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pnanrml
mmx0
Supplement
Quolation
Street Kailwdy Supplement
(Monthly)
Investors Supplement (Quarteriy)
State and City
(semiAimuajiy}
Supplement (semiAnnuaJi^
[Entered aooording to Act of Contrress, la the year 1899, by the William B. Dana. Oompant, In the ofDoe of the Librarian of Congress.]
VOL
SATURDAY JULY
69
NO.
15, 1899.
Week ending July
Olearinii$
at—
1899.
1898
1899.
P. Oent.
PUBLISHED WEEKLY.
Terms of Subscription— Payable In Adrance
New York
:
Philadelphia.....
$10 00
For One Year
6 00
For Six Months
12 00
European Subscription (including postage)
7 00
European Subscription Six Months (Including postage)....
£2 lOa.
Annual Subscription in London (including postage)
Six Mos.
do.
do.
£1
do.
lOs.
Above subscription includes—
1
$4 20 Three Months
Transient matter
Six Months
standing business cards.
22 00
(13 times).. $29 00
(26 " ).. 50 00
Twelve Months (52 " ).. 87 00
London Agents:
Messrs.
Edwards &
Smith, 1 Drapers' Gardens, E. C, will take suband supply single copies of the paper
DANA OOITIPANT, Pabllsbers,
Pine Street, Corner of Pearl Street,
Post Office Box 958.
yKJW YORK.
iriLLIAin B.
The following
table,
telegraph, etc., indicates
of all the clearing houses
that the total bank clearings
of the United States for the week ending to-day, July 15,
have been $1,821,751,110, against $1,668,645,671 last week and
$1,213,819,041 the corresponding week of last year.
Weeh eindino July
BttAimt bv Telegraph.
1899.
Wrw York
Boston
,
PtilUdelphia..
Baltimore......
Ohlcago
lioals
t,
New
Orleans.
Seven cities, 6 days
Other
cltlea,
Total
AU
all oltles, 6 days...
cities, 1
Total
The
6 days
day
all oltiea for
week.
. I
15.
1898.
$988,768,294
118,044,494
76,902,485
18,761,915
102,861,614
28,220,578
5,234,482
$591,587,778
79,889,403
57,037,882
13,858.973
82,323,621
24,079,049
6,482,147
Per Cent.
+88
8
+48-1
-+34-7
+ 36-4
1854.083,763
145,407,922
+686
+149
$1,503,803,249
317,947,861
•999,491,675
214,327,866
"+'50-1
SI, 821, 751.110
$1,213,819,041
-^60-l
an
and forty-nine
millions.
1898 the total for the
increase
of 58-5
per cent.
of
+48-3
CJontrasted with the
whole oountry shows
Compared with the
week of 1897 the current returns reoord a gain of 83-9
per cent, and the excess over 1896 is 56'0 per cent.
Outside of New York the increase over 1898 is 47*4 per cent.
The excess over 1897 reaohes 60*8 per oent, and making
o<Maparia(m with 1896 the gain
Is
Worcester
Portland
Fall River
Lowell
Bedford....
Total New Bng,.
Chicago
Milwaukee
Columbus
Indianapolis
Peoria
Toungstown
Springfleld,Ill
Lexington
Akron
Kalamazoo
Saginaw
Rockford
Sprlngfleld, Ohio...
Canton
Tot. Mid. West'n
San Francisco
Salt Lake City
seen to be 41*3 per oent.
716 867,201
90 226,125
1,096,100
3,207 812
1,583,991
1.671,736
1.339, lOS
1.238,7fc7
692,910
597,824
801819
88,132,195
12,398.960
6,»'3 ,»38
7,098,171
4.137.653
3.6;0.90C
2,297.928
1.298.077
Seattle
1,175,000
1,804.143
1.948,H5«
Spokane
1.2;il,8u2
Portland
1.582.190
1,123,199
611,916
803,731
388,700
101,88t,8l7
179,060,988
15.500.78
3,367,137
Los Angeles
1,966, ) 95
121,221.121
7.761,bOa
9,291,011
5,271,137
5,000,000
3.501,184
3,02?,045
2,107,121
1,015.501
988,653
821,545
320.000
115,013
103.300
3e 7,900
361 101
261,la3
2«6.251
315.710
209,493
Cleveland
58,8318.769
166,639,216
U,1U0.900
Cincinnati
Detroit
+66-2
+100-0
+31-2
+58-0
+36-3
+S52
+23-6
+11J
-t-51-4
— b-1
1.6(8,481
1,157,21a
1.267.002
+28-3
t8-6
—6-9
+63-7
+58-8
+105
1.3l(-.019
+ 22-.)
+21-4
+31-0
+14-7
+15-1
673,614
693.726
+17-8
305.786
289,00.
+*j^"?
255.01,0
260.091
252,368
198 496
184,325
10».022
Joseph
Des Moines
Davenport
St.
Sioux City
Topeka
W^ichlta
Fremont
Hastings
Tot. other West..
St. Louis
New Orleans
Louisville
Galveston
,
Houston
Savannah
Richmond
Memphis
Atlanta.
NashvlUe
Fort
,
Worth
Birmingham
Macon
Little Rock
,
Chattanooga
JackaonvUIe
Total Southern...
Total all
Outside N. Vork.
Montreal
Toronto
Winnipeg..
Halifax
Hamilton..
St.
John.
Victoria*
VanoouTor*
Total Canada
•
9.171,580
5,011,542
5,587.416
2,727,895
2.667,611
2,483.231
141 818
22.i 200
234,919
111,066,605
10.776.718
1.610.965
1.048,271
1,170,696
661,057
B65.806
487.731
400.100
166.H21
67,802
138 324,719
11.747.983
l,130,5tl
16.836,950
17.911,135
7,656,195
5,115.802
1,119,208
2,809.671
1,817,003
l,10l,0J2
760.602
9,012,610
8,021,836
1,698,698
6,827 650
2,166.770
1,107,832
1,024,969
+21*1
+103-8
r7o-a
+9 5
+8"6
^^n
-80
+41-1
+13-1
+15-8
211,100
229.118
200.119
1,3«2,110
1,173 217
600,000
181,318
rtn2.000
513,966
239.224
79.868
+48-tt
+22
5
652,1195
819,-211
+22-4
+12-8
+19-6
+67-0
+16-3
+26-7
+11-2
+31-7
+11-5
-2-8
+30-6
+56-7
168,718
111,112
317.751
69,326
103.925
450,708
485,801
306,676
59,826
70.722
25.671.708
88 936,967
20,113,621
6.191,231
4,967.262
1,617,850
2.171.884
1.129,593
3.259,331
1,293,039
1.168,178
1.251.971
851.170
607.911
387,137
536,182
409,718
461,000
283,79b
260.451
185.297
62,155,956
6,868,388
5,607,984
1 61H,150
1,636,168
1,568,660
3.086,774
2.278,669
1,403,313
1.190.719
825,383
357.000
187,223
872.777
426,906
421,229
348.609
91,810
112.714
31,002,830
188,612
242.968
asS 689
21,276,793
1,857.226
5,814,612
2 418,660
308 639
663,764
53s,1 56
110.885,321
88.863.980
12 658.100
6.516,083
7,049.532
5,401 515
3,821,700
2.411.622
1.814 657
l,4Bl 145
783,726
699,026
913.368
28,988,579
6,394.339
6.691,413
2 393.800
2 028,761
2.029.393
3,300.000
1.535,390
1,115,1 03
890,190
728,623
907,317
741,677
161,000
892,163
1.448,221
1.709,080
1,554 0«2
61l,8sl
92C,91(-
38.963,813
1.10O.»149
l.lil2.227
Norfolk
Augusta
KnoxYlUe
10.168,637
9,182,898
693,618
761.118
843,100
_
723,018 056
92,983,781
5,177,400
3,460.750
2.039,921
iM 5,000
+46-3
+32-9
+14-1
99.305
19,120,355
' ,795.0.S6
1.160.25'*
239,73J
207.369
1S7.89:
165,052
1
+36 6
116.735
4 243,083
2.210.080
+87
—0-1
+49-1
+l^A
+64-2
+110
+360
723,471
16,290,-<26
288 746
11,881.891
1,636.1X9
1,667.151
1,327,020
966 831
615.209.617
64.108,207
16.193,504
+101
131,111.251
25,806.771
2,902,930
2,876,877
1.359,089
1,127,309
781.400
475.310
418.077
118,153
130.000
lu9.7d6.bao
-r56-2
+1-4
3.985.t<ll
751,602
611,784
3rtH,775
+17-3
212.03-,
Paul
86
830,028
814.826
6i7.2l0
221.179
360,000
312.591
5.SO.t00
Denver
1,279. L
1.130,811
+271
+38-2
+52-4
187,111
St.
91.780,593
4,938,700
2,735,590
73.758.782
11,337,900
6,335,082
5.6C6.246
3.756 915
3.613,600
2,i5z,aoo
l,099.2u6
+13-7
+32.9
+ 30-9
245.5U
5139.779
t
608.263,618
60,881,933
15,181,722
13,173.276
3.766,806
2,0I3,8S8
1.381,560
90I,i04
«38,t83
887.382
332,300
+:-l-4
506.8B1
Minneapolis
1896
-1-26-0
Heleri
Fargo
Kansas City
1897
597,>3b6 7ol
58.. 838
...
b.
+^•1
+6-0
+67-1
+61-1
-12"s
--181
Tacoma
Omaha
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, July 8, 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 aggregate
exchanges of one hundred and thirty-one
million dollars, the loss
at
New York being one
week
Sprlngfleld
Sioux Falls
Total Pacific.
$1,336,783,762
167,019,187
16.671.171
11.S72.5S7
3.673.917
118,382,579
5,851.700
3,733,780
1.979.960
1.508.117
1,800,211
1,561.791
613,197
666,217
183,082
New Haven
+24-9
+17-2
-1-5
full details of clearings for
htmdred
Wilmington
Evansville
made up by
CLXABINGS.
Rochester
Syracuse
Scranton
Toledo
Grand Rapids
Dayton
CLEARING HOUSE RETURNS.
21,875,467
23,702,729
2,0li.iOb
1,056.119
1,218,987
995.103
807,147
412.200
1.198.251,295
New
aorlptlona and advertisements,
Is. each.
617.814.853
5.C08,<J44
Buffalo
Washington
Total Middle..
Boston
Providence
Hartford
I
(8 times)..
Baltimore
Bingham ton
Stbbet Railway Supplement
The Quotation supplement
State and Oitt Supplement
The INVE8TOE8' Supplement
Terms of Adrertislng—(Per Inch Space.)
Two Months
Pittsburg
1,026 914,953
113.«87,8tl
1777.
1.6!?3,782
1,303,506
2,911,611
1,173,196
1,056.154
1,021,102
890,563
113,822
398.199
781,555
342.614
380.000
260.307
277.836
191.188
+ 13-3
+1-2
+34-1
+87-1
+38-1
+113-3
+Si-9
+ 16-7
+118-7
+19-6
+66-8
+11-2
-1-3
279.997
264,752
813.640
60 »0j.723
1063.069,007
+181
1,668.816,671
"611,700,718
435.261 161
13,066,003
13.372,769
1.914,176
2.037,077
054,960
ei&.«31
6(0.768
731.119
13.038.156
11.488,976
1.80».8e8
1.887.8Se
+ 47-1
+ 0-3
+16'9
681,480
-8*6
890.006
11,348,107
7,858.189
1.146.684
1. 606.886
789.618
700.006
31.9M.609
S».A»1.«81
+8-4
88.OS0.816
82,0oa,0S7
60,003.658
ITol Inelnded in totali.
9SftSM
+58-5
+18 9
+^2"^
+80
51.091,039
46,340.819
907.338.039 1.06 9,669.860
399,074.391 ~151.469.643
18,589.469
9.418 779
1 877.301
2.089.6P6
708. 87t
THE CHKOJVJCLE
100
this
THE FINANCIAL SITUATION.
The week
the monej market more
or
This was due to material changes reported in last Saturday's bank statement. A loss of
$5,638,500 in specie, a reduction of $4,310,800 in
legal tenders and of
19,212,075 in the surplus
less prevalent.
reserve,
475
bringing
(the
lowest
that
item
down
not
only
of
to
the
week issued the trade stat^ment for June. Accord-
June were $96,824,145, against $94,978,723 in June
1898 and $73,193,034 in June 1897. The whole trade
month, that is including merchandise, gold
and silver, shows the very large favorable balance of
We shall review thrse figures and the
$54,866,462.
for the
returns for the year next week.
$5,062,-
year
but
We now
which
State hostility to the various forms of combined
capital deprives any commonwealth engaged in such
work of the benefits and use of all capital that is not
Most of the
so fixed that it cannot be transferred.
and then get a glimpse
changes calculated to make those who have to borrow much
money cautious in putting out new engagements.
That extreme feeling was, however, of brief duration.
By Tuesday the sentiment had begun to change. A harm such hostility does
since
September
17
LXIX.
ing to that record the total exports of merchandise in
opened on Wall Street with a feeling of
solicitude in respect to
[Vol.
1898), were
it
is
of the
way
in
impossible definitely to
further consideration of the facts had made it evi- trace, for its action and movement are hidden. We
dent that there were good reasons for expecting con- know theoretically that floating capital is mobile and
siderable derangement as a result of the July settle- quickly deserts the locality where its burdens are un-
ments and of the July holidays. Besidts, the bank
return
previous week (that published
of
the
Gold
July 1) was made on falling averages.
Government receipts over
exports, an excess of
disbursements, and a movement of money to the
New England States and other near-by sections, all
operated to decrease the banks" cash which the return
Add also
of July 1 only in part disclosed.
to the fore-
going a further considerable loss by our Clearing
House institutions to the Sub-Treasury in the week
ending July 8, and the withdrawals over the counter
by tne public on Friday, Saturday and Monday (June
30, July 1 and July 3) for the July holidays (a movement over the counter which at that period is always
much above the average), and likewise the circumscance that the matter of disbursements for dividends
and interest, was materially interfered with by the
prolonged holidays add these special features, and
the bank statement of Saturday (July 8) is no longer
an enigma, but becomes intelligible.
With reference to the future not only the foregoing
facts but the developments of the current week indiNo doubt the bank statement of July 8
cate relief.
was made on rising averages; the money spent during
the July holidays has now, we may presume, in considerable part been returned to the banks through
the natural channels; the Sub-Treasury has, to be sure,
again disbursed less money than it has taken in, but
the dividends and interest payments have all been
completed, and will have this week in good part
gotten back to the banks and will appear in their
statement to-day besides, the interior currency current, under the influence of higher rates for money,
Two
has now set again towards this center.
this
current
reversed
was
since
then it
weeks ago
has assumed small proportions now the movement
A fact of importance on that
freer again.
ia
point is that all the reports agree in siiowing
un abundance of money at other monetary centers,
liuleod, the statements received of bank deposits in
various States, both national and State institutions,
—
;
;
;
show
very
large
increases
over previous returns.
duly increased for one where they are lighter. But
generally we can only gain evidences of its flight
and where
time
through long
reaches
of
movement ia
capital is more or less fixed, the
The harm, though,
still more difficult to follow.
;
kind to the material interests of the State is unquestionable.
A development
which an article in the Chicaso ''Inter Ocean" calls
attention to is a case in point.
It is, too, a matter
We rein which mainly fixed capital was involved.
Company
fer to the withdrawal of the Standard Oil
from Ohio. The cause of this move, says the paper
referred to, "is the series of onslaughts made on the
corporation by the Attorney- General of the State."
Having become tired of being treated as a public enemy it is simply leaving the commonwealth.
done in
all affairs of this
What
does this
Inter Ocean'' says
move
it
involve
The ''Chicago
?
involves a great deal
more than
means that
the transfer of the corporate domicile. It
Cleveland, the company's headquarters, will lose a
large office force
and the use
of
immense
deposits of
money. It will lose the great manufacturing plants,
which are to be abandoned. "The refinery at Cleveland, the parent establishment, and the second largIts
est of its kind in the world, is to be left idle.
operated,
is
the
largest
ever
factory,
one
cooperage
already closed." "Thousands of workingmen in Cleveland alone have for years been employed at good
wages in the plants of the Standard Oil Company.
All of
them
will
now
suffer."
much
to say that the Standard Oil Company iB to
Cleveland what the Union Stock Yards are to Chicago. Each concern
is the head centre of one of the greatest industries of the times. There
It is hardly too
a great deal of refining in other cities than Clexeland, as there is a
great deal of packing outside of Chicago, but Cleveland Is largely indebted to the manufacture of kerosene from petroleum for its extraordinary prosperity. It owes rnore to John Rockefeller than to any
is
oth'-r
dozen
When
citizens.
thtt oil fields
of
Northern Pennsylvania were
filling
AmericanJ
with a brilliant and cheap, but disagreeable and dangerouf/
artiflcial light, Mr. Rockefeller, then a poor man on a f^mall salary!
conceived the idea if a great central company to hand: e the ptodaol
*
The general pubj
and improve the methods of manufacture. *
Quality has been
lie has iio reason to complain, and never has bad.
Improved TO the point as near absolute perlection as it Is possible tfl
attain and prices have been reduced and kept so low as to occasion no
complaint.
lionies
'
We have sufficient combativeness in our make-up"
Some claim that the monetary situation in Europe
may be a disturbing feature by stimulating gold ex- always to feel a high degree of satisfaction when W6
That is ([uite possible with our currency come across a man who is being kicked and find that
ports.
now is. And yet with our merchandise he has strength and courage enough not only to kick
it
as
exports at the high figure they continue to rule, it back but to kick back two for one. The time will
would sfeem as if Europe must be in our debt and that come when the persecutor of individuals and comGreat Britain and the Continent would have to pay a panies, because they or those who do the managing
higher premium than now oii'ered before it can get have a few more ounces of brain than the average
any more of oiu* gold. The Bureau of Statistics has man and because they have thereby grown rich, will be
.
July
THE CHRONICLE.
15, 1899.J
pronounced a public enemy.
injured
the
they have
they have by combining
If
punish that.
public— punish that. But
wrong,
capital
have done
they
If
if
cheapened values of commodities so
as
to
bring their products within the reach of the poor
man as well as of the rich, it cannot be Just or good
policy to treat
have
they
them
Furthermore,
like criminals.
if
perseverance, diligence, thrift
through
and intelligence gained wealth while thus serving the
public— shall we be jealous of that ? Is not that commendable too ?
All the trade records
of
ity
industrial
still testify
interests
all
to the great activ-
telegraphic reports of bank clearings point to an increase in the clearings for this week as compared the
being 58"5 per cent.
The earnings
For
cent.
more
last
striking,
of our transporta-
keep expanding in a most assuring
way. The ratios of gams in earnings have latterly
been so large it hardly seemed probable the same rate
of growth could be continued.
Yet as the weeks roll
along it is becoming more and more evident that
On
there is nothing ephemeral in this growth.
another page to-day we present our preliminary comtion lines also
pilation of the returns
gross earnings for the
of
first
week of July.
It shows almost 16 per cent improvement over the same week last year. We also
print to-day our statement for the month of June, recording 14 per cent gain. How much heavier these
ratios are than those earlier
in
the
year will
be
evident
when we
say
ending
June 30
increase, according
to our
given in a subsequent article,
months
Yet
that
the
for
the
percentage
elaborate
is
six
of
tabulations
only 6 "21 per
this 6*21 per cent increase represents
pig iron
of
On the basis of
now producing
tons a year.
week the country
a
is
year.
further additions.
263,363 tons per
13f million tons
The indications point to yet
At the same time stocks are still
being heavily reduced, and for July 1 are reported
only 169,335 tons, against 233,235 tons June 1, 284,127
The "Age"
tons May 1 and 462,904 tons February 1.
somewhat misleading,
since they cover only the metal on hand at the furnaces running for the open market, representing
about one quarter of the output. Making due allowance for this, however, the stocks must be regarded
points out that these totals are
low ebb,
as at a very
it
says.
Our
over the land.
same period last year of about 50 per
week the ratio of gain was even
lion
101
cent.
an addition
to the groes earnings of United States railroads for
the six months of 35 to 40 million dollars, following
70 million dollars increase in the same six months of
While the grain carrying roads are for the mo1898.
ment particularly distinguished lor large increases
the Milwaukee & St. Paul reporting for the first week
of July over 33 per cent gain
the improvement is
Added
this
to all this
we have
a c op situation
date certainly contains
many
which
features
of
at
en-
couragement. The Agricultural Bureau report for
July was made public on Monday. It met expectations, being more nearly in accord with private indications than is usually the case.
A further decline in
the average condition of winter wheat had not been
looked for, but as the decline is small and a shortage
in that crop had been established anyway, this feature
does not call for comment. The Bureau makes the
average July 1 65' 6, against 67'3 June 1 and 85*7 a
On the other hand, the spring- wheat outyear ago.
look is reported highly gratifying. The condition is put 91*7, against 91*4 a month ago and
95
on July 1 last year. The corn crop is perhaps the most important one of all, and while the
average, at 86*5, is four points lower than at the same
date in 1898, it yet indicates no very serious impairment, and besides there has been an enlargement of
5 per cent in the area devoted to corn. If the present
promised is maintained, therefore, the outlook, by
reason of this increase in acreage, is for a larger crop
than that of 1898, which was of good though not of
exceptional dimensions. The oats crop is another one
where the prospect is satisfactory, the condition
being stated 90, which compares with 92*8 in July
1898.
It only remains to add that since the 1st of
July the weather generally has been very favorable
for all the crops.
—
general, and finds its
main explanation in the general
activity of trade of which the expansion in bank
clearings referred to above is a prominent expression.
The Louisville & Nashville, for instance, which is
entirely outside the Western grain sections, records
ior the first week a percentage of increase which is
fully up to the average, the gain being 168,370, or
17*45 per cent.
Most wonderful
of all
is
the buoyancy and expan-
sion of the iron industry, which lies
tion of nearly all other industries.
at
the founda-
The "Iron
Age""
week its usual monthly pig iron statistics,
bringing the record down to the first of July. It
tells the same stoiy as all the preceding returns, only
in a much more emphatic way.
As against 220 furnaces in blast June 1 the number July 1 had increased to 237, raising the product from 254,062 tons
per week to 263,363 tons.
This addition of 9,301
tons per week may not seem large to the casual
observer, but it is at the rate of roughly half
a million tons a year.
Moreover, since the 1st
of March the
increase in
weekly product has
been from 228,195 tons to 263,363 tons, and
this is an addition at the rate of nearly two milgives this
The
improvement in railroad earnings
the new and enlarged distributions being
fruits of the
are seen in
made to the shareholders of
The Louisville & Nashville
the various companies.
furnishes the latest evi-
dence of the truth of the statement.
After a sus-
pension of dividends since 1893 the company last
February re-entered the ranks with a semi-annual
payment of 1^ per cent. The present week the management have announced another semi annual pay-
ment
eitra.
of
per cent and
1^
also
|^
of 1
per
cent
The company's preliminary income statement
demonstrates that these dividends are
fully warranted.
Indeed, after allowing for the 3^
for the year
per cent to come out of the year's earnings, a surplus
of $709,678 is shown to remain, equal to nearly 1|
The management
per cent more.
of the Louisville
&
Dividends might
Nashville is very conservative.
have been begun some time ago, only it was thought
better to put the
money into the property to strengthen
Now that diviphysical and financial condition.
of their
likelihood
dends have been resumed, the
its
continuance
is
correspondingly enhanced.
Last week's bank return showed a sain of $6,968,-'
900 in loans making a new high record of $793,-*
—
THE CHRONICLK
102
852,900— a
[YOL. LXIX.
reduction of creditor $1,500,000 at the Clearing House. On Fri14,310,800 in legal tenders, a decrease of $2,948,900 in day the range was from 6 per cent to 3^ per cent,
deposits and a reduction of $9,212,075 in surpius re- with the bulk of the business at 4| per cent.
The
serve, leaving this item $5,062,475, the lowest since banks and trust companies early in the week quoted
September 17 1898, when it was $4,240,400. The de- 6 per cent as the minimum and later in the week
tailed statement of the banks showed that $5,464,600 some of these institutions marked down their loans
.of the $6,968,900 expansion in loans and $5,554,400 to 5 per cent.
Time contracts have been more firmly
of the $5,638,500 loss in specie were reported by a held this week, but the demand has not been large.
single bank, and therefore probably due to excep- Some loans have been made at 3f per cent for six
loss of $5,638,500 in specie, a
and a transaction is noted
at 3| per cent for four months on first-class dividend
stocks.
Quotations on good mixed collateral are 3^
per cent for sixty to ninety days and 4@4|- per cent
The commercial paper marfor four to six months.
amounting now to $47,929,500. Among the notable ket is quiet. Banks generally appear to have susincreases in loans in this interval of six weeks are, in pended their purchases of paper, for the present at
round figures, $14,600,000 by the City; $4,000,000 by least, and there is some accumulation of names. Kates
the Hanover; $4,500,000 by the Western; $2,400,000 are 3|@4 per cent for sixty to ninety day endorsed
by the Fourth National; $3,000,000 by the Chase; bills receivable, 3|@4i per cent for prime and 4^@54
$2,000,000 by the First National, and $1,500,000 per cent for good four to six months' single names.
by the Park.
These seven banks have expanded
The European political situation is undisturbed,
In this interval since
their loans by $32,600,000.
May 27 the most notable changes in the specie hold- but affairs in the Transvaal are causing some anxings of these banks have been a loss of $34,000,000 by iety, which is to a considerable extent reflected
the City, $3,900,000 by the Park and $1,200,000 by if not directly in the markets at least in finantwo others. The gains have been $6,100,000 by the cial circles. The event of the week was the advance
Chase, $2,800,000 by the Hanover and |;200,00d by in the Bank of England minimum rate of discount to
the Fourth National; a total of $9,100,000, making a 3| per cent^from 3 per cent, at which it had stood
This movement was to some
net loss of $30,000,000. The net losses of legal tenders since February 2.
by these banks have been $1,580,000, making, with extent foreshadowed by the somewhat abrupt hardenthe net loss of $30,000,000 specie as above, a net ing of the open market discount rate, noted last week,
tional causes.
was
noted that the decrease of
$4,310,800 in legal tenders was well distributed
among nearly all the banks in the Association.
We have recently called attention to the remarkable
expansion of bank loans since the last week in May,
It
also
months on bond
collateral,
cash of $31,580,000, while ail the due, it is reported, to the operations of the Bank upon
banks in the Association show a loss of $35,- the market with a view to its more complete control.
The noteworthy feature of the The result of these operations by the Bank was shown
752,800 in cash.
foregoing exhibit is that the expansion of loans on Thursday when the open market rate fully reduring the six weeks has been chiefly confined to sponded to the advance in the Bank minimum.
seven banks, which, while increasing their loan lines The cable reports discounts of sixty to ninety day
decrease
in
by $32,600,000, or within $15,400,000 of the increase bank bills in London 3^@3f per cent, against 3 per
by the Associated banks as a whole, have sustained a cent on Wednesday and 2f per cent on Monday. The
net loss of $31,580,000 in cash, or within $4,172,800 open market rate at Paris is 2f per cent and at Berlin
According to our
of the total decrease of cash reported by all the banks and Frankfort it is 3f per cent.
from
London
the Bank of England lost
special cable
in the Association.
during
the
bullion
week and held £32,220,066
£96,613
One of the largest banks was a comparatively heavy at the close of the week. Our correspondent further
creditor at the Clearing House early in the week to advises us that the loss was due to the export of £30,the aggregate amount of about $9,000,000, probably 000 to Brazil, to shipments of £487,000 net to the
indicating that this institution was calling loans. interior of Great Britain and to the import of £420,Other large banks reported quite liberal offerings of 000, of which £410,000 were bought in the open marmoney by Boston and by Chicago banks, such offer- ket and £10,000 imported from Australia.
ings being induced by the comparatively high rates
The foreign exchange market was easier early in
Money on call, repreruling on call in this market.
senting bankers' balances, has loaned at 7 per cent the week, influenced by the comparatively high rates
and at 3 per cent at the Stock Exchange during the ruling for money, but on Thursday this influence was
week, averaging about 5 per cent. On Monday the counteracted by the advance in discount rates in
range was from 7 per cent to 5 per cent, with the London, and while long sterling was easier short
Busibulk of the business at 5^ per cent, and the market sterlicg and cable transfers were higher.
to
be
restricted
seems
by the changed
waB then directly influenced by last week's unfavor- ness
the
London
of
discount
condition
market, and the
On Tuesday loans were made
able bank statement.
appears to be confined to daily requireat 6 per cent and at 3 per cent, with the majority at demand
The supply of bills is reported not abun5 per cent; among the influences producing the ments.
slightly easier tone was the large credit balance of dant, and though commercial drafts against grain
15,000,000 at the Clearing House shown by one of and provisions continue to be offered in moderate
the Wall Street banks. On Wednesday the range was amounts, they still command full prices. There were
from 5 per cent to 4 per cent, with the bulk of some rumors on Thursday of impending shipments of
the business at 5 per cent. On that day the bank gold. Gold received at the Custom House during the
above
referred to was
creditor
$2,200,000 at the
week aggregated only $100,272.
The range for nominal rates for exchange was from
Clearing House. On Thursday loans were made at 5
per cent and at 3i per cent, the majority being at 4^ 4 85i to 4 86 for sixty day and from 4 88 to 4 88^ for
per cent, and then the bank above mentioned was sight until Thursday, when there was a reduction in
.
July
THE CHRONICLE
15, 1899.]
the long rate, and the range thereafter was from 4 85
to 485^ for sixty day, the range for sight remaining as
103
A GOLD CURRENCY FOR INDIA.
We
have good evidence this week that the India
currency problem has at length been relieved of uncertainty and put in the way of final adjustment.
The diplomacy of Lord Salisbury's administration the
time encouraged a
4 87i for the latter, while cables were unchanged at latter half of 1897, which for a
bimetallic
4 87f@4 88. The market was dull and easy, influ- belief on the part of Senator Wolcott's
again be
enced by dear money. On Tuesday the tone was ir- committee that the mints of India might
doubt in
regular, and rates for actual business in long sterling opened to the free coinage of silver, was no
movement.
further declined one- quarter of a cent, to 4 84^® large part what hastened the present
Calcutta
4 8^, while those for short and for cables remained The gold currency scheme received from
unchanged. On Wednesday the market was quiet about the same time afforded likewise a suggestion of
and there was an indisposition to transact business in the need for a well-matured plan of procedure. But
illustraview of the expected change in the Bank of England the more pressing influence was the practical
minimum. On Thursday, on the announcement of tion which Senator Wolcott's negotiations gave of the
the advance in the official discount of the Bank, rates exposure to disturbance as affairs stood of India's
stability, and through India of Great
for actual business were reduced one-quarter of a currency
Rates for actual business opened on Monday
at a decline of one-quarter of a cent for long and
short, compared with those at the close on Friday of
last week, to 4 84i@4 84| for the former and 4 87®
before.
and they were advanced Britain's as well. The character of the proposals and
the Government's quasi engagements were only fully
i of a cent for short, io 4 87i@4 87^, and to 4 88@
4 88^ for cables. The market was irregular on Fri- made public in November of that year; when known,
The following shows daily posted rates for ex- they so deeply impressed financial circles in London
day.
as to stimulate effort towards removing every such
change by some of the leading drawers.
cent for long, to 4
84@4
84^,
possibility of uncertainty.
DAILT POSTED KATES FOB FOREIGN EXCHANOB.
MON..
FBI..
July
July
7.
(aodars. 486
10.
TDia.. W«D.. THtTB., FBI.,
July 11. July 12. July 13. July 14.
86H
88H
86»
85
85
t8>»
4 86)4
86
86
86
88«
f5«
Co.. (Sight....
I 60 days.
i^ak British
*68«
88^
8a«
t8Ji
486
8»%
86«
68«
85H
f8«
No. Amerloa.. i Bight....
(60 days.
dank of
4!-8
88
?l«
ll«
86M
86
Montreal
Oanadlan Bank
4 6fcX
86
e8
86
fc8
86
88
86
88
•rown Bros
aarlng,
tsjght....
4S8X
o6 dars-
(
Magonn &
4
86H
160 days,
186
88
86
{sight....
4 88
*-8
Qeldelbaoh, lok- (60 days.
elbelmer k Co. J Sight....
(60 days.
LAsardFrerei... Sight,...
4 86
of
Sight....
J
Commerce..
}
Merchants' Bk.
of Canada
60 days.
5
(Sight...
85^
tm
e6H
11^
68
ii«
V^
86
88
88
85
88
68
88
il«
F8
4 86
4 88
The market was
88
85«
i^
488
8m
F5H
>=5X
88
88
65
88
85
88
85
85
88
P6
89
t5
88
irregular on Friday, with
rates
84@4 84i for long, 4 87i@4 87^
Commercial
for short and 4 88@4 88^ for cables.
on banks 4 83i@4 83f and documents for payment
4 83i@4 84i. Cotton for payment 4 83@4 83i, cotton for acceptance 4 83^@4 83f and grain for payment
4 84i@4 84^.
for actual business 4
The following statement gives the week's movement
of money to and from the interior by the New York
banks.
W$$k Jindinf Julv
14.
Cirrenoy.
Gild
Total gold
N*t intsrior
Movement.
lUeeived by Shipped by
W. r. Bonks. S. T. Bank*.
1889.
and legal tenders...
Gain $2,815,000
C6,e3 1,000
911,000
$3.11(5.000
t6.843.000
t4,010,000|Qain $2,832,000
8»4.000 Qain.
17,000
.
With the Sub-Treasury operations and gold exports,
the result
as follows
is
Week Ending July
:
Out of
Bank*.
Into
14. 1809.
Bank*.
Banlu'lnterlor movement, aa above
Snh'Treasurr oneratlona. ..........
Total gold and legal tenders
The following
in the principal
Set Change in
Bank Holding*
(4.010,000 Gain $2,832,000
20.600,000 Loss. 2,000,000
$6,842,000
18,800,000
$25,442,000 $24,610,000 Gain
table indicates the
amount
832.000
of bullion
European banks.
be remembered that the House of Commons,
the 29th of March 1898, sanctioned the appointment
It will
committee of experts to make a careful investiOur Mangation of the India currency situation.
of a
chester correspondent,
13,
18B9
July
14,
1898.
Sliver.
£
ngland
france
Oarmany
Buila
Anft.-Hnng'y
Spain
Italy
Natherlands
RaLBelglnm
Totai.
Bold.
£
1
anver.
2ot*l.
a
38,820,066
32.220, 066 36 316 627
36 346 627
76,227,401 48,ae6,l51 124,493. 552 74,884, 585 49.158.871 124,34.3,4«6
26.482,000 13.641,000 40,1 ?3, 00(1 26,708, 009 13,768,000 40,466,000
96,650.000 5,431,000 lOl.CSl 000 111,358, 000 4,413,000 115,771.000
36,814 OOiJ 12,734.000 49,048, OOt' 34,882, 000 12.627,000 47,609.000
12,9(J0.00t' 13.160.000 26,420, 000
10.059, 000 4,777.000 14,833.0<A
15,107,000 2,002,000 17,109, 000 14.911, 000 1,832,000 18,813,000
9 280. 000
8,165,000 8.115.000
3,311. 000 6.941,000 10,282,000
2,993.000 1,499,000
4,497. ooc
2,968, 000 1,481 OOO
4,463,000
TokthU week SOI, 123,467 1C3118151
01,060J06 lOSSeSAOS
Hi
a bimetallist, writing
scope of
The
mittee
its
inquiry.
now
was made
cable
us that the report of this compublic the current week. It is imtells
—
portant therefore to recall the foregoing facts that
the committee appointed was a committee of experts,
it
was wholly unbiased, and had submitted to it
and solution the entire subject of
for investigation
Banket
eoid.
is
under date of July 13, after the committee had been
appointed and had entered on its work, stated that
Sir Henry Fowler, the predecessor of Lord George
Hamilton in the India Office, had been appointed
Chairman, and then added that "the other eleven
members were selected with a view to securing the
services of competent men as nearly as possible unconnected with the commercial and banking interests
of India and not committed to either monometallic or
bimetallic views." The committee was authorized lo
report upon the proposals of the India Government,
upon any other matters which it might consider relevant thereto, upon the monetary system then in force
and the effect of any proposed changes; also *^to submit any modifications of the proposals of the Indian
Government, or any suggestions of their own which
they may think advisable for the establishment of a
satisfactory system of currency in India, etc." Thereupon the question was raised whether under this
authority the reopening of the India mints to the
coinage of silver was excluded from the purview of
the committee, and in response Lord George Hamilton announced that the committee was quite at liberty
to include the resumption of silver coinage within the
that
July
who
404.271. .618 315,455,
»6,a»0.S71 410,846,08$
404.444. 004 Sll>,7St 8O0D&.17OM24 Aio.fMi nes
India's currency, including
the proposal to reopen
the mints of that country to silver. We may add that
ever since the appointment the committee has held
meetings from time to time. At these meetings it
has taken evidence of official and other authorities in
India and in
London, and likewise examined witnominated by the Manchester Chamber of
Commerce and other bodies. In brief, the whole
subject of a currency for India was submitted to this
nesses
THE CHRONICLE.
104
[Vol. LXIX.
and consideration, and to the outside world, just as we had in the late year.
it has completed its work with commendable thor- Unless future meteorological developments shall enoughness. There is, too, no uncertainty about the tirely change the prospect, there seems no likelihood
committee's conclusions. It concurs in the decision that we shall suffer a general crop disaster such as
of the Indian GoTcrnment not to revert to the silver we have experienced once or twice in the country's
body
of experts
standard;
it
for its study
finds that a gold standard
is
of extreme
importance to India's material interests, and it advises that immediate measures be taken to effectively
establish gold as the standard for that country.
These conclusions evidently remove every bit of
ground upon which the latest body of bimetallista
have sought to gain a footing for their theory and
effort.
Hereafter no doubt can exist in the mind of
any one as to the resumption of silver coinage in
India.
On the contrary, it must be assumed that the
course of events in India will from this time forth
show some decided progress towards a gold basis for
its currency, with the purpose of reaching that standard as speedily as practicable. Furthermore, inasmuch as the semi-promise by the French officials to
the Wolcott Committee to open France's mints to
silver was dependent upon India's similar action and
also upon Great Britain's "equivalent" action. Senator
Wolcott and every other honest bimetallist must
abandon all hope for aid from France in such an
undertaking.
The term " bimetallist," as applied in this country,
has varied greatly in meaning and in the number of
followers it embraced at different epochs in the course
of the silver depreciation.
Originally it included a
majority of our people; that was in the earlier years
of the decline in relative value, when, to be sure, the
product had begun to increase but had not progressed
far enough to wear an appearance of being limitless.
Subsequently, as the price of silver continued to fall
and the output of the metal continued largely to
In other words, to the shortage in the win-
history.
ter-wheat yield, now established beyond question,
there is not to be added a failure of the spring-wheat
crop and of the crops of the other leading cereals.
too early to venture definite predictions as to
the probable production of spring wheat, but the
It is
promise at this moment is for a large crop, even if
one not quite equal to that of 1898. Of course the
total wheat crop (winter and spring combined) will
be much smaller than that of last year, but on the
other hand, as partial offset, the left-over supplies from
the old crop will obviously be larger. As regards
corn and oats, too, the accounts all agree in saying
that barring possible harm later in the season the
outlook is for good, even though not exceptional,
crops.
Everything, therefore, hinges upon the
foreign demand, and here there have been no developments to suggest that Europe will not be able to
find use at fair prices for all that we may have to
spare.
In value the breadstuffs shipments for the twelve
months ending June 30 1899 fell fully sixty million
dollars below those for the twelve months preceding.
Nevertheless the year ranks among the very largest
on record. The explanation of this apparent anomaly
is
that in comparing with
1897-8
we
are
comparing
with a perfectly marvelous period, when the totals
were not only of unprecedented but of extraordinary
magnitude. In the late twelve months the value of
the breadstuff's exports was 273^ million dollars. This
may not seem
large alongside the 333|^ millions for
when we note
1896-7
the values were only 197^- millions, in
who believed in a re-establishment of the old condition that in
between the two metals rapidly lessened. Finally, 1895-6 no more than 141^ millions and in 1894-5 but
increase in spite of the decline, the
number
of those
Bland Law, which was passed for the purpose
of restoring the value of silver, had proved fruitless,
not even arresting the decline, and the 1890 law had
equally democstrated its impotence, the bimetallic
company was reduced to very small proportions.
At this juncture it was that Senator Wolcott's
party arose.
Strangely enough, too, as the diffiafter the
culties
of
the
situation
increased
the
1897-8, but its true dimensions appear
114f millions. As a matter of fact, there have been
only two other years, besides 1897-8, when the money
value of the breadstuffs exports was heavier than for
the year just closed.
years were 1879-80
and 1891-92, both very exceptional periods.
The
breadstuffs outflow has varied widely from time to
time, and from year to year, and the following gives
countries the record back to 1874.
deemed sufficient to re-establish the standing of silver
were reduced so as on this latest occasion to take in
as needful only France and India and the United
States Great Britain and Germany becoming subordinate adjuncts in an undefined way as purchasers
of the metal.
Now, however, that India is lost to
the cause, and with it Great Britain and France and
Germany, we presume Senator Wolcott will join the
sound money army, and all our Boston friends will
fall into line too; they may be sure of receiving a
hearty welcome.
VALUES OF EXPORTS.
Year
ended
Fiscal
—
BREADSTUFFS EXPORTS FOR THE
FISCAL
YEAR.
A
study of the country's breadstuffs exports for the
late fiscal year, the results for which have been made
public this week by Mr.
Bureau
of
Statistics
at
The two
P. Austin, the Chief of the
Washington, are instructive
not only for the light they throw upon the past but
also as a guide to the future.
For, according to
present indications, we shall have in the new or current fiscal year a large quantity of grain for disposal
June
1874
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
189*
1895
1896
1897
1898
1899*
*
Wheat.
Wheat
Flour.
30.
Total
Wheat &
ITot.Wheat
Corn.
Corn
I
4
Flour.
Flour.
$
$
$
101,421,459 29,258,094 130,679,553 24,769.951 155,449,504
59,607,863 23.712,440 83,320,303 24,456.937 107,777,240
68,382,899 24,433,470 92,816,369 33,266,280 126,081,649
47,135,562 21,663,947 68,799,509j 41,621,246 110,420,754
98,872,016 25,095,721 121,967,737| 48,030.358 169,998,095
2S,567,713 160,268,7921
190,546,305 35,333,197 225,879,5021
167.698 <185 45,047,257 212,745,742
112,129,718 36,375,055 149,304,7731
119,879.341 54,824,459 174,703,800'
1.30,701,079
Total all
Br'dstuffs.
161,198.864
111,468,265
131,181,555
117,806,476
181,777,841
40,655,120 200,923,912 210,855.528
53,298,247 279,177,749 288,036,835
50,702,669 263,448,411 270,332,519
28,845,830 178,150,603 182,670,528
27,766,082 202,459.882 208.040,850
76,026,678 51,139,690 126,168.374 27,648,044 153.814,418 162,544,715
72,933,097 52,146,336 125,079,4331 28,003,883 153,083,296 160,370.821
60,262,715 38,442,955 88,705,670 31,730,922 120,436,692 125,846,668
90,710,481 51,950,082 142,666,.^83 19,347,361 162,013,924
66,241,468 54,777.710 111,019,178 13,366,950 124,375,128
41,652,701 45,296,485 86,949,186 32,982,277 119,931,463
46,275,906 .57,036,168 102,312,074' 42,658,015 144,970,089
165,768,662
127,191,687
123,876,661
154,926,927
51.420,272 54,705,610 103,12.5,888 17,652,687 123,778,575 128,121,669
236,701.415 41.590,460 278,351,875 299,363,117
93,534,i»7(i 75,494.34'/ 169.029,317 24,587,511 193,616,828 800,312,654
59,407,041 69,271,770 12>J,678,8U' 30,211,154 158,889,965 166,777,229
161,399,13? 75,362.28
43,805,683 51,651.928 95,457,591!
39,709,868 52,025.217 91,735,085J
59,920,178 55.914,34 116,834,626
145.684.669 69,2 '3,718 214.948,37;
1
14,6.50,-;6; 110,108,358 114.604,780
37,836,862 129,571,947 141.356,993
61,087,152 169,921.6 ?7 197,857,219
74,196.860 289,116,227 333,897,119
104.300,000 73,100,000 n 7,400,000 69 000,000 2i6,OCO,000 87»,837,480
Figures for 1899 subject to slight oorreotions.
.
July
—
1
THE CHRONICLF.
15, 1899.]
105
want to know how the loss of tixty the record of the late year has never been equaled or
million dollars as compared with the extraordinary exceeded. The price obtained was four cents a bushe
From better than in 1897 8, but was still only 39| cents
total of the previous year is accounted for.
the foregoing it is apparent that the loss was general, not a high figure.
QUANTITIES EXPORTED.
that wheat and corn as well as the other items of the
breadstuffs exports shared in it.
The wheat and flour
Av'ge
^Av'e
Av'e
The reader
will
movement may be estimated
roughly, $178,000,000
" estimated " because positively
at,
We say
exact results are not obtainable so soon after the
close of the year, the returns for some of the minor
for 1898-9.
and remoter points being approximated. In 1897 8
the wheat and flour exports amounted to $215,000,000,
so that the loss here has been 37 million dollars.
The corn exports foot up 169,000,000, against 174,000,000, a decrease of five million dollars.
Hence we
have 42 million dollars loss in wheat and corn combined.
The remaining 18 millions of the 60 millions
loss in the
aggregate occurred in the movement of
the various minor cereals.
But has the falling off been due to a decrease in
the quantity shipped or to a shrinkage in the price
Tear ended
June
No doubt
most persons, recollecting the peculiar combination of circumstances
prevailing the previous year, would say there must
have been a loss both in price and in qaautity
It is
therefore important to point out that the outwaid
movement of wheat in 1898-9 was actually in excess of that for 1897 8.
"We sent abroad in the
last-named year of wheat and of flour 217,306,004
bushels.
But for 1898-9 the corresponding total
is
222,600,000.
as to wheat,
At that
figure
it
excels
every pre-
ceding year, excepting only 1891-92, when the outflow
wa822o,665,810 bushels. The price obtained, however,
averaged in 1898-9 over 23 cents a bushel less than it
Flov/r.
per
Bush.
bbl.
70,926,253
28,858,420
•84
72,782.926
49,493.572
•67
e-479| 55,372,104
7i',880.H,SH
-587
6-.358
90,167,959
85,461,098
•563
5,629,714
5-252!l47.687,619
•471
-552
-66 8
•684
•611
1-121
55.073.122
1242
3,9.35,512
6-208
1877....
40,325,611
1-1H9
3,343,665
1878....
72.404.9rtl
1-338
3,947,333
122,353,936
1-088
H7J*
1
1880
153,252,795
1-243
6,011,419
5-878| 180,304,180
86.298.252
98. 189,877
1881....
150,565,4
11131
7,945,786
5-66C 1186,321, 514
91.Hiis,i:&
1-1851
5,915,686
1-127
9,205,681
8-14«il21,892,389
5-956 147.811,316
5-588 111,534,182
43.184.915
40,5^6.82-
j
1882
95.271,80->
\ssa....
1884
1885
1886
...
10861
0-862
9,152,260
10,648,145
0-870
0-890
U,518,44H
65,789,261
0-863
11,9*13,574
46.414,129
0-897
»,.374,«03
54,387,767
0-832
12,231,711
55.131.948
0-933
11.344,304
...
157,280, '51
1-021
15,196,764'
....
117,121.10P
0-799
88.415,230
76,10e,704
60,f50,08n
0-672
79.562,02'
148.2.S1,26P
0-983
100
r.-74S
15,349,91
1«,4S',00
57,759,209
1888
1889.
1890
1891
1892
1893
map
70,349,012
84,8-3,714
j
1887....
1895
1896
1897
1898
106.386.828
.
.
.
....
....
•
101,971,919
lap. 432
:~T"
Bush.
34,434,608
7-146
6-001
1876
per
bu sh
Bush.
$
4.094.094
3,973,12-
1875...
Corn.
89,463,351
Bbls.
$
1-438
Tot. Wheat
and Flour
per
bush.
71,039.928
53,147,177
1874....
1^94.
realized.''
Wheiit.
30.
8,179,241
45.247.490
51,834,4 6
4-897 132,570,368
4-700 94,565,793
63.'155,»33
4-510 153,804,969
4-579 119,825,344
40,.'^0r,_'.52
•24,278,117
4-832 88,«00,74:H 69,592,9-29
4-663 109,430,468 101,973,717
4-x-^2 108,181.318! 30,78-,213
-71
•54
3
-54
-498
•480
-550
•474
•418
•574
•551
•534
75,4-Jl.H>9
16,6^0,:«t
4-95M 2-25,685,'*10
4-542 191,91-2,631
16,859,.'i33
4-10^ 184,383,119
65,-124,-41
•46
0-576
15,268,89
3-383 144,714,148
2: ,89 1,1 37
0-6.55
14.620.864
•53 9
-37 8
0-753
11.569.545
.'
46.0 <7,-274
126,443.968 99.992.*-3)
3-819 14.%0*8,&72 17'<.9I6..S85
3-551-
4-1' 217,306,004
.'^-954
2f'8,744
939
22-2,6^4,000 173,981, Oi'O
2
306
•35 5
-39 7
*Figure8 for 1899 subject to slight corrections.
The minor cereals would ordinarily be dismissed
with a very few words. This time, however, ihey
deserve more attention, for they are responsible, as
we have seen, for 18 million of the 60 million dollars
We
decrease in the aggregate export shipments.
find a
very marked contraction in oats, barley
and rye alike.
The oats we shipped to the
foreign
buyer
were valued
at
only
$9,800,000,
against a total of 820,632,914 for 1897-8; the barley
In this last-mentioned year the farmer was valued at only $1,375,000 against $5,542,040, and
almost realized the cherished ideal of dollar wheat, the rye $5,936,000 against $8,825,769.
When we
the average being 98 -3 cents.
There was a great compare the movement as to quantity, the falling off
shortage abroad, joined to abundance here, and thus becomes still more striking.
This country disjjosed
did in 1897-8.
we had the rather
and high
rare occurrence of heavy shipments
The
wheat corner had
for its basis this shortage abroad, combined with the
fact that the world's stock of wheat had been growing
smaller for several successive years.
But, as is known,
in this speculative wheat manipulation our advantage
was pressed too far, and the usual result has followed
of a reaction to the other extreme.
As against an
prices too.
Leiter
of only 30,300,000 bushels of oats in
1S98-9 against
69,130,287 bushels in 1897-S. Price was higher, being
32 cents, against 29-9 cents the previous year and
but 25 cents two years before, and perhaps that was
In the same way the
the reason why we shipped less.
average for barley was 60*7 cents against 49 3 and
38*1 cents respectively the two years previou.-?. but
the shipments were only 2,267,000 bushels against
average of 98-3 cents obtained in 1897-8, the average in
Of rye the ship11,237,077 and 20,031,301 bushels.
1898-9 dropped to but 74'8 cents.
In those years of ments were 10,140,000 bushels against 15,541 .575 bushgreat
depression 1893-4, 1894-5 and 1895-6, the els and 8,560,271 bushels lespectively, the price being
averages were even lower, but with that exception 58-5 cents against o6*8 and 42*8 cents.
While the
the late year's average is the smallest for the whole higher values, no doubt, played their part in checking
twenty-six years covered by the above table.
An en- the shipments, the truth is the exports of these cercouraging feature is that an increasing proportion of eals in 1897-8 had been of unusual proportions, and
the exports is going out in the shape of flour. We doubtless a movement of such dimensions can only
shipped of that staple 18,489,000 barrels (equal to be looked for when there is a general crop shortage
83,200,000 bushels) in 1898-9, against only 15,349,943
barrels in 1897-8, and the total surpasses by over 1|
million barrels the very highest
reached.
and
and
flour
amount ever previously
THE INDIA N- SUGAR DUTIES— THE FOREIGN TRADE OF INDIA— THE LANCASHIRE
COTTON INDUSTRY*.
Further below we give the record of wheat
shipments separately aid the two combined,
Manchester, July
also of corn.
In the case of the other cereals the decrease has followed almost entirely from a diminution in the quanshipped.
This is true even of corn, where the
outflow reached the extraordinary total of 174 million
bushels, and yet fell 35 million bushels below the
tity
phenomenal record
209 million bushels.
177
abroad such as existed in that period.
of 1897 8, when
we sent out almost
In 1896 7 the corn exports were
million bushels, but with these two exceptions
1,
1899.
was inevitable that the Indian Tariff Act, passed
by the Legislative Council at Calcutta on March 20th,
should excite much discussion at home. The Act imposes countervailing customs duties on "bounty-fed"
sugar imported into India, varying according to the
amount of bounty in each case from $3 20 to $56 68
per ton. Upon German and Austrian sugars, the
It
* Communicated by
our Special Correspondent at Mancliester.
THE OHRONICLK
lOd
only descriptions received in considerable quantities
in respect of which export bounty is paid, the duties
are respectively $5 7G and $8 41 per ton.
This step was taken with the entire approval of the
Home Grovernment and upon its suggestion, as is
evident from the published correspondence between
the India office in London and the Government of
India.
And when less than a fortnight ago this
new Indian policy came up for discussion in the
—
—
Commons, both Mr. Chamberlain and the
Secretary for India Lord George Hamilton defended
House
of
—
—
law
is
LXIX
[Vol.
a question of expediency, not of principle,
that on this
ground
it is
and
highly undesirable and would,
If
adopted, bring many serious evils in its train.
say,
countervailing sugar duties were imposed, they
similar claims would spring up in various other direc-
if
Indeed, almost immediately after the new Indian
policy was announced, questions were asked in the
House of Commons about Canadian bounties on exports of cheese and butter which showed that the
tions.
representatives of British
and
Irish agriculturalists see
quite clearly the logical issue involved in the adoption of the countervailing system in a particular case.
with great earnestness. Their arguments, as well
as those of others who shared their views upon the This is but one example of the claims and complicasubject, were throughout quite as applicable to the tions which, it is urged, might be expected to arise
circumstances of the United Kingdom as to those of if the countervailing or compensatory system were
India.
For, in the Parliamentary debate no special definitely adopted in this country.
plea was put forward for the Dependency, and the
It cannot be said, in spite of the very considerable
whole case was discussed as a question of general amount of sentiment in favor of this system now
policy in relation to the export bounty system abroad. adopted in India, that there is any evidence of
Indeed, it is well known that there are many influen- diminished attachment to Free Trade in the United
tial people both within and outside the walls of the Kingdom.
That numerous members of Parliament
it
House
of
Commons who
ardently desire to see coun-
and some members
of the
Government would
like to
introdued into English legislation is certain.
houses upon bounty-fed sugar. It is quite clear, too, It is conceivable that it may be proposed in Parliathat such people have drawn great encouragement ment, but its support by the Administration is doubtfrom what has been done in India, as well as from the ful, perhaps more than doubtful. A countervailing
Parliamentary discussion, and the vote which sanc- policy would certainly not receive the unanimous
tioned it by a majority of 293 to 152. It is admitted, assent of its members, and even those who approve of
tervailing import duties required at British
Custom- see
it
however, that the division ran on party lines, and it would hardly be willing to risk the position bf their
that not all the supporters of the Government on this party in the next general election by giving their
occasion would consent to vote for a countervailing political opponents a new cry which these would be
Notpolicy here.
sure to use effectively in the constituencies.
But the interesting question for observers of this withstanding the recent vote in the Commons, thereincident abroad is, how far does it indicate a change fore, it is unlikely that a countervailing policy will be
in British public opinion upon fiscal and commercial adopted in this country.
policy ? In short, does it reveal any alteration of
I have received from Calcutta the official statistics
opinion with reference to the wider question of Free of the external sea-borne trade of India that is to
Trade ? The answer is not quite simple. A few of say, of all but the small trans-Himalayan trade for
the advocates of countervailing duties are more or the year ended March 31st last. In the following exless openly avowed Protectionists, although even they tracts the figures are given in tens of rupees (Rx.).
for the most part say they are in favor of Free Trade At the conventional, and in fact approximately the
But usually those who defend current, rate of Is. 4d. per rupee, the Rx. may be conif it were universal.
such duties do so in the name of Free Trade. They sidered equivalent to $3 30. In the annexed sumsay that bounties are an interference with that system mary of the imports and exports of merchandise, gold
which it is right to correct in the way they propose- and silver in each of the last eight years, the im-
—
Amongst them
counted not only British
sugar refiners and their friends, but also numerous
"Imperialists" who are troubled about the discouraging economic condition of the West Indian colonies.
They contend that if the great Free Trade leaders of
fifty years ago had had to deal with the disturbing
consequences of export bounties, they would have unhesitatingly favored the expedient of countervailing
import duties.
On the other hand, the out-and-out Free Traders
quote the maxim of these leaders, "Buy in the cheapest market," as a proof that they took no account of
the causes of the cheapness of imported merchandise;
that they paid regard only to the principle which
they proclaimed; that it is for the benefit of the
nation as a whole that it should get whatever it may
desire from any source, whether at home or abroad,
whence it can be obtained at the least cost. They,
consequently, will not admit that the bounty question has any connection with the question of Free
Trade. They are ready to allow that bounties are as
unjustifiable, even from their point of view, or at
least that they are as unnatural, as is Protection
itself, but they hold that interference with it by
are to be
—
Government are not included. These do
not vary much, being, after deduction of exports,
about Rx. 3,750,000 per annum.
ports of the
INDIAN SEA-BOHNE FOREIGN TBADE.
Imports—
1891-2
1892-3
1893-4
1894-5
1895-3
1896-7
1897-8
1898-9
Merchandise.
Rx.
... 66,587,000
... 62,605,000
... 73,957.000
... 70,167,000
... 69,316,000
... 71,954,000
... 69,420,000
... 68,473,000
Gold.
Silver.
Rx.
4,119,000
1,782,000
3,147,000
1,756,000
5,029,000
4,491,000
7,281,000
8,840,000
Rx.
10,604,000
15,228.000
15,279,000
7,803,000
8,330,000
8,584,000
13,195,000
9,044,000
1,705,000
4,594,000
1.433,000
2,335,000
1,519,000
Total.
Rx.
81,310,000
79,615,000
92,'?83,000
79,736,000
82.675,000
85,029,000
89,896,000
66,357,000
Exports—
1891-2
1892-3
1893-4
1894-5
1895-6
1896-7
1897-8
1898-9
The
...108,036,000
...106,536,000
...106,448,000
...108,815,009
...114,263,000
...103,914.000
... 97,537,000
...112,723,000
falling off
2,!505,000
6,730.000
2,503.000
2,200,000
2,372,000
2,337,000
1,42 ^000
1,729,000
2,726,000
4.761,000
5,072,000
111,179,000
113,465,000
110,472,000
116,973,000
118,495,000
108,^40,000
104,670,000
120,132,000
of imports of merchandise within
consequence of plague
and famine, but since March the stream has risen
considerably, and in the absence of untoward circumthe last two years
stances the
is
amount
chiefly the
for the current year will
very substantial recovery.
show a
July
THE CHRONICLE.
15, lf99.]
107
In 1897-8 the exports of merchaDdisefell off greatly, perience, activity in the India trade is contagious.
owing mainly to the diminished production of grain Buyers for other distributing markets, and even in
and oil seeds, the result of scanty rainfall in the these markets themselves, are always stirred up to purwinter of 1895 6 and the summer and autumn of 1897. chase more liberally when they see that India merThe imports of gold last year— Rx. 8,840,000 gross, chants are taking a larger share of the out-turn.
Ex. 6,503,000 net are the largest ever known. Mcst There has consequently been, within the last three or
of this has gone into hoards, in accordance with an four weeks, a good deal of extensive buying for nearly
inveterate Indian practice.
The decrease in the im- all the foreign and colonial outlets, as well as for the
—
ports of silver since 1893-4
is,
course, the conse-
of
quence of the closure of the mints in June 1893, but
the amount is still large, and most of it is for hoarding, or for family ornaments, although a certain,
though unknown, proportion is used in bars for the
settlement of commercial transactions up-country.
How well India has recovered her old position as an
important exporter of wheat since the rainfall became
normal is shown in the following table.
EXPORTS OF WHEAT.
Owt.
6,387,791
10,C02,912
1,910,553
2,392,607
19,523,736
Oict.
1889-90
1890-91
1891-92
1892-93
1893-94
13,799,224
14,320,496
30,503,425
14,973,453
12,156,551
Within the
last
ten
1894-95
1895-96
1896-97
1897-93
1898-99
years a
considerable flour-
milling industry has sprung up in Bombay, and to
the exports of wheat last year must be added 682,662
owt. of wheat- flour, which was sent chiefly to the
African and Arabian coasts, bringing the total exports
in boih forms to 20,206,398 cwt. in 1898 99.
Much the most important item in the merchandise
imports into India is that of cotton piece goods. In
the next table the quantity received of grey (brown),
bleached and printed and dyed cloths, and the total
of all kinds, is shown for each of the last ten years.
Orey.
1889-90
1890-91
1891-92
1892-93
1893-94
1894-95
1895-96
1696-97
1897-98
1898-99
It will
Bleached.
Yards.
Colored.
Yards.
339,099,000 400,949,000
373,149.000 360,335,000
361,395,000 348,117,000
376,359.000 339,111,000
393,130,000 422,320.000
497.332.000 408,072,000
333,754,000 314,67P,000
414,154,000 359,926,000
432.732,060 278,386,000
415,086,000 396,420,000
Total.
Yards.
1,997,048,000
2,014,024,000
1,&82.688,000
1.808,054,000
2.129,488.0
2,257,675,000
1,714,879,000
1.996,980.000
1,860,598,000
2,069,226,000
be observed that the total imports in
year ended
March
31st last
Concurrently with this growth of business, spinners and manufacturers have been able to
secure better margins than they have had for a long
time past.
Indeed, it may be affirmed that the
Lancashire cotton industry is now at last really prosperous.
It is quite true that at present there is a
halt in buying, which is partly the result of advanced prices and partly of a natural disposition
among buyers to pause after their extensive operations of the last few weeks.
But the tone of the
trade.
an inclination to anticipate a renewal of activity before long.
In one
important department, however, the improvement
which is clearly perceptible in nearly every other secmarJiet
is
cheerful, and there
is
tion of the British cotton industry, has as yet
show a substantial
become
manifest only to a very moderate extent, that of
which has in recent years been under
a cloud.
Its unfortunate position is attributed to
calico printing,
In the more temperate climates and
amongst the more advanced nations fashion has
favored oth(r dress fabrics rather than cotton prints.
Then, too, India, which usually absorbs fully onethird— in quantity though not in value of all the
various causes.
—
colored cotton goods exported from this country, has
greatly reduced her oif-take within the last four years,
as the figures in the foregoing table show.
IMPORTS OF COTTON PIECE GOODS.
Yards.
1,257,001,000
1,280,540,000
1,173,176,000
1,092,584,000
1,314,038,000
1,352,271,000
1,066,446,0C0
1,222,920,000
1.149,4^0,000
1,257,720,000
home
even
some-
Still,
in the calico-printing industry, the prospect
is
what brighter, and those who are engaged in
are not without hope that a period of revival
it
is
approaching.
RAILROAD
GROSi^
EARNINGS FOR JUNE
AND THE HALF-YEAR.
The
months ending June 30 was a period of
large and general improvement in railroad earnings
the all over the United States. And the month of June
in-
six
was by far
the best
of the
whole
series.
The
upon those of each of the years immediately compilations we present below show a gain in the
preceding.
But since then the demand for India in roads reporting for that month (123 roads, covering
Manchester has so greatly extended that probably the 98,066 miles of line) of $5,988,008, or 1406 per cent.
imports for 1899-1900 will be the largest on record. Both in ratio and amount the exhibit is the best
looking at the series of monthly statement for over a year past.
It still remains a question
creaee
—
figures for the past ten years
—whether the
capacity
imported cotton goods in India is materially
Amongst merchants conversant with the
increasing.
economic condition of the country, opinions are by no
means uniform, but on the whole the prevailing expectation is that, although fluctuations will certainly
occur, as they have done in the past, the tendency
At the present moment
will be towards expansion.
Lancashire
of
locms engaged in weavthe number
ing cotton goods for India is enormous, and probably at no previous period has their production been
sold forward so extensively as it is at present.
For
many descriptions perhaps for most the contracts
extend to the close of this year, and for several they
run far on into the spring of 1900.
The Manchester market for cotton goods and yarns
to absorb
—
—
No doubt many
be inclined to ascribe this encouraging and satisfactory showing to the size of the
grain movement.
The grain movement certainly has
will
played a part in it, but only a part. At the Western
primary markets the deliveries of grain for the four
weeks ending July 1 were 58,697,536 bushels this
year, against 30,133,641 bushels in the Qorresponding
four weeks last year, besides which 1,449,115 bbls. of
flour were brought in, against only 662,538 bbls. in
To
the roads directly concerned (the bulk of
the increase occurred in the spring-wheat markets,
Minneapolis, Duluth and Kansas City) this expansion
1898.
in such an important item
of traffic, obviously
meant
explain the really
phenomenal gains reported by many roads in other
a great
deal.
But
it
will
not
by itself
is naturally experiencing the benefit of this large to account for the very noteworthy increases recorded
business for India.
But the benefit is indirect as by the grain-carrying roads themselves. The imwell as direct, for, in accordance with previous ex- provement comes from all parts of the country, and
parts of the country, nor even will
it suffice
THE CHRONICLE.
]0=^
[Vol. LXIX.
In the table first above given a few conspicuous
not more so (at least as far as ratio
is concerned), in the case of the roads remote from decreases appear
the Buffalo Rochester & Pittsburg
the grain districts as in the case of those within it. for $96,689, the Florida Central & Peninsular for
Here for instance is a list comprising all changes, $48,204 and the Toledo St. Louis & Kansas City for
whether losses or gains, exceeding $30,000.
The Florida Central owes its loss to the
$33,023.
PRINCIPAL CHANGES IN GROSS EARNINGS IN JUNE.
fact that comparison is with the time of the moveIncreases.
Increases.
Chic. Mil. & St. Paul
$59,700 ment of United States troops in connection with the
$649,6>7 Interoceanio'
N. Y. Central
50,6b5
560,084 Chic. & Eastern rUluois.
Northern Paciflo
The Buffalo Rochester & Pitts409," 10 Minn. * St. Louis
48,659 war with Spain.
Gt. Northern System
44.841
302,219 Chic Ind. & Louisv
Southern Railway
43,057 burg is suffering the present year from a strike.
i!76,940 Chic. Great Wt-stern
Louisville & Nafhville... 2.^2,12^ St. Paul & Daluth
40,713
Canadian PaciUo
38,000 There were also some other disturbing influences dur213,890 Duluth So. Shore & Atl..
Missouri Pacific
37,83 9
203,218 Intern'l & G North'n.
The
Norfolk & NVestern
37,^1" ing the month unfavorable to large earnings.
211,195 Wesl'n N. Y. & Penn....
Orand Trunk System
181,735 Long Island
35,864
against
Wabash
174 123 El8iuJoliet& Eastern..
35.348 quarantine instituted by the State of Texas
lUinoiB Central
35.335 New Orleans was not long maintained, no other cases
170,008 Choc. Okla. & Gulf
Mexican Central
34,680
164,542 Ala. New Orl. & Tex. Pac.
Texas *. Pacific
33,f'34
127,705 Wisconsin Central
of yellow fever having dev( loped beyond the case
Clev. ClD. Cbic. & St. L.. 107,895 Kan. C'y Ft. Scott & Mem.
32,907
Mobile & Ohio
32,439 originally detected; the quarantine was raised on the
107,024 Hocking Vallev
Mo. Kan. & Texas
10i,li!5 Chic. & West Mich
31,858
Pitts. Bess. & L. Erie ...
9«,233
9th of June.
On the other hand, the latter part of
Oregon RR. &Nav
94,814
Total (representing
Burl Cedar Rapids & No.
86,346
51 roads)
$5,717,646 the month. Central Texas suffered severely from
Minn. St. Paul & S S. M.
79,730
Decreases.
Chesapeake «& Ohio
'18,792 Buff. Roch. & Pitts
$96,689 floods, large areas being submerged and many people
is as striking,
if
—
t.
St. Louis Southwestern..
N. Y. Ont. & Western.
Lake Erie & Western
Colorado Midland
St. Louis & San Fran
Mexican National
74,7*^0
68,682
. .
*
&
.
Fla. Cent.
Penin..
.
Tol. St. Louis
Kan. C'y
&
4 ",204
33,023
64,<i94
60,893
Total (representing
f 0,842
$177,916
3 loads)
59,807
rendered homeless; the trouble grew still worse the
beginning of July. In Colorado a strike of the
smelters broke out, which is seriously crippling the
Yet we note that the earnthe Colorado roads for the month show an
industries of that S^tate.
For three weeks only.
In one section we have the Milwaukee & St. Paul
with an increase of $649,657 and the Northern Pacific
with an increase of 1409,810; in another the New
York Central with $560,084 increase; in still another
the Missouri Pacific with $203,218 increase, and the
Texas & Pacific with $127,705 increase, while among
the Southern roads the Louisville & Nashville reports
$252,125 gain and the Southern Railway $276,940
gain.
Even in the case of some of the smaller roads
a perfectly marvelous record of improvement is disclosed; for example the Norfolk & Western has added
ings of
increase despite that fact.
Treating now of the results for the half-year, the
showing is highly encouraging. We have returns for
the full six mouths from 122 roads operating 100,877
miles.
On these the increase reaches $17,866,068.
In addition we have the figures of 69 roads which
have as yet reported for only the five months to May
These have $12,372,31, and operating 61,026 miles.
Combining the two we have returns
746 increase.
from 191 roads operating 162,503 miles, with an im-
$211,195 to its revenues, equal to nearly 30 per cent, provement over the results for last year, compiled in
while the Mobile & Ohio has enlarged its earnings the same way, of $30,239,414. Based on these figures,
$107,024, or over one-third.
Such uniform improve- and making allowance for the missing roads and for
ment suggests a common cause outside the grain the missing month, we should estimate the improvemovement to explain it. The cause is found in the ment for the six months for the wh ole United States
activity
and prosperity
States.
The
and
coal
activity
districts,
of
trade
all
over the United
at $35,000,000 to $40,000,000.
most pronounced in the iron
and Southern roads running
is
Mile of Road
Oross Earnings.
End
of Period.
1898.
1899.
1899.
through or connecting with those districts in that
1898.
Increase.
part of the country find themselves particularly
$
$
99,861
laa roads six months.. 2P3,158.104 275,291,436 17,866,668 100,877
favored on that account. The passenger traffic is
69 roads 5 months.. 224,270,801 211,898,055 12,372,74P 61,626 61,098
also increasing from the same cause.
The Northern Grand tot. (191 r'ds). 517.428,905 487,189,491 30,239,414 16«.5(J8 160,950
Pacific reports no less than $78,430 gain in its passenTo understand the full significance of the improveger earnings, the ' Soo" road a gain of $18,958 in
ment here disclosed, it is necessary to bear in mind
the same department, the Cleveland Cincinnati Chithat it follows an even greater improvement in the
cago & St. Louis, $19,863, &c., &c.
Our compilation then recorded an
year preceding.
It is true that in Juue last year there was someactual increase of $57,440,505, and we estimated the
what of a halt in the upward tendency in earnings
whole amount of gain at about $70,000,000. In ihia
and some roads actually showed decreases, among
large expansion in the revenues of the roa<is for two
them the New York
Central.
After
the collapse' successive years we have the basis for the marked apof the Leiter wheat deal in May and the spurt iu the
preciation in the values of their securities which has
grain movement which it occasioned, there was a lull
been going on and is still in progress.
for a time, during which the grain movement remained
MUeaoe.
Sarnings.
IncreasBut the roads as a whole nevertheless consmall.
tinued to add to their earnings, and our table at that
time showed $2,657,703 gain, or 6-38 per cent. Moreover this followed successive gains in all the years
preceding, back to 1895, as may be seen from the
following.
MileaQt.
Year
June.
1896 1126 roads)...
896 (122roaa8)..
1897 (laOroHda)....
1898(131 roads)...
1899 ') 23 roads).
Year
Eamingt.
Year
Given.
Precedino
Oiven.
Milet
98.'; 21
03,0C6
PJ,9)7
MUes
$
101.S85
100,857
W7,OS0
PH.Ortrt
98.610
92,598
94.298
87,195,279
37,76278"
3tl,4
89.738
44,30:1,511
48.663.690
Increae
Year
or
Preceding.
Decrease.
or
Tear
Tear
Tear
Tear
Oiven.
PrecediTW
Oiven.
Preceding
t
1
Decreas
MiUs.
Miles.
1895. 189 roads)...
146.942
146,787
roads)
1897 .207 roads)
1898 (202 roads)....
163 873
159.135
15*,«68
158,228
158.870
157,876
891,618.137 879.S85.eni Inc 12,232,636
408,fi22.64'- 388,861.167 Jnc. 20.061,481
428,290.782 429.668,951^ Dec. 1,268,174
491,837,991 437.897,180 rnc .'17,440,605
18b9(191 roads)....
16^503
160,959
517,428,905 487,189.491 In. .80,239.414
Jan.
1
to
June
80.
Iij96 ;208
To
doing,
indicate
how
we annex the
the individual roads have been
following, giving
all
gains and
also all losses in excess of $100,000, both those
34,351,766 Inc. 2,843,513
35,:-57.847 Inc. 2,404.931
87,653.080 Inc.
816,658
41.645.808 Inc. 2,667,703
42,57.5,fl«£ Inc. 5.998,008
which
have reported for the six months and those which
have furnished returns as yet for only five months.
There are only eight decreases in excess of $100,000
..
.
July
.
may say that the decreases of
and small, number only 37 roads out
109
be seen, aud we
it will
all
.
THE CHKONICLE.
1899.]
15,
_
.
kinds, large
Baruy,
V/UU,
(biub.)
(bush.)
(bblt.)
(buth.)
'ritltdo—
of a total of 19i roads included.
EARNINGS FOK 6 MONTHS.
Increases.
Chic. Mllw. & St. Paul.. $2,220,900 Duluth So. Shore & Atl. $185,917
Southern Railway
184,000
1,090,208 Mich. Cen. and Can. So.
Canadian Paciflo
...
181,418
1,082,065 Texas & P>iolflc
GROSS
PRINCIPAL CHANGES IN
Increases.
Gt. ^fortlle^n System.
Louisville & Nashville.
Lake Shore & Mich. So.
Mexican Central
Grand Trunk Sv stem..
65'',49iJ
(
N. Y. Ont.
.
& Western..
Hocking Valley
Central of Georgia
Wipconsin Central
145,907
145,291
137,329
Pitts. Bess.
161, '72
& Lake Erie
122, 7*^2
Iowa Central
109,489
449, 4«
Norfolk* Western
Mexican National.
447,348
463,213
427,^78
Moblle&ahio
40
Interoceanio
300,420
29 :,n^3
240,817
232,374
224,200
219,504
218,083
Illinois Central
Ohiosgo Great Western
Bur. Cedar Rapids & No.
Minn. & St. Louis
Mexican
180,885
173,213
170,995
631,381
606,7S3
790,8S7
5.'i5,0 4
537 ,896
Waba.sh
New York Central
Northern Paoitio
Denver & Rio 4rande
N. Y. & Penn...
Chic. Ind. & Louisv....
Chic. & West Mich
Flint & Pere Marquette
Wesfn
937,454
895,040
71 i,S60
.
Kail way
Louis Southwestern
Chic & Eastern Illinois
St. Louis <& San Fran...
St.
Total (representing
41 roads)
$16,715,795
& Ohio Sou hw'n.'
Monterey & Mex. Gulf.
Oregon RR. & Nav
Kan. C'v Ft. Soott & M.
$218,7?i9
Bait.
,4>-3
Fla. Cent.
&
146,857
122,384
Penin
4
•t
QROSS
EARNINGS FOR 6
wks. June, 1899
wks. June, 18!<8
For four months only.
Covers lines directly operated both east and -west of Pittsburg and
The gross on the Eastern lines Increased $1,267,300 and the
gross on the Western lines mci eased $1,014,500.
Erie.
controlling influence in these favorable results
was the activity of trade.
This was all pervading,
e.xtending in its operations not only to the freight
traffic but also as we have shown above to the passenger traffic.
The maintenance of rates was another
favoring circumstance. The grain movement was of
large volume, but except in special instances it did
not play the prominent part it did the previous year
in the great gains in earnings recorded.
In fact in a
number of districts, and on a number of roads, this
grain
movement
actually declined.
seaboard, indeed, there was
shown
a
At the Atlantic
heavy contraction,
as
our article on the Financial Situation last
week.
For the six months to July 1 the receipts were
altogether only 184.584,276 bashels in 1899 against
236,790,455 bushels in 1898. At the Western markets, it is true, there was a further increase after the
heavy increase last year, the receipts of wheat, corn,
oats, barley and rye combined being 298.010,061 bushels, against 283,152,074 bushels.
Bat examination of
the following table will demonstrate, first, that the increase has been almost entirely in wheat, and, secondly, that the bulk of it occurred at the spring-wheat
points, more particularly Minneapolis and Duluth.
The conclusion, therefore, is that generally speaking
an advantage from the grain movement resulted only
in
in the case of the spring- wheat roads of the
North-
7,971.e07;
6,018,224}
806.143
53.160
1,481.226
1,236,605
269,1931
137 31*
l,598,8d3;
l,i73,480!
384.096
77,123
67.295
17,620
655,795
173,485
88.000
I
396, 5o6
1,477,8B2
8«.940'
f66
13,714
7,501
124,939
221,318
56.1^90
512 887
110,533'
768.824'
487,136
643,886
584,251
86 '.4 13
648.HM0
8.512.213 .S,235,825
5,030,6 Ul 2,903.366
1,486,317
1,442.952
68.999
I
June. 1899
wk9..Iune,lftP8
Siace Jan.l. 1899
•iince Jan.l, 1898
177,000
196.860
wks June,1899
wks .June, 1898
537.310
255.190
5.135.681
Since Jan.l. l«9w
Since Jan.l. 1898
1,28-«,vau
24.250
4
24.411)
88.850
14.800
234.050
212,200
I
615,000
535,300
33,000
13.?00
8 230.900] 4.106.H1.0
58S.300,
786.36'J
1,832,400|
v8i,250
9.017,8u0
4.e3).300
536.651
224,149
13I,6C9
91.174
25 264
19. 38
5,767.27.-
2,68'l On*'
3,60l.*8;i,
334, 17S
1,174 226
17.657,8111,054,264
13.288
6.163
89,07S
91,671
7,108.480
3 '.588.740
25.308,580
225,300
234,840
6,223,73u
1,719,040
1.859.000
261.000
8.326.460
6,075,000
435.000
424,000
4.014.250
7.489.300
6,600
4.500
64,250
«e,6uo
[
4
.
858.063
52.870
3 .268
464,221
992,924
10,800
3 900
22,941 41> 12.9 9,6. 8
654.314
3,750.01,;
16.769 37*^ 9,04(1 83-|
405 0.<.3,5'>1.07o 110,072,29 -"ligg.
7| 9.478 7b5
69.354,91 117.419.3H. bo 121.644 12. (,0.923
28K.468
162,378
l,li>3.5o7
2.809,683
no-li!'
wks .June, 1899
wks June,1898
Since Jan.l. 189C
rilnce Jan.l. i.»»8
.
inna.o
•
4
4
9S4,900
I
i
729.090
341 >-Hu\
fl,367,7''0|
4,037 ,696i
nttt-
wks. June.1899
wkg. June.1898
Since Jan.l. 1899
since Jan.l. 1898
t
The
1
111,50.
4 wk!>.
4
.
6.792,344
4.7»<!.137
18 848
9 821
109, 98
wks. June, 18P9
wks. June, 181 8
Since Jan.l. 1899
Since Jan.l. 1898
4
MONTHS.
218,0'
V6.011
l,38»..i76
494.781
0'«"»'-in'i
105,526
Inc'*eases.
Penn-iylvaniat
$2,311,801 Allegheny Valley
$131,592
Phil <feRead.&C'l&In 1,86'.,105 Nashv. Chat. "St L...
128.207
Leh.Val.RR.&L.V.Co'l 1,537,7'^6 Mexican Northern*
104,032
Southern Pacific
926,107 West Jersey & Seashore
101,200
ChiC'-go& North West'n
865,297
Central of New Jersey.
827,055
Total (representing
Chic.SC P.Minn. &Om'a
625,376
31 reals)
$12,505, S15
Union Pacitlo
5/>,l27
Mexican International.
