Full text of Commercial and Financial Chronicle : July 9, 1898, Vol. 67, No. 1724

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nnuiu’tn
[S n terad «uooramt! to A.ot of OonicrBsa, in tn e yaar 1898, by tba William B. D a s * C ompany , In tha office ol tbe L ibrarian of Oongreaa ]

VOL. 67.

SA TU RD A Y , JU L Y 9, 1898.

CLEARING HOUSE RETURNS.
For the month of Jane the clearings make a satisfactory
exhibit. All bat nine of the cities included in onr state­
ment record gains over the corresponding month of 1897, and
in the aggregate for the whole country the excess reaches
33 0 per cent. Oatside of New York the increase is 17-o p. c.
Six Months.

June.
1898.
N gw Yore.
Baltim ore....
Buffalo..........
W ashington.
Rochester ...
S yracuse........
Soranton . ...

Boston..........
Provldeocs...
Hartford......
New H aven..
Springfield ...
W orcester....
Portland.......
Fall River....
b o w e il..........
New Bedford
Total N.Eng

1897.

P.Ct.

1898.

1897.

P.Ct.

«
1
*
«
3.205.851,790 2.571,540.708 427*0 19,904.758.351 14,158,059.828 H0*fl
323,009.970 252.057.301 +20 1 1.801,571,tfStf! M91.tf35.48i ‘-20*8
+29-0
485.838,579
378,130,657
+28-5
83.138.04g
04.140.457
300.221,321 +27*3
81,951.570
60.-84.81C 434*0
458.571,43?
90,012.711 +9*7
17,576,738
17,770,3«0i —1*1
105.349.722
9.928,027 —7-9
50,508.646
4+777,75lo +3*5
9.141.887
7,502,562 +7*9
39,007.71*! +15*9
S.OOl.SOS
45,194.21s
24.037.40 +23*0
5.0 3.372
4.227,477 +20-5
2+569.43S
20.261.92i +158
3.051,750
3.609.0*1 +9-5
23,450,22'!
3,108.070
10,304.205 +17*2
2,012.511 + 21*3
19.1«9.538
1.547,700
1,340,30 + 15 1
9,101.“OO1
H, 128.100 +12 7
3.802,521,823 2,995.019.708 4209 22,930,08*1,791 16.043,907,030 +37*9
426,051.710 422,911,909 +3*9 2,009.202.285 2,413.934.130 +8-1
21,847,30C
120.745,10"
131.016 600 -2*2
2a.183.20J —1*5
10.358,-2*2 +0*5
0+a60,852
02,706,15g 4-o*3
10,409.98:
39,783,317
3+507,79S +3-1
0.573,924
6,261,08. +5*0
33,307.718 + 10*4
5.895,884
5,773.600 +2*1
30,850.901
0,255.4 53
30.86+091
34.932,901 +11*3
0.233.913 +0*3
0.020,311
5,0*0.553 + 7*0
34.792,045
31,654.53d +9*9
3.041, -300
3,571.791 —1**8
20,799 951 -1*7
2J.450.51H
15.943,854 +10*3
17,535.592
2.940 *‘47i
2.00+C52 rlo*?
2,056.270 +29 1
12.070.462 +8*1
2,654 951
14,022.M57
+1*0
3,003,171.2331 2,79d.653,ll3 +7-4
492.297,380 487,041,2*7

NO. 1724.

The week’s total for all cities shows a gain of 9 ‘9 per cent
over 1897. The increase over 1896 is 33'7 per cent and the ex­
cess over 1895 is 20-5 per cent. Outside of New York the gain
compared with 1897 is 11 9 per cent, the increase over 1896 is
28-0 per cent, and the excess over 1895 reaches 14'4 per cent,
Week ending July 2.
Clearing* a t—

1898.

New Yorx.............
Philadelphia........
Pittsburg..............
Baltimore....... .
Buffalo..................
W ashington.........
Rochester.............
Syracuse...............
Soranton...............
Wilmington..........
Bingharntoo.........
Total Middle....

826,863.622

701,721.696
81,612.622
70,271,838
17,074,779
23,875,28a
18,150,196
21,512,169
8.015.540
3.837.088
2,446,818
2,317,809
1.870.272
1,977,978
1,160,179
703,233
901.700
954.298
974,429
877,105
_ 354,9JO
327,800
908,308.055 878,720.119

Boston...................
Providonoe...........
H artford...............
New Haven. ......
8prlngfield......... .
Worcester.............
Portland...............
Fall R iver............
L o w e ll...............
New Bedford........
Total New Bug..

115,003,588 122.457,708
5,757,400
5,461,600
2.981,109
3.173,680
1,766.587
2,040,446
1,728,000
1.888,472
1,015,122
1,6 »8,858
1,093,166
1,592,256
695,702
950,998
671,803
000,201
623,060
462,149
132,432,466 140,350,347

Ohioago.................
Cincinnati.............
D etroit..................
Cleveland.............
Milwaukee............
Columbus.............
Indianapolis........
Peoria...................
Toledo...................
Grand Rapids......
Dayton....... .
L ex in gto n .............
Kalamazoo............
Akron.....................
Bay C ity............... .
R ockford.............. .
Springfield, Ohio..,
Canton...................
Youngstown*........
Evansville*............
Tot. Mid. W est’r

92,358,080
109.030 921
15,230 900 13,511,700
7,230,850
0.233,736
5,808.203
7,624.759
5,233,754
5,009,895
8.900,000
8,780,8u0
2.435,263
2,827.576
1.582,240
1,682,481
1.474,065
1,511.075
742,957
954,689
558,720
085.516
349,2*9
435,757
228,120
208,094
190,600
370,900
109,110
190.078
157,079
215,017
223,272
154,648
205.278
220,090
356,521
028,739
158,109,070 133,207,147

1897.

480,032,876 360.435,191 +31*2 2,703.425.850; 2.017.043.733 +34*0
59,05-4,400
32+471,400
307.584.50J +0*8
57,872.500 +3*1
137,710.055 +2L*3
28,730,23d
2*,9*0.087 + 15 0 107,100.599
149,764,918 +23*2
32.050.3J6 26,389.521 *-24'1
181,453.352
111,103,33/ +18*2
23.177.610
17.020.5-8J + 31*5! 131,411.805
90.015,850 +15 9
10.04*3. loo
14.088,000 +7*7
104,351.000
52.009.782 +44*5
11.515.250
10.839.506 +**2
0+599,707
0.046,099 + 19*7
37,808.403 +10 0
7,238.218
13,917.472
P e o ria .
+59*3
8.70+009
48.800.670
37,81+804 1-29*4
6.780,041
Toledo..
18,443,455 +30*0
4.125.491
2,003.224 +411
24,095.705
3.237,090
15,18 *,470 +23*3
2.03+072 + 22*9
19.173.601
Dayton.........
9.005.91b
7.777,027 +24*3
1.401,459
1.293,574 + •0-4
Lexington ..
+ 10+235 t 22*8
1,391,104
7,93+170
1,170.988 + 13-1
Kalamazoo...
1.421,300
1,167,60 J
0
0,620. 03 r-10-7
7,726.00 J
A k ro n .........
4,709,253 (-15*9
1.010.874
854.950 + l«*o
5 529,803
Bay City.......
1.033.719
4,905.012 +19*9
**57,505 -t-20-5
6,001,081
Rockford. ...
4.077.120 1-20*0
710,00* 1-17 7
4.918,104
83 3,816
937.322
5,387.fii7
4.220.0*0' +27*7
803 36 ’ t-10‘ 7
Canton
10,795.520
14,233.044
084,007,155 513,234,^85 +2o*W 3,807,923,53 • 3,014.750,736 +28 3 San Franclsoo......
1,713,792
1.785,310
Salt Lake C ity......
1,427.137
00.437.647
1,380,552
60 637,243 + 17*5 397,412.600 321.00 +241 +22*4 Portland...............
San ffranotsco.
0.100,10* +11*4
3+999.013
32.471.5y8 +2 j*1 Los Angeles.........
1,289.982
1,029,513
6+82. •21
Balt Lake
460,000
653,420
4.90 4.111 r*5*0
46.211.515
20,107.318 t-70*6 Helena..................
7.108,122
Portland..
28.027.137 +28*7 Tacoma.................
0.003.128
30,052.508
000,000
625,600
4,761.627 r27*3
10.067,741 +121* Seattle..................
23.020,73 i
1.200.000
010,872
3.091.581
2,012.725 +80*7
Taoom a......
12,773,451 +178* Spokane................
750.000
099,134
5.516,238
2,8 3,731 + 90-8
35,519,78-''
Beattie........
20,801,490
14.14+010 •-47*1 Fargo....................
190,079
121,142
3.699.904
2.745.654 -r 30 Spokane... .
3,o23,l5l +72*8 Sioux Falls......... .
103,621
939.219
5,741.413
53,121
070,960 +3-0-0
Fargo..........
2-4*
4-03 6
1.234.571 1-131*
2.850.41450.98 4
Sioux F alls..
20.852,170
24,095.575
Total Pacific....
Total Pacific 100,856, c36 80,897.2*6 + 24*0 008.0 *0,20J 453.951.874 +33 9
10,654,884
8,214,998
Kansas C ity......... .
201,222,705 +7*3 Minneapolis......... .
0,856.010
7,053,388
47.406,891
49,794,335 +10 2 280,410,049
Kansas City-.
33.040 771
152,707,591 +34*7 Omaha........... ........
4.628,909
27.004,440 4-19*0 2o5.735.690
7,144,468
Minneapolis...
108.323,143 +33*9 St. P au l.................
145,101,343
3,210,041
27,4 72,505
19,700.0*0 439*0
3,704,880
Omaha...........
90.405,849
77.250,558
2,933.876
2,240.186
14,970.973 -20 O
17.907,810
St. Paul...
D en ver................. .
-r
18'9
73,40+029
08.39l.eO3
050.907
12.450.097
10.479,917
t-15‘8
080.298
Denver..
Davenport.............
18,045,114
14,110,945 +27*8 St.
3,739,502
1,195.058
3 376,401
2,700.212 +24>
Davenport....
Joseph
............
59,076,070
30,920.014 +91*0 Des Moines............
1,000,000
876,000
5.460.012 + 103
14.65),33 ■*
St. Joseph ...
32,636,146
25,428.164 +28*5 Sioux C ity.............
791,217
606,238
6 8i3,l 30
4,00+035 +45 0
Des Moines .
13,98+443 -+39*1 Lincoln..................
329,390
311,.
2,08+005 4-19*2
Itf.189.9a0
8.196.819
Sioux City ...
8,054.709
7,181.782 +15*7 W lo h lta...............
413,924
1,58+919
1.4 70.537 +7 0
438.890
Lincoln........
11.936.114
10.301.949 +15*9 Topeka...................
327.202
1.8*3.307 +38
1,913.722
420,254
W lohlta.........
13,545.292
9,801.413
+34
90,024
03,304
1.975.742
1,910.42.1
+37 5 Frem ont................
Topeka ... ...
2.919,678
1.020,78 L +82*0
98,455
121,020
418,63 <
318.726 +33 9
Fremont........
V, 187 2"8 +30*4 H astings................
2.8 '1.409
445.317
3'4.403,+la-9
Hastings.......
29,097,861
89.718.172
Tot.
other
West.
9/0,207,911
770.809,3*4 +21*0
Tot. oth'r W. 171,703.014 134.468,125 +27*7
23.573.464
26,310.972
St. L o n ls ..............
7X3,148.923
6,320,092
855.152.8jfl +8*9 New Orleans..........
0,325,761
St. Loots....... HP.745,040 113.812.04 i +5*2
23+104.076
7,210.816
27.013,992
200,567,408 +16*7 Louisville......... .
24,94 +511 +11*0
7.804,344
New Orleans..
150.290,640 +l *2*4 Galveston...............
1.932,600
175.042,10 i
28.833,239
27.219,050 +5-8
2,490,050
Louisville.......
70.071.000
58,417.250
+2+0
+
32-0
2,856,670
9.973,500
7.519.500
2,702,781
Galveston......
Houston..........
05.024,3 8
59,229,709 +10*8 Savannah...............
1,964,142
9.101,981
1,851.072
7.50 \202 i 201
H ouston.......
50,319.070
62.890.43! +0*0 Richmond..............
8,010.284
0,0'i3.10*5 +7*9
7.425.401
8.062,810
Savannah . .
02,022.165
61,903,381 +12*3 Memphis.......... .
1,561,684
1,212,419
10.615.590
8.957,901 4-18-5
Richmond ....
69.002.09
j
41.4W0.172
1,051.349
5.871,001
4-32*8 A tla n ta ..............
1,185.463
0,76 7,631 -13*1
Memphis........
35,293,051
33.923.481 +4*0
981,135
1,044,720
4,854.712
4.709.899 + n
Atlanta ......
..........
*9.479,429
29,101.055 +12*9 Nashville..
859,170
4.004.071 +59
882,603
4.303 38 J
N ash ville......
Norfolk...................
+13*2
tfl.2tffl.tf07
+9*2
573.558
22.250.001
8.8
>3.3
79
750.000
3.404.211
N orfolk.........
Fort W orth............
16,998.021 +29*3 Augusta................
642,594
2i.903.78-f
3.955.841
2,894,381 4-30*7
413,711
Fort W orth... ,
1+374,912 —1*3 Birmingham..........
372,537
1-.03 2.860
2,301.440 +3"z
2.374.300
881.370
Augusta___
11 ,037.831
9,044.310 + 23*8 Knoxville............
483,766
1.780.420
5U3.735
1,573,011 + 13-2
Birmingham.. |
11,499,972
+17*7
266.330
13.538,139
261,805
2.420,703
1.980.350 4-21-9
Knoxville ...
9.398,549
183,894
7.670,810 +24*0 Little Rock............
1.109,44 l
161.690
1.210.178 -1*7.
Little Rock...
0.0; 8,998 -50
200.435
fi.flfl3.052
832.851
839.492 —3*1
288,701
Jacksonville..
8.978.718
7,084.182 T-fl'J Macon...............
449,000
1,510.635
1,058,929 —8*9
874.000
Chattanooga.,
+11*9
14.625.000
12.953.000
1.72I.IW
1,96#,000 -11*9
M acon............
53,028,167
57,991,102
Total Southern..
Total South. | *48,019.807 230,43+012 +7-U 1.027.750,421 1.151,170.8-8 +11*9
Total a ll.............. 1,381.314.440 1,267,262,101
Total all...... 5 499.38 +195 4.472,280.552 +23 0 3J.013.28AA»S 25.111.352.0 + +3!*H
Outside N. York. 554,460,818 496,540,405
Outside S, 7. 2,233.633.40j.l,900,739.841 +17*5 13.108.501,042 10,9=3,292,203 +19 3
10,401,621
867,194.318 299.024,028 + 32-3 Montreal............
00,423.540 6i.blfl.tfL3 +100
Montreal.......
12.804.470
214.031.013
180,52 ',651
0,275 016
29,812.85? + 23'n
T o ro n to ...........
6,248,850
30.900.102
T oron to........
2+701,073
1,240 078
4.997,4*20
29.247.970
4.79+571 +4-3
H alifax..............
1,020.016
H a lifa x .........
1,324,304)
27.858,216
40.153.074
1,209 404
7.391.799
5,531,140 +83 7
W in n ip eg.........
Winnipeg ....
10,354.882 +™ Hamilton........... .
681,051
17.504.730
470,088
3.001,078
2,611.050 +180
H am ilton...
14,104.8 <4 —1 1 St.John...... ....
13,9*9.211
583.577 _561,923
9.69? *»1
2.812.208 - 8 ‘*
S t. John.........
20.331,1901
22,408,411
Tot. Canada 115,371.816 100.170.407 + I5 -2 I 072,68‘.352 520.504.787+27*8
Total Canada.
Chicago........
Cincinnati..
Detroit........
Cleveland ...
M ilwaukee..
Columbus.

’ For table ef clearings by telegraph see p. 56

NNotincluded in totals.

plo sn t.

1890.

1896.
$
+8 6 599,530.290 661.4*67,351
+ 20 4 60,578,117
73,802,855
+851
14,508.045
16,063,108
+193
10,220,175
17,428 051
+-0 0
4,040.521
4,643.487
+5*6
1.799,375
1,830,406
+5 7
1,695,970
1,826,415
+04+
986,101
1,030,252
+5’9
828,458
668,326
-10 0
724,135
704.644
+-8 2
342,300
354,800
+10 2 701.820,159 778,700,21
—0 1
93.076,945 110,807 74ft
-5-0
4.580.300
6,298.900
-0 0
2.951,162
3 210.068
-13 4
1,571,752
1.734,6fl8
+9 3
1,491,018
1,855,794
+27
1,477,425
1,443,280
+03
1,82+864
1,417 228
-26'8
726.375
748,148
+15*0
617,971
+34 9
527,268 ___ 679,874
892.024
- 5 ’0 108,253,083 127,687,077
+18*0
+12-7
--100
- -SI’S
-4-8
+3-1

+3’2
+2'5
+28-6
+22*7
+24 6
+17-5
+92
+12*4
+37*0
+40+
+7*3

91,079,1—
13,705,200
6.089,811
5 924,120
4.630.269
3,150,200
1.839.270
1,300,440
1.300,327
045.461
664,257
289,046
291 829
242,000
193,781
198,356
151,961
153,338

+17*0

130,748,952

148 985,342

+17*7
+4*2
+3 0
+25-2
+18-5
+14*3
+964
+7 3
+570
+94*1
+18+

13,062.530
876,935
1,027,093
971.380
590,718
507,887
033,540
430 070
196,037
__ 70,371
18,873,107

11.949,970
1,160.370
1.930 726
1,048.097
530,900
384,99*
450.000
888.762
112.001
_49,474
17,336,015

+29*7
+20-4
+57*8
+17-3
+30-9
-3 1
+ 212-8
+1+3
+30 5
+5-8
+60
+28-4
+42*7
+234
+38-0

7857,732
7,603,612
3,873 221
4.852,025
1.072,012
720,685
1,007,198
761,125
427,255
264,653
400.815
337,115
08,037
70,198
29,801,398

8 549,093
5.880,241
8,088.011
4.977 000
2,449.308

+ 11*6

18,880,377
6,252,783
5,637,144
1,457,800
1 055.087
1,165.138
2,300.000
1.490.072
1,195,374
869,160
877,730
534,439
325,000
284,049
387,930
208,023
215,744
225,104

+101

+18-9
+ 8*2

+290
+17*2
-5-3
+1-7
-28*3
+12*7
-0 0
+2*7
+30-8
—23*8
+ 2+
+4'1
—6*6
—18 3
+ 10*6

-10*7
+94

99.857,930
13.748,000
0-383,789
5.907.928
5.828,789
3,194.000
3-386.147
2-010 248
1.315,207
840 199
347 932
204,135
260.178
377.709
177 857
108 903
223.725

1 324,000
811,552
435.87*
988,487
474.263
331.644
60,814
56,020
28.718,75*

43,648,160

+9*9 1.032.905,411
+ 11*1 433,3^9,205
+23*1
-

0*6

-17*7
—4*2
-1 8 0
+6*7
+9!

9 941,703
6,897,401
7,005.210
7.157,822
1,200,459
1,119.013
808,645
894,112
778,261
793 979
500,000
Tl),855,128
17.302,327

46

I'HE

C H R O N IC L E .

THE F IN A N C IA L SITUATION.
The week’s events, whether followed by peace or not,
have closed the war with Spain so fur as it has been, or
can prove to be, a serious menace to the indnstrial
interests of the Fixited States. Last Sunday and Mon­
day were the occasion of a marked contrast in public
feeling—heavy depression prevailing the former day
and great elation the latter. The only truly cheerful
people on Sunday were those who had no opportunity
of knowing the official news given out at Washington
that day. Every one had felt Saturday night thor.
oughly satisfied with the marvelous pi-ogress General
Shatter had made towards taking Santiago. Sunday
General Shatter's despondent dispatch was made
public, besides other bits of disquieting news,
which interpreted together were at the time con­
sidered to be suggestive of a serious check
to any ixximediate further forward movement of the
army if not ominous of a retreat. Monday’s news dis­
closed, not that Santiago had been taken, but better
still that Admiral Cervera’s fleet had been totally destroved : that substantially all the officers and men of
the fleet were either dead or had been taken prison­
ers : and that this had been done at a sacrifice of only
one American sailor killed, two wounded and a very
slight injury to one of our ships.
The decisive character of the victory has in general
estimation been developing every day since its occur­
rence. The more its effects have been considered the
more conclusive of the contest with Spain have they
appeared. Most important of all is the obvious fact
that with this disaster Spain’s wonderful career in
the world’s history as a sea power is closed—what
is left of its navy is of little accoxxnt. It is
likewise becoming apparent that discouragement
widely prevails in its army as a result of the
event, while our army now at Santiago lias been
made more confident, and with the reenforcements
which are being hurried forward, is getting into
much stronger condition than it has ever been, so
that anxiety on its account, which was for the mo­
ment felt here on Sunday, is without excuse now.
Moreover, the destruction of Spain’s naval power car­
ries with it the release of our ships from duties at
and near home, except so far as they may be needed
to make the blockade of all Cuban ports effective;
hence we are left free to transfer the theatre of active
warfare to the Spanish coast cities. In the meantime
anxiety about Cuba can be dismissed. We can shut
up Havana and shixt out the opportunity it now has
of obtaining supplies through other ports; having
made those points as secure as possible, and having
taken Santiago, we need risk no more lives in Cuba,
at least until late fall shall make the island habit­
able. Probably a short experience of our navy on the
Spanish coasts and time given for reflection in Cuba
will secure for us peace and possession of the island
without further cost.
With the war thus almost entirely elimixxated as an
active depressing influence on our industries, surprise
has been expressed that a quickened movement and
higher values in our stock market should not have
followed this latest victory.
There are a good
many influences tendixxg to keep that market
quiet. First of all, the summer months are
naturally the waiting period of the year for
reasons we mentioned last week. Then raihoad
earnings are not as favorable as they were and do not

[V ol.

L X VII.

at the moment promise well, because of the reckless
catting of rates now in progress: the reports too are
that the winter-wheat crop will move slowly at present
prices for that cereal. Inasmuch as last year's earn
ings began to increase in July, we shall also soon be­
gin to compare with larger figxires : if the weekly
and monthly reports, for the reasons stated, should
for a time show decreases instead of increases, thiswould xxo doubt be a depressing factor. That con­
dition, it has been urged by some, confronts us. It
is likewise claimed that the business doing on the Ex­
change is small in amount, and therefore dull instead
of active, because “ room traders ” (or members of the
Exchange who in the absence of commission orders
trade on their own accoxxnt) are not doing much, as
the new stamp tax of $2 per hundred shares increases
the hazard of their operations. When we remember
that during dull seasons the business on the Exchange
is very largely confined to the “ room traders,” it is
easy to xxnderstaiid that any material reductioxx ixx
that class of operations might greatly reduce the
volume of business. We do not see why, similarly,
the tax would not also tend to lessen much of the
speculative and fictitious buying which always consti­
tutes a large part of the daily transactions.
But no doubt another and further explanation for
the lack of imnrediate respouse on our Stock Exchange
to the victoi'y of this week is te be found in the unsat­
isfactory state of general business in many depart­
ments, some of the largest of which are in
poor shape. Railroad traffic depends of course to a
great extexit on general industrial prosperity and not
on crops alone. We must look, then, first of all for
new evidences of trade revival as a result of the greatly
improved military conditions. With confidence in­
creasing, enterprise must increase, and soon thereafter
the consumption of all sorts of manufactured
products must also increase. A further very hope­
ful and encouraging feature is the promising sitxxatioix of all our crops. Thoman’s July state­
ment has been issued this week, and we give it in
our breadstuffs report to-day. Although the condi­
tion for winter wheat is stated to be below the .June
figure, it is still 87-3, against 81 •& a year ago; while
spring wheat is given at flo'S, against 91-5 last year.
The corn condition, with a reduction of 2-5 per cent
in acreage, stands at 92-2, against 84-4 last .Jixly, and
oats are reported at 9Go, against 88-8 a year ago. If
these figures approximately represent the situation,
and we believe they do, the outlook on Julv 1 was
for abundant harvests; and if the war as an irritant can
truly be said to be no longer harassing industrial
progress, what stands in the way of progress ?
As stated above, railway earnings for the time be­
ing continue to show lessened gains. For the fourth
week of June our preliminary tabulation makes a
somewhat better exhibit than did the compilations
for the "weeks immediately preceding, and the in­
crease reaches almost 9 per cent against only 4'72 per
cent in the third week, 4’92 per cent in the second
week and 7"76 per cent in the first week. However,
notwithstanding this slightly improved result for the
roads as a whole, several of the separate companies
show losses; and the fact that these losses
come so lai’gely from the grain-carrying lines,
either in the Middle West or in the spring-wheat
sections of the Northwest, makes obvious enough
the main cause of the falling off. The explana­
tion is simply that there is less grain moving, for

J uly 9, 1898.J

THE CHRONICLE.

reasons preyiously given. We noted this fact last
week, and later figures show that the contrac­
tion is still going on. For the week ending July 2
the deliveries of wheat at the Western primary mar­
kets were only 560,320 bushels, against 1,528,976
bushels in the corresponding week of 1897 and
1,942,238 bushels in the same week of 1896. The
corn movement is being well maintained, re­
ceipts standing a 2,505,730, 2,566,017 and 2,009,208
bushels respectively in 1898, 1897 and 1896. But
oats (as also the minor cereals) show losses
the same as wheat. In the week referred to
only 2,076,440 bushels of oats were brought in,
against 3,168,477 bushels in 1897 and 3,023,193 bush­
els in 1896. As the reason for the smaller improvement
in the returns of railway earnings lies thus on the
surface, the matter possesses little significance. More­
over, as the crop situation is so satisfactory, we may
expect the grain movement to become freer again as
soon as the present season’s crop comes forward and
prices recover.
It is gratifying to find that new railroad construc­
tion is proceeding on a somewhat larger scale. Both
the “ Railroad Gazette” and the “ Railway Age” have
published their records for the first six months of the
year, and they agree on this point. The “ Gazette”
gives the aggregate of new track laid as 1,092
miles. The “ Age” makes the total 1,181 miles.
Of course even these figures do not reflect any
very great activity, and it is significant that in
only one State has the amount of new road
added been as much as one hundred miles. The
State referred to is Alabama, where tho building
of the Montgomery extension of the Mobile & Ohio
has raised the total of track added to 140 miles. Ac­
cording to the “ Age,” the 1,181 miles built in
the six months this year compares with only 622
• miles in the first six months of 1897, 788 miles in
1896, 641 miles in 1895, 525 miles in 1894, 1,014 miles
in 1893 and 1,367 miles in 1892. In other words, con­
struction has been at a greater rate than in any year
since 1892. The “Age” expects to see an addition of
3,000 miles for the full twelve months of 1898, result­
ing in an expenditure of 260*000,000, or 220,000,000
more than in any other year since 1893. The “Age”
dilates upon the advantages to accrue from this ex­
penditure of money.
It points out that the
cost of new construction is almost entirely
paid to labor—either directly to the construction
gangs or in the purchase of materials (such as rails,
track supplies and timber), in the price of which
labor is by far the largest element. In addition, when
the railway is built, it remains as a permanent invest­
ment, an addition to the taxable wealth of the com­
munity, and is moreover the most powerful instru­
mentality in the growth and development of the dis­
tricts in which it is located.
Last week’s bank statement showed remarkable in­
creases in loans and in deposits. The former gained
28,384,700, carrying the average to 2620,983,803,
while the latter gained 212,526,800, making the un­
precedented average of 2750,074,600. The increase in
specie was 21,963,300 and in legal tenders 2975,700.
There was a decrease of 2192,700 in surplus reserve,
which now stands at 262,013,550. The deposits were
largely augmented by the placing of Government
money in the City Bank. The Clearing House bal­
ances on Saturday were 217,009,341, the largest on
record, the highest previously reported being 216,028,-

47

000, in 1895. Assistant Secretary Vanderlip of the
Treasury Department stated on July 6 that the sub­
scriptions for the war bonds at that date aggregated
2875,593,000, of which about 251,000,000 were in sub­
scriptions of 2500 or less, 2324,593,930 in amounts
over 2500, and 2500,000,000 in syndicate subscriptions.
These syndicate subscriptions cover two offers to take
the whole loan and one offer to take 2100,000,000 at a
premium of one per cent. The bonds are nominally
quoted in the Mew York market at 102@102|-.
The foreign exchange market has been affected this
week by the inability of all bankers to obtain revenue
stamps required by the new law, and early in the week
it was almost impossible to do business because of this
fact. Some bankers reported that several important
trades were lost, they being unable to comply with the
revenue law. This obstacle to business was removed'
after Wednesday. It is, however, found that the law
will greatly interfere with a class of business which
has heretofore been quite profitable among bankers,
and has also given remunerative employment to the
brokers in exchange. The law requires that brokers
shall pay a license fee of 250 per annum and a stamp
tax of 10 cents on each memorandum of sale. This bears
heavily upon brokers, whose profit is generally small. It
has been the custom of foreign bankers to trade in each
other’s bills. In many cases a single name long bill
would be offered through brokers and, if acceptable*
the banker to whom it was offered would buy it or
sell against it his own short bill endorsing the long
bill, thus making it double name, and forwarding it
for acceptance and discount, making from 1-16 to 1-32
of 1 per cent profit. In other cases long or short
single name bills of one banker would be sold to
another banker through brokers, resulting in a similar
profit. The compulsory addition of a stamp of 4
cents per 2100 will tend to make such negotiations
generally unprofitable and consequently this class of
business will hereafter be greatly curtailed if not
wholly abandoned by some bankers, thus compelling
them to limit their transactions to commercial bills*
the profit in which is large enough to bear the tax.
On Wednesday it was discovered that the National
City Bank was drawing and selling checks or demand
drafts upon its foreign balances or credits, placing
thereon a two cent stamp, being advised by their
counsel that this course was legal under the revenue
law. As these drafts by the City Bank had been is­
sued since the 1st instant the business in exchange
was doubtless more or less affected by such drawings*
The City Bank officials contended that the Internal
Revenue Act made no distinction between domestic
and foreign bank checks payable on demand, and the
bank relied upon the following clause of the Act in
support of its contention: “ Bank check, draft or
certificate of deposit not drawing interest, or order
for the payment of any sum of money drawn upon or
issued by any bank, trust company or any person
or persons, companies or corporations, at sight or on
demand, two cents.” Foreign bankers, however,
claimed that all drafts, checks or other demand orders
drawn in but payable out of the United States
were within the provisions of the Act governing
bills of exchange, and that they were subject to a
stamp tax of four cents per 2100. Some of these
bankers applied to the Commissioner of Internal Rev­
enue for a ruling upon this point, and late on
Wednesday afternoon that official made the following
decision : “ Orders drawn in the United States, payable

4b

THE

C H R O N IC L E .

|V ol LXVII.

n foreign countries, though in the form of chocks, there was only a slight alteration in Continental. The
are subject to a tax of four cents on each $100 or tone was firm on Friday. The following shows daily
fraction thereof, under the fifth paragraph of Section posted rates for exchange by some of the leading
A . ” On Thursday the City Bank conformed to the rul­ draweis.
DAILY POSTED HATES FOR FOREIGN EXCHANGE.
ing of the Commissioner, and drafts hereafter drawn
W wp, Ttf« « .
MON.. T u g s
FRL.
by the bank will be treated as bills of exchange.
Ju ly 1. Ju ly i. Ju ly 5. J u ly 6. Ju ly ?- J u ly 8.
Money on call, representing bankers’ balances, has
85
86
86
85
85
(00 days.
86*
86*
ight....
66H
so*
86*
loaned during the week at If and at 1£ per cent with Brown B ros........ {S
( 00 days.
85*
Biirlnu,
86*
85*
87
P*
Magoun £ Co.. { Sight*,..
87
87
the bulk of the business and the average at about 1j pe
86
85
85
86
Sank B ritish
J 00 days,
85
86*
86*
86*
80*
r*
ent . On Friday loans for small amounts only wore No. A m erica.. { Sight.... 86*
86
85
Bunk of
(60 days.
86
86
85
£
86*
80*
86*
made a: '! per cent, though this was regarded as not M o n tre al. . . . . . 1 Sight.... 86*
86*
85
86
85
85
Canadian B ank (60 days.
85
fairly representing the market. Banks and trust com. of Commerce.. { S ight,... 88*
86*
86*
3
86*
86*
85*
85*
85*
8 5*
eldelbach, IcR- (60 days.
panics generally quote l i per cent as the minimum, Helheim
87
87
87
er & Co {S ight,...
87
S“
86
85
85
(60 days.
85
85
but some of the last-named institutions offer Laaard F reres... {S
86*
86*
86*
ight....
ec*
8 f*
85*
(60
days.
M
erchants’
Bk.
8
5*
gs*
money in liberal amounts at 1£ per cent. Time of C anada...... { Sight.... 87
P*
«7
S* 87
contracts are quoted at 2 per cent for thirty days,
The market closed firm on Friday, with rates for
per cent for sixty days, 3 per cent for ninety actual business 4 844@4 84f for long, 4 85f@4 86 for
days to four months and 34 per cent for longer short and 4 86@4 8Gj for cable transfers ; prime com­
periods, but comparatively little business is re mercial 4 84@4 S4jr and documentary 4 834@4 83£.
ported and there now seems to be no expectation of Cotton for payment, 4 84@4 84.1; cotton for accept­
great activity in time money resulting from the sub­ ance, 4 83£@4 8of, and grain for payment, 4 84@
scriptions to the new loan. The principal banks 4 84i.
which have been designated as depositories have in­
The following statement gives the week's movement
creased their deposits of Government bonds as 01 money to and from the interior by the New York
security, and there is an abundance of money offering banks.
on call, while the demand for it seems likely to be
Received by Shipped by
N et Interior
Week E nding Ju ly 8,1898.
small. There is a good inquiry for choice mercan­
N, Y . Banks. 1V. F . Banks.
Movement.
tile paper and a fair supply. Rates are firmer at 31 @
$5,389,000 $2,283,000 G ain.$3,106,000
nnn
824,000
3£ per cent, for sixty to ninety day endorsed bills re ? o l d ....... ................................................
T o tal gold and leg al te n d e rs. —
$6,213,000 $2.991,0001 Q-aiu.S8.222,000
ceivable, 31 @ 1 per cent for prime and 44@.5J per
With the Sub-Treasury operations the result is as
cent for good four to six months single names.
fellows.
There have been reports of severe political tension
Out of
Into
N et Change in
in Spain, caused by the disastrous defeat of Admiral
Week E nding July 8, 1898.
Banks.
Banks.
B ank Holdings.
Cervera’s fleet at Santiago and a revival of reports of
Hanks’In te rio r m ovem ent, as above $6,213,000 $2^991,000 Gain.$3,222,000
a Ministerial crisis, which may be followed by peace
13,200,000 21,900,000 Loss. 5,700,000
T o tal gold and legal t e n d e r s ..... $22,413,000 $24,891,000 L oss $2,478,000
proposals. The European financial situation remains
without especially new feature. It is reported that
The following table indicates the amount of bullion
Holland is drawing gold heavily from London, that a in the principal European banks thi3 Week and at the
new Persian loan for -£1,500,000 is being underwritten, orresponding date last vear.
and that a large brewing amalgamation loan for £15,Ju ly 8 1897.
Ju ly 7, 1898.
000,000 is being brought out in London. The Bank B ank of
Total.
Gold. | Silver.
Gold.
Silver.
lo ta l.
bf England minimum rate of discount remains un­
A
£
£
1
£
£
£
37,103,052 30,719.752 ............... 30,719,752
. .. .. 37,103,05?
changed at
per cent. The cable reports discounts of FEngland
75,031,617 49.521,667 124,555,281 80,609.698 49.132,08 >129.741,787
rance........
sixty to ninety day bank bills in London at
per Germany .... 26.687.000 13.748.000 40.485.000 23.397.000 14,628,000 43.025.000
111.358.000 •1,413.009 115,771.000 91.645.0001 4,035,000 98.180.000
ttussia- .cent. The open market rate at Paris is I f per cent and A ust.-H ung’y 34.831.000 12.631.000 47.403.000 36.12 LOOOj 12,016,000 •18,804,000
at Berlin and Frankfort it is 3f@ 3f per cent. Accord­ 3pain............ 9.952.000 4.510.000 14.468.000 8,933.000,10,770,000 19.703.000
Italy . . . . . . . . . . 14.911.000 1.933.000 16.843.000 15,243,000 ( 2,157,000 17.400.000
ing to our special cable from London the Bank o# N eth erlan d s. 3.063.000 6.989.000 10.012.000 2,630.000 0.991,000 9.021.000
England lost £ 1,431,555 bullion during the week and Nat.Belgium . 2.855.000 1.427.000 4,282.000 2.651,333' 1,325,*: 07 3.977.000
ToLthis week 315.781,639 95,18 ),667 410.962,336
102314750 405,171,539
held £37,103,052 at the close of the week. Our oor. Tot. prev. w’k 320,780.575 90,519,630 417.250.201 302,850.783
308,037,853 102813747 4C5,ft5'!,00O
respondent further advises us that the loss was due to
shipments of £813,000 net to the interior of Great
THE V IC TO R Y A T SANTIAGO.
Britain and to exports of £619,000, of which £429,000
were to Russia and £190,000 to Holland.
It must be remembered, in drawing conclusions
The foreign exchange market has been extremely from the series of exciting events near Santiago, at
dull, though quite firm, this week. The dulucss was last week's close and at the opening of the present
mainly due to the change in methods of doing busi- week, that the campaign in that part of Cuba had a
ne.-= caused by the operation of the new revenue law, double purpose. It was not alone to capture Cervera’s
explained above. The range for nominal rates for ex­ fleet that the movemont on that city was undertaken ;
change opened on Tuesday at from 4 85 to 4 851 for naturally and necessarily the movement was a part of
sixty-day and from I 86j to 4 87 for sight, and they the campaign for the capture of the Spanish strong­
remained unaltered thereafter. The tone of the mar­ holds in Cuba and the consequent expulsion of the
ket was firm and rates for actual business were un­ Spaniards from the island. At whatever point, there­
changed compared with those at the close of Friday fore, this advance on the Spanish lines had begun,
of last week, except that the difference between the the movement could not end—unless in the case of
bid and. the asking quotations was closer. Rates were the Spanish Government’s surrender—-short of the
4 84G.V i 84 "1 for long, 4 85J@4 86 for short and 4 86 capture of all other points of resistance on Cuban
@ 1 86J for cable transfers. The market continued territory.
firm on the following day and on Thursday, without
Considered from this point of view there lias been
change in rates for actual business for sterling, and a disposition shown in some quarters to give expres-

J uly 9, 1898. j

TMJU

(JJd HO jN IC L E ,

sioh to only a qualified jubilation over the magnificent
conduct of our soldiers at Santiago. It is claimed
that there has been lack of foresight somewhere.
Moreover, it is stated that in the capture of the outer
Spanish defenses the losses of our army were ex­
tremely heavy. The Battle of Fredericksburg in De­
cember 1862, which, like the Battle of Santiago, was
an attack upon a fortified city, has long been remem­
bered for the disastrous lo3se3 to the attacking army.
Yet, in proportion to the total force engaged, the list
of killed and wounded at Fredericksburg was no more
formidable thau the list of last week at Santiago. Gen­
eral Burnside commanded 113,000 men at the assault,
of whom he lo3t something below 11,000. But Gen­
eral Shafter’s losses of 1,800 killed and wounded in
the two days’ battle of Friday and Saturday were suf­
fered by an army, so far as the United States forces
were concerned, of barely 16,000. That is to say”, the
severity of our loss before Santiago was actually
greater than it wa3 in the bloody battle on the Kappahannock thirty-six years ago. But when allowance
is made for the changes introduced during those years
in the destructive character of the projectiles and
guns with which on the present occasion the fortifica­
tions were provided, of the weapons with which the
soldiers were armed and the smokeless powder the
sharpshooters took advantage of, the comparison will
probably be found to be wholly inapplicable. No con­
clusion is clearer than that these changes have made it
impossible for a land force in our day to carry by as­
sault defensive works without much larger proportion
ate loss of life than formerly.
Not unconnected with these heavy losses by our
troops, the obstinacy and bravery of the opposing
Spanish forces have been amply demonstrated. This
was indeed no new discovery, for even on their rid■dled hulks at Cavite the Spanish sailors fought with
acknowledged courage. But Admiral Dewey’s easy
victory, without the loss of a single life, followed in
Guba by the hasty retreat of the Spaniards, both at
Guantanamo and at the Baiquiri landing, had raised
in the popular mind 3ome very erroneous impressions
regarding the prospects at the general attack on San­
tiago. Finally, our army’s serious losses were not re­
warded by tho capture of Santiago. The city was not
•occupied, even after our seizure of the heights com­
manding it. People who heard the depressing rumors
which circulated last Sunday, and who read between
the lines of General Shafter’s first report to the War
Department, will long remember their first impression
on receipt of those advices. That public enthusiasm,
•even after the sudden revulsion of sentiment on the
•news of Monday morning, should have been partly
•dampened by the thought of what a protracted Cuban
campaign would mean under such conditions, is hardly
a matter for surprise.
But, as we said to begin with, the capture of the city
•and the entering of a wedge, 30 to speak, into the Span­
ish defenses wa3 only ono motive—and indeed only a
secondary motive—in the movement against Santiago.
From the opening of the war our Government has
followed consistently the theory of Captain Mahm
and the majority of modern naval critics that the de­
struction of the enemy’s floating armament is our ob
jective point. Such were the explicit instructionssent
to Commodore Dewey at Hong Kong; such was the
purpose of the first movement of Commodore Schley
against Cervera; and such, if the reports of a pro­
jected expedition into Spanish waters have been cor

49

rect, is undoubtedly the design in that direction. The
basis for this theory of warfare is sufficiently obvious.
War between two States whose territory is not adja­
cent must of necessity be waged chiefly by nava
armaments. The fleet is the medium both of offense
and of defense; with the fleet annihilated, therefore, not
only is the victorious Power secure against the possi­
bility of invasion, but it has the enemy’s sea coas 1
largely at its mercy. We believe it to be the judg­
ment of our military and naval experts that the com­
plete destruction of Admiral Oervera’s fleet on Sunday
morning was an achievement far surpassing in
strategic importance even a seizure of Santiago
City by the army. Indeed there is reason to believe
that the selection of Santiago for attack, and the
operations of the army against the city’s defenses,
had as its chief objective point such control of the
fortresses commanding the harbor as would enable
our own artillery corps to turn their guns at short
range on the Spanish fleet. Beyond any question it
was belief in such an outcome, sooner or later, which
prompted Cervera’s desperate effort to escape.
The significance of the destruction of his ships, fol­
lowing the annihilation of the Manila fleet, seems to
us to have hardly yet been realized by our people. It
is doubtless premature to assume, as some critics have
done, the certainty of an immediate appeal for peace
by Spain. Throughout its long series of military dis­
asters, one quality has stood forth prominent in every
similar emergency—the obstinacy with which the
Spanish people and their Government have refused to
confess that they were beaten. This resistance to the
last blocked the plans of the Allies in 1704, as it
blocked those of Napoleon a century later. As against
these precedents, however, it must be remembered that
invasion of Spain itself is no part of our programme,
and that the colonial possessions of the Spanish
nation, in and concerning which alone we have thus
far fought, are now left in a position where neither
supplies nor reinforcements can be expected to reach
them. The seemingly unanimous judgment of Euro­
pean States, since Oervera’s fleet went down, is that
further contest on the part of Spain is hopeless. That
the pro-Spanish newspapers of Paris should lead in such
expression of opinion is significant, and if the market
for Spanish bonds is any longer an accurate barometer
of feeling, the rise of the 4 per cents in Paris on the
very news from Santiago speaks for itself.
But this is not all that the destruction of the Spanish
fleet means to the situation. Onr business interests did,
it is true, recover with extraordinary quickness from the
first shock of the war outbreak. But people are never­
theless quite mistaken who suppose that all the lost
ground has been retraced. Enterprises involving
heavy risk of capital, and with them trade activity in
many quarters, have been arrested or suspended by
even the remote uncertainties of war. The chance of
foreign intervention on the side of Spain, or of an un­
expected move upon our coast and commerce by the
Spanish fleet itself, has been reflected even in the
stock market’s hesitation, and equally reflected, it is
perfectly safe to say, in general industry. If it be
contended that these were extreme improbabilities, it
must be answered that realization of similar improb­
abilities mikes up a good part of military history. So
far as concerns the prospect of a demonstration by the
Spanish navy, it may now be said that the overhang­
ing cloud has been dispelled. So far a3 concerns the
question of foreign intervention, the change in tone

50

THE CHRONICLE.

[V oju LX VII

of our European critics since the destruction of Ccr- tainly, when the occurrences and results of the army
vera’s fleet shows plainly enough the actual present manoeuvres about Santiago are compared with those of
situation. We have never taken the Herman naval the navy at the same point, nobody guided by either
demonstration at Manila as significant of anything sense or humanity will deplore the very obvious shift­
except the disposition of that Government to be pre­ ing of the arena of international conflicts from the
pared for any unexpected reversal of the situation. land to the sea.
No such reversal is now probable, and it will not be
overlooked that this very week Madrid is wasting CAN. A S T A T E FORFEIT L A N D S FOR NONPA YM EN T OF TAXES.
angry and disappointed conjecture over the departure
from Manila Bay of half the German Squadron. In
A question in which every taxpayer in the United
6hort, it seems to us that as the altered situation is States necessarily feels some concern, and which in­
fully realized by our people, the feeling of relief can­ volved an inquiry into the powers of a State over
not fail to find expression in a genuine renewal of private property where there has been a failure to pay
trade activity.
taxes for a specified time, was recently presented for
The more technical conclusions to be drawn from judicial determination in the highest tribunal in the
the last week's incidents at Santiago merely confirm, land. The opinion of the United States Supreme Court
with added emphasis, those which have been already in the case where this issue waj raised and settled serves
taught in the progress of the war. We are satisfied to throw a great deal of light on the principles which
that the gallantry of our soldiers, under a test as se­ control in such circumstances and also to afford
vere as any in a generation, bears out what we have an insight into the views of the Court regarding mat­
hitherto affirmed regarding the American army, regu­ ters of taxation, though the Court, following custom,
lar and volunteer. Between these two branches of the limits the scope of its decision as far as possible. It
army there is little chance to distinguish, whether as avoids declaring its position on the broad general
regards their courage under lire or their effectiveness question raised, and rests its conclusions entirely on
in close fighting.
the facts of the case before it. In other words, in
The navy’s brilliant achievement of last Sunday was defining its general position, it goes only so far as
remarkable for exactly the reason which gave note to necessary to determine the issues presented in this
Commodore Dewey's victory. As Captain Sigsbee instance, leaving other matters for consideration and
has pointed out in a recent interview, our navy’s ef­ adjudication in the future as they may arise.
The case was that of King vs. Mullins et al. King
fectiveness has been primarily derived from thorough
training. The wonderful markmanship of our gun­ brought an action of ejectment to recover that part
ners and the wild firing of their opponents have been lying in the State of West Virginia of a tract of
no result of accident. A powerful ship means much; 500,000 acres of land patented by the Common­
a competent commander sometimes means even more. wealth of Virginia in 1795 to Robert Morris, assignee
But, as the Spanish navy itself has shown, neither of Wilson Cary Nicholas. At the trial in the Circuit
tonnage, nor armor, nor armament, nor commander, Court the original patent to Morris was produced,
will save the 3hip which has not brought its gunners, showing that the lauds therein described had been
through constant and tireless practice, to the high­ granted without conditions. There was also evidence
est stage of efficiency. The criticism has been to prove successive conveyances since then, the plain­
somewhat common that no new principles have tiff, King, claiming title through a deed from John V.
yet been established by this year's naval war. Le Moyne. The defense was that prior to the date
It is true that the principle of marksmanship as an of the deed from Le Moyne the lands embraced
element in military success is by no means new ; but in the patent had been forfeited to the State
we cannot help thinking that this important principle for non-payment of taxes. It appears that one
has been obscured of recent years by the clamor for of the articles of the West Virginia Constitution
more war-ships and heavier war-ships. The accounts makes it the duty of every 'owner of land to
of Sunday’s engagement certainly suggest that have it entered upon the land books of the county
Cervera's fleet would as surely have been destroyed if in which it is situated, and to cause himself to be
the opposing fleet had been heavily reduced in num­ charged with the taxes on it, and to pay the same.
bers. No better proof could be desired than the The instrument also provides that when for any five
achievements in that battle of the armored yacht successive years the owner of any tract of land con­
Gloucester, formerly owned by Mr. J. Pierpont taining one thousand acres or more shall not have been
Morgan.
charged on the land books with the State tax on his
by operation hereof " the land shall be
If, as seems not at all improbable, the general lesson land, then
of this war will be that decisive battles are hereafter forfeited and the title thereto vest in the State.
for the most part to be fought on shipboard, the re­
It was the contention of King, the plaintiff, that
sult will to that extent be a matter for congru/ illation. that part of this Constitutional provision which for­
A modern naval armament is a matter of enormous feits and vests absolutely in the State (•'without in­
c o st; yet its expense is trifling when compared with a quisition of record or some public transaction equiva­
Continental standing army. Even in terms of money lent to office found”) title to lands not charged with,
outlay, the German army has cost its Government the State taxes is repugnant to the clause of the
nearly five times as much per year as its navy, and the 14th Amendment of the Constitution of the United
annual naval outlay almost equals that of the United States declaring that no State shall deprive any person
States. But the difference in money outlay is a small of his property without due process of law. King
part of the problem. The withdrawal of half a mil­ claimed, too, that if there was a forfeiture of the land
lion citizens from industrious pursuits iti time of peace, to the State, such title could not be set up against
the wholesale destruction of life and property in time him, he being a purchaser for value, without knowl­
of war, are incidents of modern government which edge of such forfeiture or of such outstanding title.
nearest approximate the principles of barbarism. Cer­ He cited various authorities in support of his conten-

JTTJLY 9, 1898.]

THE CHRONICLE.

51

tion. In Griffin vs. Mixon the High Court of Errors in any form, to take to itself the absolute title to lands
and Appeals of Mississippi, in 1860, held a statute of of the citizen because of his failure to put them on
that State declaring the forfeiture of lands on the record for taxation, or to pay the taxes thereon, might
failure simply of the owner to pay the taxes Due greatly disturb the land titles of two States under a
thereon, without notice or hearing in any form, to be system which has long been upheld and enforced by
in violation of the Constitutional provisions prohibit­ their respective legislatures and courts. Under these
ing the taking of private property for public use circumstances he said it was his opinion and that of
without just compensation being first made therefor, his associates that it was the duty of the Court not to
or the deprivation of property without due process of go beyond what was necessary to the decision of the
law. In another case—that of Marshall vs. McDaniel particular case before the Court. If the rights of the
—the Court of Appeals of Kentucky, in 1876, held parties in the present case could be fully determined
unconstitutional a provision in a statute of that State without passing upon the general question whether
declaring “ that in all cases where any lands shall the clause of the West Virginia Constitution alone
hereafter be forfeited for failing to list for taxation, considered was consistent with the National Constitu­
dr stricken off to the State, the title of such lands tion, that question might properly, the Court thought,
shall vest in this Commonwealth by virtue of this Act be left lor examination until it arises in some cases in
without any inquest of office found, unless said lands which it must be decided.
shall have been redeemed according to law.”
Acting on that idea the Court proceeds to inquire
In this last mentioned case the right of the State to whether, looking at the Constitution and the statutes
seize and sell property in satisfaction of taxes was de­ of West Virginia together, a remedy was not provided
clared to be beyond question. But it was held that which, if pursued, furnished to the plaintiff and those
when laws are enacted for this purpose the forfeitures under whom he asserted title, all the opportunity that
prescribed must be regarded as penalties; and they due “ process of law ” required in order to vindicate
cannot be inflicted until inquiry has first been made any rights that he or they had in respect to the lands
and the commission of the offense ascertained by due in question. If, in addition to the provisions con­
course of law. On the other hand, the decisions of the tained in the Constitution, says Justice Harlan, that
courts in Virginia, of which State West Virginia instrument had itself provided for the sale of forfeited
originally formed part and from which the patent of lands for the benefit of the school fund, but reserved
land was obtained, have all been to the opposite effect. the right to the owner, before sale, and within a rea­
Thus in passing on the question in 1853, the Supreme sonable period, to pay the taxes and charges due
Court of Appeals of Virginia said it was well estab­ thereon, and thereby relieve his land from forfeiture,
lished that in order to consummate and per­ the Court does not think such a system would be held
fect a forfeiture no judgment or decree, or inconsistent with due process of law. This being
-other matter of record, nor any inquest of true, it naturally follows that if the statutes of the
office, was necessary, but that the statutes State, in connection with the Constitution, gave the
themselves, of their own force and by their own taxpayer reasonable opportunity to protect his lands
energy, work out their own purpose, and operate ef­ against a forfeiture arising from his failure to place
fectually to divest the title out of the defaulting them upon the land books, there is no ground for him
owner, and perfectly to vest it in the Common­ to complain that his property has been taken without
wealth, without the machinery of any proceeding of due process of law.
Examining the provisions of the statutes, Justice
record, or anything in the nature of an in­
quest of office. The Supreme Court of West Vir­ Harlan finds that there are abundant safeguards of
ginia has also repeatedly given expression to the this kind for the protection of the delinquent land­
same views. In McClure vs. Maitland the Court after holder. For instance, the statutes provide (1) that
setting out the conditions which made necessary the all lands forfeited to the State shall be sold for the
enactment of the laws of Virginia back in 1831, for­ benefit of the school fund; (2) that the sale shall be
feiting lands for non-payment of taxes, said that the sought by petition filed by the Commissioner of School
purpose in enforcing forfeiture was not merely to Lands in the proper Circuit Court, to which pro­
create a lien for the taxes on the delinquent and un­ ceeding all claimants shall be made parties, and
occupied lands, “ but to effect, by their own force and be brought in by personal service of summons upon
vigor, an absolute fo'feiture of them, and effectually all found in the county, or by publication as
vest the title thereto in the State without the ma­ to those who cannot be found; (3) that the
chinery of any proceeding of record, or anything in the petition shall be referred to a Commissioner in Chan­
nature of an inquest of office. Such was intended to cery, who shall report upon the same and upon such
other things as the Court may direct, and particularly
be, and such was in fact, the effect of these statutes.”
Justice Harlan (who read the opinion of the U. S. as to the amount of taxes due and unpaid upon any
Supreme Court), after reviewing the cases cited above lands mentioned in the petition, in whose name and
and various others, said the question of constitutional when and how forfeited; (4) that at any time during
law presented was one of unusual gravity. On the one the pendency of the proceedings instituted for the
hand it was not to be forgotten that the clause of the sale of forfeited lands for the benefit of the school
Federal Constitution which the Court was asked to in fund, the owner, or any creditor of the owner having
terpret is part of the supreme law of the land and that a lien thereon, may file his petition in the Circuit
it must be given full force and effect throughout the Court of the county for the redemption of his lands,
entire Union—that is, the due process of law enjoined upon the payment into court or to the Commissioner
by the 14th Amendment must mean the same thing of school lands of all costs, taxes and interest due
in all the States. On the other hand the fact could thereon, and obtain a decree or order declaring the
not be ignored that a decision declaring that that lands redeemed, etc.
The Court points out that much of the argument on
Amendment forbids a State, by force alone of its con­
stitution or statutes, and without inquisition or inquiry behalf of the plaintiff proceeds upon the erroneous

52

THE CHRONICLE..

theory that all principles involved in duo process of
law, as applied to proceedings strictly judicial in their
nature, apply equally to proceedings for the collection
of public revenue by taxation. As a matter of fact
very summary remedies may be used in the collection
of taxes that could not be applied in cases of a judicial
character. In Bell’s Gap HE, Co. vs. Pennsylvania it
was said that " the process of taxation does not
require the same kind of notice as is required in a
suit at large or even in proceedings for taking private
property under the power of eminent domain. It
involves no violation of due process of law when it is
executed according to customary forms and established
usages, or in subordination to the principles which
underlie them.” In this view the statutes of West Vir­
ginia in force after 1882, Justice Harlan thinks, seem
fully to meet the requirements, for under them, as al­
ready noted, the owner of the forfeited lands had the
right to become a party to a judicial proceeding, of
which he was entitled to notice, and in which the Court
had authority to relieve him, upon terms that were rea­
sonable, from the forfeiture of his lands. The Court
accordingly affirms the judgment of the Circuit Court
against the plaintiff.
Another point made on behalf of King was that the
provision of the Constitution of West Virginia ex­
empting tracts of lessjhan 1,C00 acres from forfeiture
was a discrimination against the ownei's of tracts con­
taining 1,000 acres or more, which amounted to a denial
to citizens or land owners of the latter class of the equal
protection of the laws. The Court does not concur in
this view. It says tlxe evil intended to be remedied
by the Constitution and laws of West Virginia was the
persistent failure of those who owned or claimed to own
large tracts of lands, patented in the last century, or
early in the present century, to put them on the land
books,so that the extent and boundaries of such tracts
might be ascertained by the officers charged with the
duty of assessing and collecting taxes. Where the
tract was a small one the probability was that it was
actually occupied by some one, and its extent or
boundary could be readily ascertained for purposes of
assessment and taxation. “ We can well understand,”
Justice Harlan observes, " why one policy could be
properly adopted £ts to large tracts, which the necessi­
ties of the public revenue did not require to be pre­
scribed as to small tracts.” The judiciary, he de­
clares, should be very reluctant to interfere with the
taxing systems of a State and should never do so un­
less that which the State attempts to do is in palpable
violation of the Constitutional rights of the owners of
property. Under this view of its duty the Court, he
says, is unwilling to hold that the provision referred
to is repugnant to the clause of the 14th Amendment
forbidding a denial of the equal protection of the laws.
GOVERNM ENT FIN ANCES FOR THE FISCAL
YEAR.
An analysis of the Government debt and revenue
statements for the fiscal year ending June 30 1898, so
as to reach correct conclusions, is attended by more
than the ordinary difficulties. On the one hand the
receipts have been affected by a number of extraneous
and exceptional items and circumstances. On the other
hand the expenses have in like manner been affected
by a variety of special events and conditions. Conse­
quently, if we would compare with previous years or
judge of the revenue-producing capacity of our tariff

[VOL LXVII.

and revenue laws, we must allow for these disturbing
factors or seek to eliminate them.
It is hardly necessary to sav that the late years’ re­
ceipts afford no criterion of the prospective yield either
of our Customs or our revenue laws as these laws now
stand. The internal revenue taxes have just been greatly
extend d, new articles and subjects for taxation hav­
ing been added, some not embraced in the list since
the Civil War, anil others never previously included.
At first sight it may seem as if these added tax pro­
visions could have played no part in affecting the
'ate year's revenue results. But while it is true that
most of the provisions of the War Revenue bill did
not become operative until July 1 1898, certain
clauses and sections went into effect the day succeed­
ing the passage of the Act, on June 13. This is true
of the taxes on beer, ale, portei’, etc., and also the
taxes oxx tobacco, cigars, cigarettes and snuff.
With reference to the Customs receipts, too, thenew law has in some small measure come in to affect
the late year’s results. There is in the law only one
Customs impost, namely the duty of ten cents a
pound on tea, but that, as it happens, went into im­
mediate effect, and hence has counted as a new item
of Customs revenue since June 14. This, however, is
merely a nxinor circumstance alongside of the other
and more seriously disturbing conditions that have
marked the course of the Customs receipts during the
ybar. As will be remembered, an entirely new tariff
law was enacted in July of last year. This tariff Act
raised duties all around very materially, and was hence
expected to produce a greatly increased volume of
Customs revenue. The expectation has been disap­
pointed, the actual receipts from that source having
been the smallest, with one exception, of any of the
past nineteen yeai’s. The reason is known to all oixr
readers. The public bad knowledge of the proposed
increase in duties, and accordingly there were enor­
mous importations in advance to get the benefit of the
old and lower duties. As a consequeixce, for a con­
siderable time after the new law was in force the im­
ports were very small; consumers’ wants had been so
largely anticipated.
As bearing upon this point, it is only necessary to
say that the new Congress was convened in extraordi­
nary session in March of last year, and that for the
period from March to June, inclusive (the closing
four months of the previous fiscal year), the Customs
revenue averaged close to 214 million dollars a month.
The movement extended in a measure into the late
fiscal year, and hence the Customs receipts in July
1897 were still large, falling not far short of 17 million
dollars; but the very next month (August) there was a
drop to $6,988,Otip While the amounts improved
after that, in no month prior to December did the
total again reach ten million dollars. In the second
half of the fiscal year—from January to June 1898—
it was hoped there would be a great change for the
better. Customs revenue did improve materially, the
monthly totals running from 134 to 154 million dollars,
but there was no chance of testing the full product­
iveness of the new duties. Talk of war and finally
war itself intervened to check business activity and
keep the volume of imports down. We would refer
those who wish to study the monthly deviations more
closely to our detailed statement on page 58, where
in a new arid improved form we furnish a complete
record by months of both the receipts and expendi­
tures.

. J u l y 9, 1898. J

THE CHRONICLE.

53

The miscellaneous receipts, as it happens, were also 306. But, as already pointed out, this includes $64,subject to marked fluctuations by reason of the in­ 751,223 gross and $60,201,855 net received by the
clusion of special items of receipts. During Kovem- Government on account of its claims against the
ber, December and January, the Treasury received no Union Pacific and Kansas Pacific. With these
less than $58,448,323 75 from the purchasers of the amounts eliminated, the result is a deficit in amount
Union Pacific in payment of the Government’s claim of over ninety-nine million dollars—$99,066,161.
on that property. The whole of this was added to the While there has been a deficit of some kind in
miscellaneous receipts. At the same time the dis­ all recent yetfrs, this is far in excess, of
bursements during November were on like account course, of the heaviest amount previously reached.
swelled $4,549,368, this being that part of In 1896-7 the deficit was only $18,623,107. The
the $58,448,223 75 which was represented by cash in los3 in receipts as compared with that year has
the sinking funds and had previously been credited, been not quite 7 i million dollars, but on the other
and which was now incorporated as a disbursement to hand expenditures increased no less than 73 million
make the accounts balance. The Government, in dollars. There has been a distinct tendency upward
addition, received during March and April $6,303,000 in nearly all the items of expenditures, but the bulk
in payment of its lien on the Kansas Pacific. Alto­ of this 73 million dollars augmentation is accounted
gether, therefore, it received $64,751,223 75 gross for by the army and navy outlays, which aggregated
in this way, and allowing for the $1,549,368 $150,806,564 in 1897-8, against only $83,503,930 in
of moneys in the sinking funds already counted 1896-7, an addition of 67£ million dollars. We may
in the Treasury cash, it received $60,201,855 say, therefore, that except for this increase in the war
net. Out of the amount, however, it had to pay expenditures, the deficiency for the twelve months
$29,904,952 in redemption of the currency 6s matur­ would have been less than 32 million dollars, instead
ing January 1 1898, being a portion of the subsidy of 99 million dollars. Here i3 a comparison of the
bonds issued by the United States in aid of the Pac­ receipts and expenditures for each year back to 1879 :
ific Railroads. It is only proper to say that the lat­ GOVERNMENT RECEIPTS AND DISBURSEMENTS, 1878-9 TO 189 7 -8 .
ter item doe3 not come in to alfect the Treasury ac
Receipts fro m ending
counts of revenue and disbursements, since it has FiscalJ Years
In tern al
un e 30—
Customs.
Miscellaneous
Total.
R evenue.
not been entered as a disbursement. It is, however,
*
*
*
§
an item to be taken into consideration in the analysis 1879............................... L37.250 048 113,561,010 23,015,520 273,827,184
1880..............................
124,009,674
186,522,065
22,995,172
333.526,011
of the Treasury cash and debt statements when we
1881 ......... .................. 198.159,676
135,264,386
27,358,231
300,782,293
come to them. In this last particular, too, there is 1882............................... 220,410,730 140,497,595 36,016,925 403,525,250
..........................
214,706,497
144.720.30-J
38,800,716
398,287,582
still another item that must not be overlooked. We 1883
1884...............................
195.067,490
121,586,072
31,866,308
348,' 19,870
1835................................
181,471,939
112,49S,720
29,720.041
323,690,700
refer to the fact that the Treasury has received very
1SS6 ..............................
192,905,023
110.805,937
20,72S,767
336,439.727
large sums of money in payment for subscriptions to 1887 ............................. 217,286,893 118,823,391 35,292,933 371,403,277
1888
......................... 219,091,174
124,296,872
35,878,029
379,266,075
the $200,000,000 new 3 per cent bonds.
1889 .............................. 223.832.742
130,881,514
82,315.803
3S7,050,059
The receipts on account of the new bonds up to 1890.............................. 229.668,584 142,066,706 30,805,692 406,080,982
........................ . 219.522,205
145,0-6,219
27,403,993
392,612,447
June 30 have been estimated as high as $40,000,000. 1891
177,452,964
1892 ..............................
153,971.073
23 513,747
354,937,784
101.027,024
1893 .............................. 2f 3,355,017
21,436,983
385,819,029
But obviously the whole amount had not then been 1894..............................
131.818.530
147,111,233
13,792.256
29‘ ,722,019
credited, if received. A rough and very imperfect 1-95.............................. 152.158.617 143.42L.0' 2 17.809,780 313,390,075
160,021.752
140,762,865
20.191,583 - 320.9'6,200
1896........................... .
method of measuring the cash received from that source 1847..............................
176,310.3:3
140 241,261
24 627(72
347.184.729
is to compare the changes in the Treasury debt state­ 1898................................ 149,819,594 109,943,040 19,997,224 339,759,858
Expenditures.
ment with the figures of receipts and disbursements for Fiscal
E xcess o f
Years
the same month, and note the difference. For instance, ending
Receipts.
Total.
Ordinary . on Bonds Pensions. Interest.
we find from the record of receipts and expenditures J un e 30.
Purchased
that revenues for June fell $14,342,968 short of meet
%
$
$
$
*
$
35,121,482 105,327.919 260.947,S84
6,879,300
1879..........
126,498,453
i ng the outgoes. On the other hand, if we take the 1H80...........
2,795,320 50,777,174 95,757,575 207,642,958
05,883,053
112.812,889
50,059,280 82,508,741 260,712,888 100.009,405
net debt less cash in the Treasury, we get an improve­ 1881........... 127,083.618 1,061,249 01,345.194
71,077,207 257,981,440 145,543.810
18S2........... 125,559,039
ment—that is, a reduction in the net debt—between 18S3............
60,012,574 59,100,131 265,408,138 132,879,444
1884........... 134,118,038
5 5 ,4 '9 ,2 2 8 54,578,378 244,126,244 104,393,626
June 1 and July 1 of $10,688,268. Adding this $10, 1885.......... 152,738.412
50,102,207 51,380,256 ■260,226.935
03,463,771
93,950,589
63,401,804 5 0 ,5 8 0 ,14h 242,483,138
688,268 to the $14,342,968, we have$25,031,236 repre­ 1880...........
47,741,577
267,932,180
103,471.097
75,029,102
•887........... 145.101,501
senting cash derived from some outside source—pre' 1888........... 134,050,443 8,270.642 80,288,509 44,715,007 267,924,801 + 111,341,274
1889..........
153,370.352 17.292.309 87,024,779 41,001,484 299,288.978 +87,701,081
sumably the bond sales.
1890............ 154 700,347 20,304.224 100,936.855 30,099,284 318,040.710 +-5,040,272
Lastly, the great increase in the expenditures for 1891............ 193.409,59- 10,40 L.221 121,415,951 37.547,135 305.773.9i 5 +26,838,542
9,914.454
134,533,053 23,378,116 345,023,330
1892...........
the army and navy on account of the war has been 1893........... 190,850,004 ........ ^ . 159,357,558 27,264,392 383.477,954 2,341,675
141.177,285 27.S41,106 3 0 7 / 25,2*0 df.09,«O3201
a prominent factor in the fiscal results of the 189’ .......... 183,822,039
141,395,229 30,978.010 356,195,29- (If. 42,305223
139,434,001 35,:-85.0.>P J52,179.446 d f.2 5 .203246
year. The importance of this feature can be judged 1896.......... 177,360 41*
J 41,053.0^3 3 7 .'8 W,0^7 3C5>07,836 (If. 1*,023107
1897............ 180,960.12'
from the figures for the month of June. We have 1898............
147,450,940 37,585,056 438,826,018 df.99,C0616O
253,790,022
already stated that disbursements exceeded receipts in t• Al ullo
c i u u u i g w a r a u u u a v ) 1.
.
.
w in g t o r cUu u r m m u m s oa?<3. t h e a c t ia! p x n e 's M H - 8 is $119,012,116;
that month in the sum of $14,342,968. But the ex­ in 1889, $105,053,444; In 1890. *105,341,496 a n il in 189L. $37,239,763.
It should be observed that the pension outlays have
penditures for the army and navy in June 1898 were
$29,229,825, • against only 6,449,939 in June 1897. again increased, and at $147,450,940 are the largest,
Had therefore the expenditures in this way been no with one exception, ever reached. A gratifying fea­
larger this year than last—that is, $22,779,886 less— ture is tho steady growth in the internal revenue re­
tho final result would have shown a surplus of turns, the total of which for 1897-8 was by far the
best for all the years included in the table. It should
$8,436,918, instead of the deficit of $14,342,968.
According to the Government’s method of stating be noted, too, that this is the record on the basis of
the accounts, receipts for the twelve months ending the old taxes. With the further additions to the
June 30 1898 were $404,511,081, while the expendi­ taxable list now made, the promise is for a really
tures were $443,375,387, leaving a deficit of $38,864,- striking total in the current fiscal year. The falling

54

THE CHRONICLE,

off disclosed in the miscellaneous receipts in the late
year (after eliminating the Pacific lilt, receipts) is in
part explained by the fact of a smaller profit from
seignorage, the Government having coined only
10,002,780 silver dollars against 21,203,711 the pre­
vious year.
In the gross total of the bonded debt there
was no material change during the twelve months,
the new bonds not having been issued as yet,
though the Treasury has received, as stated above, a
substantial amount of eash on account of the same.
The debt aggregated 1817,367,470 June 30 1898,
against $847,863,130 June 80 1897. The net debt
less cash in the Treasury figures out $1,027,085,492
now, against 8986,656,086 June 30 1897, an increase,
roughly, of 404 million dollars. The deficiency of re­
ceipts for the twelve months, we have seen,
was 99 million dollars.
To reconcile the
two results it is only necessary to bear
in mind that the Government received $60,201,885 cash from the Uniou Pacific sale and that even
after paying out 829,904,952 for maturing enrrency
sixes this still left $30,296,933 of cash; furthermore
that the bond subscriptions have contributed
25 million dollars to the Treasury cash. Adding
these two amounts ($25,000,000 plus $30,296,933)
to the 40J millions, we get a total of about
96 million dollars, which thus does not differ
greatly from the 99 millions deficiency shown
by the other method. As to the Treasury gold reserve,
we need hardly say that this was large throughout the
twelve months and at no time gave cause for anxiety.
The amount May 5 was $18L,240,389, but on July 1
it was down to $167,004,410, having been diminished
by the heavy war payments ; a year ago the net hold­
ings were $140,790,738.

|V o l . L X V II.

•

ing fund and from land sales. During the past two
years all the divisional bonds and a considerable block
of the general first mortgage 6s have been paid by land
sales and sinking fund. But in addition to this the vol
untury exchanges have been extremely heavy, so that
the amount of bonds underlying the new Prior Lien
bonds has been reduced from 44 millions to about
$9,200,000. The amount allowed in the voluntary
exchange was reduced from $1,350 in Prior Lien
bonds to $1,300 and finally to $1,225. With the
prospects so bright for a good demand for land in the
Northwest, there is little reason to question that the
old general first mortgage 6 per cent loan will con­
stantly dwindle in amount and within a few years will
disappear entirely from the list. When this last occurs
the Prior Lien bonds will be an absolutely first lien on
the entire property. At present the option extended
to holders of the general first 6s to exchange their
bonds for Prior Lien bonds after having been made
much less favorable than at first has been entirely
withdrawn.
The facts regarding the Northern Pacific refunding
are summarized in the following table.
OF NORTHERN PACIFIC BONDS BEGUN MARCH 1 8 9 6 .
Bonds
O u ts ta n d in g
A m o u n t O u ts ta n d 'g
W hen d u e . M a r c h ,1896.
R e tir e d . J u n e 3 0 ,’9 8 .
G e n e r a l 1 s t M . 6s .. M a n . 1, 19V1 $ 4 1 ,8 7 9 ,0 9 0 $ 3 2 ,6 8 0 ,0 0 0 $ 9 ,1 9 9 ,0 0 0
P e n ile O r o D iv . 1 s t 6s M a y 1, 1 9 1 9 / ^ 170 500
o 177 to o
N one.
M issouri D iv . 1 s t 6s .S e p t . l , 1919 s
A17Z.SOO

REFUNDING

T o t a l...................................................... $ 4 4 ,0 5 1 ,5 0 0 $ 3 4 ,8 5 2 ,5 0 0 $ 9 ,1 9 9 ,0 0 0
* B u t s u b ja o t to eaU f o r s lu ic in g f u n d a n d f o r p a y m e n t w ith la n d
s a le s a t 1 1 0 a n d I n te r e s t.
B a s is o f E x c h a n g e .
A m o u n t o f n ' w P r io r Lle.n 4 j e r c e n t b o n d s o ffe re d in e x c h a n g e
f o r $ 1 ,0 0 0 o f g e n . fir s t 6s in M arch , 1 8 9 6 .......................................... $ 1 ,3 5 0
Do
do
do
in 1 8 9 7 ........................................... 1 ,3 0 0
Do
do
do In M a rc h , 1 8 9 8 ............................................ 1,2 2 5

The result here shown is remarkable, the land sales
and the voluntary exchanges' having effected a reduc­
tion of nearly 35 millions in the amount of the 6 per
cent bonds. The interest charge has thus been
decreased about $274,000. This refunding indeed
grew out of, and was a part of, the reorganization
scheme, but as the acceptance of the terms offered
was entirely optional with the security holders, whose
bonds if not exchanged would have ran till they ma­
tured or were called, we think the case properly de­
serves mention.
The Lake Shore began its refunding in March
1897, and while the operation has hot been carried as
far towards completion as in the case of the Northern
Pacific, the saving effected in the interest charge has
been much larger. The 43 millions of old 7 per cents
have been reduced to about 19£ millions, and the
annual interest requirement has been lessened by
nearly $700,000, or about 1 1 per cent on the stock.
The extent of the operation is shown as follows.

P R O G R E S S OF R A I L R O A D R E F U N D IN G .
In the Chronicle of March 13 1897 we presented
an elaborate table showing the great saving in interest
charges which would be possible for the railroads of
the country within a few years through the refunding
of their high-interest-rate bonds into new bonds bear­
ing the now prevailing low rates. Even then two com­
panies (the Northern Pacific and Lake Shore) had
begun the refunding operation, and three others have
since followed their example, namely, the New York
Central, the Rock Island and the North West. The
question arises, how far this refunding process has
been carried aud with what effect on the finances of
each company.
The Northern Pacific was the first of the large com­ REFUNDING OF LIK E SHORE BONDS BEGUN IN MARCH 48 9 7 . (V. 6 4 ,
p . 611.)
panies to attempt the voluntary exchange of old first
O u ls ta n d ’g A m o u n t ' O u ts ta n d ’g
mortgage bonds having yet a considerable period to
B onds,
J a n . 1 . ’9 7 , E x c h a n g e d . J u l y l , ’98 .
L oans—
W hen D u e
$
run for new bonds in amounts to make the exchange Buff. & E r ie 1 s t M. 7 s .. A p ril 1, 1 8 9 8 2 ,7 0 5$,0 0 0 2 ,7 0 5$ ,0 0 0 N one.
L , S h o re d iv . b o n d 7 a .. A p r i l 1 ,1 8 9 9 1 ,3 5 5 ,0 0 0
3 1 4 ,0 0 0 1 ,0 4 1 ,0 0 0
attractive and advantageous to the holders. The gen­ C onsol. 1 s t M. 7 b . . . J u l y 1 .1 0 0 0 1 4 ,4 4 0 ,0 0 0 4 ,9 1 1 ,0 0 0 9 ,5 2 9 ,0 0 0
C onsol. 2d M. 7 s ........Deo. 1, 1903 2 4 ,6 9 2 ,0 0 0 1 5 ,7 0 6 ,0 0 0 8 ,9 8 6 ,0 0 0
eral first mortgage Gsat the time of the reorganization, Now
R e lu iid ’g M 3 >38.J u iie 1 ,1 9 9 7
N one.
.............. 2 7 ,4 1 2 ,0 0 0
in March 1896, were outstanding toa total of $41,879,T o ta l......................................................... 4 3 ,1 9 2 ,0 0 0 2 3 ,6 3 6 ,0 0 0 4 6 ,9 6 8 ,0 0 0
000, and in addition there w re still unpaid $2,172,500 A n n u a l I n t e r e s t c h a r g e o n b o n d n o u ts ta n d in g J a n . 1, 1 » 9 7 . .$3 ,0 2 3 ,4 4 0
Do
do
do
do
do
J u n e , 1 8 9 8 ... 2 ,3 2 8 ,e 4 0
of old first mortgage 6 per cent divisional bonds, in
A n n u a l s a v in g to o o m p a u y (e q u a l t o 1-4 p . c. o n s to c k ) .
6 9 5 ,1 0 0
all $44,051,500. Not only did these old loans bear a
B a s is o] E x c h a n g e .
high rate of interest (6 per cent), but their very ex­ O ld b o n d s re c e iv e d a t th e p ric e a t w h ic h t h e y w o u ld y ie ld 3 ig p e r
(sent If h e ld till m a t u r i t y e x c h a n g e d f o r :
istence to such a large aggregate detracted greatly N ew 3 ‘a p e r o e n t b o n d s In M a rc h , 1 8 9 7 , a t p rio e o f.............................102b>
from the prospective value of the new Prior Lien and * A s r e p o r te d b y N e w Y o rk S to c k E x c h a n g e .
General Lien bonds then about to be issued. It was
The refunding by the Lake Shore Company has pro­
consequently decided, as our readers will remember, to gressed quietly, about five millions of the refunding
offer $1,350 in the Prior Lien bonds in exchange for bonds having been issued since the first of the year.
the General first 6s, which though not due till 1921 The old bonds were exchanged, at a price at which
were subject to call for payment at 110 for the sing­ ’ they would yield 34 per cent if held to maturity,

THE CHRONICLE.

J uly 9, 1896.

for the new 34s at 1024. This basis has not been
changed, but the option is no longer operative.
The refunding by the Rock Island, which began last
January, has been carried on more advantageously in
one respect than in the case of the other companies,
owing to the fact that over three-fourths of the exist­
ing debt was immediately subject to call at 105. The
old bonds on .Tan. 1 1898 aggregated over 62 millions,
but have now been reduced to about 19 millions, and
within a year and a-half will not exceed the amount of
the old first 6s of 1877, of which $12,100,000 are at
present outstanding. The changes in the debt appear
in the following.
REFUNDING OF ROCK

ISLAND BONDS BEGUN IN JANUARY 1898.
—V. 6 6 , p . 23 5 .
B o n d s , O u ts ta n d in g A m o u n t
O u ts ta n d in g
w h en d u e J a n ., 18 9 8 .
r e tire d .
J u n e 1898.
1 s t M .e x t.A c o ll. 5 s.* A p r. 3 0 , *98 $ 4 0 ,7 1 2 ,0 0 0 $ 4 0 ,7 1 2 0 0 0
t N one
D e b e n tu r e 5 s ........... *Sept. 1. *98
4 ,5 0 0 ,0 0 0
2 ,5 5 0 .0 u 0 $ 1 ,9 5 0 ,0 0 0
1 s t m o rt. 6 s o f 18 7 7 . J u l y 1, »17 1 2 .1 0 0 ,0 0 0
N o n e . 1 2 ,1 0 0 ,000
C hic. & 8. W . 1 s t 7 s ..N o v ., 1 8 9 9
5 .0 0 0 .0 0 0
N o n e.
5 ,0 0 0 ,0 0 0
N ew C .R .I.& P .g e n .4 s .J ttn ., 1 ,’8S
N o n e ........................... :4 5 ,4 2 5 ,1 0 0
T o t a l................................................. $ 6 2 ,3 1 2 ,0 0 0 $ 4 3 ,2 6 2 ,0 0 0 $ 6 4 ,4 7 5 ,1 0 0

55

B a sis o f E x change—
O ld b o n d s ta k e n a t a p ric e to y ie ld 3 hi p e r c e n t to m a tu r ity an d e x ­
c h a n g e d fo r
J
N ew 3 'as iu D e ce m b e r, 1S97, a t th e p ric e o f ........
101 a n d I n te r e s t
do. in J u ly , 189S, a t th e p ric e o f ...1...................... . . . . l o U a n d !S to re s *

In this last case, and the others as well, we have not
attempted to deduct the amount of new bonds, if any,
issued for purposes other than refunding, as the ques­
tion of chief interest to the investor is, ‘‘how do the
fixed charges on the old debt compare with those
a year ago?” The one exception to this method of
procedure is in the case of the Northern Pacific be­
low, where we allow and deduct 440,000,000 as the
amount of the Prior Lien bonds issued in the reor­
ganization independent of the refunding of the gen­
eral first 6s.
The final table brings together the results for all
the companies as follows.
Company and Its
new Loan.

Old Bonds
at Outset.

R tired
since.

Afhat
Useful!tads deduction
Last Report.
Issued, of Oharaes.

L a k e Shore 3}j»s .. $43,102,000 $23,830,000 $19,556,000
N. P.ic. P r. L ie n 4s. 44,051, 0 • 34,852,500
9,109,000
N. Y. O n t . Ilof 3v«s 70,377,000 20,42 ,000 49,952,006
R.jCk Isi’ad Gen, 4s 02,812,000 43,202,000 19,050,000
North W e s t........... +131,040,000
2,900,000 128,0*0,00)

$27,412,000
*45,431,000
23,801/00
1 15,425,100
4,9 0,0i 0

$69 MOO
274,000
203,220
340,130
10 820

* C alled fo r p a y m e n t a t th is d a te a t 1 0 5 a n d in te r e s t,
$351,572,500 $125,135,500 $226,437,000 $147,029,100 $1,589,285
i A sid e fro m so m e a m o u n t p a s t d u e .
I In c lu d e s $ 4 2 5 ,1 0 0 n o t lis te d , b u t u n d e rs to o d to b e is s u a b le on ac­
* A d d itio n a l to $ 4 0 ,0 0 0 ,0 0 0 issu e d fo r r e o rg a n iz a tio n p u rp o s e s ,
c o u n t o f b o n d s p a s t d u e.
t R ig h t to re f u n d e x te n d e d th u s f a r to o n ly a b o u t $ 1 8 ,0 0 0 ,0 0 0 of
B a s is o f E xch a n g e.
E a c h $ 1 ,0 0 0 5 p e r c e n t d e b e n tu re b o n d a n d e a c h e x te n s io n a n d c ol­ th e s e .
d e s $ 4 2 5 ,1 0 0 n o t y e t lis te d b u t u n d e rs to o d to b e is su a b le o n
la te r a l t r u s t 5 p e r c e n t b o n d (th e l a t t e r is s u e w a s p a id A p ril 3 0 ,1 8 9 8 , a ctc oInucnlu
t o f b o n d s p a s t d u e.
a t 105) w a s e x c h a n g e a b le in J a n u a r y , 1 8 9 8 ,fo r
$ 1 ,0 0 0 n e w 4 p e r c e n t b o n d a t a p ric e fo r l a t t e r o f .............................103^3
By reason of this refunding, as appears from the
A n d a ls o a c e r ta in a m o u n t o f c a s h to r e p r e s e n t d iffe re n c e b e tw ee n
th e tw o p ric e s o f 1 0 3 1* a n d 10 5 , a n d th e a d ju s t m e n t o f in te r e s t.

The alteration here shown in the constitution of the
debt is most marked, and it has been accompanied by
a saving to the company in interest charges of an
amount equal to about 7-10 of one per cent on the
50 millions of capital stock.
The New York Central also started its refunding
scheme in January last, and of its 70 millions of old
bonds twenty odd millions have been retired as shown
by the following.
REFUNDING OF KKW YORK CENTRAL BONDS BEGUN IN JANUARY, 1898.
(v. 6 6 , i*. 83.)
S in ce
O u tsta n d in g
B onds.
O u ts ta n d in g
E x c h a n g e d . J u n e , 1898.
W hen D ue.
J u ly , 1897.
$ 6 ,8 1 4 ,0 0 0 $23,186,0'»0
1 s t M o rt. 7 s . . . . J a n .,
1903 $ 3 0 ,0 )0 .0 0 0
1 ,8 5 4 .1 9 9
7.87 9 ,134
1 a tM .s te r l’g 6s.
do
9 ,7 3 3 .3 3 3
1 ,8 6 4 ,5 0 0
4 ,5 8 5 ,5 0 0
E x t .d e b t c e r .4 s M ay 1, 1 9 0 5
6 ,4 0 5 ,0 0 0
3 .6 2 7 .0 0 0
6 ,3 7 3 ,000
D e b e n tu r e 5 s .. S e p t.,
1904 1 0 ,0 0 0 ,0 0 0
1 5 0 .0 0 0
850.000
do
do
R ept,,
19 >1 1 ,0 0 0 ,0 0 0
6 .1 1 5 .0 0 0
7,079.000
D e b e n tu r e 4 s . . J u n e l , 1 9 0 5
1 3 ,1 9 4 ,0 0 0
..................
2 3 .8 0 1 ,0 0 >
N ew 3*38..............J u ly 1, 1997
N one.
T o t a l....................................... $ 7 0 ,3 7 7 ,3 3 3 $ 2 0 ,4 2 4 ,6 9 9 $ 7 3 ,7 5 3 ,634
B a s is o f e xc h a n g e —
O ld b o n d s re c e iv e d a t a p ric e a t w h ic h th e y w o u ld y ie ld 3^2 p. c. if held
to m a tu r ity in e x c h a n g e fo r t h e —
N e w 3*2 p e r c e n t b o n d s a t p ric e In J a n u a r y , 1 8 9 8 , o f ........103 a n i int.
D o.
do.
do.
do. in F e b r u a r y , 18 9 8 , o f .......... 103 >2 do.
D o.
do.
do.
d o . in J u n e . 1 8 9 8 , o f .................... 104
do.

