Full text of Commercial and Financial Chronicle : July 30, 1898, Vol. 67, No. 1727

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Quotation Supplem ent (Mon%) .Street Railway Supplement
t e e s tons-Supplem ent (o^rteriy) State and City Supplement
I Entered according to Aot ot Congress, in the year 1898, by the W i l l i a m B. D a n a C o m p a n t , In the office of the Librarian of Oongres*. ]

VOL. 67.

SATURDAY, JULY 30, 1898.

Week ending July 23.

(L h ta m tX z .

C i.a r m s i a t —

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958.

07,379.208
4,781.500
2.127,924
1.397,213
1.^70,891
1.388,477
1.341,431
7i.\349
681,302
£97,719
111,485,074

—5 2
-493
+20 0
+68
2
+06
-2 5
- 8 '7
+10*7
-t-23 9
- 8 -6

81,363,100
5.463,300
2.206,087
1.403,90S
1.202.025
1,303.380
1,364.107
677.680
5S8.04 3
405,412
95,988,3:8

91.563,440
4 694,000
2.0f5 111
1.403 438
l.£ 92.fi 03
1.160,838
1,051,112
550 472
660.000
349.878
104,778 893

88 810,085
11,753.050
6,122,073
7.000.000
4,454,076
3.350.4O(
2.838.090
1.267.482
1,909 308
801,843
723,722
310,213
302,080
330,200
204.800
107,200
193,957
172,842
337,599
077,446
131,971,050

70,308,689
11.700,400
0.019.219
6,118.743
5,005,106
3.143,71.0
2.257,702
1.407,022
l,403,2k;4
001,093
021,099
310,293
208.531
203,000
170,241
191,709
147,141
180 995
*76,2i.0

+16 5
-0*1
+17
+ 25*8
-1 1 0
+08
+27 7
—9-9
+30-0
+212
+10*4
+1*8
-2 2
+25*0
+2U'0
+29*0
+31*3
-7*6
+22*6

79,074,916
11,009.260
5.013.C89
6,327,469
4.410,503
3,112,400
2,039.191
1,485-462
1.100,229
721,047
019,209
254,861
859.549
222,100
244,*77
207.820
174,01-3
170,490

81,766,040
11.742.800
0.433 001
0.834,128
3991,961
3.155,500
1,337 862
1 662.061
1,589,384
801,903

110.613,073

+J 3*2

117.611.721

120,174,673-

8an F r a n cis c o ..,
Salt L ake C ity ...
P o rtla n d ..............
Los A n g e le s .......
H e le n a ......... .
T a co m a ............... .
S eattle................
S p ok an e...........
F a r g o . . . . . ...........
Sioux F a lls ....... .
T otal P a olflo.,

12.675.987
1.400,263
1.342 170
1,235.029
470,909
600,000
1 172,767
795.752
103,931
96.249
19.953.057

14.U2.P80
1.001,7o«
1,024,429
1,214,142
4f 0,000
507,800
450,000
668,912
00,785
50,869
19,587,6 0

—10*4
+319
+31*0
+1*7
+17*7
-1-18*2
+ 100*0
+ 19 0
+ 109 7
+09*2
+ 1-9

10.830,824
1.053,092
1,118,001
928.377
008.842
495,588
600,000
387 808
154.171
50,970
15,673,739

11.373,141
1,080.490
938,212
976,805
590,474
660,400
026.000
870,060
119.613
40.131
10,672,037

K ansas C ity.
M in neapolis..
O m aha....... ••
St. P a u l.........
D e n v e r ..........
D a v e n p o r t...
St. Joseph ..
Des M o in e s ..
Sioux C i t y ...
L in c o ln ..........
W ich ita .........
T o p e k a ...........
F r e m o n t.......
H a stin g s.......
T o t. o t h e r W est.

9.900.214
6,004,716
6,481.207
8.488.227
2,468.08b
648 688
2.080,451
941,03*
699,053
i 50,324
427,560
015.185
70.185
95,822
83,818,008

7,927,070
0,143.001
4.404/-.88
3,119.652
2 123,101
487,430
1,058.148
829,307
491,863
308.5U
373,380
409.879
82,000
C5.077
27,983,395

+25*0
— 12 9
+2L'7
-4-10*2
+16*5
+ 11*5
+ 153 9
+13 8
1-4*3

7.995,680
5,774,191
4 490,415
4.625,151
1,880.341
460,402
032,792
703,435
358,380
320,184
248.833
428.357
87.992
65.210
28,312.985

8.988.380
4.949.787
2‘990.612'
4,876.417
2,493,68L

St. L o u is ...................
New O rlean s............
L o u is v ille .................
G a lv e sto n .................
H o u s to n ....................
S av an n ah .................
R ic h m o n d ................
M em phis...................
A tlanta................
N a sh ville..................
N o rfo lk -..- .............
Fort W o r t h ..............
A u g u s ta ...................
B irm in gham ............

25.247.928
23.910.778
0.315,072
6.380.5>-2
6,237,195
5,472.354
2,181,550
1.024,250
1,910,033
1,701.191
1,542,297
1,791,476
1,982.328
2.661.028
1,325,0*0
1.14 3,313
959.216
1.021.677
1.040.2V5
949,077
873,149
848,417
443,7 U
006,138
670 964
605,702
858.732
£60,573
307.509
365.490
327,090
267.938
168,C89
199,600
252.972
2P0.931
331 000
53 (.000
63,471,011 —19^6:9,1*7

46*6
+17-1
+ 1+0
+3+3
+ 8'6
—139
+33-7
+ 15*9
+0*5
4-9-0

Tfctal New Kng..,
C h icago......................

Cincinnati........ .
Detroit.......... .

Indianapolis.........
Peoria...... .............
Toledo....................
L e x in g t o n ................
K a la m a x o o ...........
A k r o n ........................

The following table, made up by telegraph, etc., indicates Bay City................
R o c k f o r d ..... . . . . . .
that the total bank clearings of all the clearing houses of Springfield, Ohio...
the United States for the week ending to-day, July 30, have CY ao unton.......................
n g sto w n ............
been $1,078,307,050, against $1,090,787,855 last week and E vansville*..............
Tot. Mid. West’r.
$1,028,250,418 the corresponding week of last year.

1898.

1897.

Per Cent.

CblOAgO.......................—................
S t. Louis........................................
New Orleans........ .......................

9524.857.592
70,567.595
51,618,800
14,100,376
73,817,013
20,070,087
4,555,970

9518,292,421
72,801,282
42,172,600
12,351,568
67,374,736
20,013.210
4,110,994

+1*3
-3 1
+ 2 2 -4
+142
+9*0
+0 3
+10*8

SeTen cities, 5 days...........
Other cities, 5 days..................

•759,587,433
186.019,426

9737,110.807
120,478,920

+3*0
+12*9

Total all cities, 5 d a y s ....
A l l cities, 1 day.........................

1895,606,859
182.700,201

9857,595.733
170,054,685

+Y4
+7T

Total all oities for w eek ..

11,078,307.000

41.028,250.418

4-4*9

New Y o rk ....................................
Boston............................................
Philadelphia.................................

The full details of clearings for the week covered by the
tbove statement will be given next Saturday. W e cannot,
Df oourse, furnish them to-day, bank clearings being made
ap by the various olearing houses at noon on Saturday, and
lenoe in the above the last twenty-four hours of the week
lave to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the pre­
vious week, covering the returns for the period ending with
Saturday noon, July 23, and the results for the corresponding
veek in 1897,1896 and 1895 are also given. Contrasted with
,he preceding week, there is a decrease in the aggregate ex­
changes of about one-hundred and twenty-two and a-half
million dollars, and at New York alone the decline is ninety
rod a-half millions. In comparison with the week of 1897
-he total for the whole country shows an addition of 1*2 per
le^t, Compared with the week of 189G the current returns
ecord a gain of 19*0 per cent, and the excess over 1895 is 18*2
er cent. Outside of New York the gain over 1897 is 6*3 per
ent. The excess over 1890 reaches 15*8 per cent, and making
MhparUaa wi*,i 1895 the gain is seen to be 10*3 per cent.

1895.

92.299,370
5,235,400
*.648,724
1.492.509
1.279,010
1.397,470
1,503.154
651,538
754,395
492,881
107,453,457

Dayton...................

CLEARING?.
Return* by Telegraph.

1890.

B o s to n ......................
P ro v id e n ce . . . . . . . .
H a r tfo r d ........ * . .
New H a v e n ..............
S prin gfield ...............
W o r c e s t e r ............ .
P o r tla n d ...................
Fall R iv e r ................
L o w e l l .......................
New B e d fo r d .........

Grand R a p id s .......

Week Ending TuiySO.

1808.
P . Cent.

0S0.200,419
60,388,479
19,803,808
17,402,551
3,529,633
2,060,440
1,426,718
988,922
805,297
091,046
321,200
744,009,412

Milwaukee..............

C LE A R IN G H OU SE R E T U R N S .

1897.

New T o r * . . ............
P h ila d e lp h ia ...........
P ittsb u rg ...................
B a ltim o re.................
B u ffa lo .......................
W a s h in g t o n ............
R o ch e ste r.................
S y ra cu se ...................
S c r a n t o n ................
W ilm in g to n ............
B in g h a m to n ............
T o ta l M id d le .......

C o lu m b u s .................

NEW YORK.

1898.

f
644.835.297
69.65S.382
23,105.465
15,315,269
3.910.195
1,814,935
1,287,761
934.079
916,132
683,912
309,700
753,059,117

C le v e la n d .................

B . D A N A C O M P A N Y , P u b lis h e r s ,

P in e S tr e e t, C o rn e r o f P e a r l S tree t,
i P ost Office

NO. 1727.

K n o x v i l l e ...................

L ittle R o c k ..............
J a c k s o n v i l l e .............
C h a tta n o o g a .........

M acon........................
T o ta l S o u th e rn .,

—2'3
+11-6
-U -3
+ 07
-2 2
+130
+12 4
. +5*8
-5 6
+12
+ 3-7
—1-3

+0

+ u ’»

+-0*7
3n
+47*2
+ 20*9

+503
+ l+ o

-0*2

4 31
-4-22*4
+ 20 0
+ ir 4
-30*0
+98

+12
Total all............. 1,090.737.855 1.078,017,162
O utside N. York
400,447*436 133,183,165 ~ +6*3
M o n tre a l..............
T o r o n t o .................
H a lifa x ..................
W in n ip e g ..............
H am ilton ...............
g t. J o h n .................
T o ta l C a n ada..

13,018 892
7.437,792
1,189.197
1,475 042
037,289
010,165
24,375 277

►N ot in clu d e d in to ta ls.

17.089,301
0 105.91+
1.104.107
1,839,980
540,011
693,929
22^231,120

$
•
9
515,969.052 62°.166,S20
67,110.283
60,367,583
15,989,737
J0.2G0.172
12.889.634
U.680,318
4.512,566
4,141.240
1,100.165
1.617,233
1,308,736
1.310,605
900,754
813,404
S39.C55
700.900
713,218
667.798
334,700 _____862,800
012,337,450 609,199,639

19,489.808
5,912.512
4,020,936
1,480.800
1,402.799
1,390,410
2,475,095
059.< 87
805.628
800,230
815,837
eO3,6O0
400.000
272.718
883.790
210,500
a 19+76
168,390

268.243
230,863
2S5,e81
2f4.fi 88
206.564
144.419
119.199

1,108.000
729,854
818.084
310,348
319.203
852,07047,745
05 902
27,051,689'
21,092,149
6,759.879
6,013,408
1,571,418
l,8P3.C6tf
1,606,054
2,800.000
1,404,132
811.819
724,590
835,607
400.000
410.000
890,779
225,192
230 973
200 676

41,866,681

44,880,292

9U.6S1.S37

922 731.073

397,712.785

4l7.566.ii52

+ 7 ’7
+10-1

10,987,734
0.189.0U

+10*1

1,097,358
690.157

11 142 28*
6,323,468
1,106.009
108,771
646,022

21^613,509

19.OS0.5CS

+170

-11*2
+9 6

e20,000

198

THE CHRONICLE.

[VOL. JLXNIJ.

address to the business meu who had a part in the
Indianapolis Convention calling their attention to the
more favorable sentiment prevailing now than when
On pages 228 to 232 will be found complete reports that convention was held with reference to currency
of the condition of all the trust companies in New reform. The change is evidenced by the progress in
York City and Brooklyn on June 30 1898, as com­ public opinion which has resulted in a measure of de­
pared with December 31 1897 and June 30 1897.
cided merit reported by the Banking and Currency
Committee to the House at its recent session. To pre­
OUR IN V E S T O R S ’ S U P P L E M E N T .
pare such a bill adapted to the conditions ruling is by
With this number of the C hronicle we send out no means an easy task. Any tyro can put together a
our usual quarterly number of the I nvestors’ S up­ dissected puzzle or a patch-work measure, which in­
plement . The S upplement contains the following cludes a good suggestion or two, the whole being pil­
fered from other plans afloat. But to make a work­
editorial articles :
P U N C T U A L IT Y OF PASSEN G ER TR A IN S.
able machine, fitted to deal with and unify the complex
ECONOM Y OF L A R G E FR EIG H T CARS.
monetary conditions past legislation has produced, is
A N E W M O TIVE PO W E R .
quite another affair. Still more of a task would it
M E C H A N IC A L OFFICERS’ ASSO CIATIO NS.
have been to secure from a majority of a committee of
T H E CO UPLER QUESTIO N.
fifteen, selected at the time the convention was held,
T O N N A G E R A T IN G OF LOCOM OTIVES.
out of any organized body of men, an agreement
N A T IO N A L IZ A T IO N OF S W IS S R A IL R O A D S.
R A IL R O A D AR B IT R A T IO N .
upon a currency bill; and especially would this be so
R A IL R O A D M E N ’S CLUBS.
if nearly every man on it, as was the case with the
^Banking and Currency Committee, came into the place
T E E F I N A N C I A L S IT U A T IO N .
of its first meeting bringing with him along-cherished
The week has been rendered noteworthy by events device of his own, some of tho plans sound and some
One member was actually so
and movements suggesting that the end of the war is thoroughly unsound.
drawing nearer. Spain— though in a somewhat in­ enamored with the conception he had evolved that ho
definite way— has made proposals for peace; that is, openly asserted ho would never .vote for reporting any
they are indefinite because without specifying the other but the measure he had prepared, and if any other
conditions her proposals contemplated. Such action were reported he would do hi3 utmost to defeat it.
of itself is of course not evidence of the end; but
With a committee made up of such material and
it is evidence of a growing conviction in Spain that starting with such varied opinions and prejudices the
the destruction of her fleets ha3 left her no other hope change is a remarkable one that has brought the ma­
o f saving any of her colonies.
jority to an agreement and to a plan that has so much
Besides it so happens that our military forces have to recommend it. And yet we believe that even this
during the week secured further important advant­ report comes short of being as explicit and direct in its
ages likely to emphasize the lesson our pre­ remedial features as the state of public opinion would
vious victories taught.
Monday evening a land­ warrant. The outlook is that tho elections the ap­
ing was effected at Guanica on the island of proaching fall will pronounce so decidedly in favor of
Porto Rico by the men and ships under the com­ sound money that a much shorter and simpler bill
mand of General Miles. Since then other troops than the one now before Congress will be finally
have reached the same destination, and such passed. That result was assured by the election in
steps have been taken a id advantages gained as to Oregon on the 6th of June. The gold standard
give promise that before very many days have passed question was fought out and settled on that occa­
not only San Juan but virtually the whole island will sion. It is a foregone conclusion that the next Con­
be under the control of the United States. A story gress will be by a decided majority in bot]y Houses for
has also come from Madrid that Manila has surren­ sound money. President McKinley and his excellent
dered. That statement, if not true to-day, is pro­ Secretary will then have the power, as they have
phetic of a consummation very shortly to be achieved. always had the will, to confirm the country’s gold
In addition to these events, localities in Cuba have standard and relieve it from all misgivings and un­
during the last ten days been occupied by our forces, certainties. We could hardly over-estimate the stim­
and movements have been carried forward which ap­ ulus that gift will prove to be to the country’s
pear to indicate that the lines aro being drawn steadily industries; and no one knows better than the
closer about Havana, and that its day is not far President and his Secretary what a rare privilege the
off. It is thus obvious that our army and navy are Administration thus has in prospect in the oppor­
busily engaged in the only way that can servo to de­ tunity of being instrumental in conferring it.
There are evidences of some improvement in the
velop the sentiment for peace which her proposal of
this week proves has begun to grow in Spain. No railroad rate situation. The war on passenger busi­
doubt it will develop rapidly as long as we continue ness to tho Pacific Coast, in which the Canadian
to harvest tho fruits of our former successes by gain­ Pacific is an interested party, has not yet been settled,
ing new ones. We may add, too, that unless a settle­ and the Southern Pacific, to 'meet the cut of the
ment is reached pretty soon it is not unlikely that Panama Line and tho clipper vessels, has just an­
what in a military way is now occupied or in process nounced still another reduced schedule of rates on
of being taken will give in outline the only terms of specified commodities from California terminals to
points on the Atlantic Coast. The latter war is just
peace which will bo granted by the public.
The situation disclosed above indicates that it is now going cm at a lively rate. But as against this
time the United States began to think of something there have been much more important steps in the
Thus
on
the 26th
freight
besides war. Peace is now in the air and the works of other direction.
peace demand attention. We are happy to see that rates west of Chicago were, in accordance with
t o , the former
Mr. H. H. Hanna has chosen the occasion to issue an previous agreement, advanced
REPORTS

OF TRU ST CO M PAN IES I N N E W
YORK AND BROOKLYN.

r*

J CLY 30, 1898.|

THE CHRONICLE.

tariff basis by all Western roads. One of the Chicago
papers in commenting on this action says the average
increase amounts to about 25 per cent, and on certain
commodities the advance is much greater. As an
illustration of the latter kind, the case of packing­
house products is cited; the rate in this instance has
been as low as 10 cents per 100 lbs. from Kansas
City to Chicago; the new rate is 23 cents. Then
also the action of the Trunk Line Executive Committee
at the close of last week, in declining to be parties to
a proposed reduction in flour rates from Minneapolis
to New York, from 20 cents to 174 cents, is suggest­
ive. It shows that tho trunk line managers are be­
ginning to recognize that rate cutting ha3 proceeded
far enough, and that an effort must now be made to
apply a corrective.
The anthracite coal situation, which has been the
cause of much uneasiness in recent weeks, appears
also to have taken a turn for the better. On Monday
a dispatch came from Chicago saying that the Dela­
ware Lackawanna & Western had instructed its West­
ern selling agents to advance the price of coal $1
per ton. It is in the West, it will be remembered,
that the most recent trouble has occurred, and the
advance here noted is a restoration to the prices
ruling before the trouble began. There was also a
meeting of the presidents of the anthracite com­
panies at the office of President Maxwell, of the
Jersey Central, on Tuesday, the 26th. The meet­
ing was called on the invitation of Mr. Maxwell and
President Olyphant of the Delaware & Hudson. The
gathering appears to have been wholly informal, and
it is not clear that anything definite was accomplished
beyond the reaching of an understanding that an ad­
vance in prices here in the East just at this time
would bo unwise, but that tho policy of restricting
the output as far as possible should be continued.
The moral effect, however, of these two events— the
restoration of prices in the West and the conference
of the presidents— has been very considerable. Pre­
viously the coal people talked in a very dis­
heartened way, and it really did seem as if there
was danger of a complete collapse. Now there is
again a more hopeful feeling. The problem which
the anthracite managers have to meet is notone easy of
solution. On account of the cheapness of bituminous
coal, this grade of coal is making constant inroads on
the market for anthracito. The statement of the coal
shipments over the Pennsylvania Railroad furnishes
an excellent illustration of the tendency referred to.
For the current year, from January 1 to July 16,
these shipments amounted to 12,570,994 tons, against
only 10,408,980 tons in the corresponding period of
the year preceding. The increase, it will be observed,
has been 2,162,014 tons. Of this increase only 48,998
tons was in anthracite, the rest in bituminous coal
and coke.
The latest advices from Washington indicating the
kind of money received for duties at the New York
Custom House [show 59-8 per cent ofjgold coin during
the first twenty days of July, against 67-7 per centjfcr
tho entire month of June and 73-5 per cent for May.
The falling off in gold is attributed in part to thejpaymenta o f this metal for the new bonds and also to the
^nailer receipts of domestic bcSJjon at the assay
offices. The Klondiko gold received at the SanjFrancisco Sub-Treasury and at the assay offices on’ the
Pacific Coast has not yet found its way Eastward in
any form to an appreciable extent, but it is thought

199

likely that later ou assay office checks for some
of this gold will make their appearance in this
city.. The bank statement last Saturday showed im­
portant changes.
Specie, consequent upon settle­
ments for the new bonds, was decreased $9,124,900,
making $18,428,700 since July 2; legal tenders fell off
$1,343,300, or $2,759,300 since the above-named date.
Loans showed a loss of $4,907,600 for the week and de­
posits decreased $16,457,500. The surplus reserve
now stands at $13,012,000, against $62,206,250 June 25.
These somewhat violent changes in bank conditions
had no influence upon the money market this week.
Money on call, representing bankers’ balances, loaned
generally at 14 per cent, with moderately large, though
infrequent, transactions at 14, and very few at 1, and
the average for the week was about 14. Banks and
trust companies quote 14 per cent as the minimum.
Though some time loans have been made at 3 and at
34 per cent for six months on exceptionally good col­
lateral, these are not regarded a3 reflecting the condi­
tion of this branch of the market, and quotations are
24 per cent for sixty to ninety days, 3 for four
to five, 3@34 for six months, and 34 for longer peri­
ods. The demand is small and the supply is ample
for all requirements, though lenders are not pressing
their offerings. The business in commercial paper
is moderate and chiefly confined to choice names,
while the supply is good for the season. Rates are 34
@3J per cent for sixty to ninety day endorsed bills re­
ceivable, 3J@44 for prime and 44@54 for good four
to six months’ single names.
About the only important feature in the European
situation this week has been an advance in London
discount rates, due to a movement of gold to the Con­
tinent and also' to the fall in our exchange rates to
figures close to the gold-importing point, accompanied
by a small withdrawal (£10,000) of the metal for ship­
ment Hither. The presentation by Spain, through the
French Ambassador, on Tuesday, of overtures for
peace had a decided influence upon the European mar­
kets on Wednesday, causing a sharp rise in Spanish
4 per cents.
The Bank of England minimum
rate of discount remains unchanged at 24 per
cent. The cable reports discounts of sixty to
ninety-day bank bills in London 1 4 @ lf per cent.
The open market rate at Paris is lf@ 1 4 and at Berlin
and Frankfort it is 34@34 per cent. According to
our special cable from London the Bank of England
lost £961,807 bullion during the week and held £35,283,046 at the close of the week. Our correspondent
further advises us that the loss was due to shipments of
£425,000 net to the interior of Great Britain and to
exports of £537,000, of which £395,000 were to Hol­
land, £127,000 to Russia, £10,000 to tho United States
and £5,000 to Peru.
The foreign exchange market has been more active
this week with a downward tendency until Wednesday,
when the tone grew firmer. Bankers have apparently
become accustomed to the operation of the new rev­
enue tax and they are 'more disposed to make rates
than they were during the early part of the month.
This will account for some of the activity.
The
market is also influenced by comparatively large offer­
ings of grain futures and of spot grain bills, as well as
by the customary supply of provisions drafts; doubtless
there is also more or less speculation in commercial bi^Ja
in anticipation of lower rates which will result from
the movement of cotton. This movement is expected
to be earlier Chau usual this season. The engagemen

THE CHRONICLE.

200

of £10,000 gold in London on Wednesday for ship­
ment to New York was a feature of the week. The
Bank of British North America, which ordered the
consignment, made the engagement when discounts
in London were about 1 per cent and before there was
any attempt to advance the price of gold in that
market. The fact that this bank, as well as some
other Canadian banks, have been operating in bills
drawn in the Dominion on London, which bills are
not subject to the new revenue tax, gives these insti­
tutions the advantage over other exchange drawers in
covering gold importations.
The range for nominal rates for exchange opened
on Monday at from 4 844 to 4 85} for sixty day and
from 4 S6 to 4 87 for sight, and the market was easy,
with a decline of one-quarter of a cent in rates for
actual business compared with those at the close on
Friday of last week, to 4 8 o}@ 4 83f for long, 4 -85@
4 85} for short and 4 S5}@ 4 85} for cable transfers.
On Tuesday free offerings of commercial futures and
of some spot bills against grain made the market
weak, and the range for nominal rates was from 4 84}
to 4 85 for sixty day, and from 4 86 to 4 86} for sight.
During the day bills were sold at a reduction of
one-quarter of a cent compared with the rates
for actual business on the previous day, hut towards
the close a demand to remit for sugar settlements
made the market steadier, and it closed at Monday's
rates. The tone was irregular on Wednesday, long
sterling being easier in consequence of higher dis­
counts in London, and cable transfers firmer because
of the pending settlement on the London Exchange.
Though nominal rates were reduced by some of the
bankers without, however, altering the range, no
change was made in rates for actual business;
neither was any alteration made on Thursday, the
market then closing easy for long and steady for short
and for cable transfers. On Friday rates for aetuaj
business in long were reduced one-quarter of a cent.
The following shows daily posted rates for exchange
by some of the leading drawers.
D A IL Y POSTED RATES FOR FOREIGN EXCHANGE.

Fr i ..
MON., Truss., WJD.. t h u r ., F r y .
July 22 July 25. July 26, July 27. July 2L July 29.
85
96
85
days.
84*
84*
84*
Brown Bros....... (60
86*
80*
( Sights.
80*
86
80
86
85
85
85
85
J 60 days.
65
Baring,
85
SO*
86*
M&gotm & Co.. ( Sights.
86*
88*
80*
86*
SB
85
560 days,
Bank British
§4*
84* • Six
w
sen
86
80
No. America.. \Sight....
80
86*
86*
85
(60 days,
51*
Bank of
°± x
§4*
§4*
84*
80
86
i Sight....
80*
Montreal
86
88
80
85
85
85
C a n a d ia n Bank (60 days,
85
84*
86*
86*
of Commerce.. i Sight....
86*
BGX
86
80
86
01*
Heldelbach, I.ck- 5 00 days.
SB
84*
84*
§4*
86
elheimer & Co } Sight ...
80*
86
Em
80
86
85
180 days.
84*
84*
84*
84*
*4*
L az& rd Freres... <Sight....
86
86*
86
80
86
86
85*
Merchant?' Bfc. t 60 days.
86*
84*
84*
04*
§4*
87
87
of Canada..... 1 Sights..
86
3u
8«
86

The market closed steady on Friday, with rates for
actual business 4 83}@ 4 83} for long, 4 85@4 85} for
short and 4 85 }@ 4 85} for cable transfers; prime com­
mercial 4 82}@ 4 83 and documentary 4 82}@ 4 82}.
Cotton for payment, 4 82 }@ 4 82}; cotton for accept­
ance, 4 82}@ 4 83, and grain for payment, 4 82}@
4 82}.
The following statement gives the week's movement
money to and from the interior by the New York
banks.
Week Ending July 29,1898.

© O ld...'................. ...........................
Total gold and lerat tenders.,...

Received by Shipped by
N. Y. Bank*. N. Y. Bank*.

Net Interior
Movement.

15,182,000 $1,828,000 Gftm.$3,354,000
822,000
622,000 Gain. 200,000
•0.001,000 *2,460.000 Gain.$3.554.000

With the Sub-Treasury operations the result is as
follows.

[VOL, liXV II,

TF#ek Ending July 29, 1898.

Into
Bank9.

Out of
Bank.a.

Net Change in
Bank Holdings.

Banks’ Interior movement, as above $6,004,000 $2,150,0001 Gain ,$3,564,000
17,400.000 20,400,000 Loss, 3.000.000
Total gold and legal tenders....... $23,404,000 $22,850,000 Gain. $554,000

The following table indicates the amount of bullion
In the principal European banks this week and at the
corresponding date last year.
July 29, 1897.

July 28, 1898.
Bank of
England.......
France........
Germany......
Russia......
A.ust.-Hung’y
Spain......... .
Italy........... .
Netherlands.
Nat. Belgium.

Gold.

Silver.

Total,

£
&
£
35,283,046
35,3.046
74,878,817 49,521.884 124,399,041
23.511.000 11.698.000 43.199.000
110,819.000 4.320.000 114,619,000
35.064.000 12.037.000 47.701.000
10.213.000 5.888.000 15.551.000
14.783.000 1.899.000 16,682,006
3,701,000 6.928.000 10.629.000
2,P49,000 1.474.000 4,423,000

Gold.

| Silver.

JS
£
36.018,462
80,776.530 40,060,435
29.351.000 15.120.000
93.004.000 4.582.000
87.010.000 12.060.000
8.938.000 10,720.000
15.154.000 2.573.000
2.632.000 6.943.000
2.780.000 1.300.000

2otoh
1

36,018,46?
129,830,96L
44.471.000
97.580.000
49.670.000
19.703.000
17.726.000
9.575.000
4.170.000

Tot.this week 315,711.303 96.804.824 412.516,087 300,308,998 103047425 409,356,423
Tot. prev. w’k 316,640.070 96.177.824 412.818,494 305.3C1.673 10S280357 409.082.030*

M I L I T A R Y L E S S QMS O F T H E W A R .

It has been freely admitted by foreign observers
that the United States rarely lays its hand in earnest
to a given task without developing some new and useful
principles in the undertaking. It was their conscious­
ness of this fact which lent in the eyes of foreigners
so particular an interest to the pending land and sea
contest. The war has now been carried to a stage
where it is possible to present with assurance some of
these new conclusions.
The contest between Japan and China, in 1894 and
1895, was not regarded by experts as establishing many
important principles of modern naval warfare, chiefly
because of the utterly Incompetent management of the
Chinese fleet. The annihilation of the Chinese fleet
at the Yalu River, m September 1894, did indeed
show the value of rapid change of position by war­
ships about an antagonist in line of battle ; but this
demonstration added nothing to what had been dem­
onstrated long before at Trafalgar, or, for that matter,
at Actinm. Moreover, the Japanese fleet, though it
destroyed the opposing vessels, was itself so badly dam­
aged in the action as to be placed virtually out of com­
mission. If the Yalu battle proved anything, it seemed
to be that a sea fight between two fairly matched and
equally well manoeuvred fleets of modern ironclads
would result in the destruction of both. This conclusion
was the more readily drawn from the Chinese war,
because of the very successful use of torpedoes by the
Japanese in attacking the hostile fleet. That partic­
ular experiment with the sea power, it will be remem­
bered, was instantly followed by the wholesale con­
struction of new torpedo craft for the navies of the
strong maritime States. Even at the opening o f the
present year, Great Britain had under construction no
less than fifty-two of the so-called torpedo-boat de­
stroyers.
But the two serious naval battles of the SpanishAmerican war have in the first place apparently- upset
the theory of the torpedo boat's peculiar value. Nothing
has been accomplished on either side by these vessels.
They were sunk with little difficulty by Admiral
Dewey’s fire at Manila; at the Santiago battle of July
3 two of the best torpedo-boat destroyers of the
Spanish navy were annihilated in twenty minutes by
the little unprotected auxiliary yacht Gloucester, and
they inflicted no injury whatever in return. Between
these two engagements the St. Paul, acting merely as
ocean scout, disabled and defeated off San Juan, with
no injury to herself, the Spanish torpedo craft which

J uly 30, 1893 J

THE CHRONICLE.

had undertaken to attack her. The record of failure
in the use of these vessels by the Spaniards is there­
fore quite unbroken. On our own side no serious
effort seems to have been made to use this class of
vessels.
But what the war ha3 demonstrated in the matter
of naval tactics, even in these very contests with the
torpedo craft, is the supreme value of prompt, con­
tinuous and very heavy fire by the attacking ships. On
its face the usefulness of this policy would seem to be
self-evident; but it has certainly never been employed
with 3uch efficiency in any previous naval combat.
The testimony of the Spanish commanders, both at
Manila and at Santiago, i3 that their men were simply
blinded and overwhelmed by the violence of the fire
from the hostile ships. The achievement of the Iowa,
which fired upwards of 1,500 shots in fifty minutes
during the Santiago engagement—an average of
thirty shots a minute—gives some opportunity
to judge the nature of the combat.
It is
true, as the official reports have pointed out, that the
Spanish fire, as usual, wa3 not well directed; yet the
Iowa wa3 struck twice and the Brooklyn a much
larger number of times, showing that the Spanish
gunners had at least been able to obtain the range.
But the concensus of testimony is that the continuous
violence of the American fire simply drove the Spanish
gunners from their posts. In other words, to use an
expression ordinarily applied to army manoeuvres, the
position of the hostile battery was rendered untenable.
The obvious conclusion from this feature in the Amer­
ican naval tactics is that the battleship, which com­
bines in itself, beyond any other class of vessels, fa­
cilities for a heavy floating armament, is the warship
•of the future.
Aside from the power of heavy and rapid fire, for
which the battleship is primarily constructed, the ques­
tion of swiftness in navigating these formidable vessels
is now seen to be a strategic point of the first import­
ance.
But for the development of speed beyond
what had been anticipated by the Government in its
newer battle-ships, some at least of Cervera's fleet
would have escaped destruction. Our own Navy De­
partment has quickly recognized the need of this
quality by raising its speed requirement in the case of
new war-ships now being built. It is rather interesting
to observe that as these questions of speed and fire
have risen in importance, the question of coal sup­
plies, which a few months ago were thought to be the
strategic discovery of the war, has dwindled. The
absolute necessity for an ample coal supply at home
has of course continued to be recognized. But the
Oregon's exploit in rounding Cape Horn on its jour­
ney to the West Indian fleet, and the general under­
standing that if the mooted attack on the Spanish
squadron in Spanish waters had been carried out, the
question of a “ coal base” would not have been at all
embarrassing, have combined to reduce this fuel
problem to a place of minor importance.
In short, it may be 3aid that the essential naval les­
sons of the war are, first, that the most thorough drill
and training of the gunners is indispensable, and,
second, that the key to naval victory i3 a floating
armament of the largest possible firing capacity com­
bined with the greatest speed attainable. From the
naval constructor’s point of view, these conclusions
point no doubt to continuously enlarged expense in
the annual outlay for a first-class navy. What is in­
volved in such deductions may be judged from the

201

prompt declaration of the British Admiralty that it
must have a supplementary fund to duplicate all addi­
tions to the most formidable Continental fleets; the
theory being frankly proclaimed that England’s fleet
must equal in numbers and in power any two other
fleets which might conceivably be brought against it.
In the present mood of militant governments, and
with the experience of the Spanish war before the
naval boards, it is not easy to guess what the end of
this will be. Certainly the theory held not long ago
that the development of the torpedo might be ex
pected to check the wholesale construction of expens
ive vessels, is not confirmed by this war's experiences.
The lessons taught by our army manoeuvres thus
far are naturally of a different kind.
We have
hitherto discussed the conclusions to be drawn regard­
ing the efficiency of a volunteer army, au dit is note­
worthy that during the past week some competent
European critics have expressed similar views—going
so far, in the case of the English writers, as to declare
that an American volunteer army could be drilled
into such effectiveness, before any invading force
could reach our shores, as to cope with any force
which could be brought against us
It will not be
forgotten that the test of Santiago was most exacting,
from the very fact that tactics planned with the fore­
sight and precision of the Prussian campaign of
1870, for example, were impracticable. It has been
obvious enough that our army in South Cuba lacked
’the elements of a military machine, such a3 the Ger­
man army styles itself. But the weakness of a machine
made up of human beings is that the indi­
vidual dash and spirit is checked,
if not
suppressed. The magnificent charge of July 2 up to
the heights commanding Santiago was not such
work as a military machine could have readily under­
taken; it was not even an outcome of protracted dis­
cipline; it was, as the participants have quite gener­
ally described it, a “ fight of squads.” Under certain
conditions it will be admitted that the thorough
training of a standing army would be difficult to re­
sist by a relatively untrained force, even with such
individual spirit. Yet it must not be forgotten that
the brilliant assault at Santiago was made in the face
of trained regulars in intrenchments and protected by
artillery, and that the defenses vvere carried simply by
the violence of the assault.
That our troop3 were well commanded and that the
strategy at Santiago was sound is, we believe, quite
generally admitted. Whether, the mistake was made of
under-estimating the enemy’s resisting power will prob­
ably always remain a matter of military controversy;
but from a purely strategic point of view it is now
unanimously admitted that Santiago was doomed from
the time that General Shatter’s artillery was estab­
lished along the rear communications of the city.
There are, however, some very serious lessons in the
Santiago campaign which we sincerely hope will be
applied in the movement on Porto Bico. It is
nothing unusual for the commissary department to
break down in some degree in any campaign under­
taken after a prolonged period of peace. Towards
the close of the Santiago campaign there was certainly
much improvement in this regard—arisiug, doubtless,
both from better work by the quartermasters and from
a clearer apprehension of their rights by the volunteer
officers.
But in its medical and surgical department the same
melancholy lesson has been taught at Santiago as was

202

THE CHRONICLE.

[VOL. LX V II.

taught forty-four years ago in the Crimea. We base our wholly abnormal on account of the intense depression
judgment of this matter, as we believe the general which the country experienced following the panic of
public does, first on the very disheartening reports of 1893. The set-back then encountered was quickly
the army correspondents; second, on personal letters overcome, and now our production is at such a rate that
from army officers— who are unanimous in condemn­ it seems safe to say that we have permanently dis­
ing the hospital arrangements—and third, on the tanced Great Britain.
statement made this week by Surgeon-General Stern­
We are led to these reflections by the appearance this
berg himself, purporting to defend the medical service week of the compilations of the American Iron &
of the army. We certainly gather from this last- Steel Association showing the production of iroa for
mentioned official statement that the supply of en­ the first half of the current year. To say that all
listed surgeons was deficient, and that the additional past records are broken in the magnitude of the total
help engaged might have been and in some cases prob­ shown for these six months is to make a statement for
ably was incompetent. As a matter of fact the surgeons which every one, we are sure, was fully prepared. In
at the front were physically unable, with their limited truth, the monthly reports of the “ Iron A ge,” to
force, to deal properly with the wounded, and a most which we have referred from time to time, had left no
shocking situation resulted from the consequent de­ room for doubt on that poiut. Still the statistics of
lay. To say in extenuation of such conditions that the Iron & Steel Association give one a new idea of
not enough surgeons were at hand is merely, it seems the extent to which we are now turning out iron.
to us, to confess judgment in the whole matter. It According to these statistics (compiled, of course,
was the business of the medical department of the under the direction of Mr. Jame3 M. Swank,
army to see that the most extreme emergency was who has so long been an authority in the trade),
provided for; and hut for a sentiment against volun­ the United States produced nearly six million tons of
teer surgeons, familiar in every war, we are convinced iron in the half-year ending on June 30 last— in exact
that such provision would have been easy. To subject figures 5,909,703 tons. This compares with 5,249,204
an army in the field to hunger or hardship may some­ tons in the half-year immediately preceding, with
times be unavoidable; but to deny them prompt and 4,403,476 tons in the first half of last year, and with
efficient surgical attendance after battle, when the 3,646,891 tons in the last half of 1898. In other
base of supplies is near at hand, admits of no excuse.
words, there has been steady and large growth through
We are inclined to take the same view regarding every half-year since the Presidential election of 1896.
We present below the record of the pig iron produc­
the controversy of the army surgeon staff with the
Red Cross Association. This organization long ago tion by half-year periods since the beginning of 1886.
earned its right to recognition; its founders were It will be observed that prior to the present year
in fact the organizers of the entire system of army it only happened twice in any period of six months
nursing as it now exists. Its work has been the that we made as much as five million tons, while now
one humane spot in the barbarities of modern war. at 5,909,703 tons we are not far from the six-mil­
This being true, we have found it difficult to under­ lion mark. It will also be noted that in the initial
stand the hostile attitude assumed towards this organ­ year of the period, namely 1886, the output for the
ization from the first by the medical staff of the whole twelve months was less than for the six months
regular army. That the nurses and doctors must be of this year.
P R O D U C T IO N O P P IO IR O N IN H L i.L P -T E l.R L Y P E R IO D S .
under the strictest orders of the commanding army
Gross Tons.
Gross Tons
officers will be of course assumed. That women are 1886- 1st half...................2,837,682
1893— 1s t half.............. 4,562,918
2d half................... 3,045,612
2d
h
a
lf______2,561,584
not fitted for personal service as nurses on the battle­ 1887 1st half................... 3.049,294 1894— 1 st half...............2,717,983
h a lf................... 3,367,854
2d half................... 3.939,405
field is very likely true. But to discourage the or­ 1838—12d
st half..................3,020,092 1895— 1st half............... 4,097,558
2d
half....................3,469,646
2d
U n it..................5,358,750
ganization’s offer of hospital work behind the army, 1889—
1st half........... 3,661,603 1896— ls t h a l f ............. 4,976,238
2d
hair...................
3,942,039
2d
h a lf....................3,646.891
when heavy fighting and yellow fever were threatened 1890—
1st half............1,580,513 1897— 1st half................4,403,476
2d
half....................4.612,199
2d
h
a lf................... 5,249,204
from the start, is a pplicy not easy to defend. We do 1891— 1st half............3,368,107
1898— 1st half................5,909,703
2d
hair....................
4.911.763
not doubt that the weaknesses disclosed iu the army’s
1892—
1st half.............1,769,683
2d h a lf....................4,387,317
regular hospital service will be repaired as a result of
the lessons of Santiago ; but it may be an equally
At 5,909,703 tons for the six months, the output is
valuable lesson if our military authorities learn not to at the rate of twelve million tons a year. There was
ignore, in so vital a matter as care of the wounded, towards the close of the half-year some slight falling
any competent volunteer service which does not in­ off in the rate of production, judging from the monthly
terfere with the movements of the army.
records of the “ Age,” so that just now the country is
not up to the full maximum figures. But the fact
G R O W IN G M A G N IT U D E OF IR O N
should not be overlooked that we actually produced
PRODUCTION.
over 11 million tons in the twelve months ending .June
The marvelous industrial development which has 30 1898, this result being obtained by combining
been going on in the United States in recent years is the production for the first six months of this year
in no department so strikingly illustrated aB in that with that for the last six months of last year, in which
of the production of pig iron. Not so very long ago way we get a total of 11,158,907 tons. The United
this country ranked behind Great Britain as a maker Kingdom has at no time made quite 9,000,000 tons of
of iron, though this simply means that in our onward iron a year, from which the extent of our present pro­
march we bad not yet passed the country which had duction becomes apparent.
long held the place as the largest iron producing
There seems to be some difference of opinion as to
nation in the world. In 1890 wo for the first time ex­ the actual total capacity of the furnaces in the United
celled the United Kingdom iu this particular, and States— that is, as to the aggregate amount of iron the
since then there has been but one year when our make country could turn out. Some parties hold that we have
of iron has been less than the out-put of that country. nearly attained the maximum, and that no material
The year referred to was 1894, when the conditions were addition can be looked for under any reasonable

July 30,

THE CHRONICLE.

1898.]

probabilities. Of course it is admitted that much
depends on price. The fact that the exceptional pro­
duction now recorded has been reached in face of
very low prices rather encourages the inference that
an advance in price would act as an inducement for
many furnaces now idle to start up. The “ Iron Age ”
is not inclined to accept this view. In his Directory
to the Iron and Steel Works of the United States, Mr.
Swank makes the aggregate furnace capacity
19,081,587 tons per annum. He says that if he
were to use his own judgment he would promptly
class some of these furnaces as abandoned,
but he is obliged to keep them in his list because their
owners insist that they are in good condition and not
abandoned. But he has made a careful calculation of
the capacity of the furnaces that were either in blast
in April last, or which could then have been readily
put in blast, and in this way he gets a total of 17,239,100 tons per annum. The “ Age,” as already said,
insists that no such output could be reached under
any conceivable set of conditions likely to arise. On
the other hand, the margin between 12,000,000 tons,
the current rate of production, and the l ? i million
tons which Mr. Swank thinks the furnaces might turn
out under favorable conditions, is a wide one, and
there seems little reason to doubt that the existing fur­
naces can meet all possible demands.
It is worth noting that with the largest make of
iron ever reached in any six-months period in our his­
tory, unsold stocks, according to Mr. Swank, really
fell off. He reports them, including the amounts
held in the warrant yards of the American Pig Iron
Storage Warrant Company, at only 756,336 tons June
30 1898, against 874,978 tons December 31 1897, a de­
crease of 118,642 tons. Adding this to the produc­
tion for the six mouths, we find that the amount of
iron actually consumed during the half-year was evi­
dently in excess of six million tons, being 6,028,345
tons. In the following we compare production and
consumption for the first half of 1898 with the same
items for the first half of other years.J
CONSUMPTION- O F DO M ESTIC P IO IK ON IN U N ITED STATES.
G ross T on s o f 2,240 L b s.

F ir s t S ix M on th s.
1808.

1897.

1890.

1895.

1894.

1893.

P r o d u c t i o n ......................... 5,909,703
•118,842

4,403,170 4,970,230 4,087.558 2.717,983 4,502.918
43,215
125,992
199,715 *140,73? *131,452

C o n s u m p t io n .............. 0 ,0 2 -3 4 3
• D e cre a se .

4,277.484 4,770,521 4.228.290 2.849.435 4,519.703

We also append a statement to show the make of
iron according to the kind of fuel used in its produc­
tion. It will be seen that practically growth is en­
tirely in iron made with bituminous coal and coke.
P R O D U C T IO N O F IR O N A CC O R D IN G T O F U E L USED.
F irst S ix M on th s.

1898.

1897.

1898.

1895.

1894.

B l t u m in ’u s c o a l & c o k e
M ix e d a n t h r . & c o k e )
A n t h r a c it e a lo n e . . . . >
C h a r c o a l ............................

5,127,491 3.814,882 4,155,528 3,497,078 2,203,239

T o t a l ............................
U n s o ld s t o c k s —
J u n e 3 0 ..............................
D e c e m b e r 3 1 ...................

1893.
3,470,414

035,209

47?,837

0 -4 ,0 1 1

487,479

412,017

855,234

147,003

121,757

1 30 /97

103,001

102.097

237.210

4,403,470 4,970,230 1,(87.55? 2,717,983

4,562.918

575,806
0 0 1 /2 8

578,831
707.318

750,330

973,078
874,978

705,817
847,080

5 2 0 .5 9 '
500,132

N o t e —In above stock* a-o included amount* reported held by the
American Pijr Iron Htorape Warrant Company.

One striking fact attending the development of iron
production in the United States should not escape
notice. Mr. Swank points out that only 19 States
made pig iron in 1897 and in the first half of 1898, the
smallest number recorded in the history of the Amer­
ican Iron and Steel Association and the smallest num­
ber since about 1830. Hot many years ago there were
twenty-five States and Territories that were making
pig iron. Six of these have dropped out com­

208

pletely, and notwithstanding the growth in aggregate
output nine of the nineteen States remaining in the
list made less iron in the first half of 1898 than in
the last half of 1897. These States are Massachusetts,
Connecticut, Hew York, Hew Jersey, Maryland, Vir­
ginia, Georgia, Texas and Tennessee. Mr. Swank
truly says that the tendency of the pig iron industry
toward consolidation and centralization in the most
favored localities explains the complete abandonment
of the industry in many States.
C H IC A G O & N O R T H W E S T E R N I N A Y E A R
O F P R O S P E R IT Y .

The annual report of the Chicago & Horth Western
Railway indicates in a striking and rather impressive
way what a record the great railroad systems west of
Chicago are able to make in a year of prosperity.
The showing is a gratifying one from every stand­
point, and the results disclosed afford added evidence
of the strength of the properties in that part of the
country. Of course there is nothing new or sur­
prising in the exceedingly favorable outcome for the
twelve months which the report reveals.
Indeed,
just such an outcome was foreshadowed when in the
review of the business for the previous fiscal year we
saw what a satisfactory exhibit the company had been
able to make in a year of depression.
It would be a slight exaggeration to say that the
year had been one of unalloyed prosperity. There
was certainly one adverse element of considerable
prominence—namely, the unsatisfactory rate situa­
tion. But barring that, the conditions were prac­
tically all favorable. The large crops and the excel­
lent prices for them which the agricultural classes
were able to obtain were of course a prime factor in
this conjunction of auspicious events. And when we
speak of the effects of large crops we have in mind not
merely the increased grain traffic which accompanies
such a development. There is an attendant con­
dition which frequently is of even greater im­
portance. We refer to the improvement in the
position of the farmers which abundant crops work
— where the producer is able to find a market
for them. Such a situation means that large numbers
of the population are netting a good return as the
result of their toil, this in turn means considerable
trade activity in the West where the agriculturalists
constitute the bulk of the population, and that means
very liberal purchases of goods and supplies by these
people, leading to a growing interchange of commodi­
ties with the rest of the country, and giving to the
railroad transportation lines a large traffic in mer­
chandise and in general and miscellaneous freight.
On the present occasion the benefits accruing in this
way were emphasized by the fact that the farmer in
the late year found not only an active but a very un­
usual demand for his products, and as a consequence
was able to realize the best prices he has been able to
obtain for years. This applies more particularly to
wheat, but even in the case of the other cereals the
prices received were good, though not exceptional.
In brief, then, the farming classes enjoyed such a
period of prosperity as falls to their lot only on very
rare occasions.
There remains to be considered the influence of
general trade activity all over the United States in its
relation to the traffic of the Western roads. This, it
may be thought, is an element of little consequence
to the lines west of Chicago, since there are no con-

2 0 1

T1IE CHRONICLE.

j v ox., l x v i l

sidorable manufacturing districts in that part of the senger movement. In the number of passengers car­
country. As concerns tlie general ‘elfeets accompany­ ried the increase over the previous year (when the
ing manufacturing activity, it may be admitted that total was the smallest since 1890-1) was only 1 56 per
west of Chicago the influence referred to plays a less cent, in the number one mile 5-70 per cent.
The expansion in tonnage, it is needless to sav, has
important part in the affairs of the roads than it does
east of Chicago. And yet the different sections of been attended by marked addition to the revenues of
the country are so closely connected that a benefit of the system. Notwithstanding a very decided decline
this kind operating in one section is sure to he felt in in the freight rates, to which we shall presently ad­
the other sections, even if not to the same degree. In vert, and also a decline in the passenger rates, gross
the Chicago & North Western case, as it happens, there earnings increased over five million dollars ($5,073,is one large item of traffic which fluctuates directly 317) as compared with the year preceding, making
with the growth or contraction of activity in the gen­ them decidedly the largest in the history of the com­
eral range of industries.
We hare in mind the pany. The loss the previous year had been only about
large traffic in iron ores carried from the mines 24 million dollars. A feature in that year was the great
in Northern Michigan and Wisconsin to the head of reduction in the expenses, offsetting 14 millions of
the Great Lakes. We showed twelve months ago the loss in the gross, and leaving a falling off of only
how business depression had operated to reduce about a million dollars in the net. We made a care­
the volume of this traffic during the previous ful analysis of the expenses at that time and showed
fiscal year. Vice versa, in the late year it is reasonable that the outlays for repairs and renewals, though less
to suppose that the same traffic again underwent than for some other years, had been apparently ade­
quate and up to the average. We suggested however
great expansion.
Speaking in a broad way, industrial affairs in the that it would not he surprising to see these outlays
late year did not progress to the extent expected. The again very materially increased with an expansion- in
development was not even or uniform, and some lines the revenues of the company. This is precisely what
of trade hardly shared at all in the improvement or happened in the late year. With $5,073,317 aug­
expansion. Still the volume of business was greatly in mentation in gross .receipts, expenses were added to
excess of the previous twelve months. In the iron trade in the sum of $3,807,064.
Necessarily, with a larger volume of traffic to
the expansion proved to be of unusual dimensions, the
output of pig iron rising to figures never before move, an increase in the total of operating expenses
attained. To make the iron, ore of course was neces­ was inevitable in any event. But we find that out of
sary, besides coal and limestone. The last two con­ the $3,807,664 augmentation in expenses, only
stituents are not supplied from along the line of the $1,676,579 was under the head of Conducting Trans­
portation, with 8115,264 more increase under Taxes
Chicago & North Western ; the iron ore is.
We cite these facts to show that there was not and General Expenses. I11 other words, $2,015,821
merely one favoring circumstance, hut many favoring of the 83,807,664 augmentation in expenses represents
circumstances. We are not able to indicate the enlarged outlays for Maintenance of Way and Struct­
changes from the previous year in each class of traffic. ures and for Maintenance of Equipment. The com­
The company’s report does not, as a rule, contain this pany spent on the equipment in the late year
item of information, and the present time the report $4,245,533, against only $3,033,188 in 1896-7, the
is issued earlier than usual, and as yet we have had addition thus being almost 40 per cent, and for
only that part of it containing President Marvin Maintenance of Way and Structures $4,946,494, against
Hughitt’s remarks. That the improvement has been $4,143,017. Commenting on this, President Hughitt
large and general, however, is shown by the uotable says that these expenditures have greatly improved
growth in the volume of the total tonnage. This total the physical condition of the property, increased its
tonnage is reported at 19,693,634 tons for 1897-8, facilities for doing business and permanently added to
against only 15,225,138 tons for 1896-7. In other the safety and economy of operation.
The figures given, large though they are, do not
words, there was an increase of nearly 41 million tons,
or almost 30 per cent (29-35 per cent), in this period of reflect in fall the additions and renewals made. In a
twelve months. In the tonnage movement one mile number of cases the expenditure of a given amount
he addition was yet more striking, the gain here being of money really represented a greatly increased amount
34-45 per cent, the tons carried one mile rising from of work clone on account of a drop in the price of the
materials entering into the work. Take the item of
2,254 millions to 3,030 millions.
Of course this increase follows a falling off the new rails purchased and laid in the track. This item
previous year, hut in actual tons moved the loss then actually counted for $130,552 less than in the previous
was only 1,857,251 tons, against the present gain of year, being reported at $429,010 for 1897-8, against
4,468,496 tons, and in tons one mile the loss was but $559,562 for 1896-7. Yet as a matter of fact the
118 millions, against the present increase of 776 mil­ smaller outlay for 1897-8 covered 23,554 tons of new
lions. As the traffic in 1895-0 (with which we com­ rails, while the larger outlay for 1896-7 covered only
pared in the previous year) had been the largest 19,222 tons— that is, with a diminished amouut o f
recorded up to that time, it follows that in the late year money the company was able to put flown an increased
the company carried over 24 million tons more freight amount of rails. In 1896-7 the average cost of the
and over 658 million tons more one mile than ever rails to the company was a little over $29-00 per ton,
before in its history. But while the freight business in 1897-8 it was not quite $18-25 per ton.
Bearing in mind the lower prices not only in this
has been of unprecedented magnitude, the passenger
traffic has shown only very slight recovery, and this case but in the case of some other articles, the
confirms what was said above, that general business 82,015,821 augmentation in the outlays for repairs and
prosperity did not attain the degree of development renewals assumes still greater significance. The com­
reached at times in the past; otherwise the result pany paid $849,083 for new ties, against only $508,684would have been reflected in a fuller and freer pa*- in the previous year- yet t-he ties were purchased at a

July 30, 1898.J

THE CHEONICLE

lower price, costing 32-24 cents per tie, against 33-64
cents. But altogether 2,635,816 new ties were put in
the track in 1S97-8, against only 1,511,942 ties in 1896.
In the equipment the additions were of really note­
worthy extent. Thirty-one new locomotives were added,
costing $316,889, against none in the previous year, and
$1,085,881 was spent for general repairs of engines,
against only $874,172 in 1896-7. The company pur­
chased and built 2,540 cars of various kinds at an out­
lay of $1,262,988, against only 1,180 cars in 1896-97, at
an outlay of $596,150. In 1895-6 the additions to equip­
ment had also been exceptional, but only 1,986 new
-cars were provided then against 2,540 now; we may
say, furthermore, that in 1894-5 the additions com­
prised but 839 cars, in 1893-4 283 cars and in 1892-3
871 cars. It is well enough to add that this refers
simply to new cars charged to expense accouut; in the
late years 650 cars were also purchased and charged
to capital account.
We dwell thus at length on the exceptional nature
of the maintenance outlays in the late year,
because knowledge of that feature is essential
do a proper understanding of the favorable
nature of the late year's income results.
The
report shows a surplus on the operations of the
twelve months of no less than $2,235,322, after pro­
viding for all expenses and charges and the usual
dividends of 7 per cent on the preferred stock and of
5 per cent on the common stock. What has been
said above makes it clear that this surplus would have
been still larger except for the very liberal policy
adopted in the making of renewals and improvements.
But that is not all. Examination of the income
account reveals that before arriving at the $2,235,322
urplus, $320,000 was deducted for interest paid in
advance of maturity on bonds taken up and funded
into the new 3£ per cent general mortgage bonds.
Furthermore, the surplus is independent of the
receipts from the land department, which would have
added $289,699, and it is also independent of the
surplus resulting from the operation of the transMissouri lines. Not having the complete report, we
cannot tell what this surplus was, but in view
of the favorable agricultural conditions prevail­
ing, there can be no doubt that these lines netted a
surplus.
Still another fact remains to be brought out. The
showing here outlined was obtained in face of a
great decline in freight rates. Prior to the late year
it happened only three times that the average was
below a cent per ton per mile, and then only very
slightly. But for the late year this average was but
89 hundredths of a cent, the decline in this single
period of twelve months having been over 10
per cent. The decline cannot altogether be ascribed
to the demoralization in rates which prevailed. In
part it was undoubtedly due to the increase
in the proportion of bulky and low-class freight re­
sulting from the expansion in the ore and grain ton­
nage. But whatever the cause, the fact that on such
an important system, where we have been accustomed
to a rate of one cent per ton mile and higher, the
average should have dropped so materially is both sig­
nificant and suggestive— significant a3 showing at
what small compensation the transportation service
even in the sparsely-settled portions of the country is
now being rendered, and suggestive as indicating that
lyith. the growth of tonnage and the practice of in­
creased economy in operation, the stronger lines are

205

able to earn a profit for their shareholders even at
such extremely diminutive rates.
The reduction in cost per unit of work is an import­
ant element in the problem. Except for this, disaster
must have resulted from the continuous decline in
rates, even in the case of such a strong system as the
Chicago & North "Western. But the management has
been wide awake and alive to the needs of the situa­
tion. We will refer to only one direction where the
saving has been very noteworthy. It was stated
above that tonnage movement one mile had in­
creased in the late year 34-45 per cent. Look­
ing at the train mileage we find that this extra
work was done with an increase in freight-train
mileage of only 4-92 per cent. In other words, the
company has been adding to its train-load— carrying
more in each train so as to diminish the average ex­
pense. For the late year this train-load was almost
194 tons— a high figure for a road in that part of the
country. In a period of three years the lading of the
trains has been almost doubled; for we noted in our
review a year ago that in 1896-7 the average load was
only 151^- tons, in 1S95-6 only 141 tons and in 1894-5
but 117 tons. The development here shows the pur­
pose and utility of the heavy expenditures out of earn­
ings to provide larger cars, heavier engines and to
improve road-bed and track.
Mr. Hugliitt, in his remarks, discusses the com­
pany’s refunding operations at length, and shows the
progress made thus far in the work of refunding.
But we have not the space to-day to go into this feat­
ure of the company’s affairs, and would refer the
reader to the report itself, on another page, for in­
formation on that point.

Hfcouctavy=<£ommcvciat gnglisTx|Xeixrs
CFrom o u r own correspondent.]
L o n d o n , S a tu r d a y , J u ly 16, 1898.

Business in the city is as slack as ever and is likely to
remain so until peace is actually declared. Everybody feels
that the struggle is already decided. The resignation of the
Sagasta Cabinet and its subsequent re-assumption of power,
the surrender of Santiago, and the proclamation of militarylaw in Spain, all seem to indicate that the destruction of the
Spanish fleet has done its work, and that the Spanish G ov­
ernment is now likely to accept the terms that may be im ­
posed by the United States.
The reason put forward for suspending the Constitutional
guaranties, namely, that the American fleet will soon appear
off the Spanish coast, is evidently meant to cloak the inten­
tion of the Government to settle with the States and to with
draw its army from Cuba. A t least this is the general inter­
pretation of the act in London, and the actual conclusion of
peace within the next few weeks is regarded as assured.
The action of the German cruiser in Subig Bay is not
considered serious. Apparently it is interpreted to mean
that the commander of the war vessel was merely desirous
of preventing the Spanish troops falling into any other
hands than those of the Americans, by whom their lives
would be respected, and hence the belief is that the United
States will experience no serious difficulty in disposing of
the Philippines as it may think best.
Consequent upon the confident hopes of peace there has
been a sharp rise in Spanish 4 per cent bonds. A s a matter
of fact there is no justification for the rise, for it is certain
that Spain must make some compromise with her creditors
unless French bankers are willing to advance to her a sum
la7ge enough to enable her to fund her floating debt and to
stave off bankruptcy for some time longer; and unless, more­
over, the United States refrains from exacting an in­
demnity.
In the meantime the outlook in France is growing more
seridus every day. There is a widespread feeling of appre­
hension, especially among the wealthier classes, though n o-

THE CHRONICLE

206

body is able to explain what it is exac tly he fears. The Drey­
fus case is beiDg again eagerly canvassed. The new Govern­
ment appears to be as much under the influence of the m ili­
tary start at the W a r Office as was its predecessor, while the
more intelligent classes are getting impatient of the clerical
military dictatorship. Fortunately for the Republic there is
no general of commanding personality.
There is very little prospect yet of any cessation in Anatria-Hungary of the struggle of t he nationalities. Chili has
just plunged into a financial crisis and the people are begin­
ning to fe a r that specie payments will have to be suspended.
About three years ago the Government adopted the gold
standard and” raised a loan to carry out its programme.
Perhaps it would have succeeded if at the same time it had.
been strictly economical, bnt it had a long standing dispute
with Argentina about the boundary between the two Repub­
lics, and both governments engaged in lavish naval and
military expenditure. The outlay amounted on an average
for the past six years to a million sterling per annum, which,
for a country like Chili, whose population is only about 21£
millions and whose total revenue is rather less than 5%
millions sterling per annum, was altogether too great. A
treaty was entered into appointing a Commission to mark
out the boundary, and in case of necessity' referring the
question to the arbitration of Queen Victoria. But the
treaty' has not been acted upon so far', and popular passion
has sprung up again in both countries, so that the war prep­
arations are going on. The result is that London has re­
fused to lend to either country.
The Messrs. Rothschilds, who have hitherto been the
European bankers of Chili, point blank refused to make any
further advances. Then tne Chilian Government induced
another London house to offer half a million sterling of
Treasury bills. The bills had to be hawked about tbe city for
days and were at last placed at a discount of about 6 per
cent. It is said that since then the Chilian Government has
been nnable to raise money in London to pay for 60,000 uni­
forms ordered, and at borne it is paying its contractors by
the issue of Treasury bills. W h en Europe refused to lend
anym ore a rumor sprang up that the Government intended
to suspend specie payments. There was a run upon the
Bank of Chili. The Government to stop it closed all the
banks from Thursday of last week to Tuesday of this week,
granting in tbe meantime a moratorium for 30 days. It is
clear that Chili cannot afford the armaments longer, and it
is to be hoped that the Argentine Republic will recognize
this and will settle the boundary question in some way, for
Chili evidently has made up its mind that it must be settled
in one way or other without delay. Meantime business is
very q u ie t: even in the American department there is ex­
ceedingly little doing.
Money continues exceedingly abundant and cheap as a
consequence of the action of the Japanese Government. It
is a striking evidence of the extreme cheapness of money
just now that this week the Indian Government offered for
tender six millions sterling at %% per cent, fixing the
minimum price at 86. The applications exceeded 23J
4 m ill­
ions sterling, and the average price obtained was as high as
£88 10s. 3d, But though money is so abundant and so cheap
there m ay he a very sudden change at any moment.
For in the first place the demand for gold for Germany
still continues, and in the second place it is quite probable
that there m ay be other very large demands. For example,
a good deal of gold may go in the autumn to N ew York.
The crops here at home, and indeed all over Europe, are
looking exceedingly well. The wheat crop is late, but it is
in an admirable condition, and if the weather is favorable it
is to be hoped that cutting will begin about the end of the
month. Upon the Continent there is prospect of an abund­
ant harvest, and generally the agricultural outlook is favor­
able all over Europe.
In India the money market is now very much easier. The
Bank of Bengal has reduced its official rate of discount to 6
per cent and the Bank of Bombay is exjweted to follow im ­
mediately. I bear also from private sources that rates in
the interior have correspondingly fallen. The India Coun­
cil still continues to sell its drafts very well. It offered for
tender on Wednesday 40 lacs and sold' the whole amount,
receiving for the bills an average price of somewhat over
la, 3j4'd. per tupee, and for the transfers something over
Is. 3 13-I6d. per rupee.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,
& c., compared w ith the last three years:

C i r c u l a t i o n * ............
Public depotiu....... . . . . .......... .
0tb or deposits ... ................. .
Government securities.............
Other securities .......................
Reserve of notes and coin.. ...
oio ft bullion, both douartmts
5?rop. reserve to liabilities, p.ct.
Bank rate ... ....... ...percent.
onaolg, 2H per cant................
lv er..,, ..................................
tearing-House returns,... ...

[Voc.

Lxvn.

German coin fo r Germauv. Shipments: Bombay, - TO.OOO; .Tapan,
i 170,000. Total, £180,000. A rrivals: Cape, £2 09,0 00; Australla,£116,000; India, £2,000. Total, £387,000.
For month o f June—
Shipments: Germany, £ 7 00.0 00; Japan, a 1,560,000; H olland, £30,000; M exico, £66,000; Brazil. £70,000: India, £ 4 13,0 00. Total. £2 .899,000. A rrivals: Fraueo, £170,000: Portugal, £9 8,00 0; E gypt,
£31,000; Chinn, £403.000; South Africa, £1,160,000; Australasia,
£9 51,0 00. Total, £2,903,000
Silver.—The demand for Spain has ceased for the present, and al­
though the m arket is firm on some forced buying, the tendency Is not
ft good one. Shipments to Bom bay, £52,00 0 A rrivals from New
York, £69,000. For month of June—Shipments: Russia, £177,000;
France, £501.000; Chinn, £ 4 7 ,000; India, £102.000. Total, £830,000.
Arrivals: United States, £6 30,0 00; M exico and South A m erica, £1 47,000. Total. £827,000.
Mexican D ollars.—These coin are only being dealt In at their m elt­
ing value. The n ew issue la quoted at a slight discount. Shipments to
Straits. £1 2,00 0.

the following shows the imports of oereal produce into
the United K ingdom during the first forty-five weeks of
the season compared with, previous seasons :
IM P O R T S.

1897-8.
Im port80fw heat.ow t.55,403,110
Barley............................ 18,324,204
Oats................................12,900,390
Peas............................... 2.096.495
B eau s............................ 2,201.760
fn d la u ooru .................. 46.650,700
Flour.............................. 17,829,970

1896-7.
1895-6.
1894-5.
58,912,450 59,246,910 65,209,456
19,545.250 19.950,982 22,320,434
15,226.430 12,046,380 13 ,031 ,797
2,896,015
2,218,980
2,012,239
2,473,370
2,844.472
3.851,262
51,018,840 37,338,670 22,447,034
17,684,780 17,424,970 17,080,740'

Supplies availaDie for consumption (exclusive o f stocks on
September 1):
1897-8.
Wheat Im ported, owt.55,403.110
Imports o f flour.........17,828,970
Sales o f hom e-grown. 12,760,633

1896-7.
58,912,450
17,684,780
22,508,322

1895-6
1894-5.
59.246,910 65,203,456
17,424,970 17,080,740
13,681.013 19,186,406

T otal.......................85,998,713 99,105,552
1897-8.
1896-7.
Aver. prloewheat,w<,3k.36s. 10.1.
27s. -IdAverage prion, seas >u .3 6 s. I d
28s. 81

90,355,921 101,476,602
1895-6
1894-5,
21-s. 7d
25j
7 (1
25s. Id.
20s l O d .

U iH lisIi F in a n c ia l J la r K e ts — P er C a b le,

The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending July 29 :
L ondon

Sat.

Silver, per ounce__d.
Oaneola., new, 2% p.ots.
For aoootmt ____ . ..
Fr’ohrentasO-fl Parlslfr.
A,toll. Top. <fc Santa Fe.
Do
do
prof.
Canadian P a cific.........
Oiiesapeake & Ohio.......
Ohio., Mil. & St, P aul...
L>env, <fc Rio G r.,pref.«
<rie, ooinmon...............
1st preferred..............
Illinois Central..............
bake Shore.......... .........
honisvllle A NashvilleMexican Central, 4s ..
JIo Kan. A Tex., com..
X, Y. Oent'l <fc Hudson,
5T. Y, Ontario & Weat'n
Norfolk A Weat’n, pref.
Northern Pacific, com..
Preferred....................
“enneylvauia ..............
Phtla. A Read., per sh,.
Phil. A Read., 1st pref.
Phil. A Read., 2d prefSouth’n Railway, coin.
Preferred.-....... ..........

27%
11138
n ib s
103T5
13%
35
381-1
28
102%
51%
13%
35%
111
195
54%
05 U

Do
new pref..
Wabash, preferred.......

62%
19%

I lia

121
15
5214
30
72*4
60
8%
20%
10%
8%

Onion Paolfto.................

31%
24%

i f on.
27%
1115,
111%
03*17%
13%
35%
87%
23
102%
51%
13%
35%
111
195
54%
65
11%
121%

15

52%

30%
7 ! >4
60'4
8%

20%
10 %

83l

31%

24%
6-2.lt

19%

Tue*.

Wed.

27%
27%
1 1 L% 110l%g
111% 111
03*12% 103*15
14
13%
36%
35%
86%
87%
23
23%
103%
10 2%
52%
51%
13% . 13%
35%
36%
111
112%
195
195
54%
55%
65
65
11%
11%
122%
121%
15%
15%
52%
55
30%
31
73%
74%
60%
bO%
9%
9%
21%
21%
1L
11
9
s%
31%
32
25
24%
63
63%
19%
| 19%

T h u rs.

F r i.

27
27%
1101316 11015,6
11015,„
11013,6
03-17% 103*20
135a
13 7b
35%
35%
86%
86%
23%
23%
102% 1 0 2 %
52%
5134
13%
13%
36%
36%
109%
109%3t
195
55
55
65%
65%
11%
11%
121% 121%
15%
15%
54%
53%
30%
30%
73%
73%
60%
60%
9s,
9%
21%
21%
11
10 %
8%
9
31%
32%
24%

63%
19%

25
62%

19%

S P a ittia e u c tfil a t it l

Imports and E xports for the W eek .-—T he following are
;he imports at N ew York for the week ending for dry _,oods
July 21 and. for the week ending for general merchandise
July 22 also totals si ice the beginning of the first week
in January.
F O R E IG N IM P O R T S A T Ilk Y O R K

For week.

Dry good*.......

Gen'l tuer’dlse
Total .......
Since Jan. 1.

Dry g o od s____

1898.
*1,024,464
5,376,088

1897.
*1,910,183
5,607,517

1896.
$2,241,696
5,054,421

1895
$3,338,628
6,635,154

*7,000,552

7,517,700

*7,296,117

*9,973,782

*53,300,500
193,251,695

$87,010,020
227,448,894

*66,210,504
198,569,636

*82,768,438
207,906,680

a e n ’l mer’dlae
1896.
1806
Total 29 weeks *246,552,195 *314,458.914 $264,780,140 $290,675,118
July 15.
July 17.
£
£
The following is a statement of the exports (exclusive of
27,a37,770 26,420,710
6,051,991
6,735,917 specie) from the port of New York to foreign ports for the
6M 43,143 40,011,365 week ending July 25 and from January 1 to date:
E X PO R TS FROM N E W Y O R K F O R TH E W E E K .
t4.960.281 14,191,370
28,800,4.21 23,402.047
87,690,808 27,204.029
1896.
1895.
1898.
1897.
43,187,663 37,623*7%
69
68 7-16
$5,983,706
$6,311 ,103
$7,357,026
87,554,808
fo r the w eek,.
2
2
2
Prev. reported 272,037,948 220,721,120 207,985,7 62 182,659,578
112 13-16
in n -io
113 7-16
107 0-16
Total 29 w«ek« *279,592.7561*228.078.146 $213,969,488 *188,970.581
27 0-1 Od.
27J<d.
30 9-lfld.
* i« a .
135.U5.000 122.947,000 161,403.000 174,643,000
iHttS
July 13.
£
28, if ft,255
7.278,340
46,877,86a
13,7®1,630
83,488*878
26.040,372
80,34 W 7

1HA7.
July 14.
£
28,040,305
7.135,815
13.705,055
13,730.857
20,714.22®
25,484.320
36,731,125

Messrs. Pixiey & Abell write as follows under date of
July 1 4 :
Gold.—The demand for Japan continues firm, aad H olland la also a
g o o d buyer. £430,000 h is been withdrawn from the Bank, chiefly lu

The following table shows the exports and imports

of

specie at the port of New York for the week ending July 23
and since Jaauary 1, lt)9tS, and for the corresponding periods
In 1897 and 1896,

THE CHRONICLE,

J uly 30, 18S8.J

E X P O R T S A N D IM P O R T 8 O P S P E C IE A T N E W Y O R K .

Exports.
Gold.

Week.

Since Jan. 1.
$200
8,000

G erm an y.................
West I n d ie s ............

13,408

4,518,748

South A m erica.......
Ail other countries.

............ |
............ |

100,857
20,292

Total 1898........
Total 1897........
Total 1896........

*13,408 84,648,097
800,500 25,159,222
5,087.341* 50.773,792
Exports.

Silver.

Week.

week ending July 28, based on averages of the daily results,

We omit two ciphers (0 0 ) in all cases.

Im ports.

Great B ritain..........

Since Jan. 1.

Week.

SineeJan.\.

............ $33,015,754
12,746,764
19,793,289
$14,958
2,553,635
2,195
60,849
22,816
298.553
531,007
$39,969 $68,999,851
51,824
2,026,464
158,863 18,792.519
Im ports.
Week.

1Since Jan. 1.

Great B ritain..........
F ra n ce......................
G erm a n y .................
W est Indies..............
M e x ic o .....................
South A m erica.......
A ll other countries

$783,805 *23,291,566
631.500,
94,500
2,610|
" * '3 8 2
310,599
14,159|
178,7681
1,283
4,905

............
............
$1,190
3,043
14,535
38,506
1,395

$12,092
23,932
3,260
251,793
665,405
432,340
34,274

T otal 1 8 98........
Total 1897.........
T otal 1 8 9 6 ........

$879,970 $24,434,107!
1,038,54 3 26.388,1851
1,014.915 28,903,448!

$58,669
77,187
112,269

$1,423,096
1,580,816
1,523.849

O f the above imports for the week in 189S $17,156 were
American gold coin and $1,687 American silver coin. Of
the exports during the same time $11,642 were American
gold coin.
New York City, Boston and P hiladelphia B anks.— Below
we furnish a summary of the 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
member banks.
BANKS.
N. V.*
July 2„
“
9..
“ 10.
“ ‘IS..
Bon.*
July 0..
“ 16..
“ 23.
Ph 1 l a , r
July 9.
* 10..
* 23..

Capital A 1
Surplus. Loans.
S
'
*
134,604,0 020.983,8
134,604,0 033.675.3
134.004.0 039,853.5
134,604,0lti31,945.e
j
08,587.3 180.517.0
08.587.3 179.393,0
08,587,3 178,570.0
35.388,0 114.003.0
35,388,0 114.078.0
35,388,0; 114,545,01

Specie.

Legale.

t
$
i
»
»
186u702 63,402.0 750.074.6 14.659.8,828,863.6
1801907 02,303,0 758.0d8,U 14.6-20.4 617.614.9
1707004 02.040.0 757.786.3 14,538.8 720.893.1
1076115 00,702.7 741,338,8 14,434,3 630,200.4
14 078.0
14,924.0
15,340.0

5.259,0 190.177.0 6.314.01 90.220 4
5.331.0 188.669.0 0.306.01 90.039.7
5.442,0 186.838.01 6,220,0 92,299,4

41.122.0
41,726.0
41.447.0

207

129.915.0j 5.877,01 50,832,6
131.527.0 5.881.0' 70.9870
130,459,0! 5,900,01 60.388,5

BANKS.
(00s omitted.)
New Y ork Cit y .
Astor Place...........
Colonial........
Columbia............. .
Eleventh Ward...
Fourteenth Street.
Franklin National.
Gansevoort...........
Hamilton......
Hide A Leath. Nat.
Home.........<..........
Hudson River......
Mount M orns......
Mutual..................
Nineteenth Ward.
Plaza........-...........
Riverside...............
State.......................
Twelfth Ward......
Twenty-third W*d.
Union Square........
Yorkville..............
Astor Nat’ l Bank..
Brooklyn .
Bedford.................
Broadway..............
Brooklyn...... ......
Eighth Ward........
Fifth Avenue........
Fulton...................
Kings County........
Manafact’rs' Nat*l
Mechanics.............
Mech’s* A TradrV
Nassau National..
National City........
North Side............
People’s.................
Queeus Co. (L.I.C.)
8chermerhom......
Seventeenth Ward
Sprague National..
Twenty-sixth W’ d.
Union.... ................
Wallabout.............
Other Cities .
1st Nat., Jer. Clty.i
Hud. Co. Nat. J. C.
2d Nat., Jer. City..
3d N a t, Jer. City..
1st Nat., Hoboken.
2d Nat., Hoboken.!
Bank of 8taten Isl.
1st Nat.,Staten Isl.!

C api­
ta l

Loans dc

L e g 'l .

Deposit, w ith

Sur­ In vest­ Specie. <fc B 'k Clear'g Other
N otes. Agent. Bks.&c
plus. m ents.

