
437.000
Atl. K n o x .& N o . December.
28,476
27,142
324,561
290,546
Central Br’oli. lstwk Jau.
17.000
25.000
17,000
25.000
Atlanta & W. P. November.
56,125
54,064
507,565
531,123
T o t a l........ lstwk Jan. 455.000 462.000
455,000;
462.000
Atl.C’stLine S.O August__ 123,530 115,002
Mobile A Birin.. December
36,550
51,916
389,4041
328,889
7,632
Atlan. AD anv.. lstwk Jan.
10,491
7,632
10,491 Mobile A Ohio.. December. 438.0 JO
4'.’1,027 4,433,211 4,012,704
Austin AN’ wesV October...
22.471
16,111
122,272
140,658
Balt A Ohio— November 2,470,658 2,254,711 25,902,491 23,758,767 Mont.AMex.G’ f. December. 111,714 129,851 1,399,475 1,392,106
December.
Bal. AO,8ou’ w. lstwk Jan. 131,030 124,469
131.030
12 *.,469 Nasli.Ch.ASt.L. October... 549,720 458,379 5,934,206 5,460^929
3,239
4,305
Bath A Ham’nds November.
6,093
6,403
33,216
35,603 NevadaCentral.
R..
Blr. & Atlantic. November.
2,240
4.243
23,154
22,549 N. Y. C. &H.W .. December 3,837,936 3,600,825 45,393,773 45,084.729
N. Y. Ont. &
lstwk Jan.
52.251
47,071
Bruns w’kA West October...
52,251
58.310
47,071
60,061
515.030
479,048 N. Y. Susq. A W. ‘covember. 231,379
Bntf.Rooh.APitt lstwk Jan.
64,314
63,918
64,314
63,948 Norfolk & West, lstwk Jau. 205,615 220,670 2,103,6 71 2.037.526
221,432
Buff.St.M.&3.W Novemb’r.
205,615
30,468
221,432
292.510
6,515
Buffalo A Susq.. October...
5,968
80.083
213,316
65,674
181,339
549.000
512,445 North’n Ala. Ry. ithwkDec.
6.530
5,944
Bnr.C. Rap. AN. ithwkDec. 126,740 115,573 4,583,562 4,292,182 Northes’n (Ga.). Septemb’r.
48,012
42,859
OanadianPaoitlc lstwk Jan. 442,000 401,000
442.000
401,000 NortlTnOentral Novemb’r. 643,537 615,187 6,050,407 6,146,263
Oar. Midland.... November,
5,839
5,435
54,526 North’n Pacific. 4thwkDee. 571,369 544,011 25,076,008 21,020.531
59,978
16,489
Oent.of Georgia, lstwk Jan. 118,396 110.095
18,445
15,489
18,445
118,396
110,095 Ohio River........ lstwk Jan
14,170
Central of N. J.. Novemb’r. 1.221,992 1,154,651 11,551,424 11,635,168 OliioRiv.AClias. August___
12,744
128.040
112,050
84,426
Central Pacittc. Ootober... 1,601,743 1,523,391 13,246,846 11,632,058 Ohio Southern.. December.
82,913
719,044
729.172
lstwk Jan.
Charlest’n&Sav Ootober...
45,719
107,303
119,803
41,826
563,585
507,217 Oreg.RR.ANav. October... 107,308 119,801
Oreg. Sh. Line..
Chas’n A W.Car. August_
804,570 588.858 5,664,217 4,890,209
_
54,833
55,687
Pao. Coast Co.. October...
Chattan’ga So ithwkDec.
483,923 319.002 4,496,173 3,251,598
1,854
2,013
68,904
73,156 Paoiflc M ail..... Novemb’r
Ches. & Ohio— 1stwk J an. 186,400 194,070
334.79 7 338,079 4,096,031 3,852,405
186,400
194,070
Ohio. Bur. & Q.d Novemb’r. 3,980.439 3,803,297 39,536,742 36,413.7 9 Pennsylvania^.. Novemb’r. 5,826,024 5,819,924 59,866,608 53,605,208
PeorlaDeo.&Ev. i stwk Jan.
Chic. & East.ill. lstwk Jan.
14,993
19,067
90.310 103,503
14,993
19,067
90,340
106,503 Petersburg.......Septemb’r.
Ohio. Gt. West’ll lstwk Jan.
46,778
40,510
92,715
489,015
80,062
432,235
9 2,7 L5
80,062 Phila. & Erie... November,
Ohio. lnd. & L.. lstwk Jan.
492,703 496,164 4,198,096 4,255.056
50,010
50.587
50,010
50,587
Chlo.Mll.ASt.P. lstwk Jan. 681,023 504,126
681,028
504,126 Phila. & Read... Novemb’r. 2,185,462 1,924,717 20,088,362 19,337,280
Coal A Ir. Co. Novemb’r. 2,476,572 2,227,059 19,294,100
Chio.AN’ thw’n. November. 3,374,871 3.20 1,711 33,878,101 30,793,962
Ohio.Peo.&St.L. December.
Tot. both Co’s. Novemb’r 4,662,031 4,151,776 39,332,462 20,423,546
79.472
80,690
39,760,826
856,965
836,159
Chio.R’ k I. A P. Novemb’r. 1,882,356 1,852,589 19.150,411 17,224.969 Phil. R. A N. E. Novemb’ r.
52,905
68.213
580,898
606.886
Chio,St.P.M.AO. Novemb’ r. 1,089,242 992,571 8,643,284 7,925,445 Phil. Wilm. A B, Novemb’r
836,459 753.859 9,090,518 8,349,318
Chlo.Ter.Tr.RR. lstwk Jan.
Pitts.O.C.&St.L, November.
21,674
21,648
21,674
21,618 Pitts.Lisb.A Wn December. 1,473,690 1,384,294 14,754.186 13,580,709
Ohio. AW. Mioh. lstwT Jan.
k
3,819
4,821
29.557
46,370
23,454
47,471
2 9 ,‘57
23,454
Choo.Ok.&Gulf. 4thwkDeo.
10,308
49,987
7,915
10,308
28,855 1,678,512 1,232,438 Pitts.Bes.AL.E. lstwk Jan.
7,945
Oin.G.APorts’tl) December.
Pitts. AWes’n .. ithwkDec.
47.029
42,502 1,785,411 1,713,134
5,796
5,365
Cln.N.O. AT. P. December, 381,685 340,544 4,664,835
Pitts.Ol.ATol. ithwkDec.
27,655
24,218 1,056,595
907,290
3,659,113
Cln.Ports.A Vir. lstwk Jan.
Pitts. Pa. A F. ithwkDec.
6,323
4,206
10,450
372,894
3.600
373.205
4,206
3,600
Clev. Ak. & Col. lstwk Jan.
Total system. ithwkDec.
81,012
14,915
77,170 3,232,361 3,000,413
11,831
14,915
14,831 Pittsb.Yo.&A.. Novemb’r.
Clev.Can.&So.. 3d wk Dec.
110,673 136,232 1,364,876 1,349,607
13,682
14.836
01.Cln.Ch.A8t. L ithwkDec. 550,731 441,674 14,685,970
Rloh.Fr’ xsbAP. November.
81.251
55,260
790,875
643,493
Peo. A East’n. December, 182,382 166,122 1,910,026 13,848,53i Rich. A Petersb. Septemb’r.
28.239
26,827
29 1,473
256.751
1,750,024 Rio Grande J e t October
OLLor. AWlieel lstwk Jan.
39,669
27.83 i 27,009
48.002
320,789
302,204
27,834
27,009 RioGrande So’n lstw k Jan.
OoL Midland_ December 144,157 148,516 1,654,588
_
8,565
8,053
8,565
8,053
1,748,727 RioGr’ de West, lstwk Jan.
Col.H.V. &Tol. December, 264,687 262,631 2,756,552
42,200
39.000
42,200
39.0 30
2,533,605 St. Jos.& G r.I... lstwk Jan.
Col. Sand’y AH. lstwk Jan
26.030
12,936
14,730
28,257
26,030
12,936
28,257
14,730
Colusa A Lake.. December.
30,340
1,000
32,958
341,178
1.600
308,853
16,759
23.055 St. L.Clii.ASt.P. December.
Crystal.............. Novemb’r.
1,169
9,000
1,233
5,98 L
77,166
13,195
66,128
12,405 St.L.Ken’ etA So December.
OnmbTd Valley November,
StL.ASanFran. lstwk Jan. 115,946
73,015
69.537
95,059
115,946
782,034
95.0 39
757,329 St.L. Southwest, lstwk Jan.
JDenv. & Rio Gr lstwk Jan. 162,500 148.400
105,700
96,900
105,700
162,500
96,900
148,400 St.Paul & Dill..
DesM. N. A W.. December,
39,591
37,231
520,164
430,382 San. Ant. & A. P December. 138,086 119,354 1, *88,298 1,613,2 L7
Det.G.Rap. &W lstwk Jan.
Novemb’r. 215.349 205,414 1,943,645 1,861.430
23,623
21,741
23,623
21,74L
Det. & Lima No. 3dwk Sept.
8,917
67.001
8,762
59,324
876,826
308,753
805 660
180,829 SanFran.AN.P December.
Det.A Maoklnac November.
36,351
16,173
33,990
14,396
804,357
484,503
688.757
434,617 S. Fe Pres. A Ph.;3d wk Dec.
Duluth S.S.AAtl IthwkDec.
62,470
47,830 1,821,807 1,591,115 Sav.Fla. A West. IOctober... 321,469 299.922 3,487,700 2,814,770
ElginJol.AEast. December. 152,955 127,884
20,923
13.235
b85,926
1.562,895 1,200,573 Sher.Shrev.A8o. IthwkDec.
328,551
Srie................... Novemb’r. 2,948,480 2.956.020
22.075
12,974
232.264
30,067,557 30,343,777 811. Sprs. O. A G. O ctober...
161.820
Eureka Springs. November,
5,073
5,552
40,726
43,562
228,627
52,742
222.985
58,884 8ioux C. A N or. October...
S vans. A lnd’ pi is lstwk Jan
5,340
5,633
2,390
1,658
5,310
5,633 So. Haven A E. December.
Kvansv.A T. H. lstwk Jan.
20,765
19,895
20,765
19,895 So. Pacific Go. Find. Ft.W.AW. October...
7,944
Gal.Har.AS.A October...
6,548
286,134 4,445,740 3,601 611
Fitchburg......... October...
Louis’a. West. October...
21,528 1,010,875
728,495
Flint & P. Marq lstwk Jan. 726,718 727,162 6,055.470 6,005^983
51,673
Morgan’ sLAT. Ootober...
45,782
223,100 5,103,458 3.940,709
51,673
45,782
Fla.Cent. & Pen. IthwkDec.
60,827
N.Y. T. A Mex. Ootober...
50,409 3,014.652 2,242,681
33,133
276,4 4
281,301
Ft,W'thADen.C. 4thwkDec.
30,801
Tex. A N. Orl.. October...
40,570, 1,462 207 1,319,830
79,343 1,391,207 1.192,804
Ft. W. A Rio Gr -IthwkDec.
16.558
Atl.Prop’tes.6 Ootober...
13,128
551,754
685.66S
419,-=>39
Gads. A Att. U December.
936
So. Pao. of Cal. October...
840
916,769
7,679
8,686
Georgia RR----- Lst wk .Tan.
29,628
So.Pao.ofAriz. Ootober...
29,220
196,030 2,560,750 2,071,627
29.628
29,220
Georgia A Ala.. lstwk Jan.
2 0 ,2 2 2
So.Pao.ofN.M. October...
23,034
20.222
98.623 1,294,659 1,096,939
23,034
Ga.Car’laA No. November.
95,396
Pacific system Ootober...
83,706
795,786
3.355,575
806,322
Geo.8o. A Fla. December,
79,689
Total of all./ Novemb’r.
80.145
967,160
4,896,881 52,808,896 16,037,397
874,334
Gr. Rap. A ln d .. lstwk Jan.
42,714
34.836
42,714
388,660
429.311
388,660
34.S36 Southern Ry.g.. lstwk Jan.
Clu. R. A Ft.W. lstwk Jan.
8,106
6,403
8,106
35,224
1,801
32,804
6,403 StonyCl.AC.Mt. Ootober...
Traverse City. lBtwk Jan.
643
694
643
9,476
393.411
344.244
694 Texas Central.. 4thwk Dec.
Mus.G. R. AI. lstwk Jan.
1,381
2,135
1,381
151,757
140,85
151,757
2,135 Texas APaclflo. IstwtcJau.
Tot all lines. lstwk Jan.
52.844
44,068
52,844
4,135
6L.503
40,235
44,038 Tex.S.V.A N.W. December.
Gr.Tr’nkSyst’ m IthwkDec. 794,043 729,915
24,121,2 iO 23,547,844 Toi.&OhioCent. lstwk Jan.
31,973
28,285
31,973
Chio.AGr. Tr. 3d wk Deo.
9M 98
65,641 3,533,109 2,979.495 Tol. P. & West.. ithwkDec.
23,604
97:1,847
941,171
Det.Gr.H.AM. 3d wk Dec.
16.844
S
17,199
9.3,796
52,836 2,540,772 2,244,812
957,133 Tol. St. L. < sK.C. ithwkDec.
Great North’n—
Union Pao. RR.. Novemb’r.
1,837,194 16,492.936 15,169,812
St. P. M. A M. December.
89,169 3,771,456 3,554,572
East of Mlnu. December 1,810,629 1,529,267 19,403,870 16,601,072 Jn.P.Den.AG.. ithwkDec.
244,391 153,479
lstwk Jan.
205,259
239,9z3
205,259
Montana Cent December. 177,689 198,438 2,655,120 I,u70,ri27 Wabash............. Ju n e........
2,002,034 2,085.726 WacoANorthw.
12,136
/ 8,751
97,518
Tot. system December. 2,232,709 1,881,184 24,061,024
20,747,425 W.JerseyASea'e Novemb’ r.
147,463 2,510,883 2,387,366
G'lfB’mntAK.O December.
13,897
14,636
180,446
132,714 W.V.Cen.APitts October...
94,204
964.311
943,629
GnU A Chicago. Novem ber.
9,595
7,845
53,407
45,049 WestVa. A Pitts. Ootober...
36.235
324,14rS
329,857
Hoos.Tun.AWlL December.
4,137
3,309
54,274
50,234
54,923 Western of Ala. November.
50,234
65,636
Hons. & Tex. Oen October... 556.245 341,719
West. N.
ithwkDec.
2,752,236
80,700 3,094,912 3,130.464
Illinois Central! December. 12576,16212578244 ♦27645851 2,483,410 Wheel. AY. A Pa. lstwk Jan.
L. Erie
*24738995
26,063
22,676
26,063
Ind. Deo.*.T~— August ..
A West.
in ri
50,343
39,522
305.863 Wil. Col. A Aug. June___
344,384
310,932
lnd. h i A Iowa. Novomb’r. 1 63.2471 62,525 _ 305,448
111.
_ 768,282
687,598 Wiaoonsin Cent. 14tliwkDec.
112,236 4,895,061 4,519,290
glailroad %ntzllxQzntz.
THE CHRONICLE
J a n u a r y 14, 1899, J
L a test Grots Earnings.
KOAXIB,
Week or Mo 1898-9.
Wrightsv.ATen. December, i
York Southern. November.
$
8,57"
6,230
1897-8.
$
7,693'
6,030
Jail. 1 to L a te s t D a le.
1898-9.
$
*
67,52.
64,39
« T 6 e « figures Include results on leased lines. i> Inoludes earning
from ferries, etc., not given separately.
c Inoludes Des Moines &
Kansas City l o r all periods.
d Includes operations ot Hie Ohio. Bur
lington A Norther!'. In both years.
« Inoludes results on A. T. & S.
F e , Gulf Col. A -S. Fe, 3. Fe Pacific 'old Atlantia A P aolflol and 8 0 .
Cal. By.
t Inoludes the Pacific system, the Atlantlo properties and
the Houston A Texas Central system, g Beginning July, earnings of
Memphis Division and Mtddlesborongh A Aiken branches are included
fo r both years. A Results on Cin. Lebanon Northern are included
form September l i n both years, i TrarHc suspended oaaoooun t o f
Yellow Fever.
* Results on Kansas City A Independence Air Line are not included
for either year.
t Includes Chesapeake A Ohio So’ western for both years, hut Ohio,
▼alley and Chicago and for Texas 1898 only. Results on YazooBranch
excluded after July 1,1398.
1 Mexican currency.
t Covers results o f lines Ireotly operated east of Pittsburg.
L a te s t G ro s s E a r n in g s b y W eek s.— T h e latest w eek ly earn
lo g s in the fo re g o in g are separately su m m ed u p as fo llo w s :
F o r th e first w eek o f J a n u a ry ou r p relim in a ry sta tem en t
co v e rs 56 roads, and sh ow s *3'39 per ce n t in crease in the
a ggreg ate o v e r th e sam e w eek last year.
1*1 m eek o f J a n u a r y .
1899.
St. Lools South western
Southern Railway—
Texas A P a cin o...........
Toledo A Ohio Central..
Wabash................ .
Wheeling A Lake E rie..
Total (5(1 roads) ...
Metinorease (8'39 p. o.
s
37.755
10,491
33,379
124,46-'
63,94401.O t
O
110.095
194.070
106.50:t
80,062
50,585
504,12*
21.6(8
23,454
! 4,931
27. €09
14.74c
21.74
148,4*0
5,633
19,S9>
45,762
29,221
23.084
34,836
6,403
694
2.13?
80,194
29,029
9.770
47,845
7.58:
60.020
399.340
217,170
103,66.
29.680
228,181
437,00*
25, Ore
*7,071
221,432
119,863
19,067
7,9*5
StQ5i
39.004
23,257
95,0^9
96,900
388.66*
151,757
3 1,973
205.259
26,063
5.045,851
Alabama (It. Southern...
Atlantic A Danville..___
Ann Arbor........................
Bait A Ohio Southwest..
Buffalo Booh. A 1 ittsbV
Canadian Pacino. ._ .. .
Central o f Georgia........
Chesapeake A Ohio___
Chicago A Bash Illinois
Ohio. Great Western.___
Chic.lBdlan'Us A Louisv.
Chicago Mllw. A St. Pan
Chic. Term. Transfer ..
Chicago A W. Michigan
Clove. AWron A Col.........
Ulev. Lorain A Whsel'g
Col. Sandusky A HookV
Dot. Gd. Rap. A Western
Denver a Rio Grande...
Evansv. A Indianapolis.
Evansv. A Terre Haute
Flint A Pere Marquette
Georgia ........................
Georgia A Alabam a......
Grand Rapids A rndlana
Cto. Hion. A Ft. Wayne
Traverse City................
Musk. Hr. Rap. A Ind.
International A OS. No.
Iowa Central......... .—
Kanawna A Michigan,..
Kan. City Pltteh. A Gnu
Kan. City Sub. Belt.......
Lake Erie A Western....
Louisville A Nashville..
Mexican Central----- ...
Mexican N ation a l........
Minneapolis A St. Louie
Mo. Kansas A T exas..—
Mo. Faoltio » IronM t...
Central Branch._____
R, Y. Ontario A Wester
Norfolk A Western------Oregon KB. A Ni»v.........
Peoria Deo. A Evansv..
PHtsta. Bess. A L. Erle.
Klo Grande Southern_
_
Bio Grande W estern....
St. Joseph A Gd. Island
1898.
8
29,905
7,632
23,934
131,03c
64,314
442.000
118,390
186,400!
96,34(1 j
92,7«5
50,010
681,0221,674
29,557
11.91
27,834
12.936
23,623
162.501
5,344i
20,765
51,673
29.028
20.222
42,714
8,106
613
1,361
67,973
34,58*
9,2? 0
52.4,70
10/. 5 i
52 0LC
390.510
257,102
124.274
33.042
211,550
439.001
17.000
52.251
205.615
107,30t
14,993
10.308
8,565
42,500
26.030
115,94*
105,70<
429.31!
140.851
2M S5
239,92;
22,676
5,306,951
|
....--
Increase
Decrease.
s
0,501;
366
41,000
8.301
12,655
176,902
26;
6,103
Si
825
1,882
14,10€
87C
5,99
408
7,878
1,703
5,555
4,634
2,673
7 .17 c
39,932
20.612
3,16:
.........
1,000
5,180
2,363
512
3.20C
20,887
8,8 0<
40,65 J
34,66-i
486.548
338,900
*
7,950
2,859
9,415
7,670
16,163
577
1,794
293
2,862
51
754
12,221
474
7,410
16,631
8,000
15,817
12,495
4.074
. . . . __ _
2,227
........
........
10,906
3.688
3,387
147,648
..........
F o r th e fou rth w eek o f D ecem ber ou r final statem en t covers
90 roads and sh o w s 11-00 per cen t in crease in th e aggregate
over the sam e w eek la st year.
4(A meek o t D ecem b er.
1898.
1897.
4dh week o f December.
1897-8
Increase.
%
$
$
Prevtonely rop'd (58r'<lal 10,572,741 .9,419,484 1,247,73:
Ala. No, A Tex. P a m 5.00C
52,000
57,000
New Ore. A No. Hast...
....
30,000
33,000
Ala. A Vicksburg------35,000
32,000
Vick*. 3h. A Pan_
_
■. . .
2,013
1,854
Chattanooga Southern..
647
26,621
25,074
Chic. Term. Transfer ...
15.364
35,061
80,425
Chisago A We* t MioftigaB
358
7,170
7,523
Cin.Ports. A V ir ...........
109,057
44t,674
550,731
Oleve. Cin. Chic. A St. L ..
... . . . . .
22,983
21,201
CoL Sandnsky A Hoek'g.
6,661
34,369
41,530
Det. Gd. Rapids A West
14.64‘
62,470
47.83<
DiUnth So. Shore A Ar,i
10,418
50,409
60,827
Fla. Cent. A Peninsular.
40,570
30,801
Ft, Worth A Denver City
1.922
50,443
Georgia ----- ------- . . . —
14,563
55,618
70,181
Grand Rapids A Indiana
1,50)
11,818
13,322
Cincinnati B. A Ft. W.
149
1.073
1,222
Traverse City.......... ...
3,53c
3,121
Mask, Or. Rap. A Ind
11.700
55.40D
07,100
Interoceanlo (Mex.t. —
15,790
109,767
125,503
Kan, City Ft. S. A Mem.
3,652
41,469
45,12
Kan. City Mem. A Blnn
23
7,589
76 7
Kansas City A Omaha
Decrease.
$
94,475
...
3,000
3,000
159
. . . . . . . .
___ _ . . . .
1,787
... .
- --
9,769
. . . . . . . .
409
.....a w .
. . . . . . . .
Keokuk & Western........
Mexican Railway..........
Minn. St. P. A 8. 8to. M.
Northern Alabama......
Northern Pacific...........
Rio Grande Western__
Sherman Shrere. & So...
Texas Central........... ...
Toledo ^eoria West’n .
Toledo St. Ii. & Kan. City
Un. Pao. Den. A Gulf...
Western N. Y. A Penn..
81
1898.
16,084
91,000
91,074
6,515
571,S69
95,600
20.923
S.309
29.282
57,783
74,992
87,600
1897
Increase.
8
ll,419
77,000
90,234
5.968
544,011
104.00'
13,235
9,476
23.604
52,83*
89.169
80,700
665
14,00n
840
547
Total <90 roads)..—... 13,079,950 11,088,479
Net increase {1T90 r> c.
.
1,527,814
1.391,471
27,358
7,688
5,678
4.947
6,90(
Decrease,
$
*
***
8,400
i,167
14,177
136,34a
Net E a rn in g s M on th ly t o L a test D ates, — Thefcabia fo llo w
tng sh ow s th e gross and n e t earn in gs o f S t e a m ra ilroa d s
rep orted th is w eek . A fu ll d eta iled sta tem en t, in clu d in g a l l
roads fr o m w h ioh m o n th ly retu rn s ca n be ob ta in ed, is giv en
on ce a m o n th in these colu m n s, a n d th e la test sta tem en t o'
this k in d w ill be fo u n d in th e C h r o n ic l e o f D ecem ber 17,
1898. T h e n e x t w ill appear in th e issue o f Janu ary 21,1899.
----- B ss Sarnm ---- .,----- M Earning*.----ra
gs.
et
1898.
1897.
1398.
1897
Hoads.
129,994
Ann A rb or.............. Nov.
119,645
21.977
43,497
Jan. I to Nov. 30— 1.345,599 1,190,065
282,287
390,063
Atlantic A Danv’e.a.,Oet,
50,627
48,913
16,150
12,277
Jan. 1 to Oct. 31.......
462,014
114,705
440,005
114,317
July 1 to Oot. 31.......
181,459
179,761
48,992
39,819
Ohio. Ind. A Louis, a .Nov.
274,109
280,743
74,454
81,534
Jan. 1 to Nov. 3 0 .... 3,049,458 2,945,0S7
922,063
897,636
July 1 to Nov. 30___ 1,509,151 1,527,794
498,570
511,198
30,340
147,825
Chlo. A West Mich..Nov.
166,462
35,907
Jan. 1 to Nov. 3 0 .... 1,810,837 1,515,655
398.131
319,090
169,129
OhoctawOkLAG.b Nov. 216,238
97,996
77,960
377,813
Jan. 1 to Nov. 8 0 .... 1,532,921 1,136,593
557,758
206,620
Clev. Cln.C. A St. L.n Nov. 1,249,601 1,209,479
304,151
Jan. 1 to Nov. 30....13,330,098 12:523,511 3,524,252 2,957,312
July 1 to Nov. 30 . . . 6,430,347 6,095,822 1,369,911 1,383,002
39,650
Peoria A Eaat’n a.Nov. 167,292
42.103
148,448
397,481
352,375
Jan. 1 to Nov. 3 0 .... 1,727,611 1,581,903
189,405
184,078
786,178
July 1 to Nov. 3 0 ,...
796,836
30,401
120,173
29,721
Oet. Gu. Rap. A W.a.Nov. 138,235
259,392
309,155
Jan. 1 to Nov. 30 .. . 1,403,677 1,193,539
72,821
247,230
75.103
Flint A Pere Marq.a.Nov.
275,454
673,505
719,605
Jan. 1 to Nov. 3 0 .... 2,781,964 2,532,783
38,530
114,209
37,228
Georgia A Alab'a.a.Nov.
122,056
308,952
274,691
_
Jan, 1 to Nov. 30_ 1,153,675 1,009.431
170,443
512,737
17’ ,615
July l t o Nov. 3 0 ....
565,270
992,955
923.132
Illinois Central.a..-Nov. 2,503,749 2,563,709
Jan. 1 to N ov.30....25,069,689 22,210,751 7,602,990 6,553,323
3,597,918
July 1 to Nov. 3 0 .... 11,839,170 11,509,057 3,560,929
55,130
44,058
Iowa Central.b....... Nov.
183,467
167,841
507,698
510,002
Jan. 1 to Nov. 3 0 .... 1,826,161 1,568,222
292,538
253,384
516,200
July 1 to Nov. 3 0 ....
927.301
2,979
2,990
Jackson Gas-L. C o...D ec.................
23,319
20,400
Jan. 1 to Deo. 3 1 ..—
.... .......
19.177
21,674
Mar. 1 to Deo. 31........................
128,916
131,594
466,158
Kan. C. Ft.'8. AM. a. Nov.
146,387
Jan. 1 to Nov. 30 — 4,471,131 4,486,821 1,385.928 1,396,850
711,541
646,207
Jnly l t o Nov. 3 0 .... 2,033,684 2,218,522
47,823
51,528
121,430
Kan. C. Mem.A B .a.N ov.
145,984
231,054
313,675
Jan. 1 to Nov. 3 0 .... 1,320*304 1,069,701
119,546
124,317
485,362
July l t o Nov. 3 0 ....
552,079
494,622 C292.961 c236,019
Mexican National..Nov.
585,029
Jan. I to Nov. 30 . . . 5,712,517 5,411,182 e2684,951 c2,667,527
20,739
27,574
39,036
Mexloan Northern. Nov.
53,038
309,657
296,358
537,177
Jan. 1 to Nov. 3 0 ...,
510,377
137,430
112,697
229,963
July 1 to Nov. 3 0 ....
269,047
14,302
14,49 2
39,991
Mobile ABlrm’gh’m.Nov.
14,394
33,106
78,165
270,974
Jan. 1 to Nov. 30---352,8o4
11,152
33,591
126,346
July l t o Nov. 3 0 ....
170,821
153,771
170,268
496,164
Fhlla. A E rie.b ........Nov. 492,703
Jan. 1 to Nov. 3 0 .... 4,198,036 4,255,056 1,311,705 1,271, L89
25,344
27,793
8t. Paul Qas-Lt. Co ..D eo...................
248,853
273,207
can. i to Deo. 3 1 ................... . .
147,833
150,966
358,279
Un. P. D. A G n lf.b-.N ov. 351,908
912,143
Jan. I to Noth 3 0 .... 3,461,459 3,215,401 1,187.007
18,079
17,598
36,285
36,330
W. Va. A Pitts.b, ..Oct.
152,891
131,294
329,857
324.145
Jau. 1 to Oct, 31..—
72,912
66,240
141,505
July 1 to Oot. 31......
141,912
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes,
c Deductingotherexpendltures for repairs, replacements and general
expenses, net income applicable to Interest on bonds in No 'ember was
8135,533, against $86,081 last year, and from January l to Nov. 30
$1,182,2 l 4, against $1,270,892. This is the result In. Mexioan doEars
treated (according to the company’ s method of keeping its accounts)
as equivalent to 80 cents in United States money—that is, depred
ation beyond 20 per oeat has already been allowed for.
In te r e s t C h arges and S u rp lu s ,— The fo llo w in g roads, in
addition to their gross a nd aet earn ings g iv e n in th e fo r e
goin g , also rep ort ch arges for interest, &a., w ith th e surplus
or d eficit a b ov e or b elow those ch a rges
■Bat. o f Set Rarn’gs.~.
■Int.,Rentals, tic.
1898.
1897.
1897.
1898.
$
$
$
$
R oad*.
1,074 def.4,258
34,598
34,892
Chic. A W. Mioh.......Nov.
17,075 def.80,297
379,387
381,050
Jan. 1 to Nov. 30 ...
58,960
76,496
19,000
21,500
Oboo. Okla. A Gulf..Nov.
26,180
115,614
240,410
248,537
Clev. Cin. Ch. A 8t. L. Nov.
180,486
659,786
July 1 to Nov. 3 0 .... 1,210,125 1,202,516
2,849
5,302
36,801
Peoria A Eastern.Nov.
36,801
5,397
70
184,008
July 1 to Nov. 3 0 ....
184,003
14,254
12,522
16,147
Det. Gd.Rap.AWest.Nov.
17,199
83,499
127,641
175,933
Jan. 1 to Nov. 3 0 ....
181,514
18,261
20,866
54,560
Flint A Pere Marq..Nov.
54.237
85,413
128,874
588,092
Jan. 1 to Nov. 3 0 ....
590,731
ITHE CHRONICLE.
82
Roads.
Kan. 0. Ft. 8. A M ..N ov.
July l to Nov. 3 0 ....
Kan. 0. Mem. A Blr.Nov.
