The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
—
1
.
pimTtrial
mmtt^
Supplement
Quolalion
Street Kail way Supplement
(Monthly)
State and
Investors Supplement (guaneriy)
[Entered according to Act of Congress,
YOL
C% Supplement ^Amu^^
m the year 1899, by the William B. Dana Oompant, In the ofiSoe of the Librarian of Congress.] ""
SATURDAY, JULY
69.
NO. 1776.
1899.
1,
Week ending Jxme
%\it ©Ixrcruxcle*
Clearings
at—
189S.
1
898
PUBLISHED WEEKLY.
of Subscription— Payable in Advance :
$10
For One Year
6
For81x Months
12
European Subscription (including postage)
(including
Months
postage)
Six
7
Snbscription
European
£2
Annual Subscription in London (Including postage)
New York
Terms
—
Six Mos.
*1
do.
do.
do.
Above subscription Includes—
The Quotation Supplement
The INVE8TOH8' Supplement
I
|
00
00
00
00
lOs.
lOs.
Street Railway Supplement
State and City Supplement
Terms of Advertising—(Per Inch Space.)
$4 20 Three Months (13 times).. $29 00
Transient matter
••
Six Months
(26
).. 50 00
standing business cards.
" ).. 87 00
(8 times) .. 22 00 Twelve Months (52
Two Months
London Agents:
Edwabds &
Is. each.
DANA COmPANV,
\riI<IiIAllI B.
Pine Street,
Post Office Box 958.
YORK.
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses
of the United States for the week ending to-day, July 1,
have been $1,820,065,289, against $1,560,120,138 last week and
$1,382,336,083 the oorresponding week of last year.
Week Ending July
lUtwmi hv
Telegraph.
new York
$917,470,458
106,S31,&61
90,013,106
14.870,453
Boston
Philadelphia.
Baltimore.
Oblca^
108,487,141
29,018,000
6,697,172
Lotus
New Orleans
».
Seven cities, 5 days...
Other
cities,
Total
AU
6 days
all cities,
olUes, 1
6 dars...
day
Total aU cities for week.
The
1899.
1.
1898.
$842,924,105
84,621,266
66.368,368
16,811.148
89,603,392
22,496,794
4,584,708
Per Oent.
+42-7
425-9
+36-7
-11-5
+21-2
+29-0
+22-1
$927,308,771
181,014,707
"+37-2
•1.446,046,348
375,018,941
$1,088,323,478
294,012,656
+32-8
+27-6
$1,820.066.289
•1.382,336,033
1097,687.210
763,1; «7,Oou
-I-42-9
633,6k<4.4C7
139,702.8 li
5,766,000
92 634.987
-h61-0
4,761,100
2,033 8»2
1,372,305
1,367,749
-I-21-1
93,183,824
4,71U,000
2,020,854
1,257,018
1,229,406
1.251.792
1.233.976
788.627
498.284
435.600
ltO.015 991
____2^57^000
588,092.330
80,025.737
4,294,500
2.192,229
1 227,279
1.396,350
1.317,476
1.193 874
705.878
554,364
381,906
98,288,682
82,569,446
2,lo6,91.<)
1.1^0.674
1,107,704
1,450,458
634,u61
Worcester
Portland
Fall River
Lowell
484 490
Total New Eng..
ChicaKO
,
Indianapolis
Peoria
Springfield, Ohio...
Canton
2^7,-/08
179,161,567
15,502.614
2,373,665
1,020,158
1,038,771
1.720,3^0
l,li)9,114
Tacoma
791.635
497,134
26»,< 86
136,389
Heler^i
Paul
Joseph
Des Moines
Davenport
St.
..
Sioux City
Topeka
Wichita
Fremont
Hastings
Tot. other West.
St. Louis
New Orleans
Louisyllle
Galveston
Houston.
Savannahs
Richmond
Memphis
Atlanta
Nashville
Norfolk
Fort Worth
Birmingham
Macon
Rook
Little
Chattanooga
Jacksonville
Total Sonthem..
Total all
Outside N. York
,
Hamilton-
,
St.
John
Victoria*
Vancouver*
ToUl Canada
Not Included
3,1163,400
2.735,082
1,494,114
1.715,786
660,223
767,693
76^,788
333,662
366,706
374,328
307,800
-flO-2
-14-3
-»-24-8
-f21-9
+2Tb
-14-6
-H-0
-(-18-2
-(-120 6
1,181827
818,276
640,8dt
552,804
2u5,980
83,554
10,631.762
6,166,909
6.264,798
4,128.483
2.181,387
2,981,139
1,113.762
759,124
739.542
421,811
6,107,800
3,10J,000
2,484, lOf.
1,210 531
1.370,336
849,760
670.239
1.82-2,813
'.436,627
1.020,909
817,077
11830,750
6,178,886
6,108,596
4,887.426
2.736,500
1.946,770
1.404.488
1.400.694
732,078
670,01»
-1-18-9
215,323
233 614
161,166
212.628
144,727,969
12,213.441
1,536.495
1,320.008
1,188,933
6,149,fc5o
490,186,553
59,910,072
16,368.472
ls,010,997
3.860.362
— 18'9
-h33-7
11,581.816
10.180,778
5 488,930
4.028 723
2,686,813
3.345.473
1,131,438
801,300
811,994
613,322
478,192
122,002
129,878
+ 13-5
306.1it4
19,785,881
-(-26-5
-f29-3
+7-1
268.6P8
281,800
2t4 661
246 309
207,611
181,121
176,61
258 842
214 600
232,880
240,171
283,780
133,826
149,909
-1-238
116,9»6,683
120.684,398
•f86 6
10,001.597
',874,642
1,069.919
800,118
686,857
h62-3
63,767
9.986.937
1,143,463
933,913
1.036.890
577,966
380,764
623,393
544,807
169,496
74.000
+29-3
-flOO
15,635,413
15 469,648
7,738.331
5,754,878
4,386,683
3,904,689
2,255,906
1,068,2J2
800,000
037,663
530,995
478,948
401,786
61,163
90.268
7,903.203
5.631.666
4.617.011
4.613 755
1,926.29S
. :986,006
863,088
479.39S
300,386
299.832
381.982
69.205
68.031
-I-64-6
-1-37 -4
+44-9
-I-
38-2
6
-(-33
— 10-1
-•26-2
-
-f65"2
-13-2
—2-4
-t-23-6
-t-12-2
-t-i-e
-+-5-6
-t-9-7
-H6-6
651,7'20
609.612
460.100
143,079
447.14t-
-f-8-9
b9.409
107,411
-f78-3
-(-15-3
28,101.606
28.191.891
-(-87
889.9P3
602,26
820,188
608,080
371.000
825,083
286 318
283,659
35.907,075
34,439,705
5,936.826
0.122,440
2 451,900
2,350.000
1,602,789
2,884,705
1,176,606
834.800
723,118
909,600
681,203
416,718
878,305
414,105
430, OOu
246.313
287,536
177.0«1
22.363,751
5,361,284
5,592,622
1.634,100
1.798,548
1,600,413
2,08?,006
1,614,320
1,122,023
766,159
761,133
628,806
487,210
543,799
354,530
453,000
226,699
289,441
164.172
18.877.083
6.060,179
4,880.865
1.425,850
1,612,231
1.299.387
2,024,941
1.669,560
836,465
853,937
921,311
430,000
61,746 560
64,002 289
-(-14-2
47,467.479
1.560,120,138 1.129,092.824
-(S8-2
948,187.382
474.(502 957
-t-29-4
13.876,035
8,135,639
1,616.168
1,115,361
-(-21-8
-(-11-7
440.189.210
9,386.260
6 382.705
978.319
920.22"
4te6 147
651.923
41,417,640
27.661,896
8,386,293
6,860,801
2 ei4 260
2 284.714
1.893.872
2,68^.956
1.622.020
1.384.436
1,059.749
614.381.606
16.429.473
Montreal
Toronto
Winnipeg
Halifax
-4 7
-30 9
26,678,888
l.'.;55,069
Augusta
KnoxvlUe
1.28'),ao7
1.316,774
066,19c
7> l.t»9
3,866.8!-0
BUS, -418
333,8 .6
Omaha
-)-7-l
-13-0
-9.2
-I-17-1
-I-37-9
-I-2-8
8,629,695
6,566,680
4.60O,t00
2,812,144
l,69j,000
Saginaw
Rockford
Kansas City
-(-«2
78,431,062
12,220,050
Akron
Kalamazoo
.
6
-t-450
YounKstown
Fargo
Slouz Falls
Total Paclflc
-3
-h23'4
-^^o•&
-h20-2
-H24-6
SpriQKfleld.m
Lisxlngton
Spokane
-f33'
98,687,791
13,484,100
6,051,800
7,648,786
4,756,704
651.909
290,808
417,128
389,202
363,600
106,169
272.215
Portland
24-1
123.714,441
16,247 600
Evansville
Seattle
-I-
-1-24
48-J.007
1,048.874
905,018
Los Angeles
15,456, ;45
8.930,667
1.924,807
1.548,263
1,179,26"
106,511,980
2.Ul,814
Tot. Mid. West'n
San Francisco
Salt Lake City
.31-9
154,438,255
7,<i78,170
Milwaukee
Columbus
-f-4u-7
41d,057
Bedford...,
Denver
the week covered by the
above statement will be given next Saturday. We cannot,
of course, furnish them to-day, bank clearings being made
up by the various clearing houses at noon on Saturday, and
hence in the above the last twenty-four hours of the week
have to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous week, covering the returns for the period ending with
Saturday noon, June 24, and the results for the corresponding
week in 1898, 1897 and 1896 are also given. In comparison
with the preceding week there is a decrease in the ag^egate exchanges of one hundred and seventy-three
million dollars, the loss
at
New York being one
hundred and ninety-two millions. Contrasted with the
week of 1898 the total for the whole country shows
an increase of 38-2 per oent. Compared with the
week of 1897 the current returns record a gain of 64o
per oent, and the excess over 1896 is 75-6 per cent.
Outside of New York the increase over 1898 is 29-4 per oent.
The excess over 1897 reaches 39-6 per oent, and making
ocHnparison with 1896 the gain is seen to be 54-2 per cent.
full details of clearings for
594648
261, lot.
1,470,(J48
St.
~31-7
597,732
-t-7-8
SpiiDKfleld
Minneapolis
•1,272,026,880
173,019,468
-I-42-9
New Haven
Toledo
Grand Rapids
Dayton
CLEARING HOUSE RETURNS.
CLBABINaS.
BlnfThamton
Total Middle.
Boston
Pro7ldence„ ...
Hartford
Cleveland
Corner of Pearl Street,
;3-»,8l;i
1,4«3.25h
1,0S3,8&9
1,142 Oi«S
992,»18
367,400
WUminKton.
1896
-1-25-9
4 872,226
2,fBl.218
Washinfrton
Rochester
Syracuse
Scranton
-1-443
655.2He.867
66.013.606
21.810,500
1887
907,090
694.(07
342,800
28.7;0,ai'19.1!-4,778
Buffalo
P. Otnt
24.
-t-1
Pittsburg
Baltimore
1889.
I
537.998,173
57,810.578
14,937,195
13,340,177
3.90^,911
1,83 1, 168
1.318,715
856,314
91,4S0,707
Cincinnati
Detroit
Publlsbera,
TiKMT
945 738,533
Philadelphia....
New
smith, 1 Drapers* Gardens, E. C, will take subfloriptions and advertisements, and supply single copies of the paper
Messrs.
(semiAnnuajj^
9910.684
1.805,840
1,265.015
718,406
601, 4"5
641961
517,416
-I-21-5
41-4
12-2
t
-(-6-6
-3
8
-I-18-1
-9-9
-(-29-4
-(-481
-(-46-6
438-0
-(-62-6
-(-44-8
-6-6
-(-45-4
-18-7
-(-33-0
-0-4
-(-•26-0
+11-2
+12-6
-(-120
-fl6-2
427 833
680,184
846,430
280,096
189,593
220,211
ri 020,700
888,370.322
'398.313.073
8,918,810
6,flH,634
835.190
877.491
618,154
SIO.OOO
4fl6.213
704.867
29,720,823
in totals.
35,90^676
+ 1*
17,884,608
17,374,8eS
THE (CHRONICLE
2
[Vol. LXIX.
again observable, only in a still more
For the first week of June
The report of a deal in course of consummation the increase in the aggregate was, roughly, 9 per
between the New York Central and the Boston & cent; for the second week of .lune it proves to
Albany railroads had the effect, early in the week, of have been a little over 11 per cent, while now for the
giving a fresh start to the stock market. The move- third week of June, according to a preliminary tabument was also quickened and broadened by extremely lation we publish to-day, the gaiu reaches no less
encouraging railroad traffic reports, an influence than $1,148,651, or over ]6| per cent. In other words,
which was reenforced by the improving crop prospects. the improvement is progressive, and furthermore 't
THE FINANCIAL SITUATION.
on Thursday) the forward movement
seemed to have been arrested. This was caused in
part perhaps by the suggestion that the reported deal
of the New York Central was delayed and might not
go through, or at least that its success had become less
immediate and certain because of the publicity the
details had attained: in part no doubt it was a result of the higher interest rates; and in part also due
to the circumstance that gold engagements for shipment to Europe were continued and thus for the
week proved larger than anticipated. Bat not even all
of these influences were powerful enough to offset the
improving traffic reports of our railroads. Yesterday
the tendency was upward again, and after the close
of business came the news that the directors of both
the Central and the Boston & Albany had approved a
Later (that
is
lease of the latter to the former.
To-day the new
acteristic
marked
is
degree.
must be remembered that it follows some increase
last year, though in June of that year the increase
was not as heavy as in some of the other months. In
the case of many of the separate roads the ratio
of gain for the third week
is
two to three
times that shown above for the roads as a
whole, and the improvement extends to practically
all parts of the country.
The Milwa-tikee & Sr. Paul
in its third-week statement records $148,891 increase,
or almost 25 per cent; the Northern Pacific has $126.-
816 increase, or over 30 per cent; the Oregon Navigation $32,722, or over 20 per cent; the Louisville tt
Nashville $90,835, or over 22 per cent; the Norfolk
& Western, $68,651, or over 40 per cent; the Wabash
$51,867, or over 20 per cent; the Texas & Pacific
$46,784, or over 45 per cent, &c., &c.
These gaiias
are of such magnitude that they would be hard to-
year of the Government understand except that on certain classes of freight,
opens.
We have not as we write the exact figures of like iron and coal, the roads are getting higher rates.
income during the twelve months which closed yester- A larger volume of business, combined with better
fiscal
The May receipts were $44,786,000, and it rates, obviously operates to swell earnings very fastlooks now as if the -June total would be a little in As it happens, too. Western roads are having an enBut leaving the review of the larged grain traffic, comparison being with the period
excess of that amount.
old year's results for another week, enough is known last year when old supplies of graia had been, to a
day.
of the nrospective (lovernment
income from the more large extent, exhausted by the Leiter wheat corner.
recent leceipts to congratulate our readers on the
favorable outlook.
Of course the army expenses
Most important of all, however, is the fact that the
are at the moment to some extent an uncertain improvement extends to the net results as well as to
quantity, depending upon the turn of affairs in the gross. Of course we have no returns of net a&
the Philippines, but it looks now quite probable
that Secretary Gage's estimate of deficit for year
ending .June 30 1900 would more likely be too
high than too low. Overmuch as a precedent should
not be drawn from the favorable balance in the
month (June) just closed, for it is not likely to repeat
itself soon. The promise, as we write, is that the excess
month
But a good many
prominent companies have this week furnished exhibits for the month of May, and some of these are
impressive in the extreme. We have room for only a
few illustratiocs. The Atchison reports its 1899 net
yet for the
of
.June.
than for May 1898, being an increase of over 60 per cent.
This may be deemed exof receipts over disbursements in June will be not ceptional, since expenses on this road are now being
Daring the last ten reduced, so much of the renewals having been
far from 14 million dollars.
years there have been only four months in which the crowded into the early part of the fiscal year. But
returns
balance has exceeded 13 million dollars. The present many
other
are
less
favorable
only
The Southern Railway has $98,375
result has been due to small disbursements no pay- in degree.
ments (that is less than $600,000) on account of increase in net, or about 20 per cent; the Louisthan the average ville & Nashville $'<!24,635, or 43 per cent; the Erie
interest, and smaller outgoes
in
most of the other departments.
We do $147,813, or 20 per cent; the Big Four $54,660, or
not mean tbat the receipts have been small; they over 21 per cent; the Hocking Valhy $24,433, or 40
have been large in truth the largest not only of the per cent; even the Wabash (which for so long has
year, but the largest for any month in a good many made only an indifferent showing as to the net, on acThis has been due chiefly to the collections count of the policy of the management in spending
years.
on account of the internal revenue taxes, reaching so freely for repairs and betterments) this time comes
probably over 34 million dollars, or the largest for the to the front with a gain of $121,373, or nearly 44 per
Revenue from Customs dues will cent. la a few cases, like that of the Milwaukee &
twelve months.
probably prove to have been less in June than for St. Paul, the improvement in gross has bet n wholly
several other months, but is likely to be larger in absorbed by an augmentation in expenses, but in
1899-1900 than in the past year. Altogether the general the tendency is the other way.
Nor should we omit mention of the exhibit of the
Treasury outlook is very satisfactory.
Pennsylvania Railroad. That road is everywhere acindustries, and
earnings
is still the most cepted as typical of the country's
The expansion in railroad
We referred in our just now it is deriving special benefits from the great
striking feature in the situation.
last issue to the gradual increase in the ratios of gain activity and prosperity of the iron and steel trades.
This char- It is only necessary to say that for May that company
as disclofed by our weekly compilations.
—
—
better by $494,904
.
JULY
THE CHKONIOLE.
1, 1899.]
crease
east
Pittsburg
of
crease
on
gross
in
the
the
lines
in-
operated
directly
and Erie, and 1319,600 inand $214,600 increase in net
west
operated
directly
lines
On
burg.
on
net
in
and $289,000
increase ia gross
reports $619,100
the combined
of
lines, therefore,
Pitts-
the im-
provement reaches $938,700 in gross and $503,600 in
net which follows $696,100 gain in gross and $55,-
—
Nor does this by
net in May 1898.
any means cover the whole of the Pennsylvania
system.
The roads controlled but separately operated have done equally well, the Philadelphia Wil800
in
loss
&
Baltimore showing gross added to in the
sum of $144,400 and net $117,300, the Northern Ceu
tral $63,700 addition to gross and $45,500 to net, and
the West Jersey & Seashore $45,100 in gross and $36,-
mington
The following furnishes
700 in net.
a six-year com-
parison for the Pennsylvania lines directly operated
east of Pittsburg.
Lines bast or
Pittsburg.
1890.
.
Operat')? expenses.
Net
Jan.
e»rniiigs,..
1 to
May
1897.
1816
1885.
1894.
~r
$
i
$
«.018,867
6,399,767
5,085.5«»
5,173,667
5,1S3.F67
4.247.3e8
4.091.170
3,761.070 8.476,270
8.74B.170
3.604.370
2,986.24(0
1,937,607
1,638,697
1,4S!8.497
1,529,197
1.291.078
Ifay.
dross earulnKS.
1898.
1.609,297
82. 76;86.1U,87e|«4.W4.1T<' 25.199.67H 24.670,476 22.0«5.886
e7
Operat'g expenses.
20,15t)
Net earnings.
051 t-<,804,l51|l7,24<l,061 18,671.8
.?2fl,125'
7 310.7.'6l 7,160,186
1 17,886.951 16.040.012
6.584.826
6,684,626
per
the range was from 4 per ceat to
2 per cent, with the bulk of the business at 2^ per
cent.
6.046.884
3;^^
On Monday
and the higher rate was recorded in the last
hour.
On Tuesday loans were at 3 per cent and at
cent,
2^ per cent, with the majority at 2^ per cent. On
Wednesday the range was from 3 per cent to 2^ per
cent, with the bulk of the business at 2f per cent.
On Thursday loans were made at 6 per cent and at
2^ per cent, with the majority at 3 per cent, and in
the afternoon considerable amounts were loaned at
4 per cent and at 5 per cent.
On Friday the range
was from 15 per cent to 4 per cent with the bulk of
the business at 6 per cent, and there was an urgent
demand in consequence of borrowing until Wednesday, as the Stock Exchange will be closed from
Saturday noon until Wednesday morning. Banks
and trust companies quoted 2^ per cent as the
minimum until Thursday, when loans were made
at 3 per cent, and by some of the institutions
On Friday bank loans were
as high as 5 per cent.
generally at
«
1.
Oi'oes earnings
15 per cent, and at 2 per cent, averaging about
6
per cent.
Time contracts are more
The offerings
firmly held, especially for long dates.
and
money can be borrowed on good mixed Stock Exchange collateral at 3@34 per cent for four to five
months, but for six to seven months the rate is 3^(3>4
are free for sixty to ninety days at 3 per cent,
per cent, there being a better
demand
for contracts
The death of Henry B. Plant, in his eightieth which will mature in December and January. The
year, removes a man who has played a very prominent inquiry is good but it is more urgent for long than for
part in the railroad history of the South.
He Short periods. Business in commercial paper, as is
founded one of the great transportation systems of usual at the end of the half-year, when banks are less
It is impossible to speak of the railroad liberal buyers, is somewhat slack, though it is exthe day.
development of Georgia and Florida without men- pected to improve after the first week in July. The
tioning him as a leading, if not the dominant, figure otlerings are fair, and there is no accumulation of names.
in it.
In that section of the country he was as dis- Rates are 3:^@3| per cent for sixty to ninety day entinctively a pioneer, in the reconstruction era, as dorsed bills receivable, 3^@4 per cent for prime and
were those restless, energetic spirits who created the 4@5 per cent for good four to six months singl*
great railroad systems of the West.
He took hold names. One feature of the week has been a moderRR., then bankrupt ately large movement of gold to near-by interior
and thoroughly discredited, and completely rehabil- points, due to a demand for money in connection
itated and transformed it, organizing the Savannah with the July settlements, and gold has been sent
Florida & Weatern as its successor.
With that as a because of the scarcity of cu'rency. Another feature
nucleus, he built up a confederation of roads with has been a movement of gold to Canada, rates of
which his name will always be identified as much so interest there being comparatively high.
of
the
old
Atlantic
&
Grulf
—
Commodore Vanderbilt with
the New York CenJohn W. G^,rrett with the Biltimore & Ohio
The European political situation is undisturbed exor .J. Edgar Thomson and Thomas A. Scott with the
cept
for local wrangles at Paris and at Brussels; the
Pennsylvana Railroad. We are very apt to forget
what we owe to these early workers in the railroad excitement regarding affairs in the Transvaal seems
domain. The present generation sees only accom- to have subsided. There was a fall in British Consols
plished results.
It knows nothing of the trials reported on Thursday, but this was due to the anand discouragements and difficulties which those nouncement of contempUtel reforms in the savingswhose privilege and chosen task it was to lead the bank system of Great Britain by which, it is supposed,
way had to contend with. Then everything was new the range of securities in which savings banks will be
and no experience was available to draw upon for permitted to invest will be widened. The Bank of
guidance and enlightenment. In the South the task England minimum rate of discount remains unwas peculiarly difficult. Devastated by war, and her changed at 3 per cent. The cable reports discounts
industiies prostrate, few there were who could see of sixty to ninety day bank bills in London t
any future for that section. Mr. Plant had bound- per cent.
The open market rate at Paris is
less faith.
He rebuilt the old broken roads, welded 2| per cent and at Berlin and Frankfort it is
disconnected pieces together, and evolved a strong 4f per cent. According to our special cable from
and creditable sjstem. It is pleasing to think he London the Bank of England gained £162,951
lived long enough to see how thoroughly his faith had bullion during
the week and held £31,651,532
been justified and to reap the rewards of his skill, at the close of the week. Our correspondent further
energy and foresight.
advises us that the gain was due to the export of
as
tral or
£100,000 to the Cape, to shipments of £285,000 mi
representing bankers' balances, has to the interior of Great Britain, and to the import of
loaned at the Stock Exchange during the week at £548,000, of which £299,000 was from Holland,
Money on
call,
8
7
.
THE CHKONJCLE
[Vol. LXIX.
£218,000 from the Cape, £35,000 from Australia and ton for acceptance 4 84f @4 85 and grain for payment
4 85@4 8»i.
£1,000 other.
The following statement gives the week's movement
exchange market has been quiet
and easy this week. Bankers report more liberal of money to and from the interior by the New York
offerings of commercial bills against corn and pro- banks.
visions, but the demand for these drafts is good.
Net Interior
Received hv SMpp«<l bv
W««h JfniMnf June 80. 1899.
Movement,
Banke.
BankM.
r.
T.
W.
N.
anin
There has been some drawing of long sterling,
The
foreign
ticipation of covering later in the season with cotton
and grain
C nrenoy.
=*ol4.
$679,000
S23,000
$1,927,000 Loss.
1,194,000 Loss.
t4,348,000
671,000
,
thought that these drawings
Total KOld and leeal tenders..
S5.019.000 16,121,000 IiOSS.tl.102,000
will gradually increase in volume.
The demand for
With the Sub-Treasury operations and gold exports,
bankers' sterling has been chiefly confined to an overthe-counter inquiry, and the supply has been princi- the result is as follows
bills,
and
it is
:
connection with gold exports.
The shipments of gold to Europe this week, including the withdrawal of 12,000,000 on Friday by Lazard
pally bills
offered
in
W$4k Bnding June
AiftB'tnt«rlor movement, as above
Sal>-Treasur7 operations....
Freres for export to-day (Saturday), have amounted
to $5,050,000.
The National City Bank sent $2,550,000 and L. von Hoffman & Co. shipped $500,000 on
Wednesday. There was an export of $250,000 by a
week which was not
announced on the previous day. The shipments to
Europe from June 3 to June 28, inclusive, amounted
Total gold and legal tenders. .
Bankers say that neither the Bank
of England nor the Bank of France is offering any
new inducements to shippers of gold. The receipts
of gold at the Custom House during the week were
to $17,050,000.
$34,682.
exchange ranged from 4 86| to
4 87; for sixty-day and from 4^881 to 4 89 for sight
until Wednesday, when Brown Bros, reduced both
long and short half a cent, making the range for the
Nominal
rates for
former from 4 86 to 4 87. Later the higher rates
were again reduced, making the range from 4 86 to
Eates for actual
4 86| for long and 4 88^ for short.
business opened on
Jun«
Bank
6oid.
Silver.
June 30
Total.
eoid.
£
».
£
31.651,632
75,379,109
France..
29,970,000
(Jermany*.
96,765,000
anssla
Anit.-Hung'y 36,194 OOi
12,470,000
Spain.
16.389,000
Italy
Netherlands
8.483,000
Nat.BelKlanj*
8.995 000
g)n«;land..
amount
29, 1899.
of
Change in
$21,119,000 $28,221,000 Loss
following table indicates the
the principal European banks.
bullion house on Saturday of last
Ifgt
Bank HolMngi.
$8,121,000 Losa.Sl, 102,000
22,100,000 Loss. 0,000,000
$5,019,000
16,100,000
The
n
Out of
Bankt.
Into
Bankt.
SO. 1809.
7,102,000
of bullion
18»8.
auvtr.
loua.
X
31,651,532 38.631 607
38.631 607
48.781,752 124,160,881 75.079.616 49.628.625 124,608.241
15.43B,000| 45,409,000 26,687,000,13.748,000 40.435,000
5.192,0001100 957,000 111,86!».000 4.459,000 116,328.000
li;.751,000 48.945.00(> 31,949,000 12 682 000 47,681,000
9,834.000 4,291,000 14.125.000
13.4Ot,OO0| 25,874.000
2.188.000 17.571,000 16.100.000 1.921,000 17.021,000
2.91
000 7,007,000
9,785 000
6.302.000|
9,907.000
1.497,000
4.492.000
2.9 13.000 1.467.000
4,870.0(
Tot.thls week 303.296.641 105518752 408.8 45.393 317.866.223 95.013,625 412.909.848
l^t. prev. w'ki302.487.669 105546730 408.034.399 320.747.760 96.488.867 417,286.41
HOW
TO
MAKE FIVE-CENT COTTON
PROFITABLE.
The
discussion about the profitableness of 5-cent
which the remarks we made in our cotton
acreage report (June 10, pages 1104, 1105,) has raised,
last week, at
We have often referred to the subject
surprises ns.
short and
before, and the previous year discussed it more at
Monday unchanged, compared
with those at the close on Friday of
4 85|@4 86 for long, 4 88@4 88i for
4 88i@4 88| for cables. The tone was steady, but
cotton,
Hence we did not think it necessary or profitable to spread our views and facts again before our
off one- quarter of a cent all around, to 4 85i@4 85f
We made but brief mention
readers in detail.
for long, 4 87f @4 88 for short and 4 88i@4 88^ for
of the subject, expecting the outline given to be filled
On Wednesday
cables, and the market was easy.
in with, and understood in the light of, what we have
rates for actual business in short declined one-quarter
Most of all, we did not
said on previous occasions.
of a cent, to 4 87i@4 87f but no change was made
suppose that any one would put into our words a
either in long or in cables, and the tone was barely
meaning which they distinctly excluded. But as this
steady, and it so continued on the following day.
has been quite generally done, and by those who have
The market was weak on Friday, when rates for
asked us to correct what they
on the following day rates for actual business
length.
fell
,
actual business were reduced one-quarter of a cent
The following shows daily posted rates
all around.
for exchange by some of the leading drawers:
DAILT POSTED RATES FOB FOREIGN EXCHANGE.
FBI..
W«r... Thdb.,
MOM.. TITBS.
FBI.
June 23 June 26 June 27. June 2 Juneau. June 30
86«
86
86
66
89
87
89
69
87
ssa
88!^
87
89
87
89
BlRbt...
4 86H
4*-8>i
mn
H8«
i^
88«
(60 days.
*8m
86^
88«
86K
esK
S«H
12^
e8>4
86^
&8«
86^
88X
86^
88«
86^
88H
eoH
88%
B6«
SS%
Hen
esK
86«
88H
86«
[I^^^J:
Baring.
jflOdayi
Magonn & Co.. ( Sleht...
) 60 day»
Bank British
No. Amerloa..
Banket
80H
Montreal
Canadian Bank
of Commerce..
(
60 days
4SH«
1S6M
I
SlRht...
4
Heldelbaoh, lok-
1
60 day*
Co.
i
Sldht...
4 861^
4 86>|
elbelmer
St
~~mi
4 89
4 87
4 89
4
TOWnBro.
SlKht...
8^
88}i
tatardFrere....{«°,^l.tf.'
4 88>4
kQH
kS^
(60dayi
4B6J<
86X,
88«
68H
i S6!^
Merchants' Bk.
of Canada
SlBht...
The market
4
closed
weak
89
86«
88H
1^^
88«
P6«
83«
iS^
68^9
fSt<
88H
If^
88^
86«
88>6
g6i«
88«
88>t
86H
B8H
?2^
tSJi
86H
88!^
sen
88)i
88J6
ft^
68H
86^
88«
on Friday, with rates
for actual business 4 85i@4 85^ for long, 4 87i@4 87^
Commercial
for short and 4 88@4 88i for cables.
on banks 4 84|@4 85 and documents for payment
4 84i@4 85^.
Cotton for payment 4 84i@4 8i^, cot-
earnestly
call
representations,
be
made
we think
our mis-
a return to the subject
may
useful.
Chief exception has been taken to the illustration
we quoted from the letter of one of our South Carolina correspondents, who stated that ''cotton planting
was a better business now at five cents than it was
some years ago at ten cents." He further remarked
that ''a neighbor reccHtly sold his last year's crop for
and
was all clear profit, his cotton seed
and other crops paying his expenses and keep." That
statement has been copied widely with the next sentence in the report omitted, and the illustration used
as if we had claimed that it represented the condition
of all or of a majority of the planters in Georgia and
South Carolina. Had our critics been a little more
exact and observing in their use of our report, they
would have been truer in their statements and not so
Immediately followdisturbed over what we did say.
ing the foregoing citation, and referring to it, we
''this most likely is a very exceptional case.
stated
$12,000,
—
it
July
1,
THE (CHRONICLE.
1899.]
the thrifty farmer succeeds where kind of man described last week by Mr. J. Pope
the less careful man fails/' The incident, we have Brown, President of the State Agricultural Society of
the best of reasons for believing, is substantially Georgia, before the Industrial Commission at Washaccurate.
Several of the letters questioning the facts ington, when he said, speaking of Georgia,^"Many
ask us to give them the name of the writer. We of the planters are not able to give collateral of any
but
it
indicates
how
have not written for his consent as it is not our custom to expose our correspondents to unjust criticism
from their near-by or far-off neighbors such as we have
to receive.
We can tell them however, what experience has taught ua, that the writer is a man who is
To
neither afraid of his facts nor of his opinions.
satisfy the incredulous we give extracts from two of
his letters
omitting the name and residence letters
which were written when we were making up the
acreage report. The first was not a letter really, but
was among the explanations made on the blank we
—
—
May
inquiring as to the extent oC the
planting this season and the condition of the plant.
On that blank our correspondent wrote
"The Southern cotton States are now in a more flourishing condition
than ever. In fact cotton planting Is a better business now at 5o.
sent out in
:
and to such men
We
sales are
made on
large mar-
the man up. If he is good
we sell him on a small margin; if he is a hard case
we take what he has and quit." Mr. Barrett, VicePresident of the same society, in his evidence stated
"that rates of interest and commission were big."
No one ever supposed or claimed that a planter could
make money with such conditions out of five- cent
gins of profit.
size
cotton.
At the same time the
quired to recognize are,
facts cotton
first,
now
growers are
re-
that the great body of the
in the richer lands of the
cotton crop
is
South;
raised largely in Texas, in the Mississippi
it is
raised
and in other highly productive districts where
the better class of staple is grown, and where no manrequired and where much of the land prodevelopment of ure is ever
all the manure
duces, without fertilizers, a bale or more to the acre.
than It was years ago at 10c. This is owing to the
the Charleston phosphates. The farmer can now get
he wants at 8 to 12 dollars a tou, and these phosphates are the best in
the world for cotton. One of my neighbors sold his last year's crop
for $12,000, and it was all clear profit, hie cotton seed paying expenses, and he made his provisions."
few days later we received the following letter
A
from him
value,
Valley,
The other
that the lesser cost of raising the
staple in those more productive sections controls the
fact
is
market value of the crop everywhere else and hence
a high price for the Southern staple can never return,
;
should for a time
increase more rapidly than cotton production, or a
W. B. Dana Co.:
Gentlemen— The cotton crop is doing very well, considering the bad season make the supply of the raw material
drought. The dry weather has been a benefit in one respect. It has
:
S.
C, May
unless the world's cotton spindles
31, 1899.
enabled farmers to get all their cotton hoed and thinned and their
'
*
*
*
Tjie largest planters still
corn worked over.
insist that raising cotton is a better business now at 5c. than ic was
before the development of the Charleston phosphates at 10c.
My nearest neighbor made last year 530 bales on 485 acres with
about 20 mules and 25 hands, besides making an abundance of aU
sorts of provisions, horse feed, etc. He says his cotton seed pays his
expenses every year.
This county is In a very prosperous condition at present. There are
two flrst-class cotton mills going up in this county, one at Anderson,
to cott $750,000, and one at Belton, to cost $300,000. There is also
another mill to be built shortly at Pelzer and one at Piedmont, but I
don't know the particulars.
They are inoreaslng the power at the Portman electric dam fifty per
cent, to ran the new cotton mill and other industries at Anderson.
Yours, etc.
short.
The cotton
planters of Georgia
must remember
As a rule, they never will be able to
compete with the more fertile sections except on a
smaller acreage than they are now cultivating.
By
highly, by raising all the provisions
fertilizing
needed and all the fodder, and by planting no
more acres to cotton than can be planted without
borrowing money those are the conditions for success which the large extension of the cotton-planting
industry has forced upon Georgia and upon portions
of other Southern States.
Of course we knew to
After reading these two commuDications from our some extent the situation in respect to mortgaging
correspondent, and appending to our citations of his crops, etc., in Georgia and elsewhere, and hence we
words the limited application already quoted, which said in our acreage report after affirming that mortwas made by us in our report, calling the case "proba- gaging the crop had largely fallen into disuse "We
bly very exceptional," we cannot conceive what the do not mean that there are not a good many still who
most captious critic could find to object to except burden themselves iy raising money in whatever way
these facts.
—
—
own
We
—
they can to enlarge their cotton planting. As a rule
dent in our report because, whether it represents few those who do so keep themselves poor and can find
no profit in five-cent cotton."
or many producers, it is alike highly instructive.
difficulties of his
creating.
cited the inci-
It was because of this condition that we used the
this South Carolina
mention
of
another
part
South
Carolina illustration; we felt that the facte it
planter, we want to make brief
of our acreage report which by letter and otherwise disclosed formed a most timely suggestion for the
Before referring further to
has been called in question. The portion we allude
to is what is claimed as our statement that "crops
earnest consideration of the Georgia planter.
The
sit-
perhaps worse in that State than we supposed.
are made without borrowing money and mortgaging This South Carolina case shews though that success
These words again can be reached by the use of correct methods. What
crops has fallen into disuse."
are inaccurately quoted; they are made by our critics man has done man can do.
At the same time exgeneral whereas in our report they were qualified. perience has proved that borrowing money at high
We did not say "has fallen into disuse," but "has rates of interest and raising cotton in that way is
Besides, we applied noth- discouraging, burdensome and ruinous.
There is
largely fallen into disuse."
ing of what we said on these points to Georgia, nor but one course to take, but one road that leads out
indeed to any special State, but to the Southern of the existing labyrinth.
The result must be for
States as a whole; nor were we speaking of those who the time being greatly reduced acreage.
But this
have always made a failure of cotton cultivation, who is so only because relief can be attained in no other
are giving from year to year about the same acreage manner than by each individual raising his own food,
to that staple, never being governed in the acres cul- never mortgaging his crop, and planting only so many
tivated by the prospective price of the staple, but by acres to cotton as he can thoroughly fertilize and oul
This is the tivate, be that number more or less.
the extent of advances they can secure.
uation
is
THE CHRONICLE.
6
[Vol.
LXIX.
enlarged income to the Central from these properties
THE VANDERBILT WESTERN ROADS.
Now that the Lake Shore & Michigan Southern
is
among
the probabilities, though just
when
this
is
to
—
be brought about and how whether by increasing
the dividend rates or by a lease which shall give the
Central all the profit in excess of a certain per cent
on the stock this.must still remain a matter for conjecture.
The semi-annual statements show but little
and the Michigan Central are no longer separate entities, but have become parts of the Kew York Central system, not quite the same importance attaches
Out of
to their semi-annual statements as before.
the 149.466,500 common stock of the Lake Shore, surplus available (on the operations of the six months)
$45,269,000 had at latest dates been acquired by the above the amounts required for the dividends at the
Xew York Central in exchange for its collateral existing rates. But this indicates nothing on the
—
trust bonds, leaving only $4,197,500 in the hands of
point under consideration.
It
is
significant "^nly as
the public, and of the $18,738,000 Michigan Central showing that thus far the transfer of ownership has
stock $16,097,100 had been similarly exchanged, leav- not made the slightest difference in the methods and
ing but $2,640,900 outstanding. Thus only a com- policy pursued in the management of these lines.
paratively small amount in the aggregate of the The same liberal expenditures for betterments and
shares of the two companies remains in private ownership.
The Central having been
is to
the ehareholders of that
suits of the operations
of
substituted as owner,
most
interest.
company
it
that the re
chiefly studied.
And even here it
Under
ceipts in 1899, which, all things
considered, must be
of the two companies will be
is
regarded as highly satisfactory. Looking at the
more because however, the addition has been only $100,000.
of their bearing on the future than in their relation
to the present that the
renewals are taking place as before. For instance,
comparing with the first six months of 1898 tl^e liake
Shore has added, roughly, $715,000 to its gross re-
other words, the increase of
ings was offset by an augmentation
existing conditions the only
expenses.
In
earn-
$715,000 in gross
half-yearly statements will be
net,
of $615,000 in
immediate return the Central gets consists of the
One main reason for this augmentation, we should
dividends it receives on its holdings of the stock of say, was that the amount spent for improvemnuts and
the two roads. These dividends are known, being 3^ •additions in the six months of 1899 was much heavier
per cent each six months on Lake Shore stock and 2 than in the same six months of 1898. As a matter of
per cent on Michigan Central, and no change was fact, a foot-note to the present return tells us that
made
meetings this week. the expenses for 1899 include $510,398 spent for new
These dividends are entered under the head of "In- equipment; there was no similar foot note a year ago,
come from Investments" on the Central's books, and and we do not know what was the amount, if anyth«'rerore the result to the Central appears in the thing, included in that way during the six months of
But of course there is a 1898. In the whole of the ttvelve months of 1898 the
Centrul's own statements.
larirei iiud b did r question, and that is as to whether outlays for new equipment, we see by the company's
the earnings of either one or of both the two acquired annual report, were $699,516.
properties may not later on jastify larger dividends,
In the case of the Michigan Central the semithus adding correspondingly to the Central's in- annual return shows very little change from the first
in the case of either at the
come from investments.
The
general supposition
months of last year, either in the gross or
net, but we observe that while the increase
six
in the
in the
has been that eventually the dividends would be inAs yet the only move in that direction has gross has been $184,000, the increase in the net has
creased.
been that the Like Shore semi-annual distribution been only $10,000, reflecting the same general policy.
was made 3^ per cent immediately after the Central With this road as with the Lake Shore, the ])lau baa
acquired control, instead of 3 per cent, so as to make been in recent years to leave net earnings only ab. uc
the amount received by the Central in the shape of sufficient to meet the ordinary dividend requirenunts,
dividends equal to the amount of interest which it is and to put all the rest of the earnings back into the
obliged to pay on the bonds issued to acquire the property. The evidence of this is found in tl e
stock.
The
fact that net
that considering only the direct payments and the direct rtceipts, the Central comes out
varied
just about even on the operation by which
other hand
effect
is,
the two roads.
it
acquired
The Lake Shore pays dividends
of 7
per cent per year the N. Y. Central bonds issued
for this stock bear 3^ per cent, but $200 in bonds
;
but
earnings during
little,
either
these years liare
all
good
in
periods or
bad,
having in fact been almost, stationary, while on the
the fluctuations in the gross earnings
have been wide. The record of the net since 1803
has been: 1894, $1,740,000; in 1896, $1,730,000; 1896,
$1,716 000; in 1897, $1,749,000; 1898, $1,752,000,
The extremes here are $1,716,000
1899, $1,762,000.
In the
and $1,762,000, a difference of only $46,000
were
earnings
gross
same period the extremes of the
was given for $100 of stock, making the call just 7
The Michigan Central dividend is 4 per
per cent.
The New York Central issued 115 in 3^ per
cent.
cent bonds in exchange for $100 in stock. The in- $6,169,000 and $7,150,000, a difference of nearly a
terest requirement is thus a trifle more than the million dollars.
In tabular form the showing ia:
4imount received in dividends, being equal to 4*02^
KAKNINGS OF MICHIGAN CENTBAI..
IfW*.
per cent on the par of the stock against the 4 00 per
1895.
]89fl.
)8!)
J898.
Jan. I to June 30- 1H»
4
m
6»7^,00O
K.flliO.oOO f.iOO.fOO tS.ltttf.OCo
'00
a5M.<0<)
^jent contributed by the Michigan Central etock. But
7.1
Qro9S
ie,0(K) :,730,oto j.740.010
i.'Sv.oiO i,74».'00
],7«!;o(.">
as already said, this relates simply to the present. The jj^t
The Lake Shore, as is known, has for the last sixmain point is as to whether the results will not warrant
a larger distribution in dividends in the future, thus teen years charged all outlays, whelher for improyeallowing the Central to make a profit out of the ar nienis. betterments or additions, to expenses, varying the amount according as earnings were large or
rangemenl for the benefit of its own shareholdeis.
On the whole, the ataiements submitted this week aiuall. Looking back over a numb, r of years, it is
.
.
41
jK
4;
'I:
(5
1.-
'
must be considered
as supporting
the
view that an
quite remarkable
how
strikingly stable the net earn-
July
1,
THE CHRONICLE.
1899.]
Continuing, he
than the dividend requirements, though the gross says: "I do not conceive, however, that the amount
earnings rose and fell with the varying phases of the of capital with this surplus added would make the
limit to which the taxing power is authorized to
Here is the record.
trade and traffic conditions.
go in every instance in estimating the amount
LAKE SHORE & MICHIGAN SOUTHERN.
upon which the bank should be assessed. I under1806.
1804.
1897.
1896.
1899.
Jan. 1 to June 30— IS99.
%
%
^
stand the term surplus as applied to banks to have »
Gross
10.884,46910,109,609 9.560,86110,126,890 9,663.993 8,396,828
ings have been kept, leaving
them
jt
Net
8,314,469
just a little larger
$>
3,213,870
3,119,685
3,196,652
equal to 20 per cent of the capital.
9>
3.881,716
3,201,242
broader meaning, and it should be contended to inIn the six years the extremes of the net earnings clude not only that set apart as the minimum surhave been $3,119,000 and $3,314,000, a difference of plus but also such amount as has been set apart by
only $195,000, but the extremes of the gross earnings a vote of the directors or other authorized action of
$9,369,000 and $10,824,000, a difference of almost 1^ the bank to strengthen the capital, and is thus held
million dollars.
The conclusion, therefore, must be, out by the bank in its dealings with the public as a
as already said, that the Central has it within its part of its banking capital. The capital of a bank, to-
power to draw enlarged returns from its new pos- gether with the surplus so set apart and used in consessions when circumstances and conditions shall war- junction therewith as the basis of its business transacrant such a course.
tions and its banking operations, constitutes the security upon which customers rely, and which induces
the public to deal with it. I may present the matter
TAXING BANKS' AND BANKERS'
more clearly by an illustration as follows: A national
UNDIVIDED PROFITS.
bank with a capital stock of 8200,000 is required by
Revenue
law to set apart from its net profits and to maintain a
The receipt by the banks of the Internal
blanks from the Collector of the Second District of surplus of $40,000. The lowest estimate for taxation
New York for the bankers^ return of special tax under the War-revenue Act upon such bank would be
under the Act of 1898 has served to revive the ques upon $240,000. But if this bank by the action of its
tion of the imposition of the war-revenue tax of $2 directors should set apart $100,000 more of the bank's
per $1,000 on undivided profits of banks, which im- funds to be used as part of its banking capital, this
position in the last fiscal year was, it will be remem- latter amount would have to be added to the amount
That is to say, the for taxation. The same principle would apply to
bered, successfully resisted.
bankers protested against paying the tax on undi State and other banks, and whilst there may be no
vided profits, and when the Attorney-General decided State laws requiring the maintenance of a surplus
that this item was not taxable, measures were taken on the part of State banks, yet such banks are taxaby the banks which paid the tax to secure a refund of ble upon the amount of their capital, together with
the amount paid.
The bankers contended at that such additional surplus or funds belonging to them as
time, and indeed they still contend, that the tax on may be set apart either by law or by the action of the
undivided profits was illegal, the law. Section 2, say- bank authorities, and used in carrying on the general
ing:
"The amount of such annual tax shall in all business of the bank."
The Assistant Attorney-General then makes this
cases be computed on the basis of capital and surplus
for the preceding fiscal year."
unequivocal declaration: "The undivided profits of a
The protest to the Department against this bank are not surplus and cannot be estimated under
claim resulted in a decision under date of February 4 the law in question as part of the bank surplus. Mr.
by the Assistant Attorney-General, Mr. James E. Justice Swain, in delivering the opinion of the SuBoyd, which decision was approved by Attorney- preme Court in Rubber Company vs Goodyear (9
General John W. Griggs. The decision is published Wall 788), says: 'Profit is the gain made upon any
in Treasury Decisions February 9.
It was made in business or investment when both the receipts and
reply to a letter of the Secretary of the Treasury of payments are taken into account.' This is the generOctober 1 1898, in which the following questions are ally accepted definition of the term 'profits.' So,
asked:
bank
"Are the undivided
to be excluded in all cases
profits
of a natiora!
then,
if
profits are to
from the capital and might be necessary
surplus in estimating the amount of special tax required to be paid by the bank under Section 2 of the
fore the
tained.
be
made the
basis of taxation, it
to settle the affairs of a
bank be-
amount subject to taxation could be ascerThe solvency of its loans, the shrinkage of
War-revenue Act?" The second and third questions securities, depreciation in values and other losses
are the same as the above, with the exception th?t would have to be taken into account before the estithe words "State bank" and "private banks or mate as to profits could be made. The undivided
bankers" are substituted for "national bank," as profits of a bank signify the amount of money on
above.
hand out of which dividends may be declared, and
In his
reply the Assistant
Attorney-General such profits may be in the bank to-day and by action
says:
"I think that I can more readily answer the of the directors distributed among the stockholders
first three questions by giving my opinion as to what to- morrow, and thus cease to be within the control of
should be included for taxation than by undertaking the bank at all. It certainly could not have been the
to determine what should be excluded." He thereupon purpose of Congress to levy an annual tax upon funds
states that the purpose of the law is to levy an annual of this character.
And, then, so far as the taxation
tax upon the business of banks and bankers, and, in under the War-revenue Act is concerned, it is not imorder to make uniformity, to apply the tax to the portant whether a bank has any profits or not. It is,
amount of capital employed, together with such sur- as before stated, the capital of the bank and other
plus funds of the bank as are used in carrying on the funds belonging to it which, by law or the action of
business.
He then goes on to call attention to the the bank authorities, assume the character of capital
requirements of the national banking law regarding and which the bank uses in carrying on its business
the setting apart and the maintenance of a surplus that the law has in view as a subject of taxation."
THE CHRONICLE.
8
[Vol.
LXIX-
and distinct of "undivided profits.'* The f ramers of
the statute selected the first and second for taxation
and rejected the third. Now the proposal is to extend the law and put in the third. That is to say, the
Internal Revenue Department thinks the item "un
divided profits" ought to have been included in fram
ing the statute, and so it proposes to amend the law
and put it in. It is hardly necessary to say that
quisitorial and illegal.
It will be observed by the following copy of the amending a statute and enlarging its scope can be
blank issued by the Internal Revenue Department done only by the law-makers and in the regular way.
In view of this apparently unqualified decision by
the law officer of the Government, bankers felt that
they had a right to consider the question of taxation
of undivided profits as definitely settled, and they
now regard the action of the Collector of the Second
District in requiring a statement of the amount of
undivided profits upon the special tax blanks as in-
that a statement
is
required of undivided profits ex-
The following
cluded as not subject to tax.
is
a copy
ITEMS ABOUT BANKS. BANKERS AND TRUST GO'S.
of the blank:
STATE OF
;
County
(
of
—
Tlie undersigned,
being duly sworn
according to law, declares that the capital, includiijg surplus, used or
employed In the business of banking by the
during the
fiscal year ended June 30, 180 .was a.s foUowB
Capital, $
;
and that the sum total of this capital, including
*SurplU8, $
;
surplus, liable to special tax under Par. 1, Sec. 2, of the Act of June
and no other funds belonging to this bank
13,1898,19$
;
have been set apart either by law or the action of the bank authorities
,
:
and used in carrying on the general business of the bank and that
the tax thereon is $
Undivided profits excludtd from above
as not f abject to tax, $
;
Name
:
t
Sworn
to before
ate
me this
of
No
day
A. D. 189
Street,
City or town :.
1
.
Sales of bank atocbs
only 817 shares, including
Moreover, of the sales 7C0
the par of which is only
101 shares, all at auction.
Shares.
Banks— iVew Torfc.
7 Central National Bank
Price.
184
16 Corn Exchange Bank
25 German-American Bank
48 Hanover National Bank
7 Market & Fulton Nat. Bank
10 Park B«nk, National
700 Phenix National Bank
4 Shoe & Leather Bank, National
State:.
!
week have continued small
auction and Stock Exchange sales*
shares were of the Phenix Bank,
Trust company sales were
$20.
this
&
:
;
The collectors of internal revenue are, of course,
bound by the instructions of that Department, and
they are simply discharging their duty in requiring
returns to be made for the purposes of taxation. The
collectors are governed in their action by the ruling
735
240
£08^
112
104
1492
Trust
100 United States Trust
;
llS^e
June '99May '99—
June '99—
May 'H9—
May •^9—
365
119
735
236
520
June'fl9— 114
May '99— 106
Trust Companies—iveio York.
1 N. Y. Life Insur.
The return of the taxable amount must in every instance be based upon the
averag" amount of capital, iiieluding surplus, used or employed in ttie business
of banking during the preceding fiscal year, and in no ease must the report
showing tbe condition of the banker at the close of the fiscal year be used as
the soil- baais of such return. If, however, the banker commences business in
July, 18V-!', not having done business in the fiscal year preceding, he should
return and pay «5ii it in August, lbi'9, ll-12ths of $50 if in September, 1899,
10-12ths of $50, and 80 on, the tax on the banker commencing in June, IbOO,
being J-12tLof 150.
* L ndivided proBts-set apart as above stated and used in the banking bus-iness assume the character of capital and are taxable they should be included
on this return in " Surplus."
Care must be taken to include in the taxable amount all capital invested in
United S ates bonds, not excepting those held to .secure circulation.
Tbe amount of capital invested in the bank building or other real estate
which Is considered in any way as a part of the assets of the banker, and
all borrowed capital used or emplo.ved a.< a part of the working capital of the
banker, must be Included.
Tax will be reckoned as follows
Bankers employing a capital, including surplus, of $25,000 or less
$50 CO
Bankers employing a capital more than t2n,000, for the first $25,000.
50 00
And for each additional thousand in excess of $25,000
2 00
The collection of tax on any sum less than $1,000 in excess of $25,'"00 is not
authorized, and such exce.ss need not, therefore, be include<) in this return.
t President, Cashier, Principal of t'irm, or Banker, as the case may be.
370ifl
Last previous tale.
Apr. '99— 1861a
*
Sale at the Stock Exchange,
a;1625»«
June '99- 1480
May '99- 1626
x Ex-dividend.
—Mr. William W. Sherman,
President of the National
Bank of Commerce, retired at the close of business yester(Friday),
he
having
day
resigned at
the annual
meeting in May, as has
been
announced in this
column. The resignation was accepted, to take effect
July 1.
On Wednesday Mr. Sherman was presented
by the officers and clerks of the bank with a massive
silver punch bowl and ladle.
The bowl bears on one side the
inscription "Presented to William W. Sherman by the
ofiScers and clerks of the National Bank of Commerce on his
retirement from the presidency of the bank July 1, 1899," and
on the other side the dates 1858 and 1899, denoting the years
of his entrance upon and of his retirement from the service
of the bank. Mr. Sherman retires with the kindly wishes
not only of all who have been associated with him in the
management of the bank during his long service, but also
of those who have had more or less intimate business relations with him during his forty years" connection with the
institution in various capacities.
under date of May 31 of Acting Commissioner of In—The capital and the surplus of the New York Produce
ternal Eevenue, Robert Williams, Jr.
This raling is
Exchange Trust Co. were increased last week from $5O0,0C0
as follows:
"All undivided profits which by law or each to $2,5C 0,000 each by a vote of the stockholdeis. The
by action of the board of directors or by any officer directors also declared a dividend of |35 per share of the old
This is the first
of the bank authorized thereunto are set apart and stock for the sixteen months ending July 1.
used in the business of banking must be included in dividend declared by the company, which was organized in
March, 1898. The dividend was declared to distribute the
the return." Until this ruling
rescinded or modiearned surplus to the present shareholders before the issue
fied by the department, the collectors have no option;
of the new stock.
they must obey the orders of their superior. The
Recent large transactions in the stock of the Phenix Naonly course for the banks to pursue is to make up a tional Bank, capital $l,O0O,COO and surplus $M2,400, have
is
—
case
and obtain a
decision upon the given some color to rumors that prominent interests were
seeking control. The dealings in the stock since the beginmatter in controversy.
Personally we can see no ground whatever for rever- ning of the year have amounted to 8,380 shares. But as the
test
judicial
sal of the Attorney-General's decision. Statutes levying
taxes (1) are always construed against the Government and in favor of the citizen, (2) are never to be
extended by implication beyond the clear import of
the language used, and
(3)
are not to be enlarged in
their operation so as to
embrace matters not specificpointed out, although bearing a close analogy
These are the principles of interpretation all the
text books lay down, principles which would be vio
lated were the action of the Internal Revenue Deally
The items the law
partment authorized.
subject to taxation
by the words
those words were used
bank returns included items bearing
"capital and surplus."
by Congress
all
specified as
are designated
When
those captions, and also included the other item separ-
par value of the stock is only $20, it will be seen that the
magnitude of the transactions is more apparent than real.
There are altogether about five hundred shareholders, and
outside the Atlantic Mutual Insurance Company's holdings,
individual and through friends of the company, which holdings are supposed to be large enough to control the bank,
ownership of the stock is so widely distributed that parties
unfriendly to or not in accord with the Atlantic Mutual
would probably not succeed in obtaining any important
amount of the stock. The market value of the shares has
advanced since early in the year from about 90 to 120 and re.
cent sales have been at 114. The bank now pays dividends
at the rate of 6 per cent per annum, and though the surplus
is not large, the increasing deposits, which were last reported
at $4,540,000, seem to justify expectations that the surplus
will be augmented. These encouraging prospects are said to
have induced some investment buying of the stock, but to
what extent investors have bought it is difficult to say.
July
1,
THE CflRONlCLK
1899.J
9
— The organization of the Trust Company of America Haven, James N. Jarvie and Augustus D. Jnilliard, trustees
was completed last week by the election of the following of the Mutual Life Insurance Co. Henry M. Flagler, V ice;
A^hbtl P. Fitch, President; William H. Leupp, Active Vice-President William Barbour and H. S. Manning,
Vice Presidents; La^nrenceO.Morray, Trust Officer: Raymond
oflSicere:
;
Chatry, Secretary: Thomas C. Clarke, Jr., Assistant SecreA. L. Banister, Treasurer; W. Hunt Hall, Assistant
Treasurer, and twenty-three directors. Mr. Fitch, as is well
known, was Comptroller of the City of New York. Mr.
Leupp has been for twenty years connected with the Farmers' Loan & Trust Company in various capacities, the last
ten years of which as Second Vice-President. Mr.Murray, as
Wis noted in this column June 10, resigned as Deputy Comptroller of the Currency to take the position of Trust Officer of
the company. Mr. Chatry has been Assistant Secretary of
the Metropolitan Trust Company. Mr. Banister has been
paying teller of the Farmers' Loan & Trust Company, and
3Ir. Hall has been connected with the Central Trust Company. The Trust Company of America began business on
Monday at 149 Broadway. The Clearing House agent for
the company is the Hanover National Bank, the company's
J.
tary;
registrar.
—The
Clearing House Association of Chicago has under
consideration an amendment to the by-laws through which
the Illinois Trust & Savings Bank and the Northern Trust
Company can
be admitted as members of the Association.
Membeiship is now confined to the national banks of the
city, numbering nineteen, and to the Chicago agency of the
Bank of Montreal. This limited membership is due to a
regulation which was adopted several years ago by the Clearing House Association with the object of restricting banking
by admitting none but national banks, even excluding State
institutions. Now, how.ever, the business of trust companies, and especially that of
the Illinois Trust & Savings
Bank, has grown so large and important that it is deemed
advisable to remove the restriction and admit the trust companies. The amendment proposed provides that every member shall keep in its vaults in current funds at least 25 per
cent of its demand deposits and 15 per cent of those of its
deposits on which it has an option of requiring a time notice
of withdrawal. The net deposits are the bank's gross deposits less the amount of checks on the Clearing House, and
lees also sums due from its correspondents in central or other
reserve cities. The trust companies which do a savingg
bank business claim that they cannot afford to keep 25 per
cent of their savings bank deposits idle and therefore the
proposed amendment will probably be modified so as to peimit foreign credits as well as those in reserve cities to be
deducted from the gross deposits. It is suggested by banking officials in this city that the Chicago Clearing House
might admit trust institutions to a non-membership list, as
is the rule here, thus giving trust companies certain advantages without requiring them to conform to the rules which
apply to banks.
President Standard Oil Co.; Joseph C. Hendrix. President
National Union Bank Abram S. Hewitt, Edward J. Berwind,
Joseph Laroque, D. O. Mills, W. G. Oakman, John Sloane,
William C. Whitney and A. Wolff, the last named a partner
of Kuhn, Loeb
Co. Ex Governor Morton announces the
retirement from the firm of George T. Bliss, R. J. Cross
and William Morton GrinnelJ. The cashier of the firm, Mr.
Corbierr, will be Second Vice-President of the trust company,
which will begin business on or about October 1. It is
stated that there is no particular significance in the fact that
the President, the Treasurer and three trustees of the Mutual
Life Insurance Co. are among the trustees of this trust company. Ex-Governor Morton consulted these gentlemen, as
he did others of his intimate friends, when he determined to
dissolve his firm, and he probably asked them to take stock
and trusteeships in the company.
:
&
—
It is reported that the Secretary of the Treasury has referred to the Attorney- General the question of the authority
of the Treasury Department to issue gold certificates under
the existing law. Advocates of such issue are now hopeful
that the emission of the certificates will not much longer be
deferred, they claiming that the Attorney- General will give
a favorable opinion upon the question submitted to him.
—There seems to be an impression among bankers in the interior that the Clearing
House rules for the collection of checks
York may be amended immediately
outside of the City of New
after the expiration of the three months' trial of the same,
which will be on July 3. These bankers are apparently unaware of the fact that on June 22, as was noted in this column last week, the Clearing House Committee adopted a
resolution " that the committee deem it advisable that the
present rules and regulations for the collection of out-oftown checks should have further trial before any change
should be made." This action is an indication that the
Bankers in
rules will not be modified for the present.
neighboring States, notably in Connecticut, New Jersey and
Pennsylvania, have been desirous of an extension to the
principal cities of those States of the tree collection priylege.
The New York collecting bank has, under the rules,
the right, if it so chooses, to make collections free in
Boston, Providence, Albany, Troy, Jersey City, Bayonne,
Hoboken, Newark, Philadelphia and Baltimore. The Connecticut Bankers' Association have, as was stated in this
cilumn June 17, appointed a committee to confer with the
New York Clearing House committee to see what was
needed to be done to make Connecticut a par, or free collection, i)oint; the Pittsburg, Pa., Clearing House Association
on June 23 protested against that city being omitted from
the
list
of discretionary, or free collection, points in the New
rules; and on June 28 representatives
York Clearing House
under consideration. One plan is to provide storage for gold
by the Clearing House, against which certificates may be
issued, as is done by the New York Clearing House. Another plan is for the Clearing House to open with each bank
a clearing account against which checks in settlement of
balances may be drawn. It is probable that some effective
of banks in the northern half of New Jersey, including
Trenton, decided formally to ask the New York Clearing
House Association that their banks be put on the discretionaay list in the matter of collection charges. There appears to
be a growing sentiment among the leading New York banks
that for the time being there should be no addition to the
discretionary points. These bank officers claim that 60 per
cent of their collections are now made free by reason of the
checks being drawn upon banks at discretionary points and
therefore that it would be unwise to increase the number.
It is possible that the views of these bankers may be overruled when the subject shall be brought to the attention of
the Clearing House Association
but, as noted above, it is
unlikely that the rules in this respect will be materially
modified at present. Persistent appeals from bankers in the
method
interior for a
—That portion of the balances paid at the Chicago Clear
ing House which are settled in gold is paid in the somewha
primitive way of bodily transfer of the metal between the
Clearing House and the banks.
This is attended with much
risk
and inconvenience, and
it is
therefore
deemed advisable
to adopt a system of adjusting balances which will obviate
the necessity of thus transferring the metal.
Two plans are
will soon be adopted.
—The intended dieeo'ution of the long- established banking
firm of Morton, Bliss & Co., for the purpose of transferring
the business to an incorporation, was announced in this col-
umn June
;
change in the existing rule relating to discre-
tionary points may eventually however result in bringing
about a modification of the regulations.
—
Details of the plan have now been arranged
3.
Fast Time to Saratoga^. The reduction of an hour and a
and the trust company which will continue the bus'iness half in the journey, bringing Saratoga within three and
will be named the Morton Trust Co., with ex-Governor Levi three-quarter hours of New York, is a new departure in fast
P. Morton as Chairman of the board of directors. The capi
traveling that v^ill interest a sreat many people. On Sattal will be $1,000,OCO, with a reserve fund of $>, 500,000. urday last the New York Central inaugurated its new serAmong the directors will be James W. Alexander, President vice to be known as the "Saratoga Limited," making the
Equitable Life Assurance Society; John Jacob Astor; George run between the two points with only one short stop at
F. Baker, President First National Bank; R. A. McCurdy, Albany. This new train will be continued during the SumPresident, and Frederic Cromwell, Treasurer, and G. G. mer season. On each Saturday it will leave New York at
THE CHRONICLE.
10
[Vol. LXIX.
On every tions with the Transvaal will become so tense that there
other week day the train will leave here at 3:30 p. m., arriving may be a scare in markets.
As yet, however, the fall in prices has been very little.
in Saratoga at 7:15 P. M. Each morning, excepting Sunday,
There has been, in fact, exceedingly little selling by investors,
the train will leave Saratoga at 7 o'clock, and is due in New using the name to apply to all who have paid for the stock
they bought. But there has been a good deal of selling by
York at 10:45.
"bear"
It will be seen that the 183 miles are covered in 225 min- speculators of long stock, and there has been some
Selling besides. Last week and at the beginning of this
utes, an average speed of four-fifths of a mile a minute. The
week Paris regarded the danger of war as altogether exaggercars were built specially for this service: they consist of a ated, and it bought a considerable number of gold shares.
buffet and smoking car, parlor cars, and at the end of the This week it has become more apprehensive and has been
train an observation parlor car. In these luxurious coaches selling, but on a comparatively small scale.
In the American department there is but little doing. And
the ride between New York and Saratoga on the Saratoga the market here follows the ups and dovtns in New York with
Limited is most enjoyable. Mr. Geo. H. Daniels, the Gen- scarcely any initiative of its own. In foreign stocks there is
eral Passenger Agent of the New York Central, as also Mr. practically nothing doing. In Colonial there is not very much.
In British railway stocks and industrials there is a fair
J. W. Burdick, of the Delaware & Hudson, are to be con
amount of investment. And there has been daring the past
gratulated on their enterprise in bringing Saratoga in this couple of weeks good deal of
a
movement in Consols. First
closer connection with the metropolis: it means much to there was a sharp fall, and of late there has been a recovery.
Partly the fall was due to speculative selling as a hedge
that famous watering place.
against operations in other stocks. Partly it was due to selling from Paris, first, in the fear of a disturbance at Longchamps last Sunday, and secondly on the fall of the Dupuy
Cabinet. But mainly it is a consequence of the reduction of
the Sinking Fund and the new policy of the Chancellor of
From oar own oorreaponaent.
the Exchequer to invest as much as possible of the savings
banks' deposits in other securities than Consols.
London, Saturday, June 17, 1899.
The money market is very easy and is likely to continue so
Business has been verj' restricted this week, though upon
for some time yet. The Bank of England has obtained a conthe whole the tone of the markets has been fairly good and
New York,
prices have been somewhat higher than last week. The mid- siderable portion of the gold that has come from
monthly Stock Exchange settlement began on Monday morn- though more of it has gone to the Continent, especially to
St. Petersburg.
The Bank is now decidedly stronger. And
ing and ended on Thursday evening. The "bull" account
owing
given to all speculative enterprise by the
to
the
check
found,
was
as was expected, to have been considerably recondition
things
in the Transvaal, there is a much smaller
of
duced b}' the sales effected last \^ eek on the failure of the
Bloemfontein Conference, and in some cases a "bear" demand for banking accommodation. On the other hand,
account had been opened. In constqaence there was a recov- trade continues as active as ever, and a good deal of money
the Stock Exery in Consols, and in South African gold shares on Monday that in ordinary times would be employed on
afternoon and Tuesday, though in the latter the recovery has change is now converted into commercial channels.
The Russian railway loan for a little under three millions
not been maintained.
Furthermore, the Ascot Races, which are perhaps the most sterling has been fairly well subscribed. But the general
fashionable of all the racing events of the year, and which opinion of those in a position to be well informed is that
have attracted immense numbers of persons from the city, British investors subscribed for very little of the stock. A
were going on from Tuesday morning to Wednesday evening. portion of it was bought by great capitalists in Amsterdam
In the third place, the fall of the Dupuy Cabinet had some and Berlin before the loan was actually brought out, and
depressing effect upon the Paris Bourse. In a broad, gen.eral was bought, too, at a premium. The jobbers in the Stock
for the
way the fall oC the Cabinet was welcomed in Paris. Bat Exchange who sold the stock had of course to apply
loan
to be able to carry out their bargains. In that sense the
Stock
Exchange
looked
the
upon it with some degree of
anxiety because it opens up once more the era of constantly applications are British. But in the true sense very little of
shifting cabinets, and because especially it was thought that the stock, it is believed, will remain in this country. There
the mainteraijce of order on Sunday had entitled the Cabinet is a rumor, whether well or ill-founded, that the great capiRussian
to the support of the Chamber, and therefore that the ac- talists referred to were acting as agents for the
Russia cannot borrow any considerable sum
tion was altogether disquieting. However, the unpleasant Treasury,
feeling is passing away, as the conviction is gaining ground either in Paris or Berlin, and it is very anxious, therefore, to
Therefore it desired to make
that President Loubet will select a Ministry in harmony open up the London market.
marked
loan
a
success.
But
whether manipulation of
this
with his own policy and prepared to carry it out, and that
therefore the Ministry is likely to have a longer life than that kind will induce subscriptions to other loans that may
most of its predecessors, since it will have the whole Presi- follow remains to be seen.
In the meantime the financial anxieties of the Russian Govdential authority behind it.
President Lciubet is rising in reputation every day. He is ernment are increasing. Last year, it will be recollected, the
showing firmness and tact in the management of men and crops failed over a very large area, and there has been a sejudgment in his actions which are winning for him very veie famine raging ever since. Now it is reported that in
favorable opinions. And a Cabinet that will be selected by some pr evinces the crops this year have again failed, and
himself and will have his cordial support ought to be able to likewise that they have failed in the South and in the North.
If the present reports are correct, the prospects for the comcount upon the favor of most Republicans.
But the chief cause of the duluess on the Stock Exchange ing year are exceedingly grave.
The India Coancil has sold its drafts very well this week.
undoubtedly is the critical state of affairs in South Africa.
offered for tender on Wednesday 50 lacs and the applicaIt
On Tuesday Sir Alfred Mllner made a speech to a deputation
of Cape merchants in which he declared that the grievances tions exceeded OQSJ^ lacs. The whole amount offered was
of the Uitlanders are genuine, thongh they may often be de- sold at prices ranging from Is. 3 31-32d. to Is. 4d. per rupee.
scribed in exaggerated language, and that those grievances Afterwards a very small amount was sold by special contract
must be reformed. The speech is reported to have made a at Is. 4d. per rupee. Next week 50 lacs will again be offered.
The following return shows the position of the Bank of
deep impression throughout Cape Colony. It certainly has
the Bank rate of discount, the price of consols,
Sngland,
made a very deep impression here at home, for Sir Alfred
Miiner is a man of great moderation as well as of great firm- to., compared with the last three years:
1896.
1898.
1897.
1899.
ness, and he has the full confidence of all parties in the State.
June 17.
June 16
June 14.
June 15
£
He was the chief adviser of Sir William Harcourt while he
*
<
86,689,615
87.317,025
27,237,840
27.349.776
nronlatton
was Chancellor ot the Exchequer, especially in Sir William's Public
J.2H0.076
13,1 0,787
u.o^-e.oa?
deposits
1M94.«V!5
62,326,366
44,«<.»8y3
3S 936,166
8!',i60.35tJ
famous reform of the death duties. And before that he had 0th«r deposits
16.206.028
13,.'i28,051
IS.t 48,356
13.86S.02I
seoorltles
been the special adviser of Mr. Goschen. All the chiefs of ^yemment
28,734,469
28.J30.0B0
83,242.6U2
83,273 747
)th«r ieonrltles
25,833.C11
20,477,618
27,639.102
both parties have absolute confidence, then, in his judgment, fteaerTeof notes and coin
4e.t79.193
86.320,851
38,166,127
Jtballloa, both departm'ts S1.027,3U1
discretion and moderation, and the whole country is pre- ODln
S9 16-18
61 6-16
40 7-id
48 15-16
•^op.reservetoUabUities.p.ct.
8
2
8
3
percent.
pared to support whatever policy he declares to be necessary. Sankrate
13-1«
112
13-16
112
10811-16
7-16
111
Oonaols, 29t per cent
On Wednesday a voluminous Blue-Book was published, in aUrer;
31?6d.
27 9-16d,
271l-l6d.
2«T<d.
136,408,000 164,537,000 148,40;i,(.00 108,671,000
which appears a telegram from Sir Alfred dated May 4, OlearlnK-Honie returns
which is even stronger than his declarations at Bloemfontein
The Bank rate of discount and open market rates at tb«
or his speech at the Cape. In this telegram he declares em- ohief Continental cities have been as follows
phatically that there is an irresistible cause for intervention:
May 26
June 9.
June 2
June It.
and as the Government publishes the dispatch in full, it
Battt 0/
practically endorses Sir Alfred's policy.
(nt«r«*t at
Bank Open Bank Open Bank Open Bank Oven
Naturally, therefore, there is a very nervous state of feelMarket
Bate. Market Rate. Mark.
Rate. Markti Rate
ing on the Stock Exchange, and a conviction everywhere
8
3
2«
8
S
21i
that the Government has gone so far now that it cannot draw Paris
i
4
4
4
4
3M
8?i
back, and that therefore it remains for President Kriiger to Berlin
4
4
4
4
SH
4
8^
SH
....
SamburR
decide whether there is to be peace or war.
The general be4
4
4
4
4
ax
SH
SH
Frankfort
lief on the Stock Exchange is that President Kriiger will
2«
8H
iH
Amsterdam...
procrastinate as long as possible; that in the end he will
4
4
8»
8
Drnssels
SH
3H
yield, not graciously perhaps or very liberally; that he will
Vienna
4H
*H
*H
*H
4H
*H
deal out reforms bit by bit, and that thus hostilities will be jt, Petersburff.
6
6
6
6
6^
6>«
6M
avoided. But the same time it is believed that the market Hadrld.
6
8
S
S
6
5
6
8
will be kept in constant tremor, and that sometimes the rela- GoDenbatren
n
A
6
8«
1:50 p. M., reaching Saratoga at 5:40 o'clock p. M.
I
j
I
:
m
.S
July
&
Messrs. Pixley
June
U
THE CHRONICLE.
1899.]
l,
—
«,
..
Abell write as follows under date of
15:
Gold— The Continental demands, referred to in last issue, have been
again sufficient to prevent recent arrivals reaching the Bank, but at
the moment there is little or no inquiry. The Bank has received
*431,000, of which the bulk is from New York. £34,000 has been
withdrawn. Arrivals: New Zealand, £26.000 Australia, £71,000
Cape. £364,000; New York, £354,000; Chili, £ .',000 total, £317,00 ».
ShJDments June 8: Bombay, £1,000; Calcutta, £10,000; tota
*11,000. For month of May— Arrivals Germany. £38,000 Prance,
*8»,000; Portugal, £18,000.
Shipments: Germany, £171,100;
France, £138,000; Portugal, £10,000 Spain. £2i>2,000.
