Full text of Commercial and Financial Chronicle : June 25, 1898, Vol. 66, No. 1722

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Quotation-Supplement (Moni«© -Street RailwaySuppIement (puaita^ v
infestons Supplement ((M«^ State and City Supplement
[Entered according to Act of Congress, in tne year 1898, by the W il l ia m B. Dana Company, in the office of the Librarian of Oongreae.BBfiCE'

—■i...

....

...........—..l-iv..'..'

11

VOL. 66.

■ ..........

-1

.......

SATURDAY, JUNE 25, 1898.

NO. 1722.
Week endino June 18.

2 P te

© tr c c m id je .

altarino» at—

PUBLISHED WEEKLY.

1897.

Terms o f Subscription—Payable in Advance :

$
606.120.020
60.0I9.3-M)
11,075.861
13 817.712
8 967,8+:
l,9lt,31ft
1,119,816
»63,101
728 010
67 3,18:
841,000
701,157,705

New Y o r k ............
Philadelphia.........
Pittsburg................

For One Year............................................... .................................$10 00
For Six Months.......................... ..........................................
6 00 i Baltimore.............
European Subscription (including postage)............................ 12 00
B uffalo....................
European Subscription Six Months (including p o s ta g e ).....
7 00
W ashington ..........
Annual Subscription in London (including p o s t a g e )........ £2 10s. R ochester..............
Six Mos.
do.
do.
do.
. . . . A1 10s. Syraouse................ ,
Scranton.............
Above subscription includes—
W ilm ington...........
The Quotation supplement
I Street Railway Supplement
B ingham ton..........
The Investors’ Supplement
|State and City Supplement
T otal M id d le .....
Ail of which are furnished without extra charge to every subscriber B oston.............. .
o f the Commercial and Financial Chronicle.
Providence................
FUe covers holding six months’ issues or special file covers for Sup­ H artford ................ .
plements are sold at 50 oents ea ch ; postage on the same is 18 cents.
New H aven............

CLEARING HOUSE RETURNS.,
The follow ing table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day, June 25, have
been SI,188,760,002, against 51,269,684,043 last week and
$948,372,946 the corresponding week of last year.

New York.............................
Boston...................................
Philadelphia..........................
Baltimore...............................
Ohioago................ ................

Week Ending Tune 25.
1898.

1897.

Per Oent.

8637,105 559
78,432,464
63,759,728
12,839,858
85,118,392
22,054,034
5,400,295

$446,884,599
77,703,964
40,659,160
10,929,245
66,526,193
19,879,339
4,513,645

+20-2
+0*9
+15-2
+17-5
+27-9
+10-9
+19-6

«794,770,325
144,907,431

$673,156,145
116,297,418

+18-1
+24-7

Total all cities, 5 days....
All oities, 1 day............ .

«939,737,750
193,922,24d

«789,453,503
158,919,383

+190
+220

Total all oities for week..

«1,133.700,002

$948,372.946

+19 5

New Orleans.....—. . . . . . . —
Seven oities, 5 days.........
Other cities, 6 days...............

The full details o f clearings for the week covered by the
Above statement will be given next Saturday. W e oannot,
o f oourse, furnish them to-day, bank clearings being made
up by the various olearing houses at noon on Saturday, and
henoe In the above the last tw enty-four hours o f the week
have to be in all oases estimated, as we go to press Friday night.
W e present below our usual detailed figures for the pre­
vious week, covering the returns for the period ending with
Saturday noon, June 18, and the results for the corresponding
week in 1897,1896 and 1895 are also given. Contrasted with
the preceding week, there is an exoess in the aggregate ex­
changes o f about thirteen million dollars, hat at New York
alone the increase is fifteen and a-half millions. In compari­
son with the week o f 1897 the total for the whole country
shows an addition o f 21’2 per cent. Compared with the
week o f 1896 the current returns reoord a gain o f 24'0 per
cent, and the exoess over 1895 is 19*8 per cent. Outside o f
New York the gam over 1897 is 14-8 per oent. The exoess
over 1896 reaohes 18*5 per oent, and making comparison
with 1895 the gain is seen to be 13'8 per oent.




2,281

S p rin gfield ............
W orcester........... .

Terms o f A dvertisin g.—(P e r Inch Space.)

Transient matter................. $3 50 |Three Months (13 times)..$25 00 P ortland ................
standing business cards.
Six Months
(26 “ ).. 43 00 Fall R iv e r.............
L o w e ll...................
Two Months
(8 times).. 18 00 |Twelve Months (52 “ ).. 58 00 New
B ed ford ........
L o n d o n A g en ts:
T otal New Eng..
Messrs. Edwards & Smith, 1 Drapers’ Gardens, E. O., will take sub­
..........
scriptions and advertisements, and supply single ooples of the paper Ohioago.........
C incinnati..............
at Is. each.
D e tro it.....................
C leveland................
W I L L I A M B . D A N A C O M P A N Y , P u b lis lie r s ,
Milwaukee.............
O olu m b u i...............
P i n e S tr e e t, C o r n e r o f P e a r l S tre e t,
In d ia n a p o lis..........
Post Office Box 958.
N E W Y O R K . P eoria......................

Cl e a r in g s .
.Returns by Telegraph,.

884,287.299

T oled o......................
Grand R apids.......
D ayton......... . . . . . . .
L e x in g to n ...............
Kalam azoo..............
A k ro n .......................
Bay C ity...........
R ook ford .................
Springfield, O h io ,..
Canton............ .......
Youngstown*..........
B vansvlll e* ....•••• •
T ot. Mid. W est’r .

109,100,938

7.87» .«O'

6,2:0.66
3 600,00

1,739 9 '2

262.>-2

t
d i i 812,916
7« 672+00
16,419 985
11 018 737
4,085 042
1.877 22«
1 611,811
1,199,661
778,01#
696 849
146 loO
738 113.692

98 896.287
6,508 300
2,i 11 04«
l,4o5 327
1.254,716
1,371,68«
1,86 >.. 4«
761,02«
7«0 ,lld
48",098
111,487.113

—4*6
—8 4
—lo-«
+ 2-7
+88
+10 5
-1 «
—12*
—1 4
-0 7
—4-7

81.652,051
4 855.900
2 251.157
1,350.662
1.204.063
1.416,951
1,286 683
7l e 705
594 6' «
404,768
95,788,118

88 829 810
6 768 7< 0
2 088 e o i
1 366 506
1,103 288
1,366,205

81.886 480
12 994,7t,0
6,618 627
6,958 717
4.174,040
3,1-0 8 «
2.¡>27 284
1 162.14«
1.622 460
7 49, L 4
602,07«
261.72«
260 824
294,73«
181 812
199,160
146,230
206 4*3

+31 9
4*o 8
+23 4
4-32 2
+264
+ |0 1
+7 1
+72
+14 3
+-36 !
+21 1
+9 «
+21*4
— 1-7
+43-3
+340
+22 9
+12 8

87.721.931
11,647,0; C
6.798.815
6.55, 063
1.121.91*
8.748.70«
2,012 312
1.163 065
1.27S.83«
713 87«
698, 81
202,9*7
290. -86
206 00«
26*.161
214.16«
189 9 ,5
190,161

89.887 26#

121,691866

+ 20-8
+19-9
+26 7
•$■73 7
+41*8
+13*1
+140*2
+*7 3
+13 1
+01 5
+95*7
+29*7

12.902,521
1,600.953
970 617
989,467
57«,9 46
631,201
767.352
£93 122
2 6 400
88,078
19,670,364

11.613, 08
1,121400
1.08 074
1,048 668
6&6 476
604 848

+13*7
+48 0

».S *» 062
6,237,765
11*1,349
4.704.978
2,803, *82
601.187
1,092,419
89»,702
408.099
274,293
440.87
334 419
62.720
70 397
81,326.783

9 535 313
6,72.3.830
3.033 236
4 017,41#
8,958,288

666,861
1,03 i ,186
1,256.902
772,708
20 ',033
__ 103,2*6
24.698,986

Kansas C ity...........
M inneapolis............
Omaha............... .
St. P aul..................
D e n v e r....................
D avenport........
St. Joseph .............
Des M oines.............
Slonx C ity...............
L in co ln ....................
W ich ita ...................
T opeka.....................
F rem ont..................
H astings............. .
T ot. o th er W est

10,789 419
8.156,487
6.197.411
4,2 0 358
2.826.086
616,996
8.1cl,499
1,176,000
711,08»
817,769
43*,486
168,777
81.208
114,884
89.894,918

9 115,»’’ 2
6,714, 78
1 502.097
8.076.817
2,608 5»8
670.3 6
1,200 318
849,051
620,289
271-,666
118,809
122,44
63,191
81,972
29,966,117

St. L o u is........ .
New O rleans..........
L ouisville................
G alveston................
H o u s t o n ............
Savannah................
R ichm ond...............
M em p h is...............
A tlanta............ .
N ashville... .........
N orfolk....................
Fort W orth ........... .
A ugusta...................
Birmingham ...........
K n oxville...............
L ittle R ock............
Jackson ville..........
Chattanooga..........
M acon.....................
T otal S outhern..
T otal a ll.............
Outside N. Y ork
M ontreal................
T o r o n to ..................
H a lifa x......... ........
W innipeg................
H a m ilt o n ...... . . . .
S t.J o h n ...................
T otal C an ad a ....

6.709.904

2,805 8 6
1,103.611
867, 61
960,000
612 883
118,622

577.681
286,123
208.509
871.8 4
416 000
68,021,539

30.800,510
6,143 265
6 140,898
1,6*8.850
2,060,409
1,652.281
1,980,808
1,40 «,167
1.006.761
843,829
7tl,«7 3
709,709
629,942
880,251
495,08*
261,268
223 781
268.420
43-,000
67,919,435

1.269,684,013 1.047,483,187
606,250.817
18 759.926
8.447.980
1,112,24»
1,799,072
682,774
671 428
26.866,428'

* N ot included in totals.

1896,

+26-Í
+2u*«
•+29 S
+41 2
—1«
+13
+18 1
+ m
+219
+ 11 «
-0 7
+25 5

13 238,68 «
1.82 .778
1,018.148
963 729
600,000
419,174
680,396
681,382
125,701
52,779
18,968,921

1,8660»1

1890
*
696,778.01«
65.577.892
11 167,169
18,105,093
1.6 ¡0 731
1.98 ,651
1,460.603
1,0 1.705
791.609
644,250
280 700
7c0.600.201

San Franolsoo........
Salt Lake C ity.......
P ortland..................
Los A ngeles...........
H elena...................
T acom a....................
Seattle.....................
S p o k a n e .... . . . . . . . .
Fargo........................
Slonx F alls.............
Total P aolflo.......

1 «68,787
1,76-« 632

1898.
P . ce n t.

+86 6
+8*4
-4 8
+141*1
+30-3
+14 0
+24»
—1 0
+8*0
+27*9
+89 6
+31*6
—10*3
+92
+16*7
+36b
+15 8
—7*1
+101
-21*7
+13 3
+18*6
+ ! « '£
+217
+16 7
+ 10*1
+10*7
+108

—68

+1» 9
-6 * 6
+02

401 142
98 278,535

791104

187.804

128,210.601 T è i , * 37,278

884 624
126.880
67 880
10,960,278

1.Ì67.955
933,30«
422 970
311.030
466 618
68.3.106
64 863
00 400
80.828,10#

22.706.915
0,894,8«9
6.87B.901
1,64» 860
1.614.640
1,859 849
2,130.549
1,179.814
»30.197
T79.3 0
»15,8:8
636.650
175,000
351,510
111,107
801.583
278,764
198,266

21.946,680
7,811 778
6 244.228
1,796,770
1 985,496
1510,145
8.280.7 21
1,290 052
1,086,840
700,166
988.634
694 »2#
40« .00#
460,808

48,884,162

40 019,72$

808.913
264,009
281 26«

+21*2 1,023,960,419 1 ORO.797,661

Ill,0o8,567

+14*«

427.182,40»

444,924 01#

13,717.275
6.867 150
1,060.000
1,3^0,909
513,130
534,9 7
21.059,801

+0 8
+23*2
+6*0
+32*6
+25*6
+ ,*4
+9 6

10.422,289
6.155 452
1.103.271
955,903
651.848
660,0 >0
19,898 763

12,220 494
6 301 280
1.400 0 :0
829,341
780,934
2* 642.07 «

1212

THE CHRONICLE.

[ V oju. »..JtVl,

terests of the farming classes, for the failure of an
attempt to establish abnormally high prices invariably
THE FINANCIAL SITUATION
results in a drop to abnormally low prices, from which
There have been no very important new develop­ recovery is in the nature of things slow. The favor­
ments the past week as far as the general situation is able feature on this occasion is that the collapse oc­
concerned. The lower range of values ruling for curred before our new crop had come on the market
wheat has tended to induce a feeling of quietness on and begun to accumulate at the great centres. In
the Stock Exchange, under which the volume of trans­ other words, aside from the Leiter holdings there are
actions keeps small. But this has not prevented up­ no exceptional accumulations likely to weigh down the
ward movements in special stocks nor firmness in the market.
The issue of the Baltimore & Ohio reorganization
general list, and it is evident that the under­
tone remains strong even if for the time being plan is a reminder that we are about nearing the end
there is a disinclination to buy freely.
As far of the long period of receiverships and reorganizations
as the war with Spain is concerned, the week’s which the railroad world has had to contend
There are a few small
events have all met expectations. Gen. Shatter has against in recent years.
successfully landed his army -of 16,000 men on Cuban embarrassed properties left to be placed on their
soil near Santiago de Cuba, and there have been feet, such as the Columbus Hocking Valley & T o­
skirmishes with the Spaniards in that vicinity all ledo, the Wisconsin Central, &c., but all the larger
week. A force of Cuban insurgents appears to be co­ companies have been lifted out of their difficul­
operating with the Americans, and according to latest ties through reorganization. We have only to re­
advices the combined forces are pressing on towards fer to the case of the Atchison, the Reading, the
Santiago. As the naval operations at that point were Erie, the Union Pacific, the Northern Pacific, the
so long held in check awaiting the arrival of the Norfolk & Western, the Central of Georgia, &c., to
troops, it is evident that progress now will be rapid, show how formidable the list was at one time. Hap­
and that the fall of Santiago is only a question of pily that period is now behind us, and our railroads
time. This accomplished, the first important stage in are now on a new and, it is to be hoped, a more endur­
the movement' on Cuba will have been successfully ing basis of prosperity.
The restoration to solvency of the B. & 0 ., the last
passed.
The course of the wheat market is being very of the larger concerns, will be a particularly gratifying
closely watched in view of its bearing on the pros­ event because of its far-reaching importance. In the
perity of the farming classes and also on the outlook first place the road is a prominent trunk line, and as
for the Western roads in the immediate future. The a competitor it is more desirable to have it on a sol­
The reason is
sudden great change in the price of the cereal has vent than on an insolvent basis.
taken many by surprise, and there is a disposition to that railroads controlled by courts and receivers are
think that it materially alters prospects in the West. necessarily beyond the pale of influences that
For the moment the course of prices remains irregu­ appeal to the managers of roads who are operating
lar.
This is natural and was, indeed, inevitable. them for the owners. Then also the property rep­
After the great shock that the market has resents a large mass of securities which remain
experienced it could not be expected that in a depreciated state while the finances are
things would get into a settled state very in a tangled state. The reorganization will re­
quickly., Besides this, the uncertainty regarding the move the discredit attaching to these securities
Leiter holdings is necessarily a disturbing influence. Finally, the effect of the operation will be
The price further declined sharply the early part of beneficial abroad, where a part of the securities is
the week, but since then there has been partial recov­ held. The embarrassment of the property, when it
ery, and the tone has become steadier. Taking the occurred, made a very bad impression in Europe,
July option as a basis, the close here yesterday was at since the company had been looked upon as belonging
79 cents, against 81f cents on Friday of last week. to the stauncher class of railroad properties, With the
We desire to repeat what we said last week, that even road once more on a sound footing, under terms and
at this apparently low figure, the farmer will be get­ conditions that seem fair and equitable, the securities
ting more for his wheat than he was receiving at this will no doubt be again looked upon with favor on the
time in previous years; in 1897 the July option on the other side.
The Lake Shore & Michigan Southern has raised its
corresponding date commanded only 75£ cents, in
semi-annual
dividend from 3 per cent to 3£ per cent.
1896 but 62f cents.
At what figure the producer will actually be able to The event is of more importance to the New York
dispose of his crop of course no one can tell. Crop Central than it is to the individual-shareholders of the
accounts continue good, and the yield promises to be Lake Shore, for the Central at the latest accounts
very abundant, but despite that fact our wheat had acquired (through exchange of its bonds
raisers ought to obtain a very fair price for their for the same) $44,883,712 out -of the $50,000,product. This seems a fair conclusion, considering 000 capital stock of the company. In making the ex­
that the world, taken as a whole, has had two suc­ change the company gave $200 in 3^ per cent bonds for
cessive deficient yields, and that as a consequence every $100 of Lake Shore stock. Hence the Lake
reserves and supplies must necessarily be down to a Shore must pay 7 per cent in order that the Central
very low basis. Under ordinary circumstances there may be recouped in full for the interest paid by it on
could be no doubt that such a situation would ensure the new bonds. It' is only proper to say, however,
good prices to our farmers. The uncertain point now that the increase in the dividend would have come in
is, how far the Leiter operations have introduced a any event. It follows directly as the result of the
disturbing influence which is likely to prevent the saving effected in interest through the company’ !
realization of this hope. As pointed out last week, refunding operations. As a consequence of this sav­
such operations are always ^detrimental to the in- ing the call for interest for the six months of 1898




J une 25, 1898.]

s

THE CHRONICLE.

was only $1,410,000, against $1,680,000 for the six
months of 1897. This difference of $270,000 is alone
«equal to more than one-half per cent extra on the
«tock. Of course if the company chose, it could un­
dertake to pay even more than 7 per cent per annum.
Doubtless, too, the amalgamation of the road with the
Central will allow of the elimination of many items of
expenses previously incurred. On the old basis the
income statement shows 3 ’65 per cent earned for the
stock in the half-year of 1898, against 2*91 per cent
in the half-year of 1897.
The principal topic under discussion among stock
and exchange and money brokers this week has been
the probable effect upon these branches of business of
the new taxes imposed by the War Revenue measure.
Though the Secretary of the Treasury has requested
Congress to postpone the date for the imposition of
these taxes from July 1 to July 15, because it will be
difficult, if not almost impossible, to prepare and
distribute
all the
necessary stamps by the
first-named date, the refusal of the Finance
Committee of the Senate to accede to this re­
quest makes it imperative that the law shall
be enforced, though
somewhat imperfectly, on
July 1. Therefore whatever changes are made neces­
sary in the method of transacting business in stocks,
exchange or money must be promptly decided upon.
Under the Acts of 1862 and 1864 stamps were required
on sales of stocks and exchange and on the various
forms of loans of money, but comparatively few of
those who are now engaged in business remember how
these burdens were adjusted and how they were
borne.
Comparisons of the old with the new system
o f -'«stamp taxes show many important differ­
ences, and a strict construction of the law
would doubtless call for the imposition of some
very onerous burdeus. It is felt, however, that those
tax requirements which appear most severe will be
liberally construed by the administrators of the law,
and that there will be less friction in its enforcement
v than now seems likely. The Stock Exchange Govern­
ing Committee has, after a careful examination of the
law, made such regulations as will enable the members
of the organization easily to conform to its pro­
visions, and the official ruling is made that after
July 1 all deliveries for sales of stocks must
be accompanied by a sales ticket stamped in
accordance with the new law. So far as regards the
tax upon loans on stock collateral the banks from
which such loans are obtained are likely to modify
their rules so as to impose a minimum of burden upon
borrowers. The foreign exchange houses have had
under consideration those provisions of the law which
relate to this branch of business, and at a conference
yesterday (Ehfiday) they agreed upon a uniform rule
for drawing and selling exchange, adding the cost of
the stamps to the price of the bill.
It is believed that the delay in supplying
stamps will not interfere with the operation of the
law. The Commissioner of Internal Revenue is em ­
powered by the general statutes to make such regula­
tions as may be necessary for the enforcement of the
law, and, in the absence of stamps, he will probably
make other arrangements for collecting the tax.
Besides this, the Secretary of the Treasury has de­
cided to authorize the use of postage stamps, tem­
porarily, until revenue stamps of similar denomina­
tions can be issued.




1213

There continues to be a good demand for the new
loan and all the indications point to a large over­
subscription. The returns received at Washington
from the various Sub-Treasuries and other agencies
have been so numerous that it is felt that the popular
subscriptions will absorb a very large portion of the
issue, if not the entire amount.
The Treasury is
gaining gold from the proceeds of the bonds already
taken by small subscribers.
Money on call, representing bankers* balances, has
loaned at 1 and 1£ per cent, with the bulk of the busi­
ness and comparatively large offerings at 1^, and the
average for the week .has. been at about this rate.
Banks and trust companies quote
per cent as the
minimum, some, however, obtaining 2. There is
very little doing in time loans, and rates ajre 2£ per
cent for thirtv to sixty days, 3 for ninety days to four
months, and 3@3£ for six months or for longer dates
on good Stock Exchange collateral. There is not
much increase in the offerings of commercial paper,
while the demand is good for choice names, especially
from trust companies, and brokers report a fair
amount of business. Rates are unchanged at 3@3£
per cent for sixty to ninety-day endorsed bills receiv­
able, 3£@4 for prime and 4|@5£ for good four to six
months single names.
There has been no feature of importance either in
the European political or the financial' situation this
week. The Bank of England minimum rate of dis­
count remains unchanged at 3 per cent. The cable
reports discounts of sixty to ninety-day bank bills in
London l i @ l $ per cent. The open market rate at
Paris is I f and at Berlin and Frankfort it is 3 f per cent.
According to our special cable from London, tne
Bank of England gained £334,006 bullion during this
week, and held £38,490,133 at the close of the week.
Our correspondent further advises us that the gain
was due to the reoeipt of £288,000 from the interior
of Great Britain, to imports of £148,000 (£95,000'
bfdng from Australia, £7,000 from China, £6,000 from
Portugal and £40,000 bought in the open market),
and to £102,000 sold in the open market.
The foreign exchange market has been dull and it
was generally heavy early this week, mainly influenced
by the light demand, which was confined chiefly to
spot transactions. There was little disposition to buy
or to sell for future delivery, and the inquiry for re­
mittance for July coupons and for settlements seemed
to have been satisfied. As above noted, an agreement
has been reached regarding the method of treating
the new tax, and it has been decided to add the cost
of the stamps to the price of the bill. The opinion
expressed by bankers is that the tax will tend
greatly to restrict such investment operations as
were the feature of the market early in the year,
for the reason that the tax will be imposed upon
the hypothecated long sterling as well as upon the
short sterling, for which the maturing bill would be
exchanged, and as collateral notes are required for
the loan there would be an additional tax. These
taxes would so greatly increase the cost of the
bills as to
either wholly
extinguish or ma­
terially reduce the profits of
an investment
operation. After the tax law shall become operative,
business in exchange will be adjusted to the
new conditions ; but for the present the transactions
are likely to be limited. An advance.in nominal rates
on Monday by the Bank of British North America and
by Lazard Freres made uniform quotations by all the

1214

THE CHRONICLE

principal drawers at 4 85 for sixty-day and 4 86£ for
sight, and they so remained thereafter. The mar­
ket was dull and the tone steady, without any change
in rates for actual business compared with those at
the close on Friday of last week. On Tuesday the tone
was easy in the absence of demand, and rales for actual
business were reduced one-quarter of a cent, to 4 83f
@ 4 84 for long, 4 85£@4 85£ for short and 4 85£@
4 85f for cable transfers.
There was no further
change on the following day or on Thursday, though
then the market was a shade firmer. On Friday rates
for actual business were advanced one-quarter of a
cent, to. 4 84@4 84J for long, 4 85|@4 85f for short
and 4 85 f@ 4 86 for cable transfers, and the market
was firm at the close. The following shows the daily
posted rates for exchange by some of the leading
drawers.
DAILY POSTED KATES FOR FOREIGN EXCHANGE.
Fr i ,
M o n .. t u b s .. W i t . . T h itb .. Fri ..
June 17. June 20. June 21. June 22. J une 23. June 2i
66
86
85
85
85
86
Brown Bros...... - { g ^ f * ;
86«
86«
86«
86«
86«
86«
Baring,
( 60 days.
86
85
85
86
85
85
Magoun & Co.. ( Sight....
ee«
86«
86«
86«
86«
86«
Bank British
( 60 days.
84«
85
85
85
86
85
No. A m erica. . ( Sight....
86
86«
86«
86«
86«
86«
Bank o f
( 60 days.
86
85
85
85
85
85
M on treal........ ( S ight....
86«
86«
86«
86«
86«
86«
Canadian Bank ( 60 days.
65
85
86
85
85
85
Of Commerce.. ( Sight.... 8 0 «
86«
86«
86«
86«
86«
Heidelbach, Ick- ( 60 days.
85
85
86
85
85
85
elheimer & Co. ( Sight....
83«
86«
86«
86«
86«
86«
81«
85
86
85
86
85
Laiard F reres... j
86
86«
86«
86«
86«
8««
Merchants’ Bk. (60 days.
85
85
85
85
85
86
of Canada........(B ig h t....
86«
86«
86«
86«
86«
86«

The market closed firm on Friday, with rates for
actual business 4 84@4 84£ for long, 4 85£@4 85f for
short and 4 85f @ 4 86 for cable transfers ; prime com­
mercial 4 83j@ 4 83f and documentary 4 8 2 f@ 4 83.
Cotton for payment, 4 82|@4 83 ; cotton for accept­
ance, 4 83|@4.83|, and grain for payment, 4 82f<$
4 83.
The following statement gives the week's movement
01 money to and from the interior by the New York
banks.
Week Ending June 21,1898.

Received by

Shipped by

N et Interior

V, 7. Banks. N. Y. Banks.
Movement.
Currency... . . . . . . . . . ...................... . $5,351,000 $1,603,000 Gain.$3,748,000
Bold.................................................
832,000
428,000 Gain. 404,000
Total gold and legal tenders..... $6,183,000 $2,031,000 Gain.$4,162,000

With the Sub-Treasury operations the result is as
follows.
Week Ending June 24,1898.

Into
Banks.

Out o f
Banks.

Net Change in
Bank Holdings.

Banks’interior movement, as above $6,183,000 $2,031,000 Gain.$i,152,000
18,200,000 17,200,000 Gain. 1,000,000
Total gold and legal tenders...... $24,383,000 $19,281.000 Gain. $5,152,000

The following table indicates the amount of bullion
in the principal European banks this week and at the
corresponding date last year.
June 23,1898.
Bank of

F ra n ce....
Germany *...,
Russia . . . . . . .
A ust.-H ung’y
Spain............
I t a l y ..............
N etherlands.
Nat.Betgium*

Gold.
£
38,490,133
75,386,538
29,100,000
111,839,000
34,889,000
9,834.000
15,100,000
2.865,000
2,933,000

Silver.

June 24, 1897.
Total.

£
38,490,133
49,498,120 124,784,053
14,991,000 41,091,000
4,459,000 116,328,000
12,607,000 47,476,000
4,314,000 14,148,000
1,921,000 17,021,000
7,001.000 9,866,000
1,466,000 4,399,000
£

Gold.

| Silver.

£
|
£
36,004,009 ...............
80,245,454 49,814,036
SI,045,000 15,993,000
91,817,000| 4,341,000
35,338,000| 12,657,000
8,879.000 10,450.000
15,140,000 2,199,000
2,631,000 •7,039 000
2,791,000 1,397,000

lotal.
£
30,0.¡4,009
129.559,540
47,038/00
96,158.000
47,985,000
19,329,000
17,839,000
9,070,000
4,191,000

Tot.this week 320.293,686 96,257,120 410,553,783 304,493,403 103390088 407,833,549
T ot. prev. w ’k 317.535.595 95,399,’.09 412,934,704 303,754,331 103809880 407,564,191

* The division (between gold and silver) given in our table of coin
and bullion in the Bant of Germany and the Bank of Belgium is made
from the best estimate we are able to obtain; in neither case is it
olaimed to be accurate, as those banks make no distinction in their
weekly returns, merely reporting the total gold and silver, but we be lieve the division we make is a close approximation.
Note .—We receive the foregoing results weekly by cable, and while
not all o f the date given at the head of the column, they are the re­
turns issued nearest to that date—that is the latest reported figures.




[VOL. LXVT.

WAR SPIRIT AND NATIONAL
CONSERVATISM.
Ex-President Cleveland's speech at Lawrenceville,
N. J., last Wednesday on the dangers of the move­
ment for territorial expansion was particularly note­
worthy because it said bluntly and emphatically what
a very large part of our public men arq growing timid
or reluctant to say. It has long been a recognized and
perfectly natural phenomenon of politics that if a war
became popular, the idea of conquest as a result of
war would presently be even more popular. Success­
ful war, during the whole of ancient and modern his­
tory, meant first, war in which the enemy was de­
feated, but second, war which resulted in acquisition
of territory. So fixed is this sequence of ideas in the
human mind that the phrase, “ a barren victory," has
very generally been applied to wars which left the
victorious State precisely where it was before, so far
as territorial holdings were concerned.
It is not at all surprising, therefore, that this Spanish
war, which part of our people approved at the start
for humanitarian reasons, and part as a retribution for
the Maine disaster, should now, as a consequence of
our naval victories, be applauded in many quarters as
the opening of a wholly new career for the United
States. Such a change in popular motive was prob­
able even in the event of a campaign confined to the
West Indies. It was quite inevitable after the victory
at Manila. As all competent observers pointed out at
the time, a totally new situation was created by that
victory; a new set of problems arose, which had been
neither argued nor contemplated in the original war
discussion. From the argument that we should have
to keep the Philippines through force of circum^
stances followed the corollary that we must now strip
Spain of all her colonial possessions and retain them
for ourselves. From this, in turn, arose the still more
daring argument that the nation's destiny now pointed
out a career of colonial acquisition in which it
should compete with the older European States.
An appeal of this sort found ready listeners when
the efficiency of our navy, the medium of colonial
conquest, had been strikingly demonstrated, when the
most powerful colonizing State was seeking our a Hi
ance, and when other governments were either care­
fully expressing friendliness or showing their recogni­
tion of the fact that a formidable rival had entered
the field. As we look back from to-day's popular
beliefs and popular discussions regarding the legiti­
mate mission of our Government, to those of only
three months ago, the contrast is so striking that a
hasty observer might imagine the nation to have lived
through a generation in the interval. Y et the exper­
ience is so far from unusual that it may safely be
called the inevitable second stage in the development
of “ war spirit."
But whether an appeal to floating popular sentiment
at such a juncture is an altogether safe appeal is an­
other question.
It is argued, by as conservative an
authority as ex-Secretary Olney, that we hav& out­
lived what he describes as the “ policy of isolation;"
that, in short, a long immunity from war had en­
couraged a partial neglect both of duties and of op­
portunities in connection with the outside world. If
this be true, we have been rudely enough awakened
from our lethargy. But it would hardly follow that
in the first excitement of popular reaction, the extreme
views of an altered national career must be adopted

J üne 25. 1898. J

THE CHRONICLE.

offhand by our Government and people. On the con­
trary, such theories ought to be all the more
cautiously weighed and tested, simply because
they are the product of reaction, stimulated by
the unwonted excitement of a successful war.
A time when sober and conservative judgment is largely
overborne by exultant feelings of national pride and
national triumph is not always or often the time
which produces the soundest views of the future. It
is precisely such psychological moments which have
been seized by ambitious leaders to hurry a State into
an utterly false and dangerous career. The United
States is in no danger of a Napoleon ; its people have
a reserve of common sense which usually guards them
against even a rash experiment on their own account.
It has been their habit to let the excitement of an hour
pass before committing themselves to a radically
altered policy—a practice which is embedded in our
traditions quite as visibly as in our Constitution. It
is, however, to this very practice which appeal ought
to be urgently made to-day. The present situation is
in many ways a complete novelty in our national
history, and the conservatism of a people, at such
junctures, is often obtained only through the con­
servative action and utterances of trusted leaders.
This is a situation which fully justifies such warn­
ings as those of Mr. Cleveland, and their utterance at
this time accords very properly with the traditions of
a public career whose distinguishing marks were its
instinct of timeliness in public warnings and its dis­
regard of what seemed at the moment to be an over­
whelming popular tendency to reject sober words of
advice. The fact that Mr. Cleveland himself outlined
the policy which, pursued by his successor, has led to
a forcible demonstration against the .Spanish misgovernment of Cuba gives him a peculiar right to speak
at this time.
Mr.-Cleveland s Warning, [first against enthusiasm
over war for its own sake, and, second, against the
abandonment of our work of interior development
for the deliberate purpose of foreign expansion,
touches the real root of the existing problem. These
elements in current public opinion are both peculiarly
dangerous because the necessities of the hour give
them not only a wide hearing but a prima-facie ap­
pearance of reasonableness. When once a nation is
at war, the instincts of national honor and national
pride unite all citizens in supporting and applauding
their country’s successful campaigns. The necessary
moves of such a war may and usually will confront a
nation with territorial problems foreign to its tradi­
tions and precedents; they, too, will be faced cour­
ageously. But the danger is that from approving the
conduct and achievements of one war, the people may
shift their basis to approval of the general policy of
war, and that from recognition of what one war may
have made inevitable, they may assume that the pol­
icy of an emergency ought to become the policy form­
ally adopted for the future. European history is full
of illustrations of this tendency. It is only necessaryto recall some recent public addresses, in and out of
Oongress, to understand how much need there is for a
timely and emphatic warning to our own people on
the question.
We have no lack of conservative public men to
follow the lead of Mr. Cleveland and do their part in
restraining the dangerous tendencies of the situation.
Some of them, notably the venerable Senator Morrill,
have spoken out boldly at Washington. Others would




1215

—---- ■ - ■
" '
' -----probably have spoken but for a feeling that the war is
popular, and that therefore any utterance which can
be construed into disapproval of the war, or of its
results, would be unpopular. But to say this is only
to say that the highest qualities of statesmanship are
called for, and that this is the very moment for their
exhibition. The difference in character and useful­
ness between a public man who tells the people in the
hour of their enthusiasm that they are wrong,
and the statesman who watches floating popular
opinion in order so to follow it that he
may be thought to be its leader, is the most familiar
and radical distinction in politics. We do not doubt
that there are many public leaders who conscientiously
believe in a career of colonial conquest and expansion,
not only during but after this Spanish war, as the
proper mission of the United States. They have a
right to be heard. But there are quite as many others
who believe that so complete and sudden a change in
our national policy and purposes would be an exceed­
ingly rash experiment. They have no right to be
silent. Certainly it would be something unprece­
dented in our history, and out of joint with all our
traditions, if two or three brilliant achievements of
our navy should lead, without thorough and unim­
passioned discussion, to the complete reversal of the
past policy of our nation.,
It has been very truly said that the American people
and Government possess a peculiar adaptability which
enables them to adjust themselves to any novel emer­
gency which may arise in the progress of the nation.
The Union showed its possession of such qualities
when it absorbed the new Western and Southern ter­
ritory into its own national domain, and it showed it
again under the very exacting test of the Civil War.
It will, we believe, exhibit the same useful quality in
the novel problems which can hardly fail to confront
us, both in the Philippines and in the West Indies. It
is quite possible that the force of circumstances will
compel the Government to take some steps beyond
the principles and traditions of its earlier history. But
such forward steps ought to be taken, as they have
been on every past occasion of the sort, only as a re­
sult of mature and serious deliberation. Such delib­
eration can only be assured by the full discussion o f
both sides of the question, and it is none too soon for
the arguments of conservatism to be presented.

THE BALTIMORE & OHIO REORGANIZA­
TION PLAN
The Baltimore & Ohio Reorganization plan, which
has been expected for some time, has been launched
this week, and with every prospect of success. Almost
simultaneously with the issue of the plan we have re­
ceived from the company’s office a statement (sent in
reply to our request) showing the estimated gross
earnings for May and the actual gross and net for
April, being in each case the latest figures obtainable.
The May return indicates an increase in gross earnings
of $400,222 over the same month last year, or nearly
20 per cent. The April return records a gain in gross
in amount of $472,268, or not far from 24 per cent,
while in the net the improvement reaches $362,477,
or considerably more than 100 per cent—the net this
year for April being $685,047, against only $322,570
for the corresponding month in 1897. For the ten
months of the fiscal year, to April 30, the improve­
ment in the net is $1,403,227, or, roughly, 33 per cent,
the amount of the net being $6,166,779, against but

1216

THE CHRONICLE.

$4,763,552 in the Btme tea months of the preceding
fiscal year.
We cite these results simply to show that the time
has arrived when a rehabilitation of the company can
be undertaken with advantage. The property has
been well managed under the receivers. Its condition
has been greatly improved, and the benefits are now
being reaped of the wise policy pursued in that re­
spect. This appears plainly from the fact that the
revenues of the system are steadily and decidedly in­
creasing at a time when those of some competing lines
are improving only in a very small way. The course
of the banking and financial interests, too, in having
deferred the attempt at reorganization long enough
to determine what the property could do under capa­
ble and efficient administration, is also to be com­
mended. They hare in this way been able to gain a
pretty accurate idea of the earning capacity and pros­
pects of the property, and hence are now able to pro­
ceed on sure ground. Obviously, too, it was possible
to compass other objects by proceeding with care and
deliberation. For instance, it was to be desired that
the support of all the leading interests should be
secured for any scheme that might be devised.
This, it is plain, has been effectually accomplished.
Indeed, it may be said that the unanimity of sup­
port and endorsement which' has been secured for the
plan is its most noteworthy feature. By this we do not
mean merely the agreement ion the part of the strong­
est and best financial houses on the Street, united as a
syndicate, to guarantee the raising of an exception­
ally large amount of money to meet the. cash require­
ments of the plan, but the strong approval expressed
o f the terms and provisions of the plan. Since the
company became embarrassed, various committees have
been formed to protect the interests of different classes
o f bondholders, and these committees all unite in rec­
ommending acceptance of the plan. In several in­
stances these committees are composed of the parties
who originally floated or negotiated the bonds, and are
hence directly interested in seeing that such issues are
protected to the full extent of their rights. All these
parties make public announcement (by advertise­
ments printed in all the papers) that they think the
plan fair and equitable, and that the security
holders will promote their interests by subscribing
assent to it and depositing their bonds. Messrs.
Speyer & Co., Hew York, and Speyer Brothers, Lon­
don, recommend acceptance by the holders of the B.
& 0 . 5 per cent bonds, loan of 1885; Yermilye & Co.
tell the holders of Akron & Chicago Junction 5 per
cent bonds that they think the »terms offered to such
bonds are “ favorable;” Brown, Shipley & Co. advise
the prompt acceptance of the plan on the part of the
B. & 0 . 4£ per cent first mortgage Terminal gold
bonds of 1894 and of the 5 per cent first mortgage gold
bonds of the Baltimore Belt lin e ; J. P. Morgan & Co.,
addressing the holders of Parkersburg Branch bonds,
gay that in their opinion the plan “ fully recognizes
the rights” of those bonds; and J. P. Morgan & Co.,
Brown Brothers & Co. and Baring, Magoun & Co., and
J. S. Morgan & Co., Brown, Shipley & Co. and Baring
Brothers & Co. of London, jointly declare that the
plan fully recognizes the rights of the consolidated 5
per cent mortgage bonds.
With such a strong backing at the start, the suc­
cessful carrying out of the plan seems assured in
advance. But the plan possesses some other note­
worthy characteristics. One of these is found in the




[VOL. LX'VI,

fact that it provides for the issue of Prior Lien bond®
bearing only 3£ per cent interest. We think this is^
the first time that the attempt has been made in any
reorganization to put out underlying bonds at so low
a rate. Indeed 3£ per cent bonds in the case of thestaunchest of railroad properties, with the best o f
credit, date back only a little more than a year,
to the time when the Lake Shore refunding
bonds were put out. But the fact that the reorganiza­
tion managers have ventured on so low a rate is in it­
self significant, as showing the confidence felt by them
in the value and desirability of this issue. The pres­
ent authorized issue of these Prior Lien 3£ per cent
bonds is $70,000,000. They are not a lien on the en­
tire property of the system, but cover over a thousand
miles (1,017*40 miles) of the best and choicest parts
of the system. A table prepared by the Reorganiza­
tion Committee shows that in the year ending June
30 1897 the lines on which the bonds are to have a
first lien earned net $3,618,397., while the annual
charge at 3£ per cent on the $70,000,000 Prior Lien
will be only $2,450,000, leaving a surplus in excess o f
the requirement of $1,168,000. And the year 1896-7,
it will be remembered, was one of considerable busi­
ness depression.
The plan is very simple in its outlines. It provides
for two main issues of bonds (the $70,000,000 of prior
lien 3£ per cents and the $63,000,000 of first mort­
gage 4 per cents), and two main issues of stock,
namely $40,000,000 of new preferred and $35,000,000
of new common stock. With these new securities it
is intended to take up the whole of the existing issues,
of bonds and stock. A basis of exchange is provided
for all the present obligations, none of them being
left undisturbed, not even the earlier liens. The In­
ducement held out to make the exchange is that an
increased amount of new securities will be given in
place of the existing issues, $1,000 to $1,500 of new
obligations being offered in return for $1,000 of the old,
securities.
The allotment seems to be carefully
graded to accord with the priority and equities o f
the old bonds in each case. The earlier liens gener­
ally get the bulk of their allotment in new Prior Lien
3£ per cents, while the bonds ranking next in order
get mainly new 1st first mortgage bonds, and the
subordinate liens are granted allotments chiefly in
stock. It is a peculiarity of the new 1st mortgage
for $63,000,000 that it gets a distinct first lien on
570 miles of road not covered by the Prior Lien 3£
per cents, besides a second lien on the 1,017 miles
covered by the $70,000,000 Prior Lien issue. These
570 miles include both the Philadelphia and
Chicago divisions, besides the Akron Division,
the Wooster Branch, and the Fairmount Morgan­
town & Pittsburg, and the object in giving this lien
to the new 1st mortgage is that the holders shall have
substantially the same lien that they now possess, the
bonds going mainly to the holders of obligations on
those divisions.
The leased lines (Central Ohio, &c.) are not dealt
with in the plan. An adjustment with them is to be
provided after hearing from the holders, the idea
being to consider each class separately on its merits.
In calculating the charges, therefore, the rentals of
these lines are taken on the old basis. The outside
properties, like the Pittsburg & Western, are not
mentioned at all. But no doubt the B. & O /s interest
in them will be carefully protected. The com m on.
stock is to pay an assessment of 20 per cent, ge sting

J une 25. 1898. |

1217

THE CHRONICLE

General con­
in re burn 20 per cent in new preferred stock, besides The explanation is, simple enough.
100 per cent in new common stock. The second pre­ ditions were favorable but the rate situation was
ferred is also to pay 20 per cent assessment, and will unsatisfactory.
The gross earnings form the best criterion for study;
receive 150 per cent in new common, besides the 20
per cent in new preferred. The first preferred will and here we find that on the Lake Shore the increase
have to pay only 2 per cent in cash, and will receive over last year (the figures being of course partly esti­
52*50 per cent of new preferred and 75*00 per cent of mated) is $597,931, or 6^ per cent; on the Michigan
new common. Control of the new property is to be Central $418,000, or 6£ per cent. These ratios aremuch below the average of increase shown by the rail­
vested for five years in a voting trust.
The objects of the plan are stated to be (a) the re­ roads of the United States, our table for the five months
duction of the fixed charges to a limit safely within to May 31 recording over 15 per cent gain. In the
the net earning capacity of the reorganized proper­ net earnings the increase in case of the Lake Shore is
ties ; (b) adequate capital for present and future re­ only $94,767, in the case of the Michigan Central but
quirements ; (c) the payment of the floating debt and $3,000. To these latter, standing by themselves, we
provision for existing car trust obligations; and (d) should not, ordinarily, be inclined to attribute any
the preservation of the integrity of the system as far special importance. It has long been the policy of
as that can be advantageously accomplished. As to the both roads to take advantage of any gain in gross rev­
reduction in fixed charges, the amount of these charges enues, to augment the outlays for repairs and im­
under the old company was $7,771,111; those of the new provements, usually to the extent of swelling operating
company will be only $6,252,351, the rentals of leased expenses sufficiently to offset the increase in gross re­
lines being figured the same as before. The saving ceipts. In this instance, however, it is safe enough to
will thus be over 1£ million dollars. As against the conclude that the small expansion in the net, like the
$6,252,35 L of annual charges, the net earnings in the limited expansion in the gross, is in the main indica­
year ending June 30 1896, including miscellaneous tive of a demoralized rate situation, under which a large
income, were $7,330,359, and in 1896-7, which was a additional amount of business was done at little or no
year of great depression, $6,593,990. For the current profit.
There are many things which go to confirm this
fiscal year ending June 30 1898 they are estimated
conclusion.
The volume of traffic, it is almost need­
at $7,975,785, though from this latter it is stated
less
to
siy,
must
have been large. General business,
$251,000 must be deducted, representing the decrease
it
is
true,
suffered
somewhat of a check by reason of
in miscellaneous income to be occasioned by the sale
the
outbreak
of
the
war ; but at any rate trade was in
of securities (presumably chiefly Western Union stock)
a
much
greater
state
of activity than in this period of
and the cancellation of sinking fund investments.
With reference to the provision for extinguishing six months in 1897, when our industries were f still
the floating debt, retiring car trust obligations and a much depressed. A t the same time the grain traffic
supplying money for improvements,&c., it is only neces­ of the trunk lines must have been very heavy, as the
sary to say that the plan contemplates the raising of movement of grain to the seaboard for exportno less than $36,092,500 in cash. Of this, $3,500,000 was of large proportions. Contemporaneously the
is to be obtained from the sale of securities in the agricultural sections were experiencing great pros­
company’ s treasury (Western Union stock) and $32,- perity, leading to a large return movement in
and general freight arising out.
592,500 is to be provided by the syndicate, this latter merchandise
including the cash assessment to be paid on the stock, of the increased purchases of supplies and goods
Furthermore iron pro­
for which the syndicate will be responsible. The syn­ by the farming sections.
duction
was
of
unusual
proportions,
and this is a fac­
dicate is to purchase for cash $9,000,000 of the new
tor
of
considerable
importance
in
the
traffic of the
Prior Lien 3£ per cents, $12,450,000 of new 1st mort­
Lake
Shore.
On
the
other
hand,
rates,
as
we all know,
gage bonds and $16,450,000 of new preferred stock.
were
badly
demoralized—
more
so
probably
than ever
As concerns the provision for future capital needs, the
previously,
except
at
a
time
of
actual
war
between
the
new company is to have the right to issue after January
roads.
In
many
cases
freight,
particularly
provisions
1 1902 $5,000,000 additional Prior Lien bonds at the
rate of $1,000,000 a year, for enlargements, betterments and grain east-bound, was taken at figures at which
and additions. Besides this, the new 1st mortgage 4s there could have been no profit, if there was not
may be increased from $63,000,000 to $90,000,000, at actually a loss. We annex a comparison of the Mich-*
the rate of $1,500,000 per year for the first four years igan Central figures for the first six months of each
after the organization of the company, and at the rate year back to 1880.
M IC H IG A N C E N T R A L A N D C A N A D A SO U T H ER N .
o f $1,000,000 a year thereafter. Out of the $63,000,000,
To
To
Interest
moreover, of these 1st mortgage bonds provided at the Jan. 1 Gross Operating N et
Surplus. Michigan Canada
and
Expenses
to
outset, $7,000,000 will remain as a reserve for the new J'ne 30. Earnings and Taxes. Earnings Rentals.
Central. Southern.
company, and there will likewise be a reserve of
$
$
$
$
$
$
$
.............
$5,000,000 of preferred stock for the use of the new 1880.... 6,506,000 4,089,000 2,417,000 1,044,000 1,373.000
588 OOO
company. Apparently, therefore, liberal provision
826,000
313,009
2,149,000
1,210,000
939,000
1883.... 6,740,000 4,591,000
has been made for both the present and the future.
71,333
35,607
107,000
1884.... 5,603,50 i 4.216,500 1,387,000 1,280,000

THE VANDERBILT WESTERN ROADS.
The half-yearly statements of tile Vanderbilt West­
ern roads (namely the Lake Shore & Michigan South­
ern and the Michigan Central) do not disclose any
new or noteworthy features. The final result shows
an improvement over the outcome in the correspond­
ing six months of 1897, but the improvement is small.




1885....
1886....
1887....
1888...
1889....
1890....J
1891....
1892....
1893....
1894__
1895....
1896....
1897....
1898- .

4,973,000
5,436,000
6,361,000
6,535,000
6,233,000
6,843,000
6,965,000
7,642.000
7,550,000
6.169,000
6,200,000
6,630,000
6,554,000
6,972 000 i

3,886,000
3,952,000
4,511,000
4,725,000
4,424,000
4,968,000
5,135,000
5,732,000
5,785,000
4,429.000
4,470,009
4,9< 4,000
4,805,000
5.220.010

1,087,000
1,484,000
1,850,000
1,810,000
1,809,000
1,875,000
1,830,000
1.910.000
1,765.000
1,740,000
1,730,000
1 716.i'00
1,749,00
1.752.000

1.320,000 d f 233,000
1,290,000
194,00 >
574,000
1,278,000
550,000
1,260,000
549,000
1,260,000
653,000
1,222,000
600,000
1,230,000
710,000
1,290,000
565,000
1,200,000
640,000
1,200,000
630,000
1,200.000
516,000
1,200,000
543,000
1,206,000
1,212.000
540.000

146,360
404,000
391,000
393,000
472,000
443,000
526,000
403.000
388,000
382,000
3*5,000
891,000
390 OOU

47,640
170,000
159,000
156,000
181,000
157,000
184,000
162,000
152,000
148,009
141,000
152,009
150,009

1218

THE CHRONICLE.

We should not omit notice of the fact that the Lake
Shore has increased its semi-annual dividend from 3
per cent to
per cent, raising the stock from a 6 per
cent to a 7 per cent basis. But this possesses no sig­
nificance except that it shows that the road is begin­
ning to reap the benefit of the refunding opera­
tions carried out last year.
By reference to
’the figures below it will he observed
that
!the fixed charges for the six months of 1898
'•were $270,000 less than those for the six months of
1896, equal to over one-half of one per cent on Lake
Shore stock. It should also be remembered that an
increase in the dividend to 7 per cent per annum
was foreshadowed by the terms of exchange un­
tier the amalgamation with the New York Cen­
tral.
By these terms $200 of 3£ per cent
"bonds was given for $100 of Lake Shore stock,
■which is thus equivalent to 7 per cent on
the Lake Shore stock. While speaking on the sub­
ject, we may note that in a statement just made to the
Stock Exchange by the company, it is reported that
out of $50,000,000 Lake Shore stock, $44,883,712 have
been exchanged thus far. In the Michigan Central
case $12,748,300 out of $18,738,000 has been ex­
changed. The following is a comparison of the halfyearly income results for the Lake Shore back to 1871.

[VOL. L XV I.

stand that the company carried 3,000,000 tons more
freight and 1,000,000 more passengers than in 1896-7.
The larger business of course involved heavier
expenses, and at the same time, as already stated,
there was an extraordinary outlay of $800,000 incurred
in the purchase of new equipment. This will account
for the fact that expenses increased altogether $1,778,000 over the year preceding. The gain in the gross
having been, however, $2,195,000, this still left
an improvement of $417,000 in the net, which
is reported at $15,049,000 for 1897-8, against $14,632,000 for 1896-7.
The final result has also
been favorably affected by the saving in interest ac­
complished through the refunding of the company's
debt. Of course the full saving to be established in
this way does not appear in the year's accounts, but at
all events the fixed charges proved $246,000 less than
in the previous twelve months. The combined effect
of these operations is to leave, as already noted, a sur­
plus above the 4 per cent dividends of $715,000 in
1897-8, against only $51,867 in 1896-7.
In view of the demoralization in rates which has
existed, it will be no surprise to hear that a feature of
the year's operations is the low average rate realized.
It is estimated that this average will figure out only
6 J mills per ton per mile for the entire traffic of the
L A K E SH O R E & M IC H IG A N S O U T H E R N .
system, low-priced and high-priced. This is a decline of
over 10 per cent in a single year, the average for the pre­
Interest
Operating
Gross
N et
Sv/rplus.
and
-Jan. 1 to June 30.
Earnings. Expenses Earnings.
ceding twelve months having been 6*8 mills. On the
Rentals.
and Taxes.
basis of the tonnage movement one mile in 1896-7, the
$
$
$
$
$
7,019,612 4,518,994 2,500,618 1,006,000 1,494,618 decline in the average represents a loss in revenues from
1871.................................
8,464,179 5,668,817 2,795,362 1.020.0C0 1,775,362
1873.................................
which
9,797,649 6,947,819 2,849,830 1,3«7,000 1,622,830 that cause of over 2£ million dollars, from
1873..................................
8,651,504 5,610,238 3,041,266 1,504,000 1,537,266
1 87 4 ...............................
one
can
judge
of
its
importance
on
the
welfare
of the
6,930,427 5,589,507 1,330,920 1,405,000 def.74,080
1875.................................
6,887,300 4,681,144 2,206,156 1,380,000
826,156 road.
1876................................
Since 1893-4 (only four years ago) the average
6,161,167 4,788,120 1,673,047 1,387,800
285,247
1877...... ...........................
6,596,092 4,169,573 2,426,519 l,3r,9,000 1,067,519 has dropped from 7*4 mills to 6 J mills, representing
1878...................... ........
1,377,300
2,597,074
6,932,292
4,335,218
1,219,774 a loss of profits (on the basis of the tonnage movement
1879........................... ..
9,072,993 4,683,784 4,389,209 1,375,001
3,014,209
1880.................................
8,954,926 5,285,164 3,669,762 1,362,000 2,307,762 of 1896-7) of close to five million dollars, equal to 5 per
1881.................................
7,952,721 5,359,676 2,593,045 1,516,949 1,076,' 96
1883................................
In other words, had
9,219,171 5,722,967 3,496,204 1,749,403 1,746,801 cent on the company's stock.
1883.................................
7,220,365 4,491,290 2,729,075 1,880,8*5
868,740 the rates of only four years ago been realized, there
1884.................................
6,487,654 4,688,116 1,899,538 1,933,728 def.34,190
1885.................................
6,933,682 4,485,985 2,447,697 1,856,490
1886.................................
591,207 would be available that much in addition to the 4 per
8,644,336 5,068,138 3,576,198 1,830,000
1,746,198
1887 ................................
cent now paid.
8,667,889 5,384,222 3,283,667 1,804,307 1,479,360
1888........ ........................
8,829,696 5,944,721 2,884,9.6 1,711,625 1,173,850
1889.................................
This pronounced downward trend in the course o f
1890.................................. 9,923,850 6,958,559 2,965,291 1,656,926 1,278,365
1891.................................
9,550,047 6,609 009 2,941038 1,680,000 1,281,038 rates has impressed upon railroad managers every­
1893................................. 10,678,656 7,417,890 3,260,766 1,680,000 1,580,766 where the necessity of economy in operations.
In the
1893................................. 11,816,5'0 8,378,670 3,437,910 1,680,000 1,757,910
1894.................................
9,396,328 6,195,086 3,201,242 1,680,000 1,521,242 case of the New York
Central it is quite su­
1895........... .....................
9,6t*3,993 6,432,277 3,231,716 1,680,000 1,551,716
to say that the officials have been
1896................................. 10,125,860 6,929,238 3,196,652 1,680,000 1,516,652 perfluous
1897.................................
9,660,851 6,441,166 3,119,685 1,680,000 1,439,685 bending all their energies to that end.
The pro­
3,214,452 1,410,000
1,804,462
1898*................................ 10,155,7*2 6,944,33
cess has been carried on in numberless ways. As one
■* Results for June partly estimated.
small illustration, the transfer of the West Shore
FA VORABLE RESULTS ON NEW YORK
shops at Frankfort, near Utica, to Depew, where all
CENTRAL.
repairs for the Western end of the system (on the
T h e New York Central has issued its preliminary Central, the West Shore and the Rome Watertown &
statement of earnings (in part estimated) for the Ogdensburg) are now carried on, has effected a sub­
•quarter ending June 30, and the figures attract atten­ stantial saving in expenses. The p'ast year the efforts
tion by reason of the circumstance that with that of the management, which previously had been con­
quarter we have the results for the year complete. centrated on the road-bed, have been directed to
T h e fact which stands out most prominently is that bringing up the equipment.
th e final result shows for the twelve months a surplus
As another means to the same end—we mean to ­
c f $715,000 above the 4 per cent dividends paid, wards operating the road with increased economy—
against a surplus of only $51,867 for the preceding the radical action taken the past year in amalgamat­
■fiscal year, and this, too, after charging to expenses ing the Central with the Lake Shore and the Michi­
$800,000 spent for new equipment.
gan Central must not be overlooked. Through such
The gross earnings amounted to $46,475,000, at amalgamation a harmonious whole is made out of
which figure they are the largest in the history of the the three properties, with a single head, each part
company, with the exception only of those for 1893, helping the other parts, and this, it is con­
the year of the World's Fair, when the total was a fidently expected, will tell for the good in the
little larger, amounting then to $46,936,693. As com­ future operation of the property. The Lake Shore
pared with the year preceding, the increase in these and the Michigan Central have of course long been
.grosa revenues is- roughly, $2,195,000. We under­ owned by the san?^: "Berests, but the operation of the




J une 25 1898, |

THE CHRONICLE.

respective properties has been distinct, and there was
no compulsion on the part of the management of the
Lake Shore, for instance, to ship traffic over the Cen­
tral when by sending it by some other route (say the
Lackawanna or the Lehigh Valley) a larger percent­
age of the rate received might go to the Lake
Shore, and thus swell the earnings of that line. TJnder
the consolidation of course the situation will be
changed. The part to be played by this new feature,
and by the reduction in fixed charges (which, as al­
ready intimated, will be more marked in the fiscal year
about to open), are considerations that should not be
overlooked in any attempt to forecast the future of
the Central.

atfjetavgf©ammtxtivd%nQ\isU^vos
[From o o r own correspondent.]

1219

increase of £1,360,000, or nearly %% per cent. The increase
in the imports is entirely due to the higher prices o f wheat
and flour, while the falling off in the exports it mainly the
result of the smaller purchases by the United States.
The Directors of the Bank of England made no change in
their rate of discount on Thursday, although the discount
rate in the open market is only about 1% per cent and the»
rates for short loans are considerably less. Probably theDirectors thought that a reduction to 2% per cent would n ot
bring them in more business, and it may be, likewise, th a t
they feared a return of political apprehension under the manyunfavorable influences now existing. The Bank is still re­
ceiving some gold, but not much, and the shipments of g o ld
are small likewise. As has been frequently observed in thi®
correspondence already, the complete change in the condition!
of the money market has been immediately brought about b y
the action of the Japanese Government, which has paid o u t
unexpectedly large sums from the indemnity received iron*
China. Previously, the Japanese Government had left it»
money under the control o f the Bank of England. Now it i®
using it in all sorts of ways—partly in payment for ships and
munitions of war, and partly in investing. The result is that
the market has completely broken away. But over and
above the action of the Japanese Government is the fact,
that the political anxieties prevent all traders from engaging
in new enterprise. There is unusually little demand fo r
banking accommodation, and consequently rates áre steadily
falling away.
The India Council continues to sell its drafts very well. I t
offered for tender on Wednesday 40 lacs, but at the open
sales it refused all offers under Is. 3 29 39d. per rupee, a t
which price it sold a little over 23 lacs. Subsequently it sold
nearly 19 lacs by special contract at prices ranging from
Is. 3 29-32d. to Is. 4d. per rupee. The total amount sold dur­
ing the day was a little under 42 lacs. Money is not becom­
ing as easy in India as had been expected. It was supposed:
that the approach of the rainy season would check exports,
and that the plague would disorganize business in Calcutta
as well as in Bombay and Kurrachee to such an extent as to*
affect the money market. Contrary to expectations how ever
money still remains very tight all over India.
The failure of Mr. Hooley, which has been announced thisweek, will not affect any important interest. Mr. Hooley
made a large fortune during 1895-96, especially in the cycle?
boom, but he immediately engaged in too many operations*
and for fully a year it has been known that he was seriously
embarrassed.
The follow ing return shows the position of-the Bank o f
England, the Bank rate o f discount, the price of oonsols*
&o., compared with the last three years:

L ondon , Saturday, June 11, 1898.
There is still utter stagnation upon the Stock Exchange.
Nearly four weeks have passed since the last political scare,
and people are beginning to think that Lord Salisbury and
Mr. Chamberlain were two alarmists in their recent speeches.
But for all that the public is nervous and uncertain. While
the war lasts nobody knows what turn events may take, and
therefore nobody is willing to enter into engagements that
will cover a considerable length of time. Furthermore, the
great Continental powers have recently begun increasing
their navies upon a very large scale, particularly France,
Germany and Russia, and all of them are eager to obtain
coaling stations abroad. France has a considerable foreign
empire, but Germany and Russia are entirely without the
means of either coaling or repairing ships when sent a long
distance. That was very clearly seen during the recent voy­
age of Prince Henry of Prussia to China.
A ll sorts of rumors are in circulation as to the intentions
cf these three great Powers, and particularly as to the aims
they have upon Spanish possessions. Whether there is any
real foundation for the rumors nobody knows, and it is pos­
sible at all events that there is a deal of exaggeration in
them. But all the same the fact that the rumors are afloat,
s disturbing and is deterring investors from investing.
Thbn the condition of Austria Hungary is most grave.
Nobody believes that the empire w ill break up while the
Emperor lives, but what will happen upon his decease, no­
body dares to think. Furthermore, the state of things in the
Balkan Peninsula is very disquieting Servia is exceedingly
jealous of Montenegro. The relations between Servia and
1808
1807.
189«
1896
June 8
June 9.
June 10.
June 12.
Bulgaria are anything but good, and there is wide-spread
*
£
£
£
discontent in Macedonia, i Everybody believes that Russia Circulation................................... 27 458.725 27,859,960
26,555,105 «6,493,68®Public d ep osits.,......................... 10,911,226 10,898,283
11,0^4,M5
8,036,201.
is not prepared for a great war, and that Russia, therefore, Other d ep osits.... ..................... 44,553,870 33,888,817
50,484,841 37,512,937’
ent securities............ . 13,3 )6,642 13,911,171
15,257,690 13,931,339
w ill prevent an outbreak in the Balkan Peninsula. Still, Governm
oth er securities............................ 82,617.642 28,43?,370
23,624,624 20,633,786
o f notes and co in ........ 27,835,965 25,25 ¡,2 )0
88,588,133 28,704,046
there are the materials for a conflagration there, and that is Reserve
Coin & bullion, both departm’ts 87,994,710 86,812,100
48,313,538 37,397,728Prop.
reserve
to
liabilities.p.ct.
49
3-16
50
9-16
6954
0254
not reassuring for the European public.
3
2
2
2
Bank r a t e ................... p ercen t.
Consols, 2M per ce n t.................
1113-16 112 15-16 x d
113
• 1061-16
In China there is a lull for the present. How long it will Silver................................................
27üd. 27 9-16d.
31 5-10d. 33 9-lfld.»"
last nobody can tell, and the attitude of the Boer Govern­ Clearing-House re tu r n s.......... 139.0s8.000 lll,2U ,0u 0 121,010,000 154,326 00*
* June 13.
ment in the Transvaal towards the Uitlanders is not condu­
The rates for money have been as follows :
cive to order and progress. Lastly, it seems inevitable that
Interest allowed
there must be an utter crash in Spain. She is bankrupt, and
Open Market Bate».
fo r d-v^slt* by
1
how soon she will have to stop paying interest upon her debt London.
Trade Bills,
Join t Dis’t H ’te
Bank Bills.
seems to be a question of weeks, or, at all events, at the out­
£
A t 7-14
3 Months. 4 Months. 6 Months. 3 Mos. 4 Mos. Banks OaU Day»
side, only of months.
4
2X 2\é 2«
4
354
The condition of the world being such as it is, it is natural May 13 4 311-16@3M 3 11-10
2X 2% 25*
8‘/4
SH
8@3 H
8H®3X
“
20 4
3J4@3M
that investors should be very careful. Practically, there is
2
2
2*
ia ® m
“
27 3*4
2*
2H
2H
hardly any business doing. In the American department June 3 3 15f® 13-16
2M
n é n é 15*
2X
VÁ
i
ni
114®'54 15i©3
m
“
10 3 '54®1 7-16 1 7-10®U4
prices are kept up by the strong demand for the United
The Bank rate of discount and open market rates at the
States. There is some small speculation amongst members
o f the Stock Exchange and professional operators But the chief Continental cities have been as follow s:_______________ *
May 20.
public is doing exceedingly little, and it is doing even less in
May 27.
June 10.
June 3.
B ates o f
all other departments. Never, perhaps, at a time of pros­
Interest at
Open Bank
Bank
Bank
Open
Open
Bank
Open
perity has investment been upon a smaller scale.
B a te. Market B ate. Market B ate Market B a te. M arket
In spite of all, however, the home trade keeps wonderfully Paris ...............
2
2
2
2
m
m
m
m
4
4
4
good. The railway traffic returns show constant increase, B e rlin ..............
4
354
sa
sa
Sié
4
4
3H
sa
4
4
sa
Sa
so do the clearing-house returns, and in short all the trade Hamburg . . . .
4
4
4
4
354
35*
Sié
sa
Frankfort ...
reports are to the same effect. But the foreign trade is un­ Amsterdam ...
3
3
3
3
25é
za
2%
25*
3
8
3
3
2a
doubtedly disappointing. For the month of May the value Brussels.........
2a
25*
2M
4
4
4
4
4
Vienna
...
•
3*4
3%
3*4
of the exports of British and. Irish produce and manufactures
8t, Petersburg.
s
a
s
a
s
a
s
a
s
a
m
Sié
sa
was £17,891,354— a decrease of £1,480,793, or not far short of Madrid .......... 6
5
5
5
6
5
6
6
4
4
4
4
4
4
né
né
73^ per cent. The value of the imports wa
37,708,378— an Copenhagen ..




THE CHRONICLE.

1220

[V ol. L X V I.

5.119—

The State National Bank of Bloomington, Illinois. Capital,
$150 000. Jacob Funk, President; Albert B. Hoblit, Cashier.
The Leavitt and Johnson National Bank of Waterloo, Iowa.
Capital. $100,000. John H. Leavitt, President; Ira RodaSi l v e r .
June June
Gold.
June June
mar.
Cashier.
2
London Standard.
9.
London Standard.
9.
2.
5.121—The Washington National Bank, Washington, New Jersey (capi­
t
a
l
s
,900). William B. Titman, President; Reuben M. Eiid.
d.
#. d. 8. d.
enberger, Cashier,
Bar gold, fine___oz. 77 10% 7710 % Bar silver, fine.. .oz. 2718 2718
5.122—The People’s National Bank of Denton, Maryland. Capital;
Bar gold, parting.oz. 77 11 77 io% Bar silver, oontain’g
$50.000. Joseph H Bernard, President; ------, Cashier.
do 5 grs. gold.oz. 2711'e 2 7 ii16
*4J.S. gold ooin ...oz. 76 5% 76 5%
The First Naiional Bank of Lake Mills, loWa. Capital, $50,do 4 grs. gold.oz. 277, e 277le 5.123—
Germ’ n gold ooin.oz. 76 5 76 5
000. J. C. Williams, President; B. H. Thomas. Cashier,
do 3 grs. gold.oz. 2714 2714
French gold ooin.oz. 76 5 76 5
5.124— The Grant Park National Bank, Grant Park, Illinois. Capital,
Japanese yen ....oz. 76 5% 76 5% Cake silver. . ..„.oz. 29% 29%
$50,000. Fred Holzman, President; Ed. C. Curtis, Cashier.
Mexican dollars.oz. 26
26H
5.125— The American National Bank of Lima, Ohio. Ca ital, $100,« 00. Jos. Goldsmith, President; Gas. Kalb, Cashier.
Messrs. Pixley & A bell write as follows under date of
5.126—The First National Bank of Wynnewood, Indian Territory.
June 9 :
Capital, $50,000. Thomas P. Howell, President; Chas.
Gold -T h e demand for India and Japan has been exceedingly strong,
Bohnke, Cash er.
and only comparatively small parcels have reached the Bank of Eng­ 5,127 -The First National Bank of Mineola, Texas. Capital, $50,000.
land, which has bought during the week £33>i,000 and has sold
H. M. Cate, President; H. H, Ho well, Cashier.
£601,000. o f which £501,000 is in Yen for Japan. Shipments: Bom­
C O R P O R A T E E X IS T E N C E O F N A T IO N A L B A N K E X P I R E D .
bay, £120,500; Kobe, £441,000. Total, £5*1,500. Arrivals: New
Zealand, £7,000; Australia, £273,000; Straits, £3,000; Bombay, 2,383—The Northampton lounty National Bank of Easton, Pennsyl­
vania, expired by limitation May 1,1898.
£77,000; South Africa, £200.000; West Indies, £45.000. Total, £605,000. For month of May—Shipments: France, £73,000; Japan, £199,- 2,386—The National 3tate Bank of Bloomington, Illinois, expired by
limitation May 3, 1898.
■000; U. S. A., £946,000; India, £293,000. Arrivals: Germany,
£2,368,000; Holland, £1,031,000; France, £921,000; Japan, £979,-000; India, £115,000.
Changes in L egal T enders and N ational B ank N otes to
Silver—With considerable buying for Spain, silver rose to 2 7 % d , J une 1.—The Comptroller of the Currency has furnished ug
and remained steady for a few days. The demand has since been
■somewhat intermittent, a fall of %d. being followed by a rise of %d. the following, showing the amounts of national bank note
on fresh orders coming to hand. To-day’s closing price is 27%d. The May 1, together with the amounts outstanding Jane 1, and
' ndian rate is Rs. 69% per 100 Tolahs. Shipments: Bombay, £26,800; the increase or decrease during the month ; also the changes
*•
Kong, £25,790. Total, £52,590. Ariivals: New York, £234,4A>Oj West Indies, £31,000. Total, £265,000. For month of May - in legal tenders held for the redemption of bank notes up to
Shipments: Germany, £82,000; Holland, £7,000; B*lgium. £152,000; Jane 1.
Prance, £206,000. Arrivals: Germany, £25,000; Holland, £65,000;
National Bank Vote»—
Belgium, £14,000.
$826,030,136
Mexican Dollars—A few transactions have taken place at varying Amount outstanding May 1,1898
$2,536,612
Tates, the last reoorded business being at 26d. Shipments to Penang, Amount issued during May............
903,903
1,582,709
Amount
retired
during
M
ay...........
£4,600.

The quotations for bullion are reported as follow s:

5.120—

The follow ing shows the imports o f oereal produoe into
the United Kingdom during forty weeks of the season com ­
pared with previous seasons:
IMPOSTS.

1897-8.
Im portsofwheat,owt.48,»99,510
Barley........................... 16,837,794
•Oat*............................... 11,295.990
Peas.............................. 2,024,720
B eans........................... 2.065,010
Indian corn.................. 40,250,300
H o u r ...........................16,350,620

1896-7.
52,712,050
17,919,990
12,962,680
2,640.625
2,204,650
47,117,940
16,353,LOO

1895-6.
49.918,570
18,104,000
10,36 ,280
2,040,710
2,643,822
34,688.470
15,739,970

1894-5
54.298.866
20,767,244
10,999,527
1.800,469
3,408.992
19,583.714
15.209.560

$227,612,845

Amount outstanding June 1 ,1 8 9 8 *....
Legal Tender Notes—
Amount on deposit to redeem national bank
notes May 1,1898..................... ...............
Amount «leposlted during May............... —
Amt. reissued and bank noteB retired in May

$467.037
906,531

$31,896,404
439,494

Amount on deposit to redeem national
»31,456,910
bank notes June 1 ,1 89 8........ ...........
♦Circulation of National Gold Banks, not included In above. $83,525-

According to the above the amount of legal tenders on de­
Supplies available for consumption (exclusive of stocks tn posit June 1 with the Treasurer of the United States to re
deem national bank notes was $31,456.910. The portion of
September 1).~
this deposit made (1) by banks becoming insolvent, (2) by
1897-8.
1896-7.
1895-6
1894-5.
Wheat imported, ewt. 48,399,5 io 52,712,050 49,918,570 54.298.866 banks going into voluntary liquidation, and (3) by bank re­
Imports of flour........ 16,350,820 16,353,100 15,739,970 15.209.560
Bales Of home-grown.22,029,805 21,005,003 12,754,062 17,652,381 ducing or retiring their circulation, was as follows on the
first of each of the last five months.
Total.................... 86,780,135 90,070,153 78,412.602 87,160,807
1897-8.
1896-7.
1895-6.
1894-6
Aver, price wheat,W08k.46s. 3d.
27s. lOd.
25s. 5d.
24s. 5d.
Average price, seasm .35s. lOd.
28s. lOd.
25s. Id.
20s. 5d

The follow ing shows the quantities of wheat, flour and
maize afloat to the United Kingdom :
This week.
Wheat— ......q r s . 2,600,000
H our, equal to qrs.
270,000
Maize............... grs. 1,045,000

Last week.
2,515,000)
275,000 5
1,030 000

1897.
1,150,000
184,000
470. n o

1896.
2,225,006
270.000
5 5 0 .0 0 0

Deposits by—

Feb. 1.

March 1.

June 1.

May 1.

April 1.

$
$
$
$
$
tnsolv’ntbks- 1,480,984 1,403,859 1,352,769 1,314.600 1,296,678
Llquid’g bks- 5,887,293 6,030,792 5,974,874 5,983,631 6,010,101
Rea’o’gund.'1
» o t o f 1874 26,352,329 26,255,563 25,458,776 24,593,173 24.150,131
Total. - 33,720,606 33.690.214 32,786,419 31 891 404'31,456,910
* Act of June 20, 1.874, and July 12, 1882.

C oinage by U nited States M ints. —The following stateg'
B a g l i s l i F i n a n c i a l m a r k e t « —P e r C a b le .
The daily closing quotations for securities, etc., at London ment, kindly furnished us by the Director of the Mint, show®
■re reported by cable as follows for the week ending June 24: the coinage at the miut3ofthe United States during the month
of May and in the five months of 1898.
L ondon .

Sat.

Silver, per oan 38.... d.
Consols., new, 2% p.ots.
For accou n t...............
Fr’ch rentes (i nParls) fr.
Atch. Top. & Santa Fe.
Do
do
pref.
Canadian Pacific..........
Chesapeake & Ohio.__
Ohio., Mil. & St. Paul...
Denv. A Rio G r.,pref..
Krle, com m on.............
1st preferred.............
Illinois Central.............
Louisville & Nashville.
Mexican Central, 4s ..
Mo. Man. & Tex., oom,.
N. Y. Oent’l A Hudson.
BT. Y, Ontario A West’n
Norfolk A West’n, pref.
Northern Paoiflo, com ..
Preferred....................
Pennsylvania...............
Phlla. A Read., per sh.
Phil. A Read., 1st pref.
Phil. A Read., 2d pref.
South’ n Railway, com .
Preferred............... .
Union P a oiflo..... . . . .
Do
new pref..
Wabash, preferred ...

Mon.

26H] g 271s
111% 11118
l l l 6ie 1113,,
102-55 102-55
133s
13%
33%
33*8
86%
85*8
24
23*8
1023s 10188
52ifl
52%
13 78
135s
361a
36%
107 ili 107
18312 193%
53%
5418
67
66%
11%
11%
118% 118
151g
15%
5338
53
2938
29
7038
697s
59%
5912
978
9%
233s
23%
12
12
85s
85s
29%
3018
23%
241s
6038
60%
195s
19*8

Tues.

Wed.

Thurs.

Fri.

27%
111*18
111%
02*52%
133s
34%
855g
23%
102%
52%
13%
36%
107
193%
54%
67
11%
119%
15%
54
29%
705a
59%
9%
233g
12
8%
30%
2378
61
195s

27%
111%
1113]«
02-47%
13%
337s
86%
23%
1017s
52
135s
36%
106%
193
5378
67
11%
119%
15%
53
29
70%
59%
9%
2338
12
8%
30%
23%
60%
195s

27%
111%
l l l » 1e
02-67%
13%
34%
86%
235s
1025s
52%
13%
36%
107
193
535s
67
11%
119%
15%
53%
29%
70%
59%
9%
23%
12
87s
30%
24%
61
195s

27%
1113]«
1113.«
102-60
13%
8«%
86%
23%
102%
52
13%
365a
107
53%
67
1178
120
15%
53%
29%
71%
59%
9%
23%
12
878
30%
23%
61%
19%

Com m ercial atxtl î^isceXlaueaae^em s
N ational B anks. —The following information regarding

national banks is from the Treasury Department.
NATIONAL BANKS ORGANIZED.

.8,116—The Fletcher National Bank of Indianapolis, Indiana (capital
$500,000), Stoughton J. Fletcher, President; Charles La­
tham, Cashier.
«8,117—The First National Bank of Juneau, Alaska Territory (oapital,
$50,000); W. T. Summers, President; H. H. Eddy, Cashier.
>8,118 -T h e Northampton National Bank of Easton, Pennsylvania
(oapital, $100,000), Thomas Rinek, President; E. J. Richards,
Cashier.




HOMltlCltlOnS•

Five Months 1898.

May.
Pieces.
243.500
92,000
385,500

D mble eagles..........
E tgles......................
S elf eagles..........

Value.

Value.

Pieces.

$
4,870.000
920,000
1,927,500

$
1,172.478 23.449.560
310 8*8 3.108,680
452,522 2,262,610
75

30
Total g o ld ............

721.000

7,717,500

1,935,898 28,820,925

Dollars......................
Aalf dollars.............
Quarter dollars.......
'iimes..........

1,296, COO
40,000
84.000
960,000

1,296,000
20,000
21,000
96,000

5,362.300 5,862,100
512,150
1,024,300
521,223
2,084,89 i
265,030
2,650,300

Total silver..........

2,380,000

1,433,000 11,121,792

6,600,703

Five cent nickel ...
me cent bronze....

5,867,000

4,501,725
58,670 21,210,725

225,086
212,107

Total m in o r .......

5,867,000

58,670 25,712,450

437,193

t'otoal coinage —

8,968,000

9,209,170 38,770,140 35,918,881

Imports and tfixpottTS for the W eek .— i’ne <.ouo.>ing ar#
die imports at New York for the week ending for dry _ooda
June 16 and for the week ending for general merchandise
June 17 also totals si ice the beginning of the first week
in January.
FOREIGN IMPORTS AT NEW TORK.

For week.
Dry goods.......
Gen’l mer’dise

1898.
$1,199,471
6,223,960

1897.
$3,389,102
7,235,239

1896.
$1,151,657
5,09',801

1895.
$2,190,867
7,603,561

$6,849,458
$9,806,423
10,624,240
$7,423,431
T o ta l........
Since Jan. 1.
Ory goods....... $46,217,066 $71,311,518 $57,164,972 $69,409,477
Gen’l mer’ dise 161,746,610 192,405.295 168,260,134 172,679,048
Total 24 weeks $207,963,676 $263,776,813 $225,431,106 $242,088,525

THE CHRONICLE.

June 25, 1898.]

The imports o f dry goods for one week later w ill be found
in onr report of the dry goods trade.
The following is a statement of the exports (exclusive of
■pecie) from the port of New York to foreign ports for the
Week ending Jane 20 and from January 1 to date:
E X P O R T S P R O II M E W Y O R K F O R T H E W E E K .

For the week..
Frev. reported

1898.

1897.

1896.

1895.

$10,317,877
227,007,931

$7,909,680
182,093,645

$7,580.286
172,481,146

$4,972.733
154,119,576

Total 24 week« $237,415,808 $190,003.325 $180,061.432 $159.092,309

The follow ing table shows the exports and imports of
specie at the port o f New York for the week ending June 18
and since January 1, 1898, and for the corresponding periods
in 1897 and 1896.
EXPORTS AMD IMPORTS OF SPECIE AT MBW TORK.

Bitports.

Bold.

Week.

SineeJan. 1.

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

Week.

Since Jan.l.

$1,700

4,473,345

iò ,ò o ó

96,942
20,292

......... $33.015.754
12.746,764
19,793.289
19,235
2,528.572
1,807
42,785
4,4 74
261,439
527,688

$11,700 $4,590,779
953,800 19,538,854
890,730 39,916,086
Exports.

$25,516 $68,916.291
58,454
1,777,323
121,747 18,489,761
Imports.

Great Britain..........
France.............
West In dies............
Mexico .................
S ou th America.......
All other countries.

Imports.

$200

Week.

SineeJan. 1.

Great Britain..........
France.............
G erm any............. .
West Indies.............
M e x ico....................
South America.......
A ll other countries

$866,395 $18,948,807
449,000
410
235,217
670
14,159
176.652
3,622

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

$867,065 $19,827,867
772,292 21,855,222
1,129,235 24,449,5 1

Week.