500,289
Oregon Short Line
441,532 Chic. Burl. & Quincy,..* $343,397
41>',115 Chic. Rock Is. & Prfciflo
Atch. Top. & Santa Fe.
20 ,7VJ:i
Erie
391, 029 San Ant. & Aran Pass*
106,845
Phil. Wilm. & Bait
283,000
Kan. City Pitts & Gulf.
194,441
Total (representine
floust. & Texas Cent.
143,547
3 roads)
$656,965
G'd Rapids & Ind. Sys.
132, 208
1.248,117'
227,448
4
4
Increases.
"
1.85'<,073
2.481
338.P5^'
21,8561
iiuce Jan.l. 1899
Since Jan.l, 18a8
110,90.3
Total (representing
5 roads)
$704,459
66,780
tgtrntt
4
18t),-<!89
PRINCIPAL CHANGES IK
wks. June, 1899
wks, June, 18»8
Since Jan.l. 1899
Since Jan.l. 1898
i
i
86,00.
211.000,
1,1.9.0001
l.SoO.OOOj
i|
ntai
wks June.1899
1,449,115
H6i,536,5' 5.023
fl.<il7 4 H
wks. Jun.'.1898
Since Jan.l, 18k«
Since Jan.l 1898
4
21.822,740
a,67'<,6S5
'
Nor does there appear
to have
i ft 0.206
much advan-
been
At
tage from a larger live-stock movement.
least at
Chicago the deliveries of live stock for the six months
were 136,492 car-loads, an increase of but 465 car-loads.
This includes all kinds of live stock. Of live hogs the
In
deliveries were 4,544,784 head, against 4,323,800.
the following we give our usual Chicago table, showing
certain items of the provisions movement and also the
The
movement
grain
figures in the latter for the
period since January 1 differ from those above in cova
even half-year, while
the
ering
round 26 weeks.
Both
others cover
the
show a loss
compared with
sets of figures
in the aggregate for the half-year as
1898.
StECEIPTS AT
CBIOAOO DURING JUNE AND SINCE JANUARY
Since Januari
June.
I8V-9
1898.
1899
1897.
.
1.
1.
1897.
18V-8
178,076
12,393,751
11 717.9i2
1,998.208
14.661. «?8
13,480,156
59.394 316
64.514.492
8 ..705.407
7.699.463
10,978,728
48,7i-,8:<6
49.754 4'8
47.0X8,844
96.871
130.416
1,476,174
1
30^480
690.018
297.936
861.801
89,250
707,090
4,901.144
6
25.001
6.836,376
Total grai
28.982.411
23.734.966
473.627
156
19.202,963
223.28S
25.428.100 12P.S93.220 133.419.383
2,715.73<i
2.464.0^7
209,235
91.767.852
riour.. bblf.
.89J.684
988.968
']om...bn8i
)at8..bn8i.
Sre.. .bn8i
aarley.busfi
16,068.486
7i',u32
^>ieat.ba»i
•
9.
Pork....bbir
(hitm'ts.lbr
Lard
8 001204
^39.344
ibh
uive hoKsN
19.497.468
808
1,225,797
1.346
1,049
14,712,741 102.021,355 124,431 4<9
78.630.838
28 843.669
4.097 08
29
1
7.738,974
6,816,262
36,964.787
42,91^.725
766,724
774,987
4.544.784
4,323.800
Southern roads had a smaller cotton movement, and
yet make, perhaps, the most satisfactory exhibits of
earnings of any.
The gross shipments o'^erland for
the six months were 905,692 bales, against 862,816
bales, but the receipts at the Southern ports for the
six months aggregated only 2,149,965 bales, against
The good earnings of the roads in
2,693,907 bales.
that part of the country are to be ascribed to the expansion of trade, and especially to the great develop-
ment
of the iron industry in the South.
0^ COTTON AT 80DTHEBN POBTf IN JUNE AND FROM
JANUABT 1 TO JUNE 30, IN 1899. 1898 AND 1897.
RB0BIPT8
west.
1890.
aalTMtOD
Texas City. Ac.
.
Wlottr.
Wheat,
Corn.
OaU,
Barley,
Rye.
(bbU.)
(fru-V)
(InuK)
((m«h.)
(MMh.)
(biuh.)
VMeagn—
4 Wks. June,18P9
'4 wks.
Jnne,'«P8
Since Jan.l, 1899
Since Jan.l, 189»
429.1U
3,778.441
176.7t9
471373
2.7 1.46'
12. '99.741
26\f85
70.449
239 500
78.388
«0,Ux,0lfl 1P.17-<.4I5 4,908 229 1.476.174
a. 461.685
11.783.522
«3,9< 6,992 50,053.48><
6.136.760
256.700
131.750
1.130.9«6
1,248.690
1,009,800
1.494.0^0
722.000
244.8r0
118,4"0
14.541.821
8.401,471-
10.7-.6,251
5,875.653
l,31u.93C
lUllrnilk.f—
4 wks. June, 1899
4 wks. June, 1898
Since Jan.l, 1899
Since Jan.l, 1898
4 Wks.
June,1890
4 wks. June.i8n8
Since Jan.l. 1899
Since .lan.l. 1898
102.825
5H.W25
641,4-0
661.990
397 060
4.7H7,0''l
3.893.767
509.676
219.711
2,777,955
2.606,691
901,850
98?,760
8,56^,1 60
4,162.860
2,«8?.665
1.70\630
10.072.290
16.fl31.aS5
fl.97».10t
2.810.721
6.327.000 4.(60.710
642,360
667,170
6,5><»,700
5.4 7fl.635
67.900
27.000
808.012
788.920
10.630
"i'.POO
31K500
5 6.9 4
ii.lOO
3P6.079
Since January,
Jane.
BECBIPTB OF FLOTJB AND OBAIH FOB FOUR WBBK8 BNDIHG JTTLT 1
AND SINCE JANtTABT 1.
Hew Orleans.
Mobile.
riorlda
darannah..
Branswlok.Ao.
.
Oborleston.
Port Royal. 4o.
WUmlnKton.
.
baler
1893.
.
Newport News. Ac
roui
1899
1898.
508.764
V9. ^79
624 288
828
107 184
59.49fc
40.0M
S25.8W5
220.0*6
40.77»
1897.
9,669
6.912
863
78
81.610
38,814
9.902
1.176
660
1.918
4,670
43.0 2
807.84^ .,134.605
i84.68/<
63 5 4
180T.
29S.080
43.e«7
582.788
t-0.7S0
14.203
18.746
l,62i
8.047
8.63P
26f>.477
427
610
66.18-
187 969
4,088
8.687
4U
6i*.e72
81,6«1
8.499
3.»'02
165
123
639
10 .96r
26,140
77
21.028
42
62,lflft
^
80.344
1.802
219.859
160414
114
14 647
14,667
149.439
7.080
Washlncrton. Ac
Iforfolk
1.
. • •
31,160
12,621
8,091
662
110.409
66,615
9<».7I8
169
24.747 8.149,t<65 8,C»8,»07 1.600.728
..
8
.
.
THE CHRONICLR
110
There were some drawbacks as compared with the
The movement of U. S. troops
year preceding.
over various roads, which was such a feature during
the latter part of the period in 1898, when war between the United States and Spain was in progress,
The
did not of course exist the present year.
trans Continental
Klondike
ings
considerably
traffic
previous
the
snow storms
from
orado suffered
Pacific
on the north lost
which swelled their
lines
of the
some
Col-
year.
unparalleled
of
the
of
and the widespread obstructions it occasioned
was comparable only to the memorable blizzard of
1888. On account, too, of the cold weather and ice,
the opening of navigation on the Great Lakes was de-
June.
it
this year,
1
Notwithstanding these
April last year.
against
May
did not begin until
drawbacks, the improvement in earnings
(speaking of the roads as a whole) was continuous
through the six months, the only exception being in
February, when there was a slight falling off because
Beof the extraordinarily bad weather experienced.
low is a summary of the monthly figures.
various
Bamivgs.
MiUaoe.
Increase
or
Decrease.
Period.
1899.
Jannary
(123 roads)
Febr'ary (123 roads)
(125 roads) ..
April (las roads)....
Miles.
MUes.
86,670
44,360.263
95.465
97,879
97,006
95,044
96,910
39,159,766
98,077
May
(116 roads)
88,334
96.259
June
(123 roads)
.
1898.
97,859
96.527
March
.
1899.
1899.
66
98.(
48,504,760
44,827,232
46,998,041
48,563,690
Canadian PaciUc.
Ohio. Ot. West..
1898.
1897.
Ann Arbor
124,579
$
100,911
$
104,792
& put
& Bast III.
Chlc.Ind & LoulsT.
228.407
862 996
S21.116
•
106,246
325,09H
268.428
e8e,96(>
312,331
298,]
80
277.285
a 163, 96
Det.Q. Rap.&West.
ElRln Jol. ABast..
ranBv.iTerro H.
all3,533
144.03'
276,275
a 181,937
a 100,871
io«,e9o
281,078
135.760
103,175
28;<,184
West Mich,
101.771
115,184
113,0'; 6
81,956
216,320
213,(57
83.738
Bnff.Roch.
Okloago
Clitc.A
127,74B
263,118
28I.62i
234,466
229.188
nUnolB Centra t...
Lake Brie k West.
Long Iiluid
Lou.ETacs.& 8t.L.
2,107,5 2
8.137,5f4
Flint AP.Marq....
Hocking Valley...
1896.
816,281
252,167
1.7»3,461
293.17P
4(-0,0e6
444,202
426.76)
136,43)
117,2^2
105.6e8
319,673
311.6-8
& West.
384,41t
816.7H
298,616
Tol. A Ohio Cent..
Tol. Peo. A West.
Tai. St. L. AK.C.
West. N. Y. A Pa.
Wlieel. A L. Brie.
152,465
326.064
149.45r
28«
82.011
162,212
71,344
141.67-
174,700
189,6'8
287,800
139,394
260.181
119.811
828,27?
97,556
6,837.942
6,305.35P
6.81?,9I5
Total
fc2
127,981
94,938
210.263
196.889
290,978
386,655
123.624
863.878
331,291
147.851
78,331
181,118
2e6,S31
1894.
107,61.
99,9I»3
801,092
879.868
187.480
10-.88S
60.726
142,38.'^
73,84i
138,88*
278.347
111,240
141,963
6,781,019
6.490.43]
116.631
230.676
64.589
4.686.879
a Figures here for 18W9 and 1898 are simply the totals of the earnings for the
four weeks of the month as reported in the weekly returns; the month's
•ajnloKS usually exceed the weekly estimates quite considerably.
* Includes the operations of the St. Louis Alton A Terre Haute for all th«
years, but the Chesapeake Ohio A Southwestern and Ohio Valley and Chicago
A Texas for 1899 and 1898 only. Results on Yazoo Branch are not included
for 1899.
BARNIN08 OF TRDNK LINES.
June.
1899.
$
643.280
B.AO.e.W.
C.C.C.AStL
Peo.&East
G.T.ofCan.
Ch.AG.T.
D.Q.H.AM
N.Y.C.AH+
Wabash....
Total....
t Include*
1,317,11)
174,e9(-
\
1898.
1897.
»
52."<,010
1,208,816
16 ',00'
2,062,18:
1,880,40'.
4,080,697
8,520,813
1,256,282
l,0ei,16l
P.4!'.<?.415
8.a76,fi'
8
»
531,420
t
548,584
1,117,62?
1,170,982
18P5.
$
489,019
1,181,748
1894.
»
4*5,5'
1,021,088
l':9,8f'4
151,190
19-',856
116,981
('1,657,687
1,484,395
217,683
7J,P88
1,8 8,186
I,4i8,f68
218,642
3,602,455
3,8:-8,84«
918.940
979,65f
960,1 10
235,759
79,954
3,507,173
828,488
8,43.M24
8,319,683
7.866,159
7,464,829
]
[
J
1896.
247,64--
74,744
8,P27,784
81,409
Rome Watertown & Ogdensburg for all the years
»
351,857
$
897.138
f
27.1,684
2.000,677
1,667,221
1.512,862
I,4S8.683-
382,801
815,868
254.926
2,604.98!
J,263.86E
8,383 943
213.106
175,10b
1.993 47'
186.50S
1.891.258
157.84"
223,832
385.635
175.17J!
194,507
2,746.322
228.418
160.86'-
1,801,821
1,345,52<
138,346
169.e87
153,601
122,34^
.'OS.&Of
312,664
P51,41V
179,291
»2 238,803 •1,826,993
1.632,375
135.254
1,274,358
89,90P
121,908
78,916
A Dnlutl
158,4«1
117.748
147,793
Wisconsin Cent'l.
480,801
446,970
368.821
403,186
418,977
12e35,0SO 10,630,927 8,849.584
Total
Includes proprietary lines in these years.
9.688.S69
8,226,89^
Bt.Paul
•
Isl
.
46.65)
176.654
982.887
105,14*
125.-0*
1,056,614
63,810-
127,96»-
BARNINOS OF SOUTHERN GROUP.
1899.
June.
1888.
Cln.N.O.ATex.P.
Qeorgla
Kan.C.Mem.ABir.
LonlST. A Nashy
Uobile AOhio..
Na8h.Chat.A 8t.L
Norfolk A West.b
Southern Ry... i
Memphis DlT. S
Total
.
.
1895.
1894.
f
115.9t8
103.00«
157,261
366,761
13.5.211
126,62?
S56.255
331,757
826,372
^64
1,079,771
1.000,979
831,527
899,979
106,426
a 90,7 88
2.132,186
416,300
411.047
299.334
778,512
286,69V
F 6.252
87.173
820,146
278,73 i
88.4f2
25'
698.321:
251.000
78.108
77,af9
a9l.951
82.790
77,489
76,632
74. 50*
1,860,661
1.648,888
1.517,316
1,644,809
308,276
801,667
463,242
842,301
258,880
385,127
2.55.050
945,114
342.570
614.798
1.432,936
1,350,64^
1.324.88:
106,449
91,883
86.99,
245,670
360,888
916.106
1.240,170
95,183
6,605,318
6.381,197
423,686
t786,361
c2, 110, 24 8
cl,833,308
8,277,114
t
1,880.860
t422,583
986.5J6
.
1896.
t
112,42>
Alabama
Gt. So
Cent, of Georgia.
Otaetap. A Uhio.
1897.
r
t
t
7 814,58e
5.879.853
and 1898 are simply the totals of the earnings for tt©
four weeks of the month as reported in the weekly returns; the month's
earnings usually exceed the weekly estimates quite considerably.
c These figures include results on South Carolina A Georgia.
t Figures aro apurdximate. same as for ls9W: actual earnings were larger.
+ June, I8r9, not reported; taken same as 1898.
•o Figures here for 1899
EARNINGS OF SOUTHWESTERN GROUP.
June.
1889.
Midland
184.944
1898.
1897.
1896.
t
Col.
Den.tRioGr
Ft.W. AD.C.
lnt.AGt.No..
K.O.F.S.AM..
Mo. E. A Tex
B(o.P.AIr.Mt
R. Gr. West
AS.Fr.
8t.L. Southw
Texas A Pac
Bt.
L.
Total
9
124,051
t
167,608
886.300
98,390
$
$
IE 6,362
+289 508
O346.380
+ :0 1,667
816.816
83.004
+201.950
a318,47:-
366.04!-
770,848
666,723
615.714
656.147
84.622
+217,377
336,631
767,4C0
2.208.00<.'
2,004,782
1.727.107
297,200
296,9J0
255,528
^
570,08"
509 194
410,20c
J
565 055
6.397,428
698,600
*
106.757
1804.
1896.
___
137,672
679,573
60),'^ 60
869.086
74,044
802,183
368,284
611,667
1.731.468
1.894,301
1.602,320
07.544
200,07f
468,190
302.667
684.649
321.014
460,864
437,350
417.65'
887.608
410,978
171,130
446,898
280,067
411,024
6,672,270
6.241.582
6,869.802
6,382,306
36,440
67.73!-
223,841
832,77f
365.899
a Figures here for 1899 and 1898 are simply the totals of the earnings for th •
four weeks of the month as reported in the weekly returns; the month's earntnus usually exceed the weekly estimates quite considerably.
t GalTeston Houston A Henderson not Included for these years.
» Fourth week of June not reported; taken same as last year.
GROSS EARNINGS AND MILEAGE IN JUNE.
$
79,808
261,984
119.861
283,633
179.494
282,680
247.176
130,20f125.768
92,231
86.779
81.491
56.416
91.75*
66.172
198.2*7
188.158
1^0.10
199.766
1.600,161- 1.417,835
268,520
258.608
486.fl80
4«6.006
8S8.66f
f
340,417
108,536
AGr.
8t. Jos.
1
93.148
1,690,116
PltUb'BAWest'n.
W. T. Ont.
1896.
1896.
1,656,347
85.f4-
Nortfcern Pacific
1-02
+2,896,730 6-36
+1,818,638 4-23
+3,059,323 6-96
+5.988,0OS 14T6
BABNIN08 OF MIDDLE AMD MIDDLE WESTERN BOAD8.
1899
.
1898.
380.272
2.718.560
139.897
1,480.?74
134,717
515,947
3.395.9:9
Chlo.Mil.ASt.P..
Dalnth S.8.A Atl
Oreat Northern..
Iowa Central
Minn. A St. Louis
M. St. P. & S. S. M.
t
297 8« 8
2,188,110
472,^90
1894.
1897.
7-10
June, as already noted, makes the best showing of
any month of the six. We have reviewed above the
influences that have contributed to this result, and
therefore now present without further comment our
usual six-year comparative exhibits for the leading
roads, arranged in groups.
June.
i
384.009
2.852,000
P.O.
41,417,800 + 2,942.463
- 40S?.670
3P,662,336
45,609,030
43,008,594
43,038,718
42,675,682
1898,
1899.
BnrLOed.R.A N"
severity
layed, so that
[Vol. LXIX.
BABmMOB OF NORTHWB8TBBN AND NORTH PACIFIC GROUP.
.
earn-
roads being blockaded for
weeks.
In
February
we had the blizzard,
which in its sweep embraced nearly the whole country,
from Texas to the Canadian border, and which in
some
severity,
as
6
....
.
Orosa Earnings,
tfame of Road.
Alabama Gt.South'n.
Ala.N.O.Tex.&Pac.—
N. Grl.&No. East..
Ala. & Vlcksb
Vlcksb.
Shr.&Pac.
Ann Arbor
Atlanta Knoxv.&No.
B»lt.& Ohio South w.
Blrm'm & Atlantic.
Buff. Rooh. <fe PlttBb.
Burl. Ced. R. &No...
Canadian Paolllo
Central of Georgia.
Chattan. Southern*..
ChesapeaKe A Ohio..
Ohio.
Ohio.
Chlo.
Chic.
Ohio.
Chic.
Ohio.
<s East Illinois.
Great Western.
& Louisv..
A 8t. Paul.
Peoria & 8t. L.
Ind.
Mil.
Term. Tr. RR..
(kWest Mich...
Choc. Okla. & Gulf.
Oln. Georg. & Ports..
Uln. N.O. & Tei. Pac
Olnn.Portsm'th & Va.
Clev. Canton A 80...
Olev. Cln.Ch.A8t. L..
Peoria A Eastern ..
Olev. Lorain AWheel.
Colorado Midland ...
Ool. Sand. AHooh'g..
Oenv. A Rio Grande.
Det. Gr. Rap. A West.
Oul.So. Shore A Atl..
Elgin Joliet AEast..
itvanav. A Indianap.
Cvansv. A T. Haute.
Find. Ft. W. A West.
Flint A Pere Marq...
A Penin...
A Den.
A Rio Gr..
Gadsden A Alt Un..
Fla. Cent.
Ft. Worth
Ft. Worth
C
1899.
1898.'.
167.261
135.211
131,458
51.274
44.208
1?4,579
30.767
543,290
104.455
45,088
42.717
lt5.24^
23.077
1,315
228,407
384.009
2,352.000
366.764
5.048
1,079,771
362.996
515,947
321,116
3,395.979
75,480
110.299
163.'/ 95
523.01<
1,585
32.s,0g6
195
195
+ 6,186
142
142
189
293
228
921
22
839
+ 1.491
+ 19.334
+7,690
+20.280
—270
—96,689
189
392
228
921
22
336
35tf,S55
+ 10.509
1.136 1.13C
6.952 e.568
1.524 1,634
+782
105
106
+78,792
1.360
l.MO
+ 50,665
648
930
535
648
930
536
4,266
1,000,979
312,331
472,890
276.27.=s
2.74 6.322
50.97-*
113,538
213,105
144,038
100,871
17.'^, 105
108,690
23,255
112,076
7,260
234,466
297.J63
75,899
28.894
25,98'^
+27,003
810
+ 86,346
6Sfi,300
127.746
10,260
263.118
249,059
84,266
25,017
837
810
+213,890
184,944
69.251
1.317,111
174,698
139,229
$
+22.050
297,663
69!<,5C0
399,979
26,944
b9,2Zv
Increase or
1899. 1898.
Decrease.
2,138,11(
96,136
131.937
59,776
4.8d9
411.047
25,606
61,661
1.209.216
162.C0r
118,765
124,031
80.549
95,111
5,763
Mileagt.
590
+43,057
+ 44,841
+ 649.657
+ 24,506
+ 14,113
+ 31,868
+ 35,335
+ 894
-11.068
+ 1,338
—2,822
+ 107,895
+ i:,?,690
+ 20.464
+60,893
—11.298
+ 13,200
+ 12.662
+38,000
+35,348
+2.727
+15.670
+3,000
+28,652
—48.204
+ 8.367
-3,877
+247
6,164 0,164
282
74
614
278
42
336
111
310
23S
74
614
328
43
336
111
210
1,838 1.S88
332
192
346
273
363
192
84e
278
1.668 1.668
451
588
197
156
1«7
78
657
940
455
146
11
451
688
197
156
167
78
667
940
455
146
11
..
.
.
3
. .
..
..
THE CHRONICLE.
JXJLY 15, 1899.]
OroM JSamtno*.
Mame
of Rood.
MiUaat
Increase m
Deereaie. 1899.
1898.
1899.
Oeori^a
Georgia & Alabama.
Qa. South. <b Florida
Or.Truniof Can...)
Chic. AGr.Tr'k.. }
1898
Det.Gr.Hav.&M. \
M.
Ot. No.— 8. P. M.
<Sr
Eastern of Minn..
Montana Central..
Oall Beaum'tA K.C.
Hooking Valley
nilnoU Central a
& Gt. Not
Kanawha & Mich
Kftn.C. Ft. 8. & Mem..
Kan. C. Mem. & Bir.
W
Kan. City & Omaha..
Kan. City »ub. Belt
& Western.
& Hurt. River.
Long Island
RR
Los Angeles Term'l..
Loulsv.Evans.&St.L.
Loul8v.Hend.& St.L.
& Nashville..
Macon & BirminK'm.
Looisy.
Manlstlaue
Mexican Central
Mexican National.
Mexican Railway*. ..
Mexican Southern*..
Minn. & St. Louis
Mlnn.8t.P.<fe S.Ste.M.
Mo. Kans. & Tex. sys
Mo. Pac. <fe Iron Mt..
Central Branch
Mobile <& Birm'gham
Mobile <fe Ohio
Mont. & Mex. Gulf...
H.Y.Cen.&Hud.Rlv..
W. Y. Ont. AWest
Vorfoik & Western
Northern Paclflo
Ohio River
Omaha Kan. C. & E..
St. Louis...
Oregon RR. &Nav...
Peo. Deo. & Evansv.
Plttsb. Bess. & L. E..
Pittst). Llsb.
&
&
West.
Western
Plttsb.
Plttsb. Clev. & Tol.
Pittsb. Pa. & Fair..
Rio Grande South'n.
Rio Grande WeHtem.
Sag. Tusc & Huron..
8t. Jos. &Gr. Island..
8t. L. Chic.
St. P.
St. L. Kennett
So..
St. Louis
3. Fran..
St. Louis Southwes'n
St. Paul&Duluth....
&
.
4
&
Ban Fran. & No. Pac.
Santa Fe Prea.A Phx.
Bher. Shrev.A South.
Bo. Haven & Eastern
Southern Railway
Texas Central
leiaa APacillc
Tol. & Ohio Central..
Tol. Peoria <t West'n.
Tol. St. L. <fe K. City
.
Wabash
West. N. Y. A Penn..
Wheel. & Lake Erie..
Wisconsin Central...
Total (123 roads).
.
+181,735
4,036
4.036
1,608,670
229,550
165.252
26.665
+ 185.013
+ 119,415
3,814
3,780
72
256
+ 32.439
172
262
65
346
1-170,003
3.667
3.775
+37,839
+£9.700
+28,654
+1.341
775
531
509
20
172
975
276
174
194
32
725
90
379
50
872
166
775
531
50t
29
172
975
870
174
+19,174
+820
1,4?3,657
110,135
157.461
15.110
229,183
2,137,584
-
. .
Omaha &
2.062,137 1,880.402
86,252
81,810
95,786
2,307,592
239,506
201,667
230.200
170,300
186,503
157,849
5.385
4,044
50,128
48.75b
346.380
313.473
P4,951
90.738
28.118
21,632
22,388
15,208
44,012
37.778
316,261
252,167
33,901
41.880
480.066
444,202
9.160
7,479
136,434
117,282
53,383
38.229
2,132,405 1,880,360
6.280
2.871
10.649
8,691
1,242.033 1,077,491
528,777
468,970
255,300
225,400
44,895
35.248
175.17.1
223,832
385.635
305,905
665. '23
770,848
2,116,000 1,896.782
92.000
lOS.OuO
27,321
23.409
415,300
308.276
92,400
118.05R
4,080,89
3,520.813
384,416
yi5.7d4
996,?56
785,361
2,236.803 1,828,993
88.1fi6
80.73Z
28.217
22,473
32,002
28,234
644.622
549,808
68.477
55,754
221,519
lii3.286
3,838
3,384
174.349
191.65
92,'-97
81,395
41,514
42,871
33,200
37.035
297,2 lO
296.900
11,35K
13,574
108,536
78.946
23.ti47
29,592
7.300
5.24tj
."^09,194
570.036
33fS.440
410,200
158.461
117.748
90,240
65,944
74.78>i
67.721
14. -^35
22,992
4,500
3.099
2.110,24>' 1,833,308
21,787
18,595
565,055
437.350
152,455
149.450
82,282
82,010
17i.70o
141.677
1.255,'282 1,031.159
237.800
2.50.181
139.394
119,811
460,804
446,970
Interooeanio (Mex.).*
Iowa Central
Iron Railway
Lehigh
307
458
285
26i.6<i2
Internat'l
Liake Erie
—8,681
307
458
285
105,426
82.630
37,105
—2,209
+11,555
+ 1,378
+ 32,907
—4.213
+6.4
+7.180
+ 6,234
+64,094
+7.979
+35,864
+l,t)81
+19,152
+ 15.155
65
346
194
32
379
50
37a
160
2.985
+ 164,542
1,956
1,26«
1.950
1,218
821
227
507
321
327
806
1.195
2,197
4,938
1,195
2,1»7
4,938
388
149
879
390
388
149
6»7
390
2,395
2,395
+59,307
+29,900
+ 9,647
+48,659
+79,7S0
+ 105,125
+ 219,218
16.0U0
+ 3.912
—
+107.024
—25.658
+560,084
481
481
1,561
4,947
1.570
4,730
224
36
145
224
36
145
1,065
331
l,u6»
+ 11,723
+98,233
22S
+504
2'
—17,304
—11.502
206
77
53
180
582
67
251
111
44
23«
28
206
77
53
180
550
67
251
+409,810
+7.461
+5,744
+3,768
+94.81*
+ 1,357
—3,835
+300
+2,218
+29,590
+5.945
-1-2.054
+60,842
+74.760
+40,7
+24,296
+7,065
+8,457
+ 1,401
+276.940
+3.192
176
17t>
1.499
+3.005
371
248
451
1.499
371
+272
— 33,t23
& Alalia Un
Gadsden
Georgia
Georgian Alabama
•
Chio. & Gr.
Det. Gr. H.
Nor.
•Jreat
St. P.
1898.
Increase.
688,333
227,039
4,287
775,4261
577.931
466,3061
733,276
537.214
482,217
7.858.774
716.878
910,225
998,713
l.'^9.887
80.312
1,108,363
1,262,456
13.693,732 13,230.519
1,694,236!
1.661,792
1.58».l80
1,889,603|
898,799
1,008,^88;
27,60b
2i,741
315,963
269.361
2.274.442
2,385.345
703,740
758,783
152,087
173,427
124,012
113,962
268,157
224.33 y
Cnteroceanic (Mex.>*...
fowa Central
Iron Railway
Kanawha & Michigan.
Kansas C. Ft. 8. (SMem
Kan. City Mem. & iBlr..
.
.
.
Hudson River
<fe
RR
<fe
Birmingham..
Railway*
Mexican Southern*
Mich. Cent. &Can, So
trfexican
& St. Louis
8, Ste, M..
Missouri K. & Tex. sys..
Mo. Pacific & Iron Mt..
St.
P.&
Central Branch
Mobile <fe Birmingham..
Mobile AOhlo
Monterey & Mex. Gulf.
er. Y. Cent. & Hud. Rlv..
N.Y.Ontario & West'n..
Norfolk & Western
(Jforthern Pacific. .......
& Navigat'n
& Evansv..
Plttsb. Bess. & L. Srie..
EMttsb. Lisbon & West'u
Pittsburg & Western
Pittsb. Cleve.
Tol...,
Pittsb. Paines. A F'pt
Louis Southwestern.
Paul A Duluth
Santa Fe Pres. A Phx..
San Fran. A No. Paciflc.
Sherman Shreve.ASo..
South Haven A East'n
Southern Railway
Texas Central
Texas A Paciflc
Toledo A Ohio Central.
Toledo Peoria A West'n.
A Lake Erie
Total (122 roads).
Ala. N. O.
& Tex. Pac—
N.O. ANortheasfn...
Alabama
<fe
Vlcksb'g.
Vlcksburg 8hr. <fc Pac
Ann Arbor
Atl. Kdoxv. & North'n.
Bait. & O, Southwest.
.
birmlngham & Atlantic
Roch. & Pittsburg.
Burl. Ced. Rap. & No...
Canadian Paciflc
Central of Georgia
Chattanooga Southern*
Chesapeake & Ohio
Buir.
Ohio.
Ohio.
Chic.
Ohio.
Chio.
Chlo.
Ohio.
& Easfn
Illinois..
Great Western...
Ind. & Louisv
Mllw. & St. Paul..
Peoria & St. Louis
Term'l Transfer.
& West Michigan.
Choc. Oklah. & Gulft...
Cia. Qeorg. & Portsm'tb
Oln. N.O. & Texas Pac.
CUm. Portsm'th & Va..
OleTe.Canton & South'n
Olev. Cin. Chic. & St. L.
Peoria & Eastern
Oleve. Lorain & Wheel .
890,627
836,474
788,553
844,158
316.897
778,514
177.448
3,168,459
10,136
1,801.253
2,165,674
12,678,084
2,609,345
33.954
5.744,935
2,217,206
2,S86.9S8
1.709.276
17,980,280
425,251
690,731
334.612
330.676
725,672
151,970
3.387,248
12.880
1.806,243
1,924,857
11,59^.019
2,464,054
32,434
5,740,791
608,v:32
1.013.320
778,278
0,7-27
2,219,9 '3
:i
140,.->.'>9
327.174
6,398,933
924.019
820.331
1.999.1-23
2.594.56^
1,536,063
15. 59,38^
415.216
567, S41
h42.325
701,121
27.393
2.188,242
126,874
333, 15-*
6. 99.251
97,822
9.546
52.842
25,478
*
. * •
930,806
721.992
218,789
2,744
4,995
to
May
l69.S03i
216.106
1,753,847
54.057
572.861
158.741
29.458
3,279,137
2.406.648
637,596
389,868
219
l-2H,<i89
•'iO
107,761
49,5^8
44,190
23,745
3.800
1,090,208
1,936
181.418
21,608
126,453
12,456
11,198,859
3.521.297
'16.538
8.34 7
67,165
S.231
31.070
5.385
10.932
186, 2«9
36t»,932
131.025
""201
49.237
76",499
51'^.6v'8
3.702.7 15
2^2 84
122.762
186,341
224.4^3
86\767
462,167
9n6 985
6,384,984
3.45S
77,197
606.703
180,885
65,340
137.329
1,399,114
693,561
2.331.511
1899.
31.
$
A
Danvillt*
& Obii
Bath V Hammondsoori.
Brunswick * We.stern-.
Buftalo
.....•»>
.
.
-
«
- - -
.
•
-
-
5,984
271
6,78
7
A Sustiuehanna.
Ceutral New England .
Central of New lersev
Charleston A .Savannah*
Clii». Burl & Qiiinc* ...
Chicago A Norrh West..
.
i'7.866.66'*
Cleveland Akron
Crystal*
16,205,9=^3
179
1,934
11,136.535
9,249
25.!.
1898.
Increase.
$
$
9-\916
257,644
1,046,858
49.118
15,737,833
233,6-<8
192,078
11,220,007
131..592
4,335
418,115
18.541
9,856
83,472
18 ».^'»2
216.0 iD
8.312
78,574
29,039
827,055
197.844
2H*,«5n
275.343
5.520,803
4,<593,74S
259.V111
265,482
16,3 5.405
li.<»64.069
8'65,29'7
625,576
23,33J
Pac.
AlOm.
7. Hid,', 13
',781
3.1<0,40.i
Col.*
234, 98
4,146
260,35)
4,S74
A
9
670
246.284
3,7
<
Decretive.
18,075
4,934
«,.=>79
16.65 .-^O^
13.198.772
8.0 6,246
&
Chio. Rook Isl'd
Chio, St. Paul M.
77.841
252.710
1,178.450
53,453
2'
Baltimore
3 334
31,731
•*
Jan. 1
Atlanii*
10,03.^
>•
'l
22.1J96
853.721'!
1
Alabama' Midland*
Allegheny VnUey
Arkansas -Midliud
Atch, Top. .fe Santa Fe...
Atlanta A West Point...
1.520
4,144
218.083
292, a93
173,213
2,220.900
93.389
122,384
'
293,158,104 1275,291,436 19,107,549 1,240,881
Ailirondack
14=i,29l
J-
l'46.857
790.887
449.546
447,948
555,094
43.-72
ROADS REPORTING FOR FIVE MONTHS.
1,032.06.!)
13,635
401,433
.
240,817
40.H91
170,995
77.157
127,885
3,150
For three weeks only In June.
a Chesapeake Ohio A Southwest'n and Ohio Valley roads are Included
for both years. Results on the Yazoo Branch (140 mU<^s) are included
for 1898 only.
t Totals for month of June are for railroad only.
......
.
43,277
63,946
714,860
57,801
6),162
8.834
64,111
40 239
8a5.010
4,671
*
13.778
• «
110,903
55,043
21.340
10,050
80.07 K
199,381
4}i',745
758,901
2,463.840
.
88,488
59.575
1 45 907
463.213
32.441
300.420
103.489
1.362
46.602
3,-,^53.0l3
6.991.767;
1.579.99H|
Pa..
6^7,350
388,594
53.441
184,000
23 J.374
65,801
l,732,0.'.4i
5, 424, '^561
10.918 3ii4
887.375
458.714
889,791
City..
631.331
*^24,200
449.12i<
Net Increase
Alabama Gt. Southern.
9,283
15,911
17,373
21,761.142
12,23!^.067
Wabash
$
'"i',990
642
42,150
7.06,673
164,126
40.390
3.461.436
2.626. '52
790,357
439.426
413.122
150.198
16.256
Vflsoonsin Central
$
54,153
105,526
69,805
650,499
427,978
2,072,217
3 9.(>503.459
Oeerea$e.
38,?33
4,398
537,896
36,614
185,917
91.36S
13.298
28,931
161,272
661,262
182,033
603,vt31
!jt.
Deereatt.
32'!.77n
62.28e
8t.
Wheeling
.37e,217|
1,6 21.012
Sag. Tueo. & Huron
St. Jos. & Grand Island.
at. L. Chic. & 8i. Paul..
St. L. Kennett A South..
St. Louis A San Fran..
A
10,109,609
178.335
1,837.512
39.090
727,30y
234,443
10,922,833
26,142
59,654
6,712.523
2,593,8*1
2,016.300
62o,221
21,895
902.9-7
Rio Grande Southern...
Bio Grande Western
Kan.
10,324.469
236.136
1,897,704
47,974
791.420
274,732
11.817,878
30,8 3
42,231
7,363,0.7
3,426.869
2, ;«0,500
3 1.331
<fe
A
1.648.731
533.377
178,833
2,473.700
609. H16
22,552.029
2,181.600
5,872.504
11.473.488
474,oi;
3,130,629
Ohio River
Oregon RR.
Peoria Dec.
Tol. St. L.
1.712,727,
P,972,000
7,156.0J0,
1.235.3191
1.002,945
1.830.635
1,814,834
5.082.843,
5,002.767
12,527,551 12,328,170
..
ttinneapoilB
Minn.
30.
60:i,160
1,428.340
1,472,550
618,528
229.029
3,645
8,496.124
1,105.472
Beaumont & K.C.
Hocking Valley
West. N. Y.
1899.
M
O^ulf
Macon
Earnings of GalvestJn Houst )n & Hendersou are excluded for
both 1899 *nd 1898.
a Chesapeake Ohio & Southwest'n and Ohio Valley roads are included
* For three weeks only.
for both years.
h Earnings are from railroad operations only.
Jfame of Road.
M.&
Eastern of Minnesota
Montana Central
Manistique
"An xioan Central
Mexican National
451
$
^63,037
377.719
3,841,034
691,554
849.865
746,826
14^,755
12 010,9951 11,379,614
Louisv. Evansv.ife St.L..
ixiuisv. Hend. & 8t. L..
Louisville & Nashville..
t
TO JUNE
Trunk }}\
-% Milw
Los Angeles Terminal..
248
Increate.
rand Trunk
'-one Island
48.563.690!42.575,682 <-5,988,''08|9?,066 96,910
1
& Florida.
Ga. Southern
oehigh
+174.113 2,326 2,326
+37,619
642
642
247
247
+ 19.58S
+33.834
937
937
GROSS EARNINGS FROM JANUARY
. .
A Western
Like Shore & Mich. So.
6,969
+ 127.70'>
. .
•ake Erie
244
i65
198
153
37
37
5,963
Worth & Denv. C.
Worth & Rio Gr'de..
KaJisas City Sub. Belt-.
111
44
1,282
1.223
244
165
198
153
1
156,053:
632.0911
1,539,612
l,367.024i
W
S81
1.385
1,22b
Ft.
842.192
Kansas City & N.
Kansas City & Omaha.
59
+68.6b'2
.
Ft.
1898.
801,2701
382,1171
4,378,930;
728.1631
1,035.782
.
2.98>
91
+ 211,195
Colorado Midland
Col. Sand. & Hooking..
Denv. & Rio Grande
Det. Gr. Rap. <S West..
Oul. So. Shore & Atl..
Elgin Joliet & Eastern.
Evansv. & Indianapolis,
Evansv. & Terre Haute.
Flint & Pere Marquette.
Pla. Cent. & Peninsular.
&
90
+252,125
+3,409
—1,95b
1899
Illinois Central a
Int.
Great Northern.
725
97
59
Ill
tfame of Road.
$
Kan.City&N.
4
....
.
........
5,571
343,397
206,723
....
-
....
...
728
THE CHRONICLE.
112
Jan. 1
May
to
1899.
31.
321,64'
2^3,990
1
Erie
Euielfa Springs
Findlay Ft W. & Wtst *
Gr. Rapids A- ludiana...
Traverse
<
ivtisk Gr.
Gulf
&
F(.
13,1.5-'.72';
W
itv
Ra
•
& In
& Texas
Illi-
ois
•.
39],02v<
21,5^^5
64S
25,176
810,985
l'-l,0f4
19.!8-
177. 4:1 6,30H
4*^.'-''2
47.ts07
1-.6-0
1,305.137
J
1,3^5
976
5,284,990 1,02a, 404
9*^.064
1,394,014
184.441
2,313.434
500.V8
8t^:-',82^
24,«S0
64,«19
2,505.192
2,.'S6.-!.692
!',087.1.'^0
Phila. Wilin. & Bait.
RichmoLd Fred. A Pot.
RtoGrarde Junction".
San Ant. A Aran Pass*
Western*
4.i'49.19^
378,1
K
.'^25.5
,
1
Silver Sx^'gs Ocaia & G."
Sioux City & Nonbeiii*.
Southern Pacifio
Stony Clove & ate.Mts.*
(_
Union Pacific Rv
We»r Jeisey & Seashore
8
l,l52,><07
62,45^5
7-, 58'
21,777,0.-1
1,242.173
04.186
U)2,u3i
22,703.158
4 ".'5
7.449,800
0,797
6.871,673
93n.{)2-
828.82^1
Cent. & Pitts...
Viigiiiia& Plitsb.'
515.992
^H,2Hi
47S,75'
119,25.
Alab«iua
^richtsvil'e &. Temilie.
York Southern
273.«.=.9
25VI.731
51.75.
35.705
2vi 50
W. Va.
f
30,7>^5
Total (69 roads)
I
12-,
bb,.711
6,740
.,,,,,
.
<
~.»
. .
.
. >
.
• .
.
>
....
^
89.36<
41,^91
2;j,44h
926,107
258
578,127
101,2(0
42.236
23,041
.
^3.92^
lP,04T
1,28
802.102
1
'.
ITEMS ABOUT BANKS. BANKERS AND TRUST CO'S.
—
Sales of bank and trust company stocks at auction this
week aggregate 359 shares. Of this total 234 shares were
bank stocks and 135 shares trust company stocks. There
were no sales at the Stock Exchange. Following is the
record of the week's transactions
Shares.
Bantcs— A^ew Tor/c.
25
60
5
6
40
20
66
3
America, Bauk of
Citizens' Bank, National
Commerce, National Bank of
Fourth National Bank
Mechanics' National Bank
:
Price.
43514
14' "g
26313
192
206
Mutual Bank
Park Bank, National
Produce Exchange Bank
Trust Companies— A'eio Torh.
50 International Trust <Sr Banking
25 North American Trust
10 State Trust Co
25 United States Trust Co
Trust Compames— Broo&i^n.
25 Franklin Trust Co
.,
Last previous sale
July '99— 431i2
May '99— 145%
June '99— 250
Apr. '99— 182
205I3
115
5O8I2
May
'99 -
157^4
Feb.
';
502
Juue'99Dec. '98— 119
130%
9—
175
161
First sale.
415^4
Apr. '99-
1620-1625
—
Since the purchase of the Custom House by the National
City Bank, which purchase was noted in this column last
week, important sales of real estate in the vicinity of the
The property
of the Cut-
and 21 William Street, adjoining the Corn
Exchange Bauk, has been bought for $300,000. The property 44 to 52 Eschange Place has been bought by the New
York Realty, Bond, Exchange & Trust Co. for $850,000, and
it is reported that a modern twent} -story building will be
erected thereon especially arranged for bankers' and brokIt is reported that negotiations are pending
purchase of the property 56 to 64 Wall Street and
for four lots in the rear on Pine Street, but this report cannot be confiimed. Reports are also current of negotiations
for property on the south side of Wall Street below the Custom House extending to Exchange Place and also of 51 and 53
Beaver Street, but these reports likewise lack confirmation.
—At a meeting of the stockholders of the Franklin National Bank held on Monday, it was unanimously decided by
the holders cf S;170,U00 out of $200,(00 of the stock voluntarily to liquidate the atfairs of the bauk, and to this end a committee was appointed to begin liquidation August 1. The
committee consists of Charles F. James, the President;
William James, F. Kohler, Philip Carpenter and H. J. S.
Since the beginning of the year, when efforts were
Hall.
first made to increase the capital and to provide a working
surplus for the bank, there have been several conferences of
parlies largely interested in the bank, and also meetings of
the stockholders, at which conferences and meetings various
propositions have been made for the financial improvement
A majorof the institution in the manner above indicated.
ity of the stockholders have, however, at each of these meetings been in favor of voluntary liquidation, assigning as a
ers'
offices.
for the
7.005
106.845
224,270,801 211,89-,05.' 13,174848
12,37374(
Net increase (5'84 p. c.)
* For four months to ALpril 3
,
ting estate, 17, 19
lot.o:-iv
5s.
W. Odell, Ferdinand Traud, Barak G, Coles, John
H. Pett, John L. Dudley, Courtlandt D. Moss, Douglas Taylor, Richard C.
McCormick, Thomas H. Wood, Charles
Gulden, Percival Kuhne, John Stemme, Robert P. Lethbridgf Sigourney W. Fay and William H. Baldwin, Jr.
Custom House have been made.
'J
105 338
632,373
9-'..S3:s
1
. .
.«.»
... ....
2,452,14441,53/
26.114, »< 6 1,267,S. <
16.900.000 1,044,500
8,280.' 07
70H.^2-.
7,9U,= 67 1,155, S
3,766,' 9 4
2sH,00U
356,4 ii<
21,69
V. ^93.681
27,-82,17ts
17.94 4.500
t;,9»9,H'. 9
.••
.
514,:;.^.'.
91,2(6
71,565
Wes'erp Lin^s
...
Philadelphia &. Reading
CohI <fe Iron Co
38,8t^l
194,44
1,8!>4,^33
SS-'.i'S
'.^')."42
..
14-\54:
3, 14
2,441,64
932. OOO
WesttTD..
2"
.....
....
..
6,9:S6.
38P,22S-
1,304,218
.. .._-.
.-
2,681
C,bO>-.344
Penusy iv H— East. Lines
West
Western
.^.687
425, 120
1,498,659
7,4ol,27^
Henry Hasler. President; William E. Clark, Vice-President;
Charles H. Steinway, Vice-President; John W. Pirsson,
Attorney and Counsel, and G-eneral Da- iel Butterfield,
George
116.941
13,7^1
A Idwa.
Nort hern Centi al
Oregon Shorr Lire
t-loiidaiS?
$
689
(1,976
l,448,()^4
Noriheisff of Geoieia'
Northern Al'-ibama*
Sav.
$
nf 1
Cf
.
^
$
320.95;
232.014
12,766,698
22,228
30,863
927.HV6
17,69
1
Kan. ruy Pitt.-b. & Gulf
Lehisb VaUey KR
Lebisb Valley Coal..
LexitgtoD AErtstein..
Mexican Ir.iernaMonal..
Mexican Northein' ...
Naphv. Chat. & St. L....
N. Y. SUKi.
Decrease.
j
Chicago*
Houston
Indiana
.fe
Increase.
$
Cumberland Valley
Detroit <te Mackinac
nn. KiclimM
1898.
rvoL. Lxix.
July'99— 160
37213
June'a9— 1625 ifl
reason that the business of the bank had steadily decreased;
that there was much bank competition in the vicinity, and
that it was not certain whether, if the bank should be financially strengthened, such a course would really be effective.
At the meeting on Monday, this view continuing to prevail,
it was deemed best to end the euspense and to liquidate the
Mr. James, the President, says that
affairs of the bank.
there is no question about payment of depositors in full, and
May '99— 303
—The officers of the Flatbuah Trust Company, the an- with reasonable promptitude, for the bank has never been
nouncement of the organization of which under special chart- insolvent. The dividend which stockholders will receive
liquidation shall be
er appeared in this column June 10, have been elected this cannot, however, be determined unti^
Mr.
James
completed.
is of the opinion that perhaps
finally
week. The President is William Brown; First Vice-President,
John Z. Lott; Second Vice-Pre;ident, J. T. Ditmas, Third late in the fall effective measures will be taken to reorganVice-President, Gustavus A. Jahn, and Secretary, E. D, ize the institution.
— (Jn June 29 the directors of the National Bank of ComFisher.
The Board of Trustees consists of twenty four
members, and the institution will be ready for business merce, at Providence, R. I., recommended to the stockJuly 19. Mr. Jahn, the Third Vice-President, was largely holders a reduction of the capital of the bank from $1,709,200
instrumental in procuring the charter of the company and to $850,000. A meeting of stockholders will be held August
also in interesting capitalists and others in the stock of the 8 to take action upon such recommendation. The stock has
a par value of $50, and at the last auction sale it was
institution.
The recent death of Mr. Edward A. Quintard, President sold at 383^. The reason assigned for the reduction of capi-
312
—
of the Citizens' Savings Bank, 56
and 58 Bowery, has necessi-
tated important changes in the officers of the bank. On
Tuesday Henry Hasler, who has been Secretary of the bank
since 1880, waSjUnanimously elected President by the Board
of Trustees; Charles W. Held, the Cashier, was elected
Secretary, and Henry Sayler, an accountant, was elected
Cashier. Mr. Hasler took a clerical position in the old
Broadway Bank in 1861, and in 1870 he became a clerk in
the Citizens' Savings Bank. In 1876 he was elected Assistant
Secretary and in 18^iO Secretary. Mr. Held entered the
service of the bank in 1":64, becoming Cashier in 1874. Henry
Sayler has been in the employ of the bank since 1871. It
will be interesting to note that in 1870 the nu tube r of depositors in the bank was 14,000, the total assets were $6,900,
COO and tde surplus was $2SP,0/0. July 1, 1899, the number
of depositors was 30,300, the total assets were $13,660 0( and
the surplus $1,620,000, sbowing a remarkaVile growth in the
bufciness of the
bank.
The
trustees
number twenty-oue:
needed and, moreover,
upon with the present
volume of business. This appears evident from the fact that
the last two semi-annual dividends have been passed. The
bank was organized as the Bank of Commerce in 1851, under
State law, and it became a National bank in 1865. The officers are Robert Knight, President; Harvey E. Wellman,
Vice-President, and John Foster, Cashier.
tal
it is
—
is
that
it
is
larger
than
is
larger than dividends can be paid
There has recently been an addition to the number of
branches of Canadian banks doing business in this city. The
Merchants' Bank of HalifHX, capital $1,500,000 and surplus
$1,250,000, opened an agency at 16 Exchange Place on July 5
under the management of S. H. Voorhees. who has been for
some years in the employ of the Chase National Bank. The
Merchants' Bank has thirty-six branches in Canada, located
in Quebec, Nova Scotia, Newfoundland and British ColumOne object in
bia, and it has one branch in Havana, Cuba.
opening the New York branch is to extend the btisines in Cuba.
July
THE CHRONJCLE.
15, 1899.]
DEBT STATEMENT JUNE
The following statement of the
United States on Jane 30 1899
30
1899.
made up from
figures issued on that day.
Further on we
give an interesting exhibit of the Treasury cash hold
ings of the same date.
official
INTEREST-BEARING DEBT JUNE
Intere
7itle of
Loa i—
pauitble.
*
$
Q.— J.
Refund's
certittc's.
190Jt
Loan of
Loan of 1925
Q.— F.
0.— F.
Q.— F.
of 190S-1918....
Total, excludiner
Coupon.
Reuistered.
tsiiued.
4Ws, Fund, loan, 1891. )„
„ 250,000,000
Contluued at 2 p. c. { y-~™48, Funded loan, 19i'7..Q.— J. 746,9i3;«sb
4s,
63,
48,
8s,
30. 1899.
Amount Outstanding.
Anoiint
t
Note.— The denominations
Total.
$
$
25,364,500
491,311,900
68.340,400
40,012,750
lOO.OOO.oOO
S7l«i'5',O50
162,315,400 114,026,6 iO
19-1.678,720
98.09 ?,040
18,2»x.760
100.385,780
25,361,500
559,652, 00
37,S30
100,000,000
162,31^,400
198,678,720
249,569.880
1,048.048,750
32,354,'«66
Pacific
1,491,920,520
Railroad Bonds
79e,441,040
of bonds are as follows:
Two
per cents (registered
$1,000, $5,000, tlO,000, $20,000, »50,00i); 4s of 1907, regis-
only), $50, $100, «'.Oii,
tered, $50. $100, $.500, $1,000. »5,00r), $10,000, $20,000, $50,'K10. ciupon, »5'i, $lii0.
•50J, $1.0011; 48, refunding cert.iflcates, $1"; i^s of 1904, resistered, $50, $ioo,
$1,000, ^10,00), couoon, $50, $100, $1.0"0, 4s Of 1»25 reaistered. »•> , $li)i>, $500,
$1,000, $5,000, $10,000, coupon. »50, $100, $500, $1,OjO; 38 of l^^OS 191S registered,
tl.oOJ, $5,000, $1 i.OOj. coupon, $20, »100 $500. SI.'KJO.
$20, $100. $50
1.
DEBT OS WHICH INTEREST
CEASED SINCE MATURITY.
HA.8
Wtu
Funded Loan
June 30.
$llJ.85'iO'^
31.
of 1891. matured September 2, 1891
$1 V2,^60 00
Old debt matured prior aod subsequent to Jan. 1,'61 1,105,500 26
.
1,104.450 26
Debt on which interest has ceased
$1,21'*,350 26
Bondi ISHued to Pacific railroads matured but not yet presented; Union Pacific, $)6,0ii; Central Pacific, $37,000;
Kansas Paciflc. $7,000 total
$1,218,300 26
$79,000 00
:
DEBT BEARING NO INTEREST.
United States notes
Old demand notes
National bank notes— Redemption account
Fractional currency
Ij«s8 amount estimated as lost or destroyed
$346,681,016 00
53,'-47 50
35,817, 3sl 50
$15,257,312 86
8,375,w34 00
—
'
6,881,408 66
•
Aserregateof debt bearing no interest
$389,433,663 66
RECAPITULATION.
June
CUisslflcaHon of Debt
Interest-bearing debt
Debt, Interest ceased
D«bt bearing no
1,046.048.7.30 00
1,218,350 26
38n,20.s.420 16
Increase or
Decrease.
I
Inc.
20 00
60 00
Dec.
Inc.
226.288 60
281,380,468 73
l,43a,475,500 42
207,5-t4,093 93
Inc.
225.260 00
Inc. 13,79i,374 75
...1,155.320,235 19
1,168,891,406 44
Dec. 13,571,171 26
$
.1.438.700,703 92
In Treasury.
Totalnetdebt
The foregoing
(interest-bearing
and a net debt
31.
1S99.
1,046.048,750 00
1,218,300 26
Interest.... 88d,i33,953 66
Total gross debt
Cash balance
May
30,
1899
»
—
show a gross debt on June
figures
30, 1899,
and non- interest-bearing) of |1,436,700,703 93
(gross debt less net cash in the Treasury) of
11,155,820,235 19.
Pacific Railroad Debt.
—These bonds are never included
in the official total of the Government debt. To show their
present status we have made the following compilation:
UNLIQUIDATED BONDS ISSUED TO PACIFIC RAILROADS— THEIR
STATUS JULY 1. 1899.
RaUroad LdabilUy.
Name
Raitway
of
Bondt
Int.
1,600.0
»0
West. Pactflc... 1.970.560
81onzC.4t Pao. 1.828.820
Total
*
64.623.512
Oovernment accepted
Sinking
Settlement
wi h
Fund.
Ooverinn't.
$
$
$
36.604,386 9.100.462 58.3*9.053
6,607,468
•12,910,468
31.211.712 l8.iV4.ei8 40.263,006
2,168,864
3,468,103
6,4i»,«63
2,588,60«
6,303,000
27,286,512
Cent.Br.,U.Pac..
TTirough
Paid
by Gov't
Central Pacific. J5.8i6.120
Kansas Pacific.
Union Pacific.
Repaid by Oompaniei.
Wet
Issxud
by Oov't.
Balance
Total.
Due
U.S.
$
$
62.489.506
12.910.458
68.448.'^24
3.768,864
6.423.fl«a
4,2ia,926
82,624,118 27.''9>,070 111,076.780 139.271.860 7.975.780
principal of
bonds— $6.808.000—in full payment of
all
Indebtednesi
Trbasury Cash and Demand Liabilities,—The cash holdings of the Government as the items stood June 30 we take
from the Treasury statement of that date. The net cash
balance given below is the same as deducted above in reachng the net debt.
CASH IN THE TREASURY.
Gold—Coin
1158.622,696 37
Bars
Sllyer— Dollars
Subsidiary coin
Bars
Paper—United States notes
Treasury notes of 1890
Gold certificates
Silver certificates
Certificates of d eposit
(Act June
119,870,'-84
23—$278,393.480 60
416,8«9,480 00
6,070,49892
86,288,24916- 608,288,228 06
36,133,667 lO
912,488 00
00
4,216.16100
470,000 00
1,641, f)60
8,
National bank notes
Other- Bonds, Interest and coupons
1872)
3,618,276
84—
46,898,142 84
paid, await-
ing reimbursement
Minor co'n and fractional currency
31,18892
Deposits In nat'l bank depositaries—general aoc't.
Disbursing ofBcers' balances
244,170 62
73.197.103 23
5,974,8^603-
Aggregate.
79.447,28880
$907,991,138 82
DEMAND
LIABILITIES.
Gold
certificates
$34,897,819 00
Silver certificates
406,086.604 00
Certificates of deposit Act June 8. 1872
21.325,000 00
Treasury notes of 1890
91.618,280 00— $555,226,603 00
Fund for redemp. of uncurrent nat'l bank notes
9,059,437 28
Outstanding checks and drafts
4,013,515 01
Disbursing ofBcers' balances
49,299,055 48
Agency accounts, &c
8,982,05^ 82-71,354,066 69
Goldreserve
$100,100,000 00
Net cash balance
181,380,468 73
281,330,468 73
„
Aggregate.
„. -.
Net cash balance
Net cash balance
In the
in the
Treasury May 31, 1899
Treasury June 30, lS9i
Increase during the month.
ii<roui
public debt of the
is
as
$907,961,138 32
$267,684,093 9t
281,3S0,4B8 73
$13,796,374 76
uur
own oorreaponaeut.j
LiONDON, Saturday, July 1, 1899.
a very hopeful feeling this week in the stock markets; but, except in the American market, thare has been
Very little doing, and even there business is conSned to professioaal operators and members of the Stock Exchange.
The general puolic is holding aloof from all depirtinents.
And without taking account of the Transvaal crisis, which
is still apparently not near solution, there are many strong
reasons vihy the public should continue to hold aloof.
First among these reasoas undoubtedly is the condition of
France. Thenetv Ministry obtained only a very small majority.
And although there are only one or tvvo financial
votes to be gotten, there is some fear that either on these or
on some totally unexpected motion the Ministry may be overthrown. If, however, it survives, Parliament will be prorogued immediately till October or November; and in the
meantime it is to be hoped that it will deal firmly with all
who venture to defy the law.
Apart altogether, however, from the fortunes of the Cabinet, there is a good deal of nervousness respecting the revision
of the Dreyfus case. It is felt that the General Staff and their
supporters are driven now to their last ditch; and in their
desperation it is feared that they may do something in the
hope either of stirring up excitement at home or of embroiling the country with some foreign Power.
Then there is the new outbreak of discontent in Italy. The
state of Italy has been alarming for years, and indeed the
corruption, misgovernment, extravagant expenditure and
misery of the people can have no other result than widespread discontent. But whether we are approaching a crisis
or only another hopeless attempt to better an almost intolerable state of things, nobody can yet say.
In Spain the people and the Government are alike drifting.
There have been serious riots, but they have been put down.
Apparently neither the Carlists nor the Rapubli.;ans have
strength enough to upset a system wnich has led Spain to
her ruin. In Belgium it is not likely tnat any very formidable danger is approaching. Still, the fact that there has
been a wild speculation and a creation of too many new
companies, and that, therefore, financial difficulties are imminent, naturally tends to create a certain amount of apprehension. Moreover, in Spain there is a proposal to tax all
public companies as well as the national debt, and the taxation will fall heavily upon great French capitalists and
powerful French institutions, and altogether is calculated to
make a bad impression upon the Paris Bourse.
In spite of all, however, there is a decidedly better feeling
in Paris as well as in London. No doubt the improvement
of feeling in Paris is largely due to the fact tnat the
heavy selling of the past fortnight has greatly reduced the
" bull" account, and that now the bankers in Pads are lending freely to the Bourse for the monthly settlement at from
4:^% to 5%. A little while ago there were grave fears respecting the coming settlement. Now it is thought that it will go
off smoothly.
The better feeling in Paris has helped to
strengthen feeling here and has also had a reassurring effect
all over the Continent.
In Germany the raising of its rate of discount by the Imperial Bank has helped to steady the market.
At first there was
somewhat of a scare and everybody hastened to borrow all
the money that he thought likely he would need. Wtien the
settlement came on this week it was found that most persons
had overprovided themselves, and in consequence it was
often impossible to lend at 'i%i. The rate in the open market declined to nearly 4;^, Probably there will be a month
or two of moderately cheap money but it is certain that
the market will become stringent in September, and it is
quite possible that the stringency may be greater even than
There
is
;
it
was
last year.
In Austria-Hungary there is a lull after the long excitement, and although it is reported that the Emperor has had
a relapse, there U not as much alarm as there was a week ago.
Respecting the disturbances on the Servian frontier, it is reported that the governments of Russia and Austria- Hungary have decided to use all their influence to prevent any
rising throughout the Balkan Peninsula.
The Bank of England has been doing a very large business in the way of
loans this week at full S%, but the business is very temporary
in its nature. It is due to the usual demands at the end of
the half-year. The fortnightly settlement began on Saturday
The
morning and did not end until Thursday evening.
Stock Exchange Committee a little while ago added a second
day to the mining settlement, making the settlement, which
used to be over in three days, a matter of five days now.
There is a good deal of dissatisfaction amongst the members
of the Stock Exchange at this arrangement; they complain that the committee is composed of very old men past
work and no longer in touch with the real markets, and that
business, therefore, is being seriously hampered by their antiquated rules.
In any case, the settlement falling at the time of the inquiry for the end of the half-year added to the demand for
loans and drove a great many borrowers to the Biuk of England. Next week, however, interest on the national debt
will be paid by the Bank of England, and will add largely to
the supplies in the open market, and it is probable, therefore,
that money will be cheap enough for a few weeks afterwards.
H
:
—
.
.
.
THE CHRONICLE.
114
LXIX
[Vol.
1MPOKT8
While the short loan market was ill provided and compara189*^-6
1898-9
1897*8
89b-7
bills
fact
In
easy.
very
market
was
discount
the
dear,
tively
1,646,350 52,438,9io 56,822,350 56,11*3,610
CmportBorwheat,0Wt.5
general
The
have been discounted this week at 1 15-16^.
20,425,743 17,868,994 18,81.5,590 19,396,630
Barley
12,322,020 12,110,790 14,208,8b0 11,.'528,080
feeling here is that the discount houses and bill brokers are Oats
1,933,950
2,049,855
2,821,045
2,164,980
actiog rashly and are speculating too much for the fall. Peaa
1,694,170
2,164.770
2,377,850
Beans
2,80S422
It
France.
in
dear
comparatively
remain
Money is likely to
45,656,160 44,072,300 49,491.940 36,V60,170
Indian oom
It is growing dearer Ploor
is certain to grow dearer in Germany.
18.492,505 17,153,770 17,156,160 16,777,870
also in Sweden, Norway and Finland. It may become very
Supplies available for consumption (exclusive of stocks on
scarce in Russia, owing to the famine. And you in New Jeptember 1):
York are better able to judge than any one in London can be
1896-7
1898-9
1897-8.
1898-6.
vnieat Imported, owt.51.645,3iO 52,438.910 56,822,350 P6,113,510
what the American money market is lib el j to be by and by.
18,492,505 17,l.=i3,770 17,156,160 16.777,870
The best judges here think that the Bank of England rate Imports of flour
(
Sales of
will certainly have to be raised to 4% before the end of October and possibly may go to 5%. And yet with that prospect
before them the bill brokers and discount houses are taking
home-grown. 30,200,000 12,575,736 22,058,730 13,397,098
1898-9
86,288,478
96,037,240
1896-7
82,168,416
1897-8.
..100,337,855
Total
189^ 6.
408. 8d.
27b. Od.
24e lOd.
4y«r.prioe wheat,-week.253. 7d.
three months' bills at less than 2%.
36s. 4d.
28s. 9d.
25s. Id.
Average price, season.. 268. 3d.
In the meantime the Bank of England has adopted more
It has
vigorous measures for increasing its gold reserve.
The following shows the quantities of wheat, flour and
abolished the very unwise rule which it has observed for a maize afloat to tne United Kingdom:
couple of years past, of buying the metal only through one
Thitweek.
Last week.
1898
1897.
795.000
2,925,000 2,580,000
qrs.. ) rmoricr-nS
broker, and it now accepts tenders from any broker who may Wheat
•'."'^.^'-"^
355,000
260,000
185,000
Moreover, it has raised its price for gold, F. 1. equal to qrf..>
offer to deal for it.
420.000
680,000
780.000
Maize
qrB.
605.000
and lastly it has olfered to pay interest on the gold while in
transmission— a new departure on the part of the Bank of
Bnslluli Financial IQarketa— Per Cable.
England, though one that has long been in use in the Bank
The
daily closing quotations for securities, etc., at Lor oon
of France.
Tne India Council continues to sell its drafts very success •re reported bv cable as follows for the week ending July 14.
It offered for tender on Wednesday 50 lacs and the
fnlly.
Wed. TAurs.
Tuet
Sat.
Mon.
applications exceeded 618 lacs. The whole amount offered
was disposed of at rates a little over Is. 4 l-32d. per rupee. silver, per ounce
2758
27311
d.
27%
27%
27Uie 27 «8
Subsequently 4:^ lacs were sold at prices ranging from Is. Consols., new, 2% p.ots.
1067,« 1069,6 1067ia
1069i8 10638
For account
106Hia 106 14 10658 1061116 10608
4 l-32cl. to Is. 4 l-16d. per rupee.
Fr'ch rente8(ln Parls)fr. 01-27i« 101-20 101 10 01071a 01071a 01C7i«
The following return shows the position of the Bank of Spanish
59i«
59 14
5878
59
48
591a
20i«
20S8
20ia
Elngland, the Bank rate of discount, the price of consols, Atoh. Top. & Santa Fe..
2014
20%
Ba
63
6138
62
62
Preferred
631a
Ac, compared with the last three years:
50i«
49I4
5019
501^
49
Baltimore & Ohio
1896.
1897.
1808.
1899.
74ifl
7414
74
74
74^
Preferred
June 30
July 1.
June 29,
June 2?.
100 ifl
100
Canadian Pacific
99% 100
99%
ii
j(
Olrcniatlon
Pnbllo deposits
Other deposits
Government
securities
Other securities
Beserve of notes and coin
Coin AbuUlon, both departm'ts
Prop.reeervetollabllitles.p.ct.
percent.
Bank rate
Consols, 2H per cent
BUver;.....;.:.
Olearlns-House returns
The
28 226.310
28.263,330
28,485.2.'?0
12.129,236
41.579 874
13.36S.C21
37.927.038
20 226,222
31,651,532
37 9-i8
3
io.o>:o,2yi
1.573.624
45.143,166
13,948,366
S6,373,5«3
26,195.203
86,8«0,503
45 404.660
13.487,403
32.782,260
27,071.277
38,531,607
2^
27 5-l6d.
2
112 15-16
27 9-lfld.
169,861.000
166,902,1 00
HI
107«
money have been
rates for
E-ia
as follows
June
•'
"
"
Bank
Interest alUneid
for deposits by
3 Months.
4 Montht.
6 Months.
6-ie®2^
2 5-ie@2|^
Z^®2 7-U
2«
2
t
8 8-16
16
2
2 5-16
2 5-18
35-16@2
2
28
3n
••
2 3-16
9
1
Joint IHa'ta-
Trade SilU.
BiUs.
SMo$.
??6@2
®2H
4
Stock
At
Mot
Call
Daw
2«
2«
2M
iH
IH
IH
IH
IH
IH
IH
IH
IH
IH
IH
IM
iH
7-lf
2^®2^ imsnH
2M
.
Banks
iH
2 3-16
2
3l>4d.
213,505,000
:
Open Market Rate*.
Zi«ndon.
33 6'*1,486
»7,3k3bll
48 486.256
64 7-16
2
113 11-16
an
48H-16
27 11-16d.
166,897,000
27,f6i,745
10,77f,9aH
17,727.701
15.226.891
1
7-n
June
June
23.
Bank
Bate.
P»rl8
S
BwUn..
iH
4H
*«
HamburK
Frankfort
Amsterdam
..
Vienna
Petersburs
Madrid
Copenhaeeo
4
2H
SM
iH
3
iH
6M
Market
Bate.
iH
*H
8
4
4
4
i^s
4
4
4
4
4
4
3
iH
iH
4
i%
4
iH
3^
iH
iH
4 7-16
*H
Oven
Market
~H
iH
iH
tH
6
Bate.
8
4
iH
6H
Brie,
oom.
22I4
7978
.
do Preferred..
common
Ist preferred
Illinois
Central
& Nashville.
Louisville
Mo. JKan.
&
Tex., com..
N. Y. Cent'l & Hudson..
N. Y. Ontario & West'n
Norfolk & West'n pref
Northern Pacific, com..
Preferred
Pennsylvania
Phlla. ARead
* Phila. ARead. 1 St pref.
•Phlla.A Read.. 2d pref.
Southern Paoiflc
Sonth'n Railway, com..
13%
II8I11
73 1«
12ifl
121a
37ifl
141%
77%
3838
14
3838
38I4
13%
119
7414
142%
14.;%
2714
72»8
5114
2-J4
73
5138
79^4
6936
50%
5114
7938
6958
3138
1738
12
12
5388
5238
45
42%
79
78
22'8
223^
5314
441a
7916
231a
I
12%
79 »«
6978
10%
31%
10%
1038
31
171a
32i«
171a
!
I
14
118%
119
73
69
22
7378
121a
26^8
33
12
!
22
78
73
7858
53
29>4
135
771a
2738
3138
171a
t
22 1«
79ifl
7809
10\
,
29ia
135%
134
22
14
38 14
119
143
5314
2938
I3518
53
7438
12ifl
143
*.i7ia
72%
521a
79%
69%
10%
31%
17%
32%
12
5314
12
45
79
44 19
79 14
237&
231a
5278
CiPammercialattd Wiisctllvtnzous Mtvsa
National Banks.— The following information regarding
is from the Treasury Department.
Open
Marke
national banks
NATIONAL BANK ORGANIZED.
5302.—The Athens National Bank, Athens, Pennsylvania. Capital
1^0,000. Vine Crandall, President; L. W. Eighmey, Vice
President; M. J. Murphy, Cashier. Certificate Issued July
2«
m
3H
SH
iH
ZH
4M
3, li-99.
5203.—The Waggoner National Bank of Vernon, Texas. Capital,
$50,000. R. C. Neal, President
J. A. Henry, Cashier. Cer;
.••
tificate issued
July
3,
1899.
..
a
.
—
6
IMPOBTB AND EZPOBTS FOB THE WEEK. The following aie
3
3
5
6
8
6
3
the imports at New York for the week ending for dry poode
B
5
6
5^
6
f>H
6H
July 6 and for the week ending for general merchandise
Abell write as follows under date of July 7 also totals since beginning first week January,
6
5
5«
Messrs. Pixley
June 29
Bank
*H
iH
*H
4
4
Bank
Oven
3
4
Brussels
Bt,
Bank
Open
Market Bate
Do
St. Paul....
& Rio Gr.
521a
28I9
9.
Bates 0l
Interest at
Den.
29
134 ifl
Preferred
Wabash, preferred
' Price per share.
1«
June
16.
&
Chic. Mil.
& Ohio
Onion Pacific
:
SO.
Chesapeake
Preferred
The Bank rate of discount and open market rates at the
chief Continental cities have been as follows
June
5319
Central Pacific
&
6
6>«
;
rOREION IMPORTS.
Gold- Somewhat intermitteat Continental inquiries have not altogether absorbed supplies, and the Bank has received during the week
£400,000 in bare and coin, while £ 100,000 has been taken for export
Cape Town, £289,000 Vera Cruz, £25,000
to the Cape. Arrivals
Shipments June 23: Bombay,
Chili. £2,000; total, £316,000.
:
:
;
£15,000.
Silver—The amount of silver open speculatively for June delivery
has proved rather heavy, and has been the chief factor in rfduclng the
price to 27iii6d., at which the market closes steady. Bombay price
Arrivals: New York, £148,000; Chili, £12,0u0; total,
Ks. 7058.
£160,000. Shipments June 23 Bombay, £126,000
Mexican Dollars—There is no business to report In these coin.
For week.
1899.
Dry Goods
Oen'l mer'dise
Total
Since Jan.
1898.
1897.
1896.
81,524,273
7,093,507
$1,229,975
8,210,899
$4,429,307
8,372,974
$1,623,956
6,550,214
$8,617,780
$6,440,874
$12,802,281
$8,174,17a
$34,457,201
220,039,835
$49,956,604
179,972,764
$82,723,319
214,862,250
$61,770,103
187,902,078
1.
Dry Goods
Oen'l mer'dise
:
The quotations for buUlon are reported as follows:
Total 2 7 weeks $274,497,036 $229,929,368 $297,685,569 $249,672,180
The following is a statement of the exports (exclusive of
from the port of New York to foreign ports for the
week ending July 10 and from January 1 to date:
BXPOKT8 PBOM MBW rORK FOB XHB WBHS.
specie)
GOLD.
June
June
SILVBB.
I/ondon standard.
29.
22.
London Standard.
1
—
oz
U.S. gold coin... OB
Ctorm*!! gold coln.OB,
Vrench gold coin.oi
Japanese yen....oz
Bar gold,
fine
«.
77
76
76
76
76
d.
«.
77
51^ 76
6 76
6
76
5 76
9
d.
Bar silver, fine.. .oz.
5^ Bar silver, oontaln'g
9
6
6
5
June June
29.
22.
d.
27llie 27^8
do 5 grs. gold.oz 283ia 2839
do 4 grs. gold.oz 28
283,a
do 3 grs. gold.oz 27i3ie 28
Cake silver
oz 2978
Mexican dollars. 02 27i«
The following shows the Imports
3OI16
27J4
of cereal produoe Into
the United Kingdom during forty-three weeks of the new
Beaaon compared with previous seasons:
For the week..
Prev. reported
1899.
1898.
1897.
1896.
$9,554,744
235,885,044
$9,323,722
254,791,816
$6,673,195
206,023,180
$6,871,273
194,179,173
Total 27 weeks $245,439,788 $264,115,538 $211,696,375 $201,060,448
The following table shows the exports and imports of
pecie at the port of New York for the week ending July &
and since January 1, 1899, and for the corresponding periods
in 1898
and
1897.
July
THE CHRONICLE
15, 1899.]
EXPOBTS AND IMPOSTS OF SPKOIB AT
HBW
TOSK..
TmportM.
Exvortt.
gold
SineeJan.l.
Week.
$9,075
$274,150 $25,270,216
$24,842
11,631
37,666
$256",6o6
west Indies
Mexico
Bouth Anierloa
'""e'bo
Ail other coantrlea.
10,000
13,500
Total 1399
Total 1898
Total 1897
\
$9,025,000
7,000,000
3,250,000
5,535,073
28,020
311,927
120,196
Oreat Britain
France
Germany
Week.
4.63i,689
24,354.422
"9,302
SineeJan.l,
$3,087,943
2,883,113
1,115,196
1,215,
234,783
150.724
1,5011
10,551
33S,9a4
2,300
43,124
$7,853,877
68,949,399
2,952,465
SineeJan.l.
Since Jan
Week.
BANBe.
Oapi.
taL
(CDs omitted.)
NBw York
Calonial
GoluBibla
Eleventh Ward....
fourteenth Street.
ftankUn National.
tlldeALeath.Nat.
Some
Vfount Morris
$774,910 $23,244,021
Great Britain
$3,331
$97,667
3,349
1,423.686
GennaDT
""370
West Indies
Mexloo
South America
"3,226
11 other countries.
2,658
Total 1899
Total 1898
Total 1897
23.'^,720
472,137
9.600
55,962
7,896
$781,158 $25,449,022
902,002 22,65'^,135
87-',918 24,581,036
5,120
23,940
12,084
4,969
$49,473
16,393
49,431
469,586
831.711
498.417
25,857
$1,926,487
1,343,H48
1,448,306
Of the above imports for the week in 1899 $6,425 \ver«
Of the
gold coin and $685 American silver coiQ.
exports daring the same time $274,150 were American gold
merican
Banks.
Japital nurpl'i
Loans.
Specie.
N«w Tork
$2,000,0 $1,913,7 $16,080,0 *3,970,0
2,050,0 2,266,0 18.803,0 4,810,0
3,000,0 1,090,6 14,980.3 3.632,3
M«r chants'
2,000,0 3,082,6 13,H81.0 3.322,0
KMhanlOB'
1,600,0 2.786,7 24,033.6 3,979.8
Ajii«no«
243,4
4,967,0 1,404,0
1,000,0
Fkealx
1,000,0 4,683,2 9«,160,5 23,020,2
iij ...«••.*.*•*••
300,0 6,498,4 26,795.2 6,692,4
C|i«mioal
6,392,0 1,132,6
189,4
600,0
KatrohaBti' Bxch'ge
8,25 S,3 1,193,2
1,000,0 1,690,6
•allatin
1,068,7
210,0
80,3
300,0
Butobers'A Drov'rs'
1,996,0
372,0
114,1
400,0
lC*ohanloB'<fc Trad'8'
964,0
104,1
169,3
200,0
•racnwloh
4,838,8
1,835,8
606,4
Mannfac'rs
600,0
LMthsr
3,787,6
841,4
137,8
S00,0
••Tenth..
4,679,3
302.2
614.3
tat« of >,ew York.. 1,200,0
ljn»rloan Bxohange 6,000,0 3,678,9 26,6»7.0 5,023.0
27,301,1
2,13^3
3,686,6
6,000,0
Oommeroe
7,095.6 1,441,0
1,000,0 1,637,3
BMadwar
1,000,0 1,061.8 12,377,8 3,385,3
Kereantue
410.U
3.387,9
487.3
422,7
raelflc
889,6 33,134,9 6.042,2
1,600,0
KapmhUc
6,737,0
983,8
1.023,2
460,0
Chatham
2,130,1
387.3
290,4
200,0
People's
1,000,0 t 607,0 13,620,0 2.56'',3
North Amerloa
42,908,1
13,607,0
1.000,0 11.409.4
Hanorer
4,262,0
920.8
873,9
600,0
Irrint
3.C94,6
556,6
373,4
600,0
Ollueixa'
2,858,3
363,2
472,5
600,0
6.618,0 1,182,7
983,0
piiiton
900,0
SaxkAt
3.976,1
166,4
876,0
Leather
1,000,0
16,010,6
3,326.7
1.738.9
Sxohange
1,400,0
Com
6.967.3 1,608,2
687,3
1,000,0
Oantliiental
400,4
2,046.0
177,0
300,0
Oriental
34.945,0
4.931.0
Importers' <k Trad'rs 1,500,0 6,638,8
2,000,0 8,246,8 46.826,4 13.261.0
1,432,1
229,3
166,4
260,0
est River
3,000,0 3,096.7 25,129,6 6,678,3
Fourth.......
11,862,0
2,470,0
474,6
Central........
1,000,0
7,716,0 1,672,0
768,1
300,0
eoond
3,076,6
348,8
858,7
760,0
Klnth
600,0 7.713,0 40,7P4,3 6,612,9
First
2,096.2
186,9
67,3
H.T.Nat'lExoh'ge.
800,0
8.123,0
461.3
664,4
260,0
BOWMT
3,311.8
649.0
446,0
200,0
New York County..
3,348,0
683.3
306,6
760,0
Oerman American..
1.000,0 1,346,6 42,347,6 P.482,5
Ohaae
8,546,2
1,176,0
2,040.7
100.0
Filth Avenue
2,290.4
262.6
551,2
200,0
tterman Exchange..
3,0«1.7
481.5
767.2
200,0
€hermania
9,996,0 2,564,1
756.8
300,0
Iiinooln
6!i67,9 1,181.3
880,3
Qarfleld
200,0
-^.236,6
608.6
839,0
Fifth
200,0
6.421,2 1.269.6
874,1
Bank of the Metrop.
800,0
3,637,0
381.0
380,3
200,0
West Side
441,3 10,874,0 2,420.0
Beaboard.
600,0
36,982,9
10,104.9
1,031,8
2,100,0
4.438,U
610,2
600,0
First Nat. B'klyn...
300,0
1,300,0 1,103,9 16,344,9 4.204,2
Nat. Union Bank..
a
4, 140,
1.214,9
386,2
Liberty
600,0
341,1
469,9
3,986,1
N. T.Prod.Bxoh'ge. 1,000,0
344,9
3,876.6
360.0
90% I
Bk.of N. Amsterdais
3,813,4
169,8
706,3
860.0
stor
of
ICaiiliattan
Oo
m
A
'.