SU'^er— With good Indian inquiry, backed up by Continental orders,
the market rose rapidly to '271" ^d. At this level there was a large
excess of sellers, and wiih India the sole support the price again fell
to ii7iijed. To-day with signs of renewed Indian orders and rumors
of an important American mining strike, the market c'oses firm at
27%d. Arrivals: New York, £230,000; Chili. £27.000; Australia.
» ,000; New Zealand. £4,<>00; total, £^66,000. Shipments .Tune 8
Bombay, £84,325; Calcutta. £17,500; total, £101,825. For the
month of May- Arrivals: Belgium, £57,000; France, £9,000 Germany, £6,000. Shioments: Fraice, £122,000; Russia, £61 ,000;
Germany, £60,000.
Mexican Dollars—These coin continue a dead market.
;
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
June 26 and from January 1 to date:
ending
week
BXPORTS FBOM NBW TOBK FOB THB WBBK.
specie)
1899.
1898.
1897.
1896.
«8,738.977
218,920,597
$8,478,365
237,415,808
$9,612,634
190,003,325
$6,748,677
180,061,433
;
;
:
;
For the week..
Prev. reported
;
:
Total 25 weeks $227,659,574 $245,894,173 $199,615,959 $186,810,109
The following table shows the exports and imports of
York for the week ending June 24
specie at the port of
and since January 1, 1899, and for the corresponding periods
in 1898 and 1897.
New
BKFOBTfl AlfD IMPOBTB OF 8PB0IB AT
;
The quotations
June
June
Silver.
15.
8.
London Standard.
d.
«.
Bar
Week.
gold, fine... .oz
U.S. gold ooin...oz
G«rm'n gold ooin.oz.
Ftftnoh gold ooin.oz
9
Japanese yen
5
77
76
76
76
oz 76
6
6
6
June June
d.
«.
77
76
76
76
76
9
5
6
6
5
15.
8
rf
a
Bar silver, fine. oz 27%
Bar silver, contain';
.
271116
.
do
do
do
5 grs. gold.oz
283, e
4 grs. gold.oz 28>ie 28
3 grs. gold.oz 27''8
2713,6
Cake silver
oz 2915i8 29'78
Mexican dollars. 02 ^7% 27ie
Great Britain
France ...........
Germany
nCPOBTS
September
189.^-6
59 216,910
19.9^0,982
12,046,380
2,218,9^0
2,844,472
37,338,670
17,424,970
Week.
Since Jan.
1.
$13,761
25,271
1,960
$3,078,868
2,883,113
1 115,196
221,358
14y,223
326,757
40,824
$6,323,988 •19,920.124
38,1 l.=i
4,628,894
4,806,266 24,345,120
$51,018
17,723
73,999
$7,815,339
68,934,014
1,851,322
...........
i3',763
All other countries.
10,000
56'.225
Total 1899
Total 1898
Total 1897
SinceJan.l.
$5,975,000
5,000,000
3,000.000
5,516,373
11.570
307,277
109,904
$3,250,000
3,0c 0,000
West Indies
.....
Mexico
South America
""i,725
8.301
Import*.
Exports.
The following shows the imports of oereal produce Into
the United Kingdom during forty-five weeks of the new
season compared with previous seasons:
1898-9
1897-8.
1896-7.
Imports ofwheat,owt.48,35 6,4 50 55,403,110 58,912,450
Barley
19,763,743 18.3 U. -204 19,54=^,250
Oats
11,657.820 12,900,390 15,226,480
P«a8
1,8^57,020
2,096,495
2,896.015
BeanB
1.622,'10
2,201,760
2,473,370
Indian 00m
43,602,460 46,650.700 51,018,840
Floiur
17,933,605 17,828,970 17,684,780
Supplies available for consumption (exclusive of
Imports.
Export*.
Goia
for bullion are reported as follows:
Gold.
London Standard.
NBW TOBK.
Silver
Week.
Great Britain
Prance
..
SinceJan.l.
$758,870 521,703,129
...
Germany
"92"7
West Indies
Mexico
South America
"7',00"3
All other countries.
Total 1899
Total 1898
Total 1897
stoofts on
SinceJan.l
Week.
$5,711
$94,316
3,249
"4.414
431 583
807,771
470,178
1,423.686
232,920
471,767
9.600
47,957
40,428
71,037
2,871
$23,891,930
20,«26,143
1,069,813 22,925,035
$766,80.=^
998.276
19,932
$121,590
143.140
77,498
$1,827,029
1,2«4,754
1,306,157
1)
1
g9g_9
1896-7
189.»-6,
17,828,970
12,766,633
17,684.790
22,508,322
17,4/4,970
13,684,0i3
85,998,713
1897-8
99,105,552
90,355,923
1897-8.
Wheat Imported, owt.48,3 = 6,4nO 55,403,110 58,912,450 59.246,910
Imports of floar
17,933,505
Sales of home-grown. 28,745,675
Total
95.035,630
1898-9
Aver.prlce wheat,week.25d. 6d.
AvArasTA prine. Reanni) 26b 3<1
.
BntEiiaik
1896-7.
36s. lOd.
:<6«.
4d.
27s.
288.
Of the above imports for the week in 1899 $231 were
American gold coin and $1,576 American silver coin. Of the
exports during the same time $6,823,321 were American gold
coin.
1896-6.
4d.
gd.
248.
7a
25ii.
Id
Viuaucial markets— JPer Cable.
New York City Clearing House Banks.— Statement of
condition for the week ending June 24. based on averages
of daily results. We omit tttx> eivhera COO) in all cases.
The daily
closing quotations for securities, etc., at London
are reported bv nable as follows for the week ending June 30.
liOMDON
BUver, per ounce
d.
OonsolB., new,2%p.otB,
For account
Bat.
iron.
Tutt.
Wed.
I Kurt.
2713,^
27ll,e
27Ui,
27iiie
2711,,
107^
107i:4,,
IVch rentes(tn Parl8)fr. 10100
Spanish 4s
Aioh. Top & Santa Fe
Preferred
Baltimore & Ohio
Preferred
.
62H)
17»8
SHSr
.
701a
Owiadlan Paclflc
Central PaclUc
Chesapeake & Ohio
CWo.
Den.
Do
Mil.
A
99^
5214
2558
St. Paul....
& Rio Gr. com
130
2238
do Preferred.,
7fri«
rie, common
12%
let preferred
35
Illinois Central
& Nashville.
Kan. & Tex., com..
II514
LouiBville
Mo.
1238
K.Y.Cent'lA Hudson.. 138
N. Y. Ontario & West'n 2638
Korfolk & Wesfn pref
70
Korthem Paoiflo, 00m.. 48 14
Preferred
78 "4
Pennsylvania
66%
•Phlla.
ARead
•PhUa.&Read., 1st pref.
*PMla.4 Read.. 2d pref.
Southern Paoifle.
Boath'n Railway, com.
Preferred
Union Paoido
Preferred
Wabaah, preferred
* Price per share.
lOH
30%
17*«
32
10%
SOVt
4058
7688
2OJ4
\
10778
107l3,f 107%
107»,p
1071 Bw 10779
10713,H 1079,,
101-20 101 15 0112'a 100-85
6216
6178
63
61%
19i«
19 14
ISlfl
1914
5»l4
5789
5858
581a
4978
5158
51%
601a
73 1«
721^
73 18
72%
10)l2
100% 100
100%
.53 14
5^
53%
53%
26I4
2688
26
261a
13138
ISlifi
13278 13318
22I2
•2238
22%
23>a
7yi«>
78%
801a
791a
1278
1278
13
134
J4
35
35
36ifl
36%
14
II8I4
11«
I16>4
117%
69 14
70
72%
711a
I214
12!%
1288
I214
140% 141
144
1431a
27 14
2678
2714
267e
-058
72
70 "s
71
49 14
4878
4979
50
79 18
79
79%
791a
67i«
68
68
67
IOI4
1038
1038
1058
3079
3119
3138
30%
1758
1768
1788
171a
:^?%
3358
33
321a
III4
107«
Ilia
Ilia
5078
5314
511a
521a
4«
41%
43
44
79
7988
7958
77%
2f.79
201a
211a
211a
frx
271I16
107«i6
1079,
00221a
6038
197q
xrSSg
51
7178
10038
53I4
Banks.
,ap%iai
—
iCerohauts'
ICeohanios'
Amenoa
Phenix
Jlty
Obemloal
tCerohants' Exoh'gt
*all»tln
Satchers'A Drov'rs
Jtechaiilca' & Trad'8
ireenwlch
[/eather Manofac'ra
4eyeDth.
4tat« of
New York.
Oonuueroe
80
ICeroantlle
Imenoan Bxohangt
...........
Sroadwav
142%
2678
72
!
ftepabUc
America
Sanover
Oltisens'
A
Fulton..
1758
Park
—
IMPOKTS AND IflxPORTS FOB THE WEEK.. The following are
the imports at New fork for the week ending for dry tioods
June 22 and for the week ending for general merchandiBe
June 23; also totals since beginning first week January.
'ORBIOH IMPOBTB AX NBW TOBK
Dry Goods
Qen'l mer'dlse
Total..
ainee
..
Jan. 1.
Dry Goods
Oen'l mer'dlse
1899.
11,302,431
6,048.750
1898.
81,137,421
6,130.596
1897.
•3.076,524
6,718,465
1896
Sast River
Fourth.
Oentrai
Second
Ninth
Plrat
Y.NaVlExoh'ge
Bowmj
New York County.
Qierman American.
Ohaae.
ruth Avenue
9«nnan Exohaoge.
Storm aula
Unooln
aarfleld
nfth.
Bank of the Metrop
West Side
Western
rirst Nat. B'klyn..
Mat. Union Bank..
Liberty
d. Y. Prod. Exoh'ge
Vk.of N. Affisterdan
Astor
17,268,017
•9,794,989
•7,880,716
$51,250,^87
203,755,508
•47,354,487
167,877,206
•74,388,042
199,ls3,760
$58,462,824
174,84 8,998
Total 25 weeks S255.005.895 *215,231,693 •273.571,802 •233.311,822
Total
.
1,090,8
3,083,5
3,786,7
343,4
4,683,3
6,498,4
189,4
1,690,6
80,3
114,1
169,3
606,1
137,8
514.8
3,673,9
3,686,6
1,637,2
1,061.8
487.3
889,5
983,8
290,4
607,0
2,409,4
373,9
372,4
363,3
988,0
166,4
1.738.9
687,8
400,4
6,638,8
3,246.8
165,4
3,096,7
474,6
768.1
248,8
7,713,0
67,3
664,4
445,0
306,6
1,346,5
1.176,0
661,2
767,3
766,8
889,8
839,0
874,1
880.3
441,3
1,031,8
610,2
1,108,9
385,2
341.1
344,9
169,8
58,948.6 909.004.8
1,500,0
3,000,0
350,0
• 1,297,8.'^2
6,582,864
•7,351,181
D^Mtiti
58.923,7 77.653.8 778.86S,4 1940034
300.0
{mporters'A Trad'n
deahoard.
For week.
600,0
600,0
600,0
900,0
1,000,0
1,400,0
1.000,0
Oom Exchange
QooTlnental
Oriental
gam merctala ad Ba^iscellatteoftis Mtvds
..,000,0
irrtng
S.
1.200,0
6,000,0
6,000,0
1,000,0
1,000,0
1,000,0
i^orth
1058
3li«
2II4
300,0
400,0
300,0
600,0
300,0
460,0
100,0
People's
Mas San
Market
79
1,000,0
....
Dhatham
Sho«<fc Leather
III4
5258
43i«
Leoali.
1,371,3 21,161,1
782,0 12,419,0
3,096,3 28,351,0
329,0
4,832,0
6,202,2 121.617,3
1,661,1 27.709,1
889,5
6.085,8
659,1
6,906,3
71,6
1,261,9
137,0
3,004,0
161,4
P00,9
302,0
4,169,7
169,7
3,413,6
349
3,804,6
3,0u6,0 23,186,0
3,422,2 22,749.4
18S,2
6.686,6
877,8 12,b97,0
603,8
4,082.3
605,3 24,501,4
937,2
7,063.7
374,0
2,867.1
914,3 14,833.7
3.434,1 53,333,4
631,4
6,036,0
167,0
3.341.0
366,1
3.636,8
734,0
7.006,0
398,3
4.069,6
16.357.9
1 634,0
512,6
7,634,7
396,3
2.083,3
1,360,0 25,766,0
a 611,0 UU 891,0
'167.3
1.461,8
3,180,5 31.863,9
VOO.O 14.079,0
1,600,0
19%
33
Specie.
16,844.7 4,383,6
12,466,0 2.331,0
23,896,0 5,510,7
4,692,0 1,044,0
87,374,8 34,47i!,7
36,908.0 6,665.1
5,264,0 1.199,0
8,110,7 1,218,4
344,1
1,007,5
260,0
1,914,0
992,7
103,3
8>)e,l>
4,392,3
791.7
2,616,6
3H4,2
4,499,5
27,03S,0 3,b75.0
27,', 09,4
2,800.0
7,075,4 1.660,6
11.938,8 3,688.9
617.B
3,403,4
31,308.8 6,133.4
6,694,4 1,002,3
870.9
3,1694
13,649,4 3,929,6
41,604,9 11,670,0
795 6
4,660,0
694.0
3,020.5
49U,U
2,989,8
6,42^,8 1,238,5
625,4
3,667,9
14,687,3 2,375,4
6.176.8 1,47.3.0
191,8
2.046,4
34,818,0 6 838.1'
47,420.0 15,184.0
206,3
1.446,0
36.647,0 7.860,0
11,066,0 3,653,0
7,715,0 1,620,0
8b0,3
3,029,4
38,118,1 7.830,8
192,3
3,133,7
606,8
3.063,0
3.334.1
690,3
649,4
3,223,8
40,436,6 11,310,8
8,134,2 2,022,0
263.4
2,327,3
664,7
3,02?,7
11,013.6 3,605,0
6,352,1 l.6J2,4
479,1
3.187,3
6.161,8 1,142,0
459.0
3,683,0
10,318,0 3,090.0
36,301,4 9.768,0
606,3
4.490.0
17,739,0 6,181,9
4,467,3 1.248,3
617 6
4,179,8
3,993.6 1,U82,9
746,8
8,603,0
......
7938
68
3,000,0
3,000,0
1,600,0
1,000,0
1,000,0
300,0
600,0
432,7
Pacific
!
ijoant.
lank of New York.. $2,000,0 $1,912/7 $16,610,0 .f3,170,0 $l,2o0,0 $16,100.0
3,050,0 3,266,0 20.548.0 4,29 {,0
tfULhattsn Oo
1.948,0 23.661,0
261a
13258
2316
36I4
1171a
7238
1238
oturpt'i
3,000,0
1,000,0
300,0
760,0
600,0
300,0
360,0
300,0
760,0
l,00u,0
100,0
300,0
300,0
300,0
300,0
300,0
300.0
200,0
600,0
3,100,0
300,0
1,300,0
600.0
1,000,0
360.0
360,0
637,0
seee.o
32?.tt
3,667,0
39.149,3
2,389,6
3,677,0
4.050,6
3,217,6
63,779,8
9,399,7
8.316,1
4,596,3
12,S37.7
7,738.6
3,361,6
7,871,7
3.047.0
13.793.0
43,298,9
5,316,0
20,444.6
6,680,9
3.763.0
4,849.3
3,917,8
880,6
486,8
373,2
345.2
369,0
4,627,4
429,4
663,6
46:i,2
613,7
607,1
145.9
808,9
346,0
1,332,0
1.477,1
1,347 8
439,8
351,4
393,8
133.2
349.2
B«port8 of Non-Member Banks.— The following is the
ttktement of condition of the non-member banks for the
7
:
THE CHRONICLE.
12
week ending June
24,
we furnish
all cases.
Oepoiit. with
Leal-
LoansA
BAN EC.
Other
Agent. BktJtc
OapitoL
Sur-
Invest- Speci*. JtB'k OUar'g
plui.
menti.
Notet.
Ooloda!
$
9
9
9
100,0
CJoltucbla
JJOO.O
KleventU Ward...
yourtoenth Street
Fran kiln National
Oansevoort
Hamilton.
Hide <fe Leath. Nat
100,0
100,0
79,3
190,0
119.9
69,6
1,047,0
2,005,0
1.842,9
1,021,6
16»,0
733,9
1,337,1
2,280,6
609,7
1,898.3
1,168,6
(00b omitted.)
I
a summary of the weekly returns of the ClearingBouse Banks of New York City, Boston and Philadelphia.
The New York figures do not include results for the non-
N*t
Devi ilti.
member banks.
Nfw York
Citt
Borough of
Manhattan.
191,4
200,0
200,0
500.0
100,0
260,0
200,0
100,0
lOOlU
100,0
100,0
200,0
100,0
200,0
100,0
Home
Morris...
Mntral
Ward
Nineteenth
Plaza
Riverside
State
Twollth Ward...
Twenty-thlrd W'd
Union i^qaare
Torkvllle
"le's
88,7
221,3
108,0
39,4
ie,7
4
J'^
70,7
139.2
67,3
60,6
25,0
21,9
84,7
100,6
110,7
86b.6
28,«
115,9 2.093,8
873.8
107,8
114,3 2,092
115,7 1,210,6
967,4
61,1
307,6 2,866,3
141,0 1.469,7
72.7
12.7
128,0
21,6
83.8
63,4
114,0
$
i
122.6
187.0
79,0
266.8
208.1
42.0
24,2
ii'.i
133,8
160,2
7
67,6
180,9 103,0
134,0 295,6
116.0 249.0
154.8
74.4
77,0 193.0
190,1
62,3
68,1 142.1
467.6
89,"i
177.3
64.2
73,0
48,4
88.9
12,0
61,8
86,0
234,3
40.6
83,0
96,7
99,3
168,0
41,4
63,0
ll«.l
87,3
171,4
92,6
Bedford
Broadway
Brooklyn
Klghth Ward
Fifth
I
Avenue
Kings Cotmly
Macti'aoi'rs'
Keobanlcs.
&
Meob'a'
N»r
..
Tradr'K
Nassau National
National Olty
North Bide
People's.
Sohermerhom
..
War
SeTenteenth
Bpragne National.
Twenty-sixth W'fl
TTnlon....
Wallabout
Bob. op Queens.
Queues Co. (L..1.C
Borough op
Htaten
100,0
1 tti.i
3"2,'3
37,0
62.9
90.7
675,9
223.1
7o,8
6^2,0
3.2
9,9
98.9
7,0
93
917
12,8
22,1
10.4
40.7
3,6
2,6
30,3
60,5
66.1
I60.4
100,0 140.1 1.996.0
73.3
03,8
267.4
479,6
662,9
1R,7
15,7
16.0
76,2
124.9
1,106.0
400,0 768.2 4.663 9
260,0 629,9 2.0U2.3
260.0 J71.1 1,354,7
200,0 2( 0,5
848,0
110,0 423.4 1.686,9
126,0
86,1
938.1
16^.6
79.6
63,4
28,6
109,3
67,4
386
269,8
152.9
36.2
146,0
143,0
10.3
298
24,6
6.2
376,0
66.0
3a.6
113,2
67.3
240,0
1,660,4
1,249,8
42,0
"
"
855,8
68.687,3 197,564,0 16,691,0
88,587.3 196,681,0 18,524.0
88,687,3 198,669.0 19,506,0
17.
24
Phlln
June 10
2,483,1
1,183.6
2,890.1
1,701.0
28,0
27.0
42,0
41.7
43.6
4,263.0
3,00 '.I
626 8
976 9
"
17
"
21.
35,388,0 144.169,0
36,388,0 144,896.0
36,388,0 I43.e;ii,0
589.6
427,3
003 1
636 9
2674
&
26,0
100,0
Isi
lstNat..HtatenI<ii
OTHBB CITIB8.
1st Nat., Jer. Clt)
Had. Co. Nat J. <
Id Wat., Jer. City
•d Nat, Jer. City
ist Nat., Hobobeii
Id Nat., Hoboke.
48,7
72,2
47,176.0
46.876,0
46,249,0
21^.3
303,9 1064 6 123.6 6,700,0
7o.2 138,8 156,8 1,831 >
42,4 247,8
1.176,4
74,0
130 4
811,4
7.8
I8.f 132,4 43H.8 1.767.8
60,9
44 3 1.010,7
69,1
946,738.6
4.897,0 1 34.226.4
4,fO0.O 113.069.8
4,898,0 139.702,8
170.631.0
170.663,0
168,866,0
6 679,0
6.591,0
6,698,0
78.424,3
93,036,3
91.480.7
„
the Item "due to other banks."
s;iven
New York and
—
&
Mpssrs. E. H, Gay
Co. advertise in our current issue
(page ix.) a long list of bonds for July investment.
—
Auction Sales. Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By
Messrs. Adrian H. Muller
& Son
:
Bonds.
Shares.
$6,000 City of Newark, N. J.,
funded debt water 48,1922,
11158&
28 Phenix Insurance Co. of 198i2
Brooklyn
9 New Amsterdam Gas Co.
60
preferred
11 New Amp. Gas Co. com
Int.
New Ams. Gas Ist
mo t. 5s, 1948, J.&J..104»fl
$2,000
630,8
66U.4
10S92036
11374629
&
676,4
2,304.9
9
964.342,9
that the banking business heretofore
Boston under the title of Poor
Greenough will, on and after July 1. be conducted in both
Co. The partcities under the firm name of H. W. Poor
ners are the same as before, there being no change except in
the title of the firms.
is
tranf<acted in
912
1
6,976,( 235.022,0
13.639,9
13,609.8
13.^87.1
18,686,8
•
— Notice
26,9
23 6
9
6,607.0 233,083,0
6.747. 2M6,987
• We omit two ciphers i?i ail these figures.
t Inclnding for Boston and Philadelphia
i.':'.^2
3,1
9
80a.*
June 10.
CteaHngi.
~'9
69,530,ViS90.061,6
69,817,? '^97,831.6
69,787,J- 907.770.0
58.945,t 909,004,8
136,676,0 778,868,4 1940034
24,
667.3
1,475.6
1,741,7
638,3
2,202,7
1,3"1,3
i,s;iiB
2,284.0
Dt90iUt.* Oif«Tr.
Ll§aU
~$~ ~9~
$
M. Y.
June 3.. 136.009,4 746,602,2 2056952
•'
10. 136,009.4 767,407,6 2041637
•'
17. 136.009,4 773,310,2 1971679
2,074
1.371.7
1,477,2
1,221.4
282 4
644.7
863.3
2,988,2
3 096 1
98,8
A*n><iM.
F.&A
KlCHMO^D.
Bank of
26,3
23,8
84,2
16,7
22.5
103.8
148,2
76,3
139 9
47.4
24 4
18,9
25,9
2o7.9
161,2
42.4
281,0
2b7,0
61,0
3d.9
i3.1
33,3
160,0 109.4 1,263,7
100,0 126,3 1,348.1
300,0 160.7 1,186.7
319.»
100,0
36,1
100.0
690.3
63.0
865.0
160,0
66,0
421,8 2.416.6
600.0 380,6 2,849,6
100,0 189.^ 1.121,2
tiOO,o 666,3 4,002,0
S00,0 566,6 2,073.0
100,0 114.4
68V.7
916,6
100,0 119,0
697.2
100,0
62,1
6"/,
47»,a
100,0
200,1 214,0 1.091,8
613,4
100,0
62,6
307.f'
64,1
100,0
lOO.f'
630,7
82.0
OavitalJu
BAHKa
9
Borough op
Brooklyn.
[Vol. LXIX.
New York City, Boston and Philadelphia Banks.— Below
based on averages of the daily resnlti
We omit two ciphers (00) in
MoBut
(
con.
$32,000 N, Y. Hygeia Ice
and$10
Co., Lim., 1st 6h. 1902
IOOI3
$5.f>00 City of N. Y. .'Jifls.
341*
scrip
20 Atlantic Construe.
Co.,
$10 per eh.
$.soeach
106&lnt. 200 United N. J. RR. & Can.
$2;<,0'
Dixon Water Co.. of
27514 ex-dlv.
Co
Dixon, 111., let 6s, 1915,
175 N. Y. & Shawnee Coal
J.&J
$200 lot
lOOie
Co
Sewer
$30,000 Sanford & Lake EusBranch
17 Long
Totals Jai e 24 iS.os3.4\i 062, i>3.',jo,4 s.7J7SS.<i^S'' S,2o;,i 2.7:0 j\(q,j:o.7
$80persh.
tia Ist 6s, 1916, M.&8.: all
Co
Totalf .June 17 [S.ojj 416,002,0 Oj^So I .7S6.S f,isi'<< ,7.'0!>fi i-iSQ 0^60.4300
unpaid coups, at'ched.^l,.'' 00 lot 200 N. Y. Mutual Gas L. C0..27514
Totals J u e 10
os3,4'^,o63.o OSrSSo.Q 'm.4\4 303 z'S.z02^i'3.b3S5 (>0 <W(j '
118^2
$25,000 N. Y. & Shawnee
42js German-Amer. Bank
735
Coal Co .l8t S. F. 68, 1908. 60
48 Hanover Nat. Bank
$30,000 Equit. Gas L. Co. N.
4
Nat. Shoe & Leather Bk.l04
DI
v., Ist con. 5s. 1932, M.di8.119%
7 Market & Ful on Bank.. 240
5O8I2
$2 000 Syracuse Rap. Trans.
10 National Park Bank
Ry. 5s. 19 6, M.&8
9514
(iold MinLadue
Joseph
50
Per
When
Books closed.
Name of Company.
$4,000 B'klyh & N. Y, Ferry
ing & Devel. Co. of YuCent. Payable.
(Days inclusive.)
Co. lst.'=>8, 194-, F.&A
991-2
kon 6% cam. pref. $10
$1,000 Lafayette Gas Co.,
$6 25 per sh.
each
Railroads (^team).
184
Ind., 1st 68. 1924, M&N.... 80
7 Central Nat. Bank
Belt RR&atk. Yds. Ind.. com...
105
.«5,000 Det. & Mackinac RR.
July
Surety '"o
Lawyers'
to
10
do
do
do
pf.iqr.)
f Si
mo t. 48, 1995, J. &D
68
16 Corn Exchange Bank. .37012^
Burl. Cedar Rap. & Nor
llJuly 6 to Aug. 1
$^,410 27 City of Rahway
1,000 Nat. Nickel Co., $10
do
do
do
(extra)..
2 } Aug.
a ju tment 4s, 1922. .95io & int.
7c. per sh.
each
Canada Southern
1
Aug.
ijjuly 4 to July 16 $H0.O0O H»riem
Riv. & Port100 U. S. Trust Co.,ex-div.,1625ie
Cumlierland Valley (auar.j..III.
2
July
to
chester RR. Ist 78, 1903,
1 N. Y. Life Ins. <& Tr. Co.l492
Del, Lack. & West, (quar.)
1^ July 2< July 6 to July 19
A&O
116
Det. Hislldalt- & 8oulhw
July
2
5
to
$1,000 Jersey Cnty water
Lake Shore & MU-h. Bouth
to July 16
31a July 28 July
78,190.'. M.&8
llOio&lnt.
Mlobi^ao Central
2
iJuly 28 July
to July 16
Pitts. Ft.W.& Culc.spec.gu (qu )
1
1% July
to
By Messrs. R. V. Harnett Co.
do
do do retr. gu (qu.)
1% July 5
to
Prov. & Worcester, guar, (quar.)
2^3 June 30
to
Bonds.
Shares.
Rutland, pref
1
July
1 June 28 to July
1 $19,000 Ft. Wayne Wa' er Pow.
10 German- American Real Est.
St. Joseph
Gr. Isl., ist pref!!!
Aug.
1 July 16 to Aug. 1
Co. l-tSs, 1935; Dec. 1, 1898,
37
Title Guarantee
Street Railways.
all eubseq't coups. at'ched..20
&
Boston Elevated Ry
- to
3
JAug. 15!
Cleve. Cit.\ Ry (qii>,r)
..!!"
July 10; J Illy 1 to July 10
1
Comnionw'h Ave., Newton, Mass,
2
J line 30
Newport News <fe Old Point Ry.
1917
,
i/i
VIDENBS.
.
|
&
I
I
|
<fe
I
I
I
<fe
Electric, pref
Soranton & Cariiondale Tract...
United Traction, Pittsburg, pf..
Banks.
Bedford (Broot« !> n)
Brooklyn, Brooklyn
Fifth National
!
do
do
(extra)
1.
Kings County (Brooklyn)
Manufacturers' Nat (Brookl'n)
Mechanics' (Brooklyn) ..
MechMiiic8& Traders' (Bklyn.),
do
do
(extra)..
Mercantile National
National Citizens'
NaiionalC)t> (Brookl\n)
North Side (Brooklju)
N
Y. ('aunty National
Rlvers'de (quar)
"".
Second Naiioual
""
SprakTuc National (Brooklyn)
Twelfth Ward
Fire inMurauce.
CoTOin..u wealth
Hamilton
."......"!
'I rust • onipaiites.
Brook jn, BrooUljn ((juar.)
Long
Isl.
<Si
T.,
B'klyn (quar.)...
United States
1
ft
1
2»fl
July
4
July
1
3^2
3
iJuly
1
1
IJuly
iJuly
1
2J«
5
5
July
]TIl«ceIla neons.
Amerioau ToIimcco, com. (quar.)
do
,
Virginia-Cai ol na t;hem,,pt. (qu.)
1 to
July
5
- to
5 to July 15
June 29
June 28
to July
to June
1
1
to
luly
iJuly
1
1
1
6
3
3
July
July
July
July
July
July
3
3
jJuly
'July
4
July
July
J une
July
June 95
Juue25
to July
to June
June 24
to
l»«
lis
Aug.
July
1.1
July 18 to Aug. 1
July 4 to July 16
iJuU-
15
to
IH
1%
'July
uly
3ifi
I
7
3
20
II3
2
3
June 24
June
June
to June 30
to
28 to June 30
21 to J une 30
June 29
June 27
10|JuLe23
1
1
1
6
1
—
to
to
to
to
July
INVESTMENT SECURITIES.
HARVEY EDWARD
Spencer Trask
BANKERS,
37* t» PINK STKKET,
to
65
to
4
2
2
I
July
July
Ijuly
&
...
H. ROBINSON,
T. Stock Bxcbans*.
Co.,
NEUT T«BH.
State Street, Albany.
INVESTMENT SECURITIES.
2
30
June 30
Qbobob Ba^olat Moffat.
IJfl!
GEORGE
FISK.
Member N.
2
9
& ROBINSON
BANKERS
June 30
July
NASSAU STREET, NEW YORK.
FISK
June 25 to June 30
June 28 to JuneSU
June 28 to July 5
1
5
3
36
4
30
S'juiy
July
pref, (quar,)
Consolidated Ice, pref. (quar.)
N. Y &N. .J. T. lep (quar,)
Philadelphia Co. ((juir.)
Stand, L)irtiil.<&lni'-irib.,pf. (qu.)
Stetson, .John B pr-f
United Sates Pnjectlle (quar.)
July
15 July
{[July
20
State
do
July
jJuly
2>«
10 July 1 to July 19
15 July 11 ti. Jill- 1«
1 June 29 to Ji ly 1
15 June 29 to July 1»
Moffat
Alexander M. White,
Jb.
& White,
BANKERS
No.
1
...
NBWVORH.
INVESTMENT SECURITIES
NASSAU STREET,
..
July
1,
.
THE CHRONICLE.
1899.]
"^ixnXuvs^
^p" For dividends see page
13
The following are the daily closing quota39, reg., at 108^.
tions; for yearly range see seventh page following.
®iiztiU.
rs.
'
Interett
Periods.
I
June
24
June
June
26.
27.
I
June June
June
{
28
SO.
29.
I
WAL.L. STREET.
FRIUAV. JUNE
1699.-S P. M.
We called
Sitnatiou.—
The MoneyMarket and Financial
attention last week to the fact that there seemed to be a
30,
waning interest in miscellaneous or industrial stocks in Wall
Street and a consequent decline in prices.
That condition was followed by a revival of interest in
railway securities and an advance in values that is quite unusual at this season, but the cause for which is not obscure.
A report published early in the week to the effect that negotiations had been entered into for placing the Boston &
Albany system in control of New York Central management
awakened much interest in railway circles and among securTo day a lease of the Boston & Albany was
ity holders.
definitely made.
There was also a revival of rumors in regard to a possible
closer alliance between the New York Central and other
lints, which stimulated a demand for several issues of railway shares. Other substantial influences in the same direction were crop reports and railway traffic returns, both of
which continue to be of a most encouraging character.
Although the market for foreign exchange has become
easier and rates have declined somewhat, $5,050,000 more of
gold has been shipped to Europe this week, making a total
of Sj;l8,800,000 during the month now closing. For this and
reg. Q. -Mch.
28,
reg. Q.-Feb.
38, 1918
coup. Q.-Feb.
3s, 1918
38. 1918, small. reg. Q.-Feb.
38, 1918, small,. c'p. Q.-Feb.
reg. Q.- Jan.
4s, 1907
ooap. Q.- Jan.
4s, 1907
reg. Q.-Feb.
48,1925
coup. Q.-Feb.
4s, 1925
reg. Q.-Feb.
58, 1904
oonp. Q.-Feb.
5s, 1904
•lOOia 1001^ *100i« •100% *10''3»'*101
108>2 *10838 *10838 *l08i« 1081s* xl08
108^ 1088s 10b % no8% 108% 109
*108
*i08" i*i08i4
10814
'ids'
ni2i4 11214 *H2i4 *112l4 m2i4i'112i4
*113i«t'll3i3
1141$ 113%
114
*129i« *129J2 n29i2 •12912 •129i3t' 1291a
•)29ifl *129i« *129io *12P1« *'29ij •1291a
-11214 *112l4 •112i« *112i4 11214*11214
•11214 ni2i4 112>4 11214 •11214*11214
'This is tke prloe bid at the morning board
;
no sale was made.
—
Coins. Following are the current quotations in gold for
coins and bullion;
Fine SUver bars.. — 60%w — 61
Sovereigns
$4 87 «$4 90
—93 » — 96
Napoleons
3 87 « 3 90
Flvefranos
X X Reichmarks. 4 76 ® 4 82 Mexican dollars.. — 48i4® — 50
— 44 » — 45ia
4 78 » 4 83
Peruvian sols
25 Pesetas
English sUver... 4 85 ® 4 89
Span. Doubloons.lS 50 »15 60
Mex. Doubloons. 15 50 -315 60
U. S. trade dollars — 60 ® — 70
Fin e gold bars. . par '3 14 prem
.
—
State and Railroad Bonds. Sales of State bonds at the
Board are limited to i|21,000 Tennessee settlement 3s at
^i%
to 99.
The market for railway bonds shows a decided improvement this week, especially as to the volume of business,
which averaged nearly $3,500,000 par value per day, against
about $l,6r)0,000 last week. The market as a whole was
tame when compared with the stock market, although
generally firm, and there was a substantial advance in some
issues.
St. Louis Southwestern bonds were by far the most
active, and advanced nearly 3 points on the announcement
made last week of an interest payment on the 3d incomes to
other causes, including shipments of currency to the interrior and preparation for the July Ist settlements, the money
market has become firmer, call-loan rates advancing to six
per cent on Thursday and to 15 per cent to-day.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from y to 15 percent. Today's rates on call were 4 to 15
per cent. Prime commercial paper quoted 3' 4 to 4 per cent.
made July 1.
The list of bonds which advanced a point
be
or
more includes
Colorado Midland 2-4s, Erie General Lien, Kansas City
Pittsburg & Gulf, Missouri Kansas & Texas 2ds, Northern
Pacific 2ds and Wabash Debenture B. Baltimore & Ohio
issues were weak.
In addition to the above, special activity
is noted in the Atchison, Colorado & Southern, Norfolk &
Western, Reading and Wisconsin Central issues.
Stock and Bond Sales.—The fol> owing shows the volnme
The Bank of England weekly statement on Thursday
of
business in stocks and bonds on the New York Stock
shewed an increase in bullion of £162,951, and the percentage
Exchange for the past week and since January 1.
of reserve to liabilities was 37'59, against 42*44 last week; tne
/— Week ending June 30.—
Saiet
Jan 1 to June 30.
^
discount rate remains unchanged at 3 per cent. The Bank N. Y. Stock Exeh.
1899.
1898.
1899.
1898.
OoTemmentbondi
$41,100
$17,000
$3,995,000
$6,659,860
of France shows an increase of 12,400,000 francs in gold and SUM bonds.
1,K.^6,800
31.000
8:12,600
>
a decrease of 3,800,000 francs in silver.
The New York City Clearing-House banks in their statement of June 34 showed a decrease in the reserve held
of 13,998,700, and a surplus over the required reserve of
$25,697,800, against |30,003,200 the previous week.
1899.
Differen's/r'm
Prev. week.
June 24
1898.
June
25.
BR.&mlao.bondi.
1S,088,SOO
Total
Stocks— No. ahares
$i::, 150,600
58,922,700
Barplna
77,65:^,300
Loans &diBO'iitB. 778,868.400
5,558200
13 58«,600 Deo
500
In.
Olroalation
Vet deposits
909,004.800 Inc. 1,234.800
Specie
194.003.400 Dec.3.15'1,500
liegal tenders....
58.945.600 Deo. 842,200
Reserve held
Legal reserve
Sorplas reserve
252,^4 9.000 Deo.3,996,7no
227.251,200 Inc. c 08,700
25,697,800 Deo.4.305,400
59,022.700
75.641,900
612,699,100
14,666.400
737,547.800
184,106,900
62,486,300
246,593,300
16 4,3; 6,950
62206.?'50
13,879,000
891,332,410
S41.91<«,100
$13,8^6,500
$5'0,223,160
$896,150,010
2,?S6a,497
100,95a,;t28
SK.S 18,649
1,262,488
Par Talne....$2.')2,740,7(.0 $117,870,250 $9,801,770,060 $0,096,081,525
Ban]ubareB,parTal
$14,000
$102,785
$308,450
We
add the following daily record of the transactions:
Week ending
-Stocks.Bailroad, <tfe. State
U.S.
June 30, 1899. Shares.
Par value.
Bonds.
Bonds.
Bonds.
1897.
Ju7ie2i>.
Saturday
;9 .017
Monday
476,348
61H,785
571,093
444,052
359,203
Taesday
Wednesday
Capital
.
Thursday
60,022,700
75,088.800
521,681,600
Friday
Total
13,8 70,900
597.09 '.600
The
2,559.497
sales
108.112,600
Listed
198,512,800
l49,27J,650
shares,
10,952
89,H65
30,266
Monday
. .
Tuesday.
Wedn'sd'y. 2><,581
Thnrsday.. 80,405
Friday .... 83,316
49 239 150
.
—
2,690,500
2,046,000
2,35>',000
6.000
$252,740,700
13,0b8,S0O
$21,000
$41,100
$1,184,500
1,916,500
50,>*66,000
2,Hirf,000
$15,000
on the Boston and Philadelphia Exchanges were
90,4' 0,200
Saturday
56,413,7C0
43,813,700
35,790,400
$6,000
14.000
11.000
8,600
4,500
8,000
$18,895,700
46.981,200
Boston.
Unlisted
shares.
7,612
6,835
4,343
13,840
:
Philadelphia.
Unlisted
Bond
Listed
.
Bond
sales.
s 16,100
re 780
41,800
30,443
88,620
shares,
6,788
14,836
14,711
14,688
shares,
16 457
21,W44
24,
45
14,352
34,248
88.544
sales.
$214,830
90,780
123,0S3
169,800
91,300
185,828
8,«9 7
Foreign Exchange. The market for foreign exchange has
5,.33(i
18,542
20,311
been weak and rates fractionally declined under freer offerTotal. ...147,940
48,176
347,285
129.090
879,481
70,811
ings and a more limited demand for bills.
To-day's actual rates of exchange were as follows: Bankers"
fiailroad and Miscellaneons Stocks.— On a volume of
Blxty days' sterling, 4 853404 85J^ demand, 4 87)^@4 87K
business much larger than last week, averaging about 500,cables, 4 86@4 883^; prime commercial, sixty days, 4 84
000 shares per day, the stock market was decidedly strong
4 85; documentary commercial, sixty days, 4 M^i@4: 8b}^ and at times buoyant until Thursday, when the upward movegrain for payment, 4 85@4 85^^; cotton for payment, 4 84^4 ment subsided and a mild reaction set in. To-day's market
;
ll.B'.iO
;
^@
;
#4
843^; cotton for acceptance. 4 84X04
Posted rates of leading bankers follow:
June 30
was irregular, several leading issues closing at the best prices
of the week and others somewhat lower. The railway list
was again conspicuous, chiefly for reasons mentioned above,
and led the market in its main features. The movement
carried
York Central up to 141, a gain of over 10 points
within eight days. North West, advanced 11 points, St. Paul
Omaha 12 points. Cleveland Cincinnati Chicago
St.
Louis 5 points, St. Paul, Burlington
Quincy and Rock
Island each about 5 points within the same period. Other
leading railway shares advanced from 2 to 4 points. The
local traction stocks were irregular.
Manhattan Elevated
was strong on a report that contracts for electrical equip-
85,
Sixty days.
Prime bankers' sterling bills on London. 4 86 94 86^
Prime oommeroial
4 84^94 85
'Dooomontary oommeroial.... ............ 4 84i4»4 8514
Demand.
New
488I4
&
&
Paris bankers' (francs)
5 19%* 18lli„ 5 16"8»163i8
Amsterdam (guilders) ban|:ers
3915, «» 40
4oie «403ie
Franklortor Bremen (reichmarks) b'kera
94%994l3j(
95 !^»957,6
The following were the rates
of domestic exchange on
at the under-mentioned cities to-day: Savannah,
buying 1 16 discount, selling 75c. per |1,000 premium; Charleston buving par, selling
premium; New Orleans, bank,
50c. premium; commercial, $1 00 discount
Chicago, 20c.
p«r $1,000 discount; St. Louis, 60c. per $1,000 discount.
New York
ment had been made, while Brooklyn Rapid Transit and
%
:
—
United States Bonds. S&les o* Government bonds at the
Board include |6,000 48, coup.. V 07, at 113% to 114i^; 17,000
4s,
109;
reg , 1907, at 1 2H
$23,C00 3s, coup., at 108 1-^ to
$4,100 ditto (small bonds), at 108i^ to 108^ and |i,000
;
&
,
•
Metropolitan Street Railway showed a tendency to weakness.
Transactions in the miscellaneous list were relatively small
and fluctuations unimportant.
Federal Steel common recovered somewhat on withdrawal
of the injunction suit. American Steel & Wire common
further declined on the passing of the dividend. The Tobacco stocks were unsteady.
American Sugar Refining
advanced.
%
.. .....
......
.
..
THE CHRONICLK-STOCK
14
BT00K8-mBHBST AND LOWSST SALE PBIOaS.
Saturaay,
24.
Monday,
June 26.
17
•16
•iOH 42
42
•15
17M
8BH
179i
66?^
47M
48
IIBH
70H
iie^i
•82
•71
85
75
18
42^
17« 18^
66^ 57
•17
•43
1896
88
35
•82%
•71
76
•71
•97«
98% 98M 98k
55
•64M "siH
554t
649i
116 llOM 117 117H 117
52
51«
519<
»*% 25
181H
I3aji
59M 60
73«
•69
•
1896
•87
25M
182%
959*
133?i
60
74
69
27.
18%
43k
ISV'
66% 67k
48% 49H 48%
70% 71^ 70
113% I17X 118%
x88!,<
68?<
34
8
40
30
4994
71
11694
34k
75
98%
65k
11'%
68k
85%
2596
13296 18496
18
18%
48% 42k
1896 18%
6796
18
•38
68
50k
71k
82%
71
98%
5^%
11796
52%
2594
134%
June
30.
•18
18%
48k
19«
of the
Week.
Share*
Lowest.
14%
91k
8%
•38
10
43k
180k
173k
AnnDoArbor
18%
48%
•41%
Highett.
6896 X57
Do
Do
4994
57% 67%
"6894
•73
128
•121
184
1496 1496
14%
92% 98k
192%
33
•31
68
74
182
1,70(
Paolflo
anada Southern
. .
Do
rights
Chicago Consol. Traction
Chicago & Baat. IlUnols.
650
.
Do
Do
Do
Do
8294
10
•40
700
6p.o.pref."A".
4p.c.pref."B".
Do
1,000
1,881
&
LouIst.
pref
St. Paul.
pref
S48
2
1
83
794 J an
8ar 81 Jan
810,058 l20%Jan
87
4
163
f^
Colorado Mid., Tot. tr. otfs.
•5^ 5?*
48H 43H
•16
17
119
119
•5M
6k
44
44
17>i
17X
119% 121
169^ 1699i 172
J»l« aiH
81% 22
76H 76H 76H 77H
ie« 19H 19% 80
•169
•4
•11
5
4
12
•10
•17
18
89
•80
89
85
•3894
•80
12^
•83^ 34H
•58
63
•24
26>t
160^ 168
|24« 21^
e>S9i
58^
•iiapi 114
40
86
124
6896
114
24
58)s
114
4
•8
4
•16
•36
18
50
•16
18
60
•16
16«
•206
•6»
210
75
67M
ISJi
•8>4
ills
64
35
•92
93
25
67
12
86
•64
•UH
33M
88Ji
•87H 40
92
•35
83
67Tl
93k
27
66
12
liiH
83%
41H
34
•37%
48>.
41
•188
184^ 135% 136%
•18>6
16
•68
•80
13%
75
83
•68
•30
•818
214
1218
26
865«
28%
20
22
'^k
19% 21%
82
229t
7796
77k
21%
1296
•9%
•12%
84% 35%
8594
1296
18
•39
•80
•23
18k
40
85
26k
168
25
5k
12
13
15
73
33
818
2«96
20
5k
•39%
40
•80
85
67% 57%
48% 49
12
ii^
•7%
7k
12%
48%
499*
13
11%
7%
4
•3
•16
13
13
3594
35%
7k
35
35% 35k
•84
169
4
•3
18
•16
•35
18
50
18
1694
93
12
88%
12%
39
•24
16994
28k
169%
23% 22
66
6'<94
28
16
35
87
95
S94%
2e9i
•25
66%
88k 6ek
12%
•12%
6S
75
3496
36k
58
56
13
48%
77%
4894
48% 49
48?8
48%
7796
7796
78
77%
7794
37
38%
72
71
89k
8y
60
132
6494
85
87
•37%
39%
•82
86
60
50
131
38%
1
64% 54k
•85
87
no
Bid.
Ask.
Sdmor
5s 1914.... J*J
115
41
105
240
107%
117
Con 5s 1943— Sm Stock Bxcbl 1st.
B'way Snr Ist 5b gu. 1924 114% 116%
>d Ssint as rental. 1905 104
Oantral Crosstown Stock 850
M*N {186
1st
8s 1922
0«S Pk N * B Blv— Stock 185
Oonsol 7s 1903
J*D {111
—
106
870
196
118
71
20
7l,49v
Island.
LouisYllle & Nashyllle. , .
Bier., consol
anbattan
\y1
etropoUtan Street
L'-l
West Side
Do
Viet.
56
19>',144
)-
400
pref.
15
6
25
J'ne
5
t
9
4
82
64
80k
on thu day.
Street
64^
54J4
82
Railway.
DBS*
—
Plttsb. Cln. Cblc.
54>,
Uo
I Less tban 100 shares, t Bx
85
F*A
Blghth Avenue Stook...
Scrip 6s 1914
4 2d A Or 8t Fer— Stock.
42d St Man * St N Ave.
.
mort 8s 1910.. M*S
2d Income 68 1915. J*J
7
Bid.
Ask
176
185
114
108
888
108
400
85
117
96
Lex Av* Pav F 5s-S«« Stk Bxchl
Metropolitan— <Se« Stock Bxohl
Ist.
195
118
105
480
L.
dlv.
and
rlghta. t
Jan
6
5%Feb
1
44%May
16%J'ne 14
li
«
i
35%Jan
97kJan
73kJan
58
;
"
116
6
1194May IC
31
J
Street
Railway.
ist.
IsU
1,2-'P
6894J'ne If
Bid.
170
196
109
Consol. 5s, 1948.. .F*A 120
804
Sixth Avenue— Stock
Son Boulev 5b 1945. .JAJ {118
So Fer 1st 5b 1919.. A*0 {110%
Third Avenue— 5m Stock ExchI
28th A 29th Sts Ist 5s. '98 {118
Twenty-Third St^Stock. 390
JAJ 106
Deb Ss 1906
Union Railway— Stook... 190
Union Ry 1st 6b '42.FAA 114
.
—
.
119
99
1,900
]
May 11
84%Apr 18
38
6
Ask.
180
I
Mar
24
3894Deo
May 100 Dm
Mar 78%DeO
6%Marl 7 Mar
84
1
48
I
Apr
10
l4kJan
2894Mar
82 Mar
41
Jan
46%Dm
Nov 88%Feb
n67%Jan {180 Dm
105 Mar 124%Dm
24
1196M8r 1696 Jan
73 Feb 70 Jan
28 Mar 40%Jmi
1320 Jan 1358 Oot
1120 Apr 1188 Not
il78%Jan SOI
1896Apr 19HDM
65%Feb 18
81%Jan 86
7
2
4%J'ne| 7%Deo
%Dec
l%Ma;
99%Mar 118 Dm
Jan 24
62%Apr 28
May
98 May 8
87%May 1 b
71 May 19
14%Jan 30
42%Apr 3
58%&pr 4
101
894Jan 24
39 Feb 1(
30%May
J'ne
17%Apr 27
4%Apr 2e
DM
11% Apr 1996DM
42%Mar 08%I>M
19
44%Dm
Feb
56%Mar 79M8ep
86%Jan 61%Aic
d5%Mar 78 Not
3494J*ne «8%Bep
52 Jan 23
7694Jan 83
51 Jan 86
79 Dec
90 Feb 20
67 Nov
6794Feb 21
148 Jan 23 11094Mar
88 Jan S3 38%Jan
67 Mar
98 Jan 83
Btfora payment of aumk
Ninth Avenue— Stock.
Second Avenue Stock.
1st mort 5s 1909.. MAN
48%Dm
8 Dm
86%Dm
15
7%Mar 11%Dm
8 Jan
5% J'ne
16 May 18%J'ne
80 J'ne 84 Jan
82 Jan 85
i
22kJan 27 12 Oct 88%Ang
53 Oct
83 Aug
75 Jan 27
208 Jan 84 17094Jan 815 Dee
40 Jan 69%Aug
85 Apr 4
I
44 Apr e5%DM
6 71%J'ne 29
90 Oct 180%Jan
l3a*gApr 3
li 269
Mar 8»- 125kMar 19494Deo
70,561 12'^%Jan 5
1,300 43 May 11
1,225 80 Feb 10
pref.
Apr
5%0ct
Apr
25
18
consecutive p\Q'Ba).—S7REB2
170
Bxohl
* St.
11 596 Dee
96
<.
69%J'ne
h5
Apr
Jan 83
1794 Jan 80
2
a;
4896Jan
73 J ne
83 J'ce
pref
13296 134k Pennsylvania
Christ'p'r* lOth St^Stock
Col* 9th Ave 5B-SM Stock
Dry
Bat.— Stock.
Ist gold 58 1932. ..J&D
Scrip 5b 1915
Do aa
7%Dm
13%Apr 88
51kFeb 15
16 Mar 22
182
7
^
400
Pacinc Coast Co
Do 1st pref
40
86
60
8% J'ly
Apr 27
60%Apr 87
13
7
88,980
12,163
Mar 1894 Not
Aug 49 Not
115 Nov 28 Mar
10 May 17%Dm
Jan 86
NT.
49^ Nor. Pao. By., toU tr. otfs
pref.
77%
Do
87% 88% Or.BR.*N.Co.vot.tr.cfs.
72
Do pref., vot. tr. otfs.
7894
78%DM
Jan
10
36
29
It
1
40
Mar 2t
Maris tl88 J'ly 180 J'ne
61%Jan 81 40%J'ne 60%NOT
3
794 Jan 17 Mar IJ
3 May
Jan
Jan
2b 112 Jan
500
18,940
44,975
Jan
15
19
8%Dm
16%Feb
89%Apr 4896Feb
15% Apr 8l96Feb
88 May 4196DM
3t
30
6 195
1
1
700
Dm
Jan 84
32kMay
65 May
6
1,000
J'ne
894 An«
S
1,815
520
Dm
9
8044DM
694N0V
896DM
14
88%Deo
43%Jan
i),530
2,000
6%J'ne
9
41kJ'ne 9
85 J'DelS
4
Jan
DM
296Auff
5 Air
11 Air
7
97
DM
Dm
Apr 22
16kJan 19
37,47u 18794Jan
1,120 14 Apr 2
....
El. (Chlo.)
68
09
49 Apr 00 J'ne
108 Jan 113%Fel>
9%Feb 18 Aug
71%J'ly 85
88 Mar 64 Dee
80 Apr 88 Not
7 Feb 11 J'ly
28 Apr 88%jny
14
Mar 88
56%Jan
63 Mar
Sep
8%Apr
Jan
Jan
250 196%Jan
.
Long
75
(Given at foot op
1st
1,120
2,455
. .
84
76%8ep
90%JaB
3
22%Jan
15 Mar
33 Jan
1494J'ne
60 Jan
78%Dm
e94Apr 22
83% J an
1
11
S(
Feb
148%Jan
4 9% J an
pref
4896
7794
39% 39% 38
82
54
5494
87
sales
42
88
80
182% 133
86
60
139% 13296 133k
NBW
YCrnK CITY.
Bi«Mk St*Ful F-Btook. 39
tstmori 7s 1900... J*J 104
B'way A 7th Ave— Stock. <130
Istmor 5s 1904... J*D 105
3fJ^
•82
•m
54% 54%
H5
37% 37% 38
•69
OUTSIDE SECURITIES
(Street Rallvrays.
Do
79%D««
17%Mar 8696DM
85%Mar 186%Dm
8% J an
42
May
83%May
54%May
110 Jne
lOkMar
48%May
7^Dm
Mar
May
Apr
44%Mar
83%Oct
5b%Mar
25 Mar
16kMay
17
Keokuk & Des Moines
4
18
50
18
Jan
12kJ'nea8
33kJ'no 81
36
70
550
.
4894
•37%
a,t50&
pref
Michigan...
Gulf.
*
13% 13k Mexican CentraL
894
3% 3h Mexican Nat'l tr. rects...
•111
Michigan Central
55
55
55k Minneapolis * St. Louis.
Ist pref
Do
91
Do
8d pref
94% x91
•25
88
P.
8.
Marie
Minn.
St.
8.
A
27H
pref
Do
86% 66k
6(5k
lai, Mo. Kansas * Texas
18k •12
Do
pref.
85k 8494 359*
44H 4396 44k Missouri Paclflo
Ohio
41
Mobile*
40%
40k
48%
•82
•60
131
54
6,905
1,420
9
i>
69
72
pref.
19SDM
68f2DM
85
68
78
32%Jan
8894J ne
600 82 Jan £ 4994Apr 17
Morris* Essex
176 Jan S SI80 J ne 1
Central * Hudson.. 127*. 920 18194Jan
S 14494Mar 89
1,450 18 J'ne 29 1994Jan 88
N.Y. Chia * St. Louis.
100 65 Mar 7 79 Jan 83
1st pref.
Do
100 29%May 24 41 Jan 23
8d pref.
Do
New York * Harlem
i380 Jau 2t 1390 Mar 14
129%Jan 87 <138%Marll
N Y. Lack. & Western....
Haven
878
New
Hart.
219 818 828 216 888
4
il98 Jan 19 i222 Apr 20
N. Y.
28%Mar 27
26% 8694 N. Y. Ontario & Western. 14,225 1896Jan
2«96
269*
4,070 1796Mar 17 8894 Apr 27
20% 20% 2094 2096 80% Norfolk* Western
14,573 6196Jau
70
pref.
8
6 974
8 71%Feb
Do
709*
6994 70k
219
217% 219
88% 2696 28%
19% 1M9» 20
69 k[
97
1,801
an. City Pitts.
70
7lk
117% 118k
828% 2a8y4
15% 15k
15k
47Ji
72
Kanawha*
71%
89
69
Do
49
Apr
IS
84
88
F«b^
17
4396NOV 50MDM
28
1494NOV 80
8 18694Apr 20
93 Nov 114%Feb:
7 179 Apr
140 Oct 159 Feb
4
7 2696Apr 27
10 Apr 81%Dm
11
80 Apr 27
40 Apr 7196Dee
5
Valley
Do
laO
6854
77k
35% 36%
Hocking
24
IS
40%r«b
Dm
5
11
14
8,672
. . .
34
43% 44
48%
43k
40
40
40
40
133 185
183 185
183 185 •183 185
137% 140H 13994 141
13894 l4ok Z13794140
14
13
16
•1394 14^
12
12
14
•69
68
75
73
fS 70
68
65
80 33 80 83
31
30
81
35
34>,
42
40
30(j
Keokuk * Western.
18
Lake Biie * Western.
71
71%
Do
pref
18019420194 Lake Sh. & Mich. South.
18k
3
794Jan
Do
pref
Ft. W. & Den. C, stamped
Worth
& Rio Grande.
26k Ft.
170% Great Northern, pref
r'nB 4W.,debt cfs."A'
Do debt certfs. " B "
Apr
Jan
DM
«
13kJ'ne
l,52C
3,880
"abo
3
4
68kJan
4,230
100
Flint & Pere M»rquette.
12k
7% 7k
7%
8,92\
UOO
•11
18
60
9,346 106%Jan
3,677 157 Jan
6,130 ISkJan
89% BTansT. A Terre Haute
Do
pref
11
84
12%Apr 85
49 Apr 17
13396Feb 20
88kApr I8O94DM
174 J'ce 29 140 Apr ie6%DM
168 Mar 29 118%Mar 143%Dm
200 J'ne 27 168 Jan 191%N0T
182%Jan 27 80 Mar 114%DM
10 9k J'ne 2
65 Mar 94
182 J'ne 29 1148 Jan 170 Not
85%Mar 27
4%Jan
996Mar
56%Mar 27 22%Jai> 87%Ang
63%Apr 10 25 Mar 47%Au«
10294Jan 26
77%Mar 97
16%Jan 28 ll%Mar 19%Jan
45 Apr 28
43 Nov 68%6ep
4194J'ue 16
16 J'ne 2
86
4^
49
18
May
5kMay
as.
.
80
206
75
•94
94
«lb^ ItH
39
85
SO
70% 71%
68% 70k
•68
49
•11%
•7%
67% 88%
26% 27k
66% 687^
12
13
67k
58k »6794
115k 116 115% 115 115k iUlnols Cei^iral
owa Central
129* •12% 12k •12% 1294
J6794
18
50
»k
12%
•31%
25
114
•3
9
4
H%
39
•sO
80
•24
86k
187% 168
•16
•35
•16
78
6874
7896
45
Feb
16
70t
e86
Col.
82% 22%
78k
3C% 207^
88% 23
78k
20% 21%
•4
5k
7
Do pref. vot. tr. ctfs.
& Sou., listed May 24
Do
1 St pref.
do
Do
2d pref. do
Delaware & Hudson
el. Lack. & Western.
Denver & Bio Qrasde
Do
pref
Des Moines & Ft. Dodge.
Dul. bo. Shore* Atl
Do
pref
Erie
Do
1st pref
Do
8d pref
5k
•43
44
18
7794
1294
3594
583%
11394 ii4;-4
18
S12
TbeM are bid and aakM prioM
M
219*
4
18
1896
6896
180% 181H
62H 58H
*
22
7694
18h
68%
77
88
72
40
be
60
•69
•37
•82
•50
iSrtj,
•5%
•17% 18
122% 12394
120% 180% 181 18894 182% 124
'17094
170 171% 171% 17194 171% 171%
171k
16
18
1694
•6796 68k •67% 67k
'206
210
>906
210
•68
76
165
85
67%
5%
696
44% 44% 143%
18
69% 7094 70%
11896 1149t 113% 116k 116% 1199f 11796
826 829^ 225% 227^4 828 229^ 226
15
•15
•14« 16
15% 15>,
1694 1594
•65
67% •55
68
56
57% STh 56
13
189< 18)4
iSH
13% l!«9* il3
13M
8M 8k 396 3-h J4% 4H •394
113
54
53
53
53
5496 54%
51%
54k
67?i
112«
S28H S30
16
•55
17
•24
aek •84
{168>4 168k •166
13^ •12
1294
47H 47%
•lOM 12H •10% 12k
ien 8H
7% 7k
3
•67«
5%
45
4
Ilk
12%
34% 34%
•17% 18
12J<(
5%
46
U7
•5%
1
i
.
98
•
79% May
4
125 Mar
8P9<Jan
f
8396Jaii
9694Feb
f
5094 J an
73k;Feb
28 J'i]e2S 879*Mar
81(
4 p. c. debentures
Chlo. Indlanap.
42
5994 Jan
lot 11294Jan
18,416 13 .I'ne
pref
131
Chicago
17394
Do
a4%Feb
3,650 50%J'ne 2 70 Jan 9S
14,300 97 Jan
f 18894Apr 32
3,761 T4694May V T6394May 17
80,463 8394May8i SlkFeb 2
180,642 124%Jan 7 149%Feb 18
5%May f 6 May 18
8*, 40
57%Apr 17 6896Apr 99
.
Chesapeake i Ohio
CbicaKO Burl. & yulnoy
14
43%May83
30%Mar 24 85 Fet> 4
69 May 9 78 Jan 14
8496Mar 15 99%May81
pref.
Central of New Jersey. .
Cent.Pao., Speyer&Co.ctff
92%
69k
•9%
9
9%
40
140
12996 13096
Do
Canadian
1496 Chicago Great Western.
89
89
33
887,991:
.
129%
MUw. &
t
1,543 166kJan
173%
173% 174
f
160% 181k 160% 161^ Chicago A North Western. 16,40P 141%Jan 4
811 188 Jan If
194 199 •194 198H
Do
pref.
lie
116 117k xll6%11796 Chicago Bock Isl. & Pao. 142,624 107%May If
8,08;
91 Feb
109k 105% 107 105 10794 Chic. St. P. Winn. & Om..
180 •170 180 518'
595 170 Jan IP
188 180 190
Do
180
180
180
pref
180k
15
16
l,9id5
16
16
16
Chlo.
15
Terminal
Transfer..
15%
15%
1554
7%Jan
16H
48>4 •47
46% 48
64>
48
Do
47
47
47
pref
86% J an ?
47k 4)1% 47
17,094 42kJan
67
57% 58 Cley. Cin. Chio. & St. L..
57
58)4
6796 58k
4
5794 69k
5794
100
197
2,085 94 MaylC
98^ 98% 99H 99% 100
Do
101
101
100% 101
pref
•8
•7
•8
9 Cler. Lcraln & Wheeling.
9
9
•8
9
9
9
]n94Mar 2f'
•87
44
•87
41
37 41
41
•37
37 41
Do
41
pref
R7kJ'ne28
•170
Lowest. HighuU.
28
lOMApr
67 Feb 23
22%Mar
68%Jan
7596Apr 12 »896Jan
43%J'ne 22 61%Apr 12 31 0«t
87%J*ne 21 79%Jan 87 68 Oct
7794Jan 3 187 Apr 15
35 Mar
11,813
13,617
new.
pref
Brooklyn Rapid Transit.
Buffalo Booh. A Pittsburg
17% Jan
14 Apr 29
86 May 8
17 May 8
&096Jan
350
pref
1996 Atoh. Topeka & Santa Fe. 23,646
Do
pref 116,683
68k
Balt.&0.,tr.rec.al) Ins.pd
19%
73% 73k
74
185
6796 89
3^% 3ak
69
•18
•48
1896
5796
58%
"5894
72% 72%
32k
8k
9H
40
40%
186% 127J4 128% 1889^ 127% 129% 12996
•172>i 173H 173V< 173H 173% 173k 173%
167 159
160 161!4 160 163
160%
•195 199 •195 200
200 200
112« 113
118% 1189* 113 115
115%
107 108
10796 10994 108%
108H 106
10
40
•8J<
•37
LXIX.
[Vol.
Rang* for ytar 1899
Mang*/or prmrt'
On batia of loo-Mh're lots 9%uy*ar (1898),
Baie$
49% 49k
4994
70% 7194 70% 78
1169* 113% 116k 114% 115k
34k
84k •38% 84k 38%
•71
75
•71
75
75
98% 97% 93% 97% 98%
55394 6394
58k 55% 56
118k 117% 118k 11794 118%
52^
59% 52k 62% 699*
2596 86%
2594 26%
889*
135
134% 135% 134% 18694
50
71
115
57% 58% 57%
69
•30
l.
Railroad Stocks.
73%
180 121
182H
128k
18>4
13% 14H "14% 14% 14%
•87
91
•87
91
91k 91%
09H «9!K
89« 29H
Page
(2 pages)
STOCKS.
H.T. STOCK EXCH.
Friday,
Wedne$day TKurtday,
June 29.
June 28
Tuesday,
June
prices
.
Stook Exchanfire— A Daily, Weekly and Yearly Beoord.
New York
June
.
.
1 All assess
91
69
J*ne
Sep
123%D««
e3%D««
84%DM
m enU paid.
RAILWAYS,
die.
Bid.
Street Rall^raya.
Westehest 1st 5s '43.. JAJ {110
Ask.
114
200
110%
122
220
114
112%
Ist.
115
400
108
800
116
BROOKLYN.
Atlan. Ave., 1st 5s. AAO {107
AAO
Con 5s g 1931
94
JA.1
Impt 58 g 1934
95
B. B. AW.B. 5s 1933. AAO
244%
Brooklyn City— Stock..
17
JAJ
Oonsol 5s 1941
.
US
.
1
BUynCro8stn58l908.JAJ
BkinHgtalsl 68 1941 AAO
105
104
in»
118
97
.
.
.
•
24(V
118
..,.
......
...
July
THE CHRONICLE —stock
1899.]
1,
prices
June
Honday,
June 26
24.
BOM 80H
60
36
^84
8H
20
61
34
•33
•78
344
•3.1
40
•-4
13h
81«
•69
364
124 12H
50«
103M
31«
10?6
49^,
1P>^~
im
40
a6?i
•187
8»« 40«
74« 7BM
7%
8%
•50
•394
80
•7794
4
•3%
•414
•9
124
•9
134
104
37%
129<
13
51
103
S8H
ll«
11
8(1 pref.,
3«^
Rio Qrande
Do
44 St.J.&a. IbL
Do
Do
10
103
3^4
3394
11
114
102
32
St.
20
40
66«
114
61
17
•1374 140
489^
774
7%
9%
114
17%
61
•92
86
140
80
40
140
36
140
30
•71
73
36H 37
15^ 37
63
84
84J6
30
30
6%
884 284
77
534
96H
117«
1014
334
834
904
.J
loOH I52h
nsH 1184
•101
1034
I85H 86J4
151»s
7%
1374
7%
77
139
434
4394
77
77%
74 7%
30% 814
84 84
214
9% 94
55
844
154
624 634
2394
15
50
50
8494
2494
15
154
534
63
•110
116
3d
§92
•35
•136
989<
40
148
19
73
38
3894
8394
St.
Do
Paul* Doluth
Do
Avenue
pref.
(N.Y.)..
Do
pref.
Twin City Rapid Transit.
i»8H 98M
57",255
7% Wabash
.
5,301
40
140
19
73
3f4
37% 38
6%
31
889i
84
85
84
76
53% 63%
954 »854 954
6iH
96H x95
1544 153
117H 118
1034 il04
354 339i
834 834
814 914
155
118
104
153%
118
1104
15594
118
104
pref.
AmerlOAn
Spirits
Mfg .....
Do
prei.
American Steel Hoop
774
1774
Do
pref.
53% 51 Amer. Steel & Wire (new)
944 95
Do
pref.
1534 154% American Sogar Refining.
•117
1184
Do
pref.
American Teieg. k Cable.
104
•108
•83
454
454 45H 444
109 •107
104 134 12
1814 181M 1814 18494 1844
181H 182
•4H4 414 *1H 414 •414 42
•4094
•75
•79
•75
•75
87
87
87
42
S84
40
37%
40K
41M 37H
80
98
8u
81
•794
794 80
110
11
11
45
454i
108% 109
11
107
11
45%
109%
pref.
pref.
44
454 Colorado Fuel & Iron
1094
Do
pref.
184 124 Col. k Hock. Coal k Iron.
184% 1894 1864 187!^ ConsoUdated Qaa (N. T.)..
444 46
'107
13
185
42
87
1094
40% 40%
•76
43
87
40%
374 30%
80
78
42s« Consolidated Ice.
Do
87
•75
38% 384
784 794
79
107
110
107
107
•1064 107
•106
107
•106
107
1104 1104 1104 111% 1114 112
11141114
41
41
48
419(
42% 48% 424 43
•78
•78
80
79
79
80
794 794 794 794
•13
14
14
•18
13
•18
144 11
13
13
•484 604 •49
604
50>, •49
52«
•60
78
72
76
74
73
•63
•58
•52
53
584 164" 54
53
63
63
•98 102
'98
98 100
100
1994 994 •98
90
58% Federal Steei
Do
814
pref.
1164 General Bleotrio...,
674 Glucose Sugar Refining.
Do
11074 1074
pref.
•18
•48
83
484
•884 80
*1114 118
18
424 434
•974 984
•5
'46
•15
•37
185
•18
•12
•98
25
•18
•42
85
43
98
80
42%
984 187%
•294
894
304 80
89H
11134 114H 11241134 •1114 118
••••c ••••••
494
804
18
50
00
30
186
49
•89
•37
186
114 114
74
60
33
60
90
89
186
10%
11
•7
10
•5
•45
•15
40
89%
•37
180
74
60
83
49
90
39
180
1194
•8
•5
39
187
114 18
•168
84
160
11584 15894 160
164 154
80% 604
•74
8
08% 64
38
78
•43
98
79
60
16
154
58
60
•7%
63
2694
!78
•48
8
63%
87
78
50
6%
6%
684 684
6%
694
684 694
5394 54%
534 54%
•1164 1174 1117% 117%
160
14
16%
57% 57%
74 7%
08% 64%
"27"
78
1114
45
15
"9*7"
80
61
84
13
pref.
International Silver
Knickerbocker Ice (Chic.)
50
73
"53*
52
•96
100
10 30
•42% 43
Do
pref.
Laclede Qaa
Do
88% 29%
(St.
pref.
Do
pref
National Lead..
Do
•111% 118
Nat. Linseed Oil,
74 NaUonal Starch
60
Do
83
Do
49% National Steel
•5
484
88
884
80
45
16
49
89
37
177
89
39
180
Louis).
Manhattan Beach Co
National Blscalt
tr.
pref
certfs
1st pref
3d pref.
l>o
pref
New Cant. Coal (n«w stock)
N. Y. Air Brake....,
114 11% •114 11« North American Co
74
10
8
10
{49% 49%
83% 834 •884 834
51
51
159
160
160
160
8
794
60
7%
63% 65
97
88
J794 794
79
•48
48
5%
5%
69%
53%
38
79
50
54
69% 69%
S3
534
1174
66
7%
Ontario Silver
Paciflo MaU
eop'l'saas-L.&a(Chlo.j
Pressed Steel Car
Do
pref.
Pullman's Palace Car
Silver Bullion Certtfs...,
tandard Distil. ADlstrib.
160
6O4 604 •60%
144 144 14
64% 65
494 494 148
•6%
5% •5%
694 694 69%
534 64
534
11741174 117
H. B.ClafiinCo
international Paper
Do
•974 994
11864 1864
144 16
574 67%
88
99
30
118
60
33
60
•37
60% 60%
18
16
43
80
48% 47% 48% 484 48%
120% 1104130% 119% 1304
158
1158
t
5
10
47% 47% 46% 47%
118% 1184 119h 119%
50
51
604 504 51
•88
84
184% 844 82%
58
89
89%
89
•37
•176
118«110)^ 119
•61
184
974
60
93
50
•15
49
43
•78
13
150
§43% 48%
74
45
47
Viiii "i-in
16
.
11141114
1484 484
I
pref.
Detroit City Gas
684 694 584 694 694 80% 5894 59% 68% 69
68
824 814 82
81% 81% 814 81% 80%
88M 834
1174 1174 lib 118
118% 119
11941194 11941194 •116%
66% 66% 67
67
•664
66H 664 66« 66>i 167% 68
•106
110
pref.
Continental Tobacco
Do
61
15
Do
56%
8
k Twine
.
63% 64% Tenn. Coal Iron k RR
Do
pref.
. .
Union Bag k Paper
79
88
79
150
60
United States Bzpress.
United States Leather.
188
15%
6
69%
71
Do
....
pref
Do
.
.
.
pref
534 United SUtes Rubber.
Do
pref
•186 130 •135 130
•126
130 <130
•186
180 lie" 1174 TTtTells, Fargo k Co
89
Vt
8994
nnion
894 90
TBiAc'h.
884 80
ester
estem
8994
90
89%
89%
89% 8994
*BldAndMkedprlMei noMUeeontkladar. ILeea than 100 sharee. * Bx dlT. of 100 p. 0. In bonds.
OUTSIDE SECURITIES
.Street Railway.
B'kyn QnsCo.&8ub.lst 6s.
Conaol 6s not guar
Bid.
Aak.
119
84
118
BklynRap.Tran.— 8«« Sto ckBz. LUt
OaLOem.ar.&B'kynlst 6s 119
Osaey Island k Brooklyn. 295 ••••••
1st 6b 1904
J,fcJ
5s certfs lndbtl910.J&J
108
101
B'kC.&New5s'39.J&J {114
Of.St.*New lst5s'06AftO 108
* Lorimer St. 1st 6s. 108
Kings Co. Blevat Stock
9
104
108
llf
105
SfP't
Inoomes..,.
6
'^^ndi— 8«« ^ U)Ok Wioh. Llst,
6
8
117
130
63
Street
. .
•118
Railway.
Nassau Blec pref
5s 1044
I8t4sl948
Bid.
96
Ask.
87
A&O 1104
J&J 98
NewWmb'g&Fllstez.44s 103
NY& Qus CO 58 1946.AftO
SteinwaylBt6Bl939.JJtJ
OTHBR
7 gonsboutivji
95
106
112
CITIB8.
Bait Consol— Stock ......
Bridgep Tr-lst5s'38.JAJ (108
Buffalo Street Ry— Stock.
99
1st consol 6s 1931. F^tA 1174
1933
Deb 6b
M&N 109
Chicago Cltv RR—Stock.. 800
110
lot
119
Jan 31
Jan 16
Apr 32
25%Mar
1
17%Oct
89
Jan
May 33 Aug
504Mar 694Aag
54Dec
8% Feb
23
45
13
Feb
Deo
63
J'ne
334J'ne
94N0T
694De«
35 Nov
6 Mar
524Mai
224Feb
S%Jan
7%I}e«
7%Mar
18
Dee
184J'ly 3 84 Dee
78 Apr 100 Dee
12 Apr 35 Dee
7 Apr 10%Dee
23%Mar 43%Deo
8%Mar 804Dee
342
39
43
73
May
24
1
J'ne 29
254Apr
114May
6
84 4 Aug
144Mar
9
Jan 30
64
32%May
134May 24 16%J'ne
48%May 20 654 J'ne
214J'ne23
174May
May
354May
80 May
27
27
72
574J'ne38 824Jan
7 J'ne 1 12 Jan
93,800 36 Jan 14 68 Apr
111 Jan 4 146 Mar
45 Mar
i',9o6 24 J'ne 1
825 76 May 31 89 Mar
130 (46 J'ne 9 60 Jan
8 Jan
670
5%J'ne
4,446 68 J'ne 1 78 Apr
7,146 42%Jan 6 57 Apr
._-.._
111 Jan 3 130
_^. Jan
367
157 1125 Jan 10
3.86 n N74J'De
lOIdstoek.