$1,190
2,054
365
800

SineeJan. 1.
$11,587
23.732
2,070
229.966
483.033
384,631
16,595

$4,409 $1,151,614
78.751
1,228,6 9
29.294
1,‘ 'O» .071

Of tbe above imports for the week in 1898 $6,8 »2 were
American gold coin and $19 American silver coin. Of the
exports during the same time, $ll,7o0 were American gold
coin._____________________________________________ _______

1^21
Deposit, with ■S&i
N et
Loans A
L ea 'I.
Invest­ Specie. A B ’k Clear’g Other
D e­
ments.
Botes. Agent. Bks.Ac posits.

BANKS.
(00« om itted.)

Capi­
tai.

Sur­
plus.

N e w Y o r k Ci t y .
Astor P lace............
C olon ial.........
C olum bia................
Eleventh W ard ....
Fourteenth Street.
Franklin National.
G a n sevoort. . . . . . .
Hamilton. ..
Hide A Leath. Nat.
Home.
..............
Hudson R iv e r.......
Mount M orris____
M utual....................
Nineteenth W ard.
P laza. ..................
Riverside.................
State.........................
Tw elfth W ard____
Twenty-third W d .
Union s q u a r e ......
Y orbville ...............
A stor Nat’l B an k ..

$
250,0
100,0
300,0
100,0
100,0
200,0
200,0
200,0
500,0
100,0
200,0
250,0
2<i0,0
100,0
100,0
100,0
100,0
200,0
100,0
200.0
100,0
300,0

$
369,5
54,8
186,0
117,4
50,0
9,3
28,1
75,7
160,1
84,9
188,2
88,0
102,7
24,0
107,2
90,7
78,1
149,1
40,0
287,6
126,1
2,1

„ $
2.373,0
712,9
1.836.6
1,109.7
720,2
470.0
070,3
1,220,3
2,043.2
406.3
1.102.0
1,313,1
040,1
688,3
903.6
702,3
1,274,0
1,090,9
683.6
1,802,2
1,025.4
1,080.9

$
255,1
18,4
120,0
63,6
30,2
118.0
28,6
61,0
302,1
91,7
27,0
63,2
18,3
25,2
31,7
11,4
60.0
36,6
23,0
117,2
109,8
232,7

9
66,1
01,5
118,0
83,4
96,4
20,0
46,9
74,8
102,8
53,2
89,0
108,0
93.3
91,2
62,8
33,7
35.0
103,7
79.3
224,4
82.0
205,0

$
217,8
251,5
131,0
370,4
165,0
110,0
12,3
50.3
104,8
74,8
187,0
118.0
144,2
108,0
330,0
93,0
88,0
109,1
50.4
288,6
183,5
1»9,5

9
9
165,0 2,802,2
952.2
52,0 1,870,0
1,681,1
925,0
400,0
74,7
645,8
1,282,1
1,628,7^
14,2
578,0
1,199,0
169,2 1,670,3
800,7
1,6
6,0
782,3
1,200,0
704,0'
129,0 1,501,0
141,9 1,479,0
73,9
818,8
2,317,2
1,188,4
___ 1,241,2

150,0
100.0
300.0
100,0
100.0
200,0
150,0
252,0
500,0
100.0
300,0
300,0
100,0
100,0
100,0
100,0
100,0
200,0
100,0
100,0
100,0

115,3
108,9
160,2
30,1
53,3
171,5
61,6
411,2
397,8
189,1
571,9
554,9
109,8
105,4
122,3
58,2
68,8
214,2
62,1
45,8
28,2

1,014,6
26,4
1,269.3
23,3
1,296,1
74.4
273,4
14,3
514,9
24,7
910,3
57,6
570,0
43,5
2,011.0 227,1
2,276.3
83,3
817.4
62,2
3,972,0 340,0
2,242,0 181,0
769,4
10,1
608,8
40,2
1,693.8 129,1
510,4
27,6
401,9
7.6
1,006.4
98.9
305,1
7,8
278,6
8,7
488,4
12,2

65,8
117,1
38,2
19,7
21.7
25,4
82.9
246,3
108.1
48.7
200,0
379,0
02,5
27,8
184,1
24,0
37,8
13,6
20,7
17,5
41,2

143,9
101,1
238,3
41.1
40,2
69,8
134.0
613,1
107,4
172,2
613,0
378,0
169,0
56,0
429,5
120,4
69,4
370,0
76,0
29,0
77,4

85,0 1,151,9
1,436,6
45,7 1,884,1
16,0
242,8
462,1
10,8
740,r
009,0
2,639,8
2,847,0
942,4
61,6
71,0 4,521,0
223,0 2,919,0
379.2 1,169,3
732,9
86.5
120,0 2.260.8
637,2
335,9
11,0 1,070,0
7.6
387,4
241,2
45,0
'32,6
521,7

B

rooklyn

.

Bedford. ...............
Broadway...............
Brooklyn. ............
Eighth W ard.........
Fifth A v e n u e.........
F u lto n ..........
Kings C ounty........
Manufaot’rs’ N at’ l
Meoh’ s’ A Tradr’ s’
Nassau N ation a l..

S ch erm erh om ____
Sprague National..
W allabout...............

_

_

O t h e r Cit ie s .

Lst Nat., Jer. C ity. 400,0 742,6
H ad. Co. N at J. 0 . 250,0 516,9
250,0 300,3
3d N a t , Jer. City . 200,0 179,6
110,0 402,2
8A 6
2d Nat., H oboken. 125,0
25,0
43,3
67,4
1st Nat.,Staten I si. 100,0

3.826,0 111,6 196,8 630,2 13971
2.011,7 110,7
64,6 248,8 286,7
1,636,9
61,9
66,1 203,9
847,1
31,7
84,7 139,7
56,0
1,658,0 129,2
22,3 138 0 193,5
682,0
47,0
33,2
78,8 117,4
372,6
19.2
22,3
00.8
7
502,7
20,2
29,2
79,1
....

5,807,1
2.074,1
1,204,7
807.6
1,548,7
781,6
456,1
475,9

Totals June 1 8... g 9o i 29o 8, 472.7 50.015,6 1,876,1 4 ,246,0 Q.237J 4 ,0 /f,o 67 ,040,4
Totals June 1 1 ... Q90I 290 8,472,7 50.201.Ò 1,040,1 4,281,4 0 3 '0 .4 3 , 551,0 07 364 .tr
T otals June 4 ... Q9OI290 8,472,7 50,074,1 1,720,0 U.1333 0, 152,2 2,085,0 66,076 ,0 •

New York City, Boston and P hiladelphia Banks.—Below
we furnish a summary of the weekly returns of the ClearingNew York City Clearing House Hanks.—Statement of con­ House Banks of New York City, Boston and Philadelphia.
dition for the week ending June 18, based on averages of The New York figures do not include results for the non,
member banks.
daily results We omit two ciphers (0 0 ) in all cases.
B ank * .

Bank of New York..
Manhattan Co..
Merchants’ ......
Mechanics’ . . . . .. . . . .
America„ ............
Phenix................
City.....................
Tradesmen’s .......
Chemical.............
Merchants’ Exch’ge
Gallatin...................
Butchers’<&Drov’rs’
Mechanics’& Trad’s'
Greenwich.............
Leather Manufac’rs
Seventh. ... .........
State of New York..
American Exchange
Commerce... . .. . ....
Broadway
Mercantile..............
Pacific............
Republic. . ....
Chatham------People’s..........
North America
■taoover.................
Irving......................
Citizens’ ..................
Nassau..................
Market <fc Fnlton...
Shoe & Leather......
Corn Exchange......
Continental..........
Oriental...............
Importers’& Trad’rs
Park............ ..........
East River..............
Fourth. ...............
Central....................
Second....................
Ninth.........— .........
First...... ................
N. Y. Nat’l Exoh’ge.
Bowery....................
New York County..
German American..
Ghana.......................
Fifth Aveune..........
German Exchange..
Germania................
Lincoln...............
G arfield..............
Fifth........................
Bank of the Metrop.
West Side...... .
Seaboard.............
Sixth........................
Western. . . . ___ ...
First Nat. B’klyn...
Nat. Union Bank...
Liberty...................
N. Y. Prod. Exoh’ge.
Vk.of N. Amsterdam
T otal.

oapital Surpt’s Loans.

¡Specie. i Legats. IDeposits,
Oapital A
BANKS. Surplus. Loans.
Specie.
Legale. DeposUs.i O irel’n. Clearings»
$14,130,0 $3.240,0 $ 1.000,0 $14,650,0
13.403.0 0,651,0
1.658.0 18.679.0
S . Y .*
$
$
9
9
$
9
$
13.550.6 4.724.6
May 28.. 134,064.6 589,727,4 1738020
1.400.0 17.900.4
096,008,4 14,787,2 706,878,$
9.303.0 2.249.0
1.012.0 9.184.0 June 4.. 134,604.0 001.618,8 1755021 53,844,2
54,102,5 709,410,0 14,730,7 719.788,9
81,1011,8 4.803.6
1.498,2 24.547.9
“ 11.. 134,604,0 010,703,6 1791823 65,711,5 724.210.8 14,719,3 747,874,0
4.361.0
051.0
203,0, 4.060.0
“ 18. L34,004,0 610,330.6 1820066 69,111,4 730,970,4 14,080,7 703,433,2
58.613,9 34,173,4
2,608.0 90.103.1
B o «.*
2.822.7
597.8
2,929 5 June 4.. 68,587,3 172,547.0 14,834.0
283.9
6,164,0 181.844,0 6,313.0 89,531,9
23.883.6 9.488.0
1.958.5 28, 268 4
« 11.. 68,587,3 174,650,0 15,173.0 6.312,0
185,403.0 0,829,0 100,868,9
4.771.9
992.8
480.9
6.432.1
“ 18.. 68,687,8 176.823,0 16,701,0
6,289,0 188,508,0 6,320,0 04,306,6
7.231.2 1,027,5
0,430,0
Phlla. ’
1,242.7
1.028.9
814.9
116,2
1,257 8 June 4.. 35,388,0 110,138.0
41,129,0
127,071,0 5,913.0 66.841,8
1.914.0
268.0
“ 11.. 35,388,0 110,990,0
283.0
2.165.0
41,158,0
120,086,0 5,897,0 66,585.1
910,4
104.6
“ __ 18. 36,388.0 i l l 811.0
187.7
803.7
41.202,0
197,401.« 6,91 !.»l 72.003.1
3.829.1
959.0
3,931,8
299.8
1.794.7
563.3
135.8
2.330.7
274.2
3.855.8
—Coupons due July 1, lb98, from Union Pacific first mort
289.6
2,902,5
26.767.0 2.570.0
3.556.0 20.005.0 gage bonds will be paid on and after that date at the com
25,998,2 1.702.4
3.568.9 20.938.0
6.687.5 1.698.8
6,486,4 pany’s office, 120 Broadway, New York CLy. Temporary re"
177.9
9.078.3 2.121.5 1.148.0 11.003.2 ceipts will be issued for packages of coupons left for verifica­
2.088.2 1.105.9
3.184.2
404.5
16.449.7 5.404.3
398.4 19.058.1 tion on and after Monday, Jane '¿7,1898.
6.138.4
812.4
881.7
0.198,6
1.597.6
837 4
581.5
2.592.7
10.109.8 2.103.7
907.3 11.892.4
A uction Sales.— Among other securities the following, no :
20.435.0 7.435.3
2.238.9 34.022.3
651.6
3.353.0
3.617.0 regularly dealt in at the Board, were recently sold at anction.
637.7
2.407.5
677.9
163.6
2.807.3
By Messrs. R. Y. Harnett & Co:
2,328,4
432.4
858.0
2 , 000,0
5.421.3 1.418.6
5.001.2
601.7
Shares.
i
Shares.
8.476.4
872.1
335.6
4.003.8
2 Central Trust Co.............1,380
9.998.7 1.313.1
1.420.0 11.052.9 100 Gansevoort Bank............ 72
12 Bauk of Amerloa..........359 | 25 National Park Bank
305**
5.060.3 1.148.3
319.2
5.782.0
1.723.0
223.0
460.4
1.850.0
By Messrs. Adrian H. Muller & Sou :
24.620.0 9.795.0
1.370.0 29.770.0
37,224 0 10,039,0
2.790.0 51.764.0
Shares.
Bonds.
1.237.5
317.7
143.3
1.847.0
40 American Coal C o ......... 12014 $7,000 City of Lima, O., 6s,
22,507,4 3.051.7
3.715.1 24.273.0
1 Chemical Nattoual Bank3,875
1900. A&O..........102<fcint.
9.398.0 3.9
0,0 1,128,0 13.823.0
4 American Ex. Nat. B’k . l <7
$16,000 N. Y. & E. Riv. Gas
6.586.0 1.030.0
638.0
6.435.0
8oN . ¥. Fire lus. C o.......... lOLhj
Go. 1st Con. 5s, 1945. JdsJ.107%
2,894,61 1,006,6
272.7
3.001.0
47
Title
Guar.
&
Tr.
Co.2a0
2Slia
$1,000 Jersey City 6s Water
27,414,7, 7.984.8
784.7 28.735.0
1.340.8
253.7
4 Nat’l B ’k of Com m erce..200
123.6
1.270.8
Sorip, 19 <7. J A;J.. 102 *4 & int.
2.965.0
604.5
414.5
3.473.0
Atlanta <&Cuar. A i r Line
$5,274 41 Gulf & Ship Island
3.234.1
644.2
322.1
3.865.9
R R .................................. 109
RR. Co. 1st 5s, 1926............ 23
2,841,3!
490.0
305.3
2.863.0
21.432.7 9.876.9
4.269.5 32.879.0
7,903,3, 1.680.9
9.867.9
872.6
2.192.4
109.4
088.2
3.144.4
5 »9,1
3.274.7
508.5
4.290.3
6.893.2 2,2
7
208,0
7,171,2
5.189.0 1.695.4
462.7
6.012.5
1.744.8
441.7
92,4
1.936.1
4.119.3 2.171.0
0.521,9
809.3
2.347.0
‘312,0
387.0
2.548.0
7.868.0 1.904.0
1,244,0 10.179.0
1.695.0
330.0
175.01 1.536.0 2 7 Sc 2 9 PINE! S T R E E T ,
NSW YORK
20.477.0 7.609.1
2.152.6 32.821.3
65 State Street, Albany.
5.223.0
744.5
1.650.6
6.161.0
12.454.7 3,162,7
365.6 13.609.0
IN VESTM EN T SECURITIES.
650.5
3,313,0:
208,71 3.501.6
3.738.3
678.7
197.9
8 189,3
2.991.3
624.7
138.9
3.220.4 Gborqh Barclay Moffat.
A lexander m . W h i t e , J r
59,022,7 75,041.9 610,330,5 1829055 59,111,4 780,976,4
$2,000,0 $1,901,1
2.050.0 2.159.3
2 , 000,0 1.065.4
2,000,0 2,048,9
1.600.0 2,590.]
250.5
1, 000,0
1, 000,0 3.957.4
122,1
750.0
300.0 6,951,8
600.0
189,9
1, 000,0 1.670.6
128.1
800,0
181.6
400.0
170.0
200.0
495.0
600,0
100.4
300.0
526.8
1, 200,0
2.457.0
5.000.
0
3.713.7
5.000.
0
1.000. 0 1.608.0
1,000,0 1.023.2
484.0
422,7
842.7
1,600,0
977.2
450.0
253.9
200.0
568.9
700.0
1, 000,0 2.262.4
366.8
500.0
383.7
600.0
269.5
500.0
000,0 1.025.4
158.7
1, 000,0
1, 000,0 1.302.8
079.4
1,000,0
405.7
300.0
1.500.0 5,648,7
2 , 000,0 3.266.4
154.1
250.0
3.200.0 2.085.2
500.9
1, 000,0
716.0
300.0
287.7
750.0
500.0 7.516.1
62,7
300.0
620.9
250.0
426.0
200.0
294.3
750.0
1, 000,0 1.035.1
100.0 1,150,0
581.9
200,0
737.5
200,0
715.1
300.0
838.0
200.0
321.5
200,0
846.5
300.0
347.2
200.0
854.1
600,0
350.7
200,0
696.6
1, 000,0
973.2
300.0
862.3
1.200.0
817.9
600.0
328.4
1,000,0
279.7
250,0

R eports o f Non-Member Bauks.—The following is tho
statement of condition of the non member bauks for the
week ending June 18, based on averages of the daily results,
W e om it tw o ciphers (0 0 ) in all cases.




gattMug and IfitmticiaL
Spencer Trask & C o.,
BANKERS,

M

& W
BANKERS,

o f f a t

No. 1 NASSAU S T R E E T ,

h it e

,

.
.
.
N SW T O R K .
INVESTM ENT SECU R ITIES,

THE CHRONICLE.

1222

The New York City Clearing-House banks in their state­
ment of June 18 showed an increase in the reserve held of $7,133,100 and a surplus over the required reserve of $59,272,800 ,
against $53,841,100 the previous week.

M & n k t x s 7 (S a m ite .
DIVIDENDS.
Name o f Company.
R a i l r o a d s (S te a m .)
Alabama Great South., pref. A ..
Canada Southern..........................
Ohio. R. I. & Pacific (quar.) —
Del. Lack. & Western (quar.)...
Take Shore & Mich. South..........
.Michigan Central........................
N. Y. Cen. & Hud. R. (quar.)---.Norfolk & Southern (quar.).......
Northeastern of S. C...................
Pitts. Ft. W. & Chic, reg., gu.(qr.)
“
“
spec.,gu.(qr.)
Rich. Fred. & P o t , com. A div.ob.
R ock Island A Peoria..................
Rutland..........................................
St. Jos. & Grand Isld., 1st pref.
S treet R a i l w a y s .
Capital Trao., Wash., D. C..........
Metropolitan S t , N. Y. (quar.)..
National Ry.t St. Louis (quar.)..
R anks.
Astor Place...................................
Bank of A m erica.......................
Bank of New York.......................
Bedford (Brooklyn).....................
Brooklyn (Brooklyn)..................
Central National....................... .
Chatham National (quar.).........
Columbia........................................

Per
When
Cent. Payable.
3
1
1%
3
1%
3ia
2
1
1
3
1%
1%
3%
21«
1
21«
75c.
1%
li«

3
7
5
4
3%
4
4
4
4
4
Eleventh Ward.............................
Fifth Avenue (Brooklyn)............
21«
Fourth National...........................
31«
Garfield National (quar.)........... 10
3
Hamilton...................................... .
Hanover National........................
5
Importers’ & Traders’ National. 10
4
Irving National.............................
5
Market & Fulton National.........
4
Mechanics’ N ational..................
3
Mercantile.....................................
3
Merchants’ Exchange National.
Merchants’ National....................
3ia
Nassau National (Brooklyn).......
6
National Bank of Commerce___
4
3
National Bk. of North America..
National Bank of the R epu blic.. 4
6
National Broadway.....................
National Butchers’ & Drovers’ ..
3
5
National Park........................... ..
1
National Shoe & Leather (quar.)
5
O riental..........................................
People’s .........................................
5
iPhenix National...........................
3
^Seaboard National.......................
3
6
Second National...........................
3
State..............................................
6
West Side.......................................
T r u s t C o m p a n ie s .
CPeople’s, Brooklyn (quar.).........
213
Title Guarantee & Trust (quar.)
2
Washington................. -................
4
F ir e in s u r a n c e .
3
raise« lla n e o u s .
American Bank Note (quar.)___
1
Bliss (E.W.)conn.andpref.(quar.)
2
Boston Electric Light (quar.)... $1 50
International Paper pref.(quar.)
lia
Mich.-Penin. Car pref..................
2
New Orleans Gas Light...............
2 ia
N ew York Mutual Gas Light___
(1)
O ld Dominion Steamship............
3
Pacific Coast 1st pref.......... .......
1 }
••“
•*
2nd pref.................
Procter A Gamble'pref. (quar.)..
2
R . I. Perkins Horseshoe pf. (qu.)
114
4
'^Stetson (John B.) pref................
1
Texas A Pacific 0<">al (quar.)__
United Gas Improvement (qu.).
2
United States Mtge. A Trust__
3ia
2
United States Projectile.............
3
Wells, Fargo A C o .... ................
West’ghquse Eleo. A Mfg pf (qr.)
1%

Books closed.
(Days inclusive.)

1898.
June 18.

Differen'sfr’m
Prev. week.

1897.
June 19.

1896.
June 20.

— ---------- to ---------$
$
$
1 July 1 to July 14 Capital................. 59.022.700
60.022.700 60.622.700
1
75,088,800 74.075.700
Surplus .*.............. 75,641,900
Aug.
1 June 30 to July 10 Loans A diso’nts. 610.336.500 Dec. 426,000 518.550.800 474,783,600
]
32,600 13.992.700 14.607.600
Circulation.......... 14.686.700 Deo.
July 20 July 10 to July 19 Net deposits........ 730,976,400 In c.6,765,600 592,528,200 495,329,800
July 29 July 1 to July 13 Specie.................. 187.905.500 [n o.3,723,200 90,050,200 61.554.600
July 29 July 1 to July 13 Legal tenders___ 59,111,400 Inc .3,399,900 106.472.800 82,196,100
July 15 July 1 to July 15
July 11 July 1 to July 11 Reserve held....... 242,016,900 Ino.7,123,100 196,523,000 143,750,700
July
1 June 20 to June 30 Legal reserve.... 182,744,100 In o .1,691,400 148,132,050 123,832,450
July
5—
t o ---------Surplus reserve 59,272,800 Inc. 5,431,700 48,390,950 19,918,250
July
1 ----------to ------------July
1 June 23 to July 5
Foreign Exchange.—The market for foreign exchange
July
1 June 19 to July 1
July
1 June 22 to July 1 has been dull, with a tendency to weakness. The demand for
July 15 July 2 to July 15 both sterling and Continental bills was limited.
June
Aug.

To-day’s actual rates of exchange were as follows : Bank­
ers’ sixty days’ sterling, 4 84@4 84%; demand, 4 85%@4 85%
cables, 4 85%@4 86 ; prime commercial, sixty days, 4 83%
@4 83%; documentary commercial, sixty days, 4 82%@4 83;
1 June 17 to June 30 grain for. payment, 4 82%@4 83; cotton for payment, 4 82%@
July
July
1 June 22 to July 4 4 83 ; cotton for acceptance. 4 83%@4 83%.
June 30 June 22 to July 4
Posted rates of leading bankers follow :
July
July
July

15
1 ---------- to — ______
15 June 28 to July 17
9 July 1 to July 5

> June 29
1 June 22
1 June 23
1 June 25
1 June 21
1
1 June 22
July
1 June 21
July
July
1 June 24
June 30 June 23
July
1 June 23
1 June 22
July
1 June 22
July
July
1 lune 22
1 June 22
July
July
1 June 16
July
1 June 22
July
1 June 22
July
) June 25
July
1 June 21
) ---------July
July
1 June 22
July
1 June 23
1 June 18
July
July
1 June 23
June 30 June 22
July
1 June 22
1 June 23
July
July
1 June 24
July
1 June 22
July
1 June 24
July
1 June 23
1 June 22
July
1 June 24
July
July
July
July
July
July

July
July
July
July
June
July
July
July
June
July
(?)
July
July
July
July
July
July
July
July
July
July
July

to
to
to
to
to

July 4
June 30
June 30
June 30
June 30

to June 30
to July 1
to June 30
to June 30
to July 1
to June 30
to .lune 30
to June 30
to June 30
to June 30
to June 30
to June 30
to July 1
to July 4
to July 1
to June .30
to June 30
to June 30
to June 30
to June 30
to June 30
to June 30
to June 30
to June 30
to June 30
to July 1
t o ---------to July 1

1 June 26 to June 30
1 June 25 to June 30
1 June 25 to July 1
1
30 June 15 to June 30
1 ---------- t o ---------15 ---------- to ------------11 June 26 to July 11
30 June 23 to June 30
I f July 8 to July 15
June 26 to July 11
1 June 20 to June 30
20 July 16 to July 20
15 July 1 to Ju'y 15
15 ---------- t o ------------15 July 10 to July 15
20 July 1 to July 20
15 ---------- t o ------------1 June 25 to July 4
1 June YQ to July 1
15 July 1 to July 15
1 June 26 to July 1

W A L L ST R E E T, F R ID A Y , JUNE 24, 1 8 9 8 .-5 P. M.

The Money Market and Financial Situation.—Thtre is a
noticeable recovery in the tone o f the markets in W all Street
as the week draws to a close, although the volume of
ibusiness is still limited. The depression which followed
-the downfall of the most gigantic grain speculative opera­
tion in recent years seems to have been overcome, and
the apparent certainty that the new Government bonds will
be absorbed without disturbing the money markets or satis­
fying the demand has turned the attention of investors to
other classes of securities. As a consequence sales o f rail­
road bonds at the Stock Exchange have increased day by day
■«during the week.
Military operations are progressing. The landing of Gen­
e ra l Shafter’s army on Cuban soil is regarded as an im­
portant step towards accomplishing the object of the war
.sand encourages the hope that the end may not be far away.
The open market rates for call loans on the Stock Exchange
-during the week on stock and bond collaterals have ranged
ffrom 1 to 1% per cent. To-day’s rates on call were 1 to 1%
p e r 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 £334,006, and the percentage
¡of reserve to liabilities was 49*25, against 48 91 last week; the
■discount rate remains unchanged at 3 per cent. The Bank
of' France shows an increase of 5,625,000 francs in gold and
^52,675,000 francs in silver.
-




¿XVI.

V ol.

June 24.

Sixty days.

Prime bankers’ sterling hills on London.
Docum entary commercial.........................
Paris hankws’ (francs).............................
Amsterdam (guilders) bankers................
Frankfort or Bremen (reiohm arks) b’kers

Demand.

4 85
4 861«
4 83%®4 83%
4 82%a>4 83
5 213,e® 5 2144 5 1915,, ®5 20
40%®406la
401i «®4018
94
958, ft®95%

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
premium; commercial, 25c. per $1,000 premium; Chicago,
20c. per $1,000 premium; St. Louis, 50c. per $1,000 premium.
United States Bonds.—Sales of Government bonds at the
Board include $15,0C0 4s, reg., 1907, at 109% to 109%; $5,000
4s. coup., 1907, at 111 ; $2,000 4s, coup., 1925, at 124% to 124%:
and $500 4s, reg., 1925, at 125.
The following are the closing quotations :
Interest June June June
21.
Periods. 18.
20.

June June June
22.
23.
24.

2 s , ............. ..reg. Q. -Meh. * 95 * 95 * 95 *“ 95 * 95 * 95
4s, 1» 7 ........... ..reg. <3.-Jan. *1081« 109% *10914 *10914 IO914 *1091«
4S, i.a y / 7 m
m
m
m
m
mcoup. Q .-Jan . *111 111 *1103i *110% *110% *111
4s, 19 2 5......... -r e g . <3.-F e b . *124 *124 *124 *124 *124 *124%
124%
4s, 1925........ coup. <3.-F e b . *124 *124
124H *124 *124
5s, 1 9 0 4 ........ ..reg. Q ,-Feh. *1111« *1111« *1111« *1111« *1111« T i l l «
5s, 1904........ coup. <3.-F eb . *1111« *1111« *1111« *1111« *1111« *111%
6s, eur’ ey,’99. . -reg. J. A J. *1011« *1011« *1011« *1011« *1011« *101%
4s, (Cher.) 1899.reg. March. *1001« *1001« *1001« *1001« *1001« *100%
*Thta Is the price hid at the morning hoard; no sale was made.

State & Railroad Bonds.—Sales of State bonds at the Board
were limited to $12,500 Virginia fund, debt 2-3s of 1991 at 71%
to 71% and $6,000 Tennessee settlement 3s at 92%.
The market for railway bonds has been dull but firm. The
investment demand is better on the easy money market, and
in anticipation of July 1st disbursements. Transactions at
the Exchange steadily increased from less than $1,400,000 par
value on Monday to dver $3,000,000 on Thursday.
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 24— ..------- Jan. 1 to June 24----- —,
N. T. Stock Exch.
1898.
1897.
1898.
1897.

Governm entbonds
State bonds...........
R R .& m iso. bonds.

»22,500
18,500
12,961,500

»125,000
16,000
9,085,000

»3,078,000
822,600
377,452,910

»6,998,750
849,500
196,795,590

T o t a l............... »13,002,500
»9,226,000
»382,253,510 »204,643,840
Stocks—No. shares
1,460,299
1,290,990
51,551,161
23,236,302
Par y a lu e ....»1 3 9 ,188,400 »124,461,500 »4,973,690,275 »2,225,435,600
Bank shares, par vaL
$5,650
$2,800
$102,725
»153,910

W e add the following record of the transactions for each
day of the week.
Week ending ,----------Silocks----------. Railroad, <£c. State
Bonds.
Bonds.
June 2 4 ,1 8 9 8 . Shares. Par value.

150,201
283,709
Monday'........
Tuesday............. < 192,358
, 241,209
Thursday..'............! 290,5SÎ
F r id a y ................. , 290,231

»14,185,000
26,947,4 00
18,759,150
23,177,700
28,315,550
28,103,600

»947,000
1,304,000
2.249.000
2.858.000
3.050.000
2,493,500

T otal............... 1,460,299

»139,488,400

$12,£61,500

TT. S.
Bonds.

$7,500
5,000

$10,000
1,000

0,000

10,000
1,500

$18,500

$22,500

R ailroad and Miscellaneous Stocks.—The stock market
was dull and somewhat irregular, with a tendency to weak­
ness until Thursday, when the tone improved and prices
generally recovered. The volume o f business was more lim­
ited than of late, the average per day being about 250,000
shares.
The grangers were active features of the railway list, and
were relatively strong on an increase of $549,370 in North
West’s gross earnings for May, making a total increase in gross
o f $5,073,317 for the fiscal year. Baltimore & Ohio was brought
into prominence by the announcement of the_ reorganization
plan, and declined over 5 points notwithstanding the fact that
the provisions of the plan in regard to the shares bad been
pretty well known

TH E

June 25, 1898.]

223

C H R O N I C L E .— STOCK PRICES (2 p a g e s ) P a g e 1.

New York Stock Exchange— A Daily, Weekly and Yearly Record.
8T O O E 8—H IG H E ST A N D hO W E ST S A L E P R I 0 E 8 .
S a tu r d a y ,
J u n e 18.

M on day,
J u n e 20.

T u esd ay,
Ju n e 21.

W ed n esd a y T h u rsd a y,
■June 2 3 .
J u n e 22.

Sales

F r id a y ,
J u n e 24.

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

W eek.
S h ares

R a n g e f o r y e a r 1898.
O n b a s is o f i o o - s h 'r e lo ts

R a n g e f o i previ­
ous y e a r (1897A

Lowest. H igh est.

L o w e st.

R a ilr o a d S to ck s.
*180
*180
*180
•180
'l l
ïi%
i i j ¿ *11
*11
11% *11
*37
88
•80
88
*30
38
*30
«1 3 % 13%
12% 13
12% 13
12%
32% 82%
82% 83
32% 33
32%
19% 20%
15%
18% 20
« 0 « 20%
*7
*7
*7
7%
7%
7% . 7%
*102
LO0 *102
L06 *102
L06
50% 51%
49% 50%
4 8 % 50%
48%
*28
30
*28
80
*20
*20
29
*04
*64
06
66% *64
60% *01
83%
351%

88%
51%

94% 95
*18% 14Vé
23% 23%
*158
*172
103% 104%
*01% 63%
*107% 108%
14
14%
*71
*32
84%
*23
25
* 0 « 10
♦30
32
98% 99
5149% 149%
124 % 124%

82
50%

82%
51

93% 94%
*13
14
22% 23%
•158
•172
103% 104%
*61
62
*107% 108%
14
14%
*71
*32
*23
25
*9% 10
♦30
32
98% 99%
1148% 148%
124% 125%

»1 0 8
*154
51%
17%
*85
*6
* is %
*35
*n%
*25
52

•
*177
*80

88
51

*83%
§51%

*180
*11
♦37
13%
33%
15%
*0%

49%
28
66%

48%
*20
*04

85
51%

84%
52

94% 94%
* 1 3 ^ 14
22% 23
>158
*172
103% 104%
57
58
*100
L08
14% 14%
*71
*32
*28
24%
*9% 10
*80
32
98% 99%
*148% 149%
124% 124%

94
94
*13
14
2 2 « 22%
>159
*
*172
103% 104%
50% 50%
*106 % 10 8
14
14%
*71
33% 33%
*23
24%
9%
3%
♦80
32
98% 9 9 «
*148% 149%
125
125%
*170V$ 170V§
105% 106% 1 0 5 % l ò è k
*70
77
*75
77
*149
152
*149
153
8
*8
8%
8
§27
27
*27
80
41% 41%
40
41%
§88
88%
15
15
14% 15
*
49
49
*108
*168

•180
*11
11k
§36% 36%
13% 1 3 k
83« 33«
14% 16%
7
*6%
*102
.00
5 0 « 52%
50%
*20
80
30
00%
00% *04
1 1J¿
38
13«
33%
10%
7

83«
51%

84«
52«

95
95%
*13
14
22% 23%
*157«
>172
104% 105«
58
*50
*107
L08
14% 1 4 «
*71
*82
34
*23
24%
*9% 10
§31
81
99% 99%
149% 150
125
L26

Do
p re f.
A tch. T o p e k a & Santa F e.
Do
p re f.
B a lt im o r e & O h io .. .........
L*alt. & O. Southw ., p r e f.

88% /C an a d ia n P a c i f ic .. ...........
51% C a n a d a S o u th e rn .............

3,225

80% M ar 26

Chesapeake & O h io .............

8,00.:.

17% M ar 20
USO M ar 14

C hicago B u rl. & Q u in c y ...
Chicago & East. I llin o is ...
Do
p re f.
Chicago G reat W e s t e r n ...

88,401
1,124

*82
34
Do
5 p.c. pre f. “ A ” ..
24%
*28
D o 4 p.c. p ref. “ B ” ..
§9%
9% Chic. Indianap. & L o u is v ..
§30
31%
Do
pref.
99% 99% C h icago M ilw . & St. P a u l..
«150
150
Do
p re f.
126
126
Chicago & N orth W estern .

Ì0 0

U l eia w are & H u d s o n ........
AA el. L a ck . & W e s t e r n ...

0%
25

6%
*21%

0%
23

*6%
*21%

111
160

12
179
40

*20
♦
*170
*30

26
ii%
179
40

*20

26

177
*30

177
40

*21)
•
§178
*80

12
178
40

Clev. L o ra in & W h e e lin g ..
Cleveland & P ittsb ., gu ar.
C olorado M id., v o t . tr. ct fs
Col. H o ck in g V a l. & T o l . . .
Do
p re f.

Do
p re f.
Des M o in e s & F t. D o d g e ..
Dui. So. Sh ore & A t l.b r e f .
U r i e ........................................
A l Do
1st p re f.
Do
2 d p re f.
E vansv. & T e rre H a u te ..
Do
pref

*21£¿ 25£¿
*22
20
*
*
12
12
C 1 re a t N orth ern , p r e f . . . .
170% 177
*170
178
40
U reen B ay & W e s t e r n ...
40
*30
*80
40% 40%

104
*90

I llin o is C en tral...................
104% 1 0 3 % 1 0 4
105
Í 0 3 % 103% »103% i 08% 104
104% 104
100
100
*90
100
A D o leased line, 4 p. c.
*90
*90
100
*90
*90
100
100
9%
9%
*9%
*9%
9%
9%
9% Iow a Cen tral..........................
*9%
9%
*9%
9%
*31% 33
Do
p re f.
§31% 31%
*31% 83
*30
32
32
*31% S3
33
*5%
*5%
0%
*5%
*5%
*5%
0%
6%
0%
6% J Z anaw ha & M ic h ig a n ...
0%
♦16
J V a n . C ity P itts. & G u l f . .
10
16
16
17%
16% 16% *15% 16%
16
17% *16
5%
*4%
*4%
«4%
*4%
5% K eoku k & D es M oin es........
*4%
5%
*4%
5%
3%
*18
19
19
Do
p re f.
*18
19
19
*17
*18
*17
19
19
*17
*80
35
*30
>30
85
35
*30
35
*30
*30
35
35
*4
10
9%
*4
9% K in gston & P e m b r o k e .. . .
*3% 10
*4
*4
*4
9%
9%
*15
10
10
T ake E rie & W e s t e r n . . . .
*15
16
10
*15
*15
*15
16
*15
10
572% 72% §72% 72% *71
p re f.
72
71
71
71% 71% »72% 72% l i D o
1ft7X¿ 1871^ ♦187U 190
189% *189%
*189%
*189%
♦
191
C on vert, c tfs . o f deposit.
*50
53
*50
52
■50
52
50% 50%
50% 50% §49% 49% L o n g Isla n d...........................
52% 5 2 « L o u isv ille & N a s h v ille .. . .
52
52% 52%
51% 52%
51% 52%
5 1 « 52%
104 % 105% 1 0 4 % 1 0 5 % 1 0 4 % 1 0 5
1 03 % 104% 1 0 8 % 1 0 4 % 1 0 3 % 1 0 4 % M an h attan E le v., c o n s o l.
100% 161
159% 162 % 1 6 0 % 1 0 1 % 1 5 9 % 1 0 1
1 5 9 % 1 6 0 % lU L etropolitan S tre e t........
160% 101
5%
5
5
*4%
*4%
*4%
5%
*4%
5%
5% M exica n Central..................
*4%
♦
*1
*1
Ik
*1
1%
1^
•a?
1W M exica n N at’l .tr. r e c t s ...
1«
110284 102% 1 0 4 % 1 0 4 % 104
M ichigan C en tral.................
104
104% 1 0 4 « 105
1 0 4 % 1 0 1 % 8104
M in neapolis & St. L o u is ...
*27% 29
*27% 29
*27% 29
♦27% 29
» 7 « 28% *27% 29
*9 0 % 92
90% 90% «90% 90% §90% 90% §90% 90% §91
91
Do
1st p re f.
•oí
62
02
*61
*61
62
*00% 61%
Do
2d p re f.
60% 62
61% 61%
•e
*6
*0
*0
*6
*6
12
M o. K ansas & T e x a s ..........
11% *11
11% § i i % 11%
ii«
ii%
11«
11% 11% *11
84
34
33% 33% *33% 34
32% 33%
3 8 « 33%
83% 34%
Do
p re f.
: s 4 % 35
34% 84%
34%
30% M lssour« P a c ific ...................
34% 85%
35
34% 34%
*26
2 7 k * 2 5 k 2 7 k *26
28
*26
28
*20
28
*26
28
* 1 6 7 % 1 7 0 % 1 7 0 % 1 7 0 % * 1 0 7 % 1 7 0 % *167% 170% * 1 0 7 % 1 7 0 % * 1 0 7 % 1 7 0 % M orris & E s s e x .....................
1 1 4 % 115%
*13
13%
*05
70
*81
35
•Ì88**
15
*00
*14%
51H

115% 110%
*13
13%
*05
75
*30
34%

115
*13
*05
*30

116%
13%
73
85

*188
15
*60
*14
51%
27%
67%

15
66
10
51%
28%
68%

*188
*15
*00
*14
51
27%
68%

51%
71

*50
71

» - ** » t

08

15
60
16
51%
28%
68%

♦ 49
* 70

51%
72 %

ô i%

71

15%
66
10
51
28«
68%
52
71

115% 116
13% 13%
*07
67%
*80
35

116 % 117%
*12% 14
*67
73
*80
35

51
72

*50
71%

51%
71%

T h ese are b id and ashed p rice s ; n o sales o n th is day.

OUTSIDE SECU RITIES
S tre e t R a ilw a y s .
N E W Y O R K C IT Y .
B le e ck St & Fu l F —S tock .
let m o r t 7s 1 9 0 0 .. .J&J
B’way & 7 th A v e —S tock.
1st m o r t 5s 1 9 0 4 .. .J& D
2 d m o r t 5s 1 9 1 4 .. .. J&J
Con 5s 1943— See Stock
B’way S u rf 1st 5s g u . 1924
2d fislat as r e n ta l. 1905
Central C rosstow n—S tock
let M 6s 1 9 2 2 ........ M &N
C en Pk N & E H iv—S tock
C on sol 7s 19n2..
3*0




B id.

A sk .

32
101
210
«105
«110
E x ch l
114
«105
240
«118%
180
«109

33%
104
220
100
112
ist.
110
100%

111%

1 1 0 % 1 1 6 % AH Y . C entral & H u d s o n ..
*12% 13% N. Y . C h icago & St. L o u is .
867% 67%
Do
1st p re f.
85
*30
Do
2d p re f.

N. Y . L a ck . & W e s t e r n .. . .
51 P O U 1 QÙU *187 19ú
*187
190
15
N. Y . O ntario & W e s t e r n ..
*14% 15% *14% 15%
15
*60
•66
*00
66
*00
00
*14
*14
10
10
10
*14
52
52
51% 5 1 «
Do
p re f.
5 1 « 51%
3 0 « N o r .P a c . R y ., v o t. t r .c t fs .
2 8 « 29%
29
27% 28%
68
68%
08% 69%
69% 70%
Do
p re f.
51
*71

(G iv e n

at

M ar 12
M ar 12
M ay 6

Central o f N ew J e r s e y .. . .

95% 96%
*13% 14%
23
23'
*157
*172
105
105%
59
*100
L08
14% 14%

106
J107% 107% §109
109% * 1 0 5 % 111
* Í07
111
108
*154
158
*154
100
160
*154 100
*154
100
*155
12%
1 2 ^ 1 2 ^ *12
*12
13
*12
13
*12
50% 50%
51%
50% 50%
5 0 « 50%
50% 50% *50% 51%
*16% 17%
10% 17% *16% 17%
10% 16%
17%
10% 17
*80
*80
*80
*85
*80
*0
8
¿
*0
8
*0
*6
8
*6
8
8
14
§13% 13%
13% 13% §18% 13%
13% 18% *13% 14
35% 35%
35%
30
*35% 35% §35% 35%
35% 35%
*17% 17%
17
17
*17% 18% *17
17
18>, §17
18k
*25
27
2r
*25
27
*25
27
*25
27
27
*25
*50
53
52
§50
50
*50
53
§52
52
*50
53

0%
*21%

35
25
62

4
21
12
25
19

72 A p r 21
44% M ar 12

Chicago R o c k Is l. & P a c . .
Chic. St. P . M inn. & O m ...
Do
pref.
Chic. T erm in al T r a n s fe r ..
Do
p re f.
Clev. Cin. Chic. & St. L . . . .

25

34 J an
10 % A p r
22 «M a r
12 «J a n
5% Jan

1,600
1,055

100 % 1 0 7 «
77
♦70
*150
L58
*7%
8k
30
♦27
40% 43

14%
♦
*108
5%
14
*6%
0%
*21%
25

44,597
38,104
39,59
10<>

B rooklyn R a pid T r a n s it ... 114,08i
Buffalo R o c h . & P ittsb u rg .
Do
p re f.

1 0 0 « 107%
77«
77
152
L52
*7%
8%
*27
31
41« 42«
*87
89
14« 15«
14%
49
49
§10914 169k,
5%
15
0%
6%
6%
25
*21% 25

105% 106
105
106%
570
70
76
70
*150
153
*150
153
*8
8%
*8
8%
526% 86% §26% 26%
41
41% 42%
42%
88
88
14% 14%
. 14% 14%
¥
49
49
*109
*108
6%
*23

88
51

38
13
S3«
18%
7%

*50
*71%

51% y j r.R R .& N . C o.vot.tr. c fs .
73
D o pref., v o t. tr. c t fs .

8 5 « M a r 26
49 A p r 19
102 Jan 7
10,445
9 % F e b 24
28 M ar
20 A p r
7 F éb
28 A p r
83% Apr
140 A p r
H 8% M ar
103 Jan
80 M ar
65 M ar
§148 Jan
4% Jan
22% Jan
25 M ar
77% M ar
1 l% M a r
45 M ay
17Ò J ’ n e
5 % J ’n e
14 J ’n e
5 M ar
17 Jan
$99%M ar
i 04 " A p r
144 % A pr
10 A p r
40 A p r
8 « Apr

180 F e b 3
15 F e b 8
40% Feb 7
14%.J’n e 6
3 4 « J ’ n e 11
2 1 % J ’ n e 17
7 «F eb 8
105 M ar 9
5 3% J ’n e 11
SOWJ an 6
67% Jan 8
74% M ay 24
90% J an 20
5 7 « Feb 5
70 J an 25
98% Jan 7
14% M ay 28
24«F eb 1
1 6 6 «J a n l4
§100 M ar 14
1 0 7 « J ’ n e 11
60 J ’n e 1
ll8 % F e b 1
16% Jan 8

15
21
24
16
21
25
12
8
25
12
5
3
3
12
9
26
2
7
28
23
18
7
18
2Ì
21
20
21
21

177% A pr'
15% Au*
40 A n i
17 Sep.
8 5% Sep.
21% S ep.
9 «S ep .
100 O ct.
S 7«D ec I
31 D e e
0 8 % D eo
70 A u g ■
82 D e c i
62% Sep. i
63 D e e !
lOSW Jan.
18 Sep.
27% Aug
170 M ar

175%N ot

S 0 « J a n 28
2 5 « J a n 14
10W Jan 14
33% Feb 2
02% J*ne 1
150 J ’n e 23
l3 0 % F e b 11
175 M ar 7
108 % J’n e 1
79% M ay 25
155 F eb 28
9«M ar 8
88 F e b 5
2 l % i ’ne
44% J ’n e 17
63 J 'n e
8 8 % J ’n e 14
19% Jan 12
89 N o v
50 % F eb 9
20
170 J ’n e ■ 161 A p r
105
5% J ’ n e 23
514
§18% J ’n e 18
1,000
l% A p r
8 % F e b 10
14 A u g
25 F e b 9
§ 9 9 « M a r 18
295
114% F eb ‘
99«A p r
140% M ay
159 F eb
9% A pr
io o
13 J a n 12
2,802
5 2 % F e b 9 86 A p r
1,050
7 Apr
20 J ’n e 10
81 A p r
5 D ec
5 Apr 4
7«F eb 5
4 81 11 A p r 21 1 0% F eb 4
11% A p r
1,075 2 9 % A p r 22 4 3 « F e b 11
27 A p r
102 1 5 % A p r 22 2 1 « F e b 11
15% M ay
20 J ’ ne
22 M ay 9 20 M ay 11
220 40 Jan 18 52 J ’n e 10
28 A n g
10 M ar 12 14 % F eb 14
7 J ’n e
8 0 ^ M a y 1Ö 43 Jan 28
80 M ar
21 Feh 8 28 M ar 5
7 % J ’ ly
12 N ov
16% Jan 31
410 130 Jan 12 179 % J’n e 11 120 Jan
27 % A p r
§30 Jan 7 32% Feb 24
i 4 0 % J ’n e 23 49 Jan 27
50 D eo
3 % D ec
6% Jan 25
4 ~May 7
91% A p r
2,873 90 A p r 21 1 0 8 « J a n 81
88 Jan
§94 F e b 18 394 F e b 18
6 Apr
174
7% M ar 18 10 J ’n e 11
23 J ’ ne
108 25 A p r 28 85 % J ’n e 11
4 J ’ ne
6 F eb 2
0 % F eb 2
1 7% D ec
300 15 A p r 26 24 % F eb 10
2 F eb
8 Jan 27
5 % J ’n e 11
12 M ar
15 M ay 12 18 % J ’n e 14
82 F eb
34 Jan 31
1 Aug
2 M ay 19
2 M ay 19
13 M ay
12% M ar 14 1 8 « F e b 8
58 % A p r
295 60 M ar 14 7 0% F eb 8
100 1700^.1 an 4 194% Jan 29 152 Jan
1 80 % A pr 19 190 M ay 27
240 40 ” Jan 20 51 J n ’e 1 88 De<?
40 % A p r
21,008 44 A p r 21 0O%Jan 31
81% M ay
41,985 91 M ar 20 120% Jan 14
9 9 % O ct
23,574 125 % M ar 20 171 % F eb 14
6 Aug
100
6% Jan 8
4%,J’n e 15
1 N ov
l% M a y 2
1 F e b 10
90 Jan
747 99% M ar 12 1 1 4 « F e b 8
16 M ay
200 24 M ar 11 3 0 « F e b 15
77% M ar
148 84 M ay 14 90% J ’n e 7
46 Feb
400 40 M ar 20 63 J ’n e 8
6 D ec
0 !¿M a r 11
7 M ar 11
10 A p r
1,100 10 A p r 18 14% Jan 26
2 4% A p r
2,945 28% M ar 12 41 J an 28
10 M ay
17,287 22 M ar 12 3 6 % J ’n e 11
18 J ’ ne
32 % F eb 7
100 §107% Jan 4 3175 Jan 14 162 % J’n e
60 J ’n e 1 70 Jan
92% F eb
14,219 105 M ar 26 119% Jan 28
11 Feb
300 l l « M a r 14 1 5 « J a n 31
07«A p r
30 73 F e b 19 76 J an 31
24 F eb
28 M ar 25 40% Jan 29
5320 Jan 5 295 F eb
1120 A p r 20 S 12S % F ebl6 119 Jan
H) 51 781^.Trti 7 §195% F eb 2 160 F eb
12% A p r
810 1 8 « A p r 25 1 8 « F e b 2
05 Jan 28 65 J a n 28
9 Apr
1 1 ^ A p r 21 17 F e b 7
22% M ay
1,050 42% M ar 12 50 % F eb 7
11 A p r
88,404 19 F eb 24 31 % J ’n e 0
32% Jan
53,981 5 6 « M a r 12 7 0 % J ’n e 6
5% N ov
7 M ar 5
7 M ar 5
10 A p r
265 85% Jan 7 5 4 % F e b 1
37«Ja n
310| 05% M ar 29 74 J ’n e 11

17.
39
78,119
255
4,250
40
39,277
510
150
108
115
2O,05i
180
2,65(

102% Sep.
61 Sep.
103 Sep. '
20«A u g
75 ■D e e
43 Sep.
38% S ep.
13 A u g
88% Sep.
102 Sep.
146 Sep.
132%Sepb
105% 8ep .
1 97% S ep.
8 9% Sep.
l5 0 % D e e

4 9 % D ee
168% S ep

18 Jan
46 Jan

55 J a n
03«S ep
113 Sep*
133% D ea
9% J’ ly

2%Au»

m % S e p -i
3 l% S e p
90 Sep,
62%Sej>1
6 D ee
1 0«S ep ,
42 S ep
40% Sep
32 Aug
173% D eo
85 S e p
1 1 5 % S ep
17«S ep v
81% Sep
43% Sep
325 D e e
122 M an
18 5% Sep,
20%Sep>
17%Sep*
48% D e«
22% D ee

01% Dee
8% D ee
41 Sep¡y
73 % 8 ep

3 L ess th a n 100 shares.

foot of

7

c o n s e c u t iv e

B id. A sk.
S tre e t R a ilw a y s .
100
C h n s t’ p ’r & 10th S t-S to ck 150
1st m o r t 1 8 9 8 ........A& O 100% 108%
Col& 9th A v e 5s-S ee Stock E x o b i 1st.
D D E B & B a tt’ y—S t o c k .. 175
195
1st g o ld 5s 1 93 2. ..J & D «1 1 4 % 116%
Scrip 5s 1 9 1 5 ..........F & A 100
103
E igh th A v e n u e —S t o c k ... 320
Scrip 6s 1 9 1 4 ................... 108
4 2d & G r St F er—S tock. 1. i 330
800
42 d St M an & St N A v e . .
60
05
1st m o rt 6s 1 9 1 0 ..M&S 113
110
2d in c o m e 6s 1 9 1 5 . J&J
90
95
L e x A v& P a v F 5s-S ee Stk E x ch 1 1st.

pages).—

s tr e e t R a ilw a y s .
M etrop olitan —See Stock
N in th A v e n u e —S t o c k .. . .
S econ d A v e n u e —S t o c k ...
1st m o r t 5s 1 90 9. .M & N
D e b e n tu re 5s 1909..T&J
C on sol. 5s, 1 9 4 8 ...F & A
S ixth A v e n u e —S t o c k ... . .
So F e r 1st 5s 1 91 9. .A & O
T h ird A v e n u e — See Stock
1st m o r t 5s 1 9 3 7 .. . J&J
28th & 29th Sts 1 st 5 s .. ’ 90
T w e n ty -T h ird St—S tock .
D eb 5s 1 9 0 0 ......... ..J & J

STREET RAILWAYS, &c.

B id. A sk .
E x ch 1 1st.
180
170
172%
109
«107
108
«105
«113
113%
200
210
«1 0 7
E x ch . list.
122%
121
110
«108
325
103

¡S tre e t R a i l w a y s .
U n ion R a ilw a y—Stock
1st 5s 1 9 4 2 ............. F & A
w e s t c h e s t 1st 5 s ’ 43..J & J
BROOKLYN .
A tla n . A v e ., B ’ klyn—
1st 5s 1 9 0 9 ............. A& O
C on 5s g 1 9 3 1 ........A & O
B. B. & W .E . 5s 1 9 3 8 .A « 0
B ro o k ly n C ity—S t o c k .. . .
C on so 5s 1 9 4 1 ........J& J
5s 1 9 3 9 .......................J&J

B id.
175
«1 1 2
«1 0 9

A sk

200

«1 0 5
§100
10
85
85
211 % 214.
i 14
vtit.
200
«114%

«

11B3K

T H

1224

E

C H

R O N

I C L E .— S T O C K

P R IC E S

S T O C K S —H IG H E S T A N D L O W E S T S A L E P R I C E S .
S a tu r d a y , M o n d a y ,
J u n e 18. •June 20.

T u esd a y,
J u n e 21.

*68
•168 •7
19
, 45%
88%
*178
25%
*64%
*181%
*7
61
21%
*7
63%
80
*5
* 11 %
*18
*78
•141
18%
*8%
129%
11%
»178
* ......
♦..........

28 % 28% *28
31
*28
29%
1 1 4 % 1 1 4 % 1 1 5 % 1 1 5 % 5115% 115 %
*1%
2
*1%
2
*1%
2
*4
6
*4
6
*4
6
•42% 45
4 2 % 42%
*43% 45
*63
68
*63
68
♦63
68
68
.......... 168
.......... *168
.........
.......... *168
*7
8
*7
8
*6
8
8
19
19
*19% 19% *1 8 % 19
19%
45%
45% 45%
4 5 % 45%
4 5 ': *45
23% *22% 23% *28% 23% *22% 23%
.......... *178 .......... *178 ..........
.......... *178
25% 27
*26
27
26% '2 5 % 27
64% *64% 66
65 % 66%
66 I *64
*121% 123
121% 123
121% 123
123
•7
8
»7
7
*7%
8
8
61
61% 161% 61% »61% 61%
61%
21% »20% 20% »19% 19%
21% *20
*7%
7%
7%
7%
*7%
7%
7%
64
163% 63% x 8 1 % 61%
63% 164
2 9 % 2 9 % *28% 28%
2 9 % 29%
30
*5%
5%
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6
5%
5%
6
12
11% 11% *11
*11
12
12
*18
22
22
*18
22
♦18
22
*78
84
*78
88
83
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143
1 4 1 % 1 4 1 % *141
143
142% *140
18% 19
18% 19
18% 18%
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8j
8%
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2 9 % 30
29% 29%
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29%
11% 11% *11% H % '1 1 % 11%
H%
174 175
1178% 173% »175 175
173
25
■.......... 25
. . . 25
25
■.......... 45
45
. . . 45
45

” 88 % * 8 8 %
; 5 8 % 58%
7%
7%
*7%
7%
19% 19%
90% 9 0 %
2
2%
HI
12%
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8

22%
58%
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19
91%
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111
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23%
59%
r :
7%
19
911
2'
11
3
8

22%
58%
7%
«7%
♦18%
91%
m
11%
*2%
*3

F r id a y ,
J u n e 24.

W ednesday T h u rsd a y,
J u n e 22.
Ju n e 23.

¡2 9 % 29%
1 1 6 % 115 %
*1%
2
*4
6
44
44

23
59%
7%
7%
19%
91 %
2
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3
8

22%
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65
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*6
19
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45% 45%
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178 ..........
27
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67
68
121% 123
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61
61
»1 9 % 19%
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7%
*60
61%
28% 28%
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5%

11

H%

*18
22
*78
84
»140% 140%
19
19%
58%
8%
2 9 % SO
11% 111
174 175
.......... 25
. . . . . . 45
22%
59%
7
*7%
18%
92 %
1%
*10%

STOCKS.

23%
60%
7%
*7%
18%
92%
2%
*10%

2.

200 19%Jan 3 83%Feb 17
8,616 L10%Mar 12 l20% Feb 7
2%May 23
%Jan 7
5%Feb 11
4 Feb 28
800 3 814Jan 5 4?% M ay 2
10 57 Mar 23 71 Feb 7
11 168 Feb 25 171%Feb 11
7 J ’ne 17
5% J’ne 11
2,090 15%Mar 25 23%Jan 6
1,24« 80 Mar 12 54%Feb 8
950 !8% M ar 26 29 Jan 6
182 Jan 20 »185 May 20
800 22 May 11 27 J ’ne 6
1,465 50%Mar 15 68 J ’ne 23
100 S116%Mar26 §123 Jan 4
8% Feb 11
5%Mar 7
50
1,1 16 45 Feb 24 88 J ’ ne 11
189 13%Apr 25 23%.1’ne 11
8%J’ne 8
6 Mar 26
131
545 52%Mar 12 65%J’ne 6
1,480 22%Feb 24 32%.J’ ne 1
5%J’ne 17
3%Jan 24
300
7% Mar 12 12%J’ne 7
440
20%Jan 6 25 Jan 8
78. Apr 20 87%Feb 14
200 123%Jan 12 145%J ’ne 2
1,905 12 Apr 13 22 Jan 12
9%Feb 10
7 A pr 21
558
2,504 23%Mar 26 33%Feb 11
8%Mar 12 12%Feb 15
1,600
914 155 Apr 21 !94% Feb 16
U5 Feb 10 §15 Feb 10
¡38% Feb 8 §40 Feb 10
16%Jan 12 20 A pr 4
12,445 10%Mar 25 25% J’ne 6
56,022 45%Mar 12 63%Feb 2
5% Apr 20 10%Feb 18
4,76i
7% Jan 12
6%Mar 25
10
2,395 14%Mar 7 20%May 9
8,300 87% Apr 25 102%Jan 8
3% Jan 11
l% M ar 29
1,660
13v
9%Mar 12 16 Jan 12
3% Jan 17
%Jan 6
100
5 Feb 5
5 Feb 5

S

T

A

B

Q
S

.........

U

.....

W

OUTSIDE SECU RITIES




.

13% Jan
7 Apr
22 % A p r
8 Apr
16 May
20 Sep
9% D ec

1 4% D eo

1 Apr
4% M ar
ll% A p r

(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 ) . — STREET
S tr e e t H a llw a y » .

K ings Co T ra ctio n —S tock
Nassau E le c 5s 19 4 4. A AO
N e w W in b ’g A F Ils te x .4 % s
N Y A Q u s C o 5s 1 9 4 «. A AO
S te in w a v ls tfis l 928.JA J
O T H E R C IT IE S .
B a lt C on sol—Stock —See
B ridgep T r - ls t 5s ’ 23.JA J
B uffalo Street R y—S tock.
1st co n so l 5s 1931 .F A A
C rosstow n 5s 1932M A N
C h icago City R R —S to c k ..
C itisen s’ St (In d ’ nap )-S rr

B id.
60
100
101

9% Mav
52% F eb
21% Dec

6% N ov 15% Aug
15 Dnc 36 A u g
09% M ar 159% S ep
l00% Jan 121% S ep
94 J ’ ne
8 5% Jan
67%B’ eb 96 % A u g
115 A u g
16% A u g
3% O ct
85 Jan 137 Sep

32>aSep
101% Jan
97 Feb 115% A u g
28%Ma> 41% Sep

O
P

- 2

1

E

N

105
101%
108

1

2 Aug
% J ’iy
5 Sep
2 O ct
15% J’ne 27% S ep
70 Nov 85 M ay
7% Aug
8 % J ’nc
136%Jan 241% S ep
28 N ov 41 % J ’ ly
80 J ’ne 9 0 % J ’ly
35 F eb 37% M ay

L

23
99
109
List.

% J ’n e
5 Apr
l l% M a r
4 4 % J ’ne
1 BO M ay
4% A u g
16% A p r
38 % A p r
22 % A p r
l 75 O ct
14% J’n e
25 May

C

a*

Ask.

17 % J ’ly

1

M ls c t lla n ’ s S to c k s.

220 t97% Apr 29 §180 Feb 10
dam s E x p re ss ...............
100% 102
1100 101 5100% 101 *100 102 §100% 101
• 100 102
845 15%Mar 25 23%Jan 10
m erican C o tto n O il...
21
21 %
21
21
20% 20%
20% 20%
20
20
8 0 % 20%
66 Mar 14 77% Feb 1
444
Do
pref
73% 73% 174% 74% §74% 74%
74
7 3 % 73%
74
»7 8 % 74
22 May 13 22% J’ne 7
22% A m erican D istrict T e l . . .
22% *20
22% *20
22% *20
22% *20
20
*20
22%
¡116
Jan 5 130 Feb 14
51
A
m
erican
E
x
p
re
ss.............
127
130
*127 130
*127 130
127 130
♦127 130
»187 127
25 May 5 29%May 0
A m erican M altin g ...........
*26% 27% *.......... 28
' .......... 27% ; ........ 21
*26% 2
*86% 28
622 70%May 5 . 79%May 9
D
o
p
re
f
§78
78
§79
79
78%
79
§79
79
7 8 % 78%
*77% 79
6%Jan 20 15%J’ne 9
17,980
14% 14% A m erican Spirits M f g . . . .
13% 14%
13% 14%
13% 14%
12% 13%
18% 14
3,325 16 Mar 26 89 J ’ne 13
Do
pref
36% 37
86% 87
37% 37%
36
37%
85% 36%
*36% 87%
107%Mar
26 145%J’ne 6
246,868
A
m
erica
n
Sugar
R
efining
1
2
9
%
1
3
1
128% 131% 128% 131%
1 3 0 % 1 3 2 % 130 % 132% 1 3 0 % 1 3 3
049 103 Mar 25 116 Jan 6
Do
pref
111% 111% 111% 112%
1 1 2 % 1 1 2 % 1 1 1 % 111
•112% 118 % 1 1 2 % 1 1 8
20( ¡88 Mar 29 §94 J’ne 2 '
»94
94
*..........
94
94
♦.........
»94
94
193%
93%
*91% 98%
125,352 83%Jan 24 117%J ’ne 24
1 1 5 % 1 1 6 % 114 % 116% 1 1 6 % 1 1 6 % 114% 115% 1 1 4 % 1 1 6 % 1 1 6 % 1 1 7 % A m erican T o b a c c o . pref.
515 112%Mar 11 119%May 24
Do
¡118% 118% 120 120%
»119 119
119 123
*119 124
119 119
102 78 Mar 14 93 J’ne 10
D
o
92%
92%
92%
92%
92
92
92 % 92% »91% 91%
(9 2
92
5%Jan 2)
5,285
2%Mar 21
ay S tate G a s .............
3%
3%
3%
3%
3%
3]
3%
3%
3%
3%
8%
3%
937 106 Mar 26 125 Jan 24
rooklyn U n ion Gas.
1
2
3
%
1
2
3
%
*122
124
*123
125
123
123%
121
122%
120% 120%
14 J ’ne 6
762
9
J
’ne
8
Brunsw.
D
ock
A
C.
Im
pvt.
*11
11%
*11
12
11
11
H % »10% 11%
§120 J ’ne 4
11% H% 11
hic.JU nc. & U .S.Y d, pfc
%Jan 28
% Apr 7
olora d o Coal & I. D evel.
1
1
*%
1
1
*%
1
1
*%
*%
*%
2% Apr 8
D
o
I
*1%
3
3
3
*1%
3
2%
*1%
2%
*1%
*1%
300 17 Mar 12 20% Jan 11
C olorado F u e l & Iron .
*21
22
*21
22
21
22
*21
21%
*21
*81
81%
Do
1
.......... 90
1.......... 90
1.......... 90
90
'.......... 90
* ......... 90
7% Jan 13
4%Mar 25
*5%
6
*5%
6
*5%
6
*5%
6
*5%
6
»6%
«%
2,720 167 Mar 26 205%J’ne 9
1
9
6
%
1
9
7
1
9
5
%
1
9
6
1
9
6
%
1
9
7
%
197
197
195
196%
195 195
38
J ’ne 14
620
27%Mar
25
C
on
solidated
I
c
e
.
.
..
»37%
379
3736% 36% *36
8 6 % 86% *36% 36%
86% 86%
114 83% Apr 28 91 Feb 15
pref.
Do
90
90
*88
93
*88
93
94
*88
89% *88
•89
94
§45 Feb 14
50
40
May
17
C
on
solidation
Coal.
*43
48
*43
45
»44
44
*43
48
*43
45
•43
45
99% May 24 99%May 2 *
Consol. K an. C. L . & R . .
45 Apr 20 62% J’ne 22
D etroit G a s...............
60
63
63
6 2 % 62% *61
61 % 62
6 1 % 61%
60% 60%
500 01%May 20 06 Mar i .
astern E levator.
62
63
* .......... 61
110 119 Apr 3 135 Jan 20
dison E lect. 111. (N . Y .)
130
§130
■125 130
126
126
*125 130
*125 130
•125 180
!06 % J ’ne 17 111 Feb 8
Edison E lect. 111.
*105 108
3,163 29%Mar 12 89%Feb 7
37% 88% G enera i E lectric.
37
37%
3 7 % 37%
37 % 87% »37% 38
8 7 % 88
2,575 15%Apr 22 30%Feb 15
J_Jawaiiau Com . & Sugar.
24%
24%
24%
24%
24%
25
23%
25%
22
22
24
24%
10 § 87% J’ne 2C 92%Feb 10
L. B. Clafiin C o.
187% 87%
43 Apr 2 50 May 21
*48
*48
....
*48 . . . .
*48
*48
....
*50
....
1,435 44% Apr 25 60 J ’ue 1
Illinois S te e l.............
56%
57%
55
57
55
56
57%
*54
56
56
55
55
2,210
37%Mar 25 52 J ’ne 8
a
cle
d
e
Gas
(St.
L
o
u
is)
*48%
50
48%
48% 49% *48% 49%
48
48% 48%
4 8 % 48%
85 Mar 12 94%Jan 14
Do
*90
*90
98
♦90
93
93
*90
•90
93
*90
93
5%Jan 24
4 Jan 20
*8
*3
6
*8
6
6
*3
•8
6
45 Mar 2t §53 J ’ne 10
lV_Laryland Coal, p re f
*50
*50
54
54
53% *50
*50
53
*50
53% *48
140 Mar C 145%Feb 10
M ergenthaler L in o ty p e . .
$54 Jan 21 §54 Jan 29
M ichigan P en in . Car, p re f
711 57 Jan 2( 75%May 31
78% 73% M innesota I r o n .. . . .
72% 72%
78
78
*73
75
78 % 74
^ 3 % 74
6( 20%Mar 2t 37%J»ri 7
a
tion
al
L
e
a
d
......
♦34
35
*33%
35
*38%
85
*33%
35
»84% 34% 183% 33%
470 99 A pr 22 109%Feb 10
Do
p re f
107% 107%
107
»107% 107% '1 0 6
¡107 107
106
»107% 107% 106
885 15 Mar 25 2l% M ay 23
N ational L in se e d Oil
16
17
17
18
18
19
«18
19
17% 17% *18
9 Feb 10
5 A pr 25
........
N
ational
S
ta
rch
7
*5%
7
*5%
*5%
7
7
*5%
7
*5%
*5%
7
51 60 Mar 25 80 Jan 18
Do
1st p re f
80
*65
78
»65
*65
65
80
*60
80
*60
*60
80
30 Jan 27 30 Jan 27
D
o
2d
pref
30
*18
80
*18
*18
SO
30
*18
25
*18
*18
80
,
22C
8%J’ue 24
6% Apr 15
New Central C o a l.. .
8%
8%
*7%
*8
8%
*7%
7%
7%
*7%
8%
.
77c 14 Apr 5 51 J ’ne 3
i l * N. Y . A ir B ra k e .......
»43
43
*40
4 !“
*41
42% *40
44
4 3 % 44%
1,0
u
4%Jan
15
6%J’ne
8
N
orth
A
m
erica
n
Co
*6
6:
»M
6%
6%
6%
6%
6%
6%
6%
4 J ’ne 11
8%Jan 4
.
2<
n tario Sliver,
5
3
*3
I*
*3
5
*8
5
*3
*8
5
10C 19 Jan S 31 May 6
r
30
♦29
29
29
SO
*29
*28
30
8,314 21 A pr 21 82%Feb 4
acific M a i l . .. . ..........
29% 29%
29
2 8 % 29
29
29
28% 28%
*28
28%
§825 Mar 23 §350 Feb 25
en n syl vanla C o a l.........
*840
..
*840
..
'3 4 0
....
♦840
*830
«825
86%Mar 2c 104%May 3)
j
111,575
P
e
o
p
le
’
s
G
as-L.
&
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(C
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95%
96%
96
95% 96%
95% 97%
94% 97%
9 5 % 97%
105 Mar 12 193% J ’ne 23
.
:
7,847
1 9 0 % 1 9 3 % 1 9 1 % 1 9 3 % P u llm an’ s P alace Car. . . .
191
1 8 9 % 1 9 1 % »191
188% 189
»189 189
2%Jan 7
2 Jan 2f
u icksilver M in in g........
*2
2%
*1%
1%
*2
2%
*2
2%
*2
2%
*2
2%
6%J’ne 18
10C
5 J ’ne S
Do
pref
*5
8
♦6
8
♦6
8
♦6
8
*6
8
6%
6%
56%Apr 4 58 J ’ne 10
ilv e r B u llion C ertiflc’t ’i
60
♦58
59% ♦58% 59% *58% 59% *59
59
* 5 7 % 58% *58
t43%.Tan 21 §147 Jan 24
tandard G as (N. Y . ) .. ..
7 May 23
1,086
8%Jan i
6%
6% Standard R o p e & T w in e .. .
5%
5%
»5%
5%
*5?
6%
6%
6%
6
6
rP e n n . Coal Iro n & R R .. . 11,895 17 Mar 12 28% Jan 11
2
4
%
25%
2
3
%
.
25%
23%
24
24
23»
23
%
23
%
24
24
7%J’ne 8
5 May 27
.........
L exas P a cific L a nd T ru t
2( 38 A pr 14 »45 Feb 9
nited States E xpress
44
»40% 40% *40
*40
44
44
*40
*40
44
• 40
44
8%May 24
.
1,30C
5%Apr 25
n
ited
States
L
e
a
th
e
r
§7%
7%
7%
7%
7
%
7%
57%
7%
7%
7%
7%
7%
Do
pre . 10.58C 53%Mar 2C 69%May 25
6 5 % 65% *65% 65%
65
65%
66
65
65% 66%
65% 66%
14%Mar 12 24%J’ne 18
28 % 24% U nited States R u b b e r ... . 22,191
23 % 24%
22% 28%
24
23
23
24%
23% 24%
4,09i 60 Mar 12 87 J ’ne 18
D
o
85%
85%
8
4
%
85%
83 % 84%
84
83
83
85
84 % 87
.
82(
ill2
^ .V lay 5 §124 J ’ne 24
ells,
F
a
rgo
&
C
o
.
»122% 122% »122% 124
123
»120% 120% §123
*120
....
•120
e ste ra G as (M ilw .l.
.
2,531;
82%Mar
2e 95 J ’ne 24
W
e
s
te
rn
U
nion
T
e
le
g
’
ph.
93%
95
9 1 % 93%
9 1 % 92
9 1 % 92%
91%
91% 9 2 % x 9 0
» L e ss th a n 100 shares.
* E x d iv id e n d o f 100 p er c e n t in bon d s.
* T h e se are bid an d asked p r ic e s ; n o sales o n th is day.

Bid.
S t r e e t K n il * » e v e .
B k lyn C r«s8tn 5s 1908. JAJ 105
20
B ’ k lyn E lev, all ass’ ts pd.
98
B k ln H g t s ls t 5s 19 4 1 A AO
B O n sC o.A S .— 1st 5s. 1941 107
B k lyn R a p .T ra n .—See Sto ck E x .
O al.Cem G r.A B ’k y n ls t 6s 110
C on ey Island A B rooklyn . 200
1st 5s 1 9 0 4 ............... JAJ 108
98
5s ce r tfs ln d b tl9 1 0 .J A J
G r.St.A N ew ls t5 s ’ 06A A O 104
(S’ p ’t A L orim er St. 1st «s. 110
1
K in gs Co. E leva t.—rStock
B on d s See Stock E x ch . iL lst.

[V ol. L X V I,

R a n ge f o r y e a r 1 8 9 8 . |j R a n g e f o r p r e S a les
o f the On b a s is o fjo o -s h ’ r e lo t v
W eek.
Lowest. Highest.
H igh est.
L ow est.
S h a res

O regon S h o rt L in e .............
'O e n n s y l ............................. ..
A eo. D e ca tu r & E v a n s v ..
P e o r ia & E a stern .................
P ittsb. Cin. Chic. A St. L . .
Do
pref.
P itts. F t. W . A C h., g u a r ..
P ittsb. & W e s t., p r e f ..........
1 ) eading, v o tin g tr. c t f s . .
•EL 1st p re f., vot. tr. c tfs .
2d p re f., v o tin g tr. c t f s . .
R en sselaer & S a ra to g a .. . .
R io G ra nde A W e s t e r n .. . .
Do
p re f.
R o m e W a te rto w n A O g d ..
t. J. & G . Isl., v o t . tr. c t s .
Do
1st pref.
Do
•
2d prefSt. L . & S. F r., v o t . tr. c t f s .
Do
1st p re f
Do
2 d p re f.
St. L o u is S o u th w e s te r n ...
Do
p re f.
St. P a u l A D u lu th ...............
Do
p r e f.
St. P a u l M inn. A M a n ........
Sou th ern P a cific C o ...........
S outhern, v o tin g tr. c t f s . .
D o p re f., v o t. tr. c t fs .
exas A P a cific.................
hird A v e n u e (N . Y . ) . . . .
T o le d o & O hio C e n tr a l.. . .
Do
pref
T w in C ity R a p id T r a n s it ..
23% I T nion P a cific R y ...........
Do
. .. p r e f
60% C
7% Un. P a c. D en. A G., tr. rec
a b a sh .
7%
Do
pref
19
92% W est C h icago S tre e t........
2% W h eel. & L . E., $1 ass’t pd
Do
pref.
do
11
W isco n . Cent., v o t . tr .c t fs
Do
p re f.
do

31
115% 116
*1%
2
*4
6
*42% 45
»65% 66%
168
*6
8
18% 19
45% 45%
23
23
178
28
20
»68
68
122 122
*7
79
61
61
*20% 21%
*7%
.7%
61
61
2 8 % 28%
5%
5%
11% 11%
*18
22
*78
84
5140% 140%
19
19%
8%
8%
»30
80
11% I l i
176
177
.......... 25
. . . . . . 45

23%
60%
7%
7%
19%
92%
«
11%

N. Y . STOCK E X C H .

(2 p a g e s ) P a g e

A sk.
102
103

ilia

Ì li

B a lt L
{1 0 0
79
»111
{1 0 8 %
250
P b ila

ist.
105
81
112%
110
255
list.

S tr e e t B b II w b t »
C levelan d City K y .............
C level C a b -ls t 5s ’ 0 9 . JAJ
C levelan d E lectric R y —
Con 5s 1 9 1 3 ........... M AS
C olum bus (O h io )— S tock.
C on 5s 1 9 3 2 ........... .JA J
C rosst’ w n - ls t 5 s ’ 33J A D
C on sol T r a c t’ n (N J )—See
L a b e St (C h ic )E le v -S to c k
1st 5s 1 9 2 8 ................JAJ
L o u is v St R y —5 p c b o n d »
C om m on .. v. .... ...........
P r e f e r r e d .....................

Bid.
55
{1 0 0
50
{1 0 0
49
95
90
P h ila
18
69
{1 1 2
34
90

Ask.
00
102
53
103
50
100
list.
14
70
113%
39
100

20

Jan

60

N ov

8 1 % J ’ly l U l ^ O o t
35 Mar 4 5% D ee
2 9% A p r 50 A u g
22 May 4 9 % A u g
70% Mar 96 A u g
Ì J’ne
4 Aug
tfi D eo
40 J ’ly
42 May
88 A p r
21 % F eb
88% Feb,
10 May
8 May
51% M ar
8% A p r
4% M ay
22 D e c
3% Apr
8% N ov
12 Noy
24 Jan.
330 D e c
91 N ov
152 Jan.
l % J ’ nei
8 Apr
51% Aug
81 Jan.
2% D ec
17 May
6 A pr
87 F eb
6% M a
50 A p r
10 J ’ ne
50 J ’ly
97 Jan.
68 J ’ ue
75% M ay

61 Sep
60 A u g
44 Sep
109% Sep
23% Aug
13 A u g
90 Sep
45 A u g
8% Aug
31% A u g
6% A ug

10%Jan

l8 % D e o
39% Sep
340 M ar
97% D ee
185 Sep
4% A ug
13 A u g
65% Jan
140 D ee
1 l% J a n
35% Sep
9 Aug
48 J ’ ly
10% A ug
72 Sep
25% Jaa,
76% Jan
20 D ee
86 A u g
96% Sep

RAILWAYS , &e.

Bid.
S treet H a llw a y .
L o v e E le ct T ra c (C h ic '.
Lyn n A B os-1 st 5 s ’ 24. J AD {1 0 2 * ’
2
M etrop W e s t Side (C h ic).
1st 5s 1 9 4 2 . . . . . . . .F A A { 62
M inneap St R y -5 s ’ 19.J AJ
1
N ew O rleans T r—C o m .. . .
7
N o te s 6s 1904 ....M A N
N orth C h icago—S t o c k .. .. 205
1st 5s 1 9 0 0 -1 6 ...¡..J A J {1 0 4
10
N o S h ore T r (B o s t)-C o m .
72
P r e f e r r e d . . .........
{ B u yer pays accrued Intere

A sk .
103%
3
..........
3
10
75
208
105
15
76
8t.

Juke 25, 1898.]
BONDS.
« .T . STOCK EXCHANGE
W e e k E n d in g J u n e 24.

THE CHRONICLE.—BOND DEICES (5 pages)
Week’»
Range or
Last Sale.

Price
Friday.
June 2 4 .
Bid.

Range
from
Jan. 1.

"2 -a

W

eek

E n d in g J u n e 2 4 .

Bid.

L

1225

Week’s
Range or
Last Sale.

Price
Friday,
June 2 4 .

BONDS.
N.Y. STOCK EXCHANGE

Atk. Low. High. No. Low. High

aage

Range
fro m
Jan. I .

