Full text of Commercial and Financial Chronicle : June 18, 1898, Vol. 66, No. 1721

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ninnimi
Q u o ta tio n

rnniâ

- S u p p l e m e n t (Monthly)

- S t r e e t R a i l w a y « S u p p l e m e n t (Qiana^

i n v e s t o r s S u p p l e m e n t (Quart^

S ta te a n d C ity S u p p le m e n t

(Entered according to Act of Congress, in tlie year 1898- by the W illiam B. Dana Company, in the office of the Librarian of Oongreee.
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NO. 1721.

SATURDAY, JUNE 18 1898

YO U 66

Week ending June 11.

% h e

(fa h to u itU .

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P ost O f f i c e B O X 958.

NEW YORK.

CLEARING HOUSE RETURNS.
The follow ing table, made up by telegraph, etc., indicates
that the total bank olearings o f all the olearing houses of
the United States for the week ending to-day, June 18, have
been $1,251,692,532, against $1,256,739,000 last week and
$1,047,065,498 the corresponding week o f last year.
Cl e a r in g s .
Returns by Telegraph.

Week Ending Tune 18.
1898.

18Î)7.

P er Oent.

N e w Y o r k .................................
B o ston .........................................
Philadelphia..............................
B altim ore...................................
C h ica g o......................................
St. L ou is.....................................
N ew O rleans........

$638,139,913
69,958,134
61,142,569
16,762,909
90,185,525
23,658,122
5,812,640

$507,906,992 '
77,039.018
50,279,509
11,462,304
69,616,529
26,428,900
5,258,727

+ 2 5 ,6
—9-2
+21-6
+46-2
+29*6
—10'5
+10-5

Sevén cities, 5 days..........
Other cities, 5 d a y s.................

$905,659,802
145,017,237

$747,991,479
125,011,413

+21-1
4-16-0

Total all citie ’, 5 d a y s ....
A ll oities, I d a y ........................

$1.050,677,039
201,015,493

$873,002,892
174,062,606

4-20-4
4-15-5

Total all cities fo r w e e k ..

$1,251.692,532

$1,047,065,498

4-19-5

1898.

1897.

1898.
*. Cent

1885.

New Y o r k ....,.......
P hiladelphia...........
Pittsburg.................
B altim ore................
B uffalo.....................
W ashington...........
R ochester................
Syracuse................
S cra n to n ............ .
W ilm ington............
B ingham ton...........
T otal M iddle.......

747,874.944
65.585.146
16,367.646
18,410,140
4,243.629
2,186,204
1,816,100
1,265,491
866,620
622,202
846,700
859,573.722

B oston ......................
P roviden ce..............
H a rtfo rd ........» . . . . .
New H aven. . . . . . . .
Springfield..............
W orcester................
P ortla n d ..................
Fall R iv e r...............
L o w e ll.....................
New B ed ford ..........
T otal New E ng...

100,858,634
5,053,300
2,440,103
1,505.817
1.256,181
1,385,406
1,290,334
768,639
612,672
844,635
116,015,721

98 444,448
4.833,200
2,191,639
1,475.910
1,359,652
1,367,537
1,223,465
862,490
601,*7 2
444,036
112,794,049

+2*5
+46
+11-4
+2-0
—7 0
+1-3
+5 5
—99
+1'8
+ 90 2
+2 9

87,759,678
6,148,600
2,469,086
1,606.697
1.322,176
1,257,004
1,281,676
732.317
701.667
505,082
102,763,883

94 818,580
5.892,200
2,097.729
1.474 864
1,638 735
1,268,306
1,263 »16
633 668
804 400
468 204
ll0.150.382

Ohioago....................
Cincinnati...............
D e tro it....................
C leveland................
M ilwaukee.............
C olu m bus...............
In d ia n a p o lis ..........
P eoria ......................
T oled o.......« ...........
Grand R ap id s.......
D a yton ......... . . . . . . .
L e x in g to n ...............
K alam atoo..............
A k ro n ......................
Bay C ity..................
R o ck fo rd ......... .
Springfield, O hio...
C anton........ ...........
Youngstown*..........
E vansville*.............
T o t. M id. W est’r .

118 893,136
13.127,650
6,654,144
6.868,986
4,892,628
8.850,000
2,527.218
1.508,981
1,739 864
935,365
781,987
280,170
349,135
346,900
2a3 477
228,132
223,698
196,860
281,746
719,227
168,650,681

85,021,612
12.949,100
5,664.585
6,026,086
4.072,216
8,426,7u0
2,060,042
1,269,118
1,692,813
675,926
636,27»
310,372
803.726
292,600
176 02s*
264,752
149,941
170 000

+33 9
+13-7
+17*5
+13-0
+20-1
+12*3
+22 7
+lx*6
+9-2
+38 5
1-22-fc
—97
+14-9
+18 6
-+44 0
-10-5
+49*1
+16*6

86,198.725
11,908,460
6,972,163
6,507.779
4,994,216
3,752,400
2.207.159
1,488,021
1,345,207
774,730
624,146
301,586
261,49«
289.900
242,611
297,534
177,2*6
160,600

88.694,882
13.749.000
6,189.159
6,278,643
4 «39,011
4 016.600
1,472 392
1.8*8 044
1,542,378
827,860

125.042,814

+20-W

San F ra n d so o ........
Salt L ake C ity......
P ortland ................
Los A n ge le s..........
H elena...................
T a co m a .... .........
Seattle....................
S p o k a n e ..............
F argo......................
Sioux F alls...........
T otal P a cific...

14.519.057
1,651,889
1,835.804
1,446.041
675,26
1,008 000
1.»77.979
889,422
267,794
95,798
23.737.C47

13.638,129
1,354,072
1,220,479
1,230,002
600,000
430,716
571,541
593,550
166.979
51,041
19.766,538

+6*5
+ 21 9
+60 4
+16 9
+36-1
+134-0
+1411
+50-1
+54 5
+87-7
+20-2

12,812.483
1,650,531,209.747
1,168,028
68U.399
459.120
880,334
476 720
214.784
76,276
19,878,429

14,010,941
1,020,790
1,164.256
1,146,098
563 764
602,986
560,000
426 862
176,925
62.867
19,702,874

Kansas C ity........
M inneapolis............
O m aha............
St. P a u l..................
D e n v e r....................
D avenport...............
St. Joseph .............
Des M oines.............
S ioux C ity...............
L in co ln ....................
W ich ita ...................
T opeka.....................
F re m o n t..................
H a stin g s.................
T o t. oth er W est.

10.826.272
8,053,991
6,152,884
4.203.068
2.997.068
868,393
3,37 0,830
1,650,000
697,371
368,957
465,152
505,608
127,343
111,876
39.787,260

+3-4
9.983,197
+ 15 0
7,005,617
+38 5
4.412,079
4-291
3.256,288
+38-1
2,208.177
+ 42 8
610,203
1,103 050 +205-6
+50-9
1,027,035
+8-2
644,259
+6*1
887,49»
-j-0‘2
488,898
+
648
306,995
+66'8
76,338
+179
94,849
+26-2
81,527,884

9,217,980
7,291,146
4.862,296
4,794,942
2,572,953
693,646
1.026,839
843,358
606,68'
338,439
462.760
295 238
63,010
72.985
83,641,262

10,156,184
6,832,066
3,191 859
4.4« 6 864
2,955,827

+16-6
+11-4
+4*6
+11-6
+858
+81-1
+31*1
+16-«
+12-1
+16-1
-1-39*
-6 ”
+14'«
+65-5
-1 0 «
+18-Í
+ 64"
—13*<i
+15-«

22,023.380
6,985,643
4,944,803
1,465,960
1.«-88,161
1,411.279
2,072.540
1.938,81«
1,018,13«
871,40'
878,76«
715,76'
500,00«
367,83«
456.49«
293,741
2-5,40«
194,99'
..........
48,108.05

24,714,604
7,490 435
6,948,086
1,73«,132
2,082 453
1 788,482
2,4'. 9,082
1,496,079
1,118,486
933,546
i-35,046
700 060
466,000
320,609

+22*1

953,552.60

1 089,861,565

+15- 3

426,482.62

448 688,161

The fu ll details o f clearings for the week covered by the
above statement w ill be given next Saturday. W e cannot,
24.466.655
28,496,004
St. L o u is ..................
6,052,566
6,748,90*
of course, furnish them to-day, bank clearings being made New Orleans...........
5.693.827
5.844,918
L ouisville................
1,988,000
2,211,400
up by the various clearing houses at noon on Saturday, and Galveston................
1,806,587
2,452,855
H o u s to n ................
1,468,857
1,925.631
hence in the above the last twenty-four hours of the week Savannah................
2.001,192
2,626,040
R ich m on d...............
1,478,521
1,488,824
have to be in all oases estimated, as we go to press Friday night. M e m p h is ...............
1,181,630
1.864,992
A tlanta....................
1,089,70«
1,168,68«
We present below our usual detailed figures for the pre­ N ashville... ..........
769,06'
880,658
orfolk, ...................
670,40«
vious week, oovering the returns for the period ending with N
932,231
F ort W o rth .............
668,19«
530.201
A
ugusta.............
...
Saturday noon, June 11, and the results for the corresponding 1511MBUlKiUhiLUv.......
881.80«
438.38S
388,19«
641.80«
week in 1897,1896 and 1895 are also given. Contrasted with K n oxv ille................
277,65«
250,00«
L ittle R o ck .............
209,625
288,33«
the preceding week, there is an increase in the aggregate ex­ J ackson ville...........
237.70'
867,36
Chattanooga.......
431,00«
878.00«
changes o f about forty-five million dollars, and at New York M acon......................
60,995,98:
_
58,974.56
T o ta l Southern..
alone the increase is twenty-eight millions. In comparison
1,030,51?,65«
T o ta l a ll............. - 1.256.739,00
with the week o f 1897 the total for the whole oountry shows
608,864,05«t 441,469,23
O utside N. Y ork
an increase o f 22 0 per cent. Compared with the week of
13.668,83
14.883,18
treal.......... .
7.916,25
1896 the current returns record a gain of 31*8 per cent, and TMoon
8,676.46 9
ro n to .................. .
1,189,07 Ì
1,280,16
H a lifa x ...................
1,262,73
the excess over 1895 is 20-9 per cent. Outside o f New York W innipeg.......... .
1,918.601
649,43 2
855,01
am ilton...............
the excess over 1897 is 15*3 per cent. The excess over 1896 H
667,30 2
76102
S t.J o h n ..................
Bl
4
~
25,292.88
28,868,45
reaohes 19-8 per cent, and making comparison with 1895 the
T
1 C an ad a...
* N ot included n to
gain is seen to be 13*4 per oent.




1896.

$
639.049,822
62,889,486
15,052,756
13,230,732
4,103.236
2,301,613
1,592,871
989,512
771.031
649,8x9
821,800
680,402,258

+27*0
H-25’8
+8-7
+ 89 1
+8-4
-5-0
+14*0
+26-P
+12 3
—4 2
+77
+26 í

1
627,069,986
58,048,875
13,120.193
18,838,699
4.397.070
1,942,614
1,625,235
943,128
797,020
«9»,917
453,600
622,934.837

690,678,414
64,028.126
14.164,904
14,617,977
4,421 727
1,080.199
1,494,772
961,910
726,606
700,696
877,800
694,668,190

+o-

+8+ 9 -8
+12- 4
+52- 7
+81" 7
+12 9
+12 1

816,684
288,144
263,188
827.987
273.763
163.788
180.080

127,326 136 181,051 953

10,623,97 3
6,651.71 5
1,102,91 4
961,34
661,18 3
600,00 0
20.601,15 6

1,203,766
932,031
476 734
299,139
441,788
401,068
69,648
02,882
81,420,186

408,90S
362,189
218,665
64.070 288

12 924,656
6,616,382
1,862,374
860,603
741,648
.......
22.604,44 8

THE CHRONICLE.

r 1160

THE WAR R E V E N U E BILL.
On pages 1191 to 1198, under the head of Reports
and Documents, we publish the full text of the new
Revenue and Loan bill, as approved by President
McKinley on Monday, June 13. We have inserted
numerous headings through the body of the bill to
facilitate reference to the various provisions.

THE F IN A N C IA L SITUATION.
There has been somewhat of a reaction in Wall
Street this week, and prices have declined on the
Stock Exchange, though with some recovery at the
close. Two main reasons have been advanced for the
less confident tone. First and foremost is the col­
lapse of the Leiter deal in wheat, with the resulting
great drop in the price of that cereal. In the second
place it is beginning to be felt that the Spanish war is
likely to prove a costlier and more difficult undertak­
ing than had been supposed by the bulk of our
people when the conflict broke out. The victory at
Manila gave the impression that the struggle would
be quickly brought to a close, Spain yielding to the
inevitable. The buoyancy on the Stock Exchange
which followed the announcement of that victory was
in large part attributable to this feeling. The opera­
tions before Santiago and Guantanamo, however,
make it evident that the Spaniards will offer stubborn
resistance, and that in the invasion of the island
many unforeseen obstacles will have to be overcome.
A t the same time reports in the daily papers have
spoken of the probability of the President being
obliged to call for 100,000 more volunteers. No doubt
is felt regarding the outcome, and the action of the
Government in proceeding with great caution and de­
liberation is universally commended. Nor do the finan­
cial arrangements for carrying on the conflict cause any
anxiety.
The War Revenue bill having been ap­
proved by the President on Monday, the Secretary of
the Treasury at once issued a circular inviting sub­
scriptions for 1200,000,000 of the new three per cent
bonds authorized by the Act. The reception accorded
the loan makes it certain that the Government will
have no trouble in borrowing the money it needs on
very favorable terms. Thus the situation is really
very satisfactory. The feeling is, however, that if
the war is to be prolonged instead of being of only
short duration, new bearings will have to be taken as
regards the effect on values, and that in the mean­
time a cautious policy will be wise.
The collapse of Joseph Leiter’s wheat speculations
has naturally been an influence of great moment.
Expectations based on the wheat prices ruling last
month will of course have to be greatly modified un­
der the much lower prices prevailing now. But it
may well be asked if in its ultimate effect the failure
of the “ deal” at this juncture is not to be regarded
as a favorable rather than as an unfavorable occur­
rence. Every previous scheme of this kind— and there
have been many of them— has proved disastrous to
those engaged in the attempt and detrimental to the
interests of the producers. Their invariable effect
'as been to pile up wheat here in sight of the whole
world, consumers supplying their wants meanwhile
elsewhere. As a consequence, when we finally con
eluded to dispose of our holdings, we had to let go at
greatly reduced prices. In view of what has now hap
pened, is there any reason to think that our experi­




rvoL. ixvi.

ence on the present occasion would have been any
different?
The growing winter-wheat crop is now
maturing, and within a few weeks it will be ready fo r
market. The statistical situation of wheat the world
over is such that our farmers ought to be able to sell
this new crop readily at good prices. But this is far
from saying that they could demand fancy prices with
any show of success.
Only twenty days ago it seemed as if Leiter had
achieved the impossible and had been able to raise and
hold values at abnormal figures. But it is now seen that
he was even then carrying an enormous load. The
truth is, the undertaking would long since have met
the same fate as previous similar schemes except that
the breaking-out of the war came in to interrupt the
ordinary course of things. That event served to give
prominence to the shortage of wheat supplies resulting
from poor crops for two successive seasons, and led to
a sort of panic among consumers. But as events have
demonstrated, the abnormal prices proved a powerful
magnet in drawing out old reserves. Not only
were bins here at home swept bare, but ship­
ments from other countries have also reached
unusual proportions. Take merely the movement
the last two weeks, for illustration. The exports
from the United States for the two weeks were
only a trifle less than 10 million bushels, but while
the size of our own shipments was tolerably well
known, it will no doubt be a surprise to most persons
to hear that in the same two weeks Russia, which is
supposed to have had a short crop last year, shipped
over 8£ million bushels, that India exported
million
bushels in these two weeks, and that even Argentina
sent forward over a million bushels, not to speak of
the minor countries. Counting the shipments to
Europe from all the principal exporting countries, in­
cluding the United States, the total for the two weeks
mentioned in 1898 reached 25,723,000 bushels, against
only 12,000,000 bushels in the corresponding two weeks
of 1897.
Obviously these exceptional shipments from other
countries involved a menace to the interests of the
wheat producers in the United States. There was
danger of a repetition of past experience— that is,
there was danger that when our new wheat crop was
ready for market foreign consumers might so largely
have supplied their wants in anticipation from other
sources as to be indifferent about drawing on us. The
result must have been a much more disastrous break
than that which was experienced the present week.
The decline which has come, therefore, has applied a
corrective. There has been a readjustment of values,
so that the outlook for the future is assuring, in­
stead of being threatening. In this sense it is an
encouraging rather than an adverse development.
Nor must it be supposed that prices now are low, even
after the decline. It is misleading to say that the
price has dropped a dollar a bushel within a month—
that is true only when applied to the phenomenal
figure of $1 91 reached by the May option on the 10th
of the month. The July option at its highest did not
touch $1 32, and at the end of May was only $1 07 per
bushel. The price yesterday, after a further break,
was 81f cents, and the important point to note is that
this is 7|- cents a bushel better than the price on the
corresponding day of last year and 17£ cents better
than two years ago. Until the Leiter holdings are
disposed of the market will naturally be more or less
unsettled. But as the crop promises to be a very

J une

18 1898.]

THE

CHEONICLE.

1161

large one, and the world is undoubtedly ready to take road Commission of South Carolina against the
The complaints
at fair prices all the wheat we may have to spare, the Florence Railroad and others.
outlook for the farming classes must still be regarded alleged that the rates charged for the trans­
portation of melons in car-loads from shipping
as bright.
The sta.e of our foreign trade continues one of the points in South Carolina to New York, &c., were unjust
most favorable features in the general situation. With and unreasonable. But the Commission found that
each succeeding month the record is becoming more the rates complained of were lower than those in force
noteworthy. The Bureau of Statistics at Washington between the same points on cotton and general mer­
has this week made public the results for May, and chandise, although greater speed and some other ex­
they are even more striking and significant than those ceptional facilities are involved in the transportation
for the months immediately preceding. May is ordi­ of melons. It was also found that on most of the
narily a lean period in the export trade. The present defendant roads the rates were less than the average
year, however, the great demand for breadstuffs and receipts per ton per mile for all freight. The Com­
the high prices obtained for the same have operated mission accordingly refused to interfere and dismissed
to raise the month to the position of one of the petition.
Money on call, representing bankers’ balances, has
the largest on record.
In short, the exports reached
over 110 million dollars— $110,239,206; the imports loaned at 1$ and at 1$ per cent this week, with the
were only $53,258,841', leaving a balance in favor of bulk of the business at 1$, and the average has been
the United States on the merchandise movement for at a fraction above this rate. A loan for a small
this one month alone of nearly 57 million dollars. amount was made at 4 per cent on Wednesday, but
For the eleven months to May 31 the merchandise ex­ this was regarded as not at all reflecting the
ports have reached the unprecedented total of $1,135,- market conditions, and it was probably made
485,618, while the imports were only $563,596,581, for effect. Banks and trust companies quote
thus netting a balance in the extraordinary sum of 1$ per cent as the minimum. The offerings
571$ million dollars. We need hardly say that never of time loans are a little less liberal, influ­
before has this been anywhere nearly equaled. The enced by the expectation of a better demand
closest approach was in the eleven months of the pre­ as the result of the large subscriptions, present
ceding fiscal year, and then the balance was but little and prospective, for the Government loan. Rates
more than half the amount given, being $298,253,131. quoted by brokers are 2$ per cent for thirty to sixty
If to the 571$ million we add the excess of silver ex­ days; 3 for ninety days to six months and 3$ for seven
ports, the balance is increased to almost 594 million to eight months, on good Stock Exchange collateral.
dollars.
The net gold m ports the same eleven There is a lighter inquiry for commercial paper, due to
months were $102,027,000, so that on the merchandise, the Government loan negotiation, bat the market is
silver and gold movements combined the credit re­ without change as to rates, these being 3@3$ per
cent for sixty to ninety day endorsed bills receiva­
maining is, roughly, 492 million dollars.
Another railroad company has the present week in­ ble, 3$@4 for prime and 4$@5$ for good four to six
creased its dividends. The Denver & Rio Grande has months single names. Brokers report the business
raised the semi-annual dividend on its preferred stock good and a fair offering of choice names. The new
from 1 per cent to 1$ per cent. This is moderate, con­ internal tax imposed by the War Revenue law is ex­
servative action. We showed a few weeks ago how pected to have only a slight influence upon commer­
greatly the earnings of the property have expanded cial paper, the majority of the notes given being for
the present year.
Taking the figures for thirty $5,000 to $10,000, calling for a stamp of $1 to $2.
With the exception of a French Ministerial crisis,
days later now, we find that for the ten months to
April 30 1898 there was a surplus above fixed the Meline Ministry resigning, there has been no im­
charges and expenses of $750,273, against only portant feature in the European political situation
$394,901 in the corresponding ten months of this week. On Wednesday there was an inquiry for
the preceding fiscal year. The dividend of 1 gold in London for shipment to America in connection
per cent paid in January required $236,500, while with subscriptions for the new loan, but no engage­
the 1$ per cent now declared payable in July will call ments were reported. The Bank of England minimum
for $354,750, making $591,250 together. Deducting rate o f discount remains unchanged at 3 per cent.
this from the $750,273, there is still left a balance of The cable reports discounts of 60 to 90 day bank bills in
$159,023, with the surplus for two months more to London 1$ per cent. The open market rate at Paris
add on to complete the fiscal year. President Jeffery is I f and at Berlin and Frankfort it is 3f@ 3$ per
was yesterday quoted in an interview as saying that the cent. According to our special câble from London,
outlook for general business in the West is excellent. the Bank of England gained £161,417 bullion during
From his personal observation he could say that small the week and held £38,156,127 at the close of the
grains in Kansas, Nebraska and Iowa look as well as week. Our correspondent further advises us that the
they ever did in June. Corn, however, he thinks, is gain was due to the receipt of £680,000 from the in ­
at least two weeks backward. Business in Colorado terior of Great Britain, to imports of £362,000 (£228,000 from Australia, £35,000 from Italy, £87,000
generally is better than since the panic of 1893.
It is gratifying to note that the Inter-State Commerce bought in the open market and £12,000 miscellane­
Commission, with the changes in its personnel which ous), and to exports of £881,000— £868,000 being to
have been going on, is showing a more judical attitude, Japan and £13,000 to America.
There was an important decline in the foreign ex­
or at least is not ruling any longer invariably against the
railroads, in the eases of complaints brought before it. change market early this week, due to a light demand
This is an attitude that has long been desired and if and liberal offerings of bankers’ bills in connection
maintained will add greatly to the usefulness of the with intended subscriptions for the new 3-per-cent
Board. We are led to refer to the matter because of loan. The fall in wheat at Chicago brought out a
-its decision this week in the case of the Rail- supply of commercial bills, and the tendency was




THE

1162

CHRONICLE.

downward until Wednesday, when the tone grew a
little steadier on a light volume of business, and it
was a shade firmer thereafter.
There has been
some buying of bankers7 bills for future delivery
and also to remit for July coupons in order to avoid
payment of the new tax, which will become operative
after July 1. A t the same time offerings of runningoff investment bills have been fairly liberal. The for­
eign bankers are making a careful study of the provi­
sions of the War Revenue bill with a view to determin­
ing what course to take in relation to the new tax.
There is some criticism as to the manner in which the
tax is required to be levied, but no disposition is mani­
fested to evade the provisions of the law, and it is re­
garded as probable that the tax, which amounts to
about one-quarter of a cent per pound, will be added
to the price of the draft. There was a reduction in
nominal rates for exchange on Monday by Brown Bros.,
the Bank of British North America, the Canadian Bank
of Commerce, Heidelbach, Ickelheimer & Co. and
Lazard Freres, which made the range from 4 85 to 4 85^for sixty-day and from 4 86£ to 4 87^- for sight. Rates
for actual business were reduced half a cent all around,
compared with those at the close of Friday of last week,
to 4 84@4
for long, 4 85£@4 85f for short and
4 85f@ 5 86 for cable transfers, and the market was weak
in the absence of demand and also because of offerings
of bankers and commercial bills, the latter against
grain. On Tuesday there was no change in nominal
rates but those for actual business were further re­
duced one-quarter of a cent all around, to 4 83f@ 4 84
for long, 4 85£@4 85£ for short and 4 85£@4 85£ for
cable transfers, and the market was easy at the
close. The tone was steady on Wednesday and
reductions in nominal rates by Baring, Magoun &
Co., the Bank of British North America and
Lazard Freres made the range from 4 84£ to 4 85£ for
sixty-day and from 4 86 to 4 87£ for sight. Rates for
actual business were, however, unchanged, and there
was no alteration in them on the following day,
though then the range for nominal rates was from
4 84£ to 4 85 for sixty-day and from 4 86 to 4 86£ for
sight. The tone was a shade firmer. On Friday the
market was firm at an advance of one-quarter of a
cent in- rates for actual business, to 4 84@4 84£ for
long, 4 85£@4 85f for short and 4 85f@ 4 86 for cable
transfers.
Nominal rates were unchanged.
The
following shows daily posted rates for exchange by
some of the leading drawers.
FBI..
Mo n .
T u b s ..
T h u b ..
F B I,
June 10 June 13. June l i . June 16. June 16. June 17.
( 60 days.
Brown Bros........ 1
Sight..
Baring,
( 00 days.
Magoun & Co.. 1 Sight....
Bank British
f 00 days.
No. A m erica.. <Sight....
Bank o f
f 60 days.
M on treal........ { S ight....
Canadian Bank (00 days.
o f Commerce.. ( Sight....
Heidelbach, Ick- $60 days.
elheimer & Co 1 Sight....
days.
Lazard Freres.. j1 60
Sight....
(6
0
days.
Merchants’ Bk.
o f Canada........ (S igh t....

S 5«
87
86*6
87«
85«
87
86
87
85«
87
86«
87«
86«
87
85«
87«

86
86«
85«
87«
85«-5
8 7-6 «
85
87
85
86«
85
86«
85
86«
85«
87

85
80«
85«
87«
85
86«
86
87
85
. 86«
86
86«
86
86«
85«
87

85
80«
86
87«
86-4 «
86«-0
85
87
85
86«
85
86«
84«
86
85«
87

85
86«
85
86«
81«
86
85
66«
86
86«
85
86«
84«
86
85
86«

85
86«
85
80«
81«
86
86
86«
85
86«
85
86«
84«
60
85
86«

The market closed firm on Friday, with rates for
actual business 4 84@4 84£ for long, 4 85£@4 85£ for
short and 4 85|@4 86 for cable transfers. Prime com­
mercial 4 83f@ 4 83£ and documentary 4 82£@4 83.
Cotton for payment, 4 82£@4 83 ; cotton for accept­
ance, 4 83£@4 83£, and grain for payment, 4 82£®4 83.
The following statement gives the week's movement
01 money to and from the' interior by the New York
banks.




[V o l.
----

Week Ending June 17,1898.

Received by Shipped by
N, Y. Banks. N. Y . Banks.

LXVI.
i= 5=53»»

N et Interior
Movement.

C urrenoy__________ _____ __________
H old ...................... .................................

$5,502,000
910,000

$1,703,000 Gain.$3,799,000
321,000 Gain.
589,000

Total gold and legal tend ers.. . . .

$6,412,000

$2,024,000 Galn.$4,388,000

Result with Sub-Treasury operations, etc.
Week Ending Ju/ne 17,1898.

Into
Banks.

Out of
Banks.

Banks’ interior movem ent, as above

$6,412,000
18,103,000

Net Change in
Bank Holdings.

$2,024,000 Gain.$4,388,000
17,300,000 Gain. 803,000

Total gold and legal tenders....... $24,518,000 $19,324,000 Gain. $5,194,000

The following table indicates the amount of bullion
In the principal European banks this week and at the
corresponding date last year.
June 17, 1897.

June 16, 1898.
Bank of

F rance,...
G erm any....
Russia
Aust.-Hung’y
.Spain. . . ... ..
Italy ..............
Netherlands.
Nat.Belgium.

Gold.
$
38,156,127
75,011,468
28.142.000
110,695,000
34.834.000
9.834.000
16.100.000
2.860.000
2,903,000

Silver. I
a

Total.

I
$
1 38,150,127
49.390,10? 124,401,577
14.498.000 42,040,000
4,364,003 115,059,000
12.581.000 47,415,000
4.228.000 14,062.000
1.921.000 17,021,000
0,965.000 9,825,000
1.452.000 4,355,000

Gold.

Silver.

JB
j
$
36,820,8511 ...............
79,900,483 49.168.860
80.771.000 16,000,000
92,197,000| 4,115,000
85.838.000 12,657,000
8.833.000 11,861,000
15.028.000 2,138,000
2.630.0001 7,002 000
8,780,000' 1,308,000

lota l.
4
36,320,851
129,089,340
40.771.000
96.312.000
47.995.000
20.194.000
17.160.000
9.632.000
4.104.000

Tot.this week 317,535.595 95,399.109 412,934,704 303,7 54,331 103809S60 407,664,191
Tot. prev. w’k 318.104.884 95,452,988 413,557.872 801,820,357 102000820 403.893.177

THE IN V A S IO N OF CUBA.
When the Spanish-American war broke out, general
belief undoubtedly was that the movement on Cuba
would take shape first in the siege of Havana. When,
much later, the fleet blockaded the entrance to Santi- *
ago, public opinion similarly leaped to the conclusion
that the invading army was to be landed at once at
that harbor for offensive operations. This week the
movement of invasion has actually begun, but the se­
lected base of operation, so far as recent advices in­
dicate, is not even Santiago, but G-uantanamo, a point
some fifty miles due east of Santiago, and further if
the usual route of communication is followed. It re­
mains, of course, to be seen whether the expedition of
15,000 regular and volunteer soldiers which sailed
from our Southern coast early in the week, and whose
arrival on the south coast of Cuba is now almost
hourly expected, will land in force at Guantanamo or
in the neighborhood of Santiago. In either case a
policy of cautious tactics and military deliberation
has obviously been adopted.
This change from recent popular expectations illus­
trates two facts in the pending campaign, each of which
has some instructive bearing on the future.
The
occupation of Cuba is shown, in the first place,
to be no such holiday task as the enthusiasts of three
months ago promised the people. What is still more
important, this careful study of strategic possibilities
by our navy proves that the interests of the United
States are not likely to be jeopardized by a rash and
hasty move. For much of this spirit of mature ju d g ­
ment and prudent operation the naval officers on the
Washington Board of Strategy and at the front, de­
serve the credit. We think it only jnst, however, to
recognize the part which American public opinion
has played in this programme of conservatism.
On general principles, there was quite as good reason
to expect this year a restless demand for instant ac­
tion and immediate achievement as there was in 1861.
If the people and the newspapers had united in a
clamor against delay, we might not perhaps have been
led into a latter-day Bull Run, bat the pressure on the
Government to over-rule the cautious policy of the
experts would have been very great/and the conse-

J une 18 1898.

THE CHRONICLE.

1163

quences by no means certain. Instead of this, the formidable the forces of obstruction are certain to
people have acquiesced in the line of action prescribed become.
We mention these facts, not to express doubt or
by the military authorities; there has been little even
of individual grumbling and complaint; and what is discouragement, but to show why the war has passed
not least noteworthy, the avowed and delib­ into another and a different stage from the succession
erate policy of the
Government to exclude of brilliant and rapid achievements which marked its
from the dispatches of newspaper correspondents in­ first eight weeks. The successful blockade of Havana,
formation whose publication at the time was not the destruction of Spain’s Philippine fleet, and the
deemed prudent, has been quite universally approved. hunting down of Cervera until, by a final bold exploit,
This disposition of the public may be taken as evi­ he was locked helpless in Santiago Harbor, have passed
dence of a greater maturity of outside judgment than into history as the first and complete chapter of our
existed in 1861, or it may be interpreted as a sign of Spanish war. It will now be sfeen, however, that as
confidence in the competency of our naval and mili­ strategic moves these operations were little more than
tary directors. In either case the incident is reassur­ preliminary. Almost forgotten in the victory in the
ing. The two most formidable dangers in a military China Sea, the capture of Cuba has once more become
campaign by a republic— outside of absolute inef­ what it was at the declaration of hostilities, the fore­
ficiency of its commanders—are popular interference most and the logical problem which the war must
in the conduct of a war or popular mistrust of the solve.
For ourselves, we entertain no doubt of the ability
responsible leaders. How serious were the results of
these two tendencies in the early years of our Civil of our army and navy forces eventually to obtain pos­
War, and how frequently they obstructed effective session of Cuba. We are the more convinced of this
warfare in such notable episodes as the Roman Re­ from the very fact that a deliberate and cautious pol­
public’s wars and the Dutch campaigns of the Seven­ icy of invasion has been adopted. The danger at the
outset lay in such possible reverses to the undertaking
teenth Century, readers of history will remember.
We are very sure that the value of this popular dis­ as should simultaneously have discouraged sentiment
position will be recognized by every one, when the at home and encouraged abroad the efforts of
recent and future events of the war come to be governments or factions to interfere in behalf of
viewed in retrospect. At the moment, the most Spain. From now on, the rational policy which our
striking part of the situation is its disclosure of the Government plainly recognizes is to pursue consistently
misconception so largely entertained last spring re­ the plan to which we were committed by the war reso­
garding the problem of Cuban invasion. The skirm­ lution. The dispatching of an army to the Philippines
ishes of this week at Guantanamo are of themselves became inevitable from the peculiar situation created
enlightening. The civilian is habitually apt to picture by Admiral Dewey’ s v ictory ; yet it is already mani­
the march of an invading army as he would imagine fest that the diversion of a portion of our troops to so
a parade down the well-made roads converging on remote a point is a distinct embarrassment to the
New York. Instead, he read.3 of fights at close larger enterprise. Y et the strange proposition has
range in a tangled tropical forest, on ground covered lately been advanced that our navy’ s next move ought
with tall grass and underbrush, where experienced to be a demonstration on the coast of Spain.
The truth is that in no other way, so long as Spain
bushwhackers choose their positions with the art of
Apache Indians. A very large part of our com ­ continues defiant, can the purposes of this war be ac­
munity in and out of Congress had conceived the complished and peace be restored than by the occupa­
Cuban insurgent army as a body of trained and disci­ tion and pacification of Cuba. For this we went to
plined soldiers, whose repulse of the Spaniards in the war, and with this effected it would be our right to
mountains was achieved by military tactics after our demand immediate peace. In such a demand, sub­
own idea of warfare. Only three months ago, a mitted under such circumstances, there is sufficient
good minority of our Senators were insisting on reason to believe that the United States would be sus­
recognizing as an established republic the make-shift tained by the foreign Powers. If the demand were to
government set up by these roving guerillas—a step come in such shape, Spain would certainly have no al­
which, by the law of nations, would have subjected ternative left but to acknowledge the patent fact that
our own invading Generals and Admirals to the orders she had lost Cuba and that she could not hope to re­
of the Cuban commanders. Y et a single week’s exper­ cover it. The suggested possibility that Spain might'
ie n c e has shown these insurgent troops to be a band of even then continue to resist and declare herself ready
guerillas, brave in action, but wholly undisciplined in for a further contest is the most unlikely of diplo­
The sole prop of the unlucky
tactics, skilful in use of their favorite hatchet weapons, matic chances.
but not formidable in the use of modern firearms—in Sagasta Ministry, up to the present time, has been its
short, an ally whose instincts will undoubtedly have to vague hope of a European demonstration in its favor.
be held in check as of ten as they have to be encouraged. It would hardly stand against coercion from all the
Einally, the Guantanamo episode has foreshadowed friendly Powers at once.
Whatever incidental strategic move, then, be in­
very clearly a stubborn fight by the Spanish troops.
This resistance may not be effective; it would probably volved at Manila or Porto Rico, the objective point for
count for little on an open field, where the marks­ the rest of the campaign is necessarily Cuba, and par­
manship of our soldiers had full play, and it has been ticularly Havana. ' The problem at best is compli­
broken down this week even in the forests and under­ cated, and its solution will necessarily be slow. The
brush of Guantanamo. But it mast be remembered general feeling of competent authorities appears to be
that the very purpose of the landing at Guantanamo that if aggressive operations on a large scale are in
was to establish a base of operations where the Span­ progress in Cuba by the early autumn months, we
ish guard was weak, apd where our war-ships eould shall be doing well. This is not altogether an agreea­
uo-operate. The further our troops advance from ble prospect to enthusiastic citizens who hailed
.-such a point towards Santiago or Havana, the more the declaration of war as the beginning of




1164

THE CHEONICLE.

»V ol . î X V I,

a three-weeks* triumphal progress, to be crowned withi and misunderstandings amongst the industrial and
brilliant and easy victory. But all such citizens were3 other communities in the various nations, and thus to
warned in time that the invasion of Cuba would be no) facilitate the work of the Union.
holiday junketing-party; their illusion merely repeatedi
One of the papers read at the London Congress is
what has been witnessed at the opening of almost; of particular interest to citizens of the United States.
every war in history. If we may look for a cautious! It was prepared by M. Georges Maillard, of Paris,
and deliberate movement into Cuba, which shall drawr who presented the result of the Brussels Conference
the line by degrees around the Spanish forces, and[ of the International Union. Although this conferwhich, as it occupies each successive town or prov­■ enee took place at the close of last year, no official
ince, shall ensure the maintenance of such holdings! report of its proceedings has yet been published.
against any counter-movement, the home community Tiiere is no reason, however, to doubt the accuracy of
will at least be free from the harassing influence of! M. Maillard*s statement, which has been drawn from
daily uncertainty and misgiving.
authentic sources. Just before the Conference as­
sembled, the United States delegates were instructed

PATENTS, DESIGNS, TRADE-M ARKS AND 1 to propose an important modification of Article 2 of
COPYRIGHT LEGISLATION—A N INTER­
NATIONAL CONGRESS*

the original International Convention. The article
runs as follows: “ The subjects or citizens of each of
M a n c h e s t e r , June 4.
the contracting States shall, in all other States of the
An important congress has been held in London Union, as regards patents, industrial designs or mod­
during the last three days of the International Asso­ els, trade-marks and trade names, enjoy the advant­
ciation for the Protection of Industrial Property. ages that their respective laws now grant, or shall
Although founded only in October last, the Association hereafter grant, to their own subjects or citizens.
has already about 600 members, including many in Consequently they shall have the same protection
Austria, France, Germany, Great Britain, Hungary as the latter, and the same legal remedy against any
and Switzerland, and a fair number in Belgium, Den­ infringement of their rights, provided they observe the
mark, Italy, Luxemburg, the Netherlands, Russia, formalities and conditions imposed on subjects or citi­
Sweden and Norway. As yet only five names repre«- zens by the internal legislation of each State.** The
sent the United States.
alteration proposed on behalf of thè United States
The object of the Association is to discuss and for­ provided that when, in any State, a citizen of another
mulate measures for bringing into harmony and, as State applies for a patent or for registration of a trade
far as possible, assimilating the legislation of all mark, he may be compelled, if thought fit, to pay the
countries with reference to trade-marks, patents, de­ same amount of fees, & c.,as those chargeable in his
signs and copyright. The first congress took place in own country. And further, that any such State may,
Vienna last October. That just held in London was if thought fit, refusò protection to any invention not
attended by fully 300 representatives, of whom a large patentable in the country of origin. On learning that
proportion were patent lawyers, patent agents and this motion would be brought forward at Brussels, the
consulting engineers, besides manufacturers, mer­ Manchester Chamber of Commerce at once requested
chants and delegates of commercial and industrial the British Government to instruct its delegates to sec­
bodies. The President was Sir Henry Roscoe, and ond the American proposal. The answer was that the
there were also present eminent specialists such as Sir suggestion would be carefully considered.
Richard Webster, the English Attorney-General, Mr.
M. Maillard*s statement now shows that the amend­
J. F. Moulton, M. Eugène Pouillet, M. Emile Bert, ment was duly moved by the United States delegates,
and representatives of great industrial establishments but that it found no support whatever. It conse­
such as those of Krupp, Siemens, Casella, Armstrong, quently fell to the ground. In submitting it, one of
and others, besides those of the British Patent and the American representatives said that his Govern­
Foreign Offices.
ment was not desirous to give protection to subjects
The association is quite distinct from the Interna­ of nations which had placed serious restrictions upon
tional Industrial Property Union, which is a purely the protection of inventions to the detriment of Amer­
official and diplomatic body composed of delegates ican citizens. He added that if the article were not
from nearly all the leading governments, including modified the United States would merely add restric­
those of the United States and Great Britain, the only tions to their own law. The ground upon which this
conspicuous exception being Germany. The Govern­ apparently very reasonable modification was rejected
ment of Austria-Hungary has recently decided to join was that it would substitute a system of retaliation
the Union, but its action has yet to receive the ap­ for the principle of equal treatment in each country
proval of the Parliament of the dual monarchy. The of citizens and foreigners. On the score of consist­
Union has held four conferences— at Paris in 1883, at ency with its constitutional principles, the ConferenceRome in 1886, at Madrid in 1890 and at Brussels in was of course quite right in rejecting the American
December 1897. The purpose of the Union is the proposal. But then the question arises whether even
same as that of the Association, but its work is ham­ the particular principle referred to ought to be main­
pered partly by the inevitable want of adequate techni­ tained in view of the undoubted abuses at which the
cal knowledge on the part of the official representa­ proposal was aimed.
tives of the various governments, and partly by the
The first point dealt with in it is perhaps not o f
conflict of opinion and interests existing in and be­ serious importance, viz. : that of the wide difference in
tween the nations represented. Hence the progress the charges of the patent offices in the several coun­
accomplished at the conferences already referred to tries. But the second involves a glaring injustice. In
has been slow, and in some cases its agreements have Germany the gateway by which inventions attain the
proved unworkable. The function of the Association privilege of patent-right is so narrow that only the
is therefore to reconcile differences, to remove doubts clearest evidence of originality ancj also of public
* Communicated by ou Sped Correspondent at Manchester.
utility of the invention will admit them. Moreover,




J uke 18, 1898.]

i

THE CHRONIC]

the decisions as to patentability, being made in Ger­
many by various individuals, have frequently the ap­
pearance of caprice, not due to wilful error or parti­
ality, but simply to the fallibility of the most honest
human judgment.
On the other hand in France and in England patentright is granted without examination as to novelty or
utility.
It follows, therefore, that in these coun­
tries and even in the United States the monopoly
secured
by
such
right
is often
held
by
Germans in respect of ideas, processes or ma­
chines for which no similar privilege can be ob­
tained in their own country. Hence it frequently
happens, as in the case of coal tar colors, that English
and American calico printers, dyers, and other con­
sumers of colors, have to pay prices for them enor­
mously greater than those paid by their competitors in
Germany, because patents are held in England and the
United States by Germans for processes of production
which any one can use without license or restriction in
Germany, the processes not being patentable there.
It was at this anomaly that the second part of the Amer­
ican proposed amendment was aimed. But if the
Constitutional principle of the Union is to be main­
tained— that is to say, the equal treatment of citizens
and foreigners, the injustice can only be remedied by
an assimilation of the practice of all nations in respect
of patentability. It is quite possible that this mode
of solution may ultimately be adopted. Representa­
tives of the German Government were present at the
Brussels Conference of the Union, and the opinions
expressed by Germans at the London Congress clearly
show that there is a strong desire in Germany not
only that the Berlin Government should join the
Union, but also that the stringent rules as to the ad­
mission to patent rights there should be greatly
relaxed.
Considerable discussion arose at the London Con­
gress upon Article 6 of the International Convention,
referring to trade-marks, which is at present a dead
letter. It provides that “ Every trade-mark registered
in the country of origin shall be admitted for registra­
tion, and protected, in the _orm originally registered
in all the other countries of the Union.” Notwith­
standing this Article, England, which joined the
Union in 1884, and has therefore assented to it, h s
never acted upon it in cases where a trade mark of
foreign origin has been identical with or closely re­
sembling one already upon the English register. The
truth is that the Article cannot be generally car­
ried out in all the countries of the Union
without violent injustice to existing registered
proprietors. An exclusive right which by its very
nature is conceded only to one person in a particular
country ceases to be an exclusive right the moment
that others, whether citizens of that country or not,
are permitted to share it. The first step towards an
assimilation of trade-mark practice is obviously to ob­
tain a common definition of what may constitute a
trade-mark; and the second is to collect and register
at a central bureau all known marks already registered
in the States constituting the Union. Even then con­
flicting claims as to prior rights will have to be settled,
either by restricting the area over which identical or
similar marks may be used when there are two or more
claimants, or by some other arrangement of conflicting
claims.
It is satisfactory to learn that Japan is preparing to
carry out her engagement made in the recently con-




1165

eluded commercial treaties to join the International
Union. A representative of that country was present
at the Brussels Conference, although, of course,
neither he nor the German delegates voted upon the
motions brought forward. American as well as British
merchants have suffered considerably from Japanese
imitations of their marks, and there is now the pros­
pect that before long nefarious practices of this kind
will become punishable under the laws of Japan.

CONSTRUCTION OF F ID E L IT Y IN SU RAN CE
BONDS.
Suretyship by fidelity insurance companies has be­
come such a feature of modern financial meth­
ods that questions bearing on the interpretation
of any of the customary provisions of such surety
bonds possess a wide degree of interest. There have
been two decisions recently by the U. S. Supreme
Court in cases involving questions of that kind. The
cases were related, having arisen out of a common
cause, and some of the points raised were novel as
well as important. The decisions therefore will repay
careful study.
It appears that the American Surety Company of
New York was on the bond of both the President (J.
W. Collins) and the Cashier (George N. O'Brien) of
the failed California National Bank of San Diego, Cal.,
The bonds were in the usual form, guaranteeing or
insuring the bank, subject to certain conditions,
against any act of fraud or dishonesty committed by
Collins and O'Brien in their respective positions as
President and Cashier of the institution. The bond
of the latter was for $15,000, that of the President for
$25,000. Each of the bonds was of course a wholly
separate instrument, and they are connected here be­
cause actions were brought on both of them. The
issues were substantially the same in each, though
separate decisions were rendered. We shall confine
ourselves to the suit brought on the bond of
O’Brien, the Cashier, as the general questions raised
were considered more at length in that suit, and there
were also some special points passed on in this case.
On the failure of the bank and the appointment of
a receiver it was found that Collins had been a de­
faulter for a very large sum, and that in some of his
misdoings O'Brien, the Cashier, had been his accom­
plice. The specific charge against O'Brien on which
the demand for indemnity was based was that on the
13th and 14th days of October 1891 he, being Cashier,
fraudulently and dishonestly placed to the credit of
Collins two sums, $20,000 and $24,500. The bank
suspended November 12 1891, and at that time Col­
lins had to his credit on its books only $11,421. Of
the $44,500 falsely credited to him, therefore, he had
drawn out, on his own checks, $33,079, which was
wholly lost to the bank. Upon the suspension of the
bank, the Comptroller of the Currency appointed an
examiner, who entered upon an investigation of its
affairs. On December 18 1891 Frederick N. Pauly
was appointed Receiver, and on December 29 1891,
after having qualified, he took possession of the books,
papers and assets of the bank. The old employes
were retained for a short time, O’Brien remaining in
service under the Receiver until about March 2
1892, when he left because the Receiver declined to
pay his salary. On March 3 1892 Collins, the Presi­
dent, died.
The Receiver, in declining to pay O’ Brien's salary,
stated that it would be credited on any indebtedness

1166

THE CHRONICLE.

[V ol . l x v i .

of O'Brien's to the bank. The inference from this act able after such act shall have come to the knowledge
was that the Receiver already at this time had some of the employer," it may well be held, Justice Harlan
ground for suspecting irregularities. The importance points out, that the Surety Company did not intend
of that fact will presently appear. While a general to require written notice of any act upon the
examination of the books had been going on during part of the Cashier that might involve loss unless
January, February and March, it was not until April the bank had knowledge— not simply suspicion—
1 1892 that expert bookkeepers entered upon a par­ of the existence of such facts as would justify a care­
ticular examination of such books with a view to as­ ful and prudent man in charging another with fraud
certaining the transactions of Collins while he was and dishonesty. If the company intended that the
President. Towards the end of May these experts bank should inform it of mere rumors or suspicions
made the discoveries already alluded to, and on May affecting the integrity of O’Brien, such intention
23 1892, Receiver Pauly, now knowing the exact ought to have been clearly expressed in the bond. It
facts, wrote to the Surety Company giving notice of was left to the jury to determine when the Receiver
the detection of fraud that entitled him, as re­ first acquired knowledge of acts indicating fraud or
ceiver, to look to the company for indemnification, dishonesty on O’Brien's part, and they found in effect,
for the loss sustained, upon the bonds of Collins says Justice Harlan, that he had no knowledge of any
and O'Brien. After much correspondence with the such act until after the report by the expert book­
officials of the company, the Receiver finally, on Sep­ keepers made about or a few days before May 23 1892.
tember 21 1892, wrote to the Vice-President of the
But it had also been argued on behalf of the com ­
company saying there had been so much delay in the pany that the discovery of the fraud was not within
matter, that by direction of the Comptroller of the six months from the “ retirement of the employe from
Currency he had placed it in the hands of the United the service of the employer," as required by the bond.
States Attorney in New York, with instructions to The frauds occurred October 1891, the bank suspended
collect the amount of the bonds. The company in November 12 1891. Six months from the latter date
reply expressed its gratification that in taking up the would be May 12 1892, while notice of the fraud was
question finally, it could deal with it on the merits of not given until May 23. Undoubtedly, Justice Har­
the case. The result of the trial was a judgment in lan aveis, the company did not agree to be liable for
favor of the Receiver on O'Brien's bond in the sum of a fraudulent or dishonest act of the Cashier not dis­
$17,435, this including costs, interest, &c.
That covered until after six months from his retirement
judgment was affirmed in the United States Circuit from the service of the bank. But is it true, asks the
Court of Appeals, and its correctness is now upheld Court, that within the meaning of the bond O’ Brien
by the United States Supreme Court.
retired from the service of the bank when it suspended
One of the conditions of the bond was that any business on November 12 1891. ff We think not. The
claim made in respect to it should be in writing, ad­ bank was in existence under its articles of association
dressed to the company, as soon as practicable after the while the examiner, under the order of the C om p­
discovery of any loss for which it was responsible and troller of the Currency, was engaged in the investi­
within six months after the expiration or cancel­ gation of its affairs. Such investigation did not
lation of the bond. The company contended that of itself have the effect to discharge O’ Brien from its
the Receiver had failed to comply with this condition. service. It is true that when the bank suspended
It insisted that the Receiver in January, February, business, and the investigation by the examiner co m ­
March and April 1892 had such information in menced, O’Brien ceased to perform the ordinary
respect to the acts of O'Brien as Cashier as made duties of a cashier. But, within the meaning of the
it his duty long before his letter of May 23 bond O'Brien did not retir j from, but remained in,
1892 to give the required notice to the company. the service of the employer during at least the inves­
Judge Wallace, in the lower court, in ruling on tigation of the bank's affairs, and the custody of its
this point, noted that it was not sufficient to defeat assets by the national bank examiner, which lasted
the Receiver's right of action upon the policy that it until the appointment of a receiver and his qualifica­
be shown that the plaintiff may have had suspicions tion on the 29th day of December 1891.
*
*
*
of dishonest conduct on the part of the Cashier; but it Whether within the meaning of the bond 0 Brien
was the Receiver's duty, under the policy, when he was was in ‘ the service of the employer,' while he was in
satisfied that the Cashier had committed acts of dis­ the service of the Receiver, we need not say. It is
honesty or fraud likely to involve loss to the company, sufficient for this case to hold that he was in the ser­
under its bond, as soon as practicable thereafter to give vice of the employer at least up to the time of the Re­
written notice to the company. The Receiver may have ceiver's appointment and qualification, which occurred
had suspicions of irregularities; he may have had sus­ within six months prior to the discovery of his fraud
picions of fraud; but he was not bound to act until he and dishonesty and the giving of notice thereof. We
had acquired knowledge of some specific fraudulent or therefore hold that the acts of fraud or dishonesty
dishonest act which might involve the company in lia­ here involved were discovered during the continuance
bility for the misconduct. Now, when was it he of the bond and within six months after the retire­
acquired such knowledge ? Judge Wallace said this was ment of the employe from the service of the em­
a question of fact, and he left it to the jury to deter­ ployer."
mine.
The further claim was made that the bond was
The U. S Supreme Court speaking through Justice void by reason of fraudulent misrepresentations and
Harlan says it can perceive no error in such in­ concealments on the part of Collins, acting as the
structions— that they are entirely consistent with the President of the bank. When O'Brien applied to the
terms of the contract. In the argument much stress Surety Company for a bond he presented a letter
was laid upon the words “ which may involve loss" from Collins in effect vouching for his integrity and
in the bond. But when those words are taken with character. The company claimed that in obtaining
the words in the same sentence “ as soon as practic­ the bond Collins acted for the bank, and as




v

>

a corporation can only speak by agents *,the
bank was responsible for any false or fraudu­
lent statements in the certificate given by Collins
to the Surety Coippany, and which he signed as Presi­
dent of the bank. But Justice Harlan says the pro­
curing of a bond for O’ Brien, in order that he might
become qualified to act as cashier, was no part of the
business of the bank, nor within the scope of any duty
imposed upon Collins as President of the bank. It was
the business of O’ Brien to obtain and present an accept­
able bond, and it was for the bank, by its constituted
authorities, to accept or reject the bond so presented.
The bank did not authorize Collins to give, nor was^it
aware that he gave, nor was he entitled by virtue^of
his office as President to sign, any certificate as to the
efficiency, fidelity or integrity of O’Brien. No rela­
tions existed between the bank and the Surety Com­
pany until O’Brien presented to the former the bond
in suit. What, therefore, Collins assumed in his
capacity as President to certify as to O’ Brien s fidelity
or integrity, was not in the course of the business
of the bank, nor within any authority Collins pos­
sessed.

R A ILR O A D

N E T E AR N IN G S FOR

A P R IL .

Returns of railway earnings, gross and net, con­
tinue so uniformly favorable, month after month, that
the matter no longer possesses the attribute of novelty,
and is received as a matter of course. Yet as an in.
dustrial fact the steady expansion in the revenues of
our transportation systems is one of the most striking
as it is one of the most important phenomena of the
day. We have compiled the results for April, and
they show no interruption in the upward movement,
nor apparently any check in the tendency in that di­
rection.
One hundred and thirty-nine roads have
contributed returns, and these 139 roads in the ag­
gregate show, roughly, 8^- million dollars gain in
gross receipts, or 14*36 per cent, and three million dol­
lars gain, or 18*68 per cent, in the net. The following
are the totals :
January 1 to April 30.
(137 roads.)

April.
(189 raids.)
1898.

1897.

»
$
Gross ear n’s 67,479,553 59.001,971
42,842.851
4«,236,601
Oper. exp ...
Net earn’s 19,193,952 16,172,17

i

V

Increase.

1898.

1897.

Increase.

1
$
%
$
8,474,582 235,935/57 ’33,812,335 32,173,502
6,452,747 187,781,333 168,415,122 19,316,2 il
3,011.835 ’ 8,224/21

65,367,243 12,857,381

We need hardly say that the leading conditions
were favorable to large earnings. The influence of
the war in checking industrial activity wa3 not so
much a factor bearing upon the present as it was a
factor presenting the possibility if continued of con­
traction in the future. On the other hand the grain
movement in the West was of very exceptional dimen­
sions, and the demand for the grain, together with
the liigh prices prevailing, placed the farming interest
in a state of great prosperity, where they made
liberal purchases of goods and supplies in the East,
thus giving the railroads a large return movement in
merchandise and general freight. In the West the
roads also 'had the advantage of a larger provisions
movement; in the South they had the advantage of a
larger cotton movement. Last year the conditions
were mostly adverse; still in the aggregate our tables
then revealed a small improvement in both gross and
net,r as will appear from the following, carrying
the"comparisons of the totals back for a series of
years.




116

THE CHEONICLE.

J une 18, 1898.]

Tear and
number
o f roads.
April.
1393 (131)
1894 (147)
1895 1141)
1896 (136)
1897 (134)
1898 (139)
Jan. 1 to
April 30.
1893 (126)
1894 (144)
1895 (136)
1896 (134)
1897 (129)
1893 (137.)

Net Burnings.

Oros» Earnings.
Increase or
Year
Preceding. Decrease.

Tear
Given.

Tear
Given.

Increase or
Tear
Preceding. Decrease.

$
56,001,070
49,151,945
52,497.911
53,693,587
67,931,742
67,479,553

«
54,148,665
58,511,149
50,209,738
53,000,651
57,789,859
69,0)4,971

8
+1,852,405
—9,359,204
+3,283,143
+892,939
+141,883
+8,474,583

$
16,307,603
12,624,314
14,760,823
14,806,437
16,045,574
19,193.952

f
$
16,018,323
+349,281
18,262,588 —3,638,272
13,2)0,280 +1,530,543
—279,399
15,035,786
15,298,017
+749,657
16,173,117 +8,021,833

217,887,614
194,240,820
202,912,185
215,006,947
245,180,727
265,985,957

213,981,604
230,428,611
197.863,429
203,903,766
247,742,672
233,812,365

+3,925,910
-36,187,791
+6,048,756
+11,103,183
—2,561,945
+32*173,692

60,159,339
51,781,515
50,556,8 ¿2
60,818,133
64,922,681
78,224,624

63,829,025
61,919,941
53,087,790
66,616.606
62,463,093
63,387,243

—3,167,63«
-10.138,42«
+3,469,062
+4,171,536
+2,460,588
+12,857 381

Perhaps the most conclusive evidence of the char­
acter of the returns of earnings is furnished when
we bring together the gains and losses in excess of
$30,000, and find that there is no loss for that amount
either in gross or net. Contrariwise, the gains are
not only very numerous, but they run up to very large
amounts. Thus, in the gross the Southern Pacific ha
$889,358 increase, the Pennsylvania $820,800, the
Burlington & Quincy $579,541, the Northern Pacific
$575,190, the Reading (with1the Coal & Iron Co.),
$536,913, the Illinois Central $504,968, &c.; and in
the net the Northern Pacific has $426,225 increase,
the Southern Pacific $388, 504, the Atchison $318,860, the Baltimore & Ohio $279,848.
PRINCIPAL CHANGES ÎN

In crea ses.
Southern Pacific.........
Pennsylvania.
Chic. Burl. & Quincy.
Northern Pacific.........
Pliil. & B.and Coai&I.
Illinois Central............
Atoll. Top. & S. F e ....
Balt. & Ohio.................
Chic. Mil. & St. Paul..
Canadian P a c ific ......
Ore«. RR. & Navig’n ..
Wabash..........................
Louisv. & Nashv.........
Erie........................
Pacific Coast Co..........
Norfolk & Western..,.
Union Pacific................
Southern R ailw ay ....
Balt. & Ohio Southw..
Ciev. Cin. Chic.&St.L.
Denver & Rio Grande.
Grand Trunk................

$889,358
820,800
579,541
575,190
536,913
501,988
428,608
386,26»
331,778
340,603
265,118
231,787
204,558
185,977
175,050
150,371
134 479
123,193
100,218
95,786
94,842
86,582

PRINCIPAL CHANGES N N1
In crea ses.
Northern Pacific.........
$426,225
Southern Paoifle.........
388,504
Atch. Top. dt 8. F e ....
318,860
Balt. & Ohio..................
279,848
Union Pacific...............
211,769
Illinois C entral..........
169.925
Oreg. RR. & Navig’n .
116,944
Chic. Burl. <fe Quincy .
109,710
89,974
Canadian Pacific........
78,9.»6
Grand Trunk................
Pennsylvania..............
69,900
Minn. St. P. & S. S. M .
61,240

EARNINGS IN A P R I L .
In creases.

Oregon Short L in e ....
Rio Grande Western..
Buff. Rooh. & P itts....
Phil. Wilm. & B a lt ....
Chio. & Grand Trank.
Burl. Ced. Rap. & No.
St. Louis & San Fran.
Minn. St. P. & 8 . S .M .
Mobile & Ohio. .........
Kan O. Ft. 8. & M em .
Leh.V.RR.andL. V .C ’l
Choc. Okla. & G u lf....
Peoria <fc Eastern.......
Nashv. Chatt. & St. L .
Chio. Ind. & Louisv...
West. N. Y . & P enn...
Chio. Great Western..
Iowa Central...............

$75,901
74,778
66,172
64,100
61,110
56,888
55,618
49,078
45,813
44,221
42,778
41,117
37,749
35,636
82,231
30,991
30,274
30,195

Total (representing
51 roads)................ $8,166,638
T EARNINGS IN A P R I L .
In creases.

Louisv. <fe N*shv.........
Southern R ailw ay....
Paciflo Coast Co..........
Rio Grande Western..
Norfolk & W estern....
Clev. Cin.Chic. & St.L.
Oregon Short L in e ....
Peoria & Eastern.......
Chio. & Grand Trunk .

$54,924
52,052
46,933
42,309
40,115
38,028
35,410
33,472
31,263

Total (representing
30 roads)........
$2,696,361

When the roads are grouped according to their ocation or the nature of their traffic, the result is the
same. Outside of the Mexican group all the groups
record enlarged gross receipts, and all but one group
enlarged net earnings. The exception in the case of
the net is the anthracite coal group, where the out­
come has been rather indifferent. The grôups which
make a particularly flattering showing are the Northw stern, the Southwestern and the Pacific. In the
last two instances the ratio of gain in the net reaches,
respectively, 35*39 per cent and 46*15 per cent.
SUMMARY BY GROUPS.

SUCTION OK
G roup .

Net Earnings.

Gross Earnings.
1898.

1897.

April.
$
$
Trunk lines..(14 18.918.689 16,919,700
0,152,216
6,710.812
4nthra. co a l.(7>
East. & Mid.(13) 2,708 505 2.509,7J0
4,338,986 3,733,'8P
Mid. W est’n.(20)
7,276,600 6,120,745
Northwest’n(lO)
3outhwest’n il7) 5,8.2,533 5,005,809
Pacific Coast (15) 11,638,337 9,100.947
Southern....(40) 8.331,723 7,632.059
1,690,278 1,740,020
M ex ica n ...... (3)
Tot.. (139 r’ds) 07.479.553 59,004.971

1898.
$
5,258,886
1,132,009
677,614
1,200,593
2,240.303
1,642,221
4,309,670
2,08 7,343
639,313

1897.

Inc. or Dec.

$
+593,279
4,665,607
—117
1,132,126
+11,893
605,721
1,009,254
+197,330
1,950,419
+283 884
1,212,921
+429,300
2,948,798 +1,330,8 !2
+195,231
1,892.112
689,159
—49,846

P.O.
12*72

0 01
1-79
19-55
14-51
35-39
43-15
10-38

7 23

10.193.952 10,172,117 +3.021,835 18-68

1168
Sec tio n ok
Gr o u p .
Jan. 1 to Apr. 30.
Trank lin es.(14)
Anthra. coa l. (7)
Hast. & Mid. (13;
Mid. W est’rulO
North west’n (10
Sonthwest’n(17)
Pacific Coast(lS)
Southern.... (39,
M exican .....(3 )

THE CHRONICLE.
Gross Earnings.
1897.

72,937,914
28,081,041
9,932,010
17,473,072
29,129,65:
23,008.127
43,883.038
84,828.202
6,677,094

1896.

66,064,529
26,507.3 f.
9,347,946
14,913,224
24,86 (.131
19,507.664
84,099,925
31,874,15:6.632,760

Net Earnings.
1897.

(

1896.

19,942,672 17,591,576
5,317,093 4,369,486
2,251.789 2,20J,67(
5,334,148 4,567,844
10,334,960 9,301,937
6,590,372 5,070,986
15,855,822 10,196,096
10,269,868 9,442 306
2,328,000 2.625,323

Inc. or Dec

+2.350.99P
+947,605
+50,116
+766,304
+1,032,993
+1,519,407
+5,659,724
+827,559
—297,328

13-36
21 69
228
16-78
1111
29-96
55 51
8-76
1V33

[V ol. L XV I,

Trust Company of New York and Vermilye & Co. of N ew
York, reading as follows:
“ Referring to your circular letter, in which you ask for subscrip­
tions to $208,000,000 United States 3 per cent coin bonds, redeemable
arter ten years and payable after twenty years, we desire to advise
you that we stand prepared to subscribe and pay for at nar and?
accrued interest any portion of the bonds offered that may not bA
subscribed for by the public.”
*

The second proposition came from J. P. Morgan & Co.
and was in the following words:

A bU1 *2 proyw® ways and means to meet war expendi­
tures has been passed by Congress; and
*
Whereas. It is the opinion of the undersigned that, although the
amount offered will be largely over subscribed, it is essential that the
Secretary should be assured of the absolute, unqualified success o f
Tot..(137 r’ds'i 265.985 957 233 812.355 ' 78.224 624 65.367,243
4-12,857 381 19-67 Wigissue
an advance subscription of the entire amount: and
Whereas, In the opinion of the undersigned, for the purpose o f
carrying out these ends, a syndicate should be formed, who «ha.ii
in advance to subscribe at par for the whole amount of such»
TH E N E W GOVERNMENT LOAN.
î®*®?’ two huii dred million ($200.000,000), or such part thereof as may
nor he subscribed for by the general public.
*
The following is a copy of the Treasury circular inviting
Now, therefore. We, the undersigned, agree to accept firm partici­
pation
in
any
such
syndicate
to
the
extent
of
the
amounts
set
against
subscriptions for $200,030,000 of the new Government bonds our names.
6
DU
authorized by the Revenue and Loan Bill:
As you will notice by this preamble, the subscribers express the
opinion that the loan will be subscribed for independently of this
1898.
T reasu ry Departm ent,
action on their part, and besides they have no wish to interfere in anv
D e p a r t m e n t Ci r c u l a r N o . 101.
Of f ic e o f t h e S e c r e t a r i
waywith the popular character of the loan, as desired by Congress
Division of Loans and Currency. W a s h in g t o n , D. C., June 13,1 8 98 . j
and the Administration : their only desire is ibat, without any delav
Secretary of the Treasury invites subscriptions from the people whatever, the Government Bhould he assured of the full amount asked
of the United States for $¿00,000,000 of the bonds of the 3 per cent
loan authorized by the act of Congress to provide ways and means to
Subscribers to the syndibate are as follows: J. P. Morgan & Co of
meet war expenditures. Subscriptions will be received at par for a n n F y ork. $20,000,000; Harvey Fisk & Sons, of New York, $20 000 period of thirty-two days, the suuscription being open from this date 000; First National Bank of New York. $20,000,000; Mutual Life In
^ p o ’dockp. m . onthe 14th day of July, 1898. The bonds w illb e is
surance Co. of New York, $20,000,000; United States Trust Company
sued in both coupon and registered form, the coupon bonds in denom­ OOfwmn £ ° rk’ flO^OO’OOn; Kidder Peabody & Co., of Boston, $lofinations of $20, $100, $500 and $1,000, and the registered bonds in 000,000 Drexel & Co., of Philadelphia. $10,000,000; August Belmont
denominations of $20, $100, $500, $1,000. $5,000 and $10,000. They
York> «10,000,000; Kuhn Loeb & Co., of New York
?^hl he dated August 1 ,1 8 9 8 , and by their terms will be redeemable $10,000,000; National Park Bank, of New York, $10,000 000- Na­
In coin at the pleasure of the United States after ten years from the tional Bank of Commerce of New York, $10,0^0,000; American E xdate of their issue, and due and payable August 1 ,1918.
ctiangeNaiiomil Bank of New York, $10.000.000; First National Bank
tJiU bear interest at the rate of 3 per cent per annum, af 1C,K1cini 1,ai 1A ^ 10’000’000; the Philadelphia National Bank of Phila­
payable quaiterly; the interest on the coupon bonds will be paid by delphia, *10,000,000; tbe Pennsylvania Company for Insurances on.
insurances om
means of coupons, to be detached from the bonds as the interest be- Lives and Granting Annuities. $10,000.000.
On behalf of such syndii ate we therefore subscribe at par for the
^ue’ ai) +
mterest on the registered bonds will he paid by
s drawn to the order of the payees and mailed to their addresses. whole amount of such issue, say $200,000,000, or such part thereof as>
p
6 a8’
i+lv.ti 10^ 1Z1Dgi tbl?. 188ue.of bonds provides thatm allotting may not be subscribed by the gênerai public.
W® will furnish you in due course with the signatures of the vari­
. ^ ond8/it5S several subscriptions of individuals shall be first a<?
cepted, and the subscriptions of the lowest amounts shad he first ous subscribers for the amounts named respectively
allotted. In accordance with that provision allotments to all indiYours very truly,
J. P. MORGAN & CO.
J +i!^lbo !lSiCrj i e^8 WiU be*¡^adebefore any bonds will he allotted to
It is believed that still another syndicate, composed of th©
. uai8',, AH individual subscriptions for $500 or less
will he allotted in full as they are received, and such subscriptions leading life insurance companies and others, has offered to
must be paid in full at the time the subscription is made. If tlm total take the whole amount of the loan, while the bids of individ­
nVi?oon1:,B+bri ben / or
a™,0« 11! 8 of $500 or less should exceed $200,- ual banks and corporations (including the Illinois Central for
® ma<,°
tf> th6 Pri0rltr 01 th6
„Allotments on subscriptions for over $500 will not he made until
aftev the subscription closes, July 14th, and will then he made inversely according to the size of the subscription, the smallest sub­
scription being first allotted, then the next in size next, and so on,
pre.ieiren2e
given to individual subscriptions, Persons sub­
scribing for more than $500 must send in cash or certified checks to
^
amount of 2 per cent of the sum subscribed for, such deposit to
constitute a. partial payment, and to be forfeited to the United States
in the event of failure on the subscriber’s part to make full payment
lor Ms subscription, according to the terms of th© circular. Allotments to subscribers for more than $500 will be made as soon as pos­
sible after the subscription closes.
*
In order to avoid a too rapid absorption of funds into the Treasury,
■with a possible cor sequent evil effect on industry and commerce, anv
subscriber for more than $500 will be permitted to take his allotment
^?i?ind^ m /i1I18iali DentBoi 29 per cent, taking the first instalment
9 a? s aft,er tke,, nctice of the allotment and the balance at
im U»Siuai ? teJvals ? f forty days each, in four Instalments each of
*ke bond8 allotted. Delivery of bonds will be made
in instalments as payment for them Is received, and payment must
in all cases he made in full as the bonds are taken. The 2 per cent
deposit will apply on the final instalment. Any subscriber may pay
fo^ff16
am o^tallotted him within ten day s from the date of the
notice of his allotment. Interest will be adjusted f om the time of the
actual payment, whether paid in one sum or in instalments as permitted. Separate subscriptions from one individual, although made
from time to time, will be aggregated and considered as on© subscrip­
tion for this issue of bonds.
The Secretary of the Treasury will receive in pavment for the bonds
post-offlee money orders payable at Washington, D. C., and checks,
bank drafts and express money orders colleotiole In the cities of New
York, Boston, Philadelphia, Baltimore, Washington. Cincinnati. Chioago^ 8c._Lonis, New Orleans and San Francisco. All money orders
und bank di afts must be drawn in favor of the Treasurer of the United
States. The money orders and hank checks so received will be for­
warded for collection by the Department, aDd as soon as returns are
obtained the subscriber will be credited with the amount of his sub­
scription gs of the date of collection. The Secretary will also receive
In payment for the bonds certificates of deposit Issued by the Assistanf Treasurers of the United States in the above-named cities. These
certificates of deposit may he obtained from any Assistant Treasurer
in exchange for gold coin, gold certificates, standard silver dollars,
silver certificates, United States notes, Treasury notes of 1890 and
national hank notes, and the subscriber will be credited with the
amount of his subscription as of the date of the certificate of deposit
The Secretary will also receive currency sent by registered mail or bv
express direct to the Treasury Department.
y
For the mutual convenience of the subscribers and the Department
a blank form of letter to accompany remittances has been prepared’
and it may be obtained at the offices of National and State banks gen­
erally, at the several sub-treasuries of the United States, at anv
money-order pof-toffiee, and at any express office.
The bonds will be dated August l, 1898, and they will be forwarded
to subsonbers at tbe address designated by them free of expense for
transportation as soon after that date as possib:e. The bonds will be
accompanied by a cheek for the amount of interest due the subscriber
1898 ra^6 °* ^ P6r 0en^ ^rom
^ate of his payment to August 1,
.A ll remittances and other communications relative to this loan
should be addressed to the Secretary of the Treasury, Division of
Loans and Currency, Washington, D. C.
All subscriptions must be received at the Treasury Department
Washington, D. C., not later than 3 o’clock p. m ., Thursday J u ly 14 *
1898. No subscriptions received alter that date and hour will he con­
sidered.
L. J. GAGE,
. *
Secretary.

I The Treasury Department has already received two propo­
sitions, each covering the entire issue of $200,000,000. The
first of these propositions was contained in a joint letter
from the National City Bank of New York, the Central




$2,000,000) will aggregate $50,000,000 more.

p i t o i i v t a v a K g o m m e v c i i x r g n a X i s T t l l vttra
[From our own correspondent.]
L o n d o n , Saturday, June 4, 1898,
Business on the Stock Exchange continues as stagnant as
ever, and is likely to remain so as long as the war lasts, for,
rightly or wrongly, there is a deep-rooted feeling all over
Europe that France is so much interested in the future of
Spain that her public men think they cannot allow Spain tobe ruined, and therefore rumors are circulating day by day
that the French Cabinet is considering all sons of schemes.
That those schemes really are in the minds of the French
Ministers seems incredible. For instance, it can hardly be
believed that sane men, who are entrusted with the govern­
ment of a great country, would seriously consider a proposal'
either to pnrehase the Philippines or the Canaries or theBalearic Islands, or that they are about to adopt a policy ia
Morocco which would threaten the safety of Gibraltar. It is
surely clear that if France were to do any o f these things she
would give deep offense to the United States and to the
United Kingdom, and it is certain that if she attempted tointerfere in the Philippines or to take a position that would
threaten Gibraltar, she would at one© be involved in war.
Still the rumors do circulate, and they receive enough atten­
tion to make the public all over Europe anxious and to pre­
vent business from recovering.
The condition of Spain, too, grows more and more alarm­
ing. Rioting has ceased, and it does not appear that as yet
any serious attempt at revolution is being thought of, hut
there is such a ruu upon the Bank o f Spain for silver that the
Legislature has passed a hill prohibiting the export of the
metal. The measure, o f course, has had no effect. It is
hoarding, and not export, that the great majority of those
who are causing the run are thinking of, and unless there i&
a quick stop put to the run all the silver in the Bank will he
cleared out, and then the Bank will have to suspend specie
payments. As yet the Government hesitates to authorize the
Bank to issue small notes. A t present no notes o f smaller
denomination than 25 pesetas, nominally equal to a pound
sterling, are issued ; hut if silver disappears, it is clear that
paper must take its place.
It is reported, moreover, that the Government has decided
to authorize the Bank to issue as required a milliard of pese­
tas, or nominally forty millions sterling. Presumably the-

June

18, 1898.]

THE

CHRONICLE.

1169

The follow ing return shows the position of the Bank o f
Bank w ill have to take the bulk of the loan. In other words
th e country will be flooied with inconvertible notes, and no­ England, the Bank rate of discount, the price o f consols,
body can foresee how low the value of these notes may fall. &c., compared with the last three years:
1896.
ISPS.
1807.
1800.
The hope is that the extreme financial embarrassments of
June 6.
June 1.
JuneS .
June 3.
Spain may compel the Government to make peace.
£
a.
&
&
In Italy the Government has been reorganized, but Circulation........................ S7.777.045
27,579,800 80,859 500 26.0S6.8S6
8.660,939
Public deposits............................ 11,790,3 9 11,0 2 O'5 14.447,558
though open violf nee hss ceased, the population is sullen and Other deposits......................
42.405.514 8->,'00,328 49,8* t, h 0 85.782,730
18,911,171
15,257.690 13,921,202
securities... 13.3->0,fl42
a revolution is still possible. In Austria-Hungary the strug­ Government
•ther securities ......................... 82,619.685 28.443,344 2«.677,680 20.543,083
Reserve o f notes and coin .. .. . 26.046,273
25,346,»l l
88.27■',051 27.736,041
gle of the national tie» go 33 on, and it is difficult to see what Coin
& bullion, both departm’ts 87,023,818
86,026,231 47,835.551 37,021.87«
62 3-16
■*rop. reserve to liabilities, p.ct.
48
60 9-16
6956
the result will b 3. Apparently it must be either a suspension Bank
2
rate ...
........ p ercen t.
8*
2
2
10« x d
o f the Constitution or a kind of federation. The latter would Consols, 256 per cent................ 11156 x d 117% x d 113 8 -16 x d
S0%d.
silver........... ................................. 26 15-16d. 27 w-ltld.
31%d.
afford some sort of chance, though it must be admitted that Clearing-House returns........ 155,655,000 10tJ,v81,OuO 176,202,000 108,901,000
federation would be tried under great difficulties in a coun­
♦ June 2,1888.!
tr y which has not even a common language. In the Balkan
The rates for money have been as fo llo w s:
Peninsula there is reported to be great agitation, but so long
Interest allowed
Open Market Bates.
=as Russia is not prepared for a great war nothing very seri­
for d-visits by
London.
ous will happen there.
Trade Bills. Joint Die’ ETse
Bank Bills.
Stoch
7-14
Meanwhile business is paralyzed. Everybody is afraid to
3 Months. 4 Months. 6 Months. 3 Mos. 4 Mos. Banks Call Days
engage in new enterprise. Speculation is stopped and even
4
4
V4 2)4 *9i
m
3*
May 6 « 3 ll-iC @ %
investment is exceedingly small. The American market is
4
» 4
2)4 254 294
8 11-16
3«
“
13 t 311-IP@394
254
8^
3%®3%
8@3%
3H
2)4
S%@3%
■very active but it is active chiefly because of the purchases
"
20 4
3
214
<• 27 3%
2H
2)4
2%@294 2)4®29i 2
2)4
from New York. During the past week the demands for
1%
2«
2H
2«
3 iiu<ai3-tfl
1 « 1« 1 «
bonds and especially for good bonds for the United States
The Bank rate of discount and open market rates at the
has been larger than fo r a very long time past, but the holdchief
Continental cities have been as follows:
•ers of bonds are unwilling to sell. It is not that the public
nere have any doubt about the soundness of American in­
May 13.
May 27.
May 20.
June 3.
vestments, but that they are unwilling to invest in anything
Bates o f
Interest at
Bank
Open
Open
B a rk
Oven
Bank
Open Bank
o f any kind while the present uncertainty exists in Europe.
B ate. Market B ats Markst B a te. Markt> B a te. Market
The directors of the Bank of England on Thursday put
2
3
2
2
194
194
154
m
down their rate of discount from 3 ^ p9r cent, to which
4
4
4
4
894
394
814
354
B erlin..............
"they had reduced it on the preceding Thursday, to 3 per Hamburg .....
4
4
4
4
354
394
«94
»54
4
4
4
4
354
894
ÍM
cent. The change was generally expected, for the paralysis Krankfort. .. ..
3
8
3
2%
»94
2% • 3
o f business is so complete that practically there is scarcely Amsterdam.... 33
8
8
8
294
294
2H
Brussels..........
2)4
any demand for banking accommodation. Unable to em­ Vienna ........ .
4
4
4
2%
894
4
4
»34
St,
Petersburg.
6)4
6%
4M
494
6)4
6)4
6)4
ploy their money, bankers are ready to accept almost any
6)4
5
5
5
6
6
6
5
B
Madrid .......
terms, and consequently the Bank of England, which so Copenhagen
4
4
4
4
4
4
4
4
.
long had control of the outside market, finds itself com
The quotations for bullion are reported as follow s:
pelled to follow the stream. Two changes, however, have
occurred this week which may possibly have a considerable
Sil v e r .
June M a y
M ay
Gold.
■effect upon the market before long* One of these is the buy­ London Standard. June
2
26.
2.
26. ‘ L ond on Standard.
ing of gold for the Japanese Government. The crisis which
d.
d.
s. d. «. d.
in Japan followed the great inflation consequent upon the lar gold, fine....oz. 77 lOti 77 9 Bar silver, line... oz. 27ie 26®8
lar gold,parting.oz. 77 10% 77 91* Bar silver, oontain’g
Victory over China has caused a very great shipment of gold CJ.S. gold ooin...oz. 76 5*2 76 5
do 5 grs. gold.oz. 27Uie
do 4 grs. gold.oz. 277va Ä
lerm'n gold ooln.oz. 76 5 76 5
from Japan, and it looks as if the gold so laboriously col
do 3 grs. gold.oz. 27% 26%
76
5
76
5
French gold ooln.oz.
lected would all be lost. The Japanese Government, never­ fapanese yen....oz. 76 S^a 76 41* Cake sliver..........oz. 29% 2811]«
Mexican
dollars.oz. 26% 26
theless, was understood to have decided that it was useless
t o fight against the movement which was so natural. But
Messrs. Pixley & A bell write as follows under date of
apparently ministers have been compelled to change their June 2 :
Gold—There has been a better demand for gold during the week, and
minds, and at all events they have bought a considerable
the Bank has only received about £30,000 la bars, the rest being taken
amount of goM this week, which, it is understood, is to be for the Continent, and conspicuously for India. The arrivals In yen
have again been heavy, and these have all been bought for tbe East.
immediately shipped to Japan.
The total bought by the Bank is £379,000. while £ 10.000 has been
The other circumstance which may influence the market withdrawn. Arrivals: Cape Town, £ 5 6 4 ,00 0 ; Chili, £ 6 ,1 0 0 ; Japan,
Total, £1,014,000.
is the resumption by Russia of the purchases of gold. For £444,000.
Silver—Large orders for Spain combined with great soarcitv of
months past Russia had ceased buying; but during the psst “ spot” supplies at the end of the month caused the prioe rapidly to
ndvance, and the market, which stood at 26®sd. a week ago, has gradu­
tw o or three days she ha3 been buying eagerly. If both ally risen until the fixed rate to-day was 2 7 % !. The market closes
A rm at 27%tl. The forward rates, which were far under the cash
Russia and Japan continue purchasing on a considerable price, are now showing a tendency to approximate more ne -rly to the
scale, the Bank of England w ill have to take measures to pro­ “ spot” rate. The Indian prioe to-day is Rs. 68% per } 00 tolahs.
Arrivals: New York, £ 1 1 5 ,0 0 9 ; Chili, £32,000. Total, £ 14 7 ,OuJ.
tect its reserve, and other bankers, no doubt, will find it
Mexican Dollars -There has been a small business in these ooin at
.^necessary also to be more cautious as to how they lend and about their melting parity.
The follow ing shows the imports o f oereal produoe into
•discount.
In the meantime there are at last signs that the extreme the United Kingdom during thirty-nine weeks of the sea­
stringency in India is abating. On Thursday the Bank of Ben­ son compared with previous seasons :
gal reduced its rate of discount from 11 percent to 10 per cent
IMPORTS.
1897-8.
1896-7.
1895-6.
1894-5.
but the Bank of Bombay made no change. The action in Ben­
Imports ofwheat,owt.47,468,910 51,291,150 48,681,070 52.249,266
gal is probably hastened by the depressing effect of the break­ Barley............................. 16,622,494 17,1559,380 17,656,960 20,260,944
11,047.990 12.549,980
9.978,380 10,557,127
ing out of the plague on trade. It is reported that the native Oats.................................
Peas................................ 1,996,420
2,569,375
2,014,530
1,789,079
Beans.............................
2.044,510
2,169,100
2,596,232 3,327,452
bankers, who mainly finance the interior trade, have been
Indian oorn................... 38,604,400 46,383.740 33,676.170 18,997,514
flying from Calcutta in large numbers. Their disappearance Flour...:.........................16,024,520 16,089,020 15,555,750 14,735,600
has stopped trade in the interior, or at all events has greatly
Supplies available for consumption (exclusive o f stooks on
disarranged it, and that naturally has had its effect upon the September 1):
1897-8.
1896-7.
1895-6
1894-5.
money market. In any case the monsoon rains will be due
Wheat Imported, owt. 47,468,910 51,291.150 48,631,07 0 52,249,286
about the middle or the latter end of this month, and then Imports of flour...... 16,024,520 16,089,020 15,555,?r»0 14,735,600
the slack season always begins. Still the India Council so Sales of home-grown.21,732,582 20,612,000 12,512,934 17,174,000
far has sold its drafts wonderfully well. It offered for ten­
Total....................... 85,226,012 87,992,170 76,699,754 84,158,886
1897-8.
1896-7.
1895-6.
1894-5.
der on Wednesday 50 lacs and sold the whole amount at
Aver, prioewheat, wV)ek.47<s. 91.
28s. 2d.
25s. 4d.
23s. 5d.
prices ranging from Is. 3 31 32d. to Is. 4 l-32d. It was rather Average price, season..35s. 7d.
28s. lOd.
25s. Id.
20s. 2d.
a surprise, therefore, when it was announced that the CounThe following shows toe quantities o f whea';, flour and
.cil would reduce its drawings next Wednesday to 40 lacs. raize afloat to the United Kingdom :
Of course it has sold a large amount at very good prices since
Thin w eek .
Last w eek.
1897.
1896.
Wheat........... _.qra. 2,515,000
2.340.000 ) i ¿in ooo
2,241,000
the 1st of April, but it seems questionable policy to limit its Flour,
245,000 £i,*iu ,u u o
equal to qrs.
275,000
219.000
1.015.000 ^ 8 5 4 0 ,0 0 0
610.000
jales while there is so good a demand at so good a price.
s Maize. . . „ . . . —.qrs. 1,030,000




1170

THE CHRONICLE.

B a stiste (fin a n c ia l H I t r K e t « -P e r C a b le.

Receipts at—

Tbe daily closing quotations for securities, etc., at London
are reported by cable as follows for the week ending June 17:
London

Sat.

Mon.

Tties.

Wed.

Silver, per oun jq . .. d.
Consols., new, 2% p.ets.
For account................
Fr’ch rentes (In Paris) fr.
Atch. Top. <ft Santa Fe.
Do
do
pref.
Canadian Pacific...........
Chesapeake & Ohio.___
Ohio. Milw. <fe 8t. Paul.
Denv. & Rio Gr., prei..
Erie, common............ .
1st preferred_______
Illinois C entral...........

26%
111618
1117,6
10X-25
141g
35 *8
88ia
23%
105
53%
14%
38%
108%
194
5568
68
12%
119%
16%
54%
30%
72
59%
10%
24%
12%
93s
32%
25 78
63
20%

26%
111%
1115,,
03-27%
13Sa
34%
88%
23%
1035s
53%
1438
38
108
194
54%
68
12%
119%
16%
53%
30%
72%
59%
10%
24%
12%

26%
1115lß
111%
03-27%
13%
34%
88%
22%
103
53
14%
3734
IO734
193%
5334
68
11%
119%
16
53
30%
715s
59%
10%
24 3g
12%
8%
30%
25%
61%
19%

26%
1117,«
111%
103-30
133s
33%
87%
22%
102%
523(3
13%
37
10*%
1931$
53%
67%
11%
118%
16
53
29%
70%
59%
10
23%
12%
8%
30%
24%
61
19%

Louisville & Nashville
Mexican Central, 4s ..
Mo. Kan. & Tex., com.
N. Y. Cent’l <fe Hudson
N. Y. Ontario & West’n
Norfolk & West’n, pref.
Northern Pacific, com..
Preferred.....................
Pennsylvania................
Phlla. & Read., per sh.
Phil. & Read., 1st pref.
Phil. & Read., 2d pref.
Bouth’ n Railway, w in .
Preferred...................
Union Pacific___
Do
new pref..
Wabash, p re fe n & n

83^

30%
25%
63%
20%

Thurs.