13
13
13
24
86
20
20
13
13
t
1
J^
Crosst'wn— 1st 5s.
Consol Traction (N 3)Se
Lake St (Chio)Blev-Stook
J&J
deb 6s 1938
Ry—5 p o bonds
Bid.
Bx 100
p.
374 Loulsv
1014 108
106
964 97
109
101
00
105
list.
10-«
Phlla
List.
174
119
47
95
130
<8
88
64Jan
Mar
1594J'ne
1074Mar 148% Aug
103 Mar 116 Jan
188 Mar i 984Dee
83%Jan 163%Sep
1134Mar 135% Aug
Mar 1404Dee
740ct 14 J'ne
1%Not
4Apr
39|Apr
l%Oct
Deo
38%
17 Mar
106
65 Aug 90 Dec
9%Dec
44J'ly
164 Oct 3054J'ne
274Mar 68 Sep
83%Apr 94 Dee
45 Apr
39 Oct
4
67
63
Sep
Dec
854Dec
69%Oot
76
Sep
97
Dec
48
85
Sep
Sep
67
95
Dec
Dec
67
Dec
106
Dee
66%Deo 734Deo
1074Deo 109%Dec
96%Deo
1 87%J'ne
64%Dec
81
Dec
374Mar
85 Mar
2 Aug
30%Aug
044Aug
264Mar
88
824Deo
64%Aug
964Aug
64Jan
624Dec
39%Aug
Apr 1144Dee
9%Deo
84Deo
3%Nov
Mar
1240ct
80
30
Feb
Jan
Jan
Oct
43
Sep
9
60
40
14
Apr 120 Sep
7% Deo
44Jan
64Deo
34 J an
Deo
46
21 Apr
864Mar 113 Not
xl32N0T
66 May
184Dec
664N0V
10
S4Jan
10
17 Mar
18
28 180 Aug
28
29
12
33
Dee
41%Ang
16
88
316
J'ly
60%8ep
23%Nov
Nov
10% Aug
38% Deo
75
106
Dee
Apr
6%Apr
esfiM^ar
c
5
8
8
stock dividend.
RAILWAYS,
Street itcmiwa-y.
Ask.
90%Aug
84 J'lf
76%J'ly
144Mar
60 Mar
lll9%My
1130 May
984Jan 94 nawMor
paqib).— 82 REBT
Street Rallvrays.
Common
1
Apr 21
Jan 83
485
668
CitUens' 8t (Indlaaap.)
Cleveland City Ry
Cleve City-lst 6s '00.
Cleveland Blectrlc Ry.
Con 6s 1913
M&S
Columbus (Ohio)— Stock.
Con 6s 1033.— Sm Pbila
Lonlsv St
306
55
106
44
14
55
374Jan
874Jan
4,196
31 59 Apr
3,642
31 944Apr
7.i«n
6 J'ne 30 154Mar
8,112 294J'De 36 4l4Mar
.
(Givbu at foot of
S54Apr
1,146 34 May 34 414May 3
Oil)
70 May 13 834May 4
64,980 45 Feb 8 78 May 4
2,345 924Feb 8 106%Marl3
180,071 1234Jan
183 Mar 80
888 110 Jan 16 183 Mar 20
258 198 Jan
105 Axir 18
8,425 33 May 94 62%Apr 4
1,300 81 J'ne 1 994Feb 8
19,105 t884J'ne 81 3394Apr 5
135 132 Jan 4 160 Mar 6
14,213 424Mar 82 70 Apr 86
180 135 J'ne 5 160 Mar 17
8,450
94May 9 174Jan 31
100
14Jan 17
5% Apr 81
2
Apr 14
8 Apr 31
8,916 304Feb 8 55 Apr 21
500 88 Jan 6 115 May 11
800
64 Feb 15 18 Apr 19
18,895 163 J'ne 6 2234Mar 11
1,060 40%May 81 504Jan 31
90 Apr 28 97 Mar 13
62,886 36 J'ne 21 65%Apr 17
5,320 78 J'ne 29 984Mar 15
63 Jan 4 85 May 13
38,896 46%Feb 8 75 Apr 3
10,398 724Miiy 13 934Apr 3
1,400 95%Jan
3 128 Apr 17
1,060 6!e4Apr 7 76%Mar 20
275 106% May 31 110 Jac 14
1,810 97 Jau
3 118 J>ne28
5,934 36 May 13 684Jan 23
400 76 J'ne 19 95 Jan 5
1,360 10 May 6 36 Feb 27
45 45 Apr 7 634 Feb 83
200 79 J'ne 94 84 Feb 17
660 51 Mar 4 674Jan 9
25 96 Jan 26 1024May 18
100
5 Jan 25 39 Apr 35
110 41%May 16 63 Jan 21
90 98 J'ne 20 1074Jan 19
2,333 28 May 31 404Jan 20
290 1104J'ne 14 115 Jan 21
84Jan 12
3>4J'ne 15
44Mar 17 8% Hay 4
43 Apr 20 50 Mar 18
13 Mar 17 23 Feb 9
3,666 43%J'ne 8 63 Apr 34
1,635 65 May 16 95 Mar 28
374Apr 14 43 Jan 25
905 118 Jan 3 304 Apr 27
6%Jan 6 124Apr 19
9,085
6 Mar 23 104Apr 27
9,395 434Jan 4 55 Jan 30
28,775 101 May 13 1294Apr 3
860 44%J'ne 1 504Apr 13
143 78 May 25 90 Apr 13
716 156 Jan 30 164%Jan 4
5,000 60 Apr 21 65 Apr 28
1,896 134J'De a 254Jan 16
pref.
Standard Rope
Jan
Jan
I
84J'ne
19
50
500
150
pref.
Do
694
344
8394
....
Amer. Smelting A Refining
84
6
pref.
Do
73
a
154Mar 8394Jaa
Mar 64%De«
36
n
Oil
American District Tel
American Bxpress
American halting
19
70
76
54
40
140
135
19
6% 64
30% 30%
88% 39
774
53;>8
•35
4
16 ilOS Jan
S34Dea
3 it 19 Feb36 »974Apr
1.773 15 J'ne 15 31%May 36
2,571 56%J'ne 16 65 May 25
3,835 33% Mar 6 394Apr
154Mar 153 Not
330 884Jan 5 95 May 9 66 Mir 38 Aug
116 33 Jan 3 524Mar 3
83 May 1180 Feb
100 133 J'ne 19 1145 Jan 3 1116 Ja>
39%Ang
pref.
"bi" 614 514 534
136
142 •138 146
139
137
•1S6M 13U
141 141
145
140
Brooklyn Onion Gas
1*« 154 15
154 15
154 14% 1494
runsw. Dock&C.Imp't.
14T4 14J<
14% 154
•1«
2
•1«
2
3
3
3
'%
Coal it 1. Dev't
•IH
24
Colorado
§^
•3
•«4
•84
•84
6
6
5
24 5
84 6
Do
pref.
44
•105
1,450
1,912
I
$itoclL«.
Adams Bzpress
merlcan Car & Foundry
115
6
55
Highest,
Feb 37 145 Oct l944Feb
Apr 4 il2 Aug 25 Sep
Mar 22 35 Aug 48 Oct
Apr 17 164JaD 364Dee
141 Feb 24 1074 Deo 1074Dee
164xMar 44%Dee
3s4J'ne 20 50%Feb 21
72 J'ne I 844Jau 23
45%Mar 74% Dee
94Aag
64Mar
74J'ne 19
8%Jan 24
49,018
2,525
6,495
2,800
358
2lH
pref.
Do
84 94 Wheeling k L. B., new
52
5i
Do
Istpref.
84 2494
Do
3d pref
164 154 WtBOon.Cent. new(wh.l8.)
53
634
pre(.(wben iss.)
Do
844 344 i3»% 34% American Tin Plate
83
834 83
Do
99
934 904 924 92
American Tobacco
141
•139
141
144
1139% 139%
Do
5i% 534 58% 53
58
53
684 53%
Anaconda Copper
"
85
. .
.
J'ne
12,625 17 Jan
4H1 36 Jan
?,7S0 984Jan
1^,906 27 May
7,410 104Jan
23,552 40%Jan
9,010 174Jan
1,192 167 Jan
30 Jan
35 Jan
750 38 Jan
118
^- Jan
pref.
Ohio Central.
24
24
Jan 24
174Jan
2,888
8%Jan 6 14%Feb
160 64 May 13 754Jan 6
2,935 334Jan 5 44%Jan 31
1,970
6%Jan
15 Apr 28
Do
pref.
42% 43S Union Paciflo Ry
77% 78
Do
...pref.
•86
•135
18
•71
37
849<
6«
3094
889i
J77'4
115
Jan
J
9
pref.
LoQli Sontli western...
174 18
174 174
6O4 61
614 62
Do
364 3694 364 37 American Cotton
•93
8^4 92
824
Do
17
604 81«
36% 37
4.S4Feb
80 J'ne
394 'ne
,
•110
4
9
S8%May
324 Southern PaolfloCo
J^
21
384Mar22
6«
St.
<k
684Apr
100
let pref.
2d pref.
bird
7
7
800
i 8. Ft., TOt. tr. ctfs.
Toledo
13
iBtpref.
10% IIH Southern, voting tr. otfs..
514 519,
Do pref., vot. tr. otf«.
19% 80
rezasA Paolflo
186
20
4n
664 67
1374 139
19%May
85
Rangeforpre'
viout year (1898).
Lowest.
Highest.
51%Jan
264Jan
254Jsn
pref.
vot-tr. ots.
Do
Do
104
Lowest.
. .
m«cellan'«
•110
17
19
78
834
6«
7
30M 30«
127% 894
75 H 76H
531
554
sen 969<
664 664
42% 43
77% 779i
55
364 36%
984
185^ 3S!^
•91H 9iii
•
21
21
54
17X
6894
30
40
•
L.
otfg..
& We8t«rn.
44
12
1104
«71% 714
32% 32%
voting tr
341,4
10% 11
»714 714
37
37
874
3694
1294 12% •12% 13
324 32% 324 33
51
504 504 50
10« 11
•704 71
37
61H
15
2
Range for year 1899.
On basisofno-sh're lots
3,116
35,305
3,078
Reading, voting tr. etts.
igt pref., ot, tr otfg.
2094
61
344 34
384 •33
42
32
244 244
15
154
53
63«
88H
15K
534
SSM
85
5
2094
6194
42
101
104
314^ 32
10% 11
112H
7
34
•33
•79
40
1102
204
94
15H
63« 53H
•86
•185
6094
80
*3%
51
769^
50
54
J17
804
40
•46
*IH
40%
7«4
„'«
804
89«
I5t«9i
8294
20
40
67
67
1374 140
80
•110
80« 80%
60% 61%
344 35
•33
384
•204
Boies
of the
Week.
Share*
STOCKS.
STOCK EXCEL
N. Y.
504 504 50% 52
514 52
19% 20!^ 194 1994
19»« l«4
199
185
1904
190 190
1924 165
805
•60
72
3^
•16
Wednesday Thursday, FYiday.
June 28. June 29. Ju?ie 30
•78
3rt4
la),
lOH
40
80
114
lOH 10^
10
71
S5H,
•180
80
60
44
40
12
10
•69
noi
27.
3H
•88
-•60
Tuesday,
June
Page
(2 pages)
8T00K8—HJeHS8T AND L0WE81 BALM PB1038.
Saturday,
,
5)t
<£c.
Bid.
Ry— Preferred
ICH
Ask.
109
yan4B08-lst58'24.J*D #118% 1144
Metrop W. 8.(Chic).— S«e St.Ei. List.
F*A 96% 974
l8t g 48 1938
Mlnneap 8t Ry-Se 'i 9.J4J «1084 110
I
New
Or'eans City
Ry
Common
Preferred
North Chicago Stock..
JAJ
l8t 58 1906-16
No Shore Tr (Bo8t)-Com.
Preferred
—
.
174 90
96% 96%
944
946
16
86
17
•
87
int«T • •'
THE CHRONICLE.—BOND
IH
Range
Wtek'i
Prie*
BONDS.
Si Friday
Range or Is
EXCHANGE
K.Y. STOCK
La»t Sale.
June 30.
WebkEkdino Jdne 30
Bid.
A»k. Low. Migii. No.
tince
Jan.\.
Low.
Higti
.
Am Dock &
.
H-N
101
98H,
Ceu of N J
95^ Sale
ie9£ 9-Jt
Ann Arbor lBtg4»
103 Sale
AUb T & 3 Fe gen g 4f 199£
8t6
I.
199f A.-0
199£ SOT-t
Adjnatmentg 4i
1995 Sovt
Registered
Bqnlp tr ser A g es. . . . 1902 J-J
83^
"ii" SaVe"
AtlAy Bklrnlmpg58..1934
102
Atlan & Danv 1st g 5s.. 1950
Atlanta & Cbar. See Son Ry
Austin & N W. Sm So. Pao.
BatCreek&S. Sec Mich CeD
alt & O 1st 6s Pkbg Br.'ie A-O
dep.
otfs. of
1885-1025 e'-A
••• ••• ••
•
•
08
102^
85
83
Feb.'99
110
108
Jan.'99
J'ue'99
118
lis
lis
May'99
May'99
Registered.. .. .1885-1925 v'-'A
Speyer & Co. oertf of det
Trust Co ctfs of deposit..
1988 F-A
Oonaol gold Ss
1*26'
Jan.''99
2doong
1988
Registered
P M A Co
P-A
Trust Co certf s deposit
BaltB'ltlstg &slntgu.l990 il-N '108^
lstg5s.....l»9n V-0
Monon Rly 1st ga g 5s.l9ie F-A
OenOhlo R Isto g4^sl93( M- S 112
W Va&P
.
AkACJ l8tlBtgagSt.l930 M-N
Coupons off.
Pitts A Con 1st g 4s... 1946 j'-j
B&O8Wl8tgug4^s.l990 J-J
BA SWRy con g 4^8 1993 I-J
BA0 8WTerCogiiB6B.'42
litgeneral 9b
193si
Se«NYCAH.
Bel A Car. S«« Illinois Cent.
Booner Bridge. Se« M K A T.
ios"
Deo''9"8
May'99
111
105
105
J'ne'99
107M
J'ly'98
Aug'98
NOT'98
108
94
Istlncg Ssser A....2048 MOTl
8048 Decl
SerlesB
Ohio A Miss Istoon4s.l947
8doon8ol7s
1911
1st Spr'gfleld DlT 7s. 1905
Aug98
J-J
A-O 187
M-N
Mar'99
38^
Jan.'99
Jan.'99
13
Feb
118
'99
120
Se* Met 3 Ry.
1945
Ss
Bklyn City Ist con Ss 1916-41
BklynQCoAScon>ag5g'4]
Set L Isl.
BnuuA West 1st g 4s.. 1938
BoffNTABrle. Se«Brle.
113
i
-J 117
107
tt-N
H
Sale
BUyn A Montauk.
BoffRAPgen
g 5s
Debenture 6b
Boob A PltU lit g
193
194
0a. .1981
1982
ClAMah 1st gug 5s.. 1948
nff A Southwest. See Krle.
Bnfr St M A S
Istg 5s. 1927
Buff A Susq iBt gold 5B..1918
Registered
1913
ButCR ANlstSa
1906
Consol 1st 6s
J
183
103
M-8
J-J
F-A
J-D
J-J
'110
111
ISO
180
180
F-A
A-O
k-O
J-D 106X,
Con 1st A ool tr g Ss.. .1934 A-0
Registered
1934 A-0
M A St L 1st gn g 7s.. 1927 J-D
ORI FAN Wlstg5s..'ai A-O 109«
Canada South 1st Ss... 1908 J -J Ill 112
1913
n-8
Oen Branch U P Istg 4s. 1948
OentralOhio. See Bait A 0.
Oen RR A B of 6)a— Colg 5s'37
Oantof Qa Ry— Istg5s..l945
Registered
1945
Oonsol gold 5s
1945
Registered
1945
litpref Income g 5a.. .1945
Sd pref income g 5s.... 1945
8d pref income g Ss. ...194c
DlT Istg 5s....l94ti
MoblleDlTl8tg3s....l94t<
MldOaAAtl DlT Ss.. 1947
Oantof NJ— 1st con 7a. 1891IstoouTertible 7s
190t
OouTertible deb Os
1908
Seneral gold Ss
1987
Registered
1987
C ooua*7a.l90(
L«h A
Sa
1912
MAN
WB
Am Dock A Imp Co 5a.l93]
*:
N J South Int guar 6a. 1899
Cant Paciflo— Ctfa dp A.1898
Bpeyer A Co ctfa BCD.189U
Speyer A Co ctfs dep B.190i
Bpeyer A Co otf FQHI.1901
Ban Joaquin Brgea...l900
Speyer & Co ctfs
QuaraFteed g 6a
.1039
Bpeyer A Co eng ota
& Co
Noof
M
Gen gold 4^8
Registered
09
111
Jail.''
1109^
lllM
Jct.t
Jot.* *
Jot.* •
41
uoxnoH
106 106
62 108M 111^
83 100 118
ML6S..1910 J-D
'181
J-D '185)4
Q-F
J-D 118
J-D •lis
A-O
A-O
A-O 107
A-O
n-N 122^
n-N
96M 107
iiii ibo ji
43
41«
41J«
38
WlnonaAStPetad7a.ie07 M-N 124
6
100
101
IOS
6
J'ne'99
95
96
Dec '98
J'ne'99
132M
ll«M
100^
128^
10
119)4
J'ue'99
1
99
Mar'99
116X J'ue'99
106
106
106
106
i03i^ Um'''99
108H
••
seti
•••%!
108H
107
112
181H 181«
104M Apr'OO
100
J
I19>i J'ne'99
\\9\i
117
94^
8ale
94H
9%M
J'ne'99
95
Jan.'90
*MeprloeFrtday; thMe«reUt«itblduiaaik«4tlils
OUTSIDE SECURITIES
Bid. Ask.
Street Railway.
ProT A Pawt'ck-lBt Ss '33 «112)4 116%
80
Riohm RT&Blec-l8t5a'20 70
19
20
Rochester Ry
MAS 98 100
Deb 68 1911
JAD
98
8d 68 1933
AAU 108 109
ConSe 1930
Stock.
Bl
(Chic)—
95)4
94)4
8o Side
91
92
IJn'd TrAEIec(ProT)-8t'k
119)4 121
West Chicago OL
MAN 1105)4 106
Con 1936
81
22
Worcester (Mass)Tr-Com
104
107
Preferred
CkloStLANO. 8m 111
6
10
64
a
•«
•
t
t
I
•
a
«.«
J'ne'i»»
J'iie'90
104
Apr'09
May'99
i«3)4 188)<
168ft
leo
171)4
171
161
ll»H 132)4
'99
108)4
110)4
161)4 171)4
J'ne'99
J'ne'99
J'ne'99
NoT'98
118)4 188)4
J'ne'uii
13SM
120
132H May'99
83
124
1
May'99
« •
i •
18
126^
181
186
liSJi 144
Sale
114
180
116
64
J'ne'99
J'ne'99
186H
118)4.
ihird^
186
143J4 146
111)4 115
114
lis
116
180
Apr'99
Feb '99
116
116
J'ne'99
107)4
107)4
10514 Mar'99
18294
I885i
119i4 Dec 'MS
109)4 J'ne'99
109)4 Mar'9M
118 J'ne'99
106)4 110)*
106X 109
181)4 188
108
111)4
mii
118
106
100
106^ loew
108H llOX
lOeHFeb'99
110)i
NoT'9o
107M Ma7'08
103
108
••••a ••••••
134
184
184
118
118
,
Apr'»»
189)4 148
J'ne'ii
141
105)4 Feb '97
186)4
126H
117M 126)i
Dec'98
Apr '99
188
148)4
140 148)4
114)i 114)4
131)4 136)4
114)4J'ne'90
'-36)4
136)4
183H J'ne'99
Sale
110)4
1095<
107M Apr'09
98)4 Apr'09
85 J ue-99
08)4 May'OO
07)4
lis
184)4;
118)4
126
144
110)4
118M
115
117?4Feb.'9^
109 May'99
.
181)4 183)4
110
110)4
188)4 182)^
188
110
112)4 J'ne'99
180
180
86
114
114
114
183
1S7I4
137M
134)4 J'ne'99
140 Mar '00
192]4
188)4
188 184)4.
883 104f4 llOM
10694 107M98
08)4
86
83
08)4 08)i.
10 100)4 114
Cent.
116U 119 |Ctt7ASRyBaltlatg6B.ieSS J -!>
OOS eOM Olearfleld A Mah. Sm BRAP.
9»% 991« <J< Ak A r 00 A 8d g6s..19«0 F- A
».•«..
125
100
100
103
106
121
10i<)4
141
186
184)4
IH
1
72
J'ne'97
J'ne'99
'99^
'00J4
iae)4v
08)4
10
Oot.'wv
108)4 Oot.'07
eoH ^»H.
...... •••••«
.^..... .......
118
May'OO
118
••••••
lOSS
i%09i 1*8
119
..••
140
140
181
.....
••••#•
o iiaat
'
Bid.
iios
Ask.
107
YStk Hxoh
Deb 58 1908
MAN 106
Bqult Gas
116
FAA ilOl
1st 68 1899
Con. 5s 1932
MAS »116
260
Mutual Gas
N. Amsterdam Gas, Com.
85)4
61
I^ref
Ist oonsol Sua
{103
110
118
102)4
118
300
35)4
62
UDmJum.
7 coifSECUTivB
FORK.
Gas—
Con Gaa (NT)— Stock—
'
118)^
168)4
168)4
171
171
122)4
115)*
l23)i
'
A-0 138
113
J-J 108)4
130)4 183)4 ChAWMtllatafgOa.lOlO M-N 105
1932 Q121
108 ie6)«
General gold Oa.
00
10U>^ ChloA WeatMlohR7 6a.l92l J-D
109
• »o
1081
Oouponaoff.,...
OlnH ADoon a f 7a.... 1906 A-O HO
1037 J -J
Sd gold 434a
llOM 110H
OlnD AI latgug6a..ieil M-N 114
SeeCCCABtL.
AC.
118)< 121)4 iOI StL
117mai loinSAC. SMCOCAStL.
Central Union
1st 58
184 188
100)4 117)4
4S«
08
113
F-A
F-A 125)4
J-J 146)4
n-S i**x
n-N
J-J 136)4
J-J 1S2M
J-J 110)4
J-J
J-J 98
'
0514 ii'sH
lllH lllX
J'ne'99
J'n '99
118)4
107)4
117
171)4
143
StPASOlty Istg ea.l919
CtiloTerTranjferK4a..l947
WMk. tDaoJnl/. tDaeNoT.
Securltlea.
NBW
General gold 4a
1
lor
Feb
L A Pitta. Sm Pa Co.
ISO^ ChleStP MAO oon Oa.. 1080 J-D 187
Ota St P A Mln lat 6a.. 1018 n-N •136
135H
llOH
Nor Wlaoonaln lat 0a..l930 J-J 140
(Given at poot op
Wae
n-8
n-P
n-N
106
180
183)4
10654 108
116)4 116)4
1185^113)4 Ohio St
100^ Deo'08
119>^ Sale
IOS
130)4
113)4
Janu'OS
180
180
U-
100« 108
Bxt Almpsf g 5a...l929
109« 118
BUoh DlT Islgold 68.1984
Ashland DlT Istg 6al025
112^ UiH
1011
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113)4 123^
CtaloRookl A Pao Oa.... 1017
118H 181
..1017
Registered
102^
106)4 108)i
Apr'OO
180
MUAMad
116H
106)4
106
100
Su
Oot.'0«
J'ne'99
117)4 Feb '99
111 Jan.'Oe
115
112
113
•141
1988
1988
114 115«
RegUtered
DesMAFt D lat 4a.. 1905
1906 J -J
latS^a
108^ 104^
1905 J -J
108>4 109
Bxtenalon 4a
KeokADeaM latSa.. 1988 A-O
103 107H Ohio A St L. Sm At T A S F.
J
A-ot 120
A-OT ll»^ 180
A-O
MULSAW
09
l03HHar'09
l08^Mar'99
112% J'ne'99
120^ Mar '09
125H J'ne'99
107 Apr '90
118
101
IowaMldIandlat8a...l000
1st 6a
1905
OttCF A 8tP lat 5a. .1909
North lUlnoU lat 6s.. .1910
Istg 8s.. 1921
Convertible deb Ss.. 1907
IS
102
May'99
llS^Mar'Ot*
'109^
ii]4
11
102
102
lOl
110
l23Ji
06
J'ly '98
»113
•100
• a • •
05
116^180
1
13
13
7
101
104
120
151)4
107
107
U4H
93N
A.-0
1999l»I-8
Bale
1870-1089
RegUtered
BlnklBgfunddeb6a...l088
Reglatered
1038
S6-year debenture Sa.. 1009 o-N 'too
1009 M-N
Reglatered
80-year debenture 6a.. 1931 A-0 117
9SH
01
Apr'OO
100
1992:.tl-8
•«•• ••••<
112M
113
109)4
186)4
11694
14 105
2 101)4
U)g J'ne'99
123
J'ne'99
106
J'ne'99
116)4 Apr'99
124)4
J'ne'99
112)4 Apr.'99
182)4 J'ne'99
123 J'ne"9U
118)4 May'99
137)4 Jan.'98
106)4 May'97
118)4180)4 118)4 May'99
112« 116 114?4
105)4 Feb.'9»
124M
Sale
J-Jl '118X
1-N
n-N
117H
Jaii.'97
00
ISO
18« 14
a-> 110
W-N
i-j
J
HI
01^ May'OO
90
96^
J
110
106
1st
latconaolOa.
1013
Ohio ANorthw—Con78.19l5
1902
Gold 78
1908
Regtatered
Sinking fund Oa.. 1870-1989
1870-1929
Reglatered
Sinking fund Sa. 1870-1989
10b
Apr'OO
117%
104« 106
"a'a
109)4 I>ec'9«
1081 A-0
Bxtenalon 4a.... 1886-1086 F- A ios'
Reglatered..... 1888-1 986 F-A
Gen gold 3>,(a.... ...... 1987 M-N lom
1987 Q-N
BegUtered.
BaoanALSuplat6a..l901 J-J 107
Minn
lat
1907 F- A
Mo
7a.
A
Dea
ctfa
Cal I8tgng6s..l907
Guaranteed gold 6s. 1938
SarlesASaT 1st g 7s.. 1936
A O—g. Os aer. A.. . 1908
Gold Oa
1611
latoongSa
]939
Ragtatered.
1939
MUANo
30 114«
•••••I
..;;;
1016 J -J
1916 J -J
Gen gold 4a aerlea A..198e J-Ji
Registered
1989 Q-Jl
Gen gold 3Ha aeries B.1989 J-JS
1989 J-J5
Registered
lOlM 106
'99
117
68
Chie
DakAOt8og6a
Apr' 07
•
93
M-N
a->
A-O
A-0
grant
gold
Land
5a.. ,1000 A-O
Speyer A Co ctfs
OAODiTextg 5a. ...1018 J-J
Speyer A Co ctfs
Western Paciflo g 6a.. 1809 J-J
Speyer
89
l!«
M-N
;-j
J-J
May'Oe
••»•••
136
Contalnkfund 6a
188
188
...
Reglatered
tt-N
-J
-J
i-J^
105
111
106
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J
J
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IC8
108
I15>i J'ne'99
111
J-D
J -J
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•aaa* •••••'
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1918 tt-8
Oarb A Shawn. Set Ills Cent.
Car Cent. See Saab X Roan.
Carthage A Ad. SeeNirCAH,
OR la FAN. SeeBCRAN.
t07H
189
105
100
101)^
101^104
llOV
108
104
iotS
lOOM 106M
Mar'99
111)4
112)4
130
J'ne'99
116« J'ne'99
oea 106)4
100
aea <•••••
171)4
1926
1.
108
101
138
Sale 138
117
116)4 116
103)4 NoT'98
aaa
J-J
Mineral Point DIt S8..1910 J-J 114
Uhio A L Su DlT g Ss. .1921 J-J
WiBAMlnnDlTgSa..ie81 J-J 18««
1914 J-J '118
Termlnalgold 6a
Far ASouaaan g 6b... 1984 J-J 185
m
ItOH
107
1010 J -J •118
1910 J-J 184
5s.
117H
30 106
100
I
7a. ...1908
A Pac DlT 6a
ChloAMo RlT DlT
117H 117«
105H lOSM
17
AD Bxten
lien
106
112)4
112)^
OhlcAPW Istg 68.... 1021 J-J
113
108
180
128
103
ios"
106
J-J 171H
lat 8outhwe8tDlT6s.l909 J -J 121
1919
J-J 188
1st La Crosse A D 5s..
latSo Minn DlT 6a. ...1910 J-J '181)4
latHaat ADDlT7a...ieiO J-J 130
latl
106
80
lOOM
llOM Feb
100
102
108
106
105
too J'ne'99
95)4 May'9h
101)4 Apr'9fl
102)4 J'ne'99
109
J'ne'99
104 Feb.'Oki
106T4 Feb.'99
104
F-A
108
107)4
J-J 1175^118
Jan.
High. So. Low. High
Lout.
A-O 108?i
M-N lllHSale
M-S
A-O 117^^
\-0 I065i
ChloMUAStPoon7a.l905 J-J
180H
80
-J
W
SdSs.
113
Apr'99
107
113
117
106
Sale
F-A
M-N
A-O
tinee
Last Bale.
Registered
•ecbCreek.
Bway A 7th At.
BUyn RapTrg
.n-N
MCtilcAIowaDlT5a....l905 F-A
Nebraska Bxten 4s.... 1927 n-N
108)^118
Jan.'99
laSX Ma7'99
104^ May'99
80 Feb '99
J-D
.11-8
iH- 8
Range
Week't
107
108
103
LXIX
Range or
A$k
1927 n-N
119H 1^0^
Han. ASt. Joaoon6s..l91l n-8 •123
Chic Bur A Nor 1st 58.1926 \- O 106
OhioAHIU— latafour68.1907 J-D 114
1907 l-«
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lis" lis
1934 A^-O 188
latoongda
>a»a*.' ••••<
General oon lat 58....1937 tf-N
••at* •••••
1937 M-N •«•••
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ChtoAIndCRy 1st Ss. 1936 J-J 100
Chicago A Brie. See Brie.
108H 118
Chic Ind A Louisville—
Louisv N A A Ch l8t68..'10 J - J 117
aaa
Ohiclnd ALrefg68..1947 J-J
•a««» aatad
1947 I-J
Refundlngg6a
107«111
GhM A 8tP-lst7s»gRD'02 J -J 171)1^
93^ 04
Ist 7s A gold RD....1902 J -J 171J4
32« 32k
1899 J-J
latIowaAD7a
18« ISM
1903 J -J 171«
late AM7a
May'99
116
186
I-J
.
[Vol.
30.
J -J
4b
AQ—
118^ Sep.'98
otfs of dep.
June
Hut.
.1089
Craig Valley iBt g 6b.. 1940
Warm SprVal Istg 5S.1941
ElU Lex A B 8 gu g Ss.1002
103 879^ 05)^ Ohio A Alton sink fd 6b. 190;
395 99Jt 103?g
Lou. A Mo RlT Ist 7s. .1900
102^
100
1900
2d 7b
458 78
85M
Miss RiTB 1st sfges..l912
88
83h Ohio Burl A Nor. See C B A Q.
'hioBurl
Con78..1903
lbs" iio"
1901
Sinking fund 5s
102
lOOH
Debenture 5b
1913
1908
CouTertlble 5a
lowaDlTBlnk fd68...191(i
1919
4a
116 118
192i
Deny DlT 4b
115 116
Southwestern DlT 4a.. 1921
180
l.
Price
Friday,
»-.2
A O-(Con)—
Oou98
120
Page
(5 pages)
RA ADlTlBtoong4a.l989 J-J
•••••• aiaaai
Oonponsolt
J
103
Mar'99
101
-J
-J
Trust Co.
Gold 5s
9SM
93
I02U
.
Registered
J'ne'09
prices
BONDS.
N.Y. STOCK EXCHANGE
Week Endino Juke 30.
AkronJtCbloJno. SeeB&u.
labamaCent. See Son Rj.
Alabama Mid 1 st ^u g. 1 988
Albany t Susq. Sm D & H.
Allegheny Val. SeePennCo.
—
SD
8
N
a
.
iDucJao.
Rid.
92
Ist Ss 1944
Consol 58 1945
Nor Dn Ist Ss 1937. .MAN
Standard Gas— Common.
Do preferred
MAN
BROOKLYN.
Brooklyn Un Gas— N Y St
Ist con Ss— N Y Stock
WiUlamsbara
Ask.
98H
109)4 112
Gas
Secur»r«»i«
OTUUK
04
110
lis
112
96
185
lie" 118
00k B xoh.
Bxoh.
Gas— 1st 6s ilOO
I
aala
dBc.
Bid.
As*
Cll'llio.
Baltimore Consoiidat
Bay State Gas—
JAJ 118
JAJ 108
1930
BoaOa dM M«f. aTbw«ar«o»a««
pages).— ^^;S SECURITIES,
Gaa Sccnrltlee.
N Y Elec Lt Ht A Pow 43.
Gold 58
N Y A Bast RlTor Gas—
lat 5s
<
8e eBalt.
2M
Incomes
Boston DnitedQas Bonds- -Boato
10
Buffalo City Oat— Stock..
1st 6s Bonds
S 84
ck
Hx
(^ilcago Gas— See N Y Sto
103
Ttcero Gas Co Ist 6s
186
Indnnatl Gas A Coke... 184
60
46
Ctty Gai k Norfolk Va) ....
«101
1st 68
ah
iAnd interest tPrl<»ei
July
THE CHRONICLE -BON J
1899.]
1,
Wbbk Eitdinc June
OlACan
June
5«
30.
J
i Col
W W Vftl
Dlv iBtg
DlT Ist g
- J
M-N
M-N
1990
1940 M- S
1940 J - J
B««rl5t«re<l
Bpr
48.
4».
Bang*
iMUlBale.
Jan
Aih Low
90
95!^ Sale
97
102 Sale
OOC&StL—Oeng4i..l998 J-D
Oalro DlT l»t gold 4«. .1939
BtLDlYlatcoltrg 41.1990
3o.
Bid.
J.J
lat Ss tr rec...l9l7
WUk'$
Bangtor
Ptt€*
Friday,
81
BONDS.
ir.r.STOOK EXOHAKOG
J'ne'99
95»<
*7
102
99
J'nev9
102
May'99
88
96
118}^
85
30
84^
Sale
Sale
85
30
30
95
103
134
.
I
,)
82«
33
135^
137Ji
ibsii
134K J'ne'99
128
134>i
63V^
65U 213
63
74^
88M
74H o79
89>,
70ii
May'99
85M
80
29H 84
A-0
A-0
A-0
1906
1906
1906
BegUtar«d
BsnsASar
146
148
iaOJ<
123
116
1
IBO
148
106
.
latcong 4^8
1936
Improvem cot gold 5s. 1928
M A Ft D. Sm C R A I P.
Des
U^
1
J'ne'99
J'ne'99
J'ne'99
132
132
115
1179i
141
May'OS
93
Jan.'09
mortgage 6s ... 1 9 1 J -J
Sd
Istg 58.1928 J -J
Dal Red
Dal So Shore A At g 58.1937 J -J
EMtof Minn. SeedtPMAM.
RR Ist gu gold 58.1909 A-Ol
A Krte Ist g 5s 1982 M-N
A RR Ist gu 68.1922 M-N
.
109
J'ne'99
116
. .
118
121
113
131
....
5s. ...1942
1928
Snll CoBr'ch l8tg58..1930
BrAInlUtoongUR 6s.. 1926
So.
1
st 6s
See
M
FUnt A
Ch
MA
St P..
Pere
g 68. ... 1920
lat oonsol gold S8....1939
Pt Huron DIt let g 58.1939
Feb '09
106
lis
Feb '99
Sale
A-O
125^
03
121
124
105J^ 107
OUTSIDE SECURITIES
Colxmbas Gas Lipht
Heat - Com.
Preferred
ist 5b 1938
A
849<
Bonds 5a
Conaum Gas
(J
42
JAJ «105X
Oonsolld G(ia(N J)— Stck
lat 5b 19M
JAJ
Oonsol Gas (Pitta)
Pref
City)— Stk
lat6a
Datrolt Oaa— Se«
MAN
N Y Bxc
Ask.
V4
31
87
31
85
33
90
83
67X 58X
116
93
105
h. Hat.
H7X
98
108
108H
Sale
*l>o pTloa Friday: these arelatestMdud
H
J'ne'99
IISH
.
UlA
95
J -J
106
104
Ind
la 1st refg Ss. .1948
1st gold 68.1919
,
M
,
Sale
64
,
749i 294
J'ne'99
Aag".>8
lOlM
103
1st con g 48
93%
liaji
17
00t.'98
General gold 48
Ferry Ist gold 4^8. ...1922
Gold 48
1932
Debenture gold 5s.. ...1934
Istg 6s. ...1927
N
2d Income
1927
N Y B A M B cong 58.. 1935
Bklyn A Mon iBt g 6s. 1911
YARB
98M 108M
M-t
laO
Not' 97
106)6
105)^
101
Mart)
A Mo RlT. See Chi A Alt.
181H 18fM LBAStLConongSsTrcerU M-8
General gold 48
1943
lOOM 106^
Lon A Nash—Cece) Br 7b1907 M-8
MO AMlBtg 6r .,,,1930 J -J
123
31
103
08
lOSM
130^ 1S«
lOOM 107
100
110
(Given at foot of
Secnrltlea.
Bid.
63
Fort Wayne (Ind)— Sto*
ljt68 1925
78
JJtJ
108
Grand Rapids— Stock
lat 5s 1915
FAA 106
Hartford (Ct) Gas L... 25 t 43
Indiana Nat A lU Gas— Stk
50
MAN 68
lat ffa 1908
Indianapolis Gas Stock. 180
Ist 6s 1920
MAN 108X
208
Jersey City Gas Light.
Laclede Gas— N Y Stock Bzob.
66
Lafayette (Ind) Gas— Stk
Ist 6b 1984
MAD 79
—
.
.
7
Ask.
68
81
109
108
98)6 101
loiu
V05
Oax
J'ne'99
din
I
73
186
106X
318
70
82
•••••
16
114X
93^ 105X
'%{"
9*4"
J'ne'99
••
100
*
02)6
i05X
••••%«
123
May'09
123
138
128J6
May'99
130
12696
23
100
Sep.'M-
Apr'99
100
100
Feb
104)6 ioiii
1
104)6
'9^
•''''
131
131
" Feb''9*
94M Dec '98
131
NoT'9b
6)6 J'ne'99
106
Apr'9H
185 J'ne'99
k»8%
02Ji
63 J'ne'99
102X106X
.L
USX
58X
104X 108
82
186
87
63
115
60?6 138
58H 75
114
128
91
60
3» 107
65
59
Mar'89
Apr '9fe
tSIX
ISilX
110
02
110
104
Aug'9b
112X
116X 181 J<
100
40
J'ne'99
lOOX
lOOJi
86
80
103X110^
10S)6
lUX
39
106
105xlll«
•••••
••••
118
118M
96
96
91^
93
999i
lOOM
35H May'99
33
87
134X May'99
120
124X
"99)i J'ne'99
100 May'99
98
99
103
101
115
106
95
106"
JaJi.*'99
100
100
107
Jan.'99
107
io'}'
••••
••••t«
lOOX 100^
tOOX Apr'OO
-J
53
60
63
T
Dae
J'ne'99
J'ne'99
6
106
NoT'97
132X May'99
'105M
{
X
113X
117^
J'ne'99
J'ne'99
11794
107
135
Apr'OO
Deo'98
181
October.
Bid. Ask.
(Saa Securities.
58
Loganspt A Wab Val— Stk
60
Ist 6s 1925
73
JAD 68
Madison (Wia) Gas— Stck
70
1st 6s 1926
AAO il07 HI
49
63
Ohio A Indiana— Stock.
69
lat 6s 1926
JAD 66
People* Gas A Coke— N Y Stock Bzch
Philadelphia Co— Se« Bos ton L iBt.
44
43
St Joseph (Mo)
89
5s 1937
JAJ 06
65
63
St Paul Gas— Stock
90
Consol Ss 1944 ....MAS « 88
13
10
lyracuse Sas Stock...
—
-
lOSx Apr'99
sex
consecutive pages).— fl^^/S^
.
63
107
104
14H J'ne'99
1930 J -J 112X
BHANash latg 6s... 1910 J-D 113
General gold 6s
1930 J-D '117
PenaacoladlT gold 6a. 1920 M-S
i»tLdlT Ista 68
1921 M-S •188
|OaeJan«UT.
108
100><8ep.'9^
8d gold 68
MkcdthUwMk. tD^aAocoat. *Daa April.
104J6 107
104X 104M
12
(iS
132?^ J'ne'99
106
ir6i<
106 J'ne'99
Mhb
1911
Nor Shb iBtoon g gu5B..'3a
N Y Bay Bx R 1st gu g 58'43
Montauk Bx gu g 5s.. .1945
3.,..
118
95
100
May'99
103
06)i J'ne'99
93"Feb*'99
91)6
M-S
t%
M-
103X lb7H
103X 108)^
104H Jan.'»v
96
M-S
J-D
J-D
I07«115>6
102)iApr.'U
1
107
97X 104X
113XMar'99
109X J'ly'97
133
105
98
101
(i-J
1931
1938
let 5b
J'ne'"»9
103
107
lo3
85
89
W
Long Dock. See Brie.
Long iBl'd— 1st con g 6S.19S1
70« 77
107
63
102^ 140 lOlX lOSX
115)6 J'ne'99
112)4 NoT'9
106 J'ne'99
59MSale
58.192
.
925i*95
93
•tl«f«
100
May'99
90
A Ohio. See So Ry.
lstg5B.1937 J -i •121
2d gold 58
1941 i-j IIOH
North Ohio Istgu 6s.. 1945 A.-0 102)6 Sale
L 8 A S. See N y Cent.
Leh Val (Pa) coll g 6s 1997 M-^
LehVNY Ist gag4X8.. 1940 -J 111)6 Sale
Registered
1940 i-j
Oct.*98
1859i J'ne'99
104
1
102
M-f
L V Coal Co 1st ga g 5s.. 1933 J -J
Registered
1933 J -J
Leh A N Y Ist ga g 4s. ..1945 M-S
Registered
1945 M-S
BIC ANlBtglstpf6s.l914 A-O
guar
Gold
5s
1914 A-C
139M 139^
Leh A Wilkesb. Se« Cent NJ
140 140
Leroy A Caney Vai. See Mo P.
Lex At A P F. See Met St Ry.
106 106
111X116H L RAM Istg 5s 1937 Tr ctfs
150
95
94^
93M May'99
Sale
65
A-0
A-O
A-0
J-J
A-O
M-N
Bid.
(iras Securlilea.
nw.y
A L ( F storla) 5s. «
1938
iai" isi"
106« 106«
\i2H 14SH
J'ne'99
140
Sm C A N W.
tATH
1st general gold
May'99
NoT'9X
139M Apr'99
W—
1933 F1921 J-
104
107
103
VTerRy Istgag5sl941 A-O
115«123H Leh
Registered
1941 A-0
181
131
1449^ J'ne'99
143 Dec'98
72J«
Aegutered
1996 J-J
N Y BA
lat ret 6a.l937 J -J 113
lia«
ad gold 4^8
1937 F-A
93H
General g Ss
1940 F-A 10 IM Sale 100
Terminal Ist g Ss
1943 .M-N
ill
Regis 95,000 each .1943 M-N
WtlkAl£a8l8tgag58l942 J-D
107^ i'diii
MU RRofNJ I8tg6sl910 A-O
123H 180
ds.
103)ii
FulBl iBtgug 5s8erA.'29 M-e
••••• •••••
74H
Sale
A
111
104MI11
106H Apr'99
147
109
95
J-J 102\
See
KAX
Kansas Mid. Se« St L A d f
Kentucky Cent. See L A N.
Keok A Des M. See C R I A P.
Kings Co El Ber
iBt g 5a '25 J -J
lllM^lO
J'ne'99
•
Dec 'Of-
lOi" May'99
I
DookA Imp lstcur68.1918 J-J 118
N Y AGreeuLgug58.1946 M-N 108
Sup.
Istg 4s
Lake.KrleA
J'ne'99
1081^ J'ne'99
•105
115
•118
Brie 1st oon g 48 pr bda. 1996 J -J
Regiatered
1996 J-J
lateongenlleng 4a
1996 J -J
Bareka Springs 1st g
1st con 6a
A3
Kan C A Pac
107M 108
105
•••
99X 105
104
106
Sale
101
sa" "sVx
66^
12
65?i J'ne'89
M
Y AKrle Ist7s.l916
Bnff&S W gold 68.... 1908 J-J
Chic
Coal
Carb
IndBlAW. SeeCCCAStL.
Ind Deo A W 1st g 5s. ..1935
KnoxTllle
M-S 13l>^
M-S 116>8
A-O 121
J-D 105
M-S 143
M-S 140
A-O 141
J-D 1361^
BttffN
Apr'99
93M Fel».'B0
116^ lie
HStTVaAGa. SM.SoRy.
BlglD Jul A B Ist g 5s. .. 1941 M-N 108)^111
BUs Lex A B S. SeeC&O.
Him Cort A No. SeeLehANT.
1947 M-N 118i<131
rle istextg 48
Fargo*
68
70
WAS
1919
1923
1920
1928
1st ooQBOl gold 7s
1920
IstcouBOlgold fd 78.. 1920
Long Dock con gold 6B.1935
108
104
101
108
103
Mar'9^
83
82
68
(i5>6
A-O
Int AGtNo
M-N 184«
Sdgold 5b.
OSM
1B09 M-e
93
90
3d gold 4s.
1981 M-S
118
Central
Iowa
1st gold 68. 1938 J-D
Iowa Midland. See Ch A N W.
tOSHIOB
Jefferson RR. See Vtiie.
104
100
I0S«11274 KalAAGR. SeeLSAMS.
an A Mich. See Tol A O C.
103)2 109^
K C A MRAB I8tgag5s.l929
••••••
66
A Iron Range 1st 5s. 1937 A-O U9«,
Registered
1937 A-O
Mt Vernon
103^
J-J
SIX 82
Registered
1951 J-J
1st gold 31^8
1951 J-J
Registered
1951 J-J
lat gold 3s8terUiig.,..l95l M-e
Registered
1951 M-f
CoU Trust gold 4s
1952 A-0 •105X ire^
"
105
Registered
I05i( A-f
L N O A Tex gold 4s 196b M-N 1C63^ 103)1
Registered
1958 M-N
Coll tr 2-10 gold 4s. ...1904 J -J
Registered
1904 J-J
Western Line Istg 48.1951 F-A 114
Registered
1951 F-A
Louisville DlT g 3)^8 .195!? J-J
104)4
Registered
1 958 J-J
*
92
St Louis DlT g 3s
93
1951 J-J
Registered
1951 J-J
Gold 3J<s
1951 J-J
Registered
1951 J-J
Cairo Bridge gold 4s. .1950 T-D
Registered
1950 I-D
Middle DlT reg 6s
1931 F-A 123
Spring DlT Istg 3X8.1951 J -J 108
Registered
1951 J -J
ChlcStLAN Og 6s.. 1961 J-E ne^i
Regiatered
1951 J-E
Gold 3^8
1951 J-D
Registered
1951 J-D
Mem DlT l8tg4s... .1951 J-D
• ••
•••••!
Registered
1951 1-D
BelleT ACar lst6s....l92S J-E 130
St L Sou Istgu g 4s... 1931 M-^
95
KCPAGlstAcolg
105
I) lU
scan A L
114H 117H
IBOM 163
111?* J'ne'99
106)^ J'ne'99
DeiMUu Ry latg 5s... 1917 M-N
VetMATol. SmLSAMSo.
D at A Mack 1st Hen g 48.1995 J-D
Gold 4a
1995 J-D
Sdextgold Ss
Bdextgold 4^8
Ctbextgold 58
ftheztgold 4s
lOf'i.i
130^ laoH
SMChANW.
DesMAMlun.
108^
118V4
Apr'99
lOSM
J-J
J-D
142^
Sep.'98
105M May'99
108^8 Sale
188
t17
ltlay'9'
IBOH May'09
m
.
108^ 111
143 14SH
IQS% J'ne'99
108 Aug'9»
121>^
110
1921 M-N
lst7s
Registered
1921 M-N
D>lBlTRRBge. Sea Pa RR.
D Con Tr Co Istg 5s..l933 A-O
Den Tram Co oon g 68.1910 J-J
MetRyCo lat gag 68.1911 J-J
n«n A R Gr lat gold 7a 1900 M-N
latcong 48
1936 J J
184Vil34>^
143
144
Oct.9^
142
I18H Apr'90
F-A 181
Term A Impt 4s
M-N
Warren 2d 78
A-O •101
D 'lAHodl8tPaDlT7a.l917 M-8> 142
BegUt«red
1917 M-S 141
Alb A S la 1st conga 7sl906 A-0 *ia8
Beglatered
Sold es
186^ 12f<U
140
142
-J *14l
1928
192S
1900
J-JH
W
69
76
90
70
30}< Apr'99
J-D
1st ds.. 1921 J
A-O
1999 ICol A H V Istextg 48. 194b A-O
Houst B A
T lat g 58,1 933 M-N
Hons A Tex Cen. See So P Co.
Illinois Cent Istg 4s... 1951 J -J
A-0
1915
Registered
P Co.
106
Registeied
D I Laok A Weatera 78.. 190' M-g *124
126^ J'ne'99
flTT Blng A N Y lat 78.1906 A-O •183
ia4Vi J'Ee'99
•141
Moma A Basez 1st 7s. 1914 >I-N
142
J'ne'99
7s
,1900 J-J
107
8ep.'9b
1871-1901 A-O 108M 109!^ \OS\i 10«k
7s
Istoongaar 7s
1915 J-D 148 145
143 J'ne'99
T Lack AW
101
Mar'99
Han
NAW
Constractlon 5s
See S
HAH of '82 lat 58.1913 A-0
Ist pf g 5s.l945
1ft COLSOlg 58
1945
Ga Car A No 1st gu g 58.1929
Georgia Pacific, See So Ry.
Grand Rap A Ind. See Pa Co.
A St J. Se« C B A Q
ousatoulo. See iV YNHAH.
Hock Val Ist con g 4^s.l999
88>^
23
t08«
•••
•«•••
OakAOtSo. SMCMAStP.
alias A Waoo. See M EAT,
Jeff
V7al
U8«118«
l08HFeb'99
107 Dec '98
78
M
J-D
J-J
Ga A Ala Ry
r37ii J*ne'99
1
W ADC— Istg 4-6s. 1921
/lainarASA.
Low. High
Aik Low. High
•
RloGrlstg3-4s.l928
Fulton UlcT. See Kings Co Bl.
97
104
/an.l
Laat Sale.
bO.
Bid.
FortStU DCol8tg4!<8l941 J-J
99
103H 103H
38
30
June
Btmgt
WesVg
Bangtor
101
FtW A
137J< Jne'99
01«T A Marietta. See Pa RR.
01«T A Mahon Val g 5a. 1938 J -J '130
Beglatered
1938 Qn-J
01«T A Pitta. Bu Peun Co.
- J
e'5« Sale
Ool Mldl'd— lat g 3-3-48. 194';
latg 48
1947 T741^ Sale
89i| Bale
Col A Sou Ist g 4s ... .1929 F-A
Ool A 9th At. SMMetStRy.
Oolnm A GreenT. See So Ry.
Ool H V ATol-Con g 58.1931
lien
97
99
118X J'ne'99
103H Apr '99
M C C C A 78.1901 A-0
01 lior A Wh oon Ist Ss. 1933 A-0
If
%
99H 103^
Aug'9e
96>i Apr'96
103^ Mar'9K
103
W
W
cm
Ist land gr ext gold 5s.l930
Consolgold 58
1943
Ft 8 A V B Bge. See StLASF.
Ft
1936 Q-Ft
1920 M-N
OloS ACloonl8tRSB.1928 J -J
IndBlA
1st pf 7a. .1900 J -J
latpf 5s.. .1938
OlndA
P*0 A Baat lat con 4s. 1940
1990 Apr
Income 4a
OlOC AInd conaol 7a.. 1914 J-D
Oonsol alnklng f d 7s... 1914 J-D
Q«neral oonaolgold 68.1934 J -J
1934 J -J
B«el8tered
M
87H 98
9=
Beglttered
OoDSol 68
J P
A Co eng ofs $85 pd.
a. g. 68., J P
ctfs stpd...
9«n. lien g. 4a, do. ...1996
Md. Sm B A O.
Ool A
Ool Conn A Term. Set
Oonn A Paa RItb Ist g 48. '43
FlaCen A Pen Istg 58.1918
87
0toW4MDlTl»tg4g.l991 JCnnlStL AC lit g 41.1936 Q-F1
OABlat
91
17
2.
Price
Friday,
W. Y.
1.
70]4
Page
(5 pages)
BONDS.
BTOOK EXCHANGE II
Wbbk Bndino Jdne 30. 5«
tinc«
High. So. Low. High
91
94
PKICES
50
73
6
10
189J6
138X
117
138
113X11S«
52 117
Bonda Aim J «IM
SECURITIES,
107
a Optlona
die
dlas Securities.
Syr'seGas- lii os 46. J AJ
Western Gas (MUw)
Bid.
Jentrai A South Amer
The* A Poto Teleph—Stk
Bond 5s
110
76
104
184
'
121
107
81
97
Ask.
S4
98
5s— See N Y St Kx list..
Teles. <fc Telephj^
imerioan Dlst Tele— NT Stock Bxcb
*.merlcan Tel A Cab— NY Stock Bxeh
Z
ommerctal Cable
^ommer Union Tel (NY).
Bmplre A Bay State Tel.
JAnd
76
Interest. tPrlce par sb
113
79
186
118
79
S
1
.
THE CHRONICLR-iiOND
18
Priet
Friday,
BONDS
IT.T.8TO0K.EX0HAMGE
Wbbk Endinq June
June
C?
30.
M-S
j-j
A-O
B&NAoongngSa....l936 F-A
Gold 5
1937 M-N
Unified g4R
1940 J-J
Beglstered
1940 J-J
Col tr 8-20 g4g ....1908-18 A-0
Peni(k Atl l8tgnge8.1921 F-A
OoU trust g 6s
1981 M-^
LAN&M&Mlstg 4^8 1949 M-8
NFlaASlBtgngSs ..1937 F-A
Kentaoky Cent g 4i
1987 J-J
LOln&Lezg 4>^8....1931 M-N
LA JeffBgeCo gug 48.1945 M-8
L N A & C. Sm CI jt L..
LoaUB7Colstoong5s.l9SO J-J
MahonCoal. SwLS&MS.
anhattan Ry oon 48. 1990 A-0
MetropolBl litge8...1908 J-J
Sdes
1899 M-N
1
.
980
•66
lOOH
Sale
*100
108
*108
lOS
108
109
97
108
109
97
112
109
121^
Sale
lOlSi
191 J-J
1st oon Income
.1939 j'ln
td oon income g Ss ... 193V
106^ 109^
1
113
110
108
97
91
109
109H
56
1219^
10:9^J'ne'99
4
I21«
96
116
1129<
131?^
100J<108H
5s
.
I'l
N Y Sns
ft
182)1^
183J^
J'ne'99
131
123H 137
J'ne'99
124
ibsii
iijsji
"77" J'ne'99
IS
Sale
A-0
8 7?^ Sale
93
9T«
63
14
97
Apr '99
Feb '97
8SH
li
14
105^ Feb.'99
103)<
lOS^
148
19S^
• • • • «
Iowa ex iBt gold 7s. 1909
Booth West ex lBtg7s.'10
. .
••••••
• • • I
•••••• ••••
tseit* ••••
•••••• •••««
Minn St Ry Istoong 5b.1919 J -J
Minn Un. iSm St P M 4 M.
Trusts it
160
Apr'99
115H
1I5J^
Jan.'99
Jan.'99
188
137
188
Deo '98
*••••• ••••!
•••••• •••••
•••• •••••
•••••• •••••
Registered
lit ooll gold Ss
192(1
Registered
1920
Pao R of Mo Ist ex g 4s '38
8d extended gold Ss 1 938
Verd V 14
lBtg8s..'26
.
.
W
Lero74CyAL
Istg 88*86
a
10
3
••••••
9m
W
(51
137^
13l9^:ejale
J81»i
13l9»
S6« S6
112
'
109
86^
11
J'ne'99
106
1901
1928
1917
jBt68T4 Pb
McM MW4A1.1917
Boh.1923
Nash Flor 4 Shef. See L 4 N
NtwH4D. SeeNYNH4H
N J Juno RR. See N Y Cent.
N J Southern. See Cent N J.
lit 68
1st gold Bs Jasper
•iosii
J -J
J -J
109
138^ Apr'99
lOSk NOT'9'7
183
106JI J'ne'99
105)i 10896
115**Mar*'99
Debenture gis. .1890-19061 J -D
•••
118
109
109
109
103^
113
112
Teleg. dk T»leph.
Bid.
4
Telep.— See Bosto
42
117
aold4Stook
Bonds
00
Hndson River Telephone 101
116
Intematlon Ocean
815
Mexican TeleRraph
Mexican Telephone— /S<e Bosto
Mew Bng Telep— See Bost on Hat
116
Northwestern Telegraph
179
N Y 4 N J Telephone.
M4N 114
Ss 1030
76
PaolSo4 Atlantic
.
.
Ask.
nLlst
50
110
WMk.
*
&
.
.
&lont.
Y
Non-oum
One Jan.
104
ElectrSe Companlea.
Allegheny Co Light Co.
les
178
Brush Iclectrlo Co
48
48
Br'dgprt (Ct) Bl Lt Co.86 t 47
Consol Blectrlo Storage..
10
80
Bddy Bleotrio Mfg Co.. 25 t 18)6 15
Bdison Bl 111 Co NY-N Y Stock Bxoh
BdUon Bl 111 Co Brk- N Y Stock Hxoh
Bdison Ore Milling Co....
10
.
ni.lst
184
lie
80
108
•••••
••••••
113M
10694 108
105)6 106«
28
178
178
101
184
ISO
114
ISIM
O0t.'fl7
130^
131)6 J'ne'99
,
116
May'99
103
May'99
J-D
M-S!
106
tOS
36
106)6
106)i
101)t NoT'9o
10696 Sale
M-SI
116
1C8M
106)2
tl4^ ISO
118)6 Apr'OO
116
138
117 Oct '08
131)4 May'OO
130 8ep.'98
,,..
10196 10S91
104)i
66)6 ''O
65)6 B6M
91
IOS94
105)6
104)6 May'9i»
68)6 lar
«69i
66>» J'ne'99
10S96 Bale
109
679i Sale
108
95
May'99
wO
9
J'ne'99
113
1
108)6 110
135
132
A
4
i
,
—
General Blectrlo Ot N Y
Do pref .— See Boston L
Hartford (Ct) BleoLt Co.
Lt4PowCo85
Mo Bdison
Bleotrio
Do preferred
(
Narragan. Pro v ) El Co. 60
New Hav
**.•• ••••tt
....•• •••i«t
100
••••••
00)4 101
HSU OS
95)6 95H
J-J
J-D
F-A
J-J
J -J
J-J
•114
(Ct) Blec
Jan. 'Ob
75
May'99
114
116
103
114
lie
37 I00)i 105
188
138
181
181
108
J'ne'99
Mar'99
May'O?
•
60
lUM
lie
04
06)6
'»Ti
104)^108
lOifi
104)6 1049<
••••• •••.!••
108
SB
17
110
94
74
115)6
03
72)6
86
66
J'ne'99
10894
133
181
108
i3i96
J-D
A-O
M-N
Bid.
I
103
...
75)6...
Due May.
Companies.
Hartf'd(Ct)
NoT'98
117)6 Aag'98
101
Feb '97
17
100
09)6
96)6 122
9494
96)6 J'ne'99
1936
116 Bale
1946
04
6s
1946 Sep.*
col tr.. 1946 'ot.* • 7394 74
Bast Bud Electric Light.
Bieotro- Pneumatic Trans
Fort Wayne Biec. Co.. 36
A
107)6 IP'H
185
130
138
05)6 Sale
90
119
1079i J'ne'99
186 J'ne'99
134
108
86
6s...
One J une.
U
Electric
Series
380
111
See N. Y.Cent
Gold 6s
Ore Shl#— Istoong
Bid Ask.
92
00
Btook Bxoh
IISM
100
108
,
106
^
Due Not. a These are option la •»
(Given at foot op 7 ooksboutive pages).— r.^Zt
T«lf<ph.
Teles.
Southern 4 Atlantic.
West'n Union Teleg— N
14)i 116jJ
36
Apr'99
136H Ang'98
181X
116X
J -J
J -J
01nd4W. SeeOCC4StL.
bio 4 Miss. See B40 SW.
Ohio River RR lstget..l03<)
General gold 6i.
1937
1901
Om 4 St L Istg 4i
4 CaU See 80 Pao Co.
OreRrANarlstsfg 68.1909
Ore RB 4 NaT oon g 4b. 1946
Ore Short Line 1st g 6i.l922
1908
Utah 4 Nor lit 7i
tt**
t Dn« Jan.
107M
106)6 Apr'9t>
106X
1996
1996
10 114H117), Oswego 4 Bome. See N T <i
6 112
117H O O F 4 St P. See C 4 N
10 7« 118)4 Pao CoastCo—l8tg5a. 1946
113
aoof Missouri. See Mo Pao
3)2 iisQ
Pmama Istsfg 4)^s 1917
1910
afsubsldygee
8 103)4106
109)6 J'ne'99
118W Jan.'9»
IO9S Bep.'97
1031^
103)i
these are latest bid and asked thlj
OUTSIDE SECURITIES
Teleg
Vranklin
116)4
..
M
ino
Non-ou ino B
116)4
107
Feb.'98
131X J'ne'98
185)6 Jan.'98
106)6 Feb.'98
108 Jan.'98
..
138
l
121
Oot.'98
110)6 J'ne'99
May'99
133
123
1
lllH
108
133
138
106
100
111
Apr'99
108)4 Deo '97
..
118
OSH lo«S
105X-14)^1173
106)4 J'ne'99
115
114)4 J'ne'99
115
..
118
lOTV
lOeH
oeH 107M
May'99
110%
l»
R B.
Ore
115
• •
J'ne'99
188)6
4 W.
.
N T B 4 Man Bch. See L I.
H Y Bay Bxten BR. See L I.
H TCent4HB— lst78.1908 J-J
Registered
1903 J-J
Debenture Ssof. 1884-1904 MRegistered. ...1884-1904 M-S
Reg deb Ss of... 1889-1 904 M-S
rle
18894
116
J'ne'99
..
M-N 136
M-N 116
Cal. See Cent Paa
See C St P
4 O.
Nor 4 South Ist g 5s. .1941
Nor 4 West gen g 6s.. ..1931
New Rlrer 1st g 68.... 1932
Imprrmt 4ext g 6s... 1934
Is gag 5s.. ..1982
Solo V4N Blstgug4s.l989
Uy Istoong 4s. 1996
N 4
Nor 4
,
138
184
W
-J •138
J-J
A-O
J-J
Apr '00
Aag'98
104X
0C4T
New4ClnBdge. SeePennOo
N<04NBprlorllenges.l91S A-01
Ne price Friday;
8
Registered
Small
1st 7b. '13 J
J'ly'OS
18694
. .
89)<
4 Bssex. SeeDelL4W
3d 6s
1st oon gold 8s
05
NoT'98
128
107
J-D
A-0
OenlstRR4Lasfges.'ai
18j»
83X
J'ne'98
110)rfll7iK
100Sll5«
NYTex4M.
180)4 Nor Wis.
185
7 117
5
11
117*4
116)6
115
108
106
106X
*•• t*««««
Northern Paoiflo—
111)4 lis
Montank Bxt. See Long Is.
Morgan's La 4 T. See 8 P Co.
Nash Chat 4 St li
127
lUH
127^
108
104
Ma7'97
113
107
111
.
37«
10*
lOS
97« 100
10396 108
i289i J'ne'"09
M-N •110)4
M-N 104)4
M-S 180
M-S 187
Registered
1981
Bt P 4 N P gen g es. . .1923
106H May'99
106H 106H
Registered otfs
1923
10851 J'ne'99
106 107H
Prior lien r 4 1 g g 4s. 1997
111
XWH 350 105 113
Registered
1997
8 110
\\\%
lllX
General lien g Ss
3047
Registered
3047
>•••••
Wash Cent Istg 4s.. .1948
<•••••
Nor Pao Ter Co 1st g 6s.l933
Sale
'
Montgom DlTlstgSa.1947 F-A
BtL4Calrogng 4b.. 1931 J -J
Mohawk 4Mal. SMNYC4B
Monongahela Rlv. S«« B 4 O
Mont Cenu See 8t P M 4 M.
108
106
99)4 103
08
98
4
See Long liL
See Brie.
See So Pao Co.
North Ullnols. See0hi4NW.
North Ohio. See L Brie 4 W.
NY
96^
Nor Ry
D
1938
98
lstreg4s.'03
Convert deb oerts 91|000
SmaU oertfsflOO
65)4 "71
Honsatonlo R oon g 6s.l93'7
88
NH4Derby
oon5s...l918
86
90M
NY4NBl8t7s
1905
75)4 sa
lit es
86
95
1905
N Y 4 North. See N Y O 4 H.
N Y O 4 oon lit g 6i. 1939
Refunding lit g 4i....l992
101)^106
Regis 96,000 only... 1992
108H 131^
N Y 4 Put. See N Y C 4 H.
114
117
91M 96
88
6s. .'27
lit extension gold 68.1927
(^neralgoid 4s
312
30
108
11794
•128
1940
NYNH4Hart
156
91X100)4 N Y 4
Mob 4 Ohio new gold
mn
1931
NY4NB. SeeNYNH4H
80
J
J
1948 J-J
Small
1902
1909
19S1
llOH 113X
ns)i
101)^ J'ne'99
100 May 99
1039i J'ne'99
104
103
*117
•116
110
"« 1C3)6
107N
4 liar. See N Y C 4 Hud.
Lack 4 W. See D L 4 W
L E 4 W. See Brie.
4 Man Boh. See Long Is.
74
Sale
prior lleng8s.'45
Income gold 4s
Y
Y
Y
Y
98H
98
BtL4IMtl8textg4^B.'47 F-AJ •ioa« ...
3dextg8s
1947 .M-N •108J4
Oenoonry41dgrtgSB'3l A-0 111^ Sale
GenoonstampgtdgSs'31 A-O
MlisBlTBdge. S«eChlo4AU
Small
N
N
N
N
F-A 94^ Sale 02^
94^
F-A
109
F-A
109H 108 Apr'99
J-J IISK ...
115 Apr.'99
M-S
J-J
1917 M-81
1917 M-81
103
'.'.'.'.'.
104
104
104
Registered
1940 J -J
Bate 4 St Istgu g38.'89 J-D
146
150
110«116)^ N T Chic 4 St L Istg 4s.l987 A-O 107
Registered
135
185
1937 A-O •106)4;
N Y 4 Greenw Lake. See Brie
137
137
Mo Kan 4 Tex— Istg 4s. 1990 J-D 93^ Bale 939^
94
8d gold 4s
1990 F-AI
69Ji Sale
66H
68M
1st exten gold 8b.
1944 M-N
88
90
J'ne'99
MK4ToFT l8tgag88.'42 M-S 9<.^ Sale 88?i
W%
69^
KC4Pacl8tg48....1990 F-A 78
7854
78>i
Dal 4 Wa Ist gn g Ss. 1940 M-N
98
95
Apr'99
Booney Bdts Cogu g 78. .'06 M-N
Tebo 4 Neosho Ist 7s. 1903 J-D
Mo K 4 B iBtgng St.. .1942 A-O 105^ Sale 106^ 106^
Mo Pao— Ist oon g 0s... 1920 M-N 117H 118 lien i\-.^
8d78
I9ut) M-N 115
IIB
116 J'ne'90
*
1st con 5i
6i
ei
Registered
.
'10
K A 4 O R 1st g 58. 1938 J-J
Mahon C'l RR 1st 58. 1934 J-J
«i
ex 1st gold 68 1921
m
i02J^ Sale
1900
Jl
1903 ?: D •nifi
1903 J-D
1997 J -I) •Vioji
1997 J-D
112J*
Mloh Centrist oon 781902
M4 P lst8s8tlBlatga..'36
M SSM4A 1st g 4s int ga.'26
M BtP48SM oon g 4s Int ga'38 J-J
•113)< 114
Cin4SlitgLS4MS7s'01 A-0
•••• •••••
W
&NW
Mil i Mad.
&N W
Mil 4 North. Se«ChM4StP
MU & 8t P. Sm Ch M 4 8t P
Mln & 8t L gn. SeeBGRStti
MlnniStL,— Istg 78.. 19?
Morris
Beglstered
Consol 3d '«'
Registered
OoTd S^i
Registered
84)i'88J<
See Chic
See Chlo
1st cons gold 58
10494 reb.'09
luS)4
103)6
10496 J'ne'9M
113 J'ne'«9
113)6 Apr'99
102)6
10296
Lake Shore 4 Mich South—
Det Mon 4 Tol 1st 7sl906 F-A 122)^
Lake Shore con lBt7sl900 J-J •107)^
77
l«H
80)^ J'ne'99
10^
12Ji
87
1869<
mm
1.
A$k. Low. High. No. Loui.High,
103
08we4R8d gug 58.. 1915 F-A5
Utloa4 BlkBlTgng 48. '22 IMoh4Mal 1st gu g 4s. 1991 M-S
Cart 4 Ad 1st gu g 4s. 1981 J-D
NY4Putlstoongug4s.'9S A-O
N Y4North Istg 5s.. 1987 A-O
135)4
»in«*
Jan.
Last Sate.
'SO.
103)<
W
Ist gn g 5s. '16 A-0
W4 OTRl8tgug58.18
M-N
R
48 118^134
Range
Wetk'i
Range or
108
.
Jan.'98
Mar'98
185
20
.
,
NY
Mob4Blrm
"i
109
188
MU Bl Ry & L 80-yr g Ss. 1926 F-A
Paoiflo
111
108
108
[Vol. LXIX.
Nor 4 Mont
Sale
,.
Mezlnternatlstoo.ig 4s.'77 M-S
Mex Nat 1st gold 6s
1927 J-D
Sd Ino 68 AiCp stmpd. 1917 M-8*
8d Income gold 6s B..1917 An.*
Mex North iBt gold 6s.. 1910 J-D
Registered
lOio J-D
Mich Cent. See
Cent.
M L 8 & W.
9
Jan-'9w
109
97
101
«a« 97H
J-D 122
J-D
M-S 125
Registered
1993 M-S
L«xAT&PFlstgag68.'93 M-S i*20'
Registered
M-S
J. Set
108M
98^
J-D
M-N
M-N
1905
GSXs
1997 J-J
Registered
1997 J-J
Lake Shore col g 3)<8. 1998 F-A
Registered
1998 F-A
Mich Cent ooU g 3)is.. 1998 F-A
Registered
1998 F-A
Harlem Ist 7s
1900 M-N
Registered
1000 M-N
N J Juno R gn 1st 4s 1986 F-A
Registered
1986 F-A
West Shore 1st 4s gu. 3361 J -J
Registered
3361 J-J
Beech Crk 1st gn g 4i. 1936 J-J
Registered
1936 J-J
Sdgugold 5s
1936 J-J
Registered
1936 J-J
Clearfield Bltum Coal Corp
l8t8flntgug4s8erA.'40 J -J
Small bonds series B. .'40 J -J
Gout 4 Oswe Istgu g 5b.'42 J-D
R 4 Og con 1 St ext 5s. '22 A-O*
109
8 106H 109H
107W May'99
IQIH 110!<
99^ lOOH 132 94%100H
48
June
Bid.
(Con.)
Deb g 48 reg... 1890-1905
Debt oerts ext g «i....l905
3
Pric*
Friday,
N YCent
Not' 98
108M
Beffistered
1943
0ol&9thAy 1st gn gSs. 1 993
qnlp&collg
LovB.High.
100
100
1129i J'ne'9«
F-A 122^
.
4s.
g Ss.
1.
109
110
109
Page
(5 pages)
BONDS.
^1
N.Y. STOCK EXCHANGE
Wbek Ending June 30.
.
Metropolitan El. 8e«Maii Ry.
M«t at By gen o tr g Ss. 1997
BwayA7thAvlBtog 88.1943
prices
Registered
109
Man 8 W Colontz g 5s. 1934 J-D
Market 8tC Ry I8tg6s.l913 J -J
MoK'pt&BV. SeePMoKiY
Max Cent oon gold
Jan.
Lcut Sale.
107
107
. .
.
since
..
Naah ADeol8t7B
1900
Blnkf<l(8&A)g 68. ...1910
.
Range
A»h. Low. High
Bid.
(Con.)
St. LoulB Dl V 2d g Si.
bO.
Week't
Range or
•i;^.
Lon & Nash
Mid of N
J
.
,
Ask
J SLEGTRIGt
Eleetrle
Co
1
J
140
c
t
196
196
Thjm HoQitWe
40.
8c.
Oniied BlecXit4P Co cref
Bondd
Stock Exch Woonsocket ;R
Bid.
omntea,
-
do.
1^
.Inr Co.
12
I 8696
104
Bl Co..
1st.
128
t
138
Brooklyn Ferry-Stook
5
36
67
x96
Lt Co 185
Bhode Island Elec ProCo. 117
Kerry Companlea.
38
60
100
Bonds
..
5s
I
Metropolitan Ferry— 6b..
N J 4 y Ferr»— Stock..
38
•«
40
97)6
H8)6 110)6
N
Lst6s 1948
iAna
interest.
J4J {lis
tPrioe per
sb.
115
are
—
July
THE CHRONICLE.- BOND
1,1899.]
Price
Friday,
BONDS.
II.T.STOOK EXCHANOR
Wbbk Enoiko Junk 30.
Junt
Ist g 4^a...l931 J
-J
1931 j-j
Otd3i<gooltrastreg.l937 M-S
4W»at L oon gu g
1940 A-O •117
B«rlMA.
1942 A-0 \1%H Sale
teiiesBgnar
B«rlea Cgau
1942 M-N
Bwlei D 48 guar
1945 M-N
ntta Oln .k St L lit 7s. 1900 F-A
1000 F-A
Begiitered
Pitta Ft
* O lat ?i.lOia J-J
8d7i
1918 J-J
1912 A-O*
8«7i
BtL & P litoong 6S.1932 A-O *134 139
BAgiatered
1932 A-O
OMt * PltUoon t 7b. 1900 M-N 104«
0«iigng4MsMr'aA.1942 J -J *181
Series B.
1942 A-O ni8«
rle A Pitt gn g 8>t(s B.1940 J-J •100
BenesC
1940 J-J •100
BagUtered
PCOA
W
OrBAIezlBtgag4WiB.1941
J-J
68 g 4S.1933
lis
ll3MMar'99
Ist 58
1936 .TCar Cent Ist con g 4s. 1949
Sea A B Bdge. See Bklyn El.
Sod Bay & So Ist g 6b... 1924 J-J
1919
So Car & da iBtg Ss
Southern Pacific Co
let g 6s.l91
Gal Uar 4 S
F-A
lis
107
114
119
Not" 98
Deo '98
105H Apr '99
109M Apr "97
141
105)4
Mar'99
107%
135 J'ne'99
118)4 Apr'07
135
135
Apr '90
108
108
108
Mez&PacdtTl8tg5s.'3l
113M
100
97
••••••
•••••*
90
90?<
99H
94^ May'w9
131
.