2,307.6
697.0
1.746.0
1.182.5
684.7
480.0
648.4
1,201,4
2.076.8
438.1
1.162.0
1,315,1
891.5
554.7
914.6
700.5
1.334.0
1.147.0
695.7
1.798.0
986.2
100,0 120.1
300.0
2,1 1.370.6
150.0 115.3 1.011.7
100.0 108,9 1.255.9
300.0 160,2 1.225.0
100.0
30.1 295.7
100.0
53,3 531.5
817.2
200,0 171.5
611.7
150.0 01,0
252.0 411.2 2.048.1
500.0 397.8 2.342.1
100.0 189.1
829.7
300.0 571.9 3.943.0
300.0 554.9 2.230.0
100.0 109,8 744,9
100,0 105.4 652,0
100,0 122.3 1,756.3
100,0 58.2 480.2
100,0 08.8 405.5
988.5
200,0 214.2
100,0 52.1 308.5
100.0 45,8 285.6
100.0 28.2 478.8
250.0 369.5
1 0 0 .0
54.8
300.0 186.6
100.0 117.4
100,0
50.9
200,0
9,3
200,0 28,1
200,0 75,7
500.0 150.1
84.9
100.0
200,0 188.2
250.0 88,6
200.0 102.7
100,0 24.6
100,0 107.2
100,0 90.7
100,0 78,1
200,0 149.1
100,0 40.0
200,0 287,6

$

219,9 45.5
16.5 55.8
135.0 110,0
66,1
80.7
25.5 87.2
90.0 23.0
33.8 41.0
55.3 83.3
284,7 118.3
88.4 51.5
*27,0 86.0
63.3 87.2
20.3 102,0
20.8 105,2
35.0 85.3
9,3 33.5
62.0 27.0
24.8 86.9
76.2
20,0
141.5 168,9
132.0 83.3
245.6 305.4

210.7 155,0
*207,8
131.0
404.3
170.5
65.0
29.4
23,6
57.6
110.8

112.5 22,8
103.0
79.7 13*1,2
166.4
1,8
101.0
25,9
370.4
58.7
98.0 153.0
121.4 133.0
40.5
53,4
440.2
118.3 100.0
146.2

64.2 142.3
139.8 241.0
52.5 104.4 45,8
21.6
45,3
2,0
2 2 .2
40.1 12,6
41,3 181,8
27,5 80,9
288,0 341.6
115.8 107.0
55.7 230,2
77,3
310.0 695.0 83.0
305.0 338.0 116,0
50.8 116,9 500,0
29.8 110.5
36.1
133.7 490,4
84,0
23.8 140,8
3*2,8 121.0
15.0 370,0
14.0
22,7 56,0
3,2
16.1 32.2 40.0
8,0
16,0 39.9 00,9 60,9

20.9
21.7
76.2
13.8
23.9
50.8
38.8
232.4
94.9
58.3
359.0
192.0
12.3
44.3
113.5
34.3
8,1
111.0
9.5

400.0 742.5 4,015,2 150,7 230,0 455.3 14630
250.0 510,9 1.915 8 110,6 69, b 225.0 152,7
250.0 380,3 1.468.4 67.9 56.1 360.0
200.0 179,0
812.7 30,3 71.0 175,9 8*5,2
24,5
110,0 402,2 1.582,0 109 5 28,3 111.3
125.0 85,0 00*2.9 37.7 43.2 06.1 131,2
25,0 43.3 387,4 19.0 27.1 90,0
7
67.4 504,0 21.1 29.2 1*25,4
100.0

5.351,4
1,794,0
1.368.7
939,0
1.328.7
769.3
480.4
521,7

Totals July 23... 9,oi2,o 8.472.7 59,055,6 3.0063 4-3T2.7 9,r97,9 4.097.9 66,716 ,
Totals July 1 0 .. 0,oi 2 ,o 8.472.7 50,0653 4,073,8 4.544,9 9,6 ro,i 4. 128.9 68.109f
Totals July 9... 0,012,0 8,47*. 750 040.3 4.002,1 4.486.4 r 01734 3,,900,6 68,027,

N e w Y ork C it y B onds .— The twelve million dollars of
New York City Clearing House Banks.— Statement of con­
dition for the week ending July 23, based on averages of New York City bonds advertised by Comptroller Coler are
the first that have been offered to the public since the taking
daily results. We omit two ciphers (0 0 ) in all cases.
effect of the Greater New York charter. These bonds are
Ban ks.
|C a p it a l S u r p l ’ t L o a n s .
S p e c ie . L e g a t e . D e p o ti
issued under even more favorable provisions of law than
Bank of N ew Y o rk .. $2,000,0 $1,901,1 $14,520.0 $3,000.0 • 1.300,0 $15,210.0 were those of the former city of New York. The latter could
Manhattan C o ...
2,050,0 2,159,8 13,730.0 5.409.0 2.500,0; 18.752,0 be exempted from local taxation in the county of New York,
Merchant*’ ...............
2,000,0 1,005,4 14,110.9 3.078.2
1.141.0 17,316.1 but the new bonds are by law exempt in all parts of the
2,000,0 2,048,9; 9.501.0 2.718.0
Mechanics’ .........
1.149.0 10.235.0
1,500,0 2,590.1 20.278.8 5.808.8
A m erica.....................
2.215.9 25,447.^ State from all kinds of taxation except for State purposes,
1,000,0
3.989.0 and the last-named form of taxation does not, under existing
Phenix........................
045.0
4.138.0
431.0
250,5
1,000,0 3.957,4 05.37'*,4 37,178.7 2.121.0 99.347.0
C ity .............................
3,030,81
3.019.0 laws, fall directly on the individual citizen.
024.7
750,0;
122,1
Tradesmen’ s ............
310.7
Chem ical.................... I
300i0 0,951,8 2l!287.’3 0,195,0 2.524.0 25.929.0
A peculiarly strong feature of New York City’s finances is
411.0
180,9
Merchants' E xch’ ge
000,0
4.808.1 1.100.2
5.015.8 that the improvements for which its bonds are most largely
901.2
078.7
7.744.8
Gallatin....................... 1 1,000,0 1.070.0
0,390.6
347.0
128.1
Batchers’ A Drov’ rs’
300.0
78 3 1.187.1 issued— i. e.. for docks and water supply—are. essentially,
991,0
Mechanics’ ^ Trad’ s’ ;
205.0 2.107.0 revenue producing. From these two sources alone the city
307.0
181,0
400.0
1.940.0
802.3
873.9
172.0
G reen w ich .................
170.0
200 .0
103.1
722.0
Leather M anufac’rs’ j
496.0
000,0
515.7 4.052.5 of New York derives an income of between nine and ten
3.926.3
Seventh. ...................
4 79.4
1.859.2
300.0
135.3 2.272.6 millions of dollars annually. These revenues are pledged to
100.4
State of New York.. 1,200,0
224 1 3.090.4
3.702.0
525.8
509.7
20.119.0 1.828.0
2.457.0
American Exchange; 5.000.
0
3.591.0 20.775.0 sinking fund purposes ; and as the returns on moneys in­
2,899.3 21.858.8 vested are largely in excess of the interest paid on the bonds,
28.190.0 2,622,1
3.713.7
Commerce................... 5.000.
0
Broad w ar.................... 1.000.
8.933.7
1.008.0
0
188.8
7.038.1 1.709.1
M ercantile.................. 1.000, Oi 1.023.2
1.140.0 10.743.8 it is manifest that, from a business point of view, every
9.812,5 1.082.1
3.171.5 bond sold by the city for these purposes adds to rather than
915.3
404,0' 2.351.0
P acific.........................
444.1
422,7
R epublic..................... 1.500.0
711.3 17.507.0
842,71 16.703.8 3.078.4
0,200,4 detracts from its financial strength. Under the terms of
837.9
821,8
977.2
Chatham......................
0.225.3
4 5 0 .0 ;
2.044.7 the charter, registered bonds may be issued in any small
364.9
P e o p le's...............—
710.7
253.9
200.0
1.574.9
1,110.2 11.854.9 sum that is a multiple of ten dollars, it being the evident
558,9! 10.220.1 1.779.2
North Am erica..........
700.0
2.408.2 41.490,3
2.262.4
0
H anover...................... 1.000.
32.520.0 8.434.0
Irving...........................
072.7
300.8
602.5 3.780.0 intention of the framers of that instrument that induce­
3.3.11.0
500.0
2.847.9 ments should be offered to small bidders to make the city
452.4
Citizens’ ......................
100.4
383.7
2,048,*
600.0
N a ssa u ........................
3.001.3
382.7
384.9
2,492,1
269.5
AOO.O
0.554.2 bond sales, in the true sense, popular loans.
Market dt F u lto n ...
029.9
5.059.8 1.003.8
900.0 1,0*25,4

8hoe A Leather.......
Corn Exchange........
Continental.................
Oriental.......................
Importers’ A Trad’ rs
P a rk .............................
East River..................
Fourth. ......................
C entral.........................
Second.........................
N in th ...........................
P lrst.............................
N . Y. N at’ l E xch’ ge.
Bowery........... ........ . . . .
New York C ounty..
German Am erican..
Chase.......................
Fifth Avenue..............I
German Exchange. J
Germania....................
L in coln........................
G arfield....................... I
Finn..............................
Bank of the Metrop.,
West Side.................
Seaboard....... .
Sixth.............................
W estern.................... |
Flrnt Nat. B’ k ly u ...
Nat. Union B an k ...
Liberty.........................I
N. Y. Prcd. Exch'ge.
Bk.of N. Amsterdam!
Total........... .

1,000,0

1,000,0
1,000,0
300.0
1.500.0

2.000,0

250.0
3.200.0
1,000,0
300.0
750.0
500.0
300.0
250.0
200.0
750.0
1.000.
100.0

200,0
200,0
300.0
200.0
200,0
300.0
2 0 0 .0

600,0
2 0 0 .0

1.000.

300.0

1.200.0

500.0
1,000,0
250.0

158.7
1.302.8
079.4
405.7
5,048,7
3.200.4
154.1
2.085.2
500.9
710.0
287.7
7.510.1
02,7
020.9
420.0
294.3
1.085.1
0
1,160.0
581.9
737.5
715.1
838.0
321.5
-45.5
347.2
354.1
350.7
0
090.8
973.2
862.3
317.9
328.4
279,7

3.354.0
9.703.1
5.759.0
1.707.0
23,< 44,0
30 901.0
1.273.0
23.158.4
10 202,0
5.420.0
3.012.4
27.704.1
1.311.0
2.881.0
3.185 4
2,890,«
25.481.8
7.979.5
2.118.3
3.203.8
0,501.4
5.390.8
1.770.2
4.390.2
2.231.0
7.548.0
1.747.0
28.212.1
5 320.0
12.105.5
3.261.2
i 027,3
8.008.9

632.4
340.4
1.170.0
1.729.1
1.400.0
300.3
425.0
203.0
1.023.0
5.513.0
2.090.0
15.299,0
*295,0
183.8
2,940.5
2.744.1
2.04 2,0 1.158.0
2,071 0
380.0
290.5
1.113.3
8,14
982.3
188.3
135.3
398.0
445.0
010.9
305.4
290.0
493.5
5.310.2 4.015.9
866.0
1.350.4
742.7
109.7
450.8
553.3
499.0
1,502,6
1.178.1
349.3
115.4
550.8
2.231.2
680.3
339.0
334.0
1.268.0
1.233.C
1*25.0
303.0
2,524 6
5.909.2
1.227.3
K05.8
415.7
2.805.8
864.2
1.264.5
198.0
813.0
187.7
033.7

3.015.8
11.101.0
0,854,5
1.834.3
23.000,0
50.042.0
1.347.6
23.892,7
13.534.0
7.049.0
3.785.1
*29,311,7
1.194.0
3.340.0
3.722.9
2.864.4
32.070.9
9.314.4
3.002.5
4.183.9
7.352.9
0.395,5
2.131.5
0.598,8
2.429.0
9.297.0
1.585.0
33.310,2
0.131.0
12.975.0
4.420.5
8.092,8
3.350.7

59,022,7175,041.9 034,945,9 I07d415 60,702,7 741,328.8

Keports o f Non-Member B anks.—The following is the
statement of condition of the non member banks for the

Auction Sales.— Among other securities the following, no .
regularly dealt in at the Board, were recently sold at auction.
By Messrs. R. Y . Harnett Sr Co:
O/.vvf uv,
25 Corn Exchange B a n k ...280 | 2 Central Trust Co..............1374.

By Messrs. Adrian H. Muller & Son :
45
200
10
10
30
20
10

Shares.
5 Empire City Fire Ins.Co. 90
10 Nat. City Bank of N. Y .. 1110
43 Nat. Bk. of the Republic. 154
Bonds.
;500 City of Elizabeth, N. J.,
adjustment 4s, 1922, J& J.. 98 **

Shares.
Nat. Bank ,,f Balt., M d ..l2 9 ‘a
M echanics’ Nat. B a n k ... 171 %
Manhattan Life Ins. C o .3 8 2 ^
Colonial Trust C o............l o t 's
Gold & Stock Teleg. C o.. 113%
fo u rth Nat. Bank, N. Y.174>a
Leather M frs.’ Nat. B k . . 173'4

Spencer Trask & Co.,
BANKERS,
2 7 Sc 2 9 P I N E S T R E E T ,

-

N EW

Y O R K '

65 State Street, Albany.
___________ I N V E S T M E N T S E C T m T T T E S . _______

George Barclay Moffat .

M

& W
BANKERS,

o f f a t

N o . I N A S S A U S T R -B E T .

IN V E S T M E N T

-

A lexander M. White , J c

.

.

h i t e
.

,

N K iV f O t t K

S E C U R IT IE S

THE CHRONICLE.

208
ja n k e r s '

(G a ze tte .

D I V I D E S D St.
When
Per
dent. Payable.

tfa m t o f Company.
R a ilr o a d * * ( S t e a m .)
Buff. Roch. * Pitts, p r e f......... .
Ohio. St. P. M. A Om. p ref........ ..[
K.C. St. I. A Chic. pref. iruur (qu.)
La. ,t Mias. R iver prof, guar.......
P ittsbu rg & Lake E r ie ................ I
R om e Wat. & Ogden, guar, (guar.)
S tr e e t H a l l w a y * .
B oston E levated.............................
I t a ilk s
Bank ot the Manhattan C o..........
L incoln National (qnar.)............. |
Twenty-third W a rd ........................:
T r u s t C o m p a n ie s .
Farm ers' Loan ,v Trust (qnar.).,
H am ilton, B rooklyn (q n ar.).......
Kings Co., Brooklyn (qu&r.).......
Nassau, B r o o k ly n ..........................
i»Its * e lla n e o u ».
A m erican Glue, pref......................
Consolidated Gas, Pitts., p r e f...
Consolidated tee. c o m .. ............... i
Jefferson A Clearlleld C. A I ., pf. N ew Eng. Telep. *tT eles, (quar.)i
Street- Ry. .V 111. P rop erties........

1
Aug.
3=9 Aug.
1=9 iAtig.
Aug,
3%
‘ Aug.
5
1=4 Aug.
Aug.

2=4

Aug.
-1
iAug.
3
2 =*> 1Aug.
Aug.
Aug.
Aug.
Aug.
SI
3
1
2 =»
2
lie
$1

Aug.
AUg.
Aug.
.Aug,
(Aug.
July

Booke closed.
(P a y s m et utive.j

July 31 to Aug, 11
to
to
1 Ju ly 28 to Aug.
15 July 31 to -------15-

to

l jj u l y

21 to Aug.. 1
31
. 1
liJ u ly
. 1
1 July
to
l -----liJ u ly 25 to Aug.. I
. 15
15 Aug. 6 to
1 5 -----------to
15 Aug. 1 to .
3 0 ---------- - to

Th e Money M arket and Fin an cial Situ ation .— News of
the landing of United States troops at Porto Rico and the
announcement that Spain had officially asked for terms of
peace have increased to some extent the volume of business
and stimulated higher quotations in the security markets
this week. It would seem that these overtures of peace had
been anticipated and largely discounted in Stock Exchange
circles, as the immediate results are comparatively insignifi­
cant. There is a better tone to the markets, however, and
no doubt the importance of peace negotiations will be more
folly appreciated later on.
This probability is foreshad­
owed in the higher quotations referred to above.
The
wheat prospect continues excellent, and the period of
uncertainty in regard to it is rapidly passing. W ith the war
closed, the’ wheat crop secured and the surplus in demand
for export, it would seem that the approaching autumn
must be one of activity and general prosperity. The present
weak condition of the foreign exchange market suggests the
probability of gold imports in the near future, if, indeed,
the movement has not already begun.
The open market rates for call ioans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 1 to 1% per cent. To-day’s rates on call were 1)4 to 1%
per cent. Prime commercial paper is quoted at
to
per
cent.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £961,SOT, and the percentage
o f reserve to liabilities was 15'34. against 45'88 last week; the
discount rate remains unchanged at 2=.£ per cent. The Bank
of France shows an increase of 2,550,000 francs in gold and
3,350,000 franca in silver.
The New York City Clearing-House banks in their state­
ment of July 23 showed a decrease in the reserve held of $10.408,200 and a surplus over the required reserve of 843,012,000,
against $49,365,825 the previous week.

Capital..................
S u rp lu s................
Loam* <fc dlac’ ntfl.
C irculation..........
Net deposits........
S p e cie ..................
Legal tenders___
R eserve h e ld ,....
Legal reserve___
Surplus reserve

1897.
J u ly 24.

1896.
July 25.

D ec.4,907,600
Deo. 104.500
Dec. 16457500
D ec.9,124,900
Deo.1,343,300
Doc.10168200
D oc 4,114.375

$
59,022,700
74.830.900
540,071,600
13,534,600
622,525,700
91.377.900
111,615,100
202,993,000
155,631,425

$
60.622.700
73,294,000
471,239.900
14.676.700
493,358,200
50,231,300
85,607,800
141,839,100
123,339,550

43.012,000 D ec.6.853,825

47,361,575

18,499,550

$
59.022.700
75,641,900
634,945,900
14,434,300
741,328,800
167,641,500
60.702.700
228.344.200
185.332.200

$

J u ly 29.
P rim e bankers’ sterling bills on London.
D ocum entary c o m m e r c ia l......................
Paris bankers' (franca)....... ......................
Amsterdam (guilders) hankers.................
F rankfort or Bremen (relchmarks) b ’kera

United States Bonds.— Sales of Government bonds at the
Board include $17,000 4s, coup., 1907, at llO3^ to l l l i f :
$15,100 4s. reg., 1907. at 110 =4, to 111; $53,000 4s, coup.,
1925, at 126 to 127 and $399,000 3s (when issued) at 1(14 to
104M .

Tne following are the daily closing quotations ; for yearly

range see- seventh page following.
Interest
Periods. Ji i v
2a,............. ..........rep.
i3s, 1 9 18,10-20s.cp.
4s, 1 9 0 7 ............ reg.
4s, 1907.......... coup.
4 b, 1 9 2 5 ______reg.
4a, 1925.......... coup.
5s, 1904 ............ reg.
5s, 1904.......... coup.
6s, our’ oy,’ 9 9 .. .reg.
4s, (Cher.) 1899.reg.

Q. -M oll.
q .- F e b .
q .- J a n .
Q ..-Jan.
Q .-F e b .
Q .-F e b .
Q .-F e b .
Q ,-F e b .
J. A J.
M arch.

* 9?
104
' 109 k
* U 0 i“
*124*4
*125*1
*311%
"112 k
*102
•10 1

July
25
* 97
104i,i
110
*1(0=3
•124k
126
*1111-1
‘ 112 %
*102
‘ 101

July
20-

July 1 J u ly
27. i 28.

* 97 * 97 !• 97
104*13 104%! 104*4
110 1* *110
111
m o io 110 %
*125 *125 *125
12(5% 126% 127
‘ 1111*3 *1 1 1 %I*1 1 1 %
*1123* ‘ 112=2 * U 2 k
*102 *102 *102
*101
*10 1 *101

July
29.
* 97
10 1 og
'1 1 0
111
*126
127
111%
*1 1 2 %
*102
*101

"This la the urioe hid at the m orning h oa rd ; no sale waa m ade.
1 Dealings are In bonds “ when issued” and represent transactions
In the U nlisted D epartm ent o f the E xchange.

State & R ailroad Bonds.— Sales of State bonds at the
Board include $20,000 Virginia fund, debt 2-3s of 1991 at 72
to '12%, $6,0( 0 Tennessee settlement 3s at 911£ and $2,000
Louisiana con. 4s at 104.
The railway bond market has been moderately active and
generally steady to strong, with a few special features. Daily
transactions averaged nearly $3,600,000, par value, per day,
an increase of about $600,000 over last week. Both the invest­
ment and speculative demand have recently increased, and
the tendency is to higher prices, especially for medium
and low-priced issues. Most conspicuous for advance were
San Antonio & Aransas Pass 4s, which sold np to 70= 4, a
gain of nearly 5 points within the week and of 15 p oints
since A pril 30.” The list of other bonds which advanced a
point or more includes Central Georgia Railway con. 5s, Fort
Worth & Rio Grande 1st 3-4s, Norfolk <fc W estern con. 4s,
Northern Pacific gen. 3s, Reading, and New York Central &
Hudson Mich. Cent.
Stock and Bond Sales.—The following shows the volume
of business in stocks and bonds on the N ew York Stock
Exchange for the past week and since January 1.
Sales
.— Week ending July 29— . ---------Jon . 1 to July 29--------- ,
K. Y. Stock Exch.
1898.
1897.
1898.
1897.
Government bonds
$1,400,100
$177,500
*5,881,550
*7,738,450
State bonds..........
28,000
31,000
057,100
1,077,000
BR. & misc. bonds.
18,885,000 18,473,500
450,289,810
256,752,490
Total............... *10,703,100 *18,082,000 *400,108,480
*264,581,040
Stocks—No. shares
1,432.58*2
2,208,087
57,308,790
81,411,120
Par value....*189,752,850 *215,425,000 *5,533,980,575 *3,005,538,900
Bank shares,par v(D.
*1,000
*5,000
*121,250
*204,810

W e add the following record of the transactions for each
day of the week.
Week ending
V. s.
Railroad, <£e. State
Bonds.
$1,387,000
2.980.000
4.880.000
4.504.000
2.807.500
2.167.500

July 29,1898.
Saturday............
Monday...............
Tuesday..............
Wednesday. .....
Thursday.
Friday.................. 200,048

Total..............1,482,582 $130,752,850 $13,385,000

The Clearing-House, on Oct. 30, 1897, also began issuing
weekly returns showing the condition of the non-member
banks which clear through the Clearing-House institutions.
The statement in full for the latest week will be fouud on
a preceding page.
Foreign Exchange.—The foreign exchange market has
continued weak, and rates have further declined on liberal
offerings and the probability of a large supply of bills for
some time to come.
To-day s actual rates of exchange were as follows : Bankers'eixtv days’ sterling, 4 83' l ® ! 831,,'; demand, 4 85@4 851^;
cables, 4 85Lf@4 8C>!4 ; prime commercial, sixty days, 4 82%
@ 4 83: documentary commercial, sixty days, 4 82jJ @ 4 82J^;
grain for payment, 4 8 2 ',@ 4 82% ; cotton fo
@ 4 82 % : cotton for acceptance, 4 8 2 % @ 4 83,
Posted rates of leading bankers follow ;

l x t ii,

The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying ijj discount, selling p a r : Charleston’ buying 1-16
discount, selling 1-16 premium; New Orleans, bank, §1 00
premium, commercial, 25c. per $1,000 premium: Chicago,
par; St. Louis, par.

10 July 29 to Aug. 9
l: July 23 to July 31

W A L L S T R E E T . F R I D A If. J U L Y 2 9 . 1 8 9 S .- 5 P. M .

1898.
. Differ en 'sfr’ m
July 23.
Prev. week.

rvoL.

Bonds.
$243,000
200,100
20,000
041.000
23,000
05,000
165.000
" 5,000

Bonds.

28,000 $1,400,100

The sales in Boston and Philadelphia for the week ending
July 89, 1893, have been as follows :
L isted
shares.
Saturday... :1,021
Monday — w.ftoe
Tu ostiav— 10,4 14
Wad nc ad'y. 17.042
Thursday... 8,733
Friday........ 5,200
Total.... 57,076

— Boston.—
Unlisted
shares.
520
17,015
15,800
31,310
10,010
0,000
81,507

Bond
sales.
882,900
75,500
88,200
43,875
67,050
21*000

Listed
shares.
3,960
14,854
24,263
22,052
15,879
7,652

379,425

88,669

Philad e.iphf a .- ------- s
Unlisted
Bond
sates.
shares.
5,720
873.600
19,495
102.300
25,1« 5
256,000
21,646
155,748
24,596
24 6,826
12,085
131.720
103,687

1,057,094

Railroad and M iscellaneous Stocks.— The stock market
has been somewhat irregular this week, both in volume of
business and the movement of prices. Daily transactions
have ranged from less than 220,000 shares to over 350,000,
and averaged about 280,000, against 130,000 shares last week.
Owing to progress in military operations and evidence of
Spain’s desire for peace, the tendency of prices has been up­
ward, and in several cases quotations i advanced between 3
and 4 points; but generally this advance has not been sus­
tained. The grangers declined on the announcement of St,
Paul's net earnings for June, which were less than for the
corresponding period last year, and the bear element took ad­
vantage of the situation to depress the entire railway list.
The coal stocks advanced sharply early in the week on re­
ports of higher prices for coal at some Western points. This
news suggested that measures were under consideration for
improving the anthracite trade, Speculation was active in
Sixty days.
Demand.
the miscellaneous list, and wide fluctuations are noted in
4 84=9*4 85
4 86® 4 86=9 American Sugar Refining, N ew York Air Brake, National
4 8241 » 4 83
Linseed Oil and the United States Rubber issues.
Our read­
4 8 2 = t»4 82=9
5 217g®213, 0 5 20 ® 5 19*18 ers are referred to the following pages for the daily highest
40=jfl*40=s
and lowest prices of all shares dealt in on the N ew York
40H 1® 40&16
91'‘ ir *94
95% «® 95%
Stock Exchange,

THE CHRONICLE.—STOCK

J uly 30, 1898.]

PRICES (2 pages) P a g e

1

209

New Y o rk Stock E xchange- -A Daily, Weekly and Yearly Record.
STOCKS—HIGH EST A N D LOWEST S A L E P R IC E S .
Saturday
July 23.

M onday,
July 25.

•190 220 *190 220
*10
11
11
11
37
*35
37
*35
13% 13% 13% 1319
31)* 344* S4t« 34%
12% 12-K 12% 13%
*6
*6
7
7
*104 108 *104 108
5 4 « 54% 54% 55
*27
♦27
29
29
•60
67
*66
67
186
*85% 86
5396 5396 *53

86
5399

87J6 90%
15% 13%
22% 22%
•160
•172 ........
105% 106%
•54
59
•107 111
14% 15%
571% 71%
40
36
38% 38
24% 25
25
27%
10
10%
•9% 10
81
33
*20% 31
99% 99% 99% 99%
151% 151%
128% 12y%
172%175 $174 174
95% 96% 95% 96%
82% 82%
*152 160
*7% 8% *7%
128% 28%
41% 41%
•85
88
. 14% 14% 14% 14%
*........ 46
44
*170 ....
'170
88
8819
•15% 16
28 % 22*
•160
*172 ...
105^105%
*53% 59
108%108%
14% 14%

T uesday,
July 26.

STOCKS.

Wednesday
July 27.

*190 220
*10
11
37
•35
13% 13%
34% 35%
13
14%
*6
7
*104 108
5499 55%
*27
29
•00
67

*190 220 *190 220
•10
11
11
■ 10
•35% 37% *35% 37
13% 13% 13% 13%
34%
34% 35% 34
1466 14% 13% 14%
6
0
»6% 6%
*104 108 ♦104 108
55%
50% 5576 55
•27
29
29
•27
*06
67
07
•60
•72
80
8479 85
8499 84% 84% 84%
5399 53% 5496 549* 53% 53%
90%
90
89% 91
919* 90
16
•15
15% 1099 10M 510
229s 22% 22% 2276 22% 23%
•160
•160 ........ •100 .....
•172 ........
*173
•172
105)9 10094 106% 107% 105% 106%
•56
58
*57
50
59
58
107%107%
107 107 •108 108
15%
15
169* 15
15% 15
*71% 70
•71% 76
•71% 76
38
39
38
30
39% 38
28% 29
27
27% 28
28
10% 10%
10% 10% 1076 11
37%
33% 37% 37
36% 36
99% 100% 9976 10099 99% 100
151% 152 •151)9 152% *151% 152%
130 130%
130% 132
120% 131
175 175 §174% 174% •174 ........
90
97% 90% 9194 90% 90%
83% 8499 83% 84% 83% 84%
•152 100 •155 160 •152 160
*7
•7% 8% •7% 8%
«%
*28% 29%
30
♦29
30
•29
43%
42% 42
4199 42% 43
584
84
15
14%
14%
14%
14)6
• U K 45 •........
45 * ...... 45
•170
•170 .....
*170

..................
•5% 6
5% 5%
•5%
•5% 6
•21% 24
•21% 24
•21% 24
•21% 24
5105 105
105 ' 100%' 106% 107% 1106% 108
5153% 153% 152% 152%) 152 153
153 153
SI 2
12
•12% 13
**11% 13
L 50
50
50
50 I 50% 50% 50% 50%
^•15% 16% 10% 10% 10!* 10%' *10
17
•75 ........j *80 ........I *80 ........
f 74
*8
*12% 13% •12% 13%; 13
13
13% 13%
' 34% 34% 34% 35% 34% 35
35
35**
•16% 18
•10% 18 1*10% 18% 117% 17%
•25% 20
•25% 20 *25% 20
*25% 20
•50
52
•50
52 *50
52
52
52 I

N. Y . STOCK EXCH .

July 29.
*190

R a ilr o a d S to ck s.

220

-Cxun Arbor.....................
•35% 37
Do
pref.
13% 13% Atch. Topeka & Santa Fe.
33% 34%
Do
pref.
13% 14% T>altimore & Ohio...........
*0
7
104 108 Bost. A N. Y. Air L.. pref.
55% 57%
*27
29 Buffalo Roch. & Pittsburg.
Do
pref.
*60
67
*10

Range fo r x>reviSales Range f o r year 1898.
o f the On basis o f 100-shWe lots ou 8 year C1897;.
Week.
Shares Lowest.
Highest.
Loivest. Highest,
201

11

•83% 84%
53
53%
89% 89%
510% 16%
22% 23
160 ........
172* ........
105%106%
•50
58
106 107%
14% 15%
*71% 70
•37% 39
*27
28%
*10
11
80
36%
99% 100
5152% 152%
129%131

4,655
54,066
19,640
235
55,342

anadian Pacific..
anada Southern.,
Capital Traction....,

910
985

C

7,800
1,800
7,390

Central Pacific.........
Chesapeake & Ohio.
Chicago & A lton....,
Do
Do

.....

pref.

Do 4 p.c. debentures.
Do 5 p.c. pref. “ A ” ..
Do 4 p.c. pref. “ B ” .,
Chic. Indianap. & Louisv.
Do
pref.
Chicago MUw. & St. Paul.
Do
pref.
icago & North Western
Do
pref.
Isl. <
95% 90% Chicago Rock
D Aflu..
I.&Pac.
83% 83%
*150 100
*7% 8%
29
29
42
42% Clev. Cin. Chic. A St. L...
Do
pref
14% 147^ Clev. Lorain & Wheeling.
Do
pref
•........ 45
•170 ___ Cleveland & Plttsb., guar
Colorado Alld., vot. tr. ctfs.
..................
15% 16
55% 5% | 5% 5%
Do
pref.
*21% 24 I *21% 24
elaware & Hudson......
106% 1O0%i*1O6 108
el. Lack. & Western...
*150 153
...... ’ ........ Denver k Rio Grande........
•12
13
50% 50% 50
504fel
Do
pref.
•10
*16
17
Do
pref.
•80 ........ •80

04,957
10C
304
29,075
50
4,60C
2,53C
1,486
3.707
56,354
1.052
23,791
14S
34,004
9,000

D

75
890
8,23!
18
2,100
365
570
8,002
1,087
25
5.358
200

§183 Jan 4 180 Feb 3
11 Apr 21 15 Feb 8
34 Jan 4 40%Feb 7
10%Apr 21 14%J’ne 6
22%Mar 12 35%J’ly 12
12% Ian 25 21%J’ne 17
5%Jan 19 7%Feb 3
§105 Mar 9 §105 Mar 9
35 Mar 12 57%J’ly 29
25 Mar 12 30%Jan 0
02 May 0 67%Jan 3
§65 Mar 10 75 J’ly 1
72 Apr 21 90%Jan 20
4 4% Mar 12 57%Feb 5
62 Jan 4 70 Jan 25
86%Mar 26 98%Jan 7
11 Apr 23 10%J’ly 27
17%Mar 20 24%Feb 1
§150 Mar 14 §166%Jan 14
§106 Mar 24 §166 Mar 14
85%Mar 26 10 7%J’ne 11
49 Apr lfi 66 J’ne 1
102 Jan 7 113%Feb 1
9%Feb 24 16%Jan 8
71%J’ly 15 71%J’ly 15
28 Mar 15 40 J ly 25
20 Apr 21 29 J’ly 28
7 Feb 24 11 J’ly 27
23 Apr 16 88%J ly 27
83%Apr 21 I02% j’ne 1
140 Apr 25 152 J’ly 15
L13%Mar 12 132 J’ly 27
103 Jan 8 175 Mar 7
80 Mar 25 108%J’ne 1
65 Mar 12 85%J’ly 11
§148 Jan 5 155 Feb 28
4%Jan 8 9%Mar 3
22%Jar 8 33 Feb 5
25 M ar: 2 44%J’ne 17
77%Mar 9 88%J’ne 14
1l%Mar 20 19%Jan 12
45 May 2 50%Feb 9
170 J’ne 7 170 J’ne 7
5%J’ne 23
5%J’ne 23
14 J’ne 23 18 J’ne 7
5 Mar 18
8%Feb 10
17 Jan 7 25 Feb 9
103 J’ly 10 114%Feb 3
144%Apr 21 159 Feb 5
10 Apr 20 13 Jan 12
40 Apr 21 5 2%Feb 9
8%Apr 21 20 J’ne 10

170 Feb 177%Ap
9 Jan. lo%Aug
22%Apr 40 Aug
9%Apr 17 Sep„
17 Apr 35%Sep
9 J’ly 21%Sep.
2 J’ne 9%Sep.
102 Mar 106 Oct.
18%Jan. 37%Ded
10%May 31 Deo
54%J’iy 60%Dec
08 Apr 70 Aug
40%Mar 82 Dec
44%Jan. 62%Sep.
50%Oct. 63 Deo
6S%May 10 3%Jan.
7%Apr 18 Sep.
15%Mar 2 7%Aug
147 J’ly 170 Mar
161%May 175%Nov
09%Jan. 102%Sep.
37%J’ne 61 Sep.
95 Jan. 103 Sep.
3%J’ne 20%Aug
71%Oet. 75 Deo
81%Aug 43 Sep.
19 Aug 33%Sep.
8 Oct. 13 Aug
26 Nov 38%Sep.
69%Apr 102 Sep.
130%May 146 Sep.
101%Apr l32%Sej:
153 Jan. l65%Sej;
60%Apr 97%Sei47 Jan. 89%Sep.
133%Jan. 150%Deo
21%J’ne 41%Sep
63 J’ne 86%Sep
39 Nov 49%Deo
101 Apr 108%Sep
l%Apr 18 Jat
14 Aug 40 Jan
99%Apr 123 Sep
146%May 164 Aug
9%Apr 14% Aug
30 Apr 50% Aug
7 Apr 14%J’ly
31 Apr 50%Aug
5 Dec 10%Aug
ll% Apr 19 Sep
27 Apr 46%Sep
15%May 25%Aug
20 J’ne 34 Sep
28 Aug 48 Sep
7 J’ne 14%Aug
30 Mar 49 Oct
7%J’ly 20 Sep
12 Nov 20%Sep
120 Jan 141 Sep
27%Apr 40 Aug
50 Dec 50 Deo
9 Aug
8%Dec
91%Apr 110%Aug
88 Jan 97 Aug
0 Apr 13%Sep
23 J’ne 41%Sep
4 J’ne 9%Aug
17%Dec 20%Sep
4%Aug
2 Feb
12 Mar 28%Jan
32 Feb 36%Oct
2 Aug
1 Aug
13 May 22%Sep
58%Apr 70%Sep
152 Jan 181 Sep

5 Apr 4 7%Feb 5
295 11 Apr 21 10%Feb 4
4,001 29%Apr 22 43% Feb 11
95 15%Apr 22 21%Feb 11
12* L
22 May 9 20 May 11
100 40 Jan 18 52 J’ne 10
53
Do
10 Mar 12 14%Feb 14
lint & Pere Marquette..
30%May 19 43 Jan 28
Do
pref.
21 Feb 8 28 Mar 5
24
*20
21 Ft. W. & Den. C.,stamped.
•20
34% •20
24
•20
24
•22
24
*
12
400 10 May 19 16%Jan 31
12
12
12
12
12
•11% 12% •10% 12%
8.4991+122 J’ly 1 180 J’ne 30
•126 127% 137 127
127 127% 128 129% 129%129% 129 120
§30 Jan 7 32% Feb 24
*30
40
•30
*30
40 LJreen Bay & Western
40
•30
40
•30
40
..... Do debt cortfs. “ A
10 40%J’ne 23 49 Jan 27
4499 44%
g
2
8%J’ly 9 0%Jan 25
Do debt certfs. “ B ” .
1
107% 108
5,758 96 Apr 21 lll% J ’iy 12
108 108%| 108% 109% 109 109% 108% i ‘08% 108%109% |llinois Central....
§94 Feb 18 97 J’ly 22
•«5 100
•95 100 I Do leused line, 4 p. c.
•05 100
•95 100
•95 100
•95 100
132 7%Mar 18 10 J’ne 11
*9% «%
•9% 9%
9% 9% *9% 9%
•9% 9% *9% 9%
Do
pref.
129 25 Apr 28 35%J’ne 11
•32
39
*31% 32% 131% 31% 32% 32% §32% 32% •32
34
anawha A Michigan...
0 Feb 2 6%Feb 2
6% *5% rt% •5% H% •5% »%
•5% 8% •5%
/in. City Pitts. A Gulf..
307 15 Apr 20 24%Feb 10
•16
17% §15
17
15
•15
•10
17
*16
17
15% 10
Keokuk
A
Des
Moiues......
3
Jan 27
5%J’ne 11
100
4
4
*4
5
•4
•4
5
5
•4
•4
5
5
100 15 May 12 18%J’ne 14
Do
pref
•17
19
•17
•17
19
17
17
19
•17
19
•17
19
30 J’ne 2 34 Jau 81
•29
•29
31 Keokuk & Western.........
31
•29
31
•29
31
*29
31
•29
31
2 May 19 2 May 19
Kingston A Pembroke...
9%
e Erie A Western...
75 12%Mar 14 18% Feb 8
114 "1 4 " §15% 15% 115
M3% 15
•13% 15
15
•13% 15
o
pref.
877 00 Mar 14 76% Feb 8
171% 71% 71
71
71% 71% 71% 71% 71% •69% 70)9
71
195 170%Jan 4 194%Jan 29
1190 190 •189% 193 •189% 193
190 190 •189% 193 ♦190 193
180%Apr 19 190 May 27
, Convert, ctfs. of deposit.
•188
•188
40 Jan 20 51 Jn’e l 38 Dec 55 Jan
•48
52 Long Island.....................
•48
52
52
■48
52
•48
52
•48
59
63%Sep
52% 53% 53% 53%| 53% 54% 53% 54% 53% 53% 53% 53%jLouisville A Nashville..., 15,955 44 Apr 21 60%Jan 81 40%Apr 113
Sep
1047% 105% 105% 105%i 105% 106%i 106% 107% 100% 107% 100% 107% "VTanhattanElev.,consol. 51.380 91 Mar 26 120%Jan 14 81%May
133%Dec
99%Oct
171%Feb
14
125%Mar
20
11,406
151%
153%
Metropolitan
Street......
150% 151% 150% 151%. 150% 151% 151 152
150%152
9%J’ly
0
Aug
0%.Ian
8
100 4%J’ne 15
•4% 5% I *4% 5%
*4% 5% ♦4% 5% .Mexican Central................
2% Aug
1 Nov
1 Feb 10 l%May 2
'%
1 Mexican Nat’l .tr. rects...
’ % 1%I
*% 1
•x
Sep
---------- Michigan Central...............
831 99%Mar 12 114% Feb 8 90 Jan lll%
*1O0H 107* •106 107 1107% 107% §107 107 1105% 106% 106%106%
31%Sep
10
May
100 24 Mar 11 30%Feb 15
•28
29% •28
29% Minneapolis A St. Louis...
29% •28
29% 28% 28% *28
29% i *28
120 84 May 14 91 J’ne 27 77%Mar 90 Sep
Do
1st pref.
•88% 90
•88% 90 | *88
•88% 89% §09% 89%
90
*88
90
Do
2d pref.
400 40 Mar 20 03 J’ne 8 40 Feb 02%Sep
•58
60
59%
59% 50% 59% 59% 58% 58% •58
•58
60
6 Deo
0 Dec
7 Mar 11
0%Mar 11
•6 ........
•6 . ...
•0 ........ Minn. St. P. & 3. 8. Marie.
loo 10 Apr 13 14%Jan 26 10 Apr 16%Sep
Mo.
Kansas
A
T
exas........
•10%
1
1
%
•10% 1 1 %
•10% 1 1 % •11
11
11
42
Sep
24%Apr
41
Jan
28
2
8%
Mar
12
1,540
l*o
pref.
84
34
35
34% 35% 35
35% 34% 81% •31
12 10 May 40%Sep
35
35% 34% 35
35% 35% 85% Missouri Pacific............... 11,101 22 Mar 12 36%J’ly
34% 39% 35% 30% 35
32 Aug
18
J’ne
32%Feb
7
24%Apr
19
*25%
27
I
Mobile
A
Ohio..................
•25% 27
27
•25
27
•25
•25% 27
•25% 27
8107%Jan 4 1178 Jan 14 02%J’ne 173%Dec
•170 172
170 172 •170 172 •170 172 *172 175 *172 175 !Morris A Essex
ash. Chat. A St. Louis..
60 J’ne 1 00 J’ne 1 70 Jan 85 oep
N
105 Mar 26 119%Jan 28 92%Feb H5%Sep
9,272
_
_
^
Y.Central
A
Hudson..
118% 118%
118 118% 118% 119
118 118%
17%Sep
N. Y. Chicago A St. Louis.
525 ll%Mar 14 15%Jan 81: 11 Feb 81%Sep
12
•13% 15
•13
15
•12% 14% •13% 14% 12
73 Feb 19 76 Jan 311 07%Apr 43%8ep
Do
lBt pref.
80
•65
80
*65
•65
80
•05
80
•65
80
•05
80
24
Feb
40%Jan
29
28
Mar
25
400
Do
2d
pref.
37
•80
87
•35
35
85
87
*81
37
30
86
•35
325 -Deo
New York A Harlem........
23 §320 Jan 5 1850 J’ly 19 195 Feb 122
1345 345
Mar
1120 Apr 20 S123%Febl6 119 Jan
N. Y. Lack. A Western....
185%Sep
100
Feb
ll78%Jan
7
§195%Feb
2
N.
Y.
New
Haven
A
Hart.
073
*188 191
188 188 ii87% 187% 190 190 §190 190 1188 190
20%8ep
12%
Apr
875 13%Apr 25 18%Feb 2
15 N\ Y. Ontario A Western..
*14% 15
115
14% 15
15
15% 1566 §15% 15% 15
05 Jan 28 65 Jan 28
•00
06 Norfolk A Southern.........
*60
66
•00
66
•60
•00
60
06
•60
66
9 Apr 17%Sep
1 l%Apr 21 17 Feb 7
•14% 10 Norfolk A Western...........
•14
16
•14
15
15
*14
•14
•14
15
10
11.955 42% Mar 12 50% Feb 7 22%May 48%DeC
Do
pref.
•51
52
•50% 51% 51% 51% *53% 53% 52% 53% 52% 52%
11
Apr 92%Deo
31%J’ne
0
19
Feb
24
33,873
Nor.
Pac.
Ry.,
vot.
tr.
ctfs.
29%
29%
*9% 30
29% 30% 29% 30% 29% 30% 294 30
61%D«0
Do
pref. 51,818 50%Mar 12 72 J’ly 27 32%Jan
71%
70% 71% 707% 71% 70% 71% 70% 72
8%De«
70% 71% 71
5%Nov
7 Mar 5 7 Mar 5
maha A St. Louis.........
41 Sep
10
Apr
54%Feb
1
35%Jan
7
r.
RR.
A
N.
Co.
v
ot.
tr.
c
f
s.
50
♦48
•48
50
•48
50
•48
•48
50
50
50
•48
73%Sep
37%Jan
74
J’
ne
11
05%Mar 29
Do pref., vot. tr. ctfs.
70
•08
71
•08
71
•68
7!
71
•68
71
•68
*68
23%Aug
518 10%Jan 3 3 3% Feb 17 17%J’ly
31 Oregon Short Line...........
•28
•28
30
130% 30% 30
31
•28
80
•28
30
• These are bid and asked prices; no sales on this day.
I Less than 100 shares.
t Ex dividend and rights.
*13%
134%
*17
*25%
*50

13%
34%
18
20
53

•13% 13%iT7rle.
*34% 35%|Aj Do
D<
Do
•17

1st pref.
2d pref.

F

K

O

OUTSIDE SECURITIES
_ S treet R a i l w a y . 1 Bid. I Ask.
NEW YOKK CITY. i
Bleeck St A Ful F—Stock.! 32
1st mort 7s 1900... JAJ 101
B’ way A 7th \ve—Stock. 210
1st mort 5s 1904...JAI> $105
*d mort 5s 1914......JAJ $110
Con 5s 1943—See Stock Exch
B’way Surf 1st 5s gu. 1924 1 14
*d5sia as rental. 1905 $105
Csntral Crosstown—Stock 240
lit. M 6a 192 2 ....... MAN $118%

0«n Pk N A E Kir—Stock 180
C oo so I 7s 1902.......J A 1 >,$ 1 09

........

111%

(G iv e n -

at

fo o t of

7

c o n s e c u t iv e

Bid. Ask.
Chrtst’p’r A 10th St-Stock 150 100
1st mort 1898...... AAO 100% 103%
Col A 9th Ave 5s-See Stock Exon i 1st.
D D K B A Batt’y—Stock.. 175 195
1st gold 5s 1932...JAD $115 117
Scripts 1915........FAA 100 103
Eighth Avenue—Stock... 320 .....
Scrip 0s 1914............... 108
42d A Gr St Ker—Stock... 340 300
02
42d 8t Man A St N A v e .. 68
1st mort. 6s 1910..MAS 113 116
95
2d Income 0s 1915.JAJ 90
Lex AvA Pav F 5s-3s* Stk Excb 1 1st.
S tr e e t R a ilw a y s .

pages).—

S tr e e t R a ilw a y s .

Metropolitan—Se« Stock
Ninth Avenue—Stock....
Second Avenue—Stock...
1st mort 5s 1909. .MAN
Debenture 5s 1909.JAJ
Consol. 5s, 1948...FAA
Sixth Avenue—Stock......
So Fer 1st 5s 1919. .AAO
Third Avenue—See Stock
1st mort 5s 1937...JAJ
28th A 29th Sts 1st 5s.. ’96
Twenty-Third St—Stock.
Deb 5s 1900...........JAJ

S T R E E T R A IL W A Y S , &c.

Bid. Ask.
Exch 1 1st.
170 ISO
177 180
$107 109
$105 108
114 114%
200 210
5113% 114
Excb. list.
121 122%
5110% ui%
330
103

Bid.
H tre e t H a llw a y s .
Union Railway—Stock.. ) 75
1st 5 b 1942........... FAA 2112%
Westcbest 1st 5s ’43.. JAJ $109

Ask.
200
114
•••••*

BROOKLYN.
Atlan. Ave., B’klyn—
1st 5s 1900........... AAO $107
Con 5b g 1981...... AAO $108 .....
95
Irapt 5 b g 1984...... JAJ
B. B. AW.S3. 5 b 1988.A<*o 90
Brooklyn City—S t o c k .. . . 210% 212
117
ConBOl fls 1941...... JAJ 114
nklypCrosstn58l908.JAJ 105 ....•

THE CHRONICLE. — STOCK

210
Jfonday,
July 25

STOCKS.

iV i day,
July 29.

Tuesday, j Wednesday Thursday,
July 26. j J u ly 27. July 28.

[V ol . L X fll,

R ange fo r p re­
Salt* Range fo r yea r 1898.
o f the On b a s is o f ioo - s K're lota vious year (1897).
Week.
Lowest. Highest
Highest,
N. T . STOCK EXCH, Shares Lowest.

s r o o K s -m a a s s T a n d l o w s ax s a l s p r io s s .
Saturday,
July 23.

PRICES (2 pages) Page 2.

274 3 4 H J ’ n o 2 7
•86% 37* *38* 87* §37
37
80% 36%! 36
*35% 80*
36
acific C oast Co.........
90
*84
ss
♦80
*84
90
•83
89 P D o 1st p r o f . . . . .........
*8-4
60
84
184
flu
60
59
•56
•55
*50
60
*50
HO
♦55
59 •
! •55
D o 2d p r o f ...................
10 8 % Jan 119 Sep
117 117 Pennsylvania......... ..........
1117% 117% m s u s
2,235
117%117% 117%117% 116% 117
3% A u g
MJ’ne
•l
•1
•1
•l
*1
i*
•1
l»t
hi
1* P oo. D eca tu r A K v a n s v ...
i*
1*
8 % A ug
*3
5 Apr
0 Peoria & E a stern . . . . . . . . . .
•BH 0
•3
0
•3*
•3*
5*
»*
•3*
»
*
;
11% M ar 39% Dee
4 3 Plttsb, Cin. Chic. A St. L . ,
4 SO
•19% 44V* §4 2% 4254 43
4 3* •1254 43* •42% 44* 43
04
65 ! •ot
44 % J ’ ne ?G % O ct
•5S
•58
05
415
Do
prof,
•00
04
00
01% 02% 1)2*
*170
150 May 172% A u g
•170
•170
30
»170
•170
la. F t. W . A Ch., g u a r ..
4% Aug 1 2 Sep
6
•6
8
♦6
•0
•0
S
Plttab. A W est., p r o f .........
8 1
16% A p r 29% Sep
17
IS
1754 18
17* 17* O eadlng, vo tin g tr. c t f a..
let* 17
1,94*6
1 « * 18*; 17% 18
38% A p r 57«8ep
•39
30% 30% 49
4 1-H 425, 48* 43 1 41% 43% 41% 11% L V 1 st prof., voL tr. ctfu. 27,053
22% Apr 35% Sep
1,460
21* 31% 21% 21
*20% 21* 2 d prof., v o tin g tr. etfa..
21
1974 21* 2 1
• len 20
•ISO
•180
♦ISO
•180
20
» §185% J’ly 27 175 O ct 185 Jan
R ensselaer A S a ra to g a .. . .
14% J ’ ne 25%8ap
•80% 29* ♦28* 29* •26* 29 , •SB* 89* >26* 29* *26% 20* Rio Grande A W e s t e r n ___
20% J ’ly 19
6S
25 May 61% D eo
60* 60* 07
930
00% Dtt* •06
67 | 06* 00% 67* 67*
Do
p ref.
•182%
’ 123
116 Mar 12 2% D oc
*122
*122
•12 t
R om e W atertow n A O g d ..
9% Sep
7 ” 7
7
7
•7
500
8 % J ’ ne
t.
J.
A
G
.
ial.,
vofc.
tr.
eta.
7*
7*
7*| •7
«w
°*
7*
00
60
3 7% J ’ ne 54% D eo
1,180
•58
60
00
00
58
•58
60 ; 59% 0H
68* S D o
1st p re f.
20% Sep
2014, 2 0 * 90*. •20* 21* 20
10% J ’ ly
•80
700
*19
20
2 0 * •20
Do
2d p re f.
20
0 Aug
57*
4 Apr
•7*
•7
050
7*
•7*
7*
7*|
7*
7*
754
m St. L. A S. Fr., v o t. tr. c t fs .
59%DeO
61
61
37 Jan
•61
*61
105
02
02 ! §61% 61%, *01
02
§61
01
Do
1st p ref.
2854 ♦28
12 A p r 2 7% D eo
1,525
*28
28* 99% 2374 2974 29
29
Do
2d p re f.
2854 29
38*
7 Aug
•5
1 Apr
•5
555
*5%
5*
554
S*74
5% 5%
054 t>H 3t. L ou is S o u th w e s te r n ...
5*
•10
3% A p r 14% Sep
709
11
•10
11
10* 10* 10* 10*
Do
p re f.
10-% 10* *10* 11
21
30 Sep
•20
21
•is
20 Jan
n ?% 17* •IS
21
*19
21 St, Paul A D u lu th ...............
18
♦18% 21
80
§79
79
87% O ot
7 2 % J ’ly
•79
Si
SO
§80
459
80
86
♦80% 804* *81
Do
p ref.
•154 156
114 Jan 125 A u g
155 155% 156 150% *157 .00
100 .02 St. P aul M inn. A M a n ........
2,270
160
.00
13%.Jan
20
20
20% 193, 20
28% Sep
1,600
1954 30
19% 1954 1054 2*> Southern P a cific C o ...........
1974
12% Sep
7 Apr
85,
2,680
s*
9 Southern, v o tin g tr. c t f s ..
*8 «
S*
»*
8% HH *8*
WM 8 *
!» *
22 % A p r 38% Sep
31
31
SO* SI
0,988
D o p re f., v o t. tr. c t fs ,
81* 81%
3074 31*1 31* 3174 81* 81*
15 A u g
12% 1256 1254 13% 12* 12*
8 Apr
2,178
IS * 12* Hpexas A P a cific.
12* 12*
i s * 12*
146 May 173 D eo
•Ii4 I t8 *175 178 1*175
.78 •175
7H ♦175 .78 ' •175 !78
1- hlrd A v e n u e (N . Y . ) . . ..
•. .
20 *
28% O ot
20 *
20 Sep
20 •
20
20 T oled o & O hio Central.
•20
40
•20
•20
40
40
*20
40
•20
40
Do
p r e f.
*26" 40

SS14 2 4 *
eot, 6074
5H 574
Vi
18% 1851
0274 9254
?1 1
814 355

24
0054
5*
7*
18«
9274
1«4
10
•2
.4 ,

24 *
01
0*
'<%
185,
99 *
2*
1054
2%

24
00*
6
7*
1855
93
*2
10*
♦2
*4

24%
017s
6*
754
19
9874
1154
2%
0

24%
8154
0
U74
19*
93*
il«
11*
•2
•4

24*
02*
0*
19*
9354
2
13
2%

24
00%
5%
*7
19
98*
§1%
12%

24
61 %
5*
7%
19%
0394
2
7 l?f

23%
0074
054
•7
19
9354
52

24*%
0 i«
0
7%
19
9354
2
^2 ^
2%
a*

103 H02 103 *102 103 §102 102 §103% 103% §102% 102%
24* IT *
23* 24
23* 24*
23% 24* 2 8 * 23*
76
78
78
9 * 578
7854 78* 79* *7854
79
79
•22
•22
*23
80
28
30
>23* 80
*24
SO
*23% SO
•134
136 136 1135 .30
ISO L36
.40
130 §137 §135 139
•23
•23
20
20
25
2o
*25
26
•24
27
27
26
*73* 77
*78* 77
77
77
•7-l« 77
77
77% 77% 77*
11* i i *
12
12% 12
is *
HH u *
is *
UM 12* 12
33
♦S3
33
34% So
35* 86
30% *35% 30%
3 o* So
80
39
3(1* 39
89
39
so
39
3»H 3954 39* 39
89* {S 9 * 89% *88
•89
90
*88* 90 «
89
89
88% 88*
132% 137
132%138
130%139% 136% 141
138 13S54 136 138%
114 114
114 114
11SH 113« 113%114
113 113% §114% 114%
95
95
95
95
•94W 95* §95
•94* 9 5 * *94% 95% §90
120% 121% 120% 122% 120% 12191 120%121%
11954 11954 119%121
•120 L30 •122 127
128% 128% •126 130
129% 129% *127 130*
*94
95
95
05
•94
95
95
9534 *95
95% 95% 90
3*
SMS 3 *
3*
354
8*
471
3*
874 1*
374 4%
§120 120 •120 L24 *122 L24 *121 124 *121 124 §120% 121
10* 10* 1094 1054 >10* i i * n o * 10*
•10* i i *
70* 10*
•H
*
•*
*
%
*»
*%
**
*
*154 2 *
2*
* !*
2*
*1* A *
*3*
2*
*1*
2M '1 *
20 • 20
20
20
21
21
21* *20% 21
§21
I20H 20*
*4
.....
.
•4
5
.
....
.
*4
0
5%
5%
5%
•i*
4*
•105 196* 196%197
19S%199
199 200% 198 199* 198% 108&
41
40
40
41
41
41
41
41
*38
4 1* 4 0 * 41*
§92%
92
92*
*89
91
§92
•S3* 91
*90«
92
*88* 91
•45
•40
*40
*40
*42

♦101

59
*57
58% *
$131
•122 124 *122
89* 8 9 * 89*
39*
25* 2 4 *
2 HH 24

•57
60
50* 57*
00
00
131*13174 •127 131
39*
S 3*
•52
IS 351
{5 0 *
•91
•3
•45

38 *
23*

*52’ '
055< §55%
h0* *50
92
•91
*3
6
•45
53

72
72
35 * 35*
•109% 110U
15
15
*0
7
•70
80
•16
25
•35
43
4854 4854
7
•e*
•8
5
285< 2»7l
•84 0
985, 98*
209 209
*1%
•5
8
•59
60
•0
94*

89
23*

#!.
25

55«
51
92
0
53

{7054 70*
135% S o*
1110 n o
13* 15
•6
7
•70
SO
♦16
25
42
•35
48* 48*
074 07.
•3
5
2874 23*
•340
99 100*
209% 209%
•1%
•6
8
*88* 60
18*
0).
25
25

•40
•40
4<
7*
7*
e. 7W
g * 885
67 *
3H4
32
80* or.5
»1 *
•119 128 •119
99* M2* 92*

•57

*52 "
57%
50*
91 *
*3
*45

39*
25
..... .

*52
57* *56
50*
51
91* 93
6
*3
53
*45

73
71
3374 35*
•109% 110%
13?4 14*
7
*6
•70
80
25
•16
•35
43
§48
49*
654 051
•3
5
29*
29
♦340
99* 100*
309% 209%
*1%
*5*
8
*58* 00
0
35 *

00
60
131

6
23*

*57
*
*126

00
60
181

39% 40
24$ 2454

•5*
6
85*

44
44
*40
§41
77
7*
77l
774
« 7 * 08
63?
06*
82?
31* 32
3174
91V
91* i n *
91*
123 5120 121 1122
92*
92* 93* 1 9274

*5%
5H 0
8655 2554 S25*

42
*40
7W
7*
07% 67
82*
33*
0 2* 02
122 $121
93% 92%

44 ,
40
7*
§7%
67% 07
347i 34*
93
93
122% §119
9254

(Q - i v e s t a t

mo
A sk .
f8 trf»o t R n l l w a y a .
2 «% 23
N assau E lec 5s 194 4.A & 0
98
99
N ew W m b‘gA F IIa tex .4% 8
$100
109% N Y A Qua Co 5a 1046.A & O
ek Ex. L ist
Bt e 1n way 1 st.6 a19 2 8.J &J
110
195
O T H E R C ITIE S.
104
103
B alt CoiiboI—Sto ck —See
101
103
, lirld g e p T r - ls t 5s ’ 23.J&J
$112
Buffalo Street R y —St-ook.
104
106
1 at consul 5s 1931. F&A
no
Crosstow n 5s 1932M AN
4
C h icago City R It—S to c k ..
7
List.
C ltR en a’ St (In d ’nap)-Ser

200

ir n a e c lla ii’ s S t o c k s .

230 * 97% A p r 29
dams Express
5,715 15% M ar 25
m erican C o tto n O il.. . .
2.804 6 6 M ar 14
Do
p re f
Am erican D is trict T e l . . . .
22 M ay 13
1,604 §110 Jati
A m erican Express.
300 24 J ’ ly 8
A m erican M alting,
750 7 6 % J ’lv
Do
p re f.
12,520
0% Jan 20
Am erican Spirits M fg .......
1,930 16 M ar 20
Do
pref.
2,752 37 J ’ly
A m erican Steel & W i r e . ..
Sfl w 8 8 % J ’ly 29
Do
pref
A m erican Sugar R efining. 343,060 10 7% M ar 26
2,192 103 M ar 25
Do
p re f,
261 § 8 8 M ar 29
Am erican T eleg. A C a b le ..
Am erican T o b a c c o . . ......... 30,725 8 3% Jan 24
005 1 l2 % M a r 11
Do
p r e f.
238 ~ 8 M ar 14
Do
d iv id e n d scrip.
2&Mar 21
ay S tate G as........... ..... 48,565
8 ' 106 M ar 20
rooklyn U nion G as........
440
Brunsw. D o ck A C. Im pvt,
9 J ’ne 3
olora do C oal A L D e v e l.
% Apr
2 J Me 6
Do
p ref
1,000 17 M ar 12
C olorado Fuel A I r o n .. . . .
' 200
Coi. A H ock . Coal A Iro n .
4 % J ’ly 25
5,078 107 M ar 20
Consolidated Gas (N . Y .) ..
1,61
C onsolidated I c e ..................
27% M ar 25
300 8 3% A p r 28
Do
p ref.
Consolidation C oa l...........
40 M av 17
9 9% M ay 24
Conaol. K an. C. L . A R . .
1 ,0 0 0 45 A p r 20
57V, D etroit G aa....................
100 61% M ay 20
00
^astern E le v a to r ..........
124 119 A p r 8
Jdison E lect. 111. (N . Y .)
131
57 1 06 % J’ n e 1 ‘
Edison E lect. 111. ( B ’ k ly n ).
6,705 29 WMar 12
3094 G enera lE le c tr ic — . . . . . . .
2,435 1594A p r 2 2
awaiian Com . A Sugar.
8474
§8794J’ne 20
B. Clatiin C o . . ,
**'*** H om. estak
e M ining,
43 A p r 2
877 4 4 % A p r 25
56 Illinois S te e l........... .
1,508 S7% M ar 25
aclede Gas (St. L o u is ).
51
220 85 M ar 12
93
Do
p re f.
4 Jan 20
0 11T an h attan B ea ch C o .. . .
45 M ar 28
52 H Xaryland Coal, p r e f .. . . .
140 M ar 9
M ergenthaler L in o ty p e . ..
§54 Jan 29
M ichigan P en in . Car, p re f.
455 57 Jau 20
72% M innesota Iron,
3,980 20% M nr 26
ational L e a d . . .
35%
151 99 A p r 22
Do
pref
109%
5,840
4 J ’ ly 28
8 * N ational L in seed O IL . . . . .
7 N ational S ta rch ..........
5 A p r 25
60 M ar 25
80
Do
1st prof.
15 J ’ n e 29
25
Do
2d pref
42 New Cent. Coal (n e w sto ck )
4,130 14 A p r 5
529-1 N. Y . A ir B ra k e ........
1,330
4)4 Jan 15
N orth A m erican Co.
3% Jan
4
O ntario Silver...........
0,155 21 A p r 21
acific M a il. ..... .
2094
§325 M ar 23
ennsylvanla C o a l. . . . . . .
100 P e o p le ’s Gaa-L. A C .(C h ic.) 44,738 8 6 % M ar 26
8.018 105 Mar 12
211 P ullm an's P alace Car. . . . .
2 Jan 20
uicksilver M in in g . .....
100
5 J ’ ne
Do
prof.
5%
56% Apr 4
ilver Bullion Certlflo’t's.
»«*
143%.Tati 21
tandard Gas (N. Y . ) . . . , .
8 )4.1 an
3
935
6 Standard R o p e A T w in e ...
6,512 17 M ar 12
25% rP e n n . Coal Iron A R R . . .
5 M ay 27
1. exas P acific L aud T ru st
15 38 A p r 14
nited States E x press ..
41
1,380
5>4A p r 25
nited States L e a th e r ..
18,720 53M M ar 26
Do
prof
07%
307* U nited States R u b b e r ........ 55,905 14 (4 M ar 1 2
Do
pref. 10,132 60 M ar 1 2
95
312 i l l 2)4M ar
ells, F argo A Co .
119
1 2 .5 9 0 1 82'4M H r20
estern
U nion ”*
Teleg"h.;
e
‘
9274

of

Bid.
105
101
$114

!4 7 % F e b 165 O ct
9% May 26% Sep
5 2% Feb 80% Sep
21% D ec 27 J ’ ly
109% Jau 119%Nov

A

B
C

H

N

Q
S

U

W

715*

Balt-L
$100
105
81
$111
112%
$108% n o
270
275
P h il a list.

5 2% J’ ly
7 % J’ ly
4 J’ne
32% F e b
§350 F eb
104% M ay
216 J ’ ly
2 % Jan
6 % J ’ he
59 J ’ly
§147 Jan
7 M ay
2 8 % Jan
7% J ’ ne
545 Feb
8K M av
69)4 May
3 0% J’ ly
95 J ’ ly
124. J ’ n e
95 J ’n e

D eo

9
6 10 9% Mar
0 1 0 0 %Jan
85% J an
07% Feb
7
28 100 Feb
29
3 % O ct
21
85 Jan
24

15 9% Sep
l% $ e p
94 J ’ ne
90% A u g
115 A u g

28
8

2 Aug
5 Sep
2?% S ep
7% Aug
241% Sep
4 l % J ’ly
9 0 % J ’ly
37% M ay

12

21

11

16% A u g
137 Sep

J t f ’iy

2 Oct.
1 5% J’ ne

3%'J’ne
13
9 136%Jan.
2 8 Nov80 J ’ne
15
85 F eb
14
24
20 Jan.
21

60

N ov

1

101% Jan. 182% Sep
97 Feb 115% A u g
28?4May 41% Sep
0
15
8 1 % J ’ly io i% 6 ct
10
35 M ar 4 5% D eo
21
1 2 9 % A p r 50 A u g
22 May 4 9 % A u g
8
70% M ar 96 A u g
14
J ’ne
4 Aug
24
52 D eo
40 J ’ly
10
10
42 M ay 61 Sep
29
60 A u g
8 8 Apr
29
21% F e b 44 Sep
7
8 8 % F eb !0 9 % S ep
21
10 M ay 2 8 % A u g
23
3 M ay 13 A u g
10
51% M ar 90 Sep
18
45 A u g
8 % Apr
27

20
IS

22 D ec S l% A u g
29
6 % Aug
3% A p r
7
10% Jan
3% N ov
11
24 Jan. 39% 3ep
4
25 380 D ec 340 Mar
01 N ov 9 7 % D ec
31
" 152 Jan. 185 Sep
4% Aug
l % J ’ ne
13 A u g
8 Apr
18
51% A u g 65% Jan
12
81 Jan. 140 Deo
24
2 % D e c 1 i% J a n
23
17 May 35% Sep
11
9 Aug
6 A pr
8
37 F eb 48 J ’ly
9
0% M ay 1 0 % A u g
24
50 A p r 72 Sep
25
10 J ’ ne 25% Jan
29
29| 50 J ’ ly 76 % Jan
20 Deo
2 4 1 97 Jan.
7 5% May 90% Sep
24

4 E x d iv id e n d o f 100 per cen t in bonds.

7 c o n s e c u t iv e
A sk .
107
103

15% A u g
36 A u g

6 % N ov

15
4 3% J ’ly
9 2 % J 'ly
M 5 % J ’n e
110 Jan
§95 J ’ ly
123 J ’ly
129 % J’lv
90 J ’ ly
5% Jan
125 J a n
14 J ’ne
% JAn
2% A p r
26%,Tan
7% Jan
205% J’ue
42 % J ’ ly
91 F e b
145 F eb
99% M ay
0 3 % J ’ ly
6 6 Alar
135 Jan
122 % J’ ly
40% J ’ly
3 6 % Feb
9 2% F eb
50 M ay
60 J ’u e
52 J ’n e
94% Jan
5% Jan
§5 3 J ’n e
145% F eb
§54 Jan
7 0 % J ’ ne
37% Jan
110 J ’ ly
2V% M ay
9 Feb
80 Jan
30 Jan

P

§ Less th an 100 shares.
foot

1 A p r l l% S o p
9% Sep
4% M ar
l l % A p r 2 4% Sep
100% N ov 112 A u g
0% Jan
% J 'ne
2 % A p r 29 Jan
4% Aug
1 J ’ ne
8 Sep
6 Sep

L

*71
73
35
35
§109% 110%
4
9
•0
7
80
•70
*10
25
42
*35
49
50%
054 m
•3
5
29* 20*

* T h e*e are bid and asked prices ; u o sales on tills day.

S t r e e t R n llv r n v a ,
B 'k ly n K iev, all a«?'te pd.
B k in H gteletO * 1041A& O
BQ naCd.&8.— let 5a. 1041
B k lyn R a p.T ran .—See 8to
Cal.Cem G r.AB k y n la t He
Comer Island A B rooklyn.
1st 5a 1 9 0 1 . . . . . ....... TAJ
5a c e r tfs lndbt 1910. J A J
B 'k C A N e w 5s ’ 30.J& J
G r.8L& N ew 18t5a’ O0AAO
G ’ p’ t A T>>rlmer S b 1st 0e.
King® Co. E le ra L —Stock
B on d s—See Stock E xch .

39%
24*

*71
35
§109%
5*
♦6
*70
•10
•85
51%
*0*
•4
29%
♦<U.l
98M 100% 98%
209% 210
211
*1 ii
8 1 *5% 8
5%
*6854 69* *58%

0*
20*

9 % D e c ' 14% D eo

5,8 8 <
59,689
10,368
745
2,290
1,700
2,073
6,455

J

•56 "’
07* 56
50
56
51H 51% 51% §51
93
*92
*92
93
6
*3
*3
0
52
•45
52
*45

170* 72
35* 36
ii09% n o
n * 13*
*6
7
*70
80
*16
25
*35
42
48* 49*
654 0*
4%
•3
2954 30
•340
99)4 100*
209% 210

OUTSIDE SECURITIES

57 *
*
*126

Tw in City R a pid T ran sit.
VTnton P a cific R y ...........
'-J D o
. ..p r e f
On. P ac. D en. A G., tr. re c .
yyabash .
Do
p ref
W est C h icago S tre e t........
W heel. A L . E., $ 2 a s s ’tp d ,
Do
pref. $3 do
W iseon, C e n t, v o t. tr.ctfs .
Do
pref.
do

pages)

.—

B id.
S tr s ^ t R a llw a y a .
55
C leveland C ity R y . ........
Clove! C a b -1st 5a ’ 09 .J A J 100
50
Cleveland E le ctric R y .
Con 5s 1 0 1 3 .. . ....M & S $108
49
Co l mu b u s (O h io )—S tock.
101
Grin 5a 1 9 3 2 .. . .......J&J
Croaflt’ w n -l st.5s’ 33JA D 1 0 0
Consol T ra ct’ n (N J ) —Sec P b ila
L ake St (C h lc)E le v -S to ck
12%
70
1st 5s 1 9 2 8 ...............J&J
L ou iav St R y —5 p o bonds $112
84
C om m on ....... ...............
06
P re fe rre d ....................

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

00
102

53
106
50
102
101 %
list.
13%

i i ’%
39

100

S tr e e t R n ilw n y a .
L o v e E le c t True ( C h i c )...
L v n n A B o s -ls t 5 s ’ 24.JA I)
M etrop W e s t Side (C h ic ).
1st 5s 1 9 4 2 ............. F&A
M lim eap St R y -S g ’ lO.J&J
N ew O rleans T r—C o m .. . .
P r e fe r r e d ................. .
N o te s 6 a 1904........M&N
N orth Chicago— S to c k —
1st 5s 190 6-1 0......... J&J
N o Shore T r (B o s t)-C o m .
P r e f e r r e d .........................
$ B u yer pays accrued

Bid.

A sk.

5108*

it* *
3
55

$ 54%

......

i
. 0
210

3
9
75

$104

105

10

12

80
77
intere Bt.

THE CHRONICLE.—BOND

J uly 30, 1898.]
BONDS.
ir.Y.STOCK E XC H AN G E
W ee k E nding J u ly 29.

Price
F rid a y,
July 29.

i i

Bid.

TFeefc’s
Range or | l |
L ast Sale.

Range
from
Jan. 1.

Ask. Low. High. Ho. Low. High

91 Jan.’08
M-N
91
91
Alabama Mid 1st g u g... 1928|MNj
Albany A Susq. See D A H.
Allegheny Val. See Penn Co.
Am Dock A I. See Cen o f N J.
85* 11 81
Q-Jt
Ann Arbor 1st g 4s...... 1995 QJt 86 ........ 8 4 «
86%
35
95* 794 85
95%
Atch T & S Fe gen g 4s . 1995 A -O
- O 95% Sale
89% Mar’98 .... a m 89%
Registered................ 1995 A -O
Novf 70% Sale
71 1410 539* 7194
69*
Adjustmentg 4s........1995,Novt
Novt
Registered................1 9951N
o vt
Equip tr ser A g 5s.... 1902 J - J
Chic A St Louis 1st 08.1915 M -S
Atl Av Bklyn imp g 5s.. 1934 J - J
10 95
Atlan & Danv 1st g 5s. .1950 J - J 97% 98
Atlanta A Char. See Sou Ry.
I
Austin A N W. See So. Pac.
at Creek A S.See Mich Cen
B
3 aalt A O 1st 0s Pkbg Br.’ 19' A - 0 112% Sale 112)4 113)41 15‘~ 100 118)4
Gold 5s..............1885-1925 F -A .........110% 115)4 116)4 109 80 110)4
Coupons Off......................
••!
110 ?
95 11394
Registered...... 1885-1925 F -A
110 %
5
90 111)4
n o » . u i%
Eng certf of deposit— ........... ,|*iii
Consol gold 5s............1988 F - A •114%
114)4 115)4 1^2 91 11 ")4
103 11394
................ 11394 J’ly ’98
Registered...............1988 F -A
97 lio)4,
J P M A Co ctfs of dep...
114)4 Sale 114-4 115)4
BaltB’ltlstg5sintgu.l990 M-N 98 100
9994 100
84 , 100
W Va A P 1st g 5s...... 1990 A - 0 .................
Monon Riv 1st gu g 5S.1919 F - A ................
Cen Ohio R lstc g4%sl9S0 M- S 102% ...... TOO J’ly ’98!
99 100
ColACinM Istext4%sl039 J - J ................ ..............
AkACJ 1sttntgug5s.1930 M-N *103)4......
101
101
Coupons off............................... 102)4
5: too ioi
Pitts A Con 1st g 4s... 1940 J - J
.................107)4
107)4 10 105)4 107)4
~
~S
" ------------ . . . - 1990 J - J, *10194 103 101)
BAO
W istf gug4)4s.
ioi% ; 14) 98)4 103
»u J’ne’«7
BAOSW Ry con g 4)4s 1993 J - J
27)4 J’ne’98
27
1st luc g 5s ser A ... .2043|N<»vt
27%
15
9 J’ne’ 98;
8
Senes B.............................2043'T>ect
9*
B A O SW Ter Co gu g 5s.’42 M-N
Ohio A Miss lstco n 48.1947 J - J .................. 105)4 Jan.’ 9* ... 105)4 105%
122%
J’ly
’08,
...
2d consol 7s............... 1911 A - 0 *121 ........
___ ______ 1.
12094 122%
1st Spr’gfieldDlv 78.1905 M-N
,100 105)4 100 | 34 102)4 107%
1st general 5s........... 1932 J - D
Beech Creek. See N Y C * II.
Bel A Car. See St L A A T H.
Boonev Bridge. See M K A T.
Bway A 7th A t. See Met S Ry.
112 J’ly *98 j
Bklyn City 1st con 5s 1916-41 J - J *112
112 113
92)4] 02
92% ! " s ' 79
Bklyn El Tr Cocf Istg6sl924 .......
91
93
80 J’ne’ 98
80
Tr Co ctfs 2d g 5s...... 1915..................
80
68 May’98
3d lnstal pd..................... |........ .................. I 08
08
08
70% D
Dec
’07
8 ABBTCocfs lstgug5s’4 2 ........ ................... 70%
ec’9
3d Insta! pd.................. I....... ....
91%
91% 49 80
Un El TrCocfs lstgug0s’3 7 .......
91
92%
102* 103* ' 42 01 104
Bklyn Rap T rg 5s......... 1945 A -O 103
Bklyn A Montauk. See L Isl.
Bruns A West lstg 4; ..1938 J - J ............... .
Buff N Y A Erie. See Erie.
Buff R A P gen g 5s...... 1937 M -S 106 Sale 100
106
104%100
Debenture 6s ............ 1947 .1 - J ..........................
...1 2 7 Mar *98
Roch A Pitts lstg 0s..1924 F -A *12
127 127
Consol 1st 0s...........1922 J - D *12494
'
........ 122 J’ly ’98
122 123
Cl A Mab 1st gu g 5s.. 1943 J - J
...1 0 3 Apr’ 97
Buff A Southwest. See Erie.
Buff A Susq 1st gold 5s.. 1913 A- O
Registered..................1918 A-O
Bur 0 R A N 1st 5s........1000 J - D 100%
106% J’ly ’ 98
104% 100
Con 1st A col tr g 5s... 1934 A - O 107 Sale 107
107 j 83! 100 109
Registered...............1034 A - 0
M A St L 1st gug 7 s.. 1927 J - D
C R I F AN W ls tg 0s..’20 A -O • ib s" ........! l b s " DecV97
1st gold 5s................... 1921 A -O 105 ........ 105 Jan.’98
105 105
South 1st 5s... 1008 J - J 108 109 |108% 108% ” •4 107% 111%
Canada
2d 5s........................ 1913 M-S 108% n o
109% J ’ly *98
105 111
Registered.................. 1913,M-SI ....
100 Jam’ 97
CarbAShawn. S«3tLAATII.
Carthage A Ad. See N YC A LI.
C R la F AN. See B O R A N.
Central Ohio. See Balt A O.—i
Cen RR A Bkg Co of G a .1
Collateral gold 5s........1937 M-N ....
92% J’ne’98 .
87
98%
Cent of Ga Ry—lstg 5s.. 1945 F-A4 *116 117% 114% J’ne’08 .
114 119%
Registered...... .....1945 F-A1 ....
Consol gold 5s............. 1945 M- N 89% Sale
89% 140 84% 02%
Registered...............1945 M-N
1st pref Income g 5s. ..1945 Oct.4
1 30
44%
30%
12
2d pref Income g 5s__ 1945 Oct.4
18 | 10% 15%
in *
12
8d pref Income g 5s. ...1045 Oct.4
5
5*
7*
4% 8%
4*
M AN Dlv lstg 5 s.... 1946 J - J
92 Jan.’ 9£
92
92
Mobile Div 1st g 5s----1946 J - J
00 J’ly ’ 98
95% 99
84
Mid Ga A Atl Div 5s.. 1947 J - J
Cent of N J—1st con 7s. 1899 Q- Jt 102H
103 J’ly ’ 08
..1 0 3 104%
1st convertible 7s...... 1902 M-N
113% Dec *97
Convertible deb 0s— 1908 M-N
112%
3 I1 1 0 * 1 1 2 *
112*
General gold 5s........... 1987 J - J 112% Sale 112% 1 1 2 *
38 100% 115
Registered................1087 Q-Jt 111 ......... 1099* n o
11' 1089, 114%
Leb A W B C con as 7s. 1900 Q-M) 100% Sale 100
100%
20
99% 1 0 3 *
5 s..............................1912 M-N
01
J ’ l y ’ 08 . . . . , 90
93
Am Dock A Imp Co 5s. 1021 J - J
115 J ’iie ’ 98 . . . . 110
110
N J South lnt guar 0S..1800JJ - J
Central Pacific—
101*
io ih

......... 103
......... 103
102
i o i % .........
1 0 1 % .........
101
......... 102%

Guaranteed g 5s.........1939 A - O
Speyer A Co eng cts........!........|
Land grant gold 5s----1900 A- O m i *
C A O Dlv ext g 5s....1918 J J 1 0 2
Wastern Pacific g 6s .. 1899<J - J 1 0 1
No of Cal 1st gu g 6s. .1907 J - J
Guaranteed gold 5a. 1 9 3 m A -O *101
Charles A Sav 1st g 7s.. 1030 J - J

F e b .’98 . . . . 103
103
F eb .*98 ------ 103
103
J ’ l y ’ 98 . . . . 101% 103%
J ’ n e ’ 98 . . . . 1 0 2 % 105

.......... 102
......... 101
......... 104

M a r ’08
J a n .’ 98 . . . . 101
J ’ n e ’ 99 . . . . 1 0 1

101
104

......... 102
40

102% 35 i io o
F e b .’98 ....| i 40

102%
40

Gold 0s series A ........... 1908 A-Ot 1 1 0 .........
Gold 6s......................... 1911 A-O* 1 1 9 % .........
1st cons g 5s....... .....1039 M-N 1 1 4 % .........
Registered.................1939 M-N I

Price
F rid a y,
July 29.

BONDS.
N. Y. STOCK EXCH AN G E
W e e k E nding J uly 29.

A Chic Jnc. S*eBAO.
A kron
labama Cent. See Sou Ry.

Ext g 5s series E........1898 J - J
Speyer A Co ctfs dep E. 1900 .......

PRICES (5 pages) aagb L

101% Jan. 98 . . . . I 1I O I K I O I H
119
no
5 1118 120X
120
l! 115% 120%
120
117
114*
114%
23 111
114%
114 F eb .’ 98 . . . . 113

Week's
Range or
Last Sale.