While 20 millions and more of the old loans have
been exchanged, the refunding has here been rela­
tively most heavy in the case of the loans bearing the
lower rates of interest, namely the debentures. The
saving in interest has reached about 4263,000. The
price charged for the new 3£s in the exchange has
twice been raised, first from 103 and interest to
103| and interest, and recently to 10-1 and interest.
The North West, announced its refunding plan in
December last, but the plan applied to only a small
part of the 131.i millions of the bonds of the system.
The exchange has been partially carried out, but the
saving in interest has not re iched a large figure. The
following shows approximately what had been accom
plished to June 1st, 1898:
MFOKDDIO OF SOOTH WEST BOHD8 BEGUN
C tdo.Sk MU. 1 s t 7 * .
I o w a M id. 1 s t 8 * ...
E s o a n & L .8 .1 s t6 »
I o w a IJIv. 4 'i « . . . .
O en . COD. g o ld 7 s
♦ 2 5 -y ear d e b e n t 5 s.
' W is .N o r th 'n ls t 4 s.
N ew 3*a$...................

IN DECEMBER, 1 8 9 7

H onda,
O u ts ta n d in g Jtctired 0 demanding
w han d u e . S o v .
iSgg.
S in c e
J u n e / , /Sod
J u l y 1 , 1898 $ 1 ,7 0 0 ,0 0 0 $ 1 9 000 $1 ,0 4 1 ,000
O ot. 1 , 1900
1 ,3 0 0 .0 0 0 222,000
1 , 1 :8,000
.Ju ly 1, 1901
7 2 0 ,0 0 0 2 0 5 ,0 0 0
4 5 5 .000
A p r. 1 ,1 9 0 2
1 ,4 1 1 ,0 0 0 5 5 0 ,0 0 0
S81.000
D ec. 1 . 1 9 0 2 1 2 .3 3 0 ,0 0 0 1 .5 4 4 .0 0 0 10,792,000
N o r. 1 ,1 9 0 9 8 ,0 0 0 .0 0 0 1 0 0 ,0 0 0
5 ,900,000
J u ly l , 1931
6 8 0 ,0 0 0 2 2 0 ,0 0 0
4 4 0 ,000
N ov. 1 ,1 9 8 7
.......................................... 11,960,000

T o t a l ...................................................$ 2 4 ,1 7 7 ,0 0 0 $ 2,960,000 $ 2 6 ,1 7 7 ,0 00
■N ot In c lu d e d in offer o f D ec., 1 8 9 7 , b u t r e tir e d fro m b o n d s on band,
i In c lu d e s $ 2 ,9 6 0 ,0 0 0 is s u e d a g a in s t th e $ 1 ,9 6 0 ,0 0 0 o ld b o n d s r e ­
tir e d , a n d a n a d d tti >nal jtl.OOO.OlO fo r c a r io u s p u rp o se s.

table, there have been retired to a recent date about
125 millions of bonds, and there has been a total
saving in the annual interest charge to the companies
concerned of nearly sixteen hundred thousand, dollars.
THE NEW STAMP TAXES AND THE FINANCIAL
MARKETS.

The new internal revenue taxes imposed under the W ar
Revenue Bill have been in operation a week now, and busi­
ness in the financial markets is being gradually adjusted to
them. It is a little early yet to say just what effect these
new taxes will have upon the departments and markets most
immediately concerned. No doubt in certain branches tho
additional burdens imposed will serve to restrict the volume
of speculation and possibly also the amount of legitimate
dealings. The foreiga exchange market still remains more
or less unsettled on account of the disturbance occasioned by
the taxes, and here the disposition is to think that certain
classes of operations will he made very difficult, if not im­
possible, hereafter, because of the added cost resulting from
the taxes On the Stock Exchange dealings between mem­
bers of the Exchange will necessarily be restricted, as with a
t ix of two dollars (per 100 shares) to pay, the cost of such
business bscomes a serious item. All confusion as to
the application of the law in the matter of stock transfers
and sales and as to whether a tax of five dollars per hun­
dred shares mu3t be paid or a tax of only two dol­
lars, was cleared up in the letter written last week by
Commissioner Scott to Collector McLain, of the First Penn­
sylvania District. Oa account of its importance and as a
matter of record we printthe substance of this letter below.
On th e q u e s tio n o f th e c o n s tr u c tio n of t h a t p a r t of Schertulo A o f t h e
A ct o f J u n e 1 3 ,1 8 9 8 , im p o s in g s ta m p t a x on e a c h o rig in a l is s u e ,
w h e th e r o n o rg a n iz a tio n o r r e o rg a n iz a tio n , of c e rtific a te s o f s to c k . i t
is h e ld t h a t t h e m e a n in g of th e w o rd s “ o rig in a l is s u e ” a« h e re in u s e d
is lim ite d a n d c o n tro lle d b y th e w o rd s “ w h e th e r o n o rg a n iz a tio n o r
r e o r g a n iz a tio n ,” a n d t h a t th e r e f o r e th e o n ly c e rtific a te s of s to c k o n
b i c h t b e t a x of ti ve c e n ts o n e a c h $ 1 0 0 of fa c e v a lu e o r f r a c tio n
th e re o f is im p o se d b y th is A c t a re th o s e c e rtific a te s is su e d on or a f t e r
J u ly 1 ,1 8 9 8 , o n th e o rg a n iz a tio n o r r e o rg a n iz a tio n o f a co m p a n y .
In e a s e o f c o rp o ra tio n h a v in g (fo r in s ta n o e ) a n a u th o riz e d c a p ita l
s to c k o f $ 1 ,5 0 0 ,0 0 0 , o f w h ic h i t h a s is su e d o n ly $ 5 0 0 ,0 0 0 p rio r to J u l y
1, 1898, a n d o n a n d a f te r t h a t d a te finds i t n e c e s s a ry to m a k e o n e o r
m o re a d d itio n a l is su e s u n d e r th e a u th o r ity p o s se ss e d b r it, e a c h a d d i­
tio n a l is su e th u s m a d e is a n o rig in a l is su e w ith in th e te rm s a n d m e a n ­
ing o f th e s t a t u t e h e ro u n d e r c o n sid e ra tio n , a n d th e c e r tific a ‘es o f
e a c h Issu e a r e s u b je c t t o th e si a m p ta x . W h ere a n y o rig in a l c e rtifi­
c a te is su e d is p re s e n te d b y th o h o ld e r to th e c o m p a n y o r c o rp o ra tio n
fo r re -is s u a n c e on a n o th e r c e rtific a te o r c e rtific a te s in lie u th e re o f, th e
c e rtific a te o r c e r tific a te s th e re u p o n is su e d to ta k e th e p la c e o r i n e
o rig in a l c e rtific a te co u ld n o t u n d e r th e la n g u a g e a n d lim ita tio n o f th e
S ta tu te b e fo re c ite d r e q u ir e a n y s ta m p a s lo n g a s th e re is no sale, n o r
a g re e m e n t to sell, n o r m e m o ra n lu m of sale , n o r tr a n s f e r of a n y o r
ih e se c e r tific a te s is s u ' d In lie u of th e o rig in a l.
__
In c a s e o f s a le , w h e re th e e v id e n c e of tr a n s f e r is show n o n ly b y tn e
hooks of th e o m n p a n y . th e ta x of tw o c e n ts is re q u ire d to ba p a id o n
e ac h $ 1 0 ' of face v a lu e o r fra c tio n th e re o f, a n d th e s ta m p re p re s e n t-

56

THE CHRONICLE.

In £ t h i s i* re q u ire d to b e \Vueed u p o n s u c h book*. W h ere t h e ch au.ro
o f o w n e rs h ip In b y tr a n s f e r c e r tific a te th a t U to s a y th e e x e c u te d a u
th o r l ty to t r a n s f e r U e o n aim.nl o n th e b u ck o f t u e c t o c k o e rtlflo a te
w u ic h i* to be tro u sferrtM l—th e s ta m p m u s t t>e piatnni oil th e tr a n s f e r
c e r t i f i c a t e ,t h a t in to s a y u p o n th e s u r r e n d e r e d e e r t Id e a te e o a ta im u g
th e tr a n s f e r . lu c a s e o f a g r e e m e n t to sell o r w h e re th e t r a n s f e r Is by
d e liv e ry o f th e e o U tte a tc a l i g n e d l a b la n k , th e r e m u s t >e e x e c u te d a
m e m o ra n d u m th e re o f, to w h to i th e s ta m p is re q u ire d to bo a ill te d .
U n d e r th e r u lin g h e re in s ta l e d , In ill oim © c h a t m t y bo su p p o se d )
o f a m a n w h o is th e o w n e r o f a c e r tific a te fo r o u e h u n d re d s h a r e s a t
s to c k a n d w is h e s t*« still te n o f th e s e to sm o th e r p e rs o n , t h e r e s u lt
b e in g t h a t o n e c e rtific a te w o n d b e issu e d fo r th e te n s h a rd s so l l a n d
a ls o sin a d d itio n a l c e r tific a te fo r th e n in e ty ah «res a 111 re in d u lz w in
h im , ih e c e r tif ic a te f o r n in e ty s ' ;uv« issu e l (w ith th e o o rt id e a te fo r
te n s h a re s Hold) in lio n th e re o f d o e s n o t r e q u ir e a n y s ta m p , a r d rl»o
o o rtJtl a te fo r te n s h a r e s d o e s n o t re q u ire a s ta m p r e p r e s e n tin g t he
t a x o f live c e n t ' o u e a c h $tOU o f fa c e v a lu e o r fr a c tio n th e re o f, ns it ia
n o t a n o rig in a l issu e. T h e o n ly s ta m p re q u ire d w ith r e fe re n c e to
flies* c e r tific a te s is a s ta m p o n th e ir n u s f e r o f th * te n s h a r e s so ld , rop
r e s e n tin g p a y m e n t o f th e ta x o f tw o c e n ts o n e a c h >100 o f fa c e v a lu e
o r fr a c tio n th e re o f.
In a n o th e r e a s e (c ite d fo r illu s tr a tio n ) w h e re a m a n h o ld s s e v e ra l
c e r tif ic a te s fo r - h a r e s o f s to c k , a g g r e g a tin g c u e h u n d r e d s h a r e s , a u d
fo r Ids c o n v e n ie n c e c a lls u p o n th e c o m p a n y to is s u e t o 111in in lie u
th e r e o f o n e c e r tif ic a te f >r o n e h u n d re d s h i r e s , th e r e b e in g no s a le n o r
a g re e m e n t to sell, n o r m e m o ra n d u m o f s a le o r d e liv e r y n r t r a n s f e r of
th is n e w c e r tific a te , th e s t a t u t e d o e s n o t r e q u ir e th e a tlix ln g o f a n y
s ta m p th e r e to .

| V o l . L X \ 11.
W etk Sliding Tuiy 9

C l e a r in g s .
Ibfturtu by Telegraph.

1898.

N'*w Y o rk ..................................
B *stou....... ................ ................

1897.

Per O m t.

B altim ore,................................
0 m on g o .......................................
■U. Louis....................................
S o w O rle a n s......................... .

V438.3S1 747
78,641.502
46,870.697
11,257,655
73.163,232
20,099*.«97
4.040.210

64)8,128.574
78,662,032
40,810,004
10.710,013
60,779,998
17,005,570
4,859,147

+10*2
—3*9
+149
+5*1
+20*4
+21*7
—7*2

S even cities, 5 d a y s . .......
O ther c ities, 5 d a y s ................

0710.089,079
147,692,418

0018,453,044
117,019,274

+15*8
+20*2

T o tal all cltle >, 5 d a y s__
All cities, 1 d a y ....... ................

0800,781,497
19-1.890,241

*735,473,218
171,771,193

+ 17 4
+18*2

Total all c itie s fo r w e e k ..

81,0.36.177,733

6937,244.411

+10*6

Another table, our usual monthly detailed statement of
transactions on the various New York Exchanges, ha- also
been crowded off of the first page. The results for the six
months of the current year are, however, g iv :i o-sluv and
for purposes >f com jrrisoa the figures for too cirrespm d ng
period of 1897 are also presented.

I S2SSS'
H «S>

In the money market the net? form of agreement with
S ix Months, 1898.
Sts Months, 1897.
reference to call loans, as sanctioned by the Cie iriag H itne
P ar Value
Aver'ge
A ctual
A ‘ter or Par Value
.Actual
Description
Committee, seems to be working well. Call lm us are
or Q uantity
Price or (juantlt i,
Price.
Value.
Value.
usually renewed from day today, and the collateral is also apt
24,556.69?
ft \<J?2.2*0
(3305317469
0 >3531 10900 j 1594003043 03*8
to be changed from day to day. If with each renewal a new &R. Contis.. 16.082.225 75 f.109.4-7.812
I20 L854.99 » $169,403.250 78 2
01,7' 7,619
17,123,760
08,994,72! 121*2
Tov't bonds
$1,013,00)
stamp had to be affixed, the tax would become prohibitory, State bonds
148+024 00*3
0550,761
0^20.80)
l J«7,000
0157,910
*269.282 170*5
t 2 i ,662
01 V *
ince it would amount to three or four time3 the interest Sank stocks
01,7632233 51 68 l
75
2
02565104550
I5.477.0i
010
T
o
ta
l__
04,120333
il3
charge. The object, therefore, wa3 to provide a continuma Gotton..bla. 13.183,2-0 f 103,017,81a 030 57
12.393,’ 00 *439.0 0,6 0 *35*42
6:7,389,947 0509,980,78 * 74 1-lGc
agreement, which would give th^ b in ts effective control of drain.bush. 600,*147,0 6 *63 -.439.3 ?4
06,12 >790397
02,7<>5M0740
the collateral while relieving the borrower from the neces­ Total value.
sity of paying the tax oyer and over again. Annexed is the
The volume of transactions in share propsrtie* oa the N ew
York Stock Eschaage etch month since January 1 in 1893 and
form of the new contract.
1897 i3 indicated in the following :
: ..................; E n o w a ll M en b y these P resents, T h a t tlio u n d e r sig n ed ,

: ;4
| ! |

r u n SALES OF STOCKS ST N8W VOKtC STOCK BXCUANQB.
; S T A M P. : in c o n s id e r a tio n o f fin a n c ia l a c c o m m o d a tio n s g iv e n , o r to
: ..................t b e g l e n , o r c o n tin n e d to th e m id e rs ig n e d by t h e ........... —
1897.
1898.
..................R a n k . . . . . . ..............................o f th e C ity o f N e v Y o rk , h e re b y
a g re e w ith th e s a id B a n k t h a t w h e n e v e r th e u n d e rs ig n e d s h a ll b e co m e
Values.
Values.
Month.
Num ber
Num ber
o f re m a in , d ire c U y o r c o n tin g e n tly , in d e b te d to th e s a id B a n k fo r
uf Shares
of Shares.
m o n e y le n t, o r fo r m o n e y p a id f o r th e u s e o r a c c o u n t o f th e u n d e r ­
A ctual,
Par.
Actual,
P ar.
s ig n e d , o r f o r a n y o v e r d r a f t o r u p o n a n y e n d o rs e m e n t, d r a f t, g u a r ­
a n t y o r in a n y o th e r m a n n e r w h a ts o e v e r, o r u p o n a n y o th e r c la im , th e
0
0
1
%
s a id B a n k s h a ll th e u am t t h e r e a f t e r h a v e th e fo llo w in g r ig h ts , in
9,290.391 912.564,675 641,911,009 3,335,413 323.774.760 203,587,473
a d d itio n to th o s e c r e a te d b y th e c irc u m s ta n c e s fro m w h ic h s u c h i n ­
8,950,824 873,528,400 053,208 221 2,803.401 206,433,100 171,604,654
d e b te d n e s s m a y a ris e a g iiin s t th e u n d e rs ig n e d , o r h is , o r t h e ir e x ­
10,083,9+ 984.492,750 788,778.585 5,039,916 485.428.760 325,254 60$
e c u to r s . a d m in is tr a to r s o r a ss ig n s , n a m e ly :
1. A ll s e c u r itie s d e p o s ite d b y th e u n d e rs ig n e d w ith s a id b a n k a s
1st qr 28.328.203 2,770,575,825 2.083,897,815 11,208,729 1,076,033,000 706,44 6,031
■collateral 'o a n y su ch lo a n o r in d e b te d n e s s o f th e u n d e r s ig n e d to s a id
5,979,445 50rtj537,15O 443,292,236 3,509,007 335,716,350 229,07*,$®?
b a n k s h a ll a lso be h e ld bv s a id b a n k a s s e c u r ity fo r a n y o th e r lia b ility
o f th e u n d e rs ig n e d to s a id b a u k , w h e th e r th e n e x is tin g o r th e r e a f t e r
9,191,684 871,480,450 039,711.839 8,343.035 324,18 850 327,037,329
c o n tr a c te d : a n d s a id b a n k s h a ll a lso h a v e a lie n u p o n a n y b a la n c e o f
9,173.051 87*,080,150 635,445,535 6,436,920 617,016,100 433,5)2,253
t h e d e p o s it a c c o u n t o f th e u n d e rs ig n e d w ith s a id b a n k e x is tin g fro m
tim e to tim e , a n d u p o n a ll p r o p e r ty o f th e u n d e r s ig n e d o f e v e r y d e ­
2d qr. 24.344,18:- 2,311,019,750 1,718,149,654 13,347,96.8 1,277,407,300 888,610,414
s c r ip tio n left, w ith s a id b a n k fo r s a fe -k e e p in g o r o th e rw is e , o r c o m in g
to th e h a n d * o f s a id b a n k in a n y w a y , a* s e c u r it y fo r a n y lia b ility of 0 mos.. 52,ti72,S»n 5.082.225,675 3, *05.3 47.4 69 24,556,097 2.353,100,900 1.694,' 68.045
th e u n d er-iig n ed to s a id b a n k n o w e x is tin g o r h e r e a f te r c o n tra c te d .
The following compilafioa covers the clearings by months
2. S a id b a n k s h a ll a t a ll flu id s h a v e th e r i g h t to r e q u ir e fro m th e
u n d e rs ig n e d t h a t th e r e s h a ll b e lo d g e d w ith s a id b a n k a s e e o u rity fo r since January 1.
a ll e x is tin g lia b ilitie s o f th e u n d e rs ig n e d to s a id b a u k , a p p ro v e d col
_________
MONTHLY 01 EASING*.
la te r a l s e c u ritie s to a n a m o u n t s a is fa c to ry to s a id b a n k ; a u d u p o u
th e fa ilu r e o f th e u n d e rs ig n e d a t a ll tim e s to k e e p a m a rg in o f s e c u ri­
Clearings, lo ta l AH.
Clearings Outside New York.
tie s w ith s a id b a u k f o r s u c h lia b ilitie s o f t h e u n d e rs ig n e d , s a tis f a c to r y
to s a id b a n k , o r u p o n a n y f a ilu r e in b u s in e s s o r m a k in g o f a n in s o lv e n t
1897.
USDS.
P. ct.
1898
1897
P .O i.
a s s ig n m e n t by th e u n d e rs ig n e d , th e n a n d in e ith e r e v e n t a ll lia b ilitie s
o f th e u n d e rs ig n e d to s a id b a n k s h a ll a t th e o p tio n o f s a id b a n k b e ­
*
t
«
*
c o m e im m e d ia te ly d u o a n d p a y a b le , n o tw ith s ta n d in g a n y c r e d it o r Ja n u a ry . .. 0.012,091,403 4,499.443,030 rS3*C 8,321,803,73t 1,*10,100,7SJ +31*5
tim e a llo w e d to th e u n d e rs ig n e d b y a n y in s tr u m e n t e v id e n c in g a n y of F eb ru ary
5.552.352,491 3,684,529,935 +50*7 2,030,0)4,78
1,639,399,760 b24*»
th e s a id lia b ilitie s .
5,040,749,796 4,211,070,471 +34 0 2,222,030,352 1,823,958,927 +21*9
3. U p o n fa ilu r e o f th e u n d e rs ig n e d e ith e r te p a r a n y in d e b te d n e s s to M arch ..
s a id b a n k w h e n b e c o m in g o r m a d e d u e . o r to k e e p u p t h e m a rg in o f c o l­
1 s t qu&r.. L7,205,093,749 12.345,043,472 + 3+8 0,580,533,872 6,373,459,417 +23*5
la t e r a l s e c u ritie s a b o v e p ro v id e d fo r, th e n a n d in e ith e r e v e n t ’s a id b a u k
m a y im m e d ia te ly w ith o u t a d v e r tis e m e n t, a n d w ith o u t n o tic e to th e A pril........... 4,972,340,528 4,100,125,495 + 21*1 $,103,431,502 1.856,858,736 +13*3
u n d e rs ig n e d , sell a n y o f th e s e c u ritie s h e ld b y i t a s a g a in s t a n y o r a ll M ay ............ 4.330,410,921 4,107,8 J l.5 "2 +28*4 2,191,006,203 1,852.734,200 +u*e
o f th e lia b ilitie s o f th e u n d e rs ig n e d , a t p r iv a te s a le o r B r o k e r ’s B o a rd J a n e . . . . . . . . 5,499,335.195 4,472,230.552 + 21*0 2,233,533,405
1,900,739,844 +17*6
o r o th e rw is e a n d a p p ly th e p ro c e e d s o f s u c h s a le a s f a r a s n e e d e d
to w a rd th e p a y m e n t o f a n y o r a ll o f s u c h lia b ilitie s , to g e th e r w ith i n ­
2 d q u a r ... 15,80•, 163,0 i4 12,740,303,619 t-24'0 0,527,070,170 6,609,832,816 +10*4
te r e s t a n d e x p e n s e s o f s a le , h o ld u g th e u n d e rs ig n e d r e s p o n d b le fo r
6 m o n th s. 13.013,232,39,3 2S.111.S5S.091 +31*3 L3,103,504.012 l0,yS3,292,243 +19*3
a n y d e fic ie n cy re m a in in g u n p a id a f te r s u c h a p p lic a tio n . If a n y .such
s a le b e a t B ro k e r's B o a rd o r a t p u b lic a u c tio n , s a id b a n k m a y its e lf
The course of bank clearings at leading cities of the coun­
b e a p u r c h a s e r a t su ch s a le fre e fro m a n y r ig h t o r e q l i t y o f r e d e m p ­
tio n o f th e u n d e rs ig n e d . *uoh r ig h t a n d e q u ity b e in g n e re b y e x p r e s s ly try for the month of June and since January 1 in each of
w a iv e d a n d r e le a s - d . U p o n d e f a u lt a s a fo re s a id , s a id b a u k m a y a lso the last four years is shown in the subjoined statement.
a p p ly to w a r d t h e p a y m e n t oi th e sa id lia b ilitie s a ll b a la n c e s o f a n y
BANK OLKARINOH AT I.KADINO OTTIBB
d e p o s it a c c o u n t o f th e u n d e rs ig n e d w ith s a id b a n k t h e n e x is tin g .
,---------------- J a n t . ---------------- - ,------- J a n . 1 to J a n e 30 .------- .
I t i i f u r th e r a g re e d t h a t th e s e p r e s e n ts c o n s t i t u t e a c o n tin u in g (0 0 0 ,0 0 0 1
1 8 9 8 . 1 8 9 7 . 1 8 9 6 . 1 + 9 5 . 1 8 9 8 . L 097. 1 8 9 3 . 1 8 9 5 .
a g re e m e n t, a p p ly in g to a n y a n d a ll f u tu r e a* w e ll a s to e x is t in g t r a n s ­
0m ille d . •
$
*
»
*
*
s
*
a c tio n s b e tw e e n th e u n d e rs ig n e d a n d s a id b a n k .
S e w Y o r l r . . . 3 ,2 8 8 2 .5 7 2 2.4,14 2 .1 8 ! :1 9 .9 0 3 1 4 .1 5 8 1 4 4 0 ) 1 4 ,1 9 8

III

D a te d N ew Y o u k , th e

____ d a y o f ______ ____. 1 8 9 .

C learings by T elegraph.—Sales of Stocks, Bonds, &c.—
Th9 subjoined table, covering clearings for the current week,
usually appiars on the first page of th9 C b r o .v c o l s , but on
account of ths length of th i other tables is crowded oat
once a month. Ths figures a n receive! by telegraph from
the leading citie3. I t will be observed th at »3 compared with
the corresponding week of 1897 there is an increase in the
aggregate of 16 6 per cent. So f ir as the individual cities are
concerned, New York exhibits a gain of 19'2 per cent, and
the gains at other points are: Philadelphia 14'9 per cent,
Baltimore .VI percent, Chicago 304 percent and St. Louis
31-7 per cent. Boston records a loss of 3 9 par cent and New
Orleans 7*3 per cent. In both years Fourth of July holiday
fell in this week.

4 4:4
3G 6
252
114
61
61
57
58
41
25
27
28
26

B o s to n ............
OhloftRO-------P n U ad elp h -ltt
8 t. LOLllft . . . .
P ltr * b u r « .. .
B a ltim o r e ...
S a n P r a n ’o o .
O ln o ln a a ti ...
C a u s a N ib t y
N ew O r le a n s
L o u i s 'v il la ...
v ltn n e a p o lia .
C le v e la n d ...
O c tro i t
P r o v id e n c e ..
S U I tv a u d e e ..
O m a h a ..........
B a H a lo ..........
Col a m b u s . . .
ftr,. P a u l . . . . .
H a r t f o r d ___
D e n v e r ........ ..

4 47
481
323
120
S3
82
66
no

37 1
39.5
27*»
93
fil
6 t
.55
5 I
40
29
24
29
28
20
22
20
21
19
1ft
21
10
10

3 -8 2.G >9 2 .» 1 k 2 .2 -.2 R .2 4 0
3 3 ) 2 .7 0 i 7 .0 H
7.272 2 .2 3 0
3 0 6 1 .8 '5 1 (4 9 L 1 ,0 1 7 1 ,6 *14
107
713
5^4
620
t>5 »
430
349
63
378
39 1
3 6 .)
60
4 ‘9
363
3 33
397
3 2 ft
59
3 13
325
58
323
30 3
32)
308
42
201
2*0
243
250
32
23 i
201
23? • 227
176
1G1
28
156
148
27
145
203
153
1' 8
V4
1
33
1
5
0
1
5
2
134
2ft
16/
150
150
134
23
129
’ 32
13 1
1 -0
117
•*o
13 L
116
111
U
1 12
14ft
108
8:)
102
lo f t
9o
109
13
8
7
16
9
)
9
1
101
96
19
77
99
111
0
7
0
3
63
63
9
69
12
73
67
63

10
12

22
18
20
18
15
15
IO
10

T o t a l ..........

5 ,2 5 3
248

4 ,2 8 7
205

4 ,1 0 0
205

4 ,2 1 1 3 1 .1 5 )8 2 3 .9 0 9 2 4 .4 0 3 2 4 ,1 4 5
1 8 5 1 ,0 1 7 1 ,2 J2 1 ,3 2 7 1 ,2 1 0

T o t a l a l l . . . 5 ,4 9 9 4 ,4 7 2 4 ,3 0 3
O u tsid e X ,Y . 2,2 3 3 1 ,9 0 0 1 ,8 9 1

4 ,3 9 8 3 3 ,9 1 3 2 5 .1 4 1 2 5 ,7 3 6 2 3 ,3 5 5
1,915 1 3 ,1 0 1 0 .9 3 3 1 1 ,3 3 8 1 1 ,1 6 7

O th e r c itie s ,.

47

28
29
33

34
29
22
23
27

18
16

IS

25

J uly 9, 1898.J

THE CHRONICLE.

I ^ o iic titv a i^ o m m e v c ta tg iig U s T t^ e w s
LF r o m o n r o w n c o r r e s p o n d e n t. ]
L o n d o n , Saturday, June

57

owing to this trouble the authorities are unwilling to seriously reduce tae reserve supply of Welsh steam coal on hand.
At first this suggestion was not generally accepted, and ques­
tions on the subject were asked in Parliament. Now the
general feeling is that the official explanation is the correct
one.
The directors of the Bank of England, at their meeting on
Thursday morning, made no change in their official rate of
discount, which remains at 3 p-r cent. Speaking at a dinner
given on Wednesday night at the Mansion House to the
Chancellor of the Exchequer and the bankers and merchants
of London, Mr. Hugh Collin Smith, the Governor of the
Bank, following immediately the speech of th- Chancellor of
the Exchequer, said that the condition of the Bank, like that
of the public purse, was remarkably strong, and he feared
that he would not conciliate his friends, the bankers of Lon­
don, when he assured them that for some months to come
their profits would necessarily be very small. The fact is
that chiefly owing to the absence of speculation on the
Stock Exchange it is very difficult to find profitable
employment _for the balances which bankers have to
lend, especially as upon a large proportion of
their depo its they are allowing som- rate of interest.
Day-to day money is in plentiful supply at about % per
cent, and the discount rate for first class three months’ bank
bills is not m ire than l 1^ per cent. The Bank rate is ex­
pected to be reduced to 2% or even to 2 per cent when the in­
terest on the Funds is paid early in July, unless the A-merican exchange further weakens and renewed gold shipments
are threatened. It is, however, not believed that the U. 8.
will take gold from L ndon until the autumn. The reserve
of the Bank now closely approaches 28 millions sterling,
agai at about 26 millions sterliag at this time last year.
Russia continues to buy all the bar gold arriving from the
mines at 77s. lOd. per ounce. The Bank’s price is now
77s. 9J.
The following return shows the position of the Bank of
England, the Bank rate of discount rhe price of consols,
&c., compared w ith the last three years:

25, 1898.
So far as is known here in London there is practically no
change with regard to the outlook of the war since I wrote
on Saturday last. The announcement that the Spanish Gov.
ernment has made arrangement for the payment of the July
cupon upon the foreign debt had been looked for. As it is
felt that the United States Government is not yet in a posi
tion to terminate the war at once, it is feared that it may
be still prolonged for a considerable time. Tne operations of
the American fleet both in Cuba and in the Philippines, as well
as the ever-varying acconn s of the movements of the United
States troops, are watched here with keen interest, as it is
hoped that a decisive engagement will soon bring Spain to an
appreciation of the futility of continuing the struggle. It is
a m atter of common knowledge that the Spanish Govern­
ment is making most strenous efforts to raise further money
in Paris, and last week, your readers will remembeir, it was
announced that the Bank of Spain h id once more been in­
structed to set the printing press working. The serious flaancial difficulties in which Spain is involved may of course com­
pel her to give in, but the general impression is that she is
not yet fully convinced that the longer she pur3uss the war
the more disastrous it must be to herself.
The price of silver has recover-d to 27^d., Spain having
again bought this week, and some purchases lor other Conti
nental buyers have been made. A3 vet India will not pay
the higher price, but India would probably bnv a good deal
should any decline occur. Although the Bank of Bombay
has this week reduced its official ra t9 of discount from 10 to
9 per cent, there is still a strong demand for money in India.
18S7.
1890.
1SP8.
1895.
Owing to the fall in the price of wheat, importers in this
June 22. June 23.
June 24.
£
&
country are less under the necessity to send money than two
£
4
27.33V 20 27,503 845 27.0.'M 5 :-0 2fl,l0>,185
or three weeks ago, but there is still a strong demand for
12.054 937 It 9• 3.907 13.175.W03
9.084.880'
52,Y4>«.79d 37.3 6.195
India Council hi Is. The applications on the pert of the Government securities............. 44.59 91L 33,795.704
13.4-0,051 13,9.8.350 15,220.97.8 13,981 561
market for the 40 lies offered for tender by the India Coun­ Other
secu rities .......................... 33.00 .340 28.7iVi.672 29.05 ,3*3 21.431,427
25,
09.
04
88.921,757 28.19 7.1.80’
27.9.
j
»,413
!
R
fserve
of
notes
and
coin.......
cil on Wednesday last exceeded 2'i2 lac3. The prices obtained Coin X bullion, t»otb depurtn’ts 88,19 '.133 3<5,o 4. 09 49,156,277
37,998.405for them were, ho.vever, slightly less than on the preceding 'rop. reserve to llaoilities p.ct.
49‘4
69?$
5 24
am
3
2
Bank rate .. .........percent.
2
2
Wednesday Exchange between this couutry and India is Consols,
291 per c e n t ............... 111 3-10 112 13-16
112 1VL0
107%
fractionally lower for the week. The total sale of Iniia Silver ..
...........................
'-7%d.
27 9-16d.
31%d.
30 3-lad.
124,7 43. 00 103 454,000 124.798,000 141,338. ou»
Council drafts for the financial vear, which commenc cl on Clearing House returns.......... 124,74
the 1st of April, exceeds £5.000,090 sterliag as against a little
E a ^ l l s h F i n a n c i a l J l a r l i e t » - P e r C a b le .
over 21^ millions at the corre-ipon ling date last year. The
The daily closing quotations for securities, etc., at London
prices at which the India Council has been able to s-11 its are reported by cable as follows for the week ending July 8 :
drafts have been on an average nearly 1 3 l*5d. higher than
those obtained twelve months ago.
Wed. T /iurs.
London
S a t.
M on.
Tue*.
F r i.
Business npm the Stock Exchange, both in the investment
and speculative departments, continues very quiet. In the S liv er, p e r o n n i s ___ d. 27%
27% fi 273:„ 271l8
27%
111% 11H % . 111% H I 9 ,*
parlance of the Stock Exchange, r-peculators see nothing Jo n so ls., n e w , 2 % p .o ts. 1111=16 112
112%. 11 1l m 11134
I l l 'l l * 111%
F o r a c c o u n t ......... ....... 112
at the moment to “go for,” and consequently even the ? r’eh
r e n te s (In P a ris ) fr. 103-05 0 2 ‘2 2% 103-15 103-15 103-10 103-25
professional element are doing little or nothing either ia Ito li. T o p . & S a n ta F e . 13%
i3 %
14%
13%
14%
13%
35%
34%
34%
Do
do
p re f. 31%
American railroad secu'ities. South African or West Aus­
35%
86%
86%
86%
............ 85%
86%
tralian gold mining shares, which now compose the principal M ensaudptae nn kPe a<cfeifio
24
23%
O H o. . . . 23=8
21%
23%
speculative sections of our market. The reason for the pro CIhhic.,
101% 102%
Mil. & 3 t . P a u l... 0 38 103% 103%
103%
52%
52
.52%
53%
longed dulness in the investment market is different, and it is D env. <fe R io G r., p r e f . . 52
14
13%
13%
14
14
, c o m m o n ................. 13 %
caused partly by the very high prices to which the best * rte
3634
37%
37
37%
l e t p r e f e r r e d ............... 36 k
37%
classes of American securities have attained, and is partly flolnols C e n t r a l............... 10.34 108% 109
108% 10834 110
195
owing to the activity of general trade in this country. The
195
195
55
55
55%
very wealthy and the trade clasees generally have at a time L ouisville <fe N a sh v ille . 54% 55% 55%
6534
65 34
65%
65%
65%
like the present a variety of opportunities of profitably em­ Mo. K a n . & T e x ., c o m .. 11 34
12
11%
11%
ploying their caoital to far greater advantage than by invest­ M. Y . O e n t’l & H u d so n . 119% 120
122
120% 120
120
15%
15%
15%
16
ing it, in Stock Exchange securities. There is, for instance, V. Y . O n ta rio & W est’n 15 %
53%
53%
53%
55
& W e s t'n , p re f. 53ic
at the moment, an active demand for money by all great NN orfolk
30%
30%
30%
3 0 78
o rth e rn PaclU o, c o m .. 30%
shipbuilding firms and the allied trades affected by activity
72%
72
73%
72
7- %
60%
59%
59%
59 %
in the shipbuilding industry. Ia consequence the iron in P e n n s y lv a n ia ................ 59%
59 %
10
9%
9%
J ulla. & R ea d ., p e r ah.
9 7s
9%
9%
dastry is also active, and ammunition factories find ample c*hll.
2334
24
24%
23%
d ., l a t p re f. 24
opportunities of employing any surplus balances which m iy Phil. <<fefe RRea
11%
12%
11%
11%
ead ., 2 d p re f. 12
9
9
8%
s%
be at their disposal. Under these circumstances it is not io a th ’n R a ilw a y , c o m . 8=8
3078
31%
31%
31%
30%
surprising that the trade classes generally decline to accept
24
%
25
21%
25%
.
24%
from 2 to 2?g per cent, which is, roughly, the return to be ob­ CJatonDoP ao tflon ...............
1 2%
613 q
62
63
e w p r e f .. 61%
1934
tained from the highest class of investment securities, al­ V a b a s h , p r e f e r r e d
19 %
19%
19%
19%
though as much as 3 per cent can be obtained in special
cases ; any return above t i a t may be said to mean that in the $ c m x n x e r c t a l a m i i ^ W s c e l l m i e g u s j j l e u r g
opinion of the market the security has either never been or
has ceased to be in the highest class. Th9professional people
I m p o r t s a n d E x p o r t s f o r t h e W e e k . —The following ara
and those i i receipt of fixed incomes, for the most part, are he imports at New York for the week ending for dry -,oods
willing to take a c rtaiu amount of risk, provide! that th e y -June 30 and for the week ending for general merchandise
see their way to a rise in capital value upon the securities •July 1 also totals at ice the beginning of the first week
purchased, as well as what they consider a fair rate of dis­ in January.
VORttlON IMPORT* XT NUW YORK.
count or interest.
The strike in the Welsh steam coal trade continues and
1895.
1896.
1897.
F o r w eek.
1898.
there is no immediate prospect of a termination From the
outset the leaders of the men were oppised to the strike and D ry g o o d s ........ $ 1 ,3 7 2 ,1 4 2 * 3 ,9 0 5 .9 7 0 $1 ,6 8 3 ,3 2 2 * 2 ,2 3 3 ,4 5 3
advised them in the strongest terms not to engage in it. and l e n ’l m e r ’d lse
5 ,2 3 9 ,2 8 4
6 .5 0 2 ,8 6 6
7 .3 0 5 ,5 1 6
6 .8 8 4 ,6 59
the well informed both on the side of the men and on the
$ 7 ,5 2 2 ,7 3 7
$8
,1
3
6
,1
8
8
1
1
,2
1
1
,4
8
6
T
o
ta
l
.
.
........
$
3
,2
5
6
,8
0
1
side of the employers predicted a certain and speedy c o lapse.
S in c e J a n . 1.
Nevertheless it has gone on now for mouths, and although >ry
g o o d s ........ $ 4 3 ,7 2 6 ,6 2 9 $78,2 9 4 ,0 1 2 * 6 0 ,1 4 6 ,1 4 6 * 7 3 ,6 8 5 ,2 6 0
terrible distress is reported from certain parts of the dis­ l e n ’T m e r’d lse 174,7o 1,865 2 0 6 ,4 8 9 ,2 7 6 181,351,661 1 8 1 ,5 8 5 ,4 0 0
tricts affected, it is not possible to predict when the end will
T o ta l 26 w eek s $ 2 2 3 .4 8 8 ,4 9 1 $ 2 8 1 ,7 6 3 ,2 8 3 * 2 4 1 ,4 0 8 ,0 1 0 $ 2 5 8 ,2 5 0 ,6 6 0
come.
fine following is a statement of tue exports (exclusive ox
Apropos of the Welsh coal strike the Government an­
nounces that this year the autumn maa.euvres of the British ipecie) from the port of New York to foreign ports for tns
fleet will not take place. The official reason given is that veek ending July 4 and from January 1 to date:

THE

ob
B Il* O a tS

War th e w e e k ..
P r e v . r e p o r te d

CH RO N ICLE

F U V HEW IOHH FOB TUB WKBK.

j

1896.

18 9 8 .

1897.

$ 8 ,8 9 7 ,6 4 3
2 4 5 .8 R M 7 3

$ 8 ,4 0 7 ,3 2 1
199,615,95.1

1895.

$ 7 ,3 6 9 ,0 6 3 ' $ 4 ,8 9 9 ,9 3 7
1 8 6 .8 1 0 ,1 0 9 16 5 ,8 3 8 .624

[Vol. LXVII.

To make the 1897-98 figures conform to the Government
statement, the amounts mentioned in above foot-note should
be added. We have deducted those items as the purchase
money is not revenue, and if included would disturb the
comparison with former and future years.
Deducted—from November, “ O rdinary" 1897-98....................$4,549,308 20

T o t a l 2 6 w eek* * 2 5 4 .7 9 1 ,8 1 6 $ 2 0 5 .0 2 3 ,180 $ 1 9 4 ,1 7 9 ,172!«U 70,738,561

The deduction mentioned in above foot note has been
The following table shows the exports and imports of taken from the 1897-98 disbursements for the same reason
specie at the port of New York for the week ending July 2 that the items mentioned in the previous foot note have b-en
and since January 1, lay8, and for the corresponding periods taken from the revenue. It relates to the Union Pacific
purchase.
In 189? and 1896.
T r e a s u r y C u r r e n c y H o l d i n g s .-— The following compila­
BXFORTS AND OtFOUTS OF 9PK0IB AT NSW YORK.
tion, based on official Government statements indicates the
E x p o rts.
Im p o r ts .
currency holdings of the Treasury on January 1 and July 1
S in c tJ a n . 1. in 1898 and 1897.
W eek.
,S in c e J a n . l .
W te k .
TREASURY NBT HOI,DINGS.

G r e a t B r i t a i n ...........
W e s t I n d i e s ..............

T o ta l 1 8 9 8 ..........
T o ta l 1 8 9 7 ..........
T o ta l 1 8 9 6 ..........

1 0 0 .857
2 0 ,2 9 2
$ 4 ,8 3 4 ,6 8 9
2 » .3 4 5 ,1 2 0
4 2 ,1 2 8 ,7 1 1

$ 3 ,7 5 4 $ 6 8 ,9 3 7 ,7 6 8
1 ,9 1 4 ,799
6 3 ,4 7 7
8 9 ,2 3 4 16 ,5 9 4 ,251

*200
8 ,0 0 0

$ 2 ,1 4 5

4 ,5 0 5 ,3 4 0

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

. . . . __

3 ,6 5 0
..............1

B o o th A m e ric a ........
A ll o th e r c o u n tr ie s .

........

$ 3 3 ,0 1 5 ,7 5 4
1 2 ,7 )6 ,7 6 4
1 9 ,7 9 3 ,2 8 9
2 ,5 3 2 ,6 0 4
$ 2 ,6 2 2
703
57,«54
2 6 1 .914
5 2 9 ,559
369

.......

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

Im p o r ts .

E x p o r t!.
B itve r.
W eek.

S i n c t J a n . 1.

B o n th A m e ric a ........
A ll o th e r o o u n trie s

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

T o ta l 1 8 9 8 ..........
T o ta l 1 8 9 7 ..........
T o ta l 1 8 9 6 ..........

$ 9 2 3 ,9 9 0 $ 2 1 ,7 5 0 ,1 3 3
7 8 3 .0 8 3 23," 0 8 ,1 1 8
3 6 6 ,5 0 0 2 5 ,386,281

G r e a t B r i t a i n ............

W eek.

S in c e J a n . 1.

4 ,3 6 5

$ 1 2 ,0 9 2
23,732
2,070
2 3 3 ,923
6 4 3 ,457
3 8 4 ,709
2 7 ,272

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

$ 1 ,3 2 7 ,2 5 5
1 ,8 9 8 ,875
1 ,3 1 3 ,7 9 1

$505
iis
2 7 ,5 2 8

GOVERNMENT R EV EN U E AND E X P E N D IT U R E S ,— T h r o u g h

Che

courtesy of the Secretary of the Treasury, we are enabled to
place before our readers to-day the details of Government
receipts and disbursements for the month of June. From
previous returns we obtain the figures for previous months
and in that manner complete the statement for the the fiscal
years 1897-98 and 1896 97.
RBCE1PT8 AND DISBURSEMENTS {000 om itted.)
1

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D educted -fro m November, “ M iscellaneous" 1897-98. . . , ,
from December, “ Miscellaneous” 1897-98.
from Jan u ary , “ M iscellaneous" 1897-98,...

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240,137,627 235,474,700 206,657,671
“C hieflydisbursing officers' balances."
B re a d fttn U a

F ig u re *

B ro n g U t

F ro m

Page

8 2 .— T ke

statements below are prepared by us from the figures col­
lected by the New York Produoe Exohange. The receipts at
Western late and river poets for the week ending July 2, and
since Aug. 1, for eaoh of the last three years, have been as
follows:
Receipts a t—

Flour.
Wheat.
Cbm.
Oats.
Barley.
Rye.
BblsAMlbs Bush .6 0 lbs Bush.5QU)s B u sh .m b s BushASlbs Bu.50 lb<.
42 837
Chicago........
24,087 1,625,793 1,380,890
44,250
14,838
25,250
Milwaukee
60,350
120,900
139,000
13,600
6,400
D u lu th ........
04,000
81,947
213,061
7,801
525
3,150
103,600
46.340
1,447
109,890
80,853
92,899
476
6,309
6,944
D e tro it........
2,770
17,952
11,577
2,489
......
11,085
135,656
121,173
8t. L ouis . ..
11,780
168,920
87,Sb 0
123,800
3,750
700
P e o ria ..........
1,000
6,000
182,000
149,000
4,25v
1,200
32,000
Kansas City.
83,000
27,000
.......
500,320 2,506,730 2,076.140
Tot.w k.’98.
168,560
60.375
28.825
Same w k,J97.
242.353 1,528,976 2,566,017 3,168,477
290.358
58,919
Same wk.’90.
184,188 1,942,288 2,009,208 3,023,193
199,136
67,543
Since Aug. 1.
1897-98.......... 10,917,0’0 217,445,7 44 231,700,655 171,045,342 35,498.804 10,642,316
1896-97....... 10,911,790 158,511,081 161,122,015 167,400,731 38,462,495 7,020,592
1896-96...... . 10,282,883 195.837.903 118,805,896! 148,723,94 3 38.V06.247 3,952,633

©• 0d
5 ■©

=8

J a n . 1, '97. J u ly 1, ’97. Jan. 1, '98. J u ly 1, '98.
Holding* in Sub-Treasuries—
3
*
*
f
Net (fold coin uod bullion...........137,310,543 140,790.7313 100,911,547 107,004,410
Net silver coin and bullion........ 18,927,789 31,379,130 13.507,913 11,005,865
Net D. S. T reasury n otes............. 35,045.059 30.0*2,(83
2,904,341
2.541,700
Netl© gal-tender n o te s .............. 84,988,258 83,907,438 40,885,089 34,063,687
5,030.919
Net national bank n o te s............. 14.278.970
6,180,^86
4.770,474
Net fractional silver................. .. 14,215,708 13,210.344 10.079,899 12,097,681
201,341,462 234,135,078 231,549,817
A m ount In n ational b an k s.. . . . . . L0,159,153 17,631,291 49.182,717 38,795.031
27^,072,743 283,318,395 270,889,418
D e d u c t o th e r liabilities,
43.200,108 33,^35,116 47,833,026 64.0S1.877

«s
th.
1
&

1

The receipts of flour and grain at the seaboard ports for the
week ended July 2, 1898, follow:
Flour,
Oats,
Wheat,
Corn,
Rite,
Barley.
Receipt* at—
bush.
bbls.
bush.
bush.
hush.
bush.
New York........
63.088
19.230
29.218
88,801
20,888
208
8.742
9),000

B o sto n .............
M o n tre a l..........
Philadelphia ...
B altim o re .........
R ic h m o n d ......
New O rleans*..
N ewport News.
Norfolk........... .
G a lv esto n ........

b
j
S*
3
»
CT
g
p*
fea'
•«

S’
&
1

© ©X
©*»W'
•m o
$18,194,018 26
81.716,884 14
8,538,<401 35

Received from Union Pacific Railroad purchase 1807*98., .
.Deducted from March “ Miscellaneous" 1897-98.
’ i* $58,44 8,223 75
R ec eiv ed fro m K an?*- P acific Ry. p u rc h a s e 1097-98.*’! ! ......... f
$3,051,500
Bcdnctod from April “ Miscellaneous" 1897-98,., , , ,
*i
$2,051,500
Received from Kansa* Pacific Ry. purchase, 1897-90 ’ ! ’ ...... \

188.079

820.750 1,080,300
124,153
114,003
62,423
147.175
388.787
55.000
21,190
£.300
00,400
»0,885
177,000
27.000
76,' 00
1,000
' l l ',000

38.549 1,206,517
5,303
31,008

62,190
6,112

11,500
17,000

T otal w eek......... 271,741

W eek 1897 .................

1

035,475

918,274 2.911,805 1,511,400

289,531 1,050,609 2,254,392 1,599,701

47,500

08,275

’ 32,753

4,588
3,525

70 390

80,553

192,300

44,805

* Receipts d* n o t include grain passing th ro u g h New O rleans fo r fo re ig n
ports on through bills of lading.

Total receipts at ports from Jan. 1 to July 2 compare as
follows for four years:
Receipts of—
Flour ....................b b ls

W heat...........
C o rn ...............
Oats
Barley............
Rye................
Total g ra in ...

1898,
0,418,118

1897.
8.085,315

..b u s h . 54,540.787

21,409.612
90.U29.0OO
38,848,604
0,412,715
4,233.540

..
..

..
..

**
“
«

117,994.002

53,100,316
2,896,1QS
8,253,243

230,790,1.55

105,828,937

1899.
9,117,781

1896.
7,888,180

16,110,480
19.1Y8,445
19,231,871
1,416,199
176,890
96,285,139

65,001,28 6

The exports from the several seaboard ports for ‘he week
ending July 2, 18A8, are shown in the annexed statement:

Wheat,
Corn1
Exports fro m — bush.
bush.
New York...... 2,149.675 384,630
Boston............ 247,322 187,670
P o rtla n d ....................
........
Philadelphia..............
177.143
Baltimore —
95,979 399, 7h0
New O rleans..
139,347 328.354
N o rfo lk .,.....................
75.000
Newo’r t News ..............
177.000
M ontreal ....... 224,261 1,036,920
Galveston. ...
21,330 . . . ______

Flour,
bbls.
66,890
30,272
............
34,883
13,703
3,583
............
91,000
83,003
1,143

Oata,
bush.
508.084
269,450
221.438
132,600
20,000

Rye,
bush.
210,184

20,944

0,787

08,074

Peas,

25,714

Bariev
82,788
.... . . . .

27,000

Total w eek..2.877,807 2,765,409 ~~981,202 1.278.881
Same tim e '97.1,389,185 2,262,077 215,038 1,570,250

242>,085
09,215

89,018
115,709

32'730
177.699

The destination of these exports for the week and sin e
September 1, 1897, is as below.

-F lo u rr S T T W heat.------ , ,-----------Corn.--------- ,
Exports fo r
Week Since Sept,
Week Since Sept.
Week Since Sept.
week and since J u ly 8.
1,1897. J td y 2. 1,1897.
J u ly 2.
1,1897.
Sept. 1 t o bbls.
bbls.
bUSh.
bush.
bush.
bush.
United Kingdom 222.182 ^*707.24 1 2.102.^30
01,508,778
1,402,041
m
mmmm ■
__
1,789,500
C ontinent............ 32,770 1,820,180
084,971 49,901.487 1.327,494 90,022.-07
3. «fc C. A m erica.
9,361
830,733
868,897
147,701
1,614
W est Indies. . .. .
12,700
895,665
17,44 4 1,419,811
1.375
Br. N. Am. Colo’s
3,551
225,808
2,700
7.923
429,884
Dther countries..
026
278,760
940.682
8,883 1,270,207
T otal
------ 281,202 12,269,950 2,877,607 113,322,913 2,705,409175/79,999
Total 1800-7........ 215,088 10,212,210 1,389,185 62,011,002 2 202,077 160,954,76

THE CHRONICLE,

J uly 9, 1898. i

59

The visible supply of grain, comprising the stocks in week ending July 3, based on averages of the daily results
granary at the principal points of accumulation at lake and We omit two ciphers (00) in all cases
’
seaboard ports, July 2, 1898, was as follows:
Oats
bush.
711.000
74.000
80,000
1,310,000

Rye.
bush.
03,000

Bariei,

283.000

Com,
bush.
1,905.000
95,000
225,000
1,400,000

177,000

187.000

576,000

8,500.000

494,000

207.000

13.010

*4,000

11.000

2.410.OOC

04.666

02.000

34,00'

Wheat,
bush.
2,9-3,000

J n store at—
Buffalo........................
Do
afloat........
C hicago...
........ .
Do
afloat........

Do
aflo at........
D u lu th ...................... 3,042,000
Dj
a f l o a t .......
02,000
Toledo
Do
afloat........
D e tro it........................
19,000
St. Louis................
Do
afloat........
C incinnati..................

18,000

19,000
22.000
T oronto ......................
M ontreal....................
114,000
19,One
P hiladelphia.............
P e o r ia ..................... .
1.000
In d ia n a p o lis ............
2,000
Kansas C ity...............
185.000
B altim ore............ .... . lH.OOO
M inneapolis.............. 6.308,000
On Mississippi River
On Lakes...................
8'>0.000
On canal and river. .
50,000
T otal Ju ly 2. IS98.14.700.C00
Total Ju n e o5,l898 17.225.000
T otal .July 3. 1897. 17,583 000
T otal Ju ly 4. 1H96.47 19-1.000
T otal J u ly 0. 1895 43.359, W*

2,000

794.000

82,000

15,000

113.000

5,000

13,000

252,000

1<6,066

1,000

10,000
163.000
3.000
1.11R.OOO
2 3 000
190,000
22.000
14,000
252.000
lo7.000

4.666

8,000
130.000
34,000

640,000
048,000

1C0.OOO
78,000

20,00<
g'.n'iy
20,000

0,188,000
7,fl0'\000
8.213.000
8.548.000
0 286.000

922,000
1.017,000
2.250,000
1,40',000
143.000

330.000
3*16,000
1,157,000
813,000
70,000

179.666
204,000
989,000
196,000
54,000
70.000
2,201,000
098.000
105.00)
1,100.000
940.000
22 574,000
22,4 24.000
15.997.000
9.10J.000
7.811.000

13,000

l.OOf
30.0 0

1.000

3,000

New York City Clearing House Banks.—Statement of con­
dition for the week ending July 2, based on averages of
daily results. We omit two ciphers (00) in all cases.
Ba sk s.

O a p u a l 8 u r p l'g

B ank of N ew Y ork .. $2,000,,0 $1,901,1
M an h attan Co........... 2,050,,0 2,159,3
M erchan ts’ .............. 2,000 ,0 1,065.4
M echanics’ . . . . . . __ 2,000 0 2,048.9
A m erica ................... 1.500, 0 2,590.1
P h e n ix ........................ 1,000,
250.5
1,000,
3,957,4
C ity ......... .......
122,1
750,
T radesm en’s . .
300,
C h em ical.........
6,951,8
M erchants’ E x ch ’ge
800,
189,9
1,676,6
G a lla tin ...................... 1,000,
B u tc h ers’& Drov’rs’
128.1
300,
M eohanics’A T ra d 's'
181,6
400
170.0
200
G reen w l.h ...............
L eather M annfac’rg ’
600
495.0
S ev en th . .................
100.4
300,
S ta te of N ew Y ork.. 1,200,
525.8
A m erican E xch an g e 5.000
2.457.0
C om m erce. . . . .
3.713.7
5.000
1.608.0
B roadw ay ........ ........ 1.000
1.023.2
M e rc a n tile ................ 1,000.
Pacific ....................
484.0
422,
B e p n b llc .................. . 1,500
842.7
C hatham ..................
977.2
450,
People’s ................
253.9
200
N o rth A m erica........
658.9
700,
H a n o v e r.................... 1,000, 2.252.4
Irv in g .......................
366.8
500,
383,7
C ltisens*...................
600,
269.6
N a ssau .....................
500,
M arket A F u lto n ...
1.026.4
900,
Shoe A L e a th e r....... 1,000,
158.7
Corn Exchange.
1.302.8
1,000,
C ontinental....... .
679.4
1,000
O riental ........... .
405.7
300
Im p o rte rs’* T rad ’rs 1.500,
5,648,7
P a rk ..............
3.266.4
2.000,
154.1
E a*t R iver ....
250,
F o u rth , ...........
2.085.2
3,200
C entral ...........
500.9
1,000
S e c o n d ..............
716.0
300,
N in th ................
287.7
750,
F i r s t ....... .........
7.516.1
500
02,7
N . Y. N a t’l E x c h ’ge.
300
020.9
B ow err........................
250
420.0
N ew York C o u n ty ..
200,
G erm an A m erican ..
294.3
750,
A n a ........................ . 1.000
1.085.1
F ifth A venue............
1,150,0
100
581.9
German E x o h an g e..
200
G e rm a n ia ..................
737.5
200,
U n an I n ......................
715.1
300,
G a rfie ld .....................
838.6
200
F ifth .............................
321.5
200
B ank of th e M etrop.
«45,6
300
W est Side..................
847.2
200
S eaboard ...................
854.1
500
S ix th ..........................
850.7
200
W e s te rn ...................
696.6
1.000
F ir s t N at. B’k ly n ...
073.2
300
N a t. Union B a n k ... 1,200.
862.3
L ib e r ty ............ ..........
317.9
500,
328.4
N. Y. Prod. E xoh’ge. 1,000,
Bk.of N. A m sterdam
279.7
250,

L o a n s . \ S p ecie.

L e g a le . D e p o s it.

$15,230, 0 $2,410,0 $1,270,.0 $15,220,0
13.399,.0, 0,109.0
2.301 " 18,841 J
18.490,4
14.939 7 4.212,8
1.007
9,737, 0 2.489,0
10.051.0
1.081
24.310.2
21.807, 9 4,794,2
1.011
3.906.0
642,0
4,225 0
277,
57,689, 2 39,4 74,6
3,105,
95.320.2
3,039, 01 740,2
3,131*2
335
2;.336
2,512
9.506.0
28.033.1
1.194.8
4,702
512
5.638.9
7,531,
0,801-0
1,333.7
1.172.
l , 02o.
92
330.8
1.207-6
821,0
1,903,
278
2.212.9
104.9
860,
8 0 l.f
178,
4.341,
l.* 0 8 ,0
5.480.1
460
2.242.0
437.5
1,886,
130.
3.084.4
3, 98,
550.5
307
26,404
3.103.0
3,762. 22.439,^
20,287
2.3 »0,6 3.433.
22.111.2
1.095.9
6,783,
237.
0,909,9
10,133,
1.991.9
1,127.
11,321.®
3.273.0
953.0
2,201,
427.'
21,382,8
5,018.6
18.376,
687,
801.4
0,105,
0.180,8
879.
2.654.8
863.4
1.000,
017,
2,181,2
10,505,
12.503.7
1,048,
8.591.4
27,514,
30.625.0
2,300,
3.704.0
3,389,
620
000,9
2.875.8
2,630,
172.
499.0
3.080.8
280,2
2,460,
481.
0,182.0
5.464,
1.545.4
509,
4.080.9
730.5
8,059.
319.
10,040,
12.118.3
1.940.0
1,461
7.121.3
5,797,
402
1.644.0
1.830.0
1,758,
240.4
403
24.780.0
23.584,
1.299,
0,046.0
50.745.0
2.078.
38.400. 14,014.0
1.328.1
290.0
1,254,
180,
25.235.0
2.971.3
23.393,
3,871
13.942.0
9,803.
3.585.0
1,105
0.469,0
1.185.0
5,416,
038.
3,758.0
222 ,,a
1.259.4
2.806,
9.044.9
27,320,
1,092 ,9 29,988.8
1,331,
119 * 1.205.4
109.5
3.520.0
634.8
2,910,
443
3.854.5
034.0
3,209.
317,
2.812.7
308.4
2,855,
841,
30.750.0
21,925, 12,494.9
6,055
8.893.1
1.481.1
7,779,
826
3.118.3
109.2
2,140
703
4.380.5
552.0
632,
3,288
7.070.8
0,179
334,
1.765.5
0,444.1
1.231.4
6,391,
411
1.900.0
8 s.
374.5
1.740.
0,619.0
820.
4.246.
2.292.3
2.425.0
2,322,
356,
232.0
9.519.0
1,323,
1,353.0
7,077,
1.575.0
103
390.0
1,700,
32.081.1
20.520,
2,425
0,648.9
0.080,0
6.104,
1,478
787.3
13,204,0
12,492,
421.
2.727.3
3.052.0
272,i
050,2
3,294,
8.517.2
3.740,
225.
872.4
3.198.9
108.
2,891,
600.9

Capi­
tal.

BANKS.
(00s om itted.)
N e w Y o r k Ci t y .

A stor P la c e............
C olonial.........
C olum bia................
E leventh W ard __
F o u rteen th S tree t.
F ran k lin N ational.
G a n se v o o rt............
H am ilton___
H ide A L eath. N at.
Home. ............... .
H udson R iv e r.......
M ount M orris.......
M u tu al.....................
N ineteenth W ard.
P la z a .......................
R iverside.................
S ta te .........................
Tw elfth W a rd .......
T w enty-third W ’d.
Union S q u a re .......
Y orkville .............
A stor N a t’l B ank.

250.0 309.5
100.0 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
100.0
84.9
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 46.0
200.0 287,6
10 0,0 126.1
300.0
2,1

2,435,6
738,8
1.703.0
1.158.0
729.0
475, «>
668.7
1,201.2
2.040.0
456.4
1.131.0
1.299.5
954.2
659.2
97(>,0
739.1
1.305.0
1.106.1
691.8
1.730.0
1.017.8
1,163,2

Bedford...................
B roadw ay..............
B rooklyn................
E ighth W a rd .......
F ifth A v enue.......
F u lto n ....................
K ings C ounty.......
M anafact’r s ’ N a t’l
M echanics...............
Mech’s* A T rad r’s’
N assau N a tio n a l..
N ational C ity.........
N orth Side............ .
People’s ...................
Q ueens Co. (L.I.C.)
S c h e rm e rh o rn ..
S eventeenth W ard
Sprague N ational.
T w enty-sixth W’d.
U nion...
....... .
W allabout............. .

150.0 115.3
100.0 108,9
300.0 160,2
30.1
100.0
100.0
53,3
200,0 171.5
150.0 61,6
252.0 411.2
500.0 397.8
100.0 189.1
300.0 571.9
300.0 554.9
100.0 109,8
100,0 105.4
100,0 122.3
100,0 58.2
100,0 68.8
200,0 214.2
100,0 52.1
100,0 45,8
100,0 28.2

1.017.1
1.250.1
1.299.8
286.9
524.3
812,6
018,8
2.024.6
2.395.5
812.1
3.969.0
2.250.0
700,2
065.4
1.606.5
511.6
405,8
1.020.7
371.5
284.7
492,4

B rooklyn.

O t h e r Ci t i e s .

1st N a t., J e r. City
H ud. Co. N at. J . C.
2d N at., J e r. C ity ..
3d N a t , J e r. C ity ..
1st N at., H oboken.
2d N at.. H oookeii.
Bank or S ta te n Is l.
1st N a t.,S ta te n Isl.

Ba n k s .

UapMaldt
Surplus.

N. Y .'
J u n e 11. 134,664,(3
“ 18. 134.804.0
“ 26. 134.064.0
J uly 2. 134,004,0
B oa.*
J a n e 18. 08,587.3
“ 25. 08.587,3
J u ly 2
08,587,3
Pb Hr . 1
J u n e 18. 36,388.0
- 25. 35,388,0
Ju ly 2. 38,388,0

Loans.

Specie.

Lefals.

810,782.5
010.330.5
012.599.1
020,983,8

$
1791823
1829055
1841069
1800702

$
55,711,5
59,111.4
02.480.3
03,402,0

175.823.0 15.701,0
178,187.0 15.980.0
180,801,0 15,053.0
111,851,0
112,259.0
113,443,0

724,310,8
730.970.4
737,547.8
750,074,0

0,289,0 188,508.0
5,080.0 187,787.0
5,405,0 191,403,0

41,202,0
39,944,0
39,900.0

127,401,0
125.933.0
128,520,0

400.0 742,5 3.779,4 113,0 239,9 439,6
250.0 516,9 1.962.3 121,8 74.1 210,0
250.0 380,3 1,514,0 57.5 59,6 309.4
35.0 84.2 131,0
834,1
200.0 179,0
110,0 402,2 1.569.4 104,8 30.3 119.5
125.0 85,6 088,0 33,3 32.5 62,0
25,0 43.3 375,7 18.0 22.5 85.9
17.6 29,1 89,7
490,4
100.0 07.4

912,6 4,828.3
253,5 1,979,9
1,400,8
806.9
37,"i
140.8 1,405,6
770,2
107.8
453.9
478,5

Auction Sales.—Among other securities the following, no
regularly dealt in at the Board, were recently sold at auction.
By Messrs. R. Y. Harnett & Co:
B onds.
$ 1 ,0 0 0 A m s te rd a m E leo. L ig h t H e a t & P o w e r Co. 1 s t 5s, 1 9 3 7 ...$ 5 5

By Messrs. Adrian H. Muller & Son :
S hares.
25 O r ie n ta l B a n k .................... 145
5 U n io n T r u s t C o ................. 1036
10 C h a th a m N a t’l B a n k ___295
14 M a n h a tta n Co. B a n k . . . 2 2 2 ^ 2
2 8 F a r m e r s ’ L o a n & T r . Co .934
10 W e ste rn N a t’i B a n k ___1 5 6 ^
25 M a n h a tta n L ife In s . Co 3 80
5 0 M ec h a n ic s’ & T ra d ’r s ’B ’k l l 4
g a u k i u q

S h a re s.
1 ,0 0 0 L i ttle F a lls & D olgeviH e R R . Co........................ $ 1 0 0 lo t
B o n d s.
$ 7 5 ,0 0 0 L ittle F a lls & D olgev ille R R . Co. 1 s t 6 s............... 35
$ 7 5 ,0 0 0 L ittle F a lls & D olgev ilie R R . Co. 2 d 6 s ............... 10

a n d

f i n a n c i a l .

JAM ES MACNAUGHTAN, P rest.

DAVID H. BATES, V ice-Prest

S t a t e m e n t o f t h e C o n d it io n o f
T H E

T R A D E S M E N 'S

N A T IO N A L

B A N K

OF-THE CITY OF NEW YORK
A t t h e C o m m en cem en t o f B u siness J u l y 1 st , 1898.
L ia b ilitie s .
R esources.
L o a n s a n d d is c o u n ts .$ 2 ,6 7 7 ,8 5 6 01 C a p ita l s to c k ............. $ 7 5 0 ,0 0 0
S u rp lu s . . . $ 8 0 ,0 0 0 )
G o v e rn m e n t bonds
>■ 142,984
( p a r v a lu e ) ..............
200,000 00 U n d iv id e d
p ro f its ... 6 2 ,984 )
O th e r s to c k s & b o n d s
17 0 ,9 7 9 87
C
o
n
tin
g
e
n
t
a
c
c
o
u
n
t.
1,001
F u r n i t u r e & fix tu r e s
1 6 ,9 6 0 04
696
R e a l e s t a t e .................
5,2 5 0 0 0 D iv id e n d s u n p a i d . ..
T
a
x
f
u
n
d
......................
8,251
D u e fro m b a n k s . . . .
4 7 0 ,6 8 8 97
1 80.000
C a s h ............................... 1 ,2 5 8 ,6 5 8 08 C ir c u la tio n .................
D e p o s its ....................... 3,71 7 ,4 5 8

00
78
57
40
99
00
23

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

$ 4 ,8 0 0 ,3 9 2 97

C O M PA R IS O N S J U L Y 1 st .
1898.
S u r p lu s & u n d i- 1895.
1896.
1897.
v id e d p r o f its ..$ 2 9 ,7 5 3 37 . $ 8 6 , 0 7 1 5 7 .$ 1 1 ^ 0 8 1 ? 0 $ 1 4 2 ,9 8 4 78
D e p o s its ____ .2 ,0 1 9 ,4 4 9 4 4 2 ,2 1 4 ,5 3 4 29 3 ,0 7 3 ,7 3 2 1 6 3 ,7 1 7 ,4 5 8 23
D iv id e n d , 4 p . c. p e r a n n u m .
JA M E S W. C LA W SO N , C a sh ier.

Spencer Trask & Co.,

Deposits.-* OircTn.
14.7*19,3
14,086.7
14,000.4
14,859,8

$
$
214,9 45.2 279.8 155,0 2.775.8
18.9 53.7 174.9
902.7
128.0 108,0 170.0 152,0 1.920.0
52,4 55.8 445.9
1,641,6
31.0 92.0 157.7
923.7
85.0 20.0 12 0.0
490.0
31.0 39.9 15.4
68,7
529,9
58.9 08,5 54.5
1.220.5
285.8 121,7 200.3
1.040.1
91.9
32.2 98.1
10,7
570.8
31.0 72.0 187.0
1.145.0
64,3 71.1 34.5 160,0 1.654.9
19.2 81.7 92.1
1,8
852.3
21.3 73.3 106.4
9
745.5
31.7 03.2 259.3
1.143.0
12.4 30.0 65,4
701.8
02.0 31.0 82,0 127,0 1.478.0
25.3 85.9 102.5 137,8 1.448.8
22.7 05.4 29.3 45.5
757.3
123.9 106,9 521.4
2.413.6
121,5 61.0 131.0
56.6 1.168.0
202,1 200,0 106.7
1.211,4
20.4 65.2 123.2
85.0 1.130.0
20.3 132.1 210.9
1.459.9
83.8 37.8 352.2 42.0 1.500.1
14.3 19.0 44.1
2,0
245.1
27.3 25.1 65.3
25,3
491.8
58.2 36.9 174.1
765.6
44.1 30.8 111.1
021.7
237,3 562.1 519.3
2.582.0
80.3 99.1 159.9
2.259.6
54.9 43.2 181,0
71,6
950.8
318.0 253.0 951.0
70,0 4.772.0
204.0 369.0 434.0 241,0 3.018.0
50.1 76.3 512.6 1.249.1
12.1
44.1 28.1
78.4
38,2
730.0
150.2 197,4 322.9 123,3 2,206,8
23.0 14.3 132.5
531.0
6,9 30.8 7d,6
347.4
100.3 13.5 360.0
11,0 1,040,0
14.2 14.0 02.4
5,0
377.7
7,3 16.0 30.7 41,0
240.0
13.0 37.3 79.8 40,4
534.7

T otals J u ly 2 ... Q.012,0 8.472.7 59,0053 3 ,8 0 0 ,9 4,299-5 9 , 487,6 7 ,6 8 9 3 66 , 623,4
18 4 ,>430,9 66 , 899 ,
Totals J u n f 25... 9 ,0 1 2 ,0 8.472.7 5 8 , 9 7 9 / 7,7S3-3 4 .2 8 2 .9 9 , 1 0 5 ,8
Totals J u n e 18... 0 ,0 1 2 .0 8,4-12.7 59 QI5,6 1 . 8 7 6 .1 4 .2 4 6 .9 9,237,5 4 .0 1 3 ,0 6 7 . 040 ,

T o ta l........................ 59.022.7 75,041.9 020.983,8 1800702 63,402,0 750.074,

New York City, Boston and P h ilad elp h ia Banks.—Below
we furnish a summary of the weekly returns of the ClearingHouse Banks of New York City, Boston and Philadelphia.
The New York figares do not include results for the nonmember banks.

Deposit, with
Loan*&
Lea1 1.
et
Sur­ Invest­ Specie. <ScB’k Olear'g Other N
De­
plus. ments.
Notes. Agent. Bks.&c posits.

$

747.874.0
763.433.2
055.289.9
820.863.0

0.320,0 94.300.0
0,305.0 92.636.0
0,809,0 116.003.0
5,911,0 72.003.1
5,900,0 06.013.6
5,915,0 84.012.6

Reports of Non-Member Banks.—The following is the
statement of condition of the non-member banks for the

BANKERS,
*T *

2 9 P IN K

ST R E E T ,

.

.

.

N EW

TO R S"

6 5 State Street, A lb a n y .

INVESTMENT SECURITIES._________
yaoE U B B a r c l a y M o f f a t .

Mo

ffat

A l h x a n d b b M.

& W

Whitb, JB

hite

,

BANKERS,
N o.l NASSAC STREET,

.

.

.

NEW TOBK.

INVESTMENT SECURITIES

THE CHRONICLE.

60 s

cables. 4 i-Gdi 86*1; prime commercial, sixty days, 4 84
@4 84*,'; documentary commercial, sixty days, 4 83'4(g4 88^4;
grain for payment. 4 84(44 84hi; cotton for payment, 4 84(d)
4 8414 ; cotton for acceptance, 4 83ll®4 88?.$.
Posted rates of leading bankers follow:

B an k ers’ (fiasettc.
U m D K N D H .
F er
C ent.

N a m e o f O o m p a n y,
H n llr o k ,f lw ( s t e a m . )
A tla n ta
fft'M P o i n t .* . . ............
A u v iu ta A h a v tm n n b .....................
B e l t R K . A M e e k Y d « .,l» d ., com

**

**

‘‘

prf. («|U.)

Wht-i i
P a yable.

J u ly
J u ly
2*% > J u ly
1h >
A ug,
A n (.
1
J u ly
2*
J u ly
3
J u ly
3^
J u ly
3
3

[Voi. LXMl.

B ooks clo sed.
(D a y s in c lu s iv e ./

_______ to _________
—
1 to J u ly l
6 J u ly
________ .
_______
1
1*
1 J u l y 16 to J u ly 31
1 J u l y 10 t o J u ly 21
15 J u ly 2 to J u ly 11
15 -----------to J u ly 10
to — *-----1 - ——
1 J u n e 2 2 to J u l y 1

B u rl. C e d a r B an td * A N o r . . . . ___
C e u tfu l RH. o f X . .1.
...........
G e o rg ia KH, A B u n k in g (q u a r ).
M in e H ill as S c h u y lk ill H u v o n ,
W r l g h u r . A Tom iUlc* o u j.A p re f,
V e rm o n t V a lle y o f 1 8 7 1 ,___. . . . .
s tr e e t H a lU v a y n .
2 5*j J u l r 15 J u l y 1 0 to J u ly 15
B ro o k ly n C ity UK (q u a r.)....... .
1 J u n e 18 to J u n e 21
J u ly
O in d in ia U S tr e e t B y. (q m tr.)___
IH
c l o v d « n d C ity Ry i q u u r , ) . . . ___
\ J u ly 9: J u lv 2 to J u ly 10
C love la n d E le c tric Hy. (q u a r ) ...
% J uly 5 J u n o 2S to J u ly 5
H e s to u v . M ali. A F a ir, fa#** R y .,
■’ i Ju*y
1 J u n e 23 to J u n e 30
P h U a d c lp h lu , c o m ........................
"
p r o f . . . . ...................
3 3
L in d e n R y .. S t. B o n is ( q u a r . ) __
3
0
J u n o 2 0 to J u n e 20
I
J
u
n
o
Itl
Mi as ouxi KK., S t. L o u is ( q u a r .) ..
lb l [J u n e 3 0 Mine 21 to J u n e 30
J u ly
S o u th e rn E lec. R y ., St.. L. p r o f ...
1;J u n e 2 6 t o J u ly 1
3
0
U n ite d T r a c tio n . P itts b u r g , p re f.
July 5 J u ly 0 t o J u ly 9
W a te r b u r y (C o n n .) T r a c t io n (qr.)
1
jJ u n e 3 0 -----------to -------------B anks.
B ro iu lw a y (B ro o k ly n ).....................
•Tuiy
4
F i r s t N a tio n a l ( q u a r ) . . . . ............
'J u ly
25
F i r s t N a tio n a l (B ro o k ly n )............
J u ly
8
M a n u fa c tu re r* * N a t’l (B ro o k ly n )
4
1 -----------t o ------------;J u ly
J u ly
N o rth Sid© (B ro o k ly n )...................
3
1 -----------to ------------J u ly
1 J u n e 2 6 to J u n e 30
R iv e rs id e ( q u a r .) .....................
1^
T w e lfth \\ a i d ............. .......................
9 'J u ly
1 to J u ly 10
3
J u ly
J u ly
1 J u n o 25 to J u l y 5
M e c h a n ic s' (B ro o k ly n )...................
5
T r u itt « o in p a m e * .
M n n h a tt a n . . ........................................ i
2*a J u ly
1 1June 3 t o J u n e 30
U n io n ( q u a r . ) . . . ..............................
8
J u ly 10 J u ly
6 to J u ly 9
F ire in s u ra n c e .
C itiz e n s ’ ................................................
>O n d em .
4
to
H a n o v e r . . . . .......... .......... .................. j 5
O n dem .
to
U n ite d S t a t e s ..................... *..............
4
O n d em .
to
J Il* c * * lla n o m iw .
A m e ric a n S te e l A- W ire p re f.(q r.)
1 J u ly 1 0 to A ug.
1*1 A ug.
B o u rb o n S to c k Y a r d s .....................
2b*
to
C h ic a g o T e le p h o n e (m o n th ly )___i 1
Tuly
5 J u ly
1 to J u l y ft
C lu c in n a ti G a s (q u a r .) ................... .
2^3 lJ u n e 3 0 J u n e 22 t o J u n e 30
C o n s K .C\ Sm elt.A r R efg p rf .(q r .)
1 t o ----------1 34 IJ u ly 15 J u ly
F la t- T o p C o a l L a n d A ss. p rf .(q r .)
[Aug.
1
Li-------- — to —-------H a r tf o r d C ity G a s -L ig h t..............
J u n e 30 — ------ to ------- -----L o u is v ille G a s . ...............................
J u ly 11 J u ly 3 to J u ly 11
M a d is o n (Whs.) G a s & E l e o tr io ..! 2
J n iy 2 0 J u l y 10 to J u ly 20
N . Y . A N. J . T e le p . ( q u a r .) . . . . . . f
J u ly 1 5 ----- — t o -----------P u llm a n ’s P a la c e G ar (q u a r.)___
•*
“
(e x tra ).* . . . . •25 } 'A u g . 15 A ug. 2 to A u g . 15
S ta n d a r d U n d e rg i ’n d C ab le ( q r ,) ! 1 *2 J u l y T l iJ u lv 5 to J u ly 11
S tr e e ts ' W. Stabb* C a r L in e c o m ..;
*3 J u ly 2 5 'j u l y 1ft to J u ly 21
U n ite d S ta t » R u b b e r p re f. (qr.).l 2
J illy 3 0 J u l y 10 to J u ly 31

J u ly 8

j

S ix ty d a y s.

D em and.

P rim e lu m b e r* ' S te rlin g b ills o n L o n d o n . 1 4 85 « 4 85 V
P rim e c o m m e r c ia l.................. ......................... ] 4 84sl>* 8-1U
D o c u m e n ta r y c o m m e r c ia l ....... .......... .
4 8 3 ^ $ 4 83*4
P a ris bHubfvft* (fra u c B )...................................| 5 20&R&19 *>Mi 5
4 0 % & 4 0 a tA j
F r a n k f o r t o r B re m e n { releiu u a rk s) b ’k e r s 94^4 «>94'3, g

4 80V .T 4 87
1 8 t i ; c :a i 8 %
405,5 @4«3g
9 :0 ,5 3 .9 5 %

The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying ?jj discount, selling p a r : Charleston buying 1-16
discount, selling 110 premium; New Orleans, bank, $1 00
premium, commercial, 25c. per $1,001 premium; Chicago,
20c. per $1,040 ditcount: St. Louis, 20o. per $1,000 premium.
United States Bonds.—Sales of Government bouds at the
Board include $14 0 0 4s, coup., 1907, at 110J$ to 111; $3,000
4s. reg., 1907, at 1lO'q; $8,000 4s, coup., 1925, at, 125, and $38,000 Gs, coup , at 112;', to 112$$. Sties of the new 3s, “ when
issued,” have been made this week at about 10254'.
The following are the daily closing quotations : for yearly
range see seventh page fo'lowing.
In te r e s t
P e rio d s.
28, . . .
.......... ..re g .
4s, 1 0 0 7 .......... ..r e g .
4s. 10U 7.......... co u p .
4a, 1 9 2 5 .......... - re g .
4.8,1 9 2 5 .......... .ooup.
58, 1 9 0 4 .......... -.re g .
5a, 1 9 0 4 .......... co u p .
6s, e u r’c>y,'99. . -reg .
4s, (Olier.) 1 8 9 9 .re g .

Q. -M oll,
(5 .-J a u .
Q. - J a n .
Q .- F e b .
Q .- F e b .
<5.-F e b .
Q .- F e b .
J. A J.
M arch..

J u ly
.

2

K-t

J u ly
4

Q

J u ly
5

J u ly
6.

J u ly
n.

J u ly
8.

* 95
110
"110*3
*124
*124
* 112*3
112 %
*1011.2
*10 1

* 95
*110
11034
-124%
*1243-4
*112%
- I I S ’s
• to ils
*101

* 95
no%
*11013
-1241.1
*124*4
* 1 1 2 13
*11219
n o ilg
*101

* 95
*1101,1
*11 Oh:
* 1 24H
125
112^3
*11213
*10119
*101

'"T his is tile p ric e b id an f i e m ira m s r b o a r d ; no **(.?. w a s m a d s.

State & Railroad Bonds.—Sales of State bonds at the
Board include $35,000 Tennessee settlement 3s at 91 to 91
$28,000 Virginia fund debt 3-8s of 1991 at 71; $ 1,000 Louisiana
con. 4s at BUS, and $1,000 District of Columbia 3s at 110.
The market for railway bonds has been relatively steady,
on a volume of business limited to a little more than $2,000,000, par value, per day, and was somewhat better distrib­
uted than has usually been the case of late. Although the
undertone was strong, there was not a sufficient demand to
cause a general advance, and in the active list changes are
about evenly divided <etween higher and lower quotations.
Kings County Elevated Ists and New York Susquehanna &
Western general 5s were conspicuous for an advance of 8>^
W A L L H T U K K T , F R I D A Y . J U L Y N. 1 S 9 S . - 5 P . M ,
and 2 points respectively. St. Louis & Iron Mountain 5s
The Money M arket and Financial Situation. —There wag and Texas & Pacific lets advanced over a point.
a sharp advance in prices at the opening of the Stock Ex­
Stock and Bond Sales.—The following shows the volume
change on Tuesday morning, immediately following the holi­
day period. This advance brought out more liberal offerings, of business in stocks and bonds on the New York Stock
which in turn were followed by a gradual decline that con Exehange for the past week and since January 1.
S ales
.— W e e k e n d in g J u l y 8 — . .-------- J a n . 1 to J u l y 8 --------->
tinued through Wednesday. As the week advanced, how­
. Slo ck E xeh.
1898.
1897.
1898,
1897.
ever, there was a change in the tone of the markets It GN o.Xv ern
iu en lb o n d B
$ 0 2 ,0 0 0
$ 2 3 ,0 0 0
$ 4 ,0 5 7 ,0 0 0
$ 7 ,4 5 0 ,2 5 0
became apparent that investors generally believe that Span- S ta te b o n d s............
70,0 0 0
74,0 0 0
8 0 2 ,0 0 0
0 4 1 ,0 0 0
8 ,1 0 0 ,0 0 0
S,0>2,500
8 0 9 ,6 2 8 ,4 1 0
2 1 2 ,6 8 3 ,4 0 0
ish-American affairs are nearing a cri-is, and therefore se- R R . & tnlso. bo n d s.
urity valnes are likely to enhance. Other factors are largely
T o ta l.................. $ 3 ,3 2 8 ,0 0 0
$ 0 ,1 7 0 ,5 0 0
$ 4 0 4 ,4 7 8 ,0 1 0 -$ 2 2 1 ,0 7 4 ,7 4 0
s h a re s
9 1 2 ,7 7 3
8 0 8 ,6 6 2
5 3 ,7 2 6 ,4 2 3
2 5 ,8 1 0 ,9 9 0
lost sight of in vie wot the interest which is manifested in mili­ S tocks—No.
l u e . . . . $ 8 7 ,1 3 8 ,5 5 0
$ 7 6 ,7 7 2 ,8 5 0 $ 3 ,1 8 3 ,1 9 1 ,0 7 5 $ 2 ,4 7 8 ,0 2 1 ,5 5 0
tary and naval operations. On Thursday and to day there B an kPsuhra rev as ,p
a r v al.
500
$ 1 ,0 0 0
$ 1 0 3 ,2 2 5
$ 1 5 9 ,5 1 0
has been a g:od demand for high-grade investment shares at
We add the following record of the transactions for each
advancing prices. Business in the foreign exehange market day of the week.
has been n-ar the minimum in volume, as the demand inci­
Week c u ttin g ,---------- S locks-----------. R a ilr o a d , die. S ta te
U. S.
dent to the July 1st settlements seems to be about over.
P a r v a lu e .
B onds.
S h a res.
J u l y 8,1898*!
Bonds
B o nds.
The open market rates for call loans on the Stock Exchange
M onday....... . ...
during the week on stock and bond collaterals have ranged Tuesday...............
0 5,718
$29,019,850
$2,4 70,500
o.i'00
$38,000
from 1ht to 2 per cent. To-day’s rates on call were 1 M to 2 W ednesday......... 170.091
10,265,850
10.000
1.762,500
14,000
199,544
19.291,800
29.000
h u r s d a y .........
2.291.000
2,000
per cent. Prime commercial paper is quoted at 3lj to 4 per cent. TFriday...................
21.954,150
1.660.000
937,420
25.000
8,000
The Bank of England weekly statement on Thursday
912,773 $87,133,550
$8,190,000
T o tal..............
70,000
$62,000
snowed a decrease in bullion of £1,431,555, and the percentage
of reserve to liabilities was 46 39, against 48 69 laBt week; the
The sales in Boston and Philadelphia for the week ending
discount rate remains unchanged at 2% per cent. The Bank July 8, 1898, have been as follows :
ol France Bhows a decrease of 1.200,000 francs in gold and
— Boston.P h ila d e lp h ia . - — - —.
L is te d
U n liste d
Bond
L h ted
125.000 franca in silver.
U n lis te d
Bond
s
h
a
r
ts
.
sh
a
re
s.
sales.
sh
a
res.
sh a res.
sales.
The Mew York City Clearing-House banks in their state­ Saturday
ment of July 2 showed an increase in the reserve held of $2.. .25,702
4,5-13
$132,750
13,271
6,001
$ 103.055
939.000 a n d a surplus over the required reserve of $62,013,550. Tuesday.
fViS3
8,01 7
49,775
Wedtiesd v. 9.535
4,925
65,114
against 462,208.250 the previous week.
5,230
40,425
8.734
161,460
L’hu stlaj .1 0 .6 9 7
4.920
F rid ay ,..