-
Total
f
68.923,7 77.653.3 793,863,9 1768376
Legale.
DepoHU
$930,0 $17,260,0
2,250,0 22,6»9,0
965,8 17,029,6
648,0 13,736,0
3,013.7 27,206.6
306.0
6,472,0
4,617,2 118,600,9
1,976,6 28,060.0
418,4
6.199,2
544,0
6,811,1
100,1
1.202,5
135.0
2,123.0
206,3
903,5
614.7
5,65.3,4
139.3
3,660,0
317,2
3,785,2
2,594,0 23,660.0
3,483,8 22,1070
180,4
6,679,4
769,7 13,013,3
344,4
3.805.1
653.6 36.260,4
840.3
7,047.6
284,4
3,767,7
747,0 14.195.3
2,'<!54,2
56,477,3
6i»6.7
4,897.0
96,4
3,173.7
206,2
3.296.5
628,9
7.063.7
302,7
4.646.3
1,324,0 17,900,0
400,4
7,3e8,l
321.5
2.018.0
1,373,0 25,044.0
3,231,3 67 260 3
141.5
1,406,8
1,666.9 28 «0l,4
937,0 14,531,0
604,0
9,000.0
234,6
3,638,0
W76,6 40 592,0
464.9
2,315,2
368,7
3,601,0
334.5
3,966,2
361.9
8.366.8
4,629,9 64.193,4
431,1
9,741.4
695.4
3.203,6
447,1
4,586 3
428,1 11.7189
476,4
7,38i.9
116,7
2,402.7
641.1
7.503.3
?,S93,0
349,0
1,038,0 13,;<ft6,0
1,197,4 46.296,9
4,992,0
927.0
476.6 18.080,1
6,168,6
208,8
8,414,6
310,1
4,380.0
164,7
196,6
4,017,6
63,779.6 903.178.9
June 24, 1899.
New Tork
we furnish
aiverside
•Jtate
Twelfth Ward
Twenty-third Wd.
Jnlon 8qaare
rorkville
mentt.
Note*.
9
9
$
9
9
86,5
207,3
124,2
67.1
1.045,3
2,045.0
1.357,1
1.008,9
146,0
16,6
91,0
46,4
12.9
69,1
Boston and Philadelphia Banks.— Below
summary
Brookltn.
724,7
10.6
62.9
112.1
59,9
63,5
28.0
17,3
86,0
14,2
139,0
25.6
33,5
50,0
110,6
19,6
97,5
221,3
87,8
87,6
117,8
32,9
130,7
107,3
134,4
112,4
64,7
311,5
160,3
1,297,3
2.362,4
594,0
2.006,2
1,181,5
876,2
2,100,0
878,3
2.1660
1.177,1
985,6
2.338,9
1,616,8
160,0 131.7 1,193,6
100,0 133,2 1,341,0
300,0 163.8 l,16J,6
30i,l
37,3
100,0
677,3
100.0
67,2
831,3
60,3
160,0
Broadway
Brooklyn
eighth Ward
Avenue
Fifth
Sings County
NaPl
ift3.0
500.0
ifeoh's' & Tradr's' 100,0
^7asaau National.. 800,0
300,0
S»tio»ial City
100,0
SorthSlde
100,0
People's
100,0
3chennerhom
100,0
Seventeenth Ward
200,0
ipTngne National.,
rwenty-slxth Wd. 100,0
100,0
Onion
100,0
Wallabout
Loent.
89***'
L*taU.
$
9
136,009,4
136.578,0
138.576.0
186,676,0
773.310,2
778,868,4
788,884
793.863,9
$
1971679
1940034
1824661
1768276
59,787,8
58,P45,e
68.090.4
63,779,6
88,587,3 198,559,0 19,505.0
88,587.3 198,326,0 19.848,0
88,687,3 200,326,0 20.118,0
36,388,0 143,691.0
36.388,0 146,167,0
35.888.0 146.777.0
'«
Oirtl'n
CUarino*.
*
907.77O.O 13,687,1
tt09,004.8 13,586.6
<0.M27,8 13,683,5
902.178,9 13.624,3
946,738,5
Oeyotiti.-r
6,976,0 235,022,0
7.178.0 339,219,0
7.129,0 M8,434.0
46,249.0
47.649,0
47,417.0
168,866,0
173.671.0
175.271,0
..
.
• We omit two cipher* in all these flyures.
t laoladlng for Boston and Philadelphia the Item 'due to other banks.'
$
,
9
•—
173,7
174,0
262,9
208,2
46,0
26,0
• -••
• --.
-••
14.1
143,3
194,3
61,7
41,6
185,7
108,6
275,0
83.b
99.0
108,8
49,9
499.6
133,0
6rf,o
143.6
76,0
176,6
86,7
*
1.211,»
1.997.0
1,583,0
1,328.1
32.0
26,1
644.6
• >*.
1,428,2
1.863,0
««-
7
57,1
190.6
210,0
-*..
• -•
181,0
22,4
110,0
.---
79,0
626,1
2,117,8
1,338,0
1,335.0
2,317,0
872,8
2,631,0
1,626,6
1,160,3
2,901.9
1,679,0
421 a i.370,4
406,2
197,4
565,3
555,6
107,0
121,4
62,6
70,7
214,0
66,0
3 98U,4
i,t07,8
3,849,0
2,e6l,0
23,8
26,8
64.7
13,0
29.7
42,1
288,4
152,2
26,6
173,0
134,0
10.0
33,6
24,2
11.2
97.4
4,8
86.6
12i,3
41.8
22.1
'-H.d
29.4
416,9
131,9
78,9
186,8
210,9
66,6
68,1
86,8
773,1
189,3
74,8
100,0
9<j3,0
26,3
79,4
75,6
70.9
41,0
32,0
11,0
46,2
53.0
16,6
210.0
81.3
3,6
3.1
....
33,7
1.0
24,4
.*..
....
.
1,296.4
1,607,4
1.339.0
373.4
647,6
860.4
3,13i.3
8,276,8
38.3
61,9
61,3
157,0
100,0 161,6 i,134,0
94.9
119,7
327.9
107,6
2,674,3
480,4
651,1
10,6
20,4
18.8
19,6
103,8
146.8
7
661.4
671.7
1st Nat., Jer. City. 400,0 768,3 4,641,9
Nat. J. C. 260,0 539,9 2,065.6
134.9
89,7
66,6
80,0
98.4
43,5
337,6
74,8
8)3,7
191,8
290,6
874.0
181,3
6,362,6
1,928,4
1,323,0
827,9
1,800,3
BOH. OF QUBENS.
4ae»i:sCo.
(l..l.t).)
66,1
37,4
749,6
851.4
688,3
473,6
1.08 i.4
618,2
305,2
563,8
^61,6
240,0
217,0
47,1
48,1
26.7
7,8
401,0
36.6
6.0
18,6
U.7
Borough of
Richmond.
Bank of Htaten Isl
26.0
1st Nat..Btaten Isl. 100,0
60,4
73,3
OTHKR CiTlKS.
Ca
Hud.
IdKat.. Jer. City.. 260,0 371,1 1,334,1
^27.9
IdNai., Jer. City.. 200,0 200,5
1st Nat., Hoboken. 110,0 123,4 1.637.9
86,1
974,8
Id Nat., Hoboken. 125,0
3H,1
60,6
36,8
24.0
-
141,9
139,9
62,7
...
7,7
413.1
23.3
897.6
Totals July 14.. S,0SS,4 i,eSQ,o b3,844,' 3,720,6 4,oS3.7 8,773,4 3,ojo,d 70,993,9
Totals Jdiy
7.. S,Oi1,4 !>,2S9.0 (>3,q<)b,b '.777<9 J.Q5S.6 7,714,2 3.407,2 70,o62,S
Totals JuiiC 34.. S,0J3,4 S,o62,o t>3.150,4 »,737,3 3,()(>3,i 8,20J,I 2,7iOS m,5io,7
—
Auction Sales. Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. Adrian H. MuUer Son
&
:
Sharts.
75 Title Guar. & Trust Co.. 400
25 No. Amer. Trust Co
161
50 Citizens' losuranoe Co.. .117
1 Parmacheaee
Club of
Oxford Co., Me., $500.. $150
25 United States
Trust
Co
1620tol625
ShartH.
146'8
60 Citizens Nat. Bdnk
3 Produce Exch. Bank... .130%
157^4
20 Mutual Bank, N. Y
66 Nat. Park Bank
502
5 Nat.
Bank
Commerce. 263ifl
of
4151*
10 State Trust Co
50 Internat. Trust & Banking Co
175
Bonds.
$124,000 Great White Sp'rlt
435J4
25 6dnkof America
25 Franklin Trust Co
312
100 Amer. Bond <fe Mortgage
Guaranty Co
150
Co. 6s, 1915, subject to
5 Fourth National Bank. .192
agreement, dated Sept. 14,
40 Mechanics' Nat. Bank:.206
1898
$1,500 lot
By Messrs. R. V. Harnett
Co.:
&
Slocka.
1 Memb. N. Y. Prod. Exc.
$9,700 Illinois Rolling Stock
StOCKt.
$100
36
1,990 B.C.
& At
Ry.pref.... 70
Bonds.
Co. Lease Warrants, Series
B, 69
$3,700
$182,0
ment
The Railr'd EquipCo. bonds, 1900-1902. 70
NASSAU STREET, NEW YORK.
& ROBINSON
FISK
BANKERS
INVESTMENT SECURITIES.
HARTBY EDWARD
GEOROB
FISK.
GBOROE Bakolay Moffat.
Moffat
H.
ROBINMNL
T
M. T. Stock
Axexandbk M. Whitb, Jb.
& White,
...
INVESTMENT SECURITIES
BANKERS
1
NASSAU STREET,
Spencer
11668381
10339449
6.698,0 91.480.7
6.614,0 108.080,2
6 561.0 113,667,8
SO,
De.
poiit*.
44,3
t
11374839
4.898.0 139,703,8
4,881,0 132,183.1
4,907,0 118.363 6
Other
Agent. Bks.Jcc
6,8
13,6
No.
;apttatdk
—^
940.8
4,648,0
2.986,0
857,3
898.6
693.9
433.9
1.020.0
626,7
270,6
696,7
of the
member banks.
Depotit. with
aiear'e
80,0
67,1
97,1
10,0
56,4
75.7
257,1
44.6
116,1
89,4
106,6
93,0
41,6
Member
City,
Banks. Surptui.
Leal
AB'k
Borough op
iediord
weekly returns of the Clearing*
House Banks of New York City, Boston and Philadelphia
The New York figures do not include results for the non
a
Z>)an«<t
Invest- avecU.
100,0
300,0
100,0
100,0
191,4
200,0
200,0
600,0
100,0
250,0
200,0
100,0
100,0
100,0
100,0
200,0
100,0
200,0
100,0
tfeobanics
^e»v ¥ork City Clearing House Bauts.— Statement of
condition for the week ending July 8, based on averagee
We omit ttvo civhera fOO) in all cases.
gf daily results.
Uh—A
Ward.
naea
ilaauiaot'rs'
coin.
aiik
Mutual
^Tlneteenth
Bitr.
pIlM.
Citt.
Borough of
Manhattan.
aamUton
Silver.
Week.
Beports of Non-Member Banks.— The following is the
latement of condition of the non- member banks for the
week ending July 8, based on averages of the daily results
«^« omit two ciphers COO) in all cases.
.+an8evoort
Importt.
Hxportt.
115
27
&
NBITVOBIK.
Trask &
BANKERS.
Co.,
.
.
NE^V YORK.
29 PINE STREET,
Transact a general banking businessi act as Fiscal
Agents for corporations, and negotiate security
issues of railroads and other companies.
Execute
commission orders and deal in
INVESTMENT SECURITIES-
Members N Y,
Stoeic
Hxcbange.
Branch
OfiBce.
07 State
St.,
Albany.
THE CHRONICLE.
316
markets abroad. The volume of business is limited and
changes in rates are unimportant.
To-day's actual rates of exchange were as follows: Bankers'
ilxty days' sterling, 4 84@4 84}^
demand, 4 87j>i@4 87i^
aablee, 4 88(34 88I4; prime commercial, sixty days, 4 833^@
4 833^; documentary commercial, sixty days, 4 b'6}^i@4 843^
grain for payment, 4 84^^ (§14 843^; cotton for payment, 4 83
©a^jettje*
lanfejers^
»l VIDENDS.
Railroads
3
1
II4
.
Day.,
new
yt (qu.)..
Cinoin Portsmouth & Va. pref..
Great Northern pref. (quar.)
Hunt. & B'd r. Mt. RR. & C. prf
2
liOiiisville
lifi)
—
1%
3
& Na.shvlLle
extra
do.
Northern Pacitic pref. (quar.)
Verm' nt Vailey of 1871
^\
Do.
. .
Columbus
Fairh'n
%
Northampton
(Mass.) Ht.
Ky
Glotie
5 to
12 to
Home
Pacitlo
misceUaneous.
American Woolen pref
1%
Daylight Prism, com. (quar.)
do.
Do.
pref
2
Electric Co. of
July
b*
50c.
America
Flat Top Coal Land Ass'n., com,
do,
pref,
Do.
General Electric pref
Harrison Bros. & Co. pref.
Henderson Bridge
1
(qu.).
1\
to
5
]
July
July
July
Aug.
July
Aug.
Aug.
Aug.
July
July
July
Aug.
Aug.
July
Aug.
Prime bankers' sterling bllla op London. 4 85 ®4 85»fl 4 88^4 88%
Pr^iEie commercial
4 83^a>4 83^
!>ooumentary commercial...
4 83i4»4 841a
Paris bankers' (francs)
5 20 a 19)iH 517i9»1613i6
Amst'Crdam (guilders) bankers
3915, fl® 40
4<jie»403ie
Interest
Periods.
20 July 15 to July 20
2s
to
to
to
15 July 10 to July 15
31
to
25
9458^941118
95i4tr9£5ig
—
United States Bonrts. S&ies or Ciovernment bonds ai the
Board include |;10,000 4s, coup., 1935, at 130; |'20,( 00 4s,
reg., 1925, at 130>^: |52.000 48. reg., 1907, at 1.2'^ to ^12%;
July 20 $20,000 5s, coup., at 112^8; $.^2,060 3s, ccup., at lo9 to 109^,
and !irl2,000 2?, reg., at lOlJ^. The following are daily closing
July 10
quotations: for yearly range see seventh page following.
to
Ou dem.
On dem.
I
1
to
On dem
4
United States
1
20 July 10 to
On dem.
Ondem.
3
5
5
Demana.
Sixty days
to
1 July 22 to July 31
151 Aug.
I2I2
3
& Rutgers
1
10 July
Fire Insurance.
Continental
Empire City
July 14
Frankfort or Bremen (reiohmarks) b'kers
Aug.
4
Philadelphia Co., Pittsb. (quar.)
Twin City Rap. Tr., Minn., com.
Aug.
1
lifl
)
to
1 July 16 to
to
1
1
II4
4
(quar
July 15 to July 20
8 July 29 to Aug. 8
1
July
Aug.
July
July
July
July
July
IH
St. R.v
New Or. & Carrollton RR,
10 July 28 to Aug. 9
Aug. 11 to Aug. 20
July
1
& Westv. >iew Hav.(qu.)
to
Aug.
3
831^; cotton for acceptance, 4 833^(94 833^.
Posted rates of leading bankers follow:
10
Sept.
C
ash., D.
tqu.).
(O.) St. Ry. (guar.)....
vN
Holyoke (Mass.)
@4
July
Aug.
Aug.
Aug.
Aug.
Aug.
1
Street Rallivay8.
Capital Tra«.,
;
(!«teaiu).
Central RR. of N. J (quar. )
Ham. &
Books closed.
(Days inclusive.)
Payable.
Atlanta* West Point
Cln.
:
When
Name of Oompany,
[Vol. LXIX.
to
to
31
to
1 July 21 to Aug. 2
1
1 July 23 to Aug.
1 July 21 to July 31
10
to
reg.
coup.
reg.
coup.
July
July
8.
10.
11.
101
101
Moh. '101
reg.
reg.
38, 1918
coup.
38, 1918
3b, 1918, small. reg.
38, 1918, small.. c'p.
reg.
4s, 1907
coup.
4s, 1907
48,1925
48,1925
58,1904
58,1904
July
July
12
101
July
July
13.
14
100% 100%
Feb *108i4 "lOSM *]083f 10838 108 14 10814
Feb. *109 *109
Feb.
Feb- *i08i«
Q.- Jan *112l4 11214
Jan. ni2i2 11212
13014
Feb. *130
Feb. 130 130
1121^
Feb. 'II213
Feb. »1121fi 11212
109
IO914
ib9i2
'112
* 108 is
130
130
•130
*.09
IO9I4
icsifi
'112
112
*112is 11215 1121s II2I3
112
130
130
•130
130
130
1121s 1121* 112i« 'I1213
11212 11288 112H 11212^
•Tbls Is the price bid at the morning board
no sale was made.
State and Railroad Bonds. Sales of State bonds at the
•^^
Board include $17,01)0 Tennessee settlement Ss at 97 to 97i.£
8
to
212
and
|7,000 Virginia fund, debt 2-3s of 1991 at 85 1^ to 863,^.
10
to
3
railway bond market has been rather irregular, in
23.
The
to
10
Do.
do. 2d pref
J
with an unsteady market for stocks. Fractional
sympathy
SO
15 July 21 to July
Quincy Minini?
$6
were
the rule early in the week, but in most cases
declines
II2
1!)
July
Spirits Distrib., 1st pf. (quar.).
20
There were some exceptionally
2 to Aug. 7 recovery has been made.
1 Aug.
Standard Undergro ind Cable... 40 fetk.
15
to
United Zlno & Lead pref. (quar.)
Ji'ly
2
strong features, including Chesapeake & Ohio general 41^8 and
* Two per cent of this is extra.
Texas & Pacific Ists, which advanced IJ^ points; Missouri
Pacific trust 59, St. Louis & Iron Mountain general 5s and
WAIal. STREET. FKIUAV. JULY 14, l>»99.-3 P. M.
The Money Market and Financial Situation.— Last Sat- St. Louis Southw. 2d8, which advanced fiom 2 to 33/^ points.
Several issues advanced a point or less, while JSTorthern
urday's bank statement was construed as unfavorable by the
Reading, Southern Railway, Rock Island genera! 4s,
Pacific,
made
the
basis
element
at
the
Stock
Exchange
and
was
trading
of a selling movement at the opening of business this week, Baltimore & Ohio and Erie issues show fractional declines.
which resulted in a sharp decline in the shares market. A Special activity is noted in Atchison, Central Georgia, &c.
cloEer analysis of the statement and the conditions under
Stocb and Bond Sales.— The f 01 'owing shows the volume
which it was issued, an explanation by leading bankers that of business in stocks and bonds on the New York Stock
the conditions were temporarily abnormal, and increasing Jbixchange for the past week and since January 1.
bank deposits, led to a change of view in regard to the finanr Week ending July 14,—.
Sales
Jan. 1 to July 14..
-%
1899.
1898.
1899.
N. Y. Stock Exeh.
1898.
cial situation and a speedj' recovery in the markets.
$lfi6,060
$43,000
$6,931,920
$4,100,000
Other news was generally of a favorable character, espec- (jloyernmentbondi
24.000
«,000
1,681,800
State bonds
898,600
16,193,500
&mlBO.
bonds.
24,527,100
569,1.:9,600
424,056,510
ially such as related to railway affairs, to crop conditions, BR.
and to the foreign diplomatic situation. Reports of railway
»!6,38a,560 $i4, 576.100
Total
$577,746,320
$429,051,110
2,513,'23
traffic for the first week of July are a surprise to those who Stocks— No. shares
1,441,870
105,i8l,590
55,168,292
Par value.. .,$248, 923,350 $138,245,9^0 $10,24 8,''47,460 $6,321,440,025
thought that such increases as were reported in June would Baiiksbare8,paTyal
12,0^5
$308,450
#116.1(0
not be continued into this month, and also suggest a degree
the following daily record of the transactions:
add
We
in
current
activity
which
is
promising.
permanence
of
-stocks.
Weekending
Haiiroad, die. Stale
U.S.
The money market is gradually getting back into normal July li, 1899. Shares.
Par value.
Bonds.
Bonds.
Bonds.
280,562
$27,718,200
$1,944,500
Samrday
$22,000
Those
informed"
in
regard
who are
to the enorconditions.
547,7.<?5
84,111,500
2,653,500
Monday
72,000
mous shifting of funds incident to the half yearly settle- Tuesday
397,579
39,268,400
1,948,000
6,000
1,56a
537,453
53,353,700
ments, and the other influences acting this season to disturb Wednesday
3,301,500
17,000
30,500
416,009
41,207,400
2,817,500
the money market, will not he sui prised at the high rates for Thursday
334,695
33,264,150
8,529,500
1,000
21a
Inteinat'l Steam Pump, pf. (qu.)
Louisville (Ky.) Gas
Mexican Teleg. (quar.)
N. Y. Mutual Gas Light
Omaha Water 1st pref
1^
;
—
—
A
money which have
prevailed recently at this center.
feature of the situation at the moment is firmer money mar
kets abroad and an advance in the Bank of England's discount rate. Notwithstanding this fact no shipments of gold
to Europe have been made this week, and the foreign exchange market has been relatively steady.
The open market rates for call loans on the Stock Exchange
daring the week on stock and bond collaterals have ranged
from 8 to 7 per cent. To- day's rates on call were 33^ to 6
per cent. Prime commercial paper quoted S}4 to 4^ per cent.
call
—
40,000
rrlday
2,513,023
Total
The
sales
Listed
shares.
16,549
Saturday
80,964
Monday
Tuesday... H',050
Weda'sd'y 3',B72
Thursday., Si9,7l3
Friday .... 2 5,118
.
.
.
$24 i-,923,S50
16.193,500
$24,000
$166,060
on the Boston and Philadelphia Exchanges were
-Boston.
Unlisted
shares,
P,816
Bond
sales.
:
Philadelphia.Listed
Unlisted
Bond
shares.
SU,3?6
.«i,989
17,8;i8
17,000
10,900
9,443
6, 40
7.138
162.597
208,986
114,495
£8,600
11,423
13,279
20,198
9,511
11,456
shares.
21,787
15,815
20,193
19,343
27,547
>i0,969
sales.
$8?t.700
82,316
103,400
62,300
69,400
123,600
61,865
663,014
614,715Total.... 155,766
71,856
126,050
The Bank of England weekly statement on Thursday
showed a dcrease in bullion of £96 613, and the percentage
Railroad and Miscellaneous Stocks.— The stock market
of reserve to liabilities was 41-39, against 41 "25 last week; tne was decidedly weak on Monday under the depressing effect
discount rate was advanced from 3 to 33^ percent. The Bank of Saturday's bank statement. The active list declined an
shows an increase of 8,975,000 francs in gold and
a decrease of 6,775,000 francs in silver.
NEW YOKK CITT CLEAEING-nOUSE STATEMENT.
of France
1899
July 8.
Capital
58,922,700
Surplus
77.65:^,300
& dlao'nts.
793,852,900
13,624,200
Circulation
902,17 8,900
Het deposits
176,827,600
Bpeole
53,779,600
Legal tenders...
230,*"07.200
Beserve held
225.544,725
Legal reserve
Loans
SnrRlaB reserve
Differen'tfr'm
Prev. week.
1898.
July
9.
1897.
July 10.
59,022,700
75.641,900
89.022,700
Inc. 6,968.900 633.^.75,300
533,766,600
13,782,900
607,682.500
90, 05,200
102,776,800
193,282,000
151,920,625
luo
40.700 14.620,400
Dec.2.Q48.900 758,068,000
Deo.5,6S8,500 1><0, 498,700
Dec 4,) 10, 800 62,363,600
Deo 9.949,30(T|242.862,300
Dec. 737,225 189,517,000
5.062,475lDeo.9,212.075
53.345,300
74,8:^0,900
41.361..375
Foreign Excliange.— The foreign exchange market has
been somewhat irregular, owing chiefly to firmer money
average of about 2 points, with all classes of stocks participating in the movement. The tone improved on Tuesday
and a general recovery began which continued through
Wednesday, carrying nearly the entire list up to the best
quotations of the week. Thursday's market was hesitating
and irregular, many issues closing somewhat lower than on
Wednesday, and to-day the tendency was downward.
Railway news was generally favorable, but the local traction stocks were weak on rumors of prospective labor
troubles. New York Central and Pennsylvania have retained a large part of the gain noted last week. Chicago &
North Western and Northern Pacific were strong features,
The
ttie latter (ex dividend) closes higher than last week.
miscellaneous list was generally steady, although New York
Air Brake fluctuated over a range of 33 points and Consolidated Gas a range of 1% points. Federal Steel was strong
on reports that funds for the dividend will be set aside pending a dissolution of the injunction now in force, and General
Electric advanced on limited transactions.
.
,
.,
.
...
.....
..
.
.
.
July
THE CHRONICLE -STOCK
15, 1899.]
New York
Stock
Exchange—A
.
PRICES
18
10
•18
19
•41
ao?6
43
•41
42
2iH
61H 62%
49
49M
78% 73H
116
116J«
•82>< 84>4
•73
90
e4M
5454
•117^ 118
61%
47)i
48
48
78M
73
115%
•39H
34H
•075^
54)4
98H
54^
117
52M 58«
88^ 29^«
138H 137>6
67^ 57^
74^ 74H
14H 1*%
992
•68
ISO
60
48%
52)4
134)4 136)4
•56
74
92
14
•89
69
30
68
30
•9)4
•30
•39
40
181)4 138^ 12996
174
175
1175
160M 160)4 159
•103
19S •198
117W 11594
•106 lOS
106
•176 190
•175
15
14%
•14M
47
46
U6H
98H
57
«39
11
41
•37
58?i
117
27H 88%
09«
•06
•0
•37
•4
•16
•6
75
'8
73)4
1494
91
121
14
•88
68
3C94
10
40
5%
44« 45
17
117
123^ 124
•168
82
22
77% 77%
21H 21?i
5
•3
•0« 12
•13« 14
•3
•9)4
•13
86«
20« •18
38
•18
•39
•88
SI
38
•39
40
86
31
82
26)4
•24
172% 178X 170
•21
24
«58)4 58)4
116)i 116)4
12)6 12)1
40)i 4M)4
•18
13
3H
119)4
12
8
4)6
•18
•35
19
50
•16)i
73)i
179i
73?s
•800
•68
210
72
71M T2%
118)6 120V,
824 324%
I14«
•55
59
14H 14^
3X
3)4
•64
55
90
•86
•66
00
27
67
•12)4
349i
45>s
13
594
76H
21H
4)4
11)4
14
38)4
20
40
il5
494
43
{1694
118
5896
•73)4
V41
124
191)4
•30
•9)4
•30
57
57
14?6
91)4
68)4
31
991
42
42)4
13294
175
161)4
U1796 117H
52%
137H
67
67)«
73)4
•73%
14)4
190
1494
47)4
108
190
14% 15
107
•176
S4S91
98)4
11
41
•3
9)4
12
14
•13)4
37
37%
•37)4
•82
31)4
5
12)4
14
3754
40
85
4594
58
69
5
4)4
44
44)4
17
17
123)4 124)4
169 169
31)4 2194
7594 76
21)4
1496
91
•88
68
68
31
3194
10
10
41)4 43
131)4 132%
•174
176
161
16196
•98
58H
100
•8
•3794
•4
•
46
85
52)4
28>4
136)4
<198)4 198)<;
118)4 11696 117%
15
4)4
98!^
549*
5496
1494
4'
43)1
116)4 16H
122)4 123)4
168)6 168)4
2196 319s
76
76)4
20)4 21)4
•3
5
•9)4 12)4
S13)4 13)4
<43h
37
37
oJ
42
60% 61%
48)4
48H
§72)6
7-^iK
26)4
171
12)4
49)4
13
8
19
60
1694
18)4
73>,
73
4)4
170
21
•56
115
12%
48)4
10
7)6
•3%
•18
•35
\8U
26)4 •34
170)4 1170
26)4
33
58
68
116
115%
28
58
11696
•12
12)4
24
12)6
49
49
49
14
7)4
•3)4
7)4
«)4
7)6
4)6
•18
•35
19
19
50
18)4
•68
7094
14)4
•3)4
19
50
20
78
210
73
14)4
14)6
3%
54)4
6t9
55
9094
25)4
9094
8O94
91
26)4
6796
1294
83% 33%
4494 45%
34
45
67
40)t
13894 139)4
13894 13S)4
14
•65
12)4
13)4
•68
7;i
34)4
14)4
8)4
54)4
86
'65
12
4U
14)4
396
31)4
•39
26
68
12
•68
32)4
3%
U196
32)4
Do
pref
Ba]t.&0.,tr.rec.all Ins.pd
Do
Do
Do
pref.
9791 ("Canadian Paolflo
54
54)4
Canada Southern
X1169411694 Central of New Jersey ....
6196 S196 Cent.Pao., Speyer&Co.ctfe
28
28)6 Chesapeake & Ohio
13594137 Chicago Burl, ft Qnlnoy.
Do
righta
67
57)4 Chicago Consol. Traction
57494 7494 Cbloago & Bast. Cllnois.
Do
pref.
14
14)4 Chicago Great Western...
90)4
Do 4 p.c. debentures.
68)4 68%
Do 6p.o. pref. " A"..
32)6 3.%
Do 4p.o. pref. "B"..
10)4 10)4 Chlo. Indlanap. St Louis'?.
42)4 44
Do
pref.
75
193
11674
117% Chicago Rock
107
190
98
19
Do
Do
14
•10
49
14
19
50
1996
18)4
19)6
7894
76
'800
70
91
91
34)4
47)4
42
41
13H
138)4 140)4
•13
14
72
•(55
32)4
•32
75
84
9094
3694
13894
13),
•63
25
65)4
12
69
12
35
49
45
12
13)4
72
34
•212
220
17 Jan
4 3)4 Jan
Kanawha 4
Lake Brie 4
Do
.
.
••
220
|««
7094
40)4
'210
36
2696
21
71
20)4
6996
21
20)4
7091
70
21
71
48% 50 x48%
7694
76H 77)4
4-^
•39
•39
73
§37)4
'84
•57
63% 58%
88
134
54
•85)4
* Tlteie
77
37)4
90
60
13596
54
87H
76
•38
•83
55
5096
7796
43
76
134)4 136)6
52)4 5394
87
J85
Street
Railway.
Bid.
no
Ask.
NBW YORK
CITY.
Bieaok 8t 4 Ful F-8tock.
38)4
1st mort 7s 1900... J4J 102
B'way 4 th Ave— Stock. 230
Istmor 68 1904... J4D 105
tdmor 5s 1914.... J4J 115
Oon 5s 943— Se« Stock Bzchl
BwaySu' Ist5agn.l924 115
'd 5i Int as rental. 1905
antral Crosstown— Stock
6s 1922
M4^
^ 1st
Oiii Pk N 4 B Riv— Btocl
M
105
250
41
104
240
108
117
1st.
120
106
270
n26
100
5111
106
113
50%
7'7%
Mexican Nat'l tr.
Michigan Central
Minneapolis
Do
Do
3,600
8,183
.
-
.
^
„ „82
sale*
4fc%
21
71
61
77
7794
70%
41
75
55)4
75
•38
•84
•55
186
55
87
•85)4
61
137)4
•85)4
2H)6
21
on
ttau i»3.
68
13
3598
17)4
49%
44
44
4
St.
Louis.
1st pref
.
8d
pref.
St. P.
Do
50)6
77>6
40
•75
77
•38
40
•34
90
•K6
60
18596 137
51
54
New York 4 Harlem
N Y. Lack. 4 Western.
N. Y. New Haven & Hart
N. Y. Ontario 4 Western.
Norfolk 4 Western
Do
pref.
Nor. Pac Ry., vot. tr. ctfs.
Do
pref.
13691
65
86
87)4
Do pref., vot.
PaclUc Coast Co
Do Ist pref
Do 2d pref.
Plttsb. Cln.
Less than 100 sharee.
Street Hallways.
Ask
Bid.
Chrtst'p'r4 lOth 3t-Stock 170
Col4 9th Ave Ss-See Stock Bzcb
176
Dry D E B 4 Bat— Stock.
Ist gold 58 1933... J4D 115
F4A 108
Scrip 58 1915
380
Eighth Avenue Stock.
108
Scrip 6b 1914
400
Fer—
Stock.
42d 4 Gr et
84
42d St Man 4 St N Ave.
Ist mort 68 1910.. M4S 117%
96
3d lueome6s 1915. J4J
Lex Av4 Pav F 58-S«« Stk Bxch
I
.
.
I
Mptropol'tan- .<»^»
fltoolr
17,546
10,075
8,613
80,875
0,194
500
830
50
tr. ctfs.
May
Do
t Bz
Chic
4 St.
Wiohl
175
l8t.
190
106
400
420
88
118)4
99
[St.
Int.
L.
dlT.
and
Wtreet
Railway.
—
—
8%Jan
591 Apr
U
11
3(
14
—
.
Apr
16)4 Jan
9
.
Dm
Dm
Feb
Oct 159
81%Dm
7196DM
8%Apr
23)4Dee
3?6Ang
19
6
5
11
S%Dm
894 Aug
Apr
Apr
16)4Feb
4396Feb
29)4Apr
21^Feb
May 4196DM
Jan 72)4DM
10 Mar 1894NOV
36 Aug 40 Not
J 15
Nov 38 Mar
10 May 17)4 Dm
15)4 Apr
22
40
2b
18 +123 J'ly 180 J'ne
31
40)4J'ne 50)4NoT
Jan 28
8)4J'ly
7%Dm
27
27
33
28
96 Apr 11696DM
7)4Mar 11)4Dm
25 Apr 42)4Dm
Mar
15
22
Jan
5)4 Feb
6
16
1
3
16
18
20
3
8
4
5094
Nov 114%Feb
22
22
19
24
30
32)4May 15
65 May
26 Jan
1
30 Mar
6 195 Mar
S
61)4Jan
93
140
10
40
Apr
Apr
4
S
J'ne
4396NOV
1494N0V
4
7
5
8O94DM
694NOV
896DM
27
27
42 Jan
22)4Jan
41)4J'ne 9
85 J'DC 13
8
Dm
6MJ'ne
14
6
22
30
38 May 11
84)4Apr 18
Ask.
180
3696 D«e
Dm
9
9
25 Mar
3 12594Apr
7 179 Apr
7 2696Apr
80 Apr
1
23)4Jan
129)4Jan 37
1108 Jan 19
1896Jan 8
l796Mar 17
6196Jan 6
4396Jan 7
73 J'ne 1
33 J'ne 2
6894J'neie
Bid.
mort 5s 1909. .M4N
1
5%0ct
Apr
8
4
2894Mar
22 Mar
Dm
8
25)4Dm
Jan
15 May
5
30 J'ne
25
12 Oct
27
53 Oct
12
24 17094Jan
40 Jan
4
44 Apr
7
90 Oct
13396Apr 3
269 Mar 28 125)4Mar
16)4J'nel4
58 J'ne 6
4%J'ne
17)4Apr 27
%Dec
4%Apr 26
99)6MaT
116 Jan 24
62)4Apr 28 24 Mar
84 May
101 May 1
46 Mar
98 May 6
6)4Mar
37%May 18
71 May 19
14%Jan 30 10 Apr
1
109
Consol. 5s, 1948.. .F4A 180
Sixth Avenue Stock. .... 203
Sou Boulev 58 1945.. J4J <112
So Fer Ist 58 1919. .A40 «110%
Third Avenue— Sfe Stock Kxchl
88th & 29th 8t8 Ist 58. '96 {ii4
Twenty-Third 8t— Stock. 390
Deb 5s 1906
J4J 1C6
Union Railway— Stock... 190
Union Ry ist 5ii •42.F4A 118
1st
20
3 May 9
16 Mar 2 18 J'ly
32 Jan 2f 32 Jan
1494J'ne 9 22)4Jan
60 "Jan
78 J'l7
208 Jan
196)4Jan
85 Apr
58)4Jan
63 Mar
7294J'ly
170
196
00%Jan
68 Deo
09 Dee
Dm
58)4Mar 17
5)4J'na
18% J'ne
34
Jan
83%Ang
83 An«
Dm
316
50)4Ang
65)4Dm
130)4 Jan
19494Deo
7)6DM
l%May
Dm
Dm
118
8894 Deo
100
78%Deo
7 Mar
14)lJan
41
Jan
46)4Dm
24 Nov 32)4Feb
il67)4Jan }180
1
89 105 Mar 124%I>M
ll96Mar l694Jan
33
73 Feb 76 Jan
23
28 Mar 40MJan
23
14 1320 Jan 1352 Oct
138%Marll 1120 Apr 5128 NOT
332 Apr 20 ll78)Uan 801
28%Mar 27 1394Apr 19%Dm
11% Apr 1096DM
8291 Apr 27
71)iJly 5 42%Mar 63%D«e
19 Feb 44)4Dm =
55)4Feb 16
81%Jan 86 66%Mar 79%Bep
86%Jan 61%l«c
68 Jan 83
77 J'ly 6 65)4Mar 78 Not
«8%8ep
3494J'ne
61 Jan 36
70 Dec 01 J^e
90 Feb 20
57 Nov 60 Bep
6794Feb 21
142 Jan 33 11094Mar 123%De«
38%Jan 63%De«
88 Jan 83
67 Mar 84%Da
03 Jan 88
vxqy,^).—S2REE1
Ninth Avenue Stock
Second Avenue Stock.
15
24
28
25
17
22)4Jan
17
Dm
Dm
Before payment ot aumU 1
t
rigtata.
83
Apr 28
2
69,812 122%Jan 5
1,820 43 May 11
201 80 Feb 10
pref.
Sep
40 Apr 66 J'n«
103 Jan 113%Feb
Ol4Feb 18 Ang
71)4 J'ly
86 Deo
28 Mar 54
30 Apr 33 Not
7 Feb 11 Jly
23 Apr 38%jny
83)iApr 18094De«
140 Apr 166%Dm
113)4Mar 143)4De«
163 Jan 191%NoT
80 Mar ll4%De«
65 Mar 94
il48 Jan 170 Nov
4)4JaJt
096Mar
23)4Jao
37)4Aaf
25 Ma.- 47)4Au«
77)4Mar 97 Deo
ll)4Mar lOXJan
43 Nov 53)68ep
'
_
Jan
J'ly 12
68)4J'ly
Pennsylvania
87)6
9
30)4May 31 42%Apr
38^J'ne
53)4 Apr
32 Jan 8 4994Apr
176 Jan 8 5185 J ne
37,145 12194Jan 3 14494Mar
200 13 J'ne 29 1991 Jan
65 Mar 7 70 Jan
200 29)4May 24 41 Jan
i360 Jan 25 S390 Mar
Moblle4 Ohio
Morris* Bssex
(GivBif at foot of 7 consecutive
—
Feb
5,970
152.190
3,300
pref.
8696
21)4
71
5191
78)1
40)4 Or.RR.4N.Co.vot.tr.cfB.
21
46
6
695
1
Jan
^15 112 Jan
.
1,000 36)4Jan
97)4Jan
1.310 73)4Jan
370
894Jan
300 39 Feb 10
600 ll94MaylO
recta...
Missouri Paciflo
820
70%
40
90
60
i
8
4
. .
4 S. 8. Marie.
Do
pref.
Mo. Kansas 4 Texas
Minn.
35
318
26
26)4
•3w)4
40
75
40
90
136
54
OUTSIDE SECURITIES
_
2691
21)4
71)4
75
40
;
36)4
21
71
50)4
77)4
40
•38
•84
•67
90
57
are bid and asked prloes
220
'210
3.^94
5094
•85)6
220
26
44
78
40
90
60
1S7
136
•210
27)4
»77% 77%
•40
•74
•38
•84
•57
819
8
16
7
794 Jan IS
7 Mar 15
•••
, .
•814
14
82
2,260
pref.
Lake Sh. 4 Mich. South
Long Island
13
29 Apr
64)4May 13 60)4Apr
4,095 110 J'ne 1 122 Jan
900 10)4Mar 7 18)4Apr
860 42%May 31 51)4Feb
pref
Western.
J'ne
6
Michigan...
4 Gulf..
Do
15
142)4Jan
100
794
pref.
Ceokuk 4 Western.
Jan
34
76)4 Sep
17)4Mar
29
27
l22%Jan 27
lC994J'ne27
182 J'ne 29
25)4Mar 27
56)4Mar 27
Mar 38
49%Jan
138)4 13991 \i Y. Central & Hudson..
1^ N.Y. Chic 4 St. Louis.
•13
11
•65
Do
75
Ist ^ref.
•31
Do
34
8d prer
139%
31
Do
4
55
129s
35)4
4896
100
200
, .
14
67%
. ,
prof.
.
111
55
2696
36
70
2,6 8S
l-owa
c
Central..
210
74
894
9094
12694
•67
182
78%D««
85%Mar 136)4Dm
1
40,625
71)4 72)6 LouisvUle & Nashville.
118)4 180
Manhattan Kley.,oonsoi 1B9,455 97 Jan
etropoUtan Street
19,694 i8794Jan
221)6 22391
•15
189 14 Apr 2S
15^ Met. West Side Bl. (Chic.)
Do
56)4 57
pref.
44)4May 6
, „^^
Mexican
21,968
Central
6 Jan
1494 15)4
7
72
72)4
11796 11894
820
82291
15)4 15)6
556
58
15)4 15%
•3)4
Pere Marquette..
an. City Pitts.
•18
•35
74
.
79)tD*o
18
70%May
12%J'ne 28
33)6J'ne 31
pref.
4
Apr
16)4May
Keokuk 4 Des Moines
19
60
•70
4 Terre Haute
J'ne
794Jan
2d pref
Do
7)4
•3)4
16
68%Dm
81 Oct
68 Oct
35 Mar
25 Mar
63 May
72 Apr
44)4Mar
83)40ct
6896Apr SO
419lJ'nel6
60
l,6t0
May
126 Mar
809(Jan
9691Feb
73)4Feb
22 3796Mar
6 12)4Apr
49 Apr
13396F«b
175%J'ly
86 Mar
-. 2C0 J'ne
1,531
3
Ist pref
3994 HvansT.
85
6
5)4 J'ly 14
4)4J'ly 18
1
6,975 106)4Jan
1,400 157 Jan
9,155 18)4Jan
4,726 68)4 Jan
1,500 13)4J'ne
Erte.
3894
f
3,400
360
21)4 Des Moines 4 Ft. Dodge.
5
Dul. So. Shore 4 Atl
Do
12)6
pref
49
306
202
.
14
Feb
7
,
13
7
63%Apr 10
10 1029lJan 26
J'ly
5 1694 Jan 26
9
el. Laok. 4 Western.
168)6 168)6
21)4 3196 Denver 4 Rio Grande. . .
f596 75)6
Do
pref.
•3
•9)4
Apr IS r«&
Jan 40MF«b
lOMApr 19)Jd««
67 Feb 23
22%Mar 6294DM
7596Apr 12 *1296Jan
7294DM
S7)4J'ne 28
131H 122)4 Delaware 4 Hudson
49
78
210
.
.
12)4
77
& Pac.
& Om..
pref.
1591 Chic. Terminal Transfer..
49
Do
pref.
58 OleT. an. Chlo. 4 St, L.
100
Do
pref.
11
CleT. Lorain & Wheeling.
3794 41
Do
pref.
6
Colorado Mid., vot. tr. otf s.
15)4 15)6
Do pref. Tot. tr. ctfs.
4)4
5
Col. 4 Sou., listed May 24
44>6 44)4
Do
Ist pref.
do
•16)6 17h
Do
2d pref. do
12%
794
4)4
1»
35
Isl.
Do
23 Hocking Valley
•56
58
Do
115)4 115)6 Illinois Ceulral.
5794
•3%
Paul.
15
4794
57>6
80)4
Highest,
I
11
34
24%Feb 23
9
5fi96J'ly
5994Jan
11294Jan
19,638 13 J'ne
30 8394Jaii
610 5094Jan
996 28 J'ne
760
794Jan
1,000 31 Jan
131,582 120%Jan
847 166)4Jan
5,310 14 1)4 Jan
29 188 Jan
56,561 107)4May
1,050 91 Feb
170 Jan
4',»36
7)4Jan
4,650 36)4Jan
8,685 4 2% Jan
150 94 May
pref.
Chlo. St. P. Minn.
17)4Jan 14
43)4May 23
8
376
•21)4
115)4 11594
12)4 12H
7)4
2,590
pref.
107
175
Apr 29
May
May
5%May
& North Western.
Do
198
Lowest.
61)4Apr 12
67)6J'ne31 79)4Jan 87
779lJan 3 137 Apr 15
30)4Mar 24 35 Feo 4
69 May 9 78 Jan 14
8496Mar 15 99)4May 31
50)6J'ne 2 70 Jan 83
97 Jan
8 18294Apr 22
T4594May 9 1I5894May 17
9394May 31 31)4Feb 2
124)4Jan 7 149)6Feb 18
1,300
3,596
6 9?0
75,890
96,400
90
St.
14
86
43%J'ne 32
10
.
131% 131% Chicago Mllw. &
3 82
500
.
174
174
Do
160)4 leO)4 Chicago
Highest.
17
6096Jan
66)4Jan
13,827
203,176
•9691
.
23
10
a",
Do
pref.
Ft. W. 4 Den. C, stamped.
•24
26)4 Ft. Worth 4 Rio Grande.
xie8)4168M Great Northern, pref
r'nB.4W.,debt cf8."A'
Do debt certf s. " B "
26)4
170)4
49
new.
.
3994
*S2
85
67
38,520
290,326
pref
11396 BrooUrn Rapid Transit.
34H Baffalo Booh. & Pittsburg
Jill
111
64)4 56)4
65)4
91
47
•38
41
13694 138)4
12
1591
12
34%
3494
4694
24
170% 170%
74
79
76)4
•200
210 •206 210
•67
75
J69)4 70
71% 7094 7196 71)4 7294
116)6 119% 116
11996 118)6 120
223
31894
22194 221
223)4 22594
•15
1594 •15
1591
• 1494
1191
55 59 55 57 •55 57
200
12
14
70
•24
pref.
Topeka & Santa Fu.
2v)6 Atoh.
Lowest.
Stockti.
AnnDoArbor
19
•41
1996
3694
40
•39)4
Railroad
Bange/orprtwi'
On basis of roo-sh're lots ous year (1898),
o/the
Week.
Shares
8
4
11
41
6
1494
496
14.
•73
73
194
6
5
68%
73
57
73)4
991
4394
1694
6194
183
14X
14)4
91
67)4
3094
2G)4
28
136)4 13794
7494
•3
•13)4
537
52%
20
67)4
.Friday,
Jm/;/
18
10
42
4894 4894
72)4 72)6
11194 114)6
32)4 34)4
28%
121)4 123H
168)4 168)4
21)4 21)4
7494 75h
2094 21
85
•35
90)4
25)4
•66
4%
40
84)4
08)4
5494
13094 13194
S174
174
82
•3)4
•18
64
34%
40
994
•40
75
•9794
54)4
68)4
66%
4
24
56)4 67
116
8
•7)^
«67)4
3094
8094
62)4
•73
118
•18
•41
Bange for year 1899.
Sales
STOCKS.
W.Y. STOCK EXOH.
Flint
57
•24
5694
10
42
48)4 4894
72)4 72H
115)4 11694
32)4 34)6
42)6
13196
175
174)4
159% 160 161
180)4
•194
188
198 •194
116% 116 117)4 11796
106
106
105)4 106
•175
190
175
190
15
1494 1594
1494
46
47)4
45)4 46
57)4 58%
58)4
58)4
90
J9894 9894
98)4
•8
•8
11
11
•37
37
41
41
13194
43)4 43)4
•17
17)4
121)4 12294
16-)^ 168)4
8094 21)4
Z7494
21
30)4
72)4 72)4
114)4 116)g
•32)4 34)4
•73
75
9794 0794
53 54
11694 117
5l»i 53
2794 39)4
134% 136)4
57
74
6
17
1994
•18
•41
20)4
6194
10
42
209i
61?4
•73
75
09
•18
•41
19%
59M
nSH
Wednesday Thursday,
July 13.
July 12.
Tuesday,
July 11.
117
1.
Weekly and Yearly Record.
Daily,
aiOOKa—HlGHBSI ANB LOWEST 8A.LB PRI0B8.
Baturd fy,^ Monday,
July 10.
July 8.
Page
(2 pages)
AU asMMmente paid.
RAILWAYS,
S^treet
Railways.
dec.
Bid.
Westohest 1st Ss '43. J4J JllO
.
Asa.
114
200
110)4
122
220
114
112%
Ist.
116
400
108
200
116
BROOKLYN.
Atlan. Ave., 1st
Con
68..A40 «107
lOP
118
94
95
113
97
x248
261
118
A40
5b g 1031
J4J
Impt 58 g 1934
B. B. 4W.K. 58 1933.A40
Stock....
Brooklyn City—
J4J
Consol 58 1941
BklynCro88tn5slb08.J4J
BkinHitalsl 68 1941 A40
116
105
104
.
-.(
..
.
...
THE CHRONICLK-STOCK
118
prices
BTOOKB-HieHSBT AND L0WS8X SALE PBlOBa.
Saturday, Monday,
July 10
July 8
•«1
60%
84K 34H
38>6
•78
80
•4
69)i
83«
•33
79
•4
4H
•42« 45
•12^ 13
10^ 10«
•70>^
87)4
11.
•20«
60)6
81
61)6
34X
3494
S0« 20%
22
62
•33
ruMday,
Jm/i/
•42)6
•18)6
•10)6
»7l)i
74
37
37?<
18H 18%
SiH 3i9i
13X
83)4
•52
•53
61
sm
40
33
79
S80
•4
4)6
46
13
4)6
47
•12)6
31)6
11«
115*6
siH
•70)<
37
{18)6
88)6
•51)4
21
187
32X
188
20
40
68
68
•187^ 140
•67)6
44H
43)6
'37
•7M
•7)6
8)6
21)6
8296
9
77%
8M
23
«2H
•9
e%
8%
55
•50
84% 24% 24!^
•51
16
16
S54
54
53
•111
114
•110
110
61
16
61
•92
•30
•137
40
140
15)6
37)6
13)6
31%
65-
32)6
§3
•8%
•50
•24)6
•15
55
25
15)6
58)6
63
4396
7796
7Si
23)6
9
54
25
1596
63)4
3496
84)6
21
81
31
60)4
Reading, voting tr. otfs.
780
61)4
34)*
61)6
3494
Istpref., vot. tr otf«.
19,855
8,0 70
45
46
12)6
13)6
•13)6
10)6
•70)4
37)6
13)4
31)4
53)6
14
12)6
14
10)6
10)6
70)6
•37
10)6 St. L. & 8. Ft., vot. tr. otfs
70)4
Do
1st pref.
87%
Do
2d pref
14
St. Loola South western. .
Do
3694
pref.
78
4
7994
4
*H
10)6 11
71)6
87)6
1896
3494
32
'103
71)6
8794
8596
56)4
104
8296
ll«
1194
52),
23)4
185
195
20
40
67)6 68
7%
23
15)6
5396
3794
1394
35)4
Do
Do
46
St.
33
11)4
51
2296
61%
23)4
192
195
30
40
8%
'
50
1596
63)6
1594
53)6
200
2d pref.
100
Do
68%
69)6
Do
pref
43% Union Paolflo Ry
7796
Do
...pref.
23)6
8
2396
•894
9
•7H
•50
Twin
Do
Wheeling
Do
Do
55
15)6
63
City Rapid Transit.
Wabash
84% 21%
1894
63)4
.
pref.
43
76)6
9
pref., vot, tr. otfx
23)4 ''PexasA Paotflo
i- hlrd Avenue (N. T.).
198
20 Toledo St Ohio Central. .
40
1,626
8,385
31,225
100
pref.
Do
52
500
630
Psal& Dolnth
32)6 Southern Paolflo Co
IIH Southern, voting tr. otfs.
'
64
54
85
Istpref.
Do
88)4
1194
"25*6
pref.
St.J.Aa.l8l. vot.tr.ct8.
63)6
67)6 6S%
139
il39
4396 44
77H 7794
8
8
7%
3S96
33)6 2396
9
Do
6
14
35
4496
78)4
894
50
31
73
40
80
104
3196
11)6
5196
2296
'185
7994
4)6
102
32
4394
77)4
40
Wuk.
2d pref., voting tr otfs.
Bio arande & Western ....
46
33
40
80
22)4
42)6
76)*
,796
Shares
N.
46
33
21
23)6
61%
21
6094
21)6
of the
STOCKS.
Y. STOCK EXOH.
34
33
78
4
44
52
195
20
40
•67)6 69
•137)6 140
77
•21
61)6
84)6
IIH 11«
BOM 5296
185
40
68
42
75)6
43?4
71
104
8196
1194
61
51%
20?6 21)6
187 187
20
52»6
21V4
47
13
•lOX 11
11
71)6
87)6
13)4
34)4
55)4
•102
'32m;
40
80
ScOet
Wednesday Thunday, Friday,
July 14
July 12. July 13
& L.
pref.
B.,
new
.
.
Istpref.
Page
(2 pages)
216
15)4 Wisoon-Cent. new(wh.ls.)
53)1
Da
pref.(when Iss.)
1,192
2,540
[Vol.
Bang* for ytar 1899.
On basis of no-$h're lots
1996May 13
6194Jan 7
36)6Jan 7
S6)6Jan 4
66 Jan 3
394J'ne24
38)6May 24
Lowest.
85 Jan 84
68)6Apr 4
38i4Mar 22
4 8)6 Feb
Jan
55 Jan
17^4Jan
75)6Jan
33)4Jan
694Jan
44%Jan 31
15 Apr 28
5
Jan
17
l4%Feb
58
106
44
J'ly
6496Dee
80 Jan
88 Anc
69)4Ang
8«Feb
63
52)6Mar
22)4Feb
894Jan
e9)6DM
36 Nov
796DM
7MMar
1
j'nt
Mar
83^J'n«
9)4NoT
6
8594J'ly 14
36 Jan
98)6Jan
87 May
10)4Jan
8396 Jaa
Mar
1794 Oct
33 May
50)4Mar
6)4Dec
45 Feb
13 Dec
3
J'ne 1
896Jan 6
64 May 13
9
Highest,
15)6Mar
86
80 J'ne
6
LXCX
Bangs JOTprevious y«ar (1898).
Highest
Lowest.
15,636
1,710
16,890 40%Jan
44,355 17)4 Jan
420 167 Jan
30 Jan
35 Jan
1,400 38 Jan
10 118 Jan
33,825 3S)6J'De
31,414 72 J'ne
300
7)4J'ne
24,325 19 May
600
8)4J'ne
50 J'ne
2d pref
2.
DM
Dm
Dm
18
38)6DM
18)ij'ly
Jan 23
Jan 31
Jan 18
78
Apr. 100
14
18
7
Apr
Apr
55
Apr 28
2396Mar
4396Defl
16)6Jan
38)6Dm
35
1094DM
2596Mar 1
8%Mar 30%Dm
248 Feb 27 145 Oct l94)6Fek
29 Apr 4 §18 Aug 25 Sep
42 Mar 22
36 Aug 48 Oct
73
Apr
17
Feb 24 107)4 Dec 107)4DM
5096Feb 21
16)6Mar 4196DM
141
20
1
81)6Jan 28
45%Mar
19
24
8%Jan 84
7496DM
6)4Mar
14)4Mar
84)4Aag
1
29
21)6J'ne23
l3)4May 24
4894May 28
25)4Apr 5
ll)6May 9
84 Jan 30
9)6ATiff
329<Mayl8
1894J'ne 13
55)4J'ne 18
raiscellan's Stock.s.
15M
60
S8M S8% 38)6
9iH (92
•18W
•137"
19«
18)6
•70)6
35>4
83)6
•111
•111
•111
114
114
114 S118 113
16
15)6 15)4
15)4 18%
1696
15)6 1696
61
81)4
60
60
60)4 60%
60% 61
60)6
39
39
89% 39
4094
40)6 41)4
3896 89)4
92
92)6 9-i)4
02)4 9296
92)4 82)4 91)6 92)4
*
•34
30
38
38
38
37)6
140
•is?" 140 •is'?" 140
138)41140)4 139)6 139)6
•17)4 18)*
19)6 19)6 •17)6 20
18)6 18)6 19)6
70
70
70
70
70
70
70)6 70)4
71)6
86
38
85
36
36
35%
35)6 36)4
36H
83
82)4
8294
8894
584)6
88%
83)6
81)6
83X
7m
86«
84
84
7
§6
6
•29
30
•20
30
29
79
79
29
29H
78« 80
55>i 66^
i95^
157M
{LIS
29)6
53« 55%
96)6
159!^
95)6
95)6
154^ 157)4
118
117)6 117)6
103)6
36)6 36)6
102« 1104
88
85H 85W
85
66M 56%
6356
85
97« 95)6 97
145 §144
144
97
S140
•142
146
148
56)6
142
•14K 15M
•IH 2% "•i%
15)6
2)6
4
4
1
47H 44"
46
•106
108
•13«
187
184
•42
«89
40
SO
S1356
45)6
108
13?6
180
•42
183
92
41M
•89
39
80)4
80
80
59)6
57)6
58M
4896
92
58)6
105
4296
40)6
81
82)4
80
81
•il8)6118>» 118)^ 118%
68
68
67
67)4
•107 107)6 107)6 107)6
1116 lie xll4 114
48)6 43%
79« 79H
•12)6
16
40)6
43)i
78
79
15
•12)6
55
54)6 64)6
100
•95
100
•18
13
•10
23
itS)6 45)6 •4556 46
•98)6 100)6 •98H 100
•29
81
29!^ 29)6
|112J< 1125i «112H112?4
•53)6
1100
•3
•45
7)6
•15
50)6
90)4
•37
60
23
51)6
90)6
39
188
138
IIH
•8
u«
48
120
48?6
•30)6
•82)6
160
•60
•14
•5
60
23
191)6
»1H
•7)6
60
6096
184?i 185
11
ll)i
•7)6 10
47
52
83)6
•50
•82
8
70)6
51)6
84
169% 160
•60
•14
62
•
7)6
45
•15
SO
47X
120% 116%1189i
160
61
16
•7)6
67)6
merlcan Car & Foundry
15}<
72
38«
Adams Bxpress
114
61
16
62
8
60)6
•6)6
29
20
6%
6%
694
30)6
30
•
6%
6)4
20)*
•29"
29)4
7094 x78)4
5696
55)4
96)4
96)4
Do
American Cotton
Do
•26
•76
27
78
60
•6
71)6
63)6
6H
72
83%
118
•137
181
133
iOl
01
* Bid
25)6
•76
•48
6
70
6I94
U20
•138
8994
Do
5
2594
•75
•48
6
71)6
53)4
Do
120
188
91
and asked prlOM
I
no
8fl
78
60
36
§78)6
§1996
6% Amerloan
Do
Spirits
30
Mfg
pref.
.
.
36
78)6
4996
6
7196
5396
MlM on thU day.
Bid.
113
Coney Island 4 Brooklyn. 296
J&J 102
1st 5b 1901
Ss certfB ln(lbtl910.J4J 101
B'kC.4New 5b '39.J4J {111
Gr.8t,4New lgt5s'06A4O
4 Lorlmer St. I8t88.
Kings C!o. KlevaU— Stock
Incomes
Tinndi— 8e< i :ook Bxoh.
pref.
36
•76
•47
104
108
2
6
List.
Ask.
List
113
ioi"
103
117
5'"
8
28)6
78
60
594
7096
5194
52)4
118
•125
131
0096 9096
I
27)t
Union Bag Si
pref.
Paper
Do
pref.
78)6
50
United States Bxpress. .
•594
6
United States Leather.
pref.
Do
70% 71
X4894 50)6 United States Rubber
pref.
Do
(118)4 118)4
•126 131
4 Co
WeUs, Fargo
estem Union Teleg'h.
§90
91)6
•48
694
:094
118
•25)6
§T8)6
Do
.
. .
Less than 100 shares,
t
Bk dlv.
Street Itallwaya.
A40
NY4 QU8 Co 5s 1946. A40
Steinwayl8t68l983.J&J
OTHBR CITIES.
36,130
8,070
4 3', 30 3
11,982
6,816
1,300
May 13
J'ne 19
10
May
800
45
78
Apr 7
J'ne 34
300
51
Mar
37
96
7,940
2,135
1,630
33)6Dm
13 Mar 17
4394J'ne 3
6%Jau 6
6 Mar 23
KOIdstook.
t
37)4
ioi)6 108
106
96)6 97
105
M4S 101
Con 5b 1013
Columbus (Ohio)— Stock.
01
Con 5s 1032.— Se« Phila list.
108
9S
.
CroBst'wn— 1st 58
Consol Traction <N J)—Se
Lake St (Chlc)Blev-Stock
J4J
deb 5b 1028
Loulsv St Ry— 5 p bonds
«
101
Pblla .List.
17)6 "95"
iVo" 130
45
48
1596 J'ne
4194Anf
146%Ang
116 Jan
§98)6Dm
16894Sep
135)6Aug
140)4DM
14
p. 0.
32%Dm
Deo
90
994DM
164 Oct 806)6J'ne
27)4Mar 63 Sep
8394Apr 04 Deo
Dm
Dm
3
Dm
Dm
13
4
28
18
10
10
13
28
28
20
12
23
4
5
X138NOV 816 J'ly
68 May 6096Sep
3396NOV
75 Nov
10)6Aa«
19)4Dec
68)4Nov
i
8)4Jan
17 Mar 3894
80 Aug 106
88 Apr
6)4Apr
§
5394Mar
14)4Mar
Dm
Dm
68)4DM
8%Ma7
75)6
Dm
48)6A«C
60 Mar 113)4DM
8 lll2)6Mr §131)6D«
84
82)4Mar
e5%Alg
stock dividend.
Street iltail ways.
LoulBT St
Ry— Preferred.
die
Bid.
1C7
ynn4Bos-l8t5B'34.J4D {118
Metrop W. S. (Chic). -See St.Ex.
I8tg48 1938
F4A 9694
Minaeap St Ry-58 '19.J4J «108)6
New Orleans City Ry
Common
22
Preferred
90
North Chicago— Stock
844
Ist 5g 1906-16
J4J {106
Vo Shore Tr (Bo8t)-Com.
16
Preferred
84
Inter
i Buyer pays accrued
1
J'ne
194N0V
296Apr
45 Apr 67 Sep
20 Oct
53
6094Oct
85mDm
17
76 Sep
07
20
6696Dec 73)6Deo
14 107)6Dec 10996Dea
13 §8794J'ne 9694DM
23 48 Sep 67 Deo
5
96 Deo
85 Sep
27
33
6494Dec 67
81 Feb 17
81 Dec 82)4Dm
57)6Jan
37)4Mar 5196Aug
102)4May 18 85 Mar 98)4Aug
30 Apr 25
5)4Jan
2 Aug
68 Jan 31
3096Aug 52)6Deo
107)6Jan 10 04)6Aug 108 Dee
26)4Mar 3996Aug
40)6Jan 20
115 Jan 21
00 Apr 114)6Dm
9%Dm
8)4Jan 12
8)6Dec
9 Feb
394N0V
8% May 4
50 Mar 18
60 Mar SO Jan
23 Feb
30 Jan
12)60ct
63 Apr 21
95 Mar 28
42
-- Jan 25
43 Sep
40 Oct
3l6)6J'ly 14
14 Apr 130 Sep
794Deo
12)4 Apr 19
4)4Jan
6)4Deo
10%Apr 27
3)4Jan
55 Jan 30
21 Apr 46
180)6Apr 3
88)6Mar 113 Nov
50)4Apr 13
93)6Apr
122 Apr
7694Mar
110 Jac
117%J»Iy
88)6Jan
95 Jan
38 Feb
63)4 Feb
Bx 100
Ask.
Dm
4)6J'ly
-67 RE£IT RAIL WA FS,
Bid.
3994AUB
9096Ang
88
17
65
19
11
153 Nov
38 Ang
§180 Feb
l%Oct
Mar
Aug
21
21
11
31
13
65%ADr 17
98)4Ifar 15
85 May 12
75 Apr 3
5,796 43>4Jan
4
32,965 101 May 13
500 4494J'ne 1
300 78 May 25 00 Apr
1,465 156 Jan 30 161%Jan
60 Apr 21 65 Apr
12)6J'De 2 35)4 Jan
100 5 7)6J'ne28 8 2)6 Jan
810
7 J'ne 1 12 Jan
60,855 36 Jan 14 71)4J'ly
111 Jan
4 145 Mar
ii7o6 21 J'ne 1 45 Mar
65 76 May 31 80 Mar
130 »48 J'ne 9 60 Jan
650
594J'ne 7
8 Jan
4,105 68 J'ne
78 Apr
9,805 4296Jan
57 Apr
1,840 111 Jan
120 Jan
1125 Jan
§130 May
i*,689
87)4J'ne
98)4Jan
of 100 p. e. in bonds.
Common
4
Jan 36
5
Jan 25
4196May 16
65 May 15
37)4Apr 14
4,910 113 Jan
3
Street Rallwava.
305"
6
310
220 97)6J'ly 7
480 28 May 31
405 110)4J'ne 14
825
3 J'ly 13
4)6Mar 17
43 Apr 20
Cltuens' St (Indiaaap.) ..
Cleveland City Ry
Cleve Clty-l8t6B 'O0.J4J
Cleveland Electric Ry....
Bait Consol— Stock
Bridgep Tr-lst Ss •23.J&J «io8" li'o"
102
Buffalo Street Ry— Stock.
09
Ist consol 58 1031.F4A 116
110
3
36
76
07
M4N 109
Deb 6b 1033
Chicago City RR-Stock.. 300
95%Jan
5,551
1,333
Ask.
112
36 J'ne 21
78 J'ne 39
63 Jan 4
4696Feb 8
73)4May 13
62)6Apr 7
705 10894May 31
1,070 97 Jan
3
08
103
Apr
• • • • •
Bid.
J4J
New Wmb'«4Fn 8tei.4)6s
8
30)6Feb 8 55 Apr
88 Jan 6 115 May
1,905
6)6 Feb 15 18 Apr
2,600 163 J'ne 6 223)4Mar
630 4094May 81 50)6Jan
200 87 J'ly 5 97 Mar
9,655
at foot of 7 0ON3B0UTI7B PAGBS;).
Nassau Bleo pref
68 1944
I8t4sl948
.prll
2
5
•6
•594
6)4
70)4 70)4
7096
68)6 52)4
58
1110)4 119)4 ill9
110
•126
•135
131
131
190)4 91)6
9094 91
Isl 5b— .S'tt Stock E.xoh. list.
BklynRap.Tran.— Se« 8iu okBx.
G'p't
pref
Amer. Smelting & Refining
J^
78
50
Gr.&B'kynlstris
....
.
JUTSIOE SECURITIES (Giybn
CaUCem
pref.
29
29
3994
29)6
29)6 American Steel Hoop
7v»)t 7994
78
76)6
79)6 79)6
Do
pref.
55)4 5694
58)6 Amsr. Steel 4 Wire (new)
51)4 5696
55J4
06
06
96
9594
Do
95)4 0594
pref.
158)4 158)4 165)6 157% American Sugar Beflnlng.
15496 157)6 157)4 159
118
118
lltt)6
1117
118
118)4 118)4 §118)4
Do
pref.
•101
104
103)6 n04)4 104)4
ilOl
104)4 Amerloan Teleg. & Cable.
3794 3894 American Tin Plate
37
37
38)6
3794 38
3796
87
87
86)6 87
X8494 85)4
Do
85)6 88
pref.
07
96
08)6
97)4 American Tobacco
9894
97H 97)4 97
140 143
1143)6 143)4
Do
pref.
56
53% 54)6 5 394 55
54)6 57)4
57)6 Anaconda Copper
140 144 •140 141 1148 142 •140 144 Urooklyn Union Gas
16
•13)6 15)6
16)6 16%
16% 15% 16 JDrunsw. Dock&C.Imp't.
•1%
2
1% 1% 194 2)4 •194
Colorado Coal & I. Dev't
4
4
4
Do
pref.
45)4 4594 Colorado Fuel & Iron
"45)6 46)6 '46)6 4694
45)6 46
'105
108 •105 108 105 108 •105 108
Do
pref.
13
15)6
14% 14% Col. & Hook. Coal & Iron.
18)6 13H
14)6 1494
183 183 U84)4 18454 181 181
181)6 183
ConsoUdated Oas (N. Y.)..
•42
4296 43)4 48)6 43)6 42)6 43)6 Consolidated Ice
4396
•87
98
00
90
pref.
Do
89H 89)6 89)6 •90
40
39
4094
4096
39)6 40%
89% 40)4 Continental Tobacco
80
80)6
79% 79% 78)6 78)6
pref.
7994 80
Do
Detroit City Gas
59""
"e'i"
6794 59)6
59)6 6094
6996 60M Federal Steel
8096 81
8094 8194
Do
pref.
8094 81)4
8094 81)6
120)4 118)6 119% 11894 11894 General Bleotrlo..,.
118)4 U8)6 118
•86)6 68
68
68 Glucose Sugar Refining.
66)* 67
67)6 67)4
107)6 107)6 107)6
107)6 107)6 107)6 107)6 •107
Do
pref.
116 117)4 11694 117)4 H.B.ClafilnCo
115 115
115)4 116
42
42
42
43
•41)6
4194 43
International Paper
78 79
70
80
79)6 179)6 70)6 •79
Do
pref.
•12)6 16
•12)6 15
•18)6 15
International Silver
•50
50
53
50)6
Knickerbocker
Ice
(Chic.)
51)6
50)6
53)4
51H
•72
•74
•72
•74
77
77
77
77
Do
pref.
•54
•54
55
55
55
54)6 54)6 •54
Laclede Gas (St. Louis).
•96
•95
•95
95 100
100
100
100
Do
pref.
•10
•10
10 20 10 30 Manhattan Beach Co
22
20
•4594 4814
48
46
Blsoult
45)6 45% 45)4 4594
National
100
•9794 100
100 100
197)4 98)4 09
Do
pref
2d94 2994 National Lead
39)4 30
2994 2994 •29)6 31
112 112)6 112 112 •iia 118)6 112)6 118)4
pref
Do
2
3
3
2
2
Nat. Linseed OU, tr. oertf s
296
•5
•5
Starch
National
7)6
7)6
7)6
7H
•45
60
•45)6 59)4 •45)6 59)6 45)6 49)6
Istpref.
Do
•15
•15
•15
15
33
Sd pref.
23
33
23
Do
50
51
51)4 58
60)6
61)6 5194
51)6 National Steel
01
91«4
91
91
91
01
pref.
Do
91)4
•37
•37
37 39 •37 30 NewCI«nt.Coal (new stock)
39
39
185 186
188 204
208)6 SIO
812)6 218)6 N^. Y. Air Brake
11)4 1194 1094 1194 »10% 10% North American Co
lOH 11
•7
•7)6 10
•7)6 10
7)4
Ontario Sliver
9
48
48
48
48
4896
48% 47)4 48 Pacific Mall
eop'rBQa8-L.&C.(Chlo.)
117)6 11896 117)6 11894 117
118)6 11694 11796
15196 5196 •50
51)6 50
51)6 •50
51)4 Pressed Steel Car
80 83)6 82)6 83)6 82 83
pref.
Do
83)4 82)4
•160
160 160
161 161
161
160 160 Pullman's Palace Car
60 61
60 61
•60
•60
61
Bullion
Certlfs....
61
Stiver
14 16 14 16 14 16 •14
16
tandard Distil. dtDlstrib.
61
62
61
pref.
61
61
Do
•796
8
794
18)6
8)6 Standard Rope ik Twine
796
796
Coal
Iron
RR
St
.
70
'^Fenn.
67% 7096 6094 71)4 69)6 70% 68%
2696
Street KallwRVn.
B'kyn Queeis To. 4 Sub..
Oil
American District Tel
American Bxpress
American Malting
-L
•CO
pref.
59 S109 Jan 3 §119 Feb25 »97)4Apr
15 J'ne 15 21%May 25
5696J'ne 18 65 May 25
3 394 Mar 6 41)4J'ly 14
15)6Mar
659 88)4Jan 5 95 May
88 Mar
33 Jan 3 53)6Mar 8
22 May
315 133 J'ne 19 §145 Jan 3 §116 Jan
300 17)4May 27 37)6Jan 24
24 J'lf
915 70 J'ly 7 87)4Jan 26
76)6J'ly
3,815 36 J'ly
6 59 Apr 20
3,350 80 May 31 94)6Apr 20
1,130
6 J'ne 30 15)6Mar 13
6)6Jan
29)6J'ne 26 41)6Uar 18
18 Mar
3,850 34 May 24 41)4May 3
4,339 70 May 13 83)6May 4
46.350 45 Feb 8 78 May 4
2,540 93)6Feb 8 10694Mar 13
150,990 l23)4Jan 4 182 Mar 20 107)6Mar
616 110 Jan 18 12 i Mar 20 103 Mar
140 §98 Jan 4 105 Apr 18 §88 Mar
7,170 33 May 24 5294Apr 4
1,500 81 J'ne 1 99)4Feb 8
30,540 t88)6J'ne 21 229)6Apr 5
8394Jan
110 132 Jan 4 150 Mar 6 112)4MaT
46,445 48)6Mar 23 70 Apr 28
375 185 J'ne 5 160 Mar 17 106 Mar
14,884
9)6May 9 17)4Jan 31
7)6O0t
100
l)4Jan 17
596Apr 21
)4Apr
3.862
3,218
38,449
Ask.
110
116
List
97)4
110
81
100
846
le"
86
est.
N
SJ
JULY
THE CHRONICLE -BON J
15. 1899.]
BONDS.
21
N.Y.STOCK EXCHANGE
Week Endikg July
14.
Price
Week's
Friday
July 14.
Range or
Bid.
See Sou Kj.
labamaiuid lBt«ng.l938 M-N
Albany &Sneq. Sec D&H.
Allegheny Val. See Penn Co.
OS
Range
since
Last Sale.
Ask
101
98>i
Jan.
1.
98
J'ne'99
102}^
SeeCenofNJ.
I.
1995 Q-Jt
Ann An or 1st 4b..
AtchT&SFegeng48..1995 A-O
95»4
10a>4 Sale
(i
199o A-O
1995 NOTt
1995 Novt
1902 J-J
Registered
Adjustment g 48
85
102?i
Mar'd9
84^
110
99}^ 100)^ 102
Austin &NW. See. SoPflC.
Creek & S. See M icb Cen
Bat
97 Sale
alt & O prior 1 g 3^s.l925 J-J
1925 J-J
Reuistered
1948 A-O-t lOlM Sale
Gold 4s
1948 A-Ot
Registered
BaitB'ltlstg58intgo.l990 vt-N
1»90 A-O
Va&Plstg5s
Monon Riv Istjiug 5s. 191b
Cen Ohio R let eg 4^8 1930 M-S 113
Pilts& Con l8tg48...1946 J-J
B & O S Wist gu g 41.^8.1990 J-J
W
102
101
Sale
83
Registered
Equip trser Ag 5s
Chic 4 St Lou I8te8..19'r 31Atl At Bklyn imp it 5s. .1934 J-J
Atlan & Uanv 1st «t Ss. .1950 J-J
Atlanta & Cbar. See Sou Ry.
46
347
96M
•
742
35H
Feb '99
879i
1001^
it^i
405
96
101
lOlV^
339
9B
105
Dec '98
e6M
B&OSWRycong4Jisl993 J-J
Istinc g 5s8er
Series
A
108
94
2043 Novt
2043 Dect
B
B & O S WTe' Co gu B 5ii.'42 M-N
Ohio & Miss Ist con 48.1947 J- J
A-O
"8.1905 M-N
1932 J-D
1911
2dconsois78
107^
105
Ist Spr'gfleld Div
Ist genera 5s
Beech Creek. See N T C * H.
Bel & Car. See Illinois Cent..
K & T.
Booney Bridge. See
Bway & 7th Av. See Met S Ry
1945
Bklyn Rap Tr g 5s
108J^ 112
Mar'99
1079i 111
Jan.'99
Jan. '99
12
Feb '99
93%
94
108J4 112
1041,^
May'99
Feb '99
123
103
89
106
89
117}^ Apr'99
1071^
107 '
104
104>6
Sale
Sale
130M
129H
130
105
128
111
130H
10114 105
May'99
A-O
CRIK&NWlstg5s.l921 A-O '109!^
Canada South 1st 5s. 1908 J-J 108W
MS
.
1913
1913 M-S
Bale
'111
111
108
108
118
106
10 111
llfl
1101,^
Feb '99
105
108
111
106
Jan.'99
108J<
111
Jan. '97
110
117!^
IIOJ^
WOhi
105
105
14 108
5 109
111J4
112
CRIaF&N. SeeBCR&N.
Cen Branch U P Istg 4s.l948 J-D
88
:93^
96
120
40
IS
1946 J-J
.
.
93?^
93
Sale
41H
34
16
6
J'ne'99
Dec '98
99
95
96
102
110
97!.^
13
1987 -J
Geoe'al gold 5s
1987 Q-Jt
Registered
B C con as 7s.l900 Q-M]
Leh &
1912 M-N
5s
Le«Hud Rseii gug6s.'2 II
W
99
91%100J.i
38
44H
11
15
6
Am Dock & Imp Co 5s.l92] J-J
J'lv'98
J'ne'99
J'ne'99
102
102
1Q9M 112
112^4112^
40
113^122^
2 11214 121
99?i 10214
Mar'99
116^
116
South int guar 6s.. 1899 J-J *luu
Cen Pacific— Ctf 8 dp A 1898
Speyer & Co ctf s BCD 1 899
NJ
87M 99
.
103^ Mar'99
.
108}^ J'ne'99
A-O
1939'
Guaranteed g5s
A-O
Speyer & Co eng cts
1900 A O
Landgranr gold 5s
Speyer & Co ctfs
C&OlMvexttf 5s
1918 J-J
Speyer & Co ctfs
Western Pacific g 68..189t J-J
Speyer & Co ctfs
Noof Cal Istgug6s...l907 JGuaranteed gold 58.. 1938 A-O
Charles & Siiv st g 78. 1 9 36 J-J
Ches & O— Gold 68 ser A. 1908 A-Ot
114
il6>4
116M
103!^
108!^
1125^
120J4
103^ 104^
103M109
Mar'99
Mar'99
103
107J^
105M108^
J'ne'99
Mar'99
120^ 120%
125M J'ne'99
112Ji 1259*
107
112
101
1215^
Apr'99
Apr'99
107
112
Jan.'98
J'ne'99
llOJii
112
12014 122>i
103 105^
108% 10914
10454 Apr'99
108J«J'ly'99
IstcongSs
3I-N
1939 M-N
1992 M-S
1992 M-S
st con g 4s 1989 J-J
193>'
Re,isterrd
Gen gold 4^s
Registered
R & A Div
J
U8e
2d con g 4s
Craig Valley Istg 5s.. 1940
Warm Spr Val Istg 5s 1941
10914 Dec '98
118
120
No price
;
103
109
104
Bid.
'99
'99
1049^105
109)4113
100
Apr'99
113
113%
125%151\i
11596 1169i
105 106)4
101% 105
1059^113^
111% 111%
1111^ J'ne'99
124 J'ly'99
106]4
106)4
114 J'ly'9«
107
138
114
ll-i
10596 108
114 116)^
115
103^ Nov 98
107 Feb '99
11 109)^117)^
118J^ J'ne'99
114% 118)^
107U
J'n. '99
113
J'ly'99
92
104
172
170
J'ly'99
161)4171%
108)4
119)4
....
17'.J
160% 16896
160
1908
.
J-J
J-J
1916
1916
Dak&GtSog5s
116
118^
1989 Q-J§
Renistered
6s.
118% 123)^
132%
129
121% 123)6
15 1189i 124)4
5 118)4 12596
118
.
.
.
110
1
111^ 115
114
113
116
116
J'ne'99
J'ne'99
120
116
106% 110)6
10594 109
1229i J'ne'99
121% 123
110
108
lll)ii
Mar'98
117)4118
J'ne'99
109
106
106% 106%
102% 110%
Nov'98
103
10794 May'98
108
124
Oct.'98
J'ne'99
11714 Feb '99
111 Jan. '99
144
F-A 12514 126
-J
1459
Ashland Div lstg6s 1925 M-S •145
1911 .n-N
Incomes
1917 J-J
Chic Rock I & eac es
lSi\i
1917 J-J •131
Rewistered
1988 J-J 108 Sale
General gold 4s
1988 J-J 108
Regis' ered
Des M & Ft D 1st 4s. 1 905 J-J
98
1905 J-J
1st 214s
ti3H
1905 J-J
Extension 4s
Keok&DesM Ist Ss.. 1923 A-O
114
I92:i A-O
Small
Chic & St L. See At T & S F.