July I to Nov. 3 0 ....
■Int., Rentals,
1898.
$
115,336
579.907
14,906
79,958
<fr.---- , r-Bal.ofNel Earnings.-,
1897.
1898.
1897.
$
$
$
5,977
16,259
122,939
129,032
66,300
582,509
30,816
36,622
17,007
37,043
41,859
82,503
I STREET RAILWAYS AND TRACTION COMPANIES.
[V ol. LXVII1,
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, &o,, with the
surplus or deficit above or below those oharges.
.—Ini., rentals, <tc.— r-Bal. o f Net E a r n s .1898.
1897.
1898.
1897.
Roads.
United Tract.(Pltts.)Deo.
July 1 to Deo. 3 1 ....
*
21,541
149,017
52,560
311,387
f
...........
..........
The following table shows the gross earnings tor the latest
period of all s t r k e t railways from which we are able to ob
tain weekly or monthly returns. The arrangement of the
ANNUAL REPORTS.
table is the same as that for the steam roads—that is, the
tirst two columns of figures give the gross earnings for the
A n n u a l R e p o r t s .— The usual index is om itte d this w e ek
latest week or month, and the last two columns the earnings but that published in the C h r o n ic l e of Dec. 31 cov ers a il refor the calendar year from January 1 to and including such pprts published to Dec. 24, inclusive.
latest week or month.
L e h ig h V a lle y R a ilw a y .
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross Earnings.
G ross
E
a r n in g s .
WeekorMo\ 1898.
S
1897.
Jan. 1 to Latest Bate.
1898.
1897.
$
Akron BedTd A Clev. November.
6,833
7.097
94,335
89,606
Albany Railway....... November. 53,978 51,266 584.611 54 ',667
4.5 1 7
Amsterdam 8t. Ry. November.
49,304
4,440
45.279
Atlanta Railway___ Septemb'r
67.652
75,048
8,568
8.346
Baltimore Con. Ry,*.. November. 188,023 179.857 2,171,523 2,132.16*
7,314
Bay Cities Consol— November.
78,786
7,494
75,125
Binghamton St. Ry.. November. 11.791 11,991 146,867 137,386
Bridgeport Traction November. 24,518 25,76-. 324,497 293,815
Brockton Con. St. Ry Septemb’r. 32,030 34,394 259,718 2*'6,421
Brooklyn Elevated.. November. 174,811 150,015 1,547,594 1,533,861
Br’ klyn Rap. Tr. C o .Brooklyn Heights ) December. 472,500 429,875 5,847,568
5,182,911
B’ klynQ’na ASub. $
Charleston City Ry. November. 12,874 12.959 158,469
Cln. & Miami Val.. .. November.
5,442
9.973
Citiz ns’CMunoieind.) Septemb’r
52*410
5,470
5,493
46,531
1,637
City Elec. (Rome.Ga.) November.
1.952
21,609
21,227
Cleveland Eleotrie... November. 144,834 138,827 1,560,692 1,485.537
Cleve. PainBv. A E. November.
7.319
8,268
97,619
80,396
Columbus 8t. Ry. (O.) Deoember. 62,260 55,496 687,572 6 9,837
Consol. Traot. (Pitts.) November. 190,000
Denver Con. Trarnw. November. 60.835 57,033 686*3*43 658*372
Detroit Citi’ns’ St.Ry l8twk Jan. 22,683 21,236
2 2 ,6 8 -i
21,236
Detroit Elec. Ry........ letwk Jan.
7,651
7,944
7,651
7,944
Dnlnth 8t. Ry........... November. 15,866 16.242 186,466 175,243
Erie Elec. Motor....... October... 11,076 10,661 120,899 117,502
F t Wayne A Belle
Island (Detroit) — lstwk.Jau.
3,296
3,366
3,366
3,296
Harrisburg Traction. November. 25.836 18,883 278,847 208,410
Herkimer Mohawk II
Ion A Fkfort El. Ry. November.
3,382
3.320
37,234
36,117
Honston Eleo. St. Ry. November. 16,850 15,091 181,170 169,209
Interstate Consol, oi
North Attleboro_ November. 10,859 10,182
_
Kingston City Ry_
_ October...
4,446
5,148
59,402
45,587
Lehigh Traotlon........ November.
8,480
7,947
88,154
99,945
Lima Railway (Ohio) Ootober...
3,720
2,830
35,147
30,7 i 9
London St. Ry.(Cau.) November.
7,497
9,232
Lowell Law. A Hav.. Septemb’r. 44,527 45,071 355,426 340,107
Metrop.(Kansas City) 3d wk Oot. 37,128 36,993 1,655,442 1,495,773
Metro. W. Side (Ohio.) November. 115,175 98,817 1,121,624
Montreal Street Ry.. November. 125,325 110,899 1,378,449 1,247,797
Muscatine St. Ry...... November.
4,343
4,619
52,005
48,902
Nassau Elec. (B’klyui November. 145,649 138,527 2,000,554 1,762,981
Newburg 8t. Ry....... November.
5.713
5.878
79,715
77,064
New London 8t. Ry.. November.
3,150
3,1*19
52,689
50.162
New OrleansTraotior November. 105,417 89,042 1,203,430 1,129,327
Norfolk St. Ry.......... October... 15,240 12,882 148,273 124,030
North Chic. 8t. Ry... December. 246,691 244,829 2.921,425 2,818,399
North Shore Traotiot) November. 103,488 105,48 4 1,381,298 1,341,733
OvdonBburg St. Ky... November.
1,467
1.398
18,494
17,924
Paterson Ry.............. November. 29,439 28,830 343,500 317.365
Rlohmond Traction.. November. 10,953
9,403 134,960 122,403
Roxb’h Ch.H.ANor’n November.
7,178
5,240 101,704
80,154
Schnylkill Val. Trac. iNovember.
4,562
58,791
Scranton & Carbond’e INovember.
2,830
3,547
32.41i
8oranton A Pittston.'November.
4,961
5,804
56,464
Scranton Railway__ November.
32,139 33,281 346,42 s 329,492
Syracuse Rap. Tr. Ry. November. 39,081 38.765 414,604 393,146
Toledo Traotlon
Ootober...I 80,774 73,000
Toronto R y .... .... November.1
100,204 89,447
Twin City Rap. Tran. November. 177,622 168.469 1,960,927
Union (N. Bedford).. November. 14,30H 16,238 180 624 1,819.173
204,118
United Tract. (Pitta.) December. 132 630
United Tract. (Provj November. 134.960 141,881 1,549,215
1,616,377 1,582.398
Ualt. Trac. ( Reading) November. 13.886 12,833 186,993 179.851
_
W akefield A S ton e _ November.
3,609
3,9371 52,044
51.030
Waterbary Traction. November. 24,319 22,442 254,93
_
_____
234 341
West Ohloago 8t. Ry Wk Jan. 8. 69,418 68,950
69,418
68,950
Whee me Railway... November. 17,141 14.436 173,029
Wllkesb, A Wv Valley 'August_
_ 46.151 43,409 325,429 152,366
315,604
' Inoludea Baltimore Traotlon and CHty & Suburban for both years.
Street Ballwaj Net Earnings.—The following table gives
the returns of S t r ee t railway gross and netearnings received
this week. In reporting these net earnings for the street rail
ways, we adopt the same plan as that for the steam roads—
that is, we print each week all the returns received that
week, but onoe a month (on the third or the fourth Saturday)
we bring together all the roads furnishing returns, and the
latest statement of this kind will be found in the C h r o n ic l e
j L n a r j ™ bL ri8 9 fl.1 898'
Th<3 n 6 r t w lU a p p e a r i n
Gross Earnings.—
1898.
1897.
Roads.
$
S
R
Oolumbus (O. > Rv. Deo.
8t.
62.260
55,496
J a n .l to Deo. 31. ...
687,572
609.837
Detroit Clt's’ 8t. Ry D3c
108.723
99.366
Jan. 1 to Deo. 31___ 1.136.487 1.102,249
Detroit Eleotrio Ry.Dao.
39,456
35,925
Jan. 1 to Deo. 31___
401,179
394,212
Ft.W.&B.I.Ry (Det.)Dec.
16,442
15,743
Jan. 1 to Deo 3 1 ....
184,221
174,739
United Trac. (Pitts.) Deo.
13 2,030
Jan. I to Deo 31
1.549.215
July 1 to Deo. 3 1 ....
810,099
t h e 1SSU0 o f
Net Eamxngs.---1898.
1897.
35,228
355,429
51.595
584,893
15,245
134.402
6.592
74,439
74.101
84i,756
460,404
*
30,161
320,810
51,270
536.901
13,639
123,410
6,644
67,478
( For the year ending Nov. 30, 1S9S.)
The text of the annual report will be given fully next week,
as will also the comparative balance sheets for three years
of both railroad and coal companies.
O P E R A T IO N S , ET C.
Miles operated...................
............
1897 98.
1,394
1896-97.
1,316
1895-96.
1,295
Antraclte coal car’ d (tons).
Bit.coal&coke ear’ d (tons).
Miseel. freight car’d (tons).
10,726,267
1,348.568
7,373,933
10,278.410
1,251,637
6,339,520
11,534,854
819,938
6,520,570
O p era tion s—
Total oarried (ton s)....
18,948,768
17,819,57318,875,368
Tons antb. coal oar’d 1 mile.1,239,006,949 1,174,92 ),703 1,265,097 168
Tons bitu. coal & coke 1 m. 100,419,434
98.809,353
68 354 844
Tons misc. freights 1 m ile.1,864,684,005 1,543,289,445 1,555,587’,281
Total oarried 1 m ile....3,204,110,388 2,822,028,506 2,,889,539,293
Av. rate ton per m., coal..
'
0-630 cts.
0-672 cts.
0-646 ots.
Av. rate ton per m. mis., fr.
0 406 cts.
0-478 ois.
0-480 cts.
Av. rate ton per m. total
tonnage............................
0500 cts. 0-566 ots. 0 557 cts.
Number pass, oarried.......
4.569,005
4,881,610
5,020,864
Number pass, car'd 1 mile. 146,509,672
135,489,011 128,179,711
A v. rate per pass. n. mile..
1856 ots. 1-973 cts. 2 026 cts.
E A R N IN O S A N D E X P E N S E S .
1897-98.
$
8,436,392
7,-571,978
2,718,859
402,959
612,351
1896-97.
$
8,560,418
7,403.471
2,672,547
36-,667
556.064
8,623,574
7,472,104
2,556,536
340,082
649,601
Total.............................
Expenses—
Maintenance of way, etc..
Maintenance o f equip’t ...
Conducting tran sports...
General................................
Taxes...................................
19,742,538
19,559,167
19,641,897
2,036,050
3,126,027
8,242,966
568,388
214,857
1,953,489
2,99«,864
8,647,390
595.451
220,137
2,082,913
2,604,687
9,230,031
584,712
208,552
Total.................. ..........
Net earnings....................
Per cent of exp. to earn’ e.
14,188,228
5,554,310
71-87
14,413,330
5,145,837
73-69
14,710,894
4,931,002
74-89
E a r n in g s -
From coal............................
From miscall, freights_
_
From passengers..............
From express and mail___
From other items...............
1895-96.
$
INCOME ACCOUNT.
1897.98.
Net earnings........................
Receipts from invests., me.
5,554,310
1,244,915
1896.97.
$
5,145.837
1,036,289
1895.96.
$
4,931,002
676,159
Total................................
Deduct —
State taxes........................ .
Balance of interest acct___
Loss on Morris Canal, etc..
Interest on funded debt_
_
Fixed rent of leased lines..
Int. on Leli. Yal. coal bonds
6,799,255
6,182,126
5,607,161
360,000
19,853
230,073
2,233,521
2,650,-45
831,058
360,000)
25.117 >
23 ‘ ,935)
2,131,051 >
2,613,145 s
710,204
Total charges.
Balance..................
—V. 67, p. 1309.
6,325,154
474,104
6,079,461
sur. 102,663
673,366
4,484,033
590,650
5,748,049
def.140,888
Chicago Great Western.
('Earnings fo r the half-year.)
T h e fo llo w in g is an a p p rox im a te sta tem en t f o r th e h a lfyea r en d in g D ee. 31,1898:
Six ifos.
Gross.
Net.
O h arges.
S u rp lu s.
1898 ............... $2,966,644
$1,030,001
$719,699
$310,301
1 «9 7 ............... 2,791,479
882,614
668,1-0
214,484
1 896............... 2,393,946
642,501
634,462
8,039
T h e ch a rges h ere in clu d e a ll p rior ch a rg es and fu ll in terest
on th e deben tu re stock . T h e d iv id en d o f 3 per ce n t re c e n tly
declared on the p referred shares ca lls fo r $337,448, and leaves
tli© su rp lu s ca rried fo rw a rd aud h eld a va ila b le fo r a d iv iden d on p referred “ A ” at end o f n ex t six m on th s o f $83,853.
Stcitetnent.— P resid ent S tick n ey says in su b sta n ce:
The experience o f two years lias proven that the present m otive Dower and
cars are insufficient. Large expenditures were made prior to July upon the
locom otives and every engine owned was m a -e available fo r use and yet
the eq uipment has proven insufficient to carry the traffic It is imooSiitjle
to tell Just the amount o f business lost, but during the five months Ausrust fo
?
«
'
,
of8 ^ a st^ It is therefore
per (lay in excess? or the ability o f C r com pany to supply. n e* hundred wu-s
the bave
probable that if the ompany's equipment had been sufficient to meet the de maud, the gross earnings o ’ the half-year would h iv e b S n tacrea“ d lully half
a million o f dollars, and the net earnings, say, $250 000 Reabzimr that the
manufacturers would be full o f orders, the company early .n D e ce m b e rco n traded for 10 freight engines ami 7o0 box ears, the engines m be d eU vered to
February and March, and the cars in April and M a y .-V
p . 1308 .
T h e H . B . C la ilin C om p a n y .
( Report fo r half-year and year ending Dec. 31, 1898,)
D u r in g th e la st s ix m o n th s m an y in d u stries im p r o v e d r a p id ly b u t
m a n u fa ctu re rs o f o o tto n aud w o o l w e re g r e a t ly d e p re s se d scan e notto n go o d s se llin g a t th e lo w e s t p rioes e v e r k n o w n . L ate in N o v e m b e r
h o w e v e r, th e u n d e rly in g co n d itio n s o f g e u -ral p ro s p e rity b e g a n t o
g iv e a m o re ch e e rfu l to n e to tra d e , and at th e ol >se o f th e v e a r th e
m a rk e t f o r t e x tile fa b r ic s seem s to b e ou the th re s h o ld o f ra d ica l itup r o Y em en t.
THE CHRONICLE.
J an’ v a l y 14, 1899. J
T h e fo llo w in g , co m p ile d for the C hronicle, compares the
le s n lts o f th e h a lf year's business in four seasons and also the
results fo r th e ca len d a r yea rs 1894-1898 respectively :
INCOME ACCOUNT HALF-YEAR ENDING DEC. 31.
6 mot. to
Net
Dee. 31.
earnings.
1*93............................$2-5,297
1897........................... 301,339
1896
................ 1I-3.403
................ 359,273
1895
1894
................ 245,435
—Interest and disSds.-.
Pref.stoek. Com.stk.(6%)
$142,125
*114,873
142.125
114,873
142.126
114,373
142,126
114,873
142,126
114,873
Balance
surplus.
*28,299
44,341
df.153,596
102,274
dt.11,564
INCOME ACCOUNT TEAR ENDING DEC. 31.
1893
................ *526,545
*284,252
*229,746
$12,547
1897 ........................... 510,944
284,252
229,746
df.3,055
1896
................ 261,518
284,252
229,746 df.252,480
1895
................ 613.970
284.252
229,746
99,972
1894
................. 434,313
234,252
224,746
df.25,63S
Note .—The surplus reserve brought forward from 1897 was $120,356, and this amount added to the surplus of $12,547 for the late year
makes the total surplus reserve for aooount of the common stock
$132,903.
BA LA N C E SH EET DEC. 31.
ISO*.
A net9 -
1*07.
.
Liabilities—
1896.
1897.
rt.?47,454
0,577.698
Cash ................... $1.57«t.207 f 1.3*20.531 Capital................ fQ.O00.nO0 $0,0(0.000
Dividends...........
152.187
Bills receivable.
Open accounts..
Mrrchamlse. ..
St/-re property..
1.090.001
4.H
67.V41
4^IO,7V0
2.730,181
Horsas.trucksJkc
14,-22
Stable..................
27.107
153.187 I Open accounts..
2.014.450 IForeian ex., etc..
4,410.709 |Surplus reserve..
5,475,574 IPrx»flts fall, 1808.
8,730.181I
340.060
H .tvxi
M
285.297
129,404
70j»17
301.335
27.1071
14.822 1
Total.............. f 15.W3.437 f 10.0*1.541
- V . 07. p. 183.
I
Total............... 116.083.137 $10 uSi.511
Swift & Company.
( Report for the year ending Dec. 31, 1398.)
T h e fa cts as to th e in crease m ade in the c o m p on y ’s stock
are g iven on a subsequen t page. A n nu al s ta tis tics fo llo w :
83
T he corp ora tion w ill a b sorb the A m erica n Steel & W ir e
Co. o f Illin ois on the term s b e lo w stated and w ill acquire the
fo llo w in g properties, either by d irect ow nersh ip or th rou gh
the ow n ersh ip o f n ot less than a m a jo rity o f the capital
s to ck w here it is n o t p ra ctica b le to take d ire ct title:
Companies to be Acquired with S15.000.000 o f the $28,000,000
Cash Furriished bv Syndicate. __
Renortrd
CapitaWn
\ $i,on
o,ood
(? )
steel, and open-tieartli steel."as well-as wire in its various*formal* 4.000 000
Oliver k Snyder Steel Co. o f Pittsburg, Pa........................................
1 500*000
Oliver Wire Co. o f P itsburg. Pa...... . ........................................T w o ®
Newcastle W ire Nail Co. o f Newcastle, Pa ..........................................
’ 500 000
Pittsburg Wire Co. o f Pittsburg. Pa .........................................................
290 000
Cincinnati Barbed Wire Fence Co. o f Cincinnati, Ohio......................... 4 000 000
Laidlaw Bale k T ie Co. o f Joliet. III., and Kansas City. Mo................... ’
’
Consolidated Baro-Wire Co. o f Lawrence. Kan., and Joliet, 111......
Newburg Wire A Nall Co. o f Newburg, N. Y ............................................
A syn d ica te has been fo rm e d w h ich w ill fu rn ish $28,000,000. O f this a m ou n t a b ou t $15,000,000 w ill be used fo r the
a b ove pu rch ase and $13,000,000, exclu siv e o f the w ork in g
ca p ita l o f th e several con cern s w h ich w ill enter the n ew
corp ora tion , w ill be a va ila b le fo r w o rk in g capital. W h a tever
m ay be n ecessary o f the w o rk in g capita l m a y be used fo r the
urcha3e o f oth er properties w h ich m a y be agreed u pon
ereafter.
T h * syn d ica te a greem ents p ro v id e th at th e N e w Jersey
com p a n y shall a cq u ire su ch o f th e ca p ita l s tock o f the A m eri
can Steel & W ire Co. o f Illin ois, n ot less than a m a jo rity as
m a y b e offered , on th e fo llo w in g basis:
------ Will Receive ------,
i?aM $100 Stock Illinois Co.
New Pref. Ne w Com.
Common stock ($12,000,000)...............................................
Preferred stock ($12,000,000).................................. $100
$120
60
J. & W /S e lig m a n & C o. o f N e w Y o r k C ity, o r its agent
fo r th at pu rpose, the Illin ois T ru st & S avin gs B ank o f
C h ica go, III., w ill exchangee th e certifica tes o f the A m erica n
Steel & W ir e Co. o f Illin ois, on the ab ove-n a m ed basis, p ro
vid ed th e sam e are presented and dep osited at eith er o f the
T h e fo llo w in g sh ow s the ex ten t and n atu re o f the com
offices a b ove-n a m ed on or b e fo r e T u esday, Jan 17, 1899.
p a n y ’s business d u rin g th e p is t th ree years :
It is desired that th e fiscal year o f the N e w Jersey c o r p o r a
LIVE STOCK HANDLED.
tion com m en ce on Jan. 1. 1899, and th erefore the s to ck
Y ea r—
Cattle.
S heep
H og*.
Total.
h olders in the A m erica n Steel & W ire Co. o f Illin ois are
1898.................. 1,437,84 4
2,658,951
3,9?8,659
8,025.454
1897............... 1.471.381
2,458.287
3,258,551
7,136,219 requested to deposit their s tock p rom p tly. T he en tire board
1 6 9 6 . . . ........... 1,144.084
2.105,210
1,815,614
5,063.9*8 o f directors o f the Illin ois C om pany, b elievin g th at th e c o n
1695.................. 1,076,579
1,880,244
1,652.173
4,608,996 sum m ation o f the plan proposed w ill increase earnings, d e
crease expenses, result in a m ore stable co st o f m an ufactu re,
u a s c r a c tc k k d pro d o ct (in pound*—00,000a omitted).
le r Other 1Tal
B u t and m ore sa tisfa ctory results to the stock h olders, h ave d e
L a rd .
Glue. H ides. tU iser.
Wool •Oil,
low. ter ine. cid ed to exch a n ge th eir o w n shares in the Illin ois co rp o ra
oil.
0,5
.5,5
3.9
90.1
86,2
6 1 ,6
1894 ..1 9 0 .2
2 0 .0
8.1
tion fo r shares in the N ew Jersey corp ora tion upon th e above
78,9
6 0 ,9
1897 ..1 6 1 ,7
5 .3
3 ,5
3 .7
53.7
2 4,2
5,5
It is proposed th at the n ew com p a n y shall declare
1 8 )6 .1 2 9 .1
3.3
63.9
4 8,4
23.4
7 ,5 basis.
3 ,8
5,1
7 3 .9
4,9
4.9
6.4 regu la r qu&terly d ividen ds on the preferred stock o f one and
1895 .1 1 0 ,8
70,1
6 0 ,7
4 1 ,6
16,9
3.1
three quarters per cen t, b egin n in g a b ou t A p ril 1,1899. Su b
* N pa U foot
1 Including
scrip tion s to the syn dica te la rgely exceed $28,000,000, the
B ALAN CE SH E E T D E C E M B E R 31, 1 898.
am ou nt w h ich the sn ydicate is to guarantee. A ll participants
L ia b ilities
t A tte it.
Plants............................ $8,679,682 Capital stock............... $15,000,000 are to receiv e m u ch less than the a m ou n t su b scrib ed . See
Stocks and bonds.......
1,967,214 Bonds....................
2.500,000 also advertisem ent on another page.
Cash................................
933.786 Bills payabls..........
7,861,825
T h e “ Iron A a e ” in an elaborate a rticle on th e con solid a
Insurance premiums..
56,515 Acoounte payable..... 1.316,303
Horses,wag's k h’nees
71,097 Due connections......... 2,017,917 tion and its con stitu en t com pa n ies says :
Total distributive
1896.
199 7.
1896.
eaI*-*.................(over)$150,000,000 $121,598,670 (abt)$ 104,00 \000
Sblp'ts.car-loads.
.........
97,525
77,459
Dividends, 6 p. o.
$862,026
$826,038
9626.038
Inv'tts. lncl. branches
Accounts receivable..
*Due on conslgum'ts..
; 9 up plies, etc................
4.111,308
3,9 44,561
1.695,209
8.313.090
Surplus..........................
1,077,317
The only charge upon the properties of the old company and upon
the concerns acquired is $750,000 in bonds, which expire during the
current year, and before Aug. 1 will be paid off. The new company
wiil have a working oapltul of $17,342,500, less $750,000 bonds as
above. The agfrregate valuation of the plants included in the consoli
Total........................$29,773,362
Total........................$28,773,362 dation is $23,407,500, and it is estimated that the total tonnage of
tinl*»hed material marketed will be between 1 , 100,000 and 1 ,200,000
'Equity over amount drawn, t The quick assets. Including sup tons. It is estimated that the total sales during 1898 were between
plies, etc., are given at $17,604,759.
I Live cattle, sheep, hogs, $52,000,000 and $60,000,000. In spits of the low prices which pre
dressed beef and other products on hand. —V. 67, p. 1*209.
vailed during that year. It is believed that the earnings of the new
company will be increased by a saving in costs. We understand that,
for lustance, it will be possible to reduce the force of travelling sales
men by 250 men.
The properties acquired not only insure practical control of certain
brandies of the coarser wire Industry, but make the consolidated com
pany a dominating factor in nearly every department of it. The
Reorganizations. Etc.— Defaults. Reorganiz ition Plans, concern also acquires an interest in many specialties and become, new
to a
Etc.'— T h e usual in dex is om itted this w ood , b n t that c o v limited extent, a miner of iron ore, and in a larger degree a producer
erin g the item s published to D ecem ber 24, in cln sive, w ill be of pig iron and of steel.
GENERAL
INVESTMENT
NEWS.
found in the C h r o . iclk o f D ecem ber 81.
v
A k ro n B e d fo r d A C le v e la n d ( E l e c t r i c ) R y .— New Loan .—
T h e stock h old ere w ill v ote F eb . 6 on a plan to m ake a in o it
ga g e fo r |1,000,000 fo r the pn rpoee o f “ re fu n d in g the
present m o rtg a g e in debtedness, pa yin g the floa tin g d e b t and
m a k in g extension s and im p ro v e m e n ts .” T h ere are n ow ou t
standing |300,0 00o f first m o r tg a g e e p. c. b o n d s .—V . 6-1, p. 178.
Incorporated.— T he com p a n y filed it s certifica te o f in cor
poration at T ren ton , N. J ., yesterd a y.—V . 68, p. 40.
A m e rica n S u g a r R e fin in g .— Annuol Meeting— Election .—
A t th e annual m eetings o f stock h old ers and directors on
W ednesday, d ire cto r W . B. T h om as was elected Treasurer
and C. R H eike (A u d ito r o f th e com pa n y ) Secreta ry in the
pla ce o f Joh n E. Ssarles, w h o recen tly resigned as S ecretary
and T reasu rer and also as a director.
A m e rica n B e ll T e le p h o n e .— ie a r ’s Output o f Telephones.
L ow ell M. P alm er was elected d irector fo r three years in
— T h e fo llo w in g statem en t is pu blish ed s h o w in g the increase pla ce o f Mr. Searles, and J oh n M ayer w as elected fo r one
in the n u m ber o f telepa on es in use b y licen sees:
y ea r to fill the u nexp ired term o f W illia m D ick , resigned.
e
—lfo n th en d . D ee. 2 0 —
v
-— E n tire Y ea r — . John E. Parsons, w ho is cou n sel fo r the com p a n y , was r e
1899.
1897.
1897 98. 1896-97.
elected fo r a fu ll term o f three years.
Grow* output........................
41,0 3 7
26,3 7 4
354 .5 5 9
241,27*
Change in Company's Policy .— In hisjannual address P resi
Returned ..........................
13,206
8 .799
148.83 k
92.8 6 7
d en t H avem eyer said in pa rt :
Net Increase.
27,771
17,5 7 5
2 0 5 ,7 2 5
148.404
“ The changed ami varying conditions of the business since the last
T ota l telephon es in nse D ec. 20, I t 98, 1,125,246, against stockholders’ meeting has required a change of poiioy which, after
full deliberation liy the board of directors of the company, has re
922,253 in D ecem ber. 1-97.— V . 67. p. 1355.
sulted In a policy that meets wi h their unanimous judgment and
A m e r ic a n S te e l & W ir e C o.— S te e l W ir e C o n s o lid a tio n . approval, t can assure the stockholders that the board and its officers
are doing all in their power to meet these varying conditions. It is
— Plan.— A gre e m e n ts have been entered in to fo r the o rg a n i
understand that
zation o f a co rp o ra tio n n n der th e law s o f the State o f N e w most suitable that the stockholders shouldis in aooordance the poiioy
pursued under these changed conditions
with the
Jersey, to be k n ow n as the A m erica n Steel & W ire Co. T h is nnanimons judgment of the hoard of directors of the oompany.”
co rp o ra tio n w ill have a u th orized ca p ita l as fo llo w s :
Present Accumulated Profits Reservei fo r Working Capi
P r e ferre d ,
C om m on.
tal.— A m otion b y H en ry R . R ea d o f B oston that the a c
7 % cu m 'Ttire.
C a pita l Slock.
$40,000,000 cu m u la ted profits, less dividen ds declared to date, and
$50,000,000
Stock authorized
less th e div id en d paid on Jan. 3, be reserved as a w ork
O f which i*«uabl» In connection with
1 2.0 00 000
exchange of Illinois Co.'s stock....... 21,600,000
in g capital w as adopted, as also a resolu tion a pprovin g
28,000,000 a n ew cod e o f by-law s. In reference to these resolu tion s
To be purchased r»y syndicate................1
Issuable now for other purpose*............. -28 400,000
P resid en t H av em eyer said a fter th e m eetin g :
To remain as treasury stock, a b o u t . ... .. )
84
the
c h r o n ic l e .
Tli® action of the directors on the dividend question does not imply
tat
o
that no dividend will »> declared this year. The changes in the by
tors, to manage exclusively the affairs of the company with the ex
ception of the power to authorize the expenditure of money- in re
lation to the clause in my annual report bearing on the policy ol tne
company, the refcreuee is to the diminishing difference between the
prices of raw and retined sugars. The policy of the company lia*
changed in that the cuts in prices maae by competitors ,iav® “®®n
mot. The whole action of to-day’s meeting is to give wore
trated power to the Executive Committee and the continuation or our
trade relations.
[V o l. L X V IU .
fo r m a l discu ssion o f th e su g g ested rea d ju stm en t o f th e c o m
p a n y ’s finances. N o fo rm a l plan to th a t end w a s presen ted.
Extra Dividend .— B esides th e reg u la r q u a rterly d iv id e n d
o f 2y£ per cen t an ex tra d iv id en d o f 1 per cen t has b een d e
cla red on th e s to ck o f th e B ro o k ly n C ity R R . — Y . 67, p. 1308.
B u ffa lo S t. M a ry ’ s & S o u th w e s t e r n R R .— Listed.— T he
N e w Y o r k S tock E x ch a n g e has listed th e co m p a n y 's $1,000,000 first m o r tg a g e 5 per cen t b o n d s .— V . 67, p. 1108.
C ape F e a r & Y a d k in V a lle y R y .— Proceeds o f Sale .— A t
th e re ce n t sale th e ra ilroa d b ro u g h t $3,110,000, aud certa in
eq u ip m en t $25,000, m a k in g th e tota l p roceed s o f sale $3,135,T h e E xecu tive C om m ittee, w h ich , u n der th e n ew b y law s, 000. The absence o f one o f th e ju d g e s has d ela y ed th e c o n
firm ation o f th e sale, b u t those in terested ca lcu la te a b o u t as
has m n ch extended im portan ce, is: H . O. H av em ever, C H
Senff, F . O. M atthiessen, W illia m B. T h om as and L o w e ll XL, fo llo w s the a m ou n t w h ich th e b on d s o f each series w ill re
ce iv e . F rom th e $3,135,000 m u st be d ed u cted , sa y, $200,000
P a lm e r.— V. 67, p. 1807.
