Full text of Commercial and Financial Chronicle : January 28, 1899, Vol. 68, No. 1753

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finattrial
nmntfiTi'
Q u o ta tio n

S u p p le m e n t

In v e s to rs
Batereh soeordlng

S t r e e t R a ilw a y S u p p l e m e n t

(M o n th ly )

S u p p le m e n t
to

S t a t e a n d C i t y S u p p le m e n t

Act of Ooa great, in the year 1899, by the W illiam B. D ama Comp am t , In the offloeol the Librarian of Congress,]

YOL. 68.

SATURDAY, JANUARY 28, 1899.

r£ h e

C h r o n ic le .

Cltaringa at

PUBLISHED WEEKLY.
T e r m s o f S u b s c r i p t i o n — P a y a b l e in A d v a n c e :

For One Year.............. ............. ......................... .........................§10 00
For Six Months............................................................................
800
European Subscription (Including postage). . . . . . . . ___ _. . . . 12 00
European Subscription Six Month* (Including postage)___
7 00
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d o.
do.
___ XI 10#.
Above subscription Includes—
T n s Q uotation SpppMataxT
i d r ss x r axibWAT Scrri.EJiEur
T

he

G m tsrroa *’ 8 c fi »l e *

ext

I St a t e

a* o

C it t S c w l k m e x t

A U of which are tarnished without extra charge to every subscriber
Ot the COUEEKfJUL A*l> PlXAMCtAL ClIKOVWWS.
Pile cos-era holding six months' Issue# or special Ala cover# for Sup
pletnents are sold at SO cents each , postage on the same is 18 cents,

Terms of Advertising--(Per Inch Space.)
Transient matter............. SI 30 , Three Months (13 Un»i"#>..!f>29 00
WAMDISO BOSWESS oSUDS.
131X Month*
(38 *' ).. 50 00
Two Mouth*
(8 time*).. 22 00 , Twelve Months (52 *' ).. 87 00

I.ondou Agents:
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P in e S tr e e t, C o r n e r o f P e a r l S tr e e t,

P o s t OrriCE B o x 958.

HEW VOBK

C L E A R IN G HOUSE RETURNS.
The 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 38
have been 13,144,001,838, against { -,073,573,103 last week and
f 1,310,140,328 the corresponding week of last year.
CLEAHIWQS.
J&ftttttM tt'j Ttltpraph.
New York. ..
Boston..................................
Philadelphia.........................
Chicago....... ......................
Ksw Orisons..................... .
Saren olUea, 5 daya..***.*
Other elttee, 5 day*______
T0S«J»aotti*#. S .1*7,..„
Ai slum, l 4*r............. .
... Total all cities for week ,

(Sem i A nnually)

STait
UM.

Taawar* V8.
1998.

Ptr Cent.

S1.33 3.A59.2SJ
112,690.921
91,427.97*
23,032,408
lll.308.15l
X7.SS9.S27
10,787,7*8
IM9t.90i.3U3
m ,iw u 4
•1,778>0»7*1B
3•6.904,237
§7.144,001.003

§•97.516,649
84.430,057
01.368*904
13,804.230
73,500.748

+89*
+*M
+400
-0 0 1
-f01*3

9,418,131
3931.889.130
140,079,987

A71-7
+23' 8

•1,070,909,133
233,171,205

-4-00*1
-HW9

41,310,140,3

+03 0

+8-8

Sew York
Philadelphia#.
PlttBburK.... ..
Baltimore
Buffalo
Washington.,
Rochester
Syracuse
Scranton
Wilmington*
Binghamton
Tdtal Middle
Boet o n .. . . . . . . .
Providence.. ...
H artford .,-..*..
Sow Haven*,,,
Springfield.,
Worcester*. . . . . . .
P ortla n d .,..,
Kail R iver...
ie m li,
Sow Bedford
Total New Kng.
Chicago
Cincinnati.
Detroit...
Cleveland
Milwaukee.
(Vilttmbna
IndianapoU*
Peoria ......
T o le d o ......
Grand Rapid*.
Dayton ...
•.exington
Kalanuwcx >
A fcron. .
Bay City
R ockford., . .
Hprtngfteia, •l
Canton .. ... .
YottOjCTtOWR ..
Sptingfleid. ill,
•
T ot. Mid. W wt'n,
Han FrancUwo.
Halt Lake CUTP ortland___
Loe Armeies
H elena..
T a com a .
Seattle .
Hpokane*
F a rg o .,.,,..
Sloax Falla
T otal i^actfle.
Kanaaa City.
Minneapolis
Om aha...
St. Paul.,
D*>n?er...

The fall details of clearings for the week covered by the T o t other West*.
L ouis__
above statement will be given next Saturday, We cannot 8t.
New OrJeana,
Louisville .
of course, furnish them to-day, bank clearings being made (ialvwrton....
Houston*.
up by the various clearing houses at noon on Saturday, and Havatmah
Richmond,
henoe in the above the last twenty-four hours of the week Memphis
ha ve to be in all oases estimated, as we go to press Friday night Atlanta...
Nashville.
Norfolk.. .
We present below our usual detailed figures for the pre! Fort
Worth
Tioas week, covering the returns for the period ending with A ugusta.
Birmingham
Saturday noon, January 31, and the results for the oorres. K n oxville..,
Little R o c k .........
ponding week In 1848, 1897 and 1896 are also given. The Jacksonville...... .
Chattanooga...........
week a total is the heaviest even recorded, not only at New M acon......................
iorts but outside of New York. In comparison with the Total Southern.,.
preceding week there Is an increase in the aggregate ex­ T otal &.U*.
change* of one hundred and seventy-six million dollars
largely at New York. Contrasted with the week of 1883 the Outside N. York
total for the whole country shows an increase of 48-4 per cent. TMontreal
oronto
Compared with the week of 1397 the current returns record Halifax .
a gain of 96-1 per cent, and the excess over 1896 is 119-9 per Winnipeg,.
Hamilton*.
cant. Outside of New York the increase over 1898 is 23-1 St. John.
per cent, rhe excess over 1897 reaches 47-9 per cent, and Victoria*__
Vancouver*
making comparison with 1895 the gain is seen to be 47-8 per T o t a l C a n a d a .
cent.

Not Included in to

NO. 1753.

162

THE CHRONICLE

OUR IN V E S T O R S ’ S U P P L E M E h T.
We give our subscribers a new number of our
I nvestors’ S upplement to day.
The S upplement
contains editorial articles on the following subjects :
DISCIPLINE WITHOUT SUSPENSION.
MASTER CAR BUILDERS’ COUPLER.
LONG RAILS.
HEAVY LOCOMOTIVES.
TIE PLATES.
RE POR TS OF TRUST COM PAN IE S I N N E W
YO R K AND BROOKLYN.
On pages 165 to 168 of the current number of our
I nvestors’ S upplement will be found complete re­
ports of the condition of all the trust companies in
New York City and Brooklyn on December 31 1898,
as compared with December 31 1897 and June 30 1898.
THE F IN A N C I A L SITU A TION .
We have had another week during which the transaotionsat the Stock Exchange have exceeded all prec­
edent and prices have further and materially ad­
vanced. Monday stock sales reached 1,603,441 shares
(according to the list), with rising prices all day; it is
claimed that sales of thousands of shares failed of
being recorded. Tuesday there was a reaction; sales
of stock were still very large, being 1,371,410 shares,
but values were lower, there being a decided decline
near the close of the market. Wednesday the sales
were somewhat less, though they continued abnormal,
reaching 1,136,492 shares; prices not only recovered
Tuesday’s decline, but made a further decided advance.
These features of large sales, with rising prices, were re­
peated Thursday, when the sales were 1,527,597 shares,
and Friday, when they were 1,032,591 shares, making
the total sales for the five days aggregate 6,671,531
shares. There were no new special developments af­
fecting values or that could be specified as giving
buoyancy to the market. Rumors of new combina­
tions among our railroads were abundant, the most
conspicuous being the formation of a through line
from ocean to ocean by the consolidation of the Union
Pacific, &c., with the New York Central, through the
issue of a 3£ per cent bond, somewhat after the plan
of the Lake Shore arrangement; but traced to their
source we could find nothing of a substantial char­
acter to confirm them.
All our commercial markets
continue in a healthy state and advancing. Cotton is
higher with a good demand for consumption. Wheat
is likewise moving up again. Iron and steel, and last
of all even coal, seem to be advancing in price and
production. We have written to-day on subsequent
pages with reference to the year’s output of iron
and coal. The articles will well repay study.
In
brief the industrial tide is evidently rising, with all
the signs favorable to a continued upward move­
ment.
Bank managers are looking around with an anxious
eye to see why it is they have not a part in the for­
ward movement. They have a part, to be sure, but
it looks as if it were wholly on the expense side of the
account. To some observers the very fact of large
business makes it seem as if banks were reaping large
benefits.
Exchanges are enormous; clearings are
unprecedented; deposits are unparalleled; surely
this must represent in part enlarged’ income and not
all enlarged outgo. And yet, speaking strictly of
banking business, it is probably true there is no

[V O L

LX \ III.

added revenue gotten out of the increased volume of
transactions. They tax the clerical force to the
utmost but leave no profit.
A very large per­
centage of the gain in deposits has been due
to country bank funds, which have been atattracted to this centre through the policy which has
been persistently pursued for years of paying interest
on such deposits. Despite efforts which have been
made from time to time to reduce the rate of interest
paid from 2 per cent to 1£ per cent, it is not done.
Only a few of the strongest banks now pay the lower
rate and by far the greater majority pay 2 per cent.
Hence, while the banks o f this city earn an average
of not more than 2| per cent on the deposits of the
country bank, they really net not over ^ of 1 per
cent.
A feature just now of this branch of the business is
that the Chicago banks and other institutions at
Western points are not paying more than 1£ per cent
on deposits of banks within their respective centers.
Consequently these country institutions, instead of
sending their surplus to Chicago and to the other
cities where only 1| per cent interest is allowed, send
them to New York, where they draw 2 per cent. At
the same time the New York banks have no monopoly
at this center for the employment of their funds.
They have to meet not only the competition of banks
and other moneyed institutions foreign to the State, east
and AYestand South, but they have to compete with
foreign exchange houses to some extent, especially in
the call loan branch of the money market, besides
the competition of local trust companies and other
home institutions. As trust companies enjoy the ad­
vantages of lighter taxation while the balances which
they deposit with banks draw 2 per cent interest, they
can afford to loan money not only on call, but on
time, at rates lower than those charged at banks.
For these reasons the one-half of 1 per cent which
the New York banks can earn as a maximum on their
country deposits is obtained with much difficulty and
only by strictly economical management.
Some of our New York banks are at the moment
getting a lesson in economy of administration from
some interior cities. Chicago, for instance, adopted
a policy recently of charging one dollar per month to
those of their customers who keep an average deposit
of not more than $300. It is admitted that these
small accounts are unprofitable to the majority of
banks. The customers are supplied with checks, de­
posit tickets and other stationery, and also their sig­
nature and endorsements are guaranteed and their
checks collected. In such cases the drafts are always
for small sums, and the clerical force necessary in
banks having many of these accounts is larger
than would be required for ordinary business of a
different and more profitable character. If Chicago
banks have found it advantageous to make a charge
for keeping such accounts, it would certainly seem to
be of as great, if indeed not greater, advantage to
New York banks to pursue a similar course and thus
obtain revenue sufficient to compensate for the ex­
pense of caring for small deposits. The adoption of
this policy is not likely to be a general movement at
all, but some officials regard it as among the import
ant policies of bank administration which will sooner
or later have to receive attention.

J a.s-cab Y 28, 1899.j

THE

C H R O N IC L E .

153

It has been matter of Street inquiry— how is it tha
the old machinery for conducting business when stock
transactions aggregated only, say, 174,425 shares a day
(the average in January 1896) and bank clearing8
only about $98,500,000 (the average in the same
month and year) can be made to work with Stock
Exchange transactions over 1,600,000 shares a day (as
on Monday of this week) and bank clearings $317,
216,834, as on Tuesday of this week? It is no doubc
a little surprising.
The Stock Exchange ticker
to be sure did get behind they say about fifteen
minutes; but through a fear of being voted a notnp-to-date machine very shortly buckled to and
closed up the gap. Had it not been, however, for the
Clearing House of the New York Stock Exchange, the
settlements for the business which has been this week
handled could not, it is claimed, have been done; and
yet it and the New York Bank Clearing House seemed
to carry through their added millions of work as
smoothly as if they had never undertaken anything
less, and were especially adapted for working out the
biggest jobs.

late year and even this proved inadequate to the
requirements, since at the same time stocks were
drawn down. The current output is on a still larger
scale, and yet it seems to fall short of the consump­
tive wants. The “ Iron Age” in its market report this
week says the demand for iron is very active,
and that what iron is offered is readily snapped up
without much quarreling as to prices. It seems to
be beyond question that large though the make of
iron was in 1898 the year 1899 will see still higher
records established. It is important to bear in mind
that we have by no means reached the limit of our
productive capacity. Here is what Mr. James M.
Swank has to say on this point in reviewing
the statistics for the year: “ Making a survey of the
whole field, we estimate the actual idle furnace capac­
ity of the country to day at 4,500,000 tons per an­
num, of which probably 2,500,000 tons will be avail­
able in the next six months if there should be an
extraordinary demand for pig iron.” With such a
large reserve capacity consumers would obviously be
very foolish to bid up prices on cne another.

In subsequent articles we discuss both last year's
authracite coal production and the iron output for
the twelve months. The two present a striking con­
trast— the one reflecting the depression to which the
anthracite trade almost alone among the larger
industries was subject, and the other disclos­
ing a total of iron production which not only
surpasses anything ever before attained, but which
runs ahead even of tbo highest estimates that
had been made by competent authorities. Con­
sideration of the anthracite situation, as we show, re­
veals some encouraging features, notwithstanding the
poor record made in the results for 1898. Business
cannot go on expanding all over the United States
without the anthracite trade sooner or later being
brought under the spell of the same influence. The
anthracite properties ou the Stock Exchange have
been appreciating in value on the belief that the
efforts in progress for securing greater harmony
among the different interests will be crowned with
success. There can be no doubt that such efforts are
to be encouraged in every way. At the same time
there is reason to believe that the movement rests
mainly on the idea that the demand for anthracite
will greatly increase the present year and that
therefore the maintenance of prices will be
more easily accomplished. Such expectations seem
wholly reasonable, and whether or not present
arrangements contemplate some very large scheme,
the revival of demand counted on should iu itself
greatly improve the prospects of all the anthracite
properties: for it must bo remembered that the roads
are already working together more harmoniously and
prices are on a better basis. We may note, too, that
according to this week's reports concessions have
also been, or are likely to be, made to the individual
operators, thus leading to a better understanding in
that direction. The need there is for lurgor revenues
is evident from the annual statement of the Delaware
Lackawanna S Western, submitted yesterday after­
noon, showing a deficit of $510,000 below the amount
required for the 7 per cent dividends paid.

The Eastern trunk lines have just announced an
important departure. They have decided to change
the differential rates on export business which have
existed for so long, and which gave Philadelphia an
advantage of two cents per hundred pounds over New
York, and Baltimore and Newport News an advantage
of three cents per hundred pounds. Some of the
newspaper accounts have had it that this step has been
taken because of the demoralization in rates. This
is a mistake. There is no demoralization of rates in
trunk line territory. We have iton the best of authority
that not for many years have tariff schedules, both as
to passengers and freight, been so faithfully observed
in this part of the country. The change meanssimply
the adoption of a new policy. It is in some measure
an experiment.
The export business through the
Southern porn has reached suoh proportions of
late, and condition* have altered so essen­
tially in some respects since the existing dif­
ferentials were established many jmars ago, that it
has been thought best to try and see what the effect
of a reduction of the differentials would be. It will
be remembered that the merchants of this city
only last year brought an action before the InterState Commerce Commission with this end in view,
and that the Commission in effect decided that the
case was not sufficiently clear to warrant their inter­
ference. The railroads have now voluntarily lowered
the differentials by cutting them in two; that is, Bal­
timore and Newport News are to have an advantage
of only 14 cents instead of 3 cents, and Philadelphia
an advantage of 1 cent instead of 2 cents. President
S. R. Callaway of the New York Central is quoted in
the “ New York Times” as saying that the new differ­
entials will tend to promote stability in rates. He de­
clares that witha3-cent differentialagainstNew York
it was impossible for the roads to maintain schedule
rates. The revised differentials apply only to grain,
and become effective February 1. The lines are also
to cease paying commissions on passenger business.

Money on call, representing bankers’ balances, has
loaned at the Stoek Exchange during the week at 2jIn the iron trade the situation can be described as per cent and at 3 per cent, with the bulk of the busi­
nothing less than marvelous. The country produced ness and the average at 2) percent. The disinclina­
nearly twelve mdlion tons of pig iron in the tion of lenders generally to make engagements on

154

THE CHRONICLE.

time on industrial stocks at rates which are regarded
as reasonable by borrowers has induced the latter to
rely almost wholly upon the call-loan branch of
the money market for accommodation, and this
is one reason assigned for the comparative firm­
ness of call loans and also for almost daily
transactions at 3 per cent.
Banks and trust
companies quote
per cent as the minimum. Time
contracts are freely offered on good Stock Exchange
collateral at U per cent for thirty to ninety days and
3 per cent for four to six months. The offerings of
commercial paper are increasing, but the demand
continues urgent not only from the city but from
Eastern, Western and near-by Southern buyers and
good names do not accumulate. Sales have been made
of four month’s single-name paper of strictly first
class to trust companies at
per cent. Quotations
are 2J@3 per cent for sixty to ninety-day endorsed
bills receivable, 3@3£ per cent for prime and 4@5 per
cent for good four to six months’ single names.

[VOL. L iV I I I .

of running off-bills.
On Thursday the tone was
firmer and rates for actual business in long and short
sterling were advanced one-quarter of a cent, to 4 82J
@ 4 83 for the former and 4 843 @ 4 85 for the latter,
while cables were unchanged.
The tone was firm on
Friday. The following shows daily posted rates for
exchange by some of the leading drawers.
MON.. T e a s..
W jj
T h u b , FBI.,
FBI
Jan. 21 Jan. 23. Jan. 24 Jan. 25 Jan. 26. Jan, 27.
83*
86*
83*
86*
83*
6 0*
83*
85*
83*
86*
83*
86*

83*
85*

days.
Brown Bros........ (60
(Sight....
(60 days.
Baring,
Magonn & Co.. \ Sight....
(6 0 days.
Bank British
No. Am erica.. 1 Sight....
(60 days.
Bank o f
M on treal........ \Sight...
Canadian Bank (60 days.
o f Commerce.. \ Sight....
Heldelbaoh, Ick- (6 0 days.
elhelmer & Co i Sight....
days.
Lazard F reres... 1(60
Sight...
Merchants’ Bk. (6 0 days
?8ight...
o f Canada..

8 3*
86*
83*
86*
88*
8 5*
83*
8 6*
83*
8 6*
83*
86

83*
86*
8 3*
8 5*
8 3*
8 5*
83*
8 5*
83*
8 5*
83*
86*
63*
85*

!i*
8 8*
8 5*

§52
§32
83*
8 6*
83*
8 6*
83*
. 86*
83*
86

83*
3 5*
8 8*
85*
83*
86*
83*
86*
83*
8 5*
88*
85*

§32
is *

§32
83*
86*
83*
85*
83*
85*

§H2
m
If*
if*
I I s4
The market closed firm on Friday, with rates fo r
actual business 4 82f@ 4 83 for 60 days, 4 84f@ 4 85 for
sight and 4 85^@4 85^ for cable transfers. Commer­
cial on banks 4 82J@4 32j and documents for pay­
ment 4 81f @ 4 82^. Cotton for payment 4 814@4 81f,
cotton for acceptance 4 82J@4 82| and grain fo r
payment 4 82@4 82^.
The following statement gives the week’s movement
of money to and from the interior by New Y ork banks.

The European political and financial situation re.
mains without notable feature. The Bank of Eng­
land minimum rate of discount is unchanged at 3£
per cent. The cable reports discounts of sixty to
ninety day bank bills in London at 2@2£ per cent.
The open market rate at Paris is 2|@2| per cent, and
Received by Shipped by
at Berlin and Frankfort it is 4@4£ per cent. According
N et Interior
Week Ending Jan. 27, 1899.
N .V.Bank*. N .Y . Banks.
Movement.
to our special cable from London the Bank of Eng­
$7,100,000 $4,368,000 Gain.$2,734,000
land gained £714,266 bullion during the week and
1,100,000 Gain.
541,000
1,641,000
held £32,682,771 at the close of the week. Our cor­
T otal g old and lega l tenders....... $8,741,000 $5,498,000 Gain.$3,275,000
respondent further advises us that the gain was due
With the Sub-Treasury operations and gold im­
to the import of £49,000 bought in the open market, ports the result is as follows.
to receipts of £841,000 net from the interior of Great
Out of
N et Change in
Into
Week Ending Jan. 27, 1899.
Britain, and to shipments of £176,000 wholly to the
Banks.
Bank Holdings.
Banks.
Cape.
Banks’ interior m ovem ent, aB above $8,741,000 $5,466,000 Gain.$3,275,000
24,300,000

The foreign exchange market has been moderately
active during the week, though changes in quotations
have been slight. One feature has been a smaller
supply of commercial bills against grain and cotton,
while another feature has been the marketing of run­
ning-off bills and an indisposition to renew th°m,
there being no immediately prospective advantage in
continuing the investment operation. Early in the
week there was a fairly good inquiry for cables
in connection with the approaching settlement
in London, and after Wednesday the market
grew firmer for long and short sterling, both
of which were reported to be influenced by
a demand to remit for stocks bought in Lon­
don for New York account. Gold imports from
Europe were $243,325 and the total imports were
$321,379. Nominal rates for exchange have remained
unaltered during the week at 4 83£ for sixty day and
from 4 85| to 4 86 for sight. Rates for actual busi­
ness opened on Monday unchanged, compared with
those at the close on Friday of last week, at 4 8 2f@
4 83 for long, 4 84f@ 4 85 for short and 4 85£@4 85£
for cable transfers. The market had an easy tone
and on the following day rates for actual busi­
ness in long sterling were reduced one quarter
of a cent to 4 82-£@ 4 82£, in consequence of a light in­
quiry, while no change was made either in short sterl­
ing or in cables. On Wednesday long sterling was
steady, while cable transfers were firm, but the only
change made in rates for actual business was in short
sterling, which was reduced one-quarter of a cent to
4 84J@4 84f, influenced, as above noted, by offerings

24,800,000 L oss.

500,000

T otal gold and legal tenders....... $33,041,000 $30,266,000 Gain. $2,775,000

Bullion in principal European banks this week:
Jan. 26, 1889,
Bank of

Silver.

Gold.

England .. ..
France....
German j —
Russia
AusL-Hung’y
Spain............
Italy ..............
N etherlands.
Nat. Belgium.

X
1
32,682,771
72,834,762 47,981,090
28,132.0C 0 14.492.000
100,761,000 4.179.000
85.878.000 12.431.000
11.002.000 8.591.000
15,029,000 2.344.000
4,315, OO 0,770.000
3,176,000 1.588.000

Jan. 27, 1898.
Total.

Gold.

Silver.

loUi'i.

X
32,682.771
120,810,458
42.624.000
104,940,000
48.309.000
19.053.000
17.373.000
11.091.000
4,764.000

X
32,563,730
77,181,995
30.200.000
118,337,100
36.425.000
9.431.000
16.584.000
2.629.000
2.867.000

4

X
32,503,736
125,538.443
45.758.000
122,149.000
48.523.000
19.911.000
17.090.000
9.458.000
4.286.000

48,350,448
15.558.000
3.812.000
12.398.000
10.480.000
2.106.000
6.829.000
1.429.000

Tot.this week 303,870533 98.382,090 402,253,22P 825.20V31 100968448 426,177.179
T ot.p rev. w’k 300,650.100 97,484,910 398,135.016 324,769.246 100654126 425,423,374
—

THE

C O IN A G E

C O M M IT T E E ’ S
B IL L .

CURRENCY

Mr. Hill’s bill which the Coinage Committee of the
House agreed on Saturday (January 21) to report
favorably, and “ to employ every possible parliament­
ary expedient” for its passage, has in it very com­
mendable features; at the same time it is, in our
opinion, an extremely defective piece of currency
machinery and a peculiarly untimely movement.
What we said last week shows why we think the
movement untimely. Let us repeat briefly the rea­
sons. (1) There are not work days enough in six
weeks to perfect and pass any currency measure.
(2) Currency discussion ending in nothing would not
find favor with the business public, because an effort
j that could do no good would be a hopeless affair and
might interfere with the rapid expansion of business
enterprise. (3) If the proposed bill went so far as to

J

a .v u j . b y

28.

1889.J

THE CHRON LCLE.

get into the Senate that body, as now constituted,
would simply substitute and pass a 16-to-l measure.
(4) Such action as that would certainly harm busi­
ness, discourage the sound-money sentiment, and en­
danger if not postpone sound-money legislation for a
long period. (5) After the fourth of March a major­
ity both of the Senate and of the House will be in
favor of a gold-standard measure ; with that condi­
tion in prospect it seems as if no greater folly could
be practiced than to attempt anything at this session
which would tend to put in jeopardy the grand oppor­
tunity for currency legislation which is now so near
us. In the light of these facts can there be any doubt
with reference to the claim made above of untimeliness P
As to the faulty character of the measure presented,
that seems to us, judged by experience, to be if possi­
ble even more evident. We have nothing but praise
for the features of the bill a3 independent proposi­
tions. The criticism is, that as the measure stands
there is the best of reasons for the belief that its opera­
tion would prove disturbing to our money market, and
consequently to all our industries. We need not cite
the whole bill, but only the more prominent provis­
ions, including those which promise when at work to
be harmful. It proposes to enact ( 1) that the standard
unit of value shall, as now, be the dollar, and shall
consist of twenty-five and eight-tenths grains of gold
nine-tenths fine; ( 2) that all obligations for the pay­
ment of money shall be performed in conformity with
the standard provided as above; (3) that all obliga­
tions of the United States for the payment of money
now existing, or hereafter to be entered into, shall,
unless hereafter otherwise expressly stipulated, be
deemed and held to be payable in gold coin of the
United States; (4) that the Treasurer shall pay in
gold coin all greenbacks and Treasury notes presented
for payment and as paid cancel the same up to such an
amount ax shall equal the increase in national bank
notes subsequent to the passage of the A ct; (3) if
after five years there shall be any greenbacks or
Treasury notes outstanding, one-fifth of the same
shall each year as received be retired and canceled,
and at the end of ten years they shall cease to bo a
legal tender except in payment for dues to the United
States; (0) that greenbacks and Treasury notes after
having been once redeemed in gold shall not be paid
out again except in return for gold. With reference
to silver the policy of the Act is equally explicit.
The coinage of silver dollars is forbidden except from
bullion now in the Treasury, which bulllion may also
be applied to the coinage of subsidiary silver; a gold
reserve is required of 25 per cent of outstanding
Treasury notes and greenbacks and five per cent of
the entire coinage of silver dollars, to be used for the
redemption of the different forms of money in circula­
tion, no silver certificate over 5 dollars and no na­
tional bank note under 10 dollars are to be issued.
No one can fail to be interested in a measure
having in view so many desirable objects as this
analysis shows. We have cited the leading features
to indicate how important they are, and how satisfac
tory would be the result if all could be attained and
carried into practice. And yet the truth is, tho tran­
sition from an old-established and faulty currency
system to a new and scientific one requires more than a
law blotting the old system out of existence. We must
have at hand an acceptable substitute, one that
conforms to the conditions it is to meet, and the con­

155

ditions its action will make. We must have a new
device that will cure every possible derangement
it may cause and enable the undertaking beyond a
doubt to succeed.
The great danger confronting our effort is that,
when our system has been half worked out, the coun­
try will tire of it and stay its consummation. A t pres­
ent we have a Congress coming into office the fourth
of March that is for sound money. We have a public
opinion strongly in favor of such legislation. We have
business revival in course of rapid development. This
confidence, this enthusiasm for sound money, this in­
dustrial activity, are conditions that must he retained
and cultivated, and not endangered. While contrac­
tion of the old legal tenders is in progress on the one
hand there must he on the other facilities given for
the expansion of a substitute, with ample scope in
case of accidents. Currency panics are always in part
sentiment. It is the fear of money stringency that
checks buoyancy and enterprise, as well as and per­
haps more'often than actual conditions that are cer­
tain to produce stringency. We repeat then that
the law should include a new currency device free to
expand and contract, one at all points in touch
with commerce, to meet present developing industrial
operations, if we are going into the business of with­
drawing the old legal tenders and Treasury notes from
circulation.
We are fully aware, and in fact have set out above
the provision, that no more legal tenders can be can­
celed than is equal to the amount of the new issues
of notes taken out by national banks. That restriction
is of very little use as a corrective to the emotional
fear, which will be encouraged for speculative pur­
pose* and be on the alert as soon as canceling the
legal tenders begins. Moreover there is danger of
contraction from another provision of the proposed
law. The legal tenders and Treasury notes when
they have once been put into the Treasury
for gold cannot be taken out
except for
gold.
Suppose after a number of millions of
these notes have thus gone into the Treasury a
itile scare should arise with regard to the gold reserve;
suppose a natural export of that metal to set in; how
easy it would be with no way provided for note expan­
sion and with contraction by cancellation and by deposit
in the Treasury progressing, to excite afear of a scarcity
of money, leading to hoarding of gold and currency.
Remember there is no chance under the measure pro­
posed of new issues of notes in response to the de­
mands of commerce; no chance for any issues except
based on bonds— a currency system whose contraction
and expansion is simply responsive to the price of
Government securities and the profitableness or un­
profitableness of note issues.
Finally, we have already once tried au experi­
ment of the kind the Coinage Committee's hill pro­
poses—that is, of supplying by bank issues the want
for currency when contracting the legal tenders— and
failed disastrously. Why should we be so forgetful
or so venturesome as to assume we shall be any more
successful now ? It was, to be sure, a long time ago
that the country passed through that experience.
Mr. McCulloch was then Secretary of the Treasury.
In his first annual report, December 1865, he ex­
pressed the opinion that the legal tenders were a
war measure aud should be retired as
the
war was closed and as a first step towards
resumption of gold payments. The people and

156

THE CHRONICLE

Ivol. Lxvrn.

Congress were heartily in
accord
with the would have excited comment and surprise. To-day
suggestion, and on the 18th day of December, only surprise would probably be excited if all the Sena­
two weeks after the opening of the session, the House torial candidates were able to present their creden­
passed a sympathetic resolution by a vote of 144 to 6, tials on the 4th of March following the convocation
stating that it cordially concurred in the views of the of the legislatures. There have been instances —as
Secretary, and pledged that co-operative action would in 1897— when, with extremely important legislation
be taken as speedily as possible. In pursuance of that pending in Congress, three States or more have been
resolution and on the 12th of March 1866, a law was left with only one member in the Federal Senate, and
passed authorizing the Secretary to exchange bonds have been left so through the refusal of their legis­
for legal-tender notes, not more than 10 millions of latures to make a choice.
Incidents of this month—notably in Pennsylvania,
dollars to be canceled within the first six months and
California,
Delaware, Utah and Montana— foreshadow
thereafter not more than 4 millions a month. To
a
probable
repetition
of such a spectacle. Along with
supply the place these notes had filled Congress then,
the
re-appearance
of
the
legislative deadlock has come
as now, depended upon the national-bank notes. It
was too at that time as safe a reliance as it ever could another phenomenon, more novel and even less agree­
be, for the law had been changed, so that the State able ; open and hardly disguised corruption as an ele­
banks were tumbling over one another to get into the ment in the struggle. In one State of the Union the
taking of bribes has been confessed before an exam­
system, and taking out notes was very profitable.
How the arrangements for substituting bank notes ining committee, and the candidate in support of
for legal tenders worked at that time is quickly told. whom the bribes were offered continues to lead in the
In October 1865 (the last bank return before the balloting. In another State, the capital, where the
Above resolution was passed by Congress) the national- legislature is sitting, swarms withjprivate detectives,
bank notes 'outstanding were $171,321,903. In Janu­ and it appears to be quite unanimously admitted that
ary 1866 the amount was $213,239,530. In January only the certainty of exposure has prevented the use
1868 the amount outstanding was $294,377,390. of money to influence votes.
It is hardly possible that such a situation should
These figures show a much larger addition to bank
notes concurrently with the withdrawal of legal ten­ continue long without reviving discussion of the
ders than is contemplated by the bill the present familiar proposition for popular election of Senators.
Coinage Committee has proposed.
The provision This discussion has rather commonly been regarded
now made is only one bank-note dollar for each legal as nothing more than academic; for the Constitution
tender dollar of those canceled and none to fill the of the United States provides that the two Senators
place of those retained in the Treasury uncanceled. of each State shall be “ chosen by the legislatures
Whereas from October 1865 to January 1868 the thereof,” and this rule could be altered only by an
additions to bank currency were 123 million dol­ amendment to the Constitution. Very strong reasons
lars. Moreover, previous to October 1865 the new are required to force the American people to amend
bank note issues had been very rapid, for in Jan­ their organic law, and as yet there has been no
uary 1865 there were only 66f million dollars of bank sufficiently powerful inducement in the case of the
notes outstanding, showing an enlargement of the Senatorial elections. Two facts, however, should be
volume of the bank notes afloat of 227-J million dol­ noticed : one, that the use of money in such con­
lars in the three years. And yet in January 1868 the tests has notoriously increased of recent years; the
sentiment of the people bad changed so absolutely, other, to which we have already referred, that the
through the canceling of 70 million dollars of legal tendency to deadlocks resulting in prolonged Senator­
tender notes, that the cry went up to Congress from ial vacancies has similarly grown more general. It is
all over the country to stop that contraction; and quite easy to imagine a spread of these two mischiev­
stop it Congress did. In January 1868 a law was ous results so continuous as to bring the people, very
passed declaring that on and after that date the auth­ abruptly, face to face with the problem of popular
ority given the Secretary to reduce the currency elections.
“ by retiring or canceling United States notes ” was
The selections already made this year in the vari­
suspended.
ous States for Senators in the new Congress show a
That is the history of a very desirable but badly very interesting diversity in the motives governing
managed movement. It began with the country the choice. It may be said in general that four dis­
lull of enthusiasm for it, and ended in the short tinct processes of selection have been employed. A
space of about two years with the people thoroughly considerable number of the legislatures have simply
disgusted at currency reform and with the effort re-elected the incumbent of the last Senate, thus fol­
lor its attainment begun so auspiciously an absolute lowing the rule which has had in Senatorial history a
failure. What we want to guard against most of all prevalence very curious for a people so restless and
now is a similar waste of our opportunity. It is a politically changeable as ours. Among this month s
rare chance we have. Shall we show ourselves capable successful candidates for the Senate are Mr. Hale o f
of taking advantage of it?
Maine, who has already served in that body eighteen
years; Mr. Hawley of Connecticut and Mr. Aldrich of
Rhode Island, whose previous service has been of sim­
DEADLOCKS IN THE SENATORIAL
ilar length; and Mr. Cockrell of Missouri, whose un­
ELECTIONS.
broken term of service has reached twenty-four years.
The spectacle of a series of angry contests in half These are not singular instances; they are paralleled
a dozen State legislatures over the choice of a new by other Senators who have occupied their seats, like
United States Senator has become familiar enough to Mr. Allison, Mr. Vest and Mr. Hoar, during twenty
be anticipated with each alternate year. There was or more years, and whose re-election at the expiration
a time when the prolongation of such contests far of their present terms is at least not regarded as iminto the term fixed by law for the new incumbent ' probable. The late Senator Morrill of Vermont had

J a x c a u y 28, 185 9.J

THE CHRONICLE.

at the time of his death occupied his seat for no less
than thirty-two successive years.
Most of the instances under this class, it will be
observed, occur in Senators from States where one
political party is in continual ascendancy, and where,
therefore, there was more likelihood that one leading
statesman’s title to the seat would be recognized at
each successive Senatorial election. A. second class of
Influences governing such elections, rather rare, has
been lately exemplified in Indiana’ s choice of Mr.
Beveridge to succeed an incumbent of another party;
a choice which seems to have been made on the fair
and proper ground that a public man, capable of rep­
resenting the State with intelligence and brilliancy,
deserved the honor.
If such methods of choice were
still the unvarying rule in the selection of Senators,
there would be little demand for a change in the
system.
But it is quite within the facta to say that both
these methods of selection are coming more and more
to be regarded as old-fashioned. In the great and socalled pivotal States of the East and West the tend­
ency has b en distinct, either to choose a Senator at
the mere dictation of a single party leader or under
the influence of outside personal pressure, honest or
otherwise, which wholly removed the argument of
Senatorial fitness. It is the steady growth of these
two tendencies in the most important sections of the
Union which gives rise to the most serious misgivings
over the system of legislative choice of Senators.
It may be argued that the people can apply a
pressure on their legislators sufficient to counteract
the most mischievous tendencies in this direction,
as they did two years ago in Delaware, and as they
seem to be doing now in Pennsylvania. It may also
be alleged that even when a party leader has the
selection of Senator practically in his own hands, he
may make as wise a choice as the legislature unin­
fluenced would have done, or wiser. This has un­
doubtedly happened in the case of Mr. Depew’ s election
last week for New York State. But the answer
is obvious enough, that even if public sentiment
succeeds in obstructing what the public looks upon
as wrong, it may be at the expense of a long con­
tinued vacancy in the State’s representation at Wash­
ington, as happened lately with the Oregon Senatorship; or possibly, as with Delaware in 1897, it may
have the unnatural result of returning a member of
a party not in the majority. On the other hand,even
if it be conceded that a political dictator may choose
wisely and properly his candidate for sure election to
the Senator3hip, it equally follows that his choice may
be wrong and objectionable.
The history of both
parties, in numerous recent Senatorial elections,
shows that the average legislature in a doubtful State
will ratify as dumbly and submissively the one sort
of nomination as the other.
We are far from placing under sweeping and undiscrimlnating condemnation the system of party
“ bosses" or dictators. The system itself is so far
from being new or anomalous that it has existed
pretty much since the foundation of our Government,
and it grows out of the needs of party organization
and discipline as plainly to-day as it did in the days of
Thurlow Weed or Martin Van Boren; or, for that mat­
ter, of Jefferson or Hamilton. But while the fact of
party leadership by a single politician may be as old as
American politics, it is very possible that the atti­
tude of the State legislators towards such leaders,

157

and towards the general duties of their office, may in
the meantime have changed completely. That this
change has actually occurred in a large portion of
the States there is no doubt whatever; and the change
has in such States altogether removed the argument
which caused the founders of the Constitution to
commit the choice of Senators to the legislatures.
The sole and only reason for that provision was the
theory of the statesmen of 1788 that the legislatures
would deliberate more calmly and with better judg­
ment than the people, and would therefore select
from their own independent knowledge the fittest
candidate for Senator. But when the majority in a
legislature merely ratifies, without discussion or
debate, the choice of their party leader, or when such
spectacles are possible as those now placed before the
people of Pennsylvania or California, the purpose of
the Constitution is not only not fulfilled, but is ex­
actly reversed. It is true that such reversal of the
Constitution's purposes has occurred already in the
case of the Presidential nomination and election.
But in this case the change accomplished indirectly,
and through the logic of events, precisely what the
advocates of popular Senatorial elections are urging
through amendment of the law. Moreover, as Sen­
ator Hoar very forcibly j oints out in the current
“ Scribner’s,” the Presidential nominating conven­
tions have almost invariably refused to chooBe the
candidates supported by tho most conspicuous party
leaders.
The progress of this year’s Senatorial contests
deserve, therefore, to be watched with close attention.
We do not believe that the American people as a
whole will long consent to choice of Senators at the
will of a single party louder or under the influence of
money. We doubt if they retain as a rule any very
large respect for their own State legislators. We
know that their impatience is excited by being in­
formed, at frequent State elections, that they must
vote for a legislative candidate, good or bad, because
otherwise they are voting for an opposition Federal
Senator. But above all, we believe that these com­
munities are genuinely disgusted at such perform­
ances as are now distinguishing half the Senatorial
elections, and genuinely outraged at a system which,
even with all this endured, fails to elect, and leaves
the State without its Constitutional representation at
Washington. Such feeling needs to be only a little
strained to lead to a successful revolt against the
system.
THE

M A G N IT U D E O F OUR IR O N
P R O D U C T IO N .
The American Iron & Steel Association, through
Mr. James M. Swank, who has long been an acknowl­
edged authority in this line, has completed its compi­
lation of the statistics of iron production for the late
calendar year, and we have been favored with a copy
of the statement. It reveals results which are certain
to arrest attention. A large total of production had
been looked for, but the actual figures exceed the
best estimates.
For the last half of 1898 Mr. Swank reports the
make of iron not far from six million tons (5,904,231
tons) and for the full calendar year nearly
twelve million tons—11,773,934 toes. Never be­
fore in the history of the United States, never
before in the history of
any country,
has
the output reached such large proportions fo

THE CHRONICLE.

158

a •imilar period.
It may give the reader
better idea of the magnitude of this product to say
that previously in no calendar year had the outturn
reached even ten million tons. As against the 11,773,934 tons for 1898 the make of domestic pig in
1897 was 9,652,080 tons (and that was large beyond
precedent), in 1896 8,623,127 tons, in 1895 9,446,308
tons and in 1894 6,657,388 tons. It will thus be seen
that as compared with 1897 the increase has been
roughly 22 per cent, and as compared with 1896 not
far from 37 per cent.
It is a striking and a significant fact that ever
since the Presidential election of 1896, the result of
which operated so distinctly to revive confidence, each
period of six months has shown an increase on its pred­
ecessor. Starting with the low total of 3,646,891
tons for the last six months of 1896, the output the
first half of 1897 was 4,403,476 tons, the second half
5,249,204 tons, the first half of 1898 5,886,703 tons
and the last half of that year 5,904,231 tons. We
show below the half-yearly totals back to 1887, per­
mitting the reader to see the progress and the fluctua­
tions for the last eleven years.
P R O D U C T IO N O F P IO IR O N IN H A L F -Y E A R L Y P E R IO D S .
G ro ss T o n s.

1887 1st half................. 3,049,294 1893—1st half
2d half..................3,367;854
2d half.
1888—1st half................. 3,020,092 1894—
1st hair.
2d h a lf ................ 3,469,646
2d half.
1889—
1st half..........3',66i,603 1895—
1st half
2d half.
2d h a lf ................ 3,942,039
1st half
1890—
1st ball.......... 4,560,513 1896—
2d half..................4.642,190
2d half.
1891—
1st half..........3,368,107 1897—
1st half.
2d half_________ 4.911.763
2d half.
1892—1st half............. ..4,769,683 11898—1st half.
2d hall..................4,387,317 1
2dhalf.

G ross T ons.

Impressive as the record disclosed in the above
figures is, they do not tell the whole story of the
year’s wonderful activity. With a product large be­
yond all precedent there has been a coincident reduc­
tion of unsold stocks to the smallest figures known
for years. In other words, consumption exceeded the
production, extraordinary though the latter was.
Mr. Swank reports the stocks of pig-iron which
were unsold in the hands of manufacturers, or
which were under their control in warrant yards
or elsewhere on December 31 1898, and which were
not intended for their own consumption, as only 291,233 tons, against 571,577 tons similarly held on June
30 1898 and 656,489 tons on December 31 1897. In
brief the unsold stocks at the end of 1898 were only
2-4 per cent of the total pig iron production for the
twelve months, and Mr. Swank states that this is the
lowest percentage of unsold stocks recorded at the
close of any year for a quarter of a century past.
There is one other item of stocks to be taken into
account, namely the holdings of the American Pig
Iron Storage Warrant Company.
That por­
tion of these holdings still under the con­
trol of the makers has been
included in
the figures given. In addition there were 124,100
tons in the yards of the Warrant Company which had
passed out of the hands of the makers.
Adding
these on, the total of iron which may be said to
have been on the market on December 31 1898 was
415,333 tons, against 756,336 tons June 30 1898 and
874,978 tons December 31 1897. Allowing for the
changes in stocks and also for the imports, the fol­
lowing is the comparison as to consumption, etc. In
the imports we have taken not merely the imports
of the pig metal but the imports of all kinds of iron
and steel. These imports, so large a decade ago,
have dwindled, as is known, to small proportions, and
for 1898 we estimate them at only 150,000 tons.

LVoi.. LXYIil.

IK O N P R O D U C T IO N , S T O C K S , IM P O R T S , A C .

Tbns of 2,240 Pounds.

1898.

1897.

1896.

1895.

1394.

1893.

874,978j 847,686 506,132
8t’k o f pig J anil ary 1*
601,328 707,318 585,616
Product'n dur’g year. 11,773,9841 9,652,080 8,623,127 9,446,308 6.657,388 7,124,502
Total supply.......... 12,618,912 10,500,366 9,129,259 10,107,636 7.364,706 7,680,113
874,978 847,686
Stock end o f year*...
415,333
506,132 661,328 707,318
Consump. o f home pig 12,233,579 9,625,388 8,281,573 9,601,504 6,703,378 6,952,800
157,790 265,500
Imp’ts o f iron & steel. fl50,000
378,208 309,249 438,495
Tot.consump.&exp. 12,383,579 9,783,178 8,547,073 9,979,712 7,012,627 7,391,295
* Including 36,200 tons net held in the warrant yards o f the American Pig
Iron Storage Warrant Company Dec. 31,1889, not under the control o f makers;
29,500 tons Dec. 31, 1892; 45.250 tons Dec. 31, 1893: 63,640 tons Dec. 31,1894;
61,800 tons Dec. 31.1895.136,037 tons Dec. 81,1896, 218,489 tons D ec.31,1897, and
121,100 tons Dec. 31, 1898.
+ Partly estimated.

The record of growth as to consumption, etc., is
hence even more noteworthy than that as to produc­
tion. Altogether, 12,383,579 tons were consumed or
exported in 1898, against 9,783,178 tons in 1897, and
8,547,073 tons in 1896, the addition in these two
years having thus been nearly one-half.
The ex­
ports formerly were so small that they could be
ignored in the discussions.
Latterly, we need
hardly say, they have become very important.
Much of these exports are of such character—
machinery and the like—that it is not possible
io report them according to the weight of metal con­
tained in the shipments; but taking the bulky forms
of iron and steel, we should judge the outward move­
ment during 1898 must have reached close to 900,000
tons. In value the exports of all kinds of iron and steel
for the eleven months of 1898 (the figures for the
twelve months are not available at the date of this
writing) were $74,722,112, against $56,858,303 in the
corresponding eleven months of 1897 and $43,458,448
in the eleven months of 1896.
One other fact should not be lost sight of in consid­
ering the year’ s large production and consumption.
Unlike some other periods, new railroad construction
did not play a very important part in it. The output
of rails in 1898 was no doubt heavier than in 1897,
since the railroads spent more freely for renewals.
But as far as the requirements for new track are con­
cerned, though railroad construction was prosecuted
on a somewhat greater scale only about 3,000 miles
of new road altogether were added during 1898. We
have only to compare this with the nearly 13,000
miles of new track provided in 1887 to see that con­
struction work was not very active.
Nor was production stimulated by any very great
rise inprices. During the current year since the first
of January some substantial advances have occurred,
but throughout 1898 values ruled low.
Indeed, the
first six or seven months prices declined ; the latter
part of the year this loss was recovered and some ad­
vance established.
Bessemer pig in Pittsburg at
the close of 1898 was quoted at $10 75 per ton
against $10 00 at the beginning ; gray forge
in Pittsburg at $9 50 against $9 00, and steel
billets at $16 25, against $15 00. Bearing in mind
that the comparison is with very low prices, it will
be seen that the advance was only moderate, all
things considered. The following furnishes a com ­
parison of the yearly averages for leading articles.
A V E R A G E Y E A R L Y P R IO R S

OF IRON AND

STEEL,

1891

TO

1898. 1897. 1898. 1895. 1894. 1893.
Articles—
$
$
$
$
$
*
Old iron T rails at Phila. .ton.12 39 13 49 14 16 14 09 1195 16 43
No. la ntll.ldy.pig at Phil. " 1166 1210 1295 1310 1366 14 52
Gray forge pig iron atPhil. “ 10 23 10 48 1109 1149 10 73 12 73
Gray forge pig iron, Lake
ore, at Pittsburg........... “
9 18 9 03 10 39 10 94
9 75 1177
Bessem’rp igiro n a t Pitts. “
10 33 10 13 12 14 1272
11 38 1287
Steel rails at mills in P a .. “
17 62 IS 75 28 00 24 38 24 00 28 12
St’1billets at mills at Pitts. "
15 31 15 OS 18 83 18 48
18 58 20 44
Best refined bar iron from
store at Phila.............1001bs.l28
1 31 140 1 44 1 84 1 70
Best re’d bar iron at Pitts. “
107 110 1 21 126 1 20 1 50

1898.
1893
?.
19 48
15 75
13 54

1891
$
33 05
17 53
14 52

12 81
14 37
30 00
23 63

14 06
15 95
29 92
25 32

1 87
1 64

1 90
17

J

anuary

23, isw 9 .j

THE CHRONICLE.

159

enlarged its shipments 460,360
tons, raising
its ratio a full point, that is from 15’43 per
cent to 16*43 per cent. But just what this means we
confess ourselves unable to understand. Assuming that
the figures are correct (they come to ns from official
sources), there must be some qualifying circum­
stance connected with the increase, for the com­
ANTHRACITE COAL PRODUCTION AND
pany’s annual report to November 30 indicated only
PROSPECTS.
a trifling increase in production and no increase at
It is possible now to give accurate statistics regard­ all in shipments. The other road over which the
ing last year’s anthraoite coal production and the shipments were materially expanded is the Delaware
shipments over the different routes. The figures are Susquehanna & Schuylkill, the Coxe Bros.’ road.
especially interesting and timely at this juncture, This road moved 1,555,429 tons, or 3'71 per cent of the
when rumors of a combination among the different whole, in 1S98, against 1,324,086 tons and 3T8 per
companies for the better and more effective control cent in 1897. The road’s allotment under the agree­
of the anthracite trade are again current, and when ment of January 1896 was 3-50 per cent. It thus
the securities of all the anthracite properties are being ran somewhat ahead of its proportion in 1S98, just as
advanced on the strength of such reports. Entirely ■it had the previous year run somewhat behind.
apart, however, from these considerations, the statis­
On the whole the changes here disclosed in the rel­
tics are deserving of careful analysis and study. They ative position of the different carriers are hardly
serve to throw a great deal-of light on the situation sufficient to explain the depression and unsatisfactory
which prevailed in the late year, yielding such unsat­ prices whidh prevailed during the year. Nor are the
isfactory results, and they are important in their differences between the actual and the allotted per­
centages very large, or wider than usual. In no case
bearing on the near future.
The anthracite coal trade is one of the important does the excess amount to more than a fraction o f
industries which did not participate in the business one per cent. The Lehigh Valley sent to market
revival which was the most distinguishing character­ 16-43 per cent of the aggregate against an allotment
istics of trade affairs in the United States during 1898. of 15-05 per cent, the Lackawanna 13*83 per cent
Various explanations have been given for this, but against an allotment of 13-35 per cent, the Pennsyl­
they have all been more or less incomplete. We know vania Coal Company 4-43 per cent against an allot­
that prices have been low, the average for 1898. taking ment of 4-00 per cent, the Coxe Bros, road, as
the year through, having been, we should judge, 15 already stated, 3*71 per cent against an allotment of
to 20 cents a ton smaller than for 1897. But why 3-50 per cent, the Pennsylvania Railroad 1146 per
were priceslow ? Because of alack of harmony among cent against 11*40 per cent, and th$ New Y ork
the different interests, it will be said. Why was Ontario & Western 3-27 per cent against 3*10 per
there a lack of harmony? The reply to this will no cent. The Reading sent forward only 19*62 per cent
doubt be that certain of the companies refused to be though entitled to 20*50 per cent, the Central New
governed by the policy of restriction, and mined coal Jersey 11*04 per cent though entitled to 11*70 per
greatly in excess of their allotments, thn3 demoraliz-, cent, the Delaware & Hudson 9*39 though entitled to
ing the market. This statement deserves to be tested. 9*60 per cent, the Erie 3*81 per cent though entitled
In the figures for the year to which we have above to 4*00 per cent, and the New* York Susquehanna
referred we have the data for such a test. Before & Western 3* It percent though allotted 3*20 per cent.
proceeding further in the discussion, therefore, it
Thus there is pretty close accord. Some deviations
will be well to present the data showing just what would be unavoidable in any event, since even with
the shipments were over each road. Here is the tablo. every interest bent on living up to the agreed basis, it
«-----ism.-----, .-----swr.----- ..----i»i«.— ..—»tSM.----- , would be quite impossible in each case to make the
Turn. J». C .
Tam.
P. 0.
T>mt.
P C.
Tam .
P . <7
RoatUoir............ S £to«H ISMS s.sas.m so-ift »,oio,&w tern ) 9,906,ow 21-at)
production equal the exact amount of the allotment.
r.ohii-h v »u * 7. « A 8 s x r
*.425.2*7 is ta e u a .iss js «a ?,wo,<r,t is-aa
Considering that the agreement between the produc­
Owitrm!
4 .IS M 8 * ii-9 4 4.7aO.‘« 3 ll'3<! 4,S09.0«I ll'S S S.SSSJO* U 'S »
n»i. r.aft. it w . 6.795,540 i3-«i
i& tn s.but.&s# is m «, i *9,*oo 13. 1s ing interests is a very intangible affair— that
it
U*L * Htut,on. V »l,2 4 « 9r*9 ».931.ees
4.152,873 8 62 4.347.<U3 8*35
KB . I.H017W8 UNO l.70r,4tfl I f 13 4.J.5SJ20 U V l 3.035.043 10S0 amounts to little more than a tacit understanding
PotUMJlr. Coni.
V43 1.777 JW* 4 1 7 '..m .9 7 2 f® 0 1,748483* 5 70
which each road is free to observe or not as it chooses
K r te ..................... 1.580,389 SSI
t.OOB.378 4 01 1.7t8.J0S SDS I.SM.03S * 8 9
N. T . O n l . i W . 1.S71.582 # 2 7 1.920.721 # * > 1.390,000 SV8 1.124.614 3 00 —it is really surprising that not more roads have run
D e L S u q .* Sell. 1,535.479 #71 U t U . t m .718 1.718.000 S 9 0 t.BUS,m 4 10
Especially docs
N. V . Su*1-A W . 1J01.7S3 3 11 1.*14.735 # 7 0 1.300,009 # 2 * 1,45251(4 # 1 2 ahead of their assigned percentages.
T o ln l............ 4I.W 9.76I \ & r < j 41.4.77.86') 1003) 43.177.4.S3 1000 49,511.<?r 108*0 this appear true when we remember that 1898 was a
We think the comparisons between 1898 and 1897 year of rising prosperity in business, and that at Buch
in tho above will be a surprise. They show much a time it would be natural for the managers of the
smaller deviations between the two years than might coal companies to imagine that the coal trade too
reasonably have been expected. Out of eleven com ­ wonld experience a revival in demand, whereas as a
panies included in the statement only five have in­ matter of fact the demand did not improve at all.
creased their shipments as compared with the year
This last furnishes the clue to the unsatisfactory
preceding, and in only two of these cases can the in­ nature of the year’s outcome. It was not that indiv­
crease be said to be considerable. The Lackawanna, idual action proved a bar to favorable results. The
which has always been pointed to as tho chief of­ lack of co-operation on tho part of some interests
fender in this respect, is not one of these two. That certainly added to the difficulties of the situation.
road indeed did again add to both its amount and per­ But the root of the trouble lay deeper than that. It
centage, but in view of all the talk there has been the is to be found in the fact that the expected increase
addition seems comparatively small— not much more in demand did not materialize. The coincident fall
than one hundred thousand tons.
On the other in prices is referable to the same circumstance. It
hand the Lehigh Valley, it would
seem, has was not a cause but an effect. Had there been an acThe 1898 figures in a number of cases, it will be
noticed, are smaller even than those for 1897.
Thus
No. 1 anthracite foundry pig iron at Philadelphia
averaged only -Nil 66 per ton in 1898, against $12 10
in 1897, $12 95 in 1896, and very much higher
prices in the earlier years.

160

THE CHRONICLE.

[Vot.

l x v iu .

1

*

! g

tive demand, prices would have been more easily main­
COTTON S U P P L Y A N D C O N SU M PT IO N I N
tained. As it was, the market failed to take increased
E U R O PE .
supplies, and prices dropping concurrently the roads
Mr. Ellison’s “ Annual Review of the Cotton Trade
sutfered in a double way. There is no way of show­
for
the Year 1898” was issued in Liverpool on Tues­
ing this restriction in demand except by means of the
figures of production. Ilonce it is important to note day of the current week. We have received by cable,
carefully tho comparison as to aggregate shipments and present to-day, the matters of interest contained
given in the table above. It will be observed that in it. Among them we include an estimate of the
from-tG,511.000 tons in 1895 the output dropped to imports into Europe for the full cotton season of
43,177,000 tons in 1896, and then to 41,637,000 in 1898-99. With regard to the calendar year 1898 the
1897. In other words, in two years the annual prod­ figures show a gratifying increase in consumption in
uct fell off nearly five million tons, and yet in face of Great Britain as well as on the Continent. The re­
this great loss the recovery in 189S amounted to sults for the year just closed, stated in bales of the
barely 262,000 tons. In this lack of growth and re­ uniform weight of 500 lbs., are appended.
SPINNEBS’ TAKINGS. CONSUMPTION AND STOCKS IN 1898.
covery we have the key to the whole situation.
It is the assurance that the deferred growth is al­
C ontin en t.
Total.
I n 5 0 O-lb. B ales.
most certain to come the current year that makes the S tocks J a n u a ry 1 1 8 9 8 ......................... 1 0 3 ,0 0 0
2 6 5 ,0 0 0
3 7 3 ,0 0 0
3 ,5 6 2 ,0 0 0
4 ,8 9 7 ,0 0 0
8 ,4 5 9 ,0 0 0
outlook so much brighter now. There is nothing-sur­
3 .6 7 0 .0 0 0
5 .1 6 2 .0 0 0
8 .8 3 2 .0 0 0
prising in the fact that general business prosperity did
3 .4 7 1 .0 0 0
4 .6 2 8 .0 0 0
8 .0 9 9 .0 0 0
not mike itself manifest in the coal trade during C o n su m p tio n ............................................
1 9 9 ,0 0 0
5 3 4 ,0 0 0
7 3 3 ,0 0 0
3toeks J a n u a ry 1 1 8 9 9 ........ ..............
189S. The failure to do so simply repeats past exper­
0 6 .7 5 0
8 9 ,0 0 0
W eekly co n su m p tio n ............................
1 5 5 ,7 5 0
ience. We have often pointed out in these columns
According
to
the
above
the
mills
in
Great
Britain
that the anthracite trade is always the last to feel the
impulse of-reviving trade and also the last to recede have consumed on the average 66,750 bales of 500 lbs.
when the tide turns in the other direction. But each per week during 1898, or 3,865 hales per week
the very fact that the period of depression has more than in 1897, although compared with 1891 the
lasted so long would seem to be the best of gain is somewhat less, being only 2,520 bales per week.
reason for believing that we are on the thresh- On the Continent there has been a constant and at
hold of a great change. At all events a good some times rapid rise in consumption since 1884,
many of the managers entertain the opinion that but the past three years the increases have been es­
very substantial improvement cannot be long de­ pecially marked. From 80,750 bales per week in 1896
layed. General Manager J . E. Childs of the New the total rose to 85,000 bales in 1897 and 89,000 bales
York Ontario & Western has presented this view with in the past year. Since the first of October Conti­
great force in tho receut annual reports of the com­ nental consumption has been estimated at 90,000
pany. It would also be in consonance with past ex­ bales. The surplus stocks at all the European mills
perience if the expansion or revival, when it did oc­ have been added to materially during the year, stand­
cur, should reach very large proportions. After the ing, according to Mr. Ellison’s estimate, at 733,000
panic of 1873 anthracite production, which had been bales at the close, against 373,000 at the opening.
21,689,959 tons, continued to fall off until 1878. when To bring out clearly the comparison the 1898 figures
the output was only 17,306,911 tons, but in 1879 at make with previous years we have compiled the fol­
one bound there wa3 an addition of over 8,800,000 lowing, which embraces the period from 1891 to 1898
tons, to 26,142,689 tons. Counting upon a repetition inclusive.
in 1899 of what occurred in 1879, some are predicting
Spin* rs*
S p in ’ r s * W eekly
C on ­
B a les o f
an output for the current year of 50,000,000 tons.
Stock T a kin gs. S u p p ly. sum ption . S tock
Con5 0 0 L bs.
Jan. 1.
But even if the output should only be 2 to 3 million
Dec. 3 1. sum pV n
tons larger than for 1898, and if at the same time G t . B r i t a i n .
circular prices should be maintained, it would mean 1 8 9 8 ................... 1 0 8 ,0 0 0 3 ,5 6 2 ,0 0 0 3 ,6 7 0 ,0 0 0 3 ,4 7 1 ,0 0 0 1 9 9 ,0 0 0 6 6 ,7 5 0
1 8 9 7 ................... 122,000 3 ,2 5 6 ,0 0 0 3 ,3 7 8 ,0 0 6 3 ,2 7 0 ,0 0 0 1 0 ? ,0 0 0 6 2 ,8 8 5
a great deal to the companies.
1 8 9 6 ................... 1 30 ,00 0 3 ,2 6 8 ,0 0 0 3 ,3 9 8 ,0 0 0 3 ,2 7 6 ,0 0 0 1 2 2 ,00 0 6 3 ,0 0 0
It is a recognition of the fact that an improved de­ 1 8 9 5 ................... 9 0 ,0 0 0 3 ,2 9 6 ,0 0 0 3 ,3 8 6 ,0 0 0 3 ,2 5 6 ,0 0 0 1 3 0 ,0 0 0 6 2 .6 1 5
1 8 9 4 ................... 6 9 ,0 0 0 3 ,2 5 8 ,0 0 0 3 ,3 2 7 ,0 0 0 3 ,2 3 7 ,0 0 0 9 0 ,0 0 0 6 2 ,2 5 0
mand may reasonably be expected that lies at the 1 8 9 3 ................... L60.000 2 ,8 7 9 ,0 0 0 3 ,0 3 9 ,0 0 0 2 .9 7 0,00 0 6 9 ,0 0 0 5 7 ,1 1 5
bottom of the attempts now being made to place the 1892 ............... 132,000 3 ,0 7 4 ,0 0 0 3 ,2 0 6 ,0 0 0 0 4 6 ,0 0 0 1 60 ,00 0 5 8 ,5 8 5
trade on an assured basis. Some signs of revival in­ 1 8 9 1 ................... L63,000 3 ,3 0 9,00 0 3 ,4 7 2 ,0 0 0 3 ,3 4 0 ,0 0 0 1 3 2 ,0 0 0 6 4 ,2 3 0
deed were apparent already towards the close of 1898, C o n t i n e n t . 2 6 5 ,0 0 0 4 ,8 9 7 ,0 0 0 5 ,1 6 7 ,0 0 0 4 ,6 2 8 ,0 0 0 5 3 1 ,0 0 0 8 9 ,0 0 0
1 8 9 8 ...................
and it will be recalled that prices immediately stif­ 1 8 9 7 .................. 2 9 8 ,0 0 0 4 ,3 8 7 ,0 0 0 4 ,6 8 5 .0 0 0 4 ,4 2 0 ,0 0 0 2 6 5 ,0 0 0 , 8 5 ,0 0 0
fened and the outlook brightened. This improvement 1 8 9 6 ................... 3 7 9 ,0 0 0 4 ,1 1 8 ,0 0 0 4 ,4 9 7 ,0 0 0 4 ,1 9 9 ,0 0 0 2 9 8 ,0 0 0 8 0 .7 5 0
1 8 9 5 ................... 4 9 1 ,0 0 0 4 ,0 3 0 ,0 0 0 4 ,5 2 1 ,0 0 0 4 ,1 4 2 ,0 0 0 3 7 9 ,0 0 0 7 9 ,6 5 4
has continued up to the present time, gaining in force. 1 89 4 ................... 2 4 5 ,0 0 0 4 ,1 2 3,000 4 ,3 7 0 ,0 0 0 3 ,8 7 9 ,0 0 0 4 9 1 ,0 0 0 7 4 ,5 9 6
It furnishes a substantial basis for expectations of 1 8 9 3 ................. 2 2 7 ,00 0 3 ,6 9 6 ,0 0 0 3 ,9 2 3 ,0 0 0 3 ,6 7 8 ,0 0 0 2 4 5 ,0 0 0 7 0 ,7 3 1
2 6 6 ,00 0 3 ,6 2 2 ,0 0 0 3 ,8 8 8 ,0 0 0 3 ,6 6 1 ,0 0 0 2 2 7 ,0 0 0 7 0 ,4 0 0
better income statements for all the coal companies. 11 88 99 12 ...................
................... 2 2 3 ,00 0 3 ,6 8 4 ,0 0 0 3 ,9 0 7 ,0 0 0 3 ,6 4 1 ,0 0 0 2 6 6 ,0 0 0 7 0 ,0 1 5
Speculation in the market seems to rest entirely on A l l E u r o p e .
rumors of some great combination of the different in­ 1 8 9 8 .................. 3 7 3 ,0 0 0 8 ,4 5 9 ,0 0 0 8 ,8 3 2 ,0 0 0 8 ,0 9 9 ,0 0 0 733,000 1 5 5 ,75 0
,0 0 0 7 ,6 4 3 ,0 0 0 8 ,0 6 3 ,0 0 0 7 .6 9 0 ,0 0 0 3 7 3 ,0 0 0 147 ,88 5
terests. In the fact cited we have something much 1 8 9 7 ................... 54 02 90 ,0
0 0 7 ,3 8 6 ,0 0 0 7 ,895,000 7 .4 7 5 ,0 0 0 4 2 0 ,0 0 0 1 4 3 ,7 5 0
1 8 9 6 ...................
more definite and tangible and invested with no less 1 8 9 5 ................... 5 8 1 ,0 0 0 7 ,3 2 6,00 0 7 ,9 0 7 ,0 0 0 7 ,3 9 8 ,0 0 0 5 0 9 ,0 0 0 1 4 2 ,2 6 9
importance and promise. Whatever the plans of the 1 8 9 4 ................... 3 1 4 ,0 0 0 7 ,3 8 3 .0 0 0 7 ,6 9 7 ,0 0 0 7 ,1 1 6 ,0 0 0 5 8 1 ,0 0 0 1 3 6 ,8 4 6
1 8 9 3 ................... 3 8 7 ,0 0 0 6 ,5 7 5 ,0 0 0 6 ,9 6 2 ,0 0 0 6 ,6 4 8 .0 0 0 3 1 4 ,0 0 0 1 27,846
coal managers, they can hope to do no more than to 1 892 ........... .. 3 98,000|6,696,000 7 ,0 9 4 ,0 0 0 6 ,7 0 7 ,0 0 0 3 8 7 ,0 0 0 1 28,985
secure proper and effective co-operation, so as to take 1 8 9 1 ................... 3 86,00016,993,000 7 ,3 7 9 ,0 0 0 6 ,9 8 1 ,0 0 0 3 9 8 ,0 0 0 1 34,245
advantage of a favorable situation and guard against
Not since 1890 have the financial results of opera­
the slaughter of prices which might otherwise occur. tions of the mills in Great Britain been so satisfac­
But on a rising trade current a mere understanding tory as in the year lately closed. In fact, in only one
might be a3 efficacious as a more binding agreement. year since 1883 has the average profit per mill been

THE CHRONICLE.

J a n u a r y 28, 1899,]

as •great
as in 1S98. Onr cable states that 70 comO
panies in the Oldham district report an aggregate
profit of £331,518 in 1898, or an average of £3,307 per
mill, against only £1,857 per mill in 1897 and hut
£508 in 1896. From 1885 to 1886 and from 1892 to
1894 were periods of loss, ranging from £31 per mill
in 1885 to £1,127 in 1892. The greatest profit per
mill—£4,170—as well as the heaviest aggregate—
£376,041—was reached in 1890. The showing made
by the Oldham mills since 1883 has been as follows.
1 8 9 8 ........... 7 0 C om panies— P rofit, £ 2 3 1 ,5 1 8 .
«
147,724.
1867.. ........79
“
*•
46,772.
1891..
**
**
63.329.
1895.. ....... 95
1-088.
15,837.
1894. .......93
*•
*•
72,768.
1893. .....9 3
.4
101,434.
1892. .......90

1891. .......93
1890. . . . .90
1889. . ...8 6
1 8 8 8 . .......85
1887. . ...88
1886.
1885. ____ 87
1884. ....... 60

P ro fit p er m ill, £ 3 ,3 0 7
*4
44

P rollt,
10.763.
•*
378.041.
«
220.587.
•*
250,932.
tt
85,810.

**
.4

L oss,
M
ProttL

**

1,857

L o ts
44
'*
Profit

41
44
**

44

44
•4

177
782
1,127
116
4,170
2.563

2,95 ;
975
686
31

*•
b o ss
“
P rofit

61.718.
2,730.
125.000.

508
667

4«

2.083

*4

Yarns and gooda exports from Great Britain in 1898
were the heaviest on record, reaching a total of 1,296,781,000 lbs., and exceeding the shipments for the
previous year by 75,088,000 lbe. Compared with 1896,
however, the excess is only about three million pounds.
We have also received by cable the figures of tak­
ings, consumption, &«., for the three months of the
season since October 1. The spinners takings in
a c t u a l bales and pounds have been as follows.
October 1 to J a n u a r y 1.

threat B rita in .

1f o r 18 9 8
.Takings b y sp in n e r* ...b a le *
A v e ra g e w eig h t o f b ale* lbe
T a k in g* In p o u n d * .................

F o r 18 9 7 T a k in g s b y s p in n e r* ...b a le *
A v e ra g e w eig h t o f balee-lbe
T a k in g * Id p o u n d * .................

C ontinent,

i

Touu.

i
1 ,0 1 8,00 0
5 11
5 2 0 .1 9 8 0 0 0

1 ,2 2 6 .0 0 0 i

2 ,2 4 4 .0 0 0
501 -7
6 0 5 ,6 1 4 .0 0 0 1 ,1 2 5 ,8 4 2 ,0 0 0

491

1
9 2 6 ,0 0 0
1,2 0 3,00 0 :
2 ,1 2 9 ,0 0 0
5 05
499'
501-7
4 6 7 .7 2 0 '> > 6 0 0 .3 8 6 .0 0 0 1 ,0 6 8 ,1 0 6 .0 0 0

According to the above, the average weight of the
deliveries in Great Britain is 511 ponnds per bale this
season, against 505 pounds during the same time last
season, The Continental deliveries average 494
ponnds, against 499 pounds last year, and for the
whole of Europe the deliveries average 501-7 pounds
per ba'o against 501*7 pounds last season. Our dis­
patch also gives the full movement for this year and
last year in bales of 500 pounds.
Oci. 1 to Jan. 1.
Bate* of 500 U>i, tacA,
000* omitted

1898:

1897.

Great
Britain

Conti­
nent,

Total.

86,
1.040.

493
i,* n .

Supply........................ 1,096,
Coneampt’n.13 week*
897

1.704.
1.170,

Spinners’ stock O o tl.
Taking, to Jan. 1___

Spinners’ stock Jan, 1

199

534

Weekly Oonrumption
00* omitted
In October
In November
In Deoembev

89,0
69,0
Q9.o

90,0
90.0
90.0

Great
Britai

Oonti
nent.

Tola

549
2,251, 1

31.
935

183
1.2C0

214
2.135

2,800
2.067

966
858.

1,383, 2,349
1,118. 1,976.

733

103

285,

373

j
169,0 | 65,0
159..
65,0
159.0 | 65.0

86,0
86,0
86.0

15 1, C
151,0
I51.i

The foregoing shows that the weekly consumptio n
is now 159,000 bales of 500 pounds each, against
151,000 bales of like weights at the corresponding time
last year. The total spinners' stocks in Great Britain
and on the Continent have increased 287,000 bales
during tho month, and are now 360,000 bales more
than at the same date last season.
Mr. Ellison’s estimate of imports, consumption and
stocks for the full season of 1898-99 has also reached
ns by cable. Me bases his results, so far as American
cotton is concerned, on a crop of 11,500,000 bales, and

HU

places the aggregate imports from all countries for
the twelve months at 9,400,000 bales of ordinary
weight. This total is made up of 7,900,000 bales
from the United States, 700,000 bales from tbo East
Indies, 680,000 bales from Egypt and 120,000 hales
from Brazil, Smyrna, West Indies, etc. Presented in
tabular form the estimate is as follows, comparison
being made with revised results for 1897-98 and
1896-97.
X T O S E P T E M B E R 30.
E stim ated.
A c tu a l.
1 8 9 8 -9 9 .
1 8 9 7 -9 8.
A m e r ic a n ...................................................... 7 .9 0 0 ,0 0 0 7 ,2 5 8 ,0 0 0
E ast I n d ia n ..................................................
7 0 0 .0 0 0
7 6 7 ,0 0 0
E g y p tia n ........................................................
6 8 0 ,0 0 0
6 1 3 ,0 0 0
S u n d rie s .........................................................
1 2 0 ,0 0 0
1 2 7 ,0 0 0

A ctu a l.
1 8 9 6 -9 7 .
5 ,8 1 3 ,0 0 0
8 9 5 .0 0 0
6 8 2 ,0 0 0
2 1 3 ,0 0 0

T o t a l.......................................................... 9 ,1 0 0 ,0 0 0
In b a le s o t 3 0 0 lb s....................................... 9 ,3 0 8 .0 0 0
S to ck In E u ro p 'n porta, b a le s 5 0 0 lbs. 8 5 5 ,0 0 0
S to ck a t E u r o p ’ n m ills, b ales 5 0 0 lb s.
5 4 9 ,0 0 0

7 ,6 0 3 ,0 0 0
7 ,3 8 3 .0 0 0
6 9 1 ,0 0 0
2 2 8 ,0 0 0

IM P O RT S O C T O B E R

8 ,7 9 5 ,0 0 0
8 ,7 0 2 ,0 0 0
* 9 6 ,0 0 0
2 1 4 ,0 0 0

T o ta l, In b ales S O O l b a ..................1 0 ,7 1 2 ,0 0 0 9 ,4 1 2 ,0 0 0 8 .3 0 2 .0 0 0
C o n s u m p tio n ,5 2 w e e k s .................
8 .2 1 6 ,0 0 0 8 ,0 0 8 ,0 0 0 7 ,5 9 2 .0 0 0
Stook a t p o rts and m ills Sept. 3 0 .......... 2 ,4 9 6 ,0 0 0
O f w h ich a t th e m ills......................
5 4 9 ,0 0 0

1 ,4 0 4 ,0 0 0
5 4 9 .0 0 0

7 1 0 .0 0 0
2 1 4 ,0 0 0

L e a v in g a t the p o rts, b a le s o f 5 0 0 lbs. 1 ,9 4 7 ,0 0 0

8 5 5 ,0 0 0

4 9 6 .0 0 0

On the bases of these estimates the combined stocks
at ports and mills in Europe at the close of tho sea­
son of 1898-99 will be 2,496,000 bales of 500 lbs. each,
or an increase of 1,092,000 bales over September 30
1898 and a gain of 1,786,000 bales over 1897.
L IS T IN G S O F
SEW

NEW

S E C U R H IE S

ON

W O R K .S T O C K E X C H A N G E I N

THE
1898.

The character and sizeof the listings on the New
York Stock Exchange during the year 1898 were deter­
mined in large measure by five special circumstances,
namely: (1) The war; (2) certain extraordinary re­
funding operations; (3) the conclusion of two reor­
ganizations of the first magnitude; (4) the first step
in the merging of several leading railroads; (5) a re­
vival of the popularity and demand for great indus­
trial consolidations.
First of these, the war, led to tho issuance and list­
ingof more than 189 millionsof Governments percent
bonds; that event went far towards producing the re­
markable result attained, viz : a total, listing of bonds
for the year in excess of 700 millions and in excess too
of all previous records. Except, moreover, for this
one item, the aggregateof loans representing n ew cap­
ital would have been by far tlie smallest of any twelve
months in our fourteen-year compilation; without
that the total would have reached only 56. millions,
contrasting with 81 millions, the previous smallest
record, and with 261 millions, the largest figure
ever reached in a single year. The war consequently
worked both ways. Tt produced the large Govern­
ment loan, but it so contracted enterprise that,
though the beginning and the ending of the year
were bright, there was little inclination dur­
ing the greater part of the twelve mouths to attempt
the floating of bonds on or for new undertakings.
The three circumstances next mentioned united to
swell to enormous proportions tho total of securities
issued and listed iu exchange for old securities, (a)The
refunding operations in progress during the year were
accompanied by the listing in the aggregate of over
91 millions of refunding bonds by the following five
companies: Lake Shore, Northerp Pacific, New
York Central, Rock Island and North West. In­
cluded in this large total are 25£ millions of New
York Central 3}s and about 48 millions of Rock
Island Is.

162

THE CHRONICLE.

But besides these five cases there has been
effected, or well begun, during the year the refund­
ing of various other issues of bonds whose disap­
pearance from the market is important as raising to
the position of first liens, or substantially suoh, loans
to an immense aggregate that would otherwise re­
main a second mortgage. The following table brings
together the more important of these: |
-— Prior loant outitan'Vg Jan. 1.—. Refund, loan Jan.
Company
TtiU.
1896.
1899,
Total listed.
iM hunn 9
.AsAO.fd notes.___ SiO.109.000 a$l,500,000 Gen.48.$12»,071,000
32,998,000
D i S ^ Hia Or. Jlst raor^ “ a.
. . . . . <38<M0 61.934.503 4sA t*s 32.998.000
Or. RR. A Nav__1st mort. Ah............. 3,428,000 cl,202,000 Con. 4s. iu.031,000
None. 1st 5s. 2,500,000
In<L W . A L ...... Dividend bonds—
1,757,600
d390,000 Gen.3tfs. 3,308.000
Brie A Pitts.........Old 7s...................... 2,011,0 K)
C80.000 Consols 17,907,000
Ch. St. k A N. 0.7s A Os.................... lUUHLOOO
f2 48,703 Consols 4,731,000
Long lal. RR...... Old 7s......................
300
Stock Issued.
None.
Great Northern. .Ool. trust............... 15,000,000
1, ^
1900.
A. These are the Chicago A St. Louis. 6s due In 1915. U. Due
u UO Nov.
»•*«
v*
C. Dua in 1909. bnt being called for the sinking fund; on Jan. 30, 1898, only
|A9i 000 remained outstanding. D. Due Oct. 1. 1900. E. Due Dec. 1, 1907.
fT D u e In 1918.

The 15 millions of Great Northern 4s were replaced
by an issue of the company’s capital stock. In all the
other cases here included the interest of the trans­
action attaches, as we have said, not to the manner of
the refunding, or to the amount refunded, but to the
effect occasioned by it on the company’s remaining
issues of bouds.
(b) The total of securities issued in exchange, was
also swelled through the New York Central’s acqui­
sition of practically all the shares of the Lake Shore
and Michigan Central roads in exchange for its own
34 per cent bonds of two issues.
In place of the nearly 69 millions of stock which
these companies had in the hands of the public a year
ago, there are now only about 74 millions, the balance
being represented by about 108 millions of bonds.
Three other mergers, or partial mergers, should be
mentioned in connection with the foregoing. The
Erie RR. Company has acquired the major part of
the $26,000,000 stock of the N. Y . Susquehanna &
Western in exchange for its own stock.
The Sus­
quehanna shares have consequently been stricken from
the list and the Erie shares increased.
Similarly, also, the New York New Haven
& Hartford has acquired nearly the entire capital
stock of the New England RR., the latter property
having disappeared from the list, where its shares
when known as the New York & New England were
once such a feature. The Illinois Central has com­
pleted its purchase on extremely favorable terms
of the lines of the old St. Louis Alton & Terre Haute
and Chesapeake Ohio & Southwestern systems, and
also of the Cedar Ealls & Minnesota road, and has
issued and listed on account of the same about 27
millions in bonds.
Through these various virtual
consolidations, independent companies with an aggre­
gate length of road in excess of 4,500 miles have gone
under the absolute control of existing large trunk
lines. The Great Northern has in progress the ex­
change of the 20 millions of 6 per cent guaranteed
stock of the leased Manitoba road for 25 millions
of its own stock, and one of the la3t acts of the year
by the Listing Committee of the Stock Exchange was
to authorize the listing on Jan. 3 1899 of the new
shares in so far as distributed. It may be added that
yeaterday there remained only about $765,040 of the
Manitoba company’s stock outstanding.
The two reorganizations which have affected the
list most conspicuously during the year were the
Union Pacific, which afforded 61 millions of common
and 75 millions of preferred stock and 90 millions of
first mortgage 4s, and the Chicago Terminal Transfer,
which added $13,000,000 commoa and $17,000,000 of
preferred stock and $13,000,000 of first mortgage 4s.

[V ol . Lxvm.

The last-named company was successor of the old
Chicago & Northern Pacific.
The great industrial consolidations, though one of
the characteristics of the closing months of the year,
must, for lack of space, be dismissed with only a few
words. As a matter of fact, however, the accession
of the new industrial companies to the regular list of
the Exchange has not been at all general.
The Fed­
eral Steel Company has created and listed nearly one
hundred millions in new stock, but for the most part
this replaced the well-known shares of the Illinois
Steel and Minnesota Iron companies and the stock of
the Elgin Joliet & Eastern Railway.
A more nearly
complete addition to the material for investment or
speculation, as the case may be, is seen in the listing
of the common and preferred shares of the Glucose
Sugar Refining and the International Paper com­
panies, each of these companies having supplied in
the aggregate more than 364 millions of new stock.
The other industrials of the first importance, if we
may omit the 7 millions stock of the Knickerbocker
Ice Co. of Chicago, have made their debut princi­
pally on the unlisted department, where the following
new issues were being dealt in on Jan. 1, 1899 :
Company.
Common. Preferred. I
Company.
Common. Preferred.
Amer. M alting...$13,750,000 *12,500,000 Am . Steel A W ..$12,000,000 $12,000,000
National Biscuit 29,000,000 23,000,000 |Stand. Dis. A D.. 16,000,000 8,000,000

Below are our usual tables, giving at much length
the facts as to the year’ s listings. The first table
gives the totals of the various classes of securities
listed for each of the last fourteen years.
L ISTIN G S O N N E W T O R K S T * C K E X C H A N G E .

B on d s.

New issues.

1 8 9 8 * ................. * 2 4 5 ,2 1 9 ,4 8 0

Old issues
Replacing
newly listed. old securities.

Total.

* 2 6 ,2 4 3 ,0 0 0 * 4 2 8 ,6 0 2 ,2 0 0 * 7 0 0 ,0 6 4 ,6 8 0

1 8 9 7 ...................

8 7 ,7 2 0 ,5 0 2

1 5 ,7 1 3 ,5 0 0

2 5 3 ,9 8 1 ,9 0 0

3 5 7 ,4 1 5 ,9 0 2

1 8 9 6 ...................

1 4 7 ,3 4 3 ,7 0 0

7 ,6 2 6 ,0 0 0

4 2 7 ,3 1 7 ,0 0 0

5 8 2 ,2 8 6 ,7 0 0

1 8 9 5 ...................

1 6 6 ,5 2 6 .3 0 0

1 5 ,5 8 7 ,0 0 0

7 5 ,1 6 2 ,1 0 0

2 5 7 ,2 7 5 ,4 0 0

1 8 9 1 ...................

1 8 4 ,7 8 5 ,0 0 0

3 2 ,2 3 7 ,6 0 0

9 2 ,7 8 2 ,0 0 0

3 0 9 ,8 0 4 ,6 0 0

1 S 9 3 ...................

1 3 9 ,2 7 2 ,0 0 0

4 2 ,1 7 8 ,0 0 0

1 0 7 ,3 5 3 ,4 0 0

2 8 8 ,8 0 3 ,4 0 0

1 8 9 2 ...................

1 7 5 ,1 2 5 ,6 0 0

1 2 ,3 5 2 ,0 0 0

1 3 0 ,3 8 3 ,9 0 0

3 1 7 ,8 6 1 ,5 0 0

1 8 9 1 ...................

1 9 1 ,3 9 7 ,7 0 0

1 6 ,1 8 7 ,0 0 0

8 0 ,0 6 1 ,0 0 0

2 8 7 ,6 4 5 ,7 0 0

1 8 9 0 ...................

1 9 8 ,1 5 8 ,8 5 0

1 05 ,2 0 4 ,2 7 9

3 8 1 ,5 0 4 ,7 5 0

6 8 4 ,8 6 7 ,8 7 9

1 8 8 9 ...................

2 0 6 ,8 6 4 ,0 0 0

6 ,0 5 0 ,0 0 0

1 7 6 ,8 0 6 ,0 0 0

3 8 9 ,7 2 0 ,0 0 0

S to ck s.
1 8 9 8 ...................

* 6 9 ,7 5 4 ,1 3 0

1 8 9 7 ...................

5 3 ,2 7 5 ,6 7 1

1 8 9 6 ...................

7 6 ,5 7 3 ,5 7 2

1 8 9 5 ...................

7 7 ,1 3 2 ,5 0 0

1 8 9 4 ...................

$ 5 2 ,6 4 6 ,6 0 0 * 1 0 5 ,7 5 3 ,2 6 6 * 5 2 8 ,1 5 3 ,9 9 6
2 4 ,3 6 9 ,9 0 0

4 2 5 ,3 2 9 ,3 2 0

5 0 2 ,9 7 4 ,8 9 1

5 1 4 ,1 5 8 ,6 4 3

5 9 0 ,7 3 2 ,2 1 5

3 5 ,3 8 5 ,2 0 0

3 0 ,8 5 8 ,2 7 0

1 4 3 ,3 7 3 ,9 7 0

3 6 ,6 1 6 ,2 5 3

4 ,? 0 0 ,0 0 0

2 0 9 ,7 7 6 ,7 5 0

2 5 1 ,1 9 3 ,0 0 3

1 8 9 3 ...................

9 3 ,7 4 4 ,1 6 1

4 8 ,8 7 4 ,0 0 0

5 5 ,6 2 7 ,1 0 0

1 8 9 2 ...................

9 9 ,9 0 5 ,9 0 0

4 8 ,3 6 4 ,8 5 0

8 8 ,7 6 5 ,3 5 5

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

1 9 8 ,2 4 5 ,2 6 1
2 3 7 ,0 3 6 ,1 0 5

1 8 9 1 ...................

9 6 ,5 4 0 ,7 5 4

1 ,6 5 0,00 0

9 0 ,7 2 4 ,2 0 0

1 8 8 ,9 1 4 ,9 5 4

1 8 9 0 ...................

1 6 1 ,4 6 1 ,7 2 9

1 0,4 9 0 ,7 4 7

2 6 3 ,0 3 9 ,8 5 4

4 3 7 ,9 9 2 ,3 3 0

1 8 8 9 ...................

6 9 .7 2 1 ,7 1 7

9 ,9 3 6 .0 0 0

1 7 9 .9 5 2 ,0 5 7

2 5 9 ,6 4 9 ,7 7 4

The second table includes all the railroad bonds
listed in the year, as follows:
L IST IN G S O F R A IL R O A D

C o m p a n y a n d title o f lo a n —

BO N D S.

A m o u n t.

P u r p o s e o f issu e.

Atoll. Top. & Santa Fe gen. 4 s ... $ LI ,011,000. .Ex.fund. note 6s., etc.
Do.
do.
do.
2,710,500. . Improvements.
Buffalo Koch. & Pitts, deb. 6s___
1 ,0 0 0 ,0 0 0 SFloating debt, equip£ ment and constrn.
Ceutrai Branch Un. Pao. 1st 4s..
2,5 0,000. -Reorganiz ition.
Clies. <fe Ohio gen. 4 ^ 8 .................. 5 1,500,000. .. Improvements.
I 424,000. ..Equip, notes, etc.
Do.
1st consol. 5s..........
2.267.000 . For 6s due July 1, ’98.
Chic. Mil. & St.'Paul gen. 4 s....... 5 1,925,000. .For prior bonds.
X 634,000 For improvements.
Ohio. & North West. gen. 3*as___
7.133.000 .. Exch.for old 6s,7s&8«.
Ohio. Ind. & Louisv. r e fg 5s......
268,000. .Issued for new prop’ ty.
Ohio. R. I. & Pao. gen. 4 s............. 47,971,000. .Exch. for old bonds.
Ohio. St. P. M. & O. conso’. 6 s ....
347,000. . Exoh. for und’ l’g b’ds.
Chic. & West Ind. gen. 6s............
216,000 .Improvements.

THE CHRONICLE,

J a n u a r y 38, 18 89.j
C o m p a n y a n d till a o r io a n .—

A m ou n t.

163

C o m p a n y a n d title o f lo a n —

P u rp ote o f issue.

d m o im L

Columbus (O.) Gas 1st 5 s ...... . .
O h io . T erm . T ra n s fe r 1st 4 e ...........

1 3 ,0 0 0 .0 0 0 { ^ r o p r /e t o r T l S S r e r t !

C le v e . 4 P itt*, g e n d igs. ...............
C o lo r a d o M id la n d 1st, 2 - 3 - t a ___
D o.
do.
1st 4 a .................
D e n v e r 4 R to G ra n d e c o n s. 4 1* . .
D o.
do.
eon s. 4 a . . .
D u lu th 4 I r o n R a n g e 1 st 3 s .........

7 1 ,0 0 0 ..I m p ro v e m e n ts .
6 ,2 5 0 , 0 0 0 , E x o .fo r o ld secu ritie s.
1 ,0 1 1 ,0 0 0 ..E i e . f o r o ld s e cu ritie s.
4 ,3 4 8 ,0 0 0 ..T o retire o ld 7a.
1 8 5 ,0 0 0 ..F o r o ld b on d s.
4 0 2 ,0 0 0 .. Iss u ed f o r im p 'ta .

D o-

do.

2 d 6 s ..........

1 , 0 0 0 ,0 0 0 j ^ m p r o v e 'm ^ n t e .' ^

E. R y . o f M in n . I s t s , N or. D lv , 4s
E lg in J o ], A E ast. 1 st 5 s ...............
E rie 4 P itts g en . g’ l 'd 3 % s ...........
F lin t 4 P e re M arti-, 1st eo n s . 5 s ..

5 ,0 0 0 ,0 1 0 ..E x t e n s io n .
7 ,4 1 7 ,'K IO ,O ld b o n d s j n s t lis t e d .
3 ,3 6 8 ,0 0 0 -. E x . f o r o ld b o n d s , e t c .
5 0 0 ,0 0 0 ..F lo a t.d e b t and im p 't s

H o a s . E . 4 W . r. 1st 5s o f 1 0 3 3 ..