Chic St L & N O. See 111 Cent.
Chic St L & Pitts. See Pa Co.
Chic St P M & O con 6s. .1930 J-D
138
Ch St P & Min ist 68. .1918 -N 136
Nor Wisconsin 1st 6s.. 1930 J-J
St P & S City 1st g 6s. 191V A-O •138
Chic Ter Transfer g 4s 1 947 J-J 100% Sale
CD & West 1 1st sfg 6s.. 1919 M-N 104)^
1932 Q-D 12U)4
General gold 6s
Chic &West Mich Ry5s.l921 J-D
99
100
1921
Couponsoff.
99 100
120
1905 A-O
CinH&Dconsf 7s
2d gold 414s
1937 J-J
CinD&I Istgug5s...l941 M-N •114
.
1V2H
Apr'99
Feb '99
110)4 J'ly'99
MS
W
14596
Feb '98
May'99
106% Feb '99
1
Ext &Imp sfg Ss... 1929
Mich Div 1st gold 6s 1924
3 125
126
16 142% 14596
125
lOSM Mar'99
109
109)^
118
1179i
109
118
. .
.1910
*113
MilLS& Istg6s...l921 31-N »141
Convertible deb Ss. .1907 F-A
J'ly'99
119)iDec'98
. .
Illinois 1st Ss..
118)4
112% 118%
108% 114%
118)4 May'99
1149i J'ne'99
105)4 Feb '98
121
125
1449i
1129i
114
120
116
107)4
QF 144J^ 147
J-D
190< J-D
Registered
Sinkiigfunl 6s 1879-lM'it' A-O
Registered ....1879-1929 A-O
Sinking fULd 5s.. 187 9-1 929 A-O 107^
.1879-1929 A-O
Registered
Sinking fund deb 5s. 1933 M-N *122}4
1933 M-N
Registered
25-yeardeben ure5s..l909 M-N i09
1909
M-N
Registered
30-year debenture 5?. .1921 A-O
1921 A-O
Regis ered
E.xtension 4s. .1886-1926 F-A •126
.1886-1926 F-A
Registered
1987 M-N
Gen Gold 3^s
1987 Q-N
Registered
Escan &LSuplst6s..l901 J-J
DesMoA Minn 1st 7s. 1907 F-A *121
lowaMidlnnd 1st 8s.. .1900 A-O
WiL ona & St Pet 2d 7s 907 M-N 124
1905 M-S
Mil&Mad 1st 6s
Ott C F & St P Ist 58 .1909 M-S 113
'902
123
119
115
-J5
I
1989 J-J5
..1910 J-1) 121
1913 J-D 125
uold 78
110%
122% 122%
110
106!4May97
4s series A.. .1989 .l-J§
Gen gold 3148 series B.1989
171)4
171
161
112% 122)4
.
Cont sink fund 5s
.
107
107
s..
.
138
134
J'ne'99
1903
7s
Mil&No IstM L
12*
120
J-J 17i
I6814 May'99
171
J'nc'99
J-J 172
170 J'ly'9H
1 90v J-J
11914
1st South west Div e
1219^ J'ly'99
lstLaCrosse& D 5s. .1919 J-J 1199*
115^ Nov'98
123% J'ne'99
1st So Minn Div 6s. ... 1910 J-J 120^
1910
J-J
78...
Div
1st Hast & D
129^ 131 132% May'99
1910 J-J lia 113M 10914 Dec '98
58
1910 J-J 121^
123 May'99
Chic & Pac Div 6s
122%
Chic & P W Ist g 5s. 1921 J-J 122^ Sale 122
123
Chic & Mo Riv Div 58.1926 J-J 122^4 123^ 123
Apr'99
Mineral Point Div 5s.. 1910 J-J 11'.*
112%
ChicJsLSu Divg 5s.. 1921 J-J 1209i
12254 J'ne'99
WisitMicn Divg 5s. .1921 J-J 121
123 J'ne'99
1914 J-J 115J4
Terminal gold 5s
llSJi May'99
Far & Sou assu g 6s. ... 1924 J-J 130
127J4 Jan.'98
Gen gold
105
100
& St Peon 78.1905 J-J 172
Istl&DE.xten
I
.
ion
109
95%
«2
121
1C6
30
104% lie
lOlJi
Cairo Div 1st gold 48.1989
1019^104
108 llOM
104 10714
8tLDivl8ttoltrg4s.l99C
1990
Registered
Spr & Col Div Istg 4s. 1941
Val Div Istg 48.1 94(
WW
106% 106%
iDueNov.
113
143
Apr'99
138
146
Dec '98
124
111
113
139)^143
111
113
J'ly'99
10514 Feb '97
125)i J'ne'99
11796125)4
140
J'ly'99
J'ly'99
133% J'ne99
108
108)4
314 10496 1109<
107% Apr'99
10596
98)4 Apr'99
85 J'De'99
98% May'99
114 J'iit'99
98
83
136
106
140
131
Mar'99
13294 J
9014
ly '99
100%
120)4
«9%
J'ne'w9
Oct.'97
141
140
139)4
93% 102M
32
J'ne97
120i4
83
134% 138
134)<J J'ne'Ow
140
107%
98%
98% 98%
109% 114
137)4
137)^
146
114% 114%
131% 136%
132 134%
114% J'ne'99
134
124
117% 117%
120% 123
liDueJune.
119
113
NEW
Bid.
Ask.
112
May'99
FORK.
Gas—
{106
iBt 5b
107
Con Gas (NY)— Stock— YStk Bxoh
Deb 5b 1908
M&N 106 110
118
116
Bqult Gas
F&A
MAS
iBt 6b 1899
Con. 5b 1932
Mutual Gas
Amsterdam
Pref
Ist oonaol Ss
JlOl
jll6
260
Qaa,
Com
1st 58 1944
J&J
I&J
Consol 58 1945
Nor Un l8t 58 1927. ..'MiN
Standard Gas— Common.
102%
Do
118
SCO
35
61
iBt 58 1930
34
60
«1019< 102%
preferred
BROOKLYN.
MAN
P-A
J-J
J-D
J-J
M-N
M-N
M-S
J-J
Rid.
92
107
S
Q2
"9S)isaie
97
91
J'ne'99
95%
94)i
97 J*ne'b9
102% 103%
99
•
86
102)«
aa«— '••
70)4
8792
9'9i
9994
lOSM
99
May'99
91
08
«'
99
••••• •••••!
"s?" Ang'98
Bonds due May. a These are option
Ask.
iia.is
sales.
<£<..
Bid.
f^ecurlt»»««
Ask
98%
108)4
Baltimore ConsoildBt— S< eBalt.
Iji»'
Bay State Gas—
113
113
107% 109
94
114
ISO
116
118
Incomes
Boston DnltedGHs Bonds- -Boato nLlBt
10)4
BalTalo City Oim— itock.
85
I
Ist 58 Bonds
Chicago Gas— 3<!« N Y Sto Ok Rz
103
Tloero Gas Co 1st 6b
1P4
186
tnclnnati Gas A Coke.
SO
45
Ctty Gat , Norfolk Va)
«101
ist 6s
tPHroi
»And lnr«r««t
.
Brooklyn L'n Gas- N Y bt ook B
let oon 58— N Y Stock Bxoh.
Willl«m«hnrff
113
J-D
IDueJan.
Ga» ^*fcu^^^l»'^»
N Y HHec Lt Ht 4 Pow 4 s.
Gold 58
N Y & Eaat River Gas—
9^^
»V96
103)i$ Oct.'9
(Given at foot of 7 coi^secutivb pages).— fl'^^S' SECURITIES,
Central Union
N.
ClStL&C. SeeCCC&StL.
CInS&C. SeeCCC&StL.
tDueJuly.
tin* Securitlfio.
Ask.
A Pawi'ck-lstSs '33 {112% 11594
Blohm Ry&Elec-l8t 5s'20 70
80
Rochester Ry
22
24
Deb6B Irfll
M&S 98 100
ad 5i 1933
J&D 97
Con 58 1930
A*0 108
Bo Side El (Chic)— Stock.
Dn'd Tr&Blec(ProT)-8t'k
^t«
Wait Chicago ol
119%
Oon 1930
M&N 1105%
WoroeBter (Ma8B)Tr-Com
25
,
1.
Low. High
30 113%117Si
114M
Mar'99
J'ly'99
1379i J'ly'99
1169g J'ne'99
106)4 J'ne'99
105 J'ne'99
114
-J
-J
116^119
90M 9714 City &SRv Bait Istg Ss 1922
92% 92% Clearfield & Mah. See BR&P.
104M108 ClAk&Ceq&2dg68...1930
100 100
a & Can 1st Sstr rec...l9l
CCC&StL-Geng4s..l9l'3
101
these are latest bid and asked this week.
Prov
Preferred
213
J'ne'99
Feb
106% Feb
OUTSIDE SECURITIES
Btreei K)iilwfi.yB.
15 1171^121
95% May'98
10114 Apr'99
103 J'Iy'99
1900M-N' 105
Friday
116>i 11914
1185^ 121M
11914 J'ne'99
120 J'ne'9«
119^ 119
1199^
117 J'ne'09
9714
"97M;Sale" 96
92% Jan. '99
104^ Sale 104Ji 10454
99
100 J'ne'99
J-J
J-J
M-S 100
Ell". Lex & BSgug5s.l902 M-S *WZ\i
Chic & Alton sink fd Os.. 1902 M-N 108
Lou & Mo Riv Ist 78 ..1900|F-A 106
2d 7s
113
148
AC
'
.
1911 A-OH
Gold 6s
113%
105
113
.
I
.
Ask. Low. High.
..
Speyer&CoctfsdeuElwoo
Speyer & Co ctf FGHI. 1901
San Joaquin Brg 68... 1900
Speyer & Co ctfs
.
R D.'02
.
'
.
7s $ g
st
lstC&M78
Chic Mil
North
112J^ Mar'99
121
Sale 120!^
121
S»ie
119i«
119>^
119^
lOOJ^ 1001^
100}^
.
96
116}^ 120
5l8
J-J 104
1947 J-J
Mid Ga& Atl
Centof N J-lst conv 7s.l902 M-N 110
Convertible deb 68. .1908 M-N
.
Apr'99
J'ne'99
97>6
.1946
g 59.
Div 5s..
st
91
40
12
41
6
.
1
May'99
96^
969^ Sale
.
.
Mobile Div
911^
98)<
'118
1945 F-At
Registered
1945 M-N
Consol gold 58
1945 M-N
Registered
Ist pref income g Ss 1945 Oct.t
2d pref income g 5s. .1945 Oct.*
3d pref income g 5s. .1945 Oct.J
M&NDiv l8tB5s
1
7s*goldRD.... 1902
.
M-N
CentofGaRy— Istg 5s. 1945 V-Ai
.
1st
J
J
J
since
Jan.
Paul—
Ch'c*^orthw-Con7s.l9l5
Carb & Shawn. See 111 Cen.
Car Cent. See Seab & Roan.
Carthage & Ad. Se€NYC&H
Central Ohio. See Bait & O.
CenRR & B of Ga— Colg 5s'37
M & St P—
St
1st consol 6s
M&StLlstgug7s....l»)27 J-D
Registered
127k' 129
Apr '97
104
M- S
1947
*
Registered
1906 J-D 108
Con 1st & col trg OS.... 1934 A-O •115K 117
1934 A-O
Registered
2d 5s
W,%
129
103
FA
A-O
Bur C R & N 1st 58
.
110J^J"ne'99
J'ne'99
130>^ J'ly'99
128M
W
118^
117>^117H
42 105M 108!^
6 103^ 104J4
40 108
115H
107^
ir««lllH
.
M
107
104
'
BuffR&Ppen
1937
g 5s
1947
Debenture 6s
Booh & Pitts Istg 6s. .1921
Iki22
Consol lst8
CI & Mah Ist gu g 5s. .1943
Buff & Southwest. See Erie.
BulTSt
& S l8tg 5S..192
Buff&Susq 1st gold 5b.. 1913
1913
Registered
115
F -A
Range
I.-
Last Sale.
.
Refundingg 6s
Chic Milwaukee
32^
10% 13^
Jan. '99
1281^ May'99
lltiM Sale
Week's
Range or
A-O
J-J n3«
A-O 1039<
M-N
M-S
A- O
A-O
Chicago & Erie. See Erie.
Chic Ind & Louisville —
IjOUisvN A&Chlst6s..'10 J
Chic Ind &Lrefg 5s.. 1947 J
M
O
J
BkCitylstcon 58.1916. '41
.'41
M-N
BkQCo4Scongug5s.
Bklyn Un Ei Istg 4-5slVi50 F-A
Bklyn &Montauk. SeeLIsl.
Brunsi West 1st g 4s... 1938 J-J
Bnff N Y & Krie. See Erie.
Price
Bid.
1913
1903
Convertibles!!
Iowa Div sink fd 5s ... 1919
1919
4s
1922
Denv Div 4s
Southwestern Div 48.. 1921
Chic & Iowa Div 58.... 1905
Nebraska Exten 4s. .1927
1 927
Registered
Han & St Jos con 6s... 1911
Chic Bi'r& Nor 1st 5s. 1926
32}^
112
89
14.
Debenture 5s
.
J'ne'99
J ly '98
32^
»'f
li»
l.
Friday
July 14.
F-A
M-N
110
M-N 1129i
102
M-S *124
A-O 106^
Chic & E 111. 1st sf cur 6S.1907 J - D 114}^
1907 J-D
Small
100%
1934 A-O 137
1st con g*- 8
1937 M-N
Vri% Gen con 1st 5s
1937 M-N
Registered
Chic & Ind C Ry 1st 5s 1936 J-J 106}<^
FA
111
2-8
Chic & Altou (Con)—
Miss Riv B Ist sfg 6s.. 1912
Chic Bur & Nor. See C B & Q.
Chic Bur &Q-Con 78... 1903
1901
Sinking fund 5s
96?i
Page
(5 pages)
Week Ending July
99Jil03J6
100 102}.^
78
85J^
83
83Ji
108
Jan. '99
J'ne'99
PEICES
BONDS.
N.Y. STOCK EXCHANGE
High. No. Low. High
Loic.
Alabama Cent.
Am Dork &
.
.
,
« noi
XOIl
. . .
THE CHRONICLE -BOND
IV
BONDS.
N. Y.BTOOK EXCHANGE
Wbbk Endihc July
S..2
8/?
14.
Pnee
Week't
Range
Friday,
Ju y 14.
Range or
since
Ash Low
Bid.
C CC&
Oln
L
St
StL&C
Istg
193«
Registered
1920
Cousol 68
Cln 8 & CI con Istg S8.1928
IndBl&
let pf 7g..l«00
OInd& litpf 58... 1938
Peo it Bast lit oon 4a. 1940
1990
Income 48
010C4 Ind coMOl 7s.. 1914
Oonsol sinking fd 7s... 1914
Oeneral oonsol gold 68. 1934
1934
Registered
W
W
96H Apr'99
98
•l04
J -J
Ol«T & Pitts. Bet Penn Co.
Ool Mldl'd— 1st g 3-3-48. 194
1947
Istg 48
1929
Col & Sou Istg 48
Ool & 9th At. SMMetStRy.
Oolnm & Qreeny. See So Ry.
Col & H Va'. See Hock Val.
eol & Cin Md. See B & O.
*
86
30
85:M
llSis J'ne'99
103>< Apr'99
118^^ 118J<
103>i 103^
Apr
28
J-O
J-D
•135^
J -J
J -J
133X
113
86
85
30
Ga4
83
I
.1
'
J'ly'99
131^137^
108^ in8U
108
108
130
l34«^J'ne'99
128
134}^
62
69
108
72
62
78
89^
S9%
63Ji Sale
Sale
dale
.1
.1900
Y Lack & W
1st 6s. .1921
1923
1923
1900
Oonstraotion 6s
Term & Impt
4«
Warren 2d 78.....
D il & Hod 1st PaDiy7s.l917
1917
Reglst«red
& S iS 1st conga 781906
Registered
1906
lb
1906
<Jo!d 68
140
140
146^
142U
118« Apr'9«
108>^ J'ne'99
108^10^-^
Sep.'98
May'07
120^ 120^
122
116
J'ne'99
J'ne'99
J'ne'99
08
108
May'98
90
105« May'99
100^
109M
93
106H109
14 100
104
31 IOSJ< 1127^
6
106
108M 109^
BMM&Mlnn. SuCb&tlW
. .
DetAMack lstUeng4s.l995
1995
Ckild 4s
Dal * Iron Range Ist6s.l937
AegUtered
1937
8d lien mortgage 68 ... 1 1 J -J
Dal Red
AS Istg 5s. 1928 J -J
Dal So Shore & At g 68.1937 J -J
Eaatof Minn. S««StPM&M.
108
Sale
68
110
W
Apr'99
8
69
J'ly'99 alO
113
114
Igtn Jol & B 1st g 68. 1941 M-N 109 Sale
111 Lex * B S. See C & 0.
ImCort&No. S«eLeh&NT.
rl« 1st ext g 4s
1947 M-N 1I8H 181
Maxtgold 6g.
1919 M-8 181«
Sd ext gold 4Us
1923 M-S 116
100
100
1920
1928
lit eoiuol gold 7s
1080
Ifteonaolgold fd 7s.. 1920
Iiong Doek oon gold e«.1935
N T AKrie Ist 7f.l916
W gold 6s.... 1908
Small
1908
Goal &
A-O 121^
J-D 104
M-8 144^
M-8 140
A-O 141
J-D 18««
J-J
104
116
1st oares.1913
116
108
Dock & Imp
J-J
M T & Oreen L gng68.1946 IW-N
Small
1946 M-N
rle lit oon g 4a pr bda. 1996 J -J
Baslitered
1996 J-J
Utaongenlleng 4i....l906 J-J
Baflaterad
1O90 J-J
M 7 B & W— lit ref 5i.l937 J -J
SdgoldiWi
1987 F-A
0«neralg5i
1940 F-A
TennbuJ lit f 5a. 1943 M-N
BagUf D,00« MMh.ieiS M-N
WUk&Baalatgn g6al942 J-D
Mid RRofNJ lata 0al910 A-O
* L Bop. BteOSiUVf.
HnnkaBprlnga latg 68.1933 F-A
4k T H lat oon es.
1981 J-J
lit general gold 5s. ...1948 A-O
Mt Vernon 1st 6s
1088 A-O
SaU CoBr'oh Istg6a..l930 A-O
. . .
t
.
riaCenft Pen Istg 68..1UJ8
lat land gr ext gold 58. 1 930
Oonsol gold 5s
1943
Ft 8 4 V B Bge. Set StLASF.
118
181
181
J-J
146
....
73H 78
Bid.
,
Pref
Bonds
67)4
5s
1st 68
Datrolt
(J
City)— Stk
M4N
Gas— See N T Bxo
181
181
106H lOOH
10 148»
146M
i'iiii
isiii
140
140
100
106
116
illMllOH
••••••
••••• ••••••
'••••• ••••••
••#••• •••••
•••••• ••••ai
Oct.'08
64
"os
79
78
Bale
illH
lOSM
"75
I02\i
J'iy*99
182
1069)
J'ly'9i
66
NOT'OT
18SM
J'ne'99
188«,
183
108
108
Sale
101
.....
184
1069^ Bale
107
116
92
108
h.llit.
O
1046
mo 4 N lit g iitpfei.iei4
GoldgnarSi
...1014
Leh 4 Hud R See Cen of N J
iMH 4 WUkesb. 8m Cent NJ
Leroy 4 Caney Vai. Se« Mo P.
Lex AT 4 P F. am Met Bt Br.
OB
N T4B B
• • I «
• •
103
J'ne'99
192
128
106
\05U
110
98«
106
J'ne'99
101
Mar'OO
* •
08
61. ...1087
B4M
1011
lat 6a
Nor Bhb litoon ggn8i..'88
N T Bay Bz B lit ga g Si'43
MonUnk Bx gn g Bi. ..1046
La 4 Mo BIT. See Chi 4 AIL
(j B 4 St L Oon on g Si Tr eerta
General gold 4i
1043
Lou 4 Nash—Cece) Br 7il007
N0 4Mlltg6r
Sd gold 61
1089^
BH4Nash
M-8
J-D
110
101
''O
65
Ask.
641^
and aiked this
80
«2
81H
«4H
twettk.
Seonrltlee.
Bid.
62
76
J4J
1925
Grand Rapids— Stock
85
23
90
83
58)4
117)4
96
110
100
1st 5s 1916
F4A 106
Hartford (Ct) Gas L... 25 t 43
Indiana Nat4 111 Gas— Stk
48
1st 68 1908
M4N 68
Indianapolis Gas Stock. 182
1st 6s 1920
M4N 106
Jersey City Gas Light.
308
Laclede Gas- N Y Stock Bzch.
Lafarette (Ind) Gas— Stk
65
1st 6s 1924
M4N 81
—
. .
RAal8t«red
«6?4
DveAogoit.
Wayne (Ind)— Sto A
Unified g 4s
87X
(Given at foot of
Gae
Fort
Gold 6a
Mar'98
Ask.
67
78
106
108
62
78
128
106
212
70
84
7
t
Dae April.
'
104
101)4103)4
10
107
107
97^4 104)4
10754 116)4
68«
113
103^ 10754
103)4 108)4
10454 107
10454 10454
103
107
104
14)4 J'ne'99
ibs"
;b3)4
M
"91)4
'
60M
91'
103)^
SO
'26
81
'"2
94'
108)4
114)4
'98«i05)4
93)4
105)4
103^ Apr '9u
May'99
123"" 183"'
\i%% May'99
lao"' 12894
123
100
Apr'99
100
104)4
Feb 99
104)4 10^)4
121
121"
123
8ep.'9S
90
Feb '90
Deo '98
Mov'98
11,6)4
J'ne'99
106
Apr'99
9494
106"
i'ai'
102)4106)4
104)« 108
126
97
188
91
6i% 23)4 60
10 107
113)4
1
134
93
134
Sale
02^
64)4 64
Sale 113
M-N
M-N
J-J
J-J
A-O
A-O
J-J
J-J
M-8
M-8
A-O
A-O
60
Sale
85
43
6094
1199^130
119)4
110
103
110
64)4
116
108)4
104
109)4
100)4
5854
"^^
116)4 1«1«
103)4 110)4
106
100
118W
J'ne'99
103)4 108)4 J'ly'99
....
Aag'98
26 106>4 lll«
109)4
113
•113
lOOM
•100
01)4
180
101
'.'-'.'<
Bale
118
118)4 Mar '09
109)4 J'ly '97
96 J'ne'OO
Feb
08
•••••
100^
101
118M
•
'00
••••••
•••»••
••••a*
•••••
96
9<
01)4
B*
..•••• ••••••
29
SSMMay'OO
36
JJ
M-8
J-D
J-D
M-8
^•«
M-8
M-S
!84)4
104
100
101
;"J««»
0054 101
I
M-8
M-S
1080 J -J
One JanoaRf.
184)4
•
• • • • • •
• • •
• • •
1S«M
88
87
ISO
1>4W
••••• VJiX"
100
101
100
101
101
«S
100
ioe'
180
110
06
IM
08
00
••••• 100
Jaii.'80
100
io3*
••••••
••••••
107"
Jan.''90
107
107
••••••
100)4
Apr '00
10U)4 100)4
J-J
....1980 J -J
1937
1940
1940
• • • • •
•
58
M-N
J-J
J
e
J'ne'99
106
Nov'07
13154
18194
iai)4
181),
105)i
181H
118
121
113
113
118)4
118)4
Ill
109
78
10
118)4
121
109
Deo '98
6754
6794
107
Not' 98
109
109
J'ne'99
Sale
60
6
113
117
107
J'ly '99
109
186
67J4
99->^
19
66
56
J-D 113
J-D 117
M-S •118
M-8 127
1980
2dg3s
M-8 66
1900 J-J
Nash 4 Deo lit 7i
8lnkfd(84A)g 6a. ...1910 A-O
lOOMlOT
103
May'99
106)4 J'ne'99
104H Jan.'99
106)4 J'ly'99
101
Mar'y
100)4 Sep.'98
105
44NAoongug5s....l936 F-A
106
80
Sale
107
104
•104)4 IP6
•
litg 6I...1910
1980
General gold 6s
Peniacola dir gold 6s. 1920
1931
BtLdlT Istg 61.
180)4 1><
100
101
g
1087
Boon g 61.. 1935
NY
Bklyn4Mon lit g6i. 1911
188
•••••• ••••••
aaeeat •••!••
lat
Sd Inoome
102U
111^
191X 185«
100)4 108^
108
101)4
36
.
lat oon g 4a
1081
General gold 4a. ...... 1088
Ferry lat gold 4M
1088
1088
Gold 48
Debenture gold Si.. . . , 1084
119)«
ibo" ioa"
113)4 J'lv '99
W'ihi Nov'9
106 J'ne'99
103)4 Apr.'9ts
J-J 102
A-O *106
M-N 134)4
M-8 93
Lone Oook. £lMBrie.
Long Iil'd— lit oon g 61.1081 Q-
08M 108U
190
A-O
M-N
M-N
J-J
J-J
F-A
F-A
J-J
J-J
J-J
J-J
J-J
J-J
J-D
J-D
F-A
L B4MlitgSil987Trotfi.
eSTi
May'99
C.
NT Cent.
Re^itered
101
99)4 108)4
'98
M 8.
Registered 53
1997
N T lat «mg4)4i.. 1040
Reglatered
1040
Leh YTerRy litga g5al041
Reglatered
1041
L V Coal Co lit gn g Si.. 1033
Reglatered
1033
Leh 4 N T lit gn g 4i. ..1046
70« 77
111)4
•••••• ••••••
•••••• ••••«•
'
See Blrle.
See L 8 4
See Tol 4
See
Dec
Sale
J-J
lit g6a.l937 J -J
8d gold 6a.
1941 J-J
North Ohio lat gn 6a.. 1946 A-O
08^ 06
08
17 107
110
MH Aog'iS
101
1st 68
Preferred ...
8454
1st 5b 1932
J4J n05)4
Oonsolld Gas(NJ)— Stck
81
lit 6s 19ii<)
J4.T
87
Oonsol Gas (Pitts)...
31
Oonsam Gas
• • •
181
U««116«
103
J-J
W
Lake.Brle4
20
105)4
lu«
I
E C 4MR4B lstgug68.1929
K C P 4 G Ist 4 ool g 6S.198
Kan C 4 Pac See M K 4 r
Kansas Mid. See St L 4 8 t
Kentucky Cent. See L 4 N.
Keok 4 Des M. See C R I 4 P.
KnozTllle 4 Ohio. See So Ry.
•••••• ••••••
42
.
>
Feb '00
78Ji
'118
94
Colimbns Gas Light 4
KR.
A 4 G R.
Kal
an Mich.
J -J
J -J
5». «
Heat— Com
1
J'ne'99
110
OUTSIDE SECURITIES
8eonrltieB.
Jefferson
••••*<
108K
price Friday; theae are lateit bid
H 4 L (F .storta)
181
lieu
9BU May'09
U D Co Istg 4^8194 J -J
Ft W 4 D C— 1st g 4-68 1931 J-D
Ft W 4 Rio Qr Ist g 3-4s. 1 928 J -J
Gae
May'99
"e2M8«le" "esii
108H
CO C 4 St L,
.
Fort St
nity
See
Lehyal(Pa) ooUg6a..lOe7
I15«183«
106H Apr'99
144H
148 Dee '08
1S9M Apr '00
140 Feb '00
100
J -J
A-O
M-N
A-O
lndB14W.
111M116
104M 111
J'ne'99
116H
106
116
• •
4a.
L«h V
•••••t ......
. . .
yAInllitoongng 6a. .1080
FargoABo. SeeOhM&StP..
Flint* Fere M g 6s. ...1920
lat oonsol gold 6s.... 1939
PtHoronDlT let g 6e.l989
TBo
36
r
1st ga gold 6b. 1909 A-Ul
Brie istg 6a... 1982 M-N
RR 1st go 6s.l922 M-N
JaffUR
Ohio*
1952
1953
1953
Ind Deo 4
1st g 5a
1936
Ind 111& la l8trefg58..1948
Int4Gt No lat gold 6a. 1919
2d gold 6a
1909
3d gold 4s.
1921
Iowa Central litgold6s.l938
Iowa Midland. See Ch 4 N W.
LS4MS.
.
4th ext gold 6s
Sthextgold 4a
Baff* 8
69
111
See.SoRy.
.
Btiff
68
106
••••• !•••«•
98M Feb.'99
114
Sale
MtTVa&Ga.
107}< 108
105
Bale
. .
4
M-N 106
J-D 90
J-D 69
A-O 110
A-O
Low. High. No. Low. High
Asle
W
W
Jan.'99
Sale lOOJi
109>i Bale 109H
106>i 106
132
117?<
114^ 117i«
160M 163
180>i May'99
luO^
1936 J J
litcong4Jis
1936 J -J
Improvement gold 68.1928 J-D
Dei M & Ft D. See C R & 1 P.
118\«
133
116
l'4.
114
1951
1951
ioijji Sale
.1958
1953
9i" ;;;;;
1951
1951
Gold 3)^8
!!!!!! 103)4
l»51
Registered
1951
Cairo Bridge gold 4i. .1950
Reglstored
1950
123
Middle Divreg 5s
1921
Spring Dlv Istg 3)48.1951 J -J 102).^
Registered
1951 J -J
Clao8tL4N Og 61.. 1961 J-D 197
Registered
1961 J-D
Gold 3i4s
1951 J-D ""is
Registered
1951
Mem Divl8tg4s....l951 J-D
J-D 106)4
Registered
1951 J-D
Bellev 4 Car lat es. .1923 J-D 180
St L Sou Istgug 4a...l931 M-8 106
111
Carb48 Istg 4s
1932 M-8 *96
Aug'9«
120« Apr '99
U6«
87« 100
(.stcong 48
con g 4)^8.1999
1999
l8t
Registered
LoolSTUle Diy g 3)4s
Registered
St Louis Dlv g 3s
Registered
ibsji ill
143
1U8
146
143
.
9«s M Dn Ry 1st g 68. 1917
B«tM&Tol. Se«L8&M8o.
1st
HV
L N O 4 Tex gold 4s
Registered
Colltr 2-10 gold 48. ...1904
Registered
1904
I24i^l34>|
142 144
Mange
time
Jan.l
Fa Co.
Roistered
138
117
141
*
70K 78
85^ 90
Last Sale.
ext g 48.1948 A-O 107
Honst B &
T Ist g 58.1933 M-N 104
Hons 4 Tex Cen. See 80 P Co.
illlnoisCent Istg 4s... 1951 J-J 114
Registered
1951 J-J
lat gold 3)48
1951 J -J i08'
Registered
1951 J -J
lat gold 38 sterling. ...1951 M-S
Registered
1951 M-8
Coll Trust gold 4a
1952 A-O
126^ 126^
126H J'ne'99
ia4Vg J'De'99
142 J'ne'99
107
8ep.'98
108H J'ne'99
143 J'ne'99
140 Oci.'9h
142 J'ne'99
J-J 138
F-A 121
M-N
A-O 105
M-S 142
M-8
A-O 1841^
A-O •116>i
A-O lie
A-O
M-N n68>s
Registered
1906
Bens & ear l8t7s
1921
Registered
1921 in-N
D 8l Riy RR Bge. See Pa RR.
UjnConTr Co Istg 5s. .1933 A-O
Den Tram Co con g 68. 1 9 1 J -J
MetRy Co 1st gu g 68.1911 J -J
in & R Gr 1st gold 7s. .1900 M-N
1
297
See
Western Line Istg
J-J
A-O 108«
J-D
J-D
98
64
72
90
July
LXIX.
Week's
J-J
4 St J. SeeCB4Q
Han
ousatonlo. See NYNH&H.
C0I&
108
F-A
Bssez 1st 7s. 1914 lW-N
1871-1901
1915
l«tcon guar 7s
1915
Registered
Grand Hap 4 Ind.
Hock Val
108HFeb*99
Range or
105
A-O
Ga Car 4 No Ist gu g 5s. 1939
Georgia Paciflc. See So Rv.
Gila V G & Nor. Sec So Pac Co.
135)4 133)4
106
98
- J
-
H4H
Registered
134K
[Vol.
Price
Friday,
Bid.
82% 88^
83
J'ne'9«
138>< J'ly'99
Ool Conn & Term. See N&W
0onn & Pas Rlvs Ist g 48. '43 A-O
Oak&OtSo. SeeCM&StP.
alias & Waco. Se«M K&T.
D »1 Lack & Western 78.. 1 907 M-S 136i.<;
ByrBlngiN Y let 78.1906 A-O 184
IT
97
104
1938 Qn-J
Registered
&
95
102
-J*
t
0&8 Ist M C C C & 1 78.1901 A-0
& Wb con Ist 58.1933 A-O
01«T & Marietta. Set Pa KR.
01*T A Mataon Val g 5*.. 1988 J -J
?
7i
l03Ji Mar'9H
2.
Har &
8 A. See 8 P Co.
of '83 Ist 58.1913
Ala Ry Ist pfg 5s. 1945 A-O
lat cousol g 5a
1945 j-jir
('ial
V:«al
Q-Ft
M-N
J-J 116^
OlliOr
Morris
1.
Low. High
High
Page
(5 pages)
BONDS.
N. Y. STOCK EXCHANGE
Week Ending July 14
(Con.>
j-j
W&M D1vl8tg4s.l991
48.lM8rt Q-F1
Olnl
Jan
La*i Sale.
prices
106)4 109)4
10
109
98*g
8'5<
46
99)4
107^110)4
94J4 lOOH
-J
T
Dae
October.
SBoadida* J«lK
oonsboctivb pages).— Q'^-^ 8ECURTTTES,
Bid. Ask.
Gae Securtttee.
66
50
Loganspt & Wab Val— Stk
78
J4D 71
Ist 68 1925
82
80
Madison (Wis) Gas— Stck
A40 {107 111
1st 6s 1926
65
60
Ohio 4 Indiana— Stock
73
J4D 71
Ist 68 1928
Peoples Gas & Coke— N Y Stock Bzch
Philadelphia Co— See Bos ton L 1st.
46
46
8t Joseph (Mo)
95
J4J 93
5s 1037
63
60
8t Paul Gas— Stock
91
Oonsol 58 1944 ....M4S { 89
19
16
^yraoase Gas — Stock
Gae 8eeurUle8.
Syr'seGas- lii 58 "46. J 4J
3»tem Gas Mil w)
W58— See N Y 8t Kx
(
Teleg.
<fc
list..
Teleph.
American Dint Tele— NY
Vmerican Tel 4 Cab— NY
Central 4 South Amer. ..
7he8 4 Poto Teleph— Stk
.
Bond
1
5s
ommerclal Cable
ommer Union
Tel (NY).
Baaplre4Bay State
{And
Tel..
Interest. tPrloe
a Optional
d^r
H11
.
July
THE CHRONICLE.- T'OND
15, 1899.]
Price
Friday,
July l-l.
BONDS
I.Y.8TOOB. EXCHANGE
Wbbk Endwo Jdly
Last Sale.
A-O
M-N
M-S
F-A
J-J
M-N
M-S
Jan.
1931
4^^8.1945
NFlaASlstgugSs ..1937
Kentnoky Cent g 4i. 1987
IiOln&Lezg 4^8.... 1931
L&N&M&Mlstg
.
&*JeffBgeCo gag 48. 1945
L N A & C. SeeCl&L,.
IiOniiBrCol8toong38.1930
MahonCoal. SmLSAMS.
*108
110
95
Sale
112
1.
Bway&TthATlstog 58.1943
1943
Ool&9thAT 1st gD gSt. 1 993
BcKlstered
1993
Lax At&PF Istgu g 58.'93
Registered
Registered
to
lOftJi
I
118
119
109
Mar'98
110
118
J'ly'99
101%
lOlH
J-D
J-D
M-S
M-S
M-S
M-S
O8M
in
101
Bfezlnternatlsta
!''<
95
43 116
119
lOlJi
2
.
ll2^
lOOKlOli^
<a a 4 8.'77
W
MUBlRy&LSO-yrg 68.1926
M L S & W. See Ohio & N W
MU & Mad. Su Cblo & N W
MU* North. 8e«ChM&StP
M-S
nSSg 124
131
133>4
li6
1235^ 127
i85^
134" i""
77
J'ne'99
J'ne'99
12H
Sale
i-0
"sdj^SaVe*
86)^
1^4 29>
96^
14
97
NY A North
Registered
Consol 2d 78
Registered..
J-D
Paolflo ex 1 8t gold 6s 1 92 A-O
1st 0OD8 gold 5s
19S4 M-N 115
Ist and refund. 4s ...1P49 MS
M &P 1st 58st 4siijtgu..'36 J-J
M be)J)4*A Ist g 48 int gu. '>i6 J -J
MBtP&SSMoong4Blntgu'38 J-J
188
115«
98H
lOO
Deo '98
115X
2
99
43
Mo Kan & Tex— Istg 4s. 1990 J-D
8d gold 48
1990 F-Al
1st exten gold Ss
1944 M-N
MKATof Tl8tgug5s.'42 M- 8
KO&Pac Istg Is.. ..1990 F-A
Dal & Wa 1st gn g Ss. 1940 M-N
Booney Bdt; Co gu g 7s '06 M-N
Tabo & Neosho 1st 7a. 1008
MoKAB Istgng Ss...l»42 J-D
A-O
Mo Pao— lat oon g 61... 1920 M-N
8d7i
1900 M-N
93
Sale
Sale
88)^ Sale
90^ sale
6?«
88^
88
79
95
95
78
58
88
93H
68^
150
135
137
iioii
9814
ll'fii^
89
91M
6BH
83
86
91
lOl
J'ly'99
75U
Apr'99
86
. .
1917 M-at
1917 M-St
1920 F-A
1920 F-A
5s
Bagtatered
•107
108
107H
11 0^ Sale
118
....
US
lOOH
Sale
97
98
Sale
96
115
Baglstered
Pao R of Mo 1st ex g 48. '38
Sd extended gold Ss 1 938
art
Istg Ss.. '86
08
373
Mob ABlrm prior lien g Ss.'45
BmaU
Inoome gold 4s
Mob A Ohio new gold
1945
6s.. '87
1ft axtanaion gold 6s. 1987
Oanaralgotd 4a
1938
MontcomDiT 1st g 5s. 1947
Bt L A Cairo gn g 4s .1931
.
MohawkAMal. SmN YO A
Monongahala Rlr. Sm B A U
Mont Oant. Sm St P M A M.
ill—
88
112
,
100
99
106K
UiH
1061<
107H
114H
lllM
100
J'ne'90
Na pnoo
lis" lis'
128
3^
106
106
107)4
118^
111
109
108
119W
May'99
103
108
Feb.'98
.....
....••
>.... .....t
121M J'ne'98
185« Jan.'98
106H Feb.'98
107M
123
Oct."'98
108
188
Sale
123
lU&H I06W
114)^1173
114W 116)J
J'ne'9«
105
123
1
J'ne'99
121
J-D
l8treg4s.'03
...... .....a
Jan.'98
83
107^ 107^
106^ Apr'99
1055^ 108
lOSi^ 105M
l04^ Oot.'o7
18^H 167H
184 Apr'99
ISOH Aag'98
••eaf ftaif*
117?i J'Iy'99
113)4 J'ly'99
1133 lie
106^
,78
178
17«
16
106)^
108
191
184
liiii
loe^
101>»Nov'9a
102
General Hen g 8f
Registered
...8047 O-Ft
Wash Cent Istg 4s.. .1048
Nor Pao Tar Co 1st g 6s. 1933
87
M-N
M-N
A-O
F-A
J -J
M-M
A-O
A-O
A-O
gngSa....ie88
VAN Blatgng4a.ie80
1006
1006
114^ 180
117 Oct '98
mii i's'iM
181J< May'99
180 Sep.'98
213 ioi« loeji
104
103?^
108 104«
102
108
"88
60^ 70
68
87«
119X Apr '00
10S>^ Rale
Sale
e7M Sale
1007 y-j
8047 y-Ft
RagUtared
A Mont. Sm N.T.Oant.
OIndAW. SMUOOAStL.
hlo A Mlas. Sm BAO 8 W.
181M IBSM
181M
181X
'•••a*
* aaaa
af aaaa
Ohio RlTor RR 1st g 6f..ie3^ J-D
Ganaral gold 6*.
1037 A-O
StL Istg 4s
1001 J -J
Ore A Oal. Sm Bo Pao Oo.
OroRrAIfaTlstff gOa.lOOO J-J
Ore BB A NaT oon g 4fl. 1040 J-D
Ore Short Line Istg Oa. 1038 F-A
Utah A Nor If 1 7a
1008 J.J
Gold 5a
103(^ J-J
L—
Bb
lat
oon
Ora
g 6a.. 1046 J-J
Non-onm InoASa
1046 Sap.*
Non-cn Ino B A ool tr..l946 Oot.t
10611 NOT'07
\OBli J'ne'90
....,
taaaaa
<
116
•OH
05
08
DO
1
J'ne'99
»0
May'90
113
J'ne'99
06
110
•
108
107M J'ne'99
I07M 107M
•186
184
136
188
J'ne'99
ISO
....
OOH 100
100
lOOJi
•
94H
96«
06>t Sale
•aaaat aaaaat
f««*«i taaata
185
.....t
....,
NoT'oa
117H Aag'08
101
Fab '07
•107
Mar '00
f a a a
••aaaa aaaaf
aaa* ••••f
f • • a
115
• a a f
0mA
116
OswMO A Rome. Sm N Y C
lis 117), O O FA Bt P. Sm C A N W
112 117H PaoCoastCo— lat gSs. 1046 J-D
aoot Missouri. Sm Mo Pao
107W HSU
1133 1183 Pinama istsfg 4^s....iei7 A-O
Sf subBidyaOs.
1910 M-N
PtnnCogu iBtg 4)^s...l081 J -J
103H 105
Registered
1031 J-J
Gtd 3 t^sool trust reg. 1037 M-8
P C C A St L oon gn g 4Mb—
I.
J-D
M-N
M-N
113
lia
Sale
us
lOOH
118MJan.'09
109H
lOOX
8ep.'e7
103i4 J'ne'99
i04MFeb.'e9
108^
104^
•102V»
Teleg. Sc Toleph.
Bid. Ask.
Teleg A Telep.— ^'ee Bosto nList
Pranklln
42
60
118
Qold AStook
Bonds
90
Endson River Telephone 101 104
115
Intematlon Ocean
815 330
Mexican Telegraph
Mexican Telephone Scc Bosto nllst.
—
. .
113
75
113
J'ne'90
J'ly'99
100>^
J-J •noM
J-J
F-A 1019i
F-A
Mew Eng Telep— S«« Boat' on list
North we»tern Telegraph. lis
179
N Y 4 N J Telephone.
118
118
109^
•108
•108
•103
rle
....
J'ne'99
J'ne'98
llOJi J'ly'99
U0HU3i4
BarlesA
1040
1942
1942
1945
Series Bgnar
111« USX
118H Apr'99
Series Cguar
Sale 1019i
108% 896 99M 103
103
Series D 4b guar
98
108H J'lr'99
and aakad thlf waak. tDaa Jan. * Due Jan. U Due June.
(Given at foot of
Teleg. dk Telnph.
Southern A Atlantic
West'n Union Teleg— N
Y
7
18
869
OOM 101
RHu oa
J'ne'99
Bid Ask.
92
95
Btook Bxoh
EleotrSc Coinpanlea.
Allegheny Co Light Co... 16S
48
Brush blectrlo Co
Br'dgprt (Ct) HI Lt Co.35 t 47
Consol Electric Storage
10
102M
189H
Klectrtc Mfg C0..85 t 13«
Edison El ni Co
N Y Stock
Edison El 111 Co Brk— N Y Stock
NY—
BdlsoD Ore MlUing Co....
20
15
Hxch
Bzch
10
Bale
Wayne
A
Bleo. Co. .85
—
'"ik
40.
May'OO
112
108
118
108
113«
.
91
7
8
16
as
M
110
114
100^ 106
138
181
1»8X
108
88
116
06
181
95
llSTi
06
73
78
108)i
103H
103)i 108
J'ne'99
114M118
06
75
104
lOSH
133^
Mar'Ow
May'07
181
•
5
«5M 1*H
105
'il6«:
118
1133
ll8MMar'99
M-N
Bid.
Jan.'e8
76
188«
•180
•114
•113
• 06
A-O IIS
A-O U7H
M-N 113
Dae May.
Electric Companleg,
Bast End Electric Light,
EUeotro- Pneumatic Trans
Fort
173
48
}
108
80
Sale
108
T
Dae Not.
oonsbcutive pages).— 7'^iy,
Series
Eddy
184
115
80
•100
87
.
OUTSIDE SECURITIES
MAN
115
180
189
.
Friday; these are latest bid
6s 1980
Paolflo A Atlantlo
A Greenw Lake. See Krle
A Har. Se« N Y C A Hud.
Lack AW. Se« D L A W
L K A W. See Erie.
Baglstarad
Bmall
-J
Beglstered
1903 J -J
Dabentore Ssof .1884-1904 M-g
Baglstered .... 1884-1904 M-8
Bag deb Ss of ...1889-1904 M-8
Dabentore g4fl.. 1890-1905 J-D
*
Y
Y
Y
Y
OOATla
I.
1997
1997
Lake Shore ool g 8!>{8. 1998
lEleglstered
1998
liSM
Nor
HR— 1st 7s. 1903 J
Registered.
110M1179<
1099i
128^ 188
129"
103« 1039i
106H J'ne'99
115
A-O
1937
ImprrmtAaxt g0a...l034
100
HtO AN Bprlorllen g 6b. 1915 A-01
GSHs
J'np'99
,
10S?i
Reglatered otfa
1933
Prior Han r A I g g 4f . .1097
MawAClnBdge. S««PennOo
...1890-1906
DebtoerUeztg 4a. ...1905
Reglatered
1905
123
123
Oanl8tRRALaafgaa.'81 J -J
Registered
1031 J -J
Bt P A N P gen g «s...ie3d F-A •184
MawHAD. SmNYNHAH
N J Jnno RR. Sm N Y Cent.
M J Bonthem. Se« Cent N J,
Registered
1940
1940
N A W Ur Istoong 4a. 1000
180
1901 J-J
1938 A-O •107
IftOsTAPb
1917 J.J
•»«
1ft OsMoMMWAAl. 1917 J-J •114
ist gold Ss Jasper Boh. 1 933 J -J •115
ITaabFlorABhaf. Sm LAN
L
N
N
N
N
Bolo
ad6fl
tft oon gold 6s
See
188
Sale
Northern PaolflOr-
08
J -J
NaflhChatA8tLlft7s.'lS J-J
T B A Man Boh.
123
123
Convert deb certs 91,000
A-O •187H 190
Small certfsflOO
Housatonlo R oon g 58.1937 M-ii 129
06
N H A Derby oon 5s... 191b M-N 117
71
N Y ANHlst7a
1905 J-J 117«
91W
lat Oa
1905 J -J 113
91
N Y A North. Sm N Y O A H.
38
N YO A W. Ref Istg4sl992 M-Sll I06H Sale
95
Regis 95,000 only... 1992 M-SII
N Y A Put. Sm N Y A H,
100
111)^115
MonUok Bxt. Sm Long Is.
Morgan's La AT. SmSPCo.
MorrlflABasex. Sm Dal LAW
M T Bay Bxten RR. Sm L
Apr'99
Ang'H8
M-S
M-8
f^J
J -J
J-D
A-O
Nor Ry Cal. See Cent Paa
Nor Wis. Sm C St P MAO.
Nor A South 1st g 6a. ...1041
108
113
107
J-J •129
J-J 128
II-N no
M-N 104
185 130^ NoTfolk A Western131^ 137U J'ne'OO
Gen g da
10
117 12i
181M J'ne'99
"37"
O
Sale" 86
87X 100 88« 88)^ Mew Rlrer Istg Oa.... 1088
F-A
113
110
-J
'
J-D
114M J'ne'99
J-D nio lUH 111^ J'ne'99
HI Apr'99
J-D
A-O *:07
108M Deo '97
1931
1931
Regist'-red
106
S 105
854 106
110
lllH J'ly'99
Sale
1
I
.
A-O 114
A-O •118
J-J
J-J
J-J
J-D 137«
27
10?«
1013^ 107K N Y A R B. See Long Isl.
119H 139 lOSM lilH N Y S A W. See Brie.
N Y Tex AM. Sm 80 Pao Co.
J'ne'99
114
117
100« 008 OIW 100J< North Illinois. Sm Chi A NW.
North Ohio. See L Brie A W.
F-A 100 109H 109
109
J-J lll«
UlM lUM
VIA W
M-8
fa* ••*•*•
LarorAOT AL lstKBs'86 J-J
BtL*IMtlstextg4^s.'47 F-AI lOdH
106MMay'e9
Maxtg6s
1947 M-N 106^ 106
lOSVi
105H
OanoonryAldgrtgSs'Sl
SanoonstampgtdgSs'Sl
MlaiBlTBdge. SMChloAAlt
F-A?
? D
Mloh Centrist oon 781902
1st oon S«
1902
6s
1909
NYNHAHart
93^
129
JS
NYANH. SmNYNHAH
68
l!i9
A-O
Bate A St Istgng 88. '89
N Y Chic A StL Istg 4s.l937
145
181
137
Minn St Ry Ist ecu g 3s. 1919 J -J
Minn Un. Sm St P M & M.
lOOM
J'ly'98
J-D
A-O*
A-O
T
1st 58.1934
Registered
.
06
M-N
1900
1903
1903
1997
1997
Registered
14
103H 105H
121
Jan.'99
103
May'97
J -J
KAAGR
Apr'99
lOS^i 108
104
T-
J-J
1927
let g 5s..
Registered
160
181
127
102
97H 100
115
114?i
115 J'ne'99
108
Nov'98
106
J'ne'98
3X
J-J HO
J-J
J-J
ClnA S lstgLSAMS7s'01
lstgo58.1938
lOQH Feb.'99
115
11
- T
Lake Shore A Mloh South
Det Mon A Tol Ist 7sl906 V-A
Lake Shore con I8t7sl900 J-J
MahonC'lRK
»115«
D
-D
123
J
NYAPutl8toongng48.'93 A-O
B8H 77
16H 85^
14
98
J'ne'99
Moh A Mai Istgu g48.1991 M-S
A Ad Ist gn g 4s. 1981 J-D
71
Apr '99
Feb '97
Low. High,
1015^
1015^
100
May'OU
104
104
108
1,
Cart
«s
.
1ft ooll gold 6s
sinee
Jan.
Last Sale.
F-A
.
6s
Iowa ex Ist gold 7s... 1909
South West ex Istg 78. "10
T Oant A
ABU
Gold 3>^
F-A
MU & St P. Sm Ch M & St P
Mtn & 8t L ga. £le« B C U & N
Minn & St L— Ist g 7s 19?
.
Week's
Range or
J -J
W
W
6s
Mloh Cent. Se« N Y Cent.
Mid of N J. See N Y 8U8 «
II
Ist 7s
Registered
N J June a gn Ist 48 198(1
Registered
1986
West Shore Ist 48 ga. 2361
Registered
2361
Beech Crk 1st gn g 48. 1936
Registered
1936
2d gu gold Ss
1936
Registered
1936
Cleartield Bltum Coal Corp
Istsf Intgug 4»8er A.'40
Small bonds series B. .'40
Gout AOewe Istgu g58.'42
R *Ogoon lstext3s.'22
Nor A Mont 1st gn g 5s. '16
R A O T R Istgu g 5s 18
OsweAR 2d gug 58..1915
Utlca
Klv gu g 4s '22
12151
188'
v!OJ^
Via
60
1998
1900
1900
Harlem
110
108
106>i 110
97
01
186
J'ly-f
1927 J-D
Sdlno 68 ACp 8tmpd.l9l7 M-8t
iid inoome gold 68 B..1917 An.t
Irfax North l8t gold 68.. 1910 J-D
Registered
1910 J-D
Max Nat Ist gold
....
*125H
. , .
58
Range
Pnee
Friday,
July 14.
F-A
F-A
M-N
M-N
F-A
1 998
.
Registered
ll.S
108
108
12S%
1235^
123 J'ne'99
1235^ 134
•182^
J-J
4a. . .191
lit oon Income g38...1939
td oon Inoome g 3s.
19u^
qalp&oollg
12
3.
Low. High.
N YCent (Con.)
Mich Cent coU g 3^8.
.
MoK'pt&BV. S«ePMoKJtY
Metropolttan Kl. See Man Ry.
MetStRygen otrg58..1997 F-A
VnutB
BONDS.
^1
N.Y. STOCK EXCHANGE
Week Ending July 14.
99
9694
J-J
anhattan Ry oon 4f. 1990 A-0
MetropolBl l8tg68...1908 J-J
Sd68
1899 M-N
Man B Oolonls g 5s. .1984 J-D
aCarketStCRy Istg 68.1913 J -J
Max Cent oon gold
Page
(5 pages)
Loto.High.
100^
999i
11294 J'iie'09
'«»
J'ly
108H
108 Jan.'99
110
110
97
J'ne'99
08 Jan.'9»
995i 100
eag 68.1921 F-A 112H 1L6
W
since
Ask. Low. High.
Bid.
.
Range
prices
'j;fti
(Con.)
Col tr 5-30 g 48 ....1903-18
Atl 1st
OolltrnBt g5s
Week's
Range or
14.
Lon & Nash
Pena&
J
.
Ask.
108
NOT'98
118
118
118
107
Not' 98
114MH8
114**
1)9
USX J'ne'99
Deo
iievi
'98
a Ttaafa are option fa at.
S ELEGTRIG, Sc
Eleetrlc
]
Co'-'-oanlee.
r
Bid.
Ask
141
100
18
12
# 9e»i
9^M,
106
Bi Co.. 104
il.t'O.
To'onlolCtUi
"i« Tl. JO) BoustVN c x.* Co.
8a Driied KJeciitA H Co ref
140
i
Bond.)
General Electric d
N Y Stock Exoh Woonsocket ;R P
Do pref.— See Boston L Ist.
Hartford (Ct) EleoLt Co 188
188
Kerry Companlea.
38
35
Brooklyn Ferry-Stook ..
Hartf'd(Ct) LtAPowCo85 t
9
5
98^
I 96
Bonds Ss
Mo Edison Eleotrlo.
as
88
60
Metropolitan Ferry— Ss.. 108H 110)4
Do preferred
67
N J & N Y Ferr»— Stock..
Narragan. (ProT)BlCo.50 x95
100
JAJ ni3 115
1st 58 1948
New Hav (Ct) Elec Lt Co 185
lAna Interest. tPrlce per sb are
Rhode Island Elec Pro Co. 117
1
:
!:
—
A
»
THE CHRON10LE.-B0ND
122
Price
Friday,
July 14.
21
BONDS.
V.TJSTO0K EXOHANOE
Wbbk EIndino July 14.
Jan.
.
1.
108
Apr '99
181
J'ly '99
1S8M 141
140^ 140U
NOT'97
108
May'07
136
108
181
108
121
113M113X
113M J'ne'99
108
135
Con oarreno7 6s reg...l90S Q-M1
BonA Lewis Istg 4g..l93e J-J *io9Ji
PcnsaoolaA At. Se«L&Nasb
P«o Deo&B latg6str reo.'20 J -J
M-S
M-N
Q-F
M-N
J-D
. .
Sdg4HB
Feb., 1921
Fine Creek reg gnarBa. 1932
Pitta Cln & St L. See Penn Co.
.
P
C
<fc
St L.
See
Penn
Co.
116MFab.'90
'.'.'.'.'.'.
09H
94>«
185
100
A-O
Pins CleT&TollBtg6s.. 1922
Pitta ftConnellsT. SeeB&O.
Pitts Ft
& Ch. See Penn Co.
Pitts Jano lat g ea
1922
W
J-J
PlttaA L Brie— 3dg5B .1928 A-01
PlttaMoK 4 Yo— lstgu68.'32 J-J
Sdgaar 6s
1934 J-J
MoKee&Byistg6a.l918 J-J
PlttsP&Flat gea
1916 J-J
Pitta Sh&L B Istg 58.. 1940 A-O
latoonsolgold 5a
1943 J-J
ritU&West Istg 4a... 1917 J-J
JP M& Cocertfs
PltU T & Ashlstoon 581927. M-N
RMdingOogeng4a...l99T J-J
Regiatered
1997 J-J
3«nBBelaer & -ar. See O & H.
Bloh & Dan. See Sonth Ry.
KloOr West Istg 4s... .1939 J-J
09« J'ne'99
04^ May'99
80
Dec '98
136
100
137
Apr'99
90
101
931^ 07
126
100
J'ne'99
126
100
NoT'97
107>< Oct.'98
181
NOT'98
121
.
Utah Cent
ISO
123«
117
•107
99yi 100
993^ Sale
Kome Wat. &
R&
5ee B
Og See N
J'ne'99
J'ne'99
So. See Illinois Cent.
latg 4sbdofs.l989
>d g 4s ino bond otfs. .1981*
Paul City Cab. og 58.1937
Ooaranteed gold Ss. 1937
itPaal & Dulath lat Sa.l93l
8d6a
1917
lat CO g 4b
1968
• tPanl M
2d 6s
1909
t
.
.
4M
Dakota eit gold 68
1910
1938
193S
Reduced to gold 4^8 193»
Registered
1933
alont Bxt latgold 4a. 1937
Registered
1987
Minn Union latg 68.. .1922
aiontC lat gag 6a.... 1937
Regiatered
1037
Ist guar gold 9s
1937
Registered
1937
lat oonsol gold 6s
Registered
.
8914 419
88«
88H
99^
88H 88
J'ne'99
104
72
74
100
1
13
May'99
79
•
103^ Tex4P Ry B div latg 6b.1905 M-8 104i4
latgold 6a
3000 J-D 118%
87« 88H
8d gold ino. 6b, Deo. .3000 Moh.
103H 104U
trust
561^
Bng
Co ctf s
72
74)<
70M
70^ 84
79X
W
8dg7B
&8 A Ist g
68.1910
1905
107
87
100
9SH
120
IIS^
lOCM
Ferry— Stock.
Bonds 58 or 1032. MAN
Hoboken— 8took
1st 58
Con. 5s
M Y 4 8 B Trans 4 Ferry
Bonds 68 of 1006. M4N
10th 4 23d Sts Ferry
112^116
lat
1
g6B..1945
g g 4b. 1947
Registered
1947
UnlNJRR40Co. SeePaRR
1269^ Utah Central. See Rio G W
118H Utah 4 North. See Ore 8 L.
lOOH 105H Utloa 4 Black R. See NY Cent
Ver Val Ind 4 W. See Mo P.
Mar'99
97
lOD
105
80
116
77% 8«
SO
Deo '98
106^4 Not'97
103H
104
118>4
112»4
188
47 108 1089<
34 109)4 115
112 188
Apr'99
".10
106% 106%
106W May'99
163
106
109%
100
107H
44
90
98
07H
n3%Nov'98
106%
112%
106% 106%
107% 110%
1101^ J'ne'U9
110
10
110
118M Aag'97
118« J'ne'99
105% J'ne'B9
116
118
133
116
120
39 113)4 119H,
"i 1041^ 108H
104 104
W Va 4
W V8Cent4P Istg 68.1911
Feb '90
J'ly '99
182
183«
J'ne'99
148
143^
187?i Feb '99
117
117
106« Mar '98
106
104
Jan.'99
183X
Jan.'9ft
106
17
Apr'97
117«
J'ne'99
111«
lll),i
83
08
80
108
84M 97
40« 64>^
108
108H
180
113
100
183H
116
102
131
12
137)^ J'ne'99
116
110
117
104)4
118M
106%
114%
26
116
138
J'ne'09
180
184%
i8g
19
126%
183
100
106
100
110
108% lit
110
116%
Mar'99
J'ne'99
109
115^
nSH
May'9u
113%
90
Feb.'99
117)4
I17)i
90
114% May'99
103
66%
Oct.'9.
104
106
109%
116-^4
15
46% 56%
68% 66%
126% 129%
104 107%
56% isi
187
J'ly '99
105)4
105H
Deo '98
103
120%
112M 11354
11*% 114%
11294 J'ne'99
J'ne'99
117
Bale
85
80
117
09
83
117
99
103)^ Sale
103
103%
106)4
106
106
115
09
106
14
124^ May'99
186^ J'ne'90
100
100
100
101
34 104?^
95 103)4
105U
108% tlO
106^ Mar'99
105
"4
..... ......
..... ...•••
,
A-O 108
J-J 106% Sale
J-J
South Ry.
latg 5b.. 1939 M-N
1939 F-A
Debenture aeries A. ... 1 939 J-J
Series B
1939 J-J
latg 68 Det 4 Ch Bxt. .1941 J-J
StChas Bridge I8tg6a.l908 A-O
Warren RR. See Del L 4
Wash 0& W. See Southern
West N Y 4Pa— latg 6a. 1937 J -J
Gen g3-4s
1943 A-O
Income 6b.... April, 1943 Not.
West No Car. See South Ry.
Western Pac. See Cent Pac.
Chic 8t40-yrlBtour6s.'28 M-N
40-year con g 6a
1936 M-N
8
10
124H
183^ 186^
138M 146!^
137J» 137U
WabRRCo
3d gold
88
88
180
6
80
78
93
99
V
9W
103%
100)4
*
106
Sale
Apr'99
364 102%
1*0*9
3
104$4
108H
116^4
8
28
113
91
117W
102%
731
33
96}i Sale
108
,
109
,
114
70
88
106^ May'99
See N Y Cent.
Pitts. See B 4 O.
iisli Winona 4 St P. See C 4 N W
Wis Cent Col St trg 5s ..1937
J-J
.
Wilkes 4 Bast. Se« N
Wll 4 Sioux F. See St
130
96
1O0>4
Y 84W
PM4M
GAS 4 HLBCTRIC LIGHT
lat g 6s. 1947
Boa U Gas trctfs s f g 58.. '39
Bklyn U Gas 1st oong 58.. '45
ChGL4CCo. SeePG4CCo
Columbus Gas Istg 58.. 1932
Con Gas Co. See P G 4 C Co
88%
118
186^
87
109
106% 111
109% 113%
12
Mar'99
115
114%
114%
Sale
70
70
23
108% 118
70%
61
14% 84%
34)4 J'ne'99
09
Deo '97
Jan.'99
109)4 J'ne'99
96
BON
104M7«I>.'98
113
lC9)i
113
104
96
113
107
06
Apr'99
98Ji
98% Mar '98
98
34
NoT'97
76%
76)4
6)4 J'ne'90
• • • • •
78
.
60
..^.„.
10%
DS.
J-D
J-J
M-N
J-J
City
Gas
5s.
1
923
Detroit
...
J-J 90
g
Del Gas Co con lBtK5s..l918 F-A
K ai 111 Istconvg 58.. 1910 M-S
1995 J-J 121
at oong 5a
1940 A-O lllj^
Brooklyn 1st g 5s
XegistAred
A-O
Kini-'N Co
L&Pk68.'37 A-O
PurchBse mou 6s. Ifl07 A-O
Oct.'97
Oot.'97
Mar'90
86
109
110
108
West Shore.
J-J
A-O
J-J
F-A
116
116H
101%
108
W
Wheeling 4 L B Ist g 5a. 1926
Wheel Dly Ist gold 5s. 1928
134M 137H
Bxten 4 Imp gold 5b. 1930
i'loji
lie
6a
W
91%
118
Oct.'98
116% 180
118
<
95% 108H
74
99
97^1
101
Apr'99
Bale
1
-J
06
110
101
J'ne'99
118%
180% 124
May'99
111
111
111%
J'ue'9v»
184
111
l<;i
F-A
J-D
119
107
and aakad
Bid.
70
{ 98
62
112
Ask.
100
114
96%
80
26
91
87
93
89
1st mort 5b 1919.. .J4D {106
106
43
Onion Ferry— Stock.
40
M4N {102 103
1st 6b 1920
{Buyer pays accrued intete St.
t Price per Bhare.
«
Un Pac— RR 4
189
16 183
33 107
96^ 616
101
J'ne'99
113
115
110
113^
110
this woek.
OUTSIDE SECURITIES
Ferry Companlea.
4
188
Sale
j"j 187«
J-J 104>i
A-O 100
J-D 78
A-O ...... 81«
J-J 80 Sale
M 1st ga g 4s. ..1000
W latgold 4a.l917
TStL4K0 lBtg6atT.1916 J-D
Tor Ham&Bufflstg4s 1946 J-Dt
UlatBr4D«l lat og 5a. 1928 J-D
nBl(Chio)
Kan 4
llS»Hll4Ji
61
641^ 1876
lUK}^ Mar'99
100«
104X
188
110
J-J
J-J
*I}o prioe Friday; lataai bid
MY4 BR
1035
AtlanU Q L Co
A-O
A-O
J
9s. ...1035
General gold 5s
112M 116
10
1037
1036
1st gold 68....
lis
180)iFeb.•9^
138
133
irglnla Mid. See
87
100
180
105
Sale
118%
87% »0
"ii
89«
89M
••••••••••
107
111
ilSJi J'ne*'"o'6
111 May'99
104)i J'ne'99
114)4
116%
53?4 May'99
91
Av
1.
30 100% 106
104
•
1937
1912
Bngraved trust oertlflcates.
Income 6b.
1937 A^bi
J -J
W
Qal Uar
100
08X lOOH
86« 01?i
96« 89H
B
iBt con g 6s. 1034
Bar F &
lBtg5B
1934
Bdoto Val 4 N B. See Nor &
8eab(h Roa 1st 5s
1926
Car Cent 1st con g 4s. 1049
Bod Bay 4 So Istg Ss... 1924
So Car & Ga. .SVe Southern.
Southern Pacific Co
104
. . .
Tol Peo
M-S
A&AP. SesBoPacCo.
BP&NPlBtsf g6s...l919
tinet
Jan.
Ask. Low. High. No. Lots^moM,
110«
J-J *113
....
Con g 6b int gtd
A-O
avH Sale
aeng4B Intgtd
1921 A-O
Morgan'8La&Tl8tg6B.'20 J-J
iBt 7a
1918 A-O 138
NTT* Mexgu lBtg4B.'12 A-O
Ore&Cal lat gtd g 6b. 1927 J-J
8A&APa88lstgag4a.'48 J-J 80 Sale
Tex&NO Ist 78
1905 F-A
Sabine dl7 Ist gds.. 1912 M-8
Con g6B
1943 J-J 104 Sale
SoPof Argn l8tg6fl.'09-10 J-Jt U2JiSale
BPof Cal Istg 68. '05-12 A-O 121
Sale
1st con guar g 6b.. 1937 M-N 109
Sale
1906-37 M N 109
Stamped
A&N W iBtgng 68.1941 J-J 97 ...
8 P Coast Ist gu g 4b.. 1937 J-J
8 Pacof N Mex Ist g68.'ll J -I
QllaVG&Nlstgug58l924 M-N 104?i \OZH
Sonth Ry— lat con g 6a. 1994 J -J 109^ Sale
Registered
1994
Mem DlT l8tg4-4H-6sl996 J-J
J-J 108
Registered
1996 J-J
B Ten reor Hen g 4-6s.l938 M-S 'ido" iio*
Registered
1 938 M-S
AlaCen R Istg 6b.... 1918 J-J
Atl & Ch Air Line Inc. 1900 A-O
Col & Qreenv lat 5-6a.l916 J -J
B T Va & Ga Ist 7b. 1900 J-J 103M lOSJi
DiTlslonal g 6b
119
1930 J-J
Con 1st g6s
1956 M-N 119 Sale
GaPacRy 1st g 6s. ...1922 J -J
Knox & Ohio Ist g 6b .1926 J-J 123
Rich (t Dan con g 6s .1015 J -J 183
Equip sinK rund g 5s. 1 909 M-8 100
Deb 5s stamped
1927 A-O 105
lOtf
So Car A Ga Istg 5s.. 191 M-N
Virginia Mid gen 6s... 1936 M-N
Gtd stamped
1936 .M-N
W O 4 W Ist cy gu 48.1924
F-A 80
West N C 1st con g 6s.l914 J-J 117)4 118
8 4 N Ala. See L 4 N.
Spok Falls4Nor Istg 68.1939 J-J 110
StatlslRy Ist gu g 4^8.1943 J-D 105
Snnb 4 Lew— See Penn RR.
Syra Bln« 4 N Y. See DL4W.
-^Per A of St L Ist g 4)^8. '39 A-O 113
L lat oongold 58.1894-1944 F-A 115
8tLMBgeTergug5s.l930 A-O 113 114
Terre Haute BlecRyg6s.'14 Q-Jt
Tex 4 N O. See So Pac Co.
l8tg6a
Weat'ndiT lat g
80
J-D
J-D
Regiatered
1938
Bt P & Nor Pao. See IS or Pao
It PAB'zCitr. S««0 StP M40
B Fe Prea 4 Ph Istg 58.1942
Last Sale.
.
74)^ J'ne'99
J-D
J-J 86M 87
101
k-O
96
Sale
M-N
64^ Sale
J-Jf
J-J 107
J-J
F-A 180
A-O 113
J-D 100
A-O 188
M-N 1229<
J-J
J --J
J-J 117 Sale
J-J
J-D
J-D
J-J
J-J 134«
J-J 12*6**
J-J
J-J
A-O iii«
A-O
68. ...1988
July 14.
W * N 7a.'03 J-J
lat
latg6aint gtd
T0I4OC
BMlatdlyl8tg9a.,.1008
Regiatered
1908
Nordlv Istg 4b
1940 .\-o
Registered
1940 A-O
irill&SFlatg
Bange or
GH&SAMjkPlstg5s'31 M-N 101«
Bona AT C
Third
Kaosas Mid lat g 4a ... 1 937
BtL&SF IlRg48....1996
Boikthw Dl7 latg 5b.. .1947
ItLSW
31
88
BtLMBr. SeeTRRAofStl.
BtL&8Fadg6sClA ..10OH M-N 114
112Ji May'99
Bdgold6s ClassB
1906 M-N 114
114 J'ne'99
Sale 114
Id gold 6a ClaaaO
1906 M-N 114
114
lBtg68PieroeO&0..1919 F-A
124U 12dK 184W
Q«neral gold 68
1931 J-J 134
«toneralgold Sa
1931 J-J 1091^ Sale \OfH
109H
IsttraatgoldSa
1987 A-O 104
101 J'ne'99
rtS&VBBdg latg 6s. 1910 A-O 107
106
O0l,'97
L
98
J'ne'99
99><^
100
....
115H
J'ly '97
09
88MBale
90
P.
Y Cent.
SaltLakeClBtgsfds. '03-13 J -J
tJo&OIl8tg2-3-48..1947 J -J
BtL AAT H. See Illinois Cent.
Bt L A Cat See Mob & Ohio.
Bt L & Iron Mount. See M P.
Bt L K O & N. See Wabash.
Bt
90
113
•li5
Ist
Pitts.
90
116!^
98
100
115«
ga g 4s.l917 A-OU
AloOrJuno latgug Sa.l939
D
BloGrSo Istg 3-48
1940 J-J
Booh k
Msmge
Week's
Price
Friday,
.
HUM
DNJRR&
<fc
8-e
[Vol. LXIX.
4.
.,
1919 M-S
5b
1919
Registered
1943
»I-N
Oong 4a
01 & Mar 1st gn g 4Ub.] 935 ilI-N
Can gen 48.1944 M-8
D R RR& Bge let gn 4s g.'36 F-A
lBtgestrreo.'20
Page
Bid.
106H 107%
Cong
ransDlT
BONDS.
W.Y. STOOK EXCHANGE
Wbbk Ending Jolt 14.
Low. High
1069iApr'99
100^ Apr'97
141
Mar'99
140^ May'99
135 J'ne'99
118H Apr'97
BtL&PlstOong6s.l932 A-O 124
1932 A-O
Begutered
0)«v * Pitts con • f 7g X900 M.N
Oen gu g 4X8seT'i A.1942 J -J •181^
1942 A-O •181^
Scries B
rle & Pitt gu g 3><s B. 1 940 J-J 101
1940 J-J 101
SertesC
SrRftlexl8tgag4Wi8.1941 J-J
AUegh Talgengag4s.l942 M-8
N&CBdgegengiig4!^8.'4S J-J
fannBR 1st real esg 48.1923 M-N
1905 J-J
Oontterlingg 6f
ad g 6b tr reo lBtpd..l926
r«o &Sast. S«« O C
St L
P*o A Pek On latg es. 1921
(5 pages)
80 Pscific Co. (Con.)
1912 J-J
1912 A-0»
8<l7f
since
Ask. Lou). High.
Bid.
Sd7i
Bange
Lcut Sale.
Penii8yl. Co. (Con.)
ntUOln jk 8tL Igt 7«.1900 F1000 F-A
Regrl8t«red
Pitta Ft
& O 1st 7s. 1912 J-J
W
Weelc't
Range or
prices
t
J'ne'99
Feb '09
110
(Given at foot of
Agrtcultur Chemlca'.
Preferred
Bid.
20
78
75
20
48
||
g4s
Dae Marotu
1030 J -J
T Dae Jan.
7 coitsbcutivb
Ask.
09
26
79
4mer AlrPowof N Y.lOO
79
4merlc'n AxeATool.lOO
31
Amer Bank Note Co... 60 t
51
American Beet Sugar....
31
83
Preferred
SO
82
Car 4 Foundry— See StkEx list
Amer. Caramel— Common
54
60
Preferred
98
100
Amer Press Assoo'n. .100
10?%
American Screw
260
300
Am
.
1st con
114
Da« Jon*. tDueJuly.
Mlscellaneoua. Par.
Amalgam'd Copner(w. 1.)
Am
113M 114
I
08
Boada 4a« Mor^
FAam).—FERRV
Bid.
Km Soda Koun— Com. 100
5
Ask.
10
100
46
Ist preferred
50
lOU
10
2d preferred
13
Amer Smelt A Refi'g- See Stk B xllst.
4.mer Steel Hoop i'ceSio ckEx. List.
50 3a3H
/American Surety
48
91
A.m Typefo'rs— Stock. 100
Amer Sewing Machines t 8
82
84
Amer 8trawboard....lOO
—
Bonds 68
F4A
0(t
Amer. Woolen subs......
Amer Wringer com... 100 106
Pref
uTtieae are option salefc
117
106
08
107
<k
MISCELUS,
Mlacellnneoun. Par.
\mer Grapbophone.. iu
.
Preferred
Bia
t
is-%
10 t
13%
.
Anderson (John! Tob.lOO
Automatic Vending... 10
Barney 4 Sm Car100
Common
100
Preferred
J4J
6s 1943
Bergn 4 Bng Br— See Phi
10
t
34
80
—
14
13
4
87
85
106% iceM
I.
list.
It0%
Ist 68
Blackwells Durh Tob.25
BUga Company Com.. 50
50
Preferred
2%
Ask
14%
t
f
t
16
80
"*% 69%
6^)«
63
J
. .
.
JcLY
THE CHRON1CLE.-B0ND
1899]
15
Price
Friday,
July 14.
BONDS.
P.T. STOCK EXCHANGE
Wbbk Ending July 14.
Week's
Range
Range or
since
Jan.
Last Sale.
119
118
Kings Co El L& P. Scf Edison.
109Ji
Lac Jas-LCoof Stljl8tg5»'19
FlH
1919
Small bonds
Peo>Ga«
Mut Fuel Gas Co See
Peo Gas 4 C Istgu g 6g. .1904 M-N
1904 J-D
9d gtd g6s
1943 A-0
lit oonsol g 68
1947 M-S
aefundlnggSs
1947 M-S
Registered
110
Oh Q-L k Cke Ist gu g 5s'37 J -J •llOJ^lll
Oon G Oo ot Ohlstgn g Ss'SQ. J D
Jlstgug68.'05
<lG& FCh Ist
gti g 5. 1 947 M-N
Mn Fuel Gas
Istg 5s.l919. >I-S
El
Trenton Q^*c
VfMtn Gas Co col tr g 58...'33 1>1-N
118
109>^ Apr'99
m^
101
106^
90 "
90
See T C I A R.
-'hloJc&StTd col g 58.1915 JNon-cnm. Incomes 58.1907 J - J
SeeNTCAH
OolCAI DevCogug5s..l909
MAM
J-J
A-0
J-J
M-S
19lt M-N
rl«TATcoltrgBf5»,..1926
OrRlv Coal AC 1st g 68.1919
Hack Wat Reor Ist g 5a 1 926
Hand B Co Istsf g68...193|
.
HobokenL Alg
S9>^
S^e
5s
105
J'ly'99
Mut Un
Tel Co.
19181
Ist g 58. '42
UnJ
Se«
Wn
94^
84^ 9iH
89W
«9>i
104
18« 20^
•
100
101
Debenture
'is"
'.'.'.'.'.',
51
U. 8.
8 2s
S 3s
U 3 38
U 8 48
U 8 4s
U S 4s
U
U
105
86
105
U
WOM
17« iSM
110
Jan.'99
Aug'9';
99
Jan.'SS
70^
Apr'9i
112h 112
107
80
98
1884-1900
.
.
.
GOV. SECURITIES.
registered.
registered
..
.Optional
1918
1918
coupon
registered
£7
S 4s coupon
3 Ss registered
8 5s coupon
110
99
lue
104
106
iis" \ii)X
J'ne'9fl
May'97
May'97
98
J'ne'99
F-A
J-JT
M-N
M-N
M-N
M-N
M-N
J -J
M-N
J-J
J-J
100
Preferred
Obateaugay Ore A Ir 68 '15
Ohei A O Grain El— Inc.
4i.
Obesebrough Mfg Co. 100
Olaflln (HB)-lstpref.lOO
100
8d preferred
Common— See St. Ex. list
Clark MUe End Thr'd.lOO
100^ 108
90
91
1
14'^
16
57)<
e8U
3U
10
35
65
340
100
100
75
350
17«
75
76H
53
16
75
6
Consol Flrew'ks-Com.lOO
65
100
Preferred
2-3%
Oon Kan C Smelt A Ref .25
20
Consol Rolling Stock. 100
Cont, Tobac. Co— Se« 3toc kEz. Hit.
82
65
Cramps' Sh A En Bldg. 100
Diamond Match Co... 100 148«
16
43
102
Bleotrlo Boat
Preferred
Electric Vehicle
Preferred
lis
,
Bppens 8m A Wiem. .100
Eastman Kodak Co.. .100
19
46
105
123
80
ibo" 110
46
A W»stem Trans. 50 t 45
Fidelity A Casualty... 100 850
Fidelity A Dep (Bait) 50 t207
810
General Carriasce Co....
33H
Brie
. .
German
Am Real
Eat.100
32
Goodyear Shoe Machine i49>4 50
Gorham Mfg Co-Com.lOO
100
100 ii8H
Preferred
Great Falls Ice
100 170
180
66
Hartford Carpet Co.. 100
Havana Commercial
29>6 "soji
Preferred
Heck-Jones-J MUl-Pf.lOO
Ist 6s 1922
MAS
Her'g-Hall-Mar(a8St p'd).
Preferred (asst p'd) 100
Hoboken Land A Imp't
58
International Elevat.lOO
International Navig. .100
Intemat. Paper— Se« St'k
Bonds 68
Intereational Power
—Com
Intemat'l Pump
Preferred.
.
.
70H 71«
46
98
55
100
10
80
108
lO-l
90
108
112
108
95
105
Exch
list.
111
»12«
aiH 28
66
67
Intemat SUver- Se« Stk. Exch list.
Do
do
56
66
pref.
Do
102
do bonds. 1101
Iron Steamboat.
et 1901
100
JAJ
John B Stetson—Com.100
6«
100
50
76
116
Joumeay 4 Bumham.lOO
8
100
25
Preferred
Preferred
Kent)
Dlstllrs
AWarease
101% 110
167
103
10
101
111
11
103
103
107K
53
9rt
116
103)^
Mar'98
*11C
•113
II814 lie
11
J'ne'99
110
(For (laUv rteord »ee tetenth va oe V
100?< ...
101« J'ly'99
108ii 108H 108^ J'ne'99
109^ Sale 10?
52
109^4
99
111
188
188
Nov'98
Apr'99
130K
181
111«118M
lllSll8«
110
118
110
114
lia^lUJi
1129^ J'ne'99
Aug'98
lOlii
106^ 1099i
106M 109H
112
112U 112M 118H 62
I12>ill9}i 112% J'ly'99
13)
130H 1301^ 130)4 'ao
130
10
130
130H 130
112^ 113 112»(i May'99
"20
112)^ 118
1129g
ll29i
105
108
104
118
Tecedinfl.")