A tla n ta C o n so lid a te d S tre e t R a ilw a y . — Outstanding fo r th e expenses o f the sale and th e p a y m en t o f $108,000 o f
Loan o f m i Called.— Bonds o f 1891. to th e aggregate of cou p on s h a v in g a p r io r lien . T h is leaves $2,935,000, w h ich ,
$57,000. bein g all the bonds o f th at series n o w outstanding, b y th e fore clo s u re decree, w o u ld b e lo n g : 55 p er cen t t o
are ca lled fo r red em ption and w ill be paid at 105 and in ter Series A . 19 per cen t to Series B , 19’4 p e r ce n t t o Series C a n d
est at the O ld C olo n y T ru st C o.. B oston , M ass., on F eb . 2, 6'G per cen t to general m ortga ge. O i this basis “ A ” bon d s
1899. T h e com p a n y re cen tly m ade a n e w m ortga ge t o se w ou ld receiv e a b ou t $1,076 each , “ B ” $759 ea ch , ‘ C ” $690.
cu re $2,500,000 o f 5 p e r cen t bonds, o f w h ich $2,025,000 w ill —V . 67, p. 1355.
be issued t o re-pla ce the loan o f 1891 re tire d .—V . 67, p. 1355.
C e n tr a l N ew E n g la n d R y . — P h ila d e lp h ia R e a d in g &
A t la n t ic T r a n s p o r t a tio n C o .— Receivers Appointed .— T h is N ew E n g la n d R R .— B oston & A lb a n y R R .— Incorporated.—
com pan y, orga n ized a year ago, has been placed in th e hands T h e C entral N e w E n g la n d R y . has b een in co rp o ra te d to
o f E d w a rd P. M eany and M elville E. In galls, J r ., as r e c e iv su cceed th e P h il. R ea d in g & N e w E n g la n d R R . T h e
ers. T h e liabilities a ggregate a b ou t $1,000,000. T h e busi ca p ita l s tock is $6,000,000, o f w h ich $3,150,000 is p r e fe rre d
ness o f the com p a n y h as consisted alm ost ex clu s iv e ly in stock. A first m ortg a g e fo r $1,250,000 and a gen era l m o r t
tran sportin g co a l from N ew p ort N ew s to P rov id en ce and g a ge to secure $8,500,00) o f in co m e bon d s w ill b e e x e cu te d
elsew here, and the receivership seems to h ave been p r e c ip i T h e d irectors are:
tated by the loss o f three vessels in th e recen t grea t s t o r m .
Arthur Brock o f Lebanon, Pa., H. O. Seixas, Chester W . Chapin, D. A .G e O. Sherwood f New
A.
T h e assets, it is 3aid, consist o f tw e n ty -fo u r pu rch ased v e s raty, C. C. Burns and J. K. and John W . oBrock York City; Georgeand Fletcher,.
H. L. Davis, R. M. .Janney
o f Philadelphia
James A
sels m ore or less in cu m b ered and va lu ed a t $503,000, and esti Rum rill o f Springfield, Mass.
m a t e ! w o rth at fo r c e d sale. $613,500; in terest in ch a rtered
Boston & Albany Interested .— A la rg e in terest in th e p r o p
vessels and office fu rn itu re, $2,000.—V . 66, p. 1187.
erty has been a cq u ired in a ccord a n ce w ith th e offer m ad e
B a lt im o r e & O h io R R .— S c h u y lk ill R iv e r E a s t S id e R R . last w eek b y L ou is V . B ell o f th is c ity , a nd b y h im has been
— Large Majority of Bon ds Deposited .— T h e com m ittee rep re tran sferred to M r. Chapin, a d ir e cto r o f th e n e w co m p a n y ,
senting the b on d s o f the S ch u y lk ill R iv e r E a st Side R R an and a b ro th e r-in -la w o f P resid en t B liss o f th e B oston & A l
n ou n ce th a t $4,185,000 o f th e $4,500,000 issued h a v e a c b a n y R R . Jam es A . R u m r ill, a d ir e cto r o f th e B oston &
cepted the proposed plan , and th at th e tim e f o r the fu r A lb a n y , is also a d ir e cto r o f th e n e w com p a n y . I t is th ere
th er deposit o f b on d s w ith o u t pen alty has been extended fo re supposed th at t h e B . & A . m a y perhaps be in terested in
up to and in clu d in g Jan. 20. D eposits shou ld be m ade w ith the n ew com p a n y , and m a y use it as a co n n e ctin g line to the
th e P en nsylvania Co. fo r Instirances o f L iv es, e tc ., 517 Chest a n th racite co a l roa ds w h ich m eet at C am pbell H all, N. Y .
th e w estern term in us o f th e C en tra l N e w E a g la n d ,—Y.
n u t S t., P h ila d elp h ia .—V . 68, p. 40.
B a n g o r & A r o o s t o o k B y .— B a n g o r & -P is c a ta q u is R R .— p. 41.
Bonds Called .— T h e B a n g or & P isca ta q u is loa n o f A p ril 2,
C h ic a g o F o r t M a d is o n & D es M o in e s R y .— Sold and R e
1883, $300,000, h a v in g been ca lled fo r paym ent, w ill be r e organized .— A t tn e fore clo s u re sale at F o r t M adison . Io w a ,
deem ed on A p r il 1, 1899, at th e M erchants’ N a tion a l Bank o f J a n u a ry 8, the p rop erty w a s pu rch ased fo r th e b on d h old ers
B oston, T h e B angor & A roostook , as stated in the C h r o n i c l e b y Jesse A . B a ld w in , o f C h ica g o, f o r $150,000. S u b seq u en tly
o f D e c. 3, 1898, page 1159, has sold $1,500,000 o f its ow n 5 th e C h ica g o F ort M a dison & D es M oines R R . Co. w as o r
per cen t bon d s, secured b y a n ew m ortg a g e, p a rtly to p r o g a n ized as its su ccessor, w ith ca p ita l s to ck o f $952,000. T h e
v id e fo r th e retirem en t o f th e b on d s n o w ca lled and fo r the n ew d irectors are : Isaac T . B u rr, E. S. C on w a y , G . T . W .
$925,000 city o f B a n g or G and 7 per cen t loa n du e A p ril 1, B ra n a n , W illia m H. A tlee, Sam uel A tlee, G . D . B ram an , E,
1899, and p a rtly fo r im provem en ts, e tc —V . 67, p. 1308.
H . S kin ner, E . F . P o tte r and Jesse A , B a ld w in .
It is
Bay S ta te Hus.—Stock Increased to $ 1 0 0 ,0 0 0 ,0 0 0 .— The N ew ru m o re d th e roa d w ill soon b e exten d ed fr o m O ttu m w a in to
Y o rk S lo ck E xch a n g e w as fo rm a lly n otified yesterday that D es M oin es.— V . 67, p. 1002.
C in c in n a ti N ew O rlea n s & T e x a s P a c if ic R y .— Non-Pre.
the com p a n y had increased its capita l s tock fr o m $50,000,000
ferred Claims — “ C in cin n a ti C om m ercia l-T rib u n e” says :
to $100,000,000.— V . 67, p. 369.
Bethlehem Iron Co.—Carnegie Steel Co.—Steel Plant
Sold.— T h e B eth leh em Iron Co. has s old its steel plate mill_
b u ilt tw o years ago, b u t id le last y ea r, to M r. C arnegie for
p r ice supposed to be a b ou t $1,000,000. It is proposed t0
m ov e the m ill to P ittsb u rg. P resid en t L in d erm a n is quoted ;
Mr. Carnegie was desirous o f adding a plate mill to his plant as quickly as
possible, so ne m-ule a proposition fo r the mill which was regarded as fair and
accepted. At the present price o f steel plate the company could not manu
facture it at a profit.—V. 07, p. 71.
Boston & Lowell R R .— Bonds Authorized.— T h e stock
h olders on W ed n esda y v o t e ! to issue $620,000 bonds to be
dated J u ly 1, 1899, and t o be payable in tw e n ty years
fr o m date, th e proceed s t o be u sed in p a y in g a lik e am ou nt o f
b o n d s due J u ly 1, 1899, T h e n ew issue, b ea rin g 3b> per cent
interest, has been aw arded to A da m s & C o.— V. 67, p. 528.
Boston & Montana Consolidated Copper & Silver Mining
C o.— Protective Committee.— A com m ittee, con sistin g o f A l
b ert S. B ig elow , E d w a rd C. P erkins, and S ydney C ba-e,
m ikes the fo llo w in g appeal to th e com p a n y ’s stock h olders:
In view o f the recent attempt to injure the company, it has been deemed ad
visable that you should place yourselves in a situation to he at all times di
rectly and summarily represented in Court, and otherwise, so that yviur wishes
with ra in ed to your property may be made known whenever required. A majo n ty o f the stockholders have accordingly requested us to act as a Stock
holders Protective Committee. It is not intended to take anv action with
respect to the stock, other than above outlined, without further notice to and
assent o f the stockholders. A form o f agreement has been prepared, under
which a deposit o f a majority o f the stock lias already been pledged. You are
accordingly requested to Immediately deposit your stock, under the terms o f
this a .reemont, with the State street Trust Co.. 54 State St., Boston. Mass., in
exchange for negotiable trust certificates.—V. 07, p. 1305.
B r o o k ly n R a p id T r a n s it .— Official Statement as to Read
justment o f Securities o f Subsidiary Company.— A n official
statem ent issued b y S ecretary T. S. W illia m s on Jan. 7 sa ys:
No plan for the readjustment o f the Brooklyn City RR. Co.'s securities could
be undertaken alone by that company, or by its lessee road, the Brooklyn
Heights KR. Co. It would have to meet the join t approval o f the security
holders < f both coinpunies. In order to be successful, any such plan must, be
>
•o fair in its terms as to secure the approval o f practically all those whose
holdings are affected, and no plan will bo presented which does not possess
this essential element o f fairness. W hen such a plan shall be formulated and
approved by the directors o f the Brooklyn Rapid Transit Co., it will be annotiucod openly and confidently, and until then any rumors regarding the plan
will be mere speculation.
Annual Meeting.— A t the annual m eetin g o f th e B rook ly n
C ity R R . on M o n d a y th e v o tin g sh ow ed com p a ra tiv ely little
ch a n ge in th e d istrib u tion o f the co m p a n y ’s ca p ita l stock.
T h ere w as n o con test w ith the F lo w e r interests and on ly in
Special Master Aaron A. Ferris has filed a supplementary report, ac
cording to which the claims o f the unpreferred creditors approved amount
to *510,670. The Doughty over-issue claims form the biggest part o f this. They
amount altogether to $353,478. Mr. Ferris savs that after the payment o f the
*83,716 o f preferred judgm ent claims o f Kentucky and Tennessee (see V. 67, p.
1262) out o f the $200,000 surplus earnings ready to he distributed Jan. 3, there
will remain fo r distribution among the non-preferred creditors the sum o f
$116,784. This allows a dividend o f 22 8-10 per cent. - V . 67, p. 1262.
C ity T r u s t Co. o f N ew Y o r k C ity .— New Trust Co .— U n d er
th is title a n ew trust com p a n y , w ith a pa id -u p ca p ita l
o f $1,000,000 and surplus o f $1,000,000, is soon to b eg in
business on lo w e r B ro a d w a y or u pper W a ll S treet. Jam es
R oss C u rra n , A ssistant Cashier o f the N a tion a l C ity B ank,
is nam ed as P resident, and th e o rg a n izin g trustees are
W illia m R . G ra ce, J oh n D . C rim m in s and A . B, B oardtnan.
C o lo r a d o S o u th e r n R y .— Directors and Officers.—The f o l
lo w in g d ire cto rs a nd officers h av e b een e le cte d :
Directors; Frank Trumbull, Grenville M. Dodge, Frederic P . Olcott, Harry
W alters, Henry Budge, J. Kennedy Tod, Oliver Ames. Norman B. Ream and
Luther Kountze.
Officers: President. Frank Trumbull. Denver; Chairman o f board o f direc
tors Grenville M. Dodge, New York; Vice-President (in charge o f traffic), B. L.
W iochell, Denver; Secretary and Treasurer. Charles W heeler, Denver; Assist
ant Secretary and A ssistant Treasurer, H. Bronner. New York; General Auditor
A. D. Parker, Denver Col.; General Counsel, E. C. Henderson, New York, and
General Solicitor E. E. W hittet, Denver.
Possession Taken .— T h e n ew co m p a n y to o k possession o f
th e p r o p e rty at m id n ig h t Jan. 12.— V . 67, p. 1308.
C o lu m b u s ( 0 . ) E d is o n E le c t r ie L ig h t C o .— Increase o f
Stock .— T h e ca p ita l s tock has been in crea sed to $300,000.
C o lu m b u s H o c k in g V a lle y & T o le d o R y .— Deposits must
he made by Feb. 1 .— R e o rg a n iz a tio n m atters, w e are in
fo rm e d , are p rogressin g s a tisfa cto rily . N o tic e is g iven to
h old ers o f the secu rities d istu rb ed th a t d ep osits and assents
m u st be m ad e b y F eb . 1, and i f accep ted a fter th a t da te w ill
be s u b je ct to such term s and con d ition s as m a y b e h ereafter
determ ined. F a r th e r n o tice w ill b e g iv en w h en th e cash
paym ents fr o m dep ositors o f stock are req u ired .
Foreclosure Sale .— T h e foreclosu re sale is set f o r F eb . 24 at
C olu m b u s, O ., th e upset p rice b e in g $3,500,000 on tlie ra il
roa d p rop erty and $750,000 on th e p ro p e rty o f th e H o ck in g
C oa l & R a ilro a d C o .—V . 68, p. 40.
D u b u q u e ( l a . ) L ig h t & T r a c tio n . — Foreclosure Decree.—
J u d ge Shiras has ord ered the foreclosu re sale o f the p rop erty.
' —V . 67, p. 1356.
J A S" ART 14, 1899.]
THE CHRONICLE.
Electric Ot. of America.—Pennsylvania Manufacturing
Light Sc Power.—Incorporated .—The Electric Company of
America was incorporated, at Trenton, N. J., last week, with
$35,000,000 authorized capital stock. The new corporation is
authorized to manufacture, purchase, sell, etc., coal, coke,
gas, oil, water, electricity, light, heat, steamand compressed
air power, water, etc., and to own. acquire, construct, lease
and operate plants in connection therewith. Its incorpora
tors are: James E. Hayes of Camden and Elmer Smalling
and Arthur Phillips of Philadelphia. The shares are $50each.
A director of the Pennsylvania Manufacturing Light &
Power Co. is quoted as saying:
T b e organization o f the Electric Conrpanr o f America is the outcom e o f
differences o f opinion in th e Pennsylvania Manufacturing board o f director*
regarding tbe policy o f expansion. The company will take over the properties
outside o f Philadelphia recently acquired by the Pennsylvania Manufacturing
Cto, paying the latter c tab for expenditures made bv tbe above-raectioned
company. The American Company is organised for the purpose o f acquiring
e !ectricl bafctiog properties outside o f Philadelphia, carrying out the pulley o f
th e trotted Gas Improvement Co. In acquiring gas properties The Pennsyl
vania Manufacturing Light & I*. Co. will eon t o e its operations strictly to
PhtI ldeiphia and no fu rth er instalments on the stock will be necessary.
85
000,000, w h ich doubtless provides the means fo r the present
acquisition.— Y . 66, p . 901: Y . 67, p. 789.
Louisville & N a s h v ille RR.— Dividends R e s & e d .—The
directors on W ednesday declared a dividend o f 1% per cent,
p ayable on and a fte r F e b . 10 to stockholders of J a n . 30. This
is the first distribution to stockholders since 1893.
Semi-Annual Statement.— E arn ings fo r the six months
ending Dec. 31, 1898, p a rtly estim ated, com pare as follow s:
6 months
Gross
Net
Fixed
Other Another
i-ini. Dec. 31,
earnings.
earnings,
chargee.
income, chargee.
1S0S. est'd .........$11,837,259 $4,101,686 $3,838,705 *336.057 *174,118
2,805,2S4
280,744 178,482
1897. actual...... 11,073,814 3.810,386
1806.
“ ....... 10,582,917 3,831.263
2,822,681 216,892 251,222
2,884,170
176,126 184,785
1895.
- ....... 10,720,081 3,884,442
1891,
- ....... 10,189,878 4,106,638
2,820,796
179,844 1,095,282
1893,
“ .. . . . 9,755,923
8,874,517 2,850,713
161.040
72,124
Balance*
surplus.
$1,426,79a
1,113,364
’s74!s42
1,091,913
400,434
1,113,680
T he dividen d o f 1% per cent declared th is w eek on the
$53,809,000 stock calls for $793,000 and leaves a balance on
the six months* operations o f about $634,799.
Bonds Offered.—Y e rm ily e & Co. are offering for sale at 99
The Philadelphia ‘•Ledger" said yesterday:
T he present issue will be 350,0 0 shares, the remainder (150,000 shares) being and accru ed in terest $10,000,000 o f the new 5-30 year 4 per
held In the treasury. Those who know about it say that o* the issued stock cent co lla te ra l tru st gold bonds.— See fu ll particulars under
100.000 shares will go to the Unite! Gas Improvement Co.. 100,0*Mshares to the
Pennsylvania Manufacturing Co, aud 150.0*«• shares t o “ th e < rgantzers and “ M iscellaneous N e w s," also advertisem ent on another page.
Other interests.” W hen these last are Issued an initial instalment o f $-5 per — V. 67, p. 901.
share will be called. This will produce ♦ i.75 0 ,000 , ou t o f which money the
Pennsylvania Manufacturing Company will be reimbursed for the cash It has
M adison S q u a re G ard en .— Coupon Payment.— T he in te r
paid fo r th e various outlying companies that go to ih en ew concern. The stock
holders o f the Pennsylvania Manufacturing Co. will be allowed to subscribe to est due N ov. 1. 1891, on the first m ortgage b in d s w as p ay
100.000 o f the 150,000 shares, on the basis o f one share fo r three.
able w ith interest thereon a- the M ercantile T ru st Co. on
A Philadelphia p iper recently said that the electric lighting Jan. 3, 1899, each coupon receivin g $25 25.— V . 67, p. 690.
companies in Camden, Atlantic Citv and Elberon, N. J., had
M ich ig a n T ele p h o n e C o.—Purchase Price..—A circu lar
been secured; likewise Bristol and Haverford: and that nego letter has been issued by the Northern T ru st Co., o f Chicago,
tiations were pending with the Citizens’ Electric Light Com offering $50 a share for the holdings of D etroit stockholders.
pany of Delaware County and the companies in Chester and The sale w as m entioned last w ee k .— V . 63. p. 40.
West Chester.—V. 67, p. 635.
M in n e a p o lis G e n e r a l E le c tr ic . -R e-incorporated under
General Electric.—Dividend* on P referred . —The directors Laws o f New Jersey.— T he M inneapolis G eneral E lectric Co.,
have declared a dividend of $11 682 per share, payable w hich was organized about six y ears ago as a consolidation
..
Jan. 31, on account of the overdue dividends on the preferred o f the com panies con trollin g the vario u s lig h tin g and pow er
stock. The total amount so overdue, as reckoned last fall plants of M inneapolis has been re incorporated under the
on the reduced stock, was $59 89 per share of $10) (see cir la w s o f N e w Jersey, w ith the same nam e. The charter co v
cular. V. 67, p flO j. This amount was reduced by pay ers every m ethod of p roducin g and d istrib u tin g ligh t, heat
O
ments of $11 68 2-3, Nov. 15, 1898, of $17 50, Dec. 22. 1898, and pow er b y electricity. T he com pany m ay build and use
and now of $11 66%. Feb. 1, 1899, making in all $40 83V subw ays, obtain m un icipal perm its and hold the stoek and
j
provided for, and leaving yet to be met $19 0 J. or a total of secu rities o f other corporations. T he paid-in capital stock
5%
about $486,000 before dividends can be resumed on the com rem ains the sam e as heretofore, v iz .: $600,000p referred 6 per
mon stock. There has also been declared a dividend of 2-3 cent cu m u lativ e and $1,500,000 common stock, The com
per cent, to represent the dividend accrued since Ang. 17 mon and preferred stocks h ave equal vo tin g powers. The
1S98, when the reduction in the stock took place. The com pany in 1890 made a m ortgage for $915,000, to secure
amount paid out by the company on account of the accutn- 6 per cen t bonds due 1908. R eorganization is pending.
mulated dividends on the preferred stock in the ten weeks
M issouri P a cific R y .— St. L o u is Iro n M o un tain & S o u th
ending Feb. 1 , 1889, will have aggregated $1,041,654.—V. 67, ern R y .— Bonds Called— R ef ending— T he St. L ouis Iron
p. 900, 1160, 1263.
M ountain & Southern R a ilw a y Co. has ca lled fo r redem ption
General Commercial Co.— To fu rn ish A rtificial Ice in the $2,500,000 A rkan sas B ran ch first 53 and w ill p ay them
New York Citii,—This company has been incorporated nnder off at 105 and in terest on June 1. A ll the other bonds
the laws of New Jersey with capital of $1,000,000, which may u n d erlyin g the general consol. 5s, nam ely, the $4,000,000 o f
be increased to $5,000,000. The incorporators are R. B. first m ortgage 4)£s and $1,000,000 of second m ortgage 53 are
Ayres, W. J. Woodcock and A. L. Ayres. The plan is said in like m anner su b ject to ca ll at 105, and the in tention is to
to be to install on Staten Island an ice-making plant of the retire them all as fast as arrangem ents can b8 m ade, to the
daily capacity of one thousand tons, and to transport its end th a t th e gen eral first consols (total issne lim ited to
$45,000,000) sh a ll becom e a stra ig h t first lien.
product by boats which it will acquire to New York City.
To cover the present transaction, the com pany has sold to
Green Bay & Western KB.—Interest and First Dividend.
—The directors have declared an interest payment of 2 -£per a syndicate headed by H enry M arquand & Co. $2,500,000
J
cent on Class "A" debentures, and the first dividend of 114 general consolidated m ortgage 5s and the syndicate has a l
per cent on the capital stock, out of the uet earnings for the ready m arketed a la rge proportion of the bonds, so th at there
year 1898, payable at the office. No. 40 Wall Street, New w ill be no offer m ade to holders of the called bonds to ex
York, on aud"after Feb. 15. Books close Jan. 21 and reopen change.
Feb. 16. Class “A” debentures ($600,000) are entitled to 2t£ T he “ N ew Y o r k E ven in g Post ” says:
This call, however,
because under tbe
tbe
per cent interest if earned; then the common stock ($2,500,- mortgage only ninetywas put first was required, while terms of first
days* notice
for tbe
per cent; then tbe two issues share ratably, but and second fives six months’ notice o f call bad t > be given. In tbe
be
iu a short
after 5 per cent has been paid on both, the class “B" bonds ca se of tbe latter issues, refunding willthem put through opportunity
of
($7,000,000) are entitled toall surplus earnings.—V. 66, p. 288. time, and it is expected that holderson terms will have thebe arranged.
to exchange for consolidated bonds
hereafter to
Havana Electric Ky.—Incorporated.—This company has Tin* process of unification outlined above is described by its projectu plan of wide
been incorporated nnder the laws of New Jersey with mortgages of thisaand other Gould scope, involving theis outstanding
roads. The object
to enhance
$5,000,0 0 of authorized capital stock. The incorporators th"
it of the companies among investors by doing away with the
are W. P, 8 . Melvin, G. K. B. Wade and Herbert A Howell. multiplicity of existing bonds.—V. 67, p. 1207, V. 66, p. 237.
Tbe articles of incorporation permit it to manufacture an d National Carbon Co. — Carbon Company Consolida
sell electricity, gas and fuel, and to opsrats railways, tele tion.—.Ye’d Company.—A pres3 despatch quotes A tto rn ey
phone lines, gas and electric light plants, etc.
A rth u r J. E ddy, of Chicago, as announcing th at a deal has
Kokomo <ity Street Hallway.—Receiver.—W. H. Stevens, been p ra ctica lly closed w hereby the leading carbon m a n u
of D troit, Mich., holder of practically all the present loan, fa ctu rin g concerns o f the United States have been or are
has applied for a receiver preparatory to foreclosure and the about to be consolidated nnder the nam e o f the N ation al
Carbon Co. The new com pany is to be a N e w Jersey cor
sale of $70,0 < new bonds.
0
main offices probably in Cleveland.
Little Rock Hot Springs & Texas 11R.—N W
O .—This line, poration w ith wits be preferred stock, 7 per cent, non cu mIts
u
commonly known as the “ Lott" road, projected from Little capitalization illcommon stock, $5,500,000; total, $10,000,000.
$4,500,000;
Bock to Paris, Texas, and graded and partly completed be lative, fo llo w in g additional p articulars are furnished:
The
tween Little Rock and Hot Springs, was sold at auction at The
Clereland, Ohio;
Hot Springs, Ark., Jan. -t, by order of the United States Brush companies Included -are tbe National Carbon Co., Tremaine Carbon
Carbon Works. Standard Carbon Works. Crouse &
Co.,
,
Ohio; Faraday
Court, and purchased by Colonel S. W. Fordyce, of St.Louis, Carbon Co., J Ohio; Thom son-Jlooston Carbon C oC o , St. Louis: Amewcan
can
te, Penn.; Phoenix Carbon
for $ 0 0 . V. 67, p. 1207.
'> ,0 0
Carbon Go.. NeiJerfille. Ind.* Washington Carbon Co.. Pi'tsburv, Penn.; Part
ridge Carbon Co.,
companies include
entire active
Lorain & Cleveland (Electric) Ky.—Bonds Sold.—The carbon Industry o fSandusky. Ohio. These three-quarters o f the carbon indus
United States and
f
In addition
the company
“Cleveland Leader" says that the company’s $700,000 of try oown ftworld.interest to the to the United States f industriesCanada, which
will
half
Ottawa
bonds which have been held in a pool have been sild to E. company controls carbon industry atCarbon Co., o Ottawa,
Canada.
T,
The
no debts or liabilities o f any
IT, Gay & Co,, of Boston, in connection with Cleveland chaaesnew com oany assumes upon conservative appraisalsdescription. It Piuthe various properties
free or an jiaom banking institutions.
ties, and it will have in the treasury a working capital o f $600,000. The follow
named:
Los Angeles * Pasadena RR.—Los Angeles R y,—Said.— ing men will serve as directors, with two directors yet to beMyron T. VV.il
Lawrence. President National Carbon Company, Cleveland;
H er
President Cleveland Electric Illuminating
A press dispatch says the Los Angeles & Pasadena RR., rick. Cleveland; James Parmelee. Washington Carbon Co., Pittsburg: Jfl. D.
owning 44 miles of track, has passed into the possession of Co.: James Humbtrd, President
Dickey. Jeannette, Penn., President o f the Faraday Carbon Co.; Webb l ,
Southern Pacific parties, the purchase price being $1,000,600. Hayes, Cleveland; J. C - Van Blarcom, St. Louis.
New E n g la n d Gas & Coke Co. o f B oston .— Bonds Offered,
Tbe Los Ar,:-"1.'- R w o acquired by the same interests and
h
consolidated with other lineB last September. At the same Contracts. Eta.— O f the company 's $17,500,000 of first m ort
time the Los Angeles Ry. Co. made a new mortgage for $5,- g a g e 5 p e r cent gold bonds $3,500,000 are reserved for im -
000) to 2 ‘ 4
F n s to r ln ,
F re m o n t,
net
th e
th e
tb e
th e
86
THE CHRONICLE.
[VOL. LXV III.
tee the payment of the principal and interest of such bonds,
etc. The option accorded the bondholders of the old Ogdens
burg & Lake Champlain is given under the caption of that
company.—Y. 68, p. 41.
St. Louis Cape Girardeau & Ft. Smith B y .—Foreclosure
Decree .—On Saturday last a final decree of foreclosure on all
the mortgages of the company was entered by the Circuit
Court at Jackson, Cape Girardeau County, Mo. The date
of sale has not been fixed, but it is understood that it will
take place in May. The bondholders’ committee, of which
Mr. Newman Erb is Chairman, has acquired all the outstand
ing divisional bonds and compromised the larger part of the
claims for which priority was asked, and the way for the
reorganization of this property appears now to be cleared.
The committee was to meet this week to consider and com
plete the plan of reorganization.—Y. 67, p. 1111.
Santa Fe Prescott & Phoenix Ry.—Listed.—The New
York Stock Exchange has listed the company’s $4,940,000
first mortgage 5 per cent gold bonds of 1942.—V. 60, p. 631,
Savannah Florida & Western Ry. —Paym ent o f Bonds .—
The Metropolitan Trust Company of New York will pay on
Jan. 16 the $464,000 of 7 per cent 1st M. bonds of the South
Georgia & Florida RR. maturing Jan. 15, 1899.
Dividend.— The company has declared a dividend of 2
per cent, payable Jan. 16. The last dividend was paid in
January, 1896. — 66, p. 518.
V.
Sionx City & Northern RR.—Sionx City O’Neill &
Western RR.—Foreclosure to Proceed .—The motion of
the Credits Commutation Co. of Sioux City to extend the
time for the redemption of the securities pledged as col
lateral with J. Kennedy Tod & Co. was denied by Judge Shiras
in the Federal Court at Sioux City. Application will now be
made for the sale of the road under the decrees of foreclos
ure obtained some time ago.—V. 67, p. 1056, 902.
Southern Pacific RR. of California.—Listed.—The New
Cicero & Proviso, Suburban R 0 ., Chicago Electric Transit, Chicago & Jeffer
son Urban Transit. Chicago North Shore St. Ry., North Chicago Electric Ry., York Stock Exchange has listed $1,288,000 additional first
Ogden Street Ry., Evanston Electric Ry., North Side Electric Ry.
consolidated guaranteed gold 5 per cent bonds of 1937, Series
A nnuel Statements.—The annual statements of the North A and B, making total amount listed to date of first consol.
Chicago Street R.R. Co. compare as follows:
5s, stamped 1905-37, $13,788,000.—Y. 67, p. 1358.
Tear.
Gross.
N et.
C ha rges.
D iv id en d s.
S a l. su r.