101
07
Dec '98
80
100
03)4
188
100
J'ne'99
137
NoT'97
126
100
Apr'99
.
.
1
1st 78.... 1900
Divisional g 5s
1930
Con Ist gSs
1956
aaPacRy Istg 68. ...1922
Knox 4 Ohio Istg 68.1926
Rich 4 Dan con g 68 .1915
BquipBinxrundg 5s.l909
Deb 5b stamped
1937
Virginia Mid gen 5s... 1936
Otd stamped
1936
O4
1st oy gu 48.1934
West N C l8t con g 6b.191 4
NOT'98
W
.
••#•) •••••
S
117
116
latconsolgold 5s
90
00
UBii
IIBM
08
'00
100
loov*
J
90
113
10
1.
£ow.J9l4ril»
•II.. ••••••
10894
108)4111
113
108
110
l03J4Sale
113)4 J'ne'99
J-D
113)4114
110 114
59 100)4 109
110
W
4N
Ala.
L4
N.
Spok Falls4Nor Istg 68.1939
Stat iBl Ry let gn g 4)48.1943
00
Sunb 4
115)4
See
Feb '99
103)4
103%
15 107" il8)4
11!^^
113)4
Ill
May'99 '37 111 118
87)4 90
89%
899i
130)4 Feb.'9n
139
189
130 Jan.'99
113
•118
999i Sale
140
07
Mar'99
105
83
116
83)4 Sale
"so
S3
Dec
106
86
'98
106M Nov'97
59 108 10894
88 100)4 119
113
18*
106
114
lis
182 Apr'99
106W May'99
105)4
Sale
77)4
107)4
10794
100
lOoH
106)4 106)4
100)4
31
20
106
90
88
109)4 112)^
101
'
B T Va 4 Oa
136
100
107>< Oct.'98
181
iinee
Jan,
Ath. Low, High. So.
104MFeb.'98
J-J 100)4
J-J 80
J-J
J-J US
J-J
J-J
J-J
M-S 108)4
M-S
J-J
A-O
J -J
J-J 106J4
118)4
J-J 118
M-N
J -J
J-J
J -J 138)4
M-S 100
A-O 100
M-N
M-N 90
F-A 120
J-J
110
J-J 104
Registered
1094
Mem Dlv Istg 4-4)4-6sl996
Registered
1996
B Ten reor lien g 4-6s.l938
Registered
1938
AlaCen R Istg 6s.. ..1918
Atl 4 Ch Air Line Inc. 1900
Col4Qreenv Ist 5-6s.l918
llSKFeb.'OO
93
Lout Bale.
aO.
108)4
M-N
.
Istgds trreo.'20
June
SabtnedlT Istg 6s.. 1012 M-S
Con gSs
1043 J-J 106 Sale
SoPof Argulstg68.'09-10 J-J( 106
SPof Cal lstg6B. '05-12 A-O 112
Ist con guar g 5b..1937 M-N
Stamped
1905-37 •A N 107)4 Sale
N0T'e7
(•••••
••••••
Range or
10894 Sale
SA4 APa8Sl8tgag48.'48 J-J
Tex4N0 lBt7s
1005 F-A
113)4
Mange
Week's
Price
Friday,
M-N
Hon8&TOlstW4N7B.'08 J-J
lBtg5slnt gtd
1937 J-J
Congeslntgtd
1912 A-O
1921 A-O
aeng4B Intgtd
Morgan'sLa4Tlstg6s.'80 J-J
Ist 7s
1918 A-O
N Y T 4 Mexgu Istg 4s. '1^ A-O
Cal
Ist
Ore 4
gtd g Ss. 1927 J-J
A 4N W Ist gug 58.1941
P Coast iBt ga g 48. .1987
Pacof N Mex iBt g68.'l
South Ry— iBt con g 6s. 1004
Bnn& Lewis iBtg 48. 1936 J-J 108H
P*nMOola&At. Sm LA Nash
Pao Deo&B IstgBstr reo.'20 J -J
99V»
1943 J-J
A West 1st g 4s. 1917 J-J
P M 4 Co certfs
Pitts Y & Ash Ist oon 581927. M-N
1905
S
S
DBRR&Bgel8tga48g.'36 F-A
Pitts
A
3dg7B
13814 141
140)4 140)4
140« May'99
19
4.
J-J
114)4 110
114M Apr*90
lis,*
118«
8^-
Seab4 Roa
NOT'OS
103
Page
(5 pages)
Bid.
114)4 118
118H 116)^
J'ne'99
PRICES
BONDS.
W.Y. STOCK EXOHANOE
Week Ending June 30
108 "May ''07
M-N
M-S
2d g Os tr reo Ist pd..l926 M-N
PCOftHast. SmCO C& StL
P«OAPekCnl8tgds...l921 Q-F
tdgi^s
Feb., 1921 M-N
Pine Creek res guar ds. 1932 J-D
PlttsOinAStL. 8m Penn Co.
POO&StL. SMPennCo.
Pitts GleT&ToUstges.. 1922 A-O
Pitts AOonnellsT. SmB&O.
PlttaFtWACli. Sm Penn Co.
Pltti Jnno 1st g 6s
1922 J-J
PltU* L Brl»-3dg6s .1938 A-01
PltU MoK & To— Istgn 6b.'32 J-J
Sdgnar 68
1934 J-J
MoKee & B V Ist g 68.1918 J-J
PlttsP&Flst g5s
1916 J-J
Pitts ah A L B Ist g 5a. .1940 A-O
Jan. 1
Last Sale.
103
Oonsterlingg Bi
1905 J-J
Oonoorrenor 6g reg...l905 Q-M1
Oong 5s
1919 M-S
Beglstered
1919
Oong 48
1943 ^: N
01 A Mar 1st gn g 4US.1 936 1>I-N
UNJRR&Can gen 48.1944 M-S
rans Dlv
Mince
113Ji J'ne'99
AUegh Val gen gag 4a. 1942 M-8
N A C Bdgegen ga g 4^s.'45 J-J
PtnnRR 1st real
Range
A$k Low. High. No. Low. High
Bid.
PtnnCoKn
bO.
Wtelt't
Range or
J
J-D
Lew— S<« Penn RR.
4 N Y. See DL4W.
,
11.3%NoT'98
111)4
106)4
Bale
U2)4
Mar '99
106X100),
110)4J'ne'90
107)4 110)4'
•••••• ••••'
109)4 J'ne'09
106
10P)i
118)4 Ang'97
118« J'ne'99
106% J'ne'fl9
118)4
118)4
117
123
118
133
5
12C94
12694
Mar'99
100
109
114)4
115
1 133
119
8 183
8
134W May'90
126
117
118M
104X 106%
• • •
100
110
116)4
113H
90
ISOM
130
May'99
130
18?X
no
116^4 J'ne'99
113)4 May'99
90 Feb.'99
HON
i85
100
106
18
109
11««
108
Syra Blng
J'ly'97
J'ne'99
OS
lOOH
82
100
Per
A of
St
L
A-O
F-A
A-O
Ist g 4)48. '39
lBtcongold5s.l894-1944
St L M Bge Ter gu g 5s. 1 930
08)4 100)4
JL
•113
•115
11294 1129i
11294 J'ne'99
114)4 May'99
lOS
IU)4 114)#
OOU'W.
RMdlng Co gen g 4s. . 1 997 J -J 91K Sale on« 91« 364 8614 91M Terre Haute Bleo Hy g 6s.'14 Q-J*
96)4 89)4 Tex 4 N O. See So Pao Co.
RegUtered
5
1997 J -J
89«
1
104
109
•nsselaer & ^ ar. Sm D & U.
Tex4P Ry B dlv Istg 68.1905 M-S 104)4
104)4
104)4
24 100% 116)^
114
iBtgold 6s
WUh 4 Dan. See Soath Rr.
1119*
3000 J-D 114
66
45%
01
108)4
Bio Or West 1st g 48.
1939 J-J 10%^ Sale 101
3d gold Inc. 5s, Deo. .8000 Mch.
5394 Hay'99 "93
102)^ 103
S8% 56%
UUhCent Ist ga g 4s.l9l7 A-01
87)4 88H
6
Ehig trust Co ctf 8
88
55)4 65
87« 88
5SX
10 136)4 13»9#
108)« 104^ Third Av iBtgold Ss
Blo Or Juno Ist ga g Ss. 1939 J -U
104 May'99
1399^
1389*
1937 J-J 129«
104 107)4
73
74<4 Tol4 OC Istg 5b
BloOrSo Ist g 3-48
74
1940 J-J
76
107)« J'ne'99
74)< J'ne'99
1935 J-J 107
108 Deo '98
Booh a, Pltu. See BK P.
West'ndly Ist g 5a... .1935 A-O 103
Borne Wat. A Og S«e N Y Cent.
General gold Ss
1935 J-D
89
80
1
85
SaltLakeClstgsf 68. '03-13 J -J
•• •
Kan 4 M 1st gu g 4s. ..1000 A-O 86
86
88
78
8
• Sl%
84
81
tJo&GIlstg 3-3-48.. 1947 J -J 81M 82
Tol
Peo
J'ne'99
4
Istgold
48.1017
82)4
82)4 88)4
88M
J-J
120
03
Bt L A*T H. See niinolB Cent.
TStL4K0 Istf 6str.l916 J-D
ll99i J'ne'99 "4
., 181
109
00
L * CaU See Mob & Ohio.
Ulster 4 Del 1st og 6s. 1988 J-D 103 106 103)4 103
Bt L & Iron Mount. See M F.
nlon BlST. S«e BUynElev
•••«§!
Bt L K C & N. See Wabash.
Un BI (Ohio) 1st g5s....l945 A-O
Bt 1< M Br. See T RR A of StI.
On Pao— RB 41 g g 4b. 1947 J-J 108)4 Sale 108
lOS'^ Hi 108% 100
10494 108M
BtLASFadgBsClA ..1006 M-N U3H,
112M 116
Registered
108 J'ne'99
1947 J-J
1139i May'99
BdgOldOs OlassB
lli)4 114)4 nnlNJRR40 0o. SeePaRR
114 J'ne'09
1006 M-N 113T<
Bd gold 6s aassO
115
1906 M-N llSJi
113)4
Dtah Central. See Rio G
113M J'ne'99
1ft g 6b PieroeCA0..1919 F-A
Otah 4 North. See Ore 8 L.
Seneral gold es
1931 J-J li6
137
136]4
186M 10 188 136M Dtlca4BlackR. See NY Cent
General gold 5b
1931 J-J 118^ Sale 118
IISM 80 107 U8)4 Ver Val Ind 4 W. See Mo P.
1st trust gold 6s
1987 A-O '108
100)4 105>,
101 J'ne'99
IrglnlaMld. See South Ry.
11794
11 113
PtB&VBBdgl8tg6s.l910 A-O
106
RRCo Istg 6s.. 1939 M-^ 117 Bale 117
OCU'97
117)4
101
94
42
KaoaasMld 1st g 4s... 1937 J-D
8dgold 5s
1030 F-A lul Sale
90% 101
BtLASF RRg4s....l99e J-J •88« 00 88 J'ne'99
80
88
Debenture series A.. 1930 J-J
33
88)4
368
Boxkthw DtT iBtg 68... 1947 A-O •lou
08 108
S4)4 Sale
33
101 J'ne'99
Series B.
1039 J-J
34H
1 L06)4 111
BtL So. See Illlnots Cent.
Istg 5s Det 4 Oh Ext. 1941 J-J 110)4 111)4 11U94
11094
IU9M 113M
l8tg4sbdof8.1989 M-N
ItLS
BtCfhas Bridge l8tg6B.1908 A-O 109)4 ....
110 May'99
OSJi 1600
84M 07
96H Sale 98H
Bd g 48 Ino bond otfB. 1989 J-JS
S8^ Sale
5SH 1689 40M 9894 Warren RR. See Del L 4
66H
it Paul City Cab. o g Ss 1 987 J-J 108H
108 108)« Wash 04 W. See Southern
lOb^ Mar'99
108)4 118
Guaranteed gold 58...1987 J-J
West NY4Pa—lstg5s. 1937 J -J 1171.^ Sale 11694 117M
64
709<
6v94
•tPaul A Duluth 1st 5S.1931 F-A 130
180 133)4
aeng8-4s
180 Feb '09
1943 A-O
7^94
70h Sale
1494 84)4
»d6s
1917 A-O 113 115
113 116
Income 5a....Aprll, 1943 Not.
113 J'ne'99
82)4 ^3)4 84)4 J'nef 9
1st CO R 48
108
1968 J-D
99 lOOH 100 J'ne'99
100
West No Car. See South Ry.
BtPaulM AM 3d 68.... 1909 A-O lai
131
124)4 Western Pao.
183 J'ne'99
See Cent Pac.
Dakota ext gold 6s... .1910 M-N 133
132)4 186H W ChlcSt40-yrlstcur58.'28 M-N
189)^ J'ne'99
latconsolgold 6s
1933 J-J 146
146)4
138)4
40-year
oon
00 Deo '07
6s
1036 M-N
g
148H I46J^
Registered
1 938 J-J
137M Feb '99
137H 13794 West Shore. See N Y Cent.
Reduced to gold 4^8 1 933 J -J 119M 119^ 119M iiejig
Ua>4 119)4 W Va4Pltt8. See B 4 0.
118
113
Registered
1938 J-J
VaCent4P Istg 68.1011 J-J
113 Jan.'99
Mar'U?
in9)4
104
M ont Bzt Ist gold 4s .. 1 937 J-D ioe" !!!! 106)t
108 May'99
109
104)4 108)4 Wheeling 4 L B Ist g 68.1026 A-O 100
110
109M
106)4 105)4
Registered
19S7 J-D
Trust Co oertiacates.
104 Jan.'99
104 104
105)4 Apr'99
96
9»«
MlnnDnlon 1st g 6s... 1923 J-J
Wheel Dlv let gold 5a.l088 J-J 100 101
96 Apr'99
li9H Jan.'98
Monte Ist guges.... 1937 J-J 137
Bxten 4 Imp gold 5s. 1030 F-A
93)4 Mar '98
134)4 137)4
04
137XJne'99
BeglsUred
1937 J-J
WUkes 4 Bast. See N Y S 4
•••
116 Apr'97
.
.
.
.
.
St.
,
* •
W
t
W
Wab
. .
W
.
W
.
.
W
W
.
• •
1st guar gold 6s
1937
1937
Beglstered
lstdlTlstg5s.,.ie08
Beglstered
1908
i
BM
NordlT iBtg
J-J
J-J
A-O
183
U7«
111
llOH Apr'99
A- O
117«
10 113)4
i'l^Ji
lOH
113)4
I
Registered
Istg 5s. ...1038
Beglstered
1938
tP*NorPao. SeeNorPao
J- D
J- D
Apr '00
ISO
115
A & A P.
W
g5s...l9ie J -J
let con g 6s. 1984 A1934 A- o
0
107
106)4 May'OO
187"
'.'.'.'.'.
lOOX
104M
118
•
Boloto Val &
N B. SeeNorAW
*Mc price Friday;
latest bid
and asked
Bid.
70
Bonds Ss of 1932.M4N i 98
Boboken—Stock
58
1st Ss
112
Con. Ss
S B Trans 4 Ferry
Bonds Ssof 1906. M4N
10th 4 23d Sts Ferry
5s 1919..
.
{
Oot.'07
Oot.'97
118
Mar'OO
this week,
36
87
89
J4D no6
t
Dae Jone^
Detroit City Gas g Ss . . 1 923
Oet Gas Co con 1st g Ss. 1018
185)4
tune j my.
(Given at foot of
Bid.
Amalgam'd Copn«r(w.
100
114
05)4
N Y4
mort
95
Ask.
H Y 4 B R Ferry—Stock.
1st
OAS 4 HLBCTRIC LIGHT BON
G L Co let g 6s.l947 J -D
J-J
M-N
ChGL4CCo. SeePG4CCo
ColumbasGas Istg Ss.. 1933 J-J
Oon Gas Co. SeePG4CCo.
. .
.
OUTSIDE SECURITIES
Ferry Companlee.
1937 A-bi
Bos U Gas tr ctf B s f g58..'39
106)4 Bklyn U GaB Ist oong Ss.. '45
See So Pao. Co.
&NP Istsf
BaT F 4
Istg 5s
180
30
91
98
106
Onion Fenr- Stock
41
43
IstSB 1920
M4N «102)4 106
{Buyer pays accrued In tore St.
t Price per share.
93H
1.)
Am Aprlcultur Chemloa".
Preferred
Amer Air Powof N Y.lOO
Vmerlo'n Axe 4 Tool .100
Amer Bank Note Co... 50
t
American Beet Sugar....
7
Ask.
9«)4
24
77)4
26
79
78
80
48
79)4
31
61
33
34
79^ 81
Foundry— See StkEi Hat
60
54
Amer.Caramel- Common
Preferred
Am Car 4
98
102
Preferred
Amer Press Assoc'n. .100
American Screw
350
t
100
106
800
a
liae Marou.
34
Noy'07
118
77
7«)4
J'ne'99
6)4
76)4 Sale
certlfloates.
Atlanta
PAS'zCltT.SeeCStPMAO
B Fe Pros & Pb iBtg 58.1942 M- S 106
Bt
r
Bngraved trust
InoomeSa.
1940 A- O
1940 A -0
4s.
WIU&SF
S
8
4 Sioux F. See St P M 4 M
Winona 4 St P. See C 4 N W
WU0entCol8ttrg5s ..1937 J-J
Wll
iLtaeJan.
ooksecutivb
J
F-A
OB.
Bid.
6
Ist preferred
100
8d preferred
100
\mer Smelt 4 Refl'g— See
Amer Steel Hoop 5eeSto
American Surety
60
Am Typefo'rs— Stock. 100
Amer Sewing Machines
Amer Strawboard....lOO
45
1
Ask.
10
SO
18
SaSH
t
51
Bonds 68
F4A
Amer. Woolen subs
amer Wringer com... 100 106
Pref
117
106
100
107
06)4 1089*
13
101
06
.^These are opttoa aale«i
MISCELL'S,
<6
MIecellaneone. Par.
\mer Grapnopndue.. .lu
.
10
Preferred
Vnderson (John) Tob;100
Automatic Vending... 10
Bid
t
t
Common
let Bs
Black well
8
Br— See
Phi
Dnrh Tob.25
aUss Company—Com.. 50
50
Preferred
1.7
Lllf*.
1
9)4
t ie<
r
t
14
18
34
90
105
J4J
*Bk,
'*"
2)4
t
100
100
Preferred
r-M
13^
IP
3amey 4 Sm Car68 1942
Bergn 4 Bng
a
29
•••»•
!•#••'
U6M180
101
100)4
101 Apr'99
00)4 Bale
10
Stk B xllst.
ok Ex. LlBt.
48
mil
019gOot.'98
118)4
118)4 118
PAQ^3).—FERRr
MIecellaneoue. Par.
.
••••ta •••••
aa« Not.
i
Am SodaFonn —Com. 100
—
J-
78
58
3
'
r»
%
„
20
9)*
I
THE CHRONICLE-BOND
20
BONDS.
STOCK EXCHANGE
Wbek Ending June 30
Price
Friday,
5'8
W. Y.
June
Bid.
M-8 M10«
m ni l8t conv K 5a. .1910
1995 J-J 125^
«d
litoongSs
Brooklyn igtgSs
1940
Betrlstered
1930
Vl8tcongS8..'82
iBtcong 48
aqGasLN
tdOSt Fuel. Se« P G & C
«3«n Kleo Co deb g 58... 1922
dl BapGLCo IstK 58..iei5
Co.
A-O lUH
A-O
J -J 98
M-3
J-D
F-A
A-O
KC Mo Gas Co istg 59.1922
Q-Ft
Ss'
1
Lao Gas-L Co of StLletg
1919 Q-Fi
8maU boud8
Mnt Fnel Gas Co See PeopGas
Peo Gas & C iBtgn « 8b. .1904 M-N
J-D
A-O
M-8
M-8
1904
1943
1947
1947
2d gtd g6s
lit consol K 68
SemndlnggSs
Registered
119
118
1099^
109H
High. Yo.
ll1^
Week Ending June
Low
Higfil
110
118^!
J'ne'99
130^124
May'99
111
ibeji ill""
109M Apr'99
109M
107H 107H
10 183
127H
i06*
IDS
Dec '98
May'99
lUM Apr99
107H 105H May'99
107H Apr'9y
101 Mar'98
107 Sale
*105Ji
. .
AmDk&ImpSs. Se«CenNJ
Spirits Mfg iBtg 68.1915 M-N
A 8 Car Co l8t g 6s. 1942 J-J
Bar
k'n W & W H Istg 58. 1945 F-A
Coal Mln. See T C I & R.
Cah
hlo Jc & StYd col g 58.1915 J-J
Non-cnm. IncomeB 5b.1907 J-J
Clearf Bit Coal. See NYC AU
Ool C4I lBtcong88...1900 F-A
91
jLm
Sale
Vi' Sale
106H
lOG
U.
8
U8
U8
O8
U8
U8
U8
U8
U8
"Vi"
104H 107
107
J'ne'99
106
37
91
90
36M 94H
sin
"5
"fJi"
108!4
i09MFeb'97
*101
100
I
.
Col Fuel Co gen gold 68.1919
Col F & I Co gen 8 f g 5b. 1948
Com Cable Co iBtg 4a... 2397
2397
BeglBtered
103
91H
19
21
111
L&Ig Ss
99
70
.
17« 23%
11
19H
110
110
Jan.'99
Aag'97
J'ne'99
May'97
May'97
93
80
98
103
112
100^ 108
102
11S!4
103
103
4s
Chesebrough Mfg Co. 100
(HB)-lstpref.lOO
100
8d preferred
Cloflln
60
68
65
14
16
60
30
65
35
91
1
10
65
340
98
100
17%
75
350
Commoc— -See St. Ex. list
75
76%
Clark Mile End Thr'd.lOO
100 119
Collins Co
60
55
Consolld Car Heating. 100
6
15
Consol Firew'ks-Com.lOO
65
100
75
Preferred
Ref.25
Smelt
27%
A
t
Con Kan C
20
Consol Rolling Stock. 100
Cont. Tobac. Co—Se* Stoc kBx. Ust.
85
90
Cramps' 8h A Bu Eldg. 100
Diamond Match Co ... 100 146%
18
44
101
113
Electric Boat
Prof erred
Electric Vehicle
ii^eterred
Bppens Sm A Wtem..lOO
Eastman Kodak Co... 100 100
Brie
A W»stem Trans. 50 t 45
A Casualty... IOC 350
A Dep (Balt)..50 t207
Fidelity
Fidelity
General Carrlaae Co...
aorm»Ti Am Real KeUlOO
CFoodyear Shoe Machine
Uujuaiii
100
1 00
Oreat Falls Ice
Hartford Carpet Co.. 100
Havana Commercial..,
Preferred
Heck-Jones-J MU!-Pf.l0<i
MAt
1st 68 1922
Her'g-Hall-Mar(a3st p'd)
Preferred (aset p'd) 100
Hoboken Land A Imp't
Preferred
58
International Blevat. 10(
International Navlg..lOC
tntemat. Paper— See St'h
Bonds 6b
Intereatlonal Power
Do
Do
46
105
118
80
110
46
3"l"6"
36
X49H
50
100
i"l8k
175
65
28
67
29
68
45
88
50
lOO
6
16
108
106
90
108
112
108
95
105
104J< 107
110
Sale
105
J'ne'99
109^
liu
105
106
lC6Ji
I
107
(Given at foot of
Bid
145
65
MlseellaneonB. Par.
Lawyers' Title Ins .... 100
Liberty Silk Mills
100
Preferred
100
Lorlllard (P)— Pref... 100
Madison Sq G Stock.100
2d 68 1919
MAN
Maine 8 S
50
Merch A Miners' 8 8.... 50
Mich-P Car l8t58'42MAS
Minneapolis Brew Ist 7b.
100
Mosler Safe Co
Monongahela Water... 25
Nat Biscuit— See Stock Bi
Nation al Casket Co ... 1
Nat'l Gramophone.... 100
National Saw— Pref.. 100
National Salt
Preferred
National Surety
100
National Wall Paper. 100
N. E. Elec. V* h. Tr ans ....
N Y Loan A Imp
100
N y Biscuit 6s 1911. MAS
New Jer Zinc A Iron. .100
N Y Air Brake— S«« N Y 8
N. Y. El Veh. Transp.lOO
Nicholson File Co
50
Nicaragua Construct. 100
Otis Elevator Com...
Preferred
118
—
t
25
20
t
60
103
Ask
165
90
list.
S
100
8S
35
Keity Distllrs 4War,«nBe
16H 17
Preferred
56% 57%
Knlokerb'r Ice(Chlc)-Se< StBz List.
Knickerb Ice— Bonds Ss
too
100 105
LaTT^ra' Surety
2314
36
101%
HOW
-
54
J'ne'99
103J< J'ne'99
101
Ill3
96
10( }i
116
119V«
lOSK 107^
M»r u
105
108>t
118
110
i'liii
110
110
lis
J'ne'09
J'ne'99
(For daily record see seventh v»
101
99 Feb.'9K
108
108'.< 108J<
10-H
109 Sale lOHi^
1(9
Q-J+ 112V< 113
112^
CJ-J1
114V< I13H
114st
Q-F 189^ 18)H 130?^ May'flP
Q-F I29s4 lao^ 130^4 J'ne'99
112»4 ii:)
112HMay'9»
112M 113 113 J'ne'99
nan
US^
reeedino.')
ice
Aug'W^
118
110
Nov'98
Apr'99
114
188
188
130H
131
110
lis
Sep.'9h
Nov'98
10894 110
109!^ Feb.'9
109H ioe)«
104
108
Apr'9rt
108
127
128
Feb.'9r
'"99"
98
90
86
'
J-J
J-J
J-J
105
108
104
ill
111«118H
111«118«
1135< J'ne'99
110
100
100
99H
99
106^ 1C9M
106H 109H
"i
23
Q-F
Q-F
112
109^
102^ May'99
y-M
'
"9"3J<
8
108
96^ 99
31
05
96
Feb 99
855iJ'ne' 99
95
SH
68H 87
J'ne'99
63^
lOOH
101^
mtg (when
87X 88
iss'd).
102
98
issued)
|
consecutive pages).
MIseellaneous.
i
Snsq Coal 68 lull.
Tennessee Copper
Par.
Bid.
.JAJ
120
19
Texas A
106
42
Paclflo Coal. 100
AAO
1st 68 1908
Title Guar A Trust ..100
Trenton Pott— Com.. 100
Preferred
100
Trow Directory-New. 100
Union Steel&Ch aln
Preferred
T
—BANKS
19%
94
85
98W
S5H
84^
9«%
?5
U
45
55
60
65
a,
88
84H 87
93%
Par. Bid,
s gnai.oo t 40
50 t 61
2d preferred
Pneum. Horse Coll.. 1
Wagner Palace Car... 100
U.S.
63%
32% 38%
8 Glass— Common..l00
100
Preferred
100
U S Projectile Co
27% 28%
67% 68^
Aik.
41
23
117
120
32
115
117
100
100
1st preferred
«107%
11
98
85
m7
35
253
& MISCELU8.
Preferred
65
7
KSH
100% lOSjJ
2^
Union Typewr—Com.lOO
18
70
405
5
66
108
Union 8witcn
395
99
71
64
10C%
94^ 96J4
86M 89W
MlBcellanroua.
A8>.
Ist 6s
143
4 23
91
95^
S le
Due August. aThese are option salet.
95
Bonds due January.
123
5
36
80
90
t
179
H
181«
Westlngh Air Brake... SO t21-% 920
Wisc^nCeritral '«— .^^eSt ockEi
list.
List.
45
82
48
T9
15J
70
12%
SO
116
124
•••
•
84
25
50
90
80
13%
118
130
tockB xch.
26J,
t
«6%|
25
10
82
32%
88% 90
Park Steel
109
113
Peck, Stow A Wilcox.. 25 t 28
Pegamoid, pref. ......100
38
40
Pennsylvania Coal
50 360
Penn. Water— Com.... 50 t 5
6
Phil A Wll Steamboat. 50 t 66
70!,<
Planters' C mpress
50
eo
Pneumatic GuaCar'ge.10 fas
Pratt A Whltn—Com..lOO
4% 8
Preferred
100
40
50
Pressed Steel Car— See St ockEx list.
Preferred— See Stock E xch. 11 St.
Procter A Gamble.
375
379
1 OU
Preferred
100 190
3C0
Republic Iron A Steel....
16H 17
Preferred
60V^ 61
R.I. Perkins Horse Sh. 1 00
25
Preferred
100
71
80
Roy Bak Pow pf
99
«9?<
. . .
24^
25h
•
Standard Oil
100 463
465
StamDist. ADia Se« Sto Ok Ex. Llflt.
Stand Und'rg'dCable.lOO 215
330
Sl08sIASlBt68l917.FAA 105
Southern Cotton Oil. .60 t 60
62
StatlalRT Istes'lSAAO 107
8d 58 1926
JAJ
06
Still w-Blerce A Sm-V.lOO
06
98
Swift A Co
100 101
102
lit 68
U08 109
« • • •
,
Dae April.
Term Wareh— Stock. .100
105
t
I
b8
86
841.^
iss.
H
95K
83
101%
Salo
98>i
Sale
85H
I)
iU>
lO'J
'OlJi
94>i
9S^
95
Apr'99
100
Sale
Sale
68
68
06
63
63
i.).
185
105
,
—
7
Preferred
78% 79
RuBsell A Brwln.
35 t 06
• • •
Safety Car Heat A Lt.l00 140
150
Schwarzchlld A Bnlzb.lOO
48
45
Semet-Solvay deb Ss
101
103
Simmons H'rdw-Com.100 153 160
Preferred
100
180
Singer Mfg Co
100 610
330
69
84H 90H
25
117
(when l8B).1948
dir. 3}4*. (w.
(
Due May.
Rubber Goods Mfg
do
65
102
do bonds. 1101
100
Iron Steamboat.
6%
50
60
et 1901
JAJ
75
John B Stetson—Com. 100
Preferred
100 116
Preferred
t
list.
21
68
Bzch.
66
pref.
Jonmeay A Bumham. 1 00
Due July
113
.
'97
85i<
85
(wi).193S
8ou.Pao.col.tr. 4s (when
WiscCealBt 48 (wl)
Bzch
76
25
Feb
85
35
T
J-D
A-O
J-J
J-D
W 8 Bl(Cdlc> st 48 1938
St L I M A So new 30 y 4s w
••••• •t««ai
il8
Intemat'l Pump—Com
Preferred
tntemat Sliver— S«« Stk.
.
'io
33
33
Mig Co-Com.100
1918
1918
1907
1907
1925
1925
1904
1904
Cen.PHC.M.31^8 (when
104
100
75
.
'
f7
85
Ss
4s
Ist niort 48
Ist
nUacellaneona. Par, Bid. Ask
Bond A Mort Guar. 100 285
Vio" iVo"
101
8A
Metr
OUTSIDE SECURITIES
Low High
Atch Col A Pac «B tr ctf s ....
Atch J Co A West 8s tr ctfs.
101
96
108
T
High.
UNLISTED BONDS.
Feb '90
Wat Co g e9..ie89-19 M-N
No price Friday; these are latest bid and asked thiB week.
.
Optional
Virginia fund debt 3-38.1991
Registered
6s deferred certfs
p3or1a
.
B
So West.
*OntLandl8tg6B.1910 F-A
NoWestn Teleg. See West.Un.
Carter-Crume— Pref 100
100
CeUuiold Co
Cent America Tr'nfllt.100
Flrew'rka—
Com.100
Ctent
100
Preferred
Chateaugay OreA Ir 69 1
Ches A O Grain Bl—Inc.
GOV. SECURITIES.
2s registered
38 registered
38 coupon
4s registered
48 coupon
4s registered
4s coupon
5b registered
Ss coupon
B AOprlien S^b
V
.
F-
.
SmaU
99
99
Apr '97
107
1.
iVo" May'99
Ask. Low.
J- D
J- J
M-
Tenn—New settlem't 38.19 IS J-J
Jan.'99
I12)t 113
since
Jan.
Last Sale.
30.
M--N
J- J
1906 J-J
C
1906 J-J
Currency funding 4s. ..1920 J -J
DIst of Columblar-3-658.1934 F-A
Louisiana— New con 48..1914 J-J
Small
Missouri— Funding. ..1894-95 J-J
Norta Car- Consol 48...1910 J-J
Small
J-J
8b
1919 A-O
So Carolina— 4i^s 80-40.1938 J-J
90W
8«
95HJan.'97
iBtsf g6B...1931 M-S
1910 M-N
1910 J-J
111 Steel Co deb 6s
I Non-eonv deben 58. .19l:-t A-O
Iron Steamboat Co 68... 1901 J-J
tnt'l Paper Co l«tcong68.'l»- F-A
JeffA Clear O & I Ist g 5b 1 926 J-D
1926 J-D
SdgSa
Knlck Ice (Chic) Istg 58. 1 928 A-O
T&Tlstsf g 5a.l918 [I-N
MetRegistered
1918 M-N
Mich Pen Car Co let g 5b. '42 M-8
Mat Un Tel Co. 3ef Wn Un.
StarchMfg Col 6tg6s'20 M-N
Natwpt
News SAD D 58. 1990 J-Jt
N T A N J Tel gen g 58 oy .'20 M-N
N
19
110
HendBCo
Hoboken
S.
Class
Class
Nov'98
9"!^
9'H
103J4 NoT'9e
104 Feb.'98
DeBardelC&I. SeeHC&l.
el & H Can. See RR bond*
D«t M&M Id gr 3^s 8 A.191 A-O
neT4Tcoltrg8f59...192« J-J
OrBlvCoal&Clstg68.191« A-O
Hack Wat Reor 1st g 5b. 1926 J-J
Range
Week's
Range or
Small
M-N
F-A
LXIX.
>i( 14<
STATE SECURITIES.
Alabama—Class A 4 to S. 1906 J-J
101
100
J'ne'99
Bev Co gu g 58. 1909 J-J
Conpon off
Col C &
June
«
De BarC ilCogug Ps.'lO F-A
USEnTelCo Istsfges 1918 J -31
V 8 Lieath Cos f deb g68.'13 1>1-N
West Union deb 78. .1875-00 M-N
Registered
1875-1900 M-N
Debenture 78.
1884-1900 M-N
Registered
1884-1900 M-N
1095i lis
Col
trust
lllM
cur
Ss
1938 J-J
107H
Mnt Dn Tel s f'd 68... 1911 M-N
105}^ 107}^
Northwestern Tel 78.... '04 J-J
105
107H
Wh L K A P C Co Ist g 5s.'19 J-J
D8.
94i^ M-8
AdamsKx— Col trg 48.11900
Qn-F
m Cot OH deb g Ss.
30.
[Vol.
109}^
107V« Feb '99
127V4
127HJ
114H 113
s.
Bid.
;20>ft
109H
2
S'
PI Valley Coal lBtg6a..l920
Procter & Gamb Ist g 6s. .'40
St L Ter Cupples Station &
PropCo Istg 4^8 5-20 yT'17
S Tuba Wat Co con g 68. .'23
8p Val Wat Works Ist 6s. '06
Stan Rope&T Istg 68.. 1946
Income g Ss
1946
Sun Ok Coal iBtg sf 68..1912
Tenn Coal T Dlv Ist g 68.1917
Blrm Dlv 1st con 88. .. 1917
Cah C M Co 1st gu g 6s..'22
111
109
J'ne'99
t^
•»>
5.
Price
Friday,
5 -e
N. Y. STOCK EXCHANGE
.
M-N
BOSCKLLANBODB BON
111^
184
111
Page
(5 pages)
BONDS.
8i7ice
Jan. 1.
-^^
Last Sale.
106
Q& FCh l8tgug6s.'05 J-J
q
Md Fuel Gas Istgug 5.1947 M-N
ool tr g 5s...'33
Range
Week's
Range or
Ask. Lout.
127},JSale
Oh G-L&Cke Istgng 5s'37 J -J •112
Oon G Co of Chlstgu g 58'36 .I-D
Weitn Gas Co
30.
prices
Banks.
Bid.
Banks.
Ask.
Broker'' Qu otafi ons.
N. Y. CIT^.
Brokers'
Continental
Corn Exch*.
Bast River.
11th Ward*
Fifth Ave*.
Fifth
128
First
First (8t Isl
14th Street*
Fourth
370K.
las
165
2750
336
3U00
1-15
180
Franklin....
Gallatin
GanBevoort*
German Am"
German Bx*
U8%
24
380
Germanla*.
Greenwich*.. 165
Hamilton*... 135
t735
Hanover
Hide A L'ath 117
100
Home*
Imp A Trad 585
Irving
165
Leather Mfr
ijeo
•
Pacific*
171)
Park
508%
Peoples'*
200
Sprague
36th Ward*. 140
120
Union*
Wallabout*.. 105
(Job.
N. Y. CITY.
Dep A L.
Atlantic Tr. 210
Central Tr'st. 1980
t
City Trust.
Colonial
,
165
t •
Continental
FarmLnATr
Fifth Ave Tr
Guaranty Tr
• t
State*
State of
83
885
550
160
tl04
Knick'rb'ck'r
•
* •
Manhattan..
t
33d Ward*.
..
130
iOO
300
310
West Side*.. 300
810
Western
YorkviUe*.. 800
Union
Sq*....
BR'KLYN.
Bedford*.... 315
Mech A Tra*
190
190
Broadway*
Brooklyn* ... 100
8th Ward*...
5th Ave*.... 104
300
130
95
107
300
90
100
.
First
Qer Amer*..
115
us"
300
416
830
435
•
• • • •
306
1435 i'4'56'
365
666*"
60
360
3S0
I
North Amer.
Produce Ex 230 840
Real Est Tr't 300
SUndardTr't 320
State Trust. 100
Union Trust. 1350 1450
U 8 Mtg A Tr. 460
Cn'.i. States. ;636
Washington 310 336
330
,
550
t
145
.
Union.
t
i70
• t •
Mercantile
Metropolitan 390
N Y L I A Tr 1483
N Y Sec A Tr 575
NY* 1284 130
13th Ward*.
.
Consolidat'd.
Riverside*... 190
Seaboard ....
Second
Seventh
Shoe A Le'th
•
345
176
105
150
Am
Plaza*
....
Aik.
Truai
95
....
Phenix
;
335
760
••!
Manhattan* 350
Market A Ful t240
315
Mechanics'. 300
.
152!^
Amst.*.. 40.i
1 9th Ward*.. 100
90
Ninth
North Amer 180
^00
Oriental*
270
330
160
People's* ... 190
Scherm'rh'n* 140
17th Ward* 106
300
tiia
400
ProdBxch*.. 122
...
3100 Republic .... 190 200
• • « •
Liberty
Lincoln
Mercantile
145
!<ew
ISOr
Garfield
135
Nassau
Nat City
North Side*.
NewYork Co. 1500
N Y Nat Ex.. 116
....
New York... 245 355
320
....
. .
Mutual*
Nassau*
•
a48^
Merchants'.. 175
Metropolis*. 410
Mt Morris*. 335
Bid.
Brakers' Qw otati ms.
Mech A Tra*. 350 860
otati ons.
Merch Bxcn. 120
America*... 415
Am Exch.... 176
Astor
400
Bowery*
290
310
Broadway.... 335
....
Butch'sADr.. 74
Central
tl84
«00
Chase
Chatham .... 310
....
4100
Chemical
..
143
Citizens'
City
••
3C50
Colonial* ... 240
Columbia*.. 160
Commerce..
Banks.
Ask.
Bid.
Qu
Hamilton*... 106
Kings Co*.... 100
Mannfaot'rs. 360
Mechanics*.. 313
BRKLYN.
410
305
365
360
W52
SCO
75
300
PnoDle's...
Willi msb'gh 895
asterisk (*) are State banks.
•
Banks marked with a
{
t
Purchaser also pays accrued Interest.
Sale at Stook Bxofaange or at auction this week.
Brooklyn Tr.
Franklin ....
Hamilton...
Kings Co....
L Isi L. A Tr
Manaiaot'rs
Nassau
t
. . t
Prtov per ehara.
ft
July
THK CHRONICLE
Baltinnore Stoc k Exchanges — A
1899.]
l,
Boston, Philadelohia and
t^y Share Prices— Not Per Centam
.
Monday
Saturday,
June
June 2G
24.
Tuesday,
June
27.
Prices.
Wednesday Thursday,
June 28. June 29.
2L
Sales
ACTIVE STOCKS.
Friday.
June
of the Range of Sale* in 1899.
Week.
Shares
Lowest.
Highest.
H Indloates unlisted.
30.
Reco rd.
Daily and Yearly
Railroad Stocks.
260
260
106
*i35
107J4
240
•192^
«3im3'i)4
lt6« 146H
i27J^
i'iili
*3eM
37
46^ 46^
60
60^
*116H 117
96)4
26W
14*....!:
'47" "47^
76M
7eu
•202^
373
108
240
193
267
107
203
203
65)^
9P?4
10 1-16 10)6 10 1-16
a
30)6
17« 17?^ 17)i
89^ 40)4 41
7194 759<
76X
4 IX
<IH 42
18X
845
94
280
203
66
65)6
»9«
99% 100
66)6
3 16 10 1-16 10)6
3 96 30 1-16 9 18
B-ltt
42
T7H
41Ji,
17X
1796
41)6
77)6
41)i
42
87H
37)6
7796
4196
18>»
94)6
•
203
110)6
95
95
349
849 350
1509^ 152^ 152)^ 154<< 1619^154)6
118 118)t 118M WO^ 118 118)6
336 340 335 338 •335 345
•72
76
•74
77
77
•750 795
795 795
785 786
347
20)^
847
iOM.
20)6
61M 62
53X 54)4
130 133H
•6194
53*<
20)^
"52)^ "SS*"
20)i
20M
62)6
5496
182)6 132)6
180
180
94)< 97
'43h"43H
16
16
'37" "si"
46^
46
42
1«
50
*
43
1«
51
Bid and
273
275
HI
270
275
270
HO
111
240
274
108
109)4
•238 240
•236
835
210 238
23S
195
195
195 195
193
195)6 193
193)< 195
133 1339g 13294 13496 134)6 135
131)4 135)6 134)6 13894
•145 148
•145)6 147
14»i
14U 146
146
145)6 146
•132
•132
•130
131
131
131 131
128 128H 12996 130
37
37
38
3894
39)4 41
3^9< 88
3894 39)4
47
47
47
47
47
47)4 •46)6 47
489i 4«9<
•61
61
61
60
60
61)6
•
117 •!!!!! ii7" 117 117
i'im 117*' Xll4)6115
•
30 35
31
31
35
....
•91
91
93
91
98)^ •91
58 65 58 69
27
2844
26«
28)6
27)^
27)6 2T>6
27)6
27M
28?i
»13
13 IS14 13)6 13)» "93"
13
13
13)6
93
•92
'tis"
"49
"4896
4894
48>i< 48)^
4896 48)6
14
48X 46X 48)4
•7fl« 77
77)6 7794
77% 77%
77)4 77)6 •77)^ 78
tun 65H
99« 99«
9SM
273
108
•335
"o6*'io6)<
203
68)6
9994
10)6
30 9-16
17)6
4296
77)6
41)6
1896
37X
94
849)6 350
153)6 155
841
118
335
780
135
139
98
135
139
100
43)6
37;;
2a)4
16X
38
38
239<
28Ji
23)6
38)4
23>6
"37)6
23)4
4S)^
42>6
48)6
42)4
46
48
166
46
4))6
42)6
48)<^
•IH
196
•IX
<X
Mked prices'
NACTIVE STOCKS
139
Bid.
RAILROADS.— Pr»«e« June
At Top* 8 Fe.. (Best) 100 19)4
4tl & Charlotte(Balt) 100 187
Boa & Maine pf.(Bost) IOC
M
KC
'
WU
MI8CBLLANBOD8.
8
W)4
13)4
2
31
33)6
8)6
1394
2(4
82
34
1
1>6
»
•••
170
4)6
44%
Canton Co
(Bait) 100
80
Centen Mining. (Bost) 25
8S)4 3594
Daylight Prlsm.(PhU) 60
8694 38
Domln CoaipI.(Bost)100 116 117
Hdlson Bl 111.
100 202
BleoCoof AmT.(PhU) 50
"
100
Meotroz Com'l! "
60
Pranklin Mln'g. (Bost) 85
Seneral Bleot. . "
100
1894
Bleot Vehicle!.
"
Pref
100
OenKJ Auto-M!(PhU) 60
IntBatH43M(Bust) 10
"
laleBoyale!....
85
Marsden pref! (PhU) 100
Mergenthaler (Bost)lOO
Hex Telephone "
10
WoAmQDredg "
10
. .
19
19)6
117)6 118
140
142
8)6
58)4
"3794 "37«4
2396 2314
1661,6 168)6
4596 4596
42)6 42)6
46\4
42)6
196
1)6
196
•49)4
50)6
3
43
44
304
805
4
87
"
Preferred!
"
Boston & Montana.
.,
"
Butte & Boston
,
Calumet 4 Hecla
"
2194 Cambria Steel (f ISO paid) (Phlla.)
"
Coal
53
50
Winona Miniug(Bo8t) 85
Wolverine Min.
"
WoUaston
"
L'd.
14
44)6
25
Bonds— Boston.
B 4 M 3d is 78.'02-07 M&N
14)6
45
IH
1
6
AmBeilTel48..1908 J4J
A T&S F gen g 48. "95 A&O
Adjustment g 48.. 1995
103)4
102)4
84)4 84)6
il03
103
{
Bo8UnGa8l8t5s.'39J4J
2dM58
1939 J4J
Bur4 Mo Rlv ex'pt Os. J4J
Non-exempt 68. '18 J4J
Plain 48
1910 J4J
Ch Bur4 N 1st 5s.'26 A40
1918
J4D
87
{ 60
{130
{107
1
Chi
4 W M gen 5b.'21 J4D
DGR4Wl8t48.'46 A&O
DominCoal l8t68.'13M4S
M 68 g.'06 M&S
ll05
{100
106
102
* •
•••
115«
{
94
98)6 100
•
95)4
{
{
3
70
9t;
{118
Fr Elk&M V 1st 6s '33 end {140
Unst'p'd l8t 63.'33 A&O {133
nUn Steel oonv 58. '10 J&J {
98)6
111
120
106
Debenture 5s.l913A&0 {101)6 102
76
Sl8t5sg.'25 A&O {
KCFtS&Gl8t78.'08J&D {114
K C F S&Mcon 68.'28M&N { 97
K C M 4 B Ist 4s..'34 M4S { 90
....
Income 5s
i
K C4 M Ry4B 58.'29 A&O {100
K C St Jo & C B 78.'07 J&J {120
Lams'n St're S 68.'09 M&S {
LRock&F3l8t78.'05J4j {106
L B&St L 1st 68 g.'26 A&O •110
2d M 5-6 g....l936 A40 {
Mar H 4 Ont 68...'25 A40 §116
.
New Eng Tele 6s.'99 A&O
6s
1907
A&O
West Bnd
.
St 58. '03
JlOO
25
25
25
..
M4N |104)6
M4N J
Gold 48
1916
48
1917F4A
Vs'"
106
'*
181«
116"
{
75)4
80
11
{100
i
58.7
'
98
93
45
6a 1900
6s gold 1900
J4J
68 1904
J4J
Series
5s 1936... .J4J
Series B 5s 1926.... J4J
A
Ohlo4Ml8t7SD1905M&N
••••
78
119
119
10794
• •
•••
ibsM
115)4
•
*
• • t
20H
119<
Va
Bid.
ABk
WU 4 Weld 5s.. 1935 J4J
M4N
113)6
100)6
108
M
Catawissa
7s.l900 F&A 106
Ches&D Canl8t58.'16 J&J
Choc Okla & G prior Hen 98 105)4
General 58....1919 J4J 108
108M
Clt's'St Ry (Ind)con 5s.'33
Colum St Ry 1st con 53.'32 108
Con Trac of N J 1st 58..'33
Del & B Bk Ist 7s.'05 F&A 119
Nav
M&N
111)6
103
1906
6s
104)4
123
105"
•
• •
••(
111)6 113
10494 105)4
117
125
108)6
••••
181
M4S
(State) Ss new.'32J4J
's»'
Fund debt2-3s.l991J4J
Va4 Tenn 2d 5s.l900 J&J ibo"
107"
1900
J&J
8e.
107
107
103M
1910 M&S
2d 7b.
Con80l 6s
1923 J&D
Annuity 63
J&D
New'k Con Gas 5s '48 J4D
Newark Pass con 5s. 1930
Ist 48..'38
(3enM7s
Penn gen 68
M&N
1908J&J
r...l910 Var
Consol 680. ...1905 Var
Consol 5s r.... 1919 Var
Pa 4 N T Can
7s..'06
1939
1939
Cons 5s
Cons 48
Steel l8t5s.'17
186
J&D
A&O
A&O
M&N
People's Tr tr oerta 48.'43
Perkiom IstserSs.'lS Q-J
PhUa Elec gold trust ctfs
Ph&Er gen 6g.'20 A&O
110
M
Gen M48g..l920 A40
Ph 4 Read 2d 68.'33 A&O
Consol
121
105
114
59%
J&D
Gen M4)6sg.. 1924 Q-F
V C'l Ist 58 g.'33 J&J
Leh Val eit 4S..1948 J&D
Penn
115
99
5994
118)6
liCh
No Penn
118%
Pitt Un Trac 53.1997 J&J
PotomVallst 58.1941 J&J 105)4 107
8ecAvTn(Pitt«)58'34J4D 115
Sav Fia 4 West Ss '34 A40 112
Seab 4 Roan 58.1926 J4J
75
United Ry & Eiecincome.
VlrgMid ist 68. 1906 M&S
2d series 6s.. 1911 M&S 128
•••
3d series 68..1916M4S
4th ser 3-4-5B.1921M4S ibe"
6th series 53.1938
BONDS
Consol 7b..... 1911
«
•
"so
K C Sub B 1st 6s..'20 J&D
K C P & G Ist 58..'23 A&O
Lehigh Nav 4)6s. .'14 Q-J
1914 Q-F
BR48g
58
1980J&D 112)6 iia"
Ga 4Aial8tpf58l945A40 107
GaCar4Nl8t58g.l929J&J
GeorglaPl8t5-68 1922J&J
GaSo&Flal8t58.1945J&J
KnoxvTrac 1 9t5s 88 A&O
Lake R Bl l8tgu5s'42M&S
Met8t( Wash) 1st 5s'25FA
New Orl Gas Ist 58...Var
Norfolk St 1st 58 '44. J&J
NorthCent 4)68. 1925 A&O
29
Feb. 14
Jan.
3 380
40,296 1 i396 Jan.
Mar. 20
4 186
271 110)6 Jan. 16 122 Mar. 20
125 292 Jan. 7 398 Apr. 25
125 65 June 1 103 Apr. 88
37 635 Jan.
8 895
Feb. 21
16,785 1194 Jan.
7 ^494 Mar. 29
130 60 May 17 71)6 Mar. 18
12,130 33 Jan.
Apr. 8
3 63
860 58)6 Jan. 10 194 Apr. 6
860 6496 Jan. 4 193 Apr. 88
3,461 7894 Jan.
3 10 0)4 June 27
11,215 4896 Feb. 8 74)6 Apr. 9
269 23)4 Jan. 3 45 May 28
308 3994 Jan. 3 45)6 Mar. 31>
1,480
696 Jan. 12 2894 Apr. 9
133 Jan. 4 154 Feb. 88
'"740
34)6 Jane 1 53^ Ai>r. 85
1,715 8196 May 24 3396 ^r. 6
917 127)4 Jan. 5 175 Apr. 9
Mar. 80
8,877 36 Jan.
3 55
648 36)6 Feb. 18 60)4 Apr. 8
100
5
1)6 Feb. 18
1)4 Jan.
39 Jan. 4
98
June 26
31
93 May
Internal
101)6
CharlC&A e2rt.58.l«iOJ&J
Che8apGa8 8s..l900J4D 101)6
Clty48ub lBt58.1922J4D
Col4Gmvl8t5-6.1917J&J
Consol Gas 6s. .1910 J&D
21
Eq ni Gas-L Istg5s.l928 113
J&J
^32M&S
21
23
29
21
Hestonv M & F oon 5s.'24 118)6
H& B Top con 5s.'25 A t© 108
1st 6s ser B..1916 tr rec
Ist esser C..1916 tr rec
Cent Ohio 4)68 g.'SO M&S
Chas City Rylst 5s '33J&J
50)4 Feb.
Jan.
4494 Apr.
2396 Feb.
43 Feb.
9394 Apr.
84
Elni4Wilm l8t63.'10 J&J 185
Income 58....2862 A&O 110
CapeF&Ysr A6g. 1 9 1 6 J&D
M&N
Mar. 23
18% Mar. 23
548 273
Bdlson Blec Ss stk tr ctf s
Blec4 Peop's Tr stk tr ctfs
Bxt & Imp 68.1901M&S 108
NoBaltDiv 5s.l942J&D 118
Central Ry68...1912
Consol 58. .1932
387
East&A l8t M 5a.'20
Bxchange 3)68.1930J&J 113
681908M&N
73)6 June 1
7
3196 Jan.
1696 May 17
36)6 May 16
90 Jan. 3
5.181
8,888
82d
54
34
BaUs Ter lat 5s. 19^6 J4D 100
B Boro Gas Ist 5s.'38M&S 108
Cambrlalron 68.1917J&J 108
Balt&Ohio 4sg.l935 A&O
Statlsiad 5g.l929 J&J
Balt&Plst6sml 1911A&0
Conv'rtible
3,487
7,812 25 13-16Jan.7
797 13 7-16Jan. 6
6,313 3896 June 20
Atl City 1st 58 g..'19
{
108)6
113)4
988
n
Bonds- Philadelphia
107
103
Bonds— Baltinnore.
Atl & Ch 1st 78.1907 J4J
AtlG-Llghtl 3t58 1 9 1 7 J&D
Bait Beit Ist 5s. 1 990M&N
BaltCPaslst 03.191 IM&N
Bait Fundg 5s.l916 M&N
8,49H
We8tVaC4Pl8t6g.'l 1J4J 119)6 188
1914M4S
4)6s
100
Mar. 7 280 June 27
8O94 Jan.
4 11694 May
1
227 Jan. 9 340 Apr. 37
170 Jan. 4 195)6 June 28
124)6 Jan.
4j 149)6 Feb. 18
139)6 Jan.
3 15i)6 May 18
124 Jan. 12 131 May 10
120)6 Jan.
3 13194 Feb. 18
29% Jan. 3 41 June 30
48«^ M»r. aa
14
4394 Jan.
57 May 26 61)6 Jan. 13
107 Jan. 3 122 Mar 23
31 June 28 38
Feb. 1
91
May 31 95)6 Jan. 23
70
63 Jan. 11
Jan. 27
Mar. 9
23)4 June 1 30
5% Jan. 7 17)4 Apr. 27
90 Jan. 21 95 Feb. 6
7 55)4 Feb. 15
4294 Jan.
75)6 June 1 81)4 Jan. 29
198 Jan. 4 312 May 17
48)6 Jan. 33
4091 Mar.
Jan. 23
61
3 70
Jan.
04% Jan. 3 100)6 June 80
May
13
1294 Jan. 24
094
Baltimore—Conclu'd.
West N C con 6s.l9l4 J&J
i
A40 105"
KCC&
Mex Cent 48 g. 191 1 J4J
Ist con Ino 3s g non-cum
2d con tno 3s non-cum..
Torrington Ist 5s 1918..
Bxt 4 Imp
89
03
hoo
Ch Bur 4 Q 4s. 1922 F4A {100
lowaDiv 48.1919 A40 {100
Chicago June 58.1915 J4J {114
Ch4No M gn5B.'31M4N 2 90
Con. of Verm't 58.' 13 J4J
Curr't Rlv Ist 5s.'27 A40
F&A
1898
3(158
12
12
Ask.
Bid.
N T4N Bug Ist 7b.'05 J&J 118
l«tmort6s.. ..1905 J4J ni3
Ogd 4 L Ccon 6s.'20 A40 105
Income 6s
1930
Rutland Ist 6s.. '02 M&N jibs"
. .
Boston Term'13)6s.. 1947 jll4
6s
..
1st 6s tunnel 1911..J&J
Bal Trac l8t58.1929M&N
Welsbach Com!(PhU)100
"
Pref!
100
2dM
..
..
Boston-Concluded.
.
rel
BONDS
A.8k.
Old Col Mining. (Bost) 36
10)6 11
88
Osceola Mining. "
35
86)6
3
Palmetto Co.. ..(PhU) 85
ParrottSU4Cop(B08t) 10
51)6 52)4
Penn Elec Veh!(Phn) 50 13)6
"
9
Pret!
50
Pennsyl Salt... "
50 113
84
Pennsyl Steel!. "
..
"
Pref!
100
160
Pullman's Pal. ( Bost) 100 159
160
Qumcy Mining. "
25 155
13
13)6
Reece Buttonh. "
10
"
7
Rhode IslMin..
7)4
25
"
18
13)6
Santa Ysabel G
5
Tamarack Mln. "
25 30O 205
32
32)6
Torrington "A" "
25
"
Pref
25
30)6 31
"
8
Un Cop L 4 M'g
85
7)6
37
37)6
Un Shoe Mach.. "
25
27
26
"
Pref
86
Utah Mining... " 4-85
43)6 43
1
Water Power.. " ....
Westm
..100
.
Bid.
330
393
.
.
a 99 13-18
10
1,100
5,823
2,965
2,600
100
22
.
68
340
3)539
110
.
59
439
17,415
.
.
168
East'n l8t
4
4496
62
2,644
.
63)6 Consolidated Gas
(Bait.) .. .100
5394 55)6 Dominion Coal
(Boston).. ..100
130
130
Electric Storage Battery T
(PhUa.) . ..100
"
135 140
Preferredl!
.100
08 100 Erie Telephone..
(Boston)
.100
"
., ..100
58)6 58% Federal Steel
•
"
38)6 36>6 Lamson Store Service
25
48 43 Liehigh Coal A Navigation... (PhUa.) .. .. 50
**
15)6 16)4 Marsden Company Y
..100
•186
138 New England Telephone
(Boston). .100
87
"
37)6 Old Dominion Copper T
.. 25
24
Pa.
Mfg.
Light
2394
& PowerT... (PhUa.).. .. 50
Xl65)4166)6 United Gas Improvement!..
"
50
.
46
46)4 United States OH
(Boston)..
35
40)6 41)6 Welsbach Light!
, (PhUa.).. ..
5
•IX
(Boston).. . 25
1)6 West Knd Land.....
•51
58 Westingh. Klectric&Mfg...
"
50
•65
"
67
Preferred
50
,
80V6
17.
t Biaton Stoct Btchanie closed Jane
MISCBLL.—Concluded.
19)6
..100
..100
"
Boston & Maine
..100
"
Chic. Burl. & Quincy
..100
"
Chic. June. & Un. Stock Yds.
..100
"
Preferred
..100
Chic. Milwaukee & St. Paul. (Phlla.> .. ..100
"
Choctaw Oklahoma & Gulf. .
.. 50
"
Preferred
.. 50
"
Consol. Traction of N.J.t...
..100
Fitchbure, oref
f Boston)
..100
Qa, Southern & Florida.
(Bait.) .. ..100
**
.. ..100
Ist preferred
"
2d preferred
..100
Lehigh Valley
(Phlla.) .. .. 50
Mexican Central
.(Boston) ..100
Northern Central
(Bait.) .. .. 50
Northern Paclflc
(Phlla.) .. ..100
"
Preferred
..100
Old Colony
(Boston) 1.100
**
Oregon Short Ijine.
..100
Pennsylvania
(Phlla.).. .. 50
"
Philadelphia Traction
.. 50
"
Reading Company
.. 50
"
1st preferred
.. 50
"
.. .. 50
2d preferred
Onion Pacific
(Boston) , ..100
"
Preferred
..100
Union Traction
(Phlla.).. .. 50
United R7 A Elec. Co.(w. 1.) (Bait.) ..
Preferred (when Issned)..
"
West Bnd Street,
(Boston).. '.'."do
118
340
77
785
2096
STOCKS BONDS
W
(PhU)....
Arnold Mining. (Bost) 35
AahBedMln'g. ••
25
'•
A-tlantlo Mln'g.
85
"
Baltlo Mining..
25
Bay State OasV. (Bost) 50
Berg4Bngisr'w(Phli) 100
"
Pref
100
Boston BDeo Lt.(Bost)100
BostonLauJ...
10
Cambria Iron.. (PhU) 50
785
30.
100 800
Boston 4 Prov.
Oat'wlBsalstpf (PhU) 50
59)6
16
18
Central Mass.. .(Bost)lOO
68
"
100
70
Pref
48
Central Ohio... (Bait) 50
23
Mich. (Bost) 100
84
0hla4
100
Ind8ir(PhU)
Olt'sStof
Conn 4 Pa88am(BoBt) 100 161
Conn Rlrt'r.... " 100 271
Consol TrPitt8T(PhU) 60
83)6
"
Prefl
50
,..
65H 66
87
30
rilnt 4 Pere M. (Bost) 100
"
56
100
68
Pref.
O'rmant'n Pa88(Phll) 50 149
50
Heatonv
4T "
50
75
Pref
25
50
Himt4BroadT "
"
62
Pref
50
12
8
Ft 8 4 M.. (Bost) 100
"
80
45
Pref
100
60
57
Ctlttle 8chuylk.(PhU)
Maine Central. (Bost) 100 164
jflnehill & S H.(PhU) 50
60
50
56
Netqaehon'g V. "
Hew Bngland.. (Bost) 100 85
"
Pref
100 lUO
110
North Penn....(PhU) 50
PhU4Br'e.... "
50
88
"
PhU Germ 4 N.
50 146
"
DnltedNJ
100 874
OnltedTrofP. "
50
Pref
50
We«t Bnd pref. (Boat) 50 115 115)6
Weat JeT4BS.(PbU) 50
61)4
We«tNT4Pa. "
50
7)6
'94
Cent, new.(Bost)100
14
16
"
Pref
100
53
53
Wor Na«h 4 R. " 100 130
AUonez Minlng(BoBt) 25
77
8k.
"
mBysl
118
840
337
"43)4 "43)6
16
16)4
16
49>i 50)6 *i'»\i
•65
67
x87
no sale wax made.
"
. .
38
8:S
118)4 118)4
337
574 245
.......(Boston).. ..100
x346 351
351
98*' "Vs"
37
50J<
66)4 67
66)6
9994
9994 100)6
1096 10 5-16 7-16
ll-lrt
3096 3094
17)6 17 1-16 17^6
42^ 43)4
4296
7796
77)6 78!4
41)6 43
4194
18)6
1896 1896
37)4 37)6 38
95
95
95)4
•75
80
•780
800
20)6 3094
2094
62
62
62
56
5596 5896
2096
6a
54)6
205
Boston & Albany
Boston Blevated
lYIiscellaneona 8tocks.
American Bell Telephone... (Boston).. ..100
"
153)6 155)6 158)6 15494 American Sugar Refining T..
..100
118
340
77
790
•75
38
SI
1896
37)4
43)6
16
43)6
68
77%
41%
95
95
16)4
IX
9994
1096
3096
•17
4296
77)6
4194
18)6
37)4
16
43)6
68
99%
1096
3094
17)6
48)6
16
43)6
•50
66>.4
5996
39
140
6696
38
5996
39
303
303)6
60X x58%
53%
110)6
M 78.. 1911 J&D
Con M68g...l911 J4D
Bxt Imp M48 g.'47 A&O
Con M of '82 43.'37 J&J
Terminal 5s g.l941 Q-F
P Wil & Bait 4S.1917 A«0
CoUattru8t4s.l921 J&J
PltU C&StL 78.1900 F&A
4b, 1997 J4J
Rochester Ry con 53.1930
Bead Co gen
SchBK3idel3t5sg'35J&D
Scran Trac Ist 6i '33M&N
Union Term'l iBtSs.F&A
United N J 4s.. 1944 M&S
UnTracPitts gen5i'97J4J
lAnd interest.
Price incindes orerdne
133
THE CHRONICLE.
22
[Vol. LXIX.
Latest Qroti Kamxrint
Jan. 1
Latest Date
to
Roads.
Iixxrjestmjcnt
AND
^axlr0ad
Jack. T.
& K.
WeekorMo
1899
March
33.498;
S
\^
Kanaw'a<& Mio£ SdwkJune
K.C.F.Soott&M SdwkJune
ItxtcIIig^ntje*
RAILROAD EARNINGS.
The following table shows the gross earnings of every
flTBAM railroad from which regular weekly or monthly returns
aan be obtained. The first two columns of figures give the
gross earnings for the latest week or month, and the last two
alumns the earnings for the period from January 1 to and
Including such latest week or month.
The returns of the street railways are brotight together separately on a subsequent page.
12,053
77,345
K.C.Mem.&BLr SdwkJune
22,490
Kan. C.N. W.... May
26.922
Kan. City &Om 3dwk.Tune
6.110
K. O. PlttB. &G. 4th wk May
96,335
Kan.C.8ub.Belt SdwkJune
10,457
Ii.Erle (fewest. SdwkJune
69,978
Lehigh & Hud.. May
40,730
Lehigh Val. RR. May
1.660,075
Leh. V. Coal Co. May
1,044.981
Lex'gton&East. April
21.100
Long IsIandRR. May
385,961
Long Is. System. May
409,974
Los Ang. Term. May
8,021
LoulB.Ev.&St.L. SdwkJune
31,.'i07
Lou.H. &St. L.. SdwkJune
12,564
Louisv.&Nashv. SdwkJune 496.625
Macon ABirm.. May
Latest Orot$ EarninffS.
Jan. 1
to
Latest Dat$.
BOADS.
WeekorMo
1899
April
12,096
S8.776
55,602
S
Adirondack
.Gt. Soatli., 3dwk Jane
.Midland... April
^N. O.iTex. Pac. Juno.
w on. & N. E stwk J'ne
Ala. & Vloksb Istwk J'ne
VlokB.Sh.&P Istwb J'ne
Allegheny Val. May
27,000
10,000
8,000
263,707
30,364
11,688
AtLKnox.&No. May
32,097
47.879
159,214
Atl.C'BtLlne8.0 January.
Atlan.&Danv.. IstwkMay
16,634
AuBtln&N'weB' April
11,181
2,280,013
Bait A Ohio.... May
123,912
Bal. & O. Sou'w 3d wk June
Atlanta* W.
P. April
.
Bath & Ham'ndt
April..
1,';97
Blr.
May...
1,311
& Atlantic.
Bronaw'k&Weal
April..
BTUr.Rooh.&Enti
Buffalo & Sasq.
Bur.O. Rap.&N.
OanadlanPaolflo
Oent.of Georgia
Central N. E
Oentralof W. J..
Central Paclho.
.sdwkJune
May...
51.451
(^42,404
19,000
8,000
8,000
214,307
22,936
6,362
3,289,470
145,738
23,161
38,12^
162,687
11,117
9,695
2,446.544
112,646
1,650
1,984
45,950
75,85P
43,497
66,429
May
64,752
86,425
538,00
82,821
61,342
1,170.663
April
1,477,885 1,336,463
2dwkJune
SdwkJune
3dwkJune
March...
. .
S
15,235
33.513
61.697
Oharlest'n&Sav April....
Ohaa'n&W.Car. January,
1899.
S
63,718
840,852
252,710
1898.
S
79,349
797,065
257,644
475.00«
82,475
49,709
955,300
605,276
684,095
297,524
302.884
295,958
290,689
1,178,450 1,046,858
690,996
737,867
41,532
44,489
16,205,953 15,787,838
424.120
554.261
128,795
146,814
192,084
202,938
162,687
159,214
203,195
218,568
42,838
42,090
11,136,535 11,220.007
2,990,600 3.237,424
7,382
7,176
8,821
11,295
189,532
197,844
1,721,108 1,708,720
294,«59
216,085
1,957,148 1,762,583
11,948,084 10,913,909
2,494,655 2,363,540
5,520,803 4,693.748
4,954,778 4.588,075
259,911
265,482
72,<98
70,787
33.954
32,434
5.336,246 5,433,719
12,890,781 13,107.204
2,128,292 1.922,904
2,726,.572 2,382,266
1,597,207 1,443,559
16,833,466 14,911,684
14,864,069 13.998,772
349,771
364.242
6,182,865 6,329,621
3,735,781 3,110,405
567.365
539,094
965.957
802,629
* 629,7 15
*593,441
24,964
22,524
1.819,994 1,777.195
115,341
102.644
341,807
317,150
268,335
271,497
6,445.59.=^
6,527,188
749,321
768,798
773,425
683.995
617,527
636,541
1,551,000
363,556
353,875
4,146
4,874
248.593
256.369
4.147.072 3,605,086
694.131
662,817
227.458
180,267
963,837
797,297
55,997
52,226
70,787
72.098
Chattan'jia 80. SdwkJune
1,688
1,553
SdwkJune 242,099 231,302
Ohee. & Ohio. .
OhlcBor. &Q.. April
3.249,862 3,255.366
80,94e
97,316
Chic. A East. lU. SdwkJune
118,689
Chic. Gt. West'r SdwkJune
93,312
Cbio. Ind. & L. SdwkJune
75,193
62,714
Chlo.MU.&8t.P SdwkJune 758,442 609,548
Chlc&N'thw'n. May...
3,337,223 3,086,809
Chlo.Peo.&StL May...
70,362
64,340
Ohlo.R'k I. &P. April
1,477,630 1,557.122
01ilo.8t.P.M.&0 iMay...
738,036 6 i 8, 798
Ohlo.Ter.Tr.RR SdwkJune
27,158
21,363
Ohio. &W. Mich 'SdwkJune
39,534
31,407
Ohoo.Ok.&GuU. May...
*85,000
•58,000
Oln.G.&Ports'tl! May...
5.731
5,106
Cln.N.O. <feT.P May. .
405,492 463,544
Cln.Porte.&Vlr May...
29.098
22,979
18.58e
Clev. Ak. & Col 3d wk May
18,690
Olev.Can. &So. May...
53,824
61,034
Ol.Cln.Oh.&St.l SdwkJune 292,612
279,050
Peo. & East'n May...
162.221
161.532
Ol.Lor. AWheel SdwkJune
33,748
28,502
OoL Midland... May...
161.056 124,619
Colorado <fe8o.. letwk J'ne
88,380
Col. Sand'y & H SdwkJune
15,874
19,033
Crystal
April
837
1,074
Oomto'l'd Vallei April.
6=1.416
61.982
Oenv.&RloGr SdwkJune 14 0,90U 159,400
DetG.Rap.
SdwkJune
27,031
23,130
D»t.A Maoklnat April..
63,397
50,712
S.8.&At)
maath
SdwkJune
50,543
42,859
gglnJol.&Eaet May...
131,871 129.723
698,154
638,136
May
2,992.75t- 2,i 26,328 13,157.727 12,766,698
iCoreka Springs AprU..
4,789
4,768
17,479
16,880
ETanB.&Ind'pUe SdwkJune
6.136
5,367
148,782
135.786
Bvansv. ^fe T. H SdwkJune
30,497
24.896
592,715
568,420
Find. FtW.&W AprU
7.168
6.342
30.863
25,176
nintAP.Marq SdwkJune
59,306
53.392 1,500,04 8 1,353,250
Fla.Cent.& Pen 2dwk June
56,357
72.394 1,240,397 1,325,775
Ft.W'th&I)en.O 2dwk June
26,300
648,583
26.418
594,979
FtW.&Rlo Gr SdwkJune
6,247
215,628
7,166
219,466
ead8.A Att.n May...
868
570
3.450
3,055
aeorglaRR.... SdwkJune
23.231
741,015
19,547
714,472
Oeorsla & Ala. May...
89.034
83,924
481,613
495,561
e«o. 80. & Fla. May...
82,071
379,201
79,766
386.431
ttr.Bap. &Ind. letwk J'ne
43.839
34,300
971,765
845.285
01iuK.AFtW. Istwk J'ne
9,284
7,331
200,348
184,674
Xraverse City. iBtwk J'ne
798
675
19,985
16,981
BfiiB.G.R. &I Istwk J'ne
2,910
2,318
49,182
49,925
Tot amines. istwk J'ne
56,831
44,624 1,241,278 1,096,864
Qr.Tr'nk Syst'in SdwkJune 487,P17 429,511 11,348,779 10,782,223
Chic. 4 Or. Tr. Istwk Ju'e
61,305
70,133 1,711,052 1,612,890
Det.Gr.H.AM. istwk Ju'e
18.007
13.617
367,769
372,087
.
.
;
.
&W
.
Sreat North'n—
Bt. P. M. & M.
Bast of Mian.
Montana Cent
Tot.syBtem
GKlfB'mntAE.C
SQlf die Chicago.
Hooking Valley.
Manletique .... May
tMexloan Cent. SdwkJune
Mexican In ter'l. April
JMex. National SdwkJune
Mex. Northern. April
IMexicanR'wai WhJunelO
Mexican So
•?dwk June
Minneap.ife St.L SdwK June
M.8t.P.<feS.8t.M
3d wb June
Ark. Midland.. April
3,420,84:
Atoh.T.&S.Fe.. May
197,03.5
Atlanta & Cbar March
Ann Arbor
1898.
.
4,(115
Mo. Kan. ATex.
Mo.Pac.&IronM
Central Br'ch
Total
Mobile & Blrm.
Mobile &Ohio..
Mont.&Mex.G'f
Na8h.C3i.&8t.L.
NevadaCentral
N.Y.C.&H. R.
N. Y.Ont&W.
N. Y. 8usq. &
Norfolk <fe West
W
North'n Ala. Ry
NortheB'n(Ga.)
North'n Central
North'n Paolflc
Ohio River
Ohio Southern..
Oreg.RR.&Nav
Oreg. Sh. Line.
Pao. Coast Co.
PaclfloMall
Pennaylvanla^.
PeorlaDecABv
PhUa. A Erie...
Phlla.&Read...
CoalA It. Co.
Tot. both Go's
Phil.
Wllm.
&B
Pitt8.C.C.&8t.L
Pltts.Llsb.A We
SdwkJune
SdwkJune
SdwkJune
SdwkJuue
SdwkJune
4thwkMay
May
May
May
1,607,163 1,524,542 6,887,454 6,43.M17
177,022
184,676
875,922
606,743
158,128
163,457
754,973
841,252
1,942,313 1,872,875 8,518,349 7,883,112
2dwk June
2,944
6,637
126,219
71,658
AprU
4,515
4.439
17,694
18,670
May
262,504 224,367 1,146,741 1,033,273
Boos.Tan.<S[Wll. December
3.ao«
4,137
84.507
54,689
aoiu.&Tex.Ceii April
253,947 252.008 1,177.208 1,090,329
niinolB Central' May
18270326 (2235658 tll402282 111092935
37,664
44,138
77,215
BtLDecAWeBt. Febraary
79,238
84.240
79,216
d. 111. A Iowa. April
339,018
3)9,207
liuAGtNorth'n. SdwkJune
47,902 1,620,968 1,607,123
59,507
tinteroo. (Mex.) WkJunelO
79,400
59,200 1,738,800 1,477,880
SdwkJune
Iowa Central...
42,035
32,921
949,000
844,241
Hallway...
May
..
Iron
4.844
4,605
22,218
21,697
,
,
453.000
23,000
476.00t
7,643
1899.