Q-M
ni«
119^
107M
108^ 108)^
115^
\l5\i 115
110
^
107J<
lis
8ep.'98
NoT'98
10891 110
109>i 109^
1091^ Feb.'93
Apr'Od
108
108
108
188" * Feb.'Wi:
97
97^
Feb 'WW
95
85!^
88>i
m
17
96^ 99
"7
834 87
95
95
8
J'ne'99
6
9
62^
J'ne'99
68
Apr'99
68
63
71
64
94Vi
seyi
96K
89H
UNLISTED BONDS.
103
Ask
100 119
OoUlnsCo
60
OonsoUd Car Heatlng.lOO
84^ eoM
9S^ 35
10
J'ne'99
J'ne'99
105
J-J
Registered
••!• tfltCtt
102)i May'99
6i deferred oertfs
OUTSIDE SECURITIES
60
106J^
Class B 5s
,1906 J-J
Class C 48
1906 J-J • 9i
Currency funding 4s. ..1920 J -J • b8
Distof Columbia— 3-658.1924 F-A
Louisiana New con 4s.. 1914 J -J 106
Small
Missouri— Funding.. .1894-95 J-J
Nortn Car— Con8ol4B...1910 J -J •102
Small
J -J
6s
1919 A-O '12*
Carolina—
41^8
80-40.1933
So
J-J 104
Tenn— New settlem't 38.1913 J-J 969i 97H
Small
J-J 92
86>4 Sale
yirglnla fund debt 2-3i.l991 J-J
Feb '99
103
Atch Col A Pac 6s tr ctfs....
Atch J Co A West 6s tr ctfs.
108
101«
101«
100
B
104
AOSo Wdiv
94^ 9S
87i4 87«
101^ lOlH
98M 98H
87^ Sale
84% Sale
7H
36
15« 16
I^eferred
54
57
...
Knlckerb'r Ice(CSilc)-Se« St Ex List.
Knlckerb Ice— Bonds 5b
•••••• 100
Surety
100 106
(Given at foot of
MlBcallaneonB. Par.
Lawyers' Title Ins .... 1
100
Liberty Silk Mills
100
Preferred
Lorillard (P)— Pref... 100
Madison Sq G— Stock. 100
MAN
8d6s 1919
50
Maine 8 8
Merch A Miners' SS.... 50
Bid
145
85
7
Ask
116
165
9J
125
120
85
86
5
t
t
20
60
Mich-P0arl8t58'42MAS 103 105
Minneapolis Brew Ist 7s. 105
100
105
Mosler Safe Co
Monongahela Water... 25 t 41)4
Nat Biscuit— See Stock Ex List.
45
National Casket Co... 100
83
Nat'l Gramophone.... 100
National Saw— Pref.. 100 ....
44
National Salt
76
Preferred
100 150
National Surety
70
National Wall Paper. 100
N.E.BlecVeh. Trans....
ll?i
100
50
NTLoanAImp
Biscuit 68 1911. MAS 116
New Jer Zinc A Iron.. 100 184
N Y Air Brake— See N Y 8 tock B
25^
N. Y. El. Veh. Transp.lOO
Nicholson File Co
50 t 85
Nicaragua Construct. 100
32
Otis Elevator Com
90
Preferred
109
Park Steel
Peck, Stow 4 Wilcox.. 86 t 23
38
Pegamoid, pref
100
Pennsylvania Coal
50 360
Penn. Water—Com.... 50 t 5
Phil A Wil Steamboat. 50 t 66
Planters' C mpress.
58
NY
—
.
Pneumatic GunCar'ge.lO
t •;43
81
25
45
77
80
12M
118
130
xch.
33
91
118
40
6
70M
62
83
8
Pratt A Whltn—Com-.lOO
4)i
50
40
Preferred
100
Pressed Steel Car— See St ockBx list.
Preferred— See Stock E xch. 11 St.
37d
Procter A Gamble... .100 375
Preferred
100 190 2C0
Republic Iron A Steel
16« 17
60
61
Preferred
85
R.I.Perkins Horse Sh.lOO
80
71
Preferred
100
RoyBakPowpf ....
99
99«
20
Rubber Goods Mfg...
88
Preferred
l\
Russell A Erwln.
25
66
1S6
Safety Car Heat A Lt.100 152
45
Bchwarzchlld A Sulzb.lOO
42
103
101
Semet-Solvay deb Ss
Simmons H'rdw-Com.lOO 153 160
130
Preferred
100
330
Singer Mfg Co
100 6t0
457
Standard Oil
100 456
Stan.Dl8t. ADis.— Se« Sto ck Ex. List.
880
Stand Und'rg'dCable.lOO 216
81oa8lASlstesl917.FAA 105
Southern Cotton OH.. .50 t 62
8tatl8lRTlst6s'13AAO 107
2d 5s 1926
JAJ 96
Stillw-BierceA 8m-y.l00
Swift A Co
100
Ist 6s
96
98
1035<
104H
j^l08
MIgcellaneoue. Par.
Susq Coal 68 lail
Tennessee Copper
jaJ
Term Wareh— Stock.. 100
109
An
Bid.
A Pacific Coal. 100
Ist 68 1908
Title Guar A Trust ..100
AAO
19H
.
,
t
180
400
290
3l6"
Broadway... 835
Butch'84Dr.. 80
Central
180
Chase
400
Chatham ... 315
Chemical
4100
Citizens'
146%
City
Colonial*
235
t
3050
130
160
2700
280
3800
Oermania*..
Greenwich*.
Hamilton*..
Hanover.
Hide 4 L'ath
. .
NY
19th Ward*.. 100
90
Ninth
North Amer. 150
95
••••••
.
90
1500
116
130
24J
373
375
160
186
720
115
Home*
Imp 4 Trad 530
165
Leather Mfr. 200
820
Liberty
Lincoln
760
Manhattan* 245
Market 4 Fal 220
t206
Mechanics'
Mech A Tra*
Mercantile
190
Irving
Sq*....
Side*..
Western
York vine*..
....
Broadway*
.
t
State Trust..
Tr.Co.of Am.
union Trust.
U S Mtg A Tr.
Ddii. States..
Washington
300
350
Meoh A Tra*. 845
830
2016
400
460
300
••••••
BRKLYN.
100
•
i • •
•
365
L
•§
• • • i
360
4l5>i
t
278
376
1400
485
1680 il685
300
Brooklyn Tr. 410
Franklin
t318
)J0S
Hamilton
Kings Co.... 350
Isi
L
<S
Tr. 1458
Manaiaot'rs. 300
176
NassaD
290
People's
Willlamsb'gh 880
*
Banks marked with a
i
Purchaser also pays accrued interest, 1 Siw stock.
dale at Stook Bxchange or at auction this week.
t
310
1985
380
485
233
330
90
Hamilton*... 105
Kings Co*.... 100
Manufact'rs. 350
Mechanics*.. 218
116*"
North Amer. tl6l
Produce Ex. \300 310
Real Est Tr't 800
SUndardTr't no
130
95
107
First
us"
130
Brooklyn* ...
8th Ward*...
5th Ave*.... 104
Ger Amer*..
160
115
.
215
190
too
170
N Y L I A Tr 1450
N Y Sec A Tr 570
,,
BR'KLYN.
Bedford*
iVo" 195
...
Metropolitan 390
108
•
210
300
330
210
People's*
Guaranty Tr 600
Knlck'rb'ck'r 350
Manhattan
3S0
Mercantile
850
190
Union. ......
West
oni.
..•••
Farm Ln ATr 1430 1450
Fifth Ave Tr 400
23d Ward*... 100
Union
Aik.
345
Continental
t
190
State of NY* 180
12th Ward*.. 125
lift.
Consolidat'd.
880
550
Second
150
Seventh
Shoe A Le'th 102
SUte*
181^
818
otati
Atlantic Tr
Central Tr'st.
City Trust..
Colonial
116
130«
85H
100
Am Dep A L.
170
400
120
33
Trust Coa.
N. Y. CITY
300
Plaza*
Prod Exch*..
3100 Republic ....
Riverside*.
Seaboard....
68^
33
117
270
330
Sprague
200
26th Ward*.. 140
120
Union*
Wallabout*.. lOo
Co. 1500
Nat Ex.. 115
New York.... 245
....
Qu
Aik.
40
Nassau
Nat City....
North Side*.
Scherm'rh'n* 140
17th Ward*. 106
i
150
Amst.*.. 400
100
373
Qansevoort*
German Am*
German Ex*
157M
Phenix
Franklin
Gallatin
Mutual*
Nassau*
New
NewYork
39
61
22
115
117
38
80
90
Bid.
.
Peoples'*.... iOO
tl08
Garfield
Brokers
174
Metropolis*. 415
Mt Moms*.. 820
Park
128
340
First
First (St l8l)
14th Street*. iVs"' 165
Fourth
otatio ns.
.
Pacific*
Commerce...
,
Banks.
Ask.
Bid.
Qu
Merchants'
Bid.
t
t
.
Bank*.
Brokers'
Oriental*
Columbia*... 160
,
67Jii
Signal.ou
50
Merch Exon. 180
435M
Bowery*
Continental
Corn Exch*.
East River
11th Ward*.
Fifth Ave'
Fifth
^m
68V«
27>i
at
100
2d preferred
100
U S Glass— Common.. 100
Preferred
100
C 8 Projectile Co
100
U.S. Pneum.Hor8eColi..l t
H
Waguer Palace Car... 100 179
Westingh Air Brake. .50 t816
WisconCentral 48— See St OOkEx
405
395
11
Ask.
-
1st preferred
65
noihi
60
65
om.
P4
le
Preferred
70
7
Bid.
9^H
85H
84^
Union Typewr— Com.lOO
18
45
53
otati
7i 100V^108M
4
98
98M
88
85
S7>i 1323
$5
25 84« 87
95W 327 9d« 9^^
MlacellanxQuga Par.
.
20)4
7
Preferred
100
Trow Directory-New. 100
Union Steel 4 Chain.
Preferred
Bank*.
lOlH
98^
Union Switch
Trenton Pott— Com.. 100
Broken' Qu
N. Y. CITY.
America*....
Am Exch.,..
Astor
94H
87«
101J6
Due August. aThese are option BalM.
120
1st 6b
Texas
QiH 170
b7H 26
BANKS & MISCELUa
CONSECUTIVE PAGES).
.
lo"
94T<S
T
|
.
83
107H
103X
(
Carter-Crume— Pref. .100
100
CeUulold Co
Cent America Tr'nBlt.lOO
Oent Firew'rks—Com.lOO
106
103
117
STATE SECURITIES.
Alabama—Class A 4 to 5.1906 J-J
101
Low Hith
105J^ J'ly'99
Sale
1,
'97
86
25
25
—
99
Feb
85%
25
1907 Q-Jt
1925 Q-F
1925 Q-F
1904 Q-F
1904 Q- F
registered
since
Jan.
93
...1907 Q-Jt
coupon
Range
Ask. Low. High. No.
101
Z%i (w. 1.)..
Cen.P <c.M.3^s (when iss'd).
Ist mtg (when issued)
93 10
MetrW8Bl(Chic) st 4s 1038
L I M A 3o new 30 y 4s w t)
St
NoWestn Teleg. See West.Un.
8ou.Pac.col.tr. 4s (when iss.;
PaorlaWatCo g 6s..l889-l»jM-N
Wise Ceo l8t 4s (wl)
120 May'9»
X 180 ISO
Procter A Gamb Ist g 6s. .'40 J - J
No price Friday; these are lateit bid and asked this week, t Due Jaly t Due May. i Dae April. Bonds due January
MlBcellaneous. Par, Bid.
Bond A Mort Guar. ..l(rt) 285
Last Sale.
•108
95HJan.'91
::j3i
M-N
M-S
StarchMfg Col8tg6s'20 M-iS
Natwpt
News SAD D 58.1994 J-JI
N T A N J Tel gen g 58 cy .'20 M-N
N r A Ont Land Istg 88.1910 F-A
July 14.
Small
18W
111
78..
1884-1900
Registered
1938
Col trust cur Ss
U
Feb.'98
1S)<
110
•
1910 J -J
Co deb 58
Non-conv deben 5s.. .1918 A-0
Iron Steamboat Co 6s... 190]i J-J
Int'l Paper Co lit con g 6s.' 18 F-A
A list g Ss 1926 J-D
J«ff A Clear
1926 J-D
SdgSs
Kolok Ice (Chic) Istg 58.192g A -n
Mad Sq Gard 1st g Es. ..1919 M-N
Man Beh H &: L gen g 48.1 910 M-N
Met TAT iBl sfg 58.1918 »1-N
Registered
351^
"90"
J'ne'9»
111 Steel
Mloh Pen Car Co
80
92
103^ NoT'95
.
el
.
U
Coupon off
Ool Fuel Co gen gold 6s. 1919 M-N
Ool F4 1 Co gen sfg 58.1943 F-A
Com Cable Co Ist g 48. 2397 Q - J
2397 QRegistered
Bardel C & I. Se« T C &.I.
De A H Can. See KR bonfll
Id gr 3^s S A.1911 A-O
8 Eavel Co Ist sf g88 1918
S Leath Co s f debg6».'13
West Union deb 78. 1875-00
1875-1900
Registered
104« 107
105 108^
• • • •
-J
J
D
O
WhLBAPCCo
2?
107
J'ne'99
100
68. '10
MutUnTelsf'd 6s... 1911
Northwestern Tel 78. .'04
l8tg5s.'19
109!< Feb '97
F-A
congas... 1909
Week's
Range or
100
.
DeBarC AlCogug
123
Price
Bid.
100
Stan Rope 4 T 1st g 6i. 1946 F-A
1946
Income g Ss
Sun Ck Coal Ist g s f 68..1912 J-D
Tenn Coal TDlv Istg 68.19 17 A-Ol
Birm Div Ist oon 6s. .1917 J -J
Cah C M Co l8t gu g 6s..'22 J-D
Mar'98
93
palata Coal Mln.
Det
Deo'98
113
106
k'nW&WHlstg5s.l945 F-A
.
109M 118
107« UIH
106H 107)^
lOS
107^
106
107
Bar&SCarCo
1st
May'99
Apr '99
105^ May'99
Apr
'9a
107H
107^ Feb '99
90H
>S
ColCAI
129)i J'ly'99
1091^ T09>i
107^ 107i<
188 129>i
NJ
See Cen
MAm Spirits Mfg l8tg68.1916
l8tg68.194a J -J
Olearf Bit Coal.
t06^ 111
J'l7'99
D8.
Col tr g 48.1948 M- 8 106W
Adams Hi—
m Cot OH deb g 8s... 1900 Qu-F 105
Ss.
1.
'
5.
Friday,
.
109«
t
Ajn Dk A Imp
BONDS.
N. Y. STOCK EXCHANGE
.
.
Page
(5 pages)
'
erBapGLCo Istg 58..1915 V-A,
W O Mo Gas Co Ist s S8.t92»(A-0
MiaCBLLANBODS BON
PEICES
..
,
Week Ending July 14. 4«
Lmo Rtgh
RochA Pit CA I pur m 5s 946 M-N
8t L Ter Cupples Station 4
109
120^
Prop Co Istg 4^8 5-20 yr'17 J-D
8 Tuba Wat Co con g 68. .'23 J-J
8p Val Wat Works 1st 68. '06 M-S
Ask. Low. High. No.
Bid.
qOa8LNTl8toong5s..'32 M-8
oQAFnel. SeePGACCo. . _
S«n Kleo Codebg5s...ie2*J-D
—
. ..
,
asterisk (*) are Stare banks.
ISO
230
t Prtee p«r whmt*.
I
THE CHRONICLE.
124
[Vol. LXIX.
—
Boston, Philadelohia and Baltimore Stock Exchanges A Daily and Yearly Record.
Share Prices— Not Per Oentam Prices.
Sales
ACTIVE STOCKS.
of the Range of Sales in
Saturday,
Monday,
July
July 10.
255
109
•838
•190
138K
•.46
8.
367
109
857
....
....
'238
2B7
109
109
Tuesday,
July 1 1
257
357
107^ 108
•238
•192
192
Wednesday Thursday,
July 12
257
108
353
•255
109
233
108H 108J6
108^6
240
198^ 198
•240
193
...,
192
195
195
134^ 136>i 136V4 138
136^13796 138^ 137H
146
14« •145 145J6 '145 lt5V6 •145 146
137J^
....
135%
145
•130
132V<
130
130
4lW 41H
48H
62
•48
62
117
48?^
62
*U614 117
48>^
62
117
30
13096 131
41i< 41M
41H •40% 41M
*41>,<
48^ 48% 481,4 4HV6 •48>6 49
62% 62% 62% 62%
\n]^ 118
117% 118
117X 118
•30
93
41
118
34
•30
35
"9a>i "93^
4896
•62>6
61
36« 27^
14H l*}4
285<
im
•90
27
27H
14H
14!^
50
49H 509i 49« 49ii xl9
77^
T7H 77^ •76« 76^ •77
203% 303%
805 203 •203
'
«8
68^
lOH lOH
SOU 30?4
17h
43% 43%
77% 77%
48V« 42^
189i iSH
67%
671,4
9P?< 99%
10 7-16 10>^
17
67^ 68
99% 9a%
lOH IOh
30H 9-l«
17
17
42% 43V«
a
17
17
42!^ 439i
7n% 77
771^
41^ 42
42% 42%
\H%
37^ 37^
95
96
9d^ 96
345
315
343
157H 159!^ 154?^ 157M 1S5
•118
118
118>4 118
356
364 3«4
864 365
•78
•78
•80
88
795
800 8 JO
800 800
33^
«l?4
55
135
•961^
350
32% 23H
6l« ^m
23?^
619i
5H^
967^
5914
35!^
35W
43«
14%
43>^
149i
134% 136
96i.i
97
5S
35
58Ji
3S
43V(
43M
14% 14%
6096
50%
77^
77S4
68^
68
99!«
99^
54H
43% 44%
77H 78
43^ 43i^
18V4 18^
57%
35
43^ 43h
15
17
3796
96
96
95
348
159
345
168
168
67
22V4
165
165
47% 48^
48M 48«
•IM
39
38
33
165
48
43
38
41
41
33k
165
48%
4996
67
•Bid and asked prices
NAGTIVE STOCKS
1%
49^
67
67
IIH
Bid.
81^ 81^
53% 54
81%
35^
43H
35!^
431^
17%
100
50
Oafwissa
18
Oentral Ma8s...(Bost)100
"
67
100
Pref
42
Central Ohio. .(Bait) 50
33
Mich. (Bost) 100
Ohlo&
37
Olt's Stof IndslI(Phil) 100
Conn & Pas8um(Bost)100
"
100
Conn Rt^'-r
Consol TrPitt8T(Phll) 50
32H
"
Pref If
50
...
6496
37
fllnr& rare M. (Bost) 100
"
57
100
Pref
Q'rmant'n Pass ( Phil ) 50 149
45
50
Heitonv
50
75
Pref
50
Hunt 4 Broad T "
"
Pref
50
58
18
70
.
W
MAT"
24
87%
32%
29
59
^
•»••••
51
K C PtS&M..(Bost)100
Pref
100
50
Maine Central. (Bost) 100
"59"
jJinehill & 8 H.(Phll) 50
55
50
Neiqnehon'g V. "
51% 53
(few England.. (Bost) 100
"
Pref
100 100
North Penn.... (Phil) 50
"
30
Phil &Er o ...
50
"
Phil Germ 4 N.
50 145
•
"
376
DnitedNJ
100 375
CnitedTrof P.
50
47
Pref
50
47H
West End pref. (Bost) 50 113 114
'•
Little 8chuylk.(Phll)
.
,
• •
'
West Jer 4 8 8. (Phil) 50
We«tNT&Pa.
"
50
WliCent, Eew. (Bost) 100
Pref
"
100
61
^H
15
57
Wor Nash & R. " 100
MISCELLANEOUS,
lloaez Mlnlng(Bost) 85
mBysl
(Phil)
Arnold Mining. (Bost) "35
Aih Bed Min'g. "
25
"
Atlantic Min'g.
25
"
Baltic Mining..
25
Bay State Ga8ir.(Bost) 50
Berg&Engijr'w(Phli) 100
"
Pref
100
Boston EleoLt.(Bost)100
"
Boston Laii J ..
10
Cambria Iron.. (Phil) 50
Canton Co
(Bait) 100
Centen Mining. (Bost) 35
Daylight Prl8m.(Phil) 50
DominCoaipt (Bost) 100
Bdison El 111
100
Blec Co of Amir.(Phil) 50
"
Elect Vehicles
100
"
Bleotroz Com'lH
SO
(Boat)
25
VranUlu Min'g
100
tteneral Elect
Pvof
100
QenEI Auto-MI(Phil) 50
IntButU&SM(Bust) 10
"
IsleRoyalet....
35
Marsden prefT vPhll) 100
Mergeu thaler ( Bost) 100
7%
16%
57%
"9%
10
10
38%
2396
168?6
48>4
2396
50H
•137
48!^
16(4
39
39
23
166
48
1^
49H
49>4
•1!4
66
68
Bid.
58
62
13
46
103
Boston Term'13%s..l947 {116
Bos Un Gas Ist 58 '39 J&J i 87
1939 J&J
3d M5s
85
Bur& Mo Riv ex'pt 6s.J&J 120
.
-
Non-exempt
6s. '18
Ch Bur& N
M
J&J
1910 J&J
Plain 48
A&O
Ist 5s.'26
1918
6s
J&D
M gu5s.'31 M&N
Chi &
M gen 5s.'21 J&D
Con. of Verm't 5s.'13 J&J
Curr't Riv Ist 58.'27 A&O
37
18%
19^ 19%
113% 119%
142
«105
|l00
9
46'
4
35
2d
M
5-6
g....
A&O
1936
J&J
Ist con IncSsguon-cum
.
1
2d bon tnc 3s nou-cum..
New Eng Tele 8s.'99 A&o
..
.
.
100
(Phila.)....100
"
100
(Boston) .... 100
"
....100
"
.... 25
(Phila.) .... 50
"
....100
.
.
.
(Phila.)....
West Bud Land
13%
48%
103%
116%
89
67
106
108
95H
70
96
98%
111
}
•
no
{
5
78
77
20%
21
12
13
41110
Bif/nesi
.
"
....
"
...
48
15"
{
{
119
119M
111"
58. 1 9 1 IM&N
113%
Fundg 5s. 19 16 M&N
Exchange 3%s.l930J&J 113
Balt&Ohio 48 g. 1935 A&O
Stat Isl 2d 5 g.l926 J&J
Balt&Plst6sm 11911 A&O 123^
BaltCPaslst
Bait
119
101
;!!i"
.
95
Jan.
213
55^
81
2,084
--
25 13-16.Ian.7
13 7- 18 Jan. h
3,009 3196 June 30
3,718 72H June 1
3 46 Jan.
1896 May
119
304
36 >4 May
90 Jan.
140 273
80,88'
367
U396
1,198 363
60u
424
6,891
30 8
336
3,54i,
6
641
220
7
15
50
50
33
36^
2121
Jnly 11
96
Feb. 14
80
7
June
1
Jan.
^M. 80
Mar.
398 Apr.
108 Apr.
895 Feb.
J4% Mar.
71!,S Mar.
63 Apr.
194
Apr.
193 Apr.
8
7
May 17
Jan.
3
58i6 Jan. 10
6456 Jan.
78% Jan.
4896 Feb.
23H Jan.
60
33
35
38
81
28
18
S
?
88
I
OH June 27
8
74Hi Apr.
45 May 23
45'.6
39
Mar.
39% Ian.
8
6>6 Jan. 12 38% Apr.
133 Jan. 4 154 Feb. 23
53'.6 Apr. 35
34^ Jane
6
2196 May 2 4 3396 Apr.
5 175
Apr. 6
I27i4 Jan.
38 Jan
3
55 Mar. 30
60M Apr. 8
38H Feb. 1
r
J an.
m, Feb. 18
4 5296 June 151
39 Jan.
June 26
55
31
88
May
I
3,705
1,243
8,195
5
23-
21
380
186
11% Jan.
15,901
1,090
2,385
3,085
33
Mar,
Mar,
50i4 Feb.
Jan.
84
4 4% Apr.
2396 Feb.
4-.
Feb.
18%
3
4
Jan.
7u0 65
70 635
86
18 132
Jan.
Jan.
UOH Jan.
8
15
34
7
17
IK
3
1
9
May 17
Jan. 23
Jan. 33
_
70
^^60
-
87
87
100^ June 30
12% Jan. 24
8,8-11'
5,08
3,718
>4
48^
Jan.
1
2S.
.
T4
Jan.
Jan.
Feb.
Jan.
Jan.
Mar,
Apr.
Feb.
Feb.
Jan.
46
BONDS
AEb.
Bi.i
u.
We8tVaC&Pl8t6g.'llJ&J
1935 J&J
WU & Weld 5s.
.
Bonds— Philadelphia
Atl City l8t5sg..'19 M&N
Balls Ter Ist is. 9 ^6 J&D
1
ii'e'
113
100
BBoroGas l8t58.'3oM&- ina
ClieB&DCanl8t5s.'16J&.l
Choc Okla & G prior lien ric
General 5s. ...1919 J&.l
Cit's'St Ry(Ind)con 58.'33
ColumStRy
lstcon58.'3'.i
105
106
I0'%
106^ 107
10«%
1J7%
112%
Con Trac of NJ l8t5»..'3H
Del & B Bk 1st 78.'05 F&A 119
East&A 1st M 58. '20 M&N 111%
16 ill
102^
lst68.'10 J&.
H& B Top con 58.'25 A
>itt
RR4sg
107
•
10^%
ll8i*
•
••••
• 1
•••
• t
»•
lOo
100
•«••••
..
.
••
113%
1914 (J-F
1911 J&D
1924 (J-H
CI l8t5sg.'33 J&J
107
1910 M&j<
1923 J&D
I3i
117
125
Consol 78
J&J
Gten
M&N
Ext & Imp 5s.'H32M&S
Chas City Ry 1st 5s '33.1 &J
CharlC&Aext5s.lwiOJ&J 108% '.09"
Chesap Gas 8s. .1900 J&D
Clty&Sub lst5s.l92'2J&D iVa"
Col&Grnvlst5-6.1917J&J 118
Consol Gas 68..1910 J&D 115
iisii
1930 J&D 110%
58
IH
Ga &Aialstpf5sl945A&0
GaCar&Nl8t5sg.l929J&J i'oi% 103"
GeorgiaPl8t5-88 1922J&J 120%
GaSo&Fla l8t58.1945J&J 109 lb9H
KnoxvTrac lst5s'28A&0 105
Lake R El l8tgu58'42M&S 117
MetSt(WaBh)l8t5s'25FA 1'25%
New Orl Gas 1st 58...Var
Norfolk St Ist OS '44. J&J
NorthCent 4%8. 1925A&0
I
100
Leh V
Leb Valext48..1948J&D 116
2d 78
Consol 68
J&D
Annuity 8s
103" 104%
SecAvTn(Pltt8)58'34J&D lUH
Sav Fla&West5s'34A&0 113
Seab & Roan .58.1926 J&J 108H
United By & Elec income.
73H 73%
VlrgMid l8t 68. 1906 M&S
123
8d series 68.. 1911 M&S 122
3d series 68.. 1918 M&S 118
M&S 107
M&S UIH 96"
87
new.'32J&J
4th Ber 3-4-58. 1921
6tb series 58.1928
85%
100
100%.
New'kConGa8 68'48J&D
Newark Pass con 5s.l93o
No Penn ist 48..'36 MAN
Gen .M 78
1903J&J
Penn gen 6s r.. .1910 Var
118
li3
Consol 6s c... 1905 Var
Consol 58 r.... 1919 Var
116
126
•
••••
107
•
••••
106^ 107
•
YCan78..'08 J&D
Cons 5g
1939 A&O
1939 AAO
Cons 48
M&N
Penn
Steel l8t58.'17
ti oerts 48.'43
1st ser58.'18 (J-J
Phila Blec gold trust ctfs
Ph&Er gen 6g.'20 AAO
48 g. 1920
Gen
Ph & Bead 2d 58.'33
Consol
78. .1911 J&D
People's Tr
110
110%.
Perkiom
M
Cou Mof '82 48.'37
Terminal 58 g.l941
J&!
Q-F
P Wll & Bait 48.1917 A&O
Collat trust 48. 1921 J&J
Pitts C&St L 78. 1900 F&A
Read Co gen 48, 1997 J&J
Rochester Bycon5s.l93U
SohHK3idel8t58g'35J&D
Scran Trac l8t88'32MAN
Union Term'l IstSs.FAA
United N J 4s.. 1944 MAS
CnTracPitts gen58'97J&.l
iAnd
interest.
10196
121
110
12"
• •
• •
13!.!%
122
106
10
••
••«
<
•• tl
•
t
•
•••
•••
.••••
%
123
110
110
107
88H
108
128%
•
•tait-
88%
>•••
110% 118
115
...It
130
tiii'oV paid.
Ql.
•Price includes overdue oonpi
10<*i.<
•••»
130
Pa& N
A&O
A&O
Con M 88 g... 1911 J&D
Ext Imp M48 g.'47 A&O
118H
....
.
M
iisit
85k
M 4%8 g.
M
i02H
Ohio&Ml8t73D1905M&N 105
Pitt Un Trac 58.1997 J&J
<!^
30
1906
Intemat Nav 68
KCSub B lst6s..'20 J&D
K C P & G 1st 5s..'23 A&O
Lehigh Nav4%8..'14 Q-J
M&S
Va (State) Ss
Fund debt2-38. 1991 J&J
Va& Tenn 2d 58. 1900 J A.I
70
June
Income 58.... 2862 A&O
Eq III Gas-L I8tg5s.l92!>
Hestonv M & F con 58.'24
1st 6s ser B..1916 tr rec
Ist 6s ser C..1916 tr rec
Cent Ohio 4%sg. '30
PotomVal l8t58.1941J&J
Jan.
231.4
94% Jan.
9% May
Elm&Wilm
CapeF& Ysr A6g. 1 9 1 6 J &D
A&O
68 1900
J&J
68 gold 1900
1904
J&J
68
Series A 58 19-2H... .J&J
Series B 58 1926.... J&J
63
81
758
July 6
July 5
Mar .83
95H
Bdison Elec 58 stk tr ctf s
Elec& Peop's Tr stk tr ctf ?
133%
Ext & Imp 6S.1901M&S
NoBaltDiv 58.1942J&D 119
Conv'rtlble5sl906M&N 101
Central Ry 68.. .1913
Consol 58.... 1932
31
Cambrialron 8S.19I7J&J
Catawissa M 7s. 1 900 F&A
Bonds— Baltimore.
Atl & Ch Ist 78.1907 J&J
AtlG-Llghtl8t58 1 9 1 7 J&D
Bait Beit Ist Ss. 1990M&N
2>-
May
40% Mar.
•(
5,72 J
5
1
49
64
123
38
Ian.
1
4IJ6 July
June
60 198
•
July
133% Ju y
West NC con 68.1914 J&J 117
1914M&S
1918 M&N
1917 F&A
U8
• •
132
42%
75^ June
5,076
-
154^ May 18
31
90
1
July 14
198^ July 13
149% Feb. 18
91
5%
27.
841
Baltimore— Couciu
107
102
1898 F&A {100
3d 58
Torrington Ist 5s 1918... !107% 108
.'03
M&N J104% 106
West End St 58.
Gold 48
1,430
4,119
Ask.
Bid.
N Y&N Eng 1st 78.'05 J&J 118
l«tmort68.. ..1905 J&J ni3
Ogd & L C con 68.'20 A&O 105
1920
Income 6s
Rutland 1st 68.. '03 M&N sioe"
4%B
Jan.
Jan.
Jan.
17,278 124^ Jan.
85 139H Jan.
7 124 Jan.
920 120^6 Jan.
005 2K% Jan.
18i 43% Jan.
l,83f^
57 May
145 107 Jan-
1011-16
BONDS
June
118% Way
880
Mar.
80%
7 827
353 170
35
(Boston)
Westiugh. Electric & Mfg..
Preferred
a29 '5-16 3056 bl't9-l«
1st 68 tunnel 1911..J&J
Bal Trac 1st 5s.l929M&N
Mar H & Ont 6s...'25 A&O §115
48 g. 191
..
(Bait.) ....100
Welsbach Lightf
Ask.
ill8
120
Fr Elk&M V Ist 68 '33 end {140
Un8t'p'dl8t6s.'33 A&O {138
Ulin Steel couv Ss.'lO J&.J
106
Debenture 58. 1 1) 1 3 A&O 101% 103
KCC&8l8t5sg.'25 A&O
75
KCFt8&GlBt78.'C8J&D {114
K C F S&Mcon 88.'28M&N : 97% 98
E C M & B Ist 4s..'34 M&S { 90
93
Income 5s
....
45
{
K C& M Ry&B 58.'29 A&O {100
KCStJo&CB78.'07J&J {120
Lams'n St're 8 68.'09 M&f< i
li Kock&F 3 Ist 78.'05 J&. {105
Mex Cent
,
(Boston)
100
"
.... 25
Mfg.
Light
Pa.
& Power1[... (Phils.).... 50
"
United Gas Improvement I..
.... 50
United States Oil
(Boston).... 35
116
90
94
100
98%
-
DQR&Wl8t4s.'48 A&O
L E&St L l8t68g.'26 A&O
.
"
,,( Boston)....
Marsden Company 1
New England Telephone
Old Dominion Copper T
no7
UOO
W
M 68 g.'06 M&8
25
25
35
.
"
paid) (Phila.)
IT
807 245
.100
Boston— Concluded.
rel
Bast'n l8t
45
45M
81% 82
34H 35
IHi
50
Steel
Erie Telephone
Federal Steel
Lamson Store Service
Lehigh Coal & Navigation.
. .
Domin Coal l8t88.'13M&S
170
41
•49
Lowest.
292
50
.
"
"
Blectric Storage Battery
Preferredl^
AT&SFgeng4s.'95A&0 {lOlM 101%
Adjustment g 4s.. 1995 { 84% 85%
B & M 3d is 7s.'02-07 M&N
33
1
3%
471,4
WoUaston Ld. "
5
Bonds— Boston.
AmBeilTel4s..l908 J&J
31^
94
22%
168
Coal "
50
Winona Mining(Bo8t) 85
Wolverine Min. "
25
30
45
38!^
Water Power.
Welsbach Com1I(Phil)100
"
100
Preft
3
31
1896
3:-i%
($150
Consolidated Gas
Dominion Coal
10
Old col Mining. (Bost) 36
i2^
87
25
89
Osceola Mining. "
35
3
Palmetto Co.
( Phil )
3%
54
ParrottSil&Cop(Bo8t) 10
53),i
Penn ElecVeh1I( Phil) 50 1314
"
50
Pref IT
8%
6%
Pennsyl Salt... "
50 113%
"
Petonsyl Steele.
.,
88% 89
90
"
Prefir
100
161
Pullman's Pal.. (Bo8t)100 160
170
Quincy Mining
85 167
13
10
Reece Buttonh.
13^
Rhode Isl Min..
35
8% 9
14
Santa Ysabel Qt
5
14^6
223
Tamarack Min.
35 820
35
Torrlngton "A"
Pref
26
35
Un Cop L & M'g
35
Un Shoe Mach..
35
Pref...
25>6 26
4-8
44
Utah Mining...
44%
15% Ch&No
167
6
5 3V6
leji
167H
07
%
61H
made.
16M
.
Mex Telephone
No Am G DredB
138
38%
IH
2d
.
.
48^ 48%
Westm
"
(Boston)..
Butte
23H Cambria
Ch Bur&Q4B 1922 F&A |lOO
Iowa Dlv 48.1919 A&O SlOO
Chicago June 5s. 1915 J&J hl4
.
"
38>^ 38%
33i4 8^96
168^6 167
.
lit pf (Phil)
Htid Street
(Bait.)
& Montana
& Boston
Calumet & Hecla
80
800
I
16>^
MISCELL.— Concluded
170
i.)
373!< Boston
IBO
149^ 159
96
91
59
6
35
33
4396 4<96
43^
4396
16 14
STOCKS BONDS
"
Co.(w.
Preferredlf
14S
145
142>6 145
9rt
96
59
60^6
35
35
14.
4ta
BOitoa&Prov.
2m
23L«
33V6
Ask.
80
.
& CharloUe(Balt) 100
Bo« i Maine pf. (Bost) IOC
80
801
bO
800
144
97
4^114
West
95
118^ 118^4 118
369H 389^ 370
348
80
798
98
60
67
sale wa~
BAILROADS.— Prices July
18%
Top & 8 Fe. (Bost) 100
t
95
96
....
....
....
....
"
"
(Boston)
"
....100
(Phila.).... 50
Preferred (when issued)..
••••••
"
"
,
1st preferred
2d preferred
43% Onion Paciflo
41
4996
no
30!<
17^4
43%
76% 77% Preferred
4 46 41% Union Traction
16% 17^ United Rv & Bleo.
42
•IM
\H
49^
30<4
50
50
50
50
50
100
(Phila.)....
iltscellaiieous Htocks.
American Bell Telephone... (Boston).. .100
"
156!4 158H 15596 157% American Sugar Refining 1..
.100
54
138
16
.
.
345
33%
61% 61%
•)
(Boston).... 100
"
....100
"
....100
Boston&Maine
"
100
138% Chic. Burl. & Quincy
"
....100
148 Chic. June. & Un. Stock Yds.
"
....100
131
"
Preferred
....100
Chic. Milwaukee & St. Paul. (Phlla.^ ....100
41
Choctaw Oklahoma & Gulf
"
.... 50
"
4896
Preferred
.... 50
63 Consol. Traction of N.J.T...
"
....100
118
Fltchburg, pref
(Boston) .... 1 00
Ga. Southern & Florida
(Bait) ....100
1 St preferred
"
....100
2d preferred
"
....100
37
Lehigh Valley
(Phila.) .... 50
(Boston) .... 1 00
15H Mexican Central
Northern Central
(Bait.) .... 50
51% Northern Paciiio
(Phila.) ....100
78
"
Preferred
...,100
305 Old Colony
(Boston).... 100
Oregon Short Line
"
....100
241
196
345
2396
54
Boston & Albany
Boston Elevated
Boston & Lowell
357
109
l7
78^
41^ 42
17^ 18
37« 37%
Shares
Railroad Stocks.
67% 68^ Pennsylvania
99% 99% Philadelphia Traction
10^ 10>« Reading Company
9m
44
138
38^
22«
Z%U 39
32^ 22%
304
68v4
44
77
345
13
97
59
35
•96^i
78^
3t
30 7-liJ 9-16
17!^ •17
17>6
370
79^ 81
795 795
61Ji^
50%
•77%
b
3096
•17
365
136J^ 137
6iv6
204
68
358
2J96
5696
•78
99«
157!.4
23%
61H
15
•91^6
304
203^6 205
118>4 118!^
795
37
27
15% 16%
....
157^
54^ •54
54
55
135
91%
118^4
81
27
2746
1596
14%
371.4
345
95M 95H
S50
77>^
18?«
27
1899.
Week.
H Indicates onUsted.
July 14.
July 13.
357
340
Friday.
^
July
THE CHR0I^J1CLE
15, 1899.]
125
Latent Oro*$ Earning*.
Inmstnxtnt
WeekorMo
Latent Datt.
1898
1898.
1899.
S
S
Jan, 1
Latest Orots £!amingt.
1898.
to
Latest Date
1899.
9,613
325,576
8,809
278,17a
88,2"^3
2,274,442 2,385,345
K. C.F.Scott AM 4thwkJ'ne 115,731
26,569
703,740
25,637
K.C.Mem. A Bir IthwkJ'ne
758,783
28,118
21,632
152,087
173.427
Kan. C.N. W... June
4,l5f
7.341
113,962
124,012
Kan. City A Om 4thwkJ'ne
96,335
81,636 1,498,659 1,304,218
4thwkMay
K.C. Pitta.
8.786
276,943
9,308
Kan.C.8ub.Belt IstwkJuly
234,188
67.401
53,100 1,780,128 1,701.881
L.Erie A West. IstwkJuly
41,880
236,186
33,90
178,385
Lehigh A Hud.. June
1,660,075 1.399,213 7,451,279 6,936,927
Lehigh Val. RR May
1,044,981 1,035,593 6,308,394 5,284,990
Leh. V. Coal Co May
19.022
91,206
Lex'gtonAEast May
24.07 7
S 8.0 64
480,066 444.202 1,897.704 1,837,542
LonglslandRR June
52:s,261
2,010,238
481,799
Long Is. System June
1,936.984
7,479
47,974
9,160
39.090
Los Ang. Term. June
26,61
822,084
Loul8.Ev.ASt.L IstwkJuly
30,665
753,923
231,443
16, 72
11,849
274,732
Lou.H ASt. L. 4thwkJ'ne
Louisv.ANashv latwkJuly 460.185 391,815 12,278,063 11,314,653
Maoon ABirm. June
6,280
2,871
30.813,
26,142
10,649
Manlstlque
8,691
42,2^11
June
59,654
tMexlcan Cent. IstwkJuly 295,997 200,0 4
7,659,024 6,912,576
362,043 270.50
Mexican Inter" May...
1,894,333 1,394,044
{Mex. National I stwk July 116,504
101,503 3,543,373 3.100,394.
55,799
Mex. Northern April
66.137
288,473
184,441
tMexlcan R'wa- vVBjune24
84,3)0
67,10(
2.240,500 2,016,300
3-6.217!
Mexican So.... SdwkJune
15,305
11,947
322.77&
34,h26 1.284.199, 1,037,771
Mlnneap. A St.I IstwkJuly
48,880
M.8t.P.AS.8t.M IstwkJuly
79,225
63,582 1,959, ^60| 1,878,416
Mo. Kan. A Tex IstwkJuly 158,687 131,711 5.211.530 5,134,479
Mo.Pac.AIronlV IstwkJuly c 85,000 362,001 12,912,551 12,690.170
15,00
Central Br'oh Is wk July
13,000
546,3771
676,262
Total
377,00c 13,458,928 13,366,432
stwk July 398.001
Mobile A Blrm. June ..
23,40i
27,321
178.883|
182,033
Mobile A Ohio. June ..
415,300 308,27b 2.473,700, 2,072.217
609,Hl6
Mont.AMex.G'J Jane ..
92,4 00
118.058
756,673
Nash.Ch.ASt.L .May
534.681 526,039 2,441,6411 2,313,434
NevadaCentral March.
4.*i69
1,550
3.770
11.171
N.Y.C&H.R. June ..
4,C80,897 3,520,813 22,552,029 21,761,142
N. Y. Ont. &
75,408
69,756 2.257,008 1,801,810
IstwkJuly
N. Y. Susq. A W May.
183,647
186.442
932.0
863,827
Norfolk & West latwkJuly 248,234
19S,657 6,120,738 5,623,213
North'nAla.Ry April
17,366
13,722
71.565
64,819
Northes'n (Ga.) April
24.742
5,029
3,980
24,630
North'nCentra) May
5c 6,065
492,3bP 2,56 -,692 2,505.192
North'n PaolUc 1th wk J'ne 744,503 582,981 11,473.488 10,918.394
Ohio River
2I,lfc8
24,889
506,338
IstwkJuly
451,913
Ohio Southern
75.258
62,323
75.258
January..
62.323
Om.Kan. C AE ithwkti'ne
10.253
6.742
Omaha & St. L. 4th ""'i J'ne
10,465
8,471
Oreg.RR.ANav IstwkJuly li6.7;5 132,891 3.287,354 3,385,904
Oreg. 8h. Line. May...
690.013 554,3 Iv 2,893,681 2,452,149
Pao. Coast Co. April..
407.334 456,416 1,493,519 1,860.452
PacmoMaU..,. May...
303,937 326.330 1,519,190 1.750,550
Pennsylvania^. May...
6,01 -.867 5.399.7t)7 27.382,176 26.114,876
PeorlaDecAEv IstwkJuly
18,334
13,70.
407,685
392,791
Phila. & Erie.. May
454,476 391,611 l.fc58.271 1,515.004
Phlla.ARead.. May
1,89^.702 1,697,546 8.989,929 8.280,407
Coal A Ir. Co -May
1,449,570 1,802,850 9.087.150 7.931,567
Tot. both Co'e May
3,349,272 3,5C0,396 18.077,079 16.211.974
Phil. Wllm. A B May
886,658 4,049.194 3,766,194
1.031.058
E»itts.C.C.&8t.L May
1.353.741 1,256,577 6,658.871 6,362,654
Pitt8.Li8b.AWi June
3,838
3,384
21,895
22,096
Pitts.Bes.AL.E IstwkJuly
26,8.' 5
54,562
680.783
529,536
Pitts. A Wes'n. 4thwh J'ne
55.< 99
58,970
902,957
853,720
Pitt8.a.ATol 4tliwkJ'ne
449,129
27,S09
28,584
519,628
Pitts. Pa. A F 4tbwk J'ne
186,341
15,460
12,773
169,803
Total system Istwk Juli
59,612 1,599,047 1,608,115
55,389
Pittsb.Yo.&A. January...
76,67ti
82,372
82,371:
76.676
RlcU.Fr'KsbAl' May
378,116
112,505 100,56
356,419
Rio Grande Jot April
32.062
a83 3
27,327
105,338
RloGrande So'i IstwkJuly
231.758
7,305
7,902
224,008
RloGr'de West IstwkJuly
41,10(
54,300
l,t75,312 1,594,947
Sag. Tuso. A H June
62.288
54.057
13,574
1,11,356
St.Jos.&Qr.L. IstwkJuly
25,350
16,660
629.281
589.521
St. L.Chi. ASt.
Jun3
29,592
164,126
158,741
23,647
St.L.Ken'etASci June
7,309
5,246
40,390
29,458
Bt.L.ASanFran IstwkJuly 12i,691 123,843 3,591,117 3,40^,930
St. L. Southwest IstwkJuly
90,800
75,400 2,716,952 2,482,048
St.Paal<bDul. fune
117.74><
68-,596
158,461
790.356
8an.Ant.&A.P May
129.210
662,036
761,583
136,50^
SanFran.AN.P June
368,932
90,240
6.1,944
413,122
S. FePres.APh 4th wk J'ne
1 9,: 2y
439,426
389,868
20,928
Sav.Fla.AWe8i April
267,773 271,810 1,242,173 1,152,!: 07
Sher.Shrev.ASo IthwkJ'Qf
150,198
126,453
9,465
5,184
Sll.Sprs.O.
62.495
18,240
lt4.186
April
30,819
Sioux C. & Nor April
78 586
102,031
19,400
18,587
So Haven A E. June
12,456
4,S00
16,250
3,099
AG
The following table shows the gross earnings of every
ITEAM railroad from which regular weekly or monthly returns
an be obtained. The first two columns of figures give the
gross earnings for the latest week or month, and the last two
tolumns the earnings for the period from January 1 to and
Including such latest week or month.
The returns of the street railways are brought together separately on a subsequent page,
1899,
to
Kanaw'a&MloD IstwkJuly
^ailr^att %nUVix§tnu.
RAILROAD EARNINGS.
Week or Mo
1899.
S
AND
BOADA.
Jan, 1
BOADS.
1898.
>•
I
S
May
S
9
,Gt. South.. stwkJuly
April
Ala. Midland..
.N. O. ATex. P»o. Jnno.
32 453
16,567
29,908
55,602
61,69-
ithwkJ'ne
49,000
41000
4tliwk J'ne
20.00(
20.00(
19,000
0,000
214, 07
23,197
AtUrondaok
NOrl.&N.E
& Vloksb
Ala.
14,123
«
77,841
928,080
252,710
95,916
866,382
257,644
788.553
?44,15^
316,997
l,17x,450
b05,897
53,45-
690,731
3U,612
330,675
Vloks.Sh.&P. 4tliwkJ'ne
263,707
1,016,858
Allegheny Val May
748,869
27,383
letwkJuly
AnnArbor
7,.586
49,118
8,964
Ark. Midland... May
3.420,84: 3,289,470 16,205,9r>3 15,787,838
Atoh.T.&S.Fe.. May
145,73>554,261
424,120
197,03
Atlanta & Char March
177.448
15I,y70
30.767
23,077
Atl.Knox.&No. June
252,179
49.241
41,5 4
233,638
Atlanta* W. P. May
"
.
•-
15^t.214
162,687
162,687
159,214
2l8,5fi8
11,117
203,195
16,634
9,54v;
52.31-0
11,004
53,094
2,280.013 2,446.544 11.136,535 11,220,007
Bait. AOlilo.... May
10rt,8-9 3,2fc 9,487 3.494. 0--?
121.02S
Bal. &0.8ou'w IstwkJuly
9.249
1,^6
Bath&Ham'ndP May
1,403
8,579
12,H80
1,585
10,136
1,315
Blr. & Atlantic. June
189,532
45,950
197,844
Brunsw'k&West April.
51.451
75,926 1,83'7,119 1,882,174
d35,866i
Buff. Booh. (fePitt IstwkJuly
294,-59
64,752
43,497
216,085
Buffalo & 8u8Q May
384,009 297,663 2,165,674 1,924.857
Bnr.C. Rap.&N Juoe
0'
18 1.
OanadlanPaolflf) l stwk Jul y 522,00
13,200,084 12,077,019
2,693,4-1 2 548.793
89,146
84,73
Oent.of Georgia IstwkJuly
"
61,236
52,440
275,d43
246,284
Central N. E... May
1,170.663 9o5,30u 5,520,^0.S 4,693,748
Oentralof W. J. [May
1,410,139 1,474,335 6,364,917 b,062.410
Central Paolflo May
Oharlest'n&Sav jApril
55,997
259911
52,226
265,482
Chaa'n&W.Car January..
70,787
72.098
70,787
72, 98
1,.'=)53
33,954
32,434
Ohattan'ga So. Sdwk June
1,688
IstwkJuly 204, H 29 197,118 5,949,264 5,937,s^09
Ohes. & Ohio. .
3.424.624 3,551 598 16,315,405 16.658,802
Ohio. Bur A Q.. May
92,835
Ohio. &East.Ill jlstwkJuly
79,742 2,310,041 2,078,865
lib, 810
Ohio. Gt. West'n [IstwkJuly
81,965 3.«i03,76« 2,676,530
6I,H68 1,779,740 1,597,931
Chic. Ind. & L. Istwk july
70,464
Chle.Mll.&8t.P Istvfk July 792241 ."^8^,419 18,772,521 16,347,799
Ohio.&N'thw'n. May
3,337.223!3,086.809 I4,864,0d9 13,9»8,77^
Ohlo.Peo &8t.L. June
75.4 80
50,974
425,251
415,216
k
I.
<fe
P
1.646,658' 1.706,62.5 7,829,523 8,036,246
Ohlo.R'
May
Ohlo.St.P.M.&0 iMay
738,036 6:.8.798 3,735.781 3,110,405
Chlo.Ter.Tr.RPu jlstwkJuly
588,48-i
21, 802
20,945
630.034
Ohio. &W..Mich IstwkJuly
37,324
876,115
33,790 1,050,644
Ohoc.Ok.tteGulf Juoe
*95,lll
*59,776
778,278
701,121
Oln.G.&Ports'tii June
4,-69
5,763
30,7.7
27,393
Oln.N.O. AT P June
399,979 411,04- 2,219,9"3 2,188,242
01n.Port8.AVlr Juue
26.944
140,559
126,874
25,606
18.53r
Clev. Ak. & Col |3d wkMay
341.807
317,150
18,690
Olev.Can. A So IJune
58,839
327,174
61,661
333,158
01.Cln.Ch.A8t.I '4thwkJ'ne 453,387
3 2.067 6.898.983 6.899,254
Peo. A East'n JUUH
9^4.^19
174,698
162.008
930,806
01.1iOr. AWtieel IstwkJuly
28,822
745,161
23,169
849,203
Ool. Midland.
June
184 944 124,05.
801,270
763,037
Colorado <fc8o SdwkJune
80,580
1,711,088
Ool. Sand'y A H IstwkJuly
14,984
o97,lOl
393,373
15,654
Crystal
April
J-37
1,074
4,146
4.874
Oumb'l'd VaUe> Way.
73,047
321.640
320,951
64. 82
Deny. A Rio Gr IstwkJuly 138,50<i 140,400 4.517,430 3,^81,434
Det.G.Rap &W Isiwk )Uly
30,112
•25,18S
7^8,280
717,042
Det.A Maoklna. May
66,532
29 ,990
252,014
51,747
Dulnth8.8.AAt 4thwkJ'ne
71, 94.^
849,865
52,568 1,03^,782
KlglnJol.AEast .)uue
144,0H8 108 690
842,192
746,826
Brie....
May
12,992.75- 2,-26,328 13,157.737 12,766,t)98
Kureka 8prln«r May
21, '85
4,749
4,705
22,228
6,h98
Evans. Alnd'pU IstwkJuly'
6,412
161,751
149 167
Bvansv.&T. H Istwk Julyi
21,847
21,704
633.938
624,864
Find. Ft.W.AW June
10.260
7.260
flint&P.Marq IstwkJuly
62,^79
50.818 1,651.8^1 1.479,158
Fla.Cent.A Pen 4thwkJ'ne
68,821
77,716 1,367,<>2
1,472,550
Ft.WthAl)ea.( 3dwkJune
29,656
6 18,.- 28
23,549
688,333
Rio
Gr
W.
A
4thwkJ'ne
6,9-7
Ft
7,747
22 ,t3»
229,029
eads. A AU. U .lune
b37
f.90
4,28
rf,645
G^eo^gla RR. .. lutwkJuly
7<i4.i83
24,744
30.907
800,170
Gteorila <& Ala
June
82.630
81,810
587,214
577,931
aeo.So. A Flft June
46f^.306
87,105
482,217
95,786
Gila Val. G. AN. May
42.694
181,661
istwk J'ne
ttr.Bau. A ma
97i.7t5
43.839
34.300
845,285
01n.R,&Ft,W Istwk J'ne
9,284
200,-48
7,331
181,674
rraversetltj istwk J'ne
798
19.985
16,981
MuB.G. R. AI Istwk J'ne
2,910
2,318
49,18 i
49,9 ^5
Tot amines 1 stwk J'ne
56,831
44,624 1.241.278 1,096,-64
Qr.Tr'nk Byst'nj Istwk.luly
451,694 418,.o54 12,'»62.689 ll,79i,lri8
Ohlc.AGr. Tr SdwkJune
68.71;
77,131 1,844,734 1,759,609
Det.Gr.H.<feM. SdwkJune
19,077
15,217
407,222
402.527
Atl.C'stLaneS.C January..
Atlan.&Danv.. IstwkMay
Austin &N'we8i May
I
.
j
.
1
I
.
I
I
.
.
65
Great North'nBt.P. M. AM. June
East of Minn. June
Montana Cent June
Tot-system 'June
1,608,670 1,423,^57
229,550
155,252
.
110,135
157,4«i
1,993,472 1,691,25
2^,665
15.110
Onlf AChloaKO. April
4,515
4.439
Hooking Valley. IsiwkJiily
68,66:-!
44,765
Hoos.Tun.AtWll December.
4,137
3. iu
eKUB'mntAK.C June
Hoos.A'Tex.Cen
May
Illinois Central'
June
Ind.Deo.AWe8t. February
Ind. m. A Iowa. May
IluAQtJiorth'n. IstwkJuly
.
tlnteroo. (Mex.i
WkJune2»
Iowa Central. IstwkJuly
Iron Hallway .. June
Jack. T. A K. \* March
.
271,476
208.8' 8
2,30'',592
2,137584
37.664
8H.I02
43,«07
79,300
39,883
5,385
33.498
44.136
67,022
43,2H,^
5 -,800
30,419
4,044
34.19b
8.496,124 7,858,774
71«,87'i
1,105,4-2
910,225
998.713
10.511,821 9,574,365
lb9,88
80,. 12
17.^94
18,670
1,477,026 1,307.221
54.507
54,689
1,448,684 1.305,137
13,693,732 13,230,519
7 9,238
77,215
425,120
386,229
l,7a7,843
1.889,600
1,048,171
27,603
100. 109
1,705,0 7
1,?89.1^0
929,218
25,741
95,944
. .
W
-
AG
so. Paoillc Co.
Gal.Har.AS.i^
Louls'a. West
May
May
Morgan'sLA'l ;May
N.Y.T. AMe.- !.\Iay
Tex. AN. on May
Atl. Prop'tee.o VlBV
So. Pac. of Ca
So.Pao.ofAriz
May
May
May
May
May
49J..i3)
20 524
164 485
133.'.:
Paoilio systen
99.8 i2
23.341
61
l,44.T,342 1,235,370
1,2 0.436 l,v87,185
301,696
177,927
3,487,^51 3
Total of aU.6
4.932,9i^a 4
IstwkJuly 468,649
stonycl. 4i .Ml April..
1.494
Texas Central
ItUwk J'ne
4.184
Texas A PaoiHc IstwkJuly 112,93a
So.Pao.ofN.M
474,441
560.168
114,622
570.53 b
288, 3i2
161.699
568 47
803.845
424.923
1,321
4, 40
101,614
2,700
29,912
lx,274
35.905
2,350.257
607,930
2,815,317
102,66^
798.05'
6,7'<6,010
May
West.N.Y.APa iHtwkJuly
55 4«1
71300
48 166
506972
2,524 572
126.362
657,848
6,177,s
69
5,903.128 5,443.006
1,434,499 1,470,630
734,378
824,502
15,843,6 7 5,599,082
22,702,85- 21,777,0 2
12,757,716 11,623 781
3,797
4,055
129,069
131,025
3,6ii2,911
3,i: 33.328
Tex.8.V.AN.W. May
5 000
T01.& Ohio Cent IstwkJuly
921 4934,118
Tol. P. A West
Istwh July
479,420.691
92K,162
Tol.St.L.&K,C IstwkJuly
36.371
Union Pao. RR. May
1.588.761 1,479,576 7,449 800
Wabasb
IstwkJuly
207.021 21f*,875 7,2 8,78228,8.'>.i
W.JereeyASeaV May
183,751
9.1O 028
51.'>,992
W.V.Cen.APittt^ May
116 357
95,986
3<i 606
.^estVa.APitti- April
35 08
96,210
Western of Ala
2,249.970
f:
273,6 9
1,6-1,299
790,3o9
2,575,571
51,752
895,679
480.441
1,002,893
6,871,673
6 603,8i9
828,^28
473,756
119 231
259,-31
1,455,314
724,189
2,426,611
35,705
29.500
56,20
30.628
95,10
5,710
30. -^So
fork Sonthern May
6 2 35
a Includes earuiuga from terriea, oco, not given separately. I> includes the Pacitic system, the Atla tic propertie-* and tbe Houston A
Texas Central system
c \^fter May 1 Includes South Carolina A
Georgia for both years, d Decrease due to strike at company's mines.
' Figures for Juue are for the railroad only.
t Includt-s CUe«apoake AiQUio 80' western. Ohio Valley and Chicago
and Texas for l)0tli years. Results on Yaz >o Branch excluded la
1899 but included in 1898 until July 1.
§ Covt .Muxlcan currency.
ers results of .'tnes directly operated east of Pitisborg.
Wheel. A L. Erl» IstwkJuly
Wisconsin Cent IstwkJuly
<?Ti)fHt8v.<sTei' Mtiy
31,408
106.731
10 510
7 264
..
..
IHE CHKONICLE.
126
Latest Gross Earain^s by Weeks.— The latest weekly earnings in the foregoing are separately summed up as follows
For the first week of July our preliminary statement
covers 60 roads and shows 15 86 per cent increase in the aggregate aver the same weefe last year.
week of July.
1899.
1898.
$
Alabama Gt. Southern...
Ann Arbor
&
Ohio Southwest.
Buflalo Rooh. & Ptttsb'x*
Canadian Paolflo
Central of Georgia
Chesapeake & Ohio....
QbloaKo & East. Illinois.
Ohio. Great Western
Ball.
& L.oulsv.
& St. Paul
Increase.
«
32.4.53
27.383
121.028
35,866
522.000
89.146
204.329
92.835
116,81'
29.908
23.197
106,S39
75.926
481.000
84,739
197.110
79.742
81,965
61,868
5^8.41^
20.945
$
2.545
4,180
14,183
Det. Gd. Rap. & Western
£7ansY. & IndlanapoUs.
Evansv. & Terre Haute.
Flint <b Pere Marquette..
.
Georida
..
i
«rand Trunk
Cnlo. & Grand Trunk >
451.694
418,554
33.140
68.S63
43.C07
39,883
9.613
8.786
67.401
44,765
23,898
4 (,285
322
30.419
8.809
9,308
5 3.100
26.615
391.815
200,048
101,503
31.826
9,464
Ohloaeo Milw.
Chic. Term. Transfer .
Chicago <fe West Mlohigao
.
Olev. Liorain & Wheel'g..
Col. Sandusky <fe Hock'g.
Denver* Rio Grande...
&M
Gd
H.
HooklDg Valley
Intem'l & Gt. North'n
Det.
Iowa
.
.
Jentral.
MlohlRan...
Can. City Sub, Belt
Lake Erie & Western
Evansv.
& Nash
& St. L
Mexican Central.
Mexican National
MOnneapolls & St. Louis.
Minn. Si. P. & 8. Sie. M..
Mo. KansasA Texas
Mo.
Paoltlo, Iro
i
Mt.
...
Central Branch.
...
N Y. Ontario <fe Western
Western
Sorfolk &
Ohio River
.
Oregon RR.
FeorlaDeo.
Pitts. Bess.
Pittsburg
& Nav
& Evansv...
& L. Erie
& Western
Rio Grande Southern....
Rio Grande Western
Bt. Joseph & Gd. Island.
St. Louis & San Fran...
Bt. Lonls Southwestern..
Southern Railway
Texas
<&
Paoltlo
Toledo * Ohio Central
Toledo Peoria & West'n.
. .
rol. St. L.
WabMh
&
West. N. Y.
Kan.
City...
& Pennsylv
WheeUng & Lake
Erie..
Wisconsin Central.......
Tjt»l(60 roads)
MAtinorease (15 86
*
d.
23.169
15.654
140,400
« — ••
.*••
>>••
•••
857
3.5S4
5.653
670
25.48!^
4,624
6,412
21.704
50.818
..
1,900
• •*
714
143
11,461
30 907
a~« •»
6,163
-
)
Kanawha &
liiulsv.
LiOnlsv.
33 790
8
40,060
41.000
4,407
7,211
13.093
34,845
8.596
203.82^
70.464
792.241
21.802
37.S24
28.822
14.984
138.500
30,112
5,698
21.84'
62.279
24,744
Chlc.Indlan'lls
Decrease.
c
b0,«6.^
460,185
293,997
116,504
48.880
522
14,301
4,050
63,370
95,949
15,001
14,054
6^582
15.«'43
26.975
23.000
31,408
106 731
6,852,672
5,914,328
i.5
385,01)0
13.000
75.408
248.v!31
24.889
156,725
16,334
54,563
5 >,339
7.301
54.300
25,350
125,691
90,800
468,619
112,938
31.118
20,691
36.371
267 021
i
71,3
"5.6 5'2
49.577
3,721
23,m34
2,629
27,708
-*.
•*
2,000
,.
4,223
597
13,200
8,690
1,848
15.400
43.727
11.324
4,206
2,417
....
...
....
466
48.146
15.100
780
11,631
995,193
938,344
--
-
...
804
131.712
362.000
15.000
69.756
193.657
21,168
132,89
13,705
26,855
59.612
7.902
41.100
16,663
123,843
75,400
424.922
101.614
29.912
18,274
35.905
218.875
56.200
30,628
9j,100
79,2
158,687
....
56,849
Decrease due to strike at company's mines.
the fourth week of June our final statement
covers 76 roads, and shows 18 "Tl per cent increase in the
aggregate over the same week last year.
For
ith week of June.
1898.
1899.
Increase,
Decrease.
LVoL. LXIX.
— Oross
Earnings.
1899.
Roads.
$
7,644,765
1,428,668
No. East...
49,000
20,000
20,000
114,690
408,689
47,363
453.337
34.037
71,945
83,821
115.731
26.569
42.308
16,772
123,007
741.503
10,253
10.465
102,700
20,928
9.465
4,184
27,082
92.200
41,000
19,000
20.000
110.514
307.071
39,696
372,067
28,737
52.563
77,716
88,283
25.637
33,696
11,849
97.184
582,981
6,742
8,471
117,600
19.529
8,000
1,000
11.653,316
9,816.281
New
Ore.
&
&
Vioksburg
Ala.
Vicks. 8h. .kPao
Central of Georgia
..
Chesapeake & Ohio
Clilcago & W. Michigan..
Olev. Cln. Chic. & St. L..
Det. Gd. Rapids & West.
Duluth 80. Shore & At...
Fla. Cent. & Penin
Kftn. City Ft. S. tin Mem.
Kan.
C.
Mem. & Blrm
Loulsv. Evansv. & St. L.
Loulsv. Hend. & St. L...
Minn. St. P. & S. Ste. M..
Northern Paciflo
Omaha Kan. C. <Ss East...
Omaha & St. Louis
Klo Grande Western
Santa Fe Pr. <te Pnoenlx..
Sherman Shreve. &
So...
Texas Central
Toledo Peoria A West'n..
Western N. Y. & Penn...
Total (76 roadsi
(18 71
Net increase
54,186
14900
"i',399
'"'l56
"3.4V1
14,200
1,915,202
&
& W.
May
.May
31....
Pere Marq.. May
May
31....
Kan. C. Ft. S. AM... May
Julyl to May 31....
Kan. O. Mem. & Bir.May
July 1 to May 31....
Int., rentals,
die.
—
>
1899.
1898.
$
34,586
174,048
$
34,501
172,946
18,414
88,008
52,861
264,757
116,692
1,278,348
15,789
176,597
16,885
83,178
53.757
267.447
118.891
1,296,007
16,504
176,954
>—Bal. of Net Earns.->
1898.
1899,
$
$
5,230 def.9.778
3,331 def.23,191
5,694
18.380
23,963
44,205
3,319
1,199
18.893
3,207
def.12.797
2,533
1?0,203
62,843
14,487
15,313
175,079
181,216
The following table shows the gross earnings tor the latest
period of all street railways from which we are able to obThe arrangement of the
tain weekly or monthly returns.
78,137
1,837,065'
latest
LarniDga Monthly to Latest Dates.— The table following shows the gross and net earnings of Steam railroads
reported this week. A full detailed statement, including all
roads from which monthly retu;"ns can be obtained, is given
once a month in these column and the latest statement of
this kind will be foimd In the Chronicle of Jane 17,
1899. The next will appear in the issue of July 22, 1899.
same
as that for the steam roads
—that
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
table is the
4,281
n.c.^.
$
STREET RAILWAYS AND TRACTION COMPANIES.
4,92^
25,823
161.522
3,511
1,994
5.184
4,340
23,651
78,000
Roads.
Chic. & West Mich.. May
Jan. 1 to May 31...
Jan. 1 to
8,895
$
interest Gharsres and Surplus.— The following roads, in
addition to their gross and net earnings given In the foregoing, also report charges for interest, &o., with the surplus
or deficit above or below those charges
Flint
27,418
932
8,612
$
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
Det. Gr. Rap.
Jan. 1 to
4,176
101,618
7,667
81,320
5,300
19.377
Net Earnings.—-^
1899.
1898.
4^,241
41.554
7,824
6.363
Jan. 1 to May 31....
252,179
233,6^8
84,127
83,411
July 1 to May 31 ...
561,167
535,771
224,642
219,113
Central Pacitio.b.. ..May 1,410,139 1,474,335
598.688
624,340
Jan. 1 to May 31... 6.364,917 6.062.410 2.259,108 2,300.456
Julyl to May 31.... 14,897,510 14,420.543 5.647,454 6,157,133
Chic. Ind.&Louis.a. May.
328,006
274,4.53
129,34?
80,747
Jan. 1 to May 31.... 1,388,160 1,259,788
423,496
3J4.005
July 1 to May 31.... 3,171,457 3,043,150 1,012.134
830,796
Chic. &W. Miah
May 183,047
146.708
S9,816
24,726
Jan. 1 to May 31....
858,399
719,714
177.379
149,755
Colorado Midland.May....
159,855
127,064
38,957
14.918
Jan. 1 to May 31....
616,326
633.986
65,625
85.739
Julyl to May 31.... 1,492,105 l,e01,213
246,886
318.180
Oet.Gr.Rap.&West.a May 134,631
136,419
24,108
35,265
Jan. 1 to May 31....
627,673
599,416
111.971
127.383
Flint & Pere Marq. a. May
268,937
235,792
56,183
54.956
Jan. 1 to May 31 ... 1,326.491 l,19i.874
283,650
270,654
Ga. & Alabama. a. May..
102,722
93.767
25,433
20,052
Jan. i to May 3
495,301
50.5,404
88,443
119,172
July 1 to May 31.... l,18d,H0 l,138,b87
291. 60u
3J2,363
Qr'd Rap. Gas-L.co.June
9,973
8,451
Jan. 1 to June 30
72,473
62,894
Illinois Central. a. May.. 2,254,184 2,235,658
564,078
700,737
Jan. 1 to May 31 .. Il,3fe6, 140 11,092.935 3,472,02a 3,445,319
July 1 to May 31... 25,785,895 25,180,^36 7,915,552 8,0e5,609
Indiana m.&Iowa.b. May
86,102
b7,022
38,992
18,810
Jan. 1 to Maj 31....
425,120
336,229
185,297
159,037
July 1 to Mdybl ...
817,578
756,641
325,905
245,570
Jackson Gas-L. Co. June
1,701
1,740
Jan. 1 to Jute 30...
....
12,^96
12,104
Mar. 1 to June 30
7.747
7,476
Kan. C. Ft. 8. & M. a. May
360.629
398,9^9
103 895
121,421
Jan. 1 to May 31
l,9i&.062 2.071,872
570,313
64l,i<27
July 1 to May ol
4,374,825 4,717,799 1,341,196 1.476,210
Kan. O. Mem. &B. a. May.
127,781
132,371
30,276
31,817
Jan. 1 to May dl....
613,002
663,832
164,628
184,520
July I to Ma> 31.... 1,321.407 1,296,104
351,676
358,170
Midland Terminal. May..
53.377
37,303
25,563
18,871
Mobile & Birm'gh'm. May
30,258
23,612
10,271
2.351
Jan 1 to May 31
151.562
158,624
46,867
42.774
July 1 to May 31....
55y,226
336,886
h6.639
76,247
Phlla. & Erie.b
May 454.476
391,611
153.326
121,079
Jan. 1 toMay 31 ... 1,653,271 1,M.d.001
337.651
357,863
aioh. Fred. & Pot... May
112,505
100,561
65,160
54.108
Jan. 1 to May 31....
378,116
356,419
176.741
160,999
July 1 to May 31 ...
794, 2o2
682,057
326,029
290,916
8t,PaulGas-Lt. Co....luae
20.692
17,454
Jan. 1 to Jaae 30 ...
134,641
129,907
dantaFePres. &Pb..May
76,505
74,101
37,277
40,365
Jan. 1 to May 31....
3vi2,147
364,640
166,175
168,755
July 1 to May 31 ..
795.089
1 88,790
375,103
359,101
Southern Paoiflc.b.May. 4,932,993 4,003,845 1,800,166 1,796,181
Jan. 1 to May 31
22,7u2. 852 21,777,052 7,115,647 7,747,628
July 1 to May 31
51.144,641 48,532,116 18,080,9;5 13,831,041
Western Gas Co.—
Mllw'ee Gas-L. Co. June
33,178
31,116
Jan. 1 to June 30
240,226
229,386
West, of Alabama. b. May
55.481
48,166
19,950
15,372
Jan. 1 to May 31....
273,659
259.731
104,639
85.523
July 1 to May 31 ...
618,700
560,154
252,993
200,476
West. Va. APitts.b. Apr..
30,606
35,085
5,626
13,321
Jan. 1 to Apr. 30...
96,210
119,251
10,543
51,780
Julyl to Apr. 30...,
292,769
328,108
94,234
156.728
,
9,019,247
.
Atlanta&WestPh.b.May.
$
Previously rep'd (52 r'ds
AJa. No. A Tex. Pac—
-^
1898.
:
1st
—
.
.
is,
week or month.
STREET RAILWAYS AND TRAOTION COMPANIES.
i!iv)i
Latest Oross Earnings.
Gross
Earninos.
Week orjfo
,
•Oross Earnings.
1898
1899.
,
—1899.
Net Earnings. —
1898.
Roads.
itrondack a
Jan. 1 to
May
May.
31
14,123
77.841
16,567
95.918
1,168
26.867
5,015
41.811
Akron Bedf'd A Clev. May
4ay
llbany Railway
.
May
May
May
Blnghamton St. Ry.
Bridgeport Traction
May
May
Amsterdam
St.
Ry
Atlanta Cons. St.Ry.
Bay
Cities Consol.
1899.
1898.
44.014
6,939
12.424
31.601
to
Latest Dat
1899.
S
$
9,361
61,871
4,827
Jan. 1
7,950
51,149
4.4^9
35,487
6.382
12,33n
28,944
32,708
276,533
22,2 31
168,822
33.276
56.310
131 831
1898.
*
31,392
249,358
20,182
146,744
31,467
56,963
129.257
:
July
. ..
..
J
.
v
THE CHRONICLE.
15, 1899.]
Jan.
Latest Qross Earnings.
Gross
Earnings.
Week orMo
1899
1
to
LatesWale
1899.
18S8.
189».
127
The Pennsylvania Co
ments
,
the folio
lessee, reports
1898.
iDg pay-
1897.
1896.
1896.
$
$
«
1,380,000 1.380,000 1,380,000
1,331,554 1,321,838 1,321,838
' 2'«.700
728.700
728,700
14 0,000
140.000
140.000
140.000
1 9,000
19.000
19,000
19,000
$
Br'klyn Rap. Tr. Co.—
Brooklyn Heights..
.
May
May
May
May
May
March
May
May
May
May
585,758
178,662
211.669
976,089
Total
12,633
Oln. & Miami Val.. ..
6,424
Cltiz'ns'dVI'nole.Incl.)
3.078
City Eleo. (Rome.Qa.)
160,024
Qeveland Electric...
11,406
Oleve. Painsv. & E.
62 354
Golnmbna 8t. Ry. (O.)
100.«82
May
Denver City Tram.
Detx'olt Clti'ns' at.Sy. Ithwk J'ne 3i,90J
IthwkJ'ne 10,103
Detroit Eleo. Ry
Detroit Pt. Wayne &
5,294
ithwkJ'ne
Belle Isle
14,243
May
Dnlntb 8t. Ry
9,822
Erie Electric Motor.. March
18,799
AprU
Galveston City Ry.
27,843
Harrlsbarg Traction. May
Brooklyn Elev.t
Nassau Electric
.
510,320 2,387,203 2,201.784
642,7'.<I9
116,880 904.507
187,145 787,614 772,834
814,345 4.079.3-.i4 3,617.397
49,219
37,984
11,C97
16.223
18,751
5,545
9,816
8,522
2,187
6^9,173
143,762 736,193
39,399
32,380
8.556
63.8H7
287,873 271.540
97.663
553.'- 75
30,985 614.864
9,6o2 206.530 193,68 7
4,479
16.600
10,081
95,463
8i,4-5
35,102
87,678
79,821
31,170
'2i,546
l68,483
d4,46i
3.379
16,658
17,550
84.171
16,591
72.004
.
Herkimer Mohawk
II
lon&F'kfortEl. Ry. May.
HoTiBton Elec. St. Ry. May.
3.763
18.052
Interstate Consol. ol
North Attleboro... IVfay
•Kingston City Ry.... May
Lehigh Traction .... May
Lima Railway (Ohio) May
London St. Ry.(Can.) May
April
Lorain & Cleve
Los Angeles Tract. March
12,366
5,520
8,391
3,932
'5.352
7.048
June
Mais. Eleo. Co.'s
Mllw. Elec. Ry. & Lt. April
May
May
May
Hew London 8t. Ry.. May
May
New Orleans City
Ogdensbarg St. ny.. May
May
P»t«reon Ry
Richmond Traction.. May
Koib'hCh.H.&Nor'ii May
.
SohaylkiU Val. Trao March
dorantun & CarbondV April
Boranton & Fittston
Soranton Railway...
April
M*y
Elec. May
gtaten Island
Byracuse Rap. Tr. Ry. April
June
Toronto Ry
Twin City Rap. Tran. May
DnloD
(N. Bedford)..
40 110
100,063
..
3t>.637
85,' 19
198,5»fc 180,3u7
May
54,954
21,614
39,860
17,705
37.618
22,410
37,e92
50,428
602,447
638.740
23,776
27,387
15,187
570.164
6,876
153,289
530,248
561,786
22,3*2
26,980
15.044
567.743
5,985
138.945
'sV.ss'o
34,151
12,349
12,245
5,220
7.357
3,318
7.894
4.818
8,530
13,014
433,684 369 599
150.263 134,407
145,466 123,508
4,57>"
4,874
7,669
6,699
3.8.'15
3,750
126.303
132,376
1.770
1,669
38.671 31,581
tl6,34H 119.165
10,729
8.89^
4.564
4.4.^9
2,743
2,783
4,9C0
4.593
35.257 30.668
18.869 15,783
.
Monueal street Ky
Masoatine St. Ry
Newburg 8t. By
Divs. on regular stock.
1,380.000
Divs. on special stock
1,353,005
728,' 00
Int. on 1st & 2d M. bonds
18,w93
15,.-^45
^0,.'>24
37,795
14.473
37,623
15.402
24,028
11,624
153,918
67,016
160,7 5f
147,lf)4
949,389
80.186
833,530
71,4Sb
64,743
145,207
341,34(> 313.038
U'tdRy8.Eleo.(Balt.) April
595,725
150.488 133,041
635.870
United Tract. (Pitts. May
5^4.951
154,7ar 133,995
5-4,371
United Tract. (Prov.; April
23,' 42 24,473
99,7.^8
9-;, 7 70
Ufllt. Trac. (Reading) June
19.157
4,861
19,531
5,204
Wakefield & Stone.... Mif.y
West Chicago St. Ry. SdwkJ'ne. 88,739 80,696 1,885,100 1,7P4.064
194.745
47,46J 42,421
204,840
Wilkes A Wy, Val.... May
These flgares include results on Bridge Division.
Three regiments of soldiers were encamped along the line in May,
1898, giving increase on traffic at that time.
* Strike in May, 1899, only 10 cars operated from May 26 to the end
of the month.
1
t
on 3d mort. bonds.
Miscellaneous
Int.
Total
.
3.620,705
3,31^.221
Net Income as above
Paid as above for rental. 3,620,70^
Paid to sinking fund
104,100
LonfSTille & Nashrille Railroad Co.
(Preliminary statement for year ending June 30, 1899 J
The operations for the year 1898-9, compared with previous
years, are shown below, June, 1899, being estimated
3,589,538
3,106.541
3,589,538
104,100
3..'i99.254
101.100
3,589,538
3,635,695
3,589,538
104,100
3.724,805 3,703,354 3,693,638 3,693,638
409,584
229.911
587.097
57,743
Loss to leasee.
BALANCE SHEET DEC 31, 1898
Or.—
Dr.—
Tot. cost of r'wav, &c $50,784,764
Suopl's trans. to Penn.
RR. Co. July 1, 1869
468,725
Sinking fund
7,315,424
2.7>-0,«>5
Cash to porch, bonds.
8
Cash for divs. and
Cash account
778.600
7.143
int.
Penn. RR. Co., lesseeEquip. &. const, bds.
not yet surrend'd ..
Rent account
Miscellaneous
Total
1,100,000
827.400
3,124
Capital stock
$19,714,286
Guar, special stock
19,496,300
Bonds (see iNvtSTORS'
SOPPLEMENT)
12,410,000
Dividends uncall'dfor
fl4,169
Dividends accrued. not
due
686,185
Coupons not presented
724.331
Unsurrendered bonds 1.100,000
Miscellaneous
43
Credit to income aoct.
9,880,625
$64,065,938
Total
$64,065,938
— V. 67, p. 25.
Pacific Mail Steamship Company.
(Balance Sheet of April 30th, 1899.
The substance of the annual report was given in the
Chronicle of June 3, page 1073. The company's balance
sheet of April 30 compares as folJows:
BALANCE SHEET APRIL 30.
1P99.
Assets.
1898.
$6,671,209
Steamers
$6,3/3.197
Steamers building
320 000
Real estate and other prop'ty.
990,690
Cash
542,' 07
Leans
600,00(1
Mex. interior funded f % bonds.
22,954
Guatamala bonds(par.$5.'>.000)
19,800
Capital stock terminal comp's.