Spirits Distributing Co. - Standard Distilling & Distrib
1 8 9 8 .. . $3,015.323 $1,624,P43 $543,665 (12%) $870,957 $210,019
1897 .. 2,911.552
1,591,625
638,462 (12%) 791.943
163,220 uting—American Spirits Manufacturing Co.— A Common
1 8 9 6 .. . 2,913,710 1,519,322
524,231 (12%) 758,901
236,190 Selling A g en cy—Dividends Guaranteed .—An agreement has
1 8 9 5 .. . 2,780,487 1,468,380
471,252 (12%) 659,922
337,206
been reached by which the Spirits Distributing Co. will be
- V . 67. p. 221.
come the selling agency of the Standard Distilling & Distribut
North Hudson County Ry.—Neio Officers.—A s a result of ing Co. as well as of the American Spirits Manufacturing Co.
the recent change in control all the officers have tendered This is in furtherance of the policy of harmonious action.
their resignations, and the following are announced:
As a part of the transaction the Standard Distilling & Dis
Directors—
John W. Omborson, John Kean, John F. Shanley, John I. Water
bury. Day Id Young, W . G. Shaller, John I. Walter, John D. Crimmins and Allan- tributing Co. will guarantee dividends on the first and sec
L. McDermott
ond preferred stock of the Distributing Company of 6 and 2
Officers—President, David Young, who is also Vice-President and Manager o f
the North Jersey Street Ry. Co.: Secretary, W. C. Doubleday, who succeeded per cent per annum respectively, as appears from a circular
him sclfi Treasurer, W. G. Shaller.—V. 68, p. 41.
of which the following is an abstract:
Northern Pacific *< Listed. —The|New York Stock Ex If the proposer) change in the certificate of organization of this com
y.—
made
first and
change has listed $369,000 additional prior lien 4s, making pany isstock ofeffectual then the holders of the to receive second pre
this company will
entitled
new certifi
total amount listed to date $88,270,000. There are $6,274,000 ferredof stock for unequal amounthe their present holdings of first
cates
of
of general first mortgage bonds now held by the public, and second preferred stock respectively. Such new certificates
for first preferred stock will have endorsed thereon the absolute guar
exclusive of those called for redemption.—V. 67, p. 1357.
antee of the
& Distributing Co. to
,
Ogdensburg & Lake Lake Champlain Ry.—Rutland RR. ly dividendsStandard Distilling each, on Jan. 15, Aprilpay quarter
of 193 per cent
15, July 15
— Option— Cash or Guaranteed Bonds. —The sale by the and Oct. 15. in each year, beginning with Jan. 15, 1899. The new
certificates for second preferred stook will bear the absolute guaranParsons Committee noted last week of the certificates of tv of said Standard Disiilling & Distributing Co. to pay half-yearly
deposits representing the old first consols was made on a dividends of 1 per cent each, on April 15 and October 15 in each year,
basis “to net the certificate holders 105 per cent of the face beginning with April 15,1899. The certificates of stock indorsed in
of the Donds represented by the certificates and all accrued blank should be sent to the Manhattan Trust Co. on or before J a D .
interest thereon up to Feb. 1, 1899, The amount thus com 24th inst.
A meeting of the stockholders of the Spirits Distributing
ing to each holder of a certificate is at the rate of $1,170 for
Co. to effect the change in the certificate of organization
each $1,000 bond.”
will be held Jan. 26. A circular shows that the authorized
The committee has also arranged that the certificate hold
ers shall have the right until Jan. 21, 1899, to take at 103% a issue of the several series of stock will remain as now, viz.:
new Ogdensburg & Lake Champlain Ry. Co. first mortgage $2,100,000 first preferred, $1,576,000 second preferred and
4 per cent bond, carrying interest from Jan. 1, 1899, princi $3,675.0'0 common; but the rights of the holders will be
pal and interest guaranteed by the Rutland RR, Co., said modified so as to be as follows :
to a
guaranty to be endorsed on the bond. “ Each holder of a inThe first preferred stock shall betoentitled cent cumulative dividend
each year of an amount equal
6 per
upon its par value,
certificate for $1,000 of bonds will thus receive one new payable from profits if earned. No mortgage shall at anv rime be
upon the property
the holders
guaranteed bond, $1,000, and $140 in cash, being accrued madeleast 70 per cent of without the written consent ofand outstand
the first preferred stock issued
interest on old bond to Jan. 1, 1899, and 2% per cent of the of at The second preferred stock shall be entitled to a non-eumulative
ing.
principal thereof.” (See notice in advertising column.) It dividend not to exceed 2 per cent in any year, pavabLe from profits
is said the Rutland will build at once from Burlington to a after the p lyment of all aconmmulated dividends on the first pre
and before the payment
any
common
connection with the Ogdensburg & Lake Champlain at ferred stock the dissolution or windingof of the dividend on first pre
stock. Upon
up
company,the
Rouse's Point, a distance of 40 miles.—V. 68, p. 41.
ferred stock shall be first entitled to reoeive out of the proceeds o f
to its par value,
of which the see
Peoples Las Light & Coke Co. of Chicago.—Calumet sale an amount equal shall be entitled after payment amount equal to
to receive an
Company Absorbed.— The Calumet Gas Co., operating in ped preferred stockany payment on common stock.—V.67, p.957,632.
its par value before
Chicago, has b?en formally absorbed and its $
590,000
Staten Island Rapid Transit RR.— Offer r Incom e
first mortgage 6s due July 1,1917, assumed by the People’s Bonds .—The income bondholders’ committee, H.f oL. Horton,
Co. The Calumet Company’s $2f 3,000 of consolidated 5 per Chairman, announces that having received an offer of 7%
centjionds were called for payment, interest ceasing Jan per cent for the bonds deposited with it, it has abandoned
further proceedings and has returned to depositors all bonds
Reading Co.-B o n d * Called.—Thirty two Philadelphia & held by the committee. Of such bonds over $1 ,100,000 have
.
RR‘ ,10'year 8
1“king fund 5 per cent coupon bond: already been sold by depositors at the figure mentioned.
of 1902 have been drawn for the sinking fund, and will be Since taking this action the committee has been authorized
paid Feb. 1 at the office of the Pennsylvania Company foi by Speyer & Co. to announce that all holders of income
Insurances on Lives & Granting Annuities, 517 Chestnut bonds who shall deliver the same on or before Jan. 20 to
St., Philadelphia.—V. 67, p. 1205, 1216.
that firm will receive therefor in cash 7 % per cent of the
Rutland RR. Co.—
Ordensburg &Lake Champlain RR.- par value of the bonds. The loan is $4,5i'0,000, and it follows
Mcetmg to Authorize Purchase and Guaranty — The stock- $2,500,000 seconds and $1,000,000 firsts.—V. 67, p. 1209.
holders of the Rutland RR. will vote Jau. 23 on a propo Summit Branch RR.—Summit Branch Coal.—Offer A c
sition to authorize the purchase of the bonds of the Ogdens cepted.—A Philadelphia paper says: “It is officially an
burg & Lake Champlain RR. Co., and the certificates
that practically all the security holders of the
therefor, to acquire the stock of the Ogdensburg & Lak. nounced Branch R R . Co. have accepted the proposition made
Summit
Champlain Ry. Co., and also its bonds secured by mortgage by the Pennsylvania R R . Co. for the sale of their holdings
to the Central Trust Co., dated Dec. 15, 1899, and to guaran to that company.”—V. '67, p. 1358.
provements, $2,000,000 have been issued in part purchase of
properties, 13,830,000 have been taken by private subscrip
tion, leaving $9,610,000. These last were offered this week at
par and interest by the Colonial Trust Co. of this city, the
American Loan & Trust Co. of Boston and the Provident
Life & Trust Co. of Philadelphia.—V. 67, p. 956.
New Jersey Electric lty. of Paterson, N. J.—$1,133,000
Boutin Sold.—At auction on Wednesday were sold $963,000
of the company’s first mortgage bonds at 63%, and $270,000
at 64%.—V. 66, p. 238.
New Orleans Traction Co.—Crescent City HR.— Default.
Purchase o f Coupon *.—The Crescent City RR. Co. having
failed to pay the January, 1899, coupon, the Walinsley Re
organization Committee, through its depositaries, the Con
tinental Trust Co. of New York, the Fidelity Trust & Safety
Vault Co. of Louisville and United States Trust & Savings
Bank of New Orleans, La., advanced on Jan. 12th, 1899,
upon bonds deposited with January, 1899, coupon attached,
$20 upon each $1,000 bond so deposited.
Second Assessment Called—In accordance with the plan of
reorganization, holders of the preferred and common stock
of the New Orleans Traction Co. are notified to pay on or
before Jan. 25, 1899, the eeeond instalment of 33% per cent
of the amount payable on their stock, namely $2 per share on
preferred and $1 per share on common stock.—V. 67, p. 736.
North Chicago Street RR.—West Chicago Street RR.—
Chicago Consolidated Ry.—To Unite Leased Lines.— At the
meeting of the North Chicago Electric Ry. on Tuesday, Presi
dent Yerkes recommended the formation of a new traction
company, to be called, it is said, the Chicago Consolidated
Ry. Co., to take over under lease or otherwise all the subur
ban leased lines of the North Chicago and West Chicago sys
tems. These leased lines have outstanding a total capital
stock of about $14,400,000, and a bonded debt of $6,500,0 0
( .
The lines are ps follows:
J a n u a r y 14, 1899.]
THE CHRONICLE.
87
— T he Boston Safe Deposit & T ru st Co., 87 M ilk Street,
Swift & Co.—Stock Increased.— X t the annual masting Jan.
the stockholders voted to increase the capital stock from Brston. has issued as usual its annual hand-book, g iv in g the
$15,000,000 to $20,000.000, and to allow each stockholder of places w here coupons are paid in Boston. It is an excellent
Jan. 16 to subscribe for one new share at par ($100) for each com p ilation.
three shares held by him. The annual report is on a pre
— Messrs. F . J. L ism an & Co. have long been cramped for
ceding page.
„
, , , room in their offices on the fifth floor o f 30 Broad Street, and
On Unlisted Department in B oston .—T he company 8 stock have fin ally been com pelled to lease a f i n s u i t e o f rooms on
has been admitted to the unlisted department of the Boston the th ird floor o f that building.
Stock Exchange. The following facts are famished:
— In the first p art of the Q uotation Supplement issued
5
T b* company w*ji I d c o r p o r a te under the laws o f Illinois April 1,1885, for
th#' sale and manufacture into commercial pr. ducts o f cattle, sheep and hosts.
The capital stoc* c o u n t s o f 150.0CO spares o f a par value o f ft p • lull v paid in
.
in cash and n-.n-assessable. The principal office U at Chicago. D . F. Hartwell o f
Chicatfo •* transfer ardent and the place o f rejrtstration is the Illinois Trur.t dt
Savings Bank. Chicago. The officer* are: President, G-. F. swift.; First *ice~
S E i d e n S K- C. Swift; «eoand Vice President, I.. F. Swift; Treasurer, L. A,
Garten; Secretary, D. E. Hartwell.—V. 07, p. 1208.
w ith the Jan. 7th num ber o f the C hronicle w ill be found a
selected lis t of investm ent bonds advertised b y Simon B org
& Co. T he attention of investors is directed to th is list.
— M a rtin s “ Stock F lu c tu a tio n s ” fo r 1898. coverin g all
classes of secu rities sold in Boston, is n ow ready; it is com
Syracuse J East Side By.—Sold.— At the foreclosure sale piled b y J. G M artin, 10 State Street, Boston. The issue of
e
Dec. 29 the property was purchased for $30,000 by William this p ublication for the past 25 years can be had a t four
B. Broomall, of Chester, Pa , representing the reorganiza dollars fo r th e series.
tion committee. The committee claims to fear nothing from — Messrs. F la g g & W orcester succeed to the business of
the prospective line of the Rapid Transit Co. to East Syra Reed & F la g g , w h ich firm w i s dissolved by the recent death
cuae, believing the road will not be built.—-V. 07, p. 13 .
-58
o f Mr. Reed. W illia m H. F la g g , of the old firm, and W il
Tacoma Land.—Foreclosure.—The property is to be sold fred J. W orcester are the gen eral partners, the address being,
under foreclosure in the course of afew weeks, an agreement as before, 11 P in e Street.
having been reached with the Provident Life & Trust Co. of — The H and B io k o f R ailro ad Securities, issued b y the
Philadelphia, the mortgage trustee.—V. 67. p. 801.
publishers o f the C hronicle , is now ready: price oue dollar,
Union Pacific BB.—Oregon Short Line RR.—Increase o f or to C hronicle subscribers seventy-five cents- I t gives a
Stock Authorized.— The stockholders of the Union Pacific on detailed statem ent of railroad securities and the incom e fo r a
Tuesday authorized the common stock to be increased by series o f years, as w ell as the ann ual charges again st incom e.
$27,460,100 the new issue to be exchanged, share for share, The book also gives dividends and range o f prices for a series
for Oregon Short Line Stock.—V. 67, p. 1209.
o f years brou ght down to J an u a ry first.
Walker Company—Westinghouse Electric & Wanufac- — T he TTqtne Insurance C om pany of N ew Y o r k publishes in
turing.—Re arrangem ent o f W alker Company's Bonds.— our a dvertising departm ent on page V . a sum m ary of its
Last September the Westinghoure Company purchased “sub ninety-first sem i-annual statem ent. A com oarisoa w ith the
stantially all of the outstanding stock and all but $850,000 of statem ent issued in J u ly , 1891, show s th a t the net sur
the $2,5' 0 0 twenty-year bonds of the Walker Company.” plus has increased dnri-.g the six m onths o ver h a lf a m illion
.f> 0
(V. 67, p. 835). It Is now announced that, pursuant to an dollars. The surplus as regards policy-holders is now n early
agreement then made, the bonds acquired by the Westing s e v e n and a-half "million dollars. The u sual sem i annual
house Company have been subordinated in lien to the out dividend of five per cent, is p ayable on demand.
standing bonds, and a second mortgage for SI.650,000 has — Messrs. Stahl & S traub, of P hiladelphia, offer a t par an d
been executed to secure the former. The Walker property accrued interest $390,000 first m ortgage 5 per cent 40-ye^r
is therefore subject to a firtt mortgage for $850,000 and a gold bonds of the Brooklyn Borough G as C o., G reater N e w
2 rnort. for $1,650,000, the bonds secured by the latter being York. The bankers state that the com pany is earnin g co nall held by the Westingbonse Company.—V. 67, p, 635, 1264. siderably in ore than its fixed charges and its business is rap
Western New York & Pennsylvania My.—H a lf Yearly idly increasing, the territo ry w h ich it supplies, nam ely,
Advance Statement .—At the annual meeting Jan. 9 all tbeold the T hirtv-first W ard o f B rooklyn , being a populous and
officers were re-elected. President De Conrsey presented a grow in g section of the city. T he total issue o f these bonds
statement showing the operations of the half-year ending ig $500,000, of w hich $300,000 is reserved in the treasury and
Dec. 31, 1398, the figures for December being estimated. can he sold only for extensions and im provem ents.
The statement compares as follows:
— The In ternational Cable D irectory Com pany, 30 Broad
S ixm os.
Gross.
tfet.
Charges. Bat.,Stir.
f the W estern nion
1898 .........................#1,695,798 $590,359 #460,508 $ 89,851 Street, publishers osecond edition ofUthe wT elegrap h ic Code,”
ork w ill be issued
1807......................... . 1,810,825 737,728 454,694 283,033 announce that the
1899. T
printed
The decrease in net earnings of §187,369 is partly accounted about M arch 1,language,his code is the largest e everhas been
in the English
and a t the sam e
it
for by expenditures of $60,490 for maintenance of way, pronounced by experts tlie m ost exhaustive tim com prehen
and
structures and equipment, including 25 new box cars, and sive work o f its kind in this coun try. It differs in one m a te
United States revenue stamps. The net loss, due to decrease
from a ll other codes that
in th a t it
in traffic and freight rates, is placed at$139,782.—-V. 67, p. 957. rial respect telegraph offices, hotels,have preceded itboth sides
is on file in
clubs, etc., on
Westtnghonse Machine.—Increase o f Stock .—The stock of the A tlan tic. The w ork is to all intents and purposes a
holders will vote March 1 on a proposition to increase the universal .-.ode. The W a r D epartm ent at W ashington and
stock from $1,500,000 to $3,000,000. This is preparatory to the Commissioners to the P aris Exoosition of 1900 h ave both
increasing the capacity of the plant at East Pittsburg,
adopted it fo r purposes of telegraphic com m unication.
West Virginia & Pittsburg RB.-Baltimore & Ohio RR. _V errnilye & Co., of N ew York and B iston , in vite sub—Over 00 Per C en t B o n d s A ssent .—Over 90 per cent of the cri prion* at 09 and accru ed interest for $10,000.00)'L o u isbonds of the West Virginia & Pittsburg have assented to the villi- & N ashville Railroad Co 5-20 y ear 4 per cent collateral
proposition stated in the C h r o n ic l e o f Dec. 24, page 1310, tru st gold bonds o f the L ou isville & N ash ville R a il
by which the road will be leased to the reorganized B. & O. road Co., payable A p ril 1, 1918, and redeem able a t the
at a rental equal to 4 per cent on the bonds, and the loan for option o f the" com pany on and a fte r A p ril 1. 1903. The
five years to be subject to call at par. The time for de bonds are secured bv deposit w ith the U nited btates
posit of bonds under the terms of the plan his been ex Trust Co., of N ew Y o rk , trustee o f the m ortgage of
tended till Jan. 20.—V. 07, p. 40.
$14 000,000 unified m ortgage 50 y e s r 4 per cent gold
Wheeling k Lake Erie By.—Sale Fd>. 7.—T he sate is ad bonds and $ 1 ,0 0 0 ,0 0 0 Paducah & Memphis 50 year first
m ortgage 4 per cent gold bonds. The proceeds of
vertised for Feb. 7.
Final Instalment o f An'-cxsvipnt.—T e* Reorganization this loan have been used to retire $7,0:0,000 L o u is
h
Committee has called for payment at the Central Trust Co. ville & N ash ville consolidated m ortgage 7 per cent
on or before .Tan. 30 the final instalment of $4 per share on bonds w hich m atured in A p ril, 1898, to reim burse th e
both common stock and preferred stock. Holders of Central com pany for the purchase of th e Paducah & Memphis
Trust Co, certificates who have not made payment of one or Division, and for m oneys expended in additions and im prove
more in-'almerits required by the plan of reorganization mav ments upon it and for other properties purchased in tne past
do so on or before the 30th day of January without penalty, bv the company. A u gu st Belm ont, Chairm an of the hoard
but no payment will be received after that date, except under of directors of the L ou isville & N ash ville R ailroad Co., in a
such penalty as the committee mayimpose.—Vol. 67, p. 1310. letter to th e firm, states ‘ 'that the annual saving of interest
the
York Southern RB.— Sale Upheld.—Judge Bittenger, at effected b y into fun ding of the consolidated m ortgage 7 per
the
tru
per cents is
York, Pa., on Jan 2. handed down an opinion sustaining the cent bondscom pany collateral ith ostt 4floating debt about ftoO,The
and on
sale of this property to local capitalists. The Pennsylvania 000.1898 had cash is n ow w amuounting to $2,000,000 Dec.
on hand
and
wished the „aie sot aside on the ground that W. F. Wal 3 1
available for
worth, President, had violated a contract to sell that company stocks and bonds in its treasury ate are stated itstouses,
w hich, at a conservative estim
De
the road.—V. 67, p. 905.
w orth from $9,000,000 to $10,000,000. The companyG umi bad
Zanesville (0.) Electric By. Co.—Reorganized Company.— no construction account since 1894 and during the period of
This company bus been organized with capital stock of four years $3,108,447 have been charged to _operating e x
$390,000, the incorporators being : James R. Garfield, Harry penses for permanent im provem ents which m igh t have been
A. Garfield, Frederic C. Howe, Frank T. Poole and Max J charged to construction account, had there been oue. D v
Rudolph, It is successor no doubt of the Zanesville Ry. & ide d paym ents at the rate of 3 per cent per annum b ave j fist
Electric Co., foreclosed as stated last week.—V 63. p. 41.
been resum ed b y the L ou sville & N ash ville R ailro ad upon
—G, Sidenberg offers to investors a selection of high-grade
railroad bonds. Particulars in another column.
—Mr. Gnstavus Maas, 26 Broad Street, has issued a very
fnll list of miscellaneous and unlisted stocks and bonds, giv
ing opening, high, low and closing bid and asked prices for
1898.
its capital stock of $53,800,000. The pnpe of#|^ondS as of
Fered will net 4U per cent if redeemed in
per cent if allowed to run to maturity. Tbe s i|,^iipti m
hooka will open at 10 o’clock on Jan. 18 and close at So clock
the same day rr earlier at the discretion of the firm, ihe
bonds will lie deliverable Jan 23.
THE CHRONICLE.
89
EPITOME.
January 13, 1893.
Healthy business conditions have been apparent in nearly
all lines of merchandise. The movement of supplies from
the producer to the consumer has been on a fairly liberal
scale, although in some instances it has fallen rather below
expectations, due largely to the fact that the big buyers an
ticipated their wants to some extent prior to the holidays.
Cotton has been tinner, a falling off in the crop movement
having attracted fair buying for investment account. Re
ports from the West state that Ohio wool growers have
adopted resolutions asking Congress to revise the wool and
woolen goods schedule of the tariff so as to equalize the pro
tection to manufacturers and to wool. There has been a
conference at Washington of the American and Canadian
lumber interests. The latter are making a strong effort to
obtain entry for their lumber free of duty. Advices received
from tbe Philippine Islands have been of a more reassuring
nature.
Lard on the spot has been in moderate demand for ex
port to the United Kingdom and prices have advanced: re
finers also have been moderate buyers. The close was quiet
at 5-80c. for prime Western and _-25@
5 ;r80c. for prime City.
Refined lard has had only a limited sale but values ^
have
held steady, closing at o'& e. for refined for the Continent.
O
Speculation in lard for future delivery has been moderately
active. .Early in the week prices advanced on smaller re
ceipts of swine. At the close there was a reaction under
larger receipts of hogs than had been estimated.
[ vol.
COMMERCIAL
F r id a y N igh t .
DAILY CLOSING PRICES OP LABD FUTURES.
Sal.
Mon.
Tues.
W ed.
T h u rs.
F ri
C
O
T
T
O
N
l x v iii,
.
F r i d a y N i g h t , J a n u a ry 13, 1899.
T he M ovement of the C r o p , as in d ica te d b y our te le g ra m s
from the So u th to -n ig h t, is g iv e n below . For th e w e e k e n d in g
this even in g th e to ta l receip ts have reach ed 206,902 b a le s ,
again st 285,980 b ales la s t w ee k and 296,053 b ales th e p re vio u s
w eek, m a k in g th e to ta l receip ts sin ce th e 1st o f S ep t., 1898,
6,392,837 bales, a ga in st 6,145,209 bales for th e sam e period o f
1897-8, sh o w in g an in crease since Sept. 1,1898, o f 147,628 bales.
Receipts at—
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
5,514 11,946 11,230 5,811 11,959 7,998
Galveston____
......
...... . . . . . 1,043
......
.. . . . .
Tex. Cttty, &o.
New Orleans... 10,309 11,455 12,507 14,123 6,433 11,260
205
348
852
708 1,823
Mobile..............
1,171
...... . . . . . . 4,262
......
.. . . . .
......
Florida.............
2,097 2,825
2,389 2,151 3,852 3,361
Savannah.........
...... . . . . . . 10,948
.. . . . .
.......
Brunaw’k,&c.
705
717
649
822
648 1,628
Charleston___
......
......
........
....... . 3,152
Pt. Royal, Ac. .. . . . .
677
271
332 1,441
309
251
Wilmington___
......
29
........
Wask’ton,&e,
2,811 3,555 2,705 1,117 1,364 1,751
Norfolk. . . . . . . .
446
........
......
........
........
N’p't News, &o. ........
615
696
388
572
541
428
New York-----3,127 1,850 2,423 3,164 2,469 2,600
Boston..............
......
........
......
2,164
Baltimore........
572
618
198
133
129
250
Philadel’a, &o..
Tot. this week
Total.
54,458:
1,043
66,087
5,107
4,262
16,675
10,948
5,1C 9
3,152
3,281
29’
13,303
446
3,240
15,638
2,164
1,900
26,777 34,789 37,253 29,486 26,213 52,384 206,902
T be fo llo w in g show s tb e w e e k ’s to ta l re c e ip ts ,th e t o ta l sin ce
Sept. 1,1898, and th e sto ck to -n ig h t, com pared w ith la s t y e a r .
........ 5-72 5-77 5-8 5-87 5-87 5-8
0
0
1897-98.
Stock.
1898-99.
Pork has had a fair sale and prices have been steady at Receipts to This Since Sep. This Since Sep.
1889.
1898.
Jan. 13.
g!) 50(310 for mess, $10 50@ for family and $10 50@ for
11
12
week.
week. 1 ,1 8 9 8 .
1 ,1 8 9 7 .
short clear. Cut "m
eats have been in slow demand, but
values have been well maintained, closing at 3%@
4c. Galveston... 54,458 1,925,097 56,321 1,488,239 307,091 227,184
for pickled shoulders. 6%@7J|e. for pickled hams and Tex. C.,&c. 1,043 53,087 1,214 59,871
5i.,w,5J4o. for pickled bellies, 14@ lbs. average. Beef New Orleans 66,087 1,495,934 124,839 1,766,975 463,642 529,883
10
has been quiet but steady at $8 50@ for mess, $9@ Mobile......... 5,107 193,634 12,343 257,767 28,061 69,015
$9
10
357
for packet, $11@13 for family and $14@15 for extra India Florida......... 4,262 134,835
69,851
mess. Beef hams have been dull and unchanged at Savannah... 16,675 862,219 24,649 914,726 126, C06 132,898
$19. Tallow has been moderately active and firm at Br’wichj&c. 10,948 224,966 5,328 159,547 10,628 12,854
4c. Oleo stearine has been firmer, closing at 5%c. Lard Charleston.. 5,169 324,429 9,036 381,465 25,816 46,480
stearine has been steady at 654'e. Cotton-seed oil has be6n P. Royal ;&o. 3,152 23,005
50,296
108
firmer, closing at 224£@
23c. for prime yellow. Butter has Wilmington. 3,281 274,743 3,814 280,250 18,193 22,046
had a fair sale at full values, closing at 15@81c. for creamery. Wash’n, &o.
29
1,179
980
37
Cheese has been in light supply and firmly held, closing at N o rfo
86,642
35,289
13,303 464,619 12,808 450,540
T •i! '.,c. for State factory, full cream. Fresh eggs have been N’port lk .....
19,256
394
2,345
955446
N.,&c
in increased supply and easier, closing at 21c. for choice New York... 3,240 66,231 6,096 11,508 108.121 138,779
51,799
Western.
Brazil grades of coffee have had a moderate distributing Boston........ 15,638 187,646 6,834 118,930 42,000 51,000
sale and have brought steady prices. The market for in Baltimore. . 2,164 18,235 4,268 37,390 19,836 25,457
13,063
6,548
voices has been quiet, but, owing to a temporary scarcity, Philadel, &c. 1,900 23,722 3,026 45,075
prices for the low grades have advanced, slightly, closing Totals____ 206,962 6,292,837 271,473 6,145,209 1,193,576 1,356,256
at SJfJc, for Rio No, 7 on the spot. "Mild grades
have been quiet bnt steady at 8c. for fair Cncuta. In order th a t com parison m a y b e m ade w ith o th er y e a r s 5
East India has been in slow demand, bnt values we g iv e b elo w th e to ta ls a t le a d in g ports fo r s ix seasons,
have held steady. Speculation in the market for contracts Receipts at— 1899.
1894.
1896.
1895.
1898.
1897.
has been quiet. There have been no new developments, and
as neither buyers nor sellers have been aggressive in their Galves’n, &o. 55,501 57,535 37,613 21,944 50,953 22,983
operations, changes in prices have been slight. The follow New Orleans 66,087 124,839 50,232 39,158 69,648 50,701
ing are final asking prices:
8,021
Mobile.........
5,107
12,343
6,551
6,775
5,933
Jan................5'50o. I April............ 5-75e.
I A u g ... 3-95c Savannah...
24,638
16,675
12,813
16,190
24,649
12,547
F e b .............. 5-55o. M a y ............ 5’8 o.
0
I S ep t ...... ............. 6'0 c-'
0 &o.
7,007
16,342
7,119
9,144
6,713
M a r .............. 5’65o. I J u ly ............. 5-90e.I O et .............
6'05o Chas’ton, &c 8,321
Wilm’ton,
3,310
6,562
3,728
4,195
3,851
4,155
Raw sugars have been in fair demand and firm at 4 5-16c. N orfolk .___ 13,303 12,808 11,028 13,139 11,469 13,364
bid for centrifugals, 96-deg, test, and 3 13-16e. bid for musco N. News, &o.
446
394
2,726
6,055
7,815
375
vado. 89-deg. test. Refined sugar has been fairly active and
firmer at 5c. for granulated. Pepper has advanced on short All others... 38,152 25,909 22,403 11,301 27,256 22,944
supplies. Other staple groceries have been firm.
Tot. this wk. 206,902 271,472 151,841 119,837 209,806 159,917
Kentucky tobacco has been firm bnt quiet. Seed leaf Since Sept. 1
6292,837 6145,209 5271,631 3799,825 5805,504 4642,692
tobacco has been in moderate demand and steady. Sales for
the week were 1,795 cases as follows: 675 cases 1895 96 crops, The e xp o rts for th e w ee k en d in g th is e v e n in g re a c h a t o ta *
Pennsylvania seed leaf, 12@13c.; 180 cases 1887 crop, flats, of 253,265 bales, o f w h ich 90,337 w ere to G reat B rita in , 85,547
14(ul7c,; 50 cases 1896 crop, New England Havana, 30@
40c.; to F ra n ce and 127,481 to the re st o f the C o n tin e n t. B elo w
20 cases 1807 crop, Zimmers, 16$£@
0
17c.; 150 cases 1897"crop, are th e exp orts fo r th e w ee k and sin ce S ept. 1, 1898.
Dutch, l.V ; |!,;•. • 14 cases 1897 crop, Q-ebhart, 14@14%c,;
, .0
W E d gJ n 13 1899. F S t. 1,1898, to J n 13,1699.
eek n in a .
rom ep E
a
100 cases 1897 crop, Onondaga. Il(ai2c., and 30 cases 18960
E
xportedto—
xportedto—.
E orts
xp
97 crop:-, Wisconsin Havana, 9@12^c,; also 250 bales Ha
from
— G t F n C ti lotal G t F n C ti lotal.
rea ra ce on
rea ra ce on
vana at 70@ in bond and 140 bales Sumatra at 80c,@ 75
90e.
$1
B
rit’n.
n t. W . B .
en eek ritain
n t.
en
in bond.
Business in the market for Straits tin has been moderately G a l v e s t o n . . . . . 7,936 10,798 41,595 60,329 848,858 302,105 365,966 1,504,927
496
S,540
20,342
active, and reflecting stronger advices from London, where T e x . C irtlye,a& cs... 13,617 23,584 36,723 496 11,802
73,92t 523,623 181,940 310,000 1,022,223
there has been a flurry among shorts to cover contracts, New O n . 6,197
$,824 14^821
prices advanced. The close was at some reaction from top P e n s a c o l a . . . . 3,870
3^870
51,337 121,704
84,818 5,549
prices at 21 v" 3 T . Ingot copper has been in fairly active S a v a n n a h ..........
1 jjO
10,187 10,187
48,215 27,979 391,746 407,940'
demand and higher, closing at 13%c. for Lake. Lead has B r u n s w i c k . . . 7,040
5,785 12,825 134,648
69,589 304,137
had a fair sale, and prices have advanced to 4'05c. for do C h a r l e s t o n . .. . . . V . '
12,461 12,461
70,208
143,180 313,394
mestic, Spelter has been firmer but quiet, closing at 5T5@ P o r t R o y a l — 3,072
3,072
31,210
21,210 ......