Fri.

I m p o rts a n d E x p o r t s f o r t h e W e e k .— The follow iag are
the imports at New York for the week ending for dry oode
June 9 and for the week ending for general merchandise
June 10 also totals si ..*e the beginning of the first weeh
in January.
FOREIGN IMPORTS AT NEW TORE.

1898.

1897.

1896.

1895

Dry iroods___
Gen’l mer’dlse

81,308,359
5,072,615

T o ta l.........
Since Jan. 1.
Dry goodB___
Gen’l mer’dlse

86,380,973

10.906,907

$9.032,747

$9,330,925

$45,017,595
155,522,650

$67,922,416
185,230,057

$56,013,315
162,568,333

$67,212,610
165,069,487

$2.954.327
7,952,580

$1,381,120
7,651,62-

$1,803,973
7,526,952

Total 23 weeks $200,540,245 $253,152,473 $218,581,648 $232,282,097

The imports of dry goods for one week later will be founo

In our report of the dry goods trade.

The following is a statement of the exports (exclusive ol
ipecie) from the port of New York to foreign ports for th*
week ending June 13 and from January 1 to date:
1898.

1897.

1896.

1895.

$13.846,631
213,251,300

$10,087,601
172,005,841

$8 018,123
164,463,023

$7,149.575
146,970,001

Total 23 weeks $227,097.931 $182.093,645 $172.481,146 $154,119,576

The following table shows the exports and imports of
Specie at the port of New York for the week ending June l l
and since January 1, 1898, and for the corresponding periods
in 1897 and 1896.
EXPORTS AND IMPORTS OF SPECIE AT NEW FORK.

Exports.

Im ports.

Gold.
Week.
Great Britain..........
France......................
Germany.................
West Indies............
M exico.....................
South America.......
All other countries.
Total 1898.........
Total 1897.........
Total 1896.........
Silver.

Since J a n .l.
$200

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

4,471,645
96,942
10,292

$263,194
2,436,838

$4,579,079
18,585,054
39,025,356

Exports.
Week.

Since J a n .l.

Week.

S in ceJ a n .l.

$300 $33.015.754
12,746,764
19,793,289
12,379
2,509.337
40,978
550
256,965
3,183
527,688
$16,412 $68,890,775
66,472
1,718,869
82,212 18,368,014
Im ports.
Week.

Total w eek... ... 269.571 3.723.467 4,895.9 1 2,143,027
39.975
139.869
Week 1897........... ... 316,087 2,199,466 2,8i6.093 2.274,039
273,225
241,231
* Receipts da n o t include grain passing through New Orleans fo r fo re ig n
torts on through bills o i lading.

Total receipts at ports from Jan. 1 to June 11 compare as
follows for four years:
B eceiptsof—
F lo u r....................... bbls

1898.
8,652,837

W heat..................... bush. 49,960,079
Corn .........................
“ 107,333,175
Oats
...................... M 47,011,517
Barley........................ “
2,733,255
“
7,724,041
R y e ............................
T otal grain .. .

*‘

215.65l.087

Since Jan. 1.

Great Britain...........
France......................
Germany.................
West Indies..............
M exico.....................
South America.......
A ll other countries

$912,753 $18,082,412
449,000
410
234,547
14,159
176,652
3,622

$1,643
20
4

$11,587
23,732
880
227,912
482.66»
383,831
16,595

Total 1898.........
Total 1897.........
Total 1 8 9 6 .......

$912,753 $18.960,802
973.146 21,082,930
753.840 23,320.296

$1,667
22.836
143.263

$1,147,705
1,149,9 8
1.178.777

Of the above imports for the week in 1898 $8,433 were
American gold coin and $154 American silver coin.

1897.
7,091,653

1896.
5,603,107

1895.
7,032,10»

18,303,973
80,650,797
30,923,449
5,6.7,985
4,033,731

18,133,816
35,1P9,568
24,449,077
3,641.7«»
979,559

14,899.320
16,311,531
16,146.847
1,403,963
166,823

148,509,934

82,407,638

48,337,474

The exports from the several seaboard ports for *he week
ending June 11, 1898, are shown in the annexed statement:
Wheat, Oorn
Flour,
Oats,
Bye,
Peas,
Barley'
Exports fro m -b u sh .
bush.
bbls.
bush.
bush.
bush.
biXsh.
N ew V ork ...... 3,031,063 1.3(8,00-3
85,804 1,331,41t 192,589
11,211
31,57»
Boston............ 133,671 318,073
32,688 108,086 ............ .............................
Portland...................................................................................................................... ..........
Philadelphia.................
503,457
13.444 ...........
60,000 ................... .........
Baltimore...... 391,848 1,311,675
35,288
75.000
51,943 ...................
New Orleans..
122,099 823.709
*86
86,043
..................................
N orfolk..........................
318,407
......
.......
...........................
Newn’rt News
50,000 301.000
4,000 100.000
.....
...........
Montreal
. 2'0,203 809,2)8
2u,825 184,108
........
8,329 . . . . . . .
Port A rth u r.. 49,969
........
2,245
..............................................................
Total week..4.045,813 5,223,220
Same tim e’97.1,076,893 2,142.735

EXPORTS FROM NEW FORK FOR TBE WERE.

For the week..
Prev. reported

Flour.
Com.
Wheat.
Oats.
Barley.
VBbls.Vdß lbs Bush.60 lbs Bush.bOlbs Bush.32U>s BushASlbs Bu.56 lb .
240,236 4,300,148 1,900,133
Chicago........
£4,809
98,650
36,350
113,100
455,650
42,650
228,000
Milwaukee
66,400
9,000
113,495
268,556
62,350
O u lu th ........
81,240
4,998
7,870
412,340
82,080
76,590
925
Minneapolis81,369
166,40)
734
20,0(0
7,727
14,807
41,693
2.80C
12,004
2,389
21,645
249,535
158,886
C leveland...
902,530
67,165
it. L o u is . . ..
19,210
182,925
760
700
6,800
318.000
8,350
132,900
pe o ria ..........
10,00
1,200
115,000
141.000
98,00,
Kansas City.

2613 « 2611,8
111% 11116,8
1117,« 1113s
x 02-60 02-57%
133s
133s
33 78
34%
88%
88
23
24%
1,341.018 0,831,43* 2,809,813
210,808
Tot.wk.’98.
180,798
64.245
1033s 102%
1,502,306 4,987,350 4,119,238
251,626
572,075
Same wk.’97.
69,891
5 3%
53%
2,465.677 2,239,971
3,967,539
tame wk.’98.
222,27*
675, lfe
13%
13%
85,340
36%
37
'lince Auy. 1.
107% 107%
10,495,306 115,036.750 221,702.709 107,868,322 35,274,024 10,544,185
1897-98........
193%
10,191,808 151,903,700 145,158,877 157,768,670 87,383,28) 0,864,9:7
543s
'54%"' 1898-97..........
1805-90.........
9,596,403 187,941.599 107,988.3911133.391.307 37,893.288 3,772 310
67
67
11%
11%
The
receipts
o f flour and grain at the seaboard ports for the
118% 119
15%
15%
week ended June 11, 1898, follow :
53
53%
Flour,
Wheat,
Corn,
Oats.
Bariev.
Bye,
28%
30
bbls.
Receipts at—
bush.
bush.
bush.
bush.
bush.
70
70%
2,902.650
760,552
823,400
New F ork............
39,975
75,075
59%
59%
6,752
281.468
25,561
5.0,152
B oston......................
53»
10%
978
33,0 8
412,732
»&«,9i-2
200.410
M on treal............. ...
27.8)5
233s
175,847
....
26.152
665,867
12,718
23%
1,80»
Pntladelphia......
198,800 1,290,885
51,578
97,242
B altim ore........... .. .
12
54,649
12*6
680
5,346
7.864
60,508
8%
9
81,500
£20,814
4,148
107,712
'e w Orleans*__
30%
31
3' 1,010
4,000
50,000
100,000
Newport N ew s...
243s
24
318,407
60%
49.969
2,245
60 34
Port A rth u r........
2,000
4,C00
19%
" lom
19%
G alveston............

©o m w evcial au cl JljXts cz l lau e o u *3IJ c ius

F or week.

fVOL. LX VI,

183,578 1.824.618
137,3*6 1,0j 2,6 i 0

3( 4.531
305,807

19,510
203,605

81,575
98,275

The destination o f these exports for the week and since
September 1, 1897, is as below.
----------Flow .---------- , ,— -----Wheat.---------> ---------Com .— — —>
Exports fo r
Weeh Since Sent.
Week Since Sept,
Week
Since Sept,
week and since June 11.
1.1897. June 11. 1, 1897.
June 11.
1,1897
Sept. 1 to bbls.
bbls.
bush.
bush.
bush.
bush.
United Kingdom 138,731 8,108,137 2,001,137 56.3«1,306 2.484,104 70,419,751
Continent...........
14,188
1,2*0,853 1,922,059 46,9*0.113 2,098,481 85,152,e21
S. & C. Am erica.
17,074
801,485
............
868.897
142,101
West Indies.......
8,6*1
862,074
1.375
9,742 1.3B9.871
Br. N. Am. C "lo’S
2,310
210 060
2,700
1M 50
412 081
Other countries..
1,747
*68,713
123,395 1,896,662
IS,«43 1,262,619
Potai
Total 1036-7..

..

183,578
137,3*6

11.408,305 4,' 45,813 105,011,052 5,923 220 164 740.034
9 629,550 1,076,893 47,352,156 2.142.735 144.503,300

The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
s e a b o a r d p o r t s . J u n e 11, 1 89 8 , w a s a s f o l l o w s .
Wheat,
In store at—
bush.
New Y ork.................. . 3,619,000

Corn,
bush.
1,177,000

Oats
bush.
472,000

Buffalo....................... . 973,000
Do
afloat........
Chicago...................... . 1,007,000

1,067,000
8.353,000

M ilw aukee............... .. 120,000
Do
afloat........
Duluth....................... . 4,199,000
Do
afloat........
245,00v
Toledo
D o - afloat........
Detroit.......................
40,000
St. Louis...............
Do
afloat........
Cincinnati.................

44,000

115,000
T oron to.....................
*0,000
Montreal................... . 290,000
Philadelphia.............
11,000
Peoria .. ................
In d ianap olis............
7.000
Kansas C ity.............. . 270,000
B altim ore................ . 4)8,000
Minneapolis.............. . 7,829.000
On Mississippi R iv er........... ..
On Lakes................... . 395.000
On. canal and river. .
17,000
T otal June
Total June
Total lune
Total June
Total June

11,l8s-8 10031. 00
4 181*8,.22.5h7.JOt.
12 1897 22 «80 000
1-3.1896.411.480,000
15,1895 47,717,’ter

2 334,000

Bye.
bush.
70,000

Barley »
bush.
22,000

l,7ü(’,()ÖÖ

193,000

172,000

426,000

333,000

13,000

4,000

5,0CÓ

493,000

122,000

43,000

740.000

12,000

24,000

133.0ÓÓ

11,000

23,000

18,000
219,000

97,000

2,000

43,000

4,000

453,00(1
202,000
1,624.000
123,000
78,000
111,000
1 318,000
590.000
8« ,000
1.968.000
628,000
21.485.000
21,150.000
16,«21 000
9,408, 00
10.784 000

2,000
32,000

2.000
1,091,000
I80.OOO
158,000
25.000
13,000
306,000
110,000

33,000
247,000
84,000

19,000

613.0O0
023.000

20.000
43,000

«o,oôo
129,000

7,113,000

1,178.000
t .283.000
2 961,00«
1.500,000
117.000

497.000
583.)« 0
1,517,000
378,0C0
118.000

0,75«, 000
8,430,000
S.Hai.no«

12,000
2,0o0

B read stu ff s F igu res B rou g h t F rom Page 1204*—Tm
Statements below are prepared by us from the figures col­
lected by tbe New York Produce Exchange. The receipts at
Western late and river ports for the week ending June 11, and
New York City Clearing House Banks.—Statement of con­
since Aug, 1, for each o f the last three years, have been as dition for the week ending June 11, based on averages of
follows:
daily results. We omit two ciphers (0 0 ) in all cases.




B an ks.

Capital Surpl’s Loans. I Specie. Legats. \Deposit*,

Bank o f N ew Y ork .. $2,000,0 $1,901,1 $14 390,0 (2,630,0 $1,060,0 $14,390,0
1.446.0 19.774.0
Manhattan C o........... 2.050.0 2.159.3 13.493.0 7.868.0
1.284.2 17,196,3
2,000,0 1.065.4 13.899.8 3.684.5
M erchants’ ....... .
948.0
9.584.0
9.367.0 2.654.0
M echanics’ . . . . . . . . . . 2,000,0 2,018.9
5.325.6
1.400.2 24.808.2
A m e r ic a . . . . . . . . . . . . . 1.500.0 2.590.1 20.997.3
4.158.0
799.0
258.0
4.357.0
250.5
P h en lx........... . . . . . . . 1,000,0
2.458.3 90.656.7
1,000,0 3.957.4 61.577.4 31,862.3
C it y ...........................
262,3
555.8
2.917.9
2.879.3
122,1
750.0
Tradesm en’ s ............
2.324.0 37.865.5
300.0 6,951,8 24.083.0 8,518,9
C h em ical...................
374.2
5.539.1
4.689.6 1.254.8
189,9
600.0
M erchants’ E xch ’ ge
1.133.7
6.749.7
7.513.7 1.081.4
Gallatin...................... 1,000,0 1.678.6
105.0
1.230.9
305.8
1,040,9
128.1
300.0
B utchers’ * D rov’ rs’
283.0
2.135.0
250.0
1.950.0
181.6
400.0
M echanics’ * Trad’ s’
156.7
825,0
103.9
909,8
170.0
200.0
G reenw ich.................
285.9
3.921.8
3.657.0 1.132.6
495.0
600,0
Leather M anufao’rs
2.334.4
159.9
500.3
1.765.1
100.4
300.0
Seventh. ................
293.5
3.035.2
376.7
3.786.1
525.8
State o f N ew Y ork.. 1.200.0
3.280.0 20.971.0
25.794.0 3.077.0
2.457.0
0
Am erican Exchange 5.000.
3.108.4 21.637.2
26.307.4 2.543.1
3.713.7
5.000.
0
C om m erce__ . . . . —
168.8
6.243.4
1.608.0
6.455.7 1.701.8
1.000.
0
B roadw ay.................
1.151.8 10.517.7
9.426.7 1.878.9
1,000,0 1.023.2
M erca n tile..............
391.9
912.4
3.259.3
2.426.3
484.0
422,7
P a c ific ......................
411.7 19.362.6
842.7 16.043.9 5.407.5
1.500.0
R e p u b lic_____. . . . .
878.2
6.083.3
711.1
6.080.8
977.2
450.0
Chatham...................
569.1
2.541.9
300.7
253.9
1,610,8
200.0
People’ s -..................
877.3
11.798.6
2.243.0
9.905.8
558.9
700.0
N orth A m erica -----2.076.4 33,685,9
1,000,0 2.252.4 26.370.6 7.314.5
H a n o v e r............... .
518.7
3.579.0
469.5
3.411.0
366.8
500.0
I r v i n g .. ..................
2.717.1
149.7
594.1
2.336.5
383.7
600.0
Citizens’ ....... .
2,802,6
330.4
344.1
2.324.2
269.5
500.0
N a ssau ...................
446.6
5.973.0
1.622.9
5.360.0
1.025.4
900.0
M arket & P u lton ..
325.8
3.840.3
685.2
3.457.8
158.7
1,000,0
Shoe & Leather—
1.109.0 11.279.2
9.716.6 1.821.2
1,000,0 1.302.8
Corn E xch an ge___
5.674.2
285.7
1.241.5
4.871.3
679.4
1,000,0
Continental.........—
453.0
1.840.0
212.5
1.735.0
405.7
300.0
Oriental .............. .
1,236,
28.573.0
9.743.0
Im porters’ * Trad’re 1.500.0 5,648,7 23.686.0 16,772,0
51.272.0
2.569.0
36.214.0
3.266.4
P a r k ........................... 2,000,0
147.5
1.308.9
306.7
1.240.8
154.1
250.0
East R iv er — .......
3.629.3 23.670.0
F ou rth ................. ...... 3.200.0 2.085.2 22.195.0 2.813.7
997.0 13.351.0
9.328.0 3.694.0
500.9
Central ..................... 1,000,0
524.0
6.583.0
5.787.0 1.105.0
716.0
300.0
S econ d .......................
275.0
3,600 0
2.784.0 1.167.0
287.7
750.0
N in th .......... — ------738.6 28.851.2
500.0 7.516.1 27.264.5 8,282.2
F ir s t ...........................
112.8 1.231.5
225.2
1,334,5
62,7
300.0
N . Y. N at’ l E x ch ’ge
417.2
529.8
3.469.0
2.94 3,0
620,
250.0
B owery.......................
374.3
3.932.4
737,7
3.230.9
426.6
200.0
N ew York C ounty..
347.1
2.739.3
392.5
2.780.4
294.3
750.0
German A m erican ..
4.196.9
30.399.1
7.632.7
21,258,2
Chase.......................... 1,000,0 1.085.1
888.9
9.428.5
8.049.4 1.639.0
100.0 1,150,0
Fifth A venue............
3.165.2
718.9
168.5
2.216.7
581.9
200,0
German Exchan ffe..
465.4
4,228,8
559.4
3.274.8
737.5
200,0
G erm ania.............
7.357.2
181.2
5.854.5 2.526.8
715.1
300.0
L in c o ln ......................
6.374.6
441.7
1.454.5
5.055.1
838.6
200.0
Garfield — ..............
1.920.6
103.3
429.4
1.755.0
321.5
200,0
Fifth. .........................
768.5
6.455 3
4.445.8 1,925,3
•-45,5
300.0
Bank of the M etrop.
2.516.0
355.0
289.0
2.364.0
a
47,2
200.0
W est S id e.. . . . . . . . . .
1.172.0 10.034,0
7.943.0 1.756.0
354.1
500.0
Seaboard.................
162.0
1.533.0
295.0
1.734.0
350.7
200.0
S ix th ...........................
1.850.4
31.882.5
7.079.6
26.361.7
696.6
1,000,0
W estern ...................
1.378.1
6.030.0
695.3
5.287.0
973.2
300,0
First Nat. B’ k ly n ...
337.5 13.290.5
862.3 12.374.8 2.942.8
Nat. Union B a n k ... 1.200.0
218.5
3.533.3
726.6
3.265.4
317.9
500.0
L ib e r t y ......................
3.270.3
214.7
645.4
3.733.8
328.4
N. Y. Prod. E xch ’g e. 1,000,0
122.3
3.283.1
680.6
3.010.8
,
279,7
250.0
B k.of N . Amsterdam
....... 59,022,7 75,641.9 610,762,5; 1791823 55,711,5 724,210,8
T otal.

Reports o f Non-Member Banks.—The following u the
statement of condition of the non-member banks for the
week ending June 11, based on averages of the daily results
We omit two ciphers (0 0 ) in all cases
BANKS.
(00s om itted.)
N b w Y o r k Ci t y .

A stor P lace............
C olon ial....... .
C olu m bia................
E leventh W a r d ....
Fourteenth Street.
Franklin N ational.
G a n sev oort............
H am ilton.......
H id e * Leath. Nat.
Hom e.
H udson R iv e r.......
M ount M orris.......
M u tu al....................
N ineteenth W ard.
P la z a ......... ..............
R iverside.................
State.........................
T w elfth W a rd .......
Tw enty-third W ’d.
Union Square.........
Y ork ville ..............
A stor N at’l B an k..
B rooklyn.

B edford...............
B road w ay___ ...
B rooklyn ............
E ighth W a r d ...
F ifth A v e n u e ...
F n lt o n ................
K ings C ounty........
M anufact’rs’ N at’ l
M echanics..............
M ech’ s’ & Tradr’ s
N assan N ational..
N ational C ity....... .
N orth Side............
P eople’s...................
Queens Co. (L.I.O.)
Soherm erhorn.......
Seventeenth Ward
Sprague N ational..
T w en ty-sixth W ’d.
U n ion ...
.......
W allabout.............
O t h e r Cit ie s .

1st Nat., Jer. City.
H u d . Co. Nat. J. C.
2d N at., Jer. C ity..
3d N a t , Jer. C ity . .
1st N at., Hoboken.
2d N at., H ouoken.
Bank o f Staten I si.
1st Nat.,Staten I s l

Capi­
tal.

Sur­
plus.

250.0
100.0
300.0
100.0
100,0
200,0
200,0
200,0
500.0
100.0
200,0
250.0
200.0
100,0
100,0
100,0

369.5
54.8
186.6
117.4
50.9
9,3
28,1
75,7
150.1
84.9
188.2

100,0

200,0
100,0
200,0
100,0
300.0

88,6

102.7
24.6
107.2
96.7
78,1
149.1
46.0
287,6
126.1

2,1

150.0 115.3
100.0 108,9
300.0 160,2
100.0 30.1
53,3
100,0
200,0 171.5
61,6
150.0
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
58.2
100,0
68.8
100,0
200,0 214.2
52.1
100,0
45,8
100,0
28.2
100,0
400.0 742.5
250.0 516,9
250.0 380,3
200.0 179.6
110,0 402,2
85,6
125.0
43.3
25,0
100.0 67.4

Totals J une 1 1... q,012,0 8,472,0
Totals June 4... q,oi2,o 8.472.7
Totals May 28 .. q,oi2.o 8.412.7

Deposit, with
Net
Lea I.
Loam A
DeInvest­ Specie. & B’k Olear’g Other
Botes. Agent. Bks.Ac posits
ments.
2.251.1 261.7
14.9
689.1
1.852.0 141.0
1,167,6 60.5
29.6
734.0
470.0 115.0
26.4
680.7
59.4
1.209.8
2.104.2 319.1
91.5
477.2
20,0
1.188.0
1,328,7 75.9
22,0
937.4
33.0
574.5
34.4
962.5
12,2
743.2
71.0
1,261,0
31.8
1,096,4
23.0
684.8
1.831.1 110.8
1.060.2 115,6
1.083.0 231.3
1.019.6
1.248.3
1.298.4
273.2
518.7
901.2
670.1
2,017,3
2.304.9
806.5
4.110.0
2.204.0
819,4
721.3
1.665.9
487.4
4 00,6
1.018.6
361,0
277,3
488.8

26.0
25,2
80.9
13.1
25.5
55.1
38.7
227.3
81.5
52.4
312.0
166.0

11.1

38.8
152,5
29,0

8,0

108.3
6,7

8,6

13.5

$
$
155,0 2,655,2
1,014.4
1,894,0
1,601,1
910,7
500,0
542,2
97,7
1,220,0
1,671.2
567,6
11,5
1,221,0
139,2 1,657,1
810,1
1,8
836,6
6,9
1,261,0
762,4
77,0 1,472,0
131,5 1,473,1
838,4
68,3
2,265,1
1,191.2
1,246,8
—

$
57,2
62,5
108,0
71,1
97,1
14,0
59,1
85.9
96,7
50,6
101,0
111,0
91,6
120,9
78,0
41,3
24,0
116,1
88,6
229,2
79.6
206,1

$
196,4
328,6
178,0
419,8
142,6
120,0
19,7
51,5
134,7
6i',9
176,0
104,8
151,9
114,7
375,0
97,9
137,0
113,0
69,6
233,4
194,8
193,6

71,6
120,2
31,8
21,5
21,1
25,9
28,4
232,7
110,6
52,9
234,0
336,0
62,0
30,0
220,6
23,0
28,0
13,0
22,2
17,1
46.8

149,2
85,0 1,166,9
1,487,0
253,1
187,5
37,7 1,334,5
252,4
9,5
52,4
461,2
43,9
1,0,3
737,7
67,1
583,3
119,7
2,596.6
558,7
2,250,5
177,1
889,0
49,2
140,8
641,0
67,0 4,631,0
462,0 229,0 2,911,0
121,6 275.0 1.103,4
772,8
64,4
30,8
454,8 127,8 2,425,8
541,1
145,9
337,8
74,1
11,0 1,050.0
3UO.U
400,7
96,6
7.4
238.4
37,5
36,7
529,7
32,5
76,1

137,2 198,3 379,6 12838
84,0 391,7 213,8
129,4
50,9 192,2
64,7
53,4
70,8 115,1
30.0
30,9 139,9 223,2
123,1
98,6
76,1
30,2
43.0
78,6
7
20,6
19.1
....
26,7 116,3
19,3

5,409,7
2,186,6
1,251,5
800.3
1,578,4
766,3
447,1
512,4

4,281,4 08*9,4 335*,8 67364.0
4,7338 0,152,2 2 ,085,0 66.076 0
4,081,0 0373.0 1,100,6 66,208.0

New York City, Boston and P hiladelphia Banks.—Below
we furnish a summary of the weekly returns of the Clearing
House Banks of New York City, Boston and Philadelphia.




117/

THE CHRONICLE.

J une 18, 1898.]

The New York figures do not include results for the r o n member banks.
la v ita l A
Surplus.

~T

134.664.6
134.664.6
134.634.6
L34,664,6

Depo« it*.* OireTn Clearins*.

(inani.

Specie.

Lega».

$
581,525,0
589,727.4
601,618,3
610,762,5

$
1694028
1738620
1755021
1791823

$
51.559,4
53,84 4,2
54.102,5
55,711,5

$
680.987.8
696,006.4
709,419,6
724.210,8

68.587.3 171.641.0 14 7.35.0 , 6,424.0 176,886.0
6.164,0 181.844.0
68.587.3 172,547,0 11.834 0
6 312,0 185,403,0
68.587.3 174,550,0 15,173.0
124,540,0
127,071,0
126,686,0

39.997.0
41. .29.0
41,158.0

35.388.0 110,349,0
35.388.0 110,138,0
36.388.0 110,990,0

9
14,744,0
14,737.2
14,730.7
14,719,3

9
756.408,5
706.878.3
719.788,8
747.874,0

6.290.0 90.410.7
6 31:3.0 89.531,9
6,329,1.' 100,858,5
5 925.0
5,913.0
5 897,0

69.080,4
66.841,8
65,585,1

F o r e ig n T r a d e o f N e w Y o r k — M o n t h l y S t a t e m e n t .— l a

addition to the other tables given in this department, made
np from weekly returns, we give the following figures for
the full months, also issued by our New York Custom House.
The first statement covers the total imports and exports o f
merchandise and the Customs receipts for the eleven months
of the last two seasons.
M e r c h a n d i s e Mo v e m e n t a t N e w Y o r k . C u s t o m s r e c e i p t s
a t Ne w Y o r k .

Exports.

Imports.

1896-97.

I
In ly ....
August
September
O ctober..
November
December
January..
February.
M a rch ....
A p r il.....
May..........
Total..

33,460,976
26,541,439
28,434,443
31,024,412
34,112,686
34.421,230
84.633.613
36,015,776
41,239.260
37,175,314
33,405,506

83,254,119
32,294,914
32,649,399
83,189,440
32,4.58,174
38,365,417
34,415,116
33,974,044
46,8 78,860
59,939,218
48,951,476

31,142,806
31,345,828
37,437,376
84,492,610
82,340,749
39,535,651
36,918,858
31,057,349
40,359,081
88,238,131
45,3:8,153

299,574 8,259,048
202,728 8,450,768
7,621,220
3e 0,542
799,096
7,163,420
929,147 6,646,183
7,285,290
879,352
464,000 7,706,400
8,359,780
602,736
578,089 17,579,633
164,201 17,711,803
232,760 9,092,276

80,830,
28,030,
80,405,
35,486.
32,620,
.35,741,
33,467,
30,318,
34,532,
31,412.
34,959,

370,464,876 431,219.412 398,227.250 357,895,631 63.512.223 105,874.379

The imports and exports of gold and silver for the eleven
months have been as follows :
G o ld Mo vem en t
Mo n t h .

1890-97.

1897-18

1
$
359,947
230,91!July...........
1,834,354 3,560,086
August......
383,456 30,735,333
September.
8,989,606 23,133,791
October....
854,512 4,016,890
November.
159,887
296,047
December.
261,329
3,162.080
January...
286,162
939,92ii
February..
606,351
M arch........ 26,808,692
299,634
April........... 28,889,253
307,050
9,101,8:0
May.............
T t a l ...

at

N e w Yo r k .

Si l v e r - N

Exports.

Imports.

Exports.
1897-98.

Imports.

1897-98.

1896-97.

1897-98

»

«

»

4,551,13t
790,670
84,135
118,(82
228,951
152,306
2,603,183
922,091
492,809
7(8,356
20,871

8,998.876
50,580
47,806
99,839
293,201
184,095
302,281
323,181
507,587
0,567,603
9,453,197

1,064,900
1,205,4 7i
1,650,804
1,151,682
1,024,591
1,020,250
1,253,485
1,197,195
1,202,544
1,095,285
283,457

ew

Yo r k .

3,812,615
4,311,325
3,324,961
3,827,88»
3.799.386
4,447,883
3,685,688
2,947,374
2,959,332
3,777,27»
3.520.386

84.100,723 63.726,460 10,609.589 26.828.804 12,149,640 40.414.069

Auction Sales.— Among other securities the follow ing, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. Adrian H. Muller & Son :
60 Bowery Bank....................302
4 Title Guar. & Tr. Co — 289
34 Mechanics’ & Traders’
Bank.......................... ... l l S 1^
317 N. J. Steamboat Co......... 50
370 Kings Co. Elev. Ry. Oo.. $140
370 Lackawanna Store Ass’n
Limited .......................... 50
20 Colonial Trust Co.............195
3 N. Y. Produce Ex. Bank. 115 ^
7 Corn Exchange Bank....279
100 Consumers’ Brewing Co.
of Pkila’pkia, com.$5 per sh.
Bonds.
$50,000 Selma Rome & Dal­
ton RR. Co. 2d 7s, 1900 .$10
$7,000 Ne ' ark, Ohio, Water
W. Co. 1st Con. 6s, 1905.
April, 1893, Coupons on. $109

Bonds.
$10,000 Nevada Central RR.
1st Income 5s, 1938............ 4 5 18
$12,500 Kings Co. Elev. Ry.
Ino. 6s and $100 do. Scrip. $245
$1,500 Kings Co. Elev. Ry.
Loll. Trust Ino. 6s, Series
“ B” and $354 do. Scrip....$ 1 7
$2,000 Kewaunee Green Bay
& West. RR. 1st 5a, 1921 . 80
$9,000 Col. & Hock. C. & I.
Co. 1st 5 s............................... 74
$1,000 Atlantic Mutual Ins.
Co. Scrip of 1898.................. lOA3»
$124,000 Col. San. & Hock.
RR. Co. Gen’lMort. Bonds.
July, 1897, Coupons on— . 7%
$6,575 Col. San.& Hock. RR.
Co.Inc. Mort. Bond, Soiip.$65 75

By Messrs. R. Y . Harnett & Co:
Bonds.
$500,000 Poughkeepsie & Eastern Ry. Co. 1st 5s, 1934, M A N .... 20

g a u M u g au cl jfiu a u cia L
Spencer T rask & C o .,
BANKERS,

a t & » 9 P IN E S T R E E T ,
65 State Street, A lbany.

IN V E S T M E N T

o

f

f

a

YORK.

S E C U R IT IE S .

Gbo ro b Bar clay M o ffat.
M

NEW

A l e x a n d e r M. W h i t b , J b
t

&

W

h

i t

e

,

BANKERS,
N or.l N A S S A U S T R E E T ,

IN V E S T M E N T

-

NEW YO R K .

S E C U R IT IE S .

1172

THE CHE0N1CLE

[V ol. LX V i .

Foreign Exchange.—The market for foreign exchange
was weak under the present and prospective abundant supply
of bills. Rates declined, but the market is somewhat firmer
at the close on a better demand.
D IV ID E N D S .
To-day’s actual rates of exchange were as fo llo w s: Bank­
ers’ sixty days’ sterling, 4 84@4 84^ ; demand, 4 85}£@4 85%;
P
er
When
B
ooks
closed.
MCEMi N am e o f Com pany.
cables, 4 85%@4J86 ; prime commercial, sixty days, 4 83%
Cent. Payable. (B a y s inclusive.)
@4 83%; documentary commercial, sixty days, 4 82%@4 83;
R a il r o a d « (S t e a m .)
for payment, 4 82%@4 83; cotton for payment, 4 82%@
Chicago & Western Ind. (quar.).
1*3 July 1 ----------- t o ------------- grain
C C. C. & St. L. pref (quar.).......
July 20 July 1 to July 5 4 83 ; cotton for acceptance, 4 83%@4 83%.
1%
Denver & Rio Grande pref..........
Posted rates of leading bankers follow :
July 15 July 12 to July 17
1%

R a u fe r n '

(S a e tte ,

Fitchburg. ^............................... .
2
Manhattan (quar.) ................... .
1
N. Y . N. H. & Hartford (quar.)..
2
Northern Central............................
3
Northern RR of N. H (quar.)’ !!
1*3
Petersburg, con. and pref..........
3%
Richmond & Petersburg. ...........
3%
V*
S treet R a i l w a y s .
Baltimore City Pass. R y...........
5
West End Street, Boston pref.. .!
4
R an k s.
Fifth Avenue (quar.).....................
“
“
(extra).............. .
Twenty-sixth Ward, Brooklyn.
T r u s t C o m p a n ie s .
Continental (quar.). .....................
1%
Franklin, Brooklyn (quar.) . . . . . !
2
Guaranty.........................................
6
Knickerbocker..............................;.
3%
Real Estate....................... . . . ! ! ! ! ! !
3^3
m is c e lla n e o u s .
Amer. Bell Telephone (quar.) ...
3
“
“
(extra)....
1%
American Malting pref. (quar.)..
1%
Consolidat’d Car Heating (quar.)
1%
Edison Elec. 111., B’klyn (quar.).I 1%
Journeay & Burnham pf (quar.)
2
Merganthaler Linotype (quar.)..I 2%)
_
“
“
(extra)..
2% S
Minnesota Tron (quar.).................
1%
P. Lorillard pref ( (uar.)....... ! ! . ! | 2
United States Oil (quar.)............ !
1%
Union Ferry (quar.)......................
1
Western Gas...................................
3
West Side Construction................ $7

July 15 July 1 to July 15
July
1 June 18 to July 1
June 30 June 12 to June 30
July 1 5 ----------- t o ------------July
1 ----------t o -------------July
1 June 21 to July 1
July
1 June 21 to July 1
July
July

1 June 18 to July 1
1 June 23 to June 30
5 June 2« to July 4

July
July

1 June 21 to July 1
1 June 21 to June 30

Surplus reserve

July
July
June
July
July
July
July
July
June

1898.
June 11.

D ifferen’sfr’ m
Prev. week.

$

$

15
1 June 24
30 June 19
15 July 1
1 June28

1
1 June 21

to June 30
to June 30
to July 15
to June 30
to July

1

20

27 IJune 21 to June 26

1897.
Ju ne 12.

$

1896.
June 13.

$

In c.9, Í 44,200
Deo.
11,400
In c.14791200
Inc.3,^80,200
In c.1.609,000
Tno. 5,289,200
In c.3,697 ,800

60,022,700
74,861,000
513,728,700
14,251,500
585,110,500
89.267,800
104,611,300
193.879,100
146,277,625

60.622.700
74.075.700
474,278 300
14.510.900
496.829.400
62.394.900
82,489,500
144.884.400
124,207,350

53,841,100llno. 1,591,400

47,601,475

20,677,050

The Clearing-House, on Oct. 30, 1897, also began issuing
weekly returns showing the condition o f the non-member
banks which clear through the Clearing-House institutions.
The statement in full for the latest week will be found on
A preceding page.




Prime bankers’ sterling bills on London.
Prime commercial.........................................
Documentary commercial..........................
Paris bankers’ (francs)..............................
Amsterdam (guilders) bankers.................
Frankfort or Bremen (reichutarks) b’kers

4
4
4
5

Demand.

84% ® 4 85 4 86 ® 4 86%
83% ®4 83%
82% ®4 83
213, e® 5 21% 5 20® 5 195,g
4 0% ®405.,,
401(ft®4018
94U 16® 94%
95%®955,g

United States Bonds.—Sales of Government bonds at the
Board include $10,000 4s, coup., 1925, at 124%; $5,000 4s, reg.,
July 15 July 1 to July 15 1925, at 124%; $1,000 4s, coup., 1907, at 110; $11,000 4s, reg.,
July 15 July 3 to July 15 1907, at 108% to 109%, and $9,000 5s, coup., at 111% to 111%.
Aug.
1
The following are the closing quotations :

W A L L S T R E E T , F R I D A Y , JUNE 1 7 , 1 S 9 S .-5 «*. M .

59,022,700
7 5,6 4 '.9 00
610,762,500
14,719,300
724.210.800
179,18 ¿,300
55,711,500
234.893.800
181,052,700

Sixty days.

The following were the rates of domestic exchange on
New York at the under-mentioned cities to-day: Savannah,
buying 1-16 discount, selling 1-16 premium; Charleston buy­
ing par, selling % prem ium ; New Orleans, bank, $1 00
July 11 July 2 to Ju’y 11
July
1 June 25 to June 30 premium; commercial, 25c. per $1,000 premium; Chicago,
July
1 June 21 to July 1 10c. per $1,000 discount; St. Louis, 30c. per $1,000 discount.
July
July

The Money Market and Financial S itu a tion .-S tock Ex
change values were considerably disturbed at the opening of
thew eek by a collapse of the great bull movement in wheat
which has'been managed at Chicago, This movement was
o f such magnitude that its sndden and unexpected ending
was widely felt and recovery from the effect produced in
W all Street seems not to be wholly complete.
It is becoming more and more apparent as the weeks go by
that the war with Spun will not be brought to an end so
speedily as was generally expected immediately after Admiral
Dewey’s splendid victory at Manila. To what extent this
fact has influenced business in Wall Street np to the present
writing it would be difficult to determine, but there un­
doubtedly is good ground for the theory that future opera­
tions will be governed by it more than those of the past have
■been.
Reports o f the international trade balance for the month
o f May are very gratifying. The large amount in favor of
this country may be increased by future grain shipments,
which are likely to be stimulated by the recent decline in
wheat. Tae foreign exchange market has almost ceased to
be considered a factor in the local financial situation. It has
continued dull and rates declined during the early part of
the week, with some recovery and a little better demand at
the close, presumably for July 1st interest and dividend pay­
ments. The money market has become somewhat firmer,
owing to a better demand for time loans and to preparations
tor absorbing the new Government bonds.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from i\i to 1% per cent. To-day’s rates on call were 13^ to VA
per cent. Prime commercial paper is quoted at 3 to 4 per cent.
The Bank of England weekly statement on Thursday
Showed an increase in bullion of £161,417, and the percentage
Of reserve to liabilities was 48-91, against 49-18 last week; the
discount rate remains unchanged at 3 per cent. The Bank
of France shows an increase of 1,875,000 francs in gold and
900,000 francs in silver.
The New York City Clearing-House banks in their state­
ment of June 11 showed an increase in the reserve held of $5,239,200 and a surplus over the required reserve o f $53,841,100
Against $52,249,700 the previous week.

Capital..................
Surplus................
Loans & diso’uts.
Circulation..........
Net deposits........
Specie_________ _
Legal tenders....
Reserve held...
Legal reserve..

June 17.

Interest June
Periods. 11.
2s....................
Q. -Mch.
4s, 1 9 0 7 .........
Q .-J a n .
4s, 1907......... .coup. Q .-Jan .
4s, 1 9 2 5 ......... -r e g . Q .-F eb .
4s, 1925......... .coup. Q .-F eb .
5s, 1 9 0 4 ......... ..reg. Q .-F eb .
5s, 1904......... .coup. Q .-F eb .
6s, our’cy,’99. . -reg. J. & J.
«s, (Cher.) 1899.reg. March.
* This is the i>rioe bid at the

June
13

June
14,

June
15.

June
16

June
17.

* 95 * 95 * 95 * 96 * 95 * 95
*108
109H *108 *108% *109% 109%
*109% 110 *109% *110 *111 *111
*121% *121% *12278 *124 *124% 124%
*121% •121% *122% 124% *124% *124%
*110% *110% *110% *111 *111% *111%
*110% *110% *110% 111% 111% *111%
*100% *101 *101 *101 *101 *101
*100% *100% *100% *100% *100% *100%
morning board; no sale was marts!

State & Railroad Bonds.—Sales o f State bonds at the Board
include $31,000 Tennessee settlement 3s at 91 to 91%; $200 do.
(small bonds) at 88, $25,000 District of Columbia 3-65s at 115,
and $6 500 Virginia fund. debt2-3s of 1991 at 71 to 71%.
Transactions in railway bonds have been generally on a
limited scale this week, the daily average being only about
$2,000,000 par value, against $3,5"0 000 last week and over
$4,000,000 the previous week The market was depressed in
bjmpathy with the grain and stock markets, but actual de­
clines are in most cases only fractional. The prospect for
future railway earnings has rarely been more flattering than
now, and a sympathetic decline under such conditions would
naturally be limited in extent and quickly overcome. There
was a better tone and some recovery in prices to-day. The
active list includes Atchison, Chesapeake & Ohio, Missouri
Kansas & Texas, Northern Pacific, Oregon Improvement,
Oregon Short Line, Reading, Southern Railway, Texas &
Pacific, Union Pacific, U. P. Denver & Gulf and Wisconsin
Central bonds.
Stock and Bond Sales.—The following shows the volume
of business in stocks and bonds on the New York Stock
Exchange for the past week and since January 1.
Sales
.— Week ending June 17— >
N. Y. Stock Exeh.
1898.
1897.
Government bonds
State bonds...........
R B. & m ise.bonds.

$«4,000
37,700
12,123,000

$161,500
7,000
10,637,000

— Jan. 1 to June 17—— %
189 8 .
$3,935,500
804,100
864,491,410

189 7 .
$6,873,750
833,500
187,710,590

T otal................. $12,224,700 $10,805,500
$369,251,010
$195,417,840
Stocks—No. shares
2,321,157
1,364,108
50,090,862
21,945 313
Par v a lu e ....$220,441,700 $131,149,250 $4,839,201,875 $2,100,974,100
Bank shares,par val.
$4,100
$200
$97,073
$151,110

W e add the following record of the transactions for each,
day o f the week.
Week ending .---------- Stocks-----------, R ailroad, Ac. State
June 17,1898. Shares.
P a r value.
Bonds.
Bonds
Saturday.,............
M onday.................
Tuesday.................
W ednesday...........
Thursday...............
Friday....................

279.598
546,089
414,428
881,111
390,451
809,585

$27,953,800
53,037,700
40,278,050
87,244,300
85,837,600
28,790,750

T otal............... 2,821,157 $220,441,700

$1,900,500
2,294,000
1,812,500
1,840,500
2,190,500
2,085,000
$12,123,000

$500
5,000
20,000
6,000
200
6,000
$37,700

TJ. 8.

Bonds.

" $¿!¿0ó
40.000
4,000
15.000
$64,000

R ailroad and M iscellaneous Stocks.—Prices declined
rapidly in the stock market on Monday in sympathy with a
sharp break in the market for wheat. The movement was
accelerated by the dislodgment of weakly-margined stocks
and the lowest prices recorded for the active list were an
average of about 3 points below our last quotations. There
was no news of an unfavorable character affecting railway
issues, the depression being chiefly due to efforts of the bear
element. The market continued weak and irregular, with
the volume of business steadily decreasing until Thursday,
when there was a change in tone. To day’s market was dull,
with fractional gains and losses about equally divided.
Stocks which had recently enjoyed an unusual advance
suffered the sharpest decline, and are now recovering most
rapidly. American Sugar, which sold on June 6th at 145%
dropped to 130% (ex dividend), Consolidated Gas lost nearly
8% points and People’s Gas 5 points. New York Air Brake
was erratic, covering a range of 10 points, and closes with
a net gain of 6 points.

THE C H R O N IC L E .—STOCK PRICES (2 pages) PAGE 1.

J une 18, 1898.]

1173

New York Stook Exchange—A Daily, Weekly and Yearly Record.
STOCKS—HIGHEST A N D LOWEST E I L E PRIOES.
S aturday,
June 11.

M onday,
June 13.

Tuesday,
June 14.

'Wednesday Thursday,
June 15. June 16.

STOCKS.

F rid a y,
June 17.

N. Y . S T O C K E X C H .

Range f o r previ­
Sales Range f o r yea r 1898.
o f the On basis o f loo-sh're lots ous yea r(1 S 9 T ).
Week.
Lowest. Highest.
Lowest.
H ighest
Shares

R a ilr o a d S to c k s.

$183 Jan 4 186 Feb 8 170 Feb 1 7 7 * A p r
A lbany & Susquehanna..
9 Jan. 15*A ug
11 A pr 21 15 Feb 8
A n n A rbor............ ...........
100 34 Jan 4 4 0 * F e b 7 22%Apr 40 Au|
Do
pref.
9%Apr 17 Sep.
A tch. Topeka & Santa Fe. 10,156 1 0 * A p r 21 14%J’ne 6
Do
pref. 88,706 22%Mar 12 34%.1’ne 11 17 A pr 3 5 * S e p
9 J ’ly 21% Sep
altimore & Ohio............ 26,029 12%Jan 25 21% J’ne 17
9% S ep
2 J ’ne
5*.) an 19
1,874
7% Feb 3
alt. & O. Southw., pref.
§105 Mar 9 §105 Mar 9 102 Mar 106 O ct
Bost. & N. Y. Air L.. pref.
18%.Tan. 37%DeC
Brooklyn Rapid T ransit... 163,245 35 Mar 12 5 3 * J’ne 11
25 Mar 12 3 0 * . Jan 6 1 6 * May 31 Dec*
Buffalo Rooh. & Pittsburg.
62 May 6 6 7 * Jan 3 5 4 * J ’ly 6 6 * D e o
Do
pref.
65 Mar 10 7 4 * May 24 68 Apr 70 Aug
Burl. Cedar Rapids & N o ..
72 Apr 21 90*.Jan 20 4 6*M ar 82 Dee
anadian P a c ific ....
* 8 1 * 88
* 8 4 * * 8 5 * * 8 5 " "86
*85*
*85* :
* 8 5 * "8 7 '
2,880 4 4 * Mar 12 57%Feb 5 44%Jan. 62% S ep
anada Southern............
51% 51%
51* 51*
51
51*
51
51
52
52*
52
52^
62 Jan 4 70 Jan 85 5 0*O ct. 63 Deo
Capital Traction.................
8,085 8 6*M ar 26 9 8 * J a n 7 68*M ay 103*Jan.
2 * ' 9 4 * Central o f New J e rs e y ....
* " 9 4 " ’ 94% " 9 4 " "94% '9
"o'e” "96 ' Ï96** "96
7% Apr IS S ep
300 11 Apr 23 1 4 * May 28
Central
Pacific....................
*
1
3
*
1
4
*
*
1
3
*
1
4
*
*
1
3
*
1
4
*
*
1
3
*
1
4
*
1
3
*
1
3
*
18* 13*
2 3 * 2 3 * Chesapeake & Ohio............ 31,861 17*M ar 26 24%Feb 1 15%Mar 27% Au*
22* 23*
22% 2 2 *
22
22*
22* 22*
22* 23*
112 §150 Mar 14 §166%Jan 14 147 J ’ly 170 Mar
Chicago & A lto n .................
*158 . . . .
■157 ..,
■158
160 160 *158 .. .
♦159
§166 Mar 24 §166 Mar 14 161*M ay 175 *N ov
Do
pref.
*170 . . . .
■173
*172 .. .
*172 . . . .
*172
85%Mar 26 1 0 7 * J ’ne 11 6 9% Jan. 1 0 2 * S e p
1 0 6 * 1 0 7 * 1 0 4 % 1 0 6 * 104 1 0 5 * 1 0 3 * 1 0 4 * 104 105% 104 105 Chicago Burl. & Q u in cy... 172,025
900 49 Apr 19 66 J’ne 1 3 7 * J ’ne 61 S ep
* 6 1 * 6 2 * Chicago & East. Illin ois...
62
62
61*
6 4 * 6 4 * x61
63* 64*
64* 61*
450
102
Jan 7 1 13 *F eb 1 95 Jan. 103 S ep
Do
pref.
1
0
7
*
1
0
8
*
108
110 110 1 0 9 * 1 0 9 * 1 0 9 * 1 0 9 * *107 109 108
3%J’ne 20%Aug
9 * F e b 24 1 6 *J a n 8
14
1 4 * Chicago Great W estern ... 33,775
14
14*
14
14*
14
14*
14
14*
1 4 * 14%
71*O ct. 75 Deo
D o 4 p.c. debentures.
*71 .........
♦71 . . . .
*71 .. .
3
1 * Aug 43 S ep
"2ÔÔ
2
8
"
Mar
15
36%Jan"
28
Do
5
p.c.
pref.
“
A
”
..
*30
3 4 * * 3 2 " *3 4 *
34
3 2 * 3 3 * *30
*32% "34
*32% ' 84
20 Apr 21 25% Jan 14 19 Aug 33% Sep
Do 4 p.c. pref. “ B ” ..
*23
25
*23
25
*23
25
25
* 2 3 * 2 4 * *23
* 2 3 * 25
8
O ct 13 Aug
"sei
10*J
a
n
14
7
Feb
24
Chic.
Indianap.
&
Louisv..
*
9
*
10
§
9
*
9
* 9 * 10%
10
10
* 9 * 10
♦ 9* 10
414 23 Apr 16 8 3% Feb B 26 Nov S 8 * S e p
Do
pref.
*30
31
30
30
3 0 * 8 0 * $29* 2 9 *
*30
30*
SO
30
6 9 * A p r 102 S e p
8
3
*
Apr
21
162,747
Chicago
Milw.
&
St.
P
a
u
l..
!02%
J’ne
9
8
*
99%
99%
100%
9
8
*
100
9
9
*
1
0
0
*
9
9
*
1
0
1
*
100% 102
390 140 Apr 25 14 9 * Feb 16 180*M ay 146 Sept
Do
pref.
148% 148% ■148* 1 4 9 *
149 149
148*150
149 149
♦149 150
1 2 4 * 1 2 5 * 1 2 4 * 1 2 5 * Chicago & North Western. 10,710 113*M ar 12 1 30 *F eb 11 1 0 1 *A p r 1 3 2 * S e p
1 2 6 * 1 2 7 * 1 2 4 * 1 2 7 * 1 2 4 * 1 2 5 * 1 2 4 * 125
140 163 Jan
175 Mar 7 153 Jan. 18 5 * Sep,
Do
pref.
$172
172
170
170
*170 170
97*S ep.
105% Ì 0 6 * 104% 105% 1 0 5 * 1 0 6 * 1 0 5 * 1 0 6 * Chicago R ock Isl. & P a c .. 58,295 80 Mar 25 108%.l’ne 1 6 0 * A p r 1 8
106*107% 105*107
9*Sep
1,810 65 Mar 12 79*M ay 25 47 Jan.
*76
77 Chic. St. P. Minn. & Om ...
$77
77
7 6 * 77
75* 76*
7 6 * 77%
77* 77*
150%DeC
133*Jan.
28
Jan
5
155
Feb
$148
Do
pref.
*150
153
*150 152 *150 153 *150 153 *150 153 *150 153
9%Mar 3
"3 8 9
4 * Jan 3
8
8, Chic. Terminal Transfer..
*8
9
*8
9
*8 ■ 9
*8
9
22*J a n 8 33 Feb 5
Do
pref.
*26
30
♦26
30
*25
30
*29
8 0 * $27% 29
*29
80
4 2 * 4 4 * Clev. Cln. Chic. & St. L .... 53,140 25 Mar 12 4 4 * J ’ne 17 2 1 * J’ne 4 1 * S e p
40
43*
39* 40*
38* 40*
3 8 * 39
89* 39*
341 77%Mar 9 88%J’ue 14 63 J’ne 86*S ep
Do
pref.
$88 * 8 8 *
88
88
89
8 8 * 8 8 * *87
3,300 l l * M a r 26 1 9*Jan 12
1 4 * 14% Clev. Lorain & W heeling..
1 4 * 14%
14% 14%
14% 15
* 14% * 1 5 * " l é " Ï 5
45 May 2 5 0*F eb 9 '8 9 * 'N ov 4 9 * D e o
Do
pref.
......... 49
. . . . . . 49
......... 49
......... 49
*......... 49
170 J ’ne 7 170 J’ne 7 161 Apr 1 6 8 * Sep
168 . . . . Cleveland & Pittsb., guar,
*168 ......... *169 . . . .
*169 . . . .
♦169 . . . .
§5 J ’ne 1 §6 J ’ne 6
Colorado Mid., vot. tr. <tfs,
170
J ’ne 1
Do pref. vot. tr. ctfs.
"1 7 ”
$18
IS *
l * A p r 18 Jan
8 * F e b 10
1,760
Mar 18
Col. H ocking Val. & T o l...
6%
*5*
6
6
5*
5*
’5 *
5*
5*
400 - , Jan 7 25 Feb 9 14 Aug 46 Jan
Do
pref.
24
24*
* 2 1 * 24
* 2 1 * 24
* 2 1 * 2 4 * * 2 1 * 2 4 * * 2 1 * 24
§99%Mar 18 §99%Mar 18
Columbus & Ninth A v e ...
99% Apr 1 2 3 " Sep*
" 2 9 5 104 Apr 21 114 *F eb I
elaware & H udson.......
§1 09 * i î ) 9 * SÌ 0 9 ” 109% 108 110 ♦108 111
nò" ÌVÓ
148*M ay 164 A ug
205 1 4 4 * A p r 21 159 Feb
el. Lack. & W estern ...
§153* 1 5 3 * 154 160 *154 160
*.........160
1.........160
155 155
9*A pr 14*A ug
50 10 A pr 26 13 Jan 12
Denver & R io Grande.......
*12* 13*
§1 2 * 1 2 * *13
14
*18
14
5 2 * F e b 9 36 A pr 5 0 * Aug
6,959 40 Apr 2
Do
pref.
5 0* 51*
51% 5 1 *
5 1 * 52
5 0 * 51
51* 52*
51% 5 1 *
7 Apr 1 4 * J ’ly
8%Apr 21 20 J ’ne 10
2,700
18% 18% ♦ 17* 1 8 * Des Moines & Ft. D o d g e ..
1 7 * 1 7* *17* 1 8*
18* 19*
17* 18*
81 A pr 5 0 * A u g
Do
pref.
♦80 . . . .
*80 .......
*85 .......
*85 . . . .
♦85 .......
*85 .. .
5 Dec 1 0 * Aug
7%Feb
5 Apr
Dul. So. Shore & A tl.p ref.
*6
8
*6
8
*6*
8
*6
8
*6
7*
1 1 * Apr 19 Sep
355 11 A pr 21 1 6*F eb
*12* 14*
1 3 * 1 3 * * 1 3 * 14
13% 13% * 1 3 * 14
1 8 * 14
27
Apr 46%Sep
48%Feb
11
3,935
2
9
*
Apr
22
Do
1st
pref.
36
36
36
36
3 5 * 36%
36
36*
3 6 * 37*
87% 8 7 !.
30 1 5 * Apr 82 21%Feb 11 15*M ay 2 5% Aug
Do
2d pref.
*17
19
* 1 7 * 19
*18
1 9 * * 1 7 * 1 9 * §1 7 * 1 7 * * 1 7 * 19
26 May 11 20 J ’ne 84 Sep
100 22 May
*25
27 Evansv. & Terre Haute ..
*25
27
*25
27
26
26
*25
28
Do
pref.
230 40 Jan 18 52 J ’ne 16 28 A ug 48 Sep
*50
53
52
52
*50
53
*48
53
7 J ’ne 1 4 * A u g
10 Mar 12 14%Feb 14
lint & P ere Marquette..
3 6*M ay 19 43 Jan 28 80 Mar 49 Oct
Do
pref.
28
Mar
5
7 * J ’ly 20 Sep
21
Feb
I
Ft. W . & Den. C., stamped.
10 May 19 16*Jan 31 12 N ov 20*S ep
12 Ft. W orth & R io Grande..
12
12
* ................
12
120
Jan 141 Sep
1
7
9
*
J
’ne
11
180
Jan
1~
reat
Northern,
p
r
e
f...
.
1,337
1
7
8
*
*176
178
1 7 9 * 1 7 9 * 179 1 7 9 * *178 1 7 9 * 178
8 2 * F e b 24 2 7 * Apr 40 A ug
reen Bay & W estern ...
$30 Jan
40
*30
*30
40
*30
*30
40
*80
40
*80
Do debt certfa. “ A ” .
43 Mar 14 49 Jan 27 50 Dec 50 Deo
9 A ug
8*D ec
6 * J a n 25
Do debt certfs. “ B ” .
4 May
2,617 96 A pr 21 108%Jan 31 9 1 * A p r 1 1 0 * A u g
llinois Central.................
$104% 105% 105 105
104*105
104*105
104*105
105 105
97
A ug
88
Jan
§94
Feb
18
§94
Feb
18
Do
leased
line,
4
p.
c.
*90
100
*90 100
*90 100
*90 100
*90 100
*90 100
"OOÓ 7 *M a r 18 10 J ’ne 11 6 A pr 13*Sôp
*9%
9 * Iowa Central........................
*9*
9*
*9%
9*
*9
91
10
10
9%
9*
23 J ’ne 41*S ep
Do
pref.
780 25 A pr 28 3 5 * J’ne 1
§31* 8 1 *
32
82
S3
84
*34
85
85
35^
9 * Aug
4 J ’ne
6 * Feb 2
anawha & M ichigan...
6 Feb 8
*5*
6*
*5*
6*
*5*
6*
*5*
6j
an. City Pitts. & G u lf..
"52Ó 15 Apr 26 2 4 * Feb 10 1 7 * D e c 29%Sep
1 7 * 1 7 * *16% 17%
U 7% 17!
17* 17*
4 * Aug
2
Feb
3
*
J’ne
11
3
Jan
27
1,483
Keokuk
&
Des
Moines.......
5
*
5
*
*5*
6
.5 *
6!
A
5%
Do
pref.
436 15 May 12 1 8 * J ’ne 14 12 Mar 2 8 * Jan
19
1 8 * 1 8 * *18
18
18
84 Jan 31 82 Feb 3 6 * O ct
Keokuk & W estern.......... .
80 J ’ne
*30
85
*30
85
*30
85
2j ’ A ug
1 A ug
2 May 19
Kingston & P em broke....
"2OO
2 May 19
*3
10
«8
10
* 3 * 10
210 12*M ar 14 18%Feb 8 13 May 2 2 * Sep
ake Erie & W estern ... .
1 5 * 15*
* 1 5 * 1 6 * * 1 5 * 1 6 * $15 * 1 5 *
79%Sep
5
8
*
A
p
r
7
6
*
F
e
b
8
66
Mar
14
350
D
o
pref.
*
7
1
*
72
§7
2
*
7
2
*
72
72
7
2
*
7
2
*
♦72
74
211 1 7 0 * Jan 4 1 9 4 * Jan 29 152 Jan 181 Sep
1 8 7 * 1 8 7 * * . . . . . . 1 8 9 * Lake Sh. & Mich. S ou th ...
«.........189
♦.........189
1 189* 1 8 9 * t.........189
1 8 0 *A p r 19 190 May 27
Convert, ctfs. o f deposit.
*191 ......... . . . . . . . 191
".........191
38 D ec 55 J an
"
3
6 6 40 Jan 20 51 Jn’e l
L
ong
Island.........................
50%
50%
53
*50% "50% §4 9* " 4 9 * *50
*50
52
* 5 0 " "ö2
5 2 * 52% Louisville & N ashville.... 50,495 44 A pr 21 6 0 * Jan 81 40%Apr 63%Sep
52
52*
51% 5 2 *
5 2 * 54
51* 52*
5 1 * 52%
anhattan Elev.,consol. 105,596 91 Mar 26 120*Jan 14 8 1*M ay 113 Sep
1 0 4 % 1 0 5 * 1 0 2 * 1 0 4 * 104 1 0 6 * 104% 106% 1 0 4 * 1 0 5 % x l 0 3 * 1 0 5 *
etropolitan Street....... 17,137 125*M ar 26 1 71 *F eb 14 9 9 * O ct 1 8 3 * D e c
159*162
159 161% 1 5 9 * 1 6 1 * 1 5 9 * 1 6 1 *
160 1 6 2 * 1 5 8 * 1 6 1
9%J’ly
6 A ug
6 * Jan 8
600
4 * J ’ne 15
4%
4 * Mexican Central.................
♦ 4*
5*
*4*
5*
*4*
5*
*4*
5*
4%
4*
2 * Aug
1 Nov
l* M a y 2
1 Feb 10
Mexican
Nat’l .tr. recta ...
*1
1
*
*1
1
*
*1
1
*
*1
1*
*1
1*
*1
1*
l
l
l%
Sep,
90
Jan
114%Feb
8
99*M
ar
12
Michigan
Central...............
2,904
103 103
103 103% 103 103 *103 . . . .
1 0 3 * 1 0 3 % 108 104
200 24 Mar 11 30%Feb 15 16 May 3 1 * S e p
* 2 7 * 29 Minneapolis & St. L ouis...
28
28
2 8 * 2 8 * *28
29
29*
*29
2 9 * *29
90
Sep
77%Mar
9
0
*
J
’ne
7
84
May
14
Do
1st
pref.
106
*
8
9
*
91
§91
91
♦90
91
91
§91
91
$91
192
92
Do
2d pref.
440 46 Mar 26 63 J ’ne 8 46 Feb 6 2 * S e p '
62
$61* 6 1 *
6 1 * 6 1 * *61
61
61
163
63
61
61
6 a Dee
6 Dec
7 Mar 11
6 *M a r 11
Minn. St. P. & S. S. Marie.
*6 . . . .
*6
*6
*6
*6
" 2 6 4 10 A pr 13 1 4 *J a n 26 10 Apr 16%Sep
1 1 * ♦ 11* 1 1 * su’* 'V i* * 1 1 * 1 1 * Mo. Kansas & T e x a s .........
11* 11*
1 1 * 1 1 * *11
6,390 28*M ar 12 41 Jan 28 2 4 * A p r 42 Sep
Do
pref.
33% 3 3 *
S3* 33*
33* 34*
3 2 * S3*
34* 85*
83% 35%
22 Mar 12 3 6 * J ’ne 11 10 May 4 0 * S e p
Missouri
P
acific.................
36,231
3
4
*
3
5
*
34%
3
5
*
3
4
*
3
5
*
34%
3
5
*
3 5 * 36%
86
36*
201 2 4 * A p r 19 8 2 * F e b 7 18 J ’ne 3 2 « Au*
* 2 6 * 28 Mobile & Ohio....................
$25
25
*27
28
*27
28
28
28
2 8 * *26
$167*.!an 4 $175 Jan 14 16 2 * J ’ne 1 7 3 * Deo
«167* 1 7 0 * * 1 6 7 * 1 7 0 * ♦ 1 6 7 * 1 7 0 * Morris & E ssex...................
•171 173 * 1 6 7 * 1 7 0 *1 6 6 * 1 7 0
ash. Chat. & St. L ouis..
60 J ’ne 1 60 J ’ne 1 70 Jan 85 Sep
Y. Central & Hudson.. 21,589 105 Mar 26 1 19 *J a n 28 9 2*F eb 115*S ep
i l 5 * 115% 115% 116%
11*6* 1 1 7 * 1 1 5 * 1 1 6 * i Ï 5 % 1 1 5 * 115
ll% M a r 14 15%Jan 31 11 Feb l7% Sep
100
N.
Y.
Chicago
&
St.
Louis.
*13
14
*18
14
*13
14
*13
14
I S * 1 3 * *18
73 Feb 19 76 Jan 31 67%Apr 81*S ep
Do
1st pref.
•65
75
75
*65
75
*65
♦65
75
75
* 6 5 * 7 5 * *65
28* Mar 25 4 0 *J a n 29 24 Feb 43*SeP
Do
2d pref.
*31* 8 4*
*30
35
*33
8 4 * *88
35
84
34
*84
84*
§320 Jan 5 §320 Jan 5 295 Feb 325 DeO
New York & H arlem .........
U20 Apr 20 §1 23 *F eb l6 119 Jan 122 Mar
N. Y . Lack. & W estern ....
ep
100 §178*Jan 7 195*F eb 2 160 Feb 185*S
*188 191 N. Y, New Haven & Hart.
*190 ......... ■190 ......... ♦189 .. .
•190 ......... *189 .. .
13%Apr 25 18%Feb 2 1 2 * A p r 2 0*S ep
N.
Y.
Ontario
&
W
estern
..
2,827
15
15% $15* 1 5 *
14% 15%
1 5 * 1 5 * $ 15 * 1 5 *
1 5 * 15%
65 Jan 28 65 Jan 28
*60
66 Norfolk & Southern..........
*60
66
*60
66
*60
66
♦60
66
9 Apr Ï 7 * S e p
" 3 1 " 1 1 * Apr 21 17 Feb 7
15
15 Norfolk & W estern............
15
15
" 1 5 " I S " *15
16
*15
16
15
15
Do
pref.
4,510 42*M ar 12 5 6 * F e b 7 2 2*M ay 4 8 * Dec
5 1 * 51*
51 % 5 1 *
51* 51*
51% 51%
52* 52*
52
52%
D ee
28% 29% Nor. Pac. R y., vot. tr. ctfs. 35,755 19 Feb 24 81%J’ne 6 11 Apr 22%
2 8 * 29%
28% 28%
27% 28%
2 8 * 30
2 9 * 30%
Do
pref. 61,875 56%Mar 12 7 0 * J ’ne 6 32%Jan 6 l% D eo
68% 6 3 *
68 6~‘ I
6 8* 69*
6 7 * 68%
68* 70*
89* 70*
8
*
Deo
5%Nov
7
Mar
5
7 Mar 5
maha & St. Louis..........
i'i'oo 3 5 * Jan 7 5 4 * F e b 1 10 Apr 41 Sep
r.RR.& N .Co.vot.tr.cfs.
* 4 9 " "5
•51* " 5 2 * *51 " " 5 2 *
7
3
*
S
ep
37%Jan
74
J’ne
11
596j
6
5*M
ar
29
Do
pref.,
vot.
tr.
ctfs.
70
7
§72
72
70
70

178 .........
180 ......... *180 ......... 180 ......... 180 . . . .
•11 ll*é *11 12 *11 12 *11 12 *11 12 ♦11 12
*37
38
«36
38
'3 7
88
*36
38
87
87
* 3 6 * 38
13% 13%
13
13%
13
13*
1 3 * 14
18* 13*
12% 13%
32% 33
88% 84% 3 2 * 3 3 * 3 2 * 3 3 * 32 33% 3 2 * 33
20* 21*
1 9 * 21
19
19
1 9* 19*
19* 20* 1 9 * 20
7%
7%
7
7*
7
7
*6*
7*
6*
6*
m
7*
102 108
102 106 *102 106
102 106
♦102 106 *102 106
51
51%
51% 52%
5 0 * 51%
50* 53*
5 0 * 52%
52
53*
*20
30
*20
30
*20
30
*28
80
*20
30
*28
SO
66 *
6 6 * 1....... 66 * . . . . . . 6 6 * ■........ 66 * *60
♦65
6 6 * *65

•180

B

C

95 95

.

Vii"

D

Erie*
F

G
I

K
L

M

.....

.....

.......

.....

N

O

* These are bid and asked prices; no sales on this day.

OUTSIDE SECURITIES
S tr e e t R a ilw a y s .
N EW YORK CITY.
Bleeck St & Ful F—Stock.
1st m ort 7s 1 90 0 ... J&J
B ’wav & 7th A ve—Stock.
1st m ort 5s 1 9 0 4 ...J&D
fid m ort 5s 1914— J&J
Con 5s 1943—See Stock
B’ w ay8urf 1st 5s gu. 1924
fid 5sl V, as rental .1905
Central Crosstown—Stock
1st M 6s 1922....... M&N
Cen Pk N & E R iv—Stock
Consol 7s 1902....... J&D




Bid.

Ask.

83^
32
101
104
5215
5105 10*6
112
§110
Exch 1 ist.
114 116
5105 106
240
511 8 *
180
5109 i l l *

(G iv e n

SLess than 100 shares.

a t foot of

S tre e t R a ilw a y s .
Chnst’ p’r & 10th St-Stock
1st mort 1898....... A&O
Col& 9th A ve 5s-See Stock
D D E B & Batt’y—S to ck ..
1st gold 5s 193 2 ...J& D
Scrip 58 1915.........F&A
Eighth Avenue—S tock ...
Scrip 68 1914.................
42d & Gr St Fer—S tock...
42d St Man & St N A v e ..
1st m ort 6s 1910..M&S
2d incom e 6s 1915. J&J
L ex Av& Pav F 5s-See Stk

7

consecutive pages ) .—

S tre e t R a ilw a y s .
Bid. Ask.
Metropolitan—See Stock
160
150
1 0 0 * 1 0 3 * Ninth Avenue—S to ck ....
Second Avenue—S tock ...
Exch 1 1st«
1st mort 5s 1909. .M&N
195
175
Debenture 5s 1909. J&J
5114* 116*
Consol. 5s, 194 8 ...F&A
108
100
Sixth Avenue—Stock.......
320
So Fer 1st 5s 1919. .A&O
108
Third Avenue—See Stock
33Ö 36 Ó
1st mort 5s 1 9 3 7 ... J&J
65
60
28th & 29th Sts 1st 5s.. ’ 96
113 116
93 i Twenty-Third St—Stock.
90
Deb 5s 1906............J&J
E xch 1 ist.

STREET RAILWAYS, &c

Bid. Ask.
Exch 1 ist.
170 180
170 1 7 2 *
5107 109
5105 108
511 2 * 113 *
200 210
5107
Exch. list.
120 121
5108 110
325
103

S tr e e t R a ilw a y s .
Union Railway—Stock
1st 5s 1942............F&A
W estchest 1st 5s ’ 43.. J&J
BROOKLYN.
Atlan. A ve., B’klyn—
1st 5s 1909..........A & O
Con 5s g 1931 . ....A & O
Impt 5s g 1934.......J&J
B. B. &W.E. 5s 1933.Aatu
Brooklyn City—Stock. . . .
Conso 5s 1941.......J&J
B’klyn C.&Newt n—Stock
5s 1939.................... J&J

Bid.
175
5112
5109
5105
5106
85
85
214
114
195
5U 4*

Ask
200
115
.........
109
- «rtff

215
117
115*

1174:

THE CHRONICLE—STOCK

PRICES (2 pages) P a g e 2,

STOCKS—H IGH EST A N D L O W E ST S A L E PR IC E S.

STOCKS.
*30
81
§115 115
2
*156
6
*4)6
*44
45
64
64)6
*168
7
7
19)6 1 9 «
45% 46
23)6 23)6
*178
*25
26
*64% 66
*121)6 123
§7
7
♦60
62
*20
22
7)6
7%
*62)6 68%
§30
80
556
556
1156 11%
*18
22
84
*78

[V ol. L XY I.

R ange f o r p r e ­
Sales Range fo r yea r 1898.
o f the On ba sisof ioo-sh're lot vious year (1897).
Week.
Lowest.
. Shares
Highest. , Lowest. |Highest.

Oregon Short U n e .
"Pennsylvania........

19%Jan
83)6Feb 17
110)6Mar IS 120%Feb 7
%Jan r
2%May 23
Peoria & E astern.. . . ,
4 Feb 26
5)6 Feb 11
' ;tsb. Cin. Chic. & St
320 88% Jan £ 47%May 2
Do
1 f.
575 67 Mar 2! 71 Feb 7
;ts. Ft. W . & Ch., gv
§168 Feb 25 171%Feb 11
Pittsb. & W est., p ref.
5)6J’ne l :
7 J ’ne 17
2,475 15% Mar 25 23%Jan 6
s 17,075 30 Mar 12 54%Feb 3
..
1,597 18%Mar 2( 29 Jan 8
182 Jan 2( §185 May 20
Rio Grande & W estern .....
100 22 May 11 27 J ’n'e 6
Do
f.
755 50)6Mar 15 67 J ’ne 10
§110)6Mar2( §123 Jan 4
s.
6
5%Mar 7
8)6 Feb 11
Do
1st pre :.
52E 45 Feb 24 03 J ’ne 11
Do
2d pre f.
1,260 18%Apr 25 23)6.1 ’ne 11
•L. & S. Fr., vot. tr. c tf s.
823
6 M ar 2(
8%J’ne 3
Do
1st pre
820 52%Mar 12 65%J’ne 6
Do
2d pre f.
1,895 22%Feb 24 3 2% J ’ne 1
St. Louis Southwestern. ..
1,475
8)6Jan 24
5)6 J ’ne 17
Do
pre f.
2,480
7)6 Mar 12 12%J’ne 7
St. Paul & Duluth. . . . . . .
20% Jan ( 25 Jan 8
Do
pre :................ 78 Apr 2( 87%Feb 14
St. Paul Minn. & M an...
l23% Jan 12 145%J’ne 2
Southern Pacific Co.......
12 Apr l i 22 Jan 12
.
2,600
7 A pr 21
9%Feb 10
Do pref., vot.
i. 12,971 23%Mar 26 33%Feb 11
'T 'exas & Pacific.
8%Mar 12 12%Feb 15
155 A pr 21 194% Feb 16
§15 Feb 1C §15 Feb 10
'................ §88% Feb £ §40 Feb 10
16% Jan 12 20 A pr 4
nion Pacific B y .. .
! 17,834 16%Mar 25 25% J’ne 6
Do
...]
(. 95,266 45%Mar 12 63%Feb 2
Un. Pac. Den. & Q., tr.
). 12,210
5%Apr 20 10%Feb 18
abash .. . . . . ..........
6)6Mar 25
7% Jan 12
Do
j
t.
6,185 14)6Mar 7 20%May 9
W est Chicago Street.
.
2,100 87% Apr 25 102%Jan 8
.
3,240
l% M ar 29
8)6 Jan 11
Do
pref.
615
9%Mar 12 16 Jan 12
;scon. Cent., \
100
%Jan 6
8%Jan 17
Do
pref.
5 Feb 5
5 Feb 5
..

200

U
W

dams Express............ .
meri can Cotton Oil.., .
150
Do
preJ
261
American District T e l ...
American Express.......... .
American Malting.......... .
775
Do
prei .
878
American Spirits M fg ..., . 12,830
Do
preJ
5,603
American Sugar Refining .'330,819
Do
prei
815
American Tel eg. & Cable. J
57
American Tobacco.
. 217,232
Do
258
Do
.
26
ay State Gas.
. 28,760
r
»rook!yn
Union Gas.
. 14,240
1,130
1 .........
v^olorado Coal & I. Devel,
Do
]
Colorado Fuel & Iron.
714
Do
1
200
Consolidated Gas (N. Y.).
9,110
Consolidated Ice ............... .
1,237
Do
pref
119
Consolidation Coal..........
Consol. Kan. C. L. & R ..
Detroit Gas........................
800
O a stern E levator.......... .
700

497)6Apr 29 §180 Feb 10
15%Mar 25 2 3% Jan 10
66 Mar 14 77%Feb 1
22 May 13 22%J’ne 7
§116 Jan 5 130 Feb 14
25 May 5 29%May 6
76)6May 5 79%May 9
6%Jan 20 il 5 % j’ne 9
16 Mar 26
107%Mar 26 145%J’ne 6
103 Mar 25
§88 Mar 29 §93 % J’ne 9
83)6Jan 24 117 A pr 14
112)6Mar 11 119%May 24
78 Mar 14
2%Mar 21
5%Jan 21
106 Mar 26
9 J ’ne 3 14 J ’ne 6
§120 J ’ne 4 §120 J ’ne 4
)6 Apr 7
%Jan 28
2 J ’ne 6
2% Apr 8
17 Mar 12 26% Jan 11

B

' 17%J’ly| 2 3% Aug
103%Jan ,119 Sep
% J’ne
8% Aug
5 A pr
8% Aug
! ll% M a r 39%Deo
44%J’ne 70%Oct
150 May 172)6Aug
4% Aug 12 Sep
16J6 Apr 29%Sep
38)| Apr 57%Sep
22)6 Apr 35%Sep
175 Oct 185 Jan
14% J ’ne 25) 6Sep
25 May 6l)6D eo
116 Mar 122%Deo
9%Sep
8%J’ne
87% J’ne 54)6Dec
10)6J’ly 20%Sep
9 Aug
4 Apr
87 Jan 59%Deo
12 Apr 27)6Deo
1 Apr
7 Aug
3)6Apr 14%Sep
20 Jan 30 Sep
72)6J’ly 87)60ct
114 Jan 125 Aug
13)6 Jan 23%Sep
7 Apr 12)6 Sep
22%Apr 38%Sep
8 Apr 15 Aug
146 May 173 Deo
20 Sep 26) 60ot
9%Dec

14%Deo

1 Apr ll% S e p
4%Mar
956Sep
11)6 Apr 24%Sep
100%Nov 112 Aug
6)6Jan
)6J’ne
2%Apr 29 Jan
4%Aug
1 J ’ne
8 Sep
6 Sep
147%Feb 165 Oct
9)6 May 26%Sep
52)6B’eb 80)6Sep
21)6 Dec 27 J ’ly
109%Jan 119)6Nov
6%Nov 15% Aug
15 Dec 36 Aug
109%Mar 159)6Sep
100)6Jan 121)68ep
8 5)6Jan 94 J ’ne
67%Feb 9 656Aug
100 Feb 115 Aug
3%Oct 16)6 Aug
85 Jan 137 Sep
2 Aug
% J’iy
5 Sep
2 Oct.
15%J’ne 27%Sep
70 Nov 85 May
756Aug
8)6J’ne
241%Sep
L36)6J
28 Nov 41%J’ly
80 J ’ne 9 "% J ’ly
35 Feb 3 7% May

4%Mar 25
7%Jan ÌS
167 Mar 26 205%J’ne 9
27%Mar 25 38 J ’ne 14
83)6 Apr 28 91 Feb 15
40 May 17 §45 Feb 14
99% May 24 99%May 24
45 Apr 20 62 Apr 8
60 Nov
61%May 20 66 Mar 11
119 A pr 8 135 Jan 20
132)6Sep
Edison Elect. 111. (B ’klyn)
145 106%J’ne 17 111 Feb 8 97 Feb 115)6Aug
Genera lE lectric....
10,386 29% Mar 12 39%Feb 7 28%May 41%Sep
8,966 15)6Apr 22 86%Feb 15
-. B. Clafiin C o ...
92 Jan 27 92%Feb 10 81)6J’ly 10l)6Oct
Homestake Mining.
48 A pr 2 50 May 21 35 Mar 45)6Dec
Illinois Steel............
820 44% Apr 25 60 J ’në 1 29)6Apr 50 Aug
1,518 87%Mar 25 52 J ’no 8 22 May 4956Aug
85 Mar 12 94% Jan 14 70)6Mar 96 A ug
30
4 Jan 20
7 J ’ne
5%Jan 24
4 Aug
5 45 Mar 28 58 J ’ne 10 40 J ’ly 52 Deo
Mergenthaler Linotype. .
140 Mar 9 145%Feb 10 .
Michigan Penin. Car, pref
54 Jan 29 §54 Jan 29 42 May 61 Sep
Minnesota Iron................. .
1,125 57 Jan 20 75%May 31 38 Apr 60 Aug
ational Lead................ .
4,008 26%Mar 26 37%,Jan 7 21%Feb 44 Sep
Do
pref
529 99 A pr 22 109%Feb 10 88%Feb l0956Sep
National Linseed Oil........
400 15 Mar 25 2l% M ay 23 10 May 23%Aug
National Starch..................
5 Apr 25
9 Feb 10
3 May 13 Aug
Do
1st pref.
60 Mar 25 80 Jan 18 51)6Mar 90 Sep
Do
2d pref.
30 Jan 27 30 Jan 27
8% Apr 45 Aug
. _ New Central Coal...............
6%Apr 15
8)6Aug
8%Feb 7
456 May
45% N. Y. Air Brake..................
2,550 14 Apr 5 51 J ’ne 3 22 Dec 31)6 Aug
6%;North American Co...........
9,140
4%.Jan 15
6%Aug
3?6Apr
6)6J ’ne 8
intarlo Silver.,
260
3%Jan 4
3)6 Nov 1056Jen
4 J ’ne 1 1
'reg. Imp., 5
870 19 Jan 3 81 May 6 12 Nov 18)6 Deo
. . . 28%' p tactile
_ . ______I...............
Mall.
4,020 21 Apr 21 32%Feb 4 ! 24 Jan. 39)|Sep
*825 . . . . . . I L ennsylvania Coal.
......... 323 Mar 23 350 Feb 25 t
Dec 340 Mar
S ^ iP eop ie'sG a s-L .& C .iC h ic.) 137,008 86%Mar 26 104%May 31 91 Nov 9756Deo
1§8% 189 Pullman’ s Palace Car
2,814 L65 Mar 12 .91 May 31 152 Jan. 185 Sep
uicksilver Minini
4%Aug
2 Jan 26
2)6.1an 7 | l% J ’ne
Do
pref.
5 J ’ne 2
5 J ’ne 2 ‘ 8 Apr 13 Aug
ilver Bullion Certiflc't’s.
9,000 56)6Apr 4 58 J ’ne 16 ' 5 l% A u g 65)6 Jan
tandard Gas (N. Y.).......
......... 43%Jan 21 147 Jan 24 81 Jan. 140 Deo
Standard Rope & T w in e...
3J6Jan 3
7 May 23
256Dec 1156.1 an
rFenn. Coal Iron & RR ... 12,278 17 Mar 12 28%Jan 11 j 17
May 35%Sep
1 exas Pacific Land Trust
900
9 Aug
5 May 27
7%J’ne 8 ; 6 Apr
nited States Express ..
23 38 Apr 14 45 Feb 9 37 Feb 48 J ’ly
nited States Leather ..
3,100
5%Apr 25
8%May 24
6)6May! 10)6Aug
Do
pref. 20,395 53)6Mar 26 09J6May 25 50 Apr 72 Sep
United States Rubber....... 15,244 14)6Mar 12 23% J’n'e 17 10 J’ne 25)6Jan,
Do
pref.
8,637 60 Mar 12 86 J’ne 17 50 J’ly 7 6% Jan
ells, Fargo & C o .........
73 §112% May 5 120%J’n el7
97 Jan. 20 Dee
estern Gas (M ilw .l....
86 Jan 17
J ’ne 86 Aug
Western Union Tel eg’ ph..
9,608| 82%Mar 26 93%Jan 101 7556May 9656Sep
i ¿.ess than 100 shares.
* Ex dividend o f 100 per cent in bonds

N

Q
S
U

W

* These are bid and asked p rices; no sales on this day.

OUTSIDE SECURITIES
B tr e e t H a ll w a y s .
BklynCrosstn5sl 908. J &J
B’klyn Elev, all ass’ts pd.
B kinH gtslst 5s 1941 A&O
BQnsCo.&S.—1st 5s.l941
Bklyn Rap.Tran.—See Sto
Cal.Cem Gr.&B’k y n lst 6s
Coney island & Brooklyn.
1st 5s 1904........ ...J& J
5s certfs indbtl910.J&,T
Qr.St.&New lst5 s’ 06A&0
G’p’t & Lorimer St. 1st 6s.
Kings Co. E levai.—Stock
Bonds—See Stock Exch.

Bid.
105
21
99
105
ck Ex.
110
195
103
98
104
110
1
List.




Ask.
22
100
108
List.
205
105
101%
100
2

(G iveis - a t foot of 7 c o n s e c u t iv e p a g e s ),

S tre e t R a ilw a y s .
Kings Co Traction—Stock
Nassau Elec 5s 1944. A&O
NewW mb’g& Fllstex.4% s
NY& Qus Co 5s 1946.A&O
Stei n way 1st6 s1928.J &J
OTHER CITIES.
Balt Consol—Stock—See
Bridgep T r-ls t 5s ’ 23.J&J
Buffalo Street Ry—Stock.
1st consol 5s 1931. F&A
Crosstown 5s 1932M&N
Chicago City R R —Stock..
Citizens’ St (Ind’nap)-Scr

Bid. Ask.
46
48
100% 102
101
103
H I 4%

ne

Balt L
{100
80%
{109
{107
251
Phila

ist.
105
82
111
109
260
list.

Street Railways
Cleveland City R y .. ........
Clevel C ab-lst 5s ’ 09. J&J
Cleveland Electric R y ....
Con 5s 1913.......... M&S
Columbus (Ohio)—Stock.
Con 5s 1932............ J&J
Crosst’w n -lst5s’ 33J&D
Consol Tract’n (N J )—See
Lake St (Chic)Elev-Stock

STREET R AIL WATS, <&c-

Bid.
55
{100
50
{100
49
95
96
Phila

1st 5s 1 9 2 8 .............. .J&J
69
Louisv St Ry—5 p c bonds {112
Common...........................
34
P referred .....................
90

Ask.
60
102
53
103
50
100
list.
13
70
114
39
100

S tr e e t R a ilw a y s .
Love Elect Trac (Chic>...
Lynn& Bos-I st 5s ’ 24. J&D
Metrop W est Side (C h ic).
1st 5s 1942........... F&A
Minneap St R y-5s *19. J &J
New Orleans Tr—C om ... .
P referred ........................
Notes 6s 1 9 0 4 ....M & N
North Chicago—Stock. . . .
1st 5s 1906-16....... J&J
No Shore Tr (B ost)-Com .
Preferred ........................
§ Buyer pays accrued

Bid.

Ask

{1 0 2 " *108*
3
{ 52
T
10
75
205 208
{104
105
10
15
72
76
intere st.
1
7

THE C H R O N IC L E .—BOND PRICES (5 pages) ¿.'age 1,

J une 18, 1898.]
BONDS.
HT.Y . S T O C K E X C H A N G E ■2'e
W e e k E n d in g J u n e 17.

P r ic e
F r id a y ,
J u n e 17.
B id.

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

R ange
fro m
J a n . 1.