1898.
J u l y 2.

D i f f e r e n t / r ’m j
F r tv . Week, j

1897
J u ly 3

1896.
J u ly 3

T o ta l.. ..03.134

•1 000

73.O00

12,203

0.049

230,822

19,450

301.950

42,285

21,895

560,431

Railroad and Miscellaneous Stocks.—The stock market
$
*
$
$
C ftp U siI......... . . . . 5 9 ,0 2 2 .7 0 0
.................
5 9 .0 2 2 ,7 0 0 6 0 ,6 2 2 ,7 0 b opened with a rush of buying orders on Tuesday morning.
B urpItif*. . . . . . . . . . 75.0-11,900
.................
I 7 4 ,8 3 0 ,9 0 0 7 4 .0 7 5 .7 0 0 The favorable war news had directly or indirectly creased a
L o a n s A sRseTits 6 2 0 ,9 ? 3 .« 0 0 1 n o .8 ,3 8 4 ,7 0 0 5 3 2 ,7 0 7 ,0 0 0 4 7 6 .1 9 9 300 demand for stocks, and opening prices were in many cases
C irc u la tio n ..........
1 4 .6 * 9 .8 0 0 H eo
6 ,0 0 0 1 3 ,7 8 1 ,7 0 0 1 4 .5 * 6 ,9 0 0 from 1 to 2 points above the close last wetek. There was a
N e t deposit*)......... 7 ^ 0 ,0 7 4 .0 0 0 I n o .1 2 5 2 6 8 0 0 0 0 4 ,98i>,700 4 9 9 .0 4 6 ,9 0 0
1 8 0 .0 7 0 .2 o o ( n o . 1,9 6 3 ,3 0 0 9 0 ,4 9 6 ,6 0 0 6 1 .8 6 6 ,3 0 0 reaction, which continued through Wednesday, and resulted
S p e c i e ., ..
L e g a l te n d e r s ___ 6 3 .4 6 2 ,0 0 0 l n o . 9 7 5 ,7 0 0 1 0 2 ,1 3 4 ,2 0 0 8 3 .2 2 3 .7 0 0 in a decline averaging about one half or more of the advance
R e s e rv e h e ld ....... 249,532.2011 I n « . 2 . 9 o ,0 0 0 1 9 2 ,6 3 0 800 1 4 5 ,0 9 0 ,0 0 0 noted above.
On Thursday and to day there has been a
L e g a l r e s e r v e .* .. J 8 7 .5 1 8 ,6 5 0 T u u .3 ,1 3 1 ,7 0 0 .1 5 1 ,2 * 5 ,9 '5 1 2 4 ,7 6 1 .7 2 5
better demand, which Carried Pennsylvania, New
B tirpln» r e s e r v e 6 2 ,0 1 3 .5 5 0 D ee 192,7001 4 1 ,3 8 4 ,8 7 3 2 0 ,3 2 8 ,2 7 5 York Central and some other so called Vanderbilt shares
above the previous highest prices of the week, and gave a
Foreign Exchange.—The foreign exchange market has firmer tone to the whole market. Otherwise the movement
been lirui on a limited demand for bills, with no important of the railway list has been generally uuiform. aud net results
ebang* in rates
show higher quotations in mostcases. Pullman’s Palace Oar
To-day's actual rates of exehange were as follows: Bank­ advanced to 216. a price which was not sustained. I t fell on
ers'sixty days'sterling, 4 84>£@4 8 4 , ; demand, 4 85%@4 86; Wednesday to 208, and closes at 210.

THE CHRONICLE—STOCK

J u l y 9, 1898.]

PRICES

(3 p a g e s) P a g e 1 .

61

New York Stock Exchange—A Daily, Weekly and Yearly Record.
S T O C K S — H IG H E S T A t fD L O W E S T S I C E P R IC E S .
S a tu r d a y ,
J u l y 2.

M onday,
J u l y 4.

T u e s d a y , I W ed n esd a y T h u r sd a y ,
J u l y 7.
J u ly 5. , J u l y 6.

F r id a y ,
J u l y 8.

STOCKS.
N. Y . STO CK E X C H .

R a n g e f o r p re v i­
Sales R a n g e f o r y e a r 1898.
o f the On b asis o f ioo-sh}re lots o u s y e a r ( 1897$.
Week.
Shares
H ig h est.
L o w est. \R-ighesl.\

R a i lr o a d S to c k s .
......... A lbany & Susquehanna..
§183 J a n 4 180 Feb 3 170 Feb 177%Ap
12 A n n A rbor........................
11 Apr 21 15 Feb
9 Jan. 15%Aug
Do
pref.
0 34 J a n 4 40%Feb 7 22%Apr 40 Aug
535% 35% *35% 37% •35% 37
•35J4 37
4,745 10%Apr 21 14% J ’ne 6
13 % 13$$ 13% 13% 13% 13% 13% 13% Atch. Topeka & Santa Fe.
9%Apr 17 Sep.
Do
pref. 24,181 22%Mar 12 34$$J’ne 11 17 Apr S5%Sep.
33% 33% 33% 34%
33^4 34% 33% 34
4,479 12$$.Jan 25 21% J’ne 17
14% 14% 14% 14% §14% 14% B altim ore A O hio.... —
9 J ’ly 21%Sep.
14% 15
alt. & O. Southw., pref.
7
200
*5% 6% *6
5%Jan 19
7%Feb 3
7
2 J ’ne
9%Sep.
m
0% *6
■104 108 *104 108 Bost. & N. Y. A ir L.. pref.
§105 Mar 9 05 Mar 9 102 Mar 106 Oct.
*104 108 '104 108
Brooklyn
Rapid
T
ra
n
s
it...
55,500
35
Mar
12
55%
55%
56
57 J ’ly 5 18$$Jan. 87$$Deo
54% 55% 55
54% 57
25 Mar 12 30%Jan 0 16% May 81 Dec*20
30 Buffalo Roch. & P ittsburg.
30
‘20
^20
30
*20
30
Do
pref.
66%
02 May 6 67%Jan 3 54%J’ly 66% Deo
66% ■64
66% *64
•6 4 60% •64
Bari. Cedar Rapids A N o ..
75
§65 Mar 10 75 J ’ly 1 68 Apr 76 Aug
§75
575
75
72 Apr 21 90%Jan 20 46%Mar 82 Deo
84% •83% 84% *83% 84% Canadian Pacific..........
•83% ‘ 84% *83
Canada Southern.........
4 4% Mar 12 57$$Feb 5 4 4%Jan. 62%Sep.
54
55
52% 52% 54
,51% 52% 52
Capital T raction ..............
02 Jan 4 70 J a n 25 50%Oct. 63 Dec
11,800 86%Mar 20 98% Jan
89% 92% Central of New Jerse y ..
92
93
68%May 103%Jan.
93% 94% 91% 93
900 11 Apr 23 14%May 28
13$$ 13% 13$$ 13$$ Central Pacific.................
7%Apr 18' Sep.
*13% 14
*13% 14
5,251 17%Mar 20 2 4% Feb 1 15$$Mar 27%Aug
23
23% Chesapeake A Ohio.........
23
23
23
23%; 22% 23
Chicago & A lto n ..............
§150 Mar 14 §160%Jan 14 147 J ’ly 170 Mar
....... 158 . . . . *100
•1 5 8 % .........*158
Do
pref.
§166 Mar 24 §100 Mar 14 101%May !75%Nov
172 .........
172 . . . .
*172 .........*172
----105%106% 106%107 Chicago Burl. & Q uincy... 55,300 85%Mar 26 l07% J’ne 11 69$$Jan. !02%Sep. '
105$$ 107% 105 100
49 Apr 19 66 J ’ne 1 37%J’ne 61 Sep.
*50
58 Chicago & E ast. Illinois...
*56
58
*58% 59%; *56
58
Do
pref.
102 Jan
!13%Feb
95 Jan. 103 Sep.
106 108
107 108 *105% 100% 105 108
9%Feb 24 16%Jan 8
S$$J’ne 20$$Aug
14% 14%; 14% 14% 14% 14% 14$$ 14% Chicago G reat W este rn ...
Do 4 p.c. debentures.
T%Oct. 75 Deo
"2
•71 ......... Ifil
‘71
Do 5 p.c. pref. “ A ” ..
28 M ar 15 36%Jan 28 31%Aug 43 Sep.
34
33% *32
*32
33% I *32 33% •32
Do 4 p.c. pref. “ B ” ..
20 A pr 21 25$$Jan 14 19 Aug 33%Sep.
24% •23
24
*23
*23
25
*23 24
100
7 Feb 24 10%J a n 14
8 Oct. 13 Aug
10% Chic. Indianap. & Louisv..
10% *10
•10
10
*10 10% *10
Do
pref.
700 23 Apr 16 33$$Feb " 26 Nov 38%Sep.
30
30
30
30
30
32
*30
31
69%Apr 102 Sep.
99% 100% 98$$ 99% 99% 997% 99%100% Chicago Milw. A St. P a u l.. 44,471 83%Apr 21 l02% J’ne
Do
pref.
484 140 A pr 25 150 J ’ne 23 180% May 140 Sep.
149 149%
149 149
149% 149%'§149 149
120 127% 127%128% Chicago & N orth W estern. 10,084 118%Mar 12 130%Feb 11 101% Apr 132%Ser
125% 126% 125 120
Do
pref.
100 163 J a n
3 175 Mar 7 153 Jan.ll65% Se]
171 1 7 '
171 171
..................... i*17l 172
RAl/An. 97%Sei
Q'TUani
96% 90% 97% Chicago Rock Isi. A P a c .. 38,249 80 M ar 25 108$$J ’ne 1 60%Apr
96% 98 ! 95% 96% 90
9,454 65 Mar 12 80$$J’ly 8 47 Jan. 89%Sep.
77% 78% 78% 8 J$$ Chic. St. P. Minn. A Om...
70
70$$l
77 77
133%
Jan.
Do
pref.
155
Feb
28
150$$Deo
§148
Jan
‘152
100
•152
155
*152 160 1*152 156
0821 4%Jan
9$$Mar
§7$$ 7%
3
8% Chic. Term inal T ra n s fe r..
*7% 8%| *7% 3%
33 Feb
295 22% J a r
Do
pref.
127% 27% 29% 30
27
30 | *28
30
Clev.
Cln.
Chic.
A
St.
L
—
25 Mar \2 44%J’ne 17 21%J’ne 41%Sep
13,824
42$$
43%
41% 42% 41
41% 41% 42%
Do
pref.
30 7 7% Mar 9 88%J’ne 14 68 J'n e 86%Sep
§87
87
2,000 1 l%Mar 26 19%Jan 12
14% 15 Clev. Lorain & W heeling..
14% 15
14% 14%
14% 15
Do
pref.
45 May 2 50%Feb " 89 Nov 49%Deo
■......... 49
•40
49
1......... 49 •......... 49
161 Apr 168%Sep
& P lttsb., guar.
70 J ’ne
170 J ’ne
■170 ....... . •170 . . . . •170 ......... ■170 ....... Cleveland
Colorado Mid., vot. tr. <tfs.
5%J’ne 23
5%J’ne 23
14 J ’ne 23 18 J ’ne 7
Do i ref. vot. tr. cifs.
l% A pr 18 Jai
5 Mar 18 8%Feb 10
•0
6% Col. Hocking Val. & T o l...
6%
§5% 5%
*6
6% *0
25 Feb ~ 14 Aug 40 Jan
Do
pref.
17 Jan
•21% 24
•21% 24
•22% 24
*21% 24
994 104 Apr 21 114%Feb
99$$Apr 123 Sep
108% 108% 1064$ 108 D elaware A H udson,
.................. . *.........I l l
146%May 164 Aug
el. Lack. & W este rn ...
447 L44%Apr 21 159 Feb
.........150
157 157% 1150% 156%
9% Apr 14% Aug
10 A pr 26 13 J a n 12
& Rio G rande.......
..... Denver
•1 2
•12
13
•12% 13%
36 Apr 50%Aug
Do
pref.
1,070 40 Apr 21 52%Feb
50% 51% *51% 52
51% 51% 50% 51
7 Apr 14$*J’ly
20
J
’ne
10
8%
Apr
21
Des
Moines
A
F
t.
D
odge..
400
10%
17
16%
16%
•16% 17% 10% 16%
81 Apr 50%Aug
Do
pref.
•80 ......... •85 .........
•80 ......... •80 ___
5 Dec 10% Aug
5 Apr
7% Feb
•0
8 Dul. So. Shore A A tl.pref.
•0
8
•0
8
*0
8
ll% A pr 19 Sep
11 Apr 21 16% Feb
77
13% 13% 13$$ 13% §13% 13% 13% 13% E n e ..
27
Apr 46$$Sep
29%Apr
22
43$$
Feb
1
Do
1st
pref.
1,985
30% 36% •35% 35% 35% 35% 35% 30%
15%May 25$$Aug
Do
2d pref.
1 00 15%Apr 22 21$$ Feb 11
•17% 18%
•17
18
18
17% 17% •17
20
J ’ne 34 Sep
22
May
9
26
May
11
Evansv.
A
T
erre
H
aute
..
*25%
26
•25% 26
•25% 26
•25
26
40 Jan 18 52 J ’ne 10 28 Aug 48 Sep
Do
pr«f.
•50
52
•50
52
•48
52
•48
52
7 J ’ne 14%Aug
10 Mar 12 14%Feb 14
lint A Pere M arquette..
30%May 19 43 J a n 28 30 Mar 49 Oct
Do
pref.
21 Feb 8 28 Mar
7%J’iy 20. Sep
24 Ft. W. A Den. C., stamped.
21% 25% •21
10 May 19 16$4Jan 31 12 Nov 20%Sep
Ft.
W
orth
A
Rio
G
ra
n
d
e
..
.........
12
....
12
12
120
Jan 141 Sep
180
J
’ne
30
H
22
J
’ly
reat
N
orthern,
pref.
2,400
126%129%
127 •124 127 •124 127
32% Feb 24 27%Apr 40 Aug
§30 Jan
reen Bay A W estern ...
•30
40
40
30
40
40
*30
•30
40%J’ne 23 49 Jan 27 50 Dec 50 Dec
Do debt certfs. “ A ” .
9 Aug
8%Dee
4 May 7 6%Jan 25
Do debt certfs. “ B ” .
llnols Central
4,033 90 A pr 21 108%J an 31 91%Apr 110% Aug
100 100% 106% 106%
105%106% 105% 106
97
Aug
88
Jan
§94
Feb
18
§94
Feb
18
Do
leased
line,
4
p.
c.
•93
98
'00
•93
96
'90 100
•90
0 Apr 13%Sep
7%Mar 18 10 J ’ne 11
•9
9% *9% 9% Iowa Central.
•9
•# *
«*
Do
pref.
10 25 A pr 28 35%J’ne 11 23 J ’ne 41%Sep
•31
33
31
33
33
§31
•31
•31
4 J ’ne r9%Aug
0 Feb 2 0%Feb 2
anaw ha A M ichigan..
•5%
•5%
..
6% •5% 6%
0% •5%
8*
an. City P itts. A G u lf..
500 15 Apr 26 24%Feb 10 17%Dec 29%Sep
15% 15%
1 5 * 15*
1 5 * 15% •15$$ 16
4%Aug
2 Feb
3
J
a
n
27
5%.J’ne
11
Keokuk
A
Des
Moines---•4
5
•4
5
5
•4
•4
5
15 May 12 16% J ’ne 14 12 Mar 2 8%Jan
Do
pref
•18
19
19
•18
19
19
•17
*18
30 J ’ne 2 34 J a n 31 32 Feb 30%Oct
•30
35 Keokuk A W estern..........
•30
85
35
•30
35
•30
2 Aug
1 Aug
2 May 19
2 May 19
*4% 9% Kingston & P em broke....
•4% 9%
>4*
•4*
110 12%Mar 14 18$$Feb 8 13 May 22%Sep
ake Erie A W estern —
•14% 10
§14
14
•14
16
15
15
Do
pref.
585 68 Mar 14 76%Feb 8 58% Apr 79%Sep
71
71
71
71% 71* J70* 70% 71
194$|jan 29 152 Jan 181 Sep
170$fJan
180%189 *186% 189% Lake Sb. A Mich. S o u th ...
•186% 189 •180% 189
Convert, ctfs. of deposit.
2 180%Apr 19 190 May 2^
188 188
•168 190
88 Dec 55 Jan
51 J n ’e
40
J
a
n
20
225
Long
Island.........................
•50
52
50
*50
51
50
50
50
A N ashville— 10,522 44 A pr 21 00%Jan 31 40%Apr 03%Sep
53% 54$$ 5 3 * 53% 53$$ 53% 53% 54$$ Louisville
8l$4May 113 Sep
120%Jan
14
n h attan Elev.,consol. 81,418 91 Mar 26
104%106% 104 105% 104% 105% 105%100 M aetropolitan
5,125 125%Mar 20 !71%Feb 14 99%Oct 133%Dec
S tree t.......
159% 100 1*158% 159%
159% 160
157% 159
6 Aug 9$$J’ly
0%Jan
8
4%J’ne
15
Mexican
Central.................
-4% 5%
•4%
5%
5*
5*
2%Ang
*4*
1 Nov
1 Feb 10 l% M ay 2
Mexican N at’l tr. re c ts ...
H
„
1%
1*
•$6
1*
•H
114% Feb 8 90 Jan 11 l%Sep
99%Mar
12
Michigan
C
entral...............
1,000
107
107
104$$ 100%
104 104
104 104
31%Sep
10
May
30%Feb
15
24
Mar
11
Minneapolis
Si
St.
Louis...
29%
29%| *28
29% •28
*26% 29% •28
84 May 14 91 J ’ne 27 77$$Mar 90 Sep
Do
1st prof.
91
•89
91
•89
90% *69
9<)%j ■89
46 Feb 02% Sep
46 Mar 26 03 J ’ne
Do
2d pref.
00%
59
80* •58% 60% •58
8 0 * •59
6 Deo
0 Dec
7 M ar 11
6%Mar 11
Minn. St. P. A 8. S. xMarle
•0
*6
*6 .........
14%J an 20 10 Apr 16%Sep
10
A
pr
13
910
Mo.
Kansas
Sc
T
e
x
a
s
.......
11%
11H
11
•11
11*
n * H%
24%Apr 42 Sep
41
J
a
n
28
28$$Mar
2,260
Do
pref.
33% 34 j 34% 34% 31% 34%
34$$ 85
30% J’ne 11 10 May 40% Sep
8,595 22 Mar
3554
35% 35% 35% Missouri Pacific
35 1 35
35
30%' 34$$ .35
32%Feb 7 18 J ’ne 32 Au$
250 24%Apr
26
26 Mobile & Ohio..
27
•25
27
20
10
§175 J a n 14 102%J’ne 173%Dec
§167% Jan
Morris & Essex
'17.
173 .1171 171 ^ 70* 172* M a s h . C h a t.* St. LOU.S..
60 J ’ne 1 70 Jan 85 Sep
00 J ’ne
37,890 105 Mar 20 119$*Jan 28 92%Feb 115%Sep
15$$Jan 31 1 1 Feb 17$$Sep
1
l$$Mar
600
I!®*”
1H
14 * 1}** ^ y YbhiSSo'&St1.1Loms'
•12$$ 18
•12% 14?* V*SH“
•12% 14?s<l iYs::MZ*l
76 J a n 31 07$$Apr 81%Sep
73 Feb
Do
1st pref.
75
•67
•05
75
♦05
73
•07
73
40%Jan 29 24 Feb 4 3% Sep
28
Mar
25
900
Do
2d
pref.
38
35
•30
85
•82
85
•80
85
§320 Jan 5 ,295 Feb 325 Dec
§320 Jan
New York A H arlem .......
§123% Feb 16 1119 Jan 122 Mai
5120 Apr
N. Y. Lack. & W estern ...
§123% 123%
§195%Feb 2|| 100 Feb 185% Sep
118 §178%Jan
Y. New H aven A H a rt
187 190 1188 188 §188 190% N.
188 102
18%Feb 2 12MApr 20%Sep
13$$
Apr
1,899
14% 15% N. Y. Ontario & W estern.
15
15
15% 16% 14% 15
65 Jan 28 05 Jan 28
•00
66 Norfolk & S o uthern.........
•60
66
•0 0
00
•60
06
9 Apr 4.7%Sep
17
Feb 7
11%
Apr
21
k
W
estern
..........
Norfolk
*14
15
48%DeO
15
*14
15
•14
15 I *14
3,170 4 2% Mar 12 56%Feb 7 22%May
Do
pref.
§52% 52%
51% 52% 51 % 52 I *51$$ 52
11
Apr 22$$Deo
Pac. Ity., vot. tr. ctfs. 21,068 19 Feb 24 31%J’ne 0 32%Jan
01$$Deo
29% 80% 29% 29% 29% 29% 29$$ 30 Nor.Do
70%
J’ly
5
56%Mar
12
21,486
pref.
8% Deo
5%Nov
09% 70% 69$$ 09% I 09% 70$$ 70% 70$$
7 Mar 5 7 Mar 5
m aha & St. Louis..
1 Sep
10
Apr
70 3 5%Jan 7 54%Feb 1 37%Jan 4
r.RR.&N.Co.vot.tr.cfs.
50
§49
73%Sep
51
•49
•49
51
51
•48
74
J
’ne
11
05%.Mar
29
Do pref., vot. tr. ctfs
72
>70
72
•70% 73
*70
17$4J’ly
123%
Aug
*70
72
33%Feb
17
......... 19$$Jan 3
31 Oregon Short L ine..........
•28
81
§28
HI | *26
•28
31
• These are bid and asked prices , no sales on th is d a ,.
1 Less than 100 shares.
t TSx dividend and rights.
*180

___

*11

12

180
-11

......... 180
12

....

*11

12

180
*11

C

F

G

r

K
L

18 .

O

O UTSIDE SEC URITIES

(Givex

at

fo ot of

7

coxseoptive

pages).—

S T R E E T R A I L W A Y S , <£e.

S t r e e t R a i l w a y s . I Bid
Bid. Ask.
A f r e e t K a il w a v e .
H tr e o t R a i l w a y s . 1 Bid. Ask.
■*tre»t R a i l w a y * . I Bid. ; Aak. |
U nion R ailw ay —Stock .. 176
M etropolitan—See Stock Exch 1 ist.
1 150 100
1st
5s 1 9 4 2 .............FAA §112%
NBW YORK CITY. !
I
180
170
100% 103% Ninth A venue—S to ck ....
W e stc h e s t 1 st 5s ’4 3 ..JA J §109
Bleock St k Ful F—Stock. 32
33%
Second A venue—S tock... 175 ISO
Exch i ist.
BROOKLYN.
1s tm o r t 7s 1 9 0 0 ...JA J 101 104
109
§107
1st
mort.
5s
190
9
..MAN
195
| 175
A tlan. A ve., B ’kly n —
B’way k 7th Ave—Stock. 210 220
D ebenture 5s 1909..TAJ §105 108
5114* 116%
..AAO §105
1st 5s 1909
1st m o rt 5s 19 0 4 ...JAD $105 Il06
114 114%
Consol.
58,
1948...FAA
103
100
.. A&O §100
Scrip 5 b 1915.........FAA
Con 5s g 193
Id m o rt 5 b 1914----JA J $110 112
Sixth A venue—Stock— . 2 0 0 210
820
85
E ighth A venue—Stock
...J & J
lm
pi
5s
g
■
•*
Con 5s 1943—See Stock Exch 1 iat.
I
14
So F er 1st 5s 1919. .AAO §113%
108
85
. A kO
B. B .A W .E . 5.S
B’way Harf 1st 5s gu. 1924 114 1116 i Scrip 0b 1914...........
Third A venue— See Stock ExcD list,
300
...... 211
B rooklyn C ity
2d 581a’. as ren tal. 1906 $105 100% 42d A Gr St F e r-S to c k ... 330
l
22%
1st
T
.
,1
5
f
1937
...1A.I
121
02
58
J&Jl 114
C'oi'i'O
5a
v
Central Cros*town—Stock 240 ......... • 42d 8 t Man A St N Ave
1
1
1
%
2 6 i ■' •*1'. - tr 1st 5 s..’90 §Uf)%
113 110
oek 200
B’ Jyi CA N
1st M 0s 1922.......MAN $ 1 1 8 % ..........
-Stock 82*
91% Tv. - y-'ii'ird
90
’ § 114%
5b 1 9 8 9 ....
Cen Pk N A E HIv—Stock; 1 H0 .........
.. .JAJI 103
1900.
Exch 1 1st.
c^psol 7s 1902___ J AD $109
111%

Ask.
2 00

114

213%
117
115%

THE CHRONICLE.—s TOOK

62

PRICES (2 pages) P agb 2.

BTO O K B—M O B E S T A X D L O W E S T S A L S P R J O E S .
S a lu rtiu y ,
J u ly 2.

i f o m /u y ,
J u ly 4

T u e sd a y, IfM
ltwidoy TAurjfrfuy,
J u ly 5. i J l t i y 6.
J u l y 7.
35
35
36
*87
01
*86
01
•58
61
*58
01 I
l i s u 110 ! i i 5 f j [ n o t j |
m
* i*
i*
4 * 13*
4 |
•is

24
59*
3*
i7
10
98*
1*

H
o
V

B
c
H
o
;>
*■<

1101 101 I§101
•2094 21
*20*
7 4 * 7 4 * §75
*28* 25 ! * 2 3 *
1127 1 2 9 * > 1 2 8
26
20
27
76* 76* *75*
1 8 * 14*1 1 8 *
3 6 * 88*! 3 5 *

101
22
75
25
132
27
70J<
189
869

130*
§118
......
120*
38 0 *
OS*

IS O *
113*
95
122*
122
93
3*
124
11*
*
2*
28
5*
198*
87
90*

•122
♦10
*U
n*
22*
•5 *
§198*
87*
•8 8 *
•40
03*
'..............

134* 129*
114 $ 112*
95
121* 120*
1 2 0 * 120
9 4 * §93
3*
3*
125 ,♦122
1 1 * ■10
*
*
3
n *
28
♦2 1 *
5*
6
1 9 8 * 190
38
37
9 0 * ♦8 8 *
♦40
03*
00

1 2 9 * 131
39*
23*

40*
24

•52 ...
•5 0 * 5 8 *
§51
51
•92
93
•3
0
*48
51
♦71
84
1107*
•15*
•5
•05
•15
*40
42
6*
•3
29*
•880
99*
910
•1 *
♦5
•B

*0*

74
85*
107*
19
0
80
30
50
44*
0*
5
30
.........
101*
210
2
8
6*

30*

♦03
05
♦......... 60
§130 130
39* 40*
33
23*

.

. .

10
43*
23
'180
♦26*
66*
128
7*
100*
•2 0 *
♦7 *
62*
*28
♦4*
n "
IT *
•70
142*
1©
8H
30*
12*
•175
•
•

. . . . 60
§135* 1 3 5 *
89*
24*

40*
20

91

74
88*
107
17
0
80
30
45
44
6*
5
29
.........
09*
209*
2
8
59*

*71
34
107
117*
•5
*65
*17*
*85
•40
0*
*8
29*
•830
98*
200*

74
34*
107
17*
0
80
SO
45
44
7*
5
29*
....
90;
209;

15*
5*
25
26*

*5*
25*

S tre e t R a i lc a r *
Bid.
B k]ynC ro«tn5.1»0« JAJ 105
B’klyn ~K1ot, all aan’u pd. 24
B k m H g tslft 5 . 1941A AO 98
B Q n s ( k > . ~ 1st 5s 1941 $ 108
Bklyn R a p .T rn u .-5 // 8to ck Ex.
Cal.Cem Gr.iAB’k y n ls t
110
Ccmej DJand A Rrookyit. 195
l*rt 5i 1904-----------JAJ 108
5# c-ert f» Indbt i ©10.J A-f 98
Gr.8t.ANew DfAs’OBAAO 104
O 'p ’t A Lerim er 8t- 1 s t 's 110
King* C a Elevnt.—8?ock
7
Bond*—8 * 4 Stock ETch.lldst.

Ask.

L ow est.

H ighest,

T

U

•J*

•5

(Gu y i n '

E

L

M

8 6 * 89*
1117* 11'
©2* 0 8 * 9 2 * 9 2 *
• Tb»M are bid and asked prloeo \ no sale* on th is day.

O UTSIDE SEC URITIES

R ange fo r pre­
v io u s y e a r (1 8 9 7 ).

C

*51
*57
§51
91
*3
*48

*71
83*
107
•16
•5
*65
♦1 7 *
*35
*41
6
•3
28*
•380
©7*
208
*£*
*5
•59

N , Y. STO CK E X O H .

R a n g e fo r y e a r IS P S .
S a le s
o f (fie On b asis o f to o -sh 're lot
fle c k .
L o w e st,
H ig h est.
Shares

A

.....
57
50
93
0
51

*51
56*
50
*92
*8
*48

STOCKS.

85 p a c if ic Coast Co................
115 34**J ’ne 27 35 J 'ly 5
01 'A Do 1Kt prof..............
104 85 J 'n e 2“ 91 J ’ne 28
01 I
Do 24 prof.................
100*J*ne 8
7 »57 J 'ly
119 Sep
118 | Pennsylvania...................... 1 1,014 110* Mar 1 120*F ob 7
50
2*M ay 23
l * 1Poo. Decat ur k E vonsv...
* J an
y*A ug.
4 Feb 28
6 * Feb 11
3 IPeoria A E a ste rn ................
225
3 9 * Dee
1,500 SSUJan 5 47*M ay 2
48*-P irtab. ClXL Chic. 4 S L L ,.
? 0 * O ct
05
011 57 M ar 23 71 Feb 7
Do
prof.
172* Aug
!§168 Feb 25 171*F eb 11
Pitta. F t, W. Sc Ch., g u a r..
12 Sep
7 Pittab. A W est., p re f.........
7 J ’ne 17
100 | 5 * J 'n o 1
20*Sop
1© I I ending, voting tr. c tf s ..
9,fl0i 1 1 6 * Mar 2_ 2 3 * J a n 0
57*Sop
4 6* XL 1st prof., vot. tr. ctfs. 10,670 1 80 M ar 12 5 4 * F e b 8
35*Sep
22H
2d pref., voting tr. otf».. 13,080 l8 * M a r 20 29 J a n
185 J a n
Rensaolaer A S arato g a....
182 J a n 20 1185 May 20
2 5 * Sep
27 Rio G rande A W este rn __
80 22 May 1 2 7 * J 'u e 27
01*D eo
150 50*M nr 1~ 08 J ’ne 23
08
Do
pref,
122*I)eo
Rome W atertow n A O gd..
100 § n 0 * M a r2 6 §123 J a n
4
9*Sep
100
5 * M ar 7
Q t, J . A G. IaL, vot. tr. eta,
8 * Feb 1
5d*X)ee
321 45 Feb 24 68 J 'n e 11
>
^ Do
1st pref.
2 0 * Sep
21
Do
2d prof. 00 1 8 * A pr 25 2 3 * J ’ne 11
9 Aug
200
0 Mar 20
8*Pne 3
7 * St. L. A S. Fr., vot, tr. ctfs.
59*De«r
01*
Do
1stpref. 928 52*M ar 12 0 5 * J ’ne
27 * D ec
2©*
Do
2dpref.8,060 2 2 * Feb 24 3 2 * J ’ne 1
7 A ug
5 St, Louis S o u th w estern .,.
600
3 * J a n 24
BfcJ’ne 1
14*8ep
412
11*
7 * M ar 12 l 2 * J ’ne 7
Do
pref.
30 Sep
21
1 0 0 18&Tly
0 25 J a n 8
St. P au l A D u lu th ..............
8 7*O ct
85
78 Apr 20 8 7 * F e b 14
Do
pref
125 Aug
1 5?* St. Paul 51inn. A 5tan
2.115 1 2 8 * Jan 12 1 5 5 * J ’ly 8
2 3*S ep
1,000 12 Apr 13 22 J a n 13
19* Southern Pacific Co..
12*Sep
650
7 A pr 21
m Southern, voting tr. c tfs ..
9 * F e b 10
S8*Sep
4,71© 23*M ar 26 3 3 * Feb 11
31
Do pref., v o t tr. ctfs.
15 Aug
1$ *
1,707
12
" exas k P a c ific ..............
8UM ar 12 1 2 * J 'n e 30
173 Dee
400 155 A pr 21 194*F eb 16
177
bird A venue (N. Y .) ....
20*O ot
§15 Feb 10 §15 Feb 10
20 Toledo A Ohio C entral —
40
§38* Feb 8 §40 Feb 10
Do
pref.
9*D eo 14*D eo
1 0 * Jan 12 20 A pr 4
20 Twin City Rapid T r a n s it..
6,708 1 6 * Mar 25 2 5 * J ’ne 0
24 *
nion Pacific Ry .............
0044
Do
...p re f , 2©, 079 4 5 * M ar 12 68* F eb
1 A pr l l * S e p
4,000
5 * A p r 20 10* F eb 18
« * wUn. Pac. Den. A G., tr. rec.
m Sep
4 * M ar
140
7 * Jan 12
»*|TX 7abaah
6 * Mar 25
2,106 1 4 * M ar 7 20*M ay
l l * A p r 24*Sep
1 9 * | >> Do
pref.
2,400 8 7 * Apr 25 1 0 2 * J a n 8 100*N ov 112 Aug.
©3* W est Chicago S tre e t.........
6 * Jan
2,292
* J ’ne
l* M a r 29
3 * Jan 11
1M| Wheel
ass’t p d .
1,130
2 * A p r 29 J a n
0* j
Do
pref.
do
8 * J 'ly 6 16 J a n 12
4*A ug
100
1 J ’ne
*Jan 0
3 * J a n 17
1% Wiscon. Cent,, v o t tr.c tfs.
8 Sep
0 Sep
5 Feb 5
Do
pref.
do
6 Feb 5
iril& c tlJ ik ji’f* S to c k * * .
173 * 9?*A pr 29 §180 Feb 10 147*F eb 165 Oct
dams E xpress............ .
§100
101
9*M ay 2 0*8ep
40 1 5 * Mar 25 2 3 * J a n 10
21
§21
merlcan C otton Oil. . . ,
200 60 M ar 14 7 7 * F e b 1 5 2 * Feb 8 0 * 8 e p
§75
75*
Do
pref.
*25
22 May 13 2 4 * J ’ne 30 2 1 * Dec 27 J ’ly
80 A m erican D istrict T e l __
33 1116 J a n 5 180 Feb 14 109* Jail n e * N o v
•12S 133 American Express.
420 24 J ’ly 8 29*M ay 6
24
24 American Malting,
110 7 0 * J ’ly 5 79*M ay 9
77
*73
Do
p ref.
0*N ov 1 5 * Aug
2,355
0 * J a n 20 1 5 * J ’ne 9
S p irits M fg ,....
* American
1,520 10 Mar 20 4 0 * J ’ne 2T 15 Dec 86 Aug
*36
3i !7*
Do
pref,
3 9 * 4 2 * A m erican Steel & W ire ... 13,107 37 J ’ly 7 4 2 * J ’ly 8
9 2 * J ’ly 8
4,000 9 0 * J ’]y
Do
pref.
©1* ©2*
1 3 1 * 1 8 3 American Sugar Refining. 109,398 l0 7 * M a r 20 1 4 5 * J ’ne
109*M ar J 59*Sep
65U 103 M ar 25 110 J a n 6 10 0 * Jn n 121*Sep
113* 113*
Do
pref.
205 §88 Mar 29 § 9 4 * J ’n e 27 8 5 * Jan 94 J 'n e
94 $04* A merican Teleg. & C able..
122 1 2 2* American T o b a c c o ........... 48,439 8 8 * J a n 24 123 J ’ly 7 6 7 * Feb 9 0*A ug
1,783 112*M ar 13 129 J 'ly 8 100 Feb 115 Aug
125 129
Do
pref.
114 "8 M ar 14 95 J ’ly 8
9 4 * 95
Do
dividend scrip.
3%Oct 16* Aug
1,570
8*
8*
5 * Jan 21
2 * M ar 21
ay State G a s.,
*122 124 B rooklyn Union Gas
JOB M ar 20 125 J a n 24 85 Jan 137 Sep
140
1 0 * 1 0 * Brnnsw. Dock A C. Im p rt.
9 J 'n e 8 14 J ’ne 6
2 Aug
100
*A pr 7
* J a n 28
olorado Coal A I. DeveL
*«
*
5 Sep
2 Oct.
*1*
8
2*A pr 8
2 J ’n e 6
Do
pref.
400 17 M ar 12 2 0 * J an 11 1 5 * J ’ne 27*Sep
*21* 28 Colorado Fuel A Iro n ........
7 * Aug
100
3 * J ’ne
7 * J a n 13
*5
6 * Col. A Hock. Coal A I r o n ..
4 * M ar 25
2,825 187 M ar 26 2 0 5 * J ’ne 9 1 3 0 * Jan. 241*Sep
198 2 0 1 * Consolidated Gas (N. Y .)..
1,030 2 7 * M ar 25 38 J ’n e 14 28 Nov 4 1 * J ’ly
3 0 * 3 6 * Consolidated Iae.................
187 8 3 * A p r 28 91 Feb 15 80 J ’ne © 0*J'ly
*88* 90*
Do
prof.
40 May 17 §45 Feb 14 85 Feb 87*Mfty
*40
Consolidation Coal..........
Consol. Kan. C. 1#. & R ...
99*M ay 24 99*M ay 24
45 A pr 20 03*J*ly 5 20 Jan. 60 Nov
D etroit Gas.........................
, 00
astern E le v a to r.. . . . . . .
61*M ay 20 66 M ar 11
134
gi ■
8 135 J a n 20 101* Jan. 13 2 * Sep
diaon Elect. III. <N. Y.).
. . ... . 100* J ’n e 17 111 Feb 8 97 Feb 1 1 5 * Aug
Edison E le c t 111. (B’kly n ).
19,603 29^4M ar 12 . ii rtfJ'JV *( 28*M ay 41*Sep
40
40 G enera 1Electric
2,730 15?4 A pr 22 36 rfT'eb 15
25* 25*
awafian Com. A Sugar.
§ 8 7 * J ’ne 20 9 2*F eb 10 8 1 * J ’ly 101*O ct
. B. Claliln Co
43 A pr 2 50 May 21 35 M ar 45*D eo
♦51 ...
H om estake M ining............
552 4 4 * A p r 25 60 J ’ne 1 2 9 * A p r 50 Aug
5 7 * 5 7 * Illinois Steel.......... .............
035 37*M ar 25 52 J ’ne 3 22 May 4 9 * A u g
|5 0
51
aclede Gas (S t L ouis).
225 S5 M ar 12 9 1 * Jan 14 70*M ar 90 Aug
§92
92
Do
pref.
J ’n e
4 Aug
4 J a n 20
5 * J a n 24
*2
0
an h attan Beach Co—
45 M ar 28 5 58 J 'n e 10 40 J ’ly 52 Dee
aryJand Coal, p re f.. . . .
*45
52
140 M ar 9 14 5*F eb 10
M ergenthaler L inotype. ..
§54 J a n 29 154 J a n 29 42 May 01 Sep
Michigan Penln. Car, prof.
57 J a n 20 7 6 * J ’ne 29 88 A pr 60 Aug
•72
74 M innesota Iron
1,562 20*M ar 20 S7U Jan 7 2 1*F eb 44 8ep
34* 34*
ational Lead..
796 99 A pr 22 109*F eb 10 8 8*F eb )0 9 * 8 e p
Do
pref.
107*107*
50 15 M ar 25 2 l* M a y 23 10 May 2 8*A ng
*16
17 N ational Linseed Oil.........
8 May 13 Aug
5 A pr 25
9 Feb 10
*5
7 N ational S taroh..................
00 M ar 25 80 J a n 18 51*M ar 90 Sep
Do
1st pref.
•6 7 * 80
8 * A p r 45 A ug
15 J ’ne 29 30 J a n 27
Do
2d pref.
•1 7 * 30
*35
45 New Cent.Coal (new stock)
22
Dec 81*A ug
480
3
14
A
pr
5
51
J
’ne
N.
Y.
A
ir
B
rake.............
*41
43*
6 * Aug
3*A pr
18,781
.ViJ a n 15
7 * J ’ly 7
7
7 N orth A merican Co. . ..
3 * N ov 1 0 * J a n
3fc(Ja n 4 4 J ’ne 11
*3
5 O ntario Silver............
3
9*8ep
24
Jan
.
21
3
2*F
eb
4
1,610
A pr 21
acific Mail,
2 9 * 20*
§325 M ar 23 §350 Feb 25 330 Dec 340 Mar
*840 . . . . . .
e nnsylvanla Coal.........
9 9 * 1 0 0 * People’s Gas-L. AC.(Chlo.) 53,479 8 6 * M ar 2(5 104*M ay 31 91 Nov 97*D ee
7,890 105 Mar 12 210 J 'ly 5 152 Jan, 185 Sep
2 0 9 * 211 Pullm an's Palace Car. . . . .
4 * A ug
2 * Jan 7
H *J’ne
2 J a n 20
uicksilver M ining.........
*1*
2
8 Apr 18 Arm
5 J ‘n e 2
OWJ’ne 18
Do
pref.
*5
8
5 0 * A p r 4 58 J ’ne 10 5 1«A ug 0 5 * J a n
ilver Bullion Cortiflo’t ’i.
♦5 8 * 5 9 *
14 3 * J a n 21 1147 J a n 24 81 Jan. 140 De#
tandard Gas (N. Y .).......
2 * Deo 1 1 * Jan
94
8 * J a n 8 7 May 23
Standard Rope A T w ine...
3,470 17 Mar 12 26*. |Jan 11 17 May S 6 * 8 e i
25
J H rP e n n . Coal Iron A RR ,..
9 Ano
0 Apr
5 May 27
7«( J ’ne 8
X exas Pacific Land T ru st
31 38 A pr 14 $45 Feb 9 37 Feb 48 J ’ly
$42
42 U nited States Express ..
0*M ay 10*A ug
1,852
nlted S tates L e a th e r .,
S', A pr 25
8'^May 24
7*
7*
2,481 5314-’Mar 26 69*M ay 25 50 A pr 72 Sep
Do
pref.
6 0 * 6 0*
2 5 * 2 0 * U nited States R u b b er....... 15,552 14V !M.ar 12 SSWJ'ly 8 10 J ’ne 2 5 * J a n ,
8,710 60 M ar 12 92 J ’lY 8 50 J ’ly 7 6 * J a n
9 0 * 92
Do
prof.
2d §112*M ay 5 1124 J ’ne 24 97 Jan. 20 Dee
*110 122 YXTel Is, Fargo A C o .
oaten Union Teleg’h. 10,358 8 2 * Mar 26 95 J ’ne 24 75*M ay 90HSop
©2* 9 3* i ▼oatem

*35* 8 5 * •38
*86
180
87
♦57
137
57
l i o i j n p j 117
* i*
§1*
*3*
5
M
<4*
43* 44*
4 2 * 44
43
•03
64 ] 64
65 I 64
65
*170
.........>170
......... *170
....
7
17*
IV *
1 8 * 1 8 * 1 0 * 10*
47
4 5 * 40
4 0 * 47
42*
2 t*
2 8 * 188* 38H *28* 23
■180
. . . . . . *180 . .. .'. . •180 . . . .
120
28 *20* 20
*20* 20
6 6 * 160
70
♦66
60
•m *
122 * 1 8 1 * .........> 1 8 1 * . .. .
7X4 *7
8 I *7
8
•58
6 0 * 6©
50
I 150* 60
2 1 * *20* 81*1 $21
2 1 * •20
7* -7 * 7*
*7*
7*i
6 2 * 01
01
§01
01*
61
28*
28* 28*
2 8 * 28*
5
♦5
6*
H*
i i " #i o * i i * ! #i o * i i *
•18
18
21
?!
i s * ................
•80
81
*73
81
•80
86
143
144 145
153
140 140
10*
10
10^
1 0 * 10]
10*
8* ' *8*
8*
8* 8)
*s*
81 ! 30
3 0 * | 3 0 * 30[ . 3 0 *
1 2 * 12
1 2 * 1 2 * 1 2 * §12*
177
180 175
176 170
170
25
• 25
• 20 .......
45
• 45
|*. 40.......
.......
24*
2 3 * 24
24
28* 24*
01 | 5 0 * 5 9 *
00*
59* e o r
0 *!
6*
0*
6*
6j _
5*
7*
*7
7*
♦7
7*
*7
10* 18* 18*
19*
IS * 19*
93*j 0 3 * 9 3 *
0S* 03* 9 3 *
§1M
1*
1*
3*1
1*
1*
8*
m
«*
9*
©* 9 *
§ l*
. .

44*
•0 0

170

F r id a y ,
J u ly 8 .

[V ol. LXV11.

2

8

6*
26*

N

P

Q

S

I Law th a n 100 shares.
at

foot of

S tr e e t R a ilw a y s .
Kings Co Traction—Stock
35
Nassau Elec 5s 1944. AAO
99
NevrWmb’gA Fn»tex.4*fl
1 0 9 * | NY A Qu« Co 5 b 1940. A AO
List.
Steinw nvl BtdBl VI23.JAJ
O T IIE R CITIES.
Balt Consol—Stock—See
105
Brldgep T r-l Bt58*23.JA.l
I0IV4 Buffalo S treet Ry—Stock.
100
1st consol 5b 1931 .FAA
......
Crosstown 5 b 1932MAN
10 j Chicago City RR—Stock..
Cttlaens' St (In d 'nap)-S rr

Bid. Ask.
45
DO
108 104
101 108
$114
B alt L
$100
79*
$111
$108*
258
Phil a

* Ex dividend o f 100 per oent in bonds.

7 coNSBOrmvs

pa ges).— S

H treP t g n l l w a m .

Bid. Ask.
00
102
53
$108 100
49
50
101 102
100 101H
Pblla list.
12
13
69
70
$112 h i m
34
39
00 100

55
C leveland City U y . T
C level C fllj-lst 5s ’09 , JAJ $100
50
C leveland E lectric R y —
Con 5s 1913...........MAS
CoiumbuB (Ohio)—Stock.

116*
Con 5s 1 9 3 2..............J&J
Crosst.’w n-1Bt5s’3 3J &D
1st.
Consol T ract’n (N J )—See
105
HO* Lake S t (C hidE lev-Stoek
lnt 5 b 1 9 2 8 ............... JA.I
112*
L ou Ibv St Ry—5 p c bonds
1 10
Common.................. .
275
‘iBt. 1 P re fe rre d .......... ........ .

T R E E T R A I L W A Y S , <&e.
Bid.
S tr e e t R a ilw a y s .
Love Elect True (C hloL ..
LynnABoa-lflt. 5g’24.JAD M O sji
MetroP W est Side (Chic).
1st 5» 1042............ F&A $ 52
M lnneap St Ry-5B’10.JA,J .....
1
New O rleans T r—C om ....
7
P re fe rre d ................. .
Notes 0s 1 9 0 4 ....M AN
N orth Chicago—Stock—
1st 5a 19O0-16.........JA J $104’ '
No Shore T r (BoBt)-Cora. 10
70
P re fe rre d ........................
$ Buyer pays accrued Inter©

A ik.
104«
3
..g ft
10
75
215
105
15
70
st.

THE CHRONICLE—BOND

JU L Y 9, 1898.]
BONDS.

!

S .Y .S T O C K E X C H A N G E ; | ' C
W e e k E n d in g J u l y 8. .S it
A Chic Jnc. SwB&O.
iabam a Cent. See Son Ry. I
Akron
A labam a Mid 1st gu g ... 1928 M- N

P ric e
F r id a y ,
J u l y 8.
B id .

W eek’8 |>i-e
R a n g e o r |S"S
L a s t S a le. 4 50

Range
fr o m
J a n . 1.

± 8 k. L o w . H ig h . N o. L o w . H ig h

PRICES

(5 p a g e s)

Jan .'9 8

91

P rice
F r id a y ,
J u l y 8.

BONDS.
N .Y . S T O C K E X C H A N G E
W e e k E n d in g J u l y 8.

Ches A Ohio—(Con.)—
Gen gold 4%a................1992
R egistered.................. 1992
Albany & Susq. See D A H .
R A A Div 1st con g 4s.l989
Allegheny Val. See Penn Co.
2d
con g 4 s................ 1989
Am Dock & I. See Cen of N J.
Craig Valley 1st g 5s. .1940
Ann A rbor 1st g 4 s........ 1995 Q -J t
84% Sale
SIX
81
S3H
8694 W arm Spr Val Is tg 5 s .l9 4 1
Atch T & S Fe gen g 4s .1995 A - O 04% Sale
33%
94«l
85
94?fi Ellz Lex A B S gu g 5s. 1902
R egistered.................1995 A - O ...................
89% M ar'98
895, 89941
A Alton sink fd 08.1903
A djustm en t g 4 s.........1995 Novti 085s Sale
67J4
68^ : 734 535, 68% Chic
Lou. A Mo Riv 1st 7 s..1900
R egistered..................1995 Novti ...................
2d 7 s............................ 1900
Equip t r ser A g 5 s .. ..1902 J - J ...................
St L J A C 2d gu 7s__ 1898
Chic A St Louis 1st 08.1915,31-3 ..................
Miss R iv B 1st sf g 0s.. 1912
A tl Av Bklyn imp g 5 s.. 1934 J - J i ..................
Chic Burl A Nor. See C B A O.
A tlan & Danv 1st g 58. .1950; J - J ..................
9954 J 'n e ’98 . . . . 95
9954 Chic Burl A Q—Con 7 s ..1903
A tla n ta A Char. See Sou Ry.
Sinking fu n d 5s........... 1901
A ustin A N W. See So. Pac.
D ebenture 5s................ 1913
a t Creek A S. See Mich Cen
Convertible 5s...............1903
a lt A O 1st 0s Pkbg B r.’19 A -O 110% Sale 110
1105s'! 64 !l00 11854
Iow
a Div sink fd 5 s ... 1919
Gold 5 s......... ...1885-1925 F - A
11454 114441 1 | 80 l l i g
4 s ................................. 1919
Coupons off.........................i.........
Denv
Div 4s.................. 1922
R egistered.......1885-1925 F - A
.............. 108 J ’ly '9 8 . . . . 95 113%
4 s .....................................1921
Eng certf o f d eposit.........1.......... 108% Sale 10854 109
51 90 110% Chic
A Iowa Div 5 s .. ..1905
Consol gold 5 s..............1988; F - A! *112 ......... 11254 11254 180 97 113% N
ebraska E xten 4 s__ 1927
R egistered................. 1988 F - A ..................... 10854 M ay’98 . . . . 108 103%
R egistered..................1927
J P M A Co ctfs of dep. ........... 112 112% 11254 J ’l y ’98j . . . . 97 113% H an.
A St. Jos con 08..1911
B alt B’lt 1st g 58 in tg u . 1990 M -N
98 100
99% J ’ne*9Sj . . . . 84 100
Chic
Bur A Nor 1st 5s. 1920
W Va A P 1st g 5s.......1990 A - 0 .....................
Chicago A E ast Illinois—
Monon Riv 1st gu g 58.1919 F -A ....................
1st sf cur 0s....................1907
C enO hto R Is tc g 4 % s l9 3 0 M -S 101 .........
90 100
S m all.............................. 1907
Col ACin M ls t e x t 4% sl939 J - J ....... ............
1st con g 0 s....................1934
Ak AC J I s tin tg u g 5 s .l9 3 0 M -N ....................
General con 1st 5 s .... 1937
Couponsoff.........................!.........j 98
......... 80 Nov’97
R e g iste re d ................ 1937
P itts A Con 1st g 4 s ... 1940 J - J .................... 100 J ’ne'98
105%100
C hicA IndC R y 1st 5s. 1930
B A O S W lstg u g 4 % s.l9 9 0 J - J 1 0 1 % ......... 102% 102% 15 98% 103 Chicago
A Erie. See Erie.
BAOSW R ycong4% 8 1993 J - J .................... 00 J ’n e’97 ...
Chic Ind A Louisville—
1st lno g 5s ser A ....2 0 4 S N ovt .................... 27% J ’n e’98 . ..
27
27% I Louisv N A A Ch 1 s t0s..’10
Series B ...................... 2043 Dect ....................
9 J ’n e’98 . ..
8
Chic Ind A L re f g 5 s .. 1947
B A O S W T e rC o g u g 5 s.’42 >I-N .................
R efunding g 0s............. 1947
Ohio A Miss 1st con 4s. 1947 J - J 103% 105 105% J a m ’98 ..
105%105% Chic A Mil. See Ch. A N W.
2d consol 7s............... 1911 A - 0 120 . . . .
120
121% 25 120% 121% Chic M ilwaukee A St Paul—
1st Spr’gfleldD lv 7s. 1905 M -N .........100
104% 104%
2 102% 107%; 1st 7s $ gold R D .........1902
1st general 5s............1932 J - D ..................
1st 78 £ gold R D .,.,1 9 0 2
Beech Creek. See N Y C A H.
1st Iowa A D 7s........... 1899
Bel A Car. See St L A A T H J
I
1st C A M 7s................ .1903
Boonev Bridge. See. M K A T.
Chic
Mil A St P c cn7s.l905
Bway A 7th Av. See M etS Ry.
1st I A D E xten 7 s .... 1908
Bklyn City 1st con 5s 1910-41 J - J *112
112 J ’l y ’98
11S 113
1st Southw est Div 08.1909
Bklyn El T r Co cf 1 stg0s 1924 ........ 93 Sale
30
j:
79
92%
03
93
1st La Crosse A D 5s.. 1919
T r Co c tfs 2d g 5 s....... 1 9 1 5 .........• ....................
88 J ’n e’98 •••• 80
80
1st So Minn Div 0s. ...1910
8d lnatal p d . .. ................... j......... ....... ..........
08 May’98 ■••• 08
08
1st
H ast A D Div 7s.. .1910
8 & B B T C o c fs l.tg u g 5 s ’4 2 ........! ................... 70% Dec *97
5 8 ................................. 1010
3d Instal pd..................... j........ ...................
Chic A Pac Div 0s.......1910
U n E lT r C o c f s l9tg u g 6«\S7 i........j 92U Sale
92% 12 ■go" 02 %
Chic A P W ls tg 5s.... 1921
Bkljm Rap T r g 5s.......... 1 9 4 S |A -O |1 0 4 Sale 108
146 I 91 104
104
Chic A Mo Riv Dlv 5s. 1920
Bklyn & M ontauk. See L Is!.
M ineral P oint Dlv 5s..1910
Bruna 4 West, l s t g 4 s .. 1988 J - J ...................
Chic A L Su Div g 5 s .. 1921
Buff N Y 4 Erie. Sea Erie.
Wls A Minn Div g 5s. .1921
B u ffR * P gen g 5a....... 19S7[M -S 105X Sale 105% 105%
104%100
Term inal gold 5s.........1914
D ebenture 6a ............ 1947 J - J ...................
F ar A Sou assu g 0s... 1924
Boob * P itta 1st c 6 s . 19211F - A ...................... 127 M ar'98
127 127
Cont sink lu n d 5 s.......1910
Conaol la t 8a ............ 1922 J - D 123 Sale 123
123
123 123
Dak A G t So g 5s.........1910
Cl A Mab la t gu g 53..1948 J - J .................. 103 A pr’97
Gen gold 4s series A .. 1989
fluff A Southw est. See E rie. ,
R egistered..................1989
Buff & Susq 1st gold 5s..l918l A -O ...................
Mil A No 1st M L 0s. .1910
R egistered..................... 1918 A -O ...................
1st
consol 0s............... 1913
B ar C R A N l i t 5a.........1906' J - D 100% 100% 100% J ’ne’98
104% 109 Chicago A N o rth w estern Con la t A ooi t r g 5 a ...1934 A - 0 100
105% J ’n e’98
100 100
Con
7
s............................ 1915
R egistered..................1934 A - 0
Gold 7 s...........................1902
M A S tL la t gu g 7 a .. 1927 J - D
R egistered.................. 1902
C R I P A N W l a t g 8a . ’20 A -O 105
108 D ec’97
Sinking fund 0s.. 1879-1929
1st gold 5a......................1921 lA -O : 164 105 i 105 .Tam’08
105 105
R egistered.......1879-1929
/C a n a d a South 1st 5a... 1908 J - J : 1 0 S X 109 1108% 1.09
107%111%
Sinking fund 5s. 1879-1929
^
2d 5s.......................... 1913 !i l l - S 109 109Xi 109
109%
105
111
R egistered.......1879-1929
Registered...................... 1818 ill- 8
100 Ja rn ’07
Sinking fund deb 5 s .. .1933
CarbASbairn. SeeStLAATH.
R
egistered..................1933
Carthage A Ad. See .VYC A 11.
25-year debenture 5s. .1909
C R I a F A N . S e e B C R A N .I
R e g iste re d ................ 1909
Central Ohio. See B alt A O .—I
30-year debenture 5s.. 1921
Can RR A Bkg Co o f Ga.—
R egistered.................. 1921
Collateral gold 5a.........1937 M -N
.01
.
05
92% J ’n e’98
87
03%; Extension 4 s .... 1880-1920
C e n to f Ga Ry—Is tg 5 s ..l9 4 5 F-A* .........118
114% J ’n e’98
114 119%,
R
egistered.......1880-1920
R egistered .................1945|F-A*
Gen gold 3%s................ 1987
Conaol gold 5«..............1945 M- N
87 Sale
87
84% 92%|
R egistered..................1987
Registered ................1945 M -N
Escan A L Sup 1st 0a. .1901
l a t p ref Income g 5a. ..1945 Oct.*! 30 Sale
39%
44%, Des Mo A Minn 1st 7s. 1907
30
2d pref Income g 5a.... 1945 Oct.* 13 Sale
13
15%' Iow a Midland 1 s t8 s ...1900
11
8d pref Income g 5s. ...1945 Oct.*
6%
May’98
5
Chic A Mil 1st 7s.........1898
8 %;
M A N DIt l a t g 5 9 ....1 9 4 8 J - J
91
Ja m ’08
92
92
W inona A St P e t 2d 7s. 1907
Mobile D ir la t g 5 a .... 1916 J - J
99
00
95%
MU A Mad 1st 0 s.........1905
Mid Ga A A tl Dlv 5 a .,1 9 4 7 lj - J ....................
O ttC F A St P 1st 5s..1909
C e n to f N J —la t eon 7a. 1899!q - J t j n o i W ......... 104% J ’ne'98
104%104%
N orth Illinois 1st 5 s... 1910
l i t convertible 7a....... 1902 M -N ................... 118% D ec’07
Mil L S A W l s t g 0 s .. 1921
C onvertible deb 8 a ....l9 0 8 [M -N i ' .........110J4 110% Feb.*0H
C onvertible deb 5 s.. 1907
N*v“v*
HI goldwo.
. . . . . . . IBO
9 8I 7a*!—
j -Jj | tlfi
112 ........ . 115 J ’n e’98
G
eneral
5a............1
E x t A Im p s f g 5s.. .1929
R egistered................. 1087iQ -Jt! 110% 8ale 110% 110%
Mich Dtv 1st gold 08.1924
Leh & WB C C onas7s.l900iQ -M l 100% 101 101 J ’l y ’08
A shland Dlv l s t g 0sl925
6s...............................
1912 M
M-N
V
6s .................................1912
-N *..........
05
00 J ’ne'98
In c o m e s..................... 1911
Am Dock A Imp Co 5s. 1921 jJ - J
115 J ’ne’98
Chic Rock I A Pac 0 s ....1917
N J South int guar 0s.. 1809 J - J
R egistered . .........1 9 1 7
Central Pacific—
D ebenture 5 s................ 1921
Speyer A Co ctfs dp A .1898 ..
101
108 Feb.’98
103 108
R egistered . . . . . . . . . . 1921
Speyer A Co ctfs BCD. 1899 ..
101
103 Feb.’98
103 103
General gold 4s............1988
E xt g 5s series E ........1898IJ - J
101% May’98
101%103%
R egistered..................1988
Speyer A Co ctfs dep E. 1900!
101
Des M A F t D 1st 4s.. 1905
Speyer A Co ctf FGHI. 1 9 0 1 ....... 101
1st 2%s....................... 1905
San Joaquin Brg0s...l9OO A -O
102%105
102% J ’ne’98
E xtension 4s............. 1905
Guaranteed g 5s.......... 1039 A - O
Keok A Des M 1st 5s.. 1923
Speyer A Co eng cts........ .............................. .
Sm all....................................
Land grant gold 5 s .... 1900 A -O __ ____ _ 102 M ar’98
100%102
Chic A St L. See A t T A 8 F.
C A O Dlv ext g 5 s....19 18 J - J; .................. 101 J a n .’98
101 101 Chic 8t L A N O. See 111 Cent.
Western Pacific g 0s.. 1899 J - J *100 ........ 104 J ’n e’
101 104
Chic St L A P itts. See P a Co.
No of Cal 1st gu g 0 s.. 1907 J - J ..................
Chic St P M AO con 0s. .1030
Guaranteed gold 5s. 19381 A- OiMOl ........ 101% 102
Ch St P A Min 1st 0s. .1918
100
CentWash 1st g0 strctfsl939 ....... ................. . 40 Feb/08
Nor W isconsin 1st 0 s.. 1930
40
Charles A Sav 1st g 7 s.. 1930 J - J ....................
St P A 8 City l s t g 0s. 1919
Ches AO — P M fd gs 0S.1898 J - J .................. 101% Jam 08
101% 101% Chic T er T ransfer g 4s .. 1947
Gold 6s series A ........... 1908 A-Ot
1 1 8 % ... . 118 J ’ne’08
118 120% Ch A W est I 1st s f g 0s. 1019
9 ° Id 6s..........................1911 A-OT 119% 122 119 J ’ne’98
115%120%
General gold 0s............1932
lajt cons g 5s............... 1939 >I-N 114% Sale 114% 114%
111 117
Chic A W est Mich Ry 5s. 1921
R egistered..
..1939 JI-NI .................. 114 Feb.'98
Coupons off.................. 1921
113 114%
91

OUTSIDE SEC U R ITIES
S tr e e t R a il w ave.
Prov A P aw t’c k -ls t 5s ’33
Richm R yA EIec-lst 5s’20
R ochester R y.....................
Con 5s 1980....... AAO
Scranton Traction. ...5 0
0 s ............ ........................
Bo Side El (Chic)—Stock.
Twin City R T r—Com. . . .
P re fe rre d .......................
Un’d T rA E lec(Prov)-9t’k
1st 5s 1°33
.-..M A S
W est Chicago o i . . ............
Con lo s e
......... m a n

(G iv e n " a t foo t o f

7

Ask. 1
Exch
15
95

17
96

c o n s e c u t iv e

Range
fr o m
J a n . 1.

A s k . Low . H igh. No. Low . H igh
83%
84%
73% 85
i02** 104% i0 2 " 102*’
99“ 105%
94
94
92
04
■ 98 ;;;;; ; 95% May’98
95
99%
10*2 103 102% 103* *
*97% 104“
113% Apr.’98
112%113%
108 J ’ne’98
107 111
107% Nov’97
104% M ar’97
33% Sale

115% Sale 115
115%
TOO ....... 107 Feb.’9«
.........108% 107% 107%
112% Sale H I
112%
107% ....... 109% Feb.’9a
101% Sale 100% 101%
100% ..
99% J ’ne’98
*100% ..
99 J ’ne’98
“99% SaYe" ’ 93% **99%
97 May’98
120 J ’n e’98
100% J ’ne’98
. HO

113%118%
104% 107
104% 109
104% 112%
109%109%
98 104
O'? 101%
99 100
35

May’98

12*2 Apr.’98
105%108 108 J ’ne’98
100% J ’ne’98
102% 105% 105 May’98

143

142

96% 10*6“
97 . 97%
119 123
105 110%
110

110%

12 2 “

13*6“

112
80
90

115%
90
105

140

148

101% 108%
101 100%
100% 109

. 115% J ’n e’98
90 J ’ne’98
. 103 J ’n e’98
May’98

118 121
111 117%
110% 117
107 110
112 113%
111 115%
111 115
127%127%

!“ ! “ i*2o*
120% 121

1*0*9“ il4 * ‘
102 107
104%105%
120 122%
117 123

107% 109

138 145
113 110%
112% 110%
113%118%
114 114
100 111%

104% Sale

!!“ its * '

111"
117
107%
109%
112
117%
104
103
99

18“ 1Y0"
►ni*4% *.“ “ ;

i‘05%i‘0’7%1
. 107% May’98

1*0*0“ 107%
101% 102%

il7 * ’ Jan.V98
109 M ar’98
105 Apr.’98
135
135
105% F e b ’97
113% J ’ne’O0
134 M ar’98
May’98
Apr.’98
J ’ne’98
128
107%

117“ 117“
109 109
105 105
132%137

1 33% .........

*127%
I *127 128%
107 108%

113%117%
133 134
133 135
112 113
127% 182
128 131%
104% 108
10*2% 105%
103% 108%
85
02
69% 70%

103% Sale” 103% 103%
103% May’98
“ “ “ “03“ 92 Feb ’98
68% ......... 70 Feb.’98
83 M ar’97
100% J ’ne’98
100 A p r’97
>*183

137% 133% J ’ne’98
132
132

>*181
80

Sale

118% .

p a g e s).—

118%
119
110%
109%
110%
117%
107
103
102

, 102% A pr.’98

114 “ “ !“ !
*130 .........
5 *130 .........

T Bonds due July. * Bonds due Nov. I Bonds due J ana.

Bid. A .k. 1
G a s S e c u ritie s .
105 100
W est Kud —See Boston
80
82
W orcester (Mass)Tr-Com
9
12
P re fe rre d ........................
96% 98*1
t 10
NEW YORK.
105 108
Central Union Gas—
00
01
1st 5s 1927.............. JA J
20
10
Con Gas (NY)—Stock—N
100
Deb 5s 1008.......... MAN
00
04 I E quit G as...........................
*105 107
1st Os 1899.............FAA
Con. 5s 1932...........MAS
I »8
08%
M utual Gas.........................

Weed’s
R a n g e or
L a s t Sale.

B id .

91

B

• No price Friday; th ese are latea' old and asked this week.

1.

vaqe

132
132
85%
80
100 J ’n e’97
118% 118%

Bonds due Jam

103** 109“

120% 188
128 -138
1*20“ 182%
79% 87*
7%
1 117% 122%
J Bonds duo May

G A S S E C U R IT IE S , die.

Bid. Ask. 1
G a s S e c u ritie s .
New A m sterdam Gas—
C om m on............
s i x SIX
P re f.....................
75
70
1st consol 5 8 ....
S102X lOkiti
N Y A E ast R iver Gas—
1st 5s 1944........ ...JA J 110 111%
105 107
Consol 5s 1945.

G a s S e c u r itie s .
BROOKLYN.
Brooklyn Um Gas—N Y St
1st con 5s—N Y Stock
W illiamsburg Gas—1st 0s
OTHER CITIES.
Baltimore Consolldat—Se
Bav S tate Gas—N Y Stock

*104% 105
Y Stk
Boston UnltedGas Bonds1st 5s 1927.......... ..MAN 90
95
108 111
Buffalo City Gas—Stock..
Standard Gas—
1st 5s 1947............AAO
102%j
139%
*101
150 155
*118 110'“
*And interest. tPriee
1st 5s 1930.......
« n o x 114X
830 840

Bid. Ask.
ock E xcb.
Exch.
*102 103
e Balt. List.
Exch.
-Bosto nLlSt
24% 25
{ 94X 95
per sb are

THE CHRONICLE.—BOND PRICES (5 pages) Page x.
BONOS,

51

K .T .S T O C K E X C H A N G E i t
C J*
w * tK E n d in g J r i . v

i*ri«s
F r id a y ,
J u l y 8.

1 > ~.‘
BONDS.
N .Y . STOCK. E X C H A N G E i Z
i
s
w
W e e k E n d in g J u l y 8.

Mango
fr o m
J a n , 1.

I f l t k ’i
-Sts
R a n g e or
L a s t S<tlc. l i

Mr ice
F r id a y ,
J u l y 8.

B id. A. «k.
ild . A t k , Lotc. h ig h . S o . Line, h ig h
P -A .........
119 Get. mi
Cln U X D cot> • t T»__ ivuf. A ' ft
J - J 114
103% o c t.’w?
gold <***..,........ . . . 193? J - J
1st general guld 5 s .... 194v A -O * S3
U1
107*6 111R
Ciu DA l 1st g.n « 5 s .. IV* l 41-N ♦....... . 110 108% J ‘no'08
A- o
Ci
L X C, $ « C C C A 8t L,
Sull Co Br’ch l»iy5s..tV8M A -O
Cta 8 A C\
C C C A Si E |
avAim! H i eou gu g 0» .1920 J - J
OU? A 8 Hy Balt 1»t * 5*. I W J - D
CVargo A80- See Ch MA St P.
Cle<*rTfi4 A Mah. 8 m BHAP,
L tint A Per© M g 0 b,..,1O 2 u A -O *115 *
Cl A t A C r<i A 2d t «s..J«3tj F- A !
02
M-N
92%
70 .PiuVua
t!9*6 73*6
Cl A C1M» U t 5» tr ra e .», H )If M * J ,* ......... 75
91
82
83
A -O
C C C A St D—U en # is .J O v * J - t> •.. . . . . . 82
sa j'no'BN
90
.1 -4 *100
88 J*rm‘M0 .... 88
Cairo l Ur t i t f a lo G - 1W3W J * J 1
la t land gr e xt gold 5s. 1031'! .1 - J
95%
95% 28, 90% 98*6
Bi J, Div titc o l ir g 4*.10UO M- N 05% Sale
.1 - .1
90
03
0G M ar’9a
K««1'term'd.................ItttiHi M- N
F t 8 A V B llge. See StEASI-.
8t>r A Col l n r n i g 4s. IW40 M- h
“ho" “88*i Fort St U D Co 1s t g 4*6s 104 1 4 - J *103
80 J ‘noT»8
W W V#1 PIT !*X h 4s. 1940 J - J
75 Sale
89
90
J-!>
90 A pr.’98
Ctn W A it PIT 1st* 4s. 199} J - J
J -J •
50
08% 101
99*6 Majr'98
Cln l St L A C l f l | ♦*.1»30 \> -F t
Fulton Elev. Set Kings Co El.
Koi»tslc(«(l
N 'H i
/ i a l H ar A S A . Set S P Co.
Co&toi t\ * ...................ittdv u - ‘N ...........
v«8l HAH Of ‘82 ls t 5s. 101 3 A -O
93 Sale
Cln 8 A Cl n'Q I t t g &1 1928 4 - J . . . . . . . .. 114 Oct-'w^
A- O
Ind Bl A W 1st pf 7s..I9lK* J - J ................... 107*4 Feb
J - J
93 Sale
O lcU A W 1st pi 5*-..193> Q -JJ ...................
Georgia Pacific. See So Ry.
70
70
7714
79
P *0 A East U t c-u 4 * .1 9 4 < A -O
7S Sale
10
G rand Rap A Ind. See Pit Co.
14
Income 4>...................19WP A p r * 13 . . . . .
1 b% J 'n e ’OS;
an A S t J . See C B A G.
'102 185Jj
01 C C A Ind H i s t
NOV* Al-N . . . . . .......... 103H 163*4
..1 3 1 * 6 187
ouaatonlc. See NYNHA1J.
Consol 7*..................... 1914:4 -*) 131 ** 13 4 181*6 J W W
Hoiiflt E A W T l s t g 5 s . 1933 M-N
01*6 Sale
Consol sinking fd 7s...1 9 1 4 :4 - 0\ . . . . . . . . . . .
’•I 127M is?M Lions A Tex Con. See So P Co.
Gen «r*| consol Bold 0 s.! 984, J *•! . . . . . . . . . . . 127*4 M ay'98
llinois Cent 1st g 4 s ... 1051 4 - J 110
Registered ................ 1984 4 - J ...................
R egistered..................1951 .1 - J 109*6
. 1107*6 OcL’07
CAS lS t M C C C A 17a. 1801 A - Oj
100 103
1st gold 3*6*........
1951 .1 - J 102*6 10,5
.1 0 3 M ay198
Cl Lor A W b con lot 5s. 1933 A- O 103
R egistered.................1951 .1 - J * 09 103
Cltsr A M arietta. See P a H1C
1st gold 3s s te rlin g ..,. 1951
Clev A Mstiirn Val g £s.-193t* 4 - J
R egistered............... ..1951 >1 8
R e g iste re d ............... 1988 Qu-J
Coll T ru st gold 4 s .. . . . 1952 A -O 104 Sale
Clev A P u ts. S « Ponn Co.
R egistered.......... .. ..1952 A -O
Colorado M 0 I* n l—
I* N O A Tex gold 4 s .. 1953 M-N ....... 101k
1st g 2-8-4* ................1947 J - J .......... 57*4 59*6 J ’ne’98
R egistered............ ...1 9 5 :' M-N
1st k 4 s . . . .....................1947 jJ - J! ..............
Coll tr 2-10 gold i s . ...1004
Col A 9th A t . Set Mot St Ry. j
R egistered...................1901 4 - J
Colon) A G reenv. Set So By.
W estern Line 1st g 4s, 1951 F- A 105
Col Hock Val A Tol—
!
R e g iste re d .................1951 F - A
75 GcL'OT
Con * 5*.........................1931 M- SI ........ .
Cairo B ridge gold 4 s.. 1050 j - f)
79 H
79*6
:
70*6
54
R egistered . . . . . . . . . 1950 J - I)
61 Feb.’98
4 - 1 ..................
Middle Div reg 5 s .. ., . 1021 F- A
General lien Hold 4 s ... 199b J - J | ..................
Chic St L A N O g 5s. .1981 J - D 121*6 Sale
........
R e g iste re d ................195 i lJJ -- DD
Col A Cln Aid. S it B A O.
Mem Div 1st g 4 s ..,, 1951 J - D 103% 10-1*6
Col Conn A Term . Sr* NAW
j
R eg istered .;.......... 1951 J I)
Conn A Pas R lvs le t g 4s. *46 A - O
Bellev A Car 1st 6s. ...1 9 2 8 J - D
ak A G t So. S it C A1 A S tP
90
St L Sou 1st gu g 4 s ... 1931
alias A W aco. Set At K A T.,
90
122 128
Garb A S L stg 4 s.........1982 M -S
Pel Lack A W estern 7a.. 1901 |M- fe •!2 5 130 122 A pr.’OS
125*6 125*4 Ind B1 A W. Set C C C A St
Syr Bln* A N Y H i 7a. 19061 A - O *125 127*4 125*6 M u r'98
137*4 144 • Ind Dec A W l s t g 5s— 1935 4 - J
140
140
M om s A E ssex 1st 7s. 1914131 -N 139
................................1901 .1 -.1 . . . .
la d 111 A la 1st gold 4 s .. 1939 .1 - l> 8SJ-1
109 Nov’9
7*.............
1871-190! A- 0 *110
1s t ext. gold 5 s.............. 1043
110*6 J'tie '9 8
107 113%
1st c o ng u n r 7 a ..,.,.1 9 1 5 1 4 - li
139 J ’ne’06
136 142*6 lilt A G t No 1st gold 0s. 1919 M-N ►ilBW 122
87
88
R eg iste re d ........... .1915 4 - 1 )
2d gold 5s............ .......... 1900 M- 8
58
3d gold 4s.......... ' ...» . ,1921 51- S *
180% 188%
N Y Lack A W 1st 6s. .1921 4 - 4 13054 Salo 138% 130%
10wa Central l a t gold5s. 1938 J - D ib
102
Construction 5 s ,. . . . 1923 F- A
118*6 N ov’O''
I owa M idland. See. Ch A N W.
W arren 24 7 s .............. 1900 A- O
J offers on R R. See E ri e.
143 143
143 May19 8
Del A Hud 1st PaD tv 7a. 1911 M -S
143 May'97
R egistered................. 1917 M -S . . . . . . .
a lA & G R . See L S AM 8.
123*6 J ’ne’98
Alb A Sue Iato o n |p a7 sltt0 6 A - 0 121*4 •
120*6 125*6
an & Mich. See Tol & O C.
R egistered................. 19061 A -O 120
Gold 0s...................... 1900 jA -O 115 .
115 J’ne’08
110 118% K C & MR&B 1st gu g 5s. 1929 A- O
R egistered..............1906 A - O 114
.
117 117
117 Feb.’98
K C P A G L st& colg 5s. 1923 A -O
08^
148% Aug'
Kan C A Pac. See M K A T.
Hens A Sar le t 7a........ 1921 41-N *144*6 •
Kansas Mid. See S t L A S F
R e g iste re d ................ 1921 4I-N :M 44*6 ,
141 M ay’98
K ansas Pac. See Union Pac
Pel H it RR Bge. Set P a RR.i
K entucky Cent. See L A N .
Den Con T r CO H t g 5s.. 1933 A -O ............
Keok A Des M. See O K I & P.
Den Tram Co con g 0a. 191 o J - .1
Kings Co El aer A 1st g-5s ‘25 J - J
58 Sale
Met Ry Co 1st gu g 68.1911 J -_J
B’ul El 1st gu g 5s s e r A .’29 31- S 48 Sale
Den A R G r 1st gold 7s. .1900 M-N ►108 ....... 108 J 'l y ’98
108 110%!
03
93H
1»t con g 4 » ................... 1980 4 - J
....
87% 95%l Knoxville A Ohio, See So Ry.
f ake Erie A W 1st g 5s. 1937 4 - ,1 * . . U «H
Im provem ent gold 5a. 1928 J -D
9 ) J i Sale
85*6 03
91%
92 •
JU 2d gold 5s.................. 1041 J - 4 100 102H
Des M A Ft D. See C R A I P.
101
N orth Ohio 1st gu 5s. .1945 A -O *
Dee M A Minn. See Ch A N W.
L ake Shore A Mich South—
D ei M Un Ky 1st g 5 a ... 1911 M-N
98
99% J ’n e’OS
97 100
127
Det Mon & Tol 1st. 7s. 1900 F- A *
D el 51ATol. See L S AM So. |
Lake Shore dlvid 7 s ... 1809 A -O 103
B et A ila c k 1st lien g 4 a 1005 4 - D
Consol 1st 7s....... ...1 9 0 0 J - 4 1 05^
Gold 4s..................................... 1995J - D
Dal A Iron R ange 1st 5s. 19311A -O
R e g iste re d ............. 1900 0 - J* 105%
105*6 105% J’ ly *98
104 110*6
R egistered.......... ......1 9 8 1 A -O
Consol 2d 7s...............1003 J - D 115
R egistered...............1903 .1 - D 115
2d lien mortgage 6 s ... 191« 4 - J
Gold 3*6s.................... 1097 4 - D ♦104 1U4K
Dal Red W A S 1st g 58.1920 4 - J
92*6Feb.*98
92% 92*6
R egistered. . . . . . . . . 1097 4 - D
107 J ’ne’98
Dul So Shore A A t g 5s. 1937 J - J 106
101 107
CiDASp 1st guL SAM 8 7a 01
?ast of Minn. Sea S t PM AM.
K A & G R 1s ig n e5 aJ 938 J - J
JM t T Va A Ga. See.So Ry.
Mahon Coal RR. 1st 5s.'34
Hits Lex A B S. Set C A O,
Leh Val (P a) ooll g 5s .1097 M-N ........ j
Elm C ort A No. SeeLeh&NY.
Registered . . . . . . . . . . . .1907 M-N
Erie ta t ext g 4 s .. . ....................19413I-N
I I I 115 112
112 HO
1 12*«
117*6 J ‘n e ’98
2d e x t gold 5s...... .
10141 M- S 118
11056 117*6 L e h V N Y 1st gu g4*6s.. 1040 J - J 102*6 Sale
R eg iste re d ............. .,,.1 9 4 0 J - J
3d e x t gold 4H»......................192S31-6
U 1*6 J ’no’98
108 111*6
11 1 M
Leh V T e rR y ls tg u g 5sl041 A -O 110%
4th e x t gold 5 s.............192< A -O 110*4
113 118
117 J ’ne’08.
R e g iste re d ............. ..,.1 9 4 1 A O
104*6 J ’n e ’98
5th e xt gold 4a........................192- J -102
D
104*6 105
138 147% L V Coal Co lBt gu g 5s.. 1933
141 J ’n e’yS
lstc o n ao l gold 7a........192H M -S 142
R egistered......................1083 .1 - J
140 143
1at consol gold fd 7 a.. 1920 M -S
140 M ay’98
Leh A N Y 1st gu g 4s. ,.1940
137
139 137
Long Dock oon gold 6a. 1935!A- O
133*6 130
R egistered.......... . ...1 9 4 5
B uflN Y A Erie lB t7 s .l9 l6 jJ -D
133 133
133 J ’n e ’98
El C AN l s t g 1 s tpfOu.1914
BatT A S W gold Os....1 9 0 8 J - J
Gold g e ar 5s.......... ..1914 A -O
S m a ll.............................
J-J
Leh A Wlikesb. Set C ent N J .
Jeff KK 1st gu gold 5 s.l909 A-O) 104
100
Feb.*93
106 100
Chic A Erie 1st g 5 s ... 1982 31-N 110*6 .
Leroy A Caney Val. See Mo P.
108 113
111*6 111*6
Lex A y A P F. See M et S t Ry.
Coal A HR 1st c gn 6s. 192213I-N *100
bitch Car A W 1st g 0 a ..! 910 4 - J
20
Dock A Imp la t eurOs.1013; J - 4
N Y A Green L gng5#.l& 40|3I-N '106
L ittle RAMetn 1st g 5s 1937 )
105*6 Oc l ’97
S m a ll..,.,* ......,.,..,,,,... . . . . .
T ru st Co c e n t s . . . ............ J
Brie 1st con u 4a pr bda.1990 4 - .1 0OM Sale
90*4 ’ 90% 52 84% 03 I Long Dock. See Erie.
R egistered..................1998 4 - J
Long Island—
Is le o n genllong 8-4», 1996|4 - J 73*6 Sale
1s t con g 5a.......... ,....1 9 3 1 0-.JS *
120
00
75
78*6
7856
Gexteral gold 4 s . . . . . . . 1938 J - D
K cgjatered................. 1990 4 - J
Ferry 1st gold 4*6a...,1922 31-8 . . . . . .
. 108 108 J 'n e ’98
N Y 8 A W—1i t re f 5s. 103714 - J
i 09 1089i
2d gold 4U a................ 1937 F - A j
Gold 4s.........................1 9 3 2 4 D
84% 91
90 M ar *08
. 92
General g 5 » .. . . . . . . . 1940! F- A j
88
98
02
J-D
99
Solo
93*6
M S
110 A pr.’08
Term inal l s t g 5»— 1943131 -N'|
110 111**
Regis 85,000 each. 19481M -N !
2d In c o m e .............. 1927
90% III!!! 1 08” *98*6
A- O
W llkA K osU tgug 6*1942{J -D
1 9 8 % io ifc
M- r*
114%121
120
Mid RRofN J ls tg 6 s l 910 A - Ol 120 Sale 120
M f a A I. Sup. See, C A N W.
|
31 -8

H

I

U

fV0L. LXVII.

R a n g e or
L a s t S a le.

M angt
fr o m
J a n . 1.

11

Late. H ig h . N o.\ Loxo. H ig h
05 N ov'97
118
118 J 'n e ’08 . .. . n a
SB
SBJ.
82
SB*.

8 i

....
78
•••• 1 7 7 *
i 5*10 117
114% J ’ne‘08
93
98
4 85
05
83
91 J ’no 08
02*
77*6 Feb.‘93

. .. .
105 105
105 M ar'98
71%
75*4 54 65
7 t*
50 M ay’08 . . . .
5-1H 6 0 *
92

92

88H

02*

92

02

92

92

00*4

» lk

2
25

88

9 t*

115 M ar‘98
108*6 J ’ne’98
105 M ar’9b
102*6 A pr.’08

113%
108*6
105
! 101

115
108*6
105
10**6

104
104
103 A pr.’08
101% 101%
101 M ar’98
90 Sep.'07

1 j 100
103
4 1 1 97«
101

104
108
I02M
101

105

i

J ’ly '98

101

.........
105

■■, ■
131^

la iu

8 ,115*6 1*3*4

103*6 J a n .’98 :::: 108*6 103%
.......
90 Nov’07
100% 100%
86 Jan.'9t>
118

18

J ’ne’OS

57*6 *1'n e ’WS
101
101

97
86

104
88

116
78
44
97

ia s *
90
60
108*

K

I

* No price F rid ay ; those are la te st bid an d asked tbU week.

OUTSIDE SEC U R ITIES
I Bid.
O n w8 p c n r l t l c « .
Ob afloat on (8 C) Gua. . 7i it.........
fjbartlers Valley O n s ...
Chicago C onsumers 1st 5sf
Chicago Gas—See N Y 81 ck Ex
Cicero G u Co 1st 0 s. . . .
C incinnati Gas A Coke.
^1ty Gas (Norfolk V n).,
86
98
1st 0 s - . . . . ...................
Columbus iO) Gns—Stock!l 35
5 09
1st 5s 1 9 3 2 .......
Balt L
CtmiOlidfft Gas (Bn
18
Consolld Gas ( N J ) —8tCk
«n

(G

iv e n

at

t Bonds due August.
foot

Bid.
Ask. j
lin n W ec riritlc a CoDsum Gus (J C lty)- -8tlt 71
18
. . . . . . s 1st 6a...................... MAN 100
CM.

j

104%
38
105
87*6
102 1
1st,
21
88

of

75
86
73
09
42

1st 6s 1008 . . . . . . MAN

72

c o n s e c u t iv e

pages

C3a.ii H ecu r i tie * .
Indianapolis Gas—-Stock.
1st 6s 1920............ MAN

89

60

65

81«

50
38

59
48

91
8

40
35

59
48

116 May’98
104*6 J ‘iie'S*
102 J ’lie 98

115
95
100

117*
1MK,
103

121 A pr.’98
106*6 Feb.'98
J 09 M ay’98
105% J 5n'e’«8
115% J ’n e’9^
115% J ’n e’98
104*6 104%
108 M a r’98
108% D ec‘97

121
106
107
I05W
1 15%
1 I 5%
3 10*
lua

121
106*
no
10056
120*©
110%
100*
105

125
102*6
107

) . — Q-AS

in s

.....