9
S
100,109
296.322
2,112,764
660,^74
123,969
106,621
1,498,659
254.169
1,6 0,087
194,306
7,451,279
6,308,394
67,129
1,410,028
1,472,725
38.815
744,822
259,942
11,117,963
24.53
33.590
6,952,338
1,532,289
3,252,952
288.473
2,068,800
360.912
1,171,376
1,745.755
4,823,573
11,766,551
497,377
12,263,928
150.252
34,193
11,374
73,785
25,516
o9,266
3,566
81,636
8,454
58,799
30,448
1.399.213
1,035,593
18.540
401.717
403,906
'5,708
27,124
8,980
40^790
3,675
14,105
255,032
283.812
113,208
55,799
78,600
H,732
39.016
68,797
I4l,50i
397,000
20.OO-
417,000
7,455
355,950
126.467
526,039
3,770
466,400
107,576
534,681
March
1,550
May
4,006,124 3,917,864
-dwk June
85.754
73,794
May
183,647
186.442
SdwkJune 236.567 167,916
April
17,366
13.722
March
7,058
6,111
May
5.56,065
492,365
SdwkJune 528,835 402,019
SdwkJune
22,651
21,529
January...
75.258
62,323
SdwkJune 182,243 149,521
April
626,933 514,297
April
407.334 456,416
April
284,774 367,614
May
6,01-.867 5,399.767
SdwkJune
15.639
12,717
AprU
342,945 332,874
May
1,899,702 1,697,546
May
1.449,570 1,802.850
May
3.349,272 3,500,396
May
1.031.058
886,658
May
1,353,741 1,256,577
3.463
3,349
50,035
29,247
37,124
44,228
19,958
21,437
9,745
9,580
66,827
75,245
Plttsb.Yo.&A.. January...
76,676
82,372
Ricii.Fr'ksbAP April
72,684
78,054
Rio Grande Jet AprU
27.327
32,662
BloOrande So'c SdwkJune
6,783
9,012
RloGr'de West. SdwkJune
72,800
68,100
Sag. Tusc. & H. May.. ..
11,985
8,825
8t.Jos.&Gr.I... SdwkJune
30,720
20,699
8t.L.Chi.«fe8t.P. May
28,328
24,994
St.L.Ken'et& So May
7,684
3,976
8t.L.JkSanFran. SdwkJune 132,833
106,589
Pitts. Bes.&L.E
Pitts. AWes'n..
Pitts. CI. &T0I
F
Pitts. Pa.
May
SdwkJune
SdwkJune
SdwkJune
& SdwkJune
Total system Sdwk June
8t.L..Soathwe8t.
8t.PaalADal..
A
A. P
San. Ant
San Fran. &N.P
S.
FePres.&Ph.
SdwkJune
May
AprU
May
3dwkJune
8av.Fla.(teWe8t. April....
Sher.Shrev.&So
4thwkMay
Sll.Hprs.O. <feG AprU....
Nor April
Sioux C.
&
Haven & E.
80. Pacific Co.
80.
May
Gal.Har.<& 8.A April....
West April....
Morgan'sL&T AprU....
Louls'a.
N.Y.T.
&Mex
Tex. AN. on.
AtLProp'tee.o
80. Pac. of Cal
So.Pao.ofAriz
So.Pac.ofN.M
April
April
....
April....
AprU
April ....
AprU....
Paoilio systenj AprU
Total of aU.6 AprU....
Southern By.e.. SdwkJune
Stony 01. AC.Mt April
Texas Central.. 2dwk June
Texas & Pacific. SdwkJune
.
Tex.8.V.&N.W. May
Toi.&OhloOent SdwkJune
ToLP. AWest.. SdwkJune
ToL8t.L.&K.C 3dwk June
Union Pao. BR.. April
Wabash......... Sdwk June
W.Jersey&Sea'e
W.V.Cen.&Pltte
West«m
90,500
154,078
162,536
78,190
17,717
287,773
8,652
30,819
19.4 00
65,700
131.940
204.805
74,946
15,390
271,810
6,374
18,240
18,587
2,860
May
May
WestVa-A Pitts. March
May...
May...
May...
May...
4,951
281,455
365,359
114, 1H8
66,137
83.400
14,930
56,556
92,349
171,543
of Ala. April
West.N.Y.&Pa. SdwkJune
Wheel. AL.Erit Sd wkJune
Wisconsin Cent. 2dwk June
Wnghtsv.&Ten. AprU
Tore Southern. April
490,566
112,201
480,491
25.806
158,934
449,862
93,425
454,604
29,124
128.248
1,297.335 1,176,103
1,244,245 1,232,088
293,745 265,578
169,580 151,362
3,461,270 3,320 854
4.758,605 4.496.957
476,933
416.508
1,494
1,321
4,594
146,279
99,495
5,000
2,700
36,657
33,810
18,839
17.675
32,757
44.259
1,518,310 1,353,935
302.826 250,959
228,850 183,750
116,357
95,986
26,774
31,191
49,637
44,438
68,100
55.800
32,618
28,216
114,639
106,896
11,320
5,765
7.699
6.529
6,1^59
1898.
1898.
<
2,058,4 00
517,416
95,944
255,484
2,234,011
725,246
151.795
119,857
1,304,218
214,135
1,575,034
144,484
6,?36,927
5,284,990
69.038
1,393,340
1,455,185
31,611
693,612
223,986
10,306,718
23,271
49,004
6,394,732
1.123,538
2,814.000
184,441
1,869,500
310.829
950,522
1,716,826
4,798,699
11,660,388
616,262
12.276,650
158,624
1,763,941
638,614
2,313,434
11,171
18,240,329
2,441.641
4,t69
18,471,132
2,059,859 l,t)23,363
863,827
932.0
5,600,948 5,211,800
64,819
71.665
20,650
19.713
2.56^,692 2,505,192
10,728,985 10,335,413
452,r32
75.258
2,972,691
2,203,668
1,493,519
1,215,253
27,382,176
369,820
1,203,795
8,989,929
9,087,150
18,077,079
4,049.194
6,658,871
17,995
556,061
847,858
421,220
17 0,881
1,445,190
76,676
265,611
H83
3
215.886
1,514,626
48,714
569,-23
133,192
33,090
3,283,0.24
2,466,817
636.896
525,527
322,882
416,369
1,242,173
127,206
104.186
102,031
11,756
411.908
62,323
3,122,410
1,897,837
1,860,452
1,424,220
26.114,876
362,145
1,123.393
8,280,407
7,931,567
16,211,974
3,766,194
6,362,654
18,713
461,595
794,750
491,044
157,030
1,448,176
82.372
255,858
105,338
204.841
1,434.356
42.701
554,089
135,095
24,212
3,114,379
2,2Sy,939
569.848
632,373
302,988
367,653
1,152,807
111,918
62.495
78,586
1,790,089 1,775,529
407,140
493,308
2,244,781 2,034,241
103,021
82,145
524,584
633.574
5,340.668 4,942,5S9
4,632 692 4,145,821
1,152,803 1,182,308
572,679
646,575
12,355,966 1 2,030,608
17,769,8r9 16.973,207
11,600,842 10,630,850
3,797
4,055
119,896
121,458
3,515.387 3,387,317
832,722
431,706
845,5b9
5,861,039
6,586,382
930.028
515,992
65,604
218,178
1,487,799
712,897
2,202,207
41,242
23.521
812,004
438,516
919,346
5,392,097
6 050,591
828,828
473,756
84,166
211,565
1,321,138
652,379
2,090,728
29,995
23,26 4
a Includes earnings from ferries, etc., not given separately, b Includes the Pacific system, the Atlantic properties and the Houston <fe
Texas Central system, c After May 1 Includes South Carolina &
Georgia for both years, d Decrease due to strike at company's mines.
* Figures for May are for the railroad only.
t Includes Chesapeake & Ohio 80' western, Ohio Valley and Chicago
and Texas for both years. Results on Yazoo Branch excluded In
1899 but Included in 1898 until July 1.
5 Covt Mexican currency.
ers results of lines directly operated east of Pitsbnrg.
July
THE CHRONICLE.
1899.]
1,
IjBtest (Kress Earnings by Weeks.— The latest weekly earnin the foregoing are separately summed up as follows :
For the third week of June our preliminary statement
covers 68 roads and shows 16 -58 per cent increase in the aggregate over the same wee* last year.
ing
3d week of June.
1899.
1898.
S
Alabama
Gt. Southern...
Ann Arbor
Bait. & Ohio Southwest.
A FltMb'fc*
Baflalo Rooh.
Canadian Paoiflo
Oeotral of Georsrla
Chattanooga Son them..
Chesapeake
Ohio
<fe
Ohloasro di Bant. IllinolB
Chlo. Great Western
Chlc.Indian'lis & Loulsv.
Chioaeo Mllw. <k St. Pan]
Chlo. Term. Transfer...,
OliloaKO & West Mlohl^ar
Qev.
A
38,776
30,364
123,912
42.404
538,000
82.821
S
33.513
22.93C
112,646
75,856
475.000
82,475
1,688
1,553
242,099
97.316
118,689
75.193
75S.442
27,158
231,302
80.946
93.312
62,714
609.548
21,363
31,407
279.050
28,502
19 033
159,400
39.534
Olev. Lorain & Wheel'g..
Col. Sandusky & Hock'g.
292.612
33.748
15,874
Denver
140.90(
Oln. Ohio.
8t. L..
A
Rio Grande...
Det. Gd. Rapids & West.
Duluth 8o. Shore & At...
Evansv. & IndlanapoUs.
Evansv. & Terre Haate.
Flint <k Pere Marouette..
Ft. Worth <fe Rio Grande.
GtoorKla-
Orand Trunk
)
Obloatco AGr'd Trunk >
Det. Gr.Hav. AMllw.)
Intem'l & Gt. North'n ...
Iow»
(Central
Kanawha &
....
MlohlRan...
Kan. City Ft. S. & Mem..
Kan. City Mem. & Blrm.
Kansas City A Omaha .
Kan. Oitv Snb Belt
.
Lake Erie <b Western
I<oalsv. Eyansv. & 8t. L
,
LoulaviUe Hend.A
Loulsv. <& Nash
St. L.
Mexican Central
Mexican National
....
orfolk A Western
Northern Paoiflo
Ohio River
Oregon RR. A Nav
Peoria Deo. A Evanav.
Pitts. Bess.
A
.
L. Erie....
Pittsburg A Western
Rio Grande Southern
Bio Grande W^estern
Bt. Joseph A Gd. Island
St. Louis & San Fran
Bt. Lonis Southwestern..
Santa Fe Pr. A Pnoenlx..
Texas A Paoitlo
Toledo A Ohio Central..
Toledo Peoria A West'n
Pol. St. L. A Kan. City..
Waba«h
WestN.
Y.
Wheeling
*
3.684
487,817
429.511
58,306
59,507
42,085
12,05S
77,345
22,490
6.110
10.457
47,902
32.931
11,374
11606
73,7^)5
3,560
A Lake Erie..
23.1.SO
42,859
7,634
32,757
302 826
68,100
32,616
8,078.043
6,929,392
...
p. c.^
9,164
679
3,026
2,544
2,003
11,179
4,383
3,584
90,835
26.423
255.03;.
960
17,540
23,552
30,039
56.000
3,000
11,960
68.651
126.816
1,122
32,722
2,922
20,788
8,418
2,229
4,700
10,021
26,244
24,800
2,327
60.425
46,784
2,847
1,164
11,502
51.867
12,300
4,402
1,229,856
1.148,651
..
81,205
Decrease due to strike at company's mines.
For
the second week of June our final statemen
covers 75 roads, and shows 11*07 per cent increase in tho
aggregate over the same week last year.
2d week
of June.
Pnvioiuly rep'd (69r'd8)
DnlDth So. Shore A Atl..
Fla. Cent. A Penin
Ft. Worth A Denver City
Mexican Southern
Texas Central
Toledo Peoria
A
West'n.
Total «75 roads)
Wet Increase (1107
1898.
1899.
Inereate.
$
9
7,953,976
47.212
58,357
26,300
14.930
6.359
16,823
7,137,774
38.921
72,394
26.418
11,732
8,121,957
7,312,535
$
897,209
Veereeue.
9
81,C07
8.291
16,037
118
3,198
1,765
4,.594
20,702
3,879
910,463
809,422
d.c).
101,011
Net Earnings Montlily to Latest Dates.—The table following shows the gross and net earnings of Steam railroads
reported this week.
full detailed statement, including al 1
reikis from which monthly returns can be obtained, is given
onoe a month in these column and the latest statement of
this kind will be found in the Chronicle of June 17,
1899, The next will appear in the issue of July 22, 1899.
Net Earnings.
^^J? Saming$.2
1899.
1898
1899.
I898.
Roads.
$
$
S
$
Alabama Qt.South.aMay
152,953
132,543
23,498
32,525
A
,
'
—
.
<
—
May 31
733.366
701,263
169,562
189,387
July 1 to May 31
1,653,389 1,606,723
523,664
618,117
Allegheny Valley. b. May
263,707
214.307
74,073
91,306
Jan. 1 to May 31
1,178,450 1,046,858
395,980
429,897
Atoh.Top.A8.Fe..b. May 3,420.847 3.289,470
1789,690
,_.. 11,384,694
Jan. 1 to May 31.... 16,205.953
6,205.953 15,787,838 5,325.842 3,788.73V
Julyl to May 31. ... 37,293,585 86.213,699tll,715,125tl0016,126
"
Bath A Hammonds. Apr.
"
"
1,797
80
1,650
641
Jan. 1 to Apr. 30
7,382
7.176
1,317
2,326
Julyl to Apr. 30 ...
83,958
36.693
20,095
18.522
Buflt R. A Plttbs.b ..May
336.807
318,305
109,997
108,458
Jan. 1 to May 31
1,672,846 1.481,152
542,983
605,: 44
July 1 to May 31.... 3,578,326 3,381,007 1,248,963 1,198,536
Jan. 1 to
—
1899.
Roads.
Samings- —
1898
-ffet
SarninffS.—s
1899.
$
64,752
294,659
709.485
9
$
BufialoASusqueh.a.May
43,497
20,625
Jan. 1 to May 31
216,085
112,782
Julyl to May 31....
572.976
227,609
Canadian Paoiflo. a. May 2,402,151 2,252,999 1,032,759
Jan. 1 to May 31.... 10,326,084 9,457,909 3.999,193
370,613
336,871
45,456
Cent, of Georgia. a. May
Jan. 1 to May 31... 2,242,581 2,107,799
563.733
July 1 to May 31 -. 5,396.285 5,150,815 1,735,839
Chef ap. A Ohio. a.. .May
939,623
956,347
280,496
Jan. 1 to May 31.... 4,665,164 4.739,812 1,363,627
May
July 1 to
31 .. 10.923,864 10,787.578 3.540,307
3f6,249
Chic. A East. 111. b... May
342,498
147,353
1.854,210 1,686,793
Jan. 1 to JI ay 31
833,875
Julyl to May 31
4.218,197 3,909,108 1.944,079
(.hlo. M. ASt. P.a.May 3,009.946 2,755.183
961.400
Jan. 1 to May 31.... 14,584,301 13,013,058 4,710,030
Julyl to May 31 .. 34,914.652 31,443,340 13,217.272
Oleve. Canton A So. May
53.824
2.954
61,034
27,16.^
Jan. 1 to May 31....
268.335
271.497
Julyl to May 31....
645,242
627.512
82.973
ClevCln.C.ASr L.a. May 1,200,691 1,173,302
312.227
Jan. 1 to May 31.... 5.581,872 5,690.038 1,448,146
Julyl to May 31 .. 13,36.", 121 13,110,879 3,712,310
Peoria A East'n a May
162,22
161.532
39,463
Jan. 1 to May 31....
749,321
190,485
768,798
July 1 to May 31.... 1,728,528 1,721,099
418,444
Brie. a
May 2,992,759 2,826,328
868,897
Jan. 1 to May 31. ...13,167.727 12.766,698 2,786,759
Julyl to May 31.. ..30,403,837 31,007,660 7,777,879
Ft. Worth A Rio Gr..Apr.
59,430
54.861
25.541
Jan. 1 to Apr. 30
170,43
169,516
69.832
Gila Val. Globe A No. May
42,694
31,308
Jan. 1 to May 31....
181,661
124,823
Hocking Valley. a. ..May
262,504
80.162
224.367
Mar. 1 to May 31....
723,119
651,528
225,810
Lehigh VaUey RR... May 1,660,075 1,399,213 360,479
Jan. 1 to May 31.... 7,451,279 6,b36,927 •1,060,818
Deo. 1 to May 31.... 9,242,273 8.476,040 1,435,961
Lehigh Val. Coal Co.. May 1,044.981 1,035,593 df.79.489
Jan. 1 to May 31... 6.^08,394 5,284,990 df.330,640
Deo. 1 to May 31.... 8,079,208 6,704,P05 df.417,111
Lehigh Valley in N. Y.b.—
Jan. 1 to Mar. 31.... 1.044.065 1,172,711
2.448
Loulsv. A Nashv.b... May 2.120.164 1,851,649
747.fi 10
Jan. 1 to May 31
9,685,393 9,042,478 3,07S 519
Julyl to May 31. ...81,571,192 20,116,'293 7,248,616
Madison Gas A Eleo. May
3.124
Jan. 1 to May 31
21,530
Apr. 1 to May 31
6,384
Minn. ASt.Lonis.a.May
238,716
186,547
71,208
Jan. 1 to May 31.... 1,011,487
827.773
353,016
July 1 to May 31.... 2,252.379 2,071,406
899,945
MontereyAMex.G'f.Apr.
103.573
121,933
18,342
N. Y. Ont. A West.a.Mav
387,936
275,719
107,199
Jan. 1 to May 31.... 1,797,184 1.416.320
571,916
Julyl to May 31.... 3.942,829 3,598,901 1,239.076
N. Y. Bus. A West.a..May
183.647
186,442
76,705
Jan. 1 to May 31
932,000
863.827
382.413
July 1 to May 31.... 2,189,440 2.121,994 1.017,310
Sorthem Central. b.. May
556,065
492,365
142.307
Jan. 1 to May 31... 2.663.692 2,505,192
516,569
Oregon RR. A Nav.. May
5f 0,710
563,606
216,067
Jan. 1 to May 31..., 2.486,007 2.703,205
932,367
July 1 to May 31.... 6,344,474 6.348.194 2.597,816
.
919
25.516
3.566
8.454
58.799
27.124
8.980
405 790
18,83i-
APenn.
T tal 68 roads)
Ketinoreasf (Le*58
19 547
6.783
72.800
30.720
132,833
90.500
17,717
476,933
146.279
36.657
.... ....
3,159
18,500
7 ©9
6fi,827
Southern Railway
12,47 9
148.894
5,795
8,127
13.562
5.246
- Orois
.
10,797
16,370
25.377
3,fl01
113,208
39.016
68,797
141,504
397.000
20.000
73,794
167,916
403,019
21,529
149.521
12,717
29,247
75.245
9,012
68,100
20,699
106.589
65.700
15.390
416,508
99.495
33.810
17,675
44,259
250,959
55.800
28,216
33,452
346
135
5,601
5,914
496,625
281,455
114,168
56.556
92,349
171.543
453,000
23,000
85.754
2?6,I67
528.835
22.651
182,'43
15.639
50,035
Central Branch
N. Y. Ontario A Weatera
---
63,000
.0.3^7
1,507
12,564
Minneapolis & St. Lools.
Minn. St. P. AS. Ste. M..
Mo. KansasA Texas
Mo. Paolllo, Iro \ Mt. ..
9
$
24,896
53.392
7,166
69.97J-
Deereate.
5,263
7,428
11,266
27,031
50.543
6.136
30.497
59.306
6,247
23,231
.S
..
Increase.
23
1898.
9
17,484
8»,422
242,563
926.662
3,336,281
66,739
570.826
1,769,966
275.129
1,439,421
3.472,437
140,238
694.215
1,706,842
965,982
4,451,622
11,984,709
9.109
32.308
120,042
257,568
1,376,047
3,073,432
36,808
204,923
448,302
721.084
2,652,978
7,768,642
18,051
58.699
61,729
183,321
263,443
1,628,639
1,992,721
df 26,433
df.196,280
df.269,703
397,545
522,975
2,743,128
6,653.515
2.a70
19,936
6.590
55.918
!?96.711
819,506
40,699
49,002
327,907
1,029,382
85,316
353.268
925.179
96,807
535,369
216,636
911,657
2,707.388
PennsylvaniaLines directly operatedEast of Pitts. A E.. May 6,018,867 5,399,767
Jan. 1 to May 31 . 27,382,176 26,114,876
WestofPltts. AE.May
Inc. 319.600
Jan. Ito May 31 ...
Inc. 1.044,500
PMla. AReadlng.b.May 1,S99,702 1,697.546
Jan. 1 to May 31.... 8,989,929 8,280,407
Julyl to May 31... 20,984,416 20,166,570
Coal A Iron Co. b. May 1,449,570 1,802,850
Jan. Ito May 31.... 9,087,150 7,931,567
July Ito May 31. ..21,408.626 21,314,450
Total both Go's. b.May 3,349.272 3,500,396
Jan. 1 to May 31. ...18,077,079 16,211,974
July 1 to May 31. ...42.392,942 41,481,020
1,927,697 1.638,697
7,226,125 7,310,725
Inc.
214.600
Inc.
665.000
664,296
631,108
3.237,894 3,261,796
8,493,021 8,821,557
17,895 def 47,262
176,141 df.248,710
569,413
979.87(J
682,191
583.856
3,414,035 3,013.086
9,472.899 9,390,970
Beading Comp'yb.May
23,457
20,416
July Ito May 31
310,919
174.199
TotalallComp's.b. May
702.607
607.313
^
July Ito May 31
9.647,098 9,701,889
Phlla.WUm.A Balt.b.May 1.031,058
394,287
276,987
886,658
Jan. 1 to May 31.... 4,049.194 3.766,194 1,093,325
912,325
Nov. Ito May 31.... 5,714,356 5,264,956 1.592,724 1,308,924
Rlo Grande South, b. May
44,169
39,680
22,.574
22,087
Jan. Ito May 31....
191,253
179,071
91,691
92,899
July 1 to May 31....
456.868
391,671
222,516
179,319
St. Louis A San Ft. b. May
697,759
230,040
577,205
270,000
Jan. 1 to May 31.... 2.895,390 2.769,943 1.092,209 1,072,283
July Ito May 31.... 6,639,877 6,379,688 2,642.664 2.682,977
SonthemRallw'y.a.May 2,228,802 1,967,421
591.443
493,072
' ""
Jan. "1 to May31...".10;i78;819
9,365,551 3,083.136 2,795.788
Julyl to May 31... 23.120.211 20,773,934 7.461,249 6,588,511
Wabash.b
May 1,196.421 1,141,677
398.842
277,468
Jan. 1 to May 31.... 6,736,485 5.303,825 1,476,780 1,392,483
July 1 to May 31.... 13.135.606 12,117,299 3,461,610 3,625,892
Western Gas Co.—
Mllw'keeGas-L.Co.May
87,313
81,790
^
.^
Jan. Ito May 31
198,266
207.048
W. Jersey A Seash.b.. May 22S,850
23,317
60.017
183,750
Jan. 1 to May 31 ..
127,277
9fO,028
178.277
828,828
West.N.Y.AP«nn.l'..May
60.272
51,070
260,381
232,428
Jan. 1 to May 31.... 1,292,199 1,148,933
284,167
375.129
July 1 to May 31.... 2,985,413 2,995,757
911.475 1,021,886
a Net earnings here given are after deducting
taxes.
b Net earnings here given are before deducting taxes.
t For May, 1899, taxes and rentaLs amounted to $137,366. against
$146,772, and from July 1 to May 31 $1,538,615, against $1,568,807,
after deducting which net for May, 1899, was $1,147,228, against
1648,918. From Julv 1 to May 31, 1899. net after deducting taxes
and rentals is $10,176,510, against $8,447,319.
• Experses for 1899 include monthly proportion of extraordinary
expenditures.
—
..
—
.
>
THE CHKONICLE.
24:
[Vol,
LXlX.
Interest Cbar^es and Snrplas.—The following roads, ii
addition to their gross and net earnings given in the fore
going, also report charges for interest, &o., with the surplus
or delioit above or below those charges
These figures include results on Bridge Divisio
Three regiments of soldiers were encamped along the line in May,
1898, giving increase on trallio at that time.
* Strike lu May, 1899, only 10 cars operated from May 26 to the
end
of the month.
Eams.-
Street Railway Net Earnings. The following table glvts
the returns of Street railway gross and net earnings received
this week.
In reporting these net earnings for the street railways, we adopt the same plan as that for the steam roads
chat is, we print each 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 Chronicle
,
Int., rentals, dc.
N^ei
.
1898.
1899,
$
$
$
$
126,020
Roads.
— —£ai. of
1898.
1899.
*.^0,359
128,216
& East. III.... May
*721,246
July 1 to May 31.... 1.396,089 1,401,059
71,650
240,526
240,577
Clev.Cln.Ch.A St. L.May
July 1 to May 31.... 2,657,153 2,656.084 1.055,157
2.662
36,801
36,801
Peoria & Bastera. May
13,874
404,570
404,818
July 1 to May 31....
CWo.
Philadelphia & Reading750,000
All ooaspaniea. .. May
July 1 to May 31 .. 8,250,000
17.683
Grande South... May
195.549
July 1 to May 31....
7
43.494
753.662 del.47,893def.l46.349
8,290,282 1.397.098 1,411,607
4,189
4,891
17,898
26,967
4,988
174,331
Mo
*
'1J^,724
*444.811
17,042
417,348
After allowing for other income received.
NOKTHEBN
Net operating income.
877,861 12,715,373 11,875,466
, _,„„„,
_
155,194 2,530,675 1,. 28,875
22,377
71,405
4(!9,«08
308,149
Net income—
Maln8\sVm
Proprietary lines
Total
596.336
17.868
745,044 10,654,306 10,454,74
319.671
48,463
359,955
614,224
793,507 11.014,26110,774,411
STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings tor the latest
period of all street railways from which we are able to obtain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads— that is, the
first two columns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including such
latest week or month.
STREET RAILWAYS AND TRAOnON COMPANIES.
Latest Gross
Gboss
Eabninob.
WeekorSlo
Akron Bedfd & Clev. May
May
Albany Railway
May
Amsterdam 8t Rv
Atlanta Cons.
Bay
St.
May
May
May
May
By.
Cities Oonsol...
Blnghamton
St. Ry. .
Bridgeport Traction.
Br'klyn Rap. Tr. Co.Brooklyn Heights..
May
May
May
May
Total
May
Cln. & Miami Val..
Citiz'n8'(M'noie,Ind.) March
City Eleo. (Rome.Qa.) May
Cleveland Electric... May
May
Cleve. Painsv. &E.
Columbas 8t Ry. (O.) May
May
Denver City Tram.
Detroit Clti'ns' Bt.Ry. >d wb J'ne
Detroit Eleo. Ry
3d wk J'ne
Detroit Pt. Wayne &
BeUe Isle
3d wk J'ne
May
Dulutb St. Rv
Brooklyn Elev.t....
Nassau Electric.
.
.
.
Erie Electric Motor.. March
April
Galveaton City Ry
Harrlsburg Traction May
. . .
Bamings.
1899.
$
9,361
61,871
4,827
44,014
6.939
12.424
31,604
585,758
178,662
211,669
976,089
12,633
6.424
3.078
160,024
11,406
62 354
100,682
26,757
7,836
1898.
$
7,950
54,149
4,4 9
35,487
6,382
12,33.'i
28,944
Jan.ltoL atestDote.
1898
1899.
S
32,708
276 533
22.2
U
168,822
33.276
56,310
131,831
31.392
249 358
20.182
146,744
3l,4b7
56,953
129,257
510,320 2,387,203 2,201,784
116,880 904,507 642,729
187,145 787,614 772,884
81^,345 4,079.3v!4 3.617.397
11,097
49,219
37,984
18,7ol
5,545
16,223
2,187
9,816
8 522
6S9,)73
143,762 736,193
8.556
39,399
32,390
63,8^7
287,873 271,540
97,663
.-.a
24,015 579,964
522,0 90
196,4^7
7,394
184,035
-
-
4.239
14,243
9,822
18,799
27,843
3.494
16,600
10,081
90,249
81.4-5
35,102
21.546
108,48*3
94,461
3,763
18,134
3.379
17,188
17.550
66.119
16,591
55,346
12,366
5,520
12.245
5.220
7.357
3,318
7.894
4.818
8.530
84,448
138.078
123,508
4,578
54,954
21,614
39,860
17,'; 03
37.618
22.410
37,o92
50,428
452.183
395,841
561,78d
83,199
79,821
31,170
>>*
Herkimer Mohawk 11
lon&PkfortELRy. May
;
Houston Eleo. St. Ry. April
Interstate Consol. of
North Attleboro
Kingston City Ry....
Lehigh Traction
Lima Railway (Ohio)
London St. Ry.(Oan.)
May
May
May
May
May
—
Lorain & Cleve
Los Angeles Tract...
Maes. Elec Co.'s .
MUw. Elec Ry. <k Lt.
Montreal Street Ry
Muscatine St. Ry
Nash viUe St. Ry
ApriL
March
3dwkJune
March
May
May
. .
February
iioxb'hCh.H.&Nor'ii
May
May
May
May
May
May
May
Bchaylkill Val. Trac.
March
Newburg
St.
New London
Ry
Ry..
NewOrleans City
St.
OgdensburgSt. Ry...
Paterson Ry
Richmond
Traction..
doranton <fe Carbond'e
Boranton <St Pittston
Scran ton Railway
Staten Island Elec.
Byraouse Rap. Tr. Ry
Toronto Rv..-.- ....
Twin City Rap. Tran
i
April
M*y
— May
1
i
April
April
April
May
May
Bedford*
U'tdRy8.Elec.(Balt.) April
United Tract. (Pitts.; April
United Tract. ( Prov. / A pril
Ualt. Trac. (Reading)! May
Union
8,391
3,932
'^5.352
7.043
13,014
102,447
158,132
145.466
4,874
24.742
6,699
7,669
3,835
3,750
132,376 126,303
1,770
1,669
38.671 31,581
{16,346 J 19.165
10,729
8,892
4.564
4,459
2,783
2,743
4,593
4,900
35,257 30,668
18.869 15,783
40.110 36.687
95,212 86,899
198,596 180.3U7
|
(N.
18,V!93
15,f>45
638 740
23,776
54.762
.•27,387
15,187
570,164
6.876
153,289
20..^24
37,795
14,473
37.623
15.402
24,028
22,3 12
.
26,980
15.044
567.743
5,985
138,945
11,624
34,151
12,349
153.918
67.016
160,^58
385,997
949,389
80,186
147,1S4
64.743
145.207
348,182
833,530
71,486
36,8.55
341,340 313.038
- ,..
131742 120.567 485,382 462,684
154,72f- 133,995
574,371
5/4,951
21,738 17,516
76,216
68,297
4,861
5,204
19,531
M,y
19.167
WakefleldA Stone...
20,142
43,202
20,079
February.
42.277
Waterbury Traction.
West Chicago St. Ry iSdwkJ'ne. 86,739 80,696 1,885,100 1,784.064
47,469 42,421 204,840
194.745
Wilkes &Wy. Val....lMay
;
>f
June
July
.
-
The next
1899,
17,
—
23, 1899.
,
.
St.
1 to
Deo. 1 to
1899,
Ma V 3 1 ...
May 31
.".
HarrisburgTraot'n..May
May 31....
May 31....
fiJewburg Electric. .. May
Jan. 1 to May 31....
July 1 to May 31....
to
July 1 to
4.827
22.231
26.898
160,024
736.193
100,682
14.243
81,475
195,834
27.843
108,483
231,178
7.689
27.387
77.969
—
>
1898.
$
Ry.b.May
Cleveland Eleo.a
May
Jan. 1 to May 31
Denver City Tramw. May
Dnluth Street Ry ..May
Jan. 1 to May 31 ...
July 1 to May 31....
1
appear in the issue of
will
Gross aamtnffs.
Roads.
Jan.
722,667 10,184,698 10,146,591
521,951
Mlsoellai eoua income, not
inoluding land sales
—
Jan
PACIFIC.
"T22.891
Net earnings
Operating charges, taxes,
rentals ana iraprovem'ts 297,940
.
J
Amsterdam
July 1 to
July 1 to
May,'99. May. '98. May-Sl,'99. Jfffj/31,'98
^
m
$
$
2.005,692 1,918,194 23.825,539 21.949.^04
I,182,b01 1,040,333 11,110,166 10,073,938
Gross earnings
Operating expenses..
i
,
Het Samxngs.
1899.
1898
9
$
4,459
20.1J-2
24,779
143,762
689,173
97,663
16,600
79,821
185,135
21.516
94,461
220,754
6,699
26,980
75,846
$
1,504
5,-76
6,884
61,862
310,724
32,522
5.069
35,.
.
34
91,715
13,542
51,841
159,414
3,223
6,906
33,562
1,130
4,266
5,023
49,411
260,865
27.903
8,935
37,170
90,976
10,211
46,121
104,192
2.457
7,249
30,436
Strike in May, 1899, accounts for decrease.
—
Interest Charges and Surplus. The following Street
railways, in addition to their gross and net earnings given in
th foregoing, also report charges for interest, &o., with the
surplus or deficit above or below those charges
—
.
Int., rentals, etc.
1899.
S
S
RoQ.(i£
Dsnver City Tramw. May
.
1898.
21,321
20,958
^Sai. ot
If el
1899.
Barn's.—
18S8.
S
ft
10,701
6,945^
ANNUAL REPORTS.
—
North American Company Milwaukee Electric Railway.
& Light Co. tinclnnati Edison Electric Co.
—
C Report for the fiscal year ending May 31, 1899. J
President C. W. Wetmore says in substance
Financial. The income account for the year shows a
surplus over operating expenses of $85,203, an increase of
171,654 as compared with the previous year,
Tliis result
has been realized from current loans and transactions, without the receipt of any dividends from investments in the
shares of street railway and lighting companies. The development of the street railway and electric-lighting properties,
referred to below, have required the active supervision of
the managers of your company. Your Board feel that the
last few years have qualified your company to achieve
success, especially in the field of electric railway and light
development, and that, under prudent and efficient management, properties of this class will, for many years, present
attractive opportunities for profitable financing and development. It is not implied, however, that the activities of j'our
company will be limited to this field.
MUiViiukee Electric Railway & Light Co. The through
—
:
—
line to Waukesha Beach was opened for traffic on Jane 26,
1898, thus bringing the lake region of Waukesha County
into direct communication with Milwaukee.
Within the
past few months the Milwaukee Company has acquired the
franchises and property of the Milwaukee Racine
Kenosha
Electric Railway Co., the Bell City Elect ic Railway Co.
and the Badger Electric Light Co. of Racme, Wis. Title to
the properties has been taken in the name of the Milwaukee
Traction Co., the entire capital stock of which
Light Heat
During the year a direct line
is owned by your company.
has been constructed to the village and summer resort of
Whitefish Bay, a distance of about 3 miles from the city limits
of Milwaukee, and during the present summer a line will be
built to North Milwaukee, 3 miles northwest of Milwaukee,
and the only suburb not now reached by the company's
system.
The Milwaukee Company now controls a suburban system
extending from Waukesha Beach, on Pewaukee Lake, 25
miles west of Milwaukee, to and through the city of Racine,
to the city of Kenosha, about 30 miles south of Milwaukee,
operating a total track mileage of 75 miles, which, together
with the mileage within the city of Milwaukee and its immediate suburbs, makes a total mileage for the entire system of
about 225 miles. By the acquisition of the Badger Company
and the Belle City Railway Co., the Milwaukee Companj' has
acquired control of the electric lighting of Racine. As
rapidly as practicable all'the inter-urban lines will be adapted
to higb speed traction, and will be brought up to the high
&
&
standard adopted by the Milwaukee Company. The population tributary to the company's system is now estimated
approximately as from 346,300 to 361,300, viz.:
City of MUwaukee, 285,000 to 300,000; North Milwaukee, Whitefish
Bay and suburbs to the north. 1.500; Wauwatosa. 3,000; North
Greenfield, 600; Waukesha, 10 000; Pewaukee and Waukesha Beach,
1,jOO; (Dudahy, St. Francis and South Milwaukee, 5,000; Racine,
30,000
;
Kenosha, 10,000.
JULT
1.
THE CHRONICLF.
1899.]
All of the franchises of the suburban properties, whether
purchased or directly obtained by the Milwaukee Company
on its own application, have been granted for a period of 50
years, of which, in the case of the earliest, only a few years
have expired. The company's relations with the public
authorities have become more friendly, as a result largely
growing appreciation by the public of the service
rendered. The new power station, adjoining the present
central station, will be completed within a few months and
place the company in possession of all the power needed for
many years to come at the lowest cost attainable. The condition of the property, both physical and financial, is a matPlans are under active consideration
ter for congratnlation.
not only for the purpose of protecting the territory already
occupied but also with the view of profitable further develof the
opment.
.
^
Cincinnati Edison Electric Co.—The North American Co.
has acquired additional stock of the Cincinnati Edison Elec
trie Co., to an amount which now places it in control of that
company. Decisions rendered by the courts of Ohio have
finally established the full validity of the contract for the
public lighting of the city, and ordinances have been enacted
and permits granted by the Board of Legislation and City
Affairs securing to the company the public lighting of the
entire city. A new central station has been completed and
The station is constructed accordis now in full operation.
standards of economy and eflBcmodern
highest
ing to the
iency. The bonds for the construction of the new station
were placed during the year through leading bankers. Plans
are in preparation for the extension of the commercial lighting as rapidly as prudent. Your board have a growing confidence in the future of the Cincinnati company.
Treasurer's ttatement.—See last week's Chronicle— V. 68,
p. 872: V. 66, p. 1234.
GENERAL INVESTMENT NEWS.
American Bell Telephone Co.— Bonds Offered.— R.
& Co.
L.
Co. offer for sale at 103 and
interest the $3,000,000 four per cent bonds due July 1, 1908,
completing the authorized issue of |10,000,000.— V. 63, p. 1223.
Day
and Estabrook
<fe
American Bicycle Co.— Official Statement.— The following
statement was made public on Monday. A meeting
of the cycle trade which is to form the nucleus of the American Bicycle Co. was held at the Waldorf-Astoria Hotel, New
York City, June 31, 33 and 23. The following concerns
official
were represented
Amos & Frost Co.,
Chicago; American Saddle Co., Cleveland; Aeme
Mfg. Co., Rpading, Pa.; Barnes Cycle Co., Syracuse; Black Mfg. Co.,
Erie, Pa.; ButTalo Cycle Mfg. Co., Buffalo; H. A. Christy & Co.. New
York City; Crawford Mfg. Co., Haeeratown. Md.; Colton Cycle Co.;
Columbus Bicvcle Co.: Cleveland Machine Screw Co.; Eagle Bicycle
Mfg. Co., Torrington, Conn.: Fanning Cycle Co., Chicago; A. FeatlierBtOne & I o., Chicago; Fay Mfg. Co., ElyrlB, O; Gormully & Jeffery
Grand Rapids; Geneva Cycle
Co.. Chicago; Grand Rapids Cycle Co
Hartford Cycle Co.. Hartford; Hartford Rui)ber
Co., Geneva, O
Indiana Bicycle Co.,
Works, Hartford; Hart ife Cooley Mfg. Co
Indianapolis; Indianapolis Rubber Co Indianapolis; Indiana Novelty
Mfg. Co.; Indianapolis Chain & Stamping Co Indiai ap'ills; H. A.
Lozier & Co., Cleveland; Lamb Mfg. Co.. Chicopee Falls, Mass.; A. D.
Meiselbaoh, Chicago; Monarch Cycle Mfg. Co., Chicago; Milwaukee
Engineering Co., Milwaukee; Milwaukee Mfg. Co Milwaukee; Nuttall
Mfg. Co.; North Buffalo Wheel Co.. Buffalo; Pope Mfg. Co., Hartford;
Peoria Rubber & Mfg. Co., Peoria; Sterling Cycle Works, Kenosha,
Wis Shelby Oycle Mfg. Co., Shelby, O Stover Bicycle Mfg Co.. Freeport, 111.; C. J. Smith & Sous Co., MUwaukee; E. C. Stearns & Co.,
Syracuse; Syracuse Cycle Co., Syracuse; Q. L. Thompson Mfg. Co.,
Chicago; Vikinsr Mfg. Co., Toledo; Western Wheel Works, Chicago;
White Sewing Machine Co., Cleveland.
" Mr. Spalding reported that it had been necessary to proceed with the concerns already closed with, as indicated
above, as it was an impossibility to consider the other options
BOW in his hands until the organization of the new company
was completed. Committees on organization, manufacturing, domestic sales and foreign trade were appointed at this
meeting to prepare plans for the future work of the company. The bankers who have undertaken to finance this
company, and who will have the selection of the officers for
the first year, desired an expression from the manufacturers
as to whom they would recommend for the office of President
and ten directors, and at their request a sealed vote was
taken, which resulted in practically the unanimous, choice of
A. G. Spalding for President." Offices have been opened at
132 Nassau Sti eet.
The American Bicycle Co. was incorporated at Trenton,
N. J., on May 12, with §90,(00,000 of authorized capital
stock, of which $3.5,000,000 is 7 per cent cumulative pre
ferred.
The company is being financed by the United States
Mortgage & Trust Co. of this city and Lee, Higginson &
Co. of Boston.— V. 68, p. 1021.
,
;
;
,
,
,
,
;
25
—
Co.— New Oncers. VicF- President
elected President to succeed BenjaVice-President J. A. Dean has been
chosen First Vice-President and George G. Metzger has become Second Vice-President. W. D. Douglas has resigned
as Treasurer and director of the company, and G. P. Piper
as director and as a member of the executive committee,
Treasurer will be elected as soon as the board of directors
is complete.— V. 68, p. 974.
American Linseed
Guy G. Major has been
min F. Miles; Second
A
A
American Metal Co.— Increase of Stock.—
certificate of
increase of the capital stock from $600,( 00 to $1,000,000 was
The company reported capital stock
filed at Albany June 24.
paid in $610,000: debts and liabilities $1,026,163.
American Steel & Wire Co.— Dissolution of Companies
Purchased.— The Oliver Wire Co., the Pittsburg Wire Co.
and the Allegheny Furnace Co., whose plants were acquired
bv the American Steel & Wire Co. in 1898 (see V. 68. p. 83,
377), have filed petitions asking for decrees in dissolution,
tbeir capital stock being practically all owned by the American Compauy. The deeds transferring the Washburne &
Moen plant at Waukegan, III., to the American Steel
Wire
Co. for $528,000, was placed on file June 24.— V. 68, p. 1224.
&
American Tobacco Co.— Dissolution of Union Tobacco Co.
— The stockholders of the Union Tobacco Co. will vote July
13 on a proposition to dissolve that corporation.
Dividend. — The first dividend on the common stock as
recently increased from $21,000,000 to $54.50 i,000 was declared this week. The amount is 1% per cent payable Aug.
The quarterly dividend paid May 1, before the increase,
1.
was 2 per cent.—V. 68, p. 1179.
American Writing Paper Co.— /rJco»-jpora^ed.— This company, with an authorized capital of $20,000,000, filed articles
of incorporation at Trenton yesterday.
One-half of the
capital stock will be preferred with 7 per cent cumulative
dividends.- See V. 68, p. 1130.
Baltimore & Ohio JiB..— Officers— Receivership Ended
June 50.— Oscar G. Murray has been elected First Vice-President, F. D Underwood Second Vice-President and General
Manager, W. H. I jams Treasurer, and C. W. Woolford
Secretary. Mr. Murray has recently been co receiver and
Mr. Underwood General Manager.
Messrs. Ijams and
Woolford were re-elected. The directors and other officers
are named in this issue on page 32.
The receivership
ended at 12 o'clock last night (June 30).
Listed.— The New York Stock Exchange has listed this
week the company's new securities as follows: (a) $69,798,000 prior lien mortgage Z% P^r cent gold coupon bonds of
1925; (b) $51,475,000 fifty-year 4 per cent gold mortgage
coupon bonds of 1948; (c) $35,000,0r0 4 percent non cumulative
preferred stock voting trust certificates, and (d) $35,000,000
common
stock voting trust certificates. The official stateto the Exchange is published at length on pages 30
to 32 of to-day's Chronicle. It describes fully the company's new secnritiep. and the position of the reorganized
property as regards earnings and charges.
ment
New Stock Authorized.— At the meetings held this week
the additional stock necessary to carry out the plan for the
reorganization of the Baltimore
Ohio Southwestern (viz.
$10,000,000 common and $20,000,000 preferred) was duly
authorized.
Decree Value of Unassenting Bonds. Referring to the list
of bonds payable under order of court as per list in V. 6S, p.
1022, we are officially informed that in the case of each issue
mentioned, each bond and over due coupon is payable at its
face value with interest up to June 17, 1899. Already 99 per
cent of the aforesaid bonds and matured coupons has been
paid and turned in. " The payment in full of principal and
interest of those not turned in has been secured by filing
approved bonds in the case pending in the U. S. Circuit
Court for the District of Maryland, and by reservations in
the order of that Court of power to require the payment of
each bond and coupon as presented." V. 63, p. 1224.
&
—
—
—
Baltimore Belt RR.— Baltimore & Ohio RR. Deposited
Bonds to be Purchased by B. & O. Option of Exchange.
Brown, Shipley & Co. of London, referring to their circular
of June 22, 1893, now inform holders of their certificates of
deposit for 3 per cent first mortgage gold bonds of the Baltimore Belt RR. Co. issued under bondholders' agreement of
November 1, 1897, that the Baltimore & Ohio RR. Co. has
—
elected to exercise their option to purchase the deposited
bonds at par and accrued interest on September 1, 1899.
Holders of such certificates of deposit as shall accept the
exchange will receive for their bonds new first mortgage 4
per cent fifty-year gold bonds cf the Baltimore
Ohio RR.
Co., bond for bond, with all coupons maturing oa and after
October 1 next, the overdue interest upon the old bonds to
American Bridge Co. Bridge Builders Combination.
The leading bridge construction concerns in the country are be paid in cash. Notice of acceptance must be given on or
in process of formation into a company to be known as the before July 20 next. Bonds belonging to parties who will
American Bridge Co. The proposed capitalization is §50,- not accept the exchange on or before July 20 will be sold
Ohio RR. Co. at par and interest, and the
000.000, of which $20,000,000 will be 7 per cent cumulative to the Baltimore
preferred stock and the balance common stock. Messrs. amount paid over to the owners on return of their certificates of deposit. The announcement of the London firm,
Harriman
Co. have charge of the underwriting.
American Cereal Co.— Injunction.— At Akron, O., June published in another column of this issue, gives further details.
Holders in this country may signify their acceptance
19, Nellie M. Hower and Mary L. Metzger brought another
Co. of this city, Philaof
exchange
to Brown Brothers
suit to restrain the company from entering into any combi
Sons, Baltimore.
delphia and Boston, or to Alex. Brown
nation or trust. The plaintiffs say that the officers are ne
V.
1224.
68,
p.
gotiating for the transfer of the company, and that they will
&
—
&
&
&
be compelled to take stock of an inferior value. The application was to be heard on June 26,— V. 68, p. 1130.
&
Boston Elevated RB.— Increased XHrtdend.— The company
has declared a payment of 3 per cent on its receipts, payable
THE CHRONK^LE.
26
%
Aug.
15.
This is an increase of
per cent ovcr the two
previous semi annual payments.— V. 67, p. 1107.
Boston & Albany RR.— New York Central & Hadson
River RR.— Leased.— President S. R. Callaway of the New
& Hudson River RR. yesterday afternoon gave
out the following type- written statement:
"At a meeting of the board of directors of the New York
Central & Hadson River RR. held to day, the lease of the
Boston & Albany RR. to the New York Central & Hudson
River RR. for a period of 999 years, was unanimously passed,
and President Callaway has been notified that simitar action
had been taken by the Boston & Albany road." V. 68, p.
York Central
,
—
925, 1223, 1226.
Brooklyn Union Elevated RR.— Brooklyn Rapid Transit
Bonds Listed.— The New York Stock Exchange has
listed the 1112,890,000 first mortgage 4-5 per cent gold coupon
bonds of 1950 issued by the Brooklyn Union E'evated RR.
Electric Cars on the Elevated head, — The eJectrical equipment of the Fifth Avenue branch of the Brooklyn Union
Elevated RR. to 36th Street was to be completed this week
and the electric car service put in operation by way of the
incline and the Prospect Park & Coney Island division to
Maohattan Beach.— V. 68, p. 821, 1224.
Brooklyn Union ElevatedRR.—Quar^erZi/. —Earnings for
the quarter and the nine months ending March 31 were
Co.
:
3 tnonthf end-
inO March 31.
1899
1898
9 months —
1898-9
1897-8
Oross
earnings,
$511,';64
Net
earnings,
42e,766
$212,192
148,897
1,859,597
1,259,421
467,745
446,087
Other
Interest,
income, taxes, et*.
Balance.
$215 $104,912 8Ur.$107,495
210,202
16,744
def.
61.305
*?05,395 sur. 2-9,094
640,500 def. 194,413
No bond interest included in 1898.— V. 68, p. 821.
Central Electric Ry. of Kansas City.— Metropolitan
Street Ry. JS'eiv Mortgage.— The Central Electric Railway
has made a mortgage to the Colonial Trust Co., as trustee,
to secure $2,500,000 of |1,000 5 per cent gold bonds dated
May 1, 1899, and due May 1, 1914. The present issue, it is
The " Kansas City Star" says
stated, will be $3,000,000.
•
:
Railway Co. Is controlled by the Metripolitan
Street Railway Co. and owns in one ooosolidatlon the Brooklvn Avenue line, the Northeast electric line and the aew connecting line on
Grand Avenue. All of the property and franchises of these three
lines are covered by the mortgage.— V. 67, p. 72; V. 68, p. 1226.
Central Pacifle ILR,— Coupons Due July 1— Readjustment
Notice.
Speyer & Co. remind holders of their certificates of
deposit for Central Pacific first mortgage bonds that, under
the provisions of the plan of readjustment, the holders will,
upon completion of the read justment, receive interestlin cash to
to Aug. 1, 1899, from which date the new bonds will bear
The holders are therefore reminded that the Juiy 1,
interest.
1899, coupons should not be detached from the certificates,
but must be surrendered with the certificates in exchange
for cash and new securities when ready.
Fori closure.— At Sacramento yesterday D. O. Mills and
Ogden Mills, as mortgage trustees, brought suit to foreclose
the lien of "series A" first mortgage bonds of the Central
Pacific aggregating $6,638,000.— V. 68, p. 721.
Tlie Central Electric
—
Cherry Talley Sharon & Albany BR.— Delaware &
Hudson Co.— Payment of Bonds.— The $300,000 bonds of the
Cherry Valley Sharon & Albany RR. due June 15, 1899. are
being p«id and redeemed by the Delaware & Hudson Co by
whom the great majority of them are held. — V. 68, p. 1180.
Chesapeake & Delaware Canal Co.— -ftepor^.— The report
,
for the year 189!"'-99 shows
G^ross revenues from tolls,
$135,523; from other sources, $8,817; cost of maintenance,
$45,119; interest on mortgage loan of $;, 602,950 at 4 per cent,
$104,118; deficiency taken from contingent fund $t,S98. The
capital stock and scrip on May 31, 1899, amounted to $1 903,339, the contingent fund to $77,044 and the special fund
for interest to $2'",000. The President is Joseph E, Gillingham. The company's office is at 528 Walnut Street, Pniladelphia.
:
Chicago & Alton RR.— i\1ew Mortgage.— The directors
have called a special meeting of stockholders for Sept. 7 to
authorize a mortgage for $40 000,000, under which an issue of
50-year 3 per cent bonds will be made, the proceeds to be
used for refunding about $9,500, Ono bonds maturing during
the next four y ears.and also to provide funds for improvements
and extensions. A circular will be issued to stockholders in
a few days offering them subscription rights for such portion
of the bonds as it is proposed to issue immediately.
St. Louis & Nortttern Short Line.
The expectation is that
—
the Illinois Central
RR.
Co. will take over the portion of the
St. Louis & Northern Short Line lying between Springfield
and Glen Car bon,a distance of 85 miles, and that the 63 miles
from Springfield to Peoria will be merged in the Alton
system.- V. 68. p. 1225.
Chicago Bnrlington & Quincy RR.— Construction.— Contracts have been let for a portion of the extension of the
Burlington & Missouri River from Alliance, Neb., south
about 160 miles to Brush, Col.
Called Bonds. Certain Burlington & Missouri River RR.
Co. in Nebraska non-exempt 6 per cent consols due July 1,
1918, have been drawn for payment, viz; One hundred and
twenty-two bonds for $1,000 each and twenty-three bonds for
$600 each. These bonds will be paid at the office of the New
England Trust Co., Boston, on -fuly 1, 1899, with accrued
interest to that date.— V. 68, p. 1224.
Chicago Terminal Transfer RR.— iVew Official.—3ohu N,
Faithorn, President of the St, Louis Peoria & Northern
—
[Vol. LXIX.
Railway Co.. has been elected Vice-President of the
Chicago Terminal Transfer Railroad Co., and is expected to
assume his duties in Chicago on Aug. 1 next. V. 68, p. 1325.
Cincinnati & Miami Valley Traction Co.— <'incinnati &
Hamilton Electric Street Ry.—^/iiance.— Will. Christy of
Akron and M. J. Mandelbaum of Cleveland were elected to
—
the directorate of the Cincinnati & Miami Valley Traction
Co. at Dayton on June 24. This is understood to mean the
practical absorption of the road by the Cincinnati
Hamilton Electric Street Railway Co. and the probable completion
of an electric line from Cincinnati to Dayton. These gentlemen, with Peter Schwab of Hamilton, O., are understood to
control both roads.— V. 68, p. 1225; V. 67, p. 529.
&
Cincinnati Gas Light & Coke r©. Dividend Reduced. —
The quarterly dividend payable July 1, has been reduced
from
2%
to 2 per cent quarterly.— V. 67, p. 1356.
Colorado Midland Railway.— Ltsfed.-The New York
Stock Exchange has listed an additional $1,231,000 first
mortgage two three-four per cent 50-year gold bonds of 1947,
issued in exchange for an equal amount of Busk Tunnel
Railway Company's first mortgage bonds as per statement in
Chronicle of June 10, page 1131. The Busk Tunnel bonds
will remain on deposit with the Central Trast Co., trustee,
until the whole issue of 1,250 bonds has been acquired, when
they will be canceled and the Tunnel property merged into
the property covered by the lien securing the first mortgage
bonds of the Colorado Midland Railway Co
The present
listing makes the total amount of the 2-3-4 bonds listed to
date $7,481,000.
Non Obligatory Interest Pjtid in Scrip The 2 per cent
non obligatory interest on first mortgage 2 3-4 per cent bonds,
numbered from 1 to 6,250, is payable to-day at the Central
Trust Co., in scrip, convertible into preferred stock voting
trust certificates. The semi-annual cash payment of 1 per
cent is payable at the same time and place. The payment in
July. 1898, was similarly made in cash and scrip. The facts
regarding the iuterest rights of the $6,250,C00 bonds were
in Chronicle of April 30, 1898, page 856.— V. 68, p. 1131.
—
Columbus Sandusky & Hocking R,R.— Reorganization
to be Returned.- The
to Disband — Securities
Committee
Fitzgerald committee gives notice to the holders of the Mercantile Trust Co 's certificates of deposit for securities deposited under the reorganization agreement of May 12, 1898,
that the reorganization plan has been abandoned and that
in view of pending litigation etc., it is deemed impracticable
The committee, therefore,
to formulate any amended plan.
will DO longer act on behalf of the bondholders, and the
latter are notified that they can now withdraw their securi-
without payment toward the expenses incurred by the
committee.— V. 68, p. 1023.
ties
Connecticut Lighting
The prospectus,
& Power Co.- $6,000,000 Bonds.—
an issue of $6,000,000 ^% per cent long-time bonds to be applied approximately
as follows: To pay for the Waterbury Traction, New BritElectric, Norwalk Street, Naugatuck Electric
ain Central
Light, and Housatonic power properties, $3,250,000; to retire, if possible, bonds of the Greenwich, Stamford, and Norwalk lighting properties, $600,000; to build the projected
Housatonic dam, near Zoar Bridge, to snpply electric power,
*1, 000, 000; other expenditures, $400,000; to be left in the
The first mortgage
treasury for future needs, $750,000.
bonds of the New Britain and Waterbury properties, $1,200,000. it is said, will be called and retired at 104 and interest.
it is
stated, provides for
&
-V.
68, p. 1132.
Dakota Pacific RR. Official Statement.— An official
statement to us gives the length of the line from Rapid City,
S. D., to Mystic, S. D., as 40 miles, of which lO miles is in
operation and the remainder under contract to be completed
Jan. 1, 1900. The mortgage is for $6)0,000 dated May 15,
The
1899, securing 5 per cent gold bonds due April 1, 1929.
International Trust Co. of Boston is the mortgage trustee
and will pay the interest beginning Oct. 1, 1899.— V. 68, p.
1180.
—
Delaware & Hudson Co.— Sale of Canal. The canal has
been sold to S. P. Coykendall, who controls the Ulster &
Delaware RR. and a number of water-ways.— V. 68, p. llbO.
Detroit Street Railways.— Ctfy Purchase Tabled.— In the
Detroit City Council this week the joint committee on streets
and ordinances reported that no terms could be made with
the railways if three-cent instead of five-cent fares were inserted in the security franchise. Considering, therefore, the
litigation, the lack of legal authority for a special election,
and the other contingencies, the committee unanimously
declined to recommend any steps towards city ownership at
This report was unanimously accepted. The
this time.
several ordinances relating to the proposed purchase were
tabled, and it is doubtful when the subject will be again
publicly discussed.— V. 68, p. 1132,
Distilling Co. of America.— American Spirits Manufrtctaring Co. New Acquisition. Deposits.— The Distilling Co.
of America has acquired the property of the Philadelphia
—
Pure Rye Distillery Co., an important mutual company composed of some forty stockholders comprising, it is claimed,
a majority of the large wholesale liquor dealers and blenders
of Philadelphia. The deposits of stocks tinder the plan of
consolidation have been heavy and it is understood that a
large majority of all classes is now in the hands of the trust
company except stock of American Spirits which is widely
—
July
—
—— —
THE CHRONICLE.
1899.]
1,
The time for deposits expired yesterday but it is
understood will be extended.
Opposition to Plan. A protective committee conpisting of
Lewis W. Babcock, Hugh V. Roddy, Jr., and A. Devoe
Wall, have called a meeting of the stockholders of th«
scattered.
—
Spirits Manufacturing Co. who are dissatisfied
with plan, to be held at the Astor House, New York (Parlor
74), on July 5, 1899, at 3:15 p.m.— V. 68, p. 1224.
American
Dnminion Iron & Steel Co.— Dominion Coal Co.—
Company Organized. — The Dominion Iron & Steel
Co. was organized at Montreal on June 22 with capital stock
of $20,000,000 and a proposed bond issue of $15,(00,000, to
Steel
steel works at Sydney. Caoe Breton.
The works, it is said, will have a capacity of from 1,000 to
1,500 tons of steel a day. The new companv proposes giving
the Dominion CcalCo. a contract for from 1,000,000 to 1,500,
000 tons of coal a year. The oflBcers of the new concern are ;
H. M. Whitney, Boston, President; R. B. Angus, Montreal, Vioe-Presi
(lent; J. S. McLennan, Montreal. Secrf tary; B. F. Pearson, Halifax,
Treasurer.
he directors include: Hon. George Cox, Toronto; Sir
William C. Van Home, Montreal; Hon. David MoKean, Cape Breton;
James Boss and Robert Mackay, Montreal; J. Paget, England, and M.
F. Dwyer, Halifax.
establish large iron
and
"
No
building,
legislation
law.—V.
now
is stated, will be done until the bounty
before the Dominion Parliament becomes a
it
68, p. 427, 1129.
Electro Pnenmatic Transit Co.— i4sses«men^.— Leopold
Wallach, counsel to the Reorganization Committee now in
charge of the affairs of the company, is quoted as saying
that as the company is in a position to obtain some business,
an assessment is proposed for the purpose of supplying the
necessary working capital. The amount of the assessment
has not been decided upon, but will probably be announced
next week.— V. 65, p. 464.
Ely ton Co. Plan Effective. Holders of 5 per cent first
mortgage bonds to the amount of $1,357,000, and of 13,225
shares of stock, having assented to the plan (see V. 68, p.
1180, 1075), the committee has declared the plan effective.
After July 15, 1899, deposits will be received only on such
terms as the committee may prescribe, Gordon McDonald
and Smith & Weatherly as attorneys for the holders of
$54,000 of the $128,000 Elyton Land Co. dividend trust bonds
have filed a bill in the Chancery Court of Jefferson County,
Ala., asking for relief from the alleged hardship of the plan.
—
—V.
68, p. 1180.
—
Federal Steel Co. Injunction Dissolved. The temporary
injunction granted last week to restrain the company from
paying a dividend on its common stock before Jan. 1. 1900,
was dismissed by Vice-Chancellor Grey, at [Camden, N. J.,
on Monday, on motion of Henry I. Budd, counsel for Kerns
and the other preferred stockholders who instituted the
suit.
Mr, Budd says:
suit ai the request of Walter B. Kern, who has heeu
convinced that the sum set aside for the payment of the dividends on
preferred stock is sufficient to meet that obligation ftfter the payment
of the dividend of 1^4 per cent on the common stock. He does not admit that the company has the right to pay this dividend in advance of
that on the preferred stock, of which Be holds 2,500 shares; but from
his knowledge of the linancial condition of the company, obtained
since the suit was entered, he is willing to take the risk of receiving
his dividend out of the sum ^et aside.
I
withdrew the
The distribution has accordingly taken place, the stock
being quoted "ex dividend" on Wednesday. V. 68, p. 1225,
611a Valley Globe & Northern Ky. -Bonds Listed on Exchange. The bonds of this company that bear the endorsed
guaranty of the Southern Pacific Co. for payment of- the
principal and interest were listed this week on the New
York Stock Exchange. The $1,470,000 bonds listed bear the
—
—
distioguishing numbers from 1 to 264 inclusive and 309 to
1514 inclusive. The forty-four bonds 265 to 308 inclusive are
not as yet guaranteed, being held pending the determination
of a controversy as to the rights of various claimants thereto.
The earnings of the road for the first five months of 1699
were $181,661 gross and $100,198 net, after deducting $24,518
for betterments. The interest charge for the full year is
only $75,700.—V. 68. p. 232.
Hudson Telephone
The stockholders were
Co. of Jersey City.— New
Stock.—
to vote on Monday evening upon a
proposition to increase the capital stock from $300,000 to
The Street and Water Board of Jersey City
$1,000,000.
recently gave the company permission to extend its lines
through the city. The company in 1897 made a mortgage
for $300,000 to the State Trust Co. as trustee.— V. 65, p. 516.
27
proper condition. Expert opinions were readMn favor of a
large outlay, on the ground that the culverts, oridges, etc.,
aie in bad condition, and that a new supply oi rolling stock
The certificates authorized will provide for new
is needed.
equipment, preferred claims and necessary repairs to the
permanent way, V, 68. p. 1225.
Kings County Electric Light & Power Co.— /.is fed.— The
New York Stock Exchange has listed the company's $2,500,000 of first mortgage 5s of 1937, $5,000,000 purchase money
6s and $1,950,0.0 of capital stock.— V, 67, p. 1356.
Lake Shore & Michigan ^ouihern.— Statement for HalfYear. Earnings for the six months ending June 30, the
figures for 1899 being partly estimated, were
—
—
:
Gross earn's.
Net.
Charges. Dividends.
1899 (est.). .$10,-24.469 '$3, 14,4.59 $1,410,000 $1,731,327
1898 (act.).. 10,109,609 3,213,870 1,410,000 1,731,327
6 months.
•
Operating fxpenses in 1899 Include $510,398 for
— V. 68, p. 1182
Fat., sur.
$173,132-
72,54*
new equipment.
—
Louisville Evansville k St. Louis RR.— Equipment
Additional Receiver's Certificates
Judge Wood at Indianapolis, on June 24, authorized the receiver to purchase 500
coal cars, of a carrying capacity of 80,000 pounds each, at a
cost ot $350,000, and to issue receiver's certificates bearing 4
per cent interest in order to pay for the same. The amount
of receiver's certificates outstanding previous to this order
was officially stated as $539,000.— V. 68, p. 872.
Manhattan Ry. Potcer House. President George J.
Gould on Tuesday made the following statement: "The company has secured a location for its power house on Seventyfourth and Seventy-fifth streets and the East River. The
plot has a frontage of 204 feet on the river by 570 feet on the
side streets, enough space to install the power for the
elevated system and allow for an increase in growth of 50
per cent. The contract for 9,000 tons of third rail, weighing
100 pounds per yard has been given to the Lackawanna Steel
Co., the delivery and installation of which will commence in
September. During the past week competitive bids have
been received from the largest engine builders and boiler
factories in the country, which are now being tabulated and
compared for the action of President Gould and the Executive Committee."
Stock Holdings
The company is getting consents of stockholders for the issue of its bonds in registered form, to make
them available for savings-bank purchases. A list in circulation, it is stated, shows holdings by Russell Sage of 23,8'"0
shares and the Gould executors 144,0C0 shares.
Battery Parfc.— Commissioner Clausen of the Park Department has granted a three months' extension of his six
months' notice served upon the Manhattan Railway Company
on Feb. 17 to quit Battery Park,- V. 68, p, 1182.
Metropolitan Street Ry. of New York.— Air-Power Cars.
A number of air-power cars have been in successful operation for some days on the cross-town line extending from
East 34th Street to West 23d Street. They run smoothly and
without noise. By the end of this week it is hoped to have
24 similar cars in use on the 28th and 20th Street line.
Delay in the completion of the large air-compressor, which
was to have been ready last December, has hindered the
introduction of the new motive power as expected.
$5,000,000 Treasury Stock Offered at Par.— The remaining
of
the
authorized capital
stock
as
$5,000,000
raised in August, 1898, from $30,000,000 to $45,000,000,
is now offered for subscription
at par to the stockholders of record on July 20, to the amount of one share for
every eight held. Subscriptions, accompanied by checks in
payment thereof, must be delivered to the Secretary of thecompany, 621 Broadway. New York, before 3 p.m., on Aug.
The new certificates will be delivered on and after
15, 1899.
that date.
Scrip will be issued for fractional lots, exchangeable for stock in amounts representing entire shares.
Rumors Regarding Majihat tan Ry. It was rumored this
week that an option upon sufficient stock of the Manhattan
Railway Co. to carry control had been offered to the Metropolitan Street Railway interests by a prominent banking
firm.— V. 68, p. 1182.
Mexican National RR. Redemption of Subsidy Bonds.
—
—
—
—
—
—
&
London, announce the numbers of twenty
certificates representing the company's $1 000 second mortgage "A" and "B" 6 per cent subsidy bonds, drawn for
redemption at par, with accrued interest to June 30, 1899,
per terms of trust deed of Sept. 1, 1888, and now payable
Matheson
Co., of
at their office,
the rate of
50 per
bond.— V,
^24.
at
$1,302
68, p.
Indiana Illinois & Iowa Ry.— Increase of Stock— Exien
Michigan Central. Statement for Half-Year. Earnings
«ton.— The stockholders recently authorized an increase in
the capital stock from $4,000,000 to $6,000,000. A small for the six months ending June 30, were
iiurFirst
DiviFixed
Gross
Net
Profit
amount of stock in the treasury and $1,000,000 of this new
—
:
issue will be used in connection with the extension of the
road to the Mississippi River. The Streator & Clinton RR.
Co. has been incorporated to build the portion of this extension lying between the east line of Putnam County and East
Clinton on the Mississippi, The Indiana Illinois & Iowa is
building under its own charter the line from Streator to the
west line of La Salle County.— V. 68, p. 1133.
Kansas City Pittsburg & Golf 'RR— $800,000 R(cevers'
Certificates Authorized,— Judge Thayer and Judge Philips
of the Federal Court at St. Louis, on June 24, authorized the
receivers to issue $800,000 receivers' certificates, to rank
ahead of the first mortgage bonds. While asking for this
amount, the receivers expressed the opinion that an outlay
of $3,711,000 was required to put the road and equipment in
plus.
6 mos. earnings, earnings.
Charges. ToOan.So. dends.
1899 est $7,1.'S6,000 $1,762,000 $1,212,000 $153,000 $374,7H0 $22,240
1898 act 6.972,000 1,252,000 1,212,000 150,000 374,760 15,240
—Vol. 68, p. S69.
Minneapolis & St, Louis RJi..— Listed.—T\ie New York
Stock Exchange has listed the com^-any's $7,600,000 first and
refunding mortgage 4 per cent fifty-year gold coupon bonds
of 1949. The proceeds from the bonds issued were used to
provide the funds to pay off the entire issue of the five per
cent first preferred stock, to acquire 143 miles of road and
to construct 139 miles of new road. The facts are set forth
at length in the company's statement to the Exchange, which
we publish on a subsequent page, V. 68, p, 872.
—
Missouri Pacific Ry.— St. Louis Iron Mt.& Southern Fy.
—Securities Authorized.— T'he stockholders of the St. Louis
THE CHROJSICLK
28
Iron Mountain & Sonthern Ry. on June 26 voted unanimously to increase the capital stock by the amount of §40.000,000,
and to authorize the issue of $40,( 00,000 of thirty-year 4 per
cent bonds for the acquisition of Texas & Pacific second mortgage bonds, and for the other purposes stated fully in the
Chronicle of April 1, page 619.— V. 68, p. 1025.
Monougahela River Consolidated Coal & Coke Co.— Prospcctus.— The prospectus is quoted as proposing an issue of
$i0,r00,000 of common and sglO.OdO.OCO of - per cent preferred
stock in $50 shares and $10,000,000 6 per cent 50 year bonds.
Pittsburgh bankers, it is stated, have offered to subscribe
for all the bonds.— V. 68, p. 1077.
National Bank of North America, New York City.—
LiHtid.— The New York Stock Exchange has listed the $300.000 additional stock, making total amount listed $1,000,0 0.
—
National Shear Co. Bankruptcy Proceedings. A petition
in involuntary bankruptcy Avas filed in this city on Monday
against the company by Arthur E. Dennison, W. Stanley
Campbell and Louis A. Wyman, of Boston, holders of |37,000 notes of the company. Ttie company recently issued a
statement showing, it is stated, assets of $1,270,297, and total
liabilities $301,000, of which $95,000 on notes held by J. C.
Pearson which are contested by the company.— V. 67, p. 530.
National Tnhe Company.— A^ame and Capital.— At Trenton on Jane 27 the United States Tube Company filed an
amended charter with the Secretary of State changing its
name to the National TuDe Co. and increasing its capital
stock from $75,060 to $80,000,000, of which $40,000,000 is to be
The incorporators
7 per cent cumulative preferred stock.
are: William P. Cbapman, Jr., Clifton Wharton, Jr., and
C. A. Lament. W. P. Chapman is President and Alberts.
Ridley, Secretary.
Acquisitions.
press despatch from Redwood, West Va.,
on Jane 25, said that the purchase of the plants of the RiverSteel Co. for $6,000,000 would be consummated
side Iron
by July 1, the local stockholders mostly accepting stock in
the new concern at the rate of $8 for $1. V. 68, p. 872.
National Wall Paper Co. Dividend on Debenture Stock
A quarterly dividend of 2 per cent on the debenture stock
has been declared payable to-day. In January and April,
this year dividends for a like amount were paid, but from
Ocfober, 1897, to October, 1898, no dividends were declared.
—A
&
—
—
—V. 66, p. 75^.
New England
Cotton Yarn Co.— ConsoHdathn.— This
being organized with authority to issue $5,700,000
5 per cent gold bonds, $5,000,000 7 per cent preferred cumulative stock, and §5,000,000 common stock, for the purpose of
consolidating the following yarn mills of New Bedford, Fall
Bennett, Rowland, Rotch, and
River, and Taunton, viz
New Bedford, of New Bedford; Manasket and Cohannett of
Taunton; Globe, Sanford, and North Dighton of Pall River.
The officers of the new company, it is stated, will be
company
is
:
:
Preaidei t, Andrew G. Pierce, President of the Wamsutta Millp, New
Bedford; Vice-Presidents, Edward D. Maltby of the Cohannett Mills,
Taunton; Andrew G. Pierce, Jr., Treasurer of the Pierce Mills, New
Bedford; Executive Committee to manage tliemills, J. Frank Know es
of the Acushnet and Hathaway Mills, New Bedford, Chairman; E. B.
Jennings, Fall River; Edward D. Maltby, Taunton; A. G. Pierce, Jr.,
New Bedford; James E. Stanton, Treasurer of the BeLnett Mills, New
Bedford.
The consolidation, which it is understood has been
definitely
&
arratiged, is being financed by Baring Magoun
Co. of New
York, Baring Brothers
Co. of London, and Kidder Peabody
Co. of Boston.
&
6
New York &
Officers.
into
&
it
(Queens (Jas
&
Electric Co.— Consolidated.—
—This company, recently organized, has had merged
the following companies:
Power
Co., Newtown Light
Electric Light Co.
&
New York &
& Power
Queens Light
Co. ana the Flush-
ing Gas
The directors are:
Frank Tilford (President), Henry R. Wilson (Vice-President),
George F. Baker, Harrison E. Gawtry and Martin Maloney. J. N.
Bissell, former General Manager of the Municipal Electric Co. of
Brooklyn, has been appointed Ceneral Manager, with headquarters at
Flushing.
The New York office will be at 41 Wall Street.
Bonda Cffered.—On another page will be found an advertisement oi Wilson
&
Stephens of this city, offering for
and interest a block of this company's 5 per cent
gold bonds, dated July 1, 1^99, due Jan. 1, 1949, the Ul ion
Trust Co. of New York being trustee. The bonds thus
offered are a pait of the $900 OC'O to be immediately outsale at 105
standing, $100,000 being reserved for future uses.
President Frank Tilford says in substance
The company has had mersed into It the Flushing Gas & Electric
Light Co., the New York & CJueens Light & Power Co. and the Newtown Light <fe Power Co., all of which, we are advised by counsel,
operate under perpetual franchises obtained from the old municipal:
ities before the adoption of the new charter of the city of
It has also acquired by purchase other valuable franchises
New
York.
and rights
which it proposes to utilize in due time.
The foregoing constituent companies have been supplying Flushing,
Murray Hill, Inglcside, and other sub-divisions of the old Town of
Flushing, with gas and electricity, and Newtown, College Point and
Whltesione with electriciiy. It is the Intention of the company to
extend its mains to Whitestone, under franchises controlled by it, to
supply the demand existing there for gas.
The bonds now issued are secured by a first mortgage on the entire
property, being subject to only $135,000 of outstanding bonds of the
New York & (Queens Light & Power Co. These are under contract to
be delivered by Xun. 1, 1899, and upon fulfilment of same application
will be made to cancel and release the mortgage. Meanwhile $150,000 in cash for the retirement of these bonds will be lodged with the
trustee. The proceeds of the present issue will provide funds with
which to make needed changes in equipment, enlarge the main and
wire system, and supply working capital. At the present time the net
incomois more than utticient to meet the interest charges on the
With changes in existing contracts, conpresent issue of bonds.
in the
Borough
,
of Queens,
[Vol. LXIX.
eflfected, the income will be
of this year the inlargely
excess of these figures. Up to June
crease of the gas output over last year was about 27 per cent, while
for the five months ending May 31, 1899, the increase in r et income
from electric lighting has been about 40 per cent over the same period
of last J ear.— V. (>8, p. 1183.
templated extensions and improvements
m
1
New York Electric Vehicle Transportation Co.— Officers,
—The directors are Harry Payne Wbitney, H, H Vreeland.