91 Jan.’98
Alabama Mid 1st gu g ... 1928 M - N
Albany & Susq. See D & H.
Allegheny Val. See Penn Co.
A m Dock & I. See Cen o f N J.
84%
85
Ann A rbor 1st g 4 s........ 1995IQ-.Tt
84% Sale
92
93
93 Sale
Atch T & S Fe gen g 4s . 1995 A - O
89% M ar’98
Registered........ .....1 9 9 5 A - O
06% Sale
Adjustment g 4 s .. . . . . 1995 Novt
05%
66%
Registered................. 1995 Novt
Equip tr ser A g 5 s ... . 1902 J - J
Chic & St Louis 1st 08.1915 M - S
A tl A v Bklyn imp g 5 s .. 1934 J - J
99% J’ne’ 98
Atlan & Danv 1st g 5 s .. 1950 J - J
Atlanta & Char. See Sou Ry.
Austin & N W . See So. Pac.
at Creek & S. See Mich Cen
110
alt & O 1st 6s Pkbg B r.’ 19 A - 0 110 Sale 109
109%
Gold 5 s ........ ...1885-1925 F - A 109% Sale
09
Coupons off.........................I........
Registered.......1885-1925 F -A 108% Sale 108% 108%
104% 100% 104
104
Eng certf o f dep osit.. . . . .
108 . . . . . . 04% May’ 98
Consol gold 5s...............1988
103% May’ 98
Registered................ .1988
97 M ar’98
J P M & Co ctfs o f d ep ...
B altB ’ltls tg 5 sin tg u .1 9 9 0 M -N
90 May’98
W V a& P l s t g 5s.......1990 A -O
Monon Rlv I s t g u g 5 s .l9 1 9 F - A
Cen Ohio R l s t c g4% sl9S 0 M- S
99 Jan.’ 98
Col& CinM Iste x t4 % s l9 3 9 J - J
A k & C J 1st in t g u g 5 s .1930 M -N
95 .......
80 N ov’ 9
Coupons off............ ...........
03% Oct.’ 9
Pitts & Con 1st g 4 s .. .1940 J - J 1 0 2 % .......
B & O S W lstg u g 4 % s.l9 9 0 J - J *102 103
02
103
00 .T’ne’ 9
B& O S W R y con g 4%s 1993 J - J
7 6 % .......
20 .......
27% J ’ne'98
1st inc g 5s ser A . ...2 0 4 3 Novt
Series B ...................... 2043 Dect
9 J’ne’ 98
8 .......
B & O S W Ter Co gu g 5s.'42 M -N
Ohio & Miss 1st con 4 s.l9 4 7 J - J .........104
105% Jan.’ 98
21 J ’ne’ 98
2d consol 7s.............1 91 1 A - 0 .........121
105%
1st Spr’ giieldDiv 7s. 1905 M -N 104% 105% 05
1st general 5s...........1932 J - D
Beech Creek. See N Y C & H.
Bel & Car. See St L A & T H.
Boonev Bridge. See M K & T.
Bway & 7th A v. See Met S Ry.
Bklyn City 1st con 5sl910-41 J - J 1 1 4 % ....... 113 May’ 98
Bklyn El Tr C o cf Istg 0sl92 4
89% Sale
88
Tr Co ctfs 2d g 5 s . ... . 1915
08 May’ 98
3d instal p d .............. '........
8 & B B T C o cfs Istg u g5 8 ’42
70% D e c ’ 97
3d instal p d ....................
Un E lT r C o c fs Istgu g0s’ S7
89% Sale
88
Bklyn Rap Tr g 5s.......... 1945 A -O
99% Sale
98%
Bklyn & Montauk. See L Isl.
Bruns & W est 1st g 4 s .. 1938 J - J
Buff N Y & Erie. See Erie.
Buff R & P gen g 5 s .....1 9 3 7 M - 8 104 100
Debenture e s .............. 1947 J - J
R och & Pitts 1st g 0 s ..1921 F - A
127 M ar’ 98
Consol 1st 0s.............1922 J - D
123 A pr.’98
Cl & Mah 1st gu g 5 s .. 1943 J
103 A pr’ 97
Buff & Southwest. See Erie.
Buff & Susq 1st gold 5s.. 1913 A -O
Registered.....................1913 A - O
Bur C R & N 1st 5s.........1900 J - D 104% Sale 104% 105
Con 1st & col tr g 5s... 1934 A - 0 104 ....... 103 J ’ne’98
Registered..................1934 A - O
M & St L 1st gu g 7 s..1927 J - D
C R I F 4 N W l s t g 0 s..’ 20 A -O
108 D e c ’ 97
1st gold 5s.....................1921 A -O
105 Jan.’ 98
anada South 1st 5s.. .1908 J - J 110 110% 110% 110%
2d 5s........................1 9 1 3 M -S 108% Sale 108% 109
Registered......................1913 M -S
100 Jan.’ 9
Carb&Shawn. SeeStLA&TH.
Carthage & Ad. SeeNYC&H.
C R l a F & N . See B C R & N.
Central Ohio. See Balt & O.—
Cen R R & Bkg Co o f Ga.—
Collateral gold 5s.........1937 M -N ' 91
87 Apr.’ 98
Cent o f Ga Ry—ls t g 5s.. 1945 F-A* 115
114% J ’ne’ 98
R eg istered .......... ...1 9 4 5 F-A +
Consol gold 5s.............. 1945 M -N
90
89
90
R eg istered ................ 1945 M -N
1st pref incom e g 5s. ..1945 Oct.t
40% Sale
40%
41
2d pref incom e g 5s.... 1945 Oct.* ' 13 .......
14 J ’ne’ 98
8d pref incom e g 5s. ...1945 Oct.*
5
10
5 May’ 98
M &N Div l s t g 5 s ....1 9 4 0 J - J !......... 91
92 Jan.’ 98
Mobile Div l s t g 5 s....1940 J - J ‘......... 98% 95% Jan.’ 98
Mid Ga & A tl Div 5 s .. 194” J - J 1......... 82%
Gent o f N J—1st con 7s. 1899 Q -Jt 104% ..
104% M ar’ 98
1st convertible 7s....... 1902 M -N
113% D e c’ 9 "
Convertible deb 0 s .... 1908 M -N
110% Feb.’ 98
General gold 5s............198 J - J 113% 113% 118% 113%
Registered..................1987 Q -J t
113% J ’ne’98
Leh & W B C c o n a s 7 s .l9 0 0 Q-Ml 100 Sale 100
100
5s
1912 M -N
90
95
90 M ar’98
A m Dock & Imp Co 58.1921 J - J
115 114 J ’ne’ 98
N J South intgu ar 0s.. 1899 J - J 100
Central Pacific—
Speyer & Co ctfs dp A .1898
*103% . . . . . 103 Feb.’98
Speyer & Co ctfs BCD. 1899
* 1 0 3 % ....... 103 Feb.’98
E xt g 5s series E ....... .,1898 J - J * 1 0 3 % ....... 101% May’98
Speyer & Co ctfs dep E .® 00
* 1 0 3 % .......
Speyer & Co ctfFG H I.1901 ....... *1 0 3 % .......
San Joaquin Br g 0s. ..1900 A - O 102% Sale 102% 102%
Guaranteed g 5s........... 1939 A - O * 85
85
Speyer & Co eag cts ................... * 85 .......
Land grant gold 5 s ... .1900 A - O
102 M ar’ 98
C & O Div ext g 5 s ....1 9 1 8 J - J
101 Jan.’ 98
W estern Pacific g 0 s.. 1899 J - J ■108% 104 103% J ’ne’ 98
No o f Cal 1st gu g 0s. .1907 J - J
Guaranteed gold 5s. 1938 A - O 100
101
101
CentWash 1st g 6 s tr c t fs l9 3 8 ........
40 Feb.’98
Charles & Sav 1st g 7s.. 1930 J - J
Ches & O—P M fd gs 0s. 1898 J - J
101% Jan. 98
Gold 0s series A ............1908 A-Ot 117% 119
119% M ar’98
Gold 0s........................... 1911 A-07 119 120 119 J ’ne’ 98
1st cons g 5s..................1939 M -N *114 114% 114% 114%
Registered.................. 1939 M -N
114 Feb.’9S

B

C

* No price Friday; these are latest bid and asked this week.

OUTSIDE SECURI TIES j (G iv e n
P rov & Pawt’ck -ls t 5s '33
Richm R y& E lec-lst 5s’20
R ochester R y .....................
Con 5s 1930.......... A&O
Scranton Traction........ 50
0 s .....................................
So Side El (Chic)—Stock.
Tw in City R Tr—C om ....
P re fe rre d ........................
Un’ d T r& E lec(P rov)-S t’k
1st 5s 1°33
. ..M&S
W est Chicago o f . ..............
Con 1930......... ...M & N




Bid. Ask.
§104% 105%
§ 80
82
9
13
95%
t 10
§105
60
61
10
20
100
59% 63
§105 107
90
91

W eek's
Range or
L a s t Sale,

T Bonds due July.

a t foot of

7

Bid. Ask.
G a s S e c u r itie s .
West E nd—Sea Beaton Exch ist.
17
W orcester (Mass)Tr-Com
15
95
90
N EW YORK.
Central Union Gas—
1st 5s 1927..............J&.T §104 105
Con Gas (N Y )—Stock—N Y Stk Exch
Deb 5s 1908.......... M&N 108 111
1st 6s 1809............F&A §101 ’*-02%!
Con. 5s 1932..........M&S §112% 110
Mutual Gas......................... 340 352%l

* Bonds due Nov.

1 Bonds due June.

consecutive pages ) .—
G a s S e c u r itie s .
New Amsterdam Gas—

1st 5s 1930.......

L o w . H ig h
73%

85
105
94
99&

97% 104
112% 113%.
107 111

113% 117%,
104% 107
104% 109
104% 112
109% 109%.
98 104
9” 101%.
99 100
95% 100
97
97%
119 123
105 110%
116

116%

122 130
101% 108%
101 100%
100% 109
112
80
96

115%
89
105

140

143

137% 140%
140 144
138 143
139% 143
116 119%
110 110
114% 121
128% 130%
118
111
110%
107
112
111
111
127%

121
117
117
110
113%
115%
115
127%

109 113%
102 107
104% 105%
120 122%
117 123
138
113
112%
13%
114
100

145
110%
110%
118%
114
111%

11 118%
17 119
107% 110%
09% 109%
12 116%
17% 117%
104 107
103 103
99 102
100

107

101% 102%
117 117
109 109
105 105
132% 137
113% 117%
133 134
133 135
112 113
127% 132
128 131%
104% 108
102%
103%
85
69%

105%
103%
92
70%

103

109

126% 138
128 133
120 132%
79% 8 f%
117% 122%

i Bonds due May

GAS SECURITIES, &c.

Bid. Ask.
30% 31%
73
72
§101 101%

. . . J&J 112
100
Consol 5s 1945..
Nor Un—
90
1st 5s 1 9 2 7 ......... ..M&N

Bonds due Jan.

Range
fro m
J a n . 1.

§ c
sq50

B id . A s k . L o w . H igh . No.
Ches & Ohio—(Con.)—
216
82%
84
84 Sale
Gen gold 4% s................1992 M -S
Registered.................. 1992 M -S
104
R & A Div 1st con g 4s. 1989 J - J 103% 100 104
94 May’ 98
2d con g 4s................ 1989 J - J ......... 95
95% May’ 98
Craig Valley 1st g 5 s.. 1940 J - J
95 .......
Warm Spr Val Istg 5 s .l9 4 1 M -S
81
101% 101%
Eliz L ex & B S gu g 53.1902 M -S 100
85
94
113% A pr.’98
89% 89% Chic & Alton sink fd 0s. 1903 M-N 110
Lou. & Mo Riv 1st 7s.. 1900 F - A 108
108
108
53% 07
107% N ov’97
2d 7s...........................1900 M -N 106%
104% M ar’ 97
St L J & C 2d gu 7 s ... .1898 J - J
Miss Riv B 1st sfgO s.. 1912 A - O 104
Chic Burl & Nor. See C B & Q.
118 117% J ’ne’98
95
99% Chic Burl & Q—Con 7 s ..1903 J - J
107 Feb.’ 98
Sinking fund 5s........... 1901 A - O
Debenture 5s................ 1913 M-N 106% 108 106% 106%
112
Convertible 5s.............. 1903 M -S 111 113 111
Iowa Div sink fd 5 s .. .1919 A - O 1 0 7 % ....... 109% Feb.'98
100 118%
4 s ................................. 1919 A -O 1 0 0 % ....... 100% J ’ne’ 98
80 109%
99%
99%
99% Sale
Denv Div 4s..................1922 F - A
99
99
4 s .................................... 1921 M - S
95 108%
90 104
Chic & Iowa Div 5 s ... .1905 F - A
98%
99
97 104%
Nebraska Exten 4 s .... 1927 M-N
97 May’ 98
Registered............... .1927 M -N
103 103%
120
120
Han. & St. Jos con 0s.. 1911 M -S 120
97
97
106% J ’ne’ 98
Chic Bur & Nor 1st 5s. 1920 A - O 100
84
90
Chicago & East Illinois—
116 May’ 98
1st sf cur 6 s ..................1907 J - D 114%
S m all.............................. 1907 J - D
122 Apr.’98
1st con g 6s................... 1934 A -O
108
108 108
General con 1st 5s. ...1 9 3 7 M -N
100% 106% J ’ne’ 98
R e g iste re d ................ 1937 M -N
105 May’98
Chic & Ind C Ry 1st 5 s .1936 J - J
Chicago & Erie. See Erie.
98% 103
Chic Ind & Louisville—
Louisv N A & Ch 1st 0s..’ 10 J - J 1 1 5 % ....... 115% J ’ne’ 98
27
27%
8 7 % ....... ’’ 82 May’98
Chic Ind & L ref g 5 s.. 1947 J - J
9%
104
Refunding g 6s.............1947 J - J 104 Sale 104
105% 105% Chic & Mil. See Ch. & N W.
Chic Milwaukee & St Paul—
121 121
1st 7s $ gold R D .........1902 J - J 1 4 5 % ......... 142 May’98
102% 107%
1st 7s £ gold R D ....1 9 0 2 J - J 1 4 5 % .........
1st Iowa & D 7s........... 1899 J - J 1 4 5 % ........ 140% M ar’ 98
1st C & M 7s................. 1908 J - J 1 4 5 % ......... 141 Apr.’98
Chic Mil & St P con 7s. 1905 J - J 145% 148% 145 May’98
1st I & D E xten 7 s ... . 1908 J - J 1 4 5 % ........ 143 M ay'98
1st Southwest Div 6s. 1909 J - J 1 1 8 % ......... 117% May’98
113 113
110 M a r’98
1st La Crosse & D 5 s.. 1919 J - J
79
89%
120% J ’ne’ 98
1st So Minn Div 6s. ...1 9 1 0 J - J 120% 121
129
129
1st Hast & D Div 7 s... 1910 J - J 129% 131
109 Oct.’ 97
5 s ................................ 1910 J - J
118 M ar’98
Chic & Pac Div 6s....... 1910 J - J 118%
116% 116%
Chic & P W 1st g 5s.... 1921 J - J 110%
112%
116 May’ 98
Chic & Mo Riv Div 5s. 1920 J - J
107 M ar’98
Mineral P oint Div 5s..1910 J - J
112 Apr.’ 98
Chic & L Su Div g 5s.. 1921 J - J 112%
114 J ’ne’98
W is & Minn Div g 5s. .1921 J - J 114
114
___ J ’ne’ 98
Terminal gold 5s.........1914 J - J
104% 100
127% Jan.’ 98
Far & Sou assu g 6 s .. .1924 J - J *115
106% May’9~
Cont sink fund 5s.......1916 J - J *105
127 127
Dak & Gt So g 5s.........1916 J - J 112 114 '1 0 A pr.’ 98
123 123
105% Sale _05% 105%
Gen gold 4s series A . .1989 J - J
105% Feb.’ 9b
Registered.................1989
120 120 M a r’98
Mil & No 1st M L 6 s.. 1910 r . jD
120 J ’ne’ 98
1st co n so l6 s... . . ....1 9 1 3 J - D
Chicago & N orthw estern104% 109
Con 7s............................ 1915 Q - F 142 144 189% J ’ne’ 98
100 109
Gold 7s.......................... 1902 J -D 1 1 3 % ........ 113% J ’ne’98
114 J ’ne'98
Registered..................1902 J -D .........114
Sinking fund 0s.. 1879-1929 A -O .........114% 114% 114%
114
114
Registered.......1879-1929 A -O .........113
105 105
Sinking fund 5s. 1879-1929 A -O 107% 110% 100% May’98
107* 111
109% D e c ’ 97
Registered.......1879-1929 A - O
105 111
Sinking fund deb 5 s .. .1933 M-N 116% Sale 116% 116%
Registered................ .1933 M -N 1 1 5 % ....... 117 M ar’9b
25-year debenture 5 s .. 1909 M -N L08 ....... 108% 109%
109% M ar’98
R e g iste re d ................ 1909 M -N
112 May’98
30-year debenture 5 s.. 1921 A - 0
117% Feb.’98
Registered..................1921 A - 0
Extension 4 s .... 1880-1926 F - A 1 0 4 % ....... 104% J ’ne’ 98
87
93%
Registered.. . . . 1886-1926 F - A 104 105 103 J ’ne’98
114 119%
102
Gen gold 8%s................ 1987 M -N 102 103 102
Registered..................1987 Q -N
84% 92%
107% May’98
Escan & L Sup 1st 0s. .1901 J - J 107%
Des Mo & Minn 1st 7s. 1907 F - A
30
44%
Iowa Midland 1st 8 s ... 1900 A - O
11
15%
102% A pr.’ 98
Chic & Mil 1st 7s.........1898 J - J
5
8%
W inona & St Pet 2d 7S.1907 M -N
92
92
117 Jan.’98
Mil & Mad 1st 6s.........1905 M - S
95% 95%
Ott C F & St P 1st 5 s..1909 M -S 109 . . . . . 109 M ar’ 98
North Illinois 1st 5 s ...1910 M -S 109 ....... 105 A pr.’ 98
104% 104%
M i l L S & W l s t g 6 s.. 19*21 M -N 135% Sale 135% 135%
105% Feb ’ 97
Convertible deb 5 s ..1907 F - A
110% 110%
113% J ’ne’ 98
E xt & Imp s f g 5s.. .1929 F - A
109% 114%
134 M ar’98
Mich Div Istg o ld 0 s .l9 2 4 J - J
108% 114%
133 May’98
M
-S
Ashland
Div
l
s
t
g
0sl925
99% 103%
112 Apr.’ 98
In com es..................... 1911 M -N
90
93
131 May’98
Chic Rock I & Pac 0 s... .1917 J -J
110 110
130% May’ 9S
R e g iste re d ................ 1917 J - J
106% J’ne’ 98
Debenture 5s................ 1921 M -S 106%
R e gistered ................ 1921 M -S
103 103
105%
General gold 4s............1988 J - J 105 Sale 105
103 103
103% May’98
Registered..................1988 J - J
101% 103%
92 Feb ’ 98
90
Des M & Ft D 1st 4 s.. 1905 J - J
70 Feb.’98
70
1st 2% s....................... 1905 J - J
83 M ar’97
Extension 4 s............. 1905 J - J
102% 105
100% 106%
Keok & Des M 1st 5s.. 1923 A - O
100 A p r’ 97
Small................................... A - O
Chic & St L. See A t T & S F,
100% 102
Chic St L & N O. See 111 Cent,
101 101
101 108% Chic St L & Pitts. See Pa Co.
134% J’ne’ 98
Chic St P M & O eon 0 s .. 1930 J - D
132 J’ne’98
Ch S tP & Min 1st 6 s ..1918 M -N
100 102%
Nor W isconsin 1st 0 s..1930 J - J
40
40
130 127 A pr.’ 98
St P & S City 1st g 6 s .1919 A - O
85%
80%
Sale
101% 101% Chic Ter Transfer g 4s ..1947 J - J
106 J’ ne’ 9 '
119% 120% Ch & W est 1 1st s f g 6s. 1919 M -N
118% 118%
General gold 0s..........1932 Q - D
115% 120%
Chic & W estM ich R y Ss.1921 J - D
111 117
Coupons off..................1921
113 114%

A s k . L ow . H igh . No. L ow . H igh

& Chic Jnc. See B&O.
Akron
labama Cent. See Sou Ry.

Street Railways.

P r ic e
F r id a y ,
J u n e 17.

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 n e 1 7 .

1175

113
103
95

139 142
156 100
§110% 114%

G a s S e c u r itie s .
BROOKLYN.
Brooklyn UaGas—N Y St
1st con 5s—N Y Stock
Williamsburg Gas—1st 0s
OTH ER CITIES.
Baltimore Consolidât—Se
Bay State Gas—N Y Stock

Bid.

Ask.

ock E xch.
Exch.
§102 103
Exch.

List.

Boston UnitedGas Bonds- -Bosto ¿L ist
Buffalo City Gas—S to ck .. 24% 2 5 «
1st 5s 1947............ A&O § 90% 92
Burlington (Ia)Gas—Stck
§ And interest. fPriee r.er sh «re, (

1176
Period.

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 n e 17.

|Interest

THE CHRONICLE.—BOND
P nce
Friday,
June 17.
Bid.

Week’s
’S '«
Range or
Last Sale. S i

Ask. Low. H igh. S o. Low. High

Cin H A D con s f 7 s ....1 9 0 5 A -O
119 Oct.’ 97
2d gold 4 * s .................. 1937 J - J
1 0 3 * Oct.’97
Cin D & 1 1st gu g 5 s .. 1941 M -N ! ! ! ! ! ! i b s * 108 J ’ne’ 98
C I S t L A C . See C C C & St L.
Oln 8 & C. See C C C & St L.
City & 8 Ry Balt 1st g 5s. 1922 J - D
Clearfield & Mah. See BRAP.
Cl A k & C eq & 2d g 6 s..1930 F - A
Cl & Can 1st 5s tr rec. ..1917
75
J ’ne’ 98
0 C C & St L—Gen g 4 s..1993 J - D
82
May’98
Cairo Dlv 1st gold 4 s .. 1939 J - J
J ’ne’ 98
St It D lv 1st col trg 4 s .l9 9 0 M -N
9 4 * Saie
34*
Registered..........
1990 M -N
M ar’98
8pr & Col Div ls t g 4s. 1940 M -S
W W Val Div 1st g 4s. 1940 J - J
80
Cin W A M Dlv ls tg 4 s . 1991 J - J
A pr.’ 98
Cin I St L A C l s t g 4s.l936 Q-F
9 9 * May’ 98
90«
R eg istered ................ 1936 Q-F+
Consol 6s....................1920 M -N
Cin S & Cl con ls t g 5S.1928 J
*105
114 Oct.’ 97
Ind B1 & W 1st p f 7 s .. 1900 J - J
1 0 7 * F e b ’ 97
O Ind & W 1st p f 5s... 1938
P eo & East 1st con 4s. 1940 i '- G
7 7 * Sale
77
77*
Incom e 4s................... 1990 A p r
1 6 * 19
17i *
C I C C & I n d l s t s f 7S...1899 M-N ■ 1 0 2 «....... 1 17
0 2 * May 98
Consol 7s.......................1914 J - D •isi*..... 1 3 1 * J ’ne’ 98
Consol sinking fd 7s.. .1914 J - û
General con solgold 6 s.l9 3 4 J - J '127
1 2 7 * May’ 98
R egistered ................ 1934 J - J
CAS 1st M C C C & 17s. 1901 A - O
1 0 7 * Oct.’ 97
Cl L or & Wh con 1st 5s. 1933 A -O
104 103 May’98
Clev A Marietta. See Pa UR.
Clev A Mahon Val g 5s.. 1938 J
R eg istered ................ 1938 Qu-J
Clev A Pitts. See Penn Co.
Colorado MidUtni—
l s t g 2-3-4s ..................1947 J - J
5 7 * 5 9 * 5 9 * J ’ne’ 98
l s t g 4s.......................... 1947 J - J
60 .. .
Col A 9th A v. See Met St Ry.
Colum A Greenv. See So Ry.
C ol H ock Yal A Tol—
C on g 5s...............
1931 M -S
Oct.’ 97
J P M A Co eng cfs $65 pd.
78
General gold 6s............1904 J - D
Feb.’98
General lien gold 4 s ... 1996 J - J
R eg istered ................ 1996 J - J
Col A Cin Md. See B A O .
C ol Conn A Term. See NAW
Conn A Pas Rivs 1st g 4 s.’43 A - 0
T S a k A Gt So. See C M A StP.
I f alias A W aco. SeeM KAT.
C el Lack A Western 7s.. 1907 M -S *123 128 122 Apr. *98
Syr Bing A N Y 1st 7s. 1906 A -O *124
1 2 5 * M ar’98
Morris A Essex 1st 7s. 1914 M -N *137
1 8 7 * May’ 98
7 s ................................. 1900 J - J 105 ....... 109 N ov’97
7 s.......................1871-1901 A -O * 1 0 9 * 1 1 2
110
110
1st con guar 7s.........1915 J - D *187 143 1 4 2 * May’98
R egistered..............1915 J - D
N Y Lack A W 1st 6s. .1921 J - J *136
138 A pr.’ 98
Construction 5s....... 1923 F - A 110
1 1 8 * N ov’ 97
Warren 2 d 7 s . . . . ......... 1900 A -O 105
D el A Hud 1st Pa Div 7s. 1917 M -S *140
143 May’ 98
Registered..................1917 M -S
143 May’ 97
A lb A Sus Istco n g u 7 s l9 0 6 A - O i s i *
1 2 0 * May’ 98
Registered..................1906 A - O
G old 6s.......................1906 A - O
114 May’ 98
Registered.............. 1906 A - O
117 Feb.’ 98
Etens A Sar 1st 7s........ 1921 M-N 140
1 4 8 * A u g’97
R egistered ................ 1921 M -N 140
141 May’98
D el Riv R R Bge. See Pa RR,
Den Con T r Co l s t g 5s..1933 A -O
Den Tram Co con g 68.1910 J - J
Met R y Co l s t g u g 6s. 1911 J - J
D en A R Gr 1st con g 4s. 1936 J - J
95} Sale
95
95«
1st gold 7s..................... 1900 M -N 106}
108 A pr.’98
Im provem ent gold 5s. 1928 J - D
90
91
91
© es M A Ft D. See C R A I P.
© e s M A Minn. See Ch A N W.
© es M Un R y l s t g 5s.. .1917 M -N
; J ’ne’ 98
D etM A T ol. See L S & M So.
D et A Mack ls t lie n g 4s.l995 J - D
Gold 4 s . . . . , ..................1995 J - D
© u l A Iron Range Ist5 s.l9 3 7 A -O
1 0 6 * 106
106
Registered..................... 1937 A -O
2d lien mortgage 6 s ... 1916 J - J
Dul Red W A 8 1st g 5s. 1928 J - J
9 2 * Feb.’98
©ul So Shore A A t g 5s. 1937 J - J *107 1 0 7 * 107 J ’ne’ 98
ast o f Minn. See StPMAM
a s t T Y a A G a . See.So Ry
M iz L ex A B S. See C A O .
Elm Cort A No. SeeLehANY,
E rie 1st ext g 4s..............1947 M -N 1 1 0 * 1 1 3
118 Feb.’98
2d ext gold 5s............... 1919 M -S 116 ....... 1 1 7 * J ’ne’98
8d ext gold 4 * s ........... 1923 M -S U l * ....... 1 1 1 * J ’ne'98
4th ext gold 5s............ 1920, A -O 1 1 5 * ....... 118 J ’ne’ 98
6th ext gold 4s.............1928 J - D 115 ....... 1 0 4 * J ’ne’ 98
1st consol gold 7s....... 1920 M -S
1 4 2 * May’88
1st consol gold fd 7 s .. 1920 M -S
140 May’ 98
l. Long Dock con gold 6s. 1935 A -O
138 1 3 3 * A pr.’98
Buff N Y A Erie 1st 7S.1916 J - D *132
183 J ’ne’98
Buff A S W gold 6 s .. . . 1908 J - J
Small ........................
J -J
Jeff R R 1st gu gold 5s.l909 A-OJ *104
106 Feb.’98
Chic A Erie 1st g 5 s ... 1982 M -N 110
110* 110*
Coal A R R 1st c gu 6S.1922 M -N
111
Dock A Imp 1st cur 6s. 1918 J - J
N Y A Green L gu g 5s. 1946 M -N 1 0 6 * 1 0 7 * 1 0 5 * O ct.’97
Sm all............................
E rie 1st con g 4s pr bds. 1996 J - J
9 2 * Sale
92
92*
Registered..................1996 J - J
1st eon gen lien g S -4s.l9 96 J - J
7 3 * 74
73*
74«
Registered..................1996
- J
N Y 8 A W —1st re f 5s. 1937 J - J 1 0 7 * ib s* 105 May’98
2d gold 4 ^ s ................1937 F -A 1 90
94
90 M ar’ 98
General g 5s...............1940 F - A
90*
92
9 0 * Sale
Term inal 1st g 6s.. . . 1943 M-N H O * ....... 110 A pr.’98
Regis $5,000 each. 1943 M-N
W ilkAEas ls t g u g 5s 194 2 J - D
9 7 * .......
97 J ’ne’ 98
M id R RofN J Istg 6 s i9 1 0 i A - O 118 122 120 J ’ne’ 98
«s ca n A L Sup. See O A N W.

a**

E

* N o price F rid a y; these are latest bid and asked this week.

OUTSIDE SECURITIES
... G a s S e c u r i t i e s .
Bid. Ask.
Charleston (S C) G a s ...25 f ......... 18
Cfiicago Consumers 1st 5s 103 100
Chicago Gas—See N Y Sto ck Ex Cilr
Cincinnati Gas A C ok e...
Jrtty Gas (N orfolk V a ). . . .
Columbus (O) Gas—Stock
1st 5s 1932..............JAJ
Consolidât Gas (Balt) See
Consolld Gas (N J )—Stck
iirf ».■ m ia i
it,




194«
'a ie " 38
98
105
84
87
«1 0 0 * 103
Balt L 1st.
18
21
80
Î6

R ange
fro m .
J a n . 1.

PRICES (5 pages) P a g e

«0
BONDS.
V. §
N .Y . ST O C K E X C H A N G E s c
W e e k E n d in g J u n e 17.

Eureka Springs 1st g 6s. 1933 F - A
8 v 4 T H 1st con 6s.......1921 J - J
107* Ì l i *
1st general gold 5 s .. . . 1942 A - O
Mt Vernon 1st 6s.........1923 A - O
8ull C oB r’ch Istg 5 s ..l9 3 0 A - O
E vA Indlst con gu g 6 s .. 1926 J - J
argo &So. See Ch MA St P.
lint & Pere M g 6 s ....1920 A - O
69* 73*
1st consol gold 5s.......1939 M -N
82
82
P t Huron Div 1st g 5s. 1939 A - O
88
90
Fla Cen & Pen l s t g 5 s ..1918 J - J
90* 98*
1st land gr ext gold 5s. 1930 J - J
90
93
Consol gold 5s...............1943 J - J
Ft S A V B Bge. See StLASF.
80
8 8 * Fort St U D Co 1st g 4 * s 1941 J - J
89
90
Ft W & D C—1st g 4-6s. 1921 J - D
9 8 * 101
Ft W & R io Gr 1st g 3-4s.l928 J - J
Fulton Elev. See Kings Co El.
al Har A S A . See S P Co.
al H AH o f ’82 1st 5s. 1913 A - O
Ga & Ala Ry 1st p f g 5s. 1945 A - O
Ga Car & No 1st gu g 5s. 1929 J - J
70
7 8 « Georgia Pacific. See So Ry.
14
1 7 * Grand Rap & Ind. See Pa Co.
102 1 0 5 *
an & St J. See C B & Q.
131*137
ousatonlc. See NYNH&H.
H o u s t E & W T l s t g 5 s . 1933 M -N
1 2 7 * 1 2 7 * Hous A T ex Cen. See So P Co.
llinois Cent 1st g 4 s ... 1951 J - J
Registered................. 1951 J - J
100 103
Istg o ld 3 * s . . . ............. 1951 J - J
Registered..................1951 J - J
1st gold 3s sterling. . . . 1951 M -S
Registered..................1951 M -S
Coll Trust gold 4s....... 1952 A - O
Registered..................1952 A - O
L N O & T ex gold 4 s .. 1953 M -N
Registered............ .. .1953 M -N
Coll tr 2-10 gold 4 s .... 1904 J - J
Registered..................1904 J - J
W estern Line 1st g 4s. 1951 F - A
R e g iste re d ................ 1951 F - A
7 0 * 82
Cairo Bridge gold 4 s.. 1950 J - D
64
61
R e g iste re d ................ 1950
D
Middle Div reg 5s.......1921 F - A
Chic St L & N O g 5s. .1951 J - D
R e g iste re d ................ 1951 J - D
Mem Div 1st g 4 s ....1 9 5 1 J - D
Registered.............. 1951 J - D
Bellev & Car 1st 6 s .... 1923 J - D
St L Sou l s t g u g 4 s . ..193 M -S
122 128
Carb & S 1st g 4s.........1932 M -S
1 2 5 * 1 2 5 * I n d B l A W . See C C C & St L.
137*144
Ind Dec A W l s t g 5 s ....1935 J - J
Ind 111 & la 1st gold 4s. .1939 J - D
107 1 1 3 *
1st ext gold 5s.............. 1943 M -S
186 1 4 2 * In t & Gt No 1st gold 6s. 1919 M -N
2d gold 5s.......................1909 M -S
138 1 3 8 «
3d gold 4s.......................1921 M -S
Iowa Central 1st gold 5S.1938 J - D
Iowa Midland. See Ch 4 N W
143 143
J e ffe rso n R R . See Erie.

P rice
Friday,
Ju ne 17.

x.

¡ y Qu LXVI.

Week’s
R ange or
L ast Sale.

Ask. Low. High. N o.

Bid.

65 N ov’97
119 May’98
8 6 * May’9S

117

7 7 * Feb.’ 98

F

94
92

89
100

1 1 4 * J ’ne’98
92
92
90
90

R ange
fr o m
Jan. 1.
Low. H ig h
112
82

117
86*

77*
110
85
83

78
117
95
92*

* 9 4 * .........
7 2 * Sale
....... 60

G

91*

93

105 M ar’ 98
105 105
105 65
70*
7.
75
59 May’98
54* 69*
92*
92*
103 A u g’ 97
83 Feb ’ 97

88«

92*

88

88*

H

88*

I

120*125*
110
117

118*
117

141

145

87* 95*
108 1 1 0 *
8 5 * 93
97

104

100

110*

92* 92*
101 107

113 116
116*117*
108 1 1 1 *
113 118
104*105
188 1 4 7 *
140 143
133*139
133 133
106
108

106
113

84*

93

66

75

99 108%
8 4 * 91
83
98
110 111},
9 3 * 101},
114 *1 2 1

*103

106

9 9 * 101

120

88*

88*

115
108*
105
102*

M ar’ 98
J ’ne’ 98
M ar’98
A pr.’ 98

113*115
108* 1 0 8 *
105 105
101 1 0 2 *

100*
103
100*
101
99

May’98
A pr.’98
J ’ne’98
M ar’ 98
Sep.’ 97

100 102
103 103
97*102*
101 101

101

May’98

101

122

120
120
1 1 8 * A p r ’ 97
1 0 2 * 1 0 3 * Jan.’ 98

110*
90
90 ,

90

105

115* 123*
103*108*

N ov’9'

1 0 2 * Sale
87
88

101* 102*
86 Jan.’ 98

97
86

117*
85

118 J’ne’ 98
85
85
58*
58*
1 0 0 * 101

116
78
44
97

128*
90
60
108*

65

81«

101*

59

a l A A G R . S eeL S A M S ,
an A Mich. See Tol & O G
K C & MRAB Is tg u g 5 s .l9 2 9 A -O
K C P & G 1st & col g 5s. 1923 A -O
69 Sale
Kan C & Pac. See M K & T.
Kansas Mid. See St L A S F
Kansas Pac. See Union Pac
Kentucky Cent. See L & N.
Keok & Des M. See C R I & P,
Kings Co El ser A 1st g 5s ’ 25 J - J
Fui El 1st gu g 5s ser A .’ 29 M -S
82*
K noxville & Ohio. See So Ry,
ake Erie & W 1st g5 s.l9 3 7 J - J +115
J 2d gold 5s..................1941 J - J 104 Sale
North Ohio 1st gu 5s. .1945 A - O
103*
Lake Shore & Mich South—
Det Mon & T ol 1st 7s. 1906 F - A
127
Lake Shore divid 7 s .. .1899 A - O
Consol 1st 7s............ 1900 J - J
1 0 8 « .......
R e g iste re d .............1900 Q- JS 1 0 7 * Sale
Consol 2d 7s.............. 1903 J - D 115 .......
Registered.............. 1903 j - D 115 .......
Gold 3 * s ................... 1997 J - D 104 Sale
Registered.............. 1997 J - D
CinASp 1stguL SA M S 7s 01 A - O
K A A G R ls tg u C5S.1938 J - J
Mahon Coal R R ls t 5 s .’84 J - J
Leh Val (Pa) coll g 5s .1997 M -N
R e g iste re d ................... 1997 M -N
L e h V N Y 1st g u g 4 * s . .1940 J - J
103
R e g iste re d ................... 1940 J - J
Leh V Ter R y ls t g u g 5s 1941 A - O
R e g iste re d ................... 1941 A - O
L Y Coal Co 1st gu g 5s.. 1933 J - j
Registered....................1933 J - j
Leh A N Y 1st gu g 4s. ..1945 M - 8 103
Registered..................... 1945 M -S
El C A N l s t g 1st pf6s. 1914 A - O
Gold guar 5s.............. 1914 A - O
Leh A Wilkesb. See Cent NJ.
Leroy A Caney Val. See Mo P.
L ex A v A P F. See Met St Ry.
L itch Car A W l s t g 6 s ..1916 J - j
Little RAMem 1st g 5s 1937
Trust Co certfs.................
Long Dock. See Erie.
Long Island—
1st c o n g 5s................... 1931 Q-JS *119
General gold 4s.......... 1938 J - D
88
Ferry 1st gold 4 * s . . . . 1922 M -S
82
Gold 4 s . . . . ................... 1932 J - D
Debenture gold 5s.......i 934 J - D
N Y A R B l s t g 5 s ....1 9 2 7 M -S
2d inoom e..................1927 S e p
N Y B A M B c o n g 5 s .. 1935 A - O ♦ 10 1 *1 07
Bklyn A Mon 1st g 6s. 1911 M
1st 5s.........................1911 M -S

104
88

K

J

t Bonds due August.

t Bonds due April.

68*

69*

47
M ar’98

50
88

116
104
102

May’ 98
104
J ’ne'98

115
95
100

121
106*
109
107*
115«
115*
104
103
108*

A pr.’ 98
Feb.’98
May’ 98
107*
115*
115«
104*
Mar ’98
D e c ’97

121 121
106 1 0 6 *
107 110
105« 1 09«
1 1 5 «1 2 0 «
115« 119«
102 1 0 6 «
108 105

125

D e o ’ 97

102*

103

107 A pr.’98
1 0 9 * J ’l y ’97
9 2 * M ar’ 98
92

Feb.’98

101

Sep.’9'

117 May’98
89
90
8 6 « A pr.’ 98
100

117*
104«
102

99

104«

tbr* ii2*
92* ”92*
92

92

117 120
8 5 * 90
8 6 « 90

May’97

1 07 * Dec’’ 97

|Bonds due January.

i Bonds due J uly.

(G iven at foot of 7 consecutive pages ).— GAS SECURITIES, i&o

U h» S e c u r itie s .
Bid.
Consum Gas (J C ity)- -Stk 71
1st 6s.......... ........... MAN 100
Detroit Gas— S . NY Stoc k List.
Consol 5s 1918....F A A 8 90
Incom e 5s . \............
90
Denver Consolidated G is
Fort VVayne (Ind)—Stc ,*k 75
1st 6s 1925.............. JAJ
89
Grand Rapids—Stock.......
75
1st 53 1915.............FAA « 99
Hartford (Ct) G a s L ...25 t 42
Indiana NatA 111 Gas—Stk
57
lot 6« 1908 .. .
M il
•»o

Ask.
78
102 *
93
95
80
91
79
102
45
62
75

Bid.
t in * « e c u H t ie s .
Indianapolis Gas—Stock. 115
1st 6s 1920.............MAN 104
Jersey City Gas L ig h t... . 190
Laclede Gas—N Y Stock Exch.
Lafayette (Ind) Gas—Stk
77
1st 6s 1924.............MAN
87*
Loganspt A Wab Val—Stk 58
1st 6s 1925 ............ JAD
70
Louisville Gas L ig h t....... .
Madison (V7ls) Gas—Stck
56
1st 6s 1 9 ,5 ........ ...A A O « 97
Memphis Gas....................
Mi on Gas 6» 1910... .MAS «100

Ask.
125
106
80
90
62
73
90
60
100
103

(la *
i Bid.
New Orleans Gao l.iaui
105*
Ohio A Indiana—Stock.
54
1st 6s 1926 ............ JAD
68
Peoples Gas A Coke—N Y Stock
Philadelphia C o ........... 50 t ........
Pittsburg Gas................50 tl3 5
Portland (Me) Gas L...50 t 85
St Joseph (M o ).................
33
' 5s 1 9 3 7 ................. JAJ
85
St Paul Gas—Stock..........
37
Consol 5s 1944 . . . , MAS 76
Syracuse Gas—Stock.......
15*
8And interest. +Price jwmp nh

Ask.
no*

57
71
Exch
90
37
90
42
79
17*
ar*

BONDS.

t «
W .Y . S T O C K E X C H A N G E •2 £
W e e k E n d in g J d n e 1 7 .

P r ic e
F r id a y ,
J u n e 17.
B id .

W eeks
R ange or
L a s t Sale.

A s k . L ow . H igh . N o.

»

OUTSIDE SECURITIES




86
List.
Stock
Stock
104
56«
104
teck E
115
71

89

Exch
Kxch
105
59
106
xch
118
7«

I
1

L ow .H igh.

P r ic e

BONDS.

F riday,
J u n e 17.

W e e k E n d in g J u n e 17.

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

2
5 ©

R ange
fr o m
Jan. 1.

A s k . L ow . H ig h . No Low.High,
Morgan’s La A T. See S P Co.
Morris A Essex. See Del LAW
128 1 8 1 «
1 3 1 « May’ 98
ash Chat A S tL 1st 7 s .’ 18 J - J
2d 6 s.......................1901 J - J ■103 106 105% N ov’ 97
100 105
1st con gold 5s.............1928 A -O 1 0 2 « Sale 1 0 2 « 1 0 2 «
1st 6s T A P b ...............1917 J - J
■
1
1
0
J
J
1st 6s McM M W A A l. 1917
1st gold 6s Jasper Bch.1928 J - J ‘ 110
Nash Flor A Shef. See L A N
N e w H A D . SeeN Y N H A H
N J June R R. See N Y Cent.
N J Southern. See Cent N J.
N ew A C inB dge. See Penn Co
S O A N E prior lien g 6s. 1915 A-OT
N Y B A Man Bch. See L I.
N Y Bay E xten RR. See L I.
N Y Cent A H ud R—
1 1 3 « 118
1st 7s..............................1903 J-J 119 ......... 118 May’ 98
1 1 3 « 119
R egistered................ 1903 J-J 1 1 8 « ......... 119 J ’ne’98
106 112
1
1
0
«
1
1
0
«
1
1
0
«
1
1
0
«
MS
Debenture 5s o f. 1884-1904
106 1 1 1 «
0 9 « May’ 98
Registered ....1 8 8 4-1 9 04 M -S 110
1 0 9 « Sep.’ 9~
R eg deb 5s o f .. . 1889-1904 M -S 110
102 105
04
104
1
0
4
«
.
.
.
.
.
.
Debenture g 4 s .. 1890-1905 J - D
1 04 «1 0 4 «
Registered.......1800-1905 J - D 104 ......... 1 0 4 « Feb.’ 98
100« 105«
Debt certs ext g 4 s ... .190 M -N 1 0 4 « ......... 1 0 5 « May’ 98
104 105
Registered..................1905 M -N 1 0 4 « 105 104 M ar’ 98
G 8 « s ..............................199^ J - J 1 0 6 « .........
J
J
Registered.........199
1 07 «1 0 9 «
Harlem 1st 7s...............1900 M -N 1 0 7 « 108 1 0 7 « 1 0 7 «
1 0 7 «1 0 9 «
R egistered................. 1900 M -N 1 0 7 « lu 8 1 0 7 « J’ne’ 98
103
May’9~
♦100
106
N J June R gu 1st 4s .1986 F - A
R egistered .................1986 F - A
102« 110«
W est Shore 1st 4s g u .2861 J-J 1 0 8 « 110 1 0 8 « 1 0 8 «
1 0 1 « llj>
R egistered................. 2361 J - J 107 ....... 1 0 8 « J ’ne’ 98
1 0 8 « N ov’ 97
Beech Crk l s t g u g 4s. 1936 J - J
106 106
106
106
106
Sale
J
J
R egistered................. 1936
2d gu gold 5s.............1036 J - J
Registered..................1936 J - J
Clearfield Bitum Coal Corp
l s t s f i n t g u g 4 s s e r A .’40 J-J
Small bonds series B . . ’40 J-J
Gouv A Oswe 1st gu g 5s.’4 2 J - D
1 1 9 « 123
121
121
R W A O gcon ls t e x t 5 s .’ 22 A-O* 121
Nor A Mont 1st gu g 5 s.’ 16 A - O
R W A O T R I s t g u g 5 s .l 8 M -N
Oswe A R 2d g u g 5 s ..1915 F-A§
1 0 7 « J ’ne’9 1
Utica A Blk Riv gu g 4 s.’ 22 J - J
Moh A Mai 1st gu g4s.l991 M -S
J
D
Cart A A d l s t g u g 4s. 1981
N Y A Put 1st con gu g 4s.’98 A - O
1 2 3 « 126
N Y A North l s t g 5s. .192 A - O 122 124 1 2 8 « J’ne’ 98
100 1 0 7 «
N Y Chic A S tL l s t g 4 s.l98 A - O .........1 0 4 « 1 0 8 « 104
104 104
104 A pr.’ 98
R egistered.............. ...1 9 8 7 A - O
N Y A Greenw Lake. See Erie
N Y A Har. See N Y C A Hud.
N Y Lack A W . S e e D L A W
N Y L E A W . See Erie.
N Y A Man Bch. See Long Is.
N Y A N E . See N Y N H A H
1 0 4 « Oct.’ 97
N Y N H A Hart ls t r e g 4 s .’ 0S J - D
145 1 5 7 «
160 1 5 7 « 1 5 7 «
Convert deb certs $1,000 .. A - O
145 153
153 J ’ne’98
Small certfs $ 1 0 0 ............
1
2
5
«
Feb
’9
H ousatonic R con g 5s. 1937 M -N *120 « ......
N H A Derby con 5 s. ..1918 M -N
119 119
128 119 Feb.’ 98
N Y A N E 1st 7s........ 1905 J - J
116 114 May’ 91
1st 6s.........................1905 J - J
N Y A North. See N Y C A H.
106 109
N Y O A W con l s t g 5s. 1939 J - D 106 1 0 6 « 1 0 6 « 1 0 6 «
96 102
9 9 « 9 0 « J ’ne’ 98
99
Refunding 1st g 4s. ...1 9 9 2 M-SI
M-Sl
Regis $5,000 o n ly ... 1992
N Y A Put. See N Y C A H.
N Y A R B. See Long ltd.
N Y S A W . See Erie.
N Y T ex A M. See So P ac Co.
North Illinois. See Chi A NW .
North Ohio. See L Erie A W.
Northern Pacific—
1 1 7 « J’ne’ 98
♦115 116
Gen 1st R R A L G s f g 6 s.’ 21
115 117 116 J ’ne’98
Registered..................1921
♦ 1 2 7 « ....... 124 J ’ne’ 98
St P A N P gen g 6s. ..1923
124« 124«
Registered ctfs .........1928
96«
97
97 Sale
Prior lien r A 1 g g 4 s.. 1997
9 8 « May’ 98
Registered..................1997
61«
6 2 « 203
6 1 « Sale
General lien g 3s.........2047
R e g iste re d ................ 2047
104 1 1 3 «
1
18«
1
1
2
«
112
Nor Pac Ter Co 1st g 6S.1983
Nor Ry Cal. See Cent Pac.
N orW is. See C St P M A O .
105 105
105 M ar’ 98
Nor A South 1st g 5 s .¿..1941 M -N 102
120 1 2 5 «
1 2 0 « J’ne’ 98
Nor A W est gen g 6 s ....1931 M -N *120
*
118 118
M
a
r’
98
118
A
O
New River 1st g 6 s .... 1982
117 1 1 9 «
117 Feb.’ 98
Imprvmt A ext g 6 s ... 1934 F - A
101
C C A T l s t g u g 5 s ....1022 J -J *103
82
J
’ne’
98
90
se1
1
87
Scio VAN E Istg u g 4 s.l9 8 0 M -N
74«
82
82
81«
80
N A W R y 1st con g 4s. 1996 A - O
Registered ................ 1996 A - O
Sm all.......... ...............1996 A - O
Nor A Mont. See N.Y.Cent.
g A L Ch 1st con 6 s..1920 A - O
Incom e..................... 1920 A - O
” ”
Incom e small.......... - .......... A - O
O I n d A W . See C C C A St L.
....................
Ohio A Miss. See BAO SW .
102 102
102 Jan.’98
Ohio River R R 1st g 5S..1936 J - D
....
General gold 5s............1987 A - O
.......
**80“
’ 82* J’ne’98
Ohio Southern 1st g 6 s..1921 J - D
10
11
1 4 « Feb.’ 98
10
5
General gold 4s............1921 M -N
10
10 J’ne’ 98
Eng Tr Co certfs...............
li* *
8/3
76
78 J ’ne’ 98
80
78
O m A S tL l s t g 4s.........1901 J - J
Ore A Cal. See So P ac Co.
109 1 0 9 «
109 M ar’98
Oregon Imp Co 1st g 6s. 1910 J - D
14 1 0 0 « 1 1 4
114
i l 5 ......... 114
Eng Trust Co ctfs o f dep.
Stamped int pd to D ec 1 ’ 9
3 2 « A ug’ 97 •••• ....... . m m m
Con gold 5s....................1939 A - O
59
6 1 « 70 4 9 « 6 3 «
5 8 « 60
Con Tr Go re cfs all inst pd..
5 111 116
118
115
O reRy A N a v ls t s f g 68.1909 J-J 115
07
9 5 « 12 89
9 4 « 9 5 « 05
Ore R R A Nav con g 4 s.. 1946 J - D
12
118 1 2 7 «
1
2
6
«
126
Ore Short Line 1st g 6s. 1922 F - A 1 2 6 « Sale
6 121 121
121
121
Utah A Nor 1st 7 s....... 1908 J - J 118
1 9 2 6 I J -J 100 ......... 102 Mfly’ 97 . . . . ......... MIMI
Gold 5s.
B id,

N

32

86

1 20 «1 2 4 «
107 1 0 7 «
113 117
1 16 «1 2 0 «

2
"54

94 i b i
1 0 0 «1 0 4 «
83
91«
9 6 « 109
1 01 «1 0 8 «
108 108
8 7 « 95
85
91
103 103
103

109

4 90
98«
7 1 14 «1 1 9 «
101 105
. . . . ...................
24 1 0 8 « 1 1 6 «
114« 122«
ï i é ” 123«
117' 1 2 3 «
"e s ” ”8 6 «

” 48 ” 7 0 « ’ Ve”

nò
il 5 «
1 02 «1 0 6 «
122 123
121 127
1 25 «1 2 5 «
•••* 106 106
108 108

«« ......
.....

« ....

«

«

«

7 i 'o b « 1 0 8 «

” ” !! ! ! ! ! ”
260
182
18

82«
57
83«
80
71
75

91«
67«
83«
85«
75«
84«

*Vs ” 9 8 « ” 9 9 «
64 93 1 0 1 «
6 1 08 «1 1 0
12 6 5 « 7 9 «
“eb” ”7 2 «
i'o b ’ 106 ”
1 05 «1 0 7 «
....

107« i i b «
102« 106«
102 108
95
i'oo 86
03«
8 86

....

*N o price Friday; these are latest bid and asked this week,

Bid. Ask.

Range
fr o m
J a n . 1.

i s
©5
pq'e

Long Island (Con.)
Nor Shb ls t c o n g g u 5 s ..’ 32 - o
J
N Y Bay Ex K ls t g u g 5s’ 48
Montauk Ex gu g 5s. ..1945 J - J
La & Mo Kiy. See Chi & Alt.
L E A S tL C o a .c n g 5 s .1 9 3 9 . (
86 J ’ne’ 98
33
36
Tr Co certs......................... ..
General gold 4s............1043 M-8 |^¿M ••••••
106 N ov’ 97
Lon & Nash—CecelBr 7s 1007 JH-S
N O A M l s t g 6s.........1030 J - J *122 125 1 2 4 « May’98
2d gold 6s................... 1030 J - J 107 ......... 107 J ’ne’ 98
113 A pr.’98
D *.........117
E H & Nash l s t g 6 s ...1010
General gold 6s............1030 J - D .........1 1 7 « 118 J ’ne’98
1 0 3 « Sep.’97
Pensacola div gold 6s. 1020 M -8
121 J ’ly ’ 97
S tL div l s t g 6s.......... 1021 M -8
M
-8
2d gold 3s................... 1080
Nash A Dec 1st 7 s .....1 0 0 0 J - J 105 . . . . . . 110 D e c ’97
Sink id (8 A A ) g 6 s .... 1010 A - O
100
S A N A con gu g 5 s .. . . 1036 F -A 100 Sale 100
Gold 5s.......................... 1987 M-N to o 104 103 May’ 98
9
0
«
90«
J
J
90
9
0
«
Unified g 4 s . .............. .1040
Registered................. 1040 J - J
Pens & A tl I s tg u g 6 s .l9 2 1 F- A 1 0 1 « ......... 1 0 0 « J ’ne’ 98
Coll trust g 5s.............. 1031 M -N 100 104 103 J ’ne’ 98
L A N A M A M lstg 4 « s .l 9 4 5 M- S 109 ......... 108 May’98
9 4 « J ’ne’98
N Fla A S ls t g u g 5s ..1937 F - A ......... 94
....... 85 Apr.’ 98
91
Kentucky Cent g 4 s ...1087 J - J
L C in A L e x g 4 « s . ... l 9 3 1 M -N 1 1 0 « 1 1 8 « 103 Jan.’98
L A Jeff Bge Co gu g 4s. 1045 M -S
L N A A C. See C 1 A L.
Louis B y Co ls tc o n g5s.l03O J - J 113 ......... 109 M ar’ 98
A 1 ahon Coal. See L S A M S.
95
9 4 « 9 5 « 95
i l l anhattan Ry con 4s. 1000 A - 0
119
Metropol El 1st g 6s.. .1008 J - J 119 Sale 119
2d 6s............................1800 M -N 102 ......... 1 0 2 « J ’ne’ 98
Man S W Colonlz g 5 s ... 1934 J - D
Market St C By 1st g 6 s .l9 l8 J - J
M cK ’p t A B Y . SeeP McKAY
Metropolitan El. See Man By
113«
Met St B y gen o tr g 5s.. 1997 F-A .........1 1 3 « 113
B w a y& lth A ylstc g 5s. 1943 J - D 1 1 8 « 120 1 1 8 « J ’ne’ 98
J
D
R eg:s to r e d ................ 1948
! ” ! ” Í20 120 J ’ne’ 98
C olA 9thA v Istg u g 5 s .l0 9 8 MRegistered .................1998 M- S
L ex A t A P F 1st gu g 5s.’ 93 M- S m « : : : : : : 12Ó' ' J ’ne’ 98
Regis e r e d ........................ M -S ♦.........118
68 A pr.’98
M ex C m con gold 4 s ...1911 J - J
| ilst con Income g 8 s ... 1989 J ’lyt
■ 2d con Income g 8s. . . . 1989 J ’ lyt
Equip A coll g 5s.........191 A - O
’ V s«
M ex Internat 1st con g 4s.'7 M -S ♦’ V s " ” ” ” " i s "
M ex Nat 1st gold 6s.......192 J-D *.........1 0 5 «
2d Inc 6s A Cp stmpd. 191 M-S*
13 J ’l y ’97
2d Income gold 6s B ..191 An.*
97 Feb ’97
Mex North 1st gold 6s. .1910 J - D
R egistered ................... 1910 J - D
Mich Cent—1st con 7 s ..1902 M -N 1 1 0 « ....... 112 J ’r e ’ 98
1st con 5s.......... .......... 1902 M -N 104 ........ 1 0 2 « May’ 98
122 Feb.’98
6s..................
1909 M - S
121 A pr.’98
5s.................................... 1931 M -8
1 2 5 « Jan.’ 98
R egistered ................ 1931
106 Feb.’98
4s.................................... 1940
R egistered................ 1940 J - J . . . . . . . . . . . . 108 Jan.’98
Bat C A Stur 1st gu g 8s '89 J - D
Mid o f N J. See N Y Sus A W
Mil Elec Ry A Light consol
80-yr g 5 s ..................... 1026 F - A
M L 8 A W . See CMc A N W
Mil A Mad. See CMc A N W
Mil A North. S eeC b M A S tP
Mil A St P. See Ch M A St P
Mtn A St L gu. See b C R A N
Minn A St L—1st g 7s .. 192T| J -D 189 146 148 J ’l y ’ 97
1st cons gold 5s...........1934 M -N 106 107 1 0 6 « 107
127 N ov’ 97
Iowa ex 1st gold 7 s ... 1909 J -D
South W est ex 1st g 7 s .’ 10 J -D
itt 125 1 2 1 « A ug’ 97
Pacific ex 1st gold 6s .1021 A - O
M A P 1st 5s st 48 int gu..'36 J - J
M 88M AA 1st g 4s int g u .’ 26 J - J ....................
::::::
::::::
M StPASSM con g 4s int gu’38 J -J
Minn St Ry ls t c o n g 5s 1919 J - J
Minn Cn. See St P M A M.
86«
87«
8 7 « Sale
Mo Kan A Tex—1st g 4s. 1090 J -D
63 Sale
62«
68«
2d gold 4s..................... 1000 F -A
8 3 « Jan.’ 0n
1st exten gold 5s.........1944 M-N ......... 88
82
82« 81«
82«
M K A T o f T l s t g u g 5 s .’ 42 M - S
K O A Pac l s t g 4 s . ...1990 F - A * 72 ......... 73 J ’n e’ 98
80 May’ 98
Dal A W a 1st gu g 5s. 1940 M -N
B oon ev B d g C og u g 7 s ..’ 06 M -Ï
Tebo A Neosho 1st 7 s.1908 J -D
9 8 « Sale "98** ” 9 8 «
M o K A K l s t g u g 5 s ...1942 A - O
Mo Pac—1st con g 6s. ..1920 M -N 101 Sale 1 0 0 « 1 0 1 «
8 d 7 s .............................. 1906 M-N * 1 0 8 « ......... 1 0 8 « 110
78
78«
T ru stg 5s..................... 1017 M-St ♦......... 78
R egistered. ............... 1917 M-8t
7 2 " J ’ne’ 98
73
1st coll g o l d 's .............1920 F- A
R egistered............... 1920 F - A
Pac R o f Mo l s t e x g 4 s .’ 38 F - A r r r r r r îô s « 1 0 3 « J ’n e’ 98
1 0 7 « J ne’98
2d extended gold 5s. 1988 J - J *.........109
Verd V I A W 1st g 5 s ..’ 26 M
Leroy A C V A L 1st g 5s ’ 26 J - J ....................
i'o'á” May’98
S tL A I Mt 1st ext g 4 « s .’ 4‘ F-AS
2d ext g 5s................ 194 M -N 1 0 5 « 1 0 6 « 1 0 6 « J ’ne’ 98
Ark Branch e x t g 5 s.1935 J -D 105 ......... 1 0 4 « A pr.’ 98
94«
94«
9 4 « Sale
Gen con ry A Id grt g 5s ’3I A - O
92
92
92 Sale
Gen corf stamp gtd g 5s ’ 3 A - O
Miss R iv Bdge. See Chic A A lt
M obA B irm p riorlien g 5s.’ 45 J - J
Small.................................. J - J
Incom e gold 4 s ...........1945 J - J ....................
Small.............................
120
Mob A Ohio new gold 6 s ..’27 J - D *120 ......... 120
119 D e c ’ 97
1st extension gold 6s. 1927 Q -J*
77
78
77 Sale
General gold 4s........... 1938 M -S
98
98«
9 8 « Sale
Montgom Div 1st g 5s. 1947 F - A
St L A Cairo gu g 4s ..1931 J - J
Mohawk A Med. See N Y O A H
Monongahela Riv. See B A O
M ont Cent. See St P M A M.
Montauk Ext. See Long Is.

Gam S e c n r lt ir w .
lyracuse Gas—(Con.)
1st 5s 1946..............JAJ
Vest era Gasi Milw)—Btck
6„—See. N Y Stock Exch
T e le s . A T e le p h .
American Disi Tele—NY
Inierican Tel A Cab—NY
lenirai A South A m er....
Jhes A Poto Telepb—Stk
Bond 5s...........................
JOTOinereial Cable—N Y S
loiwitier Dillon Tel (N Y).

1I77L

THE C H R O N IC L E .—BOND PKICES (5 pages) Page 3.

J une 18, 1898.]

.................. .
4 118 «1 8 8

47
24

70
97«

80«
98«

IS*

O

t Bonds due Jan.

"si"

* Bonds due J uly.

(B on d s due June.

(G i v e n a t foot of 7 c o n s e c u t iv e p a g e s ) . —

Teleg. Sc Ti leph.
Erie Teieg A Teleph—NY
Franklin.......... .
Gold A S tock ....................
Bonds..............................
Hudson River Telephone
Interaktion Ocean.
Mexican Telegraph,
Mexican Telephone.... 10
New Eng Telep—See Bost
Northwe- tern Telegraph
N Y A N J T elep h on e...
5s 1920 ................... JAJ
Pacini * Atlantic

Bid.
©lock
40
ito
90
75
108
190

Ask.
Exch

76
ill
200
•65

on list
110
147 i'48
109
ftñ
72

I Bonds due May.

B on d s due Nov.

TEL. & ELECTRIC, Ac.

T e l e g . Sc T e l e p h .
Southern A A tlantic.........
W est’n Union Teleg—N Y

Bld. Ask.
85
Stock E xch

Bid. A sk. '
E l e c t r i c C o m p a n ie «
#•##•♦*
East End Electric Light..
Electro-Pneumatic...... .
1«
1«
4 J
Fort Wayne Elec. Co ..25 t 8

E l e c t r i c C o m p a n ie n .
Allegheny Co Light C o ...
Brush Electric C o............
Br’ dgprt 'C O El Lt Co.25
Consol Electric S torage..
Eddy Electric Mfg Co..25
Edison El 111 Co NY—N Y
Edison El 111 Co Brk—N Y
Edison Ore Milling C o....
Edison Storage Co .........

127
41
t 38
22
20
t ......... 18
8tock Exch
Stock Excb
18
10
25
23

General Electric Co—N Y
Do pref.—See Boston I.
H artford (Ct) Elec LI Co.
H artf’d(Ct) Lt APowCo25
Mo Edison E ie C tn c .......
Do p ielerred .................
Narragan. (P rov)E l Co.50
New Hav (Ctl Elec L t Co
t P n ce per share.

....

Stock Exch
ist.
125 iȏ**
11
t 6
17«
14
43
47^
t 83«
165
•.......

1178

THE C H R O N IC L E .—BOND DEICES (5 pages) Page 4.

BONDS.
N .Y . S T O C K E X C H A N G E •St
W e e k E n d in g J u n e 17.

P rice
F riday,
June 17.

Bid
Ask.
Ore Sh L—1st con g 5s... 1946 J - J
107 «
Non-cum iuc A 5s....... 1946 Sep.
74
Non-cu Inc B & col tr..l9 4 6 Oct.
54
Oswego & Rome. See N Y C
O O F & St P. See C & N W
ac o f Missouri. See Mo Pac
marna s i s ’ bsidy g 6s. 1910 M -N
Pennsylvania Co—
Penn Co gu 1st g 4 « s .l9 2 1 J - J
Registered..................1921 J - J
Gtd 3 « s col trustreg.1937 M -S
P C C & St I. con gu g 4 « s —
Series A .......................1940 A -O 111
Series B g u a r............. 1942 A - O 111
Series C g u a r.............1942 M -N •108
Series D 4s gu ar........1945 M -N ‘ 1 0 *
Pitts Cin & S tL 1st 7s.l900 F -A
R egistered.................. 1900 F - A
Pitts Ft W & C 1st 7s. 1912 J - J
2d 7 s...............
1912 J - J
Sd 7s............................ 1912 A-O*
<3 St li & P 1st con g 5s. 1932 A -O
Registered \............... 1932 A -O
<31ev & Pitts co n s f 7s. 1900 M -N 107 ...
Gen g u g 4 Josser’s A. 1942 J - J * 1 1 4 « 1 1 8 «
Series B....................1942 A -O * 1 1 4 « ...
• G rR & Ie x ls tg u g 4 «s .l9 4 1 J - J
A llegh Val g e n g u g 4s.l942 M -S
N & C B dgegen gu g 4 « s . ’ 45 J - J
Pennsylvania R R Co—
1st real estate g 4s. . . . 1923 M -N
Con sterling g 6s.........1905 J - J
Con currency 6s reg.. .1905 Q-Mt
Con g 5s.........................1919 M- S
Registered.................. 1919 Q - S
Con g 4s.........................1943 M -N
CH & Mar 1st gu g 4 « s .l9 3 5 M -N
UN J R R & C a n gen 4s. 1944 M -S
D R RR& Bge 1st gu 4s g. ’36 F - A
Pensacola & At. See L & Nash
Peo D ec& E ls t g 6s tr rec.’ 20 J - J
97
Evans Div ls t g 6 s t r r e c .’ 20 M -S
96
2d g 5s tr ree 1st pd.,1926 M -N
20
Peo & East. See C C C & St L
P eo & P e k U n ls tg 6 s ... 1921 Q - F 121
2d g 4 « s ..............Feb., 1921 M -N
85
Pine Creek reg guar 6 s.. 1932 J - D
Pitts Cin & St L. See Penn Co.
P C C & St L. See Penn Co.
Pitts Clev & Tol 1st g 6 s.. 1922 A -O
Pitts & Connellsv. See B & O.
Pitts Ft W & Ch. See Penn Co.
Pitts June 1st g 6 s .. . . . .1922 J - J
Pitts & L Erie—2d g 5s .. 1928 A-Ot
Pitts M cK& Yo—ls t g u 6 s .’ 32 J - J
2d guar 6s..................... 1934 J - J
M cKee & B V 1st g 6 s .1918 J - J
Pitts P & F 1st g 5s.......1916 J - J
Pitts Sh & L E 1st g 5 s .. 1940 A -O 1 0 6 « 1 0 8 «
1st consol gold 5s....... 1943 J - J
Pitts & W est 1st g 4 s ... 1917 J - J
86
86
Gold 5 s................ 1891-1941 M -N
38 .........
Pitts Y & Ash lstco n 5 s l9 2 7 . M -N
eadlng Co gen g 4 s... 1997 J - J
8 5 « Sale
Registered ............ 1997 J - J
Rensselaer & Sar. See D & H.
Rich & Dan. See South Ry.
R io Gr W est 1st g 4s. ...1 9 3 9 J - J
87« 87«
R io Gr June 1st gu g 5s. 1939 J - D ........ 92
Rio Gr So 1st g 3-4s........1940 J - J
6 2 « ....
Roch & Pitts. See B R & P.
Rome W at &Og. See NY Cent
alt Lake C l s t g s f 6s.’ 08-18 J - J
t Jo&G I 1 stg 2-3 4 s ..1947 J - J
80 Sale
S tL A & T H . See Illinois Cent.
St L & Cai. See Mob & Ohio.
St L & Iron Mount. See M P.
St L Jack & Chi. See Ch&Alt.
St L K C & N. See Wabash.
St L M Br. See T R R A o f StL
St Louis & San Franclsoo—
2d gold 6s Class A . ...1 9 0 6 M -N
115«
2d gold 6s C la s sB ....,1 9 0 6 M -N
115«
2d gold 6s ClassC....... 1906 M -N
115«
1st g 6s Pierce C & 0..1 9 1 9 F - A
General gold 6s........... 1931 J - J 120 120 «
General gold 5s............1931 J - J 1 0 5 « Sale
1st trust gold 5s.......... 1987 A -O * 97 .........
F t S & V B B d g ls t g 6 s .l9 1 0 A - O 1 0 6 « .........
Kansas Mid l s t g 4 s ... 1937 J - D
St L & S F R R g 4 s ....1 9 9 6 J - J
78 Sale
Southw Div 1st g 5s... 1947 A -O
» 3 « .......
S tL So. See S t L A & T H .
St L 8 W 1st g 4s b d cfs.1989 M -N
7 6 « Sale
2d g 4s ino bond ct fs .. 1989 J -J 8
3 0 « Sale
St Paul City Cab. c g 5s. 1937 J - J
Guaranteed gold 5 s . ..1937 J - J
St Paul & Duluth 1st 5s.l931 F - A 115 120
2d 5s...............................1917 A -O 105 107
St Paul M & M 2d 6s. ...1 9 0 9 A - O
121
Dakota ext gold 6 s .... 1910 M -N 120« ....
1st consol gold 6s....... 1933 J - J 129 134
R eg istered ................ 1933 J - J
Reduced to gold 4 « s 1933 J - J 1 0 7 «
Registered...............1933 J - J
M ont E xt 1st gold 4s. .1937 J - D
Registered.................. 1937 J - D
Minn Union 1st g 6s. ..1922 J - J
M ont C 1st gu g 6 s ... .1937 J - J 130
R eg istered ................ 1937 J - J
1st guar gold 5s....... 1937 J - J 110 *
R egistered ................. 1937 J - J
B Minn 1st div 1st g 5s. 1908 A - O
R egistered................. 1908 A - O
W i ll * S F l s t g 5 s .... 1938 J - D
R egistered................. 1938 J - D
St P & Nor Pac. See Nor Pac
StP & S’x City. See C StP M&O
S A & A P. See So Pac. Co.
S F & N P l s t s f g 5 s . ..1919 J - J ♦103 .........

F

«

K

S

..... «

Week’s
R ange or
L ast Sale.

R ange
from.
Jan. 1.

L ow . H ig h . N o. L ow . H igh
1 0 6 « 1 0 6 « 18 96 1 0 6 « Sav F & V 1st con g 6s. 1934 A - O
73«
7 4 « 27 58
74«
l s t g 5s.......................... 1934 A - O
54
53«
5 3 « 20 39
Scioto V al& N E . See Nor & W
Seab & R oa 1st 5s.......... 1926 J - J
Sea & B Bdge. See Bklyn El.
Sod Bay & So l s t g 5 s ... 1924 J - J
So Car & Ga 1st g 5s___ 1919 M -N
Southern Pacific C o 112
112
Gal Har &S A 1st g 6s.l910 F - A
1 1 2 « D e c ’97
2d g 7s.........................1905 J - D
M ex & Pac div l s t g 5s.’ 31 M -N
Hous & T O 1st W & N 7s.’ 0.3 J - J
1 1 0 « J ’ne’98
1 0 9 « 113
1st g 5s int g td .........1937 J - J
111« 111«
108 113
C o n g 6s int g t d ....... 1912 A -O
Gen g 4s int g td .......1921 A - O
102 Oct.’ 97
Morgan’s L a & T ls t g 6 s .’ 20 J - J
108 J ’ne’ 98
1 0 6 « 108
1st 7s.......................... 1918 A - O
1 0 9 « A p r’9
N Y T & M exgu ls t g 4 s.’ 1 A - O
140 May’ 98
140 1 4 0 «
Ore & Cal 1st gtd g 5s. 192. J - J
140 May’ 98
140 140
S A & A Pass 1st g u g 4 s.’ 43 J - J
T ex & N O 1st 7 s.........1905 F - A
1 1 2 « A p r’ 97
Sabine div 1st g 6s. .1912 M -S
Con g 5 s . ....................1943 J 107* ’ May’ 98
S o P o f A rgu l s t g 6 s .’ 09-10 J - J I
S P o f Cal 1st g 6 s.’ 05-12 A - O
1st con guar g 5s. .1937 M -N
A & N W 1st g u g 5s.l941 J - J
102 N ov’ 97
S P Coast 1st gu g 4 s.. 1937 J - J
S Pac o f N Mex 1st g 6 s .’ l l J - J
Southern Railway—
108 May’ 97
1st con g 5 s ....................1994 J - J
R egistered................. 1994 J - J
E Ten reor lien g 4-5s.l938 M -S
R egistered. . . » ..........1938 M -S
Ala Cen R 1st g 6 s ... . 1918 J - J
A tl & Ch A ir Line inc.1900 A - O
Col & Greenv 1st 5-6S.1916 J - J
1 1 5 « Feb.’ 98
1 15 «1 1 5 «
E T Va & Ga 1st 7 s ... .1900 J - J
Divisional g 5s......... 1930 J - J
Con 1st g 5s...............1956 M -N
98 May’ 98
95 1 0 0 «
Ga Pac Ry l s t g 5-6S..1922 J - J
98 May’ 98
96
96
K nox & Ohio 1st g 6s .1925 J - J
1 8 « J ’ne’ 98
15
18«
Rich & Dan con g 6s. .1915 J - J
Equip sink fund g 5s. 1909 M- S
120 May’ 98
120 120
Deb 5s stam ped.......1927 A - O
8 5 « May’ 98
85« 86«
Virginia Mid gen 5 s ... 1936 M -N
137 N ov’ 97
Gtd stamped.......... 1936 M -N
W O & W 1st cy gu 4s.l924 F - A
W est N C 1st con g 6s.l914 I - J
8 & N Ala. See L & N.
Spok & Palouse. See Nor Pac.
Stat Isl Ry 1st gu g 4 « s .l9 4 3 J - D
Sunb & L e w is tn lstg 4s. 1936 J - J
Syra Bing & N Y. See DL&W.
rP e r A o f St L l s t g 4 « s . ’ 39 A -O
L 1st con gold 5s.l894-1944 F - A
St L M B g e T e r g u g 5 s.l9 8 0 A -O
Terre Haute Elec Ry g 6s.’ 14 Q -J*
1 0 7 « J ’ne’ 98
Tex & N O. See So Pac Co.
98 J ’ly ’97
l ’ex&P Ry E div ls t g 6s.l905 M - S
86
86
76« 86«
1st gold 5s.....................2000 J - D
39
40
2 d g o ld in c. 5s, D e c ...2000 Mch.
Third A v 1st gold 5s. . . . 1937 J - J
8 5 « 84 7 7 « 8 7 « Tol & O C 1st g 5s..........1935 J - J
W est’n div l s t g 5s. ...1 9 3 5 A - O
General gold 5s............1935 J - D
Kan & M 1st gu g 4s. ..1990 A - O
88
7 8 « 8 8 « Tol Peo & W ls tg o ld 4s.l917 J - J
91
91
9 4 « T St L & K C 1st g 6s tr.1916 J - D
66
54
66
T flster & Del 1st e g 5s. 1928 J - D
vJ nion Elev. See Bklyn Elev
Un El (Chic) 1st g 5 s ....1945 A -O
Un Pao—R R & 1 g g 4s. 1947 J - J
79«
80«
68« 80«
Registered.......... .....1 9 4 7 J - J
Tr Co ctfs g 4 « s ..........1918 M -N
Kansas Pacific 1st 6 s.. 1896 I - D
C B Un P fd cou g 7s. .1895 M -N
U P D&G 1st c g 5 strrp .’ 89
Uni N J RR &C Co. S eeP aR R
Utah & North. See Ore S L.
Utica & Black R. See NY Cent
111 May’ 98
111 1 1 6 «
er Val Ind & W . See Mo P.
113« 118«
111« 116«
irginia Mid. See South Ry.
1 1 4 « J ’ne’
113 1 1 6 «
ab R R Co l s t g 5 s.. 1939 M -N
2d gold 5s............ 1939 F - A
119« 120«
114 1 2 0 «
Debenture series A ... . 1939 J - J
105«
105«
98«105«
Series B.......................1989 J - J
98 J ’ne’ 98
9 2 « 98
ls t g 5 s D e t & C h E x t.. 1941 J - J
105 Oct.’ 97
StChas Bridge 1st g 6s. 1908 A - O
Warren RR. See Del L & W
77«
78«
7 9 « Wash 0& W . See Southern
94«
95
W estN Y & P a—ls t g 5s. 1937 J - J
96
Gen g 3-4s..................... 1943 A - O
74«
76«
77
Incom e 5 s ....A p ril, 1943 Nov.
80
31«
3 1 « West No Car. See South Ry.
90 N ov’97
Western Pac. See Cent Pac.
W Chic St40-yr 1st cur 5 s.’ 28 M -N
117 M a r’ 98
115 117
40-year con g 5s.......... 1936 M -N
109 Feb.’ 98
1 0 7 « 109
West Shore. See N Y Cent.
1 2 2 « Jan.’98
121 1 2 2 « W Va & Pitts. See B & O.
120
120
1 1 8 « 122
W V a Cent & P 1st g 6s. 1911 J - J
129 J ’ne’ 98
128 129
W h eelin g& L E ls t g 5 s . 1926 A - O
Trust Co certificates.. . . . . . .
1 0 7 « 108
105« 108«
W heel Div 1st gold 5s. 1928 J - J
1 0 6 « Mar’ 98
Exten & Imp gold 5 s.. 1930 F - A
97 May’ 98
93«100«
Consol gold 4s...............1992 J - J
96 Feb.’ 98
96
96
Wilkes & East. See N Y S & W
1 2 2 « Jan.’98
122 122
Wll & Sioux F. See St P M & M
1 3 0 « 132
1 1 8 « 132
Winona & St P. S eeC & N W
115 A p r’ 97
W isCentCo l s t t r g 5 s ..1937 J - J
1 0 9 « May’ 98
Engraved trust certificates.
107 1 0 9 «
Incom e 5s...................... 1937 A-O*
1 0 8 « J ’ne’ 98
105« 108«
MISCELLANEOUS BONDS.
n T * N ov’ 97
A m Cot Oil deb g 8 s ... 1900 Qu-F
/A m Dk & Imp 5s. See Cen N J
Am Spirits M fg l s t g 6s. 1915 M -N
Atlanta G L Co 1st g 5S.1947 J -D *
ar& SC arC o I s t g 6 s .l9 4 2 J - J
1 0 0 « Oct.’ 97|
os U Gas tr ctfs s f g 5 s.’ S9 J - J

«

«

«

Y
W

«

E l e c t r i c C o n p s m i < i. Bid. Ask.
Rhode Island Elec Pro Co. 110 120
T oronto (Can) Elec L t Co. 1 3 5 « 1 3 6 «
Thom -Houst W elding Co.
100
12
United Elec Lt&P Co pref
18
83
85
W esting Eleo&MfgCo—Se e Bost List.
W oonsocket ( R I ) El C o.. 100 110
F e r r y C o m p a n ie s .
BTdyn & N Y Ferry-Stock 220
6s, 1911........................... «117
8 8 « 90
Hoboken Ferry—Stock..
l» t 5s 1946............MAN «1 0 6 « 107




(G iv e n

B id .

«

«

1 0 3 « .......
9 4 « ‘ Sale’

• 93
125
I ll
104
81«
■118
■127

foot

F e r r y C o m p a n ie s .
Metropolitan Ferry—5s..
N J & N Y Ferry—Stock..
1st 5s 1948.............. J&J
N Y & E R Ferry—Stock.
Bonds 5s o f 1932..........
N Y & S B Trans & Ferry
Bonds, 5s, o f 1906.......
10th & 23d Sts Ferry.......
1st mort 5s 1919...J&D
Union Ferry—Stock.........
1st 5s 1920.......... .MAN
R a ilr o a d s .
Ate Col & P 1st 6s tr no cts

Bid.
107

.......
.......
.......
.......
Sale
.......
.......

1 0 4 « Feb.’98

Range
fr o m
Jan. 1.

94«

1 0 4 «1 0 4 «

94«

92

98

107 Jan.’ 98
1 0 5 « May’98
92«
93«

107
100
92

107
105«
96«

110«
105
81
120«
127

May’ 98
May’ 98
81«
Feb.’ 98
A pr.’98

1 07 «1 1 0 «
105 107
7 6 « 82
120 120
127 127

Jan.’ 98
66
M ar’ 98
N ov’ 9
98
107«
May’98
96«
83«

06« 98«
100« 107«
1 0 6 « 110
9 2 « 97
82
87«
105« 108«

98
107«
*107
96«
83«

.......
Sale
.......
Sale
Sale

75
64«
110
106«
98
106
106«
96«
83

108

.......

108«

108«

9 4 « Sale

94«

95«

6 4 « Sale
110 115

i ’o ó " F eb.’ 98

«

«

75
55«

75
66«

87

96

"9*6” i o o "

1 1 2 « A ug’9 ’;
1 0 7 « 109
115
109 110
121

117 .........
122 125
‘ 08 .........
97 .........
106 1 0 6 «
106 1 0 6 «
86
88
U S « .........

♦106
108«
105

78
70

81

100

88
102

.......

119
108
114«
110
122
117
118
101
96
107
107
84
113

9 6 « Sale
* 46*' 4 8 "
6 2 « Sale

. . . . . . 28
1 0 8 « 105

....

78
72
88
100
96«

78
May’ 98
J ’ne’ 98
J ’ne’ 98
97

48«
48«
114 Sep.’ 97
60«

63

109«
85

27
27«
1 0 3 « 108^
110 J ’ne’9(

109 110
108
5 2 « 5 3 « 53
15

J ’ne’ 98
J ’ne’ 98
15«

99

Dec ’ 97

101«
100
90
92«

M ar’ 98
M ar’ 98
May’98
M ar’98

*102
102
* 95
90
32

1 0 6 « 108
1 1 2 « 115
107 1 1 1 «
118 123
112 1 1 7 «
118 125
95
100
102

96
107
107

1 10 «1 1 6 «

109 110).
1 0 5 « 109)

1 1 0 « Feb.’ 98
109 1 1 0 «
1 0 5 « 1 0 5 « 9* 9 6 « 105*4
39«
37«
3 9 « 2237 28
120 May’ 98
1 1 7 « 124
105
105
102 105
1 0 3 « Jan.’98
1 03 «1 0 3 «

109 1 0 9 « 1089
8 4 « Sale
84V

*110

D e c ’ 97
108
114«
110
122,
J ’ne’ 98
A pr.’ 98
N ov’ 97
J ’ne’ 98
107
J ’ne’98
A u g’ 97
May’98

109 »May’ 98
1 0 8 « J ’ne’98
108 O ct.’97

1 0 8 « .........
1 0 5 « Sale
3 9 « Sale
123 127
1 0 4 « 106
102« 103«

76
82«
69
72«
8 5 « 90
98 104
88«

97

44** *51*
48«

63

1 0 4 « 110
7 4 « 85
21
29«
97 105
1 0 8 « 110
103 109
4 7 « 55
10
16

100« 101 «
100 103
90
90
*92« 9 2 «

«

42

106
81

B

at

Week’s
R ange or f i
L ast Sale.

LXVI.

A sk . L ow . H igh . No. Low. High.
1 0 4 « O ct.’97

«

* No price Friday; these are latest bid and asked this week. fBonds due June.

OUTSIDE SECURITIES

P rice
Friday,
June 17.

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 n e 17.

[V O L .

of

«100
69
« 92
25
« 90
68
} 99

71
94
30
95
75

«100

50
101«

46

47«

34 N ov’ 97
41«
42
6 « Jan.’98
106
84«

J ’ne’98
85«

9 0 « Jan.’98

33«

45,

1 0 2 « 109
64

85«

90«

91

* Bonds due July. I Bonds due March. T Bonds due Jan. i Bonds due N or.

7 c o n s e c u t iv e

Ask.

Sale

pages)

.—

FERRY <& RAILROADS.

Bid. Ask.
R a ilr o a d s .
46
47
A t J C & W 1st 6s tr co cts
A tch & P ike’s Peak 1st 6s 100
A te T& S Fe gu fd 6s notes 100
A tl’ta& Ch A ir L 1st 7s ’ 07 117
Atl&P cts o f dep gu 4s st’d
6«
Boat & NY A ir Line—Com
Preferred—See N Y Sto ck Ex
California Pacific 1st 4 « s
98
94
Do
2d m ort guar
Ch Mil & St P Dub Div ’ 20 ,1 2 0
Do
Wis Val div 6 s ’ 20 ,117
Ch&NW 1st 7s Mad ext’ 111,127
Do Menominee e x t ’ l l «127

Bid.
R a ilr o a d s .
Chic & North W —(Con)—
Chic& Tom ahlst 6sl905 «109
North w Un. 1st 7s 1917. ,1 3 2
FremElk&MoVal ls t ’ 33 «132
Do
unstamped «131
W in&StP 1st ext 7s ’ 16 «133
Ch & East 111 sink fd col tr 105
Chic. Peor. & St L—Stock
1st m ort 4s 1925..........
2d mort incom es..........
Cln&Spgf 2d 7s gu C C C&I 105
Jack L & Sag 1st ext 5s ’01 102
«And interest, tPrice per sh

J une 18,1898.]
BONDS.
N. Y . S T O C K E X C H A N G E

THE CHRONICLE.—b o n d
P rice
Friday,
June 17.

Week's
R ange or
L ast Sale.

Range
from,
Jan. 1.

1179

PRICES (.5 pages) P age 5.
Week’s
Range or «o
Last Sate. aq*®

Price
Friday,
June 17.

BONDS.
N. Y . 8TO C K E X C H A N G E
W eek E n d in g J une 17.

R ange
fr o m
Jan. 1.