A25e. for domestic. Pig iron has been in fair demand and W i l m i n g t o n .
111,981
133,767 345,748firm at $10 25@ 25 for domestic.
12
N o r fo lk ..
19,597
43,848
24,351
......
21,067
Refined petroleum has been easier, closing at 7'40c. in N fD o r t N., & e .
21,067
bbls., 4 90c. In bulk and 8’15c. in cases. Naphtha higher at N e w Y o r k . .. 11,4 OS 1,165 2,292 14,865 157,981 15,848 118,435 292,264
19,853 224,021
1,175 225,796
IraOc. Crude certificates have been dull; credit balances B o s t o n . . . . 19,833
Baltimore. .
6,309 23,345
84,493
400
61,127 146,020
have been easier at $1 16. Spirits turpentine has been dull Philadelphia. 17,036
208
208
11,034
11,034
anti unchanged at 450045J7c, Rosins have been quiet but San Fran., &e..
......
3,009 8,0C9
9,150
35,680
26,430
steady at- $1 15 for common and good strained. Wool has
90,237 36,347 127,481 253,265 2,482,344 533,821 1,719,504 4,735,6e9
been quiet, but steady. Hops have been in only limited de Total
mand, hut values have held steady.
Total, 1897-98. 115,347 17,318 74,017 207,782 1,968,752 530,215 1,645,262 4,144,320
.
J a n u a r y ........... *
January
THE CHRONICLE.
14, 18S9.J
89
ON S H IP B O A R D , NO T C L E A R E D E O S —
Jan, 13 at
O ther j QoastQreat
Britain. F ra nce. For&ign w is e .
New O rleans...
G a lv e s to n ......
S avan n ah.........
C harleston.......
M obile..............
Norfolk.............
N ew Y o rk........
Other p o r t s ____
T otal 1898. . 112,072
T otal 1 8 9 7 -- 104,259
Total .
35,419
2,274
76,748
23,375 | 20,600 124,602
35.000 ! None.
43.000
300 j
250
650
3,000 : None.
8,000
None- ! 14,000
22.000
2,150 ! None.
11,100
17.000 | None.
35,000
386,894
182,489
83,006
25,166
43,493 121,274 37,124 321,100
872,476
17,980 21,045
49,677 25,950
1,000
7.000
100 None.
5.000 None.
8.000 None.
500
8,450
18.000 None.
T otal 18 99... 114,207
L ea vin t
stock.
• m .o s i
13,289
97,021
64,550
R a n g e ..............
C lo s in g ...........
October —
R a n g e ..............
C lo s in g ...........
N ovem ber —
R a n g e .. . ____
C lo s in g . .........
D ecf -m b e r —
R a n g e ..............
C lo s in g , ..........
In addition to above exports, our telegrams to-night also
Futures.—The highest, lowest and closing prices to
give us the following amounts of cotton on shipboard, not Futures at New York are shown in the following table.
cleared, at the ports named. We add similar figures for
>
7
'S
1
New York, which are prepared for our special use by Messrs.
Lambert & Barrows, Produce Exchange Building.
!ii l
lie
gSi
? m
<? |
<1 1
1a
o*o*
-j<3
<? 1
<1 '
Jd
-3 1
1d
35,958 110,369: 27,155
29,760 67,583 11,636
285,554 1,070,702
213,240
946,580
Speculation in cotton for future delivery has been fairly
active, and the tendency of prices has been towards a higher
basis. The principal strengthening features have been con
tinued buying by outsiders, stimulated by a material falling
off in the crop movement. The latter, however, it is claimed
by many in the local trade has been largely due to the con
tinued unfavorable weather at the South. At the higher
prices there has been persistent selling for foreign
account. Liverpool in particular being conspicuous as a
seller. The improvement in prices was most pronounced early
in the week. Foreign advices were of an encouraging
nature. Liverpool responded to the advance, and also re
ported a good demand from spinners in the spot market. It
was likewise stated that the movement of the crop in Texas up
to January 1st had been slightly below expectations, and
this, too, had its influence in favor of values. During the
latter part of the week the tone was unsettled. Foreign
advices were disappointing; there was fairly free selling for
foreign account, and local longs sold to realize profits. Con
tinued baying, however, by outsiders and some demand from
the South stimulated by the smaller movement of the crop
absorbed the offerings and held values fairly steady. To-day
there was a quiet market. The movement of the crop con
tinued light, but there was an absence of buyers, and prices
were only barely maintained. The close showed values 1
point lower to 1 point higher for the day. Cotton on the
spot has been firmer, and prices were advanced l-16e. on
Saturday, Monday and Tuesday, closing at 6 l-16c. for mid
dling uplands.
The rates on and off middling, as established Nov. 16, 1898,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
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J fW S S
T h e V is ib l e S u p p l y o f C otton to-n igh t, as m a d e u p b y
ca b le and telegraph , is as fo llo w s . C ontinental stock s, as w ell
as those f o r G reat B ritain and the afloat, are this w eek’s re
F air............... ..................... o. l % o u Good O r d i n a r y H j oip ott turns, and con seq u en tly a ll E u ropea n figures are b rou g h t d ow n
■
Middling Fair.
% on Good Middling T inged....... EveD to T h u rsd a y even in g. B u t t o m ake th e to ta l th e com p lete
on Striot Middling S tain ed __ t 3a ofl figures fo r to-n ig h t (Jan. 13), w e a d d th e ite m o f exp orts fr o m
Striot Good Middling.
Good M iddling-. .................. %onj Middling Stained................. 7,e off
ling.. i
i
Strict Low Mlddl: n g ..
^18 of f Striot Low Mid. Stained... 1 off the U n ited States, in clu d in g in it th e ex p orts o f F rid a y on ly.
Low Middling....................... 7,s off , Low M iddling Stain ed_
_ 1% off
1899
1898
1897
1896.
Striot Good O rdinary..........
o ff.
Stook at Liverpool........ hales.1,498.000967,00C 1,147,000 1,111,000
Stock at London..... .........
3,000
3,000____ 7,000____ 6,000
On this basis the official prices for a few of the grades for
Total Great Britain stock. 1,501,000 970,000 1,154,000 1,117,000
the past week—Jan. 7 to Jan. 13—would be as follows.
Stook at Hamburg...................
16,000
7,000
18,000
23,000
Stock at Bremen ... .............. 360,000
372,000 192,000 240,000
Sat. TIO ll T n e s W e d T il, Frt
UPLANDS.
Stock at Amsterdam...............
3,000
3,000
6,000
8,000
Stook at Rotterdam................
300
200
300
200
5
5
4Wis 5
47e
Stook at Antw erp....................
7,000
7,000
12,000
16,000
5=3
5<qa 5=8
Low Middling.................. ........... 5*2
5=8
»
Stook at H avre.... ................ 271,000
285,000 202,000 305,000
6% .
Middling....................................... S™16 6
Stook at Marseilles..................
4,000
4,000
5,000
6,000
«il= B’ lft 67Ifl
6T.fi
6 ° i* 6%
Good Middling........ ................
67, ft 6T,ft
Stock at Barcelona.......- .........
41,000
68,000
52,000
72,000
615,a 81*16 6i6„
613]* 6%
Middling Fairi............................
Stook at Genoa........................
43,000
24,000
43,000
48,000
Stook at Trieste.......................
11,000
2,000
15,000
16,00 0
Sat. M o n T o e , W e d T h . F r i
GULF.
Total Continental stocks .. 761,300 772,200 545,300 734,200
5%
5%
5%
5%
5%
Good Ordinary.................
Total European stocks....2,262,300 1,742,200 1,699,300 1,851,200
5 78
5%
Low M iddling........... ......... .
5%
57e
India ootton afloat for Europe 48,000
34,000
60,000 124,000
Amer. cotton afloat for E’rope. 810,000 595,000 628,000 372,000
6 5ifi 6 0l9 6=18 0"1B
e >
6i%a « “ l# Egypt, Br«'-U,&e.,»llt.forEfi>6
Good Middling............................ 6*i*
19,000
52,000
52,000
51,000
73,„
7 % , Si 18 73,» 7®, f
t Stoim ii united States ports..1,193.57s 1,356,256 1,158,820 1,049,418
Middling Fair.............................. 7 % .
Stook In X S. Interior towns.. 697,945 623,557 532,119 552,608
J.
Sat, M o n T o e , W e d T h . F ri.
STAINED.
United States exports to-day..
69,906
40,816
33,848
64,776
Total visible supply..........5,130,727 4,443,829 4,165,087 4.085.00Z
4%
4 »% ,
Low M iddling.........................
* 4
>
g w
^ 1 Of the above,totals of American and other descriptions are as follow s:
5%
5%
5=8
5®8 9
Middling............ ............ ........... 5 %
s v
Strict Middling...........................
Good Middling Tinged....... .
5 »%
5 1 5 ,.
5 »
m
5TT„
5 2 7 ,,
6 1 , ft
6
» l i*
6
b ft
52732
6*18
The quotations for middling upland at New York on
Jan. 13 for each of the past 33 years have been as follows.
I 18 75 ....0 .15
! 1874......... 16%
1873......... 20'•a
1 3 8 9
1 8 9 7 ..............
7 5 ,6
| 18 72 .........22%
8 5 , ft
1 8 8 8
1 3 9 6 ......
18 7 1 ......... 15%
1 3 8 7
1 8 9 5 . ............ 5 %
I 1870......... 25%
1 8 8 6
1 8 9 4 ...............
1869.........29%
1 8 8 5
1 3 9 3 ......
I 1868......... 16%
1 8 9 2 ......
7 *,e
11 8 8 4
N o t e .— On Oot. 1,18 7 4 , grades of ootton as quoted were ohanged.
According to the new olnsalfleatlon Middling w as on that day quoted
%c, lower than Middling of the old classification.
MARKET AND SALES.
1 8 9 9 — .0 .
1 8 9 3 ..............
61, 6
5 7s
9 %
1 8 9 1 ... ,o . 9 %
1 8 9 0 .......1 0 7 , g
....... 97g
.......1 0 %
.......
9%
....... 95W
....
.... ..i o i i ,f i !
[ 1 8 8 3 . „ ..0 .1 0 3 i n
1
1
1
1
8
8
9
8
8
8
8
7
2
1
0
9
.
. ............1 H S H
. ______ 1 2 7 e
. . ............ 0 = ! 6
1 8 7 8 - ............1 1 %
1 8 7 7 . . ............1 3 %
1 8 7 6 - ............1 3 * 8
Sa le s
Spot Ma r k
0 CO SED .
S a t u r d a y ..
M onday—
T u e sd a y ...
W edn esday
T b n r a d a y -.
F r i d a y .........
T o t a l .....
F
e t
of
Spot & Con
tract
otcres
|
s t e a d y a t i t „ a d . { S t e a d y ............
F i r m a t 1 , * a d v . | i r m ................
F
F i r m a t l i e a d v . S t e a d y ............
Q n i e t ......................... j B 'r l y s t e a d y .
S t e a d y .....................S t e a d y ..............
F i n n ..........................jC iu i e t d c f t t 'd y
E x
p o r t.
Oon su m p.
C on
tract.
2
,io o
600
700
Total.
2 ,1 0 0
300
416
500
600
700
599
1 ,2 1 6
300
1 ,0 1 5
3 ,9 0 0
5 ,2 1 5
599
LI verpoof stock.............hales. 1,390,000 852,000 997,000 925,000
Continental stocks.................. 719,000 737,000 469,000 664,000
American afloat for Europe... 810,000 595,000 628,000 372,000
United States stock..................1,193,576 1,356,256 1,159,820 1,049,418
United States Interior stocks. 697,915 623,557 532,119 552,608
United States exports to-day,. 69,906
40,816
33,848
64,776
Total American........ ......... 4,380,427 4,204,629 3,819,787 3,627,802
E asi I n d ia n , B ra zil, c tc .~
Liverpool stook........................ 108,000 115,000 150,000 186,000
London stock............................
3,000
3,000
7,000
6,000
Continental stocks..................
42.300
35,200
76,300
70,200
India afloat for E urope..........
48,000
34,000
60,000 124,000
Egypt, Brazil, Ac., afloat........
49,000
52,000
52,000
51,000
Total East India, &e......... 250,300 239,200 345,300 437,200
Total American..................4,880,427 4,204,629 3,819,787 3,627,802
Total visible supply..........5,130,727 4,443,829 4,165,087 4,065.002
T4d.
Middling Upland, Liverpool..
3B32d.
3’ nod.
4i3id.
Middling Upland, New York..
6%fO.
5780.
75x6°Egypt Good Brown, Liverpool
55 «d.
47!, d.
5) 1fgd.
67l6d.
Peruv. Rough Good, Liverpool
6%d.
671(,d.
65,ftd.
46!6d.
Broaoh Fine, Liverpool____
35,ed.
3- ,;d. 33i32d,
4%d.
Tinnevelly Good, L iverp o ol...
3%d.
3b ,d . 33l3.d.
t W The imports into Continental ports the past week have
been 124,000 bales.
The above figures indicate an increase in the cotton in
sight to-night of 636,898 bales as compared with the same
date of 1898, a gain of 965,640 bales over the corresponding
date of 1897 and an excess of 1,065,725 bales over 1896.
THE CHRONICLE.
90
[VOL. LXVIII.
Q u o t a t io n s f o r M id d l in g C o t t o n a t O t h e r M a r k e t s . —
A t t h e I n t e r io r T o w n s the movement—that is the receipts
Below are closing quotations of middling cotton at Southern
or the week and since September 1, the shipmente for the snd other principal cotton markets for each day of the w e e k .
week and the stocks to night, and the same items for the
„
,
,,
O L O StM O Q U O T A T IO N S F O B M I D D L IN G I i n T T i . i
corresponding period of 1897-98— set out in detail below.
is
J a n . 13.
Q
10 O
M^ ©
10C
C
5® K/W
^j'oc*
®x®c.V*.T3^w©’^ ©cow ©--**•“'* T*to
■p
® S«o^jX »B a® a~-iaD M oe«>osoiM cococooo*cx»K iO M O Q D -^
w «oS *© c*© H «cto»© t-5 © ~ 4 w # k *ocoD ® © -4c*w © ^ © i*^ ,'t©
Satur.
M on.
Tues.
W ednes.
Thurs.
F ri.
G a lv e s to n ...
N ow O rleans
M o b i l e .........
S a v a n n a h ...
C h a rle sto n ..
W ilm in g ton .
N o r fo lk ........
B o sto n ..........
B altim ore . .
P h ila d elp h ia
A u g u sta .......
M e m p h is___
St. L o u is ___
H ouston____
C in c in n a t i..
L o u is v ille ..
5Ra
5H
5hs
5 »is
5»ia
5hs
5*4
5*4
5*1
513
51*16
5 7s
61t
51=16
530
51,8
59s
5*18
60s
5*18
5=18
5J
4
5J
4
5%
5*4
6
5 78
6 “ 18
5 7s
5 Is
5716
5*18
5«8
59)
5=8
5 6ie
5=16
5 14
56s
5*18
5M
5R
5=8
5&10
5*4
51
*
514
51s
5^
She
5 78
66,6
•>
*78
5^
51,6
55s
5=8
5 is
514
5 14
5 is
5^
6 [ 16
6
f 'm
5 78
5*a
51s
55s
5%
5>s
5916
6 l ia
6
6*18
5 78
5 1^
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550
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The above totals show that the interior stocks have de
creased during the week 41,634 bales, and are to-night 74,338
bales more than at the same period last year. The receipts
at all the towns have been 51,940 bales less than the same
week last year, and since Sept, 1 they are 776,351 bales more
than for the same time in 1897-98.
O verlan d Movem ent
for the
W
eek and
S i n c e S e p t . 1 .—
We give below a statement showing tne overland movement
for the week and since Sept. 1, as made up from telegraphic
reports received Friday nignt. The results for the week
ending Jan. 13 and since Sept. 1 in the last two years are
as follows.
1898-99
J a n u a ry 13
Week.
Since
Sept. 1.
1897-98.
Week.
Since
Sept. 1.
S hipped—
Via 41. JLO
tllB.............................
Via Cairo........................... .......
Via Parker................................
Via Rook Inland....... .................
Via Louisville.............................
VU Jlneinnati..........................
Via >ther routes, A c .................
Total gross overland............
31,336
16,100
277
14,969
6,759
8,986
29,862
14,438
1,8 11
38,429
2,800
100,965
7,019
83,473
6,296
101, OOo
3,864
612,769
2t0,596
545,991
224,736
17,227
33,077
69,243
67,331
88,303
78,427 1,197,092
66,090 1,045,90-
Overland to N. Y., boston, <Sio..
Between Interior towns............
22,942
98 *
2,511
20,224
231
1,308
253,194
18,825
Total to he deducted...........
26,436
342,580
21,763
291,979
51.991
• Including movement by rail to Canada.
8^4 512
44.327
753 929
D educt nK ipm tntt—
Leaving total net overland*
295,8 34
17,825
28,921
The foregoing shows that the week’s net overland movement
this year has been 51,991 bales, against 44.327 bales for the
week in 1898, and that for the season to date the aggregate ne
overland exhibits an excess over a year ago of 100,583'bales.
In Sight a n d S p in n er»'
Takings.
1893-99.
Week.
S ince
Sept. 1.
1897-98.
Week.
S ince
Sept. 1.
Receipts at port, to Jan. 13...
. 206,902 6.292,837 271.472
6,145,209
Net overland to Jan. 13..........
51,99.
851,512 44,327
Southern consumption to Jan. 13 26,000 504,000 23,000 753,929
440,000
Total marketed....................... 284,893 7,651,319
7.339.138
rateriorstooks In exoess____ . . .
•41,634 593,826 '5.286 578 4? j
Camntnto aightdurlng week 243,259
333,513
Total In eight Jan. 1 3 .. .......
8.245,175
7,917,619
N o rth ’ n s p ln n e r k ta k 'c k t o Jan. 13 48.951 1.357.925 56.294
I 366.3- A
-D e c r e a s e d u rin g w eek.
5 78
54»
63J6
5%
5*8
5^8
538
5*ia
5%
513
513
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
Athens..............
Atlanta............
Charlotte.........
Columbus, Ga.
U 'JOM O*'-
5M
5*1
57U
5^
5%
514
Columbus,Miss
E ufaula..........
Little R ook,...
Montgomery...
538
5*8
5M
I Nashville.........
|Natchez...........
|Raleigh............
1Shreveport. . . .
5M
5>
8
t=8
5 46
W e a t h e r R epor ts b y T e l e g r a p h . —Reports to us by
telegraph this evening indicate a continuation of unfavor
able weather during the week over the greater portion of
the Siuth. Rain has been general, and in some localities the
precipitation has been rather heavy. Picking has been
almost entirely suspended, and marketing of cotton hind
ered by the impassable condition of the roads.
Galveston, Texas.—We have bad rain on four days during
the week, to the extent of two inches and twenty-nine hun
dredths The thermometer has ranged from 42 to 64, aver
aging 53.
Palestine. Texas,—There has been rain on three days dur
ing the week, the rainfall being two inches and twenty-six
hundredths. Average thermometer 47, highest 68 and low
est 26.
( orpvs Christi, Texas.—There has been rain on three days
during the week, the rainfall reaching twenty-six hun
dredths of an inch. The thermometer has averaged 57, the
highest being 72 and the lowest 43.
Paris, Texas.—It has rained almost continuously the past
week, making the roads impassable. The thermometer
has ranged from 26 to 57.
San A ntonio, Texas.—W e have had rain on three days dur
ing the week, the rainfall reaching three inches and twelve
hundredths. Minimum temperature 30
.
Neic Orleans, Louisiana.—There has been rain on three
days during the week, the precipitation reaching ninety-nine
hundredths of an inch. Average thermometer 54.
Shreveport, Louisiana.—We have had rain on four days
during the week, the rainfall reaching two inches and sixtythree hundredths. The thermometer has ranged from 29 to
70, averaging 48.
Columbus, Mississippi.—Bad weather retards business
We have had rain on four days of the week, the rainfall
reaching one inch and seventy-four hundredths. The ther
mometer has averaged 61, the highest being 78 and the
lowest 40
.
Leland, Mississippi.—No cotton has been picked the past
ten days on account of unfavorable weather conditions.
There has been rain during the week to the extent of two
inches and ninety hundredths. The thermometer has aver
aged 45-7, ranging from 23 to 77.
Vicksburg, Mississippi.— Rain has fallen on five days of the
week, to the extent of one inch and thirty-three hundredths.
The thermometer has ranged from 29 to 63, averaging 51.
Greenville Mississippi.—As a result of the heavy and contin
uous rains there has been no cotton picked the past ten days.
Little Rock, Arkansas.—There has been rain on six days
during the week, to the extent of four inches. Average
thermometer 45, highest 60, lowest 3 .
0
Helena, Arkansas. No farm work is going on. We have
had rain on four days of the week, the rainfall being one
inch and two hundredths. The thermometer has averaged
41, the highest being 65 and the lowest 20.
Memphis, Tennessee.—Picking is entirely suspended. We
have had rain on five days of the week, the rainfall reaching
one inch, and it is raining now. The thermometer ha- aver
aged 40'8, ranging from 24 6 to 55'8.
Nashville, Tennessee.—Rain has fallen during the week, ti
the extent of two inches and seventeen hundredths. The
thermometer has ranged from 18 to 49, averaging 33
Mobile, Alabama.—Roads in many sections in the interior
are reported to be almost impassable. It has rained on five
days of the week, the rainfall reaching one inch and fiftyfour hundredths. Average thermometer 53, highest 67, low
est 30
.
Montgomery, Alabama. —We have had rain on five days
during the week, the precipitation being two inches and
thirteen hundredths and it instill raining. The thermometer
has averaged 5 , the highest being 71 and the lowest 28
i>
.
Selma, Alabama.— W e have had rain on six days of the
week, the precipitation reaching two inches and sixty-three
hundredths. Thermometer has averaged 45, ranging from
anuary
THE CHRONICLE.
14, 1889.1
Madison, Florida.— W e h a v e h a d r a in o n t w o d a y s d n r in g
th e w e e k , t o th e e x t e n t o f e ig h t y h u n d r e d t h s o f an in c h .
T h e t h e r m o m e t e r h a s r a n g e d f r o m 36 t o 78, a v e r a g in g 60.
Augusta, Georgia.— T h e r e h as b e e n r a in o n fiv e d a y s
d n r in g th e w e e k , t o th e e x t e n t o f t w o in c h e s a n d t h ir t y -t h r e e
h u n d r e d th s . T h e t h e r m o m e t e r h a s a v e r a g e d 53, r a n g in g
f r o m 31 t o 73.
Savannah, Georgia.— T h e r e h as b e e n r a in o n fiv e d a y s th e
p a st w e e k . T n e r a in fa ll r e a c h e d o n e in c h a n d f o r t y t w o
h u n d r e d t h s . T h e t h e r m o m e t e r h as a v e r a g e d 49, th e h ig h e s t
b e in g 75 a n d th e lo w e s t 33.
Stateburg, South Carolina.— T r e e s a n d g r a s s a r e n o w
t h ic k ly e n c a s e d in ic e , b n t a r e t h a w in g s l o w ly .
I t h as
r a in e d on t w o d a y s d n r in g th e w e e k , th e r a in fa ll r e a c h in g
o n e in c h a n d fift y -n in e h u n d r e d t h s . A v e r a g e t h e r m o m e t e r
44, h ig h e s t 77, lo w e s t 38.
Charleston, South Carolina.— R a in h a s fa l le n o n fiv e d a y s
o f th e w e e k , t o th e e x t e n t o f o n e in c h a n d t w e n t y - t w o h u n
d r e d th s . T h e th e r m o m e t e r h a s r a n g e d f r o m 37 t o 69, a v e r
a g in g 49.
Greenwood, South Carolina.— T h e r e h as b e e n r a in o n f o u r
d a y s o f th e w e e k , th e p r e c ip it a t io n b e in g t w o in c h e s a n d
f i f t y h u n d r e d th s .
T h e t h e r m o m e t e r h a s a v e r a g e d 36.
T n e f o llo w i n g s ta t e m e n t w e h a v e a ls o r e c e iv e d b y t e le g r a p h ,
s h o w in g th e h e ig h t o f th e r iv e r s a t t h e p o in t s n a m e d at
3 o ’ c l o c k J a n u a r y 13, 1899, a n d J a n u a r y 13, 1898.
91
■ liy M iisristt v a r k s t . —O u r r e p o r t r e o e i v e d b y c a b l e
I
t o - n i g h t fr o m M a n c h e s te r s t a t e s th a t th e m a r k e t c o n t in u e s
q u ie t f o r b o t h y a rn s a n d s h ir tin g s . M a n u fa c t u r e r s a re g e n
e r a lly w e ll u n d - r c o n t r a c t .
'Y e g iv e th e p r ic e s f o r t o - d a y
b e l o « in ., le a v e th o s e f o r p r e v io u s w e e k s o f th is a n d la s t
y e a r fo r c o m p a r is o n .
1898 99
to fi n e s t.
a
.
from a l l
1-2
9-3
P o r t s .— T h e r e c e ip t s
o f o o t t o n a t B o m b a y a n d t h e s h ip m e n t s f r o m a ll I n d ia p o r ts
f o r th e w e e k e n d i n g J a n . 13, a n a f o r t h e s e a s o n f r o m S e p t. 1
t o J a n . 13 f o r th r e e y e a r s h a v e b e e n a s f o l l o w s :
1898-99.
R eceip ts a t—
Week.
B o m b a y ...........
1897-98.
_
Since
Sept. 1.
74,000
.
|
W tek -
456,0001 42,000
1896-97.
Since
Sept. 1.
S ince
Sept. 1.
Week.
221,000 36,000
Since S ep tem ber 1.
F or the Week.
fr o m —
G reat
B rita in .
Bombay—
1 8 9 8 -9 9 ..
1 897 9 8 ..
1 6 9 6 -9 7 ..
2,000
C a lc u tta —
1 8 9 8 -9 9 ..
......
1 89 7 9 8 ..
1 89 6 9 7 ..
1,070
Madraa—
189899..
1 897 98..
■ ***•
1 8 9 6 -9 7 ..
A ll olhere1 8 9 8 -9 9 ..
1897 98
189 6 -9 7
.........
Total all —
189 8 -9 9
1897- *8
1 8 9 6 -9 7 ..
3.000
C on ti
nen t.
Total.
9.000
3.000
11.000
9.000
3.000
13,o00
1,000
1,000
1,000
2,000
2,000
2,000
3;6oo
3,000
3,000
3,000
12,000
3.000
18,000
12,000
3,000
21,000
G reat
B r ita in .
C on ti
n en t.
Total.
6,000
74.000
43.000
121,000
75.000
44.000
127,000
2.000
1,000
1,000
12.000
2,000
7,00 0
14.000
14.000
9.000
18.000
2.000
2,000
13.000
4.000
9.000
17.000
ft,000
15.000
7.000
26.000
4.000
8.000
12,0 00
42.000
19.000
34.000
48.000
27.000
46.000
9,000
13.000
31.000
141.000
74,000
186.000
150.000
37,000
217.000
A c c o r d i n g t o th e f o r e g o i n g , B o m b a y a p p e a r s t o s h o w an
increase c o m p a r e d w it h la s t y e a r in t h e w e e k ’s r e c e ip t s o f
88,000 b a le s .
E x p o r t s f r o m a ll I n d ia p o r t s r e c o r d a g a in
o f 9,000 b a le s d u r i n g th*» w e e k a n d s i n c e S e p t e m b e r 1 s h o w
a n e x c e s s o f 63,000 b a le s .
A l e x a n d r ia
R e c e ip t s
and
S h ip m e n t s
of
C o t t o n .—
T h r o u g h a r r a n g e m e n t s w e m a d e w it h M e ssrs. D a v is , B e n a c h i
Sc C o ., o f L iv e r p o o l a n d A l e x a n d r i a , w e n o w r e c e i v e a w e e k ly
c a b le o f th e m o v e m e n t s o f c o t t o n a t A l e x a n d r i a , E g y p t . T h e
f o l l o w i n g a r e th e r e c e ip t s a n d s h ip m e n t s f o r th e p a st w e e k
a n d f o r th e c o r r e s p o n d i n g w e e k o f th e p r e v io u s t w o y e a r s .
A le x a n d r ia , E gypt,
J a n u a ry I i
Receipt* (cantara*)...
TUla w eek................
Since Sept. 1 ........
1898-99.
175,000
3,978,000
1896-97.
1897-98.
237.000
|
4,503.000
Since 1 Ttiit
| This
Since
w eek. Sept. 1. | week. Sept. 1.
I
145,000
4,144,000
ThlH
Since
week. Sept. i.
E x p o r ts (bale#)—
To Liverpool............ 11,000 167.000 8,000 181,000 18.000 208.000
To Continent!.......... 18.000 152.000 13,000 180,000 15.000 106.000
Total Europe........ 29.000 319,000 21,000 361,000 31,000 374.000
* A cantar la 93 pounds.
» Of which to America in 1898-99, 15,948 bale*; in 1897-93, 21,393
bales; in 1896-97, 20.412 bales.
T h is s t a t e m e n t s h o w s t h a t th e r e c e ip t s f o r th e w e e k e n d i n g
J a n . 11 w e r e 175,000 o a n t a r 9 a n d th e s h ip m e n t s to a ll E u r o p e
19,000 b a le s .
J u t e B u t t s , B a o o in o , & c . — T h e m a r k e t f o r j u t e b a g g in g
h a s c o n t i n u e d v e r y d u ll d u r in g t h e w e e k u n d e r r e v ie w at
5J£c. f o r \% lb s. a n d 9)fe. f o r 2 l b s ., s ta n d a r d g r a d e s .
C ar
lo a d lo t s o f s ta n d a r d b r a n d s a r e q u o t e d a t 6 )£ c . f o r \% lb s
a n d 6 }^ c . f o r 2 lb s ., f, o. b . a t N e w Y o r k .
J u te b u t t s h a v e
a ls o b e e n d u ll at 9 0 c. f o r p a p e r q u a lit y a n d
f o r m ix in g .
V pid t
d.
d.
33,s
3^32
3*4
3*4
37.22
S ea is l a n d Uo t t o n M o v e m e n t .— W e h a v e r e c e i v e d th is
(F r id a y ) e v e n in g b y t e le g r a p h f r o m t h e v a r io u s p o r t s t h e
d e ta ils o f th e S ea I s la n d c o t t o n m o v e m e n t f o r t h e w e e k . T h e
r e c e ip ts f o r th e w e e s e n d in g t o - n ig h t (J a n . 13) a n d s in c e
S e p t. 1, 18S8, t h e s t o c k s t o - n ig h t , a n d t h e s a m e it e m s f o r t h e
c o r r e s p o n d in g r e r io d e o f 1897-98, a r e a s f o l l o w s .
189S-99.
S eeeip ts to J a n . 13.
1897-98.
T h is
S in ce
w eek . Sept. 1 .
Savannah.........
1,185
101
326
Jbarleston, <ko__
F l o r i d a , <Sc................
Total.............................
1,612
53,709
Stock.
S in ce
T his
w eek . 8e p t. 1. 18f 9
1,822
262
420
1898.