A tk. Low. High. No. Low. High

Ches A O hio— (C o n .)—
k r o n A C h ic J n c. See B&O.
73% 85
G en g o ld 4 % s ................. 199 2 M - S
82%
84
iabam a C ent. See Sou R y.
84
Sale
R e g is te r e d ....................1992 M - S
A la b a m a M id 1st g u g . . .1 9 2 8 M-N
91 Jan .’ 98
91
91
R A A D iv 1st c o n g 4s. 1989 J - J
" 1*0*5*'
i ‘0'4 % Sale 1*0*3% 104 %
A lb a n y A Susq. See D & H .
92 94
2d c o n g 4 s ..................1989 J - J 1.......... 95
94 M ay’ 98
A lle g h e n y V a l. See P en n Co.
95 99%
Craig V a lle y 1st g 5 s . . 1940 J - J
95
.......... 95 % M ay’ 98
A m D o ck A I . See C en o f N J.
84 %
85
W a rm Spr V al l s t g 5S.1941 M - S
A n n A r b o r 1st g 4 s ......... 1995 Q - J t
86%
85
Sale
9*7% i b i "
92%
93%
E lis L e x A B S g u g 5 s . 1902 M - S 1*0*2** Sale" 1 0 2 *’
i ’0‘2 "
94
A t c h T & 8 F e g e n g 4s . 1995 A - O
9 8 % Sale
112% 118%
8 9 % M a r ’ 98
.......... 113% A p r.’98
89% C h ic A A lt o n sink f d 6s. 1903 M -N 100
■ ■ R e g is t e r e d ................... 1995 A - O
107 111
L o u . A M o R iv 1st 7 s ..1 9 0 0 F - A 108
.......... 108 J ’n e ’ 9S
A d ju s t m e n t g 4 s . . . . . . 1995 N o vt
67
66% Stile* 6 5 % 67
2 d 7 s ...............................1900 M -N * 1 0 6 % .......... 107% N o v ’ 9 ?
■ ^ R e g i s t e r e d ....................1995 N ovt
St L J A C 2d g u 7 s . . . . 1898 J - J
104% M a r’ 97
E q u ip tr ser A g 5 s . . . . 1902 J - J
M iss R iv B 1st s f g 6s.. 1912 A - O 10*2 % : : : : : :
C h ic A St L ou is 1st Òs.1915 M -B
C h ic B u rl A N or. See C B A Q.
A t l X y B k lyn im p g 5 s . . 1934 J - J
113% 117%
1 1 7 % 1 1 7 % 1 17 % 117%
99%
9 9 % Sale
A tla n A D anv 1st g 5 s .. 1950 J - J
95
99% C h ic Burl A Q—C on 7 s ..1 9 0 3 J - J
104% 107
Sinking fu n d 5s.............1901 A - O
107 F e b .’ 98
A tla n ta A Char. See S ou Ry.
104% 109
D eb en tu re 5 s ..................1913 M -N 1*1 2 % : : : : : : 107
107
A u s tin A N W . See So. P a c.
104% 118
C o n v e rtib le 5 s ................1903 M - S
at C reek A S. See M ich Cen
109 % 1 09 %
109% F e b .’ 98
Io w a D iv sin k f d 5 s . ..1 9 1 9 A - O
111
100 118%
Sale 110
a lt A O 1st 6s P k b g B r .’ 19 A - O 111
98 104
100% J ’ n e ’ 98
4 s ............. ..................... 1919 A - O
80
G o ld 5 s ......... ,...1 8 8 5 - 1 9 2 5 F - A 112% Sale 112% 112%
112 %
97 1 01 %
99% J ’ n e ’ 98
D e n v D iv 4 s ................... 1922 F - A
1 0 8 % ........
C ou p on s o ff................
99
100
99 J ’n e ’ 98
108% J ’n e ’ 98
4 s ........................................1921 M - S
R e g is te r e d ........188 5-1 925 F - X
108%
C h ic A Io w a D iv 5 s . . . . 1905 F - A
109%
109 % Sale* 107%
109%
^ “ "'Eng o e r tf o f d e p o s it ..........
" 9*5 % 1 *0*6 "
N ebraska E x te n 4 s . . . . 1927 M -N *98% *99% *98%
*9 8 %
k 'C onsol g old 5 s ................ 1988 F -’ X * ..............112
97
97%
97 M ay’ 98
R e g is te r e d ...................1 9 2 7 M -N
........ 103% M ay’ 98
R e g is te r e d ....................1988 F - A *108
103%
119 128
120 J ’n e ’ 98
H a n . A St. J o s o o n 6s.. 1911 M - S
97 M a r ’ 98
*109
........
97
J P M A Co c t fs o f dep
23
106% J ’n e ’ 98
105 1 1 0 %
108
C h ic B u r A N or 1st 5S.1926 A - O T 0 6
98
100
100
B a lt B 'lt l s t g 5s in tg u . 1990 M -N 100 Sale
C h icago A E ast Illin ois—
W V a A P l s t g 5s....... 1990 A - O
114%
116
1 16 %
116 M a y’ 98
1st s f cu r 6s..................... 1907
M o n o n R iv 1st gu g 5s. 1919 F - A
108%
S m a ll.................................1907
99 Ja n .’ 98
C e n O h io R I s t e g 4 % s l9 3 0 M - S
99
99
i'2'2 " 1 3 0 "
1*2*2** Apr.*’ 98
C o lA C ln M I s t e x t 4 % s l 9 3 0 J - J
1st c o n g 6 s ..................... 1934
108
101% 108 %
i*08% 108
G en eral c o n 1st 5 s . . . . 1937
A k A C J 1st i n t g u g a s . 1930 M -N
101 1 0 6 %
106% J ’n e ’ 98
80 N o v ’ 97
R e g is t e r e d ..................1937
C ou p on s o ff.............. .
100% 109
105 M ay’ 98
C h ic A I n d C R y 1st 5 s . 1936
105% 106
P itts A C on 1st g 4 s . .. 1946
Sale 105% 106
103 J ’n e ’ 98
C h icago A E rie. See E rie.
B A O S W l s t g u g 4 % s .l 9 9 0
9 8 % 103
60 J ’ n e ’ 97
C h ic In d A L o u is v ille —
B A O S W R y c o n g 4 % s 1993
112 1 1 5 %
*115
115% J ’n e ’ 98
L o u is v N A A Ch 1st 6 s..’ 10
27% J ’n e ’ 98
1st in e g 5s ser A . . . . 2043
*27** *27%
80
90
90
90
90
9 J ’ n e ’ 98
Sale
C h ic In d A L r e f g 5 s .. 1947
Series B . . . ................... 2043
8
9%
96 105
104
104
104
*108
R e fu n d in g g 6 s . . . . . . . . . 1947
B A O S W T e r Co g u g 5s.’ 42
105% Jan.V98
105% 105 % C h ic A M il. See Ch. A N W .
O h io A M iss l s t c o n 4 s . l 9 4 7
C.hic M ilw aukee A St P a u l—
121
120% 121
2 d c o n s o l 7s................. 1911
140 143
145
.......... 142 M ay’ 98
1st 7s 3 g o ld R D .. . . . . 1 9 0 2
105%
105%
105
1st Spr’gfield D iv 7 s . 1905
102% 107%
♦145 ..........
1st 7s £ g o ld R D . , . , 1 9 0 2
1st gen era l 5s.............1932
145
.......... 1*4*6% M a r ’ 98
187% 1*4*6%
1 st Io w a A D 7s.............1899
B e e c h Creek. See N V C A H .
140 144
145
.......... 141 A p r .’ 98
1 st C A M 7 s ................... 1903
B e l A Car. See St L A A T H .
138 1.43
......... 145 M ay’ 98
145
C h ic M il A St P o o n 7s. 1905
B o o n e v B ridge. See M E A T .
139% 143
145
......... 143 M a y'9 8
1st I A D E x te n 7 s . . ..1 9 0 8
B w ay A 7th A t . See M e t S Ry.
116 1 1 9 %
117% M ay’ 98
1st S ou th w est D iv 6s. 1909
B k ly n C ity 1st c o n 5s 1916-41 J - J 1 1 4 % ........ 113 M ay’ 98
113
1 1 8 % 1 2 Ì " 110 M a r ’ 98
1st L a C rosse A D 5 s .. 1919
B k ly n El T r C o c f I s t g 6 s l9 2 4
89%
90
90
Sale
90
114% 121
130% 131
120% J ’n e ’ 98
1st So M in n D iv 6 s . . ..1 9 1 0
.......... 90
T r C o c t fs 2d g 5 s . ; . ..1 9 1 5
128% 1 8 0 %
130
130 Sale 130
1st H a s t A D D iv 7 s ... 1910
*68 M ay’ 98
3d instai p d ; ........................
68
68
109 O ct.’ 97
5 s ................................... 1910
7 0 % D e o ’ 97
S A B B T C o c f s l s t g u g 5 s ’ 42
118 ' Ï S * i "
118
M
a
r
’
98l
1
2
6
%
*
.:::::
C
h
ic
A
P
a
c
D
iv
6
s
.
.
.
..1
9
1
0
3d instai p d .............
111 117
1 1 6 % ......... 116% J ’n e ’ 98
C h ic A P W l s t g 5 s . .. . 1921
90%
9 0 % Sale
U n E l T r Co c f s Is tg u g 6 s’ 87
§?%
90%
110% 117
116 M ay’ 98
C h ic A M o R iv D iv 5s. 1926
99%
B k lyn R ap T r g 5s........... 1945 A - O
93% Sale
100
107 110
107 M a r ’ 98
M in eral P o in t D iv 5 s ..l9 1 0
B k ly n A M ontauk. See L Isl.
112 1 1 3 %
112 A p r.’ 98
C h ic A L Su D iv g 5 s .. 192
B ru n s A W e s t 1st g 4 s . . 1938 J - J
111 1 1 5 %
i'1 3 % : : : : : 114 J ’n e ’ 98
W is A M in n D iv g 5 s .. 1921
BufT N Y A E rie. See E rie.
111 115
114
T erm in al g o ld 5 s . . . . . . 1914
1 1 3 % ........ 114
105
106
105
B u ff R A P g en g 5 s ........1937
104% 106
127% 1 2 7 %
■115 ........ 127% J a n .’ 98
F a r A S ou assu g 6 s . . . 1924
'D eben tu re e s ...... ....... 1947
106%
M
ay’
97
'1
1
0
........
C
o
n
t
s
in
k
lu
n
d
5
s
........1916
R o c h A P itts 1st g 6 s ..1921
127 ‘ M a r ’ 98
127
127
ib o " ì l i "
114
»106
........ 114
D ak A G t So g 5 s . . . . . . 1916
123 A p r .’ 98
C on sol 1st 6 s ............. 1922
123
123
102 107
106
106 Sale 105 %
G en g o ld 4s series A . .19 8 9
Cl A M ah 1st gu g 5 s .. 1943
103 A p r ’ 97
104% 1 0 5 %
105% F e b .’ 98
R e g is te re d ...................1989
B u ff A S ou th w est. See Erie.
120 1 2 2 %
* : : : : : : is o * 120 M a r ’ 98
M il A N o 1st M L 6 s . . 1910
B u ff A Susq 1st g o ld 5s.. 1913 A - O
117 123
120 J ’n e ’ 98
1st c o n s o l6 s .................1918
R e g is t e r e d ....................... 1913 A - O
C h icago A N o r t h w e s t e r n 106% Sale 106%
106%
B u r C R A N 1st 5 s ..........1906 J - D
104% 109
138 145
139 % J ’n e ’ 98
........ : 105%
105%
C o n 1st A c o l tr g 5 s . . . 1934 A - O 103
C on 7 s .............................. 1915 Q - F *142 144
100 109
118 116 %
113% J ’n e ’ 98
118% 115
1934 A - O
R e g is te r e d ......... .
G o ld 7 s ........................... 1902 J - D
112% 116 %
114 J ’n e ’ 98
R e g is te r e d ...................1902 J - D
M A St L 1st g u g 7 s .. 1927 J - D
113% 1 1 8 %
114%
........ 108 D e c ’ 97
S inking fu n d 6 s.. 1879-1929 A - O 114 % Sale 113%
C R I F A N W l s t g 6 s ..’ 20 A - O 104
114 114
114 J ’n e ’ 98
........ 105 J a n .’ 98
R e g is te r e d ........1879-1929 A - O ..........115
1st g o ld 5 s ...................... 1921 A - O 105
105 105
106 1 1 1 %
106%
106%
Sinking fu n d 5s. 1879-1929 A - O 1 0 7 % 111
anada S ou th 1st 5 s .. . 1908 J - J
1 0 7 % 111
109% D e c ’ 97
R e g is te r e d ........1879-1929 A - O
2d 5 s . . . ....................... 1913 M - S 1 0 8 % 1 0 9
108 %
108 %
105 111
r i i " il*8%
Sinking f u n d d eb 5 s . . .1 9 3 3 M -N i i ‘6% : : : : : 116% J ’ n e ’ 98
106 J a n .’ 97
R e g is te r e d ...................... 1913 M - S
117 119
R e g is te r e d ................... 1933 M -N 1 1 5 % ........ 117 M a r ’ 98
C a rb A S h aw n. S eeS tL A A T H .
107% 1 10 %
........ 109% J ’n e ’ 98
25-year d e b e n tu re 5 s . . 1909 M -N *108
C a rth a g e A A d . See N VC A H.
109% 109 %
109% M a r ’ 98
R e g is t e r e d ................. 1909 M -N
C R l a F AN . See B C R A N.
112 1 1 6 %
112 M ay’ 98
30-year d e b e n tu re 5 s . . 1921 A - O 112%
C en tra l O h io. See B alt A O.—
117 % 1 1 7 %
117% F e b .’ 98
R e g is te r e d ...................1921 A - O
C e n R R A Bkg Co o f Ga—
104 107
105%
105% Sale 105%
E x te n sio n 4 s . . . . 1 8 8 6 -1 9 2 6 - A
C ollateral g o ld 5s..........1937 M -N
87 Apr.*98
87
93%
103 103
103
J
’
n
e
’
98
*105%
107
A t *115
........ 114% J ’n e ’ 98
R
eg
iste
re
d
C e n t o f G a Ry— l s t g 5s.. 1945
........1
8
8
6
-1
9
2
6
F
A
14 119%
99 102
101%
102
R e g is t e r e d ......... .. . . 1 9 4 5 F -A t
G en g o ld 3 % s.................1987 M -N
R e g is te re d ...................1987
8 9 % Sale
89%
C o n s o l g o ld 5 s ................ 1945 M -N
88
84% *92%
i
o o " 1 07 %
*1*0*7%
M
ay’
98
♦107%
R e g is t e r e d ..................1945 M -N
E scan A L Sup 1st 6s.. 1901
4 T * Sale’
1 s t p r e f in c o m e g 5 s . ..1 9 4 5 Oct.:
40
41
D es M o A M inn 1st 7 s .l9 0 7 F-A
3 6 " * 44%
1 3 % 14
13%
13%
Io
w
a
M
idland
1
s
t
8
s
.
.
.
1900
2 d p r e f ln oom e g 5 s ... . 1945 Oct.:
A
O
11
15%
101% 1 0 2 %
102% A p r.’ 98
6% 5 M ay’ 98
C h ic A M il 1st 7 s ..........1898 J - J
3 d p r e f in c o m e g 5 s . ... 1945 O ct.
5
8%
5%
80
M A N D iv 1st g 5 s . . ..1 9 4 6 J - J
92 J a n .’ 98
W in o n a A St P e t 2d 7s. 1907 M -N
92
92
117
'
Jan.'’*9*8
117*
’ i i ‘7 "
109
M o b ile D iv l s t g 5 s . .. . 1946 J - J
96
98% 95 % J a n .’ 98
..........1905
M
il
A
M
ad
1st
6
s
M
S
9 5 % 95%
109 109
109 M a r ’ 98
M id G a A A t l D iv 5 s .. 1947 J O tt C F A St P 1st 5 s ..1909 M - S 109
83
105 105
105 A p r.’ 98
1*04% 104%
N orth Illin o is 1st 5 s.. .19 1 0 M - S
C en t o f N J— 1st c o n 7 s . 1899 Q -J t 104%
104% 1*0*4%
132% 137
134
134
113% D e c ’ 97
1st c o n v e r tib le 7 s . . . . .1 9 0 2 M -N
M il L S A W 1st g 6 s . . 1-92 M -N 133
105% F e b ’ 97
C o n v e r tib le d eb 6 s . . . . 1908 M -N
110% F eb .’ 98
C o n v e rtib le d e b 5 s . . 1907 F - A
i'1 0 % i i b %
11*3% 1*17%
113% J ’ n e ’ 98
22 109% 114 %
114% 115
118%
114%
E x t A Im p s f g 5 s ... 1929 F - A
G en era l g old 5s............. 1 98 1 J - J
133 134
134 M a r ’ 98
113 % J ’ n e ’ 98
M ich D iv l s t g o l d 68.1924 J - J
R e g is te r e d ...................198 Q - J t
108% 114%
133 135
138 M ay’ 98
99%
100%
A sh la n d D iv l s t g 6 s l9 2 5 M - S *130
Eieh « W B C c o n a s 7 s .l9 0 0 Q-MI ib ‘ 0% Sale
9 9 % 103%
112 118
112 A p r.’ 98
90 M a r ’ 98
I n c o m e s ........................1911 M -N *108
90
93
5 s ................. ................. 1912 M -N .......... 90
27% 132
131 M ay’ 98
C h ic R o c k I A P a c 6 s ....1 9 1 7 J - J
114
115
1..........115
A m D o ck A Im p C o 5s. 1921
110 116
128 1 3 1 %
130% M ay’ 98
133
R e g is t e r e d ........, ,. .. 1 9 1 7 J - J
N J S outh in t gu a r 6s.. 1899
1
04% 108
106%
J
’n
e
’
98
D e b e n tu re 5 s ............. ..1 9 2 1 M - S 106%
C en tral P a citic—
*100
. . . . . 103 F e b .’ 98
R e g is t e r e d .................1921 M - S
103 103
S pey er A Co c t fs d p A .1 8 9 8
02% 105%
1*0*5 Sale 1*0*4% 1*0*5% 304
103 F e b .’ 98
103 103
S peyer A Co c t fs B C D . 1899
G eneral g o ld 4 s .............1988 J - J
103% 1 0 3 %
103% M ay’ 98
E x t g 5s series E ......... 1898 J - J
101% M ay’ 98
R e g is t e r e d ................. 1988 J - J
101% 108%
85
92
92 F e b '9 8
D es M A F t D 1st 4 s .. 1905 J - J
S p ey er A Co c t fs de p E .1900
6 9 % 70 %
70
F
e
b
.’
98
J
J
1st 2 % s ......................... 1905
S p e y e r A Co c t f F G H I.1901
83
M a r’ 97
S a n J o a q u in B r g 6 s . . . l 9 0 0 A - O
102% J ’ n e ’ 98
E x te n sio n 4 s .............. 1905 J - J
102% 105
10*3 " i o o '*
106% J ’n e ’ 98
^ K e o k A D es M 1st 5 s.. 1923 A-O
G u a r a n te e d g 5 s ....... ..1 9 3 9 A - O
100 A p r ’ 97
A-O
S pey er A C o e n g c t s . . . . . .
S m all............. .
L a n d g ra n t g o ld 5 s . .. .1 9 0 0
*1*0*2** M a r ’*98
C h ic A St L . See A t T A S F.
100% 102
101 J a n .’ 98
( C A O D l v e x t g 5 s . . . . 1918
C h ic St L A N O. See 111 Cent.
103% 104
103% J ’n e ’ 98
101 103% C h ic St L A P itts. See P a Co.
W e s te rn P a cific g 6 s .. 1899
126% 138
134%
184 Sale 134
C h ic St P M A O c o n 6 s . . 1930 J - D
N o o f Cal I s t g u g 6 s . .1 9 0 7
128 133
132 J ’n e ’ 98
Ch St P A M in 1st 6 s . . 1918 M -N
G u aran teed gold 5s. 1938
20 100 102 %
ibi’ * ibi
40
N or W isco n s in 1st 6 s ..1930 J - J
40 F e b .’ 98
40
C en tW a sh 1st g 6 s tr c t fs l 9 3 8
126* * 1*3*8%
iso
.....................
S t P A S C ity l s t g 6 s .1919 A - O 180 Sale 1*3*6'
C h arles A Sav 1st g 7s. .1936 J - J
79 % 8 7 %
86%
86
8 6 % Sale
101 % 101 % C h ic T e r T r a n s fe r g 4 s . .1 9 4 7 J - J
10*1% Jan.* 98
C hes A O— P M fd i s 6s. 1898 J - J
106 J ’ n e ’ 97
118 120% Ch A W e s t 1 1st s f g 6s. 1919 M -N
118
118
G old 6s series A ............1908 A -O t 1 1 7 % 1 1 9
11*7
% 1*2*2%
120%
120
%
>
iï
é
%
*.:::*.
A-OT
.........
120
115%
120%
G
eneral
g
o
ld
6s.............
1932
119
119
G old 6 s ............. .'............1911
111 117
C h ic A W e s t M ic h R y Ss.1921
114%
1st c o n s g 58................... 1939 M -N 114% Sale 114
R e g is te r e d . . . . .. .. .. .1 9 8 9 | M - N 112
114 F e b .’ 98
113 114%
C ou pon s o ff....................1921

A

99

no 112 110
i*bó%::::::
100%......
■...... 100

B

111

111

110%

111

■1*3*0*

120% 120%

110 110

■iïe” iïé*

110 111 110

C

111

?:S

100 .....

101 101

*10*6" ’.’.’.’.I

f-S

....

* N o price F rid a y ; th e s e are latest bid a n d a sked th is w eek.

OUTSIDE SECURITIES
Agk.

Bid.
S tre e t R n il» a T > .
P r o v A P a w t’ c k - l s t 5s ’ 33 «104% 105%
82
R ioh m R y A E l e c -l s t 5s’ 20 } 80
9,
12
R o c h e s te r R y . . . . ...............
95%
C on 6s 1 9 3 0 ........... A A O
S cra n ton T r a c tio n .........50 t 10
6s.............................. 105
60
S o Side El (C h ic )—S tock .
10
T w in C ity R T r—C o m .. . .
P r S fe r r e d ........................ .
U n ’ d T r A E le c (P r o v )-S t ’ k "e'o*
1 s t 5s 1 *8 3
....M A S «1 0 5
89
W es t C h icago a t . .. J
O on 1936 ........ ...M A N




TB o n d s

d u e Ju ly,

t B o n d s d u e N ov.

I B o n d s d u e J u n e.

» B o n d s d u e Jan .

i B on d s due M a y

(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 ) .— GAS SECURITIES

G a s S a c n r it ia s .
W est E n d —See Heston
W o r c e ste r (M a ss)T r-C o m
P r e f e r r e d .. .......................

B id.
15
95

NEW YORK.
Cen tral U n ion G as—
«104
1st 5s 1 9 2 7 ............JA J
C on Gag (N Y )—Stock —N y stk
D e b 5s 190 8.......... M AN
108
B q u it G a s . . . '...........
1st 6s 1 8 9 9 ........4..F A A
Con. 5s 193 2.........
«112%
M utual G as..............
340

A sk.
17
96

105
111
116
1352%

, <Stc.

Bid. A sk .
G a e S e c u r it ie s .
G a s S e c u r it ie s .
BROOKLYN .
N ew A m sterd am Gas—
o
c
k E x ch .
B
ro
o
k
ly
n
Um
Gas—N
Y
St
80%
30%
1st c o n 5s—N Y Stock E x ch .
73
72
P r e f .......................
103
«100% 101% W illia m sb u rg G as—1st 6s «1 0 2
1st c o n s o l 5 s . . . .
O T H E R C IT IE S .
B a ltim ore C on solidât— Se e B alt. L is t.
112
114
1st 5s 1 9 4 4 ..........
B a y State G as—N Y Stock E x ch .
106
103
Consol 5s 1 9 4 5 ..
I n c o m e s ............................
•M il*
N or Un—
B o sto n U niledG as B o n d s - -B osto n L lst
90
95
1st 5s 1 92 7...........
24% 25%
Buffalo City G as—S t o c k ..
1st 5s 1 9 4 7 ............. A A O « 90
92
139
142
1 B u rlin gton (Ia )G a s—Stck
156
160
f •••••
D o p r e fe r r e d .. . .
« A n d Interest. tPrti»« per sh [•re
1st 5s 1 9 3 0 ........ . MAN 1«110% '114% |
B id.

A sk. I

THE CHRONICLE.—BOND

BON DS.
H .Y . S T O O K E X C H A N G E
W e e k E n d in g J u n e 2 4 .
Oin H A D c o n s f 7 s . . . . 1005
2d g o ld 4 % s .................... 1087
Cin D & 1 1 s t g u g 5 s .. 1041
C I S t L & C . See C C C & St L .
Oin S A C . S e e C C C A St L .
C ity A S B y B a lt 1st g 5s. 1022
Clearfield A M ah. See B R A P .
C l A k A C e q A 2d g 0 s ..1030
01 A Can 1st 5s tr r e c . . . l 9 1 7
0 C C A St L —G en g 4 s ..1 0 9 3
Cairo D iv 1st g o ld 4s. .1 0 3 0
S t L D i v 1st c o l t r g 48.1990
Spr A C ol D iy i s t g 4s. 1940
W W V a l D lv 1st g 4s. 1940
Cin W A M D iy I s t g 4 s .l 9 0 1
Cln I St L A C l s t g 4 s .l9 3 0
R e g is te re d ................. 1930
2 " ’C on sol 0 s .....................1020
WT 3 n 8 A Cl c o n l s t g 5S.1928
I n d B l A W 1st p f 7 s .. 1900
O I n d A W 1st p f 5 s ... 1938
P e o A E ast 1st c o n 4 s .1940
In c o m e 4 s.................... 1990
01 C C A In d 1 s t s f 7 s . .. 1899
O onsol 7 s ........................ 1914
O onsol sinking i d 7 s ... 1914
G en eral c o n s o l g o ld 0S.1934

In te r e s t
P e r io d .

1226

A- O
J - J
M -N

P n ce
F r id a y ,
J u n e 24.
B id .
108

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

i °° .
r g is
S3

A s k . L o w . H ig h . Ñ 7 . L a w . H ig h
119 O ct.’ 97
1 0 3 k O ct.’ 97
15 i o 7 k n i k
lió
108k
108k

J -D
F -A
J -J
J -D
J -J
M -N
M -N
M -S
J -J
J -J
Q-F+
Q-F+
M -N
J - .J
J -J

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

75
82

♦ 9 * % .........
*.......... 88
* 9 0 ) 4 ..........
103

70
82
88
94k
96

J ’n e ’ 98
M ay’ 98
J ’n e ’ 98
94k ' “ 2
M a r ’ 08

80 J ’n e ’ 98
90 A p r .’ Of
9 9 k M av’ 98
114 O ct.’ 97
1 0 7 k F e b ’ 97

OUTSIDE SECU RITIES
C h icago Con sum ers 1st 5s 108
106
C h icago G as—See N Y Sto ck E x Clic

C olum bus (O ) G as—Stock
1st 5s 1 9 3 2 ............... J&J
C on solid ât G as (B a lt) See
C on solid G as (N J ) —Stck
1 s t 5s 1 0 3 6 . . . . . . . . . J&J

194k
■*80v 38
98
105
84
80
3 99
102
B a lt L 1st.
21
; 18
80
88




73k
82
90
98k
93

80
88k
89
00
9 8 k 101

59
7ft
78%
10
14
19
1 102 1 0 5 k
1 8 1 k 137
127k127k

23

100

103

50

60

70k
54

82
61

122 128
125k125k
1 3 7 k 144
....

107
130

118 k
142k

138

188 %

143

143

180 % 125%
10

110
117

118k
117

....

141

145

4
'8 2

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

1 104

100

110%

92k 92k
101
107

113 110
110k H 7 k
108 11 t k
US
118
1 0 4 k 105
188 1 4 7 k
140
143
1 8 3 k 139
133 133

't o

100
'"l*7 108

97

84k

93

60

75

2
"ÍÓ

( G i v e n - at

ÌÒ0
113

26

99 IO853
84% 91
88
98
110
111k

1 9 3 k ift ii«
8 11 4 % 1 2 1

• N o price F riday i th ese are latest. bid and asked th is weak.

B id. Ask.
G a » S een r ir ie » .
C h arleston (S C) G as.. .2 5 t .......... 18

60k
82
88
90k
90

104

Ï-O
78
78% 7 7 k . 7 3 k
Apr
18
20
17k
19
M -N
103
108
J -D
1 3 1 k 1 3 3 k 1 8 1 k J ’n e ’ 98
J -D
J - J *127 ......... 127% M ay’ 98
J -J
OAS 1 st M C C C & 1 7 s . 1901 A - O
107% O ct.’ 97
01 L o r A W h c o n 1st 5s. 1033 A - O U 0 2
......... 103 M ay’ 98
O ley A M arietta. See P a R R .
Clew A M a h on V a l g 5s.. 1938 J - J
Q u -J
O ley A P itts. See P e n n Co.
C olorad o M id lA ii—
l s t g 2-3-4s ...................1947 J - J
50
60
5 9 k J ’n e ’ 98
J - J * 44
........:
O ol A 9 th A y . See M et St R y.
O olum A G reen y. See So R y.
O ol H o o k V a l A T o l—
M -S
75
O ct.’ 07
J P M A Co e n g c fs $05 pd.
79 Sale
79
79
G eneral g o ld 0 s .............1904 J - D
58
.......... 01 F e b .’ 08
G eneral lie n g o ld 4 s . . . 1990 J - J
J -J
O ol A Cln M d. See B A O .
O ol C onn A T erm . See N A W
C on n A P a s R iy s 1st g 4 s .’ 43 A - O
T k a k A G t S o . See C M A S tP .
-L r alias A W a c o . See M E A T .
D e l L a ck A W e s te rn 7s.. 1907 M - S
122 A p r.’ 98
Syr B in g A N Y 1st 7s. 1900 A - O 125
........ 1 2 5 k M a r ’ 98
M orris A E s s e x 1st 7 s . 1914 M -N
1 3 7 k M ay’ 98
7 s ................................... 1900 J - J
109 N o y ’ 97
.......... 110 J ’n e ’ 98
7 s ........................ 1 87 1-1 901 A - O *U G
f
1st c o n gu a r 7 s ..........1915 J - D *141
1 4 3 k 1 4 2 k M ay’ 98
J -D
W T L a ck A W 1st 0s. .1921 J - J ♦135 140
138 A p r .’ 98
F -A
1 1 8 k N o y ’ 97
A -O
D e l A H u d 1st P a D iy 78.1917 M - g *140
.......... 143 M ay’ 08
M - g *188
......... 143 M ay’ 97
A lb & Sub ls t c o n g u 7 s l9 O 0 A - O 121
.......... 1 2 0 k M ay’ 98
..........
R e g is te r e d ........... ... .1900 A - O «119
G o ld 0 s ........................ 1900 A - O 114
.......... 115
115
R e g is te r e d ............... 1900 A - O ♦118 .......... 117 F e b .’ 08
B e n s A Sar 1st 7 s ......... 1921 M -N *145
.......... 1 4 8 k A u g ’ 97
M -N *145
.......... 141 M a y’ 98
D el R1 y R R B ge. See P a R R .
D e n C on T r C o l s t g 5 s ..1933 A - O
D e n T ra m C o c o n g 6s. 1910 J - J
M et R y Co 1st gu g 0s. 1911 J - J
D e n A R G r 1st c o n g 4s. 1936 J - J
9 4 k .......... 9 4 k
94k
1st g o ld 7 s .......................1900 M -N * 1 0 6 k ......... 108 A p r .’ 98
Im p r o v e m e n t g o ld 5s. 1028 J - D
91
Sale
91
91k
D e l M A F t D . See C R A I P.
D e i M A M inn. See Ch A N W .
D e s M U n R y 1st g 5 s . . . 1917 M -N
9 9 k J ’n e ’ 98
D e tM A T o l. See L S A M So.
D e t A M ack l s t l i e n g 4S.1995 J - D
G old 4 s . * . . . ...................1995 J - D
D u l A Ir o n R a n g e 1st 5 s .l9 3 7 A - O 100 Sale 100
109
R e g is te r e d .......................1937 A - O
2 d lie n m ortg a ge 0 s . .. 1916 J - J
D u l R e d W A S l s t g 5s. 1928 J - J * ..........106
9 2 k F e b .’ 98
D u l So Sh ore A A t g 5s. 1937 J - J *108
.......... 107 J ’n e ’ 98
'E 'a s t o f M inn. See StPM A M .
-C la st T V a A Ga. See. So R y.
B ill L e x A B S. See C A O.
D im C ort A N o. S eeL ehA N Y .
B rie 1st e x t g 4 s ...............1947 M -N * U 0 % .......... 118 F e b .’ 98
2 d e x t g o ld 5s................ 1919 M - g * U 0 k .......... 1 1 7 k J ’n e ’ 98
8 d e x t g o ld 4 % s ............1923 M - 8 ♦ n i k .......... 1 1 1 k J 'n e '9 8
4th e x t g o ld o s ............. 1920 A - O 116
.......... 118 J ’n e ’ 98
J -D
1 0 4 k J ’n e ’ 98
M -g
142%
142k
| 1st oon sol g o ld fd 7 s . . 1920 M - g
140 M ay’ 98
, L on g D o ck c o n gold 6s. 1935 A - O 134
136
1 3 8 k A p r.’ 98
B u ff N Y A E rie 1st 78.1916 J - D
133 J ’ n e ‘ 98
i B u ff A S W g o ld 6 s . . , . 1908 J - J
J -J
Jeff R R 1st gu g o ld 5s. 1909 A -O )
106 F e b .’ 98
; Ohio A E rie 1st g 5 s . . .1982 M -N 1 1 0 k Sale 1 1 0 k
HOk
Coal A R R 1st c g u Os.1022 M -N
D ock A Im p 1st cu rfis.1 9 1 3 J - J
N Y A G reen L g u g 5s. 1940 M -N * 1 0 6 % ......... 1 0 5 k O ct.’ 97
106
.........
B rie 1st c o n g 4s pr bds. 1996 J - J
02% 9 2 k 9 2 k
00k
J - J
1st e o n g e n lle n g 3 -4 s .l 9 0 6 J - J
7 4 % Sale
73k
74%
J -J
N Y S A W — 1st r e f 6s. 1937 J - J ..........110
108
108
2d g o ld 4 % s ................ 1037 F - A .......... 92
90 M a r ’ 98
G eneral g 5 s ............... 1940 F - A
9 0 k Sale
90
90k
T erm in a l 1st g 5 s .. . .1 0 4 3 M -N 1 0 9 % .......... 110 A p r.’ 98
R eg is $5,000. each .1 9 4 3 M -N
W ilk& E as l s t g u g 5s 194 2 J - D
97
.......... 9 7 k
97k
M id R R o fN J l s t g 0*1010 A - O 120
Sale 1 1 9 k
130
B scan A L Sup. See C A N W .

C incinnati Gas & C o k e ...
Ä t y G as (N o r fo lk V a ) . . . .

R ange
from .
J a n . 1.

BON DS.
N .Y . S T O O K E X C H A N G E
W e e k E n d in g J u n e 2 4 .

foot of

7

Bid. Ask.
71
78
100
102%
D e tro it G as— See N Y S toc k List.
C o n s o lé s 1 9 1 8 . ...F & A 3 90
93
90
95
D e n v e r C on solid ated G is
F o r t W a y n e (In d )—Sta .*k 75
80
89
1st 0s 1 9 2 5 ............... J&J
91
G rand Rapids— S t o c k .. . . .
72
76
1st 5s 1 9 1 5 .. . ........F& A 3 98
100
H a r tfo r d (C t) G a s L ...2 5 t 42
45
50
In dian a Nfct& 111 G as—Stk
08.
1st 0s 1.008 . . . . . . M&N
78»
7ft

Price
Frid ay,
June 2 4 .

'sS
k ©
S t

Bid.
Eu reka Springs 1st g 6s. 193!
Bv A T H 1st c o n 0s........1921
1st gen eral g o ld 5 s . . . . 1042
M t V e r n o n 1st 0 s ..........192!
Bull C o B r ’c h l s t g 5 s..1930
B v A ln d ls t c o n g u g 6s. .192f
I ? a r g o A So. See Ch M A St P.
A lin t A P e re M g 0 s . . ..192C
1st co n so l g o ld 5 s ........193t
P t H u r o n D iv 1st g 5 s .l9 3 f

F -A
J -J
118
A -O
A -C
A -O *
J -J

I T a lA A G R . SeeL SA M S.
i V a n A M ich. See T o l A O C.
K C A M RA B Is t g u g 5 s .l9 2 9
K C P A G 1st A co l g 5 s .l9 2 3
K an C A P a c. See M K A T.
K ansas M id. See St L A S F
K ansas P a c. See U n ion P a c
K e n tu ck y Cent. See L A N .
K e o k A D es M. See C R I A P.
K in gs Co El ser A 1st g 5s ’ 25
F u l El 1st g u g 5s s e r A . ’ 29
K n o x v ille A O hio. See So R y.
T ake Erie A W 1st g 5s. 1937
L
2d g o ld 5s...................1941
N o rth O hio l s t g u 5 s .. 1945
L a k e S hore A M ich South—
D e t M on A T o l 1st 7 s .1906
L a k e Shore d iv id 7 s . . .18 9 9
C onsol 1st 7 s ............. 1900
R e g is t e r e d ............. 1900
C on sol 2d 7 s ............... 1903
R e g is te re d ............... 1903
G o ld 8 k s .....................1997
R e g is te re d ............... 1997
Cin ASp 1st g u L SAM S 7s 01
K A A G R I s t g u c 5 s .l 9 3 8
M a h on C oal R R l s t 5 s . ’ 34
L e h V a l (P a ) c o ll g 5s .1997
R e g is t e r e d .....................1997
L e h V N Y 1 s t g u g 4 k s .. 1940
R e g is t e r e d .....................1940
L eh V T e r R y ls tg u g 5 s l9 4 1
R e g is t e r e d .....................1941
L V Coal Co 1st g u g 5s.. 1938
R e g is te r e d ...................... 1933
L e h A N Y 1st g u g 4s. ..1 9 4 5
R e g is te re d ...................... 1945
E l C A N 1st g 1st p f6 s .l9 1 4
G o ld gu ar 5 s ............... 1914
L e h A W ilk esb. See C en t N J.
L e r o y A C aney V a l. See M o P.
L e x A v A P F. See M e t St R y.
Latch Car A W l s t g 0 s . .19 1 6
Little R A M e m ls t g 5s 1037 >
T ru s t C o c e r tfs ............. . )
Long D ock . See Erie.
L o n g Island—
1st c o n g 5s.....................1931
G eneral g o ld 4 s ........... 1938
F erry 1st g o ld 4 k s . . . . l 9 2 2
G old 4 s ............................ 1932
D e b e n tu re g o ld 5s........1034
N Y A R B l s t g 5 s . . . . 1927
2 d in c o m e ...................1927
N Y B A M B c o n g 5 s ..l9 S 5
B k ly n A M o n l s t g 0 s . 1911
1st 5 s ............................ 1911
* B onds d u e A p ril.

c o n s e c u t iv e

A -O
A -O

[Y ol.

Week’s
Range or
Last Sale.

LXVI,

œ .

Range
fro m
J a n - 1.

Ask. Low. High N o. Low. Hiak
Sale

05 N o v ’ 97
118
Í18
8 6 k M ay’ 98

f

112
82

118
86%

90
77%

7 7 k F e b .’ 9i

A - O 114
94
M -N
A-CJ
92
J -J
10Ò
J - J
C on sol g o ld 5 s ............... 1948 J - J
F t S A V B Bge. See StLA SF .
F o r t St U D Co l s t g 4 k s l 9 4 1 J - J ♦ 1 0 5 k
F t W A D C— 1st g 4 -6 s .1921 J - I>
73% Sale
F t W A R io G r l s t g 8-4s.l92S J - J
59
60
F u lto n E lev. See K in gs Co El.
r * al H ar A S A . See S P Co.
V J a l H A H o f ’ 82 1st 5s.l91 S A - O
91% 9 2 k
A -O
J -J
G eorgia Pacific. See So R y.
G rand R ap A Ind. See P a Co.
T X a n A St J. See C B A Q.
A l o u s a t o n i c . See N Y N H A H .
90
H o u s t E A W T 1 s t g 5 s . 1938 M -N
88
H o u s A T e x Cen. See So P Co.
r ilin o is Cent 1st g 4 s .. .1951 J - J
J -J
104
1st g o ld 3 k s ...................1951 J - J *103
J -J
M -S
M -S
C oll T ru st g o ld 4 s ........1952 A - O ♦102
A- O
L N O A T e x g o ld 4 s . . 1953 M -N ♦100%
M -N
C oll t r 2-10 g o ld 4 s . . . . 1904 J - J
J -J
W e s te rn L in e 1st g 4 s .l9 5 1 F - A ♦105
F -A
J -D
J -D
F- A
C h ic St L A N O g 5 s . . 1951 J - D *120
J -D
M em D iy 1st g 4 s .. ..1 9 5 1 J - D *
102k
J -D
B e lle v A Car 1st 6 s . .. .1 9 2 3 J - D •11Ò
90
M -S
Carb A S l s t g 4 s ..........1932 M - S
90
I n d B l A W . See C C C A St L.
103
In d D e c A W l s t g 5 s . . ..1 9 3 5 J - J *102
In d 111 A l a 1st g o ld 4s. .19 3 9 J - D * 87
88
1st e x t g o ld 5 s ...............1943 M - S * 99
In t A G t N o 1st g o ld 08.1 9 1 9 M -N ♦118 122
2d gold 5s........................ 1909 M - S * 85
3d g o ld 4 s........................ 1921 M - S ♦ 55
59
Io w a Central 1st g o ld 5 s .l9 3 8 J - D
1 0 0 k Sale
Io w a M idland. See Ch A N W .
J efferson R R . See E rie.

t B on d s d u e A u gu st.

G a » S e c u r it ie s .
C onsum Gas (J C ity )- *Stk

PKICES (5 p a g e s ) P a g e 3.

1 1 4 k J ’n e ’ 98
92 J ’n e ’ öf
90 J 'n e ’ 98

105 M a r ’ 9f
71k
74
59 M a y’ 9f
92

110
85
83

15 i

1

92

83

105 105
65
75
54% 59%
88k

92%
- mm

88

88%

F e b ’ 97

8 8 k J ’n e ’ 98
115
108^
105
102k

113% 115
in fill
105 105
101
102%

M a r ’ 98
J ’nft’ ftft
M a r ’ 98
A p r .’.98

100
1 ns
9 7%
101

1 0 0 k M ay’ 98
108 Api\’ 98
100% J ’n e ’ 98
99

S ep.’ 97

105

105

78
117
95
92%

1 101

102
in s
102%
101
105

120 J ’n e ’ 98 ♦♦•• 1 1 5 % 1 2 8 %
118% A pr *97
103% Ja n .’ ÖS . . . . 1 0 3 % 1 0 8 %
90

N o v ’ 07

102
86

102
Jan .’ 98

1

97
80

110
118 J ’n e ’ 98
87
87 : i
78
44
58% J ’n e ’ 98 t**»
1 0 “ 97
100%
101%

104
88
128%
90
60
108%

6 8 k Sale

08

08%

69

65

81%

J -.l
M -S

45

48
35

48
M a r ’ 98

12

40
85

5ft
88

J -J
J - .I
A -O

116

115
95
100

117%
104%
102

110 M ay’ 98
1 0 4 k 104%
104k
1 0 3 k 102 J ’n e '9 8

F -A
A- O
J - J 108%
V - .15 1 0 5 k
J - D ♦115
J - D *115
104 Sale
J -D
.1 - I)
A -O
J -J
J -J
M -Ñ ♦ 1 0 2 k
M -N
109
J -J
J -J
A - O *110%
A -O
J -J
J -J
M- Ö
M- 8
A- Ó
A -O

121 A p r .’ 98
1 0 8 % F e b .’ 98
109 M ay’ 98
107% J ’n e ’ 98
115% J ’n e ’ 98
115% J 'n e ’ 98
104
104

15

1. 1 121
ss t 100
107
105%
116k
115k
42 102
103

121
100 %
110
109%
120 %
110«
106%
105

1 08 % D e c ’ 97
125

D e c ’ 97

102% J ’n e ’ 98
107

A p r .’ 98

92)| M a r ’ 98
••••
****
••••
101

00

104%

107

112%

92%

92%

92

0 2 "*
******

8 e p .’ 97 •••«

******

J -J

0 -J S
J -D
M -S
J -D
J -D
M -S

88
82

A -O
II- s
1 1 -S

117 M ay’ 98
90
90
86% A p r.’ 96
100

i

120
117
85% 9ft
80% 90
-*

M a y’ 97

L07}¿ D e c *97

I B on d s d u e Jan uary.

I B o n d i d u e Ju ly.

pages).— GAS SECURITIES, Ac

G a » Seen ri t ie » .
| Bid. A sk .
In d ian ap olis G as—S tock . 115
125
1st 6s 1 9 2 0 ............. M AN 104
106
J e rse y C ity G as L i g h t . . . . 190
L a cle d e G as—N Y S tock E x ch .
L a fa y e tte (In d ) G as—Stk
77
80
1st 0s 1 9 2 4 ............. M&N
87% 90
L o g a n sp t & W a b V a l—Stk
62
58
1st 6s 1925 ............. ,TAf>
70
73
L o u is v ille Gas L t g h t ........
90
M adison (W ts) G as— Stck • « » .* 60
1st 0s 19 t!>............A& O 3 98
100%
M inn Gas 6s 191 0... .M & S 3103

105

G a » S e c u r lt le w .
N ew O rleans G as L ig h t ..
O hio & Indian a— S t o c k ...
1st 0s 1020 ............. J& D
P e o p le s G as & C oke—N Y
P h ila d e lp h ia C o .............50
P ittsb u rg G a s..................50
N ew 5 s ................... ........
P o rtla n d (M e ) G as L ...5 0
St J o s e p h ( M o ) . . . . ,
5s 1 9 3 7 . . . . . . . ..........J&J
St P a u l G as—S t o c k ...........
C on sol 5s 194 4 . .„ M & S
{ A n d Interest. t P r ice

B id. A sk .
105% 1 1 0 »
54
57
78
71
Stock E x ch
t .........
+135
103% i'0 4 %
+ 85
00
83
37
85
90
37
42 1
76
79 ’
p e r shiare.

■June

THE CHRONICLE.—BOND

25, 1888.J|

Price
Friday,
June 2 4 .

BONDS
M .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 2 4 .

g

Bid.

Week's
Range or
Last Sale.

1 2

BONDS.
N.Y. STOCK EXCHANGE

fro m

Jan. 1.

Ask. Low. High. No

L o n g Island (C on .)
N o r S h b l s t c o n g g u 5 s . . ’ 32
N Y B a y E x R 1st gu g 5s’ 43
M on ta u k E x g u g o s . ..1 9 4 5 J - J
& M o R lv . See C h i A A lt.
XaB St 8 t L C on e n g 5s. 1 93 9. )
T r C o c e r ts ............................. j
33
G en era l g o ld 4 s ............. 1943 M - 8
L o n & N ash— C ecel B r 7 s l9 0 7 M - 8 *100
N O A M 1st g Os..........1930 J - J
2d g o ld Os..................... 1930 J - J *107
B H A N ash 1st g Os... 1919 J - I ) *112 110
G en eral g o ld Os............. 1930 J - D
118«
P en sa cola d lv g o ld 0 s . 1920 M - 8
S t L d ly 1st g Os............1921 M - 8
M
8
2d g o ld 3 s. . ................. 1980
N ash A D eo 1st 7 s ........1900 J - J
107% 108
S in k id (S A A ) g 0 s . . . . 1910 A - O
8 St N A c o n g u g 5 s .. . . 1930 F - A 100% Sale
G o ld 5 s ............................. 1937 M -N 102
U nified g 4 s ..................... 1940 J - J
90 Sale
R e g is te r e d ................... 1940 J - J
P en s & A t l 1st g u g 0s. 1921 F - A 102
M
-N
C o ll tru st g 5 s ................ 1931
'102
L A N A M A M ls t g 4% s. 1945 M - 8
N F l a A S l s t g u g 5 s ..1 9 3 7 F - A
K e n tu ck y C en t g 4 s . . . 1987 J - J
L C ln A L e x g 4 % s .. .. l 9 3 1 M -N ■110%
L A J e ff B g e C o g u g 4s. 1945 M - 8 ■110%
L N A i O . See C I & L.
111
L o u is B y C o 1st con g 5 s .l9 3 0 J - J
a h on C oa l. See £ S & M S.
an h atta n R y c o n 4s. 1990 A - O
95
95%
M e tro p o l E l 1st g 0 s .. .1 9 0 8 J - J
119 119%
2 d 0 s ...............................1899 M -N 102% Sale"
M an 8 W C olon ic g 5 s . . .1 9 3 4 J - D
M arket St O R y 1st g 0s. 1913 J - J
M c K ’ p t A B V . See P M cK A Y .
M etrop olita n E l. See M an R y.
M et 8 t R y ge n o tr g 5 s.. 1997 F - A 113% Sale
B w a y A r th A v l s t c g 5s. 1943 J - D ' ............. 120
R e g is t e r e d ..................1943 J - D
C o lA 9 t h A v I s t g u g 5 s .l9 9 3 M - 8 * 120% 121
R e g is t e r e d .................. 1993 M - 8
L e x A y & P P l s t g u g 5 s.’ 93 M - 8 * 1 1 7 % 18Ô*
R e g is t e r e d ........................... M - S
M ex C en t c o n g o ld 4 s . . . 1911 J - J
1st oon in c o m e g 3 s . ..1 9 3 9 J ’ly t
2d c o n In com e g 3 s . . . .1 9 3 9 J ’ ly t
B q u ip & c o ll g 5 s ..........1917 A - O
M e x In t e m a t 1st oon g 4s.’ 77 M - Si 7 4 % Sale
M e x N at 1st g o ld 0 s ....... 1927 J - D
■........101%
2 d Inc 0s A Cp stm p d . 1917 M -S t
2 d in c o m e g o ld 0s B ..1 9 1 7 An. i
M e x N orth 1st g old 0 s . . 1910 J - D
R e g is t e r e d ......................1910 J - D
M ich Cent—1st c o n 7 s .. 1902 M -N *111
1st oon 5 s ........................ 1902 M -N 103%
Os............. .......................... 1909 M - 8
5 s .....................................1 9 3 1 M - 8 *120
R e g is t e r e d .................. 1931
4 s ........................................ 1940
R e g is t e r e d ..................1940 J - J
B a t C & S tur 1st g u g 3s ’ 89 J - D
M id o f N J . See N Y S ub & W
M il E lec R y A L ig h t con sol
80-yr g 5 s ....................... 1920 F - A
M L S A W . Set O hio A N W
M il A M ad. See C h ic A N W
MU A N orth . S e e C h M A S t P
MU A St P . See Ch M A St P
M in A St L gn . See B C R A N
M in n A St L — 1st g 7 s . . 1927 J -D ♦..........145
1st co n s g o ld 5 s ............1934 M -N *107
..........
Iow a e x 1st g o ld 7 s . .. 1909 J -D
S ou th W e s t e x 1st g 7 s .’ 10 J -D
P a cific e x 1st gold 0s . 1921 A - O * ..........125
M A P 1st 5s s t 4s ln t g u .,’ 30 J - J
M S S M A A 1st g 4s in t g u . ’ 20 J - J
97
M StPA SSM o o n g 4s in t g u ’ 38 J - J
M in n St R y 1st oon g 5 s. 1919 J - J
M in n U n. See St P M A M.
M o K a n A T e x — 1st g 4s. 1990 J -D
88 % Sale
2d g o ld 4 s ........................1990 F-A I
03% Sale
1st e x t e n g o ld 5 s . . . . . .1 9 4 4 M -N
M K A T o f T l s t g u g 5 s .’ 42 M - 8
82% 83%
74
K O A P a o l s t g 4 s . . . . 1990 F - A
70
D al A W a 1st gu g 5s. 1940 M -N
S o o n e r B d g C o gu g 7s. . ’ 00 M -N
T e b o A N eos h o 1st 7s. 1903 J -D
M o K A B l s t g u g 5 s . . . 1942 A - O
99
Sale
M o P a o —1st co n g 0 s . . . 1920 M -N 101
101 %
8 d 7 s .................................1900 M -N 109
112
T r u s t g 5 s ....................... 1917 M -8 t
75
R e g is t e r e d ..................1917 M -S t
1 s t c oll g o ld 5 s ............. 1920 F - A
73 Sale
R e g is t e r e d ..................1920 F -A :
P a o R o f M o 1st e x g 4 s .’ 38 F - A 102 1 0 3 «
2d e x te n d e d g old 5 s. 1938 J - J ' ..........109
V erd Y I A W 1st g 5 s . . ’ 20 M - S !
L e r o y A C V A L l s t g 5 s *20 J - J
8 t L A I M t 1st e x t g 4 % s.’ 47 F-AS *110
2 d e x t g 5 s ...................1947 M -N 100% Sale
A r k B ran ch e x t g 5s. 1935 J -D 105
........
G en c o n r y A Id g rt g 5 s ’ 31 A - O
95 Sale
G en c o n stam p g td g 5s ’ 31 A - O
94 Sale
M iss R iy B d ge. See C h ic A A lt
M ob A B lrm p rior lien g 5s.'4 5 J - J
S m all...................................... J - J
In com e g o ld 4 s ............. 1945 J - J
S m all......................................
M b & O h io n ew gold 0s. . ’ 27 - D *113 121
1st e x te n s io n g o ld 0s. 1927 Q -J *
G eneral g o ld 4 s ............1938 M -S
7 7 « Sale
M on tg om D ir 1st g 5s. 1947 F - A
98% 99%
St L A C airo g u g 4s ..193 1 J - J
M ohaw k A M ai. See N Y C A H
M on on g a h ela Riv. See B A O
M on t C en t. See St P M A M .
M o n ta u k B x t. See L o n g Is. I

Range

■ «

M

»

.... .

G la s S e c u r i t i e s .
'S yracu se Gas— S t o c k . .. ..
1st 5s 1 9 4 0 ............... JA J
W es tern G a s(M ilw )—Stck
5s—See N Y S tock E x ch
T e le g . & T e le p h .
A m erica n D ist T e le —N Y
A m e rica n T e l A Cab—N Y
Cen tral A S ou th A m e r___
Ches A P o t o T elep h — Stk
B o n d 5 s ..............................
C om m ercia l Cable—N Y S
Cornm er U n ion T e l (N Y ).
E m pire A B a y S tate T e l , .




B id.
15
80
L ist.

A sk .
18
89

S to ck
S tock
101
59
103
to o k E
114
,70

E x ch
E x ch
103
61
100
xch
117
>70

3 ’«i

Ig !«

Price
Friday,
June 2 4 .
Bid.

33%
9%
100
124%
107
113
118
103 %
121

33%
A u g ’ 97
N o y ’ 97
M ay’ 08
J ’n e ’ 98
A p r .’ 98
J ’n e ’ 98
S ep.’ 97
J ’ly ’ 97

110

D e o ’ 97

100%

32

80

1 2 0 « 124%
107 107%
113 117
110% 120%

100%
M ay’ 98
90

94 101
100% 104%
83
91%

100% J ’n e ’ 98
103 J ’n e ’ 98
108 M ay’ 98
94% J ’n e ’ 98
85 A p r.'9 8
103 Ja n .’ 98

90% 109
101% 108 «
108
108
87% 95
85
91
103 103

109

M a r’ 98

103

95
119

95
J ’n e ’ 98

90
98%
1 14 % 119%
101
105

103
90

102%

102 %

109

118«
119%

113%
119«

27 1 0 8 % 1 1 0 %
114% 122%

120

120%

33

120

J ’n e ’ 98

117 " 123%

08

A p r.’ 98

0 3 " *,*0flj¿

78%

74%

07

110

70«

123%

70

J ’ ly ’ 97
F e b ’ 97

112

112

110

102% M ay’ 98
122 F eb .’ 98

121%

125% J a n .’ 98
100 F e b .’ 98
108 Ja n .’ 98

143
107
127

115%

102% 100«

122 123
121 127
125% 125%
100 100
108 108

121%

J ’ly ’ 9
107
N ov’9

100% 108%

121% A u g ’ 9

87
88%
02%
03«
8 3 « J a n .’ 9s
82%
82%
73 J ’n e ’ 98
80 M ay’ 98
98%

99

100%

101%

82«
57
83«
80
71
75

93% 99%
93 101%
103% 110
05% 79%

108% J ’ n e ’ 98
78 J ’n e ’ 98
72%

15

73

91«
67%
83«
85%
75«
84%

00

73

103% J ’n e ’ 98
107% J ’n e ’ 98

100
100
105% 107%

108 M ay’ 98
105«
100%
105«
100
94%
95
93
94

107% 110%
102% 100%
102
108
80
95
80
94

120

120

119
77
99

D e c ’ 97
77«
99%

(G iv e n

118% 123
7 0 ” ” 80%
9 7 % 99%

« .....
....

at

foot of

T e le g .d c T e le p h .
E rie T e le g A T e le p h o n e 08
09
F ran klin ................. .............
40
G old A S t o c k .................... 109%
B o n d s ........... ...................
90
H u d s o n R iv e r T e le p h o n e
74
77
I n te m a tio n O cea n ............. 108
M e x ica n T e le g ra p h ........... 190
200
M exica n T e le p h o n e ... .10 ’ 57% •60
N ew E n g T e le p —See B ost on list
N orth w estern T elegraph . 110
N Y A N J T e le p h o n e .. . . 147
149
5s 1920 . ; . . ; . , ; . . . , J A J 100%
P a cific A A t la n t ic . . . . . . .
72
80

7

Week’8
Range or
L a a Sale.

Range
from.
Jan. 1.
L o w .H ig h .

1 3 1 « M ay’ 98
1 0 5 « N o v ’ 97

102 %

119
119
110«
109 %
109%
104
104«
105%
104

128

102 %

119%
J ’n e ’ 98
J ’n e ’ 98
M ay’ 98
S e p .’ 97
J ’n e ’ 98
F e b .’ 98
M ay’ 98
M a r ’ 98

181%

1Ö0” 10*5 ”

118% 119 %
113% 119
100 113
100 1 1 1 «

iba” iba”

1 0 4 «1 0 4 «
100% 105%
104 105

107% J ’n e ’ 98
1 07 % J ’n e ’ 98
103 M ay’ 97

107% 109%
107 % 1 09 %

108«
110
100«
107
108% N o v ’ 97
100 J ’n e ’ 98

102« 110%
101%110

80

iba” ioo”

N o y ’ 97

1 2 1 « J ’n e ’ 98

119% 128

107% J ’n e ’ 97

123
123
104 %
104%
104 A p r.’ 9t>

123
100
104

120
107 %
104

104%
157%
153
125%

O ct.’ 97
J ’ n e ’ 98
J ’n e ’ 98
F e b ’ 97

145
145

157%
153

119
114

F e b .’ 98
M ay’ 97

119

119

100%

100
90

109
1 03 %

113%

1Q4

118«

105
120%
118
117
101
«7 %
81

M a r ’ 98
J ’n e ’ 98
M a r ’ 98
F e b .’ 98
F e b ’ 97
87%
81«

105
120
118
117

105
125 %
118
119«

102

Jan.*9S

100 %
99%

115
110
124
124%
90%
93%
01%
113

115
J ’n e ’ 98
J ’n e ’ 98
J ’n e ’ 98
98% 450
M ay’ 98
02%

82
74«

85*

O

.....
.....

t B o n d s d u e Jan.

1227

Atk. Low. High. No.

M organ’ s L a A T . See S P Co.
Morris A E ssex. See D el L A W
ash C h at A St L 1st 7 s .’ 18 J - J
2d 0 s ...........................1901 J - J
1st c o n g o ld 5 s ............. 1928 A - O 102% Sale
1st O s T A P b ................ 1917 J - J
1st 0s M cM M W A A 1 .19 17 J - J
1st g o ld 0s Jasper B ch . 1923 J - J
N ash F lo r A S h e f. See L A N
N ew H A D . S eeN Y N H 4 H
N J Ju n o R R . See N Y Cent,
N J Sou th ern . See C e n t N J.
N e w A C in B d g e . See P e n n C o
N O A N B p rior lie n g 0s. 1915 A-OT
N Y B A M an B ch . See L I.
N Y B a y E x te n R R . See L I,
N Y C ent A H ud R —
1st 7 s.................................1903 J - J
1 1 8 « ........
R e g is t e r e d ..................1903 J - J
1 1 8 « ........
D e b e n tu re 5s o f . 1884-1904 M - 8 110 % ....
R e g is t e r e d . . . . 188 4-1904 M - 8 1 1 0 % ........
R e g d eb 5s o f . . .188 9 -1 9 0 4 M - S 110% ..
D e b e n tu re g 4 s .. 1890-1905 J - D 1 0 4 « ........
R e g is te r e d ........1890-1905 J - D 1 0 4 « . . . . ;
D e b t certs e x t g 4 s . . . . 1905 M -N 104
........
R e g iste re d ....................1905 M -N *104% 105
G 8 % s .................................1997 J - J
100
R e g is te re d ....................1997 J - J
H arlem 1st 7 s ................ 1900 M -N 107% 108
R e g is t e r e d ...................1900 M -N 1 0 7 % 1 0 8
N J Ju n o K g u 1st 4s . 1980 F - A
R e g is t e r e d ...................1980 F - A
W e s t Sh ore 1st 4s g u . 2301 J - J * 1 0 9 % 1 1 0
R e g is t e r e d ...................2301 J - J *100
B e e ch C rk 1st gu g 4 s . 1930 J - J
R e g is t e r e d ...................1930 J - J
2d g u g o ld 5 s ............. 1930 J - J
R e g is te r e d ....................1930 J - J
C learfield B itu m C oa l C orp
l s t s f i n t g u g 4 s s e r A . ’ 40 J ^ J
Sm all b o n d s series B . . ’ 40 J - J
G ou y A O sw e 1st g u g 5s.’ 42 J - D
R W A O g c o n l s t e x t 5 s . ’ 22 A -O * 121%
N o r A M o n t 1st gu g 5 s .’ 10 A - O
R W A O T R l s t g u g 5 s . 18 M -N
O sw e A R 2d g u g 5 s .. 1915 F-AS
U tica A B lk R iy g u g 4s. ’ 23 J - J
107% ..........
M oh A M ai 1st g u g 4 s .l9 9 1 M - S
C art A A d 1st g u g 4s. 1981 J - D
N Y A P u t l s t c o n g u g 4 s . ’ 93 A - O *123
..........
N Y A N orth l s t g 5 s .. 1927 A - O ..........125%
N Y C h ic A S t L l s t g 4s. 1937 A - O 1 0 4 « Sale
R e g is t e r e d .......................1937 A - O
N Y A G reen w L a k e. See Brie
N Y A H a r. SeeN Y C A H ud.
N Y L a ck A W . S e e D L A W
N Y L E A W . See E rie.
N Y A M an B ch . See L o n g Is.
N Y A N E . See N Y N H A H :
N Y N H A H a r t l s t r e g 4 s . ’ 08 J - D
C o n v ert d eb certs $ 1 ,0 0 0 .. A - O
100
Sm all c e r tfs $ 1 0 0 .............
158
H o u sa to n lo R co n g Ss.1937 M -N *120
N H A D e rb y c o n 5 s .. . 1918 M -N
N Y A N E 1st 7 s ..........1905 J - J
124
1st 0 s .............................1905 J - J
120
N Y A N orth . S w N Y C A H .
N Y O A W c o n l s t g 5s. 1939 J - D 100
107%
R e fu n d in g 1st g 4 s . . . . 1992 M-S#
9 9 « 3ale
R eg is $5,0 0 0 o n l y .. . 1992 M-S#
N Y A Pu t. See N Y O A H .
N Y A R B . See L o n g ltd.
N Y S A W . See E rie.
N Y T e x A M. See So P a c Co.
N orth Illin o is. See C hi A N W .
N orth O hio. See L B rie A W .
N orth ern P a cific—
G en 1st R R A L G s f g 0 s . ’ 21
115
R e g is te re d ....................1921
115
117
S tP A N P g e n g 0 s ...l9 2 3
124
R eg iste re d c t f s ..........1923
P r io r lien r A 1 g g 4s. .1 9 9 7
98 Sale
R e g is te re d ....................1997
97
G eneral lie n g 3 s ......... 2 0 4 7
0 2 % Sale
R e g is t e r e d ..................2047
N or P a o T e r C o 1st g 0s. 1933
N o r R y Cal. See C e n t Pao.
N orW ts. S e e O S t P M A O .
N or A S ou th 1st g 5 s . . . . 1041 M -N 102
N or A W e s t g e n g 0 s . . . .1931 M -N 121
N ew R iv e r 1st g 0 s . . . . 1932 A - O
Im p rv m t A e x t g 0 s . .. 1934 F - A
C C A T 1st g u g 5s.. ..1 9 2 2
- J 105 ..........
S cio V A N E l s t g u g 4 s .l 0 8 9 M -N
80% 87%
N A W R y ¿ s t c o n g 4s. 1990 A - O
81% Sale
R e g is t e r e d ..................1990 A - O
S m a ll................
1990 A - O
N or A M ont. See N .Y .C ent.
g A L Ch 1st c o n 0 s . . 1920 4 - 0
In c o m e ....................... 1920 A - O
In c o m e s m a ll.......................... A - O
O I n d A W . See C C C A St L.
O hio A M iss. See BA O SW .
O hio R iv e r R R 1st g 5S..1936 J - D
104
G eneral g o ld 5s............. 1937 A - O
85
O h io S ou th ern 1st g 0 s ..1921 J - D
85
G eneral g o ld 4 s .............1921 M -N
10
E n g T r C o c e r t f s ................
Om A St L 1st g 4 s . . . . . . 1901 J - J
80
O re A Cal. See So P a c Co.
O regon Im p C o 1st g 0s. 1910
114
115
E n g T ru st C o c t fs o f dep.
*114
115
Stam ped in t pd to D eo 1 ’ 97
Con g o ld 5 s ......................1939 A - O
0 0 % 00%
C on T r C o re c fs all in st pd..
00% Sale
O re R y A N a v l s t s f g 0 s. 1909 J - J
..........110
O re R R A N ay c o n g 4 s .. 1940 J - D
95% Sale
O re S h ort L in e 1st g 0s. 1922 F - A
120
U tah A N or 1st 7 s ........1908 J - J *118
......
G o ld 5 s ........................ 1920 J - . J *1 0 0

N

♦ N op rioe F rid a y; t h e s e a re la te s t bid and asked this w eek,

OUTSIDE SECU RITIES

W e e k E n d in g J u n e 2 4 .

Low. High.

Ï3

....

PRICES (5 pages) P a g e 3.

t B o n d s d u e J uly.

1 B on d s d u e J u n e.

c o n s e c u t iv e p a g e s ) . —
T e le g . & T e le p h .
S ou th ern A A tla n tic
W e s t ’ n U n ion T e le g —N Y
E l e c t r ic C o m p a n ie s .
A lle g h e n y Co L ig h t C o ...
Brush E le ctric C o ..........
B r’ dgprt (C t) El L t C o.25
C on sol E le ctric S to ra g e ..
E d d y E le ctric M fg C o..25
E d iso n El 111 Co N Y — N F
E d iso n E l Til Co B rk—N Y
E dison O re M illin g C o ....
E d iso n Storage C o .............

83 %
83%
14% F e b .’ 9M
10 J ’n e ’ 98
80
80
109
114

M a r ’ 98
114

15*

lì*
109
1 09 %
100% 114

3 3 % A u g ’ 97
60
00«
16 J ’ n e ’ 98
95
95%
20
126%

111

110

21

89
118

121

97
127 %

02

121

49«

M ay’ 9

1 B o n d s d u e M ay.

62%

121

B on d s due N ov.

TEL. & ELECTRIC, &c.

B id. A sk.
85
S tock E x ch
127
37
t 32
18
20
t .......... 13
Stock E x ch
S tock E xch
10
13
22
25

E le c t r ic C o m p a n ie s
E a st End E le ctric L ight..
E lectro-P n eu m atie............
F o r t W a yn e E lec. Co ..2 5
S e n e s A ..................... .
G eneral E le ctric C o—N Y
D o pref.—See B o s to n 1.
H a rtfo rd (C t) K le c l.t Co.
H a r tf’d (C t) L tA P o w C o 2 5
M o E d ison E le c t r ic ...........
D o p re fe rre d .................. '
N arragan. (P r o v i Kl C o.5o
N ew H a v (C t) E le c l,r C o
t P rice per share.

B id.

A sk .

1%
4*
Stock
ist.

122
t

6
14
43
t S3
165

E x ch
130

11

17%
45
90

THE

1228

P r ic e

BONDS.

Friday,
June 2 4 .

H .Y . S T O C K E X C H A N G E
W e e k E n d in o J u n e 2 4 .

Bid

C H R O N IC L E —
Week’s
Range or
Last 8ale.

■3*
I ©

Range
from
Jan. 1.

F

fe l

f

S

R h o d e Island E lec P ro Co.
T o r o n t o (C a n ) E lec L t Co.
T h o m -H o u s t W e ld in g Co.
U n ited E lec L tA P Co p ref
B o n d s '................................
W e s tin g H lecA M fgC o— Se
W o o n s o c k e t ( R 11 El C o ..

B ld. A sk .
120
110
135« 136«
100
12
18
85
83
e B o s t L ist.
110
100

K e r r y t 's m p a n l s s .

B ’klyn A N Y F erry -S tock 2 2 0
6 s, 1 9 1 1 ............................. {1 1 7
89
H o b o k e n Ferry—S t o c k ..
1st 5s 1 9 4 6 ............. M AN 1107




93
100

tr ic e
Friday,
June 2 4

BONDS.
N .Y . S T O C K E X C H A N G E
W e e k E n d in o J u n e 2 4 .

F e r r y C o m p a n ie s .
N J A N Y Ferry—S to c k ..
1st 5s 1 0 4 8 ............... JA J
N Y A E R Ferry—S tock.
B on d s 5s o f 1 9 3 2 ...........
N Y A 8 B Tran s A F erry
B on ds, 5s, o f 1 9 0 6 ........
10th A 28d Sts F e r r y ........
1st m o rt 5s 1 0 1 9 ...JA D
U nion Ferry—Stock
1st 5s 192 0............. M AN
R a ilr o a d s .
A te Col A P 1st 6 s t r e o c t s

[ \ 0 l. l x v i.

«
Week’s
Range or ■
Last. Sale.

.

Range
from
Jan, L.

Bid. Ask. Low. H ig h . (VO Low.Hxgh,
L 0 4 « O ct.’ 97
10694 8 av F A V 1st co n g 6 s. 1984 A - O
1034
A
O
1st
g
5
s.............................
74)4
S cio to V al A N B. See N or & W
54
1 0 4 « 1 0 4 «,
Seab A R o a 1st 5 s ........... 1026 J - J * 1 0 8 « .......... L 0 4 « F e b .’ 98
Sea A B Bdge. See B k lyn Bl.
Sod B ay A So 1st g 5 s . . . 1924 J - J
42
92
98
94
94«
94
Sale
So Car A G a l s t g 5 s .. ..1 0 1 0 M -N
S ou th ern P a cific C o—
_
107
107
.......... 107 J a n .’ 98
G al H ar A S A l s t g 6S.1910 F - A *105
108 114
0 5 « M ay’ 98
100
1 0 5 «,
2d g 78........................... 1905 J - D ♦102 105
‘s i
92
96«
03«
03«
98 & Sale
M e x A P a c d iv 1st g 5s.’ 81 M -N
125
..........
H o u s A T C 1st W A N 7 s .'0 8 J - J
.......... 1 1 0 « M ay’ 98
107« 110«
1st g 5s in t g t d ..........1937 J - J * 1 1 0
00)4 113
105 107
105
......... LOS M ay’ 98
C o n g 6 s in t g t d ........1912 A - O
108 118
10
7 6 « 82
.......... 8 1 «
81«
G en g 4s rat g t d ........1021 A - O * 81
120« 120«
1 2 0 « F e b .’ 98
M o rg a n ’ s L a A T l s t g 6 s . ’ 20 J - J
127 127
127 A p r .’ 98
1st 7 s ............................. 1018 A - O
10694 108
N Y T A M e x g u l s t g 4 s . ’ 12 A - O
75 ' ” 7 ¿ "
75 " Jan ’ 98
O re A Cal 1st g td g 5s. 1927 J - J
140 140)4
65
5 5 « 66«
64«
64«
6 4 « Sale
8 A A A P ass 1st g u g 4 s . ’ 43 J - J
140 140
110 M a r ’ 98
T e x A N O 1st 7 s ..........1005 F - A
......................
Sabine d iv 1st g 6 s . . l 9 1 2 M - S
10
96« 98«
98
98
105
C on g 5 s ......................1043 J - J
Ô4 1 0 0 « 1 0 8 «
108«
S o P o f A r g u l s t g 6 s . ’ 00-10 J - Jl 1 0 8 « Sale 1 0 7 «
107 109
106 « 110
1 0 6 « M ay’ 98
S P o f Cal l s t g 6 s .’ 05-12 A - O
63
92« 9 7«,
06«
9 '«
9 7 « Sale
1st c o n gu a r g 5 s .. 1987 M - N
35
82
87«
83
84
84
Sale
A A N W 1st gu g 5s. 1941 J - J
8 P C oa st 1st g u g 4 s . . 1087 J - J
48 1 0 5 « 110
110
110 Salle 109
S P a c o f N M ex 1st g 6 s . ’ l l J - J
Sou th ern R a ilw a y—
94«
9 5 « 208
87
98 *
9 5 « Sale
1st c o n g 5 s ..................... 1094 J - J
R e g is t e r e d ...................1994 J - J
96 1 0 0
100 Feb.* 9 «
B T e n re o r lie n g 4 -5 s .l0 8 8
R e g is t e r e d ...................1038 _
A la C en R l s t g 6 s . . .. 1 9 1 8 J - J
A tl A Ch A ir L in e in c . 1900
......................
C ol A G reen v 1st 5-6S.1916 J
1 0 6 « 108
108 J ’n e ’ 98
B T V a A G a 1st 7 s . . ..1 9 0 0 J - J * 1 0 7 « 109
116)4 115)4
1 1 2 « 115
1 1 4 « J ’n e ’ 98
..........115
D iv isio n a l g 5 s ...........1930 J - J
*109
HO
107 1 1 1 « .
110 J ’n e ’ 98
C o n 1st g 5 s ................ 1056
118 123
122 J ’n e ’ 98
1
2
1
..........
G
a
P
a
c
R
y
1st
g
5-6s.
.1
9
2
2
100)4
112 1 1 7 «
*117
......... 117 J ’n e ’ 98
K n o x A O h io 1st g 0 8 .1 9 2 5
06
0 118 1 2 5 «
1 2 5 « Sale 125
125«
R ich A D an c o n g 6 s. .10 1 5
18)4
97
105
E q u ip sink fu n d g 5s. 1 0 0 0
95
06
96 J ’n e ’ 98
D e b 5s s ta m p e d ........1027
120 120
6 100 1 0 7 « .
......... 1 0 7 «
106
107«
M id ge n 5 s . ..1 0 3 6
86)4 86)4 V ir gGintdiastam
102
107
107
J
’
n
e
’
98
106
107H
p ed ........... 1036
W O A W 1st cy gu 4 s .l9 2 4
*114
.......... 113 M ay’ 98 *••• 1 1 0 « 1 1 6 «
W e s t N C 1st c o n g 08.1014
S A N A la . See L A N .
Spok A P a lou se. See N or Pac.
♦
10R
Stat Isl R y 1st g u g 4 « s . l 9 4 8
Sunb A L e w istn 1st g 4s. 1036
Syra B ing A N Y . See D L A W
109 1 1 0 « ,
1 0 9 « 109 M ay’ 98
r p e r A o f St L 1st g 4 « s . ’ 89
i 1 0 5 «1 0 9 «
10SH 109
108«
108«
A 1st c o n g o ld 5s. 1894-1944
108 O c t .’ 97
St L M B g e T e r g u g 5 s .l9 3 0
T e rre H a u te E le c R y g 8 s .’ 14
T e x A N O. See S o P a c Co.
104 109
8 109 1 1 0 «
110«
110«
* 110
T e x A P Ry E d lv l s t g 08.1905
2o
9 6 «1 0 5 «
1 0 5 « Sale 1 0 4 «
105«
1st g o ld 5 s .......................2000
7 6 « 86
548
¿8
89^,*
3
8
«
Sale
38
39
Mch.
2d
g
o
ld
Inc.
5s,
D
e
c
.
.
.
200
0
40
39
1
1 7 « 124
8
1
2
2
«
1
2
2
«
182
T h ird A v 1st g o ld 5 s . . . . 1937 J
102 105
105 J ’n e ’ 98
105 106
7 7 « 87H T o l A O C 1st g 5 s ...........1985
1 0 3 «1 0 3 «
1 0 3 « J a n .’ 98
W e s t ’n d iv 1st g 5 s .. ..1 9 8 5
G eneral g o ld 5 s ..............1935
76
S2
78 J ’n e ’ 98
* 78
81
K an A M 1st gu g 4s. ..1 9 9 0
69
72«
72 M ay’ 98
72
T o l P e o A W I s t g o ld 4 s .l9 1 7
7 8 « 90
0 8 5 « 90
87«
87«
* 82
87
9 4 « T S t L A K C l s t g 6 s t r .l 0 1 6 J 01
98 104
09«
100
100 Sale
rlste r A D el 1 st e g 5s. 1928 J •
66
54
1 nton E le v . See B k lyn B le v
Un E l (C h ic) 1st g 5 s . ...1 9 4 5
98«
98^6 Sale
96«
9 8 « •225o 8 8 «
Un Pao—R R A 1 g g 4s. 1947
R e g iste re d ........... . . . . . 1 9 4 7
68«
80«
5
44
51
47«
47«
4 7 « Sale
T r C o c t fs g 4 « s ...........1918
114 f e p . ’ 07
)
........*
K ansas Pacific 1st 6 s . . 1896
C B Un P fd c o u g 7 s .. 1895
4 8 « 63
61«
6 2 « 628
6 2 « Sale
U P D AG 1 st c g 5 s t r r c . ’ 39
U n lN J R R A C C o . See P a R R
U tah A N orth. See O re 8 L.
U tica A B lack R. See N Y C en t
er Val Ind A W . See M o P.
111
116«
irg in ia M id. See South Ry.
111« 116«
1 1 0 « 322
1 1 0 « Sale 109
ab R R Co 1 st g 5 s . .1 9 8 9
113 1 1 6 «
74« 85«
84«
8 5 « 136
l
8 5H Sale
2d gold 5 s .............. 1939
114 1 2 0 «
D e ben tu re series A . . . . 1089
0
2Ï
29«
27«
27«
27
28
9 8 « 106
Series B.1 989
97 1 0 5 «
6
105«
I
1 0 5 « 105
0 2 « 100
l s t g 5 s Det A C h E x t. .1941
1
0
8
«
110
110
J
’n
e
’
98
S tC h as B ridge I s t g 6 s .l 9 0 8
)
W arren R R .
See Del L A W
7 9 « W a sh OA W . See Sou th ern
103 1 0 9
108 J ’n e ’ 98
J *109
110
W e s t N Y A Pa— l s t g 5s. 198'
96
4 7 « 55
2
52«
3 * 52
53« 52«
G en g 3 -4 s ........................1043
10
1®
15
J
’n
e
’
98
*
1
4
«
1
5
«
In
c
o
m
e
5
s
....A
p
r
il
,
1948
77
3 1 « W est N o Car. See Sou th Ry.
W estern P ac. See C en t Pac,
*
W C h ic 8 t4 0 -y r 1st cu r 5 s .’ 28
99 D e c ’ 97
V
115 117
40-year c o n g 5 s ............1930
1 0 5 « 109
W e s t Shore. See N Y Cent,
120 1 2 2 « W V a A P itts. See B A O.
1 1 8 « 122
W V a C ent A P 1st g 0 s . 1911
iö ö « i ö i«
1 0 1 « M a r ’ 9i
J *108
128 129
W h eelin g A L B 1st g 58.1020
100
103
100 M a r ’ 98
. *108
T ru st Co certificates.............
90
90
90 M ay’ 98
I * 92
105« 108«
W h e e l D iv 1st g o ld 5s. 1928
9
2
«
92«
0
2
«
M
a
r
’
98
A
B x te n A Im p g o ld 5 s .. 1930
J
32
C on sol g o ld 4 s ...............1992
9 3«10 0«
W ilkes A East. S e s N Y S A W
06
06
1 2 2 « 1 2 2 « Wtl A S iou x F. See St P M A M
W in on a A St P. See C A N W
1 1 8 « 182
W is C en t Co l s t t r g 5s .. 1987
50
41«
.* 4 1 « 42« 4 0 «
107 1 0 9 «
E n graved tru st certificates.
i *
‘ i
In co m e 5s........................1987

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

06
58
80

....

....

•a.a
....

.....

.....

«

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

....
....

.....

L

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

V
W

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

1

1 0 5 «1 0 8 «

M ISC E L L A N E O U S B O N D S
* m C o t Oil d eb g 8 s . . .1900
r\.m D k A Im p 5s. See Cen N J
Am Spirits M fg 1 st g 6 s . 1915
A tlanta G L Co 1st g 5S.1947
ar A S Car C o l s t g 6 s. 1942
os IT Gas t r c t fs s f g 5 s . ’ 39

B

. th e s e are latest bid an d asked th is w eek. tB o n d s d u e J a n e .

E lectric Companies.