W eek E n d in o J one 17.
Bid. Ask. Low. H igh. Ho. Low H igh
Bid. Ask. Low. H iah. .Vo. Low H igh
113 118
Procter & Gamb 1st g 6s. .’40 J - J
109% 115
14% J’ne’ 98
B 'klyn U Gas 1st con g 5s. .’ 45 ¡>I-N 114% 115
92 100% St L T er Cupples Station A
93%
93%
90
94
Br’k’n W & W H l s t g 5 s.1945 F - A
PropCo l s t g 4 % s 5-20yr’ 17 J - D
l ah Coal Min. See T C I & R.
101 F e b ’ O’;
S Yuba W at Co con g 6s. .’ 23 J - J
I G L & C C o . See P G & C Co.
109% 109% Sp Val W at W orks 1st 6 s.’ 00 M- S
109% F e b ’ 97
Chic J c& St Yd col g 5s.. 1915 J - J
08%
70
07%
63 .......
Stan Rope & T 1st g 6s.. 1946 F- A
Clearf Bit Coal. See N Y C & H
14
15
17
14 Sale
Incom e g 5s...................1946
95 100%
99 May’ 98
C o lC & I 1st c o n g 0 s . . . 1900 F - A
J -D
Sun
Ck
Coal
1st
g
s
f
0S..1912
C olC & I Dev C ogu g 5s.. 1909 J - J
82 May’ 98
86
86
A -o a
Tenn
Coal
T
Div
1
st
g
6s.
1917
104
100
104
Jan.’
98
Col Fuel Co gen gold Os. 1919 M-N
89
88
89
90
Birm Div 1st c o n 6 s .. .1917 j - j
84
80
80 May’ 98
Col F & I Co gen s f g 5s. 1943 F - A
Cah C M Co 1st gu g 6s..’ 22 J - D
Columbus Gas 1st g 5 s .. 1932 J - J
83
Jan.’
98
83
83
F
A
De
Bar
C
&
I
Co
gu
g
6
s.’
10
101% 105%
01% Apr.’ 98
Com Cable Co 1st g 4s.. .2397 Q -J
114% J ’ne’ 98
11% 116
U S Leath Co s f deb g 6 s.’ 13 M -N
104 104
104 Feb.’ 98
R egistered..................... 2397 Q -J
V t Marble 1st s f 5s....... 1910 J - D
Con Gas Co. See P G & C Co.
105% Feb.’98
05% 105%
W est Union deb 7s. .1875-00 M -N
e Bardel C & I. See T C & I.
105 M ar’ 98
105 105%
Registered.......... 1875-1900 M -N
el & H Can. See R R bonds
M
-N
Debenture
7
s
.
.
.
1884-1900
89
94
93
92% Sale 92%
Detroit City Gas g 5 s. . . . 1923 J - J
Registered.......1884-1900 M -N
90 103
91 ....... . 91 J ’ne’98
Det Gas Co con 1st g 5s.. 1918 F - A
105 111
110% 111
Col trust cur 5s........... 1938 J - J
16% 17%
16%
10%
10
17
D et M&M Id gr 3%s S A .1911 A -O
111 M a r’ 98
111 111
Mut
Un Tel s f ’d 6 s . ..1911 M -N
108 112%
11
111
i d El 111 1st conv g 58.1910 ML- S 109 .......
Northwestern Tel 7 s ... . ’ 04 J - J
114%
119
17%
J
’ne’
98
1
1
7
%
.......
J
J
J 1st con g 5s.............. 1995
101 101
101
M
a
r’
98
M
-N
W
estn
Gas
Co
col
tr
g
5s...’
33
13% J ’ne’ 9”
Ed El 111 B'klyn 1st g 5s. 1940 A -O
Wh L E & P C Co 1st g 5s.’ l 9 J - J
R egistered..................... •••* A - O
J
D
W
hitebrst
F
gen
s
f
6s.
.1908
98%
98%
98%
M
ar’
98
Brie T & T col tr g s f 5 s... 1920 J - J
Bq Gas L N Y 1st con g 5s.. ’ 32 M -S
Bq G & Fuel. S e e P G & C Co.
U. S. GOV. SECURITIES.
96 103%
03
103%
Sale
'len Elec Co deb g 5s. .1922 J - D
98 A pr.’98
95
U S 2s registered... .Optional Q-M
95% Jan.’9
90
Jr Rlv Coal& C ls t g 0 s..’ 19 A -O
U S 4s registered............ 190 Q -J t 109% Sale 108% 109%
F
A
Gr Rap G L Co l s t g 5s. 1915
110
110
111
112
U
S
4s
co
u
p
o
n
.................
190
Q
-J
t
ack W reor l s t g 5s.. 1926 J - J
U S 4s registered.............1925 Q - F 124% Sale 124% 124%
ill
A ug’97
end B Co 1st s f g 08.1931 M- S
124% 125% 124% 124%
Q
F
U
S
4s
cou
p
on
..................1925
111 Steel Co deb 5s.......... 1910 J - J
U S 5s registered.............1904 Q - F 111 % 112 % 11C% May’98
Ó Apr ’ 9
Non-conv deben 5 s . . . . 1913 A - O
U S 5s c o u p o n .............. 1904 Q - F 111% 112% 111% 111%
Iron Steamboat Co 6 s .. .1901 J - J
U
S 6s cu rren cy.............. 1899 J - J 101 102 % 102% A pr.’ OS
107 May’ 91
Jeff&Clear C & I 1st g5 s 1926 J - D
U S 4s registered certs
80 May’O’i
2d g 5s............................ 1920 J - D
o
f indebt (Cherokee) 1899 Mch 1 0 0 % ..
K C Mo Gas Co 1st g 5 s .1922 A -O
100 105%
LacGas-L Co o f StL lstg 5s’ 19 Q-F* 104% Sale 101% 104%
Qu-F
Small bonds..........................
STATE SECURITIES.
ib 'á " J ’ly ’97
Mad Sq Garden l s t g 5 s.1919 M -N
108% 109
109 May’ 98
Alabama—Class A 4 to 5.1906 J - J 110
Met T & T 1st s f g 5s... 1918 M -N
108 108
108 Feb.’ 98
Small..........
...........................
M
-N
R egistered.................... 1918
104%
J’ly
’
97
105
,
J
J
Class
B
5s......................
1900
85 J ’ne’ 97
Mich Pen Car Co 1st g 5 s.’ 42 M- S
100 Feb.’ 98
Class C 4s....................... 1906 J - J 101%
Mut Un Tel Co. See W n Un.
90
Currency funding 4s... 1920 J
108 J ’ne’ 98
Nat Starch M f g Co 1st g 6s ’ 20 M -N
115 115
115
lt5
Dist o f Columbia—3-65s.l924 F - A 115%
Nwpt News S & D D 5s. .1990 J -J
100 103
100
100 May’ 98
Louisiana—New con 4s.. 1914 J
N Y & N J Tel gen g 5s cy .’ 20 M -N
98 100%
100%
M
a
r’
98
Small.......................................
N Y & O n tL a n d ls tg 6 s.l9 1 0 F - A
Missouri—Funding. ..1894-95 J N oW estn Teleg. SeeWest.Un.
toi Jan.’98
102 %
JNorth
Car—Consol
4
s...
1910
111
N
ov’9
M
-N
Beo Gas & C 1st gu g 0S.19O4
J -J
S m a ll................................
102 109
102 M ar’ 98
2d gtd g 6s.....................1904 J - D
6s.....................................1919 A - O 125 ....... 128 Feb.’ 98
116 120
110 J ’ne’ 98
1st consol g 6s...............1948 A
103 .......
So
Carolina—4%s
20-40.1933
J
Refunding g 5s............. 194“ M -S
87
91%
91 .......
91
91%
Tenn—New settlem’t 3 s.1913 J - J
Registered.................1947 M -S
87
88
88
90
88
88
J -J
Small................................
102
100%
104
May
*98
107
___
.1
J
h
G
-L&
C
ke
1st
g
u
g
5s’
37
Ch
05
71%
71%
71%
71%
Sale
Virginia
fund
debt
2-8s.l991
J
J
101
106
101 Apr.’ 98
Con G Co o f C hlstgu g 5s’30 J - D 104 Î07
J -J
R egistered.........................
102 108
106 May’ 98
Eq G & F Ch l s t g u g 6 s .’ 05 J - J ".........108
0s
deferred
bonds............
M
-N
Peoria W at Co g 6 s.. 1889-19
4%
5%
6%
5 J ’ne’ 98 . . . .
Trust receipts stam ped..
PI Valley Coal 1st g 6s. .1920 M -N
* No price Friday; these are latest bid and asked this week.
t Bonds due July.
t Bonds due May.
S Bonds due April.
I Bonds due January.

C

D
b

t
H

OUTSIDE SECURITIES
Ask.
R a ilr o a d s .
Kingston A Pem b I s tM ..
L N A & Ch 1st 6s C &I Div 115
Memp & Char cons bonds
Newb Dutch&Conn Inc b ’s
N Y El deb 5s gu Man R y .
No Pacific Mo Div 1st 6s.
Pittsb & Connellsv 1st 7 s
Do con 6s gu by B & O
St P East & Gr Tr 1st 6s.
gu by Mil w L S & W est.
T en n C I& Ry con 6s 1901
Do So Pittsb 1st 1902..
Vlcksb & Meridian 1st 6s 103
M i s c e l l a n e o u s . Par.
01
A cker Merrall & Con. 100
98
25
Am A ir Power o f N Y . 100
15
13% 27%
A m eric’ n A xe & T ool. 100
42
Amer Bank Note C o .. .50 +41
American Brake C o ..100 '88
91
9
Amer G roc—1st pref .100
Amer Malt’g Co—Com—S ee Stk E x l’t
Preferred—See Stock E xch. li st.
Am Pneumat Tool Co. 10
Am er Press Assoc’n. .100 10 0
10
American Screw.........250 145
155
A m Smokeless Pow d.100
10
A m Soda Foun—Com .100
54
1st preferred..........1 0 0
2d preferred.............100
28
American Surety.........50
180
Am T yp efo’rs—Stock.100
39
40
Amer Sewing Machine. .5
Am er S traw boa rd ....l0 0 '2 7 %
Am er W ringer com .. .100 104
114
P r e f.................... ..........
Amer Graphophone.. . . 1 130 140
140
P referred ........... ....1 0
L50
10
Anderson (John) Tob. 100
15
25
Autom atic V e n d in g ...10
10
Barney&Sm Car-Com.100
15
00
67
P referred ..................100
97
100
6s 1942 ................... J&J
B ergn & Eng Br—See Phi 1. list.
P ref erred—See Phil, list
111
1st 6 s.................. J
16
B lackw ells D u rh T ob .2 5 + 12
100
Bliss Company—C o m ..50 85
P re fe r re d ................ ..50 100 112
Bond & Mort G u ar.. .100 190 200
Bost & Montana 7s 1907
Carter-Crume—Pref. .100
Celluloid Co..................100
Cent America Tr’nsit.100
Cent Firew’rks—Com.100
32
P referred............. .100
40
Chateaugay Ore& Ir 0s ’ 15
10
17%
Ches & O Grain El—Inc.
60
65
4s.....................................
Chesebrough M fg Co. 100 865 380
94
90
Claflin (H B )-ls t pref.100
88
92
2d preferred.............100
Common—See NY Stock Exch.
80
Clark Mile End Thr’d.100
Collins C o , . . . . . . . . . i . . 100 113
Comstock Tun—1st in c...
Consolid Car Heating.100
s f*
Consol Firew’k8-Com .l00
P referred . . . . . . . . . . . 100 ” 27%
90
Con Kan C Smelt A Ref. 25
17
20
Consol Rolling Stock.100
70
74
Cramps’ Sh & En Bldg.100
138
Diamond Match C o .. .100 187
20c.
Bnsley Land..........
75
Bppens Sm & W ie m ..l0 0
100
Eastman Kodak Co.. .100




(G iv e n

a t foot of

7

M is c e lla n e o u s !.
80
Erie & W estern T rans.50
L00
70
Fidelity & Casualty.. .100
Fidelity & Dep (B a lt )..50 340
99 100
Galveston W harf—1st 5s.
Genesee Fruit.............100
¿Ó
20
German Am Real Est.100
47%
47
Glucose Sug Ref-Com.100
99% 100%
P referred ..................100
37% 88%
Goodyear Shoe Mach. .25
90
Gorham M fg Co-Com.100
114
P referred ..................100 110
125
Great Falls Ice............100 110
Hartford Carpet Co. .100
37
36
Heck-Jones-J M ill-Pf.100
82
1st 6s 1922............ M&S 78
Her’g-Hall-Mar-Com .100
1%
4
8
P referred ..................100
Hoboken Land & Im p’t . . 100
105
5 s .....................................
80 •
75
International Elevat.100
52%
International N avig.,100
35
30
International Paper. .100
86
82
P referred.......... . . . 1 0 0
103
Bonds 6 s...............
International P u lp ... 100
4
Iron Steamboat........... 100
60
55
6s 1 9 0 1 . . . . . . . . ....... J&J
45
John B Stetson—Com.100
110
P referred ..................100 100
22
Journeay & Burnham. 100
80
70
P referred ..................100
90
Knickerbocker I c e . . . . 100
105
95
Bonds 5s...............
98
Lawyers’ Surety.........100
160
Lawyers’ Title I n s ... .100 150
114
Lorillard (P )—P re f... 100 112
5
Madison Sq G— Stock.100
40
2d 6s 1919............ M&N 25
10
15
Mech’nical Rub-Corn .100
35
25
P referred ..................100
Mergenthaler Linot—See Bosto n list
60
55
Meriden Britannia Co. .25
11
8
Mich-Pen Car—C om ..100
Preferred—See N Y Stoc k Exc h.
90
85
1st 5s 1942............M&S
101
Minneapolis Brew 1st
105
Mosler S a feC o .......... 100
35
Monongahela W ater...25
80% 31
Nat Biscuit...
........100
91
91%
P referred................. 100
80
00
National Casket C o .. .100
25
National Saw—P ref ..100
203
National Surety.........100
50
National W all Paper. 100
50
N Y Loan& Im p.........100
N Y B iscuit.—
6s 1911..................M &S 114% 115%
New Jer Zinc & Iro n ..100 100 %
N Y Air Brake—See N Y S cock E xch.
48%
Nicholson File C o.. . . . . 50
10
Nicaragua Construct. 100
Peck, Stow & W ilcox. .25 + 18
Pegamoid (£1 shares)
Pennsylvania Coai—See N Y St’k Exch
104
Pennsylvania Salt Mfg.50 102
Penn. Steel 5s 1917.M&N
12
10
Penn. W ater—Com — 50
Phil & W il Steam boat.50 132 140
3%
Pneumatic Gun Car’ge.10
4
Pratt & Whitn—Com..100
45
P referred ....... ......... 100
Procter & G a m b le ....100 223
P referred ................. 100 162 i e 5
10
R.I.Perkins Horse Sh.100
47%
P referred ................. 100 " 45 '

consecutive pages ).— R R s.,
M i s c e l la n e o u s .
Russell & Erwin............25
Safety Car H eat & L t.l 00
Schwarzchild & Sulzb.100
Semet-Solvay deb 5s.......
Simmons H ’rdw-Com.100
Preferred..................100
Singer M fg Co.............100
Standard Oil................100
Stand Und’ rg’d Cable. 100
SlossI&SlstÖs 1917.F&A
Southern Cotton O il.. .50
Stat Isl R T 1st 0s’ 13A&O
2d 5s 1926................J&J
Stillw-Bierce & Sm-V.100
Swift & Co....................100
1st 6s..............................
Susq Coal 6s 1 9 1 1 ... .J&J
Term W areh—Stock.. 100
1st 6s...............................
Debenture 6s.............
B an k s.
N. Y. CITY.

Bid.

Ask.

350
108
300
225
100

94
98
40
50
101 103
108
116
410
441% 442
109 110

88

80
106

00

70
91
$105
115

95
70
80
97
108

B an k s.

250
235
800
N Y Nat Ex..
Ninth............
19th Ward*..

i 20
1000

Bid.

Ask.

Mech & Tra* I l l
107
146% 151
110

90

290

BANKS, MISGEL.

M i s c e l la n e o u s .
Texas & Pacifle Coal. 100
1st 6s 1908......... A&O
Title Guar & Trust.. .100
Trenton P ott—C om .. 100
P referred ..................100
Trow D irectory-N ew .100
Union Switch & Signal.50
P re fe rre d ................... 50
Union Typewr—Com.100
1st preferred.......... 100
2d preferred.............100
U S Glass—Comm on..100
P referred..................100
U S Projectile Co.......100
W agner Palace C ar...100
Westingh Air B rake.. .50
Willimantic Linen Co. .25
W ool E xch’ge o f N Y.100
W ortb’t’n P ’mp-Com.100
P referred...............1 0 0

90

80

B an ks.
Ger A m er*..

130

206
130
200

310

90

92

110
150
175
450
110
100

100
112

118

12th W ard*..

350

85

220
95

G iiflsnn
550
14714
170 ' 180
750

230

West Side*.. 275
B R ’ KLYN.
B edford*.. .

215
190
Brooklyn* .. 140
8th W ard*..
5th A v e * .... 104
380
Fulton*....... 1180

30
90%

120
100

T ru st C os.
N. Y. CITY.
Atlantic T r ..
Central Tr’st.
Colonial........
C ontinental.
Consolidat’d.
Farm Ln &Tr
Fifth A ve Tr
Guaranty Tr
Knick’rb’ck’r
Manhattan..
Mercantile ..

Ask.

90
105

100

130
190
185
340
425
220
150
400
300

107% N Y L U T r
350
102%
Produce E x. 200
200
■state Trust.. 200
1000
U SM tg& Tr.
Unit. States.. 1150
Washington.
B R ’ KLYN.
Brooklyn Tr. 390
Franklin...... 225
200
Kings Co...... 280
150
L Isl L & Tr. 220
95
107
Manuf act’rs 235
395
157
200
People’s . . . . , 245

Mechanics’ . 17Ó li 85
♦ Banks m irked with an asterisk (»1 are State banks.
§ Purchaser also pays accrued interest.

110
33
91%

Bid.

100

Park.............. 300

First (St. Isl)

11
38
37
08
115
8
95
87
25
80
100
162% 103
475 500

20th~Ward*.. 135

135

60

30
82
66
110
0
91
86
24
70

250
220
245
260
335
175
190
140
17th Ward*. 98

125
C om m erce... 200
125

55
100%
282

10'i
255
275
340
185
195
150
102
215
145
100
105

1400

360

210
285

405
235
236
*2*
245
159
260

tPrloe per shan*

1180

THE CHRONICLE

[Voi, IiXVI* 4

Boston, Philadelphia and Baltimore Stock Exchanges—A Daily and Yearly Record1
S liare P ric e s — N ot P e r C e n tu m P r ic e s .
S a tu rd a y,
J u n e 11.

M onday,
J une 13.

Tuesday,
June l i .

Wednesday Thursday
June 15. June 16.

Friday,
June 17.5

I

Sales
o f the R ange o f Sales i n 1898*
Week.
Shares
L ow est.
Highest

ACTIVE ST O C K S .
H Indicates unlisted.

„
R a ilr o a d S to ck «.
*73
73% Baltimore City Passenger... (Balt.) . . . . 25
15 66 Jan. 4 75% Feb. 11
23% 23% Baltimore Consolidated...........
“ . . . . 25
852 21% Apr. 26 24% Feb. 14
23% 23% Baltimore C onsolidated?.. . . (P h ila .). . . . 25
49
21% Mar. 12 24% Feb. 2 »
222 225 *220 ....
225 225
223 223
223 223
Boston & A lbany.................( B o s t o n ) ....1 0 0
180 217% Mar. 29 22? June 965
65
65
65
65
65
65
65
64% 65
Boston E lev a ted .............. .
“
....1 0 0
446 52% Mar. 26 66 June ft
*223 ......... 220 220
220 220 *220
*220 ....
Boston & L ow ell........................
“ ....1 0 0
20 215 Apr. 2 225 Jan. 22
*183 ......... 160 163
*161 164 *161 164 *161 . . . .
Boston & Maine............. •....,
“
....1 0 0
66 160 Mar. 12 171% Jan. 7
106% 107% 105
104% 105% 103% 104% 104% 105
Cbic. Burl. & Quincy.............
“
....1 0 0 24,655 85% Mar. 26 107% June 1 Í
119% 120% 120 120 x ll5 % 1 1 5 % 114%114% 113% 114
Chic. June. & Un. Stock Yds.
“
. . . . 100
845 102 Mar. 14 121% Feb. 7
* ............ 120
'115 116 x ll5 % 1 1 6
*.........116%
116 116
P re fe rre d ................................
« ....1 0 0
30 105 Mar. 12 120 May 11
101% 102
99% 101%
99% 100%
98% 99%
99% 100
98% 99% Chic. Milwaukee & St. Paul. (Phila.> ....1 0 0
8,350
20
20 % 20
83% Apr. 21 102 June 11
20% 20
21
20% 21%
21% 22%
22
22% Choctaw Oklahoma & G u lf..
. . . . 50 12,395
9 Feb. 25 22% June 17'
37% 38
87% 38
37% 37
37
37%
37
8~~
37% 38
Preferred.............
................
;
.
.
.
.
50
7,803 27% Jan. 4 38 June 10'
47% 47%
47% 47%
47% 47%
47% 47% Consol. Traction o f N. J .? ...
“
. . . . 100
295 37 Jan. 8 48% Feb. 2
*100 100 % 100 100
*99% 100
100 100
100 100%
Fitchburg,
p
ref.......................(B
oston
).
.
.
.
100
43 98 Mar. 28 10ol< June 1684% 34% *83
35
*30
35
*31
35 *......... 35
34% 34% Ga. Southern & Florida.......... (Balt.) ....1 0 0
125 27% May « 15% fune 7
•......... 85% *84% 85% *84
85% : .........85%
* ...............
86
*84
85%
lstipreferred........................
“
....1 0 0
84 May 2
*58% 60
*58% 59
*55
59
^5 % lu n e 3
*58
59
*58
60
2d
¡preferred....................
“
.
i
o
o
55 May 8 6 n June 4
23
23
22% 22%
22% 23%
88% 22% 22% 22% 22% 23% Lehigh V a lle y ........................(P h ila .). . . . 50
709
* . .......
5
20
Mar. 12 26% Jan. 3
5
5
*4%
5%
4%
4)
*4%
5
Mexican
Central.....................
(B
oston
).
.
.
.
100
260
83
4% Apr. 6
*80
82% ♦80
*80
82%
6% Jan. 12
82
82'
82
82
*82 .. .
Northern Central..................... (Balt.) . . . . 50
86 76% Jan. 14 82 June 1528% 29%
29% 30%
28% 28%
27% 28<
28% 28%
28% 29% Northern P acific.................... (Phila.) ....1 0 0
7,080 19 Feb. 24 SI June 6
70% 70%
69
69%
68 % 68 %
67% 68'
68 % 68 % 68% 68% Preferred..............................
io
o
1,800 57% Mar. 26 70% June 6*188% . . . .
188% 188% *188 190
188% 188% xl8 6 % 18 6 %
Old Colony......................................(B o s to n )..!! 100
22 185% Mar. 16 193 Jan. 81
*30
31
30
30
♦30
32
80
80
30
30
Oregon Short Line.......... .
.,,.1 0 0
210 18 Jan. 4 33% Feb. 17
58
58
57% 57%
57% 57%
57% 57%
57% 58
57% 57% Pennsylvania...................................(P h ila .).... 50 1,094
84% 84%
84% 84%
55% Mar. 12 60% Feb. 7
84% 84%
84% 84%
84% 84%
84% 84% Philadelphia Traction..........
“
. . . . 50
2,471 77 Mar. 25 85% Feb. 18
10 10 1-Í6 9% 9 15-16
9%
9%
9%
9%
9%
9% i 9-16
9% Reading Company..-.............
fi . . . . 50
6.131 7 13-16 Mar25 11% Jan. 6
*23% 24 23% 23 9-1
23
23%
22% 23
22% 22% *22% 23
1st preferred.......................
« . . . . 50
8,400 18% Mar. 26 27 1-16 Feb. 812
12
12
12
11 % 11 %
11 9-16 11% * 11% 11% 2d preferred........................
#
“
. . . . 50
591
24
24
9% Mar. 25 14 9-16 Feb. 5
25
25
23% 24
23% 23%
23% 23%
Union P acific....................... . (B oston ). . . . 100
832 16% Mar. 25 25% June 3
59% 60%
61% 61%
58% 59%
58
58%
58% 59
P re fe rre d .............................
«
....1 0 0
8,482
47
Mar. 25 63% June 617% 17%
17% 1M| 17% 17%
17% 17%
17% 17%
17% 17% Union T r a c tio n ......................(P h ila .).,!! 50 20,329 12% Jan.
8 l ^ J u n e &•
83% 83%
83% 83%
88% 83%
83
83%
83% 83%
W est End Street..................... (B oston ). . . . 50
530 78 Mar. 25 85 Jan. 3
M is c e lla n e o u s S t o c k s .
275 275
272% 275
267 272% 268 269
267% 271
American
Bell
T
elep
hone...
(B
oston
).
.
.
.
100
522
238 Mar.
140% 142% 187% 139% xl34% 136% 131 134% t 3 0 % 133%
277 June 2
American Sugar Refining ?..
«
. . . . 100
49,258 107% Mar.
114% 114% 115 115% x !1 3 113
145% June 6113 113
113 113
P re fe rre d ?...............................
« ....1 0 0
319 103 Mar.
209 209% 2U6 206
116% Jan. 8
201 204
200 202% 196% 200%
Boston
&
Montana.............
.
“
.
.
.
.
25
7,782 l?9 % Jan.
23% 24
¿8
23
212 June 3
22
23
22 % 22 %
22% 22%
Butte & Boston*........................
« . . . . 25
8,773 18% Mar.
570 570
28% Feb. 2
570 570
565 565
560 565
550 550
Calumet & H e cla ......................
* . . . . 25
28 489 Jan.
61% 62
61% 62
575 June 2
61% 61%
61% 61%
61% 62
62
62% Consolidated Gas.................... (Balt.)
....1
1,2200 0 52% Jan.
23% 24
62% June 1 7
28
23%
22% 22%
22% 23
23% 23%
Dominion C o a l.......................(B oston ). . . . 100
3,500 14 Mar.
24% June 8
22% 22%
23
23%
23% 25 Electric Storage Battery ? .. (P h ila .)....1 0 0
1,939 18% Mar.
29% Jan. 10
25% 25%
25% 25%
25% 25%
26% 28
P re fe rre d ?..............................
« ....1 0 0
85«
21
.
Mar.
69% 70
32
Jan. 10
70
70
69
69
70
70
68% 69
Erie Telephone.......................(B oston ). . . . 100
323 59% Mar.
57% 57%
72% Jan. 5
56
56
56% 56%
55% 55%
55% 55%
Illinois
Steel..........................
«
.
.
.
.
i
o
o
410 44% Mar.
23% 23%
60 June 1
23
23%
23
23
*22% 23%
22
22
Lamson Store Service..........
■“
. . . . 50
145 20 Mar.
39% 40
23% June 8
40
40
40
40
......... 40
39% 39% Lehigh Coal & Navigation... (P h ila .). . . . 50
551 38% May
43% Jan. 7
6%
6%
6%
6%
6% 6%
5%
6%
6
6
6
6% Marsden Company ? . ...............
“ ....1 0 0
9.131
5 May
129 131% 131 131% 131 131
11% Jan. 11
132 132
181% 132
New England T elephone.......(B o sto n )... 100
83 120 Mar.
26% 26%
184 Feb. 7
25% 26%
25% 26
25% 25%
25
25%
Oid
Dominion
Copper
?
............
“
.
.
.
.
25
6,885
Jan.
82% Mar. 2
15
15%
15% 15%
15% 15%
15% 15%
15% 15%
15% 16 Pa. Mfg. Light & Pow er? .. . (P h ila .). . . . 50 46,090 21%
6 Apr.
108% 110% 108% 110% 109% 110
16 June I T
109 109% 109% 110% 110% 110% United Gas Im provem ent?..
“
. . . . 50 18,800 97% Feb.
18% 13%
114% May 19
14
14
13% 14% *14
14%
14% 14%
United States Oil................... (B o sto n ).. . . 25
2,485 10% Feb.
15 Mar. 1
45
45%
45% 45%
45% 45%
46
46%
46
53% x53% 55% Welsbach Light ? ............... .. (Phila.) . . . .
5
7,081 33% Feb.
55% June 17
*1
1%
*1
1%
*1
•1
1%
1
1
1%
W est End L and...................... (B oston ). . . . 25
550
1 Jan.
*28
24 I *23
1% Jan. 324
*23
24
*23
23%
23
23
Westingh. Electric & M fg ...
“
. . . . 50
100
20%
Apr.
*54% 5
25%
Jan. 8
54% 54%
54
54
53% 54% *54
55
. . . . 50
P referred....................................
166 50 Apr.
55 Jan. 11
♦ Bid andlasked prices; no sale was made. 4 Tr. eoeints; all Instai, paid. Tr.
reels. ? Ex rights. § June 17, holidav
......... 73%
23% 23%

........
23%

73%
23%

NACTIVE ST O C K S

.........
23%

Bid.

75%
23%

Ask

73%
23%

78%
23%

73%
23%

S T O C K S -BO NDS I Bid. I Afk

R A IL R O A D S .—P rices June 1 7
MISCELL.—Concluded.
A t Top & S F e .. (Boat) 100
12% 13% Int B u tH & S M “
10
2%
2)
A tl & Charlotte(Balt) 100 105 108
Marsden pref? (Phil) 100
30
Balt & O h io... . “
100
¿0% 21
M ergenthaler.. (Bost) 100 164 165
Bos & Maine pf. (Bost) 100
Morris Canal... (Phil) 100
Boston & P ro v . “
100 275
P r e f . ............. “
100
Catawissa.........(Phil) 50
Osceola M ining(Bost) 25
47% 48
50
1st pref.......... “
58% Parrott Sil&Cop “
10
23
23
Central Mass.. .(B ost)100
Pennsyl S a lt... (Phil) 50
P ref................... “ 100
Pennsyl Steel?. “
100
15
17
Central O h io... (Balt) 50
P r e f ? ............. K 100
28
Chic& W Mich. (Bost) 100
Phil’delphia Co(Bost) 50
31
82
Cit’s S t o f Ind8?(Phil) 100
Pullman’s P a l.. “
100 187 188
City ¿S u b u rb .. (Balt) 50
Quincy Mining. “
25 113 114
Conn & Passum (Bost)100
R eece Buttonh. “
10
10
10%
Conn R iv e r .... “
100
Santa Ysabel G “
5
4
Flint & Pere M. “
100
Tamarack Min. “
25 157
“ 100
P ref.................
United El S ec.. “
50
G’rmant’n Pass(Phil) 50 135
P r e f.................. “ 100
H estonv M & T “
50
40
W ater P ow er.. “
100
P r e f . . . ..........
“
50
65
W elsbach Com ?(Phil)100
21
H unt & Broad T “
50
P r e f ? ............ “
100
76
P r e f............... “
50
W estm ’rel Coal(Phil) 50
K C Ft 8 & M. .(B ost)100
W olverine Min. (Bost) 25
22% 22 %
P r e f ...............
“
100
W ollaston L 'd . “
5
1%
Little Schuylk.(Phil) 50
Maine Central.(Bost) 100 129
B o n d s —B o s t o n .
Metropol S t?...(P h il) 100 159
Am Beil Tel 7s. 1898 F&A *100
M in e h ill& S H . “
50
A T & S F g e n g 4 s .’ 95 A&O * 91% 92%
Nesquehon’g V. “
50
56%
Adjustm ent g 4 s.. 1995 * 65% 65%
New England. .(B ost)100
B & M 3d is 7s.’ 02-07 M&N *
P r e f ...............
“
100
Boston Term ’l 3 % s.. 1947
North P e n n ....(P h il) 50
Bos Un Gas 1st 5 s.’S9 J&J \ 91
No & W Branch “
50
2d M 5s.......... 1939 J&J { 77%
P e n n & N W .. . “
50
Bur& Mo R iv e x ’pt 6s. J&J | U 6 %
Phil & Erie....... “
50
18
Non-exempt 6 s.*18 J&J
Phil Germ & N . “
50 136
Plain 4s.......... 1910 J&J I ' 95
United N J ....... «
100 256
Ch Bur& N 1st 5s.’26 A&O ¡107
United Tr o f P . “
50
2d M 6s.........1918 J&D ¡10 3
P r e f ............... “
50
Ch Bur &Q 4s. 1922 F&A 4,98%
W est End p ref.(B ost) 50 103 105
Iowa D iv 4s. 1919 A&Q Jj 98%
W est Jer & S S. (Phil) 50
54
Chicago June 5 s.l9 1 5 J & j ¡112
W est N Y & P a. “
50
8% C h& N o M g u 5 s .’ 31M&N
3%
W tscon Central(Bost)100
Chi & W M gen 5s.’ 21 J&D j 69
P r e f ...............
“
100
Con. o f V erm ’t 5 s .’ 13 J&J * 67
70
W or Nash & R . “
100
Curr’t Riv 1st 5s.’27 A&O { 73
■ MISCELLANEOUS.
D G R & W 1st 4s.’ 46 A&O |.......
Allouez Mining( Bost) 25
4%
4% D om in C oa llst6 s.’ 18M&S {106
107
Am R y El L t.?. (P h il). . . .
3
East’n 1st M 6s g .’ 06 M&S { ....... 119
Anaconda Min. (B ost) 25
Fr Elk&M V 1st 6s ’83 end ¡135
Anniston Land.
Unst’p’d 1st 6s.’ 38 A&O {185
Arnold Mining.
15% 15% Illin Steel con v 5 s.’ 10 J&J { 87
Ash Bed Min’g.
3%
D ebenture5s.l918 A&O a........
Atlantic Min’g.
30
K C C & S ls t 5 s g .’ 25 A&O { 73
Baltic M ining..
le% 20
K CFtS& G 1st 7s.’ 08 J&I) {113
Balt W areho’se(Balt)
K C FS& M con6s.’ 28M&N {102 103%
Bay State Gas?. (Bost) 50
2
K C M & B 1st 4s..’ 34 M&S } 78
1%
Berg&EngBr’w (Phii) 100
60
Incom e 5s........................{ ...........
P r e f.................. “ 100 • 97
98
KC&M R y& B 5s.’ 29 A&O {100
Boston Elec Lt.(B ost)100
K C S tJ o & C B 7s.’07 J&J {118
Boston Land.. . “
10
4%
4%' Lams’n St’re S 6 s.’ 09M&8 { .........
Boylstcn St L ’d “
15
8
L R ock& F S 1st 7s.'05 J&J ¡100
Cambria Iron ..(P h il) 60
48% 48% L E & S tL ls t 6sg.*26 A&O *.........
Canton Co.........(Balt) 100
2d M 5-6 g..,.19S6 A&O *.........
Centeu Mining. (Bust) 25
14% U % Mar H & Old 6s...’ 25 A&O {110
Central T ra n s..(Phil) 38
M ex Central 5s. 1917 A &0 |.......
Dowin Coal p f. (Bost) 100 107
108%
4s g ................. 1911 J&J { 62
Edison El 111.. . *» 100 160 165
1st con inc 3s g non-cum
12%
Ft W ayne Elec? “
25
2d con inc 3s non-cum..
4%
Franklin Min’g. . “
25
18
1«% New Eng Tele 6s.’99 A&O {100
French Bay Ld. “
5
•50
6 s . . . ............. 1907 A&O ¡ . . . . . ,
General E le c t.. “
100
tf7
N Y & N E n g ls t7 s .’ 05 J&J ¡117%|
P r e f.................. «< inn
93 1.........
1st mort 68.. ..1905 J&J ¡112




BONDS
B o s t o n —Concluded.
Ogd & L C con 6s.’ 20 A&O
Incom e 6s...............1920
Rutland 1st 6s. . ’ 02 M&N
2d 5s.............. 1898 F&A
W est End St 5s. . ’ 02 M&N
4 % s .............1 9 1 4 M&S
Gold 4s.........1916 M&N
4 s ................... 1917 F&A

Bid.
♦ 98

A sk
95

{105
{ 99%
{104 105
{107
{ ........
{103

B o n ils—B a i tl m o r e .
A tl & Ch 1st 78.1907 J&J 119
A tlG -L ightlstösl 917 J&D
Balt Belt 1st 5s. 1990M&N ’ 95% 96%
BaltCPasl st 5s.l911M&N 113%
Bait Fundg Ss.1916 M&N 122 122%
Exchange 8%s.l930J&J
Balt&Ohio 4s g. 1935 A&O
Pitts&Con5 g,1925F&A
Stat Isl 2d 5 g. 1926 J&J
Receivers certif 6s. J&D
Do Maryland Constr 5s.
Do Pittsb & Con 5s.J&J
Do Main Line 5s..
B&OSW lst4% g.1990J&J 100
B alt& Plst6sm l 1911A&0
1st 6s tunnel 1911..J&J
Bai Trac 1st 5S.1929M&N 118 113%
Ext & Imp 6S.1901M&S 103
No BaltDiv 5s. 1942J&D 115 116
Conv'rtible 5 sl 906M &N
CapeF& Ysr A6g. 1916 J &D 67
1st 6s ser B..1916 tr ree
1st 6s ser C..1916 tr ree
Cent Ohio 4%s g . ’30 M&S
Central Ry 6s.. .1912 J&J
Consol 5 s .... 1932 M&N 116
E xt & Imp 5S.1932M&S
CharlC&A ext5s.l910J&J 109 109%
Chesap G a s6s.. 1900 J&D 103
City&Sub 1st 5s. 1922J&D 118% 114%
Col&Grnv lst5 -6.1917 J&J 119 120
Consol Gas 6 s.. 1910 J&D 118 119
5s................... 1930 J&D 109 110
Ga & A ialstpf5sl945A & 0 104
GaCar&Nlst5s g. 1929J&J
94
94%
GeorgiaPlst5-6s 1922J&J 121 123
GaSo&Fla 1st 5s. 1945J&J 105 105%
Lake R E I lstgu5s’ 42M&S
Mac&N 1st 4%s.l990M&S
MetSt( W ash) 1st 5s’ 25FA 119
New Ori Gas 1st 5s...V a r 100
NorthCent 4 % s.l925A & 0
6s 1900...................A&O
6sg old 1900 .......... J&J 106%
6s 1904.....................J&J 114%
Series A 5s 1926....J&J 116 120
Series B 5s 1926....J&J 115 118
Ohio&M lst7SDl905M &N 104% 105%
Pitts&Con 1st 7s 1898J&J 103%
Piti Un Trac 5s.l997 J&J 102 %
PotomVal 1st 5s. 194 1J&J
SecA vTn ( P itts)5s’34J & I> i'0 9 " 110 %
Seab & Roan 5s. 1926 J&J 103% 103%
VirgM id 1st 6s. 1906 M&S
2d senes 6 s.. 1911 M&S
3d series 6 s .. 1916 M&S 114
4th ser 3-4-5s. 1921 M&S 96
5th senes 5s. 1926 M&s 104
Va (State) 3s iiew.’82.)&.)
Fund debt2-8s. 19911&.I "71%
Va& Tenn 2d 5s. 1900 J&J
8s.....................1900 J&J

BONDS
B a l tl in o r e —Conclu’d.
W estN C con 6s. 1914 J&J
W estVaC& Plst6g.’ llJ & J
WilCol&Aug 6s.l910 J&D
W il & W eld 5s.. 1935 J&J

Bid. Ask»
116 120
110% 111
117
115% 116

B o n d s — I’ lii lu d e I p h i..
A tl City 1st 5 sg ..’ 19 M&N 105% 107
Buffalo R y con 1st 5s. . ’81
Catawissa M 7s.l900 F&A 107
Ches&D Canlst5s.’ 16J&J
50
Choc Okla & G prior lien 6s
107%.
General 5 s .... 1919 J&J
98
Cit’s’St R y(Ind)con 5s.’ 33
78% 79%.
C olum S tR y 1st con 5s.’ 32 101
Colum O Crosst 1st 5s..’33 100 i d i
Con Trac o f N J 1st 5s..’33 103% 103%
D e l& B B k ls t7 s .’ 05F&A
East&A 1st M 5s.’ 20 M&N 108
Edison Elec 5s stk tr ctfs. 109
Elec& P eop’s Tr stk tr ctfs
85% ' 85%
Elm&Wilm 1st 6s.’ l 0 J&J 122
Incom e 5 s ....2862 A&O 105%
Eq 111 Gas-L I s tg 5 s .l9 2 8 105%
Hestonv M & F con 5s. ’24 114
H& B Top con 5s.’ 25 A \O
105
Internat Nav 6s.......1906 106%
K C Sub B 1st 6s..’ 20 J&D
94%
K C P & G 1st 5s..’ 23 A&O
69
Lehigh Nav 4%s. . ’ 14 Q-J 110
R R 4 s g ........... 1914 Q-F 106
Consol 7s........1911 J&D
Gen M 4%s g . . 1924 Q-F 103
Leh V C’l 1st 5s g.’ SS J&J
96% 96?
Leh Val 1st 6 s .. 1898 J&D 109% 1101
2d 7s........................ 1910 M&S
131
Consol 6s........1923 J&D 115
A nnuity 6s..............J&D 120
Newark Pass con 5s. 1930 112 % 113%.
NY Ph& N orlst6s.’23 J&J
No Penn 1st 4s..’ 36 M&N 111%
Gen M 7s.........1903 J&J
Penn gen 6s r ...l9 1 0 Var 127% 129
C o n s o l6 s c .... 1905 Var 116
Consol 5s r . . . . 1919 Var
Collat Tr 4%s g.’ 13 J&D
Pa & N Y Can 7s..’ 06 J&D 118 121
Cons 5s.........1939 A&O
Cons 4s.........1939 A&O
Penn Steel lst5s.’ 17 M&N
People’s T r tr certs 4s.’43 102%
Perkiom 1st ser5s.’ 18 Q-J 102%
83%
93
Phila Elec gold trust ctfs
Ph&Er gen M 5g.’ 20 A &O 116
Gen M 4s g . . 1920 A&O
Ph & Read 2d 5s.’ 88 A&O i Vó ’
Consol M 7 s.. 1911 J&I) 130 131%
Con M 6s g . . . 11)11 J&J 121
- Ext lmpM4sg«>17 A&i. 102 %
Con M o f ’82 4s.’ 37 J&J
10-yr s f 5s g. 1902 F&A
Terminal 5s g.1941 Q-F 118
P Wil & Balt 48.1917 A & o
Collat trust 48.1921 J&J IÖ9 110
Pitts C&StL 78.1900 F&A
Read Co gen 4s, 1997 J&J ’ 85% *85%
Rochester Ry con 5s. 1930
Soh RESide 1st5s g’ 85J & 1> 104 ”
Union Term ’ l 1st 5s. F&A
United N J 4s. .1944 M&S
ms
UnTracPitts gen5s’M7.I &J
SAnd accrued interest.
7Unli s ted.
♦Price oiciudes overdue coup*

■Ju n e

THE

18 1898, J

1181

CHRONICLE.
Latest Gross E arnings.

i t t w e s lm m t
AND

R o ad s.

Week or Mo

1898.

1897.

Jan. 1 to L atest Date»
1898.

1897.

15,530
21,698
3.022
4,605
Iron Railw ay... May...........
115,760
126,977
28,228
31.033
Jack. T. A K .W April.........
2 0 2 ,1 1 2
232,891
10,243
11,920
Kanaw’aAMich lstw k J’ne
85,762 2,085,585 1,940,229
76,762
K.C.F ScottAM. lstwk J’ne
677,897
514,691
20,417
21,964
K.O.Mem. A Bir. lstwk J’ne
133,829
145,792
24,241
30,479
Kan. C. N. W .... May...........
108,496
112,774
4,323
4,561
Kan. City &Om. lstwk J’ne
802,993
1,424,243
38.256
56,276
K. O. Pitts. & G . 2d wk June
The following table shows the gross earnings of every Kan.C.Sub.Belt.
184,322
205,678
11,300
9,677
2d wk June
€TEAM railroad from which regular weekly or monthly returns Keokuk&West.e 4thwkMay
211,629
22-,876
12,906
11,436
60,734
67,775 1,456,041 1,410,345
oan be obtained. The first two oolumns of figures give the
Erie & West, lstwk J’ne
133,834
144.856
30,161
30,890
■gross earnings for the latest week or month, and the last two Lehigh A Hud.. M ay..
Val. RR. April......... 1,366.27 1,376,468 5,537,715 5,326,140
oolumns the earnings for the period from January 1 to and Lehigh
Leh. v. Coal Co. April......... 801,109 748,135 4,275,905 4,237,734
65,655
69,039
20.980
18,540
including such latest week or month.
Lex’gtonAEast. April.........
The returns o f the street railways are brought together sep­ Long IslandRR. May........... 384,769 348,141 1,376,392 1,255,122
1,322,105
438,260
Long Is. System. May........... 406,983 376,213 I ,
arately on a subsequent page.
31,290
31,611
8,847
5,707
LosAng. Term.. May...........
574,989
639.694
26,697
29,581
lstwk J’ne
Jan. 1 to Latest D ale. Louis.Ev.ASt.L
Latest Gross Earnings.
181,142
211.695
8,356
9,615
Lou. H. A St. L .. lstwk J’ne
R oads .
Louisv.ANashv. lstwk J’ne 423,480 386,080 9,438,514 8,504,818
1897.
1898.
1897.
W eekorM o
1898
24,446
23,111
4,141
3,514
Macon A B lrm .. May...........
44,518
49,036
9,526
14,137
Manistique....... May. .........
5,882,152 5,739,698
258.593
266,001
.
Mexican
Cent..
lstwk
J’ne
79,349
71,105
15,292
15,235
Adirondack...... April.........
826,941
839,726
208,070
310,915
648,713 Mexican Inter’l. Maroh
729,474
27,835
30.102
Ala. Ot. South.. lstwk J’ne
96,065 2,596,125 2,600,012
99,718
229,914 tMex. National lstwk J’ne
257,645
44,144
61.697
223,034
Ala. Midland... April.........
184,411
55,914
55,799
Mex. Northern . April
Ala. N. O. Tex. A Pao. Juno.
67.000 1,711,000 1,518,500
75,700
_
Mexican
R’
wav
WkMay28
586,276
528,197
91.912
109.550
N. Orl. & N. E. May...........
302,965
284,042
18,144
ld,98(
289.524
237,516 Mexican So....... 4th wkMay
39,5u9
4 5 ,9 4 3
Ala. A Vioksb. May...........
752,317
857,611
37,474
43,507
212,370 Mlnneap. A St.L. lstwk J’ne
287,958
30,263
44,6 70
Yioks. Sh.& P. May...........
72,764 1,578,461 1,355,514
70,356
St.P.AS.St.M. IstwkJ’ne
832,550
725,680 M.
Allegheny V al.. April......... 223,105 193,917
4,502,391 4,442,626
150,046
165,346
Mo.
Kan.
A
Tex
lstwk
J’ne
668,060
563,804
21,723
24,489
Ann Arbor......... 2d wk June
10,821,114 9,324,905
41,532
28,655 Mo.Pao.AIronM Istw kJ’ne 411.000 361.000
5,573
6,361
Ark. Midland... April.........
572,354
423,826
16.000
23.000
CentralBr’oh. Istw kJ’ne
10,559,354
12,498,368
2,784,381
3,212,989
April.........
Atoh.T. AS.Fe.e
9,748,731
II,
393,468
377.000
434.001
Istw
kJ’ne
Total............
439,022
424,119
Atlanta A Char. M arch ..... 145,738 151,414
150,864
120,785
6,025
4,809
102,462 Mobile A Birm.. 3d wkMay
128,795
2 /,3 8 9
23,161
Atl. Knox. A No. M ay...........
575,762
358,900 325.256 1,766,890 I ,
192,034
186,993 Mobile A Ohio.. May.
40,065
38,125
Atlanta & W. P. April.........
570,551
648,027
115,920
127,187
229,444 Mont.AMex.G’f. May.
246,531
11,235
10,900
Atlan. A Danv.. lstwk J’ne
2,313,43* 2,086,858
444,393
526,039
Nash.Oh.
A
St.L.
May.
42,838
64,297
11,267
9,695
Austin & N’ west April.........
9,865
14.175
2,035
3,004
NevadaCentral. April.........
Balt. & O h io .... M ay........... 2,427,550 2,0 >7,329 11,115,011 9,859,972 N. Y .C .& H .R ., May........... 3,944,946 3,808,731 18,547,075 17,446,964
Bal. A O . Sou’ w. lstwk J’ne 131,026 113,246 2,995,264 2,524,525 N .Y .O n t.& W .. Istw kJ’ne
1,486,914
1,484,085
68,889
63,112
6,929
7,175
1,650
1,511
644,741
Bath & Ham’mis April.........
677,400
164,648 157,948
11,216
8,797 N. Y. Susq. A W. April.........
1,752
2,031
Blr. & Atlantic. M ay...........
220,659 214,315 4,834,285 4,430,769
Norfolk
A
West,
lstwk
J’ne
189,533
177,718
44,606
45,950
Brunsw’ k& West April.........
16,406
20,650
5,228
6,111
Northes’nIGa.).
Maroh.......
60,300 1,627,515 1,414,414 North’n Central. April......... 481.002 482,095 2,012,827 2,062,554
78, 96
Buff. Rooh. & Pitt 2dwk June
171,855
172,589
51,052
50,058
Buffalo A Susq.. April,
8,968,132 6,411,252
339,583
394,651
North’n
Paoifio.
Istw
kJ’ne
68,961
78.215 1,696,154 1,584,629 Ohio River.........IstwkJ’ne
Bur.O. Rap.& N. lstwk J’ne
366,710
364,084
20,231
18,666
Oanadian Pacific lstwk J’ne 512,000 469,000 9,945,910 8,181,117 OhioRiv.AChas. May...........
88.176
75,147
12,301
12,587
21,834
21,909
2,454
3,606
Oar. Midland.... May...........
10,809
12,255
1,901
2,800
84,054 2,185,070 2,132,833 Ohio Riv.AL.E . May...........
79,774
Oent.of Georgia lstwk J’ne
262.605
270,875
48,111
47,183
Ohio
Southern..
May...........
158,552
Central of N. J.. April......... 913,815 926,770 3,738,448 3,524,139 Om.Kan.C A E . 2 d wkMeh.
114,754
11,533
14,246
Oentral Paoifio. April........ 1,336,463 1,017,647 4,588,075 3,683,540 Oreg.RR.ANav. Istw kJ’ne 141,063 105,035 2,837,090 1,663,885
240,141
265,432
48,074
52,2.16
Oharlest’n&Sav. April.........
514,297 438,3« 6 1,897,833 1,625.684
Oreg. 8h. Line.. A p r il.......
87,528
Ohas’ n & W.Car. Maroh.......
987,087
281.366 1,860,452
29,470
31,637 Pao. Coast Co.. April......... 456,416
1,303
1,788
Ohattan’ga So.. lstwk J’ne
367,632 413,891 1,056,607 1,133,779
Pacific Mail....... M arch .....
Ches. & Ohio.... lstwk J’ne 192,927 199,033 4,889,351 4,687,207 Pennsylvania^.. April......... 5,358,172 5,011,972 20,715,209 19,318,609
375,360
Ohio. Bur. & Q.d April......... 3,255,366 2,675,825 13,107,205 11,113,653 PeoriaDec.&Ev. Istw kJ’ne
370,596
16,138
16,260
88,157 1,770,320 1,709,871
83.698
Chic. & East.111. lstwk J’ne
196,756
209.618
69,563
66,235
April...........
86,142
91,423 2,207,816 1,939,062 Petersburg.......
Ohio. Gt. West’n lstwk J’ne
1,123,393 1,135,834.
309,784
332,874
Phila.
&
E
rie...
April.........
61,620 1,317,924 1,187,946 Phila. A Read.. . April......... 1.634.618 1,554,313 6,582,859 6,106,799
63,571
Ohio. Ind. A L .. lstwk J’ne
Ohio. Mil. & St. P. 2d wk June 632,530 626,354 14,302,137 12,265,386
Coal A Ir. Co. A p ril..___ 1 545.000 1,088,392 6,128,717 5,548,753
655,552
Ohio. A N’thw’n. April......... 2,711.697 2,208,610 10,911,962 8,884,843
Tot. both Co’s. April......... 3.179.618 2,642,705 12,711,57« I I ,
338,252
362,963
66,721
63,061
Ohio.Peo.ASt.L. May...........
179.606
193,84*
46,204
53,756
Phil.
R. A N. E. April.........
Chio.R’ k I. & P.. May........... 1,556,545 1,202,490 7,063,936 5,652,343 Phil. Wilm. A B. April......... 811,973 747,873 2,880,908 2,722,008
Ohio.St.P.M.&O. April......... 598,063 518,365 2,451,606 2,136,468 Pitts. C. O. &St. L. April......... l,2 o 8 ,3l5 1,057,654 5,106,077 1,380.495
492.134
455,534
19,275
Chio.Ter.Tr.RR. lstwk J’ne . 25,091
19,211
18,691
3,429
3,326
740,086
635,961 Pitts.Lisb.A Wn May...........
27,551
29.698
Ohio. A W. Mioh. lstwk J’ne
212,970
380,026
54,200
535,440
358,832 Pitts.Bes.AL.E. May........... 101.500
82,931
124,038
Choo.Ok.AGulf. April.........
656,359
707,810
43,374
33.210
22,156
22,316 Pitts. A Wes’n .. Istw kJ’ne
5,276
5,058
Oin.G.APorts’ tb May...........
324,094
435,867
18,185
20,179
Pitts.Cl.ATol. Istw kJ’ne
Oin.N.O. A T . P. May........... 462,885 301,843 1,776,536 1,419,903
115,945
13c,129
9,143
9,105
Pitts.
Pa.
A
F
.
lstwk
J’ne
61,408
52,283
19,412
22,716
Cin.Ports.AVir. M arch .....
096,398
1.273.806
70,702
62.494
Total system, lstwk J’ne
270,513
255,623
18,241
18,939
Olev.Can. & So.. 4 thwkMay
-*■00,794
573,3651
141,704 124,526
Pittsb.Yo. A A .. May.
01.Cin.Ch.&St.L lstwk J’ne 260,628 257,913 5,917,317 5,567,980 Rich.Fr’ksbAP. April
**29,691
255,857
66,876
78,054
668,342
768,746
161,479 145,342
Peo. A East’n. May.
112,199
123,849
33,704
37,387
Rich.A
Petersb.
April
503,112
629,853
24,532
26,07
OLLor. &Wheel. lstwk J’ne
82,654
105,338
25.768
32,661
646,106 Rio Grande Jot. April
636,541
124,619 123,918
Ool. M idland.... May.
146,955
186,140
7,716
8,073
RioGrande
So’n
Istw
kJ’ne
902,063
219,157 190,296 1,009,303
Col.H. V. & Tol. May.
1,015,622
1,366,255
57,100
59,100
315,249
314,468 Rio Qr’de West. 2dwkJune
15,392
17,825
Ool. Sand’y A H. lstwk J’ne
455,951
516,538
18,660
23,257
7,300 S t.Jos.A G r.I... IstwkJ’ne
7,450
1,400
2,000
Colusa & Lake.. M ay..........
118,405
135,360
22,644
25,250
St.
L.Chi.A
St.P.
May.
2,972
4
,»76
1,075
948
April....... .
Crystal....
20,137
24,212
3,389
3,976
St.L.Ken’etA
So
May.
164,720
190,035
67.786
58.861
Gumb’l’d Valley M arch....
2,872,601
105,292
8 t.L.ASanFran. lstwk J’ne 118.033
Denv. A Rio Gr. 2dwk June 156,300 135,600 3,445,686 2,819,890 SLL.Southwest. Istw kJ’ne
2,144,339
69,673
81,570
37,248
41,212
4,433
4,536
Des M. A Kan C 4thwk Mch
504,384
566,132
130,931 118,219
157,234 St.Paul A D ul.. M a y ...___
216,332
55,129
28,565
632,396
Des M. N. A W. M ay..........
632,373
207,149
512,784 San. Ant. A A. P April......... 204,805
615,2-9
24,605
22,053
Det.G.Rap.AW 1 stwk J’ne
263,536
302,987
69.0981
74,945
SanFran.AN.P. May...........
184,769
8,195
2 8 /,0 5 8
Det. A Lima No lstwk J’ne
322,743
17,582
24,445
180.267
50,712
43,836
171,660 S. FePres. APh. 4 thwkMay 271,810 257.937 1.152.807 1,130,077
Det. A Mackinac April.........
552,694 Sav.Fla.AWest. April.........
674,761
53,099
4 0,8 8 "
Duluth S.S.&Atl 4tbwkMay
110.482
111,920
9,201
6,374
458,855 Sher.Shrev.A80. 4thwkMay
641.134
79,169
ElginJol. AEast. May........... 131,685
64,010
62,494
23,305
18,239
Sil. Sprs. O. A G April........
Erie..................... April......... 2,604,544 2,418,567 9,940,370 9,272,436 Silverton......... . December
3,844
5,564
19,133
16,881
5,357
4,768
Eureka Springs. April.........
60.239
77,922
14,420
17,923
109,831 Sioux C. A Nor. April.........
119,537
4,730
4,850
Evans. AInd’plis lstwk J’ne
8,253
9,354
1,546
1,860
421.245 So.HavenAEast May...........
499,782
22,299
18,941
Evansv. A T. H . lstwk J’ne
So.
Pacific
C
o.556,367 539,564 2 ,212,021 2,073,069
Fitchburg.......... April
1,472,637
1,775,523
372,638
449,861
Gal.Har.AS.A April.........
52,242
49,376 1.242,046 1,151,493
Flint AP.M arq. lstwk J’ ne
335, S99
407,120
76,934
93,426
Louis’a. West. April.........
78,094
52,507 1,294,724 1,060,735
Fla.Cent.& Pen. lstwk J’ne
454,604 402,040 2,034,242 1,693,0 81
Morgan’sLAT.
April.........
409,619
533,977
20,745
27,518
Ft. W’th&Den.O. 4thwkMay
93 410
103,021
29,602
29.124
N.Y.
T,
A
Mex.
April.........
126,822
204,426
4,042
6,877
Ft. W. & Rio Gr. lstwk J’ne
515,328
524,584
Tex. A N. Orl.. April___ __ 128,248 125,902
3,543
3,053
875
569
Gads. A Att. U. May
4,942,599! 4.183,503
1,023,87
1,176,103
Atl.Prop’tes
.6
April
.
.
.
.
.
653,756
670.558
23,770
26,489
Georgia BB....... lstwk J’ne
940,477 793 363 3 586,194: 2,964,666
So. Pao. of Cal. April........
417,711
495.559
23,301
26,139
Georgia A A la.. IthwkM&y
849,979
So.Pao.ofAriz. April......... 265,578 205 »71 1,1» 2,308
309,709
292,415
59,221
58,410
Ga. Car’la A No. April.........
449,137
572.679
Bo.Pao.ofN.M. April......... 151,362 1 16 ti30
337,310
384,804
64,960
78.137
Geo. So. A Fla.. May...........
615,039
681,4.68
164
4*>3
174,664
Northern Ry April.........
768,700
845,046
33,914
34,983
Gr. Rap. A ind.. lstwk J’ue
Paoifio system A p r il...... 3,266,504 2 5«2.9 8 1,976,257 9,5« ,5» 9
167.363
179,866
7,322
7,603
Cin.R.A Ft. W. ilstwk J’ne
Total of all../ A p r il...... 4,694,615 3 8‘ »5,/57 18,015.183 14 807,629
15,882
16,5.16
707
708
Traverse City. lftwk .J’ne
»,«•3,172 8 15 ; >38
43,806 Southern R y ... t stwk J’ne 384,322 343
49.305
2,227
2,138
Mus. G. K. A I. istwk J’ne
550,365
656 , 7i7
25,522
21, 73
Memphis Div. lstwk J’ue
99o,750
45,151
44,451 1,090,753
Tot.all lines. l.-twk J'ne
4, o06
3,797
1,403
1,321
StonyOi.
AC.M.I
April
Gr.Tr’ uk Syst’ m lstwk J’ue 420,025 418,165 9,919.237 8,934,956
8 ,578
110,496
3
6
4
4.288
73,014 1,542,757 1,19 ,5s4 Texas Central. uhwfeMay 103,791
91.137
Ohio. AGr. Tr. UhwkMay
3 287.3 U 2,830,088
98
38o
Texas
A
Paoifio
2d
wk
June
382,052
358,449
22,712
22,216
Det.Gr. H.&M. 4thwkMay
13,191
17 780
2,08
2,739
Tex. 8.V.A N.W May.
Great North’ o—
771.895
721,268
33, 63
35,772
St. P. M. A M. May........... l,524,542 1,304,593 6,435,116 4,981,466 Toi.AOhioOent 2d wk June
367,538
399
810
1 ,194
1 9 ,-8
520,456 Tol. P. A West., lstwk J’ue
606,742
184.-76 159,022
East of Miuu. May...........
891,475
879.39
41.7.19
40.883
777.141 Tol.St. L .A K .C lstwk J’ne
841,251
163,4 6 154,794
Montana Cent May...........
1,242.427 1,107,94« 4.920,139 4,233.191
6,279.063
Union
Pao.
RR..
April
7,883,109
1,618,409
1,872,874
Tot. system. May...........
1
.53
1
,5
h4 1,313,607
87,828
75,891
47,715
ju .P .D en .A G .. 4 thwkMay
65,203
11.144
15,620
G ’lf B’ mutAK.C. May___ . . .
18,224
Vabash.............. IstwkJ’ne 244.164 224,261 5,54 .986 4,Öt 8,046
21,103
3,394
2,433
Gulf A Chicago. May...........
70,931
59,014
17.317
10,45«
1 3,9 12
VauuANorthw April
14,762
3,350
4.169
Hoos.Tuu AVVil. t p r il......
607,461
645,078
191,314 191,074
923,546
V. Jersey Area’s A p r il......
930,518
Hous. A Tex.Ceu April......... 215,830 221,440
98.239
95,572
V.V.Cen APitts May.........
Illinois Central t May........... *2212409 t 1 8 3 1 4 9 9 111069686 t8 ,903.24
*83,39*5
8*4,167
33,053
31.192
74,468
VestVa.A Pitts. March----73,509
37.453
38,511
■Ind. Deo. A West February..
210,956
2 H ,5 «5
45,5
44,438
27.
,921
Vestern of Ala.IApril.......
319,208
70,363
79,216
A
.r
il..
Ind. III. A Iowa.
50,600 1,193, 04 1,105,964
53,600
1,440,291
V
est.N.Y.APa.
IstwkJ’ne
47,764 l,5 ls ,8 4 3
47,358
1 n.AGt.North'u 2 d wkJune
414,842
597,810
19,98«
24,065
Vheel. A L. Erie IstwkJ’ne
49,720 1,356,200 1,096,760
60,500
<Mex.) Wk May 28
27,433
84,497
iLnterue.
6 8 2 .«7 l
Wilkesb. A East. A p r il.......
« 1 1 .6 3 1
33.437
34.659
owa Central... 2 d wk June

R a ilr o a d

ItxM Ixgjetxcje.

RAILROAD




EARNINGS.

1182

THE CHRONICLE.
L atest Gross E arnings.

R o ad s.

W eekorM o
Wisconsin Cent. lstwk J’ne
Wrightsv.&Ten. April.........
York Southern. April.........

1898.

1897.

99.291
5,791
6,529

81,944
5,388
6,212

J a n . l to Latest Date.
1898.

1897.

$
1,973,302
29,999
23,263

$

1,638,610
27,735
20,126
a These figures include results on leased lines, b includes earnings
from ferries, etc., not given separately.
c Includes Des Moines &
Kansas City for all periods.
d Includes operations of the Chic. Bur­
lington & Northern in botti years.
e Includes results on A T. <fc S.
Fe, Gulf Col. A s. Fe, 8. Fe Pacific old Atlantic & Pacific! and So.
Cal. Ry.
f Includes the Pacific system, the Atlantic properties and
the Houston & Texas Central system.
t Includes Chesapeake & Ohio So’ western, Ohio Valley and Chicago
and Texas for 1898 but not for 1897
t Mexican currency.
f Covers results of lines directly operated east of Pittsburg.

Latest tfross Earnings by vVsetts —The latest we kly earnngs in the foregoing are separately summed up as follows:
For the first week of June our preliminary statement
covers 75 roads, and shows 7*76 per cent increase in the
aggregate over the same week last year.
1st week o f June.
Alabama Gt. Southern..
Ann A rb o r.....___ . . . . .
Atlantic & Danville.......
Balt. A Ohio Southwest.
Buff. Roch. A Pitts..........
Burl. Ct d. Rap. & No___
Canadian Pacific___ ___
Central of Georgia..........
Chattanooga Southern...
Chesapeake* O h io....
Chicago * East. Illinois
Ohio. Great Western.......
Chic. Indianap.A Loulsv
Chicago Milw. & St. Paul
Chic. Term. Transfer...
Chicago & W. Michigan.
Cleve. Cin. Chic. & St. L ..
Clev. Lorain & Wheel’g.
Col. Sandusky & Ilock’g.
D enver* Rio Grande..
Det. G<5. Rapids & West
Bvansv. * Indianapolis.
Evansv. * Terre Haute.
Flint & Pere Marquette.
Fla. Cent. & Peninsular
Ft. Worth A Rio Grande
Georgia.............................
Grand Rapids * Indiana
Cm. Rich. & Ft. Wayne
Traverse City.................
Musk. Gr. Rap. & Ind..
Grand Trunk................. )
Chic. & Grand Tiunk ^
Det. Gd. H. & M........ )
International * Gt. No..
Iowa C e n t r a l............ .
Kanawha A Michigan....
Kan. City Ft. S. & Mem.
Kan. C. Mem. & Birm ...
Kansas City A Omaha .
Kan. City Pittsb. * Gulf
Kan. City Sub.Belt.......
Lake Erie * Western...
Lonisv. Evansv. & St. L.
Louisv. Hend. & St. L ...
Louisville & Nashville...
Mexican Central..............
Mexican N a tio n al.......
Minneapolis & St. Louis
Minn. St. P. & S. Ste. M.
Mo. Kansas & T e x a s ....
Mo. Pacific & Iron M t...
Central B r a n c h ........
R. Y. Ontario & Westen
Norfolk & Western....... .
Northern Pacific.. . . . . . .
Ohio R iv e r ....____ . . . . . .
Oregon RR. * Nav . . . . . .
Peoria Deo. & Evansv...
Pittsburg * Western___
Rio Grande Southern___
Rio Grande Western...
St. Joseph & Gd. Island
St. Louis & San F ran ...
8t. Louis Southwestern.
Southern Railway.. . . .
Memphis D ivision ....
Texas & Pacific . . . .......
Toledo & Ohio Central..
Toledo Peoria & We st’n .
Toledo St. L. & Kan.City
Western N. Y. & Penn..
Wheeling & Lake Erie..
Wisconsin Central..........

1898

1897

$
30,102
23,145
10,900
131,026
75,817
68,961
512,001
79,774
1.30
192,927
83,69“
85.142
63,571
656,551
25,091
29.698
260,628
24,535
17,825
149,800
24,605
4.850
22,29
52,24 3
78,094
6,877
26,489
34,98c
7,32
708
2,138

$
27,835
18,868
11,235
113,245
60,306
78;21f
469,006
84.054
1,788
199.083
89,157
91,423
61.620
609,110
19,275
27,551
257.913
26.072
15,392
132,50
22,053
4,730
18,941
49,376
52,507
4,042
23,776:
33,914
7,603
707
2,22'

420,025

418,It 5

1,866

50.501
40,24c
11,920
76,765
21,964
4.561
63,74(
8,805
60,734
29,581
9,611
423,460
266.001
99,718
43,507
70,356
165,346
411,00<
23.000
63,112
220.659
394.651
18,666
141,063
16,260
62,494
8,0752,100
23,257
118,633
81,570
384.322
21,773
100,839
36,772
19,982
40,883
244.164
53,600
24,065
99,291

48,387
32,039
10,243
85,762
20,417
4,323
36,577
12,138
67,775
26,697
8,356
386,080
258,59.“
96,08
37,474
72.764
159,046
361,001
16,001
68,889
214,215
339,583
20,231
105,03;
16,138
70,702
7,716
40,100
18,666
105,292
69,67.343,559
25,522
99,084
32,912
18,194
41,739
224,261
50,6 0
19,986
81,944

2,113
8,204
1,677

7,310.683
To
(7 5 ’•oads).... ..
Netincrease <7‘ 76 d. e.).J

6,784,443

Increase.

Decrease.

ft
2,267
4,277

*
335

17.780
15,517

9,251
43,000

4,280
485
6,156
4,459
5.281

3,951
47,441
5,816
2,14'
2,715

1,510

2,438
17,300
2,552
120
3,358
2,867
25,587
2.835
2.719
1,069
281
89

9,6)0

1,547
238
27,163

!«■
3,236
7,041

2,884
1,259
37,401
7,408
3,65 c
6,033

2,408

6,300
50,000
7,000

5,777

6,44i
5&;068

i,565

36,029
122

8,203

357
12,001
4,597
12,741
11,89
40,763

3,749

1,755
3,860
1,788

>••*....

8 ,6

19.903
3,000
4,079
17,317
600.240
526,240

74,000
—

Net Earnings M onthly to Latest Dates.—The following
hows the gross and net earnings to latest dates of all Steam
ailroads furnishing monthly statements. The compilation
ncludee every road from which we can get returns of thicharacter and in that form is given once a month. Early reurns an published from week to week, as soon as issued, but
for the convenience of our readers all the roads making re­
turns ai e brought together here in the week in which we pub
lish oui monthly article on net earnings—say on or about the
20th of the month.
The returns o f the street railways we give by themselvet
under a separate head at the extreme end o f these tabulation
—see pace 1185,




[V ol.

LXV I

— dross E a m tn g s.— , ------Net E a m t n g s .--—
1898.
1897.
1898.
1897
Roads.
$
$
$
15,235
15,292
Adirondack a .......... Apr.
3,638
4,511
79,319
71,105
Jan. 1 to Apr. 3 0 ....
37,795
30,922
12 1,790
Alabama Gt.Soutb.a Apr.
113,294
23,347
18,700
56 3,72 t.
502,422
146,083
Jan. 1 to Apr. 3 0 .. ..
118,648
Julyl to Apr. 30 : . . 1,471,179 1,361,468
500,166
456,508
61,617
Alabama Midland, b. Apr.
44 144
9.506 def.6,819
257.615
Jan. 1 to Apr. ¿»0___
229,914
35.963
30,613
566.132
617,129
July l to Apr. 3 0 .. ..
106.747
92,465
Allegheny Valley, b.Apr.
22Î.105
193.917
91,391
72,299
83 2,550
725,680
Jan. 1 to Apr. 30 . . .
321,907
257,3 ol
113,020
Ann Arnor....... ..........Apr.
116,920
27,345
33,889
506.511
Jan. l to Apr. 30 . . .
427,899
129,537
142,458
6,361
Arkansas Midland.bApr.
5,573 def.8,336 def.2,769
41,532
Jan. 1 to Apr. 3 0 ....
28,655
8,203 def.3,086
AtCh.Top A S .F e .b .* Apr. 3,212,98)
1,212,98 ) 2,784,381
»798,434
»479,574
1,498, 368 10,559,351 2,999,046 2,137.67.J
¡,92 1,129 23,111,991 »9,223,136 17,403,320
20,22 5
Atl. Knoxv. & Vo....Apr.
27,610
6,173
4,806
Jan. 1 to Apr. 30 . . .
105,631
80.073
26,501
15,417
38,125
Atlanta & W, Point, b Apr.
40,065
5,017
11,127
192.084
186,9 J3
•Jan. 1 to Apr. ¿0 . . .
7 ,048
75,048
July 1 to Apr. 3 0 .. ..
477,403
494,213
212,749
197,455
Atlantic & Danv’e.a. Apr,
53,375
51,154
18,875
18,129
192,024
Jan 1 to Apr. 30 . ..
174.779
55,100
47,806
July 1 to Apr. 3 0 ....
472,903
451,910
135,987
115,676
Austin & Nortw’n. b. Apr.
9,693
11,267 def. »,78 9 def. 1,063
Jan. 1 to Apr. 30 . . .
42,838
64,297 def.5,851
17,443
Baltimore AOhio. b Apr. 5,368,785 1,982,520
602,413
322,570
Jan. 1 to Apr. 3 0 ___ !,687,461 7,832,643 2,1*4,086 1,378,736
July 1 to Apr. 3 0 ___! 1,718,335 :2 1,345,994 6,084,150 4,763,552
Balt.& Ohio South.b.Apr.
591,492
491,274
151,6 7
126,477
Jan. 1 to Apr. 30 . . . ¡,234, ¿10 1,936,' 61
595,644
513,415
July 1 to Aür. 3 0 .... >,723,209 5,103,090 1,733,668 1.538.818
Bath & Hammonds.. Apr.
1,650
1,511
80
def. 3 3
Jan. 1 to Apr. 30 . . .
7 ,i '5
6.929
1,317
i,006
July 1 to Apr. 3 0 ....
36,691
35,213
20,095
18.108
2.323
Birm. & Atlantic, b .. Apr.
171
1,693
188
Jau. 1 to Apr. 3 0 .. ..
9,133
7,v45
798
915
Julyl to Apr. 3 0 ....
23,753
20,102
5,66 3
5,286
Brunswick & West.bApr.
45,950
44,606
5,814
10,994
Jan. i to Apr. 30 . . .
139,533
177,718
31.263
47,436
July 1 to Apr. 3 0 ....
495,331
479,128
147,118
159,994
Butt. Rooh.*Pitts.b. Apr.
325,037
258,885
109,141
87,896
Jan. 1 to Apr. 3 0 .. .. 1,162,848
997,925
396,837
330,917
July 1 to Apr. 3 0 .. .. 3,052,701 2,792,959 1,090,077
910,2 23
Buftalo & Susaueh.a.Apr.
50,058
51.052
18,904
26,564
Jan. 1 to Apr. 3 0 ....
172,589
171,855
58 038
77.133
July 1 to Apr. 3 0 .. ..
529,479
481,641
225,079
217,846
Burl.Ced. R. & No.aApr.
310.982
251,094
9-1,883
66,631
Jan. 1 to Apr. 3 0 .... 1,279,873 1,189,331
442,372
420,280
Canadian Pacific, a . . Apr. 1,959,462 1,617,859
717,091
627,117
Jan. 1 to Apr. 3o...... 7,204,910 5,731,822 2,109,619 1,905,496
Carolina Midland..., Apr.
2,720
2,409 def. 1,160 def. 1,380
Jan. 1 to Apr. 3 0 ....
l3 ,2 2 i
19,155
4,916
5,411
Cent, of Georgia.a..Apr.
311,180
317,529
27,961
39,813
Jan. 1 to Apr. 3 0 .. .. 1,770.927 1,716,450
50 4,035
563,528
July 1 to Apr. 3 0 .. .. 4,813,942 4,616,609 1,70 i,216 1,695,018
Cent, of N. Jersey.a.Apr.
913,815
926.770
298,035
323,330
Jan. 1 to Apr. 3 0 .... 3,733,448 3,521.139 1,246,476 1,093,919
Central Pacific.b___Apr. 1,336,463 1,017,647
536,114
370,780
Jan. 1 to Apr. 3 0 .. .. 4,588,075 3V683,540 1,676,116 1,231,212
Char. & Savannali. b Apr.
52,2 26
43,074
7,421
12.330
Jao. 1 to Apr. 3 0 ....
265,-182
210,141
79,434
83,132
July 1 to Apr. 30 . . .
516,100
472,777
89,822
124,457
Chas’n & W. Car.a..M ar.
87,528
27,617
July 1 to Mar. 3 1 .. ..
688,906
239,216
Chattan’ga S.uth’n..Apr.
4,906
6,662
def.767
924
Jan. 1 to Apr. 3 0 ....
22,046
23,211 def.1,110
2,393
Ohes. & O h io .a ...... Apr.
912,933
903,032
273.309
253,801
Jan. 1 to Apr. 3 0 .... 3,783,466 3,633,542 1,164,292 1,035,149
July 1 to Apr. 3 0 .. .. 9,831,228 8,992,069 3,197,303 2,905.817
Ohio. Burl.&Quln.bJ.Apr. 3,255,366 2,675,825 1,006,637
896,957
Jan. 1 to Apr. 3 0....1 3 ,1 0 7 ,2 0 5 11,113,6 >3 4,887,217 4,488,673
July 1 to Apr. 30 ..36,055,615 29,697,991 14,573,135 12,532,246
Chicago & East 111.bApr.
296,895
321,193
100,713
130,360
Jap. 1 to Apr. 3 0 .. .. 1,344,295 1,309,502
553,980
547,879
July 1 to Apr. 3 0 .. .. 3,566,609 3,317,219 1,566,604 1,457,473
Chicago Gt. West’ n..M ay
445,439
387,946
124,816
102,452
Jan. 1 to May 31....... 2,121,074 1,897,639
594,043
498,748
Chic. Ind. & Louis.a.Apr.- 279,20 )
' 75,747
246,978
87,293
Jan. 1 to Apr. 3 0 .. ..
985,335
875,376
243.257
206,867
J u ly l to Apr. 3 0 .. .. 2,768.698 2,360,842
668,123
800,050
Ohio. M. & St. P .a ... Apr. 2,585,546 2,203,770
759,011
740.447
Jan. 1 to Apr. 30 ...1 0 ,2 5 7 ,*7 6 8,670,28 4 3,485,640 3.240,942
July 1 to Apr. 3 0 .__ 28.683,157 25,1081568 lli018|726 ldj025'819
Chic. Term. Transf.bApr.
94,945
80,962
63,441
55,547
July 1 to Apr. 3 0 ....
920,791
906,729
583,319
619,104
Chic.* West M ich...Apr.,
153,791
29,512
130,223
40,016
Jan. 1 to Apr. 3 0 .. ..
125,029
573,008
97,081
490,638
Choctaw Okla.&G.b Apr.
124,098
16,054
82,981
40,524
Jan. 1 to Apr. 3 0 ....
535,410
358,33 î
198,866
86,477
Nov. 1 to Apr. 3 0 .. ..
853,644
336,874
621,053
178,950
.N.O.& Tex.Pao.aApr,1 320,561
104,514
299,555
80,727
Jan. 1 to Apr. 3 0 .... 1,313,651 1,115,055
386,863
404,169
J u ly l to Apr. 3 0 .... 3,253,527 2,836,324 1,057,334
884,693
Cfieve. Canton & So.. Apr.
57,047
9,068
1,042
55,457
Jan. 1 to Apr. 30 . . .
210,461
198,261
22,229
23,198
July 1 to Apr. 30 . . .
566,477
574,316
110,933
93,093
Clev. Cln. C. &St. L . a . Apr., 1,164,765 1,068,979
231,434
243,406
Jau. 1 to Apr. 3 0 .... 4,516,73 > 4,212,778 1,118,478 1,091,468
July 1 to Apr 3 0 .... 11,937,577 10,932,200 2,815.864 2,769,605
Peoria & East’n.a.Apr.
157,847
5,069
120,098
38,541
Jan. 1 to Apr. 3 0 .. ..
607,267
523,000
168,115
109,678
J u ly l to Apr. 3 0 .... 1,559,666 1,356.377
239,554
411,493
Clev. Lor. & Wueel.aPeb.,
24,821
107,976
82,031
30,232
Jain. 1 to Feb. 2 3 ___ .
49,793
236.995
68,969
169,01 L
201,933
July L to Feb. 28....... 1,016,431
313,229
767,506
117,494
36,278
Colorado Midland. .Apr.
133,527
13,914
Jan. 1 to Apr. 3 0 ....
511,922
99,169
69,407
522,183
J u ly l to Apr. 3 0 .... 1,174,151 1,398,591
301,319
255,176
Col. Sand. & Hoek’g.Apr.
48,434
1,324
9,015
61,313
Jan. 1 to Apr. 3 0 ....
232,49 L
23,401
33,255
237,723
395
Crystal................... ...Apr.
1,075
481
948
Jan. 1 to Apr. 3 0 ....
1,282
4,376
2,837
2,972

J une 18 lbi,8.j

Roads.
Cumberland Val.b..M ar.
Jaa. 1 to Mar. 3 1 ....

THE
-----Or088 E arnings.—
189’:
1898.

53,961
6*786
193,035
161,720
Den. A R. Grande.b.Apr.
647,788
552,946
Jan. 1 to Apr. 3 0 .. .. 2,497,486 2,000.790
July 1 to Apr. 3 0 ___ 6,972,954 5,770,249
b.Mir.
3 1 .. ..
b Vpr.
30 . . .
a,. Apr.
Jan. 1 to Apr. 30 . . .
iroit A Maok’o.j .Apr.
Jan. 1 to Aor. 30 . . .
3 0 .. ..

11,090
43,369
35,55 4
161,253
131,379
402,907
30,712
180,267
380,210

13,605
37,248
31,746
123,689
107,816
393,652
43,836
171,660
314,070

CHRONICLE.

—Net Earnings.1898.
1897.
19*631
53,633

19*957
43,423

261,219
990,453
2,777,093

252,473
821,829
2,353,293

6,015
18,676
11,932
57.06L
39,351
92,118
22,96 L
81,016
127,152

5,051
11,738
2,422
23,578
29,018
74,026
10,763
56.963
82,462

43,915
3 1 .. .,
40,722
8,446 def. 8,740
i..Apr.
113,486
104,873
42,692
40,495
509,449
3 0 ....
379,636
211,989
141,100
3 0 .... 1,147,614
999,583
413,101
355,627
2,601,514 2,418,567
553,615
536,342
Jan. 1 to Apr. 3 0 ' . . 9,940,370 9,272,436 1,931,893 1,327,066
July 1 to Apr. 3 0 __ 23,181,333 25,873,359 7,047,553 6,607,375
Eureka Springe........Apr.
4,762
5,357
1,035
1,647
Jan. 1 to Apr. 30 ...
16,381
19,133
7,0 43
8,463
Flint A Pere Marq.a Apr.
237,768 236.49 L
57,074
55,201
Jan. 1 to Apr. 30 . . .
958,032 901,529
215,697
215,834
Ft. W. A Den. Cityb. Apr.
96,562
82,8 47
28,815
9,960
146,131
Jan. 1 to Apr. 3 0 .. ..
43 2,780 3 21,80 9
63,107
Ft. Worth A Rio Gr. Mar.
35,925
18,473
10,033
def.723
Jan. 1 to Mar. 3 1 .. ..
114,655
67,047
40,647
7,035
135
Gadsden & Att. U n ..May
569
875
371
Jan. 1 to May 3 1 .. ...
3,053
3,543
976
1,312
Georgia.a ................. Apr.
94,434 103,006
g723
g 4,936
118,4 14
Jan. I to Apr. 30 . . .
540,370 529.337
145,730
July 1 to Apr. 30 . . .
1,423,742 1,3 93,337 g i 74,127 gl3J,538
Georgia & Alab’a.a. Apr.
90,313
75,701
13,293
13,076
Jan. 1 to Apr. 3 0 .. ..
441,037 341,248
99,120
74,228
July 1 to Apr. 30___ 1,044,620
856,441
312,241
25 4,035
Ga. South. A Fla.a.. Apr.
68,429
61,521
15,345
13,854
Jan. 1 to Apr. 30 . . .
306.667 272,330
93,157
85,822
July 1 to Apr. 3 0 .. ..
774 075 728,904
253,379
242,141
32,847
Gd. Rapids A Ind.a. Apr.
215,491 197,303
38,997
Jan. 1 to Apr. 3 0 .. ..
849,978 765,653
203,6i8
199,014
Gr.Trunk oi Canada. Apr.
1,547,579 1,46 9,947
555,270
476,314
Jan. 1 to Apr. 3 0 ....
6,024,880 5,471.771 1,752,224 1,389,728
July I t o Apr. 30 ...1 6 ,96 0 ,61 7 15,563,273 5,705,383 4,363,101
237,115
Ohio. & Gr. Trunk.. Apr.
298,225
56,092
24,829
Jan. 1 to Apr. 3 0 .. .. 1,242,594
964,014
244,478
95,041
Det. Gr. H. A M il.. Apr.
72,63 4
79,924
19,544
17,646
Jan. I t o Apr. 3 0 .. ..
239,241
310,606
51,313
45,828
Gall & Chicago.b... Apr.
4,439
3,018
1,677
def.94
Jan. I to Apr. 3 0 .. ..
18,670
14,330
5,683
2,969
Hoosao Tun. A Wil...Mar.
4,262
3,760
1,830
1.721
Jan. 1 to Ma". 3 1 .. ..
10,593
3,9 23
10,562
4,718
Houst. & Tex.Cent.. Apr.
215,830
221,440
27,924
33,575
Jan. 1 to Apr. 30 . . .
930,518
207,771
923,546
167,247
July 1 to Apr. 30 . . . 3,817,697 2,950,645
997,729 1,019,469
Illinois Central.a.t-Apr. 2,119,390 1,614,422
531,142
361,217
Jan. 1 to Apr. 30___ 8,857,277 7,076,742 2,744,583 2,209,302
July 1 to Apr. 30 ...22,944,573 18,485,935 7,364,872 5,628,949
Indiana 111.A Iowab Apr.
79,216
70,863
33,485
25,845
Jan. 1 to Apr. 3 0 .. ..
319,208
275,921
140,227
102,045
July 1 to Apr. 3 0 ....
684,624
621,140
226,765
172,844
Iowa Central.b........ Apr.
139,237
109,042
33,654
20,653
Jan. 1 to Apr. 3 0 .. ..
570,316
435,073
163,252
133,877
July 1 to Apr. 3 0 .. .. 1,547,521 1,298,480
507,480
388,792
Iron Railway, b........ Apr.
4,058
2,355
1,553
213
Jan. 1 to Apr. 3 0 ....
17,093
12,508
6,117
3,539
July 1 to Apr. 3 0 .. ..
38,627
32.331
12,496
7,214
Jaok. Tam. A K. W.bApr.
31,03 i
28,228
7,651
7,372
Jan. 1 to Apr. 3 0 ....
126,977
115,760
26,050
21.162
Kanawha A Mich.b.Mar.
40,222
37,663
5.379
2,703
Jan. 1 to Mar. 3 1 ....
127,104
113,201
26,569
21,115
July 1 to Mar. 31 . . .
418,576
354,145
114,001 85,164
Kan. C. Ft. 8. A M. a . Apr.
395,603
351,333
125,344
96,359
Jan. 1 to Apr. 30 . . . 1,672,943 1,521,972
520.502 468,961
July 1 to Apr. 3 0 .. .. 4,318,809 3,867,128
1,354,766 1,237,012
Kan. C. Mem.& B.a.. Apr. 110,833
86,325
17.099
9,697
Jan. 1 to Apr. 3 0 ....
531,460
404,718
152,702
91,661
July 1 to Apr. 3 0 .... 1,163,733 1,061,773
326,353 295,337
Kan. O.PItts. & G ....F e b ,
264,088
98,783
75,029
25.753
Jan. 1 to Feb. 2 8 .....
554,123
196,772
172,547
51,250
Keokuk A West, b li. Apr.
39,290
40,392
1,853
3,020
Jan. 1 to Apr. 3 0 .. ..
185,085
169,685
53,323
46,704
Lake Erie & W est.b. Apr.
276,838
272,072
91,798
94,813
Jan. 1 to Apr. 3 0 .. .. 1,107,759 1,06 4,136
439,299
,434,064*
Lehigh Valley RR...Apr. 1,366,272 1,376,463
264,583 240,408
Jan. 1 to Apr. 3 0 .. .. 5,537,715 5,326,140
l,2 i5 ,1 9 7 9(7,773
Deo. 1 to Apr. 30 . . . 7,076,827 6,877,478
1,729,278 1,294,695
Lehigh Val. Coal Co.Apr.
801,109
743,135 def.87,953 def.83,552
Jan. 1 to Apr. 3 0 ___ 4,275,905 4,237,734 df.205,551 df.222,225
Deo. 1 to Apr. 3 0 .. .. 5,784,882 5,697,497 dl.264,946 df.251,801
Lexington A East.b. Apr.
18,540
20,980
6,737
9,022
Jau. 1 to Apr. 3 0 .. ..
69,039
65,655
24,285
17,933
Long Isla n d R R .b... Apr.
283,909
280,574
46,462
45,696
Jan. 1 to Apr. 3 0 .. ..
991,623
906,981
90,424
02,931
July 1 to Apr. 3 0 .. .. 3,487,274 3,179,973 1,008,950
920,452
Long Isl’d RR. Sys.b Apr.
297,989
295,677
40,859
41,335
Jan. 1 to A p r .3 0 .... 1,031,277
945,892
70,831
33,710
July 1 to Apr. 3 0 .. .. 3,778,251 3,460,724 1,102,747
984,112
Louisv.Hen.ASt.L.b Apr.
42,766
32,199
11,608
3,203
Jan. 1 to Apr. 3 0 .. ..
157,596
13 0,282
26,189
34,382
July 1 to Apr. 3 0 .. ..
448,613
372,524
108,823
95,084
Louisv. & Nashv.b.. .Apr. 1,773,966 1,569,403
479,750
424,826
Jan. 1 to Apr. 30 . . . 7,190,829 6,434,703 2,220,153 1,963,800
July I t o Apr. 3 J . . . 18,264,643 17,027,621 6,030,539 5,495,051
Macon & Birming.... Apr.
3,314
3,43 )
def.881 def.2,093
19,597
20,305
Jan. 1 to Apr. 3 0 ___
dei.2,206 def.3,787
July 1 to Apr. 30___
58,585
54,159 def. I t, 103 £ef. 10,861
Manistique.........;....A p r .
10,298
5,897
7,159
1.563
Jan. 1 to Apr. 3 0 .. ..
34,899
34,99 1
11,094
7,372
Mexican Central....Apr. 1,143,752 1,170,179
400,027
422,710
Jan. 1 to Apr. 3 0 .. .. 4,469,381 4,396,568 1,312,147 1,534,133
Jan.