( R e o r g a n is a tio n
$ 2 ,2 ,7 0 0 ,0 0 0 }
L12.000; f o r I m 'p t s .
I e tc., 8 5 8 8 ,0 0 0 .

n ila o ls C en tra l B R —
C hic. St. L it N O. 5s o f 1 9 5 1 ..
2 9 ,0 0 0 .. E x oh. fo r a n d 'l 'g b 'd s .
D o.
do.
3 % s o f 1 9 5 1 ..
l,3 3 U ,O O O ..E x cb . t o r o ld 7s.
L o u is v ille D lv . 4 T erm . 3>ss o f ) 1 0 ,7 3 3 .0 0 0 T o red. o ld > e o a r itl»s .
1 9 5 3 ............................................ 5
3 ,5 8 8 .0 0 0 .. F o r lm p ro v e tn ’ ts, e tc.
St. L D l v .4 T e r m .3 s ...................
4 .9 3 9 .0 0 ) ..F t iu d ln g o f ren ta l d u e.
D o.
do.
...............
8 ,3 2 1 .0 0 0 P e r o l d f i L L A . 4 T IT.
S prin g field D iv is io n , 1 st 3 ) * s ,
2 ,0 0 0 ,0 0 0 ..E x c h . f o r o ld l e t 6*.
“ W e ste rn L in e s " 1 st 4 s ...........
1 ,8 7 5 ,0 0 0 ..C e d a r F a lls 4 M in. R B .
In d . 111. 4 Towa 1st (r.-f'u g i 5 s
2 ,5 0 0 ,0 0 0 .. T o retire o ld b o n d s.
In t. 4 G k N orth ern 3 d 4 s .............
7 ,0 0 0 ..E x c h a n g e .
I o w a C en tra l 1st 5 s ................. .........
2 5 0 ,0 0 0 ,.N e w eq u ip m e n t.
K a n . C ity P iu s . 4 G u lf 1st 5 s
2 ,8 7 2 ,0 0 0 ..E xtends an d Im p ’ta.
L i k e E rie 4 W estern 2 d 5 * ...........
1 ,0 2 5 .0 0 0 ..I m p r o v e m e n ts .
L a k e S h o re A M. S o .3 »* s o f 1 997.
5 ,7 3 3 ,0 0 0 .. R e T e 7 p . c. b on d s.
,
. . .. .
.
< 5 8 * , 0 0 3 ,T o re tire o ld b au d s.
L e h ig h 4 H u d son R iv e r G en, 5 » .
j 1 7 8 .0 v 0 T o pay flo a t ln g d e b k
L e h ig h V al. M o r t 4 C o l. T r. 5 s . ..
L o n g Isla n d R R . I s t o o n * ,4 p .o . ..
M o x . C en t. E q u ip . & C o i. 3 s ..........
H e x . In ter. 1st c o n s o l. 4 s . . . . . . . .
M id lan d T e rm . R y. 1 st 5 s ___ . . .
M obile 4 O h io ce ll. 4 s . . . . ..........
M o b ile 4 O h io (M on t, D lv .) 1st 3s

5 ,0 0 0 ,0 0 0 .N e w p ro p , a n d lm p t ’ s .
1 ,1 1 1 ,0 0 0 . E x ch a n g e d f o r l s t 7 * .
9 5 0 ,0 0 0 ..P u ro h . o f e q u ip m e n t.
4 ,8 3 5 ,0 0 0 ..E s o h . fo r o ld 1 st 4s.
6 0 0 .0 0 0 .. I m p r o v e m e n ts.
9 8 , 5 0 0 ..Im p r o v e m e n ts.
4 ,0 0 0 ,0 0 0 M oa t g o a e r y D lv .

Kaahvtlte C h a t A HU L i s t c o n .5 ,

\

A i i t B y.

v r c s n t on
1 QU-T I 2 5 ,5 8 2 ,0 0 0 .. I o r re fu n d in g b o n d s.
N. T . C. 4 H. B .K K .d * * a o r 1 99 7 J 2 ,0 1 9 ,0 0 > , F o r u .c s o f R R C o.
3t#s, sec b y L a k e S h ore s to c k .
SMS, s e c. b y M ich . C ent, stock .
N o r fo lk 4 W est. 1 st c o n s, 4 s . . . .
N o rth e rn P a cific p r i o r lien 4 a ....

9 0 ,3 3 3 ,0 0 0 ..F o r L a k e S h ore s to c k ,
1 8 ,2 9 7 ,0 0 1 , F o r M ich . C ent, sto ck .
1 1 9 ,7 0 0 . F or old b o n d s.
( 4 8 9 3 / 0 0 , F o r old b on d s.
}1 ,5 0 0 ,0 0 0 F o r n ew p r o p e r t y .

O rh goo B R . <k N » v , <9on«ol. 4 l . . .
O r e g o n fthort L ina In com e B * ,..
U tah A N orth ern 1st 7 a -.* ........
P a n a m a B B - 1 s t a. f, 4**«
....
Bt* U I. M.
B o. 2 d T s .o x t a t 5 . .
8 t L . d c Ban F ran. (8 . W , D ir .)

1 ,4 1 9 ,0 0 0 ..F o r o ld houda.
8 2 3 .0 0 0 . F o r o ld M * u n d er p lan .
3 ,9 6 4 ,0 0 0 O ld b on d * Jnst
2 ,0 0 0 ,0 0 0 .F o r b o n d * d u e O c t '9 7 .
0 ,0 0 0 ,0 0 > .. E x t 5 0 j r u la gold .
),
J A cq a la 'n o f fo rm e r Cen*

^ g n a V .3 v 0,tm n p t\ f i-9 ^ t l 9 ^ 7 " 5 ».* 0 0 ,O O O ..O M b on,Is “ s ta m p e d ”
D o . 1 st c o n ., gu ar. 5 «, u o s t’ d
,. o .
S onth. R y . 1 st c o n s o l. 5 s o f 1 99 4
M em . D , 1 st 4 s, 4 M s4 5 * o f '9 8
S p o k a n e Falla 4 N orth ern l s t 6 s .
T e x . 4 P ao. l .t c o n s o L 5 s . . . . . . .
O n , P . l e t VC 4 (g»nd G r s n t 4a..
W ash. C ent, l e t t « ............... — . . .
W e st. V lr. C an. 4 Pitta. 1st 6 s . .

8 1 3 ,0 0 1 .. D n d e rly 'g b o n d , 4 im p .
( 5 8 7 , 0 0 0 , R e s t , t e r m tr » c k s ,e t c .
j 3 1 0 ,0 0 0 .. F or o ld soou ritie*.
3 .0 8 3 ,0 0 3 . R eorg. M. 4 C . R R .
2 , 8 l 2 . 0 0 0 , 0 l d b o u d s ju s t listed .
1 6 7 ,0 0 0 R ed eem «oh. r d loa n .
9 0 ,0 0 0 ,0 0 0 ..R e o rg 'n o f o ld o o m p ’ y.
1.5 3 8 .0 X L . R e o rg a n is a tio n ,
2 5 0 ,0 0 0 .I m p r o v e m e n ts .

feu. T o t a l ........................................... f 1 5 8 ,9 9 5 ,2 0 0
T he

r a ilr o a d

a p p r o x im a te ly

b u ild in g
3 ,0 0 0

fo r

m ile s ,

th e
th e

L a rgest

1 8 9 3 , a n d y e t t h e a b o v e t a b le , a s id e fr o m
in b o n d ? is s u e d b y th e
c o iu tr a c te d
a m ou n ts o f
toa d a on

th e

lin e

to

M o b ile & O h io

lis t

to

to ta l

to

s in c e

f o u r m illio n s

on

M o n tg o m e ry , a n d a

o t h e r is 3 u e a , t h e r e

its

r e c e n t ly -

fe w

s m a lle r

a re as y e t s c a r c e ly a n y

rep resea t

th e

la te ly c o m p le te d

m ile a g e .
T h e fo llo w in g e m b ra ce s th e

lis tin g s

of

stre e t

r a il­

w a y a n d m is c e lla n e o u s lo a n s :
i.ISTIXOi o r STREET HAI1.WAT ROMPS.
C o m p a n y anti title o f lo a n —
A m ou nt.
P u rp ose o f issue,
• r o o k . (jn .0 o . 4 3 u b . eon s. 5a g i n . 8 2 ,2 5 5 ,0 0 0 ..O ld b inda Just listed .
• ro o k . R ap, T ra n , g o ld 5a o f 1915.
2 2 7 .0 0 ) .I m p r o v e m e n ts , e tc.
I P a ym en t o f o b lig a tio n s
assu m ed u p o n no
M ilw a u k ee E tectrlo B y . 4 L ig h t
j oiilsltlort o f M llw ’ kee
C o n so l. 5s ................................ ........
0 03 ,00 0 1
St. B y., p u rc h a se o f
I M ilw a u k ee A r c L ig h t
I C o, an d lm p r o v e m ’ ta.
U nion E le v . B R (C h ic.) 1st 5 a . . .
T o ta l.

...........

° cS.- 5^. o.7 n<m-cumSiucCkb S : \ 2,610,000$ Old issue just listed.
Detroit City Gas 3s....................... 4^13,000..Exoh. for old bonds.
CProperty of oonstituInternational Paper 1st oons.6s $8,408,000 ) ont companies and
C underlying bo id s .
Knickerbocker toe 1st 5s of > „ n„ n nnn c New property and 1mPacific Coast 1st 5s..................... 4,446,000 { Eimpt!facuritiefe reS° “
People’s Gas L. 4 Coke R erg 5s
2,500,000 -Ref. Ch. Eleo. Fuel Bds •
Mutual Fuel Gas 1st 5s, guar.. 5,000,000,.Purchase of plant,
Rooh. 4 Pitts. Coal 4 Iron 5s___ 1,100,000..Helvetiapyop'y.
0. S. Mort. 4 Trust Co. Col, Tr. . 6,000,000..Real estate loans.
U. 8. Govt. 3s o f 1893.................. 189.097,480.. War loan.
Total...................................... $237,672,480

The Adama Express 100 per cent dividend in bonds
and the consolidated 63 of the great paper company
are the items here especially worthy of notice.
Finally are given railroad and miscellaneous stocks.
LISTINGS OF SAILROAD STOCKS.
C o m p a n y a n d cla ss o f s to ck —

Chlo. Burl. 4 Quin., common..
Chic. 4 East. HI. pref...............

3 1 2 .0 0 0 { ^

‘^

‘ “ " h o u U ,e t o !

...... * * ..6 3 ,3 9 7 .0 9 0

UiTrttfO* OF KI#OKf,LA»fcOr* BOHD9.
Oomp tn y
title o f l o a n —
A m ou n t.
P u rp o se o f issue.
A fU im E «p r e s s C oll, T n m 4 a ... 6 1 2 ,9 0 9 ,0 0 0 .. 100 p e r ea u t d iv id e n d .
B r o o k Ira U nion G »# een sot. 5* .
1 5 8 ,0 0 0

A m ount.

D o.
4. p. 0. d e b ., Int. In *orip.
D o . 5 p .o. p r e f. A .d lv . In s crip
D o. 4 p . c. p r e f. B .......... . . . . . .
C hlo., In d . 4 L on s., p r e f .............
Ohio. MU. 4 St. P aul p r e fe r r e d .
D o.
d o.
o o m in o n ..
C hlo. 4 N orth w est, o o m n io n ___
D o.
do.
p r e f .............
Chlo. R. I. 4 P ile., c o m m o n . . .
Ohio. T e rm . T r a n s fe r R R . oom ..
D o.
do,
p r e f.
C ol. M id. - V ot. T r. ce r t, fo r p re f.
C o t M id —V ot. T r. c e r t f o r co n n
E rie R R —V o tin g tru st oertlflo a te s f o r 1 * t p r e f e r r e d .............
E rie R R ,—V o tin g tru s t ce r tifi­
c a t e s f o r c o m m o n ........................
G r e a t N o r t h e r n ....................
m . C en tra l R R c o m m o n . . . . . . .
I o w a C e n tra l R y . c o m m o n . . . . ..
D o.
do.
p r e f e r r e d .......
K an*. CUy P itta A G u lf, o o m ___
Pitta. F t W . 4 C .—G u a r. » p . st’ k.
N. V . N. H . A

0L R R c o m m o n .

Klo G ran d e W e s t , p r e f . . ..............
S t L ou is 4 S an F ran, c o m m o n .
S ou th ern
R y .— V o tin g
tru s t
ce r tifica te s f o r p r e f e r r e d . . . . .
O n io n P a c ific R R ro m m o n . . . .
D o.
do.
p re fe rr e d . . .

P u r p o se o f issue.

2,070,700.-Exoh. for convert, b'ds.
1 nnn nno j$ luiD'ts
and pay’
ivooo.ooo
trustnote*
; t of car
I Exoli. for G. 3t. P. & K.

C h ica g o G r e a t W e ste rn c o m ___

$ 7 , 6 0 0 1 1 C. bonds.
8 ,0 0 0
)

9,000 VExchange.
44,910.S
1,116,250. Improvements.
2,227,500..Exo. for ooavort. b’ds.
705.439.. Exchange.
29 917#
29 000 ( l**u®d In exohange.
3,844,000 .Stock dividend.
13.000. 000 j Exoh. for certificates of
17.000. 000 i proprietary Interest.
4.779,800 Exchanged for old se­
3,420,200' curities under plan.
13,410,900 Exchanged for N. Y.
Sus. 4 Western stoic.
10,856,400
( T o retire 4s o f 1 8 9 2 ,
$ 1 6 ,0 0 0 ,0 0 0 ; o r f o r
S e a t 4 M ou. s to c k ,
$ 1 0 ,0 0 0 ,0 0 0 .
2 .5 0 0 .0 0 0 . .I m p ro v e m e n ts .
2 4 ,6 0 0 ) Iss u e d u n d e r r e o r g a n .

25,000,000

102,300}

Izatlou plan.

6 3 0 .0 0 0 .
3 3 5 .2 0 5 ..

.1 m p ro v e m e n t* .
1mp. d n r. ca l. yr. 1 89 8 .

4
672
4.0,

000 S
E * a,>
2.000
j-

fl>r
N* wL A
E nN.
g .Stock.
aml ah

2 0 0 / 0 0 . .D lv . oti c o m m o n steak.
1 3 .0 0 0 ..F o r S t L K . 4 S .W .b ’ ds,

2,990,800, Aco. pur. of M.& O.Ry
75*,000/00 \ EeorgnuUation Ac.

Total......................................,$216,632,121
LHJTfNO* OF STREET RAILWAT STOCKS.
C om p a n y a n d etas* o f sto rk —

A m o u n t.

Twin CUjr R kpld Transit 7 p. o. )
5
cumulative, preferred*............
bird Ave. BR (New York) c o m .,

yea r a m ou n ted

P u r p o s e o f issue.

40,000.. Improvements.

Union Elsv. RB.,(Chicago)oomnion

P u r p o s e o f issue.

nnn ( Part payment of guarD/ / »u w \ antood 6 p. c. otfa.

2,000,00) \
5,000,000. .Old stock Just listed.

Total............................................ $7,577,000
nrsTums

of miscellankoos stocks .

C om p a n y a n d rla ss o f stork —

Amor. Spirit# Htg., com m on .......
DO
do, p r e f ...............
American Tohaooo Co., com m on ,
Do.
do.
pref........ .
Brunswick Dock AIm ph Co., com.
Chase National Bonk, co m m o n ,.
Oolumbua (Ohio) Gas, co m m o n ,.
Oolumbas A (look. Coal 4 I r o n .,
Consolidated Gas Co., co m m o n ..

A m ou n t.

P u r p o se o f Issu e.

$56,780 )
i 4 ,l a o 5 “ * «“ U"*e3,100.000 . Improvements,
2,065,060
5.000.
0 0 0 , Exoh. under plan.
500,000,Inc. of capital stock.
71,900,E rten, and improve’ ta.
4.700.000, Gx. for old securities.
1 r.rvt non 5 Extensions, meeting
1,500,000} maturing bonds, etc.

Con»ol. K»-is. City 8 .4 Ref.,pref. 1,128.671 ,1 m irovem euts.
Detroit City Gas, common............ 2,9 44 .3 0 0 ,Exoh. for old stock.
Edison Eleo. III. Co. of N. Y., com. 1,08.3,200,Improvements.
Eastern Elevator Co., c o m m o n ,. 1,000,000,Old stookjust listed.
Erie Telegraph 4 Telephone, oom.
2 0 0,000, Improvements.
a ,,i
,,,,
t 46,000,000,Exchanged for old see.
reu. steel Lo.. pref............... } «,767,600 To syndloate for cash.
_____ __
} 37,000,' 0 0 , Exoh«aged for old sco.
common................ } 9 ,494 ,300 , To syndloate for cash.
General Electric, common............ 18,276,000) Entire reduoed oaplp r e f ....................

2 ,5 5 1 ,2 0 0 }

tal s to c k .

Glucose Sugar Refin., com m on,*
p r e f..........
Internalloual Paper, c o m m o n ,,
p ret............

24,027,300) Purchase of properties
12,019,3' 0 } and working capital.
16,040,000( Property of oonstltu20,530,700 ( ent oompanle*.

K n ic k e rb o ck e r fo e , c o m m o n ..........

4 .0 0 0 ,0 0 0 £ O r ig m .l ca p ita l and to

n r e f............... 3,00o,000S aoqulre miw prop.
Mergenttmler Linotype, co nmon. 10,000,000,Old stookjust listed.

THE CHRONICLE.

1«4
Company and t l a n o f itock—

Amount.

P u rpote o f latut.
^ E n tir e ca p ita l s to ck

N e w Central Coal, oouinion..........

$1,000,000 | re,lu.from $5,000,00o

Pacific Const, 1st pf.. n. c. 5 p. c . .
2d pt n c 4 o. c ..
Commou ................

1,515,500 ) Exchanged for Oregon
3,914,400'■ Improvement seeur6,809,600 ) ities under plan.

\ 827' ° ° ° l
reoelpt»!°
Pullman’s Palace Car................... 18,000,000.,50 p.c. stock dividend.
U. B. Rubber, common................... 3.500.000 > On account inircb . Bos.
p ,ef ........................ 4,125,000 < Rub. Shoe Co. stock.
.
W est. E l. A M fg ., a ssen tin g s to c k .

< A c co u n t p u roh a se
5 9 0 ,9 0 0 ; w a lk e r C o.

ol

Total.........................................$273,941,775

The issues in the above not already mentioned
but deserving more than passing notice, aro (1) the
new Pullman shares, 18 millions in amount; (2)
the 74 millions of Rubber stock used in the purchase
of the Boston Rubber company, subject to bonds to
the amount of $5,000,000; (3) the Merganthaler
Linotype, $10,000,000, and (4) the 12 millions or more
of stock of the reorganized Oregon Improvement
Company, now the successful Pacific Coast Company.
B U S I N E S S I N E N G L A N D I N 1898.
[Communicated by onr London Correspondent.]
L ondon, January 14,

[ VoI n LXA/D1.

countries, the struggle of the nationalties in AustriaHungary, the unrest in the Balkin Peninsula, the
troubles in Crete, the Spanish-American war, the dis­
putes of the Powers respecting China, and lastly the
strained relations between this coumry and Prance,
which lasted throughout the whole year, weighed
upon every department of business.
The differences
with France had reference to disputed questions re­
specting the Newfoundland shore, West Africa, the
Nile Valley, Madagascar, Siam and China.
But the
gravest of all appeared to be the position taken by
the French officials in West Africa.
Our Govern­
ment contended that these officials had invaded dis­
tricts which were placed by treaty under British pro­
tection and at one time grave fear3 were entertained
that hostilities might ensue.
Luckily the questions
at issue in West Africa were settled.
But scarcely
were they so when the appearance of the Marchand
expedition at Fashoda brought a still graver question
to the front. Thus the financial difficulties of so
many of our customers were aggravated by political
anxieties and our foreign trade suffered in conse­
quence.
It will be seen from the figures given above that
the value of the imports into this country for the
whole twelve-months exceeded the value of the ex­
ports (not including £60,619,000 re-exports of foreign
goods) in round figures by 237£ millions sterling. It
is the largest excess ever known, and it has in some
superficial minds excited apprehension lest the country
is living to some extent upon its capital. As a matter
of fact, the excess of the imports over the exports
does not represent capital, at all events does not to
any material extent, but is the result partly of our
prosperity and to some extent of the fears that are
felt abroad. The Board of Trade returns give only
the declared values of our exports when they are
being put on board at the place of shipment. There­
fore they do not include freight, insurance, com­
missions and the like; while the value of the imports
shows the declared values at the place of landing,
and consequently includes freight, insurance and
commission.
This alone accounts for a large part of
the excess of the imports. During the past year there
was a rise in freights of from 30 per cent t.o 50 per
cent, due mainly, no doubt, to the war between the
United States and Spain, which for so considerable a time

1899.
The trad§ of the United Kingdom has been better
during 1898 than perhaps in any previous year of our
history. The Board of Trade returns of imports and
exports do not at first sight bear out this statement,
but a little examination will show that there is noth­
ing inconsistent between the figures of the Board of
Trade and the statement itself. The value of the ex­
ports of British and Irish produce and manufactures
for the whole twelve-months amounted to £233,391,000, being a decrease compared with the preceding
twelve months of £829,000, or 0’35 per cent. On the
other hand, the value of the imports amounted to the
enormous total of £470,604,000, being an increase
over the preceding year of £19,575,000 or 4’34 per
cent.
The falling off in the exports seems to show at
first sight that this country is being beaten in the
competition for the foreign markets of the world.
But in reality there is nothing to prove that this is so.
The falling off follows in the first place from the
small purchases by the United States of British and
Irish produce and manufactures, which, it need
hardly be pointed out, is largely the result of the
Dinglev tariff. In the second place, the falling off is
due to the poverty of so many of our foreign cus­
tomers. India has just passed through a severe
famine, and although happily last year the crops in
that country -were good, the people were not immedi­
ately able to recover from the severe privations they
had passed through. Moreover, during the early
months of the year there was extreme^stringency in
the Indian money market. And, lastly, the country
was tried by plague. As the year drew to its close
there was gratifying evidence that India was begin­
ning to recover from the losses she had suffered.
Very considerable orders have of late been placed in
this country, and particularly in Lancashire, on
Indian account, and there is every reason to hope
that if the growing crops are good the imports of
India will increase rapidly in the immediate future.
In the same way both Australia and Argentina suffered
severely from locusts and drought in 1896, with the
result that immense quantities of food had to be im­
ported, especially into Australasia, and consequently
our exports to both countries fell off.
Over and above these things the financial difficul­
ties of Spain, Portugal, Italy, Greece and other

withdrew so large an amount of American and Spanish
shipping from trade. Thus, if we add not only the ordinary
freights, insurance and commission, but the increased
rates last year, it will be seen at once that the value of the
exports was immensely larger than they appear to have
been from the Board of Trade returns Furthermore, the
Trade returns do not give the coal which is shipped either
for consumption on board or to serve as ballast. That again
diminishes very considerably the apparent excess of our
imports.
Beyond this, it will be recollected that the war between
the United States and Spain, having withdrawn so much
shipping from trade, gave rise to a very great demand for
shipping, not so much for the trade between this country
and other countries as for the commerce between other
countries. An unusually large amount of British tonnage
has been chartered during the year to ply between other
ports of the world, not returning to a British port, and this
has increased enormously the earnings of our ships during
the twelve-months Moreover, this country has invest­
ments in almost every part of the world, and the investments
are usually remitted in other forms than in cash. Conse­
quently almost the whole of what we received in the shape
of interest, dividends, pro6ts, and so on, appears in some
form in the imports, and goes to swell them enormously.
But it need hardly be added that these do not have to be

January

28, 1899,]

THE

C H R O N IC L E .

165

paid for, and do not mean, therefore, that we are living large addition to the tonnage which is only being built,
and which will not be finished, in many cases, for two
upon our capital.
Moreover, the great prosperity of the United States and years yet.
the improved condition of Argentina added considerably to Broadly speaking, the ships turned out in the past year are
our receipts last year under the head of profits, dividends of the very newest type and of the greatest capacity. All
ind interest. Lastly, very large sums were remitted to this British ship-owners are vieing with one another to get the
-country by other countries, for one reason or another. In most perfect kind of vessel, and in many instances ships
the great majority of the cases I am n iw referring to, the that were built only a very few years ago and were then
money was not remitted because it was owned here, but supposed to be marvels of marine engineering skill are now
for safe-keeping or for the purpose of making payments being rejected as unsuited to the time, and are being sold
later on. For example, during the past year and a-half to foreigners, more particularly to the Scandinavian coun­
China borrowed about eight millions sterling in Germany tries. Our ship-builders, besides being busy for the great
and as much more here at home. The amount borrowed in trading ship-owners of this and other countries did a large
Germany had to be remitted to the Bank of England, amount of work for our own and foreign governments, and
where it was paid over as part of the indemnity due from the British Government itself built four battleships, one
China to Japan. A small portion of the sum, no doubt, has first-class cruiser, two third-class cruisers and two sloops,
been sent out to Japan, and another portion, doubtless,has with a total measurement of 73,090 tons, costing altogether
been paid in the United States and elsewhere for ships and €4.575,120. There are other cruisers practically ready but
munitions of war. But the great bulk of the money lias not actually launched.
Largely, no doubt, owing to the activity of ship-building,
been retained here or has been paid out here for orders
olaced previously. Again, the Russian Government bor­ the iron and steel trades have been extraordinarily prosper­
rowed during the same year and a-half from 20 to 24 mil­ ous. The production of pig-iron, to take a single example
lions sterling in Germany. Far the greater part of this increased throughout the year, and yet the consumptiom
amount was remitted gradually to Paris and to London, increased so much more rapidly that at the end there was a
reduction in the stocks held. What is stiil
and the remittances on account of these loans, as well as on considerable
0
account of the Chinese loans, appeared in some form in our more remarkable, while this was going on there was but a
imports. It may be added that Germany, between the be­ slight rise in the price of pig-iron warrants. As a natural
ginning of September and the end of December, had to consequence there has been an increased import of pig-iron,
re-pay very considerable sums which had been borrowed not only from Spain and Sweden, but from the United States
here previously. And furthermore it is worthy of notice as well. And yet. to the wonder of everybody, the rise in
that all through the year French investors have been buy­ prices has been trifling. An earnest effort is being made to
ing largely in this country, mainly for the purpose of secur­ increase still further the production of pig-iron. But in the
ing their capital. Even daring the West African negotia­ trade generally it is doubted very much whether, while the
tions and the Fashoda incident the purchases were on a consumption is growing so rapidly and is likely to continue
very large scale, and all these went to swell our imports. to grow for some time yet, production can be proportion­
As a matter of fact, then, the unusual magnitude of our ately augmented. That the great prosperity of the United
imports proves that never before lias the country been do States, the contemplated increase in the army and navy,
ing so well, and never before have our neighbors in Europe and so on, will very soon raise iron and steel prices in
had greater confidence in the stability of our institutions the United State . is assumed as certain here. And there is
much anxiety, therefore, lest prices at home may rise so
and the soundness of our investments.
Bat perhaps the best evidence of the wonderful pros­ rapidly and so seriously as to affect the iron and steel trades
perity of our trade last year is furnished by the ship-build­ generally. During the past year they have been wonder­
ing returns. The total tonnage constructed amounted to fully active here; indeed they have been very active all over
1,539,125 tons, against no more than 1,222,821 ton* in the the world. At the present time all manufacturers are so
year before, showing an increase of 338,304 tons in a single busy the orders are passing them by and going in consider­
year. It may be worth while adding that out of the im able numbers to the United States.
Some months ago one of the largest Indian railway com­
mense total only 17 vessels were sailers,with a total tonnage
of barely 4,232 tons; while as many as 744 mercantile panies tried to place orders for locomotives and rolling
steamers were turned out, with a total tonnage of 1,383,818 stock in this country and found that no firm of any standing
tons. Speaking broadly about one-third of the total tonnage would undertake to complete and deliver in less than two
was built in Scotland and about two-thirds in England and years. The company could not wait so long and the orders,
Ireland. Ship-building is becoming a very important in­ therefore, went to the United States. Since then ot her
dustry in Belfast. Elsewhere in Ireland it Is a trifling Indian and Colonial railway companies have had the same
matter. In the actual returns Belfast does not appear to experience, and a couple of weeks ago one of the greatest of
have done quite as much as she really did, because one im the English railway companies—the Midland—iiad to place
mense vessel of about 17,000 tons built for the White Star orders in the United States which could not be executed in
Line, though practically finished, was not actually launched time at home. There is every certainty, therefore, assum­
at the end of the year. Even leaving out this immense ing that there are no great strikes, and nothing entirely un­
ship, two yards at Belfast constructed more shipping than foreseen happens, that the present activity will go on for
any single yard on the Clyde, and what is still more curious some years yet. But if there should be increased activity
one or two English yards turned out more tonnage individ­ in the United States so that the States should be able to
ually than any single yard on the Clyde. But the Clyde consume its own production, the question is being asked
still holds the first place by far if we take the tonnage in here, with some anxiety, what will happen? Will prices
the aggregate.
rise so that manufacturers will he unable to execute their or­
The great majority of the ships was built for British ders except at very serious loss ? That there lias not been
owners, but a large number was constructed for foreign a very marked rise already is puzzling most people. The ex­
countries and for the Colonies. In consequence of the great planation generally given is that certain great firms have
ship-building strike in 1897, business, upon the Clyde more the control of the market, and so far have been successful
particularly, was practically suspended for months together. preventing a rise. If the explanation be true, it seems cer­
Tbe output in 1897, therefore, was very much smaller than tain that the rise must come before very long.
it would have been if everything had gone smoothly. Con­ Naturally the unprecedented activity of the iron and steel
sequently much of the work done during the year just trades has made the coal trade almost equally prosperous.
closed was really only making up for the loss of time in the For a considerable time the strike in South Wales had a
previous 12 months, owing to the great strike. But orders bad effect on our trade. But happily the strike has now
came in at the same time on an unusual scale in 1898, and been long over and the industry is as active as it well
everything seems to indicate at present that the activity of can be.
the new year will be at least as great as that of its Im­ The other great industries call for little comment. As
mediate predecessor. Every three months during 1898 the the Board of Trade returns show there has not been very
amount o f tonnage under construction showed a marked much demand abroad for our goods. But the home de­
gain on the preceding three months, so that in spite of the mand has been excellent, and in spite of complaints here
enormous increase in shipping actually launched, there is a and there there is scarcely a single important industry

166

THE

C H R O N IC L E .

[V o l

L X Y IU ,

■ which has not (lone u faily good business; while most have er’s advance upon Khartoum was being actively prepared.
done an exceptionally large and profitable one. In the It looked as if there was an understanding between Russia,
flax trade there is some complaint of dulness, and the France and German hostile to this country; that the United
manufacturers of linen likewise complain that they are States would not interfere ; and that the keeping open of
still suffering from the effects of the Dingley tariff, while the trade for the rest of the world with China would devolve
in the woolen trade a devolpment is making itself evident upon the British Empire alone. Then came the crisis in the
which is deserving of some notice American purchases of long dispute with France respecting West Africa. Certain
Yorkshire woolens have continued to decline, thevalue of positions were seized by the French which, in the opinion
the total exports to the United States having fallen off of our authorities, were undoubtedly British, and for a little
about 2I4 millions sterling. But on the other hand, as in so while there was serious danger of a collision. That was hap'
many other cases, the home demand has increased, and in pily averted, and an arrangement was arrived at. But the
spite of all the grumbling there has been fairly good enr Fashoda incident quickly sprang up, once more to threaten
ployment. There has been a distinct revival in the demand our relations with France. Major Marchand was with­
for bright fabrics—more particularly new and hand­ drawn. But the French Government declined to open ne­
some fancy cloths made from mohair and alpaca—witli gotiations respecting the other points at issue between the
the result that all in this branch of the industry have two countries—the French-Newfoundland shore, Madagas­
been fully and profitably employed. In the cotton trade car, Siam and China. Above all, even while withdrawing
there is at the close of the year a decidedly more hopeful Major Marchand, France refused to recognize our position
feeling. The total imports amounted to 4,393,000 bales of in the Nile Valley.
an average weight of 507 lbs. per bale—the largest quantity Thus to the very end of the year political anxieties con«
landed in one year in this country ; 393,000 bales have been tinued, the investing public held aloof from the market,
exported, leaving (after allowing for increased stocks) promoters recognized that the time for bringing out great
3,457,000 for home consumption. The handling here of this, loan., and companies was inopportune, and business stag­
the largest quantity of cotton in the history of the trade, nated upon the Stock Exchange. The examination of Mr.
has been accomplished with the smallest variations in Hooley added to the discouragement of company promoters.
value recorded for many years, showing that the trade is Mr. Hooley a few years ago was in business in a small way
thoroughly sound, and the final result both to importers and in a midland town. Suddenly lie blossomed forth as a large
to merchants is that the year has been admittedly fairly promoter of bicycle companies. In that business he made
a very large fortune, and then he went in for grandiose
prosperous.
The agricultural classes shared in the general prosperity. schemes involving millions of money. His career lasted
Since 1870, indeed, there lias not been so good a year or one altogether only a couple of years, and early in 1898 he had
that favored farmers so much in every way. The fall of to declare himself bankrupt. At his first examination he
1897 was exceptionally mild and dry, so that farmers were made sensational charges against a great number of per­
able to prepare their lands in the most satisfactory way and sons, many of them noblemen who had hitherto been re­
to get in their autumnal crops under the most favorable garded as men of high character. The effect of these charges
conditions. The spring of 1898 was equally satisfactory. was to disincline the public for the moment to have any­
The summer was unusually hot. Consequently there have thing to do with new issues. If it were really true, as Mr.
been exceptionally large crops gathered, under the best of Hooley alleged, that a number of noblemen who had been
conditions. The hay crop was larger than for many years. supposed to be men of honor had sold themselves to that
The average yield of wheat, according to the Government gentleman to serve as directors upon his companies, how
returns, was 33% bushels per acre, and the estimated aver­ could the public trust any board or know who was acting in
age for barley was as high as 35% bushels. In the case of a bona fide way ?
wheat, over three counties the estimated yield was as high Never perhaps in years of prosperity in trade and con­
as 37)4 bushels, while in the Southwestern counties, where fidence in the money market have so few new issues
the lowest average yield was returned, the estimate was as been brought out. And rarely has there been so little in­
high as 30% bushels, comparing with 20% bushels in 1897 vestment upon the Stock Exchange. Speculation, too, has
and 20% bushels, the average for the ten years ended De­ been singularly absent and dull. There has been, of course,
cember last. Even, therefore, the lowest average for any a certain amount of speculation in American securities, but
part of England last year was higher than the average for it has been very largely confined to members of the Stock
the whole[of England for the ten years ended last month, Exchange and professional operators. The great public has
and was considerably higher than the average for 1897. done little. Outside of the American department there has
The price, it is true, fell, but even now the average price of practically been no speculation at all. And the same may
wheat is decidedly higher than it was a few years ago, be said generally of the European bourses.
while the prices both of oats and barley are also very much In Paris business has been practically paralyzed by the
higher.
Dreyfus affair, by the dread of a military coup d’etat, and
Upon thejwhole, the farmers have done exceedingly well, by the fear of a collision with this country. Moreover, the
and the quality of all kinds of grain is as satisfactory as the new Bourse regulations have prohibited the outside market
quantity. There are some complaints in the case of the from dealing in the great majority of securities, and the
pastoral industry that the competition of the United States inside or recognized market does not give very much facil­
and4of the Australasian colonies, as well as of Argentina, ity to speculators. The Paris Bourse, moreover, has suf­
by means of the enormous imports of fresh meat, is forcing fered considerably from the Spanish reverses. French
down prices and making the future less encouraging. But investments in Spain are generally estimated at about 160
in spite of those complaints the pastoral industry is doing millions sterling, or 800 million dollars. And in the present
well. ^ Food of all kinds for cattle is plentiful and cheap, condition of Spain nobody can foresee what may happen or
the weather is open and mild, and though prices are not as how much lower that country may sink. Furthermore,
good as they were twelve months since, they are very much Franoe has invested largely in Austria-Hungary, and the
more [satisfactory than they were a few years ago. The struggle of the nationalities there makes it doubtful whether
truth is that the general prosperity of the country is so her investments will prove at all profitable. Lastly, the
great that4the consumption of all kinds of agricultural pro­ position in the Balkan Peninsula and of Turkey generally is
duce is increasing week by week, and in spite of the im­ not favorable to the French Bourse and the French banks.
mense in>"^ts of not only grain but food stuffs of every Germany ever since August has been passing through the
kind, price, . ‘ ’ >t decline as they did a little while ago.
early stages of a crisis. The money market has been ex­
Upon the ,.
Exchange the year has been uneventful tremely stringent and German operators have had all they
and disappoint,.
it began with high hopes. Trade even could do to maintain the home market.
thenj was advanc, - at great strides, and it looked as if all Thus political apprehension, the disturbed state of so
causes of serious strife had been removed. Very soon, how­ great a part of the world, and the pecuniary difficulties
ever,. Russian progress in China alarmed the public here, of the several Continental bourses, have all combined to
and.there was; an outcry because Lord Salisbury had not impress upon the London market the extreme necessity for
prevented the acquisition by that country of Port Arthur caution.
and Talienwan. At the same the rising on the northwest
The money market has been decidedly much more active
frontier oftIndia was still unsuppressed, and Lord Kitchen­ than the stock market, and has seen much greater changes.

January

28 1869.)

THE

C H R O N IC L E .

167

Meanwhile the value of money has been decidedly higher
The discount rate of the Bank of England was at the begin­
ning of the year 3 per cent. The shipment of considerable throughout the year than for a considerable time past. The
amounts of gold to New York before the war with Spain be­ average Bank of England rate has been 3J4% against
gan caused the Bank to raise its rate to 1 per cent in April. £3 12s. 10d.? in the year before. The average open market
In consequence a large amount of gold was seat into the rate has been £3 13s. id.? against £116s. 8d.? the year before.
Bank, and at the end of May the rate was reduced to 3 And the average rate allowed on deposits at notice by dis­
percent. A little later it went down to 3 per cent and at count bouses has been £1 19s. 3d.£ against £1 9s. 0d,£ the year
the end of June to '2% per cent. Very soon, however, it before.
The imports of gold have been on a large scale—£43,731,became plain that the Directors of the Bank of England
had acted too precipitately. Trade in Germany had been 620, according to the Board of Trade returns, and the ex­
exceedingly active and prosperous for some years and specu­ ports have amounted to £36,590,030. There appears to be
lation had become wild. There was a great manufacture thus an excess of imports over exports of £7,131,570. From
of industrial companies and the securities of these compa­ South Africa alone over Hv'l millions sterling were, received,
nies were run to very high quotations. The best opinion is nearly 4'., millions sterling from France, not much under
that, speaking broadly, the industrial companies are sound, 4 millions sterling from Germany, over a million and a-half
that they will continue to pay good dividends, and that in sterling from Holland, and nearly a million and a-lialf sterl­
millions sterling from
the end no serious loss will fall upon Germany. But prices ing from China, and almost
have been run too high, and as there is no market for the Japan. But on the other hand large amounts were ex­
sale of these industrial securities abroad, the encumbered ported, nearly 11 millions sterling to the United States,
speculators cannot relieve themselves in that way.
over 12>q millions sterling to Germany far the greater part
During the speculation very large sums were raised in Lon­ of which, however, went to Russia), over 3(7 millions sterl­
don and Paris. But about the beginning of September the ing to India, nearly 117 millions sterling to France and
London banks refused to discount any more of the numerous over £1,100,090 to Holland.
German bank acceptances whieh were then circulating in the The silver market fluctuated a good deal. The imports
market. The German banks U[K>n this were compelled to very slightly exceeded the exports: but the price varied
take up and pay off the acceptances. To do so as quickly as considerably. In the early part of the year the price was
was required they had to curtail the accommodation thev maintained at JO'jd for a considerable time by Indian
hatl previously been giving to their foreign customers, es­ buying. In March, however, the quotations fell to 25d. In
pecially those of Russia and the Scandinavian countries, and May Spain began to buy on a considerable scale and con­
these customers bad to apply for help to London. To a con­ tinued until November. The price rose to 38 5-16d., which
siderable extent, then, the money was ultimately supplied was the highest quotation of the year. Then the price
by London: for the foreign customers of the German dropped to 27(>jd., and it fluctuated during December be­
banks were in many cases unable to re-pay what they had tween 27*7d. and 27'qd.
obtained, without help from London. Still a considerable
The appended table, made up from the official statements
amount had to be remitted direct from Berlin to London. of the Bink of England, shows the position of the Bank as
Rates rose rapidly in Berlin and the French banks, which had regards bullion, reserve, etc., each week of the year.
already lent considerably to Germany, lent immense sums.
or
i s 1 8 9 8 .— 1 0 0 ,0 0 0 a o m i t t e d .)
The Imperial Back of Germany was forced to raise its rate
D e p o s it s .
V
S E C tra m e s
to 8 per cent, and the Bank of England advanced its rate
La
h i
t wO
to 3 per cent in September and to 1 per cent in October. 1898. r->3> a - 3
£§
b
0
£ 53
M
§
3
3
A
The latter rate has proved sufficient so far, partly because a
m
3
2
1*1
X %
I
5
a
42
a
great deal of money due to America has been left in London
for employment here and partly because it is under­
£
£
£
£
£
£
£
Pr.ot. P r.ot,
3 1,2
4 1.4
9,2
14,0
3 4,8
5 .. 2 i ,l
19,9
a3
2%
stood that a very considerable amount of help has been Jaii.
3 1,4
4 0,4
4* 1 2 .. 2 7,5
14,0
3 3 ,2
2 7 ,s
y.4
2 0,7
,0
32.1
11,4
21,9
3 8,8
14,0
3 2 .5
2 i«
given by American bankers to German bankers likewise. 4"4 21 09 .... 22 67 ,6
13,1
3 2 .5
3 7 ,5
3 1 ,9
2 2 ,8
2 1 3 ,,
But up to the very end of the year there was a certain Fel>. 2 . ‘2 6,9 3 2 ,9 14.4 3 5 ,7 14,0
14,0
3 1,4
22,8
s -y
2 6 .6
3 3 ,0
15,4
3
i,9
3
2
.3
“
9
.
14.0
2
3,2
2
\
amount of apprehension respecting the state of things in 44 16 2 6 ,4 3 3 .3 16,9 35,1 34 ,0 3 2 ,3 23,9
•23*
14.0
3 5 ,0
3 6 ,7
Germany.
- 2 3 - 2(1.3 3 4.0
18.6
24,5
2-h
3 3.8
is ,8
8 5 ,9
2 .. 2 7 ,0
11,0
2 7g
3 5 ,0
2 3.6
If it be really true, as has been estimated on good author­ M4ar.
3 3 ,0
18,7
3 5,3
2 6 ,7
3 5 .0
4 9
14,0
2 3,7
3
3 1 .3
2 6,4
19,0
3 6 .3
14,1
« 16
3 5,8
23.7
3
ity, that French money employed in Germany amounts to 44
3 l
l
3 5 ,0
14,2
3 5 .3
2 3 .. 1 2 6 .7
23,5
2 TS
something like 30 millions sterling, or 100 million dollars, it 44 3 0 .. 2 7 ,6 3 2,4 19,6 3 6 ,8 14,2 3 9 ,0 2 1 .0
3
3 0 ,0
13,2
12,1!
3 6,4
35,-1
2\
A p r. 6 . : 2 8 .5
18,3
54
is evident that it was in the power of the French banks to •* 13 2 7,8 2 9 ,4 12.0 3 5,9 13,2 3 , 1 »8,4
S 78
12,7
3 0 .3
1 3 .:
3 4.2
3 6 ,0
19,7
cause very serious tinancial trouble in Germany during No­ "44 2270 ., 22 77,4
,5 . 31,8
12,3
37,9
13,3
3 3,9
2 1 .0
31*16
vember and December. It is quite true, of course, that if Mii V 4 .. [ 2 7 ,8 3 3,7 11.5 35i,3 13,2 32,8 2 2,7
311,8
11.4
4 3 ,5
13,2
35.8
2 ‘ ,5
3 4 ,5
2 3.8
*
•
1
1
..
3
V
they had done so they would suiter themselves. But, sup­ " 18.. 2 7.1 36,1 11,9 |3.1 13,2 34.3 2 5,4
3%
3 ,4
13,2
3 3,6
2 6,5
c3H 2^9
posing there had been an insurrection in Paris, or an at­ •* 3 9 .. ( 27,4 3 7 ,2 12,0 412,1
13,3
7 ,7
3 7 ,0
a , <
32.0
2 6.0
(13
l 7a
tempt at a coup rl'elat, or had any of the numerous dangers Ju14n e 8l .,.. 227.4
10,9
3 3 ,0
14.5
13,3
3 2,6
2 7.3
1%
11,5
4
»,9
13,3
3 <t3
7.3
38,1
27.(3
l>a
that from time to time have seemed to hang over Paris actu­ 4444 2125.... 122 7,3
13,5
3 8 .5
14,(1
33,1
2 8,0
12.1
l 3*
ally occurred, the French banks might have been compelled •• 2 9 .. 2 8,3 3 8 ,5 10,1 45.4 13,5 32,8 27,1 « 2 ^ m
4 6,3
3 ,4
2 6,6
13,8
3 7.1
J u ly
2 5 ,3
8,1
l>a
to withdraw their money suddenly and a crisis might have •* 1 3 .. 29,1 3 0 ,3
4 s,9
13,8
7 ,3
3 .5
25,0
l= ,a
3 6 .2
13,8
7 ,5
47.3
3 3,9
2 5,2
1%
been brought about in Germany. Luckily, the French 44 22 07 .... 227.9
46,2
13.8
7.9
3 5 ,3
0,9
2 4,2
8 3 .4
1^
banks remained cool and the Bank of France contented it­ A ug. 3 . . 2 8.4 3 4,5
14.0
3 2,0
45,1
0.1
22,9
lk i
13,9
3 2 .0
0,(3
" 1 0. 28,1 ! 3 >.5
41,4
23,2
1=8
self with raising its rate of discount to 8}£ per cent.
42,4
13,8
7,8
'■ 17. 2 8 ,0 3 5 ,0
3 0,8
23,8
I f,
4 1,5
13,9
29.9
; 3 5 ,0
8,2
24,1
1%
In the very last week of the year, however, the Bank of 44 2 4 .. 227.7
7,9 1 3 5,0
9 ,3
13.4
3 9,9
3 0,3
•* 3 1 ..
23,8
1131n
France intimated to the great French banks that they had S ept.
3 9 .8
13,1
8 ,0
2 9 .6
2 1 ,0
7 .. 27.8 I 3 4 ,7
H i,«
4 0,2
13,4
3 4,0
3 .7
1 4 .. 27.4
2 9 ,6
2J5
1 8,6
better not bring to it for discount financial paper. Every­ 4•'4 21.
3 6 ,7
13,0
9 ,3
2 7,9
22,5
.. 27,1 ! 3 3 ,8
2=8
/3
12,4
3 7,8
3 0 ,8
9,3
20,1
where it was understood that this meant the French banks 44 2 9 .. 27,5 3 3 ,2
B>1,8
14,2
37,7
8,2
2W.1
2 0,4
3 1,7
2%
5 . 1 2 8,2
must withdrawn considerableamountof the money that they O ct.
12,9
2^,2
20,3
3 0,4
174
“ 1 2 .. 27,7 1 3 1,2
3=8
3 4,7
11.4
7.3
20,6
2 7,8
311,8
1 31,1
were then employing in Germany* and in Austria-IIungarv. 4444 21 60 .... 227.3
7.2
3 0,8
10,5
2 1,2
0.7
2 9 ,6
4
3 1,0
Rightly or wrongly, the Paris market jumped to the con­ H ov. 2 .. 2 7 ,0 ! 3 1 , m 3 .9 3 0 ,5 10,5 2 8 .4 21,1
3 Si
10,2
5 .9
3 4.8
2 6,0
2 1 ,5
44 9 .. 2 7.3 ; 32,0
3=s
clusion that the Bank of France bad arrived at the opinion ■* 1 6 .. 2 7 ,0 I 32,4
2 6,8
3 5 ,8
2 2,2
3=8
5,3
9.9
3 5,6
23,0
0,3
10,0
2 0,8
7,7 1 3 3 ,0
3=8
that the domestic difficulties were becoming more threaten­ 44 2 3 .. 22 7,2
29,4
10,4
21,8
6.2
37,7
44 3 0 .
[ 3 2 ,2
3=8
ing even than they looked to the rest of the world, and that a Dee. 7. 12 7,2 3 1 ,2
35,0
26,8
5 .9
2 0 ,8
1 1,1
3*4
3 5,4
2 7.2
5.8
10,9
2 0 ,8
1
3
1
.0
4
4
14.
20,9
31,6
war with England was not all improbable. The other 44 2 1 . 2 7,4 30,0
2 8.0
34,4
11,3
2 0,0
.. . 3=8
7,1
11,3
3 1 ,0
3 0 ,3
18,8
7,1
French banks immediately began to call in money from “ 2 8 . 2 7 ,3 | 29,3
3=18
Germany, and the. uneasiness in Paris grew to such a pitch
that deposits were withdrawn from several of the banks, it a O c l. I I, 1897. 6 A p ril 7 ,1 8 9 8 . e May 2 0. d J u n e 2. c J u n e 3 0 .
is said at the rate of two millions sterling a week. Hap­ / Bept, 2 2. <j O c t 13.
pily by this time money had begun to return from the in­ In the subjoined statement we show all the changes in the
terior to the Imperial Bank of Germany, and so far. there­ Bank of England rate in each year from 1890 to 1898, in­
fore, no adverse results have followed.
clusive.
b h o l a x d

j O ther, j

b a s k

THE

1 0 8

C H R O N IC L E .

In the table below we show the price of silver in London,
by months for 1896, 1897 and 1898.

BAKE OP ENGLAND RATE OP INTKRB8T.
iRate N um ber 1
! per o f «lays.

Year.

N um ber
o f days.

Year.

[V O L . L X V I I I ,

P R IC E O F S IL V E R F O R T H R E E

■

! 1893 (C on.) —
7 days
50 (lays A ug. 3 to A u g. 1 0 . 1
14 days
I4<1ay» A u g. 10 to A u g. 24
21
days
7 day* 4 ug. 2 4 to S ept. 14.
7 days
2 8 d a y » Sept. 14 to Sept. 21 |
14
days
7 day 8 8epc. 21 t o O et. 5 . 13 1*
87 days
7 0 day* |Out. 5 to D eo. 3 1 . 3
35 day*
Y ea r’ s a v e r a g e .... I 3*06 365 days
21 day*
35 day*
1894.
43 days
32 days
1 to Feb. 1. 3
27 day* Jan.
21 days
1 to F eb . 2 2 . ; 2i*
28 d a j s Feb.
312 days
Feb. 22 to D eo. 3 1 . j 2
Y e a r’s a v e ra g e ___ i 4*52 365 day*
Y e a r’s a v e ra g e — |2*11 365 days
1891.
I
7 day*
Jan.
1 to Jan . 8 5
1895.
14 d«y*
J an . 8 to J an . 22 4
365 days
1 to D eo. 3 1 . 2
7 day* Jan.
Jan . 2 2 to Jan . 29 3»*
1896.
77 ay*
J an . 29 to A p r. 16 3
254 d a y s
1 to Sept. 1 0 . J2
21 dayK Jan.
A pr. 16 to M ay 7 3**
14 d a ys
7 day* Sept. 1 0 to Sept. 2 4 , 2i*
M ay 7 to M ay 14. 4
28 d a ys
21 day* S e p t.2 4 to O ct. 2 2 .1 3
M ay 14 to J u n e 4 . 5
70 d a ys
14 day* |Oot. 22 to D o c . 3 1 . 4
J u n e 4 to Ju n e 18. 4
14 day*
J u n e 18 to J u ly 2 . 3
Y ea r’s a v e ra g e ___ 2*48 366 days
84 day*
J u ly 2 to Sept. 2 4. 2»*
35 day*
8ep t. 24 to Oct. 29 3
1897.
42 day* ..
O ct. 29 to Dec*. 10 4
2 0 days
o o rijtvp Jfttl* 1 to Jan. 2 1 . 4
D eo. 10 to Deo. 31 31*
13 days
Jan. 21 to F eb . 4 . 3i*
3
64 d a ys
■Feb.
4
to
A
p
r.
8
.
Y earJa a v era g e ___ 3*32 365 day*
3 5 days
A p r. 8 to M ay 13. 2 i*
1892.
133 days
May 13 to Sept. 23 2
21 day* Sept. 23 to Oet. 1 4. 2i*
J an . 1 to Jan. 21 3i*
21 days
77 days Oct. 1 4 to D ec. 3 1 . 3
Jan . 21 to A p r. 7. 3
7 9 days
A p r. 7 to A p r. 28 2i*
21 day*
A pr. 28 to Oot. 20. 2
175 d a rs
Y e a r’s a v e r a g e ... 2-79 3 6 5 days
7 2 days
O ok 2 0 to D eo 31. 3
1898.
Y e a r’s a v e r a g e ... 2*52;366 days Jan. 1 to A p r. 7 . 3
9 7 days
A p r. 7 to M a y 2 6. 4
49 days
1893.
26 day* M a y 2 6 to J u n e 2. 3i*
7 days
Jan. 1 to Jan . 26 3
98 day* June 2 to J u n e 3 0. 3
J an . 26 to M ay
4 2i*
28 days
7 my* J u n e 3 0 to S rpt. 2 2. 2i*
M ay 4 to May 11 3
84 days
7 da s Sept. 2 2 to O ct. 1 3. 3
21 days
M a y 11 t o M ay 1 8. 31*
21 days Oot. 13 t o D eo. 3 1 . 4
7 9 days
M a y 18 to June 8. 4
7 days i
June 8 t o J u n H l 5 . 3
49 ays 1 Y ea r’ s a v e ra g e ___ *•25 365 da vs
June 15 to Anir. 3. 2i*

H igh . L ow .
J a n .........
F e b ...........
M a rch ___
A p r il........
M a y ..........
J u n e ........
J u l y .........
A u g ..........
S e p t.........
O c t ...........
N o v ..........
D e c...........

£
48.
*
126,5jJan.
38
48.5 126,sjFeb. 25
48.7 123.2iMar. 25
48.0 123,0 April 29
49.1 120,9 May 27
49.6 124.6 June21
124,7 July
29
49,
*
49,9 125.4 A uk. 20
49,“ 184.4 8 e « 80
49.1 122.7 let. 28
45.6 121,9 N o v . 8 5
48.* 121. l)«C. 30

Gold. Silv’r Total
£
76,4
76 6
76,8
70,9
79,0
80,
00,8
81,5
79,7
78.4
78.0
78.1

£
49,1
49 4
49,1
48,9
49,1
49,3
49,1
49,0
48.5
48,3
48,4
48.2

1890.

£
125,5 Jan. 30
126,0 Feb. 27
125,9 Mar. 26
125,8 April 30
128.1 May 28
129.5 June 25
129,6 July 30
130,5 Aug. 27
128,2 Sept. 24
126,7 Oct. 29
127,0 Nov. 23
126.3 Dec. 31

£
77,4
78,2
78,3
78,1
79.9
81,8
82,7
82,7
79,8
77,5
77,3
76.6

£
49,5
49,8
49,9
49,7
50.3
50,3
50,2
50,2
49,8
49,2
49,3
49.1

P ig Iron.

£
126.9
128,0
128,2
127,8
130,1
132,1
132,9
182,9
129,6
120,7
126,0
125.7

Total.

1 89 8 ..................
1 8 9 7 ..................
1 890
......
1 895..................
1 8 9 4 ..................
1 893..................
1 892........................
1 89 1
......
1 8 9 0 ..................
1 8 8 9 ..................
1 8 8 8 ..................
1 88 7 ..................
1 88 6 ..................
1 88 5 ..................
1 88 4 ..................
1 88 3 ..................
1 88 2 ..................
1 88 1 ..................
1 88 0 ..................
1 879..................
1 878..................
1 877..................
1 87 0 ..................
1 8 7 5 ...................

2 7 a,6

d.
3 0 78
3 1 8 ,6
319,9
3 13 i„
31%
319,6
31%
3130
301,6
30

A ver.

d.
d.
30%
305g
3 0%
31
315 6
31%
3013,e 31 6
3015,f 3 1 1 ,6
3 1 3 ,„ 3 1 %
313s 3 1 7 ,e
303s 3O1610
30
30%
29%
30
29%
2915,#
2913,6 2916,s

319,6 2 9 %

30%

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

Y ea r’s E xpor ts.

T E X T IL E F A B R IC S .

1 898.

1897.

1 89 6 .

Q u a n t it ie s .

C o tto n y a r n ................lbs.
P ie c e g o o d s ........ yd s.
J u te y a r n ................... lbs.
P ie ce g o o d s ........ yds.
L in en y a r n ................. lbs.
P ie c e g o o d s ........ yd s.
W oolen y a r n ..............lbs.
W o o le n tis s u e s ........ yd s.
W o rs te d tis s u e s ___ yds.
V alu es.

C o tto n y a r n ......................
P ie c e g o o d s ...............
J u te y a r n ..........................
P ie ce g o o d s ...............
L in e n y a r n ........................
P ie ce g o o d s ...............
W o o le n y a r n .....................
W oolen fa b r ic s ................
W o rste d f a b r ic s ...............

FAILURES

2 4 6 ,7 2 0 ,3 0 0
5 ,2 1 6 ,i 9 I ,3 0 0
4 9 ,5 6 6 ,5 0 0
2 1 1 ,1 1 4 ,8 0 0
1 7 ,3 7 6 ,0 0 0
1 4 7 ,8 4 3 ,1 0 0
5 8 ,8 2 5 .8 0 0
4 6 ,3 5 7 ,2 0 0
9 5 ,4 6 2 ,3 0 0
£
8 ,9 2 1 ,4 2 7
4 7 ,9 1 8 ,6 3 8
4 6 8 ,3 7 2
1 ,7 9 5 ,3 8 6
8 8 5 ,9 6 5
3 ,2 2 0 ,3 0 5
4 ,6 7 0 ,8 9 8
4 ,8 9 5 ,1 9 V
5 ,7 2 4 ,6 7 6

BY

2 5 2 ,5 4 6 ,5 0 0
4 ,7 9 2 ,2 6 - ,6 0 0
5 1 ,8 7 8 ,6 0 0
2 3 3 .7 7 6 .3 0 0
1 8 ,3 6 5 ,9 0 0
1 6 4 ,5 8 3 ,4 0 0
5 7 , <75,4<>0
5 2 ,1 1 7 ,4 0 0
1 2 9 .6 6 7 .3 0 0
£
9 ,9 2 9 ,7 6 8
4 5 ,8 0 8 ,1 5 4
5 2 5 ,9 ■'l
2 ,1 0 2 ,1 0 1
9 7 6 ,0 4 2
3 ,5 2 2 ,6 7 2
4 ,7 3 9 ,9 8 7
5 ,3 8 9 ,5 6 0
7 ,4 9 1 ,3 5 5

BRANCHES

OF

2 4 6 .4 3 2 .5 0 0
5 ,2 1 8 ,2 4 8 ,6 0 0
3 7 .2 2 4 .3 0 0
2 5 7 ,1 4 6 ,2 0 0
1 8 .4 6 2 .3 0 0
1 7 4 ,2 0 8 ,0 0 0
6 2 ,2 3 8 ,7 0 0
6 0 ,2 4 7 ,0 0 0
1 3 6 .7 7 5 .5 0 0
£
1 0 .0 4 4 .6 7 0
5 1 .1 9 5 .6 7 0
3 7 8 ,3 5 6
2 ,2 6 9 ,6 9 2
1 ,0 4 0 ,9 3 9
3 ,7 6 4 ,8 8 9
5 ,6 5 4 ,8 3 0
6 ,2 7 5 ,6 3 7
8 ,3 5 7,51 8 -

TR A D E .

1

FAILURES BY BRANCHES OF BUSINESS.
Calendar Year.
Manufacturers.

1898.

1897.

No. Liabilities.
1

finery e
I’na o’rr
e
I
£
Chemicals, drugs & paints.
Printing and engraving...
Milling and bakers...........
Leather, shoes & harness
Liquors and tobacco........
Glass, earthenware & brick
All o t h e r .......................
Total manufacturing...
Iraders.
General s to r e s ................
Groceries, meats and fish
Hotels and restaurants... .
Liquors and tobacco........
Clothing and furnishing...
Dry goods and carpets......
Shoes, rubbers and trunks
Furniture and crockery...
Hardware, stoves & tools.
Drugs and paintB................
Jewelry and clocks.............
Books and papers.. ..........
Hats, furs aud gloves........
All other.............................

T otal com m ercial......
Banking.........................

The complete trade figures of Imports and exports into
EXPORTS AND IMPORTS.

1898.

1897.

1890.

*
2 3 3 ,3 9 1 ,0 0 0
6 0,6 1 9 .0 0 0

£
2 3 4 ,2 1 9 ,0 0 0
5 9,9 5 4 ,0 0 0

£
2 4 0 ,14 5 ,0 0 0
5 6,2 3 4 ,0 0 0

294 .01 0 .0 0 0

2 9 4 .1 7 3 .0 0 0

2 9 6 .3 7 9 .0 0 0

Total merchandise........

4 7 0 .6 0 4 .0 0 0

4 5 1 .0 2 9 .0 0 0

4 4 1 .8 0 9 .0 0 0

fix ooaa of Imp.over e x p ..

1 7 0 ,5 9 4 ,0 0 0

1 5 6 ,85 6 ,0 0 0

1 4 5 ,43 0 ,0 0 0

I m i ^o r t s .

2615,6 2913,6 2 3 %

H igh. L o w .

55 2.10M8G
210
7,280.380
40 6.428,700
2* 2,016,573
362 6,334.445
230 2.426,944
34
605.210
66 2,833,350
161 2,264,097
185 1,119,60
188 3,596,450
101 1,850,81*
76 1,400,080
764 17.369,546
2,415 67,544,361
1,505
2,414
349
936
743
545,
480
276
343
436
102
98
52
1,107

No. Liabilities. No.

189«.
Liab li ies

t
$
108 6.94%834
114 6.071,160
177 4,714,317
13p 6.75*,885'
39 1.491,860
85 8,304,198
59 9,800,* 16
07 2,049 3397,404,090
49S 16,314.6*2
388
209
?,4 8f.040
354
4,598,218
701.654
55
69
1,091.602
7*
102 2,853.11©
820,077
182 8,215,839
214 3.536.445
160 2,609,476
1*6 4 031,012
179 8,524,740
180 4,527,785151 4,686,440
168 8,280,323
71 1,985,20
80 2,05'.695
866 18,372,192 1,192 29,542,130
2,770 07.865.088 3,416 98,403,851

8,521,361 1,550 9,230,723 1,710 12,401,830
8.671.53i 2,250 7,731,460 1,395 10,8 0,193
2.S7P.338
428 2,818,705
387 3,190,199
8,580,966
942 5,113,006
976 6,427,8300,468,753
845 ?,'<13,520
901 11,790.981
7,099,669
075 10,'>62.4 40
818 18.730,^95
4,050,041
532 4,584.784
672 7.559,849
383 2,v8l,179
2,285,886
329 3,8*", 091
3.041.726
018 5 131,504
489 4.P23.343
1.826,759
517 2,383,381
671 3,121,052
1,927,396
213 2,70 ,043
294 3,000,276
079,118
156 1,201,091
164 l,o 11,090
1.495,629
006,004
77
6*
909,209
9,989,981 1,292 12,786,853 1,541 19,874, 20

Total trading................ 9.445 01,918,052 10,294 74,499.908 11,3 =>2 109,046,020326 11,200,486
Brokers and transporters.
28 L 11 907,0 5
818 18,580,368

and from Great Britain for three years are as follows:

Total exports..........

d.
d.
2 9 0 ,8 1 2 9 3 ,
2911,6 2911,6
ljS okj 2 8 l5ie
283,6 283a
271* 2 7 %
27%
278,6
263g 273s
23%
2 4 l5 lfl
23%
25 s8
2 5 9 ib 2b %
263a 2613,9
2 515,62613,9

Gold. Silv’r Total

E X P O R T S O F IR O N A N D S T E E D F R O M G R E A T B R IT A IN .

Home products..............
Re-ahipnient of Imports.

d.
2 9 i i ,e
2 9%
295a
2 8%
2 8 3 ,„
27%
27* 1,6
26%
2714
271*
27*e
27%

We take from Dun’s Review the following statement

Tha export* of iron and steel from Great Britain have been
as below each year since 1875. inclusive.

Exports.

1896.

H igh . L o w . A v e r.

A v e r.

d.
d.
2e38
2618
25 7s
25*8
25 **
25
2 5 i l ]6 2 5 5,8
25 % 266,9
2611,8 2 7 1 , 6
275,6
27
277,6
7%
2 8 5 ,. 2 7 H ,a 281,6
2
7
»
,e
'2
7 78
28%
285 a 271* 2716,8
2
7
7 ,,
2714
d.
2ti78
2614
2 6 i 19
2*
20%
'7 %
2 7 7e

Y e a r ........ 285,9 25

GOLD AND SILVER IN BANK OF FRANCE.—[0 0 ,0 0 0 s O m itted. J
,L
SilvT Total] 1897.

1897.

1898.
Sil v e r .

1890.
J a n . 1 to F eb. 20. 6
F eb. 2 0 to Mar. 0 5
Mar. 6 to Mar. 13- 4**
Mar. 13 to A p r. 10 I 4
A p r. 10 to A p r. 17. 3 1*
A p r. 1 7 t o J u u e 2 0 3
J u n e 26 to J u ly 31 4
J u ly 31 t o A ur . 21 5
A u g. 21 to Bept. 25 . |4
Sept. 25 to N ov. 7 . 6
N o t . 7 to D eo
4 . |6
D eo. 4 to D eo. 3 1. 5

The situation of the Bank of France as to its stock ot gold
and silver, aocording to the last returns of each month of
1896,1897 and 1898, was as follows, stated in pounds sterling.

YEARS.

12,18s 130,662,899 13,351 154,322,071 16,088 330,090.83
80 18,395,094
171 28.249,700
198 50,718,91

N o t e .— I r o n , w o o l e n s a n d c o t t o n s i n c l u d e a l l t h e b r a n c h e s o f t n o s e m a n u
(a c t u r e s ; m a c h in e r y I n c lu d e s im p le m e n ts a n d t o o l s ; lu m b e r I n c lu d e s s a w
p l a n in g . s a s h a n d d o o r m i l l s , c a r p e n t e r s a n d . j o o p e r s ; c l o t h i n g I n c l u d e s m i l l i n e r y
a n d fu r n is h in g s ; h a ts in c lu d e fu r s a n d g lo v e s ; c h e m ic a ls in c lu d e d r u g s , f e r t il i­
s e r s , p a in t s a n d o i l s ; p r in t in g a n d b o o k s i n c l u d e e n g r a v i n g a n d m a p s ; m i l l i n g
in c lu d e s b a k in g ; le a t h e r a n d s h o e s in c lu d e m a k e r s o f h a r n e s s , s a d d le r y , t r u n k s
*n d r u b b e r g o o d s ; liq u o r s in c lu d e t o b a c c o , w in e s , b r e w e r s a n d b e e r ; g la s s in ­
c lu d e s e a r th e n w a r e , p o t t e r y , b r ic k , lim e a n d c e m e n t ; g r o c e r ie s in c lu d e m e a ts
a n d fis h ; h o t e ls in c lu d e r e s t a u r a n t s ; d r y g o o d s in c lu d e c a r p e ts a n d c u r t a in s ;
fu r n it u r e in c l u d e s c r o c k e r y ; h a r d w a r e in c l u d e s s t o v e s a n d t o o l s ; a n d ie w e l r y
in c lu d e s c lo c k s a n d w a t c h e s . B r o k e r s in c lu d e a ll r e a l e s t a t e , n o t e , n s u r a c e
o r p r o d u c e d e a l e r s w h o s e m a i n b u s i n e s s i s u ot. t h e h a n d l i n g o f a c t u a l p r o d u o t a ,
w ith m o r t g a g e a u d o t h e r l o a n c o n c e r n s , a i l fr a n s p o r t e r s i n c i o i a i l l e v e e o t i n ­
c o r p o r a t e d r a ilw a y o o m p a n ie * .
U n d e r b a n k i n g a r e i n c l u d e d m o r 'g a g e , l o a n
a n d a ll s im ila r f id u c ia r y c o n c e r n s .

p to tu e ta v ig g©o m r a e r c t a l f l u g l i s T t f p w *
[F r o m o u r o w n c o r r e s p o n d e n t .]

L o n d o n , Saturday, January 14, 1899.
The publication of the Madagascar Blue Book on Satur­
day caused a good deal of excitement in Paris, aud for a day
or two afterwards the markets here were dull and sluggish

J a n u a r y 28, 1899,]

th e

; ^c

h r o n ic l e

.

Bat gradually tin French public isbdgianingtosse that in ac­ ion th at go ld m ay be taken b y N e w Y o r k on a considerable
cusing onr Government of a desire to force France into war scale, and if N e w Y o r k begins to take gold rates w ill rise
v e ry ra p id ly . It is possible too th a t gold m a y go to
they are altogether over-shooting the mark, and apparently here
G erm an y and to R ussia, w h ile it is th o u g h t p robable th a t
a more reasonable and more practicable spirit is growing up. some gold m ay go to India.
Some of the better French papers are endeavoring to con­ T h e position in In dia jo s t n ow is becom ing v e ry in terest­
vince Frenchmen that a war with the British Empire would ing, and m ay have a considerable influence on th eE aro n ean
oney m arkets. On W ednesday the In dia Conncil offered
mean the loss of all the foreign possessions of France, and m
fo r tender 60 lacs o f rupees, and the applications exceeded
that therefore it is the part of wise men to come without 727 lacs. The w hole am oaut offered was sold a t prices a v e r ­
agin g about is. -4 :;-33d. fo r bills and Is. 4}gd. fo r telegrap h ic
further delay to a reasonable settlement.
The resignation of M. Qnesnay de Beaurepaire and the transfers. It w ill be seen th a t fo r tw o w eeks in succession
applications h ave been over tw elve tim es the am ount
charges brought by Mm against his late colleagues likewise the
offered by the C oun cil. F rom th is it is evident th a t the
made a very bad impression in the city as well as upon the exch an ge banks are extrem ely anxious to supply them selves
Continent. Bat it seems clear now that the resignation has w ith cash fo r the exp o rtin g season ju s t now beginning, and
a t they are v e ry la rgely dependent fo r th a t purpose upon
entirely missed its mark, and that the ex judge ha3 simply th
the India Conncil.
mined himself. A very much better feeling has sprung up T h e b elief here am ongst the best-inform ed is th a t the In ­
in Paris respecting home politics as well as foreign. It is dian m oney-m arket w ill not be as stringent, as it w as last
coming to be thonght t hat the Reactionaries have exercised all y ear and the yea r before, m ain ly because the G overm ent is
m uch better in funds and has n eith er fam ine nor w ar to
their machinations; that the Dreyfus inquiry will be carried stru
g gle against, and the G overn m en t is keeping v e r y large
calmly to its conclusion: and that before very long revision balances
w ith the Presidency banks. B u t the rate of discount
will be ordered. In short, the hope Is entertained by the both in B om bay aud B en gal is n ow 7 per cent, and it w ill a l­
more enlightened and more far-seeing people in France that most ce rta in ly before long rise to 8 per cent. T he Presidency
banks, even though fn lly backed by the G overnm ent, cannot
at last the Military Party is very near a complete defeat.
accom m odate exporters fn lly . B a t how are th e E xchange
As a consequence of all this, the withdrawal of deposits banks to g e t o u t fun ds if th e y cann ot sell silv e r fre e ly ? O f
from the French savings banka and from some of the other coarse the India C on ncil can in crease its sales as it pleases,
banks, which was exciting a good deal of apprehension a week and indeed it is suggested th at the C oun cil should sell for the
purpose o f a ccu m u la tin g go ld in London ; in other w ords,
ago, has come to an end and the calling home of French th
a t it shonld accum u late h alf a m illion or a m illion sterlin g
money from Germany is likewise being stopped. The im­ in gold, and keep the am o u n t ear-m arked fo r its e lf in the
pression is now gaining ground that the Bank of France is B an k of E ngland.
satisfied with the effect it has made, that it will interpose no A nother suggestion is th a t the C oun cil should refuse to sell
fresh obstacles, and moreover that it will not raise its rate more Umn it requires and should thus com pel the ba n k s
eith er to pay in gold to th e cred it o f the C o u n cil in L on don
of discount above 3£.
In Germany the stringency in the money market con­ or else to send o a t gold to India. A th ird proposal is th at
tinues, as is nataral seeing that while money is returning old should be sent d irect fro m A u s tra lia to India, an d in
from the interior to the Imperial Bank, yet the French act it is reported this w ee k th a t ab ou t h a lf a m illio n s te r l­
banks are calling home from Germany considerable sams. in g is so being sent. It w ill be seen th a t India m ay e x e rcise
For all that the Imperial Bank is gaining strength. The im­ a very considerable influence upon onr m oney m a rk e t b efo re
pression both in Germany and in London and Paris is that long.
the Imperial Bank will not have to keep its rate at
much T h e following return shows the position of the Bank of
England, the Bank rate of discount, the prioe of oonsois,
longer, and that the worst of the stringency is over.
three years:
In Belgium, on the other hand, it looks as if a difficult time to., compared with the lastISOS.
1898,
1897.
1898,
was setting in. In Belgium, as m Germany, trade has been
Jtm, U .
Jan. It.
Jan. 19.
Jan. 16.
exceedingly good for a considerable time past and specula­ O l r c u U U l O Q . . . . - ..........., ......................... 1 7 . 7 i l . 4 t 0 2 7 .6 0 2 .3 9 0 2 0 ,0 0 4 ,0 0 5 8 5 ,7 8 0 ,0 0 0
tion baa run rampant; entirely too many electrical companies H a b i l e d a t w x i t * ......................
7,«S O .70O
0 .8 9 1 . 4 49
0 .9 0 2 ,7 3 9
8 6 2 0 .9 7 0
4 1 .5 1 3 .8 3 3 4 Q .fr70.457 4 6 .0 * 2 .6 9 5 6 2 .8 0 1 .8 6 0
have been created as well as other industrial companies; and (io tohr ee rr adc eape onet i U ................................
15.192.0Sfi
14.023,080
11,986,117 14,08^.656
prices have been run up too high. The State Bank keeps its
............................. a t.iX 0 .7 0 7
83.1tf9,fi:>2
2 8 ,*98.208 27,020.719
20,G & 8,W H
2 0 ,« 8 4 . 7
2 0 ,6 6 9 ,3 7 7 8 7 .0 7 2 .7 0 3
rate of discount at 8jf; but the rate of discount in the open OR tf tX*a« Ar v eb aoUf knmo t,eW# eJ ni dd * cPo*i rnt ..........
3 1 3 8 7 .9 6 8
8 6 .6 9 4 ,2 8 2 40,C «62 .7»3
market is from
to 3-7/jf, and it is feared that rates will H , r e * * > r r e t a i l a b t H U e e .rpa- c' Ut . 150,9*0,408
40H
4 1 7 -1 0
0014
.p e r c e n t .
4
5
4
2
rise considerably more, fa fact, the action of the Bank of OBoanneko rl*». if« *...................
p e r c a n t .....................
tlo *
112 11-10
1 1 1 1 1 -1 0
107W
France, which is supposed to have been directed against the a i i r e r . ...................................................... 2 7 6 - l f d . 2 0 1 1 -1 0 0 . 2 9 U - l « d . 3 0 5 4 0 .
t
t
t
a
r
t
n
t
f
U
o
o
«
*
r
e
t
o
r
a
*
...............
1
5
4
,4
5
8
,0
0
0
144.0O3.OOU
ls
r
7
.8
1
6
.0
0
0
1
2
8
,2
9 9 ,0 0 0
lending of large sums in Germany, has had a much greater
effect in Belgium, and threatens to cause a good deal of The rates fo r m oney h ave been as fo llo w s :
trouble there.
Interest allowed
O fx n Market Rale*.
In spite of ail, however, there Is a clear recovery in the
1"
69
Paris market. Confidence is reviving, there is much more
Dia't W
Trade BUI*.
inclination to buy, ami in fact French operators have been
Stock At 7 -1 4
purchasing South African mining shares on a very consider­
4
8 Month*. 4 Month*. 0 Month*. 3 Mo*. 4 Mo*. Hank* Call
able scale In Loudon daring the past three days.
4
8 16-10403
8 7*10
sq
3*
Early in the week there was an Inclination here to think D * c , ZMl 4
a*
4 16.10483
3*
2*
3H
**
that speculation in New York was being carried too far. *• 80 4 $ I-104WV4
2*4
3
2*
2«
UK
3«
Everybody recognizee how wonderfully prosperous the Jan. 0 4
3
3
sq
2«
2*
2*
9
9
-1
0
3
3
2 9 .1 0
2H
United State* is, and that the prosperity will continue to “ u t
* e -i«
aq
grow for some years yet; but the majority of the more The Bank rate or discount and open market rates at th e
cautious people were inclined to think that prices were being
__
run up too fast, and that a sharp reaction was to be ex­ chief Continental cities have been as follows;
pected. Accordingly, a very large amount of shares was
Dec. 28.
Dec. 90.
Jan. 13.
Jan. 6.
Bate* of
sold at the beginning of the week. It is estimated by good
Stock Exchange authorities that on Tuesday and Wednes­ i titanic at Bank Op#n Bank Open Bank Open Hank Open
Rat*. Mark* Rat* Market Rate. Market Rat*. Market
day London sold in New York no less than 100,000 shares.
Whether the estimate is correct or not, undoubtedly the Pari*.............
8
3
3
8
8
3
8
8
sales were very numerous. On Thursday, although selling Berlin,........... 0
0
0
0
aq
<q
m
continued, there was also a good deal of baying. The more Hambarjr .... 0
0
0
0
sq
««
sq
m
cautions are inclined to think that the professional operators PranJtfor t .... 0
6
0
0
<q
sq
sq
both here and in New York and Paris are going too far and Ajaaiordan.... ®q
zq
2*
sq
m
2q 2 8-10
*q
4
8
sq
4
4
3H
3H
too quick in the American market, in the South African HrueaaU........
sq
5
6
5
6
5
5
sq
mining market, and in industrials; but the more specula­ Vienna.....
Gi
sq
sq
sq
sq
sq
sq
sq
tive public thinks that the advance in prices will continue 8t, Petersburg. sq
6
r>
6
6
5
Madrid,
5
6
6
for months yet.
6
6
6
6
Copenhagen...
6
6
6
6
The real truth is that the course of the London market
proper depends mainly upon the course of politics. If the Messrs. Pixley and Abell write as follows under date of
French Government is willing to enter into negotiations Jan, 12 :
with our own, with an earnest desire to settle on a fair basis Gold —During tholwoek America hna been a fair buyer, but has now
all the questions outstanding, the investor will begin to buy entirely t eased. Germany, whloli has alao been buying somewhat
Is now more Inclined to await lower prloes. With the reoent
once m ore and then markets will become stronger than they steadily,
Intermittent demands no ndvanoe In prioe took place, and
have been fo r many a year. Bat as long as the fear remains rather
lower rates seem likely for the n est arrivals. Arrivals: West Indies,
that we may be involved in war with France at any mo­ £37,000; Sooth Africa. £177,000; Chill, £6.000: total, £220,000.
Bombay, £35,000. From the Bank, £35.000, whioh goes
ment, the in vestor will not buy on any considerable scale, Shipments;
to Buenos Ayres.
aud the abse nee of the investor means a naturally weak ohlefly
Silver—The India demand has died away, but there has been suf­
market. Mo ney continues fairly easy as it almost always is ficient Continental inquiry for spot and short delivery silver to keep
market steady. With Inquiries for forward delivery from the
dnring the fi rst half of January. Interest and dividends on the
the discount on forward supplies has disappeared, and the
an enormou s scale have been paid and are being paid. But Straits
same quotation holds good for both "oash" and “ forward,” The
the market will begin to tighten np towards the end of the Indian price Is P.s. OSVper 100 Tolahs, Arrivals; New York, £173,month. If there shonld be an outflow of money from New 000; West Indies, £9,000; Chill, £23,000; total, £205,000. Ship­
Bombay, £102,000
York to the interior next month, such as occurred in Feb­ ments:
Dollars—The demand for the Straits still keeps good, and
ruary last year, the more careful observers arejof the opin­ theMexloan
last prioe at whloh business was done Is 287ad-

?

M

X

3

£

h m

6 0 fi

tgp

J or d 'p a tit*

London.

D ay*

m

■tH

m

m

i

THE

170

C H R O N IC L E ,

The quotations for bullion are reported as follows:
Jan.
5.

Jan.

GOLD.

L o n d o n Standard.

12.

*. d.
Bar gold, flue___0». 77 10%
Bar gold,i>artlng.oz. 77 10%
0 .8 . gold ooln... ox. 70
Serm'n gold ooln .ox. 76
French gold ooln.ox. 76
Japanese yen— ox. 76

Silver .
London Standard.

Jan.
5.

Jan.
12.

d.
27%

d.
d.
77 lOi* Bar silver, fine.. . oz. 276,8
Bar
sliver,
oontaln’g
77 10%
do 5 grs. gold.oz. 27%
76 5%
76 5%, do 4 gr». gold.oz. 27%
76 5% do 3 grs. gold.oz. 271,6
76 5 >4 Cake sUver.........oz. 297,8
Mexican dollars.oz 267e

2713,6
279,6
2790
2938
267s

The following shows the imports of oereal produce into
the United Kingdom during the first nineteen weeks of the
new season compared with previous seasons:
IMPORTS.
1897-8.
1896-7.
1898-6.
1898-9.
imports ofwheat,owt.21,977,850 23.738.550 26,440,330 26,044,260
8,824,494
11,809,220
11,426,670
Barley..........................13,215,900
5,553,520 7,967,770
5,302,840
Oats............................. 6,254,970
1,178,330
938.270 1,021,700 1,610,775
Peas............................
1,233,810 1,292,650
1,545,750
Beans.........................
947,320
Indian corn................18,58 2,960 16,408,760 22,302,500 15,911,580
Flour........................... 8,099,730 7.451.500 8,558,460 7,478,420

[V o l.

Lxvm.

us the following, showing the amounts of national bank notes
December 1, together with the amounts outstanding January
1, and the increase or decrease during the month ; also the
changes in legal tenders held for the redemption of bank notes
up to January 1.
National Bank Notes—
Amount outstanding Deo. 1,1898.
Amount issued during D ec.............
Amount retired during Deo............

$2,400,910
1,367,843

Amount outstanding Jan. 1,1899*.

$242,702,038
1,033,067
$243,735,105

Legal Tender Notes—
Amount on deposit to redeem national bank
notes Deo. 1,1898............................. ..........
Amount deposited during Deo.......................
Amt. reissued and bank notes retired in Deo.

$2,450,523
1,504,901

$28,773,496
945,622

Amount on deposit to redeem national
bank notes Jan. 1,1899........................
$29,719,118
‘ Oironlatlon of National Gold Banks, not lnoluded In above, $82,765.

According to the above the amount of legal tenders on de­
posit January 1 with the Treasurer of the United States to
redeem national bank notes was $29,719,118. The portion of
8uppiiesavailable for consumption (exclusive of stooks on this deposit made (1) by banks becoming insolvent, (2) by
banks going into voluntary liquidation, and (3) by banks re­
September 1):
--------1897-8
1896-7.
1895-6.
V
1898-9.
ducing
or retiring their circulation, was as follows on the
26,044,260
26,440,330
23.738.550
Wheat Imported, owt.21,977,850
8,558,460 7,478,420 first of each of the last five months.
7.451.500
Imports of Hour........ 8,099,730
■ales of home-grown.12,437,267 11,024,601 10,463,564

5,650,984

Total.....................42,514,84742,214,65145,462,354
1898-9.
1897-8.
1896-7.
Aver.prioe wheat,Neek.27a. Od.
34s. lid .
31a. Id,
Average price, season..27s. Od.
36s. 6d.
29s. Od.

39,173,664
1895-6
25a. 4d.
24a. 8d,

The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
v This week.
Wheat............... qrs.. 1,890,000
Floor, equal to qrs..
465,000
Maize....... .........qrs..
780,000

Last week.
1,840,000
420,000
805,000

1898.
2,420,000
425,000
635,000

1897
2.420.0C 0
385,000
1,055,000

Deposits by—

Sept. 1

Oct. 1.

Nov. 1.

Dec. 1.

Jan. 1.

*
9
$
$
1,137,622 1,615,570 1,620,511 1,680,194 1,796,158
6,175,778 6,081,894 6,035,750 6,067,130 6,325,710

Cnsolv’nt bks.
Liquid’g bks.
RedVgund.*
a o to f1874. 23,089 511 22,603,423 21,844,564 21,026,171 21.597,250
Total.......30,402,911 30.300,887 29,500,825 2°,773,495 29,719,118
* Act of June 20, i874, and July 12, 1882.

G o v e r n m e n t R e v e n u e a n d E x p e n d it u r e s .— Through the
jourtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
■ s g l l a h F i n a n c i a l m a r k e t s —P e r C a b le .
The daily closing quotations for securities, etc., at London receipts and disbursemerts for the month of December. From
are reported by cable as follows for the week ending Jan. 27: previous returns we obtain the figures for previous months,
and in that maimer complete the statement for the calendar
years 1898 and 1897.
Sal.
Mon.
lues.
London
Wed. Thurs. F n
RECEIPTS AND DISBURSEMENTS (000 om itted.)

502,645

614,805

9,492,045

Dollars....................
Half dollars............
Quarter dollarB___
Dimes......................

2,006,260
966,260
1.700.260
3.610.260

Total silver.........

8,283,040

Five cent nickel__
One cent bronze__

903.645
1,377„645

Total minor.........

2,281,290

Total coinage.........

11,179,135

C hanges
J anuary

in

L

egal

T enders

24,165

60,412

6,086,565 77,987,017

2,006.260 14,426,735 14,426,735
483,130 6,189,285 3,094,642
425,005 13,989,327 3,497,332
301,026 20,153,242 2,015,324
3,275,481 64,758,589 23,034,033
45,182 12,532,087
626,604
13,777 49,823,079
498,231
58,959 82,355,166 1,124,835
12,826,485 123,200,320 162145886
and

N

a t io n a l

Banknotes
has

l.—The Comptroller of the Currency

to

furnished

373,154

Total gold............

9

2,745,708 54,914,160
1,285.797 12,857,970
2,030,895 10,154,475

14,719
26,813

60,120

Valin

13,114
13,482

24,048

Pieces.

CO
©
"©
-a
—

22,935 50,101

Three dollars..........
Quarter eagles.____
Dollars...................

$
8,054,000

1,841
771

402.700
87,528
100,529

Eagles......................

Twelve Months 1898.

Value.

062
1.323

December.
Pieces.

1,650
1,091

C o in a g e b y U n ited St a te s M ints .— The following state
ment, kindly furnished ns by the Director of the Mint, shows
the coinage at the mints of the United States during the month
of December and in the twelve months of 1898.

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♦Deducted—from January, “ Miscellaneous” 1898..............
Received from Union Pacific Railroad purchase 1897-98........
♦ Deducted from March “ Miscellaneous” 1898.....................
Received from Kansas Pacific Ry. purchase 1898.....................
♦ Deducted from April “ Miscellaneous” 1 898 ........................
Received from Kansas Pacific Ry. purchase, 1898....................
♦ Deducted from November “ Miscellaneous” 1897.................
Received from Union Pacific Railroad P urchase......................
t Deducted from November “ Civil andMiscellaneous” 1897.
Uninvested cash in U. P. Sinkiu£ Fund......................................
♦Deducted from December “ Miscellaneous” 1897___. . . . .
Received from Union Pacific Railroad Purchase......................
+ Deducted from December “ Civil and Miscellaneous” 1S97.
Paid out to secure bids on Kansas Pacific Railroad........ .......
1,445
1.324

«gm m eu cialatttl 3$3XisceXXaixeuttg3|eiUB

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28,795

68%
49%
81%
70%
12%
31%
16%
13
49
48
81%
24%

r3 £-2 q.5 P < “

11,090
10,624
2,719

2319

27%
27%
3
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02*1'^% 02*07% C
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24t%
23%
0.0.
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65%
00 Xg
89
89
48%
48%
30%
30%
132% 133%
21
21
74%
74%
16%
16%
43%
42%
10 COCO
124
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C
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1430
142% 140
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51%
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82%
t - V -3-3
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1600
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27^
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1113,6
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23%
68%
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47bj
28
131%
20%
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15%
41%
122%
68%
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139

2,195
3,201

279lfi
275s
llU ie 111%
11116,6
111%
02 25 0210
49^
50
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241s
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41*3
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123% 1*25% 124
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69%
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21
2430
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69*2
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29%
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173Q
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4978
49 %
50
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82%
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83%
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24*«

27»,s
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1115,8
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48=8
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88
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27^
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21*4

2,100
1,108

Silver, per ounce....... d.
Consols., new, 2% p.ots.
For account...............
Fr'eh renteslin Faris)fr.
Spanish 4s....................
Atch. Top. & Santa F e..
Preferred...................
Canadian Pacific..........
Central Paoilic.............
Chesapeake & Ohio......
Chic. Mil. <fc 8t. Paul.,..
Den. &Rio Gr. com__
Do
do Preferred..
Eric, common...............
1sfc preferred..............
Illinois Central...........
Louisville & Nashville.
Mo. Kan. & Tex., corn..
N.Y. C en t'l* Hudson..
N. Y. Ontario West’n
Norfolk & West'u pref.
Northern Pacific, com..
Preferred...................
Pennsylvania..............
•Pblla. A Read.............
*Phlla.<fcRead.t le t pref.
*Phila.& Read., 2d pref.
8onth'n Railway, com..
Preferred...................
Union Pacific................
New preferred...........
Wabash, preferred.......

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J $8,588,401 00
| $3,651,500 00
J $2,651,500 OP
^ $18,194,618 00
J 84,549,868 26
| $31,715,204 14
\

$900,*00 00

J anuary 28, 18S9.]

!H E

C H R O N IC L E ,

To make the 1898 figures conform to the Government
statement, the amounts mentioned in above foot-note should
be added. We have deducted those items as the purchase
money is not revenue, and if included would disturb the
comparison with former and future years.
T r e a s u r y C u r r e n c y H o l d in g s .— The following compila­
tion, based on official Government statements indicates the
currency holdings of the Treasury on the first of October,
November and December in 1898 and January, 1899.
TBBA9CTRY NET HOLDINGS.
<**, i . m
Nov. l, m Dec. 1. ’98.
«
*
_____ J . . „
Net *roid coin and bullion........243.297,548 23^ ^'542*r 941*669.444
7,606.088
N et*t!?or coin and bullion........ 8,186.851
1.411.798
Net V . 8. Treasury not*»............ 1*841 .WT
L 263.SCO
14,754
Net l a«ab tender note*......
. . . 37,385,851
4.675.744
Net national bank note#........... 3„08».26'>
4.659.173
Net fractional silver.................. U.UW.708
7,o5>,EaO 6,673,205
Holding* in Sub-Trtantru*—

171

4,747.—The T yler N ational Bank. Tyler, Texas, has gone into v olu n
tary liquidation, by resolution o f Its stockholders dated D e "
oem ber 3 1 ,1 8 9 8 , to take effect D ecem ber 2 1 ,1 8 9 8 .
INSOLVENT.