129,478
Due from agencies
44.323
Due from pursers
14,111
Due from connecting lines
221,177
Due from sundry persons
219,433
Coal & other supp's for our. op..
249,149
Unadjusted accounts
9.220
3.^.844
Deferred assets
Contingent assets
287.793
""o39i6V7
508,147
219,970
525.000
49,900
600,C
56.367
6.487
295.309
49.288
267,115
7,535
75,795
8.659
$9,4V 3,745
00
49,900
315,530
48,759
310,885
10,244
88,452
107,307
Total property and assets. $10,079,966
and loss account, deficit. 10,691 ,686
Total
1897.
$6,6v 9,798
""992i635
104,7-,^
5
78,793
10,933.646
$9,662,483
10,902,111
$20,771,651
$20,357,291
$20,564,594
$20,000,000
$20,000,000 $20,000,000
42,402
19,266
2<',936
58,323
56,161
46,080
8,383
4,269
35,949
90,834
23,057
171,047
123,•^78
27,849
133,554
20,898
Profit
Liabilities.
Capital stock
Accounts payable
ANNUAL REPORTS.
3,599.254
3,473,443
4.'*,
Due agencies
Due connecting lines
Due sundry persons
693
41,715
113,421
4,463
55,725
Current unadjusted accounts.
Deferred liabilities
Fund for repairs, unexpended.
Con't unadjusted accounts
23.74'*
214,015
269.&71
:
1898-9
(est.).
$
1897-8.
1896-7.
1895-6.
9^
S
$
Totaloap. stock
68, p. 1073.
& llab'ities$20,771,651
$20,357,291
$20,564,594
-V.
Kansas City (Mo.) Gas Co.
(Statement of April 30, 1899. J
6.523.089
6.885.505
A revised statement for the year ending April 30, 1899;
(b7-98)
(66 23)
shows:
Net earnings, $381,320: 5 per centoD bonds, |1 88.920,
434,b71
427,063
sinking fund, $75,000; net surplus, $17,400.
In 1897-8 the
7,319.876 net earnings were $302,656,
6,95u,152
BALANCE SHEET APRIL 30, 1899.
4,826,232? *>^oa,vvo
^ osq nq-i Plant, &o
5,796,211 Stock
$5,000,000
155.7615
53,806 Bonds
3,822,000
579,961 Materials, &c
589.515
23,703.191 21,996,652 20,372,307 20,300,711
Gross earnings
Operating expenses.. 15,702.576 14,921,730 13.849,218 13,o05,206
8,000,615
Net earnings,
(66-25)
P.O. of exp. to earns..
532,305
Income fr.inve8.,&c.
7,074,922
Total net Income. 8,532,920
7,665,698
4,813,522
157,382
4,815,998
156,594
734.300
50,000
640,250
162,620
12,480
162.008
26,375
56,472
Interest
Rents
Taxes
Georgia RR. loss
Loss other roads
Slnkinglund
S.
&N.
A.
590,7.6
127,i70
48,671
Unfunded discount..
RR
44,ll<7
(3i«)
Dividends
,67-84)
Dividends
and
'fl
p. 0.
37.870
89,989
186,548
14,727
50,183
1.848,000
6,032,797
1,632,601
5,970,972
979,180
1898-99 include 1^2 p. c. paid in Feb.. 1899, and 1^ p.
extra declared payable in August, 1899.— V. 68, p. 1078.
Pittsburg Fort Wayne & Chicago Railway.
(Report for the year ending Deo. 31, 1898. J
Earningt, Etc. The earnings and expenses are reported as
—
follows
-AND EXPENSES.
1898.
Earnings—
Freight
Passengers
Express, etc
Total
1897.
1896.
«
7,733,927 7.570,301 6.920.934
2.173,981 2,070,114 2,217,185
1.124,649
942,867
884,148
$
$
If 95.
$
8,138,730
2.107,603
856,591
11.032,557 10,533,282 10.022,267 11,102,923
Expenses —
Conducting transporfn.. 4.324,474 4.095,919
1,10.'V,320
Maintenance of way
930.163
Maintenance of equlpm't 1,577,614 1,410,955
709.9:^8
ti72,802
Gen. expenses and taxes.
Total expenses
Wet earnings
N.Cas. & B.V.RR. result
7,717.336
3,315,221
Total net income
3,315.221
7,109.839
3,473,443
3,473,443
4,010.150
907.051
1,324,831
673,337
4,320,263
1,029,054
1.471,322
627,665
6,915,369
3,106.898
7,448,303
3,654.620
—357
—18,725
3,106,541
3,635.895
75,000
950
72,390
59,092
Total
Sundry
creditors,
in-
oludiDg accrued interest on bonds
Undivided profits
Total
.$9,057,449
56,020
179,429
$9,057,449
68, p. 1182.
Swift & Company.
(Bala nee Sheet of Jan. 1,
5,942,373
1,377,503
in
EARMIX08
Sinking fund
Prepaid accounts
Cash
Accounts receivable.
-v.
Totdisbursem'ts- 7,823,242
Surplus over divid'ds.
709,678
0.
25,439
49,975
19«.662
20,947
10-,441
The balance sheet
Assets
—
of Jan.
1,
1899
is
1899. J
published as follows
Liabilities
—
Real est ate and fixt'rs. $8,679,682
Sundry st'ks and b'ds. 1,967,214
Cash
933,786
Unexpired insurance
prem
66,515
Capital stock
Horses, wagons and
harness
Investments, branch
houses, etc
Account* receivable..
Equity on consignm'ts
Live cattle and products on hand
Surplus
$15,000,000
2,500,000
7,861,^25
1,316.303
2,017,917
1,077.318
Total
$29,773,362
Total
The
— V. 68, p.
payable
Accounts payable
Bills
Due
connections..
71,097
4,111,308
3,944,561
1,695,209
8,313,990
$29,773,362
capital stock
Bonds
was increased to $20,000,000 last January.
87.
The H.
B. Claflin
Company.
{Report for the six months ending June 30, 1899.)
Claflin, the President, says
The improvement which began in the late weeks of 1898 gained
strength and breadth in the .spring of 1899, and after a term of mer-
Mr. John
:
cantile depression unparalleled in the experience of this country,
we
THE CHKONICLE.
128
seem now
to
have
on a period of prosperity. During
wa- a steady increase iu seasonable trade, and a
fairly entered
tlie half-yeiirtliert»
needed advance in the prices of many textile fabrics Prices of all
drygOQfis remain however, «t a very much lower level than la the
years preceding the pauic of 1893, and the autumn outlook for prices
and for trade is excellent.
The results for the half-year atid the balance sheet follow
:
EARNINGS FOR SIX MONTHS EX DING JUNE
18F8.
1S97.
1896.
$
$
$
$
Net earnings, after
paying all taxes,
exsalaries and
penses of every
kind for the hafyear
Interest on 1st aud
30.
1899.
€07,032
241,248
209,603
158,114
42,125
142,125
142,125
142,125
464,907
Dividends on com.. .3H% 134,018
99,123
114.873
f^7,480
l.'),989
2dpref
5
Remainder for com
Balance
3%
3%
114,873
3%
114,873
sur.3£0,889 def.l5,'50 def.47,393
def.9?,884
Sur. reserve carried
forward
Sur. reserve for com.
stock June 3j
average cet earnings for the past ten years, after charging
all expenses, wear and tear, bad debts, proper allowance for
executive salaries, etc., have been $1,250,620, and tiiat the
total tarnioj^s for the first half of the current year are at
least equal to this average.
The net earnings of thi^ new
company on the present outpu'", it is believed, will not be less
than $2,200,000, which is equivalent to interest and sinking
fiiEd of the bonds, 7 per cent dividend on the preferred and
3 to 4 per cent on the common stock.
The authorized capital
and bonded debt is:
7 per cent cumulative preferred stock, having preference
both a.^ to assets and dividends
$12,500,000
Common stock, of which $3,000,000 will remain in the
treasury
12,500,000
Firsr mortgage 5 per cent sinking fund gold bonds, due
19 9, interest payable January 1 and July 1
17,000,000
120,357
123,410
375,889
Of the I 7,000,000 bonds, $S,400,000 have been taken by the
manufacturers and private investors. The remaining $8,610,-
463,793
104,607
76,017
277,005
000 are offered for subscription at par and interest. All the
stocks issued not used to cover the expenses and commissions
ot promotion have been taken by the manufacturers and
private inves^tors. Application to list these bonds will be
made to the New York and Boston Stock exchanges.
The officers and directors are:
Officers: President, Elisha Morgan; Vice-Presidents, Bradley DRising, Georce C. Gill, Henry 9. Dickinson; General Manager, W. NCaldwell; Treasurer, George B. Holbrook; Seoietary, R. F. McElwalnDirectors (additional to otHciers):
Henry L. Higginson, C. ACrocker, O. 8. Greenleaf, J. S. McElwaiu, P. D. Phelon, J. H. Newton'
iarence H. Harding, J. S. Gittins, N. T. Pulsifer, A. W. Eaton, E. CRogers, Martin C. Pfahler, Harry H. Picking.
Trustee, Old Colony Trust Co., Boston.— V, 69, p. 25.
1898.
1897.
1,233,623
1,038,970
1,033,813
152,187
152,187
1,989,800
3,511,927
4,892,469
2,739,181
27,197
152,187
1,3^2,765
2,963,174
5,f^6' ,«48
2,739,181
27.197
14,622
1899.
Assets.—
$
$
Cash
Cash dividends paid on account
of spring profits
Bills rectivable
2,"17,'206
5,836,70«
6,197.34 9
2,739,181
27,197
14,622
receivable
Merchandise
Store property
Stable
Horses, trucks, wagons, etc
14,62-^
'
18,218,071
Total
Liabilities.—
Capital
14,366,353 13,8 9,588
9,r00,000
9,000,000
9,000,000
..
8,237,f.t.8
4,7«0,'<56
Foreign exchange and loan acot.
Surplus reserve
210,567
132,905
607,031
263,892
120,357
241,248
4,123, Sf-S
3-2.71>i
Open accounts payable
Profit
and over 76 per cent of the entire output of the United
States.
The new company will begin business with a cash
capital of $2,510,000, h. sides a full stock of merchandise and
materi-ils.
Borrow, Wade, Gu'hrie & Co., report that the
132,904
BALANCE SHEET JUNE 30
Open accounts
[Vol. LXIX.
ou Spring business
18,218,071
Total
14,366,353
323,410
2(.9,605
13,829,58
i
-V. 68, p. 82.
Asphalt Company of America.— Oncers.— The
officers are:
President, Sydney F. Tyler; Vice-President, James Hay; Secretary
and Treasurer, Ellis Ames Ballard; Direotorf S. F. Tyler, James Hay,
Ellis Ames Ballard, George A. Huhn and J. P. M. Young.
,
A
The
capital stock cousists of 600,000 shares of S50 each.
$0 per share will shortly be made.
The company, it is said, takes over several companies in
which Mr. George W. Elkins was interested, including, it is
understood, the Vulcanite Portland Cement Co. of which he
call of
GENERAL INVESTMENT NEWS.
was President.- V.
69, p. 77.
American Agrricultural Chemical Co.— Listed in Boston.
The negotiable receipts ot the Old Colony Trust Co., repre-
Alchison Topelia & Santa Fe Ry.— San Francisco & San
Valiey Rj,— Control Assumed. On July 1 the
Joaquin
senting the company's common and pre^er^ed shares ara
Santa Fe assumed control of the San Francisco & San
on the unlisted department of Boston Stock Exchange.
Joaquin Val'ey Ry., extending the company's line to StockV. 68, p. 1021.
ton, Cal.— V. 68, p. 1179; V. 67, p. 1261.
American Spirits Manufacturing Co.— Stockholders' ProBaltimore & Ohio RR. Physical Rehabilitation.— Th.Q
The proiective committee, consisting of
tective Committee.
work accomplished by the receivers with a view to
great
Bert Reiss, Hugh V. Roddy, Jr., and Louis W. Babcock, calls
for deposits of the company's shares with the City Trust Co. putting the property in condition to carry a large volume of
of New York City, No. 36 Wall St., New York, on or before freight and passenger traffic at a low cost is shown by the
July 2l8t, 1899, pursuant to an agreement to be procured following official resume
During their administration the receivers purchased 15,350 box
from said trust company. V. 69, p. 79.
cars, 6,-50 wooden gondola cars, 6,000 pressed steel cars and 310
American Tobacco Co. Union Tobacco Co.— Formally miscellaneous freight, postal, express and dining cars, at a total cost
Dissolved. The stockholders of the Union Tobacco Co. on of $17,000,000. The 216 locomotives cost nearly two and one-half
steel rails purchased amounted to 123,0 10 tons, costing
Thursday voted to dissolve the corporation. The subscribers millions. The
$2,142,132 (=$17 41 per ton), and there were bought over 3,000,000
to the Union Tobacco syndicate for each $100 actually paid oroFS ties, costing $1,200,000, and 750,000 cubic yards of ballast
in by them received, as a result of the sale to the American amounting to $525,000. The new steel bridges aggregate in value
Tobacco of the properties acquired, $170 par value of Ameri- $750,000 and fully as much more was spent la improving the several
erecting new buildings, reducing grades and ihanglnf
can Tobacco common stock. The amount of American To terminals,
alignment. The maintenance of way pay-rolls (the amount paid
bacco common stock so distributed was 91,800 shares of $50 directly to men employed in making improvements on the tracks,
—
—
—
:
—
—
—
each, equal at par to $4,590,000.— V. 69, p. 25; V. 68, p. 675,
American Waltliam Watch Co. Dividenda—New Stock.—
The " Boston News Bureau " says
We understand that the next dividend on the stock of the Waltham
Watch Co. wiU be 5 per cent, an increase of 1 i>er cent. The company
will also pav an extra cash dividend of 16^2 percent. The capital
:
to be increased $1,000,000 (from $3,000,000 to $4,000,000,
$100 par), and stockholders will have the right to take one new share
for each three of their present holdings at ^100 per share. It is understood that the intention is to pay 8 per cent regularly on the Increased
capitalization. The company paid 8 per cent per anoum In two semiannual dividends of 4 per cent each up to September, 1896, when $2
was paid in the second half of year, making $6 for that calendar year.
Semi-annual dividends of $3 each or $6 per annum were paid up to
March this year, when the company returned to an 8 per cent basis,
paying 4 per cent on March 16th.
9tock
is
American Woolen C<k— First Dividend.— The company
has declared a dividend of 1^ per cent on its preferred
V. 69, p. 77.
stock, payable July 15.
American Writing Paper Co.—Bonds Offered— Prosvectus.
Lee, Higginson & Co Boston, and Strong, Sturgis & Co.,
New York, offer for subscription at par and interest, by
advertisement on another page, $8,600,000 of the company's
first mortgage 5 per cent sinking fund gold bonds dated July
1, 1899, due July 1, 1919, but subject to call after July 1,
—
—
,
1909 at 105.
The company will own absolutely the following properties:
& Holbrook Paper Co., Chester Paper Co., Massasoit Paper
Beebe
Co., Esleeck
Paper
Co.,
Hurlburt Paper Manufacturing Co., Hurlburt
Stationery Co., Crocker Manufacturing Co., Oakland Paper Co.,
Sprlngdale Paper Co., Parsons Paper Co. (except its Ledger Mill No.
2), Norman Paper C ., Plainer & Porter Paper Manufacturing Co.,
Windsor Paper Co., Linden Paper Co., Nonotuck Paper Co., Harding
Paper Co., Holyoke Paper Co., Dickinson Paper Co., Riverside Paper
Co., Shattuck & Babcock Co., Albion Paper Co., Syms <fc Dudley Paper
Co., George C. Gill Paper Co., Connecticut River Paper Co., Agawam
Paper Co., Eaton, May & Robbins Paper Co., George K. Balrd Paper
Co. [The reported output, etc., of these mills was indicated in V. 68,
p.
1130.]
great need of orders to keep their plants in operation. Steel rails are
worth now from $6 to $9 a ton more than when tne receivers made
their purchases, and locomotives have advanced from $2,000 to $3,000
in price. The equipment alone, if purchased to-day, would cost five
millions more, and the other improvements one million more.
President Cowen is authority for the statement that the
new company intends spending ten millions more in improve-
ments in the next year or two.
Pittsburg & Western 2nds Purchased. The purchase from
the Lake Erie & Western of its majority interest in the second mortgage bonds of the Pittsburg & Western was effected
this week in the interest of the B. & O —V. 69, p. 25, bO.
Baltimore &Ohio Southwestern Ry.— SoZd.— At the foreclosure sale on Monday the property was purchased for the
reorganization committee by E. R. Bacon, G-eorge Hoadley,
The upset
Jr., and J. Cbauncey Hoffman for $3,510,000.
price was $3,000,000 for the Ohio Division, $1,000,000 for the
Mississippi Division and $500,000 for the Springfield Division.
These amounts were bid for the parcels separately and then
$10,000 added for them as a whole.— V. 68, 1179.
Bay Cities Consolidated Street 'Ry.— Receivers.— The
United States Court has placed the property in the hands of
Michael P. Heraty, of Philadelphia, and J. C. Weadlock, of
Bay City, as receivers. No interest has been paid on the
There are said to be
first consols of 1893 since Sept. 1, 1895.
$470,000 of bonds in default.— V. 68, p. 473.
Beech Creek RR.—Listcd.— The New York Stock Exchange has listed $165,000 additional stock, issued in exchange for and upon the cancellation of an equal amount of
the capital stock of the Cambria County RR a road extending from Patton, Pa. to Spangler, Pa., 9 miles. The total
—
,
For the year 1898 the above
per cent of the fine
threw years amounted to nearly twelve millions of dollars
The total amounts to about 35 millions, ot which about 15 mlllloai
was secured by the issuance of receivers' oertltloates and the balanee
through car trusts, earnings from tne property and from the reorganization managers. Most of the equipment and rails were bought
when material was low in price and manufacturing oonoerns were In
etc.) in
produced 84
writing paper output of New England stock now
mills, it is stated,
listed is $5,665,000.— V. 68, p. 872.
July
15,
THE CHKOJVICLE
1899.J
129
& Eugel Brewing Co.— Purchase.— The Contxim- tion at Trenton, N. J on July 11, as a consolidation of the
Brewing Company's plant at Norfolk, Va., it is under- principal soil-pipe manufacturing concerns of the United
stood, has been purchased by the Bergner & Engel Brewing States. Of the s;l4,0i 0,000 stock $7,000,000 is 7 per cent cumuIt is also proposed to issue $4,000,000 of 6 p.
lative preferred.
Company, of Philadelphia.— V. 66, p. b56.
The consolidation, it is stated, will include
c. 20 year bonds.
Boston & Maine RR.— Portsmouth & Dover RR.— Port- Joshua Regester & Sons, of Baltimore, Henry McShane
laud Saco & Portsmouth RR,— Portland & Kochester KR
Manufacturing Co.: Bartlett, Hayward & Co., the Jones
Purchase Proposed.— The Boston & Maine RR. Co. has Hollow- ware Co., etc. Baring, Magoun & Co. of New York
been authorized by the Massachusetts Railroad Commis- will finance the deal.
Berg-uer
,
ers"
,
—
sioners to acquire by purchase three leased lines, the PortsPortsmouth RR.
the Portland Saco
and the Portland
Rochester RR. The consolidation is to
Maine stock for thir
be on the basis of ten sbart^s of Boston
teen of the Portsmouth & Dover and share for share in the
case of the two others. The exchange will require the issue
by the B.
M. of .$2,681,300 additional stock, and will increase the road owned by that company by 116 miles. V.
&
mouth * Dover RR..
&
&
&
—
6S, p. 1224.
Central
New England YiR.—New
Securities.
—The
new
exchange lor Philadelphia Reading &
mortgage bonds, income bonds and stock,
securities issuable in
New England
first
are ready for delivery at the Fidelity Trust Co. of Philadelsyndicate offers to buy a limited amount of fracphia.
tional scrip, of the new securities, on the following basis :
General mortgage bond scrip, 55 per cent; preferred stock
V. 68, p. 1022.
scrip, 10 p. c. common stock scrip, 5 p. c.
A
—
;
— New York New Haven &
Central Ohio RR.— Baltimore & Ohio K.R.— Amended
Rfl.-Sl.500.000 Neic Bo > d s —Tha
Lease.— The stockholders of the Central Ohio RR. Co., as
Thursday was authorized by the 'Massachusetts State Rail- reorganized, will vote Aug. 8 on a proposed amendment to
road Commission to issue 11,500,000 additional bonds, raising the lease now held bv the Baltimore & Ohio RR Co. V. 69,
the total issue to date to $14.500,000.- V. 68, p. 40; V. 69, p. 81 p. 25, 30; V. 67, p. 1^56.
Boston (^oicksilver Mining' Co.— New Enterprise.— The
Chicago & Alton RR —New Mortgage.-The notice of the
company's $1,010,000 of capital stock, all common and in $10 stockholders' meeting to be held on Sept, 7, to authorize the
shares, has been placed on the list of the Boston Stock Exnew loan, describes the same as follows: " Three per cent
change. The following is published
The "property is sit- refunding fifty-year gold bonds, to be dated as of Ocf,. 1,.
uated in Napa County, Cal,, on the Southern Pacific RR., 1899, to be due Oct.
1, 1949, and to bear interest at the rate
and embraces about 6,000 acres, 84 of which were patented of three per cent per annum, payable semi-annually, both
as mineral land and the balance as agricultural.
Three principal and interest payable in gold coin, for the principal
shafts have been snuk, one to a depth of 600 feet, and a numauthorized amount of $40,000,000" The proceeds of these
ber of level- art- equipped with machinery. The mine has probonds are to te used in funding the company's indebtedness
duced 107,200 flasks of quicksilver to date at a profit, though and procuring funds tor completing, furnishing, improving,
operated in a crude way. Indications point to several large operating, or maintainmg its railroads
or extensions thereof.
bodies of good ore." The directors are
There will also be submitted at such meeting the proposition
Jacob Pfaff, President; W. B. Bucbminster, Vice-President and to execute a mortgage to the Illinois Trust & Savings Bank,
Treasurer; Charles Pfaff, Second Vice-President; H. C. Bucbmiuster,
Assistant Treasurer and Secretary; K Hass, Jacob Pfaff, E. H. Mason, as trustee, to secure the payment of said issue of $40,000,000
Simon Retschild, Andrew Nitkereon, W. B. Smith.
face value of bonds, with power to issue additioLal tonds
Principal office, Cheyenne, Wyoming
transfer office, 70 under said mortgage as may be hereafter duly authorized by
the stockholders."- V, 69, p. 26.
Kilby Street, Boston Puritan Trust Co., registrar.
Chicago & Milwaukee Electric By.—Neiv M or tgcge.— The
Brooklyn Rapid Transit— Brooklyn Union Elevated
RR. Electric Trains to Coney Idand. The first regular company has made a new mortgage for |1,5CO,000 to the
Y. 67,
electric train over the Fifth Avenue branch of the Brooklyn Cleveland Trust Co. and Royal Trust Co. as trustees.
p. 900.
Union Elevated RR. to Coney Island was run on Monday.
V. 69, T3. 78.
Chicago Indianapolis & Lonisville Rj.—Ccn.tolidation
Buffalo Gas Co. dnsoUdation. This company is being Denied.- The reports of a pending consolidation or amalgaorganized to consolidate the following companies now held mation of this company with the Southern Ry. Co. are
in one interest, viz,: The Butfalo City Gas Co., the Buflfalo officially denied. The Chicago Indianapolis <fc Louis-ville
Gas Light Co., the Mutual Gas Co.. and eventually the will continue to be operated independently. V. 69, p. 78.
People's Gas Li iht & Coke Co. The new company will be
1 hree-fourths of Stock
Cliicajfo Packing & Provision Co.
authorized to issue
Deposited.— More than the necessary 75 per cent of the outCommon stock to be exchanged for tlie stock of the existing
standing capital stock has been deposited with the American
companies
$7,000,000 Trust & Savings Bank under the reorganization plan. V.
Boston Terminal Co.
Hartford
Boston Terminal Co. on
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Preferred stock, 6 per cent non-cumulative, about $1,710,000, of which will be exchanged $ for $for existing debentures
$2,000,000
New 5 per cent mortirage
$7,000,000
Of which to be held in trust to retire an equal amount of
Buffalo City G as Co. bonds of lg97, due Oct.l,194:7,(that
issue to be limited to $5,900,000)
5,900,000
To be used for Improvements, etc
1,100,0
The Buffalo City Gas Co. owns about 27.000 of the 30,000
shares of the capital stock of the People's Gas Light
Coke
Co. and $l,980,c(0 of its issue of |2,100,00m bonds, these
bonds being pledged as part security for the $5,ii00,000 bonds
of 1897. Ales. C. Humphreys, of 31 Nassau St., President of
the City Company, will be Pretidtnt of the Buffalo Gas Co.
&
— V.
68, p. 1224.
Butte (General Electric Co.— Butte Lighting
& Power
Co. Eeor(jai,ization.—Th.e stockholders of the Butte General Electric Co. are notified ly the reorganization committee
that a plan has been prepared providing for the exchange of
the stock and bonds of the present company into stock and
bonds of a new corporation known as the Butte Lighting &
Power Co. This latter company was incorporated in New
Jersey on July 6 with $1,000,0(0 of authorized capital, in
addition to which it will issue $750,000 of 5 per cent 30-year
gold bonds.
The old company has outstanding $600,000
stock and $500,000 6 per cent bonds, together with a floating
debt of $150,000. Incorporators of the new company are
William J. Cannlrg, William S. Brayton, Charles E. Estabrook,
Christie P. Hamilton. Thomas K. Henderson.
:
Central Branch Union Pacific Ry.— Atchison Jewell
County & Western Ry.— Atchison Colorado & Pacific Ky.—
Consolidate n.— The Central Branch RR. Co. was incorporattd in Kansas on July 7, with a capital stock of $7,585,000, as successor to the Central Branch Union PaciHc, the
Atchison Colorado & Pacific and the Atchison Jewell
County & Western railway companies. The President is
C. G. Warntr, Vice-President of the Missouri Pacific, which
controls the property.
The new company issumes the
$2,500,000 bonds of the Central Branch Union Pacific Ry.
and also $3,459,0(0 of first mortgage 4s, whii h will be guaranteed by the Mijsoun Pacific and distributed to the
assenting bondholders of the Atchison Jewell County &
Western and the Atchison Colorado & Pacific railroad companies (the old companies foreclosed) to the amount of 75 per
—
cent of the principal of their holdings (see V. 68, p. 329.)
V. 68, p. 378, 472.
Central Foundry Co.— Incorporation.- This company,
\?ith a capital stock of $14,000,000, tiled articles of incorpora-
68, p. 1180.
Clafliu (H. B.) Company.— Dividend Increased.— The
quarterly dividend on the common stock has been increased
from 1)-^ to 2 per cent, restoring the stock to the 8 per cent
basis in effect from 1890 to 1892.
The semi-annual statement
appears under the heading "Annual Reports.'" V. 68, p. 82.
Consolidated Lake Superior Co.— Second Imtulment.
The second instalment of $5 on the preferred stock was due
July 1.— V. 68, p. 1180.
Continental Compressed Air Power Co.— Incorporated.
This company, with authorized capital of $15,000,000, was incorporated at Trenton, N, J,, on July 8, The incorporators
are Frank R Shattuck, Edward Everett and George Martin.
Cotton Duck Consolidation. Mount Vernon-Wood berry
Cotton Duck Co.— ConsoUaution Pending.— The Continental
Trust Co. of Baltimore is completing plans for the consolidation of 14 cotton duck mills, which, it is claimed, produce
90 per cent of all the cotton duck made in the United States.
The new company will be incorporated in Delaware, and
will probably be known as the Mount Vernon -Wood berry
Cotton Dock Co. The companit s to be merged are
Mount Vernon Co., four mills, Nos 1, 3 and 4 (Druid), Baltimore,
and Phoenix Baltimore Co nty, Md. Woodberry Manufacturing Co,
(William E. Hooper <& Sons), Ave mills, Woodberry, Clipper, Meadow
Park, and Mount Washington, all of Baltimore; Laurel Co., Laurel,
Md.; Franklinvili- Duck Mills, Franklin, Md.; Tallas-see Falls Manufacturing Co., Tallassee, Ma Greenwoods Co., New Hartford, Conn.j
Columbia Mills Co., Columbia, S. C.
These mills have a large and growing export business, the
Mount Vernon and Woodberry brands having been in existence, it is stated, for more than fifty years, and being known
in all the important cotton duck markets of the world. In
addition to cotton duck these concerns make cotton banding,
cauikiog cotton, yarns, wicks, etc. The Mount VernonWood berry Cotton Duck Co., it is expected, will liave a total
capitalization of $23,500,000, as follows First; mortgage 5 per
cent 50-year gold bonds, of which $1,000,000 is to be reserved
in the treasury of the company, $8,t 00,000; 5 per cent income
bonds, $6,000,(100, a d stock, $9,5')0,000
The reports of the
experts averaging the net earnings for a number of years
show, it is said, in addition to interest on the above bonds, a
dividend on the stock. Some 60 per cent of the cotton duck,
of the grade manufactured by these mills, it is reported, has
been made in the vicinity of Baltimore.
Cuniherland (Tenn.) Coal & Coke Co.— Tennessee Central
Ry. This coal and coke company was incorporated at
Trenton, on July 5, with an authorized capital of §2,000,000.
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THE CHRONICLE.
130
[Vol. LXIX.
William T. Blessing, Cyrus O. God- with the privilege of subscribing to an equal number of
are
Kenneth McLaren. The company, it is said, will shares in the new company at $30 a share. The Harrisburg
take over the lands in Cumberland and Fentress counties, Light, Heat & Power Co. will be authorized to issue $1,000,Tenn., purchased by Col. Jere Baxter and his associates of 000 stock (par $50) and $1,000,000 in 5 per cent bonds. The
securities of the old company were $625,000 stock and $125,the Tennessee Central Railway. V. 68, p. 674.
000 bonds. The Commonwealth Trust Co. of Philadelphia
This
Delaware River & Lancaster UR.— Rails Removed.—
represents the purchasing syndicate.
road, 12 miles in length, waspnrchased at foreclosure sale not
Harrison Brothers & Co.— Dividend. A quarterly divilong ago by the bondholders, who are now removing the
dend at the rate of 7 per cent par annum is payable Aug. 1
rails in order to sell them for old iron.—V. 66, p. 81; V. 65,
The incorporators
:
frey and
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on the preferred stock.— V.
p. 516.
& Toledo Shore Line
UVL.—Offlcial Statement.—
that he is
John H,
not, as reported, connected with the enterprise.
Doyle is President and Jas. King Daffy is Secretary of the
company. The latter makes the following statement
Our company was incorporated in Michigan March 31 st, 1898,
under the title of Pleasant Bay Railway Co., and In April, 1899. the
title was changed to the present one, Detroit & Toledo Shore Line
RR. Co. Caoltal stock was increased to $1,500,000 and the line
extended to Detroit, with authority to purchase the property of the
Toledo & Ottawa Beach Railway, an Ohio corp«ration extending from
Toledo, Ohio, to the Michigan State line, giving this company a complete line from Toledo to Detroit. The property of the Toledo &
Ottawa Beach has been acquired in accordance with such authority.
The mortgage for $100,000, referred to in the clipping, is an error,
and arises evidently from confusing the item of $100,000 provided iu
the mortgage to the Illinois Trust & Savings Bank for the purchase
Detroit
C N.Haskell, in response to our inquiries, writes
of the property of the Ottawa Beach Company.
The road is to be completed from Toledo to Detroit, 50
by Jan. 1, 1900.— V. 68, p. 1132.
Distillery Company of America.— /ncorporafed.— The
company was incorporated at Trenton on July 11, with an
authorized capital of $125,000,000, of which $55,000,000 is to
be preferred 7 per cent cumulative. The plan of consolidation was in V. 6S, p. 1224.
Properties Taken Over. — The company on Thursday took
miles,
formal possession of the majority interest in the securities of
the four constituent companies deposited under the agreement of June 21.— V. 69, p. 79.
Electric Axle Light & Power Co, National Electric Car
Lighting Co. Incorporated. The Electric Axle Light &
Power Co. was incorporated at Trenton, N. J., on Jaly 8 with
an authorized capital of $25,000,000, all common, for the
purpose of "lighting, heating, ventilating and refrigerating"
railroad cars by means of electric currents generated from
the revolutions of the car axle. The company has absorbed
the National Electric Car Lighting Co. of New York, which
controls the Moskowitz axle light in use on 100 cars on the
Atchison and on private cars on other roads. The National
Company was incorporated in 189t and has had outstanding
$2,000,000 of common stock and in January last proposed to
issue $500,000 preferred. The new enterprise is backed by
Isaac L. Rice and others identified with the Electric StorThe new stock is in shares of $100 each, and
age Battery Co
at the outset $10 per share will be called, payable in two
equal instalments. The entire stock is to be paid for, and
will be issued without bonus or commission of any kind,
V. 67, p. 1357.
Electric Co. of America.— Dividend. The company has
declared its first dividend, namely 50 cents per share, payable
July 25 to stockholders of July 20.
Instalment. It is stated, "as coming from an official source,"'
that a call of $2 50 per share has been authorized and that
notices of the same are being prepared. This will .make
$7 50 paid in on each of the 350,000 shares outstanding. The
par value of the shares is $50 and the total authorized iseue
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|25,0r0,000.
— The formal transfer of the Edison IllumiPower Co. of Long Island City, formerly owned
New York & Queens County Railway Co., to the ElecCo. of America, was made this week.
Negotiations for
Acquisitions.
nating
by the
tric
&
the control of the Chicago electric-lighting companies and
other plants are reported pending. -V. 6% p. 1075.
Federal Steel. Dividend. The directors on Wednesday
formally voted to set aside $581,653 for the dividend on the
common stock, to be distributed whenever the same can be
legally paid. The dividend for the year on the preferred
stock has already been set aside out of the earnings of the
company. V. 69, p. 79.
Great South Bay (N. Y.) Water Co.— Bonds Offered.—
Boody, McLellan & Co. are offering for sale at 105 and
interest a block of this company's 5 per cent 3 »-year gold
bonds, secured by the mortgage recently filed. The plant
was constructed in 1888; system stand pipe; supply, artesian
The company operates in towns representing a popuwells.
lation, it is said, of about 25,0i^t', viz: Bayport, Islip, Sayville, Patchogue and Bay Shore, Long Island.
V. 68, p. 1181.
Hackensack Water Co., Reorganized. Listed.— The New
York Stock Exchange has listed $459,875 additional common
—
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68, p. 723.
Illinois Central RB. Line to Oma/ia.— President Fish ia
quoted as saying that the line to Omaha will be completed
by Christmas.— V. 68, p. 824.
International Car Wheel Co.— Official Circular.—ThiB
company, mentioned recently, is a consolidation of certain
car wheel works and charcoal blast furnace properties in the
Eastern States, Canada and the Like Superior district. It
has an authorized capital of $5,000,000 seven per cent cumulative preferred stock and $10,000,000 common stock.
Of
this capital, however, only $1,775,000 preferred and $8,235,000
common
is to be issued at present.
An official circular says
the consolidation has been effected on the following basis :
Of the preferred stock, $775,000, and of the common stock, $3,255,-
000, win be issued in full payment for the real estate, buildings, tools,
machinery, plant and good will of the various consolidating companies; $1,000,000 preferred stock will be sold to provide working
capital. The balance of the $.5,000,000 preferred and $10,000,000
common stock will be reserved for future issue as may be necessary
for the expansion of the business or the acquisition of other like properties. Each company will collect Its own bills and accounts receivable and all other moneys due to It, and pay all its outstanding obligations of every kind. Manufactured and unmanufactured stock, iron,
etc., will be disposed of by each company for Its own account; but the
new company may purchase the same at present market value.
The consolldatlug companies are
—Daily
Wheels,
Number.
New York
Car Wheel Works, Buftalo, N. Y.
City and Philadelphia Works, Philadelphia
Car Wheel Co., Pittsburg Car Wheel Co
a Swett Car Wheel & Foundry Co., Chelsea,^
Capacity.Castings,
Quantity.
500
10 tons.
200
20 tons.
Ont....
200
20 tons.
Hamilton Wheel & Foundry Co., Hamilton,
Ont
Montreal Car Wheel Co., Montreal, P. Q
Ramapo Wheel & Foundry Co., Ramapo, N. Y.
John MoDougall & Co., Montreal, P. Q
200
100
200
loO
30 tons.
Mass
>
a Boston Car Wheel Co.. Boston, Mass
8t. Thomas Car Wheel Co., St. Thomas,
)
Total daily capacity (to be increased at
once, as below stated)
1,500
a Now being
put
20
tons.
100 tons.
consolidated; capacity moludes additional plant being
In.
Western Charcoal Iron Furnace Property, Manistique, Mich.; dally
capacity, 100 to 12.5 tons charcoal Iron. Includes supply of ore for
this year's operations and supply of wood for charcoal making, sufflsient for operations for a period of twen'y years.
The consolidation will insure not only economies in administration
and freights, but an adequate supply of raw material for all the operations of the new company. It is not the intention to close any of the
cenaolldatlng plants, as only those have been acquired which have a
regular and well-established business in supplying uteam, electric and
other lailways with wheels and castings. Options have been obtained
upon other valuable furnace property, extensive woodland for charThe capacity of the oar wheel works
coal making and ore supply.
acquired will be Immediately increased to 2,000 and, if necessary, to
2,f)00 wheels per day. The furnace property acquired is in shape to
start up within a few months and is now supplied with ore for this
year's operations. In Canada the wheel companies have secured for
a term of years the product of the new charcoal furnace of the Canada
Iron Furnace Co. now building at Midland, Ont., which wiU have a
capacity of 100 tons per day. It is the intention to export charcoal
pig iron as part of the new company's operation for the uen of affiliated oar wheel worus now operated and under construction in Europe.
The directors were mentioned last week. — V. 68, p. 1182.
Kansas City & Omaha ViVi.— Payment on Old Bonds.— The
report of the Special Master in the matter of the foreclosure
sale shows that after the payment of expenses and taxes, as
authorized by th=) Court, there were no funds applicable to a
payment upon the first mortgage bonds. The receivers recently advertised that on July 6, 1899, they would be ready
to pay at their office, 80 Ames Building, Boston, the amounts
due upon each of said bond with coupon of Jan. 1, 1894, as the
final dividends derived from the unmortgaged estates of tbe
Grand Island RR. ana Kansas City &
Joseph
St.
Omaha RR., these amounts being $8 05 and $1 06 respective(Official.)— V. 64, p. 567.
ly, in all$!i 11, for $1,000 bond.
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Kings County Elevated RB. Co.— Brooklyn Rapid TranCo. Reorganized Company. The Kings County Elevated Railroad Company was incorporated at Albany on
July 7 as successor of the Kings County and Fulton Elevated
Railway companies, foreclosed last week. The new company's authorized capital stock is $8,800,000, of which $2,800,000 is noQ-cumulative 5 per cent preferred. Formal possession of the property will be taken by the Brooklyn Rapid
Transit Co. in a short time.— V. 69, p. 80, 78.
capital stock, making total amount listed $1,225 000.
Leavenworth Topeka & Southwestern Railway. Notice
Hanover Street Ry. Consolidation. — The Massachusetts to B mdhulders. Bondholders are invited to communicate
The recent
Railroad Commissioners have approved the proposed con- with C. H. Venner & Co 86 State St., Boston
—
sit
—
.
solidation under this title on a share for share basis.
68, p. 1133.
— See V.
(V. 68, p. 1182) affdcted only the bonds directly
involved in the litigation, and was on terms which both sides
agreed to keep private. The above invitation is extended for
adjustment
Harrisburg (Pa.) Electric Co.— Harrisburg Light Heat
Applicaiion was to be the purpose of locating scattered bonds.
Co. aale. ISiew Company,
Sale postponed. The foreclosure sale has been postponed
made yesterday at Harnsburg, Pa., for the incorporation of
the Harrisburg Light, Heat & Power Co., the concern which till Aug. 9.-V. 68, p. 1182.
is to absorb the Harrisburg E!e:;tric Co.
The stockholders
Louisville & Nashville RR. Extra Dividend.— The diof the latter company had the option of accepting either $100 rectors on Monday declared a dividend of 1>^ per cent and
cash for each $50 share of their present holdings, or $70 cash an extra dividend of % per cent, payable on and after Aug.
& Power
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July
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THE CHRONICLE.
15, 1899.]
131
10 proximo to stockholders of July 27, 1899. August Belmont, Chairman of the board, says
"The rate of 3 per cent per annum, -which was begun at
the last dividend period, cannot conservatively be changed,
for the conditions governing the present satisfactory earnings of the road are not sufficiently settled to admit of raising the rate. Out of the surplus for the year, however, the
board has concluded to pay one-half of 1 per cent extra, acd
to carry the balance over into the ensuing year." The preliminary statement, partly estimated, for the year ended
June 30 is published under the heading "Annual Reports.'
It shows a surplus after all charges of |2, 557, 678, equal to
484 per cent on stock, and an increase of $924,777 as comdividend of IJ^ per cent
pared with the previous year.
was paid in Feb., 1899. This with the 2 per cent now declared makes 3*^ per cent for the fiscal year, leaving a surplus from the year's operations of $709,678.— V. 68, p. 1078.
supplies the
Manhattan (Elevated) Rj.— Contract Let for Power
House. On Tuesday President Gould announced that
a contract for engines for the power house of the company
had been awarded to the E. P. Allis Company of Milwaukee,
Wis. The contract is for eight engines of a minimum ca-
preference also as to assets in case of liquidation. The preferred
stock dividend is, therefore. $2,800,000 per annum, and is limited to
that amount. Not one dollar of mortgage lien exists upon any of the
properties, and the stock is further protected by the provision In the
charter that no mortgaee lien si all ever be placed upon any realty of
the company, save with the written consent of at least 80 per cent in
amount of the holders of both preferred and common stock. The company starts with abundant working capital, including several million
dollars in cash. The company does not design llmitinK production by
shutting down mills; on the other hand, large increase in mill capacity and additional producilve power Is actively under way— notably at its Riverside iron plant at WheellDg. All the stockholders of
the various old companies were offered an opportunity to taSe either
cash or the stock of the new company in payment. Over 90 per cent
elected to take the new st( ck and only lO per cent (mostly scattered
holders in small amounts) elected to take cash in payment
thus
showing that those who for years have been connected with the
business, and have brought it up to its present prosperity, have faith
in the enterprise, and prefer to stay with it rather than to witndraw.
So largely was tne stock taken by the manufacturers
themselves that only $7,000,000 was available for subscription, and for this amouLt tbe applications, without a
public oflfering, reached a total of $20,000,000.
The heads of each of tbe old concerns become manageru
in the new companv.
The officers and directors are:
Offiot rs -President, Edmund C. Converse; Chairman of the Board,
Joshua Rhodes; First Vice-President, F. J. Hearuf Second Vice-President, Horace Crosby; Third Vice-Piesident, financial, Francis L.
Potts; General Manager, A. S. MathesoD; Treasurer, Arthur F. Luke;
Assistant Treasurer (at Pittsburg), William H. Latshaw; General
Counsel, Sullivan & Cromwell.
Directors—Joshua Rhodes, J. J. Vandergrlft, Chas. H. Coster, William B. Rhodes, F. J. Hearne, J. N. Vance, John Eaton, Francis L.
Potts, F. R. Tobey, Jonathan Rowland, Daniel O'Day. A. S. Matheson,
O. C. Barber, Hpnry Aird, John Don, Edmund C. Converse, Horace
rosby, William Ntlson Cromwell, William 8. Eaton, A. F. Luke, William J. Curtis, William P. Hamilton, A. H. Gillard.
The financial headquarters will be at
York; the manufacturing headquarters at Pittsburg
J. P. Morgan
Co.
:
A
pacity of 8,000 horse power each, but capable of developing
100.000 horse power in the aggregate.
Supplemental Mortgage. The company has placed on
record a supplemental mortgage authorizing the issue of its
4 per cent bonds of 1890 n registered form, to make them
available for savicgs-bank purposes.
Judgments iV'ez« Bonds It is stated authoritatively that
of the proceeds of the recent sale of $1 8, OC 0,000 new stock,
$6,000,000 has been used to pay the old right-of-way judgments, which were drawing interest at the rate of 6 per ent.
The remaining $12,O0O,C«O has been loaned in Wall Street.
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V. 69, p. 27.
National Casket Co. -Stock /r;crease.i.— The company on
Monday tiled at Albany a certificate of an increase of its
capital
from
.
3,000,0(10 to |6, 000,000.
The
certificate states
the debts and liabilities as $220,000. The number of directors
is also increased from nine to thirteen.
It was recently
reported that the company was to form the nucleus of a
combine of manufacturers of coflfios, with a proposed capitalization of $25j000,0( 0, the promoter being C. William
Chappel of Rochester. Among the firms mentioned in connection with the movement were
stein Manufaoturinj? Co., Rochester; Chicago CofHn Co.; Chase,
Maxwell & Co., Oneida Hamilton, Lemm on, Arnold & Co., Pittsburg;
;
Indianapolis Coffin Co.; Louisville Coffin Co.; Nashville Burial Co.;
Colorado Casket Co.; Omaha Casfeet ».o.; Iowa Casket Co.; Des
Moines, Iowa, and the Muskingum Coffin Co., Zanesville, Ohio; New
York & Brooklyn Coffin Co.; H. E. Taylor & Co.; Cincinnati Coffin Co.;
Sergeant & Co.. New Haven; the Textile Manufacturing Co.; the
Crane & Breed Mfg. Co. of Cincinnati, and the New Haven Casket Co.
An officer of the National Casket Co. denies that the company is planning to organize a trust, but admits that it
has about completed arrangements to purchase a number of
other establishments, probably not more than six all told.
—
National Glass Co. Officers. This company, whose capitalization, it is understood, will be about $20,000,000, on July
12, at Pittsburg, elected the following officers :
President. H. C. Fry, Rochester Tumbler Co First VicePresident, D. C. Jenkins. Canton Glass Co., Marion, Ind,;
Second Vice-President, J. M. Jamison, of the Greensburg, Pa.,
Glass Co. Treasurer, Daniel C. Ripley, United States Glass
;
;
Co.—V.
69, p. 81.
—
National Tube Co. Consolidation Completed. The consolidation of the wrought steel, iron tube and pipe industry
of the United States was completed this week by William
Nekon Cromwell and Edmund C. Converse, the consolidation purchasers, at the office of the eyEdicate bankers, J. P.
Morgan
Co. The National Tube Co., as so organized,
constitutes the largest tube concern in the world, and
it is the third largest steel and
iron corporation, the
&
Krnpps and the Carnegies alone exceeding
statement says that the company owns and
following plants:
National Tube Works
Co.,
it.
An
official
operating the
is
McKeesport, Pa.; Riverside Iron Works,
blaet furnaces, rolling mills and pipe works at
Wh
eling,
W.
Va.;
Seamless Tube Co., Cluisty Park, Pa.; National Rolling Mills, McKeesport, Pa: American Tube & Iron Co., plants at Youngstown,
Ohio, and Middletown, Pa.; National Forge & Irrn Co., McKeesport,
Pa.; Pennsylvania Tube Works, Pittsburg, Pa.; Boston Iron & Steel
Co., McKeesport, Pa.; Allison Manufacturing Co.. Philadelphia; Monongahela Furnaces, McKeesport, Pa.; Morris Ta?ker <fc Co., Delaware
Iron plant at New Castle, Del.; Republic Iron Works Pittsburg, Pa.;
Oil Well Supply Company's Continental Tube Works and Elba Iron
Works at Pittsburp, Pa.; National Galvanizing Works, Versailles, Pa.;
Chester Pipe & Tube Co., Chester, Pa.; Monongahela Steel Works,
MeKeesport, Pa.; Hooven Plant at Noriistown, Pa; Oil City Tube
Works, Oil City, Pa.; Syracuse Tube Works, Syracuse, N. Y.; Ohio
Tube Co., Warren, Ohio; Western Tube Co. contract until 1902 and
one- third stock ownership), Kewaunee, 111.
" These works are now turning out about 1,100,000 tons of
all classes of tubular goods of wrought iron and steel, embracing hundreds of varieties, from one sixteenth of an inch
to three feet in diameter. This includes all grades of steam,
gas and water pipe, hydraulic pipe, locomotive and stationary boiler and water tubes, casing, drive pipe and tubing for
oil production and artesian wells, electric conduit p'pe, tele
phone and telegraph conduits, trolley poles, ammonia and
gas cylinders, bottles, sbrapnel shells and projectiles, hand
rails, arch pipe and innumerable other varieties for hundreds
of purposes."
" While the company thus
President Converse says
practically controls the domestic business, it also is a powerful factoi;in the other markets of the world. The company
,
:
Russia, Bulgaria, Java, Japan and
the Scandinavian
Peninsula, Holland, Germany, Mexico, Central and South
America, China, India. Australia and other countries and colonies with large quantities of merchant pipe. It was but lately
that the company executed an order for ten miles of twentyeight inch steel, high pressure water line pipe for the Rand
Mines, earning three bonusess of £1000 each for quick
delivery.
This order was taken in public competition with
the manufacturers of the world. The company gives employment to 25,000 men, there being 8,000 at its McKeesport
Mills alone.
William Nelson Cromwell, General Counsel, says in substance
"The net earnings this year will be between $6,000,000 and $7,000,000, while the annual savings in transportation and other expenses will
be from $2,000,000 to $3,000,000 additional. The capital stock is $80,000,000; of this $40,000,000 Is 7 per cent cumulative preferred, with
Italy
oil fields of
and Canada with tubular goods
;
:
;
;
•
New
&
;
financed the consolidation.— V. 69,
p. 28.
—
New England Cotton Yaro Co.— Over-subscribed. Sut«
ecriptions to the $5, 700,000 5 per cent first mortgage gold
30-year bonds and $2,000,f 00 7 per cent preferred stocks were
largely in excess of the amount offered. Subscriptions to
amounts of $2, OCO and less were allotted in full; subscribers
to larger amounts were allotted 65 per cent of their subscriptions to preferred stock and 28 per cent of the amount of
their subscriptions to bonds.
V. 69, p. 81.
—
Northern Ohio Traction Co.— Abroa Bedford & Cleveland RR.— Akron Traction & Electric Co.— Corsr It lation.
New Bond.^. The Northern Traction Co., as successor
by consolidation of the two other companies named, will vote
Aug. 5 upon the question of executing a mortgage to the
—
—
Central Trust Co. as trustee, securing an issue of $3,000,000
of 5 per cent 20-year gold bonds and the issuance of $2,500,000
of said bonds. The articles of consolidation were filed this
week. The new company's authorized capital stock is $3,000,' 00, of which $1,010,000 is to be preferred.— V. 68, p. 1074.
Northern Pacific Rj.—Neiv Director.- On Wednesday Mr.
John S. Kennedy, a large stockholder in the companv, was
elected a director of the Northern Pacific Ry. Co. He succeeds the late John G. Moore, and represents, as did the
The
latter, the Great Northern interests in the property.
managements of the two companies are stated by high
authority to be working in perfect accord.
Favorable Decision.— At
St.
Paul on Thursday the United
States Circuit Court of Appeals handed down a decision holding that Ashland, and not Dnluth, is the terminus of the
road, and that therefore the company is entitled to the one
million acres of land which the Government had sought to
have excluded from the land grant.
iawdSaies.-The land sales for the fiscal year 1898-99 are
Bastern District, includreported by telegraph as follows
ing Minnesota. North Dakota and Montana, 1,421,000 acres;
last year, 946,000 acres; Western District, embracing Washington, Oregon and Idaho, 728,000 acres; last year, 616,679
:
acres.— V.
68, p. 1227.
Ogden Gas Co.— Bonds Authorized.—The stockholders on
Monday authorized the proposed issue of $10,000,000 5 i>er
cent 40 year bonds referred to last week.— V. 69, p. 81.
Omaha Water Co.— Dividend on Second Prfferred. —The
company has declared the third semi-annual dividend of 2J|
per cent on its first preferred stock and also the first dividend
V. 67, p. 127.
of 1 per cent on the second preferred stock.
Foreclosure
Ya.—
Pennsjlvania Traction Co. of Lancaster,
Decree.— Judge Dallas in the United States Circuit Court, at
Philadelphia, on Thursday granted a decree for the foreclosure sale of the property of the Pennsylvania Traction Co.
The suit was brought by the Provident Life & Trust Co. of
Philadelphia, the trustee of the mortgages.— V. 67, p. 1208.
—
—
—
—
—
—
THE CHRONICLE.
132
[Vol.
LXIX
People's Brewing' Co. of Trenton, N. J.—Mortgaoe for accomplished last month, and a mortgage issutd dated June
$1,500,000.— The company has made a mortgage for $1,500.- 15 covering what was formerly the main line of the J. T.
OOO to the Trenton Trust & Safe Deposit Co. as trustee.
K. W. and now known as St. John's River Division of the
People's Gas-Light Co. of New Jersey.— SdZe.— With re- Savannah Florida & Western Railway. The new mortgage
gard to the proposed sale of the company to the United provides for an i8.«ue of $1,500.( 00 gold 4 per cent bonds due
Of this amount, $1,350,000 aienow outstanding
G-as Improvement Co. (last week's Chronicle, page 80, under Julv 1, 1934.
Hudson C«-unty Gas Light Co. ) a circular sajs the stock- and the balance is to be issued at the rate of $50,000 per year,
holders may accept $125 cash for each $50 share, or, in lieu commencing with the present year, for improvements,
additional rolling-stock, building brancii Hoes, etc.
The
of cash, 5 per cent oonds to be issued by the consolidated
properties, these being the same terms as suggested last week. capital stock of the Jacksonville & St. John's River Railway
The necessary three-fourths of the stock of the Hudson was made $20,000, which was exchanged after consolidation
W. V. 69, p. 82;
County Qas-Light Co. has consented to the sale at the price for the same number of shares of S. F.
V. 68, p. 977.
already reported, viz., $375 per $100 share.— V. 69, p. 80.
Securities Co.— Equitable Securities Co.— Successor ComPhiladelphia & West Chester Traction.— S^ocfc.- The
stockholders will vote Sept. 5 on a proposition to increase the pany. The Securities Company of New York, with a capital
capital stock from $400,0(0 to |1, 000,000 for the purpose, it of $2,000,f >, was incorporated at Albany on July 7 as sucis said, of extending the line to Downington.
V. 67, p. 1309. cessor of the Equitable Securities Co. per plan in V. 68, p. 1181.
Silverton RR. Eeceiver. Upon the application of PresiPittsbnrg & Western Ry.— Baltimore & Ohio RR.-Lake
Erie & Western RR.— Bonds Sold.— The Lake Erie & dent Octo Mears, Alexander Anderson has been appointed
Western RR, Co. has sold its holdings of Pittsburg & Receiver of the property.
Western 2d mortgage bonds (V. 68, p. 719,) to the Baltimore
Sioux City & Western Ry.— Oncers.— The directors of this
Ohio RR. Co., which owns quite a block of the bonds in successor of the old Sioux City O'Neill & Western include
addition to the lot just purchased. The present sale includes James J. Hill,
P. Clough, President and Vice-President,
Hill, assistant
$2 052,000 of the total issue of $3,500,000, and is important respectively, of the Great Northern; Louis
as opening the way to a reorganization of the property in the to President Hill; D. Miller, Second Vice-President, and
interest of the B.
Edward Sawyer, Treasurer. Of the new company Mr.
O.
Preferred Stockhclders' Committee. A. Foster Higgins, J. Miller is President and Mr. Sawyer, Secretary and Treasurer.
Harsen Rhoades and Charles W. Baker, the committee rt^p- These names seem to indicate that the Great Northern is
resenting the preferred stock of the Pittsburg & Western largely interested in the reorganized company, although the
Ry Co., announce that a large majority of the same has been reported sale of the property to the Great Northern is denied
deposited with the Knickerbocker Trust Co.. and that bv those heretofore identified with the Sioux City O'Neill
further deposits will be received until and including Aug. Western.— V. 69, p. 28.
15.
The committee will cause a thorough examination to be
Southern Pacific Co. Increase of Stock. The stockmade of the physical and financial condition of the property holders will vote July 26 upon a proposition to increase the
and its earning capacitv, after which a plan of reorganiza- capital stock from $150,000,000 to $200,000,000, in order to
tion will be formed.— V. 69. p. 28, 25, 30 V. 68, p. 1075.
carry out the plan for acquiring the stock of the Central
Reading Company.— Purc/iase. The Reading Iron Com- Pacific— V. 68, p. 1183.
pany has bought the mining rights to 9,0(J0 acres of bituminSouthern Railway Co.— $1,000,000 Bonds Listed.-The
ous coal lands in Somerset County, Pa,, tapped by the Balti- New York Stock Exchange has listed $1,000,0( additional
more & Ohio. The company has outstanding §1,000,000 of first consolidated mortgage 5 per cent gold br nds of 1994,
full-paid capital stock, of which $998,000 is owned by the making total listed to date $28,859,000. Of the additional
Reading Company.— V. 69, p. 82.
bonds, $813,000 (forming part of the $2,000,000 issuable under
Rutland-Canadian RR.— Rutland B,Ii.— Bonds Offered.— the mortgage for additions, etc., on account of the year 1897)
E. H. Rollins & Sons, of Boston, and Durscomb & Jennison, were applied chiefly toward meeting the cost ($923,156) of the
of New York, offer for sale at 101 and interest by adver- properties and franchises of the Knoxville Cumberland Gap
tisement on page x. $600,000 first mortgage 4 per cent gold & Louisville Railway, a road 63 miles in length, acquired by
bonds of the Rutland-Canadian RR. Co. These bonds are deed June 29, 1898, and.the Knoxville Belt RR. 5-8 miles in
dated July 1, 1899, due July 1, 1949, and are guaranteed, length, acquired by deed Jan. 13, 1899. The Southern Railprincipal and interest, by the Rutland
Co., this guar- way consolidated mortgage is now the first and only lien
anty being endorsed on each bond. The loan is limited to upon these properties, the first mortgage of the Knoxville
$1,100,000, the Old Colony Trust Co. being mortgage trustee; Cumberland Gap & Louisville Railway Co. having been
$500,00 of the bonds have already been s )ld.
duly satisfied by instrument dated July 19, 1898. The reThese bonds are a first mortgage on 46 miles of road now mainder of the bonds just listed ($187,000) take the place of
being constructed from Burlington, Vermont the northern an equal amount of equipment and other bonds retired as
terminus of the Rutland RR. proper directly north, crossing per mortgage. V. 69, p. 28.
the islands of Lake Champlain, to Rouse's Point— the eastern
Standard Underground Cable Co.— Dividend, Etc.—The
terminus of the Ogdensburg & Lake Champlain RR.— form- dividend of 40 per cent in stock is advertised to be paid to
erly the connecting link of the Rutland Railroad System stockholders of record at close of business on Aug. 1. An
from Ogdensburg, N. Y.,to Bellows Falls, Vt. The building allotment of right to subscribe to $100,000 stock will be made
of this line brings under one management 278 miles of road, Aug. 15 to holders of Aug. 1.—V.
69, p. 82.
and forms by connection with the Fitchburg Railroad at
Judgment
Island
Ry.—
$178,189.— B^ichaTd and
Staten
for
Bellows Falls a direct line of B92 miles from the Likes to
Boston. The Rutland-Canadian RR. is under contract to be Robert Wetherill of Chester, Pa., who of late have been
the road, have filed a judgment against the property
finished Oct. 1st, 1899, and vdll be entirely laid in eighty- managing
for advances made between Dec. 6, 1897, and
for
$178,189
pound steel rails, with steel bridges and stone sub-structures
and causeways across the arms of the lake. The plans call Feb. 23, 1899. William B. Rockwell resigned as General
for the structure to be entirely of steel and stone, excepting Manager eighteen months ago. V. 61, p. 737.
Susquehanna Iron & Steel Co.— Directors. Directors are:
the ties. For the year ending June 30 the earnings of the
Dr. L. 8. Filbert, Sen. Chas. A. Porter, Wm. Patton, Jno. Q. Denny,
Rutland RR. alone (120 of the 278 miles of the system) were
Wm. Staeoy, Kennedy Crossan, C. G. KaufFman, Wm. C. Martin and J.
Tear ending June 30.
18P8.
1699.
Gross of Rutland RR proper
$768,251 $82", 149 Wesley Supplee.
Operating, Includ'g maintenance and batterments. 455,813
438,167
Chas. A. Porter is President, Dr. R. Y. Filbert, Secretary
Net
$312. 38 $3-'8,' 82 and Treasurer, and John Q. Ddnney, of Columbia, General
Manager. Payment was made for the six plants (see V. 68,
Total annual interest charges entire system including present
l83ue
$362,fOO p. l07H)on July 1
Acquired.— The company has bought the plant of the JanSee full particulars in advertisement; also see V. 68, p. 131,
son Iron & Sreel Co. built at Columbia, Pa in 1694. The
St. Lonia Traction Co.— National Railway- Southern
transfer ofiBce of the Susquehanna company is at 804 Qirard
Electric RR. Two More City Lines acquired. Circulars
Philadelphia.— V. 68, p. 29.
announce that the holders of two- thirds of the capital stock Building,
Land & Improvement Co. New Company. This
Tacoma
of the National Railway Co. and the Southern Elei trie RR.
Co. of St. Louis have entered into a contract with the Mary- company was incorporated this week in New Jersey with a
land Trust Co. of Baltimore for the sale of their stock at capitalization of $750,000 seven per cent cumulative pre$150 a share. The first cash payment, $25 a share, is pay- ferred stock and $550,000 common stock. The company
able to-day, the balance, with 4 per cent interest, on or be- acquires the stock of a company of the same name incorfore Jan. 1, 1900. Deposits of the stock are requested at the porated in Washington. The last-named company is sucContinental National Bank, St. Louis.
These two roads cessor to the Tacoma Land Co., whose mortgage was recently
will come into the consolidated system which Brown foreclosed. Under the reorganization plan the Washington
Brothers Co. are perfecting, and which includes all lint-s company issues $l,t 00,000 five per cent 20-year prior Hen
in St. Louis except the St. Louis & Suburban Railway. gold bonds and $450,000 general 4 per cent 20-year gold bonds.
Announcement of the capitalization will be made verj' Samuel E. Kllner, 120 Broadway, will be the President of
the reorganized company. V. 68, p. 475.
shortly. -V. 68. p. 1227. 620.
Savannah Florida & Western Ry.— Jacksonville & St.
Tennessee Copper Co. New Company. This company,
John's River Railway Co. Consolidation— New Murtgage. whose shares have been dealt in of late on "the curb," was
The Jacksonville & St. John's Ry. Co. was organized to organiz»-d last April under the laws of New Jersey by
acquire that portion of the Jacksonville Tampa
Key West Lewisohn Bros, and others, to acquire and operate copper
Railwa.T Co. purchased for the Plant system, viz., the main sulphide properties at Ducktown, Polk County. Tenn. The
line from Jacksonville to Sanford, Fla. also for the purpose authorized c^pital stock is $5,000,000, of which $625,000,
of isf-uing a divisional bond covering the same, the Jackson- along with $1,000,000 cash, is reported held in the treasury.
ville & St. John's River Railway Co. to be consolidated with The shares are of the par value of $25 each, and the amount
the Savannah Florida
Western Railway Co. This was paid by the subscribers, it is stated, was $20. About 6,000
&
—
&
—
—
—
&
W
&
W
—
&
—
;
—
RR
)
—
—
—
—
—
:
,
—
—
—
—
&
;
&
—
July
THE CHRONICLE.
15, 1899.]
acres of land are embraced in the property.
Barrage
;
Sec.
President, A. C.
and Treas., Adolph Lewlsohn.
Texas & Paciflc Ry.— Missouri Pacitic Rj.—New SecuriReady. The new bonds of St. Louis Iron Mountain &
Southern Railway Co.. to which the holders of certificates
for deposited Texas & Pacific second mortgage bonds are
entitled, viz $650 par value of the new bonds tor each $1,000
—
ties
,
par value of the deposited bonds, are now ready for delivery,
at the rate of one hundred schedules per day, at the Mercanbee particulars in our advertising columns.
tile Trust Co,
—V. 68, p. 1184 V. 69, p. 27.
;
Third Avenne RR. Poicer fi^owse.— Plans have been submitted to the Department of Buildings for a fireproof electric
power house, to be erected at the northeast corner of Ninth
ave. and 216th st. at a cost of about $1,000,000.— V, 69, p. 29.
Tidewater Steel Co.— Second Instalment. The Investment Co. of Philadelphia is issuing the engraved certificates
of full-paid stock on payment of the second instalment of
The Philadelphia Stock Exchange has listed the $1,500.|5.
—
OOO stock
shares $10 each, full paid, registered with the
V. 68, p. 1136.
;
Investment Company of Philadelphia.
Union Light & Power
—
Lake City.— A plan
Co. of Salt
reorganization has been prepared under date of June
3i>,
of
1899,
Cannon, Le Grand Young, J. Bevan Braithwaite, Wm. Nelson Cromwell and Wm. J. Curtis, the reorganization committee. The Union Light & Power Co. is a
Utah corporation, having outstarding $750, 0( first (prior lien)
mortgage bonds and $2,066,000 consolidated bonds; it also
owns the property and capital stock of the Pioneer Electric
Power Co., subject to a 6 per cent mortgage for $1,500,000.
by Georse
Q
The plan provides that a new company shall acquire all of
the property now owned by the present Union Light &
Power Co. and shall be authorized to issue:
Common Rtook In $25 shares
$1,500,000
l,o62.jco
Of which in exchange for $4,250,000 U. L. & P. common..
To remain in treasury
437^oo
8 per cent non-oum. pref. stock. In shares of $25 each, all
for reorganization
$2,000,000
Prior lien (Pioneer) 4 per cent gold bonds, payable July 1,
1929, coupons J.&J., first coupon payable Jan. 1,1900,
secured by first mortgage on the property formerly
owned by the Pioneer Electric Power Co
$1,000,000
(All as part consideration for $1,500,000 Pioneer Electric Power Co. first 6s.)
Prior lien (Union) f> per cent gold bonds, payable Jan. 1,
19c!0, coupons J. &J., first coupon payable Jan. 1, 1900, to
be for eight months' Interest, the bonds to be subject to
call at par on six months' notice in amounts of not less
than $10,000 at any time after Jan. 1, 1905, and secured
by a first mortgage on the same property which now
secures the present first (prior lien) mortgage of the
Union Light
& Power Co
except $1,000 In exchange for the $749,000 U. L. &
P. prior lien 5s, $ for $.)
Consolidated first mortgage 4 per cent gold bonds, payable
Jan. 1, 1930, coupons J. & J., first coupon payable Jan. 1,
1900, secured by mortgage on all of the property of the
$750,000
IT With power to increase the amount of such issue with the consent
of holders of three-fourths of the outstanding common and preferred
Stock and such assent of bondholders as the committee may determine upon, tor The purpose of acquiring aiiditional properties or for
new con-truction as may be provided in the deed of trust.
-
Old secnritieg.
<$100 stock; $1,000 bond.)
Common
Stock.
Com. Pref.
,
:
Will Beceive.
.
Prior Lien.
js.
4s.
Consol.
4s.
$25
stock
To be surrended and
Pref. stock. $300,000
U. L. <k P. 1st fis.
U. L. & P. consol. 6s
Pione er Ist 6s
canceled.
$1,000
$500
$."500
III6623
$66623
Also new 8 per cent preferred stock for $658,500 shall be Issued
Lorenzo Snow, Trustee, or his nominee, in consideration of the reduciion of the Pioneer Electric Power Company's h per cent first
mortgage bonds from $l,500,t00 to $1,000,000, and in consideration
lor the cancellation of $300,000 par value of the preferred stock of
the Union Light & Power Co.
New 8 per cent preferred stock for $58,500 shall be issued
to the Gas, Water
General Investment Trust, limited, as
consideration for their guaranty of a dividend for one year
of 2 per cent in two half-yearly instalments, July 1, 1899,
and Jan. 1, 1900, upon $1,033,000 of the new preferred stock
issued to the holders of present consolidated bonds of the
Union Light
Power Co.— V. 66, p. 575.
TT
to
&
&
Utica will be CO' struoted. It is contidently expected that on orbelore Jan. 1, 1900, power generated at Trenton Falls will be ready for
distribution in the city of Utica.
The directors of the new company are Joseph Fox of New
York; William G. Phelps of Binghamton, and Henry D.
Pixley, Daniel N. Crouse, T. S. Griffiths, M. J. Brayton and
William E L<^wis of Utica. A single share of old stock will
receive shares of the
new company
Light Company,
Supply Company,
six;
as follows:
three;
Electric
Trenton
Company, one. The capital of the consolidated company
represents an increase of $780,000 over the aggregate capitalization of the constituent corporations.
Washington (D. C.) & Gettysburg Ry.— Bonds Authorized.
President George H. Harries has been authorized by the
District Commissioners to issue not exceeding $275,000 bonds
to cover the cost of building and equipping the road within
the limits of the District of Columbia.
Wisconsin Central. Sale. The Wisconsin Central properties were sold under the foreclosure decree on the 7th inst.
by Special Master Hoyt at Eau Claire, Wis. The property
was sold in fourteen parcels consecutively to Mr. George
Coppell representing the Reorganization Committee for an
aggrek?ate sum of §7,290,000. It was then sold in its entirety
for $7,300,000 to the committee. On the following day at
Milwaukee Judge Jenkins confirmed the sale.
Officrs of New Company. The officers and directors of the
new Wisconsin Central Railway Co. are:
George Coppell, John Crosby Brown, William L. Bull, Charles C
Beaman, Fred T. Gates, Gerald L Hoyt, and James C. Colgate, New
York; Francis R. Hart, Boston, and Henry F. Whitcomb and Howard
Morris of Milwaukee.
Olflc^rs: Chairman of the Board, Oeorge Coppell; President, Henry
F. Whitcomb, Milwaukee; General Counsel, Charles C. Beaman, New
York; Auditor, Robert Toombs, Milwaukee; Treasurer, Frederick
Abbott, Milwaukee; General Superintendent, Sumner J. Collins, Milwaukee.
The new company will take possession the first of next
—
—
—
Co. of San Francisco as trustee to secure $1,000,000 of thirtyyear bonds.
new company as now owned or hereafter acquired, subject to the foregoing prior lien mortgages
IT $3,500,000
Of which for reorganization purposes
l,ljj,ooo
Reserved to retire new prior Hen 4s and 5s
l,7fo,ooo
In treasury for extensions
617,000
old securities will be treated as follows
generate electricity at Trenton Falls, utilizing the water
power there available, and transmit it to Utica, Rome, etc.
The "Utica Press" says:
The Utica Electric Light Co., was incorporated in January, 1888. It
lias the contract to light the city streets, and does a large commercial
business. The Utica Electrical Manufacturing & supply Co. was incorporated in May, 1890, and its business Is the installing of electric
plants, wiring and dealing in all electrical apparatus. The Trenton
Falls Electric Light & Power Co. was recently organized. The power obtained at the falls will be 5,000 horse power and upwards, and a transmission line capable of delivering 3,<i00 horee power In the city of
week.— Y. 69, p 83.
Yuba (Cal.) Electric Power Co.— Mortgage for $1,000,000.
—The company has made a mortgage to the Mercantile Trust
(All
The
13^
—
The Reorganization Committee of the Columbus Sandusky & Hocking Railroad Co., John G. Carlisle, Chairman,
in view of the fact that the Reorganization Committee which
has acted heretofore through the Mercantile Trust Co. has
by public notice abandoned its plan of reorganization, now
urges holders of said general mortgage bonds to join without
delay in support of the present movement for their protection, and for that purpose to deposit their bonds with the
North American Trust Co. of New York under the agreement of Nov. 19, 1898, copies of which may be obtained at
the office of the trust company.
An elaborate circular has been prepared by Messrs. Fisk
& Robinson, 36 Nassau Street, upon the St. Louis Iron Mountain & Southern new 4 per cent bonds, soon to be delivered
under the Missouri Pacific's refunding plan. The circular
shows in detail the probable results of the refunding operations and makes out a substantial surplus over the interest
requirements, which will likely be further augmented from
the company's interest in Texas
Pacific.
The Home Insurance Company of New York publishes in
our advertising department on page vi. a summary of its
ninety-second semi-annual statement.
comparison with
the statement issued in January, 1899, shows that the net
surplus has increased during the six months $377,000. The
surplus as regards policy-holders is now over $7,800,000.
The usual semi-annual dividend of five per cent is payable
—
—
&
A
on demand.
— A co-partnership was formed Jaly
1 by P. F. Thompson,
Tenney and H. L. Crawford, formerly with N. W.
Harris & Co., under the firm name of Thompson, Tenney &
Crawford, for the purpose of dealing in railroad and corporation bonds and other high-grade investment securities. The
offices of the firm are at 35 Nassau Street.
— Messrs. Scott & Stringfellow, Richmond, have issued a
circular giving some interesting figures on Norfolk & Western.
They show a balance over fixed charges for the year
ending June 30 of $1,704,343 and a balance of $794,983 over
the dividend requirement of 4 per cent on the preferred
C. H.
United Power & Transportation Co.— Wilkesbarre Dallas* Harvej's Lake Rj.— Purchase.— The Wilkesbarre Dallas & Harvey's Lake Ry. (known as the Harvey's Lake Electric RR.), it is understood has been purchased by the syndi
cate that is organizing the system of the United Power &
Transportation Co.— V. 69, p 29; V. 67, p. 488.
United States Mortgage & Trust Co.— Listed.—The New stock.
York Stock Exchange has listed the company's $1,000,000
Tne annual report of the Imperial Baak of Canada has
five-twenty year real estate first mortgage collateral trust come to hand. Tbe company has paid the usual dividends
4 per cent gold coupon bonds. Series "J," 1904-1919.— V. at the rate of 9 per cent per annum and has added $1"0.000
68, p. «29.
The capital
to the surplu.s, which now stands at $1,300,000
Utica Electric Light & Power Co.— Consolidation,- This stock will be increased $500,000, making it $2,500,000.
company was incorporated at Albany on June 27 as a con—The semi annual edition of the " Hand Book of Railroad
Bohdation of the Trenton Falls Electric Light & Power Co.. Securities," conapiled at the Chronicle office, is now ready.
Utica Electric Light Co. and the Ucica Electric Manufac- It brings the statistics together with monthly range
turing & Supply Co. per agreement dated June 8. 1899. The o? prices down to July 1, 1899. Price one dollar, or to
consolidated company, whose capital stock is $1,000,000, will Chbonicle subscribers seventy five cents.
—
THE CHRONICLE.
134
LXIX.
[Vol.
COTTON.
Friday NiaHT, July
COMMERCIAL EPITOME.
Friday Night, July 14, 1899.
Considering the season of the year, there has been a fair
amount of activity to business. Midsummer dulness has
been experienced in some lines, while in others there was a
fair inquiry in anticipation of fa,ll wants and a moderate
number of contracts has been made. The outlook for the
shoe and leather trades is considered especially encouraging,
and the metal market has continued to show a decidedly
strong tone at the higher prices ruling. Refined sugar had
an unusually large sale at the close of last week, and indications are that refiners have quietly abandoned the sugar war
for the present. Crop accounts have continued generally
favorable, and the monthly report by the Government's Agricultural Bureau indicated large yields. The general prosperity of the manufacturing interests of the country is being
reflected in the higher wages being paid to labor.
Lard on the spot has been in fairly active demand at ad-
vancing prices. Oflferings have been limited. The close was
firm, but the higher prices ruling had a tendency to hold the
demand in check; prices quoted were 5-65(25"70c. for prime
Western and 5-lOc, for prime City. Refined lard has had a
fairly large sale at higher prices, closing firm at 5 90c. for
refined for the Continent.
Speculation in lard for future
delivery has been fairly active.
The continued lighter
movement of swine has stimulated buying for investment
account, and prices have advanced, closing firm.
OAILT OLOSnrO PRIOBS OF LABO FUTUBBS.
Sat,
Mon.
Tues.
Wed. Thun.
Fn.
, ,
July
5-42
5-47
550
555
5 55
560
Pork has been in more active demand and higher, closing
firm at $9 25@9 75 for mess, $10 50@11 00 for family and
$10 50 for short clear.
Cut meats have had a fair sale
and prices have advanced. The close, however, was quieter
at 5@5J^c. for pickled shoulders, 93^@10c. for pickled hams
and 53^@6c. for pickled bellies, 14@16 lbs. average. Beef has
been in fair demand and higher, closing at $9 00 for mess,
|9 50@10 00 for packet, $10 C('@ll 00 for family and $13 5P@
14 00 for extra India mess in tierces. Tallow has been quiet
but steady, closing at 4 5 16c. Lard stearine has advanced,
closing firm at 6i^c. Oleo stearine has been firmer and in
fair demand, closing at 63^@63^c.
Cotton- seed oil has been in moderately active export demand and the close was firm at 26@26i^c. for prime yellow.
Butter has been in only moderate demand and the tone has
been easy, closing at 15@l8i^c. for creamery. Cheese has
been in fair demand and steadier, closing at 7@8i^c. for
State factory, full cream. Fresh eggs have been in full supply and easy, closing at 15@lo>>^c. for choice Western.
Brazil grades of coffee have been easier. The movement
of the crop has been increasing, and there has been more
pressure from Brazil to sell; buyers have been indifferent,
ovdng to the large supplies in sight and prices have weakened, closing at 6c. for Rio No. 7. West India growths have
had a fairly large sale, principally to roasters, closing steady
at 73^@8c. for good Cucuta. East India growths have been
dull and easier for the lower grades. Speculation in the
market for contracts has been quiet, and under increased offerings, prompted by anticipated heavy crop movement,
prices have declined.
Following are the final asking prices
''^
4-550. Oct
4-700.1 Jan
5150.
^^
I
f5.5o.
4-650.
»«Pt
Raw sugars
1
Nov
Deo
4-750.
5'10o.
Mch
I
iMay
5-30c.
5 35o.
have had a limited sale at lower prices; refiners
have been indifferent buyers, closing at 43^c. for centrifugals, 96deg. test, and 3 13-16c. for muscovado, t9-deg.
test.
Refined has been steady at unchanged prices. There have
been fair withdrawals on contracts, closing at SJ^c. for granulated.
Teas sold at steady prices at auction. Other groceries quiet.
14, 1899.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below. For the week ending
evening the total receipts have reached 24,7C5 bales,
against 20,587 bales last week and 17,531 bales the previous
week, making the total receipts since the 1st of Sept., 1898,
8,358,938 bales, against 8,581,570 bales for the same period of
1897-8, showing a decrease since Sept.l, 1898, of 222,633 bales.
this
at—
Receipts
New Orleans.
J/ow.
Sat.
Oalveston
Tex. City, &o.
.
Wed.
Tttet.
Thur$.
99
45
38
178
103
542
296
3,955
18
1,296
696
717
335
7,295
2,964
2,964
2,605
8
Savannah
30
4
Pensaoola, &o.
1
1,626
136
42
200
600
100
432
800
456
202
201
557
321
63
121
5
1,363
279
279
767
3,622
3,686
......
Boston
Baltimore
Tot. this
63
121
77
N'p't
614
1,040
Ac.
25
week
1,850
Phlladel'a,
456
1,332
3
News, Ac.
New York
Total.
79
Mobile
Bransw'k.&o.
Charleston
Pt. Royal,&o.
Wilmington....
Wash'ton.&o.
Nortolk
Fri.
7,114
496
464
241
87
176
2,717
1949
3,686
116
1,440
404
24.765
9,696
The following shows the week's total reoeipts,the total sine e
and the stock to-night, compared with last year.
Sept, 1,1898,
1898-99.
Receipt! to
July 14.
Thi$
week.
Galveston...
Tex. 0.,&o.
New Orleans
Mobile
P'sacola, &o.
Savannah...
Br'wlok.&o.
Charleston..
P.Royal,&o.
542 2,297,759
76.370
1899.
682,258
33,985
119,615
310,799
61,980
51,579
24,765 8,358,938
9,424 8,581,570
7,295 2,194,983
249,010
239,930
30
2,964
2,605 1,079,316
456
274,286
370,692
23,398
291,627
1,332
63
124
3,622
3.686
Phlladel.&c.
404
Totals
Stock.
Since Sep.
1, 1897.
Thi$
week.
2,289 1,907,359
98,031
3,292 2,666,129
333 363,174
118,433
228 1,186,540
269,220
23 470,125
75,877
17 323,671
1,280
470 575,138
156
25,527
416 120,562
615 222,746
597
76,737
988
83,021
>.••••
Wilmington.
Wash'n, &o.
Norfolk
N'port N.,&o
New York..