1183

•—Gross E arnings.— ,.---- Net E arnings.— .
1898
1897.
1898
1897.
$
$
$
$
310,915
293,070
123,850
125,245
839,726
826,941
306,578
335,467
Mexican National... Apr.
490,727
514,433 c 2 1 0 ,0 5 1 c234,323
Jan. 1 to Apr. 3 0 .. .. 2,023,272 2,013,164 c916,833 c9 6 7,0 4 7
Msxioan Northern.. Apr.
55,799
55,914
29,233
31,626
Jan. 1 to Apr. 3 0 .. ..
134,441
223,03 4
98,665
124,143
July 1 to Apr. 3 0 .. ..
456.652
519,373
256,786
278,930
Minn. & St. Louis.a. Apr.
153.779
131,885
46,930
40,702
Jan. 1 to Apr. 3 0 .. ..
641,225
561,169
240,793
203,879
July 1 to Apr. 30 . . . 1,884,856 1,658.323
763,586
696,276
Minn.St.P. AS.Ste. M. Apr.
313.061
238,933
177,69 4
116,454
Jan. 1 to Apr. 3 0 . . 1 * (72,415
976,3 10
511,689
343,621
J u ly lto Apr. 30 . . . 3,178,727 2,981,460 1,613,372 1 , 209)405
Mo. Kansas & Tex.a. Apr.
878,495
202,099
Jan. 1 to Apr. 3 0 .. .. 3,599,975
823,361
July 1 to Apr. 3 0 ....1 0 ,6 1 4 ,4 4 7
3,556,154
Mobile A Birm’gb’in. Apr.
27,058
23,238
5,043
1,879
Jan. 1 to Apr. 3 > ....
135,012
104,545
40,423
17,077
July 1 to A p r . 3 0 .. ..
313,274
312,293
t 2,249
84,216
Mobile & O h io .a .... Apr.
318,871
273,058
26,216
9,163
Jan 1 to Apr. 3 0 ... 1,407,990 1,250.506
344,233
338,511
July 1 to Apr. 3 0----- 3,543,365 3,241,035 1,162,012 1,102,622
Monterey A Mex.G’f.Mar.
135,051
143,429
61,156
79,733
Jan. 1 to Mar. 31 . . .
403,405
356,487
185,789
177,403
Nash.Ch. A St. L .b .May
526,039
444,393
213,387
166,851
Jan. I t o May 31....... 2>|13,434 2,086,858
765,684
721,150
July I t o May 31....... 5,224,260 4,652,877 1.825.038 1,731,547
Nevada C entral...... Apr.
3,004
2,035
804
def. 314
Jan. 1 to Apr. 30 . . .
14.175
9,865
4,651
725
July 1 to Apr. 30 . .
37,753
32,110
10,074
7,324
N Y. Out. AW est.a.Apr.
285,380 300,190
62,105
76,832
Jan. I to Apr. 3 0 .. ..
1,140,601 1,119,019
278,905
260,549
July 1 to Apr. 3 0 .. ..
3,32 3,182 3,245,724
930,380
957,066
N.Y.Sus. & W est.bd Apr.
164,643 157,948
70,352
08,272
Jan. 1 to Apr. 3 0 .. ..
677,4U0 644,744
295,704
270,820
July 1 to Apr. 3 0 .. ..
1,934,432 1,884,364
883,123
842,902
Norfolk A West’n.a.. Apr.
950,320 799,949
233,749
196,625
Jan. 1 to Apr. 3 0 .. ..
3,720.206 ___
3,330,029
1,062,030
___
___ , ___
957,660
July 1 to Apr. 3 0 .. .. 9,492,362 8,797,650 2,946,367 2,222,997
Northeastern of Ga.Mar.
6,111
5,228
1,105
2,140
Jan. 1 to Mar. 3 1 .. ..
20,650
16,106
1,225
3 905
July 1 to Mar. 3 1 .. ..
00,502
53,329
17,768
18.670
Northern Central.b. Apr.
481,002 482,095
92,854
122,650
Jan. 1 to Apr. 3 0 .. ..
2,012,827 2,062,554
433,563
6L2.256
Northern Paoiflo.b.. Apr.
1,850,318 1,275.623
796,245
370,020
Jan. 1 to Apr. 3 0 ----- 6,655,549 4,618,509 2,888,102 1,201,159
July 1 to Apr. 3 0 ....2 0 ,0 3 1 ,2 1 0
9,965,624
Ohio River, b ............ Apr.
76,72 2
70,195
20.317
15,348
Jan. 1 to Apr, 3 0 .. ..
237,006
283,167
43,002
32,344
Ohio River A Chas.b Apr.
15,937
12,206
1,310 def. 1,8 20
Jan. 1 to Apr. 3 0 .. ..
75,589
62,846
17,908
10,999
July 1 to Apr. 3 0 .. ..
172,196
158,037
37,076
34,367
Oregon RR. A Nav.bApr.
580,8 52
315,734 e2l4,343
697,404
Jan. 1 to Apr. 30----- 2,122,495 1,179,673 e707,086
e351,826
July 1 to Apr. 3 0 .. .. 5,76),875 3,393,230 e2,537,984 e l ,655,392
Oregon Short Line.a. Apr.
514,2)7
433,396
257,172
221,762
Jan. 1 to Apr. 30 . . . 1,897,838 1,625,634
823,404
6)3,179
July 1 to Apr. 3 0 .. .. 5.161,443 4,645,927 2,131,803 1,667,241
Pennsylvania—
Lines directly operated—
East of Pitts. AE.. Apr. 5,353,172 5,011,972 1,521,203 1,511,303
Jan. 1 to Apr. 3 0 ....2 0 ,7 1 5 ,2 0 9 19,318,603 5,672,123 5,550,328
West of Pitts. AE.. Apr.
Ino. 474,600
Ino.
57.000
Jau. 1 to Apr. 3 0 .. ..
Iu o .1,837,300
Ino. 549.200
All lines west of Pittsb’g A Erie, including revenue from all sources,
after deducting charges and rentals, show for the four mouths of 1398
a net profit of $98,400 as compared with a net loss of $112,000 for
the same period of 1897.
Peoria Deo. A E v ..... Jan.
70,312
71,475
19,233
20,075
....... Apr.
Petersburg, b
66,235
59,565
37,519
32,619
Jan. 1 to Apr. 3 0 ....
209,618
196,756
112,43 L
93,525
J u ly l to Apr. 3 0 ....
461,353
414,335
229,540
200,503
PhUa. A Erie.b.........Apr.
332,874
309,781
109,753
100,385
{ 1,123,393 1,135,334
236,782
287,727
1,634,618 1,554,313
623,156
635,954
6,582,859 6,106,799 2,637,820 2,520,139
13,469,024 17,321,362 3,190,449 7,079,183
. 1,545,000 1,083,392 def.93,263 df l29,117
, 6,128,717 5,548,753 df.'201,457 df.503,536
,19,511,599 17,910,181
616,661
227,499
. 3,179,613 2,642,705
524,883
508,837
,12.711.576 11,655,552 2,436,302 2,022,653
,37,980,623 35,234,543 8,607,112 7,900,632
Reading Oomp’y b . Apr.
27,710
25,459
July 1 to Apr. 3 0 . . . .
287,463
279,053
Total all Comp’s, b. Apr,
532,295
552,597
.............
.............
July 1 to Apr. 3 0 .. ..
9,094,575 8,185,734
PhU. Read. AN. E ... Apr.,
53,756
16,233
46,204
14,328
Jan. 1 to Apr. 3 0 .. ..
193,845
57,092
179,606
46,435
July 1 to Apr. 3 0 .. ..
570,824
539,223
182,367
157,667
747,873
201,024
184,624
811,973
536,872
2,883,903 2,722,003
533,772
4,379,870 4,070,070
933,471
873,271
1,263,315 1,057,654
215,835
255,517
5,106,077 4,330,49 5 1,198,426
958,075
Pitts. Lis. A W est...A pr.
462
3,377
3,871
1,229
Jan. 1 to Apr. 3 0 .. ..
15,782
15,365
4,635
5,512
206,693
58,222
Pittsburg A West’ nb Mar., 269,901
86,637
Jau. 1 to Mar. 3 1 ....
611,514
543,977
173,633
125,293
2,302,69 2 1,961,196
675,316
628,932
141,704
124,525
52,938
51,910
Jan. 1 to May 3 1 ....
573,36 5
400,794
171,760
111,531
Rich. Fred. A P ot.... Apr.
32,582
78,054
63,876
21,524
Jan. 1 to Apr. 3 0 .. ..
255,857
219,391
100,391
80,090
July 1 to Apr. 3 0 .. .,
581,496
5 3 3 ,L06
236,309
191,455
Rich. A Petersburg .Apr.
3 7 ,3 3 7
33,70 4
13,483
14,509
Jan. I to Apr 3 0 .. ..
1 2 3 ,3 1 )
1L2.199
41,535
37,054
July 1 to Apr. 30 . . .
23 >,465
95,513
2 71,8 i i
79,560
Rio Grande Junot... Apr.
32.061
f 9,793
2 5 ,7 6 3
f 7,729
Jan. 1 to Apr. 30
105,333
8 2 ,6 5 1
f 31,601
f 24,794
Deo. 1 to Apr. 30 . . .
139,015
1 0 5 , ¿5 5
f 41,714
f 31,697
Rio Gr’nde SoutQ.b-.Apr,.
34,321
29,392
17,406
11,479
Jan. 1 to A pr. 3 0 . . . .,
139,389
107,192
7 0 ,8 1 L
38,336
J u ly 1 to Apr. 3 0 ....,
351,890
335,»78
157,232
145,293
Roads.
Mex. International..Mar.
Jan. 1 to Mar. 3 1 .. ..

THE CHRONICLE.

1184

— Net Earnings.
Gross Earnings.
1897.
1893.
1897.
1898.
$
$
78,343
120,652
199,678
226,735
717,022
365,834
667.174
2,011,532 1,059,178
8 203
70,095
94,100
22,357
S t. Jos. & Gd. Isl..._.Apr.
102,178
129,519
356,279
396,979
Jan. 1 to Apr. 30 . . .
169.639
384,899
792,244
July 1 to Apr. 30 . . . 1,036.621
163.640
198,547
478.201
St. Louis & Ban Fr.bApr.
513.819
766,950
842,243
Jan. I t o Apr. 30 ... 2,192,737 1,832,534
July I t o Apr. 30 . . . 5,802,484 5,013,470 2,452,937 2,178,345
54,470
43,121
207,149
San Ant. & Aran. P.b Apr.
201,805
114,231
112,550
63 2,396
Jan. 1 to Apr. 30 . . .
632,373
656,427
517,733
July 1 to Apr. 3 0 .. .. 1,781,030 1.934,593
12,941
14,627
57,046
San Fr. & N. Pao..a.Apr.
62,990
28,581
53,336
194,438
Jan. I t o Apr. 3 0 .. ..
228,042
184,625
257,828
596,904
July 1 to Apr. 3 0 .. ..
639,073
Roads.
$
274,456
Bio Grande West.b. Apr.
Jan. 1 to Apr. 30 . . .
9 ^ 0 ,2 5 5
July 1 to Apr. 30 . . . 2,769,485

Santa Fe Pres.* Ph.Mar.
Jan. 1 to Mar. 3 1 ....
July 1 to Mar. 3 1 .. ..

66.569
183,864
543,118

59,295
156,337
462,844

35,539
98,84a
301,122
43,386

30,116
73,320
230,690

58,383
257,937
Bay. Fla. & W est.b.. Apr.
271,810
297.912
244,335
Jan. 1 to Apr. 3 0 .. .. 1,152,807 1,130,077
724,042
682,350
July 1 to Apr. 3 0 .... 2,854,459 2,782,094
15,530
11,392
23,305
Silver gp.Ooala&G.b Apr.
18,233
34,638
23,257
64,010
Jan. 1 to Apr. 30 . . .
62,494
70,170
68,299
141,860
July 1 to Apr. 30 . . .
153,154
Sioux City & North .Apr.
17,923
1,123 def.8,892
14,420
def.684
23,885
60,239
Jan. 1 to Apr. 3 j . . . .
77,922
def.397
370
1,802
South Haven & E. b .. Apr.
* 1,996
420 def. 1,196
6,707
Jan. 1 to Apr. 3 0 .. ..
7,498
Southern Pacific—
58,347
97,433
449,861
372,638
Gal.H. & 8. Ant.b. Apr.
310,502
430,342
Jan. 1 to Apr. 3 0 .. .. 1,775,528 l,4?2,637
1,30
6 ,89 9
1,293,153
Jan. 1 to Apr. 30 . . . 4,101,763 4,145,304
23,424
36,371
Iioaisiana West b.Apr.
93,426
76,934
145.380
134,700
Jan. 1 to Apr. 3 0 ....
437,120
335,399
359,617
365,065
July 1 to Apr. 3 0 .. ..
832,005
841,946
105,376
144,665
M ean’s La.&Tex.b Apr.
454,604
402,040
502,563
679,005
Jan. 1 to Apr. 3 0 .. .. 2,034,242 1,693,6-il
1,651,302
July 1 to Apr. 3 0 .. .. 4,712,844 4,733,009 1,398,226
8,549
12,740
29.124
29,602
N. Y . Tex. & M b ..A p r.
31,660
43,375
103,021
93,410
Jan. 1 to Apr. 3 0 .. ..
153.175
171,009
315.039
296,889
July 1 to Apr. 3 0 .. ..
44,432
33,860
128,248
125,902
Texas & N. Ori.b .. Apr.
182,859
171,048
5 24,534
515,328
Jan. 1 to Apr. 3 0 ....
455.913
441,235
July 1 to Apr. 30 . . . 1,213,654 1,278,271
244,521
329,032
Atlantic Prop’t’sbll Apr. 1,176,103 1,023,873
Jan. 1 to Apr. 3 0 .. .. 4,942,599 4,183,503 1.575,136 1,164,481
July 1 to Apr. 3 0 ....1 1 ,4 4 9 ,4 4 5 11,533,887 3,726,740 3,944,353
914,505
Pacific System.b..Apr. 3,266,504 2,562,998 1,223,720
Jan. 1 to Apr. 30 ...11,976,257 9,569,".6) 4,363,039 3,061,298
July 1 to Apr. 30 ...3 1 ,73 2 ,47 2 26,422,199 13,332,896 9,732,678
304,639
So. Pac. of Cal.b .Apr.
940,477
793,363
344,675
Jan. 1 to Apr. 30 . . . 3,586,194 2,964,666 1,370,255 1,036,854
July 1 to Apr. 30 . . . 9,361,533 8,014,726 4,091,247 3,165,923
68,518
Bo. Pac. ot Ariz.b.Apr.
265,278
205,875
71,997
256,831
Jan. 1 to Apr. 3 0 .. .. 1,182,S03
849,979 402,199
324,810
July 1 to Apr, 30 . . . 2,507,853
1,966,519 909,594
63,703
So. Pao. of N .M .b.A pr.
151,362
116,630
72,533
224,360
Jan. 1 to Apr. 30 . . .
572,679
449,137 279,191
476,896
1,016,932 601,846
July 1 to Apr. 30___ 1,221,311
43,448
Northern R y .b ..... Apr.
174,664
164,453
49,565
132,259
Jan. 1 to Apr. 3 0 .. ..
681,468
615,039 179,531
701.381
July 1 to Apr. 3 0 .. .. 1,994,146
1,857,962 742,508
Total of a ll.b .1 .... Apr. 4,694,615 3,805,257 1,583,964 1,200,460
Jan. 1 to Apr. 3 0 ....1 8 ,0 1 5 ,1 8 3 14,802,629 6,198,017 4,445,827
July 1 to Apr. 3 0 ....4 6 ,4 8 5 ,6 9 9 41,254.9 02 18,211,942 14,885,950
Southern Railway, a Apr. 1,613,011 1,489,813
441,877
389,825
Jan. 1 to Apr. 3 0 .. .. 6,811,432 6,333.461 2,159,049 1,928 019
July 1 to Apr. 3 0 .. .. 17,305,187 16,172,047 5,660,134 5,227,374
29,464
8,590
Memphis Divls’n.aApr.
111,182
97,263
70,943
131,737
Jan. 1 to Apr. 3 0 ..
512,931
414,056
292,962
386,524
July 1 to Apr. 3 0 .. 1,327,137 1,143,365
def. 3 69
def. 14 8
Stony C l.& C .M ,.b ..A p r.
1,321
1,403
Jan. 1 to Apr. 3 0 .. ..
3,797
4,006 def.2,161 def. 1,483
13,131
6,833
July 1 to Apr. 3 0 .. ..
28,931
32,569
2,702
285
Texas Central.a....M ar.
19,117
15,969
18,323
4,758
Jan. 1 to Mar. 3 1 .. ..
73,485
53,924
914
•
2,122
Tex. Sah. Y. & N. W .. Apr.
3,544
2,209
5,183
8,489
Jan. 1 to Apr. 3 0 ___
15,039
11,104
43,204
40,35 2
Toledo* Ohio Cen.b. Mar.
145,850
130,626
112,657
115,877
Jan. I t o Mar. 3 1 .. ..
408,487
393,147
391.785
347,256
July I t o Mar. 3 1 .. .. 1,314,916 1,318,036
22,600
23,942
T ol.P eoria* West.bMay
78,855
73,837
107,621
93,809
Jan. I t o May 31.......
379,823
349,344
254,209
210,663
July 1 to May 3 1 .....
900,311
817,537
512.785
301,016
Union Pao. R y .b .n . Apr. 1,242,427 1,107,948
Jan. 1 to Apr. 3 0 .. .. 4,920,139 4,233,191 1,923,630 1,241,104
76,614
64,599
Un. P. D .& G u lf.b ..A p r.
292,086
265,736
432,857
309,048
Jan. I t o Apr. 3 0 .. .. 1,255,025 1,018,878
278,537
261,046
W a b a s h .b ...............Apr. 1,110,041
878,254
Jan. I t o Apr. 3 0 .. .. 4,162,147 3,512.608 1,115,013 1,054,782
July 1 to Apr. 3 0 ....1 0 ,9 7 5 ,6 2 0 9,646,656 3,348,422 2,955,521
2,912
17,317
6.830
10.459
Waco & Northw’ n.b.Apr.
19,819
70,931
26,370
59,019
Jan. 1 to Apr. 3 0 .. ..
Walkill Valley—
10,284
34,115
6,136
37,269
Jan. i to Mar. 3 1 . . . .
43.754
191,074
47,«89
191.314
W. Jersey & 8eas’e.bApr.
103.9
0
90,252
607,461
645,078
Jan. 1 to Apr. 3 0 ,. ..
45,571
14,060
14,943
44,433
West’n of Alabamab Apr.
70,151
210,956
86.378
211,565
Jan. 1 to Apr. 3 0 ,. ..
185,104
228,872
546,336
5 11,^83
July 1 to Apr. 3 0 .. ..
39,246
98.239
27.354
95,5’ 2
West. Va. Cent. APitts. May
334,9*4
328.058
July l to May 31 .. 1,053.427 1,043.043
13,599
15.397
33.053
31,192
W .Vtrginia* PittsbbMar.
36,460
36,556
83.395
84.167
'Jan. 1 to vlar 3 1 ....
143,409
145.153
282,53 L
293,025
J uly 1 to Mar. 3 1 . . , .
56.970
61.407
218 605
249,596
West.N.Y.& Penn. b.. Apr.
233 016
172 ,9 3 1
832.301
916,504
Jan. 1 to Apr. 30 . . .
970.814
805.132
July l to Apr. 30 . . . 2,763,828 2,503.938
16,333
9,779
27.433
34,497
Wilkesb’ re* E *st.j.. Apr.
226,095
163,589
357,456
432,604
July l to Apr. 3 0 ....
360 def. 1,2 is
5,388
5,791
Wrigbtsv. * Tenn... Apr.
«,212
8,2*3
27.735
29,999
Jan. 1 to Apr. 30 . . .
32,527
29,599
75,966
79,425
July 1 to Apr. 3 0 .. ..




[VOL. L X V l.

Roads.
York Southern b ....A p r .
Jan. 1 to Apr. 30 . „
July 1 to Apr. 3 0 .. ..

-Gross Earnings.1898.
1897.
$
$
6,212
6,529
23.263
20,126

62.385

-Net Earnings.—
1897.

1898.
$

2,779
8,209
23,615

58,589

$

2,599
5,772
23,020

a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes,
c Deducting other expenditures for repairs,replacements and general
expenses, net income applicable to interest an bonds in April was
$31,657, against $120,380 last year, and for January 1 to April 30
$365,842, against $517,784. This is the result in Mexican dollars
treated (according to the company’s method of keeping its aooounts)
as equivalent to 80 cents in United 8tates money—that is, depreci­
ation bevond 20 per oent has already heen allowed for.
d Includes the operation of seven miles of Susquehanna Connecting
road.
e Net earnings here given include miscellaneous inoome.
f Thirty per cent of gross earnings.
85 After allowing for other inoome received, total net for April was
$2.439, against $5,382, and from July 1 to April 30 was $436,655,
against $532,388.
li Includes results on Des Moines & Kansas City for all periods.
1 Includes besides the entire P^oitto System and the Atlantic proper­
ties, the Houston & Texas Central. Austin & Northwestern, Central
Texas & Northwestern and Ft. Worth & New Orleahs.
j Earnings are included in those of the New York Susquehanna *
Western above.
n Embraces onlv earnings of reorganized lines; earnings of Central
Branch not included.
* Figures beginning with July, 1897, include A t T. & 8. Fe, Gulf Col.
& Santa Fe, Santa Fe Pacific (old Atlantic & Paoiflc) and So. California
Ry., but not Sonora Ry. and N. M. * Arizona, which previous to July
had been included.
t For April, 1898, taxes and rentals amounted to $143,789, against
$174,270. and from July 1 to April 30 $1,423,035, against $1,729,813,
after deducting which, net for April, 1898, was $654,645, against
$305,304. From July 1 to April 30, net, after deducting taxes and
rentals, is $7,803,401, against *5.673,507.
t Includes Chesapeake Ohio & Southwestern from July 1 ,1 8 9 7 , Ohio
Valley from August 1, 1897, and Chicago & Texas from October 1,
1897.
$ Includes Chicago Burlington & Northern for both years.
(i Including inoome from ferries. * o .

Miscellaneous Companies.
•Gross E arn ings.—

1898.
$

Buffalo City Gas . . . . Apr.
Oot. 1 to Apr. 3 0 .. ..
Columbus Gas C o....M ay
Jan. 1 to May 3 1 ..;..
Apr. 1 to May 31. . . .
Consol. Gas Oo .N.J.May
.............
Jan. 1 to May 31. . . .
73,590
EdisonEl.il. Co. Bkn Apr.
310,369
Jan. 1 to Apr. 30 . . .
260,609
Edis on El. II. Co., N. Y. Apr.
Jan. 1 to Apr. 3 0 .... 1,079,773
Grand Rap. Gas- 0. Co .May
.. . . . . . .
Jan. 1 to May 31.......
Jackson Gas-L. Co. ...May
•fan. 1 to May 31. . . .
Mar. 1 to May 31.......
............
Kansas City (Mo.) G a s May 1 to Feb. 28. . . .
Laclede Gas-L. Co...May
Jan. 1 to May 31.......
Madison Gas& Elec. Apr.
Jan. 1 to Apr. 3 0 .. ..
11,224
Mexican Telephone. Apr.
Jan. 1 to Apr. 3 0 .. ..
44,318
July 1 to Apr. 3 0 .. ..
22,292
367,632
Pacific Mail. ............Mar.
Jan. 1 to Mar. 3 1 .. .. 1,056,607
May 1 to Mar. 3 1 .. .. 3,696,606
456,416
Faoiflo Coast C o .a .. Apr.
Jan. 1 to Apr. 30 . . . 1,860,452
Deo. 1 to Apr. 30 . . . 2,210,308
St. Joseph Gas Co....M ay
Jan. 1 to May 31.......
July 1 to May 31.......
St. Paul Gas-Lt. Co.. Apr.
Jan. 1 to Apr. 30.......
. . . . . . ..
Tenn. Coal I. & RR.-Apr.
Jan. 1 to Apr. 3 0 .. ..
Western Gas Co.—
by . . . . . . . .
Milwaukee Gas-L.Co.May
Jan. 1 to May 31

1897.
$

........
67,985
293,230
206,143
867,116
. . . . . . -.

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

10,421
41,632
20,810
413,891
1,133,779
3,764,603
231,366
987,087
1,244,033

-Net E arn ings.—

1898.

1897.

$
20,004
232,738
5,676
56,707
15,710
J,070
5,237
31,413
143,08 4
120,797
498,984
9,606
54,443
1,724
10,364
5,736

7,850
61,075
16,164
854
3,019
30,868
138,550
100,845
425,815
8,472
54,502
1,343
8.711
4,567

267,720
60,893
392,534
3,720
17,017
4,583
16,105
8,173
83,858
184,445
709,264
86,982
479,093
552,544
4,639
24,162
54,578
18,669
93,797
69,072
297,554

59,067
349,538
3,500
17,963
3,622
14,145
7,930
117,549
247,571
767,141
40,049
91,466
132,213
3,164
18,203
36,272
19,287
84,188
37,114
194,662

31,790
198,265

32,643
200,671

$

Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the fore­
going, also report charges for interest, &o., with the surplus
or defloit above or below those charges.
,— In l., Rentals, <6c.— »
Roads.
Chas’n & West. Car.Mar.
July 1 to Mar. 3 1 .. ..
Obic. Burl.* Quincy Apr.
July I t o Apr. 3 0 ...,
Chic. & East. III.....A p r .
July 1 to Apr. 30 . . .
Ohio. Term. Tra isf...Apr.
July 1 to Apr, 3 0 .. ..
Ohio. * W. Mioh........Apr.
Jan. 1 to Apr. 30 . .
Choc. Okla. & Gulf..Apr.
Nov. 1 to Apr. 30 . . .
Cfiev.Cin.Oh. &8t. L.Apr.
July 1 to Apr. 30 . . .
P e o n a * Eastern.. Apr.
July 1 to Apr. 30 . ..
Denver * Rio Gr’de. Apr.
July l to Apr. 30 . . .
Det. Gd.Rap.*West..Apr.
Jan. L to Apr. 30 . . .
Flint & Pere Marq...Apr,
; Jan. 1 to Apr. 3 0 .. ..

1898.

$
14.333
129.000
890.000
8,900.000
127,425
1,272.845
52,422
529,344
34,531
138.442
20,000
118.000
237,514
2,415,553
36,802
363.017
216,586
2,026.825
16.319
66,292
54.587
213.689

1897.
$

876.202
8,762.018
123,701
1,182,948
.............
33,908
137,310
19,000
114,000
237,765
2,388,327
36,802
368,017
200,849
1,963,397
15,841
63,443
53.576
212,810

B a l.o f Net E a rn ’ g s . s

1898.

«
13,314
110,246
116,667
5,673,135
*5.902
*425.036
. 11,019
89,760
5,485
def.13,413
20,524
21 ,874
43,920
400,306
1.739
43.476
47.633
750,2 73
23 022
25,826
2,137
2,003

1897.

$
.............

20.755
3,770 228
*33,424
*405,312
.............
def. 4,396
def. 40.7 29
def 2 946
64,950
5,641
381,278
d ef.3l.733
def.78.463
51.624
394.901
13,177
11,183
1,625
3,024

J u n e 18, l8 V 8 .j
-Tut., Rentals, <£c.1898.
1897.
Roads.
Kanawha <& Mi o h .... Mar.
U .5 8 7
10,430
July 1 to Mar. 3 1 ___
104.510
92,315
Kansas City (Mo.) G a s May 1 to Feb. 2 8 .....
156,250
Kan. O. Ft. 8. & M .. Apr.
117,743
114,556
July 1 to Apr. 3 0 ___ 1,177,116 1,163,346
Kan. 0 . Mem. A Blr.. Apr.
16.046
16,506
July 1 to Apr. 3 0 .. ..
160,449
157,800
L. Erie A West’n __ Apr.
60,312
59,264
Jan. 1 to Apr. 3 0 .. ..
240,479
238,418
Long Island RR ...... 4pr.
99,772
108,170
July 1 to Apr. 3 0 .... 1,019,509 1,027,773
Long Island RR. 8ys. Apr.
117,049
110,688
July 1 to Apr. 30 . . . 1,132.8'38 1,138,601
Mo. Kansas A Texas. Apr.
285.542
July 1 to Apr. 3 0 .. .. 2,356,086
STashv.Chat. A St. L..May
122,682
126,474
July 1 to May 3 1 .... 1,399,630 1,382,151
Philadelphia A Reading—
745,000
A ll companies.....Apr.
July 1 to Apr. 3 0 .... 7,450,000
Pitts. O. C. A St. L „.A p r.
298,586
273,867
Jan. 1 to Apr. 3 0 .. .. 1,121,962 1,083,146
Rio Grande Junot...Apr.
7,708
7,708
Deo. 1 to Apr. 3 0 .. ..
33,542
36,542
14,081
Kio Grande South’n . Apr.
17,893
July 1 to Apr. 3 0 .. ..
156,434
140.822
San Fran. A No. Pao. Apr.
19,004
19,104
July 1 to Apr. 3 0 .. ..
190,040
191,040
Tenn. Coal I. A RR.. Apr.
47,479
47,777
Jan. 1 to Apr. 3 0 .. ..
189,916
191,108
40,937
39,458
Toledo A O. Cent....M ar.
July 1 to Mar. 3 1 .. ..
352,467
345.182
22,073
22,673
Tol. Peoria A W est..May
July 1 to May 3 1 .....
245,202
252.376
West Ya. O. Pitts___May
24,900
22,324
245,904
July 1 to May 31.......
245,283

THE CHRONICLE
-Bal. o f net E a m ’gs.1898.
1897.
$
$
def.6,188 def. 7,727
9,491 def. 7,151
111,470
7,601 def. 18,197
177,670
73,666
1,053 def 6,809
165,904
137,537
31,436
35,549
198,820
195,616
*df.46,132 *df.51,195
*94,652 *df.24,912
*df.6i,885 *df.67,201
*75,061* def.72,080
df.83,443
700,066
90,705
40,377
425,458
349,396
df.192,402
1,644,575
def.8 2,751
76,464
2,090
3,172
def.492
798
def 4.377
67,788
21,593
107,638
*2,507
*43,600
527
9,007
5,346
82,775

G r o ss
E a r n in g s .

1185
[

L atest Gross Earnings.
Week or Mo

1898.

1897.

Jan. 1 to Latest D a is.
1898.

1897.

*
S
9
Scranton Railway___ M a y ....... 30,667 23?981 147,153 134,361
36,6^7 34,581
Syraouse Rap. Tr. Ry.
145,206 130,737
Toronto Ry. . . . . . . . . May.......... 92,4 93 83.432 440,674 380.370
Twin City Rap. Tran. April......... 165,804 L55.393 653,223 609,312:
Union (Pi. Bedford).. May........... 15,545 18,159
71.485
83,881
United Tract. (Pitts.) May........... 133 533
596," 95
United Tract. (Prov.) A p r il...... 133,995 134,014 525,239 512,808
Unit. Trae. (Reading) April......... 14Í029 13,260
50,781
47.532
Wakefield & Stone.,..
4,861
4,880
19,157
19,437
Water bury Traction. Mav........... 21,985 22,413 106,056
94.958
West Chicago St. Ry WkJunelJ 79,184 77,467 1,677,334 1,618,337"
Wheeling Railway... Maroh....... 12,450 12,444
39,276
36.532
Wilkesb.& W.v. Valley A p r il....... 37.091 35,538 152,325 147,367
* Includes Baltimore Traction and City A Suburban for both years.
(Trolley oars commenced running on Brooklyn Bridge February 16,.
1893. which accounts for decrease in company’s earnings.
t Strike during 15 days of March, 1893; no oars running.

Street Railway Net Earniags.—In the following we show
both the gross and the net earnings to latest dates of all St r e e t
railways from which we have been able to procure monthly
d ef.l«,350
df.130,071 returns. As in the case of the steam roads, the returns of the
iifferent roads are published by us each week as soon as re­
21
def.6,845 ceived, and once a month (on the third or the fourth Satur­
def.2.602 day of the month) we bring all the roads reporting together*
4,471 as is done to-day.
def.6,163
def.6,415
def. 10,663
3.554
*1,272
*9,466
1,269
def.41,713
5,030
89,040

Gross E arn ings.—
-Net E arn ings.— 1898
1897.
1898.
1897.
Roads.
Akron Bed. & Oiev..Apr.
6,377
6,373
416
1 ,3 5 0
Jan. 1 to Aor. 3 0 .. ..
23,441
23,419
2,059
2 ,5 0 3
Amsterdam St. Ry... Apr,
3,904
3,604
658
335
Jan. 1 to Apr. 3 0 .. ..
15,724
14,061
3,136
1,876
Atlanta Railway.......Apr.
7,039
6,971
1,513
1,957
Jan. 1 to Apr. 3 0 .. ..
25,880
23,598
3,868
4,*402
Bath St. Ry.(Maine). Apr.
1,639
1,510
509
845
Jan. 1 to Apr. 3 9 .. ..
5,609
5,292
143
3,227
* Alter allowing for other income received.
Bay Cities Con.St.Ry. Apr.
6,146
6,181
1,964
1,792
Jan. 1 to Apr. 3 0 ___
24,785
24,437
7,616
7,315
Binghamton St Ry..Apr,
11,233
10,929
STREET RAILWAYS AND TRACTION COMPANIES.
3,651
4,380
Jan. 1 to Apr. 3 0 .. ..
44,616
40,502
13,346
11,012
Traot’n..Apr.
25,900
24,429
10,411
7.972
The following table shows the gross earnings for the latest Bridgeport
Jan. 1 to Apr. 3 0 ___
100,312
91,562
38,724
28,783"
period of all s t r e e t railways from which we are able to ob­
July 1 to Apr. 3 0 ....
273,817
262,596
121,197
102,213
tain weekly or monthly returns. The arrangement of the Brockton Con.St.Ry.Apr.
26,070
25,081
8,083
8,34ft
table is the same as that for the steam roads—that is, the
Jau. 1 to Apr. 3 0 ....
97,561
91,625
32,777
24,673
first tw o columns of figures give the gross earnings for the Charleston City Ry..Apr.
15,005
4,778
Jan. 1 to Apr. 3 0 ....
52,102
latest week or month, and the last two columns the earnings
14,42»
July 1 to Apr. 3 0 .. ..
136,453
5 2,0 d7
for the calendar year from January 1 to and including such
Cit.St
Ry.,Muu.
(Ind.)Mar.
5,545
4,507
3.029
1,911
latest week or month.
Jan. 1 to Mar. 3 1 .. ..
16,223
13,102
8,722
5,768
STREET RAILW AYS AND TRACTION COMPANIES.
City Eleo.(Rome,Ga)Apr.
1,682
1,658
160
261
Jan. 1 to Apr. 30 . . .
6,335
5,949
39
856
Latest Gross Earnings.
Jan. 1 to Latest Date. Cleveland Electrio.. Apr.
139,910
128,817
54,593
38.931
Jan. 1 to Apr. 3 0 .. ..
516,920
500,780
212,962
170,830
G r o ss
Olev. Painesv. & E ..A pr,
5,662
7,028
Week or Mo 1898.
2,928
2,739
E a r n in g s ,
1897.
1898.
1897.
Jan. 1 to Apr. 3 0 ....
23,824
20,548
8,554
7,689
Jolumbus
(O.)
St.
Ry.May
63,346
48,890
33,728
25,80ft
$
9
$
I
S
Jan. 1 to May 31__ _
267,887
231,632
23,419
138,501
23,441
6,377
6,373
120,007
Akron Bedf’ d A Clev April.........
3,904
3,604
15,724 1 14,061 ConsoLTraet’ n.N.J.bApr.
Amsterdam 8t. R y.. April.........
252,290
233,813
128,390
126,822
6,971
7,08t
25,881 1 21,598
Atlanta Railway . . . April.........
Jan. 1 to Apr SO . .
935,215
883.540
478,794
442,084
888.788 I 868.444
Baltimore Con. Ry.*... M a y .___ 21M 41 207,748
July 1 to Apr. 3 0 .. .. 2,561,331 2,360,815 1,309,143 1,179,582
1,639
5,609
5,292 Danv.Gas El.-L.&St.Ry. Apr. 8,519
Bath 8t. Ry. (Maine) April........
1,510
8,330
3,778
3,814
6,14t
24.4 )7
Bay Cities Consol... April........
6,181
24,785
Jan. 1 to Apr. 3 0 .. ..
36,934
34,833
17,692
16,23ft
40,502
Binghamton 8t. R y... A p r il....... 11.233 10,929
44,616
53,899
91,562 Denver Con. Tramw. Apr.
57,189
25,900 24,429 100,312
23,171
Bridgeport Traction April __
24,792
Jan. 1 to Apr. 3 0 ....
218,267
211,321
9 7,564
94,625
83,116
Brockton Con. St. Kv April......... 20.070 25.081
88,767
Brooklyn Elevatedt- April......... fl27,836 H50,8d0 t553,600 t58l,951 Detroit Citizens’St. Ry.May 94,310
89,255
45,805
43,249
Br’klyn Rap. Tr. Co.—
Jan. 1 to May 3 1 ...«
450,157
414,595
208,997
190,693'
Brooklyn Heights ) May........... 528,348 188,059 2,287,315
31,579
34,171
2,036,048 Detroit Electrio Ry. .May
10,125
11,309
B ’klyn Q’ns A Sub. )
Jan. 1 to May 3 1 .....
161,562
166,093
54,773
52,658
52,102
Charleston City R y.. April......... 15,005
Duluth
Street
Ry....Mar,
16,312
15,508
7,392
Oin. A Miami Y a l.. .. M ay........... 11,032
5 858
Jau. 1 to Mar. 3 1 ...
46,763
42,566
79,902 68,031 315,395
19,718
Citizens’ 8t.Ry.,Indp. A p r il___
283,626
13,270
July 1 to Mar. 3 1 ....
4,507
152,076
5,545
154,100
13,102
73,523
Oitlz ns’ (MuncieInd.) March____
16,223
68,425
1,682
1,656
6,335
City Elec. (Rome.Ga.) AprU........
5,949 Ft.W’ne&B I.Ry(Det.)May
15,364
13,202
6,550
5,093
Cleveland Electrie... vlay ......... 143,653 139,300 690,573 640,030
Jan. 1 to May 3 1 ,. ...
72,537
66,343
27,937
21,923
5,662
23,824
7,028
20,548 Dalveston City Ry..Mar.
Cleve. Painsv. A E. April.........
15,668
14,559
def.51
3,718Columbus St. Ry. (O.) May.......... 63,346 48,890 267,887 231,682
18,643
15,956
Consoll’d Trac. (N. J.) April,....... 252,290 2 j 8,813 965,245
883,540 Harrisburg Traot’n..Apr,
9,418
6,888
Jan. 1 to Apr. 3 0 ...
72,916
63,186
35,911
Danv. Gas El. Light &
24,127
July 1 to Apr. 30 . . .
April.........
199,209
8,519
8,330
36,984
34,833
182,333
93,982
72,357
214,321 Herkimer Mohawk Ilion
Denver Con. Tramw.. April......... 56,899 57,189 218,267
Detroit Citi’ns’ 8t.Ry. May........... 94,310 89,255 450,157 414,595
& Frank. Eleo.Ry..Ayr.
3,570
3,518
1,943
1,889
M a y ....... 31,579 34,171 161,562
166,098
Jau. l t o Apr. 3 0 ....
13,211
14,189
6,212
7,051
57,498
54,518
Duluth St. R y.*......... April......... 14,811 15,040
Inter-State
Consol.
Street
9,116
21,089
19,374
Erie Eleo. Motor Co.. February.. 10,103
Ry. (No. Attleb.) ..Mar,
10,297
9,523
2,091
1,472
Ft. Wayne A BeUe
Jau. 1 to Mar. 3 1 .. ..
27,801
23,843
2,228
1,965
Island (Detroit). . . . May. . . . . . 15,364 13,202
66,343
|72,537
Lehigh
Traction.c...May
7,357
2,284
8.673
3,220
Galveston City R y ... M arch ..... 15,668 14,559
Jau. 1 to May 3 1 . . .
37,795
13,641
Harrisburg Traction. April......... 18,643 15,956
12,108
72,916
63,186
40.424
July 1 to May 3 1 .. ..
97,959
Herkimer Mohawk I)
103,871
45,663
45,89ft
3,570
3.513
13,211
14,189 London St.Ry.(Can,).May
ion A F’kfort El. Ry. April.........
7,894
7,714
2,477
3.085Houston Eleo. St. Ry. March....... Î7.294 14,005
37,861
41,515
Jan. 1 to May 3 1 ....
37,624
33,952
11,791
11,157
Interstate Consol, oi
LoweU
Lawr’ce
&
H.
Apr.
31,896
31,420
14,614
12,919
9,523
27,B01
26,843
North Attleboro___ Maroh....... 10,297
Jan. 1 to Apr. 3 0 ___
120,017
114,451
34,838
40,267
4,847
5,335
20,082
20,639
Kingston City Ry— M ay...........
7,357
M ay...........
159,853
142,994
65,285
8,673
40,424 Metro’n St. Ry.,K. C. Apr.
37,795
60,147
Jan. 1 to Apr. 3 0 ....
526,851
7,894
7,714
37,624
602,247
219,557
33,952 \
211,985
London 8t. Ry. (Can.). M ay...........
June 1 to Apr. 30 . . . 1,774,123 1,609,821
788,760
120,017 114,451
686,656
Lowell Law. A H av.. April ____ 31.896 31,420
Metrop. (Kansas City) lstwk J’ne 40,663 36,037 816,344 723,041 Metr.W. Side El.,Ohio. Apr.
105,459
33,202
411,101
Metro. W. Side (Chic.) April......... 105,159
Jan. 1 to Apr. 3 0 ....
411,101
152,017
5,500
21,582
5,478
Montgomery St. Ry.. May..........
22,738
Montgomery
St.
Ry.May
5,500
5,473
3,291
2,547
*03,415
Montreal Street R y... May........... 123,508 116,339 561,730
Jan, 1 to May 3 1 .. ..
22,738
21,532
11,558
9,917
Nassau Eleo. (B’klyn) May........... 187,145 173,073 772,882 648,850
6.980
6,699
6,980
6,899
25.740 Newburg St. Rv.........May
3,112
26,980
3.267
Newburg St. Ry......... M a y .......
Jan. 1 to Mat 31 . . .
3,029
10 936
25,740
3,050
11,295
26,980
8,*<¡54
8,291
New London St. R y.. April.........
July 1 to May 3 1 . . . .
75,846
75,143
31,817
31,083
New Orleans Traction May........... 125,299 119,485 566,740 511,163
41,501 New London St. Ry.Apr,
46,027
Norfolk St. Ry........... April......... 13,199 11,479
3,029
3,050
336
460
North Chic. St. R y ... May........... 218.670 237,659 1,154,372 1,087,376
Jan. 1 to Apr. 30 . . .
1 1 ,¿95
10,036
170
9 17
North Shore Traction April.’. . . . . 106,055 104,051 3 94 ,"3 7 383,546 New Orleans Tract.. Apr.
103,991
10 ,0 16
4 4 .7 '4
37.181
4,160
1,334
1,20*
4,336
Ogdensburg St. R y... April.........
Jan. 1 to Apr. 3 ) . . .
411,411
18 >.419
4 ìl.6 78
148.547
95,235
10V360
Patemm Ry.............. April......... 28,141 26,184
106. '55
40,1 7
4 3,780 North Shore T.raot’o . Apr.
104,051
38.516
56.40
Richmond Traction.. May........... 19,174 13,133
34.3 h.
JaD. 1 to^,pr. 3 o ....
23,997
3 4,737
7,443
383 *>43
ii«>.7ea
8,897
Roxo’h < h.H.A Nor’n M a y .......
1 6,108
Oot.
1
to
\pr.
30
.
.
.
7
3
1
,2
/4
5,31.
5,09t
20,031
701.461
2)6,791
M
ay...........
22,23
251.73
1
Schuylkill Val. Trae
2.74-1 2.852
10,936
Borant<>n A < arbond’e A p r il.......
Paterson Rail w a y ... Apr.
28.141
26, '8 4
11,234
11,415
IQ
O
»
1
ó
4.66
4.59
\pril
(Scranton A Pittston
107,334
Jan. 1 to Apr. 3 0 ....
95,235
42,261
3 8 ,4 0 9




THE CHRONICLE

1186
*— Gross E arnings.----.
1898.
1897.
$
Roads.
13,133
19,174
Richmond Trac.b.,..May
7,443
8,892
Roxb’ghChes Hill&N.May
21,997
34,331
Jan. 1 to May 31.......
5,093
5,315
Sahuyl. Val. Tcao-.-May
20,031
22,239
Jan. 1 to May 31----2,852
Soranton <&0 irbon.. Apr.
2,743
10,936
Jan. 1 to Apr. 30 . . .
July 1 to Apr. 3 ) ....,
32,699
4,632
4,593
Scranton & Pittston. Apr.
18.334
Jan. 1 to Apr. 3 0 ....
13,28 3
July 1 to Apr. 3 0 ,...
51,918
23,951
30,667
Scranton Railway...May
134,381
1*7,153
Jan. 1 to May 31.......
325,986
351,635
July 1 to May 3 1 .....
155,333
165,804
Twin City Rapid Tr.Apr.
6)3,312
6 >3.223
Jan. 1 to Apr. 3 0 .. ..
133.533
United Tract.(Pitts.) May
5 9 6",795
Jan. 1 to May 3 1 ., ...
July 1 to May 3 1 ..... 1,343,443
22,413
21,935
Waterbury Trae.C o. .May
106,056
94,958
Jan. 1 to May 31.......
159,239
173,179
Oct. 1 to May 31.......
35,538
37,091
Wilkesb. & Wy. Vy.Tr. Apr.
147,367
152,325
Jan. 1 to Apr. 3 0 ....

Net Ear-nines.—
1893.
1897
$
5,607
12,087
3,2 22
3,422
6,206
11,000
1,413
1,415
4,197
1,422
1,263
4.537
14,101
1.747
1,078
6,670
5.214
19,2 46
14,337
15,115
82,347
61,254
151.531
173,831
73,274
82,629
274,343
3L7.42 )
74,176
30 1,142
-- .m
m
m
m
720,320
10.43 2
8,431
40.043
44,130
70,599
75,380
23,451
19,968
86,024
76,631

[V ol.

LXVI.

North American Company — Milwaukee E lectric Ry &
Light Co.—Cincinnati Edison Co.
(.Report fo r the fiscal year ending May 81, 1898.)

P re s id e n t C . W . W e t m o r e s a y s in p a r t ( a d d itio n a l e x tr a c ts
w ill b e g iv e n n e s t w e e k :)
Financ al Condition. - T h e e a r n in g s o f th e c o m o a n 7 h a v e
e x c e e d e d it s e x p e n s e s w it h o u t t h e re c e ip t o f a n y in c o m e
f r o m its p rin c ip a l s to c k in v e s t m e n t s .
I t is e x p e c te d t h a t
d a r in g th e c u r r e n t fiscal y e a r p a r t a t le a s t o f th e se in v e s t ­
m ents0 w ill b e e s ta b lis h e d on a p e r m a n e n t d iv id e n d p a y in g
b a sis. T h e c o m p a n y h a s n o in d e b te d n e s s o f a n y k in d , is a
le n d e r o f m o n e y , a n d it s r e so u rc e s in c a s h a n d q u ic k asse ts
are s u b s ta n tia l.
I t is th e r e fo r e iu a p o s itio n a d e q u a t e ly to
d e v e lo p s its in v e s t m e n t in te r e s ts , a n d to u n d e r ta k e s u c h n e w
b u s in e s s a s m a y c o m m e n d it s e lf t o c o n s e r v a tiv e m a n a g e m e n t.
Milw luJcee Electric R j. & Light C o .— T h e a ffa ir s o f th e
M ilw a u k e e E le c t r ic R y . & L i g h t C o . h a v e m a d e g r a t i f y i n g
p r o ?re3S d u r in g th e p a s t y e a r .
On. M a y 3 1 s t, 189 1 , th e C o u r t
ren d ered its d e c is io n d e e la r in g t h e fo u r -c e n t -f a r e o r d in a n c e
v o id an d m a k in g th e in ju n c t io n a g a in s t it s e n fo r c e m e n t p e r ­
m a n e n t.
[T h e n f o llo w s th e c lo s in g p a r a g r a p h f r o m th e d e ­
cree t h a t w as c ite d in th e Chronicle o f J u n e 4 , p a g e 1089;
see a ls o e d ito r i al in i s s u e o f J a n e 11, p a g e 1 1 U . ]
a Net e*ratals here given are after deducting tares,
T h e p h y s ic a l c o n d itio n o f th e e n tir e M ilw a u k e e s y s t e m an d
b Net aruiugs here given are before deduosing tar «
its e q u ip m e n t h a s b een im p r o v e d to a m a r k e d e x te n t, a n d th e
c Net earnings are after deducting taies and tire aad accident insum a n a g e m e n t c o n tin u e s to b 9 i u t h e h ig h e s t d e g r e e e fficie n t
ance.
a n d s a t is fa c t o r y .
Cincinnati Edison Electric Co — T h e e a r n in g s o f t h e c o m ­
Interest Charges and Surplus — The follow in g S treet
railways, in addition to their gross and net earnings given i d p a n y d u r in g th e p a s t c a le n d a r a n d fis c a l y e a r h a v e s h o w n a
the foreg oin g , also report charges for interest, & o ., with tfn s u b s ta n tia l in c r e a s e o v e r th e p r e c e d ia g y e a r , a n d th e p r o s ­
pects for th e f u tu r e s a t is fa c t o r y d e v e lo p m e n t o f its b u sin e ss
surplus or defioit ab ove or below those oharges
are b e tter n o w th a n a t a n y tim e iu it3 h is t o r y .
r— lnt.. rentals, etc.— . «-B al. o f Net Barn's 1897.
1898.
1897
1898
Caoital'zxtion .— T n e id e a o f t h e r e d a c tio n o f th e c a p ita l
$
$
$
R oads.
$
707 o f th e c o m p a n y , w h ic h w a s s u g g e s te d i u th e l a s t r e p o r t, h a s
26 2
1,250
'1,250
Atlanta Railway...... Apr.
def.1,132
def.598 n o t b e e n a b a n d o n e d , a n d , a fte r s o m e f u r th e r a d v a n c e m e n t in
5,000
Jan. 1 to Apr. 30 . . .
5,000
15,594 i t 3 a ffa ir s , an d w h e n g e n e r a l b u s in e s s c o n d itio n s s e e m t o w a r ­
12,919
111,223
Consol. Tr. of N. J .. Apr.
115,471
248 r a n t th e fo r m u la t in g o f d e fin ite p la n s , t h e s u b je c t w i ll b e
441,336
16,893
Jan. 1 to Apr. 3 0 ...'.
461,896
5.99 5 b r o u g h t f o r m a lly to y o u r n o tic e .
4,324
18,797
Denver Oon.Tr amw. Apr.
18 817
Financial Statement.— T h e asse ts a n d lia b ilitie s o n J u n e 1
14.691
8,047
74,076
Jan. 1 to Apr. 30 . . .
75.069
a n d th e in c o m e a c c o u n ts fo r th r e e y e a r s p a st w e r e as f o l l o w s :

Paterson Railway... Apr.
Jan. 1 to Apr. 3 0 .. ..

8.900
35,600

9 ,0 )0
36,324

2,334
6,881

2.415
2,03 5

Roxb’ghChes.Hil&N May
Jan. 1 to May 3 1.......

2,187
10,697

1,937
9,491

1,2 25
303

1,285
def.3,2 <5

Twin City Rapid Tr.Apr.
Jan. 1 to Aor. 3 0 .. ..

65.221
280,176

64,533
2 56,962

17,403
57,25 3

8,741
.17,836

United Trae. (Pitts.) May
July 1 to May 31.......

54,405
542,Ou6

Watt rbury Tract'n .. May
Oct. 1 to May 3 1 .....

3,307
28,532

19,771
178,290
2.991
30.90 L

5,124
46.SL3

ANNUAL REPORTS.

7,442
39.698

TREASURER’ S STATEMENT JUNE 1 .

Assets.
1898.
$

1897.
$

1896.
$

'2,416,500. 2,390,800 2,390,800
val.) ..............................................
Mil. El. Ry. & EL. Co com. stock (par
val.)........................................................ 3,073,000 3,078,000 3,078,000
382,733
382,733
38 2. 0 »
Cin. Ed. El. Co. stock (par val.).........
....__
100,000
55,000
Mil. El. Ry.& L.Co Con.m. 5.3 (parval )
105,000
Cin. Ed. El. Co. 1st m. 5s (par v a l) .. . 300,000
39,741
25,204
25,60 4
Misoeil. seour ties and proparty....... .
253,130
22 2,403
Accounts receivabe............ ............... . 161,025
352,738
376,206
Demand & tithe loans secured by coll.. 387,5 43
4,301
4.300
Suspense account .................
434,565
283,759
. 219,025
Cash............ ...................................

L iabililies.
Annual Reports.—The follow in g is an index to all anna a]
reports o f steam railroads, street railw ays and miscellaneous
The company has no labilities except current corporate expenses
companies w hich have been published since the last editions of administration and except an open account of $ 17,66) ariung out
of the contract under which the eomp tny origina ly acquired its prop­
o f the I nvestors ’ and S treet R a il w a y S upplements .
erty, which is carried as a contingent liability.
T h is in d e x d oes not in c lu d e r e p o r ts in t o -d a y ’s C hronicle .
R a il r o a d a n d M is c e l . C o ’ s
V olu m e 6 6 —
P a ge.
Am erican T ob a cco.. . . . . ................ 950
Bangor & A roostook ........................ 855
Chicago Edison.................
»51
C hicago & North W estern............... 1080
Chicago R .I. & P ac................1080,1091
Chic. & W est M ich......................... 854
Gin. Ham. & Dayton Rv. System .. 808
Cincinnati & Musk. V a lley............. 855
Cleveland & M arietta...................... 950
C leveland & Pittsburg..................... 919
Des Moines & Ft. D od ge................ 1087
Detroit Grand Rapids & W estern. 855
Dom inion Coal Co. (L im ited).: — 1087
Erie Telegraph & T elephone........ 951
Flint & Pere M arquette.................. 854
■General E le c tr ic........................854, 858
Lake Shore S M .S ...............
890
L . Shore Sys.—Mahoning Coal R R. 8 h7
Lamson Consol. Store Service Co..104 2
L ouisv. Ev. & St. Louis Cons. R R.. 999

INCOME ACCOUNT FO R Y E A R ENDING M AY 31.

R a i l r o a d s a n d M is . C o . (O o n .)—
f 1896.
1897.
1893.
V olu m e 6 6 —
P a ge.
$ 16,003) $39,257
Lehigh & Wilkesbarre C oal........... 808 Receipts.—Coupon inter’ t & div’ds..
$129,806
M exican Central............. .’ ...................80S
34,094 S
From interest and commissions..
Mexican Telephone..........................1<)87
Michigan Central ............................. 897
$129,806
$50,102
$39,257
Total income......................... .
Monongaheta River R R ................. 9>0
New England Telephone & T elg.. 951 Expenses.—Salaries, legal expen’s,
$34.283
$31,518
$30,569
N. Y. Chicago & St. Louis................ 8 ii
rentals etc.........................................
6,202
Ohio R iver R R ................
10U
6,364
5,894
Taxes ..............................................
Paciöc Mail SS. C o ............................ 1042
132,050
2,533
Interest
paid..................................
Philadelphia Company................. 952
Pittsburg & Lake Erie ............. ... 808
........................ sur.$13,639 def. «1,158 def.$42,729
Balance..
R eece Button Hole Mach. C o ...... 809
—Y. 64, p. 1179.
St Louis Term , Cuuples Station
Prop. Co., laj£ months.................. 1037
Standard R ope & Tw ine.................. 951
Southern Cotton Oil.
S w ift* C o ..................
809'
United Gas Impt..................................89('Report
for
the year ending April 80, 1898. J
U. S. Rubber C o........... .....................1000
W estern Union Telegraph............. 1133
P r e s id e n t H e n r y C . B u t c h e r s a y s :
W ilm ington & Northern R R .......... 950

The Treasurer’s report herewith shows no1: profits for the year of
$239,036. In arriving a - this result, all repairs and improvements
made to the mills during the year have, as usual, been charged to ex­
pense account. The principal improvements, involving the expendi­
ture of some $30,000, were au increase in storage capacity of about
2,500 tons at Montgomery, Ala.; additional large seed and hull house
T h e re p o r t g iv e s th e f o llo w in g r e s u lts o f o p e ra tio n s :
at Atlanta, Ga.; equipping entire system with automatic weighing
INCOME ACCOUNT.
scales, and, in compliance with the requirements of the Inter-State.
1895.
1894.
1896.
1897.
Commerce laws, equipping your tank cars with air brakes, draught
$287,803 rigging and automatic couplers. In addition to this $26,000 has been
$296,474
$304,715
lie t earnings............ ...$ 2 8 2 ,4 0 2
18,660
7,4 L3 written off for depreciation. All of your mills have been in successful
1,381
1,645
Other income....... .
operation during the past year.
$323,375
$295,221
$297,855
The permanent investment account has been increased by $36,138
Total n e t................ ...$ 2 84 ,0 47
375,000
375,000 since the last report, owing, in part, to the erection of a refinery at
337,500
Dividends................. . . . 300,000
(2ia p. c.)
(2ia P. c.) Savannah, Ga., capable of handling the entire output of five of your
(2*4 p. e.)
Rate of dividend.... . . . (2 p. c.)
crude oil mills, as well as outside business. The results of this refinery
Balance.............. def. $15,953 def. $39,645 def. $51,625 def. $79,779 for the past year have been most gratifying. Your company ha3 also
19,553
59,198
110,822
190.601 acquired a mill at Barnwell. S. C., at a figure much below cost, which
Surplus Jan. 1.........
has also been oharged to this account. This mill will be of value in
$110,822 supplying crude oil to the new refinery.
$19,553
$59,197
$3,600
#
Surplus Dec. 31 . . . .
Since your books were closed on April 30th, there has been a marked
GENERAL BALANCE SHEET DECEMBER 31, 1897.
advance in the price of oil, which will pay a handsome profit on the
values at which your unsold product was taken to account.
L iabilities—
Construe. & equipm’t.$28,576,393 Capital stock................ $15,000,000
T h e n e t p ro fits , d iv id e n d s an d b a la n c e -s h e e t h a v e b e e n :
St’ks of oth. cos. own’d 3,056,088 Bonded debt (See I n­
1894-195.
18)5 96.
1897-98.
1896-97.
v e s t o r s ’ S u p p l e ’ t ) . 19,577,131
1st M. bonds of other
$210,462
$30 820
$239,036
$03,0 25
150,000 Net profit..............
companies ow ned... 2,901,372 Div.pay’ble Feb. 1 ,’98
(6%)
«120,000
(6%)
120,000(4%
)
80,000
Dividend..............
Div.
due
and
unpaid..
174
Other investmts, etc.
40,522
894
Due from Mich. Cent.
132,244 Accounts payabl •........
$90,462
$30,820
d
f.$
46,975
$119,036
Surplus..............
3 ,6 0 1
Cash and cash assets.
25,182 Income account..........
407,119
420,964
437,939
Balance forward.
Total........................$34,731,801
Total........................$34,731,801
$420,964 $437,939
$5 40,009
Total surplus...
—Y. 65, p. 1217.

Canada Southern Railway.
( Report fo r the year ending Dec. 81, 1897.J




THE CHRONICLE

J oke 18, 18V8.J

GENERAL BALANCE SHEET APRIL 30, 1898.
Assets.
iPlant................................ $1,939,725
Prepaid insurance.........
10,396
Cash..............................
65,487
Bills and accounts receivable........................
116,662
Merchandise and sup­
plies.............................
819,005

I
L iabilities.
|Bills and accounts pay1 able .............................. $461,275
I Capital stock................. 2,000 000
|Undivided profits.........
540,000
I
I

Total...............................$3,001,275 I Total...............................$1,001,275

—V. 64, p. 1179.

E lectric Storage Battery Co.
(R eport fo r the year ending Dee. 31, 1897.)
The statement of earnings for the late fiscal year was in
the Chronicle of March 26, page 614. The report of Presi
dent Rice, which is now at hand, says in substance:
Prospect o f Dividends—“ The earnings for 1897 having
justified the expectation of dividends, 1 deem it important to
state the reason why they have not been declared. In 1895
the company purchased a number of patents for cash, while
•experimental demonstrations on a large scale also required
cash outlay, all of which payments could be met only out
of the profits of the business Since 1895 there has been no
necessity of any such expenditures, and therefore if the
results of 1893 should equal those of 1897, the company will
be in a position to consider dividends out of such profits as it
may make, beginning with the year 1899.
Current Earnings.— “ Notwithstanding the war, our sales
for the first five months of the current year, namely from
Jan. 1st to May 31st, am Hint to $314,488, as against $341,0 7
for the same period last year, and as last year’s sal;s to the
amount of $218,310 were not included in last year’s earnings,
but carried over to this year, the total for the first five
months shows $532,798, as against $341,078 for the first five
months of last year.
Increased Use o f Storage Batteries.—“ In 1895 our manufac­
turing profits were but $15,096. In 1393 they had increased
to $141,993 and in 1897 to $325,291.
1 have no hesitation in
expressing my belief that this rate of increase not only can
be maintained, but even increased, as it is evident that we
are witnessing only the beginning of the development of the
storage battery industry.
“ Taking for instance the company’s business in connection
with electric illuminating plants, we find that it embraces to
date only eleven cities in the United States, while only fif­
teen trolley companies, only twenty-six office buildings, and
only twenty-seven, private residences have as yet been
-equipped with our product. Bearing in mind that the in­
vestment in electrical operations in the United States amounts
to about $3,009,000,0l>o and that the total sales of the com­
pany amount only to about $2,500,000, or one-twelfth of l
per cent, there can be no doubt but that the scope for the
annual development of our business will be practically un­
limited for years to come.
“ Important progress was made during this year by the
equipment of the Buffalo Street Railway with -torage bat­
teries in connection with Niagara p ow er; the power thus
•stored being carried thirty miles from Niagara Falls with
most satisfactory results. The substitution of storage bat­
teries for primary batteries for telephone service has already
been adopted in over thirty cities, in one case 12,000 primary
cells being replaced by 10 storage battery cells.
“ A year ago we had in use by electric vehicles altogether
7,406 plates, while this year this service already utilizes 45,841 plates. The Electric Vehicle Co. has gone into the cab
and livery business on a large scale in New York, and within
a few weeks will have 114 cabs in service. The-Pope-Minufaoluring Co. is also constantly increasing its manufacture
of private conveyances. There is no question but in the near
future delivery wagons and omnibuses propelled by elec­
tricity will come largely into use,
“ The Eaglewood & Chicago Electric Street'Ry. has now
been in operation for an entire year, and the work of thebatteries has been remarkable. Nearly 20,000 miles have now
b9en made by single batteries which from all appearances are
still perfectly good, and the entire operation of approximately
600,000 car miles has as yet not cost anything for battery
maintenance or repairs. W ith these results achieved it can
now be positively stated that storage battery traction is the
cheapest form of electric traction, not only in the installa­
tion, but also in the operation.
“ In car lighting, notable progress has also been made, partic­
ularly in conjunction with the National Electric Car Light­
ing Co,, whose system gives light by means of storage bat­
teries connected with dynamos placed on the axle. This
company has now installed fifty-four cars on the Santa Fe
Road, which have given 00 great satisfaction that a large
development for this use may b s deemed to be close at hand.”
—V. 66, p. 614.

GENERAL

INVESTMENT

NEWS.

Reorganizations, Etc.—Latest Data as to Defaults, Reor­
ganization Plans, Payment o f Overdue Coupons, Etc.—A ll
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 following index,
This index does not include matter in to-day’s C h r o n ic l e ,
As to some smaller companies see also p. 1138, issue of June 11.




R a il r o a d s

and

Volume 66—

1187
M is c e l .

Co.’s.

Page.

A tchison Col. & Pac ...............soM.1043
At.cb. Jewell Co. & West..saZe.9f>2,1139
Balt. & Ohio........ coupo s.856,85», 1013
do
do
deposits requested. 1000
do
do foreclosure of B & O 1083
Brooklyn & Brighton B..rec»s. ctfs. 810
do
............. foreclosure. 1-58
Cape Fear & Yadkin V alley... .sale. 89 *
Central B -..U .P sold.»bS,l0\S,plan 1139
Cent. Pacific. ..committees co ¡solid. 858
do
do
crm •iis«iow.t08S
Cen. V erm ont.bondh’der*' circular. 899
do
do
foreclosure. 1041
Cent. Washington.reoro. 856; plan. 953
Cincin. & Musk. Val. coup, paym’ts 856
do
foreclosure.lOH
Chic.Peor.&St.L default continued.1044
Ciiic. <£ W est Michigan__ coupons.'1014
Cleve. Canton & South.sale ordered.1139
Cleve. & Sandusky Brewing Co.
consolidated co opany 1139
Col. H ock.Val. &Tol. .foreclos.9 >0, 1044
Col. & Cin. Mid...... Jan. coupon pd. 953
Col. Sand. & Hocking., .reorq. plan.1001
E igle & Phoenix M tg. Co.......sold. 1140
Excelsior Springs R R ..........reory. 1140
Galv. La Porte «xHouston.saie 953,1110

R a il r o a d s *

Volume 66—

M is . C o .’ s — (C o n .) —

Page.

Kingston & Pembroke R R ...r e o rj. 1045
Little Hook & Memphis,................... 954
Louisville Eyans, &St. L., c iupons.1089
do
do purchase of L. & S t.L . 1089
N ewEagland
.lease and merper. 1092
New Orleans & W est ...recns. crts. 1016
N. VT.Phil.&Nor. .reorj.665,770,811,
1046,1141
Ogdenshurg& L .C ham p..sold.90l, 1141
Ohio Southern. ...foreclosure decree. 1002
Oregon Im p... to-.io securities ready. 1002
Phil. Read. & N. E ..piaa.574,771, 811
do
d)
.dev is its-p m alty. 901
Pitts. & Weetern.ertea. o f ponds... 1090
Tol. St. L. & Kan.City .appeal.906, 1003
Union Pac__ Kan. City coasols pd. 955
do
.Hit. Div. bits, o' 1866 pd. 955
U. P. Den. & G u lf..........r eorg. 811, 955
West V irginia* Pitts.de/auit, 665;
deposits requested. 812. 908; recnrs. 908
W heeling & Lake E rie ....
ulan.1142
Wisconsin Ceatr ,1...re o rj.mattecs.il43
St r e e t R a i l w a y s .
Bloomington & Normal St. Rr.*ol 1.1038
Newburg Elec. Ry.............. default. 1090
Union Trac, o f N. J..deposits. 1090,1142

American Sugar R efining—Standard Oil.— Tax on Gross
Receipts.—Section 27 of the Revenue Bill, which is published
on subsequent pages of to day's C h r o n ic l e , contains the pro­
vision that every person, firm or corporation carrying on the
business of refining petroleum or sugar, or of “ owning or
controlling any pipe line for transporting oil or other prod­
ucts, whose gross annual receipts exceed $150,003, shall be
subject to pay annually a special excise tax equivalent to
one quarter of one p 3r cen t” on their gross receipts ia excess
of $250,000. Returns mu 3t be rendered monthly. The
question is raised whether gas and water c »mpanies are
covered by the words “ pipe line for transporting oil aud
other products.”—V. 66, p. 519, 9 j6.
A tlantic Transportation Co.—New Enterprise.—The
“ Providence Journal” gives the following fa its touching
this cirporation, which last January raised its capital stock
from $L 0,000 to $3,000,030, divided into 30,000 shares of $103
each:
This company has agreed to traa-^po-t all tin output of the im­
mense New River coal mines, from Newport News, Va., to points
both north and south, and will be obliged to handle millions of tons
annually to carry out its contract. Sherwood & Besse are general
managers and agents, with offices at No. 1 Broadway, New York.
A great fleet of steamers, tugs and barges of the largest size has
already been assembled. A. considerable proportion of these vessels
has bt-en bought outright. The rest are under charter. More big
coal carriers will be added, until a fleet of sixty vessels will be con­
trolled with a carrying capacity of about 90,000 tons. The ooncern
has contracted with one of the largest firms in Providence to deliver
it 150,000 tons of New River coal.

The company has no bonded indebtedness. Tne officers
aud directors were given in V. 68, p. 183
B loom ington (111.) & Normal (E le ctric) R R .—Reorgan­
ized Company.—This company has been incorporated with
$250,000 of capital stock as successor of the Bloomington
City Railway Co., foreclosed under the second mortgage.—
V. 66, p. 1088.
B rooklyn Elevated RR.—Service Over Brooklyn Bridge to
Begin Saturday.—The company will run its first passenger
train across toe Brooklyn Bridge to-day and will continue
the service during the a'ternoon for the convenience of
Sheepshead Bay pas3edgers. To-morrow the regular service
to New York will be begun by the Fifth and Lexington
Avenue lines. The trains will be run at infrequent intervals
at first, but before the end of a week it is expected to operate
Myrtle Avenue trains also, aud a schedule of three minutes
headway will shortly be adopted. Eventually it is the inten­
tion to withdraw the bridge trains and to allow the elevated
roads to operate the bridge railroad. —Y. 66, p. 1003.
Busk Tunnel Ry.—Deposits Called For.—The committee
appointed at a meeting held Aug. 4, 1897, to protect the
interests of the holders of the first mortgage bonds requests
holders of such bonds to deposit the same with C. J. Hambro
& Son, 70 Old Broad Street, London, E. C., where copies of
the committee’s report as to the present position can be ob­
tained, and the form of certificate to be issued by the commit­
tee against deposited bonds can be inspected.—Y. 65,p. 367.
Cape Fear & Yadkin Valley R y .—Case Carried to U. S.
Supreme Court.—Upon the application of C. Adolph Low
and others, representing the New York Committee, the Su­
preme Court of the United States has granted a writ of cer­
tiorari to review in that court the recent decision of the Cir­
cuit Court of Appeals in the Cape Fear & Y. V. case. This
will mean another delay of a year or more in the reorganiza­
tion of the property. In the meantime the reports of John
Gill, the Receiver, show the earnings o f the property to be in
excellent condition.—Y. 68, p. 899.
Central Ohio R R.—Baltim ore & Otyio R R .—Minority
Stockholders May Bring Suit.—In the case of the minority
stockholders of the Central Ohio against the Central Ohio
RR. Co. Judge Taft, of the United States Circuit Court, has
given leave for a renewal of the suit and has issued the fol­
lowing order:
Tuts day came the parties by their attorneys and thereupon this
cause came onto he heard on motion of the complainants for the appointmeut of a receiver for the Central Ohio RR. Co., as reorganized,
defendant iu this suit. On consideration whereof the Court overruled
s ..id motion for the present, hut in view of the failure of the directors
of the defendant corporation thus far to take action by intervening,
petinon or otherwise in the ease of the Mercantile Trust Co. vs. the
Baltimore & Ohio RR. Co., pending in this district, to compel the re­
ceivers appointed in the last-mentioned cause to account to the de­
fendant herein, the Central Ohio RR. Co., as reorganized, for the con­
ceded net profits resulting from the operation of the railroad of said

'

1188

THE CHRONICLE?

[VO L. l x \ i ,
■-

defendant, which, for more than two years last past has been in the
hands of said receivers, leave Is hereby granted to the complainants
to renew said motion on or alter Oct. 1 ,1 8 9 8 , as they may be advised.
—Y . 66, p. 899,1139.

The earnings o f the properties now united have been:
1897.
1896.
Gross earnings...$710,630 $722,693
438,698
Net earnings....... 441,2w3

1895.
$6*6,896
409,4^1

1894.
A vera ge,
$658,834 $694,763:
3s3,560
418,243-

Chicago B urlington & Quincy RR.—Called Bonds.—Four­
These earnings, it is pointed out, show that without the
teen Republican Valley 6 per cents due 1919, have been advantages which may fairly be anticipated from a joint
drawn for the sinking fund and will be paid July 1 at the ownership in the decrease of operating expenses and in the
New England Trust Co., Boston, viz.:
increase in earnings from an improved plant and methods o f
Fourteen bonds for $1,000 each, numbers 10, 41, 145, 1 6 0 ,2 3 1 , manufacture, the companies have, during the past four years,
235. 322, 432, 499, 580, 622, 749, 750, 814, and seven bonds for $600
earned an average amount more than sufficient to pay 5 per
each, numbers 6 6 ,1 0 0 ,1 6 9 , 214, 222, 262, 306.
Also the following Burlington & Missouri River R R. Co. cent interest on the $5,100,000 bonds and 6 per cent dividends
of Nebraska non-exempt consol. 6s due 1918 are called for pay­ on the $2,500,100 preferred stock of the Consolidated Gas
ment at the same time and place, viz.: 114 bonds of $l,0u0 Company.
Of the loan $1,500,000 bonds have been taken as an invest­
each and 23 bonds of $60J each.—V. 66, p. 1000.
ment by former owners of the constituent properties, and
‘ Chicago City Ry.—General E lectric Ry.— Purchased—New Brown Brothers & Co. and Alexander Brown & Co. now
Stock.—-The Chicago City Ry. Co., according to press reports, offer the remaining $3,500,000 bonds for subscription at 102^
has purchased the General Electric Ry. for $950,000, and and accrued interest, payable Tuesday, June 28, 1898, when
will increase its capital stock from $12,000,000 to $14,000,- the bonds will be ready for delivery. (See advertisement in
000 in order to pay for that property and to provide for another column.)—V. 66, p. 289.
improvements.—V. 66, p. 182, 900.
Consolidated Ice.—Annual Meeting.—The “ W all Street.
Chicago Term inal Transfer Co.—Annual Meeting.—At Journal ” says; “ We learn that at the annual meeting of the
the annual meeting held in Chicago on June 8 the stock­ Consolidated Ice Co. of New York, at Portland, Me., last
holders authorized the issue o f the first mortgage bonds re­ week, the present board of directors was re elected. The
served for the extension of the railway system or acquisition report for the year ended Dec. 31, 1897, was read and showed
of additional property. It is not intended to issue any bonds a falling off in gross receipts of about $500,000, and a de­
under this authority at present. The action of the stock­ crease in net after all charges of nearly $300,000. A director
holders simply places the $2,194,000 bonds heretofore re o f the company states that about $ 1 ,000,( 00 of the company’s
served in the hands of the trustees under the authority of real estate has been practically sold, and the proceeds are tothe board of directors o f the company, so that the company be used in retiring the company’s bonds.” —Y . 66, p. 236.
has now ample resources for the construction of an extension
Council Bluffs City W ater-W orks Go.—Foreclosure Suit.—
necessary to protect its position as a terminal and belt prop­
erty. The 258 bonds held in the treasury since the reorgan­ The Farmers’ Loan & Trust Co., as mortgage trustee, Ihas
ization have been sold, and by this sale the company is pro­ brought suit in the District Court at Council Bluffs to fore­
vided with funds sufficient for all construction thus far made close the first mortgage o f 1881, securing $500 000 of 6 per
cent 25-year bonds. The coupons due Oct. 1, 1897, and April
or contracted for.
The estimated surplus over fixed charges and taxes for the 1. 1898, as well as the annual sinking fund payments of
each for a number of years are in default. In as
first fiscal year, which will end June 30, are conservatively $10,250
estimated at $110,000. The earnings for the first week of second petition the Trust Company alleges mismanagement,
June show an increase of nearly $6,000, the largest earnings and asks for the appointment of a receiver. The hearing was
set for yesterday.
for any week since the reorganization.
Besides the first mortgage the plant is covered by a second
The board of directors was elected as follows: Edward
D. Adams, S. R. Ainslie, Mark Breeden, Jr., Henry Budge, mortgage for $150,000 to W . J . Sewall and E. P. Lyon, asJames H. Eckels, Fred T. Gates, Henry S. Hawley, Colgate trustees, and by a consolidated mortgage for $ 1 ,000,000 to the
Hoyt, Charles L. Hutchinson, Henry R. Ickelheimer, Kem­ Atlantic Trust Co., as trustee. The consols, however, it is
per K. Knapp, E. R. Knowlton, William A. Read, John D. stated, have never been sold. Robert Sheldon of New York
Rockefeller, Jr., Henry A. Rust. President and Chairman City is President of the W ater-Works Co.—Y. 66, p. 1139.
executive committee, Edward D. Adams; Vice-President and
Denver & R io Grande R R .—Dividend Increased.—Tho
General Manager, S. R. Ainslie; Secretary and Assistant company has declared a semi-annual divedend of
per cent
Treasurer, George P. Butler; Treasurer and Assistant Secre­ on its preferred stock, payable July 15. This increases the
tary, Henry S. Hawley; Controller, J. H. McClement.—V. 66, rate from 2 to 3 per cent. Dividends in 1897 were 2 per cent,,
in 1896 2 per cent, in 1895 and 1894 none, in 1893 2 per cent,,
p. 85.
Cleveland & Sandusky B rew ing Go.—Securities o f New in 1892 none, and in 1891 2)^ per cent.—Y. 66, p. 236.
Company.—This company, which will absorb the Cleveland
General E lectric.—Report o f the Preferred Stockholders’
breweries mentioned last week (page 1139) except the Baehr
Company, and also the Kuebeler and Stang breweries of Committee.—The Preferred Stockholders’ Committee, con­
Sandusky, Ohio, will authorize and issue the following se sisting <f Samuel Carr, Thomas L. Livermore and Edward
F. Atkins, who, it is said, represent over half the preferred
curities: *
Authorized To acquire shares, has issued a circular stating that it has repeat­
edly urged the payment of dividends, but that the directorsissue.
prop erty.
First mortgage 6 per cent 50-year gold bonds.$6,000,000 $4,800,000 regard themselves as prohibited by the laws of New Y ork
6 per cent non cumulative preferred stock....... 3,000.000
2,400,000 from declaring dividends because the value of the company’s
Common stock...................................................... . 3,000,000
2,400,000
assets is less than the total amount of the capital stock. The
Total....................................................................$12,000,000 $9,600,000 report of Jan. 31, 1898, however, shows profits for they ear of
The accounts of the consolidated companies have been ex­ $1,481,852, or equal to 7 per cent on the preferred stock, and
amined by Messrs Barrow, Wade, Guthrie & Co., who cer­ nearly 3 88 per cent on the common stock.
tify that the average net earnings for the years 1896 and
The committee continues as follows: “ To remove what,
1897 (one company estimated) have been $576,692 per annum. the directors regard as legal obstacles to the way of resump­
This would enable the company to pay $288,000 interest on tion of dividend payments, it has been suggested to them that
its bonds, $50,000 for the sinking fund, $144,000 6 per cent on the nominal value of the capital stock should, by vote of
the preferred stock outstanding and leave a surplus of shareholders, be reduced so as not to exceed the value of the$94,000 for the common stock. Under the consolidation, assets of the company, and to this end a reduction of 50 per
however, it is believed the net earnings should show a sub­ cent of the par value of the shares has been suggested, to­
stantial increase. The directors and officers are as follows:
gether with payment of the accumulated dividends on the
Directors—F. E. Gebring, Jacob Kuebeler, E. T. Bourne, Andrew preferred shares to date of reduction at rate of 7 per cent on
Squire, Henry Boebmke, W. H. Chapman, O. M. Warner, Ernst Miller,
E. K. Chapman, Herman C. Baehnj, Emil Joseph, Jos. S. Auerbach, the present par value of $100 per share. As a legal result o f
this reduction, the holders of preferred shares would be en­
C. A. Strangmann, Adolph FischelJ.
Officers-President, F. E. Gehring; First Vice-President, Jacob titled to dividends out of future earnings of 7 per cent on
Kuebeler; Second Vice-President, Ernst Miller ; Secretary and Treas­
$50 per share only, while holders of the common shares would
urer, W. H. Chapman.—V. 66, p. 1139.
Consolidated Gas Co. o f P ittsb u rg—P ittsburg Gas be entitled to all the remaining earnings. This would, fo r
Companies.—Consolidation.—Securities Offered.—All of the the future, reduce the dividend on preferi’ed shares one-half,
principal illuminating gas companies of Pittsburg and Alle­ while it would leave the common shareholders in a better
gheny have been merged into one company, the Consolidated position than their present one.
“ The assets of the company amount to at least 72 per centGas Company of the city of Pittsburg. The capital stock of
the new company is $11,500,000, divided as follows : $2,500,- of the j ar value of all the shares, and for this reason we have
000 6 per cent cumulative preferred stock, $4,000,000 com ­ declined to recommend a reduction to any amount below $72
mon and $5,000,000 50-year 5 per cent first mortgage gold per share. A t an early day the proposition to reduce the par
value of the shares to $50 is to be submitted to a meeting of
bonds.
The companies included in the consolidation are the Con­ stockholders, and unless restrained by legal process it pan,
solidated Gas Co., the Pittsburg Gas Co., the East End Gas under New Y ork laws, be carried by a vote of two-thirds.
Co. and the Franklin Gas Co. of Pittsburg. The company W e propose, if encouraged by legal advice to be taken, to
also owns all the bonds and all the shares of stock of the oppose this project at the meeting, and if necessary in the
'
Allegheny Illuminating Company of the city of Allegheny, courts.”
The committee asks for the deposit of preferred stock with
which latter company is the owner of all the property, rights
and f ranchises of the Allegheny Gas Company. These com­ the American Loan & Trust Co., in return for negotiable re­
panies, with the South Side Gas Co., which supplies the dis­ ceipts, and agrees to return the shares on or before Dec 31,.
trict south of the Monongahela River, constitute all the gas 1899, in case no settlement has been made previous to that
manufacturing companies in the two cities, with exclusive date. The expenses are not to exceed $1 per share of pre­
right to manufacture gas. The Seuth Side Co. is not em­ ferred stock deposited.—V. 66, p. 953.
Great Northern R ailw ay.—$25,000.000 New Preferred'
braced in the conso’ idation, but $500,000 of the preferred
sto< k issue is reserved for its acquisition, and if acquired it Stock.—The compaov is offering to its stockholders for sub­
scription at par $25,000,000 of preferred stock. This issue
will be brought under the mortgage.




J une

18, 1898.]

THE CHRONICLE.

"will raise the total capital stock to $50,000,000, all preferred,
no common stock having been created. The new issue will
provide for the retirement of the $15,000 000 collateral trust
bonds of 1892 receatly called for payment on S 9pt. 1, 1893,
and for the purchase of the $12,500,000 capital of the Seattle
& Montana R R. for a sum not to exceed $10,090,000, The
Seattle & Montana stock is distributable Oct. 1, 1898, as a 50
per cent dividend to the Great Northern stockholders and
can be U3ed by them at 80 ($10.090,’K)9 for the entire issue) to
pay 40 per cent of the subscription price of the new $25,000,00) issue of Great Northern stock. In other words, Great
Northern stockholders of record July 1, 1393, since entitled
to the 50 per cent Seattle & Montana dividend, will get the
mew Great Northern stock at 60.
The circular to shareholders is substantially as follows:

1189

Frank E. Wheeler, Edwarfi A. Carton, Francis Kernan and George
•L. Bradford, of Utica; Ephriam K. West, Elisha M. Moore and Hendrich K. Holden, of Syracuse.

The company proposes to manufacture and sell furnaces,
boilers, ranges, radiators and other heating, cooking and
ventilating apparatus aad appliances.
The preferred stock is entitled to dividends at the rate of
7 per cent payable April 1, 1899, and thereafter semi­
annually. Sach dividends are to be cumulative and if un­
paid will bear interest at the rate of 6 per cent per annum.
The stock is in $100 shares.
Keokuk & W estern U R .—Mortgage fo r $2,500,000.—A
mortgage has been made to the Metropolitan Trust Co., as
Trustee, to secure $2,500,090 of 4 per cent bonds. The pur­
pose of the loan is stated in the company’s annual report,
which w ill be printed in the C hronicle next week.—V. 66,
p. 760.
Long Island R R .—New Route to Manhattan Beach.—The
company this week opened its new ronte from New York
City to Manhattan Beach via the Thirty ninth Street Ferry
and the Prospect Park & Coney Island RR. The running
time from the Battery to Manhattan Beach is 49 minutes,
and the fare for the round trip is 40 cents. The Bay Ridge
Ferry lines will be discontinued in connection with the old
route. The company expects to open its line to Port Wash­
ington on July 23. The Huntington trolley line was to be
opened yesterday.—V. 66, p. 954. •

The board of directors of this company desires to increase the capi­
tal stock of the company by the issuance of 250,000 additional shares
■of pref. stock of $100, such shares to be offered to you for subscription
at the par value thereof, pro rata of your holdings of stock. The issue
o f such shares of preferred stock is to provide for the redemption at
par and the cancellation of the collateral trust bonds of this com­
pany, amounting to $15,000,000, dated Sept. 1 ,1 8 9 2 , and maturing
Sept. 1 ,1 9 0 2 , and further for the purchase of the capital stock of the
Seattle & Montana RR (Jo., amounting to $12,500,000, for a sum not
more than $10,000,000.
Upon the satisfaction of the trust deed securing these bonds, the
£3,000,000 Pacific Extension Bonds of the St. Paul Minneapolis &
Manitoba Ry. Co., now held by the Minneapolis Trust Co., trustee,
Manhattan R y.— Rapid Transit in New York City.—Ne­
under that mortgage, will beoome the property of the Great Northern
gotiations.—The Board of Rapid Transit Commissioners on
Ry. Co. The circular of this company, dated May 25, 1898, stated
Thursday sent a reply to President Gould’s letter of May 6.
that the stock of the Seattle & Montana UR. Co. is held in trust for The Board adheres to the 5 per cent rental it fixed for the
distribution Oct. 1 ,1 8 9 8 , to the stockholders of this company in pro­ West Street extension if the company decides to accept only
portion to their holdings July 1,1898. Your directors, after consul­ that franchise, but in case the company should decide to
tation with the holders of the majority of the stock of this company, take the Bowery and Third and Ninth Avenue franchises
have duly authorized the officers of the company to acquire said the Board promises concessions.—V. 66, p. 1C45.
stock at a price not to exceed 80 per centum of its par value.
M ergenthaler Linotype.—Extra Dividend.—The directors
The opportunity is now offered to the stockholders of this company,
have declared a regular quarterly dividend o f 2% per cent
ns they may appear of record at the close of business July 1st, 1898,
and an extra dividend of 2% per cent, payable June 3). This
to subscribe pro rata for such shares of preferred capital stock pro­ stock paid 5 per cent in March, 1898, and 16W per cent in
posed to be issued, at par. Such subscription, or the assignment of 1897.—V. 66, p. 337.
any right to subscribe, will be taken as an assent to and a ratification
M inneapolis & St. Lonis R R .—Increase o f Dividend.—
o f the issuance of such additional stock, and the company will accept
The directors last week declared the usual semi annual
such action as equivalent to a resolution of the stockholders to that
dividend 2% per cent on the first preferred stook, and a
effeot. This subscription will not be considered binding and effective
semi-annual dividend o f 2 per cent on the second preferred
unless the holders of at least 75 per centum in amount of the present
stock. For two years and a half the second preferred has
outstanding stook shall have filed their subscriptions to the new stook,
been receiving 3 per cent per annum. The yearly rate is
or their assignments of rights to make such subscription.
now increased to 4 per cent.—Y . 65, p. 731.
Stockholders will be entitled to subscribe for one share of new
M issouri Kansas & Texas R y.—Official Explanation as to
stock for each share of their holdings of the preferred stook now out­
standing, as of record at the close of business July 1st, 1898. A cer­ Income Mortgage Suit.—Mr. Simon Sterne, the general coun­
tificate showing the stockholder’s right to make subscriptions to the sel of the company, in an interview, makes the following
new stock, and also showing the stockholder’s title to receive the stock explanation of the suit by the Mercantile Trust Co. with ref­
erence to alleged dues of interest under the income second
o f the Seattle & Montana RR. Co. will be delivered upon the closing of
mortgage:
the books July 1st, 1898.
It is a mere revival of a suit commenced over six years since, whioh
The purchase price of the new stook will be payable at this office was
long ago thought to he dead, for an accounting during the period
Aug. 1 ,1 8 9 8 , and must be paid in cash, or in the collateral trust bonds of time when the company was in the hands of areoeiver; the sup­
plemental
complaint recently filed in this oase makes claim that
of this company at par (the oompany paying the accrued interest
was earned which was not paid over and that accounts were
thereon), and to the extent of 40 per oentum of the subscription in interest
not duly rendered. The answer made by the company is that no
the stock of the Seattle & Montana RR. Co. at the rate of 80 per moneys were earned applicable to the payment of interest whioh were
oentum of the face value of the last-named stook represented thereby. not paid over; that the accounts during the period of the receiver­
ship were periodically rendered by the receivers to the Mercantile
Receipts for all payments made will be issued, exchangeable for cer­ Trust
Co., which was the complainant in the receivership proceedings
tificates of new stook as soon as the same can be made out.
before the reorganization of 1891; that sines the company has had
The new stook will take rank for dividends and in all other respects control of its property the accounts were all duly rendered to and
accepted by the Mercantile Trust Co., and that such accounts show
with the present outstanding stook from Aug. 1 ,18 9 8. For the pur­ that
there were in fact no net earnings applicable to the payment of
pose of this subscription, the stock transfer books will be closed at interest during the inoome period which the unpaid coupons represent.
S p. m ., July 1, 1898, and will remain closed until Aug. 2, 1898.
The company is advised by its counsel and others that it
Subscriptions and assignments of rights to subscribe to be recognized has nothing to apprehend from the case except possibly an­
by the company, m ust be filed at this office [27 Pin 9 St., N. Y . City,] on noyance.—V. 66, p. 1140.
or before 3 p. m ., July 2 8,1 8 9 8 .—V. 66, p, 1044.