D eo’97
102>6

......
2

A pr.’flS

92*6 M ar'98

99

104%

107

118*

92

F eb.’98

02* 92*
08
92

101

Sep.’9 7

......... ....... *

119*6 J ’n e’98
90 J ’ne’98 ....
80% A pr.’98
100

117 13G
8fi* 90
SB* 90
• .,, t

M ay’97

107*6 D eo’97

.........
1 Bonds due Jauuary.

Bid. Ask.
115 125
104 100
190
Exch.
77
80
88
91
62
58
7 2 * 75
00
60
58
« 0 != * 101

l^aclede Gas—N Y Stock
L afay ette (Ind) Gas—Stk
1st Os 1924............ MAN
78
Logan apt A W ah V al—St k
88 I H t 6s 1925 ............ J&D
77 | Louisville Gsa L ig h t. . . . .
i o i : Madison (V7tx) Gas—Stck
l a t 6a m ‘v ............ A AO
45
eo
Minn fin, l* 1010... M*R « i’0 8
75

Consol 5s 1918—Se«N. Y. Ex. List..
90
95

Denver Consolidated G is
Fort. W ayne ( Ind)—Ste -k
1st 6s 1025..............JtLJ
Gnuid Rapids—Stock.......
1«t 5» 1015............ V&A $
H artford (C t) Gas L . .. 25 t

7

Ask.
78
102*6

t Bonds d ue April.

68%

••-■•4
i Bonds d ue July.

S E C U R IT IE S , die
Has KfJcnrllieB.

Now Orleans Gas Light..
Ohio A Indiana.—Stock...
1st Os 1920 .............JAD
Peoples Gas A Coko—N Y
Philadelphia C o...........50
Pittsburg Gas...............50
New 5s...................
Portland (Me) Gab L...50
St Joseph (Mo)........... .
5s 1937................... JAJ
St Paul Gas—Stock.........
Consol 5s 1944 ....M AS
*And Interest. fPrlee

Bid. Ask.
W 5* n o *
50
59
09*6 72
StOCK Excfc
t......
f t 85
105 100
90
t 85
34
30
87
90
37 , 42
70
79
per sh are.

J u l y 9, 1898.]_____________
BO N DS
W .Y .STO C K E X C H A N G E ■3 i.
W e e k E n d in g J ctlv 8 . £ £

THE CHRONICLE.—BOND
P rice
F r id a y ,
J u l y S.
B id .

W eek a
R a n g e or
L a s t S a le.

« .
O

R ange
fr o m
J a n . 1.

A s k . L o w . High. Ho. Low.High,.

PRICES

(5 p a g e s) P

age

3.

6o
P rice
F r id a y ,
J u ly s.

BONDS .
N .Y . ST O C K E X C H A N G E
W e e k E n d in g J u l y 8.

Week 18
R a n g e or
L a s t Sale.

35

R ange
fr o m
J a n . 1.

B id. A s k . Low. High,. Ho
Long islan d (Con.)
Low. H ip k.
viorgan’s La A T. See 8 PCo.
Nor Sh D Lstcou g g u 5 s ..’32 0 - 0
Morris A Essex. See Del LAW
N Y Bay Ex K 1st gu g 5s’43 .1 - J .................... ......................
ash
C
hat
A
8t
L
1st
7
s
.’13
J
J
Mont&uk Ex gu g os. ..1945 J - J
128 131%
2d 0s.........................1901 J - J ' ........ 132*6 131% May’98
La A Mo Riv. Sec Chi A A it.'
Nov’97
1st con gold 5s............. 1928 A -O 1*02% 103 1105%
L S x St L C o n c u g o s. 1939. ) !
02%
102%
too 10b
1st
0s
T
A
P
b
...............1917
J
J
T r Co c e rts ........................ J ........... . . . . . . 36
33% J 'n e ’93
S2
36
1st 0s McM M W & A1.1917 J - J 107
General gold 4 s............1943 3 1 -8
9% A ug’97
...................
1st gold 0s Jasper Bch.1923 J - J *107
Lou A Nash— Jecel Br 7a 1907 M - 8 100 ......... 100 Nov’97
Nash Flor A Shef. See L A N
N O A M l st g 0 s.........1930 J - J *.........121% 124% May’98
New H A D . See N Y N H A H
2d gold 0 s...................1930 J - J *104 ......... 107 J ’n e’98
107 107^ N J J u n c R R . See N Y Cent.
E H A Nash ls t g 8 s ... 1919 J - D *112 117 113% J ’n e’98
113 i n ’* N J Southern. See C ent N J.
General gold 6s............ 1930 J - D .........118
117% 118 I ’ 1*0 H 6 « 1201^ New
A Cin Bdge. See Penn Co
Pensacola div gold 6s. 1920j31- S
103% Sep.’97
NO A N E prior lieu g 0s. 1915 A-OY
St L div l s t g 8s...........1921 -II-S
121 J ’l y ’97
N Y B A Man Bch. See L 1.
;;;;
2d gold 3 s...................1980 M - S
N Y Bay Exten RR. See L 1.
Wash A Dec 1st 7 s....... 1900 J - J l o r n
105 J ’iy ’96
IO5" 105" N Y C ent A H ud R—
81nk fd (SAA) g 0 s ....1 9 1 0 A - 0
1st 7s......................... ...1903 J - J 115% lieu 115% J ’ly ’98
S A N A con gu g 5 s .... 1930 F - A I
100% J ’n e’98
13% 119%,
i 9* i o i
R eg istered ................ 1908 J - J
Gold 5s......................... 1937 -II-N 104 Sale 103% 104
. . . . . 115% J 'n e ’98
113% 119
1001* 104^
D
ebenture 5s of. 1884-1904 M- S }1&*
1 10% ....... 110% J ’ne’98
Uni bed g 4 s................... 1940 J - J
88% Sale
88%
«3% 2
100 113
83
9 l8
Registered
....1884-1904
M -S 110 % ...... 109% May’98
R egistered..................1940 J - J
100 111 %
Reg deb 5s o f .. .1889-1904 M -S 110 % ...... 109%
Sep.’9?
Pens A Atl ls tg u g 08.192 l F- AI ids** m m 105*' J ’n e’98
w iii i o i "
D ebenture g 4 s .. 1890-1905 J - D 104% ...... 104% J ’ne’98
Coll trust g 5 s...............1931 M-N *102 103 103 J ’n e’9S
lo
a ' ids”
1011* 1085*
R egistered.......1890-1905 J - D 104% ....
Feb.’9«
LANA VlAMlstg 4%s. 1945 M- S|
104% 104%
108 May’98
[108 108
Debt certs e x t g 4 s__ 1905 31-N 104% Sale 104%
104% 104%
“ 2 8 7 « 95
N F la A S ls tg u g 5s ..1937 F- A 95 Sale
95
95
100% 105%
R
egistered..................
1905
10
4%
........
31-N
04% J ’ne’98
Kentucky Cent g 4s. ..1987 J - .1
104 105
85 A pr.’98
80
91
G 3% s..............................199? J - J 1"4% 105% 1107
L Cln A Lex g 4 % a ....l» 3 l M-N " I ” ! 113% 103 J a n .’98 ;;;; (103 103
107 107
R egistered.................. 1997 J - J ‘L04%...... 104% J ’ne’98
104%
L A Jeff Bge Co gu g 4s. 1945 31- 8
104% 104%
Lake
Shore
col
g
3%s.
1908
F - A 95 Sale
94%
95
L N A A C. Set C 1 A L.
94
95
Mich C ent coll g 3%s.. 1998 F - A
94 Sale
92%
94
Louis Ry Co l st con g 5s. 1930 J - J
91% 94
109 M ar’98
103 109
H arlem 1st 7s...............1900 31-N 107%108% 107% J ’ne'98
%1 ahon Coal. Sts L S A MS.
107%109%
R
egistered..................1900
31-N .........108% 107% J ’ne’98
i lia n b a tta n Ry con 4s. 1990 A -O i 95 Sale
107% 109%
0 90
95
95%
98%
N J J u n e K g u 1st 4s .1980 F -A
103 May’97
M etrupol El 1st g 08.. .1908 J - J 110 ......... 116
3 114% 119%
116
R eg iste re d .................1980 F -A
2d 0 s............................1899 M-N 102% Sale 102% 102%
1 101 105
W est Shore 1st 4s g u .2301 J - J 108%JSale 108% 108%
Man S W Colonlz g 5 s ... 1934 J - D
102%110%
R eg istered ................. 2301 J - J 107 ....... 107
107%
101 % 110
M arket Si C Ry 1st g 0s. 1913 J - J
Beech Crk 1st gu g 4s. 1930 J - J
108% Nov’97
M cK 'pt A B V. Set P McKAY.
R eg iste re d ................ 1930 J - J
100 J ’ne’98
M etropolitan El. Set Man Ry.
2d gu gold. 5 s............. 1930 J - J
Met 3 t Ry gen c tr g 5 s.. 1997 F - A 114 Sale 113% 114
7! 10854 u e j*
R egistered.................. 1930 J - J
BwayA7th A v lstc g os. 1943 J - l) *118% 120 119% J ’n e ’98
11454 12254
Cleartleld Bitum Coal Corp
R e g iste re d ................ 1943 J - D
le t s t i n tg u g 4 s s e r A .’40 J - J
93
98
80 Nov’i
4 110 123%
ColA0tbA v Ia tg u g 5 s .l9 9 3 M -Sj .........12054 120% 120%
Small bonds series B. . ’40 J - J
R e g iste re d ................ 1993 M -S |
Gouv A Oswe l s tg u g 5 s.’42 J - D
Lex Av A P F 1st gu g 5s.’93 |M - 5* 121 ......... 120 J ’l y ’98
117 123% 1 R W A O gcon 1st e xt 5s.’22 A-O* 132% .
121% J ’n e’98
119% 123
R e g iste re d .........................M -S
Nor A Mont 1st gu g 5 s .’10 A - O
Mex Cent con gold 4 s ... 1911 J - J
63 A pr.’08 ....j 63
0654 E W A O T R 1s t gu g 5s. 18 31-N
1st con Income g 3 a ... 1939 J ’lytj
Oswe
A
R
2d
gu
g
5s..
1915
F-A§
2d con income g 3 s .. .. 1939 JMyt
U tica A Blk R iv g u g 4 s .’22 J - J
107% J ’ne’9'
Equip A coll g 5 s.........1917 A - <jl
Moh A Mai 1st gu g4s. 1991
S
Mex In te rn a t 1st con g 4s.*77 M- 8
70% Sale ”*75% *70% *54 "7054 "765*1 C art A Ad ls tg u g 4s. 1981 JM-D
Mex N at 1st gold 0 s.......1927 J - I) '
N Y A P u t 1st con gu g 4s.’98 A -O
2d Inc 0s A Cp Htoipd. 1917 M-St
N Y A North ls t g 5s.. 1927 A -O 123 120 123 J ’ne’98
123 120
2d income gold 0s B..1917! An.*
13 J ’ly ’97
N Y Chic A St L 1st g 4s. 1937 A -O .........105% 106
L06
100 107%
Mex North 1s t gold 0 s .. 1910 jJ - D "97” I!!!!! 07 Feb ’97
R
eg
istered
.....................1937
A
-O
104
Apr.’98
104 104
R eg iste re d ....................1910 J - I)
N Y A Green w Lake. See Erie
Mich Cent—1st con 7 s ..1902 M-N •i'l'2% 113% 112 J ’n e’98
iVo ‘ 115% N Y A H ar. See N Y C A Hud.
1st con 5 s...................... 1902 .M-N ’*104 ....... 102% M ay’98
102% 100%, I
Lack A W. See D L A W
6s..................................... 1909 M- £ ■
*119 ......... 122 Feb.’98
122 123 1
L E A W. See Erie.
5s.....................................1931 31 -8 j
121% J*ne’9S
121 127 IN Y A Man Bch. See Long Is.
R eg iste re d ................ 1931 G-31
125% J a n .*98
125% 125%! N Y A N E. See N Y N H A H
4s..................................... 1940 .1 - J
106 Feb.’98
100 100
N Y N H A H a rt ls tre g 4 s .’03 J - D
104% Oct.’9'
R eg istered ..............1 9 4 0 IJ - J
108 J a u .’OS
108 108 || C onvert deb certs $1,000 .. A - O
157% J ’ne’98
145 157%
B at C A S tu r 1st gu g 3 s ’89 J - I)
Small c e r tfs $ 1 0 0 ............
153 J ’ne’08
145 153
Mid of N J . See N Y 3us A W
n o u sato n ic R con g 5s. 1937 M-N
125% F e b ’97
Mil El^.c Ry A Light consol,
N 11 A Derby con 5s. ..1918 31-N
30-yr g 5 s .....................1920 F - A
N Y A N E 1st 7s.........1905 J - J
*119” Feb.V08
M L 8 A W. See Chic A N \V
1st 0s..........................1905 J - J
114 May’:
Mil A Mad. See Chic A N W
MU A North. Set Ch M A St P
___________ - D 100% Sale 106% 100%
106 109
Mil A 9t P. See Ch M A St PI
Refunding l s t g 4s__ 1992 M-Si
99% 8ale
99%
99%
90 102%.
Min A 8 t L go Set B C KAN
Regis
$5,000
o
n
ly
...
1992
~
............................"
'
M-Sfl
Minn A 3 t L—l s t g 7s ..1027 J - D * ....... 140
143 J ’ly ’97
* Y A P ut. See N Y C A H .
1st cons gold 5 s..........1934 M -N 1 0 0 % ......... 107% J ’ly ’08
ibo% *108% f Y A R B. Set Long ltd.
Iowa ex 1st gold 7 s .. .1909 J - I) *
127 Nov’07
f Y S A W. See Erie,
South W est ex 1st g 7 s .’10 J - D • 125 127
f Y Tex A M. See So Pac Co.
Pacific ex 1st gold 0 s . 1921 A -O *•122 ......... 121% Aug’97
forth Illinois. SeeChiANW .
M A P 1st 5s s t 4s ln t g u ..’36 J - J
II* 1forth Ohio. See L Erie A W.
M S3MAA 1st g 4s lnt g u .’2rt J - .1
fo rth ern Pacific—
M StPASSM c o n g 4 s ln tg u ’38 J - J
.!!.*!.!!!!!! | Gen 1st R K A L G sfg 0 s.’21
15 J ’ne’98
112 119%Minn St Ky 1st con g 5s. 1910 J - J .....................I
Registered.................. 1921
116 J ’ne’98
112 119
Minn Un. Set St P M A M.
St P A N P g e n g 0 s ... 1923 F -A 125 ....... 124 J ’ne’98
124 126
Mo Kan A Tex—1st g 4s. 1090 J - D 899* 9«le
39%
00
51 82% 91%
Registered c tfs .........1923 Q- F 124 ....... 127 J ’ne’98
124% 127
2d gold 4 s......................1990 F -A |
04% Sale
67%
03%
04% 115 57
P rior lien r A 1 g g 4s. .1997
97% Sale
97%
00% 98%
98%
1st ex ten gold 5s........ 1944 M-N • ......... 88 ! 83% J a n .’08
88% 83%
R egistered..................1997 t - i
93% May’9s
03
97%
M K A T o f T I st gu g 5s. '42 M- *4 32 Sale
43 80
82
83,
85%
General lien g 3s.........2047
£03% Sale
57
03%
02%
03%
K C A Pac 1st g 4 s----1000 F- A
73
70
72
72
71
75%,
R e g iste re d ................ 2047
DaJ A Wa 1st gu g 5s. 1940 M-N
80 May’98 " m\\ 75
84% for Pac T er Co 1st g 0s. 193 r . j 110
110%
110%
104 113%.
Boonev BdgCogu g 7s. .’06 31-N
for Ry Cal. See C ent Pac.
Tebo A Neosho 1st 7g. 1903 J - D
for Wls. Set C St P M A O.
Mo K A E 1st gu g 5s. ..1042 A - O 99
99% 09%
93% 99%
99%
31-N 102 .... 102 J ’ne’98
102 105
Mo Pao—1st con g 0s. ..1020 M- N 103% Sale 102% 103%| 00; 93 103%
31-N 122% 125 120% J ’ne’98
L20 125%
3d 7 s...............................1900 M-N 110 ......... 108% J ’n e ’98
103% 110
New River 1st g 0 s .... 1932 A -O
118 M ar’98
118 118
T ru st g 5 s..................... 1917 M-Sti
l’o 65% 79%, Im p rrm t A e xt g 0 s ... 1034 F -A
77%
88
117 Feb.’9*
117 110%
77
.........
R egistered ................ 1917 M-St:
C C A T 1st gu g 5 s... . 1922 J - J *105
101 F e b ’9
1st ooll gold 5 s............. 1920 F- A
72 ......... 72 J ’n e’98
88
60
785*1 Scio VAN E 1 stg u g 4 s.1989 M-N
82
88
88 J ’ne’98
R egistered ................ 1920 F- A ...................... 1
....
74% 85
N A W Ry Istc o n g 4s. 1990 A- O 82 Sale
81%
82
Pac R of Mo 1st ex g 4 s.’3 m F- A 103% Sale 103% 103%
2 Too 100 I
R e g iste re d ............... 1990 A- O
2d extended gold 5s. 1938 J - J ..........107%: 100% 100%
S m a ll..........................1990 A -O
105% 109
Verd V 1 A W l s t g 5 s ..’26 31-8 »
L eror AO V A L I at g 9s ?A | j - J *
r \ g A L Ch 1st con C ..1920 A -O
B tL A l Mt lstejctg 4 % » .’4? F-AI
108 May’98
107% 110% 'll
Incom e................ ..1020 A -O
1 0 5 % ....... 100% J ’n e ’98
102% 106%, Income sm all.........
A -O
Ark Branch e x t g 5s. 1935 .J - D
102 108
(
106 J n e ’98
Gen con ry A Id g rt g 5s ’31 A - O 97 g a l.
80
97%
C
95%
97% 280
)hlo A Miss. See BAO S W.
G e n c o n s ta m p g td g 5 s ’3l A -O ‘ 9 2 H ..........! 04 J ’n e’98
102 102
102 Jan.'98
86
04 | C)hio River RR Lstg 5s.. 1930 J - D 100% .
Miss RIt Bdge. Nee Chic A Alt
General gold 5s............1937 A -O
Mob A Blrtn prior lien g 5s.'45 J - .1
83% J ’ne’98
82
J-D
8m all................................... J - J
IF
5
.1921 31-N
14% Feb.'98
General gold 4s —
Income gold 4 s............ 1945 J - J
J ’ne’98
Eng T r Co c e rtfs ...............
. 9
8m all...................................j.........
................... )m A St L 1st g 4 s.........1901 J - J
IF
80
Sale
Mob A Ohio new gold 0 s.. ’27 J - D 119 121 | 120 J ’n e’98
118% 123
)re A Cal. Set So Pac Co.
1st extension gold 0s. 1927 6 - J*
109 -109%
)regon Imp Co l s t g 0s. 1910
109 M ar’98
General gold 4 s........... I03*sj M- J4 77i< Sale j 77%
100%114
70
80%
114 J ’n e’98
Eng T ru st Co ctfs of dep.
77%
Montgom D ir l s t g 5s. 1917 F - A ! 9 9 5 * ......... | 99%
99%
B 97% 99% ^ Stamped tn t pd to Dec 1 ’97
8 t L A Cairo gu g 4s .. 1931 J - J
111 110
J - J *111 ....... 110 J ’ne’98
Mohawk A Mai. S e t* Y C A U
89
97
95%
96%
C
00% Sale
J-D
118 127%
M onongahela Riv. Set B A O
c
F -A 120 .... 120 % 120 %
L21 121
Mont Cent, Set a t P M A M.
12 L J ’n e’98
U tah A Nor 1st 7 s.......1908 J - J
Mon tank Ext. Set Long Is.
102 May’97
Gold 5s...................... 1920 J - J

N

• No price F riday; th ese are la te st bid and asked ihls week, t Bonds due Jan.

O U T S I D E S E C U R I T I E S (G i v e n
(* n «
r l1 !«■«.
Syracuse Gas—Stock.......
le t 5s 1946............... IAJ
W estern Gas(Mllw)—9tck
5s—Set N Y Stock Exch
T e le g . A T e lp p h .
American Diet T ele—NY
American Tel A Cab—NY
C e n tra l A S o u th A raer__

Ches A Poto Telepb—Stk
Bond 5s...........................
Cpmmerclal Cable............
Commer Union Tel (NY).
PJrr. o|f«% V Mo, Uf„f„ Tnl

a t foot of

T e le g . & T H e p h .

Erie Teieg A Telephone.
F ra n k lin ........................... .
Goid A Stock..................
B onds.............................J
H udson River Telephone
In tern atio n O cean...........
Mexican Telegraph..........
Mexican Telephone.... 10
New Eng Telep—Set Best
N ortbw ettern Telegraph.
N Y A N J T elep h o n e....
5s 1920 .................. JAJ
t>nrt
AHanHn ...

Bid. Ask.
09
08
40
109 112
90
70
75
106
195 200
•55 •00
111
148
110

i ’tfi
112

7

* Bonds due July.

| Bonds due June, i Bonds due May.

c o n s e c u t iv e p a g e s ) . —

Bonds due Nov.

T E L . & E L E C T R IC , die.

T e le g . A T e l r p l i .
Bid. Ask.
Southern A A tlantic.........
85
MU
W est'n Union Teleg—N Y Slock Exch

E l e c tr ic C o m p a n ie s
East End Electric Light.
Electro-Prieumatlc..........
Fort Wayne Elec. C o ..25

E l e c tr ic C o m p a n ie s .
Allegheny Co Light Co... 130 140
Brash Electric Co............
40
Br’dgprt (Ct) El Lt Co.25 t 40
Consol Electric Storage..
20
18
Eddy Electric Mfg Co..25 t ........ 13
Edison El III Co NY—N Y Stock Exch
Edison El 111 Co Brk—N Y Stock Exch
Edison Ore Milling Co....
13
10
00
jJtnrof.n Or\............
2"!

General Electric Co—N Y
Do pref.—Set Boston L
H artford (Ct) E lecL t Co.
H artf’d(Ct) LtAPowCo25
Mo Edison Electric..........
Do preferred..................
Narragan. (Prov)El Co. 50
New H av (Ct) Elec Lt Co
+ Prt«o nor «h ito.

H4

l*

Stock Exch
ist.
128
120
7
t 4
14
17%
45
43
90
f 82
165

THE

66
B O W - ..
i;
jt.y .a r r o c K k x c h a k o e S i
W k e k K s i »ik o J c v r S

—

F r id a y ,
J u l y 8.

C H R O N I C L E .—BOND PRICES (5 pages)
Hr*<M**i
Range or
L a s t Sate.

Range
*3|

BO N D S.
i
N .Y . ST O C K E X C H A N G E -ST
W e k u ENDING JlTI.V 8.

fro m

J a n . 1.

P age

P rice
F r id a y ,
J u l y 8.

4.

poL.

LXVII.

Week'a
R a n g e o r l ?. 3
L a s t Sale.

Range
fr o m

Jan. 1,

R id . A s k . Low . H ig h , jN o .' jLow.JETxgK
Hif7A
104W OcL'07
107 I, S ar F A Y I s 'c o n gO s.1934 A - 0 ...........
1st g 5s...........................1934 A -O
74*6
64 1 Scioto Val A N K. See Nor A W
Nuu-cu lac it A col tr. . 1940 Out,i
Scab A Roa 1st 5 s...........1920 J - J i .................... lO 4% Feb.’08
Oiwago A Horn*. St* N Y C
104511 0454
Sea A U Edge. See Bklyn El.
o o r & & p . s** c .% n \v
103% 3 3 1 0 8 103 Sod Bay A So 1st g 5 s ... 1024'j - J ...................,
*C Co**t Co—1i t g tv*. 19-10
Sal®
So C ar A Ga 1st g 5a___1919 M -N ♦ 91
91% 94% J 'n e '9 8
92
98
•co ? MUutftm. See Mo P m
N
............................................... .............. .
!ISouthern Pacific Co—
Panam a 9 f subsidy g 69.1910
- G a l LLar A SA 1st g 0*19101 F~ A *105 . . . . . . 107 J a u .‘08
107 107
P ia a t]
......... 105*6 May’98
2d g 7a........................ 1905 .1 - D 108
4 1108 114 i
Peuu Co gu U t s 4%s. 1921 J - J 112% Sale 112% 112%
100 105*6
Max A P ro d ir 1st g 5s.*3111I-N, U4% Sate | 94H
n o j 3 ]i i o n o
R egistered................. 1991 J - J 110 Sale 1n o
92
90*6
»*%
Houa A T O 1st W A N 7a.’08l J - J 125 .........
Qtd 3%.* ool tru s t reg. 1937 M -S .................... 1
l
i
t
g
5
i
lilt
g
td
.........1
9
3
7
j
j
J
110%
Sale
'
i
16*4
iYo%
P C C A a t L cou gu g 4*6»—
107*6 i ’10%
Con it 0a lu t g t d ....... 1919 jA- O ........ I l l
......... 110*6 J'n e'9 8 i
110 J ’Iy’ 98
1109*6 113
105 110
Series A .. .. , ....... ....1 9 4 0 v o * ' . :
Gen g 4s in t g td ....... 1991 A - 0 j* 81
82 l 81%
82*6
112% 111 J ’no'98'
8er.es B g u a r....... ...1 9 4 2 A -O * l i l
108 113
76% 82*6
M organ's La A T 1st g 0s. '20' J - J i ................... 120*6Feb.'9n
120*6 120*6
le t 7 s ..........................1918, A - O: .................... 127 A pr/08
127 127
Beriea D 4s g u a r.. . . . 1945 M-N M00 ......... ;102 Oct>97|
N Y T A M exgu l s t g 4 s , ’12 A -G ..................
100% 108
_ Itis Ota A St L t i t 7*. 19
Ore A Cal la t gtd g os.1937 J - J ................... 75 J a n /9 8
76
75
Itagi* te re d ..................1900 F A .................... 109U A p r‘97 . . . .
S A & A Pass iBt gu g 4 s .’48j J - J j 04% Sale
04*6
05
P itta Ft \V A C l» t '79.1918 J J .................... U 0 Muy‘08 . .. . 140 U0M
55*6 00%
T ex & N O ta t 7 s ........1fl05| F- A j*..........114 ,110 M ar '98
............1140 M ay'981 . . . . 140 140
«d 7*............................ 1018 J - J
Sabine div 1st g 0 8..1 9 1 2 M - 8 .............
100% Nov'97
.................. 1919 A-O* . . . .
Con g 5a ....................1 9 4 3 ;J - J ! 90% Sale j 90% 00%
C 8 t LA 1* I9 te .ju g 3 i.l9 8 8 A - O * .........119)1 112% A p r *97
96*6 98%
S o P o iA r g u l8tg6s.'09*lQ J - J I ♦105% 107 106% 106%
Ragisterixl
100*6 109%
.19321 A -O
8 P of Cal 1st g Os.'05-12 A -O *107 .........1100% M ay*99
109
100% 110
107 May*98; .
CIot A P itta c o o t f “ i.1 9 0 0 M--N *10?
1st eon guar g 5 s.. 1987> M -N 98% Sale
98%
98%
Goti g a g 4*6s»or*i A.1942 J - J
92*6 98*6
....................................
A A N W 1st g u g os.1941 J - J ............ 85
--------87%
Senes B...................1943 A- O
82*6
82*6
82
B P C oast 1st gu g 4s.. 1937 J - J I ................
Gr HJt i ex 1st gug4*6s,1041 J J
107*
AHegh V algvu gu g 48.1042 M -S |
108
105*6 110*6
103 N or'97 ....... ....................| g P a c o f N Mex 1st g 6s .’l l J - J •100
Sooth Ry—1st con g 5 s .. 1994 J - J
03>i
03%
87
90
N A C Bdge gen gu g 4*4s-'45; J - J
93% Bale
R egistered .................. 1994 J - J
Penn RR C o - l i t g i s ... 1923 M-N
108* May'97i
E Ten reor Hen g 4-5s.l938 M S
100 Feb.’98
90 100
C<m s te rlin g s 0 s..........1005 J - J :
R egistered ..................1938 M -S
Con currency 0s reg...l905iQ -M t'
Ala Cen R 1st g 0 a .... 1918 J - J
112*6 A ug’97
Con k 5 s......................... 1919 M- S
Atl A Ch A ir Line Ino. 1900 A -O
R egistered.......... — l O l u o - S
Col A G reeny 1st 5-08.1910 J - J
» D eo’97
C ong i s ....................................1943 M -N
E T V a A Ga 1st 7 s.... 1900 J - J '104*6 105*6
100*6108
Cl A Mar 1st gu g 4Ws.1035 .H-N
1 J ’ne’98
Divisional g 5s..........1930 J - J 114 Sale
115W115W
l
114
112*6 115
O N J R R & C an gen 4s. 10 4 4 11 - S
115J4 Feb.'98
Con 1st g 5 s . . . . . . . . . 1950 M -N 109 .........
)
109
107 111%
D B BBA Bc« 1st gu 4s g.’3fl F - A
Ga Pac Ry 1st g 5-0a.. 1922 J - J
118 123
PtoiM olft A At- See L & Nash
i J ’ne’98
112 117*4
1 J ’n e’98
95 10016 Knox A Ohio 1st g 0s .1925 J - J 110
Pao DecA K l s t g d i t r r o a ’20 J - J 90 100 , 98 May’98
Rich A Dan con g 6s. ,1915 J - J v .......122% 125*6 J ’n e ’98
06 I 90 J 'n e ’98
96
96
B rans D ir 1st gfls trr e c ,’20 M- S
118 125*6
Equip sink fund g 5s. 1909 M -S MOO
101 N ov’O^
15
24 g 5s tr roc 1st bkL.1926 M- N • -....... 21 I 18^4 J'n e '9 8
18«
Deb 5s s ta m p e d ..... 1927 A - O *100 106
95
90
I J ’n e’98
Peo A East. See C C C A St L|
Virginia Mid gen 5s. ..1930 M -N
107*6 107*6 J ’n e’98
120 120
1130 May’98
Poo A Pok On l i t g 6 s ... 19 2 1 1 0 -F 121%_
100 107%
Gtd stam ped.......... 1930 M-N
107*6 107 J ’ne’98
102 107
2d g 4 % i.,... ...F e b ., 19211M-N 85
“ “ .........1 85W May‘98
I 85*6 80*6
W O A W 1st cy gu 4 b. 1924 F - A
1 A ug’97
Pino Crock reg guar Os.. 1932 J - D 137 140 137 N o r’97
W est N O 1st con g 08.1914 J - J
? May’9 8
P itts Cin A St L. See Penn Co.
U0*6 116%
S A N Ala. See L A N.
P C C A S t L. See Penn Co. 1
Spok A Palouse. See Nor Pac.
P itts C ler A Tol l i t g 6s .. 1922 A -O *135« IS8J4 .
S
tat
Isl
Ry
1st
gu
g
4*6s.
1943
J
D
P itts A Connellsv. See B A O.
8unb A Lew lstn 1st g 4s. 1930 J - J
P itts F t W A Ch. See Penn Co.
Syra Bing A N Y . See DLAW.
P itts Ju n e 1st g 0 s......1922 J - J ,
'P e r A of S tL l s t g 4*6s.’39 A -O 105 ....... 109 May’98
109 110*6
P itts A L E rie—2d g 5s .. 1928 A*01
i 1st con gold 5s. 189 4-1944 F- A 110*6 Sale 109
110*6
P itts MoK A Yo—-lstg u 0 s.'3 2 J - J !
105*6 110*6
S t L M Bge T er gu g 5s, 1930 A- O
l OB O ct.'97
3d guar 0 s................. ..1934 J - J i
T erre H aute Elec R y g 0 s .’14 Q -J i
McKee A B V 1st g 6». 1918 J - .1
T ex A N O. See So Pac Co.
P itts P A F 1st g 5 s.................. J1910
-J’
P itts Sh A L E 1st g 5 s .. 1040 A -O
110*6 J ’ne’98
109 110%
104 109 I TexAP Ry E dlv l s t g 6s. 1005 IYI- 8
107% 107*6 107W
106 Sale 105*6 100*6 72 90% 106%
98 J ’ly ’97
1st gold 5s.......... ..........2000 J - D
l i t consol gold 5a........ 1943 J - J
440 28
8 7tf Sale
2d gold Inc. 5s, D e c ...2000 Mch.
40
41
41
87
89*6
P itts A W est 1s t g 4 s. .. 1917 J - J
40% Sale
70*6 “89*6
50
Gold 5 s................ 1891-1941 M-N 45
Third Av 1st gold 5 s .. .. 1937 J - J 120
122*6 J ’ne'98
117*6 124
45
48
39
48
104 105 J 'n e ’98
P itts Y A Ash l i t con 5#1927. M -N
Tol A O C 1st g 5s.......... 1935 J - J
102 105
103
T re a d in g Co gen g 4 s... 1997 J - J
W est'n d lv l s t g 5s— 1935 A -O
103 103%
3296
8^94
83 Sale
. 103*6 103
77% 87*6
. 100
XV R eg iste re d .............. 1997 J - J
General gold 5 s...........1935 J - D
R ensselaer A Bar. Sar D A H.
79
79
Kan A M 1st gu g 4a. ..1990 A - O 79 Sale
76
70
79
72 May’98
Blob A Dan. See South Ry.
Tol Peo A W 1st gold 4s. 1917 J - J
69
i a
90
80
85% 90
89W
89 Sale
Rio Gr W est 1st g 4 s----1939 J - J
80
T S tL A K C l s t g 0s tr.1910 J - D 80
88
78*6 90
H ater A Del 1st e g 5s. 1928 J - D 100 Sale 100
Bio Gr Ju n e l i t gu g 5s. 1939 J - D
100
98 104
94%
91 J ’ne’98
91
• nton Elev. See Bklyn Elev
60
Rto G r So 1st g 3-4s ........1940 J - J
06 J 'n e '9 8
54
U a B t(C b lc) 1st g 5 s .... 1945 A -O
Boch A P itts. See B R A P.
Un Pa^e—RR A 1 g g 4s. 1947 J - J
Rome W at A Og. See N Y Cent
9656 Sale
8 S X 98H
90%
97*6
R egistered....................,1947 J - J
a lt Lake C Istg sf6 s.'0 8 -1 3 J - J
80
78
t JoAG I 1 s tg 3-3 4 s ..1947 J - J 78
T r Co ctfs g 4*6*..........1918 M -N
49
SI
78
08*6 80%
48%
Kansas Pacific 1st 0a.. 1890 J - D
114 S ep.'9 7
8t L A AT EL See Illinois Cent.
C B Un P fd cou g 7s. .1895 M-N
8t L A Cal. See Mob A Ohio.
03% Sale
Bt L A Iron M ount. See 51 P.
U P DAG I s t o g 5 s tr r c .’89
4 8 * «SH
02%
03%
Bt L Jack A Chi. See ChA Alt.
Uni N J RR AC Co. See Pa RR
Bt L K C A N. See Wabash.
U tah A North. See. Ore S L.
Bt L M Br. See T RR A o f StL
U tica A Black R. See NY Cent
Bt Louis A San Francisco—
Y7*er Yal Ind A W. See Mo P.
2d gold 0s Class A ... ,1900 M -N 118*6 u s * 111 May’98
V lrginia Mid. See South Ry.
8d gold 0s Class B ....... 1900 M -N . . . . . . 114 113% J ’ne'98
ab RR Co l s t g 5 s . . 1939 M-N 110 110*6 110
104H U0V(
80% Sale
2d gold 5s............ 1989 F -A
2d gold 0s Class C .. .. . 1900 M -N *113*6 115*6 114 J ’ne'98
80
74X 88*
1st g 0s Pierce C A 0..1 9 1 9 F - A
Debenture series A-----1939 J - J
General gold 6s............1931 J - J 117 118*6 117? I 118
Series B ...,..............1 9 3 9 J - J
27% J 'n e '9 8
21
B an
114 120*6
104
General gold 5 s.......... .1931 J - J 103*6 103%, 103*
ls tg 5s Dot A Oh E x t.. 1941 J - J
97 lOSJt
102*6 J T y ’98
98*6 106%
1st tru s t gold 5 s .------- 1987 A -O too ......... 100 J ’ne'98
m s* no
St On as Bridge l s t g 5s. 1908 A -O
110 J ’n e’98
:*
6
ioo
FtB A Y B B d g ls tg 6 s .l9 1 0 A -O
| W arren RR. See Del L A W
105 Oot.'07
Kansas Mid I s t g 4 g ... 1937 J - D
W ash OA W. See Southern
B t L A S F R R g 4 s ,...1 9 9 6 J - J
78 Sale
108 110
09
79*6 W est N Y A P a—ls tg 5 s . 193'; J - J 107*6....... 107*6 108
77*6
78
Bouthw Dlv 1st g 5 s... 1947 A -O
Gen g 3*4s............. .....1 9 4 3 A -O
54 Sale
54
4 7 * 58
95 J ’n e’98
90
96
10
16
Bt L Bo. See S tL A A T H.
Income 5 s,,..A p ril. 1943 Nov. ......... 15
151
S 8*
B tL B W 1st g 4 » b d c fs . 1989 M-N
70*6 Sale
W est No Car. See South Ry.
77
76
70*6
2d g 4s Inc bond c tfs. .1989 J - J I
30 Sale
29%
30
31% W estern Pac. See Cent Pac.
Bt Paul City Cab. c g 5s. 1937 J - J
W Ohio St40-yr 1st cur 5 s,’2B M -N
00 Nov’97
G uaranteed gold 5 a ... 1937 J - J
40-year con g 5s.......... 1930 M- N
99 D e o '97
f t Paul A D uluth 1s t 5s. 1931 F - A T 15 120 117 M a r’98
115 117
W est Shore. See N Y Cent.
2d 5s..................
1917 A -O 108*6 Sale 100*6 106*6
105 109
W Ya A Pitta. See B A O.
Bt Paul M AM 2d 0 a .... 1909 A -O 121*6 ........ 121%
121“
120 122% W Va Cent A P 1st g 0s. 1911 J - J
D akota e xt gold 0 s— 1010 M -N
10014 101K
120% .T’ne'i
118*6 122
Wheeling A L E 1st g 5u.l920 A -O •100*6’.,
101*6 M ar’98
l i t oonaol gold 0 s.......1933 J - J 126*6 •
100 108
129 J 'n e '9 8
128 129
T ru st Co certificates..........
100 M ar’98
R eg iste re d .................1033 J - J
W heel Dlv 1st gold 5s-1928
90
00
90 May’98
Reduced to gold 4V<s 1933 J - J 107 Sale 107
93* 98*
27 105*6 108*6 E xteu A Imp gold 5 s.. 108^ JT.A
107
92*6 M ar’98
R egistered.......... ..1988 J - J
....... ..........
Consol gold 4 b. .............1 '9 1 # j
106*6 M ar 98
Mont E xt 1st gold 4s. . 1937 J - b
, 101
99% 100
98*6 100*6 Wilkes A East, See N Y f A W
R egistered.................. 1987 J - D
96
96
Wll A Sioux F. See S t P M <x .*i
90 Feb.’fiS
Minn Union l s t g 6s ... 1922 J - J
122*6 122*6 Winona A St P. See C A N W
122*6 Jan .'"
M ontC 1st gu g 8g ,.. .1937 J - J 127*6 Sule 127
127>6 22 118*6 182 Wls Cent Co l i t t r g 5s .. 1937 J - J
f l N ov’97
Registered ................1937 J - J
115 A p r'97
Engraved tru s t certificates.
41*6
42
83*
41*6 Sale
1st guar gold 5 s .....1 9 3 7 J - J
107 109*6 Incomo 6 a...................... 1937 A-O*
5
10S% 109*6 May’98
6*6 Jan.*98
‘?S
R eg istered ............. . . 1 9 3 7 |j - J
E Minn lstd lT l s t g 5s. 19081A - O
109 J 'n e ’98
105*6 i o o '' MISCELLANEOUS BONDS.
R eg iste re d ................. 1903 A -O
A dams Ex—Col trg 4 s,1 9 4 8 IM-8
99*6 Sal© 99
99*6
93*6 99*6
Will A 8 P l i t g 5 s .... 1938 J - D 111
/X m Cot Oil deb g 8s , . .1900 Qu-F *100 .... 106*6 J ’ue‘98
111 N ov‘97
102*6 109
R eg istered ................. 1988 J - D
Am Dk A Imp 5s. See Cen N .1
Bt P A Nor Par. See Nor P ro
Am Spirits Mfg 1st g 08.1915 M-N
04
86
85 J ’ne’98
f tP A 8'x City. See C S tP MAO
\tla n ta G L Co 1st g 5«.1947 J-D 4
8 A A A P. See So Pac. Co.
ar A S Car Co 1st g 0s. 1942 J - J
B F i N P l n l . f » 5 s ...l9 1 9 ] j - J
os U Gas t r ctfs s f g 5 s .’39 J - J
100*6 Oct.*97
90*6 Jfttu’98
90% 91
Ore 8b L—1st eon $ 5a.. . 1940 J - J

Lou*.
00
1 38
89

Bui

.Sale >104
. 75 ! ? 4
53
53 dale

104

105
7*
53

P

L

S

W

B

• No price F rid ay ; th e se are la test bid and asked th is week. fBonds due June,

OUTSIDE SECU RITIES
E l e c t r i c C o m p a n i e s Bid.
Rhode Island Elec Pro Co. n o
T oronto (Can) Elec L t Co, tSSK
Tbom -H ouit W elding Co
12
United E lecL tA P C o pref
Bonds ...................... ..... 83
W esting ElecAMfgCo—Se e Best
Woonsocket ( R I) El Qoj too
F e r r y C s m p iiile R ,
B'klyn A N Y Ferry-Stock
0«, 1 9 1 1 ..,.,.............. ,!117
H oboken Ferry—Stock. ! 90
1st 5« 1 9 4 0 ..........MAN 1107
M etropolitan F « rrr ! 107

Ask. ||
120 ,
130%
100
18
85
List.
no

(G

iv b k

at

foot

F e r r y C o m p a n ie s .
N J A N Y Ferry—Stock.
1st 5s 1948........... JA J
N Y A E R Forry—Stock.
Bonds 5s of 1932..........
N Y A 8 B Trans A Ferry
Bonds, 5s, of 1900..
10th A 28d Sts F e rry ..
1st roort 5s 1919...JA D
802% | Union Ferry—Stock.........
1st 5s 1 9 2 0 ..........MAN
91
R n llro n d i.
108
Ate Col A P 1st 0s tr co cts
At. J C A W 1st 6s t r co cts

of

7

Bid. Ask.
199
09
5 90
25
5 90
70
{100
40
{100
01
00

108
71
93
30
95
41%
101
07

.....

t Bondi duo July. I B ondi due M arch. T Bonds d ue J a n . 1 Bonds due
c o n s e c u t iv e

pages

).—

F E R R Y & R A IL R O A D S .

Bid. Ask.
K n il r o a d s .
101
Ate TA 8 Fe gu fd fie notes 101
A t r u . t d l A lrl, 1st 7 s ’07 117
0
B A O 3*6b, when issued.. 0 3« 98
85W 80
Do 4a
“
Do prof
"
“
B5H 50
Preferred—See N Y 8to ck Ex oh.
California Paclflo lst4*6» 98
Do
2d morfc guar 95
Ch Mil A St P Dub Div ’20 {120
Do
Wls Yal dlv 0 s ’20 5120

R a llro a d n .

Bid- Ask.

Do M enominee e x t ’JI {130
C hloA Tom ahlst 0sl 905 {109
FromElk&Mo Yal l s t ‘83 5130
Do
unstam ped 5129
W In&StP 1a t e x t 7s ’ 10 5136
Ctn ASpgf 2d 7a Kn C C CAI
Jack Jj A Sag 1a t e x t 5s *01
KlnKflton ,1c Pemb la(.M ..
L N A & C h 1st 0aC A ID lv
{And Interest. fP rlce

142

108
103
113
per sh are.

BON DS.

P ric e
F r id a y ,
J u l y §.

i

M.Y. STOCK EXCHANGE | 'g

W eek's
R a n g e or
L a s t Sale.

R ange
fr o m
J a n . 1.

■s-s

W e e k E n d in g J oly 8. 14 8 ,

B id . A s k . L o w . H ig h . N o.
114 % 114%
5
B ’klyn U Gas 1st cong 5s. . ’45 M -N .........115
4
93%
93 ......... 93%
B r’k’n W 4 W H 1 s tg 5 s. 1945 F -A
ah Coal Min. See T C I A RG L & C Co. See P G A C Co.
109% F e b ’97
Chic Jc A St Yd col g 5s. .1915 J - J
Clearf B it Coal. S e^N Y C A H
09 M ay’9 8
Col C A 1 1st con g 0 s ... 1900 F - A
C olC A I Dev Co g u g 5s.. 1909 J - J
104 J a n .’98
Col Fuel Co gen gold 6s. 1919 M -N
80 May’98
80
Col F A I Co gen s f g 5s. 1943'F - A
Columbus Gas l s t g 5 s ..l9 3 2 |J - J
101% A pr.’98
Com Cable Co 1st g 4 s... 239
104 Feb.’98
R egistered.................... 2397
Con Gas Co. See P G A C Co.
e Bardel C A I. S«e T C A I.
el A H Can. SecR R bonds
92%
92?
92% Sale
D etroit City Gas g 5 s .... 1923 J - J
94
95% 91 J ’n e’9;
D et Gas Co con ls t g 5s.. 1918 F - A
10% 17% 16% J ’n e’98
D et MAM Id gr 8%s S A .1911 A -O
d El 111 1st conv g 5s. 1910.31-S •110 111 % 1111 J ’ne’98
1st con g 5s-............1995 J - J •115 110 117% J ’n e’98
113% J ’n e ’97
Ed El 111 B’klyn l s t g 5S.1940 A- O
R eg istered ............................. A- O
98% M a r’98
E rie T A Tcol t r g s f 5s.. .1920 .1 - J
Eq Gas L N Y 1st con g 5 s.. ’32 >1- S
Eq G A Fuel. See P G A C Co. i
104 J ’n e’98
en Elec Co deb g 5 s .. 1922 J - D '103
| 95% J a n .’97
rR iv C o a l A C ls t g 6 s..’19 A - 0
Gr Rap G L Co 1st g 5s. 1915 F -A
ack W reor 1st g 5s.. 1928 J - J
111 A ug’97
end B Co 1st s f g 08.1931 M- S
III Steel Co deb 5 s...........1910 J - J
70 A p r’97
Non-conv deben 5 s----1913 A - O
Iro n Steam boat Co 0 s .. .1901 J - J
107 M ay’97
Jeff A C lear C A I ls t g 5s 1926 J - D
80 M ay’912d g 5 s............................ 1926 J -D
K C Mo Gas Co l s t g 5s. 1922 A - 0
105%
L acG as-L C oof 8 tL ls tg 5 s ’19 Q -Fi 105 Sale ,105
Small bonds.......................... C$u-F
1102 J’iy ’97
Mad Sq G arden l s t g 5s. 1919 M -N
M e tT A T 1st s f g 5 s... 1918 3I-N
R eg iste re d .................... 1918 M-N
.) 85 J ’n e’97
Mich Pen Car Co 1st g 5 s.’42,M- S 85 .
M ut Un Tel Co. S « Wn Un.i
108 J ’n e’98 ...
Nat Starch Mfg Co 1st g 0s ’20 M-N 100 % .
Nwpt News S A D D 5 s .. 1990jJ - J$
N Y A N J T e l gen g 5s cy . ’20 M -N
N Y A O n tL an d l s t g 6s. 1910 F - A
N oW estnTeleg. See West.Un.;
Peo Gas A C 1st gu g 03.1904 M -N ................. I l l N ov’97|
2d gtd g 6 s....................1904 J - D .................. 102 M ar’98
1st consol g 0s..............1943 A - O'*........ . 115 115 J ’n e’98
Refunding g 5 s.............1947 M -8 *100 . . . .
R egistered................. 1947 M -S ..................
104
Ch G -LA C ke 1st g u g 5s’37 .1 - J , 104 107 104
101 A pr.’98 .
C o n G C o o fC h ls tg u g 5 8 '3 0 !J -D ......... . . .
106 May'98j .
Eq G A F Ch l s t g u g 0 s . ’O 5J - J .........104
Peoria W at Co g 0 s.. 1889-19 M -N .................
PI Valley Coal 1st g 0s. 1920' M- N • 97 . . . .
• No price Friday; these are la te st bid and asked th is week.
t

C

D

E

G
H

O U T S I D E S E C U R I T I E S (G i v e n
R a ilro a d s .
N Y El deb 5s gu Man R y .
No Pacific Mo Dlv 1st 0s.
P ittab A Connellsv 1st 7s
Do con 0s gu by B A O
Bt P East A Gr T r 1st 0s
gu by Mllw L S A W est.
Tenn C IA Ry con 6s 1901
Do So P ittab 1st 1902..
▼icksb A Meridian 1st 6s
M ln c e lla n e o u H . Par.
A cker Merrall A Con. 100
Am A ir Power of N Y. 100
Amertc’n Axe A Tool .100
Am er Bank Note C o ...5 0
American Brake C o.. 100
Am er Groc—1st pref.100
A m er M alt’g Co—Com—S
P referred —See Stock E
Am P neum at Tool Co. 10
A m er Press Assoc’n ..l0 0
American Screw.........250
Am Smokeless Powd.100
Am Soda Foun—Com. 100
1st preferred............100
*J p referred ............. 100
A m er 8teel A W ire. /
P rel e rre d ..............\ 3ee
A m er’can S u rety .........50
Am Typefo’rs—Stock. 100
A m er Sewing M achine. .5
A m er S traw board....1 0 0
Am er W ringer com ... 100
P r e f . .....................
A m er G raphophone__ 10
P re fe rre d .................. .10
A nderson (John) Tob.100
A utom atic V ending... 10
B arney ASm Car-Corn. 100
P re fe rre d .................. 100
6s 1942 ................... JA J
Bergn A Eng Br—See Phi
P referred—See Phil, list
1st 0 s............
Blackwell s Durh Tob.25
Bliss Company—C o m ..50
P referred ..................50
Bond A Mort G uar ..100
Boat A M ontana 7s 1907.
Carter-Crume—Pref. .100
Celluloid Co.................. 100
Cent America T r’nslt. 100
Cent Flrew ’rks—Com. 100
P re fe rre d ..................100
C hateaugay Ore A l r 6 s ' 15
Cbea A O Grain Ell—In c ..
4s...........................
Chesebrough Mfg Co. 100
Claflln (H B )-ls t pref.100
2d preferred ............. 100
Common—See NY 8tock
Clark Mile End T h r’d.100
Collins Co..................... 100
Comstock T un—1st In c ...
Consol Id Car H eating. 100
Consol Flrew'ks-Com.100
P re fe rre d .................. 100
Con Kan C Smelt A Ref.25
Bnsley Land.

Bid. 'Ask. ||
98
105%
115
108
::::::
103
101 1
25
27% 1
41
91
9
ee Stk E x l’t
xch. 11 st.
98
15
18%
t 39
89

100
145

110
155

4
8
45
55
15
25
S t’ck E x l’t
160 175
37
40
t 2
MW 2TW
104
114
195 130
12‘ W 135
10
15
25
15
00
05
97 100
L list.
111
25
100
lit
200

t 15
85
100
190
86
00
2
30

69
w

85
40
10
17*
00
65
305 380
94
90
88
92
Exch.
80
113
4
a
83
87
10
98
90
20
17
76
73
isflw 137
20c.
75
95 100
70
90
1 250

100% 109%
95

100%
104
84

101% 105%
104 104
89
95%
90 103
10% 17%
108 112%
114%119
98% 98%
90

100

105

102
115
102
101
102

104

105%

P rocter A Gamb 1st g 0s. .’40 J - J
St L T er Cupples Station A
Prop Co ls tg 4%s 5-20 yr’17 -D
S Yuba W at Co con g 6s. .’23 - J
Sp Val W at W orks 1st 6 s.’001 M- S
Stan Rope A T 1st g 0s.. 1946} F -A
Income g 5s....... ........... 1946
Sun Ck Coal 1st g s f 0s..1912 J - D
Tenn Coal T Div 1st g 0s. 1917 A-OB
Birm Div 1st con 0 s .. .1917 J - J
Cah C M Co 1st gu g 0s..’22 J - D
De B ar C A I Co gu g 0 s.’10 F - A
U S Leath Co s f deb g 0 s .’13 3I-N
V t M arble 1st s f 5s.......1910 J - D
W est Union deb 7s. .1875-00 M -N
R egistered.......... 1875-1900 M -N
D ebenture 7 s.. . 1884-1900 M -N
R egistered.......1884-1900 M -N
Col tru s t cur 5 s........... 1938 J - J
M ut Un Tel s f ’d 6 s .. .1911 M-N
N orthw estern Tel 7 s ... . ’04 J - J
W estn Gas Co col tr g 5s...’38 M-N
Wh L E A P C Co 1st g 5s.*19 J - J
W hitebrst F gen s f 0 s.. 1908 J - D
U. S. GOV. SECURITIES.
U S 2s registered— Optional
U 8 48 registered ............1907
U S 4s coupon..................1907
U S 4s registered ............1925
U S 4s coupon..................1925
U S 5s registered............ 1904
U S 5s coupon................. 1904
U S 0s c u rre n c y ...............1899
U S 48 registered certs
of indebt (Cherokee) 1899

Bond* due July.

140
99

23
30
48?< 49
10.HW 104
3794 3894
90
111 113
110 125

36

4
100
105
75

8

38
84
104

83

1W

80
52H
40
80
107W
3
00

t Bonds due May.

(For
y -M
Q -J t
Q -J t
Q- F
Q- F
Q- F
Q- F

B id .

Week's
R a n g e or
L a st Sale.

Range
fr o m
J a n . 1.

A s k . Low . H igh. N o. Low H igh
U 3 115
101

70 Sale
09%
......... 15% 15%

*113% .

109
*108% .

F e b ’97
70
15%

71
17

82 May’98
88% J ’ne’98

86
89

83 Ja n .’98
114% 114%

83
83
111% 110

105% Feb.’98
105 M ar’98

105%105%
105 105%

109% 109%
111 M a r’98

105

111

101

101

101

M ar’98

111

111

daily record see seventh va
95 ......... 98 A pr.’98
110% H IM 110% 110%
110% 111% 110%

J -J

124% 125%
125 Sale
112%113%
112% 113%
101 % ...

Mch

101

J-J

107% .

J-J
J-J
J-J
F -A

100
90
90
110

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

....

J - J 10 L 104
J-J
J-J
J-J
A -0
J-J
J-J
J-J
J-J
J-J

67

111

124% J ’ne’98
12o
125
110% May’98
112 %

112 %

102% A pr.’98

102%104

109 May’1
108 Feb.’
104% J ’ly ’97
100 Feb.’98

108% 106
108 108
100

100

110

115
100
98

110
103
100%
128

102

116
102

100% M a r’98
101

J a n .’98

.......

128

Feb.’98

128

91% Sale

91
88

91%
J ’ne’98

87
87
65

125
102

71

....
71%

S Bonds due April.

92%
88
71

5 J ’ne’98 ..
4%
| Bonds due January.

7 c o n s e c u t iv e p a g e s ) .— R R s., B A N K S , M ISG E L .

145
100

88
80

Price
F r id a y ,
J u ly 8.

N . Y . STO CK E X C H A N G E
W e e k E n d in g J u l y 8.

STATE SECURITIES.
Alabam a—Class A 4 to 5.1906
Sm all..................................
Class B 5s...................... 1906
j Class C 4s.........................1906
108 1 Currency funding 4s... 1920
I Dist of Columbia—3‘05s.l924
Louisiana—New con 4s.. 1914
Sm all..................................
; Missouri—Funding. ..1894-95
N orth Car—Consol 4s. ..1910
109 I Sm all..................................
120 I 0 s.......................................1919
I So Carolina—4%s 20-40.1933
Tenn—N ew settlem ’t3 s .l9 1 8
100%
8m all..................................
100
Virginia fund debt 2-3s. 1991
R eg iste re d ........................
108
0s deferred bonds..........
J T ru st receipts stamped.

a t fo o t o f

M is c e l la n e o n s .
Fidelity A Dep (B a lt)..50
G alveston W harf—1st 5s.
Genesee F r u it............. 100
German Am Real Est. 100
Glucose Sug Ref-Com.100
P re fe rre d .................. 100
Goodyear Shoe Mach. .25
G orham Mfg Co-Com.100
P re fe rre d .................. 100
G reat Falls Ice............. 100
H art ford Carpet Co.. 100
Heck-Jones-J M lll-Pf.100
1st 0s 1922.............MAS
H er’g-Hall-M ar-Com. 100
P re fe rre d ..................100
Hoboken Land A Im p’t . .
5 s ......................................
In tern atio n al E levat.100
International N avlg.,100
In tern atio n al P a p e r.. 100
P re fe rre d ............ ..100
Bonds 0 s.....................
Intern atio n al P u lp ... 100
Iron S team boat..........100
0s 1901............. .....J A J
Jo h n B Stetson—Com. 100
P re fe rre d ..................100
Jo u rn eay A Burnham. 100
P re fe rre d .................. 100
Knickerbocker Ic e .. .. 100
Bonds 5s.....................
Lawyers’ S u rety .........100
Law yers’ T itle I n s ....1 0 0
Lorillard (P )—Pref. ..100
Madison Sq G—Stock. 100
2d 0s 1919............ MAN
Maine S S........................ 50
March A M iners’ 8 S.. 50
Mech’mcal Rub-Com.100
P re fe rre d .................. 100
M ergenthaler L ln o t—Set
M eriden B ritannia Co.. 25
Mich-Pen Car—Com.. 100
P referred —See N Y Stoc
1st 5s 1942............MAS
Minneapolis Brew 1st 7s.
Mosler S a fe C o .......... 100
M onongahela W a te r...25
N at Biscuit................... 100
P re fe rre d ..................100
N ational Casket C o ... 100
N ational Saw—P re f.. 100
N ational S urety.........100
National Wall Paper. 100
N Y Loan A Im p .........100
N Y Biscuit 0s 1911.MAS
New J e r Zinc A Iro n .. 100
N Y A ir Brake—See N T S
Nicholson File Co.........50
N icaragua C onstruct. 100
Peck, Stow A W ilcox..25
Pegamoid (£1 B hares)....
Pennsylvania Salt Mfg.50
Penn. Steel 5s 1917.MAN
Penn. W ater—C om ....5 0
Pbll A Wll S team boat.50
Pneum atic G unC ar’ge.10
P r a tt A W hitn—Com.. 100
P re fe rre d ..................100
P r e fer A G am b le.... 100
P re fe rre d ..................100
R.I. Perkins H orse 8b. 100
P re fe rre d ................. 100
Russell A Erwin............ 25
Safety Car H e at A Lt.100

(.5 p a g e s ) P a g e 5.

BONDS .

Low H ig h
109% l lo
92 100%

100
80

PRICES

Bonds
Sold.

THE CHRONICLE—BOND

J u l y 9,1898.]

31 i see 11 an eon*.
Schwarzchild A Sulzb.100
Semet-Solvay deb 5s
Simmons H ’rdw-Com.100
P re fe rre d ..................100
Singer Mfg Co............ 100
Standard Oil................ 100
Standard D istributing....
Preferred,........................
Stand Und’rg’d Cable.100
S lossIA Slstfis 1917.FAA
Southern Cotton O il.. .50
Stat Isl R T 1st 0s’13AAO
2d 5s 1920................JA J
Stillw-Bierce A Sm-V.100
Swift A Co....................100
1st 0s...............................
Susq Coal 0s 1911----JAJ
Term W areh—Stock.. 100
1st 0s...............................
D ebenture 0 s..................
B anks.

Bid. Ask.

Bid
40
101
105
110
400
441W
30
92
109
88
80
107
00
70
94
$106
115

Ask.
50
103
120
420
443
20
94

no

95
70
80
90
10
70
70

B anks.

31 Isce lla n e o u s.
Texas A Pacific Coal. 100
1st 0s 1908............AAO
Title Guar A T ru st... 100
Trenton P o tt—C om ..100
P re fe rre d ..................100
Trow Directory-New. 10 0
Union Switch A Signal.50
P re fe rre d ................... 50
Union Typewr—Com. 100
1st preferred.......... 100
2d preferred.............100
U 8 Glass—Common.. 100
P re fe rre d .......... ....1 0 0
U S Projectile Co.......100
W agner Palace Car.. .100
W estlngh Air B ra k e ...50
W illimantio Linen Co..25
Wool Exch’ge of N Y.100
W orth’t ’n P ’mp-Com.100
P re fe rre d ..................100
Bid. Ask.

B anka.

48

52

275

282%

*82’
30
04

37
38
60
115

102

110

6
92
86
70

8

96
90
27
90

100

105% 100
490
24
89
Bid.

110

27
90%

Ask.

Ger Amer*.. 90 100
N. Y. CITY.
Mech A Tra* 120
H am ilton*... 105
104
M ercantile
I A m erica*. .. .
101
Kings Co*....
140
M
erchants’.
.
Am
Exch.
n o I A s to r.......
M anuf act’r s . 250 ......
Merch Exch. 110
22
220
Mechanics*..
410
Metropolis*..
220
i
A
stor
Place*
80
70
Mech A Tra*. 245 255
! Bowery*..
300
Mt Morris*.
90
N a ssau ......... 200 275
M utual*....
B roadw ay.... 225
95 105
N
at City...... 335 340
150
N
assau*....
B
utch’sADr.
100 no
North Side*.. 175 185
250
New
Amst.*..
C
e
n
tra
l.......
100
150 100
People’s* .... 190 195
New York... 280
C hase..........
n o 118
Scherm’rh ’n* 140 150
Chatham ... 290
New York Co. 800
5
17th Ward*. 100 106
N Y N at Ex.
Chem ical.... 8000
40
25
200
Citizens’. ... 125
N in th ..........
45
20th Ward*.. 135 145
100
C
ity
.............
19th
Ward*..
1000
120
100
Clinton*......
N orth Amer. 135
15
8
W allabout*.. 103
C olonial*. .. . 130
O riental*. . . . 140
40
20
180
Pacific*...
Colum
bia*...
Bosto n list C om m erce... 200
T r u s t C o s.
290 308
P a rk .........
60
55
N. Y. CITY.
200
Peoples’*
C o n tin e n ta l. 125
11
8
A tlantic T r.. 135
90
P
h
e
m
x
...
Corn
Exch*..
k Kxc h.
Central T r’st. 1350 .........
190
E ast R iv e r..
Plaza*......
88
84
192
Prod Exch*.. 110
11th Ward*.
98 102K F
C o ntinental. 185 - ......
R epublic. . . . 160
i f t h ............
105
Consolidat’d.
Riverside*... 180
F ifth A ve*..
35
....
Farm Ln ATr 850
175
Seaboard.
F irst..............
am am
F ifth Ave Tr 330
450
Second . ..
F irst (St Isl)
90% 91
420
G
uaranty
Tr
120
110
Seventh...
F o u rth . ..
180
80
00
Knick’rb’ck’r
Shoe A L e’th 92 100
14th Street*.
100
25
M anhattan.. 105 ...*••
S ix th .......
F ran k lin .......
175 200
M ercantile .. 40o
S ta n d a rd .
G a lla tin ....... 300
52
43
Metropolitan 30 '
State*
.
.
.
.
Gansevoort*.
50
N
Y L I & T r 1000
State
of
NY*
Garfield......... 950
114 110
N Y Sec A Tr 360
Tradesm en’s
German
Am*
118
112
100
208
120
12th
Ward*
.
German
Ex*.
200
tock E xch.
Real Est T r’t 200
23d W ard*... 100
G erm ania*... 300
4 Sit
State T rust.. 200 210
230
220
Union............
Greenwich*..
105
1i
8
Lnion Trust. 1000
Ui.ton Sq*....
H am ilton*...
U SM tgA Tr. 278
t 18
W estern....... 150
H anover....... 385*
Lnit. States.. 1170
W est Side*.. 275
95
H
ide
A
L’ath
104
102
W ashington. 225
Yorkvllle*.. 170
155
Home*....
BR’KLYN.
H udson Rlv* 140
12
10
Brooklyn Tr. 390 405
BR’KLYN.
5&0
Imp
A
Trad.
132 140
F ranklin...... 225 235
Bedford*. .. . 215
Ir
v
in
g
..........
147%
230
3
3W L eather Mfr. 170
Broadway*.. 190 2 0 0
8
4
Kings Co...... 280
Brooklyn* ... 140 150
Liberty ........ 130
50
45
L Isl L A Tr. 220 225
95
8th W ard*...
Lincoln.........
750
Manufact’rs. 235 245
225
5th A ve*.... lo4 107
M anhattan*.
157 159
100 105
F irst............. 3S0 395
M arket A Ful 225
10
People’s — 245 260
180 2 0 0
Fulton*.........
170
M
echanics’.
.
50
tP rice per share
* Banks marked with an asterisk (*) are State banks.
"we” i'oo
§ P urchaser also pays accrued interest.
60
45
100

THE CHRONICLE.

08

[Vol USA II.

B o s t o n , P h il a d a l p h i a a nd B al t i m o r e S t o c k E x c h a n g e s —A Daily a nd Yearly R e c o r d .
p j r «i>ltur« F r I r e * — N o t F o r C e n t u m
S a tu r d a y
J u ly

2.

JU otufoy
1 J u ly

4

T uesday,
J u l y i>.

P r ic e # .

W e th tc s d a y l T h u r s d a y ,
J u l y H.
I J u l y 7.

A C T IV E

K y id a y ,
J u l y $•

•iiJH
W

07

aau
IU

10«*

117
lift
m l*
21*
88*
♦4t>
9fl*

B id and asked prices; i no sale was

STOCKS.

11 I n d ic a te s u n lis te d .

j S a l ex
! o f the
Share*

R a n g e o f S a le s i n 1898.
L o w e s t.

H ig h e st

K n llr o n tl 8tOCk«.
7 0 * B altim ore City P a sse n g e r... (B alt.) . . . . 25
6151 00 Jan
Jfi . 4 75W Feb. 11
44
. . . . 2ftj
224* Baltim ore Consolidated........
800i 2 1 * A
Apr. 20 2494 Feb. 14
ah Baltim ore C ooM lldstedt. . . . i P h ila ,) . . . . 25
... 2 1 * M
Mar. 12 2494 Feb. 28
* Mar.
29 2 2 '• J u n e 9
13 217.U
M
5 23* Boston & Albany................ (Boston).... 100
....1 0 0 )
08*! 5294 Mar. 26, 6 7 * July 8
07* Boston E lev ated .........
n»Si
au Boston & Howell.........
10:215 Apr. 2 225 J a n . 22
. . . . 100
82u
103 Boston & M aine..........
13 100 Mar. 12 171* Jam 7
,,.,1 0 0
0,825 8594 Mar. 26 107ft J uno 11
. . . . 100
lb7 Cine. Burl. Qnlncy..
_
195 102 Mar. 1412194 Feb. 7
117 ^ jCldc. .7nnc. & tin. Stock Yds.
....ioo
44
117*! P re fe rre d ............................
47 105 Mar. 12 120 May 11
...1 0 0
90^4 Chic, Milwaukee A St. Paul. (PhU&A , ...1 0 0
SOU 8 3 * Apr. 2 1 1102 Ju n o 11
1,540j « Feb. 25 22*$ J u n e 29
... 01'
2 H*,’Choctaw Oklahoma A G ulf..
88*
P referred..... .......................*
. . . 50! 1,530 2794 Ja n . 4 3996 Juno 29
24,9 87 Jan . 3 50 July
1
49* Consol. T raction of N. J .7 ...
“
... .100!
luo | Pitch burg, p re f.......................( B o sto n ).... 100 j
118 98 Mar. 28 101$4 J u n e 20
Ga. Southern & Florula........ (B alt.) ...,1001
........... 2754 M ay « 3 5 * J u n e 7
1s t preferred............................
“ ....io o 1
75 84 May 25' 87 Ju lv
5
2d p re fe rred ............................
“ ....10 0
......... 50 May 8! 6i Ju ly
1
Lehigh V a lle y ..................... . ( P h ila .) .... 50; 1,002! 20 Mar. 12 20W Jan . 3
15 4 * Apr. 0i 0* Jan . 12
Mexican C entral............B oston). ...1 0 0 1
N orthern C entral................... (B alt.) . . . . 50
......... 76*4 J a n . 14' 83 J u n e 30
0,843 19 Feb. 24 31 Ju n e 8
N orthern Pacific .................... (P hila.) . . . . 100
P referre d ....................................
. . . . 100 j 1,7.15; S7M M ar. 201 7 0 * Ju n e 24
7! 185% M ar. 16 193 Jan . 31
Old Colony................................(B oston)
100'
Oregon Short Line....................
“
100, .......... IS Jan . 4 33*$ Feb. 17
(P h ila .).... 50
2,SOU 5 5 * Mar. 18 0 0 * Feb.
7
P e n n sy lv an ia.................
8.540 77' Mar. 25; 8H J u ly 7
%S!Philadelphia T rac tio n ..........
** . . . . 50
9 * , Beading Company..................
“
. . . . 50i 2,573 7 13-16 Mar25 11% J a n
0
2 3*
1st preferred.......... .
1,483 1 8 * Mar. 26 27 1-10 Feb. 3
“
. . . . 50
1,900
9 * Mar. 25 14 9-10 Feb. 5
2d p re f e r r e d .........................
44 . . . . 50
Union Pacific...........................(B o sto n )
100, 1.804 16* Mar. 25 2 5 * Ju n e 3
P re fe rre d ............................
“ — 100 8,230 47 M ar. 2 5 1 6 3 * Ju n e
Union T ractio n ....................... (P h ila .) . , .. 50 11,558, 1 2 * Jan. S| 1 8 * July
W est End S tr e e t........................... (B o s to n ).... 50 1,132 78 Mar. 25 85 Jan.
M is c e lla n e o u s S t o c k s .
American Bell T elephone.. . (B oston). . . . 100
2891238 Mar. 12 280 J u n e 80
American Sugar R efining7..
44 ....1 0 0
430 107ft Mar. 26 1 4 5 * Ju n e 0
Preferred 7 .........................
“
100
4771103 Mar. 25 1 1 0 * J a n . 6
Boston & M ontana..........
4*
25
2,299 149* Jan . 4 )2 12 J u n e S
B utte & B o sto n * ......................
44 . . . . 25
1,070 1 8 * Mar. 121 2 8 * Feb, “
. ~ Calumet & Ile c la .. ...................
“
25
24 489 Jan . 3 57 5 J u n e 2
6 4 * Consolidated G as.................... (B alt.) ..,.1 0 0
384 5 2 * Jan . 10) 05 Ju n e 24
2294 Dominion C o a l.......... .
(B oston). . . . 100
050 1-t Mar. 121 2 4 * Ju n e 8
29% Electric Storage B attery T .. (P h ila .).. . . 100
2,930 18* Mar. 25 2 9 * July »
8296 P referred 7...............................
'*
100
S55 21 Mur. 8 3 2 * Ju ly 8
Erie T elephone................ . (B oston). . . . 100
158 5 9 * Mar. 25' 7 2 * Jan . 5
Illinois Steel.................................
14 ....10 0
4 4 * Mar. 12 00 Ju n e l
Lamson Store S e rv ic e ..............
44
50
10 20
Mar. 12 2 3 * Ju n e 8
Lehigh Coal & N avig atio n ... (Phila.) — 50
150 37 July 8 4 3 * J an . 7
Marsden Company 7...................
44 . . . . 100
5,079
5 May 27 l l * J an . 11
New England T elephone.......(B o sto n )... 100
101 120 M ar. 12 134 Feb. 7
Oid Dominion Copper T.........
44
25 1,543 2 1 * Ja m 5 1 8 2 * Mar. 2
Pa. Mfg. Light & P ow er! ... ( P h ila ,).... 50
6 Apr. 14 IS * Ju n e 27
5,560
United Gas Im provem ent7..
“ . . . . 50
3,549 9 7 * Feb. 24 114* May 19
United States Oil.................. (B oston)— 25
1.185 1 0 * Feb. 4 I 1 5* J u n e 30
, .Welsbach L ight V ,................( P h ila .) ....
2,362 ■
3 3 *----Feb. 8: 6“ 2 * JuHlyi "
1 * 1West End L a n d ........... (B oston). . . . 25
1* J a n . 3
1 Ja n . 13
W estingh. E lectric & M fg ...
44
50
200 2 0 * Apr. 13 2 5 * Jam 8
55 | P re fe rre d ................. ............
...... 50
147 50 Apr. 22 55 Ja n . 11
t T r. recta.

1 J i t rig h ts.

0 L o w e st Is,ex d iv id e n d .

B id, A sk.
NAC TIVE S T O C K S B id . A sk. 11 S T O C K S B O N O S H id. A 4k,
BONDS
BONDS
B o s to n —Concluded.
HA ILRO ADS.- P r ic e s J u l y
MISCELL.—Couoiuueci.
B a l t i m •>r e —C o n clu ’d . 1
Ogd & L C con 0s.’2O A&O * 93
8
A t Top A S F e..(B oat)100
W e st N C co n 0s. 1914 J &J I
Iu t B u tH A SM “
10
m
40
Income 8s.. ...........1920
15
3o
Atl A C harlotte (B alt) 100
W e stV aC & P lstO g .’l l J & J !
112 * M arsden prefT (P hil) 100
R utland 1st 6s. .'02 M&N $105 107
Balt A O h io .... “ 100
W llCol& A ug 0s. 1910 J AD I
1 4 * 1 4 * M erg en th aler.. (Bost) 100 180 183
2d 5 s ....... .1898 F&A 5 0 9 « 101
60
M orris C an al...(P h il) 100
B ob A M aine pf.(B ost)100
W il & W e ld '5 a .. 1935 J& J I
W est E nd St 5s. .’02 MAN $104 105
Boston A P ro v . 44 100 2 7 5 *
P r e f ........
“ 100
5107
4 * s ...........................1914 MAS
47H
Osceola M ining(Bost) 25 47
Cat&wissa.........(Phil) 50
B o n d s —P h i l a d e l p h i a i
Gold 4 s..........1916 MAN
A tl C ity 1 s t 5s g ..’ 19 M&N I
1 st p r e f . .. .. .. 44
50
10
5 3 * P a rro tt Sil&Cop “
4s ....................1917 F&A $104
Central M ass...(B oat) 100
Pennsyl S a lt.. .(P h il) 50
Bufl'alo B y con 1 s t 5a. . ’31
10
8
10
P re f................. 44 100 53
C ataw issa M 7a. 1900 FAA
50
P ean sy l S te e lt. 44 100 13
27
B o n d s —B a l t i t n o r e .
P re fT ................ “ 100
C entral O h io ...(B alt) 50 2 5 *
Ches& D Can 1atS s.’ 10 J& J
Atl A Ch 1st 7s. 1907 J&J 115
32
Chic A W Mich. (Boat) 100 I t
P h il'delphla Co(Bost) 50 31
C hoc OkJa & G p rio r lie n 0s
AtlG -Llght 1s te a l 917 JAD
Cit’BS to f IndaT(PhU) 100 25
Pullm an’s P a l .. “ 100 200* •310
G e n e ra l 5 s . . . .1 9 1 9 J& J
Balt. Belt Istos.lOOOM&N
09 100
C it’s ’S t R y { In d )co n 5s. *83
Quincy M ining. 44
25 114 115
City A Subu rb .. (Balt) 50
BaltCPas 1s t 5s. 1911M &N 113* 1 M * C olum S t R y 1st con 5 s.’32
Conn A Paaauin(Bost)100 150
Reece B uttonh. 44
10
9J4
m
5 * Bait Fundg 5a.l916 M&N
Conn R iv e r.... 44 100 255 260
C olum O C ro s st ls t.5 8 ..’33
S an ta Ysabel G 44
5
Exchange 3*s,19S0J& J 1*0*5*
F lin t A P ere M. « 100 11
T am arack Min. 44
25 155 157
Con T ra c o f N J l s t 5 s . / 3 3
13
Balt&Ohio 4sg. 1985 A&O 112 *
P ref................. 44 100 38
35
U nited El S e c .. 44
50
D el & B B k 1 st 7 s.*05 F&A
Pitts&Con 5 g .l 925F&A
G*rmant’n Pass (P hil) 50 185
E a s t &A 1 s t M 5s.* 20 M&N
P r e f .................. 44 .100
Stat lsl 2d 5 g .l 920 J&J
H eston v M A T “
50 40
E d iso n E lec 5s s tk t r e tfs.
W ater P o w er.. 44 100
Receivers c e rtlf 0S.J&D
P r e f ................ “
50 00
W elsbaeh C om !(Phil) 100 24
E!ec& P e o p ’s T r s tk t r c tfs
Do M aryland Cofistr 5 8 13
H u n t A Broad T
P r e f T ............... 44 100
E lm & W ilm 1 et 0 s . 'l 0 J& J
14
Do P ittsb & Con 5s.J&J
4 0 * W estm ’rel Coal (P hil) 50
P r e f ................
Income 5s__ 2862 A&O
K C F t S A M . .(B ost)100
Eq 111 Gas-L Is tg 5 s .l9 2 8
15
11
W olverineM in.(B ost) 25 2 2 * 22% 11 Do Main Line 5 s ...
BAGS W 1s t4 * g. 1990J&J
P r e f ................ 44 100
05
50
W ollaston L ‘d . 44
5
H estonv M & F con 5s.*24
1*
Balt&PlStfism 11911A AO
L ittle Scbuylk.(Phll) 50 52
n & B Top con 5s.*25 A \ O
1st Os tunnel 1911..JAJ
Maine C entral. (Host) 100 127
In to tn a t Nav 0*. ... J 000
B o n d s —B o s to n .
Bal Trac 1st 5s. 1929M&N 113
Am Bed Tel 7s. 1898 FAA 100
M etropoi St7... (Phil) 100 1 5 8 *
ICC Sub B 1st 0s..*2O J&D
AT&S Fgen r 4s .’95 A&O \ 02* 93 j E x t & Im p 6s.l 001 M&S 103
M tnehlll A S H . “
00 5 6 *
K C P & G 1st 5s..*23 A&O
Nesquehon’g V. 44
50
No Balt Div 5a.l942J& D 115
A d ju stm en t g 4 s .. 1995 \ 68
Lehigh N av 4 * s,.* 1 4 Q-J
68*
101
Conv’rtible 5sl0O0M&N
102 *
New E n g lan d ..(Bost) 100 35
B A M 3d is 7s,’02-07M&N
R R 4ft g ........... 1914 Q -F
P r e f . . . .......... •’ 100 95
Boston T erm ’1 3 * s . . 1947 ,109 i l l
Capo F&Ysr A 6g. 1016 J &D 05
0 0*
C onsol 7 s....... 1911 J& D
N orth P e n n .. ..(P h il) 50
1st 0s aer B..1910 tr rec 45
Bos U nG as l s t 5 s . ’39 J&J * 92
92*
50
G en M 4 * s f t . . 1924 Q -F
?
*7
No A W Branch 41
50
1st Os aer 0..1916 t r rec 45
2d M 5 s.......... 1930 J AJ a
50
78
L eh V C’l !« t 5s g.'B3 J& J
Penn A N \ \ . .. 44 5 0 1
C ent Ohio 4*.s g .’BO M&S 100
120
Bur& M oRiv e x ’ptOs.J&J j
L e h Val l e t 6 s . 1 8 9 8 J& D
Central Rv 0 s... 1012 J&J
Phil A Erie....... 44
50
Non-exem pt 6 s .’ 18 J&J \
LOO
2d 7 s...............1910 M&S
Consol 5s. . . . 1932 M&N 115
Phil Germ A N . 44
50) 136 .......
Plain 4s.......... 1910 J&J 1 95
C onsol 0 s — ,1 9 2 3 J AD
United N J ....... 44 100 254 255
E x t & Im p 5s-'1982M&S 114%
Ch BurA N 1bL5s.’2U A&O *107
A iln u itv 6 s . ............J& I)
United T r o f P . 44
50,
Chari CAA ext 5 s. 101 OJA) I 100
2d M OjB.........191$ J&D U04
N ew ark P a s s con 5s. 1980
P r o f.................. 44 50i
Chesap Gas 0s. .1900 J& l), 103
Ch Bur AQ 4s. 1922 FA A j 98
N Y P h A N o r 1s 10s ,’23 J& J
City&Sub 1st. 56.1922.) & I) 114
W ft#t End p ref.(Bost) 50! 104 105
Iow a Div 4 s.1919 A&O a 98
N o P e n n 1 st 4 s..’36 M&N
Col&GrnvlsI 5-0.191 7.1 &.T 115
W est J c r A S S .(P h il) 5()| 52 I 4 I Chicago J u n e 5s. 1915 J&J j l l 2
G en M 7 s . . . . . . 100 3 J& J
Consol Gas 08. ,1910 J&D 110
W est N Y A P a . 44 50!
3*V Ch A No M gu 5 s .*81 MAN \
P e n n g en 0s r .. ,1.910 V ar
W1*con Centr*l(Bost)100]
3
5s.....................1930
J&D
Chi
&
W
M
gen
5».’2
l
JAD
j
2*
C onsol 0s c . .. .1 9 0 5 V ar
P re f.............. "
Ga &AialatpfSsl945A A O 101 “
5 ; Com of Vorra’t fis.'l 3 J&J » 70
C onsol 5 s r — 1919 V ar
W nr N w h 4 R. 44 100' 1203 1125
GaCurA N1at 5» g. 1929.1 AT 9 2 * 93
C u rr't Itiv 1st 6s,’27 A&O j 7 7 *
C o lltttT r :4 * s g.’ l 3 JA D
G
eorginPl
st.5-081922.1&J
DG I t A W 1st 4s.’40 A&O 70
MISCELLANEOUS.
120
1.23
P a A N Y C an 7 s..,06 J& D
Ailoae* Muting fBo»tl 25
GaSo AFhi 1s t 5s. 19 4 5.1 &J 103 1 0 3 *
m ) 4 * ‘ Doniln Coal !sf,0s.*l 3MA8 GOO*
C ons 5 s .........1039 A&O
Am Hy El L t.1 . (P h il). ... j
; ITast’n 1st M 6ag.'OO MAS a. . . .
Labe It Ei lstgu5sM2M&S
C ons 4 b .........1939 A&O
A naconda M in.(Bost) 25
j ! Mac&N 1st 4*9.1990M&.8
P e n n S teel ls tS s .’l 7 MAN
A nniston Land. 44 100
! M etSl/W ash) 1st 5s’25FA 118
Uimt’p’tl 1st Us.-83 A&O U3H
P e o p le ’s T r t r c e rts ,4 s.*43
Arnold M ining. 44
2 5l *14% 1*5
lllln Steel conv 5s.'1 0 J&J a 89
New Orl Gas 1st 5 s...V a r 100
P erk io m 1 st 8 er5 s.’l $ Q -J
Ash Bed M ill's. 44
2 5'
D ebenture 5s. 1018 A AO j 87
NorthConl 4*s.l025A A O 110
3*1 m
P h ila E le c go ld t r u s t c tfs
A tlantic M lu'g. "
25; 20 * j 30
K C CA S 1st 5 sg .‘25 A&O 6 75
08 1900....................A&O 105
P h& K r g en M 5g.’20 A AO
Baltic M ining.. 44
251 19 1 1 9?) ! K C F t SAG 1st 7».’08 JAD 3112
0a gold 1900 ............J&J 104
G en M 4 s a . .1 9 2 0 A&O
B alt W arcbo'ae(Balt) 20
K C K SAMcon 6s. '28M AN $102
09 1 9 0 4 ....................I&J 110
P h & R e a d 2d 5 s.’83 A&O
Bay S la te Gaa1.(R .«t) 50
K CM & B 1st 4s..484 MAS ) 78
Series A 5s 1 0 2 0 ....J&J 114
C onsol M 7 s .. 1911 J& D
BergA.EngBr*w(Pbli) 100 Cl
Incom e 5s........
5 83
Series B 5s 1920— J&J 114
Con M 6 8 R ...1 0 ] 1 J& D
P r e f .............
“ io o 75 100 : K CA M RyAB 5s.’29 A AO 4100
OhloA M1si 7SD1905 MAN 102 103
Ivx-t 1m p M ifi g. -17 A A O
126
Boston Elec LL(Boat) 100
K C St J o & C B 7s. ’07 J AJ ? 1 10
105*
P itt a ACon 1st 7s 1808,1 A.i; 1 05
Con M o f ’82 4 s ,*87 J A.I
Boston L a n d ... 44
10 ‘ ‘i *
4^ Larns’i iS t'r e 8 08.'O0MAS } ,...
P itt Un Trac 5*. 1907 J&J 101
1 0-yr s f 5s g . l 902 F&A
3
■
Boylston s i L*d 44
15
L Rock A F S l a t Tc.’Ofi J&J U 00 108 ’! Potoni
Val 1st 5s. 1941J&J . . . .
T e rm in a l 5s g .l 041 Q -F
Cam bria Iro n ..(P h il) 50 4 1 * 42
L E&St L 1st 0 a a.’20 A&O 4 05 1100
Sec*Av Tn (P itts )5s’34J &D i 109*
P W il & B alt 4s. 1017 A&O
Canton Co.
(B alt) 100; 7 [ * 72 *
Scab & Roan 6s. 1920 J&J 101
103
I 85
Col Ia t t ru s t 4s. 1921 J& J
C enten Mining. <Boat 35 1 5 * 1SH\ M ar LI A Out 0s...*25 A&O n i o
Virg Mid 1st 6s. 1900 MAS 110
111
P itt s C & S tL 7s. 1900 F&A
Central T rans. .(Phil, 38
Mux C entral 5s,10J 7 A&O
.......
2d series 6b.. 1011 MA.SI I 10
R oad Co g en 4 s, 1097 J& J
Demin C««l pf.(B ost 00
108*
•Is g . ................1911 J&J $ 02* 0 3 * i 3d series 0s . . 1910 M AS 114*
BootiOHler B y eon 5s. 1930
dlson El IT!__ “
00 160*’ 165
1st con Inc 3s g nou-cmri
u * 14
4th aer 3-4-5*. 1921 M&S 00
S cb R E H ld ei st.fxs g*35J&D
25
Ft W ayne E lect 44
l
2d con Inc 3* nnn-cuim)* '
5*1
5tb series 5s, 1920 MAS| 1 0 3 *
U n io n T e rm ‘ 1 1st 5s.F& A
Franklin Min'g. 44
25 13
1 3 * Now Eng Tele 0s.*99 /»,vu $ 1uo^
.. /tt (S tate) 3s new.’32.1&j| 77
7 7 * U n ite d N .J 4 s .. 1944 M&S
French Bsy t o . 44
0
s
.
.
.
.
............
10U7A&1
, * t f H\
Fund debt2-3s. 1001 J & J 1 7 1 * 7 1 * 1 U n lY a c P itts g en 5 sJ97J& J
General E lec t.. °
N V&N Err* 1-t7 s.d ," J •,.! 117*
. Va& Tenn 2d 5s. 1900 J&J |
SAncl a c c ru e d in te re s t.
P rp f__ . . . . •*
L-C ri,.,rr 14 . .. IPOi, .1 u 111
8s......................1000 J & J 1
•P ric e in c lu d e s o v e rd u e

H h l.