49.240 15,488 25,801
8,980 3,192 5,763
4,869 2,828 2,475
2,504 63.039 21,508 34 039
T h e e x p o r t s f o r th e w e e k e n d in g t h is e v e n in g r e a c h a t o t a l
o f 327 b a le s , o f w h ic h — b a le s w e r e to G r e a t B ritarn, 327
t o F r a n c e a n d — to R e v a l, a n d th e a m o u n t f o r w a r d e d t o
N o rth ern m ills naa b e e n 3,009 b a les. B e lo w a r e t h e E x p o rts
f o r th e w e e k a n d t i n c e S e p t e m b e r 1 in 1898-99 a n d 1897-98
E x p o rts
fr o m —
378.000
E x p o rt*
to fin e st.
s. a. s. a.
oh ?»6t8 4 1 06 8
3 ^ 5 l l l 6 - 6 i S i e 4 1 0 6 7*g
5 U ie -6 l3 1(i 4 0*306 8
5 H 1 6 - 6 1 3 I g 4 0*306
8
3*32 5 H ie » 6 % 4 0*3 06 8
3=32 5 U ia ® 6 % 4 0*a»6 8
d .
r-i Cl C
O
-fr -U C
In d i a C o t t o n Mo v e m e n t
4*4
63
24*9
a.
CoViO
New Orleans...............................Above zero of gauxe.
M em p his......................Above zero of gauge.
Naahvtlle.....................................Above zero of gauge.
Shreveport................................. Above zero of gauge.
VloJcsburg................................... Above zero of gauge.
Twist.
JJplds
8. d. s. d.
l)ee. 9 5=8 06*9 4 1 06 9
“ 16 5=8 9 6 ^ 4 1 06 9
" 23 5=8 9 6 ^ 4 1 o e 9
“ 30 5=8 96*4 4 1 06 9
Jan. 6 53?
4 1 06 9
* 13 5=8 *6*9 4 1 0 6 9
•
a.
J a n . 12. ’99. J a n . 13. *98.
F tet.
1897-98
8 * U>e. S k irt
32« C op. in g s , com m on OotVn 3 2* Oop. 81* Lbs. S k irt Oolt’ n
M id.
in g s , com m on M id.
Twist.
Week E n d in g Jan. 13. S inee S ept. 1, 1898
G rea t F r'n c t
Total
B rit'n .
S c.
Savannah...
Jharl’t ’n.Ac
Florida, Ac
New York.
B oston.......
Balt., A c ....
........
T otal........
........
Total 1897-8
........
......
590
.........
.........
” 327
’ 227
227
532
G reat F r ’ n ct
Total.
B riC n.
S c.
3,684 1,861
1,243
200
3,069 3,588
1,945
1,002
227 11,143
N orth’ n M u s.
ur, ,
Week
Sinm
Sept. 1.
5,545 1,683 17,455
1,243
416
200
326 5,092
6,657
1,945
1,00"
5,449 16,592
2,009 22,963
1,122 14,500 3,322 17,822
A c o n s id e r a b le p o r t io n o f th e S e a I s la n d c o t t o n s h ip p e d to
fo r e ig n p o r ts g o e s v ia N e w Y o r k , a n d s o m e s m a ll a m o u n t s v ia
B oston a n d B a lt im o r e . I n s t e a d o f i n c l u d i n g t h is c o t t o n f o r
th e w e e k in w h ic h it le a v e s t h e S o u t h e r n o u t p o r t s , w e f o llo w
th e s a m e p la n a s in o u r r e g u l a r t a b le o f i n c l u d i n g i t w h e n
a -tu a llT a x o o r t e d f r o m N e w Y o r k , & c . T h e d e t a ils o f th e
s h ip m e n ts o f S ea Is la n d c o t t o n f o r th e w e e k w i l l b e f o u n d
u n d e r th e h e a d “ S h ip p in g N e w s ,” o n a s u b s e q u e n t p a g e .
Q u o t a tio n s J a n 13 at S a v a n n a h , f o r F lo r id a s , c o m m o n ,
9 c .: m e d iu m fin e , 1 0 c.; c h o i c e , 13c.
C h ariest-ii
C a r o lin a ? . m e d iu m fin e , 1 8 c .; fu lly fin e , 23 t o
3 3 c .: e x t r a fin e . 40 t o 50c.
Co tton C o ng r ess a t N e w O r l e a n s .— M a y o r F lo w e r , o f
N e w O rle a n s, h a s issu e d a c a ll f o r a C o t to n C o n g r e s s t o a s
s e m b le in N e w O rlea n s o n F e b r u a r y 16. I t is s ta te d t h a t th e
l o w p r ic e o f c o t t o n h a s a r o u s e d p r o d u c e r s , a n d t h e a g it a t io n
o f th e q u e s tio n o f p r o d u c t io n h as c u lm in a t e d in a s e n tim e n t
th a t a ll in te re s ts a ffe c te d b y t h e lo w p r ic e o f th e sta p le b e r e p r e -o n t e '1 ; a C o t t o n C o n g r e s s . N e w O rlea n s f a c t o r s h a v e re
c e iv e d le tte r s fr o m le a d in g c o t t o n p la n te r s in A la b a m a , M is
sis s ip p i, T e x a s a n d L o u is ia n a , u r g in g th e n e c e s s it y o f a c o n
v e n tio n . a n d M a y o r F lo w e r jo i n e d in th e m o v e m e n t a n d
issu ed th e n e c e s s a r y c a ll. H e h as a ls o s e le c t e d a r e p r e s e n ta
t iv e c o m m it t e e o f c o t t o n m e n t o m a k e th e n e c e ss a r y a r r a n g e
m e n ts a n d issu e in v it a t io n s f o r th e c o n v e n t io n .
A c g u s t a ( G a .) S t r ik e .— T h e s itu a tio n in A u g u s t a is a p
p a re n tly b u t lit t le c h a n g e d .
A n a tte m p t w a s m a d e t o sta rt
u p th e m ills o n M o n d a y la s t, b n t it m e t w it h n o g r e a t d e g re e
o f s u c c e ss , o n ly a lim ite d n u m b e r o f h a n d s r e s p o n d in g . T h e
o p e r a tiv e s e v in c e n o d is p o s it io n t o a c c e p t th e r e d u c e d w a g e s .
N e w E n g l a n d M il l S it u a t io n .— T h e R o b e s o n C o t to n
M ills , F a ll R iv e r , h a v e b e e n r e o r g a n iz e d , a n d it is e x p e c t e d
w ill r e s u m e o p e r a t io n s in a b o u t on e w e e k .
R e o r g a n iz a t io n
o f o t h e r m ills h as a ls o b e e n e ffe c t e d o r is u n d e r w a y.
S h ip p in g N e w s .— A s s h o w n o n a p r e v io u s p a g e , th e
e x p o r t s o f c o t t o n f r o m th e U n it e d S ta te s th e p a s t w e e k h a v e
r e a c h e d 253,265 b a le s . T h e s h ip m e n ts in d e t a il, as m a d e u p
fr o m m a il a n d t e l e g r a p h ic r e t u r n s , a r e a s f o llo w s :
Total ba les.
N b w Y o r k —T o L iv e rp o o l, p er stea m er N o m a d ic, 2 ,3 4 3 ............ 2 ,3 L i
T o H u ll, p er stea m ers C h ica go, 4 ,7 0 6 — Id a h o, 4,159........
8,865
T o M a n ch ester, p er steam er C yren e, 2 0 0 . . . . . . ................
-0 0
T o H a vre, p e r steam ers B ed ouin, 2 d l— .L a G a so o gn e , 437
u p la n d an d 227 Sea Isla n d ......... - - - - - - - .....................................
»6 5
T o M arseilles, p e r steam er V icto ria , 3 0 0 ...................... .............
300
T o H uu lm rg, p e r stea m er A ig o a , 5 0 . . . . . . .................................
50
T o R o tte rd a m , p e r stea m er M en dota, 2 0 0 . — - .......................
200
T o A n tw e rp , p er stea m er B ritish K ing, 1 0 2 . ...........................
102
T o C op en h a gen , i er s t am or A le x a n d ra , 6 0 0 .. .....................
600
T o G en oa, p er steam ers A thalie, 6 / 3 -----V lotoria , 6 - ..............
740
T o N aples, p e r stea m er V ic to r ia , 6 0 0 ...........................................
boo
THE CHRONICLE
92
Total bales.
N ew Orleans—To Liverpool—Jan. 7—Steamer Eleotrioian,
5,917...... Ian. 11—Steamer Texan. 4,309.............................
To MancUester-Jan. 7-Steamer Nith, 3,400............... .......
To H avre-Jan. 13—Steamer Monarch, 21,132......................
To Dunkirk—Jail. 11—Steamer Hermann, 2,452...................
To Bremen—Jan. 10—
Steamer Aliiirate, 7.951.----- ----------To Hamburg Jan. 7—Steamer Daybreak, 100---- Jan. P—
Steamer Inehmarlo, 385_ Jan. 12-Steamer Etlielaida,
_
ICO..............................................................................................
To CoDenhoiren—Tan. 7—Steamer Eondeshorough, 873.......
To Oporto Jan. 9—Ship Ooeauo. 3.000........................ .......
To Barcelona—
Jan. 9—Steamer Catalina, 7,211...................
To G en oa-Jan. 10—Steamer Olimpo, 3,803— Jan. 12—
8teamer Citta di Palermo, 6,450— ...... ...........................
To Naples—Jan. 12 - Steamer Oitta de Palermo, 2,050........
G alveston—To Liverpool—Jan. 7—Steamer Explorer, 4,225...
To Belfast—Jan. 5—Steamer Glenarm Head. 3,681.............
To H avre-Jan. 10—Steamer North Sands, 10,198..............
To Rouen—Jan. 7—Stoamer Eden Hall, 600..........................
To Bremen-Jan. 7 —
Steamers Cayo Mono, 6,325; Crom
well.8,<93: Wllderoft, 7,315; Jan. 10-Steamer Sir W. T.
Lewis, 9,006_ Jan. 12 - Steamer Labnau, 8,583...............
_
To Hamburg—Jan. 11—Steamer Woodleigh, 1,458— Jan.
12—
Steamer Marie Suzanne, 715........................- .................
To Rotterdam—Jan. 9—Steamer Sarmatia, 100.....................
Corpus Ohkisti, &c.—To Mexico, per railroad, 496 ................
Mobile—To Manchester—Jan. 10—Steamer Huntoliffe, 6,197..
To Bremen—Jan. 6 Steamer Maylands, 8,624.....................
P ensacola—To Liverpool—Jan. 7—Steamer Gaditano, 2,u00..
To Belfast—Jan. 12—Steamer Valhalla, 1,870......................
Savannah—To Bremen—
Jan. 1 0 —
Steamer Regina, 5,237........
To Lisbon— a n .' —Steamer Carrie, 350................................
J
To Oporto—Jan. 7-Steam er Carrie, 4,600...................... .
B runswick—To Manchester—
Jan. 12 - Steamer Horatius,
7,040..........................................................................................
To Bremen—Jan. 11—Steamer Silverton, 5,78 s.....................
Charleston—To Barcelona Jan. 10—Steamer Aureola, 6,708
To Geuoa—Jan. 7—Steamer Winnie, 5,753..........
............
P ort Royal —To Liverpool—
Jan. 6—Steamer Cento, 3,072
Boston—To Liverpool—Jan, 2—Steamer New England, 6,047
Jan. 3—Steamer Cestrian, 9,139_ Jan. 4—Steamers
_
Kansas, 1.422; Pavonia, 975...... Jan. 7-Steam er Bay
State 1.163_ Jan 10—SteamerSachem, 1,107
_
B altimore—To Liverpool—Dec. 31—Steamer Ulstermore,
3,735_ J»m. 5 -Steamers Pinemore, 6.579; Quernmore,
_
5,572........................................................
.........................
To Belfast-Jan. 10—Steamer Lord Erne, 1,150. . ................
To Bremen—Jan. 13—Steamer Willehad,2,139 ....................
To Hamburg—Dec. 31—Iteamer Bengalia, 3,770.................
Jan. 10—Steamer ICnieht of St. George, 400......................
500 bales reported last week to Rotterdam per Durango,
went to Antwerp on Emir.
Philadelphia —To Liverpool—Jan. 6—Steamer Belgenland,
2 0 8 .........................................................................................
San F rancisco To Japan—Jan. 7—Steamer China, 809..........
Tacoma— Japan—Jan. 7—Steamer Victoria, 2,200...... i ........
To
10,217
3,400
21,133
2,452
7,951
58o
673
8,000
7,211
—O.iO
4,255
3,6«l
10.198
600
39,322
2,173
100
496
6,197
8,621
2,000
1,870
5,237
350
4,600
7.040
5,785
6,708
5.753
3,622
19,853
15,886
1,150
2,139
L i v e r p o o l . —By cable from Liverpool we have the follow
ing statement of the week's sales, stocks. Sea., at that port.
D ec. 23
Dec. 3 0
Jan. 6
J a n . 13.
3 5 ,0 0 0
5 7,0 0u
o » l e s o f the w e e k ........... b a le s .
5 3 ,0 0 0
8 0 ,0 0 0
3 ,3 0 0
1 ,2 0 0
3 ,8 0 0
O f w h ioh e x p o r te r s t o o k ..
3 ,0 0 0
2 .3 0 0
5 ,1 0 0
4 ,5 0 0
O f w hioh s p e c u la to r s to o k
1 1 ,0 0 0
5 2 .0 0 0
33,0 00
4 9 ,0 0 0
ia> es A m e r ic a n .................. . .
7 3 ,0 0 0
5 ,000
1 0 ,0 0 0
14,000
A etna e x p o r t ........................... .
1 2 ,0 0 0
82,0 00
6 8 ,0 0 0
65,0 00
■Mrw a r d e d .. . . ........................
7 4 ,0 0 0
to ta l sto o k — E stim a te d .......... 1,2 5 6.00 0 1 ,3 3 7 ,0 0 0 1 ,3 7 0,00 0 1 ,4 9 8 ,0 0 0
O f w hioh A m e r ic a n —E atm ’ d 1,1 5 8,00 0 1 ,2 3 3 ,0 0 0 1 ,2 6 5 ,0 0 0 1 ,3 9 0 ,0 0 0
184 ,00 0
1 5 9 ,0 0 0
112 ,00 0
Potal Im p ort o f th e w e e k
2 3 4 ,0 0 0
1 71 ,00 0
1 4 4 ,0 0 0
9 7 ,0 0 0
O f w h ich A m e r ic a n -----2 1 8 ,0 0 0
3 9 5 ,0 0 0
3 S 8.000
5 4 8 ,0 0 0
A m ou nt a flo a t......................
4 3 4 ,0 0 0
3 9 4 .0 0 0
3 8 s,000
O f w hioh A m e r io a n ____
5 4 0 .0 0 0
4 3 0 ,0 0 0
The toue of the Liverpool market for spots and futures
each day of the week ending Jau. 13 and the daily closing
prices of spot cotton, have been as follows.
Spot.
S aVday. M on d a y. T u esda y. W ed-day. Thursday
M arkat, ?
1 :4 5 p . m .J Harden**?S lid. U p l’ ds.
S pec. & e x p .
3332
1 2 000
2 ,0 0 0
Good
business
doing.
3 is
1 2 ,0 0 0
2 ,0 0 0
Fair
demand.
35 33
Fair
In buyers’ business
favor.
doing.
Steady.
3 532
1 0 ,0 0 0
3 532
1 4 ,0 0 0
1 ,0 0 0
F r id a y .
2 ,0 0 0
15 0 0 0
3 ,0 0 0
3 533
1 2 ,0 0 0
2 ,0 0 0
F u tu res.
Steady at Steady at Steady at Steady at Quiet at
M a rk et, { Steady at 1-64 ad
1-64 ad
1-64 ad
1-64 ad
1-64 de
partially
1:45 p . m . 3
vance.
vance.
vance.
vance.
cline.
1-64 dec.
M a rk e t, /
4 P. M. $
Steady.
Very
steady.
Quiet but
steady.
Barely
steady.
Stead>.
Quiet.
The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Low Middling
olause, unless otherwise stated.
T J F The p r ic e s a r e g iv e n i n p e n c e a n d 6 4 th e.
2 6 3 -6 4 d ., a n d 3 0 1 m ea n s 3 l - 6 4 d .
T h u s:
2 63 m ea n s
4,170
Sal
208
809
2,200
Total...................................................................................... 253,265
The particulars of the foregoing shipments, arranged in
our usual form, are as follows.
Great French Ger- —Oth.N'rope~, Mexico,
B rit’n. ports, many.North. South.
Ac. Japan.
New York.
11,408 1,165
50 902 1,340 .........................
N. Orleans. 13,61723,584 8,536 673 27,514 .........................
Galveston.7,93610,798 41,485
100 ......................................
Cor. C..& 0.
--.................................................
496 .........
Mobile....... 6,197
8,624
Pensacola. 3,870 ............................................................................
8avannah............................ 5,237 . . . . . . 4,950 . . . . . . ___ _
Brunswick
7,010
5,785
Charleston ................................................ 12,461 ......................
Port Royal 3.072 ............................................................................
Boston___ 19,853 ...................
Baltimore. 17,036 ......... 6,309 .................................................
Phil’ delp’a
208 ............................................................................
San Fran...................................................................................
809
Taeoma....................................................................................... 2,200
[Vol. LXVJI1.
Total,
14,865
73,924
60,329
496
14,821
3,870
10,187
12,825
12,461
3,072
19,853
23,345
208
809
2,200
J a n . 7 to
J a n . 13.
J a n u a ry . . . .
J a n .-F e b . . .
F e b .-M a rcli.
M o h .-A p ril..
A p r il-M a y ..
M a y -J u n e ...
J n n e -J u ly ..
J u ly -A u g . . .
A u g .-S e p t...
S e p t .-O c t ...
O o t.-N o v___
N o v .- D e o . . .
M on.
T ues.
W ed.
T h u rs,
F ri
12>i! 1 1 4 5 4 1 4 5 4 1 4 5 4 1 4 5
4 1 45 4
p .M. P M. P M. P.M. P M. P.M. P M. P M. P M. P M. P M. P.M.
3
3
3
3
3
3
3
3
3
3
3
3
d.
03
03
04
05
06
09
09
10
10
11
d.
a.
3 03 3 05
3 03 3 05
3 04 3 06
3 05 3 07
3 06 3 08
3 08 3 09
3 09 3 10
3 10 3 11
0 10 3 11
3 1 1 3 12
1 1 3 u 3 12
11 3 11 3 12
d.
05
05
07
07
08
3 09
3 10
3 11
3 12
3 12
3 13
3 12
3
3
3
3
3
d.
d.
3 05 3 06
3 05 3 06
3 06 3 07
3 08 3 08
3 09 3 09
3 10 3 10
3 11 3 11
3 12 3 12
3 12 3 13
3 12 3 13
3 12 3 13
3 13 3 14
ri.
d.
3 06 3 05
3 06 3 0 5
3 07 3 06
3 OK 3 07
3 09 3 08
3 1 0 3 10
3 11 3 11
3 12 3 12
3 13 3 12
3 13 3 12
3 13 3 12
3 13 3 12
d.
05
05
06
07
08
09
10
3 11
3 12
3 12
3 12
3 12
3
3
3
3
3
3
3
rf.
06 3
3 06 3
3 < 3
’6
3 08 3
3 09 3
3 10 3
3 11 3
3 12 3
3 12 3
3 12 3
3 13 3
3 13 3
3
i
05
05
06
07
08
09
10
11
11
12
12
12
d.
3 05
3 05
3 06
3 07
3 08
3 09
3 10
3 11
3 12
3 13
3 12
3 13
.
BREADSTUFFS.
F r i d a y , January 13, 1899.
Early in the week the market for wheat flour was firm
but quiet. Sellers were indifferent, holding for full quoted
prices. The home trade buyers, however, did not appear to
be anxious for supplies, and held off for lower prices. The
T o t a l . . . . 9 0 ,2 3 7 3 5 ,5 4 7 7 6 ,0 3 6 1 ,6 7 5 4 6 ,2 6 5
496 3 ,0 0 9 2 53 ,26 5
export business also was limited. Subsequently, however,
To Japan since September l shipments have been 26,130 sellers in some instances weakened in their ideas of values
bales from Pacific Coast.
5 d 10 per barrel, and at the lower prices a moderate
> c.
Below we give all news received to date of disasters tc. volume of business was transacted. City mills have had a
vessels carrying cottoa from United States ports, &c.
moderate sale at steady values. Rye flour has been in mod
Buckwheat flour has
E t h b l w a l d a , stea m er (B r.), fr o m G a lv e s to n fo r L iv e r p o o l, w ith erate demand at unchanged prices.
6 ,9 9 4 bales o f c o tto n , a rriv ed a t St. M ich aels. D oc >1. w ith ca rg o
been quiet and without changes. Corn meal has had a fair
on fire in N o. 4 h old . T h e Are w a s extin g u ish ed . 157 bales o f
c o tto n w e r e d isch a rged , h u t w e r e re-loa d ed , a n d th e steam er sale at steady values.
Speculation in wheat for future delivery has been only
sa iled f o r d e stin a tio n J a n . 8.
G o t t f r ie d S c h e n k e r , stea m er (A n st.), fr o m N ew Y o r k fo r M a r moderately active, and no decided changes have occurred in
s e illes, A c., w ith 1,021 b a le s o f co t t o n , has p u t in t o St. M ich aels values, with the undertone of the market ruling steady. Im
w ith ca rg o sh ifte d .
mediately following our last report there was a slight ad
M i a m i , stea m er, fr o m G a lv e s to n a t B oston . O f th e 2 ,5 0 0 hales o f
c o tto n d a m a g ed b y w a ter a b o u t 1 ,5 0 0 w e r e o n ly d a m a g e d b y
vance in prices, based on a fairly active export demand and
stea m , an d w ill b e a cce p te d b y th e co n s ig n e e s if a fa ir a llo w a n ce
less favorable crop accounts from Argentine. It was also
is m ad e, an d th e rem a in in g 1,000 ha los w ill be so ld a t a u ctio n .
stated that Russia was holding her wheat considerably above
T he d a m a ge to th e ca rg o , to g e th e r w ith th e gen era l a v e ra g e
current values, and this too had a strengthening influence.
e x p e n ses, w ill a m ou n t t o .1>40,000. E v e r y t h in g c o v e r e d b y
in su ra n ce
Monday the market was again firmer, prices advancing
N o v ie m b r e , stea m er (S pa n .), fr o m G a lv e s to n f o r M a n ch ester, b e fo r e
% @ la . on a fairly active export demand. There was an unexre p o rte d a t St. M ich aels T h e d re w a s e x tin g u ish e d , and th e
picted small increase in the visible supply, and this, together
stea m er h a s a rriv e d a t d estin a tion .
with a large movement of
a temporarily
Cotton freights at New York the past week have beep sing influence early in the the crop, hadwas moderate depres
day. There
buying
as follows.
by outsiders for investment account. Tuesday there was an
easier market. Disappointing foreign advices and some
B atur.
i f on.
Tues.
Wednes. Thurs.
F r i.
selling for Western account had a weakening influence and
prices declined
Wednesday the market was easier
20t
L i v e r p o o l . ..........d.
2 0t
201
201
2 0t
20t
earlier in the day in response to weaker foreign advices.
Do
........... d.
....
....
....
....
Subsequently, however, buying by exporters turned the
H a v r e .................... c. 3 7 ^
37»al
37*21
37iat
37V
37ia1
market firmer, and for the day prices showed an advance of
B re m e n .................c.
32M
32!flt
3280
32 m
32*2
32V
Thursday there was a quiet but steady market.
32 "si
H a m b u r g ............. c.
3 28 9
32^
S2V
32 Sj
3 2 13 1
There was some selling on disappointing foreign ail vices, bat
301
301
A m s te rd a m ......... c.
301
301
30
30
there was a sufficient demand to absorb all offerings at steady
R e v a l, v. H a m b ..c.
48t
4 8t
481
481
481
48»
prices. A fair volume of business was transa ;ted in the
Do
v. H u ll. ..c . 4 0 ® 421 40®421 4 0 ® 421 4 0 ® 421 4 0 ® 421 4 0 8 4 2 1
spot mar set. Shippers were quietly absorbing offerings
R o tt e r d a m ........... e.
;0
30
30
30t
iO
301
and paid full prices. To day the market was firmer
40
G e n o a , J a n ......... c.
401
40
401
401
40'
early in the day on baying for foreign ace iunt and stronger
T rie ste , J a n ........c.
431
451
45t
431
45»
451
foreign advices. Subsequently, however, under realizing
A n t w e r p .............. d.
9.4
9i 4
»,4
9P4
salts the improvement was lost. The spot market was fairly
G h e n t,v .A n tw ’ p.rf.
5 in
6.S
6?2
active at steady prices. Sales for export here and at ontports
t C e n ts n e t p e r 1 0 0 lb s .
were 448,000 bushels.
THE CHRONICLE.
J a n u a r y 14 . i * - 9
9*3
coatings the demand is irregular and moderate in the aggre
gate. Cloakings dull and featureless. Dress goods showsome increase in business doing and in wool cashmeres prices
78%
74^9
75%
are 5 to 10 per cent higher in some makes. Flannels and
blankets quiet.
ES OF NO 2 3 P R I N 7 IN C H I C A G O .
FH.
Wed.
Thurs.
Sat.
iton.
Tues.
Domestic Cotton ( l o o dr.— The exports of cotton goods
....
67%
67%
67%
...
....
Jar. delivery iu elev..
from this port for the week ending January 9 were 13,251
7 -.%
70%
71
70%
70^
May delivery la elev....... 69T
6 9 ”a
s
63%
69
67%
68 %
6 8 \ packages, valued at .$443,002, their destination being to the
July delivery in elev------ 67%
68 %
Indian com futures have received only a limited amount points specified in the tables below:
of attention, but the tone of the market has held steady, and
1899.
1898
for the week prices show a slight advance. There has been N e w Y ork to Jan . 9. Week. Since Jan. 1. Week.
Since Jan. 1
moderate buying for investment account, stimulated by a
fairly active export demand and free clearances from the Great Britain......... . . . . . . . .
83
83
104
104
34
34
26
seaboard. The crop movement, however, has been larger, Other European....................
26
China........................................ 4,924
4,924
1,000
1,000
and this, together with freer offerings from the country dur India....................
10
10
1,0 4
1,074
ing the latter part of the week, held the upward tendency to Arabia.................... ................. 3,575
3,575
451
451
9S3
269
prices in check. Business in the spot market has been Africa....................................... 983
269
711
West Indies...........................
7 11
270
270
active. Shippers have been buyers and prices have been M exico...................................
39
39
57
57
steadier. To-day the market was higher early in the day Central A m erica.................. 233
233
112
112
with wheat, but later tbe advance was loBt. The spot mar South America...................... 1,588
706
1,588
7 06
71
7L
131
131
ket was moderately active. Sales for export here and at Other Countries................. .
ontporta were 315,000 bushels.
Total.................................. 12,251
12,251
4,200
4,200
D A I L T O L O S IN e F R IC S 8 O F N O .
3
tiu i y
8 0 i§
7 7 -8
c l o s in g p r ic e s o f n o
RKD
80%
78%
75%
. 2
Sat.
43\
41%
May delivery la elev—
1OF SO.
Sat.
Jaa delivery la e le v ..... 34%
May delivery In elev . . . . 37
inly delivery la elev . . . 37%
Caen corn t. o. b.......
NEW
Wtd.
W IN T E R IN
Mon.
Sat.
Cash wheat t. o. b....... . . .
Star. delivery m elev—
May delivery in elev-----
m ix e d
T\U4.
80*2
78%
7 5 *4
80%
78%
74%
corn
in
N E W
YORK.
*v t.
80%
78%
75%
80^
Y O R K ,
Mon. Tuet.
Wed. Thnrt.
43% 43%
43%
43%
41%
42%
42
41%
2 MIXED CORN IN C H IC A G O .
Tuts. Wed.
Thurs.
Mon.
35
35%
34%
34%
36%
37%
37%
37%
37%
37%
37%
37%
F ri.
43%
42
F n.
34^4
37%
37%
Oats for future delivery in the Western market have been
only moderately active, but there has been a gradual harden
ing of values. There has been a moderate amount of buying
•'or investment account, and a comparatively small move
ment of the crop and limited offerings from the country had
a strengthening influence. Business in the spot market has
been fairly active and prices have been firmer. The home
trade has been a buyer, and there has been some export de
mand. To-day the market was steady. The spot market
was faiily active and firmer.
DAXLT CLOSING PRICES OF OATS IN N E W Y O R K .
T hun. Fri.
Sat.
Wed.
Sal.
Mon. Tuel.
33%
33%
'42\
33%
33%
33%
No. 2 mixed In e le v ....... 32%
36
35%
35%
35%
35%
No. 2 while In e l e v ....... 35%
d a i l y c l o s i n g p r i c e s O F MO, 2 M IX E D O A T S IN C H IC A G O .
of no.
Wrtl. T hun. Fri.
Mon.
Tilt.!.
Sat.
27%
27%
27%
27%
27%
27%
May delivery la elev
26%
20%
26%
26
26%
July delivery la e le v ..... 25%
Bye has been sparingly offered and prices have advanced.
Barley has been quiet and without changes.
Following are tne closing quotations:
VLuGZ.
F .... ..... .* 2 25 ©2 35 Fatent, winter......$3 70 ®4 00
la©
China, via Vancouver*....
Total............................. .
12,251
12,251
4,200
4,200
• PromNew tsim m points dlreot.
iana ill
The value of the New York exports for the year to date
has been $443,002 in 1899, against $169,866 in 1898.
In staple cottons the chief feature has been a further ad
vance in the price of leading makes of bleached cottons,
Lonsdale 4-4 being raised 1% per cent, Fruit of the Loom
gC and still finer goods l^c. per yard. The advances are
.
sustained by business done at them. Wide sheetings are
quiet but firm. Business in brown sheetings and drills has
been quiet, bat at the close inquiries on export are more in
evidence. Prices are decidedly firm, with an occasional ad
vance of J-jC in drills. Fine yarn goods strong. Denims
.
are dull at previous prices aud the coarse-colored cottons div
ision generally is lagging somewhat behind the rest of the
market. Cotton flannels and blankets firm but quiet. Kid-fin
ished cambrics generally well sold. White goods show up
ward tendency. Prints are strong thoughout and a number
of advances of tic. reported ia the lower grade goods. Open
changes are not made as yet in fine qualities tint sellers are
reserved. Business iu giogharas on a moderate scale hut
values well maintained. Print cloths are firm at 2%o. for
extras, with a moderate business.
Foreign Dry Goods.—There has been no material in
crease in business iu this division. Dress goods and men’s
wear fabrics inactive. Silks in moderate request. Linens in
better demand. Business in specialty departments moderate.
Im p ortatio n * an d W areb ou n e W itu d r a v r a is o f D ry Q o o 4 »
The importations and warehouse withdrawals of dry goods
at this port for the week ending Jan. 12. 1899, and since
January 1, 1899, and for the corresponding periods of last
year are as follows:
a
a a
0 3
3 S
s
C
a
a
sh
g r i STHSEO^g
*.o >
~ c* $y jc-p+ O p
* ► £* ; § 2,“
-%—
IP F ill
> (?