G ulf & Inter-State Ry.—New Securities.—A press despatch
from Austin, Texas, says the company has applied to the
■State Railroad Commission for authority to cancel all of its
capital stock except an amount equal to $ 1,000 per mile, and
to issue bonds in lieu thereof, making the capitalization of
the road $71,000 stock and $900,000 bonds. On Jane 30,1897,
however, only $150,500 bonds had been issued, these being
first mortgage 30 year 5s, dated Dec. 17, 1395, The road is
in operation from Port Bolivar, on Galveston Bay, to Beau­
mont, Tex., 71 miles. Transfer to Galveston is made by
boat. Nicholas Weekes is President and General Manager.
— V. 62, p. 1040.
H erkim er County L ight & R ow er.—Mortgage f o r $¿90.OOO -T n e company has m ale a mortgage to the Coatineatal
Trust Co., as trustee, to secure$400,' 00 of $1,00 >thirty-year 5
per cent gold bonds dated May 2, 1893. Tne mortgage o v e r s
the recently purchased gas and electric plants at Little Falls,
Herkimer, Mohawk and Ilion. At the time of the consolida­
tion the Herkimer Company had outstanding indebtedness
amounting to $80,000, the Little Falls Company $190,000 and
the Ilion Company $75,000.—V 68, p 810.
International Heater Co.—Furnace Companies Consoli­
dation.—I n c o r p o r a te d The International Heater Co., cap­
italized at $1,890,000, of which $900,Oj O7 per cent cumulative
preferred and $90),000 comm ju stocs, was incorporated this
week at Albany. The principal business office will be in
Utica. Th 9 companies entering into the combination were
to be Russell Wheeler & Son, Carton Furnace C ». and Kernan
Furnace Co., of Utica, the J. F. Pease Co. and Howard Fur­
nace Co., of Syracuse. The directors a re:




New England R R .—New York New Haven & H artford
R R .—Lease Ratified.—A t Hartford on Tuesday the stock­
holders of the New England R R. Co., 43,614 shares of preerredf stock and 184,506 shares of common stock being repre­
sented, voted unanimously to ratify the action of the board
of directors in leasing the property of the company to the
New York New Haven & Hartford RR. On Wednesday,
also, the stockholders of the New York New Haven & Hart­
ford RR. Co., 274,6)1 shares being represented, voted unani­
mously in favor of the leases of both the New Eagluud R R .
and the Shepaug Litchfield & Northern.—V. 68, p. 1003,1090.
New York P hiladelphia & N orfolk RR. —Reorganiza tion
Notice.—Tne holders of the first mortgage 6 per cent bonds
are notified that, under the plan of reorganization, the pres­
ent rate of interest on these bonds ceases after July 1. 1893,
and that bmds not deposited with Messrs. Cassatt & Co., 26
South Fifteenth Street. Philadelphia, on or before that date,
will not be allowed to participate in the plan of reorganiza­
tion. The underwriting syndicate will, as heretofore an­
nounced, purchase at par and ac irued interest all tun)» de­
livered to Messrs. Cassatt & Co. on July 1 , 1893.—V. 66.
p. 1141.
N. Y. & Ottawa R R .—Increase o f Stoclc. —The New York
State Railroad Commissioners will hold a hearing June 21 on
the company’s application to increase its capital stock from
$1,430,009 to $3,000,000. The increase is desired in order to
acquire the stock of the Ottawa & Nevv York Railway Co. of
Canada and of the Cornwall Bridge Co., snbsi liary organiza*
tio s formed in connection with the building of the com ­
pany’s line, soon to be completed from Tapper’s L ike, iathis
State, to Ottawa, a distance of 128 miles. A t Tapper’s L ik e

1190

THE CHRONICLE.

[V ol. LX VI.

The American Distributing Co , which is / o be acquired,
connection is made with the Delaware & Hudson road to the
south.—V. 65, p. 573.
. as above shown, was organized with a capital of $5,090,000
in 1891, and took in over eighteen distributing houses largely
Oakland (Cal.) Transit.—$1 400,000 New Bonds.—A meet­ controlling the sale and distribution of spirits and alcohol
ing will be held July 6 to act on the proposition to make a 1east of the Alleghanies. Its aggregate profits, it is claimed,
consolidated mortgage securing $1,400,00 ' gold bonds to pro­ have been $700,000 per annum.
vide for existing bonds and for other purposes.—V. 64, p. 287
The American Spirits Manufacturing Co. is estimated to
Oregon Improvement.—Pacific Coast .—Remaining New have about the same capacity as the Standard, making the
Securities Heady.—Holders of certificates representing con­ total annual capacity of the two properties 50,000,000 ga l­
solidated mortgage bonds or preferred or common stock of lons of spirits. The two corporations, it is stated, have en­
the Oregon Improvement Co. can exchange such certificates tered into a formal agreement for harmonious action.
It is proposed the Standard Company shall operate the first
for stock of the Pacific Coast Company on and after June 20
at the Manhattan Trust Co., Wall Street, corner of Nassau, year to produce about 25,0 '0,000 gallons o f spirits, being at
New York City, or at the Old Colony Trust Co., Ames Build­ the rate of about 18,000 bushels of corn per day. Net profits
are to be limited to 2 cents per proof gallon, so that the re­
ing, Boston.—V. 66, p. 1002.
turns for the first year are figured as follows:
P aris (T ex .) (las & Electric Light.—Foreclosure Sale.—
FIRST Y E A R ’ S PROFIT.
This property was sold under foreclosure on June 7, for
$30,000, to Judge D. H. Scott, representing the bondholders. Net profits of 2o. per gallon on 25,000,000 gallons. . . . . . — $500,000
Petersburg RR.— Richmond & Petersburg RR.— Meet­
ings July 20 to Act on Consolidation.—The stockholders of
both companies will vote July 20 on the proposition to con­
solidate the roads, as authorized by the last General Assem­
bly of Virginia.—V. 66, p. 472.
P ittsburg & W estern Ry.—P ittsburg (Im provem ent) Co.
—Report Confirmed.—President Hartman of the Pittsburg
Company of Ellwood, Pa., which controlled the Ellwood
Short Line R R ., confirms the report that the Short Line
road has been sold to the receiver of the Pittsburg & West­
ern. The Pittsburg Company on July 1, 1898, will retire
$130/00 of its collateral trust bonds of 1891, leaving of that
issue unpaid $130,000.—V. 66, p. 1090, 955.
Poughkeepsie & Eastern « y .—Bonds Sold. —Messrs. Rich­
ard V. Harnett & Co. sold this week the road’s entire issue
of $500,000 1st mortgage 5 percent gold bonds due Nov. 1,
1934, at 20 per cent. The road runs from Poughkeepsie to
Boston Corners, N. Y., 40 miles, and for the year l!->96-97 had
gross earnings of $41,720, and a deficit afrer payment of
taxes of $9,447. Russell Sage is President.—V. 61, p. 1014.
R utland R R .—Redemption o f Bonds.—The second mort­
gage 5s, due Aug. 1, 1898, it is stated, will be paid at matur­
ity by the sale of
per cent gold consols of U91. The con­
solidated mortgage is for $3,500,000, of which $605,0 >0 is
outstanding. The remainder of the loan is reserved to retire
a like amount of prior bonds, namely, the $1,430,900 second
5s, that will be retired Aug. 1, 1898, as above stated, and
the $1,464,100 first mortgage 6s, due Nov. 1, 1902. The sec­
ond mortgage is a first lien on rolling stock and personal
property, and this lien after Aug. 1, 1897, will be vested in
the consolidated issue.—V. 66, p. 131.
St. Paul Union Depot.—New Bonds.—An issue of $100,000
bonds for improvements was authorized on June 10.
Southwestern Telegraph & Telephone Co.—Increase o f
Stock.—The capital stock has been increased from $4,0o(),000
to $5,000,000. The company reports its liabilities and debts
as aggregating $431/ 00.
Standard, D istilling & D istributing.—Prospectus.—Ref­
erence was made last week to the formation of this new com­
pany under the laws of New Jersey to unite the spirit dis
tilleries in the United States outside of those controlled by
the American Spirits Manufacturing Co. The capitalization
of the new corporation will be, as then stated, $24,000,000
stock in $100 shares, $8,000,000 of this being 7 par Cent cumu­
lative preferred, and thè remainder common stock. The
$8,000,000 preferred stock, it is stated, has been over sub­
scribed, one $100 share paid for in cash at par carrying with
it a bonus of $150 in common stock.
Through the absorption of distributing companies and
compounding concerns the new corporation, it is stated, will
practically control the manufacturing and distribution of
spirits and alcohol. The prospectus states thus as the ob
jects of the new organization:
1. Distillation of spirits, alcohol, gin and continuous whiskies.
2. Distribution of ihese products in the original state; rectifying,
compounding and blending of the same, and their distribution as fin­
ished products.

The properties to be acquired and their daily capacity in
bushels are given below:
Bushels.
American Distillery at Pekin, 111....................................................
3,600
The American Distributing Co,, which owns distilleries at
Terre Haute, the Indiana and Majestic......................................
6,000
[Together with all its distributing houses, located in New
York, Boston, Philadelphia, Baltimore and Terre Haute.]
Atlas Distillery at Peoria, 111.............................................................
5,000
[Together with the Peoria Malting Company’s plant, with an
annual capacity of 600,000 bushels of malt, and the National
Distributing Co. of New York, with a branch at Baltimore.]
Globe Distillery at Pekin, III......................................... , ___ . . . . . . .
4,000
Hanover Distillery at Peoria, 111...................................... ............
1,500
Mill Creek Distillery at Cincinnati, Ohio, including the dis- ]
tributing establishment at that place.........................................
Missouri Distillery at St. Louis, Mo., including Mound City
Distilling Co.’s establishments at 8t. Louis and Kansas City. I ~
Mutual Distillery at Union Tt wn, K y....................................... .. f d’yuu
Willow Springs Distillery at Omaha, Neb., including the Iler I
& Co. distributing establishment in that city............................ |
Several smaller distillery plants..................................................... j

Net profits on slops and fusel oil from above output..............
250,000
Net average annual profits of distributing companies dur­
ing last ten y e a r s......................................................................... 1,200,000
Total profits first ye ar..............................................................$1,950,000

From which deduct:
Dividend on preference shares, 7 per cent...............................

560,000

Leaving for surplus and common.................................... ...$ 1 ,3 9 0 ,0 0 0

This is equal to something over 8% per cent on the $16,-

000,0C0 o f common stock.

The saving from operation according to the prospectus is
not estimated in the foregoing figures. The reduction of op­
erating expenses is to be applied toward reducing the selling
price of the product.—V. 66, p. 1141.

Spokane Falls & Northern Ry,—Northern Pacific Ry.—
Negotiations to Purchase.—Negotiations, it is understood, are
in progress for the acquisition of the Spokane Falls & North­
ern Railway by the Northern Pacific Railway Co. The
Spokane Falls road and its allied lines have an aggregate
length of about 218 miles and will connect with the Canadian
Pacific when that company’s line, now under construction to
Nelson, in British Columbia, is completed. The bonded debt
covering th e 218 miles consists of several issues of 6 per cent
bonds, aggregating about $3,500,000.—V. 66, p. 617, 1141.
Stilw ell-B ierce & Smith-Vaile Co.—June Dividend De­
ferred.— Replying to our letter respecting the June divi­
dends, the company hands us the following circular explain­
ing matters fully, and says : “ W e have never been so full of
work as at present, and the growth o f our business has con­
tinued to such an extent that we have deemed it wise to in­
crease our surplus in order that we may be able to handle our
business advantageously.” The circular to stockholders says:
The directors, after careful consideration of the matter, have de­
cided that It would be expedient to defer the payment of the June 1st
dividend. The business of the company is increasing rapidly in vol­
ume, and it is at present employed on some large contract work re­
quiring a larger cash working capital than usual to handle the same in
the most advantageous ami profitable manner, and it is believed to be
to the best ultimate advantage of the stockholders and in the line of
prudent management to reserve the funds in hand as additional sur­
plus, for the present at least, and until public affairs become more
settled.
The company has several large and profitable contracts which have
not yet gone into the shop, and the outlook for business and profits
was never so good as at the present time.

Stuttgart & Arkansas R iver RR .— Foreclosure Sale Aug. 2.
—The United States Court at Little Rock, Ark., June 11, or­
dered the road to be sold at foreclosure Aug. 2.—V. 61, p. 283.
Union Pacific R R .—Union P acific Denver & G ulf Ry.—
Sale.—Of the securities mentioned last week the $1,680,000
Colorado Central firsts were sold at 94 to J. Kennedy Tod &
Co., and Hallgarten & Co. in interest of the Union Pacific
Denver & Gulf reorganization committee. By this purchase
the Denver & Gulf committee will become the owner of
$4,449,000 of the entire issue of $4,788,000 Colorado Central
firsts, and will therefore be in a position to proceed with
foreclosure and reorganization. The plan of the committee
will probably be ready about Aug. 1.
At the same sale $863,000 Omaha & Republican Valley
firsts, with back coupons, were sold to Kuhn, Loeb & Co. for
$388,350. This latter transaction insures to the new Union
Pacific the control of the road, which comprises about 480
miles of track, and is a valuable feeder. The $3,000,000
Denver Leadville & Gunnison stock and $54,000 bonds were
sold to Kuhn, Loeb & Co. for $10,000.—V. 66, p. 1141, 955.

W ilkesbarre & Northern R R .—Reorganization as an
Electric Road.—This road, extending from Luzerne, Pa.,
where it connects with the Wilkesbarre & Wyoming Val­
ley Traction Co., to Harvey’s Lake, Pa., 12 miles, is in
course of reorganization. The original issue of $200,000
bonds was used to bring the road up to its present condition,
but was found to be insufficient to complete it. Un^er the
reorganization plan the present holders of bonds will take
stock for an equal amount of their holdings and a new first
mortgage of $150,000 will be created to complete the road.
The line will be equipped and run by electricity. The prop­
erty,. we are informed, is a good one, and, it is believed, can
easily pay a good rate of interest on the stock. Mr. John
Total daily capacity bushels of corn........................................ 24,000 Graham, Treasurer and General Manager of the Wilkes­
Equal to about.................................... ......................................... 114,000 barre & Wyoming Valley Traction Co., is personally inter­
gallons of spirits.
Total output first year is expected to aggregate about 25,000,000 ested in the Wilkesbarre & Northern, bat there is no other
gallons of spirits.
connection between the two enterprises.— V . 6 6 , p . 285.




THE CHEONICLE

J une 18, 1898.]

Ite p a rts

n n à

îia c x n n e w ts *

THE WAR REVENUE BILL.
Below will be found the full text of the Revenue
and Loan Bill, as approved by President McKinley
on Monday of this week, June 13. We have inserted
headings in many places, so as to make it easier for
the reader to find the various provisions.

1191

THEATRES, MUSEUMS AND CONCERT HALLS

Six. Proprietors of theatres, museums and concert halls in
cities having more than twenty-five thousand population, as
shown by the last preceding United States Census, shall pay
one hundred dollars. Every edifice used for the purpose of
dramatic or operatic or other representations, plays or per­
formances, for admission to which entrance money is
received, not including halls rented or used occasionally for
concerts or theatrical representations, shall be regarded as
a theatre: Provided, That whenever any such edifice is
under lease at the passage o f this A ct the tax shall be paid
by the lessee unless otherwise stipulated between the parties
to said lease.
CIRCUSES.

Seven. The proprietor or proprietors of circuses shall pay
TO PROVIDE W AYS AND MEANS TO MEET W AR EXPENDI­ one hundred dollars. Every building, space, tent or area
where feats o f horsemanship or acrobatic sports or theatri­
TURES AND FOR OTHER PURPOSES.
cal performances are exhibited shall be regarded as a cir­
Be it enacted by the Senate and House o f Representatives cus : Provided, That no special tax paid in one State, Terri­
o f the United States o f America in Congress assembled.
tory or the District of Columbia shall exempt exhibitions
from the tax in another State, Territory or the District of
BEER, ALE, PORTER, ETC.
Columbia, and but one special tax shall be imposed for ex­
That there shall be paid, in lieu of the tax of one dollar hibitions within any one State, Territory or District.
now imposed by law, a tax o f tw o dollars on all beer, lager
OTHER PUBLIC EXHIBITIONS.
béer, ale, porter, and other similar fermented liquors,
Eight. Proprietors or agents o f all other public exhibi­
brewed or manufactured, and sold, or stored in warehouse,
or removed for consumption or sale, within the United tions or shows for money not enumerated in this section
States, by whatever name such liquors may be called, for shall pay ten dollars : Provided, That a special tax paid in
every barrel containing not more than thirty-one gallons; one State, Territory or the District of Columbia shall not
and at a like rate for any other quantity or for the frac­ exempt exhibitions from the tax in another State. Territory
tional parts of a barrel authorized and defined by law. or the District o f Columbia, and but one special tax shall be
And section thirty-three hundred and thirty-nine of the required for exhibitions within any one State, Territory or
Revised Statutes is hereby amended accordingly: Provided, the District o f Columbia.
That a discount o f seven and one-half per centum shall be
BDWLilNG ALLEYS AND BILLIARD ROOMS.
allowed upon all sales by collectors to brewers of the stamps
Nine. Proprietors of bowling alleys and billiard rooms
provided for the payment of said tax: Provided further, shall pay five dollars for each alley or table. Every building
That the additional tax imposed in this section on all fer­ or place where bowls are thrown or where games of billiards
mented liquors stored in warehouse to which a stamp had or pool are played, and that are open to the public with or
been affixed shall be assessed and collected in the manner without price, shall be regarded as a bowling alley or a bil­
now provided by law for the collection of taxes not paid by liard room, respectively.
etamns.
AN

S P E C IA L

ACT

TAXES.

T O B A C C O , C IG A R S , C IG A R E T T E S

A N »

SNUFF.

S ec . 8. That there shall, in lieu o f the tax now imposed
Sec . 2. That from and after July first, eighteen hundred
and ninety eight, special taxes shall be, and hereby are, im by law, be levied and collected a tax o f twelve cents per
pound upon all tobacco and snuff, however prepared, manu­
posed annually as follows, that is to say:
factured, and sold, or removed for consumption or sale ; and
BANKERS.
upon cigars and cigarettes which shall be manufactured and
One. Bankers using and employing a capital not exceed sold, or removed for consumption or sale, there shall be
ing the sum of twenty-five thousand dollars shall pay fifty levied and collected the following taxes, to be paid by the
dollars; when using or employing a capital exceeding twen­ manufacturer thereof, namely, a tax of three dollars and
ty-five thousand dollars, for every additional thousand dol­ sixty cents per thousand on cigars of all descriptions made
lars in excess of twenty-five thousand dollars, tw o dollars, of tobacco, or any substitute therefor, and weighing
and in estimating capital surplus shall be included. The more than three pounds per thousand, and of one dollar per
amount of such annual tax shall in all cases be computed thousand on cigars made o f tobacco or any substitute there­
on the basis of the capital and surplus for the preceding fis­ for, and weighing not more than three pounds per thousand;
cal year. Every person, firm or company and every incor­ and a tax of three dollars and sixty cents per thousand on
porated or other bank having a place of business where cigarettes made o f tobacco or any substitute therefor, and
credits are opened by the deposit or collection of money or weighing more than three pounds per thousand ; and one
currency, subject to be paid or remitted upon draft, check or dollar and fifty cents per thousand on cigarettes made of
order, or where money is advanced or loaned on stocks, tobacco or any substitute therefor, and weighing not more
bonds, bullion, bills of exchange or promissory notes, than three pounds per thousand. Provided, that in lieu of
or where stocks, bonds, bullion, bills of exchange, or the two, three and four ounce packages of tobacco and snuff
promissory notes are received for discount or sale, now authorized by law. there may be packages thereof con­
shall be a b inker under this A ct: Provided, That any sav­ taining one and two-thirds ounces, two and on e-half ounces,
ings bank having no capital stock and whose business is and three and one-third ounces, respectively, and in addi­
confined to receiving deposits and loaning or invest ng the tion to packages now authorized by law, there may be pack­
same for the benefit o f its depositors and which does no ages containing one ounce of smoking tobacco.
other business of banking, shall not be subject to this tax.
T A X ON UNSOLD STOCKS.
STOCK BROKERS.
And there also be assessed and collected, with the excep­
Two. Brokers shall pay fifty dollars. Every person, firm tions hereinafter in this section provided for, upon all the
or company whose business it is to negotiate purchases or articles enumerated in this section which were manufacsales of stocks, bonds, exchange, bullion, coined money, ured, imported and removed from factory or Custom House
bank notes, promissory notes or other securities, for them­ before the passage of this A ct, bearing tax stamps affixed to
selves or others, shall be regarded as a broker: Provided, such articles for the payment of the taxes thereon and can­
That any person having paid the special tax as a banker celed subsequent to April fourteenth, eighteen hundred and
ninety-e ght, and which articles were at the time of the pas­
shall not be required to pay the special tax as a broker.
sage of this Act held and intended for sale by any person,
PAWNBROKERS,
a tax equal to one half the difference between the tax al­
Three. Pawnbrokers shall pay twenty dollars. Every per­ ready paid on such articles at the time o f removal from the
son, firm or company whose business or occupation it is to factory or Custom House and the tax levied in this A ct
take or receive, by way o f pledge, pawn, or exchange, any upon such articles.
Every person having on the day succeeding the date o f the
goods, wares, or merchandise, or any kind of personal prop­
erty whatever, as security for the repayment of money passage o f this Act any of the above-described articles on
hand for sale in excess of one thousand pounds o f manufac­
loaned thereon, shall be deemed a pawnbroker.
tured tobacco and twenty thousand cigars or cigarettes, and
COMMERCIAL BROKERS.
which have been removed from the factory where produced
Four. Commercial brokers shall pay twenty dollars. or the Custom House through which imported, bearing the
Every person, firm or company, whose business it is as a rate o f tax payable thereon at the time of such removal, shall
broker to negotiate sales or purchases of goods, wares, prod­ make a full and true return under oath in duplicate of the
uce or merchandise, or to negotiate freights and other quantity thereof, in pounds as to the tobacco and snuff and
business for the owners o f vessels, or for the shippers or in thousands as to the cigars and cigarettes, so held on that
consignors or consig ees of freight carried by vessels, shall day, in such form and under such regulations as the Com­
be regarded as a commercial broker under this Act.
missioner of Internal Revenue, with the approval of the
Secretary of the Treasury, may prescribe. Such returns
CUSTOM HOUSE BROKERS.
shall be made and delivered to the Collector or Deputy Col­
Five Custom House brokers shall pay ten dollars. Every lector for the proper internal revenue district within thirty
person, firm or company whose occupiation it is, as the days after the passage of this A ct One of said returns
agent of others, to arrange entries and other Custom House shall be retained by the Collector and the other forwarded
papers, or transact business at any port o f entry relating to to the Commissioner of Internal Revenue, together with the
the importation or exportation of goods, wares or merchan­ assessment list for the month in which the return is re­
dise, shall be regarded as a Custom House broker.
ceived, and the Commissioner of Internal Revenue shall as-




1192

THE CHE0N1CLE,

[V

ol.

LXV

I.

sess and collect the taxes found to be due, as other taxes not things mentioned and described in Schedule B of this A ct
[see page 1196], manufactured, sold, or removed for sale,
paid by stamps are assessed and collected.
ADDITIONAL DEPUTY COLLECTORS AND OTHER EMPLOYES. the several taxes or sums o f money set down in words o r
And for the expense connected w t h the assessment and figures against the same, respectively, or otherwise specified
collection o f the taxes provided by this A ct there is hereby or set forth in Schedule B o f this A ct
appropriated the sum of one hundred thousand dollars, or so PENALTIES—DOCUMENTS NOT HAVING STAMPSINOT COMPEa»»" Ban
TENT EVIDENCE.
much thereof as may be required, out of any moneys in the *»n
Treasury not otherwise appropriated, for the employment of
Se c . 7. That if any person or persons shall make, sign or
such deputy collectors and other employes in the several issue, or cause to be made, signed or issued, any instru­
collection districts in the United States, and such clerks and ment, document or paper of any kind or description what­
employes in the Bureau o f Internal Revenue as may, in soever, without the same being duly stamped for den ting
the discretion of the Commissioner o f Internal Revenue, the tax hereby imposed thereon, or without having there­
be necessary for a period not exceeding one year, to be com ­ upon an adhesive stamp to denote said tax, such person or
pensated fo r their services by such allowances as shall be persons shall be deemed guilty o f a misdemeanor, and upon
made by the Secretary o f the Treasury, upon the recom­ conviction thereof shall pay a fine of not more than one
mendation of the Commissioner of Internal Revenue. And hundred dollars, at the discretion o f the Court, and such in­
the Commissioner o f Internal Revenue is authorized to em­ strument, document or paper, as aforesaid, shall not b e
ploy ten agents, to be known and designated as internal competent evidence in any court.
revenue agents, in addition to the number now authorized
STAMPS FORGED OR USED A SECOND TIME.
in section thirty-one hundred and fifty-two of the Revised
S ec . 8. That if any person shall forge or counterfeit, o r
Statutes as amended, and the existing provisions of law in
all other respects shall apply to the duties, compensation cause or procure to be forged or counterfeited, any stamp,
die, plate or other instrument, or any part of any stamp,
and expenses of such agents.
die, plate or other instrument which shall have been pro­
TOBACCO D E A LE R S AND M A N U FA C TU R E R S.
vided, or may hereafter be provided, made or used in pur­
Sec. 4i That from and after July first, eighteen hundred suance of this A ct, or shall forge, counterfeit, or resemble,
and ninety-eight, special taxes on tobacco dealers and manu­ or cause or procure to be forged,- counterfeited or resemble,
facturers shall be and hereby are imposed annually as fo l­ the impression, or any part of the impression, o f any such
lows, the amount of such annual taxes to be computed in stamp, die, plate or other instrument as aforesaid, upon any
all cases on the basis of the annual sales for the preceding vellum, parchment, or paper, or shall stamp or mark, or
cause or procure to be stamped or marked, any vellum, par­
fiscal y ea r:
Dealers in lea f tobacco whose annual sales do not exceed chment, or paper with any such forged or counterfeited
fifty thousand pounds shall each pay six dollars. Dealers in stamp, die, plate or other instrument, or part of any
leaf tobacco whose annual sales exceed fifty thousand and stamp, die, plate, or other instrument, as aforesaid, with in­
do not exceed one hundred thousand pounds shall pay tent to defraud the United States of any o f the taxes hereby
twelve dollars, and if their annual sales exceed one hun­ imposed, or any part thereof; or if any person shall utter,
or sell, or expose for sale, any vellum, parchment, paper,,
dred thousand pounds shall pay twenty-four dollars.
Dealers in tobacco whose annual sales exceed fifty thou article or thing having thereupon the impression of any
such counterfeited stamp, die, plate, or other instrument, or
sand pounds shall each pay twelve dollars.
Every person whose business it is to sell, or offer for.sale, any part of any stamp, die, plate or other instru­
manufactured tobacco, snuff or cigars, shall be regarded as ment, or any such forged, counterfeited, or resembled
a dealer in tobacco: Provided, That no manufacturer of impression, or part of impression, as aforesaid, knowing the
tobacco, snuff or cigars shall be required to pay a special same to be forged, counterfeited or resembled ; or if any
tax as dealer in manufactured tobacco and cigars for sell­ person shall knowingly use or permit the use o f any stamp,
die, plate or other instrument which shall have been so pro­
ing his own products at the place of manufacture.
Manufacturers of tobacco whose annual sales do not ex­ vided, made, or used as aforesaid, with intent to defraud
the United States; or if any person shall fraudulently cut,
ceed fifty thousand pounds shall each pay six dollars.
Manufacturers of tobacco whose annual sales exceed tear, or remove, or cause or procure to be cut, torn, or re­
fifty thousand and do not exceed one hundred thousand moved, the impression of any stamp, die, plate, or other
instrument which shall have been provided, made, or used
pounds shall each pay twelve dollars.
Manufacturers of tobacco whose annual sales exceed one in pursuance of this A ct from any vellum, parchment, o r
hundred thousand pounds shall each pay twenty-four dollars. paper, or any instrument or writing charged or chirgeable
Manufacturers of cigars whose annual sales do not pxceed with any of the taxes imposed by la w ; or if any person
shall fraudulently use, join, fix, or place, or cause to be used,
one hundred thousand cigars shall each pay six dollars.
Manufacturers o f cigars whose annual sales exceed one joined, fixed, or placed, to, with, or upon any vellum, parch­
hundred thousand and do not exceed two hundred thousand ment, paper, or any instrument or writing charged o r
chargeable with any o f the taxes hereby imposed, any
cigars shall each pay twelve dollars.
Manufacturers o f cigars whose annual sales exceed tw o adhesive stamp, or the impression of any stamp, die,
hundred thousand cigars shall each pay tw enty-four dollars plate, or other instrument, which shall have been pro­
vided, made, or used in pursuance of law, and which
PENALTIES AND FINES.
have been cut, torn, or removed from any other
And every person who carries on any business or occupa­ shall
tion for which special taxes arei mposed by this A ct, with­ vellum, parchment, or paper, or any instrument or
charged or chargeable with any of the taxes
out having paid the special tax herein provided, shall, be­ writing
imposed by la w ; or if any person shall willfully re­
sides being liable to the payment of such special tax, be move or cause to be removed, alter or cause to be altered,
deemed guilty of a misdemeanor, and upon conviction
thereof shall pay a fine o f not more than five hundred dol­ the canceling or defacing marks of any adhesive stamp
lars or be imprisoned not more than six months, or both, at with intent to use the same, or to cause the use o f the same,
after it shall have been once used, or shall knowingly or
the discretion of the Court.
wilfully sell or buy such washed or restored stamp, or offer
OLD STAMPS TO BE EXCHANGED.
the same for sale, or give or expose the same to any person
Sec. 5. Until appropriate stamps are prepared and fur­ for use, or knowingly use the same, or prepare the same
nished, the stamps heretofore used to denote the payment of with intent for the further use thereof; or if any person
the internal revenue tax on fermented liquors, tobacco, shall knowingly and without lawful excuse (the p roof
snuff, cigars and cigarettes may be stamped or imprinted whereof shall lie on the person accused) have in his posses­
with a suitable device to denote the new rate of tax, and sion any washed, restored or altered stamp which has been
shall be affixed to all packages containing such articles on removed from any vellum, parchment, paper, instrument
which the tax imposed by this A ct is paid. And any person or writing, then, and in every such case, every person sohaving possession of unainxed stamps heretofore issued for offending and every person knowingly and wilfully aiding,
the payment o f the tax upon fermented liquors, tobacco, abetting or assisting in comm itting any such offenses as
snuff, cigars or cigarettes shall present the same to the col­ aforesaid shall be deemed guilty of a misdemeanor, and
lector of the district, who shall receive them at the price upon conviction thereof shall forfeit the said counterfeit
paid for such stamps by the purchasers and issue in lieu stamps and the articles upon w hich they are placed and
thereof new or imprinted stamps at the rate provided by shall be punished by a fine not exceeding one thousand dol­
this Act.
lars or by imprisonment and confinement at hard labor not
A D H E S IV E S T A M P S .
exceeding five years, or both, at the discretion of the
Sec . 6. That, on and ofter the first day o f July, eighteen Court.
USER3 OF STAMPS TO A F F IX INITIALS AND DATES.
hundred and ninety-eight, there shall be levied, collected,
Sec . 9. That in any and all cases where an adhesive stamp
and paid, for and in respect to the several bonds, debent­
ures, or certificates of stock and of indebtedness, and other shall be used for denoting any tax imposed by this A ct, ex­
documents, instruments, matter?, and things mentioned cept as hereinafter provided, the person using or affixing the
and described in Schedule A of this A ct [see page 1195], or same shall write or stamp thereupon the initials o f his name
for or in respect to the vellum, parchment, or paper upon and the date upon which the same shall be attached or
which such instruments, matters, or things, or any of used, so that the same may not again be used. And if any
them, shall be written or printed by any person or persons, person shall fraudulently make use of an adhesive stamp to
or party who shall make, sign, or issue the same, or for denote any tax imposed by this A ct without so effectually
whose use or benefit the same shall be made, signed, or canceling and obliterating such stamp, except as before
issued, the several taxes or sums of money set down in mentioned, he, she or they shall be deemed guilty of a mis­
figures against the same, respectively, or otherwise speci­ demeanor, and upon conviction thereof shall pay a fine of
not less than fifty nor more than five hundred dollars, or be
fied or set forth in the said schedule.
And there shall also be levied, collected, and paid, for imprisoned not more than six months, or both, at the disand in respect to the medicines, preparations, matters, and ! cretion o f the Court.




J une 18 1898.J

THE CHRONICLEj

1193

PROPRIETARY ARTICLES UNDER SCHEDULE B MAY HAVE
STAMP3 OF SPECIAL DESIGN AND STAMPS MAY
BE CANCELED IN SPECIAL WAY.

PENALTIES FOR NOT USING STAMP3—DOCUMENTS TO BE IL ­
LEGAL-HOW DEFECT MAY BE CORRECTED AND
WHEN PENALTY MAY BE REMITTED.

Provided: That any proprietor or proprietors of proprietary
articles, or articles subject to stamp duty under Schedule B
o f this A ct, shall have the privilege of furnishing, without
expense to the United States, in suitable form, to be ap­
proved by the Commissioner o f Internal Revenue, his or
their own dies or designs for stamps to be used thereon, to
be retained in the possession o f the Commissioner o f In­
ternal Revenue, for his or their separate use, which shall
not be duplicated to any other person. And the proprietor
furnishing such dies or designs shall be required to pur­
chase stamps printed therefrom in quantities o f not less
than two thousand dollars face value at any one time.
That in all cases where such stamp is used, instead of can­
cellation by initial and date, the said stamp shall be so
affixed on the box, bottle, or package that in opening the
same, or using the contents thereof, the said stamp shall be
effectually destroyed; and in default thereof the pirty mak­
ing default shall be liable to the same penalty imposed for
neglect to. affix said stamp as hereinbefore prescribed in
this Act. Any person who shall fraudulently obtain or use
any o f the aforesaid stamps or designs therefor, and any
person forging or counterfeiting, or causing or procuring
the forging or counterfeiting, any representation, likeness,
similitude, or colorable imitation o f the said last-mentioned
stamp, or any engraver or printer who shall sell or give
away said stamps, .or selling the same, or, being a mer­
chant, broker, peddler, or person dealing, in whole or in
part, in similar goods wares, merchandise, manufactures,
preparations, or articles, or those designed for similar ob-

Sec. 13. That any person or persons who shall register, is­
sue, sell or transfer, or who shall be cause to be issued, regis­
tered, sold or transferred, any instrument, document or
paper of any kind or description whatsoever mentioned in
Schedule A [see page 1195] of this A ct, without the same
being duly stamped or having thereupon an adhesive stamp
for denoting the tax chargeable thereon, and canceled in
the manner required by law, with intent to evade the pro­
visions o f this A ct, shall be deemed guilty o f a misde­
meanor, and upon conviction thereof shall be punished
by a fine not exceeding fifty dollars, or by imprison­
ment not exceeding six months, or both, in' the dis­
cretion of the Court; and such instrument, document or
paper, not being stamped according to law, shall be deemed
invalid and of no effect: Provided, That hereafter, in all
cases where the party has not affixed to any instrument the
stamp required by law thereon at the time of issuing, sell-'
ing, or transferring the said bonds, debentures, or certifi­
cates of stock or o f indebtedness, and he or they, or any
party having an interest therein, shall be subsequently de­
sirous of affixing such stamp to said instrument, or, if said
instrument be lost, to a copy thereof, he or they shall ap*
pear before the collector of internal revenue of the proper
district, who shall, upon the payment o f the price of the
proper stamp required by law, and of a penalty of ten dol­
lars, and, where the whole amount o f the tax de­
noted by the stamp required shall exceed the sum of
fifty dollars, on payment also o f interest, at the rate
of six per centum, on said tax from the day on
which such stamp ought to have been affixed, affix the
proper stamp to such bond, debenture, certificate of stock
or o f indebtedness or copy, and note upon the margin there­
o f the date of his so doing, and the fact that such penalty
has been paid ; and the same shall thereupon be deemed and
held to be as valid, to all intents and purposes, as if stamped
when made or issued : And provided further, That where it
shall appear to said collector, upon oath or otherwise, to his
satisfaction, that any such instrument has not been duly
stamped, at the time of making or issuing the same, by rea­
son of accident, mistake, inadvertence, or urgent necessity,
and without any wilful design to defraud the United
States o f the stamp, or to evade or delay the payment
thereof, then and in such case, if such instrument, or, if
the original be lost, a copy thereof, duly certified by the
officer having charge of any records in which such orig­
inal is required to be recorded, or otherwise duly proven
to the satisfaction of the collector, shall, withio twelve
calendar months after the making or issuing thereof,
be brought to the said collector o f internal revenue to be
stamped, and the stamp tax chargeable thereon shall be
paid, it shall be lawful for the said collector to remit the
penalty aforesaid and to cause such instrument to be duly
stamped. And when the original instrument, or a certified
or duly proven copy thereof, as aforesaid, duly stamped so
as to entitle the same to be recorded, shall be presented to
the clerk, register, recorder or other officer having charge
of the original record, it shall be lawful for such officer,
upon the payment o f the fee legally chargeable for the re­
cording thereof, to make a new record thereof, or to note
upon the original record the fact that the error or omission
in the stamping o f said original instrument has been cor­
rected pursuant to law, and the original instrument
or such certified copy, or the record thereof, may be
used in all courts and places in the same manner and
with like effect as if the instrument had been originally
stam ped: And provided further, That in all cases where the
party has not affixed the stamp required by law upon any
such instrument issued, registered, sold or transferred at a
time when and at a place where no collection district was
established, it shall be lawful for him or them, or any party
having an interest therein, to affix the proper stamp thereto,
or, if the original be lost, to a copy thereof. But no right
acquired in good faith before the stamping of such instru­
ment, or copy thereof, as herein provided, if such record be
required by law, shall in any manner be affected by such
stamping as aforesaid.

or purposes, shall have k n ow in g ly or frau dulently in
iects
tis, her or their possession any such forged, cou n terfeited
likeness, sim ilitude, or colorable im itation o f the said lastm entioned stam p, shall be deem ed g u ilty o f a crim e, and,
upon con v iction thereof, shall be punished b y a fine n ot xCeeding five hundred dollars or im prisonm ent not exceedin g
■one year, or both.
PENALTIES FOR EVADING STAMP TAX.

10. That if any person or persons shall make, sign, or
issue, or cause to be made, signed, or issued, or shall accept
or pay, or cause to be accepted or paid, with design to evade
the payment of any stamp tax, any bill of exchange, draft or
order, or promissory note for the payment o f money, liable
to any of the taxes imposed by this A ct, without the same
being duly stamped, or having thereupon an adhesive stamp
for denoting the tax hereby charged thereon, he, she
or they shall be deemed guilty of a misdemeanor, and
upon conviction thereof shall be punished by a fine
not exceeding tw o hundred dollars, at the discretion of
the Court.
S ec.

FOREIGN BILLS OF EXCHANGE.

11. That the acceptor or acceptors of any bill of ex­
change or order for the payment o f any sum o f money
drawn, or purporting to be drawn, in any foreign country,
but payable in the United States, shall, before paying or
accepting the same, place thereupon a stamp indicating the
tax upon the same, as the law requires for inland bills of ex­
change, or promissory notes ; and no bill o f exchange shall
be paid or negotiated without such stamp ; and if any per­
son shall pay or negotiate, or offer in payment, or receive or
take in payment any such draft or order, the person or per­
sons so offending shall be deemed guilty of a misdemeanor,
and upon conviction thereof shall be punished by a fine not
exceeding one hundred dollars, in the discretion of the
Court.
Sec.

FACILITIES FOR FURNISHING STAMPS MAY BE EXTENDED.

Sec. 12. That in any collection district where, in the judg­
m ent o f the Commissioner of Internal Revenue, the facilities
for the procurement and distribution o f adhesive stamps are
Or shall be insufficient, the Commissioner, as aforesaid, is
authorized to furnish, supply and deliver to the collector of
any district, and to any Assistant Treasurer o f the United
States, or designated depositary thereof, or any postmaster,
a suitable quantity of adhesive stamps, without prepayment
therefor, and may in advance require of any collector, As
sistant Treasurer of the United States, or postmaster, a
bond, with sufficient sureties, to an amount equal to the
value of the adhesive stamps which may be placed in his
hands and remain unaccounted for, conditioned for the
faithful return, whenever so required, of all quantities or
amounts undisposed of, and for the payment monthly o f all
quantities or amounts sold or not remaining on hand. A n d
it shall be the duty of such collector to supply his deputies
with or sell to other parties within his district who may
make application therefor, adhesive stamps upon the same
terms allowed by law or under the regulations of the Com­
missioner of Internal Revenue, who is hereby authorized to
make such other regulations not inconsistent herewith, for
the security of the United States and the better accommo­
dation o f the public, in relation to the matters hereinbefore
mentioned, as he may judge necessary and expedient. And
the Secretary of the Treasury may from time to time make
such regulations as he may find necessary to insure the safe­
keeping or prevent the illegal use o f all such adhesive
stamps.




BONDS, &C., ISSUED ABROAD TO PAY SAME TAX AS THOSE
IN THE UNITED STATES.

Sec . 14. That hereafter no instrument, paper, or docu*
ment required by law to be stamped, which has been signed
or issued without being duly stamped, or with a deficient
stamp, nor any copy thereof, shall be recorded or admitted
or used as evidence in any court until a legal stamp or
stamps, donating the amount of tax, shall have been affixed
thereto, as prescribed by law: Provided, That any bond,
debenture, certificate o f stock, or certificate o f indebted­
ness issued in any foreign country shall pay the same tax as
is required by law on similar instruments when issued, sold
or transferred in the United States; and the party to whom
the same is issued, or by whom it is sold or transferred,
shall, before selling or transferring the same, affix thereon
the stamp or stamps indicating the tax required.
UNLAWFUL TO RECORD UNSTAMPED PAPERS.

Sec . 15. That it shall not be lawful to record or register
any instrument, paper or document required by law to be
stamped unless a stamp or stamps o f the proper amoqpt
shall have been affixed and canceled in the manner pre-

THE CHRONICLE.

1194

scribed by law; and the record, registry or transfer of any
such instruments upon which the proper stamp or stamps
aforesaid shall not have been affixed and canceled as afore­
said shall not be used in evidence.

[V ol . LXV1.

cle, respectively, in respect o f which any such offense shall
<

1be committed, be deemed guilty o f a misdemeanor, and!

upon conviction thereof shall pay a fine of not more than
five hundred dollars, or be imprisoned not more than s ix
months, or both, at the discretion o f the Court, and every
NOT TO BE INVALID FOR WANT OF PARTICULAR KIND OF such article or comm odity as aforesaid shall also be forfeited.
STAMP.
1
p e n a l t y f o r e v a d in g t a x .
Se c . 16. That no instrument, paper or document required
S ec 22. That any maker or manufacturer o f any of the
by law to be stamped shallbe deemed or held invalid and of
no effect for the want of a particular kind or description of :articles or commodities mentioned in Schedule B, as afore­
stamp designated for and denoting the tax charged on any said; or any other person who shall sell, send out, rem ove,
such instrument, paper or document, provided a legal doc­ or deliver any article or comm odity manufactured as afore­
umentary stamp or stamps denoting a tax of equal amount said, before the tax thereon shall have been fully paid byaffixing thereon the proper stamp, as in this act provided,
shall have been duly affixed and used thereon.
or who shall hide or conceal, or cause to be hidden or con ­
U. S. BONDS AND STATE AND CITY OBLIGATIONS EXEMPT.
Se c . 17. That all bonds, debentures, or certificates of in­ cealed; or who shall remove or convey away, or deposit, o r
debtedness issued by the officers of the United States G ov­ cause to be removed or conveyed away from or deposited in
ernment, or by the officers o f any State, county, town, mu­ any place, any such article or comm odity, to evade the tax
nicipal corporation, or other corporation exercising the tax­ chargeable thereon, or any part thereof, shall be deemed
ing power, shallbe, and hereby are, exempt from the stamp guilty o f a misdemeanor, and upon conviction thereof shall
taxes required by this A c t P r o v i d e d , That it is the intent pay a fine of not more than five hundred dollars, or be im ­
hereby to exempt from the stamp taxes imposed by this A ct prisoned not more than six mouths, or both, at the discre­
such State, county, town, or other municipal corporations tion of the court, together with the forfeiture o f any such
in the exercise only of functions strictly belonging to them article or comm odity:
in their ordinary governmental, taxing, or municipal ca­
ARTICLES INTENDED FOR EXPORTATION TO BE EXEMPT.
pacity.
Provided, That articles upon which stamp taxes are re­
BUILDING AND LOAN ASSOCIATIONS EXEMPT.
quired by this A ct may, when intended for exportation, be
Provided further, That stock and bonds issued by co-op- manufactured and sold or removed without having stamps:
-erative building and loan associations whose capital stock affixed thereto, and without being, charged with tax a,s
. does not exceed ten thousand dollars, and building and loan aforesaid; and every manufacturer or maker o f any article
associations or companies that make loans only to their share­ as aforesaid, intended for exportation, shall give such bonds
and be subject to such rules and regulations to protect the
holders shall be exempt from the tax herein provided.
ELEGRAPH MESSAGES TO BE TAXED. BUT NOT WHERE ON revenue against fraud as may be from time to time pre­
scribed by the Commissioner of Internal Revenue, with the
OFFICIAL BUSINESS FOR TELEGRPH OR TELEPHONE
COMPANIES, OR FOR RAILROAD COMPANIES
approval o f the Secretary of the Treasury.
OR THE GOVERNMENT.
DECLARATIONS BY MANUFACTURERS OR AGENTS-MONTHLY
Sec . 18. That on and after the first day o f July, eighteen
STATEVIENTS REQUIRED-PUNISHMENT FOR REFUSAL.

hundred and ninety-eight, no telegraph company or its agent
or employe shall transmit to any person any dispatch or
message without an adhesive stamp, denoting the tax im­
posed by this A ct, being affixed to a copy thereof, or having
the same stamped thereupon, and in default thereof shall in­
cur a penalty of ten dollars : Provided, That only one stamp
shall be required on each despatch or message, whether sent
through one or more com panies: Provided, That the mes­
sages or dispatches o f the officers and employes of any tele­
graph or telephone company concerning the affairs and
service of the company, and like messages or dispatches of
the officials and employes o f railroad companies sent over
the wires on their respective railroads shall be exempt from
this requirem ent: Provided, further, That messages of offi­
cers and employes of the Government on official business
shall be exempt from the taxes herein imposed upon tele­
graphic and telephonic messages.
Sec . 19. That all the provisions of this A ct relating to
dies, stamps, adhesive stamps and stamp taxes shall extend
to and include (except where manifestly inapplicable) all
the articles or objects enumerated in Schedule B, subject to
stamp taxes, and apply i o the provisions in relation thereto.

Sec . 23. That every manufacturer or maker o f any of the
articles or commodities provided for in Schedule B, or his
foreman, agent or superintendent, shall at the end of each
and every month make, sign and file with the Collector o f
Internal Revenue for the district in which he resides a dec­
laration in writing that no such article or comm odity has
during such preceding month or time when the last declara­
tion was made been removed or carried or sent or caused or
suffered or known to have been removed, carried or sent
from the premises of such manufacturer or maker other
than such as have been duly taken account of and charged
-with the stamp tax, on p in of such manufacturer or maker
forfeiting for every refusal or neglect to make such declara­
tion one hundred dollars; and if any such manufacturer or
maker, or his foreman, agent or superintendent, shall make
any false or untrue declaration, such manufacturer or
maker, or foreman, agent or superintendent making the
same shall be deemed guilty o f a misdemeanor, and upon
conviction shall pay a fine of not more than five hundred
dollars or be imprisoned not more than six months, or both,
at the discretion of the Court.

PROPRIETARY MEDICINES.
Sec . 20. That on v n l after the first day o f July, eighteen
hundred and ninel ■eight, any person, firm, c mpany or cor­
poration that shall make, prepare and sell, or remove for
consumption or sale, drugs, medicines, preparations, compo­
sitions, articles or things, including perfumery and cos­
metics, upon which a tax is imposed by this A ct, as provided
for in Schedule B [see page 1196], without affixing thereto an
adhesive stamp or label denoting the tax before mentioned,
shall be deemed guilty of a misdemeanor, and upon convic­
tion thereof shall pay a fine of not more than five hundred
dollars, or be imprisoned not more than six months, or both,
a t the discretion o f the Court.
p r e s c r ip t io n s e x e m p t .

Provided, That no stamp tax shall be imposed upon any
uncompounded medicinal drug or chemical, nor upon any
medicine sold to or for the use of any person which may be
m ixed or compounded for said person according to the writ­
ten recipe or prr scription of any practicing physician or sur­
geon, or which may be put up or compounded for said per­
son by a druggist or pharmacist selling at retail only. The
stamp taxes provided for in Schedule B of this A ct shall
apply to all medicinal articles compounded by any formula,
•«-published or unpublished, which are put up in style or man­
ner similar to that of patent, trade-mark or proprietary
medicine in general, or which are advertised on the package
or otherwise as remedies Or specifics for any ailment, or as
having any special claim to merit or to any peculiar advan­
tage in mode of preparation, quality, use or effect.
PENALTY

f o r u s in g s t a m p s t w i c e .

Sec . 21. That any manufacturer or maker of any o f the
articles for sale mentioned in Schedule B, after the same
shall have been so made, and the particulars hereinbefore
required as to stamps have been complied with, or any other'
person who shall take off, remove, or detach, or cause, or
permit, or suffer to be taken off, or removed or detached,
any stamp, or who shall use any stamp, or any wrapper or'
cover to which any stamp is affixed, to cover any other arti­•
cle or comm odity than that originally contained in suchi
wrapper or cover, with such stamp when first used, with thei
in lent to evade the stamp duties, shall for every such arti­■




STAMP TAXES ON SCHEDULE B TO APPLY FROM JULY 1.

Sec. 24. That the stamj) taxes prescribed in this A ct on
the articles provided for in Schedule B shall attach to all
such articles and things sold or removed for sale on and
after the sa d first day o f July, eighteen hundred and ninetyeight. Every person, except as otherwise provided in this
A ct, who offers or exposes for sale any article or thing pro­
vided for in said Schedule B, whether the article so offered
or exposed is of foreign manufacture and imported or of do­
mestic manufacture, shall be deemed the manufacturer
thereof, and shall be subject to all the taxes, liabilities and
penalties imposed by law for the sale of articles without the
use of the proper stamp donating the tax paid thereon;
and all such articles of foreign manufacture shall, in addi­
tion to the import duty impose 1 on the same, be subject to
the stamp tax prescribed in this A ct.
METHOD OF PAYING TAX ON FOREIGN-MADE GOODS.

Provided further, That internal revenue stamps required
by existing law on imported merchandise shall be affixed
thereto and canceled at tbe expense of the owner dr im­
porter before the withdrawal of such merchandise for con­
sumption, and the Secretary of the Treasury is authorized
to make such rules and regulations as may be necessary for
the affixing and canceling o f such stamps, not inconsistent
herewith.
STAMPS, HOW TO BE PREPARED AND SOLD.

That the Commissioner of Internal Revenue shall
cause to be prepared for the payment of the taxes prescribed
in this A ct suitable stamps denoting the tax on the docu­
ment, article, or thing to which the same may be affixed,
and he is authorized to prescribe such method for the can­
cellation of said stamps, as substitute for or in addition to
the method provided in this A ct, as he may deem expedient.
The Commissioner of Internal Revenue, with the approval
of the Secretary of the Treasury, is authorized to procure
any of the stamps provided for in this A ct by contract when­
ever such stamps cannot be speedily prepared by the Bureau
of Engraving and Printing, but this authority shall expire
on the first day of July, eighteen hundred and ninety-nine,
That the adhesive stamps used in the payment of the tax
levied in Schedules A and B o f this A ct shall be furnished
for sale by the several collectors of internal revenue who
S e c . 2 5.

«JUNE 18, 1898.]

THE CHKONICLE.

1195

T e l e p h o n e m e s s a g e s .—It shall be the duty of every person, firm,
shall sell and deliver them at their face value to all persons
or corporation owning or operating any telephone line or lines to
applying for the same, except odicers or employes of the make
within the first fifteen days of each month a sworn statement
internal revenue service.
to the collector of internal revenue in each of their respective dis­

DISCOUNT ON PURCHASES OF STAMPS.

Provided, That such collectors may sell and deliver such
stamps in quantities of not less than one hundred dollars of
face value, with a discount o f one per centum, except as
otherwise provided in this A ct. And he may, with the ap­
proval of the Secretary of the Treasury, make all needful
rules and regulations for the proper enforcement of this A ct.
S C H E D U L E A —STA H P
B o n d s,

TAXES.

d e b e n t u r e s o k c e r t i f i c a t e s o f i n d e b t e d n e s s iss u e d a fter

the f i r s t d a y o f J u l y , A.nuo D o m in i eigh teen h u n d red a n d n in e ty - eig h t ,

by any association, company, or corporation, on each hundred dollars
of face vaine or fraction thereof, live cents, and on each original issue,
whether on organization or reorganization, of c e r t i f i c a t e s o f s t o c k
by aDy such association, company, or corporation, on each hundred
dollars of face value or fraction thereof, Uve' cents, and on all sales or
agieementto sell or-memoranda of salei or deliveries or transfers of
shares or certilicates of stock in any association, company, or corpo­
ration, whether ma le upon or shown by the books of the association,
company, or corporation, or by any assignment in blank, or by any
delivery, or by any paper or agreement or memor-indura or other evi­
dence of transfer or sale, whether entitling the holder in any manner
to the benefit of such stock, or to secure the future payment of money
or for the future transfer of any stock, on each hundred dollars
of face value or fraction thereof, two cents: Provided, That in ca-e
of sale where the evidence of transfer is shown only by the
books of the company the stamp shall be pia :ed upon such books ; and
where the change of ownership is by transfer certificate the stamp
shall be placed upon the certincate ; and in cases of an agreement to
sell or wnere the transfer is by delivery of the certificate assigned in
blank there shall be made and delivered by the seller to the buyer a
bill or memorandum of such sale, to which the stamp shall be affixed ;
and every bill or memorandum of sale or agreement to sell before
mentioned shall sho w the date thereof, the name of the seller, the
amount of ttie sale and the matter or thing to which it refers. And
any person or persons liable to pay the tax as herein provided, or any­
one who acts in the matter as agent or broker for such person or per­
sons who shall make any such sale, or who shall, in pursuance of any
such sale,deliver any such stock or evidence of the sale of any such sto* k
orbili or memorandum thereof, as herein required, without having the
proper stamps affixed thereto, with intent to evade the foregoing provisions, shall be deemed guilty of a misdemeanor, and upon conviction
thereof shall pay a fine of not less than five hundred nor more than one
thousand dollars, or be imprisoned not more than six months, or both,
at the discretion of the ourt.
S a l e s o f p r o d u c t s o r m e r c h a n d i s e .— Upon each sale, agreement
of sale, or agreement to sell any products or merchandise at
any Exchange, or Board of Trade, or other similar place, either
for present or future delivery, for each one hundred dollars in
value of said sale or agreement of sale or agreement to sell, one
cent, and for each additional one hundred dollars or fractional part
thereof in excess of one hundred dollars, one cent : Provided, That on
every sale or agreement of sale or agreement to sell as aforesaid there
shall be made and delivered by the seller to the buyer a bid, memoran­
dum, agreement, or other evidence of such sale, agreement of sale, or
agreement to sell, to which there shall be affixed a lawful stamp or
stamps in value equal to thè amount of the tax on such sale. And
every such bill, memorandum, or other evidence oi sale or agree
ment to sell shall show the date thereof, the name of the seller,
the amount of the sale, and the matter or thing to which it refers ; and
any person or persons liable to pay tuetax as herein provided, or any­
one who acts in he matter as agent or broker for such person or per­
sons, who shall make any such sale or agreement of sale or agreement
to sell, or who shall, in pursuance of any such sale, or agreement of
sale, or agreement to sell, deliver any suoh products or merchandise
without a bill, memorandum, or other evidence thereof as herein re­
quired, or who shall deliver such bill, memorandum, or other evidence
of sale, or agreement to sell,without having the proper stamps affixed
thereto, with intent to evade the foregoing pro visions, shall be deemed
guilty of a misdemeanor, and upon conviction thereof shall pay a fine
of not less than five hundred nor more tha i one thousand dollars, or
be imprisoned not more than six months, or both; at the discretion of
the Court.
B a n k o ìie c k d r a f t or c e r t i f i c a t e o f d e p o s it n o t d r a w i n g in
t e r e s t , or order for the paymeut of any sum of money drawn upon
or issued by auy bank, trust company or any person or persons, com­
panies or corporations, at sight or on demand, two cents.

tricts, stating the number of messages or conversations transmitted
over their respective lines during the preceding month for which a
charge of fifteen cents or more was imposed, aud for eaoh of such
messages or conversations the said person, firm, or corporation shall
pay a tax of one cent: Provided, That only one payment of said tax
shall be required, notwithstanding the lines of one or more persons,
firms, or corporations shall be used for the transmission of each' of
said messages or conversations.
B o n d .—F o r in d e m n if y in g any person or persons, firm, or corpora­
tion who shall have become bound or engaged as surety for the pay­
ment of any sum of money, or for the due execution or performance of
the duties of any office or position, and to account for money received
by virtue thereof, aud all other bonds of any description, except such
as may be required in legal proceedings, not otherwise provided for in
this schedule, fifty cents.
C e r t if ic a t e o f p r o f i t s , a r a n y ce r tifica te o r m e m o ra n d u m s h o w in g
a n in te re s t in th e p r o p e r t y o r a ccu m u la tio n s o f a u y a s s o c ia tio n , c o m ­
p a n y , o r c o r p o r a t io n , a n d o n a ll t ra n s fe rs th e r e o f, o n e a o h o n e h u n ­
d re d d o lla rs o f fa c e v a iu e o r fr a c t io n th e r e o f, t w o ce n ts .
C e r t if ic a t e .— Any c e r t if ic a t e of d a m a g e , or otherwise, and all

other certificates or documents issued by any p >rt warden, marine
surveyor, or other person acting as suoh, twenty-live cents.
C e r t if ic a t e o f

any

d e s c r ip t io n

re q u ire d b y la w n o t o t h e r w is e

specified in this Act, ten cents.
C h a r t e r p a r t y .—Contract or agreement for the charter of any
ship, or vessel, or steamer, or any letter, memorandum, or other writ­
ing between the captain, master, or owner, or person acting as agent
of any ship, or -vessel, or steamer, aud any other person or persons,
for or relating to the charter of suoh ship, or vessel, or steamer, or
any renewal or thausfer thereof, if the registered tonnage of suoh
ship, or vessel, or --teamer does not exceed three hundred tons, three
dollars. Exceeding three hundred tons and not exceeding six hun­
dred tons, five dollars. Exceeding six hundred tons, ten dollars.
C o n t r a c t .—Broker’s note, or memorandum of saie of any goods o r
merchandise, stocks, bonds, exchange, notes of hand, real estate, o r
property of any kind or des' ription Issued by brokers or persons act­
ing as such, for each note or memorandum of sale not otherwise p r o ­
vided for in this Act, ten cents;
C o n v e y a n c e .— Deed, instrument, or writing, whereby any lands,
tenements, or other realty sold shall be granted, assigned, transferred,
or otherwise conveyed to, or vested in, the purchaser or purchasers, or
any other person or persons, by his, her or their direction .when the con­
sideration or value exceeds one hundred dollars and does not exceed
five hundred dollars, fifty cents; and for each additional five hundred
dollars or fractional part thereof in excess of five hundred dollars,
fifty cents.
D i s p a t c h , t e l e g r a p h i c .—Any dispatch or message, one cent.
E n t r y c auy goods, wares or merchandise at any custom-house^
eitoer for consumption or warehousing, not exceeding one hundred
dollars in value, twenty five cents. Exceeding one hundred dollars
and not exceeding five hundred dollars in value, fifty cents. Exceed­
ing five hundred dollars in value, one dollar.
E n t r y f o r t h e w i t h d r a w a l o f a n y goods o r m e rch a n d is e f r o m
c u s to m s b o n d e d w a re h o u se , fifty ce n ts.
I n s u r a n c e ( l i f e ). —Policy of insurance, or other instrument, b y
whatever name the same shall be called, whereby auy insur t tee shall
hereafter be made upon anv life or lives for each one hundred dollars
or fractional par' thereof, eight cents on the amount insure l : Pro­
vided. That on all pol e es for Ilf i insurance only, issued on thefndustrial or weekly-payment plan of insurance, the tax shall be forty
per centum of the amount of the first weeklv premium. Aud it shall
be the duty of each person, firm or corporation issuing such policies
to make within the first fifteen days of every month a sworn state­
ment to the col'eotor of internal reyenue in each of their respective
districts of the tot .* amount of first weekly premiums received on
such policies issued by the said person, firm, or corporation during the
preceding month, and up >n the total amount so received tne said per­
son, firm, or corporation shall pay the said tax of forty per oentum.
Provided further, That the provisions of this section shall not apply to
any fraternal, beneficiary society,« r order, or farmers’ purely local
co-operative company or association, or employes’ rel ef associations
operated on the lodge system or local oo operation plan, organized
and conducted solely by the members thereof for the exclusive benefit
of its members and not for profit.
I n s u r a n c e ( m a r in e , i n l a n d , f i r e ).— Each polioy of insurance or
other instrument, by whatever name the same shall be called, b y
which insurance shall be made or renewed upon upon property of any
description (including rents or profits), whether against peril by
sea or on inland waters, or by fire or lightning, or other peril, made b y
any person, association or corporation, upon the amount of premium
B i l l o f k x c i u n o b ( in l a n d ), d r a f t , c e r t i f i c a t e o f d e p o s i t charged, one-half of one cent on each dollar or fractional part
drawing interest, order for the payment of any sum of money, other­ thereof: Pi ovided, That purely co-operative or mutual fire insurance
wise than at sight and on demand, or any promissory note except companies carried on by the members thereof solely for the protection
bank notes issued for circulation, and for each renewal of the same, of their own property and not for profit shall be exempted from the
for a sum not exceeding one hundred dollars, two cents; and for each tax herein p ovided.
additional one hundred dollars or fractional part thereof in excess of
I n s u r a n c e (c a s u a l t y , f i d e l i t y a n d g u a r a n t e e ).— Eaoh policy o f
one hundred dollars, two cents. And f r o m and afte'• the first a a y o f insurance, or bond or obligation of the nature of indemnity for loss,
J u ly, eighteen hundred and ninety-eight, th e provisions of this para­ damage or liability, issued or executed or renewed by any person,
graph shall apply as well to original domestic money orders issued by association, company or corporation transacting the business o f ac­
the Government of the United States, and the price of>uch money or­ cident, fidelity, employer’s liability, plate glass, steam boiler, bur­
ders shall be increased by a sum equal to the value of the stamps glary. elevator, automatic sprinkler or other branch of insurance (ex­
herein provided for.
cept life, marine, inland and fire insurance), and each bond undertak­
B il l o f e x c h a n g e ( f o r e ig n ) or letrer of credit (including orders bj ing or recognizance, conditioned f >r the performance of the duties o f
telegraph or otherwise for he payment of money issued by express or any office or position, or for the doing or not doing of anything there­
other companies or any person or persons), dra A’n in but payable out in specified, or other obligation of the nature of indemnity} and each
of the United States, if drawn singly or otherwise than in a set of contract or obligation guaranteeing the validity or legality:o f bonds
three or more, according to the oustom of merchants and bankers, or other obligations issued by any State, county, municipal or ocher
shall pay for a sum not exceeding one hundred dollars, four cents, and public body or organization, or guaranteeing titles to real estate or
for each one hundred dollars orfractional part thereof in excess of one mercan'ile credits executed or guaranteed by any fidelity, guarantv
hundred dollars, four cents. In drawn in sets of two or more: For or surety company upon the amount of premium charged, one half o f
every bill of each set, where the sum made payable shall not exceed one c-nt on each dollar or fractiomil part thereof.
one hundred dollars, or the equivalent thereof, in any foreign cur­
L ■a s e , a g r e e m e n t , m e m o r a n d u m , or contract for the hire, use, or
rency in which such bill may be expressed, accordi g to the standard rent of any land, tenement, or portion thereof—If for a period of
of value fixed by the United States, two cents; and for each one hun­ time not exceeding one year, twenty-five cents. If for a period of
dred dollars or fractional part thereof in excess of one hundred dol­ time exceeding one year and not excee ting three years, fifty cents.“ If
lars, two cents.
for a period exceeding three years, one dollar.
B i l l s o f l a d in g or receipt (other than chart r party) for any goods,
M a n if e s t f o r c u s t o m - h o u s e e n t r y or clearance of the cargo of a n y
merchandise, or effects, to be exported from a port or place iu the ship, ve-sel, or steamer for a foreign port—If the registered tonnage
United States tó any foreign port or place, ten cents.
of su -h ship, vessel, or steamer does not exceed three hundred tens,
E x p r e s s a n d f r e i g h t .—It shall be the duty of every radroad or one dollar. Exceeding three hundred tons, and not exceeding six
steamboat company, carrier, express company, or corporation, or per­ hundred tons, three dollars. Exceeding six hundred tons, five dollars.
son whose occupation is to act as such, to issue to the shipper or con­
M o r t g a g e o r p l e d g e of l a n d s , estates or property, real or per­
signor, or his agent, or person from whom any goods are accepted for sonal. heritable op movable, whatsoever, where the same shall be
transportation, a bill of la ling, manifest, or other evidence of receipt made as a security for the paymeut of auy definite and certain sum of
and forwarding for each shipment; received for oar riage and transpor
money, lent at the time or previously due and owing or forborne to.be
tation. whether in bulk or in boxes, bales, packages, bundles, or not paid, being payable; also any convey'anceof any lands, estate or prop­
so inclosed or included ; and there shall be duly attached and can­ erty whatsoever, in trust to be sold or otherwise converted info
celed, as is in this Act provided to each of said bills of lading, mani­ money, which ishall be inteuded only as security, either by express
fests or other memorandum, aud to each duplicate thereof, a stamp of stipulation or otherwise; on any of the foregoitig exceeding
the value of one em t : Provided, That but one bill of lading shall be one thousand and not exceediug one thousand five hundred
required on bundles or packages of newspapers when in< losedin one dollars, twentyrfive cents; «and on eah five hundred dollars or
general bundle at the time of shipment. Any failure to issue s ich bill fractional part thereof in excess of fifteen hundred dollars, twentyof la ling, manifest or other memorandum, as hereiu provided, shall five cent": Provided, That upon each and every assignment or trans­
subject such railroad or steamboat company, carrier, express com­ fer of a mortgage, lease or policy of insurance, or the' renewal or con­
pany or corporation or person to a penalty of fifty dollars for each of­ tinuance of any agreement, contract or charter, by letter or otherwise,
fense, and no suoh bill of lading, manifest or other memorandum shall a stamp duty shall be required and paid at the same rate as that im­
be us£d in evidence unless it shall be duly stamped as aforesaid.
posed on the original instrument.




1196

THE CHK0N1CLE.

P a s s a g e t i c k e t by any vessel from a port in tbe United states to a
foreign port, if costing not exceeding thirty dollars, one dollar. Costlug more than thirty and not exceeding sixty dollars, three dollars;
posting more than sixty dollars, five dollars
P o w e r o p a t t o r n e y o r p r o x y f o r v o t in g at any election for
officers of any incorporated company or association, except religious,
charitable or literary societies, or public cemeteries, ten ce> ts.
P o w e r o f a t t o r n e y t o s e l l a n i > c o n v e y § r e a l e s t a t e , or to rent
or lease the same, to receive or collect rent, to sell or transfer any
stock, bonds, scrip, or for the collection of any dividends or interest
thereon, or to perform any and all other acts not hereinbefore spedfled, twenty-five cents: Provided, That no stamp shall be required
upon any papers necessary to be used for the collection of claims from
the United States for pensions, back pay, bounty, or for property lost
in the military or naval service.
P r o t e s t —Upon the protest of every note, bill of e>change, ac­
ceptance, check or draft, or any marine protest, whether protested by
a notary public or by any other officer who may be authorized by the
law of any State or States to make such protest, twenty-five cents
W a r e h o u s e r e c e ip t s for any g o o d s , merchandise, or property of
any kind held on storage in any public or private warehouse or yard,
except receipts for agricultural products deposited by the actual
grower thereof in the regular course of trade for sale, twenty-five
cents: Provided, That the stamp duties imposed by the foregoing
schedule on manifests, bills of lading, and passage tickets shall not
apply to steamboats or other vessels plying between ports of the
United States and ports in British North America.
SCHEDULE

D.

p r e p a r a t i o n s .— For and
upon every packet, box, bottle, pot, or phial, or other inclosure, con­
taining any pills, powders, tinctures, troches or lozenges, sirups, cor­
dials, bitters, anodynes, tonics, plasters, liniments, salves, ointments,
pastes, drops, waters (except natural spring waters and carbonated
natural spring waters), essences, spirits, oils, and all medicinal prepar­
ations or compositions whatsoever, made and sold, or removed for
sale, by any person or persons whatever, wherein the person making
or preparing the same has or claims to have any private formula,
secret or occult art for the making or preparing the same, or has or
claims to have any exclusive right or title to the making or preparing
the same, or which are prepared, uttered, vended, or exposed for sale
under any letters patent, or trade-mark, or which, if prepared by any
formula, published or unpublished, are held out or recommended to the
public by the makers, venders, or proprietors thereof as proprietary
medicines, or medicinal proprietary articles or preparations, or as
remedies or specifics for any disease, diseases, or affection whatever
Affecting the human or animal body, as follows:

M e d ic in a l

p r o p r ie t a r y

a r t ic l e s

and

W here such nacket, bo r, bottle, pot, phial, or other tnclosure, with its con­
tents, shall not exceed, at the retail price or value, the sum o f five cents, one•eighth o f one cent.
W here such nacket, box, bottle, pot, phial, or other inclosure, with its con­
tents, shall exceed the retail price or v a l u e o f five cents and »hall not exceed
at the retail price or value the sum o f ten cents, two-eighths o f one cent.
W here such packet, box, bottle, pot, phial, or other Inclosure, with its con­
tents, shall exceed the retail price or value o f ten cents and shall not exceed
■■at the retail price or value the sum o f fifteen cents, three eighths o f one cent.
W here each packet, box, bottle, pot, phial, or <ther inclosure, with its con­
tents, shall exceed the retail price or value o f fifteen cents ana shall not e x ­
ceed the retail price or value o f twenty-five cents, five eighths o f one cent.
A nd fo r each additional twenty-five cents o f retail price or value or fractional
part th ereof in excess o f twenty-five cents, five-eighths o f one cent.
P e r f u m e r y a n d c o s m e t ic s a n d o t h e r s i m i l a r a r t i c l e s .— For

[V ol. LXVI,

one-quarter o f one per centum on the gross amount of all
receipts of such persons, firms, corporations, and companies
in their respective business in excess of said sum of two
j hundred and fifty thousand dollars.
And a true and accurate return o f the amount of gross re­
' ceipts as aforesaid shall be made and rendered monthly by
j each of such associations, corporations, companies or persons
to the collector of the district in which any such association,
I
j corporation or company may be located, or in which such
person has his place o f business. Such return shall be ver­
ified under oath by the person making the same, or, in case
o f corporations, by the president or chief officer thereof.
Any person or officer failing or refusing to make return as
aforesaid, or who shall make a false or fraudulent return,
shall be liable to a penalty o f not less than one thousand
i
dollars and not exceeding ten thousand dollars for each
failure or refusal to make return as aforesaid and for each
! and every false or fraudulent return.
,

T A X E S ON S E A T S A N D

B ER TH S

IN

PA R LO R

CARS.

That from and after the first day o f July, eighteen
hundred ond ninety-eight, a stamp tax of one cent shall be
levied and collected on every seat sold in a palace or parlor
car and on every berth sold in a sleeping car, the stamp to
be affixed to the ticket and paid by the company issuing the
same.
S e c . 28.

L E G A C IE S

AND

D IS T R IB U T IV E S H A R E S
SONAL P R O P E R T Y .

OF

P E R ­

S e c . 29 That any person or persons having in charge cr
trust as administrators, executors or trustees, any legacies
or distributive shares arising from personal property, where
the whole amount of such personal property as aforesaid
shall exceeed the sum o f ten thousand dollars in actual
value, passing, after the passage of this A ct, from any per­
son possessed o f such property, either by will or by the in­
testate laws of any State or Territory, or any personal prop­
erty or interest therein, transferred by deed, grant, bargain,
sale or gift, made or intended to take effect in possession
or enjoyment after the death of the grantor or bargainer, to
any person or persons, or to any body or bodies, politic or
corporate, in trust or otherwise, shall be and hereby are
made subject to a duty or tax, to be paid to the United
States as follows—that is to s a y : Where the whole amount
o f said personal property shall exceed in value ten thousand
and shall not exceed in value the sum of twenty-five thou­
sand dollars the tax shall be :

F irst.—Where the person or persons entitled to any beneficial inter­
And upon every packet, box, bottle, pot, phial or o her inclosüre eon
taining any essence, extract, toilet water, cosmetic, vaseline, petro­ est in such property shall be the lineal issue or lineal ancestor, broth­
er.
or sister to the person who died possessed of such property, as
latum, hair oil, pomade, hair dressing, hair restorative, hair dve, tooth
wash, dentifrice, tooth paste, aromatio cachous, or any similar sub­ aforesaid, at the rate of seventy-five cents for each and every hundred
dollars
of the clear value of such interest in such property.
stance or article, by whatsoever name the same heretofore have been,
Second.—Where the person or persons entitled to any beneficial in­
now are or may hereafter be called, known or distinguished, used or
terest
in
such property shall be the descendant of a brother or sister
applied or to be used or applied, as perfumes or as applications to the
hair, mouth or skin, or otherwise used, made, prepared and sold or of the person who died possessed, as aforesaid, at the rate of one dol­
lar
and
fifty
cents for each and every hundred dollars of the clear
removed for consumption and sale in the United States : j
value of such interest.
Where such packet, box, bottle, pot. phial, or other inclosure, with Its con­
Third.—Where
the person or persons entitled to any beneficial inter­
tents, shall not exceed at the retail price or value the sum o f five cents, oneest in such property shall be the brother or sister of the father or
eighth o f one cent.
mother,
or
a
descendant
of a brother or sister of the father or mother,
W here such packet, box, bottle, pot, phial, or other inclosure. with its con ­
tents, shall exceed the retail price or value o f five cents and shall not exceed of the person who died possessed as aforesaid, at the rate of three dol­
the retail price or value 01 ten cents, two-eighths o f one cent.
lars for each and every one hundred dollars of the clear value of such
W here such packet, box, bottle, pot, phial, or other iDClosure, with its con­ interest.
tents, shall exceed the retail price or value o f ten cents and shsil not exceed
Fourth. Where the person or persons entitled to any beneficial in­
the retail price or value o f fifteen cents, three-eighths o f one cent.
W here such packet, box. bottle, pot, phial, or other inolosure, with its con­ terest in such property shall be the brother or sister of the grand­
tents, shall exceed the retail price or value o f fifteen cents, and shall not father or grandmother, or a descendant of the brother or sister of the
exceed the retail price or value o f twenty-five cents, five eighths o f one cant. grandfather or grandmother of the person who died possessed as
A nd fo r each additional twenty-five cents o f retail price or value or fractional aforesaid, at the rate of four dollars for each and every hundred dol­
part thereof in excess o f twenty-five cents, five-eighths o f one cen f.
lars of the clear value of such interest.
C h e w i n g g u m o r s u b s t it u t e s t h e r e f o r .— For and upon each
Fifth. Wher ■the person or persons entitled to any beneficial inter­
box, carton, jar, or other package containing chewing gum of not est in such property shall be in any other degree of collateral consan­
more than one dollar of actual retail value, four cents; If exceeding guinity than is hereinbefore stated, or shall be a stranger in blood to
one dollar of retail value, for each additional dollar or fractional part the person who died possessed, as aforesaid, or shall be a
thereof, four cents; under such regulations as the Commissioner of body politic or corporate, at the rate of five dollars for each and every
Internal Revenue, with the approval of the Secretary of the Treasury, hundred dollars of the clear value of such interest: Provided, That all
may prescribe.
legacies or property passing by will or by the laws of any State or
Sp a r k l i n g o r o t h e r w i n e s , when bottled for sale, upon each bot­ Territory, to husband or wife of the person died possessed, as afore­
tle containing one pint or less, one cent; upon each bottle containing said, shall be exempt from tax or duty.
more than one pint, two cents.
Where the amount or value of said property shall exceed the sum of
twenty-five thousand dollars, but shall not exceed the sum or value of
ARTICLED ON HAND SUBJECT TO TAX.
one hundred thousand dollars, the rates of duty or tax above set
That all articles and preparations provided forinthis schedule which forth shall be multiplied by one and one half; and where the amount
are in tpe hands of manufacturers or of wholesale or retail dealers on or value of said property shall exceed the 3um of one hundred thous­
the firs t day o f July, eighteen hundred and ninety eight, shall and dollars, but shall not exceed the sum of five hundred thousand
be subject to the payment of the stamp taxas herein provided for, but dollars, such rates of duty shall be multiplied by two; and where the
it shall be deemed a compliance with this Act as to such articles on amount or value of said property shall exceed the sum of five hun­
hand in the hands of wholesale or retail dealers as aforesaid who are dred thousand dollars, but shall not exceed the sum of one million
not the manufacturers thereof to atfix the proper adhesive tax stamp dollars, such rates of duty shall be multiplied by two and one-half;
at the time the packet, box, bottle, pot, or phial, or other inclosure with and where the amount or value of said property shall exceed the sum
Its contents is sold at retail.
of one million dollars, such rates of duty shall be multiplied by three.
S e c . 30. That the tax or duty aforesaid shall be a lien and
DRAWBACKS ON ARTICLES EXPORTED.
Sec . 26. There shall be an allowance of drawback on articles men charge upon the property o f every person who may die as
tioned in Schedule B of this Act on which any internal revenue tax aforesaid for twenty years, or until the same shall, within
shall have been paid, equal in amount to the stamp tax paid thereon, that period, be fully paid to and discharged by the United
and no more, when exported, to be p id by the warrant of the
Secretary of the Treasury on the Treasurer of the United States, States; and every executor, administrator or trustee, before
out of any money arising from internal taxes not otherwise payment and distribution to the legatees, or any parties en­
appropriated: Provided, That no allowance of drawback shall be titled to beneficial interest therein, shall pay to the collector
made for any such articles exported prior to July flrst, eighteen hun­
dred and ninety-eight. The evidence that any such tax has been or deputy collector o f the district of which the deceased
paid as aforesaid shall be furnished to the satisfaction of the Com person was a resident the amount of the duty or tax assessed
missioner of Internal Revenue by the person claiming the allowance upon such legacy or distributive share, and shall also make
of drawback, and the amount shall be ascertained under such regula­
tions as shall be prescribed from time to time by said Commissioner, and render to the said collector or deputy collector a sched­
ule, list, or statement, in duplicate, of the amount of such
with the approval of the Secretary of the Treasury.

legacy or distributive share, together with the amount o f
duty .which has accrued, or shall accrue thereon, veri­
fied by his oath or affirmation, to be administered and
S e c . 27. That every person, firm, corporation, or company certified thereon by some magistrate or officer having
carrying on. or doing the business of refining petroleum, or lawful power to administer such oaths, in such form
refining sugar, or owning or controlling any pipe line for and manner as may be prescribed by the Commis­
transporting oil or other products, whose gross annual re­ sioner of Internal Revenue, which schedule, list, or
ceipts exceed tw o hundred and fifty thousand dollars, shall statement shall contain the names o f each and every
3>e subject to pay annually a special excise tax equivalent to person entitled to any beneficial interest therein, to
E X C IS E

TAXES




ON

R E F IN IN G
SUGAR.

P E T R O L E U .T I

A N »

THE CHEONICLE.

J une 18, 18?8,]

gether with the clear value of such interest, the duplicate
o f which schedule, list, or statement shall be by him imme­
diately delivered, and the tax thereon paid to such collector;
and upon such payment and delivery o f such schedule, list,
or statement said collector or deputy collector shall grant
to such person paying such duty or tax a receipt or receipts
for the same in duplicate, which shall be prepared as here­
inafter provided. Such receipt or receipts, duly signed or
delivered by such collector or deputy collector, shall be suf­
ficient evidence to entitle such executor, administrator, or
trustee to be credited and alio ved such payment by every
tribunal which, by the laws of any State or Territory, is, or
may be, empowered to decide upon and settle the accounts
o f executors and administrators. And in case such executor,
administrator, or trustee shall refuse or neglect to pay the
aforesaid duty or tax to the collector or deputy collector, as
aforesaid, within the time hereinbefore provided, or shall
neglect or refuse to deliver to said collector or deputy co l­
lector the duplicate o f the schedule, list, or statement of
such legacies, property, or personal estate under oath, as
aforesaid, or shall neglect or refuse to deliver the schedule,
list O-' statement o f such legacies, property or personel
estate, under oath, as aforesaid, or shall deliver to said c o l­
lector or deputy collector a false schedule or statement of
such legacies, property or personal estate, or give the names
and relationship of the persons entitled to beneficial inter­
ests therein untruly, or shall not truly and correctly set
forth and state therein the clear value of such beneficial
interest, or where no administration upon such property or
personal estate shall have been granted or allowed under
existing laws, the collector or deputy collector shall make
out such lists and valuation as in other cases o f neglect or
refusal, and shall assess the duty thereon; and the collector
shall commenae appropriate proceedings before any court of
the United States, in the name o f the United States, against
such person or persons as may have the actual or construct­
ive cu-tody or possession o f such property or personal estate,
or any part thereof, and shall subject such property or per­
sonal estate, or any portion of the same, to be sold upon the
judgment or decree o f such court, and from the proceeds of
such sale the amount of such tax or duty, together with all
costs and expenses o f every description to be allowed by
such court shall be first paid, and the balance, if
any, deposited according to the order of such court,
to be paid under its direction to such person or
persons as shall establish title to the same. The
deed or deeds, or any proper conveyance o f such
property or personal estate, or any portion thereof so sold
under such judgment or decree, executed by the officer law­
fully charged with carrying the same into effect, shall vest
in the purchaser thereof all the title of the delinquent
to the property or personal estate sold under and by virtue
of such judgment or decree, and shall release every other
portion of such property or personal estate from the lien or
charge thereon created by this Act. And every person or
persons who shall have in his possession, charge or custody
any record, file or paper containing, or supposed to contain,
any information concerning such property or personal es­
tate, as aforesaid, passing from any person who may die, as
aforesaid, shall exhibit the same at the request of the col­
lector or deputy collector o f the district, and to any law
officer of the United States, in the performance of his duty
under this A ct, his deputy or agent, who may desire to ex­
amine the same. A nd if any such person, having in his
possession, charge or custody any such records, files or
papers, shall refuse or neglect to exhibit the same on re­
quest, as aforesaid, he shall forfeit and pay the sum of five
hundred dollars: Provided, That in all legal controversies
where such deed or title shall be the subject of judicial in­
vestigation, the recital in said deed shall be prima facie evi­
dence o f its truth and that the requirements o f the law had
been complied with by the officers of the Government.
Sec . 31. That all administrative, special, or stamp pro­
visions of law, including the laws in relation to the assess­
ment of taxes, not heretofore specifically repealed, are hereby
made applicable to this Act.
LOANS

Sec . 32. That the Secretary of the Treasury is authorized
to borrow from time to time at a rate o f interest not ex­
ceeding three per centum per annum, such sum or sums, as,
in his judgment, may be necessary to meet public expendi­
tures, and to issue therefor certificates of indebtedness in
such form as he may prescribe and in denominations of fifty
dollars or some multiple o f that sum; and each certificate so
issued shall be payable, with the interest accrued thereon,
at such time, not exceeding one year from the date of its
issue, as the Secretary of the Treasury may prescribe: Pro
vided, That the amount o f such certificates outstanding shall
at no time exceed one hundred millions o f dollars ; and the
provisions of existing law respecting counterfeiting and
other fraudulent practices are hereby extended to the bonds
and certificates of indebtedness authorized by this A ct.
S e c . 33. That the Secretary of the Treasury is hereby
authorized to borrow on the credit o f the United States
from time to time as the proceeds may be required to de­
fray expenditures authorized on account o f the existing war
(such proceeds when received to be used only for the purose of meeting such war expenditures), the sum of four
undred million dollars, or so much thereof as may be neces­
sary, and to prepare and issue thereof coupon or registered




1197

bonds of the United States in such form as he may pre­
scribe, and in denominations of twenty dollars or some
multiple o f that sum, redeemable in coin at the pleasure
o f the United States after tea years from the date o f their
issue, and payable twenty years from such date, and bearing
interest payable in coin at the rate of three per centum per
annum; and the bonds herein authorized shall be exempt
from all taxes or duties of the United States, as well as from
taxation in any form by or under State, municipal, or local
authority: Provided, That the bonds authorized by this section
shall be first offered at par as a popular loan under such
regulations, prescribed by the Secretary of the Treasury, as
will give opportunity to the citizens o f the United States to
participate in the subscriptions to such loan, and in allot­
ting said bonds the several subscriptions of individuals shall
be first accepted, and the subscriptions for the lowest
amounts shall be first allotted: Provided further, That any
portion of any issue o f said bonds not subscribed for as above
provided may be disposed o f by the Secretary o f the Treas­
ury at not less than par, under such regulations as he may
prescribe, but no commissions shall be allowed or paid
thereon; and a sum not exceeding one-tenth o f one per
centum o f the amount o f the bonds and certificates herein
authorized is hereby appropriated out o f any money in the
Treasury not otherwise appropriated, to pay the expense o f
preparing, advertising, and issuing the same.
C O IN A G E

OF

S IIiV G R

B U L L IO N .