A fik.

113 115
107M
1 15
113
107W
107
«<%
75

107"
97
■SH

104” y ' i i i
117108
109
110
88J4
105*
1 «0J4 10634
114
io s m

104
68
109

69

110

no*

95*

115

131*

T2L
110
100*
112

113

102M 103
101*
05
120
120
131* 132*
> « !«
102^4

no*
108

82% 83
100

L05

TUnli s te d .
coupo ns.

THE CHRONICLE.

J u l y 9 1898, ]

§mrestraetit
4.ND

R oads.

69
L a te s t Gross E a r n in g s .

Week or Mo

1898.

1897.

*7an. 1 to L a te st D ots.
1898.

1897.

*
I r o n R a i lw a y ... i M ay . . . .
4,605
3,022
21,698
15,530
J a c k . T. A K . W iM ay.
30,406
25,918
157.383
141,678
K a n a w ’a<fcM ich'4tliw k i ’n e
15,207
11,763
269,302
24 ',942
K .C .F. S c o tt AM 3 d wk J u n e
73 ,7 8 5
71,537 2,234.014 2,0*1.462
K .C .M em .A B ir. 3 d w k J u n e
25,517
16,475
725.249
550,441
K a n . C. N . W .,.. M a y ............
30,479
R A I L R O A D E A R N IN G S .
24 ,2 4
1 )5 ,7 9 2
133,829
K an. C ity &O m . 4 th w k j ’n e
4,081
2.970
123.304
118,194
The following table shows the gross earnings of every K. C. P itts . A G . 4 th w k J ’n e 78,188 46,951 1.555,605
893.908
K
an
.C
.S
u
h
.
Belt.
4 tliw k 1’ne
STEAM railroad from which regular weekly or monthly returns
10,745
7.9
224,880
169,298
K
eo
k
u
k
A
W
est.c
3d
wk
J
u
n
e
8,864
10,691
254,<*23
can be obtained. The first two columns of figures give the L. E r ie A W est. I th w k J ’ne 72,132
243,702
89,089 1,645,839 1,635,749
gross earnings for the latest week or month, and the last two L e h ig h A H u d .. M a y ..
3 >,890
30,161
144,856
133,834
columns the earnings for the period from January 1 to and L e h ig h V al. R R . M ay.
1,390.213 1*393,197 6,936,928
Leh. V. C oal C o. M a y ..
1*059, *72 906,821 5,335,177 6,724,337
including such latest week or mouth.
5,144,555
L e x ’g to n A E a s t.
p ril.
1 *,540
20.980
6L039
65,655
The returns of the street railways are brought together sep­ L ong Is la u d R R . A
M ay ..........
401.717 348.14
1,393,340 1.255,122
L o n g Is . System . M ay..........
arately on a subsequent page.
423,906 376.21
1,455,1
1,322,105
L os A ng. T e rm .. M ay...........
5,707
8.847
31.611
3 1.290
L a te st G ross E a r n in g s .
J a n . 1 to L a te s t D ate. L ouis. E v .A S t.L 4 th w k J’ne
34,274
2 9 ,0 /2
729,452
653,860
Lou. H. A St. L . . 4 tiiw k J ’ne
R oads.
11,848
1 1,367
239,999
2
1 1,5>- 8
L ouisv .A N asliv . t t h w k j ’ne 6 02,070 516,596 10,891,123
\W e e k o rM o \ 1898.
13 9 7 .
1897.
1898.
9,779.389
M acon A B irm .. M ay.
3,6 7r
4,14
23.272
24,446
M a n is tiq u e ........ M ay.
$
I
Jf?
$
14,105
9,526
49.00
44.518
3 6 ,5 6
A d ir o n d a c k .......iM a y ............ 1
15,9 9 3
9 5 ,9 1 6
87.099 tM e x ic a n C e n t . 1thw k J ’n e 29*,910 309,418 6,712,527 6,564.019
3 7 ,8 3 3
A la . G t. S o u t h . .4 t h w k J ’n e |
4 0 .1 4 3
8 3 2 ,2 7 2 '
2 ;0 ,5 0 5 240,86
7 4 3 ,4 )9 M e x ic a u I u t e r ’l. M a y . .
1.3 '4,043 l,3 0 5 ,v 3 7
6 1 ,6 9 7
4 4 . 144
A la . M id la n d ..
A p r il.........
2 5 7 ,6 4 5
229,914 tM ex. N a tio n a l 4 th w k j ’ne 151,377 121,061 2,998,891 2,948,476
M ex. N o rth e rn . A p ril
A la . N. O. T e x . A P a c . J a n * 1
55,799
5 5 ,914
i 84,4 11
223,034
22 000
6 2 7 ,2 7 6
17 0 0 0
N . O rl. & N. E. 2 d w k J u u e l
562,197 1M ex ic a n R’ w a \ a k J u u e l 8
7 9 ,700
70 ,5 0
1,949,200 1,735,000
3 0 5 .5 2 4
*,0 0 0
8 .0 ,/0
A la . A V iekab. 2 d w k J u n e
25 ;,516 M ex ic a n S o........ 3dw k J u n e
11,940
12,0^0
319,272
340,645
7 ,0 0 0
7 ,0 0 0
302,953!
V ic k s S b .& P .|2 d w k J u n e
52.00
22 4,370 Mm n e a p . A S t. L. L th w k J ’n e
60,215
989,295
903,349
S t.P . AIS.St.M
A lle g h e n y V a l.. M a y ............| 2 1 4 ,3 0 8 2 0 6 .1 6 8 1,046.858!
97,184
t h w k .J ’ne
931,848 M .
87,997 1,814,834 1*.->84,794
2 2 .9 J 6
6 9 0 ,9 9 6
2 2 .3 7 5
A n n A r b o r ......... 3 d w k J u n e
5 3 * ,179 Mo. K a n . A T ex i th w k )’n e 2 >4,16:) 198,8x5 5,002,767 4.929,295
Mo. P a c . A Lro u M I t h w k J ’ne 667.000 5 6 8.00 12,276,114 10,620,147
6,361
41,532!
■ ■ >-"5
■
A rk . M id la n d ... 4 p r i l ........
5 ,5 7 3
28.
C e n tra l B r’oh. 4 th w k J ’n e
A tc h .T . A S .g e.e M a y .......... 3 ,2 8 9 .4 7 0 2 ,8 0 3 ,6 2 5 1 5 ,7 8 7 .8 3 8 j 13,362,979
42.000
27,00
650,354
478,691
T o t a l..........
11 9 .5 8 8 | 122,507
A tlanta**: C h a r A p r il........
5 4 3 .7 0
5 9 5.00 12,926,468 11,098,838
4 th w k J ’ne 7 0 9.00
561,529
2 .3 8 9 1 128.7951
A tl. K n o x . A N o . | M ay ...........1 2 3 ,. 61j
7,759
7,087
102,462 M obile A B irm .. ith w k M a y
158,623
127,871
3 8 ,1 2 5
4 0 ,0 6 5
A tla n ta & W. P . A p r il..........
1 9 2 ,034
136,993 M obile A O h io .. •J u n e .......... 3 0 8 / 0 0 3 01,566 2.075.3
1.877,328
8,1 3 3
A tla n . A D a n v . . 4 t h w k J ’n e
2 7 7 ,6 6 1 1 260,000 M ont.A M ex.G ’f M ay............ 127.187 115,920
7,331
652,525
578,260
9,6 -'51
A u » tin A N *w est A p ri 1 .
1 1 .2 -7 !
4 2 ,8 3 8
52 6,039 444,393 2 ,313,43
64.297 N a sh .C li.A S t.L . M a y ........
2,086,858
. 2 ,4 2 7 ,6 5 0 2 ,0 7 ,3 2 8 11 ,2 01.01 y 9.959.971 N e v a d a C e u tra l. A p ril___
B a lt. & O h io ___M a y ...
3,004
2,035
14,175
9,865
M ay............ 3,944,946 3,803,731 18,547,075 L7,4 46,964
B al. *fe O. S o n ’w . I t h w k J ’ne
149.824! 167,106! 3 .3 8 7 ,2 4 8 2 ,9 5 5 ,- LX N. Y. C. A H . R
1.40.C
105,012 115,77
B a t h A H a m ’nd s M a y ..........
L.666
L th w k J’n e
8,5 7 8
l,"/29,275 1,767,697
8,595 N. Y .O n t.A W
2.031
B ir. A A tla n tic . M a * ...........
185,850 181,922
1,752
11.2 1 6
863.250
8,797 N. Y. S usq. A W. M ay
826,663
B ru n a w ’kA W eat IA p ril..........
44,60o
4 5 .9 5 0
1 6 9 .5 3 3
177.713 N orfolk & W est. ith w k J ’n e 18 ,687 188,579 5 ,4 2 4 ,->57 5,0.-5,331
9 5 775
Buff. R ooli.A P itt L lh w k J’ne
7 7 ,5 2
3,980
1 ,8 0 1 ,5 0 1 1,552,242 N o rth e s ’n (G a .). A pril.
3,565
24,630
19,971
B u ffa lo A S u a q .. M a y ...........
4 3 .4 9 7
5 0 ,230
4 9 ,2 8 7
4 5 ,870
2 1 6 ,0 8 6
1 62,876
221,142 N o rtlie V n (3 .C .) M arch
160,159
95,4 6 4
B u r.C . R a p . A N . 4 tb w k J ’n e
492,365 491,562 2.505,192 2,554,115
1 0 7 ,t3 2 l 1 .9 2 8 .5 1 3 1.646,832 N o rth 'n C e n tra l. M a y . .
O a u a d ia n P a c itic ith w k j’uel 6 6 8 .0 0 6 0 2 .0 11 1 ,5 -1 ,9 0 9 9,712, 9* N o rth ’n P a c ilic . 4 th w k j ’ne 5 3 7 ,8 7 7 520,7-*7 10,250.564 7,615,823
O ar. M id la n d __ M a y ..............
17,670
418.639
3,6061
17,702
2.4 5 1
21.8 3 4
2L.909 O hio R i v e r ....... I t h w k J ’n e
422,345
12,282
13,090
C e n t.o f G e o rg ia i 4th w k j ’n e 107,3331
88,679
98 917 2 .4 5 3 ,9 5 5 2,380,535 O h io R iv .A C h a s M xy............
75,128
C e n tra l o f f». J . . 1M a y ............ 9 5 5 ,3 0 l| 9 ^ 6 .3 6| 4 ,6 9 3 , 4 9 1 4,500.515 O hio R iv .A L .E M ay............
1,901
2,800
12,255
10,809
48,111
47,183
C e n tra l P acific A p r i l ........ 1,336,463 1 ,0 17,647 4 .5 8 3 ,0 7 5 , 3 .6 83,540 O hio S o u th e rn .. M ay___
270.875
262,605
O h a rle s t’uA Sav. A p r i l .........
5 2 ,2 #>j
43 .0 7 4
11,533
14,246
158,55
2 6 5 ,4 8 2
240,141 O m .K a u . C. A E . id wkM oh.
114,754
C h a s ’n & W .C a r.)M a rc h ........
8 7 ,5 2 9
7 9 ,5 6 4
260, 457 i 241,183 O re g .R R .A N a v . 4 th w k j ’ne 126,924 104,083 3,240,827 1,975,284
2,452,150 2.119,526
C h a t ta n ’g a S o .. 3 d w k J u n e !
1,554
1.650
3 2 ,4 3 «
34.894 O reg. Sh. L in e .. M ay ............ 55 4 ,3 L2 493,
45 6 ,4 1 6 281.366 J ,86 0 ,4 >
C hes. & O h io ___I t h w k J ’ue 328,761
2 6 4 ,2 7 - 5 ,6 7 9 ,4 4 * 5 ,3 )9 ,6 5 1 P a c . C o a s t C o .. A p ril..
987,*-87
36 7 .6 3 2 413,891 1,056,607 1,133,779
M arch
C hic. B u r. A Q .d M a y . ....... 3 ,5 5 1 ,5 9 7 2.806.061 1 6 ,6 5 8 ,8 0 2 '1 3 /1 9 ,' 7 l 1 P a c ific Mail.
C hic. & E a s t. 111. i t h w k I’n e
7 6 ,1 6 9
6 7 ,9 3 0 1 ,9 9 3 ,3 3 2 l. 919,894 P e n n s y lv a n ia ^ .. M ay........... 5,399,767 5,085,567 26,114,976 24,404.176
19,258
19.286
4 18,598
C hic. G t. W e s t’ll,4 th w k j’n e
128.571
114, 10 ! 2 .5 1 0 ,3 3 5 2,286,911 P e o ria D e o .A E w 4 th w k J ’n e
4 25,127
73,892
283.->10
62,808
C hic. I rid. & L
•t h w k j ’n e .
8 7 ," 6 6
79,7 4 1 1 .5 3 0 ,6 2 8 1,390.39 1 P e te r s b u r g ........ M a y ..
259,564
332,874 3 09.784 1,123,393 1,^35,834.
C h io .M il.A S t.P I t b w k J ’n e
8 4 7 ,6 9 3 8 5 8 .5 b 9 1 5 .7 5 9 ,3 3 0 13.748,483 P h ila. & E r i e .. . A p ril.
O hio.A N ’th w ’n . M ay ............ 3 ,0 8 6 .8 0 9 :2 ,5 3 7 ,4 3 9 ------------------------ P liila . A R e a d ... M ay ............ 1,697,546 1.613,102 8,280,405 7 ,7 1 9 /0 1
13 ,9 9 8 .7 7 1 11,422,232
C oal A I r . Co M a y .......... 1.802,851 1,637,609 7,931,568 7,18 6 ,3 6 2
C h io .P eo .A S t.L M ay ...........
63,061
66,721
362,9631
338,252
T o t. b o th Co’s. M ay.......... 3,50 0 .3 9 7 3,250,711 16,211,973 14,906,263
C hlo.R ’ k I. A P.. J u n e ..........
5 / - ‘ 1 .2------____, 1. , 4 4 *,019
33,300 8 ,5 0 3 ,9 5 5 ; 6~ ,w8 >,643
5 1 ,)0 1
246,281
52.439
C h io .S t.P .M .A O .|M a y ............ 6 5 8 .7 9 3 6 7 4 ,8 0 9 3 ,1 1 0 ,4 0
231.007
2 ,8 1 1 ,2 /7 P h il. R . A N. E M a y ..........
803,558 801,658 3 ,7 4 4 ,. 66 3,523,666
C h lo .T er.T r.R R , 3d w k J u n e
2 2 ,0 6 5
2 0 ,1 * 9
5 3 6 ,781
496,879 P h il. W ilin. A B. M ay ..........
C hic. A W . M ic h ; I t h w k J ’n e
3 9 ,6 9 5
3 6 ,3 7 9
8 4 2 ,3 2 5
733,478 P itts.C .C .A S t.L , M a y .......... 1,256.577 1,110,779 6,362,654 5,543.729
18,714
3,429
3,349
19,211
C h o c.O k .A G u lf. ; A p r il.........
1 2 l , 0 J8
*2,981
5 3 5 ,4 4 0
358,812 P itts .L is b .A Wn M a y ..........
380,026
5 4,200
101,500
212,9 70
C ln .O .A P o rta ’tlijM a y ............
5 ,0 5 8
5 ,2 7 6
22,316 P itta .B e a .A L .E . M ay ..........
2 2 ,1 3 6
57,832
866,423
6 *,410
800,939
C ln .N .O . A T . P . M a y ............ 4 6 3 ,5 4 4 3 0 1 ,8 4 8 1 ,7 7 7 ,1 9 5 1,419,903 P itta . A VVea’n . . 4 th w k J ’ne
P itt8 .C i.A T o l. 4 tn w k J ’ne
5 10,262
24,247
30,041
384,711
C in .P o rts .A V ir. M a rc h ........
22.716J
19,4 1 2
52,283
61,4 0 3
P itta . P a . A F . Ith w k .J’n e
157,115
12,190
9.286
146.420
O le v .C a n . A S o . . d w k j ’n e
1 3 ,4 5 9
12,2 2 9
T o t.il sy a te m 4 t h w k j ’n e 103,737
94,269 1,546,461 1,345,978
C l.C in .C h .A S t.L 3 d w k J u n e 26 9 ,8 6 9 , 2 5 7 ,9 1 3 6,477.3181 6,083,806
573,365
400,794
P e o . A E a s t ’u [M ay............ 1 6 1 ,5 3 3
1 4 5 ,342
7 6 8 .8 0 0
663,342 P itt8 b . Yo. A A . . M ay ............ 141,704 124,526
76.474
356,418
306,165
O l.L o r.A W liee l I t h w k J ’n e
3 6 ,1 1 0
4 4 ,8 4 5
7 2 3 ,9 8 6 '
606,853 K lc h .F r’Ka j A P. M a y ............ 100,561
166,35
3 5 ,0 6 7
42.501
147,266
C ol. M id la n d — M a y ............ 1 2 4 .6 1 9 1 ^ 3 ,9 1 8
6 3 6 ,5 4 1
646,106 R ich.A P e te rs b . M ay ............
105,338
2 >.768
82,654
32,661
C o l.H . V. A T o l . l J u u e .......... 2 1 5 ,8 4 5 2 1 3 .0 5 6 1,225,148! 1,115,119 R io G ra n d e J e t. A p r il.........
218,104
10,386
174,320
11,265
C ol. 8and*y A H . I th w k J ’n c
23,*i44
19 ,0 43
377,972!
385,081 R io G ra n d e So’n 4 tli w k j ’ne
o l,1 0 0 1,436,246 1,076,766
66,100
C o lu sa A L a k e .. M a y ............
l,4 0 u |
2 ,o o 0
7 ,4 5 0 1
7.300 R io G r’d e W est. 3 d w k J u n e
571,100 , 503,124
14,060
17,682
C r y s ta l................. A p ril..........
1.075
948
4 ,-7 6 ,
2,972 S t. J o a . A G r .I .. . 4 t h w k j ’ne
158,557
23,88o
23,462
142,291
C o in o ’l’d V alley | M ay ............
6 2 ,3 7 6
5 6 .5 9 9
312.310!
277,429 S t. L .C h i.A S t.P . J u n e ..
24,212
3,389
S
t.L
.K
e
u
’e
tA
So
20,137
3 ,9 /6
M ay ..........
D e n v . A R io G r.j I t h w k J ’n e 2 i9 ,S 0 0 1 8 2 ,500 3 .8 4 1 ,0 ;3 3,155,939
146,037 3 ,2 /9 ,1 3 5 2,861,572
164,757
D ea M. A K a n C . L thw kM ch
4 ,4 3 3
4,5 3 6
4 4,212
37,248 8 t.L .A S a n F ra n . 4 th w k J ’n e
9 3 ,500 2,392,669 2,04 0 ,4 1 4
114,400
D ee M. N. A W . M a y ............
5 5 ,1 2 9
2 8 ,5 6 5
2 1 6 ,3 3 2
157.234 St. L. S o u th w e s t. I th w k J ’n e
566,132
504,384
130,931 118,219
D e L G .R a p . A W . 4 tL w k J ’n e
23,7- 7
27,2 6 4
6 9 1 ,5 5 4
536,903 S t. P a u l A D u l.. M a y ..........
632,373
S ttQ .A n t.A A . P A p ril........
632.396
2 04,805 207,149
D e t. A L im a N o .1Ith w k J ’n e
9,13............ .
2 0 7 ,5 0 1
302,987
263.536
69 098
7 4 ,946
D e t.A M a c k in a c jM a y ............
M .7 4 7
4 2 ,1 8 0
232.0141
213,840 Sail F r a u . A N .P . M ay ..........
339,261
2 e5 .2 2 3
13,953
17,323
D u lu th S.S.A A tl I th w k J ’nej
5 2 ,5 6 “
4 4 .7 4 1
849,366!
692.5x1 S. F e P re s . A P h . ls t w k J ’n e
27 1 ,8 1 0 257.937 1,152.807 1,130,077
7 5 1 ,4 4 1
560,509 S a v .F la . a W est. A p ril
K ltf in J o i.A E a s t.'J u n e .......... 1 1 0 ,3 0 7 1 0 1 ,6 5 4
111,920
110.482
9,201
6,374
....................M a y ..............2 ,8 2 6 ,3 2 3 '2 ,7 16.875 1 2 ,7 6 6 ,6 )8 11,989,511 S h er.S hrev.A S o. 4tti\y k M ay
64,010
62.494
23,305
S
il.S
p
ra
.
O.
A
G
18,239
A
p
ril.........
E u r e k a S p r in g s .!A p ril..........
1
6
.8
1
1
19,133
4,7 0 *
5 ,3
3.844
S
ilv
e
rto
n
..........
5,5#4
D e ce m b e r
E v a n s . A ln d ’plix I t h w k J ’n e '
6 .5 5 6
1 3 6 ,5 6 9
128,228
7 ,4 3 7
95,0*26
80.108
19,869
S
io
u
x
C.
A
N
o
r
16.440
M
a
y
...........
E v a n s v . <fc T. H . ith w k J ’n e ! 3 0 ,1 0 9
5 7 4 ,1 1 5
481.26*
2 4 .6 7 9
9,354;
8,253
1.546
1,860
F itc h b u r g ........... M a y ............ 61*5, “28 6 0 8 ,8 5 3 2 ,-2 7 ,9 4 9 2,631,922 So. H a v e n A E a s l M ay
F li n t A P . M arq 4 t h w k J ’ne
7 4 ,5 3 ! 6 9 .3 9 5 1,423.714! 1,3 1 8 ,4 )7 So. P a c ltic Co.
1,472,637
1,775,528,
449,861 3 72,638
G a l.H a r.A S.A A p ril____
F la .C e u t.A Pen. | n h w k .I ’n e
7 7 ,7 1 7
4 7 .2 )4 1,513,8x61 1,199,293
335,399
7 6 ,934
4 07.120
L ouia’a. W est. A p ril.........
93,426
F t.W ’th A lJen .C . I th w k .J’n e
6 2 ^ ,3 2 2
492,623
1 9 ,7 2 0
19 ,4 0 9
M o rg an ’HLAI'. A p ril.......... 4 54,604 4 02,040 2,034.242! 1,693,681
140,193
F t . W .A R l o G r I t h w k J ’ne
6,9 77
229,029!
5 ,1 2 6
93 410
103.021
29,602
N
.Y
.
T
.
A
Me*
29
124
A
p
r
il..........
G a d i. A A tt. U . M a y ............
3.513
•56 9 1
3 ,0 5 3
8 -5
515,328
5 24 584
T e x . A N . O rl.. A p ril.......... 128,248 125,902
G e o rg ia R R ....... jd d w k J u n e
697,357
1 9 .5 )7
714,471
20,541
4.183,503
4,942,599
1,023.873
1,176,103
A
tl.
P
r
o
p
’te
s
.o
A
p
ril
___
49
4.762
G e o rg ia A A la ., ith w k J ’n e |
2 2 ,-1 1
587,21*2
18,103
So. P a c . o f Cal. A p ril......... 940,477 793 363 3 586,194 2,964,666
G a. C ar’la A No A i» rll.........
309,709
5 3 ,4 1 0
2 9 2 .4 1 5
59,221
849,979
S o .P a c .o fA riz, A p r il.......... 265,578 205 875 1,18 2,308
G eo. So. A F la . M a y ...........
337.3! 0
7 9 ,7 6 6
3 8 6 ,4 3 3
6 4 .9 6 0
449.137
572,679
S o.P ao.ofN .M A p ril.......... 151,362 116.630
G r. R ap . A In d . 4 th w k J ’n e
8 -7 ,7 0 3
5 5 ,3 4 8
9 7 /,0 7 1
4 7 ,9 5 7
615,039
631,168
164
453
N
o
rth
e
rn
Ry
174,664
A
p
ril..........
C ln .R .& F t.W . ith w k J ’ne
192,47211.8891
12,1771
10.0721
P a c ific sy ste m A p ril.......... 3,266,504 2.562,998 11,976,257 9,569.569
18,531
T r a v e r s e C ity . I th w k J ’nei
1,2721
19,491 [
1,084
T o ta l of a ll./ M ay ............ 4,955,915 3.807,3 j 7 22,971.098 18 609.936
M ue.G . R. A I. 4 th wk J ’n e
51.037
2 ,7 4 4
5 6 ,7 5 5
2 ,3 1 6
415.784 10,146.612 9 .2 4 0 .9 )4
71,541
T o t a U lin e s. 4 th w k .J’nei
6L .929 1,265,206) 1 ,1 4 9 ,7 )9 S o u th e rn R y .. .. 4t.liw k J’ne 490,044
6 31,292
7 32,502
31,455
32,1 5
M
em p h is D iv. 4 th w k J ’nC
G r .T r ’n k S y s t’m 4 th w k I’nel 5 9 7 ,3 9 1
5 9 5 ,6
1 1 ,3 7 9 ,6 1 4 10,428,0
4.006
3,797
1,403
1,321
C h ic .A G r. T r 3 I w k J u n e
77.131
59,9571 1,759,609) 1,365,096 S tonyC l. A C.Mt. A p r il...
9 5 ,820
119,916
4
576
4,594
T
e
x
a
s
C
e
n
t
r
a
l..
2
d
wk
J
u
n
e
D e t.G r.H .A M . i d w k j u u e
1 8 ,0 2 6 |
4 0 2 ,5 2 6
434,081
IS ,247!
3,050,475
3,521.181
123
869
T e x a s A P a c ific . 4 c h w k J n e 1 32,889
G r e a t N o rth ’n —
13,191
17.780
2.08 >
2,739
Ht. P . M. A M J u n e . . . . . 1,4 2 3 ,6 *7j l, 140,54" 7 ,8 5 8 ,7 7 3 6,128,013 T e x .S .V .A N.W, M a y ............
819,059
8i>5.767
39,481
43,096
7 1 6 ,8 7 0 1 669,965 T o i.A O h io C eu t. 4 th w k )’n e
E a s t o f M in n . J u n e . . . . .
1 1 0 ,1 3 )
1 )9 ,5 0 9
4 0 2 ,1 6 6
17,618
438
187
Tol.
P
.
A
W
e
st..
17,675
3d
w
k
J
u
n
e
9
9
3
,7
1
3
961.359
M o n ta n a C en t J u n e . . . . .
157,162! 184,218;
58.5 2 1,026.033 1,039,32 4
59,166
T ot. s y s te m . J u n e .
1 ,6 9 1 ,2 5 3 1 ,4 8 0 ,2 7 ) 9 ,5 7 4 ,3 3 2 7,759,3 >7 T o l.S t. L. A K .C . 4 tk w k J ’u c
8 0 ,3 1 2
57,842 U nion P a c . RR. M ay........... 1,364.994 1,242,709 6,285,133 5 ,4 7 5 ,9
G ’lfB 'riin tA K .C . J u n e . . . . .
J5 .1 1 0 I
10 .1 2 7
74,222 1.751,633 1,522,791 H
77,256
2 1 ,1 1 8
18,224 U u .P .D e n .A G .. 3d\vk J u n e
G o lf A C b le a g o . M a y .. . . . J
2,4481
3 ,8 9 4 j
1 4 .7 3 2
13,912 W ab ash ....... ....... Hli w k j ’ne 334,392 288, 65 6,334.982 5,39 2 ,2 6 2
H oos.T un.A W Ii.l i p f i l . ___ !
4,1 6 9
3,350,
59,019
10,459
17 317
70,931
9 3 0 ,5 1 8
923,546 Waco A N o rth w A p r il.........
H oua. <fcTex.Cen!A p ril___
2 1 5 ,8 3 0 2 2 1 ,140l
828,827
8 01,814
Illin o is C en t r a il | Ju
1206530 ;» 1793 4 5 4 113158238 110701694 W. J e r s e y A xea’e M a y ............ 183,750 194,38-1
98,239
95,572
3 7 ,4 5 3
7 3 ,5 0 9
74,468 W .V .C e n A P itts M a y ...........
I n d . f)*'c.«v
;>niary..
33,5 1 1
84,167
33,053
31,192
83,395
In n . in . ,v
63
3 1 9 ,2 0 8
275,921 W ea tV a .A P itts. M a rc h ........
W .......... . 7 9 ,2 1 6 76 01 ,8
215,565,
45,571
44,438
210,956
,5 1 0 1 ,6 1 8 ,2 8 5 1,546.070 W estern of A la. A p r il..........
In .A G t.N o
i n i t h w k j ’ue
5 2 ,3 3 0
71,600 1,377,332 1,283,636
71,900
W
est.
N.
Y.
A
P
a
.
,4
th
w
k
J
’ne
4
5
,6
3
0
1
,5
2
6
,7
0
0
1,243,900
IIiifeiM C i
5 3 ,7 0 0
‘Vkjuuois
693,5611
35,272
41,182
492,411
b n'
4 0 .0 6 8
8 8 9 .6 3 8
751,415 W heel. A L. E r ie 4 t h w k j ’ne
4 2 .0 6 0
■tli w k J n«l

Railroad Intelligence*

TO

THE CHRONICLE.
L a te s t G ross E a r n in g * .

IV ol. LXVII

j a n 1 to L a te s t D ai*.

-G ro ss R a rn in g a . -W et A a ra m g * .——
1898.
1897.
1898.
1897.
R oads,
$
$
C hic. R. 1*1. A- P a e .u .M a y 1 ,7 0 0 ,6 2 4 1 ,3 2 8 ,0 3 8
5 3 4 ,9 2 7
3 5 1 .0 7 4
$
*
$
A p r. 1 to M ay 31 . . . 3* ,2----------6 3 ,7 4 5 2 ,5 3 3 ,9 7 4
9 9 1 ,2 1 7
6 3 8 ,9 5 0
WU.keah.ifc E a s t A p r il.___ _
3-1,497'
2 7 .4 3 3
WU. CoL A A uk * M a r c h ........
09*270:
9 7 ,7 4 9
8 7 ,3 9 9
56,180!
2 0 5 ,0 9 2
1 8 6 ,3 5 7 O h io ,T e rm . F ra u s t. b.M ay
6<V*08
5 2 ,1 6 8
W isc o n sin O e n t i t h w k j ’n e 133.^-99 1 1 3 ,2 5 5 2 ,3 2 0 ,9 8 1 1 ,9 2 >.587
J u ly 1 to M ay 8 1 . . , . 1 ,0 1 8 ,5 4 0
9 9 4 ,0 2 8
6 7 9 ,7 1 2
6 3 5 ,4 9 6
W riK htav.A T en- M a y . . ........
6 ,7 1 0
5 ,3 7 3 '
3 5 ,7 0 9
3 3 ,1 0 8 O lev.O ln, O. A S t. L . a , M ay 1 ,1 7 3 ,3 0 2 1 ,0 8 ’ ,2 8 9
2 5 7 ,5 6 3
2 4 5 ,5 3 8
Y o rk S o u th e rn M ay . . . . . .
6 .2 3 6
5 ,7 0 0
2 9 ,4 9 9
2 5 ,8 2 6
J a n . l to M ay 3 1 . . . . 5,6(10,037 5 ,3 1 0 ,0 8 7 1,3 6 .0 4 0 1,3 17,006
J u l y 1 to M ay 31 ...1 3 ,1 1 0 .8 7 9 1 1 ,9 9 9 ,* 8 9 3 ,0 7 3 .4 3 2 3 ,0 1 5 ,1 4 3
a T h e se d g u re s In c lu d e re s u lts o n le a s e d Lines. 0 In c lu d e * e a r n in g s
P e o r ia A E a s t ’n .a .M a y
1 6 1 ,5 3 3
1 4 5 .3 4 2
H o rn fe rr ie s , e to ., n o t g iv e n s e p a r a te ly .
c In c lu d e * Dos M o in es A
3 6 809
2 0 ,4 7 0
J a n , 1 to M ay 3 1 . . . .
“7 6 8 .8 0 0
K a n s a s O itv fo r a ll p e rio d s ,
d I m l a d e e o p e r a tio n s o f th e Oulo. B u r­
6 6 8 ,3 4 2
2 0 4 ,9 2 4
13 0 ,1 4 9
___
J
u
l
y
1
to
M
ay
3
1
lin g to n & N o rth e rn In b o tn y e a rs .
e In c lu d e s r e s u lts o n A. T . * 8.
1 ,7 2 1 ,0 9 8 1 ,5 0 1 ,7 1 8
4 4 8 .3 0 1
3 1 0 ,0 2 3
Fe. G o lf Ool. A 1. Fe, 8. F« P a c ific o ld A tla n tic A P ao ltlo i a n d 8o. D en. A R G ra n d e . b .M a y
65 8 ,2 4 7
5 5 8 .0 4 9
2 5 9 ,2 8 0
2 3 4 ,0 7 1
O al. R y.
f la o lu d e s th e P ao itio s j's tc m , th e A tla n tic p r o p e r ti e s a n d
J a n . 1 to M a r 3 1 . . . . 3 ,1 5 5 ,7 3 3 2 ,6 5 8 ,8 3 9 1 ,2 4 9 ,7 3 3 1 ,0 5 5 ,9 0 0
th e H o u s to n * T exas C e n tra l s y ste m ,
J u ly 1 to M ay 3 1 ___ 7 ,8 3 1 ,2 0 2 6 ,3 2 8 ,2 9 9 3 ,0 3 6 ,3 7 9 2 ,5 9 2 .3 7 0 !
t In c lu d e s C h e sa p e a k e A O h io g o 'v v e ste ru , O h io V a lle y a n d O h to a g o
D e tro it A M a c k 'o .a .M ay
5 1 ,7 4 7
4 2 ,1 8 0
2 4 ,5 7 9
4 ,3 8 3
a n d T e x a s fo r 1 8 9 s b u t n o t fo r 1 8 9 7
J a n . 1 to M ay 31
2 3 2 .0 1 4
2 1 3 ,8 * 0
1 0 5 ,6 2 5
6 1 ,3 4 9
i M e x ic a n o u rre n o y .
J u ly l to M ay 3 1 ___
4 3 1 .9 5 7
3 5 6 ,2 5 0
15 2 ,0 3 1
8 6 ,8 4 5
S O o v ers r e s u lts o f lin e s d tr e o tly o p e r a te d e a s t o f P itts b u r g .
F t. W. A D e n . C ity b .M a y
1 0 9 ,8 5 0
8 7 .8 1 9
3 8 ,9 9 7
8 ,0 1 8
J a n . 1 to M ay 3 1 ___
5 1 2 ,6 3 0
4 0 9 ,6 1 9
1 8 5 ,1 2 8
7 1 ,1 2 5
Latest dross Earnings by W eeks—The latest weekly earn ­
G e o rg ia A A la b ’a . a . M ay
9
3
,7
6
0
7
9
.2
6
2
2
0
,0
5
1
1
7
,4 4 2
ings in the foregoing are separately summed up as follows:
J a n . 1 to M ay 3 1 ___
5 0 5 ,4 0 3
4 2 0 ,5 1 0
1 1 9 ,1 7 1
9 1 ,6 7 0
J u ly 1 to M ay 3 1 ___ 1,1.38)386
9 4 5 ,7 0 3
For the fourth week of June our preliminary statement
3 3 2 .2 9 4
2 7 1 ,4 7 7
a y 2 ,2 3 5 ,6 5 8 1 ,8 3 1 ,4 9 8
7 0 0 ,7 3 7
5 2 6 ,2 2 9
oovers 69 roads and shows 8'89 per cent increase in the IllinJoaisn C. l e ntot r aMl .aay. 8.M
1 . . . . 1 1 ,0 9 2 ,9 3 5 8_________
,9 0 8 .2 1 0 3 ,4 4 5 ,3 2 0 2 ,7 3 5 ,5 3 1
J u l y l to M ay 3 1 ....2 5 ,1 3 0 ,2 3 6 2 0 ,3 1 7 ,4 8 3 8 .0 6 5 ,6 0 * 0 ,1 5 5 ,1 7 8
aggregate over the same week last year.
K a n a w h a A M ich b .M a y
4 9 ,1 2 6
4 4 ,6 4 6
1 5 ,618
1 2 ,1 5 3
J a n . 1 to M ay 3 1 . , . .
2 2 0 ,6 0 6
2 0 1 ,4 8 2
5 3 ,8 3 6
4 2 ,6 3 3
4th tceek o f J u n e .
1898.
1897.
In e re a te . D eereasc.
J u ly 1 to M ay 31 . . .
5 1 2 ,0 7 8
4 3 9 ,4 2 6
1 4 1 ,2 6 8
1 0 6 ,6 8 2
L
aolefle
G
as-L
.
C
o
..J
u
n
e
$
s
5 8 ,4 1 3
5 2 ,2 0 2
*
9
J a n . 1 to J u n e 3 0 ___
A la b a m a G t. S o u th e r n ...
4 5 0 ,9 9 7
4 0 1 ,2 4 0
3 7 .8 3 3
4 0 ,1 4 3
2 ,3 1 0
A tla n tic A D a n v ille .........
8 ,1 8 3
7,831
352
H e x . I n te r n a tio n a l..M a y
2 7 0 ,5 0 5
2 4 0 ,8 6 4
10 4 ,8 0 7
8 3 ,0 3 6
B a n . A O h io 8o u th v re B t..
1 4 9 ,8 2 4
1 7 .284
1 6 7 ,1 0 8
J a n , 1 to M ay 3 1 ___ 1 ,3 9 4 ,0 4 3 1 ,3 0 5 ,9 3 7
5 2 6 ,4 9 3
5 0 0 ,8 0 7
Buff. R ock. A P it ts ...........
9 5 ,7 7 5
7 7 ,5 2 8
1 8 ,2 4 7
M ex ic a n N a ilo n a l ..M a y
5 0 6 ,6 4 9
5 0 6 ,2 1 1
■229,161
2 5 0 ,4 1 1
9 5 ,4 6 1
112,168
1 0 7 ,6 3 2
___
J
a
n
.
1
to
M
ay
3
1
2
,5
2
9
,9
2
1
2
,5
1
9
,3
7
5
*
1
,1
4
6
,0
4
8
*1,2
17,477
C a n a d ia n P a o lflo ___ . . . .
668.000
66,000
6 0 2 ,0 0 0
M inn.8t,F .A S .S te .M .M a y
3 3 6 ,5 1 4
3 0 4 ,2 3 4
1 5 1 ,0 9 4
1 0 5 ,8 6 0
1 0 7 ,3 8 3
98,9 1 7
8 ,4 6 6
.
J
a
n
.
1
to
M
ay
3
1
___
1 ,5 0 8 ,9 2 9 1 ,2 8 0 ,5 6 3
C h e s a p e a k e A O h io ___
6 6 3 ,7 8 3
3 2 8 ,7 6 1
4 4 9 ,4 7 9
6 4 ,4 3 3
2 0 4 .2 7 8
J u l y 1 to M ay 3 1 ___ 3 ,8 1 5 ,2 4 1 3 ,2 8 5 ,7 0 0 1 ,7 6 5 ,4 6 6 1 ,3 1 5 ,2 6 5
O bioaeo A E a s t. Illin o is
7 6,16.)
6 7 ,9 8 0
8 ,1 8 9
C hic. G r e a t W e s te rn ........
1 2 8 .671
1 1 4 ,7 1 0
1 3 ,8 6 1
M o n terey A M ex .G ’f. A pr.
1 2 1 ,9 3 3
1 0 5 ,8 5 3
4 0 ,6 9 9
4 6 ,9 9 6
O h io .In d la n a p .A L o u lsv .
79.74»
8 7 ,0 6 9
7 ,3 2 5
J a n . 1 to A pr. 30 . . .
462 340
5 2 5 ,3 3 8
2 2 6 ,4 8 8
2 2 4 ,3 9 9
C h ic ag o M ilw . A 8t. P a u l
8 4 7 ,6 9 3
8 5 8 ,5 6 9
1 0 ,876 N o rfo lk & W est’n . a . . M ay
9 1 8 ,9 8 9
8 9 7 ,7 7 1
2 0 9 .3 3 2
2 '0 ,5 8 0
C hloago A W e st M iohtgai
3 9 ,6 9 5
3 6 ,3 7 9
3 ,3 1 6
J a n . 1 to M ay 3 1 ___ 4 ,6 3 9 ,1 9 5 4 ,2 7 7 ,8 0 0 1 ,2 6 1 ,6 6 6 1, 6 6 ,9 9 2
O lev. L o ra in A W heel's; .
3 8 ,1 1 0
4 4 ,8 4 5
6,735
J u l y l to M ay 3 1 . . . . 1 0 ,4 1 1 ,3 5 1 9 ,6 9 5 ,4 2 2 3 ,1 4 6 ,0 5 4 2 ,4 3 2 ,3 3 0
CoL S a n d u s k y A H o c k ’g .
2 3 ,8 4 4
4,801
1 9 .0 4 3
N o r th e a s te r n of G a .. A pr.
3 ,9 8 0
3 ,5 6 5
D e n v e r A R io G r a n d e ...
d e l. 6 6 3
1 ,0 3 3
2 (9 ,8 0 0
182,5,0
3 7 ,3 0 0
J a u . 1 to A p r. 3 0 ___
2 4 ,6 3 0
1 9 ,9 7 1
D e t. G d. R a p id s A W est.
56 2
4,9 8 8
28 ,7 3 7
2 7 ,2 6 i
1.4 7 3
J u l y l t o A p r. 3 0 ___
6 4 ,4 8 2
D u lu th 8o. S h o re <fc A ti
5 7 ,0 9 4
1 9 ,7 5 3
1 7 ,1 0 5
4 4 ,7 4 1
7,8 2 7
5 2 ,5 6 8
K v a n ev . A In d ia n a p o lis .
6 ,5 5 6
7,4 3 7
- - -r. - 881 O re g o n R R . A N a v ....M a y
5 8 0 ,7 1 0
3 7 9 ,1 7 2
2 1 6 ,6 3 6
1 3 7 ,6 9 2
E v a n sv . A T e rre H a u te ..
24.6711
3 0 .1 0 9
5 ,4 3 0
J a n . 1 to M ay 3 1 . . . . 2 ,7 0 3 ,2 0 3 1 ,5 5 8 ,8 5 0
9 2 3 ,7 2 2
4 8 9 ,5 1 8
.
F l i n t A P e re M a r q u e tte ..
7 4 ,5 3 6
5, t 4 l
6 9 ,3 9 5
J u l y 1 t o M ay 3 1 ___ 6 ,3 4 5 ,5 8 5 4 ,2 7 2 ,4 0 2 2 ,7 5 4 ,6 2 0 1 ,7 9 3 ,0 8 4
F la . C en t. A P e n in s u la r .
4 7 ,2 4 4
7 7 ,7 1 7
3 0 ,4 7 3
O re g o n S h o r t L iu e .a .M a y
5 5 4 ,3 1 2
4 9 3 ,8 4 2
2 7 3 ,8 9 5
2 6 6 ,1 1 9
F t.W o rth A D e n v e r C ity .
1 9 ,7 2 0
1 9 ,4 0 9
311
J a n . 1 to M ay 3 L . .. . 2 ,4 5 2 ,1 5 0 2 ,1 1 9 ,5 2 6 1 ,1 0 2 ,2 9 9
9 0 9 ,2 9 8
F t. W o rth A R io G r a n d e .
6,9 7 7
5 ,1 2 6
1 ,8 5 .
J
u
l
y
l
t
o
M
ay
3
1
___
5
,1
3
9
,7
6
8
5
,7
1
5
,7
5
5
2
,4
0
8
,7
0
3
1
,9
3 3 ,3 5 9
4,708
G e o rg ia A A la b a m a ------2 2 ,8 1 1
1 8 ,1 0 3
P h ila-W ilin . A B a lt, b M ay
8 0 1 ,6 5 8
2 2 4 ,4 8 7
8 6 3 ,5 5 8
G ra n d R a p id s A I n d ia n *
2 0 4 ,2 8 7
4 7 .9 5
5 5 ,3 1 8
7,391
___
J
a
n
.
1
to
M
av
3
1
3
,7
4
4
,4
6
6
3 ,5 2 3 ,6 6 6
C in c in n a ti R . A F t . W .
1 2 ,1 7 7
1 0 ,0 7 2
2 ,1 0 5
7 6 1 ,3 5 9
7 3 8 ,0 5 9
N ov. 1 to M ay 3 1 . . . 5 ,2 4 3 ,4 2 8 4 ,8 7 1 ,7 2 8 1 ,1 5 7 ,9 5 8 1 ,0 7 7 ,5 5 8
1,2 7 2
1,0 8 4
188
M n sk . G r. R a p . A I n d
2 ,7 4 4
72 S lo G ra n d e W e s t.b ..M a y
2 ,8 1 b
2 8 7 ,6 9 1
1 1 6 ,6 9 6
8 2 ,0 9 4
2 0 1 ,4 4 4
G r a n d T r a n k ................... >
J a n . 1 t o M ay 3 1 . . . . 1 ,2 5 8 ,9 1 6
9 1 8 .4 6 6
3 0 3 ,8 2 9
4 8 2 ,5 3 0
i i i f ___
C hic. A G ra n d T r u n k >
5 9 7 ,3 9 1
5 9 5 ,6 5 5
1 ,7 3 6
J u l y 1 t o M ay 3 1 . . . . 3 ,0 5 7 ,1 7 6 2 ,2 1 2 ,9 7 6 1 ,1 7 5 ,8 7 4
74 9 ,2 6 8
D e t, G d. H . A M ..........)
F e P re s . A P h . A p r.
6 6 ,6 5 9
6 2 ,6 2 4
3 6 .0 9 0
3 3 ,8 2 1
I n te r n a tio n a l A G t. N o ..
5 2 ,3 3 0
6 1 ,5 1 0
9 ,1 8 0 S a n ta
J a n , 1 to A p r. * 0 . . .
2 5 0 ,5 2 3
1 34 939
2 1 8 ,9 3 1
1 0 7 ,1 4 1
4 2 .0 6 0
4 0 ,0 6 8
1 ,9 9 2
J
u
l
y
1
to
A
p
r.
3
0
.
.
.
6
1
4
,6
*
0
5
2
5
,1
6
2
3
3
7
,1
2
5
2
6 1 ,2 0 5
K a n a w h a A M ic h ig a n ___
3 ,4 4 4
1 5 ,2 0 7
1 1 ,7 6 s
S o u th e rn P a c ific ..lb .M a y 4 ,9 5 5 ,9 1 5 3 ,8 0 7 ,3 0 7 l , 8i 0 .2 4 9 1 ,1 9 5 ,9 2 9
K a n s a s C ity A O m a h a . . .
2 .9 7 0
1 ,1 1 1
4.081
J a n . 1 to M ay 3 1 ....2 2 ,9 7 1 ,0 9 8 1 8 ,6 0 9 ,9 3 6 7 ,9 9 6 ,1 6 6 5 ,6 4 1 ,7 5 0
4 6 ,9 5 1
K a n . C ity P itts b . A G u ll
3 ,237
7 8 ,1 8 8
—
J u ly 1 to M ay 3 1 ....5 1 ,4 4 1 ,6 1 4 4 5 ,1 0 2 ,6 2 3 2 0 ,0 1 2 ,0 9 1 1 6 ,0 3 0 ,8 6 0
K a n . C ity 8u b B e l t ........
7.90.3
2 ,8 4 2
10,745
L a k e E r ie A W e s te rn ...
8 9 ,0 8 9
7 2 ,1 3 2
1 6 ,9 5 7 S o u th e rn R a ilw a y —
L o n l s v . E v a n s v . A 8t . L .
2 9 ,0 7 2
3 4 ,2 7 4
5,2 0 2
M em p h is D lv ..b .M a y
1 2 5 ,2 3 3
2 0 ,9 3 9
2 7 ,4 9 5
1 1 0 ,7 8 7
L o u lsv . f ie n d . A S t. L . . .
1 1 ,8 4 8
11,3 6 7
481
J a n . 1 to M ay 3 1 . . - .
6S S .164
9 1 .8 8 2
1 5 9 ,‘. 3 2
5 2 4 ,8 4 3
L o u isv ille A N a s h v ill e ...
6 0 2 ,0 7 0
5 D .5 9 6
85,4 7 4
J u ly 1 to M ay 3 1 ----- 1 ,4 5 2 ,0 1 2 1 ,2 5 4 .1 5 3
3 1 3 .9 0 2
3 8 3 ,4 5 8
3 0 9 ,4 1 8
2 9 8 ,9 1 0
1 0 ,5 0 8
3 ,4 7 4
T e x a s c e n t r a l - a ____A pr.
1 6 ,9 7 7
1 9 ,0 6 1
1,262
M e x ic a n N a tio n a l.............
1 5 1 ,3 7 7
^121)061
3 0 ,3 1 6
J a n . l t o A p r. 3 0 . . . .
2 1 ,8 0 2
7 0 ,9 0 1
9 2 ,5 4 6
6 ,0 1 3
M in n e a p o lis & S t. b o n is .
6 0 ,2 1 5
5 2 ,0 0 9
8 ,2 0 6
T
o
led
o
A
O
hio
C
e
n
.b
.M
a
y
1
6
7
.6
6
9
1
4
2
.3
1
9
M in n . 8 t. P . A 8. S te . M „.
9 7 ,1 8 4
9,1 8 7
5 2 ,1 2 6
8 7 ,9 9 7
3 4 ,2 5 8
J a n . 1 to M ay 3 1 ----2 0 3 ,8 7 3
7 1 6 ,3 )7
6 7 3 ,8 8 1
2 0 4 ,1 6 8
1 9 8 ,8 9 5
5.2 7 3
1 8 9 .9 0 3
J u ly l t o M ay 3 1 . . . . 1 ,6 2 2 ,7 4 6 1 ,5 9 8 ,7 7 0
6 6 7 ,0 0 0
4 8 3 ,0 0 1
M o, P ao lflo A Ir o n M t___
5 6 8 .0 0 0
9 9 .0 0 0
4 2 1 ,2 8 2
4 2 .0 0 0
27,001
1 5 .0 0 0
U nion P a o . R y .b . .. .M a y 1 ,3 6 4 ,9 9 4 1 ,2 4 2 ,7 0 9
3 5 5 ,7 9 3
5 8 9 ,7 4 4
V . Y . O n ta rio A W e s te rn
1 0 5 ,9 1 2
9 ,8 6 4
1 1 5 ,7 7 b
J a n . 1 to M ay 3 1 ___ 6 ,2 8 5 ,1 3 3 5 ,4 7 5 ,9 0 0 2 ,5 1 3 ,4 2 4 1 ,5 9 0 ,8 9 8
N o rfo lk A W e s te rn ............
1 8 8 ,5 7 9
1 8 7 ,6 8 7
8 92
2
7
8
.7
1
2
U
n,
P
.
D.
A
G
u
lf_
b
..M
a
y
7
3
,2
7
1
6 2 ,3 6 2
2
9
1
,7
2
8
5 3 7 ,877
5 2 0 ,7 8 7
1 7 ,0 9 0
J a n . 1 t o M ay 3 1 ___ 1 ,5 3 3 ,7 3 7 1 ,3 1 3 ,6 0 7
5 0 6 ,1 2 8
3 7 1 ,4 0 9
32
O hio R iv e r ...........................
1 7 ,7 0 2
1 7 ,6 7 0
_mmr ffee t.N .Y . A P e n n . b . .M ay
5 1 ,0 7 0
2 3 2 ,4 2 8
O regon KB. A N a v ............
2 2 2 ,5 6 3
1 2 8 .9 * 4
1 0 4 .0 8 3
22,841
5 4 ,9 0 8
J a n . 1 to M ay 3 1 ___ 1 ,1 4 8 ,9 3 2 1 ,0 5 5 ,3 6 4
2 8 4 ,1 5 6
P e o r ia Deo. A E v a n s v .. .
1 9 ,2 * 8
2 2 7 ,8 3 9
1 9 ,2 8 6
28
J u l y l t o M ay 3 1 ___ 2 ,9 9 5 ,7 5 7 2 ,7 2 6 ,5 0 2 1 ,0 2 1 ,8 8 1
8 0 0 ,0 4 1
P ltta b n r g A W este rn ____
1 0 8 ,7 3 6
1 4 ,4 6 8
9 4 ,2 6 8
____
• 11,265
879
B io G ra n d e S o u th e r n ___
1 0 ,3 8 6
1 4 ,0 6 o
a N e t e a r n in g s h e r e g iv e n a r e a f t e r d e d u c tin g ta x c e .
8t. J o s e p h A G d. Is la n d 1 7 ,6 8 2
3 ,6 2 2
1 4 6 ,0 3 7
b N e t e a r n in g s h e re g iv e n a r e b e fo re d e d u c tin g ta x e s .
Bt. L o u is & S an F r a n . . . .
1 6 4 ,7 5 7
1 8 ,7 2 0
* D e d u o ttn g o th e r e x p e n d itu r e s fo r r e p a ir s , re p la c e m e n ts a n d g e n e r a l
9 3 ,5 0 0
2 0 ,9 0 0
Bt. b o n is S o u th w e s te r n ..
1 1 4 ,4 0 0
S o u th e rn R a i i ^ a v , . . . . ..
4 9 0 ,0 4 4
4 1 5 ,7 8 4
7 4 ,2 6 0
e x p e n s e s , n e t In c o m e a p p lic a b le to i n t e r e s t on b o n d s in M ay w a s
$93 ,3 3 2 , a g a in s t $ 1 2 9 ,3 8 7 l a s t y e a r , a n d f o r J a n u a r y 1 to M a y 31
M em p h is D iv is io n ....,
3 2 ,1 7 5
720
3 1 ,4 5 5
9 .0 2 0
$ 4 5 9 ,1 7 4 , a g a i n s t $ 6 6 7 ,6 7 0 . T h is i s th e r e s u l t in M e tio a n d o lla rs
1 3 2 ,8 8 9
1 2 3 ,8 6 9
tr e a te d (a c c o rd in g to th e c o m p a n y ’s m e th o d o f k e e p in g i t s a o o o tm ts)
T o led o A O h io C e n t r a l..
4 3)096
3 ,0 1 5
3 9 ,4 8 1
5
9
,1
6
6
5
8
,5
0
2
664
as e q u iv a le n t t o 8 0 c e n t s i n U n ite d S ta te s m o n e y —t h a t is , d e p re c i­
T o led o 8t. L. A K an .C ity .
3 3 4 .3 9 2
4 6 ,1 2 7
a tio n b e y o n d 20 p e r o e n t h a s a lr e a d y b e e n a llo w e d fo r.
2 8 8 ,2o5
7
1
,9
0
0
W e s te rn N. V . A P e n n . ..
7 1 ,6 0 0
300
Interest Charges and Surplus.—The following roads, in
5 ,9 1 0
3 5 ,2 7 2
W h ee lin g A L a k e E r i e .. .
4 1 ,1 * 2
W isc o n sin C e n tr a l........ .
1 1 3 ,2 5 5
2 0 ,6 4 4
1 3 3 ,8 9 9
addition to their gross and net earnings given in the fore­
R o a d *.

Week o r Mo

1898.

)

1897.

J

18 9 8 .

18 9 7.

I

T i.ta l (69 r o a d s ) . . . . . . . .
N e t In c re a s e (8*89 p. o.)..

9 ,1 2 7 ,3 5 9

8 ,3 8 1 ,9 3 3

8 5 1 .3 4 1
7 4 5 ,3 7 6

1 0 5,965

For the month of June 93 roads (all that have furnished
itatements for the full month as yet) show aggregate results
as follows:
M onth o f J u n e .

18 9 8 .

1897.

$
$
S r o a s e a r n in g s (93 ro a d s ) 3 8 ,9 7 8 ,7 2 2 3 6 ,6 7 3 ,0 8 5

Increase.
2 ,3 o l,6 3 7

P er Oent.
6-29

going, also report oharges for interest, &<)., with the surplus
or defloit above or below those oharges.

i* ve»nl ta ls , cfe.----. - B a l. o f R e t
- l n'•*11
l.. R
18 9 8 .
1897.
1898.
R oad!.
$
S
Chic. R . Is l. A P a o -.M a y
3 2 2 ,8 5 1
3 4 2 ,5 0 0
2 1 2 ,0 7 6
A p r. 1 to M ay 3 1 ___
6 8 5 ,0 0 1
3 4 5 ,5 3 4
6 1 5 ,7 0 3
7 ,4 6 0
Ohio. T e rm . T r a u s f. ..M a y
5 3 ,1 4 8
J u ly 1 to M ay 3 1 ___
5 8 2 ,4 9 2
9 7 ,2 2 0
O lev.G in.O h. A 8t . b .M a y
1 7 ,0 4 2
2 4 0 ,5 2 6
2 4 6 ,4 7 5
J u ly 1 to M a y 3 1 . . . . 2 ,6 5 0 ,0 8 4 2 ,6 3 4 ,8 0 ?
4 1 7 ,3 4 8
P e o r ia A E a s t e r n . .M a y
3 6 ,8 0 2
7
3 6 ,8 0 2
J u l y 1 to M ay 31 . . .
4 0 4 ,3 1 8
4 3 ,4 8 3
4 0 4 ,8 1 8
D e n v e r A R io G r'd e .M a y
3 4 ,4 9 1
2 2 4 ,7 8 9
2 0 1 ,0 8 8
J u ly l t o M ay 31 . . . 2 ,2 5 1 ,6 1 4 2 ,1 6 4 ,4 6 5
7 8 4 ,7 6 5
K a n a w h a & M to h — M ay
1 1 ,455
4 ,1 6 3
1 0 ,0 3 0
J u l y 1 to M ay 3 1 ----1 2 7 ,1 9 5
1 4 ,0 7 3
1 1 2 ,5 2 5
4 0 ,0 3 3
T o led o A O. C e n t— M ay
1 2 ,459
4 2 ,1 6 9
J u l y 1 to M ay 3 1 ----4 3 0 ,0 4 5
6 2 ,879
4 2 7 ,1 4 6

S a r n ’g s .1897.

8

1 1 ,5 7 4
d e f.4 -i,0 5 1
d e f.9 3 7
3 8 0 ,8 4 0
d e f.1 6 ,3 3 2
d e f.9 4 ,7 9 5
3 3 ,0 0 3
4 2 7 ,9 0 5
2,1 2 3
d o f 5 ,8 4 3
d e f.7 ,5 3 4
2 ,1 3 7

It will be seen that there is a gain on the roads reporting in
the amount of $2,305,637, or G'29 per cent.
Net Earnings Monthly to Latest Dates.—The table follow­
ing shows the gross and net earnings of S team railroads
reported this week. A full detailed statem ent, including all
roads from which monthly returns can be obtained, is given
STREET RAILWAYS AND TRACT10V COEPANIES.
onoe a month in these oolumns, and the latest statement of
The following table shows the gross earnings for the latest
this bind will be found in the CHHOSiciL.it of June 18, 1898
period of all s t r e e t railways from which we are able to obThe next will appear in the iBsue of July 23, 1898.

J lly 9.

THE CHRONICLE.

* a. i

'iain weekly or monthly returns. The arrangement of the
table is the same as that for the steam roads—that is, the
first two oolamns of figures give the gross earnings for the
latest week or month, and the last two columns the earnings
for the calendar year from January 1 to and including suob
latest week or month.
3 T R E E T R A IL W A Y S A N D T R A C T IO N C O M P A N IE S .
G r o ss
E a r n in g s .

L a test Gross E a r n in g s .
W eek o r Mo

1 8 9 8 . | 18 9 7 .

J a n . 1 to L a te st Date
18 9 8 .

1897.

7.9501 9 ,4 7 8
31,3 9 1
A k ro n B e d f d fit C lev M a y ............
32,897
3,6 0 4
3,9 0 4
15,7 2 4
A p r il..........
A m s te rd a m S t. R y .
14,061
3 5 ,1 7 1
9,291
A tl a n t a R a ilw a y . . . . !M ay ............
8,4 8 5
32.083
8 8 8 .788
B a ltim o re C on. R y.*... M ay .......... 211,141 2 0 7 ,7 4 8
868.144
1 ,9 3 .C 1,7 2 1
7,541
B a th 8t. R y. (M aine). M a y ............
7,013
6,331 i 6,6 4 7
3 1 ,1 6 6
B a y C itie s C o n so l___ M ay............
31.084
56,951
B in g h a m to n S t. R y .. M ay ............ 12,335 1 2 ,0 6 5
5 ^ ,5 6 7
2 5 ,9 0 0 2 4 ,4 2 9 1 0 0 .3 1 2
B rid g e p o rt T r a o tio n . A p ril . . .
91,564
B ro c k to n C on. S t. R y. M a y ............ 2 0 .8 4 2 26 .7 S 4 1 2 4 ,4 0 6 1 2 1 ,409
B ro o k ly n E l e v a te d t. A p r il.......... 1127,835 U 50,8d0 t5 5 3 ,6 0 0 t5 8 L,951
B r’k ly n R ap . T r. Co.—
B ro o k ly n H e ig h ts )
B ’k ly n Q ’n s & S u b . ( J u n e .......... 5 8 0 ,0 4 0 4 9 5 ,0 0 7 2 ,8 6 7 ,3 5 5 2 .5 3 1 ,0 5 5
6 7 ,9 6 4
C h a rle sto n C ity R y . M a y ........ . 1 5 ,8 6 2 ..............
O ln . & M iam i V a l.. . J u n e ......... 11.29*
7 9 ,9 0 2 6 8 ,0 3 1 3 1 5 ,3 9 o . 283,626
C itiz e n s ' S t.R y .J n d p . A p r i l ___
5 ,3 2 7
5,671
2 6 ,7 4 *
C ltlz n s’(M u n o ie In d .) M a y ............
*2,872
2,1 8 7 J 2 ,3 5 3
8,5 2 2
C ity E lec . (R om e.G a.) M a y ............
8,302
1
4
3
,6
5
3
1
3
9
,3
0
0
6
9 0 ,5 7 3 6 4 0 ,030
C le v e la n d E le o tr io ...
a y ------8 ,5 5 6
7,5 6 2
3 2 ,3 3 0
C love. P a in s v . fit E .
M a y ............
28,110
C o ln m b u s S t. Ry. (O.) M a y ........... 6 3 ,3 4 6 4 8 ,3 9 0 2 6 7 .8 8 7
231,682
C oneoll’d T ra o . (N. J .) A p r i l ........ 252,29* 2 3 8 ,8 1 3 9 6 5 ,2 4 5
883,540
D a n v. G a s E L L ig h t fit
3 6 ,9 8 4
8 ,3 3 0
8,519
8tr e e t R y . . . .............. A p r i l . . . . . .
34,833
D e n v e r C on. T r a m w .. M a y ........... 6 4 ,5 h8 6 2 .2 4 2 2 8 2 .8 6 4
2 7 ,563
D e tro it C iti’n s ’ 8t.R y J u n e .......... 10 3 ,^ 12 9 5 ,6 2 7 5 5 3 ,9 6 9 5 1 0 .222
D e tro it E le c . R y ......... M ay ............ 3 1 .5 7 9 3 4 ,1 1 1 6 1 , ->64 166,098
7 9 ,8 2 0
D u ln th S t. R y .............. M a y ........... 1 6 ,6 0 0 15,832
74,320
9 ,1 1 6
2 1 ,0 8 9
E rie Eleo. M o to r Co . F e b ru a ry .. 10,1 0 3
19,374
-Ft. W a y n e A B elle
1 5 ,3 6 4 1 3 ,2 0 2
I s la n d ( D e tr o it) ___ M ay . ..
7 2 ,5 3 7
66,343
15,668 14,5 5 9
G a lv e s to n C ity R y ... M arc h .
2 1 ,5 4 6 1 8 ,8 5 1
H a r r is b u r g T ra c tio n M a y ___
9 4)462
82*087
H e rk im e r M o h aw k II
13,211
3.51*1
Ion A K 'k fn rt El. Ry. A p ril..........
3 ,5 7 0
14,189
7 1 ,7 0 7
H o u s to n E leo . S t. R y. M a y ............ 16,658 1 7 ,2 3 1
7 4 ,i7 0
I n t e r s t a t e C onsol, ol
9,5 2 3
27,801
N o rth A ttle b o ro ___ M a rc h ........| 10,297
26,843
4,847
5 ,3 3 5
K in g s to n C ity R y ___ M a y ............
20.6391
20,082
7,357
8 ,6 7 3 |
L e h ig h T ra c tio n ........ M a y ............
40,424
37,7951
7 ,7 1 4
7 ,8 9 4
37,6241
L o n d o n St. R y. (Can.) M a y ............
33,952
3 6 ,8 6 5
L o w e ll L aw . A H a v .. M a y ............ 3 6 .9 2
1 5 6 .9 4 4 151,316
M etro p . (K a n sa e C ityi ith w k J ’n e 4 9 ,5 8 4 4 5 ,6 0 3 949,775! 849,405
, 103, .9 8
M etro . W. 81de (Chlo.l M ay .
5 1 4 ,5 9 9
M o n tg o m e ry S t. B y .. M ay.
2 2 ,7 3 8 j
a,*00 **5,478
21,582
133,165 1 3 0 ,6 7 7 4 9 4 ,9 5 1
639,092
M o n tre a l S tr e e t R y ... J u n e
N a ss a u Eleo. (B ’klyn) J u n e .......... 2 1 6 ,3 2 5 191,6151 9 8 9 ,2 0 7 8 4 0 ,4o3
6.98« ,
N e w b u r g S t. R y .......... M a y ............ | 6,6 9 9
2 6 ,9 8 0
2 5 ,74c
3,734!
N e w L o n d o n S t. R y .. M a y ............
14,670
15,045
N ew O rle a n s T ra c tio n M ay ............ 127/291 121.4 >9 5 6 3 ,7 3 2
513,086
N o rfo lk S t. R y ............. M a y ............ I 1 4 ,8 * 2 13,104,
54,605
6 0 ,8 7 9
N o rth Ohio. S t. R y . .. J u n e .......... 2 5 3 ,5 7 2 3 * ,7 7 9 '1 ,4 0 7,94* 1,326,156
5 0 3.3^6
N o rth S h o re T ra c tio n M a y ............ 1 1 8 .0 5 6 119,810 5 1 2 .7 9 3
O g d e n sb u rg S t. R y ... M ay ............
5,707
1,547
1,6 .9
6 .0 0 5
127,452
P a te r s o n R y ................. M ay ............ 31,58*1 32 ,2 1
1 3 8 .9 4 4
R lo h m o n d T r a c tio n .. M a y ............ 19,174 1 3 ,1 3 3
43,780
58,40-*
34,381
8,8 9 2
R o x b ’h C h .H .A N o r’n M a y ............
24,997
7 ,4 4 3
5 ,d in
S c h u y lk ill V al. T rac. M a y ............
20,031
5,0 9 b
2 2 ,2 3 *
13 ,7 4 4
3 ,1 8 0
S c ra n to n A C a rb o n d ’e M a y ............
2 ,808
2 3 ,1 1 0
4,8 2 2
S c ra n to n A P it ts to n M a y ............
S o ra n to n R a ilw a y __ M a y .......... 30,667 2 9 ,9 b l
1 4 7 ,1 5 3
134,301
130,737
B yraouse R ap . T r. Ry. A p ril.......... 3 Q .6 < 3 4 ,5 8 1 1 4 5 ,2 0 6
T o ro n to R y ................. J u n e .......... 93,70.1 9 2 ,0 1 0
472.386
5 3 4 ,3 8 3
7
0 9 ,092
T w in C ity R a p . T r a n . M a y ............ 1 8 0 ,306 L59.780! 8 3 3 ,5 2 9
U n io n (N. B ed fo rd )
M a y ............ 15,545 18,159
83,881
7 1 .4 8 5
5 9 6 ,7 9 5
U n ite d T ra c t. (P itts .) M a y ............ 133 533
U n ite d T r a c t. ( P r o v .; M a y ............ ' 1 4 3 ,5 7 1 1 4 7 ,2 0 6 6 o 8 ,8 1 0 6 6 0 ,014
47.532
U n it. T ra c . (R ead in g ) A p r il.......... 14,029 1 3 ,2 0 0
5 0 ,7 8 1
19,437
19,157
4,8 8 0
4,861
W akefield A S to n e .... M a y ............
94 .958
1 0 6 .0 5 6
W a te rb u ry T ra o tio n . M a y ............ 21 ,9 8 5 2 2 ,4 1 3
W est C hio ag o S t. Ry Wk J u l y 3 83,091 8 1 ,4 9 - ,9 2 2 ,5 0 1 1,859, ‘f f
30.532
12.444
3 9 ,2 7 6
W heeling R a ilw a y ... M a rc h ........ 12,45
188,668
W llkesb. A Wy. V alley M a y ............ 4 2 .4 2 2 41,3 0 1
1 9 4 ,747
* In c lu d e s B a ltim o re T r a c tio n a n d O lty & S u b u r b a n f o r b o th y e ars.
♦T ro lle y o a rs c o m m e n ce d r u n n in g o n B ro o k ly n B rid g e F e b ru a ry 10,
1 8 9 8 , w h lo h a o o o u a ts to r d e c r e a s e in o o m p a a y ’a e a rn l'ig * .
t S tr ik e d u r in g 15 d a y s o f M aro h , 1 8 9 3 ; n o o a rs ru n n in g .

Street Railway Net Earnings.—The following table gives
the returns of S t r e e t railway gross and net earnings received
this week. In reporting these net earnings for the street rail­
ways, we adopt the same plan as that for the steam roads—
that is, we priat each week all the returns received that
week, but once a month (on the third or the fourth Saturday)
we bring together all the roads furnishing returns, and the
latest statement of this kind will be found in the C h r o n i c l e
of June 18, 1898. The next will appear in the issue of July
23, 1898.
R o a d s.
D u lu th 8t r e e t R y___M ay
J a n . 1 to M ay 3 1 . . . .
J u ly 1 to M ay 3 1 ---.K ings Co. E le v a te d —
J a n . 1 to M ar. 3 1 . . . .
Loe A n g e le s T ra o tio n —
D eo. 1 to M ay 3 1 ___

-G ro ss E a r n inn g s .-----,
.— «■----- N et E a r n in g s .—
1897.
1897.
1898.
1898.
*
$
$
7.933
1 5 ,8 3 2
8,9 3 4
1 6 ,6 0 0
28,531
7 4 ,3 2 0
3 7 ,1 6 9
7 9 ,8 2 0
83,686
9 0 ,9 7 4
1 8 5 ,8 5 4
1 8 5 ,1 3 3
1 8 1 ,5 7 6
4 9 ,2 4 1

1 8 9 ,7 2 0

3 7 ,4 9 8

49,895

1 4 ,1 0 9

ANNUAL REPORTS.
Annual Reports.—The following is an index to all annua)
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
o f the I n v e s t o r s ’ a n d S t r e e t R a i l w a y S u p p l e m e n t s .
This index does not include reports in to-day’s C hronicle.
Full-face figures indicate Volume 67.

R a il r o a d an d M is c e l . C o ’ s
V o lu m e s 66 a n d 67—
P age.
Allegheny Valley............................ 1344
American Steel Castings Co....... 2 3
American Tobacco......................... 950
Bangor & Aroostook..................... 855
Canada Southern Ry ........
H86
Chicago Edison.......... ................. 954
Chicago End. & Louisville R r..
Chicag »& North W estern...'....... 1086
Chicago K. I. & Pac..............1086, 1091
Chic igo & West Tnd....................... 123*
Chic. & West Mich....................... 854
Cincinnati Edison Co...... ..... 1186,1234
Cin. Ham. & Dayton Rv. System.. 808
Cincinnati & .Musk. V alley............ 855
Cleveland A Marietta. .................. 950
Cleveland & Pittsburg................. 949
Des Moines & F t. Dodge............... 1087
Detroit Grand Rapids Sc Western. 855
Dominion Coal Co (Limited)....... 1087
Electric Storage Battery............... 1187
Erie Telegraph & Telephone....... 951
Flint & Pere M arquette................ 854
General E lectric...................854, 808
Keokuk & Western......................... 1233
Lake Shore & M. S............................ 89a
L. Sh >re Sys.—Mahoning Coal RR. 8w7
Lamson Consol Store Service Co..l042
Louisv. Ev. A St. Louis Cons. RR.. 999
Lehigh & Wilkesbarre Coal.......... 808

R ^,IL,ROAt)S and M is . C o . (O on,)_
Volum es 66 a n d 6 7 —
pane
Mexican Central.,
- -Mexican Telephone.’
........... 1087
Michigan Central ...
Monon^aheia''kTver RU! * . ! ! ! ! ! ! 950
New England Telephone & Telg.-. 951
S ’ v'
& Hud. Riv. RR. Co... 1233
X‘J^!llcaso & St. Louis........ ... 897
North American Co.............. 1183 1234
Ohio River RR ....................7 / {ofi
Pacific Coast Com four months......2 6
Pacific Mail SS. Co ... ................. 1042
Peoria Decatur & Evansville.. .. . ..1234
Philadelphia Company................. 952
Pitts Ft. Wayne & Chicago............ -25
Pittsburg & Lake Erie ....
808
Reece Button Hole Mach. Co .....‘ 809
St Louis Term , Cupples Station
Prop Co., 13\4 nmnihs................ 1037
Southern Cotton Oil...................... 1186
Standard R >pe & Twine...........
951
3 Q9
Swift & Co .......................
Uni ted Gas Impt.......... ’. *.’. ’ 898
U. S. Rubber Co.............................. 1000
Western Union Telegraph............ 1138
Wilmington & Northern R R ......... 950
S t r e e t R a il w a y s .
Milwaukee Elec. Ry. & Light. 1186,1234

Duluth & Iron Range Railroad.
( Balance Sheet of Dec. 31, 1897.J
The earnings for 1897 were in V. 6R, p. 283. The balance
sheet of Dec. 31, 1897, is now published, as follows :

BALANCE SHEET DEC. 31 , 1897.
A.ssets
L ia b ilitie s —
C o st o f r o a d - b e d ,e t c . . $ 1 1 ,8 8 4 ,5 2 5 C a p ita l s to c k ................. $ 3 ,000,000
C o st o f e q u ip m e n t___ 1,96 6 ,8 9 1 F ir s t m o rtg a g e ....................................... 6,332
S w a m p la n d g r. a c e t ..
6 6 ,166 Seoond m o r tg a g e ................................. 5,00 0
17 8 ,9 7 7 L a n d g r a n t b o n d s ___
M a te r i a ls .........................
500,000
C a s h a s s e t s .....................
60 4 ,6 1 9 C
_________________
u r r e n t lia b ilitie s .................................6 72,8
B o n d s in t r e a s u r y ........ 1 ,9 9 . ,000 I R e p la c e m e n t funds'.".!
515,358
I In c o m e a cc o u n t.
6 7 1 ,2 8 4
T o t a l........................... $ 1 6 ,6 9 1 ,4 7 8
—V. 66, p . 2 6 8 .

T o ta l...........................$ 1 6,691,477

Bethlehem Iron Company.
( Report fo r Year ending May 31, 1898.J
The annual report read at the stockholders’ meeting at
Bethlehem last week, as confirmed for the C h r o n i c l e , showed
the following:
T o ta l re c e ip ts fro m a ll so n ro e s fo r y e a r ....................................... $ 4 ,8 3 2 ,0 5 0
E x p e n s e s a n d o o sts p e rta in in g to s a le o f p ro d u c t, ta x e s ,
in te r e s t a n d co m m issio n s, a s w e ll a s a ll d o u b tfu l d e b ts,
d e p r e c ia tio n o f b u ild in g s, m a c h in e ry , eto., a m o u n tin g to . 3,74 8 ,7 0 5
N e t p r o f its ................................................................................................... $1 ,0 8 3 ,3 4 5
D iv id e n d (8 p e r o e n t o n $ 5 ,0 0 0 ,0 0 0 )...............................................
4 00,000
B a la n c e c a r r ie d to c r e d it o f p ro fit a n d l o s s ................................ $683 ,3 4 4
U n fin ish e d o r d e rs o n th e c o m p a n y ’s b o o k s, a t th e c lose of
th e flso al y e a r , M ay 3 1 ,1 8 9 8 , a b o u t ...........................................$ 6 ,5 0 0 ,0 0 0

The amount to credit of profit and loss May 31, 1393,
was $5,309,100 while the company’s capital stock is only
$5,000,i 00. The fnnded debt at present consists of $1,351,000 of 5 per cent bonds, due Feb. 1, 1907; the excess
of current resources over current liabilities is $3,139,722.
The report, moreover, does not include a contract,
representing $1,000,000 or so of business, for forgings and
armor plate .for the Russian war vessels being built by the
Cramps.
The directors were re elected without change, except that
George H. Myers who retired on account of illness was suc­
ceeded by R. W. Davenport. -V . 66, p. 663.
Hawaiian Commercial & Sugar Co.
( Secretary's report fo r the year ending Dec. 31, 1897. J
A ssets—
L ia b ilitie s —
R e a l e s t a t e ....................... $ 8 3 9 ,5 8 2 N o te s p a y a b le .................
B o n d a c c o u n t ...............
S te a m
p lo w s ,
to o ls,
u te n s i ls , e t o .................
71,271 S an F ra n c is c o d r a f t s ...
L iv e s to c k , e to .................
44,578 H o n o lu lu d r a f t s .............
C a n a ls .................................
6 11,143 H . H a o k fe ld & G o..........
M ills a n d b u il d i n g s .. .. 1 ,3 2 7 ,5 2 2 R . S p re o k e ls .....................
R a ilr o a d ..............................
3 14,756 C. A. S p re o k e ls ...............
P l a n t a t i o n .........................
5 2 4 ,3 4 1 I
K a h n . f itp la n t’n s to re s .
108,793
B rig “ L u r lin e ” ...............
1 5 ,0 0 0
M is c e lla n e o u s ..................
8 5 ,5 9 7

$247 ,7 0 3
691,578
10,733
6,309
6,501
1 8 ,8 9 3
4 6 ,5 7 8

T o t a l.............................$ 3 ,9 4 2 ,5 8 4
T o t a l.............................$1,028,293
A s s e ts ............................................................................................................. $ 3 ,9 4 2 ,5 8 4
L ia b ilitie s ..................................................................................................... 1,028,293
N e t a s s e ts ................................. ..................................................... $ 2 ,914,292
C a p ita l p a id i n .......................................................................................
2,312,755
S u r p lu s ...................................................................................................

GENERAL

INVESTMENT

$601 ,5 3 7

NEWS.

Reorganizations, Etc.—Latest Data as to Defaults, .Reor­
ganization Plans , Payment of Overdue Coupons, Etc.—All

facts of this nature appearing since the publication of the last
issues of 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 f o li o wing index.
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. _As to some smaller
companies see also p. 1138, issue of June 11.

R a il r o a d s a n d M is c e l . C o .’ s .
V o lim e s Q Q a n d Q 7 —
Page.
Addison & Penn. RR. .successor co. 2H
Atchison Col. <fc Pac ............. sold.lOiS
Aicb. Jewell Co. & West, .sale.9^2,1139
Balt. & Ohio.ccmpo'i3.S50,85y, 1043, *27
do
do
deposits requested. 1000
do
do foreclosure of B Sc 0.1088
do
do
...............plan.1235
do
do
not to holders of 5
ver cents of 1885. 2 7

R a il r o a d s & M is. O o.’s— (Oon.)—
V o lu m es 66 a n d 67—
Page.
Brooklyn & B righton B. .recvs. ctfs. 810
do
foreclosure. *50
Busk Tunnel Ry.................deports. 1187
Cape FearA Yadkin Val.sale. .89e, 1187
Central Br..U.P sold.953,1033,plan 1139
Central Ohio.............................
Cent. Pacific...committees consolid. 8o6
do
do
commisston.1088, 2 7
Cen. Vermont.bondh’ders’circular. 899

THE

C H R O N IC L E.

R a i l r o a d Jt M is. C o .’s —(C om.) — R u u i o i u * A* M is . O j .'s —(C om.)—
Vo h h i . (if.—
Fane
Y ttfu m s HO—
I ’age
Cent m i
< | •‘nri» n'ox.* (!tu A Eloc. Lifilil.
ILH>
C e n t. \ V » s ! j|iie io n .r M f ^ HW; *l<» . 'N> t

Clucin. A Mt;?k
fid
Jo
•--M
!, ■£ ’
Ctolc. x A teb. H r'ilce.rr—r^tti |jf«) eo. KEUfl

P h il. lie&ri. X S . K

771. n il

tlo
(I *
w .|
PIH-. A V T4«t4fn/xt'n, '•/ M m h ...l0W
Po’keep‘ln A tS&stom r<crr.\ 1V0. l i v8
Cfalc.PifH ir.Jtbi . 1. <t*f Mil
S hi.»Ua W riter A Light . .'IrfanU.l'ZHS
Civic, j W est M lcblfiio . cvui<»n*. 01$ S-.mtnw sio n i Ark A 1ml. T or.vifr, 1 0
Oievo. Cmtitt.w x <
ontmsf.USO "l »t .>t» Lltiml i(si’. Tr4ii»it ttfiinU. .TO
SnittifAit A Arkansas R iver...-oP.! 190
Ctov*.. A: SatiJusItJ Bwwlnj! Co.
f > , n *>»
1139 J Tot. St. L. X Ktui Glijr ,a<»p^ LtK)t1. 1008
Col, Hock.VaJ. AT* l .S -rtd iiA .'J 0. iOl* j Union P»e.... KVin. <'ity enn-toh r*L t*55
.Jo
Mi *. Dir. &4a»«< MMM wl. 9&6
LV1.A Htwk. l\'«U A. Iro n ............ . ‘.is
A
. . r ory. M i, 05!>
C oi x O io , A lul. . Jo * . <ou)K>n t»i OAH j U. P.
tV»l, S>i'd .V Hocilnjr. . w r j plan 10 *1 ' WvM Virginia & P itts .default, ntlfi;
Conn, Bloffii City 'V .N farki^/w irl. H>$s \ •ItpOMlt* m j •'»/>«L s ta . 1*00; reC Tt wort
R Eio x Cbvenlx M 'g
»«{»• 1140 i W heeling A Lake E r i e ..........j Ian. 1112
Kxectalor SutUJtf* HU ____, . t r j . l l i o
da
do
’-tii in*lot. n f a**?'*m. 1
tjalv. La I’o n c x ilott$ton.*ujf (153.11 »o : W isconsin Coni .ryorv. w nillrriJ l itf, 3 l
lnJmn« a Lake Mien .......... Hole. 'iS '
STRBKT
fU ri.W *T 8.
StniT«t«n ,1 I’toaoroko HR »<
ion :
1187
L Rook A ilo m * •( o'*rpiin*-tI,0M, 14)17 j 11loom. A Normal St. Ry..*«M,
LoaL vtlle B rans .kSt. L.r-ti<|H>tif.!v80 | B r’klyn m .nod*po lt« a ft,r Ju ly I L l ^
do
IIrid t cunt net, *«!7
Uiv'OUri Kan. A. T exas. o J ^ in l^ |Tn»o3n,,« it* iftcm.-t in rt lu il-l ftb j lluflaJo Komnore .v Tomiwnnchi
...r^ n ^ .R u S . lid . \J7
N f* Koclaml
J ttM a n d wur^r.KKM) I E le c tric ...
Now OrioAJi.-- A West
rrc»**. eif4.10|fl j DoUevllle *N. V.) El. !.. s P. rccer.
N»ssau Elo.trlc__ ittulju U m nt nf
N. V.Piill £ Nor, ,rc r, ,(M5.7TO.* 11.
11411. lU l, 1180
cai/Rfitir,'ir0>a- ‘^59
OgdensbupRjfe L. Champ solil.901.1141 I Newburu Rlec. Rv .............default Id;*"
Ohio River & Charleston ..
m l . *2‘» N •-«- Orlosus Tru •tlon...... ... pin n *A9
Ohio Southern. .,J ‘<ncl’*ute fUcr*-t.10O2 Sanduskr tO.) S treet Ry. . . si'r. TO
Oregon Imp. .n- uftF*. rmdy.H'OS!. 1190 j Union I’rac. o f N. .1 d> j>wit*. 1090 11 Fi
qo
.,. .net# arc Unite* ItsUd. *£?> I W llkosbarre A NortU ern— r earj 1190

American Hell Telephone Co.—New Bonds.—Additional
ParlH ’dars. —Below we give the lorm of bood of the §5,000,-

fVoL. LXVII.