E. D Morgan, James Stillman, William Jay, George G.
Haven,
is
Jr.,
Martin Maloney and
President,
J. E.
Hayes.
Mr. Whitney
Mr Morgan Vice-President and Arthur
Secretary and Treasurer.
— V.
Phillips
68, p. 1025.
Northern Alabama Railway— Sonthern Railway.— Compon fayment. The Northern Alabama Railway having
been acquired by the Southern Ry. Co., notice is given that
coupons due July 1, 1899, from prior lien bonds and general
lien bonds will be paid by J. P. Morgan & Co., New ^ork.
—
— V. 68, p. 1134.
North River Electric Light & Power Co.— Bonds
Called.
entire issue of bonds dated July 1, 1893, are called for
payment, and will be redeemed at the office of the Atlantic
Trust Co., New York City, on July 24, 1899, at 104 and
accrued interest. V. 68, p. 1227.
—The
—
Philadelphia Company of VWi^hnrg.— Equitable Oas Co.
Acquired.
The company has acquired for ca&h nearly all of
—
the $1,000,000 capital stock of the Equitable Gas Co., a
natural gas company organized by manufacturers in 18S9 to
supply certain mills in the LavvrenceviUe district. The lines
acquired extend to the Murraysville field and into Armstrong
County, and have supplied from 8,000,000 to 10.000,000 feet
of gas per day.
Consolidated Traction Co. Negotiations have been in
progress for the acquisition of the Consolidated Traction
Co., but have not reached the stage for an official announcement. At one time last week the probabilities seemed to be
that both properties would be transferred to the American
—
Railways Co.— V. 68, p. 973.
Pittsburg & Western Railway Co.— Coupon Payment.
Morgan
—
&
Co. give notice to the holders of the first
mortgage 4 per cent gold bonds deposited under their notice
of Dec. 14, 1898, that the amount of the coupon due July 1,
will be paid by them to the certificate holders on and after
that date, from funds provided by the receiver. The coupons
due July 1, 1899, on the deposited bonds will be canceled
and surrendered to the receiver. V. 68, p. 1227.
J. P.
—
Quebec Central Ry. Co.— Plan Approved.— Earnings.—
At the meeting on June 5 the plan of readjustment cited in
V. 68, p. 1077, was unanimou3ly adopted. The annual report
states that the gross earnings for 1898 were $450,249, as compared with $457,643 in 1897; operating expenses (including
taxes), $303,908, against $309,555, making the net earnings
other income, $1,013, against
8146,341 against $148,088
$3,674, making the net revenue $147,354, equal to £30,278,
against $150,762, equal to £30,979. After providing $83,166
for interest upon the prior lien bonds, and writing off $5,863,
there remains a net revenue balance for the year of $56,325,
which, added to the $13,450 brought forward from 1897,
makes an available balance of $69,175, out of which a dividend of 1% per cent has been declared on the income bonds,
;
payable on the 16th inst., absorbing .$57,572, and leaving a
balance at net revenue account at Dec. 31 last of $12,203.
Option to Exchange.— Holdei a of prior lien bonds who
wish to exchange their bonds for a like amount of new 4 per
cent debenture stock and a cash bonus of £3 per cent must
deposit their bonds on or before August 1 (without the
coupon due that day) with the English Association of American Bond and Shareholders, Limited, 5 Great Winchester
V. 68, p. 1077.
Street, London, E.
Railroad Equipment Co. — ilfr. Post Bankrupt. Judgment for $72,240 was entered recently against this company
of 45 Wall Street in favor of Levita & Co. on seventy bonds
of the company, interest on which had gooe to default. The
Railroad Equipment Co. was established by Post, Martin &
Co. and largely financed by them and thi-ir successors Post,
Pomeroy & Co. On Tuesday of last week Henry A. V. Post,
Treasurer of the Railroad Equipment Co., tiled a petition in
bankruptcy, both individually and as surviving partner of
The total liabilities are .$3,464,575. The
the two firms.
Railroad Equipment Co., it is claimed, owes Post & Pomeroy
C—
$1,576,303.
The Equipment
standing and in
its
—
Co. on
June
30, 1895,
had out-
treasury equipment bonds to a total of
$4,355,100.
St. Joseph* Grand Island Rj.— Dividend.— The company
has declared a dividend of 1 per cent on the first preferred
This makes 3 per cent paid in
stock, payable Aug. 1, 1899.
the current calendar year, as against 5 per cent in 1898.—V.
68, p. 1183.
& Western RR. New Company
in Possession.
of
$100 each, took possession at midnight June 30 of the properWestern RR., foreclosed on
ty of the Sioux City O'Neill
Sioux City
—This company, with $2,500,000 of capital stock in shires
&
May 26.- V.
68, p. 1183.
Standard Oil Co.— Exchange of Trust Certificates.— The
trustees in liquidatien announce that more than two thirds
of the trust certificates, originally aggregating $97,250,000,
have been converted into the corporate stocks to which the
holders were entitled, and that after allowance of a reasonable time for the surrender of the certificates still outstanding tbe trustees will cease to distribute dividends thereon.
Certificates surrendered are exchanged for "assignments"
—
JulV
\vhich
—
1,
—
THE CHRONICLE.
1899.]
represent
a
proportionate
share
in
each
of
the
These "assigntwenty companies composing the Trust.
ments" are exchangeable, as stated last week, for common
stock of the new New Jersey Company, on a basis equivalent
to $100 new common stock for each $100 old trust certifi -ate
deposited.
cash payment of 2'6S per cent is also made to
represent a distri^-ufion of the Ohio company. The twenty
constituent companies include the Northern Pipe Line Co.
and the South Penn Oil Co., together with the eighteen
companies mentioned, with the value of their assets as of
1892, in the Chronicle of June 25. 1898 (V. 66, p. 123S). The
New Jersey company is authorized to issue |1(10,000,000 of
common and $10,000,000 of 5 percent non- cumulative preferred stock. The latter it is understood will be held in the
treasury for the present— V. 68, p. 1327.
A
Staten I^laud Rapid Transit Rti.— Payment on Second
Hallgarten & Co. inform holders of cerMortgage Bohds
tificates of deposit for secoad mortgage 5 per cent gold bonds
issued under bondholders' agreement of July 5, 1898, that on
and after this date they will pay to holders thereof $76 87 for
each bond represented by said certificates, being the equivalent of the interest dae Jaly 1, 1893, Jan. 1,. 1899, and July 1,
1899, on each bood, together with interest thereon at 5 per
cent.—V. 68, p. 774.
Snsqaehanna Iron & Steel Co. On Philadelphia Unl'sted.
The company's 300,000 shares of capital stock, par value
$5 full paid, hive been placed on the unlisted department of
—
—
the Philadelphia Stock Exchange.— V. 68, p. 1227.
Tennessee Coal, Iron &RR.—/)irector,—F. H. Benedict of
the firm of E, C. Benedict & Co., has been elected a director.
The report that E. U. Scnedict had entered the board was a
mistake.— V. 68, p. 1227,
Terre Hante
Co.— f erre Haute Electric Street
Company.— The Terre Haute Electric Co.,
Elet-trie
Suec^s^or
successor to the Terre Haute Electric Street Ry. Co., foreclosed, has filed articles of incorporation, with $1,000,000
capital stock, and has elected the following officers: President, W. R, McKeen; Vice President, J. G. McNutt; Sacre
tary, John T. Beasley; Treasurer, Guy E. Tripp, Tbe
other directors are: Demas Deming and John E. Lamb.
General Manager Tripp is quoted as saying that the construction of the inter- urban line to Brazil, for which the
company has a franchise along the National Road, will be
begun within a few weeks.— V. 68, p, 1227,
Third Avenue RR. of New Vork.— New Stock.—The stockholders of the Third Avenue KR. Co. will vote July 19 upon
a proposition to increase the capital stock from $12,009,000
to $40,0 0,000, to consist of 400,000 shares of $10J ea« h. The
stockholders of the Forty- second Street Manhattanville
St. Nicholas Avenue Railway Co. will vote on the same day
upon a proposition to increase the capital stock of that company from $3 500,000 to $7,501,000.
Edward Lauterbach is quoted as saying " The new stock
will be issued as required to pay for improvements and for
the extinguishment of the floating debt, which amounts to
about $10,000,000, and was created by the purchase of the
stocks and securities of other companies. This will leave no
debt excepting the company's bonded debt of $5,000,000, and
the bonded debts of the constituent companies. The improvements will take in the Third Avenue, the Forty-second
Battery roads
Street and the Dry Dock East Broadway
and the various lines of the Union Railway. The new stock
will probably be issued at par, V. 68, p. 1026.
Toledo Traction Co. Refunding. Holders of the Toledo
Consolidated Street Railway Co. first and second mortgage
six per cent bonds, due January 1, 1900, aggregating $414,000,
can, on and after July 1, 1899, exchange the same at the
office of Blair & Co., New York, for the Toledo Traction Co.
consolidated first mortgage gold os, due 1909, upon the payment of $15 for each $1,000 bond. Holders not desiring to exCo. on a
change their bonds may dispose of same to Blair
3 per cent interest basis. Either option must be accepted on
or before July 15, 1899.— V. 63, p. 1116.
fiy.
—
— — —
&
:
&
—
—
&
Toronto Hamilton & Buffalo Hy.— Listed.— The New
York Stock Exchange has listed the company's $3,280,000 of
first mortgage 43.— V. 6S, p. 1134.
Trenton Gas & Electric Co. -Listed.— The New York
Stock Exchange has listed the company's $1,500,000 of first
mortgage 50 year gold 5s, These bonds were fully described
in the Chronicle of March 25, page 573,
United Electric Light & Power Co. of Baltimore.—
Securities Offerei. — Subscription books closed June 23 in
Biltimore at the offices of Alex, Brown & Sons and the
Baltimore Trust & Guarantee Co, for $3,232,000 of the comfirst consol. 4i>.< per cent bonds at par and
accrued Interest and to $700,000"of its $1,000,000 five per cent
cumulative preferred stock at $40 per $50 share, Ttie company, as already announced, "is a consolidation of theEdifon
Electric Illuminating Co. with the Brush Electric Co,,
and owns all the bonds and all the stock of the Northern
Electric Co,, thus being a practical consolidation of all the
electric light companies doing business in the city of BUtimore," Various facts of importance regarding the enterprise will be found in V.68, p, 929, 1134. Advertisement said:
pany's $4,500,000
Statements from the books of the constituent companies, operated
show for she twelve months ending Deo. 3l8t,
1898, combined gross earnings of over $602,000, and for several years
past a net income considerably in excess of the present fixed charges
of the United Electric Light & Power Co. The reports of experts
Indicate a great reduction In operating expenses as a direct result of
in active competition,
29
the coHHOlidation. The first consolidated mortgage bonds are a lien
upon all the properties, rights, franchises, etc., nnw owned or which
may hereatter be acquired, subject only to $268,000 underlying
bonds o tsta ding. Principal and interest payable in gold coin of the
United States of, or equal to, the present standard of weight and fineness, without any deduction for any tax or taxes which the company
may be required to retain or deduct therefrom by any present or
future law of the United States, or of the State of Maryland for State
purposes. Interest payable semi-annually on Nov. 1 and May 1 at the
binding house of Alexander l^.rown &, Sons, Baltimore; Maryland
Trust o.. Trustee of the mortgage.
The preferred stock is entitled to cumulative preferential dividends
payable out of the net earnings at the rate of 5 p. c. per annum, semiaa ually, Nov. 1 and May 1 in each and every year.—V. 68, p. 1134.
(
United Power & Transportation Co.— Williesharre &
Valley Traction Co.— iVew Acquisin< n.— The
United Power & Transportation Co., we are officially informed, has purchased the Wilkesbarre & Wyoming Valley
Traction Co., which operates and controls 66 miles of track
in the Wyoming Valley, Pa,, extending from Wilkesbarre to
Daryea and Nanticoke on east side of Susquehanna River
and Pittston and Plymouth, on west side.
The manner
of financiag this new acquisition has not been decided upon
Wyoming
yet. Either additional gold trust certificates will be issued or
Transportation stock,
a call made on the United Power
V, 68, p, 1228, 1134.
&
—
—
New Acquisition. Tha
mills belonging to the
Northwestern Consolidated Milling Co. of Minneapolis for
a sum said to be about $1,800,000. Their capacity is 12,500
barrels a day. The capitalization of the United States Company remains as heretofore, viz First mortgage 6 per cent
gold bonds, $7,500,000; 6 per cent cumulative preferred stock,
$5 000.000; common stock, $3,500,000: total, $16,000,000.
United States Flour Milling Co.
company has purchased the five
:
-V,
68, p. 929.
United States Vehicle Co.— /ncorpora^ecf.— This company
articles of incorporation at Dover, Del., on June 23,
with an authorized capital stock of $25,000,000. The purpose, it is stated, is to develop the Stackpole and Francesco
inventions and to manufacture medium-priced vehicles with
compressed air as motive power. The general offices will be
filed
in
New York
City,
United States Worsted Co.— Pending Woolen
A
Yam
Con-
Philadelphia press dispatch says:
solidation.—
It was announced authoritatively on Wednesday that options on
nineteen worstel mill plants have been accepted and that the company will begin operations on July 3. The majority of the plants are
in and around this city. Ttie company starts with a capiial of $16,OOO.OO'i 7 per cent preferred stock and $20,000,000 common stock.
Subscriptions were received on the basis of par for the preferred,
which carried a 60 per cent .bonus of common stock. Earnings for
the plants to be consolidated show that during the past two years the
full 7 per cent on the preferred and 5 per cent on the common have
been made. The oraanizers were prominent in promoting the organization of the American Woolea Co., and there is no doubt that the
two will work in harmony.
This company was incorporated in New Jersey in April,
1899. with $70,000,000 of authorized capital stock, consisting
of $40,000,000 common and $30,000,000 pref.—V. 68, p. 1026.
Vicksburg Shreveport & Pacillc RR. Payment of Coupon Due Jan. 1, 1889. Coupon No. 2, due Jan 1, 1889, from
the third mortgage and land grant bonds will be paid upon
presentation at the Central Trust Co,, N. Y.— V. 67, p. 950.
—
Wheeling & Lake Erie RR. Purchase Authorized— New
— The stockholders on June 26 ratified the
purchase of the Cleveland Canton & Southern and the
They also authorized the proCleveland Belt Line,
Securities.
posed iucrease in the capital stock through the issue of
|lO,000,000 new common stock and of $3,000,(00 first preferred and $5,000,000 second preferred 4 per cent non -cumulative stock. They further authorized the new $15,000,000
fifty-year mortgage, securing 4 per cent bonds to be used for
refuQding and other purposes, as fully stated in the Chronicle
of May 27, page 1027,
There will be left $2,000,000 of the
bonds in the company's treasury. The proposition to the
first mortgage 5 per cent bondholders is nob yet announced,
but it is understood a bonus in preferred stock will be given
for making the exchange. V. 68, p, 1227,
Wisconsin Central Ry. Reorganization Nearly Computed. The reorganization is rapidly approaching completion: foreclosure sale will take place at Eau Claire on Julv7.
The mortgage of the new Wisconsin Central Railway Co.
will embrace the so-called leased lines and all other propdrties which were operated, either separately or in part, by the
Wisconsin Central Company, including the Central Car Co.,
Chi. Wis, & Minn. RR., Mil. & Lake Win. RR. Co., etc.
Final Instalment Called for July 11. The third and final
Instalment of 25 per cent of the several assessments is
payable on or before July 11, 1899, to wit: on account of income bonds .$50 for each $1,000 bond: on account of preferred
stock $5 for each share: on account of common stock $3 50
for each share, Stosk and income bonds not yet deposited
will be received on or before July 11 on payment of the full
amount of the assessment.
Leased Ldnei to be Purchased. Stockholders of the Milwaukee & Lake Winnebago and Chicago Wisconsin
Minnesota railroads will vote at Milwaukee on July 8 to
ratify the sale of the properties, subject to their existing
mortgages, to the reorganization managers. Both of these
companies will go into the new organization, almost all of
—
—
—
—
&
and income bonds and large majorities of their
mortgage bonds having been acquired by the reorganization managers. The stockholders, also, of the Wisconsin Central RR, will ratify on July 12 the sale of that
their stock
first
property to the reorganized
company,— V,
6S, p, 1134, 1238.
.
THE CHRONICLK
30
i^zpoxts
The old
and Mocumznts.
$35,000,000,
THFll/arilvio^
LISTING OF
NEW YORK
NEW
SECURITIES ON
STOCK EXCHANGE.
New York, June 14, 1899.
Ohio Raih-oad Company respectfully applies to have the following described Bonds and Stocks issued by it placed on the regular list of the New York Stock
Exchange, namely:
The Baltimore
&
$69,798,000 Prior Lien Mortgage Three and One-half per Cent Gold
Bonds, due 1925, being 62.799 Bonds for $1,000 each,
numbeied from M 1 to M 62,799, inclusive, and 14.00(»
Common
[Vol. LXIX.
Stock, $25,000,000,
and remains outstanding
is
in the
increased
to
hands of the
Voting Trustees.
More than Ninety-nine per cent of the old Bonds of the
Company which have been declared due and are to be paid
and canceled have been deposited under the Plan. Pursuant to the order of the Court above mentioned, the Special
Masters are now engaged in checking and canceling such
Bonds of the various issues; and upon their report being
completed and filed the mortgages securing such issues of
Bonds are to be canceled and satisfied of recorci, and certificate thereof will be promptly
filed with
the Stock
Exchange.
l-RIOR LIEN
THREE-AND-ONE-HALF PER CENT GOLD BONDS
DUE
for $500 each, numbered from D 1 to D 14,00'\
inclusive, (and Registered Bonds of $1,000 or such
multiples of $1,000 as the Company may authorize,
into which the same may be converted).
$49,975,000 First Mortgage Fifty- Year Four per Cent Gold Bonds,
1
being 44,975 Bonds for $1,000 each.numberedfrom
44,975, inclusive, and 10,00 J Bonds f r$500eHch,
to
1 to D 10,000, iDclnsive, (and Regis
numbered from
tered Bonds of $1,000 or such multiples of $1,000 as
ihe Company may authorize, into which the same may
Bonds
1925.
These Bonds bear interest from July 1, 1898, payable January 1 and July Land are secured by a Mortgage tp The
Trust Company of the City of New York, as
M Mercantile
Trustee, which it is contemplated will be ultimately a first
M
lien upon the main line and branches, Parkersburg Branch
D
and Pittsburg Division, extending from Baltimore, through
Washington, to Parkersburg and Wheeling, West Virginia,
be converted).
$35,000,000 Four per Cent Non-Cumulative Preferred Stocb, being and from Cumberland, Maryland, to Pittsburg, Pennsyl1^50,000 Shares of $100 each (Voting Trust Certificates). vania, including about 1,017 miles of first track and about
$35,000,000
Common
Stock (Voting Trust Certificates).
In February, 1896, the Company became insolvent, aud
receivers of its property were appointed, who bave ever
since continued to hold and operate the same. Thereafter
a Plan and Agreement for the Reorganization of the Company was prepared, under which it was contemplated that
new securities should be issued, either by the present Company, in case satisfactory arrangements could be made with
all of its existing creditors, or by a new Company to be organized to acquire the property of the old Company at foreclosure sale, in case such sale should be necessary, by reason
of the unwillingness of creditors to accept the terras offered.
Nearly all of the creditors and stockholders of the Company having assented to the terms of the Plan of Reorganization, the Company, on April 28, 1899, filed a petition in
the Circuit Court of the United States for the District of
Maryland, under whose original jurisdiction the receivers
had been appointed, setting forth the facts as to the arrangements made by it with its creditors, pursuant to the
said Plan and Agreement for Reorganization, and asking
that the Court would approve the Plan and authorize the
Company to create its new securities as therein contemplated, and thereupon to consummate the same.
Upon this petition, all parties being represented, the Court
on May 15, 1899, entered a Decree approving the provisions
of the Plan and Agreement of Reorganization, authorizing
the issue of the new securities therein contemplated, and
adjudging that such new securities so issued would constitute legal and valid obligations of the Company, and that
the new Stock to be issued would be valid, full paid and
non-assessable. Copies of the Plan and Agreement for the
Reorganization of the Company and of the said petition,
an(i of the order and Decree of the Court thereon, are herewith submitted.
Upon receiving the permission and authority from the
Court the Company proceeded at once to execute and issue
its new Bonds and to execute the mortgages securing the
same, and to issue its new Stocks, all of which has been
done; and such new securities have since the 22d of May,
1899, been in process of distribution by the Mercantile Trust
Company and the London and Westminster Bank, Limited,
its London Agent, to the holders of Reorganization Certificates of Deposit therefor.
The amounts of the new Bonds so far certified by the
Trustees, and the amounts of Voting Trust Certificates issued and registered, are shown by the Certificates of the
Trustees and of the Registrar herewith submitted. The
entire amounts for which application to list is made, as
above stated, are to bs issued for the purposes of the Plan
and Agreement of Reorganization.
The Plan of Reorganization provides for taking up the
old Bonds of the Company, and its old First and Second
Preferred Stock, as follows
:
EAt^H
*1.()00
OH £200
964 of second, third and fourth tracks and sidinats. The
Mortgage is also a lien upon all the equipment now owned
or hereafter acquired by the Company, except such as may
be acquired by the proceeds of First Mortgage Bonds. The
value of the present equipment of the Company is estimated to be upwards of $20,000,n00.
The present authorized issue
gregates
The right
of
Prior Lien
Bonds
ag-
$70,000,000
reserved in the Mortgage to issue after Janunot to exceed $5,' 00,000 additional of these
Bonds at the rate of not exceediug $1,000,0^)0 a year for the
enlargement, betterment or extension of the properties covered by the Mortgage, or for the acquisition of additions
ary
1,
is
1902.
thereto.
Pending the satisfaction of the underlying Mortgages on
the properties included under the Prior Lien Mortgage, the
underlying Bonds are to be held by the Trustee as security
in place of the property itself, the Mortgage providing that
as rapidly as the property itself is acquired it shall become
directly subject to the lien of the Mortgage. All of the
existing Bonds of the B. & O. Company, which are liens
upon the properties included in the Prior Lien Mortgage,
have matured and are to be paid off, except the Bonds of
the Baltimore & Ohio Loan of 1853, which have been extended at Four per Cent to 1935, and the Pittsburg & Connellsville Railroad Company First Mortgage Bonds, which
have been extended at Four per Cent to 1946. As to these
two issues of Bonds the Mortgage provides that they shall
be deposited with the Trustee, and kept alive as security
under the Mortgage until not less than Ninety-seven per
Cent of all the Bonds of such issues respectively have been
deposited under the Mortgage, whereupon the Trustee is
authorized, upon the request of the Railroad Company, to
surrender and cancel the Bonds. The Mortgage also provides that the new Prior Lien Bonds which are to be issued
in exchange for these two series of Bonds under the new
Plan are only to be issued as such Bonds are actually deposited with the Trustee. There have already been deposited under the Plan of Reorganization, and are now
deposited with the Trustee, $1,535,500 of Bonds of the Loan
of 1853, out of a total of $1,661,000 outstanding, and $2,510,000 of Pittsburg & Connellsville Railroad Company First
Mortgage Four per Cent Bonds out of a total of $2,581,000
outstanding. The present application for listing covers all
of the $70,000,000 of Prior Lien Bonds now authorized, excepting the amounts reserved against the Bonds of 1853, and
Pittsburg & Connellsville Four per Cent Bonds above mentioned, which have not yet been deposited.
The Bonds so sought to be listed have been applied as follows:
To redeem Reorganization
Certificates of Deposit as provided in Reorganization Plan
$59,872,000
Sold to provide funds for the purpose of the Reor^^anization
9,927.000
Receives
$69,799,000
BxisTiNG Bonos a vn Stock to Be
Deposited.
5
B,
&
Loan of 1853, eicteaded
Coiisol. Mortgage 6 per cent
Sterling Loaa of 1872
Sterling Lnaa of IM'4
$10 00 11,025
20 «3 1,050
O.
'•
"Kao
Is:
a*§
tl25
125
120
120
126
•»
C^
«0
£?.£:
Is,;
?o
«
.-
a *^
o
>-
*»
$14')
86
5j
I-
-»
50- YEAR FOUR PER CENT QOLDBONDS.
Bonds
bear
interest from July 1, 1898, payable
These
April 1 and October 1, and are to be secured by a mortgage
to the United States Trust Company of the City of New
York and John A. Stewart, as Trustees, which it is con-
FIRST
MORTGAGE
templated will ultimately be a first lien on the Philadelphia,
Chicago and Akron divisions and Branches, and the FairParkershurg Branch Bonds
mont Morgantown & Pittsburg Railroad, covering about
125 "io
& Connells. First Kxtended 4s
First Ts, not extended
125
570 miles of first track, and about 332 miles of second,
125 "ibo
Baltimore* Ohio bs, Loan of IS-'S
also,
and fourth tracks and
and,
third
sidings;
per cent Bonds.
120
Pitts. & Connells. Con. M.
200
Chicago Division 6 per cent
1,070
100
properties now
included
B. & O.
the
in
the
upon
4i^
1«> 95
per cent
Philadelpliia Division
1,001
265
Terminal Mortgage of 1894, when said lines and
.S75
percent Term. Bonds of lh94
B. & O.
1,000
8 33
Akron & Chicago Junction Bonds
1.000
260,
properties are acquired by the Company. This mortPref. Stock
250! 11,000
gage will also be a lien upon the Baltimore Belt Rail50n| 1,000
Washington City & Point Lookout Bonds.
Old Ist pref. stk. may purchase from syndicate
686
760
road, if and when the same shall be acquired by the ComOld 2d uf. stk. may purchase from syndicate
2 O! 1,500
pany, and is a second lien upon all the property and equipOld com. Btock may purctiase from syndicate.
VOT! 1,000
covered by the Prior Lien Mortgage.
ment
* Interest at the rate provided in the Old Bonds, from the date
of
There is herewith submitted a map showing roughly the
the last matured coupon next preceding July l, 1898, up to the date
when the New Bonds begin to bear interest, namely, July 1, 18^8.
On the map the
lines covered by the respective mortgages.
"
"
"
Pitts.
tf
m
.
19 471 1.020
9 731 1,120
15 00 1,050
i(ii OO' 1,025
I'H 00 1.000
20 831 1,000
29 20 1,025
4 06
lOo
40
100
July
1,
THE CHRONICLE
1899.]
lines colored black are those included in the Prior Lien
Mortgage, and the lines colored red are those covered by
the First Mortgage as a first lien, the First Mortgage being
also a second lien upon the lines covered by the Prior Lien
Mortgage.
81
the Trust at any time. Voting Trust Certificates for the
Stock are issued by the Trustees, and Depositors under the
Plan are accordingly not entitled to receive the new Stock,
but only the Voting Trustees" Certificates therefor. The
new Stock has been delivered to the Voting Trustees, and
the Voting Trustees' Certificates have since May 22. 1899,
upon the properties which it covers, it been in process of delivery to the holders of Reorganization
has at present been deemed best to deposit under the First Certificates of Deposit, and such Trust Certificates are now
Mortgage the securities representing the ownership of the sought to be listed. For Preferred Stock Trust Certificates,
various lineF, especially the Chicago, Akron and Philadelphia Speyer & Co. will sign as Agents, and for Common Stock
divisions.
The mortgage provides that, as and when these Trust Certificates, Kuhn, Loeb & Co.
properties come into the direct ownership of the Baltimore
All the Preferred Stock and all the Common Stock, ex& Ohio Company, the mortgage shall attach to them as a cept the few shares not yet deposited and the shares refirst lien.
quired to qualify Directors, have been, as provided in the
The present lesue of First Mortgage Bonds aggregates .$50,000,000 Plan, delivered to the Voting Trustees under a Voting Trust
Agreement, a copy of which is herewith submitted. In
In addition to this the mortgage provides for a reserve of accordance therewith the Voting Trustees have deposited
$7,000,000 of Bonds which may be issued at any time upon the Certificates of Stock with the Mercantile Trust Comthe order of the Railroad Company for its corporate pur- pany, and have issued their own Voting Trust Certificates
poses, and the further reserve of $6,000,000 of Bonds which against the same.
Application is now made to list the
can be issued only to )"etire a like amount of Baltimore Belt Voting Trust Certificates for the Preferred and Common
Line Bonds, and upon the retirement of those Bonds the Stock to the amounts named, respectively.
Baltimore Belt Line will become subject to the First MortUnder the Plan of Reorganization it was provided that no
gage as a first lien. The Company has the right for five increase in the amount of the Preferred Stock could be
years to retire substantially all the Belt Line Bonds at par made, except after obtaining the consent of the holders of
and accrued interest. The mortgage also provides that a majority of the whole amount of Preferred Stock outadditional Bonds up to the amount of $27,000,000 may be standing given at a meeting of the Stockholders called for
issued for the enlargement, betterment or extension of the that purpose, and the consent of the holders of a majority
properties of the Company covere"d by the Prior Lien and of such part of the Common Stock as should be represented
While
it is
expected that ultimately the First Mortgage
will be a direct lien
. .
First Mortgages, at the rate of not exceeding $1,500,000 a
year for the first four years, and at the rate of not exceeding $1,000,000 a year thereafter.
The right is also reserved to call in and redeem all or any
part of the First Mortgage Bonds after twenty-five years at
one hundred and five, and also to issue not to exceed $75,000,000 additional of said Bonds, or such lesser amount as may
be required, to retire the Prior Lien Bonds when due.
Such of the First Mortgage Bonds as are provided by the
Plan to be issued in partial exchange for the B.
O. Bonds
of 1853, the Pittsburg
Connellsville First Extended Fours,
and the Akron
Chicago Junction First Mortgage Bonds,
can be issued only against the actual deposit with the
Trustee under the Prior Lien Mortgage of the Bonds of 1853
and Pittsburg
Connellsville First Extended Fours, and
against the actual deposit with the Trustee under the First
Mortgage of the Akron
Chicago Junction Fives. The
amount of the First Mortgage Bonds now sought to be listed
includes all of $50,000,000 now authorized to be issued, except such as are reserved against the deposit with the re
spective Trustees of the three classes of Bonds last above
&
&
&
at such meeting, the holders of each class of Stock voting
separately. Both classes of Stock have equal voting power,
and the Preferred Stock is entitled to preference only as to
During the existence of the Voting Trust
dividends.
similar consents of a like amount of the respective classes
of Voting Trust Certificates are required.
Under the order of the Court the operation of the road
by the Receivers is to be continued until the report of the
Special Masters showing the payment and extinguishment
of all the debts of the Company has been filed. This, it is
anticipated, will be accomplished about July 1, 1899, and
thereupon the Company will be authorized to apply for the
discharge of the Receivers and the return of its property.
Plans have been prepared and promulgated contemplating the Reorganization or Consolidation of the other lines
which have been known as part of the system of the Baltimore & Ohio Railroad Company, namely a Plan and
Agreement dated September 28, 1898, for the Reorganization or Consolidation of the Central Ohio Railroad Company, Sandusky Mansfield & Newark Railroad Company,
Columbus & Cincinnati Midland Railroad Company, Newark
mentioned.
Somerset & Straitsville Railroad Company, and the PittsThe Bonds so sought to be listed have been applied as burg Junction Railroad Company and a Plan and Agreefollows:
ment dated December 15. 1898. for the Reorganization of the
Baltimore & Ohio Southwestern Railway Company. Under
To redeem Reorganization Certificates of Deposit as provided in Reorganization Plan
$36,360,000 these two Plans it is contemplated that the Baltimore &
Sold to provide funds for the purposes of the ReorganizaOhio Railroad Company shall acquire the properties of said
tion
13,615,000
Companies or the securities representing the same by the
$49.b75.000 issue of $15,000,000 of Bonds to be known as its Pittsburg
Junction & Middle Division First Mortgage Three and OnePOUR PER CENT NON-CUMULATIVE PREFERRED STOCK.
Half per Cent Gold Bonds, and $40,000,000 of Bonds to be
This Stock is entitled to receive Non- Cumulative Divi- known as its Southwestern Division First Mortgage Three and
dends at the rate of Four per Cent per annum, before the One-Half per Cent Gold Bonds, and by the issue of $20,000,000
payment of any dividend on the Common Stock. The total par value additional of Preferred Stock and $10,000,000 par
amount now authorized is $40,000,000, of which $5,000,000 is value additional of Common Stock. Pursuant to the provisions of the Reorganization Plans aUove mentioned, meetreserved, leaving a present issue of $35,000,000.
The Preferred Stock (Voting Trust Certificates) so sought ings of the holders of the present Preferred and Common
Stock and the Voting Trust Certificates therefor have been
to be listed has been applied as follows:
called to authorize the proposed increase of Preferred and
To redeem Reorganization Certlfloates for Deposited
with the Reorganization Plans
Bonds as provided In Reorganization Plan
$10,243,700 Common Stock in coanection
of the Central Ohio System and the Baltimore & Ohio
To holders of Reorgauizailon Certittcates of Deposit for
&
&
:
;
Stock, assessment paid, as provided in Reorganization
Southwestern Railway Compan}' above mentioned.
Plan
6,975.^00
Sold to provide funds for purposes of the Reorganization.. 17,781,300
$35,000,000
The existing
COMMON
Common Stock
STOCK.
of the Company aggregates
except 213 shares have been deposited under the Plan. It is expected that these shares
will be deposited as soon as the owners can be found.
Under the Plan and Agreement of Reorganization it was
contemplated that if the old company should be sold under
foreclosure and a new company formed there should be an
issue of new Common Stock aggregating $35,000,000. Inasmuch as the old company was able to effect a settlement
with all of its creditors, a foreclosure became unnecessary.
The existing Common Stock, aggregating $25,000,000, remains unchanged, and an additional issue of $10,00 ,000 has
been authorized, so as to provide the aggregate amount of
$85,000,000 required by the provisions of the Plan.
The Common Stock ( Voting Trust Certificates) so sought
to be listed has been applied as follows
To redeem Reorganization Certificates for Deposited
Bonds as provided In Reorganization Plan
$928,000
To holders of Reorganization Certificates of Deposit for
$25,000,000, of
which
all
:
Stock, assessment paid, as provided In Reorganization
Plan
Applied for Reorganization purposes
Under the Plan and Agreement
provided that
tor five years
30,250,000
3,822,000
$35,000,000
of Reorganization it is
all the Stock shall be held by Voting Trustees
with discretion to the Trustees to terminate
When
these additional amounts of Stock are authorized, the total
authorized Preferred Stock will aggregate $60,000,000 par
value and the Common Stock $45,000,000 par value. Upon
the completion of all of said Reorganization Plans and the
complete exchange of old securities, it is estimated that,
taking the several Companies' statements of earnings for
the fiscal year ending June 80, 1898, as a basis, the position
of the Baltimore & Ohio Railroad Company will be as follows:
The net earnings from operations, together with earnings
from rolsoellaueous sources, for the year ending June
jO, 1808, including net earnines from Central Ohio
System and Pittsburg Junction Railroad Company were. $8,547,433
From which, however, will have to t)o deducted the sum
of about $251, too, representing the decrease in the
amount of miscellaneous Income occasioned by the sale
of securities and the cancellation of sinking fund investments under the Keorganizatlon Plan of the Baltimore &
Ohio Railroad Company, dated June 22, 1898
25 1,000
$8,296,433
Leaving
to this th' net earnings of the Baltimore & Ohio
Southwestern System for the year ending June 30, 1898,
Add
1,989,261
Including miscellaneous Income
Total
$10,285,694
Deduct fixed charges of B & O.:
$70,000,000 Prior Lien Three and One-Half
$2,450,000
per Cents
$15,000,000 New Three and One-Half per Cent
Pittsburg Junction & Middle i^iivislon First
525,000
Mortgage Gold Bonds
$40,0011,000 New Three and One-Half per Cent
Southwestern Division First Mortgage Gold
1,400,000
Bonds
2,000,000
$50,000,000 First Mortgage Four per Cents
;
THE CHRONICLK
32
[Vol. LXIX.
THE MINNEAPOLIS & ST. LOUIS
RAILROAD COMPANY.
Estimated rentals (inoludine Four per Cent on
$6,000,000 Belt Line Railroad Mortgage
Bondf. and exo'udiug rentals of Central Ohio
?5>0,Oao
Sy->teni), about
Taxes
o44.794
Taxes— B. & 6. Southwestern 'Systein ..""!"![!
293,998
Terminale
202,000
Ground rents and mortgage interest
76.000
.
AND REFUNDING MORTGAGE
FOUR PER CENT BONDS ON NEW YORK
STOCK EXCHANGE.
LISTING OF FIRST
$7,990,792
Leaving a surplus over fixed charges of about
$?, 294,902
The organization of the Company has been completed,
and its Officers are: William Salomon, Chairman of the
Board John K. Cowen. President W. H. Ijains. Treasurer C. W. Wool ford, Secretary: H, D. Bulkley. Comp;
:
;
G.W. Booth. General Auditor.
The Directors are
William Salomon, Jacob H. Schiff.
J. Kennedy Tod, James Stillman, Louis Fitzgerald, James
J. Hill, Edward H. Harriman. Norman B. Ream. Edward
troller
:
:
New York, June 13, 1899.
The Minneapolis & St. Louis Railroad Company hereby
makes application to have placed upon the regular list of
the New York Stock Exchange $7,600,000 First and Refunding Mortgage Four Per Cent Fifty- Year Gold Bonds, Nos. 1
to 7,600. inclusive, of an issue of §7,800,000 (of which $200.000 are retained in the treasury of this company), duly
authorized by the company.
Pursuant to due and proper authority the Minneapolis &
St. Louis Railroad Company has executed its First and Refunding Mortgage, securing its Four Per Cent Fifty- Year
R. Bacon, Charles Steele, H. Clay Pierce, Alexander
Brown, H. Cra a ford Black and John V. L. Fin d ley the
last two named being the two Directors appointed by the
State of Maryland pursuant to the Charter of the Company.
The Voting Trustees are Messrs. William Salomon.
Abraham Wolff, J. Kennedy Tod. Louis Fitzgerald and Gold Bonds,
:
Charles H. Coster.
The Company's Bonds may be registered as to principal,
Coupon Bonds may be surrendered in exchange for
or the
full
Registered Bonds.
The Company has its office at No. 2 Wall Street, New
York, where its Stock (Voting Trust Certificates) will be
transferred and its Bonds be registered and coupons paid.
The Mercantile Trust Company, 120 Broadway, New York.
for the principal sum of $25,000,000. Said Mortgage (copies herewith) to which reference is made was
executed b^' the Railroad Company to the Central Trust
Company of New York, as Trustee, covers all the property
of the company now owned, or hereafter acquired, with
proceeds from the sale of bonds secured by this Mortgage,
or any property acquired while any of the bonds reserved
for extensions, improvements or equipment remain unissued.
Of the amount above authorized. $7,800,000 were issued and
the Registrar of the Voting Trust Certificates for Pre- §7,600,000 sold for the following purposes: (1) To acquire
about 123 miles of railroad formerly belonging to the Wisferred and Common Stock.
The Mortgages of the Company have been duly stamped consin Minnesota & Pacific Railroad Company, extending
according to law, and are being recorded as rapidly as from Morton. Minn., to Watertown, S. D on which this
possible.
Ui)on the completion of the record, certificates Mortgage is a first lien; (2) To acquire about 20 miles of
Southrailroad formerly of the Minneapolis New Ulm
to that effect will be furnished.
In adattion ro the §49, 97.), 000 par value of First Mortgage western Railroad Company, extending from Winthrop,
lien,
Fifty- Year Four pfr Cent Golt Bonds above mentioned and Minn., to New Ulm. on which this Mortgage has a first
which have been used for the purposes of the Reorganiza- the said two lines of railway having been duly acquired,
tion Plan, there have been duly issued by the Company and are now owned by the Minneapolis & .>t, Louis Railroad
$L500.000 additional of said Bonds, being part of the Company, and to provide funds for the construction of
$7,000,001) of Bonds therein reserved and set apart for any about 139 miles of railroad to extend from New Ulm, southcorporate purposes of the Railroad Company, pursuant to westerly, to a point of intersection with the railway of the
the provisions of Section 4 of Article One of the Mortgage Illinois Central Railroad Company, at Storm Lake, Buena
dated July 1, 1898. executed to the United States Trust Vista County, Iowa: (3) To retire and cancel $2,500,000
Company of New York and John A. Stewart, as Trustees. First Preferred Stock of this company,
The bonds are dated March 1, 1899, and are due March 1,
The proceeds of these $1,500,000 Bonds were used for the
purpose of providing funds for the piu-chase of equipment 1949, the interest being pavable semi-annually on March 1
and for other improvements to the mortgaged prem's s. The and September 1. Both principal and interest are payable
numbers of these additioral Bonds are included among in gold coin of the present stabdard of weight and fineness
those mentioned in the Certificate of the United States at the office or agency of the company in New York. CenTrust Company of New York herewith handed you. It is tral Trust Company is Trustee under the Mortgage. The
asked that this $1,500,000 of such Bonds be also listed, mak- bonds are coupon in form, and are of the denomination of
ing a total of such Bonds outstanding of §51,475,000. There $1,000. The principal may be registered either with or
without surrender of coupons, at the option of holders. The
is herewith submitted a Certified Copy of a Resolution of
the Board of Directors of The Baltimore & Ohio Railroad Central Trust Company of New York is Registrar of said
Company authorizing the issue of the additional §1,500,000 bonds.
The First and Refunding Mortgage likewise will be a first
of .said Bonds.
lien
on the line of railroad to be constructed from New Ulm
Copies of the Mortgages of the Company are herewith
Construction work is at present being prosubmitted, together with the usual certificates, opinion of to Storm Lake.
funds for the construction of said new
The
with.
ceeded
counsel and specimens of Bonds and Stock (Trust Certifirailroad have been deposited with and are now in the hands
cates).
Very respectfullj".
of the Trustee of the First and Refunding Mortgage, and
THE BALTIMORE & OHIO RAILROAD COMPANY,
are to be paid out by the Trustee under restrictions and
By William Salomon.
The Committee recommended that the above- described regulations contained in said Mortgage
Upon the construction and completion of the new line,
Securities be admitted to the list, viz.:
issue of these bonds will be secured by a First Mortgage
the
§69,79«,000 Prior Lien Mortgage Three and One-half per
the property and equipment of 283 miles of railroad,
upon
Cent Gold Coupon Bonds of 1925, Nos. Ml to
Refunding Mortgage upon all and singular the reand
a
M62,799, inclusive, for §1.000 each, and Nos
and property of th3 comDl to D14,0n0, inclusive, f6r $500 each (and mainder of the lines of railway
subject
to §10,000,000 Prior Lien Bonds.
pany,
Registered Bonds into which said Coupon
According to the provisions of the mortgage, bonds to the
Bonds may be convei'ted)
of $10,000,000 par value are reserved to retire said
amount
$51,475,000 Fifty-year Four per Cent Gold Mortgage Coupon
Liens
at maturity. The balance of the issue is rePrior
Bonds of 1948, Nos. Ml to M46,475, inclusive,
issued only for additions, improvements, betbe
to
served
for $1,000 each, and Nos. Dl to D10,0 0, innew
equipment, but only to an amount equal at
or
terments
clusive, lor $500 each (and Registered Bonds
principal
thereof to the cost of such property so
the
into which said Coupon Bonds may be con- par of
acquired.
verted):
The mileage of the company is as follows
$35,000,000 Four per Cent Non cumulative Preferred Stock
Main lines and branches from Minneapolis to Morton and
Voting Trust Certificates and
368 miles.
to Angus, including white Bear Line
$35,000,000 Common Stock Voting Trust Certificates.
Line from Morton to Watertown, and Wii.throp to New
Adi pttd by the Governing l.ommtttee June 28, 18^9.
Ulm, acquired with avails of First and Refunding Mort143
gage Bonds
Line under construction between New Ulm and Storm Lake. 139
Bo8tuu Mlttun & Brocktoa Street Rjr. New Securities
"
.... 651
The Massachusetts Railroad Commissioners held a bearing Making a total mileage of
June 21 on the petition of the company for authority to isThe terminals of the company in Minneapolis are extenssue $80,000 capital stock as fixed by its articles of associa
ive, well situated, and covered by the existing mortgages.
tion, and also for authority to increase its capital stock by The entire line is standard gauge, and is laid throughout
$40,000, and to issue $100,000 mortgage bonds to pay the ob- with steel rails.
ligations incurred for construction. The road is 10 miles
The company owns the following equipment:
long.
The company is under contract with the Massachu- 81 locomotives: 65 passenger coaches, classified as follows: 40
coaches, 9 combination cars, 14 mail and baggage cars and 2
setts Electric Companies to transfer the property to it on
business cars.
.^„ ^
completion. The electricity will be supplied by the Hyde
3,31b freight cars, classified as follows: 2,540 box oars, 596 flat and
Park Electric Light Co., a company owned by the Massachucoal cars, 60 stock cars, 37 cabooses, 4 refrigerator cars, 27 furniture oars, 32 road and tool oars.
The hearing was continued pendsetts Electric Companies.
ing an appraisal of the property.
Earnings for the past four years have been as follows:
is
,
&
'
:
:
—
ConnersYllle (Ind.) Gas Electric & Power Co.— jif?eorgantzed. This company has been orgi^nized with a capital
—
stock of $75,000, as succeseor of the Connersville
Electric Co.
Gas
&
1898.
1897.
1896.
lf95.
Gr. earn'B. $1,823,998.37 .$2,17;c,a48.49 $2,161,739.65 $2,414,446.26
1,029,555.66 1,193,290.57 1,190.001.34 1,350,784.71
Oner. ex...
Taxes.
..
2^et earns..
62,724.41
731,718.30
66,737.72
912,3^0.20
b7,4ll..'>3
904,326.78
72.293.69
891,367.86
1
July
1,
THE CHRONICLE.
1899.]
Earnings of the 123 miles of railroad, extending from
Morton, Minn., to Watertown, S. D. for the past four years
have been:
,
1895
1896
1897
1898
Ctross.
Xel.
$146,287
207.389
244,422
239,531
$2 '^,092
Income Account for Ten Months Ending April
and provisions contained in the Mortgage for
future uses of the company.
It will thus appear that the First and Refunding Mortgage for $25,000,0(J0 is issued for the following purposes
To retire underlying bonds, as per detailed statement
above, anountingto
$10,000,000
To acquire the lines of road above referred to, and to construct the projected line from New Ulm to Sturm Lake,
equipping the newly-acquired line and the lines under
restrictions
:
Sii.Sbl
10K.157
105,457
30, 1899.
construction
Maintenance of road and structures
Maintenance of equipment
Conducting traneportatlon
General expenses
Taxes
Intereston bonded debt
Dividends on stock
Balance
$32", 458. 95
182,1"9.06
612,925.45
94..=>01.89
67,863.23
519,116.67
142,-00.00
569,183.5i.
$2,415.728.M
Credil.
and loss
$30^.702.07
389,343.94
Passenger earnings
Mail eariiinsB
Express earnings
46,»80..=)l
3R.442.62
l,507,92i.25
Freight earnings
Mi8cellano<iu8 earnincs.
Interest, discount and exchange.
Intereston investments
Rentals
Rentals, miscellaneous
32,^70.''
1,8 -.37
15.264.
O
76."«1.92
1,338.82
$2,415,728.81
Cost of Road, Assets and Liabilities, April
30, 1899.
Assets.
Cost of road and equipment
Real estate.
Con.struction New Ulm extension
Cost of road, Pacitic Division
5,300,000
Of whleh $200,roo remains In the treasury.
Debit.
Profit
'66
To retire the First Preferred Stock
Remaining with the Trustee for future use
pany under restrictions of the Mortgage
2,500,000
of the com-
7,200,000
Total
$25,000,000
First and Refunding Mortgage covers all the existing
lines as well as the line under construction.
The Mortgages, copies of which are submitted herewith,
more particularly show in detail the amount of the underlying bonds as well as the authorization to appropriate reserved bonds of the issue known as the First and Refunding
Bonds, as herein indicated and more particularly referred
to on pages 19 to 28 of the First and Refunding Mortgage.
The Officers of the company are: Edwin Hawley, President; John E. Searles, Vice-President; F. H. Davis, Treasurer; Joseph Gaskell, Secretary.
The Direc'ors are: Edwin Hawley, John E. Searles, F. H.
Davis, William Strauss, Edwin Langdon, F E. Palmer, L.
C. Weir, all of New York; George Crocker, San Francisco,
The
F H. Peavey, Minneapolis, Minn.
General offices are Guaranty Loan Building, Minneapo-
Cal
;
:
$232,000.00
andStock
78.000.00
9,000.00
City of New Ulm Bonds, face value.
Minn. & St. L. 1st Ref. Bonds in
Treasu y
300,000.00
669,0C0.00
Current Assets—
Casli
$300,405.63
2,484.3^2.39
21,0 9.55
1,569.74
101.640.74
183.70
252,349.75
Central Trust Co. deposit account.
U. S. P. O. Department
Minn. Transf-^r Ry. Co
Agents and conductors
Advances
Material and supplies
3,167,581.20
Deferred Assets —
Lake Park Hotel.
Other proi>erty. ..
Transfer Agent of Capital Stock is
New York.
Registrar of Stock
United States
:
$17,859.56
9,594.46
27,454.02
:
Liabilitiet.
stock
Preferred Stock
$6,000,000.00
—
First Cumulative
Second Non-Cumulative.
^2,500,000. 00
4,000,000.00
6,500,000.00
Bonded Dtht—
First Ouns. 5% Bonds
Pacific Extension 6%
&
Albert Lea
Bonds
Minn.
Minn.
Minn.
Trust
Registrar of Bonds: Central Trust Company of New York.
Accompanying this application are the following documents: Six copies of the Mortgage securing the First and
Refunding Four Per Cent Gold Bonds. Also a copy of the
Mortgage with the certificates of record properly endorsed
thereon and certified by the Trustees to be a true copy. Six
copies of this appli^iation. Specimen of the bond. Copies
of the resolution of the stockholders authorizing the issue of
these bonds. Trustee's statement of the bonds issued and
certificate accepting the trust.
Opinion of Messrs Butler,
Notman, Joline & Mynderse, of Counsel for Trustee, and of
William Strauss, Esq., Couneel of Railroad Company, as to
the validity of said Mortgage, and that the bonds are regularly issued under the same.
Copy of the Annual Report of
the Company for the year ending June 30, 1898.
EDWIN HAWLEY,
Fresideitt.
The Committee recommended that the above-described
$7,600,000 First and Refunding Mortgage Four Per Cent
Fifty- Year Gold Coupon Bonds of 1949, for |1,000 each. Nos.
1 to 7.6 0, inclusive, he admitted to the list.
Adopted by the Governing Committee Jvme 28, 1899.
& Duluth 7?6 Bonds
& St. L. Ist Ref. 4%
l,382,00i).00
— Brown's Directory of American Gas Companies has been
t36,000.00
1,015,000.00
la view of the many changes in the gas corporations
during the pist year, tha 1899 edition of this Directory will
supply a needed want. It is published by the Progressive
Age, 280 Broadway. Price, S5 per copy.
issned.
1%
& Merriam Juno. 7% Bonds.
..
Bonds....
950.000.00
455,000.00
280,000.00
5,300,000 00
15,300,000.00
—
Ourrerit Liabilities
Audited vouohere.
Audited pa.T -rolls
Accrued interest on bonds.
Advances
&
5,282.000.00
Bonds
Southwesiern Extension % Bonds..
Iowa Extension 1% Bonds
Merriaoi Juno.
Mortgage
Company.
$28,919,727.87
Common
Central Trust Com-
pany of
$25,055,692.35
—
SecuritUs
First Cons. Bonds in Treasury
Minn. Transfer Railway Co. Bonds
Minn
lis.
$23.258,' 38.48
66.442.72
129,525.82
1,000,985.33
121,313.18
76,936.46
135,7 2.
5,152.57
163,4 1.55
35,959.79
11,908.26
to agents
Unadjusted accounts
Unpaid taxes ...
Wis. Minn. & Pac. R.R. Co..
&
—Mr. A. L
.55054431
.j69,1S3 56
Balance from income account.
—
Messrs. Spencer Trask
Co. offer for July investment a
selected list of high-grade bonds. The list will be found on
page ix. These and other choice investment securities are
offered at prices to net from 3^^^ to 5 per cent. Descriptive
lists will be sent on request.
$28,919,727.87
Since the date of the above Balance Sheet, April 30, 1899,
the First Preferred Stock, amounting to $2,500,000, has been
paid off and an equal amount of the First and Refunding
Mortgage Four Per Cent Fifty- Year Gold Bonds have been
issued in payment therefor.
The Capital Stock of the company consists of $4,000,000 of
the Preferred Stock (heretofore known as Second Preferred
Stock), and $6,00 >,000 of the Common Stock; Divisional and
Consolidated Mortgages, amounting to $10,000,000, are made
up as follows:
First Consolidated Five Per Cent Bonds
$5 282,000
Pacific Ext«-n<ion Six Per Cent Bonds
l,'^-*i, f*0
Southwestern Extension Seven Per Cent Bonds
b36.0(iO
Iowa Extension Seven Per Cent Bonds
1,015.0.
Merriam Junction & Albert Lea Seven Per Cent Bonds...
9i0.0 >0
Minneapolis <k Merriam Junction Sevm Per Cent Bonds.
455,000
Minneapolis & Duluth Seven Per Cent Bonds
i 80,000
member
Dewar
of
Chicago was elected this week a
Stock Exchange. Mr. Dewar is
New York
of the
of the firm of A. L.
&
D^war
151
Co.,
Washington
Street,
Chicago.
&
New
York,
Co. Boston and
—Messrs. Blodget, Merritt
invite the attention of investors to a list of high-grade railroad bo ads which they advertise in another column.
—Messrs. Denison, Prior
&
vite attention to their list of
Co.,
,
Boston and Clevf>land,
bond
in-
offerings advertised in
another column.
Merchants' Loan & Trust Co. of Chicago offer |300,Chicago SJ^ per cent twenty-year gold bonds at 107'i
—The
00
'
and
inteie.<«t.
—The
number
Farmers' Loan
of securities,
& Trost Co,
list
of
which
will pay dividends on a
will be found in another
column.
— Wiuslow Lanier & Co, will
pay dividends on a number
found in another colamn.
—Alfred R. Pick and Edwin C. Philbrick have been ad$10,000 000
mitted as partners in the banking firm of Hallgarten & Co.
In addition to the foregoing Mortgages comes the First
and Refunding Mortgage of $25,000,000. Of these $ '.800,000
(of which $200,000 are in the treasury of the railroad company) have been issued, making the present total bonded
debt of the company $17,800,000.
$10,000,000 of the First
are reserved to retire under-
and Relunding Gold Mortgage
lying Divisional and Consolidated Bonds above referred to,
and $7,200,000 are reserved by the Trustee to be issued under
of securities, list of
- N. W. Harris
securities, list of
—
&
which
will be
Co. will pay dividends on a number of
will be found in another colamn.
which
A list of municipal securities is advertised in our
Manicipal Department by Messrs. E. D. Shepard & Co.
—Attention is called to a list of Western municipal issuesoffered by Messrs. John Nuveen & Co., Chicago.
—
. ....
.
THE CHRONICLE.
34
[Vol. LXIX.
COTTON.
commercTal
Feiday Nioht, June
^^^rpfo^^;^
Friday Nioht, June
30, 1899.
30. 1899.
The Movement op the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
evening
total receipts have reached
The near approach of the holiday season and the inventory against 26,779the
bales last week and 26,838 bales the previous
of stocks on hand which takes the attention of many merweek, making the total receipts since the 1st of Sept., 1898,
chants at this period of the year have been reflected in
8,313,586 bales, against 8,562,157 bales for the same period of
generally quieter markets. Business for the half-year now
1897-8, showing a decrease since Sept.l, 1898, of 248,571 bales.
ended has. been generally prosperous, and merchants as a
rule show confidence in the future prospects for trade,
anticipating a continued expansion of demand. The increased activity experienced latterly in the grain export
business has contiaued, purchases for the week being
fairly heavy. Crop accounts in the main have continued of
a favorable character. Owing to the celebration of Independence Day falling on Tuesday of next week, all commercial and financial Exchanges of this city and a large number
of merchants have decided to adjourn business from Saturday noon, July 1, until Wednesday, July 5. Advices from
Washington have reported progress in the reciprocity
treaties between the British West Indies and United States.
Lard on the spot has been quiet locally, but at the West
there has been a slightly better trade and prices have advanced, closing at 5 -SOc. for prime Western and 4-85c. for
prime City. Refined lard has had only a limited sale, but
values have been well maintained, closing at 5-45c. for refined for the Continent.
Speculation in the market for
contracts has been quiet, but as there has been no pressure
to sell prices have advanced slightly in sympathy with the
improvement in the cash trade. The close was steady.
Pork has been quiet and unchanged, closing steady at
|8 25(39 00 for mess, $10 50@11 00 for family and $10 00@
11 75 for short clear.
Cut meats have been in fairly active
demand and higher, closing at i^&iSc. for pickled shoulders,
9(393^c. for pickled hams and 5@55^c. for pickled bellies, 14@
10 lbs. average.
DAILY OLOSINO PBI0B8 OF LARD FUTURES.
8at,
Mon.
Tues.
Wed. Thurs.
Fn.
,
•"i^e
5.^5
5-25
5-30
5-30
5-27
530
Beef has been more active and steady, closing at $8 50 for
mess. $9 50 for packet, |10 00@10 50 for family and $13 25®
13 75 for extra India mess in tierces.
Tallow has been quiet
and the close was slightly easier at 4 5-16@43^c. Lard stearme has been steadier at 6i^@63^c. Oleo stearine has been
quiet but steady at S^^c. Cotton seed oil has been in active
export demand and firm, closing at 263^c. for prime yellow.
Butter has been less active but fairly steady at 15@18i:^c. for
creamery. Cheese has been quiet and easier, closing at 7@
8)^c. for State factory, full cream.
Fresh eggs have been
easier, closing at 14i^@15c. for choice Western.
Brazil grades of coffee have been in moderately active
demand. There has been an improvement in the distributing business and values have been well maintained. The
crop movement has been somewhat below general expecta
tions and Brazil markets have been firm. The close was firm
at 6i^c. for Rio No. 7 on the spot. West India growths
have been in limited demand and steady, closing at 8c. for
fair Cucnta.
East India growths have been dull. Speculation in the market for contracts have been quiet, but prices
have advanced slightly in response to firmer advices from
Brazil markets.
The following are the final asking prices
J^i^
4-700. Oct
5 000. Jan
5-45o.
:
I
fi*!
B«Pt
Raw
4-00.
I
Nov
I
5050. Mch
5*40c.lMay
I
5-55c.
Deo
.
5 65o.
sugars have been in slow demand and prices have
weakened
4-950.
I
to 4i^c. for centrifugals. 96-deg. test,
and 4c. for
muscovado, 89-deg test. Refined sugar has been quiet and
prices for low grade softs have been lowered l-16@i^c.;
granulated has been unchanged at 5i^c. Teas have been
dull but steady. Other groceries have been quiet.
Kentucky tobacco has been in fairly active export demand
and firm. Seed leaf tobacco has been quiet but steady.
Sales for the week were 1,425 cases as follows: 400 cases 1897
crop, Wisconsin Havana, 9i<iO10c.; 200 cases 1896 crop. Wisconsin Havana, lli^@12c.: 125 cases 1898 crop, New England
Havana, 20@50c.; 20J cases 1897 crop, Zimmers, 14i<@17c.;
100 cases 1897 crop, Dutch, Hi^o..; 300 cases 1896-7 crops,
Pennsylvania seed leaf, ll@12c., and 200 cases 1895-7 crops,
Pennsylvania Havana. 12(3)1 3c.; also 800 bales Havana at
70(a9oc. in bond, and 145 Sumatra at 85c. @$1 65 in bond.
Business has been fairly active in the market for Straits
tin, and prices have advanced in response to stronger foreign advices, closing firm at 2« 40(3)26 50c. Ingot copper
has been in more active demand from both the home trade
and exporters, and prices have ruled firmer, closing at 183^(3
18><c. for Lake. Lead has been firmly held at 4-45@4'50c. for
domestic, with a fair inquiry at slightly below these prices.
Spelter has been in fair demand and steady at 5-90@6c. for
domestic. Pig iron has continued in demand and firm, cloEing at |16 50@$19 50 for domestic.
Refined petroleum has been higher, closing at 7'35o.. in
bbls., 4-&5c. in bnlk and 8 350. in cases.
Naphtha steadv at
10c. Crude certificates have been neglected
credit balances
have been advanced to 115. Spirits turpentine has been
moderHtely active at slightly lower prices, closing steady at
383^@39c. Rosins have been quiet and easy for low grades,
closing at $1 27i^@l 30 for common and good strained.
Hops have b'^en quiet but steady. Wool has had a fairly
this
17.521 bales,
at—
BteeiptB
Tex. City, &o.
New Orleans.
112
.
1,924
1,165
7
MobUe
23
Pensaoola,
(javannab
Wed.
Tues.
46
^ikklveston.
157
233
207
622
694
1,084
912
942
6,721
19
2
525
13
1.096
1,190
1,096
2,419
75
233
261
2
1
1
3
239
1
775
264
2,004
22
273
520
38
493
396
106
2,291
6.053
17,521
324
114
312
292
20O
419
300
100
54
221
111
180
130
Ac.
27
56
176
2
week
3,486
2,300
1,393
1,995
689
New York
Boston
Baltimore
Tot. this
64
775
News, &o.
Pliiladel'a,
Total.
Fri.
24
520
739
1.507
396
389
The following s^iows the week's total receipts, the total sine •
and the stock to-night, compared with last year.
iept. 1, 1898,
1898-99.
Heeeipts to
This
week.
June 30
week.
677,924
33,209
118,918
306,411
57,507
50,942
2,430 1,904,438
98,031
7,640 2,659,329
176 361,770
1,732 118,433
572 1,185,650
269,220
1,122
470,090
10
75,874
48 323,639
1,280
572,984
1,058
211
25,29&
1,954 118.960
782 220.637
945
74,732
713
81,842
17.521 8,313,586
19.394 8,562,157
..-•
6,721 2,182.410
248 847
230,005
64
1,096
2,419 1,076,462
P'sacola, &o.
day an nab...
775
264
Br'wlck,&o.
CJharleston..
P.Royal.&o.
Wilmington.
Wasb'n, &o.
Norfolk
N'portN.,&o
New York.
Boston
Baltimore
272,990
368,752
23,335
291,498
......
5
2.004
520
739
1,507
396
389
.
Phlladel.&o.
1898
1899.
14,708
20,073
228,498
6,447
108,794
4,270
19,756
7,127
11,356
2,169
7,960
10.079
6.885
41,204
168,316
12,200
9.829
6,514
16,787
2
104.429
7.000
12,009
8,742
52=i,400
310,476
• •••
......
>*
1,351
Totals
Stock.
Since Sep.
1, 1897.
TfiiM
622 2,296,655
76.370
(Jalveston. .
Tex. C&o.
Vew Orleans
Hobile
1897-98.
Since Sep.
1, 1898.
722
In order that comparison may be made with other years,
totals at leading ports for six seasons.
we give below the
*eeeiptt
at—
391
406
322
605
1,145
2,522
1,432
3.952
176
572
36
125
139
1,124
264
5
1,132
9
48
8
2.004
1,058
150
294
28
58
520
6,721
MobUe
64
137
others...
4,902
211
6,127
61
267
65
22
32
365
1,974
5S0
1,299
1,034
2,177
wk.
1-/,521
19,394
3,852
6,224
3,795
10,119
Oavannab
2,419
. .
Obas'ton, &c.
Wilm'ton, &c
Norfolk
News, Ac.
AU
1894.
1895.
1896.
1897.
2,430
7,640
622
Galves'n.&c.
New Orleans
N.
1898.
1899.
rot. this
20
1,105
44
3
979
Since Sept. 1 8313,586 8562,157 6661,435 5190.208 7844.9S0 5893,776
The exports for the week ending this evening reaoh a total
of 57,779 bales, of which 18,828 were to Great Britain, 1,597
to France and 37,354 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1898.
Ending June 30,
Exported to—
If ««A
Bxvortt
from—
Great
France
Brit'n.
aalveston
Tei.Clty.40..
NewOrleani..
9.516
Mobile
Pensaoola
1899.
8.672
18,188
18,666
810,963 298,661
1.096
1,096
138,120
91,892
78.930
...
..
.
..
3,92i
New York
3,«9e
Boston
Baltimore
1,398
Puiladeipbla.
3,9S4
1,697
....
Ac.
Total
16,119
32.216
165.284
.
Total. 1«07.PS.
1898, to
8.882 1,045,362 395,416
—
.
1,
8,6S2
61,766
Bninewlck....
Charleston
Port Boyal....
Wilmington.
Norfolk
N'port N., Ac
irran..
Sept.
Conti- 3otal
Great
France
nent. Week. Britain.
Savannah
San
From
10,159
15.752
6,353
7.646
....
2.192
J'm 30. 18W.
Exported to—
;
large sale at firm prices.
TKurs.
<feo.
Bruaew'k.&o.
Oharleston
Pt. Royal, Ac.
Wilmington....
Wash'ton.&o.
Norfolk
N'p't
Mon.
Sat.
2,192
21,210
118,002
49,136
20,631
297.273
885.13S
117,712
14.248
11.068
29.720
1,C6B
Continent.
Zotal.
644,994 1.968.762
13,625
32.310
687,144 1.798,760
29,274
167.894
107,106
214,147
532,022 616,001
86.118 K61,402
166.009
234.939
21.210
142.567
260.669
77,007
27,872
30.686
9.966
289,316 686.809
391,566
6,428
231,681
112,864
14,248
• •
136,882
122,914
.
. .
li,828
1,597
87.834
67,779 3.438,406 775.207 2,838,X08 7,051.821
19.89S
ft,320
11,020
36.239 3,481,499 809,613 3,089.704 7.330,816
e
.
July
«e
«
—
e
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
We add similar figures for
New York, whioh are prepared for our special use by Messrs.
Lambert & Barrows. Produce Exchange Building.
ON SHIPBOABD NOT OLBABBD FOB—
,
Junt 30
Futures.
Futures at
Ooatturise.
Total.
13,239
None.
None.
2fS.055
3,610
46,167
162,'l3l
None.
None.
None.
None.
None.
None.
None.
Non**.
479
None.
None.
479
None.
None.
None.
IN, 000
14,229
19.756
7,127
6,447
23,204
161,866
34,314
New York
4.263
None.
None.
None.
None.
None.
4.150
Other ports
2,000
Galveston
Savannah
Charleston
MobUe
Norfolk
None.
1.000
j^one.
17,000
None.
None.
2.3i
3,000
Total 1898.
Total 1897.
.
10.413
13,239
14,816
5 008
200
lf>0
31 355
449,304
273,045
174,902
37,431
12,357
week, there has been less pressure on the market than was
then experienced. Furthermore, with prices on their present
low basis, at each additional decline of a few points, they
showed more resisting power, new buying being attracted by the apparent cheapness of the article, and shorts
have been disposed to cover their contracts and take profits.
Crop accounts have been of a generally favorable character,
rains being reported wbere needed. On Thursday afternoon,
however, there was a slight rally in prices, based on appre
hension of damage to the crop in Texas by reported excessive
rainfalls.
There has been nothing of an encouraging nature
in the foreign markets, where prices have weakened, follcwing the downward tendency to values locally. To-day there
was an unsettled market. At the opening, prices were
slightly lower under disappointing foreign advices; then
came a slight recovery on limited buying, stimulated by
reports of crop damage in Texas by excessive rainfall. The
trade generally, however, did not place much credence in
these reports, and toward the close the market again turned
easier, final nrices being unchanged to 2 points lower for the
day. Cotton on the spot has been quiet; prices declined
l-16c. on Saturday and on Monday, and advanced l-16c. on
Tuesday. To day the market was quiet and unchanged,
closing at 6 l-16c. for middling uplands.
The rates on and oflf middling, as established Nov. 16, 189S,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Fair
0. 1\ on
Good Ordinary
c.liieofl
Middling Fair
''eon Good Middling Tinged
Even
Strict Good Middling
i«on Strict Middling Stained.
•32 oQ
QoodMlddllng
Sgon MiddUng Stained
'le ofl
Btrlct Low Middling
^laoS
Middling
itriot Good Ordinary
'le off
Low Mid. Stained...
Low Middling Stained
Strict
On this basis the official prices for a few of
week— June 24 to June 30—would be
UPLANDS.
Sat.
Good Ordinary.
Low
4i5ie
SfSs
Middling
638
67«
615,
GULF.
Sat.
Stood Ordinary.
Low Middling...
5k
Middling
5
558
558
6iie
67i«
615 «
65 e
615,,
ITIon
53)fl
5i3je
Middling..
Middling
5
6
Good
Middling..
MlddlinKFair...
73,
STAINED.
Sat.
Low Middling...
Mon
411, p
Middling
Strict Middling
Good Middling Tinged.
558
527sa
61,
488
5»,«
6
"
Til.
Fri.
5
588
5158
5
61
615tB
.,
I'l
6'&ie
Tnes "Wed Th. Fr
5H
5
514
65,
65
73, „
73,«
514
5 '8
65,a
61.1
73i«
Tuet)
Wed
Til.
Fri
4^16
41 ij^
5S«
527
6I16
411u
4 1.6
558
527,2
527ai
527
61, fl
6ha
''8
6U„
688
7l8
611,8
Fair..,
the grades for
as follows.
mon Tues Wed
5
Middling...
Oood
ofl
1
ISsofl
h.oS
the past
6ii<
.
61 6
65,
713,8
77,8
7i>e
714
1891. ...o. 838
1883....o.l05i6
1890
12
1882
1258
1889
11
1881
lll,R
1888
1880
1113,6
103,
12i«
1887
llim 1879
1886
936
1878
117,8
1885
107,
1877
I214
10i5j8
1884
1876
12
fl
611i6
73,6
I875....0.I514
ITSg
1874
21
1873
26I9
1872
1871......
20\
20!^
1870
7''8
34i«
1869
738
1868
.311a
Note.— On Oct. 1, 1874, grades of cotton as quoted were changed.
Auoordlngto the new olassifloatlon Middling was on that day quoted
Ho. lower than Middling of the old classification.
MARKET AND
Spot Mabkbt
Closed.
SALES.
FUTDBES
Market
Closed.
Saturday.. Quiet at iigdec. B'rly stead.v.
Monday
Quiet at 1,8 dec. Steady
Tuesday
Quiet at ijgadv. Quiet (fest'dy
Sales of Spot
Export.
343
007l-
Contract.
139
55
Wednesday Quiet
B'rly steady.
1.345
1.362
2,000
Thnrsday.. Steady
Friday
Steady
Steady
Quiet Ast'dy
780
826
132
400
624
200
6.6.56
1..550
. .
Total.
& Contbau
sump.
Total
482
300
200
800
of
2
2
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1
The visible bUPPLY of Cotton to-night, as
cable and telegraph, is as follows. Continental stocks, as well
as those for Great Britain and the afloat, are tbis week's returns, and consequently all European figures are brought down
to Thursday evening.
But to make the total the complete
figures for to-night (June 30), we add the item of exports from
the United States, including in it the exports of Friday only.
1896.
1897.
1898.
1899.
944,000 846,000
Stock at Liverpool
bales. 1,264,000 1,107,000
5.000
3,000
5 000
Stock at London
4,000
949.000 851,000
Total Great Britain stock. 1,268,000 l.lio.OOO
30,000
22.000
Stock at Hamburg
13,000
30,000
Stock at Bremen
281.000 281,000 160,000 184,000
3.000
8,000
2,000
Stock at Amsterdam
2,000
200
2C0
Stock at Rotterdam
300
200
12,000
11.000
Stock at Antwerp
7,000
4.000
Stock at Havre
188 000 205,000 176,000 233,000
6,000
6.000
Stock at MarseUles
4,000
6,000
76,000
79,000
'itook at Barcelona
79,000
94.000
72,000
46.000
Stock at Genoa
29,000
67,000
35,000
17,000
lO.OOO
Stock at Trieste
27,000
Hi>9.Zoo
6dO 300 5 jQ 20" 656.200
Total Continental stocks
.
5 '8
65ip
The quotations for middling upland at New York on
June 30 for each of the past 32 years have been as follows.
1899 ....0.
1898
1897
1896
1895
1894
1893
1892
IS
•
Speculation in cotton for future delivery has been moderately active at a further decline in prices. There has been
continued selling by tired holders to liquidate accounts, but
naturally, after the heavy selling movement experienced last
Low
highest, lowest and closing prices
are shown in the following table.
:
76,096
3 900
1.225
18,515
5.974
2
stock
6,4f0
5,000
21,089
— rhe
Closln Range
aoan
Total 1899...
35
OLT—
o«s
Great
Other
Britain. Franct. Foreign
New Orleans...
«
New York
g
Leavini
at
«
»
THE CHRONICLE.
1899.]
1,
...
400
1,700
1,694
3,200
1.404
1,426
1.700
9.906
Tetal European stocks.... I,967.2o0 1,740,300 1.469.200 1,50 ,200
79,000
105,000
India cotton afloat for Europe
99000
93.000
58,000
71,000
A.mer. cotton afloat for E'rope. 163,000
111,000
8.000
12,000
Egypt, BrazU.&c, aflt.for E^pe
14,000
17,000
Stock in United States ports.
525,400 310,476 187.259 244.048
98.249
82,480
Stock In U. 8. interior towns.
286,719 158,558
3,929
4,804
6.166
United States exports to-day..
14.273
Total visible supply
3,072,59;S 2,43a,500 1,897,743 2,002,426
Of the above, totals of American and other descriptions are as follows:
American
810,000 693.000
Liverpool stock
bales. 1,192.000 1,018,000
Continental stocks
625,000 582,000 423.000 506,000
58,000
71000
A.merlcan afloat for Europe. .
183,000 11l,0O0
United States stock
525,400 310,476 187,2^9 244,048
98,249
158,a58
52,480
United States interior stocks. 286,719
4.8'>4
3,929
6. 1 66
1 4,273
United States exports to-day..
Total American
2,806,39.! 2.18t>,200 1,553,543 1,603,226
East Indian, Brazil, die.
Liverpool stock
72,00C
89,000 134,000 153,006
5.000
5.000
Londonstock
3,000
4,000
92,200 150,200
Continental stocks
48,300
74,200
79,000
[ndia afloat for Europe
93,000 105.000
99.000
12.000
8.000
14,000
Egypt, BrazU, Ac, afloat
17.000
Total East India, &c
266.200 247,300 344.200 399,200
Total American
2,806,^92 2.186.200 1 553 543 1,603,226
Total visible supply
3,07 2,592 2,433,500 1,S97 7*3 2,002,426
4d.
47 2d.
31S32d.
Middling Upland, Liverpool..
35 ltd.
77,80.
6 '40.
7^80.
Middling Upland, New York..
6I16O.
4i«d.
67i6d.
5e,,,d.
Egypt Good Brown, Liverpool
53, (id.
63i8d.
63, 8d.
Peruv. Rough Good, Liverpool
6719 d.
Z\A.
4533d.
Broach Fine, Liverpool
S^sd.
39i,d,
Sliied.
3i«d.
4 led.
Tlnnevelly Good, Liverpool ...
Z^A..