—
41 % 744%
Si
42%»J4%
City mills, extra* . 4 50 ©4 75
2 50 a 2 6 0
Rye flour, superfine 3 20 » 3 50
2 65 9 2 75
R r t r » , S o , 2 ..
Buckwheat floor...
1 90
B e rra . V o. 1 .
2 80 ©3 00
3 05 9 3 35
Corn meal—
Bakur*’ extra.
Western, eto........ 2 15 ®2 20
3 30 a 3 40
Brandywine. ...
2 25
_____P P I
Patent, Spring___ 3 BO » 4 60
flour la eaoka netla at price* below those for barrels.}
Siperftn e.........
.
.
.
.
.
Wheat—
Hard Duluth. No. 1
JPth’nDaiutn, No 1
Bed Winter, No. 2..
Northern. No 1 . .
Oat*—Mix’d, per bnh.
W hite.....................
N o. 3 m ix e d
....
e-
o
.
OK A1K .
93% a85%
7S%®79%
7 9% «»0%
7 7% »79 %
33 9 3 5
3 5% #3 9
3 »% »3 4 %
No. 3 white___ . .. 36
037
Corn, per bosh I Western mixed..
j No. 2 mixed.........
| Western Yellow...
I Western W h ite....
IKyj—
43% 444%
43% 144%
o f
g f
63% 165
| western, per bn*h
00 4 64%
| State and Jersey .
Barley—Western . . . . . . . 5 1 o0O
I Peedltut_____ _ _____ 50 031
a%
■ !&
1
1
P « r o t h e r table* a e a a l l r r i v e n b o r e eee M t e 70
«
CW
l
t o — M 00 CO
© to a» < ©
h
THE
DRY
GOODS TRADE
N e w Y o r k , F b i d a y , P. M ., January 13,1899
Tbs course of the market during the past week has not
been marked by any new feature of moment. There has
been a gradual improvement in the demand of a quiet char
acter, but no sncti vigor on the part of buyers as marked
their operations np to about a month ago. It is highly
probable, however, that this improvement will continue, as
the mart made by the jobbing trade with their new lines of
spring goods has been a decidedly satisfactory one and point
ing to liberal supplementary supplies being called for in the
n»ur fnture. In the cotton goods division of the market the
tone continues strong, and farther incidental advances re
ported daring the week show the prevailing tendency of
prices in most directions. The cotton market has come to
the support of goods again, its upward movement confirming
opinions that cotton is more likely to rule higher than to
recede. In the woolen goods division there have not been
any further developments calculated to change the tone of
the market. Collections continue good.
W oolen G oods .— The response made by buyers to the new
and lower prices for woolens and worsteds for men’s wear in
heavyweight* reported last week has not been inspirit ing;
the demand on some lines has been fair, but as a rule clothiers
and others have continued to buy conservatively. New lints
opened this week have not changed tbe price situation, as
they are on a parity with others opened earlier. In the spring
business reorders have been fair for the time of year, and the
light-weight stocks in m ost directions are being satisfac
torily cleaned np. 8 itinets and similar low grade goods ia
moderate demand. For beavers and kerseys and other over-
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THE CHRONICLE.
94
• tat*
R E V IE W
atu>
OF
fVoi. LXVIII.
Portland, Ore., awarded to Rudolph, Kleybolte &
C i t y P s f A f l T M E f l T . Go., Cincinnati, at 124*83; $312,000 4 per cent 20-
M U N IC IP A L B O N D
DECEM BER AN D FOR
THE
SALES
YEAR
IN
1898.
year bonds of Hoboken, N. J ., awarded to Benwell &
Everitt, New York, at 108 27 ; and $275,000 4 per
cent 30-year gold refunding bonds, of Atlanta, Ga.,
awarded to Sperry, Jones & Co., Baltimore, at 109*316.
In the following table we give the prices which were
paid for December loans to the amount of $6,598,287,
issued by 93 municipalities. The aggregate of sales
for which no price has been reported is $708,056, and
the total bond sales for the month $7,306,343. In
the case of each loan reference is made to the page of
the C h ron icle where a full account of the sale is
given.
Although the total of the sales of municipal
bomls recorded during the year just closed was nearly
35 millions less than that for the year 1897, yet the
retrospect is one that can be viewed with considerable
satisfaction.
The year opened very auspiciously for municipal
bonds, but the latter part of February the Cuban dif
ficulty began to exert a disquieting influence, and
from that time until the victory at Manila the market
was in a much disturbed condition. During this period
D
B
.
M aturity.
Rate.
many attempts to float securities which under ordi Page. L ocation.
1321. .Alliance, Ohio.............. 4
nary circumstances would have commanded wide and 1226. .Atlanta, G a ................. 4 Dec.31.Y928
Jan. 1, 1919
1367. . Attleboiough, Mass.. 4
active bidding met with failure, either because no 1367. .Baltimore, Md............ 3*2 Jan. 1,19 2 2
3*2 Mar. 1,1945
1367. .Baltimore, Md.........
bids were received or else those received were so un 1273. .Barnesville, Minn. (2
5
Oct. 1, 1908
satisfactory as to be rejected. As a result the totals
4 7 ..
Bemidji, Minn.. 6
Dec. 1,1899
1 226.. Buffalo, N. Y ............... 3
for these months were far below the average.
1 2 7 3 ..
Campton(Cal.)Sch.Dis
7
1900-1908
1900-1909
1321..
Carroll Co., Ill.... 5
Commencing in May, the market began to recover,
4
11909-1929
1 3 2 2 ..
Chester,Pa. (2 issues).
first slowly and later very rapidly, until in August we 1 2 2 6 .. Chicago, 111........... 3 b JaD. 1, 1919
recorded the largest total ever reached for any one 1274.. Chicago (111.)San.Dist. 3b. Jan. 1,1919
11903-1908
1274..
Clare, Iowa........... 6
11901-1909
26
Clinton Co., Ill....
month, with the exception of November 1896. In 1 24 7...Columbus, Ohio........... 4
4
4 7 ..
Columbus, Ind........... 11909 1919
deed, the sales for the last six months of the year
5
9 6 ..
Concho Co.. T exas.... 11908-1938
1226 Crookston, Minn......... 5
Dec. 1, 1918
were but little over 51 millions behind those of the 1 3 6 8 .. Deering, Me......... 4
1919
corresponding months of 1897, and but for the de 1274. .Deer Park (N. Y.) Sell.
District......... .......... 4
1899-1909
cided falling off in the December aggregate would 1 3 6 8 .. Du Bois, Pa.......... 4 4-1011904-1929
Jan. 1, 1919
1 3 6 8 ..
Dubuque, Iowa.... 4
have exceeded the 1897 result.
5
1 22 6 ..
East Liverpool, Ohio.
1899-1913
4
11909-1929
1 2 7 4 ..
Ea8t Orange, N. J......
Excepting during the war period prices advanced 1 3 6 8 .. Fayette Co., K y... 4 Jan. 1, 1919
4 7 ..
Forestville (Cal.) Sch.
through the year, and it is nothing unusual now
Dis*rict....................... 6
1899-1908
1 2 7 4 ..
Fremont, Ohio.... 4
11899-1908
to record sales of bonds on a 3 and 3*10 per cent basis. 1 2 7 4 .. Fremont, Ohio.... 4
tl899- 906
Garrard Co., Ky...
1904-1929
Perhaps the most notable instance of a low basis was 1 3 2 2 .. Gloucester, Mass........ 4
4
13t>8
1899-1908
1322..
Gulf Port, Miss... 6
1918
furnished by the sale on December 30, 1898, of 1 3 6 8 .. Hackensack, N. J ......
4
1900-1913
1 2 2 6 ..
Hamilton, Ohio (5 is-)
$500,000 3£ per cent stock of the city of Baltimore,
sues)............................ j l 4&6 part yearly
4
1912-1927
at a figure netting only about 2’87 per cent. Western 1 3 2 2 .. Harrison Co., K y.......
1 2 7 4 ..
Hoboken, N. J...... 4
1918
1 2 7 5 ..
Holyoke, Mass.... 4
1899
municipalities have fared nearly as well in this re 1 3 2 2 .. Hudson Co., N. J . 4
March, 1900
-Indianapolis Ind. 3*2 Jan. 1, 1909
spect as those in the East. Thus the city of St. 1 27 5 .
1 3 6 8 ..
Johnson Co., Ind. 4
Louis on July 27 sold bonds on a 3’086 per cent 1 3 6 8 .. Lawrence, Mass.. 4
1900-1909
1 3 :3 ..Lima, Ohio................... 5
1899 1909
basis and on December 22 disposed of another issue 1 3 6 8 .. Lincoln Co., K y ... 4
11909-1919
1227..
Lincoln Co., Mo. (2 is
at a price netting only 3*012 per cent.
sues).
................... 4
11908-1918
127Y.Lorain, Ohio................ 5
11908-1930
We append herewith a table showing the monthly 1 3 2 3 .. Ludlow, Ky........... 4
1908
1275..
Lj nn, Mass........... 4
1928
totals for the past five years.
1275.. Lynn, Mass................... 4
1»08
ecem ber
1 2 2 7 ..
ond
sa l e s
McKeesport (Pa.) Sch.
District...................... 3 b
Mahoning Co., Ohio...
4*2
1900-1917
Mamaroneck, N. Y __
4
January................. .
1903-1908
Marine City, Mich. (2
........ .
February
issues)......................... 5
March.................... ..
1 22 7 .-Marion, Ind................. 6
1908
A pril.....................
1 3 6 9 ..
Marcy, N. Y ......... 5
*1902
May....................... .
13 6 9.. M aryland...................... 3
11909-1914
1 3 2 3 ..
Midland Co., M ich....
4
June...................... .
1913
1323. Milbank, S. Dak.......... 5
11903-1908
July....................... .
1 3 2 3 ..
Milbank, 8. Dak.. 5
11908-1913
August.................. .
1 2 2 7 ..
Mitchel, S. D ak .. 4-25 11909-191'-*
September............ .
1323..
Mt. Vernon, N. Y ......
5
Dec, 1, 1901
O ctober................. .
1 3 6 9 ..
New Brunswick, N. 3 b Jan. 1, 1924
J.
November............. .
1 3 6 9 ..
Newburgh, N. Y .. 3 b
1900-1912
1 2 7 5 ..
Newport, K y.......
December............. .
1 3 2 3 ..
Nicholas, Co., K y___
4
1904-1924
Grand tota ...$103,061,793 $137,981,004 $106,490,000 $114,021,033 $117,170,225 1 3 2 3 ..
No. Spring Lake, N. 5
J.
1928
0.angetown (N.
During the month of December, a decided falling 1 1 7 6 .. Union Free School Y.)
District No.
1907-1918
off in the total of the sales is recorded, there being but 1275.. Pa'chogue, N3.Y ......... 4
......... 3-40 1903 1912
Pittsburg (Pa.)
$7,306,343 bonds disposed of, not including $3,000,- 1 2 7 5 .. ritt Sch. Dist.............Ster4
1918
758 of temporary loans reported. This total may be 1 ^ 2 3 ..Port Huron, Mich....... 4
1227.. Portland, Ore.............. 5
Dec. 1, 1928
1 2 2 7 ..
Pottsville, Pa......
compared with $7,721,284 for November, 1898, and 1 2 2 7 .. Potts\iIle, Pa...... 4
11899-1903
4
11908-1913
1 2 7 6 ..
Riverhead (N. Y.) Sch.
$17,855,473 for December, 1897.
Dist. No. 5 ................. 4
1899- 1918
The n u m b er of municipalities issuing bonds was 125, 1227 Rutland, Vt................... 3 ^
1928
13 4 . .St. Louis, Mo................ 313
1909
emitting 143 separate issues, as against 110 munici 1 3 6 9 .. 5 .u lt Ste, Marie,Mioh.
1900- 1809
1 3 6 9 ..
5.ott Co., K y....... 4
1904-1913
palities and 134 issues in November, 1898, and 154 1 3 2 4 .. 5.dalia (Mo.) School
District....................... 4 l
2
1919
municipalities and 194 issues in December, 1897.
49. Sherman, Texas.......... 5
1900-1839
8 ..
1903
The principal sales for the month, other than those 1 2 2 8 .. 5.arta, Minn........ 7 Nov. 5,,1906
122
5.ringfield, Ohio. 5
Sept. 1
H
of Baltimore and St. Louis mentioned above, were as 1 2 7 6 .. 50.ersworth, N. H ... 4 1903-1918
1 2 7 5 ..
80.ersworth, N.
. .. 4 1889-1918
1 2 7 7 ..
5.racuse, N. Y
1900-1908
follows : $915,000 3 per cent 10-15 year (optional) 1 2 7 7 .. 5.racuse, N. Y .... 4
..... 4
Jan. 1 , 19tO
N. J........
1908
bonds of the State of Maryland, taken by the sinking 1 3 2 4 .. Trenton, Y ............. 3 L>
1 2 2 9 ..
Troy, N.
1915-1920
Ohio............ 5
fu n d ; $430,000 5 per cent 30-year funding bonds of 1 3 6 9 .. Troy,Wert Co., Ohio.. 5 Sept. 1,1908
1 2 7 8 ..
Van
1901
T O T A L M U N IC IP A L B O N D SALES B Y M O N TH S.
189*.
1897.
$8,147,893 $10,405,776
9.308, tH
!) 12,676,477
0,309,851
12,483,809
3,570,903 13.060.323
7,030,926
8,258,927
9.701,925 16.385.085
7,868,563 17,389.850
25,029,781
6 149,536
6,173,605
9,272,691
4,906,607
6,872,293
7,721.281
6.803,775
7,306,343 17,855,473
1896.
1895.
$0,507,721 $10,332,101
4,423,520
5,779,480
4.219,027
4,915.355
4,521,850
8,469,464
10,712,538 11,687,766
12,792,308 15,907,441
5,313,496 15,374,660
4,045,600
8,404,431
3,893.457 11,423,212
4,688,403
0,697,012
6,624,901
94,918,894
10,064,297
8,545,804
1894,
$7,072,267
11,966,122
5,0S0,424
11,599,392
14,849,410
16,359,377
8,253,237
7,525,260
8,249,347
8,685,435
4,549,580
13,486,374
1 3 2 3 ..
1 3 6 9 ..
1 2 2 7 ..
A m o u n t.
P r ic e .
9.000
2 5,000
20.000
250,< 00
250,CO
O
102*72
109-316
113
110*27
116-27
10.000 106-30
7.000 100-50
7,551 100
2.000 109-75
25.000 107-10
80.000 ^ 0 0 .6 i
98.000 104-40
190,0(0 103-81
2,200 100
17.000 101-031
30.500 100
4 4 ,- 00 100
19.000 100
30.0 0 113-50
20.000 111-882
22.000
22.500
34,132
15.000
200.000
100.000
10408
103 47
108*22
10v248
107-641
108 2 50
800
11,700 1>12*01
4,000 101-525
33.000 104*506
37,0c0 103-94
15.000 100
56.000 103-35
27,890 ■ 101- 714
104041
50.000 ' 105-29
312.000 1(>8 27
25,600 100-98
4,893 100
110.000 102- 30
65.000 J0/-08
100,000 104 30
40.000 107-78
42.000 102-53
100,000
30.000
1 ,1 0 0
10.000
35.000
102-681
10 -75
10 0
114-91
105-92
100,000
54.000
3,000
100-375
107-63
102-89
6,000
104-55
6,000
915,000
29.577
104-88
20,000 106-31
10000
104-106
13.000 ( 101 63
19,500 1 0-512
2 . 1.000 104-71
2 .000 100
26,000 102-26
600 105*753
40,000 103-181
30,u00 110
1 0 ,0 0 0 )
24.000
5.000
107-58
100
120.000
35.000
430.000
2,500
5.00 j
102-37
106-5035
124-83
102 125
105-125
31.000
30,500
675,tOO
15 094
46.000
108-95
105*419
104-542
It 6-59
102-88
23.000 110-435
40.000 110-50
1,750 100
5.000 110-08
177,000) 109-79
120,000 5
19 m,OuO 104-07
6,500 100-31
50.000 102* 1 7
106-34
60.1
*00
6.000 10919
2 000
1 02 -0 2
THE CHKONIOLE.
J anuary 14, 1869.J
M a tu rity.
Jan . 1 .1 9 0 7
1 9 0 1 -1 9 0 2
1 9 0 1 -1 9 0 4
F eb . 1 ,1 9 2 9
J an. 2 ,1 9 2 9
A m o u n t.
7 ,0 0 0
2 .2 0 0
4 ,0 0 0
7 3 ,0 0 0
3 0 ,0 0 0
1 7 ,5 0 0
1 90 0 -1 91 9
2 0 ,0 0 0
1909*1903
1 8 9 9 -1 9 1 3
2 0 ,0 0 0
1 3 5 ,0 0 0
»1 9 08 -1 91 8
1 938
1 2 .0 0 0
1 0 ,0 0 0
96
denomination of $1 ,000, dated February 20,1899; interest will
be payable semi-annually at the office of the City Treasurer.
Principal wil mature $8,000 yearly on February 20 from 1920
to 1928 and $9,000 on February 20, 1929. Bonds are issued
t°lr j-le purpose of paving a part of the purchase price of the
" i
Alliance water-works plant, pursuant to a city ordinance
7 0 0 106*63
passed December 19, 1898, and the laws of Ohio, Yol. 87,
3 0 ,0 0 0 103-91
page 172. Proposals must he accompanied by a certified
3 0 ,0 0 0 1 08-48
check or draft in the sum of $1 ,000.
4 0 ,0 0 0 103 052
3 ,6 0 0 105-912
Appleton, Wis.—Bond Offering.—Proposals will he re
9 ,0 0 0 101*575
ceived until 7:30 P. m. February 1, 1899, by M. K, G-ochnauer,
1 ,0 0 0 103*02
City Clerk, for $50,000 3’ o'? public-building and street-im
2 8 ,0 0 0 1 10 -8 1
provement bonds. Securities are issued under authority of
Section 133, General Charter Laws, Chapter 326, Laws of
T o t a l i93 m u n ic ip a lit ie s , c o v e r in g 111
1889, amended by Chapter 313, Laws of 1893, and were
s e p a ra te i s s u e s ) . . . . . . . . ................................... $ 6 ,5 9 8 ,2 8 7
authorized by ordinance passed January 4, 1899, Bonds are
A g g r e g a te o f s a le s fo r w h ic h n o p r ic e has
1'een re p o r te d (32 m u n ic ip a litie s , c o v e r in g
m denomination of $250, dated April 1,1899. Interest will be
3 2 s e p a r a te Iss u e s )...............................................
7 0 8 ,0 5 6
payable semi-annually at the American Exchange National
Bank, New York City. Principal will mature $3,500 yearly
t o t a l b o n d s a le s f o r D e c e m b e r, 1 8 9 8 ..J $ 7 ,3 0 6 ,3 4 3
* A v e r a g e o f d a tes o f m a tu r ity , t S u b je c t t o c a ll in a n d a ft e r th e on April 1 from 1900 to 1919, inclusive.
e a rlie r y e a r a n d m atu re in th e la te r y e a r. I N o t in c lu d in g $ 3 ,0 0 0 ,7 5 8
Aspen School District No. I, Pitkin County, Col.—Bond
o f t e m p o r a r y lo a n s r e p o rte d a n d w h ich d o n ot b e lo n g in th e l i s t j Offering.
Proposals will be received at anv time by the
t Issu ed t o c o n tr a c to r s in p a y m e n t f o r w o r t d on e. $ L ess a co m m is s lo n
Board of Education—Dr. A. J. Robinson, President—for
In the C h r o n icle of December 3, 1898, page 1173, a $30,000 n% 5-20-year (optional) refunding bonds. Securities
list o f November bondsales amounting to $7,524,284, are issued pursuant with Section 3094, Mills’ Annotated
Statutes of Colorado, as amended in Session Laws of 1897.
will be found. Since the publication of that state Interest will be payable semi-annually.
Athens, Ohio.—Bond Offering.— Proposals will be received
ment we have received the following additional reports:
until 13 m. to day (January 14, 1899.) by W. B. Golden, Vil
ADDITIONAL IfOTBMBKm BOJTD SALES.
lage Clerk, for the following bonds :
M a tu rity .
R a te.
A m o n n t. P rice.
P a n t.
L o ca tio n .
P age.
L o c a tio n .
S a te.
1369.. Van Wert, Ohio.......... 4%
1369 .V a n Wert, Ohio............ 5
1229.. Versailles, K v......... 6
1370.. Westerly, R. I ......... 3 1
*
1370.. Westerly, R. 1......... 4
1370. Well*r.®ro, P a ............... 4
1 3 7 0 . . Willow Greet (Cal.)
1 8 9 9 -1 9 0 3
School District........ 7
11918
1229.. Wiltinsbur£, P a .... 4
1324.. Windsor Locks, Conn. 4 1 9 0 9 -1 9 2 9
19041919
1229. . Woodford Co.. K y— 4
1 9 0 6 -1 9 0 9
1273 Yonkers, If. Y ............. 4
F eb . 1, 1901
1273.. Yonkers, X. Y ......... 4
1 90 0 -1 90 3
1325 Youngstown, Ohio---- 5
1229.. Yonngat8wn (O.) 8oh.
19O 7& 1903
District............ ....... 5
1273. C h erok ee, I o w a ............
1 2 7 3 ..C h e ro k ee (Io w a ) 8oh.
District...... —
1 2 7 6 ..F lo r e n c e . C o l . . . . _____
1 22 7 . .M o s co w (I<la*) S ch o o l
D le t n c t N o. 5 .............
1 2 7 7 . .S w e e tw a te r, T e x a s . .
4
4
6
6
T o ta l a d d it io n a l s a le s f o r N o v e m b e r ..........
P rice .
105*282
1 02 -3 7
105 -6 6 2
1 06 -2 8 7
115*197
101
Improvement bonds. In denomination o f $85.
*.M0 05 Improvement bonds, in denomination o f $ 1 Y5 .
3,000 6* improvement bonds, in denomination o f $150.
100
100 05
101-11
lO
O
100
9 1 9 7 ,0 0 0
These additional loans will make the total sales
(not including temporary loans) as reported for Nov
ember 1898 amount to $7,721,284.
Securities are dated Jan. 1 , 1899. Interest will be payable
March 1 and September 1 at the First National Bank of
Athens or at The Importers' & Traders’ National Bank, New
York City. Principal will mature one bond of each series
every six months from September 1, 1899, to March 1 , 1909
inclusive. All bids must be unconditional.
Bartow, (In.—Bond Offering.— Proposals will be received
until 12 m . February 1, 1899, by R. H. Malone, City Clerk,
for $1,600 tyi school bonds. Securities are in denomination
of $ 9. dated January 1, 1899. Interest will be payable an
*'0
j
nually and the principal will mature 20 years from date of
issue.
Kansas.—Special Station o f Legislature Concluded .—The
special session of the State Legislature closed on January 7,
1899. The session lasted IS days, during which 85 hills were
passed. The regular session convened three days later,
The official notice o f this bond offering will be fou n d among
Tacoma, Wash.— Warrants Illegal.—On January 5,1899,
Judge Carroll, in the Superior Court, handed down a de the advertisements elsewhere in this Department.
Bexar County, Texas.—B ond Sale.— Local pppers report
cision in the case of the New York Security & Trust Co.
against the city of Tacoma, which, it is stated, will invali- | the sale of $240,000 j> refunding railroad-subsidy bonds at
date all warrants re-issued by ex-Treasurer Boggs, amount- j 101 'fill. These bonds were originally sold on March 6, 1898,
ing, with interest, to about $1 ,000,000. These warrants were to Dietz, Denison & Prior, Cleveland, but the award was
presented by the original payee in 1893,1808 and 1894 to City afterwards canceled. See Chronicle May 23, 1898.
Treasurer Boggs, paid by him and then re-sold to warrant j Bryan, Tex,—Bond D sue. —This city" will shortly issue
buyers and the money deposited in banks which afterwards $15,000 H 25-40 year (optional) street improvement bonds.
became insolvent. The Court upheld the city’s claim that! Date of sale has not yet been determined.
Buffalo, N. Y.—Bond Issue.—The city has authorized
Boggs, having paid for the warrants with funds belonging to
|
the citv, and having deposited the amount received from the i bonds to the amount of $4,701 02, bearing 3% interest, to meet
Union Savings Bank & Trust Co. in banks where it remained expenses of the Board of Pablic Works. Bonds are dated
until the banks failed, the loss should be charged to the January 2, 1899, and mature January 2, 1900, and were
Union Savings Bank & Trust Co. and not to the city. In awarded to the Park Bond Redemption Sinking Fund.
ether words, the decision is “ that Boggs was acting as the Cambridge, Mass.—Loan Authorized,.—The City Treasurer
agent of the trust company, and that the deposit he made of has been authorized to borrow $300,000 from time to time, in
money received from it should be treated as a trust fund for anticipation of the collection of taxes.
its benefit and not chargeable as a loss to the city." “ The Cambridge, Ohio—Bids.—Following are the bids received
law is well set) led that purchasers of bonds or warrants on January 2, 1899, for the $7,0004% cemetery bonds awarded,
must, at tbeir peril, know the conditions under which they »s stated last week, to Seaeongood & Mayer, Cincinnati, at
were issued," Judge Carrol! sums up the case as follows : 104-839 ;
8tiJ to g 4 l ,fc Mayer. Cineln. $7,338 75 I Denison, Prior & Co., Cleve. ..$7,215 00
u n oK
Ihri U n i o n ^ a v in jt s B a n k A T r u s t C o m p a n y a n ti r e w as
b f
: b $ v m t h e w e n t n f Mae D ia lc t IfTs A ijtjrn u r . a n il n o t t h e
•jCtfit o f t h e c i t y , f t la a c t * w # r e u n a u t h o r i s e d a n d v o id a b le , i f n o t a b s o lu t e ly
void ; w a r e . In f a c t , n o t o n l y u l t r a Tlr^*, b a t c r i m i n a l ; t h a t t h e d t y b a a n e v e r
y e t a c c e p t e d t h e b a n k a c c o u n t s a s p a y m e n t f r o m B vl’ s : a n d Is it n o t , i herof o r e . r e a s o n a b le a n d e q u it a b l e t o c h a r g e t h e t o s s f h e c i t y h a * b e e n p u t t o t o
t h e p a r r ie s w h o w e r e t h e a p p r o x im a t e c n u i s o f t h e I o m *
The case will be appealed to the State Supreme Court.
Bond Proposals and Negotiations
this
week have been as follows :
Aiken, S. C.—Bond Sale.— On January 10, 1899, the $15,000
41j% gold bonds matnring January 1, 1949, and $10,000 4)'.%
.
gmd ootids maturing January 1, 1939, were awarded to W. J.
Hayes & Sous, Cleveland, at i06-96(. Following are the bids:
W J. H w A Sons. Cl<?T« ..*26,74100 ■ New 1st Sat. B k , Coturahaa.f2S.230 00
H- Klejb..it* A ( ... (.’mein .. 2* IS) O I w .s t Julian .lervuT Chsrles’n 2S,0fl250
O
Co..
V ....
6
J. W_ l/tckty, Ahsrasta........ 25J «7 bo i s». A- Kean (!«■»*
............. 25.1**0 00
Fsunn Ijrscii A N
.
2/ 7 o|ttMli* Dp tit C Bslto... 25.(0to
5.:<
a * o.,
For description of bonds see C h r o n ic l e D ecem ber 31, 1898,
p, 1307.
Aitmny County, N, V.— Bond Offering .—County Treasurer
E. L. Barckley will offer for sale at 13 m. February 15, 1899,
at his office in the City Hall, Albany, $37,000 4$ registered
bonds. Interest will b“ payable semi unnnally and the prin
cipal will mature $l,i00 yearly on March 1 from 19 0 to 1917,
inclusive, and $19,000 on March 1 , 1918. Bonds are issued
pursuant to a resolution adopted by the Board of Supervisors
December 14, 1893, and are for the purpose of replacing a
like amount of war loan bonds due March 1, 1899.
Alliance, Ohio.—Bond Offering —Proposals will be re
ceived until 2 p. m. January 31, 1899, by J. H. McConnell,
City Clerk, for $81,000 4ft city bondB. Securities will be in
BrliTKB, Sm ith & Co., C in e ln ... 7,2wl 50 |W . J. H ayes A Sons, C le v e
7,178 00
N. W. Harris X. Co., C h ica g o .. 7,287 O ' j s . A, K ean, C h icago .......... . .. 7,157 50
0
an olum
k.C
,lo 0
It. K .lt.- * C Cineln.... 7 4 > !CewFirstat.at. B C bridge. 7 5 5
leytH
o.,
,2 95 IN tral NNB it*, am bus. 7 O0
0 en
.U0 0
G *iiavia. H k C
erim
an , ineln 7.246 5 1
0
Camden (N. J.) School District,—Bond Offering.—Pro
posals will be received until 4 P. m. January 23, 1899, by the
Finance Committee of the Commissioners of Public Instruc
tion, Philip Wilson, Chairman, for $135,000 4% refundingschool bonds. Securities will be in denomination of $1,000,
dated April 1, 1899; int-erest will be payable April 1 and Octo
ber 1 at the National State Bank, Camden. Principal will
mature April 1, 1919, subject to call after April 1, 1909, Pro
posals must be accompanied by a certified check on a na
tional bank, payable to the Treasurer of the Commissioners of
Public Instruction of Camden, in the sum of 5#of the amount
of bonds bid for.
Canton, Ohio.—Bond Offering —Proposals will be received
until 12 m . Jannary 23, 1899, by Louis N. Ley, City Clerk, for
$15 U 0 water-works refunding coupon bonds. Securities
0
will be in denomination of $1,000, dated February 1, 1899;
interest will be payable semi-annually at the banking house
of Kountze Bros., New York City, or at the office of the City
Clerk, Canton, at the option of the purchaser. Principal
will mature February 1, 1909. Interest will be at not more
than !)'(. Bonds are issued pursuant to Section 2701 of Re
vised Statutes of Ohio anda city ordinance passedDec. 12,1898,
authorizing their issue. Proposals must be accompanied by
a certified check from the First National Bank of Canton in
the sum of $500, and each bidder must state in his bid that
he has satisfied himself as to the legality of the bonds and
the proceedings upon which their issue is based. Bids must
be made upon blank forms furnished by the City Clerk.
96
THE CHRONICLE.
Carthage, Mo.—Bond Sale W ithdrawn —Bond Litigation.
—Mr. R. Lundy, City Clerk, writes ns that the sale of the
#25,000 electric-light' bonds advertised to take place Decern
ber 28, 1808, had been withdrawn for the present. Mr. Lundy
states that certain parties have brought suit, alleging that
the proceedings of the Council in calling a special election to
authorize the issniug of the bonds were illegal. As soon as
the matter is settled the bonds will again be placed on the
market.