757.—The German N ational Bank o f P ittsburg, Pennsylvania
H ugh Y ou n g , R eceiver.
2 .4 4 2 . —The First National Bank of Carthage, New York, Josiah V an
Vrauken, R eceiver.
1,323.—The D elaware National B ank o f D elhi, N ew Y ork, Edward J
Graham, R eceiver.
4,110.—The First N ational B ank o f N eligh, Nebraska, H ow ard J .
W hitm ore, R eceiver.
3,177.—The First National Bank o f F lushing, Ohio, was on N ovem ber
Jan. L W .
5, 1898, p laced in the hands o f James W. D e L ay, Reoeiver.
t
946>29.176 1,915.—The F irst N ational Bank o f Em poria, Kansas, was. on N ovem ­
ber 1 6 ,1 8 9 8 , plaoed in the charge o f Charles S. Jobes, R e ­
ceiver.
13.S-Xi.378 2.442. —The F irst N ational Bank o f Carthage, N ew Y ork. E dw ard N.
6.48-1.14 >
Smith appointed R eoeiver In p lace o f Joslah Y an Yrahken,
5,959.343
to take effect N ovem ber 1 7 ,1 8 9 8 .
281,747.^13 3,056—The C onsolidated National Bank o f San D iego, California,
William J. C ook appointed receiver in p lace o f Andrew J.
94.860,016
•O’ Conor, d eceased to take effect N ovem ber 2 9 ,1 9 9 8 .

Total cash in Sub-Trees'a neLS03,551.216 288.061.150 876.786.249
Amo ant l n national bank*. ..... 80.*83.718 96,014.970 94.641.0U1
Caah In banka A 8ub-treas...3*4.4^0.927 878.06d.120 371.486J860 370,eO8.62£>
Deduct other liabilities.
76.882,424 77.b37.8l6 79.049,460 81,843.934

Im p o rt s a n d E x p o r t s f o r t h e W e e k .— T h e toil o w in g are
the Imports at New York for the week ending for dry riood#
Jan. 19 and for the week ending for general merchandise
*M
GhteBr disburslnz officers' balance*.”
N a t io n a l B an k s .-—T he following information regarding Jan. 30, also totals sin 3©the beginning of the first week
in January.
■ ational banks is from th e Treasury Department.
r o a s i a s im p o r t s a t s e w t o r k
A c ta a l cash balance............ 307,657,603 800.238,275 292.376.790 294,764,695

NATIONAL BAJTK8 ONOANIZED.

5 162.—The Farmers* National Bank of Fre*no, California. Capital.
For week.
1898.
1889.
|
1897.
1896,
$150,000. Adolph Kntner, Provident; Walter Shoemaker.
Cashier. Certificate issued December 2 7 .1898.
Sg.501,2fl4l #2,335,966
#2,463.479
$3,911,517
5.163. —The Colonial National Bunk of Boston. Massachusetts. Cap­ Dry Good*___
6,995,452
5,731,182
4,914,070
7,233,947
ital, $1,000,000. D. J, Lord. President; F. E. Seaver, Cann­ Gcn'l mer’dlse
ier. Certificate leaned December 28, 1898.
Total___i .
<8,232,446
#9,331,418
#7,377,540 $11,145,464
5.164. —Tb* National Exchange Bank of Wheeling, Weat Virginia.
Since J a n . 1.
Capital, $200,600. J. N. Vance, President; Lawrence E.
$7,150,667 $10,126,578
Dry Good*___
$0,395,925
#7,148,148
Sands. Cashier. Certificate Issued December 29,1898.
Uen’l
mer’dUe
20.624,871
18,432,825
20,834,805
21,286,993
5,165.—The Bedford National Bank. Bedford. Iowa. Capital, $50.
0 00 W. E, Crum, President; Ed. E. Cass, Cashier. Certlfl
Total
3
weeks
#25,580,973
#27.020,796
#27,985,4721
$31,413,569
eate issued D«o**mber 29. 1898.
5.166. —The Perkiomen National B uik of East Greenville, Pennsylv fin la. Capital. $50,000. F. L. Hook. President; E E. Erb,
The imports of dry goods for one week later will be found
Cashier. Certificate issued January 3, 1899.
in onr report of the dry goods trade.
5.167. —The Firet National Bank of Mishawaka, Indiana. Capital,
The following is a statement of the exports (exclusive of
$50,000. Martin B. Better. President; WUlls L. Kimball,
specie) from the port of New York to foreign porta for the
Cashier. Certificate Issued J *na»?y 7.1899.
5.168. —The City National Bank of Greensboro, North Carolina. Cap­ week ending Jan. 23 and from January 1 to date:
ita*. $ 00,000. J. 31. Walker. President; R. G. Vaughn,
K X Pom s p r o s s a w t o r k p o r th e w e e k .
Cashier. Certificate issued January 14.1899.
5,189.—The National Bank of Commerce of Wichita, Kansas. Capital,
$100,000. A. C. Jobe*. President; J. H, Black, Vice-Presi­
1899
1898.
1897.
1896.
dent; C. W. Carey, Cashier, F. A. Rasaeii, Assistant Cashier.
Certificate (stood January 20.1899.
For
the
week..
*9,230.506
#10,797.269
$7,781,014
*7,049,948
5.170. —The Rochester National Bank, Rochester, Fa. Capital, $50.25,545,302
17,559,358
17,884,853
17,614,809
000. James O. Mitchell, President; Joseph C. Campbell, Prev. reported
Cashier. Certificate issued January 20, 1899.
5.171. —The First National Bank of Tulsa, Indian Territory. Capital, Total 3 week* #34,775,098 #28,358,627 #25,066,467 #25,264,757
$50,000. Oliver Bagley, President; B. F. Colley, Cashier.
The following table shows the exports and imports of
Certificate tanned January 21,1899.
5,172*—The State National Bank of 8t. Lonis, Missouri. Capital, specie at the port of New York for the week ending Jan.31
$2,000,000. Charles Parsons. President; John H. MoCluney,
and since January 31, 1899, and for the corresponding periods
Cashier. Certificate leaned January 21, 1899.
CORPORATE RX19TS2CCK OF NATIONAL BASK EXTKNDBD.

2.410.—The Farmers* Nat’onal Bank of Rome, New York, until Jan­
uary 14, 1919.
2,409.—The Farmers’ National Bank of Danville, Kentucky, until
January 21,1919.

in 1898 and 1897.
■ xroam

a n d im p o r t s

or s p b o i r

Unwrd.
G old

at

»

iw

tork

.

Im p o rts.

LIQUIDATION,
W eek.
8inr<gnn.l.
W eek.
S in ce J a n .1 .
4,489.—The Globe National Bank of Chicago. Illinois, has gone into
voluntary liquidation by resolution of its stockholders, dated Great Britain.. . . . . .
$1,557,856 $1,557,856
—
December 8, 1898, to take effect Immediately,
408.—The Boston National Bank. Boston, Mass., has gone Into vol­
184,927
184,927
untary liquidation by resolution of Ita stockholders dated West Indie*............
#187,486 #1,335,824
3,832
14,035
December 8,1998, to take effect immediately
Merino...............
8,072
38,753
582.—The 8b»wmat National Bank o f Boston. Massachusetts, has South America.......
2,311
660
"6 ,6 0 0
19,879
gone Into volantary liquidation by resolution o f Its stock­ A ll other eoontrie*.
2,548
4,898
holders dated November 28.1898, to take effect immediately.
2,846.—The Lincoln National Bank of Boston, Massachusetts, has
#109,080 #1,341,424 #1,780,146 $1,820,848
Total 1899........
gone into volantary liquidation by resolution of Its stock­
779,545
Total 180<s......
1,325,585
725,43;'
1,770,203
holder* dated December 8,1898, to fake effect December 12,
26,400
Total 1897........
37,782
181,520
125,300
1898.
M xport*.
Im p o rts.
3,619.—The Ftnrt National Bank o f Beaver City, Nebraska, ha* gone
S U itr .
into volantary liquidation by resolution of its stockholders,
W eek.
W eek.
S in ce J a n . 1,
S in ce J a n .l .
dated December20, 18®-*, intake effect Tu*o«tnber3l. 1898.
4,5 >9.—'The First National Bank of PtnevUlw, Kentucky, lias gone Great Britain . . . . .
♦982,000 *2,822,540
$9,165
$9,165
Into voluntary liquidation by resolution o f Its stockholder*,
82,450
dated October 28. 1 8 9 8 . to take effect December 70. 1*98.
254.—The Sixth N a tion a l Bank of the City of New York, New York,
4,000
227
22,162
46,000
ha s gone Into voluntary liquidation by resolution of its stock­ West Indie*....... .
93,682
114,070
holders dated January 4,1899, to take effect January 6,1898. M exico___ . . . . . . ___
South
A
in
e
r
i
c
a
_
_
___
18,649
54,880
525.—The North National Bank of Boston. Mas*iichusetis. ba^ «one
5,844
2,266
............ 1
Into voluntary liquidation by resolution o f its stockholders All other countries.
dated December 17,1898, to take effect immediately.
Total 1899. a...*
♦986,000 #2,930,900
$123,9*9
$206,121
578.—The Howard National Bank of Boston. >fos*acbn*etta. has
Total 18 9 » .......
1,096,650: 2,844,628
26,370
240,518
gone into voluntary liquidation by resolution of its stock­
Total 1897____
880,330' 2,317,874
176,783
holders dated December 17. 1*98, to take effect immediately.
672.—The National Bank of North America, Boston, Massachusetts,
Of the above imports for the week in 1899 $5,034 were
has gone into voluntary liquidation by resolution of its stockholde s dated December 2*. 1898, to take effect Immediately. American gold coin and $59 American silver coin. Of the
1,029.—The Columbian National Bank of Boston. .Massachusetts, has exports during the same time $108,030 were American gold
gone into voluntary liquidation by resolution of Its stock­ coin and $4,000 were American silver coin,
holder* dated December y. 1898.
1,295. -The National Revere Bank of Boston, Massachusetts, has
gone into voluntary liquidation by resolution of its stock­
•New York City, Boston and Philadelphia Banks.—Below
holder* dated December *9, 1898, to take effect- Immediately.
4,015.—The RosfersvM© National B ink, Rogersvllle, lenn-, has gone we famish a summary of the weekly returns of the Clearing.
Into voluntary liquidation by resolution of its stockholder* Bouse Banks of New York City, B oston and Philadelphia
dated November 30,189?, to take effect January 5, 1#H9.
The New York figures do not include resu lts fo r the non 5,035.—The CUy National Bank o f Greenville. Texas, has gone into j
voluntary liquidation by resolution o f lt« stockholders dated member banks.
December 21. 18 8, to take effect immediately.
Oa-pxUsi
524.—The Continental National Bank of Boston, M assa ch u setts, has j a ASK , fhsrpiut. Loa*w, BfS&s. Ltteu. DepetUt.* Oirc'XW*. 0/ r a - t n *
gone Into voluntary liquidation by resolution of It- stock- I
9
f
9
holders dated December 16, 1898, to take effect January 9,
9
i
9
t
!», V .*
1899.
Due. 81. 1 3 4 , 0 4 0 . 6 7 1 8 , 3 0 8 , 7 J 0 9 7 5 0 1 6 5 . 1 8 4 . 1 8 2 3 . 0 3 7 . 7 1 0 , 2 7 0 , 6 9 7 5 . 6 9 0 , 3
* 5 8 .2 1 1 0 0 3 4 5 6
2.111. —The Manufacturers' National Bank of Boston. Massachusetts, .r»o, 7 1 3 4 . 0 4 0 . 0 7 1 3 . 8 0 3 , 8 1 7 3 4 4 2 1 5 6 , 8 0 8 , 7 88 23 85 .. 88 08 51 .. 77 11 55 .8
0 8 ,1 1 2 5 1 1 0 5 0
has gone into voluntary liquidation by resolution of Its ^tock- I *• 14. 11 33 38 .. 44 88 00 .. 00 77 12 60 ., 83 45 01 ,, 00 11 78 87 01 78 34 10 5 9 , 0 2 9 , 9 8 4 0 ,0 7 4 , 1 1 5 .6
,4 3 9 ,3 1 4 0 9 2 4 5 8
5 9 .8 8 9 .1
holders dated December .9,1898, to take effect January 9. j B '•o . . ‘SI.
1899.
8 .0 5 1 .0 2 2 9 .9 0 2 .0
5 .1 3 8 .0 1 4 7 ,6 9 0 ,3
?. 6 8 . 5 8 7 . 3 1 8 4 . 9 8 9 . 0 1 8 , 8 3 5 , 0
778.—The Ham Idton National Bank of Boston, Massachusetts. hns Jan.
5 .0 3 0 . 0 1 4 0 , 7 9 1 , 0
8 .2 3 0 .0 2 3 2 .7 0 3 .0
0 8 . 6 8 7 . 3 1 8 5 .R 7 4 .IM 1 9 , 9 9 2 , 0
“ 14
gone Into voluntary liquidation, by res ■union of its stock­
8. 1 2 0 . 0 2 3 3 . 9 8 2 . 0 4 . 0 0 8 . 0 1 4 1 , 1 8 4 , 9
" 31. 0 8 . 6 8 7 . 3 1 8 8 . 0 8 1 . 0 1 9 , 6 4 4 , 0
holders dated January 10, 1*99, to take effect Immediately, j Ptatln.'
1 4 9 .2 2 0 .0
0 ,0 5 5 , 0
8 7 ,1 6 7 ,3
4 8 .8 7 7 .0
3 5 .3 8 8 .0 1 2 2 .7 8 9 .0
7
1.112. —The 8t. Louis National Bank, 8t. IjO uIs . M o ., has gone Into Jan
!
1 5 2 .5 6 1 .0
0 ,0 8 9 ,0
9 6 ,5 1 8 ,1
5 1 .8 3 1 .0
voluntary liquidation, by resolution of Its stockholders dated \ •• 14 3 5 . 3 8 8 . 0 1 2 2 . 6 9 3 . 0
5 2 .3 8 4 .0
0 ,0 7 2 ,0
1 5 3 .8 0 1 .0
9 9 ,4 3 0 ,
'• 21. 3 6 . 3 8 8 . 0 1 2 3 ,5 * 8 2 ,0
January 17,1899, to take effect immediately,

THE

172

C H R O N IC L E .

[V o t. L x v m ,

Reports of Non-Member Hanks.—The following Is the Foreign Trade of New Y ork—Monthly Statement.—In
tatemeat of condition of the non-member banks for the addition to the oth9r tables given in this department, made
week ending Jan. 81, based on averages of the daily results ap from waekly returns, wd give the following figures for
the full months, also issued by our New York Custom House.
W e omit two ciphers (0 0 ) in all cases.
The first statement covers the total imports and exports of
Deposit, with
Net
merchandise and the Customs receipts for the twelve months
L e* l.
LoansA
Oapi- Sur­ Invest­ 0Veil*. A B 'k OUar'g Other
B A N S .
of the last two seasons.
Ayent. Bks.Ac
ments.
tal.
(0 0 « o m it t e d .)
New YORK ClTT.
▲ • t o r P l a c e ...............
C o l o n i a l ......................
o l u m b t a ................... .
E le v e n t h W a r d ...
F o u rte e n th 9 tre e t.
F r a n k lin N a tio n a l.
Q a n e e v o o rt. . . .
H a m i l t o n .........
I
H id e A L o a th . N a t.
H o m e . .................... .
H u d so n R iv e r .
M o u n t M o r r is .
M u t u a l ..................
N in e te e n th W a r d .
F l a a a ............ ... ............
R i v e r s i d e . ..................
S t a t e . .............................
T w e lft h W a r d ....
T w e n ty -th lr d W ’ d
U n i o n S q u a r e ...........
Y o r k v l l l e ...................
A s t o r N a t 'l B a n k ..
Brooklyn .
B e d f o r d ........................
B r o a d w a y ..................
B r o o k l y n ....................
E i g h t h W a r d .........
F i f t h A v e n u e ......... .
F u l t o n ..........................
K i n g s C o u n t y ......... _
M a n u fa o t ’ ra’ N a t ’ l
M e c h a n i c s .......... ....
M e o h ’ e’ A T r a d r ’ s '
N a s s a u N a t io n a l:.
N a t i o n a l O l t y ............
N o r t h S i d e .................
P e o p l e ’ s . .......................
Q u e e n s C o . (L .I .G .)
S o h e r m e r h o r n .........
S e v e n te e n th W a rd
S p r a g u e N a t io n a l..’
T w e n ty -s ix th W ’d .
U n i o n ............. ................
W a l l a b o u t ....................

9
2 5 0 .0

100.0
8 0 0 ,0

100,0
100,0
200,0
200,0
200,0
6 0 0 ,0

100,0
200,0
2 5 0 .0

200.0
100,0
100,0
100,0
100,0
200,0
100,0
200,0
100,0
3 0 0 .0

9

9

3 7 4 . 8 2 .6 8 0 .0
8 1 4 .8
0 9 .1
1 8 4 .6 1 .9 3 5 .0
1 1 9 .1 1 .1 0 3 .7
7 7 5 .0
5 1 .5
4 9 2 .0
6 ,7
668.8
1 5 .1
9 3 .2 1 ,1 8 1 ,3
1 0 6 .4 2 .1 3 0 . 2
4 0 0 ,5
8 3 .3
1 9 0 .8 1.202.0
9 9 .5 1 .5 2 1 .0
8 0 7 .3
111,0
0 3 3 .7
2 5 .3
1 1 4 .7 1 .0 0 4 .0
7 7 3 .4
1 0 3 .1
9 3 , 0 1 .8 4 7 .0
1 1 5 .5 1 .1 3 9 .8
8 2 3 ,9
4 3 .5
2 9 8 .5 1 .0 7 3 .0
1 2 8 .5 1 .1 7 5 .5
12.6 3 .1 7 1 . 0

1 1 3 .9 1 .0 3 4 .2
100.0 1 1 8 .9 1 .3 8 8 .0
1 6 7 .6 1 .0 9 2 .2
3 0 0 .0
2 5 3 .0
100.0
3 5 ,5
6 4 8 .5
5 3 .0
100.0
8 4 8 .8
200,0 1 6 6 ,8
0 1 9 .7
1 5 0 .0
5 6 .0
2 5 2 . 0 4 3 5 . 8 2 .1 0 8 .8
5 0 0 . 0 4<>1,9 2 .2 3 1 .1
100.0 1 9 2 .0 8 9 0 . 9
3 0 0 . 0 5 7 5 . 6 4 .0 5 0 . 0
3 0 0 . 0 5 0 8 . 8 2 .2 9 4 . 0
7 1 6 .9
100.0 1 1 9 ,5
8 2 2 .5
100,0 1 0 8 .0
100,0 1 2 8 .8 1 .6 0 6 .1
4 8 0 ,3
100,0
5 5 .3
4 4 0 .2
6 8 .9
200, 0 1 2 1 8 , 1 1 .0 1 8 .6
3 5 8 .2
100,0
5 4 .4
5 0 .4
2 9 7 .5
100,0
4 8 8 .7
100,0
3 0 .7
1 5 0 .0

ioo,a

O .H E R C I T I B 8 .
1 s t N a t ., J e r . C l t v . 4 0 0 .0
H u d . C o . N a t . J . O . 2 5 0 .0
3 d N a t ., J e r . C i t y . . 2 5 0 .0
8d N a t . , J e r . C i t y . . 200.0
1 s t N a t . , H o b o k e n . 110,0
3 d N a t .. H o b o k e n . 1 2 5 .0
2 5 ,0
B a n k o f S ta te n I s i.
1 s t N a t . , S t a t e n I a l . 100.0

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

88.6
4 5 ,9
7 0 ,6

D e­
p o s its .

N o te s .

p lu s .

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

2 4 0 .0
2 0 .4
1 3 3 .0
4 5 .5
2 4 .0
5 3 .0
2 8 .0
4 0 .5
2 1 0 .9
0 1 ,3
4 3 .0
7 8 .0

21,8
3 0 .1
4 0 .0
9 .5
6 9 .0

20,8
2 9 .6
6 0 .5
1 0 5 .7

221.0
8 1 ,8
2 5 .2
9 4 .3
1 3 .2
2 5 .6
6 2 .6
4 1 .9
2 8 1 ,2

110,0

5 3 .5
2 0 3 .0

210.0
1 1 .9
3 2 .5
0 6 ,8
2 3 .7
9 .5
1 0 5 ,9
1 4 .2
3 ,0
1 3 .2

1 8 3 ,9

100,0
7 8 ,2
3 5 .7
1 1 6 ,8
4 1 ,0

10.8

1 7 ,7

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

202,8
8 0 .0
3 2 1 .0

86,1

9

9

$

1 6 8 ,0
1 0 9 .2
1 2 3 .0
3 5 9 .2
1 8 0 .4

3 3 2 ,0

2 .9 0 9 . 7
9 0 2 .2

2 3 7 ,0

2,210,0

2 0 .9
1 4 1 .1
2 1 1 .4

5 1 ,7

1 ,5 3 9 .1
9 7 0 .7
4 0 9 .0
0 1 7 .7

100.0
01.3

1 7 5 .0

66.0

2 5 1 .6
1 1 9 .8
1 9 4 .7
0 4 .2
9 8 .0

110,6
3 8 .5
4 6 0 .0
1 6 0 .9
3 4 9 .0

10.0
10.2
10,0

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

3 0 .4

10 8 ,8

1 1 9 ,4
4 5 .9

20,1

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

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

0 6 2 ,1

9 0 .0
9 1 ,8
5 0 .0

212,0
5 2 .9
7 5 .9
9 2 ,0

100,0
0 7 ,6

20,0
2,1

2 5 ,9
5 3 .0
2 3 4 .0
1 3 .0
1 0 9 ,7
3 2 ,2
1 3 .0

0,8

05
1 0 9 .0

220,1

11135
6 2 8 ,1

6 2 0 ,8
1 3 0 ,9
1 2 7 ,3
8 2 .0
8 2 ,8
1 2 8 ,8

3 1 8 .0
3 5 9 ,4
3 9 3 .0
0 ,7

1.200.8
1 .7 1 8 .0
5 2 3 .0
1 .2 8 8 . 0
1 .7 0 9 .8
1 .0 1 2 .9
9 5 4 .0
1 .7 8 6 .0
7 6 0 .8
2 .1 2 4 .0
1 .4 5 0 .5
9 5 0 .3
2 .0 4 1 .1
1 .3 9 7 .5
3 .6 0 9 .0
1 .1 6 8 . 2
1 .4 7 8 . 1
1 ,2 0 8 , 0
2 4 7 .8
4 8 5 .7
9 4 9 .7
6 1 1 .0
3 ,1 4 7 , 8
2 .3 9 8 . 3
9 4 3 .4
4 .0 1 6 . 0
3 .1 4 0 .0
6 8 7 .0
8 1 3 .3
2 .0 1 8 .3
5 5 4 .0
4 1 3 .4
1 .0 3 5 . 0
4 0 2 .4
2 1 4 .1
6 2 4 .2

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

T_______
o t a l s J a n . ___
2 1 . . . ..
W / a ,,o 6,694,9 64306,q 3.705.7 45^,6 1 0 0 1 3 7 4859,0 74,466,8
T o t a l s J a n . 1 4 . . . 9 , 0 1 2 ,0 8 ,(>Q 4 , q 6 4 5 8 9 .3 3 . 6 8 9 .8 4 , 7 6 1 3 9,715,6 45*0.5 74 2 0 0 ,8
T o ta ls J a n .
. 0 , 0 / 2 .0 8.604.9 61.156,2 9,496s' 4*525,' I 0022i \j j i 8,

M e r c h a n d is e
M ONTH

Movem ent a t New

1898.

1

York.

1893.

1897.

1897.

8

1

C crs T O M S R e c e i p t s
a t

E x p o rts .

Im p o r ts .

New

Y ork.

1898

1897.

1

i
3 4 ,4 1 5 ,1 1 0

S 0 ,9 1 8 ,8 5 8

3 3 ,4 6 7 ,6 9 4

$
1 0 ,4 0 4 .0 0 0

3 1 ,0 5 7 ,3 4 9
4 0 ,3 5 9 .0 3 9

3 0 ,3 1 8 ,7 9 1

10,0 0 2 .7 3 '

8 ,3 5 9 ,7 8 0

3 4 ,5 3 2 ,4 8 0

1 0 ,5 7 8 ,0 3 9

1 7 ,6 7 9 ,6 3 3

3 3 ,2 3 3 ,1 3 1

3 1 ,4 1 2 ,3 0 8

9 ,1 0 4 .2 0 1

1 7 ,7 1 1 ,8 0 3

Jan u ary—

3 4 .0 3 3 ,6 1 3

F e b r u a r y ...

3 0 ,0 1 5 ,7 7 0

M a r c h ............

4 1 ,2 3 9 ,2 6 0

3 3 ,9 7 4 ,0 4 4
4 0 ,8 7 8 ,3 6 0

A p r i i ..............

8 7 ,1 7 5 ,3 )6

5 9 ,9 3 9 ,2 1 8

4 5 ,3 5 8 ,8 5 3

3 4 ,9 5 9 ,8 0

8 ,2 3 2 ,7 0 0

9 ,0 9 3 ,2 7 0

3 1 .8 2 4 ,9 4 4

4 9 ,0 7 4 ,0 1 2

4 7 ,2 1 5 ,8 8 0

3 3 .7 9 2 .9 9 8

3 3 ,4 6 0 .9 7 6

3 1 ,0 0 2 ,6 5 1

8 1 ,1 4 2 ,8 0 6

9 ,3 3 4 ,8 ) 8
9 ,9 0 0 .2 0 4

1 4 ,7 2 8 ,7 8 9

3 2 ,9 1 4 ,5 2 1

A u g u s t .........

3 3 ,2 2 7 ,0 8 i

2 0 ,5 4 1 ,4 3 9

3 6 ,4 9 4 ,3 5 3

3 1 ,3 4 5 ,8 2 8

1 0 ,9 0 0 ,4 4 9

6 ,2 0 2 ,7 2 8

S ep tem b er.
O ctob er
..

3 3 ,1 1 9 .2 3 0

2 8 ,4 3 4 .4 4 3

3 0 ,7 0 1 ,7 4 7

3 7 ,4 3 7 ,3 7 6

1 1 ,0 1 2 ,8 4 1

6 ,3 0 0 ,5 4 2

3 3 ,8 9 4 ,1 2 4

3 1 ,0 2 4 ,4 1 2

4 1 ,2 0 3 ,9 3 5

3 4 ,4 9 2 .0 1 0

1 0 ,1 8 8 ,8 9 7

0 ,7 9 9 ,0 9 0

N o v e m b e r ..

3 4 ,9 3 3 ,3 0 4

3 4 ,1 1 2 ,8 3 0

4 0 ,4 0 0 ,0 0 1

3 2 .3 4 0 ,7 4 9

9 ,9 8 1 ,3 0 9

0 .9 2 9 ,1 4 0

D e c e m b e r ..

3 8 ,2 0 8 .0 6 4

3 4 ,4 2 1 ,2 3 0

4 3 ,5 7 3 ,1 3 0

3 9 ,0 3 5 ,0 5 1

1 1 ,5 8 5 ,8 3 9

7 ,8 7 9 ,3 5 2

4 1 9 ,6 9 1 ,4 30 4 0 0 ,2 2 0 .2 4 1 1 6 9 ,1 8 8 ,9 2 7 4 0 4 ,8 7 9 .2 1 8

122.0 0 1 .0 2 )

1 1 9 ,6 2 7 .0 0 7

M a y ...............
J u n e ...............
•u l y

...

T o t a l...

8 3 ,4 0 5 ,5 0 6

4 8 ,9 5 1 ,4 7 5

7 ,7 0 5 ,4 0 0

1 2 ,2 9 9 ,5 7 4

The imports and exports of gold and silver for the twelve
months have been as follows :
Gold M ovem ent a t N ew

Imports.

Mo n th .
1898.

January....
February..
March — ..
April.........
May...........
June..........
July..........
August......
September.
October. ..
November..
December.
Total...

*
3 ,1 0 2 .0 8 0
9 3 9 ,9 2 9

Y ork .

Exports.

1897.

1

1898.

Sil v e r -

new

Imports.

1897.

8

1898

1

Yo r k .

E x p o rts .

1898.

t

2 0 1 ,3 2 9

S
2 ,6 0 2 ,1 8 3

3 0 2 ,2 8 1

1 ,2 5 3 ,4 8 5

3 ,0 8 5 ,6 8 8

2 8 0 ,1 0 2

9 2 2 ,0 9 1

3 2 3 .1 3 1

1 ,1 9 7 ,1 0 5

2 ,9 4 7 ,3 7 4

2 0 ,8 0 8 ,6 9 2

0 0 0 ,3 6 1

4 9 2 ,8 0 9

5 0 7 ,6 8 7

1 ,2 0 2 ,5 4 4

2 ,9 5 9 ,3 3 2

2 8 ,8 8 9 ,2 5 3

2 9 9 ,0 3 4

7 0 8 ,3 5 0

0 ,5 0 7 ,6 0 2

1 ,0 9 5 ,2 8 5

8 ,7 7 7 ,2 7 9

9 ,1 0 1 ,8 7 6

3 0 7 ,0 5 0

2 0 ,8 7 1

9 ,4 5 3 ,1 9 7

2 8 3 ,4 5 7

3 ,5 2 0 ,3 3 6

1 3 0 ,4 6 5

7 ,5 1 3 ,2 6 3

7 0 8 ,14S

3 ,9 0 9 ,8 3 3

1 ,7 5 4 ,9 2 7

2 3 0 ,9 1 8

0 0 ,1 0 3

4 ,5 5 1 ,1 3 5

9 0 5 ,5 8 9

4 ,0 7 9 ,7 0 5

3 ,9 9 3 .4 5 0

9 9 ,3 9 1

1 ,8 8 4 ,3 5 4

3 3 9 ,8 2 0

5 3 5 ,1 2 2

7 9 0 ,6 7 0

1 2 ,4 6 5 ,2 4 8

3 8 3 ,4 5 6

2 ,6 7 3 ,1 <9

8 4 ,1 3 5

0 4 9 ,0 7 5

4 ,6 3 7 ,2 5 2

9 ,6 1 0 ,0 1 5

8 ,9 8 9 ,0 0 6

1 ,0 1 1 ,0 3 0

1 1 8 ,0 8 2

1 ,2 9 7 ,1 9 9

6 ,1 0 0 ,4 0 4

1 ,1 0 3 ,2 2 5

4 ,8 0 7 ,3 8 5

0 3 4 ,0 4 1

3 5 4 ,5 1 2

6 4 9 ,0 9 8

2 2 0 ,9 5 1

4 6 3 ,4 5 8

8 ,9 2 0 ,2 9 5

2 .7 0 9 ,4 7 7

2 9 6 ,0 4 7

1 ,1 0 5 .0 7 1

1 5 2 ,8 0 8

1 ,6 9 0 ,7 4 0

6 ,0 1 9 ,9 0 0

1 0 0 .3 3 4 ,3 7 9

1 4 ,2 3 9 ,2 4 5

8,2 3 1 ,9 1 .8

3 0 ,3 9 0 .3 4 0

1 0 .4 1 8 .3 5 0

4N, 14 0 .9 0 9

?,/
Auction Sales.—Among other securities the following, not
N6w York City Clearing House Banks.—Statement of regularly dealt in at the Board, were recently sold at auction
condition for the week ending January 21, based on averages By Messrs. Adrian H. Muller & Son :
Shares.
S ha res.
of iaily results. W e omit two ciphers (0 0 ) in all cases.
15 On. N. B’k o f Utica,N.Y..lS8
50 Nat. Bank of Commerce.
7 ± & 7 ,9

7 Oswego & Syr. RR. guar. 216
214%-215*4
B ask s.
Capital bu rp l’s D oans, i S pecie. L ega te. Deposite.
32 Detroit & Mackinac RR. 16*2
25 Hamilton Trust Co ...... 250*3
10 Germania Bank of N. Y . .431
31 U. S. Life Insurance Co.132
Bank of New York.. $3,000,0 $ 1 , 8 7 9 , 1 $ 1 5 , 4 5 0 , 0 $ 3 , 2 8 0 , 0 $1,000,0 $ 1 0 , 1 3 0 , 0
20 Germania Life Ins. C o...228
Manhattan Co......... 2.050.0 2 .1 3 2 .0 1 7 ,5 3 3 ,0 j [ 6 ,4 9 5 , 0
100 Chatham Nat. Bank.......305
2 .3 2 3 .0
2 3 .3 9 0 .0
Merchants’ .........
50 Bergner & Engel Brew’g
2,000,0 1 .0 7 4 .9 1 4 .1 0 3 .8 2 . 9 1 9 . 0
25 Franklin Tr. Co. of B’k’n.2761a
1 ,2 2 7 . 3
1 6 .4 6 0 .4
Mechanics’ .........
2,000,0 2 .0 4 2 .9 1 2 ,4 7 0 ,0 : 3 . 1 2 7 . 0
Co. pref........ ............... 77
30 Omana Water Co. 2d pr. 10*3
1 .0 7 5 .0
1 3 .5 5 7 .0
America...... .......... 1.500.0 2 .0 7 4 . 0 2 3 , 4 9 7 , 2 i 5 . 2 1 0 . 2
2 .1 8 8 .9
50 Bergner & Engel Brew’g
2 8 .2 1 3 .5
170
Corn Ex. Bank.......300 to 301
Phenix................... 1,000,0
2 4 0 .0
4 , 7 8 6 , 0 ' ! 1,000,0
3 4 8 .0
4 .9 4 8 .0
Com
com
.......................
47
10 Washington Trust C o ....301*4
Olty.....................
1,000,0 4 .2 8 1 .1 7 5 . 1 7 8 . 9 2 3 , 6 2 d , 5
2 .2 7 0 .2
9 8 ,7 8 4 ,9
30 Brooklyn Acad, of Music
60
Eagle Fire C o..................251
Chemical........... a.
300.0 6 .4 1 1 . 0 2 5 . 3 4 8 . 0 1 0 . 4 8 3 . 7
1 .5 0 7 .3
3 1 .0 6 3 .6
(with tickets)............... 116
200 T. St. L. & K.C.RR. com. 2
Merchants’ Exoh’ge
600.0
1 ,3 0 2 ,7
1 7 0 .7
5 .7 5 0 . 1
3 8 0 ,4
6 .0 8 4 .4
32 Nat. Broadway Bank__241
1,002
Batopilas Mining Co..
Gallatin................... 1,000.0 1 .0 0 4 .1
1 .2 7 3 . 5
8 .4 8 6 .0
0 8 3 .8
7 .3 4 0 .9
30 Hollaed Building Asso’n 53
Butchers’* Drov’rs’
96c. per share
300.0
1 2 3 .0
3 1 3 .2
9 7 3 ,2
1 3 0 .3
1 .2 7 0 .5
Mechanics’* Trad’s’
60 Holland Trust Co . . ....... 52
400.0
B o n d s.
1 5 9 .6
1 .7 3 1 0
3 2 8 .0
1 2 7 .0
1 .8 7 1 .0
Greenwich..........
200.0
1 0 4 .4
9 4 8 ,5
1 0 3 .8
70
Mechanics’
Nat.
B
a
ck
...
195
$2,000
Det.
&
Mack.
RR. 4s,
2 7 3 .4
9 8 4 ,8
Leather Manufac’rs
600,0
1 9 8 .6
4 .3 6 7 .5
6 0 6 .7
189 Merchants’ Nat. B ank... 156
6 8 7 .3
1995, J& D ............................ 62
4 .4 4 1 . 4
Seventh...... .........
300.0
6 0 1 .1
1 0 9 .6
1 .8 2 4 .1
1 6 4 .8
305
Phcenix
Nat.
Bank.........
96*8
2 .4 8 5 . 9
$1,000
Eastches’r
Gas
L. Co.
Btate of New York.. 1.200.0
4 9 0 ,9
6 5 0 .3
4 .1 6 7 .0
3 8 3 .5
3 .7 7 8 . 9
10 Eppens, Smith & Wie1st 6s 1910 (guar, by Am.
Amenoan Exchange 5.000. 2 .4 0
9 3 .7
2 0 .6 6 0 .0
2 .0 9 3 .0
3 .9 5 1 . 0
2 1 .7 5 0 .0
mann
Co........................
80
Gas
C
o.)................................
108
Commerce............... 5.000. 3 .0 0
7 9 .6
2 ,0 5 6 , 9
2 7 ,7 7 3 ,5
3 .1 5 5 . 0
2 3 .1 7 4 .5
20 Ninth National Bank... 76*4 $5,000 N. Y. & E. R Gas Co.
Broadwav............... 1.000. 1 .6 600 .6
7 ,0 0 0 ,4
2 .1 4 0 . 3
3 0 9 .4
8 .0 2 8 .4
10
Cliem.
Nat.
Bank..4,100-4,105
Mercantile.............. 1,000,0 1 ,0 5 3 ,3 1 3 . 9 6 8 . 4 3 .0 6 1 . 6
1st
5s,
1944,
J.&J................
113*«
8 3 8 .2
1 4 .7 2 8 .7
Pacific...........
100 Title Guar. & Trust........300*2 $10,000 N. Y. &E. R. Gas Co.
4 7 2 .8
4 2 2 ,7
2.011.6 1 .1 3 5 . 4
4 0 3 .5
3 .8 0 6 . 5
Republic................. 1,600,0
8 1 6 .9
4 .0 8 2 . 4
25
Colonial
Trust
C
o
.........
400
1 8 .3 6 1 .9
1st con. 5s, 1945, J.&J.. ...108%
8 3 1 .2
2 1 .3 2 2 .1
Chatham............ .
450.0
9 9 0 .6
1 .0 7 2 . 7
6 .0 3 3 .7
30 American Surety Co...... 191*2 $12,000 New Ams’ dam Gas
8 5 5 .3
7 .0 1 1 .2
People’s..............
200.0
2 6 3 .7
1 .8 8 3 .1
3 2 0 .7
8 1 1 .8
50 Lawyers’ Surety C o___ 101
2 .8 9 2 .2
Co. 1st oon. 5s. 1948 J& J.. 104*4
North America..,
700.0
6 5 5 .8
2 .7 0 0 . 3
1 3 .7 8 4 .5
1 ,1 8 5 , 6
1 6 .1 7 8 .2
10 Ry. Aut.Sales Co.8% prf.105
$8,000 Un. El. RR. 2d inc’s
Hanover...........
1,000.0 2.200.8 3 8 , 0 7 8 . 8 1 0 , 9 1 2 , 5
2 .3 9 0 .3
4 8 .6 9 2 .8
50 Wm. Cramp & Sons’ Ship
Tr. Co. cer; assess, all paid. 50*3
im n g ................
600.0
3 7 7 .4
6 8 7 .7
3 .8 3 6 . 0
5 0 9 .9
4 .2 7 9 .0
&
Engine
Build’g
C
o...
70
$7,000
Omaha Water Co. 5s.. 80
Oltisena*............
3 8 2 .2
600,0
0 6 0 ,0
2 .8 4 0 . 0
1 3 4 .5
3 .1 4 0 .0
35 Bank olN . Y., N. B. A ... 240** $2,000 Key West Elec. Co.,
Nassau...................
2 5 7 .6
600,0
2 ,6 1 9 , 9
5 0 3 .3
4 0 4 .1
3 .4 7 0 . 3
Market * Pulton...
10 Central Trust Co........... 1,800
900.0
1st 5s, 1929. J&J................. 94
9 8 8 .4
1 .6 7 0 . 0
0 ,2 7 6 .5
6 5 3 .7
7 .1 3 0 .9
S h oe* Leather...
1,000,0
1 5 4 .8
25 Title Guar. & Trust Co...305
8 5 0 ,6
$2,400 Batopilas Min. Co. 6s,
3 0 6 .3
4 .2 8 4 .4
Corn Exchange__ 1,000,0 1 ,8 0 7 ,6 1 03 ,.60 50 09 .2
2 .0 7 2 . 0
,7
1 .0 5 6 . 0
1902., Dec.,’ 98,coupons on . 46
1 1 .6 4 9 .5
Continental......... .
1,000,0
0 0 8 .7
1 .5 1 0 . 5
0 ,2 7 9 , 7
4 4 0 .0
7 .8 5 9 . 8
Oriental..................
By
Messrs.
J
E
t
V.
Harnett
&
300.0
Co.:
4 0 8 .6
3 1 1 .0
2.012.8
3 7 2 .1
2 ,1 5 0 0
Importers’* Trad’rs 1.500.0 5 .7 0 7 .2 2 0 . 0 4 8 . 0 6 .3 7 0 . 0
1 .1 6 7 .0
2 8 .4 2 2 .0
Shares.
B o n d s.
Park....................... 2.000.0 3 .2 4 2 .3 4 6 . 8 0 0 . 0 1 8 , 3 3 2 , 0
2 .9 4 0 . 0
0 3 .8 5 7 .0
60 Produce Ex. Tr. Co........ 215
$20,000 111. Fuel & Power Co.
Bast River..............
250.0
1 4 6 .6
1 .1 9 2 .1
5 4 6 .4
1 6 3 .9
1 .6 3 8 .0
Fourth...... ............. 3.200.0 2 .0 4 6 .3 2 7 .2 8 5 .4 4 .9 0 5 . 4
35
Arthur
Suh.
Home Co__ 95
of Sparta, 111. 1st 6s, s.f. All
2 .0 8 0 . 5
2
9
.
9
2
4
.
0
Central...... ........... . 1,000,0
4 9 0 .5
coupons................................. 5
4 .0 3 3 . 0
1 1 .8 0 0 .0
1 .2 8 6 .0
1 0 .6 7 0 .0
Second....................
800.0
7 1 1 .6
1 .3 5 1 .0
6 ,6 0 1 , 0
6 2 2 ,0
7 .7 7 9 . 0
Ninth......................
760.0
2 6 5 .6
1 .3 2 6 .6
3 .0 4 5 . 0
2 5 9 .7
4
.
0
4
0
.
0
First...... ................
600.0 7 .4 9 7 .4 3 4 .3 0 5 .2 7 .8 0 1 .4
1 .3 1 0 .9
3 5 .9 3 0 .3
N. Y. Nat’l Exoh’ge
g a u k in tj a n d f in a n c ia l.
800,0
6 3 .8
1 .6 8 2 .5
3 0 0 .3
2 5 0 .6
1 .7 4 0 . 8
Bowerr....... .......... .
0 1 8 .2
250.0
2 .6 5 4 . 0
9 2 7 .1
3 0 0 .9
3 .7 0 4 .0
New York County..
200.0
4 3 0 .3
6 8 0 .5
3 .0 8 8 . 4
8 4 4 .8
3 .9 2 1 . 9
German American..
750.0
2 8 3 .6
0 9 9 .9
2 9 7 .8
3 .3 2 1 .0
Chase....................... 1.000,0 1 ,1 3 9 ,0 3 03 ..13 45 00 ..70 1 0 . 4 9 8 . 8
4 .0 6 5 . 0
S p e n c e r
T r a s k
&
C o .,
4 3 .3 2 0 .1
Fifth Avenue..........
100.0 1 .1 7 0 .2
8 .8 0 4 . 4
2 .0 2 1 .7
6 1 8 .4
1 0 ,3 1 6 ,7
German Exchange.,
200,0
5 7 1 .8
2 .0 1 9 . 8
3 2 9 .4
1 .0 0 9 .0
3
.
4
8
0
.
4
Germania................
BANKERS,
200,0
7 3 9 .0
3 .3 1 1 .2
5 7 2 .3
0 1 8 ,0
4 .9 4 2 .0
Lincoln...................
300.0
7 5 4 .0
7 .3 2 0 .6
1 .7 6 4 .7
4 0 0 .2
2 7 & 2 9 P IN E S T R E E T ,
.
.
.
NEW P O R K .
8 .2 4 8 .3
Garfield................. .
200.0
8 7 1 .8
1 .2 6 0 .1
6 .8 0 0 .3
6 2 8 .5
7
.2
5
0
.
3
Fifth.......................
200,0
8 2 4 .6
1 .9 1 1 .1
6 1 1 .3
1 5 8 .7
6 5 Slate Street, A lb a n y .
2 .3 1 9 . 3
Bank of the Metrop
800,C 8 4 3 .7
5 .1 4 7 .9
1 .1 7 1 .4
7 4 0 .8
6 .0 9 3 . 9
West Side............ .
200,0
8 6 4 .1
INVESTMENT SECURITIES.
2 .3 4 0 . 0
2 8 5 .0
3 7 0 .0
2 .6 2 5 .0
Seaboard......... .
4 0 7 .2
600.0
1 0 .7 0 0 .0
2 .1 1 9 .0
1 .4 3 9 .0
1 3 ,4 8 0 ,0
Sixth—Consolidated w lL h A a ter Natl onal.
Western...............
G
e
o
r
o
e
B
a
rclay M offat.
A l e x a n d e r M . W h it e , J r
2.100.0
8 6 4 .9
7 .9 9 2 . 5
3 1 .1 6 3 .0
1 .6 1 7 .0
3 7 .1 3 3 .5
First Nat. B’klyn..
300.0
0 6 4 .7
4 .8 9 9 . 0
1 .0 8 6 .5
1 .0 0 3 .5
5 .7 3 0 . 0
Nat. Union Bank.. 1.200.0 1 .0 1 4 .2 1 6 . 8 7 3 . 5 4 .3 7 0 . 0
M o f f a t
&
W h i t e ,
2 4 8 .0
1 7 .0 8 9 .4
Liberty...................
600.0
3 4 8 .0
3 .8 8 3 .8
9 7 9 .1
3 0 0 ,7
4 .8 2 9 . 4
N. Y. Prod. Exoh'ge. 1,000,0
3 2 1 .9
7 6 7 .0
3 .8 6 8 .7
9 8 ,3
B
A
N
K
E
R
S
,
3 .4 0 6 .0
Bk.of N. Amsterdam
250.0
3 2 0 .4
3 .2 7 0 . 9
5 2 3 .9
5 5 5 .0
3 .7 4 2 .9
N o. 1 N ASSAU S T R E E T ,
.
.
.
NEW Y O R K .
Total............
6 8 .0 7 2 ,7 75 4 0 7 ,9 7 2 0 .3 5 1 ,6 1 8 7 0 7 3 1
5 9 .8 8 9 .1 8 4 9 .0 7 4 .1

IN V E S T M E N T

S E C U R IT IE S .

THE

J a n u a r y 28, ISfcO.j

C H R O N IC L E

The following were the rates of domestic exchange on
New York at the under-mentioned oities to-day: Savannah,
buying 1-16 premium, selling 75c.per $1,000premium; Charles­
ton buying par, selling
premium; New Orleans, bank,
$1 00 premium; commercial, 25c. discount; Chicago, 5c.
per $1,000 premium; St. Louis, 25c. per $1,000 premium.
United States Bonds.—Sales of Government bonds at the
Board include $300,000 4s, coup., 1985, at" 129 to 139%; $5,000
4s reg., 1925, at 1285£; $55,0u0 4s, coup., 1907, at
to 113;
$3,000 4s, rag.. 1907, at U2J<f; $170,000 3*, coup., 107^ to
107?4, and $14,000 2s, reg., at 99J£ to 995£. The following
are the daily closing quotations : fo r yearly range see seventh

fBankers' <®a*jetfce.
D I V I D E N D S .

Per

Nam* o f Company.

C ent.

R a ilr o a d s (S te a m .)
Boatoa & Maine pref................
Buffalo A Susquehanna..........
Cornwall A Lebanon....................
Flint A Pere Marquette, pref—
Mahoning Coal, corn.................. I
Pittsburg A Lake E r ie -.....,.-...
Rome SVatert'a *feOg. guar, (qr.)
Street H a llw a y * .
Albany (N. Y.) Ry. (guar.)..........
Coney Island «fc Brooklyn (quar).
Qlena Falls (N. Y.) Sandy Hill
A Ft. Edwards Bi.RR {quar.).
Union St. Ry New Bedford,
Maas, (quar.).......................... .
Worcester (Mass.) Traction, prf.

When
Books closed.
Payable. : (D ays inclusive.)

to
to
to
to
1 Jan. 26 to Feb. X
1 Jan. 25 to Feb. 1 page follow ing.
15 Feb. 1 to -----------

March 1
Jan. 31
Feb.

Feb.

5

1*4

1 1*

(Feb.
: Feb.
Feb.
Feb.
Feb.

1 Jan. 24 to Jan. 31

B anka.

Corn Exchange— .......................
Lincoln National (qnar.)....... ..
Twenty-third Ward.........
T r u s t C o m p a n ie s .
Farmers’ Loan A Trust (quar.)..
Kings County, Brooklyn iqaarj-.
F ire I n s u r a n c e .

Broadway. . . . . .

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

,T H «c«llarjeoui,
American Glue, p r e f...............
Clarita (H. B.). com. tquar.) . . . .
Consol. Gas of Pittsburg, pref...
Consolidated Ice, ©oui...............
Glucose Sugar Refg., com . -----

6

3

21*
2*a

Feb.
Feb.
Feb.

Interest Jan.
Periods. 21.

1 Jan. 22 to Jan. 31
1 Jan. 27 to Feb. 1

X>* jF eb .

Feb.
Feb.

173

1 Jan.
l|J»n.
1 Jan.

23 to Feb. 1
26 To Jan. 31
27 to Feb. 1

Feb.
Feb.

l|jan. 21 to Feb. 1
1 Jau. 26 to Feb. 1

Feb.

1; Jan. 22 to Feb.

1

3*..................... -.reg3s, X9X8............ reg.
3 b, 1918...........coup.
3s, 1918, email.reg.
3s, 1918, m a il.,o'p .
4 b, 1 9 0 7 ............ reg.
4a, 1907...........coup.
4s, 1 9 2 5 ...........reg.
4 b, 1925.......... coup.
5s, 1904 ........r e g .
5 b, 1904..........ooop.
4a, (Cber.)1899.reg.

Q, -Mob.
3, -F eb.
d -F e b .
d -F e b .
Q .-F eb.
Q .-Jan .
d -J a n .
Q .-F eb .
d -F e b .
d -F e b .
Q .-F eb.
March.

Jan.
23

Jan.
24.

Jan. ! Jan.
25.
26

Jan.
27.

• 991,

• ggi,
99s* * 99*2!* 99*0
99 q»
*100 > * 1067* •106% •106% *106% 106%
’ 107*'* 107*s 107% 107% 107*2 107%
•107 ’ 107 ♦i07
•112
112*4 •112
*112% 113
113
*128*, 1288b •128*,
129»* 129 •129*,
♦ lll= *j*lll% . •1110*
*1127g,*113 *113
*102%i*102% •102%

•107 *i07
107
‘ 112 *112
1X2
*112%|*112%,
*128*»riZ8V
*129>,'*129*a
*111®8 *111 Sg
*113 *113
*102% ’ 102%

‘ This Is the orlee Did at the morning board; no ta le was made.

to
$4 Feb. 1
State aild Railroad Bonds.—Sales of State bonds at the
to
1>» Jan. 15 F eb .
3
l Jan. 24 to Feb. 1 Board include $30,000 Tennessee settlement 3s at 95 to 96-f£;
Feb.
1
IbfiPeb. I to Feb. 15 $80,500 Virginia fund, debt 2-3s of 1991 at 86}^ to 87 and
1**( March 1 Feb. 12 to Feb. 28 $10,000 Virginia 6s deferred trust receipfs, stamped, at
M
** p r e f. (q u a r .) ,
lh i
The market for railway bonds has been unusually active
I f l i e n o o dr O k a r& e ld , O . a I .p f .
Feb. 15
to
2b
N. E. Telep. A Teleg. fquar.) . ....
Feb. 15 Feb.
to Feb. 14 and generally strong. Transactions at:the Exchange aver­
lb
to
Omaha Water, 1st n'ref............ .
2 b Feb. iOj------aged about $7,000,000 par value per day, of which high-grade
Pennsylvania Coal (q u a r.),......
Feb.
I Jan. 22 to Feb,
4
issues formed a very small percentage. The movement of
Street Ry. A til. Prop .......... ..
Jan. 20 ------------to --------prices was irregular, although net changes are generally to a
W A L L . WTttBKT. F R ID A V* J A N . 17, 1 M I 9 .-3 P. M.
higher level. An advance of 5 points was made by Cleveland
The Money Market and Financial Situation.—A volume Cincinnati Chicago & St. Louis general is, Kansas City Pitts­
of business which taxed the facilities of the Stock Exchange burg & Gulf lsts and Oregon Short Line income B issues.
and the clerical force in brokers’ offices as they never were Stock and Bond Sales.—The following shows the volume
taxed before has been transacted this week in Wall Street. of business in stocks and bonds on the New York 8tootr
The public is in the market and its capacity for absorbing Exchange for thepaat week and sines Janaary l.
Week ending Jan. 27,-* •------- Jan. I to Jan. 27.------- *
securities seems at the moment nnlimited. The freedom IT. Y. Halts
Stock Kxch.
1909.
1893.
1899.
1898.
with which money is offered to borrowers and the low rate G<nr*nin»«isU>oadJ
$547,000
#80.000
$1,908,440
#022,300
105,000
37.000
367,700
07,200
that is obtainable on savings bank deposits and fund* held StatA bond*-...... .
25,020.010 *28,218,400
84,371,710
outside the circles of active trade have contributed RELA mlsc-bond*. 39,777,500
in no small degree to the conditions mentioned. Of
T o t a L , . #40,400,100
#25.149,010 • i‘*0,582.540
#85,001,210
o- ahATM
7.432.553
2.437,949
21,867.791
8.518,797
course in such a market as we have had this week a con­ S tock*-N
Par v a lu e ..*.#719,941,350
#230.883,075 # 2 ,117,433.2V) #33 7 .0 >3,175
siderable amount of speculation is represented, bnt after Ba&kaharaa, par rai
4,500
7,500
$11,750
#27,800
making allowance for such transactions the legitimate par
We add tbe following daily record of the transactions:
W eekending — ———Stocks---------* Railroad, Ac. Stale
<7. 8.
chases of high grade securities have been on a large scale.
Bonds.
Jan. 27,1899. Shares. P a r value.
Bonds.
Bonds
It is not surprising that the upward movement of prices Saturday...............
761,022
# 7 5 ,8 0 8 ,7 0 0
$ 4 ,8 3 9 ,0 0 0
#29 ,000 $325,000
has been accompanied by rumors of various consolida­ M o n d a y ...... . . . 1,603,441 1 5 0 ,0 5 3 .6 0 0 0 ,1 9 1 ,5 0 0
1,100
27.000
.. 1 .3 7 1 .4 1 0
37.000
1 3 0 ,7 0 2 ,4 0 0
7,000
6 .4 4 8 .0 0 0
tion schemes. Some of these were of enormous magni­ TWuaadaadaaayd..............
15.000
6 .9 9 5 .0 0 0
21.000
a y ...............1 .1 3 6 ,4 * 3
111,760,000
tude, bnt in most cases there is no evidence that such ru­ T b o n d a y ............... 1,597,597 1 5 0 .4 4 5 ,9 0 0 7.327.500 17.000 79.500
Friday.................. ,1,031,501
101 ,663 ,05 0
96,500
57.500
6.110.500
mors had any foundation in fact.
The open market rates for call loans on the Stock Exchange
T o ta ).......,,.7 ,4 1 2 .5 5 3 #719.941,350 #30,777.500 #165,600 #547,000
during the week on stock and bond collaterals have ranged
from ‘1 % to 8per cent. To-day’s rates on call were
to 3
-----------—
per cent. Prime commercial paper quoted 1 % to 314 per cent.
The Bank of England weekly statement on’Thursday S * « m l * 7 . , 7 1 ,0 7 7 7 ,0 0 3 # 3 1 8 ,8 2 5
3 1 ,7 5 0
2 7 ,8 » 0
$ 1 3 3 ,1 0 6
8 3 ,0 7 7
showed an increase in bullion of £714,266, and the percentage M o n d a y . . . 0 7 .8 0 0 1 6 ,9 5 0
3 5 1 ,0 0 0
4 3 ,3 4 8
4 3 4 ,1 2 5
7 3 ,6 4 t
8 9 7 ,4 3 8
8 7 ? .4 0 0
512,300
of reserve to liabilities wa* I-V90, against (i’SOlaet week; tbe TWuoeds od'iady'y. ... 67 61 ,8,1 44 00 11 13,6,0 01 03
2 0 8 ,3 7 5
6 0 ,3 8 8
4 3 .4 3 4
1 1 0 ,8 4 6
discount rate remain* unchanged at .'i1.; per cent. The Bank T h u r g 4 * y .. 8 3 ,8 3 3 4 3 ,1 9 4
4 9 ,0 9 6
260 850
6 3 .8 6 6
2 8 8 ,8 9 0
5 3 .0 0 0
6 0 ,5 4 3
3 0 7 ,9 1 0
3 8 ,0 0 0
1 3 3 ,0 0 0
7 2 ,4 5 5
•f France shows an increase of 8,875,000 francs in gold and F r id a y
1,926,000 francs in silver.
T
. . , 4 9 9 ,0 8 0
1 4 3 ,6 5 9 # 1 ,5 4 4 , .850
8 4 8 ,7 0 3
2 6 6 ,0 5 3 # 1 ,6 2 8 ,8 3 0
D ie te d
S h a res,

B o sto n .
U n lis te d
sh a res.

B on d
ta le s .

L isted
eK a rtx .

P h ila d e lp tU a .
B on d
U n lis te d
sh a res.
t o la .

otal

S i v roR K CITT CUtARTSrO ItOCilC STATRMRUT.

189S
Jan. 22

w

Capital..............
Snrpin*...............
Loans A dlsc'nU
Circulation.........
Set deposit*____
Specie.................
Legal tender*__
Beserve held___
Legal reserve___

Differen'«fr* m
rrer. xceek.

®t

16S0
Jan. 21.

*
i
*
s
s
............... | 59,022.700 59,772,700
59,072,700
75.107,900
...............
74.271,200 74.888.100
720.351,600 Ine. 3.505,000 623.470,10O 490.338.700
15 139.300 Deo 160,800, 14,593,600 ! 8.479 800
919,0* 1,100 1n. 13,268.100 7 ! 4.172.► 00 563,479,600
187,073,100 Ine 8,888,500:110,617.800 79.194.100
59,889,100 Inc. 859,200! 39,215,800 118,803,01 0
216,962,200 Ino 9.717,700 209.893,100 197.937.700
212,208,525 Ino. 3,317,100 178,018,100 140.869,900

Surplus reserve 34,693.075 Inn 0.430,000 31.275J200 57,067.800

foreign Exchange,—The foreign exchange market has
been alternately easy and firm, with very little change in
rates or general conditions.
To-day’Baotuai rates of exchange were as follows: Bankers'
sixty days’ sterling, 4 82 lt'®4 83; demand, 4 84^(34 85;
oables, 4 85J^@4
prime commercial, sixty days, 4 82>4'@
4 82q: documentary commercial, sixty days, 4 81^(34 S2‘q';
grain for payment. 4 830M82^;cotton for payment. 4 8iq
@4 8H£; cotton for acceptance, 4 82!£<94 82J£.
Posted rates of leading bankers follow:
Jan. 27

Sixty day*.

Demand.

Prime bankers’ sterling bills on London, j
4 83%
t 85 Hi S t 86
Prime com m ercial......................... .
4 8 2 q » 4 82%
D ocntr.cntar7 commercial................
4 S IR S * 92%
Parle bankers’ (franc*)...........................
IS 2 \ 1 ^ ,9 2 1 b s i e s t a l a ’ s
Amsterdam (guilders) banker*...-.......... 3 9 Ts A391&J*
4 0 l„ 9 4 f %

Frankfort or Bremen (relchmarksi b'fccr*

9 4 »„a 9 4 ^ i

94, s a n 4 U js

Note .—Tho total of sal** on the Boston .Exchange for the week endlac* Jan 2 », omitted !aat week on account of non-receipt of our telejrrara for Friday, were ns follows: Listed shares, 444,561; unlisted
share*. 145,906; bonds. $1,441,650.

Railroad and Mi seel laneons Stocks.—The distinctive fea­
tures of last week’s stock market have been emphasized this
week, including the enormous volmne of business, well dis­
tributed, the advance of gilt edged railway stocks, and ir­
regular movement of speculative issues.
The eagerness with which the investing public is purchasing
stocks is illustrated by the advance of New York Central to
140, Pennsylvania to 188Ji, North West, to 132’ Burlington &
Quincy to 141^. St. Paul above 130, Illinois Central 122, and
some other standard shares proportionately high. Of course
there have been recessions from the' quotations men­
tioned, but in most cases they are limited to a fraction
of the advance recorded. While this movement was
in progress Pittsburg Cincinnati Chicago & St. Louis fluc­
tuated over a range of nearly 20 points, Canada Southern
over 13 points. Reading let preferred a range of 8 points,.
Delaware & Hudson and New York Ontario & Western
nearly 6 points. Metropolitan Street Railway made a sensa­
tional advance on Thursday to 220^. against 19? on Wednes­
day. At the same time Manhattan Elevated sold 5^ points
above the lowest price of the week, and Brooklyn Rapid
Transit covered a range of nearly 7 points. Twin City Rapid
Transit has been conspicuous in largely increased transacactions and an advance of abonfc 17 points within the week.
With so much interest manifested in railway stocks it is not
surprising that the miscellaneous list has been neglected and
fluctuations in that department relatively narrow. General
Electric is an exception; it has steadily advanced and shows
a gain of about 11 points. Pacific Mail advanced 7 points.

THE

174

C H R O N I C L E — S T O C K P R I C E S (2 p a g e s ) P a g e i

[V o l. L X Y I I i.

flow York Stook Exchange—A Daily, Weekly and Yearly Record.
Sales

S T O O fC S -H IQ H B S r A N D '.0 W N 8 T S A L S FUTONS.
S a tu rd a y,
J a n . 21.

M on d a y,
J a n . 23.

T u esd a y,
J a n . 24.

F r id a y .
Jan. 27.

W ednesday T hursday,
Jan. 25.
Ja n . 20.

STOCKS.
N. Y . S T O C K EXCEL

R a n g e f o r y e a r 1 89 8 .

R a n g e f o r p r e v i­

o f the On b a sis o f to o -sK r e lots o u s y e a r f l 8 9 7 j .
Week.
Highest.
Lowest. Highest,
Shares L ow est.

R a ilr o a d S to ck * .
§183 Jan 4 180 Feb 3
A lbany A Susquehanna..
'200 . . . .
.. .
200 11 Apr 21 15 Feb 8
nn Ai
Arbor.
10 YXnn
15% •15
030 34 Jan 4 40%Feb 7
Do
pref.
39
39
40 Aug
39
39
22% 23% Atoh. Topeka * 8anta Pe. 105,221 10%Apr 21 19%Dec 13
17 Sep,
24
2211 23%
Do
pref. 000,089 22%Mar 12 52% Dec 14
63% 03%
03%
0U% 03W»
04%
0,247 *12%Jan 25 72% Deo 21
alt.AO.,tr.rec.all Ins.pd
72% 72%
74%
72%
711, 721,
B
21,507
31
Oct
10
58% Dec 21
Do new, when issued.
58% 59
57% 58%
SSI,
59%
Do pref., when issued. 16,154 68 Oct 12 70%Dec 21
79
79%
79
79%
78M 79
400
4%Nov 10
9%Dec 27
9%
9% Balt. A O. Southw., p re f..
9%8ep.
§105 Mar 9 106%Oct 19
Bost. A N. Y. A ir L.. pref.
•108%
i o 0 % .!.'!!! 100% ...
10 0 Oot.
•1065 ~?rm •106%
•100%
24%Sep 28 28%Aug 22
Brooklyn Elevat., tr. roc..
•28
8 %Oot.
so** •28
so"
Brooklyn Rapid Transit... 114,102 35 Mar 12 78%Dec 30
93
89% 92
09
03H 88
91% 94%
87% D ef
89% 91%
400 25 Mar 12 34 Sep 7
Buffalo Rooh. & Pittsburg.
34
34% •31
§3 a 3 3
35
81 Dee
•31« 35
•32
35
300 02 May H 70%Sep 7
•77
Do
pref
•77
78
78
70
70
78
78
•74
77
00%Dee
§89
Deo
12
§05
Mar
10
Burl.
Cedar
Rapids
&
No.
105
•108
•105 ......... '105 .. ..
'105 . . . .
70 Aug
3,487 72 Apr 21 90%Jan 20
85% 86
anadian Pacific.............
86% 86
82 Deo
86
85
85% 85%
185
85
Canada
Southern.......... , 53,430 44%Mar 12 58 D ec 16
80
70
68
60
62
04
00
03
60% 62%
62%8ep.
Central o f New J ersey.... 10,259 83%Oct 17 99 Dec 30
108 1031 102%104% 1 0 2 % 1 0 0 % 103 104
104 104%
103%Jan«
Central Pacific.................... 62,210 11 Apr 23 44% D «c 30
45% 48%
46
47
46% 47^
47% 48%
18 Sep.
48% 47%
Chesapeake A Ohio............ 160,700 17%Mar 20 20%Der 12
97
27%
27% 28%
* 6 % 37
27% 30% 30
31
27%Aug
1,590 §150 Mar 14 172 Dec 21
168 109
169 169
Chicago A A lton ............. ..
16V 169
170 Mar
108 108% 109 109%
Do
pref.
§160 Mar 24 §177%Deo 5
■*176 ....... '175 ......... •178
r 175%Nov
1 7 6 % ........ •170
Chicago Burl. A Q uincy... 118,050 85%Mar 20 125%Dec 30
1 8 8 * 189V 138% 141% 130% 139% 130% 139% 138 139%
. 1 0 2 %Sep.
65% 60% 05
Chicago A East. Illinois... 11,585 49 Apr 19 6 6 J’ ne 1
00
65
85V
06% 68
65
0~
i 61 Sep.
150 102 Jan 7 113% Feb 1
Do
pref.
115%115%
, 103 Sep.
138,329
10%
20%
Chicago
Great
W
estern...
18
Aug
22
9%Feb 24
17% 18%
15%
17% 18%
17% 18
16% 18%
20%Aug
1,100 71%J’ly 15 85 Dec 27
Do 4 p.o. debentures.
86% 87% 87% 88
84%
8 7 * 87%
87% 88
75 Dee
80% 87
54
54%
Do 5p .c. pref. “ A ” .. 11,025 28 Mar 15 54 Dec 13
00% 82%
5 4% 50
59% 61%
53% 54
50
59
43 Sep.
33% 34% 32% 34% 32% 33%
7,250 20 Apr 21 32 Nov 10
30% 89
Do 4p.c. pref. “ B ” ..
33% 34%
33% 35%
33%8ep,
830
9%
9%
•8 %
7 Feb 24 11 J’ly 27
•9
9%
9
10 Chic. Indianap. A Loutsv..
*8%
9%
•9
9%
13 Ana
777 23 Apr 10 38% J’ly 27
34
34
•30
34
•32
34
Do
pref.
•32
33
*8 8
8? *
•30
34
38%8ep.
127% 129
120 128% 128%127% 128% 130% 128% 129% Chicago Mllw. & St. P au l.. 108,774 83% Apr 21 120% Dec 30
128 129
102 Sep.
945 140 Apr 25 100%Dec 13
Do
pref.
168 168 1167% 167%
r 146 8 ep^
♦168$ 189% 1108% 169 1168% 109 *108 109
150 152% 147%152
147% 150
149 152% 151 151% 149%151 Chicago A North Western. 29,552 113%Mar 12 143%Dec 16
132%8ex
189 190
117 163 Jan 3 191%Nov 16
190 190 §192 192
Do
pref.
• .......190
. 105% 8ej
118% 120% 118 119% 119% 121% 120%122% Chicago R ock I si. & P a o .. 120,458 80 Mar 25 1 !4% D ec 28
190% 191% 1 1 S% 1 2 1
97% 8ei
97%
99%
Chic.
St.
P.
Minn.
&
Om...
7,135
05 Mar 12 94 Dec 10
97
97%
98% 99%
97% 98
97% 97%
98
98%
89%8ep.
740 §148 Jan 5 170 Nov 17
179 173 •172 175 1 170 175
Do
pref.
170% 171% 171% 172%
. l50% D ee
9% 9%
992
§9
9
19
0
4%Jan 3
•9
9^
9%Mar 3
9%
9%
J * Chic. Terminal Transfer.
3,380 22%Jan 3 37%Aug 29
37% 87% 36% 37%
Do
pref.
30% 38%
38
38%
38
39%
37
37%
50
54
57%
47% 49% 52
58% 00 Clev. Cin. Chic. A St. L . . .. 109,788 25 Mar \2 47%Aug 16 21%J’ ne 4l% 8ep
50% 01%
54% 01%
97% 98
97 100
96% 97
Do
pref. 15,554 77%Mar 9 97 Dec 19 03 J’ ne 8 6 % 8 ep
101 102% 101 101
99 102
7,270 ll% M a r 20 19%Jan 12
16% 10%
„ 14% 14% •14% 15%
15% 16% Clev. Lorain & W heeling..
15% 10
14% 15%
43
43
712 43 Nov 20 53%Sep 8 39 Nov 49%Dee
43
•......... 43
Do
pref.
44
♦42
43
43%
180
•180
*180
. J S \ . 4SJ4 ♦180
Cleveland A Pittsb., guar.
§174 Aug 8 161 Apr 108% Sep
170 J’ne
•180
•7
20u
8
•7
714 •7
8% Colorado Mid., vot. tr. ctfs.
*7%
9 Dec 22
5%J’ne 23
8
7%
120% 2014 •19%
19% 19% 20
20% 21
Do pref. vot. tr. ctfs.
3,803 14 J’ne 23 20%Dec 22
20% 20%
20%
7%
•7% 8
8 Col. A Sou. (when issued).
0%Nov 20
8 %Dec
1
8
8%
7%
54% 55%
53
3,193 43%Nov 22 50%Dec 27
Do
1st pref. (w. i.).
55
55%
55%
54% 55
3414 55
22% 22%
29
i2
2,181 14% Nov 22 20 Dec 8
23
23
22%
21% 21%
Do
2d pref. (w. i.).
22% 22%
3
3%
3%
3
4,180
3%
3%
3% Col. Hooking val. & T o l...
2% Nov
2%
3
3
3%
8 %Feb 10
18 Jai
§8
7% 8%
§7%
7%
1,481 12%Dec
Do
pref.
25 Feb 9
*7%
8%
. 7%
48 Jan
*34
113% 117
112 114
114 117% 114% 115
elaware A H ud son.___ 17,108 93 Nov 21 114%Feb 3
115 110%
115
123 Sep
D
168% 158% 150% 103
10 0 % 10 2
el- Lack. A W estern ... 10.720 140 Oct 19 159 Feb 5
100%101% 100% 101% 159%159%
r 104 Aug
30% 21j
90% 9 1 20% 20!
0,045 10 Apr 20 21%Dec 28
20% 21
20% 21 Denver A Rio Grande.
20% 20%
14% Aug
72% 73]
79% 73i
70% 72] „ 70% 72%
72% 73%
72% 73
Do
pref. 34,390 40 Apr 21 71%Dee 28
50% Aug
*20
21
•90
91
20
20%
10% 20
2,025
20% Des Moines & Ft. D od g e..
8% Apr 21 23%Dec 30
20
20
20
14%J’ly
•8
♦3
100
*3
3%
3%
2% Aug 5
3%
•3
4
3%
8 %Dec 27
0%Nov
f% Dul. So. Shore A A tl.........
•7%
*7%
*7%
•7%
510
5 Apr 4
Do
pref.
8%
8
8%
8%
8%
8 % Aug 23
10%Aug
15%
15% 10
rie.......................... .
7,572 11 Apr 21 10% Feb 4
15% 15%
15% 10
15% 15%
8 ep
19
40
42
41
40% 4L% E Do
40% 41%
1st pref. 34.720 29%Apr 22 43% Feb 11
41%
46%8ep
91
•21% 22
21%
22
2,780 15%Apr 22 21%Feb 11
22
Do
2d pref.
21% 21%
25%Aug
38% 38%
33
38% •38% 39%
1,516 22 May 9 41%Dec 30
39 Bvansv. A Terre Haute ..
39
39
39
34 Sep
74
74
•72
70
217 40 Jan 18 72% D ec 29
73
•72% 75
§71% 71% §72
Do
pref.
48 8 ep
•90
22
3,040 10 Mar 12 18%Nov 28
23% 25%
22
22% 22% 24%
lint A Pere Marquette..
14%Aug
F Do
145
45
§40
40
61 30 Aug 5 49 Nov 22
pref
49 Oot
•2 4
27
24% 24%
125 115 Nov 18 28 Mar 5
*23
20 Ft. W. A Den.C.,stam ped.
2 0 8 ep
•141.
% 16% •14% 16% •14% 10% ♦14% 10% •14% 10%
Ft. W orth A Rio Grande..
10 May 19 17%Dec 13
2 0 % 8 ep
1643,
167% 108% 167% 108% 166% 107% 100% 107% 100 " 167*
% 166
Northern, p re f.... 12,732 +122 J’ ly - 180 J ’ne 30
141 8 ep
G reat
§80 Jan
reen Bay A W estern ...
40 Aug
33%Feb 24
61
01
61
2 40%J’ne 23 50%Nov 20
Do debt oertfs. “ A ” ,
50 Dee
8% 9
8%
9
8%
8%
986
8%
9
Do debt certfs. “ B ” ,
8
9 Aug
7% Dec 8
8*
3%J’iy 9
u8B 122 118%120%
120 120% llinois Central................. 69,208 90 Apr 31 115%Dec 13
120%121
110% Aug
*100
•100
•100 . . . .
....... I Do leased line, 4 p. o.
♦100
§94 Feb 18 §101 Nov 10
9 7 Aug
11% §11
11
11% Ll%
13%8ep
1,713
7%Mar 18 1 l% D ec 27
•11% U %
11% 11% Iowa Central.......................
47
*45% 40
40% 46%
45% 40
4l%Sep
40% 40%
2,00? 25 Apr 28 42%Dec 27
Do
pref
13
13
•11
10% 11
1,505
12
12%
8 Dec 30
5%Oct 11
9%Aug
11% 11% K anawha & M ichigan!..
15%
14%
8 “ 15%
14
14%
14
14%
15% 17%
ian. City
...............................
Pitts. A G u lf..
29%8ep
8,170 15 Apr 26 25%Dec 1
15
*4%
*4% 5%
44%
5%
4%
*4%
•4%
•4*
3 Jan 27
4%Aug
10
5 % j’ne 11
5% Keokuk A Dob Moines.......
5%
5%
•17
117
17
18
§17
17
*17
•17
18
18
♦17
Do
pref.
15 May 12 18%J’ne 1 ‘
28%Jan
3i
18
•99% 82
•29% 32
•29% 32
*29% 32
32
*29% 32 Keokuk & W estern,..........
32
30%Oct
35 30 J’ ne 2 34 Jan 3
2
2 Aug
5 Nov 17
2 May 19
3.100
3%
5% Kingston & P em broke...,
3%
18
19
■'9% ♦18
10% 17%
20% 21%
18
20%
20% 22%
Erie & W estern...
2 2 %Sep
13,407 12 Oct 10 23%Aug 22
L ake
6714 •65
00
63% 64% 04
70%
7 9% Sep
71%
70
75
11,002 53 Oct 19 83 Aug 10
70
Do
pref.
•190 200
20 2
20 4
205% 208 •305% 205% ♦200% 205% •200% 200 Lake Sh. A Mich. S outh...
181 8 ep
500 170% Jan 4 215 Deo 14
02
62
02
63
03
04%
04% 05
05
09
55 Jan
12,053 40 Jan 20 59%Aug 10
08% 73% Long Island.
67 H 6714 00
08
00
67%
07% 68%
63%8ep
0«% 07%
08
09 Louisville & N ashville.... 120,795 44 Apr 21 05%Dec 18
114114 11714 112%117
114% 110% 114% 117% 110 117% 116 117% Y /f anhattan Blev.,consol 209,009 90 Oct 3 120%Jan 14
113 Sep
10714 1901, 197%190% 100 198% 197 208% 310 220% 210% 218% iR etrop olitan S treet... .
l33% D ee
83,808 125%Mar 20 194% Dec 12
7(4
7%
•714 714
*7% 7%
9%J/ly
1.100
7%
7%
4% J’ne 15
7%
7%
7%Dec 13
7%
7% Mexican Central...............
*•«
04
1%
2% Aug
*1%
1%
500
U4
l% M ay 2
%Deo 7
1*
1%
*1%
1%
1%
1% Mexican Nat’l ,tr. recta..
118 113 1113 113
113 110
114% 114% 114% 114% §112 112 Michigan Central
lll% S e p
1,035 9 9% Mar 12 118 Dec 15
4014 411, 41
42
41% 43
40% 41%
31%Sep
43% 45 Minneapolis & St. L o u is ... 12,720 24 Mar 11 38% Dec 27
41% 43%
•06
90
•98
99
•98
♦08
99
90 Sep
*98
99
84 May 14 100 Dec 22
*08
99
Do
1st pref.
7714 77% •77
78
77;
78
77% 77%
77% 78%
62%8ep
3,401 40 Mar 20 78% Dec 27
78% 78%
Do
2d pref.
•8
•8% 10
10
8%
0 Dee
*8% 10 Minn. St. P. & 8. S. Marie.
0%Mar 11
1,055
7
Mar
11
13% 1314 13% 14
13<
I 0 % 8 ep
13% 14%
3,700 10 Apr 13 14%Jan 20
13$* i f * i i “
13% 13% Mo. Kansas A Texas
30% 3814 30=
38
87)4
36% 38
42 Sep
37% 39
24,112 28% Mar 12 41 Jan 28
38
38%
Do
pref.
47!
49% 48
4614 < 7 „
4 6 * 48
49%
47
40%
40%8ep
47% 48% Missouri P a o l f lo ...,,.,..,. 210,575 22 Mar 12 40%Dec 14
88
38
37
37% 530
36
35
30%
32 Aug
30% 30%
37
1,591 24 Nov 3 32% Feb 7
37 Mobile A Ohio.......... .......
•170 18014 1179 179
•179 180%
i i7S%Dee
Morris A Essex
11 5107%Jan 4 5180 Dec 5
•75
90
‘75
90
85 Sep
ash. Chat. A S t Louis..
60 J’ ne 1 i 72%Nov 21
134 140% 135%141
134 136% 133% 139% 137%140
115%Sep
Y. Central & Hudson.. 143.309 105 Mar 20 12 4% Dec 10
135% 138%
18
>614 1744 1714 194( 17
17
17%
17% 18%
i7%Sep
17% 17% N. Y. Chicago A St. Louis. 10,570 ll% M a r 14 15%Jan 31'
76
70
7614 79
.. . 77
•75
80
8 l% 8 ep
75
75
810 73 Feb 19 70 Jan 31
Do
1st pref.
41
39% 40%
8044 40% 40
39% 40
43%Sep
39% 40%
4,540 28 Mar 25 40%Jan 29
Do
2d pref
30% 39%
§300 300
325 Dee
New York & H arlem ........
20 §320 Jan 5 §352 Oot 14
1 2 2 Mar
129% 130 N Y. Lack. & W estern ...
200 5120 Apr 20 §128 Nov 11
h o b ’ * iooi4 199% 200% §199
199
190%
199% 200 §199 200
185%8ep
N.
Y.
New
Haven
A
Hart.
1,929
§178%Jan
7
201
Deo
13
1014 1 04,
1914 25
22% 25
23% 24%
23% 24%
2 0 % 8 ep
N.
Y.
Ontario
&
W
estern..
390,343
23%
23%
13%
Apr
25
19%Deo
30
•05
....... •05
•05
•05
♦05
....... *65 ......... Norfolk & Southern.. . . . . .
60 Nov 23 05 Jan 28
19% 10 % •19
20
19% 20%
19% 19%
19%
19*
I7
% 8e»
Norfolk
A
W
e
s
t
e
r
n
.,.,....
11%
Apr
21
3*6*50
9
Apr
19%
Dec
30
19%
20%
07
08
07% 09
66% 08% 60% 08% 68% 69%
03% 70
Do
pref. 38,320 4 2%.Mar 12 03% Deo 28 22%May 48% Dee
47% 49
* KH 4 0% 4814 49%
47% 49
49% 51%
50% 515 Nor. Pao. Ry., vot. tr. ctfs. 18*3,913 19 Feb 24 44% Dec 28 11 Apr 22% Dee
80
8014
sm
79
80%
6014
79% 80%
79% 81%
79% 805
Do
oref. 109,5431 50% Mar 12 79%Sep
32% Jan 6 l% D ee
'
T h e ., are bid and anted prloee; no .a le . on this day.
§ Less than 100 shares.
t E x d ir and rights.
* Before payment o f assmt.
f 2d lnstal. pd.
♦too
•15%
•3314
am
8UJ,
§07
54
77*

•300
*15%
39
HS14
6a *
08
*7
55
54%
7714
77%
17
3y%
94

•800
17
>314
30
•38
94%
a at.
03%
8114
0H% 09
55%
55%
78
78

15*
30

•200
•is
•38

10

'300
15%
3«
93%
63%
73%
59
78%

iig

s‘l*

$

*1%

1$“

S!“

Alii*™*

.158“ 1,0)4

•a8

O U T S ID E

S E C U R IT IE S

S treet R a i l w a y .
NEW YORK CITY.
fit h Ful F—Stock.
1st mort 7s 1900... JAJ
B’ way A 7th A ve—Stook.
1st mort 5s 1904...JAD

Bid.

Ask.

38%
103 105
228
4101% 106%
Bd m o r t 5s 1 9 1 4 ___ J A I 5 11 2
115
Con 5s
AS
Stock Bxoh I 1st.
■ ’war S u rf 1st 5s gu. 1924. 11 0
118
3d 5s
as rental. 1905|{105 107
OfntralCrosstown—Stock 255 205
1st M 0s 1922.......MAN 511 9
C i n P k N A E Hiv—Stock| 185 100
f onsol
luoa.
J A D ltn i
118

—894

(G iv e s

at

foot

S tre e t R a i l w a y ,
Chrlst’ p’r A 10th Sb-Stock
ColA 9th A ve 3a-See Stock
Dry D E B A Bat—S tock ..
1st gold 5s 1932... J AD
Scrip 58 1915........ FAA
Eighth Avenue—S tock...
Scrip 6s 1914.................
4 2d A Gr 8 t Fer—Stock...
42d St Man A St N A ve..
1st mort 0s 1 91 0 ..MAS
2d income 08 1915.JAJ
Lex AvA Pav F Ss-Sec Stk
Metropolitan—See Stock

of

7

c o n s e c u t iv e

Bid. Ask.
170
175
Bxoh l 1st.
175 190
5110 118
102 105
880 400
108
375 3^6
70
80
117 119
99 too
Kxch 1
Exeh 1 1st

p a g e s) .—

S tre e t R a ilw a y s .
Second A venue—Stock...
1st mort 5s 1 9 0 9 ..MAN
Consol. 5 b, 1948...FAA
Sixth Avenue—Stock.......
Sou Bouiev 5s 1 945..JAJ
So Fer 1st 5s 1919. .A AO
Third Avenue—See Stock
28t,h A 29th Sts 1st 5s.. ’ 90
Twenty-Third St—Stock.
Deb 5s 1906............JAJ

S T R E E T R A I L W A Y S , &c.

Bid.

193
510694
119
215
112
{110
E xchl
{110
365
108%
190 “
Union Rv 1st 5s ’ 42. FAA {114

Ask.

S t r e e t K a il w a y s .

200
109M
11014
230
11214
114
1st.
117
420
100
200
110

BROOKLYN.
Atlan. Ave., 1st 5 s .. AAO
Con 5s g 1 93 1 .......AAO
Impt 5s g 1984.......JAJ
B. B. AW.E. 5s 1933. AAO
Brooklyn City—Stock —
Consol 5s 1941.......JAJ
RklynCrosstn58l908.JAJ
Brooklyn Elevated (new'

Bid.
{109

{105
{110
95
90
246
117
105
80
63
{ 99
Bv.nHg+sls' f p194lAAO 104

Ask.
Ill
108
111
98
248
81
04

THE CHRCNIGLE.—STOCK PRICES (2 pages) Page 3c

J an. 28,1899.]

8T Q O K S —H IG H E S T A N D L O W E S T S A L S P R I 0 B 8 .
S a tu rd a y, M on d a y,
Jan . 23
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STOCKS.

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Jan . 27.