—
1^* The imports into Continental ports the past week have
been 36,000 bales.
The above figures indicate an tn.crea.se in the cotton in
sight to-night of 639,092 bales as compared with the same
date of 1898, a gain of 1,174,849 bales over the corresponding
date of 1897 and an excess of 1,070,166 bales over 1896.
—
©
.
«
.
THE CHRONICLE
36
At the Interior Towns
—
movement that is the receipts
the
week and since September 1, the shipmente for the
week and the stocks to-night, and the same items for the
30.
Galveston. .
New Orleans
Mobile
tiavannah .
Charleston..
.
8t.
Little
Parle,
Macon,
Raleigh,
Atlanta,
Athens,
Wilmington.
Selma,
Albany,
Kome,
Yazoo
Dallas,
Helena.
EofaUla.
Natches,
Brenham,
Houston,
Vlcksburg,
Nashville,
Norfolk
Augusta.
Meridian,
Columbus,
Columbus,
Charlotte,
Memphis,
Shreveport,
Cincinnati,
Greenville,
Greenwood,
Boston
Baltimore
Loul8vllle,ne<
City,
Rock,
31
"
"
"
8.
"
" "
" "
"
"
" "
"
*
"
Texas
OeorOIA
Kentucky.
Mississippi.
Arkansas..
Louisiana
TENNESSEE..
N.Carolina
Carolina
.
;
Va
•
CO'
Cj
:
<j
;
06
;
:
to
to
©
W
CO
*co
;
a
to
l^coJ5
b
0>Mi(!>.OK)M-Oift.M
tOMMM
<ieo©
— cototoac3>a<j'i^»j»«i
V
o«c^oi©c^«3eooroooo©M
ooaQooDCo^j
00
ro*-"
'
«J®ts0i©OO©MC»©lf^-. ©•
59,6
5i«
588
588
5 •'8
61,6
6
6I4
6%
Sihe
6I4
538
5^
5%
5%
Houston
513,8
513i8
Cincinnati..
5''8"
5''8
5i3ie
578
Louisville.
5'8
5'8
5 'a
Louis
0^*ow^^M©t<:«J otooc o'OQooteos>o'©_;.joac Mii>ot«j
"MM«tto'o'a3CO«blOCJ>bboboQD© y<XO'a-0D00a"l^<l«lT"c0<l«*^
—
i^»©©sooo:©05Mto;'>MM*-t3X"-©<no©»a©ooit»M©
MQocoo i^ao©M© MM to V to O"cn©<j©co©a © Mi^w — Qoco©x
579
5»«
5i«
5»8
57a"
578"
578"
5^8
61,6
614
65i«
5'8
61,6
614
65ip
578
61,6
614
1
63,
i^;
lol
"ax
a
at
;
'•
moo;
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to
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jj;
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it^M
00
tocn*» — ©tooo:
©
Mcjtj
00
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OlQDtOOOiO.. tOtO-
00
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•
to
00
;
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M;
©
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«•
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a>
00
CK
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«i«t<jo»M©
to;
oo>
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— o>©m
aocncocnif^to©u>uiM
M
N.*
totooii^
00
^r'i^^i'y
a"toV'<l«i'Mi^'cX>*» *>*M'oS«CD"^Qcb<«05'#'l^
ol^;u^<l©©©coMO^Ol^>.©©oocooo•^ coco
C0
0'.W<C0»J3<000CO©COl^©-Xi^*-®M*.C0M
Kl
"to
00
tOOS CO
5%
513^8
5»Si6
5i3ie
5 '8
5^8
558
578
©
to
00
M
M
coto
C msiderable
the precipitatioa has been very excessive.
damage is claimed to have been done in Texas, but owing to
the
1
the prostration of the wires no reports as to the extent of
s
South
the
Elsewhere
in
obtainable.
yet
as
is
done
ioiury
the conditions have as a rule favored satisfactory develop00
ment of the p' ant.
^,
„ ^
XI.
V,
s
Galveston. Texas.—The phenomenally heavy rain throughof Texas is stated to have caused conw out the cotton region
The extent of the injury, however, is
siderable damage.
bere has
the prostration of the wires.
s?
M unknown, owng
rainfall
week,
the
daring
the
days
three
en
ram
bien heavy
si ^
s §
inches and twenty hundredths. The therthree
reaching
* §
Month's
82, ranging from ^^ to 89.
•
•
CO
p
mometer has averaged
and thirty- five hundredths.
Brenham, Te.Tas.— There has been excessive rain on three
55.
rainfall, four iucTftes
days during the week, the rainfall reaching fourteen inches
and seventy -one hundredths. The thermomeeer has ranged
from 69 to 95, averaging 83. June rainfall, seventeen inches
^
and sixty-four hundredths.
,
,
have had ^heavy rain on four days
Columbia, Te cas.—
during the week, the rainfall reaching ten inches and twentyAverage thermometer 80, highest 91,
eight hundredths.
ten inches and thirty one hunrainfall
June
68.
lowest
mm
©
v<iv>ato
M
to
ab«ja©©ooeo©QDao©to
© «t « _© <> »0 t; 00 a Vxf^ «3 CO 0> © 00 ©."^00 W «_*•©<!©© JO ©W MM
wa
eo'vi Ic ti'io oc ts © <i ts"— oc w'ik oiw 0015 MVi'tn — wt* 'W*' Vi'm'td
cocw>to©^-oac — coto©cc©»q»MC©»ODt»*>.©aMoo-c»MQo
©«c;«oao©oD©tsoDa®Mi-c«<tooitaeoi^©riCJto©«©oi-j
oo)&.tootcooDM<itotooo©©ooi«kODc;ttn
•
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:
•
w; M ot 05 to©,
to ot M >- CO ».-<»•
©• ©Ol(^lO'-©<lM
oo;
M
Ol
00
in
tit
00
;
:
:
'
ta
©
^00;
M
©
"to.
The above
M
oo
©©.
CO
;
^oiwto-jc^;
05
©©
oocooDOOM- ^to
to
•
CO-*;
est
©»4'
W toot
iJk
MMM
*k©03
m'ioco
•
©totsto;
«l^0iC;t«I0DO©»40t.
COM
-J
to
MM to©
«!
>-'>-'
tsoo
M©©0«
We
1
S.?is
fpss
g
00
tOM.»JMMM
— O) CO A lb © JoVm ©Ij to <l'0''»oV *>
ot©aQDtoco«©tOM©to-j'ooooxto-o*'Co
00 CO <1 CO
_M
W
actoa©ottOMeot)>otooMco~JOitoo»-c;'*».
show that the interior stocks have deweek 22,780 bales, and are to-night 128,161
same period last year. The receipts at all
towns have been 3,358 bales more than same week last year.
totals
creased during the
bales more than at
Overland Movement for the Week and Since
We give
Sept.
1,
belo ^v a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday nigbt.
The results for the week ending
June 30 and since Sept. 1 in the last two years are as follows.
1898-99.
June 30
Week.
Shipped—
via 8t. LoalB
7,088
2,111
Via Cairo
Via Parker
Via Rook Island
1897-98.
Since
Sept.
1.
922,834
400,480
Week.
2,941
2,334
171
42",96"^
VlaLonlsvUle
Via Cincinnati
Via other routes, Ao
"642
2.742
187,251
177,524
1,56'
3,t)45
223,02fc
2,73'.'
i',i54
I
^
M
to
578
s
:
^ - to
5=8
5%
'J
J*
©it'.MtO
.**
*»c;ioo»co
oooti(kk-cj*-MeoTotoMos<ji cotooMeoM*k#»;
c;<i(>.©K)ao vi©i^eooeBtow«©i»kMo:toiooo
M
©
Vt
:
tO'M-
«>
c^toi^i^to©:
Qciototo>-©oo. ©toctOi^oc.
MW
Caow'
oaDt5*>. — w;
©
^ ^
©'-•
6oi«i
a>H 63|.ai4
588
553
,
CO
lYi.
6'8
5»«
5»a
5»8
63,0*
63]ftaJ4
588
—
from the South indicate that rain has been
quite general during the week, and that in sections of Texas
;
W'
*^
69,6
Thur$.
h
this evening
1
W
Wedne*.
I
WeatherReportsby Telegraph.— Our telegraphic reports
.
M
S'e"
6
Memphis
.
ALABAMA...
Missouri...
512
5»8
Augusta
St.
•
Ohio
towns
5»16
512
558
638
6=16
614
.
Philadelphia
o
Tues.
5\
S-'s
59,
6^
Montgomery,
Louis,
Total,
Mon.
Satur.
for the
corresponding period of 1897-98— is set out in detail below.
OLOBIMG QDOTATIOHB FOB lIlDDLINt' CollOh
uTeek ending
June
[Vol. LXIX.
Corpus Chri&ti, Texas.— We have had showers ou three
days during the week, the precipitation being fifty-eight
hundredths of an inch. The thermometer has averaged 83,
the highest being 93 and the lowest 74. Month s rainfall
three fnches and ninety-five hundredths.
Cuero, Texas. Rain has fallen excessively on three days
thirty-six
of the week, t .the extent of twelve inches and
from
ranging
has
averaged
84,
thermometer
The
hundredths.
70 to 97. Jane rainfall fifteen inches and seventy- seven
hundredths.
.,
,
^=4.1,
Dallas, Texas.— It has rained heavilv on two days of the
week to the extent of three inches. The thermometer has^
ranged from 63 to 97, averaging 80. Months rainfall five
inches and forty-six hundredths.
EuntsviJle, Texas.— Rain has fallen very heavily on two
days of the week, to the extent of five inches and eighty
hundredths. Average thermometer 80, highest 95. lowest 65.
June rainfall eight inches and fifty-five hundredths.
have had rain on two day." during tho
Lvliny, Texas
inches and tbirty-fire hundredths.
two
of
extent
the
to
week
The thermometer has averaged 83, the highest being 96 and
»he lowest 69. Month's rainfall four inches and thirty-five
hundredths.
.,
xi.
j
Palestine, Texas.— li has rained very heavily on three days
twenty-two
of the week, to the extent of seven inches and
The thermometer has averaged 80, ranging
hundredths.
94.
June rainfall eight inches and thirty-six hun66
to
from
.
,
,
...
—We
Since
Sept.
.
_,
1.
854 094
38.'^,-^-4
33 200
46 887
131.410
152 09fi
183.890
,
dredths
;,
,
t.
San Antonio, Texas.— There has been ram on one day of
inch.
an
of
hundredths
Deduct tMpment$—
the week, the rainfall reaching two
Overland to N. Y., Boston, &o.
3,031
533,778
4,395 4P6.121 Minimum temperature 68.
Month's rainfall three inches and
Between interior towns
37 3.0
535
241
49.326
hundredths.
seven
twenty
Inland, Ac, from South
49 953
1,157
1,474
96,791
Weutherford, Texas.— We have had heavy rain on two days
Total to be deducted
4,429 679,895
6,404 583.414 of the week, the rainfall being four inches and thirteen hunAverage thermometer 82, highest 99 and lowest 65.
Leaving total net overland*.
12,311 1.274,187
4,085 1.203,757 dredths.
seven inches and ninetof^n hundredths.
rainfall
June
Including movement by rail to Canada.
Neic Orleans. Louisiana.—The week's rainfall has been two
The foregoing shows that the week's net overland movement
inches and seventy hundredths, on six days. The thermomthis year has been 12,311 bales, against 4,085 bales for the
has averaged 79.
week in 1898, and that for the season to date the aggregate net eter
have had rain on three days
Shreveyort, Louisiana.—
overland exhibit*^ an excess over a year ago of 70,430 bales.
during the week, to the extent of twenty three hundredths
The thermometer has ranged from 68 to 93,
of an inch.
1898-99.
1897-98.
In Sight and Spinnen'
averaging 80.
,
j
,
Taki7igs.
Since
Since
have had rain on four days 01
Columbus, Mis.nssijipi.
TVccfc.
Week.
Sept. 1.
Sept. 1.
the week, the rainfall being three inches and fifteen hun^
Average thermometer 88, highest 98 and lowest 70.
17,521 8,31 3,596 19,394 8.562.157 dredtbs.
Beoelpts at portp •,0 June 30....
4.085 1.2(»3.757
12,311 1.274.187
Net overland to June 30
Vickkburg, Mit^sissippi.— There has been rain on three days
Bonthern consnmptioij to June £0 26,000 1,128,000 21,000 951.004) of the past week, the rainfall being seventy -three hundredths
The thermometer has averaged 79, ranging from
55,832 10715773 44,479 10716914 of an inch.
Total marketed
'22,780
18i,60u *7.101
Interior stocks lu excess
113 482 67 to 90.
Little Roslc. Arkansas.— R&m has fallen on two days ot the
Came into eight during week. 33,052
37.378
to the extent of forty-one hundredths of an inch.
week
10898373
los'sosVe
Total In eight June 30. .
Average thermometer 78, highest 89, lowest 63.
6.704 2.147,438
North'n spinners ti-kVs to June30 46,076 2,174 484
Heltni, Arkansas.— Crops are doing well. We have had
* D»orease durln? week.
rain on four days of the week, on one of which heavy, the
Quotations for Middling Cotton at Other Markets.— precipitation being ninety- four hundredths of an inch. The
Below are closing quotations of middling cotton at Southerr tho-moTieter has averaged 74*6, the highest being 88 and the
and other principal cotton markets for each day of the week. lowest 60.
,
Total gross overland.........
16,740 1,954,082
10,489 1,787.171
We
—We
|
i
.
JUL,Y
1,
THE CHRONICLE.
1899.]
—
Memphis, Tennessee. The weather has been seasonable
until this morning, which was too cool. Crop condition is
generally good. The week's rainfall has been one inch and
forty-three hundredths, on two days. The thermometer has
averaged 79*1. ranging from 67 to 906.
Toiat
Liverpool, per steamer Cevic, 2,848 upland
and 100 Sea Island
To Hull, per steamer Ohio, 5"9
To London, per steamer Manhattan, 122
To Manchtster, per steamer Horrox, 173 upland and 174
Sea Island
To Havre, per steamers Acanthus, 699 upland and 1 ' Sea
La BreChateau Lafite (additional). 120
Island
Olinde Rodritagne, 100 upland and 23 Sea Island
guez. 643
Trave, 117.
To Bremen, per steamers Barbarossa, 2,'i30
To Hamburg, per steamers Brasilia. 697 . Pretoria, 2,133
To Antwerp, per steamers British Empire, 50 ...Westernland, 352
New York—To
—
Mobile, Alnhama. Reports indicate that good and general
rains have fallen in the interior, greatly benefitting the
crops. It has rained here on three days of the week, the
rainfall being one inch and thirty-three hundredths. Average thermometer 78, highest 88 and lowest 70.
Montgomery, Alabama, Rain has fallen on three days of the
week, to the extent of one inch and twenty-nine hundredths,
doing much good. Crops are progressing rapidly.
The
thermometer has averaged 82, the highest being 94 and the
87
bales,
2,948
579
122
347
—
—
—
1,597
2,347
2,830
402
800
700
600
To Copenhagen, per steamer Kentucky, 800
To Genoa, per steamer Saale, 700
To Naples, per steamer Saale, 600
To -Tapan, per steamer Tliordis. 2,480
New ORLEANS— To Liverpool— June 26—Steamer Magician,
6,211... June 27— Steamer Nicaraguan, 3.279
To London-June 26 - Steamer Cayo Romano, 26
To Lisbon— June 27 -"ark Europea, ttdO
To Barcelona—June 27-Steamer Martin Saenz, 4, SOI
To Flume- June 26— Steamer Vienna, 300
June 28—
To (jenoa—.Iune 26— Steamer VienLa, 2,115
Steamer Egyptian Prince, 473
To Trieste— June 26 Steamer Vienna, 533
To Venice-June 26— Steamer Vienna. 300
Galveston— To Bremen -June 24— Steamer Elizabeth Bick-
2,480
lowest 69.
Selma, Alabama.— HhQ weeks rainfall has been one inch
9,490
26
and five hundredths, on two days. The thermometer has
650
averaged 85, ranging from 68 to 100.
4,301
Madison, Florida. There has been rain on three days of
300
the week, to the extent of one inch and ten hundredths. The
2,588
thermometer has ranged from 74 to 94, averaging 84.
533
Savannah, Georgia. Rain has fallen on one day of the
300
week, to the extent of sixteen hundredths of an inch. Av7,256
mers, 7.256
erage thermometer 80, highest 95, lowest 70.
1.426
Rosefiold. 1,426
June
Steamer
To
Rotterdam—
23—
Augusta, Georgia.
of
the
have had rain on two days
Pensacola-To Genoa— June 30—Steamer Richard Grenville,
past week, to the extent of one inch and nine hundredths.
1.096
1,096
3,924
The thermometer has averaged 80, the highest being 92 and Norfolk—To Liverpool— June 26— Steamer Iran, 3,924
Baltimore-To Llveroool- June 21—Steam r Ulstermore,
the lowest 68.
1,392
--1392
Charleston, South Carolina. There has been rain on three
To 'Bremen^uiie 23—Steamer' H. H. Meier, l,fi90
days of the past week,the rainfall being fifty-one hundredths
June SO— Steamer
June 27-Steamer Roland, 1,958
5,354
Bonn, 1,706
of an inch. The thermometer has averaged 79, ranging from
699
To Hamburg— June 24-Sceamer Ratavia, 6 '9
72 to 91.
200
To Antwerp— June 23— Steamer storm King, 20i>
Stateburg. South Carolina.— There has been rain on one San Diego, Cal.—To Japan— June 27-Steamer Carlisle City,
2.492
day of the week, to the extent of forty hundredths of an
2,402
inch. More moisture is generally needed, and there are indi57.779
ToUd...^...^..^
^
cations that it will come to-day.
The thermometer has
The particulars of the foregoing shipments, arranged In
ranged from 67 to 90, averaging 79-2.
our
usual form, are as follows.
Oreenwcod, South Carolina.— Rsiin has fallen on one day
&reat French Qer- ^Oth.K'rope~. Mexico,
of the week, to the extenent of five hundredths of an inch.
~
Total.
BHVn. porta. many. North. South. de. Japan.
Average thermometer 81, highest 93, lowest 69.
C^ew York. 3.996 1,697 5.177 1,202 1,300
2,480 15,752
Wilson, North Carolina.— We have had rain on two days N. Orleans. 9,516
>*•* »
8,b72 ..••• ...... 18,188
•>«>>_
during the week, the precipitation reaching one inch and Galveston.
•«• ..«> 8,68
7,25 a 1,426
1.09
>••• 1,096 <.••
seven hundredths. The thermometer has averaged 81, the Pensacola. «>««•
3.92
Norfolk....
...a*.
.*•••
3,924
> •«
highest being 90 and the lowest 73.
.,
7,645
Baltimore.
1,392
200
,,,,,,
6,053
2,492
2,492
Manchester Market. Our report received by cable San Diego.
to-night from Manchester states that the market is quiet
Total.... 18.828 1,597 18,486 2,828 11.068
4.972 57.779
for yarns and firm for shiitings. Mills generally are running
To Japan since September 1 shipments have been 120,014
full time.
We give the prices for to-day belov and leave bales from Pacific Coast, 15,073 bales from New Orleans,
those for previous weeks of this and last year fcr comparison. 13,960 bales from Galveston and 3,773 bales from New York.
Cotton freights at New York the past week have been
1899.
1898.
i-4 follows
—
—
—
—
—We
—
'
««
,
—
81* lb$. Shirt8S« Oop. ingi, common ^°^^'
Mid.
TiHst.
d.
d.
M'y26
to finest.
8.
4
J'ne 2 513,6-eiiia
"
9
d.
2»a®7
3
®7
3i«-Si7
lis
2
2
2
" If
" 23
3is®7
" 30
3i3®7 Hg
Ivnat.
Upld:
d.
8.
iHlb: Shirt Oott'n
82. o««
Ooj*. ing,^ eommor Mid,
821
d.
d.
9.
d.
338 ,5l3ib-6l3„ 4
3iS32[5is,t-6i3ie 4
2
4
3lSogj5i3iga6% 4
2
2
S'^if
51:5,6-6 3,,
31I3.. |5?i
9688
|4
35,« |5nif®69,. 4
2
B.
d
96 9
96 9
96 9
®6 9
lia®6
1
98
d.
3=8
Liverpool, July..c.
12
Havre
Bremen
25*
c
Hamburg
Amsterdam
S\
3'i6
8
313<,j
GovEBNMENT WEEKLY CoTTON REPORT. —Mr. James Berry,
Chief of the Climate and Crop Bureau of the Agricultural
Department, made public on Tuesday the following telegraphic reports on the crops in the Southern States for the
week ending Jnne
Mon.
Satur.
Wednea. Thvra.
Tues.
FH.
Upld
toftnett.
26:
ViRGixiA.— Minor crops doing well.
North Carolina.— Except insufficient showers Wednesday, week
cliaractenzed by drought, with low night temperatures; iu western
eounties crops suffering seriously; elsewhere excellent cultivation;
cotton srowlnjr nicely.
SoDTH Caboun*^— Weather favorable for cultivation, but rain
needed In upper counties; cotton continues promising, with improved
and is bloomin? freely.
Georgia.— Dry weather continues, crops needing rain badly: cotton small, but healthy and blooming.
Florida. — Rainfall deficient over western, northern and central
districts; week generally favorable for crops; cotton improved; few
e.
20
e.
19a>20
19820
19920
19920
19920 19920
25
25
27
29
27
25
25
27
29
27
25
25
27
29
27
25
25
27
29
27
20922
22923
20922
22923
20922
22923
20/J22
25
25
25
25
27
27
29
29
27
27
203 22 20922
22923
22923 22923
e.
Rotterdam
e
Reval, V. Hamb..e.
Do
Do
V. Hull...c.
V.
Lond'n.c.
Qenoa
12
12
12
12
12
22k-25* 221S-25* 22k-25* 22k-; 5* 22i£-25'
22
22
22
22
22
c.
Trieste, direct... e.
Ajitwerp
c.
20
20
20
20
20
Qhent.v.Antw'p.c.
26
26
26
26
26
Quotations are cents per 100 lbs. unless otherwise stated.
* And
5 per cent.
20
26
—
LrvKRPOOL. By cable from Liverpool we have the follow
ing statement of the week's sales, stocks, &o., at that port.
standi;,
oomplainta of rust in cotton.
Alabama.- Quitegeneral and favorable rains last three days; cotton small, but generally satisfactory and fruiting nicely.
Mississippi.-Showery weather, with higher temperatures, improved
crops; more rain than needed in northern section; early cotton doing
well, fairly clean, and generally blooming; late cotton fair, needs
rain on high ground, some grassy.
LoDisi>»f A.— Favorable in south portion, rain needed in north portion; cotton being laid by in good condition; cotton that came up
after drought now dying.
Texas.— Warm we«k; no rain except In extreme southwest portion;
cotton generally clean, fruiting well, growing rapidly in northern
portion, would be improved by rain in south portion.
Arkansas.— Cotton small but growing nicely, generally fr«e of grass.
TENKES8EE.— Beneflcial showers of last week in western portions;
arought etill severe in central counties, and eastern counties need rain.
<Jotton blooming and generally promising.
Missouri.— Cotton bloominff.
Oklahoma.— Cotton much improved.
Jute Butts, Bagging, &c.— There has been nothing doing
in bagging during the week under review, but prices
have
been well maintained. The close to-night is at 55^@534C.
tor 13^^ lbs. and 6i^@6i^c. for 2 lbs., standard grades.
Jute
btitts continue dull at I'Ooc. for paper quality
l^^c.
for
and
.s
^ ^
mixing to arrive.
Shipping
News.— As shown on
1
.7
a previous page, the
exports of cotton from the United States the past week have
reached 57,';79 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
Jnne 9
Sales of the
week
bales.
Of which exporters took...
Of which speculators took.
Sa es
American
June
Jutie 16
89,00C
4.100
85.000
10,40C
1,800
900
82,000
77,000
7.000
15,000
Forwarded
71,000
66,000
Total stock—Estimated
1,409.000 1.359.000
Of which American- Estm'd 1,324,000 1,283,000
Total import of the week
41,000
35,000
Of which American
.....
34,000
27,000
Amount afloat
53.000
43,000
Of which American
49.000
39,000
.,
Ictna export
23.
June
30.
69,000
67,000
7,800
12.600
1,100
2.000
65.0OC
65,000
10.000
10,000
^ 2,000
67,000
1,28S.OOO 1,264,000
1,219.000 1,1»2,000
47,000
6,000
38,000
4,000
43,000
57,000
53,000
57,000
The tone of the Liverpool market for spots and futures
each day of the week ending Jane 30 and the daily closing
prices of spot cotton,
have been as follows
SaVday. Monday. Tueaday. Wed'day. Thurad'y Friday.
Spot.
Market,
P. M.J
Basler.
Basler.
Steadier.
demand.
Easier.
Qmieter.
Mid. Upl'ds.
Sllga
35l8
861s
35ia
35i6
3618
8.000
1,000
10,000
1,000
10,000
1.000
15.000
2,000
12 000
1,000
1:45
Sales
Spec.
& exp.
Good
10.000
1.000
Putnirea.
Market, ?
1:45 p. M.5
Market,
4 p.m.
l
Qnlet at Br'lystMy
partially
1-64 dec.
Barely
steady.
Steady
1.64
2-61
decline.
Steady.
Steady.
Qnlet.
ai
1-64 ad.
ance.
Barely
Rtaaa)
Steady
at
partially
1-64 dec.
Quiet.
Qaiet at
1.64 ad-
vance.
bat
Qnlet
*
steady.
. ..
—
.
THE CHRONICLE.
38
The prices of futures at Liverpool for each day are giv n
below. Prices are on the basis of Uplands, Low Middlirg
•lausp, unless otherwise stated.
Sat.
June 24: (o
June 30
131*
mon.
1:46
1
P.M. P.M, P.M.
4
PH.
d.
Jane
Tnes.
ll^ed.
Tbnrs.
Fri.
1:45 4 1:45 4 1:45 4 1:45 4
P.M. P.H P.M. P.M. P.M. P.M. P.M P.M.
d.
d.
3 16 3 16 3 14 3 15
J one- July .. 3 16 3 1.6 3 14 315
July-Aug
3 16 3 16 3 14 3 15
Aug.-8ept.. 316 3 16 3 14 3 16
Sept. -Oct.
3 15 3 15 3 13 3 14
O0I.-N0V.... 3 14 3 14 3 12 3 13
Nov.-Deo.. 3 13 3 13 3 11 3 12
Deo.- Jan
3 13 3 13 3 11 312
Jan.-Feb... 3 14 3 14 3 11 3 13
d.
3 16 3 16 3 17
3 16 3 16 3 17
3 16 3 16 3 16
315 3 15 316
3 14 3 14 3 15
3 13 3 13 314
13
12 3 13
12 3 13
13
13 3 13
13
14
Feb.-Moh... 3 14 3 14 3 12 3 13
13 3 13
15
Moh.- April. 3 15 3 15 3 13'3 14 14 3 14
April-May. 3 16 3 16 3 14 3 15 15 3 15 3 15
,
. .
d
d
d
d.
d.
3 16 3 15 3 15 3 15
3 16 3 15 3 15 3 15
315 3 14 3 14 3 14
3 15 3 14 3 14 3 14
3 14 3 13 3 13 3 13
313 3 12 3 12 3 12
3 12 3 11 311 812
3 12 3 11 3 11 3 11
3 12 311 311 3 12
3 13 3 12 3 12 3 12
314 3 13 3 I3I313
3 14 3 14 3 13 3 14
15
15
3 15
3 16
3 14
3
3
313
3 12
3 12
12
13
3 13
[Vol, LXIX.
DAILY CLOSING PRICES OF OAT8 IN NE\1^ YORK.
Wed.
Thun. Fri'
8al.
Mon. Tuet.
SOi«
No, 2 mixed in elev
30>«
3012
31
3l»fl
30»s
No. 2 white in elev
nom'l. nom'l. nom'l. nom'l. nom'l. 82ifi
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN CHICAGO.
Fri.
Wed. Thurt.
Sat.
Mon. Tuet.
24i«
24%
Sept delivery in elev.... 2138
21 Ja
23%
2359
Joly delivery in elev
May delivery
in elev....
24'8
2158
2358
il'a
21%
2388
2358
21%
23%
Rye has been
quiet locally, but values have held fairly
Barley has had a fair sale at steady prices.
Following are the closing quotations:
FLOUR
rine
Patent, winter
*3 70 '»4 00
$2 15 ©2 25
Superfine
City mlUs, extras.. 4 03 ©4 20
2 40 «2 50
Bxtra, No. 2
2 15 ®2 60
Rye flour, superfine 3 15 -aS 60
«...
Extra, No. 1
Buoftwheat flour
2 75 ®3 10
steady.
Com meal
®3 35
2 90
3
Bakers' extra
3
2 00
itralghte
Western, etc
3 40 93 60
»»tent. 8prln>?
Brandywlne
2 15
3 >?5 ©4 56
Wheat flour iu saoka sells at orioes below those for barreis.l
314
2419
24>a
21%
©2 10
-312
20
GRAIN.
BREADSTUFFS.
WheatHard Duluth, No.
"
Com, per bush —
o.
1 8318 ©85
0.
Western mixed...
No. 2 mixed
Western Yellow ..
Western White
c
.38i4»41
,3858 •41
N'th'nDulnth, No. 1 80 ©81%
Friday, June 30, 1899.
Red Winter. No. 2.. 79 ©81
.39 ©40%
be experienced for wheat
39i«941%
Hard Man., No. 1.. 8034a>82l3
flour.
The home trade has appeared to have its wants fairly Oats— Mlx'd, per bsh. 30 ©32
Rye61ia©65
White .. ..
well supplied for the present, and exporters also have been
32 ©37
western, per bush.
30>«©31ia
61 '»65
No. 2 mixed
State and Jersey...
light buyers. Furthermore, there have been no developments
32iaa33ia
43 ©52
Barley—Westerii
No. 2 white
of a character to stimulate a demand, as the tendency of
42 ©44
Feedlnn
values has been towards a lower basis and offerings have been
Government Weekly Grain Report. Mr. James Berry,
fairly free.
City mills have been quiet and easier. Rye flour
Chief of the Climate and Crop Bureau of the Agricultural
has had a fairly good jobbing sale; offerings have been limDepartment, made public on Tuesday the telegraphic reports
ited and prices have advanced. Corn meal has been in fairly
on the grain crops in the various States for the week ending
active demand, but at slightly lower prices, following the
June 26
follows:
A quiet market has continued to
—
as
decline in the grain.
Speculation in wheat for future delivery has been fairly
active, but during the first half of the week tbe tendency of
prices was towards a lower basis.
Advices from the
European markets were of an adverse nature, reportirg weak
and lower prices. The movement of the crop in the North
west continued heavy and crop accounts from the West were
of a generally favorable character. These factors had a tendency to discourage holders, and there was fairly free
liquidation of long contracts, particularly in the rear-by deliveries.
At the lower prices a fairly large business was
transacted for export, and this had a tendency to hold the
decline in check to some extent. On Wednesday there developed a steadier tone. The movement of the crop in the
Northwest showed a falling ofl;, and advices received stated
that the movement would continue smaller for the near
future. Weather conditions in the Northwest also were reported as less favorable, and foreign advices were steadier,
all of which had a tendency to stimulate a demand from
shorts to cover contracts, and part of the loss was recovered.
Thursday there was a quiet market. Early in the day values
held fairly steady. Subsequently, however, there was a
slight dtciine, under moderate offerings prompted by favorable crop advices. Business in the spot market has been
active, as shippers have been fairly free buyers, although at
the close ot the week there was Jess activity to the demand.
To-day there has been a moderately active market ani values
have held fairly steady. The spot market was fairly active,
Sales reported for export at the seaboard were 320,000 bushels and it was also stated that additional business was
transacted direct with the interior.
DAILY 0LO8INQ PBI0B8 OF NO. 2 BKD WINTBB T& NETT
Jue«.
Wtd.
Cash wheat f. o. b
8OI2
8138
Slia
81
f:0%
80%
79I4
July delivery In elev
79i«
8OI4
80 >«
7m 38
79%
79i«
Sept. deUveryln elev
79 14
80
7958
7914
7914
Dec. deUverj in elev
8OI2
80 'e
8 1 ^s
81
80'8
811a
DA.ILr OLOSINO PRICES OF NO 2 SPRING IM OHICAOO.
dat,
Mon. Tueg
Wed.
¥ri,
Thurs
72is
Joly delivery in elev
721^
73
72%
7238
7214
7413
Hept. delivery in elev
74
7438
7419
7413
7414
Dec. delivery in elev
76
7538
75^8
76^4
7578
75^8
Indian corn futures have been moderately active, but there
has been a gradual sagging of prices. Eirly in the week a
large export business transacted at the seaboard and also
at the interior direct had a tendency to hold values steady.
Subsequently, however, continued favorable crop prospects,
free offerings from the country, a heavy movement of the
crop, and sympathy with the decline in wheat had their effect,
and prices declined. Business in the spot market has been
active, as exporters have been free buyers, both at the seaboard and in the interior. To-day the market was steadier
on shorts covering. The spot market was fairly active. The
sales for export here and at outports were 650,000 bushels.
DAILT 0LO8IMQ PBI0B8 OP NO. 2 MIXED CORN IN
Sat
Uon. Tuet.
Wea. Tfit*r»
frx.
Oaah com f o. b
40%
40»2
4058
40^8
40%
4038
July delivery in elev.... 3938
38'78
3914
8938
3938
39
3938
Sept. delivery in elev
3938
3958
3»68
39»4
39ifl
DAILY OLOSINO PRICES OF NO. 2 MIXED CORN IN CHICAOO.
8at.
Uon.
Fri.
Tueg.
Wed.
Thur$.
July delivery In elev... 34
34
3414
3414
33%
33%
34i«
Sept. delivery in elev
34 ^a
3414
3438
3414
34
33''8
Dec. delivery in elev
3338
33%
33^8
3312
3314
Oats for future delivery at the Western market have been
quiet, but despite the weakness in other grains values have
been fairly well maintained. There has been a fairly brisk
cash trade and crop accounts have not been satisfactory.
Shorts have been buyers to cover contracts and offeiings
have been limited. The local spot market has been moderately active and fairly steady, as both exporters and the
YORK.
NEW TORK.
.
Weather.— Over much
of the greater part of the country the
weather conditions of the week ending June 26 were highly favorable,
particularly in the Middle Atlantic States, central valleys and on the
Northern Paolfio Coast. Local storms, however, have caused damage
in portions of the lake regions and upper Ohio Valley, while drouth
continues in portions of New England, the South Atlantic and Gulf
States and In Central Tennessee. Bain is also needed in portions of
South Dakota, Utah and Eastern Washington. Much-needed rains
have fallen in Southern New England, New Jersey, New Mexico and
Arizona, relieving, to a great extent, the protracted drouth which has
prevailed in those sections.
Corn. -Corn has made marked progress in the principal corn States,
and generally throughout the Northern and ceotral sectiona of the
country, under exceptionally favorable temperature conditions, and
in those States where cultivation had been retarded the crop is now
clean. A considerable part of the crop has been laid by in Kansas,
Missouri, Illinois and Indiana. In North Dakota, while corn has improved, it IS stLIl backward. la the Southern States ttie outlook for
corn is less promising. In Southern Texas the crop is now maturing
with prospects of a light
yield.
Winter Wheat.— The weather
A
Iowa.
The movement of breadstuff s to market as indicated in the
statements below is prepared by us from the figures collected by the JJew YorK Produce Exchange. The receipts at
Western lake and river ports for the week ending June 24, and
since Aug. 1, for each of the last three years, have been:
[UteivU at—
Com.
Wheat.
Flour.
Oat$.
Barley.
iit/<-
EbU.imibt Buth.eoiba Bush.50lb» Butlt.SZlbs Buih.*Slba Bu.6e
3,632,100
1,781,488
1,316,716
238,880
79,118
3,780
1,945.660
46690
362,400
14,351
18).12)
Toledo
15.700
9,748
617,696
40,181
301,591
Detroit
60,784
85,985
127.731
4,750
7,700
165,101
397,225
606,300
iii.co:
866,935
134.012
261,270
6.992,271
Ohtosgo
Milwaukee
Onlnth
iilnneapolli.
Cleveland
St. Lonls ....
105,787
76,900
1,026,304
329.600
123,805
.
Peoria
Kansas
a%MeAuo.
81,6 !7
630,000
City.
Tot.wk.'09.
Same wk.'98.
Same wk.'97.
45,0(0
21,071
146,005
126,200
164 400
20,000
46,630
66,950
Ibt.
8,730
12,200
15,400
11,479
21.000
13,000
6.750
4.200
1.800
5,508,505
3,036,903
2,869,036
l,f91,l.W
140 030
666 920
1,536,063
3,190,290
2,947,559
382.680
64.474
68,07»
25.606
48,071
1.
13 888,915 263,163 129 197,696 615 160,594,008
10.793,476 216,88.5,424 229,1U4.925 171,968.902
10,669,437 165.012,71B 161,866.638 164,237 244
1898-99
1897-«8
1896-97
21,804,891 10,330.035
85.482 483 10,618,490
88,172,137
6966,673
The receipts of fiour and grain at the seaboard ports for th®
week ended June 24, 1899, follow
eiour.
Beeeivtiat—
New York
Boston
Montreal
Philadelphia
Baltimore
aiohmond
New
Orleans*
NewDort News
Norfolk
daireston..
Portland,
Pensacota
Mobile
Me
vvneat,
bbU.
buiih.
9C,2il
27,016
88.6H7
68,439
52,400
1.860
13.889
31,728
14.669
7P9,100
866,914
275,622
68.042
166.487
10,804
176,200
3.121
126.000
80,( CO
3i)(i
Corn,
hxith.
],34?,100
626 981
437,401
4'i7.8.s9
700,767
28,264
16.262
27.%370
150,000
20.000
60,000
1.938
OatI,
hu»h.
1,062,600
8 18,173
98.062
141,8:U
87,H51
14,070
17.35a
hush
Byt,
bu$h.
225,200
67,175
Barley,
3,648
640
80 000
"'s.^oo
226,108
24,829
100
61.363
349,529
388,790 2,101,029 4,015,402 1,972,630
Total week
263,826
8H,750
Week 1898...
243.322 1,660,066 4,0JO.213 1,978,979
*R oelpts do not inolade «rain paMinct tbroat(b New Orleans Tor torelKn
home
Ports on throueb bills of ladlna.
easier.
Total receipts at ports
follows for four years:
trade have been buyers. Today the market was
The spot market was weaker. Sales for export were
55,000 bushels.
conditions have continued favorable
for winter-wheat harvest, which is In progress in the more northerly
sections of the winter-wheat region. As in the preceding week, the
reports indicate that the yield, while light, is better than was expected in some States, and the grain generally is of excellent quality.
large crop, of excellent quality, is being harvested in California.
Under exceptionally favorable weather conditions on the North Pacific
coast the crop in Oregon and Washington has made rapid advancement, and Is beginning to ripen in the first-named State.
Spring Wheat.—Th« outlook for spring wheat cominues promising.
The threatening conditions from rank growth and lodging in Minnesota and Iowa, referred to in the preceding bulletin, are not reported
this week from Minnesota, although they still exist to some extent in
from Jan.l to June 24 compare as
July
1888.
178.406
1»97.
7,795.781
lOHO.
6,200,010
20,362,843
94,«: 5,208
86.843,h68
6,2;0.415
4.188,741
2 1, ''54,690
87.601.4P8
8.501,183
53,592,513
115,088,197
51,694,909
2,816,666
8.176,867
174,518.734
231,262,031
160.681,070
99,755,067
1899.
9,773,053
DbU
flour
Wheat
9,
,bu»h. 48.529,8»3
"
83.3»M,N7e
"
37.170,959
Corn
.
0»M
,
Barter
"
.
1,>'17,823
•ye
"
ToUlip-tln....
28.t'10,43l
4.02rt,3S0
1,129,118
several seaboard ports for he week
24. 1899. are shown in the annexed statement
The exports from the
ending June
Corn
Wheat,
Mvaortifrom— buth.
bbU.
424.5-1
six.' 81
6u, 00
56w,67l
Mewp'rt Newi
....
296.>^oa
Montreal
eelTeaton .... 128.000
Obarlestoo
2;6S70
594>28
1,09»
89,-44
30.871
3,121
65.668
152,587
3,420
14,569
31.728
67.004
4.611
I.MS
SOO
901, 12j
49,Si9
I50,roo
PeaMMoIa
Oat*.
oau.
buth.
bu»h.
732.046
121.270
225,108
rioxtr.
brtth.
411.031
HewTork
889,444
Boatoa
PortUnd, Me. SO.uoo
39.464
PhlUdelphla..
Baltimore
136 273
Hew Orleant.. 40,000
flon/olk
Rye,
hush.
25,255
Pea*,
buth.
17,686
24,32k)
2.S3.878
100,000
165
17,142
80.000
84,843
Total week.. 1,481,014 3.386,034
B&me time '93.3,2^7,396 3,628,»ii7
unchanged.
—
Domestic Cotton Goods. The exports of cotton goods
from this port for the week ending June 26 were 2,476
packages, valued at |1 59,858, their destination being to the
points specified in the tables below
42,397
127.040
61,828
67,404
8«i»t. Ito—
United KinRdom
hblK.
352.176
Continent
8. ft C. America.
84. "16
-TVTieat.
West Indies
N.Am. Colo's
2.<^12
Otbercoontrles..
16.0H1
Br.
Total
Totalises.,
The
Week
June 84
463.'-
63
269.931t
.
Since Sept.
1, 1808.
bbl*.
bitsh.
bxjuh.
9,680.490
8,2a8,e03
1,'96.0;6
62,698,479
47,046.744
196.766
334,933
1.<I28,«31
0.78s
28,is7
.<-
1,073.787
201.3S3
879,842
60,006
14.S51.846
11.038,764
Week
June 24
bvth.
812.271
1.855,767
1,422.387
3.565
30.868
66.663.206
78,86w,a36
99.409
10.4VJ0
260,104
1,142,278
14.659
1.481,014 110,647.260
8.227,595 110,445,106
8fi0.139
3,336,034 142,2^4,766
3.628,327 1:2.813 89o
'
Oo
565.000
361,000
11,000
6,19i,ouo
5,a74.000
868.006
388,00V
61,000
—
4.00O
'3,000
6.C83.000
483,006
7oe,'oo6
1.608,000
676,000
i»i,'66o
4,606
l«W,0O<'
108,000
lo.bwo
"s.boe
16,000
829,uu»
aflt.oou
79.000
8,0C0
2,000
486 000
40.000
0,00«
10,000
418.000
96,000
16.000
408,000
198,000
944.000
23.000
80,000
261,000
887.000
'45.000
09,000
i84,6b6
784.000
690.000
80.0C0
1.8 8,
1.86<».CC0
866.0(;0
1,208. 00^
617.000
afloat
Toledo
'27.'60(l
94.000
'89 000
afloat
!>o
Detroit
Do
Afloat
Osweiro
Bt
480,000
afloat
MUwaokee
Do afloat
Dalntll
OO
afloat
LoaU
26,606
afloat
U<>
(Bnelaaatl
Boaton
VoroQto
Moatreal
481.000
48,00C
867.00r
161,000
6,000
63.000
1,2S9,000
K49 000
8,OS4.00c
Philadelphia
PeorU
Indlanapolta
KaoMflCltr
Baltimore
MlnneapoUi
On Ml^slMlppiRlTer
OnI.aiei
Ob eanal and river.
.
iVeVokio
P4a,oot'
188,000
21,000
69t).00C
1.2f»,000
299 000
Total J'ne 24, 18(9 28,869.000
Total J'ne IK 18P«.8^ 43,000
Total J'ne 85. 1898 17.826. >0i
Total J ne HO, iii97 in,1ui.blt
Total J'Q9 87. 1806 47.660,0fC
13,210, ouu
lO.cSM
6.000
946.000
8.000
6,0=<8.OOO
866.000
12,661,0CC
7.>6S,CCC
f^lO.OOb
««.424.0<^r
7.6<IO.00f'
1.017.000
8.282.000
1,547.000
16 913.000
8,760 Oo.
9.035.000
t.7l6.000
ioHK, Fkiday. P. M.. June 30
17.010
m
6,911
2,292
3.582
26,130
11,936
147
63
849
320
2.476
215.954
6,742
1.665
164.831
4,553
2,476
222.696
1.665
169,384
Importations and Warebonee Wltlidrairala orDr]rC(»«4s
The importations and warehouse withdrawals of dry good!
at this port for the week ending June 29, 1899, and slno«
January 1, 1899, and for the oorresponding periods of last
year are as follows:
to
o
•
OR
SP
'
;
•»;
o
o
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a
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-'M
wto
oto
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<->
a
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l-'MMtO'-'
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an
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wc^totoa
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ODMtXUtO
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tt toopow
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-to
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to
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S:
a?
3$
fact that clothiers are doing a good
business in fall garments and are at the same time not well
supplied with piece goods is shown by the sustained demand
during the past week for men's- wear heavy-weight woolens
and worsteds. Business in these has been well above the
average for the time of year. The chief demand has again
been for worsted fabrics in both plain and fancy lines, and
there are few sellers of these who are not so well sold as to
be mors or less independent on the price question Advances
are not openly quoted but valafs are hardening. Sales of
eerges for next spring's season are reported to a considerable
extent, but no general opening of light-weights has been
made yet. In woolens the demand is mostly for medium
and better grades »t steady prices oniv, an indifferent business being reported in low omiitits. The overcoatirg busi-
'251
Foreign Dry Goods.— The market for imported merchandise has ruled quiet throughout. Fine woolen and woisted
dress goods are firm but business moderate. Silks and rib
bons quiet and irregular. Linens steady. Burlaps inactive
and easy.
1899.
inquiry for staple cottons
exporting interests. Bids for
considerable quantities have been put forward day by day, but
only a portion of them have found acceptors. In leading exgort lines the mills are so well sold ahead as to make it difcult for exporters to place orders except for far off ship
menta irrespective of price, and not all the mills are willing
to go further under contract on the basis of current quotations. The home demand has ruled indifferent throughout.
Jobbers bave purchased lightly and the converting and cutting up trades have acted without spirit. There has been
slight irregularity in prices in unimportant directions, but
the general tone continues satisfactory. Stocks do not ac
cumulate and the lower prices for raw cotton are without
material effect. The woolen goods division shows a good
business in progre.«s, with an upward tendency in prices.
<Jtqp reports are generally satisfactory and confirm expectations of a large fall business, advices from chief out-of-town
centres meanwhile reporting a liberal distribution of season
able merchandise.
712
79,540
7.066
18.114
6.629
blankets dull and quilts qoiet at firm prices. Denims quiet
and irregular, and other coarse, colored cottons dull and unchanged. Kid finished cambrics slow. Silesias advancing
in price
Prints of all descriptions have been in quieter request than of late, but quite firm in price. Ginghams also
firm throughout. Print cloths idle in regulars. Price unchanged at 2^c. Odd goods dull and barely steady.
780
prominent feature in the cottoa-goads divinon
of the market duringr the week has been the well-sustained
118
182
813
42
1,919
,
m->8t
Woolen Goods —The
1,508
23.597
7,089
15,680
2,347
5,329
24.442
4,640
Since Jan. 1
to date
has been $7,678,183 in 1899, against $5,766,504 in 1898.
Considerable sales have been made of heavy brown
sheetings and drills for export, with shipments extending into the first quarter of 1900, standards bringing
4/^c 3 yards 434c. and 3-25 yards 4J^c., or practically i^c. advance over price of corresponding lines for home trade. The
demand from the latter for both sheetings and drills is indifferent.
Grey cloths also are in indifferent demand and
prices incline in favor of buyers. Ducks and Omaburgs slow
and unchanged. Medium and fine grade bleached cottons are
firm, and low grades barely steady, with a quiet business
throughout. Wide sheetings inactive, cotton flannels and
o
The
2
103
Total
5
New
27
541
129,510
1.
Prom New Kn^iana mill voints direct.
The value of the New York exports for the year
buih.
:
Oo
1,271
1,031
Total
China, via Vancouver*...
1. 1808.
of grain, comprising the stocks ic
granary at the prinoipal points of aooumulatlon at lake and
seabo«rd ports, Jane 24, 1899, was as follows
Whea'
Corn,
Oaf,
Barlfy.
Rye,
bueh.
bu*h.
ifueh.
bxuh.
In etort M—
l.lfti'.fio
562.000
8«»,000
New fork
6e,ooo
66 00C
68.00O
Do
:<6.0C0
afloat
80,000
76.000
Albanr
Obleaco
144
43
South America...
Other Countries
Corn.
Since Sfpt
visible supply
Bnflalo
Since Jan.
Great Britain
Other European......
China
India
week and since
Week.
Week.
.ifrloa
58,773
91,83d
1898.
26.
Arabia.....
44,237
destination of these exports for the
1, 1898, is as below.
VIOUT.-
to Jonb
West Indies.................
Mexico
Central America
463,763 1,577,303
259,93'J 1,248,803
Week Since Sept.
June 24
1. 1889.
1899.
Nbw Yobk
September
EirporU for
week omd Hnc*
39
ness has been on a fair scale in a generally firm market, but
oloakings continue quiet. Dress goods in steady demand at
firm prices for staple lines. Flannels and blankets dull and
Barlt.
bxuh.
34.444
100
Mobile
The
:
THE CHRONICLE.
1899.]
!,
w
:
.
CO
]
:
'U'bwtoo)
I
o^
ai^oDoiaD*^
oDp a to w
tf
?
aVV-Vi wi
-i to iff c —
I
I
I
i
———
u
THE CHRONICLE.
40
7
-
[Vol. LXIX.
week's Chronicle, and which are described in the following
Description of Bonds Offered.— The $45,000 Q% 10-year gold
public-improvement bonds, bids for which will be received
until July 19, 1899, will be in denominations to suit purchaser, but not exceeding $500, all bearing date July 15, 1899.
They are issued under authority of an Act of the General
Assembly approved Feb, 23, 1899. Interest will be payable
annually at tbe Hanover National Bank, New York City,
A certified check of $500, payable to the Mayor and Aldermen, must accompany each bid,
Birmingham School District, Van Buren Couuty, Iowa.
Bonds Voted, The people of this district have voted to
issue $8,000 for the purpose of erecting a new school house,
Bloom Township, lil.—Bonds Foftd.— It is stated that this
township has voted to issue $45,500 road-improvement bonds,
Boise City, Idaho. Sios,- Following are the bids relast
State
Qity p£p^BTwr£WT,
y^un
News
items.
—We
have
Increased Tax Rate Legal.
received a telegram stating that the State Supreme Court
has affirmed the decision of the lower court declaring legal
the amendment to the State Constitution, permitting an
Increase of }4% io the tax rate of Birmingham, to be applied
exclusively to the payment of interest on the city's bonds
and for the creating of a sinking fund, Birmingham is at
present paying onlv one-half of the interest on its bonds,
under an arrangement voluntarily agreed to by the bondholders, and the increase in the tax rate is for the purpose of
enabling the city to pay full interest next year.
Butler C« unty, Ala. Bonds Legal.— yfe are advised by
telegraph that the State Supreme Court handed down a
decision yesterday (June 30, 1899), affirming the legality of
the $100,000 5^ bonds awarded April 12, 1899 to A. M. Baldwin, Montgomery, See Chronicle April 15 and May 6,
Birmingham, Ala.
1899.
:
—
—
]
—
ceived June 17, 1899, for the $55,000 5% 10 20-year (optional)
gold funding bonds
:
Union Bk. &
Tr. Co., Helena.»56,82a
Capital State Bk., Boise City. 66,105
Seymour Bros. 4 Co.. N. V... 55,102
K. Kleybolte & Co., Cincin . 66,018
.
N.
Bond
Bond
page
calls
Calls and Redemptions.
and redemptions will be found
this
week on
47.
Bond Proposals and Negotiations
this
week have been as follows
Akron, OMo.—Bond Election. —An
:
—On
:
3.065 00
M. Farson, ChicaKO
3,050 00
T. B. Potter, Chicago
First Nut. Bank, Cherokee .... 3,037 50
3,033 00
Chas. S. Kidder & Co., Chic.
Denison, Prior & Co., Cleve
Trowbridge, Mac Donald
Nlver Co.. Chicago
8,025 00
..
&
3.000 00
. . .
—
Apalachicola, Fla.— Bond Election. An election will be
hela shortly, so it is stated, to vote on the question of issuing bonds tor a water-works system,
Attleborough,lMass.—Bond Sale.— On June 27, 1899, the
$15, €00 d}4% gold water- works bonds were awarded to W,
Holman Cary
Co., Boston, at 107*413. Securities mature
July 1, 1929, A full list of bidders will be given next week,
Barbour County ( P. 0. Eufanla), Ala.— Bonds Re-awarded.
We are advised that Denison, Prior & Co., Cleveland, have
refused to take the $85,000 5% 30 year gold refunding bonds
awarded to them on May 31, 1899, claiming that their bid of
11 3-261 was based on Q% bonds, whereas 5 per cents were advertised. The bonds have since been sold as 4}^ per cents to
the New First National Bank of Columbus at 100*30 and
blank bonds.
BarnesTille Independent School District No. 60, Clay
County, Minn.—Bona SaZe,— On June 24, 1899, the $7,000 5%
10-year school bonds were awarded to Stoddard, Nye & Co,,
Minneapolis, at 107*32 and blank bonds. A full list of bids
will be given next week.
Bay ( ity, Mich.— Bond SaZe.— On June 26, 1899, the $49,500
&
—
4% local- improvement bonds were awarded to W". J, Hay ts
Sons, Cleveland, at 102'43. Following are the bids
W. J. Hayes & Sons, Cleve... .$50,701 00 R. Kleybolte & Co., Cincin
»50,617
Blodget, Merriit & Co., Boat. 60.579 10 Trowbridge, MacDonald & Nlver
&
:
Denison, Prior
&
Co., Cleve.
.
50,519 00
Co..
Chicago
60,167
Bonds mature $16,500 yearly on July 1 from 1902 to 1904,
inclusive. For further description of Donds see Chronicle
week, p, 1235.
Belgrade, Minn.— Bond Sale.— On June 3, 1899, the $6,000
f)% 10->ear water and ligbt bonds were awarded to Martha J.
last
rt
Cullen, St, Paul, at 106 33.
Bellefontaine, Ohio.— Bond Sale— On June 27, 1899, the
$5,000 ^% Fire Department bonds were awarded to Seasongood
Mayer, Cincinnati, at 112*786, Following are the
bids
&
:
SeasongoodA Mayer, Cincin.. 15,639 30 Denison, Priori Co., Cleve... 15,552 50
Brlggs. Todd & Co., Cincm.... fc.626 00 W. J. Hayes iS Sons. Cleve.... i.fiJlOO
R. Kleybolte* Co., Cinclu.... 6,018 00 Feder. Holzman &Co..Cin.... 5,48a 00
Bellefontaine Nat. Bank
5,600 uo Lia. a National Bank
6,167*^5
I
I
.
I
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1
I
Duke M. Farson.
Chicago.... $65,010 00
Grand Lodge A.
F.
&A.M.,
Boise City (for $10,01 0)
Par
W.J. Hayes & Sons, par less $550 dis.
& Co.,
Chicago, bid on a 4}^% b&sis.
As stated last week, bonds were awarded to the Union
Bank & Trust Co., Helena, at 100*4115,
Boston, Mass.—Bond Sale.— On June 28, 1899, $4,711,000
S}4% registered bonds of this city were awarded to Abrahant
Wuite, trustee. New York, at 108*44, a basis of about 3 017^,
Mr, White, however, failed, to make the required deposit,
and the bonds have been re-awarded to Harvey Fisk & S ms
at their bid of 107*277, a basis of 3 08I<J Following are the
purposes for which bonds are issued
Harris
:
election will be held in
the near future to vote on the question of issuing bonds for
the enlargement of the fire department.
Antelope, Ore.— Bond Sale.—The sale of $4,000 water
bonds at par is reported,
Antelope School District No. 50, Wasco County, Ore.—
Bond Sale.— On June 15, 1899, the $3,000 6^ 10-20-year (optional) school bonds were awarded to W. E, Bell, Spokane,
at 101 27,
Anthon (Iowa) Independent School District— Bond Sale.
June 24, 1899, the $3,000 5^ 5-10-year (optional) school
bonds were awarded to S, A. Kean, Chicago, at 103*40, Following are the bids
»8,10200 G. M. Brlnkerhoff,Sprlngfleld.$.3,031 25
S. A. Kean. Chicago
3,03i> on
W. J. Hayes & Sons. Cleve ... 8.077 00 Anthon State Bank
Duke
W.
37
00
60
00
!
bonds for laying out and construction of highways, under authi^nty
of Chapter 443. Acts of lH«y, payable July 1. 1919.
l.COO.Ouo bonds for sewerage, under authority of Section 6, Chapter 428 of the
Acts of l^»7, and Section 4, Chapter 450, Acts of 1899. payable July 1. 1929.
500,000 bonds for public park, under authority of Chaptor 303, Acts of 1899,.
$835,000
payable July
1. 19<;9.
llO.udO bonds for water purposes, extension of mains, etc..
under authority
of an order passed by the Board of Estimate and Apportionment Jan. '^H,
1899, payable July
).
19^9.
397.000 bonds for various municipal purpose". Feb.
* 7. 18B9. in pursuance of
an oroer passed by the Board or Estimate and Apportionment Feb. 27, »b99,
$197,000 payable July 1, 1909; »20o,oO0 payable July
1919.
330,000 bonds for new ferry landing, under authority of Section 2. Chapter
435. Acts of 189.=>. and orders of City Council July 10, 189;. and June 7, 1890,
payable July 1, lOlf.
300,000 bonds for South Union Station, under authority of Section 13, Chapter 616. Acts of 1896. payable July 1, 19u4.
150,000 bonds for repayment of sewer assessments, under authoritrof Section 4. Chapter 450. Ats of 189». payable July 1, 1904.
200.000 bonds for rapid transit. Charfestown Bridge, under authority of Section 37, Cnapter 548, Acts of 1>'»4, payable July J, 1939.
100.000 bonds for Cambridge Bridge, In pursuance of authority of Section 11,
Chapter 467. Acts of i»P8. payable July 1, 1939.
ICO.OO bonds for Maiden Bridge, under authority of Sections, Chapter 280,
Acts of 18^9, payable July 1. 1919.
49.000 bonds for playgrounds, uuder authority; of Section 2, Chapter 4:12,
Acts of 1898. payable July 1. IvviQ.
850.000 bonds for Stony Brook improvement, under authority of Section *,
Chapter 30 7, Acts of 1899. payable July 1, 1V39.
,
Following is a list of the bids received
Abraham White, trustee. New York, all or none
Harvey Flsk & Sons, New York—
:
106*14
109-15
103'?0
$197,000 10 year bonds
107*875
bonds
460,0
5 year bonds
loi*'875
107 277
l,455,tJ00 20-year bonds
lOtt'OO
For entire issue— all or none
William H. Bainbridge, New York—
10 -53
'07'•53
$500,000 highway bonds
$200,000 ferry bonds
; 00.000 sewerage bonds
109-53
300.000 So. Union Station bondsl 02'29
109>7
275.000 park bonds
110,000 Rapid Tran-it bonds .UV b3
109-53
eS.oOO Cambridge Bridge bds.lli' 63
225,000 water Donds
200.000 var. municipal bond8.l07-63
100,000 Maiden Bridge bonds. .107' 53
197,000 var. municipal bonds.104-29
175,000 Stony Brook bonds
Ill 75
»650,0oo40-year bonds
,
1,959.000 .lO-year
|
;
I
P. Firth, New York—
$400,000 higb way bonds
350.000 sewerage bonds
250.000 park Donds
John
107-11
1 08-57
106'•75
$200,000 ferry bonds
JOo.OOO Cbarlestown Br. bonds. 110- 75
loo.tMX) Cambridge Bridge bds.lli' 00
350,000 Siony Brook bonds
Ill'10
I
109-
water bonds
J08-97
Farson, Leach & Co., New York—
101-76
$350,000 6-year bonds
$250,000 30-year bonds
107 675
109' a«
197,000 var. municipal bonds.103-27
250,000 40 year bonds
08-265
2o0.c 00 20-year bonds
400.000 40-year bonds
09 06
08-15
250,000 80- year bonds
Estabrook & Co.,B. L. Day & Co. and Blake Bros.A Co., Best., entire issue.! 06*61
iJOO.OOO
1
I
i
I
1
I
Perry, roflBn & Burr, Boston—
$100,000 Cambridge Br. bds ..109-13
|
$100,000 sewerage bonds
107-78
Trust &Sav. Bank and $1,000,000 so-year bonds
107-899
Mason Lewis Jt Co. Chicago. { or 500,000 park and $410,000 water
1 7-899
Arthur S. Leiand & Co., New York. $410,000 water bonds
108-039
Beacon Trust Co., Boston, $100,000 30-year bonds
107*217
United States Trust Co., Boston—
04-13
$8-i5,0O0 highway bonds
1
101-40
$150,000 sewer bonds
l.OuO.OOO sewer bonds
200,mOO Rapid Transit bonds. .106-7H
10o-7^
05-78
lOi'.OOO Cambridge Bridge bds.l06-76
600,000 park bonds
410.0(0 water bonds
I05-78
100,000 Maiden Bridge bonds .104-'3
49,iM)0 playground bonds
105*78
200.000 var. municipal bonds. 104 43
35> ,000 Stony Brook bonds
197,000 var. municipal bonds. 10^-57
10676
10443
330,000 ferry bonds
300,000 So. Union Station bds. .101-40
Illinois
>
.
.
1
Securities will be issued in denomination of $1,000, dated
Interest will be payable January 1 and July 1
1, 1899.
at the office of the City Treasurer.
July
—
Bradley County, Teun.- Bonds Proposed. At the meeting of the County Court July 3, 1899, the question of issuing
$100,000 road bonds (authorized by the last Legislature) will
come up
for action,
Brockton, Mass.— Loan Not Negotiated.— The report in
some of the papers that this city has negotiated a loan of
Bonds mature $500 yearly on July 15 from 1905 to 1914, in- J300,0U0 is officially denied by Mr. W. H. Emerson, City
For further description of securities see Chronicle Treasurer. Mr. Emerson in writing us states that the aboveclusive.
last week, p. 1235.
mentioned loan has not been issued and will not be for some
Belmont Count; (P. 0. St. Clairsville) Ohio.— Bond Safe. time, and then only in small amounts as money may be
—On Juue28, 1899, the $23,000 i% court-house and jail bonds needed.
and $7,000 4% county fund debt bonds were awarded to RuBrownsville (Tenn.) School District.— Bonds Voted.—
dolph Kleybolte & Co., Cincinnati, at 106 958. For descrip- At an election held June 19, 1899, it was voted to issue $12,tion of bonds see Chronicle June 17, 1899, p. 1192.
500 bonds for school purposes,
Birmingham, Ala. Btds Rejected. We are advised that
Buffalo, N. Y.—Bond Sale.- On June 23, 1899, the $285,the $20,000 6% 10 year public-improvement bonds advertised 187 18S}4% registered grade-croseiug bonds were awarded to
lor sale June 7, 1899, were not sold on that date, and that Joseph E. Gavin, Buffalo, at 107565 lor $100,000 and 107165
they are part of the $45,000 bonds advertised for sale in for the remainder. Following are the bids
tiamprecht Bros. Co.. Cleve... 5.655 001
—
:
—— — —
July
1,
— —
——
——
THE CHRONICLK
1899.1
Farion, Leach & Co., New Tork.106'03
5 $100,000 00. .107E66
BuOalo
186.187 18... 10T166 W.J. Hayes A Sons, Cleveland. 105-96?
(
107-09
106 63
R. Kleybolte & Co., N. Y
N.W. Harris* Co.. New York..
41
and water-works boads. Securitiee will be indenomination of $500, dated July 1, 1899. Interest will be
106-77
Denlson, Prior A Co., Cleve
At a rate not exceeding 5%, payable annually on July 1 at the
Bonds mature June 1, 1919. For further description of Chase National Bank, New York City. A certified check
for 5% of the face value of bonds must accompany bids.
securities see Chronicle June 17, 1899, p. 1193.
East Liverpool, Ohio.— Bond Q^eri?iflt.— Proposals will be
Cambridge, Mass.—5ond Sale.— Oa June 27, 1899, the
until 12 M. July 10, 1899, by J. N. Hanley, City
received
awarded
Jose,
Parker
to
$154,000 S}4% loan of this city was
Clerk, for $35,000 i% sewer bonds. Securities are in denom-& Co., Boston, at 107*179. Following are the bids
ination of $1,000, dated August 1, 1899. Interest will be payFor the Entire Loan.
semi-annually at the office of the City Clerk. Principal
able
107-179 Mason. Lewis & Co^. Boston
106-4P9
Jose, Parker & Co.. Boston
mature
will
$7,000 yearly on August 1 from 1900 to 1904, inBros.
Boston.
1WZ9
10704
Blake
4
Co..
B. H. Gay & Co.. Boston
100-069
R. L. Day & Co., Boston
Blodget, Merritt & Co., Boston. 106-57
A certified check for $500 on some national bank,
clusive.
For the Various Issutt.
payable to the City Clerk, will be required with each bid.
$17,000
$37,000
$50,000
J50.000
East Pittsburg, Pa.— Bond Sale.— On June 27, 1899, the
10 rear
40-1' ear
15- Fear
20- rear
$20,000 5^ street-improvement and sewer bonds were awarded
Loan.
Loan.
Loan.
Loan.
103-60
110-11
105-13
106-45
E. H. Rollins & Sons. Boston
to Season good & Mayer, Cincinnati, at 11304. Following
10.1-63
109-69
106-43
10613
Adams * Co.. Boston
are the bids
109-53
104•^9
106-37
103-37
Parkinson & Burr. Boston
104-799
10:vl79
110029
SeasoDgood & Mayer, Cincin.... $22,608 Denison. Prior & Co.. Cleve
Deuison. Prior & Co., Cleveland... 106-209
$21,£85
109-43
104-85
103-5U
22.421 W. J. Hayes & Sons, Cleveland. 21,268
Robinson Bros., Pittsburg
Farson, Leach & Co., New York... 106-13
101-76
103-28
109-65
K16-107
Estabrook 4 Co.. Boston
For description of bonds see Chronicle June 17, 1899, p.
104-40
109-30
.10585
10305
Bertron & Storrs, New York
102-98
109-44
101-48
Dan'l A. Moran & Co.. New York..l05-76
1198.
For description of bonds see Chronicle last week, p. 1235.
Ellsworth County, Kan. Bond Sale.— This county has
Capac, Mich.— Sonds Defeated. The citizens of this place sold to the Central National Bank of Ellsworth, agents for
have voted against the issuance of $10,000 water-works Devitt, Tremble & Co., Chicago, $10,000 5% refunding bonds.
bonds.
Securities are in denomination of $1,000 and will mature
Cliarleston (W. Va.) Independent School District. Bond $2,000 in three years and $2,000 every two years thereafter
Offering. Proposals will be received until 8 p. m. to- day until paid, all bonds being subject to call after three years.
<July 1, 1S99,) by L. E. McWhorter, President Board of EduElmwood Place, Ohio.— Bonds Authorized— The Council
cation, for $111,200 i}4% 20-80-year (optional) refunding has passed an ordinance providing for the issuance of $5,000
delinqnency bonds.
bonds. Bonds are dated June 30, 1899.
The Comptroller has
Chicago, 111. Bonds Authorized
Ei Paso County, Texas. Bond Sale.— This county has
been autlaorized to refund the $2,;8,000 tunnel bonds which issued $49,000 5% 40-year refunding bonds, which have been
will mature on September 1, 1899.
taken by the Public School Fund. The old bonds bore Q%
interest and were also held in the school fund.
Chala Vista School District San Diego County, Cal.
Bond Election. An election will be held July 1, 1899, to
Franklin Drainage District, Parish of St. Mary, La.—
vote on the question of issuing $2,000 6% bonds. Securities Bond Offering. Proposals will be received until July 15,
if authorized will mature $500 yearly from 1901 to 1904 in1899, for the 825,000 5% drainage bonds which were voted at
Josepb H. Gavin,
I
.
electric-lip ht
I
I
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:
|
:
I
1
.
.
—
—
—
—
—
clusive.
Bond Offering. Proposals will be reClarfesville, Tetn.
ceived until 12 M. July 10, 1899, by James H, Smith, Mayor,
for $20,000 filter bonds. Securities are issued under authority of Chapter 361, Acts of 1899.
They are in denomination
of $500, dated July 1, 1899. Interest will be payable January
1 and July 1, and the principal will mature July 1, 1939,
subject to call after July 1, 1909. Bids will be received for
bonds bearing 4% and 5% interest.
Cleveland Co., Okla. Bond Issue.
contract has been
made by the County Commissioners with M. L. Turner of
<TUthrie for the sale of $45,000 5% 2C-30-year refunding bonds
at 102 •222.
Cleveland, Ohio.— Bond Sale— On June 28, 1899, the $90,000 4% sewer bonds were awarded to Briggs, Todd
Co.,
Cincinnati, at 107 "364. Following are the bids :
—
—A
&
Todd &
Adams 4 Co.. Boston
R. L. Day * Co., Boston
Co.. Cincin. .$9«,627 75
Denlson. Prior & Co.. Cleve.. 06,534 00
R. Kleybolte & Co., Cincin.
9«,489 89
W. J. Hayes & Sons, Cleve.... 96 332 40
BriBss.
Lamprecnt
$9«,237 00
.... 96,092 00
Bros. Co., Cleve.. 95,862 50
the election held June 3, 1899. Bonds will mature $1,250
yearly. F. R. Caffery is Secretary of the district.
Freeport (111.) School District.—Bonds Voted.— At a recent election it was voted to issue bonds for a new school
house.
Freeport, N. Y. Bonds Voted.— On June 10, 1899, it was
voted to issue $10,000 bonds for the purpose of increasing the
electric- light plant of this place.
Freeport (Tillage), Ohio.— Bo?id O^eriTj^f.- Proposals will
be received until 12 M. July 6, 1899, by Walter Jones, Corporation Clerk, for $2,000 6% water-works bonds. Securities
are issued pursuant with sections 2835, 2836 and 2837, Revised Statutes of Ohio. They are in denomination of $200,
dated July 7, 1899. Interest will be payable semi-annually
and the principal will mature one bond yearly from 1901 to
A
1908, inclusive, and two bonds in 1909.
deposit of 10^ of
the value of bonds will be required of each bidder.
Fort Gaines, Clay County, Ga.— Bonds Proposed.— This
place proposes to issue $20,000 5% gold refunding bonds. Full
details of these bonds will be determined later.
Bonds mature April 1, 1909. For further description of
Chronicle June 10, 1899, p. 1143.
Garden Grove Township (Iowa) Independent School
Columbia (Mo.) School District.—Bond Offering.—^to- District No. 5. Bonds Voted. This district has voted to
posals will be received until 7 p.m. to-day (July 1, 1899,) by John issue ,$600 bonds for the purpose of erecting a new schoolhouse. W. L. Armstrong is secretary of the district.
L.. Henry, Secretary Board of Education, for $15,000 4^ bonds.
Twenty bonds will be in denomination of $500 and 50 in
Gila County (Ariz.) School District No. 1.—Bond Offerdenomination of $10 J each. Interest will be payable semi- ing. — Proposals will be received by the Board of County
annually and the principal will mature eight years from date Supervisors some time in July for the $12,000 1% sch(X)l
of issue, subject to call after two years. The present indebt- bonds voted on May 9, 1899. Twenty-four bonds will be in
edness of the district is $2,000.
The assessed valuation denomination of $250 and 12 bonds in denomination of $500,
securities see
is
—
about $2,000,000.
county has sold to the Little & Hays Investment Co., St.
Louis, $90,000 i% 10-20-year refunding bonds at 102-022. Interest on these bonds will be payable annually.
Demopolis, Ala.—Bond Sale.— This city recently sold $13,500 5^ 20-year bonds to C. H. Coffin, Chicago, at 103-34.
Denton, Texas.— Bonds Authorized.— The City Council has
authorized the issuance of $20,065 15 4:^% 30year funding
bonds.
Daluth, Minn.— Bids.— Following are the bids received on
19, 1899, for the §500,000 4}^% funding bonds which were
awarded, as stated last week, to the New First National
Bank of Columbus, Ohio, at 103-05:
June
B*k.CoIumbus.$515,250 CO
?®^
^.^'^^''fA.RMcFarlaneAC_o.,Dulih.
505.137 50
First Nat. Bank, Chicago.... 505.009 00
E. H. Gay & Co„ Boston
602,600 00
Parson, Leach iCo..Chic... 50^.37.'i 00
feeymourBros. A C;<..N.Y.. 602.050 00
N. \. Sec. & Trust Co., N. Y. 502,0
00
Feder, Holzman & Co., Cin.. 501,968 uO
Trowbridge, Mac Donald
Nrver Co.. Cbicago
&
i
1
Lamprecht Bros. Co.. Cleve.t501,3S5 OO
Mason, Lewis & Co., Chic... 60i,l<r5 00
O. C. Hartm an & Co
601.000 00
&
Co.. Cincin.. 600,765 00
First
(for $100,0u0)
101,500 00
R. Kleybolte
W.
J.
Hayes & Sons. Cleve.. 510.30600
National Bk. Duluth
Fireman's Relief As'n Duluth (for fl8.000>
601,78000 Louis Blombere
uc k (for
$500)..
uor »ouu.)..
18,242 40
Par
N.W. Harris* Co.. Chicago. 501.650 00
East Grand Forks, Miun.— Bond Sale.— Oa June 6, 1899,
the $25,000 5% funding bonds were awarded to W. H. Pringle. East Grand Forks, at 100-5Lt, his being the only bid ac
companied by a certified check. Bonds mature June 1,
1929,
For further description of bonds see Chronicle May
20, 1899, p. 988.
to be issued July 1, 1899. Interest will be payable July
at the office of the County Treasurer, and the principal
will mature July 1, 1919, subject to call after July 1, 1909, by
the Board of Trustees giving one year's notice to the holder
of said bond. Bonds will be issued pursuant to an Act of
Legislature approved February 21, 1891. The total bonded
debt of this district, including this issue, is $19,250. Estimated value of property, $1,000,000. Assessed valuation,
$650,000.
Population about 4,500.
The official circular
states that there is no litigation pending or threatened affecting the validity of any of the bonds issued by the district.
Glendale (Ohio) School District.- Bond Offering. Proposals will be received until 12 M. July 15, 1899, by H. L,
Woodward, Clerk Board of Education, for $25,000 4:}4%
bonds. Securities are in denomination of $500, dated July
Interest will be payable February 1 and August 1
15, 1899.
at the Ohio Valley National Bank of Cincinnati. Principal
will mature $1,000 yearly on August 1 from 1900 to 1924, inclusive.
Bonds are issued under authority of Sections 3991,
3992 and 3993, Revised Statutes of Ohio. Bids must be made
all
Columbas, Ohio.— Bond Sa/e.— The Trustees of the Sinking
Fund on June 12, 1899, purchased $20,500 street-improvement bonds and $40,320 levee bonds.
Concord, N. H. Temporary Loan.— It is stated that Montgomery Rollins & Co., Boston, have loaned this city $19,500
for six months at 3% discount.
Dade County (P. 0. tlreentteld), Mo.— Bond SaZe.— This
1
—
without conditions and must be accompanied by a certified
check for $2,500, drawn on a Cincinnati bank without conditions and payable to the Board of Education.