Cherry Creek (N. V.) Union Free School District.—Bond
Sale.— On January 11, 1899, the#7,500 4% bonds were awarded
to W. J. Hayes and Sons, Cleveland, at 107-94. Following
are the bids:
W . J. Hnyce A
Cleveland... 107*94 I Farmers' A Meoli. Suv. Bank. ...106*00
U. H. Smith A C . New York...... 107*80 I Geo. M. Hahn. New York............. 105*29
W alter Stanton A l ., New York. 106*581Seymour Bros. A Co., New York.103'63
Dime Savin*:' Hunk. Alhuny....... 106*25 |S. A. Kean, Chicago.......................103*00
Bonds mature $ 0 yearly on January 1 from 1903 to 1927,
30
inclusive. For further description of bonds see Chronicle
last week, p. 47.
Chicago Junction, Ohio.—Bond Sale.—On January 5,1899,
the $10,000 5? water works extension coupon bonds were
awarded to Feder, Holzman & Co., Cincinnati, at 118-10.
Following are the bids :
Feder. Holzinan & Co., Clncln.. 118*10 I Seasongood & Mayer, Cincin_ 111*55
_
New First Nu*. B’k, Columbus...115 85 |W. J. Hayes & Sons, C leveland.Ill 52
R. E. Field, Cincinnati................115*27 |Denison, Prior & < o., Cleveland.110*00
SplUer & Co.. T oledo..................112*615 ■Lamprecht Bros. Co.,Cleveland.109*715
Bonds mature $1,000 yearly on March 1 from 1926 to 1935,
inclusive. For further description of bonds see Chronicle
November 26, 1898, p. 1122.
Cleveland. Ohio.—Bond Sale.— On January 9, 1899, the
$50,000 47 Giddings Brook coupon bonds were awarded to N.
W. Harris & Co., Chicago, at 112-834. Following are the bids:
[V ol . LX VIII.
Florence, Ala.— Bond Sale .—On January 2, 1899, $70,000
5% 20-year bonds were sold to Chicago investors at 101-25 and
the remaining $30,000 was taken by the holders of the old
6£ bonds on the same basis. For description of bonds see
C h r o n i c l e December 31, 1898, p. 1368.
Franklin, N. H.—Temporary Loan Negotiated.—This town
has negotiated a loan of $
20,000 for six months at 3 -12# with
Edgerly & Crocker, Boston, Mass.
Franklin, Pa.—Bond Offering .—Proposals will be received
until 12 m . February 3, 1899, by E. Jennet, City Clerk, for
$25,000 8> jt refunding bonds. Interest will be payable March
£
1 and September 1 at the office of the City Treasurer and the
principal will mature 20 years from date of issue, subject to
call after five years. Bonds are free of tax. The bonded
debt of the city is $26,000, the assessed valuation $1,835,364
and the real valuation about $4,000,000.
Fremont, Neb.—Bond Election .—An election will be held
on Jan. 30, 1899, to vote on the question of refunding the out
standing 5 and 6 per cent bonded indebtedness of this citv
with 4 l4% 20-year bonds.
J
Glenvllle. Ohio.— Bond Offering .—Proposals will be re
ceived until 12 M. February 6 , 1899, by Ira C. Farley, Villeag
Clerk, for $30,000 5% sewer bonds; Securities will be in de
nomination of $500; interest will be payable semi-annually
wherever the purchaser may desire. Principal will mature
$10,000 on October 1 in the years 1901, 1902 and 1903
Grossdale (Village), 111.—Bond Bale.—This village re
cently sold to Mason, Lewis & Co., Chicago, $3,000 3 101899 (°ptl0nal) bonds a 101- Securities are dated January 1 ,
fc
Henry County, Ohio.—Proposed Purchase o f Bonds .—The
County Commissioners have given notice that they will pay
104 and accrued interest for any number of the 4% refunding
Bonds mature October 1 , 1918. For further description of bonds issued July 1 , 1890, and maturing July 1,1900, if de
livered on or before July 1, 1899.
bonds see Chronicle December 17, 1898, p. 1274.
Bonds Authorized.— The City Council has passed ordi
The official notice o f this offer will he fo u n d among the ad
nances providing for the issuance of $60,009 4 % bonds for vertisements elsewhere in this D epartm ent.
various sewer districts. Securities are in denomination of
Hoboken, N. J.—Bond Offering.— Proposals will be re
#1 ,000, dated Oct. 1,1898. Principal wili mature Oct. 1,1908.
Description o f Bonas.— The $500,000 park bonds author ceived until 8 p m . January 18, 1899, for $75,0004f( refunding
ized by the City Council on December 27, 1898, will be in bonds. Securities are in denomination of $1,000 and will
denomination of $1,000, dated October 1, 1898. Interest will mature in 1919.
Huntsville, Ala.—Bond Offering. —Proposals will be re
be at the rate of 4%, payable semi annually. Principal will
mature $250,000October 1,1929, and $250,000 October 1,1931. ceived until 7:30 p. m . February 7, 1899, by E, R M a t t h e w s
Columbus, Ind.—Bond Sale.— In the Chronicle last week City Clerk, for $20,000 5* wate/works bonds Securit esTre
we stated that, according to reports, $44,000 4 % refunding in denomination of $500, dated February 1 . 1899. Interest
bonds were old to the Chicago Loan & Trust Co. Since will be payable semi-annually at the Mechanics’ National
then we have been advised that these bonds were sold at pri Ba“k- FeW
Cl t y \ Principal will mature February 1 .
vate sale on December 15, 1898, to Trowbridge, MacDonald 1929 A certified check for $500, payable to the City Clerk
must accompany proposals.
J
& Niver Co., Chicago, at par. Bonds mature 20 years from
date, subject to call after 10 years.
Irwin, Pa.—Bond Sale.—On January 9,1899, $12,000 10-20Concho County, Texas.—Rond Sale.—The $19,000 5 i re year (optional) redemption bonds and $4,000 street-improvefunding bonds have been awarded to J. B. Oldham, Dallas ment bonds were awarded to Denison, Prior & Co., Cleve
at par. Bonds are in denomination of $1,000 and’ mature land, at 101-083 and 101-575, respectively.
October 10, 1938, subject to call after October 10, 1908
Islip (Town), Suffolk County, N. Y.—Bond Offerinq.—
Connellsville, Pa-Bond Safe.-The sale of $35,000 41« This town will sell at public auction at 11 a . m . to-day (Jan17%-year (average) bonds to E. D. Shepard & Co., New York aa?y
i899) at the South Side Bank, Bay Shore, $12,000 4%
>
at par is reported.
’ gold bonds. Securities are in denomination of $1,000, dated
*R-)n v vto1unty*Ala.—Bond Sale.— On January 9, 1899, the January 2. 1899. Interest will be payable January land
J ia
#6o,000 bridge bends were awarded to the City National July 1 and the principal will mature $4,000 yearly on Janu
'
bklgk' ^ uja’ 100:192 for 4 per cents. Following are the ary 1 from 1900 to 1902, inclusive.
e
non 5LT* aoh^i8 *"??0^ Sale.—On January 3, 1899, the $30,8
0
were awarded
s‘l K M " ...... - ‘"‘loo IR K
I
. leybolte&C Cluclimat^tl&o 0 0 5J4% school and bridge bondsSecurities will to F. R. Fulo..
^ 103-06.
be issued in
' Bonds' mature-2 years from d l t ~
0
denomination of $100. Principal will mature in 20 years
y s’
$5,000 yearly beginning January 1 , 1901. For further de- subject to call after five years.
DS P17,n
C
i898l'pn i274ee CH ICLE Dec‘ 31>1898>P 1368, and Bond Election .—An election will be held February 1 , 1899
R0N
tWA? on the question of issuing $100,090 5 %5 20-year (opnnVfi £?!?’ ^ i s . - b o n d Offering .—Proposals were asked for hnnH
bonds, We are advised that in the event the
narl
a? uat? 13’ 1899h by M' J- Maes, City on MJchP
7?1899n Carnes’ blds wiU be received for the same
nf
i° t 4* b°?-dS;o^ecurltlea are in denomination
°
nnfiw
January ?5' *899- Interest will be payable an rowed aimin' Z ^ ~ T po? ary £ ° an- - ™ 9 city has bor
^
nually and the principal will mature January 15, 1909. At rowed #j,o o from local banks at 64 for the purpose of mvo
ing salaries of school teachers.
purpose ot payD^WDt (N. \ .) School District No. 14.—Bond Sale —On
of tllis 8ale
not known.
W » lit
e
Sale .—On January
January 10, 1899, this district sold $1,800 5c 1-6-year (seriall 1899°th!°RoJrd C0n^ty’
1899, the Board nv Revenue sold $50,000 0 % road bonds 2,
of
at
school bonds to S. A. Kean, Chicago, at 101. Other bidders
, -ye.'py1 County, Ala.—Bond Election .—An election will
6
0
°Dthe CiUestion of
District of Narrngansett, R. l .- B o n d Sale -This district $75 0 0 turapfke bonds"’ * ^
N. W . Harris & Co . Chicago.$50,417 00 . Adams & Co., Boston.............$56,200 00
Denison. Prior A Co., Cleve.. 56,330 00 |New First Nat. Bank. Colum. 56,175 00
R. L. Day A Co.. Boston........ 56.319 60 I Estabrook & Co., Boston....... 66,046 00
W . J. Hfvres A sons, Cleve.. . 56,285 00 Lamprecht Bros. Co., C leve.. 56,037 65
Rlnes A Cummings, Boston. 56,279 00 I Seasongood A Mayer, Cincin. 65,768 00
I !
BonTarl dated T
0'
fUndiUg 1 , 1899. These ban^
ers at 107. " Bonds are d f T January b°ndS t0 Boston bonds
were advertised for sale November 10,1*98, but all bids re
dLthOf!r°"«50°0MEaa v !,“ ’ u
Mr; Jo“ I* S- w °“ l. ’P iS f
cei\ed at that time were rejected.
Elgin City. Union County, Ore.—Bond Sale.— This citv
year gold on , ed
TaVltV water ^ 'l 000 to MoVrisou&■ Whltehead Portland8 nomination of $1,000 each, dated February 1 , 1899 Interflter svufnm J* 99__o. x*ri > . b ds issu for I
gravity W
system
4lSr*iSWS!**ffl2S M ISS'S
B ^ d o fE d S o n of ?h8 °?f tifif d check to the order of the
r e
i ^
of MoQnt Vernon in the sum
school-house bonds by a vote of 144 to 23.°6
1 °’ ° D
eW of *1 (100
Nassau Conntv '£11vb!_6
r
lfcher registered or coupon.
anston. Ohio. Bond Sale,—On January 9 1899 thinvii
lage sold $1,000 6? Fire Department bonds £ BrL ’ K
of the Board of Supervisors'heffi Janua^yfT s# the Count!
C.L, Cincinnati, at 116-50. Following are the bids f ’
W a8anth0riZ9dt0
310 0 ^for one yea^at
,0 0
Cm, “ Rotm <m,-innaU.r,Un:;:.*i1
;i1M 10 |^ m O T d v ’ D . n f 'n - . w ^ 111" * 1-1*750
I c k -r , llolzniui A Co.. CloclD. 1 H « 26 S l
Uetrolt...... 1.080 00
Newport (Town), N. T.- B o n d Offering ,—Charles T
,
Principal matures January 15 1 &
L T Si?Pervi80rJ bridge bonds.p- Securities are in d«’
Wil1 8011 * t 2
January 28 1899*
bonds see Chronicle December 17, 1898, p . m l
P ° n °f $11,500 4^ highway and
nomination of $ 0 , dated February 1 , 1899 Interest wUl be'
5 (>
SS
br 0
0r W
THE CHRONICLE.
J anuary 14 U99 i
payable annually on February 1 at the National Bank of
Newport. Principal will mature yearly on February 1 as
follows : #5i 0 from 19C to 1914. inclusive, and $1,000 from
0
1915 to 1018, inclusive. The purchaser will be required to
deposit a certified check for $1,500 at the time of sale.
New York City.— Bonds A uthorized .—On January 11,1893,
the Board of Estimate and Apportionment authorized the
issuance of $369,399-25 corporate stock for equipment for the
Street Cleaning Department and $1,500,000 for the new East
Kiver bridge.
Omaha. Neb.—Bond Sale.—On January T 1899, $40,800 4$
,
street-improvement bonds were awarded to the Lamprecht
Bros Co., Cleveland, at 101‘53. Following are the bids :
LAmprecbt Bros. C o - Cleveland. J0T53 |C. H. W hite A Co.. New Y ork— .100*61
Blake Bre*. Co , New York......... Io 1*31 j Hugh M urphy.................... ...... .100*26
Spitaer & Co.. T oledo...... ...
. 101*381
Securities are in denominations and mature as follows:
District 0 d, $7,50", iti denomination o f $500 and maturing $1,000 in l t 2,8,1
6 ,« and 7 years, $500 la 8 year*.
District $36,f 1,600, in denomination o f $500 and maturing $500 In 3, fi and 9
DUtriet 839. $3,000, In denomination o f $1,000 and maturing $1,000 in 3. C and
9 years.
District 010. $5,000. In denom ination o f $1,000 and maturing $1,00 0 in 2, 5 anti
7 years. $2.' 00 In 9 year*.
District &4L, $ j0O, in denomination of.flO t) and maturing $100 In 3, $ and 6
years.
District 846,13.500. in denomination o f $500 and maturing $500 In 3. 4, 5, fl, 7, 8
and 9 years.
District 848, $4,500, In denomination o f $500 and maturing $500 In 1,2, 3, 4, o,
6, 7.8 and » years.
District 8*7, $5,000, in denomination o f $1 000 and maturtr g $ 1,00 0 In 3, 5, 7,8
and 9 year*.
District 850. $6,000. in denomination o f $1,000 and maturing $1,000 in 3, 4. 5,
7,8 and 9 year*.
DUtriet 653. $1,500, In denomination o f $500 and maturing $505 in 1, 2,3, 4, 5,
6,7. Hand 9 fears.
Plymouth (Pa.)School District.—Bond Sale Post/joned. —
We are advised that on account of an error in one of the
papers, stating that the $16,0004S school bonds wonld not be
sold nntil January 17, 1899, the Board has decided to post
pone action in the matter nntil that date. Bids were origin
ally asked for nntil Jan. 11 , 1899.
Preble County (P. O. Eaton), Ohio.—Bond la le .—This
county has sold $4,0'it: 6£ ditch bonds to the Preble County
National Bank, Eaton, at 104-75. Bonds mature $500 every
six months.
Rutland. Y't. —Temporary Loan .—Tbe city has negotiated
a loan of $8 5 0 with R L. Day & Co., Boston, at 3J discount.
>
Loan matures October 14. 1899.
NEW
$
2
LOANS.
0
0
, 0
0
NEW
§
0
9?
St Paul, Minn.—Certificates Authorized.— An ordinance
has passed the City Council authorizing the issuance of certi
ficates in anticipation of the collection of taxes. These cer
tificates will be issued from time to time and they can be
issued to the amount of 8 > of the total tax levy.
0
Bonds Proposed.— The Board of Aldermen has passed a
resolution requesting the Legislature to authorize the issu
ance of bonds for market buildings and sites.
San-Juan County (P. 0. Silverton), Col.—Bond Sale.—
On January 3, 1899, this county sold $97,000 6-f refunding
bonds to M. D. Thatcher, Pueblo, at par. Securities will be in
denominations of $100, $ 0 and §1,000 ; interest will be pay
50
able semi-annually at the office of the County Treasurer or in
the city of New York, at the option of the holders. Principal
will mature 20 years from date of issue, subject to call after
10 years.
Saranac, N, V.— B ond Sale.—On January 7,1899, the $9,000
4s bonds were awarded to Isaac W. Sherrill, Poughkeepsie, at
102-75. Bobds mature §1,000 yearly on April 1 from 1900 to1908, inclusive. For further description of bonds see C h r o n
i c l e last week, p. 49.
Shreveport, La.—Bond Offering.— Proposals will be re
ceived until February 1, 1899, by H, B. Murff, Comptroller,
for $40,000 5,%street- paving bonds. Securities will be in de
nomination of $500, dated January 1 , 1899 ; interest will be
payable January 1 at office of City Comptroller. Principal
will mature January 1 , 1919. Bonds were voted Deoember
17, 1898, and are issued pursuant to Article 281, Constitution
of Louisiana, The official circular states that there is no liti
gation pending or threatened affecting the legality of this issue
Sioux City, fowa.— Bond Issue .—We are advised by J. H.
Quick, Mayor, that the city has practically concluded an ar
rangement for the exchange of $325,000 44 funding bonds for
a like amount of warrants now outstanding. A description
of the bonds will be found in the C h r o n i c l e Dee, 17, 1898.
South Omaha, Neb.—Bond Sale.—We are advised that this
citv has sold $1,500 sewer bonds to a local investor.
Tarrant Comity, Tex.—Bond gale.—On January 2, 1899,
W. J. Hayes & Sons, Cleveland, were given the contract to
refnni §132,000 bridge and court house bonds with a new
issue of 1 per cents. Tfie price paid by the Cleveland firm
was 10P087.
IN VESTM ENTS.
LOANS.
1
, 6
TERRITORY OF ARIZONA BARTOW,
0
0
SC H O O L
5* F U N D IN G
BONDS.
(Registered or Coupon.)
D Jan. 15, 1896.
ated
D Jan. 15. 1946.
ae
Optional after 20 years from date.
Denom
ination Si,000 Payablein NewYork,
.
T lu m bond* wtsre/ issued under Act o f CongreM
approved Attgutt 3> 180*1, And by A ct o f the Legisla
tive Assembly o f the Territory March 10,1806, for
the purpose o f funding tbe Territorial indebtedness.
L E G A L IT Y .—The legality o f this Issue is ap
proved by Cha*, B, W ood, Rsfj., o f Chicago.
Special Circular and Price upon Application.
Correapondeace Invited.
A. C. FROST & CO.,
BA
KKKA.
108 LA SALLE STREET, . , CH
ICAG ,
O
BONDS:
GEORGIA,
Proposal* will hereof*!red until
iwr,*, by R. H. Malone, City Clerk.
Bonds. Denomination o f $200 .
-r will be payable
principal will mature In 2u years.
12 M. February 1st,
f o r t u n e ds School
Dated January L
annually, and the*
N O T IC E T O H O L D E R * O F
HENRY COUNTY, OHIO,
BONDS.
The Commissioners o f Henry County. Ohio, vrlll
pay for any number o f the 4% Refunding Bonds,
issued July 1st, I860, redeemable July 1st, iOOO, par
four per cent (4jti premium, and accrued interest, at
tbe Treasurer’s office. Napoleon, Ohio, If delivered
on or before July 1st, 1899.
D A V ID F. COE, County Auditor.
$ 5 0 ,0 0 0
1 5.0 00
2 1 .0 0 0
1 2.0 00
1 0 .0 0 0
1 0 .0 0 0
1 0 0 ,0 0 0
1 5 .0 0 0
Eufaula, Ala., 6s.
Owosso, M ich., 4s.
Tacoma, Wash., 5s.
H arrim an , Tenn., 6s.
L u fkin , Tex., 5s.
T e r r ito r y o f N . M exico 6s.
B o liva r County, Miss., 6s.
Russell County, Va., 6s.
P a r t lc n la r * a n d p r ic e s o n a p p lic a t io n *
SEND
FOR
Co.,
182
BAN KERS.
i N assau Street, N ew Y ork .
Los Angeles Traction Go.
BAN KER,
Dearborn Street, Chicago,
&
SONS,
1 8 M ilk S t r e e t . B o s t o n , .M aas.
L E W IS
<fc C O . ,
B A N K E R S*,
OO D e v o n s h i r e H l r c t l , B o s t o n ,
171 lrft S r U p S t r e e t , C h ica g o *
S
OFFER FOR SALE:
r n o C o o n nr. K a n s a s .....................................4 W*
n le s tly ie , T e x a s ........................
,. ..5 s
J o l i e t G a s C o „ J o l fe f * I I I .................
.>s
SotifjNi O m a h a . N eb ,
............................ ........
B a y fie ld C s u n t f , AVIs...............
...5 s
And Other Desirable Securities.
B
BANKERS,
DE A LER S IN
8120,000 Atlantic City, N. J.,(i.. ,.4L£s
80.000 Halifax County, Va....... 4}£s IN V E ST M E N T BONDS,
50.000 Montg mery County, Ala. os
Members o f Boston Stock Exchange.!
30.000 New Richmond. Ohio .. 4s
30.000 Ohio County, Kentucky.. 4s No. 7 Congress and 81 State Streets,
21.000 West Bay City, Michigan 4s
BOSTON .
37.000 West Tampa, Florida, d - 6 s
LEGA LITY A PPRO VED BY EMINENT
COUNSEL.
M A S O N ,
111.
ADAMS & COMPANY,
)Ve Own and offer, subject to sale:
E. H . R O L L I N S
C IR C U L A R .
DUKE M. FARSON,
BONDS.
Rudolph Kleybolte &
$ 1 7 5 ,0 0 0
l a t M o r t f a g e 6 * ’J O -y c a r G o l d B o n d s .
Total Issue $260,000.
First Mortgnge at 114,000per ralie.
Wet earnings for 2» months o f operation, $69,983 89
equivalent to 12* on the total issue o f bonds.
Population o f Los Angeles 103,079.
Send fo r full description o f property.
JAN U ARY
O u r L is t
o f b ig b -eln & a M u n ic ip a l
fu r n is h e d o n re flu e n t.
B onds
M. A. Devitt & Co.,
M U N IC IP A L BONDS.
G o v e r n m e n t and
M u n ic ip a l Bonds
SO U G H T
AND
a p p r a is e m e n t s
SOLD.
m ade
or
q u o t a t io n s
FURNISHED FOR TH E PURCHASE, SALE, OB
HXCHANGE OF ABOVE SECURITIES.
I 4I S T 8 ON A P P L I C A T I O N .
F lr g t N a t io n a l B a n k B u ild in g ;.
N. W. HARRIS & CO.,
C H IC A G O .
3 1 N A S S A U S T . (B a n k o f C o m m e r c e B i d * . }
B A N K E R S.
THE CHRONICLE.
98
[Vol. LXVIJI.
Tippecanoe, Ohio.—Bids.—Following are the bids received
Warren County, K y.— Bond Sale.— On January 5,1899, the
on January 2, 1899, for the $1,172 8 <% street-improvement $140,000
0 b
coupon bonds were awarded to Seasongood &
bonds and $6,000 6% funding bonds, the award of which was Mayer, Cincinnati, at 106. Bonds mature 30 years from date
given last week :
of issue, subject to call as follows • $35,000 after 10 years,
$35,000 after 15 years, $35,000 after 20 years aDd $35,000 after
■Premium.Both
$1.172 80
$6,000
25 years. For further description of bonds see C h r o n ic l e
Issues.
Bonds.
Boiuis.
December 31, 1898, p. 1370.
•$95 25
$ 1,000 no
Atlas National Hank. Cincinnati.............
61 78
♦1,218 60
Tippecanoe National Bank......................
Water Valley, Miss.—Bonds Voted.—This city has voted
$1,078 00
Lamprecht Bros. Co., Cleveland..............
to issue $20,000 6 % 5-20-year (optional) bonds. Full details
92 45
986 66
Seasongood k **ayer, Cincinnati.............
So 0O
1.126 00
Rudolph Kleybolte A Co.. C incinnati....
and date of sale have not yet been determined upon.
1,000 00
20 00
S. Kuhn A Sons. Cincinnati......................
West Ui ion, W. \ a.—Bond Sale.— On January 6, 1899, the
998 00
W . J. Hayes A Sons. Cleveland..............
968 00
N. W . Harris A Co.. Chicago....................
$6,000 6 %wafer-works bonds were awarded to the West Union
885 o0
New First National Bank, C olum bus....
46 91
Bank at 106’666. Following are the bids :
871 00
Mason. Lewis A Co., Chicago.
.............
Denison, Prior A Co., Cleveland..............
27 20
fcOlOO
W est Union Bank.......................... *6.400 . McCormick & Morrison, SlstersW. J. Hayes * Sons, Cleveland.. 6,379
v ille........................... ’
-g 077
S. A. Kean, Chicago...................... 6,240 I Duke M. Farson, Chicago,........... 6,067
• Awarded.
Bonds mature 25 years from date of issue, subject to call
after 10 years. For further description of bonds see C h r o n
i c l e December 17, 1898, p. 1278.
Whitley Comity, Ind.—Bond Sale.— The County Commis
sioners have sold at private sale, according to local reports,
$22,060 5;( bonds at par.
Wichita, Kan.—Bond Sale.— This city last month con
tracted with Spitzer & Co., Toledo, to refund $50,000 6 %
Kansas Midland Railway aid bonds. New bonds are dated
January 1,1899, and mature in 30 years, subject to call after
20 years, and bear 5% interest.
Woodsileld, Monroe County, Ohio.—Bond Offering.—P ro
posals w ill he received until 8 P. m . February 9. 1899' by the
Mayor and Village Clerk, for the $8,000 H electric-light plant
bonds voted last October. Securities are in denomination of
$500, dated January 5, 1899. Interest will be payable semi
annually at the Monroe Bank of Woodsfield. Principal will
mature $500 yearly on September 1 from 1904 to 1919, in
clusive. Bidders must satisfy themselves as to the legality
of the bonds prior to filing their proposals, which must be
Briggs, Smith & Co.. C in cin .,..$6,55150 W . J. Hayes & Sons, Cleve— $6,451 00
Denison, Prior & Co., C leve... 6,54500 Troy National Bank................. 6,235 00 made on blanks furnished by Geo. P. Dorr, Village Clerk. A
Atlas Nat. Bank, Cincinnati.. 6.628 00 Seasongood & Mayer, Cincin.. 6,226 75 certificate of deposit showing that the bidder has deposited
German Nat. Bank, C in cin .... 6,495 oO
with the Monroe Bank a sum equal to 5% of the face value of
Urbana, 111.—Bond Sale.—This city has sold $2,000 5% the bonds bid for must accompany proposals.
bridge bonds. Securities are dated January 1. 1899, and ma
Woburn, Mass.— Loan A uthorized. —The city Treasurer
ture January 1, 1909. Interest will be payable semi-annu has been authorized to borrow $60,000 in anticipation of the
collection of taxes.
ally.
Troy, N Y.—Bond Offering.—Proposals are asked until 12
.
M January 18, 1899, by Jas. W. Coffey, Comptroller, for
.
$107,000 3 ' bonds known as “ Public Building Bonds of
%
1899. Securities will be issued in such denomination (but
not less than $5,000) as the bidder shall desire, and will bear
date of February 1, 1899 : interest will be payable semi-an
nually at the City Chamberlain's office. Principal will ma
ture yearly on February 1 as follows : $10,0r in 1905 and
'0
1906, $12,000 in 1997, $10,000 in 1908, $15,000 in 1909 and
$10,000 from 1910 to 1914, inclusive. Bonds are issued under
Chapter 670 of Laws of 1892 and Chapter 761, Laws of 1897,
and in pursuance of a resolution of the Common Council
adopted January 5,1899, and approved January 7, 1899. A
certified check for 1% of par value of bonds, payable to the
City ot Troy, must accompany proposals.
Troy, Ohio.—Bids.—Following are the bids received Dec.
20, 1898, for the $6,0005% funding bonds awarded, as stated in
the C h r o n i c l e Dee. 31, 1898, to Briggs, Smith & Co., Cin
cinnati :
MISCELLANEOUS.
INVESTMENTS.
MISCELLANEOUS.
THE
PUBLIC SECURITIES
L a m p r e c h t B ros. C o.,
SUITABLE FOR
DEALERS IN
C e n tu ry Building, C L E V E L A N D , O H IO ,
MUNICIPAL, RAILROAD,
S A V I N G S B A N K A N D T R U S T STREET RAILWAY & CORPORATION
FUNDS.
BONDS.
LISTS MAILED OX APPLICATION.
LISTS SENT UPON REQUEST.
Farson, Leach & Co.,
C H IC A G O *
1 0 0 D e a r b o r n St.
NEW Y O R K ,
3 5 N a s s a u S t.
Information given and quotations furnished con
cerning all classes o f stocks and bonds that have a
Cleveland market.
^ 1 2 5 0 ,0 0 0
CITY
OF 0AMBKIDGE,
MASSACHUSETTS,
20-Year
Whann & Schlesinger,
71 BBOADWAY, NEW YOBK.
TROW BRIDGE,
M a c D o na l d
EDWARD C. JONES CO.
Per Cent Bonds.
Price and particulars on application.
State,
& M iv e r C o .
County,
City,
School,
DEALERS IN
M unicipal, Railroad,
Street Railway and Gas
BONDS.
NEW YORK
1 NASSAU STREET.
PH ILA D E LPH IA - 421 CHESTNUT ST.
M UNICIPAL
1st
Nat,. Bank Kliig.
MUNICIPAL
John
BONDS,
- - CHICAGO
BANKERS
Nuveen
1 5 W a ll Street, N ew Y o r k .
STATE. CITY
&
RAILROAD RON1)8
MUNICIPAL
BONDS.
Securities Netting from 3 to 6*
A LW A Y S ON HAND.
8end for our Invest
nt Circular.
DUKE M. F A R S O N . Banker.
Municipal Ronds.
D e a r b o r n S < reei
W. D. Van Vleck,
35 NASSAU S TREET,
-
-
NEW Y O R K .
M U NICIPAL BONDS.
CINCIN NATI,
1st National Bank Building, Chicago.
M
171
Correspondence solicited.
C hicago.
C A S H PAID FOR
K n ii w a s M u n i c i p a l B o n d s in d e f a u l t ,
W i c h i t a M or tg a g ee, d efa u lt o r not,
W ic h it a or S e d g w ick Co. R e a l E state,
F o re c lo s e M o r tg a g e s , etc.
u n ic ip a l
LA
C O .,
M U N I C I P A L 1SONBS,
M U N ICIPAL, S T A T E or
COUNTY W A R R A N T S ,
R A IL R O A D BONDS.
Investment Securities Bought, Sold or Exchanged.
W ILLIAM E. NICHOLS. 15 W all Street, New York.
S T R E E T
CHICAGO.
WASHINGTON
State W arran ts,
To
KANSAS.
WANTED:
B onds,
S A L L E
DEAN CORDON, Financial Broker,
__________ W I C H I T A ,
&
OH IO .
& Co., F. R. FULTON & CO.,
R efer en c e, F irs t N a tio n a l B a n k
16 Congress Street, Boston
B R IG G S , T O D D
BONDS.
INVESTMENT BANKERS,
Blodget, Merritt & Co.,
Bonds.
N e t 696.
C A L V IN
TACOMA.
-
P H fL 'P S ,
W A S H IN G T O N .
S. A . K E A N ,
’
M UNICIPAL* A N D O T H E R
H ECU RITIES,
4 2 l*a > n l l e S t i e n , C i i i e a g o .
We Buy and Sell Municipal Bonds
from Southern and Western States;
also Guaranteed Bailroad Stocks.
S ank and T r u s t C o m p a n y S to c k s
N e w York a n d B r o o k l y n
B O S E N B E R G E B & L IV E R M O R E ,
(Specialists in Texas Securities),
4 0 W a ll S tre e t,
•
N ew Y ork
CLINTON GILBERT
B O U G H T AN D SOLD.
a W A L L S T ., N E W Y O R K .
@FedFRASER