175

R a n g e f o r y e a r 1898.
R ange j or p re­
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o f the On b a s is o f roo-sh're lots v io u s y e a r (1 89 7 ),
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51
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2,255 SSkJan 7 Q lk A u g 2 2
50 Q r. RR-& N.Co. vot-tr.cfs.
10 Apr
3,335 6 5*M ar 29 78 Nov 11 3TkJan
Do prof., vot. tar* ctfs.
70 k
47 Oregon Short L i n o .. ... .. .
3,328 1 9 * Jan 3 43 Dec SO I 7 k J ’ly
3,927 3 4 k J ’ne 27 48k Ssp 21
50
acific Coast C o ... ..........
83 P Do 1st prof............... .
70 Deo 5 91 J ’ne 28
08
Do 2d p rof.......... .
800 57 Nov 28 69 Sep 17
137), Pennsylvania.......... .......... i 10,07 s 110 k Mar 12 l28J.£Deo 30
Peoria A E a s t e r n ...,,..,..
1,000
3 k Oct 18
5 k F eb 1 l
73 Pltw b.C ln.C hic. A 3 t - L .. 30,880 38kJan 5 03>iDec 30
Do
pref,
2,90Oi 57 Mar 23 84k Deo 27
877,
Pitta. Ft. W. & Ch., gusvr..................]I10S Feb 25 il70W D oc2 5
6k Pittab. A W est., pref.........
18kD^o 21
24 D ending, voting tr. c t fs ..
2 3 k Jan 6
837, l v 1st pref., vot. tr ctia.
5 4k D ee 80
29 Jan 6
3874 2d pref., voting tr ctfs.
41 Rio Grande A Western —
32 Aug 23
6 9 k A u g 27
Do
pref7874
Rome Watertown A O gd..
128k Deo 27
O t J . i G . IsL vot.tr. cts8 k Feb 11
51
O Do
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63 J*ne 11
157, ........
Do
2d pref.
2 3 k J’ne 11
15
15*4
15K 10
U M 14k
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io H 13k
9 k N ov 29
■-H
9*4 D 'k
89
70
7ftk
73
Do
1st
pref. 5,996
09 k
69kD ec 13
03k
89
691*
71k
30 k 38
3-8
41
35 Nov 28
Do
2d pref
33 k
38k 38
39k 4 0 k
OK
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7 k D e c 37
S
SK
*K
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9 k St_ Louis Southwestern...
8k
814, a iH 24H
18 Dec 22
Do
prof.
24k 25k
8 3 ), 2 « k
i l K a a j,
St- Paul A Duluth.............
3 8 k Dec 27
U05 105
108 100
105 105
»0»H 1 0 5 « U 0 5 k 105k
100 Deo 28
Do
pref.
St. Paul Minn. A Man.......
175 N o v l l
38
30
38
37
38
35 Deo 21
a »K
8614 371*
SSk 3774 aa K 39), Southern Paclfio C o ......... 29,050
13
13K
ij-.,
10k Dec 14
1374 14 Southern, voting tr. c tfs .. 78,855
12M 13
i 2 k 1874 12 14 14
I7s< 49
*9
* «K 40k
Do pref., vot. tr. ctf»> 99,053
48k 50k
5074
48k D ec 13
**K 40 k
« 8 k 43
18
17w 18
10
17k 18
lias A Pacific.. . . . . .
12,130
17k 17k
30k Dec 28
>-K
ITH t a x
18k!
171 171
170 170
169
170
170 170 |
2.000
!9 4 k F e b 16
1 89k 170
108k 109
30
20
•30
30
two
•20
38
•33
20 ;
23
25 Sep 2 1
20
35
•35
40
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40
•39
49
140
40
48 Oct 19
Do
35
35
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40k ««K
00
60 W 60
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3 6k D ee 14
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52
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4
7
k
47
47k
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4 4k Dec 23
4ftl< 43k
48k
80
94k
7si* 85
a i k 33*4
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.. pref.
7 4kD eo 27
79k 3 i k
8074 82H
' l l 1* S3i,
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13
13 j (Ju-P.D. 4k G. tr. roc.2d pd.
1 Apr
lS k N o v 28
1*H 13
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1*74 13k
12k
H
3H
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abash..,.
4kM ar
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Do
prof.
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3 4H 8»H 844t a »K 34k
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84 « 24H
24k A u g 31
West Chicago S tre e t... . . .
.......... 87WApr 85 102**J»fi 8 1OOkNov
7
7H
15,075
k J T y 23
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#«
774
»«
7 ‘
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7k
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27
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0 ,0 lo
8 J’ly 9 30*jDeo 12
4 ap?
387*
28 ^ 3 8 k 2SV* 28
38
Wlseouu Cent., t o L tr.ctfs.
**K
1 J ’ no
3 k Jan 17
T llt c t lU o k S to ck s.
422 *97kA pr 20 1180 Feb 10
109 109k • 10 8 k 1 0 « ttuo n o
* dams Express.
H id
n o ,H 0 9 k l t d
8 5 k 36
/A m erican Cotton O U ,... S lt?6o 15kMar 25 39k A u g 20
35k 3*k
8-5k 86
3 5 k 36
8®k 90
l o o k 90k •89k 90
90
90
Do
prof, i 1,082 60 Mar l i 0 0 k A u g 22
00
90
~
*43
45
American District Tel .. ..
90ft 92 May 13 33k D ec 17
4-*k 4,3
i i k 41k
188 13* 1138k 140 HU' HOut40 US *U1
825 1116 Jen 5 1133 N or 0
A inert can Exp r e s s . j
145
38
S6k
3 4 * 57U
American M a ltin g .......... 44,59-1* 24 J ly 8 38 Aug is
* »H 33k
Slk 35k 8?K 83k
•84k 85
85
86
■
Do
pref -1 13,004 7 * w r iy 5 88 Deo 28
8 3 k 87 ! 85.k 87k
1 3 k l$H
13H
American S p i r i t s 17,302
8kN ov
13
I Ski 13
« k J «n *0 lB k J ’ne »
18k 13k
18 13)4
33?k 35k
86
39
35k 37
Do
prof
8,900 l « Mar Srt 41k A u g 95 15 Doc
S3k 35k
88 86k
153 34 I •30 63 1 49
30
Am.St AW .Ji& W .S ACo.c
1.145 *5 k 8 «P l * 50 Dec 27
49
49
*47 49
1*95 138 l•**X
l .8 195
1*0 f f . . , . .
™
Do
pref. i
425 92 Sop 14 118 Dec 30
....... * *—
*.*». 18*
....................
23!H L33k 19944 133 19944 l » lk 199U 133
UP* 133*4 U<H U4k American Sugar Refining,! 107,90* lOTkMer 8rt 14»H A u« 98
1,907 103 Mar 25 110 Jan 0
Do
pref.
113 113* *18 21S 1 l i t * 112*: U8H US U12 113
t io o “ ib o ‘
American Teles. A C able..
•99
100
199 TOO 10$n 101
HOI
101k *161 103
"**
980 189 M«lt 90 I 08k D ec 12
146 147k; 144* 148k! 145 149 I4«k 143
H «k 147* American T o b a c c o ......,,. 85,80ft 83kJan 24 I5 3 k $ «l IV
146k 143
1 1 3 9 k 1 8 9 k 1137
m * 137 13*
188
188 138
998fl i-ik>U r 1! l3 5 k A u g 9 0
Do
pref
*88 100 ! •99
10O
98 100 * 9 0 tod
100 100
190 78 Mar U 101 Sep 19
*99 100
Do
dividend scrip 1
6k
7 i
7
7k
HkOct
ay State Gas................... 42,079
JkM ar l l
6k 7
6k 7
ft* 7
9 k Dec 87
0k
th
U2*j 143
43 143 *142 1*3* 142i*l**k 140k 141
143
rooklyn Union G a s.. . . .
970 106 Mar 20 140k Dec *7 85 Jan
IBM
l i t . I ’ M J13 flu
15
15k) IB
HC . Irupvt.
4. 910! 7 k O ct 4 14 J ’ ne rt
14k 14k l *k 15 Brunsw. Dock A
84k 34k 3*74 34*: 3S* 347, a ,3 * ,3 34k 3-’ k
95k / 9>k>radd Fuel A Iron.... 10,3*5 17 Mar 12 a n * Dec 2 ; 15 k J’ ne
•Shi
97
•9* 97
•98 07
92
92 V / Do
pref.
100,75
praf.
.*■ Aug 19
» - I 90 Dec 28 70 Nor
•91 97
•7 1 8k
^8k| . 7k 7k;
SWJ’ ne
27
7 k C ot A B ook. Coal A Iren .
53t
4kJ/ty 25
7k
7k
*
7
*
192W »4
8,3 1 8'164 Oct _ 2 05 k J ’no V 13 6 k Jan19<k Consolidated Gas (N . Y .) .
l ? i $ { H fi\
1»<T* 192k, 190 ’ 198
45V
6k 46k 4 0 k 40k: 4 0 k 47
8,39t. 27WMar 25 52 Sep 2 28 Nor
4 6 k 47k
4 » k Consolidated loe.......... .
46k 47
92
•99
i8
94
93
93
•90k 9.4
Do
pref
3,520 33«4Apr 2H 94 Dec 1 80 J’ ne
•91
98
•50 ......... •50 . . . .
•50 ....... . *50 ......
40 . . . . . .
Consolidation Coal.,.,................. 40 May 17 46 Oct 25 35 Fob
Detroit Gas................... .
...... 45 Apr 30 07 Sep 16 80 Jan.
193 1984* 19 7 k 197 k 197 197k 190 197
195k 195k «dIson Elect. 1IL ( H. T.)..
1.033 119 Apr 8 195 Dec 20 101k Jan.
53k ft*k
5 * k 54
53k 544* Lkderal SteeJ (when l*s. i J39388 29 Oct 17 52 Dec 30
5»k »5 k
59k 54k
3 4 k 35M
09M 84 u H8k .8 4 k H*k « 5 k 83k 87k 80k 07k 1 Do
a->H 347.
pref.
do
127.63« 09HOct 19 8 3 k Dec 27
i o i w lo a
102 k 107
10714110 ' 107k i l 6 T 110k 112k III ll*v* General Electric .*. ..... *0,431 7ft Her 15 97 Dec 28
71
72
7014 7 4
79<*iGlucose Sugar Refining .. 15,^2*' 0044DOO 10 72k D ec 27
70k 71k 70k 70 k; 71
7*k 71
110 110
1034( 110
109 k lh « k 1110k U 0 k 108-i 10M4< •|0« 109
Do
pref. I
066 107 k Dec 10 lO0kt>«« *7
3744 374, •53k *5
59
59 Hswalian Com. A Sugar.
300 154*Apr 22 61 Nov 10
•50k 01
»5 8 k 0*
•58k **
103 1«374 103k 10494 1 0 * k 1JJ4S<| ! 0 * k 105k l 0 i S l0 8 ^4 107 107k O. R C la ft ln C o ...... . . . .
4,32* 1874<J*ne 20 VrtkDoc 3
8 i k J ‘ iy
67
00
60*
65 k
05
07k
05k 00k International Paper......i 45,40« 48 Sep 14 67 Dec 88
0 4 k 0044 0 5 " 07k
94
*97? 93k
94k| 9 3 k 9 4 k
8.140 85 Sep 37 95 Doc 80
pref
94
94
9 3 k 04H
9 3 k 9.1k 1 Do
*70
55
----50
50
50
50k 67
57
Dec
30
1,575;
5
*44
Dec
29
KoJcfcerboofcer Ice (Chic. )
5 0 k 56k
50U 50k;
•to
a,->
—.
60
79
79
•9
1.230 81 I>ec 29 8 2 k Dec 30
74k 80k
Do
prof
•53
2.508 37kMar 25 S tk A u g V 22 May
S8H 6 * k 53kj 59
*38
54
53
aclede Gas (St. Loots)
53k| $
53k 33k
•98 100
•93 100 J 98
9H
96
96
*93
Do
prof 1 500 93 Mar 12 WftkAug 8 70 k Mar
90
98.kj 97
♦48
53
50
135
55
35
•SO 37 Maryland Coal,
55
■ ■pref.
■■nm P
120 45 Mar 28 54 Dec V 40 J ’ly
50
55
55
02
53 k 5 7 k I ® »k 6 5 k
S *k 3 * k
54 k 55k
5 < k 5 * k ^rational m scalt.,,....’ ] 11.550 SOVsAng 1 5 2 k Dec 22
1Q0U 107
•J95 9 4H Aug 1 108 Dec 20
100 100 ,*l04k 108 •104k 107k *103 106 M05 100 4* Do
pref
39
40
3 3 k 39
4,871 20H Mar *6 3 »k A u g 23
3 9 k Natlnuai
9*H.
3744
38 k
39
39k 38
_____
115 U S m *k us
1,00* 99 Apr 22 14kD eo 13
113 113
Do
pref
l| 3 k W Jflf*1 1 9k W4
18k
10
*8
0k
National Linseed 0 1 1 ......
0k *9
9kS*jp i: 21kM ay 23
9 Feb 10
.............
N aU p n algia rch ..,,, .........
HkNov 14
.................Do
1st pref
ttO Mar 25 80 Jan 18
..... .....
Do
2d prof.
l* k O c t 31 30 Jan 27
*37
♦37
*2
•37
4ft
42
49
•42
4ft i New Cent.Coal ( new stock),
950 40 Oct 18 43 Sep 13
43
49
•40
154 157
149k 133k 140 130
149k 14W.H N. 7- Air B ra k e.,,.........
3,820 14 Apr 5 120 Ser> 1«
14« 150
149k 15*
7)4
7k
Tk
9
7 k Dec 2
7k
h
North American O o .. . . . . . 32 ,000
•K J K
4WJan 15
7k
Ski
•ft
•«
10
0 k Doe 1
•ft
10 Ontario Silver.
........
.....
• r 4 . . . 8!4
SkJan 4
40
4ft
46 «
5 1 k 5 3 *: p a c ific M a ll,,...* ............ ,119,449 *1 Apr 21 48 Deo 27
50
52k
* m '4 « k 4 9 k
109k U 2 h 113
116k l t « k ; *■ eopTsGa»-LuAC.(Chics.} 100,210 80kM ar 26 119 Nov *8
156 150 | 156 157
1 5 «k
•left 158 Pullman’s Palace Car........
4 ,0701x132
~
Nov 3 316 J'ly 5
3
•*k 8
3 Doc 14
•2k
3
»,to o
3
3 r^odcksflver Mining.........
3
3
*2k
*
IH^ep 30
8
•9
19
♦9
12
9
11 k Dec 28
B
j
’ ofl
•v
10k
W
Do
pref.
100
•9
10
*9
tOW
9
$4
34U 857, 25
25k
2444 2Skj standard DUUtADlstrlb. 12,140 lOUDec 16 3 3k N ov 18
*4W 2 5 k ' 2 5 k * 5 k
?J k
7
80
79
"OH 79
80
79k
7 9 ^ 0 Do
prof.
5,9*9 06kN'ov 1 75 Nov 18
79
80
X79H 7 9 k
■
to
9
2 k Deo
9kJan 3 lO kA n g 20
9,740
*H 10
874
1 0 k I"l k standard Hope A T e lu e .
»k
9k
9 k 10k
40
39 H
8»M 4 0 * 39
45
4 8 h rp « m . Coal Iron A RR . . . 1 47,079 17 Mar 12 3844 Dec 27 17 May
4 »k 4*k
*344 45k
115 117
120
84 3 ISO Aug 17 105 Dec 32 65 Apr
....................
120 125
....... 4 Dv
prof.
6 Apr
1«V4
4,700
5 May 27 12kX>©c HO
15
1474 1474
i 5 k 15kI Texas Pacific Land Trust.,
>iH
W k 15k
15k
t 5 'K 8*
B8M 155
57
15 7
57
IT oiled States Express .
155
761! 88 Apr 14 I 58kD eo 5 37 Feb
65
0HMay
States Leather
.. 88,489
SWApr 95
7k
■ 7k
7 kl U nnlted
-----------------|r
7k
7*4
. 78 " 8 "
7 8!, 74S, 73
iV *
50 Apr
7 l*
73s< 74kl
Do
pref 52,595 5SMMar 26
7 3 k 74 k
tIB
47
47k
46k 47)4
31
53 j 5 1 k 63k! United States Rubber....... 81,061 1 4 k M « r l2 48k Aug 17 10 J’ no
464,
46k 4 9-k
1 1 4 k l » 5 k 1 1 4 « 11774 it 5 k
lift 119
117 ISO 1 117 118k|
Do
pref.
0,505 00 Mar 12 ItSkD oC 12 50 J’ly
1*5 129
1129k
----J
‘
40|m*kMar -ft I lS lk D e c 8 97 Jan.
93
98
ik M ar 90- 95HAug 17 7 5 k May
9 5k »5H
9ftk
96k 9 3 k 9 0 k 9 7 k
96k
98
9 6 k » ^ estero Union Teleg’b. 94,086: 89kM
• Bid *nd asked prices ; no sales on this day. I Lees than 100 shares. * « x dir. o f 100 p. «. la bonds. ) Old stock. tUnsUmped. T1st asst. paid.

woitwofi R

L

41 Sep
7 8 k Sep
8 3 k Aug

14k Dec
l lk S e p
9kSep
21-kSep
112 Aug
6kJan
89 Jan
4kA ng

15k Aug
88 Aug
lOWWSeP

laikSep
94 J’ne
OftkAng
115 Aug
10k Aug
187 Sep

lO lk O ot

4 »k 4 a#
9fl Aag
63 Deo
44

Sop

liw.fSS

Si

O U T S ID E

S E C U R IT IE S

H xreet K n l l v a y * .
^Tcyu vnsCo.ASub. 1it 5s.
>>n#ol 5# not guar— ,.
817n Rnp.TrMS.—Sm 9t,
sLCem G r.A B 'kyulft ft§
aaey island A Brnoklyit.
1st 3* 1904............JA J
5* cert f» ini bit 910 JA J
BX C-A New 5* *39 JAJ
•r-St-ANew IstSs'OOAAO
I p l A Lorimsr SC 1st fts
lin g s Co. Elevafc.—Stock
Indomee. .....................
Bonds—
8t. -c> Bxcb.

Bid.
♦110
84
ck Ex.
n iv
370
103
101
♦t i t
104
108
5k
0
L'*t-

(G r v B N

a t

foot

of

7

c o N B E c im v B

p a s b s

1Aik.
S tr e e t R n liw n y * .
S t r e e t R a i l w a y s . : Bid.
CltUens’ St (Ind’n a p ) - ^ '
118 i Nassau Elec p re f. . . . . . . . .
70
5s 1944. ................ A AO 104
Claveland City R y ............
4s............................... .
99
List
Clevel Cab-1st 5e '0 9 .JAJ
i i ak N ew W m b'gA FIlstex.4k* 178 100
Cleveland Electric R y---180 , N TA Q usC oSs 1940.AAO .........
Con 5s 191-1.......... MAS
105 !
Stein way Ist8s1933J A J ! 114k
Columbui (Ohlol—Stock.
t03
OTHER CITTESCon Se 19S2-S*< Phi la
1 1“ |I Halt Consol—Sfcock—8rs Balt L
Croist’wn—1st 5 9 -See P
10*
Consol T ra ct'n jN J )—Se*
Bridgcp Tr-inf. 5s '23.JA-! *104k
80
Buffalo Street Ry—Stock.! 85
Lake St (ChlclElev-Stock
118
deb 5* 1928.............JAJ
»Kj| Ut consol 5s 1031 . VAA lift
Cfoestown $# 1033M4N 112 113k I/Otilsv St R r—5 p c bonds
I Chicago City R R -8 to ck . i 900
* Common...
..........

).— S 1 R E E T

Bid.
Phila
81
{1 05k
82
♦104
64
Listblla L
Phila
18
♦ 84
♦116
41

R A IL W A Y S ,

Street R a ilw a ys.

Ask.

list.

»

lo o k
88k
105
0 4k ;

M etrop

o u Ibv

1I k Jan
80>tS«|
80 J’ly
9 Aug
48 J’ly
10 k Aug
72 Sep
25kJa&
70kJan
20 Dee
90H8op

a t R y — P r e fo r r o d .

TynnABoa-lstSs '34.JAD
W est S id e (C hic).
1st 5s 1942............F&A

M in n e a p S t R y - 5 s ' 1 9 .J A J

New Orleans Tr—C om . . . .
Preferred. . . . . . . . . . . . . . .

1st. j Notes 8 b 1904 ....M A N
list. I North Chtcagf>™Stock.. . 291
85
118
44

<&c

Bid.
104
♦109
474
74
♦100
474
15

Aak.
I00
110
5
75
10«74
S74
10

224
1st 5s 1908-10....... JA.I MOD
18
10
No Shore Tr (Bost)-Com .
88
85
Preferred....................
!
Inter ant.
ft Boyer pars scorned
j

THE CHKONICLK-bond

176
i?'
BONDS
S .T .8 T O C K E X C H A N G E }
W s k k E n d in g J an 27.

111

U a ngc
Tear

P rice
F rid a y.
Jan . 27.

prices

(5 pages) k-AB* t
■Price
F rid a y ,
J a n . 27.

BONDS.
N.Y. 8TOCK EXCHANGE
Week Ending J an. 27.

1898.

P ol. LXVI1I.
ffecK's
R ange or
L a st Bale.

R ange
T ea r
1 89 8 .

B id. A s k Low . H igh. H o. L o w . H ig h
118
B id . A $k Low. High- H o. L ow . H igh C A O -(C on)—1st oon g 5s ’ 39 M-N 118*4 Bale 118*4 119)4 26 i l l
113 110)4
116)4 Jan.’ 99
kron * Ohio J no. S«, BAO
R egistered.......... .....1 9 3 9 M-N
A l.tMim. Cent. See Sou Ky. j
73)* 91
9**4
'*90*' 8ale ’ 93)4
Gen
gold
4)4s...............1992
M
S
91
98*
100 Jan.'90
92)4 Jan.’ 99
Alabama Mid 1st gu g ... 1954^! M- N
Registered............ ..1002 M -8
10 JH
Albany A Susq. 8 *4 L) A LI- I
R A A Dlv 1st con g 4s. 1989 J - J 105)4 Sale 105)4 105H
97
97 D e c ’98
Allegheny Val. 8*4 Penn Co.
2d oon g 4 s ................1980 J - J
95)4 May’ 9b
99H
A m D ook A L 8 *4 Can o f M J
Craig
Valley
1st
g
5
s
..1940
J
J
90H Warm SprVal ls t g 5S.1041 M -S
89’4 42 81
89
89
90
Ann Arbor U t g 4 e ......l9 9 J Q -Jt
85
100
1702
102*4
Sale
108)4
108)4
97)4 104
i0 S Jan.’ 9 9
A U h T A 8 F eg en g 4S.1905 A -O
Ell*
L
ex
A
B
8
gu
g
5
s.
1902
M
S
32
89*4
89*4
109)4 118)4
110)4 D e c ’ 98
Beg1st*red.................1995] A - O 104 Bale 101*4 102* 27c9 54*4 79* Chlo A A lton sink fd 08.1903 M-N
8314 Bale 82*4
83M
107 111
107)4 Jan.’ 99
Adjustment g 4i.,..,.lW 95|N ovt
Lou. A Mo Rlv 1st 7 s..1900 F- A
107 107
107 J ’l y ’ 9b
B W l s t e r e d T ....................1 9 0 & N o t 1
2 d 7s...........................1900 M-N
■quip tr ser A g 5» . .
J
Miss Riv B 1st s f g 0a..1912 A - O
ChtoA 8t Louis Ut0*.1016|M -B
Chlo Burl A Nor. See C B A Q.
05
110 Jun.’OO
A ll A t Bklyn Imp g 5 s .. 1934, J - J
.1 114*4 Sale 114*4 115
Chlo
Burl A Q -C o n 7s.. 1903
95
102*
Atlen A Danr 1st g 5s.. 1950 J - J •100 102 100)4 Jan.’99
O •102 ....... 101*4 N ov’ 98
Sinking fund 5s........... 1901
Atlanta A Char. 8 *4 Sou Ky
Debenture 5s................ 1913 M-N •100)4....... 111 Jan.’ 99
Austin A N W. 3 *4 So. Pac.
Convertible 5 s . . . . . . . . . 1903 M -S 139H Sale 138*4 H 0)4 80
L) at Creek A 8. SreMichCen
Iowa Dlv sink fd 5 s ... 1910 A -O ►113 ....... 11 L)4 D e c ’98
100
118!
Jan.’
O
O
A
-0
110
D ill A O 1st 0s Pkbg Br.*10
.................................... 1919 A -O •104)4 . . . . 104)4 D e c ’ 98
111*4 115; _
115 Not‘98
100 ....... 102 Oct.’ 98
Trust Co. ctfs. o f dei
80 118)4 Denv Dlv 4 s ............... 1922 F - A 100
115 OCL’98
>-1935
102 100)4 100)4
Gold 5s............... 1
Southwestern Dlv 4 s ..1921 M -8
Coupons o iL .....
F
-A
Colo
A
Iowa
Dlv
5
8
....
1905
118*4
95
120 Jan.'OO
107)4 108
Registered...... 1885-1925 F-A
107
108
95)4 104)4
M-N
Nebraska
Exten
4s.
.
.
.
1927
90 118
120)4 Jan.’99
97
97X
97 May 98
Speyer A Co. oertf o f dep
Registered....... .
1927 M-N
119 I f 3
122*'
’
.
*.’
.
!
!
122
D
e
c
’
98
Trust Co ctfs o f deposit..
M
-S
Han.
A
8t.
Jos
con
0S..1911
97*
118)4
11*8)4 8ep.v98
105
110U
108*4
D
e
c
’98
Oonsolgold 5 s .........1 9 8 8 F-A
A
0
103 110*< Chic Bur A Nor 1st 5s. 1926
110 Ang’98
Registered.................1988 F-A
114)4 i i t S
97 118*4 ChioAB 111—1st sf cur 0 b. 1907 J - D 115)4 118* 115 D e o ’ 98
118*4 Oct.r98
j p M A Co otfs of dep..
Sm all............................. 1907 J - D
122 184
Trust Co oertfs deposit..
134
134
1 sto o n g 0s ................. 1934 A -O 134
105**
Dec
’*98
M-N
Balt B'lt 1stg 5s intgu. 1990
101)4 109)4
111
111
General con 1st 5s. ...1 93 7 M -N ♦108
101 100)4
W Y i A P 1st g 5 a ....1390 A -0
103)4 N ov’ 98
M-N
Registered
................1937
Monon Kir 1st gug5s.l91U F-A
100)4 109
105 Sep.’98
09 108)4 C h lcA In d C R y 1st 5s. 1936 J - J 105
i Jan.’99
Oen Ohio K 1st og4 U sl9 3 0 M
75
75 Chicago A Erie. See Brie.
i Jan.
ColAClnM Istext4)4sl039 J
105 105 Chlo Ind A Louisville—
i Aug’98
A kA C J Istln tg u g 5 s.l9 3 0 M-N
J
Louisv N A A Ch lst0 s..’ lO
100 105
i Nov’ 98
Coupons off.. . . . . . . . . . . . . . .
105)4 107)4 Chlo Ind A L ref g 5 s.. 1947 J. - JJ
107)4 J'ly’
Pitts A Con 1st g 4 s .. .1940 - J
Refunding g 6s. . . . . . . . 1947
98% 105
107*4 Jan.’99
B A O 8 W Istgu g4 ^ s.l9 9 0 J -J 110
70
90 C hM A S tP -ls t 7 a $ g R D ’ 02 J - J
93K
94
J 92
B A 0 8 W K /con g 4 )4 s 1993
1st 7s £ gold R D ....19 0 2 J - J
31
27
32* Jan.’99
1st Incg 6s ser A . . . . 2043 NOTt
162 D e c ’98 •
1st Iowa A D 7s........... 1899 J - J
13)4
12*4 Sale U
0 * 12)4
8erles B..................... 2043 Dect
161)4 Jan.’ 99 •
IstC A M 7 s ................. 1903 J - J
B A O 8 W Ter Corju g 5s.’42 M-N
163
163
J
J
Chic
MU
A
St
P
co
n
78.1905
104 105)4
109
109
Ohio A Miss lstoon 48.194? J -J 111
101)4 Jan.’99 .
l s t l A D Exten 7 s . . . . 1908 J - J
120 124
130
129
2d oonsol 7s............... 1911 A -0 130
121
121
J
J
1st
Southwest
Dlv
08.1909
100
108
105* 105)4
1st Spr’gfleld DIt 7s. 1905 M-N 100
us^ N ovos •
1st La Crosse A D 5s. .1919 J - J
1st general 5s............1932 J -D
121
121
J - J
1st
So
Minn
Dlv
0
s
.
...1910
Beech Creek. S esN Y C A H
129 Jan.’ 99
1st Hast A D Div 7 s ...1910 J - J
Bel A Car. 8 *4 Illinois Cent.
109) 4 Dec ’ 98
5 s ................................1910 J - J
Boonev Bridge. See M K A T.
122 D e c’ 98
J -J
Chic
A
Pac
Dlv
0s.......1910
Bway A 7th A t . Sm MetS Ky.
121
121*4
J
J
Chlo
A
P
W
i
s
t
g
5s....
1921
SI
79
95
103)4
103)4 Sale 103
■klyn El Tr Co of Istg0sl924
120)4 121)4
Chic A Mo Riv Div 5s. 1920 J - J
86
80
86 J’ne’98
Tr Co ctfs 2d g 5s.......1915
107 M ar’9o
J
J
Mineral
Point
Dlv
5S..1910
08
08
08
May’98
Sd Instal pd.......................
112 A pr.’ 9S
Chic A L 8u Div g 5s. .1921 J - J
99)4 Jan.’ 99
8 A BBT Coots lstg u g 6 s ’ 42
113 N ov’ 98
Wls A Minn Div g 5s. .1921 J - J
3d lnst&l pd...................
115*4 D e c ’98
J
J
Terminal
gold
5s.........1914
94)4
80
103 Sale 102)4 103*
Dn E lT rC oofs lstgug0s'3T
127)4 Jan.’98
Far A Sou assn g 0 s ... 1924 J - J
91 109
110
Bklyn Rap T r g 5 s ..........1945 A- O 110 Bale 110
100)4 May’ 97
Cont sink fund 5s.......1916 J - J
112 117)4
117)4 Dec’98
Bklyn City 1st oon 5s 1910-41 J - .1
114 D e c ’98
J
J
Dak
&
Gt
S
o
g
5s.........1916
102*4
100
108
108
Bklyn QCo AScon> ug 5s *41 tt-N
Gen gold 4s series A . . 1989 J -J § 111*4 Sale 110) 4 1H54 27
Bklyn A Montauk. See L Isl.
105)4 Feb.’ 9-'
Registered........
1989
J
-J
Bruns A West 1st g 4 s .. 1938
1 2 1 )4 ....... 121 D e c ’ 98
Mil A No 1st M L 0 s ..1910 > 5
Buff N Y A Erie. See Erie.
1st consolOs........... .,1913 J - D •125 120 123 Oct.’ 9s
104)4109
Buff R A P gen g 5s. ....1 9 3 M-S •108 109)4 109)4 Jan.’99
144 Jan.’ 99
F
Chlo A Northw—Con7s. 1915
Debenture 6 s ............ 194 J - J
113
Sale 113
Gold 7s......................... 1902 t - l
127 127
127 Mar’98
Booh A Pitts 1st g 0 s..1921 F-A
Registered.................1902 J - D
. 115*4 113 Jan.*99
122 125
128 Jan.’ 99
Consol 1st 0s..........1922 J-D
Jan.’
99
110
110
113
A
-O
Sinking
fund
0s..
1879-1929
103
Apr’
9
Cl A Mah 1st gu g 5 s .. 1948 J -J
117)4 Oct.’ 98
Registered.. . . . 1879-1929 A - O
Buff A Southwest.. See Erie.
109)4 109)4
Sinking fund 5s. 1879-1929 A -O *109)4 .
Buff A Susq 1st gold 5s..1913 A- O
108) 4 Dec *98
Registered.......1879-1929 A -O
R egistered......... .....1 9 1 3 A-O
122 Jan.’ 99
104*4 109
Sinking fund deb 5 s .. .1933 M -N 122
108)4
Bur C R A N 1st 5s........ 1900 J -D 108)4....... 108
119)4 D e c ’ 98
100 110)4
Registered.................1938 M-N
Con 1st A col tr g 5s.. .1934 A -0 112)4 Sale 111
112)4
110 Jan.’ 99
N
25-year
debenture5s..
1909
Registered.................1934 A -0
Registered .. ... ... ..1 9 0 9 * - N 108)4 110 109) 4 M ar’ 9*
M A 8t L 1st gu g 7s. .1927 J -D
105*4 105*4
30-year debenture 5s.. 1921 A - 0 *110*4 .. . 110 D e c ’ 98
ib'iji NoV’98
C R 1 F A N W lstg 0 s..'2 O A- O 107
105 195
Registered................. 1921 A - 0 *108)4 110 117*4 Feb.’9 105 Jan’ 99
1st gold 5s....................1921 A-O 109
100)4 106)4
107*4 111U
Extension 4 s ....1880-1920 F- A 100 ..
110
110)4
1st 5s... 1908 J -J
( CanadaSouth
103 J ’ne’ Ob
105
l
l
l
k
Registered.......1880-1926 F - A
111)4 111)4
) 2d 5s..........................1913 M-8 110)4 .
103
Gen gold 3)4s................1987 M-N
>103*4 103
100 Jan/97
Registered..................... 1913 M-8
103 N ov’ 98
Registered..........
1987
Oarb A Shawn. Set Ills Cent.
107*4
May’
9*
Escan
A
L
Sup
1st
0
s..
1901
?:S
Carthage A Ad. Ser NYC A II.
Des Mo A Minn 1st 7S.1907 F-A
0 B la F AN. 3tt B C R A N.
Iowa Midland 1 st8 s ... 1900 A -O
Oen Branch U P lstg 4s.1948 J -D
92*4 Sale 91)4 92*4
W inona A St P et2d 7 s.l9 07 M -N
Central Ohio. 8 u Balt A O.—
117 Jan.’ 9"
Mil A Mad 1st 0s........1905 M -S
Oen RR A Bkg Co o f (ia.—
111 Jan.’ 99
91
Ott C F A St P 1st 5s..1909 M -S I l l
95 Jan.’99
Collateral gold 5s........ 193? M-N 93)4 95
87
105 A pr.’9*
North Illinois 1st 5s.. .1910 M -S ♦111
114 119)4
Cent o f Ua Ky—lstg 5s..1945 F-A t 111 119 118 Deo’98
140)4 Jan.’ 99
........
MU L 8 A W l s t g 0 s ..1921 M-N 140
R egistered............ ,,1945 F-At
105)4 F e b '9
9214 Sale 92
84*4 93)6
Convertible deb 5 s ..1907 F-A
93*
Consol gold 5a.............. 1945 M-N
120)4 D eo’ 98
.......
E xt A Imp s f g 5 s ...1929 F-A
Registered ................ 1945 M-N
138 D e o ’ 98
44)4
Mich Dlv lstg o ld 08.1924 J - J 135)4 .
40
1st pref Income g 5s. ..1945 Oct.t 40)4 Sale
35
142)4 142)4
15)4
Ashland Div l s t g 0 s l925 M -S 133 ,
11 14
12
2d pref lnoom eg 5 s.... 1945 Oct.*
10
!0
s*
112 Apr.’y I n c o m e s ............. ...1911 M-N
3d pref Incom eg 5 s....1945 Oct.* ......
0*4 D eo’98
7
4*6 8)4
95
Chlo Rook I A Pac 0s....1917 J - J 132)4 . . . . 132*4 Jan.’99
M & N D iv ls t g 5 s ....1940 J - J ....... 94)4 95 D e c’ 98
91
Registered .. ... ... ..1 9 1 7 J - J 132)4 Sale 132)4 132*
Mobile DIt 1st g 5s— 1940 J -J
90 J’l y ’ 98
95*4 99
Mid Ga A Ati DIt 5s 194? J -J
80)4 Sep ’ 98
80)4, 80)< General gold 4s............ 1988 J - J 107)4 Sale 107)4 108
104 Sep.’ 98
Cent o f N J—1st con 7s. 1899
102)4 104*4
Registered.................. 1988 J - J
101)4 Jau.’ 99
101)4.
98 Jan.’ 99
112 112)4
Des M A Ft D 1st 4 s ..1905 J - J
1st oonTertible 7s. . . . . 1902
112 Jan.'99
80 N ov’93
82)4 ,
Convertible deb 8 s .... 1900 M-N
ll 2 )4 J ’ l y ’ 9*
110
11 2 )4
1st 2)48........................1905 J -J
83 Mar'97
Genera) gold 5s........ . 198? J - .1 115)4 Sale 115
109)4 110
Extension 4s............. 1905 J - J
115^4
103 110
109)4 Jan.’ 99
Registered................. 1987 Q-Jt 113)4 Sale 113
1 083 114*4
Keok A Des M 1st 5s. .1923 A -O
1 14>4
100 A p r’ 97
Leh A W B C oon as 7s. 19o j-M ....... 105
97 103)4
SmaU..................................... A -O
100
101
5s................................ 1912 M-N 89)4......
85)4 93 Chic A 8t L. See A t T A 8 F.
88
90
Am Dock A ImpCo 5s. 1921 J - J
110 116 Chic 8t L A N O. See 111 Cent.
115)4 D eo’ 98
N J Booth lnt guar 0s. 1899 J - J
Chic St L A Pitta. See Pa Co.
Cent Pactflo—Ctfs dp A. 1898
Chlo St P M AO oon 6s. .1930
103 Oct.’98
103 103
Speyer A Co ctfs BCD. 1899
Ch St P A Min 1st 0s. .1918
103 103
103 Feb.’98
Speyer A Co ctfs dep HL190"
Nor Wisconsin 1st 0 s..1930
Bpeyer A Co otf FGUI.1901
St P A S City l s t g 0s. 1919
104 Jan.’ 99
105 105
Ban Joaquin B rg0s...l9O O A-O
Chic Ter Transfer g 4s .. 1947
101 105
102)4 Oct.’ 98
Guararteed g 5s..........1939 A -0
Ch A W est I lB t a f g 08.1919
Speyer A Co eng eta.......
General gold 0 s . . . . . . ,.1932
Ajand grant gold 5 s ....190 A - b
100)4 102
Chlo A W est Mloh Ry 5s. 1921
102 Mar’98
C A O DIt ex tg 5 s....1 91 0 J - J
101 101
Coupons o f f .................1921
101 Jan.’98
Western Pacldo g 0s.. 1899 J - J
101 104
Qln H A D oon s f 7 a . . . . 1905
103 Jan.'
No o f Cal 1st gu g 0s . 1907 J -J
...................
2d gold 4)4s..................1937
Guaranteed gold 5s. 1938 A-O
100 109)4
C inD A I 1st gu g 5s. .1941
109)4 D eo’ 98
Charles A 8av 1st g 7s. .1930 J - J
................... 0 l St L A C. See C G C A St L.
Ches A O—g. 0a ser. A ... 1908 A-Ot
118 120)4 0 ln 8 A C . See £ O C A St L.
110)4 Jan.’ 99
Gold 0 s ........................ 1911 A-Ol
115)4 121)4 City A 8 By Baft l s t g 5s. 1922
110 Nov’ 98
’ No price Friday; these are latest bid and asked this week. tD u eJ u ly .

O U T S ID E

S E C U R IT IE S

Bid.
B l r f f i K a U w n )■.
Pror A Pawt’c k -ls tS s ’ 33 {108
Rlohm RyAEleo-lst 5s*20 73
R o c h e ? t e r K y . ..........
14
Con 5s 1030..........AAO 105
So Side El (Chic)—Stock
75
Twin City R Tr—See Stock Exoh.
130
P referred............ M M
Un’d TrAK1W“(P rov)-8t’ k 88
1st Cs 1933
. ..MAS {115
West ChiuHgc o i . . .
»5 H
Oon 1w3n................MAN J 94
14
Worcester (Mass)Tr-Com
P r s fftr r w l. . .
101

(G iv

e n

ax

fo o t

t Due Nov.
of

7

Ask. |
(> m S e c u r it ie s .
Bid. Ask.
110
78
NEW YORK.
14)4 Central Union Gas—
1st 5s 1927............. JAJ {1 0 0 * 106)4
Con Gas (N T)—Stock—N Y Stk Exch
Deb 5s 1908..........MAN 100 n o
list.
110 118
1st 0s 1809............FAA {101
90
102)4
110
Con. 5s 1932..........MAH {117 118
96X Mutual Gas........................ 306 315
N. Amsterdam Gas, Com.
32
32*|
P ref.................................
68)4 69
103
1st consol 5s.................. {104 104H1

iiD ueJane.

c o n s e c u t iv e

tD ueJan.

i Bonds due Mar. a These are option sale*.

p a g e s ) .—

G a s S e c u r itie s .
IN Y & East River Gas—
1st 5b 1944............ .JAJ
Consol 5a 1945....... JAJ
Nor Un—
1st 5 b 1927.............. MAN
Standard Gae—Common..
Do preferred.............
1st 5s 1930............MAN

Bid.

G A S S E C U R IT IE S , &c.

Ask.

U2V< 115
109 110
90
135
153
{lie

95
138
154
118

BROOKLYN.
Brooklyn UnGas—N Y St 00k E iota.
1st con 5s—N Y Stock Exch.
108
Williamsburg Gas—1st «s {101

G a s B e c u r lt ie t.

Bid.

ilk .

OTH ER CITIES.
Baltimore Consoiidat—St e Balt. List.
Bay State Gas—N Y Stock Exoh.
Boston United Gas BondsBuffalo City Gas—8 to c k ..
1st 5s 1947............ AAO
Chicago Consumers 1st 5s
Chicago Gas—See N Y 8to
Cioero Gas Co 1st 0s.........
incinnatl Gas A C oke...
{A nd interest. fPrlce

-Bostc n L t s t
15
90
{*95*
103 103)4
ck Ex oh.
102
199
per sL

THE CHRONICLE-BOND PRICES (5 pages) Page &

J an . 23, 1899.1

F nce
F rid a y ,
J a n . 2 7.

BONDS.
; Si
K.T.8TOOK EXCHANGE i t
W u s E n D a ta Ja s . 27.

4 £

F « i ’i
R ange or
L a et Sale, la

ill

Rarxge
Y ea r
1898.

Price

BONDS.

W eek's
R a n ge or
L a s t Bale.

F rid a y ,
J a n .2 7.

N .Y . 8T O G K E X C H A N G E
W k e k E n d in g J a n . 27.

177
rR a n g e
Y ea r

1898.

Bid.
A sk . L ow . H igh . N o .
lint A Pere M g d a .. ..1920 A - O *122 128 122
122* 10
Clearfield A Mah, 3«s BRAP.
let oonsol gold 5 s . . . . 1939 IU-N 1 0 1 * Sale 1 0 0 * 1 01 * 74
Cl Ak A C eq A 2d g 8a.*13801
A
70*
70*| 6*
P t H nronD lv lat g 5s.l939 A -O *1 01 *1 0 3
1 01 * 1 02 * 37
7 6 * Sale
08
74*
O lA C a n ls t 5c w rc c-..1 9 l7 ; J - J
91
98 .1030
Fla Cen A Pen 1st g 5a.. 1918 J - J
82
83
2 ZH Sale
CC C A St L—G en g 4§..1993 J - D
1st land gr ext gold 5S.1930 J - J
91*
Cairo Dir l i t gold 4i.*1939l J - J ---9 1 * D e c’ 98 •••; 88
Consol gold 5 a ...........1943 J - J
101*
9 0 * 100
Bt L DIt la tool tag 4a.l990|M-N 101 103 101
Ft 3 A V B Bge. St* StLASF.
9C
M a r ’ 03
90
93
R e g is te re d ....,,....... 1990 M -S
...............
Fort St U D Co la tg 4 * sl0 4 1 J - J
105 M ar?9S
3pfJS Col D ir la tg 4a. 1940 M -8
8 5 * Bale
85
88
87 Ang’ 98
135
80
8 8 * Ft W A D C - l a t g 4-08.1931 J - D
W W VaJ Dir la tg 4a. 1940
Ft W A Rio Gr lat g 3-4a. 1028 J - J
92 N or’ 98
02*
03
38
0 2 * Bale
89
95
Cln W AM Dtr latg-U . 1991
Paltou Kiev. Set Kings Co Si.
104
tO i Sale 104
9 8 * 102
Ola I St L A C la tg 4a.l938
n s l I U r i S A St* 3 P Co.
R egistered ............... 1938
VJa I H AH o f 82 1st 5S.1913 A - O 100 1 0 1 * 100*
101* 10
Consol 8 a ..................1920
Ga A Ala R j 1st pf g 5S.1945 A -O 1 0 6 * ........ 100 D e c ’ 98
U 4 Oct.’ 97
Cln S A Cl con la tg 5a. 1923 J - J
....... 97 Deo '98
Ga Car A No lat gn g 5a. 1929 J - J
1 0 7 * F eb ’ 97
Ind Bi A W l i t pf 7 a.. 1900 J - J
Georgia Pacific. St* So Rjr.
O ln d A W l i t pf 5 a ..l 9 3 3 ,o -J j
Grand Rap A ind. 3 * 4 Pa Co.
*
8 7 * Sale
70
85
Peo A East la toon 4 a . 1940 A -O
a?K 343
93 14
t T a n A S t J . St* C B A Q
34 Sale | « *
23
3a
Income 4 a ....,. . . . . . .19901 A p r
3 1 01 * 105* AA-oasatonie. 3** NTNHAEL
102 :
01 C 0 A lad lat a t 7 » .. .1899 U -N i*103 1 0 2 * 1 0 S
1 81 * 140 ; -« » o M -N
12
H ----o oat* ®
U W T 1st g 5a. t1938
.
ICO
102
Gonaol 7 s . . . . . . . . ......... 1914 J - D *138 ...........1 8 7 # D e c ’9 8
Hons A T ex Can. St* So P Co.
Comoi ticking fd 7 a .. 1914 J - D . . . .
I limoia Cent lat g 4a. ..1951 J - J
i t s * N o V ’V a !
1 1 2 * Nor* 98
* 187* 132*
General cooaol gold da 1934, J - J . . . .
1 R e g is t e r e d ............1951 J - J
1 1 3 * N or’ 98
no*
R egistered ............. .1934 J - J . . . .
1st gold 3 * a ................. 1951 J - J 102 .
1 03 * JatL’ 99
no 1 0 7 * O c i / 9 7 ; ♦
G A S la t M C C C * 1 7i.19 0 D .4-O . . . .
1 0 2 * A pr.’9,s
Registered................. 1951 J - J 102 .
107 Dec 98; —
& Lor A W h cou U t 5«.1933 A - O .. ..
1st gold 3a starlin g..., 1951 >1-8
Oler A Marietta. Set Pa RIL
Registered................. 1951 U - 3
121 8 « p /t 8 •••
Oler A Mahon VaJ g 5*.. 1938; J - J . . . .
Coll Trust gold 4a....... 19521 A - O 1 0 5 *...... 100
100
Registered
, 19385 QthJ . . . . . . . . . . . .
R eg iste re d .............. 1953 A -O
102 Dec’OE
d a r A puts. 344 Peon Co.
JL N O A T ex gold 4a 1953 M-N 104
103* 103*
58
*
Ool Mldl’ d - la tg 2-3 4 a .1947 J - J *......... 8 7 *
*
a**’
Registered.................. 1953 M-N
la tg 4 a ....................... 1947 J - J
75 Sale
101 Mar’ w-'
74
85
77*
75 !
100* Sep.’98
ColJtr 2-10 gold 4 a.. . . 1904: J - J
Ool A 9th A r . 39<M«tStRr.|
Registered. . . . . . . . . . . 1904 J - J
Oolarn A Greetsr. 3 *4 So Hr.
Western Line la tg 4a.1951 F - A 106* .
103 Nor‘98
75 Oct,’97]
j
Ool H V A T o t-C o n g 3c. 1931 M- 8
74 6+ 1 * l 7314
Registered .. .,, ,., ,,1 9 5 1 F- A
74*1
J P M A Co
cfa |S5 pd. .. ...
70*
H 32 Jan. *09
9 3 * ........
Loataritie D it g 3 * a . 1953 J - J
11 48
General gold 8# ........., 100 4; J - D •
94* Jan.‘09
General lien gold 4a... 1998 J - J
Registered . . . . . . . . . . 1053 J - J
«—
8t Loots Dtr g 3s.......1951 J - J
‘ “ Sale 81
ISO
81
R egistered............... 1998 J - J
R egistered.......... ...1 95 1 J - J
Ool A Cm Md. 3 4 4 8 * 0 .
Gold 3 * s ....................1951 J - J
94
Ool Conn A Term. 34 4 SA W
R egistered ............1931'J - J
Conn A Pas Kira le t g 4a.'4J A -O
Cairo Bridge gold 4s.. 1950,J - 1)
Y\*k A Gt So. 3 *4 CM 4 HtP.
Registered . . . . . . . . . . 1930 J - D
i t a l i c s A W aco. 3*4 M K AT.
» * Lack A Wcatena 7a ..!907 Vi- * 12 4
Middle Dtr reg 5a.......194 I F- A
124 Not
129 128
Srr Bing A N T 1st 7a. 1908 A - 0 1 9 5
Spring D ir lat g 3 * a . 1951 |J - J
Ud Pip
195*120
Registered
........ 1931 J - J
187* 144
M om s A K-m « x 1st 7a. 1914 U N 141
144
144 j
7 a ....... . ................. ,,1900 J - J ' .................. 107
ep.* !
120
107 107 ; C W oB tL A N O g 5 « .. 1931 J - D
120
7 a ......................1871-1901 1A -O n o * . . . . . . no*
R egistered...........,.1 9 5 1 J - D
123 8cp.’98
107 113*
no*'
Gold 3 * a ....................1951 J - D
latoon guar 7a.........,1915 J -D J 1 4 2 * ............ 1 4 3 ’ ja n .’ 0v
134 142*
R egistered.........,.1913 J - D ................. ..1 4 0
Registered ............. 1951 J - D
Oct.*1#e
140 140
Mom Dtr 1st g 4s . . . 1931 J - D . . . . . . . . . . . . 1 0 4 * D e o '9 8 . . . .
iff T Leek A W l a i 6 « .. l » J l J - J 13«
134* 188*
U 7 «ep.*98 ‘
Registered.............. 1951 J - D
,111 » * N or'97 Coastra cUo o 5a . . . . i 993; ¥~ A 117
......
......
Seller ACar lat 6 a . ...1 9 2 8 U - D i s o 1
Warren 24 7a , ............1900 A -O 105
(08 108*
108 A ug‘0^
9 4W IJftfi ‘ JH
At A Had l i t Pa Dir 7a. 1917 M- H *14SS
148 140 , 8t L Boa la tg u g 4 a ...l9 3 l M -8 0 i
U « Sep.'0^
93
ReglsJired................... 1917 M - » M48
Cart> A 3 la tg 4 s........ 1932 H -B
N o r’08
143
M a jr '9 ? 90
AJb A S *a Ia te o o g n 7 il9 9 8 A -O U 2 *
193
D e c *98
(2 0 * 1 9 5 * I n d B lA W . 8 *4 C CC A Bt 1^:
Ind Dec A W U tg 5 a ...1 93 5 J - J 103W 1 0 4
J a tL ’ 9 9
R e g istered ...............1 9 9 8 ,.4 -0
.....
.....
.....
103
100
12
Gold Se........ ............. 1908 4 - 0 ; 1 17 *
U 7 * J * n .’ 00
to«M 1 0 3 *
110 118* Ind 111 A la lat ref g 5 s .. 1940 A - O
R egistered,........1 9 0 8 a -O ; l i t * Sale 117*
------------1
117*1
118*117 ! int A G t So lat gold 8 e .l9 l9 M-N 1 2 4 * 129 1 3 4 * u i W
29
95
147 Scp/9»
2d gold 3 a .-,. . . . . . . . . . . 1209, M- H u i *
Rees A Bar let 7a . .,,1 99 1 tt-N
94*
1147 147
62
8 d gold 4 a .................... 1921 M- N
ot
69
R egistered _________1921 H S
02
l
141 145
til
M a r ‘ 9 8;
110
10
Del Kir HR Rge. 3 *4 Pa Ktt.
loira Central lat gold 5a. 1938 J - D
lo w *
1 10
87* 100
9«aCc<nTr Co l « g 3*.,193d A -O
l o v e Midland. 3 * 4 Ch A N W.
92
94
Den Tram C ocoa g 8a.l910 J - J
Jefferson RR. 3 *4 lfirte.
Met Ry Co la tg n g8#.1911 J - J
al A A G R . 3*4 L 3 A M 8.
Den A R Or lat gold 7s. .1900 M- .N ................. nomi Jan. *09
a n A M ic h . Srs T o l A O 0 .
108 1114
K C A M R A B l a t g a g 5 a 19 4 9 j A - O
let con g i s . . . .......... ...1 9 3 6 J - J
10 l* 46 *7* U>*
Vo** i » T o "
K C P A G l i t A o o l g 3 a 1928 A - O
1st eon g 4 * * ......... ,...1 9 3 8 J - J ..........
109* Jan. *99
1O0H m
V s ii 053
K an C A P a d . 8*4 M K A T .
tm aroTcm entcold 54,1928'J -£ ) .............. . 10SH i0,>» 07 m
103
Dea M A Ft D, & * C K A 1 P.
Kansas M id . 3 *4 Si L A H F
K e n tu c k y C en t,
344 L A N.
Dee M A Mian. 344 Ch A N W.
Dee M Dn Hr la tg 3a .1917 « - S
K e o k A D o s M . B saC R I A P.
102 Oct.’ 98
97
102
#
70
DetM ATol. 3 *4 L 3 A M So.
K in g s C o El a e r A l a t g 5 s *23 J - J
24
72
75
79
Det A Mack lat lien* is. 1995 J - D
P o l Kl la t g a g 5a a er A . '2 9 U - S • 7 0
54
08
71
*|Gold 4a...........................1993 J - D
K a o x r i l l o A O h io . 84480 R t .
Dn] A Iron Haag* lat5«. 19d7 A - O 109* Sale 109* 100* * 4 tot iVoit f a k a B r ie A W l e t g 6 a 1 9 3 7 J - J * . . .
1 18
‘ 17*
118
17
Registered..................... 1937 A -O
L i 2d g o ld 8a . . . . . . . . . . 1941 J - J
I 0 t;.i
to il.
5T
to ts.
id Uen mortgage 8a ... 1918 J - j l
N o r t h O h io 1st g a 5 a . . 1 9 4 3 ! A - O . . . . . . i o i ' * 101
J an.* 99 . . . .
Dal Bed W A S la t g 3a. 1928 J - J
92* r#b.V08 •,,. 92* 92 * : j L 8 A M B . S e s N Y C m a t .
Dal So S core A A t g 3 e .i 937 j - j *'*"* ***** 111*Jan/OO
101 u a 3 ! L e h YeJ ( P a ) 00 11 g 5* .1 9 9 7 U - N . . . . . . . 104 104 A u g * 9 8
aat o f Minn. Saadi PM AM.
I
R e g is t e r e d . . . . . . . . . . . . i y w 7 H - N
Keat T Va A Ga. 3 * 4 8 0 fiy.
L e h V N f 1 st g n g 4 * A . 1 9 4 0 J - J
t 0 5 * J a n .*0 9
io S *
B d a L e z A B B . S*a C A O.
R e g is t e r e d ........................1 9 4 0 ) - J
Lmh&X Y.
L eh V T e r R y l » t g a g 5 a l » 4 1 A - O
rn m Cort A No.
. . . . . . . . . . . . 1 1 3 * J o n . ’ OO
«.8 e 1st ext g 4s............19 471 U-.N, ..... 117 117 Jan.'99
R e g ia le r r d ............. . . . . . 1 9 4 1 A - O
. . . . . . . . . . . t o u t . J*Iy *07
112 110
$d ext gold 3a........,,,.1 9 1 9 ! M- H
119* Aug'08 .Mt ii» U l!9 U L Y C o a l C o 1 st gtt ( 5a . 1 9 3 8 J - J . . . . . .
M a r "90 . . . .
2 d extgoud 4 * s ..........
R e g is t e r e d ....... ............. 1 9 8 3 J - J
...... H i Nor‘«rt , , , . 108 113
•ISO*
4th ext gold 5 a . .,, ,. ,.
121 Jaa-’OO .... 111 110* L e h A N Y 1 st g a g 4 s . . .1 9 * 5 M - N 9 1 * S a le
2
s ix
*104
6th ext gold 4s .
19Jh J -D •
104* J'na’y-’ .... 104*105 ! R e g is t e r e d ................1945 M -a
latdjneol gold 7»...... 1920 w- s 145* 8+1* H5i, i«!H 15 133 147*
SQC A N 1st * la tp f0 A l9 1 4 A - O . . . . . . ........... . . . . .
lat consol gold fd 7a..1930 IdGold guar 3§...............1914 A -O
101
8 e p .’ 97
Long Do«X oofi gold 0a 1933 A-O •141 ...... . 139 8ep.‘0M
133* 189 i I^eh A Wlikeab. 3 *4 Cent NJ.
Buff N T A Rn# 1st 7a 1916 J - Dt
140 . 140
10 133 133 |] lAtrvj A Caney Yal. 3 *4 Mo P,
140
Buff A 8 W gold 8e..,.19081J - J
Lex A r A P F. 34 4 Met 8t By.
BmaiS......... ......... ......... |J - J
Llteh Car A W la tg 0a.. 1918 J - J
....
Jeff RR 1at gu gold 5a 1909 A-Otl ............. . IDS** Nor'08
30
84
103** 100**1 L R A M la tg 3a 1 93 7 T r«t/a .
J o r u ’ OO . . . .
85
Chu A Brie let* 6a . . 1984 U-N 114 Beta 113* 114
7 108 112*; Long Dock. 34 4 KHa
Coal A RR late gu 0a 1922 U-N
Longial*8—lat eon g 5a 1931 Q -J l 191
122
1 22
6
Dock A Imp mc«rflAl918 J - J
100
lat con « 4 a ..............1 9 3 1
•io7*# y .v .i i 109* ‘ Oct/90
General gold 4a.......... 1938
98
99
99
33
107** 109**
Ferry lat gold 4
1922
101
Sato
101
101
10
E r ie la t c o n g i s p r p d a , 1 9 9 8 J - J ' 94* 0ala * ' 93*
Gold 4a........., , .,. ,.. ..1 9 3 2
• 95
*94* »To j St’ii ■»Ih
B eg ls -tera d .............. . . . 1 9 9 8 'J - J
96
. . . . . • » « ..«
Debenture gold 5a , . , , 1984
l a t e e n g e n lie n g 4a ... 1 9 9 0 J - J ' 75‘ ' Rale ’ U H
95
N Y A R B Tat g 5 e ....1927
J a n . ’ 09 . . . .
. . . . . . 100
",i » H ^03 ”00" *70”
B e f is t « r e a .,,,.,.,,..l 9 9 0 J - J
2d inoom e.. . ... .., ..1 9 2 7
B id .

A sk . L o w

H ig h .'S o .

Low. H igh

F

QjrJ
Isi

100

Low. High
no

85
83

is i*

101
108*

105 105
65
54*

87
60*

88* 99*

100

100

88

108

92

97

94
8

*100
110

88

66

33

81

*98
*20
8 98

109*116
108* 112*
102 105
101

102*

100 105
102 103
07* 108
101

101

100* 100*
101 105
98* 'Vo"
78* *88*
9 2 * 'V o "

115*125
123 123
1OO X l o t x
.........

97
103
118
78
44
97

105
105
1 »:< H
98
01*
107

K

AY

B A W - 1st r e f 5a 1 9 3 7 J - J
2 d g o ld 4 * s , ......... , . . 1 9 8 7 P - A
G e n e ra l g 5 a . , . . . . , . , 1 9 4 0 F - A
T e r m in a l l e t g 5 a . . . 1 9 4 8 ; U - N
R e d s 8 3 ,0 0 0 e a c h . 19411; U - N
W Ilk A Eaa t s t g a g 5* 10-42 J - D
Mid R R o f N J i s t f 0 a l9 t O A - O

S ecan A L B ap - 344 C A N W .

K a r e k a S p r in g s 1 at g 6 « . 1 9 3 3
B r A T H la t e o n 0a . . . , 1931
l i t g e n e r a l gold 5 e . . . . 1 9 4 2
Mt Y e r n o n 1 s t 0 a ...........1 9 2 3
B oll U o B r oft l a t g 5 a . 1 9 3 0

ioa * io9 108 Jan. *90
«.,*«« ...... 92* Aug’98
»H Hals. 90*
04
•110
111 OdL’98

09 i i i
,*
08
63 83
iOW tlU ii

F- A
J - J

4 -0

F a r g o A S o . 0 m C h M 1 -n f .

• N o p r ic e F r id a y ; t h e s e a r e la t e s t h id a n d a s k e d t h is *

m

O UTSIDE S E C U R ITIES (G iv b n
Q

m

a e c a r lt lfs .

Gas ( N o r f o l k Y a ) 7 7 .,

a iy H A L

ry

s (o r t a ) 5 « .

Oolambna (O) Gas—Stock
C o o e o U d G a s (N J ) — Btok

let 5a 19V» . . . . . . .^AJ

Consol Gea l Pitta).. . . . . . .
P r e f , ,,,.........................

B o n d * S ».
C o n a n ® G as (J C i t y ) —Ptfc
lat
1 CAN

Aetrolt Gas— 3 *4 N

Bklyo A Mon la tg 8a. 1911
lat 5a.........................1911
Nor 8hb latoon g g u 6a..*82
N Y Bey Rx R iatgu g 5s*48 V .
Moctank ®X gn g 3a,..1945
las A Mo R ir. 3 *4 Cbl A A it
L R A 8t L Oon on g 5s. 1939. 1
T rC o 0o n * ........ .)
Gmieral gold 4 a . , , . , . . .1943
L >a A Nash—Ceoe> Br 7a 1907
N O A M la t g 6< .....1 9 8 0 J - J

io i " iato" 1 0 T 101* 50 ' 98* id iii
132
*....... is >X 122 Dec *98

112
191* Jan.*99
1 0 1 * ....... 101* 102 107 82
A - O • 90
■r‘ -rrA - O * 80
....
0rAtodl«tOOOBng 8a.. 1920 4 - J •102 108 io s * 102*
77*

lat 8a..... ............... .

N Y B A M B c o n g 3a . 1083

Bid- Ask.
as
38
.100
1........ 9 i
8 0* e * x
4104 100
13* 1 6*
7 tX 80
88
50 .
57
t u x ........
86
90
108 103
h. Hat.

L

......
103*

General sold 8 * .....

f B onds d a e A a g a sn
a t

toot

(Ini HM arltlrs.
F o r t W a y n e ( I n d ) —8 t o rk
1 st 6a 1 9 2 3 . . . . . . . . .J A J

Grand Rapids—Stock.......

1 st 5a 1 9 1 5 ......... . . . F A A
H a rtfo rd (C i) G as L . . . 25
I n d ia n a N a t A 111 G a s — Stk
l a t 6a 1 9 0 8
MAN
I n d ia n a p o lis G as— S t o c k
l a t 6 e 1 0 3 0 ............... M A N
J e ra a y C ity G a s L i g h t . , , ,
I l i a d s O ae— N T S to c k
Lafayette (Ind) Ga -9 (k

let 8a 1 9 2 4 ....

123
101

MAN

Bid72
80
08
*108
t 42
80
75
108
100
72
80

of

7

05
78
118
108

85

I

. . . . . . T oo

" 05" . . . . . . . . . . . .
...... ...... ......

♦
50
•...........
SW
•100
125
•113
• 1 1 5 * ...........
• 11 0

j B onds d u e Jan u a ry ,
pa g e s

).—

Bid.
Gn« 0 r c ir ltle » ,
00
Logaotpt A W«A VaJ—«tk
1st 6a 1 9 2 5 ............JAD
75
01
MAlison (Wia) G a e-8 tck
1st 8g 1990.........,,A A O J in iX
00
Ohio A Indiana—S tock ...
le t 6a 1 9 2 8 ............JAD
75
Peoples O m A Coke—N Y Stock
Philadelphia Co—8 t* Bos ton L
83
St Joseph (M o ).................
92*
5s 1937............... ...J A J

Ask.
76
32
101
104

76

* B. j q J s d a e A p r il,

c o n s e c u t iv e

lo o

Consol 5* 1944 ....M A S * 89
rim*> Ga*—Rtrvck.... .
19

i

N oV *9 8 . . . .
....
......
......

50
59
D o c ’ 9f
5
106
1 2 9 * J a n .'0 9
111
D e o '96
117
N ov'W t
1 1 7 * J a n /O O

R o n d s d u e J u ly ,

....

23

....
a

05** ‘ s l i t

40
35

70X
01

115
95
100

190
1 06
109

(0 4

1 04

VT* m
107

3

118

» » X " » '* X
93

Vi

34

V o"
117

1 24
97X
87„

85*
B6*
98

*V 4 M

T oo

io i*

......

53
7

32
5
120K
106
118
n e x

l.S
in

110
i» i

O p t i o n sa l

d

QAS SECURITIES, <&c

Ask. J[
65
73
«5
103
61
78
Exch
utt40 |
05
59
90
21

G a « H e c u r ltle e .
Syr'aeGae— xst 5s ’ 40. JAJ
YeatemGaa (Mllw)
59—3 *4 N Y Stock Exch
T e l e * . Ac T c l o p h ,
imerican Diet Tele—NY
American Tel A Cab—-NY
Tentrai A South A m o r.,..
7hos A Poto Teleph—8tk
Bond 5 a . , . , , , . . , , , .........

Bid. Ask,
87*
9 4 * 95
Hsu
Stock
Stock
109
56
103
185

Kxoh
Bxth
111
59
105

E up Ire A Bay State T el..
75
90
4 And int-ArARt.
D«r ah nr*

1

17ft
BONDS

||

H .k .STOCK. E X C H A N G E
W b k k E n d in g J a n . 27.
*54

HE CHRONICLE.—BOND PitiGKS (5 pages’) Pas? 3
P rice
F rid a y,
J a n . 27.

W eck'i
’3 ,5
R a n g e or
L o t t Bale. | «

R a nge
Y ea r

W eek E nding Jan . 27

B id. A t k ,
A sk. Low . H igh. No. Low . H igh. N Y Cent (Con.)
L o u A N u b (C o n .)
Reg deb 5s o f .. .1889-1904 M -S 1 1 2 * ........
1
08
*
8ep.'97
P e n s * c v la d tv g o ld 0 s . 1 92 0 M -8
Debenture g i s . .1890-1905 J - D 1 0 0 * ........
125 125
125 Dec '98
d t L d i t l s t g d a . . . . . . . 1 9 9 1 M -8
Registered.......1890-1905 J - D * 10 0 * ........
9 d g o l d 3 a .......................1 98 0 M - 8
Debt oerts ext g 4s. . . . 1905 M -N * 10 0 * ........
105 107
1
0
7
N
o t »9 8
J
.
J
N u b A D eo la t 7 a .........1 90 0
Registered..................1005 M-N • 1 0 0 * ........
.......
d in k fd ( 8 4 A ) g Os. . . .1 9 1 0 A -O •100
G 8 * s ............................. 1997 J - J *........ 113
94** 108*
....... 1 0 8 * N o t ’ 0 8
S A N A c o n g u g 5 a. . . . 1 9 3 6 K -A •107
Registered..................1997 J - J
1
0
0
*1
0
7
108
Jan.’
99
G o ld 5 a ................................19 3 7 M-N 1 0 8 * .......
Lake Shore ool g 3 * s . 1998 F - A i o a " S ale’
88
98
95*
96*
90 Sale
O u tlied g 4 a ..................... 1 9 4 0 J - J
R egistered................ 1098 F - A
J
J
R e g is t e r e d .....................1 94 0
Miok Cent coll g 3 * s .. 1998 F - A 1 01 * Sale
90*U 1*
112
112 Sale 112
P ena A A t l la t g u g 0 s . 1931 F -A
R egistered .......... ...1 9 9 8 F - A
101*108*
1 08 * Jan.’ 99
C o ll tru s t g 5 s ................. 1931 M-N 1 08 * 109
Harlem 1st 7s.............. 1900 M-N ........ 106
108 109*
....... 108 Jan.’ 09
L A N A M A M l s t g 4V** 1945 M -S 108
R egistered................. 1900 M-N 1 0 0 * 8 ale
87*104*
109*
N F ie A S l a t g u g 5 s .. 1 9 3 7 F -A 1 0 9 * Sale 108*
N J Juno R gu 1st 4s .1980 F - A
85
02
92
92
92 Sale
K e n tu ck y C e n t g 4 a ...1 9 8 7 J - J
R egistered.................1086 F - A
103
103
108
Jan.’
08
M-N
L C tn A L e x g 4 4 a. . ..1 9 8 1
W est Shore 1st 4s g u .2801 J - J 113 Sale
L A J e ff B g e C o g u g 4 s . 1 94 5 M - 8
R egistered.................2301 J - J 112 ........
L N A A C . S ee U I A L.
Beeoh Crk 1st gu g 4s. 1936 J - J 112 ........
108
109
109
Mar'98
j
.
J
L o u is R y C o l a t o o n g 5a. 19 3 0
R egistered................. 1930 J - J
1 4 eh o n C o a l. S e e L 8 4 M S .
2d gu gold 5s..........1 03 0 J - J
98*
100 1010 90
M a n h a t t a n R y o o n 4 a . 1090 A - O 1 0 5 * 8 ale 104*
J -J
Registered..................1930
16
1
1
4
*
1
1
9
*
1
10
*
117
Sale
M e t r o p o l Kl l a t g 0 s . . . 1 90 8 J - J 117
2 101 105
Clearfield Bltum Coal Corp
H 102*
3 d 0 a ..................................1 8 0 0 M-N 1 0 2 * ........ 102?,
l s t s f In tgu g 4 8 s e rA .’ 40 J - J
M a n s W C o l o n la g 5 a ... 1934 J - D
Small bonds series B. .’ 40 J - J
J
M a rk e t 8 t C R y 1 st g 6 s. 1 0 IS J
Gout A Oswe ls t g u g 5s.’42 J - D
M o K 'p t A B V . S e e P M c K i V
R W A O goon ls t e x t 5 s .’ 22 A-O* 131
M e t r o p o lit a n K l. 8 m M a n R y .
Nor A M ont 1st gn g 5s.’ 16 A - O
108* 119
124 Sale 122* 124
M et St R y g e n 0 t r g 5 s .. 1907 F -A
114* 122* R W A O T R ls t g u g 5s. 18 M -N
122*
........ 1 25 * 122
B w a y ± 7 t h A T l s t o g S a .1 0 4 3 J - D
Oswe A R 2d gu g 5s. .1915 F-AS
J
D
R e g i s t e r e d ................... 1 9 4 3
110” i*28* Utica A Blk RlTgu g 4g.’ 22 J - J 1 1 0 . . . .
125 ......... 1 2 0 * Jan.’ 90
C o lA 9 t h A t la t g a g 5s. 1 09 3 M- 8
Moh A Mai 1st gu g4s-1991 M -S
R e g i s t e r e d ....................1 9 0 3 M -S
Cart A A d lBt gu g 4s. 1981 J - D
117“ 125“
l a s * ■*!!!.* 1 26 * 1 2 0 *
L e x A t A P F l s t g u g 5 a.’ 93 M- 8
N Y A P u t ls t c o n g u g 4 s .’ 93 A -O
R e g i s t e r e d ............................. M- 8
N 1 A North 1st g 5 s.. 1927 A -O .........130
00
00*
0 8 * 7 0 * 0 8 * Jan*’99
M e x C e n t o o n g o ld 4 a . . . 1911 J - J
Lake Shore A Mich South—
1 at o o n I n o o m e g 8 a . . . 1 9 3 9 J'lyl
Det Mon A Tol 1st 7sl9O0 F - A
2 d o o n In o o m e g 3 s . . . . 1 0 3 0
Lake 8 hore dlvld 7s. 1899 A -O
%
0
■ q u i p A OOll g 5 s .........
17;
Consol 1st 7s........ 1900 J - J
126
7
0
*
85
35*
30*
86 * Sale
M e x I n t e r n e t 1 st o •• g 4 s .'7 7 M -S
R e g iste re d ........ 1900 Q- JS
M e x N a t 1 st g o ld 0 s ........1927 J - D
Consol 2d 7 s .......... 1903 J - D
M-St
Sd In c 6 s A C p s t m p d . 1917
Registered..........
1903 J - D
6 * D e c’ 98
“ 6* " 0*
2 d I n c o m e g o ld 6 s B . .1 0 1 7 An.*
Gold 3 * s .............1997 J - D 1 0 7 * ........
D i o s " !!*!!! 07 Feb ’97
j 4 e x N o r t h 1 st g o ld 6 s . . 1 91 0
J -D
Registered..........1997
D
R e g i s t e r e d .......... r . , . , . 1 9 1 0
OinA 8 1st gL SAM 8 7s’ 01 A -O
M ich C en t. S e e N Y C en t.
K A A G R 1st g 0 5s.1938 J - J
M id o f N J . S m N Y 8ua A W
Mahon C’ l R R Ist5s.l934 J - J
101*101*
1 01 * Nov’ 98
♦105
M il Kl R y A L 8 0 -y r g 5 s. 1926
Mich Cent—1st con 7sl902 M-N * 1 0 4 * 107
M L 8 A W . S e e C h ic A N W
1st oon 5s.................. 1902 M-N ‘ 1 0 4 * 107
M il A M a d . S e e C h ic A N W
0s.................................1909 M- 8 1 2 2 * .......
M il A N ox th . S e e C h M A S t P
5s.................................1931 M -S *126 .......
MU A 8 t P . S e e C h M A 8 t P
*120 .......
R egistered............1981
M in A 8 t L g o . S e e B C R A N
4s.................................1940 n
142* 143
140 150 146 Jan.’ 99
M in n A S t L — 1 st g 7 s .. 1 0 2 7 J - D
R egistered.............1940 j - j
100* 110
........ 111 Jan.’ 99
la t c o n s g o ld 5 a .............1 93 4 M-N 1 1 1
B atC A St ls t g u g 8s.’89 J - D
125 125
125
125 Sale 1«5
I o w a e x la t g o ld 7 s . ..1 0 0 0 J - D
N Y Chic A 8 t L 1st g 48.1937 A -O 1 0 7 * Sale
127
127 Sale I t
S o u th W e s t e x l s t g 7 s . ' 10 J - D
R egistered.................... 1937 A -O
........ 1*8 D e c’98
P a o lflo e x 1 st g o ld 6 s . 1921 A - O 180
N Y A Greenw Lake. See Erie
M A P 1 st 5 s s t 4 s tn t g u . . ’ 80 J -J
N Y A Har. See N Y O A Hud.
M 8 8 M A A l a t g 4 s tn t g u . ’ 20
J
N Y Lack A W . S e e D L A W
M B t P A S S M c o n g 4 s l n t g u , 38 J - J
N Y L B A W . See Brie.
M in n 8 t R y l a t o o n g 5a. 1 01 9 J - J
N Y A Man Boh. See Long Is.
M in n U n . S e e 8 t P M A M .
8 2 * 9 2 * N Y A N E . See N Y N H A H
93*
04*
94
Sale
M o K a n A T e x — l a t g 4a. 1 09 0 J - D
57
0 8 * N Y N H A H a r t ls t r e g 4 s .’ 03
08*
70
0 9 * Sale
2 d g o ld 4 s ..........................1 99 0 F-A|
Convert deb certs $1,000 ..
8 3 * 88
90 Jan.'99
la t e x t e n g o ld 5 s . ......... 1 04 4 M-N ........ 95
Small certfs $ 1 0 0 ............
80
80*
87
83
M K A T o f T l a t g u g 5 a . ’ 42 M- 8 ........ 88
Housatonio R oon g 5s. 1937 M -N 125 .
7 0 * 70
81
82
........ 82
K C A P a c 1 s t g 4 s . . . . 1 990 F -A
-N 1 2 1 * .
N H A Derby con 5 s .. .1918
75
88 *
85
85
D a l A W a 1 st g u g 5 s. 1 9 4 0 M-N ......... 80
N Y A N H is t 7s.........1905 J - J
B o o n e T B d g C o g u g 7 s . . ’ 06 M-N
1st 0s..........................1905 J - J 1 1 4 *
1 0 5 * .......
T e b o A N e o s h o 1 s t 7 s. 1003 J - D
9 8 * 1 0 2 * N Y A North. Sm N Y O A H .
105
gale 105
M o K A K l s t g u g 5 s . . .1 9 4 2 A - O 105
98 110* N Y O A W oon 1st g 5s. 1939 J - D
114*
M o P a o — 1 st o o n g 8 s . ..1 0 2 0 M-N 114* Sale 1 1 3 *
Refunding l s t g 4 s .... 1992 M-SS 1 0 4 * Sale
108* 114*
....... 115* Jan.’ 99
8 d 7 a .................................... 1 9 0 6 M-N 114
Regis $5,000 o n ly ... 1902 M-SII 1 0 1 * .......
65* 92*
96
95 ........ 0 4 *
T r u s t g 5 a ........ ..............1 9 1 7 M-St
N
Y A Put, Sm N Y O A H .
R e g is t e r e d ................... 1 9 1 7 M- 8 t
60
9 0 * N Y A R B. See Long IsL
90
94*
90 Sale
l a t o o l l g o ld 5 s .............. 1020 F- A
N Y 8 A W . See Erie.
R e g i s t e r e d ....................1 92 0 F -A
N Y T ex A M. See So Pao Co.
100 107
...... 109* 107* Jan.'90
P a c R o f M o l a t e x g 4 a . '8 8 F- A
111* Jan.’ 99
1 0 5 * 1 1 1 * North Illinois. See Chi A NW.
2 d e x t e n d e d g o ld 5 a. 1 93 8 J - J -109* ...
North Ohio. See L Erie A W.
V e r d V I A W l a t g 6 a . .'2 6 M - 8
Northern Pacific—
L e r o y A C V A L l a t g 6 s '2 6 J - J
Gen 1st R R A L G s f g0 s.’ 21
B tL A 1 M t la t e x t g 4 * s . ’ 47 F-Ai
108 D ec'98
107 1105
R egistered................1921
1 02 * 107i
100*
2 d e x t g 6 s .................... 1 94 7 M-N ' 10 0 * ........ 1 00 *
8 t P A N P gen g 0 s .. .1923
10 2
108
A r k B r a n c h e x t g 5 s. 1 93 5 J - I) ■100
....... 10 0
106
Registered otfs.........1923
80 105*
109*
Q e n e o n ry A Id g r t g 5 a '3 1 A - O 1 0 9 * Sale 1 0 7 *
1 0 3 * Sale
Prior lien r A 1 g g 4s. .1997
G e n o o n atara p g t d g 5 a ' 31 A - O 100
....... 101 D ec’ 98
80 1 0 1
Registered..................1997
M la s R lT B d g e . Sea O h io A A lt
0 9 * Sale
General lien g 3 s . . . . . . 2047
M o b A B t r m p r io r lie n g 5s.*45 J - J
Registered .. ... ... ..3 0 4 7
S m a ll......................................... J - J
00
8 ale
Wash Cent 1st g 4 s.. .1948
I n o o m e g o ld 4 a .............. 1 945 J - J
114 12 0
Nor Pao Ter Co 1st g 08.1933
S m a ll.........................................
120
M ob A O h io n e w g o ld 0 s . . *27 J - D
118* 125* Nor Ry Cal. See Cent Pac.
125 129* 120
N orW is. See O 8 t P M A O.
la t e x t e n s io n g o ld 0 a . 1 927
1 1 8 * Jan.’ £
110 110
34*
85*
G e n e ra ] g o ld 4 s ............. 1 9 3 8 & --s ■‘ s i * : : :
70
8 3 * Nor A South l s t g 5 s .... 1941 M-N * 1 1 0
Nor A W est gen g 0 s ....1931 M-N *129
M o n ig o m D I t 1 at g 5 a. 1 047 F -A
9 7 * 100
108
108
New River l s t g 0 s .... 1932 A - O ♦129
8 t L A C a ir o g u g 4 s . . 1931 J - J
Im p rvm tA ex t g 0 s ... 1934 F - A
M o h a w k A M ai. S e e N Y O A I I
C O A T Is g u g 5 s .... 1922 J - J * 10 0
M o n o n g a h e la R lv . S e e B A O
97 Sale
Solo VAN E ls tg u g 4 s.l9 8 9 M-N
M o n t C e n t . S e e 8 t P M A M.
N A W Ry 1st con g 4s. 1990 A -O
9 1 * 8 ale
M o n ta u k E x t, S e e L o n g Is.
R egistered ................ 1990 A -O
M o r g a n 's L a A T . S e e 8 P C o .
M o r ris A E s s e x . S e e D el L A W
Sm all.......................... 1990 A -O
A St L .lst 7s.'13 J - J
132 Jan.’ 99
128 133 Nor A Mont, See N. Y.Cent,
N ash2 dChat
g A L Oh 1st con 0 s..1020 A - O
6 s ....................... 1 0 0 1 J -J
1 0 5 * Nov'9'
1st oon gold 5s.............1028 A - O
10*6“ 107* O Inoome....................1920 A -O
, 109 108 Jan.’ 99
Income small.......... ........... A - O
lat 6 s T A P b .............. 1917 J - J
O I n d A W . S ssO O O A S tL .
1st 0s MoM M W A Al. 1917 J - J
Ohio A Miss, fifes BAO SW.
1st gold 0s Jasper Boh. 1923 J - J
Ohio River RR 1st g 5S..1930 J - D
Nash Flor A 8 hef. See L A N
General gold 5 s . ... ... .1937 A -O * 82
New H A D . See N Y N H A H
Ohio Southern 1st g 0s..1921 J - D
N J Juno RR. See N Y Cent.
N J Southern. See Cent N J.
General gold 4s........... 1921 M -N
Eng Tr Co oertfs...............
NewAClnBdge. See Penn Co
NO A N K prior lien g 08.1015 A-OT
Om A 8 t L 1st g 4s.........1901 J - J
N Y B A Man Boh. 8 ee L I.
Ore A Cal. See 80 Pac Co.
N Y Bay Exten RR. See L l.
OreRy AN av l s t s f g 08.1909 J - J
N Y Cent A II R—1st 7a.l903|j - J 1 1 7 * Sale 1 10 * 1 17 * 88 1 1 3 * 119V, Ore R R A Nav con g 4 s.. 1946 J - D 1 0 2 * 8 ale
Registered...............1003 J - J •1 1 0 * ....... 1 1 0 * Jan.’ 99
Ore Short Line l s t g 08.1922 F - A 130 .......
113*119
Debenture 5 sof. 1884-1004 M- 8 ‘ 1 1 2 * ....... 1 10 * Jan.’ 99
Utah A Nor 1st 7 s .......1908 J - J
106
119
Registered ....1884-10041M- 8 1 1 2 * ....... 118* 113*
Gold 5 s . . . . ................1926 J - J
1 06
111*
Bid.

•Noprloe Friday; these are latest bid and asked this week,

OUTSIDE SECURITIES
Bid Ask. ]
Ac Telept*
Erie Tol eg A Telep.—Sex Bost List.
Franklin............................
42
50 I
Gold A 8tock.................... 117 ........
90
Hudson River Telephone
84
118
Mexican Telegraph.......... 200 205
Mexican Telephone— 10 t 1 *
Now Eng Telep—See Bost •:= Hi.,
H
North western Telegraph 115
N Y A N J Telephone.... 158 100
50 1920.................. MAN 110 113
acillc A A tlantic..........
76
80

(G iv e n

at

t Due Jan.
foot

* Due July.

of

T e le g . A T fle p h .
Bid. Ask.
Southern A Atlantic........
90
95
West’ n Union Tel eg—N Y Btock Exch
E le c t r ic C o m p a n ie s .
Allegheny Co Light C o... 100
Br’ dgprt (Ct) Kl Lt Co.25 t 40
Consol Electric 8torage..
0
Eddy Electric Mfg Co..25 t 1 3 *
Edison Kl 111 Co NY—N Y
Edison El 111 Co Brk—N Y
Edison Ore Milling Co....| 11*
Edison Storage C o...........
24

175
50
10
15
14
30

II Dae June,

7 c o n s e c u t iv e

ii Dae May.

1 D M Nov.

p a g e s ).—

E le c t r ic C o m p a n ie s
East. Bind Electric Light..
Electro-Pneumatlo...........
Fort Wayne Kleo. Co ..25
Series A ............... .........
General Electric Co—N Y
Do pref.—See Boston L
Hartford (Ct) E lecL t Co.
H artf’ d(Ct) Lt&Po<*Co25
Mo Edison Electrl j.
Do preferred.
Narragan. (Prov)El Co.50
Now Hav iCt) Elec Lt Co
RhDde Islam’ E
P~

Bid.
%
4c.

TEL.

Ask
1
80

Stock Bxol
1st.
130 140
t 4
0
28H 24
00
01
4x84
185
x U 8 * 125

R ange
Y ea r
1898.

W eek's
R ange or
L a s t Bale.

P r ic e
F r id a y ,
J a n . 27.

BONDS.
N.Y . STOCK E X C H A N G E

1898.

[Vol. l x v h i .

&

Low . H igh . N o. L ow .H igh t
1 0 9 * 8ep.’ 97
104 D e c’98
1 04 * Feb.’ 98
1 00 * 1 06 *
1 0 4 * J’ne’ 98
112 Jan.’ 99
108 N ov’ 98
1 0 1 * 1 02 *
9 9 * Jan.’ 90
1 0 0 * 1 01 *
93 N ov’ 98
108 Jan.’ 99
100*
100*
103 May’ 97

10 2

07 102*
1 12 * 113
1 1 2 * 113 oOH t o iw
108 N ov’ 98 . . . . 108
100 J’ne’ 98
106

J’ly ’ 98 —
Jan.’ 99

A ug’ 98

10094

1 0 4 * 1041a
100*106*
104 105
1 0 5 * 110
104*108
04
09*
9 3 * 97
9 1*
2 !*
91
98
105* 109*
104* 109*

95

....

::::

10 0

95

m i l is o ji

107* 107* *

123

1 2 3 * D e c’98

113
n »M
108

i ’20

12 1
131 Apr.’ 98
12 1
io s *
1 0 2 * D e c ’98 . . . . 10 2
2 1 05 * HO
1 0 5 * 1 05 *
1 0 5 * Jan.’ 99 . . . . 105M 1 0 9 «
1 1 0 * Jan.’99 a l 115* 1 2 0 *
115* 119*
1 1 6 * Jan.’ 99
107
1 07 * 155 10 2 1 0 7 *
108 1 0 7 *
106 Jan.’ 99
1 0 8 * D eo’ 97

121
112
104*
122
121*
125*
106*
108

Oct.’ 98 . . . .
112
D e c’ 08
Feb.’98
J’ne’ 98
Jan.’ 98
Feb.’ 98
Jan.’ 98

107*
108
104 N ov’ 98

121

110
102*
122
121
12 5 *
106
108

32 100
104

131
115*
107
128
127
1 25 *
100
108
107*
’ 04

1 0 4 * 0 0 t.’ 97
174
174
172 Jan.’ 99
1 2 0 * A u g’ 98

145 178
145 1 7 2 *
120* 120*

1 2 0 * Jan.’ 99
1 1 4 * Jan.’ 99

119 1 3 1 *
1 13 * 116

1 0 0 * 1 00 *
1 04 * 1 05 *
1 0 1 * N ov’98

10 1* 10 1*

1 15 *
117
131*
180
102*
100*
09*

105* 109
00 105

119
115*
112
Oct ’98
124
D e c ’98
124V<
8ep.’98
90V*
103*
93
Sep.’ 98
57
68 8
70

1 19 *
119
131H
130
103
101*
70

2
1

88
104

90
110

127
128
117*
101
07
91

J’ne’ OS
D e c’?8
N ov’ 98 . . . .
A ug’ 98 . . . .
F e b ’ 97
9?M 38
9 2 * 437

102
120
118
117

105
127
128
119*

102

Jan.’ 98

102

90
115
10 2

90
115

84
9

8ep.’ 98
Sep.’ 98
8 * 8ep.’ 98
81 Jan.’ 99

1 1 3 * Jan.’ 09
1 02 * 103
132
132
121 J’ne’ 98
102 May’ 97

83
74*

80
8
8*
75
111
89
118
131

»7 *
90

102
85*
15
li*
82
110
101*
131
121

a These are option sales.

ELECTRIC, <&o

iB c tr ic C o m p a n ie s . Bid. Ask.
Toronto (Can) E lecL t Co. 135 130
100
Thom-Houst W elding Co.
18
is
United Elec Ll& P Co pref
8 3 « S5
B o n d s.......................
Woonsocket. (R I) El Co.. 100 105
F e r r y C o m p a n ie s .
t’klyn & N V Ferry-Stock
Bonds 6s, 1911...............
Metropolitan Ferry—5 s ..
N J & N Y Ferry—Stock..
1st 5s 1948............. J&J
§And interest. *•Price

39
$117
111

89H
115

n o 3 « 100'
i'er sh are

Jan

iR E

8, 1HK]
BONDS.

H.Y.8TOOK. E X C H A N G E
bsk E n d in g J a n . 2 7

W .

C H R O N I C L E .— BOND
WeeJc’ s
R ange or
L a s t Sale.

P r ic e
F rid a y .
Jan . 2 7.

Bid
A tk .
Oru 8h L— Ini oou a 5*,.. 1946 J - J 11134 Sale
89 $i:Sale
Non-cam lac A m .......194*3
Non-ca lac B A col tr.. 1946
7354 Sale
Oswego A Home.
N YC
0 0 F A d t p . Sm C 4 N W
oaatC o -1 st g S s .l 948 J -D 106)4 Sale
P acC
a o o f Missouri. 3 *4 Mo Pac
Panama I s t s f g 4)4a ... .1917 A ' O
3 f subsidy g 6a.........,.1910 M-N
Ptnxi Co ga 1st g 4)4*. . 1991 J - J 115 . . . . . .
Registered.........1941 J - J
Otd3 4 * 00 ! tra it r««. 1937 M ~g
P C C A s t L con ga g 4)4*—
..................... 1940 A -O 115 .........
115 .........
8 eruw B g u a r ........1 0 4 2
Series C guar___....1 9 4 8 M»?i 115 .........
Sense D 4 s g u a r ..... 1945 M-N
Pitts C'ln A 3t L l i t 7 a 1900 F- A
Registered..................1900 F- A
Pitts Ft W A C l i t 7 * .1912 J - J
2d 7>............. .. ... ... 1 9 1 2 J - J
3d 7s........................ ..1912 A-Oi!
C St L A P 1st ©on g 5a 193a A
!*.!!!* HUH
R egistered................ 1932 A -O
C ler A Pitts w a s f 7s. 1900 M- N •100 .........
w e n g a g 4 H s ie r,sA.1942 J - J *1*0 .........
Senes B.................. 19 4 2 1 A -O
S n e A P lt t g a g S H s B.1940 J - J
Senes C...................... 1940,i - J
S r HA! ’i t 1 st gag t.J4s. 194 3;J - J
Aliegh V * ig e n g a g 4 i.l9 4 2 j .’U- 8
N A C Bdg*geDgug4$4*'‘*3M - J
Peon RR 1st reel es g 4a 192:i !fl-K
Con sterling g As.. . . . . 1905 J - J
Con currency flt r®g.. .1905:Q~Mt
C ong 5 s ....................... 1919, M- »
Begintered. . . . . . . . . . . 1919! Q - H
Cong 4 s . . . . ..................1943 I I -N
Cl A Mar 1st g a g 4W*. 1935 .71-N ; ; ; ; ; ; ; ; ; ; ; ;
ONJ R H A C en gen 4 a 19411 .Tf-3 *115 . . . . . .
O B RHA Bge Istga is g. 36i F- A
San A Lewi* la tg 4* . 1936 J - J
P e n a a o ia A At. JasLA N ash
Peo Dec A K Ictg Aetr rec.'30 J - J • 99 .........
B raes DlY 1st g 6a trrec.*20 M- H . . . . . . 97

|3
5§

R ange
Y ea r
| 1893.

BONDS.
N. Y . S T O C K E X C H A N G E
W b k k E n d in g J a n . 27.

L ow . S ig h . N o, L o w . H igh
90 96 X11)4 Bev P A W 1st con g 8s. 1934
n o , in *
la t g 5s...........................1934
85)4
87«4
8 0 * 209 58
730 39
6 7 * Scioto Vel A N E. SseN orA W
71
Seab A Roe 1st 5s.......... 1926
Sea A B Bdge. Sr# Bklyn EL
106
106)4 44 :102 107)4 Sod Bay A So 1st g 5a. ..1924
So Car A Ga 1st g 5 s .. ..1919
Southern Pacific C o Gal Har A S A 1st g BalOlO
2d g 7s..... .................. 1905
116)4 Jan.’ 9 9
108 116
M ex A P aodlr ls t g 5 $ .'3 l
110 J 'l y ’ 98
no
no
Hoas A T 0 1st W A N 78.-03
103 Noy ’ 98
102 10*
1st g 5s Int g td .........1937
C on g 6s lot g t d ....... 1912
114)4 Jan.’ 99
109)4 1 14 *
11134 O ct.'98
Gen g 4s lo t g t d .. ... 1931
108 118)4
113 113
Morgan's La A T 1st g 6s. *20
113 Noy*98
107 D e c’ 93
1st 7 s ..........................1918
104 107
10714 Jan.*99
10614 108
N Y T A M exga ls t g 4 s .'1 2
Ore A Cal 1st gtd g 5s. 1927
109M A pr'97
13834 JatL'99 . . . . 14*6“ 141 *
5 A A A Pass le t g a g 4 s.'43
141 Noy'98
T ex A N 0 l i t 7e.........1905
140 U 1
Sabine d ir 1st g Os.. 1912
Con g 5« ................ ,.1943
11*34 A p r‘ 97
S o P o f Argtt 1st g 6a,'09-10
107 May’ 98
107 109
8 P o f Cal 1st g 6 s.'05-12
1st 00 n guar g 3a.. 1937
A A N W 1st g o g 5s. 1941
8 P Coast 1st gu g 4 a . 1937
8 P a o o f N Mex 1st gO s.’ l l
Sooth Ky—lat oon g 5 e ..l9 9 4
R e g iste re d .... ......1 9 9 4
10* Moy‘ 97

3*g

if

P ric e
F rid a y .
J a n . 27.

W eek ’s
R ange or
L a s t Sale.

L

m%

O U T S ID E

S E C U R IT IE S

F erry (J s ttp s n lfa
N T A B B Ferry Srjrmk
Bond# vs r<f-1 9 3 ? . . . . . . .
N T A 'obokoii—flthdk-.
Bond#........ .
N V A H B Trane A Ferry
B«nd»T5f, fit 1904.......
lo t * A aaa st» trm rt....
1st
-5a 101W.. .JAtl
CtUcm Ffrry—rh o ck ......
IrtS4J»»20........ MAN
1 Buyer taya accrued
f Price per share.

Bid- Aik.
80
78
JI0O int
ftl
05
SSH
26
30
1 90
91
1106 108
48
47
l i nR
104
inter# at.

4 Dae J une.

* line J air. ll Dae March.

1

Dae Jan.

■«• •

R ange
T ear
1898.