211
Range
fr o m
Jan. 1.

Bid. Ask. Low. High.
Low. High
Ches A Ohio—(Con.)—
Gen gold 4%s.............. 1992 M -S
84)4 Sale
84
84%
73% 85
Registered................ 1992 M -S
R A A Div 1st con g 4s.l989 J - J 103)4 105 103)4 J’ly ’ 98
99 105%
2d con g 4s...............1989 J J 90)| Sale
90 % 90)4
90% 94
Craig Valley 1st g 5s.. 1940 J - J
95% May’98
95
99%
Warm Spr Val lstg5s.l941 M -S
Eliz Lex A B S gu g os.1902 M -S
103% 103%
97% 104
Chic A Alton sink fd 08.1903 M-N
113% Apr.’ 98
112% 113%
Lou. A Mo Riv 1st 7s..1900 F -A
108 J’ne’98
107 111
2d 7s......................... 1900 M-N 107 108 107 J’ly ’98
107 107
Miss Riv B 1st sf g 0s..1912 A-O 102)4......
Chic Burl A Nor. See C B A Q.
Chic Burl A Q—Con 7s..1903 J - J 115
115% 115%
113%118%
Sinking fund 5s.......... 1901 A-O *104
104% J’ly ’98
104% 107
Debenture 5s...............1913 M-N *107
107% J’ly ’9S
104% 109
Convertible 5s............. 1903 M -S
. 112% 112% .J’ly ’ 98
104% 112%
Iowa Div sink fd 5s.. .1919 A-O
109% Feb.’ 98
109% 109
4 s............................. 1919 A-O 101
101% J’l y ’98
98 104
Denv Div 4s............... 1922 F -A 100 % •
99% J’ne’98
9-7 101%
4s................................ 1921 M -S
99 J’ne’96
99 100
Chic A Iowa Div 5s... .1905 F - A
99)4.
Nebraska Exten 4s.... 1927 M-N
99% 100%
95% 100%
Registered............... 1927! M-N
97 May’98
97
97%
Han. A St. Jos con 0s.. 19111M -S
120 J’ne’98
119 123
Chic Bur A Nor 1st 5s.l926 A - O ........I l l
109% J’ly ’98
105 110%
ChlcAE 111—1st sf cur 6s.l907|j -D 115% 11
114% 110%
114% J’ly ’98
Small.......................... 1907 J - D
1st con g 0s................. 1934 A- O 123
122 Apr.’98
122 130
108
General con 1st 5 s.... 1937 M-N
Sale 107% 108
101% 108)<
Registered.............. 1937 M-N
100% J’ne’98
101 100)*
ChicAlndCRy 1st 5s. 1930 J - J 102% Sale 102% 103
100%109
Chicago A Erie. See Erie.
Chic Ind A Louisville—
Louisv N A A Ch lst0s..TO J - J
115% J’ne’ 98
112 115%
Chic Ind A L ref g 5 s.. 1947'J - J ■90 ........ 90
90
80
90
105% Sale 1103
Refunding g 0s...........1947 J - J
105%
90 10f%
Chic Milwaukee A St Paul— I
1st 7s $ gold R D........1902 J - J
■142 May’98
1st 7s £ gold R D....1902 J - J
1st Iowa A D 7s.......... 1899 J - J
145 J’ly ’98
IstC A M 7s............... 1903 J - J
141 Apr.’98
Chic Mil A St P con 7s. 1905 J - J
145 J’ly ’98
1st I A D Exten 7s.... 1908, J - J
145% J’l y ’98
1st Southwest Div 0 s.1909: J - J
117% May’98
1st La Crosse A D 5s.. 1919 J - J
110 Mar’98
1st So Minn Dlv 0 s.. ..1910 J - J 118 ...... 118% 11
1st Hast A D Div 7s.. .1910 J - J 125% 129 123% 128%
5 s............................ 1910 J - J
109 Oct.’ 97
Chic A Pac Dlv 0s...... 1910 J - J 118 119 118% J’ly ’ 98
Chic A P W lstg 5s.... 1921 J - J 110% Sale 110% 116%
Chic A Mo Riv Div os. 1926 J - J
11834
Mineral Point Div 5s.. 1910,J - J *109% 110%|107 Mar’98
Chic A LSu Div g 5s.. 1921 J - J
1112 Apr.’98
Wis A Minn Dlv g 5s.. 1921 J - J 114% .
,114 J’ne’98
Terminal gold 5s........1914 J - J
113 J’l r ’98
Far A Sou assu g 0s.. .1924 J - J
127% Jan.’98
Cont sink tund 5s...... 1916 J - J
100% May’9*
Dak A Gt Sog 5s........1910 J - J
1114 J’ne’98
Gen gold 4s series A ..1989 J-J§ 105% 100 105% 106
Registered............... 1089, Q- J §
105% Feb.’98
Mil A No 1st M L 0 s.. 1910 J - D .......... 120 120 Mar’98
IstconsolOs..............1913 J - D 1 2 0 % 1 2 1
120 J’ne’98
Chic A Northw—Con 7s. 1915 Q -F 143 145%;142% J’ly ’ 93
1 1 4 ' 114
Gold 7s........................1902 J - D 113%...... .....................
Registered................ 1902 J - D 114% Sale 114% 114%
Sinking fund 0s.. 1879-1920 A-O 110 119 110% J’ly ’98
Registered......1879-19291A- O
115 J’iy ’98
Sinking fund 5s. 1879-19291A-O 108 111 1108 J’ly ’98
Registered...... 1879-1929 A -O
,107% J’ly ’98
Sinkiog fund deb 5s... 1933!M-N tl7% 119% 110% J’ne’98
117 Mar’98
Registered................ 1933 M-N
25-year debenture 5s.. 1909' «•- N *108% 110 1110 J’ly ’98
j109% Mar’98
Registered...............1009 M-N
112 May’98
30-year debenture 5s.. 1921 A - 0 T 14% .
117% Feb.’98
Registered................ 1921 A - 0
Extension 4 s.... 1880-1926 F- A -105% 107% 105% J’ne’98
103 J’ne’98
Registered...... 1880-1920 F- A
, 102% 102 % 102 %
Gen gold 3%s.............. 1987 M- N |
Registered............... 1987 ]Q - N
106 107%
107% May’98
Escan A L 8up 1st 0s.. 1901 J - J
Des Mo A Minn 1st 7s. 1907 F- A
Iowa Midland 1st8s ... 1900 A- O
Winona A St Pet 2d 7s. 1907 M-N
117 117
117 Jan.’98
Mil A Mad 1st 6s........1905 M
109 Mar’08
109 109
Ott C F A St P 1st 5s..1909 M -S
105 105
105 Apr.’98
North Illinois 1st 5s... 1910 M -S
132%137
135% 135%
Mil L S A W lstg 6b.. 1921 M-N 134% .
105% Feb ’ 9‘
Convertible deb 5s.. 1907 F -A
113% J’ne’98
113% }17%
Ext A Imp s f g 5s...1929 F -A 117
133 134
134 Mar’98
Mich Dtv lstgold 0s. 1024 jj - J 131
133 135
133 May’98
Ashland Dlv lstg 0sl925 M-S 131
112 113
112 Apr.’98
Incomes..................1911 M-N
127% 132
Chic Rock I A Pac 0s— 1917 J - J 128%...... 129% 1897/
128 131%
127% 130 129 J’ly ’91
Registered...... ,....1917 J - J
104% 108
107 J’ly ’98
Debenture 5s............. 1921 M- S
Registered............. 1921} M -S
General gold 4s..........19881J - J 104% Sale 103% 104% 447 102% 105%
103% 103%
103% May’98
Registered.............. 1988 J - J
85 . 92
92 Feb ’98
Des M A Ft D 1st 4s.. 1905 J - J
09% 70%
70 Feb.’98
1st 2%s................... 1905 J - J
83 Mar’97
Extension 4s.......... 1005 J - J
103 109
107 J’ly ’98
Keok A Des M 1st 5s.. 1928: A -O
100 Apr’ 9~
Small................................ A -0
Chic A St L. S w A tT A S F .
Chic St L A N O. See 111 Cent.
Chic St L A Pitts. See Pa Co.
120% 138
Chic St P M AO con 0s.. 1930 J - D *135 137% 135% 130%
128 133
132 J’ly ’ 98
Ch St P A Min 1st 6s..l918;M-N 130
Nor Wisconsin 1st 0a.. 1930 J - J
120 132%
131
StP AS City ls tg 0si 1910 A - 0 130 133 131
79% 87%
86%
80 Sale 80
Chic Ter Transfer g4s . .10471J - J
100 J’ne’97
Ch A West I 1st s f g 0s. 1919 M- N
117% 122%
118% J’ly ’ 98
General gold 6s...........1032 Q- I) 118% .
Chic A West Mich Ry 5s. 1921 jj - D
Coupons off................. 1921 ..
119 Oct.’97
Un H A D con s f 7 s.... 1905!A -O
103% Oct.’97
, 2d gold 4%s................ 19371J - J
107%111%
110 J’ly ’98
i CiaD A I 1stgug 5s.. 1941 M-N ♦110
! U St L A C. See C C C A St L.
131n 8 A C. See C C C A St L.

* No price Friday; these are latest bid and asked this week, t Bonds due July. XBonds due Nov. ||Bonds due June. 7 Bonds due Jan. § Bonds due May.

OUTSIDE SECURITIES
I Bid.
Prov A Pawt’ck-latOs
___
|3105
Riohru RyAElec-lst 5s’20 3 78
Rochester Ry..................
9
Con 5s 1930......... A AO j
Scranton Traction....... 5< k 10
0 « ................................ I 105
Bo Side Kl (Chic)—Stock
50
Twin City R Tr—Com...
10
Preferred .....................
Un’d TrAElecf Prov)-St’k 1 80
1st 5s 1°93
3105
W**t Chicago o t ...
Con 1936..............MANrl
H tre e t R n llw a y H ,

(G i v e n at foot

Bid.
1Ask. [|
Cine S e c u r i t ie s .
106 ! West Kud—See llcston Kxcb
81 1 Worcester (Mass)Tr-Com
15
| 12
94%
Preferred.....................
98*
NEW YORK.
1
|108
Central Union Gas—
1 60 | 1st 5s 1927.............JAJ 3104%
j 20
Con Gas (NY)—Stock—N YStk
iioo
Deb 5s 1908..........MAN 108
i 64
Eqult Gas........................
,107
1st 08 1800........... FAA 3101
04 1 Con. 5s 1032..........MAS 3113
330
....

of

7

Ask.j

c o n s e c u t iv e

pages). —

Gan Securities*.
Bid.
New Amsterdam Gas—
Common.......................
17
31%
96 , Pref...............................
76%
1st consol 5s................. n o w
N Y A East River Gas-*
1st 5s 1944.............JA.J n o
Consol 5s 1945...... JAJ 105
io m

GAS S E C U R IT IE S , &c.

Ask.
32
77
102*
112
107

Bid.
G as S ecu rities.
BROOKLYN.
Brooklyn UmGas—N Y St ock E
1st con 5s—N Y Stock Exch.
Williamsburg Gas—1st 0s §102
OTHER CITIES.
Baltimore Consolidat—Se e Balt.
Bay State Gas—N Y Stock Exch.

Ask.
xch.
103
List 3

Boston UnitedGas Bonds- -Bosto nLlst
1st 5s 1927............ MAN
90
95
Buffalo City Gas—Stock.. 23% 24%
Standard Gas—
1st 5B 1947...........A&O 5 95M y « *
102% 1 Common........................ 137 141
Burlington (la)Gas—Stck
110
§And interest. tPrlce per sh are.
1st 5s 1980.......... MAN §110% 414*
840
111

THE CHRONICLE.—BOXD PRICES (5 pages) Page a.

212
BONDS.

53

R .T .8T O O K E XC H AN G E f i t
W bkk r n m n o J c i .y i 9 . fiaj

J V l«
fYifiayt
July br .

Range
from
Jan, 1.

Range or
Zatkt Sale. ;a$

Rid. A ik. Low High. R o.
Oity A S By Bait 1st g 6s. 1932 J - D
Clearfield A Main S « BIUP.
01 Ak * C eq & 64 g 6#..I960'P- A • .................. .......................
Cl A Can 1st 5e trr«o...X&l7iJ - J '■*___ ,, 67
70 J’no’98
C C C & St 1L—Gem g 4*..1093 .1 - D *. 81%
«9 JW OS
Cairo l»iv 1st gnt<l4».,i9S0 J - J ...... 88
J’no‘ 08;
St L Div l *i COl tr g 4a.)000 M- N 00 % t>0“ , U05J
96*4
Registered...............1090-M-N ...........
00 Mar’98 j
6pr A Col Div l*tg 4s. 1040 M- H ...... . ....
W W V*1 Dlv 1st u 48.1040 J - J • ----- SO
80 J'no’98: •
00 Apr.'03 •
Gta W A M Div 1st R48.1001
..........J - J
00
CIO I St L A C 1st* 48.1030 g-Fli 101
09% May’08!
Batffttervd . . : ......... 1030 Q-Ft
Consol 0s. . . . . . . . . . . . lOSOi -U-N
Cln S A Cl et>n 1st g 6». 1028 *1 -*Jj .................. 114 OOL’97
Ind B1 & W 1*1 pf 7s.. 1000 J J ..................107*4 Feb '97
103
O Inti A W 1st pf 5jg..I03fuO-J4 ‘
77«
77%,
Peo A Kast 1*1 eon 4s. 1040 A - O . .... . 79
16)4 J’ly ’ 96
Income 4 s,... . . . ...... 1000 A p r * ........ 17
103)4 103)4!
01 C C A lad 1st* f 7 s... 1390 IU-N 103
rContol 7s................... 1914
182 185)4 185)4 lSOj^l
Consol sin k !ru tfd ?s.,.1 9 l4 J -D ...... .
12794 May’98j
General consol gold 6s. 1934 J ■ J *181%
Registered , . . . ........1084 . f - J .........
CAS U t M C C C A 1 7s. 1901 A - O ........
107)4 O'Ot'97
103 May’98
Cl 1 or A Wh eon 1st 5s. 1933 A -O ........
Cler a Marietta. See Ph RR.
|
Clev a Mali oil VhJg ts.,1938 J - J *110
Rvmitstered............. 1938 Qu-J . .... .
Qlev A Pitta. See Penn Co.
C-ol Mldi d—1st g 2 3-4s. 1947 J - J 50)4 67)4 50
56)4
1st g 4 « ..................... 1947|J ~ J
Col & 9th Av. See Met St Ry. i
Cojuui A Greenv. See So Ry.
OolH V ATol—Oong 5s. 1931 M- S
Oct.’ 97
79
J P M A Co eng efs $05 pd.......... 70 Sale
Feb.’ 98
00
General gold 6s..........1904 J - D
50
General lien gold 4b. . .1996 J - J
Registered . . . . . . . . . . 19901J - J
Col A Cl ii Md. See B AO.
|
Col Conn & Term. See NAW
Conn A Pas Rivs 1st g 4s.’43 A - O
TAak A Gt So. $ec CM A St P.
-LS&Uaa a W aco. See m E A T.
Del Lack A Western 7s.. 1907 M- S
122 Apr.’ ftS
126
126
8jr Bing A N Y 1st 7s. 1900 .A- O
140 J’l y ’98
Morris & Essex; 1st 7 b. 19141JI-N
7 s ..............................19091J - J
109 Nov’97
110% J’ne’fiS
7s.....................1871-1901 A -O
1st con guar 7s........1915 J - D *
139 J’ne’08
Registered........... 1915'J -D
N Y Lack & W 1st 08..1921 J - J
. 18094 JTy’98
..
Construction 5s...... 1923 F- A
.118)4 Nov’97
Warren 2d 7s.............. 1900 A- O
Del & Hud 1st Pa Div 7s. 1917 M- 8
143 May*93
Reglsl *red................1917IM- S
143 May’ 9 7
Alb A: 3 i*lBtcongu7al9O0 !A- O 122)4 •
128)4 1»3)hS
Registered......... ....1906 A - O
Gold Os.....................1906 A -O 11594 I*7 115 J’ne’98
Registered............. 1906 A - 0
117 Feb.’ 98
Bens A gar lat7a....... 1021 M-N 142)4
14894 Aug’9
Registered............. .1921 JI-N*141
141 May’98
Del Riv RR Bgo. Set Pa RR.,
Den ConTr Co lstg 5s..1933 A -O ] ....
Den Tram Co con g 08,1010 J - J ....
Met Ry Co 1st gu g 08.101 IIJ - J —
Den A R Gr 1st gold 7s.. 1900!M- N 10934....... 10994 110
1st con g 4s.................1036; J - J i
95)4 Sale
95
95%
Improvement gold 5s.1928i.l-D * 98% 95
94%
94%
Dea M & Ft D. See C R A I P.l
De» 31 A Minn. See Ch A N W.
Dee M Un Ry 1st g 5 s.. .1917 M-N
( J’ne’ 98
Del MATol. See L S A M So.
Del A Mack l8t.lleng4fl.1995 J - D
Gold 4s........................ 1995 J - D
Dul A Iron Range 1st 5b. 1937 A- O
105)4 106
Registered..................1937 A - O
2d lien mortgage 0b... 1916 J - J
Dal Red W A S 1st g 5b. 1928 J - J
92% Feb.’
Dnl So Shore A At g 5s. 1937; J - J
107 J’ne'98
of Minn. See StPMAM. I
E ast,
astT Y a A G a . See.So Ry.'
Elis Lex A B S. See C A O.
Kim Cort & No. See Leh ANY. 1
Erie 1st ext g 4 s........... 194 7 Jl-N 113
113
113
j . 2d ext gold 5s...............1919 M- S 110
,117% J ’ n e ’ 98
3d ext gold 4%b...........1023 M -8 112
111% J ’ n e ’ 98
4th ext gold 5 a ......... 1920 A -O 117
117 J ’ n e ’98
5th eit gold 4 b. . . . . . . . 1928 J -D
104% J ’ n e ’ 08
Iftt- consol gold 7iu...... 1020 M -S '143 140 143 F ly '98
lflt COJlftOl gold fd 78.. 1920 M- 8
140 M ay’ 98
. 139% 137 J ’lv *98
1 ILong Dock con gold 05,1985 A- O
N Y A Erie I»t7B.1916 .1 -D
133 J ’ n e ’ 98
Buff A S W gold 08....1908! J - J
Small ............................... J - .1
106 Feb.'98
* Jeff RR 1st gu gold 5s. 1909 A-Ol 1 0 4
Chic A Erie l e t « 5b. . .1982 M - J N
113% 111% J’ ly ‘98
Coal A RR 1st c gu 6s. 1922 M-N 1100
‘ Dock & Imp 1Ht cur 6a. 1913 J -.I I ......
N Y A Green L gu g 5a. 1940 M-N *100
105% Gct.'97
Small...................................I........
Irle lat con g 4a pr bds.1990 J - d 91% Sale
91% *92%
V Registered............... 1996 J - J
l«t«on gen Bong 4 b— 1996 j 73% Sale
78% ' Vb%
} R egtatered...................1996 .1 - J

N Y 8 A W—1st rel 5a.l«87 J - J ♦106
92%
2d gold 4%a..............1037 F -A
92? Sale
o General u Or. . ......... 1940 F- A
Terminal Intg 5s....l943 JI-N *100%
Regia 05,000 each. 194 fj Jl-.N .. .
m W1IkAKaa 1at gu g 5sl 0421.1 - D j'• 98
Mid KRofN.l lfttgOaieiO A -O *........124
Eftcan A L Sup. See CAN W.
50
Eureka Spring*
1st g 6s. 1933
r.,-,j |.J.F-- AJr ' 114
fitv A T Ii .1»t con...0B..... ,1921
80
1st general gold 5a.... 1942 A -O
Mt Vernon lftt 0b........1923 A -O
Bull Co Br’ch 1at g 5s..1930 A -O
EvAIndlst con gu g 6s. .1926 J - J
Fargo A So. Set Ch M A 8t 1*.! ___

Low. High

09%
83
88
00%
90

73%
82 !
90
08%
03

"8*6" ’ 88%!
89
00
98% 101

70
70
14
19
102 105)4
131)4 137
127M187*$

50

60

70)4 »2
54
61

1122 128
I125W 126
1137)4 144
ib v * m u
136 142)4
13054138%
143

143

120% 125%
110
117

118%
117

i i i " i ’4’5 "

108 110%
87% 95%
85% 94%.
97
104

100
110%

92% 92%
101 107

112 116
116%117%
108 111%
113 118
104%105
138 147%
140 143
133%139
133 133
100
108

106
118

84% 93
0 0 " "75*

105
105
92 J’ly ’98
92
92%
109% 109%

99 1089*
84% 02
83
98
109% U1U

98
120

J’ly ’98
J’iy ’98

93%101X
114%121

65
114
81

Nov’97
I Ij
J’ly '»8

112
82

77% Feb.’98| .

118
86%

77% 78

[VoL. lxvii. »

rice
Wcek*s
R ange
BONDS.
\li FPriday,
Range or
from
N.Y. STOCK E XC H A N G E ^ t
J u ly 29.
L ast Sale. i S p 1 Jan. 1.
n
W eek E nding J uly 29 j
---------------------------- ------------!------- Bid.
Ask. Low. H igh , 1No.- Loto. High
A Pore M g 6 k. . . .1020 A -O 11 / Sale 117
117 I 1 110 117
F lint
1st Consol gold 5a----198ft IM-N 91
94
03 J’ly *08 .... ! 85
95
Pt Huron Div 1at g 3s. 1939 A - O 02 Sale
00 %
02
0 83
02%
Fla Con A Pen lit g 5a.. 1018|J - J
1st laud grext gold 5a. 1080 |J - J
Cousol gold 63.............1943! J - J
Ft S & V B Bgo. See St.LASF. I
Fort St U D Co 1at g 4%al941 J - J
jlOS Mar’98 . . . AJ105 105
Ft W A D C—1st g 4-0a.l021 J - I) 73% Sale ' 73%
75%
74% 167rf 05
Ft W A Rio Gr l at g 8-4*. 192s J - J
50
01% 201 | 54% 01%
Cl.% Sale
Fulton Clev. See Kings Co El. I
l liar A 8 A. See S P Co. I
G'a
*al HAH o f ’82 1st 5a. 101 a A* O 01% .
92
88% 92%
92
103 Aug’97
Ga A Ala Ry 1st pf a 5a. 1045 A*O;*i08%
92
02
Ga Car & No 1st gu g 5a. 1029 J - J
02 J ’ly ’08
Georgia PaciOo. See So Ry.
Grand Rap A Ind. See l*u Co,
an A St J. See C 13 A Q.
H ouaatonlc.
See NYNHAH.
Houst E A W T le ts3 s. 1038 11 -N 93% Sale
88
04
01
94
Hous A Tox Cen. See So P Co. i
I"illnols Cent l«t g 4s...1951 J - Jl ....
113% 115
115 Mar’98
108% 109%
J Registered.............. 1951 J - J *—
309% 100% 109%
105 105
1A gold 3%s...... ........ 1951.1 - J 1*102
105 Mar’98
101 102 %
Registered............... 1051 J - J *102
102% Apr.’ OS
1st gold 3s sterling.... 1051 ill-S .......
Registered............... 1951l.n-S
Coll Trust gold 4s...... 1952 A -O I 102% Sale 102% 102%
21 100 104
Registered...... ........ 1952 A-OI*........103
, j 103 103
103 A p r.’ ftS
. ' 07 % 102%
L N O A Tex gold 4s.. 1953 M-NJ* 101=54...... 101& J’Jy ’ 98
Registered............... 1953 M-N . . . . . . . 103 101 Mar’98
. 101 101
Coll tr 2-10 gold 4b.... 1904 J - J *100 100% 09 Sep.’OT
Registered............... 1904] J - j
Western Line ls t g 45.1051 F- A 105
Registered...............1951
Louisville Div g 8%s .1953
Registered...............1953
St Louis Div g 3s.... .1951
Registered — ......... 1951
Gold 3%s..................1951
Registered...........1951
Cairo Bridge gold 4s.. 1950 .1 -D
Registered...............1050 J - 1>
Middle Div reg 5 s ..... 1921 F -A
Spring Div 1st g 3%s.l95lj,| - J
Registered...............1951 |J - J
Chic St L A N OffSs.. 1051 J - D
Registered . . . . . . . . . . 19011J - D
Gold 3%s..................1951 J - D
Registered ...........1951 J - D
Mem Div 1st g 4s... .1961
Registered........ ..1951
Bellev A Car 1st 0s— 1928
St L Sou 1st gu g 4 s... 1931
Garb A S ls tg 4 s ...... 1932
Ind B1 A W. See C C 0 A St L.
Ind Dec A W 1st g 5s.... i 935
Ind 111 A la 1st, gold 4s.. 1939
1st ext gold 5s.............1948 JI-S
Int A Gt No 1st gold 0s. 1919 M- N
2d gold 5s............... 1900 M- S
3d gold 4s.............. ....1921 M -S
Iowa Central 1st gold 5s, 1988 \| - I)
Iowa Midland, See. Ch AN W.
Jefferson RR. Sec Brie,
aL A A G R. Ses h X A M S.
an A Mich. See Tol A O C.
K C A MR&B 1st, gu p 5s. 1929
K C P A G 1st A col g 5s. 1923
Kao 0 A Pac. See M K A T.
Kansas Mid. See St L A S F
Kentucky Cent. £>«bL A N.
Keok A Des M. See C R l A P.
Kings Co El ser A 1st. g 5s ’25
Ful El 1st gu g 5s ser A . ’29 ]>I- S
Knoxville & Ohio. See So Ry.
ake Erie A W ls t g os. 1937 J - J
2d gold 5s............... 1041 J - J
North Ohio 1st gn 5s.. 1945 A- 6
Lake Shore A Mich South—
Det Mon A To 1 1at 7». 1906 F- A
Lake Shore divld 7a... 1899 A -O
Consol lat 7s.. .... . ,J90UiJ - J
Registered...........1900 O-J)
Consol 2d 7s............ 190S J - D *110%
Registered............ 1903; J - D *115%
Gold 3%s.................1997 J - Di 104% Sale
Registered............ 1997 J - L>
Cio&Sp lstguL8AMS7s 01 /
K A A G K 1st gu c5s. 1938 .
Mahon Coal RR 1st 5a.‘34 t
Leh Val (Pa) coll g 5s .1997
Registered ................. 1997 ;
Leh V N Y 1st gu g 4%s. .1940 4
Registered..................1940 ,
Leh V TerR y lutga g5fll94]l
Registered . . . . . . . . . . . . 1941 .
L V Coal Co lat gu g 5a,. 1938 ,
Registered...... ............ 1033 .
Leh A N Y 1st gu g 4 b.. ,1945 :
Registered................... 1945 :
El C A N 1 st g 1st pf0s. 1914 .
Gold guar 5s............. 1914 ,
Leh A Wllkesb. See Cent NJ.
Leroy A Caney Val. See Mo P.
Lex Av A PF. See Mot St Ry.
Lltch Oar A W 1st g 0s. .1916.
Little RAMern lstg 5s 1937 )
Trust C'o certfa.................J
Long Dock. See Erie.
Long Island—
lat con g 5b..................1931 ^
1st con g 4 s ................1931 G- J!
General gold 4s...... ..1988 J - D
Ferry 1fit gold 4%a.... 1922 >1- 8
Gold 4»....................... 10321J - D
Debenture gold 5s.. ... 1634 J - D
N Y A It B let g 58....102? M- 8 '
2d Income.. . . . . . . . . .1927 Ser>! .......... H I. .....................
N Y n A M B con c 5s.. 1935 A - O «1Q2%<........1107% Dec ’07(

K

L

*No price Friday; these are latest bid and m ted tjUls week, t Bonds duo August, i Bimds duo April. i| Ronds due January. ? Bonds due July.

OUTSIDE SECURITIES
! Bid.
S c cn rltle n .
harleaton (8 C> Gas.. .2; f . ........
hartiers Valley Gaa..,..
biesgo Consumers list 5a
hlcago Gas—See N Y 8to ck E x
Icero Gas Co 3»t 6 s.. . . . . . . . . . .
mcinnati Gas A Coke...
86
Ity Gaa (Norfolk Va). . ..
98
lat Os....................... .
olumbus (O) Gas—Stock 84%
1st 5s 1932............JAJ $ Pft
onsoUdat Gaa (Balt) Set Balt L
onsolkl Gas (N J )—Bt ck 1 8
lflt. r,» 1086
f RO

( G iv e n - a t

foot

of

7 ooxsECtmvfi

pages).— G A S S E G U R [T IE 8 , S g

Bid.
U hb H ecnrlflea.
Bid. ! Ask. |
Gnu Hccn rltlew .
I Consum Gaa (J City)—Stk 71
78 1 Indianapolis Gas—Stock. 115
1st 0B................... MAN 100 102%
.“ J
1st 0b 1020........... MAN 105
104 j'' Detroit Goa— * NY 8the k List.
Jersey City Gas Light..... 390
Consol 5s 1018— « > ’. Y. Ex. List. Laclede Gas—N Y Stock Exch.
cu.
Income 5 a ....................
90
95 | Lafayette (Ind) Gas—Stk 77
1 0 4 « : Denver Consolidated G-i?
let 08 1084........... MAN 83
! Fort Wayne (Ind)—Sta,‘k 70
38
79
; Ioganspl A Wab Val—Btk! 56
1st 08 1925.......... juj
105
72«
1st 0s 1925 ...........JAD
88 - j
80% 1Grand Rapids—Stock......
77
80 I Louisville Gas Light......
102
i 99 101 I Madison (Wit) Ga?—Stck 68
1st. !
1st 0s 19 *«G........ ..AAO u o o
t 42
45 ;
21 ||
5«
50 1
!1 Memphis Gas..................
. HH *1
70
73 ! v 1tiu Ga? On 1 ft1 n.... MAB eioVt
A sk . I]

A«k.
tad
toon
80
91
59
75
90
61
102%
106

G a s Socurftto**,
Bid. Ask.
New Orleans Gas Light.. 105% 1 1 0 %
Ohio & Indiana—Stock...
52
56
lat 0a 1020 ........J A D
09% 72
Peoples Gas A Coke—N Y Stock Kxcto
t ........
Pittsburg Ga«..............50 1135
New 6 s ..,...................... 105 100
Portland (Me) GaaL...50 t 85
90
St Joseph (M b )...,.........
33
88
5a 1037................... TAJ 87 ■ 90
St Paul Gas—Stock.........
43
45
CotJBol 5s 1944 ....M AS § 77
80
intjr*r*»Htu +P.rtce'per sh are.

BONDS
jr. Y . STOCK E XC H AN G E
W e e k E nding J uly 29.

THE CHRONICLE.—BOND
P rice
F rid a y,
July 29.

Bid. Ask.
Long Island (Con.)
Bklyn A Mon 1st g 6s. 1911
1st 5s...................... .1911 >lNor Shb lstcon ggu5s..’32
N Y Bay ExK 1stgng5s’43 T -1. ..................
Montauk Ex gu g 5s. ..1945
La A Mo Riv. See Cht & Alt. j
LE A 3tLC oncng5s.l939. >
• 35
40
Tr Co certs................
>
General gold 4s.......... 1943 -H100” !!!!!!
118
100%110
113 115
E H A Nash lstg 0s...l919lJ ........120
Nash A Dec 1st 7s...... 1900 J Unified g 4s.................1940;J Registered............... 1940 J Pens A Atl 1st gug 08.1921 |F-

ahon Coal. See L 8 4 M S .
2d 0s........................ 1899 M-

McK’p tA B V . SeeP McKAY.
Metropolitan El. See Man Ry.
Registered..............1943;JColA 9thA v 1st gu g 5s. 1993 MRegistered..............1993 MLex A r& P F 1st gu g 5s.’93 MRegtstered...................... M-

Mex Internet 1st con g 4a.’77,M8d inc 0s ACp Btmpd. 1917'M8d income gold 0s B..1917 Ai
Mex North 1st gold 0a.. 1910 J -

.....................
33*6 J’ne’ 9S
9% Aug’97
100 Nov’97
121*6 121*6
100 JTy’98
113% J’ne’ 98
118 J’l v ’98
103*6 Sep.’ 97
121 J’ly ’97

105

........ 105
...........

‘ 100 101
S8% 89

J’l y ’98

100% J’iy ’98
104 J’ly ’98
88%
88*6

105 J’ne’ OS
!! !! !! i o s “ 103 J’ne’ 98
109*6 J’ly ’98
98
• 9 0 * ........ 98
90 J’ly ’98
........ 91 103 Jan.’OS
109

Mar’98

90% Sale
95%
90%
•110*6 117 110 J’ly ’98
| 102%........ 102% J’l y ’ 98

*115 115% 115% H5V6
119% 121 120 J’ly ’ 98
122

Sale

121 .

122

12 I K ........ 120

J’ly ’98

03

Apr.’98

! 70% Sale
• 97 ........
........
97

......

78*
13
97

76*
J’iy *07
Feb ’97

*113 ........ 114% J’l y ’98
........ ; ; ; ; ; ; 102% May’08
122 Feb.’ 08
121% J’ne’ 98
Registered........................1931G-M
125% Jan.’98
100 Feb/98
4s.................................1940 J - J
Registered...............194u J 108 Jan.’96
* 84
87
Bat C A Star 1st ga g Ss ’89 J Mid of N J. See N Y 8us A W
Mil El Ry A L 80-yr g 5s. 1920 FM L 8 A W . See Chic A N W
Mil A Mad. See Ohio 4 N W
Ml! A North. S««ChM A3tP
Mil A 8t P. See Ch M A St P
Mtn A St L gu. See B C R A N
Minn A St L—1st g 7s .. 1927 J - •188 140 143 J’ly ’07
1st cons gold 5s.......... 1934 M100% J'ly 98
127 Nov’97
•120 127%
*■v*.* ISO i‘21% Aug’97
0s................................ 1909 M-

Mlnn Uel See 8tP M * M.
M K A T o f T lstg u g 5s.’42 M-

Mo Pao—1st con g 0s. ..1920 M8d 7s...........................1900 M-

:::::: ::::::
89*6 Sale
05% Sale
•........ 88
84% Sale
71% 75*6
* . . . . . 82
•103 ........
•105 110
99% 100
104% Sale
109 112
• 79% 80

00
103%
no
79%

77* Sale

77

39%
00
05%
60
83% Jan.’ 98
83*6
84%
74*6
74%
80 May'98
99%
104%
no
80
77%

Reglaterod..............1920 F?ac R of Mo 1st ex g 4s.’38 F2d extended gold 5s. 1938 J -

........ id iti 103% J’iy '98
• 1 0 8 * ........ 100% J’ly ’98

Ark Branch ext g 5s. 1935 J -

• 50 ........
•107 110 108 May’98
•107%........ 107% 107%
105% 105%
90*6 Sale 98%
97 J’ly ’98

Miss R1t Bdge. 5««ChicAAlt
Income gold 4s...........1945 J Small............................... I..
General gold 4s..........1930 MMontgom Dir 1st g 5s. 1947 F St L A Cairo gu g 4s .. 1931 J Mohawk A Mai. S eeS Y C A U
Monongahela Riv. See B 4 0
Mont Cent. See 8t P M 4 M.I

121% Sale
77% Sale
90 ........

Range
fro m
Jan. 1.

Low. High. No. Low.High.

too

L N A A C. See C I A L.

M

Week's
Range or
Last Sale.

Bonds
Sold.

J uly 30, 1898.]

121% 121%
119 D ec’07
77%
77%
99% J’ly ’98

PRICES (5 pages) P a g e 3.

BONDS.
N.Y. STOCK EXC H AN G E
W e e k E nding J uly 29

P rice
Friday,
July 29.

213

TFcefc’*
Range or
Last Sale.

o 5=1

Bid. Ask. L ow . H igh. No.
Hontauk Ext. See Long Is.
Morgan’s La A T. See 8 P Co.
Korris A Essex. See Del LAW
\Tash Chat A St L 1st 7s.’ 13 J - J *128 130 128*6 128*6
Ll 2d 6s.....................1901 J - J ........105*6 105% Nov’97
1st con gold 5s...........1928 A -O 102% 103 102*6 103
1st 0s T & P b ............ 1917 J - J
1st 0s McM M W & A1.1917 J - J *113 115
32
30
1st gold 6s Jasper Boh. 1923 J - J
....
Nash Flor A Shef. See LA N
NewHAD. See N Y N H A H
1 120% 124*6 N J June RR. See N Y Cent.
107*6 N J Southern. See Cent N J.
;;;; 106
113 117 ! New A Cin Bdge. See Penn Co
|110*6 120*6 NO A N Epriorlieng0s.l915 A-07
N Y B A Man Bch. See L I.
N Y Bay Exten RR. See L I.
N Y Cent A Hud R—
.... 105 105 ! 1st 7s.......................... 1903 J - J 110 116*6 110*6 116*6
Registered..............1903 J - J 116 116% 115% J’ne’ 98
.... I 94 i o i I Debenture 5s of .1884-1904 M- S 110%111% 110% J’ne’98
;100*104*i
Registered ... .18S4-1904 M -S 110% u i% 110% J’ly ’98
26 | 83
91*, Reg deb 5s o f .. .1889-1904 M- S 110% 111*6 109*6 Sep.’97
Debenture g 4 s ..1890-1905 J - D 104*6...... 104% J’ne’98
Registered...... 1890-1905 J - D 104%...... 104% Feb.’ 98
90*6 109
101*6 108% Debt certs ext g 4 s... .1905 M-N 105 ...... 104% J’l y ’98
:::: 1IO8 109%i
Registered............... 1905, M-N 105 105% 104% J’ne’98
l i W H 9S
0 3^8..........................1997,J - J 105% ...... 105*6 105*6
85
91
Registered............... 1997 J - J >105%...... 104% J’l y ’98
103 103
Lake Shore col g 3%s.l998|F- A 90*6 Sale
95*6
96*6
Registered..............1998 F - A
94*6 J’l y ’98
Mich Cent coll g 3*6s.. 1998 F - A 94% Sale
94%
94%
103 109 !
Registered..............1998 F -A
Harlem 1st 7s.............1900 M-N 107% ...... 107*6 J’ne'98
70 , 90
Registered...............1900 M-N 107 ...... 107% J’ne’ 98
98*6
114% 119*6 N J June R gu 1st 4s .1980 F -A ■100 104 103 May’97
|101 105
Registered.............. 1980 F -A
West Shore 1st 4s gu. 2361 J - J 109 Sale 109
109% 3 8 7
Registered...............2301 J - J 108% Sale 108% 108% 58
Beech Crk 1st gu g 4s. 1930 J - J
108*6 Nov’97
Registered...............1930 J - J
106 J’ne’98
2d gu gold 5s...........1930 J - J
1108*6 116%'
114*6 122%
Registered............... 1930 J - J
Clearfield Bitum Coal Corp
95
97
'110 i'2'3%
ls t s f intgug 4sser A .’40 J - J
95
95
.“ I
8mall bonds series B. .’40 J - J
117 123% Gouv A Oswe lstgu g 5s.’42 J - D
R W AOgcon lstext 5s.’22 A-O* 128%
123% 123*6
08
66% Nor A Mont 1st gu g 5s.’ 10! A - O
R W A O T R lstg u g 5s. 18 M-N
Oswe A R 2d gu g 5s. .1915. F-AS
Utica A Blk Rivgu g 4s.’22 J - J
107*6 J’ne’97
78 | 70* 76*
Moh A Mai 1st gu g4s.l991 ;M- S
Cart A Ad lstgu g 4s. 1981 J - D
N Y A Put 1st con gu g 4s.’93 A- O
N Y A North lstg 5s.. 1927 A -O 123*6 126*6 123 J’ne’98
N Y Chic A St L lstg 4s. 1937 A- O •105*6 106 105*6 J’ly ’98
Registered..................1937 A - O
104 Apr.’98
n o ii5% N Y A Greeuw Lake. See Erie
102% 100% N Y A Har. See N Y C A Hud.
122 123 N Y Lack A W . See D L A W
121 127 N Y L E A W. See Erie.
125%125% N Y A Man Bch. See Long Is.
106 100 N Y A N E . See N Y N H A H
104*6 Oct.’97
108 108 I N Y N H A Hart lstreg4s.’03 J - D
Convert deb certs $1,000 .. jA- O 159 100 157% J’ne’98
153 J’ne’98
Small certfs$100...........1........
Housatonic R con g 5s. 1937! M- N 125“ !!!!! 125% F eb’97
N H A Derby con5s... 1918 M-N
N Y A N E 1st 7s....... 1905 J - J
........iai* 119 Feb.*98
113*6 J’ly ’ 98
113*6
1st 0s...................... 1905 J - J
N Y A North. See N Y C A H.
N Y O A W con 1st g 5s. 1939 J - D 100% .......... 106% 100%
Refunding ls t g 4s----1992 M-Si 100 % 100*6 99*6 100*6
.... 100%108%
Regis $5,000 only... 1992 M-Sil
N Y A Put. S « N Y C 4 H .
N Y A R B. See Long Isl.
N Y 8 4 W. See Erie.
: :::
N Y Tex A M. See So Pac Co.
North Illinois. SwChl A NW.
North Ohio. See L Erie A W.
Northern PacificGen 1st RR A L G sf g0s.’21
112%...... . 112*6 J’ly ’93
51* 82* 91*'
Registered.........
1921
1 1 2 * 6 ......... 110 J’ne’ " '
*127 ...... 124 J’ne’98
202 87
St P A N P gen g 0s... 1923
07*
125 ...... 127 J’ly ’98
Registered ctfs........1923
83* 83*
98%
99% 241
99% Sale
80
85*i Prior lien r A 1 g g 4s.. 1997
93*6 May’98
Registered................
1997
71
75*
1 75 81*; General lien g 3s........2047
04
05% 1432
64% Sale
Registered ...............2047
*112** 114*' 112 J’ly ’ 98
Nor Pac Ter Co 1st g 08.1933
10 93% 99% 1Nor Ry Cai. See Cent Pac.
2771 03 104*6 Nor Wls. See O St P M A O.
1 108% 112 |Nor A South ls t g 5 s.... 19411M-N 103 ...... . 102 J’ne’98
22 05% 80 |Nor A West gen g 0s.... 19311M-N 121 125 121*6 J’l y ’98
118 Mar’ 98
New River ls tg 0s....1932 A - O 119 ...
1 Feb.’98
00
77% Imprvmt A ext g 0 s... 1934 F - A *112 .... .
L Feb’97
0 C 4 T 1st gu g 5s....1922 J - J 103 ...... .
) J’ly ’ 98
100 100 I Sclo VAN Elstgug4s.l98y!M -N ........ 00
i
83% 190
N A W Ry lstcong 4s. 1996 A- O 83% Sale
105%100
Registered...............1990 A -O
Small........................1990 A -O
107% 110% Nor A Mont. See N.Y.Cent.
” 4 102% 107*6 O g A L Ch 1st con 6s..1020 A - O
Income......... .........1920 A -O
1 102 108 ;
Income small..................... A -O
100, 80 100*6
80
97 O ln d A W . See C C C A St L.
Ohio A Miss. See BAO SW.
103 Jan.’98
Ohio River RR 1st g 5s..1936 J - D
General gold 5s........... 1937 A -O
83*6
83%
Ohio Southern 1st g 6s..1921 J - D
14*6 Feb.’98
General gold 4s.......... 1921 M-N
10 J’ne’98
Eng Tr Co certfs.............
1 i 18% 123 j
78*6 J’ly ’98
Om A St L 1st g 4s........1901 J - J
......... 80
80% Ore A Cal. See So Pac Co.
27 70
97%100 |Ore Ry A Nav 1st s f g 0s. 1909 J - J 110 111 110 J’ne’98
97%
97% Sale 90%
Ore RR A Nav con g 4s.. 1940 J - D
Ore Short Line 1st g 0s. 1922 F - A ........128*6 127*6 128
121 J’ne’98
Utah A Nor 1st 7s...... 1908 J - J
102 May’97
1
Gold 5s.....................1926 J - J

R ange
fr o m
J a n . 1.
Low . H igh ,

128

131%

100

105

113% 119*6
113*6 119
100
100

112
111%

102 105
104% 104%
100*6 105%
104 105
105% 107
104% 104%
94 *90%
94*6 95
91% 94%
107*6 109*6
107% 109%
102 % 110 %
101*6 n o
100

100

95

95

119*6 128%

123
100
104

120
107%
104

145
145

157%
153

119 119
113*6 113*6
100
90

109
102%

112 119%
112 119
124 120
124*6 ^27
90% 99%
93
97"
57
65%
104

113%

102
120
118
117

105
125%
118
119%

82
89
74% 85

102

102

80
81J9
11 . 15
10
ii«
82
70
111
89
118
121

110
97*
128
121

* No price Friday; these are latest bid and asked this week, t Bonds due Jan. * Bonds due July. ||Bonds due June. § Bonds due May. 1TBonds due Nov

OUTSIDE SECURITIES (G iven
Bid.
Ga> S ecurities*
Syracuse Gas—Stock...
15*
1st 5s 1940............. 7AJ 86
Western Gas(Mllw)—Stck List.
5s—See N Y Stock Exch
T e le * . Sc T rle p h .
American Dlst Tele—NY Stock
American Tel A Cab—NY Stock
Central A South Amer__ 103*
Ches A Poto Teleph—Stk 60
Bond 5a............... ........ 103
Commercial Cable........... 100
Com me r Union Tel (NY). 1 112
Empire A Bay State Tel.. 1 70

at foot of

T e ie g . Sc T e le p li,
Erie Teieg A Telephone..
Franklin.........................
Gold A Stock...................
Bonds..........................
Hndson River Telephone
Exch Internation Ocean..
Exch Mexican Telegraph.
104 1 Mexican Telephone....10
60 i New Eng Telep—See Best
100 1 Northwestern Telegraph.
180 |N Y A N J Telephone....
115 |, 5s 1920 ................. JAJ
78 1! Pacific A Atlantic..
Ask.
17*
89

Bid.
00
40
112
90
73
107
195

Ask.
70

7 consecutive pages).— T E L . & E L E C T R IC , <&c.
T eieg . Sc T e lep li.
Bid. ABk.
Southern A Atlantic........
85
00
West’n Union Teieg—N Y Stock Exch

E le c tr ic

C o m p a n ie s .

East End Electric Light.
1
Electro-Pneumatic.........
Fort Wayne Elec. Co ..25 t 2
115
Series
A.•(•••■...........
E le c tr ic C om p an ies.
General Electric Co—N Y Stock Exch
Allegheny Co Light Co... 130 140
77
Do pref —See Boston L 1st.
Brash Electric Co...........
35
45
110
Hartford (Ct) ElecLt Co. 115 125
Br’dgprt
(Ct)
El
Lt
Co.25
200
t 40
7
Hartf’d(Ct) LtAPowCo25 t 4
20
Consol Electric 8torage
18
•75
15
18
Mo Edison Electric.........
Eddy Electric Mfg Co..25 t ........ 13
on list
44
42
Do
preferred................
Exch
Edison
El
1
1
1
Co
NY—N
Y
8tock
n o 115
87
(Prov)El Co. 50 t 80
150* 151* Edtson El 111 Co Brk—N Y Stock Exch *Narragan.
w Hav (Ct) Eleo Lt Co 150 100
14
Edison Ore Milling Co..
11
100*
t Price n«r share.
Fdluon
Storage
Co........
21
23
73

214

THE CHRONICLE.— BOND

PRICES (5 pages) Page 4.

[ \ ol . t.Y v n

Week’s
•3*^ Range.
P rice
Price
Week's
Kang<
BONDS.
BONDS
S'? Friday,
k.« Friday,
Range or S o
fr o m
Range or 1 |
from
N.Y. 8TOOK EXC H AN G E
It.T.BTOOK EXC H AN G E 5 x
i \ J u ly 29.
Last Sate.
Jan. 1.
July 29.
L ast Sale.
Jan. 1.
W x x k E s d is o J u t i 2a. 5 aj
)Vkkk E nding J uly 29.
—
—
j
----------------------------- ---------- ;----- Sid
Ask. Low. B igh. Xo. Low. High
Hid. A ik Low. High. i No. L ow .E igK
Or© 8b L—let oon g 5s»..194fl J - J 105 Sa .o 104Vii 105 ! 67 ! 00 107
)
............. 104% Oot, 07
76
?U% 88 58
70% , 1st g 5s........................1934IA- » 107%
Non-outu Inc A 5a......19 46, Sep, t
70% Sale
......
10s 89
57
,Scioto Val A N E. St* Nor A W
Nou-cu loo B A col tr..l04®!Oct.*! BO% Sal 0 54% 57
Dawa.-o A Romo. S w N Y C
| ................. 10 ljf Feb.’BS
104M104«
Sea A B Bdge. Set Bklyn El.
O Cl K A St P. Sts C A N W
1 ................. .
Coast Co—1st g 5a.1940 J -D 103% Sale '103%' 103T* 30 102 104
P ac
29 92
95 Sale
B4
90
•oof Mlaaouri. St* Mo Pac
98
'Southern Pacltlc Co­
Panama* {subsidy? da. 1010 M-N ............
Pennay Irani* Co—
107 Jan.’98
107 107
105 ........ 105 J ’lv '08
PannCogu l t t f 4% *a881J - J *118 ....... l l 2?i 118W 2*3 108 114
too 105%
110
Mex.it Pactllv lst g 5s.’3l;IURegistered......... .. 1021 J * J I ................. 110 J'ly "93 ----1110
05% Sale
»3>f
«5»l 32 02
BOX
GM3%»eoltruatr©g.l037iM-!S; ..........
2 107X 11IX
i i o “ ! ” !!! i i V n i i
P C C i St L coa gu g 4%a—
109%
113
►
|
UO%J'n©'08
...
........11!
Series A .................. .1040 A -O *111 .......
110 J 'ly ’91;
105 110
108 118
Series B guar........... 1942 A -O ............
i l l ! J’ne'93
91 Sale
81
8l?i 27 70K
Series C guar...........1042 M-N .................
120% Feb.’ Oh . ... 120%120%
1st
7s.....................1918
A
-C
Series D 4a guar...... 1945 M-N ................. 102 Oct.'9 7, ...
127 Apr.'»8
127 127
N V T A Mexgu lstg 4s.’ 12 A - C .......... .
Pitts Cln A St L 1st 7s. 1900 F- A ................. 108 J’no’ 98 ... 100%108
Ore A Cal 1st gtd g 5s. 1927 J - J ...............
Registered............... 1900 F -A ................. 109% Apr’07 ...
75 Jan.'08
75
75
S A A A Pass 1st gu g 4s.’43 J - J 69% Side
Pitts Ft W A C 1st 79.1912 J - J ................ 140 May’9S ... 140 140%
0ti>s
7 0 « 1*36J 5=X 70X
Tox & N O 1st 7s........1905 F- A *........115
8d 7a.........................1012 J - J ................. 140 May’98. ... 140 140
U0 Mar*9.H
Sabine div 1st g 8s. .1912 M- f?
3d 7a.........................1912 A-Oi ....... .........
112% Apr’97 .... ................
C ong 5s ...... .
C St L A P 1st con g 5s. 1932 A -G .............
1948! J - J
97% J’l y ’08
96% 98%
Registered . . . . . . . . . . 1932 A -O ...............
S oP of Argu lstg 0s.’09-10; J - Jl 106% Sale 100
106% 50 1004, 109X
01ov A Pitts coil a f 7s, 1900 M-N 10? ..... 107’ ’ May'98 ' ! ! j107‘ ' 109'
S P of Cal let g 0s.'05*12'A - <1 .................. 109 J l j '9 8 .... 1069; n o
Gen gu g 4%sser’s A.1042 'J - J 112 .....
1st eon guar g 5s.. 1937 M-N 100% Sale 100
101% 34 92% 101%
! ! ! ! ! ! " ! !!!!!!
A A N W 1st gu g 5». 1041J - J 4........ 8a
Senes B.................19421A -O ..................
S i*
s i x 10 S ix 87 X
S P Coast 1st gu g 4s.. 1937 J - J
Gr UAI ex lstgug4%8.1941 J - J .............
8 Pac o f N Mex 1st g 08.'11 J - .1 ........;
102 Nov’97
Allegh Valgeugug4s. 1042
............ .
108% 108% 25 io5% iid %
172
South Ry—1st con g 5a.. 1994 J - .1 94% Sale
N A C Bdge gen gu g 4%s.*4 5 J - J .................
04
95
96
Penn RR Co—
Registered................1094 J - J
, 87.
i o s j j ...... 103 J’ly ’ 98
Mem Div 1st g 4-4%-5sl09« J
1st real estate g 4 s .... 1928 31-N .................
103 103
Registered ............... 1096 J - J
Con sterling b 6 s ...... 1005 J - J
E Ten reor lien g 4-5s.l03S M
*........too
Con currency 6s reg..,1905 Q*Mt
99 J’ly ’ 98 .... 96 100
Registered........ .. 1988 M
Cong 5s.............. ....... 1919 51-8
Ala Ceu R ls t g (is.... 1918 J - J
Registered............. 1919 Q - S
112% Aug’07
........
Atl A Cb Air Line Inc. 1900 A
Cong 4s......................1043LH-N
Cl A Mar 1st gu g 4%9.1935 M-N
Col A Greenv 1st 5-03.1910 J
105% 106 IQ6% J’l y ’98 .... 105%108
115% 115%! E T Va A Ga 1st 7s... .1900 J
115% Feb.’ 98
UN J RR A Can gen 4a. 1044 31- S
Divisional g 5s.........1930 J - J ........H5K 114 J’ly ’98 .... 112% 115
D R ERA Bge 1st gu 4s g.’ 36(F- A
3 1107 n i X
Pensacola A At, Set L & Nash
Con 1st g o s............ 1956 if
♦ n o w ........ 110« 110X
3 118 123
100
1 95 100%
Ga Pac Ry ls tg 5-0S..1022 J
119
119
Peo Dec A E IstgOstr rec/20 J -J 100 Sale 100
98
Knox A Ohio lat g 0s .1925 J
98
90 J’ne’98 ...I 90
*115 ........ 116 J’ly ’98 .... 112 117%
Brans Div 1stg 6s trrec.’20 M -*4 ' 93
*121 124 121% J’lv ’98
15
18%
20
18% J’ne'98
2d g 5s tr rec 1st pd..l926 51- N
118 125X
» 98 ......
Pec* A East. St* C C C A St L
120 May’98
Peo A PekU nlstg 0S...1921 Q -F 122%.
120 120
Deb os stam ped..... 1027 A
107 108 108 J’l y ’98
85% May’98
2d g 4%s............ Feb., 1021 51-N 85
85% 86% Virginia Mid gen 5s... 1936 M
100 108
107 108 107 J’ne’ OS
Pine Creek reg guar 6s. .1032 J - D
Gtd stamped.. . . . . . 1930
137 Not’97
102 107
i 87h 8 7 «
W O A W 1st oy gu 48.1924
Saie
Pitta Cln A St L. St* Penn Co.
87«
87^
West N C 1st con g 0s. 1914
P C C A S tL . St* Penn Co.
113 May’98
110%116%
Pitts Clev ATol lsLg6s..l022 A -O
SA N Ala. See L & N.
Spok Falls ANor lst g 6a.3939
Pitts A Connells v. See B A O.
,,
Stafc 1si Ry 1st gu g 4%s.l948
Pitts Ft W A Ch. See Penn Co.
Pitt* June 1st g 6s........1922 J - J *120
Sunb A Lewlstn lstg 4s.t930!J - J
Syra Bing A N Y. See DLAW.
Pitta A LErie—2dg5s ..1928 A-(M*105
P lttsilcK A Vo—lstgu6s.’32 J - J 1
rper A of St L 1st g 4%s.’30'
- *108 ........ 109 May’98
100 n o x
-L 1st Con gold os.1894-1944 F -A *108%........ 110 J’ly ’ 98 .... 105X110X
2d guar 6s...................1934 J - J
St L M Bge Ter gug 58.1030 A -O
McKee A B V 1st g 6s.1918 J - J *120
103 OCC.’ 97
Terre Haute Elec R y g 0 s.’ 14 Q-Jt
Pitts P A F 1st g 5s...... 1916 ,T - J
107% 107%
104 109
Pitts Sh A L E l s t g 5 s . .1940 A -O ‘ 106% .
Tex A N O. Set So Pac Co.
1st consol gold 5s...... 1943 J - J '103
98 J’ly ’97
TexAP Ry E div lstg 0s. 1905 M
100 110%
110% J’ne’ 98
90%
91%
106%
93
1st gold 5 s . ........... ,.2000 J
76% r94
Pitts A West 1st g 4s.. .1917 J - J
106
106% 59 96% 100%
Gold 5s...............1891-1941 H-N
51
53
51 Sale
43 Sals 42X
43JS 470 28
39
53
2d gold I110. 5s, Dec. ..2000 Mch,
44X
Third Av 1st gold 5 s.... 3037 J - J *........125
Pitts Y A Ash 1st con 5s 1927. M-N *110 .....
122% j ’ne’ Ot
117%124
*103
Go gen g 4s... 199 J - J 82% Sale ‘ 31% ‘ 83 ‘
102 105
104 J’ly ’9S
77H *87% Tol A O C ls tg 5s........ 1935 J
R eading
*104 108 104 J’ly ’ 98
Registered .........1 9 9 7 J - J
West’n div ls t g 5s.... 1035 A
103 104
Rensselaer A Bar. Set D A H.
General gold 5 3 ....,.., 1935 J
Rich A Dan. Set South Ry.
Kan A M 1st gu g 4s. ..1990 A
82%
*........ 81
78 J ’ly ’98
76
70
74
89 Sale
80
89%
Bio Gr West 1st g 4 s... .1939 J - J
Tol Peo A W lat gold 48.1917 J
60
78% 90
72 May'98
7’2X
92
12 S5X 90
91 J'ne’98
91
94% T S t L A K C 1st g 0s tr. 1916 J
88 Sale 88
88
Bio Gr June 1st gu g 5s.1939 J - D
67
98 100 100
3 98 104
00 J’ne’ 98
54
6"
100
TLister A Del 1st eg 5s. 1928 J
Bio Gr So 1st g S-4s...... 1940 J - J
nlon Elev. See Bklyn Elev
Boch A Pitta. See B R A P.
Borne Wat A Og. Set NY Cent
Uu El (Chic) 1st g 5 s....1045 A -O
Un Pad—RR & 1 g g 4s. 1947 J - J
C* alt Lake C ls tg s f 6b.’ 03-13 J -J
BT-X Sale
07H
07X 1576 S8X « S «
22
O t JoAG 1 1st g 2-8 4a.. 1947 J - J 80 Sal©
Registered......... ,.,,,1 9 4 7 J - J
68% 80%
' 13 44' ' box
8t L AAT H. Set Illinois Cent,
Tr Co ctfa g 4%s.........1918 M-N * !!!!!! ”5 9 'L 50 ' ’ 50
U P DAG 1st c g 5s trro.’SO
8t L A CaL See Mob A Ohio.
72% Sale
73
73 H 1 ’l l 48X 73X
8t L A Iron Mount. See M P.
Uni N J RR AC Co. See Pa RR
Utah A North. See Ore 9 L.
St L K C A N. See Wabash.
Bt L M Br. See T RR A o f StL
Utica A Black R. See NY Cent
er Vsl Ind A W. See Mo P.
Bt Louis A San Francisco—
2d gold 6s Class A .... 1906 M-N 118% ...
lrglnta Mid. Set South Hr.
114 J’l y ’98
111 110%
2d gold 6s Class B. .... 1906 M-N 113% 115% 113% J’ly ’98
111% 118% W ab RR Co lstg 5a.. 1939 0I-N 110% 111 H 0 « 110% 21 104% 110^4
2d gold 0s Class C...... 1906 M-N i i s % l i e
2d gold 5s........1 9 8 9 F -A
114 J’ ne’ OS
113 110%
9 L Sale
8754
91X 231 74X BIX
Debenture series A .... 1039 J - J
l*t g 0s Pierce C A 0..1919 F - A
General gold 0s... . . . . . 1931 J - J 118% . . . . . 118% 118%
114 120%
28 Sale
88X
Series B...... ..............1939 J - J
27«
28X 317 21
12 97 105%
104
lstg5sD et A Ch Ext.. 1041 J - J 104 Sale 102
General gold 5fl........19 31 J - J 10494 Sale 104% 104%'
98% 100%
StChasBridge 1st g6s.l908 A -O ........*........ 110 J’ne’OS .... 108% 110
l» t trust gold 5 s....,...1987 A -O 1 99 102 100 J’lv ’98
92% 100
F t 6 A Y B Bdg Istg6s.l910 A - O
105 Oct.’ 97
Warren RR. See Dhl L A W
Kansas Mid 1st g 4s. ..1937 J - D
Wash OA W. See Southern
78%
St L A S F RR jz 4».... 1096 J - J
5 103 110
78
79% W estN Y A P a -lstg 5 s. 1937 J - J *108%........ 108% 108%
22 47X 55
95% Sale
Gen g 8-45............\...1943 A -O
Southw DU 1st g 5s... 1947 A -O
95%
95%
90
53 ........ 55
55
90
Bt L So. Set Illinois Cent.
Income 5b— A pril, 1943 Not. • 1«K ......... 14 J’ly ’98
10
18
Bt L 8 W 1st g 4s bdefs. 1989 M-N 77%
77%
78% 109 70
78% West No Car. Set South Ry.
2d g 4s lno bond ctfs..l989 J -JS 31%
30%
Sl$j 45 25
32
Western Pac. Set Cent Pac.
90 Nov’97
Bt Paul City Cab. c g 5s. 1937 J - J 1
VV Chic St40-yr 1st cur 5s. *28 H -N
1
40-year con g 5s......... 1936 M- N
Guaranteed gold 5a... 1937 J - J ......- .......
99 D ec’07
Bt Paul A Duluth 1st 5s. 1931 F -A *115 120 117* ’ Mar *98
West Shore. See N Y Cent.
115 117
i
2d 5s......................... ..1917 A -O *105 ..... 106% J’l y ’08
W Va A Pitts. Set B A O.
105 109
Bt Paul M A M 2d fls ....1909 A -O 121 ..... 12DM J’ly ’ 98
120 122% W VaCentA P ls t g 08.1911 J - J
io o % io i%
Dakota ext gold 6 a ....1910 M-N 12294 Sale 121% 122-V
101% Mar’98
118% 122% Wheeling A L E ls t g 5s. 1926 A -O »........108
130
130 133 130
Trust Co certificates..............* . •1st consol gold 6 s..... 1933 J - J
128 130
90
Wheel Div 1st gold 5s. 1928 J - J
Registered...... .....1933 .1 - J ................
90
90 May’98
Exten A Imp gold 5s. .1930 F - A
Reduced to gold 4%s 1933 J - J *108% 110 108
108%
92% Mar’MB
105%108%
oax 92%
Conso 1gold 4s.........1 9 * • J - J ♦82 ........ 35
Registered............. 1933 J - J
35
35
106% Mar'98
e i 35
99% 100
, 100
Mont Ext. 1st gold 4s.. 1937 .1 -D
93%100% Wilkes A East. See N Y S A W
Registered................ 1937 J - D
96 Feb.’9S
Wll A Sioux F. See St P M A M
98
00
Minn Union ls tg 6s... 1922
122% Jan.’96
122 % 122 % Winona A St P. See C A N W
J
WlsCentCo lsttrg 5 s ..1937 J - J
Wont C 1st gu g 0s----1937 J - J 128 130 127% J’ly ‘ 98
34 Nov’97
118% 132
47% Sale
549 33X M X
Engraved trust certlflcates........
Registered........,...1937 J - J
115 A pr’97
5
5
4
1st guar gold 5s...... 1937 J - J ‘ ’109 109% 109% May’98
Income 58............ .
.1037 A-O*
5 Sale
107 109%
18
7%
Registered — .. ...,1937 J - J
B Minn 1st dir lstg 5s. 1008 A -O 110 Sale 110
MISCELLANEOUS BONDS. .
no
105% iYo
A dams Ex—Col trg 4s. 1948 M -S
09% Sale
99
99% oe »SX BOX
Registered...... .
1908 A -O
rXm Cot Oil deb g 8 s... 1900 Qu-B’ 109 Sale 109
Will A S F lstg 5s....1938 ‘ - D 111% .
109
8 102%109
l l i ” N o v V9 r
Registered.......... ...1988 J - i )
Am Dk A Imp 5s. SeeCenNJ%r
Am Spirits Mfg ls t g 0a. 1015 M-N 84 Sale
86
Bt P A Nor Pac. Set Nor Pac
83
84% 23 04
BtP A 8’x City. Set C 8tP MAO
Atlanta Q L Co 1st g 58.194 7 J-D*
ar AS Car Co ls t g Cs.1942 J - J
8 A A A P. Set So Pac. Co.
B
B F A N P 1st a f e 5s... 1919 .1 - J
03 U Gas t.r ctfs s f g 5s. ’30 J - J ........115
100% Oct.’ 97
90% Jan.'98
BOX e l

Y

* No price Friday; thesu are latest bid and asked this week, t Bonds due June. * Bonds due July. |] Bonds due March. ^ Bonds due Jan. $ Bonds due Not

OUTSIDE SECURITIES
B le c tr lc C om ptinica. Illd. Aak.
Rhode Island Elec Pro Oo. 110 120
Toronto (Can) ElecLt Co. 135% I3«X
Thora-Houst Welding Co. ..... 100
18
United Elec Lt A P Co pref 12
85
Bonds...........................
83
Woonsocket (R I) El Co.. 100 110
F e r r y (jompnnl»*».
B’klyn A N V Kerry-Subs. 100 i n
New stock,..................
32
33
08, 1011....................
$118 119
Hoboken Ferry—Stock.,
90
01 !
l i t 5» 1946...........MAN $106% 1 07%
M»tronolitan Ferr*—5s.. 109 111

(G it e x

at

toot

oj?

F e r r y C om p an ies.
Bid.
N J A N Y Ferry—Stock.,
1st 5» 1948............ JAJ 1100 101
N Y A E R Kerry—Stock.
70
71
Bonds 5s of 1932......... $ 00
93
N Y A S B Trans A Ferry 25
30
Bonds, 5a, of 1900...... $ 90
95
10th A 23d Sis Ferry.....
70
80
1st mort 3a 181B...J&D $ 95 100
Union Ferry—Stock........ 40
41
let 5« 1920...........MAN 4 09 101
Ftnlironds.
Ate Col A P latfis treoctn 08
72
At J O A W 1st 6s tr oo eta 08
72

7 c o n s e c u t iv e

pa g e s).—

F E R R Y <6 R A IL R O A D S .

Bid. Ask.

linllronriM .
j Bid.
T ln llroad a.
ChANWl st 7s Mad ext’ 1 1 $130
Atoll A Pike’s Peak I bI 0s 101
Do Menominee e x t’ l l $130
Ate TA S Fe gu fd 0s notes 101
ChlcATomahlst 081905 $109
Atl’t&ACh A lrL 1st 7s’07 117
North w Un. 1st 7a 1917. $132
6
Atl AP cts of dep gu 4s st’d
8S'>4 84X FTemElkAMoVal l f t ’33 $130
B A 0 3%s, when issued.
88
Do 4s
“
“
87
Do
unstamped $129
WinAStP let ext 7b '16 $130
55
53
Do pref “
“
Ch A East 111Binkfd col tr
Bost A NY Air Line—(>im
ClnASpgf 2d 7n gu C C CA1 103
Preferred—See N Y Sto ck Ex cii.
Jack L A Sag 1st ext 5a ’0 1 103
California Pacific lst4%a 98
Kingston A Pemb la tM ..
Do
2d mort guar 95
L N A A Ch 1st 6a O A1 Div i 1*3' *
Ch Mil A St P Dub D iv’20 $120
$And interest,
tPriop t>«r nh
Do WIbVal div 6s *20 $120

THE CHRONICLE.—b o n d

J itlt 30, 1898.]
BONDS.

P ric e
F rid a y ,
J u ly 29.

I

S f . Y . S T O C K E X C H A N G E E 'g
W e e k E n d in g J u l y 2 9 .
■ ?£

W e e k 's
R ange or
L a s t S a le.

R ange
fro m
J a n . 1.

B id .
A s k . L o re . H ia h . N o .
B ’klyn U Gas 1st con g 5 s . . 45 31-N
1H% 11-1% 10
19
95*
95*
9 5 * Sale
B r ’k ’ n W A W H 1st g 5 s . 194o F - A
ah C oa l M in. S e e T C I A R .
G L iC C o . S «P G & C C o.
1 0 9 * F e b ’ 97
O h ic J c A St Y d c o l g 5 s . .l 9 1 5 ;J - J
C learf B it Coal. Sm N Y C & H
102
102
1
Col C A I 1st co n g 0 s . . . 1900 F - A
* C o lC A I D e v C o g u g 5 s ..l 9 0 9 J - J
104 J a n .’ 98
C ol Fuel Co gen g old 0s. 1919 31-Is
80 M ay’ 98
Col F A I Co gen s f g o * . 1943 F - A 4
‘C olum bus Gas 1 st g 5s. .1932 J - J
. 1 0 1 * A p r .’ 98
Com Cable Co 1st g 4 s ... 2397 Q - J
.1 0 4
F e b .’ 98
R eg is te re d ...................... 2397 Q - J
Con Gas Co. See P G A C Co.
e B a rd el C A I . See T C A I.
el A H Can. See R R b o n d s '
39
92
91 X
D e t r o it City Gas g 5 s . . . . 1923 J - J j 91& 92
......... 95 J ’ lv 98
D e t Gas Co con l s t g 5 s . . l 9 1 8 F - Aj 94
10
17
D e t M A M l d g r 3 * s S A .191 1 A - «
16«
17)4 *37
S
111
111
d El 111 1st c on v g 5 s .l9 1 0 3 1 - S ' ......... I l l
1st co n g 58...............1995 J - J ‘ u s * ......... 1 1 6 * J ’ l y ’ 98
1 1 3 * J ’ n e ’ 97
Ed El 111 B ’ klyn l s t g 5s. 1940 A - O
R e g is te r e d ................................A - O
9 8 * M a r ’ 98 . . . .
E r ie T A T c o lt r g s f5 s ...l9 2 0 J - J
Kq Gas L N Y 1st co n g 5s. .'3 2 3 1 - Sj
G A Fuel. See P G A C Co.
/ s en E lec Co deb g 5s. .1922 J - D ' 1 0 5 * ......... 105 J ’ l y ’ 981 .
OTr R iv Coal A C l s t g 0 s .. ’ 19 A - 0 { ...................... 9 5 * J a n .’ 97| .
■Sr R ap G L Co l s t g 5 3.1915 F - A
ack W reor 1st g 5s.. 1920 J - J
I ll
A u g ’ 97j
end B Co 1st s f g 08.1931 M -H
€11 Steel Co deb 5 s ........... 1910 J - J
7*6 Apr *97
N o n -co n r deben 5 s -----1913 A € r o n S team boat Co 0 s . . . 1901 J - J
107 M ay’ 97
Jeff A Clear C A I l s t g 5s 1920 J - D
80 M ay’ 97
2d g 5 s .............................. 1920 J - D;
K C M o G as Co 1st g 5s. 1922 A - O
105*
10
L a c G as-L C o o f S t L ls t g 5s’ l 9 Q -F i 1 0 5 * ........j 1 0 5 *
Small b o n d s ............................ Qu-F
, 1 0 2 j * iy v9 7 I ! ! !
Mad Sq G arden l s t g 5s. 1919 M -N ..................................
M et T A T l s t s f g 5 s ... 1918 3 I-N
R e g is te r e d ......................1918 M-N|
85 J ’ n e ’ 97
M ich Pen Car C o 1st g 5 s .*42 M - 8>
31ut Fu el Gas Co See PeopG as |
M at Un T el C o. See W n Un.
0
107*
M -N 1 0 7 X .......... 107
J -J i
M -N
F - A * 85
W estn Teleg. See W est. Un.
'i l l
N o v ’ 97
M -N
6
10714 1 0 6 *
107*
J - l> 107
5
A - « J ; 120
Sale 120
120
M- S
M S
1.1 - J 1 0 4 * i ’0 7 i 1 0 5 * J ’l y ’ 98
100
104
J -D
104 J ’ ly ’ 98
104
100
J -J
1 0 2 * J ’ly *03
M -N '* ......... 1 0 1 *

C

D

E

O U TSID E S E C U R IT IE S (G iven*

Peoria W a t Co g 0 s . . 1889-19 M - N
PI V a lley Coal 1st g 0 s .. 1920 M - N
P ro cte r A G am b 1st g 0s. .’ 40 J - J
[I St L T e r Cupples Station A
109*109*
P rop Co l s t g 4 * s 5-20 y r’ 17 J - D
S Y u b a W a t Co co n g 0s. . ’ 23 J - J
95
10a
Sp V a l W a t W ork s 1st 0 s .’ O0 M - S
Stan R o p e A T 1st g 0s.. 1940 F - A
100
104 ;
In com e g 5 s ....................1946 .........
80
Sun Ck Coal 1st g a t 0S..1912 J - D
84
T en n Coal T D iv l s t g 0S.1917 A-OJ
101*105*
Birm D iv 1st c o n 0 s . . .1 9 1 7 J - J
1104 104
Cah C M Co 1st gu g 0s..’ 22 J - D
D o Bar C A I Co gu g 0 s .’ 10 F - A
U S L ea th Co s f deb g 0 s . ’ 13 3 I -N
V t M arble 1st s f 5 s ........1910 J - D
89
9 5 * W e s t U nion deb 7s. .1875-00 3 I-N
90 103
R e g iste re d ........... 1875-1900 3 I-N
D eben tu re 7 s .. . 1884-1900 M -N
16* 17*
108
112*
R eg istered........1884-1900 3 I-N
114*119
Col trust cu r 5 s ............ 1938 J - J
M u t U n T e l s f ’ d 0 s . . . 1 9 11 M -N
N orthw estern T el 7 s . . . . ’ 04 J - J
9 8 * 9 8 * W estn Gas Co c o l tr g 5s... ’ 33 3 I-N
W h L E A P C Co 1st g 5s.’ 19 J - J
W h ite b rst F ge n s f 0 s .. 1908 J - D

j 105

.....

.....

B id .

105*

108

102
115

109
120

102
101
102

106)4
100
108

S T A T E SE C U R IT IE S.
A labam a—Class A 4 t o 5.1900 J - J
3m all
Class B 5s........................1906 J
Class C 4s........................ 1900 J
Currency fu n d in g 4 s... 1920 J
D ist o f Colum bia—3 ,0 5 s .l9 2 4 FLou isiana—N ew c o n 4s.. 1914 J
S m all..........................................
M issouri—F u n din g. ..189 4-9 5 J
N orth Car—C onsol 4 s . .. 1910 J •
S m all.............................................J 0 s ........................................ 1919 A
So Carolina—4 * s 2 0 -4 0 .1 9 3 3 J
T en n —N ew se ttle m ’t 3s. 1913! J
S m a l l .. .. . ................................... J •
V irgin ia fu n d d e b t 2 -3 s .l9 9 1 J R e g is te r e d ............................... IJ •
0s d eferred b on d s.
T ru st receipts stam ped.

A 8k . L o w .

7

i B on ds due M ay.

Banks.

Ho.

L o w H ig h

101

F e b ’ 97

70

71*
15*

51

11

72
17

80
80

82 M ay’ 98
85*
85*

79
79

80
89

83

83

80
116

18*

........
Sale

83
116

108* .

108

100

.

90
90

.
.

110* •

104

.

125
.
102
91* .

.

72* .

Jan .’ 98
110

111* 110

1 0 5 * F e b .’ 98
105 M a r ’ 98! . . . .

1 0 5 * 105i,
105 105fc

110
111

J ’ l y ’ 98
M a r ’ 98

105

101

M a r ’ 98

111

111

111

see seventh va
98 A p r.’ 98

110*
110*

111
111*

124 J ’l y ’ 98
120
127
1 1 C * M ay’ 98
1 1 3 * J ’l y ’ 98
1 0 2 * A p r .’ 98

109
108
104*
100

M ay’ 98
F e b .’ 98
J ’ly ’ 97
F e b .’ 98

l i e " J ’iy ’*98
104
104
1 0 0 * M a r ’ 98

1 0 8 * 109
108
108

100

100

115** 110*'
100 104
98 1 0 0 *

101

Jan .’ 98

101

128

F e b .’ 98

128*’ 128*

91*
91*
88 J ’n e ’ 98
72
72*

101

87
87
65

92*
88
72*

4*

S Bon ds due ApriL

Bid
4u
101
105
110
305
413*

Ask.
1 50
103
........
120
415
418

90
100
88
85
107
75
70
05

I 98
110

100

R ange
fr o m
J an . 1.

70 Sale
1 3 * Sale

consecutive pages ).— HRs.,
M ia c e lln n f o n * .
Schw arzchild A Sulzb. 100
S em et-Solvay deb 5 s ..
Sim m ons H ’rd w -C om .100
P r e fe r re d ....................100
Singer M fg C o .............. 100
Standard O il..................100
Standard D istilling A D is­
tribu ting .Subscriptions.
Stand U nd’rg ’ d Cable. 100
Sloss IAS 1st 6s 191 7.F A A
Southern C otton O il.. .50
Stat Isl R T 1st 0s’ 13A AO
2d 5s 1 9 2 6 ................. JAJ
Stillw -B lerce A Sm -V .100
S w ift A C o ..................... 100
1st 0S.................................
Susq Coal 6s 1 9 1 1 ___ JAJ
T erm W areh—S to ck .. 100
1st 0 s ..................................
D ebenture 0 s ................... |

H ig h .

©&

113 ' 113*’

:i:

t B on ds due Ju ly.

215

W e e k 's
R ange or
L a s t S a le.

U. S. G O V . S E C U R IT IE S . (F or daily record
U S 2s r e g is te r e d ... .O ptional Q - M
U S 4s r e g i s t e r e d ....,. ..1 9 0 7 Q -J t 110 111
U S 4s c o u p o n ....................1907 Q - J t 111
Sale
127
U S 4s re g iste r e d ..............1925 Q - F 120
U S 4s c o u p o n .................. 1 9 2 5 'Q - F 127 Sale
U S 5s r e g iste re d ..............1904 Q - F 111 * 112 *
U 8 5s c o u p o n ................... 1904 Q - F 1 1 2 * 1 1 3 *
102 . . .
U S 0s c u r r e n c y ................1899 J - J
U S 4s registered certs
o f in d ebt (C h erokee) 1899 M ch 101

I I I ! ! ! ! ’. ! ! ! !

at foot of

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

P r ic e
F rid a y ,
J u ly 29.

L o w H ig h
1 0 9 * 115
92 1 0 0 *

100

5.

page

BONDS.

Bid IAsk___Jf le c e l l a n e o u a .
145
Fidelity A D ep ( B a l t ) . . 50 140
99
100
G alveston W h a r f— 1st 5s.
G enesee F r u it.............. 100
G erm an Am Real Est.100 * 2 3 ” ; ‘ *8*6**
52* 53*
G lu cose Sug R ef-C om .100
P r e fe r r e d ................... 100 107 1107*
37*: 39*
G o o d ye a r S hoe M a c h ..25
G orham M fg C o-C om .100 ......... 90
D o S o P lt t a b 1 s t 1 9 0 2 . . ..............
114
P r e fe r r e d ....................100 110
V ic k s b A M eridian 1st 0s 103 ,100
G reat Falla Ice..............100 110
125
J I U c e l l a n e o u * . Par.,
H a rtford Carpet C o .. 100
A ck er Merrall A C o n .lO O l 98
100
40
50
Am A ir P ow er o f N V*.l 00
18*1 * 0 | Eleck-Jones-J M lll-P f.1 0 0
90
85
1st 0s 192 2..............MAS
A m eric’ n A x e A T o o l. 100
1 3 * 27*1
1
A m er Bank N ote C o . . . 50 t 8 8 * lo*: H e r ’g-H all- M ar-Corn. 100
)•
4
P r e fe r r e d ....................100
8
92 I
A m erican Brake Co. .100
90
H o b o k e n Land A Im p ’t .. 100
A m er G ro c— 1st p r e f. 100 ..........| 9
105
A m er M alt’g Co—C om —M ee Stk Ex rt
80
75
Internation al E le v a t.1 0 0
P re fe rre d — Set S tock E xch . 11 ■ t.
52*
Internation al N a v lg ..l0 0
A m P n eum at T o o l Co. 10 .........
88
37
A m e r Press A s s o c ’ n . . 100! 100
Internation al P aper. .100
no
83* 84*
A m erican S crew ......... .2501 120
P r e fe r r e d ............. ..1 0 0
uo
100*
A m Sm okeless P ow d.,100'
B on ds 6 s ............................ 105
4
A m Soda F ou n—C o m .,100
Internation al P u lp ... 100
8
47
“ *8**
1st preferre d .............,100
Iron S team boat........... 100
53
21 p re fe rr e d .............,100
0a 1 9 0 1 .......................JAJ
15
25
45
Jo h n B Stetson —Com . 100
A m e r Steel A W ire. /
St’ ck
S
ee!
110
P r e fe r r e d ................... 100 100
P r e te r r e d ...............J
22
J ou rn ea y A Burnham . 100
170
A m erican S u rety ......... 50 100
08
73
A m T y p e fo ’ rs— Stock. 100' 3 9 * : 41
P r e fe r r e d ....................100
87
K n ick erbock er I c e . . . . 100
A m er sew ing M a c h in e ..5 t 2 I
96
io i
27 I 8 7 *
B on ds 5 s ................
A m e r 3 t r a w b o a r d ....l0 0
110
A m e r W rin ger c o m .. .100 104 !
Law yers’ S u re ty......... 100 100
100
P r e f ..................................... 114
Law yers’ T itle I n s — 100 150
114
1 8 1 * Lori Hard ( P )—P r e f ... 100 113
A m e r G ra p h o p h o n e .... 10; 138
5
P r e fe r r e d .................... K)
M adison Sq G—S tock. 100
18?
25
35
2d 0s 1 9 1 9 ..............MAN
i d '* 12)4
A n d erson (J o h n ) T ob .100
40
A u to m a tic V e n d in g ... 10
M aine S S.........................50
25
(Barney ASm Car-Com . 100
12)4 M arch A M in ers’ S S__ 50 120
14
7
P r e fe r r e d ................. 100:
M ech’ m cal R u b -C o m .1 0 0
55
35
25
0s 1942 ................... JAJ
97
P r e fe r r e d ....................100
100
■Bergn A Eng Br—See Phi . list.
M ergentbaler L ln o t— See B osto n list
60
55
M eriden B ritannia C o.. 25
P referred —See P hil, list
s
It
M ich -P en Car—C o m .. 100
103
110
P referred —See N Y Stoc k E xc h.
25
13
88
84
Bliss C om pany—C o m ..50
1st 5s 1 9 4 2 ..............MAS
85
100
P r e f e r r e d ................... .50 103
M inneapolis Brew 1st 7s. 101)4 103
109
105
‘B ond A M ort G u a r ... 100 190
200
M osler S a f e C o ........... 100
35
’B ost A M ontana 7s 1907.
M on on gah ela W a t e r ...25
2954 2«H
N at B iscu it.....................100
55
'Carter-Crum e—P ref. .100
P r e fe r r e d ................... 100
9 1 * 92
--Celluloid C o....................100
04
08
80
00
N ational Casket C o . .. 100
Cent A m erica T r ’ nslt.100
X
25
N ational Saw—P r e f. .100
2
Cent Flrew ’ rks—C om .l 00|
202
P r e fe r r e d ....................100; 87
N ational S u re ty......... 100
40
50
52
C hateaugay O reA Ir 0s *15;
N ational W all Paper. 100
40
Ches A O Grain El—I n c .. 1 10
17)4 N Y L o o n A Im p ......... 100
4s..........................................
6/
110*
N Y B iscu it 0s 1 9 1 1 .MAS 115
63
C h esebrough M fg C o .lO o ! 350
N ew Jer Z in c A I r o n .. 100 100
370
Clatlln (FI B ) - ls t pref. 100, 95
96
N V A ir Brake— See N Y S tock E xch.
2d p referred .............. 100
N ich olson File C o......... 50
89
48)4
9
*5
Com m on—See N Y Stock E xch .
N icaragua C on struct. 100
Clark M ile End T h r ’d.l00| 75
P eck, Stow A W i lc o x ..25 t 18
Collins C o ....................... 1 0 0 116
P egam oid (£1 shares)
.........
P en n sylva n ia Salt M fg .50 102*’ 1*04* *
2
Com stock T u n — 1st I n c...!
4
Penn. Steel 5s 1 9 1 7 .MAN
•Conaolld Car H eating. 100‘ 83
87
"12“
io
Penn. W ater—C o m .. .. 5 0
Consol Firew 'ks-C om . 100:
10
140
Phil A W ll S te a m b o a t.50 132
P r e fe r r e d ................... 100
98
3
F ^ eu m atlc G un Car’ ge. 10
Con Kan C Sm elt A R ef.25
85
8
4
Consol R ollin g S tock . 100
Pratt A W h itn —-Com .. 100
20
If
50
45
P r e fe r r e d ................... 100
Cramps’ 8h A En Bldg. 100; 70
75
D iam ond M atch C o ... 100 188)4 139
P ro cte r A G a m b le .... 100 240
165
■ n sley L a n d ........................
P r e fe r r e d ................... 100 100
20c.
10
Eppens 8m A W le m .,1 0 0
R.I. Perkins H o rse 8h. 100
75
40
30
sa stm a n K odak C o ...l0 0 l 95
P
r
e
fe
r
r
e
d
...................
100
100
Brie A W estern T r a n s .50
Russell A Erw in..............25
90
70
98
*95
S afety Car H eat A Lt.100
250
R a il ro a d * .
N Y El deb 5s gu Man R y .
98
N o P acific M o D ir 1st 0s. 1 0 5 *
Plttab A C on nellsv 1st 7s 104
D o co n 0s gu by B A O 115
Bt P East A G r T r 1st 0s.
gu by M ilw L 8 A W est. ......... ...
T en n u IA R y con 0s 1901 i <.........

pages)

N. Y . STOCK E X C H A N G E
W e e k E n d in g J u l y 29.

H

• N o price Friday; th ese are latest bid and asked this week.

p r i c e s cs

90

no
80
80
97

115
10

70
70

Banks.