Glenville (Tillage), Ohio.— Bond O^erzngr.—Proposals will
be received until 12 M., July 12, 1899, by Robert C. Wright,
Mayor, for $9,000 6^ sewer bonds. Securities are in denomination of $500, dated October 1, 1^99. Interest will be payable semi annually and the principal will mature one bond
every six months, beginning April 1, 1900.
Bond Election.— The Village Council has decided to hold
an election July 15, 1899, to vote on the question of issuing
$20,000 bonds for the purpose of extending the water-works
system.
Grand Island (Neb.) School District.— BoTid Sale.— It is
Bond Offering.— Fioposala will be received until 8 P. M. stated that the $23,000 i% refunding bonds mentioned in the
July 5, 1899, by;Henry Harm, Recorder, for $35,000 SO-year Chronicle June 17, 1899, were awarded on June 24, 1899, to
THE CHRONICLE.
44
[Vol, TiXTX.
Bonds ma-
year (optional) refunding water-works bonds and $9,500 4%%
refunding bonds, payable at the option of the district, $1,000
every six months.
EanaTvha C«>nnty, W. Va.— Bovi«i Election.— lb is stated
that an election will be held July 8. 1899, to vote on the
question of issuing $300,000 bonds, one-hfilt for road improvements and one-half for refunding purposes.
Kansas City (Mo.) School District.- Bond* Voted— Bond
Offertnii.—At the election held June 22, 1899, the issuance of
payable semi- at nnally.
Hamnioutoa (N. J.) School Wi»trict.— Bond Offerhig.— $400.oro d}4% 20 year school bonds was authorized by a vote
Propoeals are asked until to-day (July 1, 1899,) for $13,(00 of 2,795 to 482. These securities will be dated July 1, 1899,
refunding and $5,000 school-building 4^ bonds. Securities and proposals for their purchase will De received until 12 m.
will be in denomination of $1,000, dated July 15, 1899: inter- July 10, 1899.
Principal will
Kenosha, Wis.— Bond Sale.— On June 36, 1899. the $170,0C0
est will be payaole annually at Hammonton.
mature $10011 yearly en January 1. The assessed valuation 31^$^ refunding bonds were awarded to the First National
Bank of Chicago at 102- 17. Following are the bids
of the town of Hammonton is $1,<>12,000.
Hartford (Conn.) West Middle School District.- Loan First National Bank, ChloaKO.»173,699 N. W. Harris & Co., Chicago. |17 1.720
1*8.550 Merch. Lu, A Tr. Co., Chic.
Authorized. At a meeting of the school district held June S. A. Kean, Chicago
170,:«&
27, lt?99 the Treasurer was authorized to borrow $10,000.
Bonds run for a period of twenty years from July 1, 1899,
Hartford, Wis.— Bond Offering —Propo^Sila will be re- with options on the part of the cit}' of Kenosha to pay said
ceived until 7:30 p.m., July 30, 1890. by T. Foley, City Clerk, bonds at the expiration of ten years from their date, and also
for $ 2,000 4^ water- works bonds. Securities are in denomi- to pay one-tenth thereof in each year from and after ten
nation ot |500, dated July 15. 1899. Interest will be payable years from their date.
annually on July 15 at the Fiist National Bank of Chicago,
Kirksville (Mo.) School District.— So?tds Again Voted.—
and the principal will mature SI, 000 yearly on July 15. from In order to correct a technical error in awarding $35,000
4%
1902 to 913 inclusive. A certified check for $200 must ac- bonds on April 20, 1899, whereas 5 per cents were authorized
compary propopals.
at the election held in April, another election was held ok
Hasbrouck Heights, N. J.— Bond Sale. This borough has June 8, 1899, and resulted in favor of the bonds by a large
awarded to E D Shepard & Co., New York, at private sale, majority. The result of the sale was given in the Chronicle
$15,000 4« 16-30-year (serial) S'reet impiovement bonds at April if9, 1899.
10010. These bonds were originally awarded in September,
KnoxTille, Tenn.— Bonds Authorized. The City Council
1898, to R. B Smith & Co., New York, but were refused by has voted to issue $30,000 bonds for the erection of
a- city
that firm on the advice of their attorney, who declared that hospital.
the bonds were illegal. When the attention of the borough
Lac qui Parle County (P. 0. Madison), Minn.— Bond
officials was called to this error they proceeded to authorize Sale.— On June
20, 1899, the $30,000 couri-house bonds were
the bonds anew, thereby rectifying the former error. The awarded to Stoddard, Nye & Co., Minneapolis, at 100'166and
bonds have just been sold (as stated above) under this new blank bonds for S}{ per cents. Following are the bids
the Clande Ashbrooke Co., Cincinnati, at 103.
ture Juy 1, 1919.
GreenspriDjT, Ohio.— Bowds Voted.— This town has voted
to issue $15,000 street-improvement bonds.
Greenville, Pa.— Bond Offering.— Provosals will be received nntil 10 A M .Inly 10, 1899, by A. J. Gillespie, Secre
tary, for $9.000 4^ paving bonds. Securities are in denomi
nation of $500, maturing one bond yearly. Interest will be
:
—
I
.
|
1
—
—
authorization.
Hastings, Neb. Bonds Proposed.— The issuance of bonds
for an eltctric-light plant is being considered by the citizens
For Z\i% Brmds—
Premiuin,
For i% Bond-'—
Premtum^
$.=.0 00
Stodiard, Nye & Co.. Minn...
C. S. Co«6n Chicago
t461 oft
Merchants' L'u & Tr. Co., Chic.
80 50 W. J. Hayes & Sons, Cleve
+44B OO
G. Ellason, Mont evideo
60 CO Denison, Prior & o.. Cleve
*423 00
Minn. L'n & Tr. Co., Minn'lis.
55 00 N W. Hnrrls & Co., Chicago. . f409 OO
*or3ft)% Bmida.
Trowbridge,
MacDonaid &
•+85 00
J. C. Norton, St. Paui
Niver.Co., Chicago
tSll COtor 4% B'indii.
State.Savlngs Bank St Paul
t275 00
T. B. Potter. Chicago
487 00 B. H. Rollins & Sons, Boston,.
?i
S. A. Kean. Chicago
37 50• And will furnish blank bonds.
+ An d accrnefj interest.
i
of this place.
.
.
.
Haverhill, Mass.— Bond Sale.— On June 24, 1899, the $25,000 4% street -improvement bonds were awarded to Blake
Bros. & Co., Boston, at 107-36. Following are the bids
107-36
Blake Bros. & Co.. Boston
107-039
Benjamin Fisher
107-08
R,!.. Day « Co., Boston
10;-276l Kstabioofe & Co.. Boston
W. Holraan Gary & Co., Boston. 10'-2I3 Adams & Co Boston
lOti-i'a
Bonds mature $3,000 yearly on July 10. For further de106-819
Perry, Coffin a Burr, Boston.... 107-20
i»enison. Prior & Co., Cleve
107-196 E. H. KollinsA Sons. Boston.. 10«-71
N. W. HaiTiB&Co., Boston
scrintion of bonds see Chronicle June 3, 1899, p. 1091.
106-60
Blodget, Merrltt A Co., Boston. 107166 R. Kleyoolte&Co., N. Y
Lafayette County (P. 0. Lexington), Mo.— ^"?.dSiaZe.—
107-09
Kines & Cnmniines, Boston
Vermilye & Co., New 4ork
lOti-29
Bonds m-ature April 1, 1909. For lurther description of The following bids were received on June 20, 1899, for the
bonds see Chronicle last we*-k, p. 1237.
$80,1 00 township refunding bonds
Hollj Springs, Miss.— i?ond Sate.— On June 23, 1899, the
ForSMi Bonds.
For4% Bnnd.
Miss. Vaiiey Tr. Co., St. 1^.. .$8a,4i;.T OB$16,000 6^ 5-20 vear (optional) water and light bonds were AJtheimer & Rawlings. St. L. -Par
(•«' i% Bonds.
N. W. Harris & Co., Cblc
t^l.450 40
awarded to F.R.Fulton & Co., hicago, at 103 75. For
1
.
:
<
I
I
.
|
|
I
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:
.
<
Farson, Leach
description of bonds see Chronicle June 10, 1899. p. 1144.
Huiistoii t'oanty, Texas
Bonos Registered and Sold.
The Comt)troller has registered an is^^ue of $29,463 county
bridge bonds. Securities have been taken by the permanent
school fund.
HndsHii, loTva.— Bor^ds Voted
This place has voted to
issue $5 000 water works bonds.
Hnnnewe I ( Mo.) School Distriit.— Bond S«Zg.— On June
22. 1899 the $5 000 5-20-year (optional) school-building bonds
wer« awarded to the Donaldson Bond «fe Stock Co., St. Louis,
at 100-6 for 4 per cents.
lliun, N. \.—bond Sale.— On June 27, 1899, the $10,5
4%
Bewer bon's were awarded at public auction to W. J. Hayes
Sons, Boston, at 106*72. Securities mature $2,500 ytaily
on July 1 from 1908 to 19.0, inclusive, and $3,010 on July 1,
—
—
•
A
1911.
lu'iepeiidenpc. Mo.— Bond Sa/c— On June 20, 1899, the
$60,' Oo 4? 5 20 year (optional) pubbc-f^ewer bonds wer*»
awarded to the Central Trust Co. of Kansas City at 101*75
and bianb b- rde Following are tbp bids
:
Central Trust Co.. Kansas City. $1,050
Jdo. iNuTeen A Co., ( hicatjo....
000
Sawyei Banking Co.,
Independence
Cftrlsniau-
*
And wiU furnish
I
I
,
840
i
W Harris & Co., '~hicago
Little & H«ts Inv. Co.. St L....
N
Oenlson. Prior
W.
I.
.
Hayes
&
&
$4''2
372
*302
i4
rieve
Sons, Cleve
Co.,
blank bonds.
tsond^ Prnprsed —The Board of Pub
Workt* Uas decided to ask Comptroller Johnson to recommend the ip'-nance of $150.00 bonds for the purpose of
building a bridge over Fall Creek at Meridian and Illinois
iiHliaiiapolM. liid.
lie
Streets.
—
Itasca C<tnnty, Minn.— Bid«. Fol'owing are the bids receivrd June 14, 1899, for the $85 000 sold funding bonds
Prermum Tr. wbrldge, MacOonald &
B. H Gay & r-o., for RV4% bond...$l,»20
Niver Co.(5S bonds), uar less.t3,973 00
:
Denisori, Prior.*
Co &t5;y-,h'd
Hayes & Sons, Cleveland
..
'
t-.i I'
W..T.
-^^^
& Co. «°'«*°"- 'co
( % bonds), par less
4,037 50
25 Devitt, Tremble & Co.. ChiE. D. Shepard v Co., i4% bond..
Far»)n, Leach & Co., is% bond
2,000
cago (6% bonds), par less
S.fOOOO
As flirtied last week, bonds were awar *-d to E. H. Gay &
Stoddard, Nye
.
Co., B<)Ston the price being 101 20 for 5j^ per cents.
4i<^
Jackson, Minn.— Bond Sale
June-<i6. 1899, $10.0
were awa-ded to Geo. M. Bechtel,
electric-lit; ht bonds
Davenport, T wa, at 105 05 and blank bonds.
—On
Jasper, Walker County, Aia.— Warrants Authorized.—
The Town Council has authorized the issuance of $10,000
school warrants.
Jeffers-n County (P. 0. Dandridge), Tenn. Bonds DeAt the election held June 1, 1899, the proposition to
feati'd.
bonds for turnp kes was defeated.
issue $10 ',0'
Jefferson, Iowa. Bond Sole. This city has sold at private
10-20sale to the First National Bank of Chicago $6,000
—
—
H
'
And all
& Co., Chic. .•$62,131
refunding!expenses.
+
And
. .
Fur i}t% uonAt.
00
nenison. Prior
blank bonds.
Sl
Co., Gleve. .t82.600 oO'
The County Court rejected
all the above bids, whereupon
the Mississippi Valley Trust Co.. St. Louis, made the proposition to take the entire issue, to bear 3^^!? interest, at par
and to pay all expenses connected with the refunding of th©
bonds, the said trust company to receive a commission of
$1.6o0.
Tbis off^r was accepted by the County Court.
Lafee Mills, Wis. Bonds Voted.— Thi<^ village haa voted to
issue $-i.5no bonds to build a hall and $i00 bonds for a bridge.
LakfT»ood (Ohio) School District. — 5"no>s Defeated— Kt
an election held May 29, 1899, the proposition lo issue $S5,000 high-school bonds was defeated.
Larchmout. N. Y.— Bond Sale un June 24, 1899, the $30,500 31^^ eewt-r and $5,000 Z^'i street improvement bond*
Co., New Yoik at 103 275.
were awarded to Farson, Leach
The list of bids received will be fiiven next week.
Lawren<e, Mass. Bonds Authorized.— Th'^ issuance of
$154 <i00 4? high-school bonds and $90,000 S% municipal loan
bonds has been authorized. Of the high school loan $104,000 18 part of the |2i 0,000 authorized in 1^98 the remaining
$9«,00o havine already been issued: these bonds are a' I dated
August 1, 18S8. and mature $8,000 yearly, the $104,000 above
mentioBed maturing from 1911 to 19.'3, inclusive. The other
.$50,000 of the school issue will be payable one-tenth yearly.
Interest will be payable February 1 and August 1. The
$90,00 S% municipal loan will be dated July 1, l«99,aDd will
be payable one-tenth yearly. The date of sale ot the school
issue has not yet been determined and the J90,0OU issue, we
are advised, will p»»lNiibly be soli by subscription.
L»*rna (III.) School Di8trict.--Bo'?ds Voted. This district
has voted in lavor of issuing #2,700 bonds for a new schoolhou^e.
Lima, Ohio. Bond Offering. Proposals will be received
nntil 12 M. July 17, 1899, by C. E. Lynch. City Clerk, for
$ 6 000 b% West Market Street paving bonds No. 2. Securities will be in denominations of $30o and $500, da'ed July 1,
1899: interest will be payable semi-annually at oflBce of the
City Treasurer. Principal will mature |8''0 each bix months,
from January I, 1900, to July 1, 1909, inclusive. Bonds are
isi-ued pureuint to S-ctions 2703 to 2707, inclusive, and 2709,
Revised Statutes of Ohio, and to a city ordinance passed May
Bidders must use the form of bid furnished by the
29. 1899.
Cit> Clerk, and no proposal will be considered that is not accompanied by a certified check on a Lima bank payable to
the City Clerk, in the sum of at least ^%ot the amount bid for.
The official circular states that there is no controversy pending or threatened affecting the validity of these bonds.
—
&
—
—
—
——
July
1,
—
IHE CHRONICLE
1899J|
13
r:«it-
Middle own, Ohio.—Bond Sale—Ou June 27, 1899, the
Loop Hy School Distrht No. 1, Sherman County, Neb.—
Bonds Voted. — An election was ht-ld in this district on June •$49,500 i% refunding water-works bonds were awarded to
Seasongood & Maver, Cincinnati, at 107 'lOS. For descrip23, 1899, at which |7,000 school-building bonds were voted.
Lower Jlerion Township School Uistrlct, Montgomery tion of bonds see Chronicle June 17, 1899, p. 1195.
MillTille. N. J.— Bond O^^ringr.— Proposals will be reCounty, ¥.'.— Bonds Froposed —This district proposts to is•
4%% bonds.
Mahoning Oounty, Ohio.— Bond O^enngf.— Proposals
sue |30,(i00
will
be received until 10 a. m. July 10, lb99, by the County Com
missioners at Young town, for $25,(i00 4J^^ bridge bonds.
Securities are
denomination of $l,0OO, dated July 1, 1^99.
Interest will be payable March 1 and September 1 at the
office of the County Treasurer.
Principal will mature yearly
on September 1, |l,00(t from 1901 to 1911, inclusive, and
ceived until 2:30 P. M. July 6, l'*99, by Edward H. Stokes..
City Treasurer, for 13 ,000 4% funding bonds. Securities are
dated J aly 1, 1899. Interest will be pavable semiannually
at the office of the City Treasurer. Principal will mature
<
A
m
certified check for
$l,oOO yearly, beginning July 1, 1909.
10^ of the amount of bid, payable to the City Treasurer, will
be required.
M«uongahela, Pa.— Bond Sale.— On .June 16, 1899, $59,000
Stevenson, Philcertified check en 3t^fb refunding bonds were sold to Sailer
I2.O00 from 1912 to 1918. inclusive.
some bank doing business in Mahoning County for $2,000 will adelphia, at 100-17. Bonds mature $2,000 in 1909 and $3,000
Aurhority for the issuance of these bonds will yearly thereafter.
be recjuired
Montclair, N. J.-Boud Sale.— On June 26, 1899, the $12,be found in S-ctiots2834 A and 821. Revised Statutes of Ohio.
Miilden, Mass.— Bond .>oZe.-On Jnne «, 1^99. $33,200 3i^^ 000 3J^.<!^ 3-14 year (serial) gold school bonds were awarded
bonds wtre awarded to JoFe, Parker
Co., Boston, at to ttie Howard Savings Institution of Newark at 101*129.
full list of bids will be given next week.
101 -SOi.
securities are issued for the following purposes
Montreal, Can.— Bond SaZe.— sale which attracted much
$4,2()0 Ceil' re street BridKe bonds.— (Jne for $1,200 ,md three for »1,900 each'
attention last week was that of the $3,000,000 3}^^ 40 year
all rtatecl May 1. i(-90, and 7naiuring In irom one to four years.
5,0(0 bricli sidewalk bonds, in denomination of fl.oou, dated June 1. 1899, and
gold loan of Montreal, Canada, to a Chicago syndicate on an
ma uring in from one to Ave years.
10,000 new street h iids, in denomination of |ll,00O, dated .Junel 1899, and ma- interest basis of 2^4%.
The syndicate was composed of
turiiiK in from one to ten vears.
Farson, Leach
Co.. N. W. Harris
Co , Devitt, Tremble
10,000 surface dialnaae bonds, in dtnomiuation of $1,000, daied June 1, ISS'O,
and maturing in from one to ten years.
Co., the Illinois Trust
Savings Bank and the First
4,000 Glrnwood Scbool bonds, in denomination of $1,000, dated June 1, 18S!),
National Bank. It is rather unusual for Canadian securitiee
and maturing In from one to four years.
to be bid in by United States investors, as it has generally
Interest will be pavable semi annually at the National been the case heretofore that those bonds not purchased by
Bank of Redemption, Boston.
local banks or investors have been sold in the London
Mankato. Minn.— BonJ Sa?e.— On June 10, 1899. the $15,000 market. The purchase was made through the Bank of Mon'i}4^ refuiding water-works bonds and $"<.0"0 31^^ refunding treal, which will account for the fact that .some of the pabridge bonds were awarded to Rudolph Kleybolte
Co., pers have repoited that the bonds had betn awarded to that
institution.
Cincinnati, at 01 004. Following are the bids
Moore County (P. 0. Carthage), N. C.—Bor>d Offering.—
II. Kleybolte ft Co.. Cincin'ti. $23,831 00
Denison. Prior & Co.. Cleve. .:>iaH,l'iO 00
Farson. L«acb & Co Cbic... 23,i!65 00 N. W. Harris & Co., CbirsKO.
Par.
will be received until 12 M. July 3, 1899, for $8,000
Proposals
3.S,174 80 W. J.Hayes & Sous, Cleve.,
Stoddard, Nye Ai Co.. Minn
March. r>can&Tr. Co., Chic. 23,11450| par less
...
21000 5% bonds. Securities are in denomination of $1,000. Interest
will be payable semi-annually. Principal will mature $1,000
Both issues mature 20 years from date. For description
yearly from 1907 to 1914, inclusive.
bonds
sf
e Chronicle, June 3, 1899, p. 1092.
of
Morton, Miuu. Bias. Following are the bids received on
Marianna, Jackson County, Fla. Bond Offering.— Pro- June
19, 1899, for the $7,000 bonds which were awarded, as
posals will be received until noon to-day (July 1, 1899,) by
stated last week, to the Minneapolis Loan
Trust Co. at
W. H. Milton. Jr., Mayor, for $10,000 Q% water-works exten- 103-928.
sion bOLds. Securities will mature 20 years from date of
Minn. Loan & Tr. Co.. Minn .$7,-276 00 Bank of Yellow Medicine Co..
issue.
certified check for 2% of bid will be required.
Bank of Red Wood Kails
7,26« 00
Granite Falls
$7.126 00
Marion (Iowa) Independent School District.— Bonds A. C. ^orton,St.
7,07160^
Paul
7,24000 Kane &Co., MinneapollB
W. J. Hayes * Sons. Cleve.
7,176 00 S. A. Kean, Chicago
7,06126
Fo^ed.— On Jane 8, 1899, this district, by a vote of 148 to 5, U.C.
Cullora. St. Paul
7,150 00 Chas. F. CofiBn & Co.. Chicago. 7.051 00
authorized the issuance of $i 0,000 school bonds. Interest
Monnt
Sterling
(Ohio)
Union School District.— Bond
will be i% or less, and the principal will mature ten years
from date of issue, subject to call after five years. Bonds Oj eri7/.Q.— Proposals will be received until 12 m July 10,
1899, by J. M. Williams, Clerk Board of Elucation. for
will be sold at private sale.
Marion (Ohio) S. hool District. Bond Sale.— On June 16. $3,000 &% bonds. Securities will be in denomination of $500,.
18^9, $IH,00" 4M<J bono 3 were awarded to the Atlas National dated July 10, 1899: interest payable semi-annually at the
Farmer's Batk, Mount Sterling. Principal will mature $500
Bank, Clncinnaii. at 112-041. Following are the bids
March
1 and September 1 in each year from March 1, 1905, to
110-25
Atlas Nat. Bank, Cincinnati. .. 112041 Meyer & Kiser, Indianapolis
Bonds are issued pursuant to Section
8. A. Kean. Chicai?o
lll-Ou
>'ewFir<t Nat. Bank, Colum... .1 -211 September 1. 1907.
Lamprecht Bros. Co.. Cleve
1
iitt N. VV. Harris & Co., I'hicaKO
110-15
3993.
Revised
Statutes
of Ohio, and to a resolution passed by
Feder, Ho<zman & Co., Clncin.. 110-40
W. J Hayes & Sons, Cleve ....110-15
Farmers' & Mech. Bh, Marlon.. 110-338 Denison, Prior &Co.. Cleve... 109-«11 the Board of Education on June 7, 1899. Proposals must be
..110-3ifi German Nai. Bank. Cincinnati. lOW'Sii
Ohio Nat. Bank. Columbus
accompanied by a certified check for $200,
0- t<8
SeHBoneooii & Mayer. Cincin
Bnggs, Todd & Co.. Cmcin
ifcici?
&
A
A
&
:
A
&
&
&
&
&
1
:
,
.
I
.
I
—
—
&
A
.
.
.
.
.
:
t
i
.
t
K. Kleybolte* Co..Cincin
New Mexico.— Oeri^afe
UO-277
Securities are in denomination of $500, dated June 16, 1899.
Interest will be payable June 16 and December 16. Principal will mature one bond each six months from June 16,
1903. to Dectmher 16, 1920, inclusive.
Marquette, Mich.— tfond ^afe.- On June 23, 1899, the §10,000 4« refnnding bonds were awarded to the Marquette
County Savings Bank of Marquette at 100-82. Principal
will matore |f>.( 00 on July 1 of the years 190:i a' d 1903. For
fuiiher desciiption of bonds see Chronicle Jane 17, 1899,
p. iiss.
Marlins Ferry, Ohio.— Da«e of Sale Changed.— The date
for the bale ot $1»,650 sewer district bouds has been changed
from July 8. I'-yQ, to July 15.
description of the bonds was
given in the Chhonicle June 17, 1899.
Bonn Oj/erwy.— Proposals will be received until 12 M. July
A
by Kills D. Lash, City Clerk, for $3,5(i0 0% fire deSecurities are in denooiination of $250.
Interest will he payable semi am ually.
Principal will
mature one bond each March 1 and Septeaaber 1. beginning
16,18i<9,
partment bonds.
Maicb
1,
1900.
Ma)8ville.
Mo.— Bonds Foted.—This
place has voted to
with gaso-
issue bonds for tbe purpose of lighting the streets
line.
Mercer Comity, Ohio.— Bond Sale.— On June 23, 1899, this
couuty eold $18 uuO 6% Romer R^ad iuaprovement and $2 f>00
6<r Evar.8 Road improvement bonds to Feder, Holzmau & Co.,
Cin mnati, at h 6'829. Following are the bids
Feder, Holxman & Co., Cin. $21,90O00| Seasoneood & Mayer. Cincin. $21
:
Demsoa. Prior*
Co., Cleve.. 21,897 50
Meyer* Kiser, n.ilMnap'Jis.
W.J. Hayes* Sons, Cleve...
21,80-'
i
2l,8B2 00
I
BriKKS.
,
JS.
I
S.
Todd *
w. Harris &
A. Kean, Chicago
Bonds
84800
Co., Cinciu.
21,8 500
Co., Chitaco. 2i,84"«0
.
21,i65 55
will bear date July 1, 1899; ioterest will be payable
semi aunnally at the office of the County Treasurer in Celina.
The $18, 00 issue will mature $1,000 January 1 and July 1 in
1900 and $2 (>( January 1 and July 1 in each year from .Jan.
1, 1901, to July 1, 1904,
The $2,500 issue will mature ^5<iO
yearly on July 1 from 1900 to 1904. inclusive. Bonds are
issued uDrier authority of Title 7, Chapter 8, Revised
Statutes of Ohio and amendments thereto.
MIddletowii, N. Y.— Temporary Loan. This city haa negotiatt-d a temporary loan of $6 000 with a local bank, in anticipation of the collection of taxes.
—
Side.—Oa June
Arthur Seligman
$20,0()0®100"l 25
j
the fol-
27, 1899.
lowing Q% certificates of indebtedness were awarded
InterDatlonal Tr.Co.,
j
:
$ 5.000@10200
Denver
} 25,0i0@10300
There still remains over $40,000 of these certificates to be
sold.
Tbf y pre dated March 1, 1899, and mature in from one
to five >ears from their date, subject to call after one year.
Interest will be payable semi-annually at the office of the
Territorial Treasurer.
Nen Philadelphia, Ohio.— Bonds Defeated. At the election ht-ld Jane 23, 1^99, the proposition to issue .$25,000
improvement bonds was defeated, as it did not receive the
necessary two-thirds vote. I. A. Correll, City Clerk, writes
us that there may he another election held for this purpose.
Northampton, Mass. Ternporari^ Loan. - This town has
negotiated a five-months' loan of $50,i.00 with the
England Traet Co. at 2-74^
Norwalb, Huron Coanty, Ohio. Bond Sale.— On .June 17,
1899, the $11 OOo 5% bridge bonds were awarded to the Haron
Count V Banking Co., Norwalk, at 115 943. Following are
tbe bids
Huron Co.Bank'KCo.,Norw'k.»12, 53 66 Lampreclit Bros. Co.. Cleve. .$18,260 CO
Crognan Bk.& Sav.Co..Frem'i 12,t1»l 50 Seasongood & Mayer. Cincin. 12.-^'i 84
S.
Shitz
10,0O0@100-00
I
—
—
New
•
Ailis ^at. Bank, Cincinnati.
S. Kiibn .» Sons. Cim-'nnali..
N. W. Harris & Co.. Chicago.
Kerter Holzman v Co.. Cin ..
R. Klevboite * Co.. Cimin....
12,4'-o00
New
1st *at. Bk.,
Columbus.. 12,'.3200
13,216 00
li.AbiW W.J. Hayes* Sons <"leve..
12.3-«> 00 Briires.
odd &< o.. Cine n..
l-<!,lt5 77
12.1<t0 00
A. Kean, Chl'-aRO
Citizens 'BkK.&Tr.CcSan'sk? 11.276 00
i
1^,348 00
12.2tf3iO
S.
Principal will mature $500 each March a^d S(^pt. Ifrom
March 1, 1904, to Sept. 1, 1914. For description of bonds see
Chronicle May 27, 1S99, p. Hi41.
Norwood, Ohio. Borid Ojjering Proposals will be received until 12 M July 25, 1^99, by W. E. Wichgar. Village
1
—
Wm.
Clerk, at ihe cffice of
R. Collins, Room 505, Jobnston
Building, Cincinnati, for $5,754 44 6;g bonds, issued for the
pu'pose of paying cost of constructing sewer in Monti;omery
pike. Securities will be dated July 5, 1899. and will mature
one tenth annually. Bids must be accompanied by certified
check for 5% of the gross amount of bonds, payable to order
of Village CUrk.
Oberlin, Oh- o.— Bond 8ale.—0n June 5, 1899, the $800 6%
Spring Street sewer
Northwest Sewer District and $1,200
bonds were awarded to Feder, Holzman & Co.. Cincinnati,
at 107. For description of both issues see Chronicle, Jnne
H
3,
1899, p. 1092.
—
—
7
Omaha, Neb.— Bond Sale.— On June
24, 1899, the $50,000
awarded to Farson,
were
bonds
paving
and
20-year
sewer
45^
Leach
Co., Chicago, at 109 SST. Following are the bids
&
:
Farson. Leach & Co., Chic....»64,768
K. KleyboUe&Co.,Ciiicin. .. 6i.260
C. H.Whlte & Co., New York. 54,250
Denison, Prior* Co.. Cleve.. 54.227
B8tabrook&
8pitzer& Co.. Toledo
S.A. Kean, Cbioago
50
05
»!Hi2
S2
58,625 00
53,52100
National Bank
B. H. Rollins & Sons, Denver 53,3SO 00
SeasoDBOod & Maver. Clncm. 53,335 00
Blake Bros. & Co.. New York 63.275 00
Omaha
00
60
54,017 50
Co.. Boston
Co., Chicago. 53,756 00
W. Harris &
For description of bonds see Chronicle June 10, 1899, p.ll45.
Oneonta, AI&.— Further Details of Bond Offering.— The
$10,000 5^ water-works bonds for which proposals are asked
until July 10, 1899, will be in denomination of $100, dated
July 1, 1899; interest will be payable January 1 and July 1.
Principal will mature July 1, 1929. Bonds are issued under
the Act of the General Assembly of Alabama, approved Feb.
N.
Aquilla
10. 1899.
J.
Ketchum
is
Mayor
of the City.
Paulding, Ohio.— -Bond O^eringr.— Proposals will be received until 12 M. July 10, 1899, by the Village Council for
Secur|;3,250 5 % 2-6 year (serial) street improvement bonds.
ities are issued pursuant with Sections 2704, 2705 and 2709
Revised Statutes of Ohio. They are in denomination of $450,
dated Julv 10, 1899. Interest will be payable semi-annually.
A certified check for $200, payable to the Village Treasurer,
will be required.
Paro.Cra. Bond Election Proposed.— Citizens of this place,
in mass meeting assembled on June 16, 1899, passed resolutions requesting the Mayor and Council to order an election
to vote on the proposition to issue bonds for a library build
ing, auditorium. &c.
Perkasie, Pa.— Bonds ^M^/iori2;ed.— This borough has voted
We
are advised that
electric-light bonds.
to issue $15, Oi
these bonds will most likely be taken by local investors.
Philadelphia, Pa.— Bond Sa^e.-On June 27, 1899, the
$5,600,000 serial loan (bids for which were opened on June
36) was awarded to a syndicate composed of Drexel & Co.,
Sons, New York, at
Brown Bros. Co. and Harvey Fisk
100-589 for d% bonds. At this rate the investment will net
the purchasers but 2-949^. Following is a full list of bids reported, over 40 in number and aggregating over 37 millions of
dollars, if we include the double bid of the Drexel syndicate.
For 3% Bonds.
Drexel & Co
)
[•AH or none
lOO'oSO
Brown Bros. & Co
Harvey Fisk & Sons
&
&
Dick Bros.
A
& Co., PhUadelphia—
Series F
Series G
Series
Series 1
Series J
100*15
B
100- 1
H
10019
C
D
E
100-28
100-31
100-22
100-;<5
10034
Vermilye & Co., New York, entire issue
Pennsylvania Railroad, series J
Philadelphia Trust, Safe Deposit & Insurance Co., $1,600.000
Edgar M. Wevl, 1600 series A
,
Jacob L. Wevl, 1560 series A
Lucy Wey 1, f 500 series A
Henry G. Breugh, $J00 series A
Edw. McLaughlin, »5, 000 series B
100-37
100-42
100-19
....101-42
lOOoO
105-00
105-00
105-00
101-6(5
IO0-5O
W. G. Huey & Co.. Philadelphia, $100,000 series J
Geo. W. Blabon, Philadelphia, $26,000 each series
W. F. Myers, $7,uu0 series A
10000
10000
Alex. R. Shaw. Trustee, $1,800
K. W. Clark & Co., Philadelphia-
10000
$60,000
50,000
50,000
50,000
60,000
A
99*00
98-91
98-82
98-72
98-65
series
series B
series C
series
series
D
B
100-00
$60,000 series
50,000 series
F
G
H
50,000:series
60,000 series 1
50,000 series J
98-57
9849
98-42
98-34
98-27
For 314% Bonds.
Columbia Ave. Sav. F'd, Safe Dep.
T.
&
Tr. Co., Phtla., $50,000 series
A. .101-00
Drexel & Co
)
Brown Bros. & Co
> All or none
Harvey Fisk & Sons
)
Graham, Kerr & Co., Philadelphia, entire loan
Illinois Trust & Sav. Bank and Farson, Leach &Co., Chicago
10363
Series A
103-57
Series B
104-17
Series C
104-53
Series D
10480
Series B
Fidelity Mutual Life Association—
»10,0i'0 series
10,000
10,000
10,000
10,000
series
series
series
series
A
,104-11
B
C
104-4M
104-83
105-18
lt5-52
D
B
Northern Saving Fund Safe Deposit
$20,000 series
20,000 series
20,000 series
&
$50,000
50.000
60,000
50,000
50,000
A
&
104-15
104-50
104-85
B
C
Co., Philadelphia—
series
series B
series C
series D
series
A
Series F
Series
Series
Series 1
Series J
H
$10,000 series F
10,000 series G
10,000 series
10,000 series 1
It .000 series J
H
Wm.
102-22
102"34
102-46
F
lot-go
105-55
105 85
$50,000 series F
50,000 series G
60,000 series
60,000 series I
50,000 series J
102-87
103-03
103-17
103-32
108-46
G
102-57
102-68
H
1
120,000 series
20,000 series
!$T00
B. Rankin, Lancaster..
series
H
B
l.OOOseriesG
1,000 series 1
i^
Helen Vaughn Baeder, Chester, $3,000 series J
Herman Lodge No. 7, $1,500 series A
Frank F. Bell & Co., Phlladel phia, $500 of series
,
J.
Fred Baler
<
(
Howard Baker, $1,000 series
John Roth well, $2,000
J
A
Charles Dougherty, trustee, $2,000
Charles Llndhorst, »2.( 00 series J
Louisa M. Slier, $2,000 series 1
Mrs. Mary C. Bimm Mifflinbnrg, Pa., $3,500
Dr. Louis Schwarz. $16,000
Jacob A. & Louis Schwarz, trustees, $10,000
Dr, Jos. P. Bolton, t2,600 series A
!.
I
and J
H
105-00
1 02-60
I02-o0
104-10
103-00
10260
Louisa HaiK, *'.iOo series J
B. Lennig. trustee, $^0,000 series A
Melville G. Baker, »400 series I and J
Louis George, |.">oO series A
J. B. Robinson, Ardmoro. $10,000 series A
Collins, .$lo,ooo series
106-00
107-00
108-08
108-00
106-00
$100 series
200 series I
400 series J
John
John G.
105-84
106-16
106-17
106-77
107-06
D
B
series
20,000 series
20,000 series
$-.i0,000
DauDhin Deposit Bank, Harrisburg—
$20,000 series D
20.000 series E
20,000 series F
105-178
Trust Co., Philadelphia—
102-03
102-21
102-^8
102*55
102-71
E
105-889
105-01
105-31
105-51
106-78
106-17
6
I
[Vol. LXIX.
Bonds mature $560,000 yearly on December
1917, inclusive. For full description of
June 17, 1899, p. 1196.
102-04
102-0.5
lOOoO
100-125
UHj-OO
K 10-00
loo-iK)
100-00
100-00
100-00
100-00
100-00
100*00
31
from 1908
to
bonds see Chronicle
Port Chester (N. Y.) School District.—Bonds Proposed.—
This district proposes to issue about $43,100 ^%% bonds for
school buildings and improvements. The question has not yet
received the attention of the board, and the amount of bonds
to be issued cannot be determined until bids for the work
Port Huron, Mich.—Bond Sale.— On June 13, 1899, $9,000
Z% refunding bonds were sold to local investors at par.
Securities are dated July 1, 1899. Interest will be payable
January 1 and July 1, at the Hanover National Bank, New
York City. Principal will mature July 1, 1919.
Quincy, Mass.— i5ond Sale.— On June 28, 1899, $34,500 ^%%
improvement bonds were awarded to E, H. Rollins & Sons,
Boston, at 101 •916. Following are the bids
:
E. H. Rollins & Sons, Boston... 101-916
Blodget, Merritt & Co., Boston. 101-834
101-83
Jose, Parker & Co., Boston
Rines & Cummings, Boston
Blake Bros. & Co., Boston
101-79
101-76
R. Kleybolte & Co., New York..l01-759
101619
R. L. Day & Co.. Boston
N. W. Harris & Co., New York. .101435
Denison, Prior & Co., Boston... lOrSO
Securities are in denominations of $500 and $1,000. Interest
will be payable January 1 and July 1 at the National Bank
of Commonwealth, Boston. Principal will mature yearly on
July 1 as follows
$2,000 in 1900, $3,000 from 1901 to 1903,
$3,500 in 1904 and $4,000 from 1905 to 1909, inclusive.
:
Raleigh, N. C.
Bond O^enng.— Proposals will be received
until 12 M. July 15, 1899, by Jos. G. Brown, City Treasurer,
for $100,000 A.% 30-year bonds. Securities are in denomination of $1,000, dated July 1, 1899. Interest will be payable
semi-annually in Baltimore. Securities are authorized by
Chapter 159, Private Laws of 1899, and by a vote of the
people at an election held June 6, 1899.
The
official notice
of this bond offering will be found
among
the advertisements elsewhere in this Department.
—
Raleigh (N. C.) School District.— Description of Bonds.
$50,000 school bonds voted on June 12, 1899, will bear
5^ interest, payable semi-annually. Principal will mature
30 years from date of issue. Date of sale and other details
have not yet been determined.
Redding (Cal,) School District. Bond Election. An
election has oeen called for July 15, 1899, to vote on the
The
—
question of issuing $20,000 school-house bonds.
Red Lodge, Mont.— Bond Offering. Proposals will be
received until 2 p.m. August 1, 1899, for $25,000 5% 10-20-year
(optional) water-works bonds. Securities are in denomina*
certified check for $500 will be required
tion of $1,000.
with each bid. The city has no bonded indebtedness at
present. The assessed valuation for 1898 was $393,681 and
the real value ab' at $500,000. The estimated population is
—
A
3,C00.
Red Wing, Minn.— Bond Sale.— Oa June 2, 1899, the $5,000
4% refunding bonds were awarded to the Minnesota Scandinavian Relief Association at 109*1194. Following are the
bids
Minn. Sdan. Relief Asso
$5,455 97 Stoddard, Nye & Co., Minn. .$6,107 50
T.B.Potter. Chicago
8,267 00 Duke M. Farson, Chicago
5,062 00
5,05100.
Minn, L'n & Tr. Co., Mtnn'lis. 6,212 50 C. H. Coffin, Chicago
Farson, Leach & Co., Chicago. 5.210 00 Raymond T. Baby. Detroit .... 5,025 00
5, 62 75
B'k of Pierce, Simmons & Co.. 6.025 00
Denison, Prior & Co., Cleve.
5,161 50 N. W.Harris & Co.. Chicago.. 5.000 00
R. Kleybolte & lo., Cincln
.
. .
For SW/o Bonds.
Fearon
'
THE CHRONICLK
44
Series
Series
Series
Series
Series
——
—
:
.
1
Bonds mature July 1, 1919 For further description of
bonds see Chronicle May 27, 1899, p. 1042.
Reno County, Kan.— Bond SaZe.— Local papers report the
sale of $76,000 refunding bonds to the State Permanent School
Fund Commissioners.
Richfield, Sevier County, Utah. No Bonds to be Voted.
reported in some papers that this city would hold
an election on June 6, 1899, to vote on the question of issuare advised by the
ing $6,000 electric-ligbt plant bonds.
City Clerk that the proposition of bonding has been given up,
as the city is in such a condition that no bonds can be issued
at present.
Kockledge, Montgomery Co., Pa.— Bond Sale —On June
17, 1899, the $20,000 4% improvement bonds were awarded to
Lamprecht Bros. Co., Cleveland, at 102*025. Principal will
mature May 1, 1929, subj ct to call after May 1, 1904. For
further description of bonds see Chronicle, June 3, p. 1093.
Sand Coulee (Mont.) School District.— Bonds Defeated.
This district recently voted against the issuance of $3,000 Q%
5-7 year (optional) school house bonds,
Schenectady, N. ¥.— Bond Sa/e.— On June 27, 1899, the
$15,000 A% 20-year water-loan bonds and $15,000 4% 26-year
Co., New York,
sewer bonds were awarded to Allen, Sand
full list of bids will be given next week.
at 114 43,
Schley County (P. 0. Ellaville), Ga.— Bond Election Proposed.— An election to vote on the question of issuing $100000 court-house bonds is being considered. The date has not
yet been determined upon.
Schnjlkill County, Pa.— Bonds Legal. The following
dispatch from Pottsville, dated June 26, 1899, appeared in
the Philadelphia '• Public Ledger :"
Several weeks ago the Schuylkill County Commissioners awarded Henry F
Pearson of Philadelphia $i78.<ioo of tbe new county bond Issue. Action was
— Ic was
We
—
A
&
—
taken in court to prevent their delivery, on the ground that the issue was illegal because the bids had not been advertised for and the Commissioners' action
nad not been approved by the Comptroller. To-day JuageiW. A. Marr declared the issue legal and ordered the bonds turned over to Mr. Pearson.
Temporary Loan. — The county has negotiated a loan of
and one of $40,000 from
$178,000 with a Philadelphia investor
a local institution.
———
.
July
1,
THE CHRONICLE.
1899.]
funding bonds. Securities are issued under authority of
Chapter 54, Laws of 1899, and, accordinpr to the oflBcial circular, are offered
First, to the Board of Commissioners of the State Permanent School Fund
second, such of said bonds as shall not be purchased by the Board of Commlsers of the State Permanent School Fund will be offered for sale to the Loan
Commissioner of the State Aericultural Colletre third, such bonds as shall not
be purchased by the Loan Commissioner of the State Agricultural College will
be offered for sale to the citizens of Shawnee County at their par value at pri;
;
vate sale.
Bonds are in denomination of $100, dated July 1, 1899. InJanuary 1 and July 1 at the oflBce of
the County Treasurer.
Shelby (Iowa) School District.— Bond Sale —On June 1,
1899, the 16,000 4}4% 5-10-year (optional) school bonds were
awarded to T. B. Potter, Chicago, at 102-9166 and blank
terest will be payable
Following are the bids
'le.lTS 00
6,210 00
T. B. Potter. Chicago
A. Kean. Chicago
G.M.Briukerhoff. Spr'gfleld.
Chas. H. Coffin. Chicago ....
W. J. Hayes 4 Sons. Cleve..
Remdie A ^ims. Chicago
Jackson. Quint & Co., Ind'lls.
Kaoe & Co.. Minneapolis
J. W. Squire. Council Bluffs..
Merchants' L'n 4 Tr. Co.,Chlc.
S.
*
And blank
6.16100
6.136 00
6.132 00
6,135 00
6.100 80
6,0^0 00
6,075 0(>
6,073 00
&
:
Trowbridge. MacDonald 4
•|6,071 00
Nlver Co., Chicago
C. S. Kidder 4 Co.. Ch....lc... R.OrOSO
6.067 2H
S. Rudolph 4 Co.. Cleve
Denison, Prior 4 Co., Cleve.. 6,065 00
John Nuveen 4Co., Chicago. 6,f60 00
Mason. Lewis 4 Co.. Chicago. *«.052 50
C. F. Kimball 4 Co., Chicago. *6,035 (0
John H. Smith 4 Co.. CIncin. 6.033 60
May
27, 1899, p. 1043.
StarkTille, Miss.— B^nd Sale.— On June 6, 1899, the $12,500 0% 5-20 year (optional) Fchool bonds were awarded to the
Security State Bank, Starkville, at 102-56 and the $2,000 6^
4 10 year (serial) street-improvement bonds to the New First
National Bank, Columbus, at 106 '54. Following are the bids:
6,026 60
Ist Nat. B'k, Council Bluffs..
N. W. Harris 4 Co.. Chicago. •6,000 00
.
bonds.
Bonds Defeated.— On May
0% Brmdt.
31, 1899,
Security State Bank. Starkville
New First National Bank, Columbus,
nuke M. FarsoD, Chicago
the proposition to issue $40,000 Q% (optional) county warrants,
in denomination of $1,000, for the purpose of building a
court-house was defeated by 971 votes.
Southampton, Mass. Loan Not Negotiated. A report hn^
been printed in several of the papers that a loan of $50,000
had been recently negotiated with the New England Trust
Co. at 2'74^. In reply to our inquiries, Mr. F. E. Judd, Town
Treasurer, writes us that this is incorrect and that the town
has a loan of but $2,500 from Bond & Goodwin, maturing
Jan. 27. 1900, at SUi interest. The item above, we have
since been advised, refers to the town of Northampton,
which see.
Southern Pines, N.
C.
We
Starr County, Texas.— Bonds Registered.— On June 6,
Comptroller registered the $10,500 refunding courthouse and jail bonds recently approved by the AttorneyGeneral.
Sullivan County, Ind. Bond Sale.— It is stated that
$53,000 Jackson and Curry townships gravel road bonds were
recently sold at par.
Syracuse, N. Y. Bond Offering. —Propossils will be received until 3 P.M. July 3, 1899, by E. F, Allen, City Treae-
city recently
are advised bv the
NEW LOANS
Investment Bonds.
$300,000
Westfield,
New
CHICAGO GOLD
3is
MATURING IN 20 YEARS.
PRICE (07 1-4 AND INTEREST, SUBJECT TO
ADVANCE.
Bonds
deliverable after July
1899,
The Merchants' Loan & Trust
Co.,
C II I C A o o.
CITY OF RALEIGH,
$50,000
N. C,
THE CITY OF RALEIGH,
N. C, offers for sale
100.000 Four Per Cent Bonds, $1,000 each, running
30 ytars STRAIGHT from Ist July, 189S, Principal
and interest isemi-annuali payable in Baltimore,
Md. Assessed value of property 1807, $4.884,536Rate of taxation, 1-23 1-3. Tot il net debt of the
City March 1st, 1899, $269,830-37.
Sealed bids received until 12 o'clock noon July 15th. 1899. Fo
further information, address
J S. G. BROWV,
City Treasurer.
O. R.
GOODE &CO.
HIGH-GRADE \¥ARRANT$
Netting from 4 to
15
Midland Terminal R'way Co.
Per Cent Bonds.
S^.
WALL STREET NEW YORK.
Britain,
Conn
3is
Puinam, Conn
S^s
Wilkesbarre, Pa
3is
Johnson County, Iowa
3^s
Lowville, N.
Y
3is
Westbrook, Maine
4s
Conn
4s
Sioningion,
I,
3U
Mass
Ist.
City of Chicago 7^ Bonds, maturing July
will be paid by this bank.
^100,000
101-25
100-00
102*00
1899, the
NEW LOANS.
JULY INVESTMENTS.
of
101-90
101-04
100-50
100-12
100-00
Capitol State Bank. Jackson
Denison. Prior 4 Co.. Cleveland
People's Savings Bank, Starkville
Bonds Illeoal— This
gOld at par $20,000 Q% water bonds.
106-06
106-64
103-00
104-00
102-66
F. M. Stafford * Co., Chattanooga
First State Bank. Columbus. Wis
—
CITY
$2,0006% Bondt.
$12,500
Sionx County, Iowa.
4
45
City Treasurer, however, that upon investigation it was discovered that the Clerk of the Senate had made a serious
error in his records, when the bill authorizing these bonds
passed the Senate, which defect invalidates the issue, and
that nothing further can be done until next year.
South Washington (P. 0. Washington). Pa.— Bonds Defeated.— At the election held June 20, 1899, the proposition
to issue $30,000 street-improvement bonds was defeated by
a vole of over two to one.
Springlield, O.—Bond 0/ertng.— Proposals will be received until 8 P.M. July 18, 1899, by Philip Hounker, City
Clerk, for $10,000 5% park bonds. Securities are in denomination of $1,000, dated August 1, 1899. Interest will be payable March 1 and September 1 at the office of the City
Traders' National Bank,
Treaf^urer or at the Importers'
New York City. Principal will mature $5,000 on September
1 of the years 1920 and 1921.
Bond Sale.— On June 20, 1899, $4,771 53 6^ 1-5 year streetimprovement bonds were awarded to the Springfield Savings
Society at 107-25. For description of bonds see Chronicle
Shawnee County (P. 0. Topeka), Kan.— Bond Ojfferiug.—
The Board of County CommissioDers is oflferiDg for sale
"until thirty days after June 8, 1899," $50,000 4^ 10 year
bonds.
—
—
Sandusky,
4s
Jackson County,
4s
Mew Mexico
4s
Territory
Johnson County, Ind
4s
Pittsburg, Pa., School
4s
Crawfordsville, Ind
4s
Washington County, Maine
4s
Trinidad, Colo
5s
C.
R
I.
&
P. Ry.
Gold
4i
(COLORADO)
Ist
Mortgage 5^ Gold Bonds,
DUE DECEMBER 1925.
Payment secured by Sinking Fund
PRICE
10!4
E. H.
19
upon
Erie Telephone Co
5s
C. L.
&
W. Ry., Gold
5s
application.
ROLLINS & SONS,
MILK STREET, BOSTON.
Denver, Colorado.
5s
provision.
AND INTEREST.
Full particulars
Bangor & Aroostook Ry
San Francisco, California
and other choice bonds.
Descriptive List on Apph'cation.
MUNICIPAL BONDS.
Securities Netting from
3^
to 62
ALWAYS ON HAND.
8end for our Inveitment Circular.
OUKE M. PARSON.
Munlolpal Bond!.
18i<
Banker,
Dearborn Str««f
CHICAGO.
Denison, Prior & Co.,
Banker's,
35 Congre§§ Street,
Bo.<«toii,
121 Euclid Avenue, Cleveland.
——
:
THE CHRONICLR
46
urer, for $135,000 4% local improvement bonds. Securities
will be in denomination of $5,000, dated July 1, 1899; interest
will be payable January 1 and July 1 at the Union Trust Co..
New York City. Principal will mature $15,000 yearly on
July 1 from 1900 to 1908, inclusive. Bonds are issued parsuant to Chapter 229, Laws of 1895, as amended by Chapter 661,
Laws of 1898, and a resolution of the Common Council
adopted June
12, 1899.
Thornton Township (P.
Cook County,
0. Harvey,
111.)
Hiffh School District. -Bo72d Offering.— Ftoitos&\s will be
received until July 5, 1899, for $50,000 4% bonds. Securities
will be issued in denominations of $500 to $1,000 to suit purchaser. Interest will be payable May 1 and November 1
Principal will
at the office of the Township Treasurer.
mature $10,000 yearly from 1904 to 1908 inclusive.
Titusville, Vn.—Bond Oj^ertno.— Proposals will be received
until 10 A M. July 15, 1899, by Jules A. C. Dunbar, City CompSpcurities will be
troller, for $93,200 S% refunding bonds.
dated August 1, 1899, and will be free from State tax. Interest will be payable semi-annually and the principal will
mature August 1, 1919, subject to call after August 1, 1909.
Proposals Ojust be accompanied by a certified check for 5% of
the amount bid for.
Toledo, Ohio.— Correc^ton.— In the Chronicle June 17,
1899, we reported that the Trustees of the Sinking Fund had
purchaeed $20,500 street improvement bonds and 140,320
levee bonds. This item referred to Columbus, Ohio, and not
Toledo.
Co., ChiTrinidad, Col.— Bond SaZe.— Mason, Lewis
cago, have been awarded at 100-50 the $83,000 5% 10 15
year (optifnal) gold -refunding bonds mentioned in the
Chronicle April 15, 1899. These securities are issued to refund the $30,000 7% bridge bonds maturing July 10, 1903, the
$85,000 Q% funding bonds maturing Sept. 1, 1905, and the
$18,000 6^ funding bonds maturing May 1, 1907, all of which
are now subject to call.
Valley Springs (S. Dak.) School District.— 5ond« Voted.
This district has voted to issue refunding bonds.
Walla Walla. Wash.— i?onds Voted.— By a vote of nearly
ten to one the citizens of this place on June 20, 1899, authorized the issuHLceof $1 33.000 bou'S for the purchase of waterworks and tor a system of sewers.
&
—
[Vol. LXIX.
Warren Connty (P. 0. Vickshurar), Miss. Bond Ojfcr<ngf.— Proposals will be received until 12 M, July 3, 1899, for
$5,520 &% 5-20 year (optional) bridge bonds. Securities will
be in denomination of $500, dated about August 8, 1899.
Interest will be payable annually at the office of the County
Treasurer. Bonds are issued under Sections 311 and 312,
Code of 1892. The total bonded debt of the county, including this issue, is $68,620. The floating debt is abou< $30,000
and the assessed valuation of property about $7,000,000.
Population is estimated at 40 000.
—
Washington, Pa.— Bids, Following are the bids received
June 19, 1»99, for the $75,000 3'6^ 14-18-year (serial) streetpaving bonds
New 1st Nat. Bk, Columbus.t76,()00 00
Title Guar. & Tr. Co.. Wash. 7.^,848 76
75,805 00
C. R. WUliams, Pittsburg.
First Nat. B'k. Washington. 76,^00 00
Par
O. E. Murphv (for flO.OuO)
Mercantile Tr. Co., Pittsburg.$78,133 00
Leach & Co.. N. Y...
Robinson Bros.. PlttsburR.
Far.-on,
.
.
Denisnn, Prior
W.
&
Co.. Cleve
.
78,o.i7
50
.
77.782 5(t
77 452 to
77.087 50
.
.
.
Hayes & Sons, Cleve.
As stated last week, bonds were awarded to the Mercantile
Trust Co., Pittsburg
Waverly School District, San Joaquin County, Cal.—
Bond Offering. Proposals will be received until 4 p. M.
July 10," 1899, by J. W. Kerrick, County Treasurer, at Stockton, for $2,500 b% 1-10-year bonds. Securities are in denomination of $250, dated July 1, 1899. Interest will be payable
annually.
certified check or certificate of deposit for 105b
of the amount of bid must accompany proposals.
Westboro, Mass Bond 0£ering. Proposals will be received until 5 P. M. July 6, 1899. by O. K. Newton, Town
Treasurer, for $25,000 SJ^^ sewer bonds. Securities are in
denomination of $1,000; interest will be payable May 1 and
November 1. Principal will mature November 1. 19.'8.
J.
.
.
.
.
.
—
A
—
West Newton, Pa.— Bond Sale.— On June
1899, the
22,
$16,413 18 4% bonds were awarded to the Lamprecht Bros.
Co.. Cleveland, at 101-92. Following are the bids:
Lamprecht Bros. Co..Clev...$16.728 31 W. J. Hayes
ye Jk Sons. Cleve... »I0..^41 00
lie Trust Co., Pitts.. 16.000 CO
Denison. Prior* Co., Cleve.. 16,862 40 Mercantile
|
1
3.
A. Kean. Chicago
...
..'
10,597 83
I
Bonds mature one bond yearly, as follows: $418 18 in 1904
and $1,(100 from 1905 to 1920, inclusive.
Wilmington, N. C. Loan Authorized.— At a meeting of
the Board of Aldermen, held June 26, 1899, a six months
loan ot 130.000 was author zed for current expenses and the
payment of coupons maturing July 1, 1899.
MFW LOANS
INVESTMENTS
JULY INVESTMENTS.
Cincinnati Southern Railway Bonds.
We own
OFFICES OF
TRUSTEES OF CINCINNATI SOUTHERN RAILWAY,
IC, 1899.
To the Holders of the Bonds of the City of Cincinnati, Issued for the
Construction of the Cincinnati Southern Railway,
Maturing July I, 1902.
32,<iOOCityofAllegh'y,Pa.,Dis.4«Bd8.,
1 8,(mo Bor. McKee's Rocks, Pa., 5^Bds..
20,000 Bor. of Monessen, Pa. 5^^Bouds
14,000 •' Ha8l>ro«ckHt8.,N,J.,4^Bd8.
.{T.OOO Connty of Cass, Minn., b% Bds.
Price and Particulars on Application.
E
D.SHEPARD & CO
Ohio, the AFORESAID TRUSTEES, acting concurrently, have determined to extend until
July 1, 1940, the time of payment of any of the outstanding COUPON BONDS of the CITY OF
CmCUSTNATI, issued under the act of May 4, 1869 (66 O. L. 80), for the construction of the
CINCINNATI SOUTHERN RAILWAY, upon the holders of any of such Bonds as the AFORE
SAID TRUSTEES may agree with AGREEING TO REDUCE THE INTEREST thereon to
three and one-half per cent per annum. The coupons due July 1, 1899, to be paid at present
to
make offers hereunder and under
31
Nassau Street.
NashTille, Tenn
Montgomery, Ala
Saginaw. Mich
Austin, Texas
4j
4>^g
4s
58
4s
3J^s
48
4s
6s
68
Harrison County, Ind
lay County, Ind
Sandnt-ky, Ohio
19th day ot JULY, 189
offers, and all offt- rs must be made upon Monti>oni»*i"y County. Oliio
the circular to
l)e
issued,
which
is to
be
considered as a part of this notice, will expire on tlie
The Trustees reserve the right to reject any or all
the blank form provided by the Trustees for that purpose.
For circular and form of offer address " The Trustees of the Cincinnati Southern Railway,"
Cincinnati, Ohio.
By order of the Board of Trustees of Sinking Fund of Cincinnati and Board of Trustees©
Cinciuuati Southern Railway.
.
President of the
CHARLES P. TAFT,
BOARD OF TRUSTEES of the SINKING FUND OF CINCINNATI.
FERGUSON,
President of the BOARD OF TRUSTEES of the CINCINNATI S0UTHJ:RN RAIJ^WAY.
E. A.
,
BANKEKS,
"D Y VIRTUE OF THE POWERS veated in the Trustees of the Sinking Fund of Cincinuat
-^ and the Trustees of the Cincinnati Southern Railway, respectively, under the laws of
The privilege
ffer
H
AND
rate.
'
$50,0001 ityof* harlotle,N.C...j^ Bonds,
BondH.
00.000 City of Bayonne, N. J.,
lOO.OiiO City of Austin, Texas. b% Bonds,
TRUSTEES OF SINKIi^Q FUND OF CINCINNATI
ClXCIXNATI, .Tune
and
Tiffin, Ohio"
Upper Sandusky. Ohio
St. Paris,
—
Ohio"
Ohio
Van Wert, Ohio
fJlenvilie,
68
58
4»^g
Briccs.Todd & Co.
KG. 35 East Third Street,
CINCIINNATI, OHIO.
u
Government
and
State of Massachusetts
Ss
N. Y. Central & H. R. RR
33^8
N. Y. C. & H.R. RK..Mich.(en.tol.8i^8
SOLD.
49
AFPKAISBMENTS MADB OR QUOTATIONS t B. & q. Ist Mtgr., Neb. Ext
48
k'CRNISHED FOR I'HK PURCHA8K. 8ALK OK Chicago Rock Island & Pacific
Baltimore & Ohio Ist ft tge
48
KXCHANOBOF ABOVK SKCUHITIES.
West End St Ry.
4»
LISTS ON APPLICATIUN.
4i^8
West End St. Ry
Municipal Bonds
BOUGHT AND
.
f
{>
i
.'
1.
N.
W. HARRIS &
CO.,
BANKERS,
SI NA!4S.%i: ST.
(Bank
ot
Coumierce Bids.)
MASON, LEWIS &
CO.,
BANKERS,
BOSTON,
CUICAOO.
171 L.a Salle St.
MUNICIPAL
RAILROAD
CORPORATION
tfO
Devonshire St.
BONDS.
^^^^^^"
Choice Idsuea.
Perry, Coffin
ttO
&
Burr,
state S»treet, Boiitoii.
Street
Railway and Gas Companies.
LIMT ON APPLICATION.
— —
—
July
1,
THE CHRONICLE.
1899. J
Winnetka
lU.—Bond Sale.— t^arly
(Village).
month
this
&
this vilJage sold t > W. J. Hayes
renewal bonds at lOu 376 lor 4^8.
Sons, Cleveland. >8.100
Other bidders were as
Co. and Dake M. Farson, Chicago,
follows N. W. Harris
Co., Chiboth bidding par for 4)^^ bonds Mason, Lewis
cago, 10r5125 for 6% bonds. Securities are in denomination
of |1,000, dated June 1, 1899. Interest will be payable in
Chicago.
&
:
Worcester, Mass.— Bond Sales.— On June 13, 1899. this city
sold to Winslow & Co., Worcester, at 103'718, |60.000 3^^^
bonds for a heating, power and laundry plant for the city
Bonds matnre April 1, 1909. Winslow & Co.
awarded on June 19. 1899, $32,000 S^% schoolhouse bonds maturing April 1. 19(9, at 103'75. On June 22,
1699, Fuller, Tilton & Co., Boston, were awarded $25,000 4%
water bonds at 118 7475. The water bonds are issued under
Chapter 465, Laws of 1895, and mature January I, 1929.
Bond Sale—On June 26. 1899, the $7^0,000 'S%% water loan
certificates were awarded to R. L. Day & Co., Boston, at
hospital.
were also
Following are the bids:
108-429.
R.
Ii.
Day &
Adams ft
Vennilye
108-439
Co.. Boston
Co.. Boston
A Co., Boston
108-08
107'69
&
Co., Boston..]©: 68
& Co., Boston
Mason, Lewis
107-509
I
Principal matures June 1, 1929. For further description
of the loan see Chronicle June 24, 1899, p. 1238.
Tonkers, N. Y.-r-ona OJTertnflr.— Proposals will be re
ceived until 11 a m. July 5. 1899, by Leslie Sutherland,
Securities are
Mayor, f r $17,000
fire department bonds.
issued under provisions of Section 12, Title vi. of City
Charter as amended by Chapter 241, Laws of 1899, They
will be dated Jnly '.5, 1899. and will mature yearly on April
in the years 1902, 1903 and 1904 and $2,000 in
1, $5,000
H
1905.
Toungstown, Ohio.— Bond 0#mngr.—Proposals will be
received until 2 p. m. July 17, 1899, by F. C. Brown, City
Clerk, for the following bonds:
112,000 4% Spring Street pavine bonds, dated July 84, 18PP, and maturing *i ,700
on October
yearly on October 1 from J90« to 1«05, inclusive, and «i,8
1. iHirt.
certified check for $600 on a Mahoning County bank must
A
accompany
this prop 'sal.
2.300 5^ Garfield Street grading bonds,
|40o on October
in
l
dated July ^4, '8"9, and maturing
the years 1900 and 19ol. and f500 in IVvi, i9o3 and
190'.
560 55 Cherry Street grading bonds, dated July
on Kctober
i.
iw
and
1m«1.
and
!«
2i. 189P,
Octooer
1,
and maturing $20u
1W02.
Nuvecij
&
Calls and Redemptions.
County, Ga. Bond Call.— This county calls
for payment on July 1, 1899, after which time all interest
Nos. 28
will cease, $5,000 court-house bonds, as follows
and 51 for $1,000 each; Nos. 9, 35, 56, 58, 66 and 79 for |^00
each. Bonds will be paid at the County Treasuier's oflBce
in the Court House at Savannah.
Colnmbns, Ohio. Bond Call. The Trustees of the Sinking Fnnd have called for payment at the National Park Bank,
New York City, on July 15, 1899, $50,000 4% levee bonds,
numbered 1 to 50. inclusive, bearing date June 1, 1889.
Ford County (P.O. Dodge City). Kan.— Bond Call.— This
county calls for redemption at the fiscal agency of the State
of Kansas in the city of New York (The National Bank of the
Republic) on July 1. 1899, $93,000 bonds, issued Jan. 2, 1888,
in favor of the Arkansas Kansas
Colorado Railway Co.
B. F. Martin is the County Treasurer.
Helena, Mont.— Bo?id Call.—B.. F. Tilton, City Treasurer,
has caJlea for payment July 1, lfc99, at the Hanover National
Bank, New York City, or at the Union Bank
Trust Co.,
Helena, 6^ sewer bonds Nos. 1 to 130, inclusive, each for
$500, dated July 1, 1889; also sewer bonds Nos. 131 to 195. inclusive, each for $1,000.
Mahanoy City (Borough), Fa.— Bo?id Call.—AhneTl. Morris, Secretary, advises us that the borough will pay on Julj'
1, 1^99, at the office of the Treasurer, bonds Nos. 79 to 83
of issue No. 4 and Nos. 85 to 89 of issue No. 5.
:
—
C'o
,
&
—
Multnomah County, Ore. Warrant Call. Ralph W.
Hoyt, County Treasurer, has called for payment county warrants, Class " B," drawn upon the road fund, that were presented and indorsed " Not paid for want of funds "from June
Interest on
1, 1898, to June 30, 1898, both dates inclusive.
the^e warrants ceased on June 19, 1899.
Omaha, 'Seh.— Warrant Call.— City Treasurer A. G. Edwards has called for payment the following warrants General fund. Nos. 2083 to 2224: sinking fund, Nos. 47 to 50:
water rent. Nos. 5 to 9; fire, Nos. 4700 to 4859; police, Nos.
4620 to 4779; judgnaent, Nos. 301 to 320.
:
INVESTMENT^
INVESTMENTS.
PUBLIC SECURITIES
GOVERNMENT. MUNICIPAL
AND RAILROAD BONDS
INVESTMENTS
John
Bond
Chatham
&
Blodget. Merritt
,
Interest on the above bonds will be payable semi-annuallr
Bids must be made for
at the office of the Cit}' Treasurer.
each block of bonds separately.
&
;
47
INVESTMENT BANKERS,
SUITABLE FOR
Bank
Ist National
Building, Chicago,
SAVINGS BANK AND TRUST C. H.
FUNDS.
Offerfollowing bonds:
$20,000 Nebraska City School. ... Is
5,000 Cartersville. Ill, School. 4s LISTS MAILED ON APPLICATION.
10,000 Pardons. Kan., School... os
u
o
Farson, Leach
Co.,
5,000 Mechanicshurg, 111..
School
12,000 Cherryrale, Kan., Funding
17,000 Coffey >ille, Kan., Electric-Light
OS
loo Dearborn st
JlNGLO-A^MXUICAK BANKf
At.
Indiyidual Accounts received subject
to check
at sight in London
and Paris. Cable Transfers.
HIGH GRADE
t'8
Ltd.,
Charing Croga, London,
Ssi
state. Municipal, County, School
7.000 Bermidji, Minn.. Water-
Works
33 Nasfiaa
BANKERS,
AGENTS FOR THE
NEW YORK.
CHICAGO.
CO.,
BROADWAY. NEW YORK.
»1
& ^
WHITE &
BOIVI3S.
6s
I
6,000 Chamberlain, So. Dak.,
Water-Works
21,000 Lawrence Co., 111.. Drainage
I
.js
.58
13,000 Monroe Co., Ind., Eoad .li^s
60,<»OOCook Co., 111., Impr't
6s
20,000 Chicago,
ment
5,000 Evanston,
ment
111.,
Rudobh
Improre-
No. 1 Nassau Street,
C.
JONES &
CO.,
MSTS
IMATI.ED
BONDS.
Co.,
New
Schleslnger,
DEALERS
MUNICIPAL
York.
and
IN
RAILROAD
SECURITIES.
UPON APPLICATION.
THE
|
71
BROADWAY
-
NEW
YORK.
Lamprecht Bros. Co.
CLEVELAND, OHIO,
Century Building,
UPON REQUEST.
Co.,
BANKERS
j
'
16
BONDS.
LISTS SBNT
&
Blodget, Merritt
IN
MUNICIPAL, RAILROAD,
STREET RAILWAY & CORPORATION
DEALERS IN
IVunicipal, Railroad,
Street Railway and Gas
Whann &
Streets, Cincinnati, O.
UEALBRS
EDWD.
York
BANKERS.
6s
COERESPONDENCE SOLICITED.
New
&
Klevbolte
3d and Walnut
Improve6s
111.,
Legal investments for Savings Banks in
and all New England.
Congress Street, Boston.
13 Wall Street,
I
New
York.
I
Information given and auotattons furnished concerning all classes of stocks and bonds thai have a
Cleveland market.
STATE, CITY & RAILROAD BONDS
'
|
New
Vork,
Philadelphia,
Nassau Street.
421 Chestnut St.
1
If you wish to buy or sell Municipal
or other Securitie9,please write or call.
S.
A.
KEAN, 132 La
Salle St., Chicago.
Devitt,
Tremble
&
Co.,| F. R.
MUNICIPAL BONDS.
First National
Bank
Building,
CHICAGO.
FULTON & CO.,
Municipal Bonds,
171
la SALLE STREET^
CHICAGO.
:
THK CHRONICLE
48
[Vol. LXIX.
ffinancial.
I»I«,0
F O S ALS FOR,
$10,026,000
OF
STOCK
CORPORATE
NEW
OF THE
CI
I
Y OF
YORK.
EXEMPT FROM ALL TAXATION IN THE STATE OF NE^^^ YORK,
EXCEPT FOR STATE PURPOSES.
PRINCIPAL AND INTEREST PAYABLE IN GOLD.
EXECUTORS. ADMINISTRATORS, GUARDIANS AND OTHERS HOLDING TRUST FU^^DS ARE AUTHORIZED,
BY CHAPTER 65 OF THE LAWS OF 1889. TO INVEST IN THESE BONDS AND STOCK.
sealed; PROPOSALS WILL BE RECEIVED BY THE COMPTROI>LER OF THE CITY OF
office, No. 280 Broadway, in The City of New York, until
Wednesday, the 5th Day
of July,
NEW
YORK, AT HIS
1899, at 2 o'clock P. M.,
for the whole or a part of the following-described Registered Stock of The City of New York, bearing interest at
ONE-HALF PER CENT per annum, from and including the date of payment therefore,
the rate of THREE
to wit
$500,000.00 Corporate S tock of the City of New York for the Con
$2,000,000.00 Corporate Stock of the City of New Yoik, for the
struction of a building in Bryant Park for the New
uses and purposes of the Department of Docks
York Public Library, Astor, Lenox, and Tilden Founand Ferries. Principal payable Nov. 1, 1929.
AND
dations.
of the City of New York, for
School-houses and Sites therefor in the Boroughs
1,700,000.00 Corporate Stock
of
1,
1,800,000.00 Corporate Stock
500,000.00
of the City of New York, for
School-houses and Sites therefor in the Borough
of Richmond. Principal payable Nov. 1, 1929.
350,000.00 Corporate Stock
New
1,
1
of the City of New York, for the
Erection and Equipment of Additions to the present
Building of the American Museum of Natural History
(chapter 213, Laws 1897). Principal payable Nov. 1,
150,000.00 Corporate Stock
Coriiorate Stock of the City of New York, for
School-houses and Sites therefor in the Borough
of Queens. Principal payable Nov. 1, 1929.
100,000.00 Corporate Stock
of the City of New York, for the
Principal payable Nov.
1929.
of the City of New York, for New
buildings, etc., for the Department of Correction.
Principal payable Nov. 1, 1929.
650,000.00 Corporate Stock
1
East River Bridge.
00,000.00 Corporate Stock of the City of New York, for the Construction and Improvement of Parkways. Principal
payable Nov.
1929.
of the City of New York, for Constructing a Bridge over the Harlem River, from
One Hundred and Forty-flfth Street to One Hundred and Forty-Ninth Street. Principal payable
Nov. 1, 1929.
,000,000.00 Corporate Stock
375,000.00 Corporate Stock
of the City of
1
1,
1929.
of the City of New York, for the Extension of Riverside Drive to the Boulevard Lafayette.
Principal payable Nov. 1, 1929.
00,000.00 Corporate Stock
of the City of New York, for the Pirrchase of New Stock or Plant for the Department of
Street Cleaning. Principal payabJe Nov. 1, 1929.
300,000.00 Corporate Stock
New York, for Con-
structing, Furnishing, and Equipping a Courthoute for the Appellate Division of the Supreme
Court in the First Department. Principal payable
Nov. 1, 1929.
1929.
of the City of New York, for the
Erection and Equipment of an Addition to the present
Building of the American Museum of Natural History
(chapter 175. Laws 189G). Principal payable Nov. 1,
1929.
1929.
of the City of New York, for
School-houses and Sites therefor in the Borough
of Brooklyn. Principal payable Nov. 1, 1929.
1,
150,000.00 Corporate Stock
Manhattan and The Bronx. Principal payable
Nov.
Principal payable Nov.
of the City of New YorL", for the
Principal payable Oct. 1, 1918.
350,000.00 Corporate Stock
Aqueduct.
The above-described stock is free and exempt Ironi all taxation in the State of
for State purposes, pursuant to the provisions of section 169 of chapter 378 of the Laws of 1897.
Xenr York,
New
except
THE PRINCIPAL OF AND INTEREST ON SAID STOCK ARE PAYABLE IN GOLD COIN OF THE UNITED
STATES OF,AMERICA, OF THE PRESENT STANDARD OF WEIGHT AND FINENESS, PURSUANT TO A RESO
LUTION OF THE COMMISSIONERS OF THE SINKING FUND, ADOPTED JUNE 9, 1898
CONDITIONS OF SALE.
No proposal for stock shall be accepted for less than the par value of the same.
Proposals containing conditions ottaer than those herein set forth
considered.
ivill
not be received or
^Tery bidder, as a condition precedent to the reception or consideration of his proposal, shall deposit with the
Comptroller in money, or by a certified check drawn to the order of said Comptroller upon one of the State or
PER CENT of the par value of the stock bid for in said proposal.
National Banks of the said city,
No proposal will be received or considered which is not accompanied by such deposit.
All such deposits shall be returned by the Comptroller to the persons making the same within three days after
tne decision has been rendered as to who is or are the highest bidder or bidders, except the deposit made by the
hi.ghest bidder or bidders.
If said highest bidder or bidders shall refuse or neglect, within five days after service of written notice of the
a'vard to him or them, to pay to the City Chamberlain the amount of the stock awarded to him or them at its par
value, together with the premium thereon, less the amount deposited by him or them, the amount or amounts of
deposit thus made shall be forfeited to and retained by said city as iiiuidated damages for such neglect or refusal,
and shall thereafter be paid into the Sinking Fund of The City of New York for the Redemption of the City Debt.
Upon the payment into the City Treasury of the amounts due by the persons whose bids are accepted, respectively, certificates thereof shall be issued to them as authorized by law.
The proposals, together with the security deposits, should be inclosed in a sealed envelope,
indorsed " Proposals for Bonds of the Corporation of the City of ZVe^v York," and then inclosed
TWO
in
a sealed envelope, addressed to the Comptroller of The
For fuller information see CITY REuORD.
Copies to be procured
BIRD
Cit)'
of
New
York.
at No. 2 City Hall.
COLER,
S.
THE CITY OF NEW YORK,
DEPARTMENT OF FINANCE, COMPTROLLER'S OFFICE,
JUNE
li
12, 1899,
Comptroller.
@FedFRASER