Altogether, a ventaen tracts of land, aggregating 2,848
acres, it is sta'ed, have been acquired iu Houghton County
including 00 acres formerly belonging to the old Arcadian
Mining 0>.. 830 acres to the E 1wards Mining Go.. 320 acres
to the S t Mary’s Canal Mineral Land Co . 10 1 acres to the
Concord Copper C >. 15) acres to the Douglas M ning Co.
The new company has a valuable mill site on Portage Lake,
and, it is claimed, embraces extensions of the Huron, Kearsurge, Isle Itoya e and other well-kn >vvu copper lodes. The
Arcadian, it is estimated, has 8f£ miles on the outcrop of
lode, with n estimated depth of over two miles in sinking,
at an angle of 55 degrees.
A tlanta Consolidated Street Ry.—Propisel Reduction of
Interest.— ‘A plan is now being considered by the stockhold­
ers of the Consolidated Street R ail way Company looking to
a reduction of the interest on the outstanding bonds of the
coiporatioa For the last two years the bonds have paid 5
per cent interest, and it is proposed to lower the rate to 4 per
cent, which will reduce the expanses of the com nan y more
than $20,000 a year."—“ Atlanta Constitution."—V. 63, p. 27.
Baltim ore City Passenger Ry.—New Stock Authorized.—
The stockholders at their meeting on Thursday voted to issue
4i.OOO additional shares of stock, par value of $25 per share.
The new stock, it is stated, will be offered to the stockhold­
ers at 8’ 0 per share, permission having been secured from the
Legislature to sell additional stock at that figure. This will
give the company $2,0)0,000 to pay off obligations and leave
a substantial surplus for future use. “ Baltimore Sun" says :

000 four per cent ten-year debentures which were pur­
chased recently by Lee, Higginson & Co. of Boston. Of
o u n t, $ 0 0 .n o 1 w ill Ins u s e d to p a y f o r th e C e n tra ! I t all w a y ,
these bonds two filths are to be paid for July l, 1898, and reOc ef nthtlye apmu rc
h a s e d iji^vOOUO, to p a y f o r th e b o n d s o f th e B a ltim o re
three fifths July 29, 1898.
M id d le R iv e r * s p a r r o w ’s Point. Ry . p u rc h a s e d b y th e c o m p a n y so m e
tim
e
a
g
o
,
a
n
d
ii Iioh $ 1 3 9 ,0 0 0 to r e tir e lo a n s fo r s u n d r y I m p r o v e m e n ts
These bonds sre part of an authorized issue of $10 000,000
in g c o n tr a c ts to e f u r th e r Im p r o v e m e n ts .
anil are issued to provide money to take up the $2,000,0*0 7 tThhaist hinacvlue dbe se nthme acdoes ta nf od r e exqisutip
m e n t o f th e R ed a n d W h t e lin e s fo r
per cent debentures due Aug. 1, 1898, and to provide means o p e ra tio n b y e le c tr ic ity . Those
p a y m e n ts will, a g g r e g a te a b o u t
for new construction. The remaining §5,0' 0.000 bonds may J . i 2 *,000, le a v in g a b o u t $ 6 : 0.000 fo r f u tu r e e x te n s io n - , im p r o v e ­
be issued at the pleasure of the company. A Massachusetts m e n ts a n d e q u ip m e n t.
statute limits the issue of bonds by a corporation like the
The actual increase of the capital stock is $1,000,000, mak­
Bell to one half its outstanding stock. The company’s stock ing the total capital stock $3,500,000.—V. 67, p. 28.
at present is 825,8-6,300.
Buffalo Rochester ,ii P ittsb u rg .—Allegheny & W estern
By. —Contracts Let.—The “Railroad Gazette" says: “ All the
F o r m ok D l h e n t u h e B o n d .
contracts for grading and bridging have been let on the Alle­
FOUR ri!R CENTS DUE 1 9 0 8 .—FAYAOI.E IN LAWFUL MONEY.
* 1 ,0 0 0 . F o r V a lu e R e c e iv e d T h e A m e ric a n B ell T e le p h o n e Co. w ill gheny & Western extension from Panxsutawney. Pa,, west
p a y , » t th e o llice o f i s T r e a -u ie r in t h e C ity o f B o sto n , to th e b a r e r 98 miles to Newcastle. Tuere will be a 700-foot tunnel near
h e re o f, o r in ea-ie o f roK idtT atfon to th e r e s t o r e d h o ld e r h e re o f, th e
Buffalo Mills. Some of the cuts are very heavy. The con­
mini o r * 1 ,0 0 0 in la w fu l m o n e y o f th e U nite-! S ta te s , o n th e iir a t d a y of
J u ly In tin- y e a r 1908, w ith in te r e s t a t th e r a t e o f - t p e r c e n t p e r tract for grading to the Moss Grove Bridge was let some­
time ago." At New Castle connection will be made with the
a h n m n ,-p a y a b le s e m i-a u n n a lly o n th e fir s t d a y s o f J a n u a r y a n d J u ly in
e a c h y e a r o n p r e s e n ta tio n a n d s u r r e n d e r o f th e p r o p e r a n n e x e d Cleveland & New Castle Ry., which the Lake Erie & West­
co ip o n s .
ern is building to that city from Akron, O. With these new
THIS ISSUE 18 $ 1 0 ,0 0 0 ,0 0 0 .
T h is b o n d is o n e o f te n th o u s a n d b o n d s o f lik e te n o r a n d a m o u u t, roads completed the two systems will form a new through
n u m b e r-d fro m o n e to te n th o u s a n d c o n s e c u tiv e ly . T h e A m e ric a n route from Illinois to Western New York.—V. 66, p. 1088, 759.
B e it T e le p h o n e Co. h a s e x e c u te d a n in d e n tu r e w ith th e O ld C o lony
C entral Branch Union Pacific Ry.—Successor Company.
T r s t Co. a s r e p r e s e n ta tiv e a n d fo r th e b e n e fit o f th e h o ld e rs o f a il
s a id b o n d s , w h e re in s a id T h e A m e ric a n B e ll T e le p h o n e Co. c o v e n a n ts : —The sale of the Central Branch Union Pacific E l i having
been confirmed, the new company has been organized under
COMPANY COVENANTS NOT TO IMPAIR THE SECURITY OF BONDS.
F ir s t. T h a t i t w ill n o t c r e a t e . a n y in c u m b r a n c e u p o n i t s p r o p e ity the title of the Central Branch Union Pacific Railway Com­
pany. The company will be controlled by the Missouri
t h a t w ill im p a ir t h e s e c u r it y o f * aid b o n d s.
Pacific. The line extends from Atchison, Kan , to WaterAND TO SECURE THEM BY ANY FUTURE MORTGAGE.
■ S e c o n d . T h a t if a n y m o rtg a g e o r o th e r in c u m b r a n c e b e p la c e d h e re ­ ville, Kan., 100 miles. The officers aie: President, James
a f te r u p o n i 's p r o p e r ty o r a n y o f i t. s a id i> n d s a n d e a c h a n d a ll of
W. H un: Viae President, Edward H. Ladd, Jr.; Secretary,
th e m s h a ll b e in c lu d e d th e r e in a n d s e c u r e d th e re b y .
F. S. Blakeslee, and Treasurer, Gilmer Clapp.
BUT RESERVES RIGHT TO ISSUE OTHKR SIMILAR BO*DS.
B u t th e s e c o v e n a n ts s h a ll n o t p r e c lu d e th e is s u in g o f, f u r t h e r b o n d s
o f lik e n a tu r e .
fPRINOtPAL BUT NOT COUPONS MAY BE REGISTERED.
T h is b o n d , w h e n p a y a b le t o b e a r e r , m a y b e r e g is te r e d o n t h e b o o k s
of tlm com p u n y iu th e n a m e o f th e h o ld e r. T l ie r e a ite r t i t l e s h a ll p a ss
o n ly b y t r a n s i e r r e g is te r e d on t h e b o o k s o f tn e c o m p a n y a n d c e rtifie d
h e re o n b y th e T r e a s u r e r , u n le s s a n d u n til a t r a n s f e r t o b e a r e r s h a ll
h a v e b e e n so r e g is te re d a n d c e rtifie d . S u c h r e g is tr a tio n s h a ll a p p ly
o n ly to th e p r in c ip a l o f th is b o n d a n d n o t to its c o u p o n s.
CERTIFICATION, ETC.
T h is b o n d w ill b e v a lid o n ly w h e n a u th e n t i c a t e d b y a c e r tif ic a te e n ­
d o rs e d h e re o n ig n e d b y th e s a id O ld C o lo n y T r u s t Co.
I d w itn e s s w h e re o f th e c o m p a n y h a s c a u s e d its c o r p o r a te s e a l to b e
h e re to affixed a n d th is o b lig a tio n to be s ig n e d b y Its P r e s id e n t a n d
Treii«ur© r, a n d th e o o u i o n s h e re to a n n e x e d to b e a t t e s t e d bvr th e n a m e
o f s a id T r e a s u r e r , at: B o sto n , th is fir s t d a y o f J u l y in th e y e a r 1898.
(S eal.)
T r e a s u re r.
P r e s id e n t.—V. 66. p. 11 3 8 .

American Graphophone Co. of Washington.- • New Slock.—
The additional issue of 8200,000 7 per cent stock is reported
to have been taken entirely by the stockholders.
American Steel & W ire .—First Dividend.—The company
has declared a quarterly dividend of P /4 per ot-nt on the pre­
ferred stock, payable August 1. The stock is now dealt in
in the unlisted department of the New York Stock Exchange.
The company was incorporated in March, 1898, with an au­
thorized capital of $12,000 000 7 per cent preferred and §12,OOO.OOo common stock.—V. 66, p. 615.
Arcadian Copper Co.—Consolidation. —This company has
been organized in Boston, under the laws of Michigan, to
own an 1 operate copper mines in the Lake Superior district,
which have been acquired by Standard Oil aud other inter­
ests. The capital stock is $2,500,000, in $25 shares, on which
$2 > per sh tre, or $2,000,000, has been paid in, providing a
development fund in addition to the purchase money. The
-ers and directors are as follows :
^
Ire c tn rp —A lb e rt C. B u rra R e , o f B o sto n , r e p r e s e n ta tiv e o f till!
.H illard Otl Co. In t h a t c ity ; H e n ry If H o v ers, o f Wow Y o rk , VicoP r e s i d e n t a n d T r u s te e o f th e S ta n d a rd Oil On.: W illia m R o c k e fe lle r,
o f S e w n i r , P r e s id e n t o f th e S ta n d a r d Oi! Co.; C h a rle s I). B u rm in 1, of
B o s to n : N a th a n F. L e o p o ld , o f C h ic a g o ; H e n ry G . F o ren i in , o f OMcatro; W illia m A. P e in e , o f B o s to n ; S id n e y C h a se , o f B o sto n ; J . II.
K k ie , o f H o u g h to n . Ml Oil.
Offl - e r s - p r e - i d c n t . A lb e rt C. B a r r a g e ; G e n e ra l M a n a g e r, N a th a n F.
L e o p o ld ; S e c re ta ry a n d T r e a s u re r, C h a rle s D . B a r r a g e .

To.e-tty Per Cent Cash Distribution.—New Bonds Ready
Aug. 1.—The reorganization committee notifi s the holders of

certificates of deposit for Atchison & Pike’s Peak first mort­
gage 6s and Central Braueh Union Pacific funded coupon 7s
that the Union Trust Co. of New York is ready to m ike the
cash payment of 20 per cent provided for in the plan of reor­
ganization as amended May 20, 1898, upon presentation of
the certificates. It is expected that the Trust Company will
be ready to deliver the new 4 per cent bonds by Aug. 1st
and will do so without further notice.—Y. 66, p. 1139,
C entral Electric Ry.—Northeast E lectric Ry. of Kansas
City.—New Company.—The Central Electric Ry. of Kansas
City, with a capital stock of $1,009,000 authorized and $500000 paid in, has filed articles of incorporation in Kansas City.
Samuel M. Jarvis of New York City owns all the shares but
six. W. O Saarritt, R. R Conklin, F. S. Grove3, William
M. Reid, E. S. Youmaus and E, G, Vaughan own one share
apiece, Tne “Kansas City Star” says, it is designed that this
company should absorb, or at least control, the company
of which these same men are the chief stockholders, known
as the Northeast Electric Railway Co. Numerous extensions
are projected.
C entral Pacific RR.—House Passes Amendment.— At
Washington, on Wednesday, the house passed the Pacific
Railroad Amendment to the deficiency appropriation bill, as
amended by the Senate, authorizing the appointment of a
commission to settle the Pacific R lilroad debt. The Amend­
ment was given in the last C h r o n i c l e . —V. 67, p. 37.
Chattanooga Rapid T ran sit Co. -B elt Railway Co. of
Chattanooga .—Trackaqe Rights.—The Alabama Great South­
ern RR. Co., as the lessee of the Belt R lilw iy Oo. of Chatta­
nooga, has granted to the Chattanooga Rapid Transit Co.
trackage rights over certain parts of the Belt Railway Com­
pany’s" lines, aggregating about 18 miles in length, the lines
b-ing equipped electrically by the Rapid Transit Company.
The Rapid Transit Company is granted the exclusive right to
handle all passenger, mail and express traffic on the lines re­
ferred to. while the exclusive right to handle freight traffic
on the said lines is reserved to the Alabama Great Southern
RR. Co. The Chattanooga Rapid Transit Co. pays a fixed
rental for the use of the property, based, upon 6 per cent on

J uly 9, 1898.]

THE CHRONICLE.

the agreed valuation thereof. The trackage agreement
covers, it will be noticed, only a portion of the 25 miles of
road owned by the Belt Railway Co.—V. 63, p. 699.
Chicago Peoria & St. Louis R R .—Sale of Hypothecated
Securities.—Dent, Palmer & Co., of 27 Pine St., advertise
that they will sell at public auction, at the New York Real
Estate Salesroom, No. I l l Broadway, in the city of New
York, through Messrs. R. V. Harnett & Co., on July 18,1898,
at 12 o’clock noon, the following securities pledged with
them by the railroad company :
C h ic a g o P e o ria & S t. L o u is R R . 1 s t M. 4 s (J a n . 1, 1 8 9 7 , a n d
s u b s e q u e n t c o u p o n s o n ) ....................................................................$2 ,1 0 0 ,000
C h ic a g o P e o r ia & S t. L o u is R R . p r e f e r r e d s to c k ....................... 1 ,0 75,000
Do'
do
do
co m m o n s t^ c k .......................
2 9 7 ,900
J a c k s o n v ille & 8 t. L o u is R y . in c o m e b o n d s (J u ly 1 ,1 8 9 7 ,
a n d a ll s u b s e q u e n t c o u p o n s a tta c h e d ) ....................... ................
2 0 1 ,000
J a c k s o n v ille & S t. L o u is R y . s to c k (v o tin g t r u s t e e o e r tf .) ..
1 0 0 ,000

The sale of this collateral is preliminary to reorganization,
which, it is understood, will be undertaken at once* and the
fixed charges brought within the earning capacity. The
present first mortgage bondholders will be asked to give up a
part of their holding for a debenture security.—V. 66, p. 1237.
Chicago Rock Island & Pacific Ry. —Debentures Called
for Payment.—The formal notice calling for payment of the
entire issue of debenture bonds is being advertised. The
bonds will be paid Sept. 1. 1893, at 105 and interest at the
United States Trust C o—V. 66, p. 1237.
City of Chicago Brewing & M alting.—Official Circular.—
J Vo Interim Dividend.—The circular sent to the stockholders
regarding the non-payment of an interim dividend is sub­
stantially as follows :
F o r th e s ix m o u th s to th e 3 1 s t o f M a rc h l a s t s a le s o f b e e r w e re v e ry
s a tis f a c to r y , a s th e y a m o u n te d to 1 5 8 .4 9 4 b a rre ls , b e in g a n e t in•crea se o f 1 0 ,3 0 2 b a r r e ls w h e n c o in p a re d w ith th e s a m e s ix m o n th s or
t h e p re v io u s y e a r . P r o fits in th e s a m p e rio d h a v e , h o w e v e r, n o t b e en
s a tis f a c to r y , o w in g to th e c o n tin u e d c o m p e titio n , c h ie fly o f b re w e rs
o u ts id e o f C h icag o . T n is c o m p e tlt o n c o n tin u e d s te a d ily u p to th e
m id d le o f M ay la s t, w h e n th e c o m p e titio n h a d so f a r c e a s e d th a t th e
c e llin g p ric e m ig h t s a f e ly b e ra is e d . P r ic e s o f m a te r ia ls a re ru lin g
c o n s id e ra b ly h ig h e r th a n l a s t y e a r , b u t a t th e p r e s e n t g ellin g p ric e
b u s in e s s f o r th e re m a in d e r o f th e c u r r e n t y e a r s h o u ld b e s a tis fa c to ry .
I t is a n tic ip a te d t h a t a n a d d itio n a l w a r d u ty o f $1 p e r b a r r e l w ill be
e n fo rc e d , b u t it is u n d e rs to o d t h a t th is w ill b e m e t b y a c o rre s p o n d in g
a d v a n c e in p ric e . T n e p la n ts a r e r e p o r te d in e x c e lle n t o rd e r. The
d ir e c to r s r e g r e t t h a t in c o n s e q u e n c e o f th e u n s a ’is f a c to r y b u sin e ss iQ
t h e first h a lf o f th e y e a r th e y a r e u n a b le a t th e p r e s e n t tim e to d eclare
a n in te r im d iv id e n d o n p re fe re n c e s h a r e s . I t is a n tic ip a te d , ho w ev er,
if th e p r e s e n t c o n d itio n s a r e m a in ta in e d , t h a t i t w ill b e p o s sib le to pay
* d iv id e n d o n th e p re fe re n c e s h a r e s in D e c e m b e r n e x t.—V . 6 7 , p. 28.

73

o o v e rin g im p ro v e d p r o p e r ty s o ld a t g r e a tly In fla te d v a lu e s T h e tm n p a u y b o u g h t u p a n d c a n c e le d $ 0 0 4 ,0 0 0 o f th e s e b onds a n d u p to 1 8 9 4
p a id th e in t e r e s t o n th e r e m a in d e r by c o lle c tio n s from trim ? fu n d
n o te s, b u t a t t h a t t u n e i t b e ca m e a p p a r e n t t h a t th e re m a in d e r of th e
trim . ^9n ’ n o te s w e re la -g e ly u n c o lle c tib le in m oney.
I t w as th e n in
1 8 9 1, t h a t t h e E ly to n C o m p a n y w as o rg a n iz e d , p u rc h a s in g th e a s s e ts
a n d a s s u m in g th e lia b ilitie s o l th e E ly to n L a n d C o., a n d fn n d iS g th e
d i v n le n t t r u s t b o n d s s till o u ts ta n d in g , a m o u n tin g t i $1 794 000 bv
a n is s u e o t th ir ty - y e a r 5 p e r c e n t b o n d s, s e c u re d by a first m o rtg a g e
u p o n th e a s s e ts of th e c o m p a n y , th e s h a re h o ld e rs v o lu n ta rily a ire e m g t h a t no d iv id e n d sh o u ld e v e r b e p a id u p o n th e ir sto c k u n til a fte r
th e p a y m e n t of th e e n tir e b o n d e d d -bt of th e c o m p a n y . T h e d iv id e n d
t r u s t b a n ' s o u ts ta n d in g , e x c e p t $ 1 2 0 ,0 J 0 , w e re p ro m p tly e x ch a n g e d
fo r t h e E ly to n C o m p an y 5 p e r c e n t s .
8“
O u t of 2 ,0 0 0 s h a r e s o f s to c k of th e E ly to n L a n d Co. th e re w as one
s h a r e h o ld e r o w n in g five s h a r e s o f th e p a r v a lu e of $ lo o w ho p ro te s te d
a n d b ro u g h t s u it fo r a re c e iv e r. T his s u it h a m p e re d th e c o m n a n v fo r
m o re tn a n tw o y e a -s. t h e p a n ic of l s 93 p m a s to p to re a l e s ta te
tr a n s a c tio n s a n d n e c e s s ita te d a flo a tin g d e b t in o r d e r to m e e t the
in te r e s t c h a rg e s . A s h o rt p e rio d of fin a n c ia l im p ro v e m e n t w as fol­
lo w e d in its tu r n b y a s m a llp o x ep id e m ic, th e n a yello v fe v e r enldernie, a n d its m o re d is a s tro u s a lly , th e s h o tg u n q u ira n tin e . T hen
o am e th e tw o s u its filed b y th e d iv id e n d t r u s t b o n d h o ld e rs in la n u a rv
la s t, w h io h th r e w a c l m d u p o n th e c o m p a n y ’s title s a n d f u r tk o r in ­
j u r e d its c re d it. L a s t o f a 'l cam e th e w a r.
" T h e d ire c to rs b eliev e th a - if th e c o m p a n y w e re tid e d o v e r th e se
te m p o r a r y e m b a rra s s m e n s th e c o n d itio n s w ould c e r ta in ly im p ro v e
su ffic ie n tly w ith in a fe w y e a r s to e n a b le i t to p a y its flo a 'in g d e b t a n d
b e g in m a te ria lly to re d u c e t s b o n d e d d e b t. B u t in th e face of th e su its
filed ID J a n u a r y l a s t b y h o ld e rs of th e u n e x c h a n g e d d iv id e n d t r u s t
b o n d s th e c o m p a n y h a s b e e n re lu c ta n tly fo rc e d In to re c e iv e r’s h a n d s

Galveston La Porte & Houston Rv.—Sold.—At the sale on
Tuesday the property was purchased by George C. Holt, of
Woodstock, Conn., tne only bilder, for $100,000.—Y. 66, p.
1140.
’v
Gas Company of Luzerne County.—J^ cers.-T his com­
pany, controlling the entire ga? business of Wilkesbarre,
Penn., has been organize! as follows :
O fficers - P re s id e n t, Ah ra m N e s b itt. P re s id e n t S e c o n d N a tio n a l B an k
W ilk e sb a rre ; V ioa P re s i-le n ’, J o b l W. H ille n b a ck . P re s id e n t P e o p le ’s
B a n k ,W ilk e sb a rre ; S c o re -a ry a n l fr e ts ire r, E. W. .M alugan, C a ih ie r
S eooud N a tio n a l B ank, W ilk e sb a rre .
D ire c to rs .—B esid es th e a b o v e n :fii> rt. E l w a r d C. J o n e s , of N e v
Y rk; L id d o n F lick . O. E. S te g m a ie r, E tw in H , J o n e s , I r v in g H
S te a r n s a n d J o h n F la n ig a n , of W ilk e s b a rre .

Bonds Over Subscribed.— The compaiy his issued a mort­
gage of $7)0,000 and stock fjr the stme amount, and at a
recent offering of the bonds for snb3criptio i they were
doubly subscribed, and the allotment was bat 50 percent.
—V. 66, p. 1090.
Indianapolis (IniL), Water. —Proposition to City.—Tbs
city of Indianapolis, wiich for some time pis: h n been con
the aivi3ibiiity of parchisiag the Iaiian ip >lis
Columbus (0 .) Central Ry.—Stockholders Held Liable.— sidering
Water Co., has received from William 8 H>ri. of 44 Wall
Master Commissioner George B. Okey has made a report Street,
representing the company, a letter s vying:
showing the assessments to be levied on the stock under the
w n e rs of m o re th%u th re e -fo u rth * of th e s to c k a s ju re m * th a t
liability clause of the Ohio laws. The “ Ohio State J mrnal ” thTe yl i ‘woill
fa v o r a sa le of th e p ro p e rty to th e oiCv a a t g iv e im u e d ia te
says: “ The list of those holding stock is given in the report p o s se ss io n o n th e p la n in d ic a te d in m y fo r n e r l e tte r to y m , viz :
and they are all told they will have to make good the bills of I f th e c ity w ill a g re e t o p i y tlie c o m p a n y $L 20.000 p e r a m im h y ­
e y e a r s [in p la c e of $ 8 9 .0 3 » y e irly a s now ]
the company. It is estimated that the company owes to dif­ dthreayn twr eUn ftaa lv ofor ratws aelen tyof-fiv
e e n tir e c i p i t i l s to c k of th e In d ia iap »lis
ferent parties in the State or mostly in the City of Columbus W a te r Co. [$ 5 0 0 ,0 0 0 ] to th
th e c ity of In d ia n a p o lis f >• t h e su m of 8200.$378,699 74, and this is the sum that must bs met by the 0 0 0 ‘a sh . s ih.ject to a m irtg a g e ia d e b :e d n e s 3 of $ 1.35 LOO ) b >ariag 5
r c e n t in te r e s t p e r a n n u m , e x c e p tin g $ >00,000 of said in d e b te d n e s s ,
stockholders.” Of the 15,099 shares'issied by the company, pwehioh
w b e a rs ♦> p e r c e n t in to e st, a n t b eco m es d o e iu 19 LL. Cue
14,083 shares are in the hands of the defend ants named in the la id in no
d e b te d n e s s is to be p a y a b le by th e W i te r C »rapany in in s ta l­
report. The remaining shares are held by persons outside of m e n ts o f $ 7 5 ,0 0 0 fo r th e first five y e a rs a n d in c re a s in g a n n u a lly
a s th e p rin c ip a l is p a id a n d th e I n te r e s t becom es c o rre s ­
the jurisdiction of the Court. The company has outstanding ‘hp oenr de ainf gtelyr re
duced.
|1,500,000 first mortgage 5s, sold at 80.—Y. 65, p. 1023.
T h is in d e b te d n e s s is to h e s e c u re d b y a m o rtg a g e u p o n th e w a te r
w o rn s a n d to be in n o s e a s e a lia b ility o r o b lig a tio n of th e c ity , a n d to
Edison Electric Illum inating Co. of Brooklyn—Kings b e p a id o n ly o u t o f th e r e v e n u e s of th e W ater C o m p an y .
-County Electric Light & Power.—Negotiations. —The stock T h e fo llo w in g is a s ta te m e n t of th e re v e n u e a n d o p e ra tin g e x p e n s e s :
of Edison Electric illnminatingCo. of Brooklyn has advanced A n n u a l r e v e n u e s fro m p r iv a te c o n su m e rs fo r th e y e a r e n d ­
in g A p r 1 1. 18 >8...................................................................................... $ 2 1 6 ,4 3 0
sharply within a week or two on the understanding that ne
a te d in c re a s e in re v e n u e fo r c u r r e n t y e a r ............................
3 ,5 7 0
gotiatims are pending for the acquisition of the property by EH sytim
d r a n t r e n ta l, a s p ro p o s e d .................................................................. 1 2 0 ,0 0 0
the Kings County Electric Light & Power Co.
T o ta l re v e n u e ................................................................... ......................$3 40,000
The latter is a new company which in September last in­
creased its capital stock from $'150,000 to $2,500,009, and made O p e ra tin g e x p e n s e s [e s tim a te d fro m re s u lts a t L o u is v ille ]... 8 0 ,0 JO
an issue of bonds, selling the latter, it is said, at 90, with a
S u r p lu s e a r n in g s ................. ................................................................$ ? 6 0 ,0 3 0
bonus of 75 per cent in stock. The company purchased in O f th e s u rp lu s e a r n in g s a t le a s t $ 7 5 ,0 3 0 p e r a n n u m m u s t be a p p lie d
Brooklyn for about §535,000 the block extending from the fo r th e first five y e a rs to th e re d u c tio n o f th e p rin c ip a l of th e d eb t;
b e re q u ire d th e firs t y e a r to p a y in te rs s t, a u l th e r e ­
East River to John Street, between Bridge and Gold streets, $m1a7in2 ,5d e0r0c wa nLl be
a p p lie d , if n e c e s s a ry , to b e tte rm e n ts a n l i n p ro y e Brooklyn, and has built on it a large electric-light and power m e its. As rhe p rin
c ip a l of th e d e b t is re iu c o d . th e in te r e s t c h a r g e is
plant. Last December it had laid 50 miles of subway, and re also re d u c e d , a n d th e b a la n c e a v a ila b le to p a y th e p rin c ip a l of th e
cently it underbid the E lis on Company for ths city lighting d e b t a n d f> r i m pro vein ents becom es la r g e r e tc h y e a r , so th a t th e e n ­
e in d e b te d n e s s of th e W a te r Co u p a n y c a n be p a id o u t of th e p r e s ­
contract, b at there was delay in awarding the contract tir
e n t e a r n in g s o th e p la n t, in c lu d in g t i e p ro p o s e d h y d r a n t re n ta ls , in
and it was claimed the new company was not prepared less t h a n tw e n ty -fly e y e a rs , a n d a fu n d s e t a p a r t fo r b e tte rm e n ts a n d
to supply the electricity required. Among those said to be im p r o v e m e n ts .
interested in the Kings County Company are Roswell P.
The company has 182 miles of mains and 7,70) consumers.
Flower, Anthony N. Brady, William Berri, Seth L. Keeney
Jo liet RR .—$200 000 Bonds Offered.—The Portland (Me.)
and Felix Campbell, President of the People's Trust Co.
Trust C ).,th e mortgage trustee, offers for sale at par and
Charles Cooper is a director.
$20 >,000 first consolidated mortgage 5 par cent gold
If this deal is successfully consummated, it will place the interest
bonds, dated April 3 >, 1898, due iu twenty y*»ars, without
Kings County Company in practically complete possession of option.
and interest payable in United States
the electric-ligh ing field of the borough of Brooklyn.—V. 66, gold coin.Principal
The following facts are given :
p. 1044.
T h e t o ta l a u th o riz e d m o rtg a g e Is $ 5 0 0 ,0 0 0 . of w h ic h $ 7 5 ,0 0 0 h a s
Duluth S treet Ry.—Receiver Appointed.—President L. b e e n r e s e r v e d to ta k e u p a n e q u a l a m o u n t o f 6 p e r c e n t b o n d s d u e in
Mendenhal' has been appointed receiver on application of 1904 $ 1 0 0 ,0 0 0 a d d itio n a l h a s also b e en re s e r v e d for f u tu r e im p r o v e ­
e n ts . Of th e b a la n c e ($325,0 0) $ 1 2 5 ,0 0 0 h a s b e en s >ld to p r iv a te
Thomas Lowry of Minneapolis, one of the stockholders and m
p a rtie s , le a v in g th e a b o v e $ 2 0 0 ,0 0 0 n o w offered o n th e m a rk e t. T h e
creditors. This move is said to be preparatory to reorganiza­ c a p ita l s to c k is $ *00,000. a m a jo rity o f w liiok is o w n e d by P o r tla n d
c a p ita lis ts . T h e re is n o flo a tin g d b t. T h e ro a d h a s a fra n c h is e fo r
tion.
fifty y e a rs. Tlie P r e s id e n t of th e R a ilro a d Co is W esto n F. M illlk en ;
Elyton (Land) Co. of Birm ingham , Ala.—Receiver Ap­ T r e a s u re r. H n r y P. C ox, a n d S e c re ta ry , E d w a rd W o o d m a n - a ll of
pointed.—The company, which developed B rmingham, P o rt a n d T h e le n g th of tr a c k is o v e r tw e n ty -o n e m ile s, m a k in g th e
ile.
Ala., and which still owns a great amount of property in b oTnhdee dg iod es bs talen dss nthe at ne a$r2n0in,0g0s0 apreer m
in c re a s in g (th e c u r r e n t n e t
that city, was not in a positioa to pay the interest on its e a r n in g s b e in g a b o u t 30 p e r o e n t o vraepr idthly
o s e of. 1*^97), so t h a t th e ro a d
$1,796,609 of 5 per cents on July 1, and F. M. Billing, a di­ is n o w e a r n in g n e t u p w a rd s of $ 4 0 ,0 0 0 a> y e a r. T h e in te r e s t c h a rg e s
rector, was therefore appointel receiver. President J. K. a re $20,75i>, o r a b o u t o n e h a lf o f th e n e t e a r n in g s .—V. 66, p . 9 i4.
McDonald has made a i-ta’ement, in which he says:
Kansas City Watkins & Gulf RR .—Meeting of Bond­
T h e c o m p a n y 's d iffic u ltie s d a te lm ck to th e o rig in a l is s u e o f $2,400,- holders July 12.—By virtue of a decree of the Court the
-OOO of te n y e a r 0 p e r c e n t d iv id e n d t r u s t b o n d s b y th e E ly to n L ana master appointed to ascertain what bonds are entitled to the
C o. in 1888 . T h e b o n d s w e re s e c u re d b y re a l e s ta te m o rtg a g e n o tes,

74

THE

C H R O N ICLE.

security of the mortgage of February 1st, 1890, will hold a
public meeting at the Farmers' Loan & Trust Co., 22 William
Street, New York, on Tuesday, July 12th, 1898, at 11 o’clock
a . m . Holders of bonds may present the same then, and
persons having objections to any bonds presented may then
make their objections.—V. 08, p. 520,
Kings County Elevated By. Co.—Quarterly.—Earnings
for the quarter and the nine months endiog March 3 i have
been report t&
g

( in s *

X et

O ther

In te r e s t,

e a t <in at. c u m i n as. In co m e. taxes, etc
M arch 3 1 $9,760
$460
1898............. ..$191,570 83M98
3,938 100,748
49.895
1897........ ..
9 m o n th s 1S97-8........... . .$341,111 $ >9,465 $7,151 $162,493
1898-7......... . 537,258 135,165 12.182 292,825

B a la n c e .
s u r . o r d e f.

fVoL. LXVII

o f b e e r w us r e s to r e d . T h u c o m p e titio n h i - alFeotod th e p ro f its of t h e
c o m p a n y a d v e r s e ly , a n d th e d ir e c to r s r e g r e t t h a t th e y m u s t f o r th e
p re s e n t p o s tp o n e p a y m e n t o f th o iu te rim d iv id e n d o n t h e p r e f e r e n c e
s h a re s , a hi oil Is u s u a lly d is tr ib u te d iu J u n e . W ith th e im p r o v e d s e ll­
in g p ric e p ro fits fo r In c r e m a in d e r o f th e y e a r , w h ic h e m b ra c e s th e
b e s t m o n th s fu r b e e r s a le s , s h o u ld ho s a tis f a c to r y , a n d th e d iv id e n d
d is trib u tio n w ill b o m a d e a t th e e a r lie s t p s s lb le m o m e n t. P ric e s o f
m a te ria ls w ill bo h ig h e r th is y e a r , b u t th e in c r e a s e d s a le w ill s o m e ­
w h a t o o u u ie r a e t th is . An a d d itio n a l w i r t a x of S I p e r b a r r e l h a s
b e en im p o se d o n b e e r , h u t i t la h e iio v e d -th a t t h e r e w ill h e n o d ifllo u lty
In ra is in g th e p ric e to m e e t th o t a x . —V. 67 , p . 29.

Milwaukee Electric Ry. Ji Light Co.—Injunction is
Served.—The permanent injunction restraining the city of

aur.$ 29,198 Milwaukee from attempting to place the 4 cent fare ordi­
del.46,915 nance in off-ct was served upon the city on July first. We
def.95.877 hear of no nnve to appeal the case.—V. 66, p. 1234.
del.145,178
Monongahela Street Ry. of P ittsb u rg .—Si,000,000 New

Loans and bills payable, $217,5 0, the same as on Jane 30.
—VY86. p. 953.
Kings Conuty T raction.—Nassau E lectric RR.—Suit
Discontinued.—The suit by Crowell Hadden, representing
the minority stockholders of the Kings County Traction Co.,
to enjoin the majority stockholders from disposing of the
stock, has been discontinned.
Sift’,—The directors of the Kings County Tractiou Co.,
pursuant to Section 57 of the SticK Corpication L w, will
sell at public auition, at the Nvw York Real E stite Sales­
room, No, 111 Broidway, N->w York, on July 14, 1898, the
assets of the company, as follows:
3 9 ,9 8 7 s h a r e s o f th ■ c a p ita s to c k o f th e A tla n tic A v e n u e R R . C o .,
o f B ro o k ly n , a m i o p tio n s u p o n th e re m a in in g 13 s h a r s s o f s a id o a p ita l
s to c k , a n d a lso o p tic s u p o n 9 s h a r e s o f th e c a p i ta l s to c k o f th e
B ro o k ly n B a th , t w e s t E u d R R . Co. A ll o f tile s > s h a r e s a n d o p tio n s
a r e now d e p o s ite d w ith th e O m l r ,1 T r u s t C
s u b je c t 1 i t h e te r m s o f
a n o p tio n a g re e m e n t, d a te d A p ril 4 , 1896 e x ec ra te d b e tw e e n th e
N a ss a u E le c tric U R a n d th e B ro o k ly n T r a c tio n Co., a n d a r e t o b e s o ld
s u b je c t th e re to .

This sale is prepara’orv to the windiug up of the com­
pany's affairs. —V*. 66, p. 900; V. 67, p, 29.
Lake Street Elevated RR. of Chicago.—Mortgage Trustee•
ship.—Judge Brown, of the United States Supreme Court,
has granted a stay on appeal of t»e Farmers' Loan & Trust
Co. from the decision of the Supreme Court of Illinois affirm­
ing the decision of Judge Payne, which held that the New
York corporation could not transact business in Illinois
unless a deposit of $20,000 was made.
Judge Payne’s decision was affirmed by the higher court
on the ground that in the case in question, th at of the tru s­
teeship of the mortgage issued by the Lake Street Elevated
Ry. Co,, the mortgage required the trustee to do business in
Illinois and that the Farmers’ Loan & Trust Co. could not do
business without making a deposit under the Illinois law.
Since Judge Payne’s decision the law has been changed, and
the mortgage trustees exempted, but this law was passed
after Judge Payne’s decision.—Y. 66, p. 1237.
M aryland T raction—Eckington & Soldiers’ Home Ry.
City x Suburban Ry. of W ashington.—Reorganization.—
Dew Bonds.—Judge Ritchie, in the Circuit Court July 1,
signed the final order authorizing the transfer to the Mary
land Traction Co. and the Baltimore Security & Trading Co.
of all of the property and franchises of the Columbia & Mary­
land Railway purchased by the Security Company at the
foreclosure sale.
Mr. Francis K. Carey gave the following explanation of
the plans of his clients for establishing trolley service from
Washington to Laurel and eventually to Catonsville and
Baltimore.
" O u r c lie n ts w ill n o w lie e n a b le d to c o n s u m m a te a ll t h e i r p la n s . T h e
M a r y la n d T r a c t! n Co. w ill sell to t h e B a ltim o re C o n s o lid a te I B y th e
lin e e x te n d in g fro m H o w a r d a n d S a r a to g a s tr e e ts , in B a ltim o re , to
E l lir o tt f i t y , h y w ay o f C a to n s v ille , a n d w ill s e ll to th e E c k in g to n A
S o ld ie r -1 H o m e R a ilw a y , o f th e D is tr ic t o f C o lu m b ia , tlie lin o o f r a il
w a y e x te n d in g fro m th e D is tr ic t lin e to L a u re l, T h e M a r y la n d T r a c ­
tio n Co. w ill c o n tin u e to o w n th e o th e r r a ilw a y f r a n c h is e s fo rm e rly
tu m b le A M a r y la n d R a ilw a y , w lilc h w ill a u th o riz e i t
to c o n n e c t L a u re l w ith th e ( ’a to n s v ille S h o r t L in e .
" T h e S e c u rity C o m p a n y w ill a t o n e s n n ta in p o s se ss io n o f th e s to c k s
a n d b o n d s o f th e S h o r t L in e , th e E o k tn g to n Ik S o ld ie rs ' H o m o a n d th e
M a r y la n d & W a s h in g to n ra ilw a y s .
U n d e r a n A c t o f C o n g re ss,
w h ic h w a s a p p ro v e d b y th e P r e s id e n t th is w e ek , th e E c k in g to n Com
p a n y w as a u th o riz e d to b u y th e p r o p e r ty a n d fra n o h ia o o f th e M a ry ­
la n d A W a s h in g to n C o., a n d the lin e o f r a ilw a y b e tw e e n th e D is tric t
H ue a d L a u re l, a n d to c h a n g e its n a m e to 'C ity & S u b u rb a n R a ilw a y
of W a-ld W on.' M ee tin g s o f s to c k h o ld e r s h a v e b e e n c a lle d lo r J u ly
1 4 t o c o n s u m m a te th o s e p u rc h a s e - a n d to u n ite th e th r e e lin e s u n d e r
o n e s y ste m . A t th e s a m e tim e th e is s u e o f b o n d s o f th e C ity & S u b ­
u r b a n H a llw a y Co, o f W a s h in g to n , w ill ho a u th o riz e d fo r this p u rp o s e
o f p r m Id lc g f u u d s fo r Hie im m e d ia te r e c o n s tr u c tio n a n d e q u ip m e n t of
th e s y ste m
" T h e L a u re l lin e w ill o n ly h e c o n s tr u c te d a n d o p e r a te d fo r th e
p re s e n t so fa r a - B erw y n , a s h o rt d is ta n c e n o r th o f t ly a tts v ille , b u t
th e e x te n s io n o f th o s y s te m to L a u re l In th e n e a r f u tu r e is c o n te m ­
p la te d . A s y n d ic a te h e a d e d hy th o B a ltim o re T r i s ' & G c a ra n te e Co ,
h a s u n d e r w ritte n th e e n tir e Issu e o f b o n d s a n d th o c o n s tr u c tio n cont r a c t s w ill h e g iv e n out: a t o nce. T h o u n d e rg ro u n d e le o trie sy ste m
w ill b e u s e d In W a s h in g to n C ity a n d th e o v e rh e a d tro lle y o v o r tlie r e s t
o f tb e lin e .
“ M r O . T. C ro sb y h a s ti- e n e le c te d P r e s id e n t o f th o W a s h in g to n
s y s te m , a n d t h e d ir e c to r s a r e M essrs. H e n ry A. P a r r . T h o s ,r. H a y ­
w a rd . H e n ry P. 9 o t t , R o b e r t 9. C a rs w e ll. D a v id M. N ow h o ld , W ICes
le y Schnelf, J o h n R td o u t an d R o b e rt C. D a v id s o n . T h e Cftty & S u b u r­
b a n H a llw a y o W a s h in g to n w ill o w n a n d o p e r a te a b o u t 26 m ile s of
r a ilw a y " —V. 66, p. 1OOO: 5’. 6 3 , 1>. 550.

Milwaukee & Chicago Breweries, Lim ited.—Official Cir­
cular an to Nun-Payment of Interim Dividend. —The stock­
holder? received substantially the following:

T h e s a le s fo r th e s i t m o n th s to M arch 3 1 ,1 8 9 8 , h a v e b e e n good,
a m o u n tin g to 2 7 3 ,7 0 6 b a r r e ls , c o m p a re d w ith 2 6 0 .4 0 3 b a r r e ls in th e
c o rre s p o n d in g p e rio d o f th e p re v io u s y e a r . In t h e e ig h t m o n th s t o
M ay 31 th e In c re a s e a in n u n te d to 19.9 3 3 b a r r e l- . T h e d is tu r b a n c e in
tro d o w h ic h c o m m e n c 'd In O c to b e r la s t lias b e en m o re s e v e re th a n
w a s a n tic ip a te d , trad c o n tin u e d u p to M ay 13 l a s t , w h e n th e s e llin g p ric e

Bond*.—An official says: “ This company has absorbed
the Hom*»atead & Highlands, the Braddock & Homestead
and the Braddock & Duquesne Street Ry. companies (the

latter road now being built) by an agreement of consolida­
tion or merger dated May 26, 1898. It is the intention of the
Monongahela Company to re-build the old lines and to build
the necessary new lines to form a continuous double track
road from the boroughs of Braddock, Duquesne and Home­
stead, passing through the boulevard ana park district of
Pittsburg and entering the business portion of that city by
virtue of a trackage agreement with the Consolidated Trac­
tion Co. When the road now under way is completed, the
company will own about seventeen miles of double track, in­
cluding branches, and will have, under its agreement with
the Consolidated Traction Co., five additional miles, making
a total length of road operated twenty two miles. The road
is to be improved throughout and fully T6 equipped with new
rolling stock. This work is now under way and is expected
to be completed early in September,
“ The White Traction Co. (or the McKeesport Duquesne &
Wilmerding Street Ry. Co.) has not been acquired.
“ Tne Monongahela Company has retired all of the under­
lying bonded indebtedness and capital stock of the com­
panies merged in it and ha? itself issued $1,000,000 of full
paid stock and has authorized a bonded indebtedness of
$1,000,000 The bonds are secured by a mortgage dated June
1, 1898, made to the Union Trust Co of Pittsburg, Pa., as
trustee. The bonds bear interest at the rate of 5 per cent per
annum, payable, free of tax, June 1 and Dec. 1 in each year,
and the principal is payable at the expiration of thirty years.
Both principal and interest are payable in gold.
“ The Monongahela Street Ry. Co. has no floating indebt­
edness, having $400,000 of bonds in the treasury for the com­
pletion of improvements now under way. The mortgage
provides for no sinking fund and provides for foreclosure in
case of default in p aymeut of any interest coupon for thirty
days. The Monongahela Street Railway Co. has guaranteed
no bonds of other companies, and the” mortgage above re­
ferred to is a first mortgage on all its properties.”
Messrs. T. Mellon & Sons, of Pittsburg arranged the con­
solidation.—V. 66, p. 900.
Muskegon Grand Rapids & Indiana RR.—Coupon Pay­
ment —Coupons due Jan. 1, 1896, are being paid at office of
Winslow, Lanier & Co., 17 Nassau Street.—V. 66, p. 426.
New England Telephone & Telegraph.—New Stock Au­
thorized.—The stockholders on Wednesday duly authorized
the proposed increase in the capital stock from $12,000,000 to
$15,000,000.—'V. 67, p. 29.
Newfoundland & T ransinsular R y.—F irst Train.—This
road, it is stated, is now open, the first through train having
run June 30, from St. Johns to Port Aux Bisques, 548 miles,
in twenty four hours. From the latt-r print the ferry
steamer 6 r u n takes passengers to Sydney, C. B., iu six hours,
connecting with the railway systems of Canada and the
United States. The service gives Newfoundland tri-weekly
connection with the American Continent.—V. 65, p. 729.
New York Susquehanna & Western RR.—Erie RR.—
Property Transferred.—Change of Officers.—The formal
transfer of the New York Susquehanna & Western to the
Erie took place July 1, the executive officers of the latter
taking the places of the Susquehanna executives, except that
F. P. Moore, now Second Vice-President and Treasurer o£
the Susquehanna, is retained with the title of Third VicePresident. E. D. McKelvey also remains as G-meral Superin­
tendent, and the other places are filled by Erie men. The
Susquehanna will continue to be operated separately, and
its passenger business will still come in by the Pennsyl­
vania terminals; but its freight and milk business will be
switched into Hie Erie yards. The coal traffic will, of course,
be kept- at the E igewater terminals, farther up the river,—
V. 66, p. 901.
Ohio Southern.—Sale Aug. 20.—The foreclosure sale is set
for Aug, 20. The sale will be under the first mortgage, of
which the Central Trust Co. is trustee.—V. 66, p. 1002.
People’s Gns Light & Coka.—Litigation.—As a m atter of
record, mention should be made of the two suits now pend­
ing against the company in the Circuit Court at Chicago.
One of these was brought by James Duane Livingston,
as bolder of $15,000 bonds. This suit seeks to review the
constitutionality of the recently enacted Illinois law, under
which the various gas properties were consolidated, to va­
cate the $40,000,0 0 mortgage of 1897 in so far as it applies to
the three constituent companies—the People’s, the Chicago
Gas Light & Coke and the Equitable—and incidentally to re-

J uly 9 levs, f

THE CHRONICLE.

strain further payment of dividends pending the determina
tion of the suit. Mr. Livingston’s New York attorneys are
Hawkins, Delafield & Sturgis, of 111 Broadway. The case
was filed before Judge Dunne on May 24, and depositions
from the plaintiffs were ordered to be furnished during the
^present month.
The other suit (or rather suits, each complainant having
filed a bill) was instituted June 25 by Maurice Steernbach,
Charles Steernbach and Abraham Hermann, New York im­
porters, who hold $42,000 in bonds of the Equitable Gas Light
& Coke Co. The complainants in thi3 instance seek to have
a receiver appointed for the corporation, to have the Act of
the Legislature under which the consolidation was formed
declared unconstitutional and to have the Central Trust Co.
of New York removed as trustee for having failed to make
the cash deposit required of trust companies doing business
in Illinois. The Ogden Gas Co. is made a defendant, the
bills declaring that through a secret arrangement the Ogden
company is a party to the monopoly and is about to turu
over its assets to the trust and become a member This case,
which was to have come before Judge Tuley on Monday,
was postponed, owing to the illness of the Judge.
The People’s company attaches no importance to these
suits, claiming they are of the same nature as much lit­
igation to which the properties concerned have been sub­
jected in the past.—Y. 66, p. 1238.
Peoria Decatnr & EvansTille Ry.—Default on Peoria
Firsts.—The non-payment of interest July first on the Peoria
division bonds completes a six months’ default, and under
the terms of the mortgage the principal can now be declared
due. It is stated that foreclosure proceedings will now be
pushed.—V. 66, p. 1234.
Philadelphia Reading & New England RR.—Foreclosure
Sale Oct. 6.—The foreclosure sale is advertised for Oct. 6 at
Poughkeepsie. The upset price is $2,140,000.—V. 66 p. 901.
Potomac Electric P o w e r , W ashington, D. C.—New Stock
and Bonds —The stockholders on June 29 voted to increase
the capital stock from $500,000 to $1,000,000, of which §250,000 to be 6 per cent voting non-cumulative preferred stock
and $75",000 shall be common stock, all in shares of $100
each. The company has also made a mortgage to the United
States Mortgage & Trust Co., as trustee, to secure $750,000 of
5 per cent $1,000 bonds, payable June 1, 1948. The deed
covers all the company’s property, rights and franchises.
The present liabilities amount to $380,000.
Pullm an's Palace Car Co.—Extra Cash D. vidend of iOPer
Cent.—The usual quarterly dividend of $2 per share from
net earnings has been declared and also a special cash divi­
dend of $20 per share, both payable Aug. 15 to stockholders
of record at close of business Aug. 1, 1898.
Fropi sed Stock Dividend of 50 Per Cent.—Dividend Rate.—
The board of directors recommend th at the surplus assets, to
the extent of $18,000,000, existing at the end of the current
fiscal year, should be distributed to the stockholders through
a stock dividend of 50 per cent, and that for that purpose
the capital stock should be increase! from $36,000,000 to
$54,000,000. They further recommend a reduction in the
dividend rate on the stock as increased from 8 per cent to 6
ger cent per annmp. At this latter rate the stockholder on
is increased holdings will receive annually in dividends an
amount equivalent to 9 per cent on his original stock.
The resolutions adopted by the board of directors at their
meeting July 1 were as follows :
R esolved, T h a t a q u a r te r ly d iv id e n d O o . 126) o f $ 2 p e r s h a re from
n e t e a r n in g s b e d e c la r e d p a y a b le o n a n d a f t e r A u g . 15 to s to c k h o ld e rs
o f r e c o r d a t c lo se o f b u s in e s s A u g . 1 ,1 8 9 8 .
R esolved, T h a t a s p e c ia l d iv id e n d o f $ 2 0 p e r s h a r e b e d e c la re d , p a y ­
a b le o n a n d a f t e r A u g . 15 to s to c k h o ld e r s a t c lo se o f b u sin ess
A u g . 1 ,1 8 9 8 .
Resolved, T h a t th e b o a rd o f d ire c to rs o f th i s o o m p a s y a re of
o p in io n t h a t s u rp lu s a s s e ts o f th is c o m p a n y to th e e x te n t o f $18,000,OOO e x is tin g a t th e en d o f th e c u r r e n t ilsoai y e a r s h o u ld ie d is trib u te d
to th e s to c k h o ld e rs o f th e c o m p a n y , a n d t h a t fo r s u c h p u rp o s e th e
c a p lia l s to c k o f th is c o m p o n y s h o u ld h e in c r e a s e d to th e su m of
$ 5 4 ,0 0 0 ,0 0 0 , a n d t h a t th e in c re a s e o f s to c k s h o u ld b e is s u e d to s h a re ­
h o ld e rs of th e c o m p a n y in th e r a tio o f o n e s h a r e fo r e a c h tw o h e ld by
th e m , a n d t h a t th e h o a rd o f d ire c to rs w ill re c o m m e n d a c tio n a c c o rd ­
in g ly to th e s to c k h o ld e rs o f t h c o m p a n y a t th e r e g u la r a n n u a l m e e t­
in g , to he h e ld o n th e 1 3 th d a y o f O c to b e r, A. D. 1898.
A n d R eso lved F u r th e r, T h a t th e b o a rd o f d ir e c to r s a re o f o p in io n
t h a t th e r e g u la r d iv id e n d s to b e th e r e a f t e r d e c la r e d o n th e o a p ita l
s to c k s h o u ld b e a t th e r a te o f 6 p e r c e n t p e r a n n u m .—V. 6 7 , p. 30.

Pullm an’s Palace Car.—r e u tra l T ransportation Co.—

Payment of Claim.—At Philadelphia, on July 2, in accordance

with the recent decision of the Supreme Court of the United
States, Judge Butler, in the United States Circuit Court,
made a decree directing the Pullman’s Palace Car Co. to pay
to the Central Transportation Co. $1,317,402 16, being_the
amount of $727,846 5", with interest from January 1, 1885, to
July 1, 1898, The Pullman Company thereupon paid to the
Central Transportation Co. three checks, aggregating the
full amount due. The costs, which are also to be paid by the
Pullman Company, have not yet been ascertained. It is un­
derstood that the Pullman Company is owner of a major­
ity of the stock of the Central Transportation Co., and
therefore will receive back a large share of the money paid
whenever the same is distributed. The Central Transporta
tion stockholders will meet July 18 to vote on a proposition
that the corporation be dissolved and its affairs wound up.
It is said that the assets will amount to about $28 a share.—
V. 67, p. 30; V. 66, p. 1141.
Otiebec Montgomery & Charlevoix (Electric) Ry-r"Ctoa '
solidation—New Bonds.— I he consolidation of the Quebec
Montgomery & Charlevoix Ry. and the Quebec District Ky

has been effected. The consolidated company was to have a
capital stock of $3,000,000, of which $2 000.000 is subscribed
° fdS t mo? ntlng t0 .500.000 to Messrs. Hau­
sen Bros., of Montreal, who have paid for some $1,150,000 of
the issue. The remaining $350,000 bonds will provide for the
equipment of additional lines with the electric system.
5^"
^ Belleville Electrio Ry.—Mortgage for $500 Off®.~ ~ ., company has made a mortgage for $5'0 0 >0 to
Breckinridge Jones, Vice-President of the Mississippi Valley
Trust Oo. ot .St. Louis, as Trustee, to secure a series of 5 ner
-n o r40!-6™ g0lu b°“ ds%250 o£ which are
«I.<KX> each ind
oOO for $o00 each. Work on the road from Belleville to the
Eads Bridge is being pushed, and by contract should be com­
pleted by Sept, la, 1-98. The company has also increased its
capital stock from $50,000 to $500,000. —V. 66, p. 83.
Southern Indiana Ry.—Evansville & Terre Haute—Cor­
rection—No Present Connection with Evansville & Terre
Haute.—The bonds of the old Evansville & Richmond were
mostly re ired with the preferred stock of the Evansville &
Terre Haute, and after the foreclosure sale a year ago it
was understood the stock of the successor company, the
Southern Indiana Ry., passed into the hands of, and we
supposed was now owned by, the Evansville & Terre Haute
Company. This was an error. The capital stock of the
Southern Indiana is all owned in Chicago, and the Evansville
& Terre Haute RR. Co. has no connection with the company
in any way. The remainder of last week’s item is correct,
having been obtained from the company’s officials.—Y. 67,
p. 30.
Suburban Traction Co. of Orange, N. J.—Orange & Pas­
saic Valley Ry. Co.—North Jersey Street Ry.—Sold—Suc­
cessor Company.—The property of the Suburban Traction
Co. of Orange, N. J., was sold on Wednesday under fore­
closure of the mortgage of 1893 and purchased for $100,000 by
Col. Charles A. Sterling, of East Orange. The purchase was
made for the Orange & Passaic Valley Ry. Co., which was
incorporated recently with an authorized capital stock of
$1,000,000 by Col. Sterling, A. B. Carleton, City Comptroller
of Elizabeth; John A. Ely, of New York; William Sheerer,
of Orange, and Thomas M. Moore and Oen. Bird W. Spencer,
of Passaic County. The new company, if not controlled by
the North Jersey Street Ry. interests, will at least be oper­
ated in harmony with that company. B M. Shanley, a di­
rector of the North Jersey Street Ry., is quoted as saying
that the Orange & Passaic Valley Co. plans the extension of
its line from Bloomfield to connect at Upper Montclair with
the road which the North Jersey is building from Montclair
to Passaic and south from Orange Valley to South Orange.
T ie $100! 00 purchase money will provide for $67,000 re­
ceiver's certificates, $8,000 interest on same and $25,(FO in costs
of court and lawyers’ fees. The new company, it is under­
stood, assumes the payment of $60,1 00 of first mortgage
bonds issued by the Orange & Bloomfield Crosstown Ry. Co.
and a guaranteed loan of $150,000 made upon the bonds of
1893.—V. 66, p. 1141.
Tarrytow n White Plains & Mamaroneck (Electric) Ry.
—This company, which is successor of the New York Elmsford & Whit® Plains Ry. Co., has completed its trolley road
from White PlaiDS to Mamaroneck, and therefore operates a
through line from Tarrytown on the Hudson River to Long
Island Sound. The company, it is said, will carry freight as
well as passengers. Extensions along Long Island Sound as
far east as the Connecticut line and west as far as New
Rochelle are projected.
Texas & Pacific RR.—Vicksburg Shreveport & Pacific
RR.—New Line to Replace Trackage—The Texas & Pacific is
building a new line from Waskom, Tex., to Reisor, La., 12
miles, which is to be used as a part of the main line instead
of the line heretofore leased of the Vicksburg Shreveport &
Pacific RR. Co. from State Line to Shreveport, La.—V. 66,
p. 1239 ; Y. 65, p. 618.
Traverse City RR.—Coupon Payment.—Coupons due July
1, 1897, are being paid at office of Winslow. Lanier & Co., 17
Nassau Street.—Y. 66, p. 84.
U niui Pacifle Lincoln & Colorado .—Foreclosure Sale.—
The Federal Court at Topeka, Kan., has entered a decree of
foreclosure.—V. 66, p. 473.
Union Passenger Depot Co. of Galveston.—New Mortgage.
—The company has made a mortgage to the Union Trust
Company of New York, tru-tee, to secure an issue of $100,000 of 6 per cent thirty-year gold bonds of $1,0 0 each. The
mortgage covers all the real and leasehold property now
owned or hereafter to be acquired. L. J. Polk is President
and A. C. Torbett, Secretary, of the Depot Company.
Union Term inal RR. Association.—Kansas City & At­
lantic.—Kansas City & N orthern Connecting RR.—New
Company.—The Union Terminal Association tile! articles of
incorporation in New Jersey. July 6. The authorized capital
stock is $5,000,00), but only $1,000 is paid in. 1he incorpor­
ators are I. R. Salmon and Courtlandt Parker, Jr., of New­
ark, N. J.; William H. Lee of Greenwood, Mass.; Vernon O.
Taylor of Rhode Island ; Francis E. Dana of Summit, N. J.,
and Stephen Saulsbury and T. C. Bates of Worcester, Mass.
The object of the company, it is said, is to’ purchase the stock
and franchises of the Kansas City & Atlantic RR. Co. and
other corporations in Missouri, and to build railroads,
wharves, canals and elevators. The road of the Kansas City
& Atlantic, extending from North Kansas City to nmithville,
Mo., 20 miles, was acquired in .January, 1897, by the Kansas

76

THE CHRONICLE.

—The United States Rubber Co. has declared a quarterly
dividend upon the preferred stock of 2 per cent from the net
earnings of the fiscal year aiding March 81, 1898. payable
July 30.
—Messrs. F, J. Lisman & Co. offer for sale, on a 5!.< per
cent basis, 1,000 shares of Atlanta & Charlotte Air Line
stock guaranteed by the Southern Ry. The Atlanta & Char­
lotte Air Line paid its dividends promptly throughout the
Richmond Terminal receivership, and the offering, as adver­
tised on page viii , appears to be a very attractive one.
—The sixth annual number of “ Pennsylvania Securities,'’
better known, perhaps, as the “ Philadelphia Red Book,” will
receive a hearty welcome from the large class of financial
men who have had occasion to consult the work iu the past
and who have been looking for the new edition io replace the
last, which was issued in 1895. The scope of the volume is
large, there being embraced in its 1,000 and odd pages de
ecriptions of the leading financial, industrial, coal and iron,
railroad, street railway, etc., etc., corporations located not
only in Philadelphia but in any part of Pennsylvania. The
volume, we are told, has undergone the mu t thorough and
painstaking.revision. J. B. Crittenden is the editor, and the
Securities Company, the “ Bourse,” Philadelphia, is the
publisher.
—“ American Street Railway Investments,” the financial
supplement of the “ Street Railway Journal,” contains in the
18s8 edition, ju st published, an interesting comparison of the
gross receipts for 1886 and 1897 of the principal American
street railway properties. 175 in number. It appears that
there are no less than 26 properties earning $1,000,000 or
more; 19 earning from $500,000 to $1,000,000; 46 earning from
$1‘ 0,000 to $500,000; while the remaining 84 earned less than
$10',000. The gross receipts of the first group, when com­
pared with 1893, show an increase of 2'2 per cent; the second
group a decrease of 041 per cent; the third group an increase
of 1 87 per cent, and the smaller systems but a slight vari
tioD. The entire 175 properties show sn increase in receipts
of T9 per cent in U97 as compared with 1896, This Supple­
ment contains much valuable information, and, as regards
companies included, is unquestionably the most complete
work of the kind published, as only a technical journal can
afford to give the space required to describe fully all the
very small as well as the many important street railway prop­
erties of the country.
—The statement of the condition of the Tradesmen’s Na­
tional Bank of this city at the commencement of business on
July first is given on another page of to day’s C h r o n ic l e .
The statement contains an interesting little table showing
the surplus and undivided profits and the denosits of the in­
stitution on July first in 1898 and in each of the three pre­
ceding vears. The present management took possession in
1695. The exhibit therefore marks the growth, je a r by year,
in the bank's business under the new regime. Iu 1895 the
surplus and undivided profits, according to the figures given,
were $29,754 : in 1898 they hail reached $142,985. In the same
period the deposits increased from about two millions to
$3,717,458. The Clinton Back was absorbed in February 1898.
The Tradesmen's Bank is a very old one, with a long dividend
history. Its management, however, ju st prior to 1895, when
the chance of control occurred, ap- oared to be a little anathetic. The figures since then speak for themselves. The
present management entertain the very laudable ambition of
desiring to lift the institution into the front rank of the
banks of this city, and at the rate of progress they have made
in the past three years they believe it will not take a very
great length of time to accomplish this result.

'IJ Iic

C o m m e r c ia l

C O M M E R C I A L

jin x e s .

E P I T O M E .

F kiday N ight . July 8, 1398.

The observance of a national holiday ou Mon lay an 1 the
fact that Saturday was also observed by many as a holiday
materially shortened the business ■week, tu many lines of
trade merchants were still busy taking an inventory of stock
and the volume of business transacted has b aea of only very
moderate proportions. The six months just closed have
generally baen spoken of as moderately prosperous, and as
the victories of the American forces the past week have been
such as to lead many to look for an early termination of the
war, a prosperous second half of the yew is generally antici­
pated. A feature of the week has been the passage by theSenate aud the signing by the Preaid“nt of the bill annexing
Hawaii to the United States. An enormous loss of life re ­
sulting from the sinking of a French liner in a collision in
mid-ocean has been a distressing occurrence of the week.
Crop accounts have been generally of a favorable nature, in­
dicating large yields.
___
____
J u n e 1.
1898

Sto cks o f M e r c h a n d is e .
P o n t...................................
L a r i .......................... -TobAGOO, dom i a t i o ---- ___m ids
Fobaooo, fo r e ig n .........
CtotTee, R io ......................
OotTee, »r,her................ .
Ooffee, J a v a , dec............ . ..mA*'’
3UKttr.................................
S u e a r............................... b a y s, &o
M olasses, fo re i; n ........
H id es................... .............. ..........No
O octon............................. . .. b a l e s
B o sio .......... .................... ........ b b is
S p irits t a r p e n t i r e ___ _
T a r ...................................
Kloa, E . I ........................ ___base.
RlOo, dO'TL-'W'iO ..........
_______
' vt epotrv.......................... . .. b a g s
f i m h rjtt* ........ .. . . . .
M an ila h e m p ___
..b a le s
bale*
Slaal lieixip..............
F lo o r.........................bhN St ttfloks

19.333
18,a t ;
14, 7*8
6,1 *0
5 2 3 .9 1 6
1 2 9 ,5 5 7
9 2 .2 * 5
3 ,2 0 5
3 “ 5.8 •9
N one.
19.8 ‘O
2 7 ,168
a .;m
6 ,5 0 >
8 00
N one,
3 ,2 0 »
N one.
7,951
i -tr 0
7 3 ,4 0 0

*■ *00 I
§§>
j

City & Northern Connecting RK.. and is now an integral part
of that company'.' line between Kaufas City and Paltonbnrg.
The Kansas City & Atlantic RR. Co., however, as successor
of the Kansas City Bridge A Terminal Co. (Willard E. Win­
ner s project) no doubt also had the right to build belt and
terminal lines and a railroad and carriage bridge at Kansas
City. - V. f t, p. 181; V. 06, p. 573.
Waco A North western tty.—Houston A Texas Central
R R.— P u t c h t t ' i C o n y l e l e d ——Wilbur F. Boyle, of St. Louis,
who purchased the Waco & Northwestern at foreclosure
sale three years ago. has paid the $1,403,000 remaining
due on his bid of $1,305,000. and at midn>ght dune 30
the property was turned over to the Houston & Texas
Central RR. Co., on whose behalf the bid was made. The
road extends from Bremond to Ross, Texas, 54 miles. Tilers
are $1,021,000 Waco A Northwestern 7s outstanding, and the
amount dne on each for principal and interest was about
$2,200. The purchase money paid provides for SI .760 4-1 per
bond and the balance remains as a claim against the earnings
in the hands of the Court and the land grant of 223.800 acres,
which was not conveyed by Mr. Boyle to the Houston &
Texas Central. It is not likely, however, the bonds will
receive the full amount due. See statement in V. 65, p 1025.
—V. 65, p. 1025; V. 06, p. 471.
Wisconsin Inland Lakes & Chicago Ry.—Mor/Qdge for
SlOOoo.OoO filed.—The company has made a mortgage for
$10,000,000 to William H. Holden, as trustee, to secure 30
year 5 per cent bonds. The company was incorporated Apiil
27, 1597, and its road is projected from Chicago northwest to
Rhinelander. Wis.. with branches to Malison and Milwaukee,
in all about 500 miles.

|V ol . LX\ II.

d u ly 1 ,
lo W

o2 9 5
1 ft. 42 7
. 5 74 i
4,72-8
5 10 ,2*5
1 1 8 ,1 6 >
1 2 7 ,k 2 2
8,109
4 8 8 ,9 6 4
N one.
3 i ,5 0
10 4 .4 6 1
c 3 ,4 » 5
1,367
1 .2 4
50,- 0 0
6 d0
N on*.
5 00 0
N one
7,9 *4
2 “ ,8 1-0
57 .1 0

15,1 o
1 9 361
1 1 . ’ 00
2 ,5 0 0
34 8 .2 0 3
1 5 7 .1 0 5
51.1666 ,7 2 4
2 ,1 2 5 .7 2 8
N one.
4< \600
H '1 ,0 7 1
2 3 ,9 9 2
l , u4 7
1,375
3 5 ,0 0 0
2 ,0 0 0
N one.
2 0 ,5 0 0
1,000
3 7 ,8 5 4
17,816
6 5 .9 0 0

Lard on rue spot has had only all mi ted sale, but as there has*
been no nressure to sell values have held steady, closing at
5‘70j . for prime Western and 4 75@4-80c, for prims City. Re­
fined lard has had a moderate sale and prices have a tvauce i,
closing at 6 03c. for refined for the Continent. There has
been a m ider.ately active speculation in the market for con­
tracts, and prices have advanced on bavin ; by pickers.
dailv ooosrxa mucus of lard Ftmtsus.
S al.

Von.

Tues.

Wed.

Than.

F r i.

July delivery..............o. El'd'y Il’d'y 5-51 5-60 o-77
5‘7Z
Pork has been in moderately active demand an l firm at
$L0@10 50 for mess. Cat meats hav» baen quiet but steady.
Tallow has been steady at 3 3 16c. C ittoa-seei oil has de­
clined to 23c. Butter closed steady. Cheese li is been easier.
Fresh eggs have been steady.
Brazil grades of coffee had a slightly better sale in a job­
bing way and the deal in invoices ha? been moderately
active, but at slightly Lower prices, closing at 61' •„ for Rio.
No. 7 on the spot. West India growths have had a fair call
for desirable grades and steady prices have been paid, closing
at 8>£c. for good ©acuta. East Iudia growths have been dull
but steady at 24%@35o. for standard Java. S p o lia tio n in
the market for contracts has been quiet, but on limited buy­
ing and in the absence of aggressive selling prices have ad­
vanced slightly. Following are the tiu il asking prices.
J u ly ......................... 5-tiOo. I O o t ....................... 5 c Oo IJ a n . .................... 5 '9 0 «
A ug ......................... 5-fl5o. N o v ............. ......... r>•-•()« I M a r ......... ............. «-00o

Sept................. 5-750. 1Deo................. 5'85e. IMay.................d-.Oo
Raw sugars have had a moderate sale, b i t at a decline of
igc. in prices, closing steady at A'fo. for centrifugals, 9o-Jeg.
test, and 3J£o. for muscovado, 89-deg, test. Refined sugar
has had a slightly better sale at unchanged prices, closing at
5%c. for granulated. Refiners have continued their guar­
anty of prices. Spices firm ami pepper has advanced.
Kentucky tobacco has had a moderate sale, and firm prices
have been paid. Seed leaf tobacco hat been quiet but stead-.
Sales for the week were 1.715 cases; also 500 biiles H waoa,87c.
to$l 05 in bond, and 180 bales Sumatra at 75c. to$l 85 in bond.
Straits tin has been in fairly active demand and prices have
again advanced in response to stronger foreign advices,
closing at 15-75@15-Soc. logot copper has had a moderate
sale for forward deliveries, but as offerings have been fairly
free prices have weakened slightly, closing at
for Luke. Lead has had a moderate call aipl prices have ad­
vanced to l'05@440c. for domestic. Spelter has been quiet
and prices quoted ranged from 4 00(55-10e. for domestic. P ig
iron quiet and easy, closing at $9 75@11 50 for domestic.
Refined petroleum has been steady, closing at 6’25c. in
bbis., 8'75c. in bulk and 6-90c. in cases; naphtha quiet at
5’50c. Crude certificates have been quiet, clo-ing at 92J^c,;
credit balances have been unchanged at 92c. Spirits turpen­
tine has sold slowly, and prices have weakened to 28@30J£c,
Rosin has been quiet and unchanged at $1 40@$i 45 for com­
mon and good strained. Wool has been (firm but quiet.
Hops have been quiet but steady.

THE CHRONICLE.

J uly 9. 1898 ]
C

O

T T O

N

.

July 8, 1898,
T h e M o v e m e n t o f t h e C r o p , as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 9,989 bales,
against 19,894 bales last week and 15,133 bales the previous
w e e k , making the total receipts since the 1st of Sept., 1897,
8,572,146 bales, against 6,868,417 bales for the same period of
1896-7, showing an increase since Sep. 1,1897, of 1,955,729 bales.
F r id a y N ig h t ,

R e c e ip ts

486
40

679

1.101

local.

332

55

632

570
4

553
16

766
4

444
7

3.508
71

145

455

7

55

662

..........

3

1

3

200
.....
139

585
......

640
......

389
......

579

2.1P6

5

2
3
11

12
3
15

133

169
73
297
209
358
6

1,634
73
1,186
1,594
358
191

2 ,4 6 6

1.689

9.989

52

T o t. th is w eek

F ri.

192

53

G a lv e s to n ...
T e x . C ity , &c
N e w O rle a n s ..
M o b ile ..............
F lo r id a ..............
B a v a n n a h ........
B ru n s w ’k,<feo
C h a r le s to n .
P t. R o y a l, &o
W ilm in g to n ...
W a s h ’to n , &c
N o r f o l k ___
N’P ’t N e w s, Ac
N ew Y o r k ___
B o s to n ..............
B a l tim o r e ----P h ila d e l’a , Ac.

T h u rs.

Wed.

Tues.

a t—

1.37611 1,161

The f o l l o w i n g s h o w s t h e w e e k ’s t o t a l r e c e i p t s , t h e t o t a l s i n c e
Sept. 1 ,1 8 9 7 , a n d t h e s t o c k t o - n i g h t , c o m p a r e d w i t h l a s t y e a r .
R e c e ip ts to
J u l y 8.

1 8 9 7 -9 8 .
S in c e Sep.
1 ,1 8 9 7 .

T h is
w eek.

Stock.

18 9 6 -9 7 .
T h is
w eek.

S in c e Sep.
1, 1896.

G a lv e s to n ...
T e x . C.,<fee.
N ew O rle a n s
M o b ile ..........
F lo r id a ..........
S a v a n n a h ...
B r ’w ick.A o.
C h a r le s to n ..
P .R o y a l,A c .
W ilm in g to n .
W a s h ’n , A c.
N o r f o l k ........
N ’p o r t N ., Ac
N e w Y o rk ...
B o s t o n .........
B a l tim o r e . .
P h ila d e l. Ac.

632 1 ,905,0 :0
98 ,0 3 1
3,5 0 8 2 ,6 6 2 ,8 3 7
71 3 6 1 .8 4 1
1 1 8 ,4 3 3
662 1 ,1 8 6 ,31 2
2 6 9 ,2 2 0
12 4 7 0 ,1 0 2
3
75,87 7
15 3 2 3 ,6 5 4
1,2 8 0
1,681 5 7 4 ,0 6 8
73
2 5 ,3 7 1
1 ,1 8 6 1 2 0 ,1 4 6
1,594
2 2 2 ,131
7 5 ,1 4 0
358
8 2 ,0 3 3
191

333 1 ,3 1 0 ,3 5 1
1 1 2 ,7 5 1
1,455 2 ,0 6 9 ,1 8 2
63 2 9 1 ,3 3 7
8 8 .5 2 5
595 8 3 9 .9 8 5
1 7 7 ,2 6 6
..........
16 3 9 8 ,3 1 3
7 3 ,5 9 5
3 2 3 4 ,4 6 6
857
49 7 0 3 ,5 6 3
18,611
4 8 ,5 7 5
1
83B 1 5 9 ,7 5 4
6 2 ,9 4 6
634
4 6 ,3 4 0
995

T o t a ls ........

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

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

......

1898.

1897.

2 0 ,1 0 0

5,996

1 0 1 ,0 3 7
4,1 7 8

23,155
2,374

11,031
2,1 6 9
6 ,7 6 0

10,6 L9
1,317
16,663

6,7 1 3

2,023

1 6 ,6 6 9
2
1 0 1 ,5 9 2
6 .8 0 0
13,6 1 5
8,9 3 3

1,456
91,494
7,09
5,302
3.673

2 9 9 ,5 9 9

171.070

I n o r d e r t h a t c o m p a r i s o n m a y b e m a d e w ith other years,
w e g i v e b e l o w t h e t o t a l s a t l e a d i n g p o r t s f o r six seasons.
R e c e ip ts a t —

1898.

18 97 .

18 9 6 .

I 18 9 5 .

1894.

77

In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard not
cleared, at the ports named. We add similar figures for
New York, which are prepared for our special use by Messrs,
Lambert & Barrows, Produce Exchange Building.
ON SHIPBOARD, NOT CLEARED FOR—
J u ly 8 at

G reat
O ther
B r ita in . F rance. F oreign

632
3,5 0 8
71
662|
15

335
1,4 5 5
63
595
16
3
49

376|
2 ,4 1 5
10
488
64
13
3 26
124!
6711

270
2 ,0 9 9
o

N one.
N one.
N one.
N one.
N one.
N one.
N one.
N one.

1 3 ,407
N one.
N one.
N one.
N one.
800
900
3,500

N one.
N one.
N one.
30 0
N one.
3,500
N one.
N one.

15,652
4,111
N one.
300
N one.
4,300
1,800
7 ,0 0 0

8 5 ,3 8 7
15,989
11.031
6,460
4,178
1 2 ,369
9 9 ,792
31,232

T o ta l 1 8 9 8 ...

10.756

H one.

18,607

3.800

33,163

266,438

T o ta l 1 8 9 7 ...
T o ta l 1 8 9 6 ...

4,011
13,829

275
1,393

6,965
13,018

864
1,050

12,115
2 9 ,290

158,955
198,884

Speculation in cotton for future delivery the past week has
been exceptionally dull, the observance of holidays on Sat­
urday and Monday serving to further restrict general inter­
est in the market for the week under review. Both regular
and outside operators have continued to hold back from
making new ventures, as the favorable crop accounts received
from the South from both public and private sources, to­
gether with the abseace of demand for actual cotton, has
served to hold buyers in check. Still, as the crop
is by no means assured there has been as little dis­
position shown to sell as there has been to buy. Con­
sequently operations have been confined almost exclusively
to scalping transactions by room traders and changes in
prices have been slight, although on Thursday selling by
tired longs to liquidate their accounts in August depressed
prices a few points for this month. Foreign advices have
reported fully as quiet markets in Europe as at this centre;
in fact the general cotton world appears to be waiting for
some developments which shall give the market a turn one
way or the other and in the meantime is doing practically
nothing. To day there was a quiet market and prices weak­
ened slightly for August delivery under continued selling by
longs to liquidate their accounts. The close was barely
steady, with prices 3 points lower for this crop and 1 point
lower to 1 point higher for the next crop. Cotton on the
spot has sold slowly, and on Thursday prices declined l-16c.
To day the market was dull and unchanged at 6 3-16c. for
middling uplands.
The rates on and off middling, as established Nov. 17, 1897,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
1 on
F a ir ........................................... o.
M id d lin g F a i r .............................G ib on
S tr io t G o o d M id d lin g ............
^8on
G ood M id d lin g .........................
H on
S tr ic t L ow M id d lin g .............. s i 6 off
L ow M id d lin g ........ .............. i j s o f f
S tr ic t G o o d O r d in a r y ............ 7s off

G ood O rd in a r y ...................o.
G ood M id d lin g T in g e d ........
S tr io t M idd lin g S ta in e d ___
M id d lin g S ta in e d ...................
S tr ic t Low M id. S ta in e d ...
L o w M id d lin g S ta in e d ........

Exported to—
Great
Conti­ lotaL
France
Brit’n.
nent. Week.
.........
Galveston......
Tex. City, Ac.. .......
4,805
New Orleans.
5,371 10,079
Mobile............
Pensacola......
Savannah.......
Brunswick..,
Charleston—
031
Oil
Port Royal —
Wilmington..
........
Norfolk..........
N port N.. Jkj..
New York —
431 ".4*6 8,710
........
i.m
200 1,622
15i
101
1
60
Baltimore__
Philadelphia .
75
75
San Fran., Ac
Export*
from —

T o t a l.,......

7,0.>0

Total. 1*90-07.

5.61*

481 13,131 21,271
5>8fl,0'57
1.145 4.735 U.itllT 2.997.68ll09 4.600 2.194,780

1 '4 off
Even
133 oft
7,6 off
l i e off
off

On this basis the official prices for a few of the grades fo r
the past week—July 2 to July 8—would be as follows.

1893.

*" Exported to—
Great Francr Conti­
Total
nent.
B ritain
758,147 299,362 435,775 1.403,284
24,785 34.013
1,109,703 421,071 787.083 2.317.919
73,574 227,9; 5
154,401
39,535 113,423
73.888
73,740 32,517 627,021 783,908
87,113 244.384
157,249 .......
236,213 32 1.330
81,123
8,500 00,334
57,831
180,307 29“,050
117,(589
32,903 97,314
61,5451
19.405
. 5,775
20*
13,400
099.534
301,691
345,951 51,833
0,130 307.172
301,042
02,112 6,0 JO 119,085 210 817
1.620 17.584
15.904 ........
133,703
9.53?
3,439.165 810,093 3.102,223 7.351,471

L e a v in g
stoek.

2,245
4,111
N one.
N one.
N one.
N one.
9 00
3,5 0 0

M on T e e s W ed

976
1,416
40
1,574
287
53
396
101
1,034

The exports for the week ending this evening reach a total
of 21,271 bales, of which 7,05 i were to Great Britain, 4S1
to France and 13,114 to the rest of the Continent. Below
a r e the exports for the week and since Sent. 1, 1897.

Total.

New O r le a n s ...
G a lv e s to n ..........
S a v a n n a h ..........
C h a r le s to n ........
M o b ile ................
N o rfo lk ...............
N ew Y o rk ..........
O th e r p o r ta ___

S a t.
U PLA N D S.
792
7,751
n
27 M iddling
G ood M i d d l i n g .............................
1,360 M iddling F a ir " ..............................
in
a
929
lu i
S a t.
G U LF.
77
13
U
1,747
951
1.6 5 4
49 >
145
73!
'd
a
2,089
3,1 0 2
2 ,4 6 6 |
3,3291
a
M iddling F a ir " ...............................
T o t. th is w k J
9,989:
4,9 8 2
4,487l
5 ,8 6 6
5,9 1 0
15,762
S a t.
S T A IN E D .
B lnoe B ept. 1 8 5 7 2 ,1 4 6 6 6 6 6 ,4 1 7 1 5 1 9 1 ,6 9 5 i7 S 5 0 ,8 ia ;5 9 9 9 .6 S ri,5026,458

G a lv e a ’n.A o.
N e w O rle a n s
M o b ile ...........
S a v a n n a h ...
G h a a 'to n , Ao.
W ilin ’to n , Ac
N o r f o lk .........I
N . N e w s, A oJ
All o t h e r s .. .!

Coast­
w ise.

S tr ic t M id d lin g ..............................
G ood M id d lin g T in g e d ...............

5
513,,
6%
6*2
6*5,*

c3
a

5
5l3 le
6%
6^
6 '“,8

M on T u es W ed
5%
61,8
6%
6%
73,

d
a

H oiiday.

H oliday.

41%6 4 61S.
5%
5%
0 ' l 6 0%6
67, 3
6%
67s
T il.

F r» .

5%
5 3ia
61 i« 6
6*2
6 7,a
6 % J 5 i ', 6
73t « 71s

M on T u e s W ed
4=8
513lf
613*
6%

F ri.

Th.

5%e
6
6U 1S
7%

Th.

F ri.

49,8
53*
53l32
63,«

4 9i«
53*
53133
63.„

4%
51%,
61.13
6%

The quotations for middling upland at New York on
July 8 for each of the past 32 years have been as follows.
-----1 8 7 4 — c.17%
1-----8 8 2 . ..0.1215,8
1 8 9 8 . . . . 0. 6318 1 8 9 0 . ___ 0 . l l l ^ j g
1 8 7 3 ......... 21
188 L..
1889. ....1 1 3 .8
1897 .......... 7 7s
1 8 7 2 ......... 25
1 8 8 0 ..
1888. ....1 0 5 ,8
1 8 9 6 .......... 77ia
1
8 7 1 .......... 21%
. . . . 12%
1
8
7
9
..
.
.
.
.
1
0
5
i
a
18
8
7
.
L895----73,8
1 8 7 0 .......... 20%
1 8 7 8 .. ....1 1 1 ,6
1886. . . . . 9^2
1 8 9 4 .......... 7%
1
8
6 9 .......... 31%
1
8
7
7
..
.
.
.
.
12%
.
.
.
.
10
^2
18 8 5 .
1 8 9 3 .......... 8
1 8 6 8 .......... 32%
1 8 7 6 .. . ...1 1 %
1884. ....1 1 1 ,8
1 8 9 2 .......... 73,8
1
8
6 7 ......... 26
....1
5
3
8
1
8
7
5
..
1883. ....1 0 1 8
1 8 9 1 .......... 83s
N oth .—O n O ct. 1, 1874, g ra d e s o f c o tto n a s q u o te d w e re c h a n g e d .
A c co rd in g to th e n e w c la ss ific a tio n M id d lin g w as on t h a t d a y q u o te d
*80. lo w e r th a n M id d lin g o f th e o ld c la ss ific a tio n .
MARKET AND SALES.
SALES OF 8POT AND CONTRACT.
SPOT MARKET
CLOSED.
S a t’d a y ..
M onday.
T u e sd ay
W ed’d a y
Fh’d a y ..
F r id a y ..
T o ta l..

E x­
p o r t.

Total.

S ales o f
F u tu re s.

..H o l i d a y s.

? ............................
Q u ie t A s te a d y .
v c ry d u ll . ........
V ery d u ll, Jie dc.
E a s y .....................

Con- Spec- C on­
s u m p . u V V n tract.

32 5

757

1,300
480
600
1,082

325

837

.... 2,300 3,462

"80

1,300
400
600

3 6 ,800
2*»,300
30,300
5 4 ,200
1 46,600

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M ovem ent to J u l y 8. 1898.
R e c e ip ts.
J
S h ip m ’ts S to c k
T h is
T h is
S in c e
J u l y 8.
w eek. S e p t.1 ,’97. w eek

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tl
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^ •
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C in c in n a ti, O h i o ..............
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2<«i
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’ ~33«® *g
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s
,
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'
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s g f ilg g
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S S a S fig
° '"o 'H
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A u g u s t.

JT* r-lJ-«r pm

£ 8

S e p te m b e r.

O ctoter.

P R IO R S
N ovem ber.

J iiJy 2 8 *le», t o t a l ...............
P ric e # p a id (r a n g e )
C lo s in g ..................... .

S IfV

SALES

D ecs wi der.

OE F U T U R E S F O R
J a n u a ry.

F eb ru a ry.

RACE

2 1 ,8 9 4
16 L,125
8 5 ,7 9 2
36,473
2 0 2 ,4 2 0
3 9 ,4 1 2
8 9 ,606
2 0 7 ,2b9
3 69,851
6 4 ,773
7 2 ,1 8 3
6 5 ,2 6 2
8 ,8 6 9
1 57,583
5 9 ,518
8 8 ,530
4 0 .467
8 5 ,8 4 6
9 3 ,2 3 2
9 7 ,212
8 8 6 ,1 7 3
2 5 ,7 0 8
2 6 .4 6 4
2 8 0 ,0 8 6
1 6 .333
6 8 2 ,9 0 3
3 7 ,2 6 0
5 0 ,8 8 4
1 2 3 .3 5 5
1 ,7 4 6 ,6 7 5
8 9 ,5 3 9

7
10
23
4
20

^ p .. O

IOiHCOOOCOOO ■
01

D H L7
J u ly .

t ' d o < 3 « 0 '0
2 -2 -^
3 S f * s |w
2
« 2 t' 2 X S « 5 'S '® 13
n fle M

43
187
3 05
19
4
81
1
67
96
45
33
6
1,445
76
248
1,198
24
693
164
1,069

5,8 6 8 6 ,0 6 2 ,7 2 3

10
19
4
200
1,080
346
1,747
78
32
1,0 9 4
1
780
6
231
6
2 ,9 8 0
76
333
1,035
24
1,982
100
100
1,768

M ovem ent to J u l y 9 , 1897.
R eceipts,
S h ip m ’ts Sto ck
T h is
S in c e
T h is
w eek. Sept. 1 /9 6 . w eek. J u l y 9.