N. Y . C IT Y .
M ech A Tra*
A m e r ic a * ___ 350
M ercantile
A m E x c h -----1109
j M erchants’ ..
175
A s to r .
, ......... ............ M erch E xch .
A s to r P la ce * ,220
......... M etropolis*..
B o w e ry* ........1 .............. 1300 M t M orris*..
B r o a d w a y .... 220
240 M u tu al*....
B u tch ’ s A D r .. ............ 195 N assau*....
C e n tr a l......... 1105 j 180 IlN ew A m st.
C h a s e ............ I...........! .......... j New Y o r k ....
C hatham . . . . 2 9 0
i300 New York Co.
Chem ical.
, ......... 4000 N Y N at Ex.
C itizen s’ ........125
140
N in th ...........
C i t y ................ 1000 t8 0 0 :!1 9 th Ward*,
Clinton*......... ......... ......... ji N orth A m er.
C o lo n ia l* -----! 1 3 2 *
| O rie n ta l* . . .
C o lu m b ia * ...;......... 100
P a cific*........
C o m m e r c e ... 1200
200 I; P a rk .............
C on tinental .1125
130
P eop les’ * ...
C orn E x c h * ..!275
P h e n ix ........
290
East R iv e r ..; 130
j Plaza*..........
l l t h W a r d * .!.........
Prod Exch*.
F i f t h ............. 225
R ep ublic . . .
F ifth A v e * .. 2900 3500 ! R iverside*..
F irst............... .........
S e a b o a rd . . .
First (S t I s l); 130
Second ........
150
180
S even th.......
F o u r t h ......... 1170
14th Street*, i......... 160
S hoe A L e ’tb
F ran klin....... j ..........
Sixth
G a lla t in ........1800
S ta n d a rd . . . .
G a n s e v o o rt* .!.........
State*
G arfield......... 1950
State o f NY*
T rad esm en ’s
G erm an Am*! 112
118
12th W ard*..
G erm an E x * . 200
23d W a rd * ...
G erm ania*.. . 300
U nion...........
G reen w ich*.. 160
H a m ilton *.
........
........|iUnion Sq*...
........j (W e ste r n .. . .
H an over........380
H ide A L ’ &thl 85
95
'W e s t Side*,
I lo m e * ........... I.......... 155
i V ork v llle*..
H udson Riv*, 140
B R ’KLYN .
Im p A T r a d .I ......... 510
I r v in g ........... 1 4 7 *
B e d fo r d * . ..
B ro a d w a y* .,
L ea th er M fr. 170
L iberty ......... 180
Brooklyn* ..
8th W ard*...
L in c o ln ......... 750
M anhattan *. 225
240
5th A v e * .. ..
240
F irst..............
M arket A Ful 225
M echanics’ . . 175
F u lton *.........
185

J B on ds due Jan uary.

BANKS, MISOEL.

Bid.
M is c e lla n e o u s .
T e x a s A Pacitie Coal. 100
50
1st 0s 1 9 0 8 ............. AAO 102
T itle Guar A T ru st.. .100 275
T ren ton P ott^ -C om . .100
5
80
P r e fe r r e d ................... 100
T ro w D irectory -N ew . 100
33
U nion Sw itch A Signal.50
01
P r e fe r r e d ..................... 50 110
7
U nion T yp ew r—C om . 100
96
1st p r e fe rr e d ............100
2d p re fe rre d ..............100
80
U S Glass—C om m on .. 100
P r e fe r r e d ................... 100 *7*6’
U S P r o je ctile C o ........ 100
W agner P alace C ar... 100 1 7 3 *
W estln g h A ir B r a k e ...50 530
W llllm an tic Linen C o .. 25
W o o l E x ch ’ge o f N Y .100 110
25
W o r th ’t ’n P ’ m p-C om .100
89
P r e fe r r e d ................... 100
Bid.

G er A m e r * ..
H am ilton*.
K ings Co*.
M anufact’rs.
M echanics*..
M ech A Tra*.
Nassau . . .
Nat C ity .......
N orth Side*.
P e o p le ’s* ...
S cherm ’rh ’ n*
17th W ard*.
Sprague ..
26th W ard*..
U n io n * ....
W a lla b o u t* ..

107
148
117
410
100
150
245
235
800

80
130
140
180
300
200
190
110
150
185
175
450
115
93

104
225
100
225
170
150
275
170
215
190
104
380
180

Banks.

A sk .

190
307

B id.
90
105
250
225
245

200

335
175
190
140

100
135

55
285
10
30
38
04
115
9

100

90
20
90
100
175
120
27
90*
Ask.
100

255
345
185
195
150
105
215
145
100

103

Trust Cos.

N. Y. CIT Y.
A tla n tic Tr. 135
Central T r’ st. 1350
92
C o lon ial.......
Continental 185
Con solidat’ d
Farm Ln AT r 900
950
300
F ifth A v e Tr 335
G uaranty Tr 420
K nick’ rb’ c k ’ r 240
M anha ttan.. 100
M ercantile .. 400
M etropolitan 300
N Y L I A Tr 12 00
N Y Sec A Tr 300
204
P rodu ce E x.
Real Est T r ’t 200*'
State T ru st..
Union Trust. 1085
U S M tg A T r . 280
Unit. States.. 1170
W ashington 220
B R ’ K LYN .
B rooklyn Tr. 390 405
F ran klin....... 225 235
235
H am ilton —
200
1 3 2 * .K ings Co....... 280
L Isl L A Tr. 2 2 0
95
M anufact’rs.
107
N a ssa u ......... 159
390
253
P e o p le ’s ------1250
200

* Banks m arked w ith an asterisk (*) are State banks.
$ P u rcha ser also pays accru e d Interest.

fPrice per shaisg

THE CHB0N1CL1

216

fVOL. L X V II

Boston, Philadelphia and Baltimore Stock E xchanges— A Daily and Yearly Record.
0 * * S h are Prices.— Not P e r C e n tu m Prices*.

•69 . . . . . J
82* 32*

•295

*09

71
*..........
38*
225*

2 2 5 * 225 225
0 0 * 66
A5 * 00
2 2 0 * 220*
•990
•161*
161*
1 0 5 * 105* 1 0 5 *
117
n w j 2 U 7 * 117
121
•13 8
120 120
00
9 9 * 99
99

*
i«i*l

.

*

ioo*

* • * *
38 *
*i3 21k 22
3896 3S*j 3 8 * so
48* 4 8 *
1 1 0 0 * 100*; 90* 100
•30* 37 *
*30*
88
•87
•62* 0 4 *
05
20* 2 1 *
21
5
5 j
•80*
•811*
2 »* 30
2 » H *30H| #
7J*
7096 71 *
102 104

66*

220*
•161*
)0 0
117
1 120
TO O *
22*
30

100* 100*

|

103*!

6 8 * 685^
89
89
■ 8 9-16
■ 19 11*16 B
10
P 10
•24
24*
6 0 * HUH
1 7 * 1714
85
S5

5SH
89
8 0-16
19*
■ lo w
n
l 60*
I .1 7 H
1 85

70*
7 0 * *00
22* 22*
23*]
22* 23*
225 225
67
67 I 67
220*. 320 ..........
. . . . . . 1 6 1 * 162
106*1 1 0 6 * 1 0 7 *
117
117
117
120
' ............. 120
100* 100* 100*
28
23* 23*
30*
30
30*

37*
88
63*
20*

37*
88
64
20*

4*

71

1*

71*

102

6854
6 8 * 58W
5854
80)4
89)4
89 )s 81%
854 8 1 5 -16 91-1 6 9 1-10
21
2 1 * 21 7-16
1
11 •- 11054 1 0 * •10)4
12 4 , 24)8
24
2 4 >4
0054 •01 < * 6 1 *
6154
18)4 i i s m 1844 i 18H
85
;8 5
85
85

274
275
;1 3 3 «1 »0 5 4
114
L14
2 0 5 * 200
3 3)4 23)4
560
560
0SJ4 6 3 «
22
22
88M 3 4 «
SS14 S8H
6954 6954
57*
57
•3 21)4 22 jl
37- 37
5W
3 5W
183
133
a s y 23W
18M
112* H 2 *
*14* 14*
55)4 56)4
1
1
•1
m
25
25
2-154 2454
55
55
*S4W 55
■ Bid and asked prices;

6854
8 9 ),
3-10
1054
24*
63)4
10
85

275
132*
114
•204*

275
132*
114
205
2344
505
•555
•8SK 64
•21
22
3 2 * 3814
35
ss«
- 6 9 « B8H
k*56
071.
P *21
3114
87 M
1 37
5*
*
•132
33k
1 7 « 18
110U 111M
•14*

274M 275
275
281
140*
43654 1 3 9 * 137
1 1 4 * 114)4 1 1 4 *
114
207* 209* 209* 209*
34)4 25
2454 2554
•560 570
•560 570
64
64)4 • 6 3 * (14)4
22)4 22)4 ♦ 2 2 * 23
33
, S2-H 33)4 - 33
3 5 « 36)1 1 S5M 96
6U44 70
B9J4 6954
•57 -s 58
* 5 «K f>7«
22
22
3244
22H
i : 3 7 r r : 3 7 * ; *36)4
•♦5*
554
5?4
554
133
133
133
133
33)4 3454
2 3H 2 S «
18>4 19)4
19)4 1«54
1 1 3 « 114)4 1 1 4 * 116
1444 •1454 145j
• im
5 4 * 56
54)4 55
*1
♦1
m
ia
25
20
*24 U
55
55
55
6b
n o sale w as m ade, i Tr.

in a c t i v e s t o c k s

B id .
{J u ly

.—P r ic e s
A t T o p A S F e .. ( B oa t) 10 0
A tl A C h arlotte (B alt) 100
B alt & O h i o . . ..
“
100
B o s A M aine pf.(B ost)1 0 C
B o s to n & P r o v . 44 100
C a ta w issa......... (P h il) 50
l s t p r e f ...........
44
50
C entral M a s s ... (B ost)lO Q
P r e f....................
44 100
Central O h io .. . (B a lt) 50
Ohio A W M ich.(B O 6t)100
Clt'fl St o f In d sT (P h il) 100
City A S u b u rb. . ( B a lt) 50
Conn A P a s s u m (B e s t) 100
C on n R i v e r . .. .
“
100
F lin t & P e r e M . “
100
P r e f..................... “ 100
G ’ rm ant’n P a S 8(P bil) 50
H e s to n v M A T
“
50
P r e f .........
‘
50
H u n t A B roa d T 44
50
P r e f ...................
44 50
K C F t S A M . .(B o s t)1 0 0
P r e f . . . ...........
44 100
L ittle S c b u y lk .(P b il) 50
M aine C en tra l.(B oa t) 100
M etrop ol S t ? ...(P h il) 100
M t n e h iil& S H .
44
50
N esq u eb on ’ g V . 44
50
N ew E n g la n d ..(B o a t) 100
P r e f ......... .
“
100
N orth P en n — (P h il) 50
N o A W B ran ch 44
50
P e n n A*N W . . . 44 ; 50
P h il A iSrle.......
“
50
P h il Germ A N .
44
50
U n ited N J ........ “
100
U nited T r o f P .
"
50
P r e f . . . . . ..........
44 50
W e s t End p r e f.(B o a t) 50
W e s t Jer A S 8 .(P h il) 50
W e itN Y A P a .
44
50
W lseon Central (B oat) 100
P r e f ...................
44 100
W o r Nash A R .
“
100
M ISC E L L A N E O U S .
A llou ez M lnJng(Boat)
A m R y B I L L ? . (P h il) . . . .
A n a co n d a M in .(B o a t) 25
100
A n n iston Laud.
25
A rn old M in ing.
25
A sh B ed M iu 'g .
25
A tlau tlo M ln’g.
25
B a ltic M in in g ..
B a lt W a r e b o s e (B a J t) 20
r a il r o a d s

n o
14)4

"62)4
1 8
i 54
- 28 .
10
151
1255
11
34
135
40
66
210
39
« ao
50
* 53
130
152*
50
54
, 35
95
71«
96
17
186
254
12*
43
105
53
8M
2
8
120
1
1

SW
2H

15)4
2)4
1 2 »H

Bay State Ga«?.(Boat) 50 - h

B ergA K n g B r’ w(PbJU) 100
P r e f . . . . . ..........
" 100
B oston E le c L M B o s t ) 100
B oston L a n d . . .
44
10
B oy la ton St L ’ d 44
15
C am bria D o n ..( P h i l) 50
Canton Co......... (B alt) 100
C enten M in in g . (B oat)
Central T r a n s .. ( P h il)
D o m ic Coal p f. (B e s t) 100
E d ison £1 I B ...
F t W n y n e E lec?
Fran klin M ln’g.
French B ay Ld.
G eneral E le c t ..
P r e f .................

-0 5 134

1 70)4
I 14*
l 20*
*108
.180
l 1
* 13*
*
*
i 39*
f9 5

70

70

( •09*
22*
•2 2 *
2 2 5 * 225
6 7 * ; 07

* * oo*

STOCKS BONDS
M IS C E L L .— C on cluded.
In tB u tH & S M
44
10
M arsden p r e f? (P h il) 100
M e ig e n th a le r .. (B o s t) 100
M orris C a n a l...(P h il) 100
44 100
P r e f ......... .
O sceola M in ing (B oat) 25
P a rrott SilACop 44
10
P e n n sy l S a l t ... (P h il) 50
P en n syl S te e l?.
44 100
P r e f ? .................
44 100
P h il’d elph la C o (B o s t ) 50
P u llm an 's P a l..
44 100
Q uincy M in ing.
44
25
R e e ce B u tton h . 44
10
Santa Y sa bel G “
5
Ta m a ra ck M in. 44
25
U nited El S e c ..
44
50
P r e f ...................
44 100
W a te r P o w e r .. “
100
W elsb ach C o m ?(P h U )1 0 0
b P r e f 7 ................
44 100
W e stm ’rel Coal (P h il) 50
W o lv e rin e M in. (B o s t) 25
W o lla s to n L 'd .
“
5

14
25
152
260
15
36
=80«
15
60

l o w e s t.
L___________
_

Highest.

50 66 Jan. 4
604 2 1 H A p r. 26 2 4 * Feb. 14
3 2144 Mar. 12 2 4 * F eb . 28
30] 2 1 7 * Mar. 20 227 J u n o 0
225
2,117; 5 2 * Mar. 26, 6 7 * Ju ly 12
67
-221
220
A p r. 2 225 Jan . *2
9 I215
1 6 1 * 163
163
3«!
100
Mar. 12 1 7 1 * Jan. 7
8,500 8544 M ar. 20! 1 0 7 * J u n e 11
I0b*t 1 0 6 * 1 0 5 *
116*117
117
07 102
Mar. 14j 1 2 1 * Feb. 7
120
' .......... .. 1 2 0
43 105 Mar. 12 120 M ay 11
600 8 3 * A p r. 21 1 0 2
*00*
00
Ju n e 11
2 3 * 284*
6,864
23*
0 Feb. 25 2 3 * Ju ly 27
4,541 27K Jan. 4 8 0 * J u n o 2(1
30
3 0 * 80*
40
40
40*
310 37 Jan. 8 50 J u ly
1
101 101 > 100*
73 98 M ar. 2S 1015(4 J u n e 20
10 2 7 * M ay 0 3 7 * Ju ly 21
•30& 3 7 *
•88
•87*
80
303 81 M ay 25 88 J u ly 26
*65
60
66
d preferred........................
“ ....1 00
55 M ay
3 06 Ju ly 20
20* Lehigh Valley...............
20
20* 20
<Phlla.). ... 50
19*4 J u ly 22 2 6 * Jan. 3
5
5 Mexican Central............
(Boston)...» 1 00
825
6 * Jan. 13
4 * A p r. 0
82
*81
81
N orthern C en tral........... .
(B a lt.) . . . . 50
7 6 * Jan. 14 8 3 J u n e 30
29 N orthern P a c if ic ...................... (P h ila .) . .. .1 0 0
29
8,941 10 F eb . 24 81 J u n e 6
• 2 0 * 29W
71
71
*71* 7 1 *
3,517 5 7 * M ar. 26 7 1 * Ju ly 27
P r e f e r r e d . . . . . . . . . . . . . . ............
“ , .. .1 0 0
103
192
iei i9i
( B o s t o n )------------ 10016 165*4 M ar. 10 105 Ju ly
Old C olon y..........................
9
30 O regon S h ort L in e ..
29
90 18 Jan,
4 3 3 * F eb . 17
08)4 5854
. ( P h l la .) ...
1,406, 5 5 * M ar. 12 6 0 * F eb . 7
58H S 8 «
89
SOW
3,402 77
Mar. 25 8 9 * Ju ly 2 6
89)4
4,260
8 13-16 9 8 I1 -1 6 8 * Reading C o m p a n y .....................
“ ....
6
13-16 M ar2 5 1 1 * Jan.
20%
8 0 * 20% 1st pre fe rre d ....... .....................
4,020 1 8 * M ar. 26 27 1-16 F eb . 3
“ ....
638
9 * Mar. 2,5 14 0-10 Feb. 5
10)4 10)4 •10)4 10)4
2d p r e f e r r e d . . ., , .....................
" ....
•24
2 4 ), U nion P a cific............................ (B o s t o n ) ___ 100
24
24
420 1 6 * Mar. 25 2 5 * JuD e 3
61
61
4,136 4 7 M ar. 25 0 3 * J u n o 6
0154
P r e f e r r e d ...................................
“ . ., .1 0 0
0U 4
18)4 1854 U nion T r a c t io n .................... . ( P h lla .) —
50 34,334 1 2 * Jun. 3 19 July 3 7
L 8 « 19
85
85
85
1,786 78 M ar. 25 8 5 * J u ly
985H W est End S tre e t,.................... ( B o s t o n ). . . . 50
O li M c e lln n e o n s S t o c k s .
2 7 8 * 270
278
278
A m erican B ell T e le p h o n e ... ( B o s t o n ) . . . . 100
284 238 M ar. 12 281
Ju ly 27
1 3 6 * 1 3 8 * 1 3 6 * 1 8 8 * Am erican Sugar R e fin in g ? ..
“
. .. .1 0 0 62,127 1 0 7 * M ar. 26 1 4 5 * J u n e 6
579 103 M ar. 25 1 1 6 * Jan.
118* 113* 114* 114*
P r e f e r r e d ? . . . ........... ...............
44 . .. .1 0 0
6
2 0 6 * 2 0 6 * 2 0 7 * 2 0 7 * B oston A: M o n ta n a .. . . . . . . . . .
“
. . . . 25
4.169 1 4 9 * Jan. 4 2 12 J u n e S •
2454 3454
“ . . . . 25
7,612 1 8 * M ar. 12 2 8 * F eb . 3
84)4 2 5 * B u tte A B o s to n * .........................
570
570 Calum et & H e o la ...........
•565
565
44
25
3 575 Jun e 8
30 489 Jan.
64
04)4 04)1 Consol id ate d G a s...........
64
( B a lt.)
1 00 206 5 2 * Jail. 10 6 5 * Ju ly 12
22
22
22% 23 D om inion C o a l ......... .(B o s t o n ). . . .100
1.170 14 Mar. 12 2 4 * J u n e 8
34
3454 E lectric S tora ge B a ttery T .. ( P h lla .) . . . . 100
33
6,5 7 0 1 8 * Mar. 25 3 4 * J u ly 20
8754 38
P referred 1 ..............................
u . ,. .1 0 0
5,180 21 M ar. 8 38 J u ly 2 8 '
3 0 « 87)4
70
70 E rie T e le p h o n e ......................
( B o s t o n )--- 100
5
485 5 9 * M ar. 25 7 2 * Jan.
6 9 * 70
57
557
*56
56W Illinois Steel............................
150 4 4 * Max. 12 60 J u n e 1
44. .. .1 0 0
•21
. . . . 50
675 20 M ar. 12 2 3 * J u n e 8 1
3U 4 Lam son S tore S e r v ic e .................... 44
*21H 22
87
37
*37
7
87)4 L eh igh Coal A N a v ig a tio n .,, ( P h l la .) . . . . 50
264 37 Ju ly 8 4 3 * Jan,
55<
654
Maraden C om pany ? .................
44 — 100
2,617
5 M ay 27 1 1 * Jan. I T
m
135
" 1 3 3 * 134
*133
New E n gland T e le p h o n e ....... ( B o s t o n ) ... 100
45 120 M ar. 12 134 Feb. 7
24
24
23
44
— 25
2 ,076 2 1 * Jan. 5 3 2 * M ar. 2
33)4 O id D o m in io n C o p p e r ? . . . . . .
19
1954 Pa. Jlfg. L ig h t & P o w e r ? .. . ( P h l l a ,) .. . . 50 52,009
6 A p r. 14 1 0 * J u ly 2T
1 9 « 10 %
1 1 6 * 1 1 7 * 11554 117)4 United Gas Im p ro v e m e n t 7..
“
. . . . 50 27,533 9 7 * F e b . 24 1 1 7 * J u ly 281 4 * U H * 1 4 * 14% U nited States O il........... . . . . . ( B o s t o n ) . . . . 25
50 1 0 * F eb . 4 1 5 * J u n e 30
53)4 53%
5
5
1.780 3 3 * F eb . 8 6 2 * J u ly
58)4 53)4 W elsbach L ig h t ? — ......... . . ( P h l l a . ) —
•1
*1
1 * Jan.
3
1 Jan. 13
m
1)4 W e st End L a u d ......... . . . . . . . (B o s t o n ). . . . 25
• 2 4 * 26
*24
25 W estingh. E le ctric A M f g . ,.
“
. . . . 50
8
250 2 0 * A p r. IS 2 5 * Jan.
54
55
54
54)4 P r e fe r re d ....................................
44 . . . . 50
64 50 A p r. 22 5 5 * J u ly 13
receiuts: all iustal. paid. t Tr. rects, 7 E x rig h ts. : L o w e s t Is e x d ivi dend.
§ 20 1 5 -1 6 0 21 7-10

29.

" s s )4
10
50

llVcA*.

!S h a res

I v iiilr o a d S t o c k * .
70 ,B a ltim ore C ity P a s s e n g e r ... (B a lt.) . . . . 25'
“
26;
2 2 * Baltimore* C on solidated.......
22K iB a ltim o re C o n s o lid a te d ! — ( P h l l a .) . . . . 25
225 B o s to n A A lb a n y .....................( B o s t o n ) . . . .1 0 0
“ . ...1001
07;K B oston E le v a te d .............. .........
223
jB oston A L o w e ll......
“
....1 0 0 1
163
B oston A M aine.......
“
,...1 0 0 1
1 0 6 * , Chic, Burl. & Q uin cy...............
“ ....lo o
117 Chic. June. A t in .S t o c k Y d s.
**
. .. .1 0 0
120
I P r e f e r r e d ...........
“
. .. .1 0 0
100 Chic. M ilw aukee A St. P a u l. (P h lla -' . .. .1 0 0
2 8 * IOh oct aw O klahom a & G u lf ..
“
. . . . 50
30
! P referred .....................
“
. . . . 50
40*| C on sol. T ra ctio n o f N. J . t . ..
*•
. .. .1 0 0
101
Fitchburg, p r e f .................... . . ( B o s t o n ) . . ..1 0 0
Ga. Southern A F lo rid a ......... (B a lt.) — 100
1st pre fe rre d .............................
“ . .. .1 0 0

22 * 22*!

A sk .

14*

o r 't h t ! S a n g e » f Sole* *» 1898.

15 Indicate* unlisted.

?«* 2

* 8 0 * .......
80
30*
lies

ACTIVE STOCKS.

W ed n esd a y T h u rsd a y, I F rid a y ,
J u ly 27. J u ly 28.
J u ly 29.

*

*

B id .

A sk .

200

2,001

-

M on d a y, I T u esd a y,
J u ly 25. 1 J u ly 2H.

S a tu rd a y,
J u ly 23.

BONDS
B o a t o n —C on cluded .
Ogd A L C co n 6 s .’ 20 A A O
In com e 6 s .......... . 1920
R u tland 1st 0 s . , ’ 02 M AN
2d 5 s . . . . ....... 1898 F A A
W est i
4 * b ................. 1914 M AS
G old 4 s ........,1 9 1 6 MAN
4 s .................. .1 9 1 7 F A A

2%

2

180

182

46)4
22)4

.....
47
28

B o n d s —B a l t i m o r e .
A tl A Ch 1st 7S.1907 JAJ
A tlG -L ig h tl s t5 s l 9 17J AD
B alt B elt 1st os. 1 9 9 OMAN
112*
12
1 Balt-CPaslet 5 s .l9 1 1 M A N
5*!
E x ch a n g e 8 * s . 1930.1 AJ
154*
B a ltS O h io 4s g.1 9 3 5 A& O
P lttsA C on 5 g .l9 2 5 F A A
::::;:!
Stat lsl 2d 5 g .1 9 2 6 JA J
1

27
SI
32
209* 210
112
11

5
154

*

*

23)4
m

B o n d s —B o o t o n .
A m B e d T e l 7s. 1898 F A A
A T A S F gen g 4 s .'9 5 A&O 3 93U
A d ju s tm e n t g 4 s . . 1995 | 7 0 *
B A M. 3d is 7s,’ 02-07 MAN
87
B o s to n T e r m 'l 3 * s . . 1947 6 1 1 0
97
B os Un Gas 1s t 5 s .’ 89 JA J 4 92
72
2d M o s , ..........1030 JAJ i 78
97
B u rA M o R lv e x ’pt 6s. JAJ 1 1 1 S
N o n -e x e m p t 6 s . ’ 18 J AJ
P lain 4s........... 1910 JAJ | 05
Ch B u rA N 1st 5 s .’ 20 AAO 5] 07
2d M 0 s ......... 1918 J AD $104
Ch B ur A Q 4 s . 1922 F A A $ 99
Io w a D iv 4s. 1019 A A O $ 98
105H
C h icago Ju n e 58.1915.TAJ $114
54
S->| Ch A N o M gu 5 s .’ 31 MAN $ .........
3
Chi A W M gen 5s.’ 2 l J AD 3 6 8 *
Con. o f V e rm ’ t 5 s .’ 13 JAJ • 73
5
C u rr’t R iv 1st 5s.‘ 27 AA O $.........
D G R A W l s t 4 s , ’ 40 A A O I 8 2 *
*i1 O
n«0 H
3 « D o m ln Coal ls t A s /ld M A S $
E ast’u 1st M 6s g .4O0 MAS $ 1 1 8 *
3
F t ElkAM V 1st 6 s '3 8 end
U n st'p ’d 1st 6s.*83 AA O $136
1654 Illin Steel cp n v 5 a .'1 0 JAJ 4 89
D e b e n t m * 5s. 1013 A A O $ 8 8
3)4
27H K C C A S l » t 5 a g . ’ 25 AA O
l?J4 K C F t SAG 1st 7u.’ 08 J AD
K C F SA M con 0a,’ 28M AN $103
K C M A B 1st 4a..*34 M AS i 79
” ‘s *
v J n c o m e 5a......................... 1 3 3 *
97
K C A M R yA B 5a,’ 29 AA O
185
K C S t J o A C B ? s . '0 7 JAJ $119
4 H L&mfl'n S t’re S 6a.’ 09 M AS
3
$101
*
42
2d M 5-6 r .,,.1986 AA O •
71
14& M ar H A O ut 6 s...’ 25 AAO $ 1 1 0
$.........
i M ox C entral 5s. 1917 A A O II.........
4s g ...................1011 JAJ $ 0 2
l own
185
1st c o n ln c 3s g non-cum
12
2
2d co n In c 3s hon-cum ..
N ow Eng T e le 6 s .’ 99 AA O
6 s .................... 1007 AAO $ ........
30)4 N V A N Eng 1 s t 7 s .'05 JAJ $ 1 1 8 *
1st m o rt 0s.. ..1 9 0 5 JA J 5112)4
05k

131
153

94
70*
ill
92*
79*

75
80
83
120

90
90
80
lb s *
80
35
120*
102

90
80
03
5*
.....
.........

iu

'

Fund debt2-3s. 1991 JAJ
V o A T en n 2 d 0s, 19 0 0 J A J
8 s....................... 1900 JAJ

15

117

119

100

90)4 1 0 0 *
114
122
100*

114* U 4 «
lie *
77

114*
103

G aSoAFIa 1s t 5s. 194 5.1 AJ
L a k e R E l lHtgu5s’ 42M A S
M ac AN I st 4 * s . 1990M AS
M etSt ( W a s h ) 1s t 5 s*26 F A
Now Or) Gas 1st 5 a ...V a r
N orth Cent. 4 * h. 1 9 2 5 A A O
0 b 190O.................... A A O
0s gold 1900 ......... .JAJ
6 s 1 9 0 4 . , . . , ............. JAJ
Series A 5a 1 9 2 0 ...,JAJ
Series B 5a 1 9 2 6 ...,JAJ
O hio AM 1»t7 S D 1 9 0 5 M AN
PlttsA C on l e t 7s 189 8JA J
P itt Un T ra c 5a. 1997 JAJ
Potom Val 1 st 5a. 1941J AJ
S e cA v T n (P it1 «)6 a ,84JA D
Scab A Roan 5 s .192 0 JAJ
Virg M id 1st 08.1906 MAS
2d series 6 s .. 1911 M AS
3d series 6 s .. 1916 M AS
4th ser 3-4-5s. 1921 M AS
5th series 5s. 1926 M AS

Bid. Aek.
115*
114
1 0 8 * 109
115
114

$105
S107
$103
{ .........

Bal T rac 1st 5s. 192 9M AN
E x t A Im p 6 s. 1901 M AS
N o BaltDSv 5s. 194 2J AD
C on v’ rtible 5sl9 0 6 M A N
C apeFA Y srAOg. 1 9 1 6J AD
1st 0s ser B ..1 9 1 6 t r rec
1 st 6 8 scr C ..1916 t r rec
Cen t O hio 4 * s g . ’ SO M AS
Central Ry 6 s ... 191 2 JAJ
Consol 5 s . . . . 193 2 MAN

CityASub 1st 5s. 1922JA D
Col AG rn v 1 s t5 -6 .1917 J AJ
C onsol Gas 6 s .. 1910 JA D
5s......................1930 JA D
Q a A A ia ls t p f5 s l9 4 5 A & 0
G aC ar& N lstS sg. 1929JA J

BONDS
B a l t i m o r e —C o n clu ’ d.
W e s t N C co n 08.1014 JAJ
W e s t V a C & P lstG g.’ l ! JA J
W U C olA A u g 6s. 1910 J&D
W il A W e ld 5s.. 1035 JA J

$100

101)4

CharlC&A extS s. 191 0JAJ

A sk .

$105

B AOS W 1 H tt* g. 1990J A J
BttltAPl stOsm f 1911 A A O

.........
60

B id .
♦ 93

110 )4
102*

69
44
40
103
115
113
107
303
114
now
11A
109
101)4
01)4
119
104

72
50
47
.........

7*
117

11

no

92
104*

111

119
100
111

105
106*
104*
112 U
116

no

105
107
102*

103

90
u i

100

101)4

102

108
317
114)4
00

103*
77
71)4

71*

100

105

........J

B o n d s — P h ila d e lp h ia
A t l City 1st 5s g ..’ 10 M AN
B uffalo R y c o n 1st 5a. . ’ 31 1 1 4 *
Cataw issa M 7 8 .1 9 0 0 F A A 107
C h esA D C a nlst5st*I6 JA J
50
C h oc Ok la A G prior lien 0s
G eneral 5 s . . . . 1919 JA J
96*
Cit’s ’ St R y (In d )c o n 5s.’ 33
C olum S t R y l e t c o n 5s.’ 32
C olum O Crosst 1st 5s..’ 33
C on T ra c o f N J 1st 5s:.’ 38 1 0 5 *
D el A B B k 1st ? s .’ 0 o F A A
E a stA A 1 st M 5s.’ 20 M AN 1 0 8 *
E d ison E le c 5s stk tr cti'a.
E le c A P e o p ’ s T r stk tr c tfs
E lm A W ilm 1st Gs.’ lO JA J
I n c o m e 5s__ 286 2 A A O 1 0 5 *
E q D1 G as-L I s t g 5 s .l 9 2 8 1 0 5 *
H e s to n v M A F c o n 5s. ’ 24
H A B T o p co n 5s.’ 25 A 4 0
In te rn a t N av 6 s . . . . . 1906
K C Sub B 1st 6 s ..’ 20 JA D
99
K C P A G 1st 5s..’ 23 A A O
72*
L e h ig h N a v 4 * s . .’ 14 Q -J 1 0 9 *
R R 4 s g ............ 1914 Q -F 1 0 6 *
onaol 7s . , . ' 91 I I ■-D
G en M 4 * s g . .1 9 2 4 Q -F 102 ’
L e h V CT 1 s t 5 s g .’ 33 JA J
L e li V a l e x t 4a.. 194 8 J AD i i i '
2d 7s...........................1910 M AS
C onsol 6 s........ 1923 JA D
A n n u ity 0s...............JA D
N ew ark P ass c o n 5s. 1930
N T P h A N or 1st6s. ’ 2 3 JA J
N o P en n 1st 4s..’ 36 MAN
G en M 7 s ......... 1903 JAJ
P e n n ge n 6s r.. .1 9 1 0 Y a r lSO&C
C onsol 0s c . . . ,1 9 0 5 V a r
C onsol 5s r . . . . 1919 V a r 122
C ollat T r 4 * s g .’ 13 JA D
P a A N Y Can 7s..’ 06 JA D 120 *
Cons 5 s . . . . . . 1939 A A O
Cons 4 s ........,1 0 3 9 A A O
P e n n Steel ls t5 s .’ 17 M AN
P e o p le ’s T r t r ce rts 4s .’ 43 103
P e rk io m 1st seroa.’ lB Q-J 1 0 2 P h lla E le c g o ld tru st c tfs
P h A E r gen M 5 g .’ 20 A A O
G en M 4s g . . 1 920 A A O
P h A Read 2(15s.’ 33 AA O
Conflol M 7 s .. 1911 JA D
Con M 0a g . ..1 0 1 1 JA D
E x t Im p M 4s g .’ 47 A A O 102
C on M Of ’ 82 4 s .’87 JAJ 102
10-yr s f 5s g,10O 2 FA A
T erm inal 5a g.1041 Q -F 119
P* W il A B a lt 4 s .l9 1 7 A A O
C ollat tru st 4s. 1021 JA J 1 0 7 *
P itts C A S tL 78.1900 F A A 108
82*
R ead Co gen 4s, 1997 J A I
95
R o ch e ste r R y con 5 s .l9 3 0
S ch R E B ld o ls to s g ’ 85J AD 1 0 4 *
U nion T e rm ’ l l s t 5 s .F A A
U nited N J 4 s .. 1944 M AS
U n T racP lttB gen 5 s’ 97JAJ 1 0 3 *
? Unll
SAtid a ccru ed Interest.
•Price in clu d e s o v e rd u e co u p o

107*-

7 8«.
105J4

90 Yi
i'o 'iw

181M

S2*
120
108«

*
*
108

105

sled.
na.

THE CHRONICLE

J uly 30, 1898.J

Jtmestmeui

R oads.

W eek o r M o

AND

J jU ilro a d I n te llig e n c e .
R A IL R O A D

E A R N IN G S .

The following table shows the gross earnings of every
3TEAM railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the
gross earnings for the latest week or month, and the last two
columns the earnings for the period from January 1 to and
inoluding such latest week or month.

The returns o f the street railways are brought together sep
<arately on a subsequent page.
Latest Gross E a rn in g s.

B oads
W eek o r M o

Adirondack...... May..........
Ala. Gt. South.. 3d w kjuly

217
L a test Gross E a rn in g s .

J a n . 1 to L a test D a le .

1898.

1897.

1898.

S
16,567
30.891

$
15,993
29,713

$
1
95,916i
926,082!

1

1897.
$
87,093
832,599

Ua. N. O. Tex. A ! Pao. Juno i
N Orl. & N. E Ithwk J’ne
41,000
36.000)
690,731)
617,542
Ala. * Vioksb. -Ithwk J'ne
19,000
16,000
334,612
276,616
18.000)
Vloks. Sh.& P. Ithwk J’ne
20,000
330,675,
251,125
Allegheny V al.. June . . . . . . 221,764 219.887) 1,268.622 1,151,734
21,6521
19,995;
787,969
Ann Arbor.........)34 w kjuly
686,816
A rk.M idland... May..........
7,580
7,511
49,118
36,16
Atoll.T. AS.Fe.e May.......... 3,289,470 2,803,625 15,787.838 13,362,979
Atlanta A Char . May..........
124,590
121,425
668.297,
682,954
A tl.Knox.AN o. June.........;
23,077
22,378
151,970
125,213
Atlanta A W. P. May..........
41,554
39,283 i 233,638
226,276
Atlan. A lla n v .. 3d w kjuly
10,331
11,250
309,337)
292,618
Austin A N ’weBt May..........
9,542
10,914
52,880
75,211
Balt. & O hio.... June......... 2,328,015 2.208.793113,518,023 12.068,709
Bal. AO.Sou’ w. 3dwk July
118,511 123,-50 3,732,456 3,297,329
BathAHam’nda May...........
1,403;
1,666
8,578)
8,5y5
Blr. A Atlantic.'June.........
1,585
1,6221
12,754
10,419
BranBw’kAWest April.........
45,950
44,606
189,533i
177,718
Buff.Koeh.APltt 3d wkjuly
81,450)
73,738 2,029,410 1,773,457
Buffalo A Suaq.. May..........
43,497)
49,287)
216,086
221,142
Bur.O. B a p .A N .3d w kjuly
67,779)
71,357* 2,134,188 2,055,037
OanadianPaclflc 3*1 wk Jiilj’ 448.0 0 489.000 13.011.019
Car. Midland.......June........
2.415
2,536
24,24.9
24,415
Cent.ofGeorgia JdwkJuly 117,692
81,920 2,743,419 2,618.3^7
Central of N. J.. June......... 1,054,068 J,026,083 5,747,817 5,526,598
Central’ Pacific. May........... 1,474,335 1,044,817 6,062,410 4.728,357
Gharlest’nASav April........
52,226
48,074
265,482
240,141
Chas’u AW. Car. March.......
87,529
79.564
260.457
241,188
Chattan’ga So.. 3d wk July
1,392
1,384
37,740
41,613
dies. A Ohio---- 3d w kjuly 207,404
227,608 6,275,993 6,001,207
Chic.Bur. A Q .d May.......... 3,551,597 2,806,061 16,658,802 13,919,714
Ohio. A Eaat.fi]. 3d w kjuly
85,<24
74.465 2,236,732 2.123,748
Ohio. Gt. West’n 3d w kjuly
85,019
80,318 2,847,958 2,528,754
Ohio. Ind. A L . 3d w kjuly
66,386
75,642 1,729,106 1,593,650
Chlc.Mll.ASt.P.ITd wkjuly 568,259 588,850 17.466,744 15,558,817
Chic. A N ’thw’n June......... 2,995,884 2,914,527 16,994,655 14,336,809
Chic.Peo.ASt.L. June.........I 51,793
66,745
416,035
404,997
Chio.R’ k I. A P.. June......... 1,445,019 1.233,300 8,508,955 6,^-85,643
Chio.St.P.M.AO. June........ 614,141 635,588 ------M |
3,724,546 M
3.446,865
Ohio.Ter.Tr.RR. 3d wk July
23,974
20,816
631,148;
579,840
e ,T
T Mich.
' —
--------CJhio. A
W.
3d --------wk Julv 1 33,821
29,172
949,113
826,934
Choc.Ok.AGuif. May..........
105,'.j0 i
57,767
641,34 4
416,599
Otn.G.APort«’tb June.........
4,800
5,534
26,956
27,850
Cin.N.O. A T. P. June........
411,287 299,334 2,188,482 1,719,237
--------- .
22,716,
Cin.Ports.A
Vir .M arch.......
19,412
61,408,
52,283
Clev.Can. A S o.. 4thwkJ*ne
22,128
336,214
18,205
311,302
Ol.CLn.Ch.ASt.L 3d wkjuly 258,127 253,707 7,623.079 7.188,991
Peo. A East'n June......... 145,212 129,385!
914,012
797,727
01.Lor.de Wheel. 3d w kjuly
26,469
___
14,235
OoL Midland— June........
124,051 145,874
783,508
763,037'
Col. H. V .A T o l J une......... 215,845 213,056 1,225,148 1,115,119
Col. Sand’y A H . 3d wk.July
17,990
392,383
7,669
428.631
ColusaA Lake.. June.........!
1,100
1,500
8,800
8.5501
Crystal................M ay............ 1
_____
1.422_
1,471
6,298
4,443
CumoTd Valley [May..........
62,376
312.310
277,429
56.599
Denv. A Rio Gr. '3d wk July 152,700 150,100 4,282,533 3,612.639
DesM. A KanC. ithwkMch
4,433
4,536
4 4,212
37,248
Des M. N. A W ..,June.........
43,237
35,733
192.967
259,619
Det.G.Rap.AW, 3d w kjuly
26,378
20,421
657,113
774,874
Det. A Lima No. 3d wk July
6,704
118.522
5,255
228,2051
Det.de Mackinac May..........I 51,747
42,180
213,840
232.014,
DuluthS.S.AAtl^d w kjuly
39,043
925,295
763.523
38,579;
3EynJoi.dc East.'June........| 110,307
561,632
752,172
101,654
.............. May............ 2*826,328*2,716,875 12,766,698 11,939,311
Eureka Springs. May..........
4,705
4,989
21,5*6
24,122
3Bvans.AInd’_
_ _ wkjuly
______ |
tlnd'plls 3d
5,794
6,464
154,513
145,895
' July | ||
m
30,786
Bvansv. A T. H. 3d wk
2 l'290
637,201
557,005
Fitchburg.......... May............
615,^28 608,853! 2,827,949 2,681,922
Flint A P. Marq. 3d wk July
48,764'
48,289 1,579,43^* 1,470,891
™
Fla.Cent.de Pen. j2d wk July
63,009
38,570 1,651,416, 1,284,678
Ft.W’thADen.O. 2d w kjuly
542,652
18,604
670,716
27,584
Ft. W. dc Rio Gr. 3d wk J uly,
152,571
5,456
243,602
4,749
Gads, dc Att. U. June___
4,380
589
3,642
837
Georgia HR.......3d wk J u M
26,2261
23.550'
Georgia A A la .. 3d w kjuly f 25,6201
552.062
649,779
20,2261
Ga.Car’la A No. May..........
370,076
58,160
60,367
350,575
Geo. So. dc Fla..! J une.........
406,927
95,786
09,6171 482,219
Gr. Rap. A Ind.. 3d wk July
44,4161
41,942 1,112,261 1,006,377
CI11.R.A Ft.W.{3d wk Julyi
214,321
8,24 5 i
237,127
6,74-Ji
Traverse City. 3d wk July*
20,710
1,051
22,215
6*81
Mns. G. R. A I. 3d wk July,
58,463
2,392
64,35
2,095
Tot all lines. 3d wkjuly
56,104
51,4731 1,435,958 1,299,871
Gr.Tr’nk Syst’m 3d wk July1 419,991 457,639 12,853,243 11,765,897
Chic. AGr. Tr .. 1st wk .July
67,660
60,287 1,920,395 1,498,810
Det.Gr.Ii.AM. lstwk July 1 19,895
478,519
---------442,311
19,613i
Great North’n—
8t. P. M. A M June......... 1,423,857 1,146,547 7,858,773 6,128,013
669,965
East of Minn. June......... 110,134 149,509
716,87t
961,359
Montana Cent June......... 157,462
184,2181 OTP
SR
998,713
Tot. system . June......... 1,691,253! 1,480,274 9,574,362 7,759,337
57,842
GTfB’mntAK.C. June.........
15,110
10,127
80,312
20,697
Gulf A Chicago . June........ i
2,356
2,473
23,474
24,399
Hoo9.Tun.AWlL June.........
4,764
5.0S4'
24,400
Hous.ATex.Cen May..........
178,339
179,227 1,108,857 1,102,773
Illinois Central t June......... 12065303 1 1793454 113158238 t 10701694
105,266
Ind. Dec. A West. Maroli.
104,613
31,104
30,798
340,563
64,642
Ind. 111. A Iowa. May....... ..I
386,230
67,022
ImAGt.North’n. 3d wkjuly
53,317' 1,758,597 1,695,516
50,961)
Unteroc. (Mex.) Wk July 9
57,900 47,200 1,704,100 1,391,360
34,420‘ 979.352 844,254
Iowa Central... Jd wk July
29.115'

1898.

1897.

Jan. 1 to L a test D a tt,

1898.

1897.

Iron Railway...'June .
4,044
2,483
18,013
Jack. T. & K .W June
30,653
23,633
1887058
165,311
Kanaw’aAMich 3d wk July
11,449
13,580
300,721
273,421
K.C.F.ScottAM. 3dwk July
72,775
76,242 2,586,243 2,420,774
K.O.Mem.vfe Bir. 3d w kjuly
21,939
16,064
818,693
623,370
Kan. C. N. W .... June.........
24,115
21,485
169,907
155,314
Kan. City AOm. 2d wk July
3,343
2,930
130,301
124,440
K. C. Pitts. & G. 3d w kjuly
55,143
42,393 1,714,733 1,004,907
Kan.C.Sub.Belt. 3d w kjuly
“ 9,454
6,3-7
252,643
188,150
KeokukAWest.c 2d w kjuly
8,319
10,297
284.630
278,546
L. Erie A West. 3d wk Jul.
63,837
59,988 1,819,100 1,806,002
Lehigh A Hud.. June.......
33,441
30,081
178,297
163,915
Lehigh Val. RR. June....... 1,492,659 1,418,186 8,429.587 8,142,523
Leh. V. Coal Co. June....... 1,155,950 1,233,520 6,491,127 6,378,075
Lex’gtonAEast. May.........
19,026
20,307
88,065
85,962
Long IslandRR. _____
June.......
422,176 426,752 1,815,516 1,681,874
Long Is. System. June
463,998 472,635 1,919,181 1,794,740
Los Ang. Term.. June
7,479
8,459
39,090
39,749
Louis.Ev.ASt.L. 2d wkjuly
25,593
23,826
779,804
701,348
Lou. EL A St. L .. 3d wk July
9,776
10,658
267,600
240,116
Louisv. AN ashv. 3d wa July 418,540 398,255 12,106,188 10,946,014
Macon A Birm.. June
2,823
3,672
26,095
28,118
Manistique....... June
9,753
15,800
58,757
60,318
tMexican Cent.. 3d w kjuly 239,434 195,253 7,362,830 7,194,403
Mexican Inter5!. Ju n e......... 271,929 236,829 1,665,972 1,542,766
tMex. National 3d wk July 112,923
92,620 3,326,692 3.237,732
Mex. Northern . May..........
44,352
48.715
228,793
271,749
1Mexican R’ wav Wk July 9
72,800
64,500 2,166,000 1,944,000
Mexican So,
lstwk July
13,290
15.715
348,852
376,346
Minneap. A St.L. 3d wk July
33,413
40,611 1,109,611 1,033,118
M.
St. P.AS.St.M.
66,123
3d w kjuly
74,185 2,008,562 1,802,847
Mo. Kan. A Tex 3d wk July 183,123 184,621 5,480,118 5,423,469
Mo.Pao.AIronM 3d wk July 438.000 413.000 13,484,114 11,764,147
Central Br’ch. 3d w kjuly
24.000
21,000
705,354
526,691
Total............ 3d wkJuly 462.000 434.000 14,189,468 12,290,838
Mobile A Birm.. 3d w kjuly
4,282
5,187
196,114
166,247
Mobile A Ohio.. J une......... 308,500 301,566 2,072,440 1,877,328
Mont.AMex.G’f. June......... 114,162
99,739
762,189
670,290
Nash.Ch. A St.L. June......... 422,286 463,242 2,735,720 2,550,100
NevadaCentral. April
3,004
14,175
2,035
9,865
N. Y . C. A H .R .. June......... 3,625,400 3,894,713 22.172,423 21,341,676
N. Y. Ont. A W .. 3d w kjuly
90,332 1,960,523 2,013,846
86,699
N. Y. Susq. A W. May..........
135,850 181,922
863,250
826,663
Norfolk & West. 3d wkjuly 209,241 234,330 6,086,715 5,728,046
Northea’n(Ga.). A.dH1........
3,980
24.630
3,565
19,971
Northe’s'n(8.C.) March
162,676
45,870
50,230
160,159
North’nCeutral. June ..
507,302 472,276 3,012,494 3,026,391
North’n Paciile. 3d wkJuly 433,962 411,748 11,476,942 8,775,751
Ohio River......... 3d w kjuly
21,032
481,567
20,328
482,813
OhioRiv.AChas. June.........
11,091
99,770
11.533
86,661
Ohio Riv.AL.E. May..........
12,255
1,901
2,800
10,809
Ohio Southern.. June.........
314,963
47.066
309,671
44.088
Om.Kan. C.A E. 2d wkMch.
158,55
11.533
14.246
114,754
Oreg.RR.ANav. 3d wk July 151,438 127,841 3,651,571 2,306,627
Oreg. Sh. Line.. May.......... 554.312 493,*42 2,452,150 2,119,526
Pao. Coast Co.. May.........„ 432,060 309.600 2,292,512 1,290,687
Pacific Mail....... May..........
326.330 386,374
Pennsylvania^.. May.......... 5,399.767 5,085,567 26,114,976 24,404,176
PeoriaDeo.&Ev. 3d wk J uly
465,501
15,591
468,540
16,683
Petersburg.
259,564
283.510
73,892
May..........
62,808
Phila. A Erie... May..........
391,611 354,7 jl8 1.515.004 1,4.90,552
Phila. A Read... May.......... 1.697,546 1.613,102 8,280,405 7,719,901
Coal A Ir. Co May.......... 1,802,851 1,037,609 7,931,568 7,186,362
Tot. both Co’s. May.......... 3,500,397 3,250,711 16,211,973 14,906,263
Phil. R. A N. E June.........
287,859
304,632
56,852
58.348
Phil. Wilm. A B. May.
863,558 801,658 3.744.4 663.523.666
Pitts. C.C.ASt.L, June____ 1,176,630 1,188,613 7,539,284 6.789.667
Pitts.Liab.A Wu June........
22,838
21,917
3,203
3,627
Pitta.Bes.AL.E. Juno
265,039
502,535
52,069
122.509
Pitts. A W ea 'n . . 3d wk July
911,354
959,950
29.972
34,803
Pitts, 01. A To1. 3d wkjuly
444,009
574,268
19,109
18,32 6
Pitts. Pa. A F. 3d wk July
172,928
182,040
8,764
6,348
Total system 3d w kjuly
62,6; 6 1,723,144 1,534,006
55,143
Pittsb.Yo. A A .. June......... 148,885 182,520
583,313
714,387
Rich.Fr'nsoA P. May..........
306,165
356,418
76.474
100,561
Rich.A Petersb. May..........
166,350
147,266
42.501
35.067
Rio Grande Jet. May..........
104,850
138,497
22.190
33,159
KioGrande So’n 3d w kjuly
194,056
240,830
6,810
8,400
RioUPde West. 3d w kjuly
64.000 1,719,146 1,368,366
64,100
St. Jos. AGr. I . .. 3d w kjuly
559,484
626,853
2 2 ,0 1 0
24,^12
St. L.Chi. A St.P. June
142,291
158,557
23,462
23,886
24,992
St.L.Keu’etA So June
29,458
4,855
5.246
SLL.ASanFran. 3d wk July 118,069 112,498 3,626,932 3,209,308
S t.L . S o u t h w e s t . 3d w kjuly
76,500 2,630,369 2,259,714
88,600
St.Paul & D al.. June
652,177
685,884
119,752 147,793
777.254
761,582
San. Ant. A A. P May.
129,209 144,858
334,629
368,932
SanFrau.AN.P. June
65,944
71.093
298,822
S. FePres. APh. lstwk J’ne
341,936
13,953
17,323
Sav.Fla.A West. April......... 271,810 257.937 1,152,807 1,130,077
124.255
126,455
Sher.8hrev.AS0. 4tnwkJ’ne
____
3,844
5,184
. 64,010
62,494
23,305
Sil.Bprs.O. A G. 1A p r il.... ~
18,239
Silverton.......... June..........
6,943
2,500
June .
Sioux C. A Nor. M ay..
80,108
95,026
16,440
19,869
10,788
12,454
So.HavenAEast June .
2,535
3,100
So. Paolhc C o .Gal.Har.A 8.A May..........
474,441 337,937 2.249.969 1,810,574
406,340
506.952
70,941
99,832
Louis’a. West. May..........
Morgan’sLAT. May..........
490,330 333,273 2,524,572 2,076,954
116,751
125,516
23,341
N .Y .T . A Mex. May..........
22,495
634,285
657.848
Tex. AN. Orl.. May..........
133,264 118,957
5,12S,068
6.177.969
Atl. Prop’tes.fc May.......... 1,235,370 944,505
80. Pao. of Cal. May..........
945,835 789,270 4,532,029 3,753,936
So.Pao.oLAriz. May..........
288,323 212.838 1,470,631 1,062,817
576.007
734,378
So.Pao.ofN.M. May..........
161,699 126.870
787,761
884,268
NorthernRy.. May ......... 202,800 172,722
3,511.737 2,651,238 15,487,994 12,220,807
Pacific system'May
18,609,936
22,971,098
Total of all./|May........ ’4,955,915 3,807,307
Southern
Ry.*/.. 3d
-------------" * wk
‘ July
*
456,868 364,373 11.413,629 10,315,111
631,293
732,502
31,455
Memphis Div. 4thwkJ’ne
32,1?5
6,025
5,057
2,019
StonyCl. AC.Mt. May..
1,860
114,192
137,431
4,165
Texas Central.. 2d wk July
4,180
Texas A Pacific. 3d wk July 104,620 103,367 3,823,323 3,348.214
15,194
20,773
Tex. S.V.&N.W. J une.........
2,005
2,995
885,769
963,012
21,198
Toi. A Ohio Cent. 3d wkjuly
26,587
470,224
512,389
15,588
Tol. P. A West.. 3d w kjuly
14,988
40,611 1,142.972 1,159,935
Tol.St.L. A K.O. 3dwk July
41,721
Union Pac. RR.. May.......... 1,364,994 1,242,709 6,285,133 5,475,900
63,296 1,943.780 1,72 d,411
62,022
Un.P.Den.AG.. 2d wk.Tuly
Wabash............. 3d wk July 250,324 220,905 7,088,539 6,009,270
85,382
69.530
14 451
10,511
WacoANorthw. May..........
801,844
828,827
183,750 194,38b
W. JerseyASea’e May..........
95,572 98,239
W.V.Oen.APitts May..........
117,942
119,252
34,547
35,085
West Va. A Pitts. April.........
257,170
259,733
48,166 46,214
Western of Ala. May..........
1,465,536
1,546,332
02
,0
0
0
58,700
West.N.Y.APa. 3d wkjuly
539,804
773.136
12.720
25.401
Wheel. A L. Erie!3d wk July

218
R oads,

WUkcab.AEast.
WU. Col. A Ang.
W isconsin Cent.
Wri ghtev.A Ten.
T o r t Sontbern.

THE CHRONICLE
Latest Brass Rarnings.
Week or Mo

1898.

M arch.......
3ft wk July
M a v .......... i
M a y .........1

$
34,497
69,270;
92.479
6,710!
6,236

1897.

tan. 1 to Latest Date.
1898.

1897,

$
i
$
S
27,433
56.180
205,092:
186,357
I 99,224 3,603,000 2,224,061
35,709
5,373
33,108
5,700
29,499'
25,826

a These figures l»01ude results on leased lines. t> includes earnings
from ferries, etc., not given separately.
c Includes Des M oines A
Kansas City for all periods.
d Includes operations o f the Clilo, Btir
llngton A Northern In both years.
t Includes results on A. T. <te S.
Fe. Gulf Col. A 8 Fe, S. Fe Pacific (old A tlantic A Pacified and 8o.
Cal. Ry.
f Includes the Pacific system , the A tlantic properties aud
the Houston & T exas Central system. Beginning Ju ly, earnings o f
Memphis D ivision and M iildlesborough & Aiken b ran dies are inoluded
fo r both years.
t Includes Chesapeake A Ohio So'weatern, Ohio V alley and Chloago
•nd Texas for 1898 but not for 1897
J M exican ourrenoy.
1 \ Covers results o f lines d irectly operated east o f Pittsburg.

Latest dross Earnings by Weeks — The latest weekly earri­
ngs in the foregoing are separately summed up as follows:
For the third week of July our preliminary statement
covers ”4 roads and shows 3'38 per oent increase in the
aggregate over the same week last year.
3 d w eek o f J u ly .

Alabama Gt. S outhern...
Balt. * Ohio Southw est..
Burl. Ctd. Rap. A No.......
Canadian P a c ific .... . . . .
Chattanooga S outhern...
Ohloago A East. Illinois
Chic. G rew Western.......
Chic. Indjauap.<fe Louisv.
Chicago Milw. A St. Paul
Chic. Term. Transfer___
OhleagoAW eat Michigan
Olev. Gin. Chic. A Bt. L ..
Clev. Lorain A Wheel*ft..
Col. Sandusky A H ock’g .
Denver A R io G ran de...
Det. Gd. Rapids A West.
Det. A Lima N orth......
£van8V. A Indianapoile..
Evausv. A T erre Haute..
Flint A Pere M arquette,.
Ft. Worth A R io Grande,
Grand R apid b & Indiana.
Cincinnati R . A Ft. W ..
Mnsk. Gr. Rap. A In d -,
Grand Trunk................. )
Chic. A Grand Trunk >
Det. Gd. H. & M ........ 3
International A Gt. N o..
Kanawha & M ichigan___
Kan. City Ft. S.
Kan. C. Mem. & Birin___
Kan. City Plttsb. A Gulf
Kan. City Sub, B elt_____
Loulsv. Hend. &•. St. L ...
Louisville A N ashvU le...
M exican C entral.......... .
Minneapolis A St, Louis.
Minn. St. P. A 8, 8 t e . i l . .
Mo. Paolflc A Iron M t___
Mobile A B irm ingh am ...
w. Y. Ontario A Western
Ohio R iver........................
Peoria Dec. A E v an a v ...
Pittsburg & W estern.___
Rio Grande Southern___
Bt. Joseph A Gd. Island.
St. Louis A San Fran___
Bt. Louis S outhwestern..
Southern R ailw ay______
Toledo A Ohio C entral...
Toledo P eoria A West’n ..
Toledo St. L. A Kan.City.
Western N. V. A P enn ...
Wheeling & Lake E r ie ...
Tidal (7 4 roads) ..........
NetinoreaHO (3*30 o. o.)..

1 898

$

1897.

In crea se.

9

9

D ecrea se.

$

30,891
2 1 ,6 5 2
1 0 ;3 3 l
118 ,51 1
8 1 ,4 5 0
67,7 79
4 4 8 .0 0 0
117,692
1 .3 9 2
2 0 7 .4 0 4
8 5 ,0 2 4
85.0 19
66,3 86
5 6 8 ,25 9
2 3 .9 7 4
33,821
258 ,12 7
2 6 ,4 6 9
1 7 ,9 9 0
1 5 2 ,7 0 0
2 6 ,3 7 8
6,704
5 ,7 9 4
2 1 .2 9 0
4 8 ,7 6 4
5 ,4 5 6
2 6 ,2 2 6
2 5 ,6 2 0
44,4 16
8 ,2 4 5
1 ,0 5 1
2 ,3 9 2

29,7 13
19,9 95
1L250
1 2 3 ,3 5 0
7 3 .7 3 8
71,3 57
4 8 9 ,0 0 0
8 1 ,8 2 0
1 ,3 x 4
2 2 7 ,6 0 8
7 4,4 65
80,3 18
7 5 ,6 4 2
5 3 8 .8 5 0
2 0 ,8 1 0
2 9 ,1 7 2
2 5 3 ,7 6 7
14,2 35
7 ,6 6 9
1 5 0 ,1 0 0
20,421
5 ,2 5 5
6 ,464
3 0,7 86
4 3 ,2 8 9
4 ,7 4 9
2 3 ,5 5 0
2 0 ,2 2 6
4 1 ,9 4 2
6 ,748
688
2 ,0 9 5

1,178
1,057

4 1 9 ,9 9 1

4 5 7 ,6 3 9

3 7 ,6 4 8

5 0 .9 6 1
2 9 ,1 1 5
1 1 ,4 4 9
7 2 ,7 7 5
21,9 89
5 5 ,1 1 3
9 ,4 5 4
63,8 37
9,7 76
4 1 8 ,5 4 0
2 3 9 ,4 3 4
1 12 ,92 3
3 3 ,4 1 3
06,1 23
1 83 ,12 3
4 3 8 ,0 0 0
2 4 .0 0 0
4 ,2 8 2
8 6 ,6 9 9
2 09 ,24 1
4 3 3 ,96 2
2 0 ,3 2 8
1 5 1 .4 3 8
1 6 ,6 8 3
5 5 ,1 4 3
8,400
6 4 ,1 0 0
2 2 ,0 1 0
1 1 8 ,0 6 9
88.6 00
4 5 6 .8 6 3
1 0 4 ,62 0
26,5 87
14,988
41,7 21
2 5 0 .8 2 4
5 8 ,7 0 0
25,4 01
9 2 ,4 7 9

5 3 ,3 1 7
3 4 ,4 2 0
1 3 ,5 8 0
7 6 ,2 4 2
1 6 ,0 6 4
4 2 ,3 9 3
6 ,387
59,9 88
10,6 58
3 9 8 ,2 5 5
195 ,25 3
9 2 ,6 2 0
4 0 ,6 1 1
7 4 ,1 8 5
1 8 4 ,62 1
4 1 3 ,0 0 0
21,0 00
5 ,1 8 7
9 0 ,3 3 2
2 3 4 ,8 3 0
4 1 1 ,7 4 8
2 1 ,0 3 2
J127.841
15,591
6*2,676
6 ,816
64,0 00
2 4 ,9 1 2
1 1 2 ,49 8
7 6 ,5 0 0
3 6 4 ,3 7 3
1 0 3 ,36 7
2 1 ,1 9 8
15,5 88
40,6 11
2 2 0 ,90 5
62*000
12,7 20
99,2 24

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

7 ,2 5 6 ,4 4 6

7 ,0 2 0 ,2 4 4

7.712

869
5 ,3 3 9
3 ,5 7 8
4 1,0 00

3 5 ,7 7 2
8
2 0 ,2 0 4
1 0 ,5 5 9
4,701

. . . .. .
3 ,1 5 8
4 ,6 4 9
4 ,3 6 0
1 2 ,2 3 4
10,3 21
2 ,6 0 0
5 ,9 5 7
1,449

9 ,2 5 6
20,591

_______

________
.

______
. . __
6 70
9 ,4 9 6

475
707
2 ,0 7 6
5 ,3 9 4
2 ,4 7 4
1,497
363
297

5.925
12,7 50
3 ,0 6 7
3 ,8 4 9

- V-. r.
_____

882
2 0 ,2 8 5
4 4 ,1 8 1
20,3 03
7 ,1 9 8
8 ,0 6 2
1,498
2 5 ,0 0 0
3 ,0 0 0

22,2 14

905
3 ,6 3 3
2 5 ,5 8 9
704

23,597
1,092

. . . __

1 ,5 8 4
100

7 ,5 3 3
2 ,9 0 2

5,571
12,100
9 2,4 95
1 ,2 5 3
5 ,3 8 9

___ __

1,110
29,919
12,681

6,745
2 3 1 ,46 1

For the second week of July our final statement oovers
82 roads, and shows 4*41 per cent increase in the aggregate
over the same week last year,
2 d w eek, o f J u l y
Previously ren d <75 r’dai
Fla. Cent. A Peninsular.
Kansas City A O m a h a ...
M obile A B irm ingham ...
Un. l ’ ac. Den. A G u lf....
Total (82 r o a d s )--------2?*t inoreaae (4*41 p. o.L.

1898*

1897,

*
7,043.579
63,009
26,478
3.343
8,319
5,443
4,180
62,022

s
6,763.167
38,570
23,815
2,930
10,297
5,450
4,105
63,296

7,216,373

6,911,690

Increase.
$

436,181
24,439
2,663
413

Decrease,
a
155,769

1898.

Roads,

Alabama Q t.8outh. « J uno
135,211
Jan. 1 to June 3 0 ___
836,475
July 1 to June 3 0 .... 1.7.tL,933
Allegheny V alley .b .J u n e
221,7-4
Jan. 1 to June 30 .. . 1,268,622
Bull. Rooh.A Pitte.b.June
325,096
Jan. 1 to June 30 . . . 1,806,249
July 1 to June 30 . . . 3,706,105
Canadian P aotfio.a.June 2,133,110
Jan. 1 to June 30 . . 11,596.019
Cent, of N. Jersey.n.June 1,054,068 1,026,083
Jan. 1 to June 3 0 ___ 5,747,817 5,526,598
Chloago Gt. W est'n.. June
472,890
389,273
Jan. 1 to June 3 0 .... 2,594,564 2,286,912
Oblo1 M. A St. P .a . June. 2,746,32*
.............. 2,718,560
Jan. 1 to June 3 0 ___15,759,382 13,748,481
July 1 to June 3 0 ___34,189,664 30,486,768 12,988,097 1L909)229Ohio. Term. Trausf. bJune
74,826
96,186
July 1 to June 30 .. . 1,114,726 1,068,853
Clove. Canton A So. Juue
55,678
64.719
Jan. 1 to June 30 . . .
336,214
311,302
July 1 to June 3 0 ....
692,231
687,958
Clev. Lor. A WheeLaMay
119,099
105,138
Jan. l to May 3 1 ___
603.227
177,010
July 1 to M ay 31 . . . 1,382,066 1,075,535
Elgin Joliet A E ..a..M ay
132,416
80,292
Jan. 1 to May 3 1 ___
459,978
641,865
July 1 to May 3 1 ... 1,280,030 1,079,875
Fall Brook b —
. Apr. 1 to June 3 0 ___
141,796
149,228
52,384
66,094
*- Jan. 1 to June 3 0 ___
272,421
272,300
106,003
112.475
Ga. South. A F la,a. June
95,738
69,617
22,617
15,202
Jau, 1 to June 30 .. .
482,219
406,927
135,351
116,514
July 1 to Juno 30 . . .
863,542
949,627
295,573
272,834
Jack. Tain. A K .W .bJune
30,653
23,633
2,829
36 3
165,311
Jan. 1 to June 3 0 ___
183,036
33,1*5
26,315
Apr. l to Juue 30 . . .
77,730
92,0.13
14,777
12,526
Lehigh V alley R R ...Jtine 1,492,659 1,418,186
310,975
244,701
Jau. 1 to June 3 0 . . . . S,429,587 8,142,523 1,839,614 1,394,376
[Deo. 1 to June 3 0 ___ 9,963,699 9,693,862 2,303,696 1,751,29 9
Leliigh Val. Coal Co.June 1,155,950 1,233,520 d f.l 10,474 def.3,073
Jan. 1 to June 3 0 ___ 6,491,127
6,378,075 df.332.450 d f.261,860
Deo. 1 to June 30 . . . 8,001,104 7,837,833 <11.441,845 tlf.291,436
Louis v.Hen. A Bt. L. b May
41 ,5 2 )
10,651
34,504
4,393
Jan. 1 to M ay S I . . . .
199,116
172,736
45,033
30,582
July 1 to M ay 3 1 ___
490.133
119.473
40 7,028
99.477
Mex. International.June
271,929
111,215
236.829
87,969
Jan. 1 to June 30___ 1.6B5..972 1,542,766
637,707
588,775
Minn. A St. L ouia.a.Ju ue
175,173
59,158
194,507
65,322
Jan. 1 to June 3 0 ___ 1,002.945
909,350
314,991
355,869
July 1 to June 30 .. . 2,216,576 2,006,504
878,682
807,388
Mon terey A Me x. G' f . May
127,873
117,871
57,091
34,785
Jan, 1 to May 31 . . .
580,011
651.216
261.273
231,490
472,276
Northern Central.b. June
507,302
83,119
117,115
Jan. 1 to June 3 0 ___ 3,012,491 3,026,391
812,209
652,485
Pacific M ail............... May
326,330
386,374
103,724
72,007
Phil. Read.A N. ,E ...June
58,348
19,373
56,852
19,707
Jan. 1 to June 3 0 ___
301,632
287,859
77,597
96.478
July 1 to June 3 0 ___
081,611
647,476
197,053
213,529
St. Louis A San F r.b ju n e
506,779
138,812
173,382
468,489
Jan. 1 to June 30 . . . 3,276,720 2,872,399 1,245,664 1,098,312
July 1 to June 3 0 .... 6.886,467 5,993,336 2,856,358 2,5 09,7 07
Southern R aiiw’y.a.June 1,590,059 1,432,934
363,934
305,078
Jau. 1 to June 3 0 ....1 0 ,1 4 7 ,5 4 3 9,240,913 2,984,414 2,546,989
July 1 to June 3 0 ....2 0 ,6 4 1 ,2 9 8 19,079,499 6,485,499 5,846,343
Syracuse Gen. A C orn .b—
Apr. 1 to June 3 0 ---156,927
16,032
21,911
140,767
285,440
Jau, 1 to June 30___
309,391
58,535
69,119
Texas C en tral.a____M ay
18,020
460
1,748
16,387
Jan. 1 to M ay 31.......
110,566
6,473
23,550
87,288
Tex. Sab. V. A N .\ V „M ay
2.739
724
def.255
2,>85
Jan. 1 to May 3 1 . . . .
17,778
5,907
8,234
13.1.99

,;/a Net earnings here given are

after d eduotlng taxes,
b Net earnings here given are before deducting taxes.

Interest Charges and Surplus.— Tha following roads, ia
addition to their gross and net earnings given in the fore­
going, also report oharges for interest, &o., with the surplus
or deficit above or below those charges.

-Ini., Rentals, die.— .
Rood).
Chic. Term. T ra n sf..Ju n e
July 1 to Juno 3 0 ....

1898.

1897.

53,341
035,834

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

$

Bal. of Net Barn’gs.—

*

1898.

s

3,622
100,841

1897.

s

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

81’REET R A IL W A Y S AN1) TRACTION CO M PAN IES
The following table shows the gross earnings for the latest
period of all s t r e e t railways from which we are able to ob­
tain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads—that is, the
first two oolumns of figures give the gross earnings for the
latest week or month, and the last two oolumns the earnings
for the calendar year from January 1 to and including such
latest week or month,
STREET R A ILW A YS AND TRACTION COMPANIES.

1,978
7
*****15
1,274
463,711
304,683

Met Earnings Monlhly to Latest Oates.—The table follow ­
ing shows the gross and net earnings o f Steam railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these oolumns, and the latest, statement of
this kind will be found in the Chronicle of July 23, 1898.
The next will appear in the issue,of August 20,1898.
-Grots Earningt
Ret E a r n i n g t . ------

600
3 ,3 0 0

4 6 7 ,6 6 3
2 3 6 ,2 0 2

[V ol . L X V II.

159,028

GROSS
E arn in gs .

Latest Gross Earnings.
Week or Mb 1898.
I

Akron B e d fd A Olev June
A lbany R a ilw a y ........ J une
Amsterdam Bt. RV. April

1897.

*

9.354
8,334
54,233 46,431
3,904. 3.604

Jan. 1 to Latest Date.
1898.

1897.

39,725.

42,251

15,724

14,061

THE CHRONICLE

J u l y 30,
Gross
Earnings.

L a test Gross E a rn in g s.
Week o r M o

Atlanta R ailw ay___ Ju n e........
Baltimore Con. Ry.*... June ..
Bath &t. Ry. (Maine). May----Bay Cities Consol... June . . .
Binghamton St. Ry.. June.. .
Bridgeport Traction. June .
Brockton Con. St. Ry. June.........
Brooklyn Elevated!. A p ril...
Br'klyn Rap. Tr. Co.—
Brooklyn Heights >
B'i£lynQ’n8<fe8ub. $ June.........
Charleston City Ry.. June.........
Cin. & Miami Yal.. .. June.........
Citizens* St.Ry..Indp. A p r il___
Cltlz ns’ (MuncieInd.) May..........
City Elec. (Rome.Ga.) June.........
Cleveland Electric
June.........
Cleve. Painsv. <fe E
June.........
Columbus St. Ry. (O.) May..........
Uonsoil'd Trac. (N. J.) A p r il.......
Danv. Gas El. Light
Street Ry................. April.........
Denver Con. Tram w.. May .........
Detroit Citi’ns’ St.Ry. d wk July
Detroit Elec. Ry........ June.........
Duluth St. Ry............ June.........
Erie Elec. Motor Co.. February..
Ft. Wayne & Belle
Island (Detroit)___ June .
Galveston City R y ... March.
Harrisburg Traction. June ..
Herkimer Mohawk IIion & F’kfort El. Ry. June .
Houston Elec. St. Ry. May..
Interstate Consol, oi
North Attleboro.... March.......
Kingston City Ry___ June.........
Lehigh Traction ....... June........
London St. Ry. (Can.). May...........
Lowell Law. A Hav.. June.........
Metrop.(Kansas City) 3d wk July
Metro. W. Side (Chic.) June.........
Montgomery St. Ry.. May.
Montreal Street Ry... June.........
Muscatine St. Ry___June..........
Nassau Elec. (B’klyn> June.........
Newburg St. Ry........ June...........
New London 8t. R y.. Juue.........
NewOrleansTractioo June.........
Norfolk St. Ry........... June...........
North Chic. 8t. R y... June.........
North Shore TractioD May...........
Ogdensborg St. R y... May..........
Paterson Ry...............June...........
Richmond traction.. June.........
Koxb’h Cb.H.A Nor’n June.........
Schuylkill Val. Trac. June.........
Scranton AC’arbond'e Juue.........
Scranton & Pittstou June.........
Scranton Railway___Ju n e..........
Syracuse Rap. Tr. Ry. June.........
joronto Ry. . . . . . . . . . June.........
Twin City Rap. Tran. June.........
Union (N. Bedford).. June.........
United Tract. (Pitts.) June.........
United Tract. (Prov.j June.........
Unit. Trac. (Reading) June.........
Wakefield & Stone__ Juno...........
Waterbury Traction.. Juue.........
West Chicago St. Ry WkJulyz-i
Wheeling Railway... March.......
Wilkeab. A Wv. Valley May..........

J a n . i to L atest n o e.

1898. 1 1897.

1898.

1807

*

$

9,871
8,897
45,042
40,930
224.929 217,979 1 ,1 13,717 1.086,423
1,932
1,721
7,541
7,013
7,242
6,554
39,403
3 7,633
14.625 12,776
71.576
65,343
33.019 27,746 162.087 147,941
31 50" 29.*72
155,913 151,281
1127,835 (150,860 1553,600 t53 L,951
580,040
16,190
11,29^
79,902
5,671
2.572
141,161
8,987
63.346
252,291

195,007 2,867,355 2,531.053
84,154
68,031
5,327
2.541,
139,616
8,093
48.390
228.813

315.39o
26,74 3
11,09 1
823,160
41,367
267.887
965,245

283.626
‘22,872

10,*4-t

779,696
36,2u3
231,682
833,540

8,519

8,330

24,972
32.123
14,803
10,103

24,422
33, 9
15,232
9,116

15,140
15,66*
24,311

13,967
14,5591
20,207

87,677

80,310

113,770

102,244

2,868
16,658

2.799
17,231

19,458
71,707

20,435
74,470

10,297
8.738
6.738
7,894
43,31?
41.884
97,819
5,500
133.165
4,761
216,325
8,031
6,059
111,420
16,274
253,57118,056

9,523
4,736
8,512
7,714
41.553

36,984
34,833
282,964
27r,563
629,868i 544,067
193,635 199,890
94,622
89,552
21,089
19,374

64,598 62,242

27,801
26,843
23,377
24,818
44,533
48,936
37,624
33,952
200,256 192,869
35,733,1,077;
,077,302 963,238
612,418
*5*478
22,738
21.582
130,677 €94.951 639,092
27,102
19 i ‘,6*1*5! 9 •'9,207 846*4*05
8.342
3\011
34,o82
5,201
21,104
19,371
111.483, 630,152 651,569
13,522
68,077
77,1521
238,779 1,407,9 43 1,326,156
119,8 »0 512.793 503,3 56
1,6 >9 1,5471
6.005
5,707
3 3,059 30,304' 172.003 15M.256
i 3,699 13,116
70.076
56,897
11,2571 9.115!
45,63s
34,112
5,859
5,337
28,0 (8
25,368
2,9381 3.146
16.680
5.019
28.159
31,856 23,4 m6 179.003 162,347
3s,16M 34,939 221,144 202,465
93,70.1' 92,016 534,383 472.386
171,505 161,33-1 ,005,034 930,429
15,782 I8,782j
87.267 102,609
132.321
729.116
149,964 146,943 817,774 806*957
24,473 20.007;
85,742
92,771
5,911
5,269'
24.706
v5.06 3
22.929 23,263 128,885 118,221
77,825 80,180
12,450 12.444
*36,532
*39,276
42.422 41.301 194,747
188,668

R ailroad

219

and

Miscel. Co’ s

R a il r o a d s

and

M is . Oo . (Cbm.) —

V o l u m e s 6 6 a n d 67—
P age.
V o l u m e s 6 6 a n d . 67—
paar
Allegheny Valley............................1234
American Steel Castings Co.......... t£ 6 Lehigh & Wilkesbarre Coal...,
xk
American Tobacco............
950 Louisville & Nasaville............ ' W >
Bangor & Aroostook........................855 Mexican Central............
Bethlehem Iron Co ....................... 7 1 Mexican Telephone...... ............... ho ?
Canada Southern Ry .....................H83 Michigan Central ...................... “ uq7
Chicago Edison.......... ......................951 Monongahela River R R ............ ” * o-A
Chicago Ind. Ac Louisville Ry....... •,£*>
England Telephone Ac Tele!.* 9 5 1
Chicago & North Western..............1086 S' v '
* H1111- Riv. RR. Co... 1238
Chicago R. I. & Pac.......................1086,1091
N- Y. Chicago Ac St. Louis.............. 897
Chicago & West Ind....................... 1 2 3 * North American Co...............H 86 1 9 3 4
Chic. Ac, West Mich....................... 854
Cincinnati Edison Co.................... 1185,1234
Pacific Coast Co., f o u r m o n t h s __ ’ * •>«
Cin. Ham. Ac Dayton Rv. System.. 808 Pacific Mail SS. Co.................
10 12
Cincinnati Ac Musk. Valiev .......... 855 Pennsylvenia Co......................... ” 1 .>.>
Claflin (H. B.) Co., (6 m . n t h s ) ....... 1 2 3 Peoria Decatur Ac Evansville.....'.\i2'it
Cleveland & Marietta.................... 950 Philadelphia Company.........
059
Cleveland & Pittsburg................... 919 Pitts. Fc. Wayne & Cnicago__ . '
Des Moines & Ft. Dodge............... 1087 Pittsburg Ac Lake E rie.................' 80S
Detroit Grand Rapids & Western. 855 Reece Button Hole Mach. C o ....’ ! 809
Dominion Coal Co. (Limited)____ 1037 St Louis Term Cupples Station
Duluth & Iron Range R R .............. 71
Prop. Co., 13>6 m o n t h s ................ 1 0 3 7
Electric Storage Battery............... 1187 Southern Cotton Oil................... iiqr.
Erie Telegraph & Telephone....... 951 Standard Rjpe Ac Twine............ !*’ 951
Flint & Pere Marquette................ 851 Swift <!fcCo ..... .. .....................
809
General Electric............................. 854,858
United Gas Impt................
Hawaiian Commercial & Sugar__ 71 U. S. Rubber Co........... ............ .’ !.*! 1000Kansas Citv Pit's. & Gulf..............1 7 5 Western Union Telegraph...... * 1 1 3 3
Keokuk Ac Western................... ...1233 Wilmington & Northern R R ....... 9 5 0
Lake Erie & Western.................... 1 2 1
St r e e t R a il w a y s .
Lake Shore Ac M. 3...............
896
L. Sh )re Sys.—Mahoning Coal RR. 8W7 Milwaukee Elec.Ry. Sc Light.11S6,1234
Lamson Consol. Store Service Co..l0l2 Union Tract. Co. of Philadelphia. 175

Chicago & N orth W estern Railw ay.

f Report fo r the year ending May 31, 1398.)
The remarks of President Hughitt will be found on subse­
quent pages.
The comparative tables for four years, compiled for the
C h r o n ic l e , are as follows:
OPERATIONS AND FISCAL RESULTS.