Lour. H igh . No. L o ie.H y jh ,
.........
1 0 «K Oot.’ 97
MMH
.................. .
........ ••*-*«#
1 0 i5 iP «b .’ 88
l O i H 1 0 «M
J -J
ib o H Sale

107 Jaa.’ 9S
F -A
109 D e c'98
J
103M Sale 1 0»X 103>*
J]
J -J
m
o
......... 1 1 0 H t io w
J -J
1* 11 0
........ 112 D e c’ 98
89'^ Sale
89
S0 S,
J - J ; '•12-1 ......... IS 01 « Feb.'Ss
•139 140
139
139
! ....................
J - J ,*
* 88 « 108H, 10034 10094
80)4
j - j r|*......... soM 80
F -A
106*4 Noy ‘97
M- 8
J - J •10 * ......... 103J4 104
no
....... n s ■ n a
11854 D e o ’98
i : Ja
10«H Noy'98
M -N
9 5 * gale
91
95«
J -J
J -J
113M Not '8 8
J - Jl
| 10834 Sale 106
IO6&4
JVS O0t.’ 98
J -J
•1*0034 m i n 107)4 Jatu‘99
R egistered .................1996 j . j
100* * May‘*97
K Ten reor lien g 4-5*. 1938 .71-S '1 ...............— 10 2 14 Noy'98
R egistered..................1988 31- S
Ala Ceu R 1st g 6 s .. . . 19 18 1 J - J
Atl A Ch Air Line mo. 1900 A - O!
....................... . . . . ....................
Col A Greenr 1st 5-6*.19I6 J - j| “ III! 1 2 0 “ 118 Sep.'PB
S T Va A Ga 1st 7 s ... . 1900 J - J ................... 101)4 104)4
Divisional g 5s........... 1930 j - j
11534 Fab.v98
IISM
118}.
va n ush !
.........m *
Con 1st g 5 s ....... ,,,.1 9 5 6 M-N 1 1 8 H ......... 115)4 n o
Ga P a cR y 1st g 6s . . . 1922 j . j ' 120 . . . . . . 125 DCC‘ 98
Knox A Ohio l i t g 6s . 1925 J - J 117 ......... 119 Jan . '0 0
99 Jan. *90 **•♦j 05 101)4
Rich A Dan con g 6a. .1913 J - j 123*4 124
128)4 123H
94
96
*100 ......... 101 Noy ‘ 97
05)4 J ao/9 9
•104)4......... 104)4 D ec'98
90 Dec 98
15
*0
Virginia Mid gen 5 a.. .1936 .1 1 -N . . . . . . . . . . . . U 0 «
....................
110^
May *98
130 190
Gtd stamped.......... 1936 11-N . . . . . . . . . . . . n o
P*o A P e h U n i a t g « * . . . 1 92 1 Q - P
D e c '98
90 Aug’98
* d g 4 )4 *... . . . . . . Feb., 1 0 2 1 M-N;
*5)4 90
W O A W la tc y ga 4a.l924 K - a
; 90 Sep.*98;
P in e Creek reg guar 6*.. 1932 J - D
...... ......
West N c i*t e o n g 6s. 19 14 j « j
.187
No t ‘07
t i#
........ 118)4 D ec*08
, S A N Ala. 3** L A N
Put* Cm A 8t L. 34 4 Penn Co.
'S p ot FaltgANor 1 st g 6e.l9H9|j - j
P O C A St U
344 P e n n C o.
107)4 Oct. *98
P lu s Cler A T ol l i t g 6*.. 19*2 A - O
10734 10734 8tatlsl Hy 1st g o g 4*4*-104* j -D
Pitta A C o t m e lls Y . 3*4 H A O .
Hnnb A Lew—Nr# Peon RRP U tiF tW A C h . Sr*PeonO>.
Sjrra Bing A N* Y. 3 * 4 DLAW.
P it t s J a n e l i t g 6 s ...........1 9 2 2 J - J
'P e r A o f 8t L I s t g 4 * * .‘39 A -O i n * . . . . 111)4 D oc'98
1*1
No y ‘ 98
181 131
1 1st oon gold 5*. 1894 194 4 F- A I l l ) # ........ 110 Doe '98
P U ts A L E r ie — 2 d g J s .. 1 9 2 6 A -O I |
St L M Bge T er gagC s. 1990 A -O
P u ts M eK A Y o ~ l s t g u 6 s .'3 * J - J
108 Oct. *9 7
, Terr« Uante Elec Ry g 6*.* 14 (J-J t
* d g u a r 8 a . . . ............. . . . 1 9 8 4 J - J
McKee A B V t it g Hi. 1 9 1 8 J - J
1Tex A N O. 3 *4 So Pac Oo.
T exA P Ry B dlY l*tg 6«. 1805 M - 9
105)4 D oc *98
PUt* P A F l i t g 5a.......1916 J - J
*0
... ,0
»0
P U U 8 b A L B 1 s t * 5 * .. 19 4 0 j A - 5
II* Jmru’ DS,
10* U * K
.
.. . 0 0 J_ . d_ ! ib '9 « Sale 100)4 n o
l i t gold
5 * ...............,,90
1 st e o n s o i gold 3 # .......1 9 4 3 J - J
Sale
.................. 99 J ’ty*»7
.............
84 gold Ino. 5s, lhac.. .8000! Mch.
4&14
47
8 8 *4
71 76J4 100|< Third A r 1st gold 3 e .. . . 1937 j - j
Puts A West 1 st g i s . ..1917 J - J i 99H Sale
195)J Jan.'V9
Puts V A A s h 1st eon 5 * l « 2 T M - H ...................... ............... . . .
Tol A O C 1st g 3*..........1935 j - J *104 Balo t04
105*4
9714 Sale
8 * fc
S9 S667 7 7 1 4 89
-Weat’
- - n-dlY
- l i t g 5a..
Co gen g 4*... 1997 J - J
♦ 100
......... 102 Deo 98
R eading
R egistered............. 1 99 7 J - J
General gold 5 *............. 1933 J - D
lea**«i*er A Ser. Ass D A U
85
Kan A M U tg a g 4 a ...1990 A - O * 81
SO
so
Bleb A Dan. 8*a South Ry.
78)4 70
Tol Pao A W 1st gold 4a 1917 j _ j
7SU
7HK
Rio Gr Weal l i t g 4*.. ..1999 J - J
9434 S a le
9334
94
*17 7834 93 I T rft L A K 0 l« A f 6s t r ,l9 l6 lJ - D
05*4 100
9914 Sale
RJk> Gr Jane 1*4 go g 5 e.!99 8 J - D 10 0 ....... 10 434 104
■
I liter A I>el 1at 0 g 5s, 199>l J - D 09 100 100
9t*i'
1U034
Rio Gr 8 0 1st g & U .......1940 J - J
73 Dee
54
80 I 'a io n Bi*T. 3t* akiyn El or
Roeb A Pitta. St* B R A P.
C o K1 (Cat9) l i t g 5 a ....1945 A -O 1 0 7 )4 .........
Boas® Wat. A Og 3 *4 3 9 T Cent.,
1Ca P a e -U R A i g g 4*. 1947 J - J 105 dale 105
10514
O alt Lake C U tg *f 6 *.’ 03-13 J - J
Registered...................... 1947 j - j
09 (4 O cu ‘ 0n
O t J o A G I l i t g i 3-4#.. 1947 J - J
8334
84
84
S a le
T rC b « f » i ( H i .......... 1916 M -N ......... 70
5834 B4H
87},
07K
St L A a t U. 344 nil n oli Cent.
U P DAG l i t c g 5s t r r e / 3 9 ........
94)4 gale
00)4
004
It L A CaL 3 *4 Mob A Ohio.
Cnl N J RR AC Co. St* Pa RR
8 t L A Iron Mount. St* M P .;
Ctah A North. 3** Ore 9 I-. |
St L K C A N. 3 *4 Wabash.
Utica A Black R. 3 *4 S Y Cent!
84 Li M Br. 3 *4 T HR A o f StL
\ / er Val Did A W . 3 *4 Mo P. |
S iL A S F i d g e s C l A ,, 1906iM- N H 434 1 17
9 l.rglnla Mid. S*«8ott&h Rr.
lit
Jan. *99
m
new
*4 gold 6 a Cl m i B.......1906 iM - N i 1 \4h 117 l t i Jan.'9ft
ab RR Oo 1st g fie.. 1939) Yl-w 115 gale U W
,u iw n « k
116*4
I d geld «* d a a # 0 , — 1906)M- N 11434 M7
11434 Dec IK
*8*
U 9«
90)4 Sale
u i K iie v t W 3d gold 5*............1939 F -A
l i t g 6 * Pierce C A 0 ..1 9 1 9 F- A
Debenture series A ... .1939 J - J
General gold 6 e ........... 1931 J - J
19* Sale 1 * 3 ) 4
134
49 U 4
195
Senes U....................1939 j - j
3*H
38*
8714 Bale
General gold 5*. .. .. . . . 1 9 3 1 J - J 10714 Bale 107H 108
106 ........ 106*4 1075*
107 , 9HU U 0
IstgS aD et A C h R x t ..l9 4 l j - j
1 * 1 trust gold 8 « ....... .1967 A -O
10O
. . . . 10 0 noy ' wh!
9*34 10 0
........ 109*4 Jao.’ 09
StCbaaBridge la tg 6 a 190^ A -O i l l
F t8 A vr B Bdg letg 8 e. 19 10 A -O 4....... . 1 1 1
1 os
o e t -'r r 1. . . . ; ........... .
Warren RR. 8 *4 Del L A WI
Kansas Mid la tg 4 i ...I 9 3 7 iJ - D
Wash OA W. 9** Southern
0 tL A S F H R g « « . . . . 1996 J - J
86 Sale |
West N Y A P*—la tg 3 s. 1937 J - J
h?U IBS, 89
11 0 5 4
nok
Soathw DW 1st g
1947 a - O
Gen g 8 -4 s .................... 1943 A - O
97M
30
57
«0
4t L So. 3 *4 mtfiois Cent.
Income 5 s....A p rlIt 194 2! Noy. ‘ Yo|| S a ls ’ IBM
............ j 88
18M
I t L S W l m g 4* nd eta. J8*i9jM- N 90)4 Sala ' 99
81 I5W, 70
8
West No Car. 3 *4 & « t h Ry.
9d g 4* lac b^ind c t f i . . 1939 J - J}
31
S a le
49
52U.2663'.j 3 5
41M Western Pac. 3** Cant Pac.
Bt Paul City Cab. c g 5*. 1937 j - j
80 N osP9?|.... .................... 1 W Chic 9t40-yr U tcu r5 * .'2 3 Yf-N
Guaranteed gold 3 * .., 19.47 J - j
.........» . i ........................
40-jear oou g 3a.......... 1936 M-N
f t Paal A Dal nth 1it 5*. 1931 r - A 1 * 1
1*6
Wart Shore. 8 ** 3 V Cent.
l*«W Jks -'BB
115 181
8d 3 * ...................... ....1 9 1 7 A -O 11344 11314 1181, U S *
105 11114 W Va A Pitts. 3 *4 B A O.
ftP a u l M A M 2d 6 a .... 190V A -O * 13333 196 IS , O oo'B ,
vv Va (Hint A P l i t g 6«. 19 It J - J
110
18t
118 Jan.'99
Dakota ext gold « * .„ ,1 8 l 0 M-N * 133 1 96 * 1 -KH IB S*
11834 1* * * , 1 Wheeling A L B 1st g 5a 1926 A -O •i05 ......... 106 Jan. *99
l i t consol gold 8e. . . . . 1839 J - J
Trust Co certificates.
I iM i J u . ' U
•105 108 10414 D e c'98
1*8
18814
R i« iib w e d .......... . 19S.il J . J
Wheel Dir 1st gold 5*.19* h J - J * 04 . . . . . . IOC 8ep.’ 9H
Reduced to go Id 434* 19831j - J U S
10534 114H
EExten A Imp gold 5 t .. 1930 F - A * 91 ......... 92)4 M»r ’ v»h
.11834 113341
................... 1 8 3 0 J - J . ........................ ,.10634 Mar*9e[ ..
................
Consol gold 4a....... .,..1 9 * * J - J
82)4 Jan. *99
^ o n t B it lrteoIO < « ,.1 9 3 7 ;J - r»i I0 5 u
10434 —
* " ------------------- A
-------105M
K**L 3----------------* 4 Pf T 9 * W
95)4 10414 *Wilkes
..................1»37 J . D .................. , 104
Wll A Sioux F. 3 *4 8t P M A M
104
96
96
381ns U n io n l t i g 8 ,..1 8 3 V i ’ J . J
...............
18*34 Jan.*96 .
Winona A St P. 3s* C A N W
Mont O U t gu a « « ___1987 j - .1 ..............
34 Noy‘ 07
WlaOentOo Isttr g 5* .1937 J - J
tfO O et/9 «
( 188
K » « l « t * r » 4 .................... 3 8 3 7 J . J
....
115 A pr'97 .
........... 11 BngraTed tnsrt certificates. . . . . .
58
61
I K J W K ' H 5 « ...........3 8 3 7 J . 4: n o w . . . . .
107 1 1 * 34].! t n « n n e 5 a .....................1937 A-Ot
7 N oy’ 98
11334 113)4
.........
B «tl«M rw l............ . . 3 8 * 7 ( 4 . J
...........
... lT lstg
'
Q6 .MA4 - O U 9
EM la id
O‘ i... t1908
111)4 l l i ) 4
l 10534 11034j: GAS A ELECTRIC LIGH T BON D8.
Registered................ 1906 \ . o . . . . . ....... ..........................
.................. Atlanta G L C o 1st g Of.1947 J - 0
# 0 1 A 8 r U tg 5*. ...108M j _ n 118 .........118 A o g ’ 98
; ; ; ; ; : : : : : : 9154 O ot/9 8
118
113
B o e U G a s t r e t fis f g 5 * . / 3 9 J - J
Bkgirtered................ 1 8 8 8 U -D
........... ................... I ..... .............
Bklyn U Gas l#t con g 5 «..’ 45 M-N • U 8 * . . . . . . 117H U9W
it P A Nor Pac, 3*t Nor Pac
C h G L A C C o . 3 *4 P 0 A C C o
6tP A S*X «;ity. 3 *4 C St P MAO
Colnaabus Gas 1st g 5#. ,1998! J - J
g A A A P. 3 *4 8 0 Pac. Col (
I .'on Ga* Co. S u P G A C (V).;
i f 4 I P 1st * / tr n-«... I 9 l 9 'j - ji
..JlO O l* Oct.*97i
•Detroit City 9 m g 5 « ,, .1 9 * 3 ! J - J l 97 Bale
96*4
97)4
•No price F«days iatast bid and asked this week-

179

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

93
....

107

119

92

3 16 734
. . . . 105
100
7614
130)4
2 127
30
215

i'08M
107
I00S
n s"
112

87)4
120)4
127

75
*9844
5S1, 8 1 «

113
1

10034

90

81)4

n s iS
106-^ 118)4
0 2)4 10 2 14

92

. . . . 105*4 118)4
310 87 106
98
98
108 107
....

*6

io iii

1 1 8 “ its* *
i 105)4 108
12 113)2 117
15 107 115)4
118 125
. . . . 113 118)4
3 118 127

95
...
9 100
. . . . io3
8744

105
111
no
90

110 8 118

M

....

....

109 112)<
105)4 110)4

105)/
sad
28
117)4
l 1 102
102

38
600

Old
uo
50)4
128
106)4
105
11

9
5
242
s

70
89
80
98

s il*
80
93
104

607

*sai<
8»W
44
«8 «

io s ii
BBH
66
88M

52
283

74*4

95)4

1213
11

21
97

1i

IS0

89
10814
10 8 )4 n o

10 103 111
170
17), 68 H
2014
14 10

....

i b o ii id s
too 1 0 4 ,
00

10 8

....

08*
35

M S,
67*4

333

as *

e««
iH

4

m i i 'i i f i
8 108), 117

31

89

99)4

I Bonds dae Noy . a These are option sale#.

(G iv e s at foot op 7 ooneecOtivb pages).— F E R R Y & M IS O E L U S .

.71l a r e i ln n c o o a . Par. RM IA * ,. 1
\cker Merrali A Coo. 100
88 ! 101
Am A 1r Power o f N T . 100 «91t 70*4!
Americ*n A x e A T o o l. 100
80
31
Amer Bank Note C o.. .50 t 39 j 41
American Brake C o .. 100 n o
t it 1
Ainer, Caramel —C om ,..
50 ! 60
100
\mer Groo—1st pref 100 . . . . . . 1 10
kmer Malting Co—3** gt ock E x Hat
\rr. Pn*ffmA‘ Tool C o. 10 •or,
is
kroer Preea Aaaoc'n. .100
93
105
American Rrrew.. . . . . 2 ^ f l t f i ; 140
1 %to Rods Foun—Cbm 100
7 112

H lls ce lliD O o a s t Par. Bid.
l I D c r l l n n c o u a . Par. Bid. Ask.
im er Graphophone... . 10 t 12
Am. 8 o. Fo. 1st prof.. 1Of; 50
60
90 i Preferred . . . . . . . . . . .
2d p referred .......... 100
t 13M
13
Ntner Steel A Wire—Sk* 8Cck K*Pt. Anderson (John) Tob.100
11
; Automatic Vfehdlng.. .10 t 3H
Am Steel A Wire (new )..
42
U2 H t,lH R^meyASm Car-Com.l00
16
P r c fo tr e l..........
P referred. . . . . . . . . . . 100
85
vmen can 9urety........50 100
195
6* 1 9 4 2 ..,,,,, .....J A J 102)4
43K
43
Amur Tin Plate—C om ...
Bergn A Eng Br—See Phi 1. list90
1st 6s............................. n o
Am Typefn'r*—8tock. 100
62)4 55
Blackwell s Durh T ob.25 t 13
\mer 8e»r!ng M ach in e..5 t 2
liner 8 1 r a * b o a r d ....l 00
32^ 9*54 OIIbs Company—C o m ..50 1 58
P referred ............,.,.5 0 t 80
Amor Wrn g e - c o m ...100 101 102
Bond A Mort G u ar... 100 225
P rof........ . .................... 114

Ask.
IS-*
I8 «
18
4
20

112
20
62
05

THE CHRONICLE.—BOND PRICES (.5 pages) Page b

180
BONDS.

8 -g

M .Y . S T O C K E X C H A N G E '

?!

W b k k E n d in g J a n . 27.

P r ic e
F r id a y ,
J a n .
B id .

27.
A ik .

F -A
11 - H 1 1 1 % ..........
1 22
..........
J -J
A- O
Registered............... . ••••••■ A - O
■ q O u L N Y 1 at c o n g 5 s . . 32 M -8
I q Q J t F u e l. S e e P G 4 C C o.
119?% Sale
(t o n K le e C o d e b g 5 a . . . 1 99 2 J - D
O r R a p G L C o 1st g 5 s . . 1015 F - A
K O M o G a a C o la t g 5 a. 1 93 2 A -O
L a c Gas* L C o o f St L 1 i t g 5a’ 19 Q-F4 107** !*.!!!
gznalt b o n d a ..................... 1 9 1 9 Q-F4
M a t F u el G as C o S ee P eopG as
P « o G aa 4 C 1 s t g u g 0 a . . 1 904 M-N
2d g td g Os....................... 1904 J -D
1 st c o n s o l g 0a................. 1 9 4 3 A -O
B a fu m lln g g 5a................ 1 9 4 7 M-8
Q u C o c o n l a t g 5 I ..1 9 1 8
B d K1 III la t c o n r g 5 s . . 1010
l i t c o n g 5 a .............. . . . . 1 9 9 5
■ d B1 111 B 'kljrn l a t g 5 i . 1 94 0

D 9t

Registered................. 1947 M-H
C h G -L 4 C k e 1 at g u g 58*37 J - J
Con G C o o f C h 1s t g u g 5 a '3 6 J -D
B q G 4 F C h l s t g u g 0 s . ’ O5 J - J

M u F u e lG a a la t g u g 5 .1 9 4 7
W e a t n G a s C o o o l t r g 5 a ...*33

M-N ........ 107
M-N

W e e k ’s
R a n g e o r
L a i t S a le .

32

R a n g e

T ea r
1898.

P rice

BONDS.

F r id a y ,
J a n . 27.

N. Y . STOCK E X C H A N G E
W e e k E n d in g J a n . 27.

No~ Low High\
Procter A Gamb lat g 0a. .’ 40 J - J
90 103
94
A u g '9 8
11294 8t L Ter Cupples Station &
11U 4
1 H % ‘ Vs 108
Prop Co latg4)4a 5-20 yr’ 17 J -D
129
_ 1 2 2 _ 10 114)4 120
8 Yuba Wat Co con g 0a. . ’23 J - J
113)4 j ’ne'97
8p Val W at Works lat 0a.'06 M -8
Stan Rope A T la t g 0a.. 1940 F - A
Income g 5a...................1940
90 110)4 Sun Ck Coal lat g a f 0S..1912 J - D
112)4
T en n C oa lT D lv la tg 08.1917 A-oa
Birm Dlv lat con 0 a... 1917 j - j
Cah C M Co lat gu g 0a..'22 J - D
ib’o ** i ’0‘7
108)4 108)4
De Bar C & I Co gu g 0s. ’ 10 F - A
U S Leath Co a f deb g 0 a .'13 M-N
Vt Marble lat a f 5a.......1910 J - D
111 Nov’ 97
102 11 0 9 4 , WeBt Union deb 7s. .1875-00 M-N
105)4 D e c'98
Registered.......... 1875-1900 M -N
115 124 I
124 Jan.’ 99
Debenture 7 a .. . 1884-1000 M-N
104)4 100
100 D e c'98
Registered.......1884-1900 M -N
Col trust cur 5s...........1938 J - J
109* * 11194
11*1*94 D e c’98
Mut
Un Tel a f ’ d 0a. ..1911 M -N
1 01
10A94
108% Jan.’99
Northwestern Tel 7 a ... . ’ 04 J - J
102 108
105)4 Occ.*98
W h L K A P C Co lat g 5s.’ 19 J - J
92 100 100
105)4 107
101 101
101 Mar’S
U. S. GOV. SECURITIES. (For
U S 2a registered-----Optional Q - M
U S 3s registered...........1 91 8
98)4
100)4 1 0 6 )4
102)4 1 0 0 ) 4 U S 3a coupon ................ 1918
108
108
U S 4a registered...........1 90 7
Jt
U S 4s cou pon ..................1907 , Jt
90
04
90
80
U 8 4a registered...........1 92 5 Q- F
84 100)4 U S 4s cou pon..................1925 Q- F
'*9*9** **9*2)4
U S 5s registered......... ,,1904 Q - F
U S 5s cou pon ..................1904 Q- F
109)4 F eb ’ 97
U S 0s cu rren cy.............. 1899 J - J
U L 48reg certs (Cherokee)'90 M c h
95 100
100 N ov’ 98
8TATB SECURITIES.
Alabama—Class A 4 to 5.1900 J - J
Small....... ..................
100 104
103
N ov’ 98
Class B 5s.................... ,1906 J - J
70
3794
89
8e%
Class C 4s.......................1900 J - J
101)4 105)4
1 0 3 9 4 N o v '9 8
Currency funding 4 s...1920 J - J
104 104
104 Feb.’ 98
Diet o f Columbia—3*058.1924 F -A
Louisiana—New con 4a.. 1914 J - J
Small.................................
10
24
22)4
22%
100% D e c'98
98)4 10094 Missouri—Funding. ..1894-95 J - J
Nortn Car—Consol 4 a ... 1910 J - J
95)4 Jan.’ 97
S m a ll.....* ............... *........... J - J
6s.................................... 1919 A - O
111 Aug'97
So Carolina—4%s 20-40.1983 J - J
Tenn—New settlem’t 3s. 1918 J - J
100 100
Jan.'99
Small..................................... J - J
A p r'97
Virginia fund debt 2-3s,1991 J - J
R egistered.................... .
107 May’ 97
J -J
0s deferred bonds.......... .
80 May’ 97
Trust receipts stam p ed....
102 J’ly '97.
L ow .

H ig h .

B id.

tVoL- LxvmW eek's
R ange or
L a st Sale.

A sk . Low .

101
89)4 Sale
20% Sale
100
109

Bale
Sale

102% Sale

115)4 Sale

R ange
T ea r
1898.

H igh.

L ow H igh
113 118

F e b ’ 97

89

93
90
31)4 715

27

108)4
102

51
11

100

79
79

109

IS*
103U
100

100)4 10 2 *
117 Jan.’ 99

83
97
111% 117

103* * N ov’ 98
105 M ar’ 98

108“ i*07~
105 105%

11294

111

115)4
N ov’ 98

21 105
111

115
112%

♦ 4 5 * * “ ’. !!!

daily record see seventh va
QQU
99)4
9994
MISCELLANEOUS BON D8.
10*9* \oiii 107 Jan.’99
A darns Ex—Col tr g 4a. 1948 M -8 l O 0 % 8 a l o
107% Sale 107)4 1079* 170
A m Cot Oil deb g 8a ... 1900 Qu-F . . . . . . . 1 08 *
112 112)4 112 M 112)4
3
Am D k4 Imp 5s. SeeCen N J
55
112& U 3)4 1129* 113
Am Spirits Mfg 1st g 6a. 1915 M-N • 85% 80%
3
128) 4 129)4 12894 12894
ar A 3 Car Co 1st g 0a. 1942 J - J
129) 4 130)4 129
12*94 301
B k’n W A W U la tg 5a. 1945 F -A “ 92% Sale*
1 1 1 9 * 1 1 2 ) 4 11294 D e c ’ 08
/^lahCoal Min. S w T C IA R .
L13
114
1129*
Jan.’
99
VThlo Jo 4 StYd col g 5a.l9l5 J - J
1 0 2 )4 Oct.’ 98
Non-cum. Incomes 5a. 1907 J - J
1029* .
Olearf Bit Coal. S ssN Y C A H
.103)4
Ool C 4 I 1st con g 0 s ... 1900 F - A
Ool C 4 1 DeTC ogug5a..l909 J - J
107
1089* N ov’ 98
108% 100
Coupon off............................
105 108
105 Aug* 98
90
Ool Fuel Co gen gold 08.1919 M-N
107 .
105)4 108
108 Sep.’ 98
89%
Ool F 4 I Co gen a f g 5a. 1943 F -A
100 .
98 104
104 N ov’ 98
Com Cable Co 1 at g 4a... 2397 - J
100 .
Registered.................... 2397 - J
115 118
119)* •
118 N ov’ 98
eBardel C A~L See TC 41.
100 100)4
108 .
D el 4 H Can. See RR bonds
109)* Jan.’ 99
98 100%
100)4 M a r’ 98
22% Sale
Dot MJtM Id gr 8%s 8 A.1911 A -O
KrleT A T c o lt r g a f 5 s...l9 2 6 J - J
101
104
1*04**
N
ov’
98
*
95)4
07
Or Rlv Coal A C 1st g 08.1919 A -O
Hack Wat Reor la tg 5a. 1920 J - J
130
128** 128*'
128 Feb.’ 98
Hand B Co lat s f g 0a.. .1031 M -8
104
Hoboken L 4 1 g 5a.......1910 M- N
98
87
909*
909*
Steel Co deb 5a.......1910 J - J
111Non-conx
87
94%
05
95
deben 5s... 1913 A - O
05
83%
S a le
80)4
87
b o n Steamboat Co 0 a ... 1901 J - J
Jeff4 C le a rC 4 I la tg 5 s 1920 J - I )
2d g 5a........................... 1926 J - D
8 Jan.’ 99
4%
9
1atg5a. 1919 M-N
M adSqGard’n
e t T 4 T lata fg 5 a . 1918 M -N
UNLISTED BONDS.
Registered....................1918 M -N
A tcb Col A Pac 0s tr ctfa .. .
95
98
98 D e c '98
99)4 101
69)4 Dec ’98
Mich Pen Car Co lat g 5a.’42 M- 8
Atch J Co & W est 0s tr ctfs
70 D e c ’ 98
Mut Dn Tel Co. See W n Un.
102 109
B & O pr lien 3^8 (w i)il9 2 5
939*
99 % 423
atStarchMfgCol8tg08'2O M-N 103)4 104)4 108)4 103)4
9994 Sale
N wptNews 84D D 5a.l990 J - Ji
1st mort 4s (when iss).1948
100 8ale
99%
99% 829
Col & South 4s (when issued)
87)4 Sale
87
8796 03
N Y 4 N J Tel gen g 5a c y .’20 M-N
Comstock Tun inc 4s. . . . 1919
II Y 4 OntLand latg0a.l91O F - A
4 N ov’ 98
Ohio & Miss co n ......................
104 A ug’ 98
HoWeatnTeleg. See Weat.Un.
Second A ve (NY) 1st 5s.l909
Peoria Wat Co g 0a.. 1889-19 M-N
109)4 Jan.’ 98
Pittsb & W est 5s tr c tfs ...
PI Valley Coal 1at g 6a.. 1920 M- N
5 ?% O c t.’ 98
* No price Friday; these are latest bid and aaked this week, t Bondi due July t Bonds due May. f Bonds due April. I Bonds due January. aThese are option sales

ti

OUTSIDE SECURITIES (Given at foot of 7 consecutive pages).—BANKS & MISCELL’S.
M lN ce lla n e o u a . Par. Bid ABk (
07
Knickerb Ice—Bonds 5a
Lawyers’ 8urety.........100 100 110 i
Lawyers’ Title In s.. . . 100 146 152
75
60
Liberty Silk Mills.......100
Preferred................. 100 85 100
Lorillard (P )—P r e f...100 118 120
5
Madison Sq G—Stock.100
35
2d 6a 1919............ MAN 25
Maine 8 S....................... 50 t 20
Mercb A Miners’ 8 8 ....50 t 60
80
Mech’nical Rub-Com.100
Preferred................. 100 75
7 6 * Mergentbaler Linot.—See Bosto n list.
Meriden Britannia Co.. 2 5 t 15
16*
28)4 30
List.. | Mich-Pen Oar—Com .. 100
22
80
92
Preferred................ 100
100 102
lBt 5a 1942.......... MAS
56*
90
Minneapolis Brew lat 7a. 105 107
4
100
Moaler Safe C o ... ....100
45
0
Monongahela W ater...25 t 8
10
Nat Biscuit—See Stock Ex List.
National Casket C o. . . 100 43
25
25
National Saw—Pref ..100
190
26
National Surety.........100
8 7* National Wall Paper. 100
85
75
r.0
50
N Y Loan A Imp.........100
72
N Y Biscuit 0a 1911.MAS 114 117
New Jer Zinc A Iron.. 100 105
N Y A lr Brake-See N Y S took K xch.
80
20
NicholBon File Co........ 50 t 24
no
7
10
Nicaragua Construct. 100
40
43
43*
Otis Elevator—Com
list.
Preferred..............
80* a m
Peck, Stow A W ilc o x ..25 t 16
"7 2 * Pegamoid, p re f..........100
35
55
100
Pennsylvania Coal. . . . . 50 340
t.
85
5a 1017.MAN.......
100
E x.lt Penn. Water—C o m ..,,50 t 6
0
h.llst. Phil A Wll Steamboat.50 t 06
70*
40
4
Pneumatic GunCar’ge.10
5
100
Pratt A Whltn—Com.. 100
8
4*
114 118
P referred ................. 100
35
40
120
S I * S 2*
Pressed Steel Car..
01
Preferred.............
82* 83*
50
00
Procter A Gam ble.. . . 100 260
05
07
Preferred................. 100 ;i80
2
5
R.I.Perkins Horse Sb. 100
15
17
Preferred...........,..1 0 0
80
40
100
RuBaell A Erwin............25
105
Safety Car Heat A Lt.100 105 112
75
80
8chwarzchlld A Bulzb.100 40
45
105
8emet-8olvay deb 5s....... 101 103
See St ock
Simmons H ’rdw-Com.100 128 135
Exch list.
Preferred................. 100 120 124
112
Singer Mfg Co............ 100 415 430
Standard O i l ............. 100 405 407
21
25
Stan.Diet. A Dia.—See Sto ck Ex. List.
62
Stand Und’rg’d Cable. 100 123
1 00 101
Sloes IA Slst 0s 1917.FAA
93
10
Southern Cotton O il.. .50 t 30
45
60
00
Stat I s lR T 1st 0s’ 18AAO 107
75
2d 5a 1620............... JAJ
90
106 116
90
Stillw-Blerce A 8m-V.100
98
3
Swift A C o ... ............. 100 98 100
25
1st 0a..................
1100 108
8t
St Ex List.
Bugq Coal 0a 1911__ JAJ 117

M i s c e l la n e o u s . Par , Bid.
55
Carter-Crume—Pref. .100
Celluloid Co................. 100 75
Cent America Tr’nsit.100
*
4
Cent Flrew’rks—Com. 100
P referred................. 100 87
Cbateaugay OreA lr 0s ’ 15 20
10
Cbea A O Grain El—Inc..
65
4 s . .,. ...............................
Cbesebrough Mfg Co. 100 325
Clallln (H B )-ls t pref. 100 08
2d preferred............ 100 98
Common—See 8tock Ex list.
75
Clark Mile End Thr’d.100
Collins Co.....................100 113
Color. A South 4s—See Sto ck Ex.
Col H r A Tol (wb iaa)...| 20
P ref (when laaued)......
98
Bonds 4)4 (when lss'd).
Comstock Tun—lat Inc...
**
Conaolld Car H eating.!00 40
Consol Flrew’ ks-Com.100
40
P referred................. 100
Con Kan C Smelt A Ref.25 t 22
Conao) Rolling Stock. 100 24
87*
P r e fe r r e d .,,,,,.............
75%
CrampB* 0h A Kn Bldg. 100
87
Diamond Match C o ...100 140%
Bnaley Land.....................
Eppena 8m A W lem .,100
Eastman Kodak C o...100 100
Erie A Western Trans.50 t 8 8 *
Federal 8teel—Set Stock Exch.
Fidelity A CaauaJty...100 250
Fidelity A Dep (B a lt)..50 t 70
Galveston W harf—lat 5b. 09
Genesee Fruit............100
German Am Real Kst.100 25
See St.
k Kxc
t 38
Preferred............... .100
Great Falla Ice........... 100
Hartford Carpet C o..100
Heck-J ones-J Mlll-Pf.100
l i t 0a 1 92 2 .......... MAS
Her’g*Hall-Mar-Com. 100
Preferred.................100;
Hoboken Laud A Irap’ t . .
5a . . . . . .

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

International Elevat.100
International Navig. .100
International PaperlOO)
Preferred........... 100)
Bonds 0 t........................
International P u lp ...100
Interoatlon’ I Sliver—Com
Do
do
prof.
Do
do bonds.
Iron 8teamboat..........100
«■ 1901...........
JAJ
Preferred.................100
Jonrneay A Burnham. 100
Preferred.................100
Knlckerb’r lce(C hlo)-Scr

Ask
75
80
1
8
45
30
1 7*
75
840

M i s c e l la n e o u s . Par.
Term Wareh—Stock.. 100
lat 0a............... ..............
Debenture 0 s .................
Texas A Pacific C oal.100
lat 0s 1908............AAO
Title Guar A Trust ..100
Trenton Pott^-Com. .100
P referred..................100
Trow Directory-New .100
Union Switch A Signal. 50
P referred...................50
Union Typewr—Com. 100

Bid.

64
J107*
295
15
60
50
t 68
t .........
19

As* .
10
70
70
68
19
70
50
70
21

M i s c e l la n e o u s . Par.
Un Typew—1st p ref.. 100
2d preferred.............100
U 8 Glass—Common.. 100
P referred ..................100
U. S. Oil—See Boston list.
U S Projectile C o........100
Wagner Palace Car. ..100
W elsbach Light—See Phil
Weatingh A ir B ra k e ...50
Willimantic Linen C o.. 25
W orth’t’ n P ’mp-Com.100
P referred..................100

102
103
30

100
192 193%
a. list.
tl6 0
t 25
40
85
102 104

B an k s.
Bid. Ask.
Bid. Ask.
B an k s.
B an k s.
N. Y. CITY.
Mercantile .. 170
Kings C o*....
America*. . . . 370
Merchants’ .. 153
Manufact’ra.
Am E xch . . . . 170
Merch Exch. 110
Mechanics*..
A a to r........... 350
Metropolis*.
Mech A Tra*.
Aator Place* 225
Mt Morris*. 100
N assau.........
B ow ery*...
280 300
Mutual*...... 100
Nat City......
Broadway.. 230
Nassau*........ 150
North Side*..
Butch’ sADr.. 62
New Amat.*.. 290
People’ s* ....
C entral...
160 is o * ' New Y o r k .... 230
8cherm’ rh’n*
C hase...... .
300
NewYork Co. 1400
17th Ward*.
Chatham . . . . 290
N Y Nat Ex.. 90
Sprague .......
Chemical..
4000 4 2 6 6 ' Ninth..........
70
20th Ward*..
Citizens’ ..
135
19th W ard*..
Union*..........
C ity ......... .
1850
North Amer. 140
W allabout*..
Colonial*. . . . 150
Oriental*. . . . 150 180
Columbia*.
145
P a cific* ..,.,, 170
T r u s t Cos*
Com m erce... 210
Park............. 400
N. Y . CITY.
Continental 128
Peoples’* .... 200
Am Dep A L.
Corn E xch *.. 290
P h e m x ......... 92
Atlantic Tr
East R iver.. 135
Plaza*........... 330
Central T r’st.
11th Ward* 220
Prod Exch*.. 115
Colonial........
F if t h .......... 220
Republlo . . . . 170
C ontinental.
Fifth Ave*. 2500
Riverside*... 190
Consolidat’d.
F irs t.,......... 2500
Seaboard. . . . 192
Farm Ln &Tr
First (St Isl)
Second ......... 450
Fifth A ve Tr
F o u r th ......... 170
Seventh........ 140
Guaranty Tr
14th Street*.
105
Shoe A L e’th 95
Knick’rb’ck’r
F ranklin.,
S ix th ............ 300
Manhattan..
G allatin..
300
State*..........
M ercantile..
Gansevoort*.
i ’o*6* State o f NY* 110
Metropolitan
Garfield...
1100
Tradesmen’ s
N Y L I A Tr
German Am* 115
12th Ward*.. 120
N Y Sec A Tr
German Ex*. 280
28d W ard*., 100
North Amer.
Germania*... 350
U n io n ....... 245
Produce Ex.
Greenwich*.. 165
Union 8q*... 175
Real Eat T r’t
H am ilton*.. 110
W estern... . 160
State Trust..
Hanover----- 500
West Side*. 275
Union Trust.
H ide A L ’ ath 105
Yorkvllle*.. 190
U S M tg A T r.
H om e*....
130
Unit. States..
Hudson Rlv*
BR’ KLYN.
Washington.
Imp A Trad. 400
B edford*. . . . 215
BiUKLYN.
I rv in g .......... 155
Broadway*.. 190 200
Brooklyn Tr.
Leath erM fr. 175.
Brooklyn* ... 125 180
Franklin.......
L ib e rty ........ 150
8th W ard*...
05
H am ilton... .
L in c o ln ...... 750
5th A v e * .... 104 107
Kings Co......
Manhattan*. 220
First............. 880 390
L Isi L A Tr.
Market A Ful 220
Fulton*......... 180 200
M anaiact’ra.
Mechanics’ 170
Ger Am er*.. 90 100
N assau.........
Mech A Tra*
102
________________H amilton*..._________________
105
P eople’s .......
* Banks marked with a asterisk (*) are State banks.
$ Purchaser also pays accrued interest.

Ask.
105
107
32
75

Bid.
100
200
105
250
280
330
100
190
140
105
200
140
115
105

A ik .

260
345
175
195
150
115
145
115*'

170
1700
400 425
225
1040 1080
350
475
310 8 3 5 "
175
500
320
12S0
215 230
220
225 24*6"
1175
300
1850 1380
300
400
22*
205
390
250
340
164
25G

400
200
170

t Price per share

THE CHRONICLE.

J anoary 28, U99 j
B o s to n ,

P h ila d e lo h ia

and

B a ltim o r e

S to c k

181

Exchanges— A

D a ily

and

& T 'S h are P r i c e * —ft o t P e r C e n t u r a P r i c e * .
A C T IV E

S a tu rd a y,
J a n . 21.

M on d a y,
J a n . 2 3.

36
36* 36* 36*
38
8834 30* 30*
351 953
955 955
88* 89
88
88
♦998 ....... 830 930
171 171
171 171
1 3 8 * 139H 138* 140
144 144*
144 144
183 185
138*198*
30
30*
SO
30
44* 44*
4 4 * 44*
80
80
115 115* 115 115
*38
41
*95* 96* 95* 95*
69
89
•08 70
26* 27
80*
7 * 7*
*8
>1*
90
49* 49* 48* 49
80* 80 *
399* 199* 200 300
•47
50
43
46*
•0* 07* 08* 70
96* 98* 9 8 * 96*
11 5-18
98 11-19 *{
17*
15* 15* 16
48* 50
43* 50
79
89
80* 84
3 * 34*
33* 34
94* 94* »4 * 9**
308
133
113
983*
87*
688
09

310
139*
113 j
2M3*
90
690
69*

88

39*1

808 316
129* 134*
112*113*
385 280
87
89
895 700
09* 70*
33* 34
MW 8 4 *
63* 04*, 64* 85
71
74* 71* 74*
89

V I*

’ 97' " *97*
39* 39*
7
7^
*,...... 140

97** *97**
40
41
7 * 7*

03* 03*

45
45*
69* 84*

87*
24*
94* 23
145*
149*145
4t
42* 44*
39
38* 39
38

88*

S8
25
147*
44
40

• t * .........

• Bid and

INACTIVE STOCKS
BUULBOAD&—i v ic e s
A t T op AS F e..{ Best) 100
At) A Charlotte* Balt) 100
Balt A O all pd. 44 100
Bos A Maine pf.(Bost)10C
Boston A Prov. M 100
Catawlssa........ <FhU) 00
1st pref........ , M
50
Central M ass...(Boat) 100
Pref..................
44 10 0
Central Ohio.. . (Bart) 50
Chic A W Mich. (Host) 100
CSVi 8 to f Indsl ( Phil) 100
City A Suburb. (Belt) 00
Conn A
) S00
Conn R ir ir ,* ,, ’ * 100
Flint A 1‘ ere M. •• 100
Pref. .............. ** 100
G’ rmant’ n Paaa(PhU) 00
H estoov M A T M
50
50
P r e f...............
50
Hunt A Broad T
50
K C I t B i M.. ( Bust) 100
P r e f . ............ H 100
Little 8 cbay)k.(P bll) 50
Maine C entral.(Boatit00
Matropo! 8tt...<Phil) 100
MinentH A 8 H. *♦
50
Haaqaebong V. M
50
Ufatt Eng land.. (Bost) 100
P r e f................. M 100
Worth Penn
. (Phil) 50
Wo A W Branch **
50
P s a n 4 » W .„ “
50
Phil A Brio.---- 44
50
r a n Germ A N . «
50
United N J ....... «
10 0
United Tr o f P. M
50
P r e f................. •' 50
W est End pref.) Bost) 50
West Jer A 8 3.< PbU) 50
West N Y A Pa. "
50
Wlsoon Central (Host) 100
P t« f . . . ............
44 100
W o r N M h * R. ”
100
MISCELLANEOUSAlloees Mining 1;Bost) 35
Am Ry m LAI ( Phil)
Anaconda Min.(Bust) 25
100
Anniston Land.
25
Arnold Mining.
Ash Bed Min g.
25
25
Atlantic Mln’g.
Baltic Mining.
35
*7* FAn/-'■<!
Balt Wareho
§e(Balt) 20
Bay State G aslJ Best) 50
BergAHng »r*w<PhLi) 100
Pref............. *' 100
Boston Elec LL(Bost) 100
Borton L an d ... m
to
Beylrtor. 8t Z/d **
15
Cambria Iron. .(P h il) 30
CamhTla 8teel
** t50
Gaston Co...... .(B alt) 100
Cent « q Min ing. ( Bust) 35
Do ram Co* 1 yf ■
100
•dlson Bl III...
100
f t Wayne Elect
25
Franklin Mln’g.
*’
French Bay lA ,
9
General Elect .
100
P ra t............. ,
100

T u esda y,
J a n . 24..

W ed n esd a y T h u rsd a y,
Ja n . 2 5 .
J a n . 2 6.

F rid a y ,
Jan. 2 7.

S T O C K S .

11 In d io atea u n liste d .

R a ilr o a d S to ck * .
Balt-City Pas.,new,2dln. pd. (Balt.) .
25
3 7 * Baltimore Consolidated........
... 25
“
37 Baltimore C onsolidated!---- (Phila.) . ... 25
253 Boston & A lbany.................(B oston )., ..100
89 Boston E l e v a t e d . ... ... ... ...
88
M
...100
8 0* 88*
'230 ....... •224 227 Boston A Lowell........................
..100
“
171*171* 171 171 Boston & M a i n e .. ... ... ... .. .
..100
“
138 1 3 9 * Chic. Burl. A Quincy.............
..100
138* 139
“
148* 144* 144* 145 Chic. June. A Ua. Stock Yds.
..100
*f
126 139 •t24 120
..100
Preferred .................................
“
129* 129* 129 129 Chic. Milwaukee A St, Paul. (P h lla .)., ..100
39* 29* 29
.. 50
44
29* 29* 39* 8 9 * 30 Choctaw Oklahoma A G u lf..
44*
44
44*
.. 50
P re fe r re d .............................
“
44
44
44* 44
60
60
80
60 Consol. Traction o f N. J .t . . .
..100
59
59
4‘
113* 113* 113* 117 *114 116 Fitchburg, p r e f . . . . . .......... ..(B o s to n ).. ..100
113* 114
•41
43 Ga. Southern A Florida........ (Balt.) .. ..100
•33 .......
95
95* ♦93
..100
1st p r e fe r r e d ................ .
“
95* 95* •95 95* •95
..100
69
69* 09* 69* 69* 70
3d p r e f e r r e d - ...,.............
“
69
89
25* 2 0 * Lehigh V a lle y ....................... (Phlla.) .. .. 50
26* 27* 2 6 * 3 0 * 26* 37
7* 7 * Mexican Central....................(B o sto n ).. ..100
7 * 7*
7 * 7*
7* 7*
•90
91
91
9 0 * Northern Central.................... (Balt.) .. .. 50
48
48* 49* 51* 50* 51 Northern Pacihc .............. . . ( P h i l o . ) . . ..100
4 8 * 49
SO* 8 0 *
79* 80
7 9 * 80*
Preferred.
..100
8 1 * 81*
19V* 199* 200 200 »1 8 199 Old Colony.......... ....................(B oston)., ..100
129
129*
•46
47 Oregon Short L ine....................
46
46
..100
46
48
**
67* 68* *08** *0Sli 07* 68 P e n n s y lv a n ia ...,,,........
8 7* 89*
(P hlla.)., .. 50
96* 96*; 96
96* 97
9 0 * Philadelphia T r a c t io n .......
44
.. 50
9 8 * 98*
.. 50
“
1 1 * 12* 11* IS 3-16 13 1-16 5-16 H * 1 2 * Reading Company.....................
31 11*10 2* 3 1 * 13-16 1st preferred......................
3 0 * 8 2 9 -1 8
•* .. 50
1 5 1 1 *1 0 1 7 *
16* 1 6 * 2d preferred............ . .
“
16* 16*
. . 50
16*° 16*
47
47
43* 47* 49
4 8 * 48
4 8 * ! Union Pacific.......................(B oston )., ..100
7 8 * SI
79
S3 1 8 1 * 8 3 * oO * SO*: P re fe rre d ..............................
44 ..100
S3
33*
33* 34 ! 33* 34
1 KM 35 •Onion T ra ctlou .*....................(PhU a.)., ,, 50
94* 94* 9 4 * Wert End Street,................... (B oston)., .. 50
94
94*
94* 94*! 94
♦ Ilo c e llu n e o u a S t o c k s .
809 314 American Bell T e lep h on e...(B oston ).. ..100
808
810
808 810 ! 309 810
..100
183* 133* 132* 134* American Sugar Redoing 1..
1 2 9 * 1 3 1 * 12V*132
“
..100
113
118*
1)2*113 j 113 113* ►114 115
P re fe r re d !.. . . . . . . . . . . . . . . .
“
298 8 0 3 * Boston & Montana........... .
“
X280 2*8
365* 396 . 800 801
.. 25
91
“
86
87
80
.. 25
*7
88
S 8 * 89 (Butte A B o s to n * ......................
**
730 755 Calumet A H e e l* .................*
750 703
.. 25
723 750
700
725
69* 0 9 * Consolidated Gas....... ........... (Balt,) .. ..100
69* 70
69* 70
89
71
33* 33*
33* 33* 3 3 * 3 3 * ; 33* 3 3 * Dominion C o a l.. ................. (B oston)., ..100
70
72*
0 4* 05*
04* 70
71* 7 5 * Electric Storage Battery t .. (P h lla )., ,.100
Preferred 7
77* so
.
.
**
..100
72* 73*
72* 73* 75* 79
9 0 * Erie T e l e p h o n e . B o s t o n ).. ..100
90* 91 I 90
90* 91
90
91
. . . . . . ttlmots Steel...........................
..100
.. 25
2 7 * Lamsou Store S ervice........
44
V « * 26* •27
27
97
‘ !J « * *27**
Lehigh CoaJ A N avigation... iPhUa.) ., .. 50
40* 41*
i p T S
4 0 * 40*1
9
h* tO ‘Marsden C-umpany 1..................
“
..100
J *
7*
7*
0*1
1 8 7 * 139
140 140 ♦ISH 140 ;Ne«r England T elephone.......(B oston). ..10 0
138
*37* 3 « * Did Dominion Copper T . . . . . .
“
37* 88
.. 25
3 8 * 38
3 8 * 87
24* 24*
2 4 * 35
94* 26 ; 26* 2 8 * Pa. Mfg. Light A Power4! . . . (P h ils,).. . . 50
•*
142
.. 50
144
148
44* 144* 145 1 144 145*ilTnlU>d Gas Improvement t ..
44* 44
44* 42* 43s* United StMm o i l ...................(B oston ). .. 25
43
43
42
3 9 * 39*
3 9 * 40
39* 39* 3V* 8 » * Wolsbach Light T................. (P h lla .)., . . 5
I * West End L a n d ...,,..............(B oston).,
25
• i * .........(
• 1 * .......
1*
*
1*
*•
45* 43*1 45* 43*1 4 5 * 45*1 Westingh. Electric A M fg ...
.. 50
45* 45*
63* 03* 4 1 8 P r e f e r r e d ..,.,..,.........
44
.. 50
8 3 * 03*;
03* 63 h 83
I 7-lfl|l2 1*16
b 98 15-16 3 1 * c 3 0 * 81 15-16
no •*!« W4M|made. 4 tdl lnatal paid.;

30* 30*
39* 39*
953 953
88 89
939* 339*
171 171
J36*139
143 143*

38* 36*
36* 36*
251 253
87* 89
931 231
171 171
137 139
142* 143

3d* 37* 37
30* 37
37
252 252 *251

ifSi

Y e a r ly

R e c o rd .

Sales
o f the R a n g e o f S a tes i n 1 8 9 8 .
W eek.
S h a re s
L ow est.
H igh est.

22,962
5.412
10P
2,870
101
129
15,939
2,175
9
900
4,710
5,047
1,098
984
*9
395
19,105
4,435
13
7,2 U
1,473
104
265
15,575
3,890
44,383
38,236
6.716
27.306
40,006
79.306
561

3 4 * Oct. 15
2 1 * Apr. 26
2 1 * Mar. 12
2 1 7 * Mar. 29
5 2 * Mar.
215 Apr. 2
160 Mar. 12
8 5 * Mar. 20
103 Mar. 14
105 Mar. 1 2
8 3 * Apr. 21
9 Feb. 35
2 7 * Jan. 4
37 Jail. 3
98 Mar. 28
2 7 * May 9
84 May 25
55 May 3
1 7 * N or. 15
4 * Apr. 0
7 0 * Jan. 14
19
Feb. 24
5 7 * Mar. 20
1 85 * Mar. 10
18 Jan. 4
5 5 * Mar. 12
77 Mar. 25
7 13-16 Mar25
1 8 * Mar. 20
9 * Nov. 2
1 6 * Mar. 25
47 MAr. 25
1 2 * Jan. 3
78 Mar. 25

1,401 238

73 Doc. 14
3 4 * Dec. 15
3 4 * Deo. 10
2 6 2 * Sept. 20
8 4 * Deo. 9
2 2 7 * Deo. 10
172 Deo. 19
1 2 5 * Deo. 30
140* Dec. 2 t>
125 Dec. 30
ISO * Deo. 30
2 9 * Dec. 30
45 Dec. 30
5 7 * Dec, 30
1 0 9 * Deo. 30
42 Aug. 20
96 Oct. 11
7 3 * Aug. 25
2 0 * Jan. 3
7 Dec. 14
8 0 * Dec. 0
4 4 * Dec. 30
7 9 * Sept. 2
199 Dec. 15
48 Deo. 27
C l * Dec. 30
95 Aug. 29
1 1 * Jon. 0
2 7 * Dec. 30
14 9-10 Feb. 5
4 4 * Dec. 2 *
7 4 * Deo. 28
3 8 * Dec. 18
90 Deo 12

Mar. 12 285

Aug. 15

41,559 1 0 7 * Mar. 20 147 Aug. 20
5-5 103 Mar. 25 1 1 0 * Jan. 6
5,580 1 4 9 * Jau. 4 288 Dec. 29

5,783 1 8 * Mar. 12
1,185 489 Jan. 3
5,035 5 2 * Jan. 10
3,020 14 Mar. 12
29,874 1 6 * Mar. 25
14,306 31 Mar. 8
1,501 5 9 * Mar. 25
4 4 * Mar. 12
"2*12 20 Mar. 12
2,765 35 Not . 10
52,044
5 May 27
58 120 Mar. 12
12,961 3 1 * Jan. 5
63,400
6 Apr. 14
31,093 9 7 * Fob. 24
25,764 1 0 * Feb. 4
3,44 l 30 Nov. 17
370
1 Jan. 13
8,687 SO* Apr. 13
705 50 Apr- 22
I Lowe
----- «t is ex rights.

94 Dec. 29
050 Not . 18
1 * Dec. 15
3 6 * Nov. 18
60 Deo. 27
67 Dec. 20
78 Dec. 29
7 4 * Sept. 0
24 Oct. 27
4 3 * Jan. 7
1 1 * Jan. 11
144 Aug. 17
40 Dec. 30
2 5 * Dec. 27
12^ Dec. 10
3 4 * Dec. 30
0 2 * July 5
1 * Dec. 29
41 Dec. 13
03 Dec. 27
t Tr. r e d s .

B id . A sk. I
Bid. I A sk,
BUI. A sk. _ST O C KS_ BONDS_
Bid. |A
BONDS
B O N D S
Ito«Eon - Concluded.
Jan. 27. ■ MI8 C BLL.—Concluded,
l l a l tl m o rr>—Concl u ’d.
Ogd A L Coon 6*.*20 AAO 105
10
West N C oon fls. 1914 J AJ 115
28
2 3 * lo t But H A 9 M 44
lum a* -o ............i
48
50
Marsden p refl t PbU) 100
W est YaCA P 1st6g.411J AJ 112 113
130
Rutland 1st 6 s ..*02 MAN KOfl
M ergeothaler.. 1 Bost) 160 187 188
WllColAAug 0a 1910 JAD 116
75 ‘ 75”
2d 5a............. 1898 F A A 1 too
Morris C anaL..(Phil) 10t>
Wll A Weld 5 a . 1935 JAJ 114
Wort End 8 t 5s - - '02 MAN
P r e f.................. H 100 150
805 390
4 * s ................ 1914 H ASl
Osceola Mlnlng( Bost) *5
H o n d a — P h i l a d e lp h ia
9
9*
Gold i s . . , . , . 1916 MAN 1
AU City 1st 5sg.. l » MAN 110
3
9
S 3*
Palmetto C o... (PUB) 25
4 s ...................1917 FAA I
I CaUwtssa M 7 a 1900 FAA 108
89*
Parrott SilACof (. Bost) 10
11
101 .
Pennsy 1 Salt..,(FT»II) 50 108
57
5S
R o n de—B a l t i m o r e .
Pennsyl Steel4!. M 1(10 88
30
r 106* 107*.
43
44
A ll A Ch 1st 7 a 1907 JAJ 119
50
105* 106*
47
Pref 7..............
“ 100
17
20
A tlG -U ghtlst5*l9l7JA D 100
i yfl
90*
a s * Pb Ll'del phi a Go ( Bost) 50
Pullm an* P al,, 44 100 157 1 157* Balt Belt U t5 * .! WOMAN 105* 106
......
llal tC Past st 5 a 1911 MAN 115 1 10 *
Quincy Mining. “
» 0 185 189
I .,...*
154
Balt Fund* 5*.1910 MAN 193* 124
110*
no
11* 18
R ««os Buttonh. '*
10
2 50 m o
Exchange 3 * «. 1930JAJ 112* t l 3 j
120
13*1 14
Santa Y sabeiG **
5
38
BeltAOhlo i s g -1985 AAO
110
Tamarack Min. *4
25 850 255
47
48
PltUACon 5 g. 1995FAA
United m S ec.. *•
30
141
4•
99
.8tat Isl 2d 5 g. 1926 JAJ
Water P ow er.. “
100
Receivers cert If 6*. JAD
Weis bach f»m 7(PbU )lOO
134*
10
74
109
Do Maryland Constr 5a
65
P ref t . . . . . . . . M 100
12
108* t o s i i
IX> Plttsb A Con 5sJA J
50
« a * W e-tm ’ rel C/ja! w
Do Main Line 5s......
u «*
W olverine M ltuB oet) 85
49
10
15
BA08 W 1at I * g. 1990J AJ 110
to o *
no*
Wollaston L 4 . “
5
1
35
45
..........
BoltAPUtOsm 1191 iAAO 184*
8»H
1st 6s tunnel 1911.JAJ
100
ib i
R e n d s - B oston .
143 ISO
72
73
A m Bed Tel 4s . 1908 JAJ . 10 a * 104 1 Bal Trac 1st 5al920M AN 117 H 7 * ,
9*6 a t?
Ext A Imp fls. 1901MA8 106
Itl
A TAB F gen g 4 ». 4V6 AAO IlOlSt 101*
106*
No BaltDlv S al942JA D 118
RR 4a ............1914 a
180
Adjustment <t 4 s.. 1993 j 91
H t*
55
56
185
Ufl
li A M 3d is 7a*08-O7 MAN
Conv'rtlble SslWOflMAN 180
Consol 7 s ...., 1911 JA
37
39
107
Boston Tsrtn‘13 * s . . 1947 . i t s
104*5
iii
CapeFAYsrAflg. 1910JAD 104
9H 100
9 5 * 90
1st 6* ser 8.. 101fl tr roc
7 1 * 73
100 ;♦♦*•• 8 0 * n am 1 st 5s . '39 JAJ S 9 3 * 94 f
1 13 *
07
flfl
8 d .. ................ ..
78
1st fls ser CL. 1916 tr roc
JAJ I 76
132
Cent Ohio 4 * s g .’ 30 MAS
Bur A Mo Rir e i ’ ptfts.JAJ |1119
116
Central Ry 0 a . .1912 JAJ
Non-exempt 6 s . 4t 8 JAJ I1107
Consol fls.. . ,
*ii<
120
Consol 5 s .... 1932 MAN 117
Plain 4 s - . . . , . . 1910 JAJ J ioo
137
117
Cb BurAN 1st 5s.'26 AAO J l0 7 * 108
Ext A Imp 3 a ’ 932MA8 115
2fl5
CharICAA ext5alv*0JA J 107
2d M 6 §.........1918 JAD J 1 0 0 * 102
80*
113
Cbeaap Gsx fls..1900 JAD 103
Cb Bur A Q 4s 1922 FA A IlOJ
tv *
114
CityASub 1st 5 al922JA D 116
Iowa IHt 4« 1919 AAO |100
1u
US
131
ColAG m t lst&-fl, 1917J AJ 117
Cb Icago J unc 5s-1910 J AJ | 1 H * 115
50
110
Consol Gas fls.. 1910 JAD 116
iiT ’
Consol D io .,
»»
35,
3M Cb A N o M gu 5s. -31 MAN I 62
190
5 a ............... ..1930 JAD n o
92
Cbl A W M gen 5s.’ 81 JAD I
a
8
a«W Ga A Alalstpf5ai945A A O 1 0 0 * 107*
Con- o f Yerm’t 5*.’ 13 JAJ ; 90
8
4
120
GaCarAN
I
»t5s
g.
1930J
AJ
1
0
1
*
Curr't Blv 1st 5 s/2 7 AAO ♦ 70
108*
180
135
7S*
103
D O R A W i n k '46 AAO
GoorglaP 1st5-fl# 1922JAJ 180
95
90 j . . . . . .
GaSoAFla 1st 5a 19 45JAJ 1 0 9 *
DomlnCoal 1side.* IJMAS 1 ,9a*
7
**
95
180
Lake R K1 tstgu5s’ 42MAS Ufl
3
4119
107
Jl87
90
Mac AN 1rt 4 * a 1990MA8
Perkiom lstser5s.’ 1 8 Q-J 1 60
|137
MetSU Wftsh)T#t 5s425 FA 182
1U4H
Phlla Elec gold trust ctfs 104
105** New Orl Gas 1st 5 s... Var 100
Jl Oi
* 1 2 * 13
PhAEr gen M 5g.’ 2Q AAO 119
N orthC ent4*s,l 925 AAO 110
i suit 100
3
1H
....
Gen M 4s u .1920 AAO 107
40
75
fls 1 9 0 0 . . . . . . . . . ...A A O 105
4 0 * K C CA 3 1st 5s g .’25 AAO I 70
.....
Ph A Read 2d 5s.'33 AAO 120
fls gold 1900 .......... JAJ 1 03 *
82
3 2 * K C Ft SAG 1st 7s.*08 JAD f m
.......
Consol M 7 s ..1911 JAD M S *
fls 1 9 0 4 , J AJ 110
33
K C F SAM con 6 jl428MAN 4100
a?
to o *
Con M fls g . ..1911 JAD 123
Series A 5s 1926... .JAJ 115
3H
a * K OM 4B 1st4s..’34 MA3 } 91
Ext Imp M is g /4 7 AAO 101
50 ! Series B 5* 1926......JAJ 115
40
Income 5 s . . , , . . . ........ I 48
Con M Of *88 48/37 JAJ 104
K CA M RyAB 5s.'29 AAO 102
Ohio AM I st78D 1U"5 MA N 105 105*
93 100
10-yr » f 5s g.1902 FAA
PlttsAOm
1st
7s
1898JAJ
K C 8t J o AC B 7».’ 07 JAJ [U 0 * •— ” 11
•» *. 170
im T
Terminal 5s g. 1941 Q-F
PIU On Trac 5s.I997 JA-T 110* 111
U ra *’ n St re 3 6«. 409 MAS
0
5M
P Wll A Balt 4s. 1917 AAO
L RockAF 3 lst7s.*Q5JAJ
PotoraVal 1st 5 a 1941 JAJ
Coilat trust 4s. 1921 JAJ l l T
Sec A vTn ( Pitta) 5s' 34J AD 114* 115
4 5 * «SM L BA3t I# 1st 6* g.’ 26 AAO ^105
Pitts CAS* L 7s. 1900 FAA 109
2d M 5-0 g.... 1936 AAO!
Saab A Roan 5 a 1920 JAJ 108 110
10*
88
Read Oo gen 4»» 1997 JA,J
4115 . . . . . . j Ylrg Mid lstfla.1006 MAS
8 1 * 83
ftocheater Ry oou 6s, 1980 105
Max Central 5 a 1917 AAO
26 series fls, .1011 MAS 118
S t * 3S
8chItB 8ldoi»t5sg‘JflJAD 113
3d series fls , 1010 MA-S Ufl
■is A...,* .,,.. 1911 JAJ 71
7Ht!
Ufl
Ufl
...»«»
Scran Trao 1i t 6s ’ 39 MAN 110
1 7 ii
4 th ser 3-4-5al931 MAS 104
1st oon Inc 3s a non-com
16
198 300
97
Union Term'l 1st fls. FA A
2d con Inc 3* non-cum..
5th series 9 a 1925 MAS 106
7 :!
l
6*
3 l
United N J 4s.. 1944 MAS 115*
90
New Bng Tele 6 s/9 9 AAO |li>8
Va (State) 3s oew.'HSUAJ
J t v 85
.. , , .
(JnTracPI tts genfls497J Al 1 to
0 * .........................1 9 0 A A O
80
’ 114* 115 j Fund d e b U -3 a l9 9 lJ A J
*
*
SAnd interest.
^ t i t V paid.
VaATenn 2d 5s. 1900 J A) 100
m
113* ?» Y * , V 8 0 * l . t 7 . , ' . T 5 i i J I U 9 *
a*. .................. tnftn t a t t o*
t mi mnrf
,* < •i -, : 11 4 * t l ^ j
t 5ft H « V

1

v

no

LHE CHRONICLE.

182

Im r je s tr a s ttl

Ro ad s.

a i l r o a d

% n U llx Q z m z .

RAILROAD

EARNINGS.

The

fo llo w in g ta b le s h o w s th e g r o ss e a r n in g s o f e v e r y
IT s a m r a i l r o a d r r o m w h i c h r e g u l a r w e e k l y o r m o n t h l y r e t u r n s
• an b e o b t a i n e d . T h e fir s t t w o c o l u m n s o f fi g u r e s g i v e t h e
g r o s s e a r n i n g s f o r t h e l a t e s t w e e k o r m o n t h , a n d t h e la s t t w o
t h e e a r n in g s f o r t h e p e r io d fr o m J a n u a r y 1 t o a n d
s u c h la te s t w e e k o r m o n t h .

columns
including

The returns o f the street railways are brought together sep
arately on a subsequent page.
Latest Gross E a rn in g s.
Ro a d b .
W eekor Ho\ 1898-9.

l

1897-8.

L a test O ross E a r n in g t.
W eek o rM o

▲HD
^ R

Ivol. L x v m .

Jan . 1 to Latest D a te .
1898-9.

1897-8.

$
»
$
184,636
A d ir o n d a c k ...... N ovem ber.)
13,690)
14.372
1
16
.12 1
A la . G t. S o u th .. 3 d w k Jan.
3 «,4 0 3
38,211
625 ,92 4
A la . M id lan d ..
N ovem ber.
57,8371
61,067!
A la .N . O .T e x . A Pao. J u n o .
J 52.0 00 1 ,447,855 1 ,3 2 3,74 0
5 7,0 °0,
N Orl. A N. E Ith w k D eo.
6 8 7 ,9 9 0
6 24 ,05 7
33.0 00
30.000
A la . A VlokBb 4th w kD ec.
697,161
5 60 ,62 5
32.000
3 5 .0 0 0
V icks. S h .A P . 4th w kD ec.
2
,6
6
9,44
7
2
,5
5 3,13 5
227 ,14 0
A lleg h en y V al. D ecem b er.
228,188
84,029
9 5 ,1 6 4
31,470
32,361
A n n A r b o r ......... 3d w k Jan.
1
12
,80
0
1
08.799
18,140
18,280
A rk . M id la n d ... N ovem ber.!
A to h .T . A S .F e.r D ecem ber. 3 ,8 8 6 ,7 7 3 3 ,6 0 9 ,1 0 9 3 9,875,^ 68 3 6 ,5 0 6 7 5 9
1.5
8
6.84
8
1
,5
1 5,57 0
A tla n ta A Char N ovem ber.
168,0701 148 ,48 9
325 ,06 1
2 9 0 ,6 2 2
27,1 42
28.4 76
A tl. K n ox . A N o. O eoeiuber.
531
,12
3
5 07,565
56,125
A tla n ta A W. P. N ovem ber.
54,0 64
191,136 1 7 4 ,91 4
A tL C fstL ine S.C D ecem ber.
17,832
21,2 42
10,200
A tlan. A D anv< . 2d wk Jan.
10,751
122,272
1 40,658
22.471
A u stin A N ’ w est O c to b e r ...
16,111
B alt. A O h io— D ecem b er. 2 ,472,934 2 ,4 0 4,41 0 2 8 ,3 59 ,1 5 6 2 6.1 6 3 ,1 7 7
357 ,89 2
358,565
115,341
B al. A 0 .8 o u ’ w. i d w k Jan.
1 12 ,08 4
33,2 16
35.603
6,099
B ath A H am ’ ndu N ovem ber.
6,403
25,582
25,059
B ir. A A tla n tic. D ecem b er.
2,428
2.510
56*\022
5 2 9 ,23 6
B m n sw ’ kAW est N ovem b er.
51,9 92
50,188
193,677
B u ff.R ooh .A P itt 3d w k Jan.
191,844
61,7 21
63,948
2 9 2 ,5 :0
B uff.8 t.M .A 8 . W N ovem b er
30,4 68
620 ,84 9
5 7 1,716
7 1 ,8 4 9
B uffalo A Susq. . N ovem ber.
59,27*1
158 ,62 9
136 ,48 6
81,7 72
B ur.C . R ap . A N. 2d w k Jan.
67,378
O anadianPaoiflo 3 d w k J an. 4 4 8 .0 0 396 ,00 0 1 ,306,000 1,2 0 1,00 0
59.978
54.5 26
5 .889
Car. M idland .. N ovem b er.
5,435
3 4 6 ,20 3
O en t.ofG eo' g ia 3 d w k Jan.
360 ,06 8
1 18 ,75 7 1 26.863
C entral o f W. J .. N o v e m b ’ r. 1,221,992 1,154,651 11,5 51 ,4 2 4 1 1,635,168
C entral P a cific.:O cto b e r.
1,601,743 1 ,5 2 3,39 1 1 3,246,846 1 1,632,058
C hariest’ n AS a v N ovem ber.
607 ,93 2
44,347
548 ,17 7
4 0 ,9 6 0
Chas’ n A W.Car. N ovem b ’ r.
8 2 ,1 5 0
79,6 21
C hattan’ ga B o .. 12d w k Jan.
2,008
1,020
2,428
1 ,1 9 2
Ches. A O h io— 3d w k J an. 2 17,149
6 12 ,10 8
619,238
227 ,58 4
C hic. B u r A Q .d N ovem b ’ r. 3.9 8 0.43 9 3,8 0 3,29 7 39,5 36 ,7 4 2 36,413,7« 9
2 90 ,99 2
Chlo. & E ast. 111. j3d w k Jan.
269 ,49 2
110.0 7
8 1 ,8 5 4
C hic. Gt. West'D|3d w k Jan.
293,618
103,721
24H.408
86.521
Ohio. In d . & L . 3d w k Jan.
57,3 42
162,515
153,3 =>5
53.3 38
C h lo.M U .A 8t.P - 3d w k Jan. 6 61 ,('1 0
554 ,10 2 2 ,0 2 > ,967 1 ,598,802
O hio.A N’ th w ’ n . D ecem ber. 3,2 7 2,91 4 2 ,675,108 37,1 51 ,0 1 5 3 3,*7 4,06 8
C h lc.P eo.A S t.L - D ecem ber.
79.4 72
8 56 ,96 5
836,159
80.6 90
C hlo.R ’ k I .A P .. N ovem b ’r. 1,882,356 1,852,589 1 9,150,411 17,224.969
C hio.8t.P.M .A O . N ovem b ’r . 1,089,242
992,571 8 ,6 4 3,28 4 7,9 2 5,44 5
C hlo.T er.T r.R R . 3d w k Jan .
66,3 42
22,:-04
66,855
22,600
Chlo. A W. M loh. 2d w k Jan
3 1 .4 *6
61,0 03
49,3 28
25.874
C h oo.O k.A G u lf 3d wk Jan .
29,377
23,379
d n .G .A P o r t s ’ th D ecem b er.
5,796
5,365
C ln .N .O . A T . P . D
___________
ecem b er
375,844
3 4 0 ,54 4 4 ,6 5 -,9 9 4 3,6 5 9,11 3
O ln.P orts.A V lr. ls t w k Jan .
4 ,206
4,206
3 ,(0 0
3 .6 0 0
C lev. A k . A Col. 3d wk Jan.
15,889
45,7 61
46,3 33
15,148
Olev.C an. A 8 o .. 2d w k J an.
11,860
2^,977
24.107
12,896
OLC ln.C h.A8t. L 2d w k J an
232 ,74 2
471 ,14 9
5 07 ,0 3 4
2 5 3 ,51 7
P eo. A E ast’ n D ecem ber.
182,392
166 ,12 2 1.9 1 0.02 6 1,7 6 0,0 M
C l.L or. AW heel. 3d wk J an
31,4 26
88,763
89,344
3 0 ,9 7 4
C ol. M id la n d .. . . Decem
__________
ber*
144 ,15 7
148 ,51 6 1 ,6 4 5,80 2 1 ,739,066
Col. H. V. A T o l . D ecem b er. 264 ,68 7
262,631 2 ,7 5 6.55 2 2 ,533,605
Col. Band’y A H 3d w k J an.
36,897
12,728
50,289
17.609
C olusa A L a k e .. D ecem b er.
1,000
16,759
23,055
1.600
C rystal................ N ov em b ’r.
1,169
13,195
12,405
1,233
Onmb’ l’ d V alley N ovem ber.
73.045
7 8 2 ,0 3 4
7 57 ,32 9
69.5 37
D en v. A R io G r '3d w k Jan . 162 ,70 0 1 37 ,00 0
4 9 1 ,1 0 0
435 ,40 0
D es M. N . & W . i D ecem ber.
39,591
5 2 0 ,1 6 4
4 3 0 ,38 2
37,2 31
D eL G .R ap . A W 2d w k Jan.
21,8 55
4rS,478
44,8 50
23,1 09
D et. A L im a N o. 3d w k Sept.
8,917
3 0 8 ,75 3
8,762
180 ,82 9
D et. A M ackinac N ovem ber.
36,351
484 ,50 3
33,^ 90
4 34 ,61 7
D uluth 8.8. A Atl 12d wk J an.
39,944
66,9 28
50.0 32
25,7 97
E lg in J ol.A E a st. D ecem b er.
152 ,95 5
1 27 ,88 4 1.5 6 2,89 5 1 ,200,573
E r i e ,.. ................ N ov em b ’ r. 2 ,948,480 2 ,9 5 6,02 0 3 0 ,0 67 ,5 5 7 30,3 43 ,7 7 7
E ureka Springs. N ovem ber.
5,0 73
52,7 42
5 ,5 5 2
58,8 84
■vana.A Ind'pllB 3d w k Jan .
6 .305
17.5 52
5.379
16.302
E v a n s v .& T . H 3 d w k J a n .
22,709
66,405
21.6 90
65,8 22
Find. F L W .A W . N ovem ber.
7 ,473
6,051
F ltoh b u rg........... |O c t o b e r ...
726 ,71 8
7 27 ,16 2 6 ,0 5 5.47 0 6,0 0 5,98 3
F lin t A P. M arq 3d w k J a n ­
62,495
165,421
57,411
158,961
n a . Cent. A Pen. 2d w k Jan.
45,847
94.2 68
39,9 97
8 6,6 84
F t.W ’thA D en.C. 4th w k D ec.
30.801
4 0 ,5 7 0 1 ,4 6 2 207 1 ,3 1 9,83 0
Ft. W. A R io G r 2 d w k Jan.
11,003
19,2 62
9,831
19,165
G ads. A A tt. U . D ecem b er.
936
7,679
840
8 ,6 8 6
G eorgia R R ....... 3d w k Jan.
29,520
8 8 ,0 5 0
35.9 14
9 8,3 25
G eorgia A A l a .. 3d w k Jan .
30.0 70
75.0 41
26.3 60
7 3 ,9 0 4
G a .C a r’ la A N o. N ovem ber.
95,396
83,7 06
7 95 ,78 6
8 06 ,32 2
G eo. So. A Fla D ecem b er
81,311
9 6 8 .7 8 2
80,1 45
8 74 .33 4
G r.R a p . A In d .. 3d w k Jan.
40,193
1 2 3 ,71 0
38,4 32
109,723
U1D.K.A Ft.W 3d wk Jan.
9,029
2 5 ,6 0 2
8,046
21,5 18
rra v erse City. 3d w k J in.
857
2,191
855
2 ,4 1 4
M u s.G . R. A I 3d w k Jan.
1,619
1,768
4,488
5 ,9 0 8
T o t all lines. 3d w k Jan.
51,698
49,101
155,^91
139,563
G r.T r’ n k S y s t’ m 3d w k Jan. 4 62,947
445,851 1,3 1 9,91 5 1,320,129
Ohio A G r .T r ls t w k Jan.
85,205
63,704
85,205
63,7 04
D et.G r.H .A M . ls t w k Jan.
16,274
16.274
15,675
15,6 75
G reat N orth ’ n —
8t. P. M. A M D ecem b er. 1,810,629 1 ,529,267
1
9
,4
03
,8
7
0
16,6
91
,0 7 2
E ast o f M inn. D ecem b er
244,391
153,479 2 ,6 5 5,12 0 1.H 70.627
M ontana Cent D ecem b er.
177,689
198,438 2 ,0 0 2,03 4 2 ,0 8 5 ,7 2 6
T ot. system D ecem ber 2 ,232,709 1 ,881,184 2 4 ,0 61 ,0 2 4
2 0 ,7 47 ,4 2 5
Q 'lfB ’ m ntA K .C D ecem b er.
13,8 97
14,6 36
1 80,446
1 32 ,71 4
G u lf A C h loa go N ovem ber.
9 ,595
7 ,8 4 5
53,407
4 5,0 49
H oos.T un.A W ll D ecem b er.
4 ,1 3 7
3,309
54.2
74
54.923
H ous.A T ex.C 6D O otob er.
5 5 6 ,2 4 5
341 .71 9 2 ,7 5 2,23 6 2 ,4 8 3,41 0
I llin o is C entral l D ecem ber. 12576,162 •2578241 >27645851
2
47
8 8 99 5
In d . D ec. A W est 8epterab’ r.
44,3 35
44,1 97
349.783
3 5 0 .3 6 0
I n d .n i. A Io w a . N ov em b ’ r.
63,2 47 ___62,525
768 .28 2
6 87 ,59 8
*
192.780,
102,913
7 76,092

1898-9.
$
7 3 ,7 1 2
6 8 ,1 0 0
4 0 ,6 7 4
4 ,5 6 6
3 3 ,6 6 3
12,6 56
7 3 ,6 1 4
3 0 .3 4 6
3 0,1 06
5 ,0 2 8
67,8 99
10,*>89
1 1 ,5 3 7
6 3,3 11
4 0 ,7 1 7

1897-8
*
7 3 ,8 7 6
5 1 .0 0 0
3 1 ,1 8 9
4 ,2 9 1
3 0 ,6 3 7
10,4 63
8 8 ,3 0 2
3 2 ,8 4 2
3 2 ,7 6 6
4 ,8 9 6
6 1 ,5 2 5
7 ,5 6 0
12.0 00
6 3 ,8 4 4
36,6 08

J a n . 1 to L a test D a te.
1898-9.

1 897-8.

$
Io .A G t.N o rth ’ n. 3(1 w k Jan .
2 0 7 ,6 7 5
2 3 2 ,9 9 8
U u te ro c. (M ex.i Wk J an 7.
6 8 ,1 0 0
5 1 .0 0 0
Io w a C e n t r a l... 3d w k J an .
1 13 ,90 7
9 0 ,0 0 4
Iron R a ilw a y ... D e ce m b e r.
5 0 ,2 6 0
3 9 ,5 4 6
J ack . T. A K W D e ce m b e r.
3 5 9 .0 1 7
3 0 4 ,4 9 2
K a n a w ’ a A M io n 3d w k Jan.
3 4 ,6 5 6
2 9 ,9 8 9
K.C.F. S co tt AM. 2d w k Jau .
1 4 5 ,7 6 7
1 6 5 ,2 2 3
K .O .M em .A B ir. 2 d w k J an .
5 6 ,3 9 9
6 1,5 52
R an . C. N. W .... Decern ber.
3 3 8 ,3 9 4
3 5 4 ,4 7 6
K an. C ity A Ora. 2d w k Jan .
1 0 ,7 0 7
10,2 57
K. 0 . P itts. A G . 3d w k Jan .
1 8 3 ,9 1 9
1 7 7 ,8 9 6
K an.O .S ub.B elt 3d w k Jan .
3 1 ,5 9 7
2 3 ,2 9 4
K e o k u k A W e s t.' 2 d w k Jan ,
2 2 .9 0 3
2 4 .0 0 0
L . E rie A W est.. 3d w k J an .
1 7 8 ,5 6 3
1 8 9 ,4 2 6
L ehigh A H u d .. D ecem b er.
3 9 0 ,6 3 1
3 8 7 ,5 7 8
L ehigh V a l. R R . N ovem ber.
1 8 ,2 0 3 ,4 3 6 1 8 ,0 0 7 ,8 2 7
Leh. V . C oal C o. N ovem b er.
1 5,1 57 ,5 5 1 1 6 ,1 9 6 ,1 0 1
L e x ’ g to n & E a st. N ovem b er.
26,6 88
1 5 ,6 1 4
2 3 2 ,8 1 5
1 8 8 .7 7 2
L o n g Isla n d R R . D e ce m b e r.
2 7 7 ,1 8 3
2 9 1,329 4 ,5 5 5 ,8 3 4 4 ,1 7 7 ,5 2 5
L o n g Is. System . D e ce m b e r.
2 8 4 ,0 1 6
3 0 0 ,7 9 4 4 ,9 1 7 ,9 3 2 4 ,5 4 1 ,7 1 3
L os A n g. T e r m .. D ecem b er.
6 ,5 3 9
7 ,3 8 4
9 0 ,8 3 1
9 3 ,2 4 8
L o u is.E v.A S t.L . 3d w k Jan .
2 6 ,9 7 2
2 6 ,8 6 5
7 6 ,0 1 7
7 8 ,5 7 8
L ou. H. A St. L .. ls tw k J an .
8 .4 3 1
7,711
8 ,431
7 ,7 1 1
L ou lsv.& N a sh v. 3 d w k J an . 4 4 8 .6 5 0
4 1 7 ,2 8 0 1 ,2 7 2 ,4 8 5 1 ,2 2 1 ,7 7 5
M acon A B lr m . D e ce m b e r.
6 ,3 6 6
6 ,6 2 7
6 0 ,9 2 4
6 7 ,1 0 6
M a n is tiq u e ___ D e ce m b e r.
2 .3 0 6
4 .7 9 0
9 5 ,0 5 9
1 1 0 ,50 9
[M e x ic a n Cent. 3 d w k J an . 3 0 1 ,7 5 0
2 5 3 ,5 8 6
8 4 ’ ,275
7 1 4 ,1 3 7
M e x ica n In te r’ l. N ovem b ’ r.
3 1 3 ,9 9 3
2 5 1 ,5 2 6 3 ,0 3 2 ,3 1 0 2 ,7 5 7 ,4 1 8
IM ex. N a tion a l 3d w k Jan .
1 2 6 ,9 1 1
1 06 ,27 1
3 - 4 ,2 3 9
3 2 2 ,3 9 0
M ex. N o rth e rn .. N ovem b er.
5 3 ,0 3 8
3 9 ,0 3 6
5 4 6 ,3 7 7
5 3 7 ,1 7 7
[M e x ic a n R ’ wav Wk J a n . 7.
8 3 ,1 0 0
6 9 .0 0 0
83 100
6 9 .0 0 0
M e x io a n S o ....... ls t w k Jan .
1 2 ,7 5 0
11.0 01
1 2 ,7 5 0
11.001
M in neap. A St. L. 3 d w k J an .
3 6 .8 4 0
36,661
1 07 ,^ 9 t
9 9 ,9 1 0
M. S t. P. A S. St. M. 3d w k Jan .
6 0 ,6 1 6
55 537
1 6 3 ,2 0 2
1 8 9 ,7 5 0
M o. K a n . A T e x . 3d wk Jan .
2 4 1 ,3 6 7
2 2 3 ,0 9 9
6 71 ,^ 2 0
6 9 6 ,5 4 3
M o.P ao.A Iron M 3d w k J a n . 4 7 6 .0 0 0 4 4 3 .0 0 0 1 .3 6 6 .0 0 0 1 .3 7 3 .0 0 0
C en tra l B r’ ch 3 d w k Jau .
2 3 ,0 0 0
1 9 .0 0 0
5 6 ,0 0 0
7 3 ,0 0 0
T o t a l........... . 3 d w k Jan .
4 9 5 .0 0 0 4 6 6 .0 0 0 1 .4 2 2 .0 0 0 1 .4 4 6 .0 0 0
M ob ile A B irin .. D e ce m b e r.
3 6 ,5 5 0
5 1 ,9 1 6
3 8 9 ,4 0 4
3 2 8 ,8 8 9
M o b ile A O h io .. D e c e m b e r. 4 3 8 0 0 0
4 1 ,027 4 ,4 3 3 ,2 1 1 4 ,0 1 2 ,7 0 4
M o n t.A M e x .G ’ f. D e c e m b e r
111 ,71 4
1 2 9 ,8 5 L 1 ,3 9 9 ,4 7 5 1 ,3 9 2 ,1 0 6
N ash.Chu& St.L. D e o e m b e r. 5 4 9 ,7 2 0
4 5 8 ,3 7 9 5 ,9 3 4 ,2 0 6 5 ,4 6 0 ,9 2 9
N eva d a C en tral. O c t o b e r ...
3 ,2 3 9
4 ,3 0 5
N . Y .O . A H . R .. D e c e m b e r 3 ,8 3 7 ,9 3 6 3 ,6 0 0 ,8 2 5 4 5 ,3 9 3 ,7 7 3 4 5 ,0 8 1 ,7 2 9
N. Y . O n t .A W .. 3d w k J an .
7 6 ,2 8 1
6 6 ,3 9 1
1 9 7 ,1 5 6
1 8 1 ,1 0 2
N. Y. Susq. A W . N ovem ber. 2 3 1 ,3 7 9
2 2 0 ,6 7 0 2 ,1 0 6 ,6 1 2 ,0 3 7 ,5 2 6
N o rfo lk A W est. 2 d w k J an
2 6 2 ,7 6 2
2 1 9 .7 6 L
4 6 8 ,3 7 7
4 4 1 ,1 9 3
N orth’ n A la . Ry. 2d w k J an .
3 ,8 1 2
4 ,6 3 4
8 ,8 2 8
7 ,6 2 4
N orth es’ n (G a .). O c to b e r ...
7 ,8 5 5
9 ,2 2 7
5 5 ,8 6 7
5 2 ,0 8 6
N orth’n C en tra l N o v e m b ’ r
6 4 3 ,5 3 7
6 1 5 ,1 8 7 6 ,0 5 0 .4 0 7 6 ,1 4 6 ,2 6 3
N orth’n P a cific. 2 d w k J an . 3 5 6 ,4 7 3
3 4 3 ,8 4 8
7 1 1 ,3 9 3
6 7 9 ,7 9 3
O h io R iv e r ___
3 d w k J an.
1 8 ,4 4 5
1 8,7 89
5 1 ,2 3 2
5 3 ,0 3 0
O hio S outhern
D ecem b er.
8 4,4 26
8 2 ,9 1 3
7 1 9 ,0 4 4
7 2 9 ,1 7 2
O r e g .R R .A N a v . 2 d w k J an .
1 05 ,32 2
1 1 0 ,9 7 5
2 1 8 ,2 8 3
2 2 5 ,1 2 5
O reg. Sh. L in e .. O c t o b e r ...
8 0 4 ,5 7 0
5 8 8 ,8 5 8 5 ,6 6 4 ,2 1 7 4 ,8 9 0 ,2 0 9
Pao. C oast C o .. O c t o b e r ...
4 83 ,92 3
3 4 9 .0 0 2 4 ,4 9 6 .1 7 3 3 ,2 5 1 ,5 9 8
P a cific M a il.... N o v e m b ’ r .
3 3 4 ,7 9 7
3 3 8 ,0 7 9 4 ,0 9 6 ,0 3 1 3 ,8 5 2 ,4 0 5
P enn sylvania^ .. N o v e m b ’ r . 5 ,8 2 6 ,0 2 4 5 ,8 1 9 ,9 2 4 5 9 ,8 6 6 ,6 0 8 5 8 ,6 0 5 ,2 0 8
P eoria D eo.A E v. 3 d w k J an.
17,3 85
1 5 ,0 3 0
4 9 ,0 5 2 '
5 0 ,7 4 8
P e t e r s b u r g ........ S epterab’r.
4 6 ,7 7 8
4 0 ,5 1 0
4 8 9 ,0 1 5
4 3 2 ,2 3 5
PhUa. A E r i e ... N ovem b er.
4 9 2 .7 0 3
4 9 6 ,1 6 4 4 ,1 9 8 .0 9 6 4 ,2 5 5 .0 5 6
Phila. A R e a d .. D e o e m b e r. 2 ,0 0 6 ,7 9 4 1 .9 4 7 ,5 8 5 2 2 ,0 9 5 ,1 5 6 '2 1 ,2 3 4 ,8 6 5
C oal A I r . C o. D e c e m b e r. 2 ,5 5 3 ,9 4 7 2 ,0 2 4 ,9 8 8 2 1 ,8 4 8 ,0 4 7 2 2 ,4 4 8 ,5 3 4
T o t. b o th C o’ s. D eoem b er. 4 ,5 6 0 ,7 4 1 3 ,9 7 2 ,5 7 3 4 3 ,9 43.203 4 3 ,7 3 3 ,3 9 9
P h il. R . A N. E . D e o e m b e r.
6 2 ,5 1 0
5 7 .9 5 2
6 4 3 ,4 0 8
6 6 4 .8 3 7
PhU. W ilm . A B. N o v e m b ’r.
8 3 6 ,4 5 9
7 5 3 ,8 5 9 9 ,0 9 0 ,5 1 8 8 ,3 4 8 ,8 1 8
Pitts. 0 .0 . A S t. L. D e ce m b e r. 1 ,4 9 2,33 0 1 ,5 8 8 ,9 4 7 1 6 ,2 4 6 .5 1 6 1 5 ,1 6 9 ,6 5 6
P itts .L isb .A Wn D e ce m b e r
4 ,8 2 1
3 ,8 1 9
4 6 .3 8 3
4 7 ,4 7 1
P itts .B e s.A L .E . 3d w k J an .
2 7 ,4 5 9
1 6 ,6 0 9
5 5 ,8 6 3
3 7 ,9 8 1
P itts. A W es’ n .. 2d w k J an .
2 6 ,9 1 7
2 3 ,1 6 6
5 3,461
4 6 ,3 3 1
P itts .C l.A T o l. 2d wk Jan .
1 5 .2 6 0
1 5 ,7 6 7
2 9,8 17
3 0 ,5 2 1
P itts. Pa. A F . 2d w k Jan.
4 ,5 3 7
3 ,7 5 8,
8 ,6 4 1
7 ,5 1 7
T o ta l sy ste m 2d w k J an .
4 7 ,2 2 2
42,1841
9 1,9 19
8 4 ,3 6 9
Pitrtsb.Yo. A A . D e c e m b e r.
7 9 .5 1 4
1 0 3 .1 0 0 1 ,4 4 9 ,9 1 9 1 ,4 5 2 ,7 0 7
R io n .F r'a s b A P . N ovem b er.
8 1 ,2 5 1
5 5 .2 6 0
7 9 0 ,8 7 5
6 4 3 ,4 9 8
R ich . A P etersb. S e p te m b ’r.
2 6 ,8 2 7
2 8 .2 3 9
2 9 3 ,4 7 3
2 5 6 ,7 5 1
R io G ra n d e Jet. N ovem b er.
3 3 ,4 8 2
3 7 .4 5 9
3 5 4 ,2 7 1
3 3 9 ,6 3 3
R io G ra n d e S o’ n 3d w k Ian.
8 ,3 7 5
8 ,8 7 9
2 4 .8 7 5
2 6 ,0 8 8
R io G r ’ de W est. 3 d w k J an .
5 4 ,7 0 0
5 4 ,0 0 0
1 4 7 .6 0 0
1 4 4 .5 0 0
St. J o s . A G r .I .. . 3 d w k Jan .
2 ,074
2 5 ,9 5 0
7 5 ,7 0 0
7 1 ,2 4 1
St. L .C hi. A St. P. D e ce m b e r.
3 0 ,3 4 0
3 2 ,9 5 8
3 4 1 ,1 7 8
3 0 8 ,8 5 3
3 t.L .K e n ’ et& So D e c e m b e r.
9 ,0 0 0
5 ,9 8 1
7 7 ,1 6 6
66,1 28
8 t.L .A 8 a n F ra n . 3d w k J an .
1 1 9 ,0 9 2
1 2 9 ,4 7 7
3 7 9 ,3 0 1
3 3 1 ,7 8 4
8 t.L . S ou th w est. 3 d w k Jan .
1 1 0 .0 0 0
1 0 7 ,8 0 0
3 1 9 ,7 0 0
3 1 1 .5 0 0
8 t.P a u l A D u l.. D e o e m b e r.
1 3 8 ,0 8 6
1 1 9 ,3 5 4 1 ,6 8 8,29 8 ! 1 ,6 1 3 ,2 1 7
8 an. A n t. A A . P N o v e m b ’ r.
2 0 5 ,4 1 4 1 ,9 4 3 ,6 4 5 ; 1 ,8 6 1 .4 3 0
2 1 5 ,3 4 9
San F ra n .& N .P D e c e m b e r.
5 9 ,3 2 4
6 7 .0 0 0
8 7 6 ,8 2 5
8 0 5 .6 6 0
S. F e P r e s . A P h . 4 th w k D e c.
2 7 ,1 1 2
1 6 ,9 8 1
8 31 ,46 9 ,
7 0 5 ,7 3 8
S a v .F la .A W e s t. N ovem b er.
2 9 7 .6 9 4 3 ,7 8 9 ,1 3 8 ! 3 ,1 1 2 ,4 6 4
3 0 1 ,4 3 8
Sher.Shrev.A B o. i tth w k D e o .
2 0,9 23 !
13,2 35
3 8 5 ,9 2 6
3 2 8 ,5 5 1
8il. 8 p rs. O. A G. N ovem b er.
13,6 68
2 1 .4 3 1
2 5 3 ,6 9 5
1 7 5 .4 8 8
8 io u x C. A N o r. O c t o b e r ...
43,5 62
4 0 ,7 2 6
2 2 8 ,6 2 7
2 2 2 .9 8 5
8 o H a v e n A E. D e ce m b e r.
2 ,3 9 0
1 ,658
8 o . P a cific Co.
G a l.H a r.A 8. A O c t o b e r ...
2 8 6 ,1 3 4 4 ,4 4 5 ,7 4 0 3 ,6 0 1 611
4 8 9 ,9 3 7
L ou is’ a. W est. O c t o b e r ...
7 6 ,1 3 2
2 1 ,5 2 8 1 ,0 1 0 ,8 7 5
7 2 8 ,4 9 5
M orga n ’ sL A T . O c t o b e r ...
4 7 8 ,2 4 4
2 2 3 .1 0 0 5 ,1 0 3 ,4 5 6 3 ,9 4 0 ,7 0 9
N .Y . T .A M e x . O c t o b e r ...
3 4 .6 5 8
3 3 ,1 3 3
2 7 6 ,4 4
2 8 1 ,3 0 1
T e x . A N. Orl. O o t o b e r ...
1 2 3 .5 1 4
7 9 .3 4 3 1 ,3 9 1 ,2 0 7 1 ,1 9 2 8 0 4
A tl. P r o p ’ tes.6 O c t o b e r ... 1,2 6 1,65 6
6 8 5 ,6 6 8
So. P a o. o f Cal. O c t o b e r ... 1 ,3 8 8,17 4
9 1 6 .76 9
S o .P a o .o fA riz O o t o b e r ...
2 6 8 .84 0
1 9 6 ,0 3 0 2 ,5 6 0 ,7 5 0 2 ,0 7 1 ,6 2 7
S o.P a o.ofN .M . O o t o b e r ...
1 3 0 .6 1 7
9 8 .6 2 3 1 ,2 9 4 ,6 5 9 1 ,0 9 6 ,9 3 9
P a cific system O c t o b e r ... 3 ,6 7 8 ,9 2 6 3 .3 5 5 ,5 7 5
T o ta l o f a ll./ N ovem b ’ r. 5 ,4 0 0,85 2 4 .8 9 6 ,8 8 1 5 2 ,8 0 8 ,8 9 6 4 6 ,0 3 7 ,3 9 7
S ou th ern R y .a . 3 d w k Jan .
4 7 5 ,3 7 7
4 3 9 ,0 6 5 1,3 5 4,54 1 1 ,2 5 5 ,4 9 0
S to n y Cl. A C .M t. N ovem b er.
1,092
1,448
3 6 .6 7 2
3 3 ,8 9 6
T e x a s C e n tra l. 2 d w k J a n .
9 .0 6 8
8 ,5 7 0
16,2 51
1 6 ,5 2 2
T e x a s A P a cific 3 d w k J an .
1 5 0 ,67 6
1 45 ,11 8
4 4 4 ,7 3 4
4 7 1 .6 6 4
T e x . 8. V .A N .W . D e o e m b e r.
6,779
4 ,1 3 5
6 1 ,5 0 3
4 0 ,2 3 5
T o i.A O liio O e n t 3 d w h J an .
3 0 ,7 0 2
3 3 .7 8 9
9 7 ,2 7 2
9 2 ,1 9 3
T o l .P . A W e st.. 2 d w k J a n
19,884
1 7 ,0 4 6
3 6 ,1 0 3
3 9 ,3 2 4
T o l .S t - L .A K .C 3 d w k J an .
3 1 ,7 2 0
3 1 ,3 6 3
1 0 7 ,1 2 5
1 00 ,71 3
U n io n P ao. R R .. N o v e m b ’r. 1 .960,038 1 ,837,194 1 6 ,4 9 2 .9 3 6 1 5 .1 6 9 ,8 1 2
J n .P .D e n .A G .. 4 tb w k D e c.
74,9 92
8 9 ,1 6 9 3 ,7 7 1 ,4 5 6 3 ,5 5 4 ,5 7 2
W abash............... 3d wk Jan .
2 5 7 ,2 8 3
2 0 7 "9 3
6 4 1 ,6 2 3
7 4 9 .1 7 8
W. J e rs e y A S ea ’e N o v e m b ’r .
1 61 ,36 3
1 4 7 .4 6 3 2 ,5 1 0 ,8 8 3 2 ,3 8 7 ,3 6 6
W .V .C en.A P itte O o t o b e r ...
9 0 ,4 9 2
9 4 ,2 0 4
9 6 4 ,3 1 1
9 4 3 ,6 2 9
W eetV a .A P itts. O c t o b e r ...
3 6 .8 3 0
36 285
3 2 4 ,1 4 5
3 2 9 ,8 5 7
W estern o f A la . N ovem b er.
6 5 .6 3 6
5 0 ,2 3 1
5 8 9 ,2 8 2
5 3 9 ,3 7 1
W est. N .Y . A Pa. 3 d w k Jan .
6 0 ,6 0 0
5 8 ,.0 0
1 72 ,80 0
1 6 6 .3 0 0
W heel. A L. Erie 3 d w k Jan .
26,2 35
28,7 49
7 5 .5 1 5
8 4 ,4 6 5
W iscon sin Cent. 3d w k Jan .
9 7 ,4 6 2
9 3 ,0 4 0
2 5 3 ,9 0 0
2 5 3 ,4 3 4
W n gh tsv.A T en . D e c e m b e r.
8,577
7 ,6 9 3
t »rk S o u th e rn . N o v e m b e r.
6 ,2 3 0
6 .0 3 0
6 7 ,5 2 2
6 4 ,3 9 6
a T hese figu res in clu d e re su lts o n le a se d lin e s, b I n c lu d e s e a rn in g s

THE CHRONICLE.