4.
P R I C E S (5 p a g e s)
s) P a g e 4

A sk. Low. High. Ho. Low. High

14
100«
Ore Sb L — 1st c o n g 6 s... 1946 J - J 10 6 )4 Sale 1 0 6 «
16
72«
78«
7 8 « dale
N on-cum Inc A 5 b ........ 1046 Sep.*
5 3 « J ’ n e ’ 08
N on -cu Inc B A c o l tr .. 1046 O ct.* .......... 54
O sw ego & H om e. See N Y C
O O F A St P. See C 4 N W
ac o f M issouri. See M o P a c
an am a s f s’ bsidy g 6 s. 1 0 1 0 M -N
P en n sy lv a n ia Co—
13
118«
J 1 1 8 « Sale
P en n C o gn 1st g 4 « s . l 9 2 1
112« D e c ’ 07
J ..........114
R e g is te r e d ...................1 0 2 1
G td 3 « s c o l tru s t reg. 1037 M - S
P O C & St L oon g u g 4 « s —
10) 4 J ’n e ’ 08
Series A ......................... 1040 A -O 111
11) 4 J ’n e ’ 98
Series B g u a r . . , .........1042 A - O *111
Series C g u a r .............. 1042 M -N
0 ¿ " Oct."’ 07
Series D 4s g u a r .........1045 M -N
08 J 'n e ’ 98
P itts C ln A St L 1st 7S.1000 F - A
09)4 A p r ’ 07
R e g is t e r e d .. ................ 1000 F - A
40 M ay’ 98
P itts F t W A O 1st 7 s . 1012 J - J
2d 7 s ...............................1012 J - J •140 1 4 2 « 40 M ay’ 98
8 d 7 s ...............................1012 A -O *
12)4 A p r ’ 07
C S t L A P 1st c o n g 5s. 1032 A - O
R e g is t e r e d .................. 1082 A - O
107 M a y’ 98
Clev A P itts c o n s f 7 s . 1000 M -N
G en gu g 4 « s s e r ’ s A . 1042 J - J
Series B..................... 1042 A -O
G r R A I e x 1st gu g 4 « s . 1041 J - J
102 N o v ’ 97
A lle g h V el gen gu g 4s. 1042 M - 8
N A C B d g e g e n gu g 4 « s . ’ 45 J - J
P e n n s y lv a n ia R tt Co—
108 M ay’ 07
1st real esta te g 4 s . ... 1 0 2 3 M -N
C o n sterlin g g 6 s ..........1005 J - J
C on c u rren cy 6 s r e g .. .1 0 0 5 Q-M t
C on g 5 s .......................... 1010 M - S
R e g is te r e d ....................1010
C o n g 4 s ........................... 1043
Cl A M ar 1st gu g 4 « s . l 9 3 5 M -N
115)4 F e b .’ 08
U N J R R & Can gen 4s. 1044 M - 8
D R R R A B g e 1 st gu 4s g .’ 36 F - A
P en sa cola A A t. See 1. A Nasb
98 M ay’ 08
P e o D ec A E l s t g 6 s t r reo.’ 20
06 M ay’ 98
ISva n s D iv l s t g 6 s t r r e c . ’ 20
18)4 J ’n e ’ 98
2d g 5s tr rec 1st p d .,1 026 M -N
P e o A Bast. See C C C A St L
120 M ay’ 98
P e o A Pek Un 1 s t g 6 s. ..1 0 2 1 Q - F 121
85)4 M ay’ 98
86
2 d g 4 « s ............... F eb ., 1021 M -N
187 N o v ’ 97
D
P in e Creek reg gu ar 6 s . . 1032
P itts Cln A St L. See P en n Co.
P C C A 8 t L . See P en n Co.
P itts C lev A T o l I s t g 6 s .. l 0 2 2 A - O
P it t s A C on n ellsv. See B A O .
ltts F t W A Ch. See P en n Co.
ltts Ju n e 1st g 6 s . .........1022 J - J
P it t s A L Brie— 2 d g 5s .. 1028 A -O !
P it t s M cK A Yo— l s t g u 6 s . ’ 82 J - J
2d gu ar 6 s ........................1034 J - J
M c K e e A B V 1st g 6 s . 1018 J - J
P it t s P A F 1st g 5 s ........1016 J - J
P it t s Sh A L B 1st g 5 s . . 1040 A - O 10694 Sale 106*4 106V
98 J ’ ly ’ 9'
1st co n s o l g old 5 s ........1043 J - J
86
868
' 8694 Sale
P itts A W e s t 1st g 4 s . .. 1017 J - J
89 J ’n e ’ 9
G o ld 5 s .................. 1801-1041 M -N
P itts Y A A sh 1st oon 5 s l0 2 7 . M -N
86)4 Sale
85
86)4
T J eading C o gen g 4 s ... 1007 J - J
X L R e g is t e r e d ............... 1007 J - J
R en ssela er A Sar. See D A H .
R ic h A D an. See S ou th R y .
87)4
00
00 Sale
R io G r W es t 1st g 4s. . ..1 0 3 0 J - J
91 J ’n e ’ 98
R io G r Ju n e l s t g u g 5s. 1030 J - D
6 6 J ’n e ’ 98
RiO G r So 1st g 3 -4 s .........1040 J - J
R o c h A P itts. See B R A P.
R o m e W a t A Og. See N Y Cen t
a lt L a k e C 1st g s f 6 s.’ 03-13 J - J
80
80
t JoA G 1 1st g 2-3 4 s .. 1047 J - J
S t L A A T H . See Illin ois Cent.
St L A Cal. See M ob A O b io .
St L A Iron M ount. See M P.
St L J a ck A Chi. See C b A A lt.
St L K C A N. See W abash.
St L M Br. See T R R A o f 8 t l
St L o u is A San F ran cisco—
115)4 111
M ay’ 08
2d gold 6 s Class A . . . . 1006 M -N
115)4 1 1894 J ’n e ’ 98
2d gold 6 s Class B ........1006 M -N
114
8 ale 114
2 d gold 6 s Class C ........1006 M -N 114
1st g Os P ierce O A O ..1 0 1 9 F - A
1 2 0 )4
120)4 1 2 0
G eneral gold 6 s ..............1981 J - J *1 2 0
10594 106
106 Sale
G eneral gold 5 s ..............1931 J - J
09
100
08
1 st tru st gold 5 s ........... 1087 A -O
105 0 c t . ’ 07
F t 8 A V B Bdg l s t g 0s. 1910 A - O 106)4
K ansas M id 1st g 4 s . ..1 0 3 7 J - D
78«
7894 Sale
S t L A 8 F R R g 4 s . ...1 9 9 6 J - J
J ’ n e ’ 98
94)4 06
Sou th w D lv 1st g 5 s ...1 9 4 7 A - O
S t L 8 o. See S t L A A T H .
74)4 . . . . .
7594
76
S t L 8 W 1st g 4s b d e fs . 1989 M -N
20
30
29)4
80)4
2d g 4s in c bond c t fs . .19 8 0 J - J S
90
N o v ’ 97
S t P a u l C ity Cab. c g 5s. 1987 J - J *105)4 107
G u aranteed g old 5 s . . .1 9 8 7 J - J
117 M a r ’ 98
S t P a u l A D u lu th 1st 58.1931 F - A *115 120
105)4
105«
2d 5 s ..................................1017 A -O *105 106
120
S t P a u l M A M 2d 6 s. ...1 0 0 9 A - O *119)4..... 1 2 «
D a k ota e x t gold 6 s . . . . 1010 M -N * 1 1 8 )4 ........ 12094 J ’n e ’ 98
129 J ’n e ’ 98
134
1 st c on sol g old 6 s ........1033 J - J *130
R e g is t e r e d ..................1033 J - J
108
108
R e d u ced t o gold 4 « s 1088 J - J ’ 108)4
106)4 M ar’ 98
R e g is te r e d ................ 1933 J - J
09
08)4 9994 0 8 «
M o n t E x t 1st g old 4 s .. 1037 J - D
06 F e b .’98
R e g is te r e d ....................1037 J - D
1 8 2 « J a n .’ OS
181
M in n U nion l s t g 6 s . . .1 9 2 2 J - J
181)4 J ’ n e ’ 98
M o n t C 1st gu g 6 s . . . . 1987 J - J
115
A p r ’ 97
R e g is t e r e d ..................1037 J - J
110
109)4 M ay’ 08
1 st gu ar g o ld 5 s ........1937 J - J
R e g is t e r e d ...................1037 J - J
108)4 J ’n e ’ 98
B M in n l s t d iv l s t g B s .1 0 0 8 A-O
R e g is t e r e d ...................1908 A-O
111 N o v ’ 97
W ill A 8 F l s t g 5 s . ...1 9 8 8 J - D
R e g is t e r e d ...................1088 J - D
S t P A N or Pac. See N or P ac
B tP A 8 ’ x C ity. See C S tP MAO
8 A A A P. See So P ac. Co.
10 0 « O ct.’ 97
S F A N P Is* ■ t e * s . .. 1919 J - J ♦103
11N o p rice F riday

b o n d

B id.

linó

A sk.

7i
69
93
i 90
80
25
95
{ 90
75
70
{ 99
4 8 « 50
{ .......... 1 0 1 «
49

* B o n d s d u e Ju ly.

F
It
J

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

....

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

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

..........

....

1 0 6 « Sale
85

Sale

......... .

106«

108%

83

85

1 9 0 « .Tan.’ Oi

aaata

1 0 2 «1 0 9
14

...

64

85)

90«

»1

I B o n d s d u e M arch. ! B on d s d u e Jan. I B on d s d a « «O T .

Bid. A sk.
R a ilr o a d s .
A tch A P ik e ’ s Peak 1st 0s 1 0 2
A te T A S F e gu fd 6 s n o te s 1 0 0
A tl’ta A Ch A ir L l s t 7s ’ 07 117
8
A tlA P cts o f d e p gu 4s st’ d
««
94
97
B A O 8 « s , w h e n Issued..
85
89
D o 4s
53«
D o pref
“
B o s t A N Y A ir L in e —Com
P r e fe r re d —See N Y 8 t o c k B x ek.
98
C a lifo ro la P a cific 1st 4 « s
94
Do
2d m o r t guar
Ch M il A St P D ub D iv ’ 20 8120
Do
W l» V n ld iT 6 « ’ « 0 81 17

R a ilr o a d * .
Ch AN W 1st 7s M ad e x t ’ 1 1
D o , M en om in ee e x t ’ l l
Chic A T om ah 1 st 6 s 1905
N ortbw Un. 1st 7s 1917.
F re m B lk A M o V a l l s t ’ 33
Do
unstam ped
W in A S tP 1st e x t 7s ’ i0
Ch A B ast III sink fd ool tr
C ln A 8 p g f 2d 7s gu C C CAI
Jack L A Sag l s t e x t 5 s ’ 01
K ingston A P e m b I s t M . .
L N A A C h 1st 6 s C A I D iv
3 And

Bid.
{1 8 7
8127
{1 0 9
8132
1132
{131
{ 1 SS
105
105
102
lit ”
m>r *h

A sk.

1,

THE CHRONICLE.—BOND

June 25, 1898.]
BONDS.

s.,2
H.T. STOCK EXCHANGE •se

P rice
F riday,
June 2 4 .

Week’s
R ange o r
Last Sale.

" i?

W e e k E n d in g J c n k 24.

Range
fr o m

Jan. 1.

Bid. Ask. Low. High. V o Low' High
B ’k lyn U G as l s t c o n g 5s. . ’ 40 M -N 115 gale 1 1 4 «
115
42 1 0 9 « 115
B r ’ k ’ n W A W H l s t g 5s. 1945 F - A
92
93
5
93
Sale
92
100«
Coal M in. See T C I 4 R
V ^ G L A C C o . See P G A C Co.
Ohio J o A St Yd col g 5s.. 1915 J - J
1 0 9 « F e b ’ 97
1 0 9 «1 0 9 «
C lea r! B it Coal. See N Y C A H
C ol C A 1 1st con g 6 s . . . 1900 F - A 100
.......... 99 M ay’ 98
95
100«
Col C A I D ev Co gu g 5s. .1 9 0 9 J - J
C ol F u el C o Ren gold 6s. 1919 M -N
104 J a n .’ 98
100 " 104
Col F A I C o gen s f g 5s. 1943 F - A * " " " "so" 80 M ay’ 98
80
84
C olu m bu s G as 1st g 5a.. 1932 J - J
C om C able C o 1st g 4 s ... S397 Q - J
1 0 1 « A p r .’ 98
101« 105«
R e g is te r e d .......................2397 Q-J
104 104
...................... 104 F e b .’ 98
C on G as Co. See P G A C C o.
e B a rd e l C A I . See T C A I .
el A H Can. See R R b o n d s
D e tr o it C ity G as g 5 s . . . . 1923 J - J
154
92«
93
93
Sale
89
94
D e t G a s C o c o n I s t g 5 s .. l 9 1 8 F - A
91
9 2 « 91 J ’n e ’ 98
90
103
D o t M AM id g r 8 « s 8 A. 191 1 A - O 116
117
16 « J ’n e ’ 98
•6 « 1 7 «
d E l 111 1st c o n v g 5s. 1910 M - S 110
1 1 2 « 111
" 2 108 1 1 2 «
111
1st c o n g 5s............... 1995 J - J 1 1 7 « . . . . : ! 1 1 7 « J ’n e ’ 98
1 1 4 « 119
B d E l 111 B’ klyn 1st g 5 s. 1940 A - O
1 1 3 « J ’a e ’ 97
R e g is t e r e d ................................ A - O
B r ie T A T c o l t r g i f 5s. ..1 9 2 6 J - J
»8 « '98«
’ ••••» •••••• 9 8 « M ar ’ 98
B q Gas L N Y 1st c o n g 5s. . ’ 32 m - s ;
B q G A Fu el. See P G A C Co.
en E lec C o d eb g 5s. .1922 J - D
103
.......... 1 0 3 «
104
5
96
104
r R iv Coal A C 1st g 6 s ..’ 19 A - O .......... 90
9 5 « J a n .’ 97
f lr R ap G L Co 1st g 5 s . 1915 F - A
L V a c k W reor 1st g 5s. .1 9 2 6 J - J
W Mlend B Co 1st s f g 6s. 1931 M - S ...................... i l l ” A u g ’ 97
i l l Steel Co d eb 5 s ............1910 J - J
N o n -co n v d eben 5 s . . . .1 9 1 3 A - O
70 A p r ’ 97
......................
I r o n Steam b o a t Co 6 s . . . 1901 J - J
J e ff & C lear C A 1 1st g 5s 1926 J - D
107 M a y’ 97
......................
2 d g 5 s ........................ .. .1 9 2 6 J - D
80 M a y’ 97
K C M o G as C o 1st g 5s. 1922 A - O
L a c G as-L C o o f S t L ls t g 5s’ 19 Q -F *
104«
105
15 l o o
105«
Sm all b o n d s ................
Q u-F
M ad Sq G arden l s t g 5s. 1919 M -N
102 J ’ly ’ 97
M et T A T 1st s f g 5 s ... 1918 M -N
R e g is t e r e d ...................... 1918 M -N
" !!!!
M ich P en Car C o 1st g 5 s .’ 42 M - S " 8 5 "
8 5 " J ’n e ’ 97
M u t U n T el C o. See W n U n
Nat Starch M fg C o 1st g 6s ’ 20 M -N 105
.......... 108 J ’n e ’ 98
105 108
N irp t N ew s 8 A D D 5 s . . 1990 J -JS
N Y A N J T el gen g 5 s o y . ’ 20 M -N
N Y A O n tL a n d I s t g 6 s .l 9 1 0 F - A •••••• ••••••
......................
N o W e s t n T e le g . See W est. Un.
P o o G as A C 1st g u g 6s. 1904 M -N '
111 N o v ’ 97
2 d gtd g 6 s .......................1904 J - D
102 M a r ’ 98
102 109
1st co n s o l g 6s................ 1943 A - O
116 J ’n e ’ 98 . . . . 116 120
R e fu n d in g g 5s...............1947 M - S ioe" " " "
R e g is te r e d .................. 1947 M - S
C h G -L A C k e l s t g u g 5s’ 87 J - J 108
......... 104 M a y’ 98
102" 106«
C o n G C o o f Ch 1stgu g 5s’ 36 J - D 1 0 3 « 1 0 7
101 A p r .’ 98
101
106
B q G A F Ch l s t g u g 6 s . '0 5 J - J
..........1 0 7 « 106 M ay’ 98
102 108
P eoria W at Co g 6 s . . 1889-19 M -N
F I Y a lle y Coal 1st a 6 s .. 1920 M - N
97” " " ! !

D

E

G

* N o p rice Friday; th ese are latest bid and asked this week.

R s ll roads.
N Y E l d eb 5s gu Man R y
N o P a ciflc M o Div 1st 6s
P ltts b A C on n ellsv Is
D o c o n 6s gu by B ,
St P E a st A G r T r 1 st
g u b y M ilw L 8 A W est,

Bid.
95
..........
105

Ask.

Miscellanemi*
G a lve sto n W h a r f— 1st 5s

1 Bid
140
99

Ask
145
100

pages)

BONDS.

W e e k E n d in g J u n e 2 4 .

Bid.

S. G O V . SE C U R IT IE S .
2s r e g iste r e d . . . .O ptional
4s r e g iste re d ............. 1907
4s c o u p o n ....................1907
4s re g iste r e d ............. 1925
4s c o u p o n ....................1925
5s r e g iste re d ............. 1904
5s c o u p o n ....................1904
6s c u r r e n c y ................1899
4s registered certs
in d e b t (C h erok ee) 1899

101
Sale
Sale

95 . . .
1 0 9 «1 1 0 «
111
112
124« 125«
1 2 4 « Saie
111« 112«
111« 112«
101« 102«

M ch

100

J -J

110

«,

J •105
J
90
J
90
F -A 115«
J -J
100
J -J
J -J
J -J
A -O
J -J
J
J
J -J
J -J

Low Highr113

Q -W
Q -J t
CJ-Jt
Q- F
Q- F
Q- F
Q- F
J -J

S T A T E S E C U R IT IE S .

A laba m a—Class A 4 t o 5 .1906
S ipall...........................................
Class B 5s........................ 1906
Class C 4 s . .. . ...................1906
C u rrency fu n d in g 4 s ...1 9 2 0
D ist o f C olu m bia—3-65s. 1924
L o u isian a—N ew c o n 4 s ..1914
S m all........................ .
M issouri—F u n d in g. ..189 4-9 5
N orth Car—C on sol 4 s . .. 1910
S m a l l . . . . , , , , , , ........................
6 s ................................... ...1 9 1 9
So Carolina,—4 « s 2 0 -4 0 .1 9 3 3
T e n n —N ew s e ttle m ’t 3s. 1 9 1 3
S m all...........................................
V irgin ia fu n d d e b t 2 -3 s .l9 9 1
R e g is t e r e d ................................
6s d e fe rre d b o n d s . , ; ...........

R ange
from
Jan. 1.

II

A sk Low. High, H o

P ro cte r A G am b 1st g 6s. . ’ 40 J - J
St L T e r Cupples S tation A
P rop Co l s t g 4 « s 5-20 y r’ 17 J - D
S Y u ba W a t Co c o n g 6 s . . ’ 28 J - J
Sp Val W a t W o rk s 1st 6 s .’ 06 M - S
Stan R o p e A T l s t g 6 s.. 1946 F - A
69
In co m e g 5 s .....................1946
16
Sun Ck Coal 1st g s f 6s.. 1912 J - D
T en n Coal T D iv 1st g 6s. 1917 A -O I
85
B irm D iv 1st c o n 6 s . .. 1917 J - J
83
Cah C M C o 1st g u g 6 s..'2 2 J - D
D e Bar C A I C o g u g 6 s .'1 0 F - A
U S L ea th Co s f d e b g 6 s . '1 3 M -N *114
Y t M arble 1st s f 5 s ........1910 J - D
W e st U n ion d e b 7s. .1 875-00 M -N
R e g iste re d ........... 1875-1900 M -N
D e b e n tu re 7 s . . . 1884-1900 M -N
R eg iste re d ........1884-1900 M -N
C ol tru st cu r 5 s ............ 1938 J - J 112
M ut Un T el s f ’ d 6 s . . . 1911 M -N
N orth w estern T el 7 s . . . . ’ 04 J - J
W e stn G as Co c o l tr g 5s...’ 38 M -N
W h L E A P C C o 1st g 5 s .’ 19 J - J
20
W h ite b r st F g e n s f 6 s .. 1908 J - D
U.
U S
U 8
U S
U S
U S
U S
U S
U S
U S
of

Week'.’t
R ange or ’S 1«
Last Sale. ûû

F riday,
June 2 4 .

■S'c
« i»

1229

P a s s 5.
P r ic e

N. Y. STOCK EXCHANGE

113

F e b ’ 97

63
18«

70
17

8 2 M ay’ 98
8 8 « J ’n e ’ 98

89

83 J a n .’ 98
114«
114«

83
83
1 1 1 « 116

1 0 5 « F e b .’ 98
105 M a r ’ 98

1 0 5 « 1 0 5 «.
105 1 0 5 «

111
111

J ’n e ’ 98
M a r ’ 98

105

111

111

101

M a r ’ 98

101

101

98
109«
111
124«
124«
110«
111«
102«

A p r .’ 98
109«
111
J ’n e ’ 98
124«
M ay’ 98
J ’n e ’ 98
A p r .’ 98

1 0 2 « 104

109
108
104«
100

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

I I S ” J ’n e ’ 98
100 M ay’ 98
1 0 0 « M a r ’ 98

86

111

1 0 8 « 109
108 108
100

100

I ß " 115 "
100 103
98
100«

106

i o T * J a n .’ 98

ibi" ib ï"

i ‘2‘5 '
103
91

1 2 8 " Feb."’ 98

1 3 8 " 12 8 *’

93

71«

92«
92«
88 J ’n e ’ 98
71«
71«

72

87
87
65

92«
88
7 1«,

" 5 .........6 «
6 J ’n e ’ 98
4«
i B o n d s d u e April.------ ¡ B unds d u e J a n u a ry

Trust receipts sta m p e d ....

t B on ds d u e J u ly.

20
30
G lu co se Bug R ef-C om .100 . 4 5 « 46
P r e fe r r e d ....................100 1 0 0 « 1 0 1 «
.........
G o o d y e a r S hoe M ach . .25
37« 33«
D o So P lttsb 1st 1902.
G orh am M fg C o-C om .100
90
rick sb A M eridian 1st 6
103
P r e f e r r e d ................... 100 11Ò
114
M i s c e l i a n 0 0 1 1 » . Par,
G reat Falls I c e ............. 100 110
125
98
101
H a r tfo r d Carpet C o . . 100
15
25
Heck-Joneis-J M ill-P f.1 0 0
85
37
13« 27«
1st 6s 1 9 2 2 ............. M A8
80
82
t 40
42
H e r’g-H a ll-M ar-C om . 100
1«
88
P r e fe r r e d ......... ..... .1 0 0
4
8
.........
9
H o b o k e n L a n d A Im p ’t . . 100
A m e r M alt’g Co—C om ee Stk E x l ’ t
5 s ......................................... 105
P r e fe r re d — Set Stock
x c h . li st.
In ternation al E le v a t.1 0 0
75
80
..........
Internation al N avig ..1 0 0
52«
100
11Ó
In tern ation al P a p e r .. 1 0 0
31
87
145
155
P r e fe r r e d ....................100
83
87
B o n d s 6 s ....................
103
A m Soda F o u n 4
7
Intern ation al P u lp ... 100
42
50
Iron Steam boat........... 100
415
20
6s 1 9 0 1 ...................... JAJ
55
60
A m e r Steel W ir e ............
3 8 « 3 9 « J o h n B Stetson—Com , 100
40
P r e f e r r e d .....................
8 9 « 91 «
P r e f e r r e d ...................100 100
iio
.......... 175
A m e r ic a n S u re ty ..........I
J o u m e a y A Burnham . 100
22
37
40
P r e fe r r e d ...................100
70
80
K n ick e rb o ck e r I c e . .. .1 0 0
90
86« 27«
B on d s 5 s ............................
95
105
104
L a w yers’ S u re ty ..........100 100
110
114
L a w yers’ T itle I n s .. . . 100 150
160
130
140
L orillard ( P ) —P r e f ... 100 110
113
135
160
M adison Sq G— S to ck .1 0 0
5
10
15
2d 6s 1 9 1 9 ............. M A N
25
40
25
M aine S S.......................... 50
45
11
15
M erch A M in e rs’ S S.. 50 120
P r e f e r r e d ...................10C
60
65
M ech’nical R u b -C o m .1 0 0
8
15
6s 194 2 .................... J A.)
97
100
P r e f e r r e d ................. 100
25
40
1. list.
M ergenthal er L in o t—See B o sto n list
M eriden B ritannia Co. .2 5
55
60
1st 6s.
111
M ich -P en Car—C om ..1 0 0
8
11
16
t 13
P r e fe r re d —See N Y S toc k E x c h.
85
100
1st 5s 1 9 4 2 ............. M AS
85
90
112
100
M in neapolis B rew 1st 7s
97
108
190
200
M osler S a f e C o ............100
105
R o s t A M on tan a 7s 1907
M o n on gah ela W a t e r ...25
85
Carter-Crum e—P r e f. .1 0 0
40
N at B iscu it.....................100
31
31«
C ellu loid C o....................100
65
70
P r e f e r r e d .,................ 100
9 1 « 92
C en t A m erica T r ’n sit.100
N ational Casket C o . . . 100
«
60
3
C en t F lrew ’rks—Com . 100
N ational Saw—P r e f .. 100
25
P r e f e r r e d ....................100
25
32
N ational S u r e ty ......... 100 200
202
C h ateaugay Ore A Ir 6s ’ 15
40
N ational W all P a per. 100
48
52
Chen A O G rain El—I n c . .
10
1 7 « N Y L o a n A I m p ..........100
50
4s...........................................
60
65
N Y B iscu it 6s 1911.M & S 1 1 4 « 1 1 5 «
C h esebrou gh M fg C o. 100 865
380
N ew J e r Z in c A Ir o n .. 100 100
CSaflin (H B ) - l s t pref. 100
90
94
N Y A ir B rak e—See N Y S took E x ch .
2 d p r e fe rr e d ............. 100
88
93
N ich olson F ile C o.........5 0
48«
C om m on—See N Y S tock E x ch .
N icaragu a C on stru ct. 100
10
12
80
C lark M ile E nd T h r ’ d .100
P eck, S tow A W i l c o x . . 25 t 18
C ollin s Co........................ 100 113
P e g a m o id (£1 s h a r e s ) ....
C om stock T u n — 1st I n c ...
4
P e n n sylva n ia Salt M fg. 50 102
»«
104
C on solid Car H eating. 100
81
36
Penn. Steel 5s 1 9 1 7 .M A N
C on sol F irew ’ k s-C om .100 t t ** vt 10
P en n. W a te r—C o m .. .. 5 0
10
12
P r e f e r r e d ......... . . ..1 0 0
27«
P h il A W il Steam boat. 50 132
140
C on K a n C S m elt A R e f .25
90
P n e u m a tic Gun Cur’ge.10
3
3«
C on sol R o llin g S tock . 100
17
20
P r a tt A W h itn —C om .. 100
4
8
C ram ps’ ah A B n B ldg. 100
74
77
P r e f e r r e d ........... ....1 0 0
45
50
D ia m on d M atch C o . .. 100 135
1 3 5 « P ro c te r A G a m b le .... 100 245
B n s le y L a n d ........................
20c.
P r e f e r r e d ................... 100 160
165
75
B p pen s Sm A W ie m .,1 0 0
R .I. P erkins H o rs e Sh.100
10
95
100
E astm an K od a k C o ... 100
P r e f e r r e d ................... 100
55
70
90
B rie A W e s te rn T ran s. 50
R u ssell A E rw in ............. 25
F id e lity A C a su alty.. . 100 250
S a fe ty Car H e a t A L t.1 0 0
m




PRICES (6

* B on d s d u e M ay.

M is c e lla n e o u s .
Bid
S chw arzchild A S ulzb.100
S em et-S olvay d eb 5 s ........ 101
Sim m ons H ’rd w -C o m .1 0 0 103
P r e fe r r e d ....................100 116
S inger M fg C o ............. 100 410
Standard O il..................100 4 3 9 «
Standard S p irits.................
30
P re fe rre d ,. ...................
92
Stand U nd’ rg’d C a b le .1 0 0 n o
SI oss I A S ls t 6 s 191 7.F A A
88
Sou th ern C otton O il .. .50
80
Stat Isl R T 1st 6 s’ 13 A AO 107
2d 5s 1 9 2 6 ................. JA J
60
8 tillw -B ierce A S m -V .100
70
S w ift A C o ........... ..........100
92
1st 6 s . . . . . ........................ 1106
Susq Coal 6s 1 9 1 1 ___ JA J 115
T erm W areh — S to ck .. 100
1st 6 s ................................
D eben tu re 6 s ....................
B an ks.
N. Y . C I T Y
A m e r ic a * . . . .
A m E x c h .. ..
A s t o r ............
A s to r P lace*
B o w e r y * .. . .
B ro a d w a y...
B u tc h ’ sADr.
C e n t r a l.......
C h a s e ....... ..
C h a th a m . . .
C h e m ic a l....
C itizen s’ . . . .
C i t y ..............
C linton*.......
C o lo n ia l* . . .
C o lu m b ia * ..
C o m m e r c e ..
C on tin en tal
C orn E xch *.
E ast R iv e r .
11th W ard *.

B id.

Ask.

A sk .
50
103
120
425
440
26
94
112
95
70
80
95
109
10
70
70

B a n k s.

M is c e lla n e o u s .
T e x a s A P a ciflc C oal. 100
1st 6s 19 0 8 ............. A A O
T itle G uar A T ru st. ..1 0 0
T re n to n P o tt—C o m .. 100
P r e f e r r e d ................... 100
T ro w D ire cto ry -N e w . 100
U nion S w itch A Signal.50
P r e f e r r e d ..................... 50
U nion T yp ew r—C o m .1 0 0
1st p r e fe rr e d ........... 100
2d p r e fe rr e d ............. 100
U 8 Glass—C o m m o n .. 100
P r e f e r r e d .................. 100
U S P ro je c tile C o ........100
W a gn er P a lace Car. ..1 0 0
W estin g h A ir B r a k e ...50
W illlm a n tic L inen Co. .2 5
W o o l E x c h ’g e o f N Y .1 0 0
W o r th ’t ’n P ’m p -C om .1 00
P r e fe r r e d ....................100
B id.

M ech A Tra* 115
M erca n tile .. 167
M erch an ts’ .. 144
M erch Exch, 116
220
M e tro p o lis* .. 400
300
312
Mt M orris*.. 100
220 235
M utual*........ 100
N assau*........ 145
160
N ew Am st.*., 250
260
N ew Y o r k . . . , 230
290
N ew Y ork Co. 800
4000 N Y N at E x 120
ISO
N in th .............
1000 1350 19th W ard*..
N orth A m er. 130
130
O rie n ta l* . . . . 140
150
P a ciflc*..........
200 206
P a rk ...............
130
P e o p le s’* . . . .
280
P h e n ix ..........
180
Plaza*............ 185
220
P rod E x c h * .. 110
F if t h ............ 225
R e p u b lic . . . . 150
F ifth A v e * ..
R iv e r s id e * ... 175
F i r s t .. . . . . . . .
S e a b o a r d .... 175
F irst (S t Isl)
S econ d .......... 450
F o u r t h ..........
186
S even th ......... 110
14th Street*.
160
S hoe A L e ’th 92
F ra n k lin .......
S i x t h .............
G a lla t in . . . . . 300
S ta n d a r d . . . .
G an sevoort*.
State* . . . . . . .
G arfield......... 850
State o f N Y * 101
G erm an A m * 112
T ra d esm en ’s
G erm an E x *. 260
12th W a r d * .
G erm an ia*... 360
23d W a r d * ...'
G reen w ich *.. 160
U nion.........
H a m ilto n * ... 105
U nion S q * ....
H a n o v e r........ 390
W e s te rn ........ 150
H id e A L ’ath 85
95
W e s t S id e * .. 275
H o m e *...........
155
Y o r k v ille * .. 175
H u d so n R iv* 145
Im p A T ra d .
BR’KLYN.
Irv in g ........... 1 4 7 «
B e d fo rd * . . . . 215
L e a th e r M fr . 170
B ro a d w a y * .. 190
L i b e r t y ......... i 130
B r o o k ly n * . .. 140
L in c o ln .......... 750
8th W a r d * ...
M a n h a tta n * .
230
5th A v e * .. .. 104
M arket A Ful
235
F ir s t............... 380
M e ch an ics’ . .
185
F u lto n * .......... 180

A sk.

125

80

iïo*
185
380
92
118
160

105
235'

200
150
95
107
395

I20O

* Banks m arked w ith an asterisk (*) a r e State
« P u rch a se r a lso pays a c c r u e d Interest.

48

A sk.
52

275

2 8 2 «,

102
32
32
. 67

110
6

68
115

8

91
84
35«
70

95
87
36
90
100
1 6 2 « 1 6 3 «,
490
520
80
90
B id.

G er A m e r * ..
H a m ilto n * ...
K ings C o * ....
M o n u fa ct’r s .
M e ch a n ics *..
M ech A Tra*.
Nassau . . . . . .
N at C ity .......
N orth S ide*..
P e o p le ’ s* . . . .
S cherni’r h ’n*
17th W ard*.
Sprague ........
26th W ard*..
U nion*...........
W a lla b o u t* ..

37
87

90
105

110
33
92
A sk .

100

ibï’

250

220
245
260
335
175
190
140
100

255
276
340
186
196
150
105

135

146

200

100

103

T ru st C oe.
N. Y . C IT Y .
A tla n tic T r . . 180
Central T r ’st. 1310
C o lo n ia l....... . 1 9 2 «
C on tinental 185
C on solid at’ d,
Farm L n A T r 850
F ifth A v e T r 330
G uaranty T r 415
K n ick ’rb ’ c k ’r 225
M a n h a tta n . 160
M ercantile .. 400
M etrop olitan 300
N Y L I A T r 1150
N Y Sec A T r 350
P ro d u ce E x .
204
Real E s t T r ’t 200
State T r u s t.. 200
210
L n ion Trust. 1000
U S M tg A Tr. 260
280*
Unit. States.. 1150
W a sh in g ton . 220
BR ’ KLYN.
B ro o k lyn Tr. 390
405
a
F ra n k lin ....... 225
236 > ^
H a m ilt o n .. . .
236
K ings Co....... 280
L Isl L A T r. 220
2*26'*
M a n u fa ct’rs. 235
245
N a s s a u .......... 157
159
P e o p le ’ s . . .. , 245
260
t P ric e p e r s h a s e

1230

T H E

[V o l . L XV I.

C H K O N 1 C L E ,

j

Boston, Philadelphia and Baltimore Stock Exchanges—A Daily and Yearly Record
S ' ’ Share P r ice s—Not P er C en tu m P r ice s .
Saturday,
June 18.

Monday,
June 2 0 .

78« ♦
•itti
23«
23« 2 8 «

¿23 223
64
04
•220 222
*101«
1 0 3 « 104
113 113
116 118

72«
23«

*

225
03« 03«
*220
225
102
102«
1 0 3 «1 0 4 «
112
118«
*
110
98« 98«
98« 99«
21« 2 1 «
21« 21«
37«
37
37«
*87
4 7 « 48
1 0 0 «1 0 0 « 1 0 0 «1 0 0 «
* 3 4 « 35
35
*
85
86
68« 58«
24
*23
2 3 « *23
*4«
5
5
5

28
68
*80
67«
*84«
9«
82«
*11«
*28 «
58«

28«
08«
32
57«

84«

> 9-10
22«
11«
23«
58«
17« 17«
83
83«

271

27« 28«
6 7 « 08
•180
29« 29«
57« 57«
84« 84«
) 9-10
9«
* 2 2 « 23
*11« 11«
23
23
58« 58«
17« 17«
83« 88«

Wednesday Thursday,
June 2 2 . June 2 3 .

Tuesday,
June 2 1 .

*70
7 2 « *71« 7 2 «
*23« 23«
23« 23«
23« 23«
♦221 223
223
223
* 6 4 « 65
* 0 4 « 65
*218 220
*218
1 0 2 « 1 0 2 « *160
1 0 3 « 1 0 4 « 104
104«
1 1 3 « 113
113
114
*
116
115
110
98« 99«
98« 99«
20« 21«
21« 21«
37
37
3 6 « 37
48
48
48
48«
* 1 0 0 « 102
* 1 0 0 « 102
3 4 « 35
*34
30
8 4 « 85)4 *85
80
00
60
22« 22«
22
22
5
5
*4«
*4«
*82
*82
84
83
28« 28«
27« 28«
08
08«
68« 08«
188
188 *L88
190
30«
2 9 « 2 9 « *29
57« 57«
57« 57«
84« 84«
84« 84«
*9«
9«
9«
9«
22« 22«
*22« 22«
* 1 1 « 1 1 « 11 7-10 1 1 «
*23
23«
* 2 2 « 23
59
59
58« 59«
17« 17«
17« 17«
83«
83
83« 83«
274«
132«
113«
205«
24
560
02«
22«

*
23«

72«
23«

223
223
05
65
220 220
*218 220
♦102
1 8 2 « 102
1 0 4 « 1 0 5 « 105
105«
114
1 1 3 « 114
116
*
*114 115
110
9 9 « 99«
99« 99«
20
20
20
20«
3 6 « 37
30« 30«
49
49
48« 48«
1 0 0 « 1 0 0 « 101 101
*34« 3 5 «
85«
*85
*85
86
* ___ T, 61
• 5 9 « 00
22
22
22
22
4«
*4«
5
4«
82« 82«
*82
2 9 « 50
28« 29«
08« 09«
09« 70«
190
♦190
190
29
29
♦29
30
57« 57«
57« 57«
84« 84«
84« 84«
9 7-10
9«
9«
9«
22
22
*29« 22«
1 1 « 1 1 « * 11 « 1 1 «
23« 23«
23« 23«
«0«
59« 00«
00
17« 17«
17« 17«
84
84
83« 83«

20«
08«
55
22
*
39
5«
6«
182
180
25
25«
17« 18«
110
110«
13« 14«
53« 54«
*1
1«
24
♦23
*54
55
n o sale was

274
274
273
274
128« 131« 128« 131«
1 1 1 « 1 1 1 « 1 1 1 « 112
201
203
2 0 1 « 202
23« 24«
2 3 « 24
560
565
*560
570
*62« 0 2 «
6 2 « 64
22« 22«
2 2 « 23
23
23
20
20
08
08
08
08
*54
57
56« 56«
*21
22
*21
22
*
38« ¥
39
6
0
0
6«
131
132
*131
2 4 « 25
2 4 « 25
1 7 « 18
17« 17«
109« 109« 1 0 9 «1 1 0 «
14« 14«
14« 14«
53« 54«
5 3 « 51
*1
*1
1«
1«
24
* 2 3 « 24
*23
54« 54«
55
55
m ade. t Tr. r e ce ip ts : all

N A C T IV E S T O C K S

Bid. Ask.

S T O C K S -B O N D S

♦

68
*54
♦21
0

08td
50
22

39%

6«
132
2 4 « 25
10« 1 6 «
110 « 110«
14« 14«
54
54«
•1
1«
24
*23
*54
55
* B id and

*180

274
130«
113
200
23«
555
62«
22«
26«
08
55
*21

R A I L R O A D S .—Prices June
A t T o p & S F e .. (B o s t) 100
13«
A tl A C h arlotte (B a lt) 100 107
15
B a lt A O h i o . . ..
“
100
B o i A M aine p f.(B o s t )1 0 0
B o s to n A Prov. “
1 0 0 272
C a ta w lssh .........(P h il) 50
52«
1 st p r e f ....... “
50
8
C en tral M a ss... (B o s t) 100
53
P r e f..................
100
24
C en tral O h io . . . (B a lt) 50
11
C h ic A W M ich. (B o s t) 100
Olt’ s S t o f IndsT (P h il) 100
C ity A S u b u rb .. (B a lt) 50
C on n A P a ss u m (B os t) 100 150
C on n R l r e r . . . .
“ . 100 250
11
F lin t A Pere M . “
100
35
100
P r e f . . . . ............ “
G ’rm a n t’n P a ss (P h ll) 50 135
40
H e s to n v M A T
“
50
08
P r e f . . . . .......... “
50
13
H u n t A B roa d T “
50
40
“
50
P r e f . . . . . ..........
K O F t S A M . . (B o s t) 100
11
50
P r e f .................... “ 100
»4«
L ittle S ch u ylk. (P h il) 50
M ain e C e n tr a l.(B o s t) 100 127
M etrop ol S t ! .. . (P h il) 100 180
M in ehlll A S H .
“
50
N esqu eh on ’g Y . “
50
N ew E n g la n d ..(B o s t ) 100
35
95
P r e f .................... “ 100
95
N orth P e n n .. .. ( P h i l ) 50
N o A W B ra n ch “
50
P e n n A N W ...
“
50
P h il A B rie........ “
50
P h il G erm A N . “
50 130
U n ited N J ........ “
100 2 5 3 «
U n ited T r o f P .
“
50
P r e f .................... “
50
W e s t E n d p r e f.(B o s t ) 50 102
W e s t J e r A S S .( P h i l ) 50
W estN Y A P a .
“
50
3«
2
Wlscon C e n tra l(B o s t)1 0 0
3
P r e f .................... “ 1 0 0
W o r N ash A R . “
100 120
■ M IS C E L L A N E O U S .
A llou ez M in ing (B o s t) 25
4«
3
Am R y E lL t .!.(P h il). .. .
A n a con d a M in . (B o s t) 25
A n n iston L a n d. “
100
A rn o ld M in in g . “
25
15
A s h B e d M i n 'g . “
25
8«
A tla n tic M in ’g . “
25
30
20
B a ltic M in in g .. “
25
B a lt W a r e h o ’s e (B a lt) 20
B a y State G a s !. (B oa t) 50
B erg A E n g B r’ w (P h U ) 100
00
80
P r e f..........
“
100
B oston E lec L t.(B o s t)1 0 0
B oston L a u d ...
“
10
4«
B oy lston St L ’ d ‘ ft
15
Cam bria I r o n . . (P h il) 50
42«
71
Canton C o..........(B a lt) 100
14«
C en ten M in ing. (B o s t) 25
Cen tral T r a n s .. ( P h il) 8 8 ' 20
D om ln Coal p f . (B o s t) 100 100
E d is o n E l 111... “
100 100
1
F t W a y n e E le c t “
25
Franklin M in’ g. “
25
13
F ren ch B a y L d . “
5
87«
G en eral E l e c t .. “
100
92
P re f.
* .« 1 0 0




24.
13«
15«
275
52«

10

50

200
12
37

m

«

«

«

15«

3«

30«

21

180

4«

3
43

14«
108
170

2
13«

«

37«

1J I n d ic a t e s u n lis te d .

*71« 7 2 «
23« 23«
*23*4 2 3 «
223
223
• 0 5 « 00

«

«

«
«

S a le s
o f th e
W eek .
S h a res

STOCKS.

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

271«
270
130« 182«
113
113
1 9 5 «1 9 8 «
*2« 23«
550
555
0 2 « 03
28« 23«
23« 28«
26” 26”
08«
68
*54
50
21«
21«
38« 38«
5«
0 ”
*131
24« 24«
10« 17«
1 1 0 «1 1 0 «
x l4
14«
54 ■ 5 4 «
1
1
23
23
*54
55
asked prices;

271
180« 131«
*1 1 8
118«
195 1 9 0 «
22« 2 2 «
550 550
8 2 « 08
24
23
24
24«

A C T IV E

Friday,
June 2 4 .

«

B a ltim ore C ity P a s s e n g e r ... (B a lt.) ..
B a ltim o re C on solid a ted .......
B a ltim ore C o n s o lid a t e d !... ( P h i l a .) . .
B o s to n A A lb a n y ................... ( B o s t o n ) ..
B o s to n E le v a te d .....................
“
..
B o s to n A L o w e ll.....................
U
B o s to n A M ain e......................
“
..
Chic. Burl. A Q u in cy .............
Chic. June. A U n. Stock Y d s.
“
P r e f e r r e d .............................. •
Chic. M ilw au kee & St. P a u l. (P h ila .' ..
C h octaw O klahom a A G u lf.
P r e fe r re d ...............................
“
.,
C on sol. T ra ctio n o f N. J . ! . ■
F itch bu rg, p r e f ...................... ( B o s t o n ) ..
Ga. S ou th ern A F lo rid a ....... (B a lt.) ..
1st p re fe rre d ........................
“
>,
2d p r e fe rr e d ........................
L e h ig h V a lle y ........................ ( P h i l a .) ..
M e x ica n Cen tral..................... ( B o s t o n ) ..
N o rth e rn C e n tra l................... (B a lt.) ..
N orth ern P a c i f ic ................... (P h ila .) ..
P re fe rre d ................................
O ld C o lo n y................................ (B o s t o n ) ..
..
O regon S h ort L in e .. . .'.......... •
P e n n s y lv a n ia ........................... . ( P h ila .)..
P h ila d elp h ia T r a c t io n .. . . . . •
“
R ea d in g C o m p a n y................. •
“
1st p re fe rre d ........................
“
.*
2 d p r e fe rr e d ........................ •
U n ion P a c ific ............... ........... ( B o s t o n ) ..
P r e f e r r e d ........... .................
U n ion T r a c t io n ...................... . ( P h ila .) ..
W e s t E n d S t r e e t .................. .(B o s t o n )..

#

M i s c e lla n e o u s S t o c k s .

. 25
. 25
. 25
.1 0 0
.1 0 0
.100
.1 0 0
.100
.100
.1 0 0
.100
. 50
, 50
.1 0 0
.100
.100
.100
.1 0 0
. 50
.100
. 50
.100
.100
.100
.100
. 50
. 50
. 50
. 50
. 50
.100
.100
. 50
. 50

840
50
32
871
18
82
16,207
1,181
34
3,400
8,555
2,603
770

7
125
170
125
429
200
450
11,775
4,000
32
195
1,123
084
2,795
120
428
1,225
5,018
17,930
170

A m e rica n B ell T e le p h o n e ... (B o t-to n ).. .1 0 0
242
273 274
“
.1 0 0 40,152
1 2 9 « 1 3 0 « A m e rica n Sugar R efin in g ! . .
.100
“
P r e f e r r e d ! ............................ •
250
112 112
. 25
“
9,382
202 203 B ostdfi A M o n t a n a ... ........... •
“
•. . 25
B u tte A B o s to n * ..................... •
7,586
2 4 « 25
“
. • . 25
C alum et A H e c l a ................... •
110
505
565
C on solid ated G a s................... . (B a lt.) .. .100
1,307
0 3 « 05
3,301
* 22« 23 D om in ion C o a l . . . . . . . . . . . . . (B o s t o n ) .. .100
60
*22 « 2S « E le ctric Storage B a tte ry ! . . ( P h ila .) .. ..1 0 0
‘‘
. . .1 0 0
P r e f e r r e d ! ............................ •
117
*25
27
356
08 E rie T e le p h o n e ......... ............ (B o s t o n ) .. .1 0 0
08
..1 0 0
“
Illin ois Steel.................. .......... •
290
*50
57
. 50
10
*21
2 1 L a m so n S tore S e r v ic e ..........
22
3 8 « 3 8 « L e h igh Coal A N a v ig a tio n .. . ( P h i l a .) .. .. 50
“
. . ..1 0 0 14,234
0 M arsden C om pany ! .............. •
0
.1 0 0
N ew E n gla n d T e le p h o n e ...
22
131
131
.. 25
O ld D o m in io n C op per ! . . . .
0,157
2 4 « 25
1 7 « 18) P a . M fg . (L ight A P o w e r ! . . ( P h ila .) .. .. 50 51,248
. . 50
5,626
1 0 9 « 110 U n ited G as I m p r o v e m e n t !
U nited' States O il. . . . . . . . . . . ( B o s t o n ) .. .. 25
1,790
14«
5
W e lsb a ch L ig h t ! ........... .... . ( P h i l a .) .. ..
6,010
54
W e s t E n d L a n d ...................... ( B o s t o n ) .. . . 25
160
1
W e stin g h . E le ctric A M fg .
. . 50
23«
55
.1 5(1
. P r e fe r r e d ...............................
55
55
105
in stai. paid- •t Tr. re cts. ! Ex rights. § J u n e 17, h o lid a y |in B ost.

««

«

«
«

«

Bid. Ask.

M IS C E L L .—C on cluded .
In tB u tH A S M
“
10
3«
2
M arsden p r e f ! (P h il) 100
175
M e rg e n th a le r.. (B o s t) 100 172
50
00
M orris C a n a l...(P h il) 100
100
P r e f ................. “
O sceola M in ln g (B o s t) 25
50« 50«
23
P a rro tt SilACop “
10
P o n n sy l S a lt ... (P h il) 50 103
17
P e n n syl S t e e l!.
“
100
27
P r e f!.........
“
100
P h ll’delp h ia C o (B o s t) 50
31
32
193«
P u llm a n ’ s P a l . .
100 193
115
Q u in cy M in in g .
25 114
10
10«
R e e c e B u tto n h .
. 10
Santa Y sa b e l G “
5
4
4«
101
T a m a ra ck M in . “
25 100
U n ited E l S e c .. “
50
P r e f . . . . ' . ........ H 100
1
W a te r P o w e r .. *!
100
«
25
W e lsb a ch C o m !(P h ll)1 0 0
23
77
P r e f ! .............
“
100
70
W e s tm ’ rel C o a l(P h il) 50
49
22« 22«
W o lv e rin e M in. (B o s t) 25
W o lla s to n L ’ d . “
5
1«

«

B o n d s —B o s t o n .
A m B eil T e l 7s. 1898 F A A
A T A S F g e n g 4 s .’ 95 A AO
A d ju s tm e n t g 4 s .. 1995
B A M 3 d is 7s.’ 02-07 M AN
B o s to n T e r m ’l 8 « s . . 1947
B o s U n G as 1 st 5 s .’ 39 JA J
2d M 5 s ...........1 9 3 9 JA J
B u r A M o R iv e x ’ p t 0s. JA J
N o n -e x e m p t 0 s .*18 JA J
P la in 4 s . . . . . . . l 9 1 0 JA J
Ch B u rA N 1st 5s.’ 28 A A O
2d M 0 s ..........1918 JA D
Ch B u r A Q 4s. 1922 F A A
Io w a Divi 4s. 1919 A A O
C h icago Ju n o 5s. 1915 J AJ
Ch A N o M gu 5 s .’ 31 M AN
Chi A W M ge n 5s.’ 21 JA D
Con. o f V e r m ’ t 5 s.’ 13 JA J
Curr’ t R iv 1st 5s.’ 27 A A O
D G R A W 1st 4s.’ 40 AAO
D om in Coal ls t 0 s .’ 13M AS
E a st’ n 1st M 0s g .’ OO M AS
F r E lkA M V 1st 8 s ’ 33 end
U nst’ p’ d 1st 0s.’ 33 A A O
Illtn Steel c o n v Ss.’ lO JA J
D ebenture 5s. 1913 AA O
K C CA S 1st 5s g .’ 25 A A O
K C F t SAG ls i-7 s .’ 08 JA D
K C F S A M con 8s.’ 28M A N
K C M A B 1st 4 s..’ 34 M AS
In c o m e 5s
K CA M R y A B 5s.’ 29 A A O
K C St J o A C B 7s.’ 07 JAJ
L a m s’n St’ re S 8 <.’ 09 MAS
L R o c k A F S l s t 7 s . ’ 05 JA J
L E A S t L 1st 0s g .’ 20 A A O
2d M 5 -0 g ....l9 3 0 A A O
M ar H A O nt 0 s...’ 25 A A O
M e x Cen tral Ss.1917 A A O
4s g ........... ... .1 9 1 1 JA J
1st c o n Inc 3s g n on-cum
2d c o n in o 3s non-cum .
N ew E n g T e le 8s.’ 99 A A O
0 s ....................1 9 0 7 AA O
N Y AN E n g 1 st 7s.’ 05 JA J
1st m o rt 0s.. ..1 9 0 5 JA J

*100
8 92«

4 86 «

07

*109
* 92
* 77

111
93
78

*
* 95
*107
*103
* 98
* 98
JU 2«

109

$110

j " 89
* 89
a 72
I 81

101
113
00

81«

4 ......... 119
4135
J135
4 87
88
87
4 80
4 70
?113
i ........ 1 0 3 «
4 78
34
4 32
......
4101
4H 9«
4 .........
4100
104
100
* 95
* 80
85
4110
4 ..........
4 62
03
14
12«
4
5«
8100
? ....
8117«
811 2

BONDS
B o s t o n —C on clu ded .
O gd A L C c o n 0 s .’ 2O A A O
In co m e 0s................ 1920
R u tla n d 1st 8 s . . ’ 02 M AN
2d 5 s ... . . . . . . 1 8 9 8 F A A
W e s t E n d St 5s. .’ 02 M AN
4 « s ................. 1914 M AS
G o ld 4 s ..........1918 M AN
4 s ........... . . . . . 1 9 1 7 F A A
B o n d s —B a l t i m o r e .
A t l A Ch 1st 78.1907 JA J
A t lG -L ig h tls t5 s l9 1 7 J A D
B a lt B e lt 1st 5 s .l9 9 0 M A N
B a ltC P a s ls t 5S.1911M AN
B a lt F u ndg 5s. 191 8 M A N
E x ch a n g e 3 « s . 1930JA J
B a ltA O h io 4s g. 1935 A A O
P ittsA C on 5 g .l9 2 5 F A A
S tat Isl 2d 5 g.1 9 2 0 JA J
R e ce iv e rs c e r tif 0s. J A D
D o M aryland C on str 5s.
D o P itts b A C on 5s.JAJ
D o M ain L in e 5 s.............
B A O S W l s t l « g .1 9 9 0 JAJ
B a ltA P lstO s m l 1911 A A O
1st 8 s tunnel 1 91 1..JA J
Bal T r a c 1st 5S.1929M AN
E x t A Im p 0 s. 19O1MAS
N o B a ltD iv 5 S.1942JA D
C o n v ’rtible 5 s 19O0MAN
C a p e F A Y s r A 6 g .l9 l0 J A D
1st 8 s ser B ..1 9 1 0 tr re c
1st 0s ser C ..1918 t r rec
C en t O h io 4 « s g . ’ 30 M AS
Central R y 8 s ... 1912 JAJ
C on sol 5 s . . . . 1932 M AN
E x t A Im p 5 s. 1932M AS
CharlCA A extS s. 1910 J AJ
Chesap Gas 0 s . . 1900 JA D
C ityA S ub l s t 5 s . l 9 2 2 j A D
C o lA G rn v ls t5 -0 .1 9 1 7 J A J
C on sol Gas 0 s .. 1910 JA D
5s...................... 1930 J A D
G a A A ia ls t p f5 s l9 4 5 A A O
GaCar A N ls t5 s g. 1929J A J
G e o rg ia P ls t5 -0 s 1922JA J
G aS oA F la 1st 5s. 1945JAJ
L a k e R E l ls tg u 5 s ’ 42M A S
M acA N 1st 4 « s .l9 9 0 M A S
M etSt( W ash ) 1st 5s’ 2 5 F A
N ew Orl Gas 1st 5 s ...V a r
N orth C en t 4 « s .l 9 2 5 A A O
0s 1 9 0 0 ............ . . . . . A A O
0s g o ld 1900 . . . . . . . J A J
8 s 1 9 0 4 .. . ..................JA J
Series A 5s 1 9 2 0 ....JA J
Series B 5s 1 9 2 8 ....J A J
O b io A M lst7 S D 1 9 0 5 M A N
P ittsA C on 1 st 7s 1 898JA J
P it t Uu T ra c 5 s .l9 9 7 JAJ
P o to m V a l 1st 5s. 1941J A J
S e c A v T n (P it ts )5 s ’ 34J A D
Seab A R oa n 5S.1920 J A '
V ir g M id 1st 08.1900 M AS
2d series 8 s .. 1911 M AS
,3d series 0 s .. 1910 M AS
4 th ser 3 -4 -5 s .l9 ? lM A S
5th series 58.1920 MAS
V a (S tate) 3s n e w .’ S2JAJ
F u n d debt2-3s. 1991 JA J
V a A T e n u 2d 5 s.l90 O JA J
8 s ... . . . . . . . . . . . 1 9 0 0 J A J

Bid. Ask.

8105
I 99«
8104
8107

8.

8103
119

100

«

Ï 22

Ï2 3 "

i 'l 2 ’

iïs* *

71

72«

100
100
100

«

103

100

103
115

«
70

102
05
45
45

50
50

110
113
1109
103«
114
114«
117« 118«
119
119«
109«
122
105« 105«
118
100
110

......

107
113«
104
103

105«
103«

109
lió
103« 108«
110
114
96
104«
71«

Lowest.

Highest*

00 Jan . 4
2 1 « A p r. 20
2 1 « M ar. 12
1 1 7 « M ar. 29
5 2 « M ar. 20
¡15 A p r. 2
100
M ar. 12
8 5 « M ar. 20
102 M ar. 14
105 M ar. 12
8 3 « A p r. 21
9 F eb . 25
2 7 « Jan . 4
37 Jan . 3
98 M ar. 28
2 7 « M ay 9
84 M ay 25
55 M ay 3
20 M ar. 12
4 « A p r. 0
7 0 « Jan . 14
19
Feb. 24
5 7 « M ar. 20
1 8 5 « M ar. 10
18 Jan. 4
5 5 « M ar. 12
77 M ar. 25
7 13-10 M ar25
1 8 « M ar. 20
9 « Mar. 25
1 0 « M ar. 25
47 M ar. 25
1 2 « Jan . 3
78 M ar. 25

7 5 « F eb . 11
2 4 « F eb . 14
2 4 « F eb . 23
227 J u n e 9
08 J u n e 8
225 Jan . 22
1 7 1 « Jan . 7
1 0 7 « J u n e 11
1 2 1 « E eb. 7
120 M ay 11
102 J u n e 11
2 2 « J u n e 17
38 J u n e 10
49 J ’n e 24
101 J u n e 24
3 5 « June 7
85!* J u n e 3
0 1 « June 4
2 0 « Jan . 3
0 « Jan. 13
8 2 « J u n e 24
81 J u n e 8
7 0 « Ju n e 24
193 Jan . 31
3 3 « F eb . 17
0 0 « F eb . 7
8 5 « F eb . 1 8 .
1 1 « Jan.
flr
27 1-10 F eb . 3
14 9-10 F eb . 5
2 5 « June 3
0 3 « June 0
1 7 « June 9
85 Jan .
3

238
107«
103
149«
18«
489
52«
14
18«
21
59«
44«
20
38«
5
120
21«
0
97«
10«
33«
1
20«
50

277 Ju n e
1 4 5 « June
110 Jan.
212 J u n e
2 8 « F eb .
575 Ju n e
05 Ju n e
2 4 « June
2 9 « Jan.
32 Jan.
7 2 « Jan.
00 J u n e
2 3 « June
4 3 « Jan .
11 Jan .
134 F eb .
8 2 « M ar.
1 8 « June
1 1 4 « M ay
15 M ar.
5 0 « Ju n e
1 « Jan .
2 5 « Jan .
55 Jan .

Mar.
Mar.
M ar.
Jan.
M ar.
Jan.
Jan.
Mar.
M ar.
Mar.
M ar.
Mur.
Mar.
M ay
M ay
M ar.
Jan.
A p r.
F eb .
F eb .
F eb .
Jan.
A p r.
A p r.

BONDS
B a l t i m o r e —C o n clu ’d.
W e s t N C co n 08.1914 JA J
W e s tV a C A P ls tO g .’ l l J A J
W tlC o lA A u g 0S.191O JA D
W il A W e ld 5s.. 1935 JAJ

* 93

100 ’

Bange o f Sales in 1898.

B o n d s — P h ila d e lp h ia
A tl C ity 1st 5 s g ..’ 19 M A N
B uffalo R y co n 1st 5s. .’ 31
C ataw issa M 7S.1900 F A A
C hesA D C a n ls t5 s .’ 10 JA J
C h o c O kla A G p rio r lien 0s
G eneral 5s. ...1 9 1 9 JA J
C it’s’ St R y (I n d )c o n 5 s.’ 33
C olum St R y 1st c o n 5s.’ 32
C olum O C rosst 1st 5 s..’ 33
C on T ra c o f N J 1st 5 s..’ 33
D el A B B k 1st 7 s .’ 05 F A A
E a s tA A 1st M 5s.’ 20 M AN
E d iso n E le c 5s stk t r c tfs .
E le cA P e o p ’s T r stk tr c t fs
E lm A W ilm 1st 0s.’ lO JA J
In c o m e 5 s . .. . 280 2 A A O
E q 111 G as-L 1st g 5s. 1928
H e s to n v M A F c o n 5s. ’ 24
HA B T o p c o n 5s.’ 25 A A O
I n te rn a l N av 0 s .......1900
K C Sub B 1st 8s..’ 20 JA D
K C P A G 1st 5s..’ 28 A A O
L e h ig h N av 4 « s . .’ 14 Q -J
R R 4 s g ...........1914 Q -F
C on sol 7s........1911 JA D
G en M 4 « s g . .1 9 2 4 Q -F
L e h V C’ l 1st 5s g .’ S3 JA J
L e h Y a l 1st 8 s . . 1898 J A D
2 d 7 s . . . . . . . . .1 9 1 0 M AS
C on sol 0s........1923 JA D
A n n u ity 0 s ............ JA D
N ew ark Pass c o n 5s. 1980
N Y P h A N o r ls t 8 s .’ 23 JA J
N o P e n n 1st 4 s..’ 88 M AN
G en M 7 s ..........1903 JA J
P e n n ge n 8 s r . . . 1910 Y a r
C on sol 8 s 0 . . . . 1905 V a r
C on sol 5s r . . . . l 9 1 9 V a r
C ollat T r 4 « s g .’ 13 JA D
P a A N Y Can 7s..’ 08 J A D
C ons 5 s ......... 1939 A A O
C ons 4 s ......... 1939 A A O
P e n n Steel ls t 5 s .’ 17 M AN
P e o p le ’ s T r tr certs 4 s.’ 43
P e rk io m 1st ser5s.’ 18 Q -J
P h ila E le c g o ld tru s t c t fs
P h A E r ge n M 5 g.’ 20 A A O
G en M 4s g . .1 9 2 0 A A O
P h A R ead 2d 5 s.’ 33 A A O
C on sol M 7 s . .1 9 1 1 JA I
C on M 0s g . . . 1911 JA D
E x t Im p M 4s g .’ 47 AAO
C on M o f ’ 82 I s .’ 37 JAJ
10-yr s f 5s g.1 9 0 2 F A A
T erm in al 5s g .1 9 4 1 Q -F
P W il A B a lt 4 s. 1917 A A O
C ollat tru st 4S.1921 JA J
P itts C A S tL 7S.1900 F A A
R ead Co ge n 4s, 1997 JA J
R o c h e s te r R y c o n 5s. 1930
S c h R E S ld e ls t5 s g ’ 35JA D
U n io n T e r m ’l 1st 5 s.JTAA
U nited N J 4 s . . 1944 MAS
U n T racP itts g e n 5 s’ 97JAJ
I A n d a c c r u e d in terest.
♦Price in clu d e s o v e rd u e

2
8
8
3

«

«

2
2
24
8

10
10
5
1
8
7

11
7

2
21
19
1
24
3
8

11

Bid. Ask.
118

«

110

114«

105«

107
50

107«
99
78«

100

«

100
103« 164

100

108
109
85«

105«
108
114

85«

«

106
105

94«

68
109
107

«

09«

97
109«
181
131

«

119«

«

112

112
117«
127«

102« 102«
103
95

12Ó
131

95«

131«

102
i 18
107

120

86

80«

104

104«

102« 103
I unit sted.
coupo ns.

J une 25, löi>8.j

THE CHRONICLE.
|m res im e n i
AKD

B oads .

m
Latest Gross Earnings.

WeekorMo

1898.

1897.

i

Jan. 1 to Latest Date,
1898.

$

1897.

Iron Bail w a y... May.
4,605,
3,022
21,698
15,580
Jack. T. A K. W April
31,033
12b,977
28,228
115,760
Kan aw’a& Mich 2dwk June
10,255
8 505
244,110
216,290
K.C.F. Scott AM. 2dwkJune
74,614
69, «96 2,160,229 2,009,925
K.O.Mem.A Bir. 2d wk June
21,835
19,275
699,732
533,066
Kan. C. N. W.... May..........
30,479
24,241
145,792
RAILROAD EARNINGS.
133,829
Kan. City A Om. 2dwkJune
2,874
3,355
115.648
111,851
The following table shows the gross earnings o f every K. C. Pitts. A G. 3dwk June
53,174
33,962 1,477,417
836,955
8,453
STEAM railroad from which regular weekly or monthly returns Kan. C.Sub. Belt 3dwkJune
10.« 62
214,131
194,384
4th wk May
11,436
12,906
228,876
211,629
can be obtained. The first two columns of figures give the KeokukAWestc
L. Erie A West 2d wk June
58,887
66,114 1,514,908 1,476,459
gross earnings for the latest week or month, and the last two Lehigh A Hud.. May..........
30,890
30,161
144,856
133,834
columns the earnings for the period from January 1 to and Lehigh Val. RR. April........ 1,366.27- 1,376,468 5,537,715 5,326,140
Leh. v. Coal Co. April.......
801,109 748,13
4,275,905 4,237,734
including such latest week or month.
Lex’gtonAEast. April.......
18,540
20.980
69,039
65,655
The returns o f the street railw ays are brought together sep­ Long IslandRR. May........
384,-69 348,141 1.376.392 1,255,122
arately on a subsequent page.
Long Is. System May........
406,983 376,213 1,43«,260 1,322,105
Los Ang. Term.. May__
5,707
8,847
31,611
31,290
Latest Gross Earnings.
29,581
26,697
Jan. 1 to Latest Dale. Louis.Ev.ASt.L lstw k J’ne
639,694
574,989
R o ads .
Lou. H. A St. L .. 2d wk June
9,178
9,527
219,833
190,669'
WeekorMo
1898.
Louisv.ANashv. 2d wk June 423,ICO 379,550 9,861,674 8,884.368
1897.
1897.
1898.
Macon ABirm .. May.
3,514
4.141
23,111
24,446
Manistique....... May.
14,105
$
9,526
49,004
44,518
Adirondack...... April
i
Mexican
Cent..
15,235
15,292
2dwk
June
79,349
257,548
255,752 6,139,700 5,995,450
71,105
Ala. Gt. South.. ‘¿dwkJune
30,819
29,033
310,915 2«8,070
760,293
687,74 b Mexican Inter’l. M arch....
839,726
826,941
Ala. Midland... A pril..__
61.697
101,66
44,144
257,645
101,647 2,700,792 2,701,659
229,914 tMex. National 2dwk Jun
Ala. N. O. Tex. & Pac. Juno
Mex. Northern . April.......
55,799
55,914
184,411
223,034
N. Orl. & N. E May.........
108,550
91.912
586,276
79,900
6 « ,0 0 « i 1,790,900 1,586,500
528,197 i Mexican R’ wav WkJune «
Ala. & Vicksb. May..........
45,943
289.524
11,560
39.5 )9
13.749
295,602
237,516 Mexican So....... lstwk J’ne
316,714
Vicks. Sb.& P. May..........
44,670
30,263
287,958
35,774
46,362
929.649
212,370 Milineap. A St. L. 3d wkJune
843,097
Allegheny V al.. April. . . . . . 223,105 193.917
832.550
69,5th76,508 1 , 6 - 8 .0 2 s 1.432,022
725,680 M. St. P. AS. St. M. 2dwk Jun
Ann Arbor........ 3dwkJune
22,936
22,375
690,996
588,179 Mo. Kan. A Tex 2dwk J une 154,7*5 148.210 4,657,096 4.590,836
Ark. M idland... \pril........
6,36l
5,573
41,532
28. >55 Mo.Pac.ALrouM 2dwk Juue 401,00« 367,00 11,222,114 9,691,905
Atoh. T. &S. Ee.e April........ 3,212,989 2,784,381 12,498.368 10,559,3 i4
Central Br’oh. 2d wk Juue
17.00«
15,90
589,354
438,826
Atlanta & Char March....... 145,738 151,414
Total............ 2dwk June 418,00
424,119
382,00. 11,811,468 10,130,7 31
439,022
Atl. Knox. A No. May ........
Mobile
& Btrm.. IthwkMay
23,161
2 ,389
7,759
128,795
7,087
158,623
102,462
127,871
Atlanta A W. P. A p r il......
33,125
40,065
192,034
358,90«
325,256 1,763,890 1.575,762
136,993 Mobile A Ohio.. May........
Atl an. & D anv.. 2dwk June
11,059
11,41
127,18-; 115,920
257,59
240.861 MonLAMex.G’f. May........
648,027
570,551
Austin &N’ west A p r il......
9,6'H5
1 1 .2 b
526.039 444,393 2,313,43
42,838
«4,297 Nash.Oh. A St. L May.........
2,086.858
Balt. A Ohio__ May.......... 2,427,550 2,0 7,328 11,201,01 9.859,971 NevadaCeutral April.......
3.00
2,035
14.175
9,865
Bal. A O. Sou’ w 2d wk June 129,514 115,654 3,124,7
2,640,179 N. Y .C .& H . B. May........ 3,944,94« 3,808,731 18,547,075 17,446,964
Bath A Ham’nds April
1,650
7,175
75,515 1,554,222 1,562,429
1.5 L
70,137
8,929 N. Y .O n tA W. 2dwk Jun
Blr. A Atlantic. May.
2,031
184,618 157,918
1,752
11,216
6 ’ 7,400
8,797 N. Y. 8usq. A W April.......
644,741
Brunsw’kAWest April
45,950
44,60b
189,533
177.713 Norfolk & West 2dwk Juae 209,099 223,428 5,043,384 4,654,197
Buff. Booh. A Pitt 2d wk June
78. 96
60,300 1,627,5)1 1,414,414 Noithes’n(G a) March___
5,2
6.1
0.650
16,406
Buffalo A Susq.. May.
43,497
62,97b
49.287
216,086
61,873
112,44b
221,142 Noithe’s’n(SC.) February.
114,289
Bur.G. Bajp. A N. 2d wk June
63.430
77,945 1,764,584 1,662,574 North’n Central May........ j 492,365 491,562 2,5u5,192 2,554,115
OanadianPaoifie 2dwk June 469,00
466.00« 10,414,910 8,617,117 North’n Pacific. 2dwk Jun* 375,075 310,703 9,341,20
6,751,955
Oar. Midland.... May.
3,606
18,820
2dwk Jun*
2,454
21.834
17,702
380,001
21,909 Ohio River__
384,412
Oent.of Georgia 2dwk June
78,824
12,587
76,0.«0 2,263,894 2,208,923 OhioRiv.AChas May........ .
12,301
83.176
75,147
Central of N. J.. A pril........ 913,815 926,770 3,733,44« 3,524,139 Ohio Riv.AL.E May.........
2,800
1,901
12,255
10,809
Central Pacific. A pril........ 1,336,463 1,017,647 4,588,075 3,683,540 Ohio Southern.. May.........
47,183
48,111
270.875
262,605
Oharlest’n&Sav A pril........
52,2 «
14.24
48,074
266,482
11,533
158.55*
240,141 Oiu.Kan. C A E . 2d wkMuh
114,754
Chas’n & W.Car Mar oh.......
87,529
79,5b4
99,396 2,959,912 1,763,281
260,457
241,183 Oreg.RR.ANav. 2dwk June 122,842
Chattan’ga So.. 2dwkJune
1,410
514,297 4 3 S 3 « 6 1,897,83 ? 1,625.684
1,607
3 ", 880
33,214 Oreg. Sh. Line.. April . . . .
Ches. & Ohio.... 2d wk June 198,954 199,083 5,088,305 4,886,290 Pao. Coast Co.. April.......
456,416 281.366 ) , 8 6 o , 4 5 2
987.087
Ohio. Bur. A O.d April....... 3,255,366 2,675,825 13,107,205 11,113,653 Pacific Mail....... March___
367.632 413.891 1,056,607 1,183,779
Chlo. & East. 111. 2d wk June
71,212
69,374 1,841,532 1,779,245 Pennsylvania^.. April........ 5,358,172 5,011,972 20,715,209 19,318.609
Ohio. Gt. West’n 2dwk June
81.136
14,422
87,658 2,288,9
16,117
385,018
2.0 ’ 6,720 PeoriaDec.&Ev. 2d wkJune
391,477
Chic. Ind. & L 2dwk Juue
62.921
66,235
¡59,56
62,610 1,380,345 1,250,556 Petersburg....... April........
209.618
Ohio. Mil. A St. P 3d wk June 609,548 624,526 14,911,685 12,889,912 Phila. & E rie... April........ 332,874 309,784 1.123.393 1, 196,756
*35.831
Ohic.AN’tlrw’n. May.......... 3,086.809 2,537,439 13,998,771 11,422,282 Phila. A Bead... April.
1,634,61b 1,554,313 6,582,859 6,106,799
Chie.Peo.&St.L May.,
Coal A Ir. Co. April........ 1.545.000 1,088,392 6,128,717 5,548,753
63,061
66,721
362,963
338,252
Ohic.B’ k I. A P. May.,
Tot. both Co’s. April........ 3,179,618 2,642,705 12.711.57« 11,655,552
1,556,545 1,202,490 7,063,936 5,652,343
Chic.St.P.M.AO A pril.___ 598,063 518,365 2,451,606 2,136,468 Phil. B. A N. E. May..........
52.439
51,401
246,284
231,007
PhiL
Wilm. A B. Aprii........ 811,973 747,873 2,880,908 2,722,008
Chic.Ter.Tr.BB 2d wk June
22,582
21,156
514,716
476,690
Chic. A W. Mich. 2dwk June
31.137
30,464
771,2 ¿3
666,425 Pitts. C.C. AS t.L. May. ...... 1,256,57 1,110,779 6,362,654 5,513.729
Choo.Ok.&Gulf. April.
124,Oh8
62,981
3,326
3,429
535,440
18,691
19,211
358,832 Pitts.Lisb.A Wu May..........
Cin.G.APorts’ th May..,
5,058
101.500
5,276
22,1 rt6
54,200
380,026
22,316 Pitts. Bes. A L.E. M ay.........
212,970
Cin.N.0. A T .P . May..,
463,544 304,848 1,777,105 1,419,903 Pitts. A Wes’n .. 2dwk June
44,406
752,216
43.V74
699,788Pitts. 01. ATol. 2dwk June
Cin.Ports. A Vir. March
22,716
22,300
19,412
18,185
61,40 s
458,167
52,283
342,279
Olev.Can. A So.. lstw k J’ne
Pitts. Pa. A F .!2dwk June
13.697
8,986
9.142
139.115
12,751
284,210
268,374
125.087
Ol.Oin.Ch.ASt.l 2dwk June 256,784 257,913 6,204,101 5,825,893
Total system 2d wkJune
75,692
70,701 1,362,159 1,181,007
Peo. A East’n. May..
161,479 145,342
141,704 124,526
573,365
768,746
668,342 Pittsb.Yo. A A .. ;Maj[..
400,794
Cl. Lor. AW heel. 2dwk June
27,488
78,054
66,876
27,829
657,341
255,857
530,941 Kich.Fr’ksuA P. April.
*29,691
Col. Midland.... May..
124,619 123.918
37,387
33,704
123,849
636,541
646,106 Rich. A Peters b. April.
112,199
Col.H. V. & Tol. May..
219,157 190,296 1,009,303
32,661
2 5.768
105,338
902, 63 Bio Grande Jot. April.
82,654
Col. Sand’y A H 2dwk June
19,846
16,24b
8,685
- 8,261
194,825
335,095
330.714 BioGrande So’u 2dwk June
155,216
Colusa A Lake.. May..........
1,40«
2,000
68,100
« 1,100
1,434,355 1,076,722
7,450
.7,300 RioGr’de West. 3d wkJune
Crystal............ April........
1.075
15,796
15,546
532,334
948
2,972 St. J os.A G r.l... 2d wkJune
4,-76
471,497
OumbTd Valley April........
59.899
25,250
22,644
135,360
56.110
249,934
220.830 8t. L.Chi.ASt.P, May..
118,405
Denv. A Bio Gr. 3d wk June 159,400 146,500 3,605,« 86 2.966.390 St.L.Keu’etA So May..
3,9/6
24,212
3,389
20,137
Des M. AK anC. tthwkMeh
4,433
4,536
41,212
37,248 St.L. ASanFran. 2d wkJune 119,814 109,443 2,992,415 2,596,781
DesM. N. A W .. May..
55,129
28,565
69,400
65,300 2,213,739 1.872,820
157.234 St. L. So uthwest. 2dwkJune
216,382
Det.G.Rap. AW. 2d wk June
24, 98
566,132
23,628
639,687
536,412 St. Paul A B ui.. May.......... 130,931 118,219
504,384
Det. A Lima No. 2d wk June
San. Ant. A A. P April........
6,-19
204,805 207,149
632,373
191,588
632.396
Bet. A Mackinac April.
50,712
74,946
43,836
69 098
302,987
180.'-; 67
i7 Ì ‘,è’e o SanFrau.AN.P. May..........
263,536
Buluth S.S.AAtl 2d wk June
38.921
17,323
13,953
30,327
340,066
754,439
296,011
613,270 S. Fe Pres. A Ph. lstw k J’ne
Elgin Jol.AEast. May.......... 131,685
79,169
641,134
458,855 Sav.Fla.A West. April........ 271,810 257.937 1,152.807 1,130,077
Brie......... .
A pril..___ 2,004,544 2,418,567 9,910,370 9,272,436 Sher.Shrev.AHo. 4thwkMay
6,374
9,201
111,920
110,482
Eureka Springs. April........
4,768
18,239
5,357
23,305
62,494
16,-81
19,133 Sll. Sprs. O. A G, April.......
64,010
Evans. Alnd’plh- 2dwk June
5.430
5,564
5,746
3.844
124,967
115,577 Silverton......... December
Evansv. & T. H . 2d wk June
22,933
16.440
19,869
1-1,529
95,026
440.774 Sioux C. A Nor. May.........
522,715
80,108
Fitchburg.......... April.
556,367 539,564 2 ,2 1 2 ,0 2 1 2,073,069 So.HavenAEast May........
1,860
9,354
1,546
8,253
Flint AP.Maru 2a wk June
53,740
46.516 1,295.786 1.198.00 < So. Pacliic Co.
Fla. Cent.* Pen. 2dwk June
72,395
Gal,Har.AS.A April....... . 449,861 372,638 1,775,528 1,472,637
46,66« 1,367,11 M 1,107,399
F tW ’thABen.C. 4tliwkMay
Louis’ a. West. April........
27,518
20,745
93,426
76,934
407.120
533,977
409,619
335,399
Ft. W. A Rio Gr 2dwk June
7,871
Morgan’sLAT, A pril........ 454,604 402,040 2,034,242 1,693,681
4,302
130,792
214,886
Gads. A Att. U. May..........
N.Y.T. A Mex. April........
0 09
29.124
29,602
103,021
3,053
8 "61
3,513
93.410
Georgia BB...... 2d wk June
21,412
Tex. AN. Orl.. April........
23,060
524.584
691,970
128,248 125,902
676,816
515,328
Georgia A A la .. 2dwk J une
17, 65
Atl. Prop’tes.o, April . . . . 1,176,103 1,023,873 4,942,599 4.183,503
17,681
532,369
453,429
Ga.Car’la A No. April........
58,410
So. Pao. of Cal April........ 940,477 793,363 3 586,194 2,964,666
59,221
292,415
309,709
Geo. So. A F la .. May..........
79,766
So.Pao.ofAriz April........ 265,578 205,875 1,182,308
64,960
386,433
337,3 ¡0
849,979
Gr.Rap. A Ind.. 2dwk June
¿5,953
8o.Pao.ofN.M, April........
35,224
880,999
151.362 1)6,630
572,67«
803,924
449,137
Oin.R.&E't.W. 2dwk June
8,109
Northern By.. April........
7,531
174,664 164 453
681,468
187,975
174,89*
615,039
Traverse City. 2dwk June
Paeiiic system April........ 3,266,504 2,562,998 11,976,257 9,569,569
688
17,22
784
lb ,666
Mus. G. B. A I. 2dwk June
Total of all../ April........ 4,694,615 3,805,257 18,015,183 14 802,629
2,338
2,101
51,613
45,907
Tot aUlines. 2dwk June
47,088
45,640 1,137,841 1.041.390 Southern B y .... 2d wkJune 358,535 344.316 9,201,707 8,495.854
Gr.Tr’nk Syst’m 2d wk June 433,475 4i0,782 10,352,712 9,365,738
Memphis Div. 2d wkJune
2 ,623
19,713
676,440
577,988
Ohic.AGr.Tr. lstw k J’ne
70,133
1,403
1,321
56,365 1,612,890 1,246,919 Stony Cl. AC.Mt April........
3,797
4,006
Bet.Gr.H.AM. lstw k J’ne
13,617
Texas
Central..
4,623
372,066
16,215
lstw
k
J’ne
4,808
115,304
398,267
90,401
Great North’n—
Texas A Pacific. 3d wkJune
96 517 3,388.292 2.926.606
99,813
St. P. M. A M. May.......... 1,524,542 1,304,593 6,435,116 4,981,466 Tex. S.V.A N.W. M ay..........
2,739
17.780
2.08 5
13,191
East of Minn. May.......... 184,876 159,022
606,742
39,122
33,810
520,456 Toi.AOhioOent. Sdwk Juue
812,004
769,385
Montana Cent May.......... 163,456 154,794
777,141 Tol. P. A West.. 2d wkJune
841,251
20,702
17,010
420 512
384,548
Tot. system. May.......... 1,872,874 1,618,409 7,883,109 6,279,063 ToLSt. L. A K.C. 3dwk June
44,605
45,259
! 66.867
980,822
G’lfB’mntAK.O. May..........
15,620
11.144
65,203
47,715 Union Pao. B B .. A pril........ 1,242,427 1,107,948 4,920,139 4,233,191
Gull A Chicago. May........ .
2,433
3,894
21,103
18,224 Un.P.Den.AG.. 4thwkMay
75,981
87,828 1,531,594 1.313.607
Hoos.Tun.&WiL April........
4,169
3,360
14,762
13,912 Wabash............. 2d wk J une 251,644 223,156 5,799,630 4,891,202
HouB.ATex.Cen April......... 215,830 221,440
923,546 Waoo ANorthw. April........
930,518
10,45«
17,317
59,019
70,931
Illinois Centralt May.......... 12212409 11831499 111069636 18,908.24« W.J ersey ASea’e April........
191,314 191,074
645,078
607,461
Ind. Deo. A West. February..
38,511
37,453
74,468 W.V.Oen.APitts May..........
73,509
95,572
98,239
Ind. HI. A Iowa. A pril........
79,216
70,863
275,921 WestVa. A Pitts. March.......
319,208
31,192
33,053
84,167
83,395 H
In.AGfcNorth’n. 3d wkJune
47,112
44,269 1,565,95 ft 1,484.560 Western of Ala. April........
45.571
44,438
211,565
210,956
ilnterqo. (Mex.) Wk June 4
59,600
49,390 1,415,800 1,146,150 West. N,Y. A Pa. 2d wkJune
52,400
51,600 1,245,4 4 1,157,664
Iowa Central.. 3<b»lf .Tone
32,921
29.272
844,752
711,943 Wheel.* L. Erie 2d wkJune
19.571
26,348
624.163
434,413

R a ilr o a d In te llig e n c e -




THE CHRONICLE.