Mileaop.May31
O p era tion s—

1897-93.
5,031

1896-97.
5,031

1895-96.
5,031

1894-95.
5,031

Passengers car­
ried.................
14,036,383
13,821,065
15,211,910
15,117,298
Passenger mile­
age.................. 330,562,936 341,103,833 361,600,670 310,377,973
R ite p. passen­
ger per mile..
2 01 cts.
2 01 cts.
2 05 cts.
2 ’07 cts
Freight (tons)
raoVel..................................... 19,693,634
15,225,133
17,082.339
13,322,906
Freight (tons)
mileage.........3030,610,175 2254,027,235 2372,335,433 1713,655,944
Rate per ton
per mile........
0‘89 cts.
0 99 cts.
1*03 cts.
1*14 cts.
E a r n in g s —
$
$
$
Passenger.........
7,256,299
6,963,578
7,408,827
7,044,691
Freight.............
27,035,105
22,236,612
24,354,622
19,484,415
Mail, express,
&c....................
1,759,156
1,777,053
1,725,312
1,579,268
Tot. earns..

36,050,561

30,977,243

33,483,761

28,108,374

Main.of way.&o
Maint.of equip..
Cond’n tr’nsp’n
General............
Iaxes.......... .

4,946.494
4,245,533
12,678,050
773.803
1.102,606

4,143,017
3,033,183
11,001,471
699,413
1,061,732

4,014,14 4
4,104,969
11,596,954
657,336
1,075,569

3,278,722
2,414,470
11,165,137
645,588
1,007,811

Total..........
Net earnings...
P.c.ex.to earn..

23,746,486
12,304,075
65 *87

19,983,821
11,033.422
64-37

21,448,971
12.039.790
6405

18,511,728
9,596,646
65-86

E x p en ses—

INCOME ACCOUNT.

1897-93.

1896-97.

1895-96.

Net earnings...
Investin'ts, Ac.

12,304,075
1,064,615

11,038,422
964,310

12.039.790
671,038

9,596,646
652,271

12,002,732
12,711,428
Street Railway Net Earnings.—The following table gives
D isb u rsem ' is—
the returns of S t r e e t railway gross and netearnings received Inter, on debt. ‘ 7,416,285
7,115,701
7,122,356
3,519,824
3,518,650
3,517,057
this week. Ia reporting these net earnings for the street rail­ Dividends.......
Rate of divid’d
ways, we adopt the same plan as that for the steam roads—
on common..
5 p. 0.
5 p. o.
5 p. 0.
that is, we print each week all the returns received that Rate oI divid’d
on preferred.
7 p. 0.
7 p. o.
7 p. c.
week, but once a month (on the third or the fourth Saturday)
197,260
196,413
220,990
we bring together all the roads furnishing returns, and the Sinking fund...
latest statement of this kind will be found in the C h r o n icle
Tot. dlsb'm’ts 11,133,369
10,830,764
10,860,403
of July 23, 1898. The next will appear in the issue of Balance............ aur.2,235,322 sr.1,171,968 ar.1,851,025
August 20, 1898.

Total..........

13,368,690

10,248,920

* Include* Baltimore Traction and City * Suburban for both years.
-Trolley cars oommanoed running on Brooklyn Brl lire February 16,
1893,whloh accounts for decrease In oompaoy's earn! 11r 1

- O r o n E a rn in g s .-

1897.

1898.

Roads.

Binghamton 8t. Ry..June
14,625
Jan. 1 to Jane 3 0 ___
71,576
Cohoes City Ry. (N. Y .)—
Apr. I to June 30___
8.674
Jan. 1 to June 30___
14,060
Muscatine 8t. R y___Jane
4,761
Jan. 1 to Jane 3 0 ___
27,102
July 1 to June 3 0 ....
55,476
Twin City Rapid Tr.June
171,505
Jan. 1 to June 30 . . . 1.005.034

$

- jVet E a m in g s .1897.
1898.

$

■%

12,776
65,343

5,294
24,096

3,482
19,267

5,706
9,719

1,115
def.1,156
1,410
7,787
15,841
91,612
505,750

def.72
def. 3,748

161,337
930,429

—

84,634
436,616

In t., ren ta ls, etc .— . —B a t. o t Ret B arn’ s . -

1898

1897.

-8

$

64,877
390,895

A N N U A L

65,932
387,680

1898
*

26,735
114,955

1897
$

18,702
49,936

R E P O R T S .

Annual Reports. —The following is an index to all annual
reports of steam railroads, street railways and miscellaneous

companies which have been published since the last editions
o? the I nvestors’ and Street R ailway S upplements.
This in lex does n ot include reports in to-day’s Chronicle.
Full-face figures indicate Volume 87.

1894-95.

$

$

7,071,135
3,125,546
4 p. c.
7 p. c.
325,830
10,522,511
df.273,591

$320,000 oi this is interest paid in advanoe of maturity on bonds,
funded.—V. 67, p. 125.

Chicago Great W estern Railw ay.

( Statement fo r the year ending June 30, 1898.)
President A. B. Stickney has seat oat the following state­
ment for the late fiscal year:
Gross earnings.................................................................................. $5,388,044
Operating expenses.....................................
3,777,373

Interest Charges and Surplus. — The following Street
railways, in addition to their gross and net earnings given in
the foregoing, also report charges for interest, &o., with the
surplus or delioit above or below those charges
Roads
T w in City R a p id Tr June
Jan. 1 to June 3 0 ....

R eceipts—

Net earnings............................................................................... $1,608,671
Taxes, fixed charges and full dividends on the 4 per cent
debenture stock_____ _____
1,366,236
Exoess.......................... .............................................................

$242,435

‘ ’This excess is equal to a little more than 2 per cent on the
preferred A stock. The operating expenses include, besides
other extraordinary expenses, the entire cost of 225 freight
cars which were purchased during the year to make good all
the cars which have been destroyed and gone out of service
from any cause sin :e the organization of the company. The
largest local crop in the history of the company is about
ready for the harvest.”
The gross earnings for the two years 1896-7 and 1895-6 were
11,630,859 and $1,709,820, respectively.— V. 63, p. 1088.

Pacific Mail Steamship Co.

( Report for the year ending April 30, 1898.)
President C. P. Huntington says in substance :
General Results.— Comparing the results with those of the
previous year, gross earnings decreased $75,928, operating

THE CHRONICLE.

220

and other expanses increased $17,73(5, leaving earnings over
expenses $630,518, or $93,715 less than the previous year.
The earnings of the Panama line decreased $114,052, owing
to the quarantine regulations established during the prev­
alence of coast fever, the depreciation in the value of silver,
and the exceptional! 5' low prices of coffee, the principal
article of export. The operating expenses of the Panama
line decreased $192,489, mainly in fuel, labor, handling cargo,
and other items affected by the diminished traffic. The
earnings of the Trans-Pacific line increased $323,197, and
operating expenses increased $122,848, mainly from the addi­
tional trips made.
Agency expenses increased $42,451,
principally from the establishment of agencies at Kobe,
Nagasaki and Shanghai,
There is an offset, however,
against this increase, in the increase of $34,808 in receipts
from miscellaneous collections at agencies.
Repairs.— The expenditures for repairs while the steamers
are in service, and included in “ steamer expenses,” have
amounted to $116,313. The fund for “ general and extraor­
dinary repairs of steamers " has been charged with renewals
and additions amounting to $246,029. The expenditures
upon the Newport amounted to $856,304.
General Remarks.— The condition of the company’ s fleet
has greatly improved during the year as shown by the de­
tailed statement [submitted in the printed report]. During
the five years jnst ended the company expended in the main­
tenance of its fleet, consisting of seventeen steamers, $315,682 in repairs of the steamers while in service and $978,456 in
renewals and betterments, a total of $1,794,038. The other
property of the company has been maintained in its excellent
condition. Although since the close of the year the follow­
ing steamers have been chartered to or taken by the Govern­
ment of the United States of America for the transportation
'of troops— City of Para, City of Peking. City of Sydney,
China, Colon, Newport, Peru and the City of Rio de Jan­
eiro— we have been able to keep all our lines in operation.
Tw o dividends of 1 per cent each on the capital stock have
been paid.
Steamers.—A table shows that the company owns five
steel steamers, ranging from 1,659 to 4,339 gross tonnage,
and twelve iron steamers, of which one has a gross tonnage
of 1,490, seven of from 2,000 to 3,000, three from 3,000 to
4,000 and one of 5,079 tons.
Profit and Loss, Etc .— The detailed statement of receipts
and expenses was given in the preliminary report published
on page 1042 of the C h r o n i c l e for May 28. The profit and
loss statements and balance sheets are as follows:
r u o r r r a n d l o s s f o r y e a r s e n d in g a P la n 3 0 .
1 S 9 7 -S .
1 8 9 6 -7 .
1 8 9 5 -6 .
G rog s r e c e ip t s
......... 4 , 0 6 4 ,2 2 1
T o t a l e x p e n s e s ................ 3 , 4 4 3 ,6 7 7
N e t r e c e ip t s .

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

2 2 0 ,5 4 3
8 ,4 2 0
I0,Q'J2, TIO

1 0 ,6 7 3 ,1 4 7
'■lo s s —
R e b u il d i n g S .S .N e w p 't ..
2 5 6 ,3 0 5
D e p r e c i a t i o n . . .................
S t e a m e r s l o s t ...................
MsieeHaneous...............
4 ,0 9 4

$

4 ,0 8 7 , 8 7 2
3 , 4 7 5 ,2 4 0

7 0 8 ,3 3 2

7 1 2 ,6 3 2

5 1 4 ,2 5 8
1 ,2 6 7

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

7 1 2 ,6 3 2

j o , 700,r so

I0,$2?t2 fy

ll.g2S ,S 6S

6 2 0 .5 4 3
7 1 4 ,2 5 8
2 j /,)4 0 0 .0 0 0 (K ’ QiOO.OOO

B u i. s u r p , l o r y e a r
M is c e l la n e o u s c r e d it s . .
P r o l i t a n d l o s s , d e f ic i t
b rou gh t fo rw a rd

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

1894-5.

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

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

1 5 9 ,7 9 2
5 6 ,5 5 6

P r o f i t & lo s s , d e flo it
f o r w a r d ....................1 0 , 9 3 3 ,5 4 6
1 0 ,9 0 2 ,1 1 1 1 0 , 7 0 0 , 1 5 0 1 0 ,8 2 7 ,2 8 4
BALANCE SHEET APRIL 3 0 .
In crea se or
1897.
1898.
L e e r e a se .
S t e a m e r s .............................................. $ 6 ,0 7 1 ,2 0 9
$ 6 , 6 9 9 ,7 9 8
D . $ 2 8 ,5 8 9
B e a l e s t a t e a n d o t h e r p r o p 't y . .
9 9 2 ,0 3 5
9 3 9 ,0 1 7
X. 5 3 , " 17
C a s h ...................................................................2 1 9 ,9 7 0
5 0 8 ,1 4 7
I ) . 2 8 8 ,1 7 7
6 0 0 ,0 0 0
L o a n s .....................................................
5 2 5 ,0 0 0
JO. 7 5 ,0 0 0
M e x . in te rio r fu n d e d 5 % b o n d s
4 9 ,9 0 0
4 9 ,3 0 0
D u e f r o m a g e n c i e s .........................
7 o ,7 9 5
5 6 ,3 0 7
I . 1 9 ,4 2 8
D u o f r o m p u r s e r s ............................
8 ,6 5 9
0 ,4 6 7
/ . 2 ,1 7 2
I. 20,221
D a e f r o m c o n n e c t i n g l i n e s ___
3 1 5 ,5 3 0
2 9 5 ,3 0 9
D u e f r o m s u n d r y p e r s o n s ..........
4 8 ,7 5 9
D. 530
4 9 ,2 8 8
C o a l A- o t ll c r e u p p 'B f o r c u r . o p .
3 1 0 ,6 8 5
2 6 7 ,1 1 5
I . 4 3 ,7 7 0
U n a d ju s t e d a c c o u n t s ....................
1 0 ,2 4 4
I . 2 ,7 0 9
7 ,5 3 5
D e f e r r e d a s s e t s .................................
8 8 ,4 5 t
1 0 1 ,7 2 5
L . 1 6 ,2 7 3
C o n t i n g e n t a s s e t s . . .......................
1 0 7 ,3 0 7
I . 2 8 ,5 1 4
7 3 ,7 9 3
T ota l p r o p e r ty an d a ssets.
P r o l lt a n d lo s s a c c o u n t ,

$ 9 ,1 2 3 ,7 4 5
5133,540

T o t a l ...............................................$ 2 0 ,3 5 7 ,2 9 1

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

D . $ 2 3 8 ,7 3 8
1 . 3 1 ,4 3 5

$ 2 0 ,5 6 4 ,5 9 4

D . $ 2 0 7 ,3 0 3

L ia b ilities.
C a p it a l s t o c k ................................. .. $ 2 0 , 0 0 0 , 0 0 0
A c , cjiims payable.
4 2 .4 0 2
D u e a g e n c i e s .....................................
2 9 ,9 3 6
D u e c o n n e c t i n g l i n e s ...................
5 8 ,1 6 1
D u e s u n d r y p e r s o n s . ....................
8 ,3 8 3
U n a d ju s t e d a c c o u n t s ...................
3 5 ,9 4 9
D e f e r r e d l i a b i l i t i e s ........................
1 3 2 ,4 9 7
2 7 ,8 4 4
F u n d fo r t e p a ir s , u n ex p en d ed .
2 4 ,1 1 4
U n a d ju s t e d a c c o u n t s ....................

$ 20 ,000,000
4 9 ,2 6 6
5 8 ,3 2 3
4 6 ,0 8 0
4 ,2 6 9
9 0 ,8 3 4
1 7 1 ,0 4 7
1 2 3 ,8 7 8
2 0 .8 9 8

D. $ 6 ,8 6 4
L . 2 8 ,3 8 7
I . 1 0 ,0 8 1
I. 4 ,1 1 4
D . 5 4 ,8 8 4
D , 3 8 ,5 4 9
IK 0 6 ,0 2 9
I. 3 ,2 1 5

T o t a l c a p . s t o c k & l l a h T t l ( ;8 $ 2 0 ,3 5 7 ,2 9 1
V. 66, p. 1012.

$ 2 0 ,0 6 4 , 5 9 4

I ) . $ 2 0 7 ,3 0 3

Calumet, & Jfecla M ining.
( Report fo r the year ending April [30, 1S98.J
President Alexander Agassiz's report says in part as fol­
lows :
** The gradual increase of onr surplus since 1890, and the
larger dividends paid during the past two years, while due
in part to the higher price of copper, have been due mainly to
the gradual increase of onr working force. This is now about

[V ol . LX VII.

twice what it was in 1899. W e are increasing the product of
the mine, and obtaining about the same profit per pound of
copper as with n small output. Oar reserves have materially
increased during the past year.
“ The amount of dead work carried on in unproductive
parts of the mine is large and must of necessity remain so.
The shafts Nos. 13,14 and 15 sinking on the Osceola am ygda­
loid have reached a depth of over 590 feet, and Nos. 13 and
15 have developed some promising ground, A t the south end
of the mine the sinking o f No. 18 has been continued, bnt
there has been no improvement in the character of the con­
glomerate lode. A t the north end the quality of the rock in
some of the openings is not up to the general average. The
delays incident to the completion of the larger hoisting en­
gines has greatly interfered with our openings in the vicinity
of Red Jacket shaft.
“ W e have laid the foundation of another large coal dock
of a capacity of 100,000 tons, with a depth of water of over 81
feet along the face of the dock at Torch Lake. W e hope dur­
ing the coming season to finish the dredging of onr canal
from Bootjack Bay to Torch Lake. W e shall then have a
depth of 30 feet and a base of 90 feet along its whole length,
enabling us to briug the largest vessels navigating the lakes
to onr docks. A t Buffalo we have purchased an additional
frontage on Niagara River of about 200 feet: otherwise there
have been no changes of importances at the Lake Linden or
the Buffalo Smelting W orks. A t Torch Lake we have begun
to smelt the mineral of the Quincy Mining Co. for the tem ­
porary accommodation of that company.”
OPERATIONS, DIVIDENDS, BTC1
,
1 8 9 7 -9 8 .
1 8 9 6 -9 7 .
1 S 9 5 -9 6 .
1 8 9 1 -9 5 ,
R e fin e d c o p p e r p r o d u c e d ,
t o n s ........................ .................
4 5 ,1 9 4
4 6 ,2 3 8
3 1 ,2 3 3
4 2 ,7 7 6
P r ic e o f c o p p e r , c e n t s , p e r
11® 12
l o t s '® 1 2
p o u n d ........................................
9»9 %
9 4 l® 1 2
T o ta l d iv id e n d s (p e r $ 2 5
s h a r e ) . . . . . ...............................
$40
$30
$25
$15
A m o u n t i n g t o ................. $ 4 ,0 0 0 ,0 0 0 $ 3 , 0 0 0 , 0 0 0 $ 2 ,5 0 0 , 0 0 0 $ 1 ,5 0 0 ,0 0 0

The assets and liabilities on April 30 are reported as follows
ASSETS AND LIABILITIES ON APRIL 3 0 .
1896.

1895.

8 0 ,1 2 6
1 5 ,0 0 0

6 8 ,7 0 4
1 5 ,0 0 0

6 ,2 1 6 ,0 9 2

4 , 7 8 2 ,1 5 3

7 2 7 ,3 1 1

7 0 7 ,7 6 6

T o t a l a s s e t s ..........
7 ,8 5 1 , 6 5 1 7 , 0 2 1 , 4 0 5
L ia b ilitie s —
D r a f t s in t r a n s i t .....................
1 6 5 ,8 4 3
8 1 ,3 5 3
E m p lo y e s ’ a i d f u n d ...............
1 4 ,2 0 1
4 ,5 3 3
B i l ls p a y a b le a t B o s t o n
a n d m in e .................................. 2 5 S .0 9 0
2 3 2 ,3 0 5
M a c h in e r y c o n t r a c t s ............ 8 5 5 ,0 0 0
5 6 2 ,0 0 0
C o m p a n y ’ s a i d f u n d . ................................
2 4 9 ,0 0 0

7 , 0 3 8 ,5 2 9

5 ,5 7 3 ,6 2 3

2 1 2 ,2 1 8
6 9 9 ,1 9 3

' 5 9 S .0 1 0
5 3 2 ,2 7 0

T o t a l l i a b i l i t i e s ............. 1 ,2 9 3 ,1 9 4
B a la n c e o t a s s e t s ................. 6 ,5 5 8 , 4 5 6
— V . 6 5 , p. 2 3 3 .

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

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

1898.

1897.

$

C a s h a t m in e ofUc-e................. 1 7 2 .9 6 8
8 4 ,5 3 5
C a sh a t N e w Y o r k o ffic e ..
1 5 ,0 0 0
1 5 ,0 0 0
C ash and co p p e r a t B oston
o f f i c e ........................................... 6 .9 1 4 ,6 9 0 6 , 5 9 9 ,4 2 7
B i l ls r e c e i v a b l e a t B o s t o n
a n d m i n e ................................... 5 4 3 ,3 3 5
3 2 2 ,4 4 2
I n s u r a n c e f u n d ....................... 2 0 5 , 6 } 0
...............

1 ,1 3 2 ,1 9 3
5 ,8 8 9 ,2 1 2

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

$

7 5 ,0 0 7
5 ,6 1 7

W elsbaeli L igh t Company-

( Report fo r the year ending April SO, 1898. J
No printed report is issued but the following statement
given out at the annual meeting recently held was published
by the Philadelphia papers:
T ea r e n d in g A p r i l 3 0 —
1898.
N e t e a r n i n g s ................................... $ 4 7 5 ,2 0 7
D i v i d e n d s ......................................... 4 1 2 .7 5 5
D e p r e c i a t i o n .................................
1 4 ,1 9 2

1397.
$ 1 0 3 ,0 7 7
4 1 2 ,7 4 5
1 3 ,1 3 7

In crea se.
$ 1 2 ,1 3 0
........
754

B a la n c e ..................................... $ 1 8 ,2 6 0
T o t a l u n d iv i d e d p r o f i t s .......... $ 1 1 8 ,8 5 2
C h a rg e d o ff o n p a te n t a c o ’ ts.
3 0 ,3 a i

$ 3 0 ,8 9 5
$ 1 0 0 ,0 0 0
‘ S92

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

$ 1 0 0 ,5 9 2

$ 1 8 ,8 7 3

S u r p lu s .

.........................$ 1 1 8 ,4 6 5

„ ,
„ ,
1898.
S a le s o f l a m p s ............................... 2 , 8 0 0 ,6 7 2
— V . 6 5 , p. 1 5 2 .

[G E N E R A L

1897.
2 2 8 1 ,1 5 5

I N V E S T M E N T

D ecrease
.................
.................
.................

1896.
1 ,9 3 1 , 0 5 0

N E W S .

Reorganizations, E tc.— Latest Data as to Defaults, Reor­
ganization Plans, Payment o f Overdue Coupons, Etc .—A l l
facts o f this nature appearing since the publication o f the last
issues o f the I n v e s t o r s ’ and the S t r e e t R a i l w a y S u p p l e ­
m e n t s may be readily found by means of the followiugindex.
This index does not include matter in to-day’s C h r o n i c l e ,
Full-face figures indicate Volume 67. A s to some smaller
companies see also p. 1138, issue of June 1 1 ,
RAILROADS AND MISCEL. OO.’S.
R a i l r o a d s <fc M is . Oo.’s—

V o l u m es 6 8 a n d 6 7 —
P age.
A d d iso n & Penn. R Il. .successor co. 2 ti
A lto o n a A P h llllpsbu rg C o n n e ct­
in g ............ -. .. rw vr. applied / m . 1 2 3
A tc h is o n Cot. <1 P a o .. . .............. sokt.iiHS
A tch . Jew ell Co. & W e st. .snh.Us2, 1139
B ait. & Obio.cou/?o*Jif.850,859,1049, 2 7
do
do
deposit* requitedtlOUQ
do
do foreclosure o f B & 0.1088
do
do
....... . . . . p i it 0*1235
do
do
n o t to holder# o f 0
v tr cents o f 1885, *27
B ro o k ly n <fc B righ ton B. .reem . rjfs, 810
do
— .............. foreclosure, 856
B usk T u n n el Jlv.................. deposits.! 187
Cape Fear & Yadkin. Yal.sote. .889, 1187
Central B r„ U. P
. . . 1048;
plan, 1139, 7 2
Central O hio.................... ........... m l U lST
Cant. P a cific ., .com m ittee* tOOWUdi 856
do
cam '
2 7 . I '21
Pen. Verniont./K iadh' /TTs’ circular. H99
Central V erm on t .........../oreddiw *e.l043

V o lu m e s 6 G a n d 6 7 —
P ape.
Cent. W aahinjrton.tfior 0. 850; plan,. 953
Cineln. & M usk. \r « l. coup, va y m ’ts 850
do
Hold; successorco.10U , 2 7 , 1 7 6
Chic, Sc A toll. B rid g e .reifi^tMsted eo.l 233
C h ic.P e e r.A S t .h,default contiTwedADiii
do
do
. rcorq. 7 J ; reers. 1 7 (i
Chic. & W e s t M IChilean— coupons. 1044
Ciu. N. O. & T . P a c...a n s w e r in su it
to assess stockholders.. . . ..........
.1 2 $
("love. Canton & S o uth.m teordered.L139
C love. & Sandusky B rew ing Co.
co itsal ULaUfL co mp a n y .l 139
C o l.H o c k .Y a l. A-Tnl..foreclOS.QOO, 1044
Col. <!t H o ek . Coal & Iro n ........ .
2S
Col. & Ciu. M id .... .J a n . coupon vd. 953
C ol. San.& llodk.reorq. ptan*.1001, 1 7 6
C o sh o cto n & S o u th e rn * .. m r . ,
7 (i
Conn. B inds City W. W ork s.J o red . 1188
I'tigle & Pham lx M fg. C o....... seta.1140
K lytott (L an d ) Co. o t B irm in gham ,
A la................................ .............reevr. 71}
D x ce ls io r Springs H E ............ r a w ? . I l l

J u ly 30, 1898.J

THE CHRONICLE,

R ajlroads & Mis. Co’s— (O on.)
R a i l r o a d s & M i s . C o . ’ s — (C o n .) j
V olum es 66 a n d 67—
Page.
V o lu m e s 6 6 a n d 6 7 —
P a ge.
S u m m it B r ’ c h R R ..s ta tu a o f reorg . l 7 9
G a lv . L a P o r t e k H o u s t o n . . . sold. 7 3
H a r r im a n
N . E .r^ crs. discharged. 1 7 7 T o l . S t. L . k K & n.Ciiy. .appeal.908. 1003
T r a v e r s e C it y ........ coupon paym ent. 7 5
H y d e P ’k E le c . L . k P ...judgem ’ ts 1 2 5
U n io n P a c . . . . K a n . City consols pd. 955
I n d i a n s k L a k e M i c h ................... sale. 2 8
do
Mid. D iv. b d s.o f 1800 vd. 955
K a n s a s C it y W a t . k G u l f . . meet in j
U . P . D e n . k G u l f ............ reorg. 8 1 1 , 955
nf bondholders. 7 3
U
K i n g s t o n ’& P e m b r o k e R R • renrg.iOio \ . P . L in . k C o l .............................sale 1 7 9
W e s t V ir g in ia k P it t s .d e fa u lt , 065;
L i t t l e F a lls k D o lg e v il le . .defau lt. I 2 t i
L .R O c k k M em .saZe postponed, 9 51 ,12 37 | deposits reanested. 812, 908; recvrs. 908
W h e e l . & L . E — plan. 1142; / o r e d . 1 2 8
do
proposed acquisition. 1 2 6
do
2d instal. o f assessm. 1239, 1 7 9
L o u is v i ll e E v a n s . & S t . L .. coupons . 1089 I
M is s o u r i K a n . k T e x a s ..official ex l W i s c o n s in C e n t . reorg. matters. 1143, 3 I
planationas to income m ort.8 u it.li8 u ,
8 t b e e t R a il w a y s .
M u s k . G . R . & In d ..co w -5 , paym ent. 7 4
N e w E n g la n d . .lease and m erger. 1002
N e w O r le a n s k W e s t — recrs. arts. 1010 B l o o m , k N o r m a l 8 t.R y ..* o Z d .l0 8 8 , 1187
N.Y.PhlL*Nor..r^.665a 70.81L n89 B r ’k l y n E l .n o deposits a fter July 11.1236
do
.............. Bridge contract.2 7
O g d e n s b n r g k L .C h a m p . . soldJSOi. 1141
do
R ock aw ay t r a in s . 1 2 4 , 1 7 5
O h io R i v e r k C h a r le s t o n ---------- saU. 2 if
B u fla lo K e n m o r e k T o n a w a n d a
O h io S o u t h e r n ....................... sale.1002, 7 1
E l e c t r i c — ...........r e c u r .1 0 i 3 ,1236, 2 7
O m a h a k R e p u b lic a n V a ll e y , .sale. 1 /8 C a la is & B a r in g ............................... sole. 1 2 4
O r e g o n I m p . .new sec's.rea d y. Iu 02 , 1190 D o lg e v il le (N . Y.) E l. L . k P ..recvr. 2 8
go
D u lu t h S t r e e t R y ........................recur. 7 3
___ new securities listed 2 9
P a r is ( T e x .) G a s k E le c . L i g h t . . . 1190 F t . W a y n e (LzuL) C o n s o lid a t e d R r .
foreclosure degree. 1 2 5
P e o . D e c . k E v a n s v.defau lt on lets. 7 o
L e w i s t o n & A u b u r n ..................sate. 1 2 6
P h . R e a d . k N . E .p ta n .6 7 4 , 7 7 1 ,8 1 1 , 7 5
do
do
.deposits~penalty. »01 N A ssau E l e c t r i c . . . .1 ead)u t ment 0f
P it t s , k W e s t e r n .exten. o f bonds... 10WO
capitalization. 2 9
N e w b u r g E le c . R v .................. default. 1090
d o deposits—plan to be prepared. 1 2 7
P o 'k e e p s l e k E a s t e r n ., .recur. 1 ISO. 1238 N .O .T r a c .p Z a n .2 9 ; reoro.postoon,d . l 2 ( i
P a c . R y .stockholders assessed 6 8 p . c. 1 2 7
R i c h m o n d N ic h . I r v . k B e a t t y s v il le ........................... ordered resold. 1 2 7
S a n d u s k y (O .) S t r e e t K f.s o J d .3 0 , 1 2 7
S e d a lia W a t e r k L i g h t ........ dcfault.1238
S u b u r b a n T r a c .(O r a n g e , N .J .).so ld . 7 5
U n io n T r a c . o f N . J ..d e p o s it s .l0 9 0 1142
S o u t h w e s t e r n A r k . k I n d . T e r .sale. 3 0
do
do
S t a te n I si. R a p . T r d ef’lt.3 O ; r c c r .l 7 »
..................... p la n . 1 2 7
S t u t t g a i t k A r k a n s a s R i v e r ., .sale. 1190 W ilk e s b a r r e k N o r t h e r n ___ reorg 1190

Anthracite Coal R oad s—Delaware & Hudson Canal—
Delaware Lackawanna & W estern R R .— Central RR. of
New Jersey—Erie R R .— Meeting.— “ In response to an invi­
tation from President Maxwell, of the Jersey Central, and
President Olyphant, of the Delaware & Hudson, there was
a fall meeting of officials of the anthracite coal roads
Tuesday at the Jersey Central office to discuss the coal
situation. The Pennsylvania R R . Co. was the only large
company not represented. The meeting was harmonious.
A President who attended said last evening : ‘ I may summarize fully what was done in a few words. It was found
that the Western prices, recently cnt severely, were re­
stored to a basis of $5 25 per ton, stove, at Chicago.
It
was the sense of the meeting that in this restoration a great
threatening cloud had been removed from over the E istern
markets. Prices will be better sustained. There will, I be­
lieve, be less coal on the market in August, 1898, than in that
month of 1897.’
“ As far as could be learned the meeting was entirely informal, and no binding votes or similar actions were taken,
Toe need for some conference on the trade situation is well
illustrated by the fact that the Ontario & Western stove coal
sold here yesterday at $3 60 per ton. f. o. b., which is 45
cents below the ‘ official circular.’ ”— “ Journal of Commerce
& Commercial Bulletin,” July 27.— V . 66, p. 810, 516, 953, 423;
V . 67, p. 74.
Appleton (W is .l W ater Co.— Receiver Appointed.—Upon
application or the Central Truss Co., mortgage trustee, Judge
Seaman, at Milwaukee, on Tuesday appointed Herman Erb
receiver of the company. The mortgage is for $200,000.

221

& Co. of each of the following loans have given their written
assent to the plan :
Chioago Division 5 per cent bonds of 1877, due 1927.
Deposited under agreement of July 17,1897.
Six per cent sterling mortgage bonds loan of 1874.
Deposited under agreement of May 3 ,1898.
Pittsburg & Oonuellsville 6 per cent consols due 1926.
Deposited under agreement of July 15,1897.

Non-assenting certificate holders must give notice of tli9ir
dissent to one of the firms named on or before July 28, or
their bonds will be deposited under the plan,— V. 67, p. 124.
Guaranteed Securities.—Inquiries having beeu made as to
the future relations of the B. & O. and the Baltimore & Ohio
Southwestern R y ., the following authoritative statement was
made on Thursday:
“ The Reorganization Managers and the Advisory Commit­
tee are taking up the question of dealing with the leased and
operated lines. They are working assiduously on those mat­
ters, and when they are finished attention will be turned at
once to the question of future relations with the present guar­
anteed lines. In the menntime nothing is likely to transpire
in connection with the Baltimore & Ohio Southwestern mat­
ters.”
Terminal Bondholders Protest.—A protest has been ad­
dressed to Speyer Brothers of London against the terms of­
fered the holders of the 4 ^ per cent Terminal gold bonds of
1894. The point made is: “ These terms involve a reduc­
j tion of % of 1 per cent in the interest, without the smallest
compensation. In the case of all other issues an equivalent
has been given for any redaction of interest, which has satis­
fied the holders.” The protest is signed by the following
firms:
James Capel & Co., Leon Bros., Lloyd & Ward, Clayton & Aston,

j Marten & Christopherson, Wm, Morris at Sons, L. B. Ersklue & Co.,
Sidney Cooper & Co., A. L. Reynolds, John M. Douglas & Co., Hichens,
j Harrison A- Co.. G. S. Herbert & Sons, Laurenoe, Sons & Gardner,
; Chinnery Bros., Haes & Sons, Twyoross & Langtoo, Wm. Brauder &
1 Co., Rausford & Co., Medwin & Lowry.
I Action o f Preferred Shareholders.— At Baltimore, on Thurs­
day. at a meeting of holders of about 24,000 out of a total of
30,000 shares of preferred stock, it was decided to apply for
an injunction to restrain the reorganization committee from
carrying out its plan of readjustment until after the Supreme
Court of the United States shall have passed upon the rights
I of the preferred shareholders in their case now on appeal.—
Y . 67, p. 124.
] Bay State Gas Co.— Income Bonds Not Redeemed.—The
j plan for the redemption of the income bonds on Jan. 1, 1898,
|was not carried out for the reason, as understood, that the
required amount of bonds was not deposited.— V. 66, p. 184.

i Boston Elevated Ry.— First Dividend.—The company has
i declared a dividend of 2 '4 per cent, payable Aug. 15 to stock­
holders of record Aug, 1. The par value of the shares is $109
and the total issue is $10,000,000. The “ Boston Evening
Transcript” says: “ Strictly speaking, this should be called in
j
terest on the $50 per share paid in, as no certificates for stock
are issued, receipts representing the money paid in. The
company has earned the interest or dividend from securities,
Atchison Topeka & Santa Fe Ry.— $3,801,000 General J? savings in operation and other miscellaneous sources.”—V . 66,
listed . — The New York Stock Exchange has listed $3,801,000 p. 80.
additional general mortgage 4 ner cent bonds, making total
B rooklyn Ferry Co.— B rooklyn & New York Ferry.—
amount listed $120,636,500. These $3,801,010 bonds are in |New Company Incorporated.— The Brooklyn Ferry Co. was
addition to bonds enumerated in former applications of the j incorporated at Albany on Thursday with capital stock of
company. They were issued for the following purposes :
$7,500,000, as successor of the Brooklyn & New York Ferry
$271,739 is»ue<l to cover payments made on account of $250,000 Co., whose 6tock was purchased recently by H. B. Hollins &
equipment bonds drawn for payment Jan. 1. 1898. |Co. The new company will make a consolidated mortgage
$1,000,000 of equipment trust bonds now remain out.
818,810 Issued to cover amounts paid to April 30,1898, In connec­ to secure $7,500,000 of fifty-year 5 per cent gold bonds, of
tion witli the acquisition of all the bonds and stock of the which $1,U00,000 will be reserved to retire the old firsts at or
Santa Fe Paclllc RR. Co. which company owns tne railroad before maturity.
and property formerly constituting the Western Division j
Of the capital stock $3,503,000 will remain in the treasury.
of the Atlantic & Pacific RR. All of said bonds and stock
have been deposited with the Trustee under the general The directors are: Samuel B. L iwrence, John B. Summert
mortgage.
field, C. E. W illiam s, Henry C. Everdell aud Armitage
848,885 Issued for impryvements and betterments of the Santa Fe
Mathews.— V . 67, p. 221.
Pacific RR. from July 1. 1897, to April 30, 1898.
[1,362,103 issued for improvements made during the calendar year !
Chicago <fe A lton R R .—Bonds Called.—Mississippi River
1697, in accordance with the provisions of Section 5 of I Bridge bonds numbered 13, 33, 46, 56, 63, 165, 338, 444, 531,
Article I. of the general mortgage. A certificate of such
649 aud 694, drawn for the sinking fund payment, will be re­
expenditures was furnished to the trustee
500,000 issued in accordance with the provisions of the same sec­ deemed Oct. 1, 1898. at the office of Messrs. Cuyler, Morgan
tion as an advance for improvements made during the & Co., No. 44 Pine Street, N ew York City.— V . 66, p. 423.
period commencing Jan. 1. 1898. The total amount au­
Chicago City R y.—North Chicago Street R R .—W est
thorized for such improvements is $30,000,000, of which
not more than $3,000,000 shall be certified in any one Chicago Street R R .— Consolidation—Plans for the bringing
year, but any lesser amount issued in any year may be of these companies by lease, consolidation or otherwise,
added to the amount Issuable in any subsequent year.
under a single management have been revived with much
better prospects than heretofore for a satisfactory result.
$3,801,517 Total.
Pacific Steamship Line.— It is announced that a company The Leiters, as holders of about 8,000 shares of the Chicago
has been formed to ran a line of steamships on the Pacific City R y ., are said to be favorable to the transaction. The
in connection with the Atchison Topeka & Santa Fe Ry. three companies have a total share capital of over 33 millions,
It is expected to have steamers leaving San Diego for points representing a market value of about $61,000,090.
The “ Chicago Tribune” on Tuesday said :
in the Orient by Oct. 1.— V . 67, p. 123.
B altim ore & Ohio R R .—Baltimore Belt Bonds.— Brown,
Shipley & Co. of London announce that under the terms of
their agreement of Nov. 1.1897, more than three-fourths of the
total issue of Baltimore Belt R R . bonds have been deposited
as assenting to the proposed plan of reorganization. If the
plan is declared operative with reference to this loan it will
benefit only those holders who assent prior to A u g. 16. Until
that date the firm will continue to accept deposits. Brown
Brothers & Co. of N ew York, Philadelphia and Boston, and
Alexander Brown & Sons of Baltimore will accept deposits
of bonds from holders in this country.— 67, p. 12L
Assents Received.— Holders of more than 60 per cent of the
bonds deposited with J. P. Morgan & Co. and J . S. Morgan

A prominent authority close to the affairs of the Chicago City Ry.
Co. yesterday explained the consolidation situation as follows:
“ AS ‘TheTribune’ has stated in its recent issues, the City Railway re­
cently secured control of the General Eleetrio Ry. Co. by purohase from
J. Fierpont Morgan of the stocks and bonds held by him as collateral
on money advanced, This cost about $500,000, and as numerous
extensions In the Oily Railway system were also contemplated, ana
would cost money, it was decided to ask the stooklmlders at the 00
ing annual meeting to authorize an increase of $ 2,000,000 in t o
capital stuck, to he subscribed for at par by stookholders. Lately tm
plan has been held in abeyance by far more important considerations
which have come up.
.
Annic“ As has been genorally known Mr. \erkes has f°Xi»SaIn^rqSr*Rallou8 of effecting a consolidation of his companies with the City *
way, but strong interests in the latter—the Leitei^ohmf among Jkb?1..
have objected. Now, however, the Leiters s e e m e ° J w f a o e a i h M
would be for the best interests of all to come to an understanding

999

IHE

CHRONICLE-

w i t h Mr. Y e r k e s . T h e r e s e e m s e n o u g h C i t y R a i l w a y s t e a k p l e d g e d t o
c e r r j t h e s c h e m e t h r o u g h U it c a n h o f o u n d p r a c t i c a b l e in Its l e g a l
d e t a ils .
••It t h e d i r e c t o r s b - c o m e c o n v i n c e d t h a t t h e l e g a l s t a t u s o f t h e n e w
c o m p a n y w o u ld b e s o u n d , t h e s t o c k h o l d e r s — p r o n a b l v « t t h e ir a n n u a l
m e e t in g In J a n u a r y , 1 8 9 0 —w il l b o i n v i t e d t o o n u o t m le e it h e r a le a s e
o r a s a te o f th e a s s e t s o f t h e c o m p a n y t e a n e w c o r p o r a t i o n nrhloli
s h a ll a l s o le a s e t h e Y e r k e a l in e s o r p u r c h a s e h is a s s e t s . W h a t e v e r
w il l b e th e c a p i t a l i z a t i o n o f t h e n e w c o m p a n y . It 1s I n t e n d e d t o I n c lu d e
t h e i«J . 0 <KU>oo I n c r e a s e w h ic h t h e d i r e c t o r s h a d a l r e a d y r e s o l v e d o n .
— V . 6 0 , p . 1 2 3 6 , 1 0 9 0 ,1 7 2 .

Chicago Fort Madison Jr lies Moines lMt.—Receiver Ap­
pointed.—A press despatch from Mount Pleasant, la., on
Wednesday announced that Judge Woolson had appointed
Vice-President E. F. Potter receiver of this property. The
line extends from Fort Madison to Ottum wa, la ., 71 miles,
and has long been bankrupt, its net earnings for the year
1896 97 being only $3,500, against fixed charges of $69,173.
Chicago In dianapolis & L o n isrille R y.—$1,116,300 Preferrei Stack Sold.—•The company has applied to the New
Y o rk Stock Exchange for permission to list $1,116,350 of
treasury preferred stock which h is been sold to improve the
propertv a n i build a coal branch. This issue raises the
amount oi preferred shares outstanding to $5,0;,0,000, the
total amount authorize! under the ptan of reo ganization.—
V . 67, p. 26, 27.
Cincinnati & Muskingum V alley UR. — Formal Possession
— Official notice is given that this company, a corporation
o f Ohio, having bought the railroad and appurtenances lately
belonging to the Cincinnati & Muskingum Valley Railway
■Company, takes possession of and begins to operate the same
as of Aug. 1. The officers of the company are as follows:

[VOL, LXVII-

will not be deposited. Owing to this change of circum­
stances, the committee think it proper to assent to the with­
drawal by any one desiring to do so of his shares deposited
with the American Loan ft Trust Co., upon signifying to said
trust company in writing his desire so to do on or before
| August 6, 1898, aud remitting to said com pm y 12 cents per
|share, which is the proportionate part of the expenses which
have already been incurred.
“ The committee invite the continuance of the deposits of
shires already nude, as well as further deposits of preferred
shares under* said agreement. The liability to expense is
limited to $L per share, pins stamp for transfer as required
under the revenue law .” — V . 67, p. 177.
Hudson Tunnel Ry.— Foreclosure.— The Farmers’ Loan &
Trust Company of 'thus city and John Henry Kendall
Broughton, of London, Eagland, mortgage trustees, have
made appliciti on to Chancellor McGill in Jersey City for an
order for the foreclosure sale of the company’ s property,
consisting of tbe unfinished Hudson River tunnel. After
foreclosure it is proposed to reorganize and push the tun­
nel to c smpletion. The new scheme, it is said, includes a
trolley line which will carry passengers through the tunnel
from Jersey City to New York at a high speed. The reor­
ganization plan, presented in June. 1896, was published fully
in the CHRONICLE, V . 63, p. 154 — V. 65, p. 412.
Kansas City P ittsb u rg & G u lf R. R , —Missouri Kansas &
Texas Ry.— Opening Up o f Indian Territory.— The benefit to
com e'to"th e Kansas City Pittsburg & G u lf R R . from the
opening up of the Indian Territory is stated as follows in a
circular sent out by the Missouri Kansas & Texas Trust Co.;

P r e s i d e n t . J a m e s M c C r e a , P i t ‘ s t m r g , P a .; S e c r e t a r y , S. B . L ig g e t t ,
P i t t s b u r g . P a .; A u d i t o r . J o b n W . B e n n e r , P i t t s b u r g , P a .; T r e a s u r e r ,
T . H . B . ile J v D ig lit , P i t t s b u r g , P a .— V . 6 7 , p . 1 7 6 .

Tlie developm ent o f the Indian Territory lias reoeiveft its drat great
impetus through the enactment, by Congress o f the Ourtis Bill. As the
Kansas Cltv Pittsburg & G ulf II d lro id has about 150 m iles o f track
Columbus Sandusky & H ocking Hit.—Fitzgerald Commit­ in the Indian Territory, and also readies the im portant oity of Ft..
the job b in g aud genera! supply depot for the greater part
tee to Receive Deposits till August 15.— The Fitzgerald Com­ Smith,
o f the Indian Territory, very beuBhcial results will be der ved by the
mittee gives notice that a m ajority of the ontsta Ming first railroad. The Curtis Bill provides lo r the allotm ent o f Indian Terri­
mortgage (prior lien) bonds and a majority of the general tory lands, selections o f tow n sites, sales o f tim ber and the lease o f oil,
and m ineral lands in a fair and reasonable way.
mortgage bonds have been deposited with the committee coal
Some idea o f the difficulties Heretofore experien ced b y m an u fac­
under the plan and agreement- of reorganization dated May turers aud traders in tbe Indian T erritory m ay bo understood when It
12. 1393, and that further deposits may be made without pen­ is realized that in tbe Cherokee N ation a white man oould n ot do busi­
ness in his ow n name, and the royalty demanded by the Indians on
alty to and including August 15, 1893.— V. 67, p. 176.
timber has beea about 50 per cent greater than is paid in the States.
Eagle & Phenix M ills.— New Mortgage.— This reorganized It Is not expected thatsuoh a rush as characterized the opening o f the
company of Columbus, G a,, has made a mortgage to the Cherokee Scrip aud Oklahoma will bo repeated, lint a m ore healthful
developm ent o f agricultural and industrial enterprises will surely
Trust Co. of Georgia, as trustee, to secure $500,000 first m ort­ result.
gage 6 p. c. gold bonds. The deed of trust is signed by Pres
The section o f the Indian T erritory through which the K. O. P. * G.
ident G. Gunby Jordan and Secretary E, N . Clements. The runs, including the famous Arkansas V alley, is d ecidedly the best as a
producer
o f coal, Umber, mineral aud agricultural products.
reorganization plan was in V . 66, p. 1110.

East Tennessee Telephone Co.— Mortgage fo r $150,000 —
T h is company, whose $300,000 of capital stock is quoted in
Nashville, has made a mortgage for $150,000 to the Nash­
ville Trust Co. as trustee.
Electrozone Commercial Co. o f P h ila d e lp h ia . -P rospec­
tus.— The $6<!0,000 capital stock of this N ew Jersey corpora­
tion was recently placed on the unlisted department of the
Philadelphia Stock Exchange. As a matter of record we
give the following from the prospectus issued in December
last, when a limited amount of the stock was offered for
sale at par, v iz ., $50 per share, to extend the business:
T h is c o m p a n y Iia3 a c q u i r e d t h e s o l e r ig h t u n d e r c o n t r a c t w it h a n d
b v l ic e n s e u n d e r p a t e n t s f r o m t h e E L e c tr o z o n e C o . o f N e w Y o r k , a n d
P r o f . A l b e r t E . W o o l f, t h e d i a o o v e r e r o f e l e c t r o z o n e , t o p r o m o t e c o m ­
m e r c i a l l y t h e s a le s o f •• E l e o t r o z o n e ” a n d “ M e t lit r in a ” a n d a l s o t o
e r e c t m u n i c ip a l p l a n t s f o r t h e m a n u f a c t u r e o f c r u d e e l e o t r o z o n e
t h r o u g h o u t t h e U n it e d S t a t e s . E l e o t r o z o n e is s e a w a t e r s p e c i a l l y
t r e a t e d b y e l e c t r o l y s i s , d e c o m p o s i n g t h e O hio r id e s a n d o t h e r e l e m e n t s
u n d e r th e p r o c e s s o f th e In v e n to r , t h e r e b y c r e a t in g o n e o f th e m o s t
p o w e r f u l g e r m ic i d e s a u d a n t i s e p t i c s k n o w n t o m e d i c a l s c ie n c e . T h e
m e d i c i n a l e l e o t r o z o n e f o r i n t e r n a l u s e Is c a l l e d M cdifcrin a,
A f t e r e x h a u s t i v e I n v e s t ig a t io n a n d t e s t s b y t h e c i t y o f P h il a d e l p h i a ,
a p la n t has b een e r e c te d fo r th e m a n u fa c tu r e o f e le o tr o z o n e to b e
u s e d id p u r i f y i n g t b e o v e r g r o u n d d r a i n a g e i n th e t h i c k ly p o p u la t e d
p a r t s o f th e c i t y , a n d f o r p l a c i n g a r e g u l a r s u p p l y a t t h e d i s p o s a l o f
t h e B o a r d o f H e a lt h f o r u s e In c a s e o f e p i d e m ic s . T h e c o m p a n y Is
n o w in c o m m u n i c a t i o n w it h s e v e r a l l a r g e c it i e s r e g a r d i n g t h e c r e a ­
t io n o f m u n i c ip a l p l a n t s , a u d t h i s b r a n c h o f t h e c o m p a n y ’ s h n s in e -a
In i t s e l f w i l l h e a s o u r o e o f l a r g e r e v e n u e . P r e s id e n t , R . E v a n s P e t e r ­
s o n ; S e c r e t a r y , W i ll ia m H . H ib b a r d ; T r e a s u r e r , C l a r e n c e B. K u g le r .

Fraser & Chalmers, Lim ited.— Option to Refund.— The
directors of this English concern, organized in 1890 to ac
quire the capital stock of an Illinois corporation, manufac­
turer of mining machinery, & c., are now prepared to issue,
in exchange for the £250,000 debenture 6s maturing Feb. I,
1900, new registered 5 per cent debentures maturing Feb. 1,
1913, but repayable at the company’s option at any time after
Feb. 1, 1908, on six months' notice at 103 per cent, and to pay
in cash £2 (less income tax) per £100 on such exchange, being
30s. difference in interest for the unexpired eights n months
and 10s. bonus. The company’s office is 43 Threadneedle
Street, London, E. G.
General Electric.— Circular.— A circular issuad on Thurs­
day by the preferred stockholders' committee and signed by
Thomas L. Livermore and Edwin F. Atkins is substantially
as follow s:
“ The committee named in the agreement dated June 1,
1898, between the committee, the American Loan & Trust
Co. and the depositors of preferred shares, are divided upon
the question whether it is for the best interests of the pre­
ferred shareholders to acquiesce in the reduction of their
shares by 40 per cent, Mr. Carr being in favor of accepting
the proposition and a majority of the committee opposed to
it. The majority have determined to vote against it, and if
possible to defeat it by legal proceedings.
“ Mr. Carr has accordingly resigned from the committee,
■and shares represented by him and other trustees or executors

Tbe Missouri Kansas & Texas Ry. also has much, to gain
from the development of the Indian Territory.— V. 66, p. 1189.
Kiugileld & Dead River R R .— Sale Aug. A — This property
is advertised to be sold by the Sheriff at Strong, Me., Aug. 2,
on a judgment for $3,295 and costs in favor of J. S. M ixcy
of Gardiner, Ms, The road is of two foot gauge and is 10
miles long, extending from Kingfield to Carrabassat, Ms. Its
funded debt June 30, 1890, was $30,000; floating debt $10,917.
Kearney & Black H ills Ry.— Foreclosure Sale Aug, 17.—
The foreclosure sale, it is stated, will be held at Kearney,
N eb., on Aug. 17. The line extends from Kearney to Calla­
way, a distance of 65 miles.
Los Angeles City W a te r.— Consolidated City W a te r.—
New Company.—A press dispatch from Los Angeles, Cal ,
July 21, said: “ The thirtv year contrast between this city
and the Los Angeles City W ater Co. expires to-morrow night.
To morrow the city will formally tender the company $1,300,000 for the property held by it. The offer will doubtless
be refused.
“ To day papers of incorporation of the Consolidated City
W ater Co. were filed. The capitalization is 82,480,000, and it
is doubtless contemplated that this company shall augment
or supersede the former company, consolidating all its
various interests.”
Louisville & N ashville Term inal Co.— Lou isville &
N ashville R R .— N ashville Chattanooga & St. Louis R R .—
Tennessee Central R R .— New Union Station at Nashville.—
The contrast for the construction of the new depot at Nash­
ville, Tenn., was awarded on July 30 to Charles A. Moses,
of Chicago. The amount of the bid is not announced, but it is
believed iu Nashville that the structure itself, exclus.ve of
the land, will cost in the neighborhood of $1,000,000, if in­
deed it does not exceed this sum. The station, which is to
be the handsomest in the South, will be located on South
Waluut Street and New Kayne Avenue, south of Broad
Street. The plans include a depot building and baggage
room, with a train shed of 200 feet clear space, a total
width of 240 feet and a length of 500 feet. It will have
three through tracks and six stub end tracks.
The prop­
erty will be owned bv the Louisville & Nashville Terminal
Co,, of which Maj, E. C. Lewis of Nashvillte is President,
Tue Louisville & Nashville and the Nashville Chattanooga &
St. Louis will use the station.— V. 87, p, 122, 29, 179.
Manhattan Ry.—Findings i f Referee in Tax Case,—The
Roport of Hamilton Odell, referee in the tax case, was made
public yesterday, The referee concludes that the re-assess­
ment of the capital stock and surplus of the company for
1895 at $15,5 36,800 is illegal, and should be stricken from the
assessment roll. Following are some of his findings ;
( l) Under the law tbe value o f tbe foundation, road-bed, sub-struc­
tures, etc., o f the com pany on the seoond M onday o f January, 1891,
for the purposes o f assessment, was tile cost o f replacing tbe same o a
said d a te;

J uly 30, 1898,]

THE CHRONICLE.

(2) The eompany ie entitled to a deduction in any assessment of its
eapital stock and surplus as of the second Monday of January, 1894,
to the amount of $21,907,590, being the amount of indebtelness for
■which it was upon that day direotly liable, and which had not been
contracted or incurred in the purchase of non-taxable property or
security.
(3) The use of bonds of the >'ew York Elevated RR. on the Manhat­
tan Elevated RR. for the purpose of paying or settling the claims of
abutting property owners does not constitute the contracting of in­
debtedness for the purchase of non-taxable property.
(4) On the second Monday of January, 1894, the Manhattan Com­
pany owed no dobt or claim against the Metropolitan Elevated that
was assessable as an asset of the Manhattan Company for the pur­
pose of local taxation, in excess of $2.023,4S7.
a ( 5 ) in conclusion, the re-assessment of the capital stock and surplus
o f the company for 1895 at the sum of $15,526,800.1s erroneous and
Illegal, and should be wholly vacated and set aside and stricken from
the assessment roll.

Assistant Corporation Counsel W ard is quoted as saying
that the decision of the referee is a complete and sweeping
victory for the Manhattan as far as it goes. It vacates the
assessment in its entirety. The case, however, will be aopealed and taken finally to the Court of Appeals.—V . 67, p. 29,
National Linseed O il .—St .tun.— Regarding the company’s
condition, President Euston on Thursday said :
“ There is nothing at this time in the affairs or the financial
■condition of the company to warrant the rumors which have
been circulated that the company is going into the hands of
a receiver. The company has no past-due paper, and its
losses on the seed market have been largely exaggerated. A t
this date and at present market prices its quick assets are
sufficient to pay its liabilities.'’
It appears that the company has been carrying a large
amount of flaxseed, at one time it is said over 1,000,000 bushels, purchased at piices averaging, it is believed,
over $1 10. The fall in th j price to 83 cents caused difficu'ty
in meeting margins, and the commission houses on the
Chicago Board of Trade were notified to transfer to Albert
Dickinson, at 83 cents, all the company’s open flaxseed trades.
Th e President of the company thereupon made the state­
ment quoted above regarding the company’s solvency.—V.
66, p. 617.

223

New York & H arlem R R .— Dividend.— Referring to the
item concerning this company in last week’s C hronicle , a
reader has called attention to the fact, since officially con­
firmed for us, that the Harlem Company still owns the two
pieses of property located at Thirty-second and Thirty-third
Streets, Fourth and Lexington Avenues, and on Madison
Avenue, between Eighty fifth and Eighty-sixth Streets, and
that under the lease to the Metropolitan Railway Co. such
properties revert to the Harlem Company on the first day of
July, 1899, with the covenant, however, that the lessee may
purchase the same, prior to that date, at a valuation to be
agreed upon or fixed by arbitration. The Metropolitan Co.
has not as yet officially notified the company as to its decision
in the matter, and no action has been taken looking to the
sale of the property.
These two pieces of real estate when sold would certainly
yield a very large sum, which, if invested for the benefit of
the stockholders would doubtless, in the opinion of the read­
er above referred to, give a further increased dividend of %
per cent upon the share capital stock. After Jan. 1, 1900, he
believes the stock will be upon, at least, a permanent 14 per
cent basis.— V . 67, p. 178.
New York Pennsylvania & Ohio F irst Mortgage T ru st.—
Dividend Payment.— An interim dividend at the rate of 2 per
cent per annum for the half-year ended 3d instant is payable,
less income tax, on 21 August.— V . 64, p. 470.

Northern Pacific R y .—3673,000 Prior Lien Bonds Listed.
— The New York Stock Exchangehas listed $673,000 addi­
tional prior lien railway and land grant 4 per cent bonds,
making total amount listed $86,104,000.
The additional
bonds were issued as follows: $571,600, at 130 per cent, to re­
imburse the company for the amount deposited to redeem at
li e per cent $432,000 of general 1st mortgage 6s, drawn for the
sinking fund; $111,400 for general first mortgage bonds ex­
changed and deposited with the trustee of the prior lien
mortgage, as additional security for the bonds issued there­
under. There are $9,189,000 of general first mortgage bonds
now held by the public. Of this amount $1,928,000 were
drawn for the sinking fund on July 14. 1898. and interest
thereon will cease on and after Jan. 1, 1899.— V. 67, p. 178.
Ohio Southern R R .— Deposits o f First 6s to be Received
Till Aug. 10 on Payment of Penalty.—The Read Committee
Newark Gas .— Purchase o f Control.—The Newark •‘Ad­ calls the attention of holders of the first mortgage 6s to
vertiser” is authority for the statement that the purchase the foreclosure sale which will take place under order of the
referred to last week applied only to the 15,000 shares Court of Common Pleas for Allen County, Ohio, on Aug 20,
held by the syndicate (out of the total issue of 20,000 shares.) 1898. Bonds will be received by the committee to and in­
The “ Advertiser” says: “ There is no arrangement as to the cluding Aug. 10, 1^98, upon the payment of a penalty of $10
5,000 minority shares of the company and the purchasers are per bond, after which date no bonds will be received except
upon terms to be fixed by the committee.— V . 67, p. 74.
under no obligation to acquire this stock.”
People's Gas Light & Coke.— Suit Dismissed.—Judge G ib­
The “ Philadelphia Financial News” on Thursday said:
The United Gas Improvement Co. has not purchased the Newark bons at Chicago, on Thursday, in the suit of Steernbach and
■Gas Works, and negotiations were stopped, owing to the fact that the Herrmau, as bondholders of the Equitable Gas Light & Coke
U. G. I. Co. was not permitted yesterday, as per arrangement, to in­ Co., rendered a decision holding that the complainants had
spect the books of the company. The company was invited to join no standing in Court, refusing the motion to appoint a re­
with some New Jersey parties, representing some ot the strongest
people In the State, in the purchase of the Newark Gas Works from ceiver and dismissing the bill for want of equity. The attor­
other persons who held an option on the property. The option expires neys representing the bondholders then filed an amendment
Aug. 1. Yesterday, according to an arrangement, U. G. i. represent­ to the bill of complaint, asking that the officers of the con­
atives went over to inspect the Newark Gas Company’s books before
making decision about purchasing, but at the last moment this was stituent companies be required to account for $230,000 alleged
refused. The U. G. I. Co. had not satisfied itself that the property by the plaintiffs to have been spent for the purpose of secur­
was worth the price asked, viz : $3,100,000 stock, and subject to a ing the passage of the Consolidation A ct by the Illinois Legis­
$4,000,000 mortgage, and the negotiations are reported off so far as lature.— Y . 67, p. 30.
they are concerned.
People's Ligh t & Power Co. o f N ewark.— Consolidation.
The above statement that the terms offered do not apply to — This new corporation is reported to have absorbed the
the minority stock is so at variance to the reports accepted following companies:
last week that we applied to the Fidelity Trust Co. of New­
N e w a r k E l e c t r i c L i g h t & P o w e r , N e w a r k S c h u y le r E l e c t r i c L i g h t ,
ark for the facts of the case. The company's reply is as fol­ T h o m p s o n H o u s t o n E l e c t r ic , C e n t r a l P o w e r , C o n s u m e r s ’ E l e c t r io
lo w s: “ Our knowledge in regard to the terms of the con­ L i g h t & P o w e r , E x c e l s i o r E l e c t r io o f H a r r i s o n , K e a r n e y E l e c t r i c
tract between the Newark Gas Co. and its prospective pur­ L ig h t & P o w e r . J e r s e y C ity E l e o t r io L i g h t . H u d s o n C o u n t y E l e c t r ic ,
E s s e x C o u n t y E l e c t r ic . S u b u r b a n E l e c t r ic L i g h t & P o w e r , M o n t c la i r
chasers is somewhat vague, though our belief is that the L i g h t A P o w e r , E d is o n E le c tr ic L i g h t & P o w e r , P e o p l e ’ s G a s .—V . 6 o ,
minority stock will be purchased by the purchasing syndicate p . 2 3 6 .
at the same terms at which the 15,000 shares referred to by
Richmond N icholasville Irvine & B eattyville R R .—Sale
you were purchased, viz., $310 [per $160— E d .] There has Sept. 6.— The sale, it is stated, is set for Sept. 6, the upset
been no circular issued in regard to this matter, and any price to be $160,000, as before.— V . 67, p. 127.
information other than inference is difficult to obtain.”— V.
Silver-P lated-Ware Manufacturers.— Consolidation Under
67, p. 178.
Consideration.—Preliminary negotiations are in progress
New York Central & Hudson R iver RR. Co.— Price of looking to the consolidation of the leading manufacturers of
N ev 3K * in Exchange to be 105 A fter Aug. J.— J. P. Morgan silver-plated ware, except several that also do a considerable
& Co. announce that their offer to exchange various bonds business in solid silver articles, into a single corporation with
The firm of Holmes
of this company for the new
per cent gold bonds of 1997 a capitalization of perhaps $15,000,000.
at 104 and interest will be withdrawn on Ang. 4, after which & Edwards and the Manhattan Silver-Plate Co. are under­
stood
to
be
prominently
identified
with
the consolidation
date the rate will be 105 and interest.
The outstanding securities will be received at their present movement. A report from Connecticut, where a majority’
value, calculated to maturity on a 3>£ per cent basis, as fol­ of the principal works are located, has it that manufacturers
controlling 85 per cent of the output have intimated their
lows :
willingness to join in the consolidation, if terms can be
Issu e.
D u e.
V a lu e .
On.
First mortgage 7»................... Jan., 1903
114-46 p. c July 1, 1898 agreed upon.
The following are some of the prominent
First mortgage sterling Cs___Jan., 1903 107 87 p. c.
"
“
Connecticut companies: Meriden Silver Plate Co., the Meri­
(Figured on basis of $978-33
den Britannia Co., the Middletown Plate Co., the W ebster,
par for each bond of £200. j
Extended debt certificates,la.May, 1905 1 03’08 p. c. May 1,18 9 8 Derby, and Wilcox companies, Rogers Bros., the W m .
Debenture 5a............................ Sept.,1904
108-65 p. o. Mar. 1,1898 Rogers Manufacturing Co., the Barbour Silver Co. ana
Debenture 4s............................June, 1905
103-08 p. o. June 1, 189S
Holmes & Edwards.
-Vote.—Interest at the rate of 3 Ja per cent on money value calculated
Sioux City B ridge.— Combination. Bridge Co.— Sioux
from these dares to time of delivery will be paid in addition. The
bonds must bear the current coupon.
City Term inal RR. X W arehouse— Sioux City Stock Yards.
When the option to make the exchange was first announced — Suits Piled.— The Credits Commutation Co., an organiza­
in January last, the new '41? per cent gold bonds were ten­ tion formed by the creditors of various Sioux City com­
dered in payment at 103 per cent and accrued interest to panies which failed several years ago, to recover as much as
date of delivery. Subsequently the price for the new bonds possible from the wrecks, has commenced suit on the follow­
was raised to 103V£ per cent, later to 104 per cent and now ing notes: Sioux City Dressed Beef & Canning Co., $273,509; John Hornick, $634,0J0; Sioux City Stock Yards, $891,to 105 per cent. —V . 67, p. 29.

224

THE CHRONICLE.

000; Sioux City Terminal B S . & Warehouse, $030,300. and
Edward Haakiason. $W1,3 0 — V . 07, p. 176; V . 61, p. 481.
Springfield (111.) Consolidated Ry.— Half-Yetill/ State­
ment.— The following comparative statement of earnings
for the six months ending July 1 is reported from Louisville:
6 M onths.
Gross.
Op. F.Jrp.
X ft
1S9S...................................................,................. $57,40*2 $34,229 $23,173
1897.............................. ..................... ................ 45.049
30,065
14,98-1

“ It is hoped the company will now be able to meet the
interest on its $750,000 of bonds.” See V . 65, p. 730.
Union Traction Co. of Anderson, lad.— Anderson Street
Ry.— Purchased.— New Mortgage .— The formal transfer of
the property of the Anderson Street Ry. Co. to the Union
Traction Co. took place on July 21. The consideration, it is
said, was $150,000 cash and the assumption of the $150,000
six per cent bonds issued by the Street Railway Co. in
1892. The Union Traction Company has made a mortgage
for $600,000 to the Farmers' Loan & Trust Co. as trustee,
covering the property acquired, and no doubt the prop
erty previously owned, which, it is understood, had not
theretofore been bonded, it is claimed the Union Traction
Co., including the line from Alexandria to Elmwood, has
32 miles of track. Phillip Matter is President.
W ich ita Valley R E .— Interest Seated.— The interest on this
company’s $769,000 of 5 per cent bonds has been scaled to 3
per cent for five years, and at this rate, the company states,
the coupons will be regularly paid. The coupons of Jan. 1
and July 1 were paid at the reduced rate.
Wisconsin Central Co.— Rentals o f Lessor Companies.— A t
Milwaukee, July 23, Judge Seaman instructed the receivers
to pay the Central Car Co., the Milwaukee & Lake Winneba­
go and the Chicago Wisconsin & Minnesota railroads, rentals
on the same basis asunder the temporary agreement which
terminated June 1 of this year. Under this order the two
iViilroads will receive the net earnings each of its own
property, after deducting their proportion of all terminal,
equipment and other expenses, in place of the amounts
provided under the original leases.
(V. 64, p. 903.) The
Central Car Co. until 1897 was receiving a rental for its
equipment figured upon a basis of a valuation of $3,314,205,
and the yearly rental was $293,283, or $24,857 monthly.
From the date named the receivers were ordered to pay
rental on a basis of a valuation of $1,893,696, or something
over $14,000 monthly. This latter rental is continued under
the present order. A s is well known, the importance of the
Central Car Co. lies in the fact that its capital stock, or the
greater part of it, is the chief asset back of the $3,642,000 of
joint improvement bonds.— V . 67, p. 31,
York Southern R R .— Negotiations Still Pending.— A s to
the item credited by us last week to the “ Baltimore Sun,”
President W alw orth writes us as follows: “ In reply to your
favor asking if there is any truth in the report that the Y ork
Southern R R . has been sold to the Pennsylvania people, beg
to say that negotiations are pending, but nothing has been
consummated. I will advise you when the road goes out of
my hands.”— V . 67, p. 180._______________________ __ ___________

f

— A prominent N ew York bond house is making this week
a very interesting offer of first mortgage bonds paying five
to six per cent, which rather proves that careful investors
who look around can still get over five per cent on their
money with safety. The list of bonds and their chief features
as stated in the offer are well worth repeating. One issue,
the Milwaukee & Lake Winnebago firsts, are a lien on all of
the divisions of the Wisconsin Central system, which shows
remarkable earning capacity. Another bond, the Houston
East & W e st Texas five per cents are the outcome of a reor­
ganization in which the fixed charges were cut down to
within the net earnings of the worst year, while the property
was practically rebuilt with new money. Still another issue
is the Atlantic & Danville first 5s which were given about
five years ago to the original first mortgage bondholders in
payment of a twenty-five per cent assessment. The road has
for years earned more than double its interest charges. The
offerings of receivers’ certificates of the N ew Orleans &
W estern on a 6 per cent basis is also very interesting, as the
property has cost fully five times the amount of the issue. These
issues are referred to more iu detail on page ix of this issue.
— Dean & Shibley announce that the reports from the vari­
ous trust companies who were receiving subscriptions for
the bonds and preferred stock of the United States Envelope
Co. show a large over-subscription for the bonds on the first
day and a very heavy subscription for the preferred stock.
The common stock had been subscribed in full before the
bonds and preferred stock were offered,
— On page vii will be found a list of selected investment
bonds offered for sale by Messrs. Spencer Trask & Co. De
tailed information regarding each issue can be had on appli­
cation at their office, 27 ana 29 Pine Street, N ew York,
— The United States Mortgage & Trust Co. closed the sub­
scription list for the $1,000,000 of 4 per cent first mortgage
trust gold bonds, Series G , on Thursday. The amount subscribed was nearly $2,010,000.
— W inslow , Lanier & Co. will pay dividends on a number
of securities, list of which will be found in another column,
— N . W . Harris & Co. will pay dividends on a number of
securities, list of which will be found in another column.
— Farson Leach & Co. will pay dividends on a number of
securities, a list of which will be found in another column.

[VOL. LXVII.

I jU p o r ts

CHICAGO

a n d

S o n im e u ts *

NOR TH WESTERN R A IL W A Y
CO MP A NY .

A N N U A L REPORT FOR T H E T H IR T Y -N IN T H FISC A L
Y E A R EN D IN G MAY* S1ST, 1898.
The revival of business during the past fiscal year resulted
iu an increase in the gross receipts of the company of
$5,078,317 57. A fte r paying the current expenses and taxes,
the fixed charges and usual dividends on Preferrred and
Common Stock, there was a surplus of §2,235,322 59.
This surplus is accounted for as follow s :
Expended for Construction..................................................... $821,454 63
Maplo River RR. First Mortgage Bonds due July 1st,
1897, paid and canceled, no new bonds being Issued
to take their place..................................................................
4,02,500 OO
Increase In Cask on Hand............................. $1,979,759 98
Leas Balance—Increase in Current Lia­
bilities, etc.....................................................
968,392 02
--------------------- 1,011,367 9S
Total surplus....................................................................... $2,235,322 59

In addition to the construction expenditures made from
the surplus, as above stated, the Company also expended for
construction, as contemplated by the issuance and sale of
the 'i% per cent General Mortgage Gold Bonds, explained
elsewhere herein, $2,000,000.
The particulars of this expenditure, together w ith other
expenditures for construction made from surplus earnings,
land grant receipts and W isconsin Northern Railway Bonds,
will be found described in detail further on in this report.
In addition to the substantial and permanent improve­
ments covered by the construction expenditure referred to
above, there has been disbursed for Maintenance and Im­
provements, embraced in the charges to Operating E x ­
penses, the following sums, v iz .:
In crea se over
last y e a r .

Maintenance of Roadway and Traok.......$3,496,497 07
Maintenance of Bridges, Buildings, etc.. 1,419,997 36
Maintenance of Equipment........ . ............. 4,245,532 56

$470,337 86
333,139 18
1,212,344 66

Total......................................................... $9,192,026 99

$2,015,821 7ft

The results for the year iu detail are as follows :
A v e r a g e M i l e a g e O p e r a t e d , 5 ,0 7 0 * 7 8 M i l e s ,
Gross E a r n in g s —

From Passeneera........................................... $7,256,299 23
From Freight.......................
27.035,105 39
From Express, Mail and Miscellaneous.. 1,759,156 43
Total Gross Earnings ..........................

$36,050,561 05-

O p eru hng E x p en ses a n d Taxes—

Operating Expenses (63 s i,00per oentof
Gross Earnings).................................... $22,643,879 31
Taxes (3 00.oo percent of GrossEarniugs) 1,102,605 75
-----------------------

23,746,485 Oft

Net earnings......................................................................$12,304,075 9 0
Other P a y m en ts, v ie.:

Interest on Bonds......................................... $7,096,284 57
Less Credits—
For Dividend on Omaha
Stock.....................................$563,000 OO
For Balance of Interest and
Exchange............................. 44,679 92
-----------------607,679 92
Net Interest.Charges...................................$6,488,604 65
Sinking Funds................................................
197,260 00
Interest paid iu advance of maturity
on bonds taken up and funded into
3*4 per cent General Mortgage Gold
Bonds of 1987..................................................
320,000 00
--------------------7,005,864 63
Net Receipts................... ................................................... $5,298,21134
456,935 OO

A dd In co m e f r o m In v estm en ts ..............................................

Total net income for tbe year................

................... $5,755,146 34
3,519,823 75

D iv id en d s ....................................................................................

Net Income over all charges for tbe year................... $2,235,322 59
To this add Balance to the Credit of In­
come Account May 31st, 1897...............$4,023,503 60
L ess Amount charged off for rebuilding
Ore Dock No. 4. Eacauaba, destroyed
by ilrc Nov. 20tk, 1897.............................
207,672 73
--------------------3,815,830 87
Total Balance to Credit of Income Account May
31st, 1898........................................................................ $6,051,153 46
COMPARATIVE STATEMENT.

The affairs of the Fiscal Year ending May 81st, 1898, com­
pared with the corresponding year 1897 m ay be summarized
as follow s:
Gross earnings were increased 16 S8)0n percent,, ot.........$5,073,317 57
The Operating Expenses were increased..$3,768,790 16
Taxes were increased............... .....................
40,873 84
Interest on Bonds and Interest and Sink­
ing Funds were increased..........................
1,273 07
Add for Interest paid in advanoe of ma­
turity on Bonds taken up and refunded.. 320,000 00
--------------------- 4,128,937 07
Increase in Net Receipts................................................I.
Add Increase in Income from Investments.,......................
Less Increase in Dividends on Stock...................................

$944,380 50
120,145 OO
$1,064,525 50
1,173 75

Learing the Increase in Not Income for year ending
May 31st, 1898, compared with preceding year. ,...$ 1 ,0 63 ,3 51 75

THE CHRONICLE.

J u ly 30, 1898.J
G RO SS E A R N IN G S .

The gross earnings for the year were the largest in the
history of the Company, amounting in all to 836,050.561 05,
being an increase over the earnings of the previous year of
$5,073,317 57, or 16 38-100 per cent. Compared in detail with
the previous year they were as follows :
1 8 9 6 -7 .
A v e r a g e m iles.
5 , 0 3 0 TSioq.
P a s s e n g e r e a r n i n g s . . $ 6 ,9 6 3 ,5 7 8 31
F r e i g h t E a r n i n g s ___ 2 2 , 2 3 6 ,6 1 2 1 9
E x p r e s s , M a d a n d M is ­
c e ll a n e o u s E a r n in g s
1 , 7 7 7 ,0 5 2 9 8

1 8 9 7 -8 .
A v e r a g e m iles.

In crea se.

5 , 0 7 0 7S,oo.
$ 7 , 2 5 6 ,2 9 9 2 3
2 7 , 0 3 5 ,1 0 5 3 9

$ 2 9 2 ,7 2 0 9 2
4 ,7 9 8 ,4 9 3 2 0

1 ,7 5 9 ,1 5 6 43

D e c . 1 7 ,8 9 6 5 5

T o t a l s ......................... $ 3 0 ,9 7 7 ,2 4 3 4 8 $ 3 6 ,0 5 0 ,5 6 1 0 5
A v e r a g e G ross E a rn ­
i n g s p e r m il e o f r o a d
$ 6 ,1 5 7 5 4
$ 7 ,1 0 9 4 7
P A S S E N G E R T R A F F IC .

$ 5 ,0 7 3 ,3 1 7 5 7

P a sse n g e rs C a r r ie d —
F i r s t - c l a s s ...............................
S e c o n d - c l a s s s ........................
R o u n d t r ip <fe e x c u r s i o n ,.
C o m m u t a t i o n , .......................

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

156100 I n c r e a s e
5 ?0io o In cre a se
4 °°jo o In crea se
l * 7; oo D e c r e a s e
4 ,)®ioo I n c r e a s e
3 i» ii» o I n c r e a s e

1 8 9 0 -9 7 .
1 8 9 7 -3 .
In crea se.
F r e i g h t E a r n i n g s . . . $ 2 2 ,2 3 6 ,6 1 2 1 9 $ 2 7 ,0 2 5 ,1 0 5 3 9
. $ 4 , 7 9 8 ,4 9 3 2 0
( B e i n g a n I n c r e a s e o f 2 1 ®^ioo l ,e r c e n t .)
P ercen ta g e o f In ­
cr e a s e o r D ecrea se.
T on s o f F r e ig h t C a r­
r i e d ..............................
1 9 , 6 9 3 ,6 3 4 2 9 3 5 100 I n c r e a s e
1 5 ,2 2 5 .1 3 8
T o n s o f F r e ig h t C a r ­
r i e d O n e M i l e ____ 2 , 2 5 4 ,0 2 7 ,2 8 5
3 ,0 3 0 ,6 1 0 ,1 7 5 3 4 * 5 100 I n c r e a s e
A vera ge
K a m in g s
R e c e iv e d P e r T o n ..
$1 46
$1 37
01*100 D e c r e a s e
A verage
E a r n in g s
R e c e i v e d P e r T on
P e r M ile .................... 99,00 o f a c e n t
83:o o o f a c e n t 10»°ioo Decrease
A v e r a g e D is ta n c e
E a ch
T on w a s
1 5 3 * 9 .00 m ile s
3 ' * oo I n c r e a s e
H a u l e d ....................... 1 4 8 ° 3 joo m ile s
Total
M ile a g e o f
F r e i g h t T r a in s .
4 9 2 i0o I n c r e a s e
1 5 ,6 4 0 ,4 3 3
1 4 , 3 7 1 ,2 8 6
T o ta l M ile s H u n b y
F r e ig h t C a rs
2 5 1 ,5 7 8 ,1 6 7 1 5 9 6 .00 I n c r e a s e
2 1 6 .9 5 9 ,3 6 4
L o a d e d .......................
E m p t y ........................
1 0 0 ,3 8 2 ,5 4 5 1127100 I n c r e a s e
9 0 , 2 1 4 ,2 9 3
O P E R A T IN G E X P E N S E S A N D T A X E S .

The operating expenses and taxes for the year, compared
with the preceding year, m ay be stated as follows:
180*5-7.
A m ou n t.

1897-8.
P .c.of
Total

A m ount.

P x .o f
Total.

Increase.

$1,946,494 43' 21*9

$803,477 04

lfl-0

4,245,532 5g | 18*7

1.212,344 00

11,001,471 22 68*3
609.412 04
37

12.678.049 80, 56*0
773,802 52j 3*4

1,076.578 58
74,889 88

14,148,017 3P 22 0
3.033.187 00

T otal O perating E x
p on ses.......................... $18,877,089 16 100*0
T a x e s ..................................
1,001,731 91 .........
T ota l O perating E x ­
penses and T a x e s ... $19,938,821 001.........

Net. Earnings per m ile
o f r o a d ............................