Janl*xry 58, 1899.]

fr o m fe rrie s , e t c ., n o t g iv e n s e p a ra te ly .
c I n clu d e s D e s M oin es A
K a n sa s C ity fo r all p e rio d s.
d I n clu d e s o p e ra tio n s o f th e Ohio. B u r­
lin g to n A N orthern In b o th yea rs.
e In clu d e s re s u lts o n A . T. & S.
F e , G u lf Col. A 8. F e, S. F e F aoiflo (o ld A tla n tic A P a cific! a n d So.
C al. R y .
/ In clu d e s th e P a cific a ygtem , th e A tla n tic p ro p e rtie s a n d
th e H o u ston * T ex a s C en tra l system , y B egin n in g J u ly , ea rn in g s o f
M em ph < sD ivision an d M id d le sb o ro u g h A A lfien b ra n ch es a r e in e lu d e d
f o r b o th y e a rs . A Result* o u C in. L e b a n o n N orth ern a re in c lu d e d
fo r m S e p tem b er I in b o th y ea rs, i T rafiio s u sp en d ed on a c c o u n t o f
Y e llo w F ev er.
' R e su lts on K ansas C ity A In d e p e n d e n c e A ir L in e a re n o t in c lu d e d
f o r e ith er y e a r.
t In clu d e s C hesapeake A O h io S o’ w estern fo r b oth y e a rs , b u t O h io,
V a lle y and C h ica go and fo r T e x a s l8 9 S on ly . R esu lts o n Y a x o o B ra n ch
e x c lu d e d a fte r J u ly 1 ,1 8 9 8 .
I M e x ic a n cu rre n c y
t C o v e rs resu lts o f U rea d ir e c t ly o p e r a te d e a «t o f P itts b u rg

183

-Vet Earnings (loatnty to Latest Dates.—The cable toUow
n g shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all

roads from which monthly returns can be obtained, is given
onoe a month in these columns, and the latest statement o f
‘ his kind will be found in the Chronicle of January 31,
1899. The next will appear in the issue of February 18,1899’ ,

----- G ross E a rn in g s.----- .,-------E el E a rn in g s.----- .
1 89 8 .
1897
1898.
1897.
A lleg h en y V a l l e y . b .D e o .
2 2 7 .n o
2 2 8 ,1 8 8
9 0 ,9 9 3
9 2 .7 3 5
J an . 1 to D eo. 31. . . . 2 .6 6 9 ,4 1 7 2 ,5 5 3 .1 3 5 1 ,1 1 0 ,4 4 9 1 ,0 7 4 ,8 6 9
A tch. T o p . A S .F e .b Deo. 3 ,8 3 6 7 7 3 3 ,6 0 9 .1 0 9 (1 ,4 2 1 ,1 5 0 t l . l 1 4 ,3 7 9
J an . 1 to D eo. 3 1 -------3 9 ,8 7 5 ,9 6 8 3 6 ,5 0 6 ,7 5 9 1 0 ,8 6 9 ,6 5 4 9 ,3 5 8 ,1 6 7
J u ly l t o D eo. 31. ...2 1 ,0 8 7 ,6 3 2 2 0 ,4 2 6 ,7 6 0 (6 ,3 8 9 .2 8 1 (6 ,2 2 7 ,3 8 3
8 a a . R o o n .A P i t t s . b D e c .
2 8 8 ,8 5 3
2 8 6 ,8 1 2
8 4 ,8 6 6
9 7 ,0 5 1
J an . 1 to D ee. 3 1 ___ 3 ,3 1 1 .7 2 9 3 ,4 5 2 ,0 9 9 1 ,3 5 !,4 8 2 1 ,1 7 7 7 3 5
in
f
summed
as
:
J
u
ly
I
t
o
Deo.
3
1
.
.
.
.
2
,0
0
5
.4
3
0
1
.8
9
9
,8
5
5
7
0
5
,9
8
0
6
9 3 ,1 9 1
For the third week
our preliminary
C ent, o f G e o r g ia .a . D eo.
5 5 7 .5 9 7
5 7 9 .1 5 4
1 89 9 6 4
2 4 5 ,‘ 3 9
covers
roads,
in
J a u . 1 t o D eo 31 . . . 5 .6 1 7 ,7 5 4 5 ,1 2 3 .5 4 3 1 ,8 2 3 ,SOJ 1 ,9 0 0 .7 7 0
aggregate over the
week last year.
J u ly I to D o c 31 . . . 3 ,1 5 3 ,7 0 3 3 ,0 1 3 ,0 1 5 1 .1 7 3 ,1 0 6 1 ,1 9 9 ,1 2 9
C h ica go A B ast 111. b . D eo.
4 4 4 .4 1 9
4 4 5 ,3 6 3
2 2 1 ,5 7 3
2 1 3 ,4 9 1
3 d week, o f J a n u a ry .
fa n 1 to Deo. 3 1 . . . . 4 .3 6 8 U O 4 ,1 4 2 .2 0 3 1 ,9 1 4 ,0 1 3 1 ,7 9 5 ,6 1 0
1898.
In crea se. D ecrea se
1 899.
J u ly l to Dec. 3 1 ___ 2 .3 3 3 .9 8 5 2 ,2 2 2 .3 1 1 1 ,1 1 0 ,2 0 3 1 ,0 1 2,62 5
*
$
$
#
Ohio VI. A S t P .« D e o . 3 5 0 1 .2 7 7 2 ,8 1 7 ,0 3 1 1 .5 9 1 ,3 0 6 1 ,2 5 1 .5 1 5
A la b a m x G t- S o u t h e r n ...
3 6 ,4 0 3
3 8 .2 1 1
1 .8 0 8 !
J a n . 1 to Deo. 31 ...3 6 .0 3 1.727 3 2 ,1 7 8 .’ 62 1 3 .9 6 2 ,2 5 0 1 2 ,6 5 7 ,4 3 5
A d d A r b o r .............. . . . . . a .
3 1 ,4 7 0
3 2,361
sn
J uly 1 to D e c 31 ..-2 0 ,3 6 0 ,3 4 3 1 8 ,1 3 0 .2 3 0 8 .501 2 11 7 ,5 3 3 .0 8 7
B alt. A O n ioS ou th w es
115 ,34 1
3 ,2 '7
112,081
C
la
v
e. C an ton A So . D e c.
6 1 ,9 6 3
1 7 ,1 2 4
6 8 ,1 1 6
10,719
B uO aie R o o d . A F ltB lb'g
64,721
63,948
773
J a n . 1 to D eo. 3 1 . . .
713 ,12 1
6 6 7 .3 1 5
1 2 9 ,5 2 1
9 9 ,9 2 0
CAaa.llan P t u d i l o . . . .
4 4 8 .0 0 0
5 2.0 0
3 93 ,00 3
J
u
ly
1
to
D
eo.
3
1
.
—.
3
7
6
,9
0
7
3
5
6
,0
1
4
5
5
,8
0
9
8
7 ,7 3 4
C en tra l o f G e o r g ia ...........
1 26 .35 *
0 .1 0 6 ;
118,757
217,14V*
2 2 7 .58 4
D e tro it C it y G a s------D e o
4 1 ,2 7 8
1 0 ,4 3 5
Caesafwhake A O h io . . .
57,6 51
Mar. 1 to D e c 3L ....
........
C hicago A E -s t , 'l l l n o n
i 10.0 97
23.243
2 5 9 ,9 8 8
1 9 6 ,1 6 8
81.854
C hic. G reat W estern.......
103.721
86,5-21
17,200
E dison El. IL C o,. N. Y. D oo.
3 2 6 .4 5 0
2 8 5 ,7 1 1
1 6 4 .5 7 5
1 5 0 ,4 1 1
C h'.e.Indian’ ;: - A L o u is e
57,3 42
4,0 J4
5 3 ,3 3 8
J an . 1 to D e c . 3 1 ___ 3 ,0 3 8 ,0 5 2 2 ,4 9 1 ,3 7 2 1 ,2 9 8 ,6 3 4 1 ,1 3 4 ,2 3 4
Obteafiro >fOw. A 8 t. Paul
554,10*2
1 0 6 ,90 3
6 6 1 ,0 1 b
F in d la y F t W . v W .b N ov.
6 ,0 5 1
7 .4 7 3
378
d e f.2 0 9
C hic, T e rm . T r a n s f e r ....
2 2. 01
2 2 ,6 0 0
296
J u ly 1 to N o r . 3 0 . —
6 3 ,3 2 2
5 1 ,6 ^ 2
1 3 ,9 3 7 d e f 4 .5 0 0
*5*994
C hoc. OkLa. A G o l f .........
29,3 77
2 3.3 7-'
1 5 4 ,4 4 0
1 5 9 .1 9 6
4 3 ,5 4 7
J e u rg ia -a
...„ .D e o .
4 1 ,1 5 3
l *>.889
74
15,143
J a n . L to D e c, 31 . . . 1 ,5 9 2 .2 1 1 1 ,6 1 0 .0 3 2
4 0 1 ,0 9 6
4 1 5 ,1 6 0
CSev. L ora in A W neePg
31.42*
452
30,9 74
J u ly l to Deo- 3 1 . . . .
8.59,935
*2 5 7 ,6 5 2
8 8 2 ,8 70 * 2 8 5 ,7 1 9
Dot. S an dusk y A H ook ’ g
1 7.8 0 (
12,728
4,831
162 7 0
137,0 -0
D e n v e r * R io G ran d e
25.700
Ga. S outh. A Fln a ..D e o .
8 0 ,1 4 5
2 7,7 01
8 1 . 3 'l
2 3 .8 8 6
127*0BV. A IndianapO li*
926
e .i o 'i
5 ,3 7 9
J a n . i to D ec. 31 . . .
2 7 6 ,7 3 8
9 6 3 ,7 8 2
8 7 4 ,3 3 5
2 8 4 ,4 5 1
Eran.iiv. A T e rr e fia a t e
2-2,709
2 1 .6 9 0
1 ,019
1 6 0 ,2 42
J u ly l t o D o 3 1 . . .
4 8 4 ,5 6 2
4 6 7 ,4 0 3
1 4 9 ,0 9 9
62.4 95
F lin t A Per© M arquette
57,411
5 .0 8 1
J a c k . T a m . A K , v b D ec.
3 0 ,6 3 7
7 .2 4 9
3 3 ,6 6 3
5 ,9 5 1
2 9,520
35.914
6 ,3 9 4
J a n . 1 t o D oo. 3 4 ___
3 5 9 ,0 1 7
3 1 ,4 2 7
3 0 1 ,4 9 2
5 7 ,5 8 5
3 ,7 1 0
2 6 ,3 8 0
3 0 .0 7 0
A
pr.
1
to
Deo.
31
.
.
.
17,6
37
2
46,960
3
9
,1
7
7
2
6
3
.0
7
J
Grand R apids A Indiana
10,193
1,76
3*4.432
M adison G as A E lec. D ec,
O n R ich. A Ft. W ayn*
5 .9 5 8
6 .5 8 8
9 .0 >9
9 83
8.046
J a n . 1 t « D eo. 3 1 ___
857
5 3 ,4 2 7
T ra v e rse C ity .............. . .
85 5
2
4 7 ,7 4 9
3 8 .9 6 0
A p r. 1 to D e o . 31 . . .
M aek. G r. Rap. A I n d ..
........
3 4,4 53
1 .819
1,768
149
G ran d T ru n k . . . . . ___
M id lan d T e r m in a l...N o v .
3 3 ,8 7 2
14,1 41
3 9 ,5 2 9
1 8 .6 1 2
402 ,94 7
C olo. A G ran d T r u n k /
4 45,851
17.0 90
J u ly l t o N o r . 3 0 .......
1 8 0 .1 9 6
8 8 .7 2 9
7 7 ,2 0 8
185 ,44 7
D et. Gd. 0 . 4 11......... i
103 ,29 1
5 3 ,8 7 4
1 2 3 ,7 6 3
2 7 ,0 7 9
In te rn a tion a l A G t. N o ..
73,712
7 3 ,9 7 6
164 M o n te r e y * M e x .G 'f.N o v .
N. Y . A P e n n s y lv a n ia —
3 1 .1 8 9
I o w a C e n t r a l....................
40.874
9.491
3 ,2 1 3
O ct. 1 to Doo. 3 1 . . —
1 0 ,3 6 2
16,541
10,5 53
K a n a w h a A M ic h ig a n ...
10,4 83
1 2,6 V*2 ,1 9 3
K a n , 0 !W P lttsb . A G u lf
67,9 99
61.-525
62(74
8 4 3 .0 9 0
8 7 2 ,2 2 9
Phlta. A R e a d in g .b .D e o 2 .0 0 0 .7 9 4 1 ,9 4 7 ,5 9 5
K.%a- O lty B ab S uit . . .
10.089
7 .5 6 0
3 , law
Jan . 1 to Dt*c 3 1 ___ •2,< 9 5 ,1 5 3 2 1 ,2 3 4 ,9 6 5 9 ,3 0 3 ,3 0 6 9 ,3 0 5 .5 7 2
L a k e Erie a
6 3 .8 1 4
63,311
533
J u ly l to D eo. 3 1 —, I t , 9 9 4 .4 9 8 1 1 ,3 86 ,1 8 4 6 ,2 6 5 ,1 8 0 5 ,5 5 9 ,7 0 1
L o u is v ille E va n *.A 8 t. L
107
26.9 72
■20,965
8 0 ,4 8 7
O
o
a iA Iro n C o .b Deo 2 ,5 5 3 .9 4 7 2 ,0 2 4 .9 3 8
1 1 3 .5 2 9
4 4 8 .8 5 0
L o u is v llle A N a sh v ille .
4 1 7 ,1 8 0
31.371
1 8 2 ,4 5 3
J a n . 1 to D eo. 3 1 . . . 2 1 .8 4 3 .0 4 7 2 2 ,4 4 9 ,5 3 4
4 8 1 ,8 5 4
M ex ica n C en tra l. . . . . . .
3 0 1 .7 5 0
48,104
2 5 3 ,5 8 6
—
8
18.121
J
u
ly
l
to
D
eo.
3
t
.
.
.
8 0 3 .7 3 7
1 2 ,3 2 1 .3 7 6 4 3 .3 6 3 .8 9 2
1 2 6 .9 11
2 0 .6 4 0
1 0 0 ,2 7 1
T o ta l b oth 0 o > . b . D o c . 4 .5 6 0 ,7 4 1 3 ,9 7 2 ,5 7 3
9 5 2 ,7 1 6
M lnneapoU * A St. Lonta
36.H40
9 6 1 .6 1 9
3 6 .6 6 1
170
J a n . 1 to D e c 3 1 ___ 4 3,9 4 1,203 4 3 ,7 * 3 ,3 9 9 9 ,7 6 5 .1 6 0 9 .4 8 8 .0 2 5
M inn. fit. P. A 8. 8 te . SI
5,109
6 0 .6 4 6
5 5 ,5 3 7
M o. K ana** A J> raws_____
J u ly 1 to D eo. 3 1 . . . . 2 4 ,3 1 5 ,8 6 4 3 5 ,2 8 9 ,0 4 0 6 ,0 5 8 ,8 8 5 6 ,3 7 7 ,8 8 2
24.1,387
2 2 3 ,0 9 9
10.208
4 7 6 ,0 0 0
M o. P a clflo A Iron Mt .
*4 3 ,0 0 0
3 3 ,0 0 0
2 7 ,2 4 4
R eading O om o’ y n .D e o
1 4,5 84
19 6 0 0
4 ,0 0 0
C entral B r a n c h _______
2 3 ,0 0 0
r-r •
1 8 4 ,2 8 5
J u ly 1 to Deo. 3 1 . . . .
e .. . . . . .
1 04,237
* Y . O n ta rio A W aatarr
7*3.261
68.391
9370
9 7 6 ,2 0 3
9 7 9 .9 6 0
T otala U C o m p ’ n .b . D ec
344
1 8 .7 *0
19,445
J u ly l to 4>eo, 3 1 . . . .
— .. a . * .
.............. 6 ,1 6 3 .1 0 2 6 ,5 6 2 ,1 0 7
P e o ria D eo. A K v a n a v.
2,305
17,3 85
1 5 ,0 8 0
Phil*. R e a l. A N. K. D o c ,
6 2 ,5 1 0
5 7 ,9 5 2
2 1 ,8 3 0
1 3 ,3 1 8
Pittab. B e t a A L Krie
27*4 5 »
16.6 09
10,8 50
Jan . 1 t o D ec. 3 1 . . . .
6 4 3 ,1 0 8
6 6 4 .3 3 7
1 9 1 ,0 2 9
2 3 2 ,4 1 0
R io G ran d e S o u t h e r n ...
8,373
8 .9 7 9
504
-_»T
J u ly 1 to D eo. 31 . . .
3 1 8 ,7 7 4
3 7 6 .9 7 6
1 )4 ,0 3 1
1 3 5 ,9 2 0
Rio G ran d e W e ste rn . . . . .
5 4 ,7 0 0
5 4 .0 0 0
700
Bt, J o a e o h A G d. Inland
2 5 .9 5 0
2 1 ,0 7 4
4 ,8 7 6
Pitta. 0 . C. A S L L a . r i m . 1 .4 9 2.33 0 1 ,5 8 3 ,9 4 7
3 7 9 ,7 4 3
5 7 7 ,7 2 4
8L LouU A 8*r. F r * n .....
129 . t7 7
110,092
10,385
Jan . 1 to D e o 3 1 ...1 6 ,2 4 8 ,5 1 6 1 5 .1 6 9 .6 5 3 4 ,6 6 3 .2 1 0 4 ,8 8 4,76 1
8 4 L o o ls 0 on r,h w e«tsm
1 1 0 ,0 0 0
107,**00
2 .2 0 0
P
itt*.
Y
ou
n
g
s.
A
A
.
.
D
eo.
7
9
.5
1
4
1
0
3
.1
0
0
d
e
t
.2
.4
7
2
d
o
l. 4 .4 9 7
Southern R a ilw a y . . . .
4 3 2 .06 5
47*5.377
3 6 .3 1 2
J an . 1 t o D e . 3 1 . . . . 1 ,4 4 9 ,9 i9 1 ,4 5 2 ,7 0 7
4 0 4 .7 2 2
5 1 5 ,0 7 6
1 5 0 .8 7 8
1 4 5 ,1 1*
5.5 56
3 0 ,7 0 2
3 J .7 8 9
6 0 7 ,6 9 6
5 4 3 ,7 1 4
2 2 8 ,9 3 8
211 ,31 1
T o le d o A O hio C e n t r a l...
3 .0 8 7 S t-L ou la A 3 * n Ft. b .D a o .
Jan . 1 to D eo 31 . . . 6.B->3."97 6 4 8 2 142 2 ,7 8 1,103 2 .7 0 9 ,0 0 4
3 1 ,7 2 0
3 1 .3 6 3
357
T o l. 8 t. L. A K an. C ity.
J u ly 1 to D oc. 31 . . . 3 .7 0 6 .3 7 7 3 ,6 0 U .7 t6 1 ,5 3 4 ,4 4 4 1 ,6 1 0 ,6 9 4
W abaeh. ............................
2 5 7 ,3 8 3
2 0 7 .7 9 3
49,4 90
W est. n . Y . A P e im a r l’F
6 0 ,6 0 3
58.40-5
2 .1 0 0
St. L out* 8 o u th w ‘ n ...D e c.
6 0 6 ,9 1 7
5 0 2 ,8 0 1
2 1 0 ,0 0 0
1 5 2 ,0 0 0
2 4 ,7 4 9
W heeling A (sake E r ie ..
2 .5 1 4
2 6 .2 3 5
J u ly 1 to D eo. 3 1 ........ 3,209.(102 2 ,8 7 2 ,7 7 1
9 1 7 ,0 0 0
8 1 5 ,9 4 2
9 7 .4 8 2
" 4.422
W iscon sin C e u t r a J ..........
9 3 ,0 4 9
S o u th e rn R a ilw * y .».D e o . 2 ,2 5 1 ,1 1 5 2 ,0 1 8 ,4 0 8
8 0 7 ,2 9 7
7 1 5 ,6 5 0
J a n . 1 to DOC.31 ...2 3 ,0 8 8 ,9 3 3 2 0 ,6 4 9 ,2 9 3 7 ,3 6 2 ,5 2 6 8 ,3 0 9 ,7 1 1
6 ,5 9 9 ,7 0 7 5 ,9 5 9 ,7 2 5
4 3 ,7 6 2
T otal f6 t roadat . . . 593,744
J u ly l t o D eo 31 . . . 1 2 .9 4 1 .3 9 0 1 1 .4 0 3 .3 8 1 4 ,3 7 8 .1 1 3 3 ,7 6 2 ,7 2 2
Nat Inereaae (9*23 p. c
.............
5 4 9 .9 8 2
fV abaah.h............ . . . D e e . 1 ,2 2 2 .3 9 2 1 ,0 1 5 ,9 0 7
2 8 3 ,9 8 0
3 0 0 ,0 7 1
J a n . 1 t o D ee. 31 ....1 3 ,7 8 4 ,1 0 1 1 2 ,2 0 8 ,1 9 5 3 ,6 4 5 ,0 9 9 3 ,8 8 0 ,2 9 4
For the sseoud week of .January oar (Inal statement covers
J u ly 1 to Deo. 31 . . . 7 ,3 9 9 ,1 2 1 6 ,8 1 3 ,4 7 3 1 .9 8 4 .8 2 9 2 ,2 3 3 ,4 0 9

Latest Gross Earnings by Weeks.—The latest weekly earn­
ings the iregoing are separately
up follows
of January
statement
fit
aad shows 9 id per celt increase
the
same

1

81 roads and shows 2-51per cent increase in the aggregate
over the same week last year.
2 d w eek o f J a n u a ry .

1899

1 898

In crea se.

D ecrea se.

•
*
P r e v io u s ly r o p 'd (5 7 Pda > 6 .0 (0 5 2 5
5 ,78 1.280
A la b a m a G t. Bon th e m .
3 6 ,6 0 5 1
4 0,1 55
A tla n tic A D anvtU e,____
10.751
10,2 00
B nrl. C*d. R an . A N orth
81,7 72
6 7 ,3 7 8
Obattanoosra S ou th ern ..
1.020
1.192
C h ica go A W. M ichigan.
31.4 16
25.8 74
CJIev. C anton A S ou th 'n .
11,960
12*8*0
2 3 2 ,7 1 2
C la v e . e t a . Ohio. A 8t. L 213,517
D ot. G d. R a p . A W e*torn
2 1 ,9 5 5
23.1 09
Dtllnth
8 her* A Ati
39,9 44
25,797
Fla. C o o t. A P e n in s u la r ..
4 5 .8 17
3 9 ,9 9 7
G eorsna A A la b a m a .........
24,7 49
2 4,4 80
G ran d T r u n k . . , . . . . . a )
C h ica go A G r ’d T cu n s /
4 2 3 ,0 5 7
4 6 3 ,39 3
D et. O r .H a v . A M I I w i
Karu C ity Ft. 8 . A M em ..
7 3 .6 1 4
88,3 02
K an. C ity M »m . A B trm .
3 0 .3 W
32.9 13
Kan*<Mi C ity A O m aha
5 ,0 2 9
4 ,8 9 0
11,537
1 2 ,0 0 0
25,841
L ou is V E v a o sv . A H t L.
2 7 ,9 t r
5 2 ,0 3 5
7 2 ,9 9 9
M ln o .S t . P. A S . 8 te. M.
3 5 6 ,4 7 3
N orth ern P a cific._______
3 43 ,84 1
9,068
T e x a s Central ...................
8,570
T ile d o P eoria A W est'n .
17,048
1 9 .9 9 4
w e s te rn N. Y . A P e o n ...
5 7 .8 0 0
5 7 .4 0 0

4
4 4 0 .90 7

400

463
1 ,9 9 9
2 0 .8 0 3
....
49 0
2 .8 3 8
.............

T otal <81 *oad*o
N et in cre a s e (2*54 o.

4 9 4 ,3 1 6
1 8 9 .12 5

3 05 ,19 1
.............

7 ,8 3 5,91 2

7 ,4 4 6 ,7 9 7
....................

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

14.3 94
5 ,5 7 2

14.1 17
5 ,8 1 0
239

%
1 93 ,67 2
3 .5 5 0
551
TT .
172
. T_T __
1 .0 (6
20,7 75
1,254
..A . . «
4 0 .3 3 6
14,6 83
2 ,1 9 6

132
,
12,8 25

a N ot e a rn in g * h ere g iv e n a r e a fte r d e d u ctin g ta x e s ,
b Net ea rn in g s h ere g iv e n a re b e fo r e d e d u c t in g ta x e s.
•A fter a llo w in g f o r o th e r In co m e r o o e lv e d . t o ta l n o t fr o m J u ly 1 t o
D e ce m b e r 3 1 , 1898, wav * 2 9 6 .2 1 8 , a g a in st * 2 8 8 ,9 1 6 .
1 For D ee., 185(3, ta x e s and re n ta ls a m o u n te d to # 1 2 9 ,8 3 2 , a galnat
# 12 7 ,4 3 6 , an d fro m J u ly 1 t o D eo. 3 1 . 8 3 4 1 .1 8 7 , a g a in st # 8 3 9 ,3 1 4 ,
a fte r d e d u ctin g w h ich n et fo r D oo.. 1898, was 8 1 ,2 9 1 ,2 8 8 , a ga in st
8 9 9 6 .9 4 3 . P rom rulv 1 to D eo. 3 1, 1 3 9 8 , net a fte r d e d u ctin g ta x e s
a n d ren tals Is 8 5 ,5 4 8 ,0 9 4 , a g a in s t $ 5 ,3 8 8 ,0 4 4

Interest thuirges and Surplns.—The following roads, m
addition to their gross and net earnings given in the fore­
going, also report charges for interest, « o ., with the surplus
or deficit above or below those charges

— •- B a l .o f t i e l

-IrU .. R en ta ls, tie.
1898.
1897,
Km a*.

Ohio. A East- 111__ Deo,
July 1 to Deo. 31

«

9

1898.
$
*1 2 6 ,0 0 8
*4 6 9 .1 3 3

B a rn ’ g i .—
1 897.
$
'1 1 0 ,9 1 0
* 3 3 0 ,1 6 0

1 2 3 ,00 5
1 2 7 ,22 9
7 6 1 ,8 5 4
7 6 0 .0 6 2
P h ila d e lp h ia A R e a d in g —
7 5 3 ,0 6 2
2 2 8 .2 0 3
2 2 0 ,2 9 8
A ll c o m p a n ie s. . . .D e o .
7 5 0 ,0 0 0
J u ly 1 to D eo. 31 . . 4 ,6 0 0 ,0 0 0 4 ,521 9 7 2 1 ,6 8 3 .1 0 2 2 ,0 4 0 ,1 9 5
5 5 8 ,4 2 1
6 0 ,8 9 4
1 9,3 03
Pitta. 0 . O. A B t . L ..D e o ,
3 1 8 .8 4 9
Ia n . I t o D ee. 3 1 . . . . 3 ,4 2 9 ,1 6 1 3 ,3 8 0 ,0 1 9 1 ,2 3 1 ,0 5 9 1 ,0 1 4 ,7 4 2
* A fte r a llo w in g f o r o t h e r In co m e re o e lv o d .

STREET RAILWAYS AND TRACTION COMPANIES,

The following

table shows the gross earnings tor the latest
which we are able to obThe arrangement of the

period of all street railways from
tain weekly or monthly returns.

THE CHRONICLE.

184

Is the same as that for the steam roads—that is, the
first two columns of figures give the gross earnings for the
latest week or month, ami the last two columns the earnings
f o r the calendar year from January 1 to and including such
latest week or month.

ta b le

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

Q boss
E arnings.

A M D T R A C T IO N

W etkor& oX 1898-9. 1897-8,
6,985
5 1 ,2 6 6
4.517
6.624
2,320 197
D ecem b er. 198,854 188.035
81,4 69
7,314
D ecem b er.
8,550
1 5 1 ,10 6
13,720
D eoem b er.
3 2 1 ,4 4 7
27,6 32
D eoem ber.
26,902
D eoem ber.
150,015 1,547,594 1,533,861
N ovem ber.

D e c e m b e r , 472,500 429,875 5 ,8 4 7,56 8 5 ,182,911
1 7 2 ,13 8
c h a r le s to n C ity R y .. D ecem b er. 13,669 13,5 49
5 ,7 1 9
9 ,1 1 2
Cln. A M iam i V a l . . .. Deoem ber.|
46,5 31
6 2 ,4 1 '
5,493
Oltla n s'(M u n oleIn d .) S eptem b ’ r 1 5 ,4 7 0
23,0 18
23,5 08
1,791
1.S99
C ity E leo. (R om e.G a.) D eoem ber.
C levelan d E le o t r lo ... D eoem ber. 153,574 146,486 1,7 1 3,96 9 1,632.021
87,5 35
D eoem b er.)
7,713
105,362
7 ,1 3 9
C love. PalnsT. A E
6 8 7 ,57 2
6 J 9 .83 7
Oolnm bus 8t. R y. (O.) D eoem ber.) 62,260 55,496
C o n s o l.T ra o t. (P itts.) N ovem ber.) 190,000
7 5 3 ,18 4
D e n v e r C on. Trarnw. . D ecem b er ! 66.841 64,995
723*3*67
66,9 10
62,8 31
D e tro it CltTns’ St.Ry. A wka J a n . 66,9 10 62,831
23,8 92
2 2 ,9 1 6
2 2 ,9 1 6
D e tro it E leo. R y --------3 w k s J a n . 23,8 92
1 9 1 ,5 8 0
2 0 3 ,3 2 6
D uluth 8t. R y ........... . D e ce m b e r. 16,860 16,337
144 ,40 0
E rie E leo. M o to r........ [D eoem ber. 12,417 12,187
1 4 0 ,84 5
Ft- W ay n e A B elle
1 0 ,2 4 “
9 ,914
9 ,9 1 4
Isla n d (D e tro it). . . . 3 w k s J a n . 10,248
3 0 1 ,46 8
H a rrisbu rg T raotlon. D ooem ber. 22,621 20,1 27
2 2 8 ,5 3 7
H erk im er M ohaw k II
40,6 82
3 .4 9 2
Ion A P k f ort E l. R y. D ece m b er.
3,448
39,6 09
H o u ston E lec. St. R y. N ovem b er. 16,850 1 5,0 9 4 1 8 1 ,17 0
1 6 9 ,2 0 9
In tersta te C onsol, ol
N orth A ttle b o r o ___ D eoem b er. 12,147 10,645
K in gston C ity Ry.
5 9 .4 0 2
O o t o b e r ...
5 ,1 4 8
4 ,4 4 6
45,5 87
9 ,155
Lehigh T raotlon ....... D eoem b er.
8,869
1 0 9 ,1 0 0
9 7 ,0 2 3
>R a ilw a y (Ohio)
" '
D eoe m b er.
3 ,8 8 2
42,1 95
3 ,3 3 6
37,0 37
L o n d o n 8t. R y.(O an.) N ovem ber.
9,232
7.497
D ow ell Daw. A H a v .. D eoem ber. 3 4 ,1 4 4 3 2 .8 8 2
M eteop .lK ansas City) J d w k O o t , 37,128 36,9 93 1,655,442 1,495,773
M etro. W. Side (Ohio.) D eoem b er. 125,210 105 ,42 0 1,216,833
M on treal Street R y ... D eoem b er. 127,769 113,120 1,506,218 1,3 6 0,91 7
M nsoatlne St. R v ....... D eoem b er.
5,264
4,974
57,2 89
53,8 76
Nassau E leo. (B ’klyn) D eoem b er. 146,159 140,955 2,146,713 1 ,903,936
N ew b u rg St. R y ......... D eoem b er.
5,878
5.884
85,593
82,948
N ew L on d on St. B y .. D eoem ber
3 ,065
5 5,7 54
3,311
5 3 ,4 7 3
N ew O rleans T ra otlo d D ecem b er. 113,361 107,936 1 ,316,791 1 ,237,263
N o rfo lk 8 t R y ..;........ O o t o b e r ... 15,240 12.882
148,273
1 2 4 ,03 0
N orth Ohio. Bt. B y .. . D eoem b er. 246 ,69 1 244,829 2 ,9 2 1,42 5 2 ,8 1 8,39 9
N orth 8 h ore Traotlon D eoem b er. 113,852 108,772 1 ,495,150 1,450,555
O gd en sbu rg St. K y ... D eoem b er.
1,268
1,399
1 9 ,7 6 i
19,333
P a te rson R y ............. .. D eoem b er. 31,3 98 29,6 89
3 7 4 ,8 9 8
3 4 7 ,0 5 4
R ich m on d T r a o t lo n .. D eoem b er. 12,674 10,294
147,631
1 3 2 ,6 9 7
R o x b -h O h .H .A N or’ n N ovem b er.
7,178
5,240
1 01 ,70 4
8 0 ,1 5 4
S ch u y lk ill V al. Trao. D eoem b er.
4 ,8 8 3
63,674
S cranton A C arbon d’e D eoem b er
3 ,0 2 9
3,339
35,4 43
Seranton A Pitta ton D eoem b er
5,440
61,9 04
5,825
S eranton R a ilw a y .... D eoem b er. 37,303 36,834
3 8 3 ,7 2 6
3 6 6 .32 6
S yracu se R ap. T r. Ry. D eoem b er. 44,045 4 0 ,1 3 0 4 5 8 ,6 4 9
4 3 3 ,2 7 6
T o le d o T r a o t l o n ...... O o t o b e r ... 80,774 73,000
T o ro n to B y .................. N ovem ber. 100,204 89,447
T w in C ity B ap . T ra n . N ovem b er. 177,622 168.469 1,960,927 1,819,173
U nion (N. B e d fo r d ).. D eoem b er. 17,7 50 17,5 65
198.374
221 ,68 3
U n ited T ra ct. (P itts.) D ecem b er. 132 631 126,728 1,549,216
U nited T raot. (P r o r .j N ovem ber. 134,960 141,881 1,616,377 1,582,3*98
U a lt. T rao. (R eading) D eoem b er. 15,233 14,168
2 02 ,22 6
1 9 4 ,0 >9
Wftkefleld A S to n e .... D eoem b er.
3 ,8 4 3
3,917
55,0 87
54,9 97
W aterbnry T r a o tlo n .. D eoem b er.’ 25,161 24,2 72
2 80 ,09 7
2 5 8 ,61 3
W jaetOhloago 8 t. R y S d w k J a n . 71,1 50 67,6 20
2 1 1 ,2 0 4
204 ,57 1
W h eelin g R a ilw a y .
N ovem b er. 17,141 14,436
173 ,02 9
1 5 2 ,36d
■ In clu d es B altim ore T ra otlon a n d C ity A S u b u rb a n fo r b o th yea rs.

Street Kailway Net Earnings.—The following table gives
the returns of S t r e e t railway gross and net earnings received
this week. Ia reporting these net earnings for the street rail­

ways, we adopt the same plan as that for the steam roads—
that Is, we print eaoh week all the returns received that
week, but once a month (on the third or the fourth Saturday)
we bring together all the roads furnishing returns, and the
latest statement of this kind will be found in the C h r o n i c l e
Februar^lS^WgO99'

„
R oads.
B rock ton O on .8 t.R y ..D eo.
B u fla lo T ra o tlo n —
O ct 1 to Deo. 3 1 ___
C harles to ii C ltv R y . D ec.
Jan. 1 to D eo. 3 1 . . . .
J u ly l to D ec. 3 1 ___
C levelan d E le o trlo D e e ..
J a n . 1 t o Deo. 3 1 . . . .
D en ver C on .T ra m w . Deo.
J an . 1 to D eo. 3 1 . . . .
L o w e llL a w r ’ o e A H . Deo.
N ew O rleans T ra o t.D a o .
J an . 1 to D eo. 3 1 ___
N orth Shore T ra ot.. D eo.
J an . 1 t o D ec. 3 l . . _ .
O ot. 1 to D ec. 3 1 . . . .
R Iohm ond T ra o.........D eo.

Th8 n8Xt WlU appear ln the 188116 of
O rojs E a rn in g s.----- . ----- N et E a rn in g s____
1898.
1897.
1898
1897,
*
2 7 ,0 3 0
2 6 ,9 0 2
10,0 88
1 2 ,8 2 4
1 8 ,8 3 0
11,1 64
13,669
13,5 49
1 72,138
87.9 84
8 4 ,3 5 1
153,574
146 ,43 5
1 .713,969 1 ,632,021
66.841
64,9 95
7 5 3 ,1 8 4
7 2 3 ,38 7
3 1 ,1 4 4
32,8 82
113,361
107,936
1,311,791 1,2 3 7,26 3
110,852
1 08,772
1 ,495.150 1 ,4 5 9,55 5
j g3 1 1- ,38
- 6
3 36 ,53 8
12,6 74
10,294

d et.1 ,3 9 1
5 ,9 9 3
6 3 .3 1 8
3 9 ,4 4 2
6 9,3 63
6 8 5 .2 0 2
3 2 ,2 9 2
2 9 1 ,4 0 2
11,6 59
4 8,4 79
5 12 .46 1
4 5,0 02
6 3 3 ,4 8 5
1 2 9 ,6 5 5
5 ,4 7 1

d ef.3 ,3 6 8
5 ,7 4 9
3 7 .6 2 9
6 2 ,6 3 6
5 9 3 .0 7 6
3 1 ,5 8 2
2 9 1 ,3 1 0
12,6 63
4 5 ,1 0 9
3 9 9 ,8 3 0
4 3 ,3 9 9
6 2 3 .0 1 3
1 3 0 .6 8 3
3 ,4 3 9

. . ^ r L Ch9T?e9 and Surplus.-The following S t r e e t
■ add,'tion t0 their gross and net earnings given in
Hlgfl'^!'Sabove
Ov!?POor
rt °lhar8es
for Interest,
•orplus or dunoit
below those
charges &o., with the
■—
R oa d ,.
Mver O on .T ra m w .D eo.
J a n .l to Dec. 3 l . . „

rentaUl £ S i ~ ' ~ B a l- o f
18# 8 18J ’ 7 la 9 8 '
19,121
13,4 95
13 171

228,530

220,864

NORTHERN PACIFIC.
D e c .,f98.
$
G ross o a r n iiu fs .... .. ... .2 ,0 0 9 . 5 7 6
O p era tin g e x p e n se s ........... 8 9 1 ,9 2 0

65372

R a m s—
!8 9 7 .
is 087

7o |«6

J u ly 1 to
J u ly 1 to
D ec , ’ 97. D ec.3 1 ,’ 98. D ec.Z l ,’ 9 7.
$
$
$
1 ,7 7 0 .6 6 3 14 *’ 8 7 ,0 4 4 1 3 ,3 7 5 .6 6 2
9 2 0 .6 8 4 6 ,2 1 6 .4 7 3 5 ,8 9 1 ,4 2 4

1 ,1 1 7 ,0 5 6

9 4 9 ,9 7 9

8 ,5 7 0 ,5 7 1

» 3 0 3 ,0 4 9

1 1 2 ,2 9 1

1 ,4 6 9 ,8 8 1

6 6 6 ,2 1 5

.

8 1 4 ,6 0 7

8 3 7 ,6 9 8

7 ,1 0 0 ,7 1 0

6 ,8 1 8 ,0 2 3

.
N et incom e —
Main S y ste m ..........................,
P ro p rie ta ry L in e s ...............

1 4 8 ,7 8 9

8 3 ,8 1 5

2 4 1 ,7 8 0

1 2 5 ,0 9 6

9 6 3 .3 9 6
2 3 ,0 0 0

9 2 1 ,5 1 3
901

7 ,3 4 2 ,4 9 0
2 6 1 ,6 9 0

6 ,9 4 3 ,1 1 9
2 0 3 .4 9 4

.

9 8 6 ,3 9 6

9 2 2 ,4 1 4

7 ,6 0 4 ,1 8 0

7 ,1 4 6 ,6 1 3

C O M P A N IE S .

Latest g r o s s E a rn in g s.

*

AJkron B©df*d A Clev.
A lb a n y R ailw ay,
A m sterdam 8 l R y .
A tla n ta Hallway ..
B altim oreO on .K y .*...
B ay Cities C o n s o l.. . .
B in gh am ton St. R y ...
B rid ge p ort T ra ctio n .
B rock ton C on. 8t. R y.
B ro o k ly n E le v a te d ..
B r'k ly n R ap. T r. C o . -

[V O L. LXVIII,

7 ,4 8 4 ,2 3 8

ANNUAL REPORTS.
Annual Reports.—The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s .
This index does not include reports in to-day’s Chronicle.
Fall face figures indicate Volume 67.
St r e e t R a i l w a y s .
Volum es 6 7 a n d 6 8 —
P ape.
Boston Elevated R y ......................1 1 0 7
C bicago City R y
............................127
Lake Street Elev’ d (Chicago, 111.). .128
N orth Chicago Street RR.................. 127
D e la w a r e L a c k a w a n n a

S t r e e t R a i l w a y a.— (C o n tin u ed .
V o lu m es 6 7 a n d 6 8 —
P a g e.
North Shore Traction.................. 1 2 6 0
Northwest. Kiev. (Chicago, III.).. .127
Terre Haute (Inch) Elec. Ry.. . . 1 3 0 6
W est Chicago Street R R .................. 127
& W e s te l-n

R a ilr o a d .

( R eport f o r the year endiag Dec. 31, 1898.)
T h e b r ie f c ir c u la r p e r m its t h e f a llo w in g c o m p a r i s o n :
e a r n in g s a n d e x p e n s e s .
1898.
1897.
1896.
1895.
$
$
$
$
G ro ss re p ts., all s’ r o e s ..4 3 ,6 9 6 ,4 8 2 4 3 ,9 7 5 ,3 9 9 4 4 ,2 0 6 ,3 5 2 4 4 ,2 0 1 ,9 0 9
O p e r a t in g e x p s ., b e tt e r ­
m e n ts, e q u ip ., e t o ......... 3 6 .9 6 5 ,9 7 8 3 8 ,6 5 8 ,8 6 0 3 7 ,4 7 5 ,3 7 3 3 7 ,4 4 1 ,0 0 9
N e t r e o e i p t s ........................ 6 ,7 3 0 ,5 0 4
In te re s t a n d r e n ta ls ........ 5 ,4 0 6 ,2 3 9
D iv id e n d s (7 p . o .) ............ 1 .8 3 4 ,0 0 0
Sur. o r d e f. a lt e r d iv . d f. 5 0 9 ,7 3 5

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

6 ,7 3 0 ,9 7 9
5 ,4 0 6 ,2 3 9
1 ,8 3 4 ,0 0 0

6 ,7 6 0 ,9 0 0
5 ,4 0 6 ,2 3 9
1 ,8 3 4 ,0 0 0

B r.76,300 d f.5 0 9 ,2 6 0 d f.4 7 9 ,3 3 9

g e n e r a l balan ce sh eet dec.

3 1.
A ssets1898.
1 89 7 .
1S96.
1895.
C o n s tru ctio n a c c o u n t ___ 3 3 ,3 9 6 ,0 7 4 3 3 ,7 4 2 ,8 1 7 3 3 ,7 4 2 ,8 1 7 3 3 ,7 4 2 .8 1 7
S to o k s a n d bondB, o o s t .. 9 ,0 9 6 ,6 1 7 9 ,9 0 4 ,1 3 7 1 0 ,3 7 3 ,6 0 2 1 0 ,4 1 8 ,0 3 9
N e t oaah an d c u r r e n t a c ­
co u n ts r e c e iv a b le .......................................................
..............
2 0 1 ,3 4 3
M a te ria ls, fu e l, A o .......... 1 ,7 0 9 ,7 1 8 1 ,7 3 4 ,0 1 3 1 ,8 5 7 ,1 6 6 2 ,2 3 1 ,2 2 3
T o t a l .............................. 4 4 ,1 9 2 ,4 0 9 4 5 ,3 8 0 ,9 6 7 4 5 ,9 7 3 ,5 8 5 4 6 ,5 9 3 ,4 2 2
L ia b ilitie s —
S t o c k ..................................... 2 6 ,2 0 0 ,0 0 0 2 6 ,2 0 0 ,0 0 0 2 6 ,2 0 0 ,0 0 0 2 6 ,2 0 0 ,0 0 0
F u n d ed d e b t ...................... 3 ,0 6 7 ,0 0 0 3 ,0 6 7 ,0 0 0 3 ,0 6 7 ,0 0 0 3 ,0 6 7 ,0 0 0
N e t oash a n d o u r re n t a c ­
co u n t s p a y a b le ............................. 1 ,0 3 1 ,8 7 9
7 9 9 ,9 9 0 1 ,4 6 8 .9 0 8
...........
S u rp lu s a c c o u n t ................. 1 3 ,8 9 3 ,5 3 0 1 5 ,3 1 3 ,9 7 7 1 5 ,2 3 7 ,6 7 7 1 7 ,3 2 6 ,4 2 2
T o t a l lia b i l it i e s .......... 4 4 ,1 9 2 ,4 0 9 4 5 ,3 8 0 ,9 6 7 4 5 ,9 7 3 ,5 8 5 4 6 ,5 9 3 ,4 2 2
I T h e r e p o g t.s h o w s t h a t 5 ^ p e r c e n t w a s e a r n e d o n t h e s t o c k
in 1898 a g a i n s t 7 -2 9 p e r c e n t i n 1 8 9 7 , 5 -0 5 i n 1 89 8 , 5 - f 7 i n 1 89 1 ,
6 -2 4 i n 1 89 4 . 11-0 4 i n 1 8 9 3 , 9 -9 8 i n 1 8 9 2 , 9 -21 i n 1 89 1 , 10 i n 1890
a n d 8 -2 0 i n 1 8 8 9 .
T h e ite m s w h ic h g o t o m a k e u p t h e a b o v e “ n e t c a s h a n d
cu rre n t a cco u n ts ” are as fo llo w s :
1898.
A c co u n ts r e ceiv a b le a s f o l l o w s :—
$
Oash o n h a n d ................................................. 1 ,0 3 9 .6 6 1
C oal o n b a n d (less th a n m a rk e t v a l.). 1 ,8 2 1 ,0 4 4
A d v a n o e s t o le a se d ro a d s .........................1 ,1 7 3 ,5 1 0
A d v a n o e a o n o o a l to be d e liv e re d , A o . l , 5 5 9 .8 6 3
C oal b ills an d su n d ry a cco u n ts d u e . ... 2 ,0 6 3 ,8 1 9
S u n d ry a co o u n ts r e c e iv a b le ..................... 4 0 1 ,7 7 1

1897.
$
1 ,0 1 7 ,6 2 4
2 ,2 0 5 ," 0 5
1 .1 0 1 .3 3 4
1 ,5 6 4 ,7 0 3
1 ,7 0 6 ,3 2 1
6 3 0 ,5 5 0

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

T o t a l ......................................................... 8, 0 5 9 ,6 8 8
L ess a cco u n ts p a y a b le , v iz .:—
P a st d u e d iv ’d s, in te re st an d r e n ta ls.. 1 6 5 ,9 9 8
D . L . A W . d iv . p a y a b le In J a n u a r y ... 4 5 “ ,5 0 0
R e n ta ls p a y a b le a fte r JaD. 1 .................. 1 ,6 8 9 ,5 1 4
S tate t a x e s p a y a b le a fte r J an . 1 ......... 4 4 4 ,6 0 3
D e c e m b e r p a y -r o lls p a y a b le in J a n . . . 9 1 3 ,7 5 6
B on d s a n d m o r t g a g e s ................................ 1 0 7 ,0 7 4
V ouoU ers d u e a n d p a y . a ft e r J a n . 1 ..3 ,1 5 0 ,2 1 3
S u n d ry r a ilr o a d a c o o u n ts .........................2 ,1 6 1 ,9 0 4

8 ,2 2 7 ,2 3 7

8 ,1 6 6 ,9 7 6

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

1 5 0 ,5 6 3
4 5 k ,5 0 0
1 ,6 6 4 ,1 7 5
4 9 2 ,2 0 3
8 2 5 ,5 4 6
1 3 9 ,74 1
2 ,6 6 5 ,1 5 6
3 ,2 4 0 ,0 0 0

T o t a l........................................................*9 0 9 1 ,5 6 8
B a la n ce o f a c c o u n ts p a y a b le ................. 1 ,0 3 1 ,8 8 0

9 ,0 2 7 ,2 2 8
7 9 9 ,9 9 0

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

•Of w h ic h $ 6 ,0 6 6 ,7 5 6 h a s b e e n p a id sin oe c lo s e o f y e a r.
T h e s u rp lu s a o o o u n t w a s oh a rg e d d u rin g th e y e a r w ith $ 9 1 0 ,7 1 1 f o r
d e p r e c ia t io n o f r o llin g s t o c k , eto.
— V . 6 7 , p . 1 30 6 .

Atlantic & Danville RR.
( R eport fo r year ending Jane 30, 1898.)

President B. Newgass says in part:
A d iv id e n d o f 1 p e r ce n t o n th e p r e fe r r e d s to o k w a s a g a in p a id la s t
S eptem b er. T h e in cr e a s e d e a rn in g s a u d th e fin a n cia l o o n d itto n o f th e
c o m p a n y w o u ld h a v e ju stifie d th e p a y m e n t a t a h ig h e r ra te , b u t th e
p o lio y w a s fo llo w e d o f fa r t h e r stre n g th e n in g th e ca s h r e s e rv e s. T he
G e n e ra l M a n a ger re p o rts th e en tire p r o p e r t y in t h o r o u g h ly g o o d c o n ­
d itio n . A s ta n d a rd -g a u g e b ranoh o f 5 m ile s is n o w u n d e r oo n s tru o tio n
b y th e c o m p a n y in t o a o o p p e r-m in in g d is trict o f N o rth C arolin a.
T h e c a p ita l sto o k re m a in s th e sa m e as la s t y e a r , a n d n o o o o a s io n h a s
a risen to d ra w in to r e q u is itio n a n y p o rtio n o f th e $ 2 6 2 ,0 0 0 firs t
m o rtg a g e b o n d s d e p o site d w ith th e M e r ca n tile T ru st C o . T h e c o m ­
p a n y h a s co n tin u e d to o o n d u o t Its b u sin ess o n a s t r ic t ly o a sh b a sis,
a n d has in o u r re d n o o b lig a tio n s o f e ith e r c a r t ru s t o r o th e r c h a r a c te r .

T H E

J a s t j a b y 28, I860 |

C H R O N I C L E .

Statistic *.— B a sa lts (o r fo u r yea rs past have b een :
EARNINGS AND EXPENSES,

1895-96.
$
93.027
131,765
16,577
27,649

1894 95.
$
91,751
413,586
16,533
16,500

543,770

589,018

538,370

Con1?oetiDg transportation.19^,7*25
Maintenance of vray, eto— 08,513
Maintenance of equipment. 79,584
General..............................
36,603
Taxes........................................ 20.974

198,883
72*143
77,187
36,387
20*258

222,907
76,984
69,47 *
38,534
22,160

221,277
91,544
46,382
50,Oh9
*23,129

Total,..................................405,398
Net earnings............................ 159,352
Per cent exp. to eamiugs.... 71*78

404.858
138,912
74*45

429.124
139,894
75*41

435,423
102,917
80'87

1897-98.
K ern in g * ■

$

1898-97.

__

$

P a f l ® 6 i i 5 ? e r . . 80*793
F W tafctL ™ *..................
430,900
H a i l ......................................- 16,993
30,001
M)*c«ilaiieoua....................

87,103
408*834
16,488
31,287

Total...................................564,750

INCOME ACCOUNT.

1897-98. 1896-8 \ 1895-98. 1894-95.
$

8

$

Net earnings.....................................159,352 138,912 139,894
Received from bond’rs’ com.........
.................. ........
.......

T otal.............................................159*352 138,912
Betterments. ..............................................

Interest............................................. 61.900

....... -

$

102.947
194,219

139,894 297*106
■•••*

61.900

61,900

30,h50

Balance for dividends.....................*97,452 *77,012

77,994

75,601

•Paid 1 per cent dividend on pref. stock in Sept.* ’97, and Sept., '98
iw -£ frRoa4 fcH'l e q u l p
Mst’U A fa*-1 an hand
Heale^tato
........
Doe from ag«nt«-----Do
V .S .fM v 't.
Do
Indlr .A «*>'*.
Rills recetv.* nd loom
Cash at banker*...... .
MXse«ll*a*Oa» _____
1st Mbds.wUh Tr.Co

Total. *____

-V .ffrf, p,7*.

18 5

$250 o f o ld s to ck $100 o f n ew , an d in a d d ition an a ssign m en t
o f a p r op ortion a te in terest in the fo r e ig a patents. In 1817
the A m erican C om p a n y h ad ou tsta n d in g ca p ita l sto ck to th e
a m o u n t o f $3,500,000.— V . 07, p. 528.
A m e r ic a n S t e e l A W ir e C o.— New Securities Ready.— T he
n ew securities are n o w read y fo r d eliv ery to th e dep ositin g
stock h old ers o f the Illin o is C om pan y.
J. & W . S eligm an & Co. ann oun ce that o v e r 98 per cen t o f all
th e ou tstan d in g $21,000,000 preferred and co m m o n shares o f
the o ld A m erica n Steel & W ir e C om pan y has been deposited.
A p p lica tio n w ill be m ade fo r listin g th e ssenrities on the
S tock E x ch a n g e. T h ere have been v ery h eav y dealings in
the p referred shares at 93@94 and co m m o n at 42@44 d u rin g
th e w eek. T h e n et earnings o f th e com p a n y are rep orted to
be a b o u t $*35,000 a day.
Officers, Etc.— T h e ’ N ew Jersey C om pan y has elected the
f o llo w in g :
D ir e c to r s : F o r th ree y e a rs —J o h n W . G a t e .. Isa a c L E llw o o d , W illia m
E d e o b o r n , H en ry S eligm a n . J o h n L a m b ert; F o r t w o y e a rs —S tew a rt
H. C h ish olm , F rederidk P. V oorh ees. W illia m P. P a lm er, P u n lp W.
M oen , F re d e ric k S trau ss; F o r o n e y e a r —G eorg e T. O liv e r , F ra n cis
M, D rake, C h a rles T . B o y n to n , J a m e s H o p k in s a n d O has. O. H o w a rd .
O fficers—J . W . G a tes. C h a irm a n o f the B ia rd ; J o h n L a m oert, P resi­
den t: W illia m E d e n b o rn . First V ice-P resid en t: I. L. E liw o o d . S s io n d
V ice -P re s id e n t; 8 , H . C h ish olm , T h ird V ic e -P re s id e n t; P. W . M oen ,
F ou rth V ice P residen t; W . A- G reen , T rea su rer; F. L. W a ts on , A ssist­
ant T re a s u re r, C h ica g o: T. P. A d ler. A ss ista n t T rea su rer. N e w Y ork;
G . 9. R oberts, s e c r e t a r y ; O. O w en . A ssista n t S e cre ta ry , C h ica go; F. E.
P a tte rs o n , A ss ista n t S e o r e 'a r y . S e w Y o r k . E x e o n tlv e C o m m u t e —1
L. E U w ood, C hairm an: J W . G a tes a n d W illia m E d e n b o rn . S ew a rd ,
G u th rie <fc S teele, G en era l C ou n sel.—V . 6 8 , p. 128 .

BALANCE SHEET JUNE 3 0 .
1408
MS*.
i» n .
A s to r ia L ig h t H eat A P o w e r C o.— Incorporated..— T h is
%
4
m ' t . <5430 733 P w fe m d stock ...... .3,(4)0.800 SJMJIOO | com p a n y w as in corp ora ted J a n u a ry 20 at A lb a n y to su p ply
12.7Cfl
Svrda rom m on s to c k .-..-., .2.1 8 0 » » *,t8O.»0,l gas and e le ctricity In N e w Y o r k C ity . T h e ca p ita l sto c k is
»<V7*2 *3.7S& 1st M. 5 p .e bonds-. 1.404,000 lAOO.wO
$500,000. D irectors H orace M. F u lle r, A u g u stu s R. M oen,
3i.eos l**.A' * Fund* from B dboMlrt.U02
IS,#10 A rth u r C. H um e and F ran cis R . For&ker o f N e w Y ork C ity,
cr»f OutDtnIXtee.....
4.244
4.1*12
.
70.143
o«h,
cujfrH
listittiues
« > *
Q ueens
40,718
4»,91rt and T. W ilb u r Spear o f B rook ly n ; m ain
la n d s.........
77,f-30 1W. •Si
*MH8
W JM
2*,a*'
Mi*C«d!*R«QU.N. . . . . . .
B >rough.
«.777 43 X07 Balance to Impt^v*
J oh n D. C rim m tns has con v e y e d to th e com p a n y a b o u t
S.<Uil
meat account....... . 237.130
2*S,0 0 2S2,000

*T

..?.S4*fe9 »i 7,XM,0ll

GENERAL

T o ta l... . -

INVESTMENT

,.TJM3.7*1 7,14*.l)tl

three h un dred acres o f laud in A s to r it fron tin g on B ow ery
Bay an d in clu d in g B irrla a s Island. T h e con sid era tion is
given as $750,000.

NEWS.

B a ltim o r e C ity P a s s e n g e r R y .—B a lt im o r e C o n s o lid a te d
R y. — Purchased ,— The " B altim ore S a n " o f Jan. 21 an ­
n oun ced that o f th e en tire issue o f 14,00) shares ($95 each)
R e o r g a n is a tio n s , E tc,— Latest Data a* to Defaults, Reor o f the B altim ore C ity Passenger R y ., the holders o f all e x ­
aanization Plane, Payment o f Overdue Coupons, Etc. — A l! cep t 850 shares had sign ed the agreem en t to sell at $90 per
facta o f this nature a pp earing since th e p u b lica tion o f th e la s t share to th e syn d ica te headed by A lex a n d er B row n A Son s,
Issue* o f th e IarvesroRS’ and th e S r a a r r R a i l w a y S c p p l * - (see circu la r V, 67. p. 1307). T o pu rch ase th e en tire issue at
lrzs-rs m a y be re a d ily fou n d by m ean* o f th e fo llo w in g I n d e x . this rate calls fo r $ t2 .6 0 1,000. T h e n egotia tion s fo r the pnrT h is in dex does noi in clu d e m atter in to-d a y ’ s C h r o n i c l e . < hase b y the sam e syn d ica te o f th e B iltim O re C on solidated
F u ll-fa ce figure* in d ica te V o lu m e 87.
R y. were co n clu d e d on T h u rsd ay. T h e agreem ent g iv e s to th e
8 T * * * T R a i l w .i t , .
Bt s k s t I U i l w a r s - ( Continued.)
syn dicate th e rig h t to pu rch ase th e stock o f th at com p a n y
Volume $ 67 and 08 —
Pis*.
Volume* 67 and 68—
Poq€. b y M arch 80. p a y m en t to he m ad e b y A p r il 30. T h e price is
Akron (0 .) 8t. Ry. * III....pX/in. 1 3 3 5 l*-Ont-A Rlvarslde ay..A*r*etV*.t101
CHJxeoa* 8t. Rft. (indla/iapoU*,
Metro. West Hbia K1............. *«W.
40 j $37 50 per $25 share, and th e stock h old ers m ay e le ct to take
lnd.>
. . . . . . . . Man »*/ wwro.
4»>
do
do .. . rMrjtfBUM t o .
ISO cash o r the secu rities o f th e proposed n ew com pan y .
The
Ctty B l d r t e (D eeu a r, I n .'.w r .
12t» Nmw Ort, Tract.plan.0fM», 7:|0, 1 2 0 0
CTsscvut CUf (Nssr Orleans. La..i
do
do ,** on*i
eat td.
Hi cash in v olv ed in this tran saction fs $18,758,000 fo r th e w h ole
•UfauXt’-.
80 ; P eon sjl vanla Traction____ n s '9 -1 2 0 H
issue o f $ 9 ,172.000. T h e tw o system s tog eth er have ou tsta n d ­
Dearer (Col.) City 8trw* KK.,
Ssclntw Union 9*. R y.........p b s . l l i t
in g bon d s and certifica tes o f in debtedness to a tota l o f
M l/: (Won, 1*20*2 i Srracus* A Kasf Hid*?
W 4.
H7
D t o r e f (Co*.* Cons. Tramway.
Union 9c. Ry. i&utlnaw, Midi.)
$14,100,000.- V . 67, p, 1807, 1261.
*"TV*o((/J,i fim» urilh Denver (Htv
fu<io.l M l
■ftmt Kit. 1 *20*2 Untoo T n m o f ,V. J.jhsJ* Jan. 17.13 3 s
Fox H irer Slsetrie (Green Bs t ,
; do
d o .. ..
r»4Vf. n 4 k r . 131

Wisk ... ... ... . . . . . . . ,... iV4.

128 W « t Kod (Denrer, CoLi Street

Intern? ban Ry. <8ag.inawL pla*>. 11 1 l
R y ........ ...................»aU; p l m .r i i i'J
Kings Co. Bl.(BTtltn,N.y.).|>l*i»*.133H Zeneerille (O.) Ry. A Elec *#d4
4u
Xok?>frioCity M trw t Ry. .. recr. 130 1 do
do . . . . nsor&ams/d Co.
»7

A d d y sto n P i p e * S t e e l .— Increase nt Stock.— A t th e m eet­
in g In C in cinn ati on dan. 19, m ore than 13.000 o f the c o m ­
pan y'* 15,000 share* o f capital stock (p a r $100) w ere voted in
fa v o r o f the proposed $300,000 increase in the ca p ita l stock .
rai.-tDg the sam e to $1,800,000. T h e com p a n y proposes t o
b u ild a m od ern plant near Bessem er, A la. Daniel M cL aren
la Preeident,
A m ertea n I c e C o .—A b ill w as in trod u ced in th e Maine
L eg islatu re on Jan. 21 to in corp orate this com p a n y w ith a
ca p ita l stock o f $00,000,000.
A m e rica n M a ltin g C o .—jVeio Acquisitions ,— T h e ‘ ‘ N ew
Y o r k S u n " on T u esday said: N egotiation s w ere con clu d e d
yesterday b y w h ich th e A m erica n M a ltin g C o. secures eigh t
o f the principal independent m alt house* in the East. T h e
m a jo rity o f th e plants pu rch ased a re located in this Btate,
and th eir acqu isition red u ce* com p etition in the m a ltin g In­
du stry to n om in al prop ortion s.
T h e m ost im p ortan t plants
a cqu ired are th ose o f N eid lin ger & Sou o f this c it y , w h ich
h ave a ca p a city o f abou t 2,800.000 bushels o f m alt a year.
O ne o f the firm 's establishm ents occu p ies an en tire c it y b lock
and w ater fro n t on the East R iv er. P resid ent C harles A .
Btadler o f th e A m erica n M a ltin g C o. on T h u rsd a y said:
D eed s h a v e lust b een e x e e n te d b y w h ic h th e m a ltin g plants, store*
b on ses an d e le v a to rs o f Jfetdlinger A S on s h a v e b e co m e th e p ro p e rty
o f tiio A m erica n .M alting C o. T h e a c tiv e m em b er* o f th e firm w ill
join th e A m erica n M a ltin g Co. a n d s u p e rv is e th e p la n t* a b o v e
m en tion ed , an d It It fa e x p e c te d th a t In th e n ea r fu tu re G e o r g e F.
N eidlingeT w ill b e elected a m em b er o f the b o a r d o f d ire cto r* o f th e
A m e r ic a n M a ltin g C o,—V. 0 7, p. 1054-

A m e rica n R a ilw a y E le c t r ic L ig h t— U n ited E le c t r ic Co.
— Plan .— A c irc u la r ann oun ces th a t the d ire cto rs o f the
A m erican R a ilw a y E lectric L ig h t Co. have arran ged th at a
n ew com p a n y , the U n ited E le ctric C o ., w ith $5,000,000 c a p i­
tal sto ck , shall acqu ire the ex clu siv e rig h t t o the use o f the
A m erica n C om pan y's system o f lig h tin g in th e U n ited Dtates
and Canada, and t o all th e asset* tn th at territory , and shall
assum e a ll liabilities.
T h e A m erica n C om p a n y 's s to c k ­
h olders are g iv e n the p riv ileg e p r io r t o M arch 5 o f e x c h a n g ­
in g th eir share* fo r those o f th e n ew co m p a n y , rece iv in g fo r

B a lt im o r e A O h io R E .— B a lt im o r e A O h io S o u th w e s t­
ern R y .— Plan Operative.— T h e plan fo r the reorgan ization
o f th e B altim ore & O h io S ou th w estern R y . C j. has been fo r ­
m ally declared (effective. O v er 87 per ce n t o f th e bonds d is ­
tu rbed and ov er 85 per cen t o f th e p referred stock h av e been
d e p jeited . F a rth er dep osits w ill be re ce iv e d w ith ou t a d d i­
tional ch a rg e to and in clu d in g F-dj. 6, 1899, a fter w h ich date
a pen alty w ill be im p osed , as stated in advertisem en t.
Listed .— T h e N ew Y ork S tock E x ch a n g e has listed the
en graved certifica tes o f d ep osit fo r the f o llo w in g :
O h io Sc M l*«tw lp p l R y. yen oral m o rtg a g e 5 s (c u r r e n c y ); B. & O. 8 .
W . HR. a rm m o r tg a g e * ■**: B. A O. 8. W. R y . first oonaoL lia s ; do.
lirst in co m e 5 s, s e n e s -A "; d o , p r e fe r r e d s to c k .

T h e E x ch a n g e has also a u th orized the listin g o f certificates
o f dep osit when p ro o e rly en gra vyd as fo llo w s :
O hio A M ississippi R y . Arm oo n s o l. e x te n d e d 4 p. e.; d o s e co n d
con sol. 7 s (cu r r e n c y ); d o . S prinyfl Id D iv is io n 7 s (ou rren oy ); d o. B. A
O. 8. W Ry, first In oom e 5*. series “ B "; B . A O. 8. W . T erm in a l Oh. 5 a

- V . 68, p. 84 . 87.
B r o o k ly n R a p id T r a n s it — N assau E le c t r ic R ft.— SS5,000,000 Sew Stock .— T h e stock h old ers o f the B rook ly n R ip id
T ransit Co. w ill v ote F eb . 11 on a prop osition to in crease the
capital sto ck o f th e co m p a n y fr o m $20,000,000 to $15,000,000.
A portion o f th e n ew sto c k , estim ated at fr o m $8,000,000 to
$10,000,400, wit) be issued “ to p r o v id e th e m eans oi a b s o rb ­
in g the N assau E lectric R R .," and the rem ainder w ill be held
n the treasu ry it is believed fo r th e u ltim ate absorp tion o f
1he elevated roads o f B rooklyn an d th e C oney Islan d &
B rook ly n su rfa ce lin e .— V . 67, p. 1308; Y . 68, p. 130.
B u ffa lo H en era l E le c t r ic C o .— New Mortgage.— The s t o c k ­
h olders w ill v o te F eb. 1 on a prop osition to au th orize a g en ­
eral m ortg a g e u pon th e p rop erty , a cq u ired and to be a c ­
qu ired, se cu rin g an issue o f 5 per ce n t fo rty -y e a r g o ld bonds
to the a ggreg ate o f $2,400,000. to be issued in lieu o f the
present b on d s o f the corp ora tion to the lik e am ou n t, p u r­
suant t o the plan adopted fo r th e r e f a n d i o g o f the present
bonded in d ebted n ess.— V . 67, p. 1355.
B u r lin g t o n C ed a r R a p id s A N o rth e rn R R .—Bonds Called,
—T h e com p a n y has ca lled fo r red em ption and w ill pay on
A p ril 1 th e $825,000 o f C edar R apid s Io w a F alls & N orth
W estern first m o rtg a g e 0s o f 1880.
B a rliog ton 0 R , &
N or. con solid ated m ortg a g e 5s o f 1884, it is u nderstood

186

T H K

C H R O N IC L E .

h ave been sold to replace them , e ffectin g a saving in th e
co m p a n y ’s interest ch a rge o f a b ou t $8,350 per a n n n m ,— Y.68,
p. 40.
C e n tra l U n io n Gas Co.— N a tu ra l Gas C o n s o lid a tio n .—

Consolidation Plan.— A. com m ittee con sistin g o f F . P. O lcott,
Cbae. F . D letericb, A n th on y N. B rady, J oh n Sloan, Sam uel
T h om as, E. C. B en edict and Sam uel T h orn e, has arran ged
that this com p a n y , to be organ ized u nder th e law s o f N ew
Jersey shall unite the com panies nam ed h ereinafter and
others in Central and Southern Indiana and O hio, con trollin g
illu m in a tin g gas, natural gas and electric-ligh tin g com panies,
properties, plants and franchises in that section. T h e n ew
com p a n y w ill be authorized to issue capital stock as fo llo w s :
7 per cen t cu m u la tive preferred stock, $30,000,000; com m on
stock , $30,000,000.
O f this authorized capital. $5,000,000
each o f preferred and com m on are to be retained in the
treasury to provide for con tin gen cies; fo r th e purchase o f
addition al properties; or f o r extensions, im provem ents, etc.
T he com panies to be a cquired fo rth w ith are:
(1.) Indianapolis Gas Co.
(2.) Indiana Natural A Illuminat­
ing Gas Co.
(3.) Fort Wayne Gas Co.
(4.) I/'cansport & Wabash Valley
Nr, - Gas Co.
(5 .) Lafayette Gas Co.
<6.) Ohio A Indiana Gas Co.
(7.) Dayton Gas Co.
(8.) Tippecanoe City Gas Co.

(9.) Covlnzton Gas Oo.
(10.) New Weston Gas Oo.
(It.) Fiqua Gas Co
(12.) 8idney Gas Oo.
(13.) Tro? Gas Co
(14.) Sprlnglleld Gas Oo.
(15.) Urbana Gas Co.
(16.) 8outU Charleston Gas Co.
(17.) Jtt. Sterling Gas Co.

The assent o f a m a jority o f all th e stocks and bonds o f the
first six com panies m entioned has been secured to the p la n ;
and, in the case o f the last eleven com panies, con sen t in r e ­
spect to every share and b on d has been obtain ed. A lth ou g h
a sufficient .number have assented to m ake the plan operative,
it is desirable to m ake it unanim ous if possible. H olders are,
th erefore, invited to exch ange their stock s and bonds for the
preferred and com m on stock o f th e C entral U n ion G as Co.
upon th e fo llo w in g term s:

1
Old
>—To rec’ ve new shares—,
Common.
Constituent companies.
capitalization. 7% p ref.
Indianapolis Gas, 8% stock.............$2,000,000 $2,200,< 00 $1,'90,000
600,000
500,000
IndlanaNat. A 111. Gas Co. 6% stock 1,> 00.000
1st mortgage 6s (hi. A N.), 1908.
820,000
656,000
174,000
For tWayno Gas 7% stock ............. 2,000,000
1,600,000
750,000
lstmort. 6s (J. A J.). 1925.......... 2,000,000
1,800,000
200,000
Logansport AWab.V. Gas6% stook 1,750,000
1,050,000
875,000
1st mortgage 6s (J. A D.) 1925. . 1,750,000
1,400,000
350,000
Ohio A Indiana Gas Co. 6% stock.. 2,000,000
1,100,000 1,200,000
1st mortgage 6s (J. A D .), 1926.. 2,000,000
1,600,000
400,000
Lafayette Gas Co. 7% sto ck .......... 1,000,000
800,000
400,000
let mortgage 6s (M. A N .), 1924.. 1,000,000
800,000
200,000

A syn dicate h eaded b y P o o r & G reen ou gh has under­
taken to effe ct an exch ange o f n o t less than tw o thirds o f the
stock s and bonds o f all the con stituen t com panies, and to
secure the delivery o f the properties, plants and franchises
to the n ew com p a n y free o f indebtedness excep t as a b ove
provided . T o provide fu n ds w h erew ith to pay f o r securities
o f th e constituent com panies w hose h olders requ ire cash as a
con dition o f assenting to th e con solidation , the syndicate
has sold to Messrs. P oor & G reen ou gh $7,500,000 preferred
stock , w h ich was offered this w eek fo r su b scrip tion at par
w ith an equal am ou nt o f com m on stock , and was la rgely
over- subset ibed.
T he seventeen con stituen t com panies above nam ed, “ are
stated to b e earn ing at the rate o f a b ou t $3,500,000 net per
annum — an am ou nt a b ou t sufficient to p rov id e f o r dividends
at the Tate o f 7 per cen t u pon the preferred stock and 3 per
cen t upon tb e com m on stock to be issued in pursuance o f this
plan— w ith the p rosp ect o f a con siderable increase at once
from econom ies effected b y con solidation . T h e first six o f
the com panies have, since th ey com m en ced operations,
earned a b ou t $13,000,000, o f w h ich a bout 60 per cent has
been net and has been disbu rsed in a b ou t equal am ounts fo r
con stru ction , interest on bonds and dividen ds on the stock.
T he last eleven o f the com panies are n o w earning at the rate
o f over $900,000 per annum , o f w h ich o v e r $600,000 is n e t.”
C en trn i V e rm o n t U R.— Reorganization Notice. — T he
B aker Com m ittee notifies th e h olders o f 1st m ortga ge 5 per
cent bonds o f the con solidated H R . o f V erm on t that the
con tra ct o f Sept. 29, 1898, w h ich provides fo r the reorganiza­
tion o f the Central V erm on t R R . Co. has b ecom e operative,
and it is expected that the reorgan ization w ill be com pleted
prom ptly. B ondholders w h o d o n o t deposit their bonds
w ith the A m erica n Loan & T rust Co. o f B oston on or b e­
fore F eb. 15 w ill be entitled to n o benefit u nder this a gree­
m en t.— V . 68, p. 129.
•° ,- s
C h a rle sto n (S . C .) L ig h t & T r a c tio n .-CottBolidatiJTZJ’
Oas, Electric-Light and Street Railway Companies— The
B altim ore T ru st & G uarantee Co. is at the head o f a syn di­
cate w h ich has undertaken the con solidation o f the C h arles­
ton Gas C o., the Charleston Edison L ig h t & P ow er Co. the
Charleston C ity R y . Co. and the Charleston & Seashore R R .
C o. T b e stock h olders o f tbe gas com pa n y have accepted
(jm te generally the offer o f $20 per $25 share fo r their h o ld ­
ings. The con solidated com pa n y , it is u nderstood, w ill have
the nam e at the head o f this paragraph, and w ill authorize
th e u su e o f $2,500,000 stock and o f S2,500,000 five per cent
100 year gold bonds. O f th e la tter sufficient w ill be reserved
to retire, at o r b efore m a tu rity, a ll the bonds o f the c o n ­
stituent com panies, the present ca p ita liza tion bein g as
_
Stock.
Bonds
Chari.City Uy.$850,000 *740,000
Chari. & Sea­
shore K it .,.. 350,000
350,000
—V. 65, p. 1172.

T . Stock.
Bonds
Chari. Ed, L, <fc
P - - - - - - - ....$ 1 00 ,0 09 $125,0C
Chari. Gas Co. 698,150

[V o l . l x y i i i .

C h ica g o B u r lin g t o n
& Q n in cy R R . — Bonds Called .—
E igh ty -on e D en v er E xten sion 4 per cen t bonds d u e F e b . 1,
1922, o f $1,000 ea ch , and fifteen o f $100 each , h av e been draw n
fo r paym ent, and w ill be p u rch a sed a t pa r at th e N e w
E n gla n d T ru st C o., Boston, on F eb . 1.— V . 67, p. 1356.
C h ica g o & F o x L a k e E le c t r ic R y.—$300,000 Loan .— G o o d
progress w ith th e prelim in a ries is bein g m ad e and it is stated
on relia b le a u th ority th at th e lin e w ill be com p le te d and in
op eration b y J u ly 1 betw een C h ica g o and F o x L a k e, 51
m iles, o f w h ich 26 m iles w ill be operated b y e le ctricity . A t
som e p oin t n orth o f the c ity the passengers or cars w ill be
tran sierred a nd en ter the city o v e r one o f th s present lines
o f steam ra ilroa d . T he com p a n y has its a gen ts at w ork ,
and th e grea ter pa rt o f th e rig h t o f w a y ha3 been secured.
T he co m p a n y w ill m ake an issue o f $300,000 in b on d s to b u ild
the roa d . These are n o w en gra ved and w ill be p la ced in a
sh ort tim e. The officers are as fo llo w s : S. P. L ela n d. P r e si­
den t; R . E. T a y lor, S ecretary ; E. C. W eeks, T reasu rer; J.
W o o lr id g e , M anager. T h e n ew roa d w ill ca rry fr e ig h t as
w ell as passengers.— “ C h ica g o E co n o m is t.”
C h ica g o G re a t W estern By.— Meeting to Authorize $8 ,000,000 Debenture Stock, Refunding, E tc . —A n ex tra ord in a ry g e n ­
era l m eetin g o f th e h olders o f th e 4 p er cen t deben tu re sto ck
and o f th e 5 per cen t p referred “ A ” s to ck is ca lle d fo r J a n .
30 to au th orize th e issue o f $8,000,000 4 p. c d eb en tu re stock ,
to rank p ari passu w ith th e ex istin g 4 per cen t stook . I t is
proposed to app ly $7,192,159 o f th e p roceed s o f th is issue to
th e p a y m en t and retirem en t o f th e fo llo w in g in debted ness;
Chicago St. Paul A Kansas City Ry. prior lien 5 per cents
of 1889, subject to call on any Interest day at 105,
$2,823,150 at 105 equivalent to.............................................. $2,964,307
Seven p. o. equip, lease warrants, due various dates to 1901. 1,042,950
Cliioago Great Western Ry. equipment lease warrants, 5s
and 6s, due various dates to 1906 ..... ..................... . .............
170,358
Chicago Great Western equipment lease warrants due at
various dates up to 1903, but subjeot to oall at any time..
460,000
Sterling loan, 6s ($969,696 due In 1901 and $48),848 in
1902)............................................................................................... 1,454,544
Five per cent gold notes, due in 1903......................................... 1,100.000

T h e balance w ill p ro v id e fo r necessary ca p ita l exp enditu res
in th e years 1900 and 1901.
A t th e annual m eetin g in L o n d o n on Jan. 11 th e R ig h t
H on. W . L id derd ate, C hairm an, said th a t th e extra ord in a ry
m eetin g f o r the 30th inst. is ca lled in fu rth era n ce o f th e p o l­
ic y ap p roved at th e ex tra ord in a ry m eetin g last J a n u a ry, o f
red eem in g the term in a ble d eb t ra n k iu g ahead o f th e deb en ­
ture stock . T h e directors believe th a t the tim e fo r ca rry in g
ou t this p o licy is n o t distant. A ll, h ow ev er, sh ou ld u n ­
derstand th at, unless the red em p tion o f th e term in a b le deb t
can be effected on term s resu ltin g in a d ecid ed re d u ctio n o f
the in terest ch a rge, n o s tock w ill be sold, a n d th a t th e pu r­
poses stated in th e n o tice o f th e m eetin g w ill he strictly ad­
h ered to.
Additional Car Trusts, E tc .— T h e finance co m m itte e as­
sented last m on th to the pu rch a se o f ten lo co m o tiv e s and
700 b o x cars, at a co s t o f a b ou t $460,000. In p a y m e n t h ave
been issued o per cen t eq u ip m en t lease w a rra n ts, p a ya b le
part ea ch yea r to D e c ., 1903, b u t s u b je c t to ca ll at any tim e.
P resid ent S tick n ey asked also i h e a p p rop ria tion o f $1,004,203, o f w h ich lie exp ects to receiv e $200,000 fr o m deben tu re
stock p a id ou t in scrip dividen ds and fr o m the suspense a c ­
co u n t, lea v in g $804,203 to b e p ro v id e d oth erw ise. A s $120,227 is req u ired to m eet m a tu rin g o b lig a tio n s, th e n et in crease
o f lia b ility is red u ced to $684,076. T h e finan ce com m itte e
a u th orized th e ex p en d itu re, b u t as th ere w a s stron g feelin g
again st any m a teria l in crease in th e a m ou n t o f five yea r
n otes ou tstan din g, an en dea vor w ill be m ade to sell d eb en tu re
stock , o f w h ich a sufficient a m ou n t rem ains in th e treasu ry
o u t o f an issue a u th orized in M ay, 1895. S h ou ld a n y notes
be issued th ey w ill be m ade red eem a b le at th e op tion o f the
com p a n y .— V . 68, p. 82.
C h ica g o R o c k I s la n d & P a c if ic R y .— Sale o f Refunding
S tron g, Sturgis & Co. have pu rch a sed fr o m Speyer
& Co. $5,000,000 C h ica g o R o c k Island & P a cific gen era l 4 per
cen t bonds, w h ich have been reserved to retire a lik e a m ou n t
o f C h ica go & S ou th w estern 1st m o rtg a g e 7 per ce n t bon d s,
m atu rin g N ov. 1, 1899,—V . 67, p. 319.

Bonds.

C le v e la n d B e re a E ly r ia & O b e r lin By.— New Bonds.—
I h e com p a n y , it is stated, proposes t o m a ke a n ew m ortga ge
to secure $500,000 o f 5$ bonds, o f w h icb $373,000 w ill be reserved
fo r the retirem en t at or b e fo r e m a tu rity o f a like a m ou n t o f
d iv ision a l 6s. T h e rem ainder w ill be used fo r extensions,
etc. A line to R o c k p o r t a nd also a 12 m ile exten sion fr o m
* * ® H * ;to M edina are said to be u n d er con sid era tio n .
—V . 63 p. 793.
C le v e la n d C a n ton & S o u th e r n liy . — Meeting to Authorize
Preparation o f P lant Etc. —A m eetin g o f th e h old ers o f M er­
can tile T ru st Co. certificates o f d ep osit fo r C levela n d & C an ­
to 11 first m ortg a g e bonds w ill be h eld to da y at n oon , at
R o o m 325, 32 N assau Street, to a u th orize th e com m ittee, con~
sis tin g o f Charles A . P e a b o d y , J r ., H . L . T h o rn e ll and H.
K . P o m ro y u p on a cq u isition o f th e p rop erty at fo reclosu re
sale on F eb . 4 to pa y the p r io r liens, to a cq u ire th e n eeded
b ra n ch lines and to m ake im p rov em en ts; also t o em p ow e r
the com m ittee to prepare and a d op t a plan o f reorg a n iza tio n
and to ca rry the sam e in to effect, and to m a ke su ch eq u itab le d is tiib u tio n o f su ch n ew securities as m a y be p rov id e d
fo r in such plan. A n ew com p a n y w ill be org a n ized to tak e
ov er th e p rop erty, b u t it is u n derstood th e issuan ce o f a plan
fo r co m p le te reorg a n iza tion w ill be d e fe r r e d .—V . 67, p. 1356.
^ a8 L ig h t & H e a t in g .— Consolidation . —
T he $1,215,000 b on d s and $1,144,700 s tock o f th e C olu m b u s

J antjaby 38, 1899. J

T H E

C H R O N IC L E .