1232

[VO L. LiX V l.

tan. 1 to Latest Date.

Latest Gross Earnings.

■—Gross Earnings.Net Eamings.1898.
1897.
1898
1897.
9
$
9
$
Roads.
500,490
153,831
630,028
154.285
Balt. A Ohio South.b.May
$
$
$
749,475
2.864,238
2,436,554
667,700
Jan. 1 to Mav 31 .. .
34,497
27,433
Wilkesb.AEaat. April........
(Ju lyI t o May 3 1 .... 6,362,018 5,608,580 1,891,592 1.693,102
186*357
205*092
56,180
69.270
WiL Col. A Aug. March.......
49,287
43,497
17,484
25,416
Buffalo
ASusqueh.a.May
84,469 2,080,198 1,723,079
Wisconsin Cent. 2d wk J’ne 106,896
216,086
221,142
75.572
102.554
Jan. 1 to May 3 1 ....
27,735
29,999
5,388
5,791
Wrlghtsv.ATen. April........
530,931
572,970
242,563
273,262
July
l
to
May
31
.
.
.
.
20,126
6,212
23,263
6,529
York Southern. April........
193,017
304,843
463,544
109,229
Oin.N.O.ATex. Pao.aMay
a These figures iaolude results on leased lines, ft includes earnings
597.186
496,092
Jan. 1 to May 31 . . . 1,777,195 1.419,903
from ferries, etc., not given separately.
c Includes Des Moines &
993,922
J u ly l to May 3 1 .... 3,717,071 3,141,172 1,250.352
jg-«.nna.g city for all periods.
d Includes operations of the Ohio. Bur­
56,110
59,899
7,106
9,645
Cumberland
V
al.b...
Apr.
lington A Northern in both years.
e Includes results on A. T. & 8.
249,934
220,330
60,789
53,068
Jan. 1 to Apr. 3 0 ....
Fe, Gulf Ool. A S. Pe, 8. Fe Paoitto (old Atlantic A Pacific! and 8o.
36,838
54,361
18,051
7,445
Oal. By.
f Includes the Paoido system, the Atlantic properties and Ft. Worth A Rio Gr.. Apr.
169,516
103.835
58,6-18
14,530
Jan. 1 to Apr. 3 0 ....
the Houston & Texas Central system.
t Includes Chesapeake A Ohio So’ western, Ohio Valley and Chicago Ga. South. A Pia.a .May
79,766
64,960
15,490
19,577
»nil Texas for 1898 but not for 1897
336.433
337,310
112,734
101,312
Jan. 1 to May 31 . . .
|Mexisan currency.
.
< .
793,924
853,340
272,955
257,631
July I t o May 3 1 ....
| Covers results of lines directly operated east of Pittsburg.
40,635
11.619
44.376
Kanawha A M ich.b. Apr.
9,365
156,836
171,480
30,480
38,218
Jan. 1 to Apr. 3 0 ....
Latest Gross Earnings by W eeks—The latest weekly earn­
462,952
394,780
125,650
94,529
July 1 to Apr. 30 . . .
491,562
in g s in the foregoing are separately summed up as follows:
96,807
116,834
Northern Central, b. May 492,305
535,370
729,090
Jan. I t o May 3 1 .... 2,505,192 2,554,115
For the second week of June our preliminary statement
19,679
52,439
51.401
11,789
Phil. Bead. A N. E ...M ay
covers 76 roads, and shows 4’92 per cent increase in the
246.234
231,007
58,224
76,771
Jan. I t o May 3 u . . .
623,263
590,624
194,156
177,346
July 1 to May 3 1 ....
1.256,577 1,110,779
2 2 8 .0 «
249,103
6,362,654 5,513,729 1,426,46ft 1,268,817
Decrease.
pj
Increase.
1897.
1898.
2d week of June.
264,735
88,954
Pittsburg A West’ nb May 307.320
77,937
Jan. 1 to May 3 1 .... 1,223,973 1,039,6)4
350.934
272,466
*
$
9
9
2,885,121
2,456,823
776,150
July
1
to
May
3
1
....
352,618
1,786
29.033
30,819
Alabama Gt. Southern...
18,656
17,355
St. Paul Gas-Lt C o.. May
............ SI
2,765
21,723
24,488
Ann A r b o r . . . . . . . . . —
112,453
101,544
Jan. 1 to May 3 1 . . .
358
.. __
11,417
11,059
Atlantio A D anville......
13.860
115,654
74,946
129,514
69,098
25,790
24,444
....... S;
San Fr. A N Pao..a.May
Balt. & Ohio Southwest..
18,496
60,300
302,938
261,536
78.796
79,126
53,025
Jan. I t o May 3 1 ....
Buff. Boch. A Pitts..........
9,515
........
77,945
774,019
666,002
68,430
209,069
283,618
July 1 to May 3 1 ....
Burl. Ced. Bap. A No.......
3,090
466,000
469,000
Canadian P a c ific .........
65.141
33,792
Tenn. Coal I. A RR.-May
2,734
76,090
78,824
Central of Georgia..........
228,454
.... ...
362,695
Jan. I t o M a y3 1 ....
____
197
1,607
1,410
«Chattanooga Southern...
140,161
138,415
39,090
39,768
Foledo
A
Ohio
Gen.
b.
Apr.
129
r
198,954
199.083
Chesapeake A O h io ......
543,618
531,562
151,747
155,645
Jan. 1 to Apr. 30 . . .
1,838
69,374
71,212
Chicago A East. Illinois.
387,024
1,455,077
1,456,451
430,875
July
1
to
Apr.
3
0
....
6,522
.
.
.
.
.
.
.
.
j
81.136
87,658
Chic. Great Western.......
311
62.610
62,921
Chic. Indian ap.<fc Louisv.
...................
6,176
626,354
632,530
a Net earnings here given are after deducting taxes,
Chicago Milw. A 8t. Paul
w. . . . . . .
1,426
21,156
22,582
b Net earnings here given are before deducting taxes.
Chic. Term. Transfer—
673
30,464
31,137
Chicago A W. Michigan..

Roads.

Week or Mo

256,784
27,488
19.846
156,300
24,398
38,921
5,430
22.933
53.740
72,395
7,874
21,412

Clev. Lorain A Wheel’g..
Col. Sandusky A Hook’ g
Denver A Bio Grande...
Det. Gd. Baplds A West
©uluth So. shore A A t.,
■vansv. A Indianapolis.
Evansv. A Terre Haute.
Flint A Pere Marquette.
Fla. Cent. A Peninsular
Ft. Worth A Bio Grande
Georgia....................
Georgia A Alabama

17|4ßh

e

Traverse City.
■

Iow a Central.

Kan.City S u b .B elt....
Xiake Erie A Western...
Iioulsv. Hend. A St. L.
i.

Mo. Kansas A Texas.
Central Branoh.

•n
Norfolk A Western.
Northern Paoiflo...
Ohio R iv e r ................
„
Oregon RB. A Nav.

Bio Grande Western.

35,953
8,109
088
2,338

1897.

1897.

1898.

257,913
27.829
16.246
135,60
23,62«
30,327
5,746
19,529
46,516
46,664
4.302
23,060
17,681
35, 24
7,531
784

3,600
20,700
770
8,594
....
3,404
7,224
25,731
3,572

729
578

2,101

237

433,475

430,782

2,693

47,358
34. flfSQ
10,255
74,644

47,784

21 3^5

Wan. O. Mem. A Blrm.

M e x i c a n C e n t r a l ...
M e x i c a n N a t io n a l.

1898.

2,874
56,276
Ö 377
58,887
9,178
423,160
257.548
104,661;
36,264
69,568
15 4 705
401,000
17 O0<

70,137
209 OOf
16,821
122.84
14,42:
75,695
8,68f

59,10()

33,337

8,505
69,t 96
19,275
S.SSö
88,256
11,300
66,114
§,527
379.55C
255,752
101,647
44,411
76,501
148,210
367.000
15,000
75,515
223,421
340,702
17,70:
99,391
116,i r
70.70
8,26

57.10 1

18,020

43,610
1,796
3,020
6,495
34,000

2,000

........
.... .......
34,372
............
23,446
...........
4,991
424

2,001

25(
10,371
4,10()
14,215 1
...........
5,40 3
2,10 J
,3,69 2
...........
28,43 8
80 )
6,77 7
22,42 7

... 7,102.80 8| 6,826,91 0
.......... . 1
>J.
........... .1

414 29 2
335,89 8

Southern Railway...
Memphis Division.
Texas A P a cific......
l.
Cy
Wabash.
Wisconsin Central.

15.79 3
119,81
69,4013
35ft .53
19,71 3
103,79 L
35,77 2
20,7o 2

42,20 9

251,64 4
52.40 )
26,34 *
106,89 6

a

------. . .

g

.... ...

0

316

•••• —»
1,648
216

............
96
............

STREET RAILWAYS AND TRACTION COMPANIES.
The following table shows the gross earnings for the latest
period of all s t r e e t railways from whioh we are able to ob­
1,62 Ì tain weekly or monthly returns. The arrangement of the
7,227
349 Cable is the same as that for the steam roads—that is, the
ftrst two columns o f figures give the gross earnings for the
........
Latest week or month, and the last two columns the earnings
8,1*54 for the calendar year from January 1 to and including such
6,940 Latest week or month.
........
5,378
14,329




$

t

STREET RAILWAYS AND TRACTION COMPANIES.
G ross
E a r n in g s .

Latest Gross Earnings.
Week or Mo

1898.

1Ö97.

Jan. 1 to Latest Date.
1898.

1897.

882
1,695
.............
......... -

____

............
.............
.............
7,910
.............
............
............
2,533
......... ..
............
............
............
78,394
.............

-Net Earnings.
1897.
1898.
9
S
322,570
2,454,788 1,982,530
635,047
T«« 1 to Aor. 3 0 ,... 8*773,464 7,832,643 2,266,7]L5 1,378,736
1 to Apr. 30!.:.22;804;833 21,345,994 6,166,779 4,763,552
-Gross Earnings.1898.
1»97.

* After allowing for other income received. .

481

Net Earnings Monthly to Latest Dates.—The table fo llo w ­
ing shows the gross a ad net earnings o f S t e a m railroads
reported this week. A. full detailed statement, including al 1
roads from whioh monthly returns can be obtained, is given
onoe a month in these oolumns, and the latest statement oi
this kind will be found in the C h r o n ic l e of June 18,1898.
The next will appear in the issue o f July 23, 1898.
Tìntiti,9.
I t lm o r e AOm o.b.Apr.

Interest Charges and Surplus.—'The following roads, in

—Ini.. Rentals, dtc.— » r-Bal. o f Net E a m ' g s *
1897.
1898.
1898.
1897.
9
$
$
S
Roads.
def.315
419
11,230
10,180
Kanawha A Mioh— Apr.
def.7,966
9,910
115,740
102,495
July 1 to Apr. 3 0 ....
301.496
294,928 def.73,457 def. 45,325
Pitts. C. C. A St. L...May
E
3,006 df.116,235
Jan. 1 to May 3 1 .... 1,423,459 1,385,102
5,340
6,788
19,004
19,104
San Fran. A No. Pao.May
8
210,144
74,574 def.1,075
209,044
July 1 to May 31 ...
,
17,66 2 def. 13,985
47,777
47,479
Tenn. Coal I. A RR..M ay
1
125,300 def. 10,431
238,835
237,395
Jan. 1 to May 3 L ....
*205
*1,820
39,795
37,543
Toledo A O.Cent . . . Apr.
*9,671
*50,420
390.012
384,977
J u ly ! to Apr. 3 0 ....

426
1,322
1,750
4,948
2 ,5 6 j

15,54 3
109,44.Ì
65,30 [>
344,31 5
27,62 3
98,38 3
33,66 3
17,01 )
44,74 2
223,15 3
51,60 )
19,57 L
84,46 9

d.

1,129
34L

7,950
32,897
kkrou Bedf’ d A Clev. May..........
31,391
9,478
15,724
3,90 » 3,604
14,061
Amsterdam St. B y... April.........
32.083
9,291
35,m
Atlanta Railway . ... May..........
8,485
868,444
211,141
888.738
Baltimore Con. By.*... May..........
207,748
5,292
5,609
Bath St. By. (Maine). April........
1,63 3 1.510
31.084
31,166
6,331
6,64 7
Bay Cities Consol.... May..........
40,502
44,616
Binghamton St. Ry... April . . . . . 11,233 10,929
91,562
Bridgeport Traction. April . . . . . 25,900 24,429 100,312
94,625
9 7,564
Brooktoa Oou. St. Ry A pril........ 23,070 25,031
Brooklyn Elevated!. A pril........ 1127,835 (150,860 t553,600 t53l,951
Br’ klyn Rap. Tr. Go.—
Brooklyn Heigfits > M ay.. . . . . . 528,348 488,059 2,287,315 2,036,048
B’fclynQ’ns A Sub. j
67,964
15,862
Charleston City B y.. M a y —
Gin. A Miami Val.. .. May.......... 11,032
Citizens’ St.Ry.,Indp. April . . . . . 79,902 68,031 315,30o 283,626
22,872
26,745
d tiz ns’ (MunoieInd.) M a y ......
5,327
5,671
8,302
2,187
2,353
8,522
City Eleo. (Rome.Ga.) May.........
139,300
690,573
143,653
640,080
Cleveland Electric... « l a y ...........
23,110
8,556
7.562
32,330
Oleve. Painsv. A E. May.........
63,346 48,890 267,887 23 L,632
Columbus St. Ry. (O. M ay. . . . . .
Coosoli’d Trao. (N. J. A p r il..... 252,230 233,813 365,245 883,540
Dauv. Gas El. Light &
!
34,833
A pril...
8,519
8,330
36,984
Street By............
Denver Con. Tramw.. A pril...
56,8 i9 57,139 218,267 214,321
Detroit Citi’ ns’ 8t.Ry. 2wks June 48.723 45,854 498,835 460,449
Detroit Eleo. R y ...... May.......... 31,579 34,171 161,561 166,098
69,590
72,189
Duluth St. R y.. . . . . . . May.......... 14,691 15,072
19,374
21,089
9,116
Erie Eleo. Motor Co.. February.. 10,103
Ft. Wayue A Belle
72,537
66,343
Island (Detroit). . . . May. . . . . . 15,364 13,202
Galveston City R y... M arch ...., 15,668 14,55»
94,462
[82,’037
Harrisburg Traction. M a y ....... 21,546 18,851
Herkimer Mohawk II
13,211
14,189
3,570
3,518
ion A F’kfort El. Ry. April...
41,515
37,861
Î7.294 14,005
Houston Eleo. St. By. March.
Inters Date Consol.,oi
27,301
9,523
26,843
North Attleboro.... M arch ..... 10.297

G ross
E arn in gs .

Latest Gross Earnings.
Week or Mo

1898.

1897.

Jan. 1 to La\esi time
1898.
$

1897.

$

¿Kingston City Ry....... M a y .......
4,847
20,639
5,335
20,082
Xehlgh Traction........ jMay..........
7,357
8,673
37,795
40,424
37,624
7,714
7,894
¿LondonSt. Ry. (Can.). [May..........
33,952
Lowell Law. A H av.. A p r il....... 31.896 31,420 120,017 114,451
Metrop. (Kansas City) 12 d w k J u n e 39,733 37,486 858,12? 765,445
Metro. W. Side (Ohio.) ,May.......... 103,* 98
514,599
Montgomery St. Ry.. May..........
22,738
21,5 82
5,S00
5,478
Mbntreal Street Ry... May.......... 123,508 116,339 5 6 1 ,7 4 *
508,415
Nassau Elec. (B’klyn) May........ 187,145 173,073 772,882 648,850
6.980
26,980
6,699
SNewburg St. R y........ !May..........
25,740
3,734
15,045
<New London St. R y.. May..........
14,670
3,750
New Orleans Traotion May.......... 125,299 119,485 566,740 511,163
Norfolk St. Ry........... May.......... 14,852 13,104
60,879
54,605
North Chic. St. R y ... May........ 248,67« 237,659 1,154,372 1,087,376
North Shore Traotion April........ 106,055 104,051 394.737 383,546
6,005
l,6c>9
Ogdensborg St. R y... May........ .
1,547
5,707
UPaterson Ry........
95,235
April........ 28,i41 26,184 107,364
5
6
,4
0
0
19,174
13,133
Richmond Traction.. May..........
43,780
34,381
Roxb’h Ch.H. A Nor’n May..........
8,892
7,443
24,997
23,239i
5,096
5,31.5
«■Sohnylkill Val. Trac. iMay..........
20,031
13,744
-Scranton A Carbond’e May..........
3,180
2,808
23,110
Scranton A Pittston. May..........
4,822
8 or an ton Railway.... May.......... 30,667 28,961 147,153 134,361
Syracuse Rap. Tr. Ry. April........ 36.687 34,581 145,206 130,737
Toronto R y ............. 2wks, June 46,003 42,233 486,681 422.603
Twin City Rap. Tran. May.......... 180,306 159,780 833,529 769,092
Union ( NT. Bedford).. May.......... 15,545 18,159
71,485
83,881
596,795
United Tract. (Pitts.) May.......... 133 533
United Tract. (Prov.) M ay.......... 143,571 147,206 6K8.810 660*014
Unit. Trao. (Reading) A pril........ 14,029 13,260
47.532
50,781
4,880
19,157
Wakefield A Stone.... M ay..........
4,861
19,437
Waterbary Traction,. May....... . 21,985 22,413 106.056
94,958
West Chioago St. Ry. Wk J u n e l9 80,695 78,508 1,758,029 1,696,845
12,450 12,444
39,276
36.532
Wheeling Railway... M aroh...
Wilkesb. A W.v. Valley A pril. ...
37,091 35,538 152,325 147,367
* Includes Baltimore Traotion and City A Suburban for both years.
f Trolley oars commenced running on Brooklyn Bridge February 16,
1898, whioh acoouuts for decrease in company's earnings.
XStrike during 15 days of Maroh, 1898; no oars running.

Street Railway Net Earnings.—The following table gives
th e returns of S t r e e t railway gross and nefcearnings received
this week. In reporting these net earnings for the street rail­
ways, we adopt the same plan as that for the steam roads—
that is, we print eaoh week all the returns received that
week, but onoe a month (on the third or the fourth Saturday)
we bring together all the roads furnishing returns, and the
latest statement o f this kind will be found in the C h r o n ic l e
of June 18, 1898. The next will appear in the issue of July
.23,1898.
,
,---- Gross Earnings.-----,,------Net Earnings.1898.
1897.
1897.
1898.
Roads.
9
$
/Akron Red. A 01ev...May
3,121
3,565
9,478
7,950
6,068
Jan. 1 to May 3 1 .. . f ■ 31,391
5,180
32,897
Atlanta Railway.......May
2,216
2,619
9,291
8,485
Jan. 1 to May 3 1 ....
7,021
35,171
32.083
6,084
6,647
2,391
2,160
6,381
Say Cities Con.St.Ry.May
Jan. 1 to May 31___
31.084
9,706
31,166
9,776
15,862
Charleston City Ry..M ay
4,914
Jan. 1 to May 3 1 ....
19,343
67,964
July 1 to May 3 L ....
56,971
152,315
*Cit.8t Ky.,Mun (lnd.)May
5,327
2,508
5,671
2,540
Jan. 1 to May 3 1 ....
13,379
26,745
22,872
10,087
City Eleo.(Rome,Ga) May
2,353
632
2,187
788
Jan. 1 to May 3 1 ....
8,522
8.302
1,644
071
4,243
8,556
Olev. Painesv. A E..M ay
7,562
2,920
Jan. 1 to May 3 1 ....
11,932
11,474
32,380
28,110
Haigisburg Traot’n..M ay
8,910
10,211
21,546
18,851
94,462
Jan. 1 to May 3 L ....
33,037
46,122
82,037
81,267
July 1 to May 3 1 ....
220,755
201,184
104,193
Metro’n 8t. Ry..K. C.May
84,550
91,902
175,484
165,071
Jan. 1 to May 3 1 ....
296,535
691,922
341,459
777,731
771,206
June 1 to May 31 .. . 1,949,606 1,774,892
880,661
44,051
103,498
Metr. W. 8ide El. .Chic. May
Jan. 1 to May 3 1 ....
196,068
514,599
283,132
Nov. 1 to May 3 1 ....
718,835
New London St. Ry.May
1,022
3,734
997
3,750
Jan. 1 to May 3 1 ....
1,914
15,045
14,670
1,192
Soranton A Carbon.. May
1,673
1,303
3,180
2,808
5,890
Jan. 1 to May 3 1 ....
13,744
15,404
July 1 to May 3 1 ....
35,507
•Soranton A Pittston.May
1,071
4,822
Jan. 1 to May 3 1 ....
6,315
23,110
July 1 to May 3 1 ....
20,317
59,730
J?win City Rapid Tr.May
180,306
159,780
96,709
77,134
Jan. 1 to May 3 1 ....
833,529
769,092
414,138
351,982

Interest Charges and Surplus.—The following S t r e e t
railways, in addition to their gross and net earnings given in
the foregoing, also report oharges for interest, &o., with the
surplus or defioit above or below those oharges.
Roads.
Atlanta Railway...... May
Jan. 1 to May 3 1 ....
Twin City Rapid Tr.May
Jan. 1 to May 3 1 ....

-inf., rentals, etc.—
1898.
1897.
1.250
6.250
65,842
326,018

-Bat. of Net Eam's.—
1897.
1898.
9
9
1,369
966
1.250
771
def.166
6.250
30,887
12,348
64,786
30,234
88,120
321,748

ANNUAL REPORTS.
Annual Reports.—The usual index to reports is omitted
-to-day, but ia last week’s issue will be found the index to all
reports published up to and including June 11. ^
New York Central & Hudson R iver R ailroad.*
Vr«
(Preliminary statement fo r year ending June',30,1898.,/
The approximate statement for the year |to end June 80,
1898, compares as fo llo w s:




1*33

THE CHRONICLE

J une 25, 1898.]

1897.
2,395
$
25,850,731
13,094,619
5,334,789

1896.
2,395
$
25,984,710
13,705,021
5,455,236

44,280.139
29,648,146

45,144,967
30,455,570

Net in c o m e ............... 15,049,000
14,631,993
Payments—
Rentals paid........ ........... .
5,924,736
Interest on d.ebt ................
4,126,490
Taxes on earn, and stock.. i 10,334,0001
228,900
Reserved for debentures...
300,00)
Dividends............................. (4) 4,000,000 1 (4) 4,000,000

14,689,397

Tears ending June 30 —
Miles operated June 3 0 ... .
Freight earnings................
Passenger ea rn in gs..........
Miscellaneous earnings....

1898.
2,395
$

Total gross earnings... 46,475,000
Oper. exp., inolud. taxes.. *31,426,000

5,967,609
4,153,776
224,219
300,000
(4) 4,000,000

Balance, surplns.........
715,000
51,867
* Includes $800,000 new equipment.—V. 66, p. 1140.

43,793

Keokuk & W estern R ailroad Co.
(R eport fo r the year ending Dec. 31,1897.)
The report says in substance :
D es Moines & Kansas City Ry.—The consolidation of the
Des M lines & Kansas City Ry. Co, with the Keokuk & West­
ern RR. Co. has been accomplished, and the capital stock of
your company increased from its present amount, $4,009,000,
to $5,0 (0,000. The road now owned, including the Des Moines
& Kansas City, is 260 miles in length, and ia standard gauge
throughout.
Proposed Extension.—Since the acquisition of the Des
Moines & Kansas City in 1895 its entire gauge has been grad
ually widened from Des Moines to Cainsville, its present
southern terminus. The Keokuk <fc Western property has
also been largely improved and we have been to considerable
expense in equipping freight cars with air brakes and patent
couplers, which have added to the cost of operation during
the past year. It is the belief o f the board that the line of
the Des Moines & Kansas City should be extended southward
from Caiasville or Decatur City to make some connection
with the Kansas City Pittsburg & Gt-ulf system to the South,
the Wabash, tbe Omaha & St. Louis, the C. B. & Q. and the
Missouri Pacific on the east and west, or to Trenton &
Chillicothe, connecting with the C. M. & St. P., thus afford­
ing direct facilities to Omaha, St. Louis and Kansas City and
all points east, west and south,
Funding Plan.—The directors hope shortly to submit a
plan providing the necessary money for funding the present
indebtedness of your lines, occasioned by the purchase of the
Des Moines & Kansas City, the widening of its gaage and
other necessary betterments thereon, for the extension as
above, and betterments that have from time to time been
made upon the Keokuk & Western RR, Co., togetner with
the indebtedness that was incurred in the settlement of the
settlement of the old tax suits brought against the Keokuk
& Western by the State of Missouri. [The new mortgage
for $2,500,000, filed last week, was mentioned in our invest­
ment news department on page 1189. —Ed ]
Earnings.—It will be observed that the earnings for the
year 1897 were the largest in its history, and to a considerable
extent this result has been brought about by the business ac­
quired by the Des Moines <fc Kansas City Ry. Co.
Statistics.—Operations, earnings, expenses, etc., were:
O P E R A T IO N S .

1897.
1896.
1895.
1894.
198,802
Tons freight hauled..
207,080
204,191
199,135
Tons hauled Lm ile....13,682,161 15,758,533 15,074,400 13,707,785
1*56 ots.
Av. rate p. ton p mile 1*889 cts.
1*54 ots.
1*60 ots.
159,613
156,396
Passengers carried...
159,977
150,819
Pass, carried 1 m ile.. 3,565,575
3,399,640
3,762,986
3,130,854
2*64 cts.
Av. ratep. pass. p. m. 2*528 ots.
2*48 ots.
2*70 ots.
E A R N IN G S , E X P E N S E S A N D C H A R G E S .

1897.
Earnings—
9
Passenger....................... .
90,127
F reig h t.......................... 258,562
69,062
Mail, express, ete........

1896.
$
89,758
246,649
58,874

1895.
9
93,266
232,351
55,007

1894.
9
84,478
221,250
57,819

Total ............. ......... . 417,751
Oper. expenses A taxes. . 316,911

395,281
275,238

380,624
255,189

363,548
264,629

Net earnings........ .
P. c. of exp. to earnings
Deduct—
Interest paid on notes..
Dividends (2 per cent).
Construction'and equip

100,840
75*83

120,043
69-63

125,435
67*0

98,919
68*8

19,303
80,000
19,089

17,188
80,000
3,769

19,275
80,000
13,269

13,095
80,000
2,430

T otal........................
118,392
Surplus......................... def.17,552

100,957
19,086

112,544
95,525
12,891
3,394
G É N É R A L B A L A N C E S H E E T D E C E M B E R 31.
1897.
1896.
1895.
1894.
Assets—
$
$
$
$
Cost of road...................... 4,275,000 4,275,000 4,275,000 4,275,000
Sto’ k Keokuk Uni’n Depot.
4,716
4,452
3,060
3,660
D. M. A K. C. stock, bouds
and advances......... 956,137
957,337
Accounts receivable.........
23,487
27,61.5
39,407
23,572
Materials ou hand....
20,893
22,139
14.811
20,422
Suspense account...............................
10,000
............
Cash on hand.......... .
6,058
10,498
46,923
25,180
Total assets............... ,.5,286,291 5,297,040 4,389,801 4,347,835
Liabilities —
Capital stock..................... 4,000,000 4,000,000 4,000,000 4,000,000
Mortgage................ ......................... .
275.000
275,000
200,000
D. M. <fc K. C. accounts... 400,000
880.000
Bills payable.................
755,000
60,000
Accounts payable,............................. 13,6864,367
4,709
9,235
Pay-rolls u n p a id ...,........................... 18,102
15,349
11,773
11,551
Vouchers u n paid...............................25,279
30,611
26,891
8,513
Income account.................
74,163
91,714
71,429
58,536
Total liabilities........... 5,286,291 5,297,040 4,339,801 4,347.835
V 66, p. 1189.

THE CHRONICLE

1234

Chicago & Western Indiana RR.
(R eport fo r the year ending Dec. SI, 1897. )
President B. Thomas says in part :
Removal o f Grade Crossing.—For over four years the city
o f Chicago urged the elevation and depression of tracks _ at
Sixteenth Street so as to eliminate the dangerous crossing
at that point. Various plans were considered, and the roads
in interest finally adopted a plan which provides for the
Atchison and Western Indiana companies to pass through a
tunnel under the street and under all the other roads; and
the St. Charles Air Line to pass over Clark Street, crossing
the Lake Shore and Rock Island roads at grade at an ele­
vation of 12‘06 feet above the present level of tracks.
W e shall by this arrangement be relieved of all street and
grade-crossing expenses, amounting on an average to $10,000 per annum, and shall avoid delays to trains that are un­
avoidable under present condition«. The work has been
commenced and will probably be completed by Dec. 1,1893.
Business.—The number o f cars handled in 1897 by the
Switching Association was 128.527, against 144,908 in 1898.
Decrease^ 11 '30 per cent ; average cost per car in 1897, 29 92
cents, against 30*15 cents in 1897. The total mileage over
thè C. & W . I. R R. was in 1897 11,562,135 miles, against
11,323,293 miles in 1896, an increase of 238,842 miles, or 2*11
per cent.
Income Account.—The income of the Chic. & West. Ind. is
derived principally from the rentals paid by the companies
making use of its railway and terminals, its reports showing :
IN C O M E A C C O U N T O F C H IC A G O & W E S T E R N IN D IA N A R R .

1897.
$
912,240
20,169
6,459
8,635

U Total............................
Expenses—
Interest charge...............
Dividends.........................
Miscellaneous..................

947,503 1,012,794

995,834

994,979

649,930
300,000
8,896

668,260
375,000
10,075

671,036
300,000
7,979

967,118 1,053,335
sr.45,676 def. 57,501

979,015
sr.15,964

957,826
Total........................ ..
Balanoe............................. def.10,323

1896.
$
952,409
21,935
29,087
9,363

658,880
300,000
8,238

1895.
$
956,884
23,050
6,641
9,259

1894.
$
953,736
22,662
7,121
11,460

'Revenue—
Rental from lessees........
"
“ houses&land
Dis.,int. and exchange..
Miscellaneous earnings..

1 Tlxe surplus on Deo. 31,1897, as per balance sheet, was $704,198.
BALANCE SH E E T

1897.

^

8 SC ts

DEC.

31.

1896.

1895.

1894.

^

Cost of property....19,402,224
19,327,374 19,194,523 19,127,767
Aoots. due and unpaid...
224,968
249,629
521,574 548.847
360,113
362,179
253,347 327.774
Gash....................
Materials................
66,583
109,128
137,193 102,814
Total........................... 20,053,888 20,048,309 20,106,637 20,107,202
Liabilities—
S tock .......... ‘ . . . . . . . . . . . . . 5,000,000 5,000,000 5,000,000 5,000,000
B on d s............ .......... . 10,714,667 10,887.667 11,047,667 11,200,667
Vouchers* curr'nt accts.
98,038
77,137
183,603
126.080
Sinking fu n d s................ 3,470,336 3,296,315 3,132,401 2,978,009
Interest a c c r u e d .........
58,883
60,603
63,743
62,213
7,765
Ooups.matured,not paid.
12,065
12,355
11.905
Inoome a c c o u n t ..........
704,198
714,522
663,845
726,346
Total................ ..........20,053,888 20,048,309 20,106,637 20,107,202
fc-V. 66, p. 856.

P eoria Decatur & Evansville Railway.
(F o r the year ending Dec. SI. 1897.)
Results for the year 1897, compared with previous years,
were as follow s:
1897.
$

1896.

1894.

864,054
659,096

911,776 TE 861,162
667,635
699,942

$

$

Net earnings................ ..124,323
P. & P. U. dividend............. 15,000

204,958
15,000

244,141
15,000

161,220

Total in com e.................. 139,323
Fixed, charges—
Rentals................................... 30,140
Interest on floating d e b t.... 3,720
Int. on 1st rnort., main line.164,904

$

1895.

Gross earnings..................... 901.675
Operating exp. and taxes...777,352

219,958

259,141

161,220

30,140
3,550
172,472

30,140
256
170,641

30,140
1,677
171,753

Total payments............. 198,764
206,162
201,037
Deficit for year..................... 59,441 sur.13,796 sur.58,104
—V. 66, p. 1043.

203,570
42,350

Allegheny Valley Railway.
(R eport fo r the year ending Dec. 31,1897.)
President W . H. Barnes says in substance:
The year’s business, for the first time in the history of the
company, shows a surplus over all fixed charges. This very
favorable result is mainly due to the improved physical con­
dition of your property and to able management by the Gen­
eral Superintendent and his staff. The business in the first
half of the year was not encouraging, but the last half
showed a marked increase.
Important additions and extraordinary repairs were made
during the year, including a new steel bridge 260 feet in
length (two spans)Tat East Sandy River, costing $14,014; a
new freight station at New. Bethlehem costing $1,966 38, the
entire renewal of the roof of the car shop at “ Verona Shops”
costing $6,614, all of which have been charged to expenses
About two miles of additional sidings have been put in. The
motive power and car equipment have received all needed
repairs and {renewals.




[ V o l . LXVi,

Of the $4,600,000 first mortgage 7 3-10 per cent bonds of
the River Division, due March 1, 1896, $3,991,0(10 have been
paid, leaving $6,000 outstanding at the close of the year.
Statistics.—Earnings, expeases, charges and balance sheet
have been as follows:
1895-6.
1897-8.
1894-5.
1893-4.
E a rn in g s—
$
$
$
$ r.
627,292
643.769
620,294
P a ssen gers.....'............... . 625,418
Freight............................... 1,827.604 1,618.378 1,831,280 1,472,414
95.942
91,033
Mail, express and mlscel... 100,112
83,999
Total........ .................... 2,553,134 2,341,612 2,569,082 2,176.707
E xp en ses—

Maint, of way & struct’rs . 366,534
Maint, of equip m en t...... , 315,408
Conducting transportait. 740,130
56,195
General...............................

403,414
319,392
728,762
57,536

438,630
319,061
752,610
59,354'

339,066
257,043
665,960
55,338

Total..............................1,478,267 1,509,104
Net earnings..................... .1,074,869
832,508

1,569,655
999,427

1,317,407
859,300

1894-5

1893-4.

INCOME ACCOUNT.

1897-8.
$

Net e arn ings..... ........... ;. .1,074,369
D e d u ct—
*5 331
Taxes................................. .
Interest on bonds............. 97-L758
40,208
Mise el laneo us..................

1895-6
$ 832,508
55.070
988,948
6,379

$

999,427

$

859,300

47,777
60,040
1,132,587 )J1,127,580
6,879 j

Total............................ .1,074,297 1,050,897 1,187,243 1,187,620
218,389
Balance, d e ficit............... . sur. 571
187,816
328,320
G E N E R A L B A L A N C E S H E E T D E C E M B E R 31, 1897.
Or.
Dr.
Cost of r o a d ...:....¿.,$41,269,012 Capital stooK...............$27,269,281
Cost of equipment___ 1,744,531 Bonded debt...................16,698,109
Cash on liana...___. . . '
103,266 Unpaid int. and coup’s
17,792
Material on hand.......
127,868 Interest aoorued, but
not d u e ...___. . . . . . .
Due by railroad com­
278,192
Pay-rolls and vouchers
pany’s agents, indi­
178,279
186,002
viduals, &c...............
(December)..............
Profit and loss............ 1,050,748 Due r a i l r o a d com ­
pany’s agents, & c...
24,331
Total..........................$44,473,707
—V. 64, p. 1178.

Total................. .....$44,473,707

North American Company—Milwaukee E lectric Ry. &
L ight Co.—Cincinnati Edison Co.
{Report fo r the fiscal year ending May 81,1898.)
The Treasurer’s report and a portion o f the remarks of
President C. W . Wetmore were given last week on page 1188.
The following are the remaining portions o f President W etmore’s report:
Milwaukee Electric Ry. & Light Co.—The affairs of the Mil.
Elec. Ry. & Light Co. have made gratifying progress dur­
ing the past year. On M.ay 31st, 1898, the Court rendered its
decision declaring the four-cent fare ordinance void and
making the in j unction against its enforcement permanent.
While resting its conclusions upon the principles most re­
cently announced by the Supreme Court of the United States
in the so called “ Nebraska rate’" case, the opinion marks a
distinct advance, in that it declares more pointedly than any
of the judicial expressions that have preceded it in the many
similar railway controversies that the basis upon which the
reasonable return to which capital is entitled should be es­
timated is not the replacement cost at modern prices of the
property affected, bat that the actual investment necessarily
made in acquiring and developing the property, must be con­
sidered, and also that the rate of return upon such basis is
not to be limited to the rate of return upon investments of
the highest class, where the risk is merely nominal. [See alsoC h r o n i c l e of June 4, p. 1089, and editorial in issue o f Juno
11, page 1112.— E d .]
Our confidence in the future of the Milwaukee Company
has naturally been strengthened by this result.
Milwaukee Light, Heat & Traction Co.—In the last report
we stated that the Milwaukee Co. had acquired, through
the medium of the Milwaukee Light, Heat & Traction
Co . the ownership o f the only competitive lighting plant and
electric railway in the city or its suburbs. The only street
railway line which then remained in independent ownership
was the steam dummy line from the western city limits of
Milwaukee to the village of Wauwatosa, with a branch to
the village of North Greenfield, operating about 12 miles o f
single track. This company owned an expensive iron via­
duct, bridging the valley of the Menominee River, which af­
forded the most natural outlet for a suburban line to thecity of Waukesha, the county seat of Waukesha County,,
about 10 miles west of Milwaukee. After careful investiga­
tion it was deemed desirable to acquire this railway and toextend it to Waukesha, over a private right of way. This
has been-done, franchises for fifty years have been obtained/
in the city of Waukesha, and the line has been substantially
completed and equipped, and is about to be put in operation.
As an incident of this enterprise an electric line 6 miles in
length, running from Waukesha to Waukesha Beach, on
Pewaukee Lake, was also purchased, so that a continuous lino
is now established from points of connection with the city
system to and through the city of Waukesha to the famous
lake region of Waukesha Countv. Waukesha itself is a
thriving town of about 9,000 inhabitants, famous for its
springs and as a health resort, and it is expected that this lineIwill constribute substantially to the business of the Milwau­
kee Company. The ownership of the several properties last
referred to has befp vested in the Milwaukee Light Heat &
Traction Co., the entire capital stock of which is o wned by the
Milwaukee Company, and the entire urban and surbarbaa
system has thus been unified.*2

June 25, 1898. j

THE CHRONICLE.

Cincinnati Edison Electric Co.—In the last report an­
nouncement was made of the formation of a syndicate for
Cincinnati Edison Electric Co. and providing
the funds necessary for the installation of a new station.
This work is being vigorously prosecuted, and it is expected
that the new installation will be completed within the next
three months, and upon its completion there will be a large
accession of new business, resulting from the lighting of ad­
ditional districts under the contract for the public lighting of
the city. On December 17th last the litigation which has
been_ so long pending between the company and the city of
Cincinnati, affectiag the validity of the lighting contr ict.
was finally decided by the Supreme Court of tthe State of
Ohio in favor of the company, and there remains now no
legal obstacle to the carrying out in full of that contract, un-""
der which the company expects ultimitely to instal at least
4,000 city lamps. The commercial business is also develop
ing, and upon the completion o f the new station will be vigor­
ously prosecuted.—V. 66, p. 1186.

GENERAL

INVESTMENT

NEWS

Reorganizations, Etc.— Latest Data as to Defaults, Reor­
ganization Plans, Payment o f Overiue Coupons, Etc.—The
usual index is omitted to-day, but that published a week ago
covers the items up to and including June 11.
Adams Express € o .—Bonds L !sted.—The New York Stock
Exchange has listed the $12,090 000 collateral trust 4 per cent
bonds recently issued to the stockholders as a 100 percent
dividend. These bonds were fully described in the Chroni­
cle of March 5, 1893, page 470.
The dividend on the capital
stock, previously 8 per cent yearly, is now 4 per cenc p 9 r
annum, the decrease being made good to the shareholders by
the interest received by them on the new bonds.—V. 65, p.
952.
Alabama Steel & Shipbuilding.—Tennessee Coal, Iron
& R R . —Bonds Sold.— The Alabama Steel Sc Shipbuilding Co.
has been organized to carry out the plans of .the Tennessee
Coal, Iron & RR. Co. for building a large steel mill at Ensley
City, and has already let the contract for construction. The
$1,100,000 six per cent bonds of the new corporation are
guaranteed by the Tennessee Coal, Iron & RR. Co., and have
all been subscribed for, the Louisville Sc Nashville RR. and
the Southern Ry. each taking $300,000, and James T. Wood­
ward and Moore & Schley of New York $100,000 each.
The President o f the Steel Company is N. E. Barker, Presi­
dent of the First National Bank of Birmingham, and the
Vice President, J. K. McDonald, President of the Elytoa
Company.
The mill is to have twelve basic furnaces o f fifty tons each,
and will be able to turn out 1,000 tons of steel per day.
The capital stock of the Alabama Steel Sc Shipbuilding Co.
is $490,000. Of this amount $59,000 is common stòck and
carries control ; it is owned by the Tennessee Coal, Iron Sc
R .R . Co. The remaining $440,000 is 6 per cent cumulative
preferred stock, and its dividends are guaranteed by the Ten­
nessee Coal, Iron & R.R. Co. The preferred shares were
given as a 40 per cent bonus with the bonds.—Y . 66, p. 1002.
American Tobacco.— Favorable Decision.—A t Trenton, N.
J ., on Monday, the Court of Errors and Appeals, by a unan­
imous vote, confirmed the decision o f Vice-Chancellor Reed,
rendered in March, 1897, dismissing the suit brought against
the company jointly in the name of the Attorney-General and
Miller brothers, tobacco dealers of Newark, for the purpose
o f restraining it as a trust from doing business and from
“ conducting the business in a manner prejudicial to the com ­
plainants and injurious to the people o f the State of New
Jersey.” The Vice-Chancellor held that in refusing to sell
to parties who will not agree not to handle the goods of other
manufacturers, the company is acting within its rights, and
that such action does not constitute it a monopoly in viola
tion of the Anti-Trust Law. The Court m'erely announces its
decision, no written opinion being filed.—V. 66, p. 1138.
Baltim ore '& Ohio R R .— Reorganization Plan.—The plan
of reorganization was formally issued on Wednesday and is
published at much length in our advertising columns. The
reorganization managers are Speyer Brothers of London, and
Speyer & Co. and Kuhn, Loeb Sc Co. of thi3 city, acting in
conjunction with an advisory committee composed of Louis
Fitzgerald, E. R. Bacon, Henry' Budge and William A.
Read of the Reorganization Committee, with Alvin W.
Krech [120 Broadway] as Secretary and William C. Gulliver
as Counsel. The depositories are the Mercantile Trust Co.
in this city and the London So Westminster Bank, limited, in
London. Deposits may be made on and after June 30. The
plan has the endorsement and recommendation of the follow
ing prominent banking firms :
J. P. Morgan & Go.,
j . s. Morgan & Co..
Brown Brothers & Co.,
Brown, Shipley <fe Co.,
Baring, Magoun & Co.,
Baring Bros. St Co., Limited,
Kuhn, Loeb <fc Co.,
Speyer & Co ,
Yermilye & Co.,
Speyer Brothers.
New Securities.—The plan provides for the immediate re­

tirement of all the company’s direct obligations; also for the
retirement of the Pittsburg Sc C onnellsville and Akron So
Chicago Junction bonds and for the readjustment of the Bal­
timore Belt loan. Various leased lines, as stated’ above, are left
for subsequent treatment, as Ì3 also presumably the Pittsburg
Sc ¡Western, to which no reference =is made. The aggregates




1235

amount, however, expected to be paid as rentals for leased
lines is included in the table of charges below, in the item of
$1,000,000 far rentals, etc. The plan provides that the reor­
ganized company shall create two new mortgages, each
having a first lien on a portion o f the road, namely a “ prior
lien” 3!^ per cent mortgage due in 1925 and a 4 per cent
“ first mortgage due in 1948.” The prior lien mortgage is
limited absolutely to $75,000,000, present issue $70,000,000,
and will cover all the equipment and 1,017 miles of road
(including the main line), extending from Baltimore to
Pittsburg, Wheeling and Parkersburg; in other words, the
eastern portion of the system, with the exception of the
Baltimore Terminal property, the Baltimore Belt RR. and
the line between Baltimore and Philadelphia. Of the $70,000,000 firsts to be issued, about $59,000,000 will be used to
refund the loans at present secured upon lines to be embraced
in the mortgage, viz.: The main line sterling loans; B. Sc O.
consols; Parkersburg Branch bonds; Pittsburg Sc Connelliville loans.
The new 4 per cent first mortgage will have a second lien
on the equipment and the lines embraced in the prior lien
mortgage, but a first lien on the lines from Baltimore to
± ailadelphia and from Akron to Chicago, with branches, etc.,
—570 miles o f road, including 35 miles of trackage; also on
the Baltimore Terminal property and on the Baltimore Belt
R R., when those properties are acquired. The present issue
is $59,000,0)0, of which about $3),0l>0,000 will go to refunding
bonds now secured on properties to be embraced in the
mortgage on which they keep their lien, including the B. Sc
O. Terminal bonds. Additional of the new 43 ($5,000,000)
may be issued in the future to take up the Biltim ore Belt
bonds, and $13,000,000 on certain terms and at a specified rate
per year for aiditions, extensions, etc.' The right is also re­
served to issue not exceeding $75,000,000 additional 4s to re­
tire the prior lien bond3 when due in 1925.
The new loans are described in more detail, with the pur­
poses to which they are to be applied, a 3 follows:
P rior lieu
gold bonds, due 19 25. to bear Interest from
July 1, 1898, and to be scoured by a mortgage upon the main line and
branches, Parkersburg branch and Pittsburg dlvisiou waeu acquired
by the new company, covering about 1,017 miles ot first track, and
about 964 miles of second, third and fourth traoks and sidings, and
also all the equipment now owned by the oompauy. of the value o f up­
wards of $20,000,0 >0, or hereafter acquired in any manner by the use
of the $34,000,000 reserved first mortgage bonds, as hereinafter
stated.
Total authorized issue in no case to exceed.. .......... ........ . $75,000,000
Of which to be reserved and to be issued only after
Jan. 1, 1902, at the rate of not exceding $1,000,000 a
year, for the enlargment, betterment or extension of
the properties covered by the prior lien mortgage, or
y oo'i.ooo
for the acquisition o f additions thereto.._...................
Present issue limited to............. . . . . . . . . . . . ....... ............. . ’7 0 ,0 0 0 ,0 0 0
Of which toward retirement of existing b o n d s .........
60,073,000
For purchase by syndicate to provide ca^h require­
ments of p la n ....... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
0 ,000,000
For contingencies (any surplus to new oom pauy)........
ga6,gro
a*

Ti

j

\

u i iu u s i u it o j u i y

L• 1?» i j i .

»m

sum oub

to call, in whole or in part, after July l, 1923, at 105. These bonds
will bear interest from July l. 13 a-», and be seoured by a mortgage
which will be a first lien on the Philadelphia, Chicago and A.kron di­
visions and branches and the Fairmount Morgantown <fe Pittsburg
RR , oovering about 573 miles of first track and about 332 miles of
second, third and fourth tracks and sidings, and also on the properties
now included tn the present Baltimore <fe Ohio Terminal mortgages o f
189', when said lines and properties are aoquired by the new com­
pany; also on the Baltimore Belt RR. if and when the same shall be
aoquired by the new oompany. They will also be a lien subjeot to the
prior lien mortgage upon the lines, property and equipment oovered
by the latter.
Total authorized issue in no case to exoeed........................ $165,000,000
Of which issuable only to retire prior lien bonds when
73000000
due in 1925, not to exceed ............ ................. .
Reserved to be issued for the enlargement, betterment
!
or extension of t i e railroads and properties cov­
ered by the prior lien mortgage, and also those cov­
ered by the first mortgage, or for the acquisition of
extensions or additions thereto or equipment for use
thereon, at the rate of not exceeding $1,509,000 a
year for the four years and at the rate of not exceed­
ing $1,000,000 a year thereafter.......................... .
2700000a
Reserve for new company............. .......... .........................
7,000000
Reserved to be issued only to retire Balt. Beit Line 5s... « 6000,000
Present issue limited to ............................................. .
5 0 ,0 0 0 ,0 0 0
Of which toward retirement of existing bonds.......... .
30 84,533
For purchase by syndicate to provide cash requirements of plan ........ ..................................................
12430,000
For contingencies (day surplus to new com pany)........

, ,
,
^
,

The capital stock of the old com piuy is $35,003,000 of com mou stock, $3,000,000 of 6 per cent first preferrei a n i $2,000,000 o f 6 per cent second preferred. The new stock issues
will be :
Four % non-cum ulative preferred stock (to he held
in voting trust as below stated) entitled to receive noncumulative dividends at the'rate of 4 per oent per an­
num before the payment of any dividend on the common stock. Total authorized issue................................... $40,000 000
Of which to be held as reserve for new oompany .. . . .
’ 3 000000
Present issue to be..
...................... ............... ................3 5 ,0 0 0 ,0 0 0
Of which for reorganization purposes (see table below )..
17,218700
For purohase by syndioate to provide cash requirements
_ o f plan ........................... . ............ ........................................
16, 430,000
For adjustment with various outstanding bondholders’
and stockholding interests, oontlngenoies &o., &e. (any
surplus to new com pany)............ .................... ............ .
1 ,331,300
Common stock authorized and present issue (to be held
in voting trust as belowstacel) to be.......... .........
. . . 3 5 . 0 0 0 .n n n
For reorganization p irposes........................ .......................
’ 31178 00 0
For adjustment outstanding sejurities, contingencies,
’ ’
<Sso. (any surplus to new company) ...... ...........................
3 s3, 000

Voting Trust.—Iu order to establish such control of the re­
organized company as shall secure a satisfactory manage­
ment of the property for a period of years, both classes^of
stock of the new company (except sach shapes as may be disP9|ed o f to qualify directors) shall be vests I in the f jib w iu *

THÈ CHRONICLE.

1236

five voting trustees for the period of five years: William
Salomon. Abraham Wolff, J. Kennedy Tod, Louis Fitzgerald
and Cnarles H. Coster. The voting trustees, however, in
their discretion, may deliver the stock at an earlier date, as
provided ia the trust agreement. In the meanwhile the v ot­
ing trustees are to deliver their certificates in the usual
form.
Exchange o f Securities.—The exchange o f the old stock
(upon payment of the cash contribution) and of the principal
of the old securities will be upon the following basis (as to
the overdue coupons sea foot note a . )________ ______ .
F ob each $1,000 ob £200
R e c e iv e s
g

E x is t in g B o n u s

and

Sto ck .

(A « to trea tm en t o f coupons tee fo o t nota a .)

Á

1
d

3

¡j
V- 4!
5 CO

rfi i

■3

S 4B:

1
f
n 0

0»
£2 sC*

tj ¿
> w
•

B . & O. loa n o f 1R53, ex te n d e d . $1,661,000..... $10’ . 0 $1.025 $125
126
“
con sol. M . Ss o f 18S7, $H,M88,liOO......... b20 83 1,050
120
10 47 I.O20
“
£ loa n o f 1872. £1,021.800........................
120
9 7« 1.-20
“
£ loan o f 1874, £1.090,600.........................
125
16 00 1.050
*•
P a rk ersbu rg B ra n ch 6s, $3,000,000....
20 00 1.025
12
P itts . & C on n ells. 1st e x t . 4s, $2,681,000..........
1,000
125
3T0
“
“
1st 7s, n o t e x t.. $1,419,000..
20 83 1.0(10
125
B . & 0 5s. loan o f 1885, $10 ,000 ,00 0...,..............
120
29 20 1.025
P itts . & Connells, c on . 6s, £1,3 2,000................
100 107(1
4 06
C h icago D ivision 5s, £1.382.200 . . .................
1.000
10 05
P h ila d elp h ia D ivisi >n 4 ^ s , £2,400,000.
1,000
3 75
B . & O. 41*8, term inal b on d s o f 94, $ ■‘,500,000,
1,000
8 33
A k r o n & C h icago J u n ctio n 6s, $1,500,' 00.......
*•
“
“
p f. stk., $600,000.;.
see“ c ”
B a ltim ore B e lt 6s. $6,000,000....... .•••••• ■—
W a sh . City & P o in t L o o k o u t 6s. $328,000........
O ld B. & O. stock i f payin g assessm en t (per
$100 share d ep osited )—
1st p r e f. $3,000,000, A ssessm en t, $ 2 . . . .......
2 d p r e f.,
$s,00o.0 " 0 ,
do
$20...........
C om m on, $25,000,000,
do
$20...........

if

O

$140
85
40
160
40

ÌÓ0
200
100
265
v60
250 $1,000
500

1,000

750
525
200 1.50.
200 1,000

a T h e cash sh ow n in th e a b o v e ta b le rep resen ts tn te -e s t at th e rate p ro v id e d
in t h e old b on d s, fro m th e d a te o f the last m atu red c o u p o n n e x i p re ce d in g
J u 'y 1,1898, u p t o th e d a te w h en t h e n ew b o n d s b e g in t o b e «r in terest, n am ely,
J u ly 1.1*98. A ll prev iou sly m atu red and unpaid in te re s t (e x c e p tin g th e u n ­
p aid co u p o n s o f t h e W a sh in gton C ity & P o in t L o o k o u t R ti.i w ill <>e paid in
cash as s o o n as p racticab le a ft e r t h e plan is d e darod o p e r a tiv e w ith in te re st
th e r e o n at t h e ra te o f 5 p e r c e n t per an n u m fr> m th e d ate o f m atu rity t u t o the
d ate w hen th e tam e is finally paid. O v e rd u e co u p o n s o f W a s h in g to n C ity &
P o in t L o o k o u t b on d s w ill n o t b e cash ed , an d m u st b e a tta ch e d t o b o n d s d e ­
posited .
,
„
.
1
..
,
. ,
b . T h e sy n d ica te has also a greed to p u rch ase f o r cash, u p o n th e p la n be in g
d eclared op era tiv e, all B. & O. co n s o l. 5s o f 1887 deposited w h ose h o ld e rs p r e ­
f e r all cash, at th e price (in N ew York) o f 110 a nd in te re s t accru e d a id u p a id
sin ce t h e m atu rity o f th e la st-p a id co u p o n , p r o v id e d t h e d e p o sito rs shall s ig ­
n i f y th e ir election t o r e c e iv e cash b y p re s e a tin g tneir certifica tes o f d e p o s it
a t eith er o f t h e depositaries w ith in s ix ty days fr o m J u n e 22,1898. S uch cash
p aym en t will b e oaid as soo n as t n e oU n is d e cla re d o p erative.
c . T h e p rop erties c o v e r e t by t h e B a ltim o re Balt M ae m ortgage w ill be le a se d
at a ren tal e q u iv a len t to in te re s t a t 4 per ce n t o n he e x is tin g B e lt L in e 5 per
cen t bon d s, w h ich is t o b e in full paym ent o f said in t e r e s t ; bur th e new c o m ­
p an y shall h ave an op tion t o pu rch ase all th e said B e lt L ine 5 per ce n t b on d s at
p a r and a ccru ed in terest a t any tim e w ithin five years o n 60 d a / s ’ n o t ic e , in
case th e c om p a n y shall n o t purchase said b on d s w ith in the rive years specified,
it w ill at th e te u in ation o f th a t p e rio d assum e th e u ltim a te p aym ent, w h e n
due, o f th e principal o f sueh b o n is.

Cash Requirements.—The estimated cash requirements as
of July 1 1898, under the plan are as follows :
Unpaid interest........ ............................................................
To provi ie for existing oar-trust receivers’ certificates
and other existing obligations.................................... .
For floating debt, improvements, equipmeut, working
oapital of new company, reorganization expenses, eto.

$4,565,375
19,192,225
12,334,900

Total requirements............................. ............................. $16,092,500
Of which the syndicate w ill contribute...............................
3 ^i59st500
The sale of securities in treasury (including the $3,800,000 stock of the Western Union, sold this week, see
Western Union below), estimated to yield............•.........
3 500,000

,

Position o f Sew Company,—The position o f the new com­
pany is indicated by the follow ing:
^

Estimated net earnings for the flsoal year ended June 30,
1898, after deducting about $251,000, representing tbe
decrease in the amount of miscellaneous income which TJffl
will bo occasioned by the proposed sale of securities in
the treasury and the cancellation of sinking-fund Invest­
ments under the reorganization............. ............. .................$7,724,785

Deduct all charges, viz.:
$70,000,000 prior lien 3 'a per cents......................................... $2,450,000
$50,060,000 first mortgage 4 per cents......................... ......... 2,000,0u0
Estimated rentals and charges, including rental of Belt
Line as to-be adjusted___......................... ............................... 1,000,000
Taxes (if foreclosure is necessary the exetuptlon of the old
oompany may be lost and the annual taxes he increased).
525,851
Terminals___.......................................
202,000
Ground rents and mortgage interest............................. .
75,000
Total charges of new oompany............................................86,252,351
Balance surplus [equal to about 4 per cent on $35,000,000
preferred stock]....................................
$1,472,434

is also due and payable. The Finance Company took up the
certificates when dne and is to receive 6 per cent interest on.
them until they are paid. —V. 66, p. 1187.
Baltimore & Ohio RR.—Central Ohio R R .—Col ambus &
Cincinnati Midland RR.—Newark Somerset & Straitsville
RR.—Sandusky .Mansfield & Newark »tR.—Schuylkill
R iver East Side Side R R .—Notice to Holders o f Leased Lines
Securities.—Holders of bonds or stocks of the following
leased lines companies are requested to communicate with
the advisory committee mentioned in the following item,,
giving the amount of their holdings :
Central Ohio RR.,
Schuylkill River East Side R R „
Columbus «fe'Ciuoin. Midland RR., Winchester & Potomac RR.,
Newark Somerset <fc Scrattsv. RR., Winchester & Strasuurg RR.,
Sandusky Mausfleld & Newark RR.

In order to deal with these leased line securities, the B. Sc
O. reorganization managers say it is necessary to consider
each case separately and upon its merits. After hearing
from the holders of a large proportion of each class of said
securities the matter of adjustment will be considered.—V .
66, p. 1187, 953; Y . 65, p. 974, 1116.
Brooklyn Elevated RR.—No Deposits A fter July 11.—Re­
ferring to the notice of the reorganization committee under
date of May 14, cal'ing for the fourth aad last instalment o f
the amounts to be paid by the security holders, Chairman F„
P. Oicott gives notice that after July 11 no farther deposits
of securities or amounts dne thereon will be received except
on payment of such penalty as may be imposed by the com?
mittee.—V. 66. p. 1187.
Buffalo Kenmore & Tonawanda E lectric By.—Receiver.—
Albert C. Emmerick has been made receiver of this road,,
which extends from Buffalo to Tonawanda, 5% miles. The
Fidelity Trust & Guaranty Co. of Buffalo has Drought suit
to foreclose the first mortgage for $55,000, interest on which
is in default. For the year 1896-97 the gross earnings were
$6,371.—V. 66, p. 1043.
California Beet Sugar & Refinery Co.—Mortgage fo r $1,000,000. - This company has made a mortgage to the Califor­
nia Safe Deposit & Trust Co., as trustee, to secure $1,000,000
of 6 per cent gold bonds, payable in fifteen years, with in­
terest payable semi annually. The mortgage covers the re­
finery, factory, warehouses, wharves and machinery of the
company's plant at Port Costa, near the town of Crockett,
formerly known as the Starr Mills. [A statement of the beet
sugar factories in the Uaited States was in V. 66, p. 133.—
See also item headed American Sugar Refining Co. for esti­
mated output of all American refineries in Y. 65, p. 1069.];
R. P. Rithefc is President of the California Beet Sugar & Re­
fining Co.
Carolina T raction Light.& P ow er Co. o f Columbia, S. C—New Company.—This company has been organized with
$500,000 capital stock, and it is reported will purchase the
present street railroad and possibly extend it. Among those
interested are F. A. Weaton, of Columbia; F. F. William#
and Willet Hazard, of Buffalo, N. Y.
Chicago & Atchison B ridge—Chicago & Eastern Bridge
Co,—Reorganized Company.—The Chicago & Eastern Bridge
Co. has been incorporated in Kansas, with $650,000 of capital
stock, as successor of the Chicago & Atchison Bridge Co.,
sold under foreclosure on March 4. 1898. The plan of reor­
ganization, which was in the C h r o n i c l e of Aug. 38,1897,
page 866, provides for the issue of $665,000 of first mortgage
80-year 4 per cents. The directors of the new company are
W. W. Guthrie, W. F. Gu hrie, W. W. Guthrie, Jr., W. D. Todd, H. H.
Todd, G. F. Ohaves, Norman Barratt and C. G. Bacratt of Atchison;,
L. F. Bird and A. F. Smith of Kansas City and Theodore A. Fowler of
St. Joseph.—V. 66, p. 520.

Chicago City Ry.—Reports o f New Stock Issue.—The re­
ports that the company will issue $2,000,000 of new stock, to
defray the cost of the $950,0 )0 General Electric and other
expenditures, are officially denied, but there is a disposition
to look upon the denials as more or less “ technical.” —V. 66,
p. 1188.
Chicago & Eastern Illin o is R y.—$1,628,900 New Stock.—
The company has notified the New York Stock Exchange
that the issue of preferred capital stock is to be raised from
$4,830,7<!0 to $6,459,600, an increase of $1,623,900. The new
stock will reimburse the treasury of the company for the
cost of the road from Shelbyville to St. Elmo and from Sidell
to Rossville. Of the new preferred shares $638,000 will re­
main in the treasury for future uses. The remaining $1 000,000 has been sold and the money expended in general im ­
provements, for air brakes and other improvements required
by the Inter-State Commission, for the retirement of car trust
notes, and in payment of obligations to the Chicag > Paducah
& Memphis, acquired in March, 1897.—Y. 66, p. 1139.
Chicago Indianapolis & L ouisville Ry.— $109.000 Bonds
Listed.—The company has list d on the New York Stock
Exchange $109,000 additional 5 per cent refunding mortgage
scold coupon bonds, making total amount listed to date
$3;<)18.0 0. The new issue is a portion o f the $3,09¡,000
authorized by the mortgage to be issued for new property,
etc., subject to the provision that tbe same shall not be issued
in excess of $300,000 in any one year.
Annual Statement.—For the year ending June 30, 1898, the
earnings, etc., partly estimated, were:

“ The fixed charges of the new company will thus be well
within the past net income of the property—even that of the
last fiscal year of extreme depression. The new company
will be relieved from floating debt and the embarrassment
o f car and wheelage trust payments, and will start, not only
with a substantial working and cash capital, but also with
power to provide facilities for the increase of business.” The
annual fixed charges for the year ending J une 80, 1897, were
$7,771,111, so that the decrease in fixed charges will be
$1,518,760.
Quotation fo r New Securities.—The new securities are
quoted at 98 <>94 for the prior liens, 85@8S for the fours and 55
bid for the preferred stock.
Sale o f Western Union Stock.—As to the sale of the
$3,800,f OO Western Union stock held by B. & O. see tbe item
regarding the W. U. Company below,
Temporary Extension o f Car Trusts.— An agreement, it is
stated, has been made by the receivers with the Finance Co.
G ross
of Pennsylvania, extending the time for payment of three
Y ear.
e a r n in g s .
instalments of $1<’0,000 each of car trust certificates (which
1897-8.....$3.322,647
were payable respectively on April 1,1896, 1897 and 1898), to 1896-7....... 2,908,760
April 1, 1899, when the tenth and last instalment of $100,000 —Y. 65, p. 194.




[Y o l. L I V I

N et
e a r n in g s .

$967,569
860,322

D iv id e n d s
r e ce iv e d ,

$74,400
74,400

In terest
a n d r e n ta ls ,

B a ta n e e ,,
s u r p lu s .

$955,450
$86,519
............. .

-June 25 1898.]

1237

THE CHEONICLE.

Chicago P eoria & St. Louis HR.—Earnings —Following mortgage 6s, which were recently sold. The latter bonds
were received from the Minnesota Iron Co. in settlement o f
is a statement for the ten months ending April 30, 1898 :
indebtedness due from the Iron Company, and the proceeds
E arnings —
I Expenses —
Freight.............................. $559,138 Maint. of way and stru ct. $63,435 will be used in providing additional equipment, yards and
Passenger........................ 110,130 I “
“ equipment..’— . 92,392 dock facilities, and in the const ruction of the Stewart River
Mail................................... 10,522 Conduotina transports.. 327.879 branch and other improvement s and betterments, including
Express. .. ......................
7,471 General expenses........... 41,252 reduction of grades.
The total amount of first mortgage
Miscellaneous.................. 4 4 ,47 1 1
------------------------Total............................$524,958 5s listed to date is $6,734,000; of second mortgage 6s, $2,Total............................ $731,732 |
------------- 000,010.— Y. 66, p. 288.
Net earnings...................................................................... .....$ 2 0 6 ,7 7 4
Other receipts............................................................................. .
15,122

Total n et in com e........................................................................ $221,896

Charges accruedagainst aboveincome—

Interest on bonds..................... ......................................... ............ $81,467
Other interest and com m issions.................................................. 93,544
T ract rentals.......................................... .......................... —.......... 38.750
Taxes........... .........................
20,800
Betterments................................... - .................................................
3.321
Oar trusts maturing during same period.................................. .
70,714
Total charges (including principal of car trusts)................ $303,596
Balance, deficit.......................................................................... $86,700
—Y. 66, p. 1044.

Chicago Rock Island & P acific R R .— Bond Sale.—The
subscription for $5,000,010 general mortgage 4 per cent gold
bonds at 103^ and accrued interest was opened at the office
of Speyer & Go. Thursday at 10 o’clock. These bonds are in­
cluded in the $43,436,000 now listed on the Stock Exchange.
—V. 66, p, 1089, 1091.
Commercial T rost Co., New Y ork.—New Company.—This
trust company which is being organ-;
ixed in this city. Prominent among its incorporators will be
a number of officers of the Postal Telegraph and Commercial
Cable companies. The list includes :

is the name of a new

Albert B. Chandler. George G. Ward, Fellowes Davis, Clarence H.
Mackay, Samuel H. Kissam, Samuel j . Harriot, William H. Baker,
Edward C Platt, Philip T. Dodge, Robert H. Swayze, George J.
Laighton, Charles E. Bulkley. Vernon C. Brown, George H. Sargent,
James R Plum, William W. Cook and Charles H. Roberts.

The capital of the new company is to be $500,000, and it
w ill have a surplus of $250,000.
Consolidated Gas Co. o f P ittsburg.— Bonds Over-Sub
scribed —The $3,500,000 first mortgage 5 per cent gold bonds
offered last week by Brown Brothers and Alexander Brown
& Sons were over-subscribed within an hour.—Y. 66, p. 1188.
Dayton (0 .) T raction C o .-C in cin n a ti & Miami T alley
T raction — L°ase.—The Philadelphia Stock Exchange has
listed the $250,000 common stock of the Dayton Traction Co.,
whose property has been leased for 999 years to the Cincin­
nati & Miami Yalley Traction, as appears from the following:
The railway of the Dayton Traction Co , running from Dayton to
. Miamisburg, Ohio, was, under agreement dated April 9, 1888, leased
to the Cineinnati & Miami Valley Traction Co. for 999 years. In acoordance with the lease the Cineinnati & Miami Valley Traction Co.
guarantees dividends on the stock of the Dayton Traction Co. at the
rate of 2 per cent per annu a, beginning April 18, 1898; 3 p. o. per
annum from Jan. 1 .1 89 9 ; 3*2 p. o. per annum from Jan. 1,1900, and
thereafter under certain contingencies to Increase ^ P- 3. per annum
until the dividend rate is 6 p. c. per annum, and to he at the rate of 6
p. o. per annum without qua'ideation after Jan 1, 1905. Funded
debt: $2*0,000 first mortgage 5 per cent gold bonds due July 1,1916,
the interest upon which the Cincinnati & Miami Valley Traction Co,
has agreed to pav over to the Dayton Traction Co.; also $50,000 de­
benture void 6s due March 1, 1913, of which $20,000 are to be de­
livered to the Cincinnati & Miami Valley Traction Co. upon pay­
ment by It of certain paving assessments not yet due. The princi­
pal and interest of the debenture bonds has been assumed by the Cin­
cinnati & Miami Valley, whtoh company is to lay aside $2,000 yearly
as a sinking fund for said debenture bonds, commencing the first day
o f July, 1898, and to pay no dividends to its shareholders la any year
until the said sum of $ ,000 shall have been laid aside and all arrear­
ages thereof. No floating debt.

Des Moines W ater W orks Co .—Sale to City Agreed Upon
— Transfer to be M"de July 1, 1899.— A press despatch from
Des M fines, June 16. says the sale of this property to the city
•of Des Moines for $850 000 has been agreed upon, possession
to he taken July 1, 1899. The despatch says :
A t a conference of the City Solicitor, the citizens’ committee and a
■committee representing the bondholders of the Des Moines Water
Works Co. to-day, it was agreed that the water works plant should be
-sold to the city for $850,000, the transfer to be made on the 1st of
July, 1899, providing that the City Council will ratify the contract
and that when the matter is presented to the people at an election
they will give their consent. There is no doubt that the purchase will
be authorized. The city agrees to reduce the assessment on the water
works plant for the years 1897.1893 and 1899 from $150,000 to
$100,Of 0. The agreement Is a victory for the city, as the $850,000 is
■the city’s offer, the company having originally asked $1,000,000 for
the works.

The counsel for the bondholders, Mr. William A. Under­
wood, 40 Wall Street, is now in the West in connection with
this matter. It is expected the settlement agreed upon will
give the consolidated mortgage bondholders about 92 per
«cent of the face value of their bonds. There are outstand­
ing $135,000 Adele College bonds, $665,000 consolidated bonds
and $75,000 third mortgage bonds.
D etroit City Gas Co.—$428,000 Additional Bonds Listed. —
T he New York Stock Exchange has listed an additional
$423,000 5s of 1933, which have been issued in exchange for
bonds of the Detroit Gas Co., as follows: $403,000 consolidated
bonds and $25,000 income bonds. The 1 5 0 0 .0 0 0 consolidated
bonds of the Detroit Gas Co. (predecessor of the Detroit City
Gas Co.), which had been reserved for a fuel gas plant, but
never issued, have been cremated.—V . 66, p. 810.
Dulnth & Iron Range R R .—Additional Bands Listed.—
The New York Stock Exchange has listed an additional
$402,000 first mortgage 5s issued on account of 10 60 miles of
additional single track railroad and 11*5 miles of second main
sitrack or double track railroad; also $1,000,000 of second




F all R iver & Newport E lectric R R .—In Operation.—The
company began operating through cars between the two
cities June 19.
Fulton Chain R R .—New York Central & Hudson R iver
R R .— Leased.—The Fulton Chain RR., extending from Ful­
ton Chain, on the Adirondack & St. Lawrence Road, to the
village of Old Forge, about two mile3, has been leased to the
New York Central. The Fulton Chain Co. on June 30, 1897,
had outstanding $35,000 o f capital stock and $35,0(>0 of 5 per
cent first mortgage bonds due June, 1901.—Y . 66, p. 1140.
Great Northern.—Eastern Ry. o f Minnesota.— New M ort­
gage F ded. —The new mortgage for $15,0 0,<>00, referred to
in our issue of March 5. 1898, as securing, the $5,000,000 of
bonds sold to Kuhn, Loeb & Co., is now being filed by the
Eastern Minnesota Ry. Co. The Mercantile Trust Co. is
mortgage trustee. The proceeds of the $5,000,000 sold will
be used for the construction of the extension from Fosston to
Duluth. Toe-remainder of the new mortgage will provide
for future requirements, including the retirement of the
present issue of $t,700,000 5 per cent bonds of the Eastern
Minnesota at their maturity in 1908.—V. 66, p. 1188,471.
Illin o is Central R R .— Bonds Listed.—The New York
Stock Exchange has listed the $2,000,000
per cent, Springfield Division first mortgage gold coupon bonds of ,951. The
following is given regarding the loan:
Authorize«! issue, $2,000,000, trustee. United States Trust Co. T h e s e
bonds are the direct obligation o f the Illinois Central, are secured by
a mortgage made by the Chicago & Springfield RR. Co. and the Illinois
Central RR. Co. to the United States Trust Cfo. of New York as trustee,
under dat* of Sept. 23? 1897, and were issued to retire an equal
amount of Illinois Central, Springfield Division, first mortgage 6s of
1898. The Springfield Division, covered by the above mortgage, runs
from Gilman to Springfield, III., about 111 miles. The mortgage of
Dee. 1, 1877, has been duly satisfied and discharged of record.

There also have been listed $1,352,090 Chicago St. Lonis &
New Orleans consol. 3 ^ s of 1951. These bonds were fully
described in V. 65, p. 1071. They are guarauteei by the Ill­
inois Central as to both principal and interest. In this re­
spect they differ from the remainder of the consolidated loan
which is composed of 5 per cents, guaranteed as to interest
only, See, however, V. 56, p. 696.—V. 66, p. 1140.
International Paper Co.—F irst Dividend.—The directors
have declared a quarterly dividend of 1% Per cent from net
earnings on the preferred capital stock, payable July 11,
1898, to stockholders of record of June 25, 1398. The com ­
pany was or anized Jan. 31 ult., with authorized .capital
stock of $45,000,000, of which $25,000,000 6 per cent cumula­
tion preferred. Warner Miller is Secretary with office at 30
Broad Street.—See Y. 66, p, 288.
Lake Shore & M ichigan Southern R y.— Dividend In ­
creased.—The semi-annual dividend payable July 29 has been
increased from 3 per cent to 3*^ per cent. Six per cent per
annum has been the uniform rate since 1892.
Stock Mostly Exchanged.—The Lake Shore collateral gold
bonds of the New York C ntral & Hudson River KR. Co. to
the amount of $72,896,000 were listed this week on the New
York Stock Exchange. The statement to the Exchange
shows that o f the $50,000,000 of Lake Shore stockoutstanding
$44,883,712 has been acquired by the Central, leaving only
$5,116,288 afloat, and this last amount includes $533,500 of
stock that is guaranteed 10 per cent. The remaining collat­
eral bonds deliverable in exchange for the stock acquired are
being issued as rapidly as possible.
Earnings.—For the six months ending June 30, the figures
for 1898 being partly estimated, earnings have been reported:
6m os.

G ross.

N et.

C h a rges.

D iv id e n d s .

1898 .$10,158,782 $3,214,452 $1,410,000 $1,731,327
1897.. 9,560,851
3,119,685
1,680,000 1,433,995
- V . 66, p. 1140.

B a la n ce.

sur.$73.125
def.44,810

Lake Street Elevated R.R.— Decision Affecting Trust
Companies in Illinois.—The Illinois Supreme Court on Mon­
day affirmed the decision of the lower courts, which held
that the Farmers Loan & Trust Co. was not competent to
serve as mortgage trustee because of its failure to deposit
$200,000 with the State Auditor. The decision, it is thought,
may ultimately affect other foreign trust companies doing
business in Illinois, as few, if any, it is said, have complied
with the statute in this respect. The case will probably go
to the United States Supreme Court.—Y. 66, p. 759.
L ittle R ock & Memphis R R .—Sale Postponed Till Oct. 25.
—The foreclosure sale has been again postponed, this time to
Oct. 25.— Y. 66, p. 954.
Manhasset Steamship Co.— Incorporated.—This company
was incorporated at Trenton, N. J., June 20. with a capital
stock of $1,0( 0,0 0, bv John S. Woodruff, C. B. Smith and
H. M. Hewitt, all of New York.
M etropolitan Street Ry. o f New York City.—$10,000,000
New Stock.—Official announcement is made o f the company’s

intention to increase the capital stock from $30,000,000 to

1288

THE CHEONICLE

[V ol. L X V l.

$40,000,000. Of the new stock, $6,000,000 will be devoted to the
retirement of debentures and $4,000,000 to betterments and im
provements, including, it is understood, the change of mo­
tive power in Sixth and Eighth avenues and in some of the
cross-town streets, to underground electricity.
Change o f Motive_ Power.—The company expects to have
the Eighth Avenue lihe below 59th Street in operation with
electricity by Nov. 1. The company proposes also to build
within a short time an electric road from the Columbu 3 Mon­
ument to the company’s stables at Eighth Avenue and 50th
Street.
The material for the Sixth and Eighth avenue
roads has been in hand for some weeks, and it is stated the
only reason for delay in the installing of the underground
trolley system has been the impossibility of providing more
power before October or November.—V. 66;p. 1045.

All shares of stock so acquired are to be held in trust, as collateral
security, by the Guaranty Trust C j. of New York, Trustee. The
bonds are a direct obligation-of the New York Central & Hudson
River RR. Co., and it is provided that the oompany will not hereafter
make any mortgage upon its railroad or upon any substantial part
thereof without including therein the bonds of this Issue. The issue
consists of ooupon bonds of the par value of $1,009 each and of
registered bonds of $1,000, $5,090, $10,000 and $50,000.
The entire issue will mature on Feb. 1, 1998, interest thereon being
payable on Feb. 1 and Aug. 1 in each year, both principal and Interest
Deing payable at the office or agency of the railroad oompany In the
city of New York, in gold coin of the U aitel States of the standard o f
weight and fineness as it existed Feb. 1, 1893. The ooupon bonds
carry coupons for the payment of interest as therein provided, and
provision is made for the registration of the principal of the same, and
also for the issuance in -xchange therefor of registered bonds, In de­
nominations stated above; all transfers of bonds to be made on the
books of the railroad oompany. at its office or agenoy at the Grand
Central Station, in the city of New York.

M ichigan Central.—Stock Acquired by New York Central.
—Of the M. C. company’s $18,738,000 o f capital stock, the
New York Central has acquired $12,748,300. The collateral
bonds secured by a portion of the stock acquired were listed
this week on the New York Stock Exchange—see New York
Central item below.
Earnings.—For the six months ending June 30, figures for
1898 being partly estimated, earnings have been reported:

Increase o f Dividend on Lake Shire Stock.—The increa 3e
this week in the semi-anmal dividend on the Lake Shore
stock from 3 to 3 ^ per cent is base I on the expansion in that
company’s net income, due to a reduction in fixed charges
through refunding of high-rate bon is
The higher rate
covers fully the semi-annual charge to the Central on ac­
count of the Lake Shore collateral loan.—V. 66, p. 1140.

o m onths.
Gross.
1808 ( E s t .) , .. . $6,972,000
1897.............. . 6,554,000

__ .
N et.
$1.752,000
1,740,000

_
To
D iv i- Balance,
Charges. ! Canada So. dends. surplus.
$1,212,000
$130,000
$374,760 $15,240
1,206,000
152,000 374,7*0
16,210

The usual 2 per cent dividend was declared this week, pay­
able July 29.—V. 69, p. 1002.
Minnesota Transfer Ry.—Minnesota B elt Line Ry. &
Transfer Co.—Purchased.—The stockholders o f the Minne­
sota Transfer Co,, a union road, whose stock is held by all
the railroads entering Minneapolis and St Paul, except the
St,„Paul & Duluth and Soo lines, voted on Wednesday,
June 22; to purchase the New Brighton stock yards and
the Minnesota Belt Ry. & Transfer line, 11 miles in length,
extending around Minneapolis and St. Paul, properties form
erly owned by the bankrupt Minneapolis Stock Yards &
Packing Co. It is expected that the entire stock transfer
business of all the railroads entering Minneapolis and St.
Paul will in the future be done at New Brighton instead of
the Minnesota Transfer. The price to be paid is not made
public, but it is reported in Minneapolis as about $400,000,
payable in bonds.
The Minnesota Transfer Ry. Co. owns 8 miles of road, with
stock-yards, etc., and has outstanding $56,000 of capital stock,
owned, $7,0b0 each, by the following eight companies, and
$896,000 of first mortgage 30-year 5s, due Aug. », 1916, the
latter partly owned by the companies named, the amount
held by each, at last accounts, being as here indicated :
Chicago Milwaukee & St. Paul, $112,000; Northern Pacific, $103.000; Chicago St. Paul Minneapolis & Omaha $L 12,000; Minneapolis
& St. Louis $97,00;i; Wisconsin Central $3,742; Chicago Burlington &
Northern, none; Great.Northern.'$3,000, Chicago Great Western, none.

New R ailroad B uildin g in the F irst H alf o f 1898.—Com­
pilation.—The “ Railroad Gazette ” has compiled its prelim­
inary statement of the mileage of new railroads built in the
United States during the first half of 1893. The total is 1,092
miles, and the number o f companies concerned 82. The
largest mileage by any one company is that of the Mobile &
Ohio, which built 97‘6 miles, completing its extension to
Montgomery, Ala. Next come the El Paso & Northeastern,
with 86 miles, and then the Shreveport & Red River Valley,
with 45 miles.
New York Central & Hudson R iver R R .—Quarterly.—
Earnings for the quarter and the twelve months ending June
80,1898, have been reported, the figures for 1897-93 being
partly estimated:
S mos.end. Gross
yet
First
Dividends
Balance,
June 30— earnings.

earnings.

charges.

paid.