S ec. 34. That the Secretary of the Treasury is hereby
authorized and directed to coin into standard silver doliars
as rapidly as the public interests may require, to an amount,
however, of not less than one and one half millions o f dol­
lars in each month, all of the silver bullion now in the
Treasury purchased in accordance with the provisions o f
the Act approved July fourteenth, eighteen hundred and
ninety, entitled “ An A ct directin r th i purchase o f silver
bullion and the issue o f Treasury notes thereon, and for
other purposes,” and said dollars, when so coined*, shall be
used and applied in the manner and for the purposes named
in said A c t .
M IX E D

FLOU R.

S ec. 35. That for the purposes o f this Aot the worde
“ mixed flour ” shall be understood to mean the food produot
made from wheat mixed or blended in whole or in part with
any other grain or other material, or the manufactured prod­
uct of any other grain or other material than wheat.
S e c . 36. That every person, firm, or corporation, befQre
engaging in the business o f making, packing, or re packing
mixed flour, shall pay a special tax at the rate of twelve dol­
lars per annum, the same to be paid and posted in accord­
ance with the provisions of sections thirty-two hundred and
forty-two and thirty-two hundred and thirty-nine of the
Revised Statutes, and subject to the fines and penalties
therein imposed for any violation thereof.
S e c . 37. That every person, firm, or corporation making,
packing or re-packing mixed flour shall plainly mark or
brand each package containing the same with the words
“ mixed flou r” in plain black letters not less than tw o
inches in length, together with the true weight of such
package, the names of the ingredients composing the same,
the name of the maker or packer and the place where made
or packed. In addition thereto, such maker or packer shall
place in each package a card not smaller than tw o inches in ’
width by three inches in length, upon which shall be printed
the words “ mixed flour,” together with the names of theingredients composing the same, and the name of the maker
or packer, and the place where made or packed. A ny per­
son, firm, or corporation making, packing, or re-packing
mixed flour hereunder, failing to comply with the provisions
of this section, shall be deemed guilty of a misdemeanor,
and upon conviction shall be punished by a fine of not less
than two hundred and fifty dollars and not more than five
hundred dollars, or be imprisoned not less than sixty days
nor more than one year.
S e c . 38. That all sales and consignments o f mixed flour
shall be in packages not before used for that purpose; and
every person, firm, or corporation knowingly selling or offer­
ing for sale any mixed flour in other than marked and
branded packages, as required by the provisions o f this A ct
relating to the manufacture and sale of mixed flour, or who
packs in any package or packages any mixed flour in any
manner contrary to the provisions relating to the manufac­
ture and sale of mixed flour of this A ct, or who falsely
marks or brands anv package or packages containing mixed
flour, or unlawfully removes such marks or brands, shall,
•for each such offense, be punished by a fine o f not less than
two hundred and fifty dollars and not more than five hun­
dred dollars, or by imprisonment not less than thirty days
nor more than one y ea r.
S e c . 39. That in addition to the branding and marking of
mixed flour as herein provided, there shall be affixed to the
packages containing the same a label in the following
words : “ N o t ic e — The (manufacturer or packer, as the case
may be) of the mixed flour herein contained has complied
with all the requiremenrs o f law. Every person is cautioned
not to use this package or label again or to remove the con­
tents without destroying the revenue stamp thereon, under
the penalty prescribed by law in such cases.” Every per­
son, firm or corporation failing or neglecting to affix such
label to any package containing mixed flour made or packed
by him or them, or who removes from any such package

1198

THE CHRONICLE.

any label so affixed, shall, upon conviction thereof, be fined
not less than fifty dollars for each label so removed.
S e c . 40. That barrels or other packages in which mixed
flour may be packed shall contain not to exceed one hun­
dred and ninety-six pounds; that upon the manufacture and
sale of mixed flour there shall be levied a tax o f four cents
per barrel or other package containing one hundred and
ninety-six pounds or more than ninety-eight pounds; two
cents on every half barrel or other package containing
ninety-eight pounds or more than forty-nine pounds; one
cent on every qnarter barrel or other package containing
forty-nine pounds or more than twenty-four and one-half
pounds; and one-half cent on every one-eighth barrel or
other package containing twenty-four and a-half pounds or
less, to be paid by the person, firm, or corporation making
or packing said flour. The tax levied by this section shall
be represented by coupon stamps, and the provisions of
existing laws governing the engraving, issue, sale, account
ability, effacement, and destruction of stamps relating to
tobacco and snuff shall, so far as applicable, be made to
apply to stamps provided in this section: Provided, That
when mixed flour, on the manufacture and sale of which
the tax herein imposed has been paid, is sold and then re­
packed without the addition of any other material, such re­
packed flour shall not be liable to any additional tax; but
the packages containing such re-packed flour shall be
branded or marked as required by the provisions o f Section
37 of this A ct, and shall contain the card provided for in
Section 37 h ereof; and in addition thereto the person, firm
or corporation repacking mixed flour shall place on the
packages containing the same a label in the following
words: “ Notice. The contents of this package have been
taken from a regular statutory package, upon which the
tax has been duly paid.” Any person violating the pro­
visions of this section shall, upon conviction thereof, be
punished by a fine of not less than two hundred and fifty
dollars and not more than five hundred dollars or by im ­
prisonment not to exceed one year.
S ec. 41. That whenever any person, firm or corporation
sells, consigns or removes for sale, consignment or con­
sumption any mixed flour upon which the tax required by
this A ct has not been paid, it shall be the duty o f the Com­
missioner of Internal Revenue, for a period of not more than
one year after such sale, consignment or removal, upon sat­
isfactory proof, to estimate the amount of tax which should
have been paid and to make an assessment therefor and
certify the same to the collector o f the proper district.
The tax so assessed shall be in addition to the penalties im
posed by this A ct for an unauthorized sale or removal.
Sec . 42. That all mixed flours imported from foreign coun­
tries shall, in addition to any import duties imposed thereon,
pay an internal revenue tax equal in amount to the tax im ­
posed under Section 40 of this A ct, such tax to be repre­
sented by coupon stamps, and the packages containing such
imported mixed flour shall be marked, branded, labeled and
stamped as in the case o f mixed flour made or packed in the
United States. Any person, firm or corporation purchasing
or receiving for sale or re packing any such mixed flour
which has not been branded, labeled or stamped, as required
by this A ct, or which is contained in packages which have
not been marked, branded, labeled or stamped, as required
by this A ct, shall, upon conviction, be fined not less than
fifty dollars nor more than five hundred dollars.
Sec 43. That any person, firm, or corporation knowingly
purchasing or receiving for sale or for re-packing and re-sale
any mixed flour from any maker, packer, or importer, who
has not paid the tax herein provided, shall, for each offense,
be fined not less than fifty dollars, and forfeit to the United
States all the articles so purchased or received, or the full
value thereof.
Sec . 44. That mixed flour may be removed from the place
of manufacture or from the place where packed for export
to a foreign country without payment of tax or affixing
stamps or label thereto, under such regulation and the filing
of such bond and other security as the Commissioner of In­
ternal Revenue, with the approval of the Secretary o f the
Treasury, may prescribe. Every person, firm, or corpora­
tion who shall export mixed flour shall plainly mark on each
package containing the same the words “ mixed flour,” and
the names of the ingredients composing the.same, the name
o f .the maker or packer, and the place where made or packed,
in accordance with the provisions of Sections 35 to 45, in­
clusive, o f this Act.
Sec. 45. That whenever any package containing mixed
flour is emptied it shall be the duty o f the person in whose
possession it is to destroy the stamp thereon. Any person
disposing of such package without first having destroyed the
stainp or mark or marks thereon shall, upon conviction, be
punished by a fine not exceeding the sum of twenty-five
dollars.
Sec , 46. That all fines, penalties, and forfeitures imposed
by Section 36 to Section 45, both inclusive, of this A ct may
be recovered in any court of competent j risdiction.
Sec . 47. That the Commissioner of Internal Revenue, with
the approval of the Secretary of the Tr-asury, shall make
all needful rules and regulations for carrying into effect the
provisions relating to the manufacture and sale of mixed
flour, being Section 35 to Section 49, both inclusive, of this
Act* and the said Commissioner o f Internal Revenue, by
and with the approval o f the Secretary of the Treasury, for
the purpose o f carrying said last-mentioned provisions of




[V o l . L X v i.

this A ct into effect, is hereby authorized to employ such
additional clerks and agents as may be necessary for that
purpose, not to exceed twenty in number.
S ic. 48. That any person, firm or corporation found guilty
o f a second or any subsequent violation of any of the pro­
visions of Section 35 to Section 45, both inclusive, relating
to the manufacture and sale of mixed flour as aforesaid, of
this Act, shall, in addition to the penalties herein imposed,
be imprisoned not less than thirty days nor more than ninety
days.
TO TAKE EFFECT AFTER SIXTY DAYS.

Sec . 49. That the provisions of this act relating to the
manufac ure and sale of mixed flour shall take effect and be
in force sixty days from and after the date of the passage of
this A ct ; and all packages of mixed flour found on the
premises of any person, firm or corporation on said day, who
has made, packed or re-packed the same, on which the tax
herein authorized has not been paid, shall be deemed tax­
able under the provisions o f Section 36 to Section 45, both
inclusive, o f this A ct, and shall be taxed and have affixed
thereon such marks, brands, labels and stamps as required
by the provisions of said sections or by the rules and regu­
lations prescribed by the Commissioner of Internal Revenue,
under authority of this Act.
TEA.
Sec. 50. That there shall be levied, collected, and paid
upon tea when imported from foreign countries a duty of
ten cents per pound.
A C T I ff E F F E C T D A Y A F T E R P A S S A G E .

Sec. 51. That this A ct shall take effect on the day next
succeeding the date o f its passage, except as otherwise
specially provided for.
Approved June 13, 1898.

SUPPLEMENTAL BILL.
On June 15, Chairman Dingley, of the W ays and Means
Committee, introduced a bill supplemental to the new law.
The bill passed the House the next day. It is intended to
correct omissions in certain of the amendments added by
the Senate. According to press dispatches it provides that
inventories of articles subject to tax which has not been
paid, or of legacies held m trust on which the tax shall
not have been paid, shall be filed in duplicate at
such times as the Commissioner of Internal Revenue may
require; that casualty, fidelity and guarantee insurance
companies, carrying on business solely for their own protec­
tion and not for profit, and having no capital stock, shall be
exempt from the tax; that taxes imposed by the bill not pay­
able by stamp shall be assessed and collected as other internal
revenue taxes are collected; that failure to affix stamps when
no specific penalty is prescribed shall be punished by a fine
of $50; that gross annual receipts to be taxed shall be for
the year beginning July 1; that the stamps on domestic
money orders shall be affixed by the person to whom they
are issued, and that the Commissioner o f Internal Revenue
be authorized to make all needful rules and regulations to
carry the law into effect.
— P o r t l a n d T r u s t C o m p a n y . —Increase of Capital.—Con­
solidation with Portland Safe Deposit Compaay. —(1) Tae
Portland Trust Company, with a paid-in c ipital stock of $100000, having increased i rs surplus to 100$, viz., to $b)0,0 in, has
voted to double its capital stock, which will be paid in at
once in cash. Tois will ma're it total responsibility $5 >0,•00, as there is a double liability on the stock, the same as on
that of national banks, and it will therefore have in the
near future $200,090 paid in capital, $ 100,000 stockholders’
liability and $100,000 accumulated surplus. (2) The Trust
Company recentlv leased on long time the property and busi­
ness of the Portland S ife Deposit Company, ani maved its
banking rooms to offices connected with ihe premises of the
latter company, situated in the sim e building.
—In connection with the subserip ions at pir f >r the new
Government 3-per-cent loin, Messrs Redmmd, Kerr & Co.
have issued a circular offering their services without charge
in obtaining such bonds as their friends may desire.
The circular gives considerable information relative to the
loan. Tne following table, for instance, shaws iu an inter­
esting manner the relatively higher prices at which the
present Government bonds are now selling :
B onds—
Redeemable.
2 per cent..........................
After
a
4s—Registered.................. ................ 5
Coupon. . ................... .............. ( July 1 .1 9 0 7 5
4s -Registered...................
.............. 1 Feb. 1, 1 92 '» S
Coupon ............
5s-Registered.................
Coupon ........................ ............ XFeb. i, 1904 5
6s ................................. . . .

Price,
June 15.
95
10912
11!
12 tq
124*4
11114

IIII 4
101*2

Yield
about.
2-75
2-75
| 2-90
2 90

—Mr. E. S. Marston has been elected Pres;dent of the
Farmers’ Loan & Trust Co., in place of R G. Ralston, who
resigned on account of his health. Mr Ralston has been
elected Chairman of the board of directors.
—The New England Loan & Trust Campauy announces in
our aivertising department the payment of debentures of
series G, amounting to $100,000.

Ju n e

THE CHRONICLE.

18 1898.1

3 £ ix je

C o m m e r c ia l

1199
C O T T O N .

3 £ im e s *

Jun > 17, 1898.
as indicated by our telegrams
from the South to-night, is given below. For the week ending
this evening the total receipts have reached 18,160 bales,
F r i d a y N i g h t , June 17, 18P8.
against 31,103 bales last week and 34,251 bales the previous
I Seasonable conditions exist in the general business situa week, making the total receipts since the 1st of Sept., 1897,
tion. A fair volume of merchandise appears to be moving 8,523,566 bales, against 6,651,529 bales for the same period of
from the producer to the consumer, and with few exceptions 1896-7, showing an increase since Sep.1,1897, o f 1,873,037 bales.
satisfactory prices are being realized. The W ar Revenue
Receipt» at—
Mon.
Wed. Thur».
Sat.
Tue».
F ri.
Total.
bill as passed by Congress at the close of last week and Galveston.. . . . .
17
24
101
10
125
277
signed by the President on Monday afternoon, has become
Tex. City, &o.
operative in some instances, although a number of provisions New Orleans...
42 1,519 2,758
724
102
781
5,926
27
33
38
38
13
17
166
do not take effect until July 1st. Subscriptions for the new Mobile..............
.........
bond issue are being freely received at Washington, and all Florida.............. ...... ...... ...... ......
Savannah.........
293
226
52
259
21
55
911
indications are that it will be largely over-subscribed. The
Brunsw’k,&o. .........
...... . . . . . . ...... ••••••
78
collapse of the Leiter interest in the wheat deal early in the
78
Charleston.......
177
476
5
50
156
week had temporarily an unfavorable influence, particularly
864
Pt. Royal, &c.
in speculative circles. There have been a few additional cases
21
21
o f yellow fever reported from the Mississippi districts, but Wilmington.. . .
10
7
10
73
100
Wash’ton, &c.
no serious outbreak is expected, as it is understood to be well
under control. The embarking of American troops at Tampa, Norfolk............
241
133
350
707
876
634
2,911
Fla., for the invading of Cuba has been a feature.
.........
...... . . . . . .
N’p’t News, &o. .........
.....
192
192
Lard on the spot has had only a limited sale, as neither re­ New York.......
450
696
410
575
200
906
3,237
finers nor exporters have been extensive buyers. Prices have Boston..............
182
251
252
247
147
457
1,536
declined, and the close was quiet at B’OSc. for prime Western Baltimore........ .........
.........
......
297
297
and S ^ c . for prime City. Refined lard has been quiet and Philadel’a, <feo..
75
225
308
610
60
336
1,614
easier, closing at 6*35c. for refined for the Continent. Imme­
diately following our last report there was a sharp break in Tot. this week 1,502 3,595 4,686 2,803 1,602 3,972 18,160
prices for contracts under free selling by packers. Subse­
The following shows the week’s total receipts,the total since
quently, however, prices partially recovered the loss on mod­ Sept. 1,1897, and the stock to-night, compared with last year.
erate buying, stimulated by the light receipts of swine.

COMMERCIAL

F r id a y N ig h t .

T h e M o v e m e n t o f t h e Cr o p ,

EPITOME.

Receipt» to
June 17.

1897-98.
This Since Sep.
week.
1 ,1 8 9 7.

1896-97.
This Since Sep.
week.
1 ,18 9 6.

Galveston...
Tex. C.,&o.
New Orleans
Mobile.........
Florida.........
Savannah...
Br’wick,&o.
Charleston..
P.Royal,&o.
Wilmington.
Wash’n, &o.
Norfolk.......
N’portN.,&o
New York...
Boston.........
Baltimore. .
Philadel. &o.

277 1,901,204
93,031
5,926 2,645,004
166 361,546
116,701
911 1,182,118
78 269,177
864 468,643
75,862
21
100 323,406
1,280
2,941 568,959
192
25,029
3,237 113,760
1,536 218,994
73,249
297
1,614
80,603

394 1,338,829
48 112,751
2,157 2,063,349
12 292,044
87,703
408 838.372
177,266
25 397,989
8
73,595
27 234,428
857
41 703,042
76
18.611
48,230
158,284
731
61,897
168
616
44,282

18.160 8,523,56«

4,711 6,651,529

DAILY CLOSING PRICES OF LARD FUTURES.

July delivery.......... ....c .

Sat.
6-00

3fon.
6*02

Tues.
6-02

Wed.
6-12

Thurs.
612

Fri.
6-07

Pork has been in only limited demand and prices have been
easier, closing at $10 50@10 75 for mess. Cut meats have sold
slowly and prices have weakened slightly, closing at 5%@6c.
for pickled bellies, 12@10 lbs. average, 73^@79£c, for pickled
hams and 4^ @ 4% c. for pickled shoulders. Beef has been in
light demand and easier, closing at $9 50@10 50 for mess,
$11 00@11 50 for packet, $12 00@12 50 for family and $10 00@
17 00 for extra India mess. Beef hams have declined
to $22 50@23 00. Tallow has sold slowly and prices
have declined, closing with sales at
3 ^ c.
Lard
stearine has held steady, closing at 7c. for prime
City. Oleo stearine has declined to 5 ^ c ., closing dull.
Cotton-seed oil has been quiet and easier, closing at 25c. for
prime yellow. Butter has had only a moderate sale, but
values have held steady at \Z%c.@\lc. for creamery. Cheese
has been in fair demand and steady, closing at 5}£c.@7c. for
new State factory, full cream. Fresh eggs have been in fair
demand and steady, closing at l l ^ c . @ l 2c. for choice
Western. Brazil grades of coffee have had only a small sale.
Jobbers generally have continued to complain of the dulness of the distributing business and consequently have been
indifferent buyers of invoices. There has beeD, however, no
pressure to sell and values have held steady at 6%c. for Rio
No. 7. Mild grades have been in only limited demand, but
as offerings have not been excessive values have been well
maintained, closing at 8^ c .@ 8% c. for good Cucuta. The
specula i n in the market for contracts has been dull, as
neither buyers nor sellers have been aggressive, and changes
in prices have been unimportant. The close was easier under
limited selling for local account. Following are final asking
prices:
June..................... 5'60o. I Sept.....................5*70o. I Deo................. 5'80cJuly........... ...........5'60o. O ct...................... 5 75o. Jan...................... 5‘85oAug........................5 ’65o. I Nov..................... 5'75o. I Mar..................... 5'95o.

Raw sugars have been dull, refiners having been indifferent
buyers, but as importers has not been anxious to make
sales, values have been well maintained, closing at 4 5-16c.
for centrifugals, 96-deg. test, and 3%c. for muscovado 89-deg.
test. Refined sugar has continued to meet with a disap­
pointing demand, but prices have held firm, closing at 5% c.
for granulated. Teas have been in demand at full prices.
Kentucky tobacco has been in limited demand but values
have held steady. Seed leaf tobacco has had only a small
sale, but values have been fairly well maintained. Sales for
the week were 860 cases. Also 1,000 bales Havana at 60c.
to $ 1 10 in bond and 250 bales Sumatra at 75c. to $2 in bond.
Straits tin has continued to have a fairly good call from
the consuming trade, and values have held to a steady basis,
closing at 15'10@15*20c. Ingot copper has had only a limited
sale, but deliveries on contracts have been fair, and prices
have been steady at ll% @ 12c. for Lake. Lead has sold
with some freedom, and prices have advanced to 3'95c. for
domestic. Spelter has been sparingly offered, and prices
have advanced to 5'10@5*15c. for domestic. Pig iron has
been quiet and prices have been barely maintained, closing
at $9 75@$11 50 for domestic.
Refined petroleum has been unchanged,; closing at 6'15c. in
bbls.,3#65o. in bulk aud,6'80c. in cases; naphtha quiet at 5’50co
Crude certificates have been easier, closing at 8ic,;. credit
balances have been lowered to 85c. Spirits turpentine has
sold slowly, and prices have declined to 2 7 ^ ®37%<s. Rosins
have been dull and unchanged at $1 4?%@$1 45 for common
8-nd good strained. Wool has been firm {but quiet. Hops
have had a fair sale at steady prices.




Totals.......

Stock.
1898.

1897.

26,571

9,907

131,470
7,359

50,923
4,454

10,169
2,147
7,472

13,765
1,318
17,870

7,735

3,489

29,115
2,84«
115,369
10,000
11,375
9,487

3,476
1
114,104
7,70'»
7,303
3,523

371,097

237,833

In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons.
Receipts at—

1898.

1897.

1896.

1895.

1894.

1893.

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

277
5,926
166
911
885
100
2,941
192
6,762

442
2,157
12
408
33
27
41
76
1,515

670
10,431
21
994
70
25
446
472
1,540

569
2,833
770
1,607
3,605
20
391
335
5,384

1,318
3,106
47
2,800
1,935
16
874
502
1,471

1,574
8,984
769
3,636
1,425
98
2,716
691
3,203

Tot. this wk.

18,160

4,711

14,669

15,514

12,069

23,096

Since Sept. 1 8523,566 6651,529 5174,159 7832,272 5870,851 4974,374

The exports for the week ending this evening reaoh a total
ef .’>2,997 bales, o f which 21,749 were to Great Britain, ----to France and 31,248 to the rest o f the Continent. Below
are the exports for the week and since Sept. 1, 1897.
Export»
from—
Galveston.......
Tex. City, Ac..
New Orleans..
Mobile. . . . . . . .
Pensacola.......
Savannah.......
Brunswick.. . .
C harleston....
Port R o y a l....
W ilm ington...
N’ port N., Ac..
New Y ork .......
Baltimore......
Philadelphia..
San Fran., Ac.

Week Ending June 17 , 1898. From Sept. 1,1897, to June 17, IHWh.
Exported to—
Exported to—
Great
Total.
France Conti­ lotal Great France Conti­
Brtt’n.
nent. Week. Britain.
nent.

4,104

2,297
230
5,240

4,700
2,250

3,417
470
3,261
9,038
1,324
75

2,575
10,804
2,001
375

T o ta l...........

21,749

Total, 1896-97.

3.208

2,297 750,504 299,302
286
9,858
9,404 1,081,507 415,745
153,513
72,150
4,700
73,740 32,547
157,269
2,250
83,489
57,831
117,089
5,092
64,351
20n
470
11^987
14,125 333,422 50,038
9,038 292,872
3,925
91,461 4,970
15,095
75
375
9,532

434,173 1,484,039
24,595
34,453
781,124 2,278,376
73,574 227,087
39,535 111,691
627,021 733,908
87,113 244,882
236,213 319,702
8,500
00,334
180,807 298,050
31,452
95,803
4,432
10,019
283,854 067,914
5,&20 298,39^
112,890 209,321
1.550
17,245
132,718 142,250

31,248 52,997 3,370,879 803,402 3,005,231 7,245.572
6.37ft 20.252 29.83ft 2.97ft 5*1 ftas'580 2 1’’ 2 1«4 5.839 485

1200

THE CHRONICLE.

In addition to above exports, our telegrams to-night also
fiv e us the following amounts o f cotton on shipboard, not
cleared, at the ports named. W e add similar figures fo i
New York, which are prepared for our special use by Messrs,
Lambert & Barrows. Produce Exchange Building.
ON SHIPBOARD, NOT CLEARED FOR—

June 17 at

Great
Other
B ritain. F rance. F oreign

Coastw ist.

Total.

L eaving
stock.

7,743
4,805
None.
None.
1,000
None.
4,600
5,000

4,421
None.
None.
None.
None.
None.
600
None

9.159
None.
None.
300
None.
500
3,650
3,000

131
None.
None.
None
None.
10,200
None.
None.

21,454
4,805
None.
300
1,000
10,700
8,850
8,000

110,016
21,766
10.169
7,172
6,359
18,415
106,519
35,572

Total 1 8 9 8 ...

23,148

5,021

16.609

10.331

55,109

315,988

Total 1 8 9 7 ...
Total 1 8 9 6 ...

4,756
7,351

6,060
1.206

13,489
2 «,608

1,725
4,054

26,030
39,219

211.803
237.694

8L « «

S
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S a t.

GULF.

S a t.

Good Ordinary............................
Low Middling..............................
Middling........................................
Good Middling.............................
Middling Fair..............................
STAINED.

Fr»

56,6
61«

56,6
61«

714

714

613lfl 6'3,6

714

Th.

F ri

59,6 5-16
59te 59)6 5»16 59,6
63g
63«
63«
63g
63«
63«
eist« 6l3lg 6 l3le 613ie 613,6 613)6
71 ,
7 iitt 7 V
7V
71,6 7'ie
73«
7ifl
712
7ifl
713
713
M on Tues W ed

S a t.

Low Middling..............................
Middling.......................................
Striot Middling............................
Good Middling Tinged..............

Th.

5B,e
61«
6 9,6
613,6

M on Tnes W ed

4l5ie

4<5t.
61«
6 H 32 61 lg:
6V
6V

415,6
61«
6 iiss,
69,6

Th.

416,6 416,6
61«
61«
6 II32 6H 3
69,0
6a,0

to

F rt.
415,0
6i«
611-82
6»i8

1898. ...0 . 69,6 1890 ...0*123 0 1882. ...0.123,6
1 8 7 4 .... c.1778
1889. ....... 1 1
1897. ....... 73,
1881. ....... 111,6
1873.........21
1896. ....... 7%
1888. ....... 103,0
1880. ....... 12
1872.........2 6 k
1887. ....... 113|6
1895. ....... 714
1879. ....... 12716
1871.........2078
1894. ....... 75j8 1886. ....... 9%
1878. ....... I l l «
1870.........21^9
1885. ....... IOI3
1893. ....... 8 1,6
1877. ....... l l h
1869.........33ifl
1892. ....... 712
1884. ....... I ll «
1876. ....... 121«
1868.........2 9 \
1891. ....... 8L.
1883. ....... IO9 «
1875. ....... 1514
186 7 .........27
N ote .—On Oct. 1 ,1 8 7 4 , grades of ootton as quoted were changed.
According to the new classification Middling was on that day quoted
*80. lower than Middling of the old classification.

Bat’day..
Monday.
Tuesday
Wed’day
Th’day..
Friday..

Quiet at 1,6 adv.
D ull.....................
Dull.....................
Steady ................
Q iet & steady.
Dull.....................

Total..




SALES OF SPOT AND CONTRACT.
Con- Spec- Con­
sum p. id't’n tract.

500

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

200

48,300
77,900
65,700
43,900
20,000
33,100

....

400 3,133

288.900

2*00

736
225
126
1.087

__

480

....

1.64«

Sales o f
Futures.

500
200
666
936
705
126

....

666

Total.

___

....
....

....

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II

M A R K E T A N D SA L E S .

The total sales o f cotton on the spot and for future delivery
each day during the week are indicated in the following
statement. For the convenience of the reader we also add
a column which shows at a glance how the market closed
on same days.
Ex­
p ort.

00

05 05 0 05

M tU

The quotations for middling upland at New Y ork on
June 17 for each of the past 32 years have been as follows.

SPOT MARKET
CLOSED.

-3

05 05 0 05

m *»

œo
n
e
s
DQ
D-NS
«>d eK
O 6»
i £ SLS
•
©
! Î
« »
; 09
! O
R)
• S'

O ! ©©O©

5V
fii«
6 aie
613„

714

03
GCto 00
o^toa Sfw*kS'
e d®d » sÿWp so di” 2.
o. eoa. Pi
©
• ®o* *4 SQVj VJ 0 9 0 *
‘ a®* • w ®
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©
.t o

^ ^ OQ •*■*» 06
£ £ (»
WM S
©
COM
S
I 95°*
I 9*°®
I
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05 05 O 05
0303003
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Even
732 ofl
7,a oft
I*« off
18s off

M o n T hom W e d

5&ie 55ie
6i$
6i«
6»,« 69.«
6l3le 6!318
7A»
714

00 <P
D
i ? EliO
V so
II
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! o*pd ! 8 e g
• P" d '
©
H
: 8 : Z ! V
: c*: cn :
1 1
* ®• I ■&

tO tO

On this basis the o'ficial prices for a few o f the grades for

Good Ordinary............................
Low Middling..............................
Middling.......................................
Good Middling............................
Middling Fair..............................

<
QWgp®
0 3-&P*

0305005

d 03

the past week—-Tune 11 to June 17—would be as follows.
UPLANDS.

p*
0
?3| h
w p*
«■d 5 ^
; s e es
d
t 8»;
a
1
t 3» 1

‘ A®CO
b
►
►
® 1 <1 aa ■4 aa ◄ aa
Ifib*
t?»j»
*»*»60 10 © 0910
toto
10
»7 to 1 Ö
1 e»
10
1 9>

114 ofl

Good Ordinary..................c.
Good Middling Tinged.......
Striot Middling Stained___
Middling Stained.............. .
Striot Low Mid. Stained...
Low Middling Stained.......

OB

dy»MSt

Speculation in cotton for future delivery has continued
witoout animation and the tendency of prices has been to­
wards a slightly lower basis. Needed rains have been re­
ported in the Gulf and Atlantic States, and crop accounts
generally have been of a favorable nature, which have in ­
duced some selling o f the distant deliveries. Owing, how
ever, to the fact that it is early in the crop season and that
prices ruling are low, sellers have not been disposed to be
aggressive and the decline in values has been unimportant.
Early in the week manipulation by bull operators advanced
prices for this crop deliveries. Outside longs took advantage
of the higher prices to liquidate their accounts and the
collapse of the bull interest in the wheat deal also had "its
influence against a deal in August contracts, and prices re­
acted. The demand for actual cotton has continued to drag,
there being little or no interest shown by spinners, and ex­
porters state that the few orders they have in hand are
at prices fully 25 points under ruling quotations. To day
here was a dull market. Immediately following the opening
prices weakened slightly under favorable crop accounts and
disappointing foreign advices. Subsequently, however, the
market turned steadier,and the close showed prices unchanged
to 1 point lower for the day. Cotton on the spot has been
dull but steady at l-16c. advance, closing quiet at 6 9 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 mav be delivered on contract, are as follows.
Fair........................ ...............o.
1 on
Middling Fair............ ........... u , 6 on
Strict Good Middling...........
on
...............
x4 on
Good Middling.......
ng
Strict Low Middling............ 316 off
Low Middling.......
7^6 O f f
Strict Good Ordinary.
'8Off

L XV L

T he S ales and P rices of F utures at N ew Y ork are
show n in the follow in g com prehensive table.

li

New Orleans...
G a lv e ston ......
savannah....... .
Charleston.......
Mobile...............
Norfolk..............
New York.........
Other ports___

IV o l .

II

II

II

II

I I:

* Includes sales in September, for September, 84,900; SeptemberOctober, for October, 375,200; September-November, for November,
318,100; September-December, for December, 1,181.400; SeptemberJanuary, for January, 3.979,600; September-February, for February,
161,300; September»March, for Maroh, 2,878,400; September-April,
for April, 159,600; September-May, for May, 4,694,100.

The following exchanges have been made during the w e e k :
•20 pd. to exoh. 1.000 Oct. for Aug
•25 pd. to exeh. 1.000 Oct. for Aug
.04 pd. to exch. 300 June for Ang.
•01 pd. to exeh.. 300 Jane for July.
28 pd. to exch.. 200 Oct. for Aug.
30 pd. to exoh.. 200 Oot. for Ang.
•04 pd. to exoh.. 600 Jaly for Ang.
•09 pd. to exoh. 1.000 Sep. for Men.
•10 pd. to exch.. 800 Oot. for Mch
•06 pd. to exoh . 100 Nov. for Jan.
*08 pd. to exoh. 500 Oot. for Feb.

•04 pd. to exch. 100 Oot. for July.
•06 pd. to exoh. 1,000 J’ne for July
*01 pd. to exch. 100 Nov. for Oot.
09 pd. to exoh. 200 Jan. for Apr.
•22 pd. to exoh. 100 Oot. for Aug.
*03 pd. to exoh. 200 July for Aug.
•18 pd. to exoh. 700 Sept, for Aug.
•11 pd. to exoh. 1,000 Oot. for Moh.
*04 pd. to-exoh. 200 Oot» for Jan.
•19 pd. to exoh. 2,100 Sep. for Ang.
•02 pd. to exoh. 400 Oot. for Sep t.

J une 18, 1898.1

THE

CHRONICLE.

1201

T h e V is ib l e S u p p l y o f C o t t o n to-night, as made up oy
Quotations for Middling uotton at other Markets .—
^
telegraph is as follows. Continental stocks, as well Below are closing quotations of middling cotton at Southern
fts those for Q-reat Britain and the afloat are this week’s re* and other principal ootton markets for each day of the week.
t*ir5 ®and consequently all European figures are brought down
)LOSING QDOTATIONS KOB MIDDLING OOTTON ON—
to Thursday evening. But to make the total the complete Wtek ending
June 17.
figures for to-night (June 17), we add the item of exports from
Satur.
Mon.
Tuez.
F ri.
Wednet. T h u n .
the United States including in it the exports of Friday only.

Galveston. .
6
6
6
6
6
6
.
,
'
1898.
1897.
1896
1895.
New Orleans
6 1!«
6iie
61!«
6 !i«
6ii«
■took at L iv e rp o o l.....b a les. 1,143,0001,034,000 947.000 1,612,000 Mobile.........
6
f “
6
6
6
6
Stock at London.......................
3,000
5,000
5,000
8,000 Savannah. .
6
6
6
6
6
6
Total Great Britain stock. 1,146,0001,039,000 952,000 1,620,000 Charleston..
6
6
6
6
6
6
Stock at Hamburg. . . . . . __ . . .
13,000
61«
6i«
22,000
27.000
6i«
30.000 Wilmington.
61«
61«
61«
Stock at Bremen........
279,000 178.000 192.000 300.000 Norfolk.......
63g
6%
63«
63«
63fe
6%
Stock at Amsterdam___ _. . . .
2,000
3.000
9.000
17.000 B o sto n ......
6*a
6918
69i«
6»ia
6» 1 S
6«i«
68a
Stock at Rotterdam.............. .
300
689
68«
200
200
200 Baltimore...
60s
6««
¿8«
6l3ie
61318
61310
Stock atAntw erp.. . . . . . . . . . . .
7,000
11,000
18.000
15.000 Philadelphia
613la
6l3ia
613ia
212,000
Stock at Havre..............
192.000 243.000 436.000 Augusta.......
6i*
6k
6*1«
6*1«
6*1«
6*16
Stock at Marseilles................ ..
4,000
6
6
6
6.000
7.000
5,000 Memphis....
6
6
6
Stock at Barcelona.......
91.000
6
6
6
86,000
88,000 100.000 8t. L o u is....
6
6
6
Stock a tG e n o a ...........
23,000
51516
39.000
84.000
53.000 Houston. . . .
51*1«
5 « ie
£1*1«
5l5ia
S” “
Stock af Trieste............
9,000
6
6
14.000
6
33.000
23.000 Cincinnati..
6
6
61«
61«
618
61«
61«
61«
Total Continental Stocks.. 640,300 551,200 701,200 979.200 Louisville...
Total European stocka— 1,786,300 1,590,200 1,653,200 2,599,200
The dosing quotations to-day (Friday) at other important
India ootton afloat for Europe 129.000 126,000
138,000 174,000 Southern markets were as follows.
Amer. cotton afloat for Europe 189.000
82,000
84,000 116,000
Egypt, Brazil,&o.,aflt.for E’pe
22,000
22,000
13,000
12,000 Athens........................... Columbus, Miss 5 ^
Nashville. . . . .
6
Eufaula.. . . . . . .
5?8
Stock in United States ports . 371,097
Natohez.......... . S7«
237,833
276,913 452,894 Atlanta. . . . . . . .
Stock in U. S. interior towns.. 176,343
Raleigh......... . . 6
76,129
113,648
71,898 C h a rlo tte ...... ......... Little R oo k .... 5 ^
Montgomery... 5iaia Shreveport.... . 58«
United States exports to-day.
9,991
11,791
1,720
11,386 Columbus, Ga. 5 7s
Total Visible su n p l}......... 2,683,731 2,145,953 2,280,481 3,437,378
O v e r l a n d M o v e m e n t f o r t h e W e e k a n d S in c e S e p t . 1.—
O f the above, totals or American and other descriptions are as follows: We give below a statement showing the overland movement
Am erican—
for the week and since Sept. 1, as made np from telegraphic
....... bales. 1,053,000 886,000 788,0001,484,000
Liverpool stock.
The results for the week ending
Continental stocks...................
597,000 469,000 550,000 893,000 reports Friday night.
American afloat for Europe.. 189,000
82,000
84,000 116,000 June 17 and since Sept. 1 in the last two years are as follows.
United States stock.................. 371,097 237,833 276,913 452,894
United States interior stooks. 176,343
76,129
113,648
71,898
1897-98.
1896-97.
United States exports to-day.
9,991
11,791
1,720
11,386
June 17.
Since
Since
Total Amerioan...................2,3^6,431 1,762,753 1,814,281 3,029,178
Week. Sept. 1.
Week. Sept. 1.
East In d ia n , B razil, A t.—
90,000 148.000 159.000 128,000
Liverpool stock........................
London stook.............................
3,000
5,000
5,000
8.000 Shipped—
Via St. Louis..................................
Continental stooks...................
43,300
7,431 844,794
3,563 532,589
82,200 151,200
86,200
Via Cairo........................................
India afloat for Europe........... 129,000 126.000 133.000 174,000
3,515 381,174
1,454 268,409
Via Parker......... .............
Egypt, Brazil, &o., afloat.......
22,000
500
32,886
384
22,000
20,175
13,000
12,000
Via
Book
Island...........................
100
46,987
13,951
Total East India, &o......... 28 7,300 333,200 466,200 408,200
Via
Louisville..................
.
772
392
130,590
135,878
TotalAmerloan................. 2,396.4311,762,753 1,814,281 3,029,178
Via Cincinnati........................... .
2,611 149,527
1,507 143,814
Total visible supply.........2,683,731 2,145,953 2,280,491 3,437,378
71a other routes, A c.................. .
4,117 178,132
839 104,511
Middling Upland, Liveqjool..
3»iad.
4*«<1.
3i6lftd.
3iii«d.
Middling Upland, New York.
69,” o
7%o.
7^0.
7siaC.
Total gross overland..............
19,046 1,764,090
8,139 1,219,327
Egypt Good Brown, Liverpool
4»8d
53iad.
67led.
67,«d.
Deduct shipm ents—
Peruv.Rough Good, Liverpool
6 7ed.
63,6d.
6Si«d.
5 »,8<1.
Overland to N. Y ., Boston, <feo..
6,684 486,606
1,515 312,698
Broach Fine, Liverpool...........
4B3iid.
3%d.
313,6d.
Between Interior towns..............
894
48
36,208
4,618
Tinnevelly Good.Idverpool..
3i932d.
4 ilad.
s n 16d
3 i i ,ed.
Inland, Ac., from Sonth..............
1,545
47,106
2,578
44,105

E3T* Imports into Continental ports past week 81,000 bales.
The above figures indioate an increase in the cotton in sight
to-night of 537,778 bales as compared with the same date
of 1897, a gain of 403,252 bales over the corresponding date
of 1896 and a decrease of 753,647 bales from 1895.

Total to be deducted..............

9,123

569,920

4,141

361,416

Leaving total net overlan d*..
9,923 1,194,170
* Including movement by rail to Canada.

3,998

857,911

The foregoing shows that the week’s net overland movement
A t the I nterior T owns the movement—that is the receipts this year has been 9,923 bales, against 3,998 bales for the
for the week and since September 1, the shipments for the week in 1897, and that for the season to date the aggregate net
week and the stocks to-night, and the same items for the overland exhibits an excess over a year ago of 336,259 bales.
corresponding period of 1896-97—is set out in detail below.
I n Sight an d Spinners’
T akin gs.

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Last year’s ligures are for Columbia, S. C.




! ÄS-

1896-97.

Week.

Since
Sept. 1.

4,711 6,651,529
3,998 857,911
16,000 808,000

Total marketed........................
49,083 10626736
Interior stocks in e x c e s s .....___ *13,689 131,267

24,709 8,317,440
*6,713
144,465

Came Into sight during week.
Total in sight June 17...........

t

?

S
3 ►>3 .

!
• CO,

►

o

111

Week.

Since
Sept. 1.

18,160 8,523,566
9,923 1,194,170
21,000 909,000

Receipts at ports to June 1 7 ......
Net overland to June 17...............
Southern consumption to June 17

I '

1897-98.

35,394

17,996
10758003

8,272,975

North’® « plnnerstak’gs to Junel7 20,204 2,134,545
* Decrease during week.
t Less than Sept. 1.

15,987 1,632,105

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 .— Our telegraphic ad"
vices from the South this evening are on the whole of a very
satisfactory tenor. Beneficial rains have been general, the
temperature has been seasonable, and as a result cotton shows
much improvement. Reports from Texas are quite favorable,
but at some points in that State rain has retarded farm work.
Fresh blooms are reported at Selma and Memphis.
Galveston, Texas.— W e have had showers on two days
during the week, the rainfall being eighteen hundredths of
an inch. The thermometer has ranged from 72 to 86, aver­
aging 79.
Palestine, Texas.—W et weather retards farm work. There
has been rain on each day during the week, the precipitation
reaching two inches and thirty-six hundredths. Average
thermometer 77, highest 90 and lowest 64.
Huntsville, Texas.—Rain has fallen on six days of the
week, the rainfall reaching one inch and twenty-nine hun­
dredths. The thermometer has averaged 80, the highest
being 92 and the lowest 68,
San Antonio, Texas.— W e have had very beneficial rain
on three days of the week, the rainfall being two inches and
eighty-five hundredths; minimum temperature 64.
Luling, Texas.— Cotton is doing finely and work is well ad­
vanced. There has been light rain on four days the past
week, to the extent of sixty hundredths of an inch. The
thermometer has averaged 82, the highest being 96 and the
lowest 67.
Columbia. Texas.— It has rained on two days of the week,
to the extent of one inch and thirtv-five hundredths. Aver­
age thermometer 79, highest 89 and lowest 69.

1202

THE CHRONICLE.

[V O L . L tX V l,

Cuero, Terns.—Cotton is doinsr well. Good stands are showing the height of the rivers at the points named at
assured if rain is not excessive. W e have had rain on three 3 o’clock June 16, 1898, and June 17, 1897.
days during the week, the precipitation reaching one inch
June 16, ’98. June 17, ’97.
ana sixty-four hundredths. The thermometer has averaged
81. ranging from 67 to 94 hundredths.
Feet.
Feet.
13*3
12-1
Dallas, Texas.—Too much rain delays cultivation o f the New Orleans....... ....... Above zero of gauge.
.........Above zero of gauge.
159
12-5
Memphis..............
fields. There has been rain on six days o f the week, to the Nashville.............. ....... Above zero of gauge.
2*4
2*3
extent of two inches and forty-four hundredths. The ther­ Shreveport........... .........Above zero of gauge.
9-9
11*5
32*7
24-9
Vicksburg............. .........Above zero of gauge
mometer has averaged 78, ranging from 64 to 92.
Brenham Texas.—There has been beneficial rain on six
I n d i a C o t t o n M o v e m e n t f r o m a l l P o r t s .— The receipts
days of the week, to the extent of two inches and forty-six
hundredths. The thermometer has ranged from 65 to 91, of cotton at Bombay and the shipments from all India ports
for the week ending June 16, and for the season from Sept. 1
averaging 78.
Corpus Christi, Texas.—Cotton is looking fine.
The to June 16 for three years have been as follows:
weather has been favorable for farm work. There has been
1897-98.
1896-97.
1895-96.
light rain on two days during the week, the precipitation
reaching eighty-two hundredths of an inch. Average ther­ Receipts at—
Since
Since
Since
Week.
Week.
Week.
Sept. 1.
Sept. 1.
Sept. 1.
mometer 80, highest 84 and lowest 64.
Weatherford, Texas.—Rain has fallen on four days o f the Bombay........... 51,000 1,673,000 28,000 1,489,000 20,000 2,051,000
past week, the precipitation reaching one inch and ninetySince September 1.
For the Week.
nine hundredths. The thermometer has averaged 77, rang­
Exports
ing from 63 to 91.
Conti­
Conti­
Great
Great
from —
Total.
New Orleans, Louisiana.—W e have had rain on four days
Total.
nent.
B ritain.
B ritain. nent.
of the week, the rainfall reaching one inch and eighty-three
Bombay—
hundredths. Average thermometer 81.
27.000 27.000
10,000
380.000
390.000
1897-98..
.........
Shreveport, Louisiana.—It has rained on five days of the
13.000 13.000
513.000
30.000
543.000
18969 7 ..
week, to the extent of three inches and thirty-one hundredths.
17.000 17.000
692.000
71.000
763.000
1895- 9 6 ..
Calcutta—
Average thermometer 83, highest 93 and lowest 68.
2,000
3.000
2,000
20,000
23.000
18979
8
..
¿¿Columbus, Mississippi.—General and beneficial rain has
2,000
2,000
61,000
6.000
67.000
18969 7 ..
fallen on five days during the week, the precipitation being
69.000
3,000
3,000
11.000
80.000
1895- 9 6 ..
two inches and fifty-eight hundredths. The thermometer Madras—
3.000
2,000
5,000
18979 8 ..
has averaged 86, the highest being 98, and the lowest 68.
15.000
8,000
23.000
18969 7 ..
Leland, Mississippi. —W e have had rain during the week to
9.000
10,000
19.000
1895- 9 6 ..
the extent of seventy-nine hundredths of an inch. The ther­ All others—
89.000
100.000
7.000
11,000
7.000
18979 8 ..
mometer has averaged 75-6, ranging from 65 to 85.
90.000
8.000
25.000
115,000
6.000
18969 72,000
..
Greenville, Mississippi.—Rainfall has been heavy the past
80.000
18.000
98.000
4,000
5,000
1,000
1895-96..
week, and there are prospects o f more.
Vicksburg, Mississippi.—There has been rain on six days of Total all—
492.000
26,000
36.000 36.000
518.000
1897-98..
the past week, the rainfall being three inches and eighty-two
679.000
748.000
69,000
2,000 21.000 23.000
1896-97
hundredths. The thermometer has ranged from 63 to 88,
960.000
850.000
110,000
25.000
24,000
1,000
1895-96..
averaging 77.
M a n c h e s t e r M a r k e t .— Our report received by cable
Little Rock, Arkansas.—There has been rain on three days of
the week, the precipitation reaching eighty-seven hundredths to-night from Manchester states that the market is quiet for
of an inch. Average th-rmometer 77, highest 89, lowest 66. both yarns and shirtings. The demand for India is poor.
- Helena, Arkansas.—Crops are in fine condition generally, W e give the prices for to-day below and leave those for
but rains were local. It has been showery on three days previous weeks of this and last year for comparison.
during the week, the rainfall being one inch and sixteen
1897.
1898.
hundredths. The thermometer has averaged 74*7, the high­
est being 86 and the lowest 65.
Oott’
n
8
1
*
lbs. Shirt- Gott t<
81* lbs. ShirtMemphis, Tennessee.—Rain has fallen on five days of the
32« Cop. ings, common Mid. 32« Cop. in gs9 common Bid
Twist.
Twist.
UpUit
to finest.
Uplds
to fin est.
week, to the extent of one inch and forty-eight hundredths.
The rain has been general throughout this section. Crops
d
S. d.
B <1.
d.
d.
d.
8. <1.
d.
d. 8. d.
are in good condition. The first bloom reached here on June l£’y l3 578
4®33
® 6 7s 4 2 0 6 9>j 3®16 6i* ®73s 4 01*96 7
4333
9 from Bolivar County, Miss., seven days earlier than last •* 20 513i«-6l3ia
4 2 106 9
3»16 63s '971* 4 0Lj®6 6
41*
4 2 106 9
3*8 63,« « 7 1« 4 01*106 6
“ 27
year and four days in advance of an average year. The ther­
41«
4 2 «6 9
3*16 63,g »73,8 4 0 i* 9 6 6
J’ne 3
mometer has averaged 77*6, ranging from 65’5 to 901.
4532
Ó3,«
W73,«
4
0h
l96
6i*
5l3tfc-6l3ia
4 2 ®6 9
“ 10
39 lfl
Nashville, Tennessee.—There has been rain the past week « 17 513,«»63* 4 2 « 6 9
41«
39,« 61* ®738 4 1 9 6 7
to the extent of three inches and forty-two hundredths. The
G
o
v
e
r
n
m
e
n
t
W
e
e
k
l
y
C
o
t
t
o
n
R
e
p
o
r
t
.—
Mr.W.
L.
Moore,
tiiermometer has ranged from 6o to 95, averaging 8i>.
Mobile, Alabama.—General and copious rains the past Chief of the Weather Bureau of the Agricultural Depart­
week have been very beneficial to crops. Condition is greatly ment, made public on Tuesday the following telegraphic
improved. Rain has fallen on six days of the week, to the reports on the crop in the South for week ending June 13:
V ir g in i a .— Dry and warm; cotton is mostly well worked, stand good.
extent of two inches and fifty hundredths. Average ther
N o r t h C a r o l in a .—Very warm, dry weather has intensified drought
mometer 78, highest 86 and lowest 70.
southern portion, whore all crops are suffering; elsewhere improve
Montgomery, Alabama.—Moisture was very beneficial and in
ments slow; rain much needed.
crops are doing well now. It has rained on four days of the
S o u t h C a r o l in a.—Hot, dry weather, water becoming soaroe, and all
week, the rainfall being seventy-eight hundredths of an orops needing moisture; cotton healthy, but small, taking on squares
is lousy in places.
inch. The thermometer has averaged 79, the highest being slowly;
G e o r g i a . —Drought relieved to some extent by showers on 12th,
95 and the lowest 70.
which will do much good; ootton small, but looking well and taking
Selma, Alabama.—Cotton prospects are good. First bloom on squares and bloom in some counties; oomplaiat of lice.
F l »r i d a . —N o general improvement in crops; .sho vers, and in a few
was reported on June 10. There has been rain on four days instanoes
heavy rains, gave relief from drought in sections; ootton
of the week, to the extent of one ioch and forty hundredths. small but in fairly good condition.
The thermometer has averaged 83, ranging from 68 to 97.
A l a b am a .—Well distributed though generally light rains during last
Madison, Florida.—There has been rain on two days of the two days were beneficial to corn ana ootton: cotton making slow
but healthy; is taking on squares, and beginning to bloom.
week, the rainfall reaching one inch and ten hundredths. growth,
M i s s is s ip p i .—All crops improving; ootton growing fast, fruiting
The thermometer has ranged from 73 to 97, averaging 84.
well, and knee high in places.
L o u is i a n a .—General im provements crop growth from hot, showery
Savannah, Georqia.—It has rained on tw o days of the
more rain needed in north and southeast; ootton commencing
week, the precipitation reaching one inch and fifty-one hun­ weather,
to bloom, growing nicely, somewhat small and late, but promising.
dredths. The thermometer has averaged 83, the highest
T e x a s . —Warm, with excessive rains, except in extreme east por­
tion, where rains were light; cotton blooming over southern portions
being 97 and the lowest 70.
growing nioely over all sections, but general continuous rains
Augusta, Georgia.—There has been rain on two days, the and
prevent cultivation, and »rass making rapid headway; clear, dry
precipitation reaching seventy-four hundredths of an inch. weather
needed for cleaning out ootton.
The thermometer has averaged 82 and ranged from 69 to 96.
A r k a n s a s .— Cotton has progressed rapidly and is looking fine,
Charleston, South Carolina.— We have had rain on three though grassy in some localities.
Te n n e s s e e .— Except in western portion of middle section, where
days of the week, the precipitation being oae iach and five good
rains greatly improved condition of growing crops, warm, dry
hundredths. Average thermometer 82, highest 93 and low ­ weather had damaging effect and young orops are in serious need of
moisture; ootton, where well cultivated, in good condition.
est 73.
O k l a h o m a .—Daily rains have benefited late wheat; too much rain
. Stateburg, South Carolina.—Showers in the vicinity the and
cloudy weather for cotton.
past five days have done great good. Rain has fallen here on
M is s o u r i .— Local showers beneficial in southern counties; ootton
three days of the week, on two of which very lightly, the growing nicely.
rainfall reaching seventy-three hundredths of an inch. Aver
These reports on cotton are summarized by the Depart­
age thermometer 83’6, highest 100, lowest 69.
ment as follows:
Greenwood, South Carolina.—There has been rain on three
Over the eastern portion of the cotton belt ootton is generally small,
days of the week, to the extent o f ninety-five hundredths of but healthy, and well cultivated; in the oentral portion more rapid
an inch. The thermometer has averaged 84, the highest growth is reported, but in Arkansas it is grassy in some localities. In
Texas the crop has made good growth in all sections, but continuous
being 99 and the lowest 69.
rains have prevented cultivation, and grass is making headway.
Wilson, North Carolina.—W e nave had rain on three days
S h i p p i n g N e w s .— As shown on a previous page, the
of the past week, to the extent of one inch and thirty-five
hundredths. The thermometer has averaged 83, ranging exports of cotton from the United States the past week have
reached 52,997 bales. The shipments in detail, as made up
from 72 to 94.
from mail and telegraphic returns, are as follows:
The following statement we have also received by telegraph




THE CHRONICLE.

J u n e 18, 1898. J

Total baits.

N e w Y ork —T o Liverpool, per steamers Cuflc, 221___ Tauric,
777.........1............................. ..........................................................
998
To Hull, per steamers Francisco, 6 i8
Othello, 1,425....... 2,113
To Manchester, per steamer Hogarth, 1 5 0 ................. ...........
150
4,003
To Bremen, per steamers Bremen, 3,498___ Lahn, 505 . . . . .
To Hamburg, per steamer Bulgaria, 6 94 ..................................
694
To Rotterdam, per steamer Maasdam, 1 0 0 .......
............
100
To Antwerp, per steamers British King, 910 ...Noordland,
252....................................................................................................
1,162
To Lisbon, per steamer Powderham, 75
...............................
75
To Genoa, per steamer Tartar Prince, 5 0 0 .... ........................
500
To Naples, per steamer Tartar Prince, 100..............................
100
3,700
To Japan, per steamer Indravelli, 3,700..................................
To China, per steamer Indravelli, 530.......................................
530
N e w Orleans—To Liverpool—June 14—Steamers Capella,
4,164....................................................
4,164
To Genoa—June 15—Steamer City of Gloucester, 5,240.......
5,240
G alveston —To Antwerp—June 10—SteamerOlinda, 2,297____ 2,297
Corpus Christi, &c .—T o Mexico, per railroad, 286 ..................
286
Savannah —To Bremen-June 11—Steamer Homewood, 4,76 0 . 4,760
Charleston —To Hamburg—June 11—Steamer Dalamtia, 2,250 2,250
N orfolk —To Liverpool—June I I —Steamer Pinners’ Point,
3,417
3,417...........
To Rotterdam—June 11—Steamer Glencoe, 500
June 13
—Steamer Maritime, 1 .3 2 5 ..........................................
1,825
To Bremen—June 11—Steamer Kentucky, 750.....................
750
N ewport N ew s —To Antwerp—June 11—Steamer Rappahan
nock, 470 ...................... . . . .........................................................
470
B oston—To Liverpool—June 9—Steamers Ottoman, 2,257;
Philalelphian, 127___ June 13—Steamer Sachem, 1,804
...June 14—Steamer Cestrian, 3,651 ...June 15—Steamer
Corinthia, 1,065................................. <.........................................
8,904
To HuU - June 11—Steamer Mikado, 134..................................
134
B altimore—To Liverpool—June 15—Steamer Vedamore, 1.324 1,324
2,401
To Bremen—June 15—Steamer Willehad, 2,401............ .......
To Rotterdam -June 1 0 —Steamer Patapsco, 2 " 0 ..................
200
P hiladelphia —To Liverpool—June 10—Steamer Rhynland, 7o
75
T acoma —To Japan—June 17—Steamer Victoria, 3 7 5 ..................
375

Total........................................................................................ 52,997
The particulars o f the foregoin g shipm ents, arranged in
our usual form , are as follow s.
Oreat F rench OerOth. JiTrope—. Mexico,
B rit’n. 'ports, m any. North. South.
die. Japan

Total.

New York. 3,261 .......... 4,697 1,202 675
530 3,700 14,125
9,404
N. Orleans. 4,164 .............................. 5,240 ....................
Galveston...............................
2,297 ........ ...... . ........
2,297
Cor. C., &c.............................................................
286 ..........
286
4,'60
Savannah.......................... 4,760 ................. . ........ ........
Charleston .................... 2,250 .......
2,250
N orfolk... 3,417 ..........
750 1,825
5,992
N’p’t News
470 ............ .. . . . j .......................
470
B oston.... 9,038 ............................................ ....................
9,038
Baltimore. 1,354 .......... 2,401
200
3,925
Philadelp’a
75 ................... . . . . .. ........................ .......
75
Tacoma......................................... ................................
375
375
T o ta l.... 21,749

......... 14,858

5,584

5,915

816

4,075

52,997

To Japan since September 1 shipments have been 127,056
bales from Pacific Coast, 8,700 from New Orleans, 26,029 bales
from Galveston, 7,100 bales from Pensacola, 4,500 bales from
Mobile and 27,910 bales from New York.
Cotton freights at New York the past week have beeD
as follows.
Satur.

Mon.

Tues.

Wednes. Thurs.

F ri.

Liverpool...........
151
151
15t
15t
151
15t
35t
Havre................. .c.
351
35t
35t
35t
35t
Bremen..............
301
30t
301
301
301
30t
Hamburg........... .c.
35t
35t
351
35t
35t
351
351
Amsterdam....... .c.
351
35
351
351
35t
....
....
Reval, v. Hamb .c.
50t
....
....
Do v.Brem’n.c.
....
....
....
....
....
....
401
Do V. HuU.. .c.
401
401
401
40t
401
Rotterdam.........
351
351
351
35t
351
351
35t
Genoa................ .d.
35t
351
35t
351
35’
Trieste................ d.
451
451
451
451
451
451
Antwerp............ d. % ® 9<u % ® 9(¡4 % ® 9r4 % ® 964 % ® 9S4 % ® 9«4
Ghent,v.Antw’p.d.
532®316 532®816 883®316 832®3lf 532®316
t Cents net per 100 lbs.
L iv e r p o o l .— B y cable from Liverpool we have the follow ■

ing statement of the week’s sales, stocks, & c., at that port.
M ay 27.

June 3.

June 10.

June 17

Sales of the week....... ..bales.
26,000
48.000
40.000
52.000
Of which exporters took. . .
1,300
700
700
1,800
Of which speculators took.
500
1,200
100
300
44.000
Sa es American........................
25.000
37.000
49.000
12.000
Aetna export.......................... .
6,000
7,000
8,000
Forwarded..................................
68,000
53.000
49.000
53.000
Total stock—Estimated.......... 1.171.000 1.170.000 1.152.000 1.143.000
Of which American—Estm’d 1.082.000 1.076.000 1.061.000 1.053.000
Total import of the week. . ..
63.000
58.000
38.000
52.000
Of which American..............
55.000
33.000
47.000
48.000
114.000
96.000
69.000
Amount alloat...........................
98.000
Of which American..............
105.000
60.000
92.000
93.000

1203/

The prices o f futures at Liverpool for each day are given
below. Prices are on the basis o f Uplands, Low Middling
olause, unless otherwise stated.
S at.
M on.
T oes.
W ed . T k n rs.
F rl •
June 11 to
June 17.
12% 1 1 45 4 1 45 4 1 45 4 1 45 4 1 45 4
P M. p M. p M. P M. p M. P M. p M. P M. p M. P M. P M. P. 1 ,
June ...........
June-July...
July-Aug. . .
Aug.-Sept...
Sept.-Oct....
Oot.-Nov___
Nov-.Deo. ..
Deo.-Jan___
Jan.-Feb___
Feb.-Maroh.
Moh - April..
April-M ay..

d.
3 32
3 32
3 32
3 32
3 31
3 30
3 29
3 29
3 29
3 29
3 30

d.
3 32
3 32
3 32
3 33
3 31
3 30
3 29
3 29
3 29
3 29
3 30

d.
3 32
3 32
3 33
3 33
3 31
3 30
3 29
3 29
3 29
3 29
3 30

3
3
3
3
3
3
3
3
3
3
3

d.
32
32
33
33
31
30
29
29
29
29
30

3
3
3
3
3
3
3
3
3
3
3

d.
32
32
32
32
31
30
28
2-1
28
29
29

3
3
3
3
3
3
3
3
3
3
3

i.
31
31
32
32
31
29
28
28
28
29
29

d.
3 32
3 32
3 32
3 32
3 31
3 29
3 28
3 28
3 28
3 29
3 29

d.
3 31
3 31
3 32
3 31
3 30
3 29
3 28
3 28
3 28
3 29
3 29

3
3
3
3
3
3
3
3
3
3
3

1.

31
31
32
31
30
29
28
28
29
29
29

3
3
3
3
3
3
3
3
3
3
3

d.
31
31
31
31
30
29
28
28
28
29
29

A.
rf.
3 30 3 30
3 30 3 30
3 30 3 31
3 30 3 31
3 29 3 30
3 28 3 29
3 27 3 28
3 27 3 28
3 27 3 28
3 28 3 28
3 28 3 29

J u t e B u t t s , B a g g i n g , & c . — During the past week there
has been a little better demand for jute baggiDg, but no
changes in prices are reported, the close this evening being
a t 5 V4C. for
lbs., 5%c. for 2 lbs, and 5%c. for standard
grades. The market for jute butts is dull. Quotations are
nominally •75@,77%c. for paper quality, l ^ c . for mixing
and lj^ c. for spinning cuttings, to arrive.

BREADSTUFFS.
Fr id ay , June 17, 1898.

Reflecting a sharp break in the prices for the actual grain,
there has been a decidedly weaker turn to values in the
market for wheat flour, prices now quoted showing a sharp
decline from those ruling a week ago. A t the lower prices
only a moderate volume of business has been transacted, as
home trade buyers have shown no disposition to purchase
freely, confining their takings to small lots to meet current
wants, and the demand from exporters has also been limited.
Rye flour has bad only a limited sale and prices have again
declined. Corn meal has had a moderate call from the local
consuming trade, but from other quarters demand has been
dull and prices have declined.
The speculation in the market for wheat futures has been
fairly active, but there has been a decline in prices, which
broke sharply early in the week when it became known that
the Leiter deal had collapsed. Continued favorable crop ac­
counts, together with weaker foreign advices and aggressive
selling by bear operators, also had their depressing influence.
Subsequently, however, the knowledge that the holdings of
cash wheat by the Leiter interest had passed into strong
hands gave a better tone to the situation, and prices recov­
ered part of the decline. Saturday there was a weaker
market, prices
declining % @ 2>£c. under favorable
crop prospects, weaker foreign advices and liquida­
tion by longs. Monday prices declined 9%c. for July
and 1%@2% c. for other months. The feature was the
collapse of tue Leiter deal, which prompted free selling both
for long and short account. Tuesday the market held about
steady, and on Wednesday prices advanced 1%@2% c. on the
report that Armour had taken contrel o f a large line of
Leiter’s holdings of cash wheat. Thursday there was an
advance early on less favorable crop conditions and stronger
foreign advices. Subsequently, however, free selling, appar­
ently to liquidate accounts, turned the market easier, and
prices declined, closing % @ l c . lower for the day. To-day
the market was weak and lower, prices declining 2 j^@ 4c.
under selling by longs to liquidate accounts, prompted by
favorable crop prospects and weaker foreign advices. The
spot market was fairly active at the decline, the sales for
export here and at outports amounting to 354,0 )0 bushels,
including No. 2 red winter at 86c. in elevator and 89c. f. o. b.
afloat; also No. 1 Northern Duluth at 94c. f. o. b. afloat and
later in the day at 90c. in elevator.
D A IL T CLOSING PRICES O F NO. 2 RED W INTER WHEAT.

July delivery............
September delivery. ...c .
December delivery..,...c .

Sat.
92%
78%
76%

Mon.
83
7578
75

Tues.
83%
75%
75 Ss

Wed.
86
77
77%

Thurs.
85%
75%
7o%

Fri.
81%
73%
74

There has been a moderately active speculation in the
market for Indian corn futures Early in the week the ten­
dency of prices was downward, the market being unfavor­
ably affected by the collapse o f Leiter deal in wheat and the
break in values for that grain. On Wednesday, however, there
was a decided turn for the better, prices advancing l@ lj^ c. on
fairly free buying by shorts to cover contracts, stimulated
The tone o f the Liverpool market for spots and futures by the continued wet weather in the corn-belt and sympathy
each day of the week ending June 17 and the daily closing with the advance in wheat. Tnursday there was some sell­
ing by longs to realize profits and prices reacted slightly
prices of spot cotton, have been as follows.
To-day the market was easier, prices declining l}^ @ l% c.
Sat’ day. M onday. Tuesday. Wed'day. Thursday F rid a y
Spot.
under selling by longs and in sympathy with the decline in
wheat. The spot market was quiet, the sales for export here
Fair
Market, )
Quiet anr
and at outports being 40,000 bushels.
business
Dull.
Quiet.
Steady.
Arm. .
1:45 p. M. (| Quiet.
doing.

Mid. Upl’ds.

3 9ia

Sales............
Spec. & e x p .

6,000
300

Futures.
Quiet at
Market, Ì partially
1:45 p . M . ( 1-64 adv.
Market, l
4. P . M . ]

Steady.




D AILY CLOSING PRICES OF NO. 2 M IXED CORN

3916

39ih

3 9ie

3 9ie

3918

8,000
300

8,000
500

10,000
1,000

10,000
500

8,000
300

Quiet at
i-«4 ad­
vance.

Quiet at
partially
1-64 dec.

Quiet at
partially
1-64 dec.

Quiet.

Quiet.

Quiet.

Barely
steady.

Barely
steady.

Quiet.

Quiet but
steady.

July delivery..................c.
September delivery___ 0.
December delivery___ 0.

Sat.
37%
38%
—

Mon.
36%
37%
38%

Tues.
36%
37%
38%

Wed.
38
39
39%

Thurs.
37%
38%
39%

F ri
36%
37%
38

Oats for future delivery have continued to receive little at­
tention in the local market. Darina the first half o f the
week prices steadily declined, under favorable crop accounts
and in sympathy with the depression in other grains.
Wednesday, however, there were bad crop accounts circu­
lated, and as there was some buying by sellers early in the

1204

THE CHEOM CLE.

week to cover contracts, prices partially recovered the de"
cline. To-day there was a decline in prices o f J^c., in sym"
pathy with the weakness of other grains. The spot market
w;as quiet. The sales for export were 10,000 bushels.
DAILT CLOSING PRICES OF NO. 2 MIXED OATS.
Sat.
Mon. lu es.
Wed. Thurs.
July delivery..................o.
297s 29%
29
29%
29%

F ri.

29

Rye has had only a limited sale and prices have declined
under moderate offerings. Barley has been dull but steady.
The following are closing quotations:
FLOUR.
Fine................................ $3 50®3 60
Patent, winter____ $4 75 9 5 40
Superfine....................... 3 25@ 3 90
City mills, extras . 5 50 9 5 60
Extra, No. 2 ................ 4 00® 4 15
Rye flour, superfine 3 25 9 3 75
Extra, No. 1 ................ 4 159 4 30
Buckwheat flour...
.....
Com meal—
d e a r s ...................
4 05 9 4 30
4 40 9 5 00
Straight»....... .
Western, e t c ...... 2 15 9 2 25
Patent, Spring....... 4 85 9 5 85
Brandywine . . . .
2 30
[Wheat flour in saoka sells at prices below those lor barrels.]
GRAIN,
Com, per bush—
o.
o.
Wheat—
o.
o.
Hard Duluth, No. 1. Nominal.
Western mixed.... ..3 5 % 9 3 9 %
Bed Winter, No. 2.. 86 9 89
No. 2 m ix e d ............... 36 9 3 9 %
Hard Man., No. 1 .. H8 9 1 0 0
Western Yellow.......... 36% ® 38%
Northern, No. 1 . . . 90 9 94
Western White_______37 ® 3 8 7s
Oats—Mix’d, per bsh. 29 9 32% Rye—
W h ite ....................... 31 9 37
western, per bu sh....4 9 % ®51%
No. 2 mixed............ 30% ® 31%
State and Jersey.. . . . . 4 5 9 5 1
No. 2 white___ . . . . . 32% ® 33% Barley—W estern........... 53 9 5 8
Feeding........................ 35 9 4 0

fVOL. LXVI

. D omestic C otton G oods. —The exports o f cotton goods

from this p o r t! for the week ending June 13 were 3,041
packages, valued at $110,458, their destination being to the
points specified in the tables below :
N e w Y ork to J une 13.

1898.

1897.

Week. Since Jan. 1.

Week. Since Jon. 1.

52
40

Great Britain.........................
Other European.....................

Africa........................................
West Indies.............................
Mexico_____________ . . . . . . . .
Central America...................
South America.......................
Other Countries.....................

15
295
11
335
2,273
20

1,837
635
64,268
7,811
18,864
71638
6,893
2,142
3,457
24,449
9,711

T o t a l................................
China, via Vancouver*___

3,041
.........

147,705
2,353

8,661

137,602
9,250

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

3,041

150,058

8,661

146,852

India.............................

208
19
1,478
150
3,357
2,573
106
31
251
421
67

2,461
2,011
65,462
3,682
13,672
11,404
6,999
1,539
3,531
24,860
1,981

The value of the New York exports for the year to date
has been $5,169,120 in 1898 against $5,378,440 in 1897.
The new prices in bleached cottons have brought Fruit of
the Loom 4-4s down to 5%c. net, Lonsdale to 6c. with dis­
counts, and Blackstone and Hope to 5 ^ c. with discounts, and
E x p o r ts op B r e a d s t u f f s , P r o v is io n s , G otto n and other tickets to relative basis. As already stated, these are
P etroleum . —The exports of these articles during the month the lowest prices ever touched by these leading tickets.
of May, and the eleven months, fo r the past three years Buyers have shown their appreciation by placing much more
liberal orders than for some time past, and a good business
have oeen as follow s:
has been done. The market for brown cottons has been
without material change. A fair demand has come forward,
1897-98.
1896-96
1896-97.
E xports
and prices have been well maintained. In coarse colored
from 0 . 8.
May.
11 Months.
May.
11 Months.
May.
11 Months. cottons business has shown some improvement, principally
in denims and plaids, the demand being readily met as a rule
Quantities.
W heat.bush. 12,202,472 133,431,268 4,969,594 75,213,624
4,139,430 63,947,082 at previous prices. W ide sheetings are dull, with an irregu­
1,089,601 14,214,380
F lo u r... bbls.
845,158 13,670,987
920,961 18,452,198 lar tendency. Cotton flannels and blankets firm but quiet.
W h ea t.... bn. 17,106,22« 167,395,968 8,772,805 136,733,066 8,283,70* 114,481,973 Prices for fall have been named on fancy calicoes same as the
0orn ...b u 8 h . 27,980,266 189,646,909 11,368,683 165,998,309 8,067,034 91,977,789 spring season opened at, viz: 4 ^ c. for standard grades and
4c. for second qualities, and the demand has expanded con­
T o t. bush. 46,086,492 387,042,877 20,141,488 302,731,874 16,350,743 206,459,712
siderably during the past few days. Seasonable printed fab­
Values.
3
8
3
3
3
3
rics very irregular in price. Indigo blues, mournings, tur­
W h’t A flour. 22,088,404 193,227,746 7,565,476 108,785,368 6,159,910 83,239,374 key reds and other staple lines in average request at previous
Corn A m eal. 11,244,061 68.60d.112 3,584,666 51,354,526
2,990,00« 86,404,301
prices. The gingham situation is without change. Staples
1,814,949 8,083,646
491,919 3,138,899
89,318
279,048 firm but quiet; dark dress styles in good request; napped fab­
* y s ...............
872,206 8,748,932
2,899,33: 20,317,786
Oats k meal.
787,762 3,141,542
rics for fall also selling well. Print cloths firm at 2c. for ex­
590,134 7,038,928
239,248 5,367,846
Earley...........
373,838 2,684,994
tras, but business light. Odds in fair request.
B r’dstuff*— 39,280,997 295,603,136 13,094,400 179,066,673 10,400,834 124,749,759
F oreign D r y G oods .—Some improvement has been re­
Provisions *. 17,668,969 173,889,895 14,(63,817 146,505,339 12,641,385 145,222,430
C otton.......... 12.146,869 222,881,180 9,627,473 225,923,016 7,188.618 184,837,165 ported in orders for fall in dress goods and silks, but the gen­
In seasonable lines prices
Petrol’m.&c.
4,571,862 50,198,716 5,362,282 66,077,89!
5,849,489 68,186,495 eral demand continues backward.
very irregular and business mostly of a cleaning-up character.
T o t value
72.668.697 742,072,928 42.147,972
607,572,920 86,0*8,271 610.995,849

N ote .—A ll the above figures are based on the monthly preliminary
returusissued by the Bureau of Statistics, and cover about 98 per cent
of the total exports.
W F or oth er tables u su a lly given here see page 1 1 7 0 .

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542,065

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59,474,209

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81,401
56,015
36,186
2,243

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1,836,000
1,672,745
1,132,619
932,576

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Manufactures of—
W ool.......................
Cotton ................
Silk..........................
Flax. ... ................
Miscellaneous.........

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6,727,584 1,290 386,943 I 64,947
37,271,557 17,929 2,691,070 | 785,498

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Total withdrawals 4,088 225,224
Ent’d for oonsump. 11,324 1,017,702

The aggregate business in the market this week has been
larger than transacted in any previous week f or some time
past but it has been due mainly to agents making new and
low er prices on leading makes o f bleached cottons and
bringing these down to the lowest level they have ever sold
at from first hands. The decline has been looked for. It
was indeed regarded as a foregone conclusion and has not
therefore materially changed general market conditions
otherwise than to bring them into greater uniformity. The
demand generally has been held up awaiting this action and
it is now expected that a development all along the line w ill
be seen shortly. Outside of bleached cottons there has been
no quotable change in prices and in most directions the tone
rules firm with indications rather in favor of a higher range
of values than otherwise. Excellent reports are com ing to
hand of the business doing by retailers here and elsewhere
under the influence of entirely favorable weather. Stocks
are being distributed with much freedom and both retailers
and jobbers are working into good shape for their fall trade.
In the woo en goods division the market has been adversely
affected by a break in the price o f Clay worsteds, but still the
demand is more liberal than of late.
W oolen G oods .—The steadier tone recently noticeable in
the market for men’s-wear woolen and worsted fabrics has
got a set-back this week by the action of the Washington
Mills in reducing the price of their Clay worsteds to the basis
of $1 20 for 16 ounce makes. Although this reduction is
ostensibly to clean up stocks only, the effect is unfavorable
both upon the heavy-weights market and upon the outlook for
new spring lines, preparations for the opening of which are
now well advanced. In other directions prices are without
change in trouserings, suitings or overcoatings, and the gen­
eral business transacted has been of moderate dimensions. So
far only serges are reported selling for the new spring season,
and business in these is of limited dimensions as yet. The de
mand for cloakings is indifferent at previous prices. Flannels
are quietly firm. Blankets also firm with a moderate de­
mand. Dress goods are quiet and business still of a disap­
pointing character.

Manufactures of— |
W ool.......................
Cotton ...................
Silk..........................
Flax ........................
Miscellaneous.........

GOODS TRADE

Total imports.......

DRY

N e w Y o r k , F r id a y , P. M., June 17, 1898.

The importations and warehouse withdrawals o f dry goods
at this port for the week ending June 16, 1898, and since
January 1, 1898, and for the corresponding periods of last
year are as fo llo w s:
Total.......................
Ent’d for eonsump.

TH E

Importations and. W arehouse W ithdraw als o f Dry u o o o s

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J une 18, 1898.J

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up

THE CHRONICLE.
C* ty D

epaptm cw t,

T E R M S O F S U B S C R IP T IO N .
The I n vestors ’ S upplement w ill be fu rn ish ed without
4 xtra charge to every annual su bscriber o f the C o m m ercial
a n d F in a n c ia l C h r o n icle .
The Sta te and C it y S upplement will also be furnished
without extra charge to every subscriber o f the C h r o n icl e .
The S treet R a il w a y S upplement will likewise be fu r­
nished without extra charge to every subscriber o f the
Ch r o n ic le .
The Quotation S upplem en t , issued monthly,, w ill also be

urnished without extra charge to every subscriber o f the
C hron icle .

TERMS for the C hron icle with the four Supplements
above named are Ten Dollars within the United States and
Twelve Dollars in Europe, which in both cases includes
postage.
Terms o f Advertising—(P er inch space.)
Transient matter (each time)$3 50 I Three Months (13 times) ..$ 2 5 00
s t a n d in g b u s in e s s c a r d s .
Six months
(26 tim es).. 43 00
Two months (8 times).......... 18 00 1 Twelve Months (52 times). 58 00

Joe Davis, M inn.—Bond Call.—The town has called for
payment July 1 , 1898, at the office o f N. W . Harris & Co.,
bankers, New York City and Chicago, $5,500 1% bonds, issued
in aid of the St. Paul & Sioux City Railroad, and dated July
1 , 1878.
The official notice o f this bond call will be found among the
advertisements elsewhere in this Department.
Parnassus, Pa.—Temporary Injunction.—Judge McCon­
nell has granted an injunction until further order of the
Court restraining the borough officials from issuing the $17,•000 5% water works bonds recently sold to Mr. Bray don. A c ­
tion was brought on the ground that the issuance o f bonds
and the establishment o f a borough water-works would be
-detrimental to the interests of the tax-payers.
United States o f A m erica.—Bond Offering.—The circular
of the Secretary of the Treasury inviting subscriptions for
$200,000,000 of the 3% 10 20-year war bonds will be found in
our editorial columns on another page.

Bond Proposals and Negotiations this
week have been as follows:
Albany, N. Y.—Bond Offering.—On June 28, 1898, at 12 m .,
the city will sell at public auction at the office of the City
Chamberlain, $200,000 3)4% registered water bonds. Securi­
ties are issued pursuant with Chapter 555, Laws of 1897, and
authorized by resolutions of the Common Council passed
June 21, 1897, and of the Board of Finance, passed July 13,
lb97 and June 11 , 1898. Securities will be dated May 1 , 1898.
Interest will be payable May 1 and November 1 at the office
of the City Chamberlain. Principal will mature $10,000 yearly
on May 1 from 1899 to 1918 inclusive,
Allegany County, Md.—Bond Offering.—Proposals will
be received uatil 12 m Jaly 1, 1898, for $50,0!‘0 4$ schoolhouse bonds. Securities wilL mature in 1923, subject to call
after 1915.
Amery (V illa g e ) P olk County, Minn.—Rond Election.—
An election will be held July 1, 1898, for the purpose of vot­
ing on the question of issuing $2,000 water bonds. J. F. Sny­
der is the Village Clerk.
Audubon County, Iowa.—Bond Sale.—On June 11,1898,
the county sold to the First National Bank, Chicago, $22,000
4$ bonds. The price paid was par less $345 for expenses, or
at the rate of 98-432.
Baltim ore, Md.— Loans.—The City Register has been
directed to invest at par out of the cash on deposit to the
credit of the sinking funds $73,600 in the Public Improve­
ment Loan Fund of 1940, and $112,000 in the $4,000,000 loan
fund of 1945. These amounts were needed to cover over­
drafts on these funds.
Barnesville, Ohio.— Bond Sale.—On June 13,1898, the
$2,557 08 5$ street-improvement bonds were awarded to Seasongood & Mayer, Cincinnati, at 104-66. Following are the
bids :
Premium. I

Premium.

Seasongood & Mayer, C incin... .$119 201 Lamprecht Bros. Co.. Cleveland.$91 41
Rudolph Kleybolte & Co.. C ln ... 107 5 0 1 People’s Nat. Bank, Barnesville. 70 71
First Nat. Bank, Barnesville. . 104 50 I

Bonds mature $157 06 in 1899, $100 yearly from 1900 to 1903,
and $200 yearly from 1904 to 1913, inclusive. For further de­
scription of bonds see C h r o n ic l e last week, p. 1152.
Beresford, So. Dak.—Bond Offering.—Proposals will be re­
ceived until 8 p. M. July 1,1898, by John Vennard, Jr., City
Auditor, for $4,400 water-works bonds. Securities were au­
thorized at a special election held June 6, 1898, by a vote of
114 to 59. They are in denomination of $200, dated July 1,
1898, and mature 15 years from date of issue, subject to call
after 5 years. Interest will be at not more than 5$, payable
semi-annually. A certified check for 5% of the amount of the
bonds must accompany proposals.
B exar County, Texas.—Bonds Registered.—The Comp­
troller has registered $51,000 5% funding bonds which have
been approved by the Attorney-General.
Beaver, Pa.—Bond Sale.—On June 8, 1898, the $28,000 5%
water and sewer bonds were awarded to Farson, Leach &
Co., Chicago, at 106-187. Following are the bids reported:




1205

E^rson. Leach & Co., C hicago...106-187
W . J. Hayes A Sons, Cleveladd. 109*20
Lam preen o Bros. Co., Cleve.......108-, 5
Denison, P rior & Co., Cleve ....108-24
S. A Kean, C hicago........ ............100*25
Mercantile Trust Co.,Pittsburg. 106‘0o
Mason, Lewis A Co., Chicago... .104-3?

E dw .C . Jones Co.. New Fork. .. 104-25
Kdw. Wtddish
..103-02
------- k leyb olte A Co., Cin.. ,.io*-08
Rudolph
Robinson B ro s............................. „103 01
J. K. Bryden................................. .. 102*86
D. H. Stone. ................................ ..102-00
W m , Bell,
..101*51

Bonds mature yearly on June 1 as follows :
No. 1 ...........$.500 in 1899 i No. 11..............$700 in 1909|No. 21.
$1,200 in 1919
No. 2............. 500 in 1900 No. 12............. 800 in 1910 No. 22
1.200 in 1920
No. « . . . , ...... 500 in lwOl |NO. 13............ 8 00 in l9 1 l N o 23
... 1,300 in 1921
No. 4............. 500 in 1902 i No. 14........... 800 in 1912 No. 24 ........ 1,400 in 1922
No. 5 ............. 500 in 1003 I No 15........... 900 in 1913 No. 25.......... 1,4 0 in 1923
No. 0.............. 000 in 1904 I No. In........... 900 in 1914 No. 20.......... 1,600 in 1924
No. 7............ 000 in 1905 No. 1 * ........... 1,000 in 1916 ________
No. 27.......... x1,600 in 1925
No. 8.............. 600 in 19061No. )8............. 1,000 in 1916 No. 28 . . . ‘ 1700 in 1920
No. 9.............
S °-JH ........... 1.100 in 1917 No. 29i......... L900 in 1927
No. l c ............. 700 in 1908 |No. 20........... 1.100 in Ik 181

For further description of bonds see Chronicle Mav 2 1 .
1898, p. 1010.
J *
Bloom field, N. J.—Temporary Loan.—The city has ne­
gotiated a loan of $2,001 for sewer purposes.
Boston, Mass.—Loans Authorized,—The Common Council
has passed orders appropriating $349,000 for street improve­
ments and $80,000 for reconstructing Fanenil Hall. These
amounts are to be raised by the sale o f coupon bonds or
registered certificates o f indebtedness, to bear not more than
4# interest and to mature in 20 years.
Boyertown, Pa.—Bonds Authorized.—The Town Council
has passed an ordinance providing for the issuance of $35,000 4$ water bonds. Interest will be payable January 1 and
July 1 , and the principal will mature on January 1 , as fol­
lows: $5,000 in 1904, $6,000 in 1909, $6,000 in 1914, $6,000 in
1919, $6,000 in 1924 and $6,000 in 1925.
Bradley Beach, N. 3.—Bond Sale.—On June 10, 1898, the
$20,(00 5$ street-improvement bonds were awarded to the
Edward C. Jones Co., New York, at par and interest, less a
commission of 1%. Bonds mature January 1 , 1928, subject
to call atter January 1,1908. For further description of bonds
see Chronicle June 11,1898, p. 1152.
Buffalo, N. Y.—Bond Offering.—Proposals will be received
until i2 m ., June 22,1898, by Erastus C. Knight, Comptroller,
for $250,000 3)4% registered refunding park bonds and $84,548 75 registered bonds to refund temporary loan.
The refunding park bonds will be dated June l, 1898. In­
terest will be payable January 1 and July 1 , and the principal
will mature one-twentieth each year. The bonds are issued
pursuant with a resolution o f Common Council approved
June 8, 1898. The $84,548 75 refunding bonds are issued un­
der Chapter 24, Laws of 1898, and authorized by resolution of
Common Council approved June 8, 1898. They bear date of
June 1,1898. interest will be payable June 1 and Dec.1 , andthe
principal will mature one-fifth yearly, beginning June 1,1903.
Interest on the above bonds will be payable ac the Comp­
troller’s office or at the Gallatin National Bank, New York
City. A certified check for 2% of the amount of bonds bid
for, payable to the Comptroller without conditions, must
accompany bids. Separate bids must be made for each issue.
Bonds Defeated,.— The Council on Jane 8, 1898, disap­
proved of the action of the Board of Aldermen in ordering
an issue of $300 000 school bonds.
Temporary Loan.—The City Council has ordered issued a
3)4% temporary loan bond of $2,210 79 to satisfy two judg­
ments against the city of Buffalo Bond is dated July 1 ,
1898, and matures one year from date. Bond was awarded by
ordinance to the Comptroller for an investment in one of the
sinking funds.
Baras Levee D istrict, La. —Bonds Proposed. -T h e Legis­
lature has under consideration a bill authorizing the issu­
ance of $25,000 6% bonds by this district.
B urlington (N. J .) School D istrict. - Bonds Defeated.—
A t a school election held recently the question of issuing
$40,000 bonds was defeated. We are advised that another
meeting may be held in the near future to vote again on the
proposition.
B utler County (M o.) School D istrict No. 2.—Bonds
Registered.— Five $100 1% bonds were registered by the State
Comptroller on June 9, 1898. Bonds are dated June 1 , 1898.
Cabell County, W. Va.—Bonds Defeated.—A t the election
held recently the county voted against the issuance of $50,000
improvement bonds.
Calaveras County (C al.) Paloma School D istrict.—Bond
Offering.—Proposals will be received at any time by W . H.
Steffler, County Treasurer, for $1,800 8% bonds. Securities
are in denomination of $200, and mature one bond yearly on
July 1 from 1899 to 1907, inclusive. A deposit o f 10$ will be
required with each bid.
Callahan County, Texas.—Bond Sale.—The $12,500 5$ .
bonds recently approved by the Attorney-General have been
sold to J. B. Oldham, of Dallas.
Camden, N. J.—Bond Sale.—On June 15, 1898, the $35,000
4$ school bonds were awarded to Whann & Schlesinger, New
York, at 107-27. Following are the bids :
W hann A Schlesinger, N. Y . ...107*27
N. W . Harris A Co.. New York. .106-335
Mr. Densmore ($2,000) ...............105-65
E. C. Jones Co., New York......... 105-57
Mason, Lewis A Co., C hicago... 104*75

Denison, Prior A Co..CleveIand.. 104-12
R. Kleybolte A C o„ New Y o r k .. .103-01
W alter Stanton A Co., N. Y ........ lo3"77
J. A W. Seltgman, New Y ork .......103*26
Benwell A Everitt, New Y ork....102-18

Bonds mature June 1 , 1918. For farther description of
bonds see Chronicle June 11,1898, p. 1152,
Carlstadt ( Borough), N. J .—Bond Election.—An election
will be held July 12 , 1898, to vote on the question of issuing
$30,000 bonds for the following purposes: $2,000 for enlarging
fire-engine house, $18,000 for macadamizing streets and $10°
000 for grading streets.
C arroll County, 111.—Rond Election.—At the general elec­
tion November 8, 1898, the county will vote on the question
of issuing $25,000 bonds to rebuild the county poor-house.