18 7

za tion co m m itte e as soon as possible. A s it is im p ra ctica b le
at th e presen t tim e to fo rm u la te an y plan o f reorga n iza tion ,
th e a g reem en t n n d er w h ich deposits are asked con tain s a
p rov ision th at a n y d ep ositin g b on d h old er m a y w ith d ra w his
bonds w ith o u t ch a rg e w ith in th irty days a fter the p u b lica tio n
o f the plan o f reorg a n iza tion , in case th e p la n is u n sa tis­
fa c to r y t o h im . D eposits sh ou ld b e m ad e b y F e b . 10.—V . 67,
The undersigned has caused to be incorporated a oompany under the p. 1356.
lairs of West Virginia, to wit: The Columbus Gas L ig h t* Seating Oo..
M e t r o p o lit a n T o b a c e o Co. o f N ew Y o r k C ity .— Incorpo­
which will hare a capital stook of $5,000,000, of whioh $3,300,000
will be 6 per cent non-emiinlatlve preferred and $1,700,00 >will be rated.— T h is com p a n y , w ith a u th orized ca p ita l s to ck o f
common stock. Tt is the purpose of this new oompany to acquire con­ <1,000,000, o f w h ic h <500,000 is p referred , w as in co rp o ra te d
trol of a majority In amount of the stocks of the Central Ohio Natural at A lb a n y Jan. 31. T h e d ire cto rs are:

0:33 Co. were listed on the N ew Y ork Stock Exchange tw o
years ago. It is now proposed to unite the managem ent of
that company (w hich manufactures its gas) with that o f the
Central Ohio Natural Gas & Fuel C o., the latter being a
natural gas company. The controlling com pany w ill be
known as the Columbus G is Light & Heating Co. A circu ­
la r issued by Emerson M cM illen says in substance:

Gas * Fuel Oo. and of the Columbus Gas Oo.. and for which will be
given one share of the preferred and one-half share of ha common
stock of the new company for each share of the Natural Gas Oo.,
one share of the preferred and one-fourth share of the oommon
stock of the new company for each share of the Columbus Gas Oo. It
la also the purpose of the new company to acquire additional natural
gas lands In the territory south of Columbus. It will endeayorto
acquire the natural gas leases recently made by the State of Ohio
along the Ohio Canal.
The stockholders consulted have concurred In the opinion that It Ls
not only a good thing to do, but an essential thing, if the present In­
trinsic value of the investments ls to be maintained. To participate
please deposit your stock with the Deshler National Bank, Columbus,
O., on or before Feb. 1 ,1899.
Below mention Is made of a rival corap »uy recently organise 1 wit h
the nsrne “ Federal Gas A Fuel Oo."—V. 87. » . 28

D elaw are k Hudson Canal. —Dividend Rate f o r 1S99.—
The report that the dividend rate for 1899 ha3 been fixed at
5 per cent is officially confirmed.
Gravity Road.—The G ravity R R . on Sunday ceased to be
operated with stationary engines. The gauge was changed
from narrow to standard, and the line w ill hereafter be
operated w ith steam locom otives and principally for pas
sengers, the coal traffic going over the Erie. See item and
editorial in CftROXlci.g or Nov. 5, 1898.— V. 87, p. 1034.
E n glew ood (N . J.) Has A E le c tr ic ,—Consolidation.—This
com pany was incorporated at Trenton, N. J ., on January 14,
to consolidate the E n glew ood E lectric L ight Co. and the
Bergen County G as-Light Co. Tae consolidated com pany
has an authorized capital o f <100,000 and, it is said, w ill issue
1300,000 of bond*.
E rie T elegraph Sc T e l e p h o n e .— New Rond*.—Poor & Greenongh offered th is week for subscription at
and accrued
Interest <3,00 t.OOO debenture Of gold b rods, being part o f
an authorized issue o f <5,000,000, The bond* offered provide
for the recent acquisition o f the M ichigan Telephone Co.
and for the necessary extensions in the territories o f the
sub-companies controlled by the Erie Co. The control of
t h e M ichigan Telephone Co. places under the management
o f the Erie Co. a total o f 51,200 subscribers. The Erie Co.
h a s now outstanding $7,900,040 o f bonds, as against <3,630,600 January 1, 1898.—Vol. 68, p. 40.
F ederal Gas A F n cl Co. o f Colum bus, O hio.— New Enter print .—This recently Incorporated Ohio com pany has elected
the follow in g officers: D. H, Kimberley. of;Clevelaad, Presi­
dent; F. W. K elly, o f Colam bns, Vice-President: C. L
K urtz, o f Colum bus, Secretary, and Charles O. Evarts, o f
Cleveland, Treasurer. The "C lev ela n d L ea d er” says :
The company I* capitalized at $2,000,000, and control* between
35 00O and 30,000 acre* of gas land. Including the Hocking Canal,
(recently »old by the State to E. M. Poston, of Columbus, and other
persona) In the southern part of the State, and extending for a distance
of about 13 miles through a ga* producing territory. The oompany
will immediately proceed to sink wells, and I* now negotiating for a
large amount o f pipe. The Brat pipe lino will extend to Columbus.
The company ha* the right of wav Into the etty of Columbus for a
pipe line. It contemplate* extending pipe* In the near future to
Cincinnati, Toledo and this city.

F lin t A Pere M arqnette R .R .— Dividend. —The company
yesterday declared a dividend o f 13 on its preferred stock,
payable February 15, the first dividend since 1893.—V. 87.

p. 1263.
G reat N orthern R y . — D ulntb M ississippi R iv er A
N orthern R. R —Reported Purchase.— A press despatch t esterday from Duluth, said: “ The G roat Northern Ry. Co, has
nrehaaed the entire holdings in Minnesota .o f the W rightiavis Syndicate o f M ichigan,with the exception o f their pine
lands; it therefore now owns the Dnlnth Mississippi River
& Northern R .R ., the Swan River Logging Co., and the
Mahoning Longyear aod Bennet mine*, near R ibbing. The
price is said to be <5,000,000. Negotiations have been under
way for several weeks, and yesterday in St. Paul the trans­
actions was closed.” —V . 63 p. 129; V . 61 p. 331.

f

Kansas City P ittsb u rg * G u lf R R ,— Kansas City S u b u r­
ban B elt R R .— Kansas City ShreTeport & G u lf T e r m in a l P o r t A rth u r Channel k Dock Co .— Readjustmeat ami Contolidatum.— R committee consisting o f Ernst Tbalmann,
Chairman : Louis Fitzgerald, J. Low ber W elsh, J. De Goeyen, Jr., W illiam L. Bull, An gust Heckacher and A rthur E.
Stilwell, has been appointed by a m ajority o f the holders of
the stocks and bonds o f the Kansas City Pittsburg & G u lf
R R . Co,, Kansas City Suburban Beit R R . Co., Kansas City
Shreveport & G u lf Terminal Co. and P ort A rthur Channel &
Dock Co., to devise and carry out a plan for the readjust­
ment o f the affairs o f the com pm ies by means o f consolida­
tion and otherwise.—V. 67, p. 1309.
Kings County Elevated Ry.— Deposit* o f Bond*.—The
holders of the first mortgage bonds o f the Kings Connty &
Fulton Elevate 1 railway companies are inform ed by the
Belmont com m ittee that “ in view o f pending negotiations
and for other reasons,” it is necessary for the proper
protection o f these bonds they be deposited with the G uar­
anty Trnst Co. and nnder the control o f the reorgani­

Adolph D. Bendhelm, Mlers B-ndkeim, Henry Bendhelm, Nathan
Wise, Julius G. Miller, Moses Weiastoofc, Heary Lehman, Llprnan
Arensberg, Casper tdtron and Arthur Stern, of New York City, and
Jacob Wolf, of Yonkers.

M in n e a p o lis & S L L o u is R R .— S p x ia l Meeting o f Stock­
holder* Feb. 1 4 .— A sp ecia l m eetin g o f th e stock h old ers is
ca lled fo r F eb . 14 at M in n eap olis to r a tify th e a ctio n o f the
d irectors in the pu rch a se and a cq u isition o f th e M in neapolis
N e w H im & S ou th w estern R R ., 20 m iles, and o f th e p ortion
o f th e W iscon sin M innesota & P a cific ex te n d in g fr o m
M orton , M in n ., to W a te rto w n , L23 m iles; a lso t o a u th orize
the < 25,000,000 m ortg a g e referred to in o u r la stissn e. U nder
this m ortg a g e <10,000,000 is reserved to refu n d all th e prior
liens and <2,500,00 >to retire the first p r e fe rre d s to ck , w h en
the d irectors m ay deem a dvisable, w hile f o r th e a cq u isition s
referred to a b ov e <5,300,000 bon d s are to be issued. T h e r e ­
m a in d er o f th e loan is t o be h eld fo r fu tu re req u irem en ts
u n der severe o ro v is lo n s .— V . 68, p. 130,
N a s h v ille C h a tta n o o g a * St. L o u is R y .— Dividend Passed.
—T h e co m p a n y w ill n ot pa y its usual q u a rterly d iv id en d n ext
m on th , the d ir e cto rs h a v in g ord ered th a t th e surplus earn ­
in gs be used to pay' f o r a d d ition a l eq u ip m en t and a red a ctio n
o f tbe floa tin g d eb t. T h e roa d is co n tro lle d b y th e L o u is ­
ville & N a sh ville, and p a id 4 p. c. per ann um in 1895 98 and
5 per cen t 1389 92, b n t in 1893 and 1894 o n ly 8?^ and 3>£ par
oen t re s p e ctiv e ly .— V , 67, p. 1055.
N ational E n a m e lin g & S ta m p in g C o .— E n a m el C o m p a n y
C on solid a tion . — Incorporated , — Phis co m p a n y was in c o r ­
porated a t T r e n to n on Jan. 31. T h e a u th orized ca pita l stock
is <10,000,000 7 p er cen t (pa ya b le q u a rte rly ) cu m u la tiv e pre­
ferred and <30,000,000 co m m o n . T h e co m p a n y ’s p rosp ectu s
says in su b sta n ce;
The four principal uraiinf soturles of enameled and tin ware goods
in this country, namel v : tn« st- Louis Stamping Oo. of st. Louis,
Kleckhefer Bros. Oo, of Milwaukee. Habennan Manufacturing Oo. of
New York and Maltha! Pogrom A Oo. of Baltimore. Wilt transfer their
respective properties to the consolidated oompany. There will bo no
mortgage or other Indebtedness on Its plants.
The oompany will authorise the sale of $2,000,000 of Its preferred
stock to raise $2,000,000 In ooeo for working capital. There will be
delivered with this preferred stock $1,001,000 or common stook. The
total Issue of stock to purchase the four plants and to tarnish the work­
ing capital will tie $7,375,00 Jpreferred and $15,100,000 common. The
preferred stock will represent only the actual va ue of properties trans­
ferred and ea*h contributed to the oompany, while thejearnlng capac­
ity, good will patents, trademarks and other manufacturing advan­
tage*. of which the new company will become the exclusive owner, ate
not taken Into account.
To pay the yearly 7 per cent dividend on tho preferred stook will
require am nal earning* of ontr $510,250.
Tho profits of the Mil­
waukee, New York emu Baltimore companies for tho year 1397
amounted to $773,000, and although the Bt. Louis concern, the oldest
and largest of tbe four, owing to largo extensions and reconstruction
of Its plants, did not make any considerable turnings for the year
1897. yet its average yearly earnings for the ten years Immediately
preceding 1898, amounted to $300,000.
It Is estimated that by means of this consolidation tho saving atone
In freights, expenses of administration and traveling salesmen will
be nearly. If not quite, equal to the annual dividend on the preferred
stock.
John P. Murphy, at Milwaukee National Bank, ls authorized to re­
ceive subscriptions.

N a tio n a l L e a d .— Dividend on Com m on — T h e d irectors
on Janu ary 10 declared a div id en d o f 1? on the com m o n
stock . T h e sam e amount, was paid in 1895 and 1893, b u t
there w as n o d istrib u tion on th e c o m m o n shares in 1898 and
1897.— V . 66 p. 381.
N a tio n a l T in P la t e & S ta m p ed 5V«re C o.— Incorporated,—
A rticles o f in corp ora tion w ere filed a t T ren ton , N . J ,, on
T h u rsd a y b y three con cern s, all b a vin t th e sam e in c o r p o r a ­
tors. v iz ., the N ational T in Plate O o., the U n ited States T in
P late O o. and the N ational T in P la te & Stam ped W a re Co.
T h e In corpora tors are: D avid G . R eid , W illia m B. L eeds and
Jam es B. D ill. T h e a u th orized capita l s tock o f th e N a t­
ion al T in P late & Stam ped W a re Co. is <10,000.003 o f 7 ner
cen t cu m u la tiv e preferred and <10,000,000 com m on . T h e
capital stock o f each o f the oth er com pa n ies is <125,000.
These orga n iza tion s are su p p osed to be orga n ized in opp osi­
tion to th e N ational E n am elin g & S tam pin g Co, in corp ora te d
on Saturday last, as a b o v e stated.
N ew O rle a n s T r a c tio n C o.— L oaf Instalment Called.— In
a ccord a n ce w ith the p'a n o f reorga n iza tion , h olders o f the
preferred and com m on s to ck are n otified to pay on or b efore
Feb, 10th, 1899, the th ird and last in sta lm en t o f 33J^ per
cen t o f tb e a m ou n t p a ya b le on th eir stock , n am ely <2 00
per share on th e p referred stock and | l 00 per share on the
com m on s to c k .— V . 67, p. 1208.
N ew Y o rk C en tra l k H u d son R iv e r R R .— Rumors D e­
nied.— Tbe rn m ors o f a p en din g con solid a tion o f the c o m ­
pany w ith th e C h ica g o & N orth W estern and the U n ion
P a cific h ave been denied b y th e lea d in g officials o f the sev­
eral com pa n ies, in clu d in g M r. D ep ew , M r. Sykes, and
finally on T h u rsd a y b y Mr. W . K . V a n d erb ilt over his o w n
sign atu re.— V . 67, p. 1309.

18 8

T H E

C H R O N IC L E .

fVoL. LXVIU ,

N ew York Ons te E lectric-L ig h t Heat & P ow er Co.—
E m p ir e City S u b w a y Co.— Increase o f Stock.—It was re­

o f em in en t cou nsel a t la w are q u oted t o th e e ffe ct th at
these patents a fford a p ra ctica l m o n o p o ly as t o th e pressed
T h e advan tages
cently announced (V. 67, p. 1263), that control of the Empire steel d ev ices em b od ied in car con stru ction .
City Subway Co. had been acquired in the interest o f the cla im ed f o r the pressed steel cars a re : (1) a sa v in g o f 4,000
New York Gas & Electric-Light, Heat & Pow er Co. A call pou n d s per c a r in dead w e ig h t: (2) th eir e x trem ely sm a ll
is now advertised for a meeting o f the subway company on req u irem en ts in th e w a y o f rep airs; (3) th eir lo n g life , 40
Jan. 81 to increase the capital stock from $1,500,000 to years it is cla im ed again st 15 years fo r w o o d e n ca rs; (4)
an orig in a l co st per ton o f ca rry in g ca p a city o f on ly a b o u t the
$1,750,000.
Neic Mortgage.—The New Y ork Gas & Electric Light, sam e a m on n t as th a t o f a w ooden ca r; (5) th eir la rg e ca p a city ,
Heat & Power Co. has arranged to make a mortgage to re d u cin g the n u m b er o f cars per tra in : (6) th eir com p a ra tiv e
secure $15,000,000 o f 5 per cent bonds. Of this total $11,- im m u n ity fr o m dam age in case o f a ccid en t. T h e prosp ectu s
500,000 is to be issued for the acquisition o f new properties con ta in s th e fo llo w in g as to th e con stitu en t com pa n ies:

and for enlargement o f plant. The bonds o f the Mount
Morris Electric Co. ($2,000,000 authorized) remain undis­
turbed, and as they are subject to call at 105 after Oct. 1,
1900, w ill presumably be then replaced by the new issue. So
far as now known the capitalization o f the new company (ex­
cluding the Kings County Electric Light & Power Co., if in­
deed that company is to be absorbed) includes the follow ing:
N ew Y o rk Gas St E lect rlo L ig h t, H e a t & P o w e r stock (auth o rlz e d ............................................................................................... $ 2 5 ,0 0 0 ,0 0 0
F lin t m o rtg a g e 5s (p resen t issue to be $ 1 1 ,5 0 0 ,0 0 0 )........... 1 5 ,0 0 0 ,0 0 0
P u rch a se m o n e y m o rtg a g e (E d ison shares as c o lla t e r a l)... 2 1 ,0 0 0 ,0 0 0
E d ison Electric*III. first as and co n so ls o u ts ta n d in g .............
6 ,5 0 0 ,0 0 0
M ou nt M orris E lectric L ight Co. 1 st M. g o ld 5 s, d u e 8ept.
1, 1940 (s u b je ct to ca ll a t 105 Oct. 1, 1 9 0 0 ), au th orized
$ 2,0 00 ,0 0 0 , o u tsta n d in g la st a c c o u n ts ....................................
9 8 8 ,0 0 0
- V . 68, p. 130.

N ew Y o rk P h ila d e lp h ia & N o r fo lk R R .— Authorized .—
T h e stock h olders on Jan, 24 a uthorized th e n ew securities,
e tc., as stated in ou r issue o f D ec. 81, 1898, page 1357.
N o rth e rn P a c ific R y .— Bonds Called .— In the C h r o n i c l e
this w eek are published the num bers o f 459 gen eral first
m ortga ge bonds o f the N orth ern P a cific R R . w h ich have
been draw n fo r the sinking fu n d , and w ill be paid at 110 and
accru ed interest on presen tation a t th e C entral T ru st Co.
Interest thereon w ill cease .July 1, 1899.— V . 68, p. 86.
O g d e n sb n rg T r a n s it Co.— Deposits Asked .—T h e holders
o f the $759,500 first m o rtg a g e 6 per cen t b on d s o f this com n y are requested to deposit th eir b on d s fo rth w ith w ith the
ternational T ru st Co., 45 M ilk Street, B oston. Charles H.
Cole, R . B. F u lle r and F. H . P rin ce, are a ctin g as the c o m ­
m ittee to p ro te ct th e loan, w h ich w as guaranteed b y the
O ld Central V erm on t and O gden sburg & L a k e Cham plain
railroad com panies, b u t w h ich w as n ot in clu d ed in the re­
organ ization o f either com pa n y .
O regon R a ilr o a d & N a v ig a tio n Co.— Listed .—>The N ew
Y o rk Stock E x ch a n g e has listed $447,000 add ition al con soli­
dated m ortga ge 4 per cen t g o ld cou p on bonds, m a k in g tota l
a m on n t listed to date, $19,481,000.
T h e a m ou n t o f first
m ortga ge 6s o f the O regon R a ilw a y & N a v ig a tion Co. has been
fu rth e r red u ced fro m $1,045,000 to $691,000.—V . 68, p. 41.
O regon S h o r t L in e R R .— U n ion P a c ific R R .— Exchance of
Stock.- T h e M ercan tile T ru st Com pany has issued the fo llo w ­
in g : “ H olders o f sto ck o f th e O regon Short L in e R R . Co.
m ay exch ange their shares fo r shares o f the increased co m ­
m on capital stock o f U nion P a cific R R . C o., share fo r share,
b y dep ositin g w ith the M ercan tile T ru st C o.. N o. 120 B roa d­
w a y. N ew Y o rk C ity, th eir certificates, d u ly endorsed in
blank and w itnessed or proved and stam ped as required by
the U nited States Internal R even u e L a w and pa yin g to the
cred it o f the U nion P a cific R R . Co. at the tim e o f such de­
posit the sum o f $3 per share. T h e p rivilege o f m akin g such
exch ange is s u b je ct to term in a tion at any tim e w ith ou t
n otice.” T he M ercan tile T ru st Co. w ill issue tem porary r e ­
ceipts to be exch angeable f o r the stock certificates o f the
U nion Pacific w henever the latter are listed on the N ew Yoi k
S tock E xch a n g e.— V . 88, p. 86.

P eoria D ecatur & E vansville R y .— Notice to Bono
holders.— The Scudder Committee notifies those secon
mortgage bondholders w ho have not withdrawn their bond
that until Feb. 1, 1899, they have the right—
per cent8° U tlielr certiflcates to the Colonial Trust Company at 1
come entMedth6lrCertmCatea sta™!,e<1 assented, and thereby to b(
whentesued*Ve S° P<Sr ° 6nt ° f thelr lloWlng8 in new common stocl
■ ^ p r o v i d e d fn

n eW p r e f e r r e ii a n d 0 0 m ™<™ 8t<” »

It such bondholders do not avail themselves of these rights on c
errtufeates. ' 18" ' U,ey W,U recelve 11 I,6rcent ° f «*• face of the!

.

amended plan was given in our issue o f Dec. 31

P it t s b u r g & W e s t e r n R y .— Bond Deposits.— M ore th a n
m a jo r it y o f th e 4 p e r c e n t first m o r t g a g e b o n d s h a v e bee

deposited with J. P. Morgan & Co. Further deposits inns
be made before Feb. 7 to insure participation, as later de
posits, if received, w ill be subject to penalty.— V. 67, p. 1264
* 1\ eHte,r n Ky- Co.— Listed.—The New Yor
Stock Exchange has listed $5,000,000 J. P. Morgan & Cc
engraved certificates o f deposit for first mortgage 4 per ceu

s S i5S .,- v .« ? p ^ “ 0Brt0f bonds t 0 1,6 rednced
w ' T ,9t d S ,e e l.C“ r Co.—Prospectus, Etc .— In the C hronicl
last week we noted the incorporation o f this new coni pan
and added a few statements from the company’s prospectn
regardm gtbe enterprise. Some additional data are* fnrnishei
company’s patents number 138 issued in tin
United States and 17 in foreign countries, and the opinion

T h e F o x P re sse d S teel E q u ip m e n t C o. ha d o rd e rs d u rin g th e y e a r
1 89 8 f o r o v e r 3 5 ,0 0 0 p re sse d steel tru c k s an d 2 8 .0 0 0 b o lste rs , th e
n e t earnim rs on w h ich w ill b e m o re th a n * 6 5 0 ,0 0 0 . T h e p re s e n t a ctu a l
c a p a c ity o f the w o rk s in Im p o rta n t p ro d u c ts Is 1 2 0 ,0 0 0 tru ok s p e r
y e a r, o r 1 0 5 ,0 0 0 b o lste rs p e r yea r. U n d e r th e co n s o lid a tio n b y a d d i­
tio n a l fa cilitie s n o w a rra n g e d f o r in th e P ittsb u rg h w o r k s, th e c a p a c ­
ity w ill b e in cre a s e d fro m 200 t o 4 0 0 tru ck s p e r d a y.
T h e S ehoen P re sse d S teel Co. ha s o rd e rs o n its b o o k s, u n fille d , a g ­
g r e g a tin g o v e r * 1 ,0 0 0 ,0 0 0 w o rth o f ears fr o m L a k e S h ore & .M ichigan
S outhern B y .. B a ltim o r e & O h io S o u th w e s te r n B y ., B a ltim o r e & O h io
B E ., P e n n s y lv a n ia E E .. P e n n sy lv a n ia C o., O r e g o n S h o rt L in e , P itts­
b u rg B e ss e m e r & L a ke E rie B E. a n d P itts b u r g & L a k e E rie B R . T h e
c o m p a n y h a s ju s t c o m p le te d e n la rg e m e n ts o f th e ir p la n t, d o u b lin g
th e ir o a p a o ity , and th e d em an d is so g r e a t th a t th e y a r e co m p e lle d t o
still fu r th e r in cr e a s e .
F o r this y e a r the c a p a c ity o f th e p la n t w ill b e :
1 2 ,0 0 0 steel ca rs , 1 8 0 ,0 0 0 b o lste rs , 3 0 ,0 0 0 t r u c k fra m e s, in a d d itio n
t o th e sm a lle r a rtic le s, suoh as cen tre-p Ia tcB , s ta k e p o c k e ts , c o m e r
b a n d s, e tc., w h ic h a re u sed o n w o o d e n ca rs . P r io r t o th e c o m p le tio n
o f th e n e w p la n t th e e a rn in g s h a v e b e e n o n th e b a sis o f a b o u t * 9 0 0 ,0 0 0 p e r annu m .

Since th e p rosp ectu s w as prin ted, co n tr a c ts h a v e been le t
for 1,000 cars f o r th e U n ion P a cific, 5,000 fo r th e B a ltim o re
& O hio and 500 fo r E g y p t.—V . 68, p. 131.
P u llm a n ’ s P a la ce C a r C o.— Dividend.— T h e co m p a n y has
declared its first div id en d at th e ra te o f
p er ce n t q u a r­
te rly , in p la ce o f 3 per een t as h ere to fo re . T h is is in a c c o r d ­
ance w ith the in ten tion o f the m an agers as a n n ou n ced last
fa ll at th e tim e th e 50 p er ce n t d is trib u tio n in s to ck w a s
m ade. W e are in form ed th at th e gross earn in gs s h o w an in ­
crease o f a bou t $100,000 a m on th co m p a re d w ith last year,
w ith o n ly a sm all increase in expenses.
Real Estate.— The ru m o rs cu r r e n t a w eek o r tw o a ? o th a t
th e com p a n y w o u ld sell at a u ction th e rea l estate w h ich
th e la w s o f Illin ois fo r b id it to h old , o r w o u ld tu rn it o v e r to a
rea l estate com p a n y , w h ose shares w ill be d istrib u ted to th e
P a llm a n stock h old ers w ere at th e tim e o fficia lly p ron ou n ce d
to us as w ith o u t basis o f tru th .
T h e co m p a n y has d i­
vid ed its surplus and has n o fu rth e r “ m elon s to c u t .” W h a t
len gth o f tim e th e C ou rt w ill a llo w f o r th e disp osal o f th e
real estate w as n o t then k n ow n , b u t it w as supposed th a t
fro m th ree to five years w o u ld b e a llo w e d and con su m ed in
the operation. “ P u llm a n ” w a s n ever an in corp ora ted tow n .
It w as m erely a la rg e p iece o f priva te p rop erty , a n d w h ile
re g re tfu l that M r. P u llm a n ’s idea o f a m o d e l c ity , fre e fr o m
g r o g shops and oth e r nuisances p e rm itte d b y th e ord in a ry
m u n icip a l au th orities, ca n n ot b e ca rrie d ou t, the m a n a gers
believe th at, in a financial w a y , th e com p a n y w ill be benefited
th rou gh this m erger w ith th e c it y o f C h ica g o, th e rea l estate
ca rried b y th e co m p a n y a t a sm a ll va lu a tion th ereb y be­
co m in g c it y lots. T h e latest ru m o r is th a t a real estate c o m ­
pan y, k n ow n as th e C h ica g o C anal & D o ck C o , m a y be u sed
as a m ed iu m th rou g h w h ich th e sale o f the real estate w ill,
to a g rea ter or less extent, b e a cco m p lis h e d .— V . 67, p. 957.
R a p id T r a n s it In N ew Y o r k C ity. — Memorial o f Commis­
sion .— T h e R a p id T ran sit C om m ission on T u esd a y sen t a
lon g m em oria l t o th e L eg isla tu re re citin g a ll th a t has been
don e u nder th e R a p id T ran sit A c t and su g gestin g th e m eth ­
ods open at present fo r a cco m p lis h in g th e p u rpose o f th e A c t .
P resident O rr’s statem en t on these m atters w a s cited in on r
issue o f D ec. 10, page 1209.— V . 67, p. 1209.
R e a d in g C om p a n y .— Listed .— T h e N e w Y o r k S tock E x ­
ch a n ge has listed $1,952,000 a d d ition a l gen era l m o r tg a g e 4
per cen t g o ld co u p o n bond s, m a k in g tota l a m on n t listed to
date, $62,456,000. T h e issue o f these $1,952,000 b on d s w a s
m ade as fo llo w s : $452,000 to retire o ld bonds p a id a n d c a n ­
celed , v iz ,: $200,000 D ela w a re R iv e r T erm in a l b on d s, $119,000 o f th e ten -year sin k in g fu n d b on d s and $133,000 g rou n d
rents a n d b on d s; th e rem ain in g $1,500,0 0 o f the said gen era l
m o rtg a g e bon d s are a p ortion o f th e $20,000,080 bon d s re ­
served fo r n ew a cq u isition s and betterm en ts. “ T h e p o lic y o f
the R e a d in g com pa n ies is to ch a rg e t o th eir op era tin g e x ­
penses all gen era l im p rovem en ts o f th eir existin g p rop erty,
and also to ch a rge in th e sam e w a y sufficien t am ou nts fo r
m ain ten ance a n d ren ew al o f eq u ip m en t. T h e d ev elop m en t
o f business, h o w e v e r, requ ires la rg e a d d ition s to term in a l
fa cilitie s at P h ila delp h ia (in clu d in g n ew w harves, etc.), a n d
to th e eq u ip m en t o f th e ra ilroa d , and it is in ten d ed t o u se
these $1,500,000 bon d s fo r these and oth er like pu rposes w h ich
are exp ected to d ev elop an increase o f business sufficient t o
ju s tify th e exp en d itu re.” — V. 68, p. 86.
R ic h m o n d P e t e r s b u r g & C a r o lin a R R — S e a b o a rd &
R o a n o k e R R .— Mortgage fo r S3,500,000. —T h e R ich m o n d
P etersb u rg & C a rolin a R R . Co. has filed a m o r tg a g e to th e
M ercan tile T ru s t & D eposit Co. o f B a ltim ore as tru stee t o
secure an issue o f first m o rtg a g e g o ld b on d s f o r $3,500,000.
T h e bon d s are $l,0ftn each , bear 5 per ce n t in terest and m a­
tu re Jan. 4, 1949. T h e ro a d is to be 103 m iles in len gth , e x ­
ten d in g fr o m a p oin t in N o rth C a rolin a on th e R a le ig h &
G a ston R R ., n ear R id g e w a y , t o and th ro u g h th e cities o f
P etersburg, M anchester and R ich m on d , t o a con n ection w ith
the R ich m o n d F r e d e rick s b u r g & P o to m a c R a ilw a y , iu s t
n orth o f R ich m on d .

J aM7ABV 28, 1899, J

T H E

C H K 0 N 1 C L R

18 9

The R ichm ond Petersburg & Carolina R R . was recently James R iver and to erect a pulp m ill, F. C. Todd is Presi­
reported in a d a i'y paper as h aring been leased to the Raleigh dent.
V irg in ia Ir o n Coal & Coke Co .—Neiv Coal & Iron Co.—
& Gaston R R . Co. for twenty years. This report may p er­
haps have been premature, but at all events the line is u n ­ This com pany ha3 been organized w ith a capitalization of
derstood to be intended as an extension of the Seaboard & $7,500 009 stock (all com m on) and $7,500,000 o f 50-year five per
Roanoke system. Cue o f the new owners o f the latter is cent gold bonds, and has acquired the follow in g properties;
quoted as saying that construction w ill be pushed as rapidly South Atlantic & Ohio R R ., B ristol to Big Stone Gap, 71 m iles;
Bristol & Elizahethton R R , 22 miles: furnaces at Bristol,
aa possible,—V . 67, p. 843; V , 63, p. 181.
Roanok°. Salem. Pulaski, Maxcneadows and Marion, Buena
R u b b er flood s M an ufacturin g Co.—JVeie Consolidated
Company.—This company was incorporated at Trenton, X. Vista. Radford, Graham and other points: also 125,000 acres
J ., on Thursday. Its authorized capital stock is $25.000 000 o f coking coal, 65,000 acres ore lands. A ll the property w ill
be developed as quickly as possible, and w ill be under the
o f 7 per cent accum ulative preferred stock and $ 5.0(10,000 o f
management o f President George L. Carter o f X e w York.
com m on stock. The incorporators are:
The new com pany has been financed by a syndicate headed
Charles Stewart Smith, director of the Halted State# Rubber Co.;
Charles H. Dale. President of the Peerless Rubber Manufacturing by Messrs. M oore & Schley.
Co.; Henrc Steers, Alvah Trowbridge, Ulysses D. Eddy, George W.
Wabash R a ilroa d Co.— New first mortgage— Des Moines
Bebard, R. I. Edwards, Percy Chubb. Herbert J. Davis. Thomas Rus­ Division.—The com pany proposes to build a new line fro m
sell. Ansel L. White, George S. Dearborn, and Camillas G. Kidder.
Moulton, Iow a, to Albia, Iow a— a distance o f about 37 m iles
Charles R . Flint, organizer and Treasurer o f the United —there to connect w ith the Des Moines & St. Louis R y .,
States Rubber Co., w hich manufactures moat o f the rubber 6 6 ji miles, already con stru ctel. This w ill g ive the c o m ­
footw ear in this country, is quoted as follow s:
pany a new line o f about 9 8 miles, w ill shorten the dis­
Some time ago I was requested to undertake the organization of the tance to Des Moines about 24 "miles, as com pared w ith the
company, and now that it has been organized wo will hold the matter
open for perhaps ten days to give all who "desire an opportunity to present line o f the W a b ish by way o f Ottumwa, and w ill
oom einrolt Then the plan i« to be pat In active operation. 1 am save a rental o f about $18,00) per annntn, paid to the R ock
not willing to say at present what companies have sign tiled their In­ Island,
tention of Joining the new oompany, but I may say th»t the police of
The company also proposes to build a new line from East
the Rubber Goods Manufacturing Company is not to acquire a llo t
the companies engaged In the manuf acture of rubber goods, bat to ac­ Hannibal, Illinois, to Q tincy, Illinois—a distance o f about
quire properties that have demonstrated a capacity to manufacture 17 miles, and at the same time to acquire valuable terminals
goods cheaper than their competitors. By the eomidnatlon of
such concerns and through the securing of special facilities for ob­ at Quincy. The construction o f this line w ill give the c o m ­
taining crude rubber, It U expected that I he cost of producing rubber pany the shortest line between Q uincy, 111., and Kansas
goods can be still further reduced,
City, M o., and at the same tim e enable the Wabash to ter­
Staten Islan d Rapid T ran sit K R .— M altlm ore A Ohio minate its present contract with the C, B. & Q. R R . Co. for
R R .—Proposition to Holders Second Mortgage ,5s.—O f the the use of the line between Camp Point, HI., and Quincy,
The cost o f
$2,500,000 o f second m ortgage 5s. all except $5,000 have been saving therebv a rental of $22,000 par annum.
deposited under the agreement issued by Hall gar ten & Co. the new line from East Hannibal to Q uincy, including ter­
minals, w ill be abont $300,000. This line and its terminals
This firm ndw .iv e s notice o f the follow in g offer •
The Baltimore 4 Ohio RR. Co. (a* reorganized) will purchase the w ill be m ortgaged to the trustee o f the Des Moines Division
The W abash
bonds at par and Interest in cash, la live years, and In the meantime 1st m rtgage for the sum named ($300,000).
guarantee Interest thereon at t per cent per annum. In consider*
R R . Co. has authorized a m ortgage to be known as the Des
lion thereof, the B 4 0 . (as reorganized! is to have the right to pur­
chase the bonds st any time within each live years, at par and interest Moines Division 1st mortgage for $1,800,000, w hich w ill cover
D e­
tn cash, upon thirty days* notice. In rase, during said live y t ars, a plan the new lines, terminals anil equipm ent noted above.
-eanizstion of the Blaten Island R. T. RR. shall be issued ducting the estimated cost o f the Q uincy terminals (about
with the approval of the B. 4 O., that company will secure for the $125,000) and the rollin g stock, the m ortgage w ould be less
bondholders the option tor two weeks to take the new securitlee
thereby p ovtded in Hen ef the cash price as above stated
In case, than $13,010 a mile. In case the com pany can make ar­
however, the mortgage seeuring the boads should be foreclosed, new rangements with the C. B. & Q. R R . for the nse o f their
4 per cen' bonds to the same amount shall be created having the same line and terminals in Quincy, tne line from East Hannibal to
lien npon the sain# proper y. and the agreement or the B. 4 O. (as
Quincy may not be bm lt. and the m ortgage w ill be m a d e fl,reorganized) shsll apply equally to such new bond*
The agreement will not become effective unless all the bond*, or such 8<X),0OO instead o f $1,800,000. The new bonds under the
lesser amount as the H. 4 O. Reorganization Managers shall approve, mortgage, w hich w ill be forty-year g old 4 percents, have been
assent thereto, and have their bond* stamped accordingly at the Cen­
tral Trust Co. At the time of such delivery of the ezlstlng bonds, or sold to Messrs. J. & W . Seligman & Co. The sale discharges
new bonds, the overdue Interest on the bonds, represented by the cer­ ail the floating debt and reduces the am ount o f equipm ent
tificates of deposit, will be paid In cash at It* face value, with tntere*t. notes outstanding.— V . 67, p. 1338.
Certificate holder* not beard from w ithin fou r week* from
W il lia m s p o r t (P a .) fla s Co.— Officers and Mortgage.— H.
Jan. 27 w ill be held to have assented. The agreement makes E. Gaw trv has been elected President, Hon. Henry C. M c­
bii ding on all the deposited bonds any plan accepted by 75 Cormick Vice-President, and Mr. T. W. Stephens, o f W ilson
per cent thereof.—V. 68, p. 86, 84, 87.
& Stephens, Treasurer. The $350,000 first m ortgage 5 per
St. Paul A Duluth R R .— Listed,—The X. Y. Stock Exchange cent lionds w ill probably be ready for delivery shortly after
ha* listed $1,000,000 first consolidated m ortgage 4 p e rce n t Feb. 1st. They are dae Feb. 1st, 1939. Interest is payable
(F. & A .) at the office of the Trustee, the Fidelity Insur­
bonds, 1 to 1,000, inclusive.— V. 68, p. 131.
S tu ttg art * Arkansas Itire r R R .,—S>li .— At the fore­ ance, Trust & Safe Deposit Co., at Philadelphia; also in N ew
closure sale January 19 the property was purchased by Y ork .—V . 67, p. 1810.
Theodore C Sherwood o f Kansas City for $56,(00. A . C.
W rlghtsTlIle * Tenni l l e R .R .—Oconee * W estern R .R .
Barstow o f Providence. R L , and others. It is said, w ill re­ —Purchase—T h e stockholders o f the W rightsville & Tennille
organize the dompany and extend the road.— V. 67, p. 1858,
R R. on January 10 confirmed the recent purchase o f the
Tennessee Coal, Iron 4 R .R .— Refunding. E tc . — Arrange­ Oconee <SW estern R R ., and authorized an increase o f its ow n
The Central o f
ments have been com pleted for the retiring o f $700,000 o f tbo capital stock from $125,875 to $300,000.
com pany’s 7$ bond* that are subject to call, namely the Georgia ow ns $70,250 of the present issue, including all the
$70,000
preferred.—V
.
67,
p.
902.
$400,000 Eureka and $300,000 A lice loans. Vice President
Shook, is quoted as saying that the demand for all o f the
com pany's products has been pnenomenally large and that
— Messrs. Spencer Traak Sc Co, have issued their annual
ts export business is especially gratifying, 1 /0 0 tons o f pig pamphlet o o listed railroad and industrial securities, and
iron being daily marketed abroad.—V , 67 p. 801.
w ill h - glad to send copies to applicants.
T rust C om panies In New Y ork and B r o o k ly n .—In the
—The Jefferson & Clearfield Coal & Iron Co. has declared
I nvestors' S upplement for January, issued w ith to-day's a dividend o f 2)#£ per cent on the preferred stock of the co m ­
C hronicle , w ill be found on pages 165 to 168 the reporta’ of pany ont o f the net earnings for the six months ending Dec.
the New Y ork and Brooklyn Trust Companies as o f Dec. 81, 31, payable February 15 next.
1898, JuDe 80,1898, and Dec. 81, 1897.
—The fifty fou rth annual statement o f the Mutual Benefit
U nited States M ortgage A T rust Co.— L is te d —The New L ife Insurance Company o f Newark, N. J., of which Am zi
Y'ork Stock Exchange has listed $1,000,000 real estate first D odd is President, makes a favorable showing. T o the bal­
m ortgage collateral trust 4 per cent gold coupon bonds, ance, $81,096,824 32j Jan. 1,1898, is added $13,529,729 26 in
Series H, 1903 1918,—V. 67, p. 484, 487.
premiums, rents and Interest, and all expenditures were
United T elegraph Teleph on e 4 E le e trlc C o . - * 500,000 $9 285,251 98, so that the balance Jan. 1, 1899, was $64,341,301
60, and the total assets that date $66,219,976 49, w ith a
New Bonds .—'This company, whose office is at 1510 and 1511
M arquette Bnilding, Chicago, 111., has made a first mortgage legal standard surplus o f $5,394,189 71.
for $1,500 009 on its telephone property at H yde Park, Chi­
—Tbe annual statement o f the Atlantic Mutual Insurance
cago, to the C hicago Title & Trust Co., aa trustee. The tirat Co. issued this week w ill be found in our advertising columns.
issue w ill be $500,000 20 year gold 6s. A circular aaya:
The assets of the com pany stand at $10,874,983. Six per
r,f bo 0*1* Will b* t-SO^.noo to (XHoptete non»1 »It«. «q u lo s o d in
•*•*» 3,000 telephone Instrument* and ptiI adzi?
tub board. and by the terra* cent interest on the outstanding certificates o f profits w ill be
of tbe ttOfCcale f « « w h
1
Instrument* connected In a id Itlon paid February 7. The outstanding certificates o f the issue o f
to thfl llrtt S ,0 # jt J 6 o w o ia boaDii ib$ t b«
until the full
l* e x
1893 w ill be redeemed on the same date. A dividend o f
baa.*t<3<l find 10,(400 ’ pfrorm* supplied.
forty per cent is declared on the net earned premiums of
The com pany reports 500 telephones connected.
the company for the year ending December 21, 1898, for
V irg in ia E lectric Ry. 4 D evelopm ent Co. —New Enter­ which certificates w ill be issued on and after Tuesday, the
prise.—Mortgage f o r 1 1,500.000—The com pany has filed a second o f May next. The profits o f the Company revert to
mortgage to the Richm ond Trust Sc Safe Deposit Co. as the assured and are divided annually upon the premiums
trustee to secure an issue o f $1,500,000 o f bonds. This com ­ terminated during the year, thereby reducing the cost o f
pany was organized about tw o months ago with $1,000,000 o f insurance.
F or such dividends certificates are issued bear­
authorized capita] stock and absorbed the Southern E lectric ing interest until ordered to be redeemed, in accordance
Co. The plan is said to be to build a pow er plant on the with the charter.

T H E

190

C

J h c C o m m e r c ia l J i m e s .
" CO M M E R C I A L E P I T O M E ,
F r id a y N ig h t , J a n u a ry 27, 1899.
T h e b u llish sentim ent w h ich has been prevalen t in fin a n ­
cia l circ le s fo r som e tim e past has spread to and becom e
qu ite pron ou n ced in m ost staple produ cts. T h ere has been
co n sid era b le a ctiv ity to th e sp ecu la tiv e dealin gs and b roa d ­
en in g o f the m arket fo r grain and cotton , th e resu lt o f h eavy
b n v in g by outsiders fo r in vestm ent a ccou n t. T h is b u y in g
has also reached coffee, w h ich for the past fe w years has
sh ow n a gra d u a lly d eclin in g ten den cy, th e result o f o v e r­
p ro d u ction . M erchants and jo b b e rs in p r a c tica lly all lines
o f m erchandise h ave reported a free m ov em en t o f actual
supplies, w ith prices in the m ain fa v orin g sellers. T h e fa ct
that the Senate has set an early date fo r votin g on the ra tifi­
cation o f the Paris T reaty, has been receiv ed w ith satisfac­
tion by m any. A t th e close disqu ietin g rep orts relative to
the situation in the Philippine Islands had an u n fa vora b le in ­
fluen ce in specu lative circles.
L a rd on the spot has been in m oderate dem and, as b oth e x ­
porters and refiners h ave been lim ited buyers. P rices have
advan ced and the close was firm at 6 05c. fo r prim e W estern
and ;V40c. fo r prim e City. R efined la rd has b a d a m oderate
sale at firm er prices, closin g at 6'10c. fo r refined f o r the C on ­
tinent. S p eculation in la rd f o r fu tu re d elivery has been
m od era tely active, and prices h ave adva n ced on b u y in g by
com m ission houses and disin clin a tion on th e p a rt o f packers
to sell. T h e close w as firm and higher.
DAILY CLOSING PRICSS OF LARD FUTURES.

January.........................

Sat.
5-92

Mon.
6 00

Tues.
5*97

Wed.
5*97

Thurs.
5*97

[V ol . L X V I [I.

C H R O N I C L E .

Fti,
605

P o rk has hat! a fa irly la rg e sale and at h igh er prices. T h e
close was firm at $9
50 fo r m ess. C u t m eats h ave been
in o n ly lim ited dem and, b u t valu es have h eld steady, closin g
at 5i'g@5J£c. fo r pick led bellies, 14@10 lbs. average. T he d e ­
m an d fo r beef has been q u iet and valu es h ave been u n cer­
tain, closin g at $8 50@9 fo r mess, $10 5 0 @ 1 1 50 fo r fa m ily and
$14 50@15 50 fo r mess. T h e dem and fo r ta llo w has been m od ­
erate and p rices have advan ced to 4J^c. O leo stearine has had
a lim ited sale at steady prices, closin g at 5 % c. L a rd stearine
has advanced to 7c.
Cotton-seed o il has been in fa irly
a ctive dem and fo r export, and prices h av e adva n ced to
24@24J£c. fo r prim e ye llow . B a tte r has been in m oderate
dem and and steady. Cheese has had a fa ir sale at fu ll values.
F resh eggs have been in fa irly fu ll supply and easier, closin g
at 18}£c. fo r ch o ice W estern.
B ra zil grades o f coffee have had a fa ir d istrib u tin g sale,
the co u n try trade tak in g supplies o f th e lo w grades w ith som e
sh ow o f freedom , and prices h ave advan ced. T h e m arket
fo r in voices has been m od era tely a ctive and firm er, closin g
at 6 % c. fo r R io No. 7 on the spot. W e s t In dia grow th s have
been in m oderate dem and and steady at 8c. f o r 'f a i r Cucuta.
E ast In dia grow th s have had a m oderate sale to arrive,
closin g steady at 25c. fo r standard Java. S p eculation in the
m ark et fo r con tracts has been d ecidedly m ore a ctive, par­
ticu la rly du rin g the latter part o f th e w eek and prices
have advanced on b u y in g b y outsiders fo r investm ent
a ccou n t. T h e close w as fa ir ly a ctive and firm .
T h e fo llo w in g are final asking prices :
jan ,............... . 5 000. |A p ril............... 5-85o. I A u g.................. 6-15o.
Feb.................... 5-60o. M ay..................5-POo. I Sept.................. 6'25c.
M ar................... 5-75o. I July....... .......... 6'05o. I Deo...... ............ 6-400,

R a w sugars h ave been firm er in response to stron ger ad­
v ice s on b e e t sugar fro m E urope. T h e close w as firm at
4,'^c. fo r cen trifu ga l, 96-deg. test, and 3 13-16c. fo r M uscovado,
89-deg. test. R efined nas been in fa irly a ctive dem and, and
firm at 5c. fo r gran ulated. Teas and spices have been in
fair dem and and firm er. O ther sla p le g roceries h ave been
firm .
K en tu ck y to b a cco has been q u iet b u t steady. S -ed lea
to b a cco has been in m oderate dem and and steady. Sales fo
the w eek w ere 1,500 cases as fo llo w s : 250 cases 1897 crop
Zim m ers, 16>s'@ 1 7 c .; 100 cases 1897 crop , D utch , 1 5 V c .; 25
cases 1895-96 crop s, P en nsylvania seed leaf, 12J^@18s,; 10
cases 1895 cro p , P ennsylvania H avana, 1 2 ^ c .; 110 cases 189:
crop , N e w E n gland H avana, spotted, 2B(385c.; 300 cases 189
cro p , W isco n sin H avana, 10@12J£c.; 250 cases 1898 crop
W iscon sin H avana, ll@ 1 2 o ., and 150 case 3 1897 crop , Stab
H avana, 12@15c.; also 550 bales H avana at 8 0 c.@ * l Ou ii
bond and 125 bales Sum atra at 8 5 c.@ $ l'6 5 in bond.
Business in th e m arket for Straits tin has been on :
fa irly liberal scale, and, reflecting stron ger ca b le advice
and on th e strength o f the statistical position, prices h a v
advanced, closin g firm a t 2 4 b f@ 2 4 ^ c. In got copper has ha<
a large sale and the ten den cy o f prices has con tin ued un
w ard closin g firm at 16@16J^c. Lead has had on ly a m od el
ate sale, b ut prices have a dvan ced, closin g firm at 4'35c fo
dom estic. Spelter has had a fa irly la rge sale, and price
have advanced to 5'85c. fo r dom estic. P ig iron has sold wit]
som e freedom and prices have been advan ced slig h tly , clos
in g at $11@12 25 fo r dom estic.
J
Pe.trolelU11 ha* been u nch anged , closin g at 7-40c ii
bb ls., 4-90c. in bu lk and 8-15c. in cases. N aph th a steady a
10c. Crude certificates h ave been du ll ; cred it balances hav
been steady at $1 16. Spirits turpentine has been m ore ac
tiv e and firm er clo sin g at 4 4 ^ @ 4 5 c . R osin s h ave been cmie
and easier at $1 35 fo r com m on and g ood strained. W oe
has been q u iet b u t steady. H ops h ave had a fa ir sale at fnl
values.

O

T

T

O

N

.

F r i d a y N i g h t , J a n u a ry 27, 1899.
T h e M o v e m e n t o f t h e C r o p , as in d ic a t e d b y o u r te le g r a m s
from th e S ou th to -n ig h t, is g iv e n b e lo w . F o r th e w e e k e n d in g
th is e v e n in g th e to ta l r e ce ip ts h av e re a ch e d 177,290 b a le s,
aga in st 207,595 bales la st w eek a n d 206,902 b a les th e p r e v io u s
w eek, m a k in g th e to ta l r e ce ip ts s in c e th e 1st o f S ep t., 1898,
6,677,722 bales, a ga in st 6,587,859 bales fo r th e sa m e p eriod o f
1897-8,s h o w in g an in crea se s in ce S ep t. 1,1898, o f 89,863 bales.
Receipts at—
Galveston........
Pex. City, &o.
New Orleans...
Mobile..............
Florida..............
Savannah.........
Bransw’k.&o.
Charleston......
Pt. Royal,&o.
Wilmington....
Wash’ton,&o.
Norfolk............
N’p’t News, cfeo.
New York.......
Boston..............
Baltimore........
Phlladel’a, «feo..

Wed.

Tutu.

Sat.

Mon.

3,332
.......
7,581
2,083
......
5,760
......
567
......
316
1,600

4,948 6,197 2,547
.........
.......
.........
9,099 10,608 11,974
718
1,954 1,218
.........
......
......
4,178 4,010 3,987
........
......
.........
92
958
851
.........
......
269
725
715
.....
2,265 2,724 1,731

279
1,883
......
375

143
2,584
.........
608

200
4,692

Thurs.

375
4,245
......
146

301

4,535
.........
7,729
610
3,696
151
1,314
1,527
386
2,101
......
389

Fri.

Total.

4,618 26,177
1,983
1,983
7,810 54,799
2,041
8,624
11,122 11,122
6,277 27,908
5,491
5,491
1,154
3,773
48
48
48
3,387
23
23
2,459 12,306
249
249
359
1,742
937 16,442
1,393
1,393
4
1,823

Tot. this week 23,776 27,462 30,309 27,289 22,438 46,016 177,290

T he fo llo w in g sh ow s th e w e e k 's to ta l re c e ip ts ,th e t o t a l s in c e
Sept. 1,1898, a n d th e s to ck t o -n ig h t , co m p a re d w ith la st y e a r
1898-99.
Receipts to
Jan. 27.

This
week.

1897-98.

Since Sep.
1 ,1898.

Galveston... 26,177 1,987,393
63,731
1,983
Tex. C.,&o.
New Orleans 54,799 1,618,545
8,624 210,869
MobUe.........
Florida......... 11,122 152,997
Savannah... 27,908 911,790
5,491 247,531
Br’ wlok.&o.
3,773 332,478
Charleston..
23,070
48
P.Royal,&o.
Wilmington.
3,387 280,128
1,238
23
Wash’n, Ac.
Norfolk....... 12,306 489,182
249
19,719
N'portN.,Ae
70,211
1,742
New York..
Boston........ 16,442 219,857
Baltimore. .
1,393
21,534
27,449
1,823
Philadel. Ac.

This
week.

Since Sep.
1, 1897.

40,711 1,584,235
2,879
65,188
74,347 1,931,738
12,706 282.185
6,408
81,770
18,937 956,667
14,786 177,831
9,770 397,728
209
51,017
2,895 286,770
37
1,060
7,755 468,461
927
13,110
3,930
59,467
6,996
134,680
3,148
45,627
2,269
50,325

Stock.
1899.

1898.

234,954

211,032

450,614
39,514

542,799
62,615

119,613
14,538
23,802

119.451
1,940
39,686

12,662

15,351

34,414
1,850
105,674
46,000
35,837
10,604

67,702
1,225
160,679
48,000
27,683
13,732

Totals....... 177,290 6,677,722 208,710 6,587,859 1,130,106 1,311,895

In o rd e r th a t co m p a ris o n m a y be m ad e w ith o th e r y e a r s ,
w e g iv e b e lo w th e to ta ls a t le a d in g p orts fo r s ix season s.
Receipts at—

1899.

1897.

1896.

1895.

1894.

Galves’n,<fec.
New Orleans
Mobile.........
Savannah...
Chas’ton, Ac.
Wilm’ton, Ac
Norfolk........
N. News, &o.
All others...

28,160
54,799
8,624
27,908
3,821
3,410
12,306
249
38,013

43,590
74,347
12,706
18,937
9,979
2,932
7,755
927
37,537

22,527
49,743
13,262
22,989
8,115
3,687
7,059
379
10,541

13,988
47,419
7,790
15,581
8,498
2,965
11,767
987
11,907

37,599
70,863
10,439
18,343
23,044
3,813
9,508
8,618
17,608

17,222
49,713
2,316
13,080
4,044
1,604
9,306
7,794
11,689

Tot. this wk.

177,290

208,710

138,302

122.902

199,835

116,748

1898.

Since Sept. 1 6677.722 6587,859 5540,093 4035,122 6218,385 4913,793

The e x p o rts fo r th e w eek e n d in g th is e v e n in g rea ch a t o t a l
o f 178,597 bales, o f w h ic h 80,734 w ere to G rea t B rita in , 18,423
to F ra n ce a n d 79,44) to th e rest o f th e C o n tin e n t.
B elow
are th e e x p o rts fo r th e w e e k a n d s in c e SeDt. 1, 1898.
i f eek Ending Jan. 27, 1899.

Exports
from —

From Sept. 1,1898, to Jan. 27,1890.
Exported to—
Exported to —
Great
Conti­ lotal
Great
France
France Conti­
lotal.
BriVn.
nent. Week. Britain.
nent.

G a lv e s to n ....... 33,471
T e x . City, &o..
New O rle a n s .. 17,161
M o b ile..............
2,160
P e n sa co la .......
Savannah ........
015
B ru n s w ick . ..
C h arleston —
P ort R o y a l___
W ilm in g t o n ...
N o rfo lk ..........
1,053
495
N’ n ort N „ & c .
N ew Y o r k .......
0,384
B o s to n .......... 10,21-7
2,491
B a ltim o re ___
22?
P h ila d e lp h ia ..
8an Fran., Ac..
408
T o ta l
T o ta l, 1897-98.

80,73*

650 22,927 57,043
247
247
9,803 19,477 46,441
6,300

2,115
555

3,317
12,837

10,707
13,452

8,800

8,800
1,053
•493
13,545
10,368
7,694
229
2,468

5,010
141
4,648
2,000

894,230 310,105
18,0S5
589,005 199,913
120,540
00,908 10,849
50,701 27,979
151,716
70,308
21,210
111,081
20,650
21,562
178,349 18,313
246,820
92,708
955
12,342
9,618

410.273 1.020,068
10,066
23,751
360,821 1,149,739
17,295 137,835
01,511 139,328
418,403 497,083
69,589 221,305
147,120 217,434
21,210
142,507 251,548
24,651
45,301
21,562
127.395 319,057
1,871 248,691
67,332 160,995
12,842
36,527
40,145

13,423 79,140 178,597 2,072.893 674,174 1,895,427 5,142,494

89,003 50,115

94,951 234,974 2,178,123 596,075 1,811,977 4,586,775

J

anuary

28

T H E

18S9.J

C H R O N IC L E .

l a a d d itio n t o a b o v e e x p o r ts , o u r te le g r a m s t o -n ig h t a ls o
g iv e us th e fo llo w in g a m o u n ts o f oob ton o n sh ip b o a rd , n o t
cle a re d , a t th e n orts n a m ed .
W e a d d s im ila r fig u res f o r
N e w Y o r k , w h ic h are p rep a red fo r o u r s p e cia l use b y M e s s r s .
L a m b e rt & B a rro w s, P r o d u c e E x ch a n g e B u ild in g ,___________
ON SHIPBOARD, NOT CLEARED BOB—
Jan. 27 at

Other
threat
Britain. France. Foreign

Coast­
wise.

84,199
119,631
32.000
7,100
14,500
20.000
5,350
42,000

366,415
115.323
87,613
16,702
25,014
14,414
100.324
79.491

Total 1 9 9 9 ... 110.336

48,030 135,241 31,173

324,780

805,326

Total 1898. . 109,808
87,532
Total 1897...

17,941 109,599 20.504
21.501 65.979 5.180

257,852 1,054,043
180,192
918,395

S p e cu la tio n in c o t t o n f o r fu tu re d e liv e ry has b roa d en ed
v e r y m a te ria lly th e past w eek . T h e tr a d in g has been d e ­
c id e d ly a c tiv e and th e te n d e n cy o f p rice s has co n tin u e d t o ­
w a rd s a h ig h e r basis, va ln es h a v in g a d va n ced to s lig h tly
a b o v e a s ii- c e n t basis. N a tu ra lly , a fte r th e a d va n ce w h ich
has b een e x p e rie n ce d th e past fe w w eek s, th ere has been
fr e e s e llin g b y re ce n t b u y ers to rea lize profits. T h e ou tsid e
p u b lic , h o w e v e r, has co n tin u e d t o s h o w co n fid e n ce in the
situ a tio n , and this d em a n d , to g e th e r w ith b u y in g b y shorts
to c o v e r co n tra cts , h as been o f su fficien t v o lu m e to ab sorb
th e o ffe rin g s and ste a d ily c a rry p rices to a h ig h e r basis, in
fa c t, th e u p w a r d te n d e n cy t o valn es in th e lo ca l m a rk et has
been su ch as to p la ce v a ln e s on a re la tiv e ly h ig h er basis than
in e ith e r N e w O rleans o r L iv e rp o o l,
A s a con seq u en ce
loca l dealers e x p e ct to see co n sid e ra b le co tto n a ttra cted to
th is m a rk et. D u r in g th e la tter p a rt o f the w eek a d v ices w ere
re ce iv e d fr o m the S ou th sta tin g th at in d ica tio n s w ere th at
th e re w o u ld toe a fr e e r m o v em en t o f th e c r o p d u r in g F e b r u ­
a ry, T h ese re p o rts p r o m p ted in crea sed pressu re fr o m lon g s
to sell t o rea lize profits. T o -d a y th e m a rk et w as s tr o n g e r
e a rlie r in the d a y o n co n tin u ed a ctiv e b u y in g b y ou tsid ers
f o r in v e stm e n t a cco u n t. T h ere w a s a lso som e b u y in g b y
N e w O rleans, a cco m p a n ied b y rep orts o f b a d w ea th e r in
T e x as. S u b seq u en tly, h ow ev er, th e d is q u ie tin g rep orts rela ­
tiv e t o the Situation in th e P h ilip p in e isla n d s p rom p ted fre e
se llin g b y lo n g s to realize profits, and n early all o f the im ­
p ro v e m e n t w a s lo st, final prices b e in g 3 t o 5 p o in ts h ig h er fo r
th e da y. C o tton on th e sp ot has been firm er: p rices a d va n ced
}£ c. on S a tu rd ay and on M on d a y, d e c lin e d 1-16 c. on T u esd a y
a n d adva n ced l-16e, o n W ed n esd a y . T h e c lo s e w a s firm at
6jMe» fo r m id d lin g uplands.
T h e ra tes o n a n d o ff m id d lin g , as e sta b lish ed N ov. 16,1893,
b y th e R e v is io n C o m m itte e , a t w h ic h g ra d e s o th e r th a n
m id d lin g m a y be d e liv e r e d o n c o n t r a c t , a re a s fo llo w s .
F a ir ..
. . . . . . . . . . . . ____ 0. lH o n Good Ordinary
.e .llig o ll
Middling Fair_____ _______
’ a on Good Middling Tinged....... Even
Strlot Good Middling....... .
"son Htrlot Middling Stained___ 733 oB
Oood Middling......................
>*00 Middling Stained.................. 7ia ofl
Strict Low Middling.- ......... ^tgoff Strict Low Mid. Stained... 1 oB
Low Middling.......... ............. "t« oil |Low Middling Stained....... ISiOB
Utrl at Oood Ordi nary.......... % off i

O n th is b a s is th e o ffic ia l p r ice s f o r a f e w o f th e g r a d e s fo r
th e p a st w e e k —J a n . 21 t o Jan. 27— w o u ld b e as fo llo w s .
UPLANDS.
Idar Middling___. . . . . . . . ------- O w l Middling-........... . .............
Middling F a i r ............. ............

S a t.

,HOKl Tucmj W e d

T ti.

F ri

5 * ,,
5*4
57, i 5 « u
6M
6 ',s
e x ,, 1 8 *
7 * ,. 1 7Vt

1 5*(»
5 is „
, 67*
i 8\
I 7*4

s>
5 !,„
6M
64t
7i*

n o n T o e . W ed

m ».

g * , , ! 5* m
5iC|gj 5 » V
fl>4
e\
7Vi
714

FtrrtrREs.— The h ig h e s t, lo w e s t a n d c lo s in g p r ic e s
F utures a t N e w Y o r k are s h o w n in th e fo llo w in g ta b le .

to

Leaving
stock.

Total.

1,080
16,291 15,102 51,726
49,245 29,928 22,965 17,493
None.
2,000 30.000
None.
600
5.500
1,000
None.
None.
5.500
9.000 None,
12,000
1,000
None.
7.000
None.
1.550
2.800
1,000
None
None. 17.000
25,000

New Orleans. ..
Galveston.........
Sayaxmab.........
Charleston-----M obile..............
Norfolk..............
New Y ork ....*.
Other ports—

19 1

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Th e VisiULE S u p p l y o f C o t t o n to n ig h t, as m a d e u p b y
ca b le and telegra p h , is sis fo llo w s . C on tin en ta l stock s, as w e ll
as those fo r G rea t B ritain and the a float, are this w eek's r e ­
turns, and con seq u en tly all E u ropea n figures are b ro u g h t d o w n
to T h u rsd a y ev en in g . B u t to m ake th e to ta l th e co m p le te
figures fo r to-n igh t (Jan . 27), w e a dd th e ite m o f ex p orts fr o m
the U n ited States, in clu d in g in it th e e x p o rts o f F rid a y on ly .
1899.
1898.
1897.
1896.
Stock at Liverpool.........bale*. 1,715,000 1,014,OOC 1,250.000 1,103,000
Stock at London........................
4,000
3.000
8.000
5.000
■it B rita in s to c k . 1 ,7 1 9,00 0 1 ,0 1 7 ,0 0 0 1 ,2 5 8 ,0 0 0 1 ,1 0 8,00 0
S tock at H im lit t K .....................
1 6 ,0 0 0
7 ,0 0 0
1 8 ,0 0 0
2 3 ,0 0 0
............ 2 9 7 .0 0 0
3 1 9 ,0 0 0
1 8 7 ,0 0 0 2 5 8 ,0 0 0
S to c k a t A m s te rd a m ................
3 ,0 0 0
3 ,0 0 0
7 ,0 0 0
9 ,0 0 0
S to c k at R o t t e r d a m ............. ..
200
300
300
200
S to ck at Antwerp................
8,000
7,000
11,000 12,000
S to ck at H a v re ......................
3 1 2 ,0 0 0
2 6 5 ,0 0 0
2 1 0 ,0 0 0 3 0 7 ,0 0 0
S to ck at M a rs e ille s ....................
4 .0 0 0
4 ,0 0 0
5 ,0 0 0
7 ,0 0 0
S tock a t B a r c e lo n a .....................
5 7 .0 0 0
6 7 ,0 0 0
5 5 ,0 0 0
7 0 ,0 0 0
S tock a t G en t,* .............
4 3 ,0 0 0
2 8 ,0 0 0
4 3 .0 0 0
5 5 ,0 0 0
S to ck a t T r i e s t e ...........................
1 1 ,0 0 0
2 ,0 0 0
1 4 ,0 0 0
1 6 ,0 0 0

Total Continental stocks . 751,200 732,300 558,300 756,200
Total European stocks ...2 ,4 7 0 ,2 0 0 1,749,300 1,814,300 1,801,200
India cotton ailo.it for Europe
50.000
28.000
57,000 140,000
AniM. cotton afloat for E’rope. 667.000 700,000 591,000 386,000
51, 1 6*1® 5®i, 1 5 » „
5®,.
57,«
Egypt, Braxli.Ao..aiU.forE'po
40.000
36,000
36.000
33,000
Low Middling’ . . , ..... . . ............. eh s I
6>,g 6h »
8M
Stock in United State* porta..1,130,108 1,311,895 1,098,587 989,500
Middling................. ................... 6 1*
a * ..
6=8
6 4*
» ■
Stock in U. 8. interior towns., 625,242 590,970 171.186 505,878
7
Good Middiloc,.......................... 6 a
|7
r*
8>*IS
77, , i 7>*
United StAtoa exports to-day..
34,377
30,473
20,327
30,680
Middling F a i r .* .,..................... 7»»
71*
7«4
7H
Total Visible supply...........5,016,925 4,146,638 4,098,100*3,949,258
STAINED,
S at. H o e T o e s W e d r h . F rl
Of the above, total* of American and other descriptions are as follows
A m erican—
Low M id d lin g...,......................
5
5
5
* » n !1 5
Liverpool stock ............ b a les.l,499,000 890,000 1,097,000 906,000
Middling .....................................
515.,
5 H „ 8 Ta
S '5is 51s,, j
Continental -took*................... 707,000 096,000 438,000 680,000
Strict Middling.......... . . . . . . . . . .
65,5
65.,
6®,* 6 * ,.
A
American alloat for Europe.
667,000 700.000 591,000 386,000
Good Middling Tinned........ . I 6H 1 6% i 6*,c 1 6% 1 6H
6%
United States -dock................... 1,130,100 1,311,895 1,093,587 989,500
T h e q u o ta tio n s fo r m id d lin g u p la n d a t N ew Y o r k on United States interior stocks 625,242 590,970 471,186 505,878
United States exports to-day..
34.377
30,473
20,327
30,880
J a n . 27 fo r e a ch o f th e past 33 y ea rs h a v e b een as fo llo w s .
Total A m erican ................4,762,725 4,219,338 8,786,100 3,498,058
1899. ...c , 6 %
1 8 9 1 ..
. . 0. 9M1 9 8 3 ..
..0.1589 Bacti
..C .1 0 L1, 8 7 5 ..
I
n
d
ia
n
,
B
ra
zil,
,t
c
.—
1890.. . . . . 1 t
1 8 8 8 ......
1982.........12
1 8 7 4 ..
....1 6 Liverpool Stork.......................... 116,000 124,000 153,000 197,000
1897......... 75,„
1889........ B7,
1831.........I l l * , , 1 8 7 3 ..
....2 1
4,000
3,000
8.000
5,000
1896......... 8 >4
1 8 7 2 ..
....2 2 London stock...................
1888.........1011, , 1 3 8 0 .. . . . . 12%
Continental at-cks ..................
44,200
38,300
68,300
76,200
1895......... 511,, 1897......... 9>*
1 9 7 9 ..
. . . . 9 7 „1371.........1 5 ^
India
afloat
for
Europe..........
50,000
23.000
57,000
140,000
133d......... 9*i *
1894......... 8 1,,
1878.........U V
1870.........25%
Egypt, p.raj.il, Ac., afloat.........
10,000
36,000
36,000
33,000
1935.........11-tj,
1393....... , 1*4
1 8 7 7 ...... I35,g I 8 6 0 ......2 8 %
Total East India, .to.......... 254,200 227,300 322,300 451,200
1392......... 7 » „
1884.........10li1s 1378.........131*
1863.........18 k
Total American,.......... . . . . 4 ,762,723 4,219,338 3/766,100 3,403,058
MARKET AND SALES.
Total visible supply...........5,016.925 4.446,638 4,088,400 3,949,258
■t'-sd.
3 ii3-.d.
Middling Upland, Liverpool..
3 5 ,.rt.
3<S2USales op S pot A Contract Middling Upland. New York..
6%c.
sqo.
514,6o.
Ftrrtnisss
S pot Marxist
47
md.
6
Rigd*
Egypt
Good
Brown.
Liverpool
S’td.
7k
a
.
M arket
CLOSED.
RzConCon­
6 7 ,gd.
Peruv. Rough Good, Liverpool
ek(l.
64,ed.
6 " , f/l.
Clqsbd .
Total,
port, sump. tract,
45,gd.
3^1 ssd.
Broach Fine, Liverpool..........
3 ‘ ;.d.
!» .« £
4(1.
37ls d.
4 3 ,6d .
Tlnnevelly Good, Liverpool...
3:imrt,
Saturday .. Firm at ^ adv.. Firm ............
IW~ T h e im p orts in to C on tin en ta l ports th e past w eek h a v e
Monday___steady at ig ad., B*rly steady.
300
41 3,500 3,841
Tuesday ... !E*ay at t , , tier. Steady . . . . . .
..
135
500
535 b e e n 131,000 bales.
Wednesday Steady at i,» ad. Firm ............
900
800
T h e a b ove figu res in d ica te an increase in th e co tto n in
Thursday,, Steady .......... . stead y. . . . . .
400
543
800 1,74*
Friday.......Quiet A steady. Steady. . . . . .
600
....[
237
837 sig h t to-n ig h t o f 570.887 b a ’ es as fc o m p a r e d w ith th e sam e
GULF.

Total.......L........ ........... . . . . .

S a t,

...

7001

961

6,300

F rl

7.901

date o f 1808, a ga in o f 938,,538 bales o v e r th e corresp on d in g
date o f 1897 and an excess o f 1,067,867 bales o v e r 1896.

T H E

16 2

A.T t h e I n t e r i o r T o w n s th e m ovem en t— th a t is the re ce ip ts
f o r the week and sin ce S ep tem ber 1, th e sh ip m en ts fo r t h e
w eek and the stock s to n ig h t, and th e sam e item s fo r th e
co rre s p o n d in g period o f 1897-98 —is set o u t in detail b elow .

Q u o t a t i o n s f o r M id d l i n g C o t t o n a t O t h e r M a r k e t s . —

B elow are closin g q u ota tion s o f m id d lin g c o t to n at S o u th e rn
and oth er p rin cip a l co tto n m arkets fo r each d a y o f th e w e e k .
3L08IWG QUOTATIONS FO S MIDDLING OOTTON ON-

Jan. 27.

»

a- p

a 5 * S '!

31
u S S i n o 3, js°» i w
c w§ a
£
B aSo?

►6®0 55s

®r •
■
K2 :
: >•
hh

Sp8 O
23

is

- - ■ !s a :
*3,
►•«:

Bs
• <r

63 6

® vj gj 9! ? f a

3?
g
«

H
O
*

&
7
3

S *

: 5 - -o
p

s:

*c8 tO ^ to
C. COtoto MtC© M
-W,*° -W
to*x©©w
W * cooiV>-Ve<ic*»«KM a^©cowt«®tf cgcpjo
^*C>*^JC0C0Q0nftrc0OC0O, CD05'X)t00CC‘-C«CCi-‘ rfkC0W, O^0CtvCOC.0j
^^^SoociK O ^cao^cxcocoa& ooocopcococoM O toti& 'C ccooxco

[V ol . LiXVlIT,

C H R O N I C L E .

3 ko
8 s*
*s-

Galveston...
New Orleans
Mobile.........
Savannah...
Charleston..
Wilmington.
Norfolk.......
Boston..........
Baltimore. .
Philadelphia
Augusta.......
Memphis___
St. Louis___
Houston.......
Cincinnati..
Louisville...

Satur.
5hi
57l«
5%
5%
5=8
511la
6%
6
tils
61,e
5ia
538
5%
55s

Mon.

Tues.

Wednes.

Thurs.

Fri.

51*16
59,e
■
r>ia
5is
5%
5*8
51-ha
6h
6H
6=8
63,8
oh
554
513,8
57s
5h

516,0
5h
She
5h
5h
5h
5 Ze
6%
6h
69,6
6h
5 i ! is

515,6
oh
59,8
5h
5h
5%
57s
66,8
6H
6h
6H
511,e
5%
0,0,6
5 78
5%

6
511,8
5h
5%
5h
534
6
6h
6H
6h
614
5n,e
513,6
516,6
57e
5%

6
Sihs
oh
5%
511,8
-■H
6
6h
6H
65s
6h
5Uie
51318
5i°ie
57s
5%

5 'he
57s
5h

ill
2 .*
£ *8
3
•£«
S' ~
* -a^coocr
m © m © m *cw *-© *© © © ©
©££© x
© cc5 y *-© w to^ - OMV ©popc totc^j^ «>® a <J© ©
1
C5*u"rffc'to"©'cC^f,'t^ © 00 00 tCOtOCC K>tC©M©<l©©<lH' c |

T h e clo s in g q u ota tion s to -d a y (F rid a y ) at oth er im p o rta n t
S outhern m arkets w ere as fo llo w s .

1 ^-4©ODcc®i»^©©c»,co©ooxc©^MfcOC»j*'JCOifk©®fc3-4©©©©

Columbus, Ga.

! w S * 5 ® © S § £ e © w N 5 K © © W M © © © « « © w © M w © .* » .w

|Columbus,Miss
515, |Eufaula------. . .
I
Little R o c k ....
6 >4
5% |Montgomery...

513
5ia
5*8
5H l

I Nashville.........
1Natchez...........
I Raleigh............
1Shreveport___

•51*
6*4
5 *a

W e a t h e r R e p o r t s b y T e l e g r a p h .— A d v ice s t o u s this
even ing b y telegra p h fr o m th e Sou th den ote th a t th ere has
C,i © W © © lfklfi-CWW>-, 03t0©WC»^WfiDGCa'N.G0sC>
been som e im p ro v e m e n t in th e w ea th er th e past w eek. R a in
has fa lle n in m ost lo ca litie s , b lit th e p r e cip ita tio n has on th e
OJ
© M
OHHH
to
H#*H
tO
tO
C0*-M»CM®' ©!-•; © CO©CMC© WM pi W
C*®©.fw h o le been ligh t. T h e tem pera tu re has been lo w e r. R e ­
Vet oc‘ " <10 : M© : V #- HWHCC<1 ©00©^Q©© COMCOolo © ©
ports fr o m T exas in d ica te th at fa r m w o rk has been retarded
© a w © ® © ! «^®| © '© © ^ © © t o —i^v* < ii^ © © © © b -coco© ®
to I CCtt^^H'd’ X © • ©©WMO.'WCCJ’ OtOi^tOOiX'J^tO^XtvW
by re ce n t u n fa v o ra b le m e t e o r o lo g ic a l con d ition s.
Galveston, le x a s .— S n ow has been gen era l o v e r th e pa n han ­
CO
MM
CO
HAtOH NMHH
HM M M#. ©
jop* to to H H p
dle. F a rm ers are as a ru le b eh in d w ith th e ir w o r k , b a d
, Iife
©
co
©
tolo
to
©
*o
oo
©
ifr
~
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•
’©©to®
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to
c
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it*
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M
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5
^U<il.Ol^ODO'OtlOi^Offi<05COO,H*dr-0'CMHOC©CiCOtCC>.OlO>
>3 «* w ea th er retard in g preparation o f g r o u n d fo r p la n tin g .
0 '© ( » » - a © c e H )(i.»dN.co<r- o o a ^ w ^ o i o o a ^ o ^ o ^ H o i w
8 -§ There- has been ra in d u rin g th e w eek to th e ex ten t o f t w o
gp S 15 in ches and sixty one h u n dredth s, on fo u r days. T h e th e r­
'Sj s
r f k M W M ©
M
tOM
M
M
oc<jm wtccM©toM^j<i©<Jw©i6»-to © © © © x < i coaoiceii- to
m om eter has a vera ged 54, th e h ig h e s t b e in g 70 a nd th e lo w ­
MtOCO© *“•!© MO© COto©<1 © Mtopo^vj ©^.^©OMO <1GOCC© © © ©
est 38.
or© ©'©"m'm © ©V'-o'cj"'*©COWoSo©"m a.'w'to© Vi a>asL* o © © C GO COCb
v ih ^ c. ® o ® o o r-© © © ® © -j©
© o © c “Om c © © to © © a -Palestine, Texas ,— It has rain ed on t w o da ys o f th e w eek ,
OI < (C H J1H c C 1^ r- a ^1N |1*H © c H •vt ci ' l Vi r- 0<a Cl Ol tv rfi NOtv <1
th e p recip ita tion re a ch in g th ree h u n d red th s o f an in ch . T he
—
i l j§l i. th erm om eter has a v era ged 47, ra n g in g fr o m 33 to 62.
S pjS
—WWW WHlt'M
to© to © ©
Corpus Christi, Texas. —I t has ra in ed on tw o da ys o f th e
g§' «h
•qi^W o:tO©fcO^©^-W tO ©X©©©if*--l©©M tO®©©X©W ©W 8
?»■Cc
^ j
m © ©C-s].©»OMM®if*M C0e®©©ils>Ci:©CC©®MscX©X<J©
w eek , to th e exten t o f e ig h ty -tw o h u n d red th s o f an in ch .
<!M©©tf-if».®©tO<J©if®<J©©tOtO©©©*-©©if>‘ © © X© W <ltO
_?L ? i A v e ra g e th erm om eter 52, h igh est 68, lo w e s t 36.
sParis, Texas.— C h an geable w ea th er d a rin g w eek . T h e
S Go
th erm om eter has ra n ged fr o m 26 to 63.
■
8
« © « # * ■ © © • GO© ! H «iC fiH O iC C sl#kM W H O ’ M W r ';y o O )H O )
to g.
© W © tO © to : © © I *►© tO*>4iC» W>“ I^ © © CCQC ^ CDOiHWC — ©
San Antonio , Texas .— W e have h ad ra in on on e da y o f th e
CO"
w -i ©©co©- co© ■ k © to© to<i <d© © m q ® a © © © mcj«<i ©©
w eek, the ra in fa ll rea ch in g fo u r h u n dredth s o f a-n in ch . M in ­
T he a b ove totals sn ow th at th e in terior stock s have de­ im u m tem pera tu re 30.
creased d a rin g the week 48,530 bales, and are to-n igh t 34,372
New Orleans, Louisiana .— It h as ra in ed on th ree days o f
bales more than at the sam e period la3t year. T he re ce ip ts th e w eek, to th e e x te n t o f tw en ty -on e h u n d red th s o f an in ch .
at all the tow n s .have been 9,665 bales less than th e sam e T h e th erm om eter h as a vera ged 51.
w eek last year, and since Sept. 1 th ey are 744,858 bales more
Shreveport, Louisiana .— T h e w eek ’s ra in fa ll has been o n ly
than fo r the sam e tim e in 1897-98.
a tra ce on tw o days. T h e th erm om eter has a v era ged 49,
ra
n g in g fr o m 31 to 68.
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S in c e S e p t . 1 ,—
Columbus, Mississippi.— There has been ra in on on e d a y
W e g iv e below a statem ent s h o w in g the ov erla n d m ov em en t
fo r the w eek and since Sept. 1, as m ade up fr o m te le g ra p h ic d u rin g th e w eek, to the ex ten t o f th ir ty h u n d red th s o f an
in
ch
. T h e th erm om eter h as ra n g ed fr o m 30 t o 78, a v e ra g ­
reports received F rid a y n ig a t.
T h e results f o r th e w eek
en din g Jan. 37 and since Sapt. 1 in the last tw o years a re in g 56.
Leland, Mississippi.— R a in has fallen d u rin g th e w e e k , to
as fo llow s.
th e exten t o f n in ety-six h u n dredth s o f an in ch . A v e r a g e
1898-99.
1897-98.
th erm om eter 44"4 h igh est 68 and lo w e s t 25.
Janu ary 27.
Meridian, Mississippi.— T h e con tin u ed w e t w eath er p r e ­
Since
Since
Week. Sept. 1. IFeefc. Sept. 1. ven ts prepa ra tion s fo r p la n tin g . I t has ra in ed on th re e days
o f th e past w eek.
Shipped—
Vicksburg, Mississippi.— We h av e h ad ra in on tw o d a ys o f
Via 8t. Louis............................ .
28,770 672,509 31,360 608,087
Via Cairo......................... ...........
20,030 297,316 10,994 246,735 th e past w eek, to th e ex ten t o f tw o h u n dredth s o f an in ch .
1,263
19,548 T he th erm om eter has a v era ged 48, th e h igh est b e in g 68 and
Via Rock Island........................
763
l,6CO
39,448
36,829 th e lo w e s t 31.
Via Louisville............................
5,731 116,032
3,528
79,748
Helena, Arkansas .— N o t m u ch fa r m w o rk is b e in g don e.
Via Cincinnati...........................
6.904
97,934
6,401
78,163
3,968 110,054
Via other routes, * o ................
5,764
97,569 T h ere has been ra in on one d a y d u rin g th e w eek , to th e e x ­
ten t o f tw e n ty fo u r h un dredth s o f an in ch , and th ere h as
Total gross overland............
66,166 1,333,293 60,910 1,166,679 been a lig h t fa ll o f sn ow on on e day. T h e th erm om eter has
Deduct shipments—
Overlana to N. Y ., Boston, Ac.
21,400 339,051 16,343 290,099 ran ged fr o m 25 to 59, a vera g in g 42 4 .
Between Interior towns.............
198
18,460
743
Memphis, Tennessee.— W e h av e h ad ra in and sn ow on o n e
19,644
2,490
Inland, &o., from South.............
34,642
635
22,786 da y o f the pas w eek, the ra in fa ll b e in g sev e n ty -fo u r h u n ­
Total to be deduoted.............
24,088 392,153 17,721 332,5 :9 dredths o f an in ch . A v e ra g e th erm om eter 45-6, h igh est 63,
low est 30.
Leaving total net overland*.
42,078 941,140 43,189 834,150
Nashville, Tennessee.— R a in has fallen d u rin g th e w eek , th e
p recip ita tion rea ch in g seven ty h un dredth s o f an in ch . T h e
• Including movement by rail to Canada.
T he fo re g o in g show s th a t the w eek ’ s n et o verla n d m ov em en t th erm om eter has averaged 44, th e h igh est b ein g 62 a nd the
this year has been 42,078 bales, against 43,189 bales fo r the lo w e s t 26.
Mobile, Alabama .— U n settled w eath er in th e in te rio r. W e
week in 1898, and th a t fo r th e season to date th e a ggregate n e t
have had rain on three days o f th e w eek, the r a in fa ll rea ch ­
overlan d exh ibits an excess ov er a year a go o f 106,990 bales.
in g on e in ch and six h undredths. T h e th erm om eter has a v­
eraged 49, ra n g in g fr o m 30 to 68.
1898-99.
1897-98.
In 8ight and Spinners*
Montgomery, Alabama . —R a in fe ll on th e first tw o days o f
Takings.
Since
Since
Week. Sept. 1. Week. Sept.
the w eek, to the exten t o f tw en ty -eig h t h un dredth s o f an
1.
in ch , b u t sin ce then th e w ea th er has been d ry a nd co ld . T h e
177,290 6.677,722 208,710 6,587,859 th erm om eter has ra n ged fr o m 30 to 62, a vera g in g 46.
Receipts at ports to Jan. 2 7...
Net overland to Jan. 27...............
42,078 941,140 43,186 83 4.150
Selma, Alabama .—W e h av e had ra in on three days o f th e
Southern consumption to Jan. 27 26,000 556,000 22,000 485,000
w eek , th e ra in fa ll rea ch in g seven ty-six h u n dredth s o f an
Total marketed....................... 245,368 8,174,862 273,899 7,907,009 in ch . A v e ra g e th erm om eter 46, h igh est 67 and low est 32.
Ulteriorstooka In e x c e s s ............ *48,526 521,123 *11,858 545,894
Madison, Florida .— It has ra in ed on tw o da ys d u rin g the
w eek, w ith ra in fa ll to th e exten t o f s ix ty h un dredth s o f an
Oametuto slghtdnrlng week. 196,842
262,041
Total In sight Jan. 27________
8,695,985
8,452,903 in ch. T h e th erm om eter has a vera ged 59, th e h igh est b ein g
78 a n d th e low est 39.
Horth’nsplnnerstak’gsto Jan. 27 56.C02 1,403,578 49,757 1,479,79.
Savanmh, Georgia .— R a in has fa llen on tw o da ys o f the
the w eek , to th e exten t o f tw e n ty e ig h t h un dredth s o f an
rV" IV
IVw r ^
4 . «
« •« «
OD V
a CO® ©OD
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§ hig!

srs
?r£ 3

J anuary

T H E

28, 18 98,]

C H R O N I C L E .

J93

i noli. T h e th e rm o m e te r has ra n g ed fr o m 31 to 74. avers g in g 53.
A u g u s t a , Georgia .— D em a n d f o r c o t to n a c tiv e .
W e have
h x ’ ra in o n t w o da ys o f th e past w eek , th e r a in fa ll b e in g
tw e n ty -o n e h u n d re d th s o f an in ch .
A v e r a g e th erm om eter
51, h ig h e s t 72, lo w e s t 30.
C h a r le s t o n , S o u th C a r o l i n a .— W e h a v e h ad ra in on tw o
davs d a rin g the w eek , th e p recip ita tion re a ch in g s ix t y -fo u r
h u n dredth s o f an in ch . T h - th erm om eter has a v e ra g e d 51,
th e h igh est b e in g 66 and the lo w e s t 34.
Stateburg, South Carolina.— It h as rained lig h tly on one
da y o f th e w e e k , to the ex te n t o f th ree h u n d red th s o f an
in ch . T b s th e rm o m e te r has a v era g ed 49, ra n g in g fr o m 25
to 72.
Greenwood, South Carolina .— T h era h as been ra m on t w o
days o f the past w eek , the p re cip ita tio n rea ch in g fo r ty -t h r e e
h u n d re d th s o f an in ch . T h e th erm om eter has ra n g e d fr o m
5 to 54, a v e ra g in g 4 i.
I n d i a C o t t o n M o v e m e n t f r o m a l l P o e t s .— T he receip ts
o f co tto n at B o m b a v a n d th e sh ip m en ts fr o m a ll In d ia p orts
fo r the w e e k e n d in g Jau. 26, a n d fo r th e Season fro m S e p t. 1
t o J a n . 26 fo r th ree ye a rs have b een as fo llo w s :

N e w Y ork —t Concluded)—
Total bales
To Manchester, per steamer Phidias, 525 upland and 50
Sea Island......................................................................... ..........
575
To H .vre, per steamers Blrohtor, 1,666 ...L a Bretagne,
289 upland and 160 Sea Island......................................... ......
2,115
To Bremen, per steamer Lalm, 558.............. ............................
55 8
To Antwerp, per steamers Aragonia, 651 .. .British Trader,
800
Friesland, 5 0 ...
................................ .......... ...........
1,501
To Copenhagen, per steamer Island, 500 ...............................
500
To Lishon, uer steamer Vega, 350 .............................................
350
To Oporto, per steamer Vega, 1,1 0 .......................................... 1,150
To Genoa, per steamer California. 436......................................
486
To Trieste, per steamer Pioqua, 501 .........................................
501
New Orleans —T o Liverpool Jan. 2 1—Steamer Capella, 5,81 L
___Jan. 25 - Steamer Darien. 5,230___ Jan. 2 7 —Steamer
Orion. 6 ,1 0 0 .................................................................................. 17,161
j
To Havre—Jan. 20— steamer Caravellas, 7,125___ Jan. 2 1 9,803
Steatner Spanish Prlaea, 2 ,6 7 3 .......... ..................................
To Bremen—Jan 23—Steamer King Edgar, 6,933___Jan.
|
24
-Steamer
Glenveoh.
4
,3
0
0
...................................
...............
11,733
;
To Antwerp—Jan. 20-Steam er Man. 8 3 .................. ..............
83
To Copenhagen—Jan. 25 -Steamer Hajeeu. 2 0 0 .....................
200
To Trieste—Jan 2 1 —Steamer Hermine. 1,600 ...J an . 2 5 Steamer Urania. 5,831................................................................... 7,461
G alveston—To Liverpool—Jau. 2 0 -Steamer Eden Hall, 8,162
Jan.
21 Steamer Methley Hall, 8.017
Jan. 2 3 —Steam­
j
ers Horatio, 7,195; Lad* Joloey. 9,787 .............. .............. 33,471
To Rouen—Jan. 25-Steam er Trefnsts, 6 5 0 .............................
650
To Hamburg—Jan. 19—Steamer Aborgaldie, 1 00....J an .
20-Steam er Germania, 1,396.......................................
1,998
1896-97.
1897-98.
1898-99.
To G -noa— an. 2 V Steamer Pclnolpesaa. 6,97 L....................
6,971
ToJnpnn-Jan 24—8te imer Tampa Maru. 13.960................ 13,960
SeeeipU at—
Since
Since
v~ *.
Since
Week.
gtpL
x
C
orpus
C
hristi
.
A
c
—Tc
Mextoo.
per
railroad.
2
1
7
..................
247
Week.
Week.
Sept. 1.
Sept. 1.
Pensacola—To Liverpool-Jan. 25—Steamer Vlvina, 2,150
2,150
To
Havre—Jan.
2
3
-Steamer
Matthew
Budlineton,
5
,3o
0...
5.3
00
Bombay.. . . . . . 76,000 808.000 44,000 314,000 40,000 471,000
3,317
To Genoa - Jiio. 2 1 —Steamer Eptalopos, 3 ,3 1 7 _______ ____
S
avannah
—Tft
Liverpool
—
Jan.
2
i
—Steamer
Lnvernook,
6
15
...
615
Sines September 1.
For Uu Week.
To Bremen—Jau. 21—3t«aiuer Wakefield. 3 ,50 7 ___Jan. 25
—Steamer KoonUU in, 8 5J 0 ..................................
Conti- 1
Great
Oontir 1
from— j (Jrtal
To Rotterdam—Jan. 2 1 —Steamer Wakefield, 300..................
800
Total.
Total
non*.
B ritain. ncnl.
B ritain.
WlLitt.NOTON—To Bremen—Jan. 2 0 —Steamer Atlantic, 3.800.. 8,800
N
orfolk —To Llvorpm l-Jan. 1 9 —Steamer Thyra, 1,033 .......
1,033
Bombay—
5,000
2,000
85,000
87,000 Newport N ew s —To Liverpool—Jan. 2 0 -Steamer Shenandoah
4,000
1,000
1896 -9 9 ..
495.......... .........................................................................................
495
52,000
1,000
51,000
5,000
5 .0 c0
1397 -8 8 ,.
7,000
139,000 SOSton—To LIverpool—Jan. 18—Steamer Armenian. 6,359___
9,000
132,000
l.ooo
8.000
1396 -9 7 ,,
Jan.
19—Steamer
Sagamore,
1
,076....J
a
n
.
20
-steamer
C alcuttaGephatonla, 7-<2 . . . (m 2 1 -Steamer Norseman, 1,41*
15,000
2,000
13,000
1990 -9 9 ..
Jau. 2 2 -Steamer Oambroman, 189___ Jan. 25—Steamer
11,000
2,000
9,000
1897-93
Dominion, 3,573.. ____ . . . . .
13,703
1,000
4,000
18,000
22,000
1,000
1390 -9 7 ..
To
Manoheater—Jan 20 Steamer Glorlana, 2,514......... . ..
2,511
Mjtfra*—
To Yarmo ith .1 m 21 -Steamm
. ! IL .........
111
2,000
14,000
18,000
1.000
1,000
1808 -9 9 ..
B
iLnuoRK—To
Liverpool—Jan
2
5,—Steamer
Indore,
3,49
1
..
2,491
2,000
8,000
0.000
1,000
1.000
1897*90
T > Havre— Ian. 23—Steamer Ymariva, 553......................
553
........
9,000
17,000
20 ,oOO
1908-9 7 . .
To Bremen Jau 2 I
ir. 3.9 >7........................
3,9 *7
411 osier*'
To Rotterdam—Jan. 17—Steamer Tabasco, V 0 ........ .........
100
___
4 ,COO
46.000
50.000
1098 -9 9 ..
To Atnateidam—Jan. 1 4 -Steam er Urhlno, 551 ...................
551
28.000
l.ooo
8,000
20.000
l.ooo
1897 -9 8 ..
13,000
8,000
33,000
51,000 Ph il a o e l f h u —To Llverpoot—Jan. 21—steamer Ponnland,
1.000
2,000
1396 -6 7 ..
229
23 "J..................
Portland , M e.—T o Liverpool—Jan. 10—Steamer Assyrian,
Total all—
100
...J
a
n
.
24
Steamer
Virginian,
305............
f
.
.................
168
0,000
168 .00 c
10,000
158,000
5,000
1898 -9 9 ..
1.000
7.000
7,000
86,000
13,000
93,000 S an Francisco -T o Japan—Jau. 26—Steamer Nippon Marn,
1807 -0 8 .
2,000.........................
....................................................................
2,000
1896 -9 7 .. i 2.000 11,000 I 13,000 1 33,000 1 205,000 I 233,000

ALEXANDRIA

RECK IITS

A le x a n d r a tJgypi, j
January 2 <
Roc^lptl (cAiitars*).. J
TUi* week____
Since Sept.
...........