1898*....$11,377,000 $3,562,000 $2,538,000 $1,000.000
1897....... 11,208,251
3,941,167
2,680,029
1,000,000

12 m os.—

surplus.

$24,000
261,138

1897-8*..$46,475,000 $15,049,000 $10,334,000 $4,000,000 $715,000
1896-7... 44,280,139 14,631,993 10,580,126
4,000,000
51,867
‘ Partly estimated.

Listing o f Collateral Bonds Secured by Lake Shore and
Michigan Central Stock.— The company has listed this week
on the New York Stock Exchange $72,896,000 Lake Shore
and $5,000,000 Michigan Central collateral %% per cent gold
bonds.
The total capital stock of the Lake Shore & Michigan
Southern Railway Co. is $50,000,000, of which the Central has
acquired to date $44,883,712, leaving only $5,116,288, or alittle
over 10 per cent, afloat. The unexchanged stock includes
$533,500 that is guaranteed 10 per cent dividends. The Ex­
change, it will be remembered, is made on the basis of $200 of
bonds for each $100 of stock, and the total loan to be secured by
Lake Shore shares exchanged and deposited in trust is limited
to $100,000,000. A considerable amount of bonds is therefore
deliverable in exchange for the stock already acquired. These
bonds are being issued as rapidly as possible.
The total capital stock of the Michigan Central RR, Co. is
$18,738,000, of which the Central has acquired up to date
$12,748,300, leaving $5,989,700, or less than a third, still out­
standing. The exchange in this case, however, has been in
progress only about two months, contrasting with
twice that period in the case of the Lake Shore. The Michi­
gan Central loan is limited to $21.550,000, and the exchange
is at the rate of $115 in bonds per share o f $100,
The following, applying equally to^jboth loans, is *ro
he
official statement to the Exchange




New York New Haven & Hartford R R .—New Stock to be
Listed.—The company, beginning on July 7, 1893, will from
time to time increase its capital stock, now $47,633,200, in
the sum of $7,100,000, making its total capital stock, when
the proposed increase shall have been fally issued, $54,733,200.
The new stock embraces 6 >,009 shares, which are to be issued
in exchange for shares of ths New E igland R R. Co., and
6,000 in exchange for shares o f the Shepaug Litchfield &
Northern RR. Co. O f the new stock, $3,748,9 JOwill be issued
on account of the shares of said companies now in the treas­
ury of the N. Y. N. H. & H. The New York Stock Exchange
has authorize! the listing of $3,351,090 of the issue oa July
5, 1893.—V. 66, p. 1189.
P acific Coast Co.—First Divilend.—This company, suc­
cessor of the Oregon Improvement Co , has declared a divi­
dend of 5 per cent on the first preferred stock a u i 1 per cent
on the second preferred stock, payable at the Manhattan
Trust Co. on and after July 20th, 1893.—V. 68, p. 1190.
P eople’s Has Light & Coke.—Bonds Listed.—Tad New
York Stock Exchange has listed the $5,000,000 o f Mntuai
Fuel Ga3 first mortgage 5s.—V. 68, p. 1017.
Poughkeepsie & Eastern Ry.— Receiver.— At Poughkeepsie,
Jane 17, Judge Barnard appointed Joseph J. Slocam of New
York, brother-in-law of Russell Sage, the owner of the road,
temporary receiver. The line extends from Poughkeepsieto
Boston Corners, 35 miles, and is paralleled by the Poughkeep
Bridge road. For the year 1898-97 it had gross earnings of
$41,720 and a deficit from operation (after deducting taxes)
of $9,447.—V. 66, p. 1190.
Richmond Ry. & Electric.—V irginia E lectric.— Litiga­
tion.—Sait has been instituted in the Court of Common Pleas
of Baltimore by the Virginia Electric Co. of Baltimore
against the Richmond Railway & Electric Co. of Richmond,
Va., for $500,090. The plaintiffs obtained a franchise from
the Richmond City Council to furnish and sapply electric
light and'pow er. Taey expended, the bill says, in sarveys
and experimental work the sum-of $30,009 and made a large
number of contracts. On Jane 24,1)97, the defendant com ­
pany agreed to guarantee the bonds of the plaintiff com ­
pany to the value of $1,009,000, and to take, upon the com ­
pletion o f the works, electricity to the amount of 1,500
horse power for the period of fiye years It is claimed that
this agreement was part of a fraudulent scheme to embar­
rass the plaintiff and delay its work ; that the defendant
company never intended to carry out its coutracts, and was
not in condition to do so. By its alleged fraudulent proceed­
ings the time for completing payment upon conditional con
tracts has expired, and damages are claimed for $509,0)0.
Richmond Ry. & Electric interests say that their company
is in nowise involved in this claim, that it is a matter o f the
interpretation o f certain negotiations between the Virginia
Electric Co. and Mr. George E. Fisher iniividually.
Seda-lia W ater & Light Co.—Default.—The coupons due
on the first mortgage bonds are in default. The city, it is
stated, has withheld the hydrant rental a id may bring suit
against tbe company for failure to supply sufficient water.
In December the company was reported as having 34 miles
of mains; average consumption, 1,50),000 gallons; author­
ized capital stock, $50),009 ; mortgage 6s, due 1923, $500,009,
of which $269,010 outstanding and remainder held for exten­
sions; floating debt, $10,099; President, J. B. Q iigley.
Southern Ry.—K n oxville Cumberland Hap & L ouisville
R y.—Merger Pending.—The stockholders of the Knoxville
Cumberland Gap & Louisville Ry. Co. will vote Jane 27,
1898, on “ a proposition to convey the railroad property and
franchises of sai* company to the S cutheru R til way Co.” The
road extends from Knoxville, Tenn , with tunuel, to Cumber­
land Gap, 70 mile3, and was purchased by tbe Seutbern Ry.
ia April, 1893. A mortgage for $1,509,009 was executed in
March, 1897.
Bonds Listed.—The New Y ork Stock Exchange has listed
$5,083,090 o f the Southern Ry. Memphis Division 4-4J^-5 per
cent gold bonds 1996.—V. 66, p. 1141; V. 63, p. 331.
Spokane Falls & Northern R y.—Northern Paeiflc R y.—
Purchase Completed.—TO a sale o f the Spokane Falls &
Northern to J. P. Morgan
Co., acting in the interest of the

J une 25, 1898,]

THE CHRONICLE.

1239

Northern Pacific Ry., has been completed, but the terms are
3£Iie f o r n n e r e m i T i m e s .
not made public. The sale includes the allied Columbia &
Red Mountain and the Nelson & Fort Sheppard roads, mak­
ing 218 miles of road in al).— V. 66, p. 1190.
COMMERCIAL EPITOME
Standard O il.—Assets o f Constituent Companies.—John
Friday N ight , June 24, 1898.
D. Rockefeller has furnished Attorney-General Monnett of
Ohio, in the suit pending in that State, the following state­
Naturally
with
the
approach
close o f the first half
ment of assets (not cash as reported in the daily press) of the of the calendar year, merchantsofinthe
many lines of merchan­
constituent properties at the time of their union in 1892 :
dise have been giving their attention to taking account of
Anglo-American 011Co.$6,913,639 Ohio Oil Oo.................... $8,260,378 stock, etc., usual at this season of the year; consequently
AtlanticRefinins: C o.... 8,631,376 Solar Refining Co.........
711,793
Buckeye Pipe Line Co.. '7,941,038 Southern Pipe Line Co. 3,021,654 the volume of business transacted has been very moderate
Eureka Pipe Line C o... 1,547,055 Standard Oil Co., Ind . 1,038,518 although in some lines clearing sales, to make room for fall
Forest Oil Co................. 3,528,813 Standard Oil C >., K y ... 3,604,«00 goods, have been conducive to an active trade. The adjust­
Indiana Pipe Line Co... 2,014,053 Standard Oil Co., N. J.. 14,983,943
National Transit C o__ 25,796,712 Standard Oil Co., N Y .16,772,186 ing of the new revenue laws has been a subject of much in­
New York Transit Co.. 4,999,300 Standard Oil Co., Ohio. 3,426,014 terest and appears to be making satisfactory progress. A p ­
N. W. Ohio Nat. Gas Co. 1,396,760 Union Tank Line C o... 3,057,187 plications for the new Government bonds have continued on
The Union Tank Line Co., it is stated, was the only one of a large scale, indications being that the demand from the
these companies which did not pay a dividend in 1897, the small subscribers will be sufficient to absorb the entire issue.
Crop accounts have been generally of a favorable nature.
amounts ranging from $29,000 up.—V. 66, p. 1187.
Lard on the spot has had a moderate sale, as there has
Texas & Pacific Ry. —Bonds Listed.—There were listed
this week on the New York Stock Exchange $167,000 first been something of a demand from refiners. Exporters, how­
mortgage 5s o f 1888 that were reserved to redeem the school ever, have continued indifferent buyers; prices weakened
fund loan o f the State of Texas, which loan has been paid slightly at the close, final quotations being 5'95c. for
off and canceled. The total amount of first 5s listed to date prime Western and 5*25c. for prime City. Refined has had
only a small sale and prices have weakened slightly, closing
is $31,216,000.— V. 66, p. 1046.
a t6 ‘25c. for refined for the Continent. Speculation in the
Union Trust Co. o f P hiladelphia.—Reduction o f Capital market for contracts quiet, and prices declined under selling
Stock.—The stockholders will vote Aug, 16 on a proposition by packers and increased receipts of swine, closing easy.
to reduce the capital stock from $1,000,000 to $50o,000 by
DAILY CLOSING PRICES OP LARD FUTURES.
lowering the par value of the stock from $100 to $50 a share.
I f on.
Tues.
Wed.
Thurs. F r i.
The reduction will save the company $20,000 annually in July delivery................ c. 6Sat.
07
6-10
6 05
6 ‘02
6-10
¡5-92
State taxes, and enable it to show a surplus of $100,000.
Pork has had a limited sale, but it has been at easier prices,
United States Mortgage & Trust Co.—Bonds Listed.—The closing at $10 25@10 75 for mess, $12 25@13 00 for family and
New York Stock Exchange has listed the $5,000,000 real $12 00@13 75 for short clear. Cut meats have been in fair de­
estate first mortgage collateral trust gold coupon bonds, series mand from the home trade, and prices have held fairly steady,
B, C, D, E and F.
closing at 51£@5,%c. for pickled bellies,12@10 lb 5», average, 7]^
Dividend Increased.—The company has declared a semi­ @8c. for pickled ham3, and 4@4j^c. for pickled shoulders.
annual dividend of
an increase of %.%.
Beef has been dull but steady, closing at $9 50(5)10 50 for mess,
W ar Revenue Tax.—Stock Exchange Rules and Cal $ ll @ ll 50 for packet, $12@12 50 for family and $16@ 17 for ex­
Loans.—The Governing Committee of the New York Stock tra India mess. Beef hams have been quiet at $23 50. Tallow
Exchange has decided that the customer and not the has been freely offered and prices have declined, closing with
broker shall pay the stamp tax levied by the War Revenue sales at 3%c. Oleo stearine has declined to 5c., and lard
Law upon all sales of stocks. The tax goes into effect on stearine has been weaker, closing at 63^@82i'c. Cotton-seed
July 1, and will be at the rate of 2 cents upon each $100 or oil has sold slowly and prices have weakened to 24J^c. for
fraction thereof of face value of stocks sold. This will call prime yellow. Butter has been in fair demand for desirable
for the payment of $2 on a sale o f 100 shares of stock in stock and steady prices have been paid, closing at 13!^@i7c.
addition to the broker’s commission of $12 50.
for creamery. Cheese has been quiet but steady at 5^£@
The Governing Committee also adopted the following reso­ 7J^c. for State factory, full cream. Fresh eggs in limited
lution :
supply and firmer, closing at 12@12^p. for choice Western.
“ Resolved. That on and after July 1, 1898, all deliveries for
Brazil grades of coffee have again met with a slow jobbing
sales of stocks must be accompanied by a sales ticket stamped sale; but at a slight concession in prices there has been a fair
in accordance with the United States Tax law, whether the business in invoices, the large roasters having been the princi­
delivery be made by Clearing House delivery ticket or by cer­ pal buyers. The close was steadv at 61^c-. for Rio No. 7 on the
tificate of stock.”
spot. The desirable grades of West India growths have been
Regarding the feature of the new revenue law which re­ in moderate demand and have sold at steady prices, closing at
quires a stamp tax of two cents per $100 on promissory notes, 8%@8%c. for good Cucuta. The East India growths have
it is proposed that no collateral notes shall be given for call been dull and prices quoted have been largely nominal, clos­
loans, but that the banks shall be protected by a general con ing at 25c. for standard Java. Speculation in the market for
tract, under which, in case a loan is not paid on demand, the contracts has been dull, but owing to the .fact that the crop
bank can sell on the Stock Exchange the collateral held against movement has been smaller than expected, prices have held
the loan. Similar action was taken during the Civil W ar to a steady basis. Following are the final asking prices:
when the banks made a general contract with a customer, J u n e . : . . . . . .......... 5'55c. | S e p t..... ...........5 ‘70o. I D ee...... ..
5*80o
5-55o. O ct .................... 5 75o. Jau.............
5‘ 85o«
stipulating the conditions under which collateral should be July ........... .
5*95o.
deposited and money loaned. Such an agreement was sub­ Aug ........... ........... 5*65o. I N o v ... . . . . . . . . . 5'75o. 1Mar..............
Raw sugars have sold slowly, as refiners have been indiffer­
ject to tax, and received the proper stamps, but one agree­
ment of this kind was sufficient. As call loans are usually ent buyers, owing to a continued disappointing demand for
renewed from day to day, the tax would be prohibitory if their product. The few sales made have been at slightly
lower prices, closing at 4j^c. for centrifugals, 98-deg. test,
applied to these daily renewals.
Western Union— Baltimore & Ohio R R .—Sale o f B. & and 8%c. far muscovado, 89-deg. test. Refined sugar has
O.’ s Stock Holdings.—The $3,800,000 stock of the Western been in only moderate demand, but prices have held firm,
Union owned by the Baltimore & Ohio R R. Co. has been with refiners guaranteeing them against a decline for thirty
sold to the syndicate identified with the reorganization at a days, closing at 5%c. for granulated. Other staple groceries
price said to be about 90. It is understood that tne bulk of have been quiet.
Kentucky tobacco has had only a limited sale, but offerings
the stock will pass into the possession of the Equitable Life
Assurance Company for investment. This is the remainder have been small and prices have held to a firm basis. Seed
o f the $5,000,000 stock received in payment for the telegraph leaf tobacco has been in better demand and steady. Sales
for the week were 1,765 cases, including 650 eases 1897
system of the B. & O. Telegraph Co.— V. 66, p. 1138, 1187.
crop, Wisconsin Havana, private terms; 350 cases 1897 crop,
W heeling & Lake Erie Ry.—Second Instalment o f Assess­ New England Havana, 6]^c.; 150 cases 1896 crop, New Eng­
ments Payable July 25.—Holders of Central Trust Company’s land seed leaf, 25@40c.; 75 cases 1896 crop, New England
certificates o f deposit for preferred and common shares are Havana, 18@45c.; 140 cases 1895 crop, Zimmers, 16@19c.; also
called upon to present their certificates to the trust company 800 bales Havana at 60c.@$l 10 in bond and 200 bales Sumatra
to be stamped as assenting to the plan of reorganization, on at 75c.@ $1 85 in bond.
or before July 25, 1898, on which date the second instalment
Straits tin has continued to meet with a fairly good demand
o f $2 and $1 per share on preferred and common stock, re­ from the consuming trade, and as foreign advices have been
spectively, must be paid.—V. 66, p. 1142.
stronger prices have advanced, closing at 15-2 )@15’30c.
New business in the market for ingot copper has been quiet
—The New England Loan & Trust Company announces in and prices have weakened slightly, closing at 11%@1 l% c. for
our advertising department the payment of debentures o f Lake. Lead has continued in demand at firm prices, closing
series 9, amounting to $100,000, and also $50,000 of series 13, at 3*95@4c. for domestic. Spelter has been firm but quiet
and prices quoted have been S^Sc^^Sc. for domestic. Pig
due next January.
iron has sold slowly; tone of the market easy, but prices have
—The old Arcade news room, which was located at 71 not changed, closing at $9 7 o@ ll 50 for domestic.
Broadway for many years, has been reopened in the new Empire
Refined petroleum has been steady, closing at 6'15c. in
building at that location by Thos. J. McBride & Son, who bbls., 3'65c. in bulk and 6 80c. incases; naphthaquiet a t5 ’50c.
were compelled to find other quarters when the old building Crude certificates have been firm, closiug at 9Jc.; credit bal­
was removed.
ances have been advanced to 89c. Spirits turpentine has
—Messrs. Farson, Leach & Co. have issued a little folder been in slow demand and prices have declined to25%@273^c.
giving a list of railroad bonds which come within the p ro ­ Rosins have been quiet but steady, at $1 42>^@l 45 tor com ­
vision o f the Savings Bank law o f New York State eniar«iTig mon and good strained. W ool has sold slowly bat prices
the scope of investments for tho°Qinstitutions
have held firm. Hops have been quiet but steady




THE CHRONICLE..

1240

[" V o l .

LXYI.

In addition to above exports, our telegrams to-night alsogive us the following amounts o f cotton on shipboard, n ot
F r i d a y N i g h t , June 24, 1898.
cleared, at the ports named. W e add similar figures fo r
T h e M o v e m en t o f t h e C r o p , as indicated by our telegrams New York, which are prepared for our special use by Messrs,
from the South to-night, is given below. For the week ending Lambert & Barrows, Produce Exchange Building.
this evening the total receipts have reached 15,133 bales,
O N S H IP B O A R D , N O T C L E A R E D P O R —
against 18.160 bales last week and 31,103 bales the previous
Leaving
week, making the total receipts since the 1st o f S e p t.,1897,
Other Coast­
stoek.
Great
June 24 at
Total.
8,540,463 bales, against 6,657,583 bales for the same period of
Britain. France. Foreign wise.
1896-7, showing an increase since Sep.1,1897, of 1,882,88) bales.
27,723
4,993 11,575 1,802

COTTON.

R e c e ip ts a t—

S a t.

37
Tex. Oity, Ac.
New Orleans...
816
7
Mobile ............
Florida.............
Savannah........
304
Brunsw’k.Ac. * . . . . . .
Pt. Royal, Ac.
W ilmington....
Wash’t>on,Ao.
N orfolk............
N’ p’t News, Ac.
New Y ork.......

203
......
698

Wed.

217

20

F r i.

T h u rs.

lo ia l.

804

469

61

...........

2,030
31

1,811
2

245
3

1,085
5

698

6,685
48

51

225

40

36

4
43

660
43
325
2
185

..........

18
......

Tues.

M on .

......

...........

...........

60

35

5

225

14

111

5

17
........
46
........
420
125

......

......

350

181

......

......

550
190

550
298

...........

383
......
548
96

Baltim ore.......
Philadel’ a, Ac..

...........

........

143

152

137

Tot. this week

2,083

3,547

3,474

1,523

2,428

2
20
......
40
58
480
52
587
94

1,203
58
3,246
761
587
526

2.078

15.133

The following shows the week’s total receipts,the total since
Sept.' 1,1897. and the stock to-night, compared with last year.
Receipts to
June 24.
Galveston...
Tex. G.,Ao.
New Orleans
M obile........
Florida........
Savannah...
Br’ wiok.Ao.
Charleston..
P.Royal,Ao.
Wilmington.
Wash’n, Ac.
N orfolk.......
N'portN.,Ac
New Y ork...
B oston ,.......
Baltim ore. .
Philadel. Ac.

1897-98.
This Since Sep.
week. 1,1897.

1896-97.
This Since Sep.
week. 1,1896.

804 1,902,008
98,031
6,685 2,651,689
48 361,594
116,701
660 1,182,778
43 269,220
325 468,968
75,864
2
185 323,591
1,280
1,203 *571,926
25,087
58
3,246 117,006
761 219,755
73,836
587
81,129
526

796 1,339,625
112,751
3,233 2,066,582
16 292,060
87,703
879 839,251
...... 177,266
299 398,288
73,595
27 234,455
857
322 703,364
18,611
48,230
148 158,432
61,920
23
44,593
311

Stock.
1898.

1897.

19,622

7,054

124,208
5,105

42,933
4,129

13,651
11,968
1,317
2,189
7,421 • 17,572
7,570

3,492

19,446
754
105,232
8,000
11,054
9,850

3,568

6,054 6.657,583 332,419
Total«____ 15,133 8,540,463
1,764 bales added as correction o f receipts since Sept. I.

104,373
7,00
6,401
3,834
215,324

In order that comparison may be made with other years,
Receipts at—

1898.

1895. „

1896.

1897.

Chas’ton, dec.
Wilm’ton, &c
N orfolk........
N. News, &c.
A ll others...

804
6,685
43
660
327
185
1,203
58
5,163

796
3,233
16
879
299
27
322
482

299
7,773
13
1,114
214
12
184
193
1,023

Tot. this wk.

15,133

6,054

10,925

Galves’n.Ao.
Hew Orleans
M obile.........
S a v a n n a h ...

1894.

1893.

317
856
43
573
182
102
96
231
3,823

1,083
6,370
54
1,737
128
14
214
108
3,098

1,261
7,562
83
2,724
340
38
3,002
315
4,613

6,223

12,806

19,938

Since Sept. 1 8'40.463 6657,583 5184,984 7838,495 5883,657 4994,312

The exports for the week ending this evening reach a total
46,242 bales, of which 31,965 were to Great Britain, 824
to France and 13,453 to the rest of the Continent. Below
*re the exports for the week and since Sept. 1. 1897,

of

E x p o rt»
fr o m —
G a lv e s to n .......
T e x . C ity, A c..
N ew O rle a n s ..
M o b ile ..............
P e n s a c o la .......
Sav an n ah ........

W eek E ndin g J u n e Z i, 1898.
E x p o n e d to—

Great
C on ti- l o t a l
France
n en t. W eek. B rita in .

G reat
B rit'n .
7,643

116
10,089
888

Brunsw ick. . . .
C h a r le s t o n ....
P o r t R o y a l.. ..
W ilm in g t o n ...
N o r fo lk ............
N ’ p o r t N>> A c N ew Y o r k ........
B o s t o n ............
B a lt im o r e ....
P h ila d e lp h ia ..
San F ran .. A c.

050
73
.........

Total.........

81,965

T o t a l, I89fl.fi?

751
7,786

7.564 1




From Sept. 1,1897, to Jv/ne 24,1898.
E x p o rted to —

824

824
426 !

061
1,343
0,164
204
3,840
70
1,000

7,648 768,147 299,362
9,868
115
10,089 1,091,596 415,745
888 164,401
72,150
73,740 33,547
157,209
83,489
57,834
117,689
64,351
061
200
12,738
2,091
14,764 341,208 51,462
4,349 296,967
4,970
4,496
92,111
143
15,768
1,000
9,532

C on tin en t.

n m

434,173 1.491,682
24,710
34,568
781,124 2,288,465
73,574 227,975
39,535 ,111,691
637,621 733,908
87,113 244,832
236,213 319,702
8,500
66,334
180,367 298,056
32,113
96,464
5,775
18,713
290,008 682.678
6,784 308,741
116,736 213,817
17,288
1,620
183,718 143,260

New Orleans...
Galveston........
S a van nah ......
Charleston.......
Mobile. . . . . ___
Norfolk.............
New Y ork........
Other p o rts ....

9,353
1,078
None.
400
None.
None.
2,175
5,000

None.
None.
None.
None.
None.
100
None.

832
None.
None.
None.
1,000
1,300
3,000

None.
None.
300
None.
5,500
None.
None.

1,910
None.
700
None.
6,500
3,575
8,000

96,485*
17,712
11,968
6,721
5,105
12,946
101,657
31,417

Total 1898...

18,006

5,093

17,707

7,602

48,408

284,011

Total 1897...
Total 1896...

4,778
6,743

5,423
8,081
1,514 21,478

1,789
5,089

20,071
34,829

195,253
228,117

Speculation in cotton for future delivery has been mode rately active, but it has been at a further decline in prices
the depression being most pronounced in the crop deliveries
which have been sold with some freedom by longs to liqui­
date their accounts, and there was little or no buying power
outside of that which came from shorts to cover contracts.
Foreign advices have been of an adverse nature, and, prompted
by the continued favorable conditions at the South for tho
growing croo, foreigners have been fairly free sellers o f the
new crop deliveries. A t the decline, however, there has been
moderate buying of the distant deliveries, as there have been
those who believed that with prices for the new crop thus
early in the season in close proximity to 6c. these de­
liveries were a fair investment purchase, inasmuch as with
climatic conditions for July and August yet to be considered
there is plenty of time for a radical change from the state of
the crop as now reported. Business in actual cotton has con­
tinued to drag, as spinners have been small buyers and the
few orders exporters have had have been at too low
limits to permit trading. To-day there was an unsettled mar­
ket. Early there was a decline under disappointing foreign
advices ; then came a recovery on shorts covering. Subse­
quently liquidation by longs turned the market easier, and
the close showed prices 1 to 3 points lower for the day, with
the tone barely steady. Notices for delivery on July con­
tracts were issued to the extent o f 6,000 bags. Cotten on the
spot has been dull and prices declined 1-16c. on each of the fol­
lowing days: Saturday, Monday and Tuesday. To day the
market was dull and unchanged at Q%c. for middling uplands.
The rates on and off middling, as established Nov. 17, 1897,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Good Ordinary.................o.
Good Middling Tinged.......
Strict Middling Stained__
Middling Stained.................
Strict Low Mid. Stained...
Low Middling S ta in ed .....

1 on
Fair..................................... c.
Middling Fair....................... Hie on
Strict Good Middling.......... ^ on
Good Middling.......... .......... H on
o ff
Strict Lo w Middling.
Low Middling.......7.............. 7.« off
Strict Good Ordinary.......... \ off

l^ o ffi
Even.
73a oft *
7,6 oft
3Je off
l 1^ off'

On this basis the official prices for a few o f the grades fo r
the past week—June 18 to June 24—would be as follows.
Sat.

UPLANDS.

Good Ordinary.......................... 514
Low Middling............................ 61, «
Middling...................................... 6*0
Good Middling...........................
Middling Fair............................ 73,«
S a t.

GULF.

Good Ordinary.......................... 51«
Low Middling................. ........... 65ie
Middling...................................... 6%
Good Middling........................... 7
Middling Fair............................ 77,*
S a t.

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

4 78
6 i,e
69sa
6H

m on Tues W ed T h .

F r i.

51«
51«
5'6,e 516,6
<>38
63s
65s
65«
71,« 7*,«

M on Tues W ed

Th.

Sis
5l5ie;
638
66s
7116
F r i.

538
63,6
65s
678
76,«

53s
63,6
6°8
678
75,«

53s
6®is
663
678
75,8

m o n Tues W ed T h .

F r i.

53ie 518
515„
6
67,8 638
eilig 6*8
71,«
71s
57i«
61*
611,8
615 „
738
4l3lf
6
6782
67,«

5*8
63,8
6*8
678
76,.
4%
515,6
6^2
630

4%
516,6
6632
638

4%
4%
515,f 516,®.
663
6^2
63s
638

The quotations for middling upland at New York oa*
June 24 for each o f the past 32 years have been as follows.
1874....C .177g
18 8 2..
1830. ...0.12
1 8 9 8 ....O. 638
1873........21
1889. ....1015,8 1881.. .-..1 1 1 $
1897........ 7%
1872....... 26H
1888. ....L 0 5 ie 1880.. ....1 1 78
1896........ 758
1871....... 2018
....123s
.......1078
1879..
1895......... 7iie 1887.
1878.. . . . . l l 716 1870....... 21
1894........ 76j0 1886. ....... 9*4
1869.......
33
1885. .......103a
1877.. ... . U H
1893........ 8
1876.. ...,1 2 1ie 1868....... 30
1892......... 77i« 1884. .......I lls
1867.......
26
1883. .......101«
1875.. ....1514
1891........ 83g
N o t e .—On Oct. 1,1874, grades of cotton as quoted were changed
A c c o r d i n g to the new classification Middling was on that day quoted
>80. lower than Middling of the old classification.
MARKET AND SALES.
SALES OP SPOT AND CONTRACT.
SPOT MARKET
CLOSED.

13,463

40,242 3,408,814 804,286 3,078,884 7,291,814

Sat’day..
Monday.
Tuesday
Wed’day
Th'day..
Friday..

9.200

17.189 12,986 085 689.V05 2.181.647 5 «56.837

TotaL.

Dall at lie d ec..
Easy at Me dec.
Quiet at in, dec.
Easy...................
Easy .................
Very d u ll..........
-•••*•••

m
m
m
m
w
m
m
m
+rn

Ex­
port.

Sales o f
Futures.
Con- Spec- Con­
sump. ul’t'n tract. Total.
240
160
450
218
75

5,870
1,000 1,790
1,000 2,020
1,300 1,850
1,013
550

53,300
143,300'
159,300
93,700*
65,400
72,800-

8,630 1,143

3,300 13,073

587,800

5,820
550
860
10O
825
475

THE CHRONICLE.

Junk 25, 1898. j

m

i

The Sales and Prices op Futures at New York are
T he V isible Supply of Cotton to-night, as made up bjp
eable and telegraph is as follows. Continental stocks, as well
shown in the following comprehensive table.
as those for Great Britain and the afloat are this week’s re­
(c
turns and consequently all European figures are brought down
QhdOD®
ft ►3
■b2.
A
g
S
g
f
©
>-3*©
*—
<g1
>T
oaftS1
H C. oaftg- 13ft!
to Thursday evening. But to make the total the complete
. 1
o
d
O
®
a
O
D
©
m
a
®
P
.
W
O
<
X
>
p
i
o
o
5
®Ä
•
0
Ï
(J5» m®æ'B
e*© ®p c*© ©8*
figures for to-night (June 24), we add the item of exports from
qgia
3ft P » P «??
the United States including in it the exports of Friday only.
?VgfL
•Ö® " sp S
■
S
>
cf
S
»
et-S-l
: ftiL
M£0Ö Eftg ‘ ftp*
3.1
1898.
1897.
1896.
1895.
p-E-c
e f e ; P<ftp
2E
■took at Liverpool.......bales. 1,117,000 1,000,000 888,000 1,581,000
©•!’ ®
P ¡kf
m CD
b
«■;
w 5 ; ® :! h
■ R! ®
S
o
«
•
3 :! ®
4.000
5,000
8,000
8,000
Stock
at
London........
SOi tO 3
SO■ M
S
* »
44
ko : p : to p : h
P
M
5 :? O
5 : I Wp t: 09
Total Great Britain stock. 1,121,0001,005,000 896,000 1,589,000
9
Bt• 0
0
I <w. to «A
J•
•1
I
3 : 1 3.: i
13,000
Stock at H a m b u rg .............
22,000
27.000
30.000
®: I
Stock at Brem en.. . . . . . . . . . . . . 275,000 164.000 192.000 301.000
W
05
Od
ex
Stook at Amsterdam........... .
2,000
os d
09 Ö
3.000
8,000
16.000
2?¿ B OD© *M “ © H 2 » hh
32 «
300
Stook at Rotterdam .............
300
200
100
■<CBCXp f s *
g-JO® ®
î » p ? ®«gs»
Stook
at
A
n
tw
erp
..............
.
7,000
11,000
13.000
14.000
w
^
C
O
O
D
SO01eJ. s ^y*g Ps$i°® P0 J—
"so S «»«8
Stook at Havre................
214,000 181.000 238.000 426.000
P* atiS p* ms p* »Q©* 5« W® te- w ® © CO© Qq C* jw
’«i aso» vi oo® VI 0 5 0 !* «B090« • ©o» P OdO^ sra •*
4,000
Stook at Marseilles................
6.000
7,000
5,000
• ¿©
* tâ®
eo°P* V5SrO'
Stook at Baroelona.................
88,000
81,000
88.000
92.000
©»
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¡g f“ Imports into Continental ports past week 44,000 bales.
The above figures indicate an increase in the cotton in sight
to-night of 549,248 bales as compared with the same date
of 1897, a gain of 413,247 bales over the corresponding date
of 1896 and a decrease o f 773,704 bales from 1895.

A t t h e I n t e r i o r T o w n s the movement—that is the receipt*for the week and since September 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period o f 1896-97—is set out in detail below.

2^
9
e
? na
◄
là
là
c
oc
oM^
I aP®

£8
Ç Bob o S ® B S S 5 B 2 3
I - sBEEE
l ' So m
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o^
to*I &
sj®Q e S 0i lPB
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MM

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Stook at G e n o a .....................
24,000
46.000
84.000
62.000
10,000
Stock at Trieste.......................
14.000
33.000
28,000
Total Continental stocks.. 63?,300 528,300 690,200 974,100
Total European stock s.... 1,758,300 1,533,3001,586,200 2,563,100
India ootton afloat for Europe
145,000 105,000 111,000 176,000
Amer.cotton afloat for Europe
140,000 85,000
80,000 104,000
Egypt,Brazil,&o.,aflt.for E’pe
15,000 21,000
8,000
11,000
Stock in United States p o rts .
332,419 215,324 262,946 418,163
Stook In U. S. Interior towns..
165,659 61,319 102,908 67,870
United States exports to-day.
16.772
2.959
8,849
6,721
Total visible sun plj.......... 2,573,150 2,033,902 2,159,903 3,346,854
01 the above, totals of American and other descriptions are as follow s^
American—
Liverpool stock. . — ..b a les. 1,027,000 851,000 734.000 1,455,000
Continental stooks................
539,000 444,000 542.000 879,000
American afloat for E urope.. 140,000
85,000
80,000 104,000
United States stook................. 332,419 215,324 262,946 418,163
United States interior stooks. 165,659
61,319 102,908
67,870
United States exports to-day.
16,772
2,959
8,849
6,721
Total American-------- - .. . 2,270,850 1,659,602 1,730,703 2,930,754
East Indian, Brazil, <tc.
90,000 149.000 154.000 126,000
Liverpool s t o c k ................
London s t o c k . . . . . . . . . . . . . . . . . .
4,000
5,000
8,000
8,000
Continental s t o o k s ............
48,300
84,300 148,200
95,100
India afloat for Europe.......... 145,000 105.000 111.000 176,000
21,000
Egypt, Brazil, &o., afloat.......
15,000
8,000
11,000
Total East India, &ol....... 302,300 364,300 429,200 416,100
Total American................ ^ , ¿70.850 1,659,602 1,730,703 2.930,754
Total Visible supply.........2,573,150 2,023,902 2,159,903 3,346,854
Middling Upland, Liverpool. _
37lftd;
4ied.32»s2d. ' S^d.
Middling Upland, New York.
«380
73»0.
71flC.
7c.
Egypt GooclBrown, Liverpool
49]$d,
53igd. 6ii(d.
698d.
Peruv.Rough Good, Liverpool
67sd.
63iad. 6&igd.
59i«d.
Broach Fine, Liverpool..........
3»l6d.
4isd. 32is9d.
3%d.
Tinnevefiy Good, Liverpool..
3i782d.
433sd. 3ais2d
3»ad.

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* Inolaaee sa<es in September, for September, 84,900; SeptemberOotober, for October, 375,200; September-November, for N ovem ber,
818,100; September-December, for December, 1,181.400; SeptemberJanuary, for January, 3,979,600; September-Febrnary, for February,
161,800; September-March, for Maroh, 2,878,400; September-Apri 1,
for April, 159,600; September-May, for May, 4,694,100.

The following exchanges have been made during the w eek :
*22 pd. to exch. 500 Oct. for Aug.
*03 pd. to exch. 2,400 J uly for Aug.
•20 pd. to exch 100 Oot for Aug.
•08 pd. to exoh 200 Deo. for Jan.
•02 pd. to exoh. 400 J uue for Aug.
•03 pd. to exoh . 700 June for Aug.
•15 pd. to exoh . 2 0 " Oot. for Aug.
•11 pd. to exoh 2,200 Oot. for Aug.
•08 pd. to exoh , 200 Do*“ fo r Tuly.




•03 pd. to exoh. 900 Oot. for Jan.
•04 pd. to exoh. 6,800 fu lyfor Aug.
*10 pd. to exoh. 1,000 Oot. for Aug
09 pd. to exoh. bOO Qot, for July.
•03 pd. to exoh. 200 Nov. for Oct.
06 pd. to exon. 500 fan. for July.
•09 pd. to exoh. 400 Sept, for July.
•10 pd. to exoh. 1,300 Deo. for July.
•05 pd. to exoh. 800 Jan. for [July.

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1242

THE’ CHRONICLE.

Qu o t a t io n s

fob

M i d d l in g C o t t o n

at

O t h e r M a r k e t s .—

Below are closing quotations o f middling cotton at Southern
and other principal cotton markets for each day of the week
Utili ending
June 24.
Galveston. .
New Orleans
M obile........
Savannah. .
Charleston..
Wilmington.
N orfolk.......
Boston........
Baltimore...
Philadelphia
Angosta.......
M em phis....
St. L o u is....
H ouston___
Cincinnati..
Louisville...

3LO SIN O Q U O T A T IO N S F O B M ID D L IN G C O T T O N O N —

Satur.
6
515, 6
6
61a
638
6®8
6%
6^4

6
6

515ie

6
6^8

Mon.

Tues.

Wednes.

Thurt.

57s
6
515l6
578
8
618
63a

513ltj

513,6
6
53*
ò\

513,6
6

6*9
65g
6 i l 18
63ie'®J4

6
6

51618

6
6*8

6

5 7s
5i3,g

6
6 ia
6H
67, a
6 ia
6®8

6

57a

614

513,6
6

5%
53,

53t
5%

614

614

6*18

61l8

Nominal. Nominal.
578
57s

638
6I2
6»8
63,e@i4
6

6
516la
5 78
6
6i8

Fri

516,6

01-3,6
6
618

638
6I3
608

63a
6 I9
6*8
6
515,6
513ta
6
618

6
515,8
513,6
6
618

The oloslng quotations to-day (Friday) at other importar t
Southern markets were as follows.
Athens.............. 6*8
Columbus, Miss
Atlanta............ 57s
Eufaula.. . . . . . .
Charlotte......... 6 4
Little R o o k ....
Columbus, Ga. 5%
Montgomery...
Ov e r l a n d M o v e m en t f o b t h e W

5»8
5=8
5*3
5n 18
eek

N ashville........ 57a
N a t c h e z ....... 5 iij
R a le ig h ........ 6
Shreveport..... 5 ^
a n d S in c e S e p t . 1.

We give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night. The results for the week ending
June 24 and since Sept. 1 in the last two years are as follows.
1897-98.
June 24.
Week.
Shipped—
Via St. L o u is ..............................
Via Cairo.......................... ............
Via P ark er...................................
Via Rook Island....... ................
Via L o u isville....................
Via Cincinnati.............................
Via other routes, &«...................
Total gross overland............. .
Deduct shipments—
Overland to N. Y., b oston , &o..
Between Interior towns............

6,349
2,066
241
208
1,000
2,728

Since
Sept. 1.
851,143
383,240
33,029
46,887
130,798
150,527
181,058

12,592 1,776,682

1896-97.
Week.
5,493
392
218
330
1,234
316

Since
Sept. 1.
538,082
268,8ul
20,215
13,951
136.20S
145,0 i 8
104,975

7,983 1,227,310

5,120
597
1,373

491,726
36,805
48,479

4P 2
3n
3,948

313,175
4,654
48,053

7,090

577,010

4,466

365,882

Leaving total net overland*..
5,502 1,199,672
* Including movement by rail to Canada.

3,517

861,428

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

The foregoing snows that the week’s net overland movement
this year has been 5,502 bales, against 3,517 bales for tbe
week in 1897, and that for the season to date the aggregate net
overland exhibits an exctS3 over a year ago of 338,244 bale?.
In Sight and Spinners’
Takings.

1897-98.
Week.

Since
Sept. 1.

1896-97.
Week.

Since
Sept. 1.

6,054 6,657,583
Receipts at ports to June 2 4 ...... 15,133 8,540,463
5,502 1,199,672
3,517 861,428
Net overland to June 2 4 ..............
Southern consumption to June 24 21,000 930,000 15,000 823,000
Total m arketed........... ........... 41,635 10670135 24,571 8,342,011
Interior stocks In e x ce s s .............. *10,684 120,583 *14,810 t59,275
Came Into sight during week.
Total in sight June 2 4 ........

30,951

10790718

9,761

8.282,736

North’n spinners tak’gs to J’ne 24
6.189 2.140.734 16.128 1.648.233
* Decrease during week.
f Less than Sept. 1.
W e a t h e r R e p o r t s b y T e l e g r a p h .—Advices to us this
evening by telegraph indicate that in the main the weather
has been very favorable during the week and that cotton is
doing well as a rule. In Texas, where dry weather was de­
sired to permit of cultivation, there has been little or no rain,
and farming operations have progressed well, and the plant
is growing rapidly. Elsewhere rain has been quite general
ana beneficial. From North Carolina there are some com ­
plaints of damage by lice.
Galveston, Texas.—In general the weather has been favor­
able for farming operations in Texas and with another week
of clear weather fields will be free from weeds and grass.
The plant is growing rapidly and forming squares, and in
some localities is blooming. W e have had showers on two
days during the week, the rainfall reaching four hundredths
o f an inch. Average thermometer 87, highest 89, and low ­
est 74.
Palestine, Texas.—There has been dry weather all the
week. The thermometer has averaged 80, the highest being
$2 and the lowest 68.
Huntsville, Texas.—The weather has been favorable for
cultivating crops. Dry all the week. The thermometer has
averaged 88, ranging from 69 to 96.
Dallas, Texas.—W e have had rain on one day of the week,
to the extent of thirty-four hundredths of an inch. The ther­
mometer has ranged from 68 to 94, averaging 81.
San Antonio, Texas.—There has been beneficial rain on two
days of the past week, to the extent of three hundredths of
an inch. Minimum temperature 70.
Luling, Texas.—W e have had one shower the past week,
the precipitation reaching two hundredths of an inch.
The thermometerjhas averaged 85. the highest being 99 and
the lowest?




rvoL. LXVI,

Cuero, Texas.—The killing of weevils has been commenced.
W e have had rain on one day the past week to the extent of
one hundredth of an inch. The thermometer has ranged
from 70 to 95, averaging 83.
Brenham, Texas.—It has rained on one day of the week,
the rainfall being one hundredth of an inch. Average ther­
mometer 82, highest 93 and lowest 70.
Columbia, Texas.—There has been rain here on two days of
the week, the rainfall reaching eighty four hundredths of an
inch. The thermometer has averaged 80, the highest being 90
and the lowest 70.
Corpus Christi, Texas.—The plant is growing rapidly.
There has been light rain on three days during the week,
the rainfall being twenty hundredths of an inch. The ther­
mometer has averaged 81, ranging from 74 to 88.
Weatherford, Texas.—W e have had dry weather all the
week. The thermometer has ranged from 68 to 95, averag­
ing 82.
Neu) Orleans, Louisiana.—W e have had rain on one day o f
the week, the rainfall reaching five hundredths of an inch.
Average theremo meter 82.
Leland, Mississippi.—It has rained on four days of the
week, the rainfall being one inch and twenty-five hundredths.
Average thermometer 77, ranging from 67 to 89.
Shreveport, Louisiana.— Dry weather has prevailed all the
week. The thermometer has averaged 80, the highest being
94 and the lowest 67.
Columbus, Mississippi.—It has rained on three days of the
week, the precipitation reaching twenty-seven hundredths of
ae inch. The thermometer has averaged 88. ranging from
70 to 98.
Leland, Mississippi.—Telegram not received.
Greenville, Mississippi.—The weather has been clear and
hot the past week, with a light rainfall.
Vicksburg, Mississippi.—W e have had only a trace of rain
the past week. Average thermometer 81, highest 93,
lowest 71.
Little Rock, Arkansas —There has been rain on one day
during the week, the rainfaU reaching two hundredths of an
inch. The thermometer has averaged 82, the highest being
94 and the lowest 70.
Helena, Arkansas.—Telegram not received.
Memphis, Tennessee.—Ram has fallen on four days of the
week to the extent of one inch and fifteen hundredths.
While there has been more moisture than needed the crops
generally are in good condition. The thermometer has ranged
from 68 to 91, averaging 78’7.
Nashville. Tennessee.— We have had raiu during the week,
the rainfall reaching eighty-seven hundredths of an inch.
Average thermometer 76, highest 89, lowest 61.
Mobile, Alabama.—There have been general and frequent
rains in the interior and cotton is growing and fruiting finely.
There has been rain here on four days of the week, the rain­
fall reaching one inch and sixty hundredths. The thermom­
eter has averaged 80, the highest being 90 and the lowest 70.
Montgomery, Alabama.—Crops are doing well generally.
Rain has fallen on five days of the week, the rainfall reach­
ing fifty hundredths of an inch. The thermometer has aver­
aged 80 and has ranged from 67 to 92.
Selma, Alabama.—Crop prospects are good. It has rained
on two days of the week; the rainfall being forty-one hun­
dredths of an inch. The thermometer has ranged from 58 to
98, averaging 78.
Madison, Florida.—W e have had rain on four days of the
week, the rainfall reaching two inches and fifty hundredths,
Average thermometer 83, highest 96, lowest 71.
Savar,nah, Georqia.—Rain has fallen on five days of the
past week, the rainfall being two inches and ninety-nine hun­
dredths. The thermometer has averaged 79, ranging from
69 to 94.
Augusta, Georgia.—W e have had rain on six days of the
week, to the extent of three inches and five hundredths. The
thermometer has ranged from 64 to 91, averaging 78.
Charleston, South Carolina.— We have had rain on six
days during the week, the precipitation reaching three inches
and nineteen hundredths. Average thermometer 79, highest
90 and lowest 70.
Stateburg, South Carolina.—Cotton is growing vigorously,
and so is grass.
But plows and hoes are being actively
employed. There has been rain on four days duriog the
week, the rainfall reaching one inch and seventy-three hun­
dredths. The thermometer has averaged 76'6, the highest
being 89 and the lowest 64.
Greenwood, South Carolina—Crops are doing finely. It
has rained on four days of the week, the precipitation reach­
ing two inches and sixty-eight hundredths. The thermomter has averaged 78, ranging from 66 to 91.
Wilson, North Carolina.—It is claimed that cotton is being
much injured by lice. W e have had rain on four days the
past week to the extent of one inch and twenty-five hun­
dredths. The thermometer has ranged from 60 to 82, averag­
ing 73.
The following statement we have also received by telegraph,
showing the height o f the rivers at the points named at
3 o’clock June 23, 1898, and June 24, 1897.
_________
!June 23, ’ 98. June 24, *97.
Feet.
Feet.
9-1
10-2
New Orleans.......
19 0
21-1
Memphis..............
3-0
3
4
Nashville........
lg-4
12-3
S h rev ep ort....... ........ Above zero o f gauge.
28’2
IS
9
Vioksbnrg............

J one 25, 1828.J

THE CHRONICLE.

I ndia Cotton M ovement

from all

P orts.— The' receipts

of cotton at Bombay and the shipments from all India ports
for the week ending June 23, and for the season from Sept. 1
to June 23 for three years have been as follows:
1897-98.
Receipts at—
Week.
Bombay..........
Exports
fromr-

Week.

*

Since
Sept. 1.

1895-96.
Week.

Since
Sept. 1.

31,000 1,704,000 18,000 1,507,000 13,000 2,064,000
For the Week,

Great
Britain.

Bombay—
1897-98..
189697..
1895- 96..
Calcutta—
189798..
189697..
1895- 96..
Madras—
189798..
1896- 97..
1895- 96..
All others—
189798..
1,000
189697..
1895-96..
i',ò0o
Total all—
1897-98..
1896-97..
1895-96..

1896-97.

Since
Sept. 1.

1,000

i ’,660

Since September 1.

Conti­
nent.

Total.

10,000

10,000

9.000
7.000

9.000
7.000

Great
Britain.
10,000
30.000
71.000

1.000

1.000

3.000

2,000

2,000

11.000

Conti­
nent.

Total.

390.000
522.000
699.000

400.000
552.000
770.000

21,000

6.000

61,000
71.000

24.000
67.000
82.000

2,000
10,000

3.000
15.000
9.000

5,000
23.000
19.000

8,000
4.000
2.000

6,000

7.000
4.000
3.000

12,000
25.000
19.000

95.000
94.000
82.000

107.000
119.000
101.000

17.000
13.000
11.000

18,000
13.000
12.000

27.000
69.000
111,000

509.000
692.000
861.000

536.000
761.000
972.000

. A ccording to the foregoing Bombay appears to show an
increase compared with last year in the week’s receipts of
13,000 bales. Exports from all India ports record a gain
of 5,000 bales during the week and since September 1 show
a decrease o f 225,000 bales.
M anchester M arket . —Our report received by cable
to-night from Manchester states that the market is flat for
yarns and quiet for shirtings. The demand for both yarn
and cloth is poor. We give the prices for to-day below and
leave tho-e for previous weeks of this and last year for
comparison.
1898.

M’y20
“ 27
J ’re 3
“ 10
“ 17
« 24

Recent practical experiments throughout the State of Texas have
* j y demonstrated that the best results have been obtained by the
adoption of a standard sixed press box 24 by 54 inches, inside
measurement, which allows the bales to be compressed to a density o f
about forty pounds to tbs oubio foot, and this groat reduction in
density issecured without an increase of power on the part o f compresses. These experiments have been made with different-sized bales,
and the records of the Maritime Association of Galveston show th at
bales made in a 28 by 58-inch box, after compression and delivery at
that port, averaged 32 by 62 inches, giving a superficial area o f 1,984
square inches, whereas bales made in the 24 by 54-inch box average
at Galveston 26 by 56 ioches or 1,456 superficial inohes. The pressure
Si.
03mPress ln both cases was the same, namely, 1,800 tons or
36.000 pounds on the bale; therefore, by dividing the area of the bale
in inches into the pressure of pounds it was found that on the larger
bale there was 1,814 pounds per square inch, and on the smaller
2,472 pounds; in other words, the pressure per square inch was 658
pounds greater on the smaller bale than on the larger one. This sub­
ject was discussed at recent conventions held at Dallas, Tex., Mont­
gomery, Ala., Atlanta, Ga., and Jackson,’Miss., and steps taken to
bring the matter to the attention of cotton producers and ginners
throughout the South, and to urge upon them to adopt a uniform
press box of 24 by 54 inches, inside measurement. The use of a box
54 inches long will turn out a bale that can be loaded in the wagons
m-general use/)y planters without the necessity of coming in contact
with tao wheels, and this will avoid the consequent damage whioh
always occurs from the mud forced upon the bales, and will make
hauling less difficult. The Memphis Cotton Exchange earnestly urges
producers, ginners, compress men and transportation companies to
lend their influence looking to the universal adoption of this standard.
We also take this opportunity to reiterate the former recommenda­
tions made by the Memphis Cotton Exchange to producers to take
better care in preparing their cotton for market by the use of bagging of from 2 pounds to 214 pounds to the yard, woven and calendered
to allow clear and distinct marking.

The Savannah Cotton Exchange has passed the follow ing
resolution bearing on the same su b je ct:
Resolved, That we indorse the report of thb committee adopted b v
the Convention of Interior Compress Association of Carolina.
Georgia, Alabama and Mississippi on May 12, 1898, and urge the
planters and ginners to adopt the 24x54 press box, and recommend
tlist the necessary alterations he made in time lor the next orop.

E stimated P roduct per A cre.—C orrection.— By an
error of the types the estimated product per acre in Texas
for 1897 93 and 1896 97 was incorrectly stated in the C h r o n ­
icle of June 11, on page 1122. The estimates should have
been 290 lbs. for 1897 98 and 217 lbs. for 1896 97, instead of
250 lbs. and 257 lbs. respectively.
J ute B utts, B agging, & c.—T here has been a fair demand

1897.

8 *4 lbs. Shirt­
8*4 lbs. Shirt­ Ootf*
32* Cop. ings, common Oott’n
Mid. 32* Cop. ings, common Mid.
Twist.
to finest.
TTplds Twist.
to finest.
Upldi
d.
d. s. d. s. d.
d.
d.
d. s. d. s. A.
d.
51310-613le 4 2 0 6 9
39|6 63s 07*4 4 0 *2®6 6
4832
5J8X6-613j6 4 2 9 6 9
35a 63,6 07*8 4 0*206 6
4*e
51316-618le 4 2 0 6 9
4.1«
63xe ®73t6 4 0*2 96 6
513le-613le 4 2 0 6 9
39ie 6318 073] 6 4 0 *2®6 6*2 4^32
5i®n®6^ 4 2 0 6 9
|®I6 6*4 0738 4 1 0 6 7
4*6
5% ®65s 4 1*2®6 8*2 37,« 65]. 0736 4 1*206 7
4*8

G overnment W eekly Cotton R eport.— Mr. W . L. Moore,

Chief o f the Weather Bureau of the Agricultural Depart­
ment, made public on Tuesday the following telegraphic
reports on the crop in the Southern States for week ending
June 20:
6

1243

The market for jute butts continues dull
Quotations are nominally *75@*77^c. for
Shipping News .—A s shown on a previous page, the
xports of cotton from the United States the past week have
cached 46,242 bales. The shipments in detail, as made up
*om mail and telegraphic returns, are as follows:
.
f

,
Total bales.
Y ork —T o Liverpool, per steamer Cymric, 6,309 upland
6 384
and 75 Sea Island.............................................................
To Hull, per steamer Ohio, 1,302............¡,............................. 1*302
To Manchester, per steamer Biela, 100............. ................. .
’ jo o
To Havre, per steamers La Bretagne, 100 Sea Island
Rydal Hall, 724..... ........................................................... mmm’
§24
To Bremen, per steamer Prinz Regent Luitpold,’ 1,6*32!....... 1 632
To Hamburg, per steamers Phoenicia, 100___Sardinia, 200
*300
To Antwerp per steamers British Queen, 9 0 ... Friesland, 50
149
To Genoa, per steamers California, 1,066___Fulda, 1,438
___Powhatan, »5 5 .................................... ......................
3 45a
To Naples, per steamer Fulda, 300.........................................
'30/v
To Venice, per steamer Powhatan, 323...............;.....!!!."!* *
323
N ew Orleans—To Liverpool—June 32—Steamer American.
7,500............................................. .................. »......................... 7,500
To Manchester-June 24—Steamer Anselmode Larango,
2,440....................................................................................... . . .
2 440
To London—June 18—Steamer Cayo Largo, 149....................
*149
Galveston —To Liverpool—June 22—Steamer Mira, 7,643.".""." 7 643
Corpus Christi , &c .—To Mexico, per railroad, 11^.......
""
*115
Mobile —To Liverpool—June 18—Steamer Bencliffe, 883..........
888
Norfolk —To Hamburg—June 17-Steamer Olive Branch, 4 l i
— June 2 2 - Steamer Hemisphere, 250..............
Newport News —T o Liverpool—June 18—Steamer Kanawha,
751.
751
To Antwerp - June 22—Steamer St. Marnock, 1,343.
i 343
B oston —To Liverpool—June 16-Steam er Roman, 2.456 up’
land and 100 Sea Island....June 20—Steamer Sagamore,
1,^29................... ............ .................. ............. .
4,085
To Yarm outh-June 21—Steamer Yarmouth,*264................
264
B a lt im o r e —To Liverpool—June 22—Steamer Templemore,
650.
650
To Bremen—June 17—Steamer Maria Rickmers,*553
June 22—Steamer Dresden, 2,843... .
3 39«
To Hamburg—June 18—Steamer Strathgarry! 4 5 0 *1 1 """’ " ’450
P h il a d e l p h ia —To Liverpool—June 17—Steamer Belgenland.
73
73........................................................... .............
To Antwerp—June 16—Steamer Switzerland, 70..........
’’
70
San F rancisco —To Japan—Jnne 17—Steamer Belgie, 1,000” ! 1,009
ew

V irginia .—Week wet, favorable for growth; cotton clean, stand
good.
’
North Car o l in a —Cool, cloudy and rainy; drought thoroughlv
broken; c ”ops growing rapidly; cotton making squares and bloom In
30uth portion, some Helds damaged by lice.
South Carolina ,—Drought thoroughly relieved; temperature nearly
normal; cotton growing rapidly, fruiting heavily, and blooming; fields
well cultivated and clean.
G eorgia .—General showers over northern portion of State, benefic­
ial to all crops; cotton growing nicely and taking on fruit and
squares; dry weather continues over southern half of State, except
where light scattered showers occurred, and crops in this section are
suffering.
raore favorable over western, northern and central
districts, with rainfall well distributed over western section; still dry
over several counties of southern district, where crops show but slight
changes; cotton small but free from grass.
A labama . Frequent and well distributed rains with warm weather
and ample sunshine have benefited all crops; cotton shows decided im­
provement and blooms becoming general.
M ississippi.—Generally favorable weather; cotton improving, al­
though local complaint o f too much rainfall and grassy crops; some
few cotton blooms reported.
. L ouisiana .—Generous rains over State caused marked improvement
in crop, growth; cotton growing rapidly, blooms more general, some
grassy.
T exas .—Week of showery weather, with occasional scattered heavy
rains; cotton making rapid growth and forming squares and blooming
in many sections, but much in need of cultivation, and will require
two weens clear weather for cleaning crop.
A r k a n s a s .— Frequent rains caused rapid growth of vegetation, but
put crops badly in grass and interrupted harvesting; cotton doing
T o t a l . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46,242
well,
18 mahlng too rapid growth in some places.
The particulars of the foregoing shipments, arranged’ in
T e n n e s s e e .— Warm weather, supplemented by generous showers,
revived suffering crops, which are now in fine condition of growth; our usual form, are as follows.
cotton growing and developing finely under favorable conditions; crop
Great French Ger- ^—Oth.E'rope—> Mexico,
generally clean.
*
Brit’n. ports, many. Forth. South,
<£c. Japan, Total,
Oklahoma .—Cotton much improved and growing ranidlv.
New York. 7,786
824 1,932
140 4,082
14,764
M i s s o u r i .— Cotton doing finely.
J
N. Orleans. 10,089
.................... 10,089
Galveston. 7,643
These reports on cotton are summarized by the Depart­ Cor.
C., &c.
115 ........
’ 115
ment as follows:
Mobile.___
888 ................
•................
888
661
The week has been exceptionally favorable for cotton, and the re­ N orfolk.. . .....................
....................
661
751 ..................... 1,343
ports indicate a decided improvement in the condition of this crop N’p’t News
....................
2,094
generally throughout the cotton belt. In portions of Mississippi, Boston___ 4,085 .....................
264 .........
4,349
650 ........ 3,846
Louisiana and Texas, however, it is grassy and in need of cultivation, Baltimore.
....................
4,496
Philadelp’a
73 .....................
while some complaints of lice are received from North Carolina.
70
....................
143
San Fran..
....... 1,000
1,000
Cotton B ales .—Standard Press B ox R ecommended, —
Under date of June 8 the Memphis Cotton Exchange issued a
T o ta l.... 31,965
824 6,439 1,553 4,082
379 1,000 48,242

circular letter addressed to cotton producers and ginners
To Japan since September
.
1 shipments have been 128,056
in the Memphis District, recommends the adoption of the bales from Pacific Coast, 8,700 from New Orleans, 26,029 bales
Standard Press Box—24x54 inches—for cotton bales. The from Galveston, 7,100 bales from Pensacola, 4,500 bales from
circular in part is as followsMobile and 27,910 bales from New York.




THE CHRONICLE.

1244

Cotton freights at New Y ork the past week have beeD
______
___ _
as follows.
S a tu r .

Mon.

Wednes. Thurs.

Tue».
15t
35t
301
301
301

■Liverpool..........
15t
15t
35t
351
H avre................
301
•Bremen.............. .c .
30t
301
301
H am burg..........
30*
30t
•Amsterdam....... .C»
....
....
....
Reval, v. Hamb. -C.
....
Do v.Brem’n.c.
....
401
40t
40 i
Do v. H ull.. .c .
301
301
301
Rotterdam........
35t
35t
G en oa ............... d.
35t
451
45t
451
Trieste............... .d .
Antwerp............ .d.
%
%
%
Ghent, v . Antw’ p. d .
5 »2
BR2
BS2
t Cents net per 100 lbs.
L i v e r p o o l .—By cable from Liverpool

151
351
301
30t
301

15t
351
301
30
301
—
....
401
301
351
45t

....
....
40t '
30t
35t
451

F r i.

151
35t
301
301
30t
....
....
40t
30301
451

[V ol , L X V I.

ket was steadier and prices advanced
lc. on buying by
shor’ s to cover contracts, stimulated by unfavorable crop
accounts from the Southwest. To day the market was easier,
under moderate selling, principally by longs to liquidate
accounts, despite the fact that crop advices from the West
were less favorable! The spot market was fairly active, as
exporters were buvers, their purchases here and at outports
amounting to 264.000 bushels, principally No. 2 red winter.
DAILY CLOSING PRICES OP NO. 2 RED WINTER WHEAT.

July delivery............. -.0.
September delivery.. . . 0.
December delivery... ..e.

Sat.
7978
73%
73%

Mon.
77%
72%
72%

Tues.
80
7378
74%

Wed.
79
72%
72%

Fri.
79
71%
71%

Thurs.
80
72%
72%

Speculation in the market for Indian corn futures has been
dull, but values have improved slightly, largely on the pros­
pects for the new crop, which are not considered especially
favorable, owing to the prolonged wet weather throughout
%
%
%
the
corn belt. Wednesday there was a slight reaction in val­
5^2
b32
B32
ues, in sympathy with the decline in wheat, and under im ­
we have'the fo llo w ­ proved weather conditions for the growing crop. Thursday,
however, the lo-s was recovered on renewed buying for in­
ing statement of the week’s sales, stocks, &o., at that port.
vestment account. To day there was an easier market in
sympathy with the decline in wheat. The spot market was
June 3. June 10. June 17 June 24
only moderately active, the sales for export here and at out­
51,000 ports amounting to 120,000 bushels.
52,000
40,000
26,000
Bales o f the week.......... bales.
3,600
1,800
700
700
Of which exporters to o k ...
600
500
300
100
Of which speculators took.
49,000
49,000
37,000
25,000
Da es Am erican................... .
9,000
8,000
7,000
6,000
Aetna export..........................
54,000
53,000
49,000
53,000
Forwarded.................... ..........
Total stock—Estimated.......... 1,170,000 1,152,000 1,143,000 1,117,000
Of which American—Estm’d 1,076,000 1,061,000 1,053,000 1,027,000
37,000
52,000
38,000
58,000
Total import of the week.......
31,000
48,000
33,000
47,000
Of which American.............
55,000
96,000
69,000
98,000
Amount afloat...................—
93,000
46,000
60,000
92,000
Of which American.............

DAILY CLOSING PRICES OP NO. 2 MIXED CORN.

Sat.
36%
37%
38%

Inly delivery................o.
September delivery__ o.
December delivery___o.

Mon.
36%
37%
38%

Tues.
36%
37%
38%

Wed. Thurs. Fri.
36% 36%
36%
37% 377s
37%
38% 38%
38

Oats for future delivery have been neglected in the local
market, but prices have held to a steady basis in sympathy
with the steadier market for corn.
Crop accounts have
been generally favorable and business in the spot market has
The tone o f the Liverpool market for spots and futures been quiet, as neither dealers nor exporters have been ex­
each day o f the week ending Jane 24 and the daily closing tensive buyers. To day the market was dull and prices de­
clined in sympathy with the weaker markets for other
prices of spot cotton, have been as follows.
grains. The spot market was quiet, closing at 28>£c. for
Sat’day. Monday. Tuesday. Wed'day. Thursday Friday. No. 2 m ixed in elevator and 31c. for No. 2 white in elevator.
Spot.
DAILY CLOSING PRICES OP NO. 2 MIXED OATS.

Market, )
1:45 p. M. J

Moderate Harden’g. In buyers’ Quiet but
favor.
steady.
demand.

Easier.

Mid. Upl’ds.

317s2

«pec. & exp.

5,000
200

31B38
8,000
300

Futures.
Market, (
1:45 P. M. \

Quiet.

Easy at Steady at
Easy at
1-64 de­ 1-64 @'¿-64 i-«4 ad­
vance.
decline.
cline.

Market, 1
4. P. M. $

Easy.

Steady.

37i6

8,000
300

Steady.

CO
h1
CO

Dull.

3716

3 ? !«

10,000
500

10,000
500

8,000
500

Barely
steady.

Quiet.

Steady at
1-64 <$ 2-64
advance.

Quiet.

Steady.

The prices of futures at Liverpool for each day are given
•below. P aces are on the basis of Uplands, Low Middling
olause, unless otherwise stated.
_________________________
S at.
June 24.

J u n e ............
June-July..
July-A u g...
Aug.-Sept...
Sept.-Oot....
Ôct.- Nov___
Nov-.Deo. ..
Deo.-Jan___
Jan.-Feb___
Feb.-March.
Moh -April..
A pril-M ay..

M on.

T u es.

W ed.

12%

1

1:45

4

1:45

4

1:4b

4

d.
3 29
3 29
3 29
3 29
3 28
3 27
3 26
3 28
3 26
3 26
3 27

d.
3 29
3 29
3 29
3 29
3 28
3 27
3 26
3 26
3 26
3 26
3 23

d.
3 25
3 25
3 25
3 25
3 24
X 23
3 22
3 22
3 22
3 22
3 24

d.
3 25
3 25
3 26
3 25
3 24
3 23
3 22
3 22
3 22
3 22
3 23

d.
3 23
3 23
3 23
3 23
3 22
3 21
3 19
3 19
3 20
3 20
3 21

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

d.
3 25
3 25
3 25
3 25
3 24
3 *3
3 22
3 22
3 22
3 23
3 23

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

T h u rs.
1:45

4

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

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

F r i.
1:45

4

d.
3 25
3 25
3 25
3 25
3 24
3 23
3 22
3 22
3 22
3 22
3 23

<i
3 25
3 25
3 25
3 26
3 24
3 23
3 22
3 22
3 22
3 23
3 24

P.M. P. M. P. M. P. M. P. M. P.M. P. M. P. M. P.M. P.M. P. M. P.M

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

....

.... 1

....

....

.... ....

BREADS TUFFS.
Fr id ay , June 8i', 1898.

Business in the market for wheat flour has continued on a
very moderate scale, only as with the prices for the grain
«till showing a downward tendency buyers have been slow
to operate and the fact that in a number of instances they
still have supplies coming to them purchased at figures mater­
ially above those now ruling also serves to make buyers show
•extreme conservatism in placing orders for additional stock.
Rye flour has continued to meet with a slow sale and prices
have again declined. Corn meal has had only a small demand
and the tendency of prices has been towards a lower basis.
There has been only a moderately active speculation in the
market for wheat futures. Early in the week prices declined
rather sharply under continued free liquidation of the hold­
ings by the recent bull operators, dull and depressed foreign
advices, and a return o f favorable weather conditions for the
harvesting of the winter wheat crop. The decline in prices
on Saturday amounted to l% c. for July wheat, while the dis
tant deliveries showed only fractional changes, and on Monday
prices for July showed a further loss of 2 ^ c . and other
months were % Cà>lc. lower. Tuesday there developed a stronger
tone. On a report that large cash holdings in tae Northwest
hanging over the market had been taken control of, together
with stronger foreign advices, some crop damage reports
from France, the strengthening factors, prices advanced
lM @ 2 ^ c.
Wednesday, despite
stronger
foreign ad­
vices and crop damage reports from the Southwest, the
market turned easier, and under liquidation by longs prices
«howed a decline for the day o f l @ l ^ c . Thursday the mar




July delivery. . . . . . . . ...o .

Sat.
29

Mon.
29

Tues.
29

Wed.
29

Thurs.
29

Fri.
28

Rye has had only a limited sale, but values have held
about steady. B trley has been neglected and prices quoted
have been largely nominal.
The following are closing quotations:
Patent, w inter.......$4 50 @4
Pine.........................$2 95 @3 00
City mills, extras . 5 40 @5
S u p e rfin e ........... 2 40 @3 25
Rye flour, superfine 3 00 @3
Extra, No. 2 . . . . . . . 3 40 @3 50
Buckwheat flour...
......
Extra, No. 1 ........... 370 @3 75
Com meal—
Oleare....................
385 @4 15
Western,
e
to
......
2
15
@2
Iwaigbits.. . . . . . . . . . 4 00 @4 60
Brandywine . . . . .
2 25
Patent, Spring..... 4 50 @5 50
[Wheat flour in sacks sells at prioes below those for barrels.]

85
60
50
20

GRAIN.

vheat—
Hard Duluth, No. 1.
Bed Winter, No. 2..
Hard Man., No. 1 ..
Northern, So. 1 ...
ate—Mix’d, per bsh.
White .. .................
No. 2 m ix e d ........
No. 2 white........ .

0.
e.
Com, per bush—
0.
0.
Western m ixed.... ....3 5 @ 39%
Nominal.
..
.
35%®39%
No. 2 mixed..........
7 4 % » 88
Western Y ellow ... ....3 6 ®3778
Nominal.
Western W hite.... ...36% @38%
92
75%
Rye—
27 %@ 30
Western, per bush ...4 8% »50%
30 @ 35%
@50
State and Jersey..
28%@ 29%
Barley—Western . . . ....5 3 @58
31 @ 32
Feeding

The movement o f breadstuffs to market as indicated in the
statements below is prepared by us from the figures col­
lected by the New York Produce Exchange. The receipts at
Western lake and river ports for the week ending Juue 18, and
since Aug. 1, for each o f the last three years, have been as
follows:
__________________ _
Receipts a t—
O h icago.........
M ilw aukee
D u lu t h .........
M inneapolis*
D e t r o it .........
St. L o u i s . . . .
P e o r ia ...........
K ansas C ity.
T o t.w k .’98.
dam e w k .’97.
la m e w k.’ 96.
lin es A u g . 1.
1897-98...........
1896-97...........
1895-96...........

Flour.

W heAt.

C om .

Oats.

B arley.

B yt.

Bbls. 196 lbs Bush.dOlbs Bush.56lbs Bush.32lbs BushASlbs Bu.58 lbs.
18,300
54,500
1,291,400
2,817,663
169,050
41 920
6,600
24.000
187,000
262.600
129,950
40 2 0
11,992
13.077
9,891
49,209
380,420
59,090
74,370
65,480
279.030
825
4,847
30,702
134,526
62,804
478
660
10,844
15,050
61,039
1,400
.............
127.246
SI, 606
236;T26
173,965
408,620
45,021
14,445
1,50«
6,000
139.850
5,700
302,460
5,750
61,000
08,000
08,000
164,158
226 359
266,941

1,192,754
1,513,950
2,800.064

4,396,313
3,507,461
1,999,055

2,109,414
3,621,015
3,630,153

93,891
406.172
469.062

43,798
63,685
60,069

10,659,464 118,229,504 220,159,022 109,977.700 85 368.015 10.587,984
10,418,167 153.477,650 148,660,33 S 101.289,685 87,789,457 6,9)8,602
9,863,344 190.741,663 109,967.44'J 137,057,460 38.3. 2,3501 3.833,38ft

The receipts o f flour and grain at the seaboard ports for the
veek ended June 18, 1898, follow :
W h e a t,
C orn,
Flour,
bush.
bush.
bbls.
551,606
114.006 1,4 >8,55 3
81.970
70,595
21 259
16
¿,900
437.879
34,26.1
17,720
598,279
Pniladelphia . . . . . . . .
54,706
120,010 1.602.403
B i l t i m o r e ..................
34,337
8,702
30,2«O
R ic h m o n d ..................
747
41,400
295,727
New O rle a n s * .,........
54,114
65,000
316,000
N e w p o rt N e w s.........
15,000
30.000
N orfolk.....................
714
23,900
11,000
G a lv e s t o n ......... -........................
Receipts a t—
N ew Y o r k ...............
B is to n .........................
M o n t r e a l....................

Oats,
bush.
904 100
337,930
144.570
180 991
79,111
1.101
44,705

B a rley .
bush.
1,950
........
600

B y e,
bush .
102,775
526
44,570
" 51,120

6,000‘

2,550
198,090
212,749
42,948
* R e c e ip ts d » n o t in c lu d e gra in p a ssin g th r o u g h N ew O rlean s f o r f o r e i g n
p orts o u t h r o u g h b ills o f la d in g.

Total week........ 2?o,746 1.972,378 3.819.809 1.704,5 >3
Week 1897................ 374,002 1,035,788 2,331,370 2,646,648

JU N E 2 5 ,

THE CHRONICLE.

l W b .j

1245

Total receipts at ports from Jan. 1 to Jane 18 compare as
D o m e s t i c C o t t o n G o o d s . —The exports o f cotton goods
follows for four years:
from this port for the week ending June 20 were 19,859
R eceipts o f —
1898.
1897.
1896.
1895.
packages, valued at $688,808, their destination being to the
F l o u r ......................
7,405,655
5,883,989
7,323,329
points specified in the tables below :
W h e a t ......................b u s h . 51,932,457
C orn ..................... . .
“ 111,031,984
O ats ................ ..
“
49,610,030
B a r le y .................... ..
"
2,725.805
R y e ......................... . .
7,923,031
T o ta l g r a in ..,,.

"

223.279.30X

19,229,760
91,982,167
33.472,097
6,910.734
4,0.6,679

20,202,667
86,590,404
20,860,983
3,7(13 403
1.021,201

14,633.577
17,099,641
17,813.736
1,403,963
107,600

154,071,437

83,440,728

51,018,517

The exports from the several seaboard ports for he week
ending Jane 18, 1898. are shown in the annexed statement:
W heat,
Oorn
F lour,
E x p o r ts from ,—bush.
bush.
bhls.
074,^35 117,480
N ew Y o r k ....... 1,676 132
B o s t o n ............. 112,748
357,408
43,307
P o r tla n d ..................................................................
P h ila d elp h ia ..
14,000 630,622
33,«75
B a lt i m o r e .......................
719,746
22.722
N ew O rlean s..
42,017 75.864
2,824
N o r fo lk .............................
80.000
714
N e w o ’r t N ews
85,000 316.000
16,000
M o n t r e a l ....... 350,512 1,040,317
23,964
G alveston . . . .
16,250 .............
541
T o ta l w e e k ..2.176.659 4,044,929
Sam e t im e '97.1,824,027 1,773,095

Oats,
bush.
546,357
330,700

E ye,
bush.
150,002

50.000
80 000
50.000

8,900
107,143

285,048

96,521

8,440

260,517 1,341,105
178,999 1,127.638

808 566
151,853

29,059
44,752

P eas,
bush.
20,619

P arley,
bush.
22,207

22 ,20.

N ew Y ork

to

1898.

1897.

Week. Since Jan. 1.

Week. Since Jen. 1.

J une 20.

Great Britain........ .
Other European.............
China................... ............
India.................. ..............
Arabia..............................
A fr ic a ..............................
West Indies.....................
M exico..........................
Central America............
South A m erica .............
Other C ou n tries.........

77
81
15,772
34
ISO
51
134
1,076
2,004

1,914
716
80,040
7.811
18,864
7,672
7.023
2,193
3,591
25,525
11,715

Total..........................
China, via Vancouver*

19,359
2,200

167,064
4,353

2,943

140,545
9,250

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

21.559

171,417

2,943

149,795

92
66
1,177
503
230
67
101
642
65

387,78g

The destination o f these exports for the week and since
September 1, 1897, is as below.

2,553
2,077
65,462
3,682
14,849
11,907
7,229
1,606
3,632
25,502
2,046

The value o f the New York exports for the year to date
has been $o,807,928 in 1893 against $5,506,333 in 1897.

r ~ ----- Fu)u r.---------- , ,----------W h e a t.--------- , ,------------ C orn.----------E xp orts f o r
The home demand for brown sheetings and drills in heavy­
W eek
S ince Sept.
W eek
Since Sept.
W eek
Since Sent
week and since J u n e 18.
1,1897.
J u n e 18. 1, 1897.
J u n e 18.
1,1897
weights shows some increase. Leading makes are scarce and
Sept. 1 t o —
bbls.
bbls.
bush.
bush.
bush.
bush.
U n ited K in g d om 195.642 8,301.779
887,940 57,234.216 2,102,140 78 521891
hrtn in price. Export orders are difficult to place for near
C o n tin e n t.............
86,190
1,257,043 1,250,749 48,176.861 1,916,999 87,(68 620 shipments, but the outw ird movemsnt on existing contracts
8. & C. A m e r ic a .
8,136
809,601
868,897
9*4
143725
W e s t In d ie s ........
5,976
868,050
1.375
13,012
1,882883is large.
Light-weight brown and grey goods in fair demand,
B r. N. A m . C o lo ’ s
1,046
220.108
2,700
11,000
418581
Tne new prices >□.
O th er cou n tries..
13,527
* 72,243
36,970
933,632
1,844
1,254|463 without quotable change- in prices.

bleached cottons, noted last week, have brought outa satis­
factory volume of business, and the market shows a steadier
front
than for some time past. The demand for wide
The visible supply of grain, oomprismg the stocks in
Cotton
granary at the principal points o f aooumulation at lake and sheetings continues slow, prices unchanged.
flannels and brackets scarce and firm. Quilts dull. Den­
seaboard ports, June 18,-1898, was as follows:
ims in steady demand and prices maintained. ’ Other
W h ea t,
Corn,
Oats
R y e.
B a r le y ,
coarse, colored cotions in average request, easy to
I n store at—
bush.
bush.
bush.
bush.
bush.
N ew Y o r k ............
4,049,000
968,000
428,000
48,000
7,000 buy but not -quotably lower.
There has been an excel­
Do
afloa t.
8,000
Albany.............
lent demand for new dark fancy prints, and the season
190,000
75,000
B u ffa lo.................
681,000
1,210,000
1,41«,000
209.000
232.0C0 promises unusually good results.
Light fancies in both
Do
afloat.,
C h ic a g o ...
calicoes and thin specialties have sold at low prices to a mod­
03S.ÒÒÓ
7,996,000
440,000
288.000
'
IS,Ò
O
C
m a flo a t.........
erate extent. The demand for indigo blne3 and other regular
M ilw au k ee ..................
119,000
4.000
6.000
Do
a flo a t...........
lines of prints has been rather above recent average- prices
D u lu th ...
2,341,000
270,000
’ 04,000
31,00<
unchanged. Napped goods of all kinds are selling well
Do
a flo a t...........
T o le d o
760.000
149,000
Staple ginghams quietly firm. Dress style ginghams in good
80.ÒÓÒ
ìsiòbo
Do
a flo a t......... .
request for fall. Print cloths continue firm on basis of 2c for
D e t r o it ..
112 odo
27,000
6,000
21,000
Do
a flo a t.........
extras; demand for odds has been fair but limited for extras.
O sw ego .
14,000
St. L ouis.
F o r e i g n D r y G o o d s . —The demand for fall lines of im­
81,000
240,000
102,OÓÒ
**¿.000
Do
a flo a t...........
ported merchandise has been quiet throughout, and orders
C in cin n a ti.....................
' 40,000
” 4,000
B o s t o n ...
are readily accepted at previous prices for dress goods silks
Ì70,ÒÒÓ
120,000
655.000
T o r o n t o ..
20 000
2.000
2.00C and other leading lines.
Basiness in seasonable goods’ is er­
M on trea l
177.000
85.000
1,053,000
18,000
30,00c
Philadelphia.
ratic,
and prices very irregular.
27.000
1,800,000
260.000
T ota l
T o ta l 1890-7.........

260,517 11,728,822 2.176,659 107,217,711 4 044,929 108,785 503
178,999
9.808,549 1,824.027 49,176,183 1.773,095 146,386 895

P e o r i a ...........
Indian ap olis.