Boston
Baltimore
.
1897-98.
Since Sep.
1, 1898.
1,351
1.363
279
1898.
10,060
21,124
176,948
5,782
88,621
4,130
8,530
7,666
10,867
2.169
4,977
9,540
6,704
34,498
15,227
815
150,404
8,700
9,020
7,181
2
103,964
6,100
12,670
9,200
429,114
285,755
•
>«.
In order that comparison may be made with other yearp,
wegive below the totals at leading ports for six seasons.
Receipti at—
1898.
1899.
Galves'n.&o.
542
2,289
New Orleans
7,295
3292
30
333
228
23
17
470
156
Mobile
Savannah
Ohas'ton, Ao
Wilm'ton, Ac
.
2,605
1,395
124
1,363
1895.
1896.
1897.
1894.
133
636
299
63
269
140
64
97
11
2
7
319
247
68
8
195
19
635
3,812
17
5
N. News, Ac.
All others...
279
11,132
2,616
2,170
329
390
52
118
1,488
wk.
24,765
9,424
4,415
3,898
2,676
Norfolk
Tot. this
523
494
2,226
54
428
861
1,283
24
725
360
Since Sept. 1 8358.938 8581,570 6670,832 5198.591 7853,492 5903,498
Ktniucky tobacco has been quiet but steady. Seed leaf
tobacco has been in only limited demand, but values have
held steady. Sales for the week were 1,680 cases, including
240 cases 1898 crop, New England Havana seed, 20rff45c.; 200
cases 1898 crop, New England seed leaf,
25@47J^c., &c
150 cases sundries, 6@16c.; also 1,400 bales Havsna at 7o@
92^0., m bond, and 140 bales Sumatra at 98c.(d$l 60, in bond.
The market for Straits tin has been firm and prices have
The exports for the week ending this evening reach a total
of 53,032 bales, of which 14,762 were to Great Britain, 5,509
to France and 33,751 to the rest of the Continent. Below
are the exports for the week and since Sept. 1, 1898.
•
further advanced in response to decidedly stronger foreign
advices. Locally, however, the higher prices have had a
tendency to hold business in check, closing firm at 28 -90®
29c.
Ingot copper has been in good demand and firm,
closing at 183^0. for Lake. Lead has advanced slightlv, but
the close was quiet at 4-60@4-65c. for domestic. Spelter has
had a moderate sale at firm prices, closing at 6 25@6-50c. for
domestic. Pig iron has been firm, with free;deliveries on old
purchases, closing at $17 00@20 00 for domestic.
Reficed petroleum has been advanced, closing at 7-80c. in
bblB.,5-10c. in bulk and 8'60c. incases. Naphtha steady at 10c.
Crude
certificates
have been firmer, closing at $1
24; credit
balances have been advanced to $1 23. Spirits turpentine
has been in fair demand; offerings have been limited and
grices have advanced, closing quiet at 43J^(g44c. Rosins
ave been quiet but steady at $1 21}4@1 30 for common and
good strained. Wool has had an active sale at full values.
Hops have been steady and New York State crop accounts
have been less favorable; demand, however, has been limited.
iVeek jBndinfl JvXy 14 ,1899.
from
Sept.
Bxvorttd to—
from—
Great
France
Brit'n.
QaWeston
Continent.
2otal
Great
Wuk.
Britain.
8,626
14,361
Mobile
26,127
.
1,617
Pensaoola...
Savannah
Brunswick
-
. •
1,347
2,964
5,328
5.3-28
681
681
5,824
8,903
1,380
3.482
6,2fc2
...
Charleston...
Port Royal...
WllmlnKton..
Norfolk
N'port N., &c
New
....
.
York....
1,195
Boston
1,3(0
Baltimore....
Philadelphia..
Ban Fran., &c..
1,800
Total
Total,1897-98.
France
18,686
7,U1
Orleani.
1898, to Juli1 14. lt:99
1,328 "2.977 1.047,001 399.416
1,619
Tex. City, &o..
New
1,
Exported to-
1.884
....
600
6C0
825.528 313,420
138,120
95,976 16,149
61,706 32.216
166,284
78,930
21,210
118,002
49,135
21,038
303,105
889,347
122,691
14,248
14,068
31,8C0
1.066
Continent.
7otal.
646.752 1.992,169
13.625
82,310
716.164 1,864,106
29,274
167,394
112,942
224,067
541,575
625,557
86,118 261.402
156,009
234,939
21.210
142.587
260,669
89,724
78.86»
9.966
30,993
609.763
274.858
6,493
395.840
117,897
841.643
14,248
.. ..
128.639
142,607
14,762
5,509
32,751
58,022 8.471,123 792,056 2.911,492 7,177.671
3.394
265
21,937
25,596 3,448,102 810,368 3.126.608 7.378,968
.
.
July
«
.
.
THE CHRONICLE
15, 1899.]
In addition to above exports, our telegrams to-night also
give us the following amounts of ootton on shipboard, not
add similar figures for
cleared, at the ports named.
New York, which are prepared for our special use by Messrs.
We
Lambert & Barrows. Produce Exchange Building.
OK SHrPBOABD, NOT OLBABBD FOB—
135
—
PxjTUaES. rhe highest, lowest and closing prices
Futures at New York are shown in the following table.
Other
Great
Britain. France. Foreign
NewOrleanB...
3.123
Galveston
None.
None.
None.
None.
Barannab
Charleston
Mobile
Norfolk
2.800
3.619
None.
None.
None.
None.
None.
500
None.
7.723
4,119
1,500
New York
300
Other ports
Total 1899...
9,658
45
None.
1.200
None.
500
2.100
2,450
15,953
Ooattwite.
4-^5
109
None.
200
None.
13.000
None.
None.
I
B»
WJ
B»lBa>|B»>;Ba>WB(icBB«a3<sgB»*B(»HB»
(934
KIR
(K
»3«
'
h:
13,764
14.686
2.518
None.
1.397
9,365
7,540
3 970
1,714
41,559
160,093
9,906
8,530
6,266
5,782
19,498
147,504
29,976
occc
28,021
13,169
I
0105
aa
oo
WW
I
UIO"
tote
oao
05*
OS 00
0S05
03
'
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9
I
9
s^o»
w
c^c^
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a>ui
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50
(0
COO
00 CD
00 00
00 00
W05
a<o«
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WW WW WW WW WW WW WW WW WW
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387,555
«(0
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obob
cow
«
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I
d-.di
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tots
9
I
d
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I
WW WW WW WW WW WW WW WW WW WW
257,734
135,197
(Ota
Spacnlation in cotton for future delivery has been quiet.
Early in the week there was a slight advance in prices on a
demand from shorts to cover contracts, stimulated by
stronger foreign advices, estimates of large requirement for
consumption during the coming season, and the monthly
report by the Government's Agricultural Bareau being less
favorable than had been expected generally. Tuesday, however, there developed a weaker tone, and prices declined
rather sharply.
The weekly report by the Government's
Weather Bureau reported the existing conditions in the
cotton belt more favorable than had been anticipated, and
also indicated that the reports of extensive loss to the crop in
Texas by the recent floods was exaggerated. This had a
tendency to discourage recent buyers, and they liquidated
co<o
w^-
toco
00 00
tOI-'
it^CO
00 (S
OC-q
ooo
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00 00
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W-J
WW WW WW WW WW WW WW
ab» crab -Job
66
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under which prices declined. Wednesday
there was a steady market, with shorts buying to cover conThursday the feature of the trading was the transtracts.
ferring by longs of their interests in August to the more
distant deliveries, particularly January, they apparently
not being disposed to accept deliveries on their speculative
holdings. To-day the market was easier, under continued
favorable crop accounts and liquidation by tired holders of
WW WW WW
ci W
WW Wiji
WW
wto oo
9
d
«
9
9
W WW WW WW WW WW WW
00
OOD
WW WW WW
their accounts,
the near-by deliveries. The close showed prices 2@4 points
lower for the day. Cotton on the spot has been steady, and
prices were advanced l-16c. on Saturday. The close was
steady at 6 3-16c. for middling uplands.
The rates on and off middling, as established Nov. 16, 1898,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Fair
0. IHon
o.liigofl
Good Ordinary
Middling Fair
Even
"'son Good Middling Tinged
i«on Strict Middling Stained.... 733 ofl
Strlot Good Middling
Sgon Middling Stained
QoodMiddllng
'is oA
s leoflf Strict Low Mid. Stained... 1
Strict Low Middling
off
Low Middling
7
off Low Middling Stained
l»8 0fl
^9
T:i Ti
I—
t3»9
"
d
w
6
o
05
O
I
'
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'
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'
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(0
00
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9
Id
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w
w
o
w
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6
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00
a,
a
The visible bUPPLY of cotton to-night, as made up by
cable and telegraph, is as follows. Continental stocks, as well
as those for Great Britain and the afloat, are this week's returns, and consequently all European figures are brought down
to Thursday evening.
But to make the total the complete
Itriot Good Ordinary,
^ off
figures for to-night (July U), we add the item of exports from
On this basis the oflSoial prices for a few of the grades for the United States, including in it the exports of Friday only.
the past week July 8 to July 14 would be as follows.
1896.
1897
1898
1S99.
Stock at Liverpool
832.000 739,000
bales. 1,179.000 1.011.000
6,000
6,000
Stock at London
6,000
UPLANDS.
6,000
Sat. non Tnes \ired Tb. Pn
Total Great Britain stock. 1,185,000 1.047.000 833,000 745,000
5i«
5i«
5i«
Good Ordinary.
515
5^
51s
30,000
Stock at Hamburg
19,000
23,000
32,000
Low Middling..,
5%
5%
5%
5%
5%
Stock at Bremen
166,000
250.000 251.000 142,000
Middling
63,6
63i6
63ia
Stock at Amsterdam
S.OO*"'
7,000
2,000
2.000
Good Middling..
69 16
69iH
200
69i8
Stock at Rotterdam
2C0
300
300
7I16
Middling Fair...
7I1B
7ii«
7iifl
Stock at Antwerp
12.000
ll,00o
4.000
6,000
Stock at Havre
206,000 199,000 155,000 207,000
GULF.
Sat. Mon Taea
Tb. Fri
Stock at Marseilles
6,000
6,000
6,000
4,000
Stock at Barcelona
79,000
82,000
94,000
78,000
Good Ordinary.
538
539
538
538
533
5%
61.000
Stock at Genoa
32.000
38,000
69,000
Low Middling...
6
6
6
6
6
6
39,000
Stock at Trieste
15.000
18,000
27,000
Middling
67,6
67, ,
67,
67,8
67,6
20<'
Total
607.200
Continental
606,300
606.300
478,
stocks
690,300
6U,6
Good Middling.
613,,
613,8
613i6
613i6
7B,«
Middling Fair...
75,8
75,6
75,^
Tetal European stocks
76l6
75i«
1,875 300 1,653.300 1.316.200 1 352,200
India cotton afloat for Europe
64,000
52.000
66,000
90,000
STAINED.
Sat. nion Tnes 'Wed Th. Fri
Amer. cotton afloat for E'rope. 144,000
36,Ono
49,000
76,000
10,000
Egypt, BrazU,<feo. aflt.f or E'pe
15,000
22.000
24.000
Low Middling
4IS1,
413,6 41 3, c 41^3,3
4i3ie Stock In Unlt«d Stat«s ports.. 429,114
285,755 148,386 213,553
Middling....;.
5%
5^
5%
5%
Stock In U. S. interior towns.
87,925
34.937
261,340 145,765
Btriot Middling
53132 53I32 53I32 5313,
53132 53132 United States exports to-day
862
2 187
6,376
11,935
Good Middling Tinged.
63, p
63 6
63,6
63|a
63ia
63ie
Total visible supply
2,8U,739 2,275,007 1.608,879 1,777,540
The quotations for middling upland at New York on Of the above, totals of American and other descriptions are as follows
July 14 for each of the past 32 years have been as follows,
American—
Liverpool stock
958.000 705,000 591,000
bales. 1,10 1,000
1899..
63,3
1891. ...o. 838
1883. ...0.101,8
1875.. ..0.1538
Continental stocks
614.000 553.000 3«8.000 471.000
63 „
1898.
1890
12
1714
1882
1874
127e
American afloat for Euroi)e.
36.000
49,000
141,000
76,000
1897.
1889
1881
1873
,20^
119,6
United States stock
286,755
143,366 213,553
10i«
42;), 114
1896.
1888
73,6
2414
1880
ll's
1872
United States interior stocks. 261.310
34,937
87,925
145.765
1895.
12ie
1887
1879
21
1871
107i«
862
United States exports to-day..
6,376
11.985
2,187
1894.
71*
2OI4
1886
1878
99,6
117,6
1870
1893.
1885
81,6
3414
lOH
1877
Total American
I214
1869
2,564,439 2.020.707 1,318.679 1,413,340
1892.
11
76,6
1884
Eatt Indian, Brazil, de.—
1876
32
1868
113t
Liverpool stock
75.0OC
83.000 127.000 148,000
MABKET AND SALES.
Londonstock
6,000
6.000
fi.OOO
6.000
The total sales of ootton on the spot each day during the Continental stocks
90 200 136,200
53,300
76,300
64,000
66,000
90.000
52.000
week are indicated in the following statement. For the India afloat for Europe
15.0O"
Egypt, Brazil, Ac, afloat
24.0OO
10,000
22.000
convenience of the reader we also add columns which show
Total East India, &o
b64,200
25i.30o
290.200
247.800
at a glance how the market for spots and futures closed on
Total American
2 564.439 2.020.707 1.318.679 1,413,340
same days.
Total visible supply
2,811,739 2,275,007 1, 608. 879 1,777_540
Middling Upland, Liverpool.
32732d.
315,2(1.
3&.«d.
49s2d.
Sales of Spot & Contract
Middling Upland, New York..
7»«o.
63,80.
8c.
6^i«c.
Futures
Spot Market
Good
5S8d.
«%dEgypt
Brown, Liverpool
5Sjfd.
4»«d.
Market
Closed.
ExOonConesajd.
Peruv.
Rough
Good, Liverpool
esied.
o'ed.
e'ed.
Closed.
Total.
port.
sump. tract.
321 32d.
3i«d.
Broach Fine, Liverpool
39,. d.
4732d.
3l4d.
3»8d.
Tlnnevelly Good, Liverpool.
SlSgod.
43i6d.
Saturday
Quiet at 1,8 adv. Steady
1,800
48
1,848
have
Monday.
The
week
imports
into
the
past
CJontinental ports
Steady
Steady
301
100
401
Tuesday
Steady
Steady
600
712
1,312 been 80,000 bales.
Wednesday Steady
Quiet Ast'dy
216
116
100
The above figures indicate an increase in the cotton in
Thursday.. Steady
Quiet Asfdy 1,276
100
1,376
to-night of 536,7.33 bales as compared with the same
Friday...
sight
Quiet
Steady
275
525
260
date of 1898, a gain of 1,202,860 bales over the corresponding
Total.
4.252 1.^26
100 5.678 date of 1897 and an excess of 1,034,199 bales over 1896.
—
—
Wed
.
,
j
I
Total.
I
Total 1898. .
Total 1897...
«:
'
1
Mtoek.
16,855
154
None.
1,400
None,
15,000
2,900
5,250
of
BfSB SBr»BnSB2SB£SBg5B»5B£SPB»Ba5B,B»
Leaviy%i
July 14 a<
'
;
im
. .
.
tW
. .
THE CHRONICLE.
13rt
—
At the Interior Towns the movement that is the receipts
or the week and since September 1, the shipmente for the
week and the stocks to-night, and the same items for the
corresponding period of 1897-98—18 set out in detail below.
Helm
Paris,
Kome,
Yazoo
Dallas,
Albany,
Macon,
Raleigh,
Vlcksburg,
Shreveport,
Greenville,
Galveston.
Montgomery,
Louis,
Total,
Loul8ville,ne<
Rock,
MobUe
H
O
31
"
S.
"
" "
" "
"
"
Savannah...
"
Wilmington.
Norfolk
00
"
Texas
GEORGIA
Boston
Baltimore
Alabama...
Missouri...
Kentucky.
Mississippi.
Tennessee..
Arkansas..
LomsiANA
N.Carolina
Carolina
.
.
Philadelphia
Augusta
Memphis...
.
.
.
lo
•
M
•
to'
CO
C5
05
05
00
.
•
•
^
.
w cc
CO
to
•
00.-'
'-'
-
I-'
V
«jeocD
"M
CO'
m^mo:
^ oim^-co
to
tOv..00«<Q0
»JCOO
to
oDcrsooix w^r-tctON-co-i/'asc)!
;
;
;
;
*.m; vitoaico; -^mcocb cd;
OS-Jli ^C0if»O- OaOOCOOOO.
;
JtO
o
.
A»3 03C;i
cji
o
—
MtOOOOOOUD*.OlOa'0'COaDMt501VO'CD03&;CCODMi-'
00; w
M to'tj -'(^
.
j
to
•
to
**:
;
'cot5Qo-ji«oi-'eo
<-ox: totoin^ccif-x:
ccO' o©»J' oi ^ *>. » 1- c;" 05
H-33:
— Ol>-CCCR*>-C
iC'
<i OD
o 00
;
CD;:
tototo^
i^
5I2
5^8
51^
588
5'78
5^8
6
6
63, fi
Pl8
6I4
6^1
638
67i«
en
^H
568
5%
559
b\
Louisville.
5''8
Athens
to^
o
00
!«».;
;
Fri.
5 '8
51^16
512
588
5'8
b-^s
511 6
558
511,8
51a
5ts
S'e
51118
51a
558
5^8
6
5 '8
6
5 '8
6
6
6S,,.
e:5,fi
638
6^18
614
558
638
6^16
614
558
63,8
638
5^
5^
5%
5i3ia
5'8
5'8
513,8
s's
513,8
5^8
S-'S
5''8
5ifl
513,8
5'3i9
5'8
5''8
S-'s
67,.
6I4
558
5^8
63i6
bse
67,8
6H
558
5^
5i3ie
b-'s
S'^S
en
.
:
at
other importatt
Columbus,Mis8
Eufaula
6
59,^
613
5ia
Little
Rock
Sis
Nashville
5ifl
Natchez
516
Raleigh
Shreveport
S^b
519
6
5^
5'i6
telegraphic
Reports
by
Telegraph.—
Our
adWeather
M
vices from the South this evening are on the whole of a
:
m;
Atlanta
Charlotte
Oolumbus. Qa.
So
*CO
Thurs.
Southern markets were as follows.
ST
orblo'i^ aocaooo'>-''i-'"'c;> i-''<)'if.aD'wW-j'c:':i' o>'<ice'v
cr £C0CO:— aii-to
|^*»-j:05C;i|^<lC0t0"-lb>-^l^00OC<;QC|f».00r-03
CO
S'^s
5%
The closing quotations to-day (Friday)
I
-^
't-'ikuito'to'bi
a
M
This
tOr-Mi« oi eo
oo c» 03 —
cj><i co
,tl^W;j3a-ijfcWpDM_C0C<IJ0J0M_>-O<_^--a0WWpjj;p__~jpfCMO yi-o
.
Wednes.
r1
03
O
week.
,
[U
CO
S'^s
5%
Louis...
Houston....
Cincinnati
St.
;0
Tues.
Charleston..
z
Ohio
towns
.
New Orleans
City,
"
Mon.
Salur.
Eufaula,
a,
Columbus,
Columbus,
Cincinnati,
Greenwood,
OLOKING QTIOTATIOMS ^OE MIDDLIKC COITON DN-
Helena,
Augusta.
Meridian,
Charlotte,
Nashville,Memphis,
—
Little
Athens,
Atlanta,
Natchez,
Brenham,
Houston,
LXIX.
Quotations for Middling Cotton at Other Markets.
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
Week ending
July 14
St.
[Vol.
>o
con —
com — ^
Montgomery...
M
X favorable nature. Cotton is doing well generally, but in a
CO
few districts in the Atlantic States and along the Gulf rain
*.
^ 2
W if'.'cOo' W»' OsloOJC^'cOCOtl'COCJi'-JM^COt^'bboOi'co'b'*-CO
ccit^cocRtSO'-O'OSOO— |(-.4>cc^l-'0^^o^o
Mpi
C. toran^osyl or
would be beneficial. Our Selma, A.la., correspondent states
O OCOtOO*- — O05i 00*-C0-a-qOCO^t0O3y<IMC0 OtOOOCOCCC f^
that tbere are some complaints of rust. The water is rapidly
recedine, from the iiooded sections of Texas, but the extent
M
^ '<-"
is
—
M
MOD <1 —05 M
ie.M
of the damage done is as yet unknown.
cotocOMtco!
oooitotOMc;>
eo: 03^^Mco~iOO
aO
ft
-J O O" to <1 m —
tO' Ml^OSOa C5C<;i*^QO<101,00 — WlCi O
O
O
Oalveston, Texas.— The crop as a whole is doing well. The
M
05
extent of the damage in the flooded district is yet unknown.
M
—
©"-jK-OStOOO
cctoto
We have had showeis on two days during the week, the prenri&.tSO'COQCMustOtOaD-.DCDCXl^-aOCJiUl
05
OS^Ol-^OQOCOCODOrrotO
S
t:
—
~j
*.
—
so
oo
c£
CO
^
CO
<1
co
oo
m
<i
aw
o
CO
V
wjo
o
<i
to
tn
o
c
a
JO
cipitation
being seventy-five hundredthsof an inch. Average
oi 00 CO
CO
odV-'m oc coV a*- "if^V
<i « 00 «i oo'o'io eobc tn
m to
o
>0
C«.OJ'ifOl<li*»QO.t^.--'tOO!^03*'I^OC03H-CC-0 — C0^•^-'O';.• -3
thermometer
82, highest 90, lowest 74.
co~ic;>ai©CDCON.OM»aoco*-v<MCOti'cot:cooi;<coato;;)ic;ice^-ji
CO
i'ahstine, Texas.
We have had rain on on^ day of the
past week, the precipitation reaching forty-six hundredths
'>
a
i-iH<M|;
p.i,tO;
11'"'
» "''
The thermometer has averaged 78, the highest
of an inch.
'-ji
*k
MOs to i-'^Mto'
<«
to
o;<iw
to
"Sis
*»
—
35
oiu
cc
?ro«s
to
oo;
oimm
M
<*
oiocto--- coi
«j
tci^;
and
being
92
the lowest 64.
CO
CO. coxocoMCocococo
lotocioi.
gC
w<iP.u03too. *.cto
Euntsviile, Texas.
We have had rain on one day of the
M
o
the
rainfall
being
v^eek,
seventy four hundredths of an inch.
**
to
—
CO
M
Q
oo
totOUlWCCM C5 MCCJO^-g KJ — ^lM —
<I
y
^?^. O
The
thermometer
has
averaged
78, ranging from 68 to 93.
Vj
Mki'Ie-c wb*-bco a3ac">-uco<^coM^''b'*>•*•
— ifco-.ao' "c:c; oocjicovii-too^.
Eallay, Texas, — We have had heavy rain on one day during;
ciaff. *.-vitv03>o-i^oico
''>I; Mcoooi; -.oco
Wi ocwcoioo- ^ts if»Mtacoco'x)ic>.c-. (jotoc^co*. Mco-Jts — -oc
the week, to the extent of eighty-six hundredths of an inch.
The above totals atiow that the interior stocks have de- The thermometer has range from 61 to 95, averaging 78.
creased during the week li.(,if*3 bales, and are to-night 115,575
San Antom>, Texas. — Ic has been dry all the week. Minibales more than at same period last year. The receipts at all mum temperature, 66.
towns have been 2,166 bales more than same week last year.
Lvlint., Texas.
Rain. has fallen lightly on one day of the
Overland Movement for the Week and Since Sept. 1.— week to the extent of thiee hundredths of an itach. The
has averaged 81, the highest being 94 and the
We give belo v a statement showing the overland movement thermometer
lowest
67.
for the week and since Sept. 1, as made up from telegraphic
Brenham, Texas. We have had only a trace of rain
reports Friday nigbt.
The results for the week ending
past week. The thermometer has averaged 81, ranging
the
July 14 and since Sept. 1 in the last two years aie as follows.
from 68 to 93
Corpus Christi, Texas. There has been a trace of rain on
1898-99
1897-98.
two days of the week. The thermometer has ranged from
July 14.
!»».
It*
if^.
to
1
!«>
i,
it^;
0-.
•
'
;
MM
.
.
.
•
•
>-'>-'
'""I
;
It^ It^-
•
;ii
Cb
-.o
co'ic-
"'»
tn":;!''?:
—
fie
;
•
!
I
!
I
c;>
;
.
;
;
•
•
—
*.
.
;
1
.
—
—
Week.
Since
Sept.
1.
Week.
Since
Sept.
1.
Shipped—
Via
Via
Via
Via
Via
Via
Via
cjt,.
Loal8.....„
Cairo
Parker ............
Rock Island
2,979
641
.....
........
932,32402,947
4
Loaisvllle...
Cincinnati
ither rnntee. &o...
5,051
571
3,063
Total c-roBB overland
Deduct nKipmenit—
Overland to N. Y., Boston, Ac
Between interior towns
Inland, &o., from South
1,743
l,7o7
2,96-
195,^57
179,1^4
230,378
12,305 1.983.170
"295
791
1.99b
858 807
390,181
33 200
4ti
922
132,139
153,573
188,247
6,612 1,803.069
72 to 94, averaging ^S.
have bad rain on one day during the
Cvero, Texas.
week, the rainfall being four hundredths of an inch. Average thermometer 84, highest 98, lowest 69.
Weather ford, Texas. It has rained on one day of the week,
the precipitation reaching thirty- five hundredths of an inch.
The thermometer has averaged 82, ranging from 65 to 99.
New Orleans. Louisiana, Ic has rainea on one day of the
week, to the extent of twenty hundredths of an inch. Aver-
— We
—
—
age thermometer
82.
— We
Shreveport, Louisiana.
have had rain on one day of
543,97?
7,712
2,616 502,066
the
precipitation
twelve hundredths of an
week,
reaching
the
268
43e
4 9,":'«38,723
The thermometer has averaged 80, the highest being
1,714
1,C69
100,627
53.010 inch.
95 and the lowest 62.
Total to he deducted
....
9,694 694,33e
4,121
593,799
Columbus, Mississippi. Crops are in need of moisture.
have had rain on one day during the week, the precipiLeaving total uei overland*
2,«11 1,288,834
2,491 1,209,270
The
reaching thirtj-two hundredths of an inch.
tation
* Including movement by rail to Canada.
thermomet'-r has averaged 83, ranging from 72 to 98.
The foregoing shovp^s that the week's net overland movement
Lelaid, Mississippi.— The week's rainfall has been one inch.
this year has been 2,611 bales, against 2 491 bales for the
thermometer has ranged from 60 to 90, averaging 76.
The
week in 1898, and that for the season to date the aggregate net
Vicki^burg, Mississippi.— Theie has been rain on two days
overland exhibits an excess over a year ago of 79,5U1 bales.
of the past week, the rainfall being thirteen hundredths of
an inch. Average thermometer 80, highest 93, lowe&t 70.
1897-98.
1898-99.
In Sight and Spinners'
We have had rain on two days
Little Hock, Arkansas.
Takings.
Since
Since
during the week, the precipitation reaching seventy hunWeek.
Week.
Sept. 1.
Sept. 1.
dredths of an inch. The tnermometer has averaged 77,
Receipts at porth u July 14
24,765 8.35«,938
9,424 8,581,570 ranging from 62 to 92.
2.491 1.209,270
2,611 1,2-8.834
Net overland to July 14...
Helena, Arkansas. Crops are doing well. There has been
BoQtbern "nrsnn i.tion to July 14 26,000 1,180.000 21,000 993,00« rain on one day during the week, the rainfall reaching fif53,376 H 82-772 32.915 10783840 teen hundredths of an inch. The thermometer has ranged
Total marketed
* 12,083
157,2'.il *4,629
Interior stocks ill excess
100,689 from 65 to 92, averaging 77.
Memphis, Terinessee.— The crop as a rule is doing well.
Came Into sight durlcg week. 41,29i
28.286
has b- en very light rain on one day of the week, the
There
10984993
Total in sight July 14
10884529
precipitation being one hundredth of an inch. Average
3,.'S24 2,207.163
North'n spinners tiik'xs to July 14
539 2,151.928 thermometer 78 1, highest 92*4 and lowest 64 6.
* Decrease duiintf week.
Nashville, Tennes.'ce.— Rain has fallen du ing the week to an
The thermometer has averaged 78,
inappreciable extent.
It Will be seen by the above that there has come into sight
durintr the week 41,293 bales, astainst 28,236 bales for the the highest being 97 and the lowest 60.
iWobi/e, .ilZ" bawia.- Crop reports are generally favorable,
same week of 1H98, and that the increase in amount in sight
There has been raia on three
to-night as compared with last year is 100,464 bales.
but yet somewhat mixed.
—
We
—
,
.
—
i
. ..
July
:
THE CHRONICLE.
1899.]
15,
days of the week, the rainfall reaching sixty -four hundredths
of an inch. The thermometer has averaged 80, ranging
from 69 to 92,
Montgomery. Alabama.— CroT^a are spotted. Drought still
prevails in a few localities, but most sections have had rain
have had rain on two days.
and cotton is doing well.
The rainfall reached one inch and three hundredths of an
inch. The thermometer has ranged from 66 to 95, averaging
We
80.
Selma, Alabama.— The plant is small and there are some
complaints of rust. The weather has been dry all the week.
Average thermometer 78, highesti96, lowest 64.
Madison, Florida.— We have had rain on one day during
the week, to the extent of eighty hundredths of an inch.
The thermometer has averaged 82, the highest being 93 and
the lowest 72.
Savannah, Georgia.— It has rained on four days of the
week, the rainfall reaching three inches and twenty- four
hundredths.
The thermometer has averaged 78, ranging
from 69
to 9'.
—
Augusta, Georgia. We have had rain on two days of the
week, the rainfall reaching one inch and seventy-nine hundredths. The thermometer has ranged from 65 to 96, averaging 79.
Charleston, South Carolina. Rainfall for the week fortyone hundredths of an inch, on four days. Average thermometer 79, highest 87 and lowest 71.
Stateburg. South Carolina.— We have had rain on one day
of the week, the precipitation being thirty-two hundredths
of an inch. There has been no moisture at some places; it
—
generally needed. The heat increases daily. The thermometer has averaged 79 5, the highest being 98 and the
lowest 63.
Greenwood, South Carolina. Rain has fallen on one day
of the week, the precipitation being twenty-seven hundredths of an inch. Tne thermometer has averaged 80,
is
—
ranging from 66 to
94.
The AGRicuLTrRA.L Department's July Report. — The
)37
a few eastern counties; cotton small but healthy, forming squares
rapidly and blooming nicely.
South Carolina. -Some sections [too dry, some too wet, general
condition favorable; cotton small, healthy, blooming freely; Sea
Island cotton never better.
Georgia.— Showeis over moat of State, reviving vegetation; cotton
blooming and fruiting well, bur being injured in localities by lice and
grasshoppers.
Florida.— Rains quite general, and favorable change indicated in
cotton, though few reports state it is shedding; some fields laid by.
Alabama.- Scattered showers, but insufficient, particularly so In
northern portions, where rain is much needed; cotton clean, healthy
and well fruited.
Mississippi.— Local rains improved outlook over greater part of
State, but some sections need rain; old cotton very good; young small,
but doing fairly well; a few reports of worms, blight and grass.
Louisiana.— Precipitation plentiful in southern portion; showers
lighter, more scattered and less frequent in central and northern
portions; cotton growing rapidly, earliest forming bolls; general condition improving.
Texas.— Floods confined mostly to southern half of Brazos drainage
basin; counties suffering most are McLennan, Bell, Falls, Milam, Robertson, Burleson, Brazos, Washington, Griuies, Austin, Waller, Fort
Bend and Brazoria; e-timated loss sustained ranges from one- third to
one-half the crops in these counties; fences, houses, stock and farm
Implements in Brazos bottoms almost total loss; some expect to replant cotton; will be some two weeks before actunl damage can be determined and extent to which cotton will be replanted; outside of the
flooded districts cotton is generally doing well and fruiting nicely, except in scattered localities, where plant is growing too much to stalk;
few complaints of damage from insects.
Arkansas. - Rain flrst of week beneflted and improved crops generally; rain still needed In some localities. Squares and bolls forming
on cotton.
Tennessee.— In eastern, western and portions of middle section
good rains preserved favorable conditions or revived growing crops;
elsewhere drought continues serious, and greatly reduced yields must
result: cotton generally fruiting well.
MihSODRi. -Drought in southern porti-^n partially relieved.
Oklahoma.— Cotton very fine and shows abundance of squares
and
blooms.
These reports on cotton are summarized by the Depart-
ment
as follows:
In the central and eastern portions of the cotton belt cotton has
made good progress, although injured to some extent by insects In
portions of Mississippi and Georgia I n the Carolln as it is reported
as small but healthy.
In South Carolina the Sea I.^land crop was
never better. Outside the flooded region in Texas cotton is doing well
and fruiting nicely, except in scattered localities, where too rank
giowth and some complaints of Insects are reported It will be two
weeks yet before the damage to cotton in the flooded district of Texas
can be determined or the extent to which cotton will ^e replanted.
In thirteen counties in the southern half of the Brazos drainage basin
the loss resulting from the flood is estimated at from one-third to one-
following statement, showing the condition of cotton, was
issued by the Department of Agriculture Jaly 10
The monthly cotton report of the statistician of the Department of
Agriculture will show an average condition of 878, as compared with
85-7 last month. 91-2 on July 1, 1898, b6 at the correaponding date
half the crop.
1897. and a ten-year average of 88.
In South Carolina, Florida and Alabama the condition corresponds
European Cotton Consumption to July 1.—We have
exactly with the t^n-year averages ia those States, in North Carolina
and Tennessee it is 1 point and in Texas 5 points above the ten-year received to-day (Friday) by cable Mr. Ellisou's figures brought
average and in Georgia it is 3, In Mississippi 5, in Louisiana 4, and in down to July 1.
We have also received the revised totals
Arkansas 7 points below the ten-year average. There was a general for last yeaj- and give trtem for comparisoa.
The spinners'
Oklahoma,
Georgia
and
each
Improvement during the month of June,
with a decline of 3 points, being the only exceptions. Special atten- takings in actual bales and pounds have been as follows:
tion is called to the fact that no account whatever is taken in this report of the loss resulting from the overflow of the Brazos River in
October 1 to July I.
Qreat Britain.
Oontinent.
ToMi.
Texas. The reports from the flooded region were sent in just before
the overflow, and no definite and reliable estimate of the extent of the
Vor 1898-99.
damage can yet be made.
Takings by spinners... bales
2,771,000
4,029 000
6,800,000
The June and Jaly averages, compared with the Jane and Average weight of bales lbs
515
497-2
485
Jaly figares of previoas years, are as follows:
Takings in pounds
1,427,065.000 1,954,065,000 3,381,130,000
:
1899.
1898.
1896.
1897.
For 189T-98.
1894.
1895.
Takings by spinners. .bales
2,742,000
4,053,000
6,795,000
Average weight of bales.lbs
509
497-6
490
Takings In pounds
1.395.«88 ""O l,98?;.547,00nl3,381 .235,000
.
States.
s
»
8
a
i'
s
s
79
Virginia
No. Carolina
8o. Carolina
Georgia
87
ft8
86
88
85
90
88
83
85
93
82
88
.•<8
Tennessee...
Missouri
90
Oklahoma..
81
•fft
Indian Ter..
84
91
fcO
Mississippi.
88
86
78
Louisiana.
81
Texas
Arkansas
.
Average
90
80
.
..
85
§
S
»^
s
93
87
90
90
83
91
94
90
92
93
92
87
92
89
86
86
85
89
76
89
91
89
89
96
90
96
82
Florida
Alabama
.?
S
S
87
84
87
84
91'
81
76
84
87
83
77
90
77.
85
a>
^
s
.§>
s
?
a
t.
C
9>
91
87
67
100
90
86
85
80
85
81
89
89
88
80
95
82
93
99
97
95
85
103
104
94
92
102
118
91
100
98
94
90
98
100
100
80
100
107
90
92
61
74
72
82
92
85
84
88
93
83
86
77
76
93
92
79
89
87
89
70
s
•^
87
88
S5
^S
g
a
^
•^
•-J
97
84
83
76
92
88
91
95
94
97
78
96
100
87
91
88
7S
93
87
88
94
99
97
73
81
96
year
1899.
1898.
8H
88i Oop. inga,
lb: Shirt- Oott'n
iH Ibi. SMrt Kit;
common Mid. 88* Oop. ing$, common HltA.
a.
J'ne9
d.
to/lnett.
8.
4
'•
It
4
" 23 i'8 ®6\ 4
" 30 iiai8-6ii,e 4
July 7 ^13,6-Slli6 4
" 14 5i3,e-6Ua 4
d.
8.
3ifl97
d.
2
3i«®7 2
3Hl®7 2
3ia®7 l»fl
Sis®? lifl
3ifla)7
lifl
Upldt
d.
Iwitt.
d.
d.
ijpic
loflnett.
i.
d.
B.
@6
513,6-613,, 4
31332 513,3*6!^ 4
2
2
3II3.,
ligas
4
3»1« >iiifc®69,e 4
3iisv iSa a'69,f 4
35, „ >8b
a>69,fi 4
1
1
1
-ae
®8
•ae
®6
d.
9
9
8>4
d.
39ie
3»,6
37,^
8
8
3iS,,i
8
3l6;!o
37,,
Government Weekly Cotton Report.— Mr. James Berry,
Chief of the Climate and Crop Division of the U. S. Weather
Bureau, made public on Tuesday the following telegraphic
reports on the crops in the Southern States for the week ending July 10
Virginia.— Richmond: Partial drought, relieved locally by fine
fiuowers; crops have advanced favorably.
North Cabouna.—Drought; broken by copious rains, except over
1898-99.
threat
Oonti-
Britain
nent.
56,
2,854,
3,908,
Supply
2,910,
Consumpt'n. 39 weeks 2,691
4,349,
3,614,
82-3 8S-3 89-6
comparison.
TwUi.
Oct. 1 to July 1.
Bales of 500 lbs. each,
000s omitted.
H5-7 87-8 89-0 91-2 83-5 86-0 97-2 92-5 81
toj
t
5
The average given above for all the States is the average as
given by the Department.
Manchester IvIakket. — Our report received by cable
to-night from Manchester states that the market is steady
for both yarns and shirtings. The market dots not respond
to the movement in Liverpool.
We give the prices for
to-day below and leave those for previous weeks of this aiid
last
According to the above the average weight of tiie deliveries
Great Britain is 515 pounds per bale this season, against
509 pounds during the same time last season. The Continen' al
deliveries average 185 pounds, against 490 pounds last year,
and for the whole of Europe the deliveries average 497-2
pounds per bale, against 497*6 pounds last season.
Oi r
dispatch also gives the full moveuient for thie year an
la;t
vear in bales of 500 pounds.
in
Spinners' stock Oct.l
Takings to July
1....
Spinners' stock July 1
Weekly Oonsumptvm,
00s omitted.
In October
In No vember
In
December
In January
In February
In March
In April
In
May
Tn .lun*'
1897-98.
Total.
Oreai
Oonlt
Britatt
nent.
31
183
2,791
3,977
214,
6,768,
7.259
7,305
2,822
2,613
4,160,
3,458,
6.932,
6,071,
702,
911,
441
210
735
954,
209
69,0
69,0
69,0
69,0
69.0
69,0
69,0
69,0
91,0
91,0
91,0
93,0
93,0
93,0
94,0
94,0
94,0
160,0
66,0
66,0
6S,0
fiP.o
Totat.
160.-
160,0
162,0
162,0
162,0
163,0
163,0
163.0
87,0
87.0
87,0
89,0
67,0
67,0
89
89
90,0
67, C
68,0
68.0
68.0
90,0
90.0
153,0
153,0
153,0
1560
156,0
156,0
153,0
158,0
158.0
—
tJuiPFiMQ Mkws. .AS snowu ou H previous page, the
exports of cotton from the United States the past week have
reached 53,022 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
New Yohk— To
Total bales.
Liverpool, per steamers Cymric,
Nomadic, 297
492
To Hull, per steamer Buffalo, 400
To Manchester, per steamers Gibers, 8 Sea Island
To Havre, per steamers La Champagne, 80u
Woolloomooloo, 1,084 (including 167 round counted as 84)
789
400
6
1,884
—
,
.
.
THE (CHRONICLE.
138
New YonK—( Concluded)—
Total baits.
178
To Bremen, per steamer Lahn, 178
To Hamburg, per steamers Leander, 111
Patricia, 1,036
2,202
....Phoenicia, 1,055
398
—
702
76
600
100
842
7,141
3,625
1,425
165
5,164
300
6,457
550
300
1,649
1,328
1,617
340
1,007
6,300
28
581
1,800
3,280
202
500
^
53.022
The particulars of the foregoing shipments, arranged
our usual form, are as follows.
Great French
Oer-
ports,
many
1,195
7,141
1,649
1,617
1,994
3.625
2.380
«6W Yerk.
N. Orleans.
Galveston.
Pensacola.
Savannah.,
— 0th. h 'rope-^ Mexico,
" South
~
North.
853 2,591
1,590 12.771
de.
Japan.
5,328
Boston
3,482
1,800
Tola
8,903
I
25,127
2,977
2,964
5,328
5HI
1,360
5,282
1.328
1,347
r^orfolk....
Faltlmore.
In
500
500
Taooma
500 53.022
5,509 9,118 2,443 20,690
135,639
been
shipments
have
September
1
since
To Japan
bales from Pacific Coast, 15,073 bales from New Orleans,
13,960 bales from Galveston and 3,773 bales from New York.
Cotton freights at New York the past week have been
ii follows.
Total....
14,762
Satur.
Hon.
rue*.
Wednes. Thurs.
Fri.
Liverpool, July..c.
12
12
Havre
Bremen
20'
25'
12
25*
12
25'
12
25*
12
25*
e.
H&mboTg
e.
20
20
25
20
20
25
25
30
30
30
30
28
20
20
25
25
30
30
30
30
28
20
20
25
25
30
30
30
30
28
20
20
25
25
30
30
30
30
28
20
20
25
^64
"^ei
^64
"t4
9f4
964
5*64
864
e.
e.
Anasterdam
c.
Botterdam
Beval, v. Hamb..e.
Do
v. Hnll...e.
Do
V. Lond'n.c.
Qenoa.
25
27
29
27
25
c.
Trieste, direct... c.
24®26
Antwerp........ d.
6hent,v. Antw'p d
20
26
.
Quotations are cents per 100
* And 5 per cent
lbs.
25
30
30
30
30
28
V4
unless otherwise stated.
—
23.
June 30
Jnly
7.
July
14.
56,000
46,000
67,000
69,000
6,300
5,800
7,800
12,600
400
1,100
1,100
2,000
52,000
44,000
65,000
65,000
..
Ba es American
7,000
13,000
10,000
10,000
Aetna export
55,000
59,000
62,000
67,000
forwarded
1,288,000 1,264,000 1,213.000 1,179,000
Total stock— Estimated
Of which American— Estm'd 1,219,000 1,192,000 1,144,000 1,104,000
28,000
21,000
47,000
6,000
Total Import of the week
17,000
19,000
38,000
4,000
Of which American
40,000
34,000
43,000
57,000
Amount afloat
30,000
36,000
37,000
53,000
Of which American
bales.
Balesof the week
OI which exporters took . .
Of which speculators took.
The tone of the Liverpool market for spots and futures
e^ch day of the week ending Jaly 14 and the daily closing
prices of spot cotton, have been as follows.
Sat'day.
Spot.
Monday. Tuesday. Wed'day. Thursday Friday
FatT
)
Harden'g business
M.J tendency.
doing.
Market,
1:45
P.
Mid. Upl'ds.
Bales
Bpeo.
31)38
3".12
1:45
P.
M.l
Market,
4 p. M.
{
f
3Bi«
S5i8
10,000
8,000
500
500
1,000
partially
i-ei adv.
Qalet.
Quiet.
2-64 de.
cllne.
partially
1-64 adv.
Steady.
Barely
steady.
Quiet.
Quiet.
Steady.
Steady
Steady at
I
Firmer.
10,000
1,000
500
Futures.
Market,
Easier.
10000
6 000
&exp.
31132
Steady.
at
steady at
d.
Fair
demand.
Toes.
Thurs.
\ired.
FrI.
d
d.
d.
d.
d.
d.
d.
d.
d.
d.
17
17
16
15
14
13
13
13
14
15
3 17 3 17 3 17 3 17 3 IB 315 3 15 3 15
3 18 3 18 3 18 3 18 3 15 3 15 3 16 3 16
3 17 3 IT
3 17 3 16
316 3 15
3 15 3 15
3 14 3 14
3 13 3 13
3 13 3 13
3 13 3 13
Jute Butts, Bagging, &c.— Jute bagging has been
in light
.
3 19 3 19 3 19 3 18 3 16 3 16 3 17 3
3 18 3 18 3 18 3 18 3 16 3 16 3 16 3
3 18 3 18 3 18 3 17 3 15 315 3 1'» 3
3 17 3 17 3 17 3 16 3 14 3 14 3 15 3
3 16 3 16 3 16 3 15 3 13 318 3 14 3
3 15 3 15 3 15 3 15 3 12 3 12 3 13 3
3 15 3 15 3 15 3 14 3 12 3 IE 3 13 3
3 15 3 15 315 3 15 3 12 3 12 3 13 3
3 16 3 16 3 16 3 15 3 13 3 13 3 14 3
3 17 3 17 3 16 3 16 3 14 3 14 3 14 3
314
3 14
3 14 3 14
315 3 15
3 16 3 16
demand during the week under review at unchanged prices.
The quotations this evening are SSgQS^^c. for 1% lbs. and
6J^(a63^c. for 3 lbs., standard grades. Jute butts dull at
l*U5c. for paper quality and IfgC- for mixing to arrive.
BREADSTUFF S.
Friday, July 14, 1899.
wheat flour has held steady. Locally only
a very moderate volume of business has been transacted.
The wants of the home trade have been light, jobbers confining purchases to immediate requirements, and exporters
have been light buyers. Otferings of new flour from the
West have bten small. Advices from the Northwest have
reported a moderate business transacted at steady values.
Rve flour has had a moderate sale in small lots; prices have
hfild steady.
Corn meal has been in active export demand
and firm.
Speculation in wheat for future delivery has been quiet
and" the fluctuations in prices have been within a narrow
range. The tendency, however, has been towards a slightly
lower basis. The movement of the crop has continued large,
and crop accounts have beea favorable. The monthly report
by the Government's Agricultural Bureau indicated a large
Bear operators, however,
yield from the present crop.
were not disposed to be aggre3sive in their operations, as the
advices received from abroad indicated a shortage in the
Rassian crop resulting from the unfavorable weather ex-
The market
for
perienced earlier in the season. Less favorable crop accounts
also were received from France and Germany, and foreign
held fairly steady.
markets have
Business in the
spot market has been only moderately active, as exporters
have not been extensive buyer:?, and prices have weakened
To-day the market was quiet and there was a
slightly.
Foreign advices were quiet
slight further decline in prices.
and advices from the Southwest foreshadowed a free movement of the winter- wheat crop. Business in the spot market
was only moderately active. The sales for export to-day
here and at outports were 160,000 bushels.
1>A]LT 0LO8INO PBIOEB OF NO. 2 BBD WIBTBB IN NB'W YORK.
Sat.
Man. Tues.
Wed.
Thurs.
7913
79»«
8038
SO^e
7958
79
Cash wheat f. o. b
7914
7838
78*8
78ifl
79
78
July deUvery In elev....
78ie
78ie
deUveryln
elev
79
7S''g
7313
78%
Sept.
7978
80^8
8038
80
fO%
80
Dec. delivers in elev
DAILY 0LO8INO PBIOBS OF NO. 2 SPKING IN CHICAGO.
July deUvery In elev
Sept. delivery In elev
Dec. delivery In elev
LiVEHPOOL. By cable from Liverpool we have the followIngstatement of the week's sales, stocks, &o., at that port.
June
d.
3 20 3 20
July- Aug... 3 19 3 19
Aug. -Sept... 3 19 3 19
Bept.-Oct... 3 18 3 18
Ool;.-Nov.... 3 17 3 17
Nov. -Dec... 3 16 3 16
Deo.- J an
3 16 3 16
Jan.-Feb.... 3 16 3 16
Feb.-Moh... 3 17 3 17
Moh.-Aprll. 3 17 3 17
AprU-May.. 3 18 3 18
May-June 3 19 3 19
July
9,
64
Mon.
121s 1 1:45 4 1:45 4 1:45 4 1:45 4 1:45 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
1,049
1,343
17
Baltimore—To Livemool— July 5— Steamer Quernmore, 1,500
To Bremen— July 12-Steamer Dresden, 3. 2fcO
To Hamburg— July 8— Steamer Assyria, 202
Tacoma— To Japan—July 6— Steamer Glenogle, 500
Brit'n.
Sat.
July 8 to
July 14
11- Steamers Armenian,
352; Canada. 968
To Hull- July 8 -Steamer Ontario, 17
Tot»l
fhe prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Low Middling
clause, unless otherwise stated.
Noordland,
To Riga, per steamer Wineland, 76
Peconic, 550.
To Sarcelona, p' r steamers Britannia, 50
To Genoa, per steamer Sempione, 1,049
To Naples, per steamer Sempione, 100
To Trieste, per steamer Gottfried Schenker, 842
New Orleans—To Liverpool— July 7— Steamer Bemarn Hall,
2,741.... July 8-Steamer Orion. 4,400
To Havre—July 10-8tean»er Cayo Largo, 3.625
To Antwerp-July 10— Steamer Cayo Largo, 1,425
To Copenhagen— July 12— Steamer Alabama, 165
To Barcelona -July 8— Steamer J. Jover Serra, 5,164
To Fiume- July 14— Steamer La Croma, 300
To Genoa— July lO-Steamer Persian Prince, 4,457
July l4-8teamer La Croma. 2,000
To Trieste— July 14— Steamer La Croma, 550
To Venice— July 14— Steamer La Croma, 300
GAI.VEBTON—To Livorpool - July 11— Steamer Capella, 1,649..
To Bremen- July 12-Steamer Maria Rickmers, 1,328
PEN8ACOLA—To Liverpool— July 13— Steamer Comino, 1,617..
To Bremen— July 10— Steamer Birdoawald (additional), 340
To Hamburg-July 13-Steamer Storfund, 1,007
Savannah-To Barcelona— July 13 -Steamer Miramir, 5,300..
To Genoa— July 13-Steamer Miramir, 2-<
Norfolk— To Hamburg— July 14— steamer Inohisla, 581
July
bOSTON-To Liverpool— July 7— Steamer Pavonia, 14
19... July
LXIX.
75
To Rotterdam, per steamer Spaarndam, 75
To Antwerp, per steamers British King, 304
10— Steamer Sachem,
[Vol.
Sat.
.Won.
72i«
7314
7514
71%
Tues
Ihurs.
7218
7338
751*
7179
7318
quiet, but there has
been
73
74%
Indian corn futures have been
Wed.
71%
72%
73
73 '8
74%
75fS8
Fri.
74%
a slight hardening of values. The Bureau report indicated
a crop of about 2,100,000,000 bushels and crop accounts,
Foreign markets,
have continued generally favorable.
however, have held steady and there has continued a
good demand from shippers, which has sufficed to hold
Offerings from the country
aggressive selling in check.
also have been leas free and on a limited demand from
shorts to cover contracts prices have advanced slightly.
Business in the soot market has continued fairly brisk,
exporters being free buyers, and prices have been steadier.
To-day the market was quiet but steady. The spot market
was active. Sales for export to-day here and at outports
were about 1,000,000 bushels.
DAILY OLO8INQ PRIOE8 OF NO. 2 MIXED CORN IN
Sat.
40
Vfon.
39%
Tues.
40
N K^V
Wed
YORK.
Thurs.
40>«
40
39ie
3938
3958
3i)^
July delivery in elev.... 39%
3914
3934
39ifl
3914
sept. deUvery In elev.... 3938
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN CHICAGO.
Sat.
Mon.
Wed.
Thurs.
Tues.
3319
3438
3338
34
July deUvery In elev... 33^
33'8
3438
33%
34
33%
Sept. delivery in elev
3i^
32^8
32'8
3338
33
Deo. delivery In elev
^ashoomf.
o.
b
Fri,
4038
3938
39ia
Fri.
34I6
34i8
33
Oats for future delivery at the Western market have been
35iB
quiet and there hai been a slight weakening of prices. The
Government report indicates a large yield, tbe crop move12,000
1,000
ment has been fairly full, and there has been selling by elevators and hIso by longs to liquidate their accounts. Business
in the spot market has been fairly active, both the home
Qalet.
trade and exporter.s being buyers at lower prices. To-day
The spot market was actthe market was quiet but steady.
Sales for export to-day were 250,Quiet but ive at unchanged prices.
steady
000 bushels.
—
:
July
THE CHRONICLE.
15, 1899.]
DAILY CLOSraa PBIOBS OF OAT8 IN NCCIV YORK..
Mon. Tuea.
Wed.
Thurt.
8at.
29%
30
30
29%
No. 2 mixed In elev
29^
Sept. delivery in elev....
May delivery in elev
20%
22%
2OI4
2214
2038
2212
2058
2258
The condition of the various crops on July
20ifl
20»«
2238
22ifl
Rye
Rye has had only a small
sale but prices have held fairly
Barley has been in fair demand for feeding stock,
and firm. At the close sales for export were reported of
185.000 bushels.
Following are the closing quotations:
FLOUB.
Patent, winter
fine
$3 70 94 00
$2 05 ©2 15
City mills, extras.. 4 05 94 15
Bnperflne
2 20 02 30
Rye flour, superfine 3 10 '93 50
Krtara, No. 2
2 15 ®2 55
Buckwheat flour
9 ...
Bxtra,No. 1
2 65 92 85
Clom meal
Bakers' extra
2 90 93 30
Western, etc
2 00 92 10
Straights
3 30 93 60
Brandywlne
2 15 -92 20
Patent. Spring
3 85 94 55
r Wheat flour in saoks sells at vrloes below those for barrexs.'
OBAIN.
0.
Wheat0.
Com, per bushe.
0.
....38i« 94138
Hard Dulnth, No. 1 81ifl983'^8
Western mixed
388894138
N'th'nDulnth, No. 1 78'^8»8058
No. 2 mixed
Bed Winter. No. 2.. 771897938
Western Yellow
9
3938942
N'th'nN.Y., No. 1. 77%979ia
Western White
Oats—Mlx'd, per bsh. 30 931
ByeWhite ..
western, per bush. .60 965
31 936
59 964
No. 2 mixed
State and Jersey
30 931
43 952
No. 2white
311493214
Barley—Western
42is944ifl
Feeding
—
Agricultural Department's Report on Cereal Crops,
—
&c., July 1. The Agricultural Department issued on the
10th inst. its report on the cereal crops for the month of
June, as follows
Preliminary ret urn 8 to the statistician of the Department of Agriculture on the acreage of com planted indicate an increase of about 5
per cent over the acreage harvested last year. Of the twenty-one
States having one million acres or upward in corn last year, all Imt
Virginia, Kentucky and Ohio show an increase, and the decrease in the
three States named is very small. A much larger increase than has
actually taken place is reported as having been contemplated, but a
late or otherwise unfavorable planting season has restricted operations in Illinois, Indiana, and several other important States. The
average condition is 86*5, as compared with 905 on July 1, 189f, 829
at the corresponuing date in 1897, and 91'1, the mean of the July
averages for the last ten years. The condition in the principal States
Is as follows: Ohio and Missouri, 85; Indiana, 90; Illinois, 86; Iowa,
81; Kansas, 92, and Nebraska, 93.
The condition of winter wheat has further declined during the month
•f June, being 65'6 on July 1, as compared with 85*7 on July 1, 1898,
81"2 at the corresponding date in 1897, and 82-4, the mean of the July
averages for the last ten years.
The average condition of spring wheat is 91*7, as compared with
91'4 one month ago, 95 on July 1, 1898, 91-2 atthe corresponding date
In 1897, and 88-7, the mean of the July averages for the last ten years.
The principal State averages ai e as follows Minnesota, 95; Iowa, 93;
Nebraska, 73; South Dakota, 102. and North Dakota, 94.
The average condition of winter rye is 83"3, as compared with 93 8
on July 1, 1898, 95 at the corresponding date in 1897, and 905, the
mean of the July averages of the last ten years. The condition in
New York and Pennsylvania, the two principal winter-rye-produolng
:
States, is
is
897, as against 96-9 on July
in 1897, and 90'6, the mean of
the July averageB for the last ten years. The condition in Wissonsin,
the principal spring-rye-produclng State, is 94.
The average condition of the oat crop is 90, as against 89'7 one
month ago, 92-8 on July 1, 1898, 87'5 at the corresponding date in
1897, ana 87"7, )he mean of the July averages for the last ten years.
The average condition of barley is 92, as against 91 4 last month,
85*7 on July 1, 1898, 885 at the corresponding date in 1S97, and 88 3,
the mean of the July averages for the last ten years. The condition In
New York and California is 88; in Wisconsin, 98; Minnesota, 96;
Iowa, 100; South Dakota, 95, and North Dakota, 93.
There is an increase of 1 per cent in the acreage in potatoes, and
the crop promises well.
The wool report indicates the average weight per fleece as being
5'95 pounds, an increase of '15 pounds over last year.
The proportion of the wheat crop of 1898 still on farms is reported
at 9-5 per cent, or about 64,000.000 bushels
The condition of the forage crops and principal fruits wUl appear in
the printed report, the unprecedentedly large number of correspondents reporting this month having rendered it impossible to tabulate
all the products reported upon in time for the telegraphic synopsis,
even by working overtime.
The acreage and condition of corn for a series of years, as
made up from Government figures, are as follows:
ACREAGE AND CONDITION OF CORN ON JULY 1.
ISOd.
1898.
g
o
States.
1
81
Illinois.
86
MUsouri
86
90
86
92
93
86
89
84
84
83
80
86
Indiana
Ohio
I
I
I
I
\
Kansas
Nebraska
Wisconsin
Michigan
Minnesota
Texas
Tennessee
Kentucky
Pennsylvania
Oth.8tatei*Ter's,
,
,
,
ToUl
P«r cent of
.
,
Three ciphers
s
^
4-4-9
87-8
o
^
r,28« 75
6,e65 82
5,9S1
98
3,688 83
3,779 76
8.303 90
r,580 88
1.009 80
981 80
954
70
4.813 101
3,941 90
3.748 87
74
1,821
31,623
7.589
7,167
«,612
3,661
3,836
9,026
8,042
1.020
991
994
3,901
3,032
3.804
1.816
31,175
94
98
81
111
106
108
103
102
100
95
39
90
97
98
8,849
7,026
6.547
3,813
3,017
8,848
7,963
1.051
1.054
1,189
3,392
3,186
3,890
105
98
109
95
91
104
95
96
90
97
118
98
96
1,318 87
31.610
99-3
-3-0
—1-2
-1-3
omitted from acreage flgures.
1 is
8.504
B,822
6,613
3,702
3,846
8,426
7,807
1,041
994
1.152
4.087
3.326
3,011
1.299
93 3
96-3
83-8
88*1
990
92-5
91-5
given below.
1894.
95-0
83-9
68-4
77-7
87-0
76-8
92-3
89-6
81-0
1893.
93*2
77-7
74-1
88'8
85-3
88-8
94-8
82-7
93-0
:
Weather.—The weather
conditions of the week ending 8 a.m. July
were for the most part favorable for farming operations and
crop growth in the districts east of the Rocky Mountains, being especially so in the States of the upper Mississippi and Missouri valleys
and In the Atlantic coast districts. The week has been marked by the
absence of high temperatures east of the Rocky Mountains. Excessive rains of the past week have caused some damage to grain in shock
in Kansas and similar damage is reported from Texas as a result of
the unprecedented rainfall of the previous week. Drought continues
in the Central Gulf States, Tennessee, portions of the Ohio Valley and
10, 1899,
Southern Michigan, being very severe in Central Tennessee; rains are
also needed generally throughout the Rocky Mountain region, but on
the Paciflc Coast the conditions have been seasonalile. especially in Oregon, where ideal weather has prevailed. While rainfalls amounting
to one-half to three fourths of an inch are reported over a considerable
portion of the drainage basin of the Brazos River in Texas, the conditions on the whole h>4ve been favorable to the subsidence of waters
in the inundated districts.
Corn.— This has been another favorable week for com in the principal corn States, and the crop has generally made rapid growth.
Heavy rains and high winds have blown down corn over a considerable area In Iowa, slight damage from chinch bugs is reported from
Missouri, and drouth has checked growth in portions of Ohio and
Kentucky and caused serious damage in Central Tennessee. Cultivation has been df'layed by rains in portions of Michigan and Wisconsin,
but on the whole the crop is clean and is largely laid by in the States
of the central valleys.
Winter Wheat.—Winter- wheat harvest is finished, except In the
extreme northerly sections, where it is well advanced, although delayed by rains in portions of Wisconsin and Michigan. In Kansas
and Texas some damage has resulted from sprouting in shocks. In
California harvesting is nearly completed, and wheat is ripening in
Oregon.
Spring Wheat.—No unfavorable reports respecting spring wheat
have been received from the spring- wheat region, except from the
central and eastern portions of South Dakota, where it has been materially injured by drouth. The crop is now heading in North Dakota
and Northern Minnesot;i.
Oats. — A good crop of oats is being harvested in Indiana and Illinois, and the outlook in Michigan. Ohio and Pennsylvania is promising. Lodging is reported from Wisconsin aud Iowa, and damage from
rust in Missouri and drouth in South Dakota.
The movement of breadstuffs to market as indicated in the
statements below is prepared by us from the figures collected by cne New Yort Produce Exchange. The receipts at
Western lake and river ports for the week ending July 8, and
slncp Aug, \. for each of the last three years, have been:
at—
Htctivts
Corn.
W}\tat.
JTotir.
Oa1».
Barltv-
Ve-
BhU.\96lbi Bu»h.60lb» Bxuh.bQlbt Bu»?».32ibj BuBh.iSlbi Bu.66!^•
:hloaff0...
3,949,394
1.929.288
67.410
322.800
1,869.148
931,480
276,300
244,853
107,610
60,160
6,552
10,900
4.6C0
462,977
37.028
251,577
33,707
37,7>.0
43,691
80,260
4,S00
249,130
169,603
312.520
446.760
108.259
168.420
172,800
15,00f
45,160
94,226
2.661
Detroit ...
Cleveland
St. Louis
Peoria
Uinneapolli.
Toledo
Kansas
635,750
1«4,800
108.305
.
Milwaukee
Oulnth
..
6.500
147,000
City.
Tot.wk.'99.
wk.'98
wk.'07
9\,\ctAx». 1.
1898-99
1897-98
1S96-97
Same
Same
31.049
174.890
70
8,600
8,814
8,000
1.800
75.707
34,909
103,746
lO.'^OO
10,2-6
78.000
290 891
3.987,484
6,868,714
774,953
2,767,790
2,970,418
1,931,165
138,812
169,198
190.6&2
1,637.734
2,613.166
2,930.266
282.501
14.541,918 270.678. 478 210,619 705 167,009,031
11,106,214 818.220.697 234 468445 176,976.507
11.108.472 158.079. « 28 157,035,811 170,366.986
31.160
16.100
16,343
90,784
26.181,298 10,481.838
86.689.648 10.677,224
38,744,996 7.124.888
The receipts of flour and grain at the seaboard ports for the
week ended July 8, 1899, follow
biU.
168,053
69.144
54.083
64,194
67,369
3.886
3.950
22.438
1.600
Philadelphia
Baltimore
Richmond
Hew Orleans*
Sewport News
Norfolk
—
lialveaton
Portland, Me
PeuBacola
\VMat,
Oom.
buth.
2>u«h.
881,086
337.548
324,868
82,647
481.319
7.882
856.900
46,000
80,000
8.050
1.647,925
477,500
407,546
881,804
708.821
81,340
88.900
858.482
204.786
287,000
"3.346
Oat*,
huth.
887.900
153.S!99
110.885
178,767
76.648
10,980
21.460
400.000
Barlev,
6u«h.
275,000
17,850
8,738
Rvt,
buih.
976
19,800
2,710
"2.000
100.000
l.liO
23,485
301.588
Total week
421,603 9,447,669 4,370,798 1.938.019
81.067
8.890
tVeek 1898
788,200 2,372.960 1.310.478
216.064
•Rioelpts do not laolude trrata paaamg tbroaan New orieani for foreign
ports on tbrouirh blllf of ladlmi
Total receipts at porta from J an. 1 to July 8 compare as
follows for four years:
1806.
1807.
1808.
1809.
Btctivt* Of—
0,760,838
8.442.478
9.644.810
bbU 10,637.878
Hour
33.437
Wheat
83.076
Corn
-t-31-1
1895.
99'3
65-8
102-2
83 2
80-7
91-9
91-5
82-3
85-9
1896.
92-4
75-6
Berry,
Chief of the Climate and Crop Division of the United States
"Weather Bureau, made public on Tuesday the telegraphic
reports on the grain crops in the various States for the week
ending July 10 as follows
New York
'^
1897.
82-9
81*2
91-2
87-5
95-0
88-5
87-8
86-0
78-5
Government Weekly Grain Report. —Mr. James
Boston
Montreal
81,530 90-6 rr,782!82-9 80,086 92-4 81.027
(.000)
Potatoes
Cotton
Tobacco.
Rtctiptt at—
I
inc. or
dec, in acreage..
Barley
Bliyur,
o
7,438 100
«,866 83
6,129 78
3,696 94
2.761 90
9,133 83
8,240 90
1.191 99
1,059 9i
944 95
4,608 103
3,000 96
«.638 95
1,868 89
2'.<.e86
86-6
18d5.
1896.
•
>^
3
Iowa.
1897.
1898.
90-5
85-7
95-0
92-8
93-8
85-7
95-5
91-2
1899.
86-5
65-6
91-7
90-0
83-3
92-0
Com
Winter wheat
Spring wheat
Oats
steady.
93 and 87, respectively.
The average condition of spring rye
1898, 90 at the corresponding date
139
Fri-
30
3II4
3IJ4
3114
31
31%
31%
No. 2 white In eley
DAILY CL08IN0 FBIOES OF NO. 2 MIXBD OATS IN CBICACO.
Fri.
JUon.
Tue».
Wed. Thura.
8at.
24ie
24^4
2338
2338
24
23ifl
July delivery in elev
1.
:
.
Oats....
Barley-.
•
.bnih. 63.198.688
56jMS.ee7
92.600.787
41.958.746
2.321.677
3.601.003
ISO.866.971
54.410.787
2.898.096
8.284,810
22JB61.707
90,448.473
88.027.809
0,649,802
4,307,788
84,804.164
80,830.007
82.080.018
4.810,937
1.334,608
108,006,786
841.880.063
in.34e.7Sa
lOt.288.678
«••••••
Br*
Total crala.
THE CHRONICLE.
140
several seaboard ports for tae week
shown in the annexed star erne n
Bark y.
Peas,
Rye,
Corn
Flour,
Oats,
The exports from the
ending July
8, 1899,
Wheat,
Exports from— hush.
are
:
bbU.
58,261
26.786
bush.
218.514 1.118273
Boston
141,444
400,94 4
Portland. Me.
60,000
Philadelphia..
40 000
122.635
Baltimore
216,228
715,0C0
New Orleans.. 207,886
4>^,* 10
Norfolk
204,785
WewYork
NewD'rt News
Montreal
648,204
Oalveston .... 102,800
Pensacola
'
bush.
388.746
100 650
100,000
bush.
25,017
85,000
17.142
si.esi
82.427
bush.
8.638
biish,
10.000
•»,142
1.600
!i58 4.S2
2v!.433
746,799
96.449
400,000
305.450
1,702
'3,345
327,423 1.382,686
160,739
845,892
New Yobk
47,397
34,196
51,169
113,174
18.S50
15.991
.
Julys.
,
July
1.1898.
8.
bWs
bush.
Onlted KinKdom 259.866
H1,H0«
Continent
9.P81.476
1,108.S55
2,365.4<19
& C. America.
Br. N.Am. Colo's
610.630
11.534
17,864
2,H00
4,460
1.075,564
1,114,2^1
327,423
150,739
15.128.687
12.420.695
hbls.
8.
West Indies
Other countries..
Total
.
Ot%l 18B8
The
...
207.296
3&4,621
1898.
bush.
Julys
65,342,277
47.741,044
198,166
1.1)16.734
I,
bush.
2,303 211
2.621
32,6.; 6
63.102
620.760
8.189
1.718.074 113.902.247
1,433.735 lH.76tI,b48
1, 1898
hiish
69.91(1,772
7 7,6?8.60fl
K 2,298
851,431
2H0.iri
1,207,936
In
store
at—
S?ew York
Do
bush.
bush.
737,000
I,l30,or.'
ee.oro
afloat
Boston
Philadelphia
lalttraore
New
Orleans
Galveston
Montreal
566.01.
i9e,Ho{'
204,000
l,206.00u
679,jOC
681,000
48,000
117,000
473.0'
836,000
20l.00t
738.000
63.0Cr
3.600'
ht.Will'm&Pt. Arthur 2.C07,C00
5,3»3,000
Oulutb
576,000
sis.o'o'O
89 6'CO
200.060
282,000
443,600
54.000
2 OA"
2,0CO
.
DO
.
.
"float...
.
Do
b'o't
'
8.000
4l8.)ori
afloat
Kansas City
Peoria
[ndlanapolla
On Mississippi River
On Lakes
On canal and river.
Total
Total
Total
Total
Tnta)
11
345.00!
,
93'93n.i
Minneapolis
3t Louis
July
July
July
Juy
July
8, 18J<9
1.
9,
10,
11,
.
.
.
1,286,000
14,'dob
16,00<'
5,000
119,000
157,000
lOS.OPC
274.CC0
23.000
1.654.000
i.69'j','6o6
2i'i,oo'6
6-9 000
9,100
202.000
12 9R3,00m
13,H6H,000
22,855,000
16.425.000
s.o.sa.ooo
KlSf.OOO
8,328,000
31,016,000
18H9 .'i-S.esa.i/Ou
1898 .*I2 616,00C
1897 .*l>',6u9,0G(j
1896 .•47,220,0nr
587
52
40
.,
Central America............
South America...
Other Countries....
2,4>>0
6.567
26,424
4,839
1,121
,
«9
Total
China, via Vancouver*...
Total
2,080
230,725
6,742
14,238
181,167
6,377
2,080
237,467
14,238
187,544
From New i£n£iana mill points direct.
The value of the New York exports for the year
*
steady.
6.38a6bt
afloat
"i"83
920
923
850
213
42
122
782
69
Importations and Warebonse Wltli<£raMraiB of Uy^ 0«t«<a
The importations and warehouse withdrawals of dry good!
aX this port for the week ending July 13, 1899, and since
January 1, 1899, and for the corresponding periods of last
13,0(0
5,342,uui,
Do
89,927
7,998
19,637
7,544
7,337
2,369
3,885
27,668
12,090
80l.'>'
ei.oop
5.000
"4,6'0()
afloat
Milwaukee
10,280
2.097, 00(
l,165.0'i
0(>'
3.000
afloat
Ohlcaso
720
136,772
1,532
26,230
8,114
16,880
1,992
fi.949.0rt0
'l28,'66b
1C8
1
374 00(
sai.uou
Do
36
597
878 OOi
1.34 1,000
Do
1,290
8inct Jan, 1
5.951,000
2S.0C0
152,000
afloat
Detroit
16
12
,
Week.
\
59iO.O0C
75,000
l,586uoi
Do
Toledo
Since Jan.
727,0C0
722 no
Rvt,
bush,
1.220,000
Baflalo
Week.
to date
has been $8,231,050 in 1899, against |6,807,400 in 1898.
Several transactions in heavy brown sheetings and drills
l.S2.0(
of fair volume at full prices are reported this week for export,
and the demand from the home trade has shown ao expanding
tendency also. Standard to 33^^-yard goods are generally
firm.
Lighter weights somewhat irregular. Tne demand
for grey goods continues indifferent, and prices are barely
15 000
9 wo steady. Business in ducks and brown Osnaburgis quiet and un331,000
cnanged. Sales of bleached cottons show an increase in the
aggregate, but individual purchases are still moderate.
Prices are maintained. Only a quiet demand is reported in
wide sheetings, and reorders for cotton flannels and blankets
183,00(
are moderate at previous prices. Business in denims and
20,00t
other coarse colored cottons has been moderate, with ready
The price of the Pacific, Cocheco,
sellers at the quotations.
'2000c
Windsor and Manchester SJ^c. fancy prints has been reduced to 5c. per yard. In other directions the print market
2l.f '<
i.00(
rules steady, with a moderate amount of business doing.
There has been no change in the gingham situation. Print
If.OCO
cloths continue quite inactive; price unchanged at 23^c.
Foreign Dry Goods.— Business in foreign merchandise is
163.000
quiet.
Dress goods are firm, but buyers slow in paying
172.0(
prices held for. Silks are quietly steady. Ribbons dull and
f 77.(J(
Burlaps slow and barely
irregular. Linens quiet but firm.
8P8,
Oati,
bush.
1,037.000
13,C00
132,0u0
467.000
143,000
112.000
12,000
494.000
163,0Uv.
58,0n<'
Toronto
European
Mexico
4,C1S233 160,031.098
2,427.770 177,51.7 069
1898.
9.
India
Arabia
Africa
West Indies
oomprlslng the stocks in
granary at the prinolpal points of aooumulatton at lake and
aeaboard ports, July 8, 1899, was ta follows:
Corn,
1899.
to Joly
Great Britain
Otlier
Cliina
visible supply ot grain,
Whea',
'
1.66c
1,'doci
'
i'l.bco
1
Barley,
&UJ».
•'
768
Exclisive of New Orleans. Galveston, ^t. William and Port Arthur, but
including Albany, uswego and Cincinnati, now omitted.
NOTE.- Beginning July 1. 1899. the New York Produce Exchange has changed
its Visib e Supply Statement by inclu ing stocks at New Orleans. Galv- ston.
Ft. William and Ft. Arthur (previously omitted) a d leaving out .albany
Oswego and Cincinnati, formerly included.
*
year arp ap follows;
|2^§|t
5
THE DRY GOODS TRADE
New
;
® » t:S©5
%t
B
York, Friday, P. M,, July 14, 1899.
The chief feature of the week in cotton goods has been a
reduction of 3^ c. per yard in certain lines of fancy calicoes
When Ihe season opened for dark fancy prints severa.
agents made a price considerably above usual parity with
the rest of the market. This they have failed to establish, and the change now is more in the nature of a
rectification than of any development of weakness in
the print situation. In most other directions the con
dition of the cotton-goods market has improved slightly.
There has been more business doing than for some
time past, both the home trade and exporteis contributing to
the increase. The staple gocds division in all leading makes
shows a steady tone prevailing, with considerable business
turned down by sellers rather than submit to even slight
•oncessione. In the woolen division for men's wear a number of new lines have been opened for spring and larger eales
effected of serges and clay worsteds at advances of 23^ to 5
per cent. Jobbers report a liberal demand, and the H. B.
Cl«flin Co.'s half-yearly Htatement, sbowirg net earnicfis for
the six months of $607,062 against |241,248 for first ha'f of
last year, is regarded as satisfactory evidence of the improved
condition cf Ihe jobbing trade generally.
"Woolen Goods.— Important lines of men's -wear fabrics
for spriEg have- bren opened this week, the Amf^rican "Woolen
Company putting its serges and clay worsteds upon the market. The serges show an advance of 23^c. to Ihic per
yard and the Clays are occasionally 23^c. per yardfaigher
than last season. Other lines have beeu opened on about a
parity with these prices.
There has been a large attendance
of bujers and the demand has been active.
Few fancies for
the new season have been shown yet in either worsteds or
woolens except in low grades of the latter the general tone
is strong.
Reordering of heavy-weighls continues on a
liberal scale, and most goods are scarce for quick deliveries.
In overcoatings there has been a fair business done and the
\
—
8,350
Same time '98.1,433,736 2,427,770
The destination of these exports for the week and since
September 1, 1898, is as below.
^-Flour.-Oorn.Wheat.
JBxports for
Weelt
Weeh Since Sept,
Since Sept.
Week Since Stpt
%0eek and sine*
Sept. 1 to—
market is generally firm. Cloakings are quiet and without special feature. The demand for dress goods is improving and prices are maintained. Sales of flannels and
blankets indifferent, but tendency of prices is against buyers.
DoMESTio Cotton Goods. The exports of cotton gooda
from this port for the week ending July 9 were 2,080
packages, valued at $98,894, their destination being to the
points specified in the tables below:
1.740
1,100
3,050
Total week.. 1,718,074 4,01R,223
38,769
9.000
[Vol. LXIX.
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—
——
July
THE CHRONICLK
15, 1899.]
$T^m
——
m^
City
News Items.
Ohio. — Ordced 1o Pay
:
Inter (st.
— The
—
—
special session of the Legislattire to provide the means necessary to allow New Orleans to proceed with the work of sanitation authorized at a recent election.
Lyon Count}, loy\ a.— Litigation Settled. On July 10,
1899, Judge Shu as in the Federal Court handed down a decision in the case of the ^tna Life Inturance Co. against
The insurance company sued for payment of
this county.
bonds issued by the county in 18':^5 amounting to $i 20,0(0.
The county officials claimed that the securities were illegal
on the ground that the amount exceeded the constitutional
limitaticn of 5% on the assessea valuation. The Judge decided that $39,636 was within the legal limit and decreed
that the bondholders receive that amount, with interest for
ten years.
Mexico. The new Mexican Loan, to which reference was
made in our editorial columns last week, has this week been
offered for public subscriplicn by J. P. Mor^jan* Co. of New
York.
simultanecius issue was madp in B rlin by S.
Bleicbroder, the Deutsche Bank and the DitSfin* r Bank; in
London by J. S. Morgan Co., and also in Fra.kfort and
Amsterdam. The issue is entitled United States of Mexico
Five Per Cent Consolidated External Gold Loan of lfc99, and
the total amount is, in sterling, £22,700,OOj; iu rexhuiarks,
463.080,001', and in dollars, $ll0,0y5,ti00.
Toe bonds are in coupon torm of the following denominations
£J0, £1ijO, £200, £500 and £1,000 and the equivalents
marks and U. S. dollars. Interest is payable quarterly on
January 1, April 1, July 1 and October 1 in each year.
The bonds are secured by special hypothecation of f>2% of
the import and txport duties of tbe United States of Mexico,
These duties are collected th»-ough the sale ot Customs ceitilicates by the National Biuk of Mexico and remitted direct
to Mr. S. Bitichroder for account of the issuing houses by
saiil bank, the Mexican Government being pledged to maintain a margin of 10;^ above the amounts required and to make
np any deficietcy fifteen days before matuiity of coupons Que
aud cionds drawn.
Tne entire issue of bonds is to be retired within 45 years at
pir by semi-annual drawings (the first drawing to tab,e place
in JuQt liiO ',) or by purcbasts in the market if sime can be
maUe at under par.
ter July, 1909, the amount of any drawiuij may be increased or the entire loan miy be paid off on tiiree montbs'
lioiice.
Principal and interest of the bonds are pa>ablt! in
gold, free from all present and future Mtrxicau taxes, ar, the
option of the nolder— in New York in Amer can guld ot the
pres^nt standard of Wright and fineness at $4 85 per pound
sterling, in London in pounds s-ttrliug, in Germany iu marks
at jin. 20 40 per pound sterling and in Amsteidam in Dutch
florins at the sight rate on Berlin.
The proceeds of the it:sue
are intended exclusively to retire the existing foreign loans
of the United States of Mexico, viz. The b% logins of 18>8,
1890 and 1893 and the 5< Tehuantepec loan heretofore issued
in London and Berlin.
Of the whole amount of the issue
£5,000,000, are reserved for allotment in this country and in
Holland. The issue in England and Germany at the present
time will be limited in favor of holders of the existing bonds,
who will be given a right of conversion. Application is to
be made for the listing of the bonds on the New York Stock
—
A
&
:
m
,
A
:
Exchange, as well as on the Stock Exchanges of London,. Berlin, Frankfort and Amsterdam.