431
1,455
1,208
1,5 L0
7,542
1,385
1,7 50
5 24 !
18,709
2,461
3,8 6 2
1.610
407
6 ,3 9 0
381
1,119
3,221
5,0 2 5
5,568
2 ,3 9 2
3 4 ,323

4
16
8
3
1
37
21
4
170
68
39
3
5

......

1,943
27
34
1,7 6 9
90
917
70

......

617
1 0 ,1 7 0
2 7 ,5 6 2
1,578
392
33
8,769

458
3 20

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

6,0 0 7 4 ,4 4 8 .2 2 0
*^ £2
es .U o
°S . 3
* . s'
a® !a ®
~
4-3 b
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fc>3_
g-=3^ a
©
0
© ts- 0JS
- ®

M O NTE.

M a rc h .

A p r il.

M ay.

June.

H O L ID A Y S

S a le s, t o t a l _____
P rio e s p a id (r a n g e )
C l o s i n g .. .. . ............
W e d n 'd ’y , J u l y « S a le s, t o t a l .............
) P r ic e s p a id ( r a n g e )
C lo s in g ..............
T h u rsd ay , J u ly 71 S a le s, t o t a l — , .
Ehrloes p a id (r a n g e )
i C l o s i n g .. .. ..........

S teadier.
3(J,S00
ft'9 8 '0 8 1 4
S te a d y .

3 0 .3 0 0
I5-9B« 8- U
D u ll.

200
0*10

6*10 A v ’ge. 6*07 A v ’ge. 5*99 A v ’g e .. 6*01 A v ’g e . 6 0 0 A v ’ge. 6 0 S A v’g e .. 6*06 A v’g e . -------- A v ’g e .. 6 T 4 A v ’g e .. 6*14 A v 'g e -.6.5 0 0
1,900
2(0
6 00
7 ,6 0 0
500
300
12,300
— 3
6*11® 6*14 6*14® —
6 * 0 9 3 6*10 6 * 0 4 3 6*11 5*98 3 6*00 6*003 6*04 5* 9 8 3 0 01 6*01*3 6*05 6*04*3 6*08 — *3 —
6*
0
1
6*02
5
*
9
8
5*09
6
*
1
5
6*17
6
*
1
2
6*13
6
*
0
8
6*10
6 * 0 5 - 6*06
6 * 1 3 - 6 04 0 * 0 4 - 6*05 5 * 9 7 - 5*98 6*0 0 - 6*01

A v 'g e .

400

A V g e .. 3 90 A v ’g e .. 6 02 A v’g e .. 5*98 A v ’g e .. 6 0 0 A v ’g e .. 5*99 A v’g e .. 0*02 A v ’g e .. 6*05 A v ’g e ..-------- A v ’g e .. 6*11 A v ’g e ..-------- A v 'g e .. ~
Q u ie t.
j P rtd a y , J u ly 8 —
12,500
3 ,8 0 0
1,100
3 ,8 0 0
10,0 00
1,900
2 0 ,9 0 0
200
5 4 ,2 0 0
I B ales, t o ta l..........
—
6 * 1 0 3 6*13 —
6 0 1 3 0*05 5* 9 6 3 5*98 5*99® 6*01 5*97® 6*00 6 0 0 3 6*02 6*04*3 6*06 — « —
1 P rio e s p a id (ra n g e ) 5 -8 0 * 6*13 5 * 0 9 3 —
B ’riy s te a d y . 6 U 0 - 6*01 6 0 1 - 0*02 3 * 9 8 - 5*99 5 * 9 9 - 6*00 5 * 9 8 - 5*99 6 * 0 1 - 6*02 0 * 0 4 - 6*05 6 * 0 8 - 6*09 6 *11 - 6*12 6*14— 6*16
C lo s in g .................
3

CO

t-

T o tal s a le s th is w e ek
a v e r a g e p ric e , w eek

1 4 8 ,8 0 0

B ales e ln o e S ep , X,'97*

2 3 ,7 0 3 ,7 0 0

1,3 0 0
6*07

5 2 ,3 0 0
6*07

3 ,1 0 0
5*99

3 2 ,0 0 0
6*00

4,3 0 0
5*09

11,100

1 ,1 5 4 ,3 0 0

3 ,8 7 8 ,0 0 0

2 9 0 ,4 0 0

1 ,1 4 9 ,7 0 0

2 1 0 ,0 0 0

2 3 9 ,9 0 0

6*02

214
25
1,4 3 7
291
27
201
461
7
85
79
412
____
6,102
27
63
1,961
90
4,907
70
65

2 7 ,0 0 0
0*05

4 ,9 0 0
6*09

6*12

9,6 0 0

200
6*14

5 3 1 ,5 0 0

1 1 ,7 0 0

5 7 ,9 0 0

2,9 0 0

A v ’g e . .

A v’g e ..—

3

—

84
251
182
2 88
68
4 79
132
4-7
1,208
5 39
18
2 92
134
1,178
86
SCO
1 25
984
3,7 0 5
850
1 3 ,085
....
318
2,780
120
1 0 ,9 0 0
1 ,0 2 5
147

1 79
320

1,528

1 7 ,1 3 4

41,353

> •- U
©© ® u X ©
a -* s = « ta

S g S =<) a

S p S S i .2
©> u p « u
O p ©Cl4— O
•305z;co „ ©OD
.. 5- c © .p
o c c e ^
§ ^ .3 ^ 3

-o-© !ac
© rt ts * I 5? ® feet* «
a® o°
« S . ut
2 §Sa
® S y j s ® e |« s * g s
> 4f £ M • - 2 C 3 § -

A v ’g e ..-

6 10 A v ’g e .. 6*11 A r ’g e . . 6 00 A v ’g e .. 6*01 A v ’g e .. 5*99 A v ’g e .. 6*00 A v ’g e .. 6*05 A v ’g e .. 6*10 A v 'g e .. 6 T 2
3 ,4 u 0
3 ,1 0 0
1,800
2,000
5 .5 0 0
7 .7 0 0
80 0
12,000
—
a
6*07 3 0*11 5* 9 8 3 6*00 5*993 6 03 5 * 9 8 3 6*01 6*00 3 6*01 6 * 0 3 3 6*07 6 * 0 8 3 6*11 6*11® 6*13
6 * 0 8 - 0*10 6 * 0 9 - 6*10 5 * 9 8 - 5*99 5 * 9 9 - 6*00 5*97— 5*98 6*0 0 - 6 01 6 03 3 6*04 6 * 0 7 - 6*08 6 *1 0 — 6*11

A v 'g e .

A v ’g e ..A.v’g e .. 6 '0 S A v ’g e .. 6*09 A v’g e .. 5*99 A v ’g e .. 6*00 A v ’g e .. 5*99 A v ’g e .. 6*02 A v ’g e .. 6 0 4 A v ’g e .. 6*08 A v ’g e .. 6*11 A v ’g e .. D u ll.
1,5 0 0
3,1 0 0
2,000
800
6.7 0 0
3,3 0 0
100
7 ,1 0 0
700
2 5 .3 0 0
— a"
—
®
—
6 0 0 ® 6*02 5*993 6 00 6*003 6*03 6 * 0 4 3 6*06 6*0 8 3 6 09 6* 1 1 3 —
ft'ODd 0-11 — a 6*08 6 08-3 6*11 3* 9 9 3 —
6 00 - 6*01 5 * 0 8 - 5*99 6 *0 1 - 6*02 0 * 0 4 - 6 05 6 * 0 8 - 6*09 6*11— 6*12 6 * 1 5 - 6*16
5*99- —
8 0 7 - 6 08 6 * 0 8 - D u ll.

E asier.

17
21
73

a2c? ©-§2
5 ~
-*
d r®
H {J ^ rt . C 'l E g t o
S f H o t* '

M o n d ay , J u l y 1 —
S a le s , t o t a l ...............
P rio e s p a id (ra n g e )
C lo sin g .......................

T u esd ay , Ju ly 5 —

1 5 ,501
128,773
6 9 ,199
5 0 , 5 '6
8 8 .846
32,4 24
5 6 ,6 7 4
1 31,138
2 8 2 ,7 7 2
4 5 ,231
6 0 ,909
6 3 ,139
8,1 8 6
1 03,220
34,687
5 7 ,5 8 0
4 1 ,489
6 4 ,0 5 9
8 1 .3 1 2
5 9 ,6 9 2
5 4 7 .3 9 5
2 3 .297
2 7 ,0 4 8
3 0 5 ,6 7 1
1 6 ,4 4 7
560.4 89
27,813
5 4 ,043
5 2 .6 6 0
1 ,3 1 8 ,8 4 7
3 8 ,5 0 3

3 - ° £
“ oak*
2 ® s® |o 'S § S ®
X. ^
a
t. | n f 2 e J l
M •1 ■ f g | ® . S 2 .
£ «
, >v * CCrvj
o © © a £—©t© i«-s u•->j ~;
*
5 ^ ti 2
3 <*£ S
— © - ra l l s '0
©X3 d o
(© 8" ®
fc, t * S s S
3 O
i 'S s
fC ■o*^
M© ©
tsC

i i f i l p
—
n
©
”3
©
*n
cs
a
3
®
J5
_
©
>
Je

c o o 2 °»
o C o c ®0
10 ^ JO ^ ^
jijS n a E E
© o*5 © 00
K M P Mw H
©CO©©©
5 S 5 -S 3 3
TSnj-d’ci'J'ci
a o a © a G.
O - <O O o ©
- * - *
— ---------j j s ' v .tis
J© 3 5f PW d O

“ SS£ |8 s
cer
.
6 o ®a «
8 s sg -s s !
" o o re o g
2 °^ - s-«
° -^2 2 S
pM W

1 s ||s s a

S ® ggv® »
£ SSSSS2

- 3 o H. o '° . <l 2 2 H i i t i
♦ o m «© 5 p i-4 rtwYislfflMM
OoOHsrHvi^-*

- i nS I S•

J u l y 9, ’ 8'-*° ’
Q u o t a t io n s

fo b

c h r o n ic l e .

the
M id d l i n g C o tto n

ai

O t h e r M ai

rets

79

—

has ranged from 70 to 98, averaging 84. June rain­
Below are closing quotations of middling cotton at Southern mometer
fall, two inches and sixty-five hundredths.
“
and other principal cotton markets for each day of the week.
Columbia, Texas. Farm work is well advanced. There
If eel; e n d in g
J u l y 8.
G a lv e s to n . .
N e w O rle a n s
M o b ile ..........
Savannah. .
C h a r le s to n ..
W ilm in g to n .
N o r f o l k ........
B o s to n ..........
B a ltim o r e ...
P h ila d e lp h ia
A u g u s ta ____
M e m p h is ....
S t. L o u is ___
H o u s t o n ___
C in c in n a ti ..
L o u is v ille ...

CLOSING QUOTATIONS FOB MIDDLING OOTTON ON—
S a iu r .

T u e t.

M on.

5%

W ednes.

T h iirs.

Ftt .

51316
5 i3 ie
5^16
5 78
55s
55s
55s
5%
53,
5%
5%
5%
53,
5%
N o m in a l. N o m in a l. N o m in a l. N om inal.
0%
5 78
53*
55s
6*8
653
6 is
6%
6*4
6H
65,
63,8
6k)
6^
6*3
6^
68s
6^
She
6Sle
6316
63,0
5 78
55s
553
55s
55)
55s
55i
55s
5%
53,
53,
5%
6
6
6
6
6^8
653
6 ia
6

;

6*4
o
to
5 7S
5 7b
5%
6%

The olosing quotations to-day (Friday) a t other importar t
Southern markets were as follows
A th e n s ___ ____ 61
jb - - ie
6 i,„
A t l a n t a .............. 555s
7e
O a a r l o t t e ____ _ 6 q
O dum bus, Ga
55s

C o lu m b u s, M iss
E n l a n l a . . . ........
L i ttle R o o k ___
M o n tg o m e r y ...

O v e r l a n d Mo v em en t

fo b th e

W

514
55!
55s
5°s

N a s h v i l l e .........
N a to h e z .............
R a l e i g h ______
S h r e v e p o r t . .. .

eek a n d

53*
5H ia
6
55s

S in c e S e p t . 1.—

We give below a statem ent 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 8 and since Sept. 1 in the last two years are as follows.
1 8 9 7 -9 8 .
J u l y 8.
Week.
S h ip p e d —
V ia S t. L o u i s .....................................

2 ,9 9 0
2 .8 2 0
404
686
2 ,3 9 6

T o t a l g ro s s o v e r la n d ..................
D e d u ct s h ip m e n ts —
O v e rla n d t o N. Y ., B o s to n , <kc..

S in c e
S ep t. 1
8 5 7 ,0 6 4
3 3 8 ,3 9 4
3 3 ,2 0 0
46,922
1 3 1 ,8 4 4
1 5 2 ,782
1 8 6 ,251

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

1896-97.
Week.
6,1 0 2
1,053
1,032
66
265
1,556
449

Since
Sepl. 1
551,293
271,311
22,227
13,951
136,842
147,834
105,507

10,5 2 3 1,248.765

3 ,3 2 °
947
1,989

4 9 9 ,4 5 0
38,2 8 7
51,941

2,3 5 7

317,615
4,695
51,667

6,264

5 8 9 ,0 7 8

4,8 2 3

373,977

2,4 6 6

-*avlnR t o t a l n e t o v e r la n d * ..
3 ,0 2 2 1 ,2 0 6 ,7 7 9
5,7 0 0 874,788
* Inolu siln g m o v e m e n t b y r a il t o C a n a d a .
The f o r e g o i n g s h o w s t h a t t h e w e e k ’s n e t o v e r l a n d m o v e m e n t
th ic y e a r h a s b e e n
3,022 b a l e s , a g a i n s t 5,700 b a l e s f o r t h e
• eek I n 1897, a n d t h a t f o r t h e s e a s o n t o d a t e t h e a g g r e g a t e net
o v e r l a n d e x h i b i t s an excess o v e r a v e a r a g o of 331,991 baler.
I n S ig h t a n d S p in n e r s *
T a k\n Q 8 .

189 7 -9 8 .
W eek.

S in c e
S ep t. 1.

1896-97.
Week.

Since
Sept. 1

4,9 8 2 6,666,417
5,7 0 0 874,788
15,0 0 0 852,000

*onth#»rn c o n s u m p tio n to J u ly 8.

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

I n t e r l n r s t o o k s I n e x c e s s .................

34,0 1 1 1 0 7 5 0 9 2 5 25,6 8 2 8,393,205
t79 ,2 4 1
*9.164 1 0 5 ,3 1 8 * 1 1 ,127

C am e I n to s l s r h td n r ln g w e e k .
r n r » i in s i g h t J n l y 8 ____ ____

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

N '-irth’n s o l n n e r R t a k ’K* to July 8.
3.951 2 .1 5 1 .3 8 9
* D e c re a s e d u r in g w e ek .
t L e ss th a n S e n t. 1.

14,555

8 3 i3 ,9 6 4

1 7 ,0 4 2 ll.699,776

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 . — Advices to u s by
telegraph this evening from the South are, on the whole, of
a satisfactory tenor. There has been beneficial rain i n many
sections and temperature has been favorable to a r a p i d devel­
opment of the plant. In Texas, while cotton i s d o i n g well
generally, too much rain is complained of i n a few d i s t r i c t s .
Galveston, Texas.—There has been rain on four days of the
week, the precipitation being one inch and twenty six hun­
dredths. The thermometer has averaged 81, ranging from
74 to 87. June rainfall one inch and n in e ty - four hundredths.
Palestine, Texas.—The weather has been favorable for
farm work. Rain has fallen lightly on two days of the
week, to the extent of twenty-five hundredths of an inch.
The thermometer has ranged from 70 to 93, averaging 82.
June rainfall five inches and a-balf.
Huvtsvi'le, Texas. —There has been rain (showers) on five
days during the week, the ra'nfall being one inch and
seventy hundredths. Average thermometer 82, highest 93 and
lowest 70. June rainfall six inches and ninety-two hun­
dredths.
Dallas, Texas.—It has rained on one day of the week, the
rainfall reaching sixty-five hundredths of an inch. The
thermometer has averaged 82, the highest being 95 and the
lowest 68. June rainfall, nine inches and seventeen hund’ edtbs.
San Antonio, Texas.—The weather has been favorable for
cotton. We have had rain on three days of the week, the
precipitation reaching seventy-six hundredths of an inch.
Minimum temperature, 70. June rainfall, seven inches and
six hundredths.
Lulivg. Texas.—Rain has fallen on three days of the week,
to the extent of forty-five hundredths of an inch. Ibe ther­

reaching two h u n d r e d t h ^ in c h .^ lv ’erage C

SCuero,
^ iTexas.—
s ^ We
s ?have71had
- heavy

o

S

rain on four days of
the past week, the rainfall being two inches and ninety-four
hundredths The thermometer has averaged 82, the highest
being 93 and the lowest 71. June rainfall, two inches and
ninety-nine hundredths.
Brenham, Texas.—Dry weather is badly needed. Cotton
is choked with grass and weeds. It has rained on three days
of the week, the precipitation being sixty-nine hundredths
of an inch. The thermometer has averaged 82, ranging
from 70 to 93. June rainfall, four inches and forty-e?"ht
hundredths.
Corpus Christi, Texas.—Rain has fallen on three days of
the week, to the extent of nineteen hundredths of an inch.
The thermometer has ranged from 74 to 88, averaging 81,
June rainfall two inches and sixty two hundredths.
Weatherford, Texas.—We have had only a trace of rain
during the week. Average thermometer 83, highest 96
lowest 69. June rainfall six inches and forty-nine hun­
dredths.
New Orleans, Louisiana.—Rain has fallen on two days of
the week, to the extent of one inch and thirty-three hun­
dredths of an inch. The thermometer has averaged 81.
Shreveport, Louisiana.—We have had rain on one day of
the week, the rainfall reaching nine hundredths of an inch.
The thermometer has ranged from 69 to 94, averaging 82.
June rainfall seven inches and twenty-five hundredths.
Columbus, Mississippi.—Rain has fallen on one day of the
week to the extent of eighteen hundredths of an inch. Aver­
age thermometer 90, highest 108, lowest 80.
Leland, Mississippi.—June rainfall four inches and twentysix hundredths.
Vicksburg, Mississippi.—There has been rain on three days
of the past week, to the extent of twenty one hundredths of
an inch. The thermometer has averaged 81, ranging from
68 to 94.
Little Rock, Arkansas —We have had only a trace of rain
the past week The thermometer has ranged from 70 to 94,
averaging 82.
Helena, Arkansas.—Cotton is in fine condition, but corn
needs rain. We have had showers on three days of the past
week, the precipitation reaching eleven hundredths of an
inch. Average thermometer 77, highest 89 and lowest 66.
June rainfall three inches and eleven hundredths.
Memphis, Tennessee.—The crop continues fine. There has
been rain on four days during the week, the precipitation
reaching one inch and eight hundredths. The thermometer
has averaged 80'9, the highest being 91'3 and the lowest 67-4.
June rainfall two inches and seventy six hundredths.
Nashville, Tennessee.—Telegram not received.
Mobile. Alabama.—Cotton is growing very rapidly. There
are complaints of excessive rain and grass from some sec­
tions. We have had rain on five day's of the week, to the ex­
tent of one inch and twenty-six hundredths. The ther­
mometer has ranged from 70 to 95, averaging 81.
Montgomery, Alabama.—We have had rain on five days
during the week, to the extent of one inch and twenty three
hundredths and doing much good. The crop outlook is fine.
Average thermometer 81, highest 100, lowest 70.
Selma. Alabama.—The cotton crop is clean and doing
well. We have had rain on three days of the past week, to
the extent of one inch and thiriy-six hundredths. The ther­
mometer has averaged 85, the highest being 100 and the low­
est 68.
Madison, Florida.—There has been rain on five days of the
week, the precipitation being one inch and sixty hundredths.
The thermometer has averaged 84, ranging from 73 to 95.
Leesburg. Georgia —Cotton is doing well. We have had
rain during the week to the extent of one inch. The ther­
mometer has ranged from 70 to 85.
Savannah, Georqia.—There has been rain on six days of
the past week, the precipitation reaching two inches and
eight hundredths. Average thermometer 80, highest 90,
lowest 71. June rainfall four inches and fifty-eight hun­
dredths.
Augusta, Georgia.—There has been rain on three days of
the week, the precipitation reaching eighty-one hundredths
of an inch. The thermometer has averaged 83, the highest
being 94 and the lowest 70.
Charleston, South Carolina.—We have had rain on five
days of the week, the rainfall reaching one inch and four
hundredths. Average thermometer 81, highest 88, lowest
72. June rainfall four inches and sixty eight hundredths.
Stateburg, South Carolina.—Refreshing showers have fal­
len on four days of the week, the rainfall reaching two inches
and nineteen hundredths. Crops have been greatly bene­
fited. More rain is probable to-day. The thermometer has
ranged from 69 to 98, averaging 82T. June rainfall two
inches and sixty-five hundredths.
Greenwood, South C a r o l i n a . — Jane rainfall four inches and
fifteen hundredths.
Wilson, North Carolina—We have had ram on two days
during the week to the extent of forty-five hundredths of an
inch. The thermometer has averaged 84, the highest being
96 and the lowest 76.

THE CHRONICLE.

80

VOL. i.X 'V Il.

The followwgetatexnent we have also received by telegraph,
—We have receive 1 this week from tin pibU shirs—‘'Toe
showing the height of th e rivers at the points named at j Textile World,” Boston—a copy o’ the 1898 edition of “ The
8 o'clock July
1898, and Julv 8, 1897.
[ Textile World's Directory of the Mill Trade and of Bayers of
_________________________ ___________________ J u l y 7 , ’98. J u l y 8 , '9 7 . j Textile F brios." It is a vary complete directory of the tex­
Fed.
F t it.
tile establishments in the country, detailed information coaH e w O r le a n * ................... A b o v e s e r o o f g a u g e .
i <3
68
cerningea-jh mill being given. Furthermore a series of tex­
17 3
\
18 0
M e m p h is ........................... A b o v e z e r o o f g a u g e .
■ e e h v ille ........................... A b o v e s e r o o f g a u g e .
2 *
i
3 6
tile m ips shows at a glanje the exact 1 nation of cities and
S h r e v e p o r t .......................A b o v e t e r o o f g a u g e .
10 8
5-8
V lo k s b a r g ......................... A b o v e t e r o o f g a u g e |
25-3
I
3 1 -7
towns where there are textile establishments.
I n d i a C o t t o n M o v e m e n t f k o m a l l P o r t s .— The receipts
F a l l R i v e r M i l l D i v i d e n d s . — A majority of the mills at
of cotton at Bombay and the shipments from all India ports i Fall River have declared no dividends to date in 1838, So
for the week ending July 7, and for the season from Sept. 1 far as we have been able to learn, sixteen corporati ms, with
to July 7 for three years have been as follows:
an aggregate capital of $10,851,000, have distributed a total
of $178,825 during the h alf-year, or an average of 163 per
1895-96.
1897*98.
1 8 9 6 -9 7 .
cent on the investment. Tnis is very much below the total
R u e ip is a i—
S in ce
S in c e
S in c e
paid oat by the same m ills—§252,510—for the corresponding
W
eek.
W eek.
W
eek.
Sept. 1.
S ep t. 1.
S ep t. 1.
period a year ago, or an average of 2-33 per cent on the
B o m b a y .. ........ 2 1 .0 0 0 1 .7 4 8 .0 0 0 1 7 .0 0 0 1 ,8 * 9 .0 0 0 1 2 .IMK) 2.OSR.0O0 capital.
E rp o rt*
fr o m —

F o r th e W eek.
I
S in c e S e p te m b e r 1.
, --------------------------------------------------------—----------------------—
C o n ti­
G reat
C o n ti­
Qr eat
T otal.
Total.
B r ita in .
B r ita in .
n e n t.
nent

B om bay—
1 8 9 7 -9 8 ..
1,0 0 0
1 8 9 6 -9 7 1 8 9 5 -9 6 C a l c u tta —
1 8 9 7 -9 8 ..
..........
1 8 9 6 -9 7 1 8 9 5 -9 6 ..
M ad ras—
1 8 9 7 -9 8 ..
1 896971 8 9 5 -9 0 ..
A l l o th e rs —
18979 8 ..
1 8 9 6 -9 7 1 8 9 5 -9 6 T o ta l a ll —
1 8 9 7 -9 8 ..
1 8 9 6 -9 7 ..
1 8 9 5 -9 6 ..

1 ,0 0 0
..........

2 5 ,0 0 0
3 .0 0 0
2,0 0 0

2 6 ,0 0 0
3,0 0 0
2 ,0 0 0

1 3 ,0 0 0
3 0 ,0 0 0
7 1 ,0 0 0

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

4 33.000
561.000
7 79,050

2 .0 0 0
5,0 0 0

2 ,0 0 0
5 ,0 0 0

3 .0 0 0
6 .0 0 0
1 1 ,0 0 0

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

24.0 0 0
72.0 0 0
85,000

2 ,0 0 0
8 ,0 0 0
1 0 ,0 0 0

3 .0 0 0
1 6 ,0 0 0
9 .0 0 0

5,000
24 .0 0 0
1 9 .0 0 0

3 .0 0 0
4 ,0 0 0
3 ,0 0 0

3 ,0 0 0
4 .0 0 0
3 ,0 0 0

1 2 ,0 0 0
2 5 ,0 0 0
1 9 ,0 0 0

1 0 2 ,0 0 0
1 0 0 ,0 0 0
8 7 ,0 0 0

1 1 4 ,000
1 2 5 ,0 0 0
1 0 6 ,000

2 8 ,0 0 0
9 ,0 0 0
1 0 .0 0 0

2 9 ,0 0 0
9 ,0 0 0
1 0 ,0 0 0

3 0 ,0 0 0
6 9 ,0 0 0
1 1 1 ,0 0 0

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

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

According to the foregoing Bombay appears to show an
increase compared with last year in the week’s receipts of
4,000 bales. Exports from all India ports record a gain
«f 2 .',000 bales during the week and since September 1 show
a decrease of 206,000 bales.
A l e x a n d r ia

R

e c e ip t s

and

S h ip m e n t s

Cotton —

op

Through arrangements we made with Messrs. Davis, Banaohl
& Co., of Liverpool and Alexandria, we now receive a weekly
flable of the movements of cotton at Alexandria, Egypt. The
following are the receipts and shipments for the past weak
and for the corresponding week of the previous two years.
A le x a n d r ia , E g y p t,
J u l y 6.
S e o e lp ta (o a n ta r s * ) .—.
T h is w e e k ____ . . . ___
8 1 n o e 8 e p t. 1 ................

1 8 9 7 -9 8 .

1 8 9 6 -9 7 .

1,0 0 0
6 ,5 1 3 ,0 0 0

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

S in ce
T h is
w eek. S e p t. 1.
E x p o r t* (b a le s )—
T p L i v e r p o o l ........ .
T o O o n t t n e n t l ..........

18 9 5 -9 6

5 ,2 9 5 ,Ovu
T h is
S in e i
w eek. Sept. 1.

T h is
S in c e
w eek. S ep t. 1.

2 0 0 0 3 2 4 .0 0 0
5 ,0 0 0 3 3 5 .0 0 0
14 ,0 0 0 4 3 7 .0 0 0 1 0 ,0 0 0 3 7 7 .0 0 0

3 .0 0 0 3 3 0 .000
5 .0 0 0 3 2 6 .000

T o t a l E n r o l)* .
1 9 ,0 0 0 7 7 2 .0 0 0 1 2 ,0 0 0 70 L,0 0 0
6 ,0 0 0 6 5 6 ,0 0 0
■*A o a n l a r i s 9 8 p o a n d B .
t O l w h to b to A m e ric a tn 1 8 9 7 -9 3 , 5 2 ,1 6 7 is le s ; In 1 8 9 0 -9 7 , f 0 3 7 0
b a it s; i n 1 8 9 5 -9 6 ,5 8 ,0 5 4 b a le s .

Ma n c h e s t e r M a r k e t . —Our report received bv cable
t WMght from Manchester states that th e - ariiet is dull but
steady foi both yarns and shirtingt. M anufacturers are
generally well under contract. We give the prices f >r co-i> y
below and l«uv> tho-e t' r previous weeks of t its and last
year f c comparison.
18 9 8 .

1897.

8 H tb s. S h ir t OotVr
8 Si th e. S h irt- Oott’n
3 2 f Cop. in g s , c o m m o n M id. 3 2 ; Oop. in g s , co m m o n M id.
T w ist.
T u n it.
U p ld s
to f in e s t.
Upldt
to fin e s t.
d.
d.
J ’n e 3 5 W ,s - 6 '3 „
“ 1 0 '5 l » u - 6 i b g
“ 1 7 5i3 „,i» 6 %
“ 24 5 * Fiji's
J u l y 1 5 U ,a » a » ,g
“ 8 5%

ft
4
4
4
4

d
8.
2 1>6
2
2 96
14a » e
4 1 06
4 1 *»fl

d.
9
9
9
8*a
8
8

d.

d.
6*16
6318
6*4
3 7i« 6^14
3 l8 ,a 6%
37,„ 830

39, S

d.
^ 7 3 |6
^7-'1io
ft 7%
97$%
ft 7%
*>730

s.
1
4
4
4
4
4

d
s
0>e »6
0*3 *S
1 ft6
1V -S6
1»S$G
*e

-1
6
6hj
7
7
7 hi
7*3

4
4°3 J
4 1e
4 1*
4
4 73 1

JtPTE B u t t s , B a g g in g , E r e . — Busineis in jute bigging
has been of fair v e lu m daring th* week under review at
unchanged oriees. T as quotations this evening ar s 5k£ o. f ir
\% lbs.. 5sg7 for 3 lbs. a i i 57»i for s ta ila rd grades. Tae
market for jute b itts his men datl. Q io titim s a n nomi­
nally ’8 c. for paper quality m i lj^c. for mixing
From Meisrs I n i K'p & C >'s circular we ascertain that
tho deliveries of jute butts au 1 rsjsc tiin s at New York and
Boston daring J me were 31,871 bales. a?»ius . 48,117 bales
for tbs earns month last year, a n ! since January 1st the
deliveries have reached 280,85) bales, agviaat 217,081 bales
in 1837. The argregate stock in the hands of importers and
*p:calators in N»w York a n l Boston on June 30th was nil
bales, against 1,000 at the correaponltagdate in 1897, and the
amount a3oat reaches 88,182 bales, against 113,471 bales last
year.

HALF-YEAR
and 1807.
American L inen Co.— ...
Bernier City M aauf’g Co..
Cornell M ills ......................
P a ro l Mills ............ ..........
K err T hread Co .................
King Philip M ills........ .
Narraffansat-t M ills ........
P arker M ill.------ --------- Richard Burden Mfg. Co..
Sanford Spinning Co . . . . . .
Seacormet 1UI s . . . ............
Stafford Mills ........... ...
Troy Cot, & W. Mfg. Co...
Colon C otton M an’f * Co
T o t a l s ............. .—

Capital.

Dividends isv»8 Dividends 1807. l n e t east
P. C. A m ount. P. r . A m ount. Decrease

9800.000
1,000,00y
40iV»'K)
400,000
1,000,000
300.000
x,ooo.ooo
1,000,000
400,000
500.000
800.000
500,00 1
aoo.ooo
3,000,0OC
300,000
750,001)

1
J.
1H
1
1
.3
3
i«
1

$10,350,000

1*63

1
J
2H
I
IK

18.00'
10.000
6,000
4,000
10,000
24,000
30.000
15,000
4,00u
0,250
8,00 »
5.000 .
13,500
10,000
13.500
0.375
*176,025

4-8,000
iVd.OOO —10.000
2
10,0’*0 —10.000
1
"i
6,000 —4,000
1
10,000
3
No dividend. 4-30,000
3
30,000 —15,000
3
l ',"00 -8,000
11.250 —5.000
2
—8,000
No dividend. +5.000
3
j 8,"O0
-4,500
4
,000 -30,000
7
21.0 <0 —7.500
20.250 —16.875
3^
2'83

$252,500 —75,875

Government W eekly Cotton R eport.—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 4:
V ir g in ia . C o tto n im p ro v e d .
N o r t h C a r i l i s a .—H o t, d r y w e ek ; im p r o v e m e n t in o o tto n , w hich, is
s ta n d in g d ro u g h t w e ll; o o tto n s m a ll b u t c le a n , b lo o m in g m o re fre e ly .
S o c T ii C a r o l in a —W e ek ’s r a in fa ll d e tie ie n t and p o o rly d istrib u ted ;
o otton d o in g w e ll, b loom in g an d p u ttin g on fr u it fr e ely .
G e o r g i a .— H ig h t e m p e r a t u r e , a b u n d a n t s u n s h i n e a n d s c a t t e r e d
s h o w e r s c h a r a c t e r i z e d th e w eek ; g e n e r a l r a i n s n e e d e d ; o o t t o n ta k in g
o n f r u i t a n d l o o k i n g w e ll.

Fi, iR iri.i.—C ro p c o n d itio n s v a ria b le ; r a in f a ll g e n e r a lly lig h t; b a d ly
d is tr ib u te 1 s h o w e rs i m p r o v e d c o tto n , w h ic h is fre e fro m g ra s s .
A i. vbvma .— F a irly w e ll d is tr ib u te d s h o w e rs ; o o tto n m a k in g g o o d
s ta lk a n d fr u itin g w ell, b u t is g e ttin g g r a s s y in lo w la n d s.
M is s is s ip p i .—C ro p s im p r o v in g e x c e p t w h e re r a in f a ll w as to o m u c h
f o r c o tto n , w h ic h b a a b eo o m e g ra s s y a n d H elds h a v e b e e n a b a n d o n e d
In p la c e i o n a c c o u n t o f g ra s s a n d w e e d s ; few a r m y w o rm s r e p o r te d .
L 'i is ia n a —F r e q u e n t a n d h e a v y r a in s r e ta r d e d H eld w o rk ; lo w l n d
c ro p s r a t h e r g r a s -y , p a r tic u la r ly c o tto n ; o o tto n c o n tin u e s g r o w in g to o
r a o id ly to f r u it w e ll a n d Is b e c o m in g r.isf.y.
T e x a s .—W eek o f sh o w er y w e a th e r w ith o c ca sio n a l s c a tte r e d h e a v y
r a in s; o o tto n m a k in g rap id g r o w th , hut. too m u ch rain In n o r th e a st
portion , w h ere c ro p is in n eed of on ltivatlou ; M exican boll w e e v il an d
r u st rep orted in fe w lo c a litie s; o th er w ise orop very p rom isin g.
A r k a n s a s . —G ro w in g c ro p s in n o u ris h in g c o n d itio n , th o u g h b e g in in g to n e e d r a i n ; c o tto n g ro w in g r a p id ly a n d f r u itin g w e 1.
T e n n e s s e e .—Good r a in s e a r ly p a r t o f w eek , fo llo w e i b y w arm s u n ­
sh in e . g r e a tly b en efited g r o w in g crop s, an d la tter p a rt f tvored w ork
o f tln a ic u ltiv a tio n : o o tto n g r o w in g au d d e v e lo p in g w ell, b lo o m in g
n icely.
O k lah o m a .—C it t o a h a s dona fin ely.
M isso u r i . W eath er v e r y fa v o r a b le ; ootton in good c o n d itio n an d
g r o w in g fin ely.

These reports on cotton are summarized by the Depart­
ment as follows:
C o tto n h a s im p r o v e d o v e r th e g r e a te r p a r t o f t i n o o tto n b e lt, b u t
o w in g to c o n tin u o u s r a in s is b a d ly In n e ed of e u lc iv a ii m in M iss is ­
s ip p i. L o u isia n a a id p irc lo u s o f N o r th e a s te r n T e x t s a n d A la b a m a .
Too ra p id g r o w th a n d r u s t a r e r e p o r te d fr o m L o u is ia n a , a n d b o il
w e e v il a n d r u s t a r c re p o rt. -d fro m p o r tio n s of T e x a s , w h e re , h o w e v e r ,
th e g e n e r a l c o n d ito n o f th e o ro p is v e ry p ro m is in g .

F irst Bale of N ew Cotton.—The first bale of cotton of
the crop of 1898 99 was received at San Antonio, Texas, from
Pearsall, Texas, on Friday, .Inly 1, or one day later than the
first new bale appeared in 1897. Last year the first new bale
reached Honsion on Jane 30. In 1898 the earliest arrival was
on July 10, at New Orleans ; in 189.7 on Jnly 11, at Galveston;
in 1894 on June 26 and in 1892 on Jane 30, both at Houston.
N e w E n g l a n d C o tton M il l S it u a t io n . —The Whitinsville
(Mass.) Cotton Mill, 14,416 spindles, and the Sanalersville
(Maas.) Cotton Mill, 12,800 spindles, are idle this week, and
while they will start up on Monday another suspension of
operations is likely unless the market improves.
Shipping News.—As shown on a previous page, the
exports of cotton from the United States the past week have
reached 21,211 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:

•
T o ta l
N s w Y o r k - T o L iv e rp o o l, p e r s te a m e r G eo rg io , 1 u p la n d an d
135 S e a I s l a n d ........ .......................................... ..................................
To H u ll, p e r s te a m e rs G a lile o , 7 6 — M a r te llo . ■
c»82 ................
T o H a v re , p e r s te a m e r s C a p riv i, 8*5 — L a B o u rg o g n e , 8 4 6 .
T o B re m e n , p e r s te a m e r s B a r b a r o ssa , 2 ,L 1 7
K a is e r W il­
h e lm d e r G ro sso , 7 3 ___K o e n ig e n L u ise , 1 ,4 4 1 .......................
To H iin b u rtf, p e r s te a m e r P a la tla , 5 i ............................................
To G e n o a , p e r .ste a m e r A b b a z ia , 2,0 U ...........................................
To J a p a n , p e r s te a m e r O o ta v ia , 5 0 0 , . . . ....................... ' ...............
To C h in a , p e r s te a m e r O o ta v ia , 3 5 0 ....................... .............. ..
N e w O r l e a n s —T o L I v e r p o o l- J u ly 2 —S te a m e r M e x ic a n , L,945
J u ly 5 - S te a m e r E le c tric ia n , l ,9 6 0 ............ ......................
T o B e l f a s t —J u l y 7—S te a m e r B o n g o re H e a d , 9 0 0 .....................
To G en o a —J u ly 6 -S te a m e r P e r sia n P r in ce , 5 ,2 7 4 ..................

h a lts .

1 36
658
4 31
3 ,6 3 1
53
2 ,0 5 1
5 00
350
3,9 0 5
900
5 ,2 7 4

THE CHRONICLE.

J uly 9, 1898.J

T otal bales.
C h a r l e s t o n —To L iv e rp o o l—J u ly 2 —S te a m e r V e v a , 6 3 4 ............
634
B o st o n —To L iv e rp o o l—J u n e 2 9 —S te a m e r L a n c a s tr ia n , 8 9 2 ___
- J u n e 3 0 —S te a m e r C a n a d a , 4 0 1 ....... J u l y 5 —S te a m e r
M ic h ig a n , 1 2 9 ........................................
1,422
T o Y a rm o u th —J u ly 5 - S t e a m e r Y a rm o u th , 2 0 0 .......................
2 00
B a l t im o r e —To L iv e r p o o l—J u n e 2 9 - S te a m e r I k b a l, 1 ................
i
To H a v r e —J u l y 7—S te a m e r S t. H u b e r t, 5 0 ..................................
50
To A n tw e r p —J u u e 3 0 —S te a m e r S to rm K in g . 1 0 0 ...................
lo o
S e a t t l e —To J a p a n —J u n e 2 9 —S te a m e r K in s h iu M a ru , 7 5 .........
75
T o t a l ................................................................................................................ 21,271

The particulars of the foregoing shipments, arranged in
our usual form, are as follows.
N e w Y o rk .
N . O rle a n s .
C h a r le s to n
B o s t o n ___
B a ltim o re S e a ttle ........

G reat F re n c h Ger- r -O th .fl’ro p e-s M exico.
die. J a p a n . T otal.
B r iV n . p o rts. m a n y . N o rth . So u th .
350
431 3 ,6 8 4 .......... 2,9 i l
794
500
8,710
4 ,8 0 5 . . . . . . ......................... 5 ,2 7 4 .......... .......... 10,079
....................... . . . . . . .... .
634
6 34
200
1,4 2 2
. . . . . .................. .
1,622
100 .......... ...... . . . . . .
50 ..........
l
151
75
75
.......... .......... ..................... - .................

T o t a l ___

7 ,6 5 6

481

3 ,6 9 1

100

8 ,2 2 5

550

575

21,271

To Japan since September 1 shipments have been 128,131
bales from Pacific Coast, 8,700 from New Orleans, 26,029 bales
from Galveston, 7,100 biles from Pensacola, 4,5J0 bales from
Mobile and 28,110 bales f-om New York.
Below we give all news received to date of disasters to
vessels carrying cotton from United States ports, &o.
L a B o u r g o g n e , s te a m e r (F r.) , fro m N e w Y 'ork, J u l y 2, f o r H a v re , w as
in c o llis io n J u l y 4 off S a b le I s la n d , w ith s h ip C ro m a ry ty s h ire .
T h e L a B o u rg o g n e s u n k s h o r tly a f te r th e c o llis io n . I n o l a l e d in
h e r c a rg o w e re 3 4 6 b a le 3 o f c o tto n .

Cotton freights at New York the past week have been
as follows.
S a tu r .
L iv e r p o o l............. e.l
H a v r e ..................... e.l
B r e m e n ..................e.
H a m b u r g ..............e.
A m s te r d a m ..........c.
R e v a l, v. H a m b ..e .
D o v .B r e m ’n.e.
D o v . H n l l . .. c .
R o tte r d a m ............c. j
G e n o a ................... d :
T r ie e te ............. . . . d .
A n tw e r p ............... d.
G h e n t, v .A n tw ’p .d .;

M on.

1 Tues.
I

:
;
'.
j
!
a
3
§

W ednes. T h u rs.

F ri.

151
30t
25 f
30t
30

151
30 i
251
301
30t

15t
30t
251
30
30

15t
30t
251
30t
301

a

....
....

....
....

....
. .. .

....
...

g

38t
301
35t
40t
*6

38'
30t
35t
40t

381
30t
35t
401

3Bt
30 J
35*
401

>

;
•
I
!

81

B R E A D S T U F F S .
F r i d a y , July 8,1898.
The market for wheat flour has shown a fairly good under­
tone. The volume of business transacted has been of only
very moderate proportions, as jobbers as a rule have been
limited buyers, and the demand from exporters has been
quiet; still, as the mills have shown no anxiety to make sales,
as they have only moderate supplies to offer, values have
been well maintained, the sales made having been made at
full values. Rye flour has sold slowly, and prices have weak­
ened slightly. Corn meal has met with only a limited call,
but values have been unchanged and steady.
Owing to the observance of holidays on Saturday and Mon­
day the week under review has been a short one. The spec­
ulation in the market for wheat futures has been quiet, and
prices have weakened slightly, the principal factor being
improved crop accounts from the winter-wheat belt, although
cable advices from the Continent reporting dull and easier
markets have also had their influence against values. Tues­
day there was a decline in prices of 2@2%c. from Friday’s
final quotations (the last business day), as improved crop accounts and easier advices from the Continent prompted sell­
ing by the bear operators. Wednesday part of the loss was
recovered, prices advancing
principally on a demand
from shorts to cover contracts, stimulated by stronger for­
eign advices than expected and some bad crop accounts.
Thursday there was a quiet market and prices declined
%c. Cable advices were disappointing; there was some sell­
ing by longs to liquidate accounts, and a large crop estimate
also had its influence against values. To-day there was a
stronger turn to the market, especially for the near-by deliv­
eries, July advancing 3c. on a demand from shorts to cover
contracts: other months advanced %@%c. in sympathy.
The spot market was quiet. The sales for export here and at
ontports were 76 000 bushels.
DAILT CLOSING PRICES OP NO. 2 RED WINTER WHEAT.
Sat.
M on. Tues. Wed.
T h u rs.
y
y
811*
J u ly d e l i v e r y ...............
82i*
82
S e p te m b e r d e liv e ry .. .-0.
73*8
74*8
7314
D e ce m b e r d e liv e r y ...
7 3 78
73%
7 3 18

F ri.
85
73 7«
73%

Indian corn futures have received only a small amount of
attention, the speculative dealings having been on a limited
scale only, and the net changes in prices for the week were
L i v e r p o o l . —By cable from Liverpool we have the foliow- of an unimportant nature. Tuesday the market was easier,
prices declining %c. under improved crop accounts, liquida­
iag statem ent of the week’s sales, stocks , &c., at th a t port.
tion by longs, and in sympathy with the weakness of the
wheat market. Wednesday the decline was more than re­
J u n e 17. J u n e 24
J u l y 1. : J u ly 8.
covered, prices advancing %@%c. on buying principally
5 2 .0 0 0
B ales o f th e w e e k ............b a le s
5 1 .0 0 0
44,000!
5 0 ,0 0 0 by shorts to cover contracts, stimulated mainly by a more
1 ,8 0 0
3 ,6 0 0
O f w h ic h e x p o r te r s to o k . . .
2,0001
1,600
500
O f w h ic h s p e c u la to r s to o k .
600
1 ,3 0 0
70 0 active cash trade. Thursday prices reacted J4@%c. under
4 9 .0 0 0
8 a ea A m e r ic a n ................
4 9 .0 0 0
4 2 .0 0 0
4 8 ,0 0 0 realizing sales by longs. To-day the market was dull hut
6 ,0 0 0
9 ,0 0 0
3,000;
8,0 0 0 steady. The sales for export here and at outpoits were 100,A o tn a e x p o r t.
F o r w a r d e d .................................
5 3 .0 0 0
5 4 .0 0 0
47 ,0 0 0 ;
5 5 ,0 0 0
1 .1 4 3 .0 0 0 1 .1 1 7 .0 0 0 1 .1 0 7 .0 0 0 1 .066 ,0 0 0 000 bushels.
T o ta l s to c k —E s tim a te d ........
O f w h ic h A m e rio a n —E s trn
T o ta l Im p o r t o f t h e w e e k . ..
O f w h ic h A m e r ic a n ............
A m o u n t a f lo a t...........................
O f w h ic h A m e r ic a n ............

5JI2

632

633

1 .0 5 3 .0 0 0 1 .0 2 7 .0 0 0 1 .0 1 8 .0 0 0 97H.OOO
5 2 .0 0 0
3 7 .0 0 0
4 1 ,0 0 0 |
2 2 ,0 0 0
4 8 .0 0 0
3 L.000
3 7 .0 0 0
1 7 ,000
6 9 .0 0 0
5 9 .0 0 0 1 4 7 ,000
5 5 .0 0 0
6 0 .0 0 0
4 6 .0 0 0
49.0001
4 0 ,000

DAILY CLOSING PRICES OP NO.
M on.
S at.
y
y
J u l y d e liv e r y ...................e.
h
'b
S e p te m b e r d e liv e ry
c.
D e c e m b e r d e liv e r y
o.
k
W

2 MIXED CORN.
Tues.
Wed. T h u rs.
36i*
36%
3^8
3 6 7$
37%
375 q
383s
38%
3 7 7s

F ri.
3614
37k
3816

Oats for future delivery have been dull, and the fluctua­
The tone of the Liverpool market for spots and futures
each day of the week ending July 8 and the daily closing tions in values have followed closely after those for com.
Tuesday prices showed a decline of J^c. Wednesday there
prices of spot cotton, have been as follows.
was an advance of J£c., a better cash trade and a limited crop
movement, together with sympathy with an advance in val­
Spot.
S a V d a y . M o n d a y . T u e sd a y. W ed 'd a y. Thursday F r id a y .
ues for other grains being the strengthening features. Thurs­
day there was a reaction of J^c., as the markets for other
M a rk e t, )
H ard en ’g Quiet anc
but Quiet.
Quiet. tendency.
Quiet. Quiet
1 :4 5 p . M .j
steady.
firm.
grains were easier. To-day prices advanced on the small
crop movement. The spot market was quiet. The sales for
3ISra
M id . U p l’d s.
313,a
37,«
3 7 is
37] 8
3he
export were 20,000 bushels.
S a le s ............
B pec. A e x p .

5 .0 0 0
300

F u tu re s.
at
M a r k e t, \ Steady
partially
1 :4 5 P. m . ( L*64 dec.
M a r k e t, \
4. P. M. (

Steady.

7 ,0 0 0
500

7 ,0 0 0
500

8,000
500

8,000
500

8,000
500

Quiet.

Steady.

Quiet a t
partially
1-64 dec.

Quiet.

Quiet a t
partially
1-<S4 dec.

Firm .

Steady.

Steady.

Steady.

Steady.

The prices of futures a t Liverpool for each day are given
below. Prices are on the basis of Uplands, Low Middling
olause, unless otherwise stated.
[ F

The p r ic e s a r e g iv e n i n p e n c e a n d 6 U h s .

T h u s : 3 63 m e a n s

8 oo*64d .. a n d 4 01 m e a n s 4 l- G id .
J u l y 2 to
Ju ly S

J u l y ................
J u ly -A n g . . .
A u g .- S e p t...
8 e p t.-O c t—
O o t.- N o v ....
N o v -.D ec . ..
D e c .- J a n ___
J a n .- F e b ___
F e b .-M a rc h .
M ch -A p r il..
A pH l-M ay ..
M a y - J u n e ...

S a t.

Itto n .

T uen.

W ed.

d.
d.
d.
d.
3 22 3 23 3 23 3 23
3 22 } 2313 23 3 23
3 21 3 23 3 2 L 3 23
3 2 0 3 22 3 22 3 22
3 19 3 21 3 21 3 21
3 18 3 20 3 2 0 3 2 0
3 18 3 2 0 ,3 20 3 20
3 18 3 2 0 3 20 3 2 0
3 19.3 2113 21 3 21
3 2 0 ,3 2113 21 3 22
3 2 0 3 22 3 22 3 22

d.
3 21
3 24
3 24
3 22
3 21
3 20
3 20
3 20
3 21
3 22
3 23

3 21
3 20
3 20
3 21

3 22
3 22
3 23

F rl.

4 >1:45 4 1:45
. P. M. P.M. P.M.

1 2 i* 1 1:45! 4 1:451 4 1:45
P.M. P. M. P.M .1P.M. P.M. P.M.
d.
3 22
i 22
3 21
3 20
3 19
3 1«
3 18
3 18
3 19
3 20
3 20

T liu r» .

3
3
3
3
3
3
3
3
3
3
3

d.
d.
24 3 24
21! 3 21
24 3 24
22 3 23
2 L! 3 22
20 3 21
20 3 21
21 3 21
21 3 21
22 3 23
23 3 23

d.
3 23
3 23
3 23
3 22
3 21
3 20
3 20
3 20
3 21
3 22
3 22 3 23
d
3 24
3 24
3 24
3 23
3 22
3 21
3 21
321
3 22
3 22

3
3
3
3
3

d.
24
24
23
22
21

3 20

3
3
3
3
3

20
20
21
22
23

DAILY CLOSING PRICES OP NO. 2 MIXED OATS.
hat.
Hon. Tues.
Wed. T h u rs.
J u l y d e l i v e r y ................... o. H 'd ’y
H ’d ’y 25%
25%
25%

F ri.
27

Rye has had only a small sale, hut offerings have been lim­
ited and values have held steady. Barley has been dull and
unchanged.
The following are closing quotations:
FLOUR.
P a te n t, w i n t e r ....... $ 4 5 0 ® 4 90
F i n e ...................................$2 75® 2 90
C ity m ills, e x tr a s .
5 45
S u p e rfin e ......................... 2 40® 3 15
R
y e flour, s u p e rfin e 2 75. ® 3 25
E x t r a , N o. 2 .................. 3 25 ®3 45
B u c k w h e a t f lo u r........................
E x t r a , No. 1 .................. 3 60® 3 75
C o rn m e a l C le a r s ...................... 3 60 ® 4 05
w e s te r n , e to .___ _ 2 05 ® 2 10
S T a ig h ts ................... 4 00 ® 4 65
B r a n d ,y w
in e ........
2 15
--------------------P a........
te n ...............
t, S p r in„g ........ ...........
4 65 ®5 3 0
l W h ea t flo u r in sa c k s se lls a t p ric e s b e lo w th o s e fo r b a rre ls .]
GRAIN.
C om , p er bush—
o.
o.
w h e a t—
o.
o.
W e ste rn m ix e d ............ 3 5 % » 3 9 %
H a rd D u lu th , No. 1. N o m in a l.
N o. 2 m ix e d ..................36 ® 39%
R ed W in te r, No. 2.. 76 a 91%
W e s te rn Y e llo w ...........36% ®3S
H a r d M an., N o. 1 .. N o m in a l.
W e s te rn W h ite ............. 36% »38%
N o rth e rn , No. 1 . . . 78*8® 94
R
yeO ats—M ix’d , p e r b sh . 2 i ® 28%
W e s te rn , p e r b u s h . . . . 5 11*® 53**
W h i t e ......................... 28 ® 35
S
ta te a n d J e r s e y ......... 46 td52
N o. 2 m ix e d ............. 27% ® 28%
B a rle y —W e s t e r n ........... 48 ®52
No. 2 w h ite ............... 29 ® 30
F e e d i n g ..................... . .. 3 3 ^ 3 8

T homan’s J uly Crop R eport.—T he full text of Mr.
Thoman’s crop report for July 1 is as follows:
W h e a t .—T h e p r e s e n t c o n d itio n fo r th e w hole b re a d th is 8 7 '3 p e r
c e n t, a s a g a in s t 9 1 '2 p e r o e n t l a s t m o n th , a n d S L‘5 p s r c e n t on th e
c o rre s p o n d in g d a te la s t y e a r.

THE CHRONICLE.

82

T h e d e te r io r a tio n h a s Uewi m o re m a rk e d in th e s ix p rin c ip a l S taten
eA st of th e R o c k r M o u n ta in * , th e c o n d itio n U elttc 8 8 5 p e r c e n t, os
o cm tsftsted w ith 93*5 p e r c e n t o n J u n o 1, a n d 74*6 p e r c e n t o n J u ly 1,
1897.
T h e c o n d itio n o n th e P ao ltiu Oos*at Is n o w r e tu r n e d n s 71*2 p e r d e n t;
la s t m o u th 71 7 p e r c e n t, a n d l a s t J u ly 86*7 j>er c e n t.
W ith b u t f o u r e x ce p tio n * - O hio, M ich ig an . I n d ia n a a n d C alifo rn ia th c c ro p d u r in g J u n e h a* sh o w n q u ite a n o tic e a b le d e c lin e , r e s u ltin g
fro m th e u n f a v o r a b le w e a th e r, r u s t a u d in s e c t ra v a g e s .
A v e ry * trlltin jr a n d m o re o r le ss p u l l i n g p h a s e o f th e p r e s e n t c o n ­
d itio n U th e m a rk e d d is p a r ity b e tw e e n th e c o n d itio n a n d n u o -o f-y lo ld
r e t u r n s a s c o m p a re d w ith th o s e o f u m o u th a g o . O n t h a t d a te th e a v ­
e ra g e rat© o f y ie ld w as r e tu r n e d »e 17*1 bu**teU p e r a c r e , a n d n o w a t
15*2 b u s h e ls , w ith a c o rre s p o n d in g d e c lin e In c o n d itio n o f o n ly 3*9 p e r
c e n t, f t is th u * s e e n t h a t th e r e la tio n s h ip b e tw e e n fig u re s b e a rin g
u p o n th e r a t e o f y ie ld a n d th e c o n d itio n l a J u n o sh o w s h p ro p o r tio n
a to d iffe re n c e o f 1 4 b u s h e ls to th e a c r e a s c o m p a re d w ith tn e s a m e
e s ti m a te s fo r th e p r e s e a t m o n th . T h is d is p a r ity ho* u n d o u b te d ly r e ­
s u lte d fro m a d e c e p tiv e a p p e a r a n c e o f g ro w th . I n t h e h is to r y o f its
p ro d u c tio n p r o b a b ly n o c ro p a t h a r v e s t e v e r lo o k e d b e t t e r , a s ju d g e d
s u p e r fic ia lly , b u t th r e s h iu g r e tu r n s u p to th e p r e s e n t tim e g iv e e v i­
d e n c e tlm t th e h e a d s w e re n o t w e ll d e v e lo p e d a n d t h a t th e y ie ld w ill
b e c o n s id e ra b ly b elo w e a r lie r e x p e c ta tio n s .
C a lc u la te d u p o n r e tu r n s show lu g th e in d ic a te d y ie ld p e r a c r e In
b u sh el* , th e p ro s p e c tiv e w in te r-w h e a t c ro p is sh o w n to b e in th e
n e ig h b o rh o o d o f 4 0 0 ,0 0 0 ,0 0 0 b u s h e ls , u s a g a i n s t 3 7 9 ,0 0 0 ,0 0 0 b u s h e ls
h a r v e s te d la s t y e a r. O f th is to ta l, th e s ix p rin c ip a l S ta te s e a s t o f t h e
R o c k y M o u n ta in s h a v e a p r o s p e c t o f 2 1 9 ,0 0 0 ,0 0 0 b u s h e ls , a s c o m p a re 1
w ith 1 8 8 ,0 0 0 ,0 0 0 b u s h e ls th e p re v io u s y e a r.
T h e c o n d itio n o f s p rin g w h e a t is 95 3 p e r c e n t fo r th e w h o le b r e a d th ,
a s a g a in s t 99-4 p e r c e n t on J u n e 1. a n d 91*5 p e r c e n t o n th e c o r­
re s p o n d in g d a te la s t y e a r . I n the- th r e e p r in c ip a l S ta te s —M in n e s o ta
a n a N o rth a n d S o u th D a k o ta —th e c o n d itio n is 94*8 p e r c e n t, l a s t
m o n th 9 9 4 p e r c e n t, a n d l a s t J u ly 91*9 p e r c e n t. T h e c ro p in S o u th
D a k o ta h a s s u lte re d c o n s id e ra b ly d u r in g J u n e fr o m d r o u g h t a n d r u s t.
T h e s ta n d is re p o rte d ir r e g u la r , e s p e c ia lly in t h e s o u th e r n d is tric ts ,
a n d fro m th is s e c tio n i t is g e n e r a lly s ta t e d t h a t r a in is a n I m m e d ia te
n e c e s s ity , to s a v e th e p l a n t fro m f u r th e r m a te r ia l In ju ry . I n M in n e ­
s o ta a n d N o rth D a k o ta th e c ro p is s till m e x c e lle n t p ro m is e . I n O reon a n d W a s h in g to n th e p ro m is e o f l a s t m o n th Is w e ll m a in ta in e d .
h e in d ic a te d h a r v e s t o f s p r in g w h e a t, b a s e d u p o n r e t u r n s s h o w in g
th e p ro s p e c tiv e y ie ld p e r a o re in b u s h e ls , e q u a ls 2 8 5 ,0 0 0 ,0 0 0 b u s h e ls ,
a s c o n tr a s te d w ith 2 0 1 ,0 0 0 .0 0 0 b u s h e ls h a r v e s te d l a s t y e a r.
M in n e s o ta a n d th e D a k o ta s In d ic a te a c ro p , f o r t h e tlir->e S ta te s in
th e n e ig h b o rh o o d o f 2 0 8 ,0 0 0 ,0 0 0 b u s h e ls , a s a g a i n s t 1 4 3 ,0 0 0 ,0 0 0
b u s h e ls h a r v e s te d in 1897.
T h e a g g r e g a t e p ro s p e c tiv e h a r v e s t o f b o th s p r in g a n d w in te r w h e a t
is sh o w n t o b e , a p p ro x im a te ly , 6 8 5 ,0 0 0 ,0 0 0 b u s h e ls , a s a g a i n s t w h a t
h a s b een p r o v e d b y th e y e a r ’s d is tr ib u tio n to h a v e b e e n , a t l e a s t, a
5 8 0 ,0 0 0 ,0 0 0 -b u s h e l c ro p l a s t y e a r . T h e q u a n t i t y o f w h e a t y e t r e ­
m a in in g In p ro d u c e rs ’ li« n d s a p p r o x im a te s 1 9 ,0 0 0 ,0 0 0 b u s h e ls , a s
a g a in s t 3 5 ,0 0 0 .0 0 0 b u s h e ls l a s t .J u ly , a n d 4 3 ,0 0 0 ,0 0 0 b u s h e ls o n t h e
c o r r e s p o n d in g d a te tw o y e a r s a g o . By in c lu d in g th e a v a ila b le s u p p ly ,
th e q u a n ttty o f w h e a t c a r r ie d o v e r o n th is d a te e q u a ls , a p p r o x im a te ly ,
4 0 ,0 0 0 .0 0 0 b u sh els. S h o u ld th is y e a r ’s h a r v e s t m e e t p r e s e n t e x p e c ta ­
tio n s , th e t o ta l s u p p ly f o r th e e n s ilin g tw e lv e m o n th s w o u ld e q u a l
7 2 5 ,0 0 0 ,0 0 0 b u sh els. A fte r d e d u c tin g 4 0 0 ,0 0 0 .0 0 > b u s h e ls fo r h o m e
re q u ir e m e n ts , w h ic h is a v e r y lib e r a l a llo w a n c e , th e r e w o u ld b e l e f t a
s u rp lu s o f 3 2 5 ,0 0 0 ,0 0 0 b u s h e ls w ith w h ic h to m e e t t h e e x p o r t r e ­
q u ire m e n ts fo r t h e y e a r a n d fo r d o m e s tic re s e r v e s a t t h e e n d o f n e x t
June.
C orn*.—F ro m p r e s e n t r e t u r n s th e r e a p p e a r s to b e a r e d u c tio n o f 2*5
p e r c e n t In th e a c r e a g e o f c o rn . I t a p p r o x im a te s 7 7 ,2 3 ^ ,0 0 0 a c r e s , as
a g a in s t 7 9 ,2 5 4 ,0 0 0 a c r e s h a r v e s te d l a s t y e a r . T h e c o n d itio n f o r th e
w h o le b r e a d th B tands a t 92*2 p e r c e n t, a s a g a i n s t 84*4 p e r c e n t l a s t
J u ly . T h e c ro p in Illin o is a n d M iss o u ri is g e n e r a lly r e p o r te d l a t e a n d
th e s ta n d p o o r. O u ts id e o f th e s e tw o S ta te s b u t l i t t l e c o m p la in t is
m a d e , e x c e p t a s to th e la t e s e a s o n T h e field s a r e c le a n a n d u o in s e c t
lif e ia a p p a r e n t . F a v o ra b le w e a th e r d u r in g J u l y w ill g o f a r to r e c tif y
a ll p r e s e n t d ra w b a c k s .
O a t s .-—T h e c o n d itio n is 91*5 p e r c e n t, a g a i n s t 91*9 p e r c e n t l a s t
m o n th , a n d 88*8 p e r c e n t l a s t J u ly . W ith th e e x c e p tio n o f Io w a a n d
M isso u ri, th e p ro m is e is fa v o ra b le . F ie ld s a r e u n u s u a lly fr e e fro m
in s e c ts , a n d b u t l ittl e d a m a g e fr o m r u s t r e p o r te d . T h e re a r e In th e
n e ig h b o rh o o d o f 8 2 ,OC0 ,0 0 0 b u s h e ls o f o a ts y e t r e m a in in g i n t h e h a n d s
of p ro d u c e rs , w h ic h e q u a ls a b o u t 9*7p e r c e n t o f l a s t y e a r ’s p ro d u c tio n .
O n tlie f ir s t o f la s t J u ly th e r e w e re h e ld iu th e s a m e p o s itio n 1 3 8 ,0 0 0 ,0 0 0 b u s h e ls , w h ic h w a s a b o u t 18 p e r c e n t o f th e p re v io u s y e a r ’s
c ro p .

f

F o r B tb e r l o b l e i u s u a l l y

LVol . LXVII.

as before, mainly for low and medium grade goods. Over­
coatings have luen in quiet reqilest and cloakings slow.
Dress goods continue quiet throughout and barely steady in
some plain and low grade fancy lines. Flannels and blankets
firm but demand moderate.
Domestic C o t t o n G o o d s . —The exports of cotton goods
from this port for the week ending July 4 were 3,098
packages, valued at $72,510, their destination being to the
points specified in the tables below :
1897.

.... .... 1898.

N e w Y o r k t o J u i . v 4.

W eek. S in e , J a n . 1.

Week. S in c e J a n , 1

G re a t B r i t a i n .............................
O th e r E u r o p e a n .......................
C h in a .............................................
I n d i a ..............................................
A r a b ia ...........................................
A f r ic a ............................................
W e s t I n d ie s .................................
M e x ic o ..........................................
C e n tra l A m e ric a ......................
S o u th A m e r i c a . . . . . . . . . ........
O th e r C o u n tr ie s ......................

37
7
107
12
6 00
65
21 3
35
181
750
85

1,8 7 8
7 25
8 0 ,1 1 7
7 ,8 2 3
1 9 ,4 6 4
7 ,7 3 7
7 .4 8 7
2,3 7 5
3,8 3 5
2 7 ,1 3 0
1 2 ,1 2 0

T o t a l.......................................
C h in a , v ia V an co u v er* ’___

2 ,0 9 8
1,824

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

1,189

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

T o t a l.......................................

3 ,9 2 2

1 7 7 ,0 0 4

1,189

1 6 0 ,8 3 4

.551
17
404

2,8 0 8
2,101
7 2 ,4 8 2
3 ,8 8 7
1 5 ,0 4 9
1 2 ,2 1 2
7 ,6 1 2
1 ,6 9 9
3,9 3 1
2 7 ,2 6 8
2 ,4 8 5

io o
211
38
2 13
1 10
4L

" F r o m N ew K n g ia n a m ill p o in ts d ir e c t.

The value of the New York exports for the year to date
has been $5,978,161 in 1893 against $5,890,711 in 1897.
There has bsen no change in the character of the market
for heavy-weight brown sheetings and drills, the demand
being again quite moderate at previous prises. Sonis light­
weight goods have favored buyers slightly. Business in all
grades of bleached cottons has been on a limited scale, bat
prices ruled steady with bat insignificant exceptions. Cotton
duck still in very limited supply, and prices strong. Wide
sheetings inactive and barely steady. Cotton flannels and
blankets in quiet demand, bat prices well maintained.
Denims dull and ticks slow, without change in price. Other
coarse, colored cottons inactive and featureless. Kid-finished
cambrics barely steady. Business in dark, fancy calicoes
quieter than of late, and other prints dull with ready sellers.
Staple ginghams very steady in price, but current demand
indifferent. Dre33 style ginghams and napped fabrics well
sold for fall and steady, Pri at cloths liive sold to a moder­
ate extent at 2c. for regulars. O ld goods are barely steady.
F o r e i g n D r y G o o d s . — Business f o r fall continues back­
ward. This week’s orders for dre3s goods and silks have
been indifferent in volume. Ribbons, laces and hosiery and
underwear quiet. Linens inactive. Men’s-wear woolens
and worsteds in slightly improved demand.
[tn p o rta tlo u * a u d W a re h o u s e W ith d r a w a l* o f D ry G o o d s

The importations and warehouse withdrawals of dry goods
at this port for the week ending July 7, 1898, and sin e s

January 1, 1893, and for the corresponding periods of last
year are as follows:
pi
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1 8 ,5 9 8

N ew York, F riday, P. M„ July 8, 1898.
Business during the early part of the week was practically
at a standstill. Monday was a close holiday, and its influ­
ence was very perceptible Tuesday and Wednesday. Yester­
day there were a fair number of buyers in the market, and
at the close the demand shows material improvement. Sell­
ers are looking for a further increase in the attendance next
week and a steady development of buying during the rest of
the month. Tuis explains why the market for cotton goods
has remained quite steady in spite of slow trade. Sellers
have refrained from pressing stocks upon buyers in
either staple or fancy lines, preferring rather to aw ait
the broadening of their outlets to endeavoring to effect a
present more liberal movement by price concessions. The
reports whioh have been received during the week from outof-town markets continue encouraging. Trade in all the
chief distributing centres is healthy, and the outlook presents
no disagreeable feature. Reports on financial conditions are
good and collections satisfactory. In the woolen goods divis­
ion of them irk et some new lines for next spring have opened
at lower prices than generally expected, but the situation for
the coming season is not by any means defined yet.
W o o l e n G o o d s . —Chief attention has been given this
week to the opening up of new lines of serges for men’s
wear for next spring, and the prices named on some leading
makes, such as 72! ,<• for 10 ounces and 82‘^c. for 11 to 12
ounces, have been a disappointment to the majority of sell­
ers. These prices, while abont 5 per cent higher than those
quoted at the opening of last season, are fully 5 per cent be­
low the prices made later. Some other lines of low grades
in cheviots and easMmeres, upon which prices have been
named show a like condition, and indications are that the
spring season will not maintain the full advances made sub­
sequent to the opening of last season. The reorders for heavy,
weight woolens and worsteds have been on a fair scale, but

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THE CHR0N1CL bl.

JULY 9, lSJS.j

P a g e.
L o c a tio n .
R ate.
M a tu r ity .
3 9 .. A tla n tic H ig h la n d s,
X . J ............................... 4ia
1928
3 9 .. A tla n tic H ig h la n d s,
T E R M S OF S U B S C R IP T IO N .
N. i ................................ 4
1928
1 2 0 5 ..
A u d u b o n Co., I a . 4
A u g la iz e Co., O hft
io ... 1899-1916
The I n v e s t o r s ’ S u p p l e m e n t w i l l b e f u r n is h e d without 1 284 56 ....
A v a lo n , P a .......... 4
1903-1928
tx tra c h a r g e t o e v e r y a n n u a l s u b s c r ib e r o f t h e C o m m e r c ia l 1 2 0 5 ..
B a rn e s v ille , O hio.........
5
1899-1913
a n d F in a n c i a l C h r o n i c l e .
1 2 0 5 .. B e a v e r, P a ..................... 5
1899-1927
B e re a , O h io .......... 5
The S t a t e a n d C i t y S u p p l e m e n t w i l l a ls o b e f u r n is h e d 1 2 4 6 ..
1899-1904
without e x t r a c h a r g e t o e v e r y s u b s c r ib e r o f t h e C h r o n i c l e .
1 1 5 2 ..
B e ll C o., T e x a s ... 5
11908-1938
The S t r e e t R a i l w a y S u p p l e m e n t w i l l l ik e w is e b e f u r ­ 1 1 5 2 .. B elle v u e , O h io .............. 5
1899-1912
nished w i t h o u t e x t r a c h a r g e t o e v e r y s u b s c r ib e r o f th e 1 1 5 2 .. B in g h a m to n , X . Y ___ 3143 A ug. 1 ,1 9 3 4
39 .B ir a I s la n d , M in n ___ 5
1918
C h r o n ic l e .
r t h C ity,M inn. 5
1899-1938
The Q u o t a t io n S u p p l e m e n t , is s u e d m o n t h ly , w i l l a lso b e 1 1 35 92 .... B lu eBElua ffto
n , O h io ..... 5
f a m i s h e d w i t h o u t e x t r a c h a r g e t o e v e r y s u b s c r ib e r o f th e 1 1 5 2 .. B ra d le y B ea c h , N. J . . 6
1 2 0 5 ..
B ra d le y B each, N . J5. .
i 1908-1928
C h r o n ic l e .
to n , 111................. 5
11903-1918
TERMS for the C h r o n i c l e w ith the four Supplements 1 2 84 66 .... B rigBh ris
to l Co., M a s s .........
4
J u n e 1 8 ,1 9 0 2
above named are Ten Dollars w ithin the United States and 1 1 5 2 ..
B ris to l, Y a ............ 5
U 9 0 8 -1 9 2 8
g G re e n , O5hio. 1899-1903
Twelve Dollars in Europe, which in both cases includes 1 2 34 69 . . B uffaloBCo we nlin
te r, I a ___ 6
11908-1918
postage.
________
1 2 4 6 ..
B uffalo, X . Y ........ 3ki
1899-1918
1 2 1 6 ..
B uffalo, X .Y ........ 3ki
1903-1907
Terms of Advertising—(Per inch space.)
1 2 4 6 .. B uffalo, X . Y ................. 3
J u n e 1 5 ,1 8 9 9
B uffalo, N. Y ....... 3ia J u ly 1, 1899
T r a n s ie n t m a t t e r (e a c h tim e )$ 3 5 0 I T h r e e M o n th s (13 tim e s l. .$ 2 5 00 1 2 0 5 . .
8 6 .. C a la v e ra s Co. (Cal.)
s t a n d in g b u s in e s s c a r d s .
S ix m o n th s
(2 6 tim e s ) . . 43 00
P a lo m a S chool D i s . . 8
1899-1907
T w o m o n th s (8 t im e s ) ........... 18 0 0 I T w e lv e M o n th s (52 tim e s ) . 58 00
1 2 0 5 ..
C am d en , X . J ...... 4
J u n e 1 ,1 9 1 8
1 1 5 2 .. C a r th a g e , O hio ............. 6
1893-1908
1 2 4 6 ..
C e d a r R a p id s (la .) In M U N IC IP A L BOND S A L E S I N JU NE.
d e p e n d e t Soh. D ie t. 4
11903-1908
1 1 5 3 ..
C h a m p a ig n Co., O hio
Although the amount of sales recorded for the
(2 is s u e s )..................... 6
1898-1903
1 1 0 2 ..
C h a rlo tte , X. Y ... 4*2
month of June does not approach the totals for the 1 2 0 6 .. C hicago, 111.......... 3ia J u ly 1928
1, 1918
39..
C h ic ag o (111.)Sanitary
same month in previous years, yet the result is a very
D is tr ic t......................... 3>a J u n e 3 0 ,1 9 1 8
3 9 ..
C la rio n (Ia.) School
satisfactory one. The comparison is all the more
D is tr ic t......................... 4*2 U 9 0 0 -1 9 0 8
1 2 4 7 ..
C le v e la n d , O h io . 4
O ct. 1, 1908
pleasing when we notice that in previous years the 4 0 . .
C le v e la n d , O h io ..........
4
S e p t. 3 0 ,1 9 2 6
m b u s (N eb.) Sch.
June aggregates embraced a number of large issues, 1 2 4 7 .. D iCs tor lu
i c t ........................ 412 11908-1918
O hio .. 4
J u n e 1 ,1 9 1 8
while the present year the distinguishing feature is 1 14503... D e lpChoolus, mObhuios,..............
5
1916-1920
T 6
1898-1906
the very large number of the smaller issues. Indeed 11 22 40 76 .... DD ee nn vv ee r,r, CC oo l.......1
l.......
6
1 898-1906
6
1915
the number of municipalities emitting bonds and the 1 14503.... D e n vEear,s tCColel .................
v e la n d , O hio.
5
J u n e 1 ,1 9 1 4
number of issues placed on the market, is in excess of 1 2 0 6 .. E a s t S t. L o u is, 111___
11899-1902
6
4 0 ..
E lk h o rn , W ls .. 5
1900-1909
that ever before recorded in these columns in any
4 0 ..
E lk to n (K y.) Sch.4*2
Dis. U 9 0 8 -1 9 1 8
monthly review. It speaks well for the condition of 1 2 4 7 .. E l y r ia (Ohio) S ohool
D is tr ic t........................ 6
1899-1918
the municipal bond market that in many cases this 1 1 0 2 .. F a ll R iv e r, M a s s . 4
1918
1 2 4 7 ..
F a ll R iv e r, M ass. 4
J u ly 1, 1928
class of securities commands almost as high prices now 1 1 5 3 .. F e rg u s F a lls, M in n 4b)
...
1908
4 0 ..
F e rtile , M in n ................
6
J......................
u n e 1 ,1 9 0 8
as prevailed prior to the commencement of the war.
4 0 ..
F li n t (M inn.) U n io n
1900-1903
S ohool D is tr lo t.......... 4
The total amount of municipal bonds marketed 1 2 0 6 .. F o r e s t. W is .......... 5
1 2 0 6 ..
F o s s to n , M i n n ... 6
during the month of June 1898 was $9,690,325, not
4
4 0 ..
F o x b o ro u g h , M ass___
1903-1908
4LJ
n k lin Co , K y ........
1918
including $5,891,024 of temporary loans reported. 11 22 44 77 .... GF raarfie
1910-1915
ld , X . J ....... 5
1 2 0 6 ..
G e n ese e (Id ah o ) Soh.
This total compares with $16,385,065 in June 1897
J u l y 1, 1908
D is tr lo t........................ 6
rg e to w n (O h io )
and $7,036,926 for May 1898. In April 1898 the sales 1 1 5 3 .. G Se oohool
D is tr io t........ 5 • 1899-1911
1 2 0 6 ..
G le n v ille (Ohio) Sch.
amounted to $3,570,963.
1 899-1912
D is tr io t........................ ft
1899-1903
1
1
5
3
..
G
ra n d R a p id s, M ic h5..
The number of municipalities issuing bonds during
4 3 ..
G r a n t (C al.) Sohool
1899-1904
6
D
is
tr
io
t.........................
June was 205 (emitting 235 separate issues), as against 1 2 4 7 .. G re e n w ic h , O h io ........
6
1918-1920
4 0 ..
G u s ta v u s (Ohio) Sch.
142 (emitting 163 issues) for May 1898.
D i s t r i c t ....................... 5
1899-1901
4*2
The sales of large amount were few, as already stated. 1 2 4 7 .. H a o k e n s a c k , X. J ........
1908
1153 ..H a m ilto n , O h io ............ 4*2
4*2
1928
1
2
4
7
..
H
a
rris
o
n
,
X
.
J
.....
The following comprises all those of $250,000 or over:
Deo. 1 ,1 9 2 7
120 6 . .
H a v e r h ill, M a s s . 4
The Philadelphia, Pa., $1,306,000 serial loan, awarded 1 2 0 6 .. H e m p h ill Co., T e x —5
1899-1903
v ille , X . Y .. . 6
to the Commissioners of the Sinking Fund at par for 1 2 44 71 .. ..H o r n e lls
H o rn e lls v ille (X. Y.)
1 900-1904
S chool D iet. Xo. 1 . . . 5
three per cents; the New Orleans, La., $500,000 5 per 4 1 . .
H u n tin g to n ( M a s s .)
4
cent 2-40 year (optional) drainage bonds, awarded at 1 1 5 4 .. F ireH Du roisntr,icOt...............
1899-1910
h io ........ 6
1 2 4 7 .. 1 .d ia n a p o lis (Ind.)
from IOG'30 to 101; the Indianapolis, Ind., $260,000
4
J
u
n e 3 0 ,1 8 9 9
S chool D is tr io t........
11903-1908
5
4 per cent 1-year school loan, awarded to Denison, 11 22 4477....I r o n Jtoa cnk, sOohnio, ...............
41*
J
u
ly 1 5 ,1 9 1 4
M ic h ...,........
1899-1903
ic h ..... 4*3
Prior & Co., Cleveland, at par, less $975 commission, 11 22 44 77 .... JJ aa cc kk ss oo nn ,, M
J
u
ly 15, 1913
M ich ..... 4^2
U 8 9 9 -1 9 0 8
. J o p lin , M o ..................... 5
and the $250,000 3£ per cent 1-20 year Buffalo refund­ 11207
2 4 8 ..
K a n s a s C ity ,M o . 7
7
8 7 ..
K a n s a s C ity , M o ..........
ing park bonds, awarded to Street, Wykes & Co., New
1938
8 7 ..
K im b le C o ..T e x a5s ___
U 9 0 8 -1 9 1 8
4 1 . .L a C ro sse , W ls ............. 4
York, at 102-02.
1 2 4 8 ..
L a v a o a Co , T e x . 5
1899-1938
5
L e e C o .,T e x a s .............
In the following table we give the prices which were 4 1 . .
1899-1902
4
11 5 4 . L e R oy, X . Y .............
41 ..L e R o y (X. Y.) Sohool
paid for June loans to the amount of $8,424,159
1899-1902
D is tr ic t X o. 1 ........... 3*85
iasued by 158 municipalities. The aggregate of sales 1248 .L iv io g s to n C o .,X . Y .. 413 1900-1905
1899-1908
4 1 ..
L im a , O h io ..... 5
U 8 9 8 -1 9 0 9
6
for which no price has been reported is $1,266,166, and
4 1 ..
L o g a n C o .,O k la ..........
1 1 5 4 ..
L o w e ll (M ioh.) Sohool
he total bond sales for the month $9,690,325. In
D is trio t X o. 1 ............
1 1 0 3 ..
L u c a s Co., O h io . 5
the case of each loan reference is made to the page of
4 1 ..L vnn, M ass
. ... 4
4 s .). 1899-1908
e n , M ass (4 is
the C h r o n i c l e where a full account of the sale is 1 145 14 ... . M aMn ald
1913
d a n , X. D a k . 5
1899-1903
6
, O hio ...........
given, the smaller page numbers being found in the 1 24017. ...M a n sfield
M a ric o p a Co. (A riz.)
U 9 0 8 -1 9 1 8
S chool D ist. X o. 7 .. 7
current volume.
1248 .M a rin Co. (Cal.) S an
1899-1908
J c s e B ond S a l e s .
R a f a e l School D ie t.. 5
1900-1911
5
1 2 4 8 ..
M a r tin ’s F e rr y , O hio.
A m o u n t. Price.
M a tu r ity .
P age.
L o c a tio n .
R a te.
1
2
0
7
..
M
e
c
h
a
n
lc
sv
ille
(X.Y.)
$ 1 2 ,0 0 0
1918
8 5 . . A b e rd e e n , S. D a k ... 5
S ohool D is tr io t........
4 1 .0 0 0
1 8 9 9 -1 9 0 4
1 2 4 6 A k ro n , O h io ................. 5
1928
4 1 .. M e rid ia n . M iss ............. 6
11908 1928
200 ,0 0 0 )
1 2 0 7 . .M e tro p o lis , 111............. 4
1 8 9 9 -1 9 1 8
3 9 . . A lb a n y , X. Y ................ 3Hi
tl9 0 3 -1 9 0 8
3
4
1
..
M
ic
h
ig
a
n
........................
7 .0 0 0
1 8 9 9 -1 9 0 2
3 9 ..A lI ia n c e ( 0 .) Sch D is. 5
1906-1915
1 2 0 7 . .M id d le s e x Co., M a s s .. 4
80 .0 0 0
1903-1928
3 9 . . A n d o v e r. M a s s ........... 4
1900-1902
4 2 .. M in n e s o ta ...................... 4
5.0 0 0
1903
1152 . A tla n tic C ity , X. J . . . . 41*

S tate

and

C it y D

epartm ent,

S3
A m o u n t.
$ 00,000 \

Price.
■ 10101

3 9 .000 j
22.000
98-432
18.000 109*26
26,000 100*375
2,557 104*66
28,000 106*187
3,000 102*433
o
53,000 ; io
103
7,000 104*929
4 ,0 0 0 102
12,000 100
36,000 104-44
6,000 103*53
6,000 104
20,000
99
12,000 100
100,000 102*497
15,000 100
5,000 102*425
4,2 0 0 108*785
250,000 102*02
84,548 101*02
5,575 100
2,210 100
1,800 100
85,000 107*27
264 103*03
7 3 ,000

100*40

3,866
2 5 ,000
9 8 ,000

104*811
101
103*66

200,000

10366

6,000 100
2 35,000 105*34
240,000 112-536
2 5 ,000
10,000
5,000
9,300
15,225
6,000
10,000
7 8 ,300
10,000
13,700

101*320
100
104*685
100
100
100
110*81
s 101-08
i 100-057
104*515
96 075

10,000 117
2 5 ,000 109*06
100,000 113-333
10,000 101*67
6,000 102-833
16,000 100*781
10,000 100
12,000 101*667
15,000 103*89
62,000 100
4,800 104
5,000

100*66

12,500

105*61

22,000 107*05
200,000 103*53
1,100
3,000
3,000
11,000
1,053
94,300
50,000
8,500
9,5 0 0

103-208
115
101*75
100-36
100
106*55
111*70
100
105-50

10,000

104-624

25,000
12,000

107*26
108*611

9 9 -6 2 3
2 60,000
7,000 1 0 4 0 7 1
10,000 108-687
13,000 101-252
8,500 108 2 7 4
30,000 100
139,892 100-50
1 07,819 101-01
12,000 100
25,000 102-772
3 3 ,000 1 0 1 0 6 6
40,000 100
12,000 100-31
8,0 0 0 100
3 0 ,000 103-84
12,000 106-843
18,000 100
3,000 102-334
50,000 101-77
2 5 .000 111-587
24.000 102*20
15,0 0 100-50
24,450 105-302
3,0 0 0
15,000
6,0 0 0

104
101-20
102-70

2 0 ,0 0 0 102-26
20,000 105
35,000 100
191,300 100
2 00,000 106-655
2 00,000 101-8105

84

THE CHRONICLE.