1,000
6,000
282 000
221.000
M in n e a p o lis . . . . . . . . . 7,713,000
On M ississippi R iv e r .
094.000
On can al a n d r i v e r , ,
26,000
T ota l
T o ta l
T o ta l
T o ta l
T o ta l

Ju n e
Ju n e
I une
June
Ju n e

18,1898.19.034.C00
U .L 898.19,681,000
19,1897 20 673 000
20.1896.48,419,000
22,1895.40,226,000

THE

DRY

170.000
59.000
123.000
1,9*9,000
745.000

173.000
20,000
18,000
143.000
93,000

8.479.000
1.281.000

579,000
1 ,241,000

22.172.000
21.362.000
17.367.000
9.370.000
9.499.000

7.092.000
7.113.000
9.092.000
8.396.000
7.976.000

GOODS

1.000

'21,000

169.000
32.000

' 79,0'Òb
61.000

1.039.000
1.178.000
2.342.000
1.521.000
137.000

3,0)0

The importations and warehouse withdrawals of dry goods
at this port for the week ending June 23, 1898, and sine«
1, 1898, and for the corresponding periods of last
’ i'o.öoi January
year are as fo llo w s:
169.000
20 , 00 «




S

523 000
497.000
1,143,00«
957,0C0
130.000

g

os? *—
•o
p g wst

g b C S o 5

s

ifF ill

TRADE

P. M „ June 24, 1898.
Business at first hands during the past week has reached a
very fair total. The new prices in bleached cottons and in
prints have contributed to this result to a large extent, but
in other directions some increase in the demand can be noted
also. As buyers just now are busily engaged with stock-tak­
ing preparations, and presumably not anxious to increase their
obligations until after the end of the month, the improve
ment is all the more encouraging, as it promises still more
liberal operations later on. The general tone has been
steady and the impression is gradually gaining ground
that since the new prices referred to above were made, the
market has reached a level upon which operations can be
conducted with greater assurance of values being at least
maintained In several directions the cotton goods market
is in a well-sold-up condition, with production well covered
for some time to come. Fuller buying in these may be
looked for next month, and an upward tendency, with a good
sympathetic influence over the rest of the market, is by no
means improbable. General trade reports continue satisfac­
tory regarding both local and out-of-town markets, and few
complaints are heard on the score of collections.
W o o l e n G o o d s . —There has been more business in m en’ swear heavy woolen and worsted fabrics this week than for
some time past. Clay worsteds at the lower prices reported
last week have sold with some freedom. There is considera­
te irreg u la rity
Prices
other descriptions of both staple
and fancy lines. Business for next spring has been confined
almost entirely to quiet transactions in serges, but no leading
agent will admit having made prices on these yet. Some lowgrade cassimeres are also selling for the new season on pri­
vate terms. Business in overcoatings has been moderate and
mainly confined to kerseys, where the conditions are favorable.
Cloakings rule quiet and without special feature. Flannels
mu blankets are firmly held in face of a quiet trade demand.
Ih e demand for dress goods has shown moderate im prove­
ment in fall lines, without quotable change in prices.
N ew

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tate

THE CHRONICLE.
aw

> C ity D E fA ffrw E N T .

T ER M S O F S U B S C R IP T IO N .
The I nvestors’ Supplement will be furnished without
lostra charge to every annual subscriber of the Commercial
and

Financial Chronicle .

The State and City Supplement will also be furnished
Without extra charge to every subscriber of the Chronicle .
The Street Ra il w a y Supplement will likewise be fur­
nished without extra charge to every subscriber of the
Chronicle .
The Quotation Supplement , issued monthly, will also be
nrnished without extra charge to every subscriber of the
Chronicle .
TERMS for the Chronicle 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 A dvertisin g—(P e r inch space.)
Transient matter (each time) $3 50 I Three Months (13 tim es)..$25 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 I Twelve Months (52 tim es). 58 00

Macoupin County, 111.—Bond Call.—The Board of Super­
visors has called for payment July 1, 1898, the following
bonds:

N< s. 620, 621, 528, 5°8, 6?9, 540. 541,550,561,655 to 6’ 4, inclusive, all in denomi­
nation of $1*'0. Bonds Nos. 57, 68,60, 61, 74, 00, 08, >02, 108, 1' 4,1«'6,106, HO.
112.118, 114,125,126,134,138,136,187,188, 13 , 140, 141, 148, 144, 153, 164, 166,
167,160.177,179, 180, 181,183,184. 220, 281, 232, 234, 251, 264, 277, 2 8, 288, 285,
288, 2i 4,301, 807. 808, 809,319 to 326, inclusive, 328 to 622, inclusive, *■24 to 734,
inclusive, all in denomination ot $500. Bonds Nos 1*1, and 134 to 138, 140 to
146,188 to 199.23-, 268, 269, 277 to 290. So«, 305, 3 9 to 315. 381, 883, 334. 341, 351
to 866, 861, 362, 365, 391,424, 425,428 and 460 to 866, inclusive of all Dumbers
mentioned, and in denomination of $l,o00.

Bonds will be paid at the office of the County Treasurer or
at the Mississippi Valley Trust Co., St. Louis, or at the bank­
ing-house of N. W . Harris & Co., Boston, New York and
Chicago.
The official notice o f this bond call will be found among the
■advertisements elsewhere in this Department.
B o n d P r o p o s a l s a n d N e g o t i a t i o n s this
week have been as follows:
Abilene, Kan.—Bond Sale.—The city has sold an issue of
$3,000 5% refunding oonds. Securities mature $1,000 yearly.
Akron, Ohio—Bond Sale.—On June 18, 1898, $41 600 5#
street improvement bonds were awarded to Rudolph Kleybolte & Co., Cincinnati, at 104‘03. The total bonds offered
for sale was $51,100, but only $41,6J0 was issued. Following
are the b id s :
F or $4 1 ,60c dn issued—
I For $51.100 as Advertised—
R u d olp h K le y b o lte & Co..Cin.$4S,276 48 C itizen s’ S. & L . C >„ M a n s f’d.$53,38610
B riggs. Sm ith & Co., C incin
48,2<>5 76 |W . J. H a yes & S ons, C le v e .. . . 68,134 00
D en ison . Prior & Co., < l e v e .. 48,107 20 i F a rson , L ea ch A C o , C h icago 52,8 8 •8
E. H 14ay & Co., B o s to n ......... 4 3 , l o i 71 Spltzer & Co., T o le d o . 1........... 52,889 67
8 eason g ood & M ayer, C incin. 42,971 00 I J.a m p iech t B ros. Co., C le v e .. 52,82’ 18
I N ew M rst N at Bk., O olum b.. 52,760 75
M a m fle ld Savings B a n k ......... 5 ’ ,501 00
I S. A . K ean , C h ica g o .................. 52,377 6«'

tvou txvi.

v oted . T h e deta ils o f th e issue h av e n o t y e t been determ ined,
B e re a , O h io .— B on d S a 'e. — On J u n e 20 1898, th e $3,0” 0 5*
b on d s f o r the re b u ild in g o f C o u n cil H a ll w ere a w a re d to
8 «4 son g ood & M aver a t 102*433. F o llo w in g are the b id s :
Seasongood &Mayer, Cincin $3,073 00 Noel-Young Bd.&St’kCo.,St.L.$3,**36 00
S. A. K an, Chicago .............. 3,067 60 Soitzer & Co., Toledo.
.. -*,034 0$
The Croaati Bank, Fremont... 3,062 00 New First Nat.B’k, Columbus 3,'*25*0
Rudolph K e?bolte(&Co.,Cin. 3,047 O' N W. Harris & Co.. Chicago... 8,0o8 00
The Lam >>recht Bros.Co.,Clev. 3,046 00 Mrs. M. S. MattUon. Berea
W. J Hayes & Son-. Cleve.... 3,045 00 ($50e)................................... 503 00
The Batik of Berea Co.. Berea. 3.041 70
B onds m a tu re p a rt e v e ry s ix m on th s fr o m M ay 1, 1899, t o
N o v . 1,1904, in clu siv e. F o r d escrip tion o f b on d s see C h r o n ­
ic l e M ay 28, 1^98, p. 1054.
B e r lin , N. H .— T em p ora ry L o a n .— T h e c it y has n egotia ted
a loa n o f $10,000 at
L o a n bears date J u n e 8, 1898, and
m a tu res D ecem b er 8, 1898.
B o u r n e , M a s s .— B on d S a le.— T h e to w n has a w a rd e d to E.
H . G a y & C o., B oston , £15,000 4% “ S h ore R o a d lo a n ” n otes.
S ecu rities m a tu re $1,000 y e a rly o n J u n e 1, fr o m 1903 to 1917,
in clu siv e.
B r a d f o r d ( O h io ) S c h o o l D is t r i c t .— B o n d S a le.— O n J u n e
15, 1898, th e $13,000 5% re fu n d in g b on d s w e re a w a rd e d to th e
S ociety f o r S avin gs, C levela n d.
B r e w e r , M e. —B on d s A u th orized .— T h e C ity C o u n cil has
a u th orized a loa n ot $8,000 fo r sew ers. L o a n m a tu res $2,000
in on e yea r, $2,000 in tw o yea rs, $1,000 in th ree years, $1,500
in fo u r years and $1,500 in five yea rs. In terest w ill b e p a y ­
a b le sem i-ann ually.
B r is t o l C o u n ty ( P . 0 . T a u n t o n ), M a ss.— B on d S ale.— O n
J u n e 17, 1898, th e $100,000 4% loa n w as a w a rd e d to J o se P a r­
k er & C o., B oston , a t 102 4979. F o llo w in g a re the b id s:
. .102*290
Jose Parker & Co.. B> ston....... "102'497 IR. L. Day & Co , New York
Parkinson &Burr, Boston.......104*460 |Adams & Co.. Boston ................102'180
City of Fail R 'ver...................102*430 j Vernilre & Co., Boston.............. 102*159
'i hird National Bank, Boston... 102*390 Blodget, Merritt & Co............... 10i*13S
E. H. R llins & Son, Boston.... 102*310 |Estabrook & Co., Boston............101*567
P rin cip a l w ill m a tu re J a n e 18, 1902. F o r fu rth e r d escrip ­
tio n o f loa n see C h r o n ic l e J u n e 11, 1898, p. 1152.
B u ffa lo C e n te r , I o w a .— B o n d S ale.— O n J u n e 15, 1898,
th e $4,200 6# w a te r-w o rk s b o n d s w ere a w a rd e d to F a rs o n ,
L e a ch & C o ., C h ica go, at 106*785 and b la n k b on d s. F o ll o w ­
in g are tb e b id s:
Farson. Leach 8r Co., Chicago....$4,485 |S. A. Kean. Chicago.................. $4,389
W. J. Hayes & Sons, Cleveland.. 4,490 1DukeM Farson, Chicago........... 4,270
Denis- n. Prior & Oo , Cleveland. 4,426 IWinnebago County Sta' e Bank.. 4,226
Trowbridge. MacDonald & Niver
1Kane & Co., Minneapolis............ 4,200
Co., Chicago............................ 4,386 1M. A. Devitt &Co., Chicago........ 4,200
B on d s m a tu re 20 yea rs f r o m date o f issue, s u b je c t t o c a ll
a fter ten years. F o r fu r th e r d e s crip tio n o f b on d s see C h r o n ­
ic l e J u n e 11, 1898, p. 1152.
B u ffa lo , N. Y.— B on d S a le.— O n J u n e 22,1898, th e $250,000
3%% registered re fu n d in g pa rk b o n d s w ere a w a rd ed to Street,
W y k es & C o., N ew Y o r k , a t 102*02, and th e $84,548 75 3 ^ #
E lk S treet M arket e x ten sion re fu n d in g b o n d s t o J ose p h E .
G a vin , B u ffa lo, at 101*02. F o llo w in g are th e b id s :
For the $250,000 R efu n d in g P a rk Bonds.
Stree\ Wykes & Co., New York,102*02 |E. H. Rollins & Sons, Boston...101*633
Whann & Schlerineer, N. Y......Io2'01 I Parkinson & Burr, Boston.......101*435
Jos. E Gavin, Bufialo
..........101*765 I N. W. Harris & Co., New York..101*41
Jesse C. Dann, Buffalo............. 101*625 |
For the $84,548 76 M arket R efu n d in g B onds.
Jos. E. Gavin, Buffalo.................101*02 I Whann & Schlesinger.New York.l00*71
N. W. Harris & Co., New York.... 100*83 1
T h e pa rk b on d s m a tu re $12,5 0 y e a rly on J a n e 1 fr o m 1899
to 1918, in clu siv e.
T h e m a rk et bond s m a tu re on e-fifth
y ea rly , b e g in n in g J u n e 1, 1903. F o r fu rth e r d escrip tio n o f
bon d s see C h r o n ic l e J a n e 18, 1898. p. 1205.
T b e c it y has issued its m o n th ly lo c a l w o r k b o n d fo r
$5,575 47, da ted J u n e 15, 1898, bearin g %% in terest a nd m a ­
tu rin g J u n e 15, 1899. B o n d w a s taken b y th e C o m p tro lle r
fo r in v estm en t in th e P a rk B on d R ed em p tion S in k in g Fund.
B u n k e r H i l l , 111.— B on d s V o ted .— T h e issu a n ce o f $7,000
e le ctric-lig h t p la n t bon d s w a s a u th orized a t a recen t e le c ­
tion .
C ed a r R a p id s ( I o w a ) I n d e p e n d e n t S c h o o l D is t r i c t .—
B on d Sale.— F o llo w in g are th e b ids re ce iv e d J u n e 20, 1898,
fo r $73,000 4% r e fu n d in g s c h o o l b o n d s :

Bonds mature part yearly from 1899 t<? 1904 inclusive. For
full description of bonds, see C h r o n ic l e June 4,1898, p. 1101.
Albany, N. T.—Bonds Authorized.—The Common Council
has passed a resolution directing the Board of Finance to
issue $15,000 Beaver Park bonds.
Andover, Ma^s.—Bond Offering.—Proposals will be re­
ceived until 7:80 P. M. June 28, 1898, by Geo. A. Parker,
Town Treasurer, for $80,COO 4% sewer bonds. Securities are
issued pursuant with Chapter 386, Laws of 1895, and were
authorized by a vote of the town on March 7, 1898. Interest
will be payable June 1 and December 1 at the National Bank
of the Commonwealth, Boston. Principal will mature as
re m iu m , j
P re m iu m .
follows: $10,000 in 1903, $20,000 in 1908, $20,000 in 1913 and N. W. Harris & Oo., Chicago P.....
**292 Denison, Prior & Co., Cleveland.. 187
$30,000 in 1928.
Rudolph Kleybolte & Co., Cincin. +367 Mason, Lewis & Co., Chicago.......$11T
Mac Jonald & Niver
I First National Bank, Cuicago....... 101
Ashland. Ohio.—Bonds Authorized.—The Village Council Trowbridge,
Co., Chicago.............................. 285 I 8. A. Kean, Chicago ... ............... Par.
has authorized the issuance of the following street-improve­ -----IW. J- Hayes & Sons (less $500)......Par.
* Delivery in Cedar Rapids. + Delivery in Cincinnati.
ment bonds:
$80,000 6% M alu Street Im p ro v e m e n t b o n d s, m a tu rin g $3,000 e a ch s ix m o n th s
B on d s m a tu re 10
fro m S eptem ber l, 1899, t o M arch i , 19**4, in clu s iv e ,
F or
16,000 6jt C otta g e S treet im p ro v e m e n t bon d s, m atu rin g $1,000 e a ch s ix m o n th s a fte r 5 years.
fr o m S eptem ber 1,1899, t o M arch 1, 1907, in clu sive.
ic l e J a n e 11, 1898,

Securities are in denominati< n of $500, dated July 30, 1898.
Interest will be p+yable annually. The bonds are issued un­
der Section 2705, Revised Statutes of Ohio.
Avalon, Pa.—Bond Sale.—On June 16, 1898, the $26,000 4%
sewer improvement bonds were awarded to the Mercantile
Trust Co.. Pittsburg, at 100’375. Bonds mature $1,000 yearly
•on August 1 from 1903 to 1928, inclusive. For further de­
scription of bonds see C h r o n ic l e June 11,1898, p. 1152.
B aker City, Ore.—Bond Election.—An election will be held
June 25,1898, to vote on the question of issuing $124,000
water bonds.
Barnesboro, Pa.—Bond Election.—An election will be
held July 9,1898, to vote on the question of issuing $9,500
water-works bonds.
Bayfield County, W is.— Bond Issue. —The County Board
has decided that the Bayfield Washburn & Iron River Rail
road Co. is entitled to receive $40,000 more of the $240,000
bonds voted in aid of the construction of this road. There
are still seven miles of road to be completed, and it is ex­
pected that this will be done early in July.
Bellevue, Pa.—Bonds Voted.—A t the election held on
June 14, 1898, the issuance of $48,000 4% sewer bonds was




years fr o m d a te o f issue, s u b je c t t o c a ll
fu r th e r d e s crip tio n o f b on d s see C h r o n ­
p. 1152.
C h ica g o , 111.— B ids.— F o llo w in g are th e b id s re ce iv e d Ju n e
15, 1898, fo r th e $98,000
g o ld re fu n d in g bond s :
P r e m i u m ,.

P r e m iu m .

Home Sav. Bk., Chicago........ $3,686 80 Blidget, Merritt & Co.. Bost... 1,058 40
N. W. Harr's & Co., Chicago... 3,029 00 I Ksiabrook & Co., Bo-ton........ 1,029 00
Farson. Leach & •o., Chicago. 2,616 60 i Biake Bros. & Co.. Boston.. .. 460 60
Illinois Tr. & Sav. Bk.. Chic... 1,695 40 R. L. Day & Co., Boston......... 38122
Mason, Lewis & Co., Chicago. 1,5-7 60 1
A s stated last w eek, b o n d s w ere a w a rd ed to tb e H o m e S a v­
in gs B ank at 103*66.
C h ic a g o (111.) S a n it a r y D is t r i c t .— B on d O fferin g.— P r o
posals w ill b e re ce iv e d u n til 12 M. (sta n d a rd tim e), J u n e
29,1898, b y the B o a rd o f T ru stees, J am es R e d d ic k , Clerk,
1110 S ecu rity B u ild in g , C h ica g o , fo r $200,000 3 ^ bon d s. Se­
cu ritie s are in d en om in a tion o f $1,000, w ith in terest pa ya b le
J a n u a ry a nd J u ly at th e office o f th e D is trict T reasu rer
P rin cip a l w ill m a tu re J u n e 30,1918. A certified ch e ck fo r 3%
o f th e a m ou n t b id , p a y a b le to th e “ C lerk o f the S an itary
D istrict o f C h ica g o ,” m u st a cco m p a n y proposa ls.
The official n o tic e o f th is bond offerin g w ill be f o u n d a m on g
th e a d vertisem en ts elsew here in th is D ep a rtm en t.

J une 25, 1898.]

THE CHRONICLE.

1247

Cleveland, Ohio—Bond Sale.—On June 20, 1*98, the $235,- July 1. 1928. Proposals will be opened in the Mayor’s office0C0 4# sewer district bonds were awarded to R. L. Day & Co., at 8:30 p . m . July 5,1898, and a payment of 20# o f the fa ce
Boston, at 105 34 Following are the bids :
value of bonds will be required of successful bidder when
B. L . D a y & Co., B osto n ....... $247,649 00 I N . W . H a rris A Co., C h ica go 246,809 On award is made.
The city has no bonded debt at present, but
Mason, Lewis A Co., C h ic... «47,495 17 Parkinson & Burr, Bost'-fcu. 245,176 80
Eyrson, Jj, ach <s C o ., Chic... 247,147 75 | Denison. Prior & Co., Cleve. 245,030 00 a floating debt of $6,000. The assessed valuation is about
V'bann & Schlesin^er, N. Y. 247,U'860 Hud lph K leybolte & Co.,
$2,000 000 and population about 7.000.
. . . . 244,900 00
E stab rook & Co., K o s t o n .. . . 245,927 00 j C in c in n a ti.................
Grand Island (N eb.) School D istrict—Bond Issue.—W e
nT. J . H a y e s & Sons. C le v e .. 245,410 60 S e a so n g o o d & M ayer,C incin. 243,883 00
Bonds mature October 1, 19 8. For further description of are advised that the $-'3 000 refunding bonis, mention of
which was made last week, will be sold at private sale prior
bonds, see Chronicle June 4,1*98. p. 1102.
Columbus ( Neb.) School D istrict.—Bond Sale.—On June to July 1, 1898. These bonds bear 5# interest and mature15, 1898, the $25 0*0 4 ^ # bonds were awarded to Trowbridge, July 1, 1918, subject to call after July 1, 1903. They are in
MacDonald & Niver Co., Chicago, at 101’326. Following are denomination of $500.
Greenville, Ohio.— Bonds Defeated.— At the election held
the bids :
T ro w b rid g e , M a cD on a ld &
I N. W . H arris & Co., C h ic a g o .$24,757 00 June 20. 1898, the proposition to issue $58,000 sewer bonds
N iv e r Co., C h ic a g o .................$25,331 50 M ason, L e w is & Co., < h tcago. 24,583 00 was defeated.
The vote was 424 for to 362 against, a twoH . B . L ord , C a sh ier............... 26,140 00 |D u ke M . F a rson , C h ic a g o .... 24,535 00 thirds vote being necessary to authorize.
Bonds mature May 1, 1918, subject to call after May 1,
Greenwich, Ohio.—Bond Sale.—On June 21, 1898, the
1908. For further description of bonds see Chronicle June $3,000
6# additional water-supply bonds were awarded to4, 1898, p. 1102.
W. J. Hayes & Sons, Cleveland, at 115. A full list, of th e
Conneaut (O hio) School D istrict.—Bonds Refused.— We bidders will be given next week. Bonds mature $500 each.
are are in receipt or the following letter from Messrs. Trow­
bridge, MacDonald & Niver Co., Chicago, relative to the April 1 and October 1, from April 1, 1918. to October 1, 1920.
A description of the bonds will be found in the Chronicle.
$8,0 0 5 per cent b mds awarded to them June 10, 1898.
May 21, 1898, p. 1012.

W e m a d e a b id f o r s c h o o l d is trict b o n d s o f C on neant, su p p osin g th e b o n d s t o
b e paya ble o n e e a ch year, w ith an a vera ge o f n in e years. W e did n o t h a v e a
co p y o f t h e a d v e rti-e m e n t an d learned t o o u r surprise th a t th e b o n d s w ere
p a ra b le o n e a ch six m onths, m akin g an a v e ra g e ot 4 ^ years. A t t h e p rice w e
b id th e iuvestm en t w o u ld n e t o n ly 3% p e r c e n t, w hich, o f co u r s e o n its fa ce
show s th at th e r e w as an e rro r som e w h e re . W e im m e d ia te ly n otified t b e offi­
cials, but h a v e re c e iv e d n o reply. T h e b o n d s w e re p resu m ably so ld t o t h e n e x t
b id d er, w h o h ad c o r re c t im o rm a tio n .

Cuyahoga Falls, Ohio.—Bonds Defeated.—A t the election
held June 18, 1898, the proposition to issue $60,000 water­
works bonds was defeated.
Decatur, Mich.—Bond Election.—A n election will beheld
June 27, 189*, to vote on the question o f issuing $6,000 elec­
tric light bonds.
Denver, C ol.- Bend Issue.—On June 16,1898, the Board of
Public Works issued $15,225 bonds for purchase of rights of
way for the Fourteenth Street Viaduct.
Dimmit, County, Texas.— bond Sole.—The county has
sold to the S ate Permanent School Fund the $4,200 refund­
ing bridge bonds recently approved by the Attorney General.
Donley County, Texas.—Bona Sale.—On June 14, 1898,
the State Board o f Education purchased $1,000 refunding
court house bonds.
El Paso, T ex.—Bo-nd Offering.—Proposals will be received
until 10 a . m ., July 1, 1898, by B. S. Catlin, City Clerk, for
the following bonds :
80.000 3% C ity H all and Fire Department bonds in denomination o f $1,000, and
dated Ju ly l, 189-<. Interest will be payable Jan uary 1 and Jul» 1, at
the C ity Treasurer's office or at t.he Chemical National Bank. New York
„„
C ity. Principal will mature Ju ly 1,1938, subject to call after Ju ly 1,1913.
15.000 3% sewer extension bonds, in denomination o f $1,000, and da' ed Ju ly 1,
1898. interest wlil be payable Jan uary l and J u ly 1, at. the C ity Treas­
urer’s office or at the Chemical National Bank, New York City. Princt_ , 'W - „p al Will mat m e Ju ly t, 1938, subject to call after Ju lv 1, 1913.
14.000 6% water- works bonds, in denomination " f $1,000, and dated October 1,
1889. Interest will be pavable April and October 1, at tbe C ity Treas­
urer’s office or at the Chem ical National Bank, New York Cit y. Princi­
pal will mature October 1,1909, subject to call after October 1,1899.

. A certified check for $1.0 0 must accompany bids.
E lyria (O hio) School D istrict.—Bond Sale.- On June 20,
1898, the $10,000 6$ bonds were awarded to the Society for
Savings. Cleveland, at 117. Following are the bids:
Society for Savings, C levelaD d..ll7‘00
Lam precbtBros Co., Cleveland.116-58
Farson, L e ch & ■ o.. Chicago. .116-161
Denison, P rior \ C<.. Cleveland.115-2«
W .J .H a y e s * S o n s,C le ve lan d ..11485
Rudolph Kleybolte & Co.. Cin. 114-75
M ason, Lew is & <’o. C h ic a g o ....' 14-135
N . W. H arri- & Co., C hicago ........114-09
Seasongood & Mayer, C i n c i n ....113-82
A tlas N at. Bank, Cincinnati....11M-275

Briggs Smith & Co., Cincinnati. 113-255
Sav. Dep. Banking Co , Elyria 112-45
R o g e rs* Sons Chagrin F a lls. .112-33
New First N at. B k , < olum bus.. 111*57
Lorain Co. B an tin g Co , E ly ria .li 8"09
Old Phoenix N at. Bank, Medina 107*79
T he N oel-Young Bond & Stock
C o., 8t Louis.................................... 103-56
D. J . N ye. Elyria................................. 101*277

Bonds mature $i00 yearly on July 1 from 1899 to 1918, in
elusive. For further description of bonds see C h r o n i c l e
June 11. 1898, p. 1153.
F all River, Mass.—Bond Sale.—On June 24, 1898, the
$100,000 4? sewer bonds were awarded to Wbann & Schlesinger, New York, at 113-333 Bonds mature July 1, 1928. For
descrip ion of bonds see C h r o n i c l e June 18, 1-98, p. 1206.
F lin t (M ich.) Union School District.—Bond offering.—
Proposals will he received by Guy M. Wilson, Chairman of
Finance Committee, until 1 p m June 25, 1898, for $16,000
4% school bonds. Interest will be payable semi-annually at
office of the City Treasurer, and the principal will matnre
$4,00n on Mar<*h 1st of each year from 1900 to 1903, inclusive.
Bonds will be issued in the denomination of $100, dated
July 1, 1898.
F oxborough, Mass.—Bond Offering.—Proposals will be re­
ceived uutil 2 p. m . July 1, 1898, by Edward M. Phelps, Town
Treasurer, 'o r $15,000 4% coupon bonds. Securities are in de­
nomination of #50' each, with interest paya *le January 1
and July 1, in Boston. Principal will mature $2,500 yearly
on July 1, from 1903 to 1908 inclusive.
Franklin County, Ky.—Bond Sale —Farson, Leach & Co.,
Chicago, have been awarded $62,000 4%% 20-year refunding
bonds at par.
Garfield (N. J .) School District. —Bond Sale.—On June
18, 1898, the $4 800 5$ school bonds were awarded to L. W.
Morrison, New Y >rk, at 104. Bonds mature $800 July 1,
1910, and $1,000 July 1, 1911 1912. 914 and 1915. For de­
scription of bonds see C h k o n i c l e May 21, 1*98, p. 1012
Goldsboro, N. C.— Pond Off ring,—Proposals will be re­
ceived until July 5, 1898, by D. J. Broadhnrst, City Clerk,
for $30,Quo 6# sewer bonds. Securities are is ued pursuant
with Chapter 61, private laws o f l*9t. Bonds «re in denom­
ination of $10'»datud July 1, 1898. Interest will be payable
semi-annually in Goldsboro and the principal will mature




Hackensack, N. J .—Bond Sale.—On June 20, 1898, the.
$11,0 0 street-opening bonds were awarded to Bertron <fc
Storrs, New York, at 100*36 for 4%% bonds. A bid o f
100 125 was also received from R. B. Smith & Co., New York.
Bonds matnre $2,200 in 1899, $4,40') in 1900 and $4,4d0 ia
1901. For further description of bonds see Chronicle June
11, 1898, p. 1153.
Temporary Loan.—The Hackensack Improvement Com­
mission have authorized a loan of $(,000 from the Hacken­
sack National Bank at 5#.
Hamilton, Ohio.—Bond Offering.—Proposals will be re­
ceived until 2 p . M. July 12, 1898, by the Board of Control
for $2,500 4%% sanitary sewer redemption bonds. Securities
aie in denomination of $250, dated August 1, 1898. Interest
will be payable semi-annually and the principal will mature
$250 yearly on August 1, from 1899 to 19( 8 inclusive. A cer­
tified check on a national bank for 10# of the amount bid
must accompany proposals.
H arrison County, Ohio.— Bond Offering.—Proposals w ill
be received until 12 M. July 9, 1898, at the office of the County*
Auditor in Cadiz, for $9,000 6# Green Township free turn­
pike bonds. Securities are in denomination of $l,00i», dated
July 9, 1898. Interest will be payable semi-annually, and'
the principal will mature $1,000 every six months from March
1, 1906, to March 1, 1910, inclusive. Securities are author­
ized by amended Section 4808, Revised Statues of Ohio.
Harrison, N. J .—Bond Sale.—The town has awarded t o
Edw. C. Jones Co. $94.300 4%% 30-year bonds at 106-55. A »
stated in the C h r o n ic l e June 11, 1898, the highest bid
received at the meeting: o f the Council June 7, 1898, was that
of Farson, Leach & Co., New York, since which date four
additional bids were received, amongst which was that o f
Edward C. Jones Co , New York. Securities are as follows :
$14,000 school bonds, $14,00J fire bonds and $66,300 streetimprovement bonds.
H ornellsville, N. Y.—Bond Sale.—On June 20, 1898, the
$9,500 6# paving bonds were awarded to Whann & Schlesinger,
New York, at 105-50. Bonds mature $2,000 yearly from
1899 to 1902 and $1.500 in 1903 For further description o f
bonds see C h r o n ic l e June 4, 1898, p. 1103.
Huntingdon, Tenn.—Bond Sale.—The city has sold the
$1,000 electric light plant bonds recently voted to a local bank.
Huntington (Mass.) F ire D istrict.—Bond Offering.—Pro­
posals will be received until 8 p m ., June 27,1898, by Charles
M. Lindsey, Treasurer, for $25,000 bonds maturing 30 years
from date o f issue, or $1,000 payable yearly commencing iu
1904. A certified check for $100, payable to the Treasurer,
must accompany proposals. The total debt of the district,
including this issue, is $36,000. The assessed valuation is
$365 000.
Indianapolis (In d .) School D istrict.—Loan Awarded.—
On June 17, 1898, the Board of School Commissioners
awarded the $260,000 loan to Denison, Prior & Co., Cleve­
land at par. less a commission of $975, for notes bearing 4#
interest. The only other bid was from Farson, Leach & Co.,
Chicago, who bid a premium of $117 50 for a 4^# loan.
Notes will be dated July 1, 1898, and mature June 30,1898.
For further description of loan see Chronicle June 4,1898.
p. 1103.
Ironton, Ohio.—Bond Safe.—Rudolph Kleybolte & Co.,
Cincinnati, were the highest bidders on June 16, 1898, for
the $7,000 5# wharf bonds. Following are the bids*
Rudolph Kleybolte & Co.. Cin.$7,285 00
S . Kuhn & Sons. Cincinnati . . . 7,283 5o
Seasoned tod <s Mayer. C iu cin .. 7,26« 85
W . J . Hayes & Son-«, Cleve. . . . 7,261 00
Center ille National Bank . . . 7,235 75
Denison. Prior & Co.. C le v e ... 7,2 400
T he Lam precht Bros. Co., Cle. 7,221 UO

Spitzer & Co., Toledo................... 87,162 40
New Fir»t Nat. Bk.. Colum b’s 7,157 75 .
First National Bank, Ironton. 7,105 00
Briggs, S m i.h & C o., C in c in ... 7,075 60
Heceived too late to be, t.onsidrred:

Mason, Lewis * Co., Chicago. .$7,16617
8 . A . Kean, Chicago
.............. 7 ,UU 75

Bonds mature 1908, subject to call after Jaly 11, 1908. F or
further description of b on is see C h r o n ic l e May
28,1898.
d.
^
7
7
Jackson, Mich.—Bond Sale.—On June 20, 1898, the $10,000 water main extension bonds and $21,500 paving bonds
were awarded to Denison, Prior & Co., Cleveland, as 4 # # ’
bonds at the following rates: 10**6875 for the $(0,000 water
bonds, 101*252 for $13,000 paving bonds and 108 2747 for
$8,5nO paving bonds. A full list o f bids will be given next
week. Water bonds mature Jaly 15, 1914, and the paving
bonds $2,600 yearly on,J uly 15 from 1899 to 1903, inclusive

THE CHRONICLE.

L248

and $8,5C0 July 15, 1913. For further description o f bonds
see C h r o n i c l e May 28, 1898, p. 1056.
Kansas City, Mo.—Bond Sale.—On June 15, 1898, the
Board of Park Commissioners awarded the $139,892 7% Park
Fond Certificates. “ Series D, to Stuart & Young and C. J.
Hubbard of Kansas City, at ICO 50 and accrued interest from
March 10 to June 25. A bid of par and accrued interest was
received from Henry C. Flower. For description of certifi­
cates see C h r o n i c l e June 11, 1898, p, 1154.
C ertificate Offerina.—P r o p o s a ls w ill b e r e c e iv e d u n til 2 P. M., J u n e 99,1898, b y
t h e B oa rd o f P a rk C om m ission ers fo r $107,819 69, “ Series E ,
P a rk Fund
C ertificates in d en om in a tio n o f $ 1,000. T h e se certificates a re issu e d in p a y m e n t
o f lan d tak en f o r “ In d ep e n d e n ce P laza ” in th e N orth P a rk D istrict. Th e bids
s h o u ld c o n fo r m to th e general fo r m a s g iv e n in t h e C h r o n i c l e J u n e 11,18*8,
p . 1154. T n e * In d e p e n d e n c e Plaza” co n d e m n a tio n case was c o m p le te d b y p ro­
ce e d in g s in t h e C ircuit C ou rt o f Jack son C ou n ty, M o., at th e O cto b e r Term ,
1896, o f said C ou rt, sittin g at K ansas City, an d th e v e r d ic t ren d ered b y th e ju r y
■was appealed t o th e S up rem e C ou rt o f th e S tate o f M issouri an d was con firm ed
b y said Suprem e C ou rt an d ju d g m e n t e n te r e d th e r e o n o n th e I 2 t h d a y o f A p ril,
T h e special assessm ents u p o n real e sta te in th e N orth P a rk D istrict t o pay f o r
la n d s ta k en fo r " I n d e p e n d e n ce P laza” are p aya ble in fifte e n ann ual in stalm en ts
an d draw 796 in terest, and i f in d e fa u lt th e y draw 15% in te re st. T h e assessed
v a lu a tion o f land in th e N orth P a rk D istrict is $12,551,5'/0 and o f land and im ­
p ro v e m e n ts $19,815,9.:0, t h e assessed v a lu a tio n b e in g 30% o f th e actu al v a lu e .
In 1897 P a rk Fund C ertificates a m o u n tin g t o $29*,922 95, issu ed t o pay f o r
la n d s ta k en f o r th e p u b lic parkw ay k n o w n as “ T h e P a s e o ,” in th e N orth Park
D istrict, w ere p la ced o n t h e m ark et and re a d ily so ld at par and a c c r u e d in ­
t e r e s t. T h is m on th an issu e o f $ L39.892 P a rk F u nd Certificates t o pay f o r lands
ta k e n f o r “ T h e G ro v e ,” a park lo ca te d in t h e S ou th P a rk D istrict, so ld at o n e h a lf o f o n e p er c e n t p rem iu m and accru ed interest.
T h is issu e t o pay f o r “ In d e p e n d e n ce Plaza ” is t h e s e c o n d issu e o f P a rk F u nd
C ertificates in th e N orth P a rk D istrict wht.ch, taken to g e th e r w ith t h e issu e fo r
“ T h e P a s e o ” (m a de in 1897), m ak es a to t a l o f $405,742 64 in said N o rth P a rk
D is trict. M r. G eorg e E. K e ssle r is th e S e cre ta ry o f th e B oa rd .

Keokuk (Iow a ) Independent School D istrict.—Bond
Offering.—Proposals will be received until 12 m . July 1, 1898,
by A. J. Mathias, Treasurer of Board of Education, for $8,000 5# bonds. Securities are in denomination of $500, dated
July 1,1898. Interest will be payable semi-annually and the
principal w ill mature $2,000 yearly on July 1 from 1905 to
1908, inclusive, subject to call at any time prior to maturity.
Lavaca County, Texas.—Bond Sale.—On June 13, 1898,
$33,000 5 per cent court house bonds were awarded to N. W .
Harris & Co., Chicago, at 101‘066.
Lebanon (T illa g e ), Ohio.—Bond Offering.—Proposals will
be received until 1 P . M . July 25,1898, by R. B. Corwin,Village
Clerk, for $20,000 5# electric-light bonds. Securities are
issued pursuant with sections 2835 and 2837, Revised Statutes
of Ohio, and were authorized by resolution of the Council
passed May 4, 1898. Bonds are in denomination of $500 ; in ­
terest. w ill be payable April 1 and October 1, at the office of
the Village Treasurer. Principal will mature $1,000 every
six months from April 1, 1900, to October 1,1909. A certified
check on a National Bank for $1,000 payable to C. C. Enlass,
Village Treasurer, must accompany proposals.
Le Roy (N. Y.) School D istrict No. 1.—Bond Offering.—
Proposals w ill be received until 7 P. M. June 28, 1898, by the
Board of Education, Harry H. Falkner, Clerk, for $8,000 1-8year (serial) high school bonds. Bonds will be sold to the
person or persons who agree to take them at the lowest rate
o f interest, which will be payable annually.
Lima, Ohio.—Bond Offering Withdrawn.—The Council
has rescinded its action calling for bids July 11, 1898, for
$40,000 West North Street paving bonds by reason o f a
petition from property owners, asking that a portion o f the
street be paved with asphalt instead of brick as proposed.
Livingston County, N. Y.—Bond Sale.—On June 23, 1898,
the $30,tOO '¿¿4% court-house bonds were awarded to Allen &
Sands at 103-84. A full list of bidders will be given next
week. Bonds mature $5,000 yearly, beginning in 1900. A
description of the bonds will be found in the C h r o n i c l e last
week, p. 1207.
Los Angeles, Cal.—Bond Election.—An. election will be
held July 6, 1898, to vote on the question of issuing $160,000
tunnel bonds and $10,000 park bonds.
Lowell, Mass.—Temporary Loan.—On June 21, 1898, th
city awarded the $100,000 four months’ loan to George Mixter, Boston, at 2*71# discount. Following are the bids :
G e o rg e M ixter, B o s to n ....................2-715SI E d z e rly & C rocker, B o s t o n ............ Z'Yt%
J . W . 1/ongstreet & C
B o s to n .. 2‘ 78$ |W m . O. G ay & Co., B o s t o n .......... 3't9%
F. S. M osely & Co., B o s t o n ....... ...*2-84561 B lo d g e t, M erritt & Co., B o s to n .. 3-2 %
B o n d & G ood w in , B o s t o n .............. 3"05$ E s ta b ro o k & Co., B o s to n ................ 3‘50%
R og ers, N ew m an & T olm a n .B o st. 3-0ujS I H . B. M a cD o w e ll, B o s to n ....... ...+3-50*
* A n d 25c. p rem iu m .

+ A n d $1 25 prem iu m .

Lucas County (P . O. T oledo), Ohio.-B o n d Offering.—
Proposals will be received until 11 A. m. July 5, 1898, by the
Board of Commissioners, William M. Godfrey, County Au­
ditor, for $30,5C0 A.% per cent road improvement bonds. Se­
curities are issued pursuant with section 4846 of the Revised
Statutes of Ohio. They are in denomination of $500; in­
terest will be payable semi-annually at the office of the
County Treasurer, and the principal will mature as
follow s: $4,500 in 1899, $3,5C0 yearly from 1900 to 1903 inclu­
sive, $2,5‘ 0 yearly from 1904 to 1907 inclusive and $2,000 in
1908. Each bid must be accompanied by $750 in cash or a
certified check for that amount on a bank doing business in
Toledo.
■
M cArthur (V illa g e), Ohio.—Bond Offering.—Proposals
will be received until 3 p. M ,, July 9, 1898, by G. W . Pearce,
Village Clerk, for $5,000 6# electric-light bonds. Securities
are issued pursuant with Section 2,835 Revised Statutes of
Ohio, and were authorized by ordinance passed May 23, 1898.
Bonds are in denomination of $100, with interest payable
semi-annually, at the office of the Village Treasurer. Princi­
pal will be payable in from one to fourteen years. A certi­
fied check for 5% of the amount of bid, payable to John M.
Murphy, Village Treasurer, must accompany proposals.
McKeesport, Pa.— Bonds Proposed.—The Finanoe Com­
mittee of Councils has decided to recommend the issuance of
$100,000 refunding bonds.




[V O L .

L X V I.

McKee’s Rocks, Pa.—Bond Election.—An election will be
held July 20, 1898, to vote on the issuance of $40,000 bonds
for the following purposes : $15,000 for street improvement,
$10,000 for sewers and $15,000 to fund floating debt.
M anilla (Io w a ) School D istrict.— Bond Election.—On
June 27, 1898, the district will vote on the question of issuing
bonds for the purpose o f enlarging the school building.
Mansfield, Ohio.—Bond Offering.—On June 27, 1S98, be­
tween 10 a . M. and 2 p. M„ the city will sell the follow ing
street improvement bonds :
$?,200
4,600
1.800
2.400
6,300
4.400
1.800

fo r
fo r
fo r
fo r
fo r
/o r
fo r

im p ro v e m e n t o f
im p ro v e m e n t o f
im p ro v e m e n t o f
im p ro v e m e n t o f
im p ro v e m e n t o f
im p ro v e m e n t o f
im p ro v e m e n t o f

B lo o m Street, D iv is io n A .
B lo o m Street, D iv isio n B .
B lo o m Street, D iv is io n C.
O ra n ge Street,
N ew m an Street, D iv is io n A .
N ew m an S treet, D iv is io n B.
F lin t Street.

The above bonds bear 6# interest, payable annually, and
mature one fifth yearly. They are in denominations of from
*100 to $500, dated June 27, 1898. Bids are also asked for
|l ,050 bonds for street sprinkling,.&c. A certified check for
*10# of the amount of bonds bid for, payable to the City Clerk,
must accompany proposals.
On July 14,1898, between 10 A. M. and 2 p. M., the city will
sell $22,000 6# 1-5-year (serial) street assessment bonds. Se­
curities are in denomination of $1,000, dated July 14, 1898.
Interest w ill be payable annually. Bonds are issued pur suant with sections 2703 to 2707, inclusive, and 2709 of the R e ­
vised Statutes of Ohio. A certified check for $5( 0, payable
to F. M. Remy, City Clerk, must accompany proposals.
M arin County (Cal.), San Rafael School D istrict.—Bond
Sale.—On June 13, 1898, the $15,000 5 per ceut bonds were
awarded to Emanuel Walter, New York City, at 101-20. A
bid of 100-346 was received from the Oakland Bank of Sav­
ings and a bid of par from the Bank of A. P. Hofcaling.
Bonds mature $1,500 yearly on June 2 from 1899 to 1908 in­
clusive. For further description of bonds see Chronicle ,
June 4, 1893, p. 1103.
„
.
,
M arlborough, Mass.—Temporary Loan.—'The city has
negotiated a $50,000 loan with Jose Parker & Co., Boston, at
3-05 per cent. Loan matures one-half in 7 months and onehalf in 8 months.
Martin’s Ferry, Ohio.—Bond Sale.—On June 18, 1893, the
$6,000 5# Fire Department bonds were awarded to W. J.
Hayes & Sons, Cleveland, at 102-70. Bonds mature $250
every six months from March 1, 190 *, to Sept. 1, 1911. For
description of bonds see Chronicle June 4,1898, p. 1103.
Milwaukee, W is.—Bond Sale.—On June 22, 1898, the
$80,000 5# sewer bonds were awarded to Wbann & Schlesinger, New York, at 113*696. Whann & Schlesinger were also
the highest bidders, at 113-696, for the $80,000 5# garbage-dis­
posal bonds, but an injunction prevented the award being
made. These bonds mature $4,000 each series yearly. A de­
scription of the bonds will be found in the Chronicle, June
11, 1898, p. 1154.
.C
,
M organtown, W. Va.—Bond Sale.—The $36,000 4^£# bonds
have been awarded to Seasongood & Mayer, Cincinnati, at
par. Bonds mature as follow s: $4,000 in 1908, $1,000 yearly*
from 1909 to 1921 inclusive, $1,500 yearly from 1922 to 1927
inclusive, $2,000 yearly from 1928 to 1932 inclusive. A de­
scription of the bonds will be found in the Chronicle April
16, 1898, p. 778.
Newark (O hio) School D istrict. Bond Offering.—Pro­
posals will be received by W . M. Beatty, Clerk Board of
Education, until 12 m . July 11,1898, for $7,i00 5# bonds. Se­
curities are issued pursuant with Section 3 994 Revised
Statutes of Ohio. They are in denomination of $1,000 dated
July 11, 1898. Interest will be payable semi-annually and
the principal will mature $1,000 yearly on July 15, from 1899
to 1905 inclusive. A deposit of $100 will be required with
each proposal.
Ill' '*
New Orleans, La.—Bond Sale.—On June 21, 1898, the
$500,000 5# drainage bonds were awarded as folio tv^ :
v
°
,
.
J$50.000@l 00-30
Is id o re N ew m an, Sr., N ew O rleans........................................................ [ 50,000©100-51
^GJ.OO^Wl'OO
A . Baldw in, P re sid e n t N ew O rleans N a tio n a l B a n k ..................
G erm ania Sayings Bank, N ew O r l e a n s .............................................
89,o00®l(H 00
P ro v id e n t Savings & S a fe D e p o sit Bank, New O rleans................
35,000@101 00
9,000@ iu i oo
J. C. M orris, P resid en t Canal B a nk, N ew O rleans.......................

Bonds mature 40 years from date of issue, subject to call
after two years. For further description of bonds see C hron­
icle June 11, 1898, p. 1155.
New Paynesville, Minn.—Bond Sale.—On June 6, 1893,
the $3,000 5 per cent 20-year water works and electric-light
plant bonds, were awarded to J. C. Norton, St. Paul, at
105-0625. For description of bonds see Chronicle, May 21,
1898, p. 1013:
/I f P
.
Newton County, Texas.—Bond Sale.—The city has issued
to the contractors for the buildiag of the new jail, $5,500
jail bonds, in payment for the work done.
New York City.—Bond Issue Delayed.—At a meeting of the
Board of Aldermen, June 21, 1898, a resolution authorizing
the issuance of upwards of $23,000,000 bonds was defeated by
a vote of 39 for to 15 against, it requiring 45 votes to author­
ize. These are the bonds recommended by the Board of Es­
timate and Apportionment on June 7, 1898. The question
will be reconsidered at the next meeting of the Board. The
votes in opposition to the bond issues were cast by Brooklyn
representatives, on the ground that the money was to be
spent wholly in Manhattan and the Bronx and none of it in
Brooklyn. As these bonds were authorized last year, Cor­
poration Counsel Whalen does not hold that they should be
re-authorized, but he advised that they should again be
passed upon, so as to be on the safe side. It is therefore
possible that they may be issued without additional security.

Juke 35, 1898.]

THE CHRONICLE.

North Hempstead (N. Y .) Union Free School D istrict
No. 5.—Bond S a le—On June 23,1898, $14,500 i % f gold bonds,
ware awarded to Bartron & Storrs, New York, at 100‘345.
Thirteen bonds are in denomination of $1,000 and one of
$1,500. Interest will be payable January 1 and July 1, and
the principal will mature $ s,000 yearly on January 1, from 1914
to 1926, and $1,500 January 1, 1927.
Odell, 111.—Bond Sale.—On June 9,1898, the $6,000 5f wa­
ter-works bonds were awarded to Geo. D. Cook Co., Chicago,
At 102-23.
Oneonta, N. Y.— Pond Offering.—The village will sell at
public auction on June 25, 1898, at 1 p . M., at the office of
John W . Brewer, Village President, $15,000 bonds. Securi­
ties are in denomination of $1,000, and will be sold to the per­
son offering to take them at the lowest rate o f interest
Principal will mature $1,000 yearly, from 1903 to 1917, in­
clusive. Interest will be payable semi-annually at the office
of the Village Treasurer. Bonds are issued pursuant with
Section 63, Chapter 30, Laws of 1885.
Onondaga (N. Y.) School D istrict No. 22 —Bond Offer­
ing.—The Board of Education will offer for sale at 10 a . m.
June 29, 1898, $6,000 bonds. Sale will take place at the law
office of Tintclot & Roberts, 503 Bastable Block, Syracuse.
Oshkosh, W is.—Bond Sale.— On June 14, 1898, the city
sold to the Commercial Bank and the National Banks of
Oshkosh the $50,000 if. 20-year library bonds at 102. A bid
of $51,025 was received from N. W. Harris & Co., Chicago,
and one of $50,975 from the Illinois Loan & Trust Co., Chi­
cago, but the city officials considered the bids of the local
banks more advantageous to the city.
Ottawa County, Ohio.—Bond Election.—An election will
be held June 27, 1898, to vote on the question of issuing
$40,000 5%court house bonds.
Owosso, Mich.—B o n i Offering.—Proposals will be re­
ceived by the Ways and Means Committee, Geo. M. Dewey,
Chairman, until 1 p . m . June 30, 1898, for the following 5%
bonds:
$35,000 p a yin g b on d s, m atu rin g $7,000 yea rly fr o m 1899 to 1908, in clu sive .
16,000 brid g e b on d s, m atu rin g $3,000 ye a rly fr o m 1909 t o 1913, in clu siv e .
1,000 sew er bon d s, m atu rin g in 1901.

Securities are in denomination of $1,000, with interest pay­
able semi annually in Detroit or Chicago. The total bonded
debt, including the above issues, is $161,0C0, o f which $95,
000 is water debt. The assessed valuation is $1,675,0! 0, about
one-fifth actual value. The population is about 11,000.
Pembina County, N. Dak.—Bond Offering.—Proposals
w ill beceived until 2:30 P. M. July 6, 1898, by Donald Thomsom, County Auditor, for $11,700 10-year drainage bonds.
Securities are issued pursuant with Section 1474, Chapter 21,
Revised Codes of North Dakota. Bonds are in denominations
of $500 or less and will bear interest at not more than If.
The amount of bonds issued for each drain is as follows:
D ra in N o. 8......... $2,500 00 I D ra in N o. 5 ......... $2.060 70 I D rain No. 7 ......$ 1 ,9 0 9 90
D ra in N o. 3 ......... 2.100 40 1 D ra in N o. 0 ......... 2.180 40 | D rain N o . 8 .........
935 00

Petoskey, Mich.—Bond Sale.—By a majority of more than
20 to 1 the issuance of $16,000 bonds for a commercial electriclighting plant was recently authorized. These securities
bear interest at 4 per cent and are 20-30 year bonds. They
were taken by the owner of the plant purchased in payment
for the same.
P hiladelphia, P a .—Rond Offering.—Proposals will be re­
ceived until 12 M. June 27, 1898, by Charles P. Warwick,
Mayor, for the $1,306,COO serial loan recently authorized.
Securities are issued for the purpose of redeeming part of
city loans maturing July 1, 1898, and January 1, 1899. This
sale will include Series “ A” to “ T ,” maturing one series of
$65,300 each December 31 from 1908 to 1927, inclusive. The
loan bears interest at not more than %%f, payable Jan. 1 and
July 1, free from all taxes. Certificates will be issued in
sums of $25 or in multiples thereof, as the bidders may de­
sire. A certified check, payable to the Mayor of the city of
Philadelphia, for 5% of the amount of loan for which bid is
made must accompany proposals.
Lean Bill Signed.—The Mayor has signed the bill recently
passed by Councils authorizing loans aggregating $11,200,COO.
P in ckneyville School D istrict No. 3, P erry County, 111.
—Bond Offering—Proposals will be received until 12 M. to­
day (June 25, 1898,) by the Board of Education, W . H. Quillman, Secretary, for $7,000 4 per cent bonds. Securities are
in denomination of $500, dated July 1, 1898. Interest will be
payable annually and the principal will mature $500 yearly
on July 1 from 19C0 to 1913, inclusive. The outstanding
bonded debt of the district is $500.
Pittsfield, Mass.—Loan Authorized.—City Treasurer Ken­
nedy has been authorized to borrow $50,0L0 in anticipation of
the collection of taxes.
Reading, Mass.—Rond Sale.—Blodget, Merritt & Co., Bos­
ton, have been awarded $5,000 i f water bonds, at 109*68.
Rhode Island.—Bond Offering.—Proposals will be received
until 12 M. July 1, 1898, by Walter A . Read, General-Treas­
urer, for $800,100 3^ gold State-House construction bonds.
Interest will be payable April 15 and October 15, and the
irincipal will mature in 1938. Bonds are exempt from taxaion in the State of Rhode Island.
St. Cloud (M inn.) School D istrict.—Bonds Not Sold.—It
has been reported in some papers that the district has re­
awarded the $25,000 4 per cent school bonds recently refused
by V. M. Stoddard, of Minneapolis. In reply to our inquiries,
Mr. G. W . Stewart, Clerk of School Board, writes us that
“ this statement is not correct, as bonds have not been sold.”|
Sandoval Township, Marion County, 111.—Bond Lsue —
We are advised that the $600 bridge and road bonds recently
voted w ill be taken by local investors.

i




.2 4 9

Sea Isle City, N. J .—Temporary Loan.—Mayor A. H.
Sickler has negotiated a four months’ loan of $2,000 at 5*.
Som erville, Mass.—Bond Sale.—The city has awarded to
D. W . Howland, Boston, $176,000 i f 1 25 year improvement
bonds at 105*26. Following are the bids reportedL by the
“ Boston News Bureau:”
$161,000
Im p t. B o n is .
D . W . H o w la n d , B o s t o n .......................................... .........
K stabr iok & Oo., B o s t o n .....................................................
B. L. D a y & Co., B o sto n .......................................104*88
B lo d g e t. M erritt & Co.. B o s t o n .........................................
N . W . H arris & Co. N ew Y o r k ..........................................
G e o rg e A . p em a ld & Co., B o s t o n ....................... 104*150
B la k e B ros. & C o „ B o s t o n ................................... . .........
B. H . B oltin s & Sons. B o s t o n . . . .......................................
A d a m s & Co., B o s t o n ............................................. 103*89
P ro v id e n t In stitu tio n f o r S av in gs, B o s t o n ....................
H e n ry D . M cD o w e ll, B o s t o n ...............................104*078

$25,000
Sew er B onds.
106*19
105*90
10501
105*377

E n tir e
Issu e,
105*20
104*48
104*313
104*37
104*09
104*137
105*00

Springfield, Ohio.—Bond Sale.—On June 21, 1898, the
$10,« 00 5f park improvement bonds were awarded to
the Springfield Savings Bank at 120*59. Bonds mature $5,000
September 1, 1918, and $5,000 September 1, 1919.
For
description of bonds see Chronicle, June 18,1898, p. 1209.
Springfield (O hio) School D istrict.—Bond Sale.—On
June 28, 1898, the $15,000 5f bonds were awarded to the
Springfield Savings Society at 105*246. Following bids were
received :
Springfield Savings S o cie ty .$15,787 00 I F a rson , L e a ch k C o., C h ic .. ..$15,757 57
S e a so n g o o d & M ayer, C in cin . 15,780 00 |W . J. H a v e s & Sons, C le v e ... 15,712 00

Bonds mature $5,000 yearly from 1902 to 1904, inclusive.
For further description of bonds see Chronicle June 11,
1898. p. 1156.
Syracuse, N. Y. —Temporary Loan.—The city has nego­
tiated a loan of $30,000, m anticipation of the collection of
taxes, with Dunseomb & Jennison, New York, at 3'45f.
Y alley City, N. Dak.—Bond Sale.—On June 6, 1898. J. D.
Cleghorn & Co., Minneapolis, Minn., were awarded $5,000
refunding sewer bonds at 103*34. Bonds are in denomination
of $1,000, dated July 1, 1898. Principal will mature one bond
yearly, beginning in 1904.
Yalley Junction (Io w a ) School D istrict.—Bond Sale.—
The district has sold the $300 school building bonds recently
voted.
Yernon School D istrict No. 7, Durand, Shiawassee
County, Mich.—Bond Sale.—On June 22, 1898, the $3,500 5f
bonds were awarded to T. B. Potter & Co., Chicago, at
103*057. A full list of the bidders will be given next week.
For description of bonds see Chronicle last week, p. 1209.
W aldo (V illa g e ) School D istrict, M arion County, Ohio.
—Bond Offering.—Proposals will be received until 2 p. M.,
July 9, 1898, by J. H. Winsor, Clerk Board of Education,
care of Farmers & Mechanics’ Bank Co., Marion, for $2,500
6f bonds. Securities are in denomination o f $500, dated
July 9,1893. Interest will be payable March 1 and Septem­
ber 1 at the Farmers & Mechanics’ Bank Co., Marion. Prin­
cipal will mature $500 on September 1 of the years 1900, 1902,
1905, 1907 and 1909. A deposit o f $50 w ill be required with
each bid.
W arren County, Iow a.—Bond Sale.—On June 6,1898, N.
W . Harris & Co., Chicago, were awarded $12,000 i f bonds of
this county.
W arren, Pa.—Bond Election.—An election will he held
July 12, 1898, to vote on the question o f issuing $50,000 water­
works bonds.
W arrensburg (M o.) School D istrict.—Bond Sale.—The
$18,5u0 i % f 10-20-year refunding bonds and $9,000 4% f 10-20year school bonds, the sale of which we mentioned last week,
were awarded to the Wm. C. Little Bros. Investment Co.,
St. Louis, at 100*209 and all expenses.
Washington County, Md.— Bond Sale.—On June 21, 1898,
the $150,000 i f refunding bonds were awarded toEavey, Lane
& Co., Hagerstown, at 107,825. Bonds mature July 1, 1918.
For further description of bonds, see Chronicle June 18,
1898, p. 1210.
W ashington Township School District, C ircleville, P ick ­
away County, Ohio.—Bond Sale.—On June 18, 1898, the
$1,800 Qf bonds were awarded to the Lamprecht Bros. Co.,
Cleveland, at 100*388. One other bid was received, that of
the First National Bank, of Circleville, at 100 222. Bonds
mature $900 March 1, 1899, and $900 Sept. 1, 1899. For fur­
ther description of bonds see Chronicle June 11, 1898, p.
1157.
W inchester, Mass.—Bond Sale.—On June 20, 1898, the
$33,000 i f water-fund bonds were awarded to Blodget, Meirritt & Co., Boston, at 111*48, and the $14,000 i f highway
bonds to Geo. A. Fernald & Co., Boston, at 103*03. A list of
the bidders will be given next week.
W innebago City, Minn.—Bond Issue.—W e are advised
that the $10,000 5f 20 year refunding bonds, mentioned in
last week’s Chronicle, have not yet been sold, but the cit>
is negotiating with parties who will probably take them.
_
W orcester County, Mass.—Rids.—Following are the bids *
received June 21, 1898, for the $320,000 loan:
F or 314% B onds.
I
F or 4% B o n is.
N . W . H arris k Co.. N ew Y o rk . .100*69 |V e r m ily e k Co., B o s t o n .................103*69
A d am s & Co., B o s t o n ..................100*04
A d am s & Co., B o s to n ........................ 103*41
E. H . R ollins * Sons. B o s t o n . .. . 100*625 | B lake Bros. & Co., B o s to n ...........103*28
P a rk in son & B u rr. B o s to n ......... 100*613 j E. H . R ollin s & Sons. B o s t o n .. .103*127
R. L . D .y & Co., B o s to n ............100*68
K. L . D ay & C o.. B o s t o n ............... 103*08
B lodget, M e rritt & Co., B osto n .It0 * 4 3 |H e n r y M cD ow ell, B o s t o n .............102*007

Bonds have not yet been awarded. Blodget, Merritt & Co.
also bid 3‘27f for six months’ loan and 3*35# for seven months’
loan. Principal will mature as follows: $ i5,000 in 1899 and
1900, $40,000 from 1901 to 1907 and $10,000 in 1908. For fur­
ther description of bonds see Chronicle June 18,1898, p. 1210.
Yonkers, N. Y.—Bond Offering.—Proposals w ill be re­
ceived until 11:30 June 29, 1893, by Leslie Sutherland, Mayor,

1250

THE CHRONICLE.

for $36,000 4% assessment bonds. Securities are issued pur­
suant with Section 36, Title VII, o f Charter of Yonkers.
JBondsvwill be dated July 1,1898, and mature Feb. 1,1901.
Younsrstown, Ohio -R on d Sale.—On June 20, 1898, the
$2,500 5% Belmont Avenue S6wer bonds wore awarded to
Seasongood & Mayer, Cincinnati, at 103 27. Following are
the bids:

[Voi*. LX Vi.

S e a so n go o d is M ayer, C lncin..$2,581 75 L a m p re ch t Bros. Co., C le v e ... 2.5*1 60>
F i r e n e n ’s P en . P d T ru s .City. 2,576 00 N ew Ç lr s tN a t. Bk., C olu m bu s 2,634 25
M ah on in g N a -. Bank. C ity____ 2,557 00 R u d o lp h K le v b o lte & C o., Cln. 2,5*7 6 9 Atlas N a tio n a l Bank, C in c in .. 2,552 00 P»•
M A. v _K ean,
_ C h icago
...........2.537 5g..

s p ^ r t hcon,Toi?doFremont:- i;ti^g|N-w -H~ ^ * co .:ch ica g 6 :: 2 f t
Bonds mature $'^00 yearly on October 1, from 1899 to 1)03
inclusive. For further description o f bonds see C h r o n i c l e
May 28, 1898, p. 1058.

TO

CITY

In the following index reference is made by the page number to every item regarding State, oity, town or county flnanoes published in thethe issue of April 16, not excluding matter contained in the current number. Fall-face types refer to latest reports of total,
debt, assessed valuations, &c. In the C h r o n i c l e of April 23, 1898 (pages 823 to 826), an Index was given to the items appearing from tha
beginning of January up to and including April 16. The two indexes together therefore cover everything published in the State a n d firrvDepartment in the present volume.
UIxr

. C h r o n i c l e - since

b e r d e e n S c h o o l D is­
I A ro m a , III........................... 1 0 5 8
trict. 8. D ...........868, 1101 A s h la n d , O h io .................. 1246
A b ilen e. K a n ....... ................ 1246! A sh le y, O h io ......................
868
A b ilen e. T e x ............ 1054, 1 1 « 1 i A sh ta bu la,O hi >.820,868, 1010
A b ln g to n , M a s s .,.. . . . .
»15 A tc h is o n
Co. S ch o o l
A d a m s F ire Dist., M ass
915 j D istrict N o. 5, M o......... 1010
A d a m s, M a s s ........... .
1101 A t c h is o n C o. S ch. D ist.
A k ro n . O h io . .................. 1 lo t I N o. 13, M o . . . . . . ............
965
A lb a n y , G a .819, 915.965, 1010 A tc h is o n . K a n ...........965, 1152
A lb a n y . N .Y .. «6*«, 1205, 1246 A tla n ta , G a ......................
915
A lb u q erque. N. M . . . 1101 A tla n tic City, N .J . 1010, 1152
A lg o n a Sch. Dis., la.915,
I A u b u rn , Me .................... 1152
966, 1054 A u d u o o u Co., I a ............... 1205
A lle g h a n y Co., M d.1010, 1205 A u s tin , T e x ...........«
..
«14
A lle g h a n y Co:, V a ........... 1010 A v a lo n , P a ... .1010,1162, 1146
915I, A v o n , N .J ...........................
A lle g h e n y C o.. P a ..........
9*55
A lle n Co. S c n o o l D istrict
N>*. 16, K a n .................. 1101
aker City. O re ............. 1246
A llia n ce. O h io............ 820, 1010
altim ore, M d . .. .819,
A lto n . I l l ..............................
868' 1
9 5.1051,1152, 1205
A iv o r d to n , O h io ..................
868 B a rn e «b o ro , P a ........... .. 1246
A m ery , M in n ..................... 1205 B a rn esvllle, o ......... 1152, 1205
A n d o v e r M ass.................. 1246 B a rre , V t .......................... n o i
A n d r e w Co,, M o. . 965, 1054 B a strop Co., T e x ..............
868
A n n an d a le, M in n ....
915 Bay City, M ic h ...
820,
A n n a p olis, M d ...........965, 1054
915,10*0, 1054
A n n 's t o n .A l a .................... 116 1 B ayfield C o., W ls ...r 9 6 4 , 1146
A n o k a Co., M in n ...
1010 B a y o n n e , N J ...................
1054
A p p a n o o s e Co., Ia ..1054, 1101 B ay St. L o u is, M i s s .......
820
A ran sas Co.. T e x
820,
868 B ea u m on t, T e x .............
820
A r a p a h o e C o. S c h o o l
i B eaver, Pa....... 915,1010, 1205
D is tr ic t N o. 7. C o l.......
915 I Bell C o., T e x .............. 965, 1152
A r iz o n a ... .820,868,1010, 1101 B e ile fo n ta in e , O h i o . . .. . 1152
A r k a n s a s ...............................
914 B e lle v u e , O h lo.915,1010,
A r lin g to n , N. J .....................
868I
1152, 1246

A

B

N EW

LO A N S.

B ellevu e, P a............ 1010, 1143
Berea. O h io............ .1054, 1146
B e re s fo rt, S. D ....... 1065, 1205
Berlin, N. H ....................... r>46
B eth a n y M o ............... ...
9 5
B e v e rly . M i s s ........1010, 1152
B e x a r Co.. T e x . ..1055,
1101, 1151, 1205
B ibb C o., A la ....................
868
B id d e fo r d , M e .................. 1152
B in gh am ton , N. V ......... 1152
B ird Island, M in n ...820, 1152
B loom field, N. J ....... 915,
1152,
1205
B lo o m v ille , O h io ............
1152
B lu e B arth Oity, M ia n .. 1101
B lu ff Sch. D ist., Mo. . . . 1101
B lu ffto n S b .D is t . O . . . . 1152
B o liv a r, M o ..................... 1054
B olivar S ch D ist.. M o ...
820
B on n e T e r r e S ch o o l Dis­
trict, M o .........................
820
B o sto n . M a s s ...868, 965,
1010,1055,
1205
B ou rn e, M a s s .................
1 H6
B ow lin g G reen , O .. 1011, 1101
B o » e rto wn. P a .................. 1205
B >zeman, M o n t .............. 1055
B rad dock, P a ............
1011
B ra d fo rd Sch. D ist., O.,
U Ol, 1248
B ra d fo rd Sch. D istrict,
Pa
.
......... 820,868,
935
B rad ley B e a ch N. .1.,
011.10 5 1152, 1205

Brazil, I n d .......................... 10 1 5
B razoria Co., T e x .............
819
B rew er, M e........................
1246
B ristol Co., M ass.,..1152 1246
B ristol, I n a ................820,
848
820
B ristol, R . I . . . . . . . ........
B ristol, V a . ........................ 1152
B r o c k to u , M a s s .... . . .
1101
B rook h a v en S ch ool D is­
trict N o. 23. N. V. .915,
965
B row ning S ch. D ist., M o 1054
B u ch anan V a . ................... lO il
B acyru s. Oh>o....................
838
B uffalo C en ter, l a .1152, 1246
820,B u ffalo, N. Y .......
1011,1101,1205, 1246
B u n ker H ill, 111..............
1246
Baras L e v e e Dist., L a ... 1205
B u rleigh C o , N. D .........
868
B u rlin g to n Schuol D is­
tr ic t N . J ......................... 1205
B u rn et, T e x ...................... ll.->2
B .isbn 3ll, III....8 2 0 , 9«5, 1151
B u tler Co.. O h io ... 915,
101 1 ,1102, 1152
B u tler C o. S ch o o l D is­
tr ic t N o. 2, M o ............... 1205
shell Co., W . V a..........
C atnsville
S ch o o l D is­
tr ic t, M o .........................
C alaveras Co., P a lom a
S -h . D ist., C a l................
Caldw ell Co , T e x .........
C aldw ell, O h io ..................

N E W LO A N S.

FUNDING BONDS.
To Whom it May Concern:
Y o u are h e r e b y n otifie d th a t o n th e first day o f
J u ly , A . D. 189-, at h is office in th e C ity o f Spring
field, Illinois, t h e T r e »s u r e r o f th e S tate o f Illin ois
w ill pay th e bonds o f M acou pin C ounty, Illin ,is
(k n ow n as fu n d in g b o n d s o f said c o u n t y ), herein
designated, s elected an d called , and th a t th e in te r­
es t w ill cease th e r e o n fr o m tim e o f p aym en t h erein
specified.
B on d s o f th e fo llo w in g n u m bers and am ou n ts—
Viz.:
N um hers 520, 521, 523, 588, 539 540, 541, 550, 5 5 1 ,
and n u m bers 555 t o 674, b o th in clu sive , all o f th e de
n o m in a tio n o f on e h u n d re d ( $ 100) dolla rs each .
B on d s n u m bered 57, 58, 60, «1, 74, 90, 98 ,1 0 , 103,104.
105, 106, 110, 112, 113, 114, 125, 126,134,135 13« 137
138, 1P9, 140, 141, 143, 144, 153, 154, 155. 157. 160, 177.
179, ISO, 1M . li- 3 ,184,229. 231, 232, 234, 251, 264. 277,
278, 283, 285, 288, 294, 301, 8- 7, «08, 809, fro m «19 t o
826, b o tb Inclusive, 828 t o 622, b o th in clu sive , 624 to
784, b o th in clu siv e, all o f t h e d e n o m in a tio n o f five
h u n d red <$5O0) dolla rs each.
B on d s n u m bered 121 and num bers 134 t o 138, b o th
in c lu s iv e , H O to 146, b o th in clu siv e . 188 t o 1»«, b o th
In clu sive, 238, 268 a « d v«9, n u m bers 277 t o »9", both
iu elu sive, 303, 805, num bers «09 t o 815. b o th in c lu ­
siv e, 331,883, 334 , 341, and num bers 351 t o 355, b o th
in clu sive. 361, 382, 365, «91, 424, 425, 428, and num
b ers 4«0 t o 865, b o th in clu siv e , all b e in g o f th e
d en om in a tion o f o n e th ou san d ($1,000) dolla rs each.
In te s tim o n y w here- >f t h e B o a rd o f S up ervisors in
and f o r said M acou pin C ou nty, in th e State 01 Illin
ois. h a v e cause tb ls n o tice t o b e i-su e d in t h e nam e
o f t h e C ou n ty o f M acoupin a fo r e s a id and t o be
sign ed b y t h e Chairm an o f said board an d b y th e
C ou n ty C lerk u n d er m e seal ot said co u n ty.
D on e a t th e City o f C arllnvllle, M acou pin C ou nty,
Illin ois, th is 30th day o f D ecem ber, A . D. 18»7.
JO H N W . D A L B Y ,
C h airm an o f th e B oa rd o f S u p erv isors.
„
,
F K E D G . C E L T JE N ,
C ou n ty Clerk an d e x o fficio C lerk o f th e B oa rd o f
S upervisors.
T h e a b o v e -d e s crib e d b on d s m ay b e c o lle c te d w ith ­
o u t ch a rg e th rou g h t h e

M ISSISSIPPI VALLEY TRUST CO.,
S t . L o u i s , i U o .,
o r th rou gh th e b a n k in g h o u s e o f

N. W. HARRIS <s COMPANY,
31 N assau S t , N ew i o r k .
6 7 M ilk S t . B o s to n .
2 6 4 D e a r b o r n S t., C h ic a g o .

$ 100,000
OITY OF BAYONNE, N. J.,
4M* SCHOOL BONDS,
D u e M arch 1,1918,
A n d oth er H ig h -G r a d e S ecurities.

E D W A R D C. J O N E S CO .
N EW YORK,
P H IL A D E L P H IA ,




-

1 NASSAU STRE ET.
421 C H E S T N U T ST.

S

S

O

O

i O

O

3 ^ P er Cent Bonds.
Sealed proposals add ressed t o t h e B o a rd o f T ru s­
tees o f t h e Sanitary D istrict o f C h icago and in dorsed:
“ P r o p o sa ls fo r P u rch a sin g B o n d s ” w ill b e r e c e iv e d
b y th e C lerk o f said S an itary D istrict at r o o m 1110
S e cu rity B u ilding, C h icago, Illin ois, u n til 12 M.
(Standard tim e ) o n W e d n e sd a y . Ju n e 26th, 1898.
T h e b o n d s f o r th e purch ase o f w h ich said bid s w ill
b e r e c e iv e d are t h e seven th (7).a n d p re se n t issu e o f
tw o h u n d red th o u sa n d ($200,000) dolla rs w o rth o f
b o n d s o f th e San itary D istrict o f C h icago, in d en om ­
in ation s o f o n e t h o u s a n d '$ 1 0 «0) dolla rs ea ch , w ith
in te re st a t t h e ra te o f th r e e an d o n e h a lf (3J^$) per
ce n t p er annum , p aya ble se m i-a n n u a lly o n th e first
d ays o f Jan u ary a n d J u ly o f e a ch year, and th e prin­
cip al b e in g paya ble Ju n e SOth, 1918. B o th prin cipa l
and in te re s t payable a t t h e office o f th e Treasu rer o f
said Sanitary D istrict a t C h icago. Illin ois.
T h is issu e is in lie u o f b o n d s o f p r io r issu es paid
an d retired, and is w ith in th e lim it o f fiv e (5$) p er
c n o f th e assessed v a lu a tio n o f ta x a b le p rop erty
w ith in th e d istrict prescribed b y law .
E a ch pro p o sa l m u st b e a cco m p a n ie d b y certified
c h e c k o r cash o f an am ou n t equal t o th re e (3$) per
c e n t o f t h e am ou n t o f t h e bid. A ll certified ch eck s
m ust be draw n o n so m e resp o n sib le ban k and be
m a d e p aya ble t o t h e ord e r o f th e **Clerk o f th e Sani­
ta r y D istrict o f C h icago.” Said a m o u n t o f th re e
(3%) p e r c e n t o f th e am oun o f th e b id w ill b e h e ld
b y t h e San itary D istrict u n til all o f said proposals
h a v e b e e n can vassed an d t h e b o n d s h a v e b e e n
aw arded.
N o bids at less th a n p ar will b e co n sid e re d , and th e
rig h t is reserved t o r e je c t a n y and all bids.
T h e said bonds t o be paid f o r an d d e liv e re d at the
office o f th e T rea su rer o f said D istrict.
F o r fu r th e r in fo r m a tio n a pp ly to th e C lerk o f th e
Sanitary D istrict o r tn e Chairm au o f t h e C om m ittee
Ig^ F '.nance, r o o m 11 10 Secu rity B u ilding, Chicago,
T H E S A N I T A R Y D IS T R IC T O F C H IC A G O .
By Z. R. C A R T E R .
Chairm an C om m ittee o n F in an ce.
W I L L I A M B iL D E N W E C K
,
,
, _________ P re sid e n t B o a rd T ru stees.
A t t e s t : J A M E S R E D D IC K
C lerk o f tb e S an itary D istrict o f C h icago.
C h icago, 111., Ju n e 1«, 18 8.

William E. Nichols,
-

NEW

YORK

MUNICIPAL W ARRANTS.
SE N D

FOR

L IS T S

966
1011
9 *6
1102:
115 2
9651206
1 0 11
914,
1206
1206
1011
916
96»
H 52
869124«
1153.
1056
914.
1151
1206-

BOND C A L L :

O

Sanitary D istrict of
Chicago.

15 W A L L 8T R E E T ,

820
1205
819
11"2

11581205.

N E W LO AN S.

N O T IC E T O H O L D E R S O F

Macouuin County, Illinois,

1205

C alh ou n , M o ......................
Callahan Co., T e x ..U 5 2 ,
Cailaw a^ Co. S c h o o l D is tr io t N o. 2, M o.......
C a m b ridge M d ......... 985.
Cam bridge, M ass. ...8 8 0 ,
Cam bridge, O b lo ....... « 20,
_
_
1055,
Cam den Co , N. J ...........
Cam 'e n Co S ch o ol D is­
t r ic t N o. 3. M o ...............
C am den, N. J . . . 849, 915,
1011,1055,1152,
C anton. O h io...............S20,
Cape G irardeau C o., M o .
C arlstadt, N .J .................
C arroll Co., Ill .
H 02,
C arroll Co. S oh ool D is­
tr ic t No 6, M o
....
C arroll S ch ool D istrict,
I » - •................819,
C a r'h a g e , M o ............ 915,
C arthage, O h io....... 1102,
C is s C o., M i c h ................
Cedar Rapids Indep.S ch.
D istrict, l a ...............964,
„
H 58,
C ham paign Co.. O . .1102,
C ham paign S ch o ol D is­
tr ic t N o. 6 III.........966,
C h ariton C o ..K e y tesv ille
S ch . Dist., M o ................
C h a riton C
M o . .........
Charit >n C o. Sch. D ist.
N o. 8 M o .........................

T o th e

H o ld e r s

o f th e F u n d in g

B o n d s oft

Yellowstone County, Mont.
T a k e N o tic e th a t th e C o u n t y o f Y e l l o w s t o n e , .
M o n t a n a , w ill re d e e m and pay $ 9 1 , 5 0 0 7)6 F u n d ­
ing B onds o f said C ou n ty, dated J u ly 1,1887, n u m ­
bers 1 t o 63, in clu sive , an d 101 t o 1«0, in c lu -iv e , w it h in
th irty d a y s fr o m th e d a te o f th is N o tice, t o -w i t : On
J u ly 1, 1898, and th a t in te re s t o n said b on d s willcease on an d a fte r said J u ly 1,1898.
Said b o n d s are h e r e b v c a lle d f o r p a y m en t u n d e r
th e te rm s o f t h e o p tio n th e re in con ta in ed .
Said bODds w ill b e paid at th e N ational Bank
th e R e p u b lic, New Y o rk , N. Y.
B y O rd er o f th e B oa rd o f C ou n ty C om m issioners.
D a te d Billin gs , Mon tan a , J u n e 1,1898.
O. N. N E W M A N ,
,
C h airm an B oa rd o f C om m issioners,.
:S E A L .
W . B. GEORGE,
...
J
T reasurer
A t t e s t :—
S. F . Morse, C ou n ty C lerk.

Notice to Bondholders.
To Whom it May Concern:
N o tic e is h e re b y g iv e n th a t th e C ity o f C olora d o
Springs w ill o n th e first day o f Ju ly, A . D . 1898, a t
T h e C hem ical N ational B a n k o f N ew Y ork C ity, N e w
York, o r a t th e office o f th e C ity T reasu rer o f th e
City o f C o lo ra d o Springs, C olorado, pay in fu ll an d
disch arge te n (10) b on d s o f o n e th o u sa n d ($1,000)
dolla rs e a ch , n um bered fro m o n e (1) t o ten (10) in ­
clu sive, o f a series o f fift y <50) b on d s o f th e d en om ­
in ation o f o n e th o u sa n d ($1,000) d olla rs each, n u m ­
bered fro m o n e (1) t o fifty (50) in clu siv e, b ea rin g
six (6) p e r ce n t interest, issn ed b y t h e C ity o f C ol­
o ra d o Springs o n
th e first d a y o f Ju ly, 1888
m atu rin g o n th e first day o f Ju ly, 1903, t h e
C i'y o f C olorad o Springs r e s e r v in g th e o p tio n t o p a y
said b o n d s o r a n y part th e r e o f on t h e first d a y o f
July, 1898; said bon d s be in g issued an d k n ow n as
“ S ew er C on struction B o n d s ,” and be in g sold in th e
first in stan ce t o N. W . H arris & C o. o f C h icago.
Illinois.
T h e said b o n d s o n e (1) t o te n (10) in clu s iv e , w hich
said bonds th e C ity o f C olorad o Springs Intends t o
pay o n th e first d a y o f Ju ly, 1898, will cease to hear
in terest a ft e r th e first day o f J u ly, 1898.
M OSES T . H A L E ,
C ity T re a su re r o f t h e C ity o f C olorado SpringB, C ol­
orado^__________________________________

W ARRANTS.

C a refu lly s e le cte d . H igh -grade State, C ou n ty, Oity
-md P u b lic S ch ool Issues, m aturin g in 6 to 24 m on th s
m d earn in g 6 t o 8 per c e n t o u r specialty.
R O B T . E . 8 T R A H O R N & C O .,
E q -u lt a b le B u i l d i n g .
B oston . M a ss.

THE CHRONICLE.