The bonds are offered at 993^0 ^^<i accrued interest from July
thatis, §965 15 and interest per bond
1 to the time of payment
of $970, or £200. The terms of payment are as follows 5^ on
application (to be returned to the extent that bonds are not
allotted), 5% on allotment, and the balance at the option of
the subscriber any time before September 1, 1899. The Custom-House receipts of the Mexican Government for a series
—
Athens County,
United States Court recentl> handed down a dr-cision in the
case of the Mutual Life Insurance Co. against the Board of
Commissioners of this county. The insurance company
holds $100,000 of road-improvement bonds issued by the
county in March, 1896, on which the interest has not been
paid, and in last December obtained judgment against the
county for the amount of $8,293 74. A similar case was filed
by the United States Trust Co. of Kansas City, Mo., for the
same amount. By the decision just rendered the officials of
Athens County have been ordered to forthwith levy a tax on
all taxable property of the county and to pay the amount
of the judgments and costs.
Connellsville, Pa. Bond ^ward/Z/egraZ.— Judge Crawford
of Greene County has made permanent an injunction restraining the Town Council from delivering $35,000 4i^<g refunding bonds sold last Janiiary at par to C. R. Williams,
representing New York brokers. The boLds were to be free
from State tax. The Council passed the ordinance authorizing these bonds last January, and at the same meeting accepted the bid of C. R. Williams, A temporary injunction
was obtained (now made permanent) on the ground that other
brokers bad presented better bids, none of which was considered, and that the bidding for the bonds was not lawfully
thrown open to competition. It was ako contended that for
the borough to sell bonds at par and then pay the State
taxes was a sale below par, and therefor illegal.
Franklin, lud. Litigation. A temporary injunction was
granted on July 11. 1899, by Judge Buckingham, which
prevents the City Council from purchasing the works of
the Franklin Water, Light & Power Company for $100,The petitioners claim that the amount proposed is
000.
more than the actual value of the plant, and that such an
amount would place the total indebtedness of the city above
the limit of 2^ of the tax valuation. The final hearing on
the injunction was postponed until Sept. 1, 1899.
Louisiana.— (Special ii'e.<^sio?i. The Governor has called a
—
141
of years back, as officially stated by the Financial Agent of
the Government, have been, in Mexican silver, as follows :
1893-4, $16,359,031; 1894-5, $18,965,848; ls95-6, $22,571,072;
1896-7, $22,912,922; 1897-8, $22,5!38,437; and for 1898-9 (eleven
months only), $24,709,076. Sixty-two per cent ot the last
amourt given would be $15,319,627. The annual interest
and sinking fund requirements for the entire external debt
of Mexico, as consolidated by the new issue of bonds, is only
about $6,200,000 gold, or at present exchange about 813,000,OOn silver
&
On Friday
Messrs. J. P. Morgan
Co. announced that the
for allotment in this country and Holla nd,
$25,l0O,C00, had been largely over-subscribed.
Nassau County— (Queens County, N. Y. Debt Division.-—
Ex-Judge Brown, as referee for the division of the Queens
County debt between the Nassau County towns and New
York (^ity, has given an opinion holding that the division of
the debt should be on the basis of the assessed valuation of
amount reserved
Nassau County and Queens Borough. On this basis Nassau
County will be responsible for $985,653 and New York City
for $3,822,346. The opinion is based on Section 1588 of the
Charter ot the city of New York. Under the claim of the
New York City authorities, who contended that the portion
of the debt incurred in the building of the Queens County
roads should be divided according to the amount expended
in each section, Nassau County's share would have been
about $2,00(',000, equal to lOj? of the ent're assessed value of
the new county. 'Ihe Nassau County officials feel confident
that the decision of the referee will be confirmed by the
Court.
—
Bonds IlUgal. The courts have declared
refunding bonds of this village. These bonds
Oquawka, IlL
illegal $35,000
were originally issued
and are known as the
in 1857
'-Rail-
road and Plankroad Bonds." They were re-issued in 1871,
without provision being made for their redemption at maturity by providing an annual levy, as required by the law relating to cities of ],500 inhabitants in refunding outstanding
bonds at maturity,
Toledo, Ohio, - Litigation Settle 1.— It w&s announced this
week that the suit to test the validity of the 8150, OO'J park
bonds had been settled and the securities will be delivered to
Spitzer
&
Co.
Bond
Calls and Redemptions.
Cape trir.irdeau, Jlo.—Bond Call.— Geo. E. ChappeJl, City
Clerk, Las called for payment August 1, 189.^, at the National hank of Commerce, New Yoik Citv,$5ou5^ bpuds Nos.
11. 15, 16, 17 and 18, issued Mnrch 1, 1890.
Ciatbup Couuly (P. 0. Astoria), Ore. Warrar.t Call.
Couuiy Ireasuitr Ibompson has issued a call for all warrants
drawn ou tue general lund and indorsed prior to July 21,
—
1b97.
Denver, Col— 5ond CaH.— Paul J. Sours, City Treasurer,.
has calieo fur payment Sept. 1, I8y9, public- improvement
bonds. Series ''A, N.s. 1 to 76, iuclu^-'lve, dated Sept. I, 1889.
Erie Township, Neosho Count*, W-Au.-Bund Ca/<.— Frank
E. Barney, Clerk, called for payment July 10, 1S99, at the
State fiscal agency in New York City, bonds Nos. 1 to 30,
issutd June 1, 18^7, iu aid of the Kansas City & Pacific RR.
Co. These bonds are in denomination of $1,000 aud mature
June 1, 1917. Interest at ^% will cease on above date.
Franklin, N, H.— JSorid Ca//.— Frank Proctor, City Treasurer, nas called for payment Autust 1, 1899, at the First National Bank, Bobtcn, or at the office of the City Treasurer,
funding bonds of the town of Franklin, daied Aug. 1. 1885.
Bona Call.
iiraut To»vuship, NHosh»» « ounti, Kan.
W. N. Williamson. Towi ship Cleik, called for payment
July 10, lt99, at the State's Fiscal Agency in New York City,
Pacific
$22,500 6% Donds issued in aid ot the Kansas City
Ela.ilroaJ Co.
S'icuritits were issued July 22, 1S87, and
maluie July 22, l917, and aie numbered one to twenty -two
each fo $l,t 00 aud one for $5'
Kent Hc»» y.— l-Vurranf Cull State Treasurer Geo. W.
Long calslor payment on July 17, 1^99. after which time
all ictfrt'!-t will cease, all interest-Leanr g warrants of whate\er num tr ise-utd on or before March 31. 1898,
Mark G. Jones,
L«is Angeles County. Cal,
*--ond Call
Coumy Treasurer, nas called for payment the lollowing
bonds
'
—
&
—
:
No. 35, lundtd debt boud. Issue 188-^
Nos. 52 and 63, funded debt bouds,
issue l» 4.
Xos. 197 to 219, funded debt bonds,
Nos. 74 to 83, cjuit-bouse bonds, issue
lt87.
Nos. 64 to to, coiut-house bonds, issue
1890.
issue l8b^.
Above bonds
are in denomination of $1,000.
>outh HuA'cn Township, Suuiuer County, Kan.— Bond
Call.— J. W. Parks, Treasurer, has called for payment
August 1, 1899, at the American Exchange National Bank
New York City, bonds Nos. 5 to 20, inclusive, each lor $1,000
issued July 1, 18S6.
Union Townsliip,
—
McPherson County, Kan.— Bond Call.
Almond Palmquist, Township Treasurer, has called for pay
THE CHRONICLE.
142
ment August 1, 1899, at the State's Fiscal Agency in New
York City, railroad aid bonds Nos. 1 to 20 inclusive, each for
11,000 and dated January 1, 1888.
[Vol. LXIX.
Centervilie, (^ueen Anne County, Md. Bond Sale.—ThQ
recently sold $5,000 4% water bonds to
W. S. Hillis, Baltimore, at par. Securities are in denomina-
Town Commissioners
tion of $1,000.
Bond Proposals and Negotiations
this
week have been as follows
Albert Lea, Minn.— Bonds Defeated.— At an
:
eleciion held
June 26, 1899, a proposition to issue $10,000 city-hall bonds
was defeated by a vote of 351 to 98.
Amboy Township, Lee
County, III.— Bond
Sale.— On
$93,500 4% 1-12-year refunding bonds were
awarded to Josiah Little of Amboy at a premium of |701 25.
Co. and the First NaOther bidders were N. W. Harris
tional Bank, Chicago.
Aspinwali, Va.—Bond Sale.— On July 8, 1899, the $80,000of
4%% street and sewer bonds were awarded to the Dollar Savings Bank, Pittsburg, at 116-68. Securities are dated July 1,
1899, and are for $1,000 each. One bond will mature yearly
from July 1, 1910 to 1917, inclusive, and two bonds yearly
from 1918 to 1928, inclusive. Principal and interest payable
give below a
Trust Co., Pittsburg.
at Fidelity Title
list of the bids received
July
1,
1899,
&
We
&
:
Dollar Savings Bank. Pitts... $35,004
C. R. Williams. Pittsburj.'... 34,600
W. J. Hayes & Sons, Cleve.. 34.530
Briggs. Todd & Co., Cincin. . 33,612
33,309
Robinson Bros., Pittsburg.
Mercantile Trust Co.. Pitts. .|82,775
Feder. Holzman & Co.. Cln... 32,:525
B. J. Stoney. Jr., Pittsburg.. 33,l.'i6
Seasongood & Mayer, Cincin. 31.876
00
00
00
50
00
00
Champaign County (P. 0. Urbana), Ohio.— Bond Sale.—
On July 10, 1899, the County Commissioners sold $2,300 5%
ditch bonds to the National Bank of Urbana at 103*054. Following are the bids
National
Meyer &
Bank of Urbana
Kiser, Ind'apolis
$2,370 25
2,370 00
1
New First Nat.
Bank, Colum. .$2,34tJ 50
I
Securities are in denomination of $330, dated July 1, 1899;
interest will be payable January 1 and July 1. Principal
will mature one bond each six months, commencing January
1, 1900.
are advised by
Charles City, Iowa.— Bonds Not Sold.
the City Clerk that the $30,000 refunding bonds advertised
for sale on July 10, 1899, have not been sold, all bids having
been rejected. About fifteen bids were received, ranging
from $800 premium offered by the Charles City National
Bank down to $101 bid by a Chicago firm.
Charleston, W. Va.— -Bonds Defeated. At the election held
on July 6, 1899, to vote on the question of issuing $60,000
—We
—
bonds the proposition
sewerage and street-improvement
failed to carry.
—
Chattanooga, Tenn. No Bonds to he Issued at Present.
by E. Watkins, Mayor, that the $30,000 refunding bonds authorized by the last Legislature will not be
The assessed valuation of the borough for 1899 was $856,- sold (if at all) until the summer of 1900. The bonds which
Total bonded debt, including this issue, $55,000. Pop- they will refund mature Sept. 1, 1900. The city has at pres000.
ulation in 1899, 1,067.
ent in the sinking fund very nearly enough to pay off these
Batavia, Ohio.— i^o?jd Election.— On July 22, 1899, an bonds, and it is barely possible that no new bonds will be
election will be held to vote on the question of issuing $18,- required at all.
000 of bonds.
Chicago, 111. Bond Offering. Proposals will be received
Beaver Falls. Minn.— iVb Bond Issue Yet. We are ad- until 12 M. Aug. 17, 1899, by William D. Kerfoot, City Compvised by the Village Recorder that the $1,500 water bonds troller, for $228,000 3}^% gold coupon refunding bonds. Secu
rities will be in denomination of $1,000, dated Sept. 1, 1899;
vo ted for in June will not be issued at present.
Bigger and Campbell Townships, Jennings County, Ind. interest will be payable semi-annually at the American ExBond Sale. These townships re-ently sold about $25,000 change National Bank, New York City. Principal will mature Sept. 1, 1919. Bonds are issued pursuant to an ordi4:}4% pike-road bonds to Campbell, Wild & Co.. Indianapolis.
Interest will be payable at Vernon, Ind., and the principal nance passed by the City Council June 19, 1899. Proposals
will mature part yearly, beginning July 15, 1901.
must be accompanied by a certified check for 5% of the
Birmingham, Ala. Loan Aiithorized. At a special amount bid for. Any of these bonds may be registered if
meeting ot the City Council on July 7, 1899, a loan of $10,000 for 90 days was authorized. The money is to be used
Clarksville, Tenn.— Bond Sa^e.— On July 10, 1899, the$30,for current expenses, and will be repaid when tax returns OOO filter bonds were awarded to Denison, Prior & Co.,
begin to come in.
Cleveland. Following are the bids
Blooming Prairie (Minn.) Independent School District
iPeCt.
iH Per Ct. 5 Per Ct
.
.
.
CO
65
00
We are advised
—
—
—
—
—
:
—
No. 63. Bond Goffering. Proposals will be received until 2 P.
M. July 25, 1899, by the Board of Education, for $15,000 4% 15year school bonds. Securities will be in denomination of
Proposals must be accompanied by a certified check
$1,000.
for $500, payable to M. M. Guthrie, District Clerk.
Buffalo, N. Y.—.Bonds Authorized.— The Mayor and Comp
troller have been authorized by the Board of Aldermen to
issue $157,133 02 S}4% bonds to pay the city's, the New York
Chicago & St. Louis Railroad's and the Western New York
Pennsylvania Railway's proportion of the substructure
and superstructure for the Abbot Road Viaduct over the
New York Chicago St. Louis Railroad, the Western New
York & Pennsylvania Railway and the Buffalo Creek Railroad; also $25,5b2 94 33^$g bonds to pay the city's and Erie
Railroad's proportion of the compensation to be paid to the
owners of and parties interested in the lands claimed to be
injured by the change of grade of Clinton Street at the crossing of the Erie Railroad. Securities will be dated July 1,
ls99; interest will bo payable January 1 and July 1 at the
office of the City Comptroller or at the Gallatin National
Bank, New York City, as the successful bidder may elect.
Principal will mature July 1, 1919. Bonds are issued under
authority of Section 16, Chapter 345, Laws of 1888. The
Comptroller is authorized and directed to advertise for sealed
proposals for tbese issues.
resolation has been introduced in
Bond Proposed.
the City Council authorizing the Mayor and Comptroller
to issue a $6,496 10 3 per cent judgment bond, to bear
date of July 1, 1899. Interest will be payable semi-annually
at office of the City Comptroller, and the principal will maThe ordinance provides that the bond
ture July 1, 1900.
shall be awarded to the Comptroller, at par, in trust for the
Park Bond Redemption Sinking Fujid as an investment for
such fund. The matter has been referred to the Finance
&
&
—A
Committee,
—
Loan Proposed. An emergency loan of $100,000 for school
expenses is under consideration by the city officials.
Caldwell (Idaho) Independent School District No. 28. Bond Sale.— On July 1, 1899, $5,000 (3% bonds were awarded to
C. E. Rice of Boise City at 103 20. Following are the bids
10:!-20 Trowbridee. MacDonald & Niver
C. E. Rice, Boise City
J03-a2
101-12
Co., Chicaeo
C. H. Coffin. ChicaBO
103"2i) Chas. S. I>uau. Caldwell
Duke M. Farson. Chicago
10102
Securities are in denomination of $1,000; interest will be
payable semi-annually. Principal will mature $1,000 yearly
on July 1 from 1907 to 1911, inclusive, the entire issue being
subject to call after July 1, 1907.
Caldwell (Iowa) Independent School District No. 28.—
Correction. The item referring to a bond sale of $5,000
which appeared in the Chronicle of July 8, 1899, under this
head should have been Caldwell, Idaho, instead of Iowa, as
noted above.
Carnegie, P&,—Bond Election.— On July 18, 1899, the qaestion of issuing $4,000 bonds for a new school building will
be submitted to the voters of this borough.
:
I
I
—
Denison, Prior & Co., Cleveland
Rudolpli Kleybolte * Co.. Cincinnati
Feder, Holzman & Co.. Cincinnati
Northern Bankot Tennessee, Clarksville
Chas. H. Cotlln, Chicago
Briggs, Todd & Co., Cincinnati
Northern Bank of Tennessee, Clarksville
Trowbridge, MacUonald & Nlver Co., Chic
$20,215 75
20,215 00
$20,8i52'o6
20,231 to
20,025 00
Stafford & Co., Chattanooga
New First National Bank, Columbus
Clarksville National Bank. Clarksville
Fidelity Tr. & Safety Vault Co., Louisville
C.H. White &
W.
J.
Co.,
New York
20,172 00
20,4:3 00
Hayes & Sons, Cleveland
N. W. Harris & Co.. Chicago
Duke M. Farson, Chicago
Par.
50
20,325 00
20,ii32
20,'.i07
Principal will mature July
bonds see Chronicle July
20,970 00
2o,neoo
5!0,236
P.M. McKay, Chicago
Seasongood & Mayer, Cincinnati
Lamprecht Bros. Co.. Cleveland
75
00
00
00
21,20100
2l,0a0 CO
21,005 00
20,919 00
20,812 00
20,5'^5 00
20,500 00
21,200 CO
$21,436
21,565
21,216
21,213
1,
1, 1929.
1899, p. 41.
tO
00
...
.
For description of
—
Cleveland, Ohio. Bond Orainances. At the Council
meeting on July 10, 1899, several ordinances providing for
bond issues were introduced and referred to the committees
of finance. Following is a list of the issues to be authorized
$16,000 Sewer District No. 15.
6,000 Sewer Dis:rict No. 19.'
Walworth street sewer.
$265,000
65,000
bond extension.
bond extension.
176,000
Clinton (Tenn.) School District.— Bonds Defeated.—A.t
the election held June 28, 1899, tbe proposition to issue $10
000 school-building bonds failed to carry.
Colliowood, Cuyahoga County, Ohio.— Bond Offering.
—
Proposals will be received until 12 m. August 12, 1899, by
L. A. Wilson, Village Clerk, for $20,000 b% bonds for the im-
provement of certain streets in Sswer and Drainage District
No. 1 Securities are in denomination of $4,000, dated Oct. 1,
Principal will
1899; interest will be pa j'able semiannually.
mature one bond yearly on October 1 from 1901 to 1905, inBonds are issued in pursuance of tbe provisions of
clusive.
Chapter 4 of the Seventh Division and of Chapter 2 of the
Ninth Division of the Revised Statutes of Ohio and of a village ordinance passed July 10, 1899.
Columbus, Ohio. Bond Ordinances.— AX a meeting of the
Council on July 10, 1899, an ordinance was introduced providing for an issue of street improvement bonds to the
amount of $6,500, and another ordinance authorizing the
Mayor and Director of Accounts to borrow
improvement assessments.
$1,469 44 in an-
ticipation of
Proposed ^/ection.— On July 5, 1899, an ordinance was introduced in the City Council providing that an election be
called for the purpose of submitting to the people the ques
tion of issuing $100,000 4%% bonds for the construction oi
a sanitary sewerage system.
Concord, N. H. Loan Authorized. At the meeting of the
City Council held on July 11, 1899, a resolution was introduced and approved calling for a loan of $50,000, for which
notes of the city will be given.
Cudahy, Wis.— Bonds Proposed.— Bonds for a water- worto
system are under consideration, but we are advised by th<
Village Clerk that the matter has not yet taken denniti
—
|
'
.
THE CHRONICLK
JciiY 15, 1899.]
shape, and that in all probability
year.
it
will be put off for another
143
000 water and $15,000 electric- light bonds,
bonds will bear i% interest.
If approved the
Darldson County, Tenn.— iVo Bonds to he Issued at PresGenesee Independent SchooliDistrict No. 2,'Latah
Counent.— Tfe are advised by the County Treasurer that the $250,- ty, Idaho.—
Bond Sale.— On July 1, 1899, the $1,500 Q% 10-year
000 funding bonds authorized by the last Legislature will gold school-house
addition bonds were awarded to
E
not be issued for about two years.
Bell, Spokane, Wash., at 104-133.
The only other bid "reDerby, Conn.— Sonds Proposed.— This city has under ceived was
101 from Duke M. Farson, Chicago.
Interest
consideration the issuance of $30,000 sewer bonds. We are will be
payable annually at the Genesee Exchange Bank.
advised that the bonds will not be advertised until later in
Girard, Erie Co., Pa.-Bond Q^enngr. -Proposals will
be
the year.
received until 8pm., July 18, 1899, by the
Borough of
Dickson, Tenn.— Bowd Election,— On July S2, 1899, the Crirard, C. J.
Reeder, Secretary, for $20,000 5% water and
question of issuing $25,000
30-year bonds for water- electric-hght coupon bonds.
Securities will be in denominaworks, electric lights and street paving will be submitted to tion of $o00,
dated June 30, 1899; interest will be payable
a vote of the people.
semi-annually at place to be designated by the purchaser.
East Aurora, Erie County, N. Y.— Bonds Voted,— On June
mature on June 30 as follows: $1,000 in 1904
fr.".«^'?^l^.V^^
12, lb99, this village
W
H
voted to issue $31,000 street-paving
bonds. We are advised by the Treasurer that the securities
will not be issued until next year.
East Grand Forks, Minn.— Bond SaZe.— The $35,000
30year light and water bonds were awarded on July 5, 1899, to
E. D. Shepard & Co., New York. 105-16, at a premium of
H
m
amount bid
tor.
A
banking company of Detroit bid $700 premium.
A description of the bonds will be found in the
Chronicle
of July 1. 1899, p 41.
East Liverpool, Ohio.— Bond Sale.— On July 10, 1899,
$35,000
1 to 5-year sewer bonds were awarded to Meyer
& Kiser at 101 2685. Following is a list of the bids received
$1,«06.
;
'^^^.OOOinigU; $3,500 in 1919: $4,500 in 1924
^^•^^il'?.^^^^'
and $5,o00
1929.
Bonds were authorized at a special election held May 23, 1899. Proposals must be
accompanied by
a certified check (or its equivalent), payable to the
order of
J. C. Murphy, Treasurer, in the sum of
2% of the
Sale.-Oa July 10, 1899, the $22.nrt?y?xS®^*®^-^"^?'~^<^"^
t|00 Sy^i municipal bonds were
awarded to Jose, Parker &
Co., boston, at 101 -655.
Following are the bids
:
Jose, Parker
& Co., Boston ....101-655 Cape AnnN'ational Bank
101-291
Parkinson A Burr, Boston...
101-54
l«entson. Prior i Co., Boston... 101-29
Blake Bros. A Co., Boston
..lQl-14
E. H. Kollins & Sons, Boston... 101-193
Blodset, Merrltt A Co., Boston. 101-41
E. H. Gay A Co., Boston
10104
H
.
•
.
Meyer 4
Kiser, iDdiaoapHs. $35,144
K. Kleybolte&Co., Cincin'ti. B5.316
Seasoneood & Mayer, Cincin. 35,301
Feaer, Holzman & Co.. Cin .. 3.=>.29()
Lamprecht Bros. Co., Cleve.. 35,2i8
CO
60
25
W.
Principal will mature one bond yearly.
Hayes A Sons, Cleve.. 135,235 00
Briggs. Todd A Co., Cincin... :^5,225 00
J.
For description
week, p. 94.
Grainger County, Tenn.— Bond Electioa.— The County
CO
Uourt has voted to hold a special election in August
to subA description of the bonds will be found in the Chronicle
people the question of issuing $50,000 bonds in
™i
*
.1t
of July 1, 1899, p, 41.
aid of the Knoxville & Bristol Railroad.
East Llvtrpool(Ohio) School District.— Bend Offering,—
Greensburg, Ind.— Bo7ids Proposed.— The issuance of
Proposals will be received until 12 o'clock noon Aucust 1
bonds tor school purposes is being considered in the
Common
1899, by the Board of Education— O. C. Vodrey, Prefrident—
for $25,000 school bonds. Securities will be of the
Greenville, Pa.-Bond Sale -On July 10, 1899, the
denomina$9,000
tion of $500; interest at 5^ will be payable semi-annually
and f% paving bonds were awarded to W. J. Hayes & Sons, Clevethey will mature $2,000 yearly after August 1, 1911. Princi- land, at 104-633. Following
are the bids
pal and interest will be payable at the office of the
City W. J. Hayes A Sons, Cleve. .$9,417 001 Lamprecht Bros. Co.. CieTe...»9,364 80
Treaeurer. A certified chtck for $500, payable to the Clerk Denison, E>rior A Co., Cleve
9,405 90 K. Kleybolte A Co Cincin.,.. 9,293 26
Briggs. Todd A Co., Cincin.
9,376 00 E. H. Gay A^Co.rB63torr".T.'
of the Board of Education, must accompany each
9!273 60
proposal
^- ^- Kean:chicag6:;:..:;;:::>9;o9o6o
• And blank bonds.
The bonds are issued under authority of the Revised Statutes
Securities are in denomination of $500, maturing
of Ohio and a special election held on June 10, 1899
one bond
yearly.
Interest will be payable semi-annually.
East Rutherford (P. 0. Rutherford), N. J.— Bonds Voted,
—The election held on July 11, )899, resulted in a vote favor- Tnw 2^'iJq? £*"V!7 ^?- <>•.,• incinnati), Ohio.-Btds-On
.l^^^'.^^e following bids were received for
able to theissuance of the §17,000 fire department bonds
the $31,000
.^X
The 4<J
Cincinnati & Montgomery Pike bridge bonds
details of the issue will be determined at the next
meetine of S. Eubn A Sons,
Cincinnati .»3o,2fl2 50 Western German Bank, Cin.
the Council, to be held July 17, 1899.
$34,809 00
Feder, Holzman A Co., Cin
36.252 oo R. Kleybolte A Co.. Cincin.... 34,809 00
^** ^o^Js, III.— Bonds Proposed.— We are advised by Seasongood A Mayer. Cin.... 35,048 60 Denison,
Prior
A Co., Cleve., 34,'i63 40
»T*'?I*
M.
M. Stephens, Mayor, under date of July 10, 1899, that the Atlas Nat. Bank, Cincinnati. 34,809 00
The bids were referred to the Board of County Commiscity contemplates issuing about $116,000
6% street-improvement bonds. Securities will bear date of July 1 1899- in- sioners, who stated that they would not make the award for
a day or two. Principal will mature July
terest will be payable at the City Treasurer's
8, 1919
For deoffice, and the scription
of bonds see Chronicle June 17, 1899,
principal will mature oart yearly from 1900 to 1903
p. 1194
Hancock (N. Y.) School District.— Bonds Defeated.— The
Edgewood. Pa.-Bonds Defeated.— At the election held
proposiiion to issue $4,000 school bonds was
May 22, 1899, the proposition to issue $22,000 school-house
defeated at the
election held in this district on June 2i, 1899
bonds was defeated.
Harrison, N. J.— Bids.- On July 11, 1899, there were
Elmwood Place. Ohio.-Bond Ojfenn^.- Proposals will be
fifteen
bids received for the $300,000 4^ refunding
received until 12 o'clock August 9, 1899, at the office
bonds, the
of the
i
ot securities see
Potters' Nat. Bk.,E. Liverp'l. 35,215 00
Denison, Prior A Co.. Cleve.. 35.180 no
New 1st Nat. Bk., Columbus.. 35,000 00
Chronicle of
last
:
,
."
I
.
.'
.'
'
'
:
.
.
.
I
|
|
highest being 107-30,
Sons. New York.
; " . ?®nF°^°^^^' ^^^" Bonham, 510 Main Street, Cincinnati
for $0 000 4% refunding bonds.
Securities will be dated Jnlv
7, 1899, and mature July 1. 1909.
Denomination $100
certified check for 5% of the gross amount of
the bonds, payable to the order of the Village Cieik, must
which was offered by W. J. Hayes
The four best bids were referred
&
to
the Finance Committee, the other bidders
having requested
the privilege of withdrawing their bids
and checks. The
name of the successful bidder will be announced
at the next
meeting of the Council. For description of bonds
see Chro-
A
accompany each
nicle June 24, 1899, p. 1236.
—The city has sold the $10,000 5i
Hastings, Neb.— Bond fi^echon.—An election will
bonds to C. S, Hnnter. President Citizens'
probably
be
held about August 1. 1899, to vote on the
Bank, Elroy, Wis. A description of the bonds will
question of issube foand ing electnc-light-plant
bonds.
in the Chronicle June 24, 1899,
p. 1236.
flawkins County. Tenn.— Bond ^/eciion. —This connty
Enterprise, Kan. -Bonds Defeated.- At an election
held will bold a special election
in August to vote on the question
June 19, 1899, a proposition to issue $8,000
water-works of issuing $100,000 in aid of
bonds was voted upon and defeated.
the Knoxville & Bristol RailEtowah County, «a.— Bonds Defeated,— The qaestion of road.
Uolden, Mass.- Loan A'egro^u/ed,- This town has placed
issuing $100,000 road improvement bonds
a
was defeated at loan ot $0,000 with
Rogers, Newman & Tolman, Boston, at
the election held July 3, If-QQ.
Ererett,«a|S.-Bond 0#f ring. -Proposals are asked until a discount of 299^, to mature Dcc. 26, Iy99
Hollidajsburg School District. Pa.-Bond Sale.— This
^^'^ *^^-0
of fewer bonds. Securities district
»-n*i! ^i'^K^b ^^l^')
nceiitly sold $13,300 3i^« 20-year (optional) refund^' ^^^^' ^'^^ ^^^' ^"^^"^^^ ^^ ^^ and mamg bonds ito the First
t^re March^? fg^T
National Bank of HolUdaysburg at
"^ooas were issued to refund the same
Fall River' County (P. 0. Hot Springs),
??5*
amount of
t^®
S. Dak.-Bond 4>2S which had
matured and had been extended.
Sa/e.-On July 5, 1899, the $16,000
refunding bonds were
^ich— ^omjs Voted.— At tbebond election on
awarded to W. J.Hayes & Sons, Clevelandf
T
®"s
.®n"'
at 114-ri25
June
^b, l«99, only 90 votes were
Principal will mature July 1, 1914. For
cast, 85 being in favor of
description of bonds the issue. The
securities will be $60,000 i% 15-3C-year
iee Chronicle: May 13, 1899.
j<;«»i water
Yvatc*
p, 939.
Freeport, N. Y.—Bond Sale.— 0:i July 1 1899 ilsioono and sewer bonds.
^''^''^y' Ind.— -Bond Eleetion.—A special election
m^k"!'''!^
will
De Held in September to vote on the
question of issuing
™'°""'* " " '""' "»« received.
tbe Kokomo Wabash «fe Northern Electric
.To?'.n iniSst b°.^i.
EIroy, Wis.--Bond Sale
electric- ight
.
H
RaUroad*
Howard Lake (Minn.) Independent School
uTv^^°?sSr?Jy^?^-^\^^°»«»»)' Ohio
-Bond Sale.-On
^''^^ County Commissioners awarded $10,000
^rZ^i:
onrt-house improvement bonds to
W.
J.
Hayes
&
Sons
^^«^i^«^ were $10.1 13 Iro^
tie National
fi'''i%
Bank of c?'""''
Commerce. Toledo, and$J0,085o oyj
30 irvm
from
he Lamprecht Bros. Co., Cleveland.
S^H^'
""'^^
f/ec^ian.-On August 15, 1899, an
lec?f.^°in'i^lection
will be V'T.fr'^
held to vote on the question of issuing $50 -
District No.
-.tfondO/^ertrigr.- Proposals will be received until 7:30
f-^Vi^^^r^^^^^'^'^y the Board of Elucation of this dis^- <^^»lton. President, for the purchase of $10,000
fiJ^'
°°^^^- Securities will mature in 1914, optional after
?L1r Interest
19Ub.
will be payable semi-annually.
Each bid
must be accompanied by a certified check for $500, payable
to the Treasurer of the district.
^
J.
Kanawha County, W. Y a.— Bonds Defeated.— At
the elec-
on July 8, 1899, the question of issuing $150,000 roadimprovement bonds and §150,000 refunding bonds failed to
tion
carry.
— ———
:
——
— —
:
—
THE CHKONICLK
u^
[Vol. LXIX.
—
MadisonTille, Ohio.— Bond Sale. We give below a list of
Kansas City (Mo.) School District—Bond Safe.—The
the
were
bids received on July 7, 1899, for the $8,417 Q% assessment
proposals
which
for
bonds
school
20-year
$400,000 3^i%
asked until July 10, 1899, were awarded as follows §300,00ii bonds
to W. J. Hayes & Sons, Cleveland, at 104-4325, and $200,000 Brlggs, Todd & Co.. Cincm. .$9,434 75 Seasonpood & Mayer, Gin cin. .(9,369 59
Atlas Nat. Bank, Cincinnati... 9.419 50 Feder, Holzman & Co.. Cin.
9,873 00
to the sinking fund of Kansas City at the same price. Fol- German
Nat.
9,406 00
Kean,
:
. .
. . .
Bank. Cincinnati
lowing are the bids
W. J. Hayes &
Sons, Cleve. .$208,885 00
Devitt, Tremble & Co.. Chic. 2u8,420 oo
liamprecht Bros. Co.. Cleve. 207,5 lO 00
111. Tr. & Sav.Bank.Chic ago. 207,480 00
Mason, Lewis* Co., Chic... 207,475 CO
Denlson, Prior & Co.. Cleve 207,275 00
R. Kleybolte & Co Cinciu.. 207,051 25
N. W. Harris & Co.. Chicago. 2 ni.h63 oo
205,920 00
W. G. Bads, Kansas City.
,
Houston Fible & Co.,K.Citr.$205.870 00
Little& Haves Inv.Co-.St. L. sJm.SlO 00
Farson, Leach &Co.,Chic... 203 r.17 dO
J.
& W.
C.Mackenzie.K.City
2l'3.333 00
w
H.P.Wright & Co. Kan.Citv. 203,lu0
203,020 00
Fiaelity Tr. Co., Kan. City
Wnllman &
Co. UorJo-.OoO).
Kansas City
51,375CO
S.
Chicago
A.
8,848 37
The securities will be awarded to Briggs, Todd & Co.
Further description of the bonds will be found in the Chronicle of June 10, 1899. p. 1144.
Mandan (N. Dak.) School District.— Bonds Defeated.
At a recent election the people refused to sanction an issue
—
of $20,000 school bonds.
Manilla (Iowa) School District. Bond Offering—'Piopobe received until August 1, 1899, by this district
Bonds bear date of July 1, 1899.
Kenton, Ohio.— .Souds Defeated.— At an election held June for $1,000 Q% school bonds. Principal will mature August 1,
1909, subject to call after August 1, 1904.
These bonds were
26, 1899, the proposition to issue $15,000 water-supply bonds
voted July 10, 1899.
was defeated by 28 votes.
MansAeld, Ohio. Bond O^erino.— Proposals will be reKnox County, Tenn.—Bond Election.— An election will be ceived
from 10 A. M. to 2 p. M. on Monday, July 17, 1899, for
issuing
question
of
the
time
in
August
to
vote
on
some
held
of
street-assessment bonds. Securities will be dated
$5,600
$100,000 bonds in aid ot the Knoxville & Bristol Railroad.
July
and bear interest at 6^, payable annually. Fol1899,
17,
hospital
of
Bond
Sa/e.—
§30.000
4%
Tenn.—
KnoxTille,
bonds were recently awarded to Rudolph Kleybolte & Co. lowing is a list of the various issues with their maturities
$1,100 West Corporation Alley, payable 1 to 3 years.
at 106-66;3. Securities are for §1,000 each and mature in
1,700 Benton Street, Division A, payable i to 6 years.
50 years.
1,300 Benton Street, Division B, payable 1 to 5 years.
1,500 Street Sprinkling and Sweeping, payable in 1 year.
La Crosse, Wis.— Bond Offering. Proposals were asked
until 2 p. M. yesterday (June 14, 1899), by the Mayor and
Bonds are issued under sections 2703, 2704, 2705, 2706,
City Clerk for $25,000 3^% coupon water-works and sewer 2707 and 2709, Revised Statutes oi Ohio, and in pursuance of
Securities will be in denomination of several ordinances heretofore passed. Bidders are required
extension bonds.
$1,000, dated July 15, 1899; interest will be payable January to use the form furnished by the City Clerk, and proposals
15 and July 15 at the office of the City Treasurer. Principal must be accompanied by a certified check on a local bank,
will mature July 15, 1919, subject to call after July 15, 1909. payable to the City Clerk, for 10^ of the amount bid for. F.
Bonds are issued pursuant to an ordinance passed by the M. Remy is the City Clerk.
Lemuel W. Gosnell is the City
City Council June 19, 1899
Mansfield (Ohio) School District.- Bwid Sale.—The $18,Clerk. At the time of going to press the result of the sale 500 of 4% school bonds sold by the Board of Education on
was not known.
July 6, 1899, were awarded to the Mansfield Savings Bank
La Fayette, Ala. Bond Sale. Electric-light and water- tor $13,643 10. This bid was the only one received which
works bonds to the amount of $8,000 have recently been sold complied with the requirements of tfie advertisement. A
to F. M. Stafford & Co., Chattanooga, Tenn., at 105. Se- description of the bonds will be found in the Chronicle of
enrities bear interest at G% and mature $400 yearly for 20 June 24, 1899, p. 1237.
years.
Meade tounty ( f. 0. Sturgis), S. Dak.— Bids.- On July 6,
Lake Mills, Wis.— Bonds to be Issued.— The $2,500 en- 1899, there were only two bids received for the $24,500 5%
gine-house and jail bonds which were recently voted for will 20-year refunding bonds, one from Denison, Prior js Co.,
probably be issued in a month or so. The interest will be Cleveland, who bid par and blank bonds, and the other
S14% or 4:%, and the bonds will mature from 1914 to 1919.
from W. J, Hayes & Sons, Cleveland, who bid par and the
Lakewood, Ohio. Bonds Defeated.— At the election held county to furnish bonds. For description of securities see
June 29, 1899. the issuance of $l.')0,000 sewer bonds was de- Chronicle June 17, 1899, p. 1195.
feated by 24 votes.
Miami county, Ind. Bond Election. An election will be
Lancaster, Pa. Bonds Proposed.— An ordinance was re- held in September to decide the issuance of railroad-aid
cently introduced in the Council to submit to the voters at bonds.
the fall election (November 7) the question of issuing bonds
Milwaukee, Wis. Bonds Proposed. An ordinance authorto cover the cost of the improvements which have been lec- izing the issuance of $160,001) S}^% permanent street-imommended by the special water committee and approved by provement bonds has been advanced to a third-reading in
the City Councils. The amount needed will be $104,600 for the City Council. Bonds will be in denomination of $100.
the improvement of the water supply and §i78,(j00 for the An ordinance was also introduced to authorize an issue of
.
.
.
sals will
:
—
—
—
—
building of a filtration plant.
Laudis Township (Viueland, N. J.), School Districi.—
Bond Offering. Proposals will be received until July 17.
1899, by S. H. Rudy, District Clerk, for $8,500 of o% school
bonds. The securities will mature $2,C00 yearly on Jan. 1,
1905, 1906 and 1907, and $2,500 on Jan. 1, 1908. Denomination of the bonds will be $50 and $100.
Lima, Ohio. Bond Offering.— Proposals will be received
until 12 o'clock noon July 31, 1899, by the City Council lor
the purchase of $76,000 coupon paving bonds. The securities
all bear interest at 4%, payable semi-annually, are dated July
Of the $5,500 Eureka Street
1, 18t)9, and mature as follows :
paving bonds $300 will mature semiannually Jan. 1 and July
1, ISOOto 1904, and $250 semi-annually Jan. 1 and July 1,
1905 to 1909, all inclusive; of the $15,500 East Elm Street
paving bonds §1,000 will mature on Jan. 1 and on July 1,
1900, and $750 each Jan. 1 and July 1 from 1900 to 1909, all
inclusive: of the $55,00t) Wayne Street paving bonds No. 2
$3,000 will mature each Jan. 1 and July 1, 1900 to 1904, and
$2,5i each Jan. 1 and July 1, 1905 to 1909, all inclusive. The
bonds are payable by special assessment and are issued by
Authority ot sections 2703, 2704, 2705, 2706, 2707 and 2709,
Revised Statutes of Ohio, and pursuant to ordinances passed
by the City Council June 12, 1899. Principal and interest are
payable at the office ot the City Treasurer. A certified check
on a Lima bank for 5^ of the amount bid for must accompany each proposal. C. E. Lynch, City Clerk, will furnish
blank forms, on which proposals must be made, on application. The official circular says " there is no controversy
pending or threatened affecting the validity of these bonds."
Lincoln, Neb.— Bond Offering. Proposals will be received
until 4 p. M July 31, 1899, by M. I. Aitken, City Treasurer,
for the sale of paving bonds for repaving districts Nos. 2, 3,
4 and 5. Securities will bear 5^ interest, payable annually
at the State fiscal agency in New York City, and will mature
in 10 years, one-tenth yearly. The amount of bonds and
date ot issue will be determined hereafter.
—
•
—
Mclutosh, Polk Counly, Minn.— Bond Q^ering.— Pi oposals will be received until 8 p. m. August 7, 1(599, by the Village Council— Th. S. Berg. President— for a $1,000 Q% bond,
bearing date of August 7, 1899. interest will be payable
annually on May 1 and the principal will mature August 7,
1919.
—
Macon, Ga. No Bond Issue. We are advised by the Clerk
of the Board of Education that the report in some of the papers of an issue of $18,000 school bonds was incorrect. No
bonds will be issued and none are contemplated.
bonds for the purpose of building a new Grand Avenue
bridge to cost about $50,000.
Miunesi.ta.— Bond Sale.— On July 6, 1899, $50,000 S% certificates of indebtedness dated July 1, 1899, and payable July
1, 1903, were sold to the State Savings Bank, bt. Paul, at a
premium of $112 50. At the same time $100,000, maturing
July 1, 1904, were awarded to the 6tat^ of Minnesota for one
Denison, Prior »& Co., Cleveland, bid
of its funds at par.
par kss §1,400.
Mount Sterling (Ohio) Union School District. Bond
Saie. - On July 10, 1899, the §3,000 &% bonds were awarded to
Rudolph Kleybolte & Co., Cincinnati, at 113'075. Following
are the bids
:
& Co., Cincin.... $3,392 25 Briggs, Todd & Co.. Clncin.... $3,324 76
Seasoneooa & Mayer. Cincm.. 3.38130 Meyer & Kiser, Indianapolis.. 3,315 26
Keder. Holzman & Co., Clncin. i<,302 oo Denison, Pi lor & Co., Cleve.
3,307 Oo
Lamprecht Bros. Co., Cleve.. 3,3:<3 00 New 1st Wat. B'k,ColumbU3.
3.255 50
R. Kleybolte
. .
.
Kooners
Si
.
Son, Chagrin Falls. 3.328 00
Principal will mature
.
I
March
.%500
1
and September
1
in
each year from March 1, 1905, to Sept. 1, 1907. For further
description of bonds see Chronicle July 1, 1^99, p. 43.
Napoleon, Heury County, Ohio. Bond Saie.— On July 7,
1899, the $15,000 4% water- « oiks and electric-iight bonds
were awarded to Seasongood & Mayer, Cincinnati, at 105'91.
Following are the bids
—
:
Seasongood & Mayer, Cincin.»15,886 50 Lamprecht Bros. Co.. Clev... $15,6.38 00
W. Harris &
N.
Co., ChicaRO. '16,920 uO
i
W.
J.
Hayes & Sons, Cleve...
I&.dl7 00
odd i Co., Cincjn... 16,826 50 TLeC. Ash brook Co.. CTn.... 16.846 50
Co., Toledo
15.745 00 teaer. Holzman & Co., Ciu.
15,458 t>0
16,«68 75 Denison. Prior & Co., Cleve. 15.3ia 50
R. Klevboite A Co.. Cincln.
BrIjiKS.
1
Spiizer
&
|
. .
,
.
•
.
I
Bid rejected.
Piincipal will mature July 1, 1919, subject to call after
For further description of bonds see Chkom1, 1914.
July
CLEjune
17, 1899, p. 1195.
Nassau County, N. \.— Bonds
bonds to the amount of $l00, COO
Proposed.— Court-houte
will probably soon be issued. Since the referee's decision on the division of the
Queens and Nassau counties debt, noted in another column,
Co. of New York have
It 18 reported that Seymour Bros.
offered to take the entire issue at 101-b7 for 3J^^ 30-year bonds.
New Britain (Town), lonn. tsana Offering. Proposals
will be received until July 20, 1899, by this town for $o0,U0(»
'6%% school-building bonds. Interest will be payable at the
Mechanics' National Bank, New Biitain, and the principal
will mature August 1, 1929, subject to call after August 1,
&
—
1914.
New York City, N. Y.— Bonds Authorized.— On July 11,
1899, the City Council adopted the resolution authorizing
the issuance of $500,000 of bonds for the protection of tho
—
July
—
—
—— —
THE CHKONICLE.
15, 1899.]
Croton water-shed. Resolutions providing for |500,000 East
River Bridge bonds and |10,000 East Honston Street Park
bonds were also passed.
On "Wednesday the Board of Estimate authorized a bond
issue of $4,000,000 for the use of the East River Bridge Commission, but the loan must be approved by the Municipal
Assembly before it becomes available. The board also
authorized the Comptroller to issue |2, 800, 763 of bonds to
pay for property used for streets and parks. On the same
day, at a meeting of the Sinking Fund Commission, an issue
of $2,300,000
was authorized
for the use of the
Dock Depart-
ment.
Norfolk, Va.— Bonds Authorized. The Common Council
has adopted the report of the Finance Committee favoring
the issuance of $50,01 bonds for the improvement of Atlantic City Ward, also of a loan of $6,000 to the same ward.
The Council has also adopted an ordinance authorizing the
City Treasurer to borrow $100,000 from the sinking fund for
the expenses of the public schools, instead of issuing bonds
for same.
North Carolina. Bonds to be Issued. The Executive
Board of the State's Prison has authorized State Treasurer
W. H. Worth to issue and sell bonds to the amount of |60,(00 for the purchase of the Caledonia farms. Securities will
be in denomination of $100, $500 and $1,000 each; interest
(from Jan. 1, 1899,) at the rate of 4% will be payable Jan. 1
and July 1. Principal will mature 10 years from date of
Bonds will be issued pursuant to Section 2, Chapter
issue.
The
607, Laws of 1899, and will be exempt from all tax.
State Treasurer will advertise immediately for bids.
Norway (Me.) School District. Bond Sale. This district
has sold $5,500 S}0 refunding school-house bonds. Securities will be dated August 1, 1899, and interest will be payable
at the Norway National Bank, Norway.
Norwood, Ohio.— Election Proposed.— This village has
under consideiation the issuance of $7,500 water and $2,500
An election will probably soon be held,
electric- light bonds.
according to local report, to vote upon these issues.
Njack, N. I.— Bond Sale.— On July 12, 1899, the $34,500
^H% water bonds were awarded to Estabrook & Co., Boston,
—
—
—
These bonds were sold on June 16, 1899, to George
M. Hahn, New York, at 104-03 for 3^s, but owing to an
error in the advertisement of that offering, a re-sale was
made necessary. A description of the securities will be
found in the Chronicle of June 10. 1899, p. 1145.
Oneonta, Ala.— B md Sale.— On July 10, 1899, the $10,000
5^ water- works bonds were awarded to Duke M. Farson,
Chicago, at 103. Principal will mature July 1, 1929. For
description of bonds see Chronicle July 1, 1899, p. 44.
at 104"15.
0. Syracuse), N. Y.—Bond Offering.
until 2 p. m. July 20, lb99, by
Ray B. Smith, Chairman, for $170,000 S% penitentiary bonds.
Securities will be dated July 1, 1899, and will be coupon
bonds with privilege of registration; denomination 51,000:
The bonds will mature as follows: $5,000 yearly on July 1
from 1900 to 1919, inclusive, and $7,000 yearly on July 1 from
1920 to 1929. Interest will be payable January 1 and July 1
at the Metropolitan Trust Co., New York, or by the Trust
Deposit Co. of Onondaga, Syracuse. The bonds are issued
under Chapter 64, Laws of 1898, as amended by Chapter 387,
Laws of 1899, and a resolution of the Board of Supervisors
of Onondaga County adopted June 28, 1899.
Oswego, Kan.— Bonds Voted, At an election held on June
20, 1899, the issuance of $5,(00 of natural gas bonds was approved. The bonds will mature in ten years, optionaljafter
live years, and will be disposed of at private sale.
Otego (Town) Union Free School District No. 1, N. Y.—
Bond Oj]ering.-On July 29, 1899, at 1 p. M., the Board of
Education of this district will offer at public sale at the
front door of the Otego House, in the village of Otego,
$6,000 4% coupon school improvement bonds. Securities are
in denomination of $500; interest will be payable October 1
at the Wilber National Bank, Oneonta, N. Y. Principal
will mature $500 yearly on October 1 from 1900 to 1911, inclusive. Tilley Blakeley is President of the Board.
Ottawa, Ohio.— Bond 0_ffering. Proposals will be received
until 12 M. July 24, l(r99, by M. P. Goetschius, Village Clerk,
for $7,225 67 Railroad Avenue and $26,017 87 Third and
Hickory Street 4i^^ improvement bonds. Securities will be
in denomination of $500, dated August 1, 1899; interest will
be payable semi-annually at oflBce of the Village Treasurer.
The Railroad Avenue bonds will mature $385 67 August 1,
1904, ana $360 semi-annually from August 1, 1904 to and including February 1, 1914. The Third and Hickory Street
bonds will mature $1,317 87 August 1, 1904, and $1,300 semiannually from August l', 1904, to and including February 1,
1914.
Bonds are issued pursuant to sections 2703, 2704, 2705,
2706, 2707 and 2709, Revised Statutes of Ohio, and an ordi-
Onondaga County (P.
— Pioposals will be received
&
—
—
nance passed by the Village Council June
12, 1899.
Bidders
are required to use the form of bid furnished by the Village
Clerk, and no bid will be considered unless accompanied by
a certified check on one of the banks of Ottawa in the sum
of 5% of the amount bid for.
Pennington County,
S.
Dak.— Bond Sale— On July
5,
1899,
the $18,500 5% refunding bonds were awarded to the Pennington County Bank of Rapid City at par. Denison, Prior
& Co. and
J. Hayes & Sons of Cleveland also presented
bids.
description of the bonds will be found in the Chron
iCLE of June 17, 1899. p. 1196.
Pickens County, Ala. Bonds ne-sold.-We are advised
by L. C. Hudgins, Judge of the Probate Court, that the
A
W
145
$4,000 6^ refunding bonds awarded on April 20, 1899, to "W.
Sons at 110-7325 were re sold on May 17, 1899, to
J. Hayes
Farson, Leach & Co. at 107,
Portland, Me. Loan l^egotiated.— On July 12, 1899, this
city awarded a temporary loan for $100,000 to Rogers, NewTolman, Boston, at a discount of 2 -99^. Bond
man
O. Gay
Goodwin, Boston, offered 3-05^ and
Co., Bos-
&
&
Wm.
&
&
Loan will mature Nov. 1, 1899.
Raleigh Township, N. Q,.—Bond Offering.— 'Pioposa.la are
ton, 3'10^.
asked until 12 M. to-day (July 15. 1899,) for $50,000 5% school
bonds. Securities will be dated July 1, 1899, and mature
July 1, 1929. Interest will be payable on January 1 and July
The
1 at the Farmers" & Merchants' Bank, Baltimore, Md.
bonds are issued under authority of Chapter 328, Laws of
North Carolina. Bids must be addressed to the Commissioner of Bonds of Raleigh Township and accompanied by a
certified check for $500.
Randolph, Tenn. No Bonds Voted. Some papers have
reported that an election was to be held to vote on the issuance of $30,000 street-paving bonds. Upon inquiry we learn
from the City Clerk that no such bonds are contemplated,
and that no election has been, or will be, held to vote upon
such an issue.
Redwood City, Cal.- Bonds Authorized— This place has
authorized the issuance of $4,185 5}i^% gold electric-light
bonds. Securities are in denomination of $104 62]^; interest
will be payable annually on September 1. Principal will
mature one bond yearly. Date of sale has not yet been determined.
Reno County, Kan. Bond Sale. The Permanent School
Fund of Kansas was recently awarded $76,000 of 4% refunding bonds of this county at par. Securities are dated June
—
—
1,
1899,
and mature
in
from 20
to 30 years.
Ridgerille Township (P. 0. Ridgeville Corners), Henry
County, Ohio.— Bond Sale.— On July 10, 1899, $3,500 G%
coupon road-improvement bonds issued by this township
were awarded to Seasongood & Mayer, Cincinnati, at 117-75.
Following are the bids
:
Premium.
Seasonsnod & Mayer,
Feder.
Holzman &
W. J. Hayes &
Denison. Prior
Cincin.... 162125
Co.. Cincin.. 5«7 00
660 00
Sons, Cleve
& Co., Boston... 5J4 25
Prem ium.
R. Kleybolte & Co., Cinciiiiiati..t4:37 25
4 07 43
Lamprecht Bros. Co.. Cleve
N. W.Harris & Co., Chicago.... 105 00
Securities are in denomination of $500, dated Sept. 1, 1899;
interest will be payable semi-annually. Principal will mature vearly on September 1 as follows
$500 in 1910, 1911
and 1913 and $1,000 in 1913 and 1914.
Bond O^ertngf.— Proposals will be received by the School
Board of Ridgeville Township until July 24, 1899, for $1,200
Q% bonds in denomination of $400 each. Interest will be payable semi-annually.
Rochester, N. Y.—Bonds Proposed.— At a meeting of the
City Bond Commission recently a sub-committee consisting^
of City Treasurer Williams and Commissioner Allen was appointed to report a plan for the refunding of the 7^ city
bonds which mature in 1902 and 1903.
:
Rockport (Ohio) Separate School District.— Bond 0#er-
—Proposals will
be received until 6 p. m. July 25, 1899,
(P. O. Lake^s^ ood, Cuyahoga
County, Ohio,) for the $20,000 4% school bonds which were
voted June 29, 1899. Securities will be in denoitinalion of
$1,000; interest will be payable April 1 and October 1 at the
American Trust Co., Cleveland, Ohio. Principal will mature §1,000 yearly on October 1 from 1900 to 1919, inclusive.
Bonds are issred in pursuance of sections 3991, 3992 and 3993,
Revised Statutes of Ohio, and of a resolution adopted by the
School Board June 30, 1899. Bids for these bonds will be
opened and the award made at a meeting of the School Board
to be held at the Central School building in this district at
ing.
by
J. C.
7:30
P.
Andrews, District Clerk
M. July 25, 1899.
—
Sacramento, Cal.- Bonds Proposed. School bonds for
$100,000 and water bonds to the amount of $179,020 are under consideration by the Board of Trustees.
St. Elmo, Fajette County, 111.— Bond Sale.— On July 10,
1899, the $6,000 4% street- improvement bonds were awarded
Other bidto Chas. S. Kidder & Co., Chicago, at 100-083.
ders were W. J. Hayes & Sons, Cleveland, N. W. Harris &
Co. and DukeM. Farson, Chicago. Securities are in denomination of $500; interest will be payable annually at St. Elmo.
Principal will mature $2,000 in the years 1909, 1914 and 1919.
Salem, N. J.— Bonds Voted.— On July 10, 1899, this city
voted to issue about $35,000 street improvement bonds.
Sibley, Osceola County, Iowa.— Bond O^erina.— Proposfils will be received until 8 P. M. July 26, 1899, for $10,400 5%
water- works bonds. Securities will bear date of July 1,
1899, and the interest will be payable January 1 and July 1
at Sibley. Principal will mature part yearly on July 1 as
follows $400 in 1904. $500 from 1905 to 1908, inclusive, and
$1,000 from 1909 to 1916, inclusive. Proposals must be accompanied by a certified check for $500, and the successful
bidder will be required to furnish bonds and pay expenses
of delivery. Henry Newell is the Town Clerk.
Springfield, Mass.— Loan Aivarded.-On July 12, 1899,
the $200,000 loan was awarded to George Mixter, Boston, at
Burr,
a discount of 2-89;?. Other bidders were Parkinson
Boston. 3-05^, and Blake Bros. & Co., Boston, 310^. Notes
are dated July 14. 1899, and will be payable Nov. 11, 1899.
:
&
Stewartvllle (Minn.) Independent School Districtwill be received until July 17,.
1899, at 8 p. M., by Ralph Whitney, Clerk of the Board of
Education, for $15,C00 of 4% bonds. Securities will be for
$1,000 each, dated August 1, 1899, and the interest will be
payable on February 1 and August 1. The average maturity
Bond O^ertngf.- Proposals
THE CHRONICLE
146
of the bonds will be 10}4 years. The assessed valuation of
the district is $198,000; the bonded debt $3,000.
&
10, 1899, this
$875 00 Merchants' & Clerks' Eav.Bank,
788 00
Toledo
$350 00
65<i 00 Ohio Savings Bank, Toledo
34» 00
W. J. Hayes & Sons. Cleve
44S 00 Union SaviDgs Bank, Toledo... 21100
Nat.Bk. of Commerce, Toledo.. 425 00
Second Nat. Bank, Toledo
Nat. Bank, Columbus.
For description
Lamorecht Bros.
Co., Cleve.
.
.
bor;
... 10,735 00
10,616 67
Real Estate Sav. B'k, Pitts
Faraon, Leach &Co., N. Y... 10,605 00
Thomas, Tucker Connly, W. Va.— Bond Offering. -C. E,
Smith, Commissioner, will offer for sale to-day (July 15,
Watts & Lawton.
We
bank building in Davis, town of Thomas,
f4,000 6^ coupon water and light bonds. Securities will be
1899,) in front of the
in denomination of $100; interest will be payable annually
at the office of the Mayor. Principal will mature July 1, 1909.
Thornton Towuship, High Scbool District, 111.— Bond
Sale.— On July 5, 1899, the $50,000 5% school bonds were
awarded to N. W. Harris
Co. Following is a list of
bidders
Prem<um.
Premium.
.$2,176
$2,545 R. Kleybolte & Co.. Cincin
N. W. Harris & Co., Chicago
2,176
Farson. Leach & Co., Chicago
Trowbridge, MacDonald &Niver
2.110
& Mayer, Cincin
2,059
875
C. F. Kimball & Co., Chicago...
John Nuveen &
A description of the bonds will be lound in the Chronicle
July 1. 1899, p 46.
Sea80ngo»d
2,540
Co.. Cleveland. 2,490
ii.lSb
Co., Cb icago
W.
&
J.
Haves & S.ms, Cleve
NEW
are advised by the Mayor that although the water
for an injunction restraining the city
from issuing the bonds, the case has been deferred until next
term of court by mutual consent. He also states that the
sale of the bonds before the option on the water-works held
by the city expires (August 1, 1899,) will put an end to all
litigation, thereby allowing the city to assume the entire
water service, without competition or legal difficulties.
Turtle Creek, Pa.— Bond Election.— Jnly 18, 1899, is the
day named for the election to be held at which the people
will vote upon the question of issuing the $42,000 street improvement and sewer bonds.
company has applied
&
Co., Chicago
Denison, Prior
1899,
17,
Tucson, Ariz.— Bond O^ertng. —Proposals will be received
until 12 M. July 29, 1899, by Joaquin Legarra, City Treasurer,
for $100,000 50 year 5^; gold bonds. Securities will be in denomination of $1,000. dated October 1, 1898: interest will be
payable April 1 and October 1 at the office of the City Treasurer. Bonds are issued under authority of the Act of Congress approved March 4, 1898, and of a city ordinance approved July 6, 1898, and were voted at the election held May
Proposals must be accompanied by a certified check
5, 1898.
for $1,000, payable to the order of the City Treasurer. Payment of bonds is provided for by a sinking fund. The proceeds of the sale of these bonds will be used for the purchase
of the water- works system in the city now owned by Messrs.
C. K. Williams. PittsDurg
10,890 00
10,810 00
10,806 25
Chronicle June
years.
.
Mercantile Trust Co., Cleve.
of securities see
Topeka, Kan.—Bond Sale.— On July 4, 1899, $150,000 5%
improvement bonds were sold to E. D. Shepard & Co., New
York, at 10^4. The securities mature in from one to ten
&
& Co., Boston.
.
p. 1198.
$10,000 5% grading, curbing and paving bonds
Sons, Cleveland, at 110-77. Following are
to W. J. Hayes
the bids
W. J. Hayes & Sons. Cleve. .$11,077 00 Seasongood & Mayer, Cincin.$10,775 00
11.003 00 R. Kleybolte & Co.. Cinein... 10,770 00
E. H. Gay & Co.. Boston
Denison, Prior
Premium.
& Co.. Toledo
New 1st
1929,
Pa.— Bond Sale.— On July
:
Spitrer
C—
Ta'rentum,
Toledo, Ohio.—Bond Sale.— On June 10, 1899, the $55,45b street-improvement bonds were awarded to Spitzer
Co., Toledo, at 101-574. Following are the bids
643 08
SnlliTan County, Tenn.—Bond Electio7i.— The County
Court has voted favorablv on the proposition to issue the
$100,000 bonds in aid of the Knoxville & Bristol Railroad Co.
A special election will be held some time in August to submit the question to the people.
Takoma Park ( P. 0. Takoma Park, D. C), Md.— Bonds
Voted.— The people of this place have voted to issue $40,000
bonds for the construction of water-works and a complete
sewer system. The details of the issue are not yet determined upon.
Bond O^ermgr.— Proposals will be received
Tarboro, N.
until 6 p. M. July 27, 1899, by the Board of Public Works,
John A. Weddell, Secretary, for $40,000 5% water and sewerage bonds. Securities will be for SI, 000 each, and the interest will be payable January and July in New York City.
Twenty of the bonds will mature in 1919 and the balance in
ough awarded
[Vol. LXIX.
Valley Springs (S. Dak.) School msirlet.—Hond Offer
inp.— Proposals will be received until 8 P, M. July 20 for
LOANS.
Cincinnati Southern Railway Bonds.
CITY OF CLEVELAND
OFFICES OF
4%
TRUSTEES OF SINKING FUND OF CINCINNATI
SERVER BOXDS.
AND
TRUSTEES OF CINCINNATI SOUTHERN RAILWAY,
CixcixXATi, June
16, 1899.
To the Holders of the Bonds of the City of Cincinnati, Issued for the
Construction of the Cincinnati Southern Railway,
Maturing July 1, 1902.
"r>
Y VIRTUE OF THE POWERS
•*-'
and the JTrustees
vested in the Trustees of the Siiiking
Fund
of Cincinnat
under the laws of
TRUSTEES, acting concurrently, have determined to extend until
of the Cincinnati Southern Railway, respectively,
Ohio, the AFORESAID
July 1, 1940, the time of payment of any of the outstanding COUPON BOXDS of the CITY OF
CINCIKNATI, issued under the act of May 4, 1869 (66 O. L. 80), for the construction of the
CINCIKNATI 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
Dated April 1. 1899.
Due April
Denomination Stl.UOO.
The privilege
make
hereunder and under the circular to be issued, which is to be
considered as a part of this notice, will expire on the 19th day of JULY, 189?^.
The Trustees reserve the right to reject any or all offers, and all offers must be made upon
the blank form provided by the Trustees for that purpose.
For circular and form of offer address " The Trustees of the Cincinnati Southern Railway,"
to
oflfers
Cincinnati, Ohio.
By order of the Board of Trustees of Sinking
Cincinnati Southern Railway.
President of the
Fund
of Cincinnati
and Board
Briggs,Todd&Co.
CINCINNATI, OHIO.
$50,000
Midland Terminal R'wav Co.
(COLORADO;
Ist
CHARLES
Mortgage b% Gold Bonds,
DUE DECEMBER 1925.
Payment secured by Sinking Fund
P.
Full partieulars
FERGUSON,
and
ADAMS & COMPANY
BANKERS/
DBALRR8
CO.,
BANKERS,
II NASSAU ST. (Bank
ol
Commerce
BIdv.)
Perry, Coffin
&
Burr,
60 State Street, Boston.
of Boston Stock BxobanRe.i
Congress and 31 State Streets,
BOSTON.
BOUGHT AND
W. HARRIS &
IN
li^VESTMENT BONDS.
Municipal Bonds
N.
San Francisco, California
Denrer, Colorado.
N'o. 7
38
State of Massachnsetts
S^^s
N. Y. Central & H. R. RR
N. Y. C. & H. R. RR., Midi. Ten. Col.SKs
SOLD.
4s
APPRAISEMENTS JIADB OR QUOTATIONS V,. B. & Q. l9t Mtge., Neb. Ext
4s
FORNISHED FOR THE PURCHASE, SALE OR Chicago Rock Island & Pacific
48
Baltimore & Ohio Ist *itge
EXCHANGE OF ABOVE SECURITIES.
48
West End St. Ry
LISTS ON APPLICATION.
4i^8
West End St. Ry
application.
ROLLINS & SONS,
Members
Government
upon
19 MII.K STREET, BOSTON.
TAFT,
BOARD OF TRUSTEES of the CINCINNATI SOUTHERN RAILWAY.
provision.
PRICE lOa AND INTEREST.
Trustees©
BOARD OF TRUSTEES of the SINKING FLTS'D OF CINCINNATI.
E. A.
President of the
of
1909.
PRICE AND PARTICULARS UPON
APPLICATION.
E. H.
rate.
1.
Devitt,
Tremble
&
Co.,
MUNICIPAL BONDS.
First National
Bank
Building,
CHICAGO.
\
July
15,
THE
1899.]
(
HRONICLE.
106'75
Perry. Coffin & Bnrr, Boston
106'66
E. H. Gay & Co., Boston
....106"539
R. L. Day A Co., Boston.
Blodget. Merritt & Co.. Bo8ton..l06'313
106-25
N. W. Harris 4 Co.. N. Y
the $1,400 10-year (optional) refunding school bonds recently
voted. There will be six bonds in denomination of $100
and four bonds in denomination of $200. Interest (to be
named by the purchaser) will be payable annually. The
School Board asks the privilege of paying flOO yearly for the
Geo. W. Bliss is
first six years and $200 yearly thereafter.
Clerk of the Board.
Warren (Minn.) Independent School District No. 2.—
Bond O/eringf.— Proposals will be received until 8 P. M. July
20, 1899, by the Board of Education, for $2,500 15-year school
bonds. Securities are issued under Section 3688 and 3689,
Laws of 1894. Bonds will be for $500 each and interest will
be at the lowest rate obtainable.
Warrensburg (Town) Union Free School District No. 1,
Warren County, N. Y.—Bond O/errnsr.— Proposals will be
received until 2 p. m. August 1, 1899. by I. S. Woodward,
President Board of Education, for $20,000 5% school bonds.
.
For description
Premium.
W.
J.
Hayes &
.
.
..
..
Premium,'
S.l.SfiOO
i.SOOOO
2,493 00
Feder,' Uolzman & Co., Cincln. 1,216 00
1,063 00
E. D. Shepard & Co., N. Y
J.
—
:
asked.
Yonkers, N. Y.—Bond O^eringr.- Proposals will be received until 3 p. M. July 19, 1899, by Leslie Sutherland,
Mayor, for $150,000 3J^^ public-park bonds. Principal will
mature |10,000 yearly on May 1 from 1910 to 1924, inclusive.
Bonds are issued under the provisions of Section 11. Chapter
202, Laws of 1899, and will bear date of August 1. 1899.
:
MISCELLANEOUS.
NVEST»N/»ENTS
HIGH GRADE
State, Mnnicipal, Coanty, School
Whann & Schlesinger,
BOIVOS.
DEALERS
Legal Inyestments for Savings Banks In
and all New England.
Legal Investment for Trustees
and Administrators.
Rudohh
Klevbolte
New York
&
MUNICIPAL
IN
RAILROAD
and
SECURITIES.
Co.,
BROADWAY
NEW YORK.
BANKERS.
Maturing 1918 and 1929.
No. 1 Nassau Street. Neir York.
SEND FOR CIRCC1.AR.
3d and Walnut Streets. Cincinnati, O.
Farson, Leach & Company,
LISTS MAILED UPON APPLICATION. Blodget, Merritt
NEW YORK.
35 NASSAU STREET,
THE
BANKERS71
Lamprecht Bros. Co.
MASON, LEWIS
80
CO.,
BANKERS,
CHICAGO,
ITl La Salle St.
BOSTON,
60 DeTonsbire
MUNICIPAL
RAILROAD
CORPORATION
St.
BONDS
^ -' ^^
*-*
'^
Choice Issues.
Street Railway and G&s Companies.
LIST ON APPLICATION.
EDWD.
C.
JONES
A.
CO.,
DEALERS IN
Century BnlldlnK.
DEALHR8
Gas
BONDS.
New
Yoi*.
Phlktd«]pUa,
Nassau SUeet.
421 Chestnut St.
1
15 Wall Street,
IN
BONDS.
LISTS SKNT
UPON REQUEST.
F.
Information eiTen and auotallong furnished eonoemine all classes of stocks and bonds that bare a
Cleveland market,
trowbridge,
MacDonald
& NiVER Oo.
MUNICIPAL BONDS,
t9t Nat.
Bank
121
BANKERS,
Devonshire Street.
BOSTON.
Co.,
New York.
Municipal Bonds,
CHICAGO.
MUNICI PAL BONDS.
John
FARSON.
18'J
Banker.
let National
C.
Co.,
Building, Chicago.
solicited.
R.GOODE&CO.
HIOH-ORADE WARRANTS
IVetttng
IN
rosenber(;er & litermore,
(Sp«calisti* in Texas InvestnientB),
FORTY WALL STREET. NEW YORK.
&
Reference, First National Bank, Ohic ago-
CHICAGO.
WE DEAL
Bank
Correspondence
Dearborn Streol
AND WESTERN
SOUTHERN
SECURITIES.
Nuveen
INVESTMENT BANKERS,
ALWAYS ON HAND.
M.
la salle street,
171
Securities Netting from S}4 to 62
Municipal BonxU.
R.FULTON & CO.,
rHTr400
Rldsr.
MUNICIPAL BONDS.
DUKE
E.
&
MUNICIPAL, RAILROAD,
STATE, CITY & RAILROAD BONDS
STREET RAILWAY & CORPORATION
Send for our Inyestmeot Cironlar.
MUNICIPAL BONDS.
O. Stanwood & Oo.
•
Congress Street, Boston.
16
CLEVELAND, OHIO,
IVunicipal, Railroad,
Street Railway and
1899,
Bonds are in denomination of $1,000. Interest payable
semi-annually. The assessed valuation of the village is $610,000; bonded debt $20,000.
Windham County, Conn.— iVo^e Offering. Proposals will
be received until 10 a. m. August 3, 1899, by C. P. Backus,
County Treasurer, at Danielson, for $55,000 3}^^ coupon funding notes. Securities will be in denomination of $5,000,
dated July 10, 1899: interest will be payable April 10 and
October 10 at the Windham County National Bank of Danielsonville, at Danielson.
Priccipal will mature on April
10 as follows
$15,000 in 1902, $20,000 in 1904 and $20,000 in
1906.
Notes are exempt from taxes. Proposals must be
accompanied by a certified check for ^% of the amount bid
for. payable to the County Treasurer.
Yakima County (Wash.) School District No. 5.—Bids
Rejected.-Oi the bids received on July 8, 1899. for Sl,500 of
school bonds, the highest was par for a 5% bond; another bid
was 119 for an 8^ 10 year bond. All bids, however, were rejected, as the School Director has decided to issue $2,000 or
$2. .500 of bonds instead of the amount for which bids were
&
Free from Taxes.
Sons, Cleve.
Denison, Prior & Co., Cleve
N. W. Harris & Co., Chicago
electric railroad.
3%% BOXDS,
1,
Mason. Lewis & Co., Chicago.. $-2,205 CO
D. Cleghorn & Co..Mlnn'U3. 1,800 00
R. KlevboIte& Co.. Cicclo.... l.e-Jl oe
.
WellSTille, Ohio.— Bonds Authorized —On July 6, 1899,
the City; Council authorized the issue of $75,000 4% sewer
bonds, in series of $25,000. The first series may be sold in
the near future.
Willimantic, Conn.— Loan Authorized.— At a special meeting held June 28. 1899, a loan (if necessary) of $5,000 was
authorized for water purposes.
Westboro, Mass.— Bonri SaZe.— The $25,000 ^^% sewer
Cumbonds offered on July 6, 1899, were awarded to Rines
miDgs, Boston, at 106-77. Other bidders were as follows
New
bonds see Chronicle July
of the
Minn. Loan & Tr. Co.. Minn ..f3,240 00
3,205 0«
Stoddard. Nye & Co., M inn
election will be held soon to decide on the question of
subscribing $10,000 of bonds toward the building of anew
S4,000,000
York City Gold
106-22
Boston
:
Watts Township, Wabash County, Ini.— Bond Election.—
'
Co.,
Denison. Prior & Co., Boston. ..106-17
106-15
Blake Bros. & Co.. Boston
106-07
Parkinson & Burr, Boston
105-85
Estabiook & Co.. Boston
Willmar, Minn.— Bond Sale.— On July 5, 1899, $30,000 5%
15 year funding bonds were awarded to the Bank of Willmar
for a premium of $3,235 and accrued interest. Other bidders
were as follows
An
urban
Adams &
p. 46.
Securities will be in denomination of $1,000, dated August 1,
1899; interest will be payable annually at a bank or trust
company in the city of New York. Principal will mature
$1,000 yearly on January 1 from 1900 to 1919, inclusive.
Bonds are issued in pursuance of a vote of special district
meeting March 18, 1899, and Section 10 of Article 2 of Title
8 of "Consolidated School Law" of State of New York. This
district has no bonded debt or floating indebtedness whatsoever, and the official circular states that there is no litigation pending or threatened affecting the validity of these
bonds. Population is from 1,600 to 1,800.
Inter
147
15
from 4 to
^%.
WALL STREET NEW YORK.
If you wish to bay or sell Municipal
or other Securitie8,plea8e m-iteorcall.
S.
A.
KEAN, 132 La
Salle St, Chicago
THE CHRONICLE.
148
[Vol. LXIX.
lauUers mxA ^rollers ©ttt of ^txo '^oxU.
PHILADELPHIA
CHICAGO.
PITTSBURG.
Henry
STAHL & STRAUB,
Sproul 8c Co.,
T8 FOURTH AVENUE,
PITTSBVIRO, PA.
BANKERS AND BROKERS,
Schwartz,
Du pee &
Co.,
Sfocks, Grain and Provisions,
Board of Trade.
2
T
Bfe\¥
CHICAOO.
Mew ¥ork.
§treet,
CHESTNUT
507
ST..
PHILADELPHIA.
A
General Banking Business Transacted.
Investment Securities Bougtit and Sold.
Interest Allowed on Deposits.
Members of Phlla Stock BzcbanKe and connected
by direct wire with New York and other points.
•1KMBXR8 or THB
NRW YORK STOCK EXCHANGB.
rUlLAI)MI,PHIA STOCK EACHANOB,
PITTSBURG KXCHANGB (8 MJflMBBRSi
CHICAGO STOCK EXCUANOB.
err ir A GO board of tradw.
CLARK & HOLDEN,
N. Holmes
Members Philadelphia Stock Exchange,
-
CORRESPONDBNT8
Long Distance Telephone.
&
^RJI/M, PROVISIONS and COTTON.
WESTERN UNION BUILDING,
JACKSON
128-148
Private wires to
all
BatU of New York, N. B. A.
First National Bank of Philadelphia.
Co., E. W. Clark &
BANtlBRR ANT) BRORBR8.
BONDS,
Nl<«. t;j» »ioutli Fourth
STOCKS AND
CHICAGO.
ST.,
principal markets.
C<>.
»•
u
r r M
*
At.,
Transact a ireneral banklnir business.
Allows
Interest od deposits.
Members of tbe Philadelphia and New Tork Su>o.
HiohanKes, and oonnected by nrlv8*« wir* «''*
Whirnev
PA.
u o,
fi
MTABLISHKD
FHILADELFHIA.
1871.
Stephenson.
6l
HANKERS AND BROKERS
^o. 209 FOURTH AVENUE.
New York
W
PA
PIT'r!«BI)RC,
PHILADELPHIA.
Bartlett, Frazier
Sons,
8c
BANKERS.
and Investment Secnrities,
70212 & 703 GIRARD BUILDING,
Broad and Chestnut Streets,
Stocks, Bonds
vMdeit Pittsbnra
e. UuppBii.
u. 8. Hoppaa,
of Philadelphia Stock Bxcbanse.
Members
N. V. Stook Bzahange,
Members
Wm.
T. Mellon
& Co
G. Hopper
Sons' Bank,
PITTSRITRG, PA.
,
8c
Special attention invited to onr Stocks
STOCK AND BOND BROKERS,
and Bonds Department.
28 Sontb Third Street, Philadelpbia
BONDS ADVERTISED on the market snppllec at QFNKBAI. BANKING, OOIiL.BCTTOI(«.
SUBSCRIPTION PRICES.
&
A. O- Slaughter
Telephone
Co.>
BANKKRS AND BROKERS,
Edward
BOCRSB
•took BxchanKe and Chloaso Board of Trade.
Members New York and ChlcaKO Stock EzchaoKes,
'Private wire to
BDIIiDIHO-
!<«...,»-,
"hiK. lod
ritook
Phlladelpliia.
&
Edward
J.
P. Odell
Co.,
•GR8,:Street
Seasongood
W.
Railway and other Hiarb-Grade
Corporation Securities.
&
Co.,
&
AUGUSTA, GEORGIA.
Mayer,
SOUTHERN
Fred.
MUNICIPAL BONDS.
City,
County,
Town and
Whitaker
8c
Charles
&
BANKERS,
PORTL.AWD, OREOON.
BSTABLISHBD IN 1869.
Pranaaet a General Bankinc Buslneas
lOOLUOnONS eiYiN Spioial attiittion
SOUTH STREET.
AUBURBf,
Hodgman
Makes a
300 North Fourth
Richardson
8c
NEW YORR,
spe«lalty of selling
AUCTION.
by
all
kinds of Securities
Stocks and Bonds thoroughly ad-
vertised will
bring buyers
highest bidder
is
when
it
is
known tne
the fortunate buyer.
Streec.
MOUNTAGUE
H.
111.
Tilton,
TO
HoDGfti
Clark,
Wall Street,
BOXDS.
BANKERS,
25 Exchange Street, Providence, R.
VICKERS,
New York.
INVESTMENT] BROKER.
HIOHEST GRADE JtAILROAD
7
EAJ-TERN.
Ladd
M. Smith,
For Estates and Trust Funds.
ST. L,OIIl«
Salle St.. Chicago,
8EC1JRITIBS.
School Bonds
Issued In leading prosperous Stales of the Union, cipeclally adapted for safe and permanent InvestmBiu
BOND AND STOCK BROKERS,
199 La
Dickey,
BROKBK,
Ohio.
(nrOOBPOHATID).
OOMMERCIAL PAPER
W,
John
CINCINNATI, OHIO.
Edwards Whitaker.
A. G. Becker
In
Corner Third and Walnut Street*
HlKh-Grade
CHICAGO.
SOUTHERN INTESTMENT8.
Co
Cincinnati Bonds and Stocks
S.
SANKERSSc FINANCIAL AGENTS,
171 KiA SALLE STREET,
NORFOLK, VA.
CAL..
St., Cincinnati,
Co.,
8c
Bankers and Brokers
Street,
Irwin, Ballmann 8c
37 East Third
&
Mottu, de Witt
Hawaiian Sugar Stocks a Specialty
PRIVATE WIRES.
John
Exceptional facilities for dealings In all olaases ot
Southern Bonds. Loans on Collateral Seoorltlet
Brokers and Dealers
CHICAOO.
BANKERS,
41(i East Baltimore Street, Baltimore.
Investment and Miscellaneous Securities a speoilty, and whole issues handled.
negotiated.
Banker and Broker,
Xhe Rookery.
Bzchanges
St.
403 California
L. Lobdell,
Co.,
8c
of Baltimore Stook Bzobange.
Edward Pollitz
Goar,
Members Stock and Bond Bxchari;e.
Heney
SAN FRANCISCO,
Edwin
Members
WESTERN.
Ills.
New York and
Ne^ fork
1867,
Co..
Wilson, Colston
Co.,
Pollitz
STOCK AND BOND BROKERS.
169 liA 8AL.L.E STREET,
ChlcaKO.
W ii.r.iAM Wilson A sons. Established
1808.
"
Wilson, Colston &
OHILAOCLPHI*.
&
Co.,
STOCKI&— BONDS,
SOUTHERN.
6c Ci^.
IL.L..
Members New York Stock Exchange, Chlcaeo
Jamieson
Smith
B.
BANKERS AND BROKBBS
119-117 L.A 8ALL.E STREET,
CHICAGO,
INVESTMENTS.
160.
1
Bondr
Transact a general bankluK business.
Stocks and Local Securities.
Commerotal Pape
bought and sold on commission. Private wires t<
New York. Boston and Philadelphia.
Chronicle
Numbers Wanted.
Issues of Jan. 21 and 28, 1899.
Will pay 25 cents a copy for the above.
WILLIAM
B.
DANA COMPANY,
76^ Pine
Street.
@FedFRASER