AND

1893-99.
100.000
4,3JJ,O0O

l

SHIPMENTS

OF

COTTON.-

1S07-98.

||

1896-97.

210,000
4*924.000

ji

145,000
4,414,000
n o

j
Export* (b»! «*i —
To Liverpool........... 10,000,180.000 11,000 200,000
To Continent!.......... T.ouo 109.000 7,000 l'» :.,000

A.

8 .0 0 0 2 2 0 .00 0
6 .0 0 0 179,000

Total Europe........117.000:349,000 18.000 tOl.OOOUl4.000:390,000

’ A can tar 1*93 pounds.
* Of which to America In 1393 99. 18,983 hales; In 1397-98.23,993
hales; In 1896-97, 22,102 hales.
vlAtoanw reH ila ftiteT , —O u r r e p o r t r e c e iv e d b y c a b le
to -n ig h t fro m M anchester state-, th at th e m arket is s tro n g
fo r yarns and firm fo r sh irtin gs.
Manufac urers are g e n ­
erally w ell undrr co n tra ct. W e g iv e th e prices for to -d a y
below an ' lea ve those fo r previou s w eeks o f this and last
y e a r ?o' com p a rison .
1898 93.

4.
5*s

(1.
0 61 .
36^9
5% U61s
5 5, 901*
5N *6**
5% 36%

«.
4
4
t
4
4
4

a.
1
1
l
l
1

s.
»6
36
oe
we
06

as follow s.

d.
9
9
9
9
9

Batur.

10*4 lb*, 8h\ri
common
la fln tet.

A.
-1
A. la.
3**3 5 » i « - 6 , j u :«
511,#-8 ia,« t
J ' a, 5 U „ e s \ 4
5G 0*39, 4
3U* 53, 069, 4
3*. A 5 s, 964* 4

A.
s.
0<*76
0**OS
0**
0 ‘s >6
1 w6
1 ®0

A
8
8
8
8
8
7 hi

Ootfn
Mia.
(Tplet
4,
37,.;
3>4
34,
37,j
33,«

J u te B u t t s , B a g g in g . E t c .— T he m arket for jn te b a ggin g
has been en tirely devoid o f an im ation the past w eek. The
close t > n ig h t is at •
’>®*'9’5l£c. for 1% lbs. and S@6J£c. fo r 3
lb s ,, standard grades. Jute butt* h ave been very du ll a t 90c.
for paper qu ality and \ % r. for m ix in g.
C o tto n S u p p l y a n d C o n s u m p t io n in E u r o p e . — 3 y cable
we have received the substance of Sir. E lliso n 's first of
January cotton review , and iu our editorial colu m ns giv e the
results and som e suggestions respecting them .
A u g u sta ( S a j St r i k e , & c — O u r A u g u sta correspondent
telegraph* ns this evening that the strike has been settled
and operatives return to w ork at once.
8 h ip p in g N e w s .— A s show n on a p re v io u s pa ge, th e
exports o f co tto n fro m the U n ited S ta tes th e past w eek h av e
reached 178,597 bales. T h e sh ip m en ts in d e ta il, n s m ade up
from m ail a n d te le g ra p h ic re tu rn s , are as fo llo w s ;
_

To Japan s in ce S ep tem b er l sh ip m en ts h ave been 815,527
bales from P a cific C oast and 18,980 bales fr o m G a lveston .
O ott ’ .i fre ig h ts a t N ew Y ork th e past w ees hav~ been

1897-98

BH U»•. Shirt­ O otfn ren en
334 Oop. ing $, common Mid
9mi$L
T,eUt.
to /In**l
TJpldM
Dec 23
30
Jan 8
- 13
M 20
« 27

Total....... ....................
...1 7 8 ,5 9 7
The particular* o f the forogoiug sh ip m en ts, arranged in
o ir usual form , are as follow s.
G reat F ren ch (ler —OtA. K rape.
Mexico,
B r i f n . p o rts, inanu. North. South.
the. Japan T o ta l.
New Y e r k
6,334 2.115
558 2,0 J1 2,4 37 ...................... 13,545
I M. O rlea n s. 17,161 9,803 11,733 283 7,461 ....... ....... 46 ,Ail
650 1.996
Galveston. 33.471
....... 0,971 ......... 13.960 57,048
.............. ..................................
247 .........
247
■Mr. O.. A c
2,150 5,800
..................... 3,317
10,767
I Pensacola.
815
, 12,037
800
...................
13,452
! Savannah.,
. 8,800
...................
8,800
i W UmlngVn
...................
1,053
Norfolk— vjsa
495
....................
495
S ’p't News 18.217
111 ........ 16,358
Soeton . . . .
2,491
555 3,997 ” 651
...................
7,694
B altim ore.
229
...................
229
P h ll'd e lp 'a
463
....
468
Portld.M i,.
. . . . 2 .0 0 0
2 .0 0 0
San Fran..
Total . . . 80,734 I - , 421 19,121 3,735 20,236
388 15,960 178.597

Total bales.

Nsw Y ork -To fjverpoel, per steamer* Cnflc, 3,203. ..Servla, 1
Tanrlr, 1 ,5 3 9 ......... ........................................................ ...........
To Hull, per steamer Martollo, 1,066 ........................ ............

4,743
1,066

Mon.

Tuct.

Wcdnc*.

Thurt.

Fn.

'J verpool. ,a$k.. t.
20t
201
20
20(
201
201
....
... .
....
Do
.......... d.
H a vre.................c
35t
35
85 *
351
351
35’
Bremen............c
2,5t
25*
251
25?
25'
25flam bur^ ............ c 25 ®30l 27>s1
2 7 ‘,1
27*3
27i*f
27>st
Amsterdam.aek. e.
30f
301
301
30 <
30
30
H&rai, v. Harob..£.
421
421
42*
42*
421
42*
Do ▼. Hul,l...c. 3 7 *3 8
38r
33
381
38
38f
30
Rotterdam..........c.
30
30
30
30
30t
Genoa. ..............e.
40
37 >s'
37^1
37>*l
37kP
37>si
Trieste ............... c.
40 f
401
451
40'
40 i
401
Antwerp............. it.
251 2 3»2 5 t 23S25I 23W2M 23 ®25t 239251
ucat.v Antw’p.ii ,
31
29/T31t 2 99 3 1! 299311 29^31 290311
D ense n e t p e r 1 0 0 1tie,

L iv e r p o o l , — By cable from Liverpool we have the fo llo w ­
ing sta te m e n t o f the w eek 's sales, sto ck s, & o ., a t th a t port,
Jan. 0
Ales o l th e w e e k ........... b a le s .

Of which exporters took. .
Ot whioh speculators took.
t> » A m e r ic a n
........................
A otua e x p o r t . . . . . . . ........ .
P o rw a rd e d ....................................
Total s tock — E stim a te d ...........
O I w h ich A m e r ic a n —E atm 'd
Total Im port o f th e w e e k ____
O f w h ich A m e r ic a n ..........
A m ount a flo a t.............................
O f w h ich A m e r ic a n ..............
i»

Jan. 13

Jan. 20

Jan. 27.

30,000
6 6 ,0 0 0
67.000
53.000
4,900
3,000
9,900
3,800
11,000
2,800
4,500
10,400
61.000
7.3.000
49.000
61,000
12.000
9,000
14.000
10,000
95,006
74,000
05.000
75,000
1.370.000 1,49-1,000 1,61 8,000 1.715.000
1.205.000 1,390,000 1,5.(7,000 1.599.000
112,000 234.000 225.000 181,000
97.000 218.000 213.000
166,000
541,000 434.000
323.000 238,000
5 40,000 430.000
320.000
23 >,000

12,037

T H E

19 4

The tone o f the Liverpool m arket for spots and fu tu re
each day o f the week ending Jan. 37 and the daily d o s in g
prices o f spot ootton . have been as follow s.
Spot.

SaVday.

M on day. Tuesday. W ed’d a y. T h ursd’y

M a rk ot, )
Qood
1 :4 5 F. M.$ Harden’**. demand.

Firmer.

M id. U p l’da.

37sa

3%

3%

S pec. A ex p .

8 .0 0 0
1,000

12,0 00
2 ,0 0 0

10,000
1,000

F rid a y .

Moderute Harden’g. Quieter.
demand.
3%

36la

3 6ie

1 0,0 00
500

10 000
1,000

14,0 00
5 ,0 0 0

F u tu res.
at Steady at Quiet at Br’ly st’dy Irreg. at
M arket, ) Steady
at 2 04 8^@5 pis.
l -04 u* 2-54 2-54 ad­ partially
1 :4 5 i*. M.J advauce.
1-84 dec.
decline. advance.
vance.
M arket. (
4 P.M . {

Quiet.

Steady.

Very
steady.

Quiet at
1-64 de­
cline.

Barely
steady.

Stead).

Firm.

The prices o f futures at Liverpool for each day are g iven
below . Prices are on the basis o f Uplands, L ow M iddling
olause, unless otherwise stated.
r y

The p r ic e s a r e g iv e n in p e n c e a n d filth s .
2 t33 61'i.. a n d 3 01 m ea n s 3 1 -fild .
IT Ion .

N a t.
J a n . 21 to
J a n . 27.

Jan u ary.. . .
J a n .-F e b ___
F e b .-M a rch .
M o ll.-A p ril..
A j> ril-M a y. .
M a y -J u n e ...
J n n e - J u ly ..
J u l y - A u g ...
A u g .-S e p t...
S e p t .-O c t ...
O c t.-N o v ___
N o v .- D e o ...

T ue*.

2 63 m e a n s

T h u s:

F r i.

T h n n .

W ed.

12i* 1 1:45 4 1:45 4 1:45 4 1:45 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.
d.
3 09
3 09
3 09
3 10
3 1>
3 12
3 13
3 14
3 14
3 14
3 15
3 15

d.
3 10
3 10
3 09
3 10
3 11
3 12
3 13
3 14
3 14
3 14
3 15
3 15

3
3
3
3
3
3
3
3
3
3
3
3

d.
12
12
12
12
13
14
15
16
16
16
16
17

3
3
3
3
3
3
3
3
3
3
3
3

d.
13
13
13
14
15
16
17
17
18
18
18
18

3
3
3
3
3
3
3
3
3
3
3
3

d.
13
13
13
14
14
15
16
17
17
17
17
17

3
3
3
3
3
3
3
3
3
3
3
3

d.
14
14
14
15
16
17
17
18
18
18
19
19

d.
3 12
3 12
3 12
3 12
3 13
3 14
3 15
3 16
3 16
3 16
3 16
316

3
3
3
3
3
3
3
3
3
3
3
3

d.
12
12
12
13
13
15
15
16
16
16
16
17

3
3
3
3
3
3
3
3
3
3
3
3

d.
17
17
17
18
19
20
20
21
21
21
21
21

3
3
3
3
3
3
3
3
3
3
3
3

d.
16
16
16
17
18
19
19
20
20
20
20
21

3
3
3
3
3
3
3
3
3
3
3
3

d.
15
15
15
16
16
17
IS
19
19
19
19
19

3
3
3
3
3
3
3
3
3
3
3
3

d.
18
18
18
19
19
20
21
22
22
22
22
22

BREADSTUFFS.
F r id a y , January 37, 1899.
E a rly in the w eek o n ly a lim ited v o lu m e o f business was
tran sacted in the m arket fo r w h ea t flour. S u b se q u e n tly ,
h o w e v er, dem and im p roved , and d u rin g the past tw o or
th re e days there has been a fa ir a m ou n t o f a ctiv ity to the
tra d in g . T h e u p w a rd ten d en cy to valu es f o r th e grain has
been th e p rin cip a l stim u la tin g feature. T he dem and has
co m e p rin cip a lly fro m the hom e trade, a lth ou g h there has
been a fa ir ca ll fr o m exporters: prices have a dvan ced.
R ye
flou r w as in fa irly a ctiv e dem and d u rin g th e secon d h a lf o f
th e w eek , and the ten den cy o f prices w as to w a rd a h igh er
basis. B u ck w h ea t flour has been firm b u t quiet. C orn m eal
h as had a fair sale and prices have advanced.
S p ecu la tion in w h ea t fo r fu tu re d eliv ery w as q u iet early
in the w eek , b u t at the close there w as con siderable a ctivity
to the trad in g , and the ten d en cy o f p rices w as to w a rd a
h igh er basis. T h e bullish sentim ent w h ich has preva iled in
finan cial circles f o r som e tim e past has app arently spread to
n early all staple products. A t any rate, d u rin g th e past few
da ys th ere has been fa ir ly free b u y in g o f w h ea t b y the g e n ­
eral p u b lic f o r in vestm ent a ccou n t. This dem and, togeth er
w ith som eth in g o f a reviv al o f the ex p ort dem and
and b u y in g b y large
W estern
operators and ship­
pers w h o w ere sh ort, to co v e r th eir con tra cts, su f­
ficed to advan ce p rices sharply, p a rticu la rly as there
has been little aggressive sellin g, fe w operators ca rin g to
operate against the flood o f b u y in g orders w h ich h ave com e
on the m ark et latterly. E uropean m arkets h ave fa iled to re­
spond fu lly to the u p w a rd tu rn t o valu es in the lo ca l and
W estern m arkets, and the cro p m ovem en t has been fa irly
large.
These factors, h ow ev er, h ave been offset b y the
heavy clearances fro m the seaboard and the decided
strength o f the statistical position, supplies in sigh t being
com p a ra tiv ely sm all. Business in the spot m a rk et has been
la irly active, alth ough there has been som e h old in g back
o f exp ort orders due t o the h igh prices.
T he prem ­
ium on cash w heat has heen low ered s o m e w h a t; co n ­
sequen tly the advan ce in prices fo r a ctu al w heat has been
h ard ly so grea t as fo r fu tu res.
T o-d a y the m a rk et w as
la irly a ctive and prices advan ced on ou tsiders bu y in g
and in response to stron ger foreig n advices. Subsequently,
h ow ever, there was a reaction u nder realizing sales prom pted
b y u n fa vora b le reports as to th e situation in the P h ilippin e
Islands. T he close sh ow ed prices p ra ctica lly u n ch a n ged fo r
the day. T h e spot m arket w as fa irly active. E x p o rt sales
rep orted here and at o u tp orts w ere 225,000 bushels.
HAILY GLOBING PRICES OF NO. 2 RED WINTER IN N E W Y O R K

Cash wheat f. o. b............ 80%
M ar. delivery In e lo v ....

May deUvery In elev— .
July delivery In elev......

77% 79%
7 4 % 76
74%

80%
77%
75%

§2%
78%
76|

8 1%
gO

DAILY CLOSING PRICES OP NO 2 SPRING IN C H I C A G O .
Sat.
M on.
Tues.
W ed.
Th urs

Jan. delivery tn elev............................
E 3 £ 2 e» Very!neI,ev....... 70%
72
July delivery In elev....... 6 8 %
72

70
73%
70 %

70 L,
75
71%

[VOL, l x v i i i .

C H R O N IC L E .

™%
74%

86*s
853 q
S l^
80*8
F ri.
78*8
ID^
75^4

Indian co rn fu tu res w ere quiet at th e opening o f the week.
S u bsequ en tly, h o w e v e r, the m a rk et becam e m od era tely

active and the tendency o f prices was towards a higher basis.
The principal strengthening factor was the increased
dem and from outsiders for investment account. Sympathy
with the rise in wheat values, however, had m uch to do
with the advance. The export demand was fairly brisk,
the Continent especially being a good buyer during the
latter part o f the week, and this too had a strenghtening in ­
fluence. The spot market has been firm. Exporters have
been m ore active buyers and prices have advanced. T o day
prices advanced on buying by outsiders and continued active
export demand. The spot m arket was active and form er
sales for export here and at ontports were 700,000 bushels.
DAILY CLOSING PRICES OP NO. 2 MIXED CORN IN N E W Y O R K
M on. Tues.
Sat.
W ed. T h u rs.
44
42%
43%
44 ^
45%
42%
42%
41%
43%
43%
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN C H I C A G O .
M on.
Sat.
Tues.
Wed.
T h urs.
35%
35%
Jan. delivery In elev....... 3 4 %
36%
3612
38
37%
May delivery lu e le v ___ 37
38%
38%
July delivery in e le v .... 3 7 %
38%
38%
38%
3 9i8

Cash corn f. o. b ................
May delivery in e le v ....

.
F r i.
45ifl
44
F r i.
36%
39%
39%

Oats fo r future delivery at the W estern m arket have re­
ceived a moderate am ount o f attention. There has been a
gradual hardening o f prices on fairly free bu ying fo r invest­
m ent account. The fact, however, that this demand has been
m et by liberal offerings from the coun try has held the ad­
vance in check to some extent. The spot m arket has been
fa ii’ y active, but the demand has com e exclusively from the
hom e trad e; prices have advanced, follow in g the rise in values
fo r futures. To day the m arket for futures was steady. The
spot m arket was fairly active and firmer. The sales included
20,000 bushels for export.
DAILY CLOSING PRICES OP OATS IN N E W Y O R K .
Sat.
3Ton.
T u ts.
W ed.
T h urs.

No. 2 mixed in elev.........
No. 2 white in elev...........

F ri.

33%
35%

34%
34%
35
35
35%
35%
35%
36
36
36%
DAILY CLOSING PRICES OP NO. 2 MIXED OATS IN C H I C A G O .

May delivery in elev___
July delivery in elev.......

Sat.

M on .

Tues.

Wed.

T h u rs.

27%
26%

28
26%

27%
26%

28%
26%

28%
26%

F r i.

28%
27

R ye has had a m oderate sale fo r export, and higher prices
have been paid. Barley has been quiet but p rices have been
firm, reflecting stronger advices fro m the W est.
F ollow ing are the closing quotations:
FLOUR.

Fine................................$2 35©2 45
Patent, winter ...., $ 3 30
Superfine...................... 260© 2 70
City mills, extras . 4 60
Extra, No. 2 ................ 275©2 85
Rye flour, superfine 3 30
Extra, No. 1 ................ 290© 3 10
Buckwheat flour... 1 9 0
Babers* extra......... 3 15 ©3 45
Com meal—
Straights....................... 3 40©3 50
Western, etc___ . , 2 15
Patent,. Spring___
_ 4 10 © 4 70
_
w
Brandywine___
______ „ _________.
2
[Wheat flour in sacks sells at prices below those for barrels.

00
■®4 75
® 3 60
©2 00
2>2 25
30

GRAIN.
Wheat—
Hard Duluth, No. 1
N’th’nDuluth, No. 1
Red Winter, No. 2..
Northern, No. 1 . . .
Oats—Mix’d, per bsh.
W h ite.....................
No. 2 mixed............
No. 2white............

0.
c.
SS^SOOis
84%@8558
84% © 8618
8350 385
35 ©37
35 ^ © 3 9 ^
3512® 361ii
3 6 ^ 3 3 7 1a

C o m , p er bush -

0.

0.

Western mixed___ ___ 4 3 1s © 46 14
No. 2 mixed..................44 1s © 46 :14
Western Y ellow ... ...4 5 ® 4 7 1e
Western White........ ..4 5 7s ®471e
Rye—
western, per bush. ..6 1 ^ 0 6 8
State and Jersey... ..6 1 ©67
Barley—W estern....... ..5 5 ©65
Feeding....... ...............Nominal

The m ovem ent o f breadstuffs to m arket as in d icated in th e
statements below is prepared by us from the figures c o l­
lected by the New Y ork P roduce E xchange. The receipts a t
Western lake and river ports for the w eek ending Jan.21, a n d
since A u g, 1, fo r each o f the last three years, have been:
Receipts at—

Flour.

Wheat.

Com.

Oats.

Barley.

bye.

BbU.lQQlbs Bush.QQlbs Bush.5Qlbs Bush.o'Zlbs Buah.iSlbs Bu.bd Ilfi.
105,033
Chicago........
759,555 3,278,375
1,744,400
380,250
74.000
27,750
M ilwaukee..
181,330
140,200
168,000
304,950
43.400
D u lu th ........
016,702
203,000
232,452
9,931
22,891
3,224
Minneapolis.
1,714.080
489,400
300,580
1,711
100.350
474,179
2,900
D e tro it........
109,031
12*040
25,000
10,852
8,523
25,483
133,003
171,130
8t. Louis ....
17, V*5
015,506
187,200
39,000
20,300
11,360
18,860
F eoria..........
312,700
124,300
30,000
000
531,700
Kansas City.
139,750
97,000
Tot.wk.’ 99.
Same wk.’98.
Same wk.*97.
Since Aug. 1.
1898-99..........
1897-98..........
1890-97.........

109,108
152,841
155,010

4,22'.193
2,214,050
1.388,982

6,804,284
3,831,984
1,999,418

3,033,787
2,825,542
8,024,986

780,983
981,985
900,140

T80.197
154,421
202,350

8,490.729 188,105.485 112,410,110 91,033,892 27,542,985 7,208,070
5,543,199 150,150,309 128,296,157 104,440,819 24,955,004 7,275,433
0,090,352 118,583,978 82,920,798 90,070,501 20,047.620 5,095,50 °

The receipts o f flour and grain at the seaboard ports fo r
veek ended Jan. 21, 1899, fo llo w :

th e

Flour, VVheat,
Oats,
Corn,
R eceipts a t—
bbls.
bush.
bush.
bush,
New York.................. 151,520
1,133,600332.475
484,800
B oston......................
57,432
438.091 275,550
220,008
M on treal..................
6.375
4,235
1,900
25,398
378.H96 806.173
Philadelphia........... 49.627
118,142
B altim ore...........
62.622
256,767952,455
113,577
R ichm ond................
2 054
o,170 14,<»72
15.470
New Orleans*........ .
16,916
2*5,543291.525
40,705
Charleston................
6,025
42,000
Newport News........
43.078
92,000 297,115
182,305
N orfolk ....................
3S,084
...........
311,428
G alveston................ .............................. 320,064 05,400
700
Portland, Me...... .
13,793
131.888 100,48027,722
P en sa cola ................ ...........
18,000
.......
S t.John, N. B ..........
1,780
121,284
..
9,704

Barley.
bush.
51,875
11,090

Rue,
bush.
133,200
71

*20,800
7,255

*72,000
83,712

Total week........ 451,118 3,833,433 3,147,673 1,851,191
Week 1898................ 384,901 1,846,700 3,881,339 2,038,683

90.880
253.727

8,533
802,516
387,824

• Receipts do u o t Include i?raln pasting through New Orleans to r fo re ig n
ports on through bills o f lading.

T H E

J anuary 28, 18S9.J

Total receipts at ports from Jan. 1 to Jan. 21 compare as
follows for four years:
1899.
1,601.881

ISOS.
1,151,091

1307.
907,013

1899.
868,087

W heat.................. ..bosh . 10,738.103
.. M 10,577.013
S.781^79
O ats........................ ••
+ ••
5 0,2*39
Barley........
••
574,637
B y e . . . . . . . . . ........ .

4.251.288
11,131,457
7,721,973
521,-453
1,095,783

1 , 12 0,100
11.128,567
2,097,4*0
889.376
281,317

980.895
5,240.c 59

25,097,533

19.219.S89

8.563.318

Rcceivts of—
f l o o r ................ . ...b bis

Tot&l gram .. . .

**

23,193,071

21,004

The exports from the several seaboard ports for the wtek
ending Jan. 21,1899. are shown in the annexed statement:
Com
905,717
252,534
13LS8*
137.S77
Baltimore...... 586.400
New Orleans.. 558,917
Newport News 92,000
Galveston — 508.060
*2 / 0 0
8 t. John. N. B. 1 2 1 .&H
1 /S.OCO
P e n sa co la ....

317.818
324,102
100,180
513,0*0
9*2.370
828,991
3U.428
287.115
73.2 0

Total week. ,3.332.835 3.219 251
Same time ^ .1 ^ 2 8 ,t59 4,010.648

flou r.
bbis.
131,130
24.257
13.703
57,201
159,182
7.798
3^,084
43,879

Oats,
Bye.
hush.
truth.
34.86* 100,538
139,579
8.M3
27.722
8.671
110,000
100
89,572
1,670
182,365

*" 6 625
1.780

9,714

498,582 505.512
313.048 1081.670

PdU,
bush.
5.187
21,249

26.961
62^84

are irregular. Cloakings inactive. Dress goods are steadier
in tone, with more business doing; flannels and blankets
quiet.
Domestic Cotton Goods.—The exports of cotton goods
from this port for the week ending January 28 were 23,630
packages, valued at $737,164, their destination being to the
points specified in the tables below:
1899.
N ew Y o rk

to

.. . a . . . .. .. ..

47.835
164.002

The destination of these exports for the week and since
September 1, 1898, is as below.

1898.

J a n . 2 3.
W eek. S in e* J a n . 1.

G re a t B r ita in ........ ................ ..
O th er E u r o p e a n .......................

W eek.

1 31
82
2 6 ,1 5 4

S in ce J a n . 1

4 ,8 6 9
1 ,2 3 0
1 ,5 0 9
282
A28
4 ,4 2 9
486

354
9
3 ,5 1 0
1 .4 3 4
99
1 ,471
256
89
148
1,813
208

471
44
6 ,5 2 9
2 ,7 4 4
1 ,4 0 0
2 ,0 3 0
780
170
354
3 ,0 2 4
367

T o t a l...................................... 2 3 ,6 3 0
C h in a , v ia V a n c o u v e r * ___

39,711

9 ,3 9 1

1 7 ,9 1 3

T o t a l...................................... 2 3 ,6 3 0

3 9 ,7 1 1

9 .3 9 1

1 7 ,9 1 3

20
11

2 0 ,9 8 0
1 ,2 9 4

...........
. . .. 516
........

186,21*
439.4 46

Barley
bush
81,122
1(5,713
.......

.......

195

C H R O N IC L E .

A f r i c a ...........................................
W e st I n d ie s ................................
M e x ic o .................................... ..
O th e r C o u n t r ie s ...... .......... ..

201

351
1*2

43
327
391

11

* FromNew England mill points direct.
-----The value of the New York exports for the year to date
---------- f t our,--------- 1 .—----- Wheal.---------- *------- — Ct
Week
Week
Since
Sent.
Since
8*vi
Since
S*vt.
Week
■ has been $1,317,623 in 1899. against $147,407 in 1898.
1, 1889
1,1999.
Jan. *1. 1 , 1809. Jan. 31.
1ct<k and since ,Jan. 21.
MuA.
bush.
buth.
truth.
bbu.
Actual sides of heavy-weight sheetings and drills have
S*vt. 1 t o bblt.
88,978.770 L 0 OOJO© 31,721.033
Dal ted Kingdom 32L427 4^52.180 1
02^*02
1,1*4.013 1,740.806 31,060,Y48 1.285^6* 35.489,21* been moderate, but some good-sized bids turned down. Ad­
Oontment...........
36.1 *•> vances of !5c.' Tier yard quoted in some leading makes of
lr.540
191.017
9*2
28,124
536329
8 . At C. Am erica.
530.f8r.l>
17,810
17.990
3S*.*n7
West Indio*.......
166.520 standards and three and fonr-yard goods. In line browns
1.400
8,371
116,756
871,359 Pepperell has been advanced ,'c. Fine yarn makes are strong
11,368
103.305
411,147
Other countries.. 16,782
4^*3,5*2 7 17.620 8,332.8^5 70,830.19*5 3.216.251 08.601,740 and well sold ahead. Duck is firm, with moderate demand.
TouU
T otal 1 * 8 . . .
813.646 0.C63.302 1.9*8.150 6>^07.284 4,010,8*0 69.006.883 Brown Osnabnrgs quiet but firmer. Bleached cottons are
The visible supply of grain, comprising the stocks in without change, moderate business passing at fall prices.
granary at the principal points of accumulation at lake and Wide sheetings are well held; buying moderate. Cot­
ton flannels and blankets quiet. In denims the market
seaboard ports, Jan. 31, 1899, was as follows:
is improving, and advances of ^c.@Wo. per yard made in
Com
Wheat
Barley
H\eOaU
im »k
bush.
bush
bush.
bueh.
several quarters. Ticks are steady. Plaias firm in all lead­
1 / M6.OO0
2K).000
4 .7 3 2.^
3,7*3.000
41*0 0
Kid finished
118,C«D0
2*9,000
14,000
112,000 ing makes; other coarse colored cottons quiet.
Do
adoet..........
27.OJ0
32,000 cambrics firm at previous prices. Prints, both fancies and
Albany.........................
90,000
SlrijXXJ
IA3.D00
l.UO.e 0
Buffalo......................... 1 079,000
4C0,000
staples, have been in moderate request only, but tone of mar­
1,070.000
*rtl.on
1*842.000
734.000 ket strong, Fine printed wash fabrics also strong Ginghams
8J696.000
8,130,000
1JKS.CC0
5*.000
Do
afloat........
17
nry»
S3.00C
t.ooo
in excellent shape, though no advances quoted. Print
Zap*
Milwaukee..................
81.000
512.000
*206,000
Do
afloat..........
*03,00/ cloths at the dost! of the week are nominally 2‘ sc , but bid*
1,031,000
l*3.0Ov
686,000
D u lu th ....................... 4.480.uu*i
•i»S,*K
50
Do
affoat.........
thereat refused for any position. Sales have been large of regu­
463.1XH1
4.000
903.000
01.000
Toledo
.....
lar oloths.
Do
afloat..........
376000
Detroit.....................
203.000
LOCO
74.000
14,000
Foreign Dry Goods.—Conditions in the fbreign goods
134.000
O s w e s r o . . . ,
m . coo division of the market continued without change of moment.
liV^M
012,000
St Louts__
....
189.000
8.000
The demand in staple department* is light for dress goods,
20,000
Do
affoat..........
47.000
18,000
101,000 dress cottons and for silks: linens firm with more doing;
512,000
0*0.000
126.000
136,000
T o ro n to ......................
7.0CO
87.000 burlaps occasionally advanced fdc.
Montreal. ................
23,000
4.00'!
19.000
1*8.000
1.000 Importations and Warehouse Withdrawals of Urjr Good*
Philadelphia..............
622.000
177,000
280.000
1.664,000
--•,•-•>.
Peoria ....................
The importations and warehouse withdrawals of dry goods
iBflfOOO
4.000
4.WO
99,000
145,000
I&d!*0 *poISs . ...........
2*5,000
85,000
1.000
at this port for the week ending Jan. 26, 1899, and since
Si 0.000
K.an«a« < i l y .. ..........
3*6,000
18,000
37,OOt
yw1,000
Baltimore- ... . . .
2,231.000
201,500
114,000
January 1, 1899, and for the corresponding periods of last
2,240.000
6,4-6 JW*
Minneapolis ,
3,166.000
37,000
66,004 year are as follows:
131.000
On Misalselpp* Hirer.
6*2,000
On Lakea....................
[
On canal and rtrer. ..
132951S3
T otal Jan. 2 1 ,19V9.2MJt7*,0O0
8 9
26 061.000
0.9W8.OOO
1.707,000
Total Jan >4.1^9 27,?(\000
Total Jar- 22, v m 37.143.00w
Total Jan. >3. l * / 7 5i,2s* .006
Total J an. 16.1806,67,6*8,000

T H E

D R Y

23.362.000
41.790,000
21.718.000
10, *3*j.000

6,736.000
14.510.000
13.153,000
0,283,000

G O O D S

1.030.000
4,002,000
8.«66,000
1,519,000

9JB 4.000
8M J00
8.161,010
8.6 3,0*. 0
3,136,0-0

§

“

s

T R A D E .

New York, Friday. P. AL, January 27, 1899.
p
C3k-* 00 C0*-**^W
There has been no material change in the character of
OO-J 1-0*4O'© ©
C»<35 I C X - I —♦CO
business doing in cotton goods on home account. The gen­
I CO id
*0
eral demand has been moderate, but from the nnmberof bids ! W
©co
©
*■C*
F
t
“
*•*
—
ChX CO1*3-4 *J »
in the market only a little short of the higher prices which i P P—p© i z p p i a p
-23
‘x a i » a o
most sellers ask, it is evident that sums larger pardnsers are V©* V*>*abo >*ce«®V
t» ox xadcof t w-i
,0 33OX© 5? *- ©
growinganxious again. The continued upward movement in
the raw cotton market is, without doubt, exercising an influ­ 1 tb ©
P
^» C
v*
40“
op
qo©©m
ence over the views of both sellers and buyers as regards : ©
© '-X *—
©
©-Xa. > j < *o, 'i a
-4®
the future of the goods market. The former are 3
c* OQCPOO
©©© ld<J > f- ©
w
growing more reserved over business for future delivery in 1
most descriptions of staple cottons, and have occasionally i © x*-»
© K-40»6 0
OC to 10 t o c t i o
further advanced their prices. The demand on export ac­ -i— ©
—© — '.'O-dh* gi j> -*co ,0»-©*-©
X ©s ©to 3 i * ©
©
count has been more in evidence, but as a rule bids are either 1 «
c ; V co ©
—ifaCl "»-•
pO bb
——• «©*»©«
O— —IO©
nnder sellers' ideas, or for earlier shipment than the mills can ytj o»o
: -* i1C
*
■*
rO C'ifrO©*»C*t>0
o*to
Gi
give. Good sales this week have put the print cloth market
secure well into March, and higher prices are looked for.
■Z «
OfO
bb so to » * 3 x
The woolen goods division has been finite unsettled by un
v 10—0*4
© D*13tO©
»oo*©©~4
expectedly low prices on some new lines for fall.
Woolen Goods,—The action of the Washington Mills in j P<1
opening their heavy-weight lines of Clay mixtures, serges
o
and cheviots at a re Inction of from 15 to 20 per cent from
0-1 C*Cl rC
©io x »ao wcs~<
-1 o©
—©—x
©
<* ►©
aa
the prices of last heavy-weight Beason has for the time
wM
CO© ©00 <10010
WO © t a o—
being well nigh demoralized the heavy-weight situation.
A decline of these leading goods was looked for. I 2
5 X~«
cn©
but there was no outside suspicion that it would
a© © to to co
Ci©
be so severe. It is not certain that other agents
3
co m •si x ' i a o»
■XwCo to to
©©|0©—
will to any extent meet it, as the present disp osition is to
wait for further developments. Tne demand for the Wash­
-i—
H M »W W
ington goods has been on such a large scale during the past
»«i*t*V*
|fc»-4 -J O
<
thw
J» —
IS #. -4 - 7>
few days that they may soon he out of the way of competing ©
i-*ipCO
—
©tOCOOCC
©
*
x
further to any extent. The re-OTder business in light-weights © >
— *©co
T
*
ax
—I CCmU© tfi
o
loss
has been of satisfactory proportions. In overcoatings prices

a mMjOH
accVoa^
J I sm
O
*»«10a3
-rioits
a* •* r c
*
to
©t*
w
cox©
w
b
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T H E

19

C H R O N IC L E .

[V e t, LXVIII.

Hopkinsville, Ky.—Bond Redem ption .—This city has re­
D s f A N T M t N T . deemed and canceled $6,000 Ohio Valley Railroad bonds. We
are advised that $58,000 of these bonds become optional in
1901 and will be refunded at a lower rate of interest.
TE R M S OF S U B S C R IP T IO N .
Seattle, Wash.— W arran t Call.—City Treasurer A. H.
The I n v e s t o r s ’ S u p p l e m e n t will be furnished w ithout Foote has called for payment February 1, 1899, Columbia
ealtru charge t o every annual subscriber o f the C o m m e r c i a l Street warrants (Ordinance No. 5067) Nos. 951 to 956, in­
a n d Fin a n c ia l C h r o n ic l e .
.
, clusive, Blanchard Street warrants (Ordinance No. 5070) Nos.
The S t a t e a n d C i t y S u p p l e m e n t w i l l a ls o b e fu r n is h e d 959 and 960, Ltnora Street warrant (Ordinance No. 5006) No.
w ith o u t extra charge t o e v e r y s u b s c r i b e r o f t h e C h r o n i c l e .
812.
The S t r e e t R a i l w a y S u p p l e m e n t will likewise be fur­ South Omaha, Neb.— W arrant Call.—City Treasurer F,
nished without extra charge to every subscriber of the A. Broadwell has called for payment warrants on the fol­
C h r o n ic l e .
lowing funds : School fund warrants np to and including
The Q u o t a t i o n S u p p l e m e n t , is s u e d m o n t h l y , w i l l a ls o o e registered No. 1894, interest fund warrant to No. 231, judg­
furnished without extra charge t o e v e r y s u b s c r ib e r o f the ment fund warrant to No. 16; new series fire and water
C h r o n ic l e .
fund warrant to No. 103, public light fund to registered war­
TERMS for the C h r o n i c l e with the four Supplements rant No. 58, street repair fund warrant to No. 89, salary
Above named are Ten Dollars per year within the United fund warrant to No. 286, engineer fund warrant to No. 28,
States and Twelve Dollars in Europe, which in both cases general fund warrant to No, 78, water fund warrant to No.
inoludes ostage.
_____
15. The amount of call is about $24,400.
Terms of Advertising—{Per Inch Space.)
•

ta t

*

an d

C

ity

Transient matter (eaoli tim e)*! 20 Three Months (13 times) - .$23 00
s t a n d in g b u s in e s s c a r d s .
Six Months
(26 times).. 50 00
Two Months (8 times)........ *22 00 ! Twelve Months (52 times).. 87 00

B o n d P r o p o s a ls and
week have been as follows :

Allen I'onnty, Han.—Payment o f January Interest.— M. L.
Decker, Countv Treasurer, has notified the Kansas State fiscal
agents—The National Bank of the Republic, Nesv York City
—to decline to pay the January coupons on $136,700 fund­
ing bonds maturing July 1,1900, and to refer all persons pre­
senting such coupons to the County Treasurer. This, we
understand, was done so that the county officials would be
able to obtain the names of the holders of the outstanding
bonds and to enable them to open communication looking to
the refunding of the same. A statement to the effect that
the county had entered into an agreement with Spitzer &
Co., Toledo, to refund the old bonds was given in the C h r o n ­
i c l e November 19, 1898.
Beatrice, Neb.—Bond Decision Appealed .—We are advised
by H L Harper, City Clerk, that the city has carried the
case involving the validity of $50,000 railroad-aid bonds to
the Court of Appeals. Judge Hunger’s decision declaring
the b o n d s valid was given in last week’s C h r o n i c l e ,
San Francisco, Cal.—New City Charter. —The State Leg­
islature has passed the bill granting a new charter to the
city of San Francisco.
Tacoma, Wash.— W arrant L itigation .—On January 17,
1899, the second (the Muhlenberg case) of the eleven warrant
suits growing out of the re-issuance of warrants by ex-Treasnrer Boggs was taken np before Judge Carroll, in the Su­
perior Court. The first of these cases, that of the New York
Security & Trust Co., was decided adversely to the warrant
holders by Judge Carroll, whose decision was reported in
the C h r o n ic l e January 14, 1899.
Virginia.—Deferred Certificates .—The Committee on the
Stock List has “ unlisted” the stamped trust receipts. This
is done, it is stated, to remove misapprehension. The Vir­
ginia Debt Commissioners cannot act unless amajoiity of
holders give certain assurances, which cannot he given un­
less the certificates are assembled, and it also requires a
majority to obtain the listing of the receipts issued by
Messrs. Brown Brothers & Co. The Southern parties asso­
ciated with the committee have sent on a plan of settlement,
and the Legislature being now in session the committee
make advertisement to day urging prompt depositing. It
appears that they require less than $1,500,000 of certificates
to make a majority. It is evident that holders must co­
operate sooner or later and obviously no one can be benefited
by causing delay. It is to be hoped that this vexations sub­
ject will be promptly disposed of.
K Waxahacbie, Texas.—Bond L itigation.—Hr. E. A. Du
Bose, Mayor,Junder date January 23, sends us the following
facts relative to the litigation over $43,000 railroad subsidy
bonds the legality of which has been before the courts for
several years. The Mayor says: “ The bonds were issued in
1876—20-year 8$ bonds. At or near maturity the city made
an effort to issue refunding bonds to cover balance of about
$43,000. To oar great surprise and regret the AttorneyGeneral of Texas refused to approve the bonds on the ground
that the original issue was illegal. Without his approval the
debt could not be paid. Suit was then begun in the United
States Court, and we now await the decision of the Court.
The case will be heard on the 24th in New Orleans. It is a
case in which the city could not pay without litigation.”
See C h r o n i c l e January 8 and 22, 1898.
West Virginia.— The Virginia Debt Question .—On Janu­
ary' 17, 1899, the House of the State Legislature unanimously
adopted the following resolution :

Albany, N. Y.—Bond Offering.—On February 8, 1899, at
12 m., the city will sell at public auction at the office of the
City Chamberlain $100,000 registered 3J^£ water bonds and
$30,000 registered
free public-bath bonds. Both issues
will bear date of February' 1, 1899. Interest on the water
bonds will be payable May 1 and November 1 at the office of
the City Chamberlain, and the principal will mature $5,000
yearly on May 1 from 1900 to 1919, inclusive. Interest on
tbe bath bonds will be payable February 1 and August 1 at
the office of the City Chamberlain, and the principal will
mature $3,000 yearly on February 1 from 1900 to 1909, in
elusive. The water bonds are issued pursuant to Chapter
555, Laws of 1897, and resolutions of the Common Council
passed June 21, 1897, and the Board of Finance, passed July
13, 1897, and January 6, 1899. The bath bonds are issued
pursuant to Chapter 473, Laws of 1892, as amended by Chap­
ter 351, Laws of 1895, and the General Municipal Law, being
Chapter 685, Laws of 1892, also City Ordinance passed Decem­
ber 5, 1898, and Resolution of Board of Finance passed Jan­
uary 6, 1899.
Algonac, Mich.—Bonds D efea ted . —This place recently
voted against the issuanceof $10,000 electric-light plant bonds.
Allegheny, Pa.—B ond Issue.—It has been reported that
tbe Fiuance Committee has decided in favor of the issuance
of $63,628 street-improvement bonds. Mr. gJames JBrown,
City Comptroller, writes us that “in the event of these
bonds being authorized, it is my intention to place them in
the sinking fund, and they will not be offered in the market. ”
Allen County, Ind.—Bonds Proposed.— A bill recently in­
troduced in the State Legislature permits this county to
issue additional bonds to complete the new court-house.
Ambler, Pa.—Bond Election.—At the regular spring elec­
tion to be held in February the question of leaning $18,000
bonds for improvement of streets,-etc., will be submitted to
the people.
Anderson, S. C.—Bonds Proposed.—The State Legislature
has under consideration a bill providing for a special elec­
tion in this place to vote on the question of issuing munici­
pal bonds.
Antelope, Ore.—Bonds Authorized by State Legislature .—
The first Dill to pass both houses of the State Legislature,
now in s<ssion, authorized the town of Antelope to issue
bonds for the construction of water-works and sewers.
Athens, Ga.—Bond Election.—An election will be held Feb­
ruary 27, 1899, to vote on the question of issuing $100,000 4£
street-improvement bonds. Securities, if authorized, will
mature $3,000 yearly for 29 years and $13,000 30 years from
date of issue.
Atlantic County, N. J. —Bonds Proposed.—A bill has
passed tbe State Senate authorizing the issuance of $25,000
asylum bonds.
Bastrop County, Texas.—Bonds A pproved and Recorded.
—The Attorney-General has approved and the Comptroller
has recorded $50,000 5% bridge bonds of this county.
Berkshire County, Mass.—Bonds Authorized by State
Senate.—The Senate has passed a bill authorizing the County
Commissioners to borrow money to pay part of its debt.
Bexar <’ounty, Texas.—Bond A pproval 7em porarily Re
called.—On Jantiary 20,1899, tbe Attorney General approved
for registration $240,000 refunding railroad bonds, $108,000
refunding court house bonds and $41,500 refunding bridge
bonds, but afterwards recalled his certificate of approval.
The grounds upon which the approval was withdrawn were
that E. P. Hill, employed by tbe State in the bond depart­
ment had received an attorney’s fee of $3,895 from the
County Commissioners’ Court for certain services, among
which was the securing of the approval of the bonds. It ap­
pears from Attorney-General Smith’s statement of the case
lhat Mr. Hill had assured the Attorney-General that he had
examined all the papers relative to the bonds and had found
that all the requirements of the law had been complied with.
“ He failed, however,” Mr. Smith said, “ to inform me of the
fact that Mr. Crane had previously had these bonds under
investigation and had turned them down because of the abscence of certain links in the line of evidence as to the legal­
ity of the original issue, which the statutes provide should

Resolved. By the LeKlslaturo o f West Virginia, that this Lealslatnre heClines and refuses to take any action In regard to what is known as tbo VlrMlaU debt or "Virginia deferred certificates." either by considering any prop­
osition o f adjustment, or settlement, so called, or by authorizing the appoint­
ment o f any committee having for the purpose the consideration o f the same,
and that It is tbe sense o f the Legislature that the State o f West Virginia is
in no wny obligat ed for the paymont o f any portion o f said debt or certificates.

B ond

Calls

a n d R e d e m p tio n s .

r Boston, Mass.—Bond Call.—The city called for pay­
ment January 1, 1899, £37,009 5% bonds issued in 1870, as fol­
lows : 220 bonds of £100 each, amounting to £22,000, and 30
bonds of £500 each, amounting to $15,000. Interest ceased
January 1,1899. The notice is given through Messrs. Baring
Bros. & Co., Lor don.

N e g o t i a t i o n s this

J a r u a b y . 28, 1899,1

T H E

C H R O N IC L E .

,9 7

l>e completed before their validity eeasts to be subject to Charlotte, N. C.—Bonds Authorized by Legislature.—The
question, and so far as I have to-day been able to ascertain bill providing for the issuance of $300,000 water and sewer
bonds has passed both honses of the State Legislature.
said link has never been supplied.”
Binghamton, N. Y.—Bond* Proposed.—A resolution has
Clay County, N. C.— Bonds Proposed.—An Act to author­
been introduced in the State Legislature authorizing this ize this county to issue bonds is beiug considered in the State
town to borrow $10,000 to pay the balance of the contract Legislature.
price for the construction of a bridge pavement on Court
Clinton, Team—Bonds Proposed.— A bill was recently in­
troduced in the- State Legislature to authorize this town to
Street.
Boyd County (P. 0. Catlettsburg), K y.—Bond Offering.— issue school-building bonds.
Proposals will be received until 1 P. m. February 20, 1899,
Colliersville, Shelby County, Teun.—Bonds Proposed.—
by Ellis F. Lawrence, County Clerk, for $15,000 Ay, redemp­ The issuance of water-works bonds is the subject of a bill
tion bonds. Securities will be in denomination of $1,000, . now before the Legislature.
dated April 1, 1899; interest will be payable April 1 and
Colton, Cal.—Bond Sale.—We are advised by D. Johnston,
October 1 at' the office of the County Treasurer. Principal City Clerk, that $20,0( 0 (if semi annual 1-40 year gold water­
will mature -April 1, 1909, Bonds are issued pursuant to Sec­ works bonds have recently been sold to the Lsmprecht Bros.
tion 1857, Kentucky Statutes. A certified unconditional Co., Cleveland, at 107-875. Water-works bonds of like
check for ‘2$ of amount ot bid must accompany proposals. amount and same description were sold by this city on Sept.
The county debt (including this issue) is $25,0' 0. Assessed 30,J1$98, to A. H. Conger, Los Angeles, Cal., but whether
valuation is $4,122,267; estimated real valuation, $6,000,COO. this is a re-sale or not we are not informed.
Population 18,000. In addition to assessed valuation as here
Columbus, Neb.—Bond Offering.— Proposals will be re­
given there are taxable franchises amounting to about ceived until 8 p. si. March 3, 1899, by Wm. Becker, City
Clerk, for the $37,500 4l{ f funding bonds which were author­
$ 1 ,0 0 0 ,0 0 0 ,
Bozeman, Mont.—B ids .—Following are the bids received ized by a vote of 139 to 3 at the election held on January 17,
on January 17, 1899, for the $165,000 o f water works bonds 1-99. Securities will bear date of March 1, 1899. Interest
awarded, as ttated last week, to Mason, Ltwis & Co., Chi will be payable Maroh 1 and September 1 at Nebraska State
cago, at 101 820 :
Fiscal Agency in New York City. Principal will mature
Premium. I
Pramitt-m. M,rch 1, 1919, subject to call after March 1, 1909.
Lewis A Co,. Chicago . ,|3 .1 2 0 Etentaoa. Prior A Co,, Cleveland f2,3W>
Curry, Erie County, Pa.—Bond Sale.— This place has sold
EL B. Palmar X C*>„. Helen* — H.1P* \ E. H , Rollins A J$i>as. Denver
:,v9S
tiro*. A
Now York. S.vHO Nelnox* Story, Bo*« ihaji ............ 2,270 $80,000 31^ refunding bonds to Farson, Leach & Co., New
S. W. Harris x 0 0 - Chicago.
. S.OIo Lamprecbt Bro«- Co.. Cleveland
,100 York, atp.r.
Bonds are dated March 1, 1899. Bonds maC o lo * Bank X Tr. Co,. H elen a ... 3,000 ( w . J. ftm jm A Son*. Cleveland 1,000
F..r further inform ation relative to these bonds see CHBOS- tore 20 years from date of issue, subject to call as follows :
$20,000 after 5 years, $20,000 after 10 years and $20,000 after
ict.F, Decem ber 17, 1898, p. 1278.
15 years.
B rid g ep ort, O hio.— Bona Offering. Proposals w ill be re­
Doualdsn tllle, La.—Temporary L>an.—This town has
ceived until 12 m . M arch 1, 1899, by John A . Faw cet, Village
Clerk, for $75,<100 4% street-impr vement bonds. Securities borrowed $1,500 from the Bank of Donaldsonville.
Dyersbnrg, Tenn. -Bonds Proposed. - The issuance of
w ill be in denomination o f $1,000, dated A pril 1, 1899; in
terest w ill be payable semi-annually. Principal w ill mature $50,000 water ai.d light bonds is provided for in a bill now
before
the State Legislature.
A pril 1, 1929. Bonds are issued pursuant to 8ectlon» 2885,
Eagle County (P. 0. lied Cliff), Col.—Bond Offering.—
2880, 2837 and 2837a o f the Revised Statutes o f the State of
Proposals will be received until 12 m. February 15, 1899, by
Ohio and a village ordinance passed January 6, 1899.
the Board of County Commissioners George E. Bowland,
B r i s t o l C o u n t y (P . 0 . T au n ton ), Mass.—B in d Offering.—
Proposals w ill be received until Id a . H., February 6, 1899, Clerk—for $103,000 Of r- fnuding bonds, securities are in
by the County Commissioners, G eorge T. Dnrfee, Chairman, denomination of $1,000, $V 0 or $100, as the purchas r may
desire. Interest will be payable semi annually and the prin­
f o r $100,000 is notes o f this county. Securities are issued
cipal will mature 20 years from date of issue.
u n d e r Chapter 388 A cts o f 1893, Chapters 289 and 530 A cts
Ellsworth ( Minn.) School District No. 40.— Bond Offer­
o f 1894, Chapter 2- 0, A cts o f 1897, and Chapter 387, A cts o f
1898. They are in denomination o f $20,000, dated February 7, ing. -Proposals will be received until 7 P. M. February 15,
1899. Interest w ill be payable semi-annually and the prin ­ 1899, by F W. Stanton, Clerk, for from $7,000 to $10,000 5%
school bonds. Securities will be issued in denominations o t
cipal w ill mature February 7, 1903,
C am bridge, Mass.—Bonds Proposed,—The
municipal from $V 0 to f 1,000, to suit purchaser. Interest will be pay­
authorities have under consideration the petitioning of the able semi-annually and the principal will mature 15 years
Legislature for authority to issue $400,000 s e w e r s and $500,- from date of issue. Certified check for 10$ of $7,000 must
accompany each proposal.
000 park bonds.
Essex County, N. J.— Bonds Proposed.—This county will
Camden (N . J .) S ch ool D istrict.— Bids Rijected.— On
January 23,1899, there w ere 18 bids received f o r the $135,000 shortly issue between $300,000 and $325,000 4 f refunding
<% refunding school bonds, the highest being that o f W , J. bonds. These securities will be issued io refund over $‘ 00,Hayes & Sons, Cleveland, who bid 105 79; but as they failed 900 I f war bonds matnring April 1, 1899, of which issue
to enclose a certified check, their bill was thrown out. The about $200,000 will be paid out of the money on hand in the
next highest bidder was that o f the N ew Jersey Trust and sinking fund. Full arrangements for the new issue bave not
Safe Depioit Co., Cam den, w hich bid 105. The* com m ittee, bven made as yet.
Everett, Ham.—Sonde Proposed.— This city has petitioned
how ever, decided that a better price could be obtained for
the bonds, and for that reason all o f the bids were rejected. the Legislature for authority to issue $100,000 30-year sewer
bonds.
F o r description o f bond* see C h r o n i c l e Jan. 14, 1899, p . 95.
Fitchburg, Mass.—Bonds Proposed.—This city has peti­
Canton, O hio .—Bond Sole.—On January 23, 1899, the
$15,000 water-works refunding coupon bonds w e r e awarded tioned the Legislature for authority to borrow $100,000 to
to Briggs, Todd & Co., Cincinnati, at 10P1P3 fo r 3V£ per build a hospital.
Ganado (Texas) School District. -Bonds A pproved and
cents. Principal w ill mature February 1, 1909. F ollow ing
Recorded.—The Attorney General has approved and the
ate the b id s :
Comptroller has recorded $2,000 school bonds of this dis­
if
u
5%
w
4*1%
trict.
*f*t*•ridK
»U»T.
.
itsi.'h.
Ibrrult.
Georgetown (Ohio) School District—Bond Sale.— This
Bring*. Tod k Co., Cteidn»aM.,..........IlGi-sb
* IGA 60
Season* oe-d k M ayer, Cincinnati.
126 75
700 00
district recently sold $2,500 5jf semi-annual school bonds to
Fetter, MoLsxnau a Co ., Cincinnati.
008 75
11,225 00
the First N itional Bank, Georgetown, at 112-60, Following
iXmtecrtt, Prior A Co.. CteTetamL...
m ao
72-c 76
i«A.ropr«K:J>t Bro*. t
i t e r e i a u d . ..
520 00
are the bids :
f eu r*I Marine* Bank, Canton.......
761 00
-■terror <s Bel 1. Toledo___ ______
W. J. 11aye* A Item*, Cleveland...,
New V tent Net. Bank. Colonjt.ua ..
f t K lerbolte A Co.. C incinnati.....
C, H. W hite A Co., New f o r k . ......

For d e s c r ip tio n
1899, p . 95.

of

666 OO
375 00
Par

b o n d s see C h r o n i c l e

f 1,
877 60

0o

l . m 50
1,052 26

of January

14,

Carbon County School D istrict No. 30, Gebo, M o n t .-

Bond Sale.— On January 16, 1899. tbe $1,400 Of bonds of this
district were awarded to D. G. O'Shea, Red L xdge, Mont,, at
101-893. Securities will be in denomination of $25 and $100,
and will mature 10 years from date of isaae* subject to call
after 5 years,
Carroll County, Ky.—Bond Sale,—On January 5, 1899,
this county sold $25,000 i f 10-25 year (optional) bonds to
Staaongood & Mayer, Cincinnati, at 103-024. There were
eight bids received, ranging from $100 has than par to tbe
price at which the bonds were sold. Interest will be pay
•Me semi-annually at tbe Columbia Finance & Tiust Co.,
Louisville, Ky,
Cham paign County (P . 0 . U rbana). O hio .—Bond Offering

Tbe County Commissioners will sell at public auction at .2
P. m. January 30, 1899, $3,628 Of ditch bonds, as follows ;
M
eMowwi Brim, alien No 2S«. each bend *«o.
d rov e o i o li No. Sits, each born! sgu
■■tr W ebb Ditch No. Ste, u*eh bond *m.
• jw o Sr»5|l liltefi No. t } n,w|, bonil tiSO.

In te r e s t o n a b o v e b o n d s w ill b e p a y a b le February 1 an d
A u g u st. L a u d th e p r in c ip a l w i l l m a tu r e o n e b o n d o f ear. ii
se r ie s e v e r y s ix m o n t h s f r o m A u g u s t 1, 1899.

First Mat. Bank. G$yorKotQwn..4. i l 2 *flO 1 W ood A Fite* G e o r g e t o w n . ,109*02
a Mayer, C lad nr*atL 1 1 2 .* Feder, Holrmftn & Co.. Clncttt.. ..10807
Rudolph Kleyholte Co.. O n — I ii*12 I Citizen*' National Bank, Ripley.,108*00
i*. Kuhn A tk»u», Clii'lnniUl—
i U ’ XO i
A. Kean, Chicago .................. 108*00
Alta* National Bank. Clnetn
111*70 First Nat. Bank, Barnesvllle......102*56

New1st Not. Bank. Columbus ..100*75 I
Goodhue (Minn.) School District.—Bond Sale.—We are
advised that the $3,500 5f school-house bonds which were
voted last fall have been sold.
Greenville, Tenn.—Bonds Defeated.—On January 24, 1899,
tbe proposition to purchase the system of water-works for
the town and to issue bonds in payment for the same was
defeated. .
Grundy County, Tenn,—Bonds Proposed.—The issuance
of $1,000 jail bonds is being considered in the State Legis­
lature.
Hampshire County. Mnss.—Loan Negotiated .—On January
20. 1899, the Commissioners ot this county placed a loan of
$30,000, in anticipation of taxes, with Boud & Goodwin, Bos­
ton, at 2 % f, The State Treasurer put in a bid of 2 % f and
there was a third bid at 3j£ with a bonus of $(7.
Hidalgo County, Texas—Ponds Approved— On January
17, 1899, the Attorney General approved $15,500 court-house
and jail refunding bonds of this county.
Hillsboro County (P. 0. Tampa), Fla.—iVo Bonds at
Prerent.—There has been talk in the newspapers irj regard to
the issuance by this couuty of $300,000 bonds for deepening
tbe liver channel. We are officially advised that there has
been nothlDg done by the county as yet in.the matter.

19 6

T H E

C H R O N IC L E .

[V ol . LXV1II.

Iron ton, Ohio.—Bonds Voted.—At the election held in this
Mount Vernon (N. Y.) School District— B ond Sale .—On
city on January 23, 1899, by a vote of 1,197 to 448, the people January 24,1899, the $50,000
school bonds were awarded
expressed themselves in favor of issuing $15,000 public-park to the Edward C. Jones Co., New York City, at 108-27. Fol­
lowing are the bids:
bonds.
Jeffersonville, Ind.—Bond Offering.— Mr. Thos. B. Bader, Edward C. Jones Co., New Y ork.108*27 Seasongood A Mayer. Cincin___106*85£
Bertron A Storrs. New York— 108*10 N. W. Harris A Co., New York. .106*529
Mayor, writes us that he will receive proposals at any time K.
H. Gav & Co., B oston _____ .107*889 Seymour B ros.& Co.. New York.l05*58
for the purchase of $87,000 3J£jf 2oyear refunding bonds. Farson,
Leach & Co., New York. 107*82 Eastchester Sav.Bk.Mt Vernon.103’75
Wykes A Co., New York. 107*66 Yonkers Sav. Bank, Yonkers... .103*50
The old bonds which the above issue will refund have been Street.
Denison, Prior A Co.. B oston__ 107*619 New First Nat. B ’k, Columbus.. .102*35
in litigation for some years and were declared illegal by the Jose, Parker A Co., Boston........ 107*273 S. A . Kean, Chicago.....................102*031
Supreme Court. Later the city obtained permission from
the State Legislature to refund them, but was unable to do Principal will mature $5,000 yearly on February 1 from
so until the present, as the legality of the Act was attacked 1939 to 1948, inclusive. For further description of bonds see
in the courts. On December 20, 1898 (see C h r o n ic l e , Dec. C h r o n i c l e January 14, 1899, p . 96.
Newburgh, N. Y.—Bonds Proposed.—A bill recently intro­
24), the SupremeCourt declared the Act legal. Local papers
state that an offer of par for 3%% 30-year bonds has been duced in the State Legislature authorizes the Almshouse
received, but as yet it has not been accepted, as the Council’s Commissioners to borrow $8,000 for improvements to the
resolution authorizing the bonds specified 25 years as their almshouse.
New HaTen, Conn.— Loan Negotiated.—This city has ne­
maturity.
Jersey Shore (Borough), Pa.—Bond Election.— An elec­ gotiated a temporary loan of $800,000 with F. S. Mosely &
tion will be held in this borough on February 21, 1899, for Co., Boston, at 2-739$; also $150,000 for one year at 2-74%
the purpose of submitting to the tax-payers the question of through Geo. W. Curtis of New Haven, negotiated for the
purpose of refunding old town notes bearing 4 and 5% inter­
issuing $18,000 street-paving bonds.
Keene, N. H.—Loan Negotiated.—This city has negotiated est. The $800,000 loan was made in anticipation of the col­
lection
of taxes, and the money will not be advanced by the
a $25,000 loan at 3* with a local party, for which five-year
notes were given, the city having the privilege of paying any Boston firm in a lump sum, but in such amounts as may be
part of principal from sinking funds cr any other moneys needed by the city during the first six months of 1899, inter­
est to run from the date notes are drawn.
not otherwise appropriated.
New Mexico.—Bonds Proposed. —Reports state that Hon.
Knoxville, Tenn.—Bonds Proposed.—A bill now before the
State Legislature allows this city to fund $100,000 existing H. O. Bursnm, Chairman of the Committee on Finance, is pro­
mulgating a plan for refunding the entire Territorial bonded
indebtedness.
Laurel. Bel.—Bonds Proposed.—A bill providing for $20,- debt, amounting to $1,066,800, into 4% bonds. The present
000 water-works bonds has been introduced in the State rate of interest is from 5 to 6%.
New York City.—Bonds A uthorized .— The Board of Esti­
Legislature.
Limestone County, Texas.—Bond Sale.— We are advised mate recently authorized the issuance of $2,715,000 3% consol­
by the County Clerk that the $50,000 refunding court-house idated stock to redeem a like amount of 3% Brooklyn water
bonds which were registered on Dec. 22,1898, have been sold. bonds maturing July 1, 1899. Also $500,000 bonds to take
Lincoln County, Ky.—H istory o f Bonds.— Bond Offering. up a similar amount of Park Ave. assessment bonds and
—The following letter from Harvey Helm, Attomey-at Law, $500,000 bonds to pay awards for lands in the Croton wa­
Stamford, gives the history of the $42,000 4% bonds which we ter-shed.
Newton, Mass.—Loan N egotiated.—This city has borrowed
stated last week had been refused by Briggs, Smith & Co.,
$100,000from the Colonial National Bank of Boston.
Cincinnati, to whom they were originally awarded :
Norfolk, Conn.—Bonds Proposed.—A bill providing for
By an Act o f the Kentucky Legislature in 1896 the counties in this State
were authorized to issue and Bell bonds and with the proceeds buy turnpikes
the issuance of sewer bonds has been introduced in the State
Section 9 authorized bonds in denomination o f not less than $100 nor more
than f 1 ,000, interest payable semi-annually, bonds to run not longer than 30 Legislature.
years and to be redeemed within that time at pleasure o f the Court. Section
North Adams, Mass.—Bonds P roposed.—The City Council
8 provides that when pike has been transferred the charter, franchise, &e., is
dissolved at once. In violation o f these plain and manifest provisions o f the has voted to petition the Legislature for authority to refund
law tnc former 1- iscal Court, without any advertisement, simply peddled out its bonded indebtedness.
company, issuing bonds o f any denomination from
$100 to $10,000. and in one bond made the interest payable annually and the
Oregon City, Ore.—Bonds Proposed.— The State Senate
bond to run 30 years, unconditionally. This Court has had the difficulty o f
straItrbteningoat the entire matter, and has succeeded in getting the holders has passed a bill authorizing the Water Commissioners of
or all these bonds to surrender them, so that now there is no controversy this city to issue $50,000 bonds, $10,000 of which is to refund
whatever. The whole matter has been cleared away and the county has
entered all proper orders for the sale o f Jse.eOO worth o f
bonds, to be sold bonds now outstanding and the remaining $40,000 is to pro­
Jebraary l.i. lcim, and when boated will be all and the only county bonds issu-d vide for the changing of the water supply.
.o r the purchase o f turnpikes. At the time Brings, Smith A Co. purchased the
Pawtucket, R. I.—Loan N egotiated.—This city has re­
bonds (St c.oOe) there remained about *10.000 o f the old county bonds unsur?
5 5 ™ ^ ! " * ! nhicli have since been turned in, making the present issue cently negotiated a loan of $50,000 with the Colonial Na­
*6-000. \v e hud endeavored to persuade the holders o f this $10,1100 to surren­
tional
Bank of Boston.
der them ptior to the sale to B„ S. & Co., but failed.
Lincoln County, N. C.—Bonds Proposed.—An issuance of Peabody, Mass.—Loan N egotiated.— The Colonial National
road bonds is provided for in a bill now before the State Bank of Boston has loaned this town $10,000.
Perth Amboy, N. J.—Bond S a les— We are advised that
Legislature.
Lyons, 111.—Bonds V o ted — On January 21, 1899, the citi­ the $25,0004% school bonds for which proposals were asked
zens of this township authorized the issuance of $35 0( 0 until January 16, 1899, and the bids for which we published
bonds for an addition to the high school. The vote was ’g41 last week, were awarded to W. J. Hayes & Sons, Cleveland,
at 106*068.
to 334.
On January 20, 1899, this city also sold $17,000
30-year
Madison County, Ohio.—Bond Sale.— On January 24,1899
the $16,940 3% ditch bonds were awarded to Seasongood & refunding water bonds to the same firm at 117-07.
Philadelphia, Pa.—Loan A uthorized.—The Common
Mayer, Cincinnati, at 101-03. Following are the bids :
S eder- Holzman & Co., Cin...*17,0-11 00 Council has passed the ordinance authorizing a four-months
K. K ley bolt 0 A Co., Oliicln... 1/.090 00 Briggs, Todd A Co Cincin 17 017 8K loan of $200,000 for the purpose of equipping and building
Mrst Nat. Bank Circlevillo.. 17,075 00 New^ First National
17'01785
S. A. Kean, Chicago............... 17,04660 Columbus................................ 17,005 00 the Philadelphia museums.
Plymouth (Pa.) School District.—B ond Sale.— On Jan.
F o r d e s c r ip tio n o f b o n d s se e C h r o n i c l e J a n . 21, 1899
p. 147.
’ 17, 1899, the $16,000 4% bonds of Plymouth Township school
Maine.—Temporary Loan.—T he State has borrowed $100 - district were awarded to Eugene Ward, Attorney, at 101-593.
000 for one year from E. H. Gay & Co., Boston, at 2-75% and b ollowing are the bids :
P re m iu m . I
.
Premium.
$11 premium. Following are the bids received :
Eugene Ward, P lym outh................$255 | VY. J. Hayes A Sons, C lev elan d ...,$190
E. H. Gav A Co., ($11 prem.)........2’75% Adams & Co. ($12 60 prem .)...........s*00£
Rogers. Newman A Tolman.Bost.2 ' 74 * Curtis & Motley ($11 prem .)..........8*00?
Bond A Goodwin (${, prem.)........2*876£ Edirerly & Crocker ($5 prem.)........3-003
*• 8 . Moseloy A Co. ($8 75 prem.)2*91%
_•
Jose. Parker A Co.. B oston__ .3*80:5

Martiusburg,
W
.
... ”V a -B o n d s P roposed.—House bill No.
-8 authorizes the authorities of the place to refund its out­
standing bonded debt.
Montrose (Village), Minn.-Bond Offering -Proposals
will be received until 12 M. February 18, 1899, by H G
Wright, Village Recorder, for $1,500 4<t village improvement bona,8. Securities will be in denomination of ,*§500
Interest will be payable semi-annually at any bank desired
by the purchaser and the principal will mature $500 on
February 18 from 1900 to 1902, inclusive.
County, Ala.-B o n d s V o t e d .- At the special elec­
tion held January 17, 1899, it was voted to issue $75 000
turnpike bonds.
5
Morganton, C.—Bonds Authorized by State Legislature.
* ^^^L^Ggislature ^as passed a bill authorizing the isstiance of $5,000 bonds for a light and power plant
2rj^8tT°,ir”'iT.enn'—
Proposed .—A bill now before
the Sta. e Legislature authorizes this town to fund its in
aeotednf as.
Airy, N. C.—Bill to Restore Township.—The House
A i n Tntj £ >£ a8en£ >ly has pa88ed a bill to restore Mount
ah^KhpT
TwoJ e » P aS°- u is stated, the Fusionists
l
township m order to repudiate $20,000 of
nnwdL
I8
8
“edm
atdsavings
of a railway,
now held by a Baltimore
bank. these bonds]J being

New First Nat. Bank, C olum bus... *250 S. A . Kean, Chicago...........................*160
Denison, Prior A Co., C leveland... 240 D. P. Reese, Plym outh................. Par

* Bid flat.

Pueblo, Col.—Bond Sale.— The sale of $300,0004%% refund­
ing and improvement bonds to Trowbridge, MacDonald &
Niver Co., Chicago, at par is reported.
Revere, Mass.—Bonds Proposed .—This town has peti­
tioned the State Legislature for authority to issue $150,000
30-year highway bonds.
Rockingham County, N. H.—Bonds Proposed.— A bill was
recently introduced in the State Legislature permitting the
funding of the county’s floating indebtedness.
Saginaw County, Mich.—Bonds Proposed.— The Board of
Supervisors have under discussion the question of issuing
$200,000 road bonds.
3
St. Albans (W. Ya.) School District.—Bonds P roposed .—
The State Legislature has under consideration a bill anthorizing this district to issue bonds.
St. Joseph, Mich.—Bond Klection.—An election will be
held in this place to vote on the question of issuing $10,000
school bonds.
Salem, Ore.—Proposed New C harter.—'This city will make
application to the State ^Legislature for a new city charter,
one of the features of which will be the authority contained
therein for the refunding of the city’s debt at a lower rate of
interest.
San Antonio, Texas.—Bond Sale.—On Jan. 23, 1899, the
$390,000 20-year gold refunding bonds were awarded to the

T H E

J a .n u a e y 28, 1899.]

Mutual Life Insurance Co., New York City, as 4 per cents.
For description of bonds se e C h r o n i c l e Jan. 21, 1899, p. 147.
South Dakota.—B ill A uthorizing Bonds f o r W ater 'a p ­
p ly .—The Legislature has under consideration a bill author­
izing cities and towns to exceed the limit of indebtedness for
water supply purposes.
Springfield, Mass.— Loan Negotiated.— On January 24,
1899, this city negotiated a loan of $390,000 with the Provi­
dence Institution for Savings at 2-503 and $10 premium.
Loan matures November 8, 1899, without grace. Following
are the bids:
Blake Bros. A Co., B oston ...........2*74S
Providence Institution fo r Sav­
ings tflQ prera.l...........
. -.2*50* Edgerly A Crocker, Boston..........2"75*
%Co.. B oston........... 2’ 78*
Fuller. Tilton A Co.. Boston..........trVf% 1 Jose, Parker L
......—... vv„
1 Curtis A Motley, Boston
..,£*70*
Rogers,,t New man A Tolmaii
(IS
.....
........ 2 70?. Dunacomb A Jennlson, NeirTdrkj2*89*
OT0__ 1
fhms.. W ell A C o- Horton.... .........2T1S I Nat. Bank o f the Republic, N. Y..3*tX>*

Traris County, Texas*—-Band S a fa —The county has contracted to sell at par to Rudolph Kleybolte & Co., Cincin­
nati, the $13#,000 4S 10 40 year refunding bridge bonds men­
tioned in the Chronicle December 3,1898. These bonds, we
are advised, have nothing to do with the $47,000 Montopolis
bridge bonds which were declared void several years ago.
Troy, N. Y.—Bond Offering.— Proposals are asked until 13
M. February 1, 1899, by Jas. W. Coffey, Comptroller, for
$107,000 3 }4 f bonds known as “ Public Building Bonds of
1899.” Securities will be issued in such denomination (but
not less than $1,000) as the bidder shall desire, and will bear
date of February 15, 1899 ; interest will be payable semi-an­
nually at the City Chamberlain's office. Principal will ma­
ture yearly on February 15 as follows : $10,000 in 1905 and
1906, $12,000 in 1907, $10,000 in 1908, $15,000 in 1909 and
$10,000 from 1910 to 1914, inclusive. Bonds are issued under
Chapter 070 of Laws of 1892 and Chapter 761, Laws of 1897,
and in pursuance of a resolution of the Common Council
adopted January 19. 1899, and approved January 28,1899. A
certified check for i f of par value of bonds, payable to the
City of Troy, must accompany proposals.
These bonds were offered for sale as 8 per cents on January
18, 1899, but the bids received were not satisfactory.
Umatilla County, O re.—Bonds Proposed.—The County
Court has under consideration the issuance of about $14O,0C0
bonds to fund outstanding warrants.
NEW
$

4

LOANS.
5

, 0

0

0

199

C H R O N IC L E ,

Union County (P. 0. Elizabeth). N. J .—No Borui Issu e .—
It has been reported that this conntybad under considera­
tion the issuance of bonds for road purposes. Upon inquiry
we learn that the county has no intention of issuing bonds
for roads or any other purposes.
Union County, Tenn.—Bonds P roposed .—The State Legis­
lature has under consideration a bill providing for the issu­
ance of court-house bonds.
Wallingford (Conn.) School District.—Bonds Proposed..
—The House of the State Assembly has passed a bill author­
izing this district to issue refunding bonds.
Waltham, Mass.—Bond Offering .—Proposals will be re­
ceived until 4 P. m . January 30, 1899, by the City Treasurer,
for $5,000 4% water bonds, maturing Oct. 1, 1918, and $4,000
i f surface drainage bonds, maturing January 1,1919.
Ware County, On.— Loans Negotiated .—This county has
recently placed the following 8? one year loans: $3,000 with
Henry Strickland: $1,500 with D. A. Jordan, and $1,000 with
the Knights of Pythias.
Washington County, Tenn.- Bonds Propose —The issu­
ance of bonds for the improvement of roads is contemplated,
bnt as yet nothing definite has been done in the matter. This
county, we are advised, has no outstanding indebtedness.
Washington, Pa.— Bond E lection .—A n election will be
held in February to vote on the question of issuing $8,000
fire-apparatus bonds.
Watertown, Mass.— Proposed Purchase o f W a te r -W o r k s .—
A town committee appointed for the purpose has completed
arrangements whereby the town acquires the property of the
Watertown Water Supply Co. for $400,000. A town meeting
will be held February 2. 1899, to ratify the arrangements ana
to act on the question of raising the necessary money.
West Ilohoken (Town), N. J.—Bond Offering.—A s stated
last week, proposals will be received until 8 p , m . February
1, 1899, by the Town Council for $45,000 4t school bonds.
Further details are now at hand. Thirty of these bonds will
be in denomination of $1,000 and thirty in denomination of
$500 each, and all will bear date of March 1, 1899 ; interest
will be payable semi-annually, and securities may be regis­
tered or have coupons attached, at the option of the purINVESTMENTS.

I N V E S T M E NTS.
V i r g i n i a D e fe r r e d C e r tific a te s

TOWN OF

H IG H

G R A D E

State, Municipal, County, School

The date fixed by the W alker contract o f J an e lb.
fo r t be withdrawal without charge o f toe cer­
tificate* deposited thereunder with the Fanner*'
y Loan A Treat Company, bavin* expired to 1 M » lrC>*si Investment* for Savlfig* Bank* in Now York
at)d all New England.
and the stamped receipt* heretofore tanned for such
certificate* being now n#> longer quoted on the X*w
H U D S O N C O U .N T V , N . J . ,
York SUrJt Exchange. the holder* o f thoae and R u d o lp h
K l e y b o l t e & C o ,,
other certificate* are arsed to deposit the Mune
S C H O O L B O N D S .
B A N K E R w,
with Mearr*. Brown Brother* A C«>„ the Deporttarle* o f the undcrrtgnod Committee, In order that
No, 1 Nnatnu Sirrei, New York,
a new quotation may be prom ptly *edited from the
3d «$nd W a ln u t street# , Cincinnati* O.
Stock Exchange, and a plan o f settlement im m e­
Sealed propo#*!# will be received by the Town diately presented for the acceptance o f deportting
Co ancil o f the Town o f W w t Hoboken, at the Town creditor* before It I* too late for the present «e**km LIrtTF M A IL E D UPON A P P L IC A T IO N ,
Hall, corner o f Charle* S»re«t ami Clinton Avenue, o f the Legislature.
in said town, $m
The holder# o f upward# o f #f jkXM'OOo f Virginia
Deferred Certificate# have already deposited with or R U T L A N D R A I L R O A D 0 0
pledged their certificate* to thl* Committee. A eonA T KIUIJT O’CLOCK.
tlderable further deposit is now neoe**arr in order
fo r the Dorcfease o f forty-five (boa«and dollar* to obtain the proposed n«nr Q u o t a t io n and to admit
"School Boo-1 * o f said town to he i«*u«d under the o f prtvrtng the matter o f settlement.
authority o f the A ct o f the Leal* Fairs r*> o f New Jar
DUE J l ’ L Y 1ST, 1 0 11.
iMsy entitled " An Act to gafhorlxe the purchase tif
J O U R C l t O M I i r B R O W N ', r i i a lr m n n t
land* and the con*tract i n o f school houses t hereon
F u ll d e s c r i p t i v e c i r c u l a r on a p p l i c a t i o n ,
and the leaning o f bond* to rmt«c money to p«y the
J.
KEN N EDY TOD.
cost o f the same. In town# o f thl#
approved
June 14, lew*; **ta bond* will bear interest at the
G EO RdE COPPELL,
rate o f four per cent per annum, payable
E. H . R O L L IN S & S O N S ,
C I ,A t tE K C E C A R Y .
AnriTmily, and may he either rvff!A«red or have
coupon* attached for the payment o f each halfIII
M ilk S tr e e t, B oa ton , M n a .
year’s Interest, at the option o f the purchaser;
ROBERT L. H A R R I8 0N , Secretary.
thlrtv o f said hood# will lie for the sum Of one
thousand dollars each, and tblrt v will he for the *nm
o f five hundred dollar# each r the hood# will hear
date March 1st, 1««». and will be delivered on that
N O T IC K T O U O L D E U . n O F
day, arid will become due and be payable a* follow*,
P U B L IC S E C U R IT IE S
vt*.; Fifteen hundred dollar* thereof on the first
day o f March, tlttfit. and fifteen hundred dollar*
H
E
N
R
Y
C
O
U
N
T
Y
,
O
H
IO
,
thereof annually thereafter.
SUITABLE FOR
The bond* will be sold to the person or corporation
o®ertne;the term* most advm tagcoa* to the town.
B
O
N
D
S
The bood* will be delivered to the purchaser on the
S A V IN G S B A N K A N D T R U S T
f l m day o f March. 1WO, on receipt o f the prtee bid,
The Commissioner# o f Henry County, Ohio, will
Bach proposal must be accompanied hyadeposlt o f
pay tor any number o f the H Refunding Boml*.
three per cent o f the amount o f the hid, which dew issued
F U N D S .
July
1st.
1«SK
>,
redeemable
July
ist,
hk*>, par
posit may be either in money nr certified cheek to
f he order o f the town. for which deposit the receipt four per cent <4y) premium, and accrued interest , at
Treasurer's office. Napoleon, Ohio, if delivered
nf the Town Trea-nrer w»l| be given : the deposits the
o f unsuccessful bidder# will be returned Immediately on or before July l*t, 1«pt».
D A V ID F. COB, County Auditor.
after the award o f the bond* I* m ade; the deposit o f
the successful bidder wtU t<e retained and will be ap ­
plied a# Dart payment o f the purchase price, or, in
ease o f failure to wonplete the purchase within the
prescribed time, the bond* w «i be twain advertised
C H IC A G O .
SEW V O R K ,
for sale, and all cost# and expense attending such
$ 1 5 0 ,0 0 0
re-advertlsing. a* wen a* ail loss suffered by the
1 0 0 Iln -n rb orii S t.
:tS N u i u S t .
town on account o f such failure, will he retained
out o f and deducted flora such deposit and the
balance returned to the depositor.
C IT Y
OF
C A M B R ID G E .

W E S T

BONDS.

H O B O K E N

Wednesday Evening. February 1,1890#

4’ i'S First Consolidated Mortgage
Bold Bonds,

LISTS MAILED ON APPLICATION.
Farson,

All proposal# roust he enclosed In sealed envelopes,
which shall be endorsed " Proposal* for Behoof

Bond#.**
No conditional bid will he received.
All bids that do n o not com ply with the terras
stated herein will be considered informal, and will
-e rejected.
Dated .fannarv I f, jgpp.
By order o f the Town Council,
J o h n p. McMa h o n ,
Town Clerk.

MASSACHUSETTS,
20-Year 3 % Per Cent Bonds.
Price and particular# on application,

W h an n & Schlesinger,
71 BROADWAY, NEW YORK.

&

C o .,

B lo d g e t, M e r r itt &
BANKERS

C o .,

16

Leach

C o n g re ss

S tre e t, B o sto n .

15 Wall Street, New York.
STATE, CITY & RAILROAD BONDS

T H E

200

[ vol. l x v i u ,

C H R O N IC L E .

Redemption
As8et8mft
chaser. Principal will mature f 1,500 yearly on March 1 from
R nds.
Bonds.
102-42
10083
Yonkers Savings Bank. Yonkers................
1903 to 1931, inclusive. Bonds are issued pursuant to an Act Jose.
102*216
100-627
Parker & Co., B oston ...........................
10 2'20
102*20
Allen.
Sand
&
Co
(all
or
n
on
e)....................
of the Legislature of New Jersey approved June 14,1893. Benwell & Everltt. New Y ork.....................
102*15
100-25
102-075
100-119
Leach & Co.. New Y ork.................
Proposals must be accompanied by 3£ of the amount bid, Farson.
101-651
100-65*
P eople’s Savings Bank, Yonkers (150.000)
Par
Par
De
Van
&
Co.
(all
or
none)............................
either in money’ or certified check to the order of the town.
The redemption bonds will mature February 1,1902, and
John P. McMahon is the Town Clark.
the assessment bonds will mature February 1, 1900.' For fur­
The official notice o f this bond offering will be fou n d else­ ther description of bonds see C h r o n i c l e of last w e e k , p . 149.
where among the advertisements in this Department.
Bonds Proposed .—A bill now before the State Legislature
authorizes this city to spend $96,000 on docks and piers and
wilkeabarre, Pn.—Bond O ffering—Proposals will be re­ $55,000
on the Fire Department, and also provides that the
ceived until 12 m . February 1, 1899, by Frank Deitrick, City
Clerk, for $94,800 3
refunding bonds. These bonds are issue of bonds for street improvements may reach $340,000.
part of a $210,000 loan issued for the purpose of refunding
$69,000 4l,<{ sewer bonds and $150,000 5jt improvement bonds.
STATE AND CITY DEBT CHANGES.
The remaining $115,200 have been taken by the holders of
the old bonds New bonds will be dated February 1, 1899,
Ann
Arbor, Mich.—Glen Y. Mills, Clerk. The city is in
and interest will be payable semi annually. Securities will
mature on February7 1 as follows : $300 in 1905, $500 in 1908, Washtenaw County.
P a v e m e n t B o n d sLOANS—
W hen D u e.
$4 000 in 1919 and $9,000 yearly from 1920 to 1929, inclusive.
58, $30,239....... March, 1899-1902
w e r B on d s—
Bonds are free from ail taxes except those assessed for 5 sS,e........
, $ 2 0 ,0 0 0 ....Dec. I, 1899 Bonded debt Jan. 1, ’ 99. $73,064
($2,000 yearly.) to Dec. 1,1908 Assessed valuation ’98.-7,136,620
State purposes. Bidders must satisfy themselves as to the
, $7,500.... Mar. 1, 1899 Assessment about % actual value.
legality of the bonds and so state in their proposals. 55 ss ,........
,..........
5,000.Mar. 1,1899 00 Tax rate (per $1,000) 1898.$14-62
A certified check for 10 per cent of the amount of bonds 5 s ,.......,
Population in 1890 was....... 9,431
10,324..Mar. I , ’99'01
bid for, payable to the City Treasurer, must accompany pro­
Population in 1899 (est.)...15,000
posals.
INTEREST is payable in Ann Arbor.
Winthrop, Mass.- Bonds Proposed .—Legislative author­ O PTIONAL—All bonds are subject to call.
ity is being sought by this town for the issuance of $35,000
Atlantic County, N. J.—L. C. Albertson, Collector. Mays
80-year road bonds.
Woodson County (P. 0. Tates Center), Kan.—Bond Offer­ Landing is the county seat.
LOANS—
W hen D u e. Bonded debt Dec. 1, ’ 98. $41,500
i n g . — Proposals will be received until 12 H. February 8, 1899,
B r id g e B o n d s —
Assessed val'tion, real.,16,907,114
by W. O. Eicles, County Clerk, for the $80,000
court­ 5s............
$6,000.............1899-1902 Assessed val’tion, per’l. 1,597,714
house and jail bonds which were voted at the election held R o a d B o n d s Total valuation 1898 ..18,504,828
4128, ........ ,$20,500 ....1899-1907 State & co tax (per M.) 98..$7,137
in November last.
f u n d in g B o n d s —
Population in 1890 w as__ 28,836
Woodsyille (N. H.) School District. —Bonds Proposed.— 4 HR es ,........
, $15,000.................1902 Population in 1898 (est.). 40,000
A bill now before the State Legislature provides for the issu­
Bradford County,[Pa.—J. G. Waldron, Treasurer. Tonance of bonds by this district.
Yonkers, N. Y.—Bond Sale.— On January 25, 1899, the awanda is the county seat.
$125,0004,? redemption bonds and $13,500 4%assessment bonds
LOANS—
W hen D u e. Assessed val’ation.perT $1,164,054
..s, J&J, $50,000........ Jan. 1, 1902 Total valuation 1899...21,314,874
were awarded to the Yonkers Savings Bank at 102-42 for ..s,
J&J, 100,000........Jan. 1, 1907 County tax (per M) 1899___$2-50
the former and 100-83 for the latter. Following are the Bonded
debt Jan. 1,’ 99. $150,000 Population in 1890 was...... 59,233
bids :
Assessed val’ation,real.20,150,820 Population in 1898 (est.)...70,000

INVESTMENTS.
ADAMS

INVESTMENTS.

& COMPANY,

G O V E R N M E N T ,
A N D

INVESTM ENTS.

M U N IC IP A L

R A IL R O A D

B O N D S

BANKERS,
DEALERS

in

C.
IN V E S T M E N T

H.

W H ITE

BON DS,

&

CO,,

Members o f Boston Stock Exchange . 1

S O L D .

APPRAISEMENTS MADE OR QUOTATIONS
FURNISHED FOR TU B PURCHASE, BALE, OH
EXCHANGE OF ABOVE SECURITIES.

L I S T S ON A P P L IC A T IO N .

N. W .

HARRIS

C O .,

&

BAN KERS,
31 N A SSAU S T . (B ank of Com merce Bldg.}

3 1 N ASSAU S T ., N E W Y O R K .

And Other Desirable Securities.

DEALERS IN
Individual Accounts received subject
MUNICIPAL, RAILROAD,
to check at sight in London.
STREET RAILWAY & CORPORATION
Cable Transfers.
BONDS.
M U NICIPAL
BONDS,

Securities Netting from
D U K E

G as

M .

T R O W B R ID G E ,

A.

NEW YORK
1 NASSAU STREET.
PH ILA D E LPH IA - 121 CHESTNUT ST.

B an k er,

I S ii D earborn S tre e t,
C H IC A G O .

D e v itt

MUNICIPAL

______

&

1 7 1

City,

School,

______

n

i c i p a l

L A

S A L L E

B

o

n

d

s

,

M U N ICIPAL

BO N D S,

1st Nat. Bank Bldg.

• • CHICAGO

M U N IC IP A L

John

W . D.
&

C O .,

C IN C IN N A T I, OHIO.

V an

V le c k ,

33 N ASSAU S T R E E T , - - NEW Y O R K .
M U N IC IP A L

B O N D S .

&

C o .,

BANKERS,

1st National Bank Bnilding, Chicago.
Correspondence solicited.

S T R E E T ,

CH ICAGO.

B O N D S .

N uveen

IN V E S T M E N T

R e fe r e n c e , F ir s t N a tio n a l B a n k
C A S H

Bonds.
T O D D

BON DS.

C H IC A G O .

u

M a c D o n a ld
& N iver C o .

Co.,

F. R . F U L T O N & C O ~
M

S ta te ,

B R IG G S ,

F A R S O N .

F ir s t N a tio n a l B a n k B u ild in g

BONDS.

LISTS SENT UPON REQUEST.

A LW A Y S ON HAND.
for our Investm ent Circular.

R a ilr o a d ,

R a ilw a y a n d

County,

to 6%

Information given and quotations furnished con­
cerning all classes o f stocks and bonds that have a
Cleveland market.

8 end

M.

DEALERS IN

o .,

C e n tu ry B u ild in s, C L E V E L A N D , O H IO ,

E D W A R D C. JO N E S CO.

S tre e t

THE

L a m p r e c h t B ros. C

C h a r in g C ro ss, L o n d o n .

Municipal Bonds.

M u n ic ip a l,

C O .,

OFFER FOR SALE:

A N G L O - A M E R I C A N B A N E , L t d .,

G o v e r n m e n t and
M unicipal Bonds
A N D

&

AGENTS FOR TH E

BOSTON.

B O U G H T

L E W IS

B AN KERS.
60 D evo n shire S tre e t, B oston,
1 7 1 L a S a lle S tre e t, C hicago,
Reno C ounty, K a n s a s ..................................4^ s
P a le stin e , T e x a s ........................................... 5s
J o lie t G a s Co., J o lie t, III............................5s
South Om aha, Neb
.................................6s
B ayfield C ounty, W is ..................................5s

BANKERS,

No. 7 Congress and 31 State Streets,

M A S O N ,

P A ID

C hicago.

F O R

K a n s a s M un icipal Bonds in d e fa u lt,
W ic h ita M ortgages, d e fa u lt o r not,
W ic h ita or S ed gw ick C o. R e a l E sta te ,
F oreclose M ortgages, etc.

DEAN G O R DO N, Financial Broker,
W IC H I T A , K A N S A S .