J une 25, 18fe8.j
INDEX T O
C h a rleroi S ch D ist., P a .
820
■Charlotte, N. Y .966,1055, 1102
C h a rlotte. N. C .............
819
C hftteaugay, N. Y ............
820
Ch tu ta u q u a C o., K a n . . .
966
C h e b o y g a n Co.,Mich.H22,
915, 1102
C n elsea , M tch ....................
820
C h e rry y a le , K a n ...............
968
C h ester, CoD n....................
966
C h ica g o , 111. . . 1055,1101,
2.
1 1,1 06, 1246
, C h ica go San itary D is/ tr ic t . III....... : ....1 2 0 6 , 1216
C h ristian Co. S ch ool D is ­
tr ic t N o. 2, M o ................
966
C in cin n ati, O h io ........820,
86«, 1206
C larion In d ep en d . Sch.
D ist., I a ..................820, 11*3
C la y Co , I n d ........... ,9o6, 1011
C lay. W a s h in g to n an d
W e b s te r D ists., W .V a .,
915, 1102
C la y to n C o . 6 a .............. 1153
C lear Creek C o., C o l.......
914
C levelan d , O h io .........*69,
960,1011, 1055, 1102, 1247
C lin ton . M a ss....................
915
C lo q u e t S ch o o l D istrict,
M in n .................................. 1011
C lyde, O h i o ..................... 1102
C oa h om a C o., M iss...........
915
C od in g ton Co., S. D .........
819
C offeyville, K a n .. -------869
C oh oes. N. Y ............... 966, 1055
C olem an Co., T e x ...........
819
C o lfa x . Ia ............................ 1011
C o lo r a d o .............................. 1153
C olora d o Springs, C o l.... 1 1 2
C olum bus. 6 a .................. 1153
C olu m h u s, M is s ................ 1011
C olum hus, Ohio.82->. 966,
1011, 1102. 1153, 1206
C olu m h u s S ch ool D ist r ic . N e b . ..............1102, 1247
C o m a l Co , T e x
..820,
916
C o m a n ch e Co., T e x . 820,
1055, 1102
C on cord ia. M o.............869, 1011
C on n ea u t Sen. D ist.. <).,
1011,1056, 1247
915
C on tin en tal, O h io ...........
C on w ay, M ass ................ 1011
C oolv ille, O h io .................. 1102
C o s h o cto n Co.. O h io .......
869
C o tta g e C ity, M ass........... 1102
C ov in g ton , K y . . . .........
913
C r a ft -n, P a
............. 1206
C u m b erla n d . M d .............. 1055

ST A TE

C u ya h oga Co., O h io .820,
C u yah oga Falls, O h io ...

869
1247

a d e C o. S ch o o l D is­
tr ic t N o. 4, M o . . . . . 1153
966
D a h lo n e g a , 6 a ..................
D a lto n , M ass.....................
820
D an vers, M a s s ..................
820
D a v e n p o rt, la ...............
1152
D a yto n a F la. ..................
820
D ayton. O h io . ..............
9 -5
D ayton S c'i. Dist., O h io . 1206
D eca tu r, M tch.................... 1247
D eering. M e
966,1153, 1206
D eer L o d g e Co., M ont.,
869,
966
D e fia n ce Sch. D i s t , O.,
869, 1102
D elaw are................... 1102, 1153
D elaw are, O h io
.........
869
D e lp h o s, O h io.. .869.916,
1011, 1102
D elray, M ic h ...................... 1102
D en ver, C ol 819.965,966,
lO H , 1055, 1206, 1247
D esh ler S ch. D ist., O h io . 1102
D e S o to S ch. D ist., M o.,
1011, 1055
D im m it Co., T e x . . 1153, 1247
D o n le y C o.. T e x . . . 1056, 12*7
D resd en , O hio .915,1011, 1102
D u blin Sch. D ist., T e x . . 1011
D ubuque, I a .............. 914,
915
D u lu th .M in n .8 6 9 ,1 0 5 « , 1158
D u n k lin C o. S ch o o l D is­
t r ic t N o. 3, M o .............. 1153
D u q u e sn e Sch. D is., P a . 1102
1153
D u ran go, C o l.....................

D

O ro v e , I a .............
E agle
ast C leveland, O hio,

966

1011, 1153
E ast C leveland S ch o o l
D istrict, O h i o ..............
1011
E a s t H a r tfo r d
U n ion
Sch. D ist,, C o n n ............ 1206
E a st L iverp ool, 1>hio. . . . 1' 55
East O range, N. J .. . . 966, 1055
E a st St. L o u is, 111
. . . . 1206
E ast St. L ouis Sen. D i st.
NO. I, III......... 915, 966, 1055
E ast St L o u is S ch. D is t. '
N o. 2. I l l ...........................
915
E d d y sto n e , P a.................. 1056
E lizabeth, N . J .................. 1102
Elkb<>rn, W is .................... 1153
E lk P oint, S. D. .8 a9 ,966, 12 M
K lkton S ch ,D is .,K y .ll0 2 , 1206
Elm a, Ia
....................
1206
El P a so , T e x . . . 915,1202, 1247

N E W LO A N S.

AND

C ITY

DEPARTMENT-CONTINUED.

E ly , M in n ............................
869
E lyria, O h i o ........................ 1206
E lyria S ch. D ist., O hio.
l u l l . 1102,1153, 12*7
E n d erlin , N. D .................... 1206
E n g le w o o d , N J ................. 1011
E rw in S ch o o l D istrict
N o. 1, N. Y ...........1055, 1153
E s s e x Co., N. J . . . . 868, 1054
ass.. 1102,
1206,
Fall R iv e r , M1153,
F ergu s F a lls ,M in n ..966,

1247

1011,1153, 1206
F in dlay, O hio .................. 9 7 0
F itchburg, M a s s .............. 12->6
Flagstaff, A riz. . . . ......... 1055
F lin t U n ion s c h o o l D is­
tr ic t, M ich ....................... 1247
F lora, I n d ..........................
820
FI iren ce, A la ............914,
966
F lo re n ce Sch. D ist., C o l. 1011
F o re st. W is ...8 6 9 ,9 1 5 , 120«
F o rt B en d Co., T e x . .820, 1153
F o s s to n .M in n .1012,1055, 1206
F o x b o ro u g h , M ass........... 1247
F r a -k iln Co., I l l ............... 1012
F ran k lin C o ., K y ............. 1247
F ran klin Co., O hio,
820,869,915, 1012
F r e d e rick , M d ....................
820
F re m o n t. O h io ..................
966
F resno Co., R o s e d a le
S ch. D ist., Cal................ 1012
F u lto n , N. Y ...................... 1206
T e n n .........
Gallatin,
arfleld S ch. D is., N .J.,
1012,

1153
1247
1206

G aylord, M in n ..................
G en esee S c h o o l
D is­
trict, Ida....................915, 1206
G -o rg e to w n S c h o o l D is­
trict, O h io. .11-12. 1153, 1206
G ilb e rt S ch o o l D is trict
N o. 4, Ia . .........................
966
820
G le n v ille , O h io..................
G le n v ille S ch o o l D is ­
trict, <»hio 1012,1055, 1206
G le n w o o d S ch o o l... D is­
tr ic t I a .................... 1102, 1153
G lldden Sch. D ist., I a . . .
869
G lo ce ste r, tt. 1....................
869
G lo u ce ste r, M a s s ... .915,
1012, 1103
G o ld e n , C o l.........................
8«8
G o ld s b o ro , N. C.
1206, 1247
G oliad Co., T e x .............819, 868
G ra ce v ille In d e p e n . Sch.
D ist. N o. 1, M in n .. .916 1012

G rand Island, N e b ...........
G rand Isla n d Sch. D ist.,
N eb ........................... 1206,
G rand J u n ctio n , C ol . ..
G rand R apids, M ich,,
1012, 1103,
G rand R a p id s . M in n .. . . .
G rand R a pid s (T w p .),
101«,
O h io ...............
G rand R a p id s (V illa g e ),
O h io.......................... 1012,
G rand
T r a v e r s e Co.,
M ic h .................................
G re e le y Co., K a n ..............
G re e n v ille , O h io ...............
G reen w ich . O h io ....1012,
G re e n w o o d T w p., P a . ..
G ro v e City, P a ......... 916,
1012,
G uadalu pe Co., T e x .......
G u n n iso n C o., C o l...........
G u ite n b u rg , N . J ..............

The Town of Bushnell, 111.

1206

H ornelVsville, N . Y.1103, 1247
H o rn e lls v ille S ch. D ist.
1158
N o. 7, N. Y .....................
H o s p e r Sch. D ist., I a . . . . 1012
H o u s to n , T e x .. . 916, 1056
H o w e ll Co., W illo w Sp'gs
Sch D ist., M o ................
914
H u d son , N. Y .........
869
H u ll, Mass ..................... 1056
H u m b o ld t S ch o o l D ist.
N o. 1". K an .. .821,916, 1154
H u n tin g d o n , T e n n .........
1247
H u n tin g to n F ire D ist.,
M a QQ
1 9AST
H u n ts v ille , M o’ " — 965, 1 0 10
H u ro n . O h io ...869,1103, 1154
H u tch in s o n Co. s c h o o l
D istrict N o. 82, S. D . . .
869
H y a ttsv ille . Md,.
. . . . . 1"12
H y d e P ark , M ass.............
821

1247
1012
1153
966
1103
1103
1056
819
1247
1247
821
1056
1153
1151
821

da G ro v e Sch Dis., I a . 1154
dal-a Sch, D ist.. M o .. . 1012
In d e p e n d e n ce S ch. D is ­
trict. * * o .. . . ............
1206
In d ian ap olis Sch. D is­
trict, I n d .............H o3 , 1247
I o w a .....................................
966
Iron ton , O h io...........1056, 1247
Isa n ti C o., M in n ...............
916

X

ack en sack , N. J.1153, 1247
a llow ell. M e ..........
868
H a m ilto n Co., Ill.............
916
821
H a m ilto n Co., O hio .......
H a m ilto n , O h io . . . 1153, 1247
H a r ris o n Co., I a ..............
821
H a rris o n Co., O h io ......... 1247
H a rriso n Co. 8ch . D ist.
N o . 3, M o .........................
965
S19
H a rriso n Co., T e x ...........
H a rriso n Co., W o o d b in e
S c h o o l D istrict, l a ....... 1012
H a r ris o n , N. J ....... 1153, 184’
H a rriso n . N. Y .......... 966, 10*6
H ask ell Co.. T e x ..............
868
H a v e rh ill, M ass........ 066,
1153,
1206
H a v e r straw , N. Y . ........... 1206
H eald sbu rg, Cal................
9«6
H e b r o n , N eb .................. 9 70
H e ile rto w n , P a ........831,
916. 1012
H e m p h ill Co., T e x . 1056,
1153, 1206
H e m p ste a d . T e x ..............
916
H e n n e p in C o. Sch. D ist.
N o. 19, M in n .................. 1056
H e y w o rth S c h o o l D is­
966
tr ic t 111............................
H igh lan d, 111.......
869
H ig h la n d Park, M ich.,
„
868, 1010
H ig h Springs, F la ............ H 08
H illsd a le Co.. M ich 869, 1012
H o b o k e n , N. J . .821, 8-9,
916.1012,1056, 1103
H o ly o k e , M ass.................. 1056

H

IN V E S T M E N T S

BOND CALL.

1251

ack sb o ro , T e x .............. 1206
a c k s o n C o.. A la ...........
869
J a c k s o n C o., O h io ...821, 1013
J * okson. M ich. 10 5 6 ,1154, 1247
Ja ck so n Sch. D ist., M ich.
916
J a m estow n , R. 1 .............. 1154
Jan e sv ille . W i s ............... 1019
Jefferson C ity, M o ........... 1206
J e ffe -s o n Co S ch o o l D is 965
t ic t N o. 4. M o ................
Je n n in gs Co., In d .............
821
Je rse y C ity, N. J . 1154, 1207
J o e D avis. M 'n n .. . . . . . . . 1206
J o h n s o n Co., K an . . . . . .
916
J o n n sto n (se e P r o v i­
d e n ce ), R. 1.....................
964
J o h n sto w n , N. Y ..............
9 l6
J o n e s Co.. T e x . .819, 868,
916
J o p l i n ,M o .. . .
. ........... 1207
J u n ctio n City, K a n .........
916

F

alam azoo, M ic h ..821,
Kansas
City, K a n .*21,
869,916,

916

966
K ansas City, M o . H 54, 1247
K e n s e tt Sch. D ist., Ia.,
966, 1108
K en sin gton , M d ................
821
K e n t Co., M ich ..................
96 6

IN V E S T M E N T S .

HIGH-GRADE

LOANS NEGOTIATED 7 AND 8*

State, M unicipal, County, School

on Georgia and Alabama Real Estate.

BONDS.

On t h e first d a v o f J U L Y , 1898, at t h e C H A S E
N A T I O N A L B A N K , in th e city and S ta le o f N ew Legal
Y o r k . I w ill pay th e fo llo w in g six p er c e n t (6j()
B on d s, nam ely:
'1 h irty (3D) b on d s o f O ne T h o u sa n d D ollars ($1 ,000 )
ea ch , issu ed b y th e T ow n o f B ushnell, Illin ois, num ­
b ered fro m 14 to 43, b o th in clu sive; dated th e first
day o f Ju n e, 188«, d u e July 1st, 11-06. w ith op tion o f
p a y m en t a fte r five years fro m d ate th e r e o f, payable
t o bearer at th e A M E R IC A N E X C H A N G E N A ­
T I O N A L B A N K , at N ew Y ork City; all in te re s t on
33
th e a b o v e -d e s c r ib e d bon d s, a ggregatin g T h irty
T h o u s a n d D ollars ($30,000), w ill ce a se on said date.
J.
C. C A D W A L A D E R ,
L IS T
S u p erv isor o f T o w n o f B u shnell,
M c D o n o u g h C o u n ty, Illin o is.
A tts st *
W . H , DAWSON, T o w n Clerk.

in v e stm e n ts f o r Savings B a n k s in N ew Y ork
an d all N ew E n gland.

Rudolph Klevbolte & Cta
B A N K E R S ,

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

SAV A MMA H ,

G E O R G IA .

N ine ye a rs p ra ctice in A laba m a .
S ix years in G eorgia.

a n d 3 7 N a ssa u S tr e e t, N ew Y o r k .
C in c in n a t i.
S

M A IL E D

P h ila d e lp h ia .
UPON

A P P L IC A T IO N .

C o r p o r a t io n L a w

a S p e c ia lty .

^ 1 3 0 ,0 0 0
5 PER CENT

ADAMS & CO M P A N Y, FRANKLIN COUNTY, 0.,

BOND

CALL.

B A N K ER S

TOWN OF WADE, ILLINOIS

On th e first day o f Ju ly, 1898. at th e A m erica n E x ­
c h a n g e N ational Bank in t h e C ity a nd State o f New
Y o r k , I w ill pay th e fo llo w in g Bix per ce n t bonds,
n a m ely : F o r ty -s e v e n b o n d s o f $500 each , Issued by
t h e T ow n o f W a d e, Jasper County. Illinois, num ­
bered from o n e to fo rty -s e v e n , b o th in clu sive, dated
t h e first day o f M ay, 1*87, d u e M ay 1st, 1907,w ith o p ­
t io n o f p aym en t a ft e r J u ly 1st, 1*97; payable to
b ea rer a t th e A m erica n E x ch a n g e N ational Bank at
N ew Y ork City. A ll in terest o n th e a b o v e describ ed
b on d s, a ggregatin g $23,50«, w ill cease on said date.
Signed.
J. W . W A K E F I E L D ,
A t te s t:
S u p e rv iso r o f T o w n o f W a d e .
J . C. V A N D E R H O O F ,
T ow n Clerk.

D E A L E R S IN

B R ID G E

FOR

M em bers o f B o s to n S to ck E x ch a n g e .

No. 7 Congress and 81 State Streets,

BOSTON

LISTS SENT UPON A P P L IC A T IO N
M E M B E R S O F B O ST O N A N D N E W Y O R K
ST O C K E X C H A N G E S .

R. L. D A Y & CO.,

D escrip tiv e C ircular and P ric e o n ap p lication .

BRIGGS, SMITH

3 3 E a st T h ir d S tr e e t,

1 B road
W ANT

TO

S tre e t. N ew Y o r k .
BUY

OLD

E. H. ROLLINS & SONS,
1 9 M ilk S tr e e t, B o sto n , M a ss.

&

N iver C o .,

TEXAS
COUNTY AND CITY BONDS M U N I C I P A L B O N D S ,
FO RTY




W A LL

S T .,

N. Y .

CO.,

S U IT A B L E

FOR

FUNDS.

LISTS MAILED ON APPLICATION.

Parson,

Leach & Go._

C H IC A G O .
lO O D e a r b o r n S t .

NEW Y O R K
3 3 N a ssa u S t.

LEHIGH

VALLEY

1st Extended Gold 4s,
DUE

JU N E ,

1948.

FEARON & C O B A N K S R8,

ROSENBERGER & LIYERM 0RE,
NUM BER

&

C in c in n a t i, O h io .

^ 100,000

M a c D onald

IS S U E S

-

PUBLIC SECURITIES

2 0 - y e a r G o ld B o n d s .

T o ta l issu e $250,000.
F irst M o rtg a g e at $14,000 p e r m ile.
Net earnings f o r 28 m o n th s o f ope ration , $69,986 99
e q u iv a le n t t o 12% o n th e total issue o f b o n d s.
P o p u la tio n o f L o s A n g e le s 103,079.
Sen d f o r fu ll d e s crip tio n o f p roperty.

T r o w br id g e,

4 0 W a t e r S tre e t. B o sto n .

7

Los Angeles Ti action Co. SAVINGS BANK AND TRUST
%
1 st M o rtg a g e 6

New York Savings Banks
and Trustees.

7

State University
IN V E S TM E N T BONDS, State ofOhio
4K* BONDS.

$ 1 75 , 0 00

Investment Bonds

BONDS.

S i o ^ o o o

1st Nat. Bank Bldg.,

• - CHICAGO. 104 South F ifth Street, Philadelphia]

1252

THE CHRONICLE.
INDEX TC

K eok u k S c h o o l. D is­
trict, Xa................. 1207,
K e rr Co., T e x . . .819, 819,
K ingfisher S ch o o l D is ­
trict, O k la.......................
K irksville, M o .............. ..
K qox C o ., O h io ......... 821
K n o x C o., T e x ..............
K o o te n a i Co., I d a ............
ia, N. H ............
L aa con
C rosse S c h o o l D is­

trict, W i s .........................
L a C rosse, W is ..........819,
8:8,1 064,
L a k e Co., C ol.....................
L a k e Co., K an...................
L a m p asas < o., T e x .........
L a n caster. P a ....................
L a n esb oro, M i n n .. . . ___
L a n «d a le P a ....................
L a n sd ow n e, P a .........869,
L a p ier. M ic h ....... ...........
L a r.m ore Sch. D ist. N o.
<4, n . D .................... 1012,
L a to n a Sch. D i s t , C a l...
L a v a c a C o.. T e x ...............
L a w ren ce Co.. T e n n .......
L a w ren ce, M ass.........821,
1012,
L a w s o n , M o .......................
L e b a n o n . O h io ..................
L e e Co., T e x . ...................
L e b ig b t o n , P a .......... 967,
L eom in ster. M a ss............
L e R o y . N. Y . . ..1103,
L e R o y S ch ool D ist. N o.
1. N. Y
............. 1012,
L e w iston , M e ....................
L e w is 'o n S ch ool D is trict
N o. 1, Ida
. . . . .......
L e x in g to n , M is s..............
L e x in g to n , N e b ................
L ib erty , N. Y .....................
L ick in g Co., O h io ... >69,
L im a, O h io. 1 0 1 2 ,1 0 1 5 ,
1207,
L im eston e Co , T e x .........
L in c o ln C t.. O k la ...........
L in c o ln Co. S c h o o l D is­
tr ic t N o. 4. M o ................
L in c o ln , N e b ....................
L in c o ln T w p., K a n
..
L iv in g s to n C o., N. Y.821,
967, 1207,
L o c k p o rt, N. Y .8 6 9 .1 0 i2 ,
L o n g Isla n d City, N . Y . .
L ora in , O h io ........... 1103,
L o s A lam ttos Sch. D ist.,
C al............... . . ...................

1248
916
963
966
86*
1103
1010
987
1012
1056
8«8
1151
I i0 3
868
1207
1154
967
821
1103
1103
1248
964
1207
1103
1248
821
1164
916
1164
1248
1154
1056
821
916
916
1012
1248
914
821
965
1154
916
1248
1103
868
1207
821

ST A TE

L o s A n g e le s , Cal.......821,
1103,
L o w e ll. M a s s .....................
L o w e ll S ch o o l D istrict
N o. 1. M i c h ....................
L u ca s Co., O h io ......... 821,
1012, 1103,
L yn n, M a ss.........................

1248
1248
1154
1248
1207

c A r th u r , O h io .1207, 1248
cC om b. M iss............... 1012
M cC onnellsvitle, O . .831, 1207
M cK eesp ort, P a . ..l l 5 4 , 1248
M c K e e ’s R o ck s, P a ..967, 1248
M cK in n e y, T e x ....H 5 4 , 1207
M a co n Co. S ch o o l Dis­
tr ic t N o. 3, M o ............... 1207
M acon , M o ......................... 1010
M acou pin Co., 111... .967,
1056, 1246
M a d ison S ch o o l D istrict,
M in n ..................... 1103, 1207
M adison Sch. D ist., M o ..
916
914
M adison, W is ...................
M aine................................... 1103
M aiden, M a s s .................. 1207
M anchester, N .H ............. 1207
M a n ch ester, V a . . . . 1152, 1154
M andan, N. D . . . .1012,
1 0 1 5 ,1 1 5 4 , 1207
M an illa Sch, D ist., l a . . . 1248
M anistee. M i c h ..............
821
M an n in gton , W . V a ....... 1207
M ansfield, O h io ................ 1248
M arce lin e S ch ool D ist.,
M o ..
965
M aricopa Co. S ch. D ist.
N o. 7, A r iz ............ 1108, 1207
M arin Co., San R a fael
Sch. D ist.. Cal....... 1103, 1248
M arin ette, W is .............. 1012
M arion Co., W . V a ....... 1207
M arise City, O hio ...........
821
M arlb orou gh , M a ss..869,
1207, 1248
M arseilles 111................... 1055
965
M arshall, M o .....................
M artin Co In dep. Sch.
D ist N o. 68. M in n ..9-7, .1103
M a rtin ’ s Ferry, O___869,
1013, 1103, 1248
M assillon, O h io....... 1013, 1154
821
M ayville, N. Y ................
M euhan lcsville Sch. D is.,
N. Y...........................
1267
916
M e d fo rd , M a s s ................ t
M em phis, T e n n .........821,
869,1151, 1154
M e n ard ville Sch. D ist.,
T e x ......................... H 03, 1207

M

IN V E S T M E N T S .

AND

C ITY

967
"VTarragansfett R . 1 .......
JLi asbua, N . H ................ 1208
N ash ville, T e n n ....... 821,
870
N assau <’o ., N. Y . . . . .......
8 8
N atick. M a ss.....................
821
N au gatu ck, C o n n ............ , 9 7 0
N eb ra sk a ............................
819
N em aha C o .,N e b ....870, 1155
N eola, I a ............................
821
N eptu n e City, N. J.1013,
1056, 1155

ak H a rb o r, O h io.........
O akland.
C a l............ -..

-

NEW YORK,

. OFFER FOR SA LE :
N e w Y o r k C i t y ..............................................................3%
B o s t o n ..............................................................................
F a l l R i v e r ................................................................. ....455
M i l w a u k e e ....................................................................... 5%
C i n c i n n a t i . . . ; . . ....... ............. ....................... , . 7 3 -1 0 %
Q u e e n s C o u n t y ............................................................... 4%
H o r n e l l s v i l l e .................
6%

MASON, LEWIS & CO.,
BAN KERS,

La

S a lle S tr e e t, C h ic a g o ,

S T ., N E W Y O R K .

BOUGHT AND SOLD.
A P P R A I S E M E N T S M A D E O R Q U O T A T IO N S
F U R N IS H E D F O R T H E P U R C H A S E , S A L E , O B
E X C H A N G E O F A B O V E S E C U R IT IE S .
.L I S T S O N A P P L I C A T I O N .

N. W. H A R R IS & CO.,
B A N K E R S ,

S t a t e o f M a s s a c h u s e t t s ................................. ...3 h i s
E a s t c h e s t e r , N , Y ....................................................4 s
G l a s t o n b u r y , C o n n ............................................... 4 s
S t o w e . V t ............................... ......... ............................. 4 s
R e n o C o u n t y , K a n s a s ...........................
4% s
L a k e C o u n t y . I n d ....................................................5 s
M o m e n c e , 111..............................................................5 s
A n d O th er D esirable Securities.

GOOD

W a s h in g to n W a r r a n t s . B o n d s a n d S e c u r i
t ie s o f a ll k in d s B o u g h t a n d S o ld .

CALVIN PHILIPS,
- 807-8-9 C A L IF O R N IA B U IL D IN G ,

-

W ASH IN G TO N .

M. A. Devitt & Co., Blodget, Merritt & Co.,
BANKERS,

CH ICA G O ._________

M U N IC IP A L

BONDS.

Securities Netting from 8 K to 6#
A L W A Y S ON H A N D .
Send f o r ou r In v e s tm e n t C ircular.

DUKE M. FARSON, Banker,

M unicipal B on d s.




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

1104
1248
1056
1208
1056
1155
916
821
967
1349
868
1056
916
870
1208
967
819

alo A lto , C a l................
ana. 111....... 967,1010,
P aris. T e x a s .. .. 822, 968,
P a rk ston Sch. D ist, S. D .
P arn assus, P a .822, 1058,
P a w P a w , M ic h .822,914,
P a w tu ck e t, R. I . . . . 1018,
P e a b idy. M ass..................
P e m b e r v ille S c h o o l D is ­
trict, O h io ......................
P e m b in a Co., N . D .. .
P e o ria , 111 .................. 870,
P e rry Co. S c h o o l D istrict
N o. l . M o .........................
P eru . I n d ............................
P etosk ey, M ic h .870,96«,
P h ila d e lp h ia , P a . .. .968,
1 "1 3 ,1 0 o 6 ,1155,1208,
P h ili psburg. N. J . .. . 870,
P h ilo Sch. D ist., i l l .........
Pim a Co., A riz ........822,
P iu c k n e y v ille S ch. D is ­
tr ic t, 111............................
P in c k n e y v ille Sch. D is ­
tr ic t 6 0 . 3, 111 ...............
P in e Isla n d, M in n ...........
P ip e r C ity Sch. D ist., 111.
P ip e s to n e <io., M in n .968,
P ittsbu rg, K a n ................
P ittsfield. M ass.......1013,
P lu cen tla S ch o o l D is t n c t . C a l................ 1155,
P lainfield, N. J - ................
1104Co. M o ...............
P latte
P la ttsb u rg Sch. D is., Mo,
P leasan t H ill. M o............
P le a s a n t H ill
S ch ool.
D istrict. M o ..916,1013,
P leasan ton . C al................
P o k a ga m a T w p., M in n ..
PolK Co., M i n n .. . .. .. 968,

P

822
1165
1<>56
9«8
1205
1151
1208
1208
1208
1249
968
1208
822
1249
1249
1057
1 '5 5
828
1057
1249
1208
968
1165
LOS
1249
1208
1057
965
1013,
1057
1057
917
1057
1208

B A M

18 W A L L

iL K S ,

STREET, NEW

YORK.

Established 1865.
M E M B E R S OF N E W Y O R K ST O C K E X C H A N G E
A llo w in terest o n d ep osits s u b je ct t o sig h t c h e c *
Buy and sell on com m ission stocks a n d b o n d s.e lth e r
for cash o r o n m argin, and deal in

Investment Securities.
H . J. M o u s e . C h a s . D . M a r v i n . 1W. M . K i d d e r *

MUNICIPAL BONDS.

£. C . STANW OOD & Co.®
BAN KERS,

121 Devonshire Street,
1BOSTON.
SECURE BANK VAULTS.

INVESTMENTS

TAC O M A,

F lrst^ N atlonal B a n k B u ild in g-,

1155
1218

N E T T IN G 5 T O 8 P E R C E N T .

3 1 N A S S A U S T . I B a n k o f C o m m e r c e B ld g .)

M U N IC IP A L B O N D S,

1248
HOI
967

cAj.ciUL./Ci^euCCa

BAN KERS,

171

Government a n d
Municipal Bonds

1151
1208
1248

O n eonta. N . Y .................. .1219
O n ondaga S ch o o l Dis­
'822
trict. N o. 2, N. Y ...........
O n on d aga S ch o o l D is ­
tr ic t N o. 22, N. Y .l 165, 1249
O range Co., F o u n ta in
V a lley Sch. D ist., C al. 1185
O range C o., F u llerton
U n ion H ig h Sch. D ist., .
C a l.............................. 822,
flia
O range C o., L a u rel S ch .
' T
D ist., C al............ ............. 1208
O range Co., N. Y . .............
870 \
Orange. N. .1.. .9 6 7 ,105«. 1 0 5 8 l
O sh kosh, W i s . . .822, 916,
'
«67, 1105, 1249
O ttaw a Co.. O h i o . . .. 916, 1249
O w osso, M ich ..........
1249

Whann & Schlesinger,

OFFER FOR SALE :
31 N ASSAU

970

1208
1010
O berlin. O h i o . . . . ............ 1 0 * 5
O dell. Ill .................. 1104, 1249
O din Tw p., Ill . . . . .1104, 12''8
O elw etn Sch. D ist., I a . . . 1104
O gdensburg, N . Y ....9 1 6 , 1013
O gden Sch. D :s ..U t a h ...
9 :6
O h io ......... 870, 967, 1104, 1208
O hio State U n iv ersity,
967,1013,1056,
O lathe Sch. D ist., K a n ..
916
Old T ow n , M e .................... 1208
Olin, Io w a .........967,10.-6, 1208
Omaha. N eb.822,870,967, 1056
967
O nargo, 111 ................ 916,
O neida U n io n F ree Sch.
Dist. N o. 4, N. Y ...9 6 7 , 1013

6 7 M ilk S tre e t, B o sto n ,

BAN KERS,

1056
124«
1208

M IS C E L L A N E O U S .

and Railroad Bonds

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

N ewark, N. J ....8 2 1 , 916,
N ew ark, S ch. D ist., O ...
N ew B e d fo r d M a ss.......
N ew B run sw ick, N. J., ,
821.870.
N ew B ru n sw ick S ch o o l
1154
D ist., N.
J ....... 870, 967,
N ew L o n d o n , O h io...........
N ew O rleans. L a .. . 1155,
N ew P a y n e sv ille , M inn..
821, 870, 1013,
N e w p o rt N ew s, V a .1018,
N ew port, R. 1............ 870,
N ew R ich m o n d S ch o o l
D istrict, O hio ........870,
N ew ton c o ., T e x ... .1056,
N ew ton Sch. D ist., N. J.,
567,
N ew Y o r k , N. Y ....... 867,
8c8, 870,914, 964,1010,
1054,1151, 1155,
N orth A d am s, M a s s .....
N orth a m p ton , M a s s.......
N orth A n d o v e r , M a s s ...
N o rfo lk Co.. M a s s ._____
N o rfo lk , V a ........................
N orth
D a k o ta
State
H o sp ita l to r I n s a n e ...
N orthfield S ch o o l D is ­
trict, M in n ......................
N orth H e m p ste a d Un.
F ree S c h o o l D istrict
No. 5, N . Y ......... ..............
N orth M uskegon, M ic h ..
N orth P elham , N, Y.916,
N orth St. P a u l, W is .......
N orw alk, C o n n ................
N orw alk, C h io ...........916,
1013,1155,
N o rw o o d , O h io ...............
N u eces Co., T e x ...............

IN V E S T M E N T S .

71 BROADWAY,

Descriptive Lists on A pplication

D E P A R T M E N T .-C ontinued.

M e rce r Co., K y ................. 1054
M e rce r Co., M o ......... 821, 1207
M erch an v ille . N. J ......... 1056
M etrop olis, 111..........1103, 1207
M iam i Co., O h io................ 1207
M ich ig a n ........... 916, 967,
1013,1056,
M id d le s e x Co., M ass.,
1154,
1207
M id d letow n , N . Y . ...........
916
M id d letow n , O h io ...889,
967
M ilban k, S. D ...........916, 1103
M illerstow n , P a .......... ..
967
M ills Co., T e x . 110 3,1’ 54, 1207
M ilton, D el...............1058, 1164
M ilton . M ass............ 1154, 1207
M ilw aukee, W is ....... 916,
965,1056,
1103,1154,
1207, 1248
M in den. I a ........................
821
M in neapolis. M in n. .967, 1103
M in n e so ta ................. 1154, 1<07
M issou ri............ 819,1056, 11<>4
M itch ell, S. D ......... . . . .
914
M o n ro e T w p. Sch, D ist.,
N . J ...................... ,T.......... 1154
M o n ro via , C a l................... ll<'4
M ontana
..................
916
M o n te v id e o , M in n ........... 1164
870
M ontezum a, d a ..............
M o n tg o m e ry Co., I a ....... 1208
M o n tg o m e ry Co., M d .... 1013
M o n tg o m e ry Co., N. Y ..
870
M o n tro se S c h o o l D is­
................ 1056
trict, M ich
M orga n tow n , W . V a . . . . 1248
M orris, M in n
..1056, 1104
M o rto n C o., N. D
821, 1056
M ount S ie rlin g S ch ool
D istrict, O h io ................ 1104
M o u n t V e rn o n , M o .......
821
M ou n t V e r n o n , N, Y . . . . 1208
M ou n t V e rn o n S ch ool
.. 1154
D istrict, O h io .......
M urray In d ep en d . Sch.
D ist., Ia .............. .. 916, 1154
M u sk egon Co., M ich.,
821,
967

Government, Municipal

BOUGHT AND SOLD.

f V ol. LXVl

16 Congress Street, Boston.
STATE, CITY & R AILR O A D . BONDfc

W. J. Hayes & Sons,
B A N K E R S ,

D EA LER S IN M UNICIPAL BONDS,
S treet R a ilw a y B on d s, and o th e r h ig h -g ra d e In­
v estm en ts.
BO ST O N , M A S S .,
" C le v e la n d , O h io ,
7 E x ch a n g e P la ce.
3 1 1 - 3 1 3 S u p e r i o r S t,
Cable Address, “ KENNETH.”

GENUINE
WELDED CHROME STEEL AND IRON
R o u n d and F lat B ars and 5-p iy P lates and A n g les
F O R S A F E S , V A U L T S , Ac.
C a n n ot b e Saw ed, C u t o r D rilled, and p ositivel
Burglar P r o o f.
CH ROM E STEEL W O R K S,
K en t A v e., R ea p & H o op er Sts.
S ole M an ’f ’ers in t h e U. S. B R O O K L Y N , N . Y .

The Mutual Benefit
L I F E I N S U R A N C E C O ., N E W A R K , N . J .
A M Z I D O D D , P resid en t.
A ssets (M ark et V a lu es) J a n .l, 1898....... $63,649,749 84
L ia b ilitie s (N . J ., and N . Y . S ta n d a rd ).. 68,864,824 60
S u rplu s............................................................... 4,784,925 24
P O L I C IE S A B S O L U T E L Y N O N -F O R F E i t A b L
SECOND Y E A R .

>A F T E R

I n case of lapse th e In su ran ce Is continued i n
force as lo n g as th e v a lu e o f th e P o licy w ill pay fo r ;
or. i f p re fe rre d , a Cash o r P a id -u p P o licy V a lu e is
a llow ed .

After the second year Policies are I ncontestable ,
and all restrictions as to residence, travel or occupation
are removed.

T h e C om pa n y agrees in th e P o licy t o L o a n u p t o
th e Cash Su rren der V a lu e w hen a s a tisfa cto ry as­
signm ent o f th e P o licy is m ad e as co lla te ra l secu rity.

L osses paid immediately upon completion and ap­
proval of proofs.

THE CHRONICLE.

JUNE 25, 18S8.1
INDEX
P o p la r B lu ff S ch o o l D is­
tr ic t, M o .................. . . . lOS?
P o r t A n geles, W ash ... 9 7 0
P o rtla n d , M e ..................... 1165
P o r tla n d . O r e ...........917, 1013
P o r ts m o u th , O h io ...«17,
1013, 1208
P o r ts m o u th , Y a .............
917
P o r t W a sh in gton S ch ool
D istrict N o. 5, N. Y . ..
963
P .o tts r ille , Pa .................1 0 5 8
P r a ir ie City, III....... 1057, 1155
F 'rattsb u rg, N. Y .............. 1155
P r e s c o t t . A r iz .............917, 10W
P r e s c o t t , A r k ....................
988
/P r o v id e n c e , R. 1...............
964
, P u n xsu ta w n ey, P a .. 968,
/
.
1057, 1155
P u tn a m Co., M o . . . ......... i O > 8
in cy, M ass..................
Q uu in
cy, O h io...................

1105
917

aleigh, N . C ................
871
aleigo Sch. D ist., N.C.
963
R a m s ey Co., N. L>.............
917
R a n k in , S. D., P a . .. . ..
965
R a y Co. S c h o o l D istrict
N o. 2, M o ......................... 1054
R ea d in g, M ass. . . . 1057, 1249
R e d Oak S ch, D istrict,
l a .............................1155, 1208
R e d R iv er Co.. T e x .........
819
R e d W in g. M i n n .............
87 l
R e n o N e v ........................... 1155
R e n v ille Co. In d e c e n t.
8ch . D is. No. 79, M inn..
968
R e v e re M ass..................... 1208
R h o d e I s la n d ..822,1155, 1249
8 71
R ic h m o n d , In d ...............
R ic h m o n d , K v .................. 1013
R ic h m o n d , M ich .............
91:
R ic h m o n d Sch. Dis., K y . 1203
R ic h m o n d Sch. D is., V a .
822
R lc h w o o d , O h i o ..............
371
R iv e r s 'd e , Cal
..............1 05 *3
R o ch e s te r, N. Y ................
988
R o c h e s te r , V t ................ 1013
R o e d in g S ch. D i s t , Cal..
871
R o g e rs v ille , T en n ......... 1057
R o le t t e Co.. N. D ............
822
R o l f e Sch. D ist, I o w a ....
828
R o m e , N . Y ........................
822
R o o k s Co.. K a n ................ 1013
R o y e rs fo r d , Pa, ...1054,
„
«
1057, 1155
R u sh C ity S c h o o l D is­
tr ic t M in n .............. «17, 1013
R u ssell, M ass.................... 1105
R u ston , L a ....................... 1857

R

TO

ST A TE

R u tla n d , V t .......................

1208

S a c r a m e n t o Co., C a i....
i-’ ag H arbor, N. Y ...........
Saginaw, M ic h .. 822,87l,
917,1105,
St. A lbans, V t ...................
St. Charles, M o ................
St. Clair Co., M o ....8 1 9 ,
St. C iou d S ch o o l D ist.,
M in a ...871, 1057,1156.
St. F ran cois Co. S ch o o l
D ists. N o. 57 & 58, M o .
St G eorge. S. C ................
St. Joh n , K a n ...................
St. J o h n sv ille . N. Y .........
St. L o u is C en tral S ch o o l
D istrict. M o ......... .. . . .
St. L ouis. M ic h ...* ...........
St. Paul, M lnn .........917,
St. P a u l Sch. D ist', N eh.
S alisbury S c h o o l D is­
trict, M o .......................
San B ern a rd in o S ch o o l
D i-trlct, C a i...................
San D ie g o , Cai ....... 1054,
S an doval T w p.. 111.1208,
San dusky, O h io .........968,
1013,
San J o a q u in Co., Fair
Oaks Sch. D ist.. C a l...
San L u is O bispo, Cal . . .
San Saba Co., T e x ...........
Santa Clara Co. M ayfield
S ch o o l D is t r ic t ,C a l....
Saugatuck, M ic h . .........
S av annah S ch o o l D is­
trict, M o ............ ..
Savanna, 111..................... .
S ch en ectad y , N. Y ...822 ,
S c h o o lcra ft, M ich ............
S ch u ylkill Co., P a . .1013,
S cotlan d, S. D ...................
Scurry Co., T e x ___1057,
Sea Cliff, N. Y . 917, 96*,
1013, 1057,
Sea Isle City, N. J .............
Seattle, W a s h ...................
S eda lH M o........................
Sedalia Sch. D ist., M o.,
964,
Seguin, T e x . . ......1 1 0 5 ,
S e llersville S ch. D is., P a.
S h a ck e lfo rd Co., T e x . . . .
Sheboygan Co., W is .........
Sh eb oygan . W is................
Shelbina. M o .............. ..
Sh eldon S ch. D ist, N. D .
Shell R o ck , h>wa....871,
Shell R o c k S ch. D is., Ia .

914
871

M IS C E L L A N E O U S .
1850.

1898.

The United States Life
Insurance Co.
IN T H E C I T Y O F N E W Y O R K .
A ll P o lic ie s n o w Iss u e d b y t h is C o m p a n y
c o n ta in th e fo llo w in g c la u s e s :
“ A ft e r o n e y e a r fr o m th e d a te o f Iss u e , th e
l l a b m t y o f th e C o m p a n y u n d e r t h is p o lic y
s h a ll n o t b e d is p u t e d .”
‘ ‘ T h is p o lic y c o u ta in s n o r e s t r ic t io n w h a t ­
e v e r u p o n th e in s u r e d , in r e s p e c t e it h e r o f
t r a v e l, r e s id e n c e o r o c c u p a t io n .”
A l l D e a th C la im s p a id W I T H O U T D I S ­
C O U N T a s soon a s s a tis fa c to r y p r o o fs h a v e
b e e n r e c e iv e d .

1208
1057
9«5
964
1249
985
1208
871
822
822
1156
1156
1057
1105
1249
1156
1013
1151
819
968
1105
1013,
822
1057
1156
1156
822
1105
1208
1249
985
1153

AND

C ITY

D E P A R T M E N T -C oncluded .

Sherm an, T e x ...................
S h u llsbu rg, W is .........871,
S ing Sing, N Y
...........
S io u x P ity In depen den t
S ch o o l D istrict. Iow a..
Siskiyou Co., P e b b le Sch.
Dist., C a l.................. . . .
Sistersville, W . V a ..9 1 7 ,
Som erset Co., M d ...........
S om ersw orth . N. H ........
S om erville, M a s s ...........
Sonom a, C a l................. ¡ . . .
S o n o m a Co., L itto n Sch.
D ist., C a l . . . . ..................
South B e th le h e m , Pa.,
1013,
S ou th b rid ge, M a ss..........
s o u t h D a k o t a ..... , ..........
S outh M ilw au k ee. W i s ..
South P o rtla n d , M e. . . .
Spokane Co. S ch o o l D is­
tr ic t N o. 8 1 , W a sh .........
Spok ane, W a s h ...............
Soringfleld, M a « s .... . . .
Springdeld. O h io ___871,
968, 105?, 1209,
Springfield S ch o o l D is­
trict, M in n .. ... ...
Springfield Sch. D is., O ,
1156,
Sterling, C ol .....................
S to ck to n , Cal.....................
Ston eh a m , M ass. . . . . . .
S 'r o u d s b u r g , P a ..............
Suffolk, V a .................
S u lliva n Co. S ch o o l D is ­
tr ic t No. 3. M o . ..
Sum m it. M is s ..822,1014,
Sunflow er Co., Miss..822,
Superior, W is ................
Sw an ton . O h io. ..............
Sw arthm ore, P a ..............
S ycam ore, O h io.........822,
Syracuse, N. Y ...........918,
f fla c o m a , W a s h . .. . 918,.
L akom a Park, M d ____
Talbot. J o ., M d . . . .......
T a u n to n . M a s s ..............
T a y lo r n lle S ch o o l D ist.,
Ill............. ...................822,
T ek am ab Sch. D is., Neb.
T h ro ck m o rto n C o., T ex .
T n u rston Co Sch. D is­
tricts, W a s h ...................
T itu s Co., T e x ...........822,
T o le d o . O h io ...871. 11 0 s,
T o le d o Sch. D ist., 0.822,
T o w n e r Co., N. D ...918,
1057,

1013
1208
917
819

1010
1057
1010
9>7
968
917

1253

1105
968
871
968
1208
1013
1156

822

124«
917
1013
1057
917
1054
1105
1208
968
968
1209
1249
1057
1249
842
1014
1105
1105
917
1209
1209
9H
1209
1156
1249
985
968
1209
1105
1014
1156
819
1106
1057
1156
1057
1157

T re n to n , N. J ...........1014,
T ripp. S. D ..........................
T ro y , N. Y ....................968,
T ro y . O h io .
.918,1106,
T u ck e r Co.. W . V a ..........
T u cs o n , A r iz .....................
T u la re Co. S ch o o l D is ­
trict, C a l.................1057,
T y le r Co.. T e x . . . -..........
T yn gsb o ro , M ass..............
nadilla, G a ......... 1157,
n ion C ity. T e n n .........
U nion Sorings, A l a .........
U n ;t e l States o f A m e r ­
ic a .......................................
U psh u r Co., T e x . . . . . . . .
U tica, N. Y ..................939,
U tica S ch. D ist., N . Y . . .

Ü

T Ta lle y City, N. D .......
y a lle y J u n ctio n Sch.
D istrict, I a ............ 1157,
V e n tu ra Co. Santa Paula
S ch o o l D ist., Cal. .822,
V e r n o n Co.. M o .........916,
V e r n o n S c h o o l D istrict
N o. 7, M i c h ...........1209,
V ick sb u rg , Miss ..............
V in ton In d ep en d . S ch.
D istrict, I a .....................
V irgin ia , M in n ..................
ade, 111........................
aldo Sch. D ist., O ..
W a lk e r Co., T e x ...............
W a llin g fo r d . C on n .......
W allin gto n , N. J ___969,
W a lto n U nion F re e Sch.
D ist. N o. i, N . Y..1058,
W a p a k o n e ta V illage, O.
W a o e llo C o., I o w a .........
W a r r e n C o., I a ..................
W a rre n , P a .......................
W arrensburg. M o ..........
vVarrensburg Sch. D ist.,
M o .................. 969,1014,
W a s h in g to n ....... 819, 888,
1054,
W a sh in g to n Co., I n d ....
W a sh in g to n C o „ M e.K22,
91*. 1106,
W a s h in g to n C o., M d.,
1210.
W a s h in g to n T w p. Sch.
D ist.. O h io .............1157,
W a te rb u ry, C o n n .............
W a te r v lie t, N. Y ...1 0 U ,
W aukesh a, W is ....... 822,
918, 1014,

W

M IS C E L L A N E O U S .

Ready July 12.

105
918
1014
1269
871
968
1167
819
1014
1209
968
1106
1205
1209
1057
918
1249
1249
969
918
1249
922
1157
871

1101

1249
88 S
1209
1157
1157
1209
918
1249
1249
969
1249

1210

969

1210
1249
1249
871
1108
1106

W a y cro s s . G a ............ . . .
W a yla n d Sch. D ist., I a ..
W a y n e . N eb ............. '■69,
W e b ste r
C ity S ch o o l
O istr ct. Iow a......... 871,
W e b s te r, M as*..................
W e ll» Sch. D ist., M in n ..
W e ilsta n , O h io .................
W e s t B o y ls to n , M a s s ....
W e s t B rook field , M a s s ..
W e stb ro o k , M e ......... 872,
W e s tch e s te r Co., N. Y . . .
822, 969,1014,
W e stp o rt. M a ss................
W e s t Springfield, M ass.,
969, 1015,
W e s t U nion . W . Va..872,
W e s t V ir g in ia .. . . .........
W ilm e rd in g S ch o o l D is tr ic t p«^
W ilm in g to n , D e l" .’ .".*.8221
W ilm in g to n , N. C ............
W ilm in g to n , O h i o .........
W in ch e s te r, M a s s ..l2 lo ,
W in c h e s te r S ch o o l D is­
tr ic t N o. 3, 111. ...1106,
W in d so r, III.......................
W in d s o r T w o ., O hio. . . .
W in field, K a n ....................
W in u e b a g o City, M in n.,
1054,1101,1210,
W in n e tk a S ch o o l D is­
trict, 111............................
W in to n P la ce , O h io . . . .
W ir t Co., W . V a ...1016,
W o b u r n . M a ss..................
W o o d b u r v Co., I o w a . . . .
W o o d b u r y , N. J ................
W o o d ‘ ?o . O h io .872, 989,
W o r c e ste r C o., M ass.,

1210
1106

1210
1058
828
1058
878
888
1014

1210
1058
969
1157
»69
1167

872
872
»69
823
1249

1210
1058
872
918
1249

1210

823
1058
1157
828

1210
ltl5

1210,

1249

1210

W o r c e ste r , M a s s ,. . .. ,. ..

ale. M ic h .......................
azoo-M ississippi D el­
ta L e v e e D ist., M is s ...
Y e llo w s to n e Co., M on t..
94»,
Y on kers, N. Y ...8 2 3 , 872,
1138,
Y o rk Co. 8 c h o o l D istrict
N o. 12, N e b .....................
Y ork . P a ..............................
Y o u n g sto w n , O . . ..1058,
1106.
Y o u n g s to w n S ch o o l Dis­
tr ic t, O h io ___872,1015,
Y u m a C o , C ol
............
Y u m a Ce. S ch o o l IMst.
N o . l , A r iz ................878,

Y

898
808

1101
1249
898
87*
1260
1058
1151
1106

M IS C E L L A N E O U S .

American Express Co.
Established 1841.

Capital, $18,000,000.

65 BROADW AY.

HAND-BOOK
ov

Railroad Securities.

Active and Successful Agents, wishing to renresent this Company, may communicate wan
RICHARDE. COCHRAN,3 d Vice-President^
at the Home Office, 2t>i Broadway, New York.

J U L Y ISSU E.

Issues TRAVELERS CHEQUES imme­
diately available as funds everywhere.
Draws FOREIGN DRAFTS in Sterling,
Francs, Marks, and Money O r d e r s ,
on all parts of the Commercial World.
Makes CABLE TRANSFERS of money
to England and the Continent.
These facilities are obtainable at all
offices of the Company.

officers :]

G E O R G E H . B U R F O R D . . ................P r e s i d e n t
GEO. G. W I L L I A M S .. ................ .........V ice -P re s id e n t
C. P . F R A L E I O H ......................... ..2 d V ic e P resid en t
R I C H A R D E. C O C H R A N ............ ,..3 d V ic e P resident
A . W H E E L W R I G H T .................... .................... S ecretary
J L. K EN W A Y ............................... Assistant Secretary
W I L L I A M T. S T A N D E N ............ ....................... A c tu a r y
A R T H U R C. P E R R Y ..................... .........................Cashier
JO H N P . M U N N .............................. . .. .M ed ical D irector
F I N A N C E C O M M IT T E E :

G E O . G. W I L L I A M S ................P re s . C hem . N at. Bank
J O H N J. T U C K E R ................................................ B uilder
E . H . P E R K IN S , J r .. .P res. Im p. & T rad ers’ N at. B k.
J A M E S R. P L U M .. ......... ............................... L e a th e r

B A N K I N G H O U S E OF

H A IG H T & F R E E S E ,

(Issued Semi-Annually by the Publishers of the
Co m m ercial & F inancial Ch r o n ic le .)

Fred. M. Smith,
70 SOU TH STRE E T,

AUBURN, N EW
CONTENTS.
A D e sc rip tio n

B onds

an d a

of

B it,

S tock s an d

Statem ent ov th e I ncome

for four years past, as well as the annual
charges against Income.

H igh est a n d ’ L o w e s t P r ice s M o n th ly
a n d Y ea rly of R a il r o a d B onds and Sto ck s .
Monthlyforthe year 1897, and to July 1,1898.
Yearly, 1892 to 1897 both Inclusive.

A u c tio n e e r ,

A p p r a is e r

YORK,

and

N e g o tia to r

M akes a Specialty o f S elling R E A L E S T A T E and
P E R S O N A L P R O P E R T Y f o r p arties w ish in g t o
R E A L IZ E Q U IC K L Y .
M akes a Specialty o f Selling S ecu rities f o r M U N IC ­
I P A L I T I E S and C O R P O R A T IO N S , th a t requ ires
e x te n s iv e a d vertisin g f o r purchasers,
M akes a Specialty o f N E G O T IA T IO N S fo r H O T E L
P R O P E R T Y , SE C U R IN G L E A S E S , A P P R A I S I N G
F U R N IS H IN G S , B U Y IN G and SE L L IN G .
B usiness co n n e ctio n s w ith Syracuse. H ead qu a r­
ters, Y a tes H o te l.

WM. FR A N K LIN H A L L ,
Accountant,

58 B R O A D W A Y , N E W Y O R K .
B os ton , 85 S tate St.; P h ila d elp h ia , 402 W a ln u t St.
E x e c u te o rd ers in Stocks, B on ds, G rain, C otton
an d P ro v is io n s on th e N ew Y o rk , P h iladelph ia, B os­
t o n and Chi< ago G rain and S to ck E x ch a n g e s f o r in­
v e s tm e n t o r t o be carried o n m argin o f 3 to 5 per
c e n t at m od era te rates o f in te re st an d 1-16 com m is­
sion . In te r e s t a llow ed on m argins an d deposits sub­
j e c t to c h e ck a t sight.
D E T E R M IN IN G T H E F IN A N C IA L R E .
S P O N S IB 1 L IT Y O F T H E F IR M W IT H
W H IC H YO U D E A L IS A S IM P O R T A N T
A S S E L E C T IN G T H E R I G H T S T O C K S .
P riv a te w ires t o B o sto n , P h ila d e lp h ia a n d C hicago.

Y ea rly R a n g e in P r ic e s o f A ctiv e M s ï ï t o S u e " ? '" 6’ «BOSTON, MASS.
S tock s—Being highest and lowest prioes Books audited. Examinations and investiga­
f.With dates of same made in each year from
1895 to July 1, 1898.

D iv id en d s o n R a ilr o a d S tock s paid dur­
ing each of the years 1892 to 1897, and to
July 1,1898.

B O U G H T A N D S O LD .

C LIN T O N G I L B E R T
W A L L

S T ..

WKW

VOMH.

A. Strassburger,
STO CK S & B O N D S B R O K E R

W IL L IA M B . DANA COM PANY,




Bank and Trust CompanyStocks
New York and Brooklyn
9

Price in Light Leather Covers, • $1 00
To Subscribers of the Chronicle,
75

B r a n c h O ffic e , 1 1 3 2 B r o a d w a y , N e w Y o r k .

C H R O N IB L E Y O L U M E S F O R S A L » .
W I L L I A M B. D A N A C O M P A N Y , 7 6 * P in o St N Y

tions conducted with the utmost oare
and efficiency.

7 6 ^ P in e Street, N ew aY ork .

S O U T H E R N IN V E S T M E N T S E C U R IT IE S ,

Montgomery, Ala.

[VOL, LXVI,

THE CHRONICLE.

1254

Bankers and %xol3iXxs ®nt of fjtera ^ox'h*
SOUTHERN.

PITTSBURG.

C H ICA G O

W i l l i a m W i l s o n & S o n s , E stab lish ed 180».
W i l s o n , C o l s t o n & C o.,
"
1807.

A. O. Slaughter & Co., Henry Sproul & Co., |Wilson, Colston & Co.,
78 F O U R T H A V E N U E ,
B A N K E R S AND B R O K E R S ,

M em bers o f B a ltim ore S to ck E x ch a n g e .

MEMBERS OF THE

C H IC A G O , I L L S .
M em bers N ew Y o r k

S to ck

N E W Y O R K ST O C K E X C H A N G E ,
P H I L A D E L P H I A ST O C K E X C H A N G E ,
P IT T S B U R G E X C H A N G E (3 M E M B E R S ),
C H IC A G O ST O C K E X C H A N G E ,
C H IC A G O B O A R D O F T R A D E .

E x ch a n g e , Chlcagc

S to c k E x ch a n g e a n d Ch icago B o a rd o f T ra d e,

Jamieson & Co.,
J

B A N K ERS,

P IT T S B U R G , P A .

11 5 -1 1 7 LA SALLE STREET,

S T O C K S —B O N D S ,

BANKERS.

NORFOLK, V A .

PEM .

ISOUTHERN INVESTMENTS.

COBRESPONDEN TS

P r iv a te w ire t o N ew Y o r k an d P h iladelph ia.

P IT T S B U R G ,

S n ccessors t o L o e b & G atzert,

MORTGAGE BANKERS,
12 5 L A S A L L E S T R E E T , C H IC AG O .
F irst M ortg ages f o r sale In large and sm all am ounts,
n e ttin g Investors 6, 6*$ and 0 p er ce n t, s e c u r e d b y
im p ro v e d and In com e-b e a rin g Ch icago c ity property

Davenport & Co.,

B a n k o f N ew Y o rk , N . B . A .
F irst N ation a l B a n k o f P h iladelph ia.

Sidney Loeb & Co.,

(b

ESTABLISHED 1871.

Whitney & Stephenson,
BAN KERS AND BROKERS

C O R R E S P O N D E N C E S O L IC IT E D .

O ldest P ittsb u rg M em bers N . Y . S to ck E x ch a n g e .

B A N K ER S & FINANCIAL A G EN TS,
171 L A SA U L E S T R E E T ,

P IT T S B U R G H
GENERAL BANKING,

PA.

C. W. Branch & Co.,
BANKERS AND BROKERS,
St a t e B a n k B u i l d i n g ,

RIC H M O N D,

(nrCOBPORATED).

COLLECTIONS

PHILADELPHIA.

, W. Clark & Co.,

CIN CIN N ATI.

B A N K E R S A N D BROKERS.

N o . 1 3 9 South F o u rth S t.,

Irwin, Ballmann & Co.,
BA N K ER 8 AND B R O K E R S

C O M M E R C IA L P A P E R .

D ealer

199 La Salle St., Chicago, 111.

in

C incinnati Bo n d s .

No. 37 East Third St.. Cincinnati. Ohio

H o w a r d L e e Cl a k »

Richardson & Clark,
BANKERS,

26 Exchange Street, Providence, R. I

MUNICIPAL BONDS.

|Edward B. Smith & Co.*
BA N K E RS AN D BROKERS,

BOURSE BUILDING,

PH ILAD ELPH IA.
|M em bers P h ila . and N ew Y ork S te ck E x c h a n g e s

H ig h -G ra d e C ity, C ou n ty T o w n and 8 c h o o i B on ds,
issued in leadin g prosperou s States o f t h e U nion
especially ad a p ted f o r s a fe an d p erm anent in ve stm eet
E s ta te s and T r o s l F u nds

W Lxititxfl

w

P H IL A D E L P H IA .
T ra n sa ct a gen eral b an k in g bu sin ess.
A llo w »
I in te re st on d ep osits.
„
. a. .
1 M em bers o f th e P h iladelph ia and N ew Y ork S t o o l
Exch anges, and c o n n e cte d b y p riva te w ire w ltn
N ew Y o rk ,

Seasongood & M ayer,
B. W . Corner Third and Walnut Streets.
C IN C IN N A T I, O H IO .

Commercial Paper, Bonds, Stocks and
Local Securities

VA.

P r iv a te w ires co n n e c tin g w ith W a sh in g ton , B a lti­
m o re , P h iladelph ia, N ew Y ork, B o sto n and C h ica go
| N ew Y ork C o rre s p o n d e n ts: M essrs. L a d en bu rg
|T h alm an n & Co. and Leh m an B ros.
________

High-Grade Investment Securities.

A. G. Becker & Co.,

,

E S T A B L I S H E D 1800.
C orresp on d en ce solicited and In form a tion f u r ­
n ish e d a b o u t S outhern State, M u n icipa l and R a il­
r o a d In v e stm e n t S ecurities.
.
1 R e fe r e n c e — Bank o f N ew Y o r k N. B A.

INVESTMENTS.

CH ICAG O .

b r o k e r s

I

T. Mellon & Sons’ Bank,

John J. P. Odell & Co.,

a n d

R IC H M O N D , V I R G I N I A .

N o . 57 F O U R T H A V E N U E .

JOHN j . p . O d e l l , fo rm e r ly P r e s ’t. U n io n N at. B a n k .
F r a n k . H . P e a v e t , (S pecial,)

a n k e r s

PA.

Principal and Interest Payable In Gold.

Ja m e s R ic h a r d s o n

.

Mottu, de W itt & Co.,
Bankers and Brokers,

P IT T S B U R G ,

Chicago, Ills,

. .

N. Holmes & Sons,

: M em bers N ew Y o r k and C h ica g o S to ck E x ch a n g e s’

10 9 LA SALLE STREET,

„

2 1 « E a st B a ltim o r e S tr e e t, B a ltim o r e .
. In v e s tm e n t and M iscella n eou s S e cu rities a sp eeialty, and w h o le Issues han dled.
i
E x cep tion al fa cilitie s fo r dea lin gs in all cla sses o t \
S outhern B onds. L o a n s o n C ollateral Secu rities i
I n e go tia te d ._____________________ ___________ . \

W G. H o p p e r ,
h . 8. H o p p e r ,
M em bers o f P h ilad elp h ia S to c k E x ch a n ge.

Wm. G. Hopper & Co.,
i

STOCK AND BOND BROKERS,

28 South Third Street, Philadelphia

w

B O N D S A D V E R T IS E D o n th e m ark et supplied a t
|SU B S C R IP T IO N P M C B 8 .n|) ^ _________________ ___

C. & H. Borie,
BANKERS AND BRO KERS.

Third and Chestnut Streets,
PHILADELPHIA. PENN.

STAHL & STRAUB,
BAN K ERS AND B R O K E R S,
113 S O U T H F I F T H S T „ (D re x e l B u ild in g ),
P H IL A D E L P H IA .
A G e n e ra l B a n k in g B u siness T ra n sa cted .
I n v e s tm e n t S ecu rities B o u g h t a nd S old.
■ In te r e s t A llo w e d o n D ep osits.
I M em bers o f P h ila S to ck E x ch a n g e and c o n n e c t e
b y d ir e ct w ire w ith N ew Y o r k an d o th e r poin ts.

MISCELLANEOUS.

Ladd & Tilton,
BANKERS.

PORTLAND,

w



w

OREGON.

E S T A B L IS H E D IN 1869.

|Transact n General

Banking Business.

Collections Given special A ttention

JUNB 25, 1898.]

THE CHRONICLE.

IX

Jfitmttjcial.
R E O B SA N ITATION « F T H E B A L T IM O R E A O H IO R A IL R O A D CO M PAN Y—(C on tin u ed) their securities o n a n d a ft e r J u n e 30» 1898, either with the Mercantile Trust Company, at its office. No. 120 Broadway in the City of New
York, or at its agency, the London and Westminster Bank, Limited, 41 Lothbury, London, England, and will receive reorganization certificates
o f deposit therefor. Application will be made in due course to list such certificates ol deposit upon the New Y 6rk and London Stock E x ­
changes.
Participation under the plan of reorganization in any respect whatsoever is dependent upon the deposit o f securities as above within such
time as may be fixed by the Managers, and the plan will embrace only securities so deposited. Copies of the agreement and plan o f reorgan­
ization are now ready for distribution, and all security holders are invited to obtain them from the undersigned, or from the Depositary or its
London agency, as all depositors are bound thereby, without regard to this circular; and the plan and agreement set forth in detail manv
features which it is impracticable to condense into this circular, but which are of much importance to security holders.
y
We believe that the prompt consummation of the plan will result to the best interests of all security holders, and will place the administra­
tion of this property on a sound and conservative basis. Any further information connected with the reorganization which may be desired bv
security holders will be furnished on application at the offices of any of the undersigned, or at the office of the Depositary or its London agencv
Dated N ew Y ork , June 22, 1898.
6
S P E Y E R & C O .,
3 0 B r o a d lS tr e e t , N e w lY o rk .
KUHN, L O E B & C O .,
Reorganization
27 P i n e lS t r e e t , New Y o rk .
Managers.
S P E Y E R IB R O T H E R S ,
7 Lothbury, London.

C ou n sel to R e o r g a n iz a t io n M an agers.
S ew a rd , G u th rie A Steele,
Evarts,|01ioate A R ea m a n ,
40 W a ll S tre e t.
52 W a ll Street:
F resh lleld s & W illia m s , L o n d o n .

To the Holders of Bonds and Stocks of the following-named Railroad Companies :
C olu m b u s 6c C in cin n a ti M id la n d R a ilr o a d Co.
Central O hio R a ilr o a d Co.
N ew a rk Som erset & S tra ltsville R a ilr o a d Co.
S a n du sk y M an sfield & N ew a rk R a ilr o a d Co.
S c h u y lk ill R iv e r E ast Side R a ilr o a d Co.
W in c h e s te r 6c P o to m a c R a ilr o a d Co.
W in c h e s te r Sc Straw bu rg R a ilr o a d Co.
Referring to the plan and agreement for the reorganization of the Baltimore & Ohio Railroad Company, dated June 22,1898 holders of the
securities of the above-named railroads are requested to communicate at once with the undersigned Advisory Committee giving’the a m o u n t of
their holdings, and stating how the same are held.
s
In order to deal with the holders of these leased line securities, it is deemed necessary to consider each case separately and upon its merits
After hearing from the holders of a large proportion of each class of securities, the matter of adjustment will be considered.
LOUIS FITZGERALD, 1
EDWARD R. BACON. I . , .
„
HENRY BUDGE,
f Advisory Committee.
WILLIAM C. GULLIVER, Counsel to Advisory Committee.

ALVIN W. ^ E C B t fls e c r e ic ^ ^ O Broadway, New York.

THE BALTIMORE & OHIO RAILROAD COMPANY.

I

~

Five Per Cent Consolidated Mortgage Bonds, Issued Under Mortgage Dated December 19, 1887.
(.Known as Bonds o f 1988.)
N ew Y o r k , June 22, 1898.

To the Holders of Certificates Issued under the Bondholders’ Agreement dated November 1, 1897;
representing B. & 0. 5 per cent Consolidated Mortgage Bonds of 1988 :
Referring to our circular of November 1,1897, in which we invited the holders of the above-described bonds to deposit them so that we
might take all necessary steps for the protection of their interests, we have now to state that a plan has been issued for the reorganization of
the Baltimore & Ohio Railroad Company.
This Plan, in our opinion, fully recognizes the rights of the Consolidated Bonds. The terms thereby secured for them are entirely satisfac­
tory to us, and we feel that they should be to you, and that the bonds we represent should be deposited under said Plan.
Pursuant to the Bondholders’ Agreement of November 1,1897, under which your bonds are deposited, and especially to Articles Fourth
and Fifth (subdivision 6) thereof, it is necessary before we take any further steps in the line indicated that we shall have the assent of 75 per
cent in amount of the holders of the above mentioned certificates.
As will be seen on examination of the Plan (copies of whioh may be obtained at our offices), the offer to the Consolidated Mortgage bond­
holders (for each present bond of $ 1,000 with all unpaid coupons or interest) is substantially:
$1,050 in new “ Prior Lien” 3*3 per cent bonds.
)
Bearing interest
125
“
“ First Mortgage” 4 per cent bonds. 5 from July 1, 1898
85
“
Preferred Stock Trust Certificates.
20,83 “
Cash (on completion o f reorganization) for interest to July 1,1898 ;

o r , at th e option, o f d e p o s ito r s (to b e sign ified w it h in six ty da ys fr o m th e tim e th e p la n s h a ll be a c tu a lly Issu ed),
$1 ,1 0 0 ca sh fo r u r in c lp a l, tog eth er w it h ca sh fo r a ll a c c r u e d in terest to tim e o f p a y m en t, su c h p a y m e n t t o be
m a d e u p o n th e p la n bein g d ecla red operative.
I f you agree with the views herein expressed, and the offer made is satisfactory to you, will you please sign, with the least possible delay,
an “ Assent” for the bonds held by you and deliver same to Messrs. J. P. Morgan & Co., 23 Wall Street, N. Y.

H o ld e r s o f certificates d eslrtu g to a cce p t th e ca sh olTer fo r th e p r in c ip a l o f th e b o n d s rep resen ted th e r e b y w i l
please so sügnlfy at th e fo o t o f the “ A ssen t.” I n a ll o th e r cases w e s h a ll u n d ersta n d th a t th ey elect to a ccep t th e n e w
secu rities fo r th e p r in c ip a l o f th e presen t b on d s.
J. P. M O R G A N & C O . ,
B R O W N B R O T H E R S * C O .,
B A R IN G , MAGOUN & C O .
L ondon , June 22,1898.
Having jointly made an issue of the above-described bonds in this market, under date of May 15th, 1888, simultaneously with that made in
New York by our respective representatives, who have signed the above circular, we strongly recommend all holders of certificate.-* for such
bonds to assent to the terms proposed for thé bonds under the plan of reorganization. Signed “ Assents” may be sent to Messrs. J. S. Morgan
■&Co., 22 Old Broad Street, London.
J. S . M O R G A N * C O . ,
B R O W N , S H IP L E Y & C O .,
___________________ B A R I N G B R O T H E R S * C O . , Lim ited.

THE BALTIMOR E & OHIO R A ILR OAD COMPANY.
Six Per Cent Gold Mortgage Bonds Due April 1, 1919, and Known as “ Parkersburg Branch Bonds."
23 W a l l St r e e t , N ew Y o r k , June 22,1898.

To the Holders of Certificates Issued Under the Bondholders’ Agreement Dated April 1, 1898, Representing
B. & 0. “ Parkersburg Branch Bonds.’ ’
Referring to our circular of April 1,1898, in whioh we invited the holders of the above-described bonds to deposit (ham with us, so that we
might take all neeessary steps for the protection of their interests, we have now to state that a plan has been issued for the reorganization of
the Baltimore & Ohio Railroad Company. .
This Plan, in our opinion, fully recognizes the rights of the Parkersburg Branch Bonus. The terms thereby secured for them are entirely
satisfactory to us, and we feePthat they should be to you, and that the bonds we represent should be deposited under said Plan.
Pursuant to the Bondholders’ Agreement of April 1, 1898, under whioh your bonds are held by us, and especially to Articles Fourth and
Fifth (subdivision 6 thereof), it is necessary before we take any further steps in the line indicated that we shall have the assent of 60 per cent
in amount of the holders of our certificates.
As will be seen on examination of the Plan (copies of whioh may be obtained at our office), the offer to the Parkersburg Branch bondholders
(fo r each present bond of $1,000 with all unpaid coupons or interest, is substantially:
$1,050 in new “ Prior Lien” 3*3 per cent bonds,) bearing interest from
1 2 5 “ “ “ First Mtge.” 4
“
“
U 5
July 1,1898,
15 “ cash (on completion of the reorganization) for interest from April 1,1898, to July 1, 1898.
The coupon on the present bonds, due April 1,1898, viz.: $30 with interest thereon at 5 per oent per annum, to be likewise paid in cash as
soon as practicable after the Plan is deolarea operative, or, if the holder so desires, such coupon will be purchased by a Syndicate for oash so
soon as the bond has been deposited, (but not after July 22, 1898, at its faoe value, with interest at 5 per oent.
if you agree with the views herein expressed, and the offer made is satisfactory to you, will you please sign an “ Assent” for the bonds held
by you, and return the same to our office with the least possible delay.
If you wish us to sell to the Syndicate the coupon due April 1, 1393, from the bonds whioh we have received from you, please so indicate
a t the foot o f the “ assent.”
„ j
M m 2:
BfflCE J .
M ORGAN ] CO-




>

THE CHRONICLE,

X

[VOL. LXYI,

fPtratxcial.
R G O R G A N ■Z A T IO N OV T H E B A L T I R O R G & O H IO R A IL R O A D CO M PANY—(Conclnd**d)—

To the Holders of Our Certificates of Deposit for the Baltimore & Ohio Railroad Company Four-and-One-Half
Per Cent First Mortgage Terminal Gold Bonds of 1894, issued under Bondholders’
Agreement, dated 30th of September, 1897:
A proposed Plan and Agreement for the Reorganization of the Baltimore & Ohio Railroad Company, dated June 22d, 1898, a oop y of which
is herewith enclosed, has been most carefully considered by us, under which each of the above bonds will receive $1,000 new First Mortgage
4 per cent Gold Bond in exchange for each $1,000 First Mortgage 4*s per cent Gold Terminal Bond. We recommend the same to you for your
Pr°Under you?Bondholders’ Agreement of September 30th, 1897, it is provided that if there shall be proposed to oiir satisfaction any scheme
o f reorganization or readjustment, we may, with the assent (to be manifested by express approval, or by a, failure within two weeks to express
dissent) rff the holders o f the certificates of deposit representing sixty per cent in amount of the deposited bonds, come m under such
reo^h<feimlosed Plan and Agreement is deemed satisfactory by us. We request, therefore, your assent thereto in writing.
Unless, within two weeks from the date of mailing this notice to you and of the first advertisement of this noticein two London newspapers,
you notify us of your dissent, w© will presume, conclusively, that you have assented to our deposit of your bonds under said Plan and Agreeme^ o u r lfo n fs w ill accordingly be so deposited by us, if sixty per cent of the bonds with us deposited shall assent in writing to the deposit
under said Plan and Agreement.
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I f notified by any depositor within two weeks from the date hereof, in writing, of his dissent, we will return him the bonds deposited w ith
us. upon surrender of our certificate of deposit, thus ending all future obligation to such dissenting bondholder.
I f we are not notified of your dissent within the time named, upon receipt by us in exchange for your bonds of certificates of deposit issued
under said Plan and Agreement of Reorganization, we will deliver the same to you, without further charge, upon surrender to us of our ow n
° 6rtWe solicit most earnestly, a very prompt expression, in writing, of your assent or dissent. Unless notified to the contrary by you, we will
deposit all coupons of assenting bonds maturing prior to 1st July, 1898, upon depositing such bonds under the Plan.
Having thus obtained for depositing bondholders the opportunity to secure terms of settlement deemed satisfactory by us, we notify youthat after the expiration of two weeks from the mailing of this notice and first advertisement thereof, our only duty under the Bondholders’
Agreement of 3<>th September, 1897, will be either to return their bonds to depositing holders who have theretofore signified their desire to
withdraw the same or to surrender to such depositing bondholders as within that period -hall have assented, either expressly or by failure to
dissent, the certificates of dej osit which will be issued under said Pian and Agreement of Reorganization, and if the coupons are ordered to be
sold to pay to them any cash received therefor.
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In no event will any securities be delivered by us saving upon return to us o f our own certificates of deposit.
•
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It is our desire that all assenting bondholders will deliver at the earliest moment, after the certificates have been received by us under the
Plan and Agreement, their own certificates of deposit with us for exchange. We will be ready after such exchange to accept the certificates o f
deposit thus to you delivered, to be held, in case the Plan and Agreement shall be declared thereafter inoperative, upon the understanding that
we will demand in lieu thereof your bonds deposited under said Plan and Agreement and shall hold said bonds under the original agreement o f
30th September, 1897.
e Ll l o l e v «
L o n d o n , J u n e22,1898. (
B R O W N , S H I P L E Y Sc C O .

To the Holders of our Certificates of Deposit for the Five Per Cent First Mortgage Gold Bonds of the
Baltimore Belt Railroad Company, issued under Bondholders’ Agreement,
dated November 1st, 1897:
The Proposed Plan and Agreement for the Reorganization of the Baltimore & Ohio Railroad Company, dated June 22d, 1898, a copy o f '
We recommend the same to you for your prompt acceptance.
Such Plan provides that the property of the Baltimore Belt Railroad Company is to be leased to the new Company to be formed at a rental
sufficient to pay interest at the rate of four per centum per annum upon the Baltimore Beit Line Bonds. The arrangement is to date from July
1st 1898. and the payment of int- rest at the rate of four per centum after that date is to be in full of all interest due and payable upon such
Bonds thereafter Interest at the rate of five per centum per annum will be paid up to July 1st, 1898, with interest upon overdue coupons,
upon the completion of the reorganization.
\
_.
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The Plan further provides that in consideration of the Agreement to pay such rental, the holders of said Baltimore Belt Line Bonds shall
agree that the new company shall have the option for five years from July 1st, 1898, to purchase said Belt Line Bonds at par and accrued
interest at any time upon sixty days’ notice of their intention to do so, and that if this option be not exercised within the said period, the new
company will assume the ultimate payment of said bonds when due. The form of the proposed lease and agreement with the New Com­
pany covering the arrangement will be subject to the approval of our Counsel.
In order to make the arrangement effective, the holders of the Baltimore Belt Line Bonds must present the same to be stamped, and the
arrangement will not become operative until the holders of all such Baltimore Belt Line Bonds outstanding, or such lesser amount as the Reor­
ganization Managers or the New Company shall approve, shall have consented thereto and presented their Bonds for stamping accordingly.
Under your Bondholders’ Agreement of November 1st, 1897, it is provided that if at any time there should arise an opportunity lor~
arrangement or settlement considered favorable by us, we may, with the assent (to be manifested by express approval or by a failure within
two weeks to express dissent) of the holders of our Certificates of deposit representing sixty per cent in amount of the deposited Bonds, make
such arrangement and settlement.
^
a
The enclosed Plan and Agreement presents an opportunity for a settlement and arrangement of your claims which we deem favorable.
We request therefore your assent thereto in writing. Unless within two weeks from the date of mailing this notice to you, and of the first
advertisement of this notice in two London newspapers, you notify us of your dissent, we shall presume, conclusively, that you have asseni ed
to the proposed arrangement and to the stamping of your bonds as assenting thereto as provided by the proposed lease and agreement above
w hich is herewith enclosed, has been most carefully considered by us.

me3Youi*eBonds will accordingly be so presented by us for stamping if sixty per cent, of the Bonds deposited with us shall assent in writing to
the proposed arrangement, and the same shall become operative by the assent of the requisite amount of outstanding Bonds, as above stated.
I f notified by any depositor within two weeks from the date hereof in writing of his dissent, we shall return him the Bonds deposited with
us upon surrender of our certificates of deposit thus ending all future obligation to such dissenting bondhoider.
We solicit most earnestly a very prompt expression of your assent or dissent.
Having thus obtained for depositing Bondholders the opportunity to secure terms of settlement deemed satisfactory by us, we notify you
that after the ex iration of two weeks from tne mailing of this notice and the first advertisement, our only duty under the Bondholders'
Agreement of November 1st, 1897, will be either to return their Bonds to depositing holders who have theretofore signified their desire to
withdraw the same, or to surrender to such depositing Bondholders as within that period shall have assented, either expressly, or by failure tadissent, the deposited Bonds duly stamped as assenting to the proposed arrangement. In no event will any securities be delivered by us, save
upon the return to us of our own certificates of deposit.
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in case the proposed lease and agreement should not become operative, the deposited Bonds will not be stamped, and we shall hold thesame under the original agreement of November 1st, 1897.
L o n d o n , June 22, 1898.
B R O W N j S H I P L E Y Sc C O .

To the Holders of the First Mortgage Five Per Cent Bonds of the Akron & Chicago Junction Railroad Co.
A Plan and Agreement for the Reorganization of the Baltimore & Ohio Railroad Company (a copy of which may be obtained at our office)
has been prepared and submitted for our consideration. The Plan provides that each $L,000 o f the First Mortgage Five Per Cent Bonds of theAkron & Chicago Junction Railroad Company will on the completion of the reorganization, be entitled to receive:
In New First Mortgage Four Per Cent Bonds of the B. & O. RR. Co., or the new successor Company.............................................. $1,000 00
In New Four Per Cent Preferred Stock of the B. & O. RR. Co., or the new successor Company........................................................
250 00 and
In Cash
........
............................
........ ..........................................................................
8 33
repr* senting interest accrued from May 1,1898, to July 1,1898.
The b ew First Mortgage Bonds are to bear interest from July 1,1898.
The coui on due May 1.1898, may be deposited under the Plan, and a separate certificate of deposit will be issued therefor. By the terms
of the Pla" this coupon, with interest at 5 per cent from the date of maturity, will be paid in cash as soon as practicable after the Plan is deC^ A fte n d u e consideration we think the terms offered to the holders of the above bonds are favorable; and we therefore recommend the prompt,
accept ant e of the Plan by deposit of your bonds at the office of the Mercantile Trust Company, the depositary named in the Plan, No. 120 BroadTpovr "NTftwYork.
•
D a t e d N e w Y o r k , June 22,1898,
V E R M I L Y E Sc C O .

To Holders of Receipts Issued by the Undersigned for Baltimore & Ohio Railroad Company’s Five
Per Cent Bonds, Loan of 1885.
Pursuant to the Bondholders’ Agreement of April 10,1896, the undersigned hereby give notice that a Plan and agreement for the Reorgan­
ization of the Baltimore & Ohio Railroad Company, dated June 22,1898, has been prepared and has been adopted and approved by us, and*
we hereby rec ommend the same for the acceptance of the bondholders. Copies of said Plan and Agreement have been duly lodged at the office
of Speyer A Co., New York, and Speyer Brothers, London, for inspection by the holders of our receipts issued under said Bondholders’ AgreemeiThef Pl?n provides that each $1,000 of the above Bonds will, on the completion of the Reorganization, be entitled to receive in
New Prior Lien 3*4% Bonds................................................................................................................................................................
.......................................... ...................... - ........................................ ....................................
New First Mortgage 4% Bonds.
New Preferred stock Trust Certificates..........................................................................................................................................
«ii'oo
C&sll.
........................ ........... ............................... « . . . ...................
....................... .
.................. ........................
20*oo
r e p r e s e n t i n g interest accrued from February 1,1898, to July 1,1898. The New Prior Lien and First Mortgage Bonds are to bear interest
ir0EAnv «iceipt^holders who do not assent to such Plan and Agreement of Reorganization may withdraw their bonds and coupons represented
bv our receipts at any time on or before July 21,1898, upon the surrender of such receipts, without exp nse. All receipt holders who shall
not ■withdraw their bonds and coupons on or before July 21,1898, above stated, shall be conclusively deemed to have assented to said Plan ana.Agreemcnt of Re.-iganization and will be bound thereby, and the nndersigned will thereupon deposit thereunder all of such bonds and coupon»
not so withdrawn in exchange for Reorganization certificates of deposit issued under said Plan and Agreement.
Dated June 22,1898.
S P E Y E R Sc C O .,
De Dositaries.
■• r---'
SPEYER BRO TH ERS
D e p osita rie s.