% T o t a l t o n s la id .
C o st o f R a ils .
N e w s t e e l r a i ls .
U s a b le r a i l s ___

1 8 9 6 -7 .
1 9 ,2 2 2 t o n s
1 0 ,3 2 8 “
2 9 ,5 5 0

“

1 8 9 7 -8 .
In crea se.
2 3 ,5 5 4 t o n s
4 ,3 3 2 t o n s
9 ,3 3 8
“ D e c .9 9 0
“
3 2 ,8 9 2

“

3 ,3 4 2

“

1 8 9 6 -7 .
$ 5 5 9 ,5 6 1 8 3
1 9 1 ,9 1 1 4 5

1 8 9 7 t8 .
$ 4 2 9 ,0 0 9 8 0
1 1 7 ,2 8 7 7 9

D ecrease.
$ 1 3 0 ,5 5 2 0 3
7 4 ,6 2 3 6 6

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

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

$ 2 0 5 ,1 7 5 6 9
1 6 ,0 1 6 0 7

N e t c h a r g e ......................... $ 4 4 7 ,2 2 5 0 6
(T h u s it a p p e a r s f r o m t h e
f o r e g o i n g t h a t w h il e t h e r e
w a s a n i n c r e a s e o f 4 ,3 3 2
t o n s o f n e w s t e e l r a i ls la id
o v e r th e p r e v io u s
year,
th e r e w a s a d e c r e a s e in
c o s t in t h is i t e m o f $ 1 3 0 ,5 5 2 0 3 , a r is in g fr o m th e
r e d u c t io n in th e p r ic e o f
s t e e l r a i ls .)

$ 2 5 8 ,0 6 5 4 4

$ 1 3 9 ,1 5 9 6 2

T ies L a i d .....................................
N u m b er la id —
1 8 9 6 - 7 .............1 ,5 1 1 ,9 4 2
1 8 9 7 - 8 .............2 , 6 3 5 ,8 1 6

$ 8 4 9 ,0 8 3 9 4

In crea se.
$ 3 4 0 ,3 9 9 8 0

77
14

$ 2 7 0 ,0 6 2 5 6
2 9 1 ,8 4 0 SO

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

14
18

2 7 0 ,8 5 1 61
1 ,2 5 4 ,6 5 4 4 2

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

$ 3 0 8 ,6 8 4 1 4

$ 2 9 2 ,7 2 0 9 2
4 ao,00
I n c r e a s e . . . 1 ,1 2 3 ,8 7 4
P e r c c n ta p e o f I n T ractz L a b o r , v i z .:
1 8 9 7 -3 . c r e a s e o r D e c r e a s e .
L
a
y
in g r a i ls a n d t i e s ___
$ 2 3 9 ,9 2 3
4 ,9 3 7 ,5 1 1
650 on D e c r e a s e
B a lla s t in g a n d d i t c h i n g . .
2 2 9 ,1 5 6
2 ,8 9 7 2 9 4 * oo D e c r e a s e
R e m o v in g g ra ss, bru sh ,
1 , 4 3 6 ,3 2 9
G4io o I n c r e a s e
w
e
e
d
s
,
s
n
o
w
a
n
d
i
c
e
.
.
.
2
5 1 ,2 4 5
7 ,6 5 9 ,6 5 1
7 * E Oo I n c r e a s e
G e n e r a l r e p a i r s ................... 1 ,1 3 5 ,4 5 3

Freight traffic contributed 74 99-100 per cent, or $27,035,105 89 of the gross earnings o f the company. The particu­
lars of the business in comparison with results for the pre­
ceding fiscal year may be stated as fo llo w s:

P . ct. o f O per. E xp. to
G ross Earnings
___
P . ct. o f T a x es t o Gross
E a rn in g s........................
P . c t o f Oper. E x p, and
T a xes to G ross Earns.

B a i l s L a i d i n R e n e w a ls .
N e w s t e e l r a ils l a i d . .............
U s a b le r a ils l a i d .....................

$ 7 ,2 5 6 ,2 9 9 2 3

T o t a l s ................................$ 1 3 ,3 2 1 ,0 6 5 $ 1 4 ,0 3 6 ,3 8 3
T o ta l X u m b e r o f P a s s e n g e a s C a r r i e d O n e M ile ..3 4 1 ,1 0 3 ,8 8 3 3 6 0 ,5 6 2 ,9 8 6
A v e r a g e F are P a id by
E a ch P a s s e n g e r ....
5 0 cen ts
52 cen ts
A v e r a g e F a re P a id P e r
P a s s e n g e r P e r M ite ........ 2 0 i ]00 c e n t s
2 0 l I00 c e n t s
A v e r a g e D is t a n c e T r a veled
b y E a c h P a s s e n g e r ........ 2 4 * ^ 00 m il e s 2 5 0 3 ,00 m il e s
T o ta l m ile a g e o f P a s s e n ­
g e r T r a i n s ..........................
9 , 9 2 3 ,5 0 3 1 0 ,2 4 0 ,1 1 4
F R E IG H T T R A F F IC .

M ain ten an ce o t W a y A
S tr u c tu r e * .....................
M ain ten an ce o f E quip­
m en t................................
C on du ctin g T ran sp orta­
t io n ..................................
G eneral E x p en s es ...........

M A IN T E N A N C E O F W A Y A N D S T R U C T U R E S .
RENEWALS AND REPAIRS OF RO AD W AY AND TRACK.

L e s s , v a l u e o f o l d r a i ls . . .

/---------I n c r e a s e --------P a s s fg e r E a r n s .—
1896*7
1 8 9 7 -8 .
A m o u n t. P e r c e n t.
F rom
F J rs t-c la s s
p a s s e n g e r s ...........$ 4 , 7 7 2 ,2 6 6 1 2 $ 4 , 9 0 5 ,5 3 9 3 6 $ 1 3 3 ,2 7 3 2 4
279100
(D e c r e a s e .)
F r o m S e c o n d -c la s s
9 , 7 2 0 11 372S J00
p a s s e n g e r s ..........
2 6 ,0 7 2 1 7
1 6 ,3 5 2 0 6
F r o m R o u n d T r ip
and
e x c u r s io n
6 0 ,2 6 1 1 0
5S 3 j00
p a s s e n g e r s ........... 1 , 0 7 6 , 5 9 1 3 5
1 ,1 3 0 ,8 5 2 4 5
F r o m C om m u ta ­
1 0 6 ,7 2 4 1 7 1C07100
t io n p a s s e n g e r s . 1 ,0 6 0 ,0 8 0 5 5
1 , 1 6 6 ,3 0 4 7 2
F r o m P a r lo r C ar
2 ,1 8 2 5 2
6 3 i 100
f a r e s ........................
3 4 ,5 6 8 1 2
3 6 ,7 5 0 6 4
T o t a l s .................$ 6 , 9 6 3 ,5 7 8 3 1

The principal items of expenditure for these purposes
with some comparisons with the preceding year, m ay be
stated as follows:
J

$95193

Details of passenger earnings and traffic compared with
the preceding year may be stated as follows :

2 5

00 94-100

$22,043,879 31 100-00 $3,700,790 10
40,873 84
1,102,605 75
$23,740,485 00

$3,807,004 00

03 81-100

3 48-100

3 00-100

64 37-100

05 87-100

» 2 . m 17

*2.12« 47

$232 30

The charges to operating expenses for Maintenance of
W a v . Structure sand Equipment, as shown in the foregoing
table, amounted to 40 6-10 per cent of the total operating
expenses for the year, being an increase of $2,015,821 70 over
the previous year’s outlay for similar purposes. These ex­
penditures have greatly improved the physical condition of
the property, increased its facilities for doing business and
permanently added to the safety and economy of operation.

T o t a l t r a c k l a b o r .......... $ 1 , 8 5 5 ,7 7 8 2 3
M i s c e l l a n e o u s T r a c k M a te ­
2 1 4 ,4 7 1 7 8
r i a l ............................................
T otal Charges for R o a d ­
w a y a n d T r a c k .................$ 3 , 0 2 6 ,1 5 9
O th er I t e m s A c c o u n t M a i n ­
te n a n c e o f W a y a n d S tr u c ­
tu res a r e ,
R e n e w a l s a n d R e p a ir s o f
B r id g e s a n d C u l v e r t s . . .
4 8 4 ,5 9 1
R e n e w a ls a u d R e p a ir s o f
B u il d i n g s ................................
3 9 0 ,7 0 9
R e p a ir s
o f D ock s a n d
W h a r f s .....................................
4 7 ,2 1 9
R e p a ir s o f F e n c e s , R o a d
C r o s s i n g s a n d S i g n s ........
1 5 1 ,3 8 2
Sundry
M is c e l la n e o u s
C h a r g e s ...................................
4 2 ,9 5 4

21

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

$ 2 3 1 ,0 3 7 1 6

3 0 1 ,9 3 2 3 0

8 7 ,4 6 0 5 2

$ 3 , 4 9 6 ,4 9 7 0 7

$ 4 7 0 ,3 3 7 8 6

75

7 0 5 ,2 5 4 5 6

84

4 8 9 ,0 0 1 7 3

39

4 1 ,5 5 3 4 3

87

1 6 7 ,3 9 6 8 2

1 6 ,0 1 3 9 5

33

4 6 ,7 9 0 8 2

3 ,8 3 6 4 9

T o ta l C r a r o e s A ccount
o f M a in t e n a n c e o f W a y
a n d S t r u c t u r e s ..............$ 1 ,1 4 3 ,0 1 7 3 9

$ 1 ,9 4 0 ,4 9 4 4 3

2 2 0 ,6 6 2 8 1
9 8 ,2 9 1 8 9
D e c . 5 ,6 6 5 9 6

$ 8 0 3 ,4 7 7 0 4

Am ong the extraordinary additions and improvements
embraced in the foregoing ta*ble in connection with Main­
tenance of W a y and Structures, the following may be men­
tioned apart:
Rebuilding and straightening main line from Honey
Creek. Iowa, west for a distance of 1 8-10 miles, $28,254 59.
N o t f ..—T h e l in e i n q u e s t i o n c r o s s e s t h e l o c a t i o n o f t h e o l d t r a c k a t
f o u r d i ff e r e n t p o i n t s a n d e lim in a t e s 1 0 8 d e g r e e s o f c u r v a t u r e .

New riveted steel lattice truss, double-track drawbridge
of heavy modern design, 200 feet in length, operated by
electricity, erected over the north branch of the Chicago
river at W ells Street terminal, Chicago, replacing a double
track steel truss bridge, 170 feet in length, $51,238 20.
Four new single track steel truss spans, aggregating 735
feet in length, erected in the bridge over the Mississippi
River at Clinton, Iowa, replacing iron spans, $50,194 25.
New steel draw span, 300 feet in length, erected in bridge
over the Mississippi River at W inona, M inn., replacing a
wrought iron structure; also the old shore span on the Min­
nesota side of the river replaced with a new steel deck
riveted plate girder, 80 feet in length, $41,451 45.
M A IN T E N A N C E O F E Q U IP M E N T .

N ew locomotives were purchased during the year“to re­
place others, as follows:
C o stin g .
. . . $ 5 2 ,5 9 9 4 8
. . . 1 6 9 ,1 7 7 16
...
9 5 ,1 1 2 9 6

5 P a s s e n g e r ...........................
1 5 F r e iit lit .................................
1 1 S w it c h i n g ............................

vJ*

...$ 3 1 6 ,8 8 9 60
31
T o t a l ......................
C h a rges f o r R e p l a c e ­
m e n t s , 'R e n ew a ls a n d
R e p a ir s o f L o co m o tiv e s
1 8 9 7 -8 .
w e r e a s f o l l o w s , v iz .:
1 8 9 6 -7 .
N ow lo co m o tiv e s p u r­
ch a se d to r e p l a c e
o t h e r s a s d e s c r ib e d
* 3 1 6 ,8 8 9 6 0
a b o v e .................................
1 ,0 8 5 .8 8 1 4 9
G e n e r a l R e p a ir s .............. $ 8 7 4 ,1 7 2 0 6

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

$ 8 7 4 ,1 7 2 0 6

$ 1 ,4 0 2 ,7 7 1 0 9

$ 5 2 8 ,5 9 9 0 3

4 ,2 5 0 0 0

4 3 ,5 0 0 0 0

3 9 ,2 5 0 0 0

$ 8 0 9 ,9 2 2 0 6

$ 1 ,3 5 9 ,2 7 1 0 9

$ 4 8 9 ,3 4 9 0 3

L e s °, A m o u n t r e c e iv e d
f r o m s a le o f o l d l o c o ­
m o t i v e s .............................
N e t C h a r g e ................

In crea se.

THE CHRONICLE

226

New Freiciit Cars were puroUased and built by the Company during
the year to replace others as follows, viz,:
Purchased.
1897-8.
1 ,3 0 0 Thirty-ton B ox Freight ears to re ­
place ears o f lessor ca p a city .......... $839,872 39
575 Stock ears .......................................
301,934 11
400 le e e a r s ............................................
204,572 62
1 0 0 Furniture cars....................
57,559 95
Built by the Company.
10 R efrigerator oars...........................
7,280 99
25 G ondola e a rs..............
9,644 39
130 Flat ears...........................................
42.124 08
T ota l......................................$1,262,988 53

2J540

Charges

for

Beplnce-

m cnls, B en cica ls

vide for the growing business of the Company,
be summarized as follows :

Increase.

1897-8.

1896-7.

New Cars purchased
aud built for replace­
ments..... ........
$596,150 43
Air Brakes for freight
30,4-11 09
e a r e q u i p m e n t ...............
A u t o m a t i c C o u p le r s f o r
f r e i g h t o a r e q n i p i u c u t 1 1 5 ,4 3 6 5 5
G en eral
R e p a ir s
of
fr e ig h t a n d w o r k oa rs
6 1 7 .6 3 5 7 9

$1,262,988 53

$666,838 10

4,434 36 Dee. 26,006 7 3
112,522 87 Deo. 2,913 68
6 1 1 ,4 7 3 4 3 D o e .

6 ,1 6 2 3 6

They m ay

Second Xu in Track—

On aooount of the construction o f V. 1-47 m iles o f second track, viz.:
Beverly to W atkins, Io w a ....... 14 09
$205,179 51
B ello Plaino to Tama. Iow a. .. 16 12
149,313 77
Barrington to H arvard, 111.... 31 '29
308,675 39
Evansville to M adison, W is .. 22 67
241,667 60
B am boo to Elroy, W ls.............. 37-30 '
13,916 90
$921,783 20

Elevating Tracks in City of Chicago, viz.:
M ontrose A venu e to Bi-yu Mawr A ve­
nue, Milwaukee L in e .........................
C lyboum Jot, (Arm ltage A venue) to

$10,201 29

Fulton Street, to 12tU Street, Rookwell Street Line, Galena Division..

385,993 42

Mayfair...............................................

and

Beptitrs of Cur E'iuipmem litre as follows.

[VOL. LX-VII.

629,352 54
1.025,547 25

Sundry Construction, eg.,-

Right o f W ay and additional depot
and yard grounds.............................—
New track laid as sidings....................
Block Signals and
Interlocking
S w itches...............................................
M iscellaneous C onstruction, Includ­
ing Buildings, D ocks, Shop M achin­
ery, R oad Crossings and other
item s...........................................................

$172,835 56
218,196 43
35,980 31

262,148 60
690,160 95

T o t a l a c c o u n t F r e ig h t
a n d W o r k o a r e q u ip ­
m e n t ................... $ 1 ,3 5 9 ,6 6 3
T o t a l R e p a ir s o f P a s ­
s e n g e r o a r s ........
3 2 8 ,0 2 3

86
88

T o t a l R e p la c e m e n t s ,
R e n e w a ls a n d R e ­
p a ir s o f C a r E q u ip ­
m e n t ............................. $ 1 , 6 8 7 ,6 8 7 7 4

$ 1 ,9 9 1 ,4 1 9 1 9

384,383 09

$631,755 33

Discount on Securities,.

56,359 21

Additional Equipment—500 G ondola cars and 150 Fur­
niture oars.....................................................................

$2,375,802)23

$688,114 54

O ther E xp en ses A ccou n t
M a in ten a n ce o f E q u ip ­
m en t w ere as fo llo w s ,

New Railroad— W isconsin Northern R y., Northern Jot-,
to Wabeuo, Wis., purchased Septem ber 10th, 1897___

$2,811,091 40
289,699 49
$3,100,790 89
670,363 23

Total........................................................................................$3,771,154 12

viz.:

R e p a ir s
of
Shop
M a­
c h i n e r y a n d T o o l s ...........
S u p e r i n t e n d e n c e .................
S u n d r y M is c e l la n e o u s
C h a r g e s ...............................

$2,637,491 40
173,600 OO

8 6 .3 4 6 6 9
2 4 2 ,3 8 6 8 6

102,048 32
253,713 40

15,701 63
11,326 54

1 4 6 ,8 4 4 5 5

154,697 47

7,852 92

T o t ' i, C h a r g e s A c c o u n t
or
M a in t e n a n c e o f
E q u i p m e n t ........................$ 3 , 0 3 3 ,1 8 7 9 0

$ 4 ,2 4 5 ,5 3 2 5 6

$ 1 ,2 1 2 ,3 4 4 6 6

In addition to the new locomotives and cars purchased
and built for replacements and charged to Operating E x ­
penses, as shown in the foregoing table, the equipment of
the company was increased during the year by the pur­
chase of 500 Gondola cars and 150 Furniture cars, the cost
of which, §289,699 49, was charged to Construction,
Twenty-four cars in the. passenger service which in last
year’s report were embraced under head of ‘ -First Class Pas­
senger Cars,” are this year transferred as follows: Twentythree to “ Combination Cars” and one to “ Mail Cars”— this
because of their having been converted into cars o f these
respective classes.
The total equipment o f the company on May 31st, 1898,
was as fo llow s:
L o c o m o t i v e s . . . ; ........................................................................................................... 1 ,0 1 0

C a rs—
I n P a s s e n g e r s e r v i o e ............................................................................
848
F r e i g h t s e r v i c e ................................................................................,3 5 ,6 3 3
*' C o m p a n y 's s e r v i c e ( w o r k a n d o t h e r r o a d c a r s ) ............
80
T o t a l n u m b e r o f o a r s ................................................................................. 3 6 ,5 6 1

O f the total number of cars in Freight service 24,202, or
67 92-100 per cent, are equipped with air brakes, and 34,763,
or 97 56-100 per cent, with automatic couplers.
LOCOMOTIVE SERVICE.

The service performed by locomotives, together w ith com ­
parisons with the preceding year’s results, are shown in
detail in the table “ Performance of Locomotives” included
in the statistics accompanying this report. The results m ay­
be summarized as follows :
1896-7.
1 8 9 7 -8 ,
In crea se.
T otal .Miles run by
locom otives..........33,091,522
3 8 , 0 1 8 ,0 3 9
4 ,9 2 6 ,5 1 7
Total cost for ser­
vice, Renowala,
R epairs and Sup­
p lies.........- ............$5,297,780 64 $6,808,262 80 $1,510,482 16
A verage coat per
mile run................160i100 cents
170iioii cents i e o ,00 cents
Fuel Consumed—
Tons or c o a l........ 1,268,718
1,533,232
264,514
Cords o f w ood . . .
11,044
11,103
64
Average cost o f
coa l p e r t o n .___
$149
$1 66
$017
Average cost of
Wood per cord..
2 17
2 28
0 11

P ercen t
age.

14S9.

28<n,00
i r ? f 100

Funds to m eet tUese expenditures were provided as fo llo w s :
B y the issue of $2,000,000 o f the N ow General M ortgage
Gold Bonds o f 1987, the same being the initial issue
o f $4,000,000 o f said bonds which were reserved in
the m ortgage to be applied for the express purpose o f
the enlargement, im provem ent or extension o f the
p rop erty ................................................................................... $2,000,000 00
From surplus railroad earnings.......... .................................
321,454 63
From land grant receip ts........................................................
289,699 49
660,000 0 0
From Wisconsin Northern R y. bon ds..................................
$3,771,154 12
TRACK ELEVATION.

The work of elevating the tracks of the Company at street,
crossings within the city limits of Chicago, as required by
certain ordinances, and to which reference was made in the
last annual report to the Shareholders, has been vigorously
prosecuted during the last fiscal year.
This work was
inaugurated by. the Company in May, 1895, and the results
accomplished to this date are as follows :
The main line has been elevated on the Milwaukee Divi­
sion from W rigktw ood Avenue to Bose H ill, a distance of
3 75-100 miles, including the construction of 21 subways atstreet crossings; on the W isconsin Division from Clybourn
Junction to Mayfair, 4 60-100 miles, with 25 subways and 1
footway ; on the Galena Division from California Avenue to
Forty-second Avenue, 1 85-100 miles, with 7 subways, and
the Rockwell Street line, l 66-100 miles, with 19 subways
or a total of 11 86-100 miles of main line within the city elevoted above the street level, and a total of 72 subways and
1 footway, replacing what would otherwise have been grade
crossings.
Portions of the elevated lines include three, four and five
tracks, with side tracks and tracks to industries, and the
whole amount of elevated track now constructed within the
city is equivalent to a total of 19 99-100 miles of elevated
double-track railway, with 10,655 lineal feet of double-track
steel bridging, resting on stone piers and abutments.
A city ordinance has been passed and accepted by the
Company, requiring the elevation of the Company’s tracks
on the Wisconsin Division from Chicago Avenue to W righ twood Avenue, a distance of 2 70-100 miles. Some prepara­
tory work on this section will be done during the present
season with the expectation of completing the elevation of
the tracks early in the year 1899.
WISCONSIN NORTHERN R A ILW A Y,

The Wisconsin Northern Railway, described in the annual
20S3{ 00
Sk1fin report of May 31st, 1890, as a projected line of about 115
miles, in the State of Wisconsin, to be constructed in the
l H h o o interest of the Chicago & North W estern Railway Company,
by progressive steps, as the convenience of the Company
501,
Average Miles Bun
should require, to open up and develop its land grant lands,
with Supplies—
was completed to the extent o f 46 11-100 miles on July 15th,
( To a ton o f coal or
cord o f w o o d ...
25»'Hoo
Dec. 12*100
2 4 «2100
46,0IOO 1897, and opened for traffic.
T o a pint o f o i l ...
The cost of the work finished and in progress amounted to
1701!00 Dec. 211100
1 9 ‘ »JOO
12*1100
To a pound o f
§670,303 28, and §660,000 Wisconsin Northern First Mortgage
w a s t e ..............
19323)00
In
c.
1622)00
9*2)00
1 7 7 2 *1 0 0
4jf 85-Year Bonds were issued on account of its con­
The relatively greater increase over the previous year for struction .
“ vWFiji
cost of service, renewals, repairs and supplies, compared
In anticipation of the completion and execution of the
with the increase in the mileage made by locomotives, is new “ General Gold Bond Mortgage of 1987,” this railway
largely occasioned by the extraordinary charge this year for was, oil September 10th, 1897, purchased and merged by the
new engines for replacements, described in detail elsewhere Chicago & North W estern Railway Company, and the W is ­
herein. The increased price of coal was occasioned by the consin Northern bonded debt of $660,000 was assumed and
strike o f coal miners during the summer o f 1897.
added to the schedule of bonds and obligations of the Chi­
CONSTRUCTION.
cago & North W estern Railway Company, to be provided for
Brief reference has been made to the disbursements dur­ in the new “ General Gold Bond Mortgage of 1987.”
ing the year for Construction. The charges amount in all
The acquisition of this branch line xvas the only increase
to §o,?71,154-12. The expenditures have been made to pro- of railroad mileage during the year, and its further extension

J o l t 80, 1898.] $

THE CHRONICLE

o f 16 44-100 miles, of which 14 93-100 miles are already graded,
will be made as found desirable and convenient by the Chi­
cago & North Western Railway Company.
M(LES OF RAILROAD.

The total miles of railroad in operation at the close of the
fiscal year ending May 31st, 1898, were 5,076-89 miles, being
an increase of 4611 miles over the mileage in operation at
the close of the previous year. The increase of 46-11 miles
is occasioned by the incorporation of the line from Northern
Junction, W is ., to W abeno, W is , constructed by the W is­
consin Northern Ry. and acquired by this company.
The classification of the mileage on May 31st, 1898, was as
follows, viz.:

227

of $402,500 Maple River Railroad Co. bonds, which were
canceled, and the addition of $660,000 Wisconsin Northern
Railway bonds, assumed by the Chicago & North Western
Railway Co. (of which $440,000 were sold for sinking fund
purposes and $220,000 were held in the Company’s treasury)
making the aggregate funded indebtedness $131,645,000 to
be provided for in the new “ General Gold Bond Mortgage of
1987,” '
“ GENERAL MORTGAGE GOLD BONDS OF 1987.”

The Board of Directors of the Company by resolutions
duly adopted at its meetings held July 8th and October 6th,
1897, and the Stockholders by the concurring vote of more
than two-thirds of the capital stock at a special meeting
Chicago & North Western Railway................................3,828-40 miles held September 22, 1897, authorized the issue of $165,000,000
P r o p r ie ta r y L in e s ow ned.
bonds, to be called “ General Mortgage Gold Bonds of 1987,”
Winona & St. Peter Railroad........................... 448 48
to be secured by mortgage or deed of trust upon all the lines
Dakota Central Railway....................................723-93
Princeton & Western Railway......... .............. 16 06
of the Company’s railroad in the States of Illinois, Iowa,
--------- 1,188-47 •'
Wisconsin and Michigan, with the equipment, franchises and
H eld b y L ea se.
appurtenances thereof, and also upon the lines of railroad of
. 60 02 “
St. Paul Eastern Grand Trunk Railway....................
the W inona & St. Peter Railroad Company and the Dakota
Total miles in the system
5,076-89 “
Central Railway Company upon their consolidation with the
Of the foregoing, 4,812-86 miles, equal to 94-80 per cent of Chicago & North Western Railway Company.
Of the $165,000,000 bonds authorized, $114,302,000 are re­
the total, are laid with steel rails.
The company also had in operation on May 31st. 1898, in served and issuable from time to time for the purpose of
addition to the above, 446-92 miles of second main track, all paying, retiring or refunding at or before maturity the out­
of which is laid with steel rails, and 1,694-10 miles of sidings standing existing bonds and funded obligations of the Chi­
and yard tracks, making a total mileage of all,tracks at the cago & North W estern Railway Company, upon 3,828-40
milss of its completed railroad; and $17,343,000 are also re­
close of the fiscal year of 7.217-91 miles.
.
The usual table showing the mileage of road in the various served and issuable for the like purpose of retiring the ex­
isting bonded indebtedness of its allied proprietary lines,
States will be found further on in this report.
The report of the Land Commissioner for the year ending the W inona & St. Peter Railroad Company and the Dakota
May 31st, 1898, gives the transactions of the land department Central Railway Company, covering 1,172-41 miles of addi­
for the year. From this it appears that the total quantity of tional railroad, upon the consolidation of the same with the
land sold amounted to 17,847 42-100 acres and 661 town lots, Chicago & North W estern Railway Company, making to­
the consideration reoeived payable in cash and in time in­ gether an aggregate of $131,645,009 of the bonds to be used
stalments being $225,596-47. The acreage sold from the re­ and applied expressly for these purposes upon 5,000-81 miles
of consolidated railroad.
spective grants was as follows:
Reserving out of the $165,000,000 the said aggregate of
C onsiderA vera ge
A cres.
a t io n .
p e r A c r e . $131,645,000 bonds issuable for such purposes, and there re­
Minnesota Grant................... 11,6152S100
$121,478 86
$10 45
mains a balance of $33,355,000 bonds, which m ay be issued
Michigan G r a n t....................... 2,r>98S7,00
15,435 84
5 95
in manner following: $4,000,000 thereof may be issued in
Wisconsin Grant................... 2,38ivi100
15,293 39
6 43
such amounts and at such times as they shall be called for
Ashland Division Lauds... 1,252'*s100
2,081 54
1 66
by resolution of the Board of Directors or Executive Com­
g^tTotal acres sold............ 17,847-<2]oo
$154,289 63
mittee of the Railway Company requesting their certifica­
Town Lots sold, number 661...................... .
60,339 65
tion and delivery by "the Trustee, and the residue of the au­
10,967 19
Miscellaneous Lands............................................
thorized issue of $165,000,000, amounting to $29,355,000
$225,596 47 #
bonds, m ay be certified by the ’Trustee and delivered to the
The gross receipts from cash sales, deferred payments, in­ Railway Company from time to time in such amounts, not
terest on deferred payments, trespass and stumpage, were exceeding $1,000,000 in any one year, as the Railway Com­
$4 55,857 22, inclusive of sales of miscellaneous lands. The pany m ay call for by resolution of its Board or Executive
collections account of land grants and town lot companies Committee, with the certificate of its President and Chief
are credited to Land Income. The net amount of such re­ Engineer, showing that a sum equal to or greater than the
amount of bonds called for, has been expended in permanent
ceipts for the year was $319,245 19.
The total acres remaining in the several grants May 31st, improvements and additions, including equipment.
The mortgage is dated November 1st, 1897; is executed to
1898, amounted to 832,178 79-100, of which 153,979 33-100
acres were under contract for sale, leaving 678,199 46-100 the United States Trust Company of New York and John A .
Stewart, as Trustees, and provides for the certification of the
acres unsold
bonds by the Trust Company; and it also provides that the
CAPITAL STOCK.
Capital Stock was increased $7,000 during the year ; this outstanding existing bonds and obligations shall be paid, re­
increase being $3,500 of preferred stock and $3,500 of com­ tired or refunded at or before maturity, and in no event be
mon stock issued for the conversion of $7,000 of first mort­ extended, so that thereafter the new mortgage may be a
gage 7 per cent bonds of the Peninsula Railroad of Michigan. first mortgage upon the railroad and franchises and other
property specified in the mortgage, including equipment and
T o t a l o f C a p i t a l St o c k .
income.
Preferred stock and scrip outstanding
The bonds are in coupon and registered form, and will
May 31st, 1898 .................................... $22,387,160 00
mature on November 1st, 1987, and will bear interest at such
Preferred stock and scrip owned by the
rate, not exceeding five per cent per annum, as from time to
Company, May 31st, 1898......................
3,794 56
-----------------------$22,370,954 56 time the Board of Directors m ay determine and as shall be
Common stook and scrip outstanding
designated in the bonds when issued. The coupon bonds are
May 31st, 1898........................................$39,088,677 92
81,000 each, numbered from 1 upwards, dated November
Common stock and scrip owned by the
Company May 31st, 1898...................... 2.333,688 05
1st, 1897, with interest payable semi-annually on May 1st
----------------------- 41,420,365 97 and November 1st, and m ay be registered as to the principal;
Total capital stock May 31st,1898................................... $63,791,320 53and the registered bonds, without coupons, are in denomina­
Total capital stock May 31st,1897................................... 63,784,320 53tions of $1,000, $5,000 and $10,000, numbered, respectively,
from 1 upwards, and are dated as of the day of their issue,
Increase.....................................................................................
$7,000 00
with interest payable quarterly, on February 1st, May 1st,
FUNDED DEBT.
August 1st and November 1st. The coupon bonds m ay be
Changes of importance have taken place during the fiscal converted into registered bonds, and registered bonds upon
year in the Funded Debt of the Company. The amount out transfer on the books of the Company and surrender may be
standing as shown in the Annual Report of May 31st, 1897, exchanged for other registered bonds of like amount and
was $131,387,500, including $2,712,500 live bonds in the sink­ rate of interest to be issued therefor.
Both principal and interest of the bonds are payable in
ing funds and including also the funded indebtedness of the
proprietary lines— the Winona & St. Peter and Dakota gold coin of the United States of the present standard of
Central railways— whose operations and mileage are em­ weight and fineness, without deduction for any tax which
braced in the system of the Chicago & North Western Rail­ the Railway Company m ay be required to pay or retain
therefrom under any laws of the United States, or of any
way Company.
.
This aggregate indebtedness consisted of forty-one differ­ State, County or Municipality therein.
The rate of interest on the first $20,000,000 of the bonds is­
ent descriptions of bonds and debenture obligations issued
sued
and
to
be
issued
is
3%
Per
cent
per
annum,
and
this
from time to time during the past thirty-three years of the
growth, enlargement and extension of the property, and amount was sold-by the Company under contract, on July
matured and will mature in various amounts at different 9th, 1897, for future delivery for the purpose of paying, re­
tiring or refunding various descriptions of its outstanding
periods, ranging from July 1st, 1897, to May 1st. 1933.
Measures were set on foot early in the year 1897 to prepare bonds maturing during the next five years, approximating
a comprehensive and feasible plan for refunding the in­ in amount $18,000,000; and the balance of the sale is tor or
debtedness of the Company at or before maturity, and the on account of the betterment or increase of the Company s
plan was fully perfected and put in operation by the crea­ property by construction of second main tracks, addition to
tion of the new ‘ -General Gold Bond Mortgage of 1987,” equipment and other permanent works and improvements.
In this sale privilege was given the purchasers to refund
which took effect on November 1st, 1897.
Prior to the execution of the mortgage, the above-men­ any of the following “ existing bonds,” in anticipation of
tioned aggregate indebtedness was changed by the payment their maturity, which fall due within that period, to wit :

THE CHRONICLE

228

[VOL L X Y Il

Ohii\ & Mihv.Ky. l$ t snort-7 p- e. bonds, due July 1, i S0$. $1,700,000 f
Peninsula RU, of Mlohtg&D 7 , bonds, due Sept. 1 , 1S9B...
09,000
Iowa Midland 1st uiortitiure 8°o bond*, duo <lot 1 ,1 9 0 0 ,.,,
1.350.000 I Reports of these companies June 30, 189$, compared with
Eoeanabss ,fc l.nk,' sup. 1*1 mort. '
b’ds. due July 1. 1901
720,000 I
C.tfeN.W. lowaDlv, 1st snort., 4 Vl> bond*, due Apr. 1 .1 9 0 2 1,411.000 f June ID, 1897, and Dec. 31,1897, are as below: The reports for
C. A X . W . Gen. Consol. Gold 7?# bonds, due Dee. 1 , 1902.. 12,336,000 Dec. 81,1896, are in the .Tan. 29, 1898, C h r o n i c l e , and those
for June 80, 1896, in the July 24, 1897, C h r o n i c l e ,
$17,885,000
AMERICAS DEPOSIT & LOAN COMPANY.

NEW YORK AND BROOKLYN T R U S T C O ’S,

The saving o f interest to the Company when the paym ent,
retirement or refunding of the above §17,585,000 *• existing
bon ds" shall have been accomplished by the issue and sub­
stitution of the new 3i| per cent bonds will amount to
$580,500 annually, and proportionately from year to year as
parts o f the same are refunded.
During the year $1,960,000 of the new' 8J| per cent bouds
were issued and delivered on account o f the $20,000,000
bonds sold ; $2,000,000 of the issue were a part of $4,000,000
specially reserved in the mortgage to be called for by reso­
lution o f the board of directors, the proceeds whereof to be
expended for the betterment or increase of the company’s
properties, and §3,960,000 were issued against a correspond­
ing amount o f old bonds as shown in the subjoined table,
taken up, retired and deposited with the Trustee and by it
stamped "N o t Negotiable. Held in trust for the purposes
declared in the mortgage " and as additional security there­
for. until the old issues of which they are a part shall be
fu lly retired and canceled as the mortgage provides. Thus
the aggregate o f bonds funded to May 31st, 1898, and the
aggregate o f 3' 7 per cent bonds issued therefor are equal in
amount, to-w it: $3,960,000.
The changes in funded debt during the year m ay be sum­
marized as follows, v iz,:
BONDS RETIRED.
Maple River RR. 1st Mortgage bolide......................... .

$81-1,104
6,740,990
16,242
366,904
13,427
302,033

2,960,000

00

Dec. 31,'97.
$652,059
0,034,135
31,883
96.219
13,503
353,023

Dili f 3 0 .’97.
$78,563
352,059
5,817,735
8,887

35,151

22,428

Total....................................... $8,308.9 U

$7,803,250

$6,989,502

$500,000
510.072
7,103,781
195,081

$500,000
391,519
6,736,236
172,495

$500,000
282,421
5,938,451
268,830

Total.................... ................. $8,308,914

$7,803,250

$6,989,502

Tot. amt of profits during year. ‘ $219,593
$391,523
126.430
I nt* credited dep’rs same per’d.
*72,085
41,311
Exp. ot institution. same par’d.
Mfi.959
Amt.of div.-. deol’d, same per’d
*15,900
25,000
7,103,78V
6,730,233
A mt.of dep.on wli’h in t . is a i l 'd .
1 *3 to 4%
l % t o 4%
Rate o f interest...........................
ATLANTIC TRUST COMPANY.

$180,961
62,599
19,020
15,000
5,938,451
U s to 4%

L ia b ilities.

Onpi till sto ck ......... ...................
Undivided -profits ....................
Gatfi dop’its, pay'le o n deni'ml
Other liabilities..........................

S u p p lem en ta ry.

R esources.
J u n e 30, ’93.

D ec. 3 1 ,’97. J u n e 3 0 , '97.

§244,000
1,056,88#
2,581,469
116,241
83,892
3.518
808,437
557,057

Bonds and. mortgages................
Stock invest’s (market value)..
Amount loaned on collaterals.
Amt. loaned on pers’i seourlt’s
Real estate (estimated value)..
Ca3honhand______ _________
Cash on deposit.........................
Other assets................

Iowa Midland Ry. 1st Mortgage............ 222,000 00
Esoanaba & Lake Superior Ry. 1st Mort. 205,000 00
C. & N. W. Rv. 1st Mort. (Iowa DLv.) . . . . 550,000 00
C. & X. W. Ry. Gen. Consolidated Gold.. 1,544,000 00
C .& X.W . Ry.25 yrs.Debentures of 1909 100,000 00
Wisconsin Northern Ry. 1st Mortgage.. 220,000 00

Total...................... ................ $5,449,559

§3-17,000
977,509
3,572,‘•37
80,494
87,032
1,518 >
4 43 ,250}
594,649
$6,104,289

§229.500
1,235,265
3,603,047
115,744
86,141
0ft1 Atr7
211,133
$6,442,5.27

L ia b ilities.

33,362,500 00

Capital sto ck ............................. $1,000,000
$1,000,000
Surplus fund_________
250,340
200,449
Deposits in trust........ ............
31,473
172,3’ 4
General dep’ is, pay. on dem’d.
3,910,776
4,460,655
Contingent, fund set apart.......
............
240,000
Other liabilities..........................
256,970
30,811

Chicago & North Western Kail why
per
cent General Mortgage Gold Bonds of 1987 is­
sued as follows :
In lieu of sundry bonds surrendered and
retired as shown above........................... $2,960,000 00
For Construction purposes aa described
elsewhere................................................... 2,000,000 00
Wisconsin Northern Ry. First Mortgage Bonds (issued
for construction of that road) assumed by the C. &
N. W. Ry. Co, In the purchase of the property............

J u n e 3 0 /9 8 .

11,601
295,138
395
125,126

3102,500 00

B o n d s S u r r en d e re d in Exchange, fo r C. <£ K . JT. R y . 3*2
p e r cen t G eneral M ortga ge Gold B on d s o f 1987,
Chicago & Milwaukee IiV. 1st Mort___ _ §59,000 00

Total Bonds Retired........................................................
BONDS ISSUED A N D ASSUMED.

Resources.
Bonds aud m o rtg a g e s....,.......
Stock investin'ts (market value)
Amount loaned on collaterals.
Am loaned on pers’I securities.
Real estate (estimated value).
Cash on hand.......... . . . . . . ___
Cash ou deposit..........................
Overdrafts...................... .............
Other assets...............................

Total..............

$5,449,559

$1,000,000
526.036
80,930
4,749,287
86,274

$6,104,289

$6,442,527

Tot.am't of profits during year*
*.$127,086
$239,371
lilt.credited dep’rs same per’d,
*40,599
8*,524
Exp. of instit'on, same period.
*21,836
49,063
Amt. of cUvs. decl'd, aatim perVI
*.............
80,000
Amt.of dep.on which infc.Ls ail’ d 3,500,000
3,857,994
Rate of interest on same,......... 1 to 3 p. o. l % t o 3 p. e.

$262,S92
92,406
51,571
80,000
4,111,0251 to 3 p. <?.

S u pplem entary.

$4,960,000 00
660,000 00

Total Bonds issued and assumed................................. $5,620,000 00
Net Increase In Funded Debt.......................................
$2,257,500 00
Total Funded Debt May 31st, 1897............................ <131,38?,500 00
Total Funded Debt May 31st, 1898........................... $133,645,000 00
The aggregate of “ existing bonds" and obligations
shown in the schedules of indebtedness of the new
General Gold Bond Mortgage of 1987, at the date of
its execution on Nov. 1st, 1897, was...................... .. $131,645,000 00
The amount of now 3hj per cent Gold Bonds of 1987,
issued out of the $4,000,000 bonds specially re­
served in the mortgage, to be issued as called lor by
the Board of Directors, ia...............................................
2,000,000 00

BROOKLYN TRUST COMPANY (BROOKLYN.)
R esources.
J u n e 30,,*9$.

Bonds and mortgages........ .
Stock invest’s (market value)..
Amount loaned on collaterals.
Ain’t loaned on pers’i seetirii's*
Real estate (estimated value)..
Cash on hand. - ..........................
Cash on deposit_______________
Other assets.......... .......................

B ee. 31,'97. J u n e 30, ’97-

$360,450
2,589,261
8,014,56s
987,643
133,954
116,371
1,072,821
239,822

$146,950
2,435,263
8,337,528
1,025,088
135,4 53
91,033
954,112
276,821

$62,500
3,086,041
7,673,718
* 996,326
128,1-23
107,447
997,890
260,369

Total Funded Debt May 31st, 1893........................... $133,645,000 00
233,000 00
Of this amount the Company holds in its treasury___

Total.................................... $13,544,890

$13,402,248

$13,312,414

Leaving outstanding, incl. $3,152,500 in sinking fnnd,$133,412,000 00

Capital s t o c k ........................... $1,000,000
Surplus i’d & undivided profits. 1,546, ’>01
862,890
Deposits in trust.. . . ........
General deposits pay. on &em. 10,045,175
Other liabilities......................
90,321

$1,000,000
1,569,445
569,578
10,172,112
91,L13

$1,000,000
1,530,536
647,717
10,037,919
96,242

.$13,544,990 $13,402,248

$13,312,414

O f the §233,000 o f bonds held in the treasury, §136,000 are
bonds drawn on account o f sinking fund and bonds surren­
dered for conversion, and are on hand fundable for new 31^
per cent General Mortgage Gold Bonds ; the balance, §97?000, is purchased bonds.
A m on g the assets of the Company in their last year's
annual report were the entire issue of §8,000,000 of Milwau­
kee Lake Shore & Western Ry. Co. 5 per cent General Mort­
gage bonds, §200,000 M. L. S. & W . Marshfield Extension
bonds and §207,000 M. L. S. & W , Extension and Improve­
ment bonds, together m aking §8,407,000 bonds, all of which
were acquired in the purchase of the property and assets of
that Company’s railroad in 1893,
These bonds, however, were not included in the Funded
Debt o f the Company, and upon the creation of the “ Gen­
eral Gold Bond Mortgage of 1987“ were omitted from the
schedule of “ existing bonds,” to be provided for, and were
disposed of as follow s: The §8,000,000 of M. L. S. & W .
General Mortgage bonds and the §200,000 Marshfield Exten­
sion bonds were canceled and eliminated from the accounts
and assets, and the §207,000 of M. L. S. & W . Extension and
Improvement bonds were paid over to the Trustee of the
same issue of bonds, as advance payments to the annual
sinking fund thereof, and were also canceled.
Appended hereto [in pamphlet rcporl J will be found the
usual statements, accounts and statistics relating to the
business of the year and the condition of the Company’s
affairs on May 31st, 1898, including those of the Fremont
Elkhorn &. Missouri Valley Railroad Company,
M A R V IN H U G H ITT,

President.
Office of the
C h ic a g o & N o r t h W e s t e r n R a i l w a y C o m p a n y ,
J c l y 18th, 1898,

L ia b ilities.

Total.........................

S up plem enta ry.

Tot.am’t of profits during year. ’’$239,511
Int.credited depos's Same per’d
*109,987
Exp.of institution, same per’d.
*42,957
Ain't of divs.dcel’d, same per’d
*80,000
Amt.of dep.on whichint is ail’d 10.631,668
Rate of interest............................ 2 to 3 p. c.

$167,811
211,276
81,383
160,000
10,5M ,6L4
1 to 3 p. o.

$500,449
194,351
85,281
160,000
10,370,545
1 to 3 p. c.

CENTRAL TRUST COMPANY.
R esources.
J u n e 30,’Ok
Bonds and mortgages...............
$313,817
Stock invest’s (market value).. 1 4 ,129,002
Amount loaned on collaterals- 28,003,412
Ain’t,loaned on pers’i securit’s.
460,000
Real estate (estimated value)..
898,435
Cash on hand ...............
8,593
Cashou deposit....................
4,763,111
Other assets...............
544,256

Total.....................

B ee. 31, '97.

J u n e 3 0 /9 7 .

$86.3«5
10,977,397
27,137,354
761,000
850,000
6,053
3,167,631
671,548

$L23,840
10,367,936
18,203,387
820,600
850,000
8,657
6,642.335
448,825

$49,120,626 $13,657,318

$37,165,580

L ia b ilities.

Capital Stock.............. .
$1,000,000
Surplus fund.......... ...................... 7.494,678
Deposits in trust..................... .
8,907,847
General dep'ts, pay. onflein’ d - 31,350,«56
Other liabilities... - .....................
367,145

$1,000,000
7,122,480
7,619,278
27,592,337
323,253

$1,000,000
6,679,840
7,502,175
21,836,345
447,220

Total...................... ................$49,120,626

$43,657,348

$37,465,580

Sup p la n e n la r y .

Total am t profits during year. *$1,257,720
Int. credited dep’s same per’d*335,740
Exp. of iuHtinit’o. same per’d.
*99,549
Am’ tofdivs. decl'd.sameper’d.
*250,000
Amt.of dep on which int.i* ail’d 31,761,768
Rate, of interest. ...................... 1 to 3 p. c.

$1,834,990
673,416
181,417
500,000
30,438,831
1 to 3 p. o.

* For the six months only, Jan, 1 to J vine 30.

$1,620,093
519,842
172,721
500,000'
26,434,952:
1 to 3 p. o*

THE CHRONICLE.

J dia * 30, 1888.1

COLONIAL TRUST COMPANY.
Resources.
June 30 /98.
.
$192,500
. 1,688,836
. 3,331,534
168,814
A m ount loaned on personal securities..
27,527
•Cash on hand.............................. ...............
. 2,121,673
149,991
Other assets..
Liabilities.
Surplus fu nd.........
U ndivided profits.
D eposits in tru st..
General deposits p
Other liabiH ties...

Dec. 31,1897.
$192,500
1 ,6 2 2 /9 0
2,484,709
25,000
9,051
355,605
86,252

. $7,680,875

$4,775,907

$1,000,000
500,000
87,669
34,370
. 6,035,968
22,868

$1,000,000
500,000
17,408
4,683
3,253,811

. $7,680,875

$4,775,907

*$89,299
T o ta l amount o f profits during the year.
-27,881
Interest credited depositors same period
'45 ,4 1 0
Expenses o f institution, same p e rio d ......
A m t. o f deposits on which int. is allow ed ... 6,014,151
Xte to 3 p. c.
Rate o f interest.................................. w
CONTINENTAL T R y g T COMPANY.
Resources.
June 30, ’98. Dec. 31, ’97.
Bonds and m ortgages...............
$75,000
$75,000
S tock invest’s (market value)..
1,570,841
1,535,381
Am ount loaned on collaterals.
4,153,965
4,127,372
Amt. loaned on pers’l securit’s.
300,328
213,610
R eal estate (estimated value).
123,500
123,500
Cash on hand...............................
8,960
3,338
Cash on deposit...........................
734,868
784,687
Due from banks....... .................
24,634
32,000
O v e r d r a fts ...............................
2.289
531
40,303
31,465
Other assets................................
T o ta l....................................... $7,040,688
Liabilities.
Capital stock................................
$500,000
250,000
Surplus fu nd................................
146,448
Undivided profits........................
483,482
Deposits in tru st.........................
General dep’ts, pay. on dem ’d. 5,492,108
103,650
Other liabilities...........................

June 30 /97.
$ 88 ,0 0 0
1,329,209
3,855,786
322,280
121 ,00 0

4,515
780,325
105,231

$6,926,384

$6,606,346

$500,000
250,000

$500,000
250,000
103,666
419,374
5,216,393
36.910

1 12 ,10 2

500,918
5,550.830
12,934

$3,926,884
T ota l....................................... $7,040,683
Supplemen lary.
T ot.am ’t o f profits during year. "$174,785
$202,457
Int. credited dep’s same per’d..
'67,5 76
121,190
E xp. o f institution, same per’d.
*30,784
5 a, 164
Am t.divid’d sd e crd , same per’d
*15,000
30,000
A m t.ofdep.onw h ich int.is ail'd 5,513,315
5,474,807
Rate o f interest.......................... 1 to 3 p. c.
1 to 3 p. c.
FARM ERS’ LOAN & TRUST COMPANY.
Resources.
June 3 0 /9 8 . Dec. 3 1 /9 7 .
Bonds and m ortgages................
$951,910
$910,000
Stock invest, (market v a lu e).:. 6,441,400
6,641,400
A m ount loaned on collaterals . 21,323,661
2 2 ,3 7 0 /6 6
A m ’ t loaned on ners’ l securities 2,337,000
3,000,000
Real estate (estimated value).. 1,000,000
1,000,000
Cash on hand.......................
10,393
865
Cash on deposit........................... 10,308.851
4,316,036
•Other assets................................
1,060,220
1,095,567
T otal........................................ $43,483,435
Liabilities.
Capital sto ck ............................... $1,000,000
Surplus fu nd............................... 4,817,616
D eposits in trust........................ 37,506,878
Other liabilities...........................
158,941

$27,818
10,863
41,944
• 3.122,875
1% to 3%

$6,606,346
$231,575
107,218
60,698
30,000
5,283,054
1 to 3 p. c.

June 3 0 /97.
$915,000
6,758,400
17,737,260
2,700,000
1,000,000
3,198
7.261,032
1,076,298

$ 1,000,000
4,589,856
31,697,325
164.007

T otaL....................

...........$43,483,435 $39,334,284 $37,451,188
Supplem en la ry.
$1,491,031
T ot. am’t o f profits during year *$675,843
$1,466,555
590,917
Int. credited dep’ s, same per’d.
*?03,627
6 3 7 ,'0 1
178,717
179,8f'7
E xp. of institution, same per’d.
8-,9 6 3
300,000
Am t. o f d ivs.d ed ’ d.saroe per'd.
150,000
300,000
28,962,913
A int.ofdep.,on which int.isail’d 33,053,609
29,375.018
p. c. 1 to 4 1* p. 0.
R ate o f interest.......................... 1 to 4 p. o. 1 to
F IFTH AVEN U E TRUST COM PANY.
June 30 /98.
Resources.
Stock investm ents (market value)............................................
$853,175

Amount loaned on collaterals.................................................

A m ount loaned on personal se cu ritie s....................................
Cash on hand...................................................................................
Cash on deposit..............................................................................
Other assets.....................................................................................

1,496,083
896,042
11,109
529,397
31,108

T otal........................................................................................... $3,816,914
Liabilities.
$500,000
Capital sto ck ..............jk.................................................................
Surplus fu n d .* ................................................................................
500,000
Undivided profits..........................................................................
40,600
General deposits payable on d e m a n d .....................................
2,764,124
O ther liabilities..............................................................................
12,190
T ota l........................................................................................... $3,816,914
S u p p le m e n ta r y .

Total amount o f profits dUTing the y e a r ..'.............................
*$55,850
Interest credited depositors during same p eriod .................
Expenses o f institution, sam e p eriod .....................................
*13,134
A m ount o f deposits on which interest is allow ed .................
2.700,311
R ate o f interest............................................................................. l ^ t o S p . c.
FRAN K LIN TRUST COMPANY (BROOKLYN).
Resources.
June .30,’98. Dec. 31, ’ 97. JuveJSO,’ 97.
Bonds and m ortgages................
$470,300
$642,100
$585,100
Stock invest’s (market value)..
2,889,458
2,458,338
Am ount loaned on collaterals.
1,498,158
2,470,862
Ain’ t loaned on pers'l securities
1,115,644
887,990
606,529
B eal estate (estimated v a lu e)..
492,642
483,585
437,986
Cash on hand..............................
53,680
69,439
36,230
Cash on d eposit...........................
1,305,601
860.270
-Other assets..................................
45,012
18,751
60,387
T ota l....................................... $7,870,495

$7,926,335

* For the six months only, Jan. 1 to June 30.

FR AN K LIN TRUST COMPANY. (BROOKLYN.)—Concluded.
,
.
L ia b ilitie s .
J u n e 3 0 /9 3 . Dec. 3 1 ,’ 97. .Am;?.30 ’97
Capital stock ............................... $1,000,000
$1,000,000
$1,000,000
Surplus fu n d ... ........................ 1,057,651
979,568
932 676
Deposits m t r u s t ........................
126,912
143,984
-701749
General deposits, pay. on dem.
5,622.510
5,759,107
5 202’740
63,422
43,676
’ 40*421
Other liabilities...........................
^

T ota l.......... ........................... $7,870,495

$7,928,335

1 ^ 37 7~ 586

>$229,015
$341,949
*57,841
117,926
*41,001
61,625
*40,000
80,000
5,749,345
5,826,467
1 to 4 p. c.
1 to 4 p. c.
TRUST COMPANY.

$283 646
116’ 849
57’298
80’000
5,143’,575
1 to 4 p. o.

S u p p le m e n ta r y .

Tot.am’ t o f profits during year
Int. credited dep’s. same per’d.
Exp. o f institution, same per’d.
Amt. o f divs.decl’d.same per’d.
A m t.of dep.on w hichint.is ail'd
Rate o f interest...........................
GU A R A N TY

R esou rces.
J u n e 30, ’98. Dee. 3 1 ,’97. J u n e 30 /97.
Bonds and m ortg ag es................
$67,638
836,638
$35,000
Stock invest’ts (market value). 13.2S3.070
8,503,140
8,241,165
Amount loaned on collaterals.. 7,789,443
4,723,453
5,806,729
A’m’ tloaned on pers’nT sec’ t’s
318,145
90,000
338,240
Real estate (estimated value)..
159,384
157,787
156,368
Cash on h and...............................
90,212
62,659
67,653
Cash on deposit...........................
2,982,063
3,977,035
3,502,893
Overdrafts....................................
113
............
............
Due from banks..........................
28.621
.........
Other assets.................................. 1,040,367
1,289,346
6497622

T o t a l........................................$25,759,056

$18,840,108

$18,797,670

Capital stock ................................ $2,000,000
Surplus fu n d ................................
2,500,000
Undivided profits........................
406,823
DeDOsits in trust..........................
518,439
General deposits, pay. on dem . 19,867,150
466,642
Other liabilities...........................

$2,000,000
2,500,000
320,402
2 3 4 /4 8
13,490,395
294,763

$2,000,000
2,000,000
651,075
212,480
13,697,232
236,883

T o ta l....................................... $25,759,056 $18,840,103

$13,797,670

L ia b ilitie s .

S u p p le m e n ta r y .

Tot. am’ t. o f profits during year. *$505,595
$1,030,537
$959,238
Tut. credited dep’ s, same per’d.
*191,848
329,105
326,149
E xp. of institution, same per’d.
*.98,175
160,263
142,505
Am’to fd iv s.d eel'd same per’d .
*120,000
220,000
300,000
Am’ t o f dep.on which int.ispd. 17,731,187
11,985,927
12,844,524
Rate o f interest.......................... 1 to 4 p. c.
1 to 4 p. c.
1 to 4 p. 0 .
HAMILTON TRUST COMPANY (BROOKLYN).
R esou rces.
J u n e 3 0 /9 8 . D e c . 31, ’97.

Bonds and m ortgages................
Stock invest’s (market value)..
Amount loaned on collaterals.
Ain’t loaned on pers’ l seourit’s.
Real estate (estimated value) .
Cash on h a n d ..............................
Cash on d e p o sit..........................
O verdrafts....................................
Other a s s e ts ................................

$616,099
1,576,751
2,016,104
160,014
............
45,518
1,178,686
4,614
120,076

T ota l....................................... $5,717,892

J u n e 3 0 /9 7 .

$686,633
1,416,542
2,735,859
42,375
15,082
33,934
1,406,622
—
89,042

$663,533
1,408,362
2,40 4,432
93,926
14,888
40,299
644,824
........
58,200

$6,426,089

$5,333,464

L ia b i l i t i e s .

$39,334,284 $37,451,188
$1,000,000
4,731,132
33,445.303
157,349

229

$7,377,586

Capital stock ...............................
Surplus fund................................
Undivided profits......................
Deposits in t r u s t ........................
General deposits, pay. on dem .
Other liabilities.........................

$500,000
500,000
87,011
93 ,( 95
4,418,3 47
114,439

T o ta l....... ............................... $5,717,892

$500,000
500,000
67,327
205,456 >
5,094,934 £
58,372
$6,426,089

$500,000
450,000
77,694
* 9ft1 on*
’
’
44,465
$5,333,464

S u p p le m e n ta r y .

Tot.am ’ t o f profits during year.
*$120,608
$200,970
$231,762
Int. credited dep’s, same por’ d.
*63,408
i 17,024
112,661
Exp. of in stitu te, same per’d .
*22,592
46,055
46,387
Ain’t o f divs. d ecl’d.same per’d.
*20,000
40,000
40,000
Ain't o f dep.on w hich ip t. is ail’ d
4,447,834
5,315,480
4,261,305
Rate of interest...........................l ^ t o l p . c. l ! 2 t o 4 p . c. 4 h » t o 4 p . 0 .
HOLLAND TRUST COMPANY.
R esou rces.
J u n e 30,’ ’ 93.D e c . 3 1 /9 7 .

Bonds and m ortgages................
Stock invesciu’ is market value
Amount loaned on collaterals.
Amt. loaned on pers’l secu ru ’s
Real estate (estimated, value).
Cash on h a n d .......... ....................
Cash on d eposit..........................
Overdrafts.. . . . . . . . . . . ....
Other assets................................
T o ta l.................. l..................

$>1,234
510,532
213,916
490
412,175
1,276
1 5 /1 3
3,590
27,825

$11,234
429,9^7
230,404
600
409,215
713
38,812
742
19,327

$1,196,504 $1,150,199

$1,141,044

L ia b ilities.
$ 5 0 0 ,0 0 0

Capital stock ..............
Surplus fu n d ...............................
Deposits in tru st..... ................
Geu’l dep. payable on demand
Other liabilities..........................
T otal.......................................
/

J u n e 30 /97.

$11,234
468,858
216,704
750
412,419
J,551
1,625
5,597
31,461

$500,000
67,385
75,932
85,297
421,535

$500,000
55,368
32,618
131,456
4 2 1,602

$1,196,504 $1,150,199

$1,141,044

78.526
61,639
98,302
457,989

S u p p le m e n ta r y .

Tot. amt. o f profits dur’ g year.
$19,091
$3,460
*
$35
Int. credited dep’s, same ner’ t
2,047
3,515
S.toQ
Expens, o f instit’n. same p^r’d
12,324
23,147
23,764
Amt. o f dep. by ord. o f C ourt..
1 2 /3 8
....... .
•••••■••
Amt. o f dep. on wh. int. allow ’d
110,234
112,290
114, L, 4
Rate of interest.......................... 2 to 4*9 p. c.2 to
p. c.
- to 4 p. c.
KINGS COUNTY TRUST COMPANY (BROOKLYN).
R esou rces.
J u n e 3o, ’99.

Bonds and m ortgages------------Stock invest’s (market value).
Amount loaned on collaterals.
Am’ t loaned on pers’l securit’s
Real estate (estimated value)..
Casli on hand ...........................
Cash on deposit...........................
Other assets................................

„ _

D e c . 3 1 /9 7 . J u n e 3 0 /9 7 .
$199,376
1,712,461
1,104,781
I ’ YqX’ q ??
4,287,348 4,4 /0,4 19
792,411
7(Y*>006
o in n n o
2 1 0 ,0 )0
210,000
210,000
68.007
119,431
52,986
416,246
261,977
404,b40
73,505 ___ ______________ 248,22o

Total....................................... $7,799,354 ' $7,917,549
Capital stock................................“
Surplus fu n d ................................
Undivided profits.......................
Deposits in trust........................
Gen'l deposits, pay. on demand
Other liabilities.........................

oO

$ 5 0 0 ,0 0 0
700,000

$7,947,549

$6,962,243

7 5 0 ,0 0 0

5 9>652
160,439
79,828

T otal........................................” $7^799,354

$6,962,243

$500,000
750,000
aJo’ aa?

8 0 /2 9 7

*
4 77 A U
5,687,819
4 , j 7 ’ <194
1 2 6 ,7 3 1 ______

* Forc e six months only, Jan. 1 to June 30.

THE CHRONICLE.

230

KINGS COUNTY TRUST CO. (BROOKLYN .) -C oncluded)
.rime SO, '98. Dee. 31, ’97. June 30, ’97.

Supplementary.

$257,930
$240,6 10
Total am t profit® during year. $ 1 3 9 ,4 4 3
99.351
102,626
Iut. cri*il dep’ * same p e r io d ...
*67.576
53,506
56,047
Exp. o f institut’n same period.
*28.9 >5
40,000
40,000
Ain't o f divs. deiTd same por’d
20,000
5,572,319
Ain’ t o f dep.on which hit.is ail’d 6,1 SO,029
4.636,894
14$ to 3 *9 p. c. 1*2 to S'sp.C.
Rate of interest ......................2 to 3 4 p, o.
KNICKERBOCKER TRUST COM I-ANY.

Resources.

June 30,’98.
Bonds and m ortgage* ..............
$203,900
Stork luvest’ ts (market value). 2,436,905
A m ount loaned on collaterals . 10,445.398
Ain't loaned on pers’ i aeourit’s.
236,$90
Cash OU baud ... ....................
184,369
Cash on deposit
..................... 2,4 28,381
10,-168
O verdrafts........................... .—
Other a ss e ts................................
225,787
Liabilities.

$1,000,000
Capital s to c k ..................
Undivided p rofits......................
700,982
2,S9h\5*»6
Deposits in tru st-......................
Gen’l deposits, jniy. on demand 11,455,65 >
118,910
Other liabilities .
T ota l....................................... $16,172,098

Dec. 31. ’ 97. June 30 /97.
$287,500
2,627,797
9,129,453
174.086
113,375
1,SO),151
5/372
•203,197

$ '8 6 ,0 0 0
2.990,320
8,078,293
151,745
94.323
1,761,984
3,196
170,195

$14,315,334

$1*3,542,056

$1,000,000
651.539
2,714,952
9,872,376
108,367

$1,000,000
577/196
2,035,472
9,8 02,4 9’'
96,893

$14,345/234
$14,3-15,234

$13,542,056

$535,180
218,732
123,962
6 ,000
10,056,719
1 to 3 p. c.

$46^,348
201,010
129,8'* 6
60,000
10,33 >,859
1*3 to 3 p. 0 .

[VOL, LX VI I.
M ERCANTILE TRUST COMPANY,

Resources.

Jane 30.*98, Dec. 31, ’97. June 3 0 /9 7 .
Bonds and m ortg a g e s..............
$313,094
$498, 395
$196,395
Stock invest*s (market value).. 4,956/202
5,707,,Oo9
4,287,553
20,117. 016
Amount loaned on eollaterals 21,001,906
17,832,4-19
496, 57
Ain't loaned on pers’ l scour it’ s
259,300
159,363
45, 564
Real estate (estimated v a lu e)..
45.564
54.533
Cash on b a n d .........„................
7,346
1 1 ,,42 >
3,098
Cash on d eposit........ ................. 11,202,757
7,253,820
9,180, 334
O v e r d r a ft* ...............
1,146
Other assets..................................
125,519
116,128
137,114
T o ta l........................................$37,912,834
Liabilities.
Capital stock .......................... . . . $2,000,000
Surplus fund................................
3,000,000
Undivided profits.......... ...........
497.2SI
Deposits in tru st................
564,119
General dep’ ts, puv. on dem ’d. 31,741,746
Other liabilities...........................
109.688
T otal................. .....................$37,912,834

LONG ISLAND LOAN & TRUST COM PANY (BROOKLYN.)

Resources.
June 30, ’99. Dec. 31, ’ 97. June 3 0 /9 7
$272,000
1,500,290
1,227,250
100,300
100,000
65,792
489,9ul
115,829

$277,500
3,*81,261
1,707,520
114,000
1'*0,000
33,293
336.390
117,571

$274,750
1,191,925
1,486,440
81,000
100,000
246,526
360,302
77,612

T otal....................................... $3,871,362

$4,267,535

$4,118,585

$500,000
456,573
77,993
3,202,264
30,705

$500,000
412,*95
91,481
3,059,004
55,80a

Bonds and m ortgages...............
S tock invest’s (market value),.
•
' on collaterals..
' " • '
A- in’' t loaned
Am ’ 6 loaned on pers’l securit’fl
R eal estate (estim ated value)..,
Cash on hand ..........
Cash on deposit...................... .
Other assets.................................

Liabilities.
Capital stock ...............................
Undivided profit**.......................
D eposits in t r u s t ......................
Gen’i deposits, pay. on deni’d.
Other liabilities...................... ..

$500,000
477,3 tO
110,695
2 ,7 3 /.5 9 1
45,746

Total........................................ $3,871,362

$4,267,535

T ot. ain't profits during year.
*$89,910
Int. cred. dep’s same period..
*3 i,2 0 4
E xp. o f insti ut’n same per’d ..
*14,658
Ain’t divs, declared same per'd
*20,000
A m t.of dep.on which int.is ail’d 2,948,276
Rate o f interest.......................... 2 t n i p . c .

$157,900
65,259
.25,842
40,000
3,200/253
l -^ t o d p .c .

$172,069
67.594
26,554
40,000
3,150,486
1 ha to 4 p. e.

M AN HATTAN TRUST COMPANY.

Resources.
June 30, ’ 98.

$30,224,325
$1,335,823
459,629
164,550
240,000
22,612,192
1 to 3 p. 0.

Resources.
June 30, *93. Dec. 31. ’97. June 3 0 /9 7 .

Bonds and m ortgages................
Stock invest’ ts (market value).
A m ount loaned on collaterals.
Cash on h a n d ..............................
Cash on deposit...........................
Other assets..............................

$8,000
3,072,557
1,948,349
500
6,105,308
328,201

T o t a l.......................... $11,462,915

$9,000
2,459,815
1,937,»>?8
300,500
1,260,533
293,830

$6,895,918

$6,260,436

$ 1,000,000

$ 1, 000,000

Liabilities.
Capital stock................... $1,000,000
Surplus fu n d ..........................
200,000
U ndivided profits............
463,410
D eposits in t r u s t ..........
. . . . 1,971,709
Gen. deposi t*, payable on dern, 7,818,795
Other liabilities...............
9,001
T otal.

$11,4^2,915

200,000

375,601
104,162
5, L47.153 )
9,002 J
$6,895,918

200,000
270,830
192,073
4,597,528

$6,260,436

Supplementary.

Tot. atn’ r of profits duping year
Int. credited dep’ s, same per'd,
E x p .of institution, same per'd*
Ain't o f divs.decrd.sarac per’d
Ain’ t or dep. on which Hit is ail’d
Kate o f inter st,..........................

*$204,219
...............
*55,669
*50,762
*25,900
5,512,731
1 to 4 p /e .

M A N U F A C T U R E R !’ TRU 3T

$362,892
9*J,0J4
m2,32 5
50,000
3.982,225
1 to 4 p. c.

C O M PA SY

Resources.

Stock invest’s (m arket value).. $2,614,294
Ain't, loaued oti collaterals .. 9,243,650
Real estate (estim ated value)..
481,800
Cash on baud..............................
12,867
Cash on deposit.......... ................
2,995,637
Overdrafts.......... ....... .............
......................
................
162,6 ;1
Other assets............
Total.......................

$15,510,869

$274,453
33,702
86,906
50,000
3,636,636
1 to 4 p. c.

(BROOKLYN ).

$2,414,-130
8,840,194
481,800
17,512
1,006,016

169,850

$2,568,821
8,475,103
431,800
30,068
3,098,333
263
151,859

$12,929,852

$14,806/252

1 , 000,000
1, 000,000

$ 1,000,000

178,912
10,691,359
59,531

12,590,803
74,981

$12,929,852

$14,806,252

L ia b ilities.

Capital stock .............................. $1,000,000
Surplus fu n d ..... ..................
1,100,000
Undivided p c'fits . . .
129,502
General deposits, pay. on dem. 13,331,381
79,986
Other liabilities . „.............
T otal........................................ $15,540,869

$

1,140,468

S u p p le m e n ta r y .

Tot. am’ r o f profits during year : 5267,326
$454,736
$445,017
214,496
Tut, credited dep’s same p er’d .
* 11 -1/296
248,773
61,354
71,343
Exp. of institut’n same per’d .
*40,067
100,000
A m t o f divs. dec. same p er'd .
50,000
10 0,000
A m 'tof dep.on w h ich int isall’d 12,678,020
10,691,326
11,994,478
l to 3 p. c.
1 to 3 p. e.
Rate of interest.................
l to 3 p, 0 .
NASSAU TRUST COMPANY (B R O O K fA N.)
Bonds and m ortgages................
Stock invest’s (market- value)..
Amount loaned on collaterals.
An?' t loaned on p ers’l securit’s.
Cash on hand...............................
Cash on deposit— ...............
Other assets.......... .....................

R esou rces.
J u n e 3 0 /9 8 .

$439,069
765,749
1,556,400
4 46,797
32,893
276,738
29,793

$ 3 .5 i7 ,4 3 9

Total.......................

June 3 V 9 7 .

$2,000,000
2,600,000
235.557
520,368
24,819,299
99,101

$12/203,228

SupplcmenUiry.

$4,118,585

S'upplementarv.

$2,000,000
2,750,000
182,741
303,363
36,836.556
130,568

Tot. ain’ t of profits during y ’r *$1,041,809
$1,113,381
Int. credited dep’ s, same per’d.
*278,838
472,407
Exp. of institut’u, same per’d .
*73,379
158,167
Ain’t of divs-decl’d.sam e nevM
i 20,0 )0
240,000
Amt.of dep.on wlilehiut. is ail'd 2 109,060
31,486,032
Rate o f interest.......................... 1 to 3 p. o.
1 to 3 p. e.
M ETROPOLITAN TRUST COM PANY.

Supplem entan/.
Total ain't profits during year. *8273,‘2 *1
Iut. credited dep’s same por’d .
*124,849
E xp. of iustitut’ n sauie por’ d .,
'68,9 39
Ain’ t of divs. deoi’d, same por'd
*35,000
Ain’ t o f dep. on which int.is ail’ d 12.28 s, 155
Rate o f interest............................ 1 to 3 p. c.

$12,203,228 $30,224,325

Dec. 3 7, ’97. June 3 0 /9 7 .
$437,069
787,749
1,029,250
414,378
20,853
191,710
29.L94

$464,069
1,086,963
813,275
429,556
18,445
236,006
22,660

$3,510,193

$3,072,974

$500,000
297,967
2,702,484
9,742

$500,000
271,580
*2,241,255
60,139

L ia b ilitie s .

Capital stock.......... ...................
Undivided profits....... ...............
Deposits in tr u st......................
Other lia b ilitie s.......................

$500,000
309,113
2,713,251
25,075

T otal....................................... $3,547,439
$3,510,193
$3,072,974
Supplemcnla ry.
$137,723
$70,040
Tot. ain’ t of profits during y ’r.
$6 5 ,?5 o
23,470
fut.credited dep’s.sam e per’d .
*3»,151
50,873
11,967
E xp of institution, same per'd
-13,596
25,576
15,000
30,009
A m t.of divs. deed’d, same per’d
"15,000
A m t of dep.on whichint.is ail’d 2.673,576
2.690,464
2,239,878
Rate of interest. . . . . . . . . . ..2 to 38» p. o. l^ t o S ^ p .e . l ^ t o S ^ p .c .
NEW Y O R K L IF E INSURANCE & TRUST COM PANY.
Resources.
June 30, '98. Dec. 3 \ ’97. June 3 0 /9 7 .
Bonds and m o rtg a g e s.............. $3,471,612
$3,315/234
$3,782,784
11,587,473Stock invests. (market value).. 8,661 f 141
9, L03.068
3,828.728
Am ount loaned on collaterals. 5,294,750
6,6 0 7 ,1 8 /
Ain’ t loaued on pers’l securlt’s 9,592,184
8,885,817
5,095,28 5
443,940
Real estate (estimated value)..
4 4 -f, 142
443,840
2 , 200,000
3,050,000
Cash on h a n d .......................
2 ,7 o o /0 0
607,447
132,064
Cash on d e p o s it ........................
315,282
1/241,072
Other assets......................
1,367,101
1,380,157
Total.

..$31,848,212

$29,126,836 $32,557/261

Liabilities.

.
* 1, 000.000 $ 1 , 000,000
$ 1 , 000,000
/IW C 3 0 /9 8 . Dee. 31. ’ 97. June 3 0 /9 7 . Capital stock ...................
..
2,830,112
2,822,550
2,732,079
Bond* and m uncages................
$l71.0O 0
$163,500
$147,000 Surplus fu n d ...................
46,893
41,977
43,161
S tock iovest's (market v a lu e)..
1,372.554
1,492,635
1,593,701 Uudi vided profits. . . . —
.
26,071,0
57
23,448.596
26,934.838
Amount lo »ueii on collaterals.
1,063,284
1.707,305
A,12f,833 Deposits in trust............
.
1,891,330
1,813,707
1,847,183
Other liabilities..............
Am r. loaned ou
rs'i 8 : 0 *tics .
820 344
7 3 m, iy<
381,573
Cash on hand. ..........................
^4,663
32,274
30,330
T ota l........................................$31,848,212 $29,126,830 $12,557,261
Cash on d e p o s it .........................
1,193.5<0
852,757
986/2 0*
Other a a s t t s , . . . ........................
46,578
73,1*6
71.603
Supplemen tary.
Total ain’ t profits during year.
$779,28 > $1,353,255
$1,351,344
T o t a l...........................
$4,706,938
$5,120,880
*351,840
63b,897
733,301
$4,315,230 Int. credited dep's same per’d.
Exp. of institution, sam e per’d
*46,290
118,632
102,054
Liabilities.
Ain’t
of
diva,
decl
d,same
per’d
*
2
0
0
.0
0
0
400,000
400,000
Capital sto ck ............................. .
$500,0 »n
$500,000
$500,000
23,440,5^0
26,931,838
SurplQ" fu nd...............................
500,000
500,000
500,000 A m t.of dep. on which int.is ail’ d 26,071,857
1 to 5 p. c.
1 to 5 p. c.
1 to 5 p. c.
152,459
120,566
Undivided profits................
85,902 Rate o f interest ................. .
Deposits in m is t ........................
108.403
105,205
27,72u
NEW Y O R K SECU RITY & TRUST COMPANY,
Geti’ l deposits, payTe on dera. 3/367,202
3,862,103
3,161,211
Resources.
Other liabilities..........................
78,814
32,986
10,147
June 3 0 /9 8 . Dec. 31, '9 7 .. June 3 0 /9 7 .
Bonds and m ortgages...............
$441,450
$369,950
$430,700
$5,120,860
$4,315,280 Stock invest’s (market value).. -1,192,713
T ota l....... ................... .. . . . . $4,706,938
5,533,384
4.006,218
Supplemr ntartj.
Ain’ t loaned on collaterals .. . 4,421,689
7,553/393
4/289,353
Tot. am’r o f profits during year. ~$137,54*>
$192,026
$81,569 Ain’ t loaned On pers’l securlt’s. 2,569,05 4
2,037,813
1,661,047
Int. credited deps same per’ d .
13,326
02,^31
8,008 Cask on hand. ..........
18,410
23,659
19,033
Exps. o f institu’ n, same p.u’d .
*13,021
31,822
16,592 Cash on deposit.......... ....... ... 4,392,498
2,409,44 )
5,424,316
Amt. of div. decIM, same per'd.
*20,000
45,000
20,0(i0 Other assets........... .....................
211,642
177,*39
138,827
A m t.of dep.on which int. i.call'd
3,475.666
3,967,309
3,13^,702
Rate o f interest..........................
2 t o 4 p .c . I h .t o S ’ap.c. l ^ t o S ^ p .c .
.$16,551,256 $18,185,478 $15,969,494
Total.

* For the six months only, Jan. 1 to June 30.

For the six months only, Jan, 1 to June 30.

J u l y 30, 1888.)

THE CHRONICLE,

NEW Y O R K SECU RITY & TRUST C O M P A N Y .- (Concluded.)
Liabilities.
June 30, ’ 98. Dec. 31, ’97. June 30/97*
$1,000.00(1
Capital stock................................ $1,000,000
$ 1,0 0 0 ,00 0
1,500,000
1,500,000
Surplus fund................................
1,250,000
93,081
Undivided profits........................
236,501
235,104
15,55°,444
Deposits in trust.......................... 1 3 ,7 6 1,337
13,451,741
33,953
Other liabiUties............................
50,418
32,649

231

R E A L ESTATE TRUST C O M PA N Y .-(C onoluded.)
June 30, '98. Dec. 31,’97. June 30, 97
Supplementary.
Total am’t profits during year
*$tM,758
$188,2 47
$190 310
[nt. credited dep’s same' per’d.
*40,692
82,600
93’ l 4l>
Exp. o f Institution,same per’d.
* ;n,584
37,654
40095.
Amc.or divs.deel’d, same per’d
17,500
35,000
3 o’o o o
Am t.of dep.onw hich int.is ail’ d 4,197,345
3,821,138
4,254’ 691
Rate o f interest.......................... 1 to 3 p. e.
1 to 3 p. c. 1 to’ 312 p. c.