1206

THE CHRONICLE.

[V ol . L X V L

Chariton County (M o.) School D istrict No. 8.—Bonds seme national bank, payable to the city o f Fall River, must
R'giste ed.—Five $70 6# bonds were registered on June 4, accompany proposals
Fergus Falls, M inn.—Bids.—Following are the bids re­
1898, by the State Auditor. Bonds are dated May 3, 1838.
Chicago, 111.—Temporary Loans.—The Comptroller re­ ceived June 7, 1898, for the $1(1,000 £%% 10-year general fund
bonds :
cently sold $2,500,000
time warrants to the following refunding
Parson. L «ach & Co., C hicago..*101-67 I Duke M. Farson, Chicago........ IOC‘005
local banks at par: Merchants’ National Bank, the Mer­ N. W . Harris & Co , C hicago... 101-138 I W . J. Hayes & Sons. C ieve...... 100-00
Lewis & Co., Cnicago. .*100-006 I E. W . Peet & Sons, St. P a u l... .+100-00
chants’ Loan & Trust Co., the Commercial National Bank, Mason,
,------I S. A . Kean. Chicago..
............1100'00
* A n d blank bonds. + Less $100 fo r blank bonds, t Less 1J&5 fo r blank bonds.
the Continental National Bank, the Northwestern National
Bank, the Chicago National Bank and the Corn Exchange
As stated last week, bonds were awarded to Farson, Leach
National Bank.
& Co., Chicago, at 101'67.
Bond Sale '■
—On June 15, 1898, the $98,000 3 ^ # gold re­
F itchburg, Mass.—Bond S ale— The sinking fund of
funding bonds were awarded to the Home Savings Bank of Fitchburg will absorb the following bond issues recently
Chicago at 103-66. Bonds mature July 1, 1918. For further authorized: $10,030 for street-improvements, $2,000 for side­
description of bonds see C h r o n ic l e May 28,1898, p. 1055.
walks, $10,000 for sewers and $3,000 for a chemical engine.
Forest (T ow n), T iola, Richland County, W is.—Bond
Chicago (111.) Sanitary D istrict.—Bonds Proposed.—The
Finance Committee of the Drainage Board on June 14,1898, Sale.—The $10,000 5# refunding bonds have been turned over
to
the railroad company at par. Mr. Geo. W . Waggoner,
decided to recommend the issuance o f $280,000 bonds on July
Town Clerk, writes us that he had no better offer than this
1,1898.
Cincinnati, Ohio.—Bond News.—-It is reported in some of at the time fixed for receiving bids.
Fosston, P olk County, M inn.—Bond Sale.— On June 8,
the papers that the Trustees o f the Firemen’s Fund had pur­
chased $16,000 3*65# new citv bonds. These bonds are part 1898, the $ 12,000 6% water-works and electric-light bonds were
of an issue sold last year and were bought in the open mar­ aw arded to the Bank of Fosston at 101-667. Following are
the bids :
ket by the trustees. They are not a new issue.
D. Cleghorn & Co., M inneapColumbus, Ohio.—Bonds Authorized.—On June 14, 1898, Bank o f Fosston...........................$12,200 IIJ.oils
(no ch eck )........................... $12,485
the City Council authorized the issuance of $175,000 H 30 F. R. Pulton & Co., Grd. F ork s.. 12,250
For description of bonds see C hronicle May 28,1898, p.
year storage dam bonds. Bonds are to be issued in not more
than four series, as the money may be needed. They will 1055.
Fulton, N. Y.—Bond Election.—An election w ill be held
be in denominations o f $1,000, with interest payable June 1
June 28,1898, to vote on the question of issuing $115,000
and December 1.
Bonds Proposed.—The Council Committee on Finance has bonds for a new water plant.
Gaylord, Minn.— Bonds Voted.—By a vote o f over 5 to 1,
approved an ordinance providing for the issuance of $20,000
the village receutly authorized the issuance of electric-lightstreet-cleaning bonds.
Crafton, Pa.—Bond Election.—An election w ill be held plant bonds.
Genesee (Id a h o) School D istrict.—Bond Sale.—The dis­
July 26, 1898, to vote on the question of issuing $30,Of 0 bonds
ref unding bonds to the Spo­
for the following purposes : $16,000 to lift floating debt, $3,500 trict has awarded the $5,000
to extend the sewer system and $10,500 for street improve­ kane & Eastern Trust Co. at IOh-66. A bid of 100 50 was re­
ceived from W . E. Bell of Spokane. Bonds mature July 1 ,
ments.
Dayton (O hio) School D istrict.—Bond Offering.—Pro­ 1908. For further description o f bonds see C hronicle May
posals will be received until 12 m . July 1, 1898, by the Com 7, 1898, p. 915.
Georgetown (O hio) School D istrict.—Bids.—Following
mittee on Finance and Accounts for $83,000 4# bonds to ob­
tain and improve school property, and maturing $33,000 July are the bids received June 7, 1898, for the $12,590 b% bonds-:
Premium,. I
Premium.
1,1911, and $50,000 July 1, 1912. Also for $30,000 4% library
Nat. Bank, G eorgetow n...$70150 |Citizens’ Nat. Bank, R ipley.......$380 00
building refunding bonds, maturing July 20, 1909. The $83,- First
Rudolph Kleybolte & Co., C in ... 626 26 |W . J. Hayes * Sons, Cieve.
. 355 00
000 bonds bear date July 1, 1898, and the $30,000 refunding Rogers & Co., Chagrin Falls...... 567 50 I New First National Bank. ColBros. Co.,Cleveland 56750 I
um bus...................................... 285 00
bonds July 20, 1898. They are in denomination of $1,000, Lamprecht
S e a s o n g o o d & Maver, Cincin ... 530 26 S. A . Kean. C h ic a g o ...,............. 140 00
with interest payable semi-annually in New York City. A Farson, Leach & Co., Chicago... 383 00 I Mason, Lewis & Co., Chicago ... 126 25
certified check for 5% of the gross amount of bonds bid for,
As stated last week, bonds were awarded to the First Na­
payable to W m. G-. Haeussler, Clerk of the Board of Educa­ tional Bank of Georgetown at 105 61.
tion, must accompany proposals for each issue.
Glenville (O hio) School D istrict.—Bids.—Following are
Deering, Me.—Bond Hale.—The city has sold to E. H. Gay the bids received June 14,1898, for the $22,000 5% s ’ hool bonds:
& Co.. Boston, the $6,000 20 year refunding bonds recently
Premium. !
PremiumO
Atlas National Bank, Cincin..$l,55o 00 I Denison, Prior & Co., C iev e... 1,138 0
authorized.
R u d o l p h Kleybolte & Co..,Cin. 1.430 00 |Lamprecht Bros,’ Co., ' leve . 1,108 0
Denver, Col.—B nd Issue—The city recontly issued $9,300 W . J. Hayes & Sons, C ieve— 1,390 00 New First Nat. Bank, Columb. 1,056 0
Leach & Co., Chicago.. 1,337 00 Bnggs, Smith & Co.. Cincin.. . 1,055 0
bonds to Contractor Caarles Connor in payment of the esti­ Farson
Society fo r Savings, Cieve. ... 1,334 33 N. W . Harris & Co.. Chicago.. 1,028 0
mated work done to date on the Broadway Storm Sewer Dis­ Seasongood & Mayer, Cincin.. 1,243 00 S. A. Kean, Chicago.................. 104 00
li)0 00
Clarence M. Jones, Columbus. 1,171 60 S. Kuhn & Sons, Cincin..........
trict No. 1.
For description of bonds see C h r o n ic l e May 28,1898, p.
East H artford (Conn ) Union School D istrict—Tempo
rary Loan.—The district has borrowed $6,000 of the Security 1055.
Goldsboro, N. C.—Bond Offering.—It is stated that pro­
Company of Hartford on a note bearing
interest.
East St. Louis, H i.—Bond Sale.—On June 9,1898, the city posals will be received until July 5, 1898, by D. J. Broadawarded $78,300 H street-improvement bonds as follows: hurst, City Clerk, for $30,000 6# bonds.
Grand Island, Neb.—Bond Issues.—The city has entered
$25,000 to N. W . Harris & Co., Chicago, at 101-08, and $53.300 to the W m. C. Little & Bro. Investment Co., St. Louis, into an agreement with N. W . Harris & Co., Chicago, by
at 100 057. A bid of 100-032 for the entire issue was received which that firm purchases $50,000 5% 5- 20-year (optional) re­
from Denison, Prior & Co., Cleveland. Bonds are in denomi­ funding bonds, and is given the option of 30 and 6o days on the
nation of $500, dated June 1, 1898. Interest w ill be payable remaining $101,000 refunding bonds which will be issued.
annually, and the principal will mature one-fourth yearly, The total bonded debt of Grand Island is $153,000, of which
subject to call on June 1 of any year upon twenty days’ notice. $151,000 will be refunded and $2,000 paid in cash from funds
Elk Point, S. D&k.— Bond S ale—The city has sold the in hand, in accordance with an ordinance passed by the City
$12,000 5% water-works bonds voted last month. Bonds m a­ Council and approved June 3,1898. Mr. E lw ard Hooper,
City Clerk, writes us that the proposition has been accepted
ture in 1913, subject to call after 1903.
E lkton (K y.) School District.— Bond Offering.—Proposals by both the city and the Chicago firm and that negotiations
w ill be received until June 23. 1898, by James M. Weathers, are being made accordingly.
Grand Island (N eb.) School D istrict.—Bond Issue.—The
Secretary and Treasurer, for $13,70)
refunding school­
building bonds. Securities are dated July 1, 1898. Interest district has issued $23,UiO refunding bonds.
H averhill, Mass.—Bond sale.—On June 11,1898, the $50,will be payable semi-annually at Elkton, aod the principal
will mature July 1,1918. $6,700 are subject to call on or after 000 4$ water bonds were awarded to Rudolph Kleybolte &
Co., New York, at 111-70. Following are the bids:
July 1, 1908.
& Co., N. Y . 111*70 Farson. Leach & Co., N. Y.........
Elma, Iow a.— Electric-Light Plant Authorized.— No Bonds. Rudolph Kleybolte
syb<
R. L. Day & Co.. B oston............. 111-899 Blake Bros. & Co., B oston......... 109 67
— At the election held June 11,1898, the proposition to build N.
W. Harris & Co., New Y o r k . .11P.-25 E. H. Rollins & Sons, B oston.. .. 109-669
an electric-light plant carried by a majority of 107. Mr. J. D. Verm ilye & Co., New Y ork........ 11V29 Geo. A . Fernald & Co., Boston. 109*37
&OÓ’.. B oston ... ‘. ‘.'.‘. ‘.'.110-813 Mason, Lewis & C o.,C h ica go.... 108199
O’Donnell, City Clerk, writes us that there will probably be Estabrook
Blodget. Merritt & Co.. N. Y . .. . 110*58 Illinois Trust & Savings Bank. .108-099
S. A . Kean, Chicago................... 107-25 j
Parkinson & Burr, B oston........11039
no bonds issued for this purpose.
H icht Bros. & Co..........................107"0o |
Elyria, Ohio.—Bond Election.—An election will be held Adams & Co., B oston................. 1W31
Bonds mature December 1, 1927. For further description
June 27, 1893, to vote on the question of issuing $45,000
of bonds see C h r o n ic l e June 11, 1898, p. 1153.
bonds for the purchase of the E yria Gas & Water Co.
Haverstraw, N. Y.—Bonds Defeated.—At the election held
Bonds Authorized.—An ordinance has been passed providing
for the issuance of the $250,000 water-works bonds voted last June 9, 1898, the proposition to issue bonds for a gravity
water works system was defeated.
April. The date of sale has not yet been determined.
H em phill County, Texas.—Bond Sale.—The county has
Enderlin, N. Dak—Bond Election.—An electiou will be
held June 21, 1898, to vote on the question of issuing $3,000; sold to J. B. Oldham, Dallas, at par, $5,510 5$ road and bridge
1% 15-year bonds for the purpose of building water works for bonds and $3,000 5# refunding court-house and jail bonds.
Independence (M o.) School D istrict.—Bonds Registered.
fire protection only.
F all R iver, Mass.—Bond Offering.—Proposals will be re­ —The State Comptroller has registered sixty $500 4$ bonds of
ceived until 10 A. M., June 24, 1898, by Chas. P. Brightman, this district. Bonds were issued April 1, 1898, for building
v,
City Treasurer, for $100,000 H sewer bonds. Securities are purposes.
Jacksboro, Texas.—Bonds Registered.—The Attorneyissued pursuant with Chapter 276, Acts of 1898, and author­
ized by City Council June 6, 1898. Bonds are in denomina­ General has approved $7,500 school building bonds and the
tions of $1,000 or multiple thereof, dated July 1, 1898. In­ Comptroller has registered the issue.
Jefferson City, Mo.—Bonds Proposed.—The City Council
terest will be payable by check Jan. 1 and July 1. Principal
will mature July 1, 1928. A certified check for $1,000, on has under consideration an ordinance providing for an elec-




June

J207

THE CHRONICLE.

18, 1898.]

Malden, Mass.—Temporary Loan.—The city has awarded
tion to vote on the question o f issuing $ 11,000 street-improve­
ment bonds. This proposition has already been submitted a 5 months’ temporary loan of $100,000 to Geo. Mixter, Bos­
ton, at 2 68$. Following are the bids:
three times to a vote, all of which resulted in defeat.
Jersey City, N. J.—Bond Sale.—On June 15, 1898. the George Mixter. Boston ...............2*68)8 I Blake Bros. & Co., B o sto n ........... 2*79£
$100,000 4$ gold coupon bonds were awarded to E. H. Rollins W m . O. Gay & Co., Boston. .. 2*74)6 Rogers, vewman ATolm an, Bost. 2*79%
Five Cents Sav. Bank, Boston...... 2*75)6 |.1ose, Parker A Oo.,Boston —
2*81*
& Sons. Boston, at 106*08. Following are the b id s:
Chas. W eil A Co ............................. 2*76)6 I Longstreet, St ° dm an A Co., Bost.*2*82%
E . H . Rollins, Hoston................ 106 03 I Denison. Prior & Co.. Oleve...... 103 497
Blake Bros. & Co., New York.. .104*82 Blair & Co., New Y o rk ................ 108*111
Parkinson A Burr, Boston
..104*663 K. B. Smith A i'o., New Y ork. 109*87
N. w . Harris A Co., New York. .104*076 Rlodget, Merritt A Co., B oston. 109*17
Illinois Tr. A Say. Bk. Ph4„ -iriQ.fjQQ i W hann A Scblesinger, N. York. 102*07
cm
c...iu
d (» » j p eop le’s Safe Deposit A Trust
Mason, Lewis & Co.,
---------Co. ($95,000).............................. 101*76
Adams & Co., Boston
............103*64'
Edw. O. Jones Co., New Y o r k .. .100*383
V erm ilyeA C o., New Y ork ....... 103*61

B ond A Goodwin, B oston............... 2*88)6 Estabrook A Co., B oston .............. 2*84<
------|Curtis A M otley, B oston ...............2*89%
T And $1 50 premium.

Manchester, N. H.—Temporary Loan.—The city has ne­
gotiated a loan for $100,000 due December 7, 1898, with Geo.
Mixter, Boston, at 2*69$. Following bids were received:

Bonds mature August 2, 1927. For further description of George Mixter, B oston ................2*69 % I Estabrook A Co., B oston ............... 2*95<
bonds, see C h r o n ic l e .Tune 11, 1898, p. 1154.
Rogers, Newman A Tolm an . .. .2*85 % Dunscomb A J ennlson, N. Vork. .2*97#
Longstreet, Stedman A Co.,Bost.2*87 % I Blodget, Murrttt A Co.. B oston— 3*08^
Joplin, Mo.—Bonn Sale.—On June 11, 1898, the $30,000 5# Curtis
A Motley, B o s t o n ...........2*89 % j Bond A Goodwin, B oston.................8*10£
refunding bonds were awarded to the First National Bank of Blake Bros. A Co.. Boston.......... 2*90 )C Knickerbocker Trust Co ...............3*27£
A
.
Eliot,
Manchester.................... 2*937)6 I
Joplin at par for bonds maturing in 10 years and subject to
call $3,000 yearly. Following are the bids received for
Mandan, N. Dak.—Award.—S. A. Kean of Chicago was the
successful bidder for tbe $15,000 5$ 15-year gold refunding
straight ten-year bonds:
Prem ium . 1
Premium.
$1.297 60 Briggs, Smith A Co., Cincin.. 990 00 bonds, which we stated last week had been awarded at 100*50.
Spitzer A Co., T oled o..
----------'""■g
91010
M annington, W. Va.—Bonds Voted.—A t a special election
N. W . Harris & Co., Chicago. 1,227
50 I Lamprecht Bros. Co.. Cleve..
Farson, Leach & Co.. Chicago 1,206 00 Seasongood & Mayer, Cincin. 64*2 00 held June 6,1898, the city voted in favor of i?auing $20,000
Trow bridge A Co., C hicago... . 1.063 00 I
Keokuk (Io w a ) School D istrict.—-Rond Issu e.-T h e city street-paving bonds. The vote was 268 for and 23 against the
has issued $8,000 5$ bonds for the erection of a school building. issuance of bonds.
M aricopa County School D istrict No. 7, Phoenix, Ariz.—
Lanesboro, Minn.—Bond Election.—An election will be
held shortly to vote on the question of issuing bonds for the Bond S a le.— On June 6,1898. the $3,000 7$ gold bonds were
awarded to E. E. Pascoe at 104. A bid of par was also received
purpose of extending water-works system.
Lawrence, Mass.— Bond Sale.—The city has awarded the from E. J. Bennitt. Bonds mature 20 years from date of
$75,000 4$ 1-25 year (serial) sewer bonds to the sinking funds issue, subject to call after 10 years. For further description
of bonds see C h r o n ic l e June 4, 1898. p, 1103.
as an investment.
Marion County, W. Ya.—Bonds Defeated.—The county has
Lima, Ohio.—Bond Offering.—Proposals w ill be received
until 12 M. June 27,1898. by C. E. Lynch, City Clerk, for voted against the issuance of $10 ',000 court-house bonds.
M arlborough, Mass.—Temporary Loan.—The city has ne­
$12,780 5$ West Main Street paving bonds. Securities are
issued pursuant with sections 2703 to 2707 inclusive and 2709 gotiated with Curtis & Motley, Boston, a 6 months’ Joan of
$25.000
and a 4 months’ loan of $10,000 at 2*875$ discount.
o f the Revised Statutes of Ohio, and authorized by ordinance
M echanicsville (N. Y .) School D istrict—Bond Sale —
passed May 9, 1898. Bonds are dated July 1 , 1898. Interest
will be payable semi annually at the office of the City Treas­ Isaac W . Sherrill, Poughkeepsie, has been awarded $20,000
urer. Principal will mature $780 January 1,1899; $500 every school bonds at 102’26,
M enardville (T exas) School D istrict.—Bond Offering.—
six months from July 1, 1899, to July 1, 1903, inclusive, and
$750 every six months from January 1, 1904, to July 1, 1908, The city will receive bias at any time for $3/00 6$ 5-20 year
inclusive. A certified check on a Lima bank, payable to the (optional) bonds. Securities are in denomination of $500,
City Clerk in sum of at least 5%o f the amount of bonds bid The district’s assessed valuation is $170,000 and population
about 5(0.
for, must accompany proposals.
Mercer County, Mo.—Bonds Defeated.—by a vote of 860
Proposals will also be received until 12 M.. July 11, 1898,
for
to 788 against tbe question of issuing $30 000 court-house
by C. E. Lynch, City Clerk, for $40,000 5$ West North
Street paving bonds. Securities are issued pursuant with bonds failed to carry at the election held May 30, 1898, owing
sections 2703 to 2707, inclusive, and 2709 of the Revised to a two-thirds vote being necessary to authorize.
M etropolis, 111.—Bond Sale.—On Jane 14,1899, the $35.000
Statutes of Ohio, and authorized by ordinance passed May 23,
1898. Bonds are in denominations of not more than $1.000, 4$ 10 30-year (optional) refunding bonds were awarded to
dated duly 1. 1898. Interest will be payable semi annually at Farson, Leach & Go., New York, at par. For description of
the office of the City Treasurer. Principal will mature $1,500 bonds see Chronicle June 4, 1898, p. 1103.
Miami County, Ohio.— Bonds Authorized .—A t a meeting
every six months from January 1, 1899, to July 1. 1900, in­
clusive; $2.000 every six months from January 1,1901. to July o f the County Commissioners held recently, it was decided
1, 1906, inclusive, and $2,500 every six months from January to issue $40,000 bridge bonds and $1.000 ditch bonds.
M iddlesex County, Mass.—Bond Sale.—On June 11,1898,
1,1907, to July 1, 1908, inclusive. A certified check on a
Lima bank, payable to the City Clerk in sum of at least 5$ of the $200,000 4$ loan for the new Registry of Deeds at Cam­
bridge was awarded to N. W Harris & Co., New York, at
the amount o f bonds bid for must accompany proposals.
Bids.—Following are the bids received June 13, 1898, for 1/6 655. Following are the bid*:
N. W . Harris A Co., New York .106*655 Adams A Co., Bost on................... 108*02
the $50,000 5$ South Main Street paving bonds:
Blake Bros. A Co . Boston. ----- 10.V81
Premium.
Premium.
Atlas Nat. Bank. C incinnati...$3,360 00 8. Kuhn A Sons, Cincinnati... .$‘'',235 0 i
Goldsmith k u lb , Lima.............'3 ’030 (JO I Ohio National Bank, Lima .. 2,231 on
Spitzer
& Co... T oled o ...... ........ *2,836 00
..... 2,201 <07
__ ___
ziajI Mansfield
xt~—First
: Savings
~j Bk.,
>»Bank
New
Nat.
Columbus. 2,157 <
75
Seasongood
A Mayer, Cincin 2,'815 00
Farson, Leach A Co , Chicago. 2,690 00 W J. Hayes A Sons, Cleveland 2,057 00
Rudolph Kieybolte A C o.,C in. 2,615 00 Citizens’ Savings A Loan Co.,
Mansfield................................. 2,000 to
Lam precht Bros.Co., C lev e... 2,367 00
Denison, Prior & Co.. Cleve. . 2,303 76 S. A . Baxter A Sons, Lima ... 1,710 no
Mason, Lewis & Co., Chicago.. 2,267 00 First National Bank, Lima ... 1,125 00
T. T. Mitchell & Sons, Lima . 2,240 00 i

aair

ooíe

fix vr - ri

Oic*r K

A ll bids were tabled, pending action o f the Council, Mon­
day, June 20, 18S8, on award o f contract for which these
bonds are to be issued.
Livingston County, N. T.— Bond Offerina.—Proposals will
be received until 2 p. m . June 23, 1898, by Foster W . Walker,
County Treasurer, for $30,000 4J^$ court house bonds. Securi­
ties are in denomination of $5,000, with interest payable an­
nually at the County Treasurer’s office. Principal will ma
ture $5,000 yearly on February 1, beginning in 1900. A certi­
fied check for $100 must accompany bids. The county has no
bonded indebtedness ; the assessed valuation is $25,348,000,
and population about 38,000.
Bids for these bonds were asked until May 9, 1898, but the
bonds were not awarded, owing to an error in the proceedings
authorizing the issue, which has since been corrected.
Lorain, Ohio.—Bonds Voted.—By a vote of 592 to 103,
Lorain on June 13, 1898, voted in favor of issuing $75,000
river improvement bonds.
Lynn, Mass.—Bonds Authorized.—The issuance o f $25,000
4$ water-works bonds has been authorized. Securities ma
ture July 1, 1918.
M cArthur, Ohio.— Bond Offering.—The city is advertising
for sale an issue o f electric-light bonds.
McConnelsville, Ohio.—Ronds Voted.—On June 14, 1898,
the city voted in favor of issuing $20,000 water-works bonds.
Full particulars of this issue have not yet been determined
upon.
McKinney, T exas.—Bonds Registered.—The Comptroller
has registered the $29,000 water-works bonds authorized last
January.
Macon County (M o.) School D istrict No. 3.—Bonds Reg­
istered.—On June 4. 1898, the State Auditor registered five
$1<i0 6$ bonds, dated June 1, 1898.
Madison (M inn.) School D istrict.— Bond Rale.—The State
w ill take the $3,00t' 4$ school house bonds authorized at the
election held May ;3, 1898.




Rudolph K leybolte A Co.. N. V .106*59
R. L. Day A Co. and Estabrook
A Co. (Jointly) .............. ........ 106*428
Third National Bank, Boston .106*367
Blodget, Merritt A Co.. B oston. i06*i6
Lee, Higgineon A Co , B o sto n .. .106*08
Geo. A. Fernald A C o..B oston ..106*073

E. H. Rollins A Sons. B oston .. .105*573
Farson. Leach A Co.. New York.l05*565
Parkinson A Burr. B o sto n ..
105*348
Illinois Trust A Savings Bank,
Chicago................... .................... 104*099
Mason. Lewis A Co., Chicago
104*699

Bonds mature $20,000 yearly on December 1 from 1906 to
1915, inclusive. For farther description of bonds see C h r o n ­
ic l e last week, p. 1154.
M ills County, Texas.—Description o f Bonds —In the
C h r o n ic l e last week we stated that the Permanent School
Fund had purchased the $14,000 refunding court-houee bonds.
These bonds, we are now informed, bear 5$ interest and
rnn forty years.
M ilton, Mass.—Bids.—Following are the bids received
June 14 , 1898, for $140,000 4$ bonds. Securities are issued
for the following purposes: $100,000 for highway, $20,000 for
sewerage and $20,000 for school:

E. H. Rollins A Sons, B oston.............
Blake Bros. A Co., B oston .... ..........
Jose. Parker A Co., B oston................

Estabrook A Co., Boston —
Third National Bank, Bostoi
Henry D. M acDowell.............

*100,000
Highway
Bonds.
„103*311
...103*26
,.10<*1S7
...103*06
. .103*0
...102*91
...10 *91
. .102*79
...102-78
.. 102*711
...102*69
102*551
...102*537
...102*33

$20,000
Sewer
Bonde.

$20,000
School
Ponds.

E ntire
Issue.

105*25
103*517
1"6*34
105*279
105 07
105*16
104*54
104*91
105*031
105*09

103*10
103*137
103*06
103 0
10 *94
102-91
102*68
102*65
102*772
102*69

103*079

104*648
104*45

102*637
102*33

102*437

The award was postponed until after the meeting of the
Board o f Selectmen, held last night, the result o f which
was not known at the time of going to press.
M ilwaukee, Wis.—Bonds Proposed.—The Common Council
has under consideration an ordinance providing for the issu­
ance of $50,000 west sewerage bonds.
Minnesota.—Loons Authorized.—The State Investment
Board has authorized the following loans to school districts :
Aitkin Co., District No. 29............ $266
Carlton Co.. District No. 7 .......... 6,500
Cottonw ood Co.. District No. 16. 1,000
Faribault Co., District No 68
10,000
Lincoln Co., District No. 6 2 ........ 600
Morrison Co.. District No. 88 .. . . 400
Nicollet Co., District No. 3 2 ...... 500
Olmsted Co., District No. 148. ... 800
Otter Tail Co., District No. 5 4 .... 450

Polk Co., District No. 89............... $350
Polo Co., District No. 137.............
600
R ock Co., District No. 25..............
600
Stearns Co.. District No. 179.. ..
750
Todd C .. District No, 90.,
..
800
Yellow Medicine Co.. Dist. No.92. 350
T ow n o f Flpwing. Clay C o........... 1,000
City o t Ely, St. Louis Co........... .. 5,000

1208

THE CHRONICLE

Montgomery Counly, Iowa.—Bond Sale.—The county re­
cently sold $17,000 4%% refunding bonds at 102-941.
Mount Yernon, N. I .—Bond Offering.—Proposals will be
received until July 5,1898, for $30,000 highway improvement
bonds. A certified check for $1,000 will be required with
each bid.
Nashua, N. H.—Bond Sale.—It has been reported that the
city had sold at private sale to E. H. Rollins & Sons, Bos­
ton, $40,000 4# 20-year library bonds at 106-75, but Mr. G-eo.
F. Smith, City Clerk, writes us under date June 16, that these
bonds have not yet been sold.
New Bedford, Mass.—No Loan Negotiated.—The report in
some of the papers that this city recently borrowed $100,000
of Rogers. Newman So Tolman, Boston, at 2-79# is incorrect.
W e presume that the report refers to Fall River, Mass.,
record of which will be found in last week’s C h r o n ic l e .
New London, Huron County, Ohio.—Bond Offering.—Pro­
posals will be received until 2 p. M. July 2, 1898, by E. A.
Winebar, Corporation Clerk, for $4,000 5% electric-light
bonds. Securities are issued pursuant with sections 2835,
2836, 2837 and 2837a, Revised Statutes of Ohio, and were au­
thorized by ordinance passed May 16, 1898. Bonds are in de­
nomination of $250, dated June 1, 1898. Interest will be pay
able semi-annually at the Treasurer’ s office, and the principal
will mature $250 yearly on April 1 from 1900 to 1915. in­
clusive. A certified check for $100 must accompany pro
posals.
Northampton, Mass— Temporary Loan.—The city has ne­
gotiated a loan of $50,000 at 2*76#. Loan matures November
18, 1898. Following are the bids:
W m. O. Gay & Co., Boston.......... .2’76?51 Blodsret, Merritt & Co.. Boston ...S'00;C
Jose, Parker & Co., B oston......... 2"88& |Curtis & Motley. B oston................... 3 00$
Rogers, Newman * Tolman, Bost.2"93$ 1Bond & Goodwin, B oston ...............3-05$
Estabrook & Co., Boston............. 2*99$ |Bdgerly & Crocker, B oston.......... ,3T0$

Norwalk, Ohio.—R ids.—Following are the bids received
June 7,1898, for the $30,000 5# water-works bond :
N. W . Harris & Co., Chicago. $3*,461 00 I Lamprecht Bros. Co., Cl eve.. $32,* 50 00
Rudolph Kleyboite& Co.,Cin. 33,117 00 Society fo r Savings, C lev e... 32,760 00
Se^songood & Mayer, Oincin. 33,082 25 |Atlas Nat. Bank, Cincin...... 32,725 00
W . J. Hayes & Sons, C leve... 83,017 00 IBriggs, Smith & Co., Cincin.. 32,700 00
Farson, Leach A Co.. N. Y .... 88,030 ao Huron Co.Bkg. Co.. Norwalk. 31.699 00
Spitzer & Co.. T oled o............. 39,905 00 |New First Nat. Bk..Columbus. 31,50100
Mansfield Savings Bank
.. 32.901 00 INorwalk Savings Bank........ 80,303 00
Denison. Prior & Co.. C leve.. 32,858 75 I S. A . Kean Chicago.............. 80,106 00

As stated last week, bonds were awarded to N. W . Harris
& Co., Chicago, at 111-537.
Oak Harbor, Ohio.—Bond Offering.—Proposals will be re­
ceived until 12 M. July 5, 1898, by L, E. Meyer, Village Clerk,
for $22,500 5# street improvement bonds. Securities are
issued pursuant with sections 2267, 2304, 2264, 2704 and 2705
Revised Statutes of Ohio. They are in denomination of $500,
dated July 1 , 1898. Interest will be payable semi-annually
and the principal will mature $1,500 yearly on March 1 , from
1904 to 1918 inclusive. A certified check for $400 must
accompany proposals.
Odin Township, Marion County, 111.—No Bonds Voted —
In the Chronicle June 4, 1898. we stated that the township
had voted to issue $600 bridge and road bonds. These bonds
were not voted by Odin Township, but by Sandoval Town­
ship, which once formed part o f Odin Township.
Ohio.—Bond Sale.—Bids were received June 10, 1898, for
the $300,000 3# war bonds, the highest of which was that of
Seasongood & Mayer, Cincinnati, at 100-0556. A t a confer­
ence between the Sinking Fund Commissioners and the G ov­
ernor it was decided to issue at this time but $200,000 bonds,
which amount was awarded to Seasongood So Mayer at their
bid.
Old Town, Me.—Bonds Authorized.—The Committee on
Finance has been authorized to issue $14.000 bonds to refund
a like amount of old bonds maturing July, 1898. The new
bonds will be dated July 1, 1898, and will mature July 1 ,
1918. Interest will be at 4%, payable semi-annually in Boston.
Bonds will be in denomination of $500.
Loan Authorized.—The Mayor and Treasurer has been au­
thorized to borrow not exceeding $3,000 in anticipation of the
collection of taxes.
Olin, Jones County, Iow a.—Bonds Voted.—On June 6,
1898, by a vote of 104 to 58, the town authorized the issuance
of $5,000 water-works bonds.
Orange County (C al.) Laurel School D istrict.—Bond
Sale —On June 8, 1898, tne $9,000 bonds were awarded to the
Oakland Bank of Savings at 105-01. Following are the
bids:
‘Premium.
Premium.
Oakland Bank o f Savings......... $451 00 Robert E flev........................... .. .$22 50
W . J. Hayes & Sons, Cleve........ 829 00 J. Ross Clark................................... Par.
Isaac Springer.............................. 329 00

Pawtucket, R. I .—Temporary Loan.—The city has awarded
$100,000 five months’ loan as follows: $50,000 to the Citizens’
Savings Bank of Providence at 2-875# and $50,000 to Rogers.
Newman So Tolman, Boston, at 2*98#. Other bidders were :
Edgerley & Crocker. Boston ($1
Ì Rond & Goodwin, B oston............. .3-0558
prem ium )...........
.....................I Curtis & Motley, B oston......................... 3-lOi
Blake Bros. & Co., B o s t o n .............3*02% I Knickerbocker Trust C o , N. Y . .. .3*4958
Dunscomb & Jennison, N. Y ........ 3'03;? |

Peabody, Mass.—Temporary Loan.—The town has nego­
tiated a 4^-months’ loan of $40,000 at 2-79#.
P em berville (O hio) School D istrict.—Bond Sole.—The
district has sold to the Citizens’ Savings Bank of Pemberville $4,000 school bonds at 101-30.
P erry County (M o.) School D istrict No. 1 .—Bi nds Regis­
tered.—The State Auditor on June 9, 1898, registered five
$100 8# bonds bearing date July 1, 1898.
Philadelphia, Pa .—Loan Bill Paesed by Select C o u n c ilOn June 16, 1898, the Select Council passed the $11,200,000




[V o l . L X Y L

loan bill, by a vote of 33 to 4. As this bill passed Common
Council on May 26, 1898, it only requires the signature1
of the Mayor to become a law. A iist of the improvements
covered by this loan will be found in the C hronicle May 28r
1898, p. 1056. The Select Council has also concurred with
the Common Council, authorizing a loan o f $1,306.000, to
provide for the payment o f loans maturing July 1 , 1898, and
January 1,1899.
Pine Island, Minn.—B onis Voted.— A.t an election held
recently, it was voted to issue $6,000 bonds for a water-words
system.
Pittsburg, Ean.—Bonds Defeated.—The city recently de­
feated a proposition to issue $75,000 city-hall bonds.
Placentia School D istrict, Orange County, Cal.— Bond
Offering.—Proposals will be received until 10:30 a . m , June
20,1898, for $2,500 7# gold school-building b nds. Interest
will be payable semi-annually in Santa Ana, and the prin­
cipal will mature part yearly, beginning June 1,1900. W. ABeckett is the Deputy County Clerk.
P olk County, Minn.—Bond Sa'e.—On June 8, 1898, the
county awarded to F. R. Fulton Sc Co., Grand Forks, $40,000
6$ 10 year bonds, at 100-75. $20,u00 bonds bear date June 1,
1898, and $20,000 August 1, 1898.
Portsmouth, Ohio.—Bond Sale— On June 14, 1898, th e
$20,000 5# refunding bonds were awarded to Estabrook So
Co., Boston, at 114-05. Bonds mature June 27, 1918. F or
further description of bonds see C hronicle Mav 2 1 . 1898. t>.
1013.
F
Red Oak (Iow a ) School D istrict.—Bids.—Following are
the bids received June 3, 1898, for $32,000 bonds, awarded, as
stated last week, to vthe First National Bank o f Chicago at
100 625:
For *14 v. c. bonds.
Premium. I
P rem iu m «
First National Bank, Chicago.. .$405 00 I Denison, Prior & Co., Cleveland.|2510 «
N. W. Harris & Co., Chicago....... 385 00 I W . J. H ayes & Sons,Cleveland.. 160 0 ?
Red Oak National Bank............... 287 50 |First National Bank, Red O ak.. 100 On

The above bids were all rejected, and the bonds put on sale
at public auction, and sold for 100-625 to the First National
Bank, Chicago, for the following-described bonds: $17,000 4%
refunding bonds, payable ten years after date, subject to call
after five years, and $15,000 4J£# bonds, payable $5,000 ten
years after date, or at the option of tbe district at any time,
and $10,000 ten years after date, subject to call after five
years.
Revere, Mass.—No Loan Negotiated. —In reply to our in­
quiries regarding the report in some o f the papers that the
town had negotiated a loan o f $20,001 at 3'60# iu anticipation
of the collection of taxes, Mr. G. Arthur Tapley, Treasurer,
writes us follows: “ Tbe above report is not correct, as I
have made no such loan.”
Richmond (K y.) School D istrict.—No Bond Election.—
W e are advised that the proposition to hold an election for
the purpose of voting $5,500 bonds has been withdrawn.
Rutland, Y t.—Temporary Loan.—The city has negotiated
a loan of $20,000 with Rogers, Newman & Tolman. Boston
at 3-07#. Loan matures October 15, 1898. Mr. Fred. A.
Field, Treasurer, writes us that this is the lowest rate that
the city of Rutland ever realized.
Saginaw, Mich.—B on d S d e.—Following are the bids re­
ceived June 11, 1898, for $50,000 4# street-improvement bonds
awarded to Estabrook So Co., Boston, at 101-28, and $¡5,000
4# sewer loan awarded to the Saginaw Valley Fire So Marine
Insurance Co. at 105-30 :
$50,000 Bdt.
Estabrook & Co., B oston............................................ $50,640 00
Saginaw Valley Fire A Marine Insurance Co........
.. . .
W . J. Hayes & Sons, Cleveland................................ 50.619 00
Farson, Leach & Co., Chicago.................................... 50,5*7 50
E. H. Rollins & Sons, Boston...................................... 50,568 50
Adams & Co., B oston ______ ______ ■.............. ; .......... 6 ,530 00
Denison. Prior & Co.. Cleveland................................ 50,502 CO
Second National Bank, Saginaw................................ 60,262 50
Rudolph K 'eybolte & Co., Cincinnati....................... 50.155 00
Seasongood & Mayer, Cincinnati. . .........................
............
American Commercial & Savings Bank...................

$15,000 Bds.
$16,717 00
16,795 00
15,597 00
16,642 00
15,602 40
15,646 50
15,670 00
15,162 50
15,575 00
15,501 37
15,000 00

The $¡50,000 street-improvement bonds mature one-tenth
annually on August 1 from 1899 to 1908. inclusive, and the
$15.000 sewer loan on July 1, 1918. For further description
of bonds see Chronicle June 4,1898, p. 1105.
St. George, Dorchester County, S. C.—Bond Election.—
An election will be held June 22, 1898, to vote on the questio of issuing $5.000 to aid in erecting public buildings for
Dorchester County.
Sandoval Township, M arion County, 111.— Bonds Voted.
—The township has voted to issue $600 bridge and road bonds.
Sea Cliff, N. Y.— Bonds Refused.—Geo. M. Hahn, who on
May 24, 1893, was awarded $8,000 5# sidewalk bonds, has re­
fused to take the same. Mr. Hahn, it is stated by the Brook­
lyn “ Eagle,” questions the legality o f the bonds because only
a partial assessment is payable by the tax payers whose
property benefits by the contemplated improvements.
Seguin, Texas.—Bond Sale.—The city has sold the $8,000
water-works bonds, recently registered, to E. Nolte & Sons,
local bankers.
Siskiyou County (C al.) P ebble School D istrict.—Bond
Offering Withdrawn.—W e are advised that the action of the
Board of Supervisors, in providing for the sale on May 30,
1898, o f $1,000 8# bonds of Pebble School District, was not
in accordance with the election held in this district to au­
thorize the bonds, and that tbe offering was withdrawn.
The Board will meet again in July and the details corrected
so as to conform with the election.
*»outh Portland, Me.—Bonds Authorized.—A t a special
town meeting held recently it was voted to issue $4,550 4#
bonds for the payment of notes about to mature.

Bids for these bonds were asked for until May 11, 1898, but
the securities were not awarded at that time. Bonds mature
$1,000 yearly on March 1 from 1901 to 1920 inclusive. For
further description of bonds, see C hronicle April 23, 1898,
p. 822.
T albot County, Md.—Bonds Proposed.—The County Com­
missioners are considering the question of remodeling the
Court House, for which purpose $10,000 bonds were author­
ized by the last Legislature.
Troy, Ohio.—Bond Sale.—The $15,000 4 ^ 10 year bonds,
bids for which were asked until June 7, 1898, have been
awarded to Mason, Lewis & Co., Chicago, at 100 5438.
Unadilla, Ga.—Bond Sale. —The town has sold the
$1,000,8$ 10-20-year water works bonds, recently voted, at
105.
Upshur County, Texas.—Bonds Approved and Registered.—
The Attorney General has approved and the Comptroller
has registered $21,500 5$ funding bonds.
Yernon School D istrict No. 7, Durand, Shiawassee
County, Mich. Bond Offering. —Proposals will be received
until 7:30 p. m . June 22,1898, by A. E. Pratt, Secretary of
School Board, for $3,500 5i bonds. Bonds will mature as
follows: First bond, $1,100, February 15, 1906; second bond,
$1,200, February 15, 1907; third bond, $1,200, February 15,
iy08. The total debt of the district, including this issue, is
$9,000. The assessed valuation for 1893 is $312,688, and the
estimated population is 2,500.
W allingford, Conn.— Bonds Proposed.—This town, we are
advised, will build a $25,000 sewer this season. No bonds
can be issued for this purpose until the General Assembly
meets next January.
W apakoneta T illage, Ohio.—Bond Offering. —Proposals
will be received until 12 M July 11, 1*98, by Vernon B.
Arnold. Village Clerk, for $>,000 5# electric light bonds Se­
curities are issued pursuant with sections 2835, 2836 and
2337 Revised Statutes o f Ohio, and were authorized by ordi­
nance passed by the Council May 13, 1898. Bonds are in de­
nomination of $500, dated June 1, 1898.. Interest will be
payable semi-annually at the office of the Village Treasurer,
and the principal will mature $500 each six months from June
1, 1901, to December 1, 1905, inclusive. Each proposal must
be accompanied by $200 in cash.

Springfield, Mass.—Temporary Loan.—On June 16,1898,
the city awarded to George Mixter, Boston, a temporary
loan of $200,000 at 2-60# discount. Following are the bids:
George Mixter, B o sto n ................. 2'6r# I Dunscomb & Jennison, New York.2-,93#
Jose, Parker & Co , B oston........... 2*76# Bond & Goodwin. B oston............... ¡¿'95%
Charles W ell & Co.. B oston........... 2 70% I Chapin Nat. Bank, Springfield...... *07#
H enry B. McDowell, Boston ($185
I Curtis & Motley, B oston................ 2 99#
prem ium )....................................... 2-77# Estabrook &Co.. Bostou.................3*00#
Blodget, Merritt & Co., B o sto n ...2'88# I Knickerbocker Trust Co., N. Y . .. .3'24#

The loan is dated June 18. 1898, and matures November 8.
1898, and was negotiated in anticipation of the collection
o f tftXBS
Springfield, Ohio. -B on d Offering.—Proposals will be re­
ceived until 8 P. M. June 21, 1898. by P. Huonker, City Clerk,
for $10,0f0 5% park-improvement bonds. Securities are in
denomination of $1,000, dated June 1, 1898. Interest will be
payable March 1 and September 1, and the principal will ma­
ture $5,00 * September 1, 1918, and $5,000 September
1919.
Both principal and interest will be payable at the o f f i o f
the City Treasurer or at the Importers’ & Traders’ National
Bank, New York City, at the option o f the holder. Verbal
bids will be received at the hour of sale, which will take
place in the Council Chamber. Bonds are issued pursuant
with an A ct of the Legislature passed April 22, 1898, and
were authorized by ordinance passed May 3, 1898, by the City
Council.
. .
„
Sullivan County (M o.) School D istrict No. 3.—Bonds
Registered.—The State Auditor on June 4, 1898, registered
two $125 bonds, bearing date June l, 1898.
Summit, Miss.—Bids Rejected.—All bids were rejected on
June 7, 1898, for the $15,000 W water-works bonds. The o f­
fering will again be advertised. A description of the bonds
w ill be found in the C hronicle May 21, 1898, p. 1014.
Superior, W is.—Bond News—A resolution has passed the
City Council authorizing the city officials to extend the time
of payment of any of the sewer and street improvement
bonds, which are now due or which may become due on or
before July 2, 1898. The resolution provides for a reduction
o f the interest to 5Y, payable semi-annually. The time of pay­
ment under the resolution is extended to July 1,1908, subject
to call at any time.
__ |
Sycamore, Ohio.—Bond Sale.—The $20,000 5# water and
electric-light plant bonds have been sold at private sale to
the New First National Bank, of Columbus, O., at 103*379.

N E W LO A N S .

N E W LO A N S.
BOND C A L L :
T o the H o ld e r s o f the F u n d in g B o n d s o f

Yellowstone County, Mont.
Take Notice that the C ounty o f Y e llo w sto n e ,
M o n ta n a , will redeem and pay S rtl , 5 0 0 7# Fund­
ing Bonds o f said County, dated July 1,1887, num­
bers 1 to 63, inclusive, and 101 to 160, inclusive, within
thirty days from the date o f this Notice, to -w it: On
July 1, 1898, and that interest on said bonds will
cease on and after said July 1,1898.
Said bonds are herebv called for payment under
the terms o f the option therein contained.
Said bonds wili be paid at the National Bank o f
the Republic, New York, N. Y.
By Order o f the Board o f County Commissioners.
Dated B il l in g s , M o n t a n a , June l, 1898.
............. :
O. N. NEW MAN,
io n « a t i
Chairman Board o f Commissioners.
jSKAI j..
w b aEORGE<
■...........:
■ A ttest
S. F. M o rse , County Clerk.

Treasurer.

Notice to Bondholders.
To Whom it M ay C on cern :
N otice is hereby given that the City o f Colorado
Springs will on the first day o f July, A. D. 1898, at
T he Chemical National Bank o f New York City, New
York, or at the office o f the City Treasurer o f the
City o f Colorado Springs, Colorado, pay in full and
discharge ten (10) bonds o f one thousand ($1,000)
dollars each, numbered from one (1) to ten (10) in­
clusive, o f a series o f fifty (50) bonds o f the denom ­
ination o f one thousand ($1,000) dollars each, num­
bered from one (1) to fifty (50) inclusive, bearing
six (6) per cent interest, issued by the City o f Col­
orado Springs on the first day o f July, 1888,
maturing on the first day o f July, 1903, the
Cl*y o f Colorado Springs reserving the option to pay
said bonds or anr part thereof on the first day o f
July, 1898; said bonds being issued and known as
“ Sewer Construction Bonds,” and being sold in the
first instance to N. W . Harris & Co. o f Chicago,
Illinois.
The said bonds one (1) to ten (10) inclusive, which
said bonds the City o f Colorado Springs intends to
pay on the first day o f July, 1898, will cease to bear
interest after the first day o f July, 1898.
MOSES T. H A L E ,
City Treasurer o f the City o f Colorado Springs, C olorado.____________________________________________

WARRANTS.

Carefully selected, High-grade State, County, City
and Public School issues, maturing in 0 to 24 m onths
and earning 6 to 8 per cent our specialty.
R O B T . E . S T B A H O R N Sc C O .,
B s s lt a b le B u i l d i n g .
B oston. M a s s .




209

THE CHRONICLE.

J une 18, 1898, J

NEW

LO A N S.

S A LE O F BO NDS.
BOND C A L L :
\HE Hackensack Im provem ent Commission in­
sealed proposals fo r to e purchase o f eigh­
1 vite
State of South Dakota. teen
bonds aggregating Eleven Thousand ($11,000)
P i e r r e , S. D., June 1,1898.
N otice is hereby given that the following-described
Territorial (now State o f South Dakota) bonds are
called for payment on July 1, 1898, on and after
which date Interest will cease.
Five per cent bonds dated Mav 1,1887, Issued fo r
the Dakota R eform School at Plankinton, payable
May 1,1907, or at the option o f the Territory after
May 1,1897, numbered one (1) to sixty (60), both in­
clusive, five hundred dollars ($500) each.
Five per cent bonds dated May 1, I f 87, issued fo r
the D eaf Mute School at Sioux Falls, payable May 1,
1907, or at the option o f the Territory after May 1»
1897, numbered one (1) to forty-six (46), both in­
clusive, five hundred dollars ($500) each.
Five per cent bonds dated May 1,1887, issued fo r
the School o f Mines at Rapid City, payable May 1
1907, or at the option o f the Territory alter May 1,
1817, numbered one '1) to forty six (46), both in­
clusive, five hundred dollars ($500) each.
Four and on e-h alf per ceDt bonds dated May 1,
1887, issued fo r refunding six per cent bonds o f 1881,
payable May 1,1907, or at the option o f the Territory
after May i, 1897, numbered one (1; to one hundred
and two (102), both inclusive, five hundred dollars
($500) each.
The above-described bonds are issued by the Terri­
tory o f Dakota, and are payable to bearer at the
Chemical National Bank in the City o f New York.
K . G. P H IL L IP S,
Treasurer State o f South Dakota.

Investment Bonds
FOR

New York Savings Banks
and Trustees.
L IS T S

SENT

UPON

A P P L IC A T IO N

OF BOSTON A N D N EW YO RK
STOCK EXCHANGES.

m em bers

R. L. D A Y & CO .,
4 0 W a t e r S tr e e t. B o sto n .
1 B r o a d S tr e e t. N e w Y o r k .
W ANT

TO

BUY

OLD

IS S U E S

TEXAS

COUNTY AND CITY BONDS
ROSENBEllGER & LIYERMORE,
NUM BER F O R T Y

W ALL

S T ., N . Y .

uollars, which bonds are to be issued under pro­
visions o f an act entitled “ A n to provide fo r the as­
sessment and Dayment o f the costs and expenses inrcurred in constructing sewers and making other im urovements in townships and villages,” approved
March 12, 1878, and the supplements thereto, and
they are to be issued to m eet the expenses o f open­
ing, extending and grading New Street, Moore
Street, River Street, Camden Street, Salem Street
and Washington Avenue, in Hackensack, N. I.
The said bonds are o f the follow ing denominations
and payable as follows:
R i v e r St r e e t .
$800 payable in 1899.
$700 payable in 1900.
$700 payable in 1901.
Ca m d e n St r e e t .
$300 payable in 1890.
$800 payable in 1900.
$800 payable in 1901.
Sa l e m St r e e t
$300 payable in 1899.
$50o payable in 1900.
$500 payable in 1901.
M o or e St r e e t .
$800 payable in 1899.
$1,400 payable in 1900.
$1,400 payable in 1901.
WASHINGTON A V EN 0B .

$400 payable in 189V.
$700 payable in 190 .
$700 payable in 1901.
N e w St r e e t :
$100 payable in 18»9.
$30o payable in 1900.
$300 payable In 1901.
The bonds will he sold at par and bidding will be
upon the rate o f interest.
These bids will be opened at the Commission
Room s, Mercer Street, on Monday, the twentieth
day o f June, A . D. 1808, at 4:30 p. m., and each bid
must be accompanied b y a certified check to the
amount o f 5 per cent o f the par value o f the bonds
bid for, to tb e order o f the Hackensack Im prove­
m ent Commission, as a guaranty o f good faith on
the part o f the bidder.
The Commission reserves the right to reject any or
all bids.
Bids may be mailed to L . A. Campbell, Clerk, 76
Main Street, Hackensack, N. J.
By order o f the
Hackensack Im provem ent Commission.
M. E. CLARENDON,
A ttest:
President.
W . E. T A Y L O R , Secretary.
4243
BOND

CALL.

TOWN OF WADE, ILLINOIS.

On the first day o f July, 1898. at the American E x­
change National Bank in the City and State o f New
York, l will pay the follow ing six per cent bonds,
namely: Forty-seven bonds o f $500 each, issued by
the Town o f W ade, Jasper County, Illinois, num­
bered from one to forty-seven, both inclusive, dated
the first day o f May, 1887, due May 1st, 1907,with o p ­
tion o f payment after July 1st, 1897; payable to
bearer at the Am erican Exchange National Bank at
New York City. A ll interest on the above-described
bonds, aggregating $23,500, will cease on said date.
Signed.
J. W . W A K E F IE L D ,
Attest:
Supervisor o f Town o f W ade.
J. C. YAN DERH OOF,
Town Clerk.
C H R O N IB L E V O L U M E S F O R SA L H .
W ILLIAM B. D ANA COMPANY, 76)6 Pine St ftT

1210

THE CHRONICLE.

W W arrensburr (Mo.) School D istrict.—Bond Saie.—The
district has sold, at 100-545, $9,000 4%% 10-20-year school
bonds and $18,500 refunding bonds.
A W ashington County, Md.-B o n a Saie.—On June 14, 1898,
$50,000 4% 20 year refunding bonds were sold at auction to
numerous local investors at an average price of 105-165.
«i"^Ìono Offering —Proposals will be received prior to June
21, 1898, by the County Commissioners for $150,000 4% reSecurities will be issued in denominations
of $1*0, $500 and $1,000. Interest will be payable January 1
and July 1, and the principal will mature July 1, 1918.
Bonds are exempt from county and municipal taxation.
,, W ashington County, Me.—Bond Sale.—On June 13, 1898,
the $200,000 4% railroad-aid bonds were awarded to the Mer­
cantile Trust Co., Portland, at 100-875. Following are the
bids received :
Denison, Prior & Co., C leve...... 100*50 W ilson & Stephens, New Y o rk ...90*875
Farson. Leach & Co., New York. 100*31 Mason, Lewis & Co.. Boston
...98 70
Mercantile Trust Co.. Portland. 100-075 B. C. Stanwood & Co.. B osto n ... .98-785
Street, W ykes & Co., New York.100'125

Above bids were all rejected and the bonds were awarded
at private sale, as stated above. Bonds mature January 1,
1928, subject to call after Januarv 1, 1923. For farther de­
scription of bonds see C hronicle Jane 4, 1893, p. 1106.
W ayc'oss, Ga.—Bond Election.—An election will be held
July 9,1898, to vote on the question of issuing $50,000 6# 30year sewer bonds.
Wayne, Neb.—Bond Offering.—The State Auditor has
registered the $4,500 H
electric light bonds recently
authorized. Proposals for these bonds will be received until
7:30 p. m . June 27, 1898, by Everett Laughlin, City Clerk.
Securities are in denomination of $500, dated June 1, 1898.
Principal will mature June 1,1918, subject to call after June
W estbrook, Me.—Bonds Not^ Re-awarded.—It has been re­
ported in several papers that the city recentlv sold $24,000 4%
20 year refunding bonds to E. H. G-ay & Co., Boston. W e
are in receipt of a letter from Mr. C. S. Eastman, City Treas­
urer, stating that this report is wrong. These bonds were
awarded on April 16, 1898, to Woodbury & Moulton, Port­
land, at 103-29. as was stated in the C hronicle April 30,
1898, and Mr. Eastman says that the transfer has just been
completed with the Portland firm.

W inchester (111.) School D istrict No. 3.— Bond Sale —
On June 9, 1898, the $8,000 bonds were sold to N. W Harris
Chica&o» at 103 for 5 per cents. Principal matures
$800 yearly from 1899 to 1908, inclusive. Interest will be pay­
able annually in Winchester.
* J
W inchester, Mass.— Bond Offering.—Proposals will be re­
ceived until 7 p . M. June 20, 1898, by Thomas S. Spurr, Town
Treasurer, for $33,000 4% water-fund bonds and $14 000 4 i
h]ghvray bonis. The water fund bonds are in denomination
ofJl.OOO and mature $11,000 yearly on June 1 from 1926 to
¿Sg» mci usiv®- ^he highway bonds are in denomination of
$500, and mature $o,000 December 1 , 1 902, $2,000 December
1, 1903, and $7.000 December 1,1904. Interest will be oavable June 1 and December 1.
F J
W innebago City (T ow nship) Minn.—Bond Issue.—The
township will issue on July 1, 1898, $10.000 bonds, to bear
not more than 5% interest, for the purpose of refunding a
a i eDam?1i DtQ? f 7 P ^ ce“ fc® i8Sued J a ‘y 1, 1878, in aid of the
St. Paul & Sioux City Railroad.
W innetka (111.) School D istrict.— Bond Sale.—'The distn ct has awarded to N. W. Harris & Co., Chicago, $20,000
5# 5^-year (average) bonds at 105-045.
W oodbury, N. J.—Bonds Defeated.—At an election held
recently the question ot issuing bonds for a sewer system
was defeated by a very decisive majority.
W orcester, Mass. Temporally L o in —The city recentlv
negotiated two temporary loans in anticipation of the col­
lection of taxes, one for $75,000 and one for $50 000
Loans were both discounted at
and mature 100 day^
from date at the National Park Bank o f New York
Lifcy.
W orcester County, Mass.—Bond Offering.—Proposals will
be received until 1 p. m . June 21, 1898, by the County Com­
missioners for a loan of $320,000, authorized by Chapter 449
Laws o f 1897. Bonds or notes will be issued with interest
payable April 15 and October 15, in Boston or Worcester.
Principal will be payable yearly on October 15 as followsf l 5,000 m 1899 and 1900, $40,000 from 1901 to 1907 and $10,000
m lyUoi
Proposals will also be received for a temporary loan o f the
whole or any part of the above amount on 6 to 10 months’
notes.

NEW LOANS.

NEW LOANS.

BOND CALL.

N O T IC E T O H O L D E R S OK
PAUL & SIOUX CITY R R.
B IN D 8 OK T H E

ST.

B R ID G E

ADAM S & C O M P A N Y ,

1

0

, 0

0

4 H% B O N D S .
Descriptive Circular and Price on application.

BRIGGS, SMITH
-

CO..

&
C in cin n ati, O h io .

No. 7 Congress and 31 State Streets,
BOSTON

Municipal, Railroad,
Street Railway and Gas

BO N DS.
S y ra c u se , N . Y „ R a p id T r a n s it R ’ w ay 3 s .
1 NASSAU STREET.
- 421 CHESTNUT ST.

BO N D S.

DUKE M. FARSON, Banker,

Muuiolpal Bonds.




Government
M unicipal Bonds
a n d

BOUGHT AND SOLD.

A PPRAISEM EN TS M A D E OR QUOTATIONS
FURNISHED FOR T H E PURCHASE. S A L E . O R
EXCHANGE OF A B O V E SECURITIES.

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

•

31 N A S S A U
M

.

A

.

S T . fB a n k of C om m erce

Devitt

&

Bldg.)

C

o . ,

M UNICIPAL BONDS.

&

CO.,

*

CHICAGO.

BANKERS.
6 7 M ilk S tre e t, B o sto n ,
1 7 1 L a S a lle S tr e e t, C h icago,
OFFER FOR SALE
S to w e , V t ........................................
4«
Sertaiia, i t l o ...............................
tu .
T r in id a d , C o l. (G o ld )......................................... 3 b
L a k e County« In d ................................................¿ta
South O m ah a, Neb.............................................. 3a
N om en ce, 1 1 1 .............. ..........................................
B a n gor & A ro o sto o k R R . F ir s t M o r tg ...5 s
T he A k ro n G a « C o .. A k r o n . O ., 1 «t IHur.A*

Securities Netting from 3% to ti%
A L W A Y S ON H AND.
Send fo r our Investm ent Circular.

SONS,

&
1 9 M ilk S tr e e t, B o ston , M a s s .

F ir s t N a tio n a l B a n k B u ild in g s

MASON, LEWIS

D E A LER S IN

M U N IC IP A L

E. H. ROLLINS

BAN KERS,

Members o f Boston Stock Exchange.

ED W A R D C. JO N ES CO.

N E W YO RK ,
P H IL A D E L P H IA ,

Total issue $250,000.
Ftrst Mortgage at $14,000 per mile.
Net earnings fo r 28 m onths o f op« ration, $69,9$6 90
equivalent to 12* on the total issue o f bonds.
Population o f Los Angeles 103,079.
Send fo r full description o f property.

0

State of Ohio State University INVESTMENT BONDS,
3 5 E a s t T h ir d S tre e t,

1 s t M o rtg a g e 6 * 2 0 - y e a r G old B o n d s .

N. W. H A R R IS & C O ,

D E A L E R S IN
#

Los Angeles Ti action Oo.

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

BANKERS

BONDS.

$ 1 7 5 ,0 0 0

CO.

Public Notice is hereby given that the T ow n o f
Bonds, namely:
Joe Davis, in the State o f Minnesota, will, on
Thirty (30) bonds o f One Thousand Dollars ($1,000) the first day o f July, 1*98, at the office o f N. W Har­
each, Issued by the Town o f Bushnell, Illinois, num­ ris & Company, Bankers, in the City o f Chicago,
bered from 14 to 48, both inclusive; dated the first Illinois, and also in the City and State o f New York,
day o f June, 188«, due July 1st, 1K>8. with option ot pay and redeem at par and accrued interest its
payment after five years from date thereof, payable $&,600 o f seven per centum St. Paul & Sioux City RR.
AM ERICAN EXCHANGE NA- Bonds o f the Town o f Joe Davis, bearing
TIO N A L BAN K, at New York City; all interest on date July Ist, 1878, and that interest will cease to ac­
the above-described bonds, aggregating Thirty crue on said bonds after said Juiy 1st, 1898, so fixed
Thousand Dollars ($30,000), will cease on said date. fo r their payment and redemption.
By order o f the Town Board o f Supervisors o f the
J. C. C AD W A LA D E R,
Town o f Joe Davis, Faribault County, Minnesota.
Supervisor o f Town o f Bushnell,
„ „ ________
L . L. COUTIER,
M cDonough County, Illinois.
T. F. G A R R Y ,
Chairman.
A tte s t:
Clerk.
W . H , D a w s o n , Town Clerk.
Town o f Joe Davis, Faribault County, Minnesota,
June 7th, 1898.

FRANKLIN COUNTY, 0.,

a

IN VESTM EN TS.

The Town of Bushnel^ 111, TOWN OF JOE DAVIS,
O i t t " first day o f JU LY, 1898, at the CHASE
Fairibault Co., Minn.
N A TIO N A L B AN K , In the city and State o f New
York, I will pay the follow ing six per cent (61)

^ 1 2 0 ,0 0 0
5 PER CENT

fVOL. LXVI*

€.

MUNICIPAL BONDS.
C. S t a n w o o d & Co.
BANKERS,
121

Devonshire Street,
BOSTON.

T r o w b r id g e ,
M ac D onald
& N iv e r

C

o

.

M UN ICIPAL BONDS.
1st Nat. Bank Bldg.,

-

.

CHICAGO.

William E. Nichols,
15 W A L E S T R E E T ,

-

NEW Y O R K

MUNICIPAL WARRANTS.
8 END FOR

IST8

A

THE CHRONICLE

J unk 18, 1898. |

IX

Jnuestmetiis

in s u r a n c e .

financial.

Government, Municipal

O F F IC E O F T H E

on Georgia and Alabama Real Estate.

LOANS NEGOTIATED 7 AND 8*

and Railroad Bonds
BOUGHT AND SOLD.

W. Hampton Wade,

A T LA N T IC M UTUAL

A T T O R N E Y -A T -L A W ,

SAVANNAH,

I N S U R A N C E CO.

G E O R G IA .

Nine jeara practice In Alabama.
Six years in Georgia.

Descriptive Lists on Application.

C o rp oratio n L a w a S p e c ia lty .

C. H. W H I T E & CO.,
BANKERS,
3 1 N A S S A U S T .. N E W Y O R K .

PUBLIC SECURITIES
SUITABLE FOR

SAVINGS BANK AND TRUST
FUNDS.
LISTS MAILED ON APPLICATION.

Farson,

Leach

C H IC A G O .
1 0 0 D e arb o rn S t .

So

Co.

NEW YO R K
3 5 N a ssa u S t.

W IL S O N & ST E P H E N S ,
41 W A L L S T ., N. Y ., B U Y
A N D SELL O U T R IG H T OR
ON C O M M ISSIO N S T A N ­
D A R D RAILRO AD A N D
M U N IC IPAL BO N D S. U N ­
D ERLYIN G A N D S H O R T TIM E B O N D S FOR B A N K S
A N D IN S T IT U T IO N S A
SP E C IA L T Y . LISTS O F
OFFERINGS ON APPLI­
C A T IO N .

HIGH-CLASS

M U N IC IP A L BONDS
Bought and Sold.

WHANN& SCHLESINGER,
»

W ALL

STREET - NEW

YORK.

Blodget, M erritt 6c Co.,
B A N K E R S

16 Congress Street, Boston.
STATE. CITY & RAILROAD BONDS

Robert R. Lockett,
A U S T IN , T E X A S ,
A T T O R N E Y -A T -L A W .

Does a general practice in all tne higher courts of
Texas, and before the different departments of the
State Government. Bond, Insurance and Corpor­
ation litigation, Charters and corporate permits se­
cured. County and municipal bonds examined. Ir­
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 E Y -A T -L A W ,

Investments and Corporations.
Reference, First National Bank.

CO LU M BU S, O H IO .
Wheeler Bldg.




N e w Y o r k , January 2 1 ,1 8 98 .
The Trustees, in conformity with the Charter
of the Company, submit the following statemont of its affairs on the 31st of December,
1897:
Premiums on Marine Risks from
1st January, 1897, to 31st De­
cember, 1897............................. $2,844,038 61
P re m iu m s on Policies not
4
marked off 1st January, 1897. 1,047,955 31
Total Marine Premiums............ $3,891,993 92
Premiums marked off from 1st
January, 1897, to 31st Decem­
ber, 1897................................
$2,653,653 09
Losses paid during
the same period.$l,425,630 20
Returns of
Premiums
& Expen’s .$684,939 39

HIGH-GRADE
State, Municipal, County, School

B O N D S .
Legal investments for «avings Banks In New York
and all New England.

Rudoluh Kleybolte & Co.
BAN K E K S ,
3 5 and 3 7 N assau S tre e t, N ew Y o r k .
C in cin n ati.

P h ila d e lp h ia .

L IST S M A IL E D L r o N

A P P L IC A T IO N .

W. J. Hayes 6c Sons,
BAN KERS,

The Company has the follow­
DEALERS IN MUNICIPAL BONDS,
ing Assets, viz.:
Street Railway Bonds, and other high-grade In­
United States and City of New
vestments.
York Stock: City Banks and
BOSTON, MASS.,
C lev e la n d , O h la ,
other Stocks.................................... $7,330,895 00 ’ Exchange Place.
3 1 1 -3 1 3 Superior S t.
Loans secured by Stocks and
Gable Address. “ K E N N E T H .”
1,157,000 00
otherwise..........................................
Real Estate and Claims due the
Company, estimated at.................
1,121,500 00
Premium Notes and Bills Re­
ceivable.....................................
1,026,605 97
I s S t t . ' S t r « ? ' " 6’
BOSTON, MASS.
Cash in Bank.................................
286,42411

WM

Amount..................

$10,922,425 08

Six per cent interest on the outstanding cer­
tificates of profits will be paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the first of February, next.
The diminished income yielded on investments
in recent years may in the future render neces­
sary a reduced rate of interest on certificates.
The outstanding certificates of the issue of
1892 will be redeemed and paid to the holders
thereof, or their legal representatives, on and
after Tuesday, the first of February next, from
which date all interest thereon will cease. The
certificates to he produced at the time of pay­
ment, and canceled.
A dividend of Forty per cent is declared on
the net earned premiums of the Company for
the year ending 31st December, 1897, for which
certificates will he issued on and after Tues­
day, the third of May, next.
By order of the Board.

F R A N K L IN H A L L ,
Accountant,

Books audited. Examinations and investiga­
tions conducted with the utmost care
and efficiency.

A m erican E x p ress C o.
E stab lish ed . 1841.

C a p it a l, $18 ,0 00 ,0 00 .

65 BRO ADW AY.
Issues TRAVELERS CHEQUES imme­
diately available as funds everywhere.
Draws FOREIGN DRAFTS in Sterling,
Francs, Marks, and Money Orders,
on all parts o f the Commercial World.
Makes CABLE TRANSFERS o f money
to England and the Continent.
These facilities are obtainable at all
offices o f the Company.

SECURE BANK VAULTS.

J. H. CHAPMAN, Secretary.

TRUSTEES:
Gustav Amsinok,
Joseph Agostini,
Vernon H. Brown,
Waldron P. Brown,
William B. Boulton,
Francis M. Bacon,
Charles P. Burdett,
George Coppell,
Joseph H. Chapman,
James G. De Forest,
William Degroot,
William E. Dodge,
Everett Frazar,
Edward Floyd-Jones,
Horace Gray,
Anson W. Hard,
Clifford A. Hand,
William

Henry E. Hawley,
John D. Hewlett,
Charles D. Leverich,
Leander N. Lovell,
James Low,
W. H. H. Moore,
Charles H. Marshall,
George H. Macy,
Frederio A . Parsons,
George W. Quintard,
John L. Riker,
A. A. Raven,
N. Denton Smith,
Lawrence Turnure,
Paul L. Thebaud,
Christian de Thomsen,
Gustav H. Schwab,
H. Webb.

A. A. RAVEN, President.
F. A. PARSONS, Vice-Pres't.
CORNELIUS ELDERT, 2d Vice-ZPrePL
THEO. P. JOHNSON,yd Vice~Pre*L

GENUINE
WELDED CHROME STEEL AND IRON
Round and Flat Bars and 6-ply Plates and Angles
FOB SAFES. VAULTS. Ac
Cannot be 8awed, Cut or Drilled, and positivel
Burglar Proof.
CHROM E

STEEL

W ORKS,

Kent Ave.. Reap A Hooper Sts.
0>e Man’f ’ors'ln'the U. 8.

B R O O K L Y N . W. Y .

AJU-ICudeJZCc
ISAN14.13HD,
18

W ALL

ST R E E T , NEW

YORK.

E s ta b lis h e d 1 8 6 5 .

MEMBERS OF NEW YORK STOCK EXCHANGE
Allow Interest on deposits subject to sightSchpok
Buy and sell on commission stocks and b O s d M lt n M
for cash or on margin, and deal in

Investm ent Securities.
a . J. m o r s « . C h a s ID . M a r v i n ,

w

m

£k i d d im

THE CHRONICLE

X

[V ol . LXVI.

ïr u s t (Ctfmpanits.

Trust Company United States Trust Co.

Union

OF N E W Y O R K .

Noa. 4 6 Æ 4 7 W A L L S T R E E T ,

80 Broadway, New York.

C A P IT A L AND SU R PLUS,

C A P IT A L ,
BURPLUS,

$ 1 ,0 0 0 ,0 0 0
$ 6 ,2 1 3 ,0 0 0

-

-

AUTHORIZED TO ACT AS

Executor, Administrator, Guardian,
Receiver or Trustee,
AND IS

A. L E G A L D E PO SIT O R Y FOR MONEY.
ACTS AS TR USTEEOF MORTGAGES OF
CORPORATIONS and accepts the transfer agency
and registry of stocks.
ALLOWS INTEREST ON DEPOSITS, which may
he made at any time, and withdrawn on Are days’
notice, with interest for the whole time they remain
With the company.
For the convenience of depositors this company
•Iso opens CURRENT ACCOUNTS, subject, In ac­
cordance with Its rules, to check at sight, and allows
Interest upon the resulting daily balances. Such
•hecks pass through the Clearing House.
Attends specially to the
M ANAGEMENT OF R E A L ESTATE
and to the collection and remittance of rents.
It makes ample provision in its
* B U R G L A R A N D F IR E PROOF FAU LTS
(or the safe-keeping of securities placed in its cus­
tody, on which it collects and remits income.
EDWARD KING, President.
CORNELIUS D. WOOD,
i
JAMES H. OGILVIE,
> Vice-Presidents.
AUGUSTUS W. KELLEY, S
J. V. B. THAYER, Secretary.
B. R. MERRITT, Assistant Secretary.
C. O. RAWLINGS. Trust Officer.

New York Security &
Trust Company,
46 W ALL. ST R E E T, N E W Y O R K ,
C a p ita l, 6 1 ,0 0 0 ,0 0 0 ! S u rp lu s, $ 1 ,5 0 0 , 0 0 0

CHARLES 8. FAIRCHILD, President.
WM. L. STRONG, 1st Vice-Pres.
ABRAM M. HYATT, 2d Vice-Pres.
OSBORN W. BRIGHT, Secretary.
ZELAH VAN LOAN, Asst. Secretary.
Authorized to act as executor, trustee, adminlstra.
or, guardian, agent and receiver.
Receives deposits subject t>>sight drafts, allowing
nterest. A legal depository for court and trust
funds.
A designated depository for the reserve of State
banks. Accounts of banks and bankers solicited.
TRUSTEES.
Ç, S. Fairchild, M. C. D. Borden, James A. Blair,
W. H. Appleton, B. Aymar Sands, J.G. McCullough,
Wm. L. Strong, James J. Hill,
H. Hoagland,
W. F. Buckley, E. N. Gibbs,
J. W. Sterling,
8.G. Nelson,
F. R. Coudert,
H. Waiter Webb,
Edward Uhl,
James Stillman, John A McCall,
E. D. Randolph, F. W. Stearns,
AldaceF.Walker.

Rhode Island Hospital
Trust Company,
P R O V ID E N C E , R . I.
C a p it a l ... $ 1 , 0 0 0 . 0 0 0 I S u r p lu s ....$ 7 5 0 ,0 0 0

DIRECTORS,
Royal C. Taft,
Horatio N. Campbell,
Robt. H. I. Goddard, Robert Knight,
Geo. W.R.Matteson, John W. Danielson,
William D, Ely,
Herbert J. Wells,
Robert I. Gammell,
John C. Pegram,
William Binney,
Lyman B. Goff,
William B. Weeden, Eugene W. Mason,
Rowland Hazard,
Geo. Gordon King
Edward D. Pearce.
Rowland G. Hazard
Lucian Sharpe.
HERBERT J. WELLS, SAM’L R.DORRANC®
President.
Vice-President.
EDWARD S. CLARK,
WM. A. GAMWELI ,
Secretary
Assistant Secretary

The Union Trust Co.
716-717-719 CHEg tout St r e e t

P H IL A D E L P H IA , P A
Incorporât d 1882.
C A P IT A L ,

.

.

.

$ 1 ,0 0 0 ,0 0 0

'Transacts a General Trust and Safejleposlt Business
Acts as Transfer Agent, Registrar and Trustees
under corporation mortgages.
Collects and Remits Income at Reasonable Rates.
Solicits Accounts of Bankers and others.
Interest Allowed on Deposits.
President,
Vice-President.
J. SIMPSON AFRICA, THOMAS R. PATTON
2d Vice-President, GEORGE A. FLETCHER.
Treasurer and Secretary.
Trust Officer,
RICHARD S. EDWARDS. PERCY B. METZGER
DIRECTORS.
J. 8. Africa,
Joseph I. Keefe, Thos. R. Patton
Edward Bailey, Chas. A. Lagen, Edw. L. Perkins,
Geo. A. Fletcher, John P.McGratn, Wm. C. Stoever,
Thomas G.Hood, Francis E. Bond, J. W. Suppléé,
Wm. B. Irvins, Oscar R. Meyers. Joseph Thomas




B O S T O N , M ASS.

$ 11, 8 0 0 , 0 0 0 .
This Company is a legal depository for moneys
into Court, and is authorized to act as Guardian
5aid
'rustee or Executor.
IN T E R E S T

ALLOW ED

ON

D E P O S IT S

which may be made at any time and withdrawn
after five days’ notice, and will be entitled to inter­
est for the whole time they may remain with the
Company.
Executors, Administrators, or Trustees of Estates,
Religious and Benevolent Institutions, and individ­
uals, will find this Company a convenient depository
for money
JOHN A. STEWART, President,
D. WILLIS JAMES, Vice-President,
JAMES S. CLARK, 2d Vice-President,
HENRY L. THORNELL. Secretary,
LOUIS G. HAMPTON, Assist. Sec’y.
T R U S T E E »t

Samuel Sloan,
Charles S. Smith, W. Wald. Astor,
D. Willis James, Wm. Rockefeller,James Stillman,
John A. Stewart, Alexander E. Orr.John Claflin,
J. H. Rhoades, Wm. H. Macy, Jr.John J. Phelps,
Anson P. Stokes,Wm. D. Sloane, Daniel Lord,
John C. Brown, G. H. Schwab,
JohnS. Kennedy,
Edward Cooper, Frank Lyman, D. O. Mills,
W. B. Cutting, Geo. F. victor. Lewis C.Ledyard

CO N TIN EN TAL
T R U ST CO M PAN Y,
OF T H E

C IT Y

OF

NEW

YORK.

30 BROAD 8TREET.
C A P I T A L ................ .................... $ 5 0 0 ,0 0 0
S U R P L U S .................................... 3 5 0 ,0 0 0

OTTO T. BANNARD................................President
WILLIAM ALEXANDER SMITH... 1st Vice-Pres’t
GORDON MACDONALD...2d Vice-Pres’t and Sec’y
HENRY E. DABOLL................ Assistant Secretary
D esign ated by th e S u p rem e C o u rt ae a
D e p o sita ry fo r C o u rt M o n e y s.
In te r e st a llo w e d on D e p o s its .
E x e c u te s a l l T r u s ts .

TRUSTEES
William Jay,
Giraud Foster.
Alfred M. Hoyt,
Gordon Macdonald,
Rudolf E. F. Flinsch,
Gordon Nome,
Robert S. Holt,
A. Lanfear Norrie,
Oliver Harriman, Jr.,
William F. Cochran,
Wm. Alexander Smith,
Walter Jennings,
Robert Olyphant,
William A. Hazard
W. Seward Webb,
Frank H. Platt
Otto T. Bannard.
Trenor L. Park,
Oswald Sanderson,
Robert W. DeFo^es*
Joseph falker, Jr.

T

he

State
100

T

rust

C o.

BROADW AY.

C apital a n d Su rplu s,

-

OLD COLON Y
T R U ST C O M PAN Y.

$ 1 ,8 0 0 ,0 0 0

A c ts a s T ru s te e , R e g is t r a r . T ra n s fe r and
F isc a l A gen t of C o rp oratio n s, and a s E x ­
ecutor, A d m in istra to r, T ru s te e , G u ard ia n
and C om m ittee of E s ta te s . L e g a l D e p o si­
tory for C ourt and T r u s t F u n d s. T a k e s
f u ll ch arge o f R e a l and P erso n al E s ta te s .
In te r e st allo w e d on D e p o sits.

FRANCIS S. BANGS, President.
WM, A. NASH, Vice-President.
MAURICE 8. DECKER, Secretary.
H. M FRANCIS, Treasurer
H. B. BERRY, Trust Officer.
TRUSTEES.
Willis S. Paine,
Forrest H. Parker
Henry H. Cook,
Charles Scribner,
Walter S. Johnston, Charles L. Tiffany,
Joseph N. Hallock.
George W. White.
Edwin A. McAlpin,
Percival Knauth,
Andrew Mills,
Francis 8. Bangs.
William A. Nash,
Francis Lynde Stetson.
Geo. Foster Peabody, Thomas A. McIntyre.
J. D. Probst,
Edward E. Poor.
Henry Steers,
Anson G. McCook.
George W. Qulntard R. A. C. Smith,
Thos. F. Ryan.

C A P IT A L ,
.
.
.
$ 1 ,0 0 0 ,0 0 0
SURPLUS,
.
.
.
1 ,0 0 0 ,0 0 0
T ra n s a c ts a G e n e ra l B a n k in g B u sin e ss.
ALLOWS INTZHKST ON D AILY B A L A N O » SUBJECT
TO CHKCK
TRUSTS» UNDBB MORTGAGES. T R A N S H R A GBUT
REGISTRAR

BOARD OF DIRECTORS i
T. Jeflerson Coolidge, Jr., Président.
Oliver Ames,
Walter Hunnewell
C. W. Amory,
Samuel Carr,
B. P. Cheney,
Geo. Y. L. Meyer,
T. Jefferson Coolidge,
Laurence Minot.
Chas. E. Cotting,
Richard Olney,
Geo. F. Fabyan,
Henry R. Reed,
Geo. P. Gardner,
Nathaniel Thayer,
Henry 8. Howe,
Stephen M. Weld.
Henry C. Weston.
T. J efferson Coolidge , J r ., Président.
C. S. T uckerman , Vice-Pres’t and Treat.
Geo. P. Gar d n e r , Gordon A bbott ,
Francis R. Ha r t , Vice-Pretid
B. A. P h ippen , Secretarli and Aes’t Treat,
Joseph g . Stearns , Ast’t Secretami.

A M E R IC A N LOAN
-A N D —

T R U ST

C O M PA N Y ,

B O S T O N , M ASS.
C A P IT A L ,
SURPLUS,

.
.

.

.
.

.
.

.

$ 1 ,0 0 0 ,0 0 $
5 0 0 ,0 0 0

A legal depository of moneys paid Into Court and
for Administrators, Executors, Guardians
Trustees.
INTEREST ALLOWED ON DEPOSITS.
Trustees under Mortgages, Transfer Agents and
Registrars of Stock.
BOARD OF DIRECTORS.
Chas. Francis Adams, 2d. Samuel Little,
Oakes A. Ames,
S. E. Peabody,
Edwin F. Atkins,
Francis Peabody
Isaao T. Burr,
Albert A. Pope,
Samuel Carr,
N. W. Rice,
F. Gordon Dexter
R. B. Robbins,
David P. Kimball
W. B. Thomas.
8. ENDICOTT PEABODY, President.
N. W. JORDAN, Actuary.
B. A. COFFIN Treasurer

Maryland Trust Co.,
CORNER SOUTH

AND GERM AN STS.

BALTIMORE.
C A P I T A L . $ 1 .0 0 0 .0 0 0
S U R P L U S , $ 5 0 0 ,0 0 0 .

A LEGAL DEPOSITORY FOR COURT AND
TRUST FUNDS.
Acts as Financial Agent for States, Cities, Towns
Railroads and other Corporations. Transacts a gen­
eral trust business. Lends money on approved se­
curity. Allows Interest on special deposits. Acts
as Trustee under Mortgages, Assignments and
Deeds of Trust, as Agent for the Transfer or Regis­
tration of Stocks and Bonds, and for the payment Of
coupons interest and dividends.
J.WILLCOX BROWN, President
LLOYD L. JACKSON, First Vice-President
HENRY J. BOWDOIN, Second Vice-Proaldentf
J. BERNARD SCOTT, Secy. A Treas.
DIRECTORS
Wm. A. Marburg, Lloyd L.Jackson, JoshuaLevering,
Frank Brown,
H. A. Parr,
James Bond,
Alex. Brown,
Clayton C. Hall, J. D. Baker, *
H. J. Bowdotn, J. Wilcox Brown, John B. Garrett,
Leopold Strouse, B. N. Baker,
F, M. Thlertot,
Basil B. Gordon, Fred’k W. Wood, G. A.von Lingen,
Henry Walters, Andrew D.Jones Jos. E. Willard,
W. B. Brooks,Jr., W.H. Baldwin,jr J. A. Tompkins.

GUARDIAN
Missouri Kansas 6c Texat
Trust & Deposit Comoany,
Trust Co.,
BALTIMORE.

General Banking and Trust Business Becomes
Trustee under Mortgages or Deeds of Trust, Finan­
cial or Transfer Agent for States, Cities or Corpora­
tions, etc., etc. Pays interest on Deposits.
JOHN L. BLAKE, President^
WM. M. BYRN, Secretary and Treasurer.
DANIEL MILLER. JON. K. TAYLOR,Vice-Pres’ts.
Executive Committee: Wm. H. Bosley (JohnS.
Gittings & Co.), Chairman; Daniel Miller, Henry
C. Matthews, John L. Blake, Francis A. White,
Matthew C. Fenton, Basil B. Gordon.

Metropolitan Trust Co.
Of the City of New York.
3 7 and 3 9 W a l l S tre e t, N e w Y o r k .
P a id -u p c a p ita l............. ..................$ 1 , 0 0 0 , 0 0 0
S u r p lu s................................................... 1 ,0 0 0 ,0 0 0

Designated as a legal depositary by order of
Supreme Court. Receive deposits of money on In­
terest, act as fiscal or transfer aeent, or trustee for
corporations, and accept and execute any legal trusts
from persons or corporations, on as favorable terms
as other similar companies.
Bravton Ives, President. Fred’k D. Tappen,V.-Pres.
C. M. Jesup, 2d V.-Pres. Beverly Chew, Secretary.
Raymond J. Chatry. Assistant Secretary

7 th and W y a n d o tte S t s ,, K a n s a s O lty , M e .
1 N assa u S t., N .Y ., 4 0 0 C h estnut S t .,P h l l a .
1 9 4 W a s h in g to n S t „ B o sto n .
S ln g el t!3 8 i A m ste rd a m , H o lla n d .
D o r o th e e n -S tr a sse 5 4 B e r lin , G e rm an y ,
3 1 L om b a rd S tr e e t, L ondon, E ngland .
S an d th orq u a l 2 . ” H a m b u r g , G o r,
1 5 R u e dn L o u v r e , P a r is , F ra n e e .

C a p ita l................................................ $ 1 ,2 5 0 ,0 0 0

S u rp lu s and U ndivided P ro fits..

1 ,2 5 0 ,0 0 0

ARTHUR K. STILWELL, President.
Vloe-Presldents; J. MeD. Trimble, E. L. Martin
W . S. Taylor, Jaoqnes T. Nolthenlus.
A. C. Robinson Secretary; Wm. S. Taylor, Treas.
urer; Frank B. Wilcox, Assistant Treasurer; J, J.
Calrnes, Assistant Secretary; E. S. Mosher, Asst.
Secretary; Naih’l Norton, Asst Secretary; Trimble
A Braley, General Attorneys.
E xecu tes a G e n e ra l T r u s t B u sin ess.
A c ts a s T ru s te e , T r a n s fe r A g e n t or R e g is *
tra r lo r C o rp o ra tio n s.

A cts a s E x e cu to r , A d m in is tr a to r , G n a r d la g
o r T r u s te e o f E sta tes.
C o llects W e s te r n M o rtg a g e s.

T a k e s c h a r g e o f p ro p e r tie s , e o lle e tla s
R e n ts , p a y in g t a x e s , e tc., fo r
E a stern In v e s to r s .

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