A m o u n t. P ric e .
M a tu r ity .
P age
L o ca tio n *
R a le ,
$ 8 0 ,0 0 0 113-696
1 2 4 8 M ilw a u k e r, W la _____ 5
1899-1918
1 8 9 9 1938
2 5 .0 0 0 103-383
4 2 . . M o n ro v ia , C&\.............. 6
3 ,0 0 0 107*80
4 2 ..
M o n te v id e o * M in n .. . . 6 1908
1 7 ,0 0 0 102*941
1 2 0 8 ..
M o n tg o m e ry C o., l a . . 4Va
3 6 .0 0 0 100
1908*1932
1 2 4 8 M o rg a n to w n , \V. V a . . 4**
6 ,0 0 0 1 0 5 1 7
4 2 .. M o u n t S te rlin g . O ___ 0
1 8 9 9 -1 9 1 0
42 . M o u n t V ern o n (O hio)
2 5 ,0 0 0 110-396
11903-1918
S ch o o l D ts ir io t......... 6
1 1 5 4 M u rra y (Io w a I n d e ­
8 .4 0 0 1 0 1 1 2 8
1 8 9 9 -1 9 0 7
p e n d e n t Seln»ol D U . 5
2 0 ,0 0 0 103
1 1 5 5 ..
N e p tu n e C ity , N. J . . . 0 1 8 9 9 1 9 0 3
100*30
5 0 0 ,0 0 0 10L
1 3 4 8 . N ow O ilc a n s , iu*........ 5
11900-1938
1 2 4 8 .. N o w P a y n e s v l l i e ,
8 ,0 0 0 1 05-0625
M i n n . . . . .................... . 5
1918
1 2 4 9 ..
N o rth H e m p s te a d <N.
V.) U n io n F io o S o h .
1 4 ,5 0 0 100*345
1 9 1 4 -1 9 2 7
D is tr ic t No. 5 ............ 4 h
1 8 9 9 -1 9 2 8
3 0 ,0 0 0 111-537
1 1 5 5 N o rw a lk , O hio ............ 5
6 .0 0 0 102*22
1 * 4 9 . OdeU, 111....................... . 5
1 2 0 8 ..
0 . i o ........................ 8
J u ly 1 ,1 9 0 3
2 0 0 ,0 0 0 100*0^56
1 5 ,0 0 0 1 00-50
4 2 . .O n eo n tH . N . V . . . . . . . 3*65
1 9 0 3 -1 9 1 7
1 2 0 3 . .O r a n g e Co. (C a l.' L a o 9 ,0 0 0 1 0 5 0 1
re l S c h o o l D is tr ic t.. ••
5 0 ,0 0 0 102
1 2 4 9 .. O sh k o sh , W la. ............ 4
1918
2 ,0 0 0 100
4 2 . O #ago C ity , K a n . . . . . . 5hj
3 5 ,0
8 8 ..
u w o f ts o ,M e h ............... ......................
5 00
1 8 9 9 -1 9 0 3
1 5 ,0 0 0 100-108
1 9 0 9 -1 9 1 3
8 8 ..
0 .o ftS O ,M lo h .. 5
1904 ......................
1 ,0 050
8 8 ..
0.vo.*60, M ic h ......................................
115 5 . P a n a , I I I .......... . . . ........ 4
1 0 2 ,0 0 0 100
11 9 0 8 -1 9 1 8
1 2 0 8 ..
P o iu h e rv iIle ( O h io )
4 ,0 0 0 101-30
S ch o o l D is tr ic t............. .
1 ,3 0 6 ,0 0 0 100
4 2 - P h ila d e lp h ia , P a .......... 3
1 9 0 8 -1 9 2 7
8 8 . . P in c k n e y v ille
(111.)
S ch o o l D i s t r i c t ___ _ 4
7 ,0 0 0 1 0 0 0 1 4
1 9 0 0 -1 9 1 3
1 1 5 5 .. P ip e s to n e Co., M in n .. 4
3 0 ,0 0 0
99-08
J u l y 1, 1 9 0 8
4 2 ..
P la c e n tia (Cal.) Sob.
2
,5
0
0
1
0
6-6 8 6
D is tr ic t.......... ............ 7
1900
4 0 ,0 0 0 1 0-75
1 2 0 S . .P o lk C o., M in n ............. 6
1908
2
0
j
'0
0
114*05
1 2 0 5 ..
P o r ts m o u th , O h i o . .. . 5J u n e 2 7 ,1 9 1 8
1 2 4 9 .. R ea d lu g . M ass ............ 4
5 ,0 0 0 109*68
1 1 5 5 .. R e d O a k (Ia .)S e h .D is, 4
11903
1 7 ,0 0 0 > 1 0 0 6 2 5
11903
1 5 ,0 0 0 )
1 1 5 5 .. R ed O a k (Ia .)8 c k . D is. 4h>
4 0 .-R o s e d a le (C al.) Soh.
7
1 9 0 0 -1 9 0 3
1,2 7 5 101*569
5 0 ,0 0 0 101-23
1 2 0 3 .. S a g in a w , M i o h ............ 4
1 8 9 9 -1 9 0 3
J u l y 1, 1918 1 5 ,0 0 0 105*30
1 2 0 8 .. S a g in a w , M id i.............. 4
1 1 5 6 ..
5 .n d u s k y . O h io ... 4^2
1 9 0 0 -1 9 0 4
3 0 ,0 0 0 102*15
1156.
-S ed a lia , M o ....... .
2 1 ,5 0 0
96-65
1249..
5 0 . e r v i l l e , M aas. (2
is s u e .'/........................... 4
1 8 9 9 -1 9 2 3
1 7 6 ,0 0 0 105*26
1 0 ,0 0 0 1 20-59
1 2 4 9 ..
5 .r in g f ie ld , O h io ____
5 ___________
1 9 1 8 -1 9 1 9
1 2 4 9 .. S p rin g fie ld (Oliio)Soh.
1 9 0 2 -1 9 0 4
D is tr ic t....................... 5
1 5 ,0 0 0 1 0 5 2 46
8,000 xoi-io
1 1 0 5 .. S tr o u d s b u rg , P a .......... 4
J u n e 1 ,1 9 1 3
1 1 5 6 .. S w a n to n , O liio............. 6
7 ,0 0 0 104*157
1 8 9 9 -1 9 0 8
1 9 0 1 -1 9 2 0
2 0 ,0 0 3 103-379
1 2 0 9 . .S y c a m o re , O h io ,.......... 5
9 0 ..
T h u r s to n Co. iW ash.)
School 1>'!'!. N0. 4 4-. 6
3 ,4 0 0 1 00
1 9 0 3 -1 9 1 3
1 2 0 9 ..
T ro y , O h io ............. 4^2
1 5 ,0 0 0 100*543
1908
1157.
-T u la re Co. (C al.) Sell.
D i s t r i c t . . . . . . . . : ___ 8
1 9 0 0 -1 9 0 1
5 0 0 1 08
4 ,0 0 0 105
1 2 0 9 -.U n a d ilIa , G a ................. 8
1 9 0 3 -1 9 1 8
1 2 4 9 ..
V a lle y C ity , N . D a k ..
5 ,0 0 0 103 34
1 9 0 1 -1 9 0 3
1 2 4 9 ..
V e rn o n (M ich.) S c h o o l
D is tr ic t No. 7 ............ 5
1 9 0 6 -1 9 0 8
3 ,5 0 0 1 0 3-0 5 7
1 1 5 7 ..
V in to n (la .) Sell. D is
2 0 ,0 0 0 100
4.
1 8 9 9 -1 9 0 8
4 3 . . W a rre n , O h io ____ . . .
3 4 ,0 0 0 104*412
1 2 4 9 .. 1 .a r r e n s b u r g
(Mo.)
Seh. D is t. (2 issu e s.) 4*3 11903 -1 9 1 8
2 7 ,5 0 0 100-209
1 2 1 0 ..
AVa s h in g to u C o ., M d4..
1918
5 0 ,0 0 0 105*165
J u l y 1 ,1 9 1 8
1 5 0 ,0 0 0 107*825
1 2 4 9 .. W a s h in g to n C o., M d .. 4
1 2 1 0 ...W a s h in
‘ g to n C~o .M
- e.
4
11923 -1 9 2 8
20 J ,0 0 0 100*875
1249... W a sliin g to u (O il i o)
1 ,8 0 0 10 0-388
6
1899
44.
4
1 9 0 3 -1 9 1 2
6 0 ,0 0 0 102*520
1106.
1
5 3 ,0 0 0 102*75
1 8 9 9 -1 9 0 8
1 1 0 6 . .W a te r v lie t, N Y ........ 4
1 2 ,0 0 0 100*75
1 8 9 9 -1 9 0 1
1210 . .W in c h e s te r (LH.) Soli.
D is tric t N o.
........ 5
8 ,0 0 0 103
1 8 9 9 -1 9 0 8
1 2 4 9 . .W in c h e s te r, M a s s ___ 4
1 9 2 6 -1 9 2 8
3 3 ,0 0 0 31.1*48
1 2 4 9 . .W in c h e s te r, M a s s ___ 4
1 9 0 2 -1 9 0 4
1 4 ,0 0 0 1 0 3 0 3
1210 . .W iu n e tk a (111.) S ch o o l
5
*1903
2 0 ,0 0 0 1 0 5 0 1 5
44.
4
3 6 ,0 0 0 1 0 1-39
F e b . 1 .1 9 0 1
1 2 5 0 . .Y o u n g s to w n , O h io .. . 5
1 8 9 9 -1 9 0 3
2 ,5 0 0 103*27
4 4 . .Y o u n g s to w n , O h io ... 5
1 8 9 9 -1 9 0 8
8 ,2 7 5 105*857
44. .Y o u n g s to w n , O n to ... 5
1 8 9 9 1901
6 5 0 1 0 2 3 07
38, c o v e r in g 185
s e p a r a te i s s u e s ) . . . . . . . . . . . ............................... $ 8 ,4 2 4 ,1 5 9
A g g r e g a te o f a a lo s f o r w h ic h n o p r i e s h a a
b e e n r e p o r t e d (47 m u n ic ip a litie s , c o v e r in g
5 0 s e p a r a t e is s u e s ) ................................................
1 ,2 6 6 ,1 6 6
T o t a l b o n d s a le s f o r J u n e , 1 8 9 8 .................. 1 ^ 9 ,6 9 0 ,3 2 5
* A - ‘ rare, o f d a te s o f m a t u r i t y , r S u b je c t to c a ll in a n d a f t e r th e
e a r l i e r y e a r a n d m a tu r e i n t h e l a t e r y e a r . .’ N o t in c lu d in g $ 5 ,8 9 ; ,024
o f te m p o r a r y lo a n s r e p o r te d a n d w h ich d o n o t b e lo n g in th e lis t,
f Is su e d to c o n tr a c to r s in p a y m e n t fo r w o rk d o n e.

In the Cheo s t o l e of June 4, 1898, page 1101,
* list
May bond sales amounting to $6,994,476
will i) found. Since the publication of that statonieir we have received the following additional reports:
A d d it io n At, M a t B o n d S a l e s .
P ane.
L o c a tio n .
R a te .
M a tu r ity .
A m o u n t.
P r ic t
1 1 5 3 . .E r w in (N\ Y .) S ch o o l
D is tr ic t N o. 1 .........
4
1 8 9 9 -1 9 0 2
$ 2 ,8 0 0 100
4 0 . .G le n o ld e n , P u .............. 4
3 1 50 5 100
11908 1928
101.03
1 1 5 5 . . Q ra n g e C o . (Ca I.) F o u n ­
ta in V ol. Soli. D i a l . .
1 ,5 0 0 102*867
1 1 5 5 . . P r o tts b u r g , N \ Y ........ 3 *
11903 -1 9 1 8
1 5 ,0 0 0 100
1 1 5 7 . .44 a U in g to n , 5 - J .......... 4 hi
1928
2 0 ,0 0 0 1 0 0
T o ts', u ld ltlo u a l s a l e , l o r S la y ................................. $12,-150

These additional loans will make the total sales
(not including temporary loans) a3 reported for May
1898 amount to $1,030,926,

[V ol . LXVII

Alessandro (Cal.) Irrig a tio n D istrict. - Bond Litigation.
—We take the following dispa ch from Las Angeles, Cal.,
dated June 29, 1S98, from the Chicago “ Inter Ocean” of June
30,1893: “ United States Circuit Judge Erskiue Ross to-day
rendered an opinion in the case of the Alessandro Irrigation
Distr et against the Cleveland Savings & Trust Company, in­
volving the validity of t he bonds of the Bear Valley and Perris
Irrigation districts. Judge Ross decided that the defendants
have a right to attempt to show that $500,00J of the bonds are
invalid, to prevent their passing into the hands of many differ­
ent purchaser*. The opinion prevents any attempt to dispose
of the bonds.”
Baltim ore, Md.—City Stock Not Exempt from State of
County Tux.—An opinion of John T. Ensor, counsel for the
Baltimore County Board of Commissioners, has been printed,
in which he states that “ city stocks owned by residents of
the county are not exempt from taxation by the laws of this
State, and therefore are subject to valuation and assessment
for county as well as State purposes. While these stocks or
bonds.” Mr. Ensor says, “are not liable to taxation for citv
purposes by reason of the ordinance under which they are
issued, the Legislature of the State has not exempted them
from State or county tax.”
Cook County, Minn.—Ronds Legal.—On June 16, 1888,
Judge E nsign‘filed an opinion establishing the legality of
the *8,000 bonds issued last March for building roads and
bridges. In 1895 two laws were passed, the first of which
provided that bonds could be issued for three different pur­
poses. including road and bridge construction to the amount
of 2%of the valuation. The second, approved two weeks later,
provided that bonds could be issued for roads and bridges to
the amount of \%of the valuation. The suit was brought by
Chris Murphy, who contended that the second law superseded
the first, and th at the issuance of the bonds would make the
county’s indebtedness greater than the 1% allowed. Judge
Ensign ruled that the 1£ law instead of reducing the effect of
the 2%law extended it.
lies Moines, Iowa .—Proposed Purchase of Water-Works.
—An agreement has been entered into between the city officials
and the Des Moines Water-Works Company whereby the
water works plant will be sold to the city for $350,001. The
transfer is to be made Jnly 1, 1899, provided the City Council
ratifies the contract and the question is favorably voted on by
the people.
ilonstonia, Mo.—Tax Decision.—We take the following
dispatch from Sedalia, dated June 4, 1898, from the St. Louis
“ Republic” of June 5, 1898:
Judge Lotigan rendered a decision in th e Circuit- C ourt to -d a y w hich, ils u s
ained by th e high courts, reverses th e alleged rig h t of th e villages and tTTvfti*
to place a lien on real property to s a tis ry th e cost of public im provem ents.
The town o£ H oustouia passed an ordinuuce providing for th e construction of
a sidewalk in fro n t of W. C. G rubb’s property, and w hen he refused to pay the
tax bills, the property was advertised for sale uuder th e lien. Ju d g e Longan
decided th a t tow ns and villages could no t place a lien upon th e property, and
th a t th e ta x bills w ere void. The town of H oustonia took an appeal to th e
Kansas Citv C ourt of A ppeals.

Indianapolis, Ind .—Proposed Purchase of Water-Works.—
The Board of Public Works has under consideration a propo­
sition from the stockholders of the Indianapolis W ater Co.
relative to the sale of the company’s water plant to the city.
The proposition of the water company is as follows: The city
is to agree to pay the company $130,000 per annum hydrant
rental for 25 years, upon which the entire capital stock of the
company will be sold to the city for $300,000 cash, subject to
the mortgage indebtedness of $3,350,000, bearing 5;( interest,
excepting $500,000 due in 1911, which bears 6£ interest. This
indebtedness is to be payable by the water company in in ­
stalments of $75,000 for the first five years and increasing
annually thereafter as the principal is paid, and the interest
becomes correspondingly reduced. This indebtedness is to
be secured by a mortgage upon the water works, and to be in
no sense a liability of the city, and to be paid only out of the
revenues of the water company. The city is now paying a
hydrant rental of $80,000.
Kansas City, Mo.—Bonds Valid.—Oa June 25, 1898, the
State Supreme Court hauded down a decision sustaining
every contention of the city and overruling all the points
raised by the appellants in the North Terrace Park case.
The suit iuvolved the constitutionality of Article 10 of the
City Charter, under which these securities were issued, We
are advised that as a result of this decision, Kansas City will
offer for sale within the next sixty days about a million dol­
lars of these park bonds or securities kuown as “ Park Faud
Certificates.” Mr. D, J. Huff, council for Board of Park Com­
missioners, writes us, saying th at “ in view of the fact that
they (the certificates) are based upon .assessments drawing
1%, and that every possible legal question concerning them
has been settled in advance of their issue, they should be
very attractive to bidders and should net the city a very
handsome premium.
Kidder bounty, N. l > a k . —Warrant Decision —A dispatch
from Bismarck, N. Dak., dated June 4, 1898, to the St, Paul
“Globe” stated that an important decision was filed by the
Supreme Court on June 4, affecting many counties of the
State. The case was that of Darling against Taylor, from
Kidder County, in which the Sheriff brought suit against the
Auditor to compel the issuance of a w arrant to him for cur­
rent expenses as Sheriff. The Auditor olaimed that the
county had reached its debt limit, and no w arrant could
legally be issued. A mandamus case was instituted, and the
action brought to the Supreme Court, which decided that
warrants, in anticipation oi collection of taxes levied for cur­
rent expenses for counties, may he issued even where a conntv has reached or exceeded its debt limit, and that they do

J ri/y 9, 1898.j

THE CHRONICLE.

not augment the debt of the county under the meaning of the
Constitution.
The Court holds that all taxes levied, but not col­
lected, are constructively in the treasury, and while, as a
matter of fact, the entire amount of tax is seldom collected,
still, as a legal theory, all taxes are collected, and debts
against taxes do not constitute additional debts.
Several counties in the State have reached the debt limit
and have not been issuing warrants for years, and this de­
cision will enable them each year, the “ Globe” says, to issue
warrants up to the total amount of the taxes levied, regardess of their financial condition.
Sacramento County, Cal.—Bonds Invalid.—On May 10,
1898, Judge E. E Gaddis, Superior Judge of Yolo County,
sitting in the Superior Court of Sacramento County, handed
down a decision declaring that the $75,000 4# Fulsom High­
way bonds sold February 12, 1898, were illegally issued. The
suit was brought against the county officials on the ground
that the Board of Supervisors has not the power to levy and
collect a tax for county road purposes on property situated
in a municipality within a county. The transcript of the
case has been tiled in the Supreme Court, and Mr, Charles F.
Hughes, Secretary of the Folsom Highway Commission,
writes us that the case will be advanced on the Supreme
Court calendar, and that a decision of the m atter will be
handed down by that Court at an early date.
San Diego, Cnl—Litigation— The San Francisco “ Exam­
iner” on June 2, 1898, contained the following :
“ The city of San Diego held a special election to vote bonds
for the extension of the water system in the amount of
$1,500,000. Albert Meyer, a tax payer, brought suit to set
aside the contract between the city and the water company
and to enjoin the issuance of the bonds. A motion for a
change of venue was made by other tax-payers, who came in
as intervenors on the ground that Judge Torrence, before
whom the matter was to be heard, was an interested party,
being a tax payer, and as such his judgment would decide
whether or not a lien would be placed against his own prop­
erty for the term of forty years—the life of the bonds. The
Judge denied the motion for a change of venue and an appeal
was taken to the Supreme Court. There the order of.the Su­
perior Court was reversed and a change of venue ordered.”
Shoshone County, Idaho.—Bond Litigation.—As stated in
the C hronicle January 29, 1898, W. P. Northrop, County
Treasurer, paid the interest then due on the $280,000 bonds,
claimed by the County Commissioners to be illegal. This act­
ion of the County Treasurer was taken in opposition to an
order from the Commissioners, the Treasurer not recognizing
the right of the Commissioners to treat the bonds as illegal
until so determined by the Conrt. The Treasurer was pre­
paring to remit the July interest at the usual time, when he
was temporarily enjoined from doing so. The matter is now
in the courts. See C hronicle January 29, 1898, December 4,
1897, and November 13, 1897.
Sny Island Drainage D istrict.—Adams, Pike and Cal­
houn Counties. III.—Litigation.—Arguments began on June
7, 1898, in the Federal Court of Appeals on the famous Say
Island Drainage Distiict case, involving over $1,100,009 di­
rectly, and as much more indirectly. The history of the case
as given in the Chicago "Inter-Ocean” is as follows:
The suit Involves 110,000 acres of land, valued at $1,100,000. In Adams, Pike
and Calhoun counties, and special assessments for the construction of a levee
along the .Mississippi River. In 1871 ti»e Legislature authorised certain farmers
owning land between Kail Creek, Adams.Connty, and Hamburgh Bay, on the
east bank of the Mississippi, to construct a levee tlfty miles In length, for the
purpose of preventing annual overflows on their land. Under the act com­
missioners were appointed to make special asses-rnents on the land in order
to raise funds for the construction of the levee. Previous to the making of
these assessments bonds were sold to a large amount, and the money thus
raised was put Into the levoe work. Certain farmers resisted the special as­
sessments, ami declared not only the bonds issued invalid, but that the levee
act of the Legislature was unconstitutional. Tha latter claim was afterward
sustained by tne Supreme Court o f Illinois.
The bondholders sued to secure payment of their bonds before Judge Allan
in ihe United Slates Circuit Court for the Southern District of Illinois, and the
Judgment was rendered against them In favor or the landholders. The hear­
ing before the Appellate Cour» Is an appeal on the part of the bondholders
from the decision of Judge Allen. Th-re are nearly !,00o defendants in the
case, and according to the attorneys the land In question Is a m o n g the most
fertile In Illinois, being made so by the building of the levee.

85

Upon request from the holders of any of the above bonds
ten days before the expiration of this call, the City Treasurer
will arrange for their payment at the Meroantile Trust Co,
New York City; but not otherwise.
Ham ilton County, O h io .- Warrant Call.—Tilden R .
French, County Treasurer, has called for payment July 7,
1898, interest-bearing warrants, drawn upon the “ Countv
Fund.”
Indiana.—Bends to Be Redeemed.—The State Treasurer
has been ordered by the State Financial Board to pay off
$200,000 bonds of the State in July.
Osceola School D istrict, St. Clair County, Mo.—Bond
Call.—The district has called for payment July 15, 1898, at
the Third National Bank, St. Louis, $500 H bond issued Julv
1, 1888.
St. Joseph (Mo.) School D istrict.—Bond Call.—The School
Boardhas called for payment August 1, 1898, at the National
Bank of Commerce, New York City, the following 5%bonds ;
Nos. 3s to 50, inclusive, in denomination of $1,000, and No.
52 for $500, Bonds are dated August 1, 1888, and mature in
1908, subject to call August 1, 1898.
Seattle, Wash.—Warrant Call.—A. H. Foote, City Treas­
urer, has called for payment at bis office, East Jefferson
Street, Twenty-first and Twenty-second avenues. Ordinance
No. 4,760, District No. 150, W arrants Nos. 533, 534, 535, 536,
537, 594, 595. 596, 597.
Trenton, Grundy County, Mo.—Bond Call.—The city has
called for payment August t, 1898. at the National Bank of
Trenton, 5$ bonds Nos. 1 to 5, inclusive, issued Aug 1, 1893.
The city has also called for payment August 1, 1898, at the
City Treasurer’s office, bonds Nos. 1 to 20, inclusive, issued
August 1, 1893. Bonds are in denomination of $1,000, and
bear 5%interest.
Trinidad, Col.—Proposed Purchase of Bonds.—At a meet­
ing of the City Council, held March 29,1898, a resolution was
passed authorizing the purchase of five gold water works
bonds of the issue of April 1,1897, and three public building
and bridge bonds of the issue of J nly 10, 1838. Any holders of
said bonds desiring to sell same are requested to communi­
cate with F. R. Wood, Mayor.

Bond Proposals and Negotiations this
week have been as follows:
Aberdeen. S. Dak.—Bond Sale.—On June 30, 1893, the city
awarded to N. W. Harris & Co., Chicago, $12,000 5% 20-year
refunding bonds, at 104-225.
Akron (Ohio) School D istrict.—Bond Offering.—Proposals,
will be received until 10 A . m., July 12, 1898, by the Board of
Education, Samuel Findley, Clerk, for $10,000 5% refunding
bonds. Securities are issued pursuant with Section 2834a,
Revised Statutes of Ohio, as amended February 20, 1896.
They are in denomination of $500, dated July 29, 1898. In­
terest will be payable semi-annually, and the principal will
mature July 29, 1903. .
Allegany Connty, Mil.—Bond Sale.—On July 1,-1898, the
$50,000 4$ school-house bonds were awarded to Townsend,
Scott & Son, Baltimore, at 103 61. Following are the bids:

T o w n sen d , S c o tt & Son, B a lto — 163*01 i
( $30,000— 102*00
i $6,0o0.. .102*75 I F irs t N atio n al B an k . < 10,000— 102*56G erm an S av in g s B a n k . } 5,000... 103*25 I
( 10,000.... 103*00
( 5,000... 104*25 |

Several bids were received for small lots at from par to 102.
Bonds mature in 1925, subject to call after 1915.
Arapahoe County School D istrict No. 7, Denver, Col.—
Bond Sate.—The district has sold to E. H. Rollins & Sons,
Denver, the $40,000 5i refunding bonds.
Ashland, O hio—Bond Offering—Proposals will be received
until 10 a . m., July 30,1898, for $30,000 or less 5%Main Street
improvement bonds and $16,000 or less 5%Cottage Street im­
provement bonds. Interest will be payable at the First Na­
tional Bank, Ashland. The Main Street bonds will mature
$3,000 every six months from September 1, 1899, to March 1,
1904. The Cottage Street bonds will mature $1,000 every six
months
from September 1, 1899, to March 1, 1907, inclusive.
Ex-President Harrison, counsel for the defendants, in his
Ohio.—Bond Offering.—Separate proposals will
arguments declared that the suit as brought by the heirs of beAshtabula,
received until 12 M., July 30, 1898, by Frank W. Wagner,
Francis Palms, who was the contractor that first built the City
Clerk, for $10,000 5# refunding electric-light bonds and
levee in question, could not be sustained without affecting
5% refunding street-improvement bonds. Securities
the political organization of Illinois. He said the law under $4,010
issued pursuant with Section 2701, Revised Statutes of
which the assessment for the levee had been made had long are
and authorized by ordinance passed by the City Coun­
ago been declared unconstitutional by the Supreme Court of Ohio,
May 17, 1898. The electric-light bonds are in denomina­
the State, and the Constitution of the State would have to be cil
tion of $1,000, and mature one bond every six months from
changed if the decision was upheld.
April 1, 1911, to October 1,1915. The street-improvement
bonds are in denomination of $5 0, payable every six months
from April, 1899, to October, 1902. Interest on above bonds
Bond Calls and Redemptions,
will be payable April and October, at the office of the City
Aberdeen, S. Dak.—Bond Call.—The city has called for Treasurer. A deposit or certified check for $500 on some
baDk
in Ashtabula must accompany each proposal.
payment August 1, 1898, $12,000 bonds.
Callaway County, Mo.—Bond Call.—The county has called
Auglaize Connty, Ohio.—Bond Sale.—On June 29, iSJS,
for payment August 1, 1898, at the National Bank of Com­ the $18,000 5%1-18-year (serial) bridge bonds were awarded to
merce, New York City, or at the County Treasurer’s office, Farson, Leach & Co., Chicago, at 109-26.
Augusta, Ga.—Temporary Loan.—The city has negotiated
5% bonds Nos. 251 to 383, inclusive, issued August 1, 1887.
Denver, Col.-B o n d C all.-T h e City Treasurer has called a loan of $100,000 at 4%%.
f< r payment July 24, 1898, the follow ing bonds and warrants:
Aurora ( III.) East Side School D istric t—Bond Election.—
C ap ito l H ill S .n lta r y S ew er D is tric t No. I—B onds N os. 150 to 160, both in- An election will be held July 16, 1898, to vote on the ques­
elusive.
tion of issuing $10,000 4%% school-building bonds.
S o u th Hide S a n ita ry S ew er D istric t .Vo. 2—Bond No. 1.
no
, QQ
Danger, Me.—Wo New Bonds.—A report has been current
T h irteen * h Street, Sa* itn ry S ew er D istric t R efu n d in g W a rra n ts Nos. vsanaww.
C o u rt Plsi-e P av in g D is tric t Bo ds Nos. 00, 01 a n d 02.
that tne city is considering the issuance of 820,000 school
P a v in g D is tr ic t N o. 2 —B o n d N o. 1*5.
11T
bonds. In reply to our inquiry, Mr. Henry O. Pierce, Oity
W a rra n t* of K-i-t D en v er Sidew alk D is tric t N o.2 Non. 10.47.
‘ l 3- y.0,
118, 1HO, 181. 241, 246. ' 10. 207, 208. 006. »'>'}. 044, 45, ft02, 303, 309, -C , '414, 128, . Treasurer, writes us that the report is incorrect and that the
o,„. 510.
U..„ ....
432. 433, 13i. 1 14. 177. 187, 4*8. 4H9. 4 -0, JOT. 4lM, 4011, 514. 615.
' ' . 665, 602.
672.
808
.
t'U,
85o,
part
508, 026. 020,027. 028, 029, 030, 081, f 32, 667,668, 660, 000,
city does not contemplate issuing any bonds.
Of 1"6, 247. 24**, 240, 250. 2 1, 301. 6« \

8 ti

THE CHRONICLE

rvoL. L r v n ,

B«U(*llle l111.) School D istrict .—Bond Election.—An
Bonds Authorized.—The City Council has passed ordinances
lection will bo held July 28. 1898, to vote on the question of providing lor the issuance of $50,009 - i f (biddings Brook
bonds ami $100,000 -1 bridge bonds. The above bonds will
»h Defeated.—A t the election held July he in denomination of $1,000, dated October 1, 1898, Interest
Blakely, tis.ition to tone $10,000 water works bonds will be payable semi-annually and the principal will mature
October L 1918.
,
B lanchr-ter, Ohio.—Bonds Defeat'd.—At the election held
Concordia, Mo.—Bids Rejected.—Bond Offering.—All bids
line
lSt«s, the question of issuing $6,000 water bonds was received July 1. 18ns, for the $5,030 !j; water-works bonds
were rejected bv the Board of Aldermen. New bids are
Bozeman, Mont. Bond Sale —On July 1, 1898, the $7,000 asked for until July 15, 1898, lor these bonds, a description
; 10.20-year {optional) city nail funding bonds were awarded of which will he found in the C h r o n ic l e of July 2,1898, p. 40.
> Nelson Store of Bozeman at par, plus all expenses of preDayton (Ohio) School D istrict ,—Bond Sole.—On July 1,
Following a r e the bids :
stimnte at $!
1898, the $83,000 4 school bonds were awarded to N, W.
......................................turn oo Harris & Co,, Chicago, at 103-SOand the $30,000 47 refunding
....................................... roo to
. ___ ____ -................................ ... 7* oo library bonds to the New First National Bank, Columbus, at
..... ......................... 100 0018500
103’75. The ecbool bonds mature $38,000 July 1, 1911, and
................................
C h r o n ic l e May 28, 1898, p. $50.(00 July 1. 1912. The library bonds mature July 20,
rf bonds
1909. For further description of bonds see C h ron icle "June
Bonds to be Issued.—We are advised that the city will prob­ 18, 1898, p. 1206
Denver, Col.—Bond Sale.—In the C h r o n ic l e last week w e
ably . :lCr for sale at an early date §105,1)00 water bonds.
that the city had sold on July 1, 1'98, the $6,000 65!
lirnddoek I Pa.) School D istrict .—Bonds Voted.—On June stated
28, 1808. this district voted in favor of the issuance of §55,000 17 year Fourteenth" Street Viaduct bonds at- par. The pur­
bonds : • I ulld a new school-house in the Second Ward. The chaser of these bonds w a s W. R. Robinson of Denver The
Central Trust Oompanv hid $6,035 55 for the bonds, but the
vote was 879 to 17.
Brighton, 111.—Bond Sale.—The village has sold to Blod- bid was conditional and therefore rejected.
Duluth. Minn.—Bids.—Following are the bids received
get Bros. & Co.. Brighton. $12,000 5%refunding bonds at par.
.Securities are issued to refund a like amount of 6$ railroad- June 27, 1893, for the $955,000 4%gas and water bonds :
B. H. G ot & Co., par and accrue 1 interest.
aid bonds. They are in denomination of $500, dated May 1, John
F. Dillon, Now York (for $25,000), 100*60.
American Exchange Batik, Duluth (for $25,000), par.
l-oS. Interest will be payable annually, and the principal
First
Bank. Duluth (for $25,000), par.
will mature 20 years from date of issue, subject to call after H. E. National
Smith, Duluth ($10,000), par and interest.
New York Security & Trust Co., par, less $66,850 commission
five years.
son, Loach A Co , par, less $00,260 commission.
Buffalo, N V. Bond Ordinance Vetoed.—The Mayor has Far
W. ,T, Hayes & 80ns, Cleveland, par, le°s $69,175 commission
,T. Haves A Sons (ft r ili.% bond), par and premium $9,990.
vetoed the ordinance passed by the Board of Aldermen June W.
W. J. Uptmm & Co., Duluth, par, less
commission.
20, 189$, and by the Board of Cotincilmtn on June 22, 1898, E.
D, Shepard & Co.. New York, par, less $81,175 commission,
Duke M. Carson, Chicago, par for ±}4% bonrls,
providing for the issuance of $300,000 school bonds. The Lampreeht
Bros. Oo., Cleveland, par less 7%% commission.
Mayor states as bis reason for vetoing the ordinance that the
Englewood, N. J,—Temporary Loin.—The City Council
authority conferred upon the city by Chapter 8-15, Laws of
has authorized a loan of $15,000 to ha negotated with the
1593, to issue school bonds, has been exhausted.
Bonn ton ( Mo.) School D istrict .—Bonds Registered.—The Plaza Bank of New York City at if. Of this loan $5,000 was
State .Auditor has registered two $500 til school building negotiated for six months on July 5, 1898.
Findlay, Ohio.—Bond Sole.—The city'has issued $11,000
trends bearing date July 1, 1898.
Gala, eras County (Cal.) Palom a School D istrict.—Bond +V:p refunding bonds to W. W. Hamson in exchange for a
Sale.—The $1,800 8? bonds have been awarded at par. as fol­ like amount of old bonds. New bonds are dated March 1 ,
lows: $f0 1to Mrs. Eliza H. Creighton of Catupo Saco. $100 1898, and mature $!,00() yearly on March 1 from 1899 to 1907
to James Keith of San Andreas and $800 to the San Andreas and $2,0 0 March 1,1908. Interest will be payable at the
Lodge. No, 50, I. O.O. F., Bonds are in denomination of Fourth National Bank of New York City.
F ort Bend County, Texas.—Bonds Registered.—Oa July
$200, and mature one bond yearly on July 1, from 1899 to
1, 1898, the Comptroller registered $37,000 court-lionse bonds.
1907, inelnsive.
Foxborougli, Mass.—Bids. —Following are the bids re ­
Cambridge, Ohio.—Bond Sale.—On July 2, 1898, the $9,000
i;
sewer bonds were awarded to W. J. Hayes & Sons, ceived July 1, 1898, for the $15,000 4%city bonds:
Jose. Parker & Co., Boston....... 103 89 E .H . R o llin s & S o n s, B o s to n ... 103267
Cleveland, at IO-t -500. Following are the bids :
A Burr, Boston, .....103*85 W . H o lm a n C ary. B o s to n ............103*14
NY. J. H , t
Caovck... .$'.*,771Oo j Tjunprwlit Bros. Co., Oleffc. .$9,46688' Parkinson
Blake Bros. A Co., Boston...... . .l«'3*-i
MiAvFi. Ls '«;a a
Chibtujo . 0,770 50 1 T. B. Potter. Chicago..............
•'.- i? i;.-- -■] Mayer, Cincin.. 0.636 00 j Brigg». Smith A (.*•>., Clncin ..
Prl- r X Co., Clove... 9.540 90 S. A. Kean. Cblcago................
9,640 001 New First Y u .B k ., (O:.Iambus,

0.457 00
9,21000
0,10425
1>,000 00

Bonds mature August 1, 1923. For farther description of
bonds see Chronicle Jane 1, 1898, p. 1102.
Camden (N. J .) School D istrict .—Loan Authorized—The
Finance c ommittee of the Camden Commission of Public In
struct!'a has authorized the officers of the City School Board
to borrow $15,000 to pay salaries.
Carthage, Mo.—Bonds Proposed.—The city will refund
$2-5,000 outstanding courthouse bonds with a like amount
of new bonds maturing in 18 years and subject to call as
follows: $8,000 yearly, from 1903 to 1907 and $10,000 in 1008,
The new bonds will be dated August 1, 1898. Mr. H, Lundy,
Clerk, writes us that the city will hold a special election to
authorize the issuance of 'the new bonds, and that they must
give four weeks notice of the election, and also give the State
Auditor 30 days notice of the city's intention to call in
bonds not dne. Air. Lundy says that as the old court-lionse
bond* bear date August 1, they wash to pay the bonds on that
day. Therefore bids were asked for until July 2, 1898, for
the new bonds. The successful bidder will advance $25,000
to redeem the bonds now outstanding, and will bold the old
bonds as collateral until the new ones can be issued.
Cass City, Tuscola County, Midi.—Bond Offering.—Pro­
posals will be received until July 20, 1898, by Hugh W, Seed,
Village Clerk, for $18,000 !7 water-works and electric-light
bonds. Securities are in denomination of $1,000, dated August
1. 1898. Interest will be payable annually, and the principal
will mature $1,000 yearly on August 1 from 19 8 to 1925, in­
clusive. A certified check or cash for S%of the amount bid
mast accompany proposal. The village has no indebtedness.
The assessed valuation for 1898 is $190,000.
Chicago, 111. -Bonds Authorized.—The Comptroller has
been authorized to issue $100,000 bonds to refund old bonds
about to mature.
Chicago HU.) Sanitary D istrict,—Bid*.—Following are
the bids received June 29, 1898, for the $200,000 314% bonds;
11 ii :ti«>
\r a* Hank ................ D'v»vj j KiuriOD. Leach
Chlciuro*. 100*2875
N. w. H«rr «&COwCftlOMO.....Uil'SUI
As stat' d last week, bonds were awarded to the Home
Savings Bank.
Chicopee, Mass.—Bond Sale.—The city has sold at private
sale the $10,00» 3*4% 10-year school building bonds to the
Sinking Fund of Springfield.
Cleveland, Ohio .—Bonds Authorised.—The Public Library
Board h:n p v sed a resolution providing for the issuance of
$250,00) library bonds. These bonds were sold last Septem
ber to E 1 s »an wo ad & Cv. Boston, and have since been in
litigation, only being delated legal about a week ago.

Blodset, Merritt A Co., Boston.. 106*68
E tabrook k Co., B »ston.......... 1O3*«'G0
R .L . Day k Co., Boston............103-587
Geo. A. Fernald & Co . Boston.. 10353

K, U . G ay k Co., B o s to n ...........102*95
A d am s A Co.. B o s to n ................... 102 91
N. W . H a r r is A Co.. B o s to n ....... 102*025
H e n ry B . M cD o w ell, B o s to n ..., 102*571
S. A. K e a n . C h ic a g o .,.... ......... 101*125

As stated last week, bonds were awarded to Jose, Parker

& Co,, Boston, at 103 89.

Uladeville School D istrict. Wise County, Va.—Bonds Not
Yet Sold.—Air. E. H. Ould, Chairman, writes us that the $3,000

bonds authorized by the last Legislature have not yet been
sold, although he has received a number of inquiries. These
bonds are to bear not more than 6$ interest and to mature
in not more than six years.
Grand Island (Neb.) School D istrict.—Bond Sale.—The
district has sold to Eastern parties the $23,500 5% bonds. Se­
curities mature July 1, 1918, subject to call after July 1,1903.
Grove City, Pa.—Bonds Not Sold.—Regarding a report that
the borough had sold $15,000 if water-works bonds, Air. Q.
W. Washabaugh, Secretary, write, us that these bonds have
not yet been disposed of.
Hamilton County ( P. 0. Cincinnati), Ohio.—Bond Offer­
ing.—Proposals will be received until 12 M . , August 10, 1898,
by the Board of Commissioners, George C. Zimmermann,
Clerk, for $107,000 4% bridge bonds. Securities are issued
pursuant with sections 880, 861 and 871 as amended April 15,
1898, of the Revised Statutes of Ohio. They are in denomi­
nation of $509, dated August 10, 1898. Interest will be pay­
able semi annually at the office of the Countv Treasurer, and
the principal will mature August 10, 1918. A certified check
for $500, payable to Tilden R. French, County Treasurer, must
accompany proposals.
Highland, Kan.—Bond Election,—An election will be held
July 11, 1898, to vote on the question a3 to whether the city
shall subscribe to $14,000 bonds for the proposed railroad
entering this place.
Houston, Texas.—Bonds Preposed.—The issuance of $100,000 5 . II year street-improvement bonds is under considera­
tion.
Huntingdon, Pa.—Bond Sale.—The orlly bids received on
July 1. 1898, for the $14,000 funding bonds of this borough
were from S. A. Kean, Chicago, at 101, and the Union Na­
tional Bank of Huntingdon at 100. The award was not made
until a meeting of the Borough Council, held July 5, 1898,
when it was stated that the holders of $7,000 of the borough
orders would take bonds in exchange. It wbb then decided
to give the holders of these orders the preference and that
the balance of the bonds should be sold to the Union Na­
tional Bank at their bid of par.
Hyde Pnrk, Mass.—Borns Authorized —At a town meet­
ing held June 22, 1898, the issuance of $100,000 sewer bonds
was authorized Mr. Henry S. Bunton, Town Treasurer,

THE CHRONICLE.

J u l y 9 1898. |

writes us that no action will be taken for the present regard­
ing the issuance and the sale of these bonds.
Ida Grove (Iow a) School D istrict .—Bond Sale.—On
July 1, 1898, the district sold to T. B. Potter, Chicago, $15,000 refunding bonds on a
basis.
Independence, Mo.—Bona Election.—An election will be
held this month to vote on the question of issuing sewerbonds.
Jackson, Mich.—Bids.—Following are the bids received
June 20. 1898, for $10,000 water-main extension bonds and
$21,500 paving bonds :
$13,000 1 5Yea,r P a v ’g
Bonds.

D en ison, Prior A Co., C levelan d .............. } 4^ s
(is

5s
T h eo. B. P otter. Chicago

( 5s
Ms
5s

B lod get, M erritt A C o ., B o s to n .

is

U nion Bank, Jacks"m...................
L am precht B ros. Co., C leveland.

$13,326 85
13.102 75
lb .003 75
13, . 00 00
12,740 00
13,295 10
13,131 00
12,965 00
13,* 71 00
13.270 40
13.098 80
13.135 20
13.950 75

(5 s
( is

<59
Farson, Leach A Co., C hicago................... M s
N oel-Y on ng B ond Sc Stk. Co., St. L ou is. 4
l s
8. A. K ean. C hicago...................................... i A

$8,500 15-

Y r . P a v ’g

Bonds.

$9,671 50
w.203 35
8,710 85
9,600 00
9,237 00
9,586 90
9,129 00
8,660 00
9,585 00
9,658 55
8,703 15

11,120 00
10,487 00
11,073 (JO
10,509 1 0
9,925 00
10,125 50
10,020 00
11,345 50
10,151 60

9,452 00
8 ,8 8 25
9,307 00
8 / 05 00
8.436 25
S,6t 3 50
8,515 00
9.5*3 25
8,021 25

10,183 50

8,656 00

10,227 00
10,062 50
10,200 CO

8,083 00
8,553 13
8,721 00

13,013 00
Us

$10,000

W a te r

Bonds.

$11,461 35
10,8J8 75
10,277 85
11,200 00
10,927 00
11,346 00
10.775 00
10,205 00
11,827 00
11,439 00
10,203 00

13,010 50
13,351 00
13.00rt 00
13,138 00
13,000 00
13.000 00

N. W. Harris & Co., Chicago, bid $20,644 15 for .$18,500 54
bonds and $18,905 15 for $18,50044 bonds. Trowbridge, Mac­
Donald & Niver Co., Chicago, bid $31,670 for 44 bonds. As
stated in the C h r o n ic l e June 25, 1898, the bonds w ere
awarded to Denison, Prior & Co., Cleveland, on their
bid.
Jersey City, N. J.—Bonds Refused.—I t is stated that E. H.
Rollins ife Sons, Boston, who, on June 15, 1898, were awarded
the $110,000 4% gold school bonds at 106-03, have refused to
take the same. The Boston firm say, according to reports,
that they were advised by lawyers that, owing to a decision
of the Supreme Court declaring unconstitutional the law
under which* Trenton issued school bonds, there might
be some question as to the legality of the Jersey City
bonds.
Johnstow n, N. Y. —Bond Sale —On July 5, 1898, the $22,500 4^ school bonds were awarded to N. W. Harris & Co.,
New York, at 108 42. Bonds mature $2,500 yearly on June
15, from 1914 to 1923, inclusive. For farther description of
bonds see C h r o n ic l e last week, p. 41.
Kansas.—B o n d Sale.—The State will issue $220,COO 44
bonds, to refund a like amount of 7 per cents, issued in 1868,
and maturing July 1, 1898. The bonds will be taken by the
State Permanent School Fund. The old bonds were issued
for the following purposes: $150,000 for the Capitol, $20,000
for the insane asylum and $50 000 for the penitentiary, all of
which, except $84,000, were held in the school fund.
Kansas City, Mo.—Bond Sale.—On June 29, 1898, the
$107,819 69 “ Series E” Park Fund certificates were awarded
to the Concordia Loan & Trust Co. at 101-10. Following are
the b id s:
Concordia Loan A Trust Co........101*10 I Travelers’ Insurance C o............101*00_
Stuart \
ung and O. J, H udI j . A W . i Mackensie................100_825
banl .........................................101*00 | National Bank of Commerce— lOO'OO
Allen Investment Co. ($35,000).. 101*00 I

For description of bonds see C h r o n ic l e June 25, 1898, p.
1248.
Kendrick (Idaho) School D istrict Xo. 2 4 . —Bond Offer­
ing.—Proposals will be received until 7:30 p. m., July 20,
1898, by A. C. White, Clerk, for $4,'00 10 year refunding
bonds. Bidders will name the rate of interest, which inter
est will be payable semiannually. The purchaser will fur­
nish blank bonds. The total debt of the district is $4,00
The assessed valuation is $131,000, about 404 actual value.
Population is about 700.
Keokuk (Iowa) Independent School D istrict.—Bond Safe.
—On July 1, DOS, the $s,000 54 bonds were awarded to Duke
M. Farsoo, Chicago, at 108-262. Following are the bids :
Duke M. Fars<-n, Chicago.....i8,591 00 [ Farson, Leach A C o MC h ic a g o . $8,050 00
Keokuk having* Bank ......... 8,330 46 | Geo. M. Bechtil ....................... 8,010 oj
8,m2 “ i [S A. Kean, Chicago ...............
i arKane A Co.. M inneapolis
8,275 00 J Denison,Prior A Co.,C1eve...
1 ar.
Mason. Lewis A Co.,Chicago.. 8,073 00 |

Bonds mature $2,0)0 yearly on July 1 from 1905 to 1908,
inclusive, subject to call at any time prior to maturity. For
further desciption of bonds see C h r o n ic l e Juno 25, 1898, p.
1248.
Kimble County, Texas—Bond Sale.—The county has sold
$12,000 54 40-year refunding court-house and jail bunds to the
State Permanent School Fund at par.
Lucas t ounty, Ohio.—Bond Sale.—On July 5, 1898, the
$30,500 4(44 road improvement bonds were awarded to Ru­
dolph Kleybolte & Co., Cincinnati, at 103-092. Following
are the bids :
rrrmium.

„

Prem ium
nn.

Rudolph K ley Nolle & To.. C in .. *913 00 I.sm precht Bros. Co., C leve........™
New f ir s t Nat.. B an k .C o lu rao m . 03 1, 50 1 M ason. Lew is * Co., OhicaKO.. . »»« »
Parson. Leach A C.,„ C hicago . • 857 001 W. J. H ayes & Sons. C leveland. On*™
S easo n * , .1 * Maver. Cincln. .. H>5 OO N orthern Nat. Bank, T o le d o .. . . two uo
i> raison. Prior .v C >*,C leveland. 77i 6 1 1

Bonds mature as follows : $4,500 in 1899, $3,500 yearly
from 1900 to 1903, inclusive, $2,500 yearly from 1904 to 1901,
inclusive, and $2,000 in 1908. For further description or
b o n d s se e C h r o n ic l e June 25, 1898, p. 1248.

87

McConnellsville, O hio —No Bond Issue.—In the C hron
of June 18, 1898, p. 1207, we stated that the city haul
voted in favor of issuing $20,000 water-works bonds. From
further information we learn that the proposition was only
carried by four votes, and as over 20 votes were rejected the
City Attorney advised the Council that the majority was
not legal, and it would not be safe to issue bonds. Tfie matter
will therefore be dropped and the city will not issue the
water-works bonds.
JHclntire (Iowa) Independent School D istrict. Mitchell
County .—Bond S.le.—We are advised that the $1,500 64
school-house bonds of this district, for which bids were asked
until June 18, 1898, will be taken by a bank in Osage, Iowa.
Bonds are issued in denomination of . $500 and mature in ten
years from date of issue, or are payable at option of the dis­
trict after five years.
Malden, Mass.—Bids.—Following are the bids received
June 30, 1898, for the $24,000 44 bonds awarded, as stated last
week, to Blake Bros. & Co., at 102-20.
ic l e

B lake Bros. & Co.t B o s to n .......... 102*20 I A dam s & Co., B o sto n ...................101*71
Estabrook & Co., B o sto n ............ 101*91 | Geo. A . Fernald A Co., B o sto n .. 101*56
K. L. Day & Co., B o sto n ..............101*907 N. W . Harris A Co., New Y ork ..101*33
B lodget, M erritt & Co., B o sto n ..101*85

Jose, Parker & Co. bid as follows: For $4,090 surface drain­
age bonds, 109-858; $o,0C0 sidewalk bonds, 10P683; $10,000
street bonds, 102-951, and for $5,000 school-house bonds
101-6458.
Mannington, Marion County, W. Ya.—Bond Offering.—
The city will sell at public auction between 1 and 4 p. m, July
18, 1898, at the office of the Mayor, $17,000 54 street improve­
ment bonds and $3,100 54 sewer bonds. The street bonds
are in denomination of $500 and the sewer bonds $100, all
bearing date August 1, 1898. Interest will be payable an­
nually and the principal will mature August 1, 1923, subject
to cail after August 1,1908, Bonds are not subject to town
taxation. The total bonded debt at present is $8,000, being
an issue of water bonds maturing in 1914, subject to call
after 1904. The assessed valuation is $510,000.
Ma-sillon, Ohio.—Bond Sale.—On July 6, 1898, the $1,318
64 street improvement bonds were awarded to C. Steese,
Massillon, at 102-339, Principal will mature one bond each
six months from January 1,1899, to July 1,1906. For further
description o f bonds see C h r o n ic l e June 11, 1899, p. 1154.
M erchantvllle, N. J.—Loan Authorized.—A loan of $2,500
was recently authorized for current expenses.
Midland P ark (Borough) N. J .—Bond Offering.—Propo­
sals will be received until 7 p . m., July 18, 1898, for $10,000
54 improvement bonds. Securities are in denomination of
$500, dated July 1, 1898. Interest will be payable semi­
annually at the First National Bank of Paterson, and the
principal will mature July 1, 1928. A certified check for 54
of the par value of bonds bid for, payable to the Borough
Council, must accompany proposals. Bids should be en­
closed in an envelope addressed to the Mayor and Council of
the Borough, and then inclosed in a second envelope ad­
dressed to Thomas Holt, Borough Clerk, and marked
“ Bid.”
Milbank, S. Dak.—Bond Sale.—On July 1,1898, the$10,000
54 5 10 year (optional) bonds and $13,000 54 10 15-year (op­
tional) bonds were a war led to Trowbridge, MacDonald &
Niver Co., Chicago, at 100 587. Kane & Co., Minneapolis, bid
par, agreeing to furnish blank bonds, and S. A. Kean, Chi­
cago, bid par less $150.
Millerstown, Pa. - Bond Sale—The borough has sold
$6,000 44 refunding bonds at par, part to the holders of the
old bonds and part to local investors. Securities are in de­
nomination of $500, with interest payable April 1 and October
1. Principal will mature in 1928, subject to call after 1903.
Milwaukee, IVis.—Bond Offering—Farther details are at
band concerning the offering for sale of $140,000 54 streetimprovement bonds and $8 J,U00 54 bridge bonds. Proposals
will be received tor these bonds until 10 a . m ., July 15,1898,
by the Commissioners of Pablic Debt, care of John K, Wolf,
Comptroller. The street-improvement bonds are in denomi­
nation of $1,090, dated January 1,1893. Interest will be pay­
able January 1 and July 1, and the principal will mature
$7,000 yearly on January 1, from 1899 to 1918, inclusive. The
bridge bonds are in denomination of $1,000, dated July 1,
1898. Interest will be payable January 1 and July 1, and the
principal will mature $4,000 yearly on July 1, from 1899 to
1918, inclusive.
Monticello, lows..—Bonds Proposed.—The question of call­
ing a special election to vote on a proposition to issue bonds
for a town hall is beiDg agitated by the citizsns of this place.
Montour Falls, N. Y.—Bonds Voted—On Tuesday, June
23, 1998, the village, by a vote of 88 to 37, authorized the
issuance of water-works bonds not to exeeed $3,400 in
amount.
Mount Tei-non, N. Y.—Bond Sale.—On July 5, 1898, the
$30,000 44 highway improvement bonds were awarded to
Allen & Sands, New York, at 115-91. Bonds mature $10,000
yearly on iuly 1, from 1914 to 1946. For description of bonds
see C hroihcle last week, p. 42.
Muskegon, Midi.—Proposed Bond Issue.—The refunding
of $10,000 water bonds soon to become due is under con­
sideration.
New Kensington, P a.—Bonds Proposed.—Action will prob­
ably be taken at an early date looking towards the issuance
of $50,000 in bonds for street paving and other public improve­
ments. The proposed improvement's will cost about $150,000,
of which the property owners will pay two-thirds and the
borough one-third.

88

THE

C H R O N IC LE.

New London, Ohio .—Bond Saif,—On July 2, 1898, the
$4,CO0 54 electric-light bonds were awarded to W. J. Hayes &
Sons, Cleveland, at 106 775. Bonds mature $350 yearly on
April 1 from 1900 to 1915. inclusive. For further description
of bonds see C h r o n ic l e June 18,1898, p. 1208.
Newton, Mass.—Temiurrary Loan.—The city has negotiated
a four months' loan of $50,000, with Blodget, M erritt & Co.,
Boston, at 3 047.
New York City.—Bond Issue Again Delayed.—On Jane 28,
1898, the Board of Aldermen, for the third time failed to
pass the resolution providing for the issuance of upwards of
$23.0)0,000 bonds. The vote was 89 for to 10 against, it re­
quiring 45 votes to authorize. It is said that the measure will
come up nt the next meeting of the Board July 13, 1898, on
special orders.
North Plainfield (N. J .) School D istrict .—Bond Offering.
—Proposals will be received until July 15, 1898, by the
Finance Committee, care of R M. Fountain, District. Clerk,
Plainfield, for $20,0( 0 44 school building bonds. Securities
are in denomination of $5 0, dated July 1. 1898. Interest will
be payable January 1 and July 1 a t the City National Bank,
Plainfield. Principal will mature $2,000 in 19 8. $11,000 in
the years 1909, 1910. 1911 and 1912, $3,500 in 1913 and $2,500
in 1914. A certified check for 54 par value of the bonds must
accompany proposals. Bids will be opened on July 18, 1898.
Oak Harbor, Ohio.—Bond Sale.—On July 5, 1898, the $31,000 of the $32,500 5; street-improvement bonds advertised for
sale were awarded to the Lamprecht Bros. Co., Cleveland, at
106'209. Bonds m ature $1,500 yearly on March 1, from 1904
to 1917, inclusive. For further description of bonds see
C h r o n icl f . June 18, 1898, p 1208.
Oakland, Cal.—Bonds Proposed.—The City Council has
under consideration an ordinance providing for an election
to vote on the question of issuing $1330,000 public park bonds.
Ocala, Fla .—Bends Defeated.—The proposition to issue
$24,000 refunding bonds was defeated at the election held
June 20. 1898, although the vote was 74 to 64 in favor of the
issue. The law requires a majority of the registered voters
to authorize, while only one-half of the voters registered
cast their ballots at the election.
Ogden, Utah.—Bond Sale.—On July 5, 1898, the $100,000
4Vj'S gold refunding bonds were awarded to N. W. Harris &

rvoo. u v i i ,

Co., Chicago, at 101*11, Bonds mature August 15, 1918, sub­
ject to call after August 15, 1903, For description of bonds
see CHRONICLE July 2, 1898. p. 42.
Onondaga (N'.Y.) School D istrict No. 22 .—Bond Sale.—
On Jane 29, 1898. the $0,000 school bonds were sold to Mr.
Webb of Syracuse.
Orange County, N. Y.—Bonds Proposed.—We have again
made inquiry relative to the proposed issuance of $300,000
road bonds of this county, and are advised that action will
probably not be taken until the regular meeting of the Board
of Supervisors in November.
Otvosso, M idi.—Bond Sale.—On Jane 30, 1898, the $51,000
44 paving, bridge and sewer bonds were awarded to Mason,
Lewis & Co., Chicago, at 100T08.
Bonds mature us follows:
>paving bonds, maturing #7.000 yearly from 1809 to 1003. inclusive.

15,01 o bridge bonds, maturing $3,000 yearly from 1900 to 1913, inclusive.

l.OQll sewer bonds, maturing in 1904.

For further description of bonds see Chronicle June 35,
1898, p. 1349.
Bonds Voted.—'The city has voted to issue $15,500 bonds to
pay current expenses.
Paw-Paw, Mich.—Bond Election.—A special election will
be held on Monday, July 11, 1898, to vote on the question of
issuing $18,000 water-works bonds and $5,000 sewer bonds.
Philadelphia, Pa.—Loan Authorized.—The City Councils
have passed an ordinance providing for a temporary loan of
$633,250 for municipal purposes for 1838.
Phoenix, Ariz.—Bonds Proposed. - Local papers state that
the city has under consideration the issuance of bonds for a
water-works system.
Pinekneyville School D istrict No. 3. P e rry County, 111.
—Band Sale.—On June 25, 1898, the $7,000
bonds were
sold at inO'014. Securities mature $500 yearly on July 1 from
1900 to 1913. inclusive. For further description of bonds see
C hronicle June 25, 1898, p. 1249.
Portsm outh, Ohio.—Bond Election.—The City Council haB
decided to submit to a vote of the people the proposition to
issue $40,000 bonds to assist in rebuilding the Burgess steel
plant and rolling-mill, recently destroyed by fire.
Prince George County School D istrict, Laurel. Md.—
BondOffering.—Proposals will be received until July 15,1898,.
f or $8,000 5< bonds to build and equip a county high school.

IN V E S T M E N T S

IN V E S T M E N T S .

P U B L IC S E C U R IT IE S

Investment Bonds

NEW

FOR
SUITABLE FOR

SAVINGS BANK AND T R U S T
F UNDS .
LISTS MAILED ON APPLICATION.

Farson,

Leach & Co.

CH ICA G O .
1 0 0 D earborn g t.

NEW YORK
3 5 N a ssa u St.

New York Savings Banks
and Trustees.
L IS T S S E N T U PO N A P P L IC A T IO N
MEMBERS OF BOSTON AND NEW YORK
STOCK EXCHANGES.

R. L. DAY & CO.,

PRICES ON APPLICATION.

C. H. W H IT E & CO.,

$ 100,000

BANKERS,!

BANKERS,

C IT Y OF B A Y O N N E, N. J.,

DEALERS IN

IN V E S T M E N T BONDS,
Members of Boston Stock Exchange.1

No. 7 Congress and 31 State Streets,

BOSTON

4W

S C H O O L B O ND S ,

Due March 1 , 1918,
And other High-Grade Securities.

E D W A R D C .J O N E S CO.
NEW YORK,
PH ILA D E LPH IA.

-

1 NASSAU STREET.
121 CHESTNUT ST.

M A S O N , LEWIS & C O . ,

HIGH-GRADE

6 7 M ilk S t r e e t , Bo ston,

BONDS
B O U G H T AN D S O L D .

BRI GGS, S M I T H

A nd O th e r D esirab le S ecu ritie s.

CO.,

3 5 K n . l T h ir d strt-r-t. - C in c in n a ti, O hio.

r o w b r id g e

M

a c

D

,

& N

iver

C

o

..

3^ h
.41*
48
4*
5s

M U N IC IP A L , B O N D S ,
1st Nat. Bank llldg., • - CHICAGO

ROSENBERRER k LIVERMORE,
W ALL

M.

A.

D e v itt

&

C o .,

IK*

W e w a n t th e fo llo w in g T e x a s B on d s :
F o r i W o r th . H ou sto n , Du I Inn. G a lv e s to n
C ity and W h n r i Bonds s aI«o old is s u e s o f
t h e - m a le r rnu n trip a i tie s o f th e a b o v e S t a t e .

NUM BER KO RTV

APPRAISEMENTS MADE OR QUOTATIONS
FURNISHED FOR THE PURCHASE, S A L E , O B
EXCHANGE OF ABO VE SECURITIES.

B A N K E R S,

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

onald

S O U G H T A ND S O L D .

31 N A S S A U S T . ( B a n k of C o m m erce B ld g ,)

OFFER FOR S A L E :
S t a t e o f M a s s a c h u s e t t s ...................
E a s tc b e s t e r . N, Y ..................................
C la s t o n b u r y . C o n n .................... ...........
S t o w e . V t ...................................................
R en o C o u n ty . K a n u riN ...,.....................
L a k e C o u n ty , I n d ................ ..................
M o in eu cr, i l l ................... ........................

Government a n d
Municipal Bonds

N. W. HARRIS & CO.,

171 L a S a lle S treet, C hicago.

C o u n t y — C i t y — Scho ol

3 1 N A S S A U S T ., N E • Y O K .K .

L I S T S ON A P P L I C A T I O N .

BAN KERS.

T

Clearfield &Mahoning Bit. 1st 6s. 1943,
Staten Island Ry. 1st 4J£s, 1943.
Hereford Ry. 1st 4s, 1930.
Detroit Railway 1st 5s, 1924.
Denver, Col., 6s, 1915.
Topeka, Kan., 5s, 1912.
Berkley, Va,, 6s, 1928.
Douglas Co., Ga,, 6s, 1913-1918.

4 0 W a te r S treet, B oston.
I B road S treet, N ew Y ork .

ADAMS Sc COMPANY,

LOANS.

S T .. N Y .

C B A L E I ) UT 0 8 4 I C E I N V I T E D B V T H E
R a n i of E d Ucall mi nt N o rth Plainfield, N. J..
for $29,000 4? School Bonds o n o r b e fo re J u ly 15th.
F ortetm s artjSJ general information apply to
H. M. FOUNTAIN, Plain field, Now Jersey, or
H, A. McGEE, 2d Broadway, Mom York.
C h airm an o f F in a n c e C o m m ittee.

M U N IC IP A L BONDS.
F irs t N atio n al B a n k B u ild in g

CHICAGO.

MUNICIPAL

BONDS.

Securities Netting from 3Vj' to

6%

A LW AYS ON HAND.
Send for onr Investment Circular.

DUKE M. F ARS ON, Banker,

Municipal Bonds.

1 8 2 D ea rb o rn S tr e e t
C H IC A G O .

THE CHRONICLE.

J u l y 9, 1898.1

89

Interest -will be payable May and November and mature
$1,(0'1in 5. 10,18, 20 an 1 25 years.
Kliode Island .—Bund Ha e.-O n July 1, 1898, the $800,000
3i gold Sr,ate Home con truction bonds were awarded to the
Rhode Island Hospital Trust Co., Providence, at 102 22. Fol­
lowing are the bids:

Salem, M ass.-No Bonds at Present.—The Board of Alder™en> ls stated, has under consideration the issuance of
$2oJ,000 bonds for the purpose of building a ch“mical plant
for the treatment of garbage. Mr. J. B. Nichols, City
Auditor in reply to our inquiries writes that there is no
prospect of any such issue at present and probably not for a

Rolla, Mo.—Bond Offering.—Proposals will be received
until sunset July 15, 1898, by Peter Christie, City Clerk, for
$6,000 5i elect lie-light plant bonds. Securities are registered
and certified to by the State Auditor. They are iu denomi­
nation of $500, dated July 1, 1898. Interest will he payable
Jin u ary 1 and July 1 at the Rolla State Bank. Principal
will mature July 1, 190s, subject to call after July 1, 1903.
The cify has no indebtedness. The assessed valuation is
$416 8-'l and the population about 2,00 >.
Knscoe (Mo.) School District.— Bonds Registered.—The
S‘ate Auditor has registered $2,500 5%refunding bonds of this
district. Securities are in denomination of $5o0 and are
date 1 July 1, 1893.
Ross County (P. 0. Chillieothe). Ohio.—Bond Offering.—
Proposals will be received until '2 m . (standard time). July
18,189s, by tbe Commissioners of Ro*s County, care of Harry
S. Adams, County Auditor, ior $28,1 00 6^ bridge bonds.
Securities are issued pursuant with Section 2824. Revised
Statutes of Ohio. They are in denomination of $1,000, dated
August 1, 1898. Interest will be payable semi annually, and
the principal will mature as follows: $5,000 each 6 months
from January 15,1901, to January 15, 1903, and $3,000 July
15. 1903.
St. Lawrence County, N. Y.—Bond Offering.—M. R. Sack-,
ett. County Treasurer, will receive bids until 2 p. m. Julv 15,
1898. for $25,000
jail bonds. Securities mature $5,0-0
yearly, beginning March 1, 1913.
S'. Louis, Mo.-Bonds Proposed.—The Municipal Assem­
bly has under consideration an ordinance providing for the
issuance of bonds to refund those about to mature.

Sanford, Fla.—Pond Offrrinp^-Proposals will he received
until August 23. 1898, by the Bond Trustees for $15,000 H
20 year bonds. Securities are issued by virtue of Article V
Chapter 4312, Laws of Florida, approved May 24, 1894 and
were unanimously authorized at au election held November
28, 1893. They are in denomination of $1,000. with interest
payable January and July at the National Park Bank New
York City. Judge John F. Dillion of New York has ren­
dered an opinion that the above bonds are legally issued.
San Rafael, Marin County, Cal.—Bond Election.—An elec­
tion will be held July 16, 1898, to vot^ on the question of
issuing $26,004 o%gold sewer bonds, Securities, if author­
ized, will mature one-fortieth yearly, beginning September 1
1899. They will be in denomination of $150.
Sault Ste Marie (Mich.) School D istric t—Bond Offering.
—Proposals will be received until 4 p. m„ July 2», 1893, by
James T. Moore, Secretary B iardof E lucation, for$22,' 00
4 y&h school bonds, hecurities are in denomination of $540,
dated September 1, 1898, Interest will be ptvable semi­
annually in New York Etchange, and the principal will ma­
ture September 1, 1908.
Shamokin, P a.—Bonds Proposed.—The Borough Council
has under consideration an ordinance providing for an elec­
tion August 23, 1893, to vote on the question of issuing $85,000 street-paving bonds.
Shelby County, Ohio .—Bond Sale.—On July 6, 1898, $'4,000 6g ditch improvement bonds of this county were awarded
to the Piqua National Bank, Ohio, at 103. Binds are dated
July 1. 1898, and mature part each Jan. 1 and July 1 from
1899 to 1904. Interest is payable semi annually on the first
days of January and July. A full list of bidders will be
given next week.
Somerset County, Mil.—Bond Sale—Ou July 1, 1893, the
$25,000 4>0I coupon bids were awarded to Farson, Leach &
Co,, New York, at 104-556. Followiog are the bils:

R r. Hospital Trust Co. (whole
or n a rt).................................... 102*22
Est abrook & Co. (whole or part).lo2’09
Blake Bros. & <•<>.and Industrial
»rust Co. (whole or none)
.102*02
Providence Banking Co. (lor the
wnole)
................................ 101*03
E. C St an wood A Co* (whole or
nart>
101*635
Pawtucket Ids. for Sav.($50,000)10r6iJ5

i §1^0,000__im*.S2
N. W. Harris & Co. < 100 , 00_101*17
( 50o,noo--- luO 93
Vermilye & Co., Boston (for the
whole)......................
......... 101*299
Blodgef. Merritt A Co.. Boston.. 101*0.1
Third National Bank, Boston... 100*68
Adams A C ».. Boston__
.. o*5»
Geo. A. Fernald A Co.. Boston..10' *51
Farson, Leach A Co.. New fork. 100*31

____ N E W LPANS.
LOANS NEGOTIATED 7 AND 8*
on Georgia and Alabama Real Estate.

W . Hampton Wade,
A T T O ttN E Y - A T - L A W ,

S I V A m i* ,

G E O R G IA .

Nine year* Practice In Alabama.
Six years In Georgia.
C o rp oration L a w

a S p ecialty.

Francis Ralston Welsh,
INVESTMENTS.
Muni ci pal , Rai lro ad a n d o t h e r

BONDS.

Los Angeles Tiaction Co.
l . c M ortiraar- 62 2 0 - r e a r G o ld B a n d . .
Total Issue $250,000.
First Mortgage at $14,000 per mile.
Net earnings for 28 months of od<ration. $69,980 96
equivalent to 12% on the total issue of bonds.
Population of Los Angeles 103.079.
Send for faiJ description of property.

E. H. R O L L I N S & S O N S ,
It!Ilk S t r e e t . B o s t o n , illn s s .

WILSON & STEPH EN S,
4 1 W A L L S T . , N. Y., B U Y
A N D SELL O U T R I G H T OR
ON COMMI SSI ON S T A N ­
D A R D RAI LROAD A N D
MUNI CI PAL B O N D S . U N ­
DERLYING A N D S H O R T TIME B O N D S FOR B A N K S
A N D INSTITUTIONS A
SP ECI AL T Y. LI ST S O F
O FF ER IN GS ON A P P L I ­
C ATI ON.

BANK ERS.

16 C o n g r e s s 8 t r e e t , B os ton.

James N. Brown & Co.,

- NEW YORK,

OFFER FOR S A L E :

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

‘

N e w Y o r k C i t y , e x e m p t . .. 3%
N e w Y o r k C i t y , e x e ’ p t , g.3>2%
C ity o f F a l l I t l v e r , IT la ss...4 %
c i t y o f C l e v e l a n d , O h i o ___4 %
C it y o f M i l w a u k e e . AVIs. ...5%
Q u e e n s C o u n t y , IV. Y ..............4%

GOOD

INVESTMENTS

N E T T IN G 5 TO S P E R C ENT.
W ashin gton W arrants. B on d s and Securi
tie s o f a ll k in d s B o u g h t an d s o ld .

CALVIN P H i L ' P S ,
807-8-9 CALIFORNIA BUILDINU,

-

W A SH IN G T O N .

William E. Nichols,
15 W A LL STREET,

-

NEW YORK

MUNI CI PAL W A R R A N T S .

Street Railway Bonds, and other 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 rio r S t,

Clahl* Address. "KENXKTH."

WARRANTS.

Carefully selected, High-grade State, County, City
and Public School issues, maturing in 6 to 24 months
and earning 6 to 8 per cent our specialty.
R O U T . E . S T R A H O RN & C O .,
k d iiltn h lo Itu ild ln g.
Rnmnn, t1n««

1898.

M UNICIPAL

Insurance Co.
IN TI1E C IT Y O F N E W Y O R K .
A ll P o l i c i e s n o w Iss u ed by t h i s C o m p a n y
co n ta in the fo llo w in g c la u s e s :
“ A f t e r o n e veai* f r o m t h e d a t e of i s s u e . t h e
l i a b i l i t y of t h e C o m p a n y u n d e r t h i s p o l i c y
s h a ll not be d isp u te d .”
T h i s po>icy c o n t a i n s n o r e s t r i c t i o n w h a t ­
e v e r u p o n ' l i e i n - u r e d , in r e s p e c t . e i t h e r o f
t r a v e l , r e s i d e n c e o r o e c u p a i i o n ” _____
A ll li e a t h C la im s paid W I T H O U T D I S ­
C O U N T a * Moon a s s a t i s f a c t o r y p r o o f s h a v e
been received .

Active an d Successful Agents, vrishing to represe> t this C om pany , m ay communicate with,
R IO HA RD E. OCOBRA N ,sd Vice-President,
at the R om e Office, 201 Broadway, New York.

officers:)
G E O R G E H . B U R F O R D ...................P r e s i d e n t
G EO G. W IL L IA M S .......................... Vice P re sid e n t
C. P F R A L E P ’ H .............................2d Vice P re s id e n t
RICH A lii) E. C o C H R A N ............... 3d Vice P resid en t
A. W H EE LW R 1G H T..................... . - - ■........• .Se« r e t- r y
J l-.K B N W A Y ............................ A ss is ta n t S ecretary
W IL L IA M T. S T A N D E N ................................ A ctu a ry
A R T H U R C. P E R R Y ..........................
-C a-hier
JO H N P . M U N N ................................... M edical D irecto r
F IN A N C E COM M ITTEE :

GEO G. W IL L IA M S .............. P res. ( hem . N at. B ank
JO H N J . TUCK EH ......................... .. • B u :1Id er
E. H. P E R K IN S , J tt...P r e s . Im p. & T ra d e rs’ N at. B k.
JA M E S K. P L U M ................................................... L e ath er

L IST S

BONUS.

£. C . STANWOOD &

Co.

Bankers, 62 Cedar Street,
DEALERS IN

121 Devonshi re S t r e e t .
! lB OS TON.

U N L IST E D SE C U R IT IE S.

BAN KERS,

DEALERS IN M UN IC IPA L BONDS,

BA NK ER S,

71 BROADWAY,

BANKERS,

High Grade Investment Bonds & Stork,

W. J. Hayes & Sons,

1850.

RENO FOR

STATE. CITY & RAILROAD BONDS

LOANS.

Whann & Schlesinger, The United States Life

TACOMA.

Blodget, Merritt & Co.,

NEW

N E W LOANS.

828 CHBSTNtJT STREET PH ILA D ELPH IA.

$ 1 7 5 ,0 0 0

3 t iP&St.

M a x B . Borg, B O N D S
40

BROKER IN INVESTMENT 8EGT7RITTWS
EX C H A N G E PL A C E . NEW Y O R K

J. P. Wintrinffliam, 30 Pine st.. N. Y.

GABLE AD-»k ESS,“ ATLANT1CSCIUP.”
Send us your orders for L CAL SECURITIES,
either at PRIVATE SALE OR AUCTIO

rH E CHRONICLE

90

Fankm. Leach 4 Co.. New VortlO i'SM I W. J. Hare® 4 Son. Cle velan d . 1(RL1fl
Griafield BttuW ...........................H>**rtO I I>enUon, Prior 4 Co..Cleveland. 101*804
Townsend, Scott A Son. Uulto lu3*.*»l !

B 'inis mature $1.000 in 1008 and $1,500 yearly front 1909 to
1924, inclusive. For farther description of bonds see C h r o n ­
i c l e Jane 11,1898. p. 1138.
South P ortland, Me.—Bend Sole.—Tbe town recently
awarded to Wootlbnrv & Moulton. Portland, $4,000 H isyear refunding bonds at 104'71 and $0,750 47 funding bonds
at 104-81.
T arrjto w n . N. V.—Temporary Loan.—Tbe town recently
negotiated a loau of $20,500 to pay the town's share of the
cotinty tax The loan was made necessary because of the
fact that some of the larger tax-payers refused to pay, pend­
ing a decision in their tax suits.
Taylorsville (111.) School D istrict .—Pond Offering.—
Bids will be asked for abont Angust 1, 1898. for the $6,000
5c school bonds recently authorized. Securities will mature
$1 000 yearly from 1908 to 1911 inclusive.
T hurston County ( Wash.) School D istrict No. 44 .—Bond
Sale.—The district has soli to the State Land Commissioners
$3 400 lh refunding bonds at par. Interest will be pavable
annually, aid the principal will mature $1,0 0 in 1903, $1,000
in 1908 and $1,4' 0 m 1913.
Toledo, Ohio —Bond Sale.—On July 1, 189-*, the $5"/f0 4^
Fire Department bonds were awarded to N. W. Harris k Co..
Chicago, at 103 206. Following are the bids :
Premium.

N. W, Harris 4 Co.. Chicago*...$1,603 0<i
Northern Nat. Bonk-Toledo . l.fluOOQ
Rudolph Kleybolte & ( o..Cln. 1,521 on
Seasonin' -d 4 Mayer, Cincin.. 1,434 00
Denison. Prior A Co.. C lere... 1.331 75
Lampreclit Bros. Co., Clove.... 1,8U7 00

Premium.

New First Nat. Bk..Columbus.$l.3#5 50
Farson. Leach 4 t o., Chicago. 1,2*W 00
W . J. H a y e s 4 S mjs, C leve----- 3,002 00

| V ol, L X V II.

Vincennes, Ind .—Bond Offering.—Proposals will be re­
ceived until 1:30 p. m. July 18, 1893, by Charles Lan gel, City
Clerk, for $16,0 0 4 ^ f refunding bonds. Securities are in
denomination of $500, with interest payable semi annually at
the National Park Bank, New York City. Principal will
mature 15 years from date of issue. A certified check for
$500, payable to City Treasurer, must accompany proposals.
Wade (Township), Jasp er County, 111.-B onds Regis­
tered —The State Aunitor has registered $23,500 refunding
bonds of th iB township.
W ayland, Mass.—Bond Offering.—Proposals will be re­
ceived until 6 p. m. July 10, 1898. by Henry F. Lee, Town
Treasurer, for $11,000 4% 15-year refunding water bonds and
$44.5"0 4%20-year refunding town bonds.
Vale, Mich,- Corrected Bond Offering.—An additional cir­
cular just received makes a few changes in a former circular,
from which the statement as given last week was compiled.
According to the new report proposals will be received until
7:30 p. m,. July 15, 1898, by E, F. Fead, Village Clerk, for
$14,000 4l4% water-works bonds and $6,000 4
electric-light
bonds. Bonds are in denomination of $1,0.0, da-ed August
1. 1898. Interest will he payable semi annually, and tbe prin­
cipal of the electric light b mds will mature $i,00J yearly on
August 1, from 1901 to 1907, inclusive, and tbe water-works
bonds will mature $1,000 yearly on August 1, from 1903 to
1919, inclusive, aud $2,000 in 19.'0. A certified check for 2%
of the amount of bid must accompany proposals. Yale has
no bonded indebtedness at present. The assessed valuation is
$185,196, about two fifths actual Value,

S. A. K ean, C h ic ag o ................ . l,Oi’2 0O

Spitzer & Co., Toledo...............

M ason. L ew is 4 Co., C h ic a g o ..

9<7 75

890 00

Bonds m ature July 1, 1908. For further description of
bonds see C h r o n i c l e June 11, 189R. p. 1156.
Bonds Authorized.—The issuance of $20,000 4% 10 year
bonds, to be used by the Manual Training School Trustees,
has been authorized.
Trem ont, 111.—Pond Pale.—G-. C. Glassford. Peoria, was
recently- awarded $5 50" (i%bonds at 103 636. Ten bonds are
in tb ^ omipation of $100 aDd mature July 1. 1906, subject to
call ,i,ter July 1. 1899. Nine bonds of $500 each mature
July 1, 1908. subject to call after July 1, 19. 0.

T R U S T C O M PA N IES.

El Paso County School D istrict No. 11, Col.—Cora E
Hudson, Secretary. This district is located at Colorado
SpriDgs.
LO AN S—
W hen Due. I 4h!s, M & N , $90,000. .O ct. 3 1 , 1 9 1 7
5s, M &S, $25,000....... Sept. 1 ,1 9 0 9 I (Subject to oall a fte r Oct. 3 1 ,19 0 7 .)
(Subject to call a fte r S ept. 1 ,1 8 9 9 ) , B on-’ert debt. J a n e 1 , '98. $224,000
5ft. M &N, $20,000.......M ay 1 , 1 9 1 1 | S in k in g la n d ....................
S8
(Subject to c a ll a fte r M y 1, 1901.) I N et d eb t J u n e 1 .1 8 9 8 ... 223,912
4 .o..., A A O , * 5 1 ,0 0 0 ... A pr. 1 , 1 9 1 3 1 A ssessed valu a tio n lh 9 7 .6 ,« 15 .« 75
Sub), to ca ll a fte r Mar. 3 1 , 1903.) I A ssessm en t abou t >3 a c tu a l v alu e .
R'k f o n d in g B o n d s —
I School t a x (per $1,000| ’9 7 .$ 15 00
os, M AS. $38,000.
Sept. 1. 19 14 I T o ta l ta x (per *1.000) ’ 9 7 .. 51-10
(Subject to ca ll a fte r Sept. 1 , 1904 ) | Pop ulation in 1*9 8 ( e s t ) .. .25,000

M IS C E L L A N E O U S .

M ISC ELLA N EO U S.

T he Audit Company Am erican E x p ress Co.

N o d !) A m m e a n
STrust (to m p a n u ,
SEW Y O R K ,
10 0 B R O A D W A Y .

LON DON !
95 GRESH AM ST.

Capital paid up___$1,000,000
Surplus.................... $200,000
Transacts a general trust business.
Allows liberal rates o f Interest o n deposits and
trust funds.

Issues Letters of Credit and
Travelers’ C ir c u la r N o tes
payable in dollars or in the
money of any foreign country.
Acts as Trnstee under mortgages for railway
arid other companies, and as Agent for the
II gl strati on of the stock, and for the transfer of
the shares of incorporated companies.
Undertakes the examination of properties offered
as security for bond issues, and the obtaining of
expert information concerning the actual facts and
prospects of reorganization proposals.
Qualified and empowered to act as executor,
administrator, trustee, guardian, and assignee, and
as receiver and custodian of funds under orders of
Court.
O F F IC E R S :
W . L . T R E N 'IT O L M ............. ........P r e s id e n t
HA .11 F E E M . .1A R V I S ,
)v
R O L A N I) R . C O N K L T N . r ic e -P re sid e n t»
.1 V M E s m W E L IV IN G S T O N ...T ru s t Office!

OF NEW YORK,

F , C* P R E f i T . . ................ A s s i s t a n t S e c r e t a r y

D IR E C T O R S :

Hon. JOHN G. CARLISLE,
Former Secretary of tbe Treasury of t he U. 8.
ROLAND R. CONKLIN.
Vice President of the North American Trust Co
Hon. AD LAI B. STEVENSON,
Ex-Vice President of the United States.
#
8. L. CONKLIN,
Secretary of the North American Trust Coni pan j
a W, DRAKE,
Treasurer of the Rio Grande Western R ’way Co.
BAMU EL M. JARVIS,
Vice- President of the North American Trust Co.
W AGER SW AT NR.
Of Messrs. Bwaye & Swoyne. Counsellors-nt-Law.
Hon. W. b. TRENHOLM,
Former Comptroller of the Currency of U. S.

C a p i t a l , SIS,OOO.OOO.

65 BROADWAY.

Equitable Building, 120 Broadway.

Issues

TRAVELERS CHEQUES imme­

Extract from By-Laws of the Audit Company diately available as funds everywhere.
of New York.
A R T IC L E X IV .
EXAMINATIONS TO BE CONFIDENTIAL.

Draws FOREIGN DRAFTS in Sterling,
Francs, Marks, and Money Orders,
in all parts of the Commercial World.
Makes GA3LE TRMSFERS of mone>
to England and the Continent.
These facilities are obtainable at all

B ection 1 . T h e re su lts ot a ll audits and ex am lnutione m ade b y th iB Com pan y sliall be
treated as str ic tly confidential b y b oth th e e x ­
am iner and th e m an ager of the Com pany. I d
a ll oases, u n less oth erw ise directed o r requested
b y tbe a p p lica n t, tb e reports of tb e Com pany offices of the Cnnioanv.
sh all be m ade in d up licate, one to be delivered
SECU RE BANK VAULT8.
bo tb e a p p lic a n t and th e other to be sealed up
and retained b y th e Com pany.
See. 2. In no oase sh all tb e d up licate report
so retain ed b y tb e C om pany be open to tb e In­
spection o f th e d irectors, officers, or em ployes
o f th is Com pany, nor shall tbe con tents be
m ade k now n e x c e p t upon a u th ority of a reso­
GENUINE
lution o f tb e B oard o f D irectors o f the Com ­
WELDED CTTROME STEEL AND IKON
pany.
Ronnd and Flat B ari and 5-pIv Plates and Angles
Bee 3. E a ch officer and em ploye o f tbe
FOR SAFES, VAU LTS, &c
Com pany who sh all pa rticip a te in m ak in g e x ­ Cannot he Sawed, Put or Drilled, and positive!
Burglar Proof.
am in ation s or aud its sh all, on tintarina th e em­
CHROM E 8TE E L W O R K S,
p lo y of tbe Com pany, m ake oath th at he w ill
Kent A^e.. Kean A TTnnr»«1’- ®ts
not d ivu lg e a n y inform ation obtained b y him Sole Man'f'ers in tbe U. S. 15R O O K T/Y S , N . V .
In tb e course o f Ills em ploym ent re la tin g to
aud its or exam ination s.

S . L« C O N K L I N .......................................... H c c r o f n r y

8 . R . I I A R B E R T . . . ......... L o n d o n S e c r e t o r y
E . J . C H A P P E L L ............ L o n d o n T r e a s u r e !

E s ta b lis h e d 18 4 1.

Robert R. Lockett,
AUSTIN!, T E X A S,
A T T O R N E Y -A T -L A W .
Does a general practice In all the higher courts of
Texas, and before the different department* of tbe
Slate Government. Bond, Insurance and Corpor­
ation litigation, Charters and corporate permits) tcured. County and municipal bonds examined. ■ ■
regular bond Issues adjusted. Law correspondents
in every city and town in Texas. Trivial business
not solicited.

Theodore Leonard,
A T T O R N K Y -A T -L A W ,

Investments and Corporations.
Reference, First National Bank.

C O L U M B U S, O H IO .
Wheeler Bldg.

e ib .c illL

K sU & eM & C a

BA ft Kid It*,
18

W ALL

STREET,

NEW

YORK.

EpstnbM iihrd l S G S .

I EMBERS OF NEW YOI^K STOCK KXCHANQH
Allow Interest on deposits subject to sight check
Buy and sell on commission stooks and bond* either
tor cash or on margin, and deal In

TnvfiRtTPont Komrltlps.
II. ,L Mouse . C iia s . d . Ma r v in . W. m . K r o n e r

W M . FR A N K LIN

HALL,

Accountant,
Exchange Building,
53 S tate S tre e t

BOSTON M IS S
B U M UN, MASS.

Books audited. Examinations and investiga­
tions conducted with the utmost care
and efficiency.