T o ta l....................................... $16,551,256 $18,185,478 $15,969,494
STATE TRUST COMPANY.
Supplementary.
Tfpvmi t'ppt?
Tot. am*, o f profits during year
*$406,472
$663,533
$637,864
June 30,'93. Dec. 3 1, ’9 7. June30, ’ 97.
Int. credited dep’s same per’d .
*126,736
254,128
196,904 Bonds and m ortgages................
$18,189
$1*,189
E xp. o f institut n same p er’d.*43,484
80,471
82,448 Stock iuvest’ ts (market value). 2,35.3,129
2,367,822 $ 2 ,3 6 i’ 8 l i
A m 't of div. d ecl’d same per’d..
50,000
100.000
loo.ooo Amount loaned ou collaterals 5.417,407
6,515,446
6,924,947
A m ’t o f dep.onwhich int.is ail’d 12,661,540 14,737,634 12.662.459 Am’t loaned on pars’ l secnrit’ s
29,250
20, 759
4d]5!90
R ate o f interest........................... 1 to 4 p. c.
1 to 4 p. c.
1 to 4 p. c. Real estate (estimated value).
8 9,056
89,058
89’,056
Cash on hand..............................
69,351
30,335
19,730
NORTH AM ERICAN TRUST COMPANY.
flash
on
deposit.................
2,237,131
1,202,710
1,373,050
Resources.
36,713
47,606
June 30,98. Dec. 31, '97. Due from banks..........................
69,856
45,423
75,997
$36,540
$16,486 Other assets................................
Bonds and m ortgages..............................
895,1
*<
4
8y3,871
Stock investments (market v a lu e ).......
$10,311,032
$10,336,842
$10,897,091
T
o
ta
l.......................................
,
80,470
15,000
Amount loaned on collaterals.......... .......
Liabilities.
52,678
Am ount loaned on personal securities..
29.438
$1,000,000
$1,000,000
127,650
% 134,015 Capital stock ............................... $1,000,000
Real estate (estimated v a lu e)................
Surplus
fu
n
d
................................
500,000
500,000
500,000
4,139
2.892
Cash on h a n d ..............................................
502,183
491,114
469,468
315.708
478,816 Undivided profits........................
Cash on d eposit...........................................
Deposits
in
trust
and
general
1,377
Other assets.................................................
29,47 6
d-posits payable on demand. 8,298,030
3,311,822
8,870,484
10,869
33,906
57,139
Total.................................................................. $1,512,433
$1,631,307 Other liabilities...........................
Liabilities.
$10,311,082
$10,336,842
$10,897,091
T
otal........................................
Capital stock......................................................... $1,000,000
$ 1, 000,000
Supplementary.
Surplus fund .........................................
200,000
$ 1 7 3 ,7 18
$373,247
$406,649
273,174 Tot. amr. or profits during year
Undivided p r o fits ..... ........................
61,260
Int.
credited
dep’s,
same
per’d.
'63,135
149,427
160,715
Deposits in iru st...................................................
170,743
282,873
*17,004
100,4HS
105.833
General deposits, payab'e on dem and............
78,5*25
70,260 Exp. o f institat'n same per’d .
A m 't oE dlv. d -c l'd ,s line per’d.
"30,000
60,000
60,000
Other liabilities............ ...............................
1,905
Am’ t o f dep.onwhlohint.is ail'd 7,027,597
7,306,447
7,762,816
1 to 4 p. c.
1 to 4 p. c.
T o t a l ....................................................................... $1,512,433
$1,631,307 Rate o f interest............ ............ 1 to 38i p o.
TITLE GUARANTEE & TRUST COMPANY.
Supplem entary.
*101.818
Total amount o f profits during the y e a r .......
322,585
Resources.
Interest credited depositors same period___
*581
June 30, ’ 98. Dec. 31, ’97. June 30,’97.
Expenses o f institution, same peiiod___
*66.225
104,589 Bonds and m ortgages............... $3,635,499
$3,881,930 $3,500,348
Amount o f dividends declared, same period.
50,553 Stock invest’ ts imarket value).
*50,000
746,250
1,070,250
1,070,250
Amt. o f deposits on which int. is allow ed...
4 >,384 Amount loaned on collaterals.
51,918
............
185,505
307,114
Bate o f interest................................................... 2 to 3 p. o.
2 p. o. Real estate (estimated value)..
170,000
170,000
170,939
Cash on hand .............................
41,967
2,117
4,028
PEOPLE’S TRUST COMPANY (BROOKLYN.)
Cash on deposit..........................
757,017
445,333
491,679
Resources.
P la n t ....... ....................................
464,439
611,298
472,430
June 3 0 /9 8 . Dec. 3 1 .’97. June 30/97. Other assets.................... .............
152,047
............
158,579
Bonds and m ortgages.................
$743,093 ' $753,758
$701,013
2,962,637
Stock invest’ts (market value). 3,638,298
3,735,253
T
o
ta
l.......................................
$5,967,219
$6,366,483
$6,175,367
Am ount loaned on collaterals.
3,863.316
4,351,889
2,532,888
Liabilities.
Am ’ t loaned onpers’ l securit’s.
443,136
338,096
310,355 Capital s to ck .............................. $*2,500,000
$2,500,000
$2,500,000
79,500 Surplus fu n d ................................
Real estate (estimated value)...
79,500
79,500
2,000,000
2,000,000
2,000,000
80,087
Cash on hand ...........................
63,412
50,935 Undivided profits.......................
375,778
253,490
183,325
Cash on deposit............................ 1,232.512
720,762 Deposits in tru st........................
686,372
44,428
3,936
2,580
Other assets..................................
201,009
185,349 General deposits, pay. on dem.
200.287
608,430
906,77L
830,878
Other liabilities......... ..................
438,583
702,230
653,584
Total......................................... $10,280,951
$?,435,951
$3,316,055
Liabilities.
T o t a l....................................... $5,967,219
$6,366,483
$6,175,367
Capital s to c k ................................ $ 1,000,000
$ 1,000,000
Supplementary.
$1,000,009
1,000,000 Tot. am’ t profits during y ear... *$542,99/
Surplus fu n d ................................
1,000,000
1 , 00 0,000
$1,003,979
$393,113
Undivided profits........................
200,302
118,924 lut. credited d eo’ s. same per’d.
'20,7 76
22,92 )
21,330
174,947
D eposits in trust..........................
380,081
211,703 Exp. of iustitut’ n. same per’d .
230.344
*284,393
508.809
493,293
General deposits, pay. on deni., 7,500,409
6,868,233
*100,000
290,000
200,000
5,833,259 Ain’ t d ivs. declared same per’d
Other liabilities............................
200,159
102,164 Am’t of rlep.on which int. is ail’d
683.970
1,317.206
1,185.074
162,427
Rate o f in te re st..........................l ^ t o 6 p . o.
1 to 5 p. o.
1 to 4 p. c.
T o t a l ......................................$10,280,951
9,435,95 L $3,316,035
UNION TRUST COMPANY.
Supple mentar y.
Resources.
Total am’t profits during y ear .
$183,8 -4
$353,830
$323,753
June 30, ’S3.
Dec. 3 1 ,’97. June 30,’97.
133.990
145,039 Bonds and m ortgages.............. $1,900,9^3
Int. credited dep’ s same per’d .
68,929
$2,157,516 $2,170,61&
E xp. o f institut’n, same per’d.
'2 * ,8 5 9
56,994
55,481 Stock invest’ts (market value). 9,166,512
7,281/>79
7,908,264
A m ’t dive, declared, same per’d
*50,000
85,000
80,000 Amount loaned on collaterals. 25,174,848
26,938,162 18,611,098
6,035,120 Amt. loaned on oers’ i securit’s
A m ’t o f dep.onw hich int.is ail’ d 7,629,863
7,030,861
... ...
497,083
............
R ate o f interest on s a m e ......... 1 to 4 p. o.
1 to 4 p. o. 1 to 3 ^ p. 0. Real estate (estimated value). 1,900,000
1,900,000
1,900,000
Cash on hand..............................
4,045,664
3,029,766
3,047,358
PRODUCE EXC H AN G E TRU ST COM PANY.
2,461,073
1,298,095
2,112,055
Resources.
June 30/98. Cash on deposit..........................
.........
93
------ Stock investm ents (market v alu e)............................................
$854,304 Overdrafts...................................
453,425
480,114
327,640
A m ount loaned on collaterals....................................................
1,270,653 Other assets................................
A m ount loaned on personal secu rities.................................... 1,407,611
T otal........................................$45,102,475 $43,581,908 $36,077,031
Cash on hand...................................................................................
25,323
Liabilities.
C^sh on d eposit..............................................................................
1,338,547
$1,000,000
$1,000,000
$1,000,000
Due from nanks..............................................................................
91,173 Capital stock ..............
8urplus
fu
u
d
................................
5,512,577
5,392,685
5,335,930
O v erd ra fts.................................................................................
119
..........
37,728,856
36,747,660
29,323,850
Other assets.....................................................................................
40.9a0 Deposirs Hi trust
Other liabilities.................... . . .
861,042
441,563
*17,251
T otal.......................................
$5,028,660
T o t a l.......................................$45,102,475 $13,581,908 $36,077,031
Liabilities.
Supplementary.
Capital sto ck ...................................................................................
$500,0 >0 Tot. am’t o f orofits during year
.8768,354
$1,326,443
$1,422,256
Surplus fu n d ...................................................................................
500,000 Int. credited dep’s, same per’d
*354/213
622,305
629,936
Undivided p rofits...........................................................................
45,018 Exp. o f institution, same per’d
*1<H,531
206,175
215,344
D eposits m tru st.............................................................................
2,02<> Am’ t of divs.deol’d.same per’d
*160,000
320,000
320,000
General deposits, payable on dem and...................................... 3,975,396 A m t.ofdep.ou which iut is ail’d 34.956,745
35,084,677
28,049.022
Other liabilities..............................................................................
6,226 Rate of in t e r e s t ........................ 1 to 4 p. o.
1 to 4 p. c.
1 to 4 p. c.
UNITED STATES MORTGAGE & TRUST COMPANY.
T o ta l........................................................................................... $5,028,660
7?PGfil/ VPP<?
Supplem c ntar y.
June 3 0 /9 3 . Dec. 31, ’97. June 3 0 /9 7 .
*$56,017
Total am ount o f profits during the y e a r ....... ...... .
$6,080,014
$5,412,239
'11,988 Bonds aud m ortgages .. .......... $d,704,05*6
In te est credited depositors during same p erio d ..
Stock
invest’s
(market
value)..
1,750,722
3,3i3,'*74
2,632,779
*13,99 7
Expenses o f institution, same p eriod ......................
4,468,713
5,838,401
2,661,913 Loaned on collaterals................ 5,934.620
Am ount o f deposits on which interest is allow ed.
Loaned
ou
personal
securities.
46,035
52,515
108,685
2 to 3 p. o.
Kate o f interest.............................................................
Real estate (estimated value)..
288,071
211,000
- 217,370
R E A L ESTATE TRUST COMPANY.
Cash on hand .............................
41,050
30,574
29,863
Casa on deposit...........................
3,131,726
1,282,400
2,423,o22
Resourtes.
214.- 00
49 7,40 )
- - ---- June 30 /98. Dec. 31. ’97. June 30/97. Foreign departm ent.....................
$351,600 Other assets ...............................
255,295
237,89L
-31,81t>
Bonds and m ortgages................
$290,600
$316,600
1,464,667
Stock in vest's (market value).. 1,064,206
1,520,741
T ota l........................................$1^,365,574 $16,207,481 $16,944,724
2,459,684
Am ount loaned on collaterals. 2,511,194
2 ,2 5 1,9u8
lo 9 ,9 «0
Liabilities.
___
153/219
Ain’ t loaned on pers’ l securit’s.
18,600
Capital
stock................................. $ 2,000,000 $ 2,000,000 $2»?00,000
8,764
Cash on h a n d .....................
16,019
12.245
1,250,000
1,250,000
699,658 Surplus fund ..............................
456,614
Cash on deposit...........................
62 •,357
807 Undivided profits................
204,146
Overdrafts....................................
11.058
9.51*
31,942 Deposirs in tru st...........................
1,061.994
J*}?3,784
I ’JJSS’/ S q
37,835
Other assets.................................
39,232
General deposits,pay. on clem.. 7,689,771
6,1 56/ 63
5,530/2o2
4,603,20o
T .ta l .................................... $5,172,266
$4,758,681 $5,187,086 Other lia b ilities.!:.. .................
Liabilities.
Capital s to ck ...............................
$500,000
Burping fu n d ................................
250,000
Undivided profit*.........................
150,880
Deposits in trust,........................ 4,271,586
Other liabilities................................................

$500,000
250,000
124,601
3,877,625
6,455

4,330,536
7,067

T ota l....................................... $5,172,266

$1,758,681

$5,187,086

* For the six month* only, Jan. 1 to June 30.

$ ’ 00,000
250,000

T ota l.......................................$18^365.574 $16,207,481
T ot.a in 'tof profits during yea r/^ *$ 145,139
Tut.credited dep’ s. same per’d. *216,023
E x p .of institution, same per'd.
^,89<)
Ain’ t of di vs docl’d, same per’d.
*70,000
Am*tofciep.onwhlohiut.isaU,d
8,095,680
Kate of interest........................... 1 to 4 p. o.

$949,233
208,
l i n ’nna
6.680,3o0
1 to 4 p. c.

* For the six months only, Jan. 1 to June 30.

$16,944,724

q

i in oak
i^ o ’ o o o

8,o9b,514
1 to b p. o

THE CHRONICLE.

232

UNITED STATES TRU ST COMPANY.
Resources.
June 30, >0«. Dee. 31. '97, June 30,’ 97.
#4,366,083
Stoml* :i ml mortglkffeii............... #4,637,500
#1,884,588
15,884,100
13,929,766
8toi'k luvi st’ is (nmrktn value), 13,323,159
19,450,512
20,866,512
Aniouut loaned on collaterals. 19,567,400
11,629,999
13,577,435
Ain't loaned on prrsT se.eurlt’s 12,333,663
1 , 0 0 0 ,0 0 0
1 , 0 0 0 ,0 0 0
R eal estate (estimated v a lu e).. 1,000,000
2,024,937
Cash ou deposit........................... 6,103,921
2,911,838
719,100
742,060
-Other a s s e t s ......._______ . . . . .
601,250
T o t a l....................................... #58,060,893
Liabilities.
Capital stock ................................ #2,000,000
Surplus fu n d ............................. . 10,000,009
Undivided profits.......................
258,050
Deposits m t r u s t ...................... 14,839,868
D eposits in trust and general
deposits p ayable o n demand..
O ther liabilities............................
963,375

#60,002,098
#2,000,000
9.846,152
362,900
42,875,335
917,411

T o t a l........................................$58,066,893
56,002,098
Supplementary.
T ot. ain’ t o f profits during year *#1.248)861
$2,263,189
I n h e r e d dep’s. same period..
*176,421
918,547
E x p .o f institution, sam eper'd,
"76,097
132,158
A in't o f ilivs. decld . same per’ d
‘ 100,000
800,000
A m t.of dep on which tot.is ail’d -14.031,181
41,918,265
R ate o f interest.......................... 1 to 3 p. o.
l t o 3 p . o.
WASHINGTON TRUST COMPANY.
Resources .
June 30,’ 98. Dee. 31, ’ 97.
$151,100
B onds and m o rtg a g e s................
$99,100
1,037,680
S tock in v est’ts (market v a lu e,.
730,725
3,S13,600
A m ount loaned on collaterals.. 3,759,900
106,350
Amt. loaned on pers’leecurit's.
21,350
2,608
Cash on hand.............................
1,659
452,411
Cash on deposit............
850,157
41,064
Other assets..................................
43,468
T otal............................ $5,506,359

Liabilities. ■

$5,605,011

d T o m m e r c ia l
C OM M ER C IAL

J im e s .

E P IT O M E .

F r i d a y N i g h t , July 29, 1898,

Existing business conditions have undergone few changes
of a radical nature. The volume of merchandise passing
from the producer to the consumed seems to be up to an a v ­
$2,000,000
9,692,884 erage for the season of the year and values in the main have
334,904 held to a steady basis, the principal exception being in the
wheat market, where the increased pressure of supplies re 13,561,139
956,201 suiting from the free marketing of the crop has'depressed val­
ues. The possibilities of peace have been the principal topic
56,545,127
of the week, and the outcome of the action of Spain in asking
$1,142,997 President McKinley for terms of peace is "being anxiously
43V 209
70,619 awaited. In the meantime the taking of Porto Rico is the
400,000
42.736,883 objective point of the Am erican forces in the Atlantic.
1 to 3 p. 0. "L a r d on the spot has had only a limited sale, and as there
have been moderately free offerings, there has been a decline
in prices, although at the close the tone was steadier and
June 30,'97,
$145,100 prices showed a partial recovery from bottom values, closing
619,327
3,603,-100 at 5 65c. for prime Western and oc. for prime City. Refined
16,350 lard has been in limited demand and lower, closing at
2,859
Speculation in lard for future
941,164 5’90c. for the Continent.
40,273 delivery has been moderately active, but it has been at lower
prices
under
fairly
free
offerings,
prompted by a large m ove­
$5,368,473
ment of swine,

$56,545,127

$500,000
500,000
63,062

$500,000
500,000
38,626

4,526,092
15,887

4,313,523
16,321

$5,605,011
T otal........................................ $5,506,359
Supplem en tary.
T ot. ain't o f profits during year. *$107,871
$223,166
95,323
Int. credited dep’s sam e per’ d.
*46,758
35,437
E xp. of institut'n same p er’d . .
19,418
35,000
Arn’t of diva, deed’d same per'd
*20,000
Am fcof dep.on whletuut. is till’d 4,369,650
4,410,957
Bat e o f interest..........................1 to 3ts p. c. 1 to 31$ p, o.

$5,363,473

Capital s t o c k ..................
$500,000
Surplus fu n d ....................
500,000
U ndivided p rofits......................
84,233
Deposits in trust and general
deposits payable on dem and. 4,403,809
Other liabilities...............
13,317

[V o l . L X V II.

$217,562
87,597
35,175
30,000
4,243,124
l t o 3% p. e.

* F or the six m onths only, Jan. 1 to June 30.

— The North American Trust Co. announces that as the
United States military authority is now established at Santigo de Cuba, insuring local peace with fu ll security of per­
son and property, it has made arrangements to establish a
branch there, and is prepared to buy and sell drafts on
Santiago, and to make payments on that city, under instruc­
tions from its customers.
The company is also pre­
pared to receive the deposits of the soldiers and sailors
now in Cuba, and under their directions to make remit­
tances to their families in the United States. The company
has already established relations at Manila, Philippine Isl­
ands, with the Chartered Bank of India, Australia and
China, sufficient for the present needs of our manufacturers,
merchants, travelers, soldiers and sailors. The North Am er­
ican Trust Co., in a circular to the public, says : “ W ith the
conclusion of a treaty of peace between the United States and
Spain, it is generally expected that new fields for investment
w ill be opened in all lines of trade and manufacturing, as
wejl as in city properties, winter homes, electric plants, rail­
roads, industrials, sugar and tobacco plantations. Many in­
vestments of this character will be presented to the public
and it will require the close discrimination of experts in
each particular line to decide whether or not they are mer­
itorious and desirable investments. The North A m eri­
can Trust Co. is prepared to investigate and report in
an advisory capacity in behalf of its customers and to
further facilitate their business in Cuba, Porto Rico and
the Philippines, by holding in trust properties, contracts,
mortgages and bonds, either pending the closing of negotia­
tions or for a more extended or definite period.” The com­
pany’s bankers in London are Roberts, Lubbock & Co., and
the City Bank, Limited. It hats also an office of its own in
that city, No. 05 Gresham Street, and house correspondents
in all the capitals and principal commercial centers and sea­
ports of the world,
— Reports of the condition at the close of business .July 14
of the lollowing national banks will be found in onr advertis­
ing columns: Chase, Continental. City, Mercantile, American
Exchange, Gallatin, Hecond, Market & Pulton, of N ew York:
Fourth Street, of Philadelphia, and Commercial, of Chicago:
also the quarterly report of condition on July 23 of the Bank
of America. The report of the Chemical National Bank will
be foniid on the last, page of the Quotation Supplement for
August, to be published next week.
— The semi-annual statement of the Union Discount Co.
of London is published at length in our advertising columns.
The gross profits for the first six months of 1898 with the bal­
ance brought forward from the last half-year were $895,772.
The paid-up capital is £650,000, equivalent to $3,185,000. The
Union Discount Co. has a standing card on onr third advertis­
ing page in which is kept revised by cable the rates allowed
fo r money on deposit.

DAILY CLOSING PRICES OP LARD FUTURES.
July delivery................. o.

Sat.
5-80

Mon.
5 82

Tues.
5 '72

Wed.
5 ’57

Thurs.
5-57

F ri.
5 '65

,&The demand for pork has continued quiet and prices have
declined to $9 75@$10 for mess, $11 50@12 for fam ily and
$ tl 50@$13 50 for short clear. Cut meats have had only a
limited sale, but values have held steady at 4c.@ 4t£e. for
pickled shoulders, 7J^c.@7J^c. for pickled hams a n d 6i^c.@
6% e. for pickled bellies, 10(§12 lbs. average. Beef has been
quiet but,steady at $9@$10 for packet, $10@ $tl for fam ily
and $15 50@$10 for extra India mess. Tallow dull and prices
quoted have been largely nominal at 3%c. Oleostearine has
been quiet but steady at 4% @ 5c . for City. Lard stearine has
been dull and easier at 6 ^ c . Cotton seed oil has sold slowly,
but prices have held steady at 239£@24c. for prime yellow.
Butter has been firmer for desirable grades, closing at 14@
18o. for creamery. Cheese has been firm for choice stock
and prices have advanced to 6@ 8J£c. for State factory, full
cream. Fresh eggs have held firm for choice, closing at 14c.
for choice Western.
Brazil grades of coffee have continued to have a moderate
call from the consuming trade, and there lias been a fairly
large business transacted in invoices on a cost and freight
basis. The spot market has been steadier and the close was
quoted at 6@ 6 t£c. for Rio No. 7 ;
speculation in the
market for contracts has been more active, but the changes
in prices have been of an unimportant nature, closing steady,
following are the final asking prices,
A ug..................... 5-40o. I N ov ............................ 5-50o.i M a r............5-75c.
S ep t.................... 5 ’456. D e o ................... 5 ’60o. I A p ril................. 5 ’ 85o.
O o t..................... 5-45o. 1Jail............................. 5'65o. I M a y ......... 5 ’85c.

Raw sugars have had only a small sale as refiners have been
indifferent buyers; offerings, however, have been limited, and
prices have held steady at 11
f or centrifugals, 96-deg. test,
and 8J2C. for muscovado. 89-deg, test. Refined sugar has
been quiet and unchanged at 8%c* for granulated. Spices
have been fairly active and firmer. Teas have been quiet.
Kentucky tobacco has been firm but quiet; offerings of
desirable grades have been small. Seed leaf tobacco has been
in fairly active demand and steady. Sales for the week were
2.760 cases, as follows: 1,000 cases 1897 crop, Wisconsin
Havana, 5 to 10c.; 100 cases 1893 crop, Wisconsin Havana,
10 to 11c.; 520 cases 1897 crop, Pennsylvania seed leaf. 10c.;
150 cases 1894-5 crops, Pennsylvania seed leaf, 18 to 13Me;
250 cases 1897 crop, Dutch, p. t . ; 250 cases 1896 crop, New
England Havana, 16 to 40c.; 150 cases 1890 crop, N ew Eng­
land seed leaf, 25 to 40c.; 50 cases 180) crop, Zimmers, 18c.,
and 200 cases 1897 crop, New England Havana,
to 10cr;
also 350 bales Havana at 65c. to $L 05 in bond and 240 bales
Sumatra at 75c. to $t 75 in bond.
Straits tin has had a fairly good sale and as foreign advices
have been stronger the market closed with a firm tone, with
prices at-15 70c,@15’75c. Ingot copper has b4en in fairly act­
ive demand from exporters, but the home trade has been a
small buyer, closing at llj^ c . for Lake. Lead has been quiet
but prices have held about steady at 3 05c. for domestic.
Spelter has been quiet at 4'50 for domestic. Pig iron has
been quiet and without changes at 89 75@$11 50 for domestic.
Refined petroleum has been higher, closing at 6 '40c. in
bbls., 3'90c. in bulk and 7 ’05c. in cases; naphtha unchanged
at 6c. Crude ^certificates have been firmer, closing at 95c,;
credit balances have advanced to 98c. Spirits turpentine has
sold slowly and prices have weakened slightly to 27@27}£c.
Rosins have been dull and unchanged at $ 1 3 5 @ 1 3 7 t^ for
common and good strained.
W o o l has been quiet and
without changes. Hops have been quiet but steady.

THE CHRONICLE.

J uly 30, 1898. i

m

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard not
cleared, at the ports named. W e add similar figures for
The M o v e m e n t o p t h e C r o p , as indicated by our telegrams New York, which are prepared for our special use by Messrs,
from the South to-night, is given below. For the week ending Lambert & Barrows, Produce Exchange Building.
this evening the total receipts have reached 9,728 bales,
against 7,862 bales last week and 9,124 bales the previous
ON SHIPBOARD, NOT CLEARED FOR—
week, making the total receipts since the 1st of Sept., 1897,
Leaning
July 29 at
Great
Other
Coast­
stoek.
8,599,160 bales, against 6,676,186 bales for the same period of
Total.
B ritain. France. Foreign wise.
1896-7, showing an increase since Sep.1,1897, of 1,922,674 bales.
C

O

T

T

O

N

3

F r i d a y N i g h t , July 29, 1898.

Receipts at—

Mon.

Sat.

G alveston.........
T ex. City, Ao.
N ew O rleans...
M o b ile ..............

23

178

......

Tuts.

Wed.

Thurs.

Fri.

loial.

119

150

521

355

......

......

......

........

151
7

314
3

3
14

1,394
46

155
3

391
15

380
4

......

1,346

Savannah.........
Brunsw’k.Ao.
Charleston.......
Pt. Royal,A c.
W ilm ington.. . .

34

75

45

38

3

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

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

......

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

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

441
476
205

636
476
355

........

......

1

%6

7

N o r fo lk ............
N’p ’t News, &c.
New Y o r k .......

55

187

1,546

870

1,785

188

4,631

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

........

........

......

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

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

50

82
27S
47

......

4

53
B a ltim o re........
Philadel’a, &o..
Tot. this weqki

150

50

5

.........
57

18

37

156

328

903

2,266

1,303

2.833

239
278
320

2.095!

9,728

The following shows the week’s total receipts,the total since
Sept. 1,1897, and the stock to-night, compared with last year.
Receipts to
July 29.
G alveston...
T ex. C..&0.
New Orleans
M o b ile .........
F lorida........
Savannah...
B r’ wick.Ac.
Charleston..
P.Royal,<fec.
Wilmington.
W asb’n, A c.
N o r fo lk .......
N’p ort N.,&c
N ew Y ork ...
B o s to n ........
B a ltim ore . .
Phlladel. Ac.
T ota ls.......

1897-98.

Stock.

1896-97.

This 'Since 8 ep. This \8 inceSep.
week. \ 1 ,1 8 9 7 . ! week.
1,1 896 .
1,316 1,911.252
.........
93,031
1.3942.669,870
46! 362,449;
......... 118,433
636 l,1 8 7 ,4 7 8 l
4 7 6 1 269,6961
355 470,684
.........
75,877
7 323,686
.........j
1,280
4,631 581,033
.........
25,527
.........i 120,625
239 223,417
278
76,221!
320
83,601
9,728 8,599,160

252 1,341,803:
112,751
98 42,0 71,3 81
41 291,405
88,525
98, 840,473!
177,266
31! 398,4101
73,593
36 234,585j
8571
178' 704,123|
28
18,939
48,575
663 160,903!
56
63,356!
8351
49,532
3,2076.676.4361

1898.

1897.

17,911

1,606

81,303
3,465

10,093
1,890

9,942
4,826

8,976
1,317
6,481

6,614

1,225

18,508
2
92,693
5,500
12,845
9,735

1,000
63,846
4,002,005
4,199

263,379

106,638

In order that comparison may he made with other years,
we g iv e below the totals at leading ports for six seasons.
Receipts a t—

1898.

| 1897.

Galves'n, Ao.
N ew Orleans
M o b ile .........
S avan nah...
Ohas’ton, Ao.
W llm ’ton, Ac
N o rfo lk ........
N. News, Ae.
A ll o tb e r s ...

l,34 6j
1,394!
46}
63 61
355)
7
4,63 lj

Tot. this wk.

1896.

1,313;

252
934
41
98!
31
38
1781
29
1,559

634
3,250
17
973
98
3
123
141
295

9.728

3,207

5,539

........

1895.

1894.

1893.

610

530
1,423
35
348
102
38
443
64
961

250
4,579
243
1,444
31
33
1,242
393
2,498

1,760

3,944

10,713

83
762
80
117
30
25
53

Since Sept. 1 8599,160 6676.48«! 5210.938 7865,690 15918,«43 5061,467

The exports for the week ending this evening reach a total

New O rleans...
Galveston.........
Savannah.........
C harleston.......
M obile...............
Norfolk.............
New Y o r k .. ....
Other p orts___

4,149
4,821
None.
None.
None.
5,000
6,200
2,500

T otal 1 8 9 8 ...
T otal 1 8 9 7 ...
T otal 1 8 9 6 ...

None.
None.
None.
None.
None.
None.
100
None.

6,597
1,121
None.
300
None.
1,000
400
1,500

22,661

100

1,788
11,604

1,100
1,453

Below

10,737
5,942
None.
400
None.
8,500
6,700
4,000

70,566
11,969
9,942
4,426
3,465
10,008
85,998
30,726

10,918

2,600

36,279

227,100

1,636
8,587

1,118
1,491

5,642
23,125

100,996
142,379

Speculation in cotton for future delivery has been moder­
ate ly active, hut the course of prices has been somewhat irregular. Early in the week the tendency was downward
un der continued selling by tired longs to liquidate accounts.
Sn hseqnently, however, reports of too much rain in sections
of the cotton belt east of the Mississippi and talk that thecrop was in need of. cultivation served to stimulate a demand
from shorts to cover contracts and there was also some buy­
ing by outsiders for investment account, induced by the low
pric es ruling. The demand for actual cotton has been quiet,
as expo rters have been only limited buyers and the sales to
spinners have been small. Saturday the market was quiet
but prices advanced about two points on buying by a few
shorts to cover contracts. Monday prices declined 3 to 6
points under selling by longs, particularly of August con­
tracts, prompted by favorable crop prospects.
Tuesday
there was an easier market dnring early ’Change under con­
tinued selling by longs and good crop accounts. A t the
close, however, buying by local shorts to cover contracts ad- .
v anced prices and the close was 1 to 3 points higher for the
day.
Wednesday speculation was moderately active and
prices gradually advanced throughout the day. Foreign
advices came unexpectedly stronger, the result of the nego­
tiations for peace and less favorable crop accounts from the
South, which also started buying by local shorts to cover con­
tracts, and induced limited buying by outsiders, closing 8 to
10 p oints higher for the day. Thursday prices scored an
addit ional advance of 6 to 7 points, on continued buying by
local shorts to cover contracts, and a limited investment de­
mand for outside account, based on the reports received the
past fe w d ays of excessive rainfall and the crop needing
cultivation in some sections east of the Mississippi. To-day
the market was moderately active, hut it was at lower prices,
due to ge neral selling prompted by disappointing foreign ad­
vices and more favorable crop prospects, closing 7 to 8 points
lower for the day. Cotton on the spot hag been steady at
unchanged prices, closing at 6 l-16c. for middling uplands.
On the basis of the rates on and off middling as established
by the Revision Committee, the prices for a few of the
grades would be as follows:
UPLANDS.
G ood Ordinary...........................
M iddling.......................................
Middling Fair"............................
GULF.
Good Ordinary...........................
Low M iddling.............................
M iddling.......................................
Good M iddling............................
Middling F a ir.............................
STAINED.
Low M iddling..............................

of 24,852 bales, of which 12,859 were to Great Britain, 2,653 8trict M iddling...........................

to France and 9,471 to the rest of the Continent.
are the exports for the week and since Sept. 1, 1897.

None.
None.
None.
100
None.
2,500
None.
None.

Good M iddling T in g ed ..............

S a t.

M o n T ues W e d

T ii.

F r i.

413le 4'he 4i3le 413,t 41=16 jPJha
5=8
5=8
5=8
5=8
5»8
5^8
6*1« « } ie
6*16 61,8 61,6
B1®
6=,s 6° ig 6 ’ 18 6=18 K
6°ie
0°i«
6\
6%
6%
6%
0%
6%
S a t.
gw
5Je
6°10
6*16
7
S a t.
4h «
5=8
5-132

M o n T ues W ed

T il.

F rt.

51,8
578
6=18
60,6
7

5 lJ 6
5 7e
«= 16
001S
7

5h 8
5 78
6hs
6» i 8
7

M o n T ues W ed

T il.

F r i.

5*16
5 78
6 5ig
69,8

47le
5=8
5973
6L s

51,6
57s
6 5ie
69is
7

4716
5=8
5273i
61,e

4716
s74 e
5=8
558
52 735 5=7S2
61i0
6 ’ 18

SSi

The quotations for middling upland at New York on
Wuk Ending July 20, 1898. From Sept. 1,1897, to July 29,1898. July 39 for each of the past 33 years have been as follows.

Export*
from—
Galveston......
Tex. City. Ac..
New Orleans..
Mobile...........
Pensacola......
Savannah.......
Brunswick....
Charleston__
Port Royal—
Wilmington...
Norfolk..........
N’port N., AcNew York......
Boston..........
B a lt i m o r e .......
P h il a d e lp h ia ..
Ban F r a n ., A c .

Total..........
Total. 1896-97.

Exported to—
Exported to—_________
1 8 7 4 . ..".0.17
1898.
1 8 9 0 . ...0 .1271Q 18 82. ...0 .1 2 78
1873........ 21
Great
Conti­ Total.
1897. ....... 8
1881. ....... l l 7s
1889. ....... 11=18
France Conti- 1 Total I Great France
1872........ 22
1880. ....... 11018
1896. ....... 77,8
BriVn. I
1888. ....... I I
nent.
nent. Week. Britain.
1871........
20
1895.
1879. ....... H “ l«
1887. ....... 1 0 h «
1,608 0,920 ! 703,,569 299,302 438,150 1,501,071 1894. ....... 7
1878. ....... H U 16 1870........ 20
1886. ....... 90,8
1869........
33%
,710
1877.
24,858
1893. ....... 81,8
....... 123,8
9,,858
1885. ....... 107,8
1 8 6 8 ..---- 29*3
1876. .......11%
1884. ....... 11
1,088
1,117. 284 422,754 802.201 2,342,299 1892. ....... 7*3
1867........
27 >9
.......14%
1875.
1883. ....... 10
73,574 227,976 1891. ....... 8
154,,401
N o te .—On Oct. 1 ,1 8 7 4 , grades o f cotton as quoted were changed .
39,535 113,423
73,,888
A ccording to the new classification M iddling was on that day quoted
73,,740 32,547 627,021 733,908
89,758 247,0.7 *so. low er than M iddling o f the old classidoation,
2,046 2,046 157,
MARKET AND SALES.
236,213 320,330
Si,
8,000
65,834
57,
S a l e s o f Sp o t & C o n t r a c t .
180,807 298,050
F utures
117,
S pot M a rk et
M a rk et
33,074 98.825
Oon- Con­
211
64,
Ex­
211
C losed .
Closed .
port. sump. tract. Total.
5,775 20,079
200
14,
63,177 308,710 717.518
0.882
3,178 11,029 365,
1,837
114
309,889 Saturday .. E asy.................... S tea d y ........ 1,723
5 ,684
436
430 304,
1
792
169
623
B’rly steady.
__
6,020 122,348 219,480 M onday__ Q u iet.................. Steady ........ 1,665
850
92,
1,725
866
60
T u esd a y ... e r n e t ..................
18,354
1,
060
1,438
10,
W ednesday Q liet A steady. Very steady. 1,438
2,065
188,253 147,787 T hursday.. Dali hut steady S teady......... 2,065
1,072 1,072
600 2,032
226
F rid a y ....... Q u iet.................. Q u iet........... 1,206
7,410,077
13,7291 2,062 9,471! 24.962 3,400.280 813,060 3,130,731
600 9,889
569
8,720
Total..
2.221.444 5 ( M . 8 8 9
0,9171 9,248 3,008.201
2,331*

THE CHRONICLE.

234

F u t u r e s .— The highest, lowest and closing prices
Futures at New York are shown in the following table.
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A t t h e I n t e r i o r T o w n s the movement— that is the receipts
for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1896-97— is set out in detail below,

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— tc •—o ; o h i o c b .; cnooto, m **; Mto
to If* 03 03- O O O lO )^ - GOOC• <3 to

00 00

Cb

T he V isible S u pply op C otton' 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 re­
turns and consequently all European figures are brought do w n
to Thursday evening. But to make the total the complete
figures tor to-night (July 29), we add the item of exports from
the United States including in it the exports of Friday only,

Z W Imports into Continental ports past week 50,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 073.875 bales ae compared with the same date
of 1897, a gain of 487,855 bales over the corresponding date
o f 1896 and a decrease of 723,314 bales from 1895.

The above totals show

that the interior

stocks

hav6

decreased during the week 10,710 bales, and are to-night 92,93^
bales more than at the same period last year. The receipts a*
all the towns have been 3,516 bales more than the same
week last year, and since Sept. 1 they are 1,622,636 bales m o r e
than for the same time in 1896-97.
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S i n c e S e p t . 1 .—

W e give below a statement showing the overland movement
for the week and since Sept, 1, as made up from telegraphic
reports Friday night.
The results for the week ending
July 29 and since Sept. 1 in the last two years are as follows.
1897-98.
J u ly 29.
Week.

7ta C a ir o ........................................

1,997
1,743

71a L ou isv ille......................- ........
Via C incinnati...............................
71a o tb e r rou tes, A o ....................

343
415
862

T otal gross o v e rla n d ...............
Ocduct shipm ents—
Overland to N. Y ., B oston , A o ..
Between Interior tow n s.......... .
Inland, A o.,lrovn S outh..............
Total to be d e d u cte d — ..........

Sincz
Sept. 1
866,162
392,643
33,200
16,922
132,651
155,835
191,212

5,360 1,818,625

1896-97.
Week.
1,103
497
117
66
110
78

Since
Sept. 1,
558,434
273,289
22,872
13,951
136,763
150,431
105,914

1,971 1,261,654

837
466
745

503,864
39,786
54,702

1,559
6
6,397

2,048

598,352

7,962

388,583

15,991

873,071

3,312 1,220.273
■saving total net ov erla n d *..
rnolndtni? movement- b y rail to Canada,
i Deductions greater than overland.

322,366
4,722
61,495

the foregoing shows that the week’s net overland movement
;his year has been 3,312 bales, against ------ - bales for the
veek In 1897, and that for the season to date the aggregate net
ivarland exhibits an e x c e s s o v e r a y e a r ago of 347,302 bales.
! „ sig h t and. S pinners’
Takings.
iAoeipfca at ports to Ju ly 2 0 ----- feC overland to July 29.................
southern consu m p tion to July 29

1897-98.
Week.

Since
Sepl. 1.

9,728 8,599,160
3,312 1,220,273
21,000 1,035,000

T otal m a rk e te d ......................... 34,040 10854433
76,593
otorlO rstocks in e x c e s s ............... *10,710
Came Into s ig h t du rin g week.
Total in sig h t Ju ly 2 9 . . . . . —

23,330

10931031

3,170 2,167,301
N orth 'llsoin n ers tak 'g s to J ’ ly 29
' D ecrease during week.
i Less than Sent. 1.
| Deductions greater than overland.

1896-97.
Ifee*.

Since
Sept. 1.

3,207 6,676,486
£5,5*91 873,071
15,000 897,000
i©©
!« ©
j efeo

1897
1896
18951898.
948,000 721,000 644,000 1,406,000
6 ,0 0 0
4.000
11.000
lo,00 u
952,000 727,000 655,000 1,416.000
30,000
.
19,000
23,000
29.000
. 220,000 120,000 147,000
246,000
1,000
7,000
S tock at Amsterdam . . .
2,000
15,000
200
S took at R o tte rd a m ___
.
300
200
200
11,000
S tock at A n tw erp ...........
6,000
11,000
11,000
S took at H avre................
. 185,000 139,000 189,000 403,000
5,000
4,000
6,000
4,000
Stook at M arseilles.......
.
64,000
70,000
74,000
79,000
Stook at B arcelona.......
.
39,000
35,000
50,000
53,000
Stook at G e n o a ..............
fi'V'
39.000
19.000
19.000
S took at T rieste..............
T otal C ontinental stooks.... 557,300 42 4.201» O03,2 gu o T otal European stooks___1,509,300 1,151,200 1,2 0 8 ,2 0 b 2,294,200
74,000
In d la o o tto n a ffo a tlo r E uropee
38,000
36,000
56,000
62,000
35,000
A m er.cotto n a flo a tfo r Europee
64,000
26,000
itgypt.DracIl.&o. .atlt.fo; " " 5
10,000
13,000
15,000
7,000
Stook In United States i
263,379 106,638 165,501 339,474
Stook in U. 8. interior tow ns.
121,674
23,743
47,202
78,161
3,900
5.109
2.006
6,739
T otal visible s u n p lj.......... 2,053,162 1,376,587 1,565,007 2.770,776
O f tb e a b o v e , totals 01 Atnerloan and other descrip tion s are as fo llo w s:
A m e r ic a n L iverpool stook..............b a les. 866,000
604,000 503.000 1,270,000
Continental stooks...................
491.000 336,000 421.000 775,000
A m erican afloat for E u rop e..
62.000
35,000
64,000
26,000
United States sto o k .................
263,379 106,638 16 5.504 339,474
United States Interior stock s. 121,614
28.743
78.164
47,202
U nited States exports to -d a y .
5.109
2.006
6,739
3.900
T otal A m erican................. 1,312,162 1,112,387 1,238,407 2,401,576
B a il Indian, B razil, do.—
L iverp ool sto ck ........................
82,000
117,000 141,000 130,000
L ondon stook.............................
4,000
6,000
11,000
10,000
Continental stooks...................
63,300
88.200 132,200 103,200
India afloat for E u rop e..........
74.000
38,000
36,000
56,000
E g y p t, Brazil, A c., afloat.......
18.000
15.000
7 .000
10,000
T otal E ast India, A o ......... 241,300 261,200 3 27,200 315,200
T otal A m e r ic a n ,............... 1,812,162 1,112,387 1.238,407 2.-161,576
T otal v isible s u p p ly ......... 2,053.482 1,376.587 1,565,807 2,776,776
M iddling U pland, L iv e rp o o l,.
3
4»a»d
SMooii.
328,,,a.
M iddling U pland. New Y ork .
01,, e
So.
7?v,.o.
7 'W
E gypt G ood Brown, L iverpool
47,. d.
53j6a.
65|„d.
6 i3 ,8d.
Peruv.R ongh G ood, L iverpool
6 7sd.
63i«d.
0J«d.
ssfigd.
Broach fin e , L iverp ool..........
3 »,„d .
H ,3d.
34sd.
325,2a.
T lnnevelly G ood, L iv e r p o o l..
3 "n d dOjad.
3 r-ad
S^igd.
S tock at L iv e r p o o l. . . . .b a le s.
S took a t L o n d o n .................... .

. CO* h-*»-*QDH‘ 03 • -OCOtOOO it* M to M to
H ; If* M to
I
c*
J if* ! < 1 co c o m if* 0 1 ; -^ t o c o -o o c n c n c J ic o N J M o o M ^ c n c n ; c o x t o o o
S *
, tv ■ q g C O F H ' M C 0O © >M O O ^ lC 0C 000M C 0-JC C X
GOto COCO \ P ____

* l/ast y ea r’s Ilgures are io r C olum bia, S. O.

9,190

8,446,557
t91,951
8,354,706

26 1.737,998

THE CHRONICLE.

J uly 30, 1898.)

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

Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the w eal.
:LOSINO Q U O T A T IO N S f o b m i d d l i n g c o t t o n o n —

July 29.

Batur.

G alveston. .
New Orleans
M o b ile .........
S avan nah. .
Charleston..
Wilmington.
N o r fo lk .......
B o ston .........
B altim ore...
Philadelphia
Augusta.......
Memphis___
St. L ou is___
H o u sto n ___
C in cin n ati..
L ou isv ille...

5%
5=8
55a
5%
s '*
5=8
54
6hs
6%
6 5n
5 Si
5 ‘ lis
6
0

Mon.

rues.

Wcdnes.

Thurt.

5 U l3
5U is
5U is
5U ,8
5=8
5=8
5148
5=8
5=8
5=8
5=8
5=8
5=8
5=8
5=8
5=8
Nominal. Nominal. Nominal. Nominal.
5=8
5^8
538
5^8
5 7g
5 78
5%
54
64,
6>is
64s
6 ‘ is
630
6=8
638
6=8
64s
6=18
65,8
6 =14
6 l i« 0 *6
6 <£0lia 8®OM| 6
534
5%
5%
5%
5131S
513,8
51=18
51=18
51118
511,8
5 l l is
6
6
6
6
6
6
6
6

F ri
5 U1S
5=8
5146
54
5=8
5 78
61,8
63a
6=18
64=
5%
513le
511,6
6
6

The dosin g quotations to-day (Friday) at other important

Southern markets were as follows.
Athens ............
A tla n ta _______
C h a rlotte.........
Colum bus, Ga.

64
54
54

Oolnmbua, Misa
E n fa o la .. . . . . . .
L ittle R o o k ....
M on tg om ery ...

54
54
54
54

N a sh v ille ___j.
N atch ez........ .
R a le ig h ............
S hreveport.......

5=8
54

5=16

W e a t h e r R e p o r t s b y T e l e g r a p h .— Telegraphic advices

to us this evening from the South are in the main of a favor­
able character. Rain has been quite general, but in some
dirtricts of Texas and Arkansas moisture is claimed to be
needed, while from portions of Tennessee and Alabama there
are complaints of too much rain. Our reports indicate,
however, that the crop is in good condition as a rule and
there are but few reports of rust, shedding, &c.
G alveston, T ex a s. —The weather has been favorable for
field work and cleaning of crops has advanced finely. Rain
would be of benefit. W e have had showers on three days
the past week, the rainfall reaching fifty-five hundredths of
an inch, but more rain is badly needed. The thermometer
has averaged 84, the highest being 91 and the lowest 76.
P a lestin e, T ex a s. — It has rained on four davs of the week,
the precipitation being one inch and thirty-four hundredths.
Beneficial to cotton. The thermometer has averaged 86,
ranging from 72 to 100.
H u ntsville, T ex a s.— Beneficial rain has fallen on two days
of the week, to the extent of seventy-six hundredths of an
inch. The thermometer has ranged from 74 to 99, aver­
aging 87.
San A n to n io , T ex a s. —The week’s rainfall has been one inch
and twenty hundredths, on two days. Minimum temper­
ature, 74.
L u tin g, T exas. —It has rained on three days of the week,
the precipitation reaching forty-five hundredths of an inch ;
more rain is much needed. The thermometer has averaged
88, ranging from 74 to 102.
Colum bia, T ex a s. —There has been rain on one day during
the week, to the extent of fifteen hundredths of an inch. The
thermometer has ranged from 72 to 101, averaging 87.
C uero, T exa s. —There has been beneficial rain on three days
of the week, the precipitation reaching ninety-seven hun­
dredths of an inch. Average thermometer 87, highest 100
and lowest 74.
B ren h am , T exa s. — Rain has fallen on four days of the
week, the rainfall being one inch and twelve hundredths.
The thermometer has averaged 89, the highest being 104 and
the lowest 73.
D allas, T exas. —The week's rainfall has been seventy-seven
hundredths of an inch, on two days. The thermometer has
averaged 87, ranging from 72 to 101.
C orpu s C h risti, T ex a s. —The crop is beginning to need rain.
Rain has fallen lightly on one day of the past week, to the
extent of six hundredths of an inch. The thermometer has
ranged from 73 to 97, averaging 85.
W ea th erfo rd , Texas.—There has been no rain daring the
week. Average thermometer 87, highest 103 and lowest 71.
N ew O rleans, L ou isia n a . —There has been rain on three
days of the week, the precipitation reaching twenty-six hun
dredths of an inch. The thermometer has averaged 83.
S h rev ep o rt , L o u isia n a . — It has rained on three days of the
week, the rainfall reaching fifty hundredths of an inch.
The thermometer has averaged 85, ranging from 73 to 93.
Colum bus, M ississippi. —There has been rain on five days
during the week, to the extent of three inches anl fifteen
hundredths. The thermometer has ranged from 76 to 100,
averaging 88.
L eland, M ississip p i, —Rain has fallen during the week, to
the extent of thirty-three hundredths of an inch. Average
thermometer 79. highest 92, lowest 69.
L ittle R o ck , A r k a n s a s — We have had rain on two days
during the week, the precipitation reaching eighty-two hun­
dredths of an inch. The thermometer has averaged 82,
ranging from 69 to 94.
H elen a, A rk a n sa s. —Beneficial rains have fallen in this
vicinity and crops are in good condition. Locally there has
been light rain on four days of the week, the rainfall being
forty-three hundredths of an inch. Rain, however, is needed
at some points. The thermometer has ranged from 69 to 88,
averaging 78.
Nashville. T ennessee. —The week’s rainfall hBS been two
and one-half inches. The thermometer has averaged 81, the
highest being 92 and the lowest 70.

235

Memphis, Tennessee.— W e have had rain on four days dur
ing the week, to the extent of one inch and ninety hundredths'
and it is raining now. W e have had more moisture than
needed, but generally crops are in good condition. Average
thermometer 80-8, highest 92 and lowest 69 2.
Mobile, Alabama.—Crop reports are less favorable. Com­
plaints are made of too much rain, -succulent growth and
rust. Ruiu has fallen on four days of the week, the rainfall
beiDg one inch and fourteen hundredths. The thermometer
has averaged 83, ranging from 75 to 98.
Montgomery, Alabama.—The crop is in splendid condition.
Rain has fallen on four days of the week, the rainfall bein^
twenty-seven hundredths of an inch. The thermometer has
ranged from 72 to 94, averaging 82.
Selma, Alabama.—Crop conditions continue good, but a
little more sunshine would be beneficial. There has been
rain on six days during the week, the rainfall reaching one
inch and twenty-five hundredths. Average thermometer 85
highest 93 and lowest 71.
Madison, Florida.—There has been rain on three days of
the week, the rainfall reaching one inch and seventy-five
hundredths. The thermometer has averaged 85, the highest
being 96 and the lowest 76.
Leesburg, Georgia.— Cotton is shedding. Rain has fallen
during the week, the rainfall reaching one inch and fifty hun­
dredths. The thermometer has averaged 80 and has ranged
from 70 tq 90.
Augusta, Georgia.— W e have had rain on five days of the
week, to the extent of one inch and forty-one hundredths.
The thermometer has ranged from 72 to 94, averaging 83.
Savannah, G eo rg ia .-W e have had rain on five days of the
week, the precipitation being thirty-six hundredths of an
inch. Average thermometer 82, highest 94 a n i lowest 74.
Charleston, South Carolina.— Rain has fallen on seven days
of the week to the extent of three inches and seventy-five
hundredths. Tne thermometer has averaged 81, the highest
being 89 and the lowest 74.
Stateburg, South Carolina.— Crops are progressing finely.
Rain has fallen on five days of the week, the rainfall reaching
two inches and thirteen hundredths. The thermometer has
averaged 81, ranging from 70 to 94.
Wilson, North Carolina.— W e have had rain on two days of
the week, the precipitation being one inch and eight hun­
dredths. Average thermometer 84, highest 90, lowest 76.
The (ollowingscatem eat we have also received by telegraph,
showing the height of the rivers at the points named at
3 o’clock July 28, 1898, and July 29, 1897.
July 28, *98. July 29, ’97.
Feet.
Feet.
5*3
4-5
7-8
11-8
7'2
156
5*9
51
14*5
15*6

New O rleans.......
M em phis..............
Nashville..............
S hreveport...........
V icksburg............

I n d i a C o t t o n M o v e m e n t f r o m a l l P o r t s .— The receipts
of cotton at Bombay and the shipments from all India ports
for the week ending July 28, and for the season from Sept. 1
to July 28 for three years have been as follows:
1897-98.
Receipts at—
Week.
B om bay...........
Exports
from —
Bombay—
1897-98..
1396-97..
1895-96..
Calcutta—
1897-98..
1896-97..
1895-96..
Madras—
1897-98..
1896-97..
1895-96..
All others—
1897-98..
1396-97..
1895-96..
rotal all—
1397-98..
1896-97..
1895-96..

1896-97.

Since
Sept. 1.

Week.

6.000 1.775,000

1,000

Oontinent.
5,090
2,000
1,000

1,000
i . 60'0

A l e x a n d r ia

Reoeipts (oantars*)___
This week....... .
SlnoeS ept. l ..............

8,uOO 2,115,000

Total.

Great
Brilmin.

Conti­
nent.

Total.

6.000
2,000
1,000

14,000
32,000
71,000

435.000
557,000
715,000

449,000
539,000
786,000

1,000

1,000

5,000

5,Oj O

4.000
7,000
11,000

27,000
69.000
88.000

31,000
76.000
99.000

2,000
8,000
10,000

4,000
16,000
9,000

6,000
24.000
19.000

119,000
118,000
97,000

132,000
146.000
117.000

4,000
6,000
5,000

4,000
6,000
6,000

13,000
23,000
20,000

10,000
8,000
11,000

11,000
8,000
12,000

33,000
75.000
112,0 >0

R e c e ip t s

Alexandria, Eyypt,
July 27.

Since
Sept. 1.

Since September 1.

.........

1,000

Week.

14,000 1,5S5.000

For the Week.
Great
Britain.

1895-96.

Since
Sept. 1.

and

1897-98.

6,514,000
Since
This
week. Sept. 1.

S h ip m e n t s

618,000
585,000
835,000
760,000
909,000 1.021,000
of

1896-97.

C o t t o n .—
. 18.3496.

■
'
l
4,000 1
5.205.000
5,790.000 |
This
Since
Since
This
week. Sept. 1.
week. Sept. 1.

Srports (bales)—
To L iv e r p o o l. .
To C on tin en t!______

2,000 342.000
3,000 453.000

1.000 329.000
3,000 338.000

2,000 334.000
1,000 330.000

Total E u rop e.........

5,000 795,000

4,000 717,000

3.000 664,000

tO fw h lo h e o ^ n e r tn a *n 1897-93,53,015 bales; In 1896-97, 50,395
bales;. In 1895-96,58,615 bales.

236

THE CHRONICLE.

M a n c h e s t e r M v s i s r .— O u r r e p o r t r e c e i v e d b y c a b l e
4 > n \ g h t f r o m M a n c h e s t e r s t a t e s t h a t t h e m a r k e t is d u ll b u t
s t e a d y for b o t h y a r n * a n d s h ir t in g s . T h ? m a r k e t d o e s n o t
r e s p o n d t o t h e m o v e . c e n t in L i v e r p o o l .
-Ve g i v e t h > p r i c e s
f o r t o -d a y b e l o w a n i le a v e t h o s e f o r p r e v io u s w e e k s o f t h is
and la s t y e a r f o r c o m p a r is o n .
1893.

1897.

8 >4 lbs. BMrt- Oott'n
_
8>4 Hit. BMrt- Oott'n
8 ** voV- irtgs, common Mid. 32* Oop. ing$t common Mid,
Iw iit.
tm U t.
toftn est.
Upidi
Upldt
to fin est.
J ’e 24
ju ljl
44 8
■■ 15
44 2 2
44 2 9

d.
d. A. d.
s.
5 * 96*8 4 1LJ96
5U 16* 6 * ,a 4 1 » 6
1 06
5»9 » e * i 8 4 1 f>8
56,s ff67,a 4 O'aflfi
5»ie
0*a 96

d.
d.
Ski 3*16
31830
8
37,.,
S
8
-3 lir .
7L)
73) life

d.
65l0
8%
8Sg
6>a
67,8
67i«

d.
©73s
973s
97M
0739
977,8
^ 7 *ifi

8.
4
4
4
4
4

d.
e.
1 9 )9 6
lk>®0
lk i 9 6
2 ®6
2 U>6
4 2 ®6

d.
7
7k)
7k)
7*3
7^
8

d.
4^
473a

I 7;,,

4633

Ik,

41*32

8 b a I s l a n d C o t t o n M o v e m e n t , — W e have reoeivea this

(Friday) evening by telegraph from the various ports the
details of the 8ea Island ootton m ovem ent for the week. The
reoeipts for the week ending to-night (July 39) and since
Sept, 1,1897, the stocks to-night, and the same items for the
corresponding periods of 1896-97, are as follow s.
189 7-98.
R eceipts to July 29.

1896-97.

Stock.

Since
TM i
Sinee
TAi*
week. Sept. 1 . week. Sept. 1 . 1898.

S a v a n n a h ..........................
Charleston, <So....... .........
F lorida, A c ........................

6 59.233
9,772
6,706

T ota l.............................

6 75,711

21

1897.

33,901
10,397
6,733

6,888
1,656
161

6,891
858
146

21 101,031

8,705

7,895

....

The exports for the week ending this evening reach a toc>^
of 673 bales, of which 578 bales were to Great Britain, 95
to France and — to Rsval, and the amount forwarded to
Northern mills has been 15) bales. Below are the exports
for the week and sinoe September 1 in 1897-98 and 1896-97.
S xporte
from —
S avannah...
Cliarl’t'n.& c
F lorida, <fco.
N ew Y o rk ..
B o s to n ........
B alt., &o___
T o ta l........
Totall898-7<

Week E nding July 29 Since Sept. 1 ,1 8 9 7 .

North*n Jfi. i.

Great V r’nce
Or eat Fr'nce
Total.
Total. BriVn.
c6c.
B rifn .
<6 c.

efxno
Week. Sept.l

"5 7 8

95

578

95

29l .........

12,155
4,529
2,275
” 673 7,837
3,449
2,354

3,234 15,389
64 4,593
2,275
5,233 13,120
3,448
225 2,579

150 24,380
1,997
6,506

673 32,648

8,756 41,404

150 32,883

29 47,396 10,643 58,039

345 33,369

A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New Y o rk , and some sm all amounts via
Boston and Baltimore. Instead o f including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table o f including it when
actually exported from New Y o rk , &c, The details of the
shipments of Sea Island cotton for the week will be found
under the head “ Shipping N ew s,” on,a snhiequsnt page.
Quotations July 29 at Savannah, for Floridas. common,
8>£e.; medium fine, 9t£o.; choice, 13c,, all nominal.
Charleston, Garolinus, medium fine, off color, 10c.; fine,
14 K @ 1 5c .; fully fine, 19 to 20o.; ’ extra fine, 30c.
N e w E n g l a n d C o t t o n M i l l S i t u a t i o n . — The Farnum s-

ville (M ass.) cotton mills have shut down, owing to the low
prices for print cloths. The Cocheco M nfg. Co., Dover,
N , H ,, have suspended operations for the current.week. The
Nam quit cotton m ills at Bristol, R , I ., will remain idle
during the month of August. It is currently reportei th at
with but two exceptions all the m ills at F all River have
signed the agreement to curtail production for.four weeks or
longer.
L o u i s i a n a ’ s F ir s t B a l e .— The first arrival (two bales) of

new cotton raised in Louisiana was received at New Orleans
on Monday, July 25, from Hard Times Landing, Tensas Par­
ish, They classed good middling, weighed 4.35 and 374
pounds, respectively, and sold by auction at 8c. per pound.
Last year the earliest was on July 81, in 1896 on July 23 and
in 1895 on August 12.
N e w G e o r g i a C o t t o n .— The first ba'e of new cotton raised
in Georgia was received at Savannah to d a y , Friday, July
29, from Albany, Ga. Last year the first Georgia bale reached
Savannah on August 2, in 1896 on July 23, in 1893 on A u g­
ust 12, in 1894 on August 11 and in 1893 on July 29.
■at*. E ijxktian C r o p .— Mr. Fr. Jac. Andrea, of Boston, has fur-nishecr us the report of the Alexandria General Produce
Association for the month of Jane as follows :
The weather has on the whole been very hot during June—the
hottest for som e years past. The young cotton pi nits have therefore
largely bench ted by It; they are strong and look splendid, having as a
rule regained, ex cept In som e parts o f the Oliarkleli and Oallouhleh,
the backwardness referred to in past resumes. Here and there eggs
and small caterpillars have been observed, but the great beat quickly
d estroyed them and no dam age has been done. Notwithstanding the
low state o f the Nils, the rotation system has been strictly carried out,
and the water, therefore, with hut few exception", has been last
sufficient. The question is. will it he so in July 1 There is necessarily
som e an xiety on the subject, July being the m ost difficult m onth for
irrigation; and the rise o f the Nile so far it rather late. The crop
inform ation from U p ror E gypt and Fayoum is good —there is not
the same anxiety about water.

[Vox., L X V I

G o v e r n m e n t W e e k l y C o t t o n R e p o r t .— Mr. W . L . Moore,
Chief of the Weather Bureau of the Agricultural Depart­
ment, made public on Tuesday the following telegraphic
reports on the crop in the Southern States for the week
ending July 25:
V ir o i s i a .—'W arm, show ery weather has occasioned oxoellont orop
growth, but Interfered somotvliii w ith o u td oor w o r k ; ootton grassy.
N orth C a r o l i n a .— M oderate rains, sufficient suusliiue an ; high
temperature, v ery fa vora b le; all oropa m aking vigorous grow th bu t
many very g ra ssy ; cotton Im proving, though fruiting slow ly, being
laid by.
S ou th C a r o l in a , —High tem perature with numerous siio vera kept
crops grow ing rapidly; ootton looks prom ising generally, som e rust
and shedding, m any grassy fields cleaned during the week,
G e o rg ia .—C otton grow ing and fruiting fast, but rust Is spreading
and black rot Is reported In several o m ntiea; cotton being laid by.
F lo r id a .—Warm, with frequent showers and heavv rains over w est­
ern and p ortions o f northern district, rule needed in "aeotions o f central
and southern c o u it le s ; as a rule, w eek fa vorab le fo r erop grow th,
though cotton has boon dam aged b y rust and is shedding fruit.
A l a h a m a .—Considerable decrease In rainfall was favorable to crops,
nearly a ll of whleh are laid b y ; cotton shedding and rusting som e, bat
is generally in splendid condition, fruiting heavily and beginning to
open.
M ississippi.—'Too m uch rain for ootton. which Is grassy and is shed­
ding, som e abandoned in plaoes on low lan ds; many reports, how ever,
show favorable conditions fo r cultivation.
L ouisiana . - T oo m uch rain In localities o f southern p arishes; c o t ­
ton grow ing and fruiting w ell where least rainfall, but grow ing too
fast to fruit well where rains wore g en erou s; few er com plaints of rust
In cotton, hut som e shedding on thin lauds.
T e x a s .—W eek o f generally dry weather and high tem perature, u n ­
favorable for m ost c r o p s ; cotton in good state or cultivation, laying
by progressing and crop generally prom ising, but M exican b oll
weevil spreading, rust and shedding r e p o r ts !, crop needing rain In
localities, fruiting fairly well, pioklng oommsncaJ. In south portion,
but not general.
A rkansas .—Weather too dry and hot, e t o e p i In northern p ortion ,
where showers revived crop s; cotton p rospects still good, though
some shedding and turning y ellow on uplands
T ennessee .—W arm, w ltn generally light and unevenly distributed
rainfall; ootton in average condition but not fruiting well.
O k l a h o m a ,— Cotton everyw here b o ilin g and g row ing fa s t .
M issouri .—Ootton doing well.

These reports on cotton are summarized by the Depart­
ment as follows:
Reports of rust and shedding, though probably som ewhat less
numerous than in the previous w eek ,con tin u e from the cen tra l and
Eastern portions o f the cotton belt, where excessive rains in some
sections have caused too rapid grow th of stalk. The crop is in need
of cultivation in portions o f South C arolina, M ississippi and Louisiana,
some Helds on low lands o f M ississippi having been abandoned. In
Texas the orop is generally prom ising, but boll weevil are increasin g,
and it needs rain in looaltiles, Picking has com m enced In Southern
Texas, and cotton is beginning to open in Southern’ Alabam a.
M e m p h is D is t r i c t F i r s t O p e n B o l l — The first open c o t
ton boll of the season 1.893-99 was received by the Memphi
Cotton Exchange July 28 from C. W . Hn3sey, Crews, Tunica
County, Miss. This is two days earlier than last year and
four days'earlier than In an average year.
J u t e B u t t s , B a g g i n g , & c . — B a g g in g h a s b e e n in f a ir ly
g o o d d e m a n d d u r in g t h e w e e k u n d e r r e v ie w , a t r e v is e d q u o ­
ta tion s, v i z .: 6c. f o r 1
lb s . a n d 6Li'c. f o r 2 lb s o f s t a n d a r d
g r a d e . T h e m a r k e t f o r j u t e b u tts h a s b e e n d u ll, Q u o t a t io n s
are n o m in a lly ’SOc. f o r p a p e r q u a lit y a n d l$ £ e . f o r m ix in g .

%

S h ip p in g N e w s .— A s shown on a previous page, t h e
exports of cotton from the United States the past week have
reached 24,852 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
S aw Y o r k —T o Liverpool, p er steam er Cym ric, 6,231 upland
and 378 Sea Island ........................................................... .......
To Hull, per steamer F ra n cisco, 70............................................
To Manchester, per steam -r Cameria, 2 iO Sea Island..........
To Havre, per steam er La Navarre, 674 upland and 93 Sea
Islan d..............................................................................................
To Bremen, per steamers Pniiz, Regent L ultpold, 5 1 6 ___
T race, G16...........................................
To H am burg, per steamers Bulgaria, 50 J___ Syria. lOu___
To Genoa, per steam ers Ems, 62 0___Hesperia, 200........ ......
To Naples, per steamer Ems, 1 2 ...................... ..........................
To Japan, per steamer John Sanderson, 6 1 1 ..........................
New Orleans —To H a vre—July 23—Steamer Im perial Prince,
1,583.........................................................................
Galveston —T o L iv erp ool—July 25—Steamer H oratio, 5 ,4 1 2 ..
To H am burg—Ju ly 27—Steamers B eeforth and Freshfleld,
1 .5 0 8 .. . ; .......................................................................................
Brunsw ick —T o B r e m e n -J u ly 27—Steamer D.-omore, 2 .6 4 5 ...
No r fo l k —To H amburg—July 23 Steamer A lbano. 10.).......
July 20—Steamer C orcovado, 1 1 1 ................................
BOSTON—To L iverpool—July 1 0 -S tea m er Virginian, 4 3 ____
July 21 —Steamer Roman, 105.......luLy 2 5 —Steamer Saga­
more, 2 8 7 ,.......................................................................................
To Yarmouth—July 23—Steamer Boston, 1 ........................
BALTIMORE—To B rem en—July 2 5 -S team er Ellen Rickmers,
8 5 6 ..
..............................................................................
S an F rancisco —T o Japan—Ju ly 26—Steamer Gaelic, 5 7 5 .......
To Chin i —July 26 -S team er Gaelic. 2 10. ....... .......................
BiiArrLE—To Ja p a n —July 27—Steamer Y am ig u ch l M ara, 297.
T ota l................................................................... ................................

6,612
70
200
969
1,132
600
820
12
614
1,683
5,412
1,508
2,645
211
435
1
856
575
200
297
24,852

The particulars of the foregoing shipments, arranged in
our usual form, are as follows.
Great French

ll
Ji lf t (’ft.

/nm’
2*w
f !v

Qer- s—Olh.JQ'rope—J M eclco,

iti.'nit/ , iVni‘
\ Ul l//i
/ t , <Qn
3 u 1<1K/h
/L

A
Ie aC<

X
iwm
Vi tnl
v si
(IJ
sCi'IZ, T
lOiCll*

New Y ork . 6,832
969 1,732 .........
832 .........
614
N. Orleans.............. 1,633 ...............................................................
Galveston. 5,412 .............. 1,508
Brunswick
...................... 2,645
N o rfo lk .................................
211
B o s t o n ....
435 ..................................................
1 .........
B altim ore..........................................
856 ................. , ................
San F rau.......................................................................
200
575
Beattie.........................................................................................
297
T o t a l.... 12,729

2,652

6,096

856

832

20L

1,436

11,029
1,633
6,920
2,645
211
436
856
775
297
21,952

To Japan since September 1 shipments have been 131,519
bales from Pacific Coast, 8,700 from New Orleans, 28,039 bales
from Galveston. 7,100 bales from Pensacola, 4,5 JO bales from
Mobile and 29,024 bales from New York.

THE CHRONICLE.

J u l y 30, 1898.J

Cotton freights at New York the past week have been
as follows.
Satur.

Mon.

Kies.

Wednes. Thurs.

15t
15t
15t
L iv erp ool..........
q
H a vre.................
M
22t
22t
22t
B rem en.............. .c.
25t
251
25t
H am bu rg........... .c.
301
30i
301
Am sterdam ....... .c.
—
....
....
R eval, v. Hamb .c.
....
....
D o v.B rem ’n.c.
....
33t
33t
D o v. H u ll.. .c.
33!
301
301
30i
R otterdam .........
so t
301
30t
G e n o a ................ .d.
321
32t
321
Trieste............... .d.
%
%
A ntw erp............ .d.
%
G hent.v.Antw ’p.d.
532
532
532
t Cents net p er 100 lbs.
L i v e r p o o l . — By cable' from Liverpool

Fri.

151
>4
221
25t
301

15t
q
221
251
301

15t
q
22'
25t
301

....
—

....
....

—
....

33t
30t
30t
321
%
5S2

331
301
30t
321
%
®32

331
301
30
32t
%
53B

we have the follow
ing statement of the week’s sales, stocks. & c., at that port.
J u ly 8.

July 15.

50,000
50,000
Sales o f the w eek.......... bales.
1,500
1,600
Of w hich exporters t o o k ...
1,100
700 j
O f w hich speculators took.
4S,000i
47,000
8 a es A m e r ic a n ........................
12,000
8,000
A etna e x p o r t ..—'.....................
50,000
55,000
F orw arded.................................
Total stock—Estim ated.......... 1.066,000i 1,041,000
O f which A m erican—Estm’ d 97*,000' 958,000
36,000
22,000
Total im port o f the w e e k .......
30,000
17,000
Of which A m erican ..............
28,000
47,000;
Am ount afloat...........................
20,000
40,000!
O f which A m erican..............

July 22.
51,000
2,700
100
48,000
5,000
60,000
995,000
910,000
19,000
13,000
24,000
17,000

July 29.
54,000
1,600
100
50,000
6,000
51,000
948,000
866,000
10,000
6,000
28,000
18,000

The tone of the Liverpool market for spots and futures
each day of the week ending July 20 and the daily closing
prices of spot cotton, have been as follows.___________________
Spot.
Market, )
1:45 p . M.J

Bat’day. Monday. Tuesday. Wed’ day. Thursday Friday.
M od era te
dem and.

Q u ie t .

F ir m .

F ir m .

87ia

3 1 5 33

3153j

10,000
500

8,000
500

Mid. Upl’ds.

313^2

3133j

3 1 3 32

Sales............
Spec. & exp.

6.000
300

8,000
500

8,000
500

cline.

S tea d y at
p a r t ia lly
1-64 d e o .

Q u ie t a t
p a r t ia lly
1-64 d e e .

Q u ie t a t
p a r t ia lly
1-64 a d v .

B a r e ly
stea d y .

Q u ie t .

S tea d y .

F ir m .

Future*.
M arket, l
1:45 P. M. {
M arket, j
4. P. M. J

Quiet

at
1 -64 d e ­

Q u ie t a n d
tirm.

M od era te
dem and.

10,000
500

S t e a d y at S te a d y a t
2-64 2-8 4 a d ­
d e c lin e .
vance.

l-n4

Q u ie t .

B a rely
stea d y.

The prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Low Middling
olause, unless otherwise stated.
J u ly 23 to
July 29.

Ju ly..............
J u ly -A u g . ..
A u g .-S ep t...
Sept.-Oot___
O ot.-N ov___
N ov-,D eo. ..
Deo.-Jim ___
Jan.-F ob___
Feb.-M arch.
M oh.-Aprll..
April-M ay ..
May-J une...

S a t.

; VI o i l .

|

T fle a .

W ed.

T iiu r * .

F r i.

1 2 V 1 1:45 4 1:45! 4 1:45 4 ,1:45 4 1:45 4
P.M. P. M. P. M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
d.
d.
d. 1 d. ! d. | d.
3 21 3 21 3 22 3 21 3 20 3 20
3 21 3 21,3 22 3 21 3 2013 20
3 20 3 20 3 21 3 21,3 19 3 20
3 1913 19 3 20 3 ID 3 18 3 18
3 1813 18 3 19 3 18 3 18,3 16
3 17,3 17 3 18 3 18 3 17 3 17
3 17 3 17 3 18 3 18 3 17 3 17
3 1713 1 7 3 1 8 3 18 3 17 3 17
3 18 3 18 3 19 3 1 8 3 18 3 18
3 19 3 1 9 3 20 3 19 3 19 3 19
3 19 3 19 3 20 3 2 0 3 20 3 19

d.
3 21
3 21
3 21
3 19
3 19
3 18
3 18
3 18
3 19
3 20
3 20

d. 1 d.
3 23 3 23
3 23 3 23
3 22 3 22
3 21 3 22
3 20 3 20
3 19 3 20
3 19 3 20
3 19 3 20
3 20 3 2<»
3 21 3 21
3 21 3 22

d.
3 23
5 23
3 22
3 21
3 20
3 20
3 20
3 20
3 21
3 21
3 23

d.
3 25
3 25
3 24
3 22
3 22
3 21
3 21
3 21
3 22
3 23
3 23

d.
3 25
3 24
3 23
3 22
3 21
3 20
3 20
3 20
3 21
3 22
3 22

BREADS TU F FS .
F r i d a y , July 29, 1898.
Reflecting a decline in the prices for the grain there has
been an easier market for wheat flour. Although the offer
ings of new crop winter-wheat flour have been by no means
large, they have been increasing steadily latterly, and as
there has been nothing in the situation other than a lower
range of values to induce buyers to take hold, the volume of
business transacted has been of only very moderate propor­
tions, the purchases made having been, as a rule, confined to
small lots to meet actual requirements. The export business
has also been quiet. Rye flour has had only a small sale, and
prices have ruled in favor of buyers. Corn meal has been in
moderate demand and has brought steady prices.
Speculation in wheat for future delivery has been fairly
active, but it has been at steadily declining prices, due to
general selling, prompted by a free movement of the winterwheat crop, dull and easier foreign advices, and favorable
prospects for the growing spring-wheat crop. There has
been considerable pressure to sell in the cash markets under
the free arrivals of new crop wheat, and prices have declined.
A t the lower prices exporters have been free buyers, partic­
ularly at outports.
Saturday the market was quiet, but
prices made fractional advances on some buying ov shorts
to cover contracts. Monday prices declined 3>^c. for -July
and %<®%c. for other months. There was moderate selling
by longs to liquidate accounts, and a free movement of the
crop prompted considerable selling for short account. Weaker
foreign advices also had their influence against values.
Tuesday prices declined 4c. for July and
for

237

other months, under general selling induced by the increas­
ing pressure of actual supplies upon the market due to a
free movement of the new crop, the receipts running con­
siderably in excess of last year's. Wednesday the market
was again weaker, prices declining
in response to
weaker foreign advices, the markets abroad breaking badly
under the free offerings from America of new wheat. There
was also some selling for foreign account. Thursday prices
advanced
o. for the distant deliveries as there was solie
buying by shorts to cover contracts based on less favorable
weather in the United Kingdom and France for harvesting.
To-day the market was weaker,^prices for the distant deliv­
eries showing a decline of lAgc. under general selling,
prompted by weaker foreign advices and a continued free
movement of the crop. The spot market was fairly active;
the sales for export here and at outports were 368,000 bushels.
DAILY CLOSING PRICES OP
Sat.
July d e liv e r y .............. ..c .
82 q
September d elivery.. . . 0 .
73
December d elivery...
72

NO. 2 RED WINTER WHEAT.
Mon. Tues. Wed.
Thvtn.
79
75
74
73*2
69%
72^4
70%
70%
71%
70%
70
69*2

F ri.
74
69
68 7e

There has been a fair amount of activity to the speculative
dealings in the market for Indian corn futures. The course
of prices has been irregular. Early in the week the tendency
was upward, as bull traders were fairly active in their opera­
tions and there was a demand from shorts to cover contracts
stimulated by the reports that the growing crop was suffering
from lack of moisture. Tuesday and Wednesday under re­
ports of some rainfall through the corn belt, prices weakened,
as there was some pressure to sell by longs to realize profit.
Thursday the market again turned stronger, prices advancing
Mc.@JgC. on
general buying, based on crop-damage
talk. To-day prices broke badly under reports of rains in
the corn belt, closing li^ c .@ l}^ c . lower for the day. The
spot market was active, the sales for export here and at
outports being 400,000 bushels.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN.
Sat.
Mon. Tues.
Wed. Thurs.
38
38%
37%
38%
38%
38 79
38%
38%
39%
39%
40
39
39*8
39%
3978

July d elivery .................o.
September delivery___o.
D ecem ber d e liv e r y ....c .

F ri
37%
377s
38q

Oats for future delivery have been quiet. Early in the
week the tendency of prices was upward in sympathy with
the advance in corn and a disappointing movement of th e
crop. A reaction followed in sympathy with the weakness
of other grains, but on Thursday prices advanced slig h tly ,
the continued limited m ovem ent of the new crop being the
strengthening feature. Business on the spot market has been
only moderately active. To-day there was an easier market,
prices declining J^c. in sympathy w ith the weakness in oth er
grains.
DAILY CLOSING PRICES OF NO. 2 MIXED OATS.
Bat.
Mon. Tubs.
Wed.
Thurt.
September d eliv ery ___o. 25*8 2 5 7a
25%
25%
25%

Fri.
25%

Rye has had a moderate sale, but at lower prices. Barley
has been about steady. The first sales of new crop have been
made during the past week.
The following are closing quotations:
FLOUR.
$2 50 -©2 70
Patent, w in te r....... $4 00 © 4 60
90
City mills, e x tr a s .. 5 10 ©5 2 0
2 40
Rye flour, superfine 2 50 © 3 00
2 90 ©3 15
Extra, No. 1 .......... 3 20 ®3 55
Buckwheat flo u r...
Corn meal—
3 50 ©3 95
Western, eto____ _ 2 20 ® 2 30
3 70 ® 4 45
B ra n d y w in e.......
2 35
4 50 ©5 10
[Wheat flour in saoks sails at prioes below tboae tor barrels.]
GRAIN.
C om , per buah—
o.
o.
Wheat—
o.
o.
Western m ixed ............36% ® 39%
Hard Duluth, No. 1. Nominal.
No.
2
m
ixed
.................3678®
393s
Red Winter, N o ..2.. 7 l% ® 75
Western Yell'ow.......... 37% ®39%
Hard Man., N*. 1 .. Nominal.
_ W estern W hite............37% 939%
Northern, So. 1 . . . 7 3 ft 80
H—
Data—M ix'd, j e r bah. 26 % a 29
estern, per buah....4 9
W h ite .. ................. 31 ® 37
State and Jersey .........4 5 ® 52
No. 2 m ixed ............ 28
a 29
Barley—W
e stern ...........4 2 a 50
No. 2 w hite.............. 32 9 33
F e ed in g ....................... 36 ® 37

The movement of breadsfcuffs to market as indicated in th e
statements below i3 prepared by us from the figures col­
lected by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending July 23, and
since Aug. 1, for each of the last three years, have been as
follows:
Receipts at—
C h ic a g o ..........
M i lw a u k e e ..
D u l u t h ..........
M in n e a p o lis T o le d o ............
D e t r o i t ..........
C le v e la n d . . .
S t. L o u i s ___
P e o r i a ............
K a n s a s C ity .
T o t .w k .’ 98.
S a m e w k .’97.
S a m e w k .’ 96.
Since A u q . 1.
1897-98............
1896-97............
1896-96...........

Bye.
Barley.
Oats.
Com.
F lo u r .
Wheat.
Bbls.mibs Bush.00 lbs,Bush.oQlbs Bush.32lbs BushASlbs Bu.66 lbs.
53,509
16,600
1,303,111
1,472,125
303 328
47,380
18,000
10,400
188,000
133,900
25,150
44,200
80,550
411
697
3,050

41,312
260.930
1,001,221
96,122

68,750
71,400
110.390
38,476

21,320
3,300

277,127
17,250
594,090

48,405
92,750
151,000

920
85,080
7.030
13.128
103,224
60,665
144,650
41.000

181,888
257,017
208,730

3,695,991
3,270,777
3,934.614

2,3L3,19i
3,263,870
2,310,136

768

8,804
3,255

1,411
700

3 ,000

1.635.378
3,600.029
2,15^,011

23,463
181,001
209,831

87,479
113,931
83,371

11,140,872 222,267,(501 238.937,823 179,521,010
11,575,258 183,302.803 183,001.851 177.037,860
11,017,035 200.fi88.S53 120.508.085 151,291,893

35,604,536
89,183,982
39,475,378

7,337,318
4.255,368-

The receipts of flour and grain at the seaboard ports for the
week ended July 23, 1898, follow:

238

THE CHRONICLE.
F lo o r ,
bbU .

R ie flp ti a t—
S o w Y oi-Ji...............
1 1 3 * 1 0 0 --..-..-...M o o C r e A l...........
P M U fla ip h U . . . . . . . .
...
K t e U a io o d .............

39.369
16,1'nJ
a s ,.p o
1.24.1

N m r p o n N o w * ..,
0 * iT a * io n . . . . . . .
T o is iw o o k ... ...
W o e k 1 897..............

244.142

fP T u at,
b ush.
87I.BAO
131,984
10J.V9J
U »U4
499,745
6.*4 4
8L2V0
66 005

O om ,
5 sisA
335.225
34-*,014
7 4 8 164
63.490
149 8-J7
4,112
0L 7 0 4
77,000

BiiWtfy.

O af*,
b u j^ .
1,054,900
141.464
159,715
66 739
68,040
4.270
8 9, U 0

111,000

3 ,000

4,000

1 .6 3 6 .1 3 )
1.966,099

1,8004)62
9,471.097

1,673,807
L, 901,379

bu*h.

5ujh.

2 0.725

?7.rtU
29,538

7.500

»00

0,4'K>

61,781

8.3'>0
00,301

885.005
370,305

* !ta*}<0pt-4 il' n o t in c lu d e uram piualuu throiutu N®w O rloan* f o r forolkD
oft* ot* ihr^iw i b ill* o f U diu g.

Total receipts at porta from Jan. 1 to July 23 compare as
follows for four years:
1803.
10.333.t2L

1807.
0.057,787

1896.
7.406,665

1895.
8,641,244

W h e a t .................. ...b n « h . 67.663,437
12l.333.440
“
57,421,160
••
2.9*4.444
8,701.161
B y e , . , . ..................

05,509,148
104 018,200
42,372,348
0,751,017
4,018,387

27.984,981
49,537,03)
36,303,825
4,430.271
1,508.675

17.081,314
22 573,281
2J,607.2d6
1,421,619
184,618

951,132.620

183.001,100

F l o u r ......... .

T o ta l t r a in -.

112,670,603

62.719,118

The exports from the several seaboard ports for the week
ending July 33. 1898. are shown in the annexed statem ent:
W heat,
E xp orts from - bush.
N ew Y o r k ....... 020,971
93,760
B o s t o n .............

Corn
bush.
398,488
285.8)1

Flour,
bbls.
40.312
9,413

Oats,
bush.
690.037
80,461

P h ila d elp h ia ..
B a ltim o re .......

476,220
77ASC9
2.L39

9,179
21,933
2,121

2 n .’ oi
859,013

12.00')
20,006

40,800
93,371
825
........

N o r f o lk ...........
N e w o ’rt News
M on treal . . . . .

125.000
2,400
s*.ooo
88,000
149.264

T ota l w eek .. 1,131.301 2,SO/.Ufl
Sam s t im e '97,1,0.6,188 2.081,90S

R ye,
bush.
74,818

Peas,
bush.
6,238

B ir le y
bush.

........

265.803

10,930

69.111

‘ l 1,949

12(1,957 1.176.979
SL0.J85 1,103,821

174.4S8
207,775

8I.SI9
51,931

11.919
107,208

r----------Flour.-----------. ,---------W h e a t.--------- , <------------ Corn.----------E xport* fo r
W eek
S ince Sept.
W eek
Since Sept.
W eek
Since Sept.
week and Hnce J u ly 23.
1,1897. J u ly 23.
1,1 8 9 7 .
JuZy 23.
1. 1897.
Sept. I t o —
fcola.
b b l* ._
bush.
bush. _
b u s h ._ _ bu*h.
671,017 01,046,048 3,341,683 85 906,183
U n ited K in gd om
83.84 9 9.025.079
524,4 &5 51,202,317 1,611,007 93,900,230
Continent.......... 14.727 1,3<J0>26
871,297
.......................3.203
155,253
872,929
2.400
S. A C. America.
9,709
8,317
1,444.168
930.P07
1,376
West Indies....... 12,009
31,450
157,0:31
231,933
2,700
Br. N. Am. Colo’s
1.307
21,789
1,303,016
35,519
S0Q.15S
1,058,950
Other countries..
4,370

120.957 "l9j20^67 V 83,391 1 1 7 ,2 4 2 ,7 2,997,159 183,282,209
T o ta l
210,3Wo 10.9S4.5S8 1,076,123 54,762,688 2,061,968 156,245,887
Total 1890-7..
T h e v is ib le s u p p ly o f g r a in , c o m p r is in g the stocks i n
g r a n a r y a t the p r in c ip a l p o in t s o f accumulation at lake and

Albany

B arley
bush.
10,006

1 2 ,0 0 0

127,000

7,802.000

559,000

81,000

io .o o o

2,810,000

30.000

9,000

40,00’

451,066

50,000

15,000

C om ,
bush.
1,622,000

299,000

0.0 00

afloa t..........
Do
316.000
C h ica g o ,.
Do
a flo a t.........
81,000
M ilw a u k ee ....................
a flo a t...........
Do
1,526,000
D u lu th ...
DO
a floa t...........
170,000
T o l e d o ...
a floa t...........
Do
63,000
D e t r o it ..
Do
a floa t.........
0 * w e g o ..
65,000
St. L ou is
a flo a t..........
Do
C in cin n a ti.....................
8 .000
B o s t o n ..........
16,000
T o r o n t o .......
Montreal.......
80.UUU
17.000
P h iladelph ia..
P eoria .............
.
157.000
. l h l .0 00
. 444,000
. 4,074,000
M in neapolis

THE

R ye.
bush.
19,000

176.000
570,000

Oats
buth.
207,000
72,000
60,000
553,000

w h ea t.
bush.
727,000

18,000

e,i bo

87.000

10 ,0 0 0

43,bf d
311,000

50,000

1 ,0 0 0

s.dod

1 0 2 .0 0 6

5,000
5.000

N ew Y o r k to J ui. y 25,

1898.

1897.

Week. Since Jan. 1.

Week. Since J on . 1

Great Britain......... .............
I ll
*31
Other E uropean.....................
China........................................ 14,003
India........................................
1
Arabia...................... ..............
A lrioa......................................
50
331
West. Indies.............................
M exico.......................... .....
51
114
Central Am erioa....................
South A m erica......................
139
230
Other C ountries............ .......

2,163
750
104,430
8,744
20,387
*,084
8 380
2,511
4,237
29,302
12,463

12
14
9,554
173
775
50
309
68
318
7 95
57

2,907
2,177
89,272
4.335
15,824
12,348
8,347
1,891
4,928
28,911
2,763

T o t a l . . . . . . . ...................... 15,101
OhIna, via V an cou v er'___

202,051
6,177

12,130

173,703
12,300

T otal.................................. 15,101
208,228
■ From N ew England m ill points dlreoc.

12,130

188,003

17,000

28,0< 0

138.000
33,000

82,000
84,000

14,0(X

. 1,1 6 ’.000
75.000

1.981.000
1.068,000

589,000
825,000

109,000
83,000

113,000

. 9.3ti?.6db
.10.461.000
.16.081,000
.47.142,000
,30,229.000

18 670,000
19 983,000
10,170.000
8,810,000
6.207. f 00

4,872.000
5 577,000
6,051.000
0 637,000
4,887.000

481,000
460,000
1,771,000
1,557,000
154,000

345.000
3^5.000
054,0 0
740,000
40,000

K

6
& H- —

%

912,000
77,000
62,000
22 ,0 0 0
1 1 ,0 0 0

The value of the N ew Y o rk exports for the year to date
has been $7,083,963 in 1898 against $6,722,985 in 1897.
W ith the leading mills still in good condition, heavy brown
sheetings and drills, in face of a quiet business, show no loss
of strength, prices being well maintained. In the lighter
weights sellers are easier to deal with and quotations occa­
sionally l-16c. lower. Ducks strong with limited supplies.
Brown osnaburgs slow and easy. Bleached cottons dull and
prices unchanged. W ide sheetings inactive. Cotton flannels
and blankets scarce and firm, Denims dull but steady. Ticks
igreguiar. Other coarse, colored cottons in indifferent request
at previous prices. Kid-fiiiShed cambrics inactive and easy.
Dark fancy calicoes in moderate reorder demand at steady
prices. Indigo blues are quiet and other staple lines without
special feature. Ginghams steady throughout, with moderate
sales. Print cloths have sold more freely, sellers accepting
bids previously declined, such as 2c. for September deliveries
of regulars. Prospects of short-time at Fadl River are favor­
able.
F o r e ig n D r y G o o d s . — A dull market in the foreign goods
departments has been reported this week. Bayers maintain
their indifferent attitude towards supplies for fall in all lines
but sellers, looking for later developments, make no material
chaBge in prices.
K

1 2 ,0 0 0

GOODS

p o in ts s p e c ifie d in t h e t a b le s b e l o w :

I m p o r ta tio n s a n d W a r e h o u s e W i t h d r a w a l s o f D r y D -a o d i

OP.uOo
141,000
141,000
42.000
63,000
043,000
C87.000

DRY

situation. Clay worsteds have been to a considerable extent
neglected. Reorders for heavy-weight trouserings and suit­
ings of moderate extent at previous prices. A large auction
sale of overcoatings and cloakings has been announced for
next week and the regular demand is checked thereby to
some extent. Satinets are quiet and doeskin jeans dull.’ In
fall dress goods a moderate business has been done, but tne
situation in these is still unsatisfactory.
Flannels and
blankets generally firm, with light supplies offsetting a quiet
demand.
D o m e s t ic C o t t o n G o o d s .-— T h e e x p o r t s o f c o t t o n goods
from t h is p o r t f o r t h e w e e k e n d in g J u ly 25 w e r e 15,401
p a ck a g e s, v a lu e d at $547,080, t h e ir d e s t in a t io n b e in g to tne

8^650

The destination of these exports for the week and since
September 1, 1897, is as b9low.

I n store at—
avr Y o r k ....... .
Do
afloat..

[V o i. 1X V II.

M
H 5. >■
h-

s

Q•
o

y-t

4

%

a»:
n
o•
o•
s& 8 :

P-

s? g-H - s ° 13
§a>.i

i.
.

;

©•

0;

6 ,0 0 0

TRADE.

C5M

05
M

CCQ0

to w
hO M
M WCOOtjCJ*
* 'J H O C D

pM
® la
03 M
OO CO

w
W C1H M M
1C tOMOOCT*
^ J * * 4 X -J

b to
fDM
-400
MtO
00 T5
1* CD

W ***> M
J -lp p p p
M b V tow
CJO-J M — CO

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COCO

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CMCOCD-1 -1
tO tO COO’ 00

to o ***

MMMtOt-*

pppM p
<jVibwo

CO

CDtO
-1 H
*0

M

MO

tOWMCJC"
to -J to M W
C J tob b "*CN05
!M
!r* O O C D

C«

to

WM
<35tO
WO
WM
CDW
MOD

M
00 M
•0 o f - p c c
-3
WW
tO CBCi Cn W
-I D1CD Cfl “-3

Ol

MO

HMtOtOfcO
WOOM W *

CD

CO

cj» w

<)W
to w

JW

05 O

pw ppp
®M bto—b b
c to c i co to
to o
'3 ccoe<*o

WCOOiCf M
w -j V o 'co
o io « o o

<0cr- O O’ to

O
Q0tc
to
7*
ow
o •*-

j ^ ' CO

KO

ooo

) *! 2
PSj »

0*1 ^ 0

CD*- — CD

oobtobTo

MW osc*flDC*ao

a»w Q—

Mtotop

00*
oo-a

ccr
p<»
bcot*.
co
CDW

?|2
to
I* * V o-

MtO
C*<I**M«

C m*

MXI tO05OO
gt * h m 01
to w
188,264
130,576
79,862
148,416
10,225

to
03 CD

#hcob to co
iMOXO®
b b o b ’m
ocsow o
caoacoMM_

*OCHXO

2,776
10,088

N ew Y o r k . F r id a y , P. M ,, July 29, 1898.
The general market conditions during the past Week have
not undergone any change of importance. Conservatism on
the part of buyers has again prevented a material expansion
of demand, but the pressure of absolute requirements has
been sufficient to secure fully as good results as the previous
week showed. Business in this market, however, can hardly
be taken jnst now as a fair indication of future prospects.
It has several time3 been stated in these reports that the
outlook for fall trade was unnsnally good, and there is no
reason to modify this view. Visiting buyers are, without e x ­
ception, expressing the utmost confidence in a large fall
trade, and reports from all parts of the country made this
week to our contemporary the “ Journal of Commerce and
Commercial Bulletin” are singularly unanimous in their
hopeful tenor. It seems quite reasonable, therefore, to r e ­
gard the prevailing quietude here as of temporary character,
as even without the development of any spirit of specula­
tion buying must shortly expand to a material extent. Sell­
ers so regard the si tnation, and to this can be attributed a
steady undertone in nearly all directions and the absence of
any material break in prices.
W o o l e n G o o d s . — There has been a quiet -market for
woolen and worsted goods during the past week. Buyers
have had few new openings to attract them, the additional
lines shown being confined to unimportant makes of low
quality. There has been no material change in the serge

ig.
<1

«D
O CD
poo
MW
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■JUfcY 80 . OSC. j

S

ta te

an d

THE CHRONJLCL E.
C

it y

D

e t a h t m e w t

,

TER M S OF S U B S C R IP T IO N .
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« etra charge to every annual subscriber of the C ommercial
and

F in an cial C hron icle .

The S tate and C it y Supplement will also be furnished
without extra charge to every subscriber of the C hronicle .
The S treet R a il w a y S upplement w ill likewise be fur­
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The Quotation S upplement , issued m onthly, w ill also be
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TERMS for the Chronicle with the four Supplements
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Terms o f Advertising—(P er inch space.)
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2 39

vestigation into the legality of the issues, J udge Bookstaver
has reserved his decision.
P hiladelphia, P a .- T h e City's Reply in the Litigation
Over New Loan.— On July 28, 1893, the city filed its reply in
the equity- proceedings recently brought in the Common
Pleas Court N o. 4 by Robert J. Barr and Howard Yocum to
enjoin the issuance of the $11,300,000 bonds recently author­
ized by' the City Councils. The city denies that the ordi­
nance calling for the election last fail expressed the desire of
the corporate authorities to increase the indebtedness of the
city for 17 distinct purposes and in 17 distinct amounts, but
claims that the ordinance provided for the increase of indebt­
edness to the amount of $12,200,090 as one distinct item.
The city officials also aver that by the election held November 2, 1897, the city of Philadelphia, as a corporation, was
authorized to increase the indebtedness of the said city in the
sum of $13,200,000, and that the power so given by the elec­
tors was not to any particular officers as individuals, but to
the corporation, itself, to be exercised by the proper corporate and municipal authorities through the legislative branch
whenever in their judgment it became advisable to increase
the indebtedness of the city. It was claimed also that the elec­
tion was held in strict compliance with the law. See C h r o n ­
ic l e July 16, 1898.

Bond P ro p os a ls and N e g o t i a t i o n s this

Gadsden, A la .— Bond Litigation.— According to the Mont­
week have been as follows:
gomery “ Advertiser," W . J. Brockway, Receiver of the Gads­
A lliance, Ohio.— Bond Sale.—The city sold at public auc­
den W ater-W orks Company, has filed a bill in the United
States Court in Birmingham seeking to restrain the city of tion on July 18, 1893, to the City Savings Bank of Alliance,
Gadsden from issuing $60,000 bonds with which to erect a $9,600 5% East Broadway street-improvement bonds at
water plant. A month or so ago the city of Gadsden, claim­ 102 875. Interest will be payable semi-annually, and the prin­
ing that the water company was not fulfilling a contract it cipal will mature $8(800 yearly to 190.2, aud $2,4)0 in 1903,
then had with the city, declared the contract void, and or­ Bonds are dated August 1, 1393.
Anoka County School D istrict No. 61, Forest Lake, Minn.
dered the company to remove its mains within a year. At
the same time the City Council passed a resolution authoriz­ —Bonds Authorized.— The issuance of $500 bonds has been
ing the issuance of $69,000 of bonds with which to build its authorized by this district. S. S. Jep3on is the Clerk.
Arkansas City, K an .— Bond Election.— An election will be
own plant. The company claims a contract with the city and
alleges that the city, in the light of this contract, has no held August 12, 1393, to vote on the question of issuing $95,right to construct another water plant. The fight, it is stated, 000 bonds for the purchase of ths plan: of the Arkansas City
has been on for a year and more, and bids fair to be a very W ater Co.
interesting one.
Averyvllle, 111.— Bond Sale.— The village has sold $3,000
H ighland Park, Mich.— Village Officials Ordered to Sign 6* 10 year bonds to the Merchants’ National Bank of Peoria
Bonds.— W e take the following from the Detroit “ Journal” at par.
Hal tim ore.'M d.— Bond Sale.— On Jnly 22, 1893, the city
of July 19, 1898: “ The President and Clerk of the village of
Highland Park will have to sign the $60,000 of bonds voted awarded to H . A , Orrick and Gnstavu3 Ober, Baltimore,
public improvement loan of 1940 at
by the electors for money with which to construct sewers, $300 000 of the 3
the Supreme Court having affirmed the judgment of the 106T25. A bid of 10577 was received from Hambleton &
Co.
The
total
amount
of the above loan authorized to be is­
Dower Court requiring the issue to be made. Tne bonds were
voted under A ct No. 352 of the Local Acts of 1893, and one of sued for various purposes is $6,090,000, of which $5,751,000
the two questions raised by those opposed to the bonding was has been issued to date, leaving $216,000 yet to be issued.
On July 27, 1898, the Baltimore Trust & Guarantee Co.
that such A ct was repealed by the General Village Act of
1895. The Court finds that there is nothing incompatible be­ purchased $2)0,000 of the court-hous9 and Water extension
tween the two Acts, and nothing in the latter to indicate an .loan of 1945 at 107.
Beaumont, Texas.— Bonds Authorized.— The City Council
intention to repeal the former. The other question raised
was whether requisite notice of the election to vote the bonds on July 22, 1893, passed an ordinance providing for the issu­
was given the electors. The Council gave the notice required ance of $13,000 61 street-improvement and water-works bonds.
by the general election law, and the courts hold that was
B ellev ille, I I I .— Bonds Voted.— At the election held July
sufficient, The bonds will therefore be issued at once, and 23, 1393, the issuance of $17,500 H funding bonds was author­
a much discussed matter be disposed o f.”
ized. $12,000 bonds will be dated August 31, 1898, and $5,500
See C h r o n i c l e April 39, 1898, and May 21, 1898.
February 1, 1899, and will mature in 20 years. Date of sale
Lake County, Col.— Bond Litigation.— The D e n v e r “ Re­ has not yet been determined, but will probably be some
publican” on July 21, 1893, contained the following : “ Lake time in August.
B ellev ille (K a n .) School D istrict.—Bond News.—The
County is the defendant in a suit on trial in the Federal
Court. H. Dudley, an Eastern man, is seeking to obtain in ­ $7,500 bonds, which we stated last week were sold to the
terest on bonds issued by the county during 1832. The bonds State School Fund Commissioners, bear 5% interest, and run
were issued for the pnrpose of building the county court from five to twelve years. Bonds were sold on Jnly 2, 1898.
Bellevue, Pa.— Bonds Authorized.—The $18,000 sewer
house. Dudley bought some of them on sp e c u la tio n , but
when he sought to collect the interest the conntv r e p u d ia te d bonds recently authorized will bear 4;£ interest. Securities
the bonds on the ground that they were isan ed in e x c e ss of will be dated October 1, 1893, and will be in denomination of
the amount allowed by the Constitution.”
$1,000. Principal will mature on October 1 as follows: $2,000
On July 21, P-98, Henry Dudley of Concord, N . H ., ob­ yearly from 1914 to 1920, inclusive, $3,000 in 1921,1922, 1923,
tained judgment for $39,133 33 for bonds and interest to date. and $10,000 in 1924.
Beresford, S. Dak.— Bond Sale.—On July 1,1898, the $4,400
Newark, N. J .— Bonds Refused by Sinking Fund Com­
missioners.—-The Sinking Fund Commissioners have refused 5%water-works bonds were awarded to S, A . Kean, Chicago, at
to take the issue of $100,009 school bonds on account of their par. A bid of par, less $30, for printing and attorney’s fees,
doubtfol constitutionality, according to the Newark “ A d ­ was received from Duke M. Farson of Chicago. Bonds ma­
ture 15 years from date of issue, subject to call after five
vertiser.
W e quote the following from the “ Advertiser:”
“ The refusal of the Sinking Fund Commissioners to pur­ years. For farther description of bonds see C h r o n ic l e June
chase the $100,060 of bonds authorized by the Common Coun­ 18, 1898, p. 1205.
Berinidji (M in n .) School D istrict No. 7 .—Bonds Not Yet
cil to be issued for public school construction purposes, under
an Aot of the last Legislature authorizing a total issue of Sold.—la the C h r o n i c l e last week we stated that the $8,000
$300,0 0 for that object, has been caused by the decision of a 51 bonds were awarded to Jefferson & Kas3on, St. Paul, at
branch of the Supreme Court of this State, consisting of Jus­ lOi-325. W e are now advised, however, that the bonds have
tices Dixon and Collins, upon the question of the constitu­ not yet boon sold, the bids not being satisfactory.
Beverly, Mass .—Nile Issue.—W e are advised by L, S. Her­
tionality of an Act authorizing the c>ity of Trenton to issue
rick, Town Clerk, that the $50,009 51 school notes authorized
bojj^s for the construction of a High School.
“ This decision is so sweeping in its character as to affect by the iaBt Legislature will be taken by the Sinking Fund
similar A cts under which Jersey City and Newark are issu­ Commissioners.!
B lakely (B orou gh), P a .—Bond Offering.— Proposals will
ing bonds for public school construction purposes.”
New York City.— Litigation Relative to Outlying Bonds.— be received until 7 P. M. August 1, 1898, by T. E. Williams,
On July 28. 1898, argument was heard before Judge Book­ Borough Clerk, Box 131, Olyphant, Pa., for $15,000 5;1 coupon
staver, in the Supreme Court, on an application of several bonds. Securities are in denomination of $500, dated August
persons for a writ of mandamus requiring Comptroller Color 15, 1898. Interest w#fi b ) payable semi-annually at the office
Bonds will be redeemable in
to pay the interest on bonds issued last year in the towns of of the Borough Treasurer.
Westfield, Northfield and Southfield, S. I., the villages of their numerical order at the option of the Council. Securi­
ties are exempt from all taxes. A certified check for $200,
Whitestone and Rockiway Beach and the town of Jamaica,
in Queens County. The bonds were issued by the towns and payable to the Borough Treasurer, must accompany propo­
villages named in 1807, prior to annexation to New York City, sals. The bonded debt of the borough is $16,000. The as­
and bear 4 i interest. Some of the interest has been due since sessed valuation, $404,110, and the population between 4,000
January, the Comptroller withholding payment pending iu- and 5,000.

240

THE CHRONICLE.

Boyer ton n , Pa.—Bond Sale.— On July 10, 1898, $10,000
school bonds were sold at par to local investors. Securities
are to mature in “ 2$ years or less,”
B ridgeton, X . i . —Bond Sale.— On July 03, 1898, the $20,000 >} public building bonds were awarded to Ben well &
Everitt, New York, at 101*079, Following are the bids :
Beawoii a Evw
Tho*. K. iJurti’
W. 4. Hayes a i

■York ,J0\*0?y |Edw, O. Jones Co., Now York... 100*375
Lvt»li>'«..torOt
Park or A Co., Hoaton.......100'20
11ns. , . lOtuT&S l Cumberland Tr‘t Co.,Uildi?Ot'n.l00'21
"Y, laiut-iw 435 I Fnrfoii. LyhoIi A Co., N. V_____100*005

Bonds mature .Inly 80, 1928. For further description of
bonds see C h r o n i c l e July 28, 1898, p. 190.
B rockton, Mass.— Bond Sale,— The Water Loan Sinking
Fund Commissioners have taken an issue of $10,000 -l i water
loan bonds at par. Securities are dated August 1. 1898, and
mature Angust 1, 1928. Interest will be payable February 1
and Angust 1.
B rooklyn. Conn.— Bond Sale.—On July 27, 1898, the $28,000 4s funding bonds were awarded to Jose, Parker & Co.,
Boston, at 110*319. Following are the bids :
Jo»o, Parker & Co.. Boston...... lOO'.UO ! Chas. W. Hale.............................. 103*8*2
it. P .H a ll.................................108-U 1 E. u. Hollins * Sons, Boston....US*iO
t ar** il Lvach A Co,.Now Vork.lCuVSOS i Cuahman, Fisher &, Phelps tiuN\ W. Harris A Co., Now York.. 10t*3tK» | formal).................................... 101*410

Bonds mature $3,000 May 1, 1903; $5,000 May 1,1908; $5,000
May 1, 1918; $5,000 May 1,1918; $5,000 May 1, 1923, and $5,000
Mav 1, 1928. For further description of bonds see C h r o n ­
i c l e July 23, 1898, p. 190.
B ryan t. S. D ak .—Maturity o f Bonds .— The $2,000 I f Town
Hall bonds, the sale of which was recorded last week, ma­
ture one bond of $500 on August 1 of the years 1903, 1908,
1913 and 1918.
Buffalo, N. Y.— Bonds Authorized.— The issuance of $466,003 54 3 ; ; bonds has been authorized for the purpose of bor­
rowing money with which to pay for the purchases made by
the city of lands sold for non-payment of taxes and assess­
ments.' Securities will be dated August 15, 1898, Interest
will be payable February 15 and August 15, at the office of
the City Comptroller or at the Gallatin National Bank, New
York City, as the purchaser m ay elect. Principal will ma­
ture August 15, 1903.
Cal m ar (Io w a ) Independent School D istrict.— Bond Sale.
— On June 20, 1898, $0,100 ti% bonds were awarded to N . W .
Harris & Co., Chicago, at 106*29. Following are the bids:
N\ W, HfirrlP A Co.. Chicago..,$0,183 flO I Kane & Co„ Minneapolis....... $6,317 50
Farsou, LeacTi A Co., Chicago. 6,387 00 j Winnesheik Co. Bank. Calrnar. 6,303 60
TrowhrMge, MacDonald &
t Bank of Calmar...................... 0,115 25
Niver Co., Chicago................ 6.886 00 I

Securities are in denomination of $500 and $600, dated July
1, 1898. Interest will be payable January 1 and July 1, and
the principal will mature $1,000 yearly from July 1, 1903, to
1907, and $1,100 July 1, 1908.
Cambridge, Mass.— Honda Not Sold.— In reply to our in­
quiries relative to the report that the city had sold at pri­
vate sale, $500,000 worth of bonds, Mr. W m . W . Dallinger,
City Treasurer, makes this statement; “ It is not true that I
have sold $500,000 worth of bonds at private sale.”
Caney, K an.— Bonds Voted. — A t an election held receatly
the issuance of $10,000 bonds for the construction of the
Kansas Oklahoma Central & Southwestern Railroad was
authorized.
Chautauqua Connty, Kan. — Proposed Refunding
of
Bonds.— The County Commissioners have entered into ail
agreement with James T. Bradley of Sedan and L. V . H um ­
phrey of Independence, looking to the refunding of $140,000 0#
railroad-aid bonds now outstanding. Under the agreement
the connty will take up these bonds and issue new ones at a
lower rate of interest. According to the contract Bradley
and Humphrey receive for their services 20% of the saving to
the connty upon a reduction of 1% in the interest rate ; upon
a reduction of an additional %%, lOf of the additional saving:
and upon the reduction of another
5% of the additional
saving. The new bonds will run 20 years.
Chcrryvale. Kan.— Bon(ls Voted.— On July 19, 189S, the
city voted in favor of issuing $20,000 5% 20 year bonds in aid
of the Kansas Oklahoma Central & Southwestern Railway.
These bonds will be turned over to the railway company
when conditions are complied with.
Coffey County (K a n .) School D istrict No. 39.— Bond
News.— The $600 bonds reported last week as sold to the
State School Fund bear 5? interest and mature in from one
to four years. Date of sale was July 2, 1898.
Columbus, Ohio.— Bond Offering.— Proposals will be re­
ceived until 3 i*. si. (standard time) August 1, 1898, by Martin
A . Gemundn, Clerk of the Trustees of the Sinking Fund, for
the following bonds, now the property of the sinking fund :

[V ol . LX VII.

Cnyler (T ow n), N. Y.— Bond Sale.— Local papers state that
the town has called for payment $58,000 railroad-aid bonds
now outstanding. The town has issued $20,009
refund­
ing bonds, which were sold to the State Comptroller for in­
vestment in the Common School Fund.
Dead wood (S. D ak.) School D istr ic t -B on d Offering.— The
district is advertising for sale $8,000 school bonds.
Dellauco (O h io) School D istrict, Bond Sale.—On July23, 1898, the $1,000 6% school bonds were awarded to the Croghan Bank, Fremont, at 104*20. Other bids were received,
but not considered, aa they did not com ely with the condi­
tions of the advertisement. Bonds mature part yearly on
July 23, $200 in 1900, $1100 in 1901 and $200 in 190*2. ' For fur­
ther description of bonds see C h r o n i c l e J u ly 16, 1898, p. 137.
Delphos, Ohio. —Bonds Refused.— It is stated that Denison,
Prior & Co., Cleveland, who, on June 21,1898, were awarded
the $5,000 5;? water-works bonds, have refused to take the
securities. The Cleveland firm refused the bonds because all
the steps toward the election authorizing the issue had not
been legally complied with.
De W itt County, I I I —Proposed Bond Election.—W e are
advised that the County Board will meet September 13, 1898,
to provide for tbe submission to a vote of the people on N o ­
vember 8, 1898, of the proposition to issue $38,000 refunding
court-house bonds.
Dresden, Ohio.— Bond Sale.— On July 19, 1898, the $7,000
Of water-works bonds were awarded to the Lamprecht Bros.
Co., Cleveland, at 112*966, Bonds mature 8500 yearly on
September 1 from 1913 to 1926, inclusive. For further de­
scription of bonds see C h r o n i c l e June 4, 1898, p. 1102.
Duluth, Minn.— Bond Sale.— On July 20, 1898, th e $955,000
4S gold water bonds, bids for which were received until June
27, 1898, were awarded to E. H. Gay & Co., Boston, at par.
Bonds mature April 1, 1928. For further description of
bonds see C h r o n i c l e June 11, 1898, p. 1153. The Council has
voted to sell to the same firm $70,009 refunding W e st Duluth
and Oneonta bonds.
Bonds Proposed—A resolution has been introduced in the
City Council providing for an election August 30, 1898, to
vote on the question of issuing $100,000 electric-light plant
bonds.
E ® w o r t h . P a .— Description o f Bonds.— The $4,COO streetimprovement bonds, the sale of which we reported last week,
were sold to W in . M . Bell, Pittsburg, on a 5% basis. The
bonds mature $500 yearly from 1899 to 1906, inclusive.
Flensburg (M in n .) School D istrict.— Ponds Voted.— On
July 18, 1898, vhe district voted to issue $450 bonds for the
erection of a new school house.
Fort Madison (Io w a ) School D istrict.— Bond Sale.— The
district has awarded to N. W . Harris & Co., Chicago, the
$35,000 4% refunding bonds, at par.
Fostoria, Ohio.— Pond Offering—P rop osal, accompanied
by a certified check for $51*0, will be received until 1 p . m .
August 8 , 1S98, by J. M. Schatzel, City Clerk, for the follow­
ing refunding bonds amounting to $9,867 ;
$4,000 Sewer D istrict No. 1. in d e n om in ation o f $1,000.
500 Sewer D istrict N o. 1, in den om in ation o f $f>0 0 .
3,000 Sewer District N o. 2, in den o m in a tio n o f $ 1 /0 0 .
500 Sewer D istrict No. 2, S e ctio n v, in d e n o m in a tio n o f $500.
500 Sewer D istrict N o. 4. in den om in ation o f $500.
5 0 0 sew er and garbage disposal bon d , lu den o m in a tio n o f $500,
867 Main Street r e fu n d in g bond, in d e n o m in a tio n o f $867.

Bonds will be dated August 8, 1898, and mature September
1, 1918. Interest will be at 4l{%, payable March 1 and Sep­
tember 1 at the Chase National Bank, New Y o rk City. Se­
curities are issued under Title 12, Chapter 2, Section 1701
Revised Statutes of Ohio.
Fremont, Ohio.— Pond Offering, — Proposals will be re­
ceived until 13 m . August 15, 1898, by Charles F. Bell, City
Clerk, for not more than $16,000 4% Hayes Avenue improve­
ment bonds. Securities are issued pursuant with Section
2,704 and 2,705 Revised Statutes of Onio, and authorized by
ordinance passed May 24, I t 98. Bonds are in denomination
of $800, dated Angust I, 1898. Interest will be payable April
1 and October 1, and the principal will mature April 1, 1909,
subject to call one bond each six months after April 1, 1899.
A deposit of $2-50 or a certified check for that amount payable
to the City Clerk must accompany proposals. Proposals will
be received at the same time and place fdr $3,000 (or less) 4%
Napoleon Street improvement bonds. Securities are issued
pursuant, with the same laws as the Hayes Avenue bonds.
They will he in denomination of not lees than $100, nor more
than $500 each, bearing date August 1, 1898. Interest will
be payable April 1 and October 1, and the principal will ma­
ture $250 every six months from April 1, 1899, to October 1,
1904, A deposit of S1C0 or certified check for this amount,
payable to the City Clerk, must accompany proposals.
126.000 4*5 5-year sewer farm bonds of $1,000 each, maturing Deb. 1,1002.
Fresno Couiity(Cal-) School D istricts. — Bonds Approved,
Io,i on (5 20-year main trunk jo*wer bond* o f $4,000 each, maturing June 1.1P18
12.000 42^40-year street-improvement, bonds o f ‘.$1,000 each, maturing $ept. 1, On July 19, 1898, tho County Commissioners approved the
following school district bonds: Bowles, $1,900; Herming6.000 4^10-vear street-improvement bonds o f $500 each, maturing Sept. 1,
haus, $1,500, and Fresno Colony, $5,000.
7,OOQ4J lo^yoRr afreet-improvement bonds o f $1,000 each, maturing Sept. 1,
Galveston, Texas.— Bond Sale.— The sinking fund has
1.500 i* 10-year street-improvement bonds o f $500 each, maturing Sept. I, bought the issue of $8,000 refunding water bonds recently ap­
1SW7.
proved by the Attorney-General.
'..1*00 a 5-year afreet-improvement bonds o f *500 each, maturing Sent. 1,1903
Gaylord. M inn.— Bond Offering.—Proposals will be re­
Interest on the above bonds will be payable semi-annually ceived until 8 f . m . August 16, 1898, by the Village Council,
at the office of the City Treasurer.
for $5,000 OS electric-light plant bonds. Securities are in de­
Connell B luffs, Iow a.— Bonds Proposed.— On October 1, nomination of $300, dated September 1, 1898. Interest will
1898, $70,000 1 % bonds of this city mature. The fund on hand be payable annually, and the principal will mature $500year­
for the retirement of these bonds amounts to abont $40,000, ly on September 1 from 1901 to 1910 inclusive. In the C h r o n ­
and the Finance Committee of the City Council has under i c l e July 10, 1898, we recorded the sale of a li k e issue o f
consideration the issuance of $30,000 refunding bonds to bonds to the Minnesota Loan & Trust Co, of Minneapolis at
make up the difference. The new bonds will mature in 20 106*052, and it is presumed thnt the bonds were refused by
years subject to call after 4 years.
that company.

J olt 30, 1898,j

THE CHRONICLE.

241

Gloucester, Mass.—Temporary L o a n — The city has nego­
tiated a temporary loan tor $25,000 with the City National
Bank of Gloucester at 2-89%. Following are the bids •

Lim a, Ohio.— Bond Offering.— Proposals wili bs received
until 12 m . August 8, 1898, by C. E. Lynch, City Clerk, for
the following bonds :

•City N at. Bank, G lou cester............ 2-892 Curtis & M otley, B o s t o n ..................3*162
R og ers, N ew m an & T olm an ,B ost.3 '102 B on d & G o o d w in , B o s t o n ...............3*502
C a pe A n n N ational Bank v.......... 3‘12%

$50,000 5% South M ain Street p avin g bond s, in denom inations o f n o t m ore than
$ 1 ,0 0 0 . S ecu rities b ea r date J an u ary 1,1898. and m ature as follow s •
$2,000 eve ry six m on th s fro m Jan uary 1.1899, to Ju ly 1,1903,inclusive'
and $3,000 e v e ry six m o n th s fr o m January 1,1901, to July 1,1908 in ­
clu sive.
3,200
South C ollet Street pavin g b on d s, in den om in ation s o f n o t m ore than
$150. S e cu ritie s are d a te d Ju ly 1 , 1898, and m ature $250 January 1
3899; $150 e v e r y s ix m on th s fro m July 1,1899, t o January 1,1908. and
$250 Ju ly l, 1908.
20.000 special street im p ro v e m e n t fu n d bond s, in danom ination o f $1,000. Se­
curities m ature $1,000 e v e r y six m onths fro m January 1,1901, to July
1 , 1910, in clu sive.
20.000 stre e t fu n d bonds, in d e n o m in a tio n o f $1,000. Securities m ature $1,000
ev e ry six m on th s fr o m Jan uary 1.1901, t o Ju ly 1,1910, inclusiye.

Loan matures in eight months.
Greenfield, Mass.— Loan Authorized,.— A t a meeting held
July 28, 1898, a loan of $6,000 was authorized for the con­
struction of a portion of the State road,
Hennepin County, M in n .— No New Bonds.— Mr. C. J.
Minor, County Auditor, writes us that the report in some of
the papers that the Board of County Commissioners had
authorized the issuance of $50,000 refunding bonds was in­
correct. The item undoubtedly refers to Ramsey County,
mention of which will be found in the C h r o n i c l e July 16,
1893.
Idaho F a lls, Idaho.— Rond Election.— A n election will be
held on August 9, 1898, to vote on the question of issuing
$20,000 1% 20 year water-works bonds and $5,000 1% 20-year
electric-light bonds.
Independence, Kansas.— Rond E lection—A n 'election will
be held August 2, 1899, to vote on the question of issuing
$13,000 railroad aid bonds.
Iow a.— Warrant Offering.— Proposals will be received
until 12 M. August 1, 1898, by John Herriott, State Treas­
urer, for all warrants endorsed for lack of funds between
August 1, 1893, and January 1, 1899. During this period
warrants approximating $300,000 will have to be issued and
will have to be redeemed on or about May 1, 1899. E ich bid
must contain an express agreement on the part of the person
or corporation bidding to take State warrants to the amount
of at least $10,000 at a stipulated rate of interest not to ex­
ceed
Said person or corporation must further agree to
have ready in Das Moines current funds to pay for warrants,
as may be endorsed in the period stated, in case bid is ac­
cepted. It is stated that several institutions have alreaiy
signified their intention of subscribing at not more than 4£.
Kansas, 111.— Bond Sale.—On July 25, 1898, the *5,000 o%
street-improvement bonds were awarded to N. W . Harris &
C o., Chicago, at 103'84. Following are the bids :
J f. W . H arris A Co., C i l c a g o ........ <5.192 | D enison . P rio r A Co.. C leveland..<5,O il
M aso n. L ew is Sc Co., C h ica g o....... 5.182 |

Bonds mature $1,000 yearly on August 1, from 1903 to 1907,
inclusive. Interest will be payable annually at the First
National B ink, Kansas.
K ing wood, IV. Y a.— Bond Offering.— On August 5, 1898,
the Council will offer at public sale between 10 a . m . and 4
p. m . (bids to be in writing) $10,000 57 bonds. Securities were
authorized at an election held December 23, 1897, one-half
for sidewalks and one-half for electric light plant. Tney are
to.be in denominations of $100 and multiples thereo", dated
August 5, 1898. Interest will be payable annually on August
5 and the principal will mature 30 years from date of issue,
subject to call after 10 years. J. Slidell Brown is the Town
Recorder.
K irk sv ille, M o.—Bond Offering.—Proposals will be re­
ceived until August 2, 1898, for $10,000 5% water works
bonds. Interest will be payable semi-annually at the City
Treasurer's office, and the principal will mature 20 years
from date of issue, subject to call after 5 years.
La Harpe School D istrict, No. 4, Hancock County, 111.—
Bond Offering.— Proposes will bs receive! until 2 p . m ,
August 5, 1898, by T. M. Stansbury, Clerk Board of Educa­
tion, for $9,500 fyt coupon bonds of this district, situated iu
Township No. 7 ,north of Rangeo, west of the fourth princi­
pal meridian of Hancock County.
Securities are in denom­
ination of $500, dated August 1, 1893. Interest will be pay­
able annually at Hungate, W ard & C o.’s Bank, La Harpe.
Principal will mature $500 yearly on August 1 from 1901 to
1917, inclusive.
Lakewood (H a m let), Ohio.— Bond Offering.— Proposals
will be received until 12 M. August 29, 1898, by U. W . Hird,
Clerk, for $12,500 (subject to redaction) 65 water-main bonds.
Securities are in denomination of $500, dated Sept. 1, 1893.
Interest will be payable semi-annually and the principal will
mature one-fifth yearly.
Lanesboro, Minn.— Bond OJjering.— Proposals will be re­
ceived until 4 P. m . August 17, 1898, for $7,000 0% water-works
extension bon is. Interest will be payable at the Village
Treasurer's office, and the principal will mature $1,000 yearly
on July 16 from 1904 to 1910, inclusive.
Lebanon. Ohio.— Bond Sale.— On July 25, 1898, the $20,000
5 i electric light bonds were awarded to the Lebanon National
Bank at 106'262. Following are the bids:
L fjb in o n N ational B ank____ $J1,252 10 . M ason. Lew is A Co., Chicago $20,853 00
S e a soog ood & M ayer. C inn... 21,*217 Oo F. M. M cK ay, C h icago............ *20,800 00
R u d olp h K le y b o lt e * Co., Cm. 21,000 00 |New First N a tio m l Bank,
&. K uhn & Sons. C in cin n ati.. 21.055 00 i C olu m b u s................................ 20,6/5 ^0
D enison . P rior & Co.. C le v e .. 21,0)9 75 |C itizen s' Nat. B ’ k. L ebanon.. 20,529 78
Briggs. Sm ith A Co., C in n ... 20,909 99 i S. A . K ean, C h icago................. *20,103 35
W . X H ayes A Sons. C le v e ... 2o,89700 -------N. W . H arris A Co., N. Y ....... 20,851 00 | *Blds in form al.

Bonds mature $1,000 every six months from April 1, 1900,
to October 1, 1909. For further description of bonds see
C h r o n i c l e June 25, 1898, p, 1248.
Lewisburg (V illa g e ). Ohio.— Bond Sale.—On July 25,1898,
the $1,000 5%town-hall bonds were awarded to the People’s
Banking Co., Lewisburg, at 10U416. Following are the bids:
People*.- B anking Co., Lew is| llu d olpli K leybolte & Co.. Ctn.<8,081 60
burg ................ ......................... <0.26.5 00 W. .1. H ayes A Sons, Cleve. - 6.07? 0 .
S eascn go .d A M n-er, Cinn . . . 6,101 00 |New 1st Nat Hank, Colum bus 6,066 60
S p ltier A c ., „ T o l e d o ................. 6.110 60 D enison. P rio r A Co., C le v e ... 6.031 00
8. A. Kean, C h ica g o ................ 6.101 36 I Briggs, Srnilb A Co., C in m
6.001 00

B tnds mature $259 every six months from September 1,
1899, to March 1, 1911, inclusive. For farther description of
bonds see C h r o n ic l e July 16, 1398, p. 188.

Interest on above bonds will be payable semi-annually at
the office of the City Treasurer.
Bidders are required to
use the form of bid furnished by the City Clerk, and pro­
posals for each issue m ust be accompanied by a certified
check on a Lim a bank, payable to the City Clerk, for 5% of
the amount of bonds bid for.
Lincoln (N eb .) School D istrict.— Bonds Proposed.—The
School Board has under consideration the issuance of $60,000
funding bonds.
L ittle Fulls, N. Y .—Bond Offering.—Proposals will be re­
ceived until August 15, 1898, for $65,000 3 %% school bo ads.
Lorain County (P . O. E lyria), Ohio.— Bond Offering.—
Proposals will be received until 1 p . m . (central standard
time), August 15. 1893, by the County Auditor, for $3 5,00 )
4}££ Children’s Home bonds. Securities are issued by virtue
of Section 929, Revised Statutes of Ohio. Bonds are in de­
nomination of $1,000, dated August 15, 1893. Interest will
be payable February 15 and August 15 at the County Treas­
urer’s office. Principal will mature $2,000 August 15, 1899,
and $3 ,000 yearly on August 15 from 1900 to 1910, inclusive.
A certified check for \% of the face value of the bonds bid for
must accompany proposals.
McKeesport, P a .— Bonds
Authorized.— The Common
Council has passed an ordinance providing for the issuance
of $21,000 refunding bonds.
McKee’ s Rocks, P a.— Bonds Voted.— A t the election held
July 20, 1898, $40,0)0 bonds were authorized for the follow­
ing purposes: $15,000 for street imp-ovements, $ 10,000 for
sewers and $15,0)0 to fund floating debt.
Maliauoy City, Pa.— Bonds Not Yet Sold.— It is stated in
some of the papers that the $45,000 new borough bonds have
been sold.
In reply to our inquiries Mr, E. S. Reinhold,
Borough Secretary, writes us that the negotiations have not
yet been completed.
Manitowoc, IVis.— Bond Offering.— Proposals will he re­
ceived until 7 P. m August 15, 1898. for $15,000
harborimprovement bonds. Interest will be payable at the City
Treasurer's office and the principal will mature January 15,
1906. Arthur Reichert is the City Clerk.
M annington, VY. Y a.— Correct Award.— In the C h r o n ic l e
last week we stated that the $17,001 5% street improvement
bonds and $3,000 5% sewer bonds were awarded to J. Blackshere, President of the Exchange Bank of Mannington, at
lOl'SO. W e are now advised, however, that only the $17,000
street bonds were awarded to Mr. Blacltshere at lOl'SO and
that $2,000 of the sewer bonds Were awarded to J. A. Morgan,
Mannington, at 103, and $1,000 sewer bonds to M. A . Morgan,
Mannington, at 102.
Marion County, Ohio.— Bond Sale.— On July 23, 1893,
$7,160 ditch bonds were awarded to the Ksnton National
Bank at 102 601.
Marquette, M id i.— Bond Sale.— On July 25, 1898, $10,000
15-year light and power improvement bonds were awarded
to W . J. Hayes & Sons, Cleveland, at 110-77.
Maynard. Minn.— Bond Offering.—Proposals will be re­
ceived until 3 p. m . August 8, 1398, by the' Village Council,
for $2,600 6# 10-year water-works bonis. K . H. Holian is the
Village Recorder.
Meriden, Mass.— Bonds Proposed.—A special committee
of the Common Council has reported in favor of permanent
paving. The committee recommended that steps be taken to
obtain permission from the next Legislature to issue bonds
for this purpose. A s the Legislature will not meet until
next January, nothing further can be done at present.
M id d lep ort(N . Y.j U nion School D istrict.— Bond Sale.—
On July 26, 1898, the $5,5 10 5% school bonds weremwarded to
Farson, Leach & Co., New York, at 112'60. Bonds mature
$500 yearly on November 1 from 19)5 to 1915, inclusive.
M issouri.— Bonds Registered.— The State Auditor has
registered the following bonds:
<76 P o lk C ou nty S ch ool D istrict No. 3. 33, 31, dated Ju ly 8 and bearing o%.
OXI O regon County School D istrict No. 1, 26. 3, dated June 1 rod bearing 8%.
2,oou Jasper County S ch ool D istrict N o. 2, 2 i, 32, dated Ju ly 16, 1808, and hear
400 MacUson C ou nty S ch o o l D istrict N o. 1, 34,6, dated J uly 1,1838, and b ear600

N odaw ay C ounty School D istrict N o. 5,62, 94, dated July 5,1898, and hear

600 D ekalb C ou nty S ch o o l D istrict N o. 3, 60, 32, dated April 21,1838, and bear1,600 Stocidard C ou nty S ch o o l D istrict N o. 1, 28, 11, dated Ju ly 15, 1898, and
600 Saline c o u n ty , N elson School District, dated July 18 I f f . and.bearing: 5*
1,020 Cape G irardeau County Sch ool D istrict D N o. 11.12. dated A u gu st l,
1898, and bearing 6%.

M obile, A la.— Bonds Authorized,—A t a meeting of the
General Council held July 22, 1898, the Finance Committee
was directed to advertise for sale $500,000 water works bonds
and $250,000 sewer bonds, and report the list of bids to the
ConQciI at the regular September meeting.
Montgom ery A la.— Bonds Proposed. An ordinance is be*
fore the” City Council authorizing the issuance of $35,000 6*
bonds for the paving of South Laurence Street. Securities

242

THE CHRONICLE.

will be in denomination of $100, dated July 1, 1898. Onetwentieth of each bond will mature annually.
Montgom ery County (P . 0 . Dayton), Ohio .—Band Offer­
ing.—Proposals will be received until IS m . August 25, 1898,
by the Board of County Commissioners, for $71,000 4? emer­
gency bridge bonds. Securities are issued pursuant with
sections 871, 872 and 878 of the Revised Statutes of Ohio.
Bonds are in denomination of $1,000, dated September
1, 1898.
Interest will be
payable
semi-annually at
the office of the County Treasurer, and the princi­
pal will mature $18,000 on September 1, of the years
1901, 1903 and 1903, and $17,000 September 1, 1901.
A
certified check for $1,000, payable to the County Aud­
itor, mast accompany proposals. A . G. Feight is the Coun­
ty Auditor.
Mount Vernon, N. Y .—Bond Offering. — Proposals will be
received until 8 p. m. August 10, i89S, by the Common Coun­
cil, for $19,000 S.j tax assessment bonds. Securities are in de­
nomination of $1,000, dated August 1, 1S9S. Interest will be
payable semi-annually at the offiee of the City Treasurer, and
the principal will mature August 1, 1901. A certified check
for $1,000, payable to the city of Mount Vernon, must ac
company proposals. Securities are issue d under authority of
Section's il, Chapter 183, Laws of 1892, as amended by Chap­
ter 693, Laws of 1896.
N ashville, Tenn .—Bonds Proposed.—The City Council
has under consideration the issuance of $100 000 -H 520-year bonds, as collateral upon which to borrow money
needed to build the Broad Street and Church Street terminal
approaches.
Neodesha, K an ,-—Bonds Registered.—The city has regis­
tered the $15,000 6? water-works bonds voted several months
ago. It is stated that the bonds will be taken by local in­
vestors.
New Madrid Connty (M o.) School D istrict No. 2 9 .—
Bonds Registered.— Two' $150 bonds and one $200 bond of
this district bearing 8;I interest and dated July 13,1898, have
been registered by the State Auditor.

(VOL. L X V Il.

For a 3*30* Hand,
Mechanic*’ Sav. Bk.. Flulikm...100-00
F n ' a

Isaac \V. Sherrill, Po’keensle....l00*
For H8*56£ Bo ret.
I Street, Wykea A Co.. Now York.lOi‘22
|Ben well x E*orla, Now York...101*0
I Kdw. C. Jones C New York .100*0

8*40-5 H f s n d ,

Allen & Sind, Now York...... . .,100*
fo r

a 3*504

Tim <L

E. H. Rollins A 8ou«, Boston. ...101*48
For 3*754 lion it.
Parson, Loach X Co.. New York.KkuSl [ Westchester Treat Co., Yonk'8..100*0
R. B. Smith a Co,. Now York,,. 100*4*
,
For a 4£ Honft,
Whann A Srtblesinger, N. Y..
100*333 I E. H. Rollins x Son*, Boston . ..106*486
Bertron Agtorrs, New York .. .liXr.bni tieo. M. Hahn. Now York
...105*88
Walter Stanton X Co., N. V......100*26
N. W. Harris & Co,, New Y
’ ork.. HJ6,<124
N. W. Harris X Co., New York .100*216 Seymour Bros. X Co., N. Y........ 101*93
Denison. Prior A On,, C lov e__ 100*037 Alh*n A 8atul, New York..........104*42
Westchester Co. Savings Bank
W. J. Hu yes a Sons, Cleveland. iO4*40
Tarrytown.............................. 10
Rudolph Kl«y hollo A Co.. N. Y.. 103*50
Bonds m a tu r e $2,0 10 y e a r ly on A u g u s t 1 f r o m 1903 to 1917,
in c lu s iv e . F o r fu r t h e r d e s c r ip t io n o f b o n d s sea C h r o n i c l e
J u ly 28, 1898, p. 191.

Ohio.— Another Bond Issue Probable.— Local papers state
that another issue of war bonds may be made m the near
future, as the money raised by the first issue is nearly ex­
hausted.
Orange Comity, Texas.— Bonds Approved.— The AttorneyGeneral has approved an issue of $35,500 court house bonds.
Osage, Iowa.— Bond Election.— An election will be held
August 5, 1898, to vote on the question of issuing $10,000
water bonds.
Ottawa County (P . 0 . P ort C linton), Ohio.—Bond Offer­
ing.—Proposals will be received nntil 1 p. m . August 8, 1898,
by E, A Powers, County Auditor, for $15,000 ti% coupon
bonis. Securities are issued under authority of Section 871
Revised Statutes of Ohio. They are in denomination of $500,
dated August 15, 1898. Interest wilL be payable February 15
and August 15 at the County Treasurer’s office. Principal
will mature $500 yearly on August 15. from 1904 to 1918 in­
clusive. Bidders will be required to deposit with the County
Auditor at the time of tiling the bids a certified check for
$500 or certificate of deposit on any banking company of Fre­
mont, Sandusky, Oak Harbor, Elmore or Port Clinton, in the
sum of $500.
Plymouth (111.) School D istrict.—Bonds Defeated.— A t a
recent election the proposition to issue bonds for furnaces in
the public schools was defeated by a vote of 50 for to 62
against.
Pomeroy, Ohio.— Bond Offering.—Proposals will be re­
New York City.— Bond Offering.— Proposals will be re­
ceived until 3 P. m ,, A u g u s ts , 1898, by Bird S. Coler, Comp­ ceived until 2 p. m . August 18, 1898, by A be A . Massar, City
Clerk, for $7,000 refunding bonds. Securities are issued pur­
troller, for $12,688,992 36 '410. gold, corporate stock of New suant with Section 3.701, as amended, and were authorized by
York City as follow s:
ordinance passed July 7, 1898. Bonds are in denomination of
Interest will be at not more
$800,000 00 oorp ora te stock fo r the e re ctio n and equ ipm en t o f an a d d itio n to $1,000, dated September 1, 1899.
t o e presen t buildin g o f th e A m erican M useum o f N atu ral His­
than 5^, payable March 1 and September 1. at the National
tory, m aturing N ovem ber l, 19*8.
Park Bank, New York City. Principal will mature Septem
260.000 00 corporrtte stock fo r th e erection and e qu ipm en t o f ad d itio n s t o th e
present buildin g o f th e A m e rica n M useum o f N atu ral H isto ry,
her 1, 1918.
m aturing N ovem ber 1, 11*28.
Rockville, Md.— Bond Sale.— The town has sold to the
60.000 00 c o rp o ra te s tock f o r con stru ctin g bridges o v e r th e tracks o f th e
N ew Y ork Central & H u dson R iv e r R ailroad o f th e N ew Y ork & Fidelity & Deposit Co. of Baltimore $10,500 4% 20-year electricP u tn am R a ilroad at F o r t In d ep en d en t Street, m atu rin g N o
light plant bonds at par. The sale of these bonds was not
ve m b e r l , hp28.
300.000 00 corp ora te tto e k fo r n e w buildings, etc., f o r th e D ep artm en t o f
advertised.
C orrection , m aturing N ovem ber 1,1028.
600.000 00 corp ora te *t «ck f o r th e e x te n sio n o f R iversid e D riv e to t h e B o u le ­
Rossville (111.) U nion School D istrict No. 1.— Bond Sale.
vard L a fa y e tte , m aturing N ovem ber J, 1028.
— The district recently sold $13,000 6£ 1-13-year school bonds
60.000 00 corp ora te s tock f o r th e con stru ction o f a public bath on R lv ln g to n
Street m aturin g N ov e m b e r 1, .lv*28.
at 111-13.
600.000 00 corp ora te *tuck f o r i be c o n s tru ctio n o f a n ex te n s io n o f th e b u ild ­
Saginaw, Mich.— Bonds Authorized.— The Common Coun­
ing o f the M etrop olitan M useum o f A rt, m aturin g N ov. 1. 1028.
€0,000 00 corporate stock f o r p avin g Jerom e A v e n u e , m a tu rin g N ov e m b e r
cil has authorized the issuance of $60,0r0 toads for the west­
1, 1028.
140.000 00 c o rp o ra te stock fo r th e co n stru ctio n o f th e M elrose A v e n u e V ia ­ ern taxing district and $10,000 bonds for the eastern taxing
duct, fro m East. <>ne H undred and S ix ty -th ir d to E ast O ne H u n ­ district, both issues for street improvements, W e are advised
dred and S ix ty -fifth S treet, m aturing N o v e m b e r 1, 1028.
that the bonds will be advertised for sale early in August.
651,844 83 c o rp o ra te stork f o r con stru ctin g a b rid ge o v e r the H arlem R iv e r
at W illis A v en u e, m aturin g N ov e m b e r 1, 1958,
St. Lon is, Mo.— B o n d Sale.—On July 27, 1898, the $593,000
1,620,755 41 c o r p o r a le stock fo r sch ool h ou ses and sites th e re fo r, m aturin g N o ­
3 ^ 20 year gold refunding bonds were awarded to W hann
vem b er 1, lt*28.
S.CmX i'.COO 00 ci rp ora te s tock f o r th e New E ast R iv e r B ridge, m aturin g N o ­ & gchlesinger, N ew York, at 106'147. Fo’ Iowing are the bids:
vem b er 1. 1028.
1,738,362 12 corp ora te stock fo r acqu irin g lands required f o r a pu b lic park,
bou n ded by O ne H undred an d E leven th and u n e H undred and
F ou rteen th streets, F irst A v e n u e and th e East R iv e r, m aturing
.N ovem ber 1. 1028
300.000 00 corp ora te stock f o r laying w ater-m ains, m aturin g N o v e m b e r l, 1017.
360.COO 00 corp ora te s ock f o r th e sanitary p ro te ctio n o f th e sou rces o f th e
w «te r supply, m aturing N ov e m b e r 1, 1917.
2,C00,00000 corp ora te stock fo r th e new A q u e d u ct, m aturin g O cto b e r 1, 1917.
76 ,o0 0 t0 co rp o ra te stock f o r th e ere ctio n o f an addition to th e p u b lic bu ild
ing In C roton a Park, m aturin g N o v e m b e r 1, 1928.
260.000 00 corp ora te stock f o r con stru ctin g, furnish ing and equipping a C ourt­
h ouse f o r th e A p pellate D ivision o f t he Suprem e Cuurt In th e
Finst D epartm en t, m aturing N o v e m b e r 1, 1928.
60,COO 00 corp ora te s lo ck fo r th e e re ctio n und e q u ip m e n t o f a hospital
bu ildin g In <i m verneur Slip, m atu rin g N ov e m b e r 1. 102S.
1,600,000 00 corp orate stock tor th e use? and purposes o f th e D epartm en t o f
D ock s and Ferries, m aturin g N ovem ber 1, 1V28.

W hann A Scblcsinger, N .'Y ....... 106*117
Blair A Co. and Est abrook & Co.,
New York..................................... 100*110
A d am s A Co.. B o s to n ....... — ..105*542
W h itaker A Hodim ian, St.Louis.HH>*4?0
V e rm ilv e A Co.. New Y o r k ..........105*191
E.H .R ollins ,v Sons and K ountze
B ros.. B oston and New Y ork. .105*137
B lodget, M erritt A C o., B o sto n .105*078
F a iso n . Leach X Co.. C h ic a g o ... 105*025
M ississippi Valley T rust Co., St.
L o u is .......... .............. .................... 104*791
A lb a n y Savings Bank, A lban y
( t 100,000)........................................101*560
A lb a n y Savings Bank, A lb a n y
(StOOjkib)....................................... 103*810

A lb a n y Savings Bank, A lb a n y
(MOO.OUgj.........................................103*060
Air heim ar A R o llin s St. L o u is. .104*490
R- L. 1 a v A Co.. Now Y o rk .........104*290

\Verase A Dieckman. Kuhn &

i
1

Co and S. (3, Edw ards A Sons
Brokerage C o . St. L-oits. ___ 103*835
K uhn. L o e b A Co.. N ew Y o r k — 102*924
W ra. C. L ittle A Bro. In vestm en t
Co , St. L o u is............ .................... 102*710
St. L o u is T rust Co., St. L o u is. .-102*500
H o m e Savings Bank, A lb a n y
N. Y. (.*50,0' 0 ) . ........................... 101*500
S. A . K ean, C hicago
............... 100*500

For description of bonds see C h r o n i c l e July 16, 1898, p. 139.
Salt Lake City, U tah .— Bonds Proposed.— The Committee
on Finance of the City Council has presented a report recom­
mending the refunding of $500,OdO 5f bonds issued in 1883
1
1. A
in
or a with a like amount of 4 per cents. The old bonds mature
September 1, 1908, but are subject to call September 1, 1898.
San Rafael, Marin County, Cal.— Bonds Voted—A t the
election held July 16, 1893, the issuance of $26,C00
gold
sewer bonds was authorized, Secnrifies will be in denomin27ie official notice o f this bond offering will be found among alion of $850, and will mature one bond yearly on September
the advertisements elsewhere in this issue o f the CHRON­ I from 1899 to 1938, inclusive. The date of sale has not yet
been determined.
ICLE.
SauIt Ste. Marie (M ich .) School D istrict.— J$0%& Sale.—
Interest Appropriations.—A t a meeting of the Board of On July 20, 1898, the $22,000 414% school bonds were awarded
Estimate and Apportionment, held July 27, 1898, an appro­ to Rudolph Kleybolte & Co,, Cincinnati, at 108-227. Follow ­
priation of $619,816 was made to pay interest on bonds of ing are the bide:
Qaeens and Richmond boroughs, and $379,385 77 to make R u d olp h K levboito A Co..Cln.132.710 00 I Fnrson, L oa ch A Co., C h ic ...$72,507 00
LamDpro
C leve . 22,707
85- I Briugs. Sm ith X Co C iu cio ... 22,385 60
p r ei-h
c b t.
t Bros. Co.,
U v .» ------------payments on the principal of maturing bond,* of these Season
22,378 00
good A Mayer. < lncm. 22.706 85 Spitz or ,v Co., Toledo.
W. J. Iiay*>B
A
Sou*.
Clevtt
... oo
22,687
oo Onus. K T e m p le . >r. R*ipids. 2Y,322 00
boroughs.
..
,
_
t
/>_
/ii......
m
i
no
Denison, Prior A Co., Cleve.. 22.577 00 |Mason. Lewis A Co., Chicago. 22,139 00
Northam pton, Mass .—Loan Authorized .—A t a special
A ll bids included accrued interest and blank bonds. Bonds
meeting of the city government held Jnly 25, 1898, the F i ­
nance Committee was given authority to borrow $30,000 for mature September 1, 1908. For further description of bonds
not more than one year to pay land damages resulting from see Chronicle July 9, 1898, p. 89.
Schenectady. N. Y.—Bond Sate.— On July 23, 1898, the
the abolition of grade crossings.
$15,000 4% registered school bonds were awarded to Isaac W ,
North Tarrytown, N. Y.—Bond Sale.— On July 25, 1898, Sherrill, Poughkeepsie, at 101-76. Following are the bids :
the $30,000 gold sewer bonds were awarded to Mechanics’ I. w Sherrill. POtigbkeapsie... JOF'O I Farnon, Leacb A Co., New York.l0l*5Q
Savings Bank of Fishkill at par as 3'30)S bonds. Following Schenectady Saving* Bank......101*70 I N. W. Harrl« A Go., New T o rt..101*16
Estabrook &• Co., B(>ston.......... 101*045 |S. A. Koan, C h ic a g o ,............ ,,.,> .1 0 0 '5 0
are the bids:
DuuiComb & Jeunlaon.............. 101*60 I

The above-described stock is exempt from all taxation in
State of New York except for State purposes. Interest will
be payable May and November
deposit money
certified check payable to the Comptroller upon one of the
State or national banks for 2£ of the par value of the stock
bid for must accompany proposals.

THE CHRONICLE.

JULY 30, 1808.]

Bonds mature $3,000 yearly on August 1 from 1899 to 1903,
inclusive. For further description of bonds see C hronicle
J u ly 16, 1898, p. 140.
Seneca School D istrict, Nemaha County, K a n .—Bond
Sale.—On July IB, 1898, the State School Fund Commis­
sioners purchased $1,000 5f bonds maturing July 1, 1903.
Sharon (P . O. New Sharon), Iow a .—Bond Sale,—The
town has awarded to Gilman, Son & Co., New York, $8,500
4 % f 5-20-year water bonds.
Sharon Special School D istrict, Sh aronville, Ohio.—
Bond Offerm g. — Proposals w ill be received until 13 m.
August 15. 1898. by Peter Denman, Clerk Board of E lu c a tion, for $5,0.0 6f coupon bonds. Securities are issued pur­
suant with sections 3991 and 3993, Revised Statutes of Ohio.
They are in denomination of $250, dated August 15, 1898.
Interest will be payable semi-annually at the First National
Bank, Lockland, Ohio. Principal w ill mature $250 yearly on
August 15 from 1899 to 1918, inclusive.
Sheboygan. IVis.—Bond Sale .— On July 23, 1898, the $35,000 4f school house bonds were awarded to the Bank of She­
boygan at 102-28. Following are the bids:
Bank of Sheboygan..................$25,670 00
Denison, Prior Co- C le v e .. *6,812 - 5
Seasongood k M ayer, C incin. 25,233 05
Spitzer k Co., T o le d o ................ 25,217 CO

W . J. H ayes & Sons. C le v e ...$25,197
F a rsoo, L ea ch Jt Co., C o i c . 25,167
MaaoD. L ew is k C o - C h ic....... 25,165
N. YV. H arris k C o., C n ic a g o .. 25,062

00
00
00
50

Bonds mature March 1, 1918, subject to call after March 1,
1913. For further description of bonds see C h r o n i c l e J u ly
23 1898 p. 192.
Shiloh Valley Township, Slilloh, 111.— Bond Sale.—On
July 16,1898, $1,40 I of bridge bonds were sold to Louis Perrotte and $300 bonds of same issue to H v. D. F. Friedevald
at par. Bonds are dated Jaly 25, 1893, and are in denomina­
tions as follows : Bond No. 1, $300, maturing March 1,19 10;
bond N o. 2, $500, maturing March 1, 1901; bond No. 3, $600,
maturing March 1. 1902; bonds Nos. 4 and 5, $150 each, m a­
turing March 1, 1903. Interest will be payable annually on
March 1.
Shnllsburg, W is .—Bond Sale. — The city has sold the
$2,000 6f water-works bonds to the Mrs. L. S. Hardy estate,
at par. These bonds were originally advertised for sale on
May 3, 1898, hut were not sold on that date.
Principal will
mature one bond of $500 yearly on May 1 from 1901 to 1904,
inclusive.

Siskiyou County (C al.) Pebble School D istr ic t -B o n d
Otfenna -P rop o sals will be received until August 8, 1898, by
^ . C o a n t y Treasurer, at Yreka, for $1,000 8%
school bonds. Securities are in denomination of $100 and
mature SjhO yeaNy on July 15, from 1899 to 1903, inclusive.
held ^Julv ' m ^
~
Bond.\..D fe a t e d .-M the election
held J uly 20 1893, the proposition to issue $100,000 sewer
bonds was defeated by a vote of 263 to 599.
South Hadley F a lls, Mass .—Special Tou-n Meeting. — A
special town meeting will be held August 4,1898, to see if the

wiLh the
t^l Massachusetts
iiaQcf antf, 0ri?e
*he Selectmen
to makefora contract
with
Highway
Commissioners
the construct ion of a State highway, and to see if the town will
authorize a loan of $ >,000 or any part thereof, to be reim­
bursed
theexceeding
btate, for 5f.
a period not exceeding one year and
at a ratebynot
, Souili Omaha, Neb.—Bonds Defeated. - B y a vote of 247 for
to 799 against, the citizens of this place defeated the proposiT10in t So18? o n o ^ 0’ 000 b o n d s f o r a c lt y h a ll, a t th e e le c tio n h eld
J u ly co, io 9 o .

t ^
®
— follow in g are the bids received
J a’ y 3 3 ,1 8 9 8 for the $174,000
1-20-year school bonds and
fcfOjOOO
1-10-year miscellaneous bonds :

For the E n tire Issue.
B lake Bros. k Co., B o s t o n .......... 103’ 29
R . B. Sm ith & Co., N ew Y o r k ....103 09
Edw. C. J on es C o - N ew Y o rk . ..‘.102-013
N. W . H arris k Co., N ew Y o r k ..102*777
R. L. D ar k Co.. B o s to n .............................
D u n scom b & Jen n ison . New Y o r k ..............
K stab rook k <o.. B o sto n .................................
Jo se . Parker <fc Co.. B o s t o n ..........................
R h oad es & R ich m on d. New Y o r k .................
E. H . R o llin s k s o n s, B o s t o n .....................
L ee. H ig g in s o n

k Co..

BONDS.

$185,000
of Bayfield,

Wis.,

Telephone, “ Cortlandt 4362."

Dated Oct. 1,1895. Maturi ug Oct.l, 1915

'Cincinnati, Ohio, Office, Third Street,
Corner Walnut.

Interest payable April and October at Dllnois Trust
k Savings Bank, Chicago, both principal and Interest
payable In G old Coin. Denomination $1,000.
STATEM ENT.
R e a l V a lu a t i o n .........................$ 2 0 , 0 0 0 , 0 0 0 0 0
A s s e s s e d v a l u a t i o n ................ $ 5 , ‘2 * 2 9 ,1 1 1 9 1
T o t a l I n d e b t e d n e s s .................
$ 1 8 8 ,2 7 8 2 3
P o p u la t io n , 1 7 , 0 0 0 .

Price on application.
Write to r special circular giving full description.
Personal Interviews Invited.

M A S O N , L E W I S & CO.,
B AN KERS,

505 New York Life Building, Chicago.
67

M IL K

STREET,

BOSTON.

Hereford Ry. 1st 4s, 1980.
Detroit Railway 1st 5s, 1924.
Denver, Col., 6s, 1915.
Topeka, Kan., 5s, 1912.
Berkley, Va., 6s, 1928.
Douglas Co., Ga., 6s, 1913-1918.
PRICES ON APPLICATION.

C. H. W H IT E & CO.,
B AN K ERS,

Wha n n & Schlesinger,
M U N IC I P A L

BONOS,

71 B R O A D W A Y , N EW Y O R K .

UNITED

STATES

3% Bonds
BOUGHT

AND

SOLD.

^ 5 9 3 ,0 0 0
CITY OF ST LOUIS
3 1 2 * G O L D R E N E W A L BONDS,
due J uly l » t , 1 9 1 8 .
Principal and interest payable in New Y ork in U. S.
G old Coin, o r L on d on in pounds sterling a t 4-8805 at
op tio n o f holder. P rice on application.

MASON, LEWIS & CO.,
BANKERS.

R.

L.

DAY

& CO.,

6 7 M ilk S tr e e t, B o sto n ,
1 7 1 L a S a ll e S t r e e t, C h ic a g o ,
O FFER FO R SALE :
S t a t e o f M a s s a c h u s e t t s ...........................

Co,

l « l M o r t g a g e OX 2 0 - y e a r G o ld B o n d i ,

Total issue $260,000.
First Mortgage at $14,000 per mile.
Net earning* for 28 months of operation, $09.9*8 90
equivalent to 12% on the total Issue o f bonds.
Population of Los Angeles 103,079.
Send for full description o f property.

E. H. ROLLINS & SONS,
1 9 M ilk S tr e e t, B o sto n , M a o .

Clearfield & Mahoning RR. 1st 68, 1943.
Staten Island Ry. 1st 4J4s, 1943.

W E O FFER

4 0 W a t e r S tr e e t, B o s to n .

Los

101*358
101-011

3 1 N A S S A U S T .. NE " Y O R K .

1 B ro a d S tr e e t. N e w Y o r k .

$175,000
Angeles Ti action

101-79

IN VESTM E N TS .

35 Nassau Street, New York.

Telegraph at our expense or write for full
particulars.

101-93
101*63

B o s to n . >

5%
Gold Bonds.

S ta te o f M ln n e v o ta ....... ..........................4 m
B r a d d o c k , P a .............................................4 1sm
C o r a o p o ll* , P a .......................................... 4h2«
N e w p o r t N e w *, V a ..............
4ha»
C la r k C o u n ty , K y ................................. 4 m
M a r lo n , I n d ............................................. 4 lqm
M e m p h is , T e n n .........................................6 m
S ev ier C o u n ty , T e n n .............................. om
S h e r id a n , I n d i a n a ................................... 6 «
B e x a r C o u n ty , T e x a s ............................ 5s
A k r o n , O h io ................................... ............ 5s
B r a d fo r d , P a ............................................. 4 m
T a m p a , F l a . (G o ld ) ................................6 m
C a rro ll C o u n ty , K y ................................6 m
P e n d le to n C o u n ty , K y ......................... 5 m
G r e e n v ille , T ils*........................................ 6 m
G a llia C o u n ty , O h io ................................5 m
C le v e la n d , O h io , S c h o o l..................... 4 ^ m
S h e lb y C o u n ty , T e n n ............................ 6 m
B o w l i n g G r e e n , O h io .............................5 m
D a lt o n , G e o r g ia ........................................ 5 «

$40,000
Misc. Bonds

As stated last week, bonds were awarded to Blake Bros. &
Co. of Boston.
Sutherland (Io w a ) School D istrict .—Bond Offering.—
Proposals will be received until 1 p. m , August 10,' 1898, for
$2,000 o f bonds to build addition to school-house. Interest
will be payable semi-annually, and the principal will mature
$500 yearly on December 1 from 1901 to 1904, inclusive. Th e

NEW LOANS.

Rudolph Kleybolte & Co.,

$174,000
School Bonds.

W hann k Schlesinger. N ew Y o rk .................
Street. W y s e s k C o., N ew Y o r k ...................

N E W LOANS.

County

243

W e w a n t the f o l lo w i n g T e x a * B o n d s s E astchester, N, V ........................ *........
F o r t W o r t h . H o u s t o n , D a l l a s . G a lv e s t o n G la ston b u ry , C onn.......... ..................
C it y a n d W l m r l B on d s i a l « o o ld Is s u e s of S tow e. V t ........ -.....................................
th e s m a lle r m u n ic ip a l t ie s of th e a b o v e S t a t e . R en o C ounty. K a n s a s .........................
L a k e C o u n t y . I n d .............................................
S O U T H E R N & W E S T E R N S E C U R IT IE S A
S P E C IA L T Y
A n d O ther D esirable Securities.

ROSENBERGER & LIVERMORE,
NPM HER

FORTV

W A T .l ,

H T .. N . V .

W ARRANTS.

Carefully selected, High-grade 8tate, County, City
and Public School issues, maturing In 0 to 24 months
and earning 6 to 8 per cent our specialty.
W . H . EM ERSON,
E q u it a b le B u ild in g ,

B o sto n , M a s s .

.3Ms
.4 s

4s

,4s

■ i?
5s

W illiam E. N ichols,
1 5 W A L E STREET,

-

NEW TORK.

MUNICIPAL W ARRANTS.
SEND FOB LISTS'

244

THE CHRONICLE.

district has no debt, and the assessed valuation is $80,395,
about 251 actual value. W . P. Davis is the President of the
School Board.
Swampscott, Essex County, Hass .—Bond Offering, —P ro­
posals will be received until 3 P. m . August 3, 1898, by the
Chairman of the Board of W ater Commissioners, for 3100,000
3d year gold water bonds. Securities are issued for the
purchase of the Marblehead W ater Company's plant. $10,000
will be in denomination of $300 and $90,000 of $1,000 each.
They are dated Augnst 1, 1893, with interest payable Feb­
ruary 1 and August 1, at the Manufacturers’ National Bank
Boston.
Sycamore (111.) School D istrict .—Bonds Voted. — A t the
election held July 35, 1898, the issuance of $15,000 4jt school­
building bonds was authorized. Securities are in denomina­
tion of $1,000, and mature one bond yearly.
T aberville (M o.) School D istrict .— Bonds Registered .—
The State Auditor has registered five $100 7% bonds of this
district, issued July 15, 1898.
Thom aston, (In — Bond Election.—An election will be held
August 29, 1898, to vote on the question of issuing $10,000
bonds. Interest will be payable January and July, and the
principal will mature $500 yearly from 1901 to 1930, inclusive.
Troy, N. Y .— Temporary Loan .— The city has awarded
$150,000 temporary loan bonds to Dunscomb & Jennison,
N ew York. Bonds hear 2K £ interest, and mature October
20, 1898.
Two H arbors, M inn .—Bond Election.— A n election will be
held August 2, 1898, to vote on the question of issuing $8,000
electric-light plant bonds. Securities, if authorized, will ma­
ture $2,000 yearly from 1900 to 1903. inclusive.
L'nadilla, Ga .—Bond Sale.— On July 25, 1898, the $4,000 82
10-20-year (optional) water-works bonds were awarded to
W . S. W itham , Atlanta, at 106'25, Following are the bids:

[V c l . L X ^ I L

IVliite Plains,
Y .—Bond Sale.—On Jnly 25, 1898, the
$130,000 li bonds were awarded to Rudolph Klevbolte & Co.,
New York, at 110*18. Following are the b id s:
Rmlolpli Klpybolto * Oo.. N.Y. .110*18
Denison. Prior A Qo»Ctevatit&<!.10b*63
N. W. Harris & Co., Now York,. 108*28
Edw. C. ilonos Co„ Now York... 100*212
Blake Bros, & Co.. New York...,10i**H
Karson. Loath A Co., N. Y......,.100*<*7<J
L. W. Sherrill, Fouabkcaphio__ 100*03 !

Street, Wykos k
New York. .104*77
Bertron AStorr-*, New York— ,.108*75
Seymour Bros, k Co.. New York.lOS‘17
\V. J. IIayes ,v Sons. Cleveland..lOS’OO
Whann k ScMosInger. N Y , ..107*15
Homo Suvinirs Bank of White
Plains................. ......... ...........105*15

Bonds mature $1,000 on August 1, 1914, and $9,000 yearly
on August 1 from 1915 to 1028, inclusive. For further
description of
bonds see C h r o n i c l e Julv 23, 1898,
p. 194.
W ichita, Kan.— Bond Proposition Rejected .— A t a meeting
of the City Council held July 19, 1898, a proposition was
received from Spitzer & Co., Toledo, offering to refund the
$50,000 6£ Kansas Midland Railroad aid bonds with new
bonds bearing
interest, the Toledo firm to pay expenses.
The proposition was rejected.
W ilco x Township School D istrict No. ’ , Newaygo County,
Mich.— Bond Offering.— Proposals will be received until 12
m . August 1, 1898, by L . A . Bracy, Director, for $3,500 <
j%
bonds. Securities are dated August 1, 1898; interest will be
payable semi-annually, and the principal will mature $500
yearly, beginning March 1, 1900.
Wyandotte County (K a n .) School D istrict No. 11.— Bond
News.— W e stated last week that theStateSchool Fund Com­
missioners had purchased $2,000 bonds of this district.
These bonds Dear 5% interest and mature in from five to nine
years. Bonds were sold on July 2, 1898.
Yale, Mich.—Bond Sale.— On July 15, 1898, the $14,000 4
water-works bonds and $6,000
electric-light bonds were
awarded to W . J. Hayes & Sons, Cleveland, at 101*563. Fol­
lowing are the bids :

W. 8. Witham, Atlanta..... ....... $4,250 1Jas. A. Gauche, New Orleans,,. $4,240
Noel-Young: Bond & Stock Co.,
W. A. Matthews, Atlanta............ 4,200
St. Louis.................................... 4,245 |W. H, Patterson & Co., Atlanta.. 4.100

W. J. Hayes & Sons, Gleve....$2<\S12 00 I Wayne Co. Sav. Bk.. Detroit.$20,050 00
Mason, Lewis A Co., Chicago. 20,223 00 Parson. Leach & Co., Chic— 19,800 00
S. A. Kean, Chicago.............. 20,200 00 |

Utica, N. Y .—Temporary Loan .— The city has negotiated
$28,000 temporary loan bonds with a local bank. Bonds are
issued in anticipatian of the collection of taxes, and mature
November 1, 1898.
Vailshnrg, N. J ,—Bonds Authorized . — The Council has
decided to issue water bonds, according to local reports.

The principal of the electric-light bonds will mature $1,000
yearly on August 1 from 1902 *o 1907, inclusive, and the
water-works bonds will mature $1,000 yearly ou August 1
from 1908 to 1919, inclusive, and $3,000 in 1920. For fur­
ther description of bonds see C h r o n i c l e July 9, 1898,
p. 90.

IN VESTM ENTS.
New York State

IN VESTM EN TS.
E D W A R D C. J O N E S CO.

3ls.

DEALERS IN

Mu nicipal, Railroad,
Street Railway and Gas

W. Hampton Wade,

BONDS.

3 5 N assau S tre e t, N ew Y o r k C ity.

ADAMS & COMPANY,
BANKERS
d e a l e r s in

NEW YORK,
1 NASSAU STREET.
PHILADELPHIA - 421 CHESTNUT ST.

BOUGHT AND SOLD.

IN V E S T M E N T S .
Municipal, Railroad and other

JLISTS ON A P P L IC A T IO N ,

BONDS.

BAN KERS,

A.

D evitt & C o .,

M U N IC IP A L BONDS.

C o u n t y — Ci ty— School
BONDS
B O U G H T AND

BRIGGS, SMITH Sc CO.
3 5 Bant T h ir d S tr e e t, - C in cin n a ti, O h io.

T rowbridge,
Ma c D o n a l d
& N iver C o .
M U N IC IP A L
1 s t Nat, B ank B ld g.,

BONDS,
-

F irs t N a tio n a l B a n k B u ild in g .

CHICAGO._______

MUNICIPAL

SOLD.

.

CHICAGO I

828 CHESTNUT STREET PHILADELPHIA.

31 N A S S A U S T , (B a n k o l C om m erce Bids:.)

M.

HIGH-GRADE

C o r p o r a t io n L a w a S p e c i a l t y .

APPRAISEMENTS MADE OR QUOTATIONS
FURNISHED FOR THE PURCHASE. SALE, OB
EXCHANGE OF ABOVE SECURITIES.

No. 7 Congress and 31 State Streets,

BOSTON

G E O R G IA .

Nine years practice in Alabama,
Six years in Georgia.

G o v er nment and
Francis Ralston W elsh ,
Municipal Bonds

IN V E S T M E N T BONDS, N. W . H A R R I S & CO.,
Members of Boston Stock Exchange.'

A T T O R N E Y -A T -L A W ,

SAVANNAH,

S y ra cu se , N» Y ., R a p id T ra n sit R ’ vvay ,1s.

FARSON, L E A C H &CO.,

LOANS NEGOTIATED 7 AN D 8*
oil Georgia and Alabam a Real Estate.

Massachusetts State
3 1 s .

IN V ESTM EN TS .

BONDS.

Securities N etting from

j to (i%

ALWAYS ON HAND.
Send for our Investment Circular.

DUKE M. FARSON, Banker,
Vtanlclpal Bonds.

18*2 D earborn S tr e e t
C H IC A G O .

MUNICIPAL BONDS.
E. C . STANW OO D & C o .
BAN KERS,

121 Devonshire Street,
BOSTON.

Blodget, M erritt & C o .,
BANKERS,

16 Congress Street, Boston.
ST A T E , C IT Y & R A IL R O A D

GOOD

BONDS

INVESTMENTS

N E T T IN G 5 TO 8 P E R C E N T.
W a sh in g ton W a r r a n ts , B ond s and S e c u r t
ties o f all k in d s B ou g h t an d S o ld .

CALVIN PHILIPS,
307-8-0 CALIFORNIA BUILDING,
TACOM A*
W A S H IN G T O N .

W . J. Hayes & Sons,
BAN KERS,

D E A L E R S IN M U N IC IP A L B O N D S
Street Railway Bonds, and otber high-grade In­
vestments,
BOSTON, MASS.,
C le v e la n d , O hio,
7 Exchange Place,
3 1 1 -3 1 3 S u p e r io r St*
Cable Addrest, "